September 18, 2024 • 26 mins
Today, the Two Mikes again spoke with Joe Lombardi, the Founder and Managing Partner of
Iron Hawk Financial about the current state of the U.S. economy. As all of us know, Mr. Lombardi said, things are not good economically, and he said that over the next six-to-twelve months we are all going to feel even more pain. The Congress’s egregious and absurd over-spending has put America in debt to the sum of $35 trillion dollars, and in terms of unfunded liabilities Americans’ face another $218 trillion. Mr. Lombardi also suggested that people refrain from viewing view Bitcoin as being “too big to fail” because it is not, it was created by the U.S.
Government and the CIA and those entities will also decide how long it lasts. And there seems no limit to the fiscal irresponsibility of the both parties in Congress. In addition, he noted that car repossessions are also up about 300-percent over the past year. Faced with this kind of pending economic collapse, Mr. Lombardi suggested that citizens think about investing in mutual insurance companies as a means of protecting their money. He explained that, over the past 180 years, mutual insurance companies have come through all of the wars and economic downturns without having lost money. A person’s investments in these insurance companies also are easily accessible and tax free.
There are not a lot of options for the average person to protect their money, but this is one that is available to all Americans and ought to be considered. Mr. Lombardi concluded by offering to send PDF copies of his three books – all focused on helping people to protect and increase their money -- for free to those who send an e-mail asking for them. The Two Mikes look forward to Mr. Lombardi return to the show.
--Iron Hawk’s website is https://www.ironhawk.com; Mr. Lombardi’s e-mail is
Joe@ironhawk.com; Mr. Lombardi’s podcast “Money Talk with Iron Hawk” can be listened at
7pm Eastern time on Tuesdays On Bushwick and Apple, and a weekly webinar is offered on
https://moneytalkwithironhawk.com/
Follow Freedom First Network on Pickax at https://pickax.com/freedomfirstnet
Elevate your meals with Freedom First Beef… even if you find yourself in the middle of the apocalypse! Use code TWOMIKES for 15% off and enjoy high-quality beef whenever you crave it – today or tomorrow! https://freedomfirstbeef.com
Be ready for anything life throws your way with The Wellness Company's Medical Emergency Kit. Order today using code TWOMIKES for a 10% discount at https://twc.health/ffn.
Protect your financial future with precious metals! Use code TWOMIKES to get your FREE Gold and Silver Guide from Genesis Gold today and take control of your financial destiny! https://pickaxgold.com
Unleash the spirit of liberty in every cup with Freedom First Coffee's Founders Blend. Order now using code TWOMIKES and savor the unparalleled taste of freedom in every patriotic sip. https://freedomfirstcoffee.com
Iron Hawk Financial about the current state of the U.S. economy. As all of us know, Mr. Lombardi said, things are not good economically, and he said that over the next six-to-twelve months we are all going to feel even more pain. The Congress’s egregious and absurd over-spending has put America in debt to the sum of $35 trillion dollars, and in terms of unfunded liabilities Americans’ face another $218 trillion. Mr. Lombardi also suggested that people refrain from viewing view Bitcoin as being “too big to fail” because it is not, it was created by the U.S.
Government and the CIA and those entities will also decide how long it lasts. And there seems no limit to the fiscal irresponsibility of the both parties in Congress. In addition, he noted that car repossessions are also up about 300-percent over the past year. Faced with this kind of pending economic collapse, Mr. Lombardi suggested that citizens think about investing in mutual insurance companies as a means of protecting their money. He explained that, over the past 180 years, mutual insurance companies have come through all of the wars and economic downturns without having lost money. A person’s investments in these insurance companies also are easily accessible and tax free.
There are not a lot of options for the average person to protect their money, but this is one that is available to all Americans and ought to be considered. Mr. Lombardi concluded by offering to send PDF copies of his three books – all focused on helping people to protect and increase their money -- for free to those who send an e-mail asking for them. The Two Mikes look forward to Mr. Lombardi return to the show.
--Iron Hawk’s website is https://www.ironhawk.com; Mr. Lombardi’s e-mail is
Joe@ironhawk.com; Mr. Lombardi’s podcast “Money Talk with Iron Hawk” can be listened at
7pm Eastern time on Tuesdays On Bushwick and Apple, and a weekly webinar is offered on
https://moneytalkwithironhawk.com/
Follow Freedom First Network on Pickax at https://pickax.com/freedomfirstnet
Elevate your meals with Freedom First Beef… even if you find yourself in the middle of the apocalypse! Use code TWOMIKES for 15% off and enjoy high-quality beef whenever you crave it – today or tomorrow! https://freedomfirstbeef.com
Be ready for anything life throws your way with The Wellness Company's Medical Emergency Kit. Order today using code TWOMIKES for a 10% discount at https://twc.health/ffn.
Protect your financial future with precious metals! Use code TWOMIKES to get your FREE Gold and Silver Guide from Genesis Gold today and take control of your financial destiny! https://pickaxgold.com
Unleash the spirit of liberty in every cup with Freedom First Coffee's Founders Blend. Order now using code TWOMIKES and savor the unparalleled taste of freedom in every patriotic sip. https://freedomfirstcoffee.com
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Hi, this is Colonel Mike, and we got your emails
and we got your texts on where have we been,
why our shows are a little bit slow, Why we
haven't been doing more shows? Well, it was summer. Mike
and I took a little break. Our producer who has
some other work to do.
Speaker 2 (00:20):
He's took me a.
Speaker 1 (00:20):
Break and he's out on his other jobs besides doing
our show. Okay, and we want to call him projects seven.
He's always looking for another project. So I think he's
up to number seven now, all right, And hopefully we'll
get some of the former guests on which we really
love to have back on, you know that, and we'll
(00:41):
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We're trying to fix that right now.
Speaker 1 (00:58):
Also, you could find us on America out loud dot
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(01:19):
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You find us, and soon we'll be going on some
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Speaker 2 (03:16):
All right, that's a long intro, but you.
Speaker 1 (03:19):
Know I haven't done it one in a while. I
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Speaker 2 (03:30):
All right, thank you very much.
Speaker 3 (04:02):
Five for bree you one hey, welcome back your own
two Mikes, doctor Might to Shower, New York Times bestselling
author and Colonel Mike, who's really lazy today anyway, Welcome
back to the two Mikes.
Speaker 1 (04:14):
Don't forget to go to two Mikes dot us, two
Mikes dot us and visit our sponsors. By the way,
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discussed this before we started recording, and you can see.
Speaker 2 (04:28):
Where we are.
Speaker 4 (04:28):
We're in the top one point five percent globally, so
thank you world community, and thank you to America.
Speaker 1 (04:35):
That's eighty percent of our audiences right here in America.
Let's go to the screen. We got Joe on.
Speaker 2 (04:40):
Joe is back.
Speaker 1 (04:41):
You want to talk about money. I know you a
dollar ain't worth a dollar and you can't holler at
the dollar.
Speaker 2 (04:47):
Welcome back, Joe Lombardi. How are you?
Speaker 5 (04:50):
I'm good, good, good to be bad.
