Shaun Newman Podcast - #439 - Edward Dowd

Episode Date: May 29, 2023

He is currently a founding partner with Phinance Technologies a global macro alternative investment firm. He has worked on Wall Street most of his career spanning both credit markets and equity markets. Some of the firms he worked for include HSBC, Donaldson Lufkin & Jenrette and most notably at Blackrock as a portfolio manager where he managed a $14 billion Growth equity portfolio for ten years. Let me know what you think Text me 587-217-8500 SNP Presents: Luongo & Krainer https://www.showpass.com/snp-presents-luongo-krainer/ Substack: https://open.substack.com/pub/shaunnewmanpodcast

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After BlackRock, he founded Ocean Square Asset Management with two former BlackRock colleagues. I'm talking about Edward Dowd. So buckle up. Here we go. This is Ed Dowd, and you're listening to the Sean Newman podcast. Welcome to the Sean Newman podcast today. I'm joined by Edward Dowd. So first off, sir, thanks for popping on.

Hey, thanks for having me on, Sean. You know, I got a lot of excited folks on this side of things to have you come on and talk some, you know, a lot of different topics, I assume. And so for those, they're already excited in my I don't need to do this part, but there's a lot of people out there that may not know your name. They don't follow, you know, the American side of it maybe, or maybe they're not on Twitter or what have you. And so I just like to start to, Ed, with a bit of your background just so you can bring

people up to speed as quick as possible. Yeah, sure. So I'm a Wall Street professional, 30 plus years on Wall Street. worked at HSBC, Hong Kong, Shanghai Bank, went to business school. Was a fixed income salesman at HSBC, so understood the credit markets, money markets, interest rates. Went back to business school, then went to Donaldson Lufkin and Jenrat Equity Research, saw the dot-com fraud, then went up to Boston, became a technology analyst, eventually a portfolio manager at BlackRock, where I managed a large-cap growth fund for 10 years, grew up from 2 to 14 billion, saw the dot-com.

come fraud in real time, and then saw the great financial crisis fraud. And, you know, the fraud just keeps getting bigger and bigger. So it's corporate fraud in the 90s, early 2000s, bank fraud in the mid-2000s. And then now we have central bank and government fraud. And that's how the system ends. That's where we are. I've been very active in the research on the vaccines, wrote a book, Cause Unknown, The Epidemic of Sudden Death in 21 and 22. And we look at, you know, the metadata from insurance companies, government databases. We measure excess deaths, disabilities. And it's all coming up and pointing at one single thing.

All these excess deaths, especially in younger working folks and disabilities took off in 21, 22, and continue in 23. And it all points to the vaccine. We've sliced and diced it. I have a team of two PhD physicists. We formed a firm called Finance Technologies. All our research is on our website,financed Technologies.com, spelled with the pH instead of an F. And this is Wall Street Research. We're ahead of the curve.

We've already declared that it's the vaccine. We're pretty sure it is. We're moving on and we're waiting for the authorities and the government's admitted at some point. We're not hopeful. And you know, you got to think about what people on Wall Street do. We pick stocks before everybody else knows what's going on. This is, we're doing the same thing here. We've discovered the problem.

It's the vaccines. We've declared it is. And we're, you know, we're waiting for everybody else to figure it out. You know, it's interesting. You know, as a guy who rattled off about four different things that are in fraud, corporate banks, central and government. And this is how the system ends, I think, is what you said. Yeah. But a lot of us, we've been sitting here staring at this going.

going. So like our when is when is the you know like the story the narrative going to fall in on itself and you know when you talk about well we're moving on and we're just kind of waiting you know it's the vaccine and everyone's like yep yeah it is yeah. Why hasn't why hasn't more come is it because the machine's slow moving is it like to me I'm I think a lot of us are just like you know here in Canada we're going like I mean we're still saying idiotic things here in this country. And I hear what you've just said. I've looked at your research, and certainly on this show, we've talked to a whole plethora of people. And yet it's like no data seems to be good enough. No story or, you know, a series of events of people exposing things seems to be enough

to bring down this narrative. Do you see the same thing or are you seeing something different? Well, let me give hope and let me give you an analogy. So I talked about corporate fraud. Let's use Enron that was a fraud of epic proportions that went bankrupt. So you go back to the speculative phase of Enron. Everyone was enamored by the management team. They were telling great stories. It was a asset-like company that was going to change the world.

The internet was coming on. They were trading energy. They were doing this. They were doing that. they were printing profits as we found a later word fraudulent. So the stock peaks out. Some people become very suspicious. I call them the smart money, the early money.

They start shorting the stock. Some were a little too early. But eventually questions started to arise. And the stock started to go from, let's say, I think it hit a high around 80. And then it's at 60. So it's down 20 points and there's questions. And I remember, you know, being an analyst at the time, I was electric utility analyst, so I was very familiar with Enron, and I was telling people, I think this thing's fraud, and I was getting my firm out of the way of it.

And my peers at other firms said, well, I talked to management, and they said that it's smoke, you know, people are lying and everything's fine. So, you know, people get involved in stocks emotionally too much. So, like, you can't rationalize facts, someone whose position is based on emotion. So a lot of my peers bought this thing all the way down, believing management until it finally went bankrupt. And by the time the regulators showed up, it was too late, right? The SEC, and by the time they figured out there was a problem, the stock was $2. So the point I'm trying to make is smart people know the vaccine's causing problems. And a lot of people intuitively know this.

