August 13, 2025 • 23 mins
Kerry Lutz talks with Derek and Tony from Piggo’s Trading Desk about building winning strategies, spotting public gullibility with unique indicators, and navigating the influence of government on markets. They dig into Austrian economics, the decline of true capitalism, and why younger generations must learn these principles. From YouTube suppression to Substack reach, the trio shares ways to grow an audience in today’s algorithm-driven world. They also weigh gold, silver, and Bitcoin — debating which assets can best protect wealth — and warn about the risks of ETFs versus owning physical metals. Plus: risk management, emotional discipline, profit-taking strategies, and predictions on global conflicts and AI’s economic impact. Find Derek & Tony here: https://www.piggostradingdesk.com Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5
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Episode Transcript
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Speaker 1 (00:00):
Mom and pop with the four to one k or
a pension have an investment in slv R GLD. They're
not going to get a dime of that gold. They're
gonna get told, well, you messed out, we only had
X amount and we are naked twenty. So the person
who has the most exposure and is the biggest like
buyer is going to get the gold you're not going
to get you.
Speaker 2 (00:18):
You're listening to Carrie Letz's Financial Survival Network, where you
get valuable information you just can't find anywhere else to
thrive in today's trying times. You need the Financial Survival
Network now more than ever. Go to Financial Survivalnetwork dot
com and get your free newsletter and gift. Financial Survival
(00:39):
Network now more than ever.
Speaker 3 (00:46):
And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie Lutz got a really
interesting couple of guys on I met them at the
RIC Rule Conference, the ric Rule Resource Symposium, and really interesting.
I love when younger people get involved in this space
(01:07):
because look, I'm old, I've done my thing, I'm still
doing it. But in order to get the younger generation
educated and empowered, you need to start thinking differently. These
guys run a site called pigos Trading Desk Desk. That's
(01:28):
piggo apostrophe as Trading Desk and guys, great to have
you on the show. Introduce yourselves please.
Speaker 4 (01:38):
Well I'm Derek and this is Tony, my brother. We
host a Piggo's trading desk. We are pretty much average
American workingman. I work still at a regular place and
I also do the trading with my brother.
Speaker 5 (01:51):
He's been trading since he was like twenty four. Talk
lit bit myself.
Speaker 1 (01:55):
Yeah, I started trading at twenty four. I was classically
trained in Austrian economics in China. And you know, I've
built my own strategy over the years. Why I utilize
a vortex indicator and I have a sheep indicator based
on how many like for example, like people are gullible
to the bullshit propaganda that it's be on TV. So
the highest you can get the four and the lowest
you can get one.
Speaker 3 (02:16):
Well, you know what they say, sheeple who need sheeple
are the leftiest sheeple in the world.
Speaker 6 (02:23):
Exactly.
Speaker 3 (02:24):
Webert Streissan saying that a song right, didn't she sheeple
who need sheeple? But anyway, Uh, okay, So you were
in China and you learned about Austrian economics.
Speaker 1 (02:35):
Yeah, it's a funny story. Actually, my ex's dad owned
one of the hedge funds in China, one of the
biggest ones in Beijing, and he taught me classical economics
when I lived there for two years.
Speaker 6 (02:47):
Wow.
Speaker 3 (02:47):
You know, like most hedge fund guys will not even
admit that they heard of Ludwig von Misis let alone
espouse Austrian economics because their whole busy. This model works
because of the inefficiencies created by.
Speaker 6 (03:06):
The Federal Reserve and Central planning.
Speaker 4 (03:09):
Yes, and me, I learned about Austrian economics through like
listening through guys like you and like Mario and Echo.
That's where I first started learning about it, and then
I started doing research on it and actually reading on
it myself.
Speaker 6 (03:20):
Yeah.
Speaker 3 (03:20):
Well, back when I was in college, I discovered the
Milton Friedman Free to Choose That was a special on
PBS of all shows, all stations.
Speaker 6 (03:31):
They would never show that.
Speaker 3 (03:34):
Series on PBS again because basically it made the case
for free markets and that a place like Hong Kong
with free markets can prosper have huge wealthy standard of
living and basically that most of the problems. He used
(03:55):
to say, if there's a problem in the world, I
could tell you exactly where it came from the government.
And you know, I wouldn't say all problems are created
by the government, but it's not where problems don't go
to die with the government, they go to get institutionalized.
Speaker 1 (04:19):
Yeah, yeah, definitely. And you know, in terms of like
free market capitalism, you know, we haven't had that in
the US in a very long time. And like this
whole top down control started with the Hanseatic League back
in the twelve hundreds, where you had them control in
the market from the top down for the oligarchs.
Speaker 3 (04:38):
Well, you know, one thing is most people are just
going to go along with everything, right, Yeah, we don't.
We've never had a population of critical thinkers normally. I
was just reading about Socrates because that's Martin Armstrong's pet ai,
and you know, some article popped up about his trial. Basically,
(05:02):
he was a trouble maker and things were really bad,
so he became a scapegoat and they killed him. And
his whole thing was he was a disruptor. He wanted
younger people to be critical thinkers. Think from themselves now.
Instead of that, they just get suppressed by algorithms and
(05:25):
sent sent into the made to sit in the corner
with a hat on that says you're a dunce. Right,
That's what algorithmic suppression does to you. Have you encountered
any blowback from our tech overlords?
Speaker 5 (05:43):
You know, feel like we are? I feel like we are.
Speaker 4 (05:46):
Some of our videos don't get a lot of views.