Speaker 2 (04:52):
You can put your face on a scroll.
Speaker 1 (04:54):
There he is the iron He's got the Iron Hawk logo.
Look at this. Joe's got his helicopter outside. He's ready
to roll. Look at Zamus. Okay, so Joe, what's happening.
What's new since we last spoke to you. It's been
a couple of months. Tell us the newest thing you're doing.
Speaker 6 (05:10):
Yeah, I mean the newest thing is trying to protect
people from the upcoming market crash. We saw a big
hiccup on it when you know, a week now, going
on two weeks, we saw the Nikai in Japan drop
twelve points in a day, which is sort of a
red flag if you ask me. So people are trying
to find avenues, say what the heck? I got to
(05:30):
get out of the market.
Speaker 5 (05:32):
But then you.
Speaker 6 (05:32):
Got inflation sitting there with a baseball bat, like you
sure you want to put your your money on the
sideline there, because I'm going to come and take seventy
eight percent of it with just the you know, the
rising cost and the deflation of your dollar. So people
are like stuck between a rock and a hard place,
and they're looking for different avenues to put their money
(05:53):
where they you know, can't lose, but historically are covering inflation.
You know. So I've been rolling over in the last
two months, probably about eight or nine million dollars of
clients' funds into fix indexinuities, and over three hundred and
fifty billion dollars has gone into it in the last twelve.
Speaker 2 (06:11):
Months inities three billion dollars.
Speaker 4 (06:15):
So you're telling me right now, and Mike on this
show that Lala Harris. And by the way, I want
to thank David Knight putting that name out. David Knight,
you spirit Alex Jones. He calls her Lala, and I
think it fits a perfect Lala Harris. So when they
heard Lala Harris was going to be the candidate, the
markets just went ballistic.
Speaker 2 (06:34):
Huh.
Speaker 6 (06:36):
Well, I mean, nobody wants the giggler of Gotham City,
you know, like that's not going to be, you know,
the the person that's going to lead us to prosperity.
So it's it's uh and she's hilarious.
Speaker 5 (06:51):
When I'm president, I'm going to do all that. I'm like, you,
you didn't do sh then even there, you could.
Speaker 6 (06:59):
Have done anything wanted, Like what are you talking about?
Speaker 2 (07:03):
And also she is she is a rhyme in Simon.
Speaker 4 (07:05):
She's like a she's like a bad rap utist, you
know where to be about what it be, because it
be about when it was.
Speaker 2 (07:12):
I mean, the girl she can't put a sentence together.
Speaker 5 (07:15):
You know how she got there.
Speaker 6 (07:16):
I mean she had the golden golden kneepads brought to
her by her family that got her to the top.
You know, she's she's she's always used her head, is
what I heard. You know, So she's she's just a
very smart, smart person, you know. I mean if Kim
Kardashian can become a billionaire by doing it, I guess
she could become president.
Speaker 5 (07:36):
By doing it.
Speaker 6 (07:36):
I mean that really there shows us how powerful you know.
Speaker 2 (07:40):
Joe, I didn't. I didn't. I didn't.
Speaker 4 (07:42):
I didn't TRADEMARKT And somebody, a friend of mine who's
a lawyer, said I should have did it. You know,
I came out I don't know what thirteen years ago,
Mike with the grifter, Yeah, yeah, I said, you know,
the grift with the politics was a grifters in Grift
And then I said, you know, the only reality show
we miss it on TV is you know, uh like
you know, Whos Are Real or something like that, you know,
(08:04):
because all of these woers became billionaires putting makeup on
and clothes and all that stuff, you know, and the
parents were pimping them out there and they're doing very well.
Speaker 2 (08:12):
You know, Oh the Housewife of Whos or something like that.
One of those kinds of things, you know.
Speaker 6 (08:18):
That it's it's one of those things where.
Speaker 5 (08:23):
We are the laughing stock, to say the least.
Speaker 2 (08:25):
Tell me about it, Joe.
Speaker 4 (08:26):
I talk to people around the world all the time, Joe,
and everybody wants to know what were we drinking and
what are we continuing to drink? Is it in the water?
I'm telling you it's no joke. They're like, you're the
last bestion?
Speaker 2 (08:42):
So how do we go? How do we get at it?
If you go down?
Speaker 1 (08:45):
So tell us how does our how does.
Speaker 4 (08:47):
Our listener get out of this if they have money
in the bank, checking account, savings four oh one, Keo, Roth, Schumer, Harris.
Speaker 6 (08:57):
Whatever, Yeah, I mean it's pretty simple. I could go
over strategy that survived the Civil War, World War One,
the Great Depression, World War two, never lost any money.
And that would be insurance companies, that would be mutual
triple A rated insurance companies. That's where all the millionaires
(09:17):
and billionaires are putting their money. They're realizing that the
banking system can't be trust. Look what happened to Silicon
Valley Bank with crypto. Look what happened to Signature Bank
with crypto. Look what happened to FTX. You're talking about
tens of trillions of dollars disappear overnight. You take a
(09:37):
look at insurance companies. Civil War fine, Great Depression, fine,
World War one fine, World War two, Fine, don't lose anything.
Money is there, It's liquid.
Speaker 2 (09:47):
Isn't that where all the rich people put their money?
Speaker 6 (09:49):
Though?
Speaker 2 (09:49):
Joe?
Speaker 5 (09:49):
Truthfully, the multi strategy absolutely yeah.
Speaker 6 (09:53):
That's what I've been specializing for twenty one years. It's
it's all about trying to leverage IRIS codes built on
the back of insurance policies, and it's all about the strategy. Right,
you have the Irrevocable Life Insurance Trust, you have the
life insurance policecos into the Irrevocable Life Insurance Trust. Now
it's out of your state upon death. Because it has
its own tax id, you can pull the money out
(10:15):
if you need it, depending on who you make to trustee's.
It's what the wealthy people do for the simple fact
that if you had a choice to have the money
taxable or tax free, you would choose tax free. If
you had the choice to have access to your money
or lock it up to your fifty nine and a half,
you would say access. If you had the choice to
let it compound and grow without having to touch it,
(10:37):
or have required minimum distributions where the government forces you
to pull money out of your account at seventy three,
I'm sure you would choose the one that doesn't have
the force whether to take money or don't take the money.
If you had a choice whether the market crashes or
do you want to embrace all those losses and basking
a twenty to eighty percent loss? Would you like to
be guaranteed you can't lose if the market goes up.
(10:59):
Would you like to get one hundred and forty percent
of the market of the sp five hundred what like,
and you can't lose?
Speaker 5 (11:07):
Yes?
Speaker 6 (11:08):
If you need long term care, would you like thirty
thousand a month cash tax free. Do you accelerate the
death benefit if you're sued? Do you want them to
be able to take all your money or would you
want hippa Remember hippo with COVID, nobody's supposed to know
your health stuff. Would you want hippa to protect your
money from lawsuits where it doesn't mean to exist? Like
I can go on and on and on and on
(11:29):
and on, like do you want to pay twelvey one
fee class A share fund, feed money manage I fee
in you accountf you meet your fund expense fee?