So they're just not getting boosters. The booster numbers suggest that people on their own are like, this is garbage. I'm not getting it. Now, that's good news, right? But the problem is, is the mainstream media is not telling the truth. The governments are not telling the truth. So it's kind of a grassroots effort. So anybody who's listening to your podcast or other ones that are getting the truth,

they're smart money. And I know a lot of people who got vaccinated. And now they've heard and seen some of my stuff and some of the doctors what they're saying. And they're done. And they're like, wow. And now they're looking at ways to detox themselves. So I'm very hopeful. I think it's word of mouth.

I have more and more people out there starting, the light bulbs going on. So that's how markets work. I view this as a market, right? So eventually we're going to get enough people who are not in authority to say this is garbage, and then that'll move the authority figures to have to admit there's a problem. And it's coming to a head soon. I mean, the number, I just dropped today some new UK absence and work time lost out on Twitter. It's exactly the same as the U.S.

It's a 20-year trend that was pretty steady. It went off the rails in 21 and 22 in the UK, just like it did in the U.S. Six standard deviations in 21 and 13 or 12 in 22. It was 13 in the U.S. So these are what we call on Wall Street Black Swan events. Basically, a three-standard deviation event from a normal distribution curve happens 0.03% of the time. So 13 is way out here.

It's called a tail event. So what's going on in our kind of, countries and Western countries as people are dying. Now, the deaths are smaller than the disabilities, and we got disabilities, and then we got injuries, and injuries are showing up with people chronically sick. We know these people, you know, these people who are, you know, on their fifth booster seem to get COVID every other, every couple months and or the flu or whatever. So they're just sick.

Their immune systems compromised. So this is a tragedy. People are getting the sick joke. Unfortunately, because the government's mandated this, they're not, they're not, They're caught between a rock and a hard place. And a lot of governments are going to be either peacefully elected out or toppled. Yeah. You know, I sit here and I don't know.

I guess as a younger guy, well, I don't know. When I say younger guy, Ed, I mean like, I feel like for the first 30-some years of my life, I didn't pay attention to jack squat. And as I'm paying attention to this, I'm realizing how slow things actually move. in the political sphere, in these big giant machines, if you would, and how slow they are. Just like, you're sitting here and you've been watching this now for, you know, for some people immediately in 2020. For others, you know, they caught up at three months in, six months in a year in, you know,

like at points the United States was done with mandates, but Canada, Australia, New Zealand, all these different countries, like, nope, this is the only way. And so it's been slowly just like trickling along and you see all these things and you see all your different data points, which I really suggest people go take a look at because I mean That's just another piece of the puzzle where you're like oh Okay and You wonder well, I wonder you know because I'm like man Topple that's when you say topple that's a scary thought of like well it's time to get them out and you drag them out kicking and screaming or you do it peacefully I wonder if there's a way to

do it peacefully where they just are ousted you know you got a guy Robert F. Kennedy who's running now and I see that and I'm like man I wonder if that can work do you think that can work well I'm I'm the co-treasurer on this campaign so I'm hoping it works uh look what what have you been seeing then from from him announcing and and all these different things because it's been I'm Canadian sitting here I'm watching I see it I'm like oh that's interesting To me, that's really interesting. I'll tell you, so the reason I, look, I don't agree with Bobby in every issue, but Bobby's platform is simple, freedom first, bodily autonomy, and truth.

So like, he wants to expose all the hidden truths of what's going on. We don't necessarily need to agree in all the policy issues because quite honestly, those are nice to have until we have truth, reconciliation, and the vaccination program and lead from truth and intention. integrity, everything else is garbage. So that's why I'm supporting Bobby. He's throwing a wrench in the Democratic National Convention. And I think that's a great thing. He's bringing conversations to the table that we previously weren't allowed to talk about. So whether he wins the nomination or not, I think his entry into this fear is a huge net positive.

And he's going to wake up a lot of people. The other thing that I find interesting is he's kind of, he's appealing to both, you know, not crazy COVIDian liberals, but, you know, old line liberals that, you know, where the, you know, the Democratic part. he's kind of gone way left of traditional liberals. So he brings them back in the fold. And a lot of people that like Trump would disagree with his vaccination policies like Bobby. So it's kind of this cross vector of different people who just want freedom and truth

and understanding that the system that they're trying to put us into, which is a central bank digital currency, and Bobby's opposed to that, is a slavery system. They're going to be able to track everything you do. and you know if you dissent against the establishment they turn off your bank account that's where we're headed that's what and look i'm i'm not living in that world uh i'm i'm with this look i'm not when i came to this fight i'm not any a traditional anti-vaccine person but when when you tell me i'm forced to take

something to keep a job that's been experimental never tested on humans and the clinical trial was 28 days and you want to hide the data from me for 75 years, I say, yeah, go pound sand. I mean, that's just me. It's just funny. You know, it's just, I find it hilarious. And maybe, I don't know, is it a dark way, whatever way it is. When people break it down and put it just the way you did, when you want me to do this and this and this and you're going to try and hide it for 75 years and you just add in like 10

of the points from the last three years. Right. Like when you put it that way, it's like I don't like you should just have a billboard with that on it everywhere and people read them be like, oh yeah, right. Because like for me, for a lot of people who, you know, continue to talk about this, continue to fight, continue to talk openly who, you know, in our country, went to Ottawa, went to, when did all these things. Like this is like when you put it like that, it's like, I don't know how people missed all this, but they did. And I don't know why they won't look at the data, but they won't. And I don't know why they won't open their eyes and see some of the, you know, when you talk about the central digital currency, you're like, yeah, I get it. And yet it seems like we're heading there and we're heading there fast.