One in particularly right now, we've joined like a pretty much.
I guess we'd call it a movement of fight against
naked shorts with Terry Lynch.
Speaker 5 (05:57):
And his video it didn't get gone. I think it's
on substack.
Speaker 4 (06:01):
It says it's got zero views, and it's got way
more views than that. We've actually watched people watch it
and it still doesn't get any views. So I do
believe we are being soiled it from the lord sucks.
Speaker 3 (06:11):
Back is not going to It's not gonna gonna suppress.
Speaker 6 (06:18):
I've never heard of that yet.
Speaker 3 (06:20):
In fact, a lot of the people who are on
substack are professional journalists who've basically been persecuted. But what
I will tell you is that you know, once you
go out of that little nurturing environment, anything is possible there.
So what's your YouTube channel by the way, right.
Speaker 1 (06:47):
Yeah, we are getting suppressed on there. Some of our
videos they get like eighteen views. And like, I think
it has to do with the titling that we use,
because we use kind of like black bild narration titling.
I was a screenwriter in my earliers and I like
to really be dramatic.
Speaker 5 (07:04):
He likes a clickbait.
Speaker 3 (07:06):
Yeah, as we were discussing, that's not aways your best.
Speaker 6 (07:13):
You have to you have to outthink it.
Speaker 3 (07:16):
So yeah, so I'm looking at your I can tell
you right now.
Speaker 6 (07:22):
Oh yeah, you're you're in no man's land.
Speaker 3 (07:25):
That the algorithm has got you, uh basically has put you,
sentence you to Siberia. Yeah, you're in the gulag. You're
in the algorithmic gulog, never to be heard from again.
But I'll tell you some ways to work on that,
because I have one channel. You know, all my channels
(07:46):
have suffered suppression or or lack of distribution, shall we say,
over the years. But there are ways to get over that.
So how do you how else do you get your
message out? You've got a website, right, because.
Speaker 4 (08:01):
A club start, right, we do we write an article
like every other day.
Speaker 5 (08:06):
Basically we're published an article. I think so far we
have how many articles.
Speaker 1 (08:10):
Like over like ninety nine articles, I believe.
Speaker 6 (08:13):
Yeah, are you getting some play there?
Speaker 3 (08:15):
Yeah?
Speaker 1 (08:15):
We got one hundred and fifty two subscribers, eleven hundred followers,
and we're yeah, we're getting some good views.
Speaker 4 (08:22):
To some of our views, Like our videos are not
getting views on there? That like I told you the
one from Terry Lynch, that one, like I literally watched
somebody watch it and it's still showing I believe zero.
It's not really showing any any Boddy watching it at all.
And that one's strictly on naked shorts.
Speaker 3 (08:39):
Yeah, well that is more a function of substacks lagginess.
It's not they're not suppressing anything legitimately, because I know
I have X number of subs who've signed up recently
and they're fifty behind.
Speaker 6 (08:59):
It's just work, just works that way.
Speaker 3 (09:02):
So as far as market philosophy goes, how do you guys?
Are you in stocks, precious metals, crypto?
Speaker 6 (09:13):
What's your thing?
Speaker 1 (09:14):
So I answer that one. I trade everything. I'm a
pretty technical trader.
Speaker 5 (09:20):
I like gold and silver.
Speaker 1 (09:21):
We buy gold and silver, we stack at platinum, palladium,
even copper boy on. We like that rinium as well.
We believe that you need fungible assets in your portfolio.
We also hold stocks, mostly right now minors. We have
some short positions that we just closed out and we
hit on those last week. We thought the market pullback
was coming based on the vortex. We're trading in Brazil
(09:44):
right now. We've made some good money there. India it's
had a pullback, but I expected to go up higher,
especially with the tariffs. And also we have China exposure.
I've been bulleted on China since twenty twelve. And we
do trade crypto right now. I have position an XLEM.
I got in at thirty seven cents. That was my
target price is at thirty seven thirty nine. I hit
(10:05):
thirty seven, so I bought at thirty nine. I bloted
thirty seven and then with Hbar, I'm waiting and holding off.
Speaker 5 (10:09):
I want it.
Speaker 1 (10:10):
They hit twenty cents, I'll get in and write it
for the next leg up.
Speaker 6 (10:13):
Okay, what's your take on bitcoin?
Speaker 4 (10:16):
Uh, We're not big bitcoin fans. We more like the
gold and silver and stuff like that. I mean we
see bitcoin more as like a trading asset. We don't
really necessarily like invest in bitcoin. If we do invest
in bitcoin, it's like what he said, a short position,
like we do ETF short position ETF on bitcoin and
stuff like that. We don't really invest in bitcoin. We
(10:37):
had before, but we've kind of stopped.
Speaker 5 (10:40):
Now.
Speaker 6 (10:40):
Well, here's here's the thing.
Speaker 3 (10:42):
I recommend to type it into any of your ais
and ask them for the case for bitcoin does an
upcoming short squeeze. We're in the midst of it now
of bitcoin, serious short squeeze because all these ETFs are
gobbling up up as many coins as they can get,
(11:03):
you know, billions of dollars a week some weeks go
into those ETFs. Last Friday they puked out like eight
hundred and thirty million worth of bitcoin to drive the
market down. But at the same time, who's buying these coins?