Speaker 5 (11:36):
And if that's a point.
Speaker 6 (11:37):
In half you've done for thirty years, that's forty five
percent of your money simple, which is over half of
your money compounding. So you'd want Wall Street to take half,
and then when you need the money, you want the
government to take the other half. And so you net
a quarter of your own money. That sounds uh, that
sounds great.
Speaker 2 (11:52):
So sounds like Social Security they give you zero for
ten thousand.
Speaker 6 (11:57):
Mm hmm, yeah, it's it's uh, Well, don't know if
you've been to the US Debt clocked Out org recently,
but we're over thirty five trillion dollars in national debt.
We're over twenty seven trillion dollars in stolen money in
Social Security, We're up over forty one trillion dollars in
stolen money in Medicare, and we're up to over two
hundred and eighteen trillion dollars in US unfunded liabilities over
(12:21):
the next ten years.
Speaker 4 (12:22):
That's the question I was going to ask you. I
was going to say, here's the smart guy. Could you
repeat that number?
Speaker 6 (12:27):
Yeah, so US debt is over thirty five trillion.
Speaker 2 (12:31):
Huh No, the last one, Joe, the.
Speaker 6 (12:32):
Usd funded liabilities is two hundred and eighteen trillion dollars
two eight times, six times more than our entire national
debt is just in unfunded liabilities.
Speaker 4 (12:44):
So I had this discussion with Mike the other day,
and I said, Mike, everybody else around the world takes
money from the World Bank WF whatever, and then IMS.
And then what do we do, Joe. After we we
let these people take the money, we do one of
these recycle re reevaluate it. We said, all right, well
(13:05):
we'll take a haircut. We gave them two billion, We'll
let them pay us back five hundred million. It's called
a haircut or whatever. Why aren't we doing that? As
an American, let's just say to everybody, Hey, we supported
the war for all these years since World War Two.
Guess what we're going to go chapter eleven, thirteen seven,
whatever you want to call the number right, and guess what,
We're gonna give you some pennies on the dollar and
(13:27):
we're going to start all over.
Speaker 2 (13:28):
How would that.
Speaker 6 (13:29):
Work, Joe, Well, in my opinion, how that is going
to work is they are going to steal the bitcoin
ethereum crypto market that the CIA built, and they're going
to crash the crypto economy and then steal all the
infrastructure to bring in the Central bank digital currency. Yeah,
(13:49):
you go by design all this time, and if the
government didn't want crypto out, it wouldn't be out right.
The government is the one who was using crypto in
the beginning. It's on the black market. That's how drugs
were bought, guns were bought, cocaine, women, children, sex, slaves,
human trafficking, organs, adrenochrome, blood that old people drink to
(14:12):
feel young. All that was able to be bought and
sold on the black market using crypto made by the government.
So they don't have to sit there and have a
palette of cash and drop it off. You know like
the old coke cowboy movies where the guys coming over
with you know, Tom Cruise on the plane and dropping
off piles of money, and then he's going over here
dropping off piles of cocaine. And now it's all done
(14:33):
through the post office legally, and then the currency is
done through crypto.
Speaker 5 (14:38):
That's how it started.
Speaker 6 (14:39):
It was a black market currency, and then it kept
getting bigger and the government was sitting like, Hm, we
can use this, right, we can. We can use this
to have the peasants, us citizens build it for them,
build our own prison. We are building our own prison.
Speaker 4 (15:00):
It is just like a pump and dunk. Joe's pretty
much like a pump and dope. They could dump you
any time.
Speaker 6 (15:05):
Right, any time. That so, what's gonna happen? In my opinion,
it's like, oh, cryptos too big to fail, But no,
no it's not. And what they're gonna do is all
they have to do is change loss.
Speaker 2 (15:15):
Right.
Speaker 6 (15:15):
I just talked about this the other day. It's all
about like crypto and the JAB. It's when they wanted
us to take the JAB. What did they first say, Oh, well,
we'll buy you a taco at Taco Bell.
Speaker 5 (15:28):
If you get the job, we'll buy you.
Speaker 6 (15:30):
A cheeseburger from Burger King if you get the JAB. Right,
they were giving you, like any minuscule reason to get
the JAB. And then all the broke people and hungry people,
you know, and the people that eat and love fast food,
they went there and got the job.
Speaker 5 (15:45):
You get a free donut at Dunkin Donuts. Oh my god, yeah,
I'll go.
Speaker 6 (15:47):
We get an experimental medical procedure, give me a free
glazed donut.
Speaker 5 (15:52):
Woo hoo.
Speaker 6 (15:53):
And so the first is gonna be bribery. Then when
that didn't work with the JAB, what was the next
thing they did? Oh, well, if you don't get the job, job,
you can't get on airplanes, you can't go on cruises.
You know, you know, it's it's it's sad. And then
what was the last thing they did. You don't get
the job, you don't eat, you're firing you.
Speaker 5 (16:12):
You're gonna die. So they're gonna do, in my opinion're gonna.
Speaker 6 (16:16):
Do the same thing with h with crypto. They're gonna
offer some sort of buyback bonus, a percentage bonus to
convert your bitcoin over to the to fed fed now
coin or fed coin or whatever they rebrand it, and
people are gonna say, okay, can give me a free
ten percent on my money, Like, all right, I'll take it.
And then they're gonna go to all the miners and
they're gonna say, hey, instead of you mining bitcoin, if
(16:39):
you mind, fed coin will give you an extra ten percent.
Speaker 4 (16:42):
Oh you mean the miners who drive the ev cars.
Speaker 6 (16:48):
Well, the whole point of pushing the electric vehicle is
is to cancel.
Speaker 5 (16:52):
Your ability to move freely.
Speaker 6 (16:54):
Because we all knew what a sovereign citizen in and
we all knew how we can travel freely. That they
don't have a right to give us all these licenses.
When we get a license, it gives up all our rights.
We get a driver's license, gives right right, We got
a fishing license, a gun license, it gives up a lot.
Speaker 5 (17:12):
Of our rights.
Speaker 6 (17:12):
And people don't really understand that. So and I think
the movement of people moving freely in our country was
getting bigger and bigger and bigger, people standing up to
police officers, not the cops, not knowing the law. And
so I think they're realizing that we're waking up. So
they're like, well, if you push electric vehicles, and that
guy has a bad social credit scorks and in terms
(17:33):
to China with Central Bank digital currency guests. So we're
gonna do turn off his electricity. If he doesn't have electricity,
can't go anywhere.
Speaker 4 (17:40):
That was another giveaway, Joe. Remember they gave you a
nine thousand dollars rebate. Wow, and you could take it
off your taxes that you don't even have. You don't
have enough money to take that deduction. They had people
making thirty thousand a year buying sixty thousand dollars cars
that couldn't deduct that money.
Speaker 2 (17:58):
And they're like, who got remate? Yeah? How you going
to take it up your taxes if you don't make
the money right.