And no matter how much people try to fight it, it just seems to pick up speed instead of get diverted or maybe I'm just missing some things. Well, there's some good news. So, you know, Bobby's bringing the issue to the forefront. Senator Ted Cruz is, you know, raising warning signs, Governor DeSantis. So people, the subject of central bank digital currency is getting into the marketplace, which is good. Before it was kind of a, like I knew about it,

but not many people did, but now it's becoming an issue. So the first step is make people aware of what it is and why they want us to go there. You know, they're selling it, oh, it's gonna, it's good. You can, you can, you can, everything will be electrical and digitized and it's going to be convenient. Well, convenience is really a euphemism for slavery because, you know, if you're, if you're a bureaucrat, if you're a technocrat, bureaucrat, and you want to implement crazy climate controls that, you know, that's another scheme in fraud and in and of itself. That's just a taxation scheme to take care of the sovereign global debt problem. So let's say you, Sean, let's say they implement this and they decide that meat is not good for the peasants anymore and you have to eat the bugs.

So they give you a meat quota and with a central bank digital currency linked to everything, you go to the cash register and the checkout person rings you up and says, oh, I'm sorry, you cannot buy this because it won't let me clear the money out of your, you reach your quota. I mean, that's where this ultimately goes. So like, you know, you've already had your meat quota, Sean, and you've got to have a lot. go put the meat back because the cash register person won't ring it up. That's where we're going. You know, when you say that to me, I don't go, it's funny. I mean, I think of how far we've come along this journey. If I'd heard that four years ago, I would have been like, what?

Now I'm like, I get it. My question then is, Ed, how do you distill it in a way that will wake people? You know, because like I think if I just tuned in today, the Sean Noon podcast, I just tune in today, and I hear Ed say that, and I've heard nothing else. I go, what is going on? It's almost like warp speed, and you've got to go back and listen to 200 episodes

to kind of find your way to there. Have you found an easy way, or is there no easy way to just smack somebody over the head and be like, this is where we're going. Can you not see? Well, so, you know, look, I'm kind of at the nexus of the vaccine research and being a financial expert for years. So before COVID, those of us on Wall Street

were waiting for what we call the everything bubble to pop. You got to go back to the financial crisis. In 2009, they solved the debt problem with more debt. That's the key to understand this. When you print money, printing of money is debt creation. The way our monetary system works, when you print a dollar, you create a dollar of debt. So they solved the problem in 2008 with money printing and government spending. And so all these global governments and central banks went on a binge for the last 14 years.

And eventually the chickens come home to roost. It can't go on forever. It's a giant Ponzi scheme. So we were all trying to figure out what's this going to look like? How are they going to cover this up? We figured war. Well, guess what happened? They decided to use a COVID war instead.

And the COVID war was a way for, and if you go back to the central government or the governments across the globe, the messaging around COVID, it was exactly the same. phraseology you know build back better great reset you know lockdowns everything was in unison and wouldn't you ever see the global governments of the world in unison that never is the is the answer and the reason they were is because they all they all are joined together in a global debt problem so if you're going to have a global debt implosion an economy is going to go in the tank and you know the peasants are going to get mad wouldn't it be nice to have a control system in place first a virus, so to speak, that scares the bejesus out of everybody.

You implement lockdowns, you implement fear, and then you introduce a vaccine, and you link that to a digital passport, which they try to do. That didn't work. And you're going to have quarterly jabs, and they're going to sell you back to your freedom. So you can't travel unless you have this jab, you know, that's, so that, it's a system of control they try to put in place. So once you see it's linked to money, and there's a bunch of profiteers. who were in the know, who made money off all this.

And it's pretty easy to see that they're trying to take us to the central bank digital currency so they don't have to deal with all this other nonsense. Because once they have that, you know, and you go on your internet and you say something on Facebook and you get flagged, they can turn off your bank account immediately. It's all, so it's, they need to do this because if the system's going to implode and it lays at the feet of the politicians and the central bankers, wouldn't it be nice to, you know, create a new system and be on the top of that and then fool people into thinking that it was a virus?

That's my, I mean, that's my opinion. I have facts about the vaccines. My opinion is that this is all linked to the money and the global debt problem. And once you get your head wrapped around that, and everything you see in the news is a funnel for us to accept this. And everything is a, you know, So once you realize that and realize it's all basically because our politicians and central bankers went on a 14-year drunk and spending binge, it becomes pretty clear what's going on. And people on Wall Street are waking up to this.

I mean, I have billionaires talking to us that may or may not hedge fund or hedge fund that we're going to start eventually. But they're in the know. They're like, they're freaking out. They're billionaires and they're freaking out because they're not in the club. They know they're not in the club. I mean, if you've got $10 billion, you're not in the club. That's a nothing burger in the world of the power games. When you talk about the power games, you know, one of the names that, and I just call my,

I'm a lowly peasant. I am, you know, I'm down there ways. You've worked for BlackRock. And one of the things about BlackRock that gets thrown around a ton is they pretty much own the world. Or at least that's the way it's tied to a lot of different things. things. What can you tell us about Black Rock? And honestly, the power games that go on, you know, when you talk about having 10 billion, and that's just not enough. Does Black Rock figure into those games? And if so, I don't know, what can you tell us about it?

So I signed a non-disperagement agreement when I left Black Rock, but I can talk in general terms. Black Rock, Vanguard State Street. They all own massive of them. of shares. Now, there's a misunderstanding. And again, I'm not carrying water for these firms, but so these firms became big because of the trend towards passive investments. In the old days, there were portfolio managers like myself that would manage an equity portfolio, and we would vote the shares. Like, you know, when it was the annual board meeting, myself and my partner would go online and we would vote, you know, or say yes or no to the proposals from the board. Because of this trend of passives, three firms took all the market share, Vanguard, Black Rock, and States.