You know, it's like really interesting. So I think it's
(11:25):
going up to eight figures over time because that's the
only thing that they can use to stabilize the upcoming
financial system. I love gold, don't get me wrong, and silver,
but I think that there's too much. Just more gold
is coming into the system, all right, and I don't
(11:46):
think we'll ever have enough, but we're never going to
have the shortage of gold. Like we have a bitcoin
and maybe it'll go up to five thousand, maybe it'll
go up to ten but I don't think it's going
up to ten million unless the value of the dollar
comes worthless anyway.
Speaker 6 (12:01):
So how do you manage risk? Well?
Speaker 1 (12:06):
I manage risk by watching the technicals, like I look
for a head and shorter pout and inverse out of
short of bare fly, you know, just technical trading. And
whenever we have a formation I don't like, or even
if the vortex is telling me the trigger based on
the selling pattern, when it's descending down in a wedge,
I'll usually trade out and take some profits. And if
I felt like I could write out for a little more,
(12:26):
I'll keep some house money in there, but I'll just
usually take a little bit off the top. I try
to take thirty percent off the top whenever I get
the opportunity each time, and reinvest that into some silver
or usually uh inverse eta or our yeah, something like that.
Speaker 6 (12:41):
Yeah.
Speaker 3 (12:41):
So you're big on taking your profits when you find them.
Speaker 6 (12:46):
Yeah, yeah, yeah.
Speaker 4 (12:48):
Well yeah, we used to hold longer, but we just
started doing that recently part of the last year.
Speaker 1 (12:53):
Yeah, I made a stupid choice in there, like I
bet on e hang for the longest time, my body
hang when a seven dollars and eighty nine cents and
it hit like one hundred and fourteen dollars. Now instead
of me take a profit at one hundred and fourteen dollars,
that was like I spllled the two hundred short seller
report came out from Hindenburg. It plummeted, but I did
cash out part of it at eighty dollars. But it
(13:14):
was my greed, like that stopped me. I learned my
lesson from the Hut.
Speaker 3 (13:19):
Well, you have to have to be in control of
your emotions, right yeah, yeah, and it's so is here
control your emotions? That is that is the conundrum for
any active trader, right yeah.
Speaker 1 (13:36):
Now we deep dive in the company is like for example,
we've had four ten baggers this year. We bought TMC
at what seventy two cents and we sold a lot
of that often it hit eight dollars and I just
based it on like the whole company. It's a it's
a failure idea, Like you can deep sea mind that's
not going to work.
Speaker 5 (13:54):
At all.
Speaker 1 (13:54):
It's it's a horrible idea. This is more of a
short squeeze play in order to just create some liquidity
and to bring some profit.
Speaker 6 (14:03):
It's a game stop.
Speaker 1 (14:05):
Yeah, So me knowing that I took my profits when
I had the chance, and even with the company like
Big berr Ai, I bought a big Berry ad a
dollar eighteen and that's hold it at ten bucks because
I knew the whole idea of it was nonsense, like
it's not going to work and it's such a small
MICROCAPI company that it's going to be either merger and
acquisition or it's going to fail. So my baseline was,
(14:26):
I'll let it get to X amount of dollars. If
it hits, I'll cash out and I'll keep a small position.
If it breaks five percent in a day, liquidated because
that five percent tells me an ominous pattern that something
bad is coming.
Speaker 6 (14:38):
Yeah, I will.
Speaker 3 (14:39):
You know I'm not a good trader, all right, I
knew it, So I have to take a longer horizon
because you know, I just emotionally, temperamentally, I'm just not
set up to do it. But that's why in some
ways buying gold and silver was like the best thing ever,
because even though you want to sell it, it's a
(15:00):
real pain to sell. You know, I got to row
in my car hope that nobody Well, I have to
go find it where it's parked, get it, and then
transport it. And I would just assume not bother with it,
so I don't. And that's like it's the ultimate buy
and whold asset because you can always sell it. It's
not a big deal. I've sold some in the past
(15:23):
to pay for taxes, weddings, bar mitzvahs, but that's the
only reason I did not because I wanted it to
And so you can always sell it, but it's always
a pain to sell it. That's why people go to
ETFs and who knows if they have it what you're
feeling about GLD, SLV they sitting on all that gold
(15:46):
and silver or is it? Is it vapor ware, vapor
vapor metal?
Speaker 1 (15:53):
It's vapor were only if they do have any it's
going to go to the big cats because they get
the Stanford delivery before any small timers did. Like if
mom and Pop with the four one k or a
pension have an investment in sl V or GLD, they're
not going to get a dime of that gold they're
gonna get told, well, you messed out. We only had
x amount and we were naked twenty So the person
(16:14):
who has the most exposure and is the biggest like
buyer is going to get the gold. You're not gonna
get ship. You get a paper certificate if anything, from
the sdi C. But you won't get no physical gold.
You just get like some paper contract or some bs
that they're going to generate, maybe a stable coin to
cover it now, because that's the new way of doing it, right.
Speaker 4 (16:32):
Yeah, probably prefer the physical because if you don't, you
don't hold it, you don't own it.
Speaker 5 (16:36):
Need the physical.
Speaker 6 (16:38):
Yeah, yep, so true, man, so true.
Speaker 3 (16:42):
I'm a big believer in physical I didn't buying a
silver below spot. I mean, well it was below spot
last week, but you know, after they crashed, After they
crashed silver, it's probably close to spot. And it's so
easy to do, you know some of it. I bought
(17:03):
it thirty forty percent below spot if you could believe it.
Speaker 6 (17:07):
So they.
Speaker 3 (17:09):
Like, hey, you'll have to like go to my substack
and I'll be writing an article about it, and I'll
throw the link here and you can come find out.