Speaker 6 (18:06):
And the funniest thing is California came out with with
electric car tax because nobody was buying gas. All these
crazy hippie liberals, so like all of them got got
electric vehicles and they're like, hey, we're not making any
money on the tax on the gas tax.
Speaker 4 (18:22):
Well, I'm looking for an investor. I have a new idea, Joe.
If you know anybody I know you know a lot
of rich people. Mike and I are going to go
partners We're going to open up mini motels next to
the EV charger because it takes that long to charge
your car.
Speaker 2 (18:34):
You didn't want to take the snooze.
Speaker 6 (18:37):
Yeah, I would start building those you know, those car
washes that pull the cars. Going to be so many
dead electric vehicles waiting there to go on, so they're
gonna need to sit there for three hours in the
in the assembly line until it's their time to plug in. Yeah,
these guys are freaking I don't know. In my opinion,
it's like, did I want to drive a go cart?
Speaker 4 (18:56):
Okay, I know you shot on time? Come on, give
us the pitch. What's the address? Do all your stuff
you want to do? Because I know you show it
on time today.
Speaker 6 (19:04):
Yeah, you guys can all go to www dot ironhawkfinancial
dot com if any of your listeners won all three
of my books, and the last time I did this
show at about twelve people that asked for my free books,
I sent them all out.
Speaker 2 (19:16):
So did you said, that's a copy with a host?
My gosh, Mike, we get freebies and this guy don't
send them.
Speaker 5 (19:21):
They're pds. But yeah, I'll send them to you.
Speaker 2 (19:23):
Okay, but.
Speaker 5 (19:25):
Go save on costs, baby, but no.
Speaker 2 (19:28):
You're smart, Joe, do pdf.
Speaker 6 (19:30):
You're right, and any of your listeners want copies of
my books, being your own bank, there's a better way
than a four on one K long term care without
long term pain. These are books that teach you how
to save millions in taxes, how to leverage government IRS codes.
If you have my strategy and things happen, what's the benefits?
If you don't have my strategy and things happen, what
(19:50):
are your downfalls?
Speaker 5 (19:53):
Very simple reads.
Speaker 6 (19:54):
I'll also send you the two Forbes articles on my
strategy when by a certified financial planner or by a
sort of my public accounting. I'll also send you the
International Business Times article, the Market Insider Business Insider article.
So I try to get as much information out absolutely
free to your listeners. So if any of them want,
just write an email to Joe at Ironhawk Financial. That's
(20:16):
Joe at iron like the Metalhawk, like the Bird Financial
dot com. Just put free books urge on two. Mike's
uh interested in learning more. I just try and get
this information out there. I'm trying to free people.
Speaker 5 (20:27):
A lot of.
Speaker 6 (20:27):
People are slaves, you know, they don't really understand that
can people do.
Speaker 2 (20:31):
This from outside the country.
Speaker 1 (20:32):
Can they invest in this stuff outside the country.
Speaker 6 (20:34):
I just got clearance to get Canada, like literally two days,
three days ago.
Speaker 5 (20:40):
I've already had six meetings to bring money.
Speaker 2 (20:43):
That's Mike's wheelhouse. Mike, how do you say? How do
you say hello in Canada?
Speaker 1 (20:46):
What's that expression? I?
Speaker 2 (20:50):
Hey, hey, hey, hey.
Speaker 4 (20:53):
All right, maple syrup, Hey, maple syrup Canada.
Speaker 2 (20:57):
Don't forget to get into Joseph, Canada.
Speaker 7 (20:59):
Now, hey, yeah, one quick, one minute? Where to from here?
Is it just going to keep going down, going down,
going down?
Speaker 6 (21:07):
The So we saw the hiccup right, So that the
hiccup was the what's called the carry trade problem. Yeah,
there was too much money going from Japan. It was
going into the United States and other asset classes, and
Japan ran out of money, so they called their positions.
A lot of people had hard ill liquid. So what's
really happening with derivatives and everything?
Speaker 5 (21:26):
Again?
Speaker 6 (21:27):
I went overwhelming, bore your your clients, your listeners, But
it basically just comes down to there was an arbitrage
happening and it's been happening since.
Speaker 5 (21:39):
Geez, what do we have the O eight crash?
Speaker 6 (21:41):
Do mortgage back securities and they restarted mortgar back securities
back up in twenty fourteen, so we're ten years into
the mortg backed security derivative crisis that's going to come.
We have the car crisis at automakers are down twenty
thirty percent. They overpriced them these vehicles, so we have
a lot.
Speaker 5 (22:00):
Possessions are up three.
Speaker 6 (22:03):
Twenty percent of people are back on their mortgage or
in going into foreclosure or in foreclosure. So we are
in a position what's going to be an inflection point.
The inflection point is going to cause the derivatives to
be called. And so what's next from here is twofold.
They're either going to keep the market up on stilts
because Donald Trump's gonna win the election, and then they're
going to crash the election and they're gonna say Orange
(22:25):
Man bad and it would all be by design, just
like they brought COVID in, or they install you know,
the Giggler of Gotham City, which which would be very
bad for our country.
Speaker 5 (22:36):
Like you have no idea. You guys probably have an idea,
but the average person doesn't have an idea.
Speaker 6 (22:41):
So the we are going to be experiencing some sort
of let's say pain over the next six to twelve months,
and it's gonna come down to.
Speaker 5 (22:56):
Do you have food, you have water, do you have
m or is your money on the bank?
Speaker 6 (23:00):
Is it all taxable? Is it all in the market. Well,
if it is, you're screwed. So you have to diversify.
You have to diversify your market exposure, liquidity, your capital risk.
You have to diversify those things in the average person
doesn't and one hundred percent of their money and the
retirements in the market. They have no bonds, they have
no downside protection, and it's all in four to one
case in I raise, which is all taxable in their
(23:21):
liquid So diversifying those are like the biggest thing you
can do. Take your money. Look at fixing theexininuities you
can't lose they've been averaging over thirteen percent. That's where
I'm putting all my clients money right now because it's
just a safe haven for your money because you don't
want to be exposed when this crashes. So we got
(23:42):
the tremor right, and then after the earthquake, what comes
a tsunami. So I think we saw the earthquake a
week or two ago, and I think that's going to
eventually lead to a tsunami coming to the markets globally.
Speaker 4 (23:54):
And what do you say, quick quick question, what do
you say to an employee because one of our listeners
contacted be and they have they have to put this money.
I think it a four oh one or whatever. And
then and it's matched by the employer. Right, And she
said she wanted to get into something like your thing
and her employer says they can't match it.
Speaker 6 (24:13):
Why is that the So if let's say client's putting
away three four or five percent, it's matched up to
three four five percent.
Speaker 5 (24:20):
You can do that.
Speaker 6 (24:21):
I'm not legally allowed to tell you not to because
you're getting free money. But the free money you're getting
barely is going to cover your taxes. So what are
you really getting? But okay, cool, These iuls and strategies
be your own banking, infinite banking. It can be brought
to a business. It can be put in a deferred
(24:41):
cop plan. But if it's a big corporation, they're not
going to do that because they make so much money
on four oh one K is from a standpoint of
the more money that goes in, the lower cost it
is to them. Right, you got the the workers putting
in pennies, they're trying to max it out, right because
there there their accounts like, hey, we got to save
money on taxes and which which in my opinion, is done.