You know, passives is basically indexing. So everyone that buys equity exposure doesn't really buy active management anymore. You know, people picking this, they just buy an index. So that was the trend the last 20 years. So it's tremendous amounts of money trapped in these passive strategies. The bad thing about it is the voting goes to an executive committee at the top. of these firms. So that and Charlie Munger, who works with Warren Buffett, has written about this in the Wall Street Journal, and he said it's too much power, too much of a monopoly. So does BlackRock

Vanguard and Strait, do they own the world? No, they are agents managing your money, but they vote the share. So it's not, they're not like owners of the stocks. The, the investors that have their money at BlackRock are the agents. They're the agents. They just have the voting, it's centralized. All the voting power is centralized at the top of those places, correct? At the top of those places. So are they puppeteers? I think they're, I think some of them are willing or unwilling dopes in the game, in the big puzzle,

because they've all taken up the banner of ESG, which is nothing more than, you know, it's a corporate credit score, you know, environmental. social and governance. And it's a way to kind of force policies on the corporations. But so does Larry Fink or the head of Vanguard have a phone call into the head of Exxon and tell them what to do? No. But they, you know, they have influence. And this kind of power usually, you know, needs to be broken up. So I just don't, I don't think they're sitting in a room smoking cigars, drinking scotch, laughing maniacally. And by the way, all these people took the jab. So that's, that's The other ridiculous thing about this, they didn't get a saline solution.

These people took the jabs and now they're like rutro. So I just think power in too few hands gets people to do things that aren't in the best interest of everybody else. So I think they're part of the puzzle. I don't think they're running the show. I think the people who are really running the show are intelligence agencies that are hidden. people in the shadows we don't even see you know conglomerates and people that

if you're going to be a puppeteer you don't want to be the face of it so a lot of people are useful idiots I think Claude Schwab is a useful idiot I don't think I mean he's a caricature of a Bond villain I mean it's a joke I mean the guy stands up there and his his cling on suit and

you know I'm sure you've seen that picture of him in the Klingon suit, you know, saying you will eat the bugs and own nothing. I mean, it's almost, it's almost comical to me. I almost feel like, look, if I was an evil genius, I would set those guys up to take the fall, you know, introduce something completely crazy and wacky, then those people get toppled, but then you come in with a system that sounds reasonable, that's really what you wanted anyways, which I think is a central bank digital currency. So you have these weirdos over here saying nonsense.

and then you got then you bring it and then you slip in what you really want that's what I would do this is all speculation on my part yeah yeah it's it's it's it's funny I know I with with Schwab you you wonder if he's got like a you know if they ever have a documentary

come out in 50 years where they just followed them every day for you know the last four years or whatever and you realize he's actually got quite the personality and he just puts on this facade and he comes out and he's eat the bugs and you know you know nothing and you and he's like and you know what today I'm gonna

dress like an even blonde villain, right? And he's having some fun with it. Or if he's just that diabolical and he just, he's just embraced it so much. And people are like, you look good like that. Oh, you should totally wear it. Because I'm like somewhere he's got an advisor, Ed, that's going, you know what? We should put you in this suit. You'll look great.

And you can't figure out if he's having fun with them or if they like, you know, like you said, a useful idiot. Jeez, that might be the best thing out of this entire podcast. I mean, there's lots of great out of the podcast. I shouldn't say that. But it's like, that's exactly right. Close job is a useful idiot. If I, you know, it's like, that's perfect right there.

Yeah. And, you know, let's, let's, you know, let's think about the W.E. World Economic Forum. I had no idea who these clowns were. They had a coming out party during COVID. All of a sudden, they came up, they put out a Twitter account. They went like, you know, they had a marketing campaign. So it's like these people have been there in the shadows, having their crazy, you know, power hungry secret meetings at Davos and Builder Bird.

you know, planning, planning. And then COVID comes and then they're like, here we are. And it's, you know, I mean, we, none of us knew who these clowns were and all of a sudden they're all over the place. And they're saying what they're saying crazy stuff. So that's why I think it's like, I think they were unleashed. Say what you believe. And then we'll offer you up to the plebs and the peasants at some point and put you in jail.

But then, you know, we're going to come out of the shadows and introduce the real system. I mean, it's so over the top ridiculous. I mean, their website, when they first came on the scene in 2020, their website was like, you will own nothing and be happy. I mean, what kind of a pitch is that? I mean, it's insanity. It is quite insanity, yes. You know, it's funny, though, because all you have to do is go read the bloody website, right?

That's all you had to do. Like, you go to type it in. And here in Canada, you know, so many. of us talk about how he's like we've infiltrated the governments in canada you know true true though is one of his people absolutely and it's right there and yet you'll go talk to um different people around your town and they're like don't get me going on all that wf crazy stuff and you're like have you read it have you just literally typed in the website and went and took a little browse and seen what they're saying well no it's like oh how is that possible so this this is the

So here we have this kind of, there are people, it's normalcy bias. So people desperately want to believe that their worldview is correct. And unfortunately, not only is their worldview not correct. It's what the mainstream media now is 100% propaganda all over the globe. And most everything you see is slanted or lies. And once you see that and then you go, oh, because you like you're right, go to the WEF site and you just literally read what they say and then you put that on Twitter, then AP will come and fact check to you and say you're a conspiracy terrorist.

I mean, so we're at gas lighting. I mean, the gas lighting is immediate. I mean, so we, you know, you could actually have a video, you have videos of Cloud saying this. You put it on Twitter and people say, oh, that's not real. That's a deep fake. No, that's actually what he said. So people don't want to believe. the suit he was wearing.

Yeah, yeah. People don't want to believe it. But so again, I come back to what I saw on Wall Street my whole career. You can't rationalize facts to someone whose position is based on emotion. And a lot of people were in fear from COVID. They got the Vax. A lot of these people demonized those of us that didn't. They were not very nice about it.