But seriously, guys, So looking ahead, world economy, the United States,
global geoglobal tensions, confrontations, war cycle. According to Martin Armstrong,
(17:34):
we're in the midst of it through twenty twenty five
or six. What's your take on things? Where do you
see things going?
Speaker 4 (17:44):
So for me, like, I see what Trump putting the
nuclear on what is it? The silver arm right there,
and then the gravity bombs inside UK. But I watched
oil and oil as it was I think sixty six
dollars today, so it looked like it didn't go up
really at all, which I think when you put the
submar over there first's it went up to like seventy.
Speaker 5 (18:02):
So I don't think we're going to war anytime soon.
Speaker 4 (18:05):
I think that all this stuff that they're doing with
Russia and all that, I don't think it's going to
leave the war anytime soon. But I am with Martin.
I do believe we are going to a war. I've
always been saying for like the last five six years
now that I believe we're going to be in a
civil war and a world war at the same time.
I think there'll be a civil war in the United
States and a world war going on at the same time,
I don't know if that's actually going to play out.
Speaker 5 (18:27):
I do see like it could play out.
Speaker 4 (18:28):
I do see like the Maga movement and like the liberals.
Speaker 5 (18:32):
I feel like it could play out with that, but
I don't know that it will. But I do see us.
Speaker 4 (18:36):
Going into like a world war. Whether it turns nuclear,
I don't know, but I do think it will be like.
Speaker 5 (18:41):
A world war.
Speaker 4 (18:42):
And I do think there's going to be a lot
of life loss by twenty thirty two. Like what Martin says,
I think they with the.
Speaker 3 (18:48):
AI now, a lot of people aren't needed. Their labor
is unnecessary. I don't know what those people are going
to do.
Speaker 5 (18:55):
Yeah, that's true.
Speaker 1 (18:56):
And my take, my think's a little more brutal than his.
I'm a little darker. But I do believe we're going
to see an escalation in war, at least between proxies.
In August, we're going to see a probably in the
Middle East, an escalation and somewhat in Ukraine. And we
may see remaining conflict in India and Pakistan. In August
and in November we'll see an escalation, and by January
(19:18):
I see at least one tactical nukepiing deployed based on
the current solar cycle. Before this used to be really
common knowledge of the eighteen hundred sunspot theory, and essentially
we are going through sunspot theory. And you know, I
don't know why they stopped teaching this, but it's essentially
when we start cannibalizing ourselves in order to stay warm,
Like it's wintertime, so we start turning panels off the
house and throwing it into the fireplace. Sure, you stay warm,
(19:40):
but your house is now a vacant shell, and for
next winter, you don't have nothing to burn. You burn
through it all because you're just trying to stay warm.
For this punter, well, sorry, I don't mean to be laughing.
Speaker 3 (19:50):
It's not funny, but it's but your analogy is funny,
I think spot on. But my whole life, I've got
a few years on you, guys. I remember duck and cover. Okay,
we used to go into the auditorium. I even understand
it is in kindergarten, and we take our coats, our
jackets and put put them over us, and we bend down,
(20:13):
put our heads under the chair in front of us.
And that was duck and cover. And that was going
to protect us when they dropped the bomb. So the
point is, my whole life, it's been one thread after
the next. I'm immune at this point. Like plus, I'm
older than you, my kids are grown. I'm just not
worrying about it. Like, one thing that I preach, if
(20:37):
that's the right term, is live your best life. You know,
do not make your happiness subject to something happening outside
of you, whether it's government, whether it's family. Yeah, you
want to be happy, you want your family to be happy,
but your internal state of happiness is where everything begins
(20:59):
and ends. So my law partner used to say, Kerrie,
the situation is hopeless but never serious, And I find
myself repeating that phrase over and over and over again.
Speaker 6 (21:13):
Guys, where do we find you? How do we connect
with you? On the web?
Speaker 4 (21:17):
Oh, you can find us at Piggles Trading disc and
that'll be either on Pigostradingdesk dot com. You can find
us at Pigles Trading Desk on YouTube, Piggos T I
think it's Piggos Underscore t Underscore disc on X. We're
also on Instagram at Pigos Trading Disc and on substack
at pigles trading desk.
Speaker 1 (21:37):
Any social media media podcast pretty much, just pig those
trading desk and that'll pop up.
Speaker 6 (21:43):
Very cool.
Speaker 3 (21:44):
All right, Well, you know I'm following you on substack.
Everybody out there follow them on substack. To me, substack
is the greatest platform that I've ever seen in my life.
It covers so many bases, from email manager to post sticking,
your videos, your podcasts, to articles.
Speaker 6 (22:03):
To monetization, so many things.
Speaker 3 (22:06):
I can't say enough good things about that platform, even
though when I first came across it, I didn't really
get its power. But it's it's evolved, it keeps getting better. Yes,
there are rough edges analytics not the best. They're a
little simplistic, but you got to understand it's not for
you and me. Those analytics. That's for you know, a
(22:31):
guy like Matt Taev who who doesn't know what a
CTR is.
Speaker 6 (22:36):
Or you know, or views. He doesn't know any of
that stuff.
Speaker 3 (22:41):
It's like he looks, oh I got views. I'm okay.
He doesn't understand any of it. That is the average
substack user. They came, they worked for other media and
then they're doing substack.
Speaker 6 (22:55):
Now. Well, guys appreciate you coming on.