(25:04):
So there is ways that you can do this, to
key ma in. If you're the business owner, you can
put money into it through the business and then write
it off on the business, especially if you have guys
in your company that you want to retain. I can
go so complex and deep. But if you have a
four to one k to go up to the four
(25:25):
one k match and every other dollar needs to go
in this period.
Speaker 2 (25:29):
Okay, got you all right? Thanks so much, man, appreciate it.
Speaker 4 (25:32):
Thanks you you've got any other questions.
Speaker 7 (25:36):
Just to reiterate, you think moving money into mutual insurance
companies is a good thing to do.
Speaker 6 (25:43):
Absolutely. It has historical data that is factually correct. Right,
women lie, men lie, numbers don't lie, and the numbers
have shown in the last one hundred and eighty years
at the safest place for your money is insurance companies.
Speaker 2 (25:57):
Ky bad gambler. But I'll tell you what. Here's my bet.
Speaker 4 (26:02):
Trump wins if God allows it, Trump wins, and then
they crash the economy on him, and he gets the
Obama eight. You know, George Bush to Obama eight. Blame
everything on him, and that's why we should have won.
Or La La gets in and then hey, anything goes
when the whistle blows, you know what I mean?
Speaker 5 (26:21):
Yeah, I think she gets in.
Speaker 6 (26:22):
Then they slowly steal our rights in our economy. I
mean I was, I was so convinced Trump was gonna win,
and then they crash the economy on him. That's still
my number one, but I just feel an energy shift.
I don't understand why.
Speaker 5 (26:34):
But it's all right.
Speaker 2 (26:35):
Take care, Joe. Thanks, I know you gotta run.
Speaker 5 (26:38):
I'll talk to you guys soon. Goodbye. Thank you,
Hi, this is Colonel Mike, and we got your emails
and we got your texts on where have we been,
why our shows are a little bit slow, Why we
haven't been doing more shows? Well, it was summer. Mike
and I took a little break. Our producer who has
some other work to do.
Speaker 2 (00:20):
He's took me a.
Speaker 1 (00:20):
Break and he's out on his other jobs besides doing
our show. Okay, and we want to call him projects seven.
He's always looking for another project. So I think he's
up to number seven now, all right, And hopefully we'll
get some of the former guests on which we really
love to have back on, you know that, and we'll
(00:41):
get some new guests. We have a lot of requests
to come on the show. In the meantime, if you
go to Network Radio dot US, sometimes it don't pop
up right away. The two mics hit that first panel
where it says network radio a couple of times and
then you'll see the two mics. You hit it and
it goes up. I don't know.
Speaker 2 (00:56):
We're trying to fix that right now.
Speaker 1 (00:58):
Also, you could find us on America out loud dot
news America out loud dot News. Mike and I are
doing the National Security Show on Monday, and I did
a few indie shows on Unleash the Political News Hour
by myself solo. Mike was a guest on one, so
I've been just guest hosting. They're going to fill it
in with someone, I guess soon. So you go to
(01:19):
America Outloud dot News National Security Hour, you go to Unleashed,
you can put Colonel Mike DOTR Mike whatever you want.
You find us, and soon we'll be going on some
other shows.
Speaker 2 (01:29):
All right, So there we go.
Speaker 1 (01:30):
Hold on a minute, Hold on a minute, don't forget.
Please visit our affiliate sponsors onto Mike's dot Us. Okay
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Don't edit us.
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(02:12):
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(02:34):
of you haven't been on for a while. That means
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(02:56):
You know that, we got Canada. Of course in the EEU,
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Speaker 2 (03:16):
All right, that's a long intro, but you.
Speaker 1 (03:19):
Know I haven't done it one in a while. I
know he's gonna ask me for one, so I'm doing
this for the new show today. All right, Thank you
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you don't, let us know. If you do, let us know.
Speaker 2 (03:30):
All right, thank you very much.
Speaker 3 (04:02):
Five for bree you one hey, welcome back your own
two Mikes, doctor Might to Shower, New York Times bestselling
author and Colonel Mike, who's really lazy today anyway, Welcome
back to the two Mikes.
Speaker 1 (04:14):
Don't forget to go to two Mikes dot us, two
Mikes dot us and visit our sponsors. By the way,
you can look at listener notes too, because we just
discussed this before we started recording, and you can see.
Speaker 2 (04:28):
Where we are.
Speaker 4 (04:28):
We're in the top one point five percent globally, so
thank you world community, and thank you to America.
Speaker 1 (04:35):
That's eighty percent of our audiences right here in America.
Let's go to the screen. We got Joe on.
Speaker 2 (04:40):
Joe is back.
Speaker 1 (04:41):
You want to talk about money. I know you a
dollar ain't worth a dollar and you can't holler at
the dollar.
Speaker 2 (04:47):
Welcome back, Joe Lombardi. How are you?
Speaker 5 (04:50):
I'm good, good, good to be bad.
Speaker 2 (04:52):
You can put your face on a scroll.
Speaker 1 (04:54):
There he is the iron He's got the Iron Hawk logo.
Look at this. Joe's got his helicopter outside. He's ready
to roll. Look at Zamus. Okay, so Joe, what's happening.
What's new since we last spoke to you. It's been
a couple of months. Tell us the newest thing you're doing.
Speaker 6 (05:10):
Yeah, I mean the newest thing is trying to protect
people from the upcoming market crash. We saw a big
hiccup on it when you know, a week now, going
on two weeks, we saw the Nikai in Japan drop
twelve points in a day, which is sort of a
red flag if you ask me. So people are trying
to find avenues, say what the heck? I got to
(05:30):
get out of the market.
Speaker 5 (05:32):
But then you.
Speaker 6 (05:32):
Got inflation sitting there with a baseball bat, like you
sure you want to put your your money on the
sideline there, because I'm going to come and take seventy
eight percent of it with just the you know, the
rising cost and the deflation of your dollar. So people
are like stuck between a rock and a hard place,
and they're looking for different avenues to put their money
(05:53):
where they you know, can't lose, but historically are covering inflation.
You know. So I've been rolling over in the last
two months, probably about eight or nine million dollars of
clients' funds into fix indexinuities, and over three hundred and
fifty billion dollars has gone into it in the last twelve.
Speaker 2 (06:11):
Months inities three billion dollars.
Speaker 4 (06:15):
So you're telling me right now, and Mike on this
show that Lala Harris. And by the way, I want
to thank David Knight putting that name out. David Knight,
you spirit Alex Jones. He calls her Lala, and I
think it fits a perfect Lala Harris. So when they
heard Lala Harris was going to be the candidate, the
markets just went ballistic.
Speaker 2 (06:34):
Huh.
Speaker 6 (06:36):
Well, I mean, nobody wants the giggler of Gotham City,
you know, like that's not going to be, you know,
the the person that's going to lead us to prosperity.