Now they're wrong, but they can't admit it. So they hang on to the lies. And they don't want to look at the WEF website because, You know, Sean, that might get them thinking about the Vax. And God forbid, God forbid I injected myself with poison because I forced my friends to do it or I demonize. So this is a psychological problem and it's going to take time to unwind. And it does. Just like with the Enron fraud, eventually the truth comes out.

And those who are the last to the party and own the stock to zero, I liken those who are continuing to get the boosters today. If you're getting a booster today, you're what I call it. dumb money. You're dumber than dumb, beyond dumb. Because we all know the thing doesn't work. At a baseline, it doesn't work. There's no, you can still get COVID and still transmit it. So why in God's green earth would you take it? Because you've been told it prevents serious hospitalization. There's no study on that. And oh, by the way, the people who told you to get it in the first place, you were telling you that now lied and said it would stop you from getting COVID and transmitting. So anybody that continues to get boosted is I call that dumb money.

They're literally going to own the stock known as COVID to zero, which means they either die, get disabled or injured. So that's where we are. You know, when you started looking into the data, I actually, you'd have to remind me and the listeners of exactly the dates you started like really digging into it, Ed. Did it shock you? Were you like, or were you like, it was just like, no, I knew this was kind.

coming because some of the different numbers, you know, I printed them off here. You know, 82% had no effect or asymptomatic. This is just, and you can certainly clarify here, 17.92% milder, moderate injury outcome, 0.93% severe outcome, and then 0.05 to 0.1% extreme outcome being death, and severe outcome being disabilities. and you know like you go oh that's not that much but then you you know that's 310,000 excess deaths or 1.36 million individuals between 16 and 64 that had uh that became disabled right and the numbers only go up yeah and the injured is like 26.6 which is basically your your immune system's been blown up and unless you fix that you will die uh you know of something it's like a it's I

evades vaccine acquired immune deficiency syndrome just like AIDS that's what AIDS did you got AIDS and what AIDS did is basically destroy your immune system and you die to something else so that's why you know you know you hear about all these people dying of cancer all of a sudden well you know it's starting to come out that this vaccine accelerates cancers it blows up your immune system so there's a whole host of knock on effects and the numbers you just quoted are just the US only so yeah sorry and that's just US yes yeah yeah I wish I could do Canada but your government, for some reason, has entered third world status and doesn't release death data timely anymore.

So I said that in the national inquiry. I appeared and spoke and he said, look, I don't believe Canada is a third world country, but they're certainly acting like one. They don't provide death data. It's kind of like South Africa is better. I think it's like, you know, it's like Rwanda. You get death stats two years late. So the point you're making is.

is a good one. And the numbers, when I, so this is my journey. So I basically, um, right away, I mean, I didn't take the vaccine because I knew it was experimental and that all the rats died in the animal experiment. So I'm like, that doesn't bode well. So I started hearing anecdotes right away in February, March of 2021. So I was like on alert. Then when the mandates came, that's when I, that's when I lost my mind, started protesting, hooked up with Dr. Malone. And I, told him he came to Maui and I met him and we became friends and he boosted my signal. I basically said to him, look, if I'm right and you're right and this vaccine is doing what we think it's doing, it'll show up in government databases and or insurance company results

and funeral home results. So guess what happened in the third and fourth quarter of 2021? A specific business in insurance results took on water. It was called group life. And the reason why took on water there first is because of the insurance accounting is Byzantine, but because of the short-term nature of group-life contracts, the losses were staggering. So, you know, in 2021, in ages 25-364, across all of the industry, 80% of the revenues were surveyed, 40% excess deaths, 40% and people with group-like policies. Who gets group-like policies? Those are people that work for Fortune 500 companies or mid-sized companies. So when you join, let's say Budweiser, I'll use them because they're in the news, you join Budweiser as a, you know, junior marketing executive for out of college as a, you know, your first entry level job.

You get, and, you know, you go to HR or now you do it online. Back in the old days you go to HR, but you do it online, you sign your health care plan, and then you sign your group like policy. And all you do is sign your name and you give a beneficiary. If you're single, it's usually your parents or if you're dumb, your boyfriend, your girlfriend, and your girlfriend. And then you laugh at it because you're in your 20s, 30s, and 40s. You laugh because you know you're not going to die. No one dies in their 20s, 30s, unless they're hit by a car. Or do they fall off a cliff while hiking, okay, or drown, or, you know, just accidental deaths.

Well, guess what? The insurance companies are like, what is going on? So to give you an idea what 40% is, these death rates are steady. 10% this is a quote from an insurance executive a 10% increase in excess in deaths above the normal death rate is a once in a 200 year flood for a three standard deviation event 40% is off the charts so now so people go well why am i not seeing it because young people aren't supposed to die so 40% above trend is just that although the numbers aren't huge it's it's a signal and the signal is we have we have we Houston, we have a problem. And I mean, like, the deaths are tragic, but the disabilities and the injuries are where the economic damage is being done. So, you know, in our vaccine damage report,

the deaths were $5.2 billion in terms of economic damage. The disabilities were $52 billion. And then the work time lost because you're sick all the time, the injuries, you're not going to work. And by the way, the absence rates and work time lost have exploded. That's $89 billion. So basically $150 billion of damage we can measure in one year. That's measurement.

What we can't measure is productivity loss. So productivity loss is a multiple of that. So the actual damages could be like $500 billion to a trillion a year in just the U.S. economy. I mean, this is epic disaster. You know, people, I'm almost tongue-tied listening to all, you rattle off all the different stats, you know, hearing it firsthand is just as tough as reading it, you know? It's just like, oh, what do you do with that? And you wonder what in 20 years they're going to look back on this and go, what were they thinking? Or, you know, are you just going to see, you know, I think of the big short, you know, the movie with all the guys.