Speaker 3 (22:57):
You've got any questions for my buddies here, shoot me
an email kl atcarrieluts dot com.
Speaker 6 (23:03):
We will talk to you guys again. Be well.
Speaker 2 (23:05):
Thank you brother, thanks for listening to Carrie Letz's Financial
Survival Network, your solution to today's trying times. For the latest,
go to Financial Survivalnetwork dot com. Financial Survival Network now
more than ever,
Mom and pop with the four to one k or
a pension have an investment in slv R GLD. They're
not going to get a dime of that gold. They're
gonna get told, well, you messed out, we only had
X amount and we are naked twenty. So the person
who has the most exposure and is the biggest like
buyer is going to get the gold you're not going
to get you.
Speaker 2 (00:18):
You're listening to Carrie Letz's Financial Survival Network, where you
get valuable information you just can't find anywhere else to
thrive in today's trying times. You need the Financial Survival
Network now more than ever. Go to Financial Survivalnetwork dot
com and get your free newsletter and gift. Financial Survival
(00:39):
Network now more than ever.
Speaker 3 (00:46):
And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie Lutz got a really
interesting couple of guys on I met them at the
RIC Rule Conference, the ric Rule Resource Symposium, and really interesting.
I love when younger people get involved in this space
(01:07):
because look, I'm old, I've done my thing, I'm still
doing it. But in order to get the younger generation
educated and empowered, you need to start thinking differently. These
guys run a site called pigos Trading Desk Desk. That's
(01:28):
piggo apostrophe as Trading Desk and guys, great to have
you on the show. Introduce yourselves please.
Speaker 4 (01:38):
Well I'm Derek and this is Tony, my brother. We
host a Piggo's trading desk. We are pretty much average
American workingman. I work still at a regular place and
I also do the trading with my brother.
Speaker 5 (01:51):
He's been trading since he was like twenty four. Talk
lit bit myself.
Speaker 1 (01:55):
Yeah, I started trading at twenty four. I was classically
trained in Austrian economics in China. And you know, I've
built my own strategy over the years. Why I utilize
a vortex indicator and I have a sheep indicator based
on how many like for example, like people are gullible
to the bullshit propaganda that it's be on TV. So
the highest you can get the four and the lowest
you can get one.
Speaker 3 (02:16):
Well, you know what they say, sheeple who need sheeple
are the leftiest sheeple in the world.
Speaker 6 (02:23):
Exactly.
Speaker 3 (02:24):
Webert Streissan saying that a song right, didn't she sheeple
who need sheeple? But anyway, Uh, okay, So you were
in China and you learned about Austrian economics.
Speaker 1 (02:35):
Yeah, it's a funny story. Actually, my ex's dad owned
one of the hedge funds in China, one of the
biggest ones in Beijing, and he taught me classical economics
when I lived there for two years.
Speaker 6 (02:47):
Wow.
Speaker 3 (02:47):
You know, like most hedge fund guys will not even
admit that they heard of Ludwig von Misis let alone
espouse Austrian economics because their whole busy. This model works
because of the inefficiencies created by.
Speaker 6 (03:06):
The Federal Reserve and Central planning.
Speaker 4 (03:09):
Yes, and me, I learned about Austrian economics through like
listening through guys like you and like Mario and Echo.
That's where I first started learning about it, and then
I started doing research on it and actually reading on
it myself.
Speaker 6 (03:20):
Yeah.
Speaker 3 (03:20):
Well, back when I was in college, I discovered the
Milton Friedman Free to Choose That was a special on
PBS of all shows, all stations.
Speaker 6 (03:31):
They would never show that.
Speaker 3 (03:34):
Series on PBS again because basically it made the case
for free markets and that a place like Hong Kong
with free markets can prosper have huge wealthy standard of
living and basically that most of the problems. He used
(03:55):
to say, if there's a problem in the world, I
could tell you exactly where it came from the government.
And you know, I wouldn't say all problems are created
by the government, but it's not where problems don't go
to die with the government, they go to get institutionalized.
Speaker 1 (04:19):
Yeah, yeah, definitely. And you know, in terms of like
free market capitalism, you know, we haven't had that in
the US in a very long time. And like this
whole top down control started with the Hanseatic League back
in the twelve hundreds, where you had them control in
the market from the top down for the oligarchs.
Speaker 3 (04:38):
Well, you know, one thing is most people are just
going to go along with everything, right, Yeah, we don't.
We've never had a population of critical thinkers normally. I
was just reading about Socrates because that's Martin Armstrong's pet ai,
and you know, some article popped up about his trial. Basically,
(05:02):
he was a trouble maker and things were really bad,
so he became a scapegoat and they killed him. And
his whole thing was he was a disruptor. He wanted
younger people to be critical thinkers. Think from themselves now.
Instead of that, they just get suppressed by algorithms and
(05:25):
sent sent into the made to sit in the corner
with a hat on that says you're a dunce. Right,
That's what algorithmic suppression does to you. Have you encountered
any blowback from our tech overlords?
Speaker 5 (05:43):
You know, feel like we are? I feel like we are.
Speaker 4 (05:46):
Some of our videos don't get a lot of views.
One in particularly right now, we've joined like a pretty much.
I guess we'd call it a movement of fight against
naked shorts with Terry Lynch.
Speaker 5 (05:57):
And his video it didn't get gone. I think it's
on substack.
Speaker 4 (06:01):
It says it's got zero views, and it's got way
more views than that. We've actually watched people watch it
and it still doesn't get any views. So I do
believe we are being soiled it from the lord sucks.