So it's it's uh and she's hilarious.
Speaker 5 (06:51):
When I'm president, I'm going to do all that. I'm like, you,
you didn't do sh then even there, you could.
Speaker 6 (06:59):
Have done anything wanted, Like what are you talking about?
Speaker 2 (07:03):
And also she is she is a rhyme in Simon.
Speaker 4 (07:05):
She's like a she's like a bad rap utist, you
know where to be about what it be, because it
be about when it was.
Speaker 2 (07:12):
I mean, the girl she can't put a sentence together.
Speaker 5 (07:15):
You know how she got there.
Speaker 6 (07:16):
I mean she had the golden golden kneepads brought to
her by her family that got her to the top.
You know, she's she's she's always used her head, is
what I heard. You know, So she's she's just a
very smart, smart person, you know. I mean if Kim
Kardashian can become a billionaire by doing it, I guess
she could become president.
Speaker 5 (07:36):
By doing it.
Speaker 6 (07:36):
I mean that really there shows us how powerful you know.
Speaker 2 (07:40):
Joe, I didn't. I didn't. I didn't.
Speaker 4 (07:42):
I didn't TRADEMARKT And somebody, a friend of mine who's
a lawyer, said I should have did it. You know,
I came out I don't know what thirteen years ago,
Mike with the grifter, Yeah, yeah, I said, you know,
the grift with the politics was a grifters in Grift
And then I said, you know, the only reality show
we miss it on TV is you know, uh like
you know, Whos Are Real or something like that, you know,
(08:04):
because all of these woers became billionaires putting makeup on
and clothes and all that stuff, you know, and the
parents were pimping them out there and they're doing very well.
Speaker 2 (08:12):
You know, Oh the Housewife of Whos or something like that.
One of those kinds of things, you know.
Speaker 6 (08:18):
That it's it's one of those things where.
Speaker 5 (08:23):
We are the laughing stock, to say the least.
Speaker 2 (08:25):
Tell me about it, Joe.
Speaker 4 (08:26):
I talk to people around the world all the time, Joe,
and everybody wants to know what were we drinking and
what are we continuing to drink? Is it in the water?
I'm telling you it's no joke. They're like, you're the
last bestion?
Speaker 2 (08:42):
So how do we go? How do we get at it?
If you go down?
Speaker 1 (08:45):
So tell us how does our how does.
Speaker 4 (08:47):
Our listener get out of this if they have money
in the bank, checking account, savings four oh one, Keo, Roth, Schumer, Harris.
Speaker 6 (08:57):
Whatever, Yeah, I mean it's pretty simple. I could go
over strategy that survived the Civil War, World War One,
the Great Depression, World War two, never lost any money.
And that would be insurance companies, that would be mutual
triple A rated insurance companies. That's where all the millionaires
(09:17):
and billionaires are putting their money. They're realizing that the
banking system can't be trust. Look what happened to Silicon
Valley Bank with crypto. Look what happened to Signature Bank
with crypto. Look what happened to FTX. You're talking about
tens of trillions of dollars disappear overnight. You take a
(09:37):
look at insurance companies. Civil War fine, Great Depression, fine,
World War one fine, World War two, Fine, don't lose anything.
Money is there, It's liquid.
Speaker 2 (09:47):
Isn't that where all the rich people put their money?
Speaker 6 (09:49):
Though?
Speaker 2 (09:49):
Joe?
Speaker 5 (09:49):
Truthfully, the multi strategy absolutely yeah.
Speaker 6 (09:53):
That's what I've been specializing for twenty one years. It's
it's all about trying to leverage IRIS codes built on
the back of insurance policies, and it's all about the strategy. Right,
you have the Irrevocable Life Insurance Trust, you have the
life insurance policecos into the Irrevocable Life Insurance Trust. Now
it's out of your state upon death. Because it has
its own tax id, you can pull the money out
(10:15):
if you need it, depending on who you make to trustee's.
It's what the wealthy people do for the simple fact
that if you had a choice to have the money
taxable or tax free, you would choose tax free. If
you had the choice to have access to your money
or lock it up to your fifty nine and a half,
you would say access. If you had the choice to
let it compound and grow without having to touch it,
(10:37):
or have required minimum distributions where the government forces you
to pull money out of your account at seventy three,
I'm sure you would choose the one that doesn't have
the force whether to take money or don't take the money.
If you had a choice whether the market crashes or
do you want to embrace all those losses and basking
a twenty to eighty percent loss? Would you like to
be guaranteed you can't lose if the market goes up.
(10:59):
Would you like to get one hundred and forty percent
of the market of the sp five hundred what like,
and you can't lose?
Speaker 5 (11:07):
Yes?
Speaker 6 (11:08):
If you need long term care, would you like thirty
thousand a month cash tax free. Do you accelerate the
death benefit if you're sued? Do you want them to
be able to take all your money or would you
want hippa Remember hippo with COVID, nobody's supposed to know
your health stuff. Would you want hippa to protect your
money from lawsuits where it doesn't mean to exist? Like
I can go on and on and on and on
(11:29):
and on, like do you want to pay twelvey one
fee class A share fund, feed money manage I fee
in you accountf you meet your fund expense fee?
Speaker 5 (11:36):
And if that's a point.
Speaker 6 (11:37):
In half you've done for thirty years, that's forty five
percent of your money simple, which is over half of
your money compounding. So you'd want Wall Street to take half,
and then when you need the money, you want the
government to take the other half. And so you net
a quarter of your own money. That sounds uh, that
sounds great.
Speaker 2 (11:52):
So sounds like Social Security they give you zero for
ten thousand.
Speaker 6 (11:57):
Mm hmm, yeah, it's it's uh, Well, don't know if
you've been to the US Debt clocked Out org recently,
but we're over thirty five trillion dollars in national debt.
We're over twenty seven trillion dollars in stolen money in
Social Security, We're up over forty one trillion dollars in
stolen money in Medicare, and we're up to over two
hundred and eighteen trillion dollars in US unfunded liabilities over
(12:21):
the next ten years.
Speaker 4 (12:22):
That's the question I was going to ask you. I
was going to say, here's the smart guy. Could you
repeat that number?
Speaker 6 (12:27):
Yeah, so US debt is over thirty five trillion.
Speaker 2 (12:31):
Huh No, the last one, Joe, the.
Speaker 6 (12:32):
Usd funded liabilities is two hundred and eighteen trillion dollars
two eight times, six times more than our entire national
debt is just in unfunded liabilities.
Speaker 4 (12:44):
So I had this discussion with Mike the other day,
and I said, Mike, everybody else around the world takes
money from the World Bank WF whatever, and then IMS.
And then what do we do, Joe. After we we
let these people take the money, we do one of
these recycle re reevaluate it. We said, all right, well
(13:05):
we'll take a haircut. We gave them two billion, We'll
let them pay us back five hundred million. It's called
a haircut or whatever. Why aren't we doing that? As
an American, let's just say to everybody, Hey, we supported
the war for all these years since World War Two.