And they're sitting there and Steve Carell is like, they can't be that stupid. And then, of course, they go on to, you know, talk to a whole bunch of different people in banking. And he's like, they're that stupid. Buy everything. Right. And you're just like, you watch that movie in the middle of COVID. And you're like, I feel like we're repeating this movie, you know, but obviously for, you know, not exactly the same things. But like, to me, I hear all that.

And then I wonder, okay, what are the ramifications of that? Like what is the ramifications of the workforce of all this loss in productivity and and and and and and what is that going to mean to I don't know the US or maybe to Canada over the next five years at it. So it's a global problem. It's called stagflation, right? So you have low growth because your productivity is trashed and you have less workers to do stuff so everything becomes more expensive. And you're seeing that slowly. I mean, I'll give you an answer. anecdote. My car, I had an Audi A6 that I brought to Maui in 2014. It was a 2011. I took good care of it. And it got into a little fender bender. And the radiator got damaged and the right left panel was just, you know, it was injured, but like they could replace it. So it wasn't trash. It wasn't total. I couldn't get my car to a body shop because they were full because they had parts shortages and labor shortages. So my car sat in my driveway. This happened July 14th. I went back and forth with the insurance company because I was hit. I was at a stop sign, so it was no fault of mine.

And finally they go, look, we're going to trash your car. We'll give you, my blue book was six. They said, we're going to give you 10 grand. I go, whoa, whoa, whoa, you guys aren't saints. Why are you giving me 10 for a six? That, you know, I'm in Wall Street. I made no sense. Then I come to find out, well, eventually they told me that we're, you know, we're going to take your car sell it for parts. So there's, you know, basically there's no parts, there's no labor. So I call it it, it's like a glacial mad max. So this is just going to, and you know, I'm, I don't know if you notice this in Canada, but certainly on Maui restaurants that used to be able until 10 at night, close at eight, because they don't have enough people. So this is what's going on. It's like this,

we're just going to see our quality of life degrade over time. We're going to see it's going to be hard and harder to get treated at hospitals because, you know, Everybody in the healthcare system was mandated. And I'm already hearing anecdotes. Radiologists have contacted me via LinkedIn and said, you know, you're right, Ed. What used to take a day for us to analyze, you know, you know, some of these scanning instruments

now takes two weeks because we don't have enough radiologists. Like, because you know, just people either refuse to get the job, they quit, or they're sick. Or they're disabled. So we, this is slowly going, on. It's like the elephant in the room. I mean, I tried to, I went to Senator Ron Johnson in December and said we have a national security issue. I don't think you necessarily disagree, but he feels helpless too. This machine, this machine just continues to slowly roll. The pushback is the, is the

peasants waking up. So I'm trying to wake up the peasants. And by the way, if you got 10 billion, you're a peasant. You're not in the game. I mean, and that's why some of these billionaires are freaking out. They're like, I'm not in the club. I thought I was. I'm not in the club. Yeah, and I'm, if they're a peasant, well, I mean, I guess we're all in this, I just think of, I don't know what's under a peasant folks, but Sean's certainly there. I'm having, having interesting conversations along the way doing it, but I'm like, it's certainly at the peasant level. It's, you know, the thing we got going on here in Canada, like, I mean, obviously inflation, you don't have to tell the listeners anything more about that. They're all seeing. Right.

As far as parts and shortages and timelines and everything, everybody's seeing it. You know, we got the carbon tax is going to triple by 2030. So regardless of anything else, that alone, things are going up. Things are just constantly going up. And you wonder, you know, I've heard different things. And I can't remember I had a buddy who was talking when he heard you were coming on about deflation, whether we were going to experience inflation or deflation. And we're like, well, obviously we're sitting in the middle of inflation.

Do you have any comments on deflationary things happening here in the future? Yeah. So we're going through a credit collapse at the moment. So there'll be a deflation ahead. So everything's going to crash financially. But then there'll be a response from the global governments and the central banks. And they'll try to reinflate because the banking system, it's called inflate or die. Deflation is the death now of the banking system.

So as we deflate and we will because credits contracting, we're going into a deep recession in Q3 and Q4, there will be a response. And the response will be from the central banks and the global governments to try to reinflate this. The only narrative that really works is war. Because to reinflate this dead horse is going to take a war. Because that's traditionally how they get out of these things.

So if you look at my friend Tim Wood, he's a cycles analyst. He's looked at six economic cycles as measured by the commodity cycles since 1800. And before, so you have a deflation. Then there's a war. You reinflate. Then you have another. It's the war gets you out of it. And our central banking system is a cycle of war, peace, war, rebuild, destroyed.

You know, it's just an never ending cycle. of war, peace. If you see what, you know, I don't follow it as closely as some, but I follow it enough, you know, with Russia, Ukraine and certainly a bunch of things going on on that side of the planet, it feels like we're trying to drag ourselves into war, you know? It's just that the public isn't really in the mood for it, or am I seeing that differently than you at? No, the public, no, the public is not in the mood.

The propaganda to get people in the wars is tougher. You know, people used to fall for it very easily. Now people are very suspicious. What I think is going to happen is China has a bigger debt problem than we do, and they're imploding as we speak. So in 2020, they hit a demographic wall. My partner, Carlos Allegria, wrote a book on it, Economic Cycles, Debt and Demographics.