Speaker 3 (06:11):
Back is not going to It's not gonna gonna suppress.
Speaker 6 (06:18):
I've never heard of that yet.
Speaker 3 (06:20):
In fact, a lot of the people who are on
substack are professional journalists who've basically been persecuted. But what
I will tell you is that you know, once you
go out of that little nurturing environment, anything is possible there.
So what's your YouTube channel by the way, right.
Speaker 1 (06:47):
Yeah, we are getting suppressed on there. Some of our
videos they get like eighteen views. And like, I think
it has to do with the titling that we use,
because we use kind of like black bild narration titling.
I was a screenwriter in my earliers and I like
to really be dramatic.
Speaker 5 (07:04):
He likes a clickbait.
Speaker 3 (07:06):
Yeah, as we were discussing, that's not aways your best.
Speaker 6 (07:13):
You have to you have to outthink it.
Speaker 3 (07:16):
So yeah, so I'm looking at your I can tell
you right now.
Speaker 6 (07:22):
Oh yeah, you're you're in no man's land.
Speaker 3 (07:25):
That the algorithm has got you, uh basically has put you,
sentence you to Siberia. Yeah, you're in the gulag. You're
in the algorithmic gulog, never to be heard from again.
But I'll tell you some ways to work on that,
because I have one channel. You know, all my channels
(07:46):
have suffered suppression or or lack of distribution, shall we say,
over the years. But there are ways to get over that.
So how do you how else do you get your
message out? You've got a website, right, because.
Speaker 4 (08:01):
A club start, right, we do we write an article
like every other day.
Speaker 5 (08:06):
Basically we're published an article. I think so far we
have how many articles.
Speaker 1 (08:10):
Like over like ninety nine articles, I believe.
Speaker 6 (08:13):
Yeah, are you getting some play there?
Speaker 3 (08:15):
Yeah?
Speaker 1 (08:15):
We got one hundred and fifty two subscribers, eleven hundred followers,
and we're yeah, we're getting some good views.
Speaker 4 (08:22):
To some of our views, Like our videos are not
getting views on there? That like I told you the
one from Terry Lynch, that one, like I literally watched
somebody watch it and it's still showing I believe zero.
It's not really showing any any Boddy watching it at all.
And that one's strictly on naked shorts.
Speaker 3 (08:39):
Yeah, well that is more a function of substacks lagginess.
It's not they're not suppressing anything legitimately, because I know
I have X number of subs who've signed up recently
and they're fifty behind.
Speaker 6 (08:59):
It's just work, just works that way.
Speaker 3 (09:02):
So as far as market philosophy goes, how do you guys?
Are you in stocks, precious metals, crypto?
Speaker 6 (09:13):
What's your thing?
Speaker 1 (09:14):
So I answer that one. I trade everything. I'm a
pretty technical trader.
Speaker 5 (09:20):
I like gold and silver.
Speaker 1 (09:21):
We buy gold and silver, we stack at platinum, palladium,
even copper boy on. We like that rinium as well.
We believe that you need fungible assets in your portfolio.
We also hold stocks, mostly right now minors. We have
some short positions that we just closed out and we
hit on those last week. We thought the market pullback
was coming based on the vortex. We're trading in Brazil
(09:44):
right now. We've made some good money there. India it's
had a pullback, but I expected to go up higher,
especially with the tariffs. And also we have China exposure.
I've been bulleted on China since twenty twelve. And we
do trade crypto right now. I have position an XLEM.
I got in at thirty seven cents. That was my
target price is at thirty seven thirty nine. I hit
(10:05):
thirty seven, so I bought at thirty nine. I bloted
thirty seven and then with Hbar, I'm waiting and holding off.
Speaker 5 (10:09):
I want it.
Speaker 1 (10:10):
They hit twenty cents, I'll get in and write it
for the next leg up.
Speaker 6 (10:13):
Okay, what's your take on bitcoin?
Speaker 4 (10:16):
Uh, We're not big bitcoin fans. We more like the
gold and silver and stuff like that. I mean we
see bitcoin more as like a trading asset. We don't
really necessarily like invest in bitcoin. If we do invest
in bitcoin, it's like what he said, a short position,
like we do ETF short position ETF on bitcoin and
stuff like that. We don't really invest in bitcoin. We
(10:37):
had before, but we've kind of stopped.
Speaker 5 (10:40):
Now.
Speaker 6 (10:40):
Well, here's here's the thing.
Speaker 3 (10:42):
I recommend to type it into any of your ais
and ask them for the case for bitcoin does an
upcoming short squeeze. We're in the midst of it now
of bitcoin, serious short squeeze because all these ETFs are
gobbling up up as many coins as they can get,
(11:03):
you know, billions of dollars a week some weeks go
into those ETFs. Last Friday they puked out like eight
hundred and thirty million worth of bitcoin to drive the
market down. But at the same time, who's buying these coins?
You know, it's like really interesting. So I think it's
(11:25):
going up to eight figures over time because that's the
only thing that they can use to stabilize the upcoming
financial system. I love gold, don't get me wrong, and silver,
but I think that there's too much. Just more gold
is coming into the system, all right, and I don't
(11:46):
think we'll ever have enough, but we're never going to
have the shortage of gold. Like we have a bitcoin
and maybe it'll go up to five thousand, maybe it'll
go up to ten but I don't think it's going
up to ten million unless the value of the dollar
comes worthless anyway.
Speaker 6 (12:01):
So how do you manage risk? Well?