Guess what we're going to go chapter eleven, thirteen seven,
whatever you want to call the number right, and guess what,
We're gonna give you some pennies on the dollar and
(13:27):
we're going to start all over.
Speaker 2 (13:28):
How would that.
Speaker 6 (13:29):
Work, Joe, Well, in my opinion, how that is going
to work is they are going to steal the bitcoin
ethereum crypto market that the CIA built, and they're going
to crash the crypto economy and then steal all the
infrastructure to bring in the Central bank digital currency. Yeah,
(13:49):
you go by design all this time, and if the
government didn't want crypto out, it wouldn't be out right.
The government is the one who was using crypto in
the beginning. It's on the black market. That's how drugs
were bought, guns were bought, cocaine, women, children, sex, slaves,
human trafficking, organs, adrenochrome, blood that old people drink to
(14:12):
feel young. All that was able to be bought and
sold on the black market using crypto made by the government.
So they don't have to sit there and have a
palette of cash and drop it off. You know like
the old coke cowboy movies where the guys coming over
with you know, Tom Cruise on the plane and dropping
off piles of money, and then he's going over here
dropping off piles of cocaine. And now it's all done
(14:33):
through the post office legally, and then the currency is
done through crypto.
Speaker 5 (14:38):
That's how it started.
Speaker 6 (14:39):
It was a black market currency, and then it kept
getting bigger and the government was sitting like, Hm, we
can use this, right, we can. We can use this
to have the peasants, us citizens build it for them,
build our own prison. We are building our own prison.
Speaker 4 (15:00):
It is just like a pump and dunk. Joe's pretty
much like a pump and dope. They could dump you
any time.
Speaker 6 (15:05):
Right, any time. That so, what's gonna happen? In my opinion,
it's like, oh, cryptos too big to fail, But no,
no it's not. And what they're gonna do is all
they have to do is change loss.
Speaker 2 (15:15):
Right.
Speaker 6 (15:15):
I just talked about this the other day. It's all
about like crypto and the JAB. It's when they wanted
us to take the JAB. What did they first say, Oh, well,
we'll buy you a taco at Taco Bell.
Speaker 5 (15:28):
If you get the job, we'll buy you.
Speaker 6 (15:30):
A cheeseburger from Burger King if you get the JAB. Right,
they were giving you, like any minuscule reason to get
the JAB. And then all the broke people and hungry people,
you know, and the people that eat and love fast food,
they went there and got the job.
Speaker 5 (15:45):
You get a free donut at Dunkin Donuts. Oh my god, yeah,
I'll go.
Speaker 6 (15:47):
We get an experimental medical procedure, give me a free
glazed donut.
Speaker 5 (15:52):
Woo hoo.
Speaker 6 (15:53):
And so the first is gonna be bribery. Then when
that didn't work with the JAB, what was the next
thing they did? Oh, well, if you don't get the job, job,
you can't get on airplanes, you can't go on cruises.
You know, you know, it's it's it's sad. And then
what was the last thing they did. You don't get
the job, you don't eat, you're firing you.
Speaker 5 (16:12):
You're gonna die. So they're gonna do, in my opinion're gonna.
Speaker 6 (16:16):
Do the same thing with h with crypto. They're gonna
offer some sort of buyback bonus, a percentage bonus to
convert your bitcoin over to the to fed fed now
coin or fed coin or whatever they rebrand it, and
people are gonna say, okay, can give me a free
ten percent on my money, Like, all right, I'll take it.
And then they're gonna go to all the miners and
they're gonna say, hey, instead of you mining bitcoin, if
(16:39):
you mind, fed coin will give you an extra ten percent.
Speaker 4 (16:42):
Oh you mean the miners who drive the ev cars.
Speaker 6 (16:48):
Well, the whole point of pushing the electric vehicle is
is to cancel.
Speaker 5 (16:52):
Your ability to move freely.
Speaker 6 (16:54):
Because we all knew what a sovereign citizen in and
we all knew how we can travel freely. That they
don't have a right to give us all these licenses.
When we get a license, it gives up all our rights.
We get a driver's license, gives right right, We got
a fishing license, a gun license, it gives up a lot.
Speaker 5 (17:12):
Of our rights.
Speaker 6 (17:12):
And people don't really understand that. So and I think
the movement of people moving freely in our country was
getting bigger and bigger and bigger, people standing up to
police officers, not the cops, not knowing the law. And
so I think they're realizing that we're waking up. So
they're like, well, if you push electric vehicles, and that
guy has a bad social credit scorks and in terms
(17:33):
to China with Central Bank digital currency guests. So we're
gonna do turn off his electricity. If he doesn't have electricity,
can't go anywhere.
Speaker 4 (17:40):
That was another giveaway, Joe. Remember they gave you a
nine thousand dollars rebate. Wow, and you could take it
off your taxes that you don't even have. You don't
have enough money to take that deduction. They had people
making thirty thousand a year buying sixty thousand dollars cars
that couldn't deduct that money.
Speaker 2 (17:58):
And they're like, who got remate? Yeah? How you going
to take it up your taxes if you don't make
the money right.
Speaker 6 (18:06):
And the funniest thing is California came out with with
electric car tax because nobody was buying gas. All these
crazy hippie liberals, so like all of them got got
electric vehicles and they're like, hey, we're not making any
money on the tax on the gas tax.
Speaker 4 (18:22):
Well, I'm looking for an investor. I have a new idea, Joe.
If you know anybody I know you know a lot
of rich people. Mike and I are going to go
partners We're going to open up mini motels next to
the EV charger because it takes that long to charge
your car.
Speaker 2 (18:34):
You didn't want to take the snooze.
Speaker 6 (18:37):
Yeah, I would start building those you know, those car
washes that pull the cars. Going to be so many
dead electric vehicles waiting there to go on, so they're
gonna need to sit there for three hours in the
in the assembly line until it's their time to plug in. Yeah,
these guys are freaking I don't know. In my opinion,
it's like, did I want to drive a go cart?
Speaker 4 (18:56):
Okay, I know you shot on time? Come on, give
us the pitch. What's the address? Do all your stuff
you want to do? Because I know you show it
on time today.
Speaker 6 (19:04):
Yeah, you guys can all go to www dot ironhawkfinancial
dot com if any of your listeners won all three
of my books, and the last time I did this
show at about twelve people that asked for my free books,
I sent them all out.
Speaker 2 (19:16):
So did you said, that's a copy with a host?
My gosh, Mike, we get freebies and this guy don't
send them.
Speaker 5 (19:21):
They're pds. But yeah, I'll send them to you.
Speaker 2 (19:23):
Okay, but.
Speaker 5 (19:25):
Go save on costs, baby, but no.
Speaker 2 (19:28):
You're smart, Joe, do pdf.
Speaker 6 (19:30):
You're right, and any of your listeners want copies of
my books, being your own bank, there's a better way
than a four on one K long term care without
long term pain. These are books that teach you how
to save millions in taxes, how to leverage government IRS codes.
If you have my strategy and things happen, what's the benefits?
If you don't have my strategy and things happen, what
(19:50):
are your downfalls?