And they hit a demographic wall, meaning their population is now declining. And when, and economies, demographics is destiny. So when your population's growing, your economy is growing, everything's good, everyone's happy. When the population declines and you have a lot of debt, it's harder and harder to service that debt and you go into decline. Well, China is in decline. They're imploding. This COVID-Zero policy is nothing more than cover because they're trying to prevent bank runs, food riots, employment riots. that's what COVID zero is over there.

And so they're imploding. And if you're in power and you're at the CCP, are you going to blame yourselves? Or are you going to try to create a boogeyman? Well, they're going to create a boogeyman. That boogeyman's us. And I don't know if you noticed, but Warren Buffett bought Taiwan Semiconductor

in the third and fourth quarter of 2022. And then this year he sold it all. He doesn't flip things like it. He had like $8 billion or something like, or $4 billion. and some of the huge amount of money in the stock. He sold it, and he cited, I'm concerned about war with Taiwan. So if Warren Buffett's concerned about war, I'm concerned about war, we're going to war, unfortunately,

unless we the people rise up and fix this, which, you know, I'm hopeful, but, I mean, like you said, you can't even get people to look at the WEF website page. Well, it's just, it's just, man, it's just, it's so, you know, you can see the, when you talk about the propaganda and you get, you just see it on that, you know, the, the, the, the, the, the, the, the TV or whatever, you just, you just, you know, like, oh my goodness, right? Like, this is absurd. This is absolutely absurd. And yet, we just seem to march closer and closer and closer to it. And I, I, I keep wondering, you know, like, uh, first off, I love that line. I, I don't know if I've ever heard that before. Demographics.

is destiny, I think is what you said. Yeah. That's a fantastic line. And by the way, the governments of the world don't want you to know that because if you know that, you can figure stuff out. They want to keep everyone in the dark on that. That's one of those things they don't like to promote. Is demographics as destiny?

Yeah, they don't want you to know that. They don't want you to know that this system of economic growth is really about, you know, how your population is expanding. If you look at what happened after World War II, we had the baby boom. Those baby boomers have been driving our economy since their birth. It was such a huge demographic bubble. And everything, that's why the boomers are so powerful and so rich, because they, you know, they grew together and, you know, built up an economy together out of the 50s.

So do you look at like declining birth rates and all that? and you're just like, it's a tell-tale sign of where we're heading them. Yeah, like, let me talk about the euro. So, you know, the euro is going to go by-by. And why do we know that? Because of demographics. Southern Europe has a demographic problem. Their birth rate is below replacement rate.

So you got these over-indebted southern European countries that don't do much in the way of productivity with declining birth rates. And then you got the Germans who are carrying most of the load. And eventually that's going to, break up because you know the people that are doing the work and can support the people that aren't doing the work And I'm talking in total. It doesn't mean that you know there are people in Italy that don't have jobs doing so but in in the big math scheme Those southern European companies can't support the debt that they've accumulated and and that's now on the shoulders of the German so the euro is destined. It's not a question of if but when it blows up and and it dissolves So again demographics are super powerful super powerful

super powerful. Yeah, when you talk about the Euro well I this is Well Sean one other things So if you're trying to understand Why we're letting an invasion at the border Go on

Because the more people we let in The US with all these people running around Even though they're not all productive Our The US demographics aren't as dire As the rest of the Western nations And so part of this immigration Fiatian

is those in control knowing we need more people inside so we can support our debt. You're saying, just so I'm hearing this correctly, the reason why they don't fix the problem at the border, is because people up top know they need more people inside the U.S., whether they're illegally or not, to help sustain what is going on. Correct. Man, that's a... That's something to think about for a second. Because I mean, like here in Canada, of course, we have, you know, a bunch of different things with immigration going on.

And the amount they're talking about bringing in over the next, I forget what the timeline is, but it's a monumental number where you're like, where are all these people going? Like, I just, I don't fully understand, right? Well, and also it's a replacement strategy, too. So, like, you have workers in Canada and the U.S. who have claims on pensions, Social Security. and I don't know what the pension system in Canada is. But, you know, so you bring in all these illegals and these, what have you, and you start to elevate them and maybe, I'm not saying this occurred, but maybe introduce a vaccine to make sure those people don't get their pensions.

And then you have these lowly educated peasants who will be more compliant. I'm just saying, if I'm just saying, If I wanted to take care of a pension problem and a demographic problem, that's what I would do. But it's pure speculation. I'm not in the room. Yeah. Well, the thing is, it's just like there's such, you know, like how many people are paying attention to the pension problem or to, you know, X, Y, Z? Certainly there are.

But for the general population, they're worried about, you know, the ball game on. And I'm like, I'm talking from a guy with three young kids. I'm worried about soccer practice tonight and like trying to make sure I get there and get the kids fed and watered and put to bed and everything else. And I just, you know, I would never... It's not that I would never.

It's said I don't know if I would connect those dots if I didn't have you on it to like just kind of paint it. Well, you know, look, I'm blessed. I'm 56. I have three beautiful children. And like yourself, when I was in the midst of that, I was working on Wall Street. I was working 80 hours a week and then I had to come home.

Like, when you're in it, it's hard. But now I live on Maui. I'm kind of like I got divorced five years ago. So I just sit around thinking a lot, using my old skill set to kind of, you know, transmit what I know. So, you know, I'm blessed in that. I have the time and luxury to do it. If I was in your situation, I would probably be just exhausted at the end of the day, put my head down on my pillow. It's funny.