Speaker 1 (12:06):
I manage risk by watching the technicals, like I look
for a head and shorter pout and inverse out of
short of bare fly, you know, just technical trading. And
whenever we have a formation I don't like, or even
if the vortex is telling me the trigger based on
the selling pattern, when it's descending down in a wedge,
I'll usually trade out and take some profits. And if
I felt like I could write out for a little more,
(12:26):
I'll keep some house money in there, but I'll just
usually take a little bit off the top. I try
to take thirty percent off the top whenever I get
the opportunity each time, and reinvest that into some silver
or usually uh inverse eta or our yeah, something like that.
Speaker 6 (12:41):
Yeah.
Speaker 3 (12:41):
So you're big on taking your profits when you find them.
Speaker 6 (12:46):
Yeah, yeah, yeah.
Speaker 4 (12:48):
Well yeah, we used to hold longer, but we just
started doing that recently part of the last year.
Speaker 1 (12:53):
Yeah, I made a stupid choice in there, like I
bet on e hang for the longest time, my body
hang when a seven dollars and eighty nine cents and
it hit like one hundred and fourteen dollars. Now instead
of me take a profit at one hundred and fourteen dollars,
that was like I spllled the two hundred short seller
report came out from Hindenburg. It plummeted, but I did
cash out part of it at eighty dollars. But it
(13:14):
was my greed, like that stopped me. I learned my
lesson from the Hut.
Speaker 3 (13:19):
Well, you have to have to be in control of
your emotions, right yeah, yeah, and it's so is here
control your emotions? That is that is the conundrum for
any active trader, right yeah.
Speaker 1 (13:36):
Now we deep dive in the company is like for example,
we've had four ten baggers this year. We bought TMC
at what seventy two cents and we sold a lot
of that often it hit eight dollars and I just
based it on like the whole company. It's a it's
a failure idea, Like you can deep sea mind that's
not going to work.
Speaker 5 (13:54):
At all.
Speaker 1 (13:54):
It's it's a horrible idea. This is more of a
short squeeze play in order to just create some liquidity
and to bring some profit.
Speaker 6 (14:03):
It's a game stop.
Speaker 1 (14:05):
Yeah, So me knowing that I took my profits when
I had the chance, and even with the company like
Big berr Ai, I bought a big Berry ad a
dollar eighteen and that's hold it at ten bucks because
I knew the whole idea of it was nonsense, like
it's not going to work and it's such a small
MICROCAPI company that it's going to be either merger and
acquisition or it's going to fail. So my baseline was,
(14:26):
I'll let it get to X amount of dollars. If
it hits, I'll cash out and I'll keep a small position.
If it breaks five percent in a day, liquidated because
that five percent tells me an ominous pattern that something
bad is coming.
Speaker 6 (14:38):
Yeah, I will.
Speaker 3 (14:39):
You know I'm not a good trader, all right, I
knew it, So I have to take a longer horizon
because you know, I just emotionally, temperamentally, I'm just not
set up to do it. But that's why in some
ways buying gold and silver was like the best thing ever,
because even though you want to sell it, it's a
(15:00):
real pain to sell. You know, I got to row
in my car hope that nobody Well, I have to
go find it where it's parked, get it, and then
transport it. And I would just assume not bother with it,
so I don't. And that's like it's the ultimate buy
and whold asset because you can always sell it. It's
not a big deal. I've sold some in the past
(15:23):
to pay for taxes, weddings, bar mitzvahs, but that's the
only reason I did not because I wanted it to
And so you can always sell it, but it's always
a pain to sell it. That's why people go to
ETFs and who knows if they have it what you're
feeling about GLD, SLV they sitting on all that gold
(15:46):
and silver or is it? Is it vapor ware, vapor
vapor metal?
Speaker 1 (15:53):
It's vapor were only if they do have any it's
going to go to the big cats because they get
the Stanford delivery before any small timers did. Like if
mom and Pop with the four one k or a
pension have an investment in sl V or GLD, they're
not going to get a dime of that gold they're
gonna get told, well, you messed out. We only had
x amount and we were naked twenty So the person
(16:14):
who has the most exposure and is the biggest like
buyer is going to get the gold. You're not gonna
get ship. You get a paper certificate if anything, from
the sdi C. But you won't get no physical gold.
You just get like some paper contract or some bs
that they're going to generate, maybe a stable coin to
cover it now, because that's the new way of doing it, right.
Speaker 4 (16:32):
Yeah, probably prefer the physical because if you don't, you
don't hold it, you don't own it.
Speaker 5 (16:36):
Need the physical.
Speaker 6 (16:38):
Yeah, yep, so true, man, so true.
Speaker 3 (16:42):
I'm a big believer in physical I didn't buying a
silver below spot. I mean, well it was below spot
last week, but you know, after they crashed, After they
crashed silver, it's probably close to spot. And it's so
easy to do, you know some of it. I bought
(17:03):
it thirty forty percent below spot if you could believe it.
Speaker 6 (17:07):
So they.
Speaker 3 (17:09):
Like, hey, you'll have to like go to my substack
and I'll be writing an article about it, and I'll
throw the link here and you can come find out.
But seriously, guys, So looking ahead, world economy, the United States,
global geoglobal tensions, confrontations, war cycle. According to Martin Armstrong,
(17:34):
we're in the midst of it through twenty twenty five
or six. What's your take on things? Where do you
see things going?