Speaker 5 (19:53):
Very simple reads.
Speaker 6 (19:54):
I'll also send you the two Forbes articles on my
strategy when by a certified financial planner or by a
sort of my public accounting. I'll also send you the
International Business Times article, the Market Insider Business Insider article.
So I try to get as much information out absolutely
free to your listeners. So if any of them want,
just write an email to Joe at Ironhawk Financial. That's
(20:16):
Joe at iron like the Metalhawk, like the Bird Financial
dot com. Just put free books urge on two. Mike's
uh interested in learning more. I just try and get
this information out there. I'm trying to free people.
Speaker 5 (20:27):
A lot of.
Speaker 6 (20:27):
People are slaves, you know, they don't really understand that
can people do.
Speaker 2 (20:31):
This from outside the country.
Speaker 1 (20:32):
Can they invest in this stuff outside the country.
Speaker 6 (20:34):
I just got clearance to get Canada, like literally two days,
three days ago.
Speaker 5 (20:40):
I've already had six meetings to bring money.
Speaker 2 (20:43):
That's Mike's wheelhouse. Mike, how do you say? How do
you say hello in Canada?
Speaker 1 (20:46):
What's that expression? I?
Speaker 2 (20:50):
Hey, hey, hey, hey.
Speaker 4 (20:53):
All right, maple syrup, Hey, maple syrup Canada.
Speaker 2 (20:57):
Don't forget to get into Joseph, Canada.
Speaker 7 (20:59):
Now, hey, yeah, one quick, one minute? Where to from here?
Is it just going to keep going down, going down,
going down?
Speaker 6 (21:07):
The So we saw the hiccup right, So that the
hiccup was the what's called the carry trade problem. Yeah,
there was too much money going from Japan. It was
going into the United States and other asset classes, and
Japan ran out of money, so they called their positions.
A lot of people had hard ill liquid. So what's
really happening with derivatives and everything?
Speaker 5 (21:26):
Again?
Speaker 6 (21:27):
I went overwhelming, bore your your clients, your listeners, But
it basically just comes down to there was an arbitrage
happening and it's been happening since.
Speaker 5 (21:39):
Geez, what do we have the O eight crash?
Speaker 6 (21:41):
Do mortgage back securities and they restarted mortgar back securities
back up in twenty fourteen, so we're ten years into
the mortg backed security derivative crisis that's going to come.
We have the car crisis at automakers are down twenty
thirty percent. They overpriced them these vehicles, so we have
a lot.
Speaker 5 (22:00):
Possessions are up three.
Speaker 6 (22:03):
Twenty percent of people are back on their mortgage or
in going into foreclosure or in foreclosure. So we are
in a position what's going to be an inflection point.
The inflection point is going to cause the derivatives to
be called. And so what's next from here is twofold.
They're either going to keep the market up on stilts
because Donald Trump's gonna win the election, and then they're
going to crash the election and they're gonna say Orange
(22:25):
Man bad and it would all be by design, just
like they brought COVID in, or they install you know,
the Giggler of Gotham City, which which would be very
bad for our country.
Speaker 5 (22:36):
Like you have no idea. You guys probably have an idea,
but the average person doesn't have an idea.
Speaker 6 (22:41):
So the we are going to be experiencing some sort
of let's say pain over the next six to twelve months,
and it's gonna come down to.
Speaker 5 (22:56):
Do you have food, you have water, do you have
m or is your money on the bank?
Speaker 6 (23:00):
Is it all taxable? Is it all in the market. Well,
if it is, you're screwed. So you have to diversify.
You have to diversify your market exposure, liquidity, your capital risk.
You have to diversify those things in the average person
doesn't and one hundred percent of their money and the
retirements in the market. They have no bonds, they have
no downside protection, and it's all in four to one
case in I raise, which is all taxable in their
(23:21):
liquid So diversifying those are like the biggest thing you
can do. Take your money. Look at fixing theexininuities you
can't lose they've been averaging over thirteen percent. That's where
I'm putting all my clients money right now because it's
just a safe haven for your money because you don't
want to be exposed when this crashes. So we got
(23:42):
the tremor right, and then after the earthquake, what comes
a tsunami. So I think we saw the earthquake a
week or two ago, and I think that's going to
eventually lead to a tsunami coming to the markets globally.
Speaker 4 (23:54):
And what do you say, quick quick question, what do
you say to an employee because one of our listeners
contacted be and they have they have to put this money.
I think it a four oh one or whatever. And
then and it's matched by the employer. Right, And she
said she wanted to get into something like your thing
and her employer says they can't match it.
Speaker 6 (24:13):
Why is that the So if let's say client's putting
away three four or five percent, it's matched up to
three four five percent.
Speaker 5 (24:20):
You can do that.
Speaker 6 (24:21):
I'm not legally allowed to tell you not to because
you're getting free money. But the free money you're getting
barely is going to cover your taxes. So what are
you really getting? But okay, cool, These iuls and strategies
be your own banking, infinite banking. It can be brought
to a business. It can be put in a deferred
(24:41):
cop plan. But if it's a big corporation, they're not
going to do that because they make so much money
on four oh one K is from a standpoint of
the more money that goes in, the lower cost it
is to them. Right, you got the the workers putting
in pennies, they're trying to max it out, right because
there there their accounts like, hey, we got to save
money on taxes and which which in my opinion, is done.
(25:04):
So there is ways that you can do this, to
key ma in. If you're the business owner, you can
put money into it through the business and then write
it off on the business, especially if you have guys
in your company that you want to retain. I can
go so complex and deep. But if you have a
four to one k to go up to the four
(25:25):
one k match and every other dollar needs to go
in this period.
Speaker 2 (25:29):
Okay, got you all right? Thanks so much, man, appreciate it.
Speaker 4 (25:32):
Thanks you you've got any other questions.
Speaker 7 (25:36):
Just to reiterate, you think moving money into mutual insurance
companies is a good thing to do.
Speaker 6 (25:43):
Absolutely. It has historical data that is factually correct. Right,
women lie, men lie, numbers don't lie, and the numbers
have shown in the last one hundred and eighty years
at the safest place for your money is insurance companies.
Speaker 2 (25:57):
Ky bad gambler. But I'll tell you what. Here's my bet.
Speaker 4 (26:02):
Trump wins if God allows it, Trump wins, and then
they crash the economy on him, and he gets the
Obama eight. You know, George Bush to Obama eight. Blame
everything on him, and that's why we should have won.
Or La La gets in and then hey, anything goes
when the whistle blows, you know what I mean?
Speaker 5 (26:21):
Yeah, I think she gets in.
Speaker 6 (26:22):
Then they slowly steal our rights in our economy. I
mean I was, I was so convinced Trump was gonna win,
and then they crash the economy on him. That's still
my number one, but I just feel an energy shift.
I don't understand why.
Speaker 5 (26:34):
But it's all right.
Speaker 2 (26:35):
Take care, Joe. Thanks, I know you gotta run.
Speaker 5 (26:38):
I'll talk to you guys soon. Goodbye. Thank you,
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