It's funny. Before we started this interview, I was laying, I had turned off the lights in the studio, and I was laying on the floor, I set my timer for eight minutes. I'm like, I'm going to try and take like a five-minute nap. I just need to close my eyes, which is hilarious, but it has been a long 24 hours. In the best possible ways, I don't mean that in a bad way at all. With a few minutes here before I let you go ahead, and I really appreciate you giving me time this morning, I just had a couple of thoughts then from a guy with kids who's trying his best to navigate these,

these like, I didn't even know, rough waters, feels like it's an absolute, you know, once in a century storm out on the ocean kind of thing. I've heard multiple different things. And I guess what I want to talk to is money, right? Or investment. And like, you see all these things playing out. You see war on the horizon.

You see inflation going up and up and up. You see different talks of like, you know, the U.S. dollar is going to be safe. At least for a while, things will flee there, and then eventually it falls off a cliff and it goes down and different things like that. When you look at Canada and you see what's going on here and, well, certainly what's going on in the United States, where do you see the place to try and direct your efforts if you're just a guy trying to make it buying, you've got kids and everything else? Do you look at the U.S. dollar is safe or gold or silver? What are your insights or thoughts on the matter? Since early 2022, when the stock market peaked in the U.S.,

I've been telling people there's a storm coming. The best thing to do when a storm's coming in a deflationary storm or financial assets are going to go lower is you move off to the sidelines called cash. And cash can be in a money market fund or in a money market fund. or in Treasury direct. You buy T-bills and you roll them every month at the government website. You know, you get a wire transfer and you do it. Right now, the Treasury, the Fed, is paying you 5% to sit and wait.

So even though inflation is higher than 5%, people say, oh, but, you know, inflation's higher. Well, if stocks go down 50, 60%, you'd rather have your money earning 5 than going down 50, 60, right? So that's what Warren Buffett is doing. Warren Buffett is in cash waiting for bargains. And do what the big boys do. The big boys are in cash waiting to buy when everybody else pukes. And don't be one of those people that literally sells everything at the bottom because that's how emotions work. And even though I know this, during the great financial crisis, at the bottom in 2009,

We on Wall Street were scared out of our pants. We were like in absolute abject fear in March of 2009. And I was talking to one of my friends who also managed a large cap growth portfolio at American Century. And I said, Prescott, I'm scared. And he said, I'm scared too. And then I said, we should probably be buying. And then we did, we turned our, we started buying. We bought, you know, in video, which is a 300,000.

which is a $300 stock that we bought it at you know $4.12. So you have to do the opposite of what your emotions are saying. So right. So go to the sidelines, relax, put your money in some safe U.S. Treasuries, watch the storm pass. And then when all your friends all around you are vomiting, that's your buy signal. That's your buy signal. I'm not joking. That's how it works. You know, it's funny. I was, you know, I was wondering what's sitting down with Edward Dow was going to be like? And man, you have a way with just making me, like, it's just perfect. I think I could do this all day long. This has been a ton of fun.

One maybe final question before I let you out of here then. You know, everybody's staring at some of the failing banks. And, you know, the question that I, the question that I got posed to me this morning before I walked in here was about U.S. banks. And it was kind of, this was, I hope I caught this right. But what I wrote was the failing U.S. banks, and what do you see in this world, and we'll extend to Canada as well? I hope I caught the gist of that, right? But certainly people have been paying attention to that as another signal or sign of things to come.

So I think in Canada, your banking system is a little different than that you have mostly large banks that are monopolies. You don't have a bunch of regional banks, correct? We have credit unions and we certainly here in Alberta we have the ATB which is a provincial bank But then you have the main are the main ones you got a royal Bank of Montreal Nova Scotia So there's certainly some big big ones but then there are the credit union Yeah, so I think your market shares more concentrated to the big one so what's gonna happen in the US is the regional banks are gonna A lot of them are gonna fail and get consolidated so at

the end of this storm, there'll be consolidation in the U.S. So it's not the end of the world. But I will say it's easier to introduce the central bank digital currency when you have fewer, less banks. So that's now whether or not that's the game plan or an unintended consequence, that's what's going to happen. So, you know, I bank a bank of Hawaii here in Maui and their stock has gone down. But as far as I can tell, they're not involved. a bunch of nonsense and they lend mostly to businesses in Hawaii because we we don't have like Bank of America here in Hawaii. We have just, you know, Bank of Hawaii, First Hawaiian, we have credit unions. So like the state of Hawaii has kept the big banks out. They're the only game

in town. So I think they're going to be okay. Well, sir, I've really appreciated you doing this, giving me some time this morning. I thoroughly enjoyed the conversation. And, you know, I don't know where, you know, the old storm will come, go, you know, how hard it will get everything else. But either way, I look forward to, you know, at some point, if I can, pulling you back on the show because I think you've really, you know, enlightened not only myself, but I'm going to assume the audience as well. And I appreciate you coming on and doing this. Yeah, absolutely. And one piece of advice to everybody listening, look, you know, I don't have crystal ball. and given my best guess.

But one thing you should all do, if you are awake and you know what's going on, find other like-minded people and form loose networks of just friendships, where if the S-H-I-T really hits the fan, you've got people to rely on that are in your foxhole that have the same values as you. What you don't want is someone figuring this all out at the bottom and freaking out in fear trying to steal your stuff. So get, you know, get your foxhole teammates align now and it doesn't have to be organized, just loose networks of like-minded individuals.

Yeah, and I would say on that thought, I see a lot of that, like a lot of that going on. Specifically, you know, we're rural Alberta, rural Saskatchewan here, you know, there's a lot of that going on already. I don't know how many guns and bullets. It kind of feels like probably the south of. of the United States around here, right? People certainly enjoy having, being locked stocked, or being full up on that, I mean, and certainly those conversations have been going on now for at least, if not the, longer than the last year. But it's good advice regardless. All right. Well, listen, thanks, Sean. I appreciate your time. Yeah, thanks for coming on once again, Ed.