Speaker 4 (17:44):
So for me, like, I see what Trump putting the
nuclear on what is it? The silver arm right there,
and then the gravity bombs inside UK. But I watched
oil and oil as it was I think sixty six
dollars today, so it looked like it didn't go up
really at all, which I think when you put the
submar over there first's it went up to like seventy.
Speaker 5 (18:02):
So I don't think we're going to war anytime soon.
Speaker 4 (18:05):
I think that all this stuff that they're doing with
Russia and all that, I don't think it's going to
leave the war anytime soon. But I am with Martin.
I do believe we are going to a war. I've
always been saying for like the last five six years
now that I believe we're going to be in a
civil war and a world war at the same time.
I think there'll be a civil war in the United
States and a world war going on at the same time,
I don't know if that's actually going to play out.
Speaker 5 (18:27):
I do see like it could play out.
Speaker 4 (18:28):
I do see like the Maga movement and like the liberals.
Speaker 5 (18:32):
I feel like it could play out with that, but
I don't know that it will. But I do see us.
Speaker 4 (18:36):
Going into like a world war. Whether it turns nuclear,
I don't know, but I do think it will be like.
Speaker 5 (18:41):
A world war.
Speaker 4 (18:42):
And I do think there's going to be a lot
of life loss by twenty thirty two. Like what Martin says,
I think they with the.
Speaker 3 (18:48):
AI now, a lot of people aren't needed. Their labor
is unnecessary. I don't know what those people are going
to do.
Speaker 5 (18:55):
Yeah, that's true.
Speaker 1 (18:56):
And my take, my think's a little more brutal than his.
I'm a little darker. But I do believe we're going
to see an escalation in war, at least between proxies.
In August, we're going to see a probably in the
Middle East, an escalation and somewhat in Ukraine. And we
may see remaining conflict in India and Pakistan. In August
and in November we'll see an escalation, and by January
(19:18):
I see at least one tactical nukepiing deployed based on
the current solar cycle. Before this used to be really
common knowledge of the eighteen hundred sunspot theory, and essentially
we are going through sunspot theory. And you know, I
don't know why they stopped teaching this, but it's essentially
when we start cannibalizing ourselves in order to stay warm,
Like it's wintertime, so we start turning panels off the
house and throwing it into the fireplace. Sure, you stay warm,
(19:40):
but your house is now a vacant shell, and for
next winter, you don't have nothing to burn. You burn
through it all because you're just trying to stay warm.
For this punter, well, sorry, I don't mean to be laughing.
Speaker 3 (19:50):
It's not funny, but it's but your analogy is funny,
I think spot on. But my whole life, I've got
a few years on you, guys. I remember duck and cover. Okay,
we used to go into the auditorium. I even understand
it is in kindergarten, and we take our coats, our
jackets and put put them over us, and we bend down,
(20:13):
put our heads under the chair in front of us.
And that was duck and cover. And that was going
to protect us when they dropped the bomb. So the
point is, my whole life, it's been one thread after
the next. I'm immune at this point. Like plus, I'm
older than you, my kids are grown. I'm just not
worrying about it. Like, one thing that I preach, if
(20:37):
that's the right term, is live your best life. You know,
do not make your happiness subject to something happening outside
of you, whether it's government, whether it's family. Yeah, you
want to be happy, you want your family to be happy,
but your internal state of happiness is where everything begins
(20:59):
and ends. So my law partner used to say, Kerrie,
the situation is hopeless but never serious, And I find
myself repeating that phrase over and over and over again.
Speaker 6 (21:13):
Guys, where do we find you? How do we connect
with you? On the web?
Speaker 4 (21:17):
Oh, you can find us at Piggles Trading disc and
that'll be either on Pigostradingdesk dot com. You can find
us at Pigles Trading Desk on YouTube, Piggos T I
think it's Piggos Underscore t Underscore disc on X. We're
also on Instagram at Pigos Trading Disc and on substack
at pigles trading desk.
Speaker 1 (21:37):
Any social media media podcast pretty much, just pig those
trading desk and that'll pop up.
Speaker 6 (21:43):
Very cool.
Speaker 3 (21:44):
All right, Well, you know I'm following you on substack.
Everybody out there follow them on substack. To me, substack
is the greatest platform that I've ever seen in my life.
It covers so many bases, from email manager to post sticking,
your videos, your podcasts, to articles.
Speaker 6 (22:03):
To monetization, so many things.
Speaker 3 (22:06):
I can't say enough good things about that platform, even
though when I first came across it, I didn't really
get its power. But it's it's evolved, it keeps getting better. Yes,
there are rough edges analytics not the best. They're a
little simplistic, but you got to understand it's not for
you and me. Those analytics. That's for you know, a
(22:31):
guy like Matt Taev who who doesn't know what a
CTR is.
Speaker 6 (22:36):
Or you know, or views. He doesn't know any of
that stuff.
Speaker 3 (22:41):
It's like he looks, oh I got views. I'm okay.
He doesn't understand any of it. That is the average
substack user. They came, they worked for other media and
then they're doing substack.
Speaker 6 (22:55):
Now. Well, guys appreciate you coming on.
Speaker 3 (22:57):
You've got any questions for my buddies here, shoot me
an email kl atcarrieluts dot com.
Speaker 6 (23:03):
We will talk to you guys again. Be well.
Speaker 2 (23:05):
Thank you brother, thanks for listening to Carrie Letz's Financial
Survival Network, your solution to today's trying times. For the latest,
go to Financial Survivalnetwork dot com. Financial Survival Network now
more than ever,
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