Transcription
Here is the Buffett indicator, the market cap to GDP ratio, and it is at an all-time high. You look back to 2000, we were valued at around 130%. Today, 233%. The peak of that bubble looks like a bargain where we are now. Look at that chart.
You can see periods of time where commodities way outperform stocks. Mhm. And I think we're going to be headed into one of those periods where, probably, it's probably overdue, but we had one. If you look at your chart, it wasn't that long ago we had a period there. Uh, and I think we're headed for another one.
Here's a consumer, uh, consumer sentiment index. Yeah. Look at the other times it was that low. I mean, the economy was in recession. I mean, it was obvious that stuff was bad. Things are supposed to be good now. According to the government, according to the Fed, everything is great. So, if consumers are this pessimistic now, what are they going to be like during the recession?
You're watching Capital Kosm. My name is Danny. It is June 18th, 2026, and my guest today is illustrious Peter Schiff. Peter, thank you so much for coming on.
Thanks, Danny. Always a pleasure.
Yeah. Well, let's just dive right into the action here. Um, right now, at the time of this recording, markets are rallying, more specifically the NASDAQ more than anything else. Rallying at the news of an MOU being signed between, uh, the United States of America and Iran. But, uh, you know, what do you make of this rally here, Peter? Gold is selling off, oil is selling off, uh, but tech stocks are not.
Yeah, you know, I, they're probably going to be the last, uh, shoe to drop, but I do expect a meaningful correction in tech. I mean, you're talking about extreme levels of, uh, excess valuation. And, you know, I think the risk appetite is getting concentrated into fewer and fewer names that are still going up. Um, I mean, look what's happening with crypto. The air is certainly coming out of that bubble. I think the entire house of cards that strategy erected is toppling down as we speak. Uh, Stretch is collapsing. Uh, the, the discount that Bit, that strategy trades at is widening. It's probably as big as it's been. So, I think, uh, that's imploding, and it's a sign that speculative excesses are, are, are, are being reigned in a bit, and I expect that to work its way up the food chain and eventually get, uh, to, you know, the NASDAQ and the AI. So, I, I, I think I think it's coming, and, and I think the perception that Worsh is, you know, you know, some kind of hawk that's really going to fight harder to rid us of inflation, uh, even though that may not be true, and it probably isn't true, if the markets believe that it might be, that should be a major problem for a market as, you know, overly valued as the one we got now.
Yeah. Here is the Buffett indicator, the market cap to GDP ratio, and it is at an all-time high. You look back to 2000, we were valued at around 130%. Today, 233%. The peak of that bubble looks like a bargain where we are now.
Yeah, exactly. And then you've got the mean. The mean is all the way down here at like 89%. You can see this dash line here. So, yeah.
Yeah, this is unprecedented.
Yeah. When you look at that chart, you just see that there's a lot of risk there. You know, even if it goes up for a while longer,
Um, it's going to come down.
Yeah. Yeah. What do, what do you make of, uh, Worsh's comments the other day about how inflation is a choice?
Yeah.
Yeah. But it seems like he's choosing inflation.
No.
Well, all the central bankers choose inflation. That, the, all the politicians choose inflation because if you don't choose inflation, you're choosing something much worse from their perspective. Because if you choose to fight inflation and get rid of inflation, you're choosing a bare market in stocks, a bare market in bonds, a bare market in real estate, a recession, maybe a default on treasuries, uh, massive cuts in government spending. None of this anybody wants. So, in order to avoid all that, the central bankers choose inflation. The government chooses inflation. And I think this Fed is going to make the same choice. I don't care how much noise they want to make, at the end of the day, politically, that, that, that's what they're going to do.
And you can kind of see it now with the NASDAQ getting the biggest bit of them all. I'm pulling up the NASDAQ, the S&P ratio right now, and it is, it is ripping on higher. Um, why, why is all the money going into the NASDAQ relative to the S&P?
Well, I mean, that's where a lot of the, you know, momentum is. I think people maybe perceive like chips or something as like a new, uh, store of value, safe haven. I don't know. Uh, but that's the only thing that's working. And so I think the risk capital just gets funneled into the names that are still going up.
Yeah.
And it kind of sucks all the air out of the room.
Here's the NASDAQ versus the S&P now. It's, looks, it's looking like it's making a triple top here. The, the, the first top was back in 2000, and then the previous top was in March of 2021, and now we're back at that resistance level for the NASDAQ.
You know, we might blow through that. We'll see.
You know, we could go through that, and, but, you know, that could also happen with the markets going down. It's just that the S&P could go down more than the NASDAQ, but who knows? You know, most likely it will happen with the NASDAQ going up, not the NASDAQ going down.
Right. Interestingly enough, you're also seeing the, the dollar catch a bit, too, in this scenario.
Yeah. Again, it's perception of a, of a hawkish Fed and higher interest rates. But again, I, I don't believe that. I mean, if, if Worsh wanted to raise rates, they had an opportunity to do it yesterday. Why didn't he do it? Instead, he established five, um, task forces. I mean, come on. We don't need a task force, let alone five of them. You got an army of people already at the Fed, and he doesn't know what he needs to do. He needs to have a task force figure it out. It's like in the government when they don't want to solve a problem, but they want to act like they're doing something about it, they set up a committee to study it.
Yeah.
And, and that's what he did. Set up a task force, multiple task forces to study. I mean, one of the task forces is supposed to study the drivers of inflation. Like, why do we have inflation? Well, I mean, we don't need a task force for that. The Fed is the driver. The Fed creates inflation by choice. We don't, we don't need to waste money trying to figure that out. 100%. Here's another chart I want you to, to weigh in on. This is the S&P versus the producer price index. Commodities, stocks, again, outperforming commodities now for, you know, this goes back to the 1800s. Um, it's just, uh, just a, it's bottom left to top right. Last time we had a peak was back in 2000, that was indexed at 10. Today, it's indexed at 20 relative to commodities.
Yeah, well, you would imagine that companies in producing companies would outperform just raw commodities over a long period of time, but over short periods of time, and if you look at that chart, you can see periods of time where commodities way outperform stocks.
Mhm.
And I think we're going to be headed into one of those periods where, probably, it's probably overdue, but we had one. If you look at your chart, it wasn't that long ago we had a period there.
And I think we're headed for another one.
Yeah. I don't know if you can see the little red and blue, but the red is inflation. And so when the, when, when stocks underperform commodities, the chart goes down. Uh, in 2000, we had a big underperformance of stocks relative to commodities, and that was about a 10-year spread, and you can kind of see it there. And then before that was the 1970s. Um, you know, each one of these big moves up in stocks is always accompanied by a correction back down where commodities outperform. Um, but it looks like what's different here is that now you're starting to see some more pressure on the interest rate side of things. Interest rates appear to want to go up by looking at the 10-year yield, the 30-year yield. Um, whereas back then, you still had like this 40-year, uh, decreasing interest rate environment from the 1980s up until a few years ago.
Yeah, that, that environment has changed. I mean, we, the, that, that ended really in, in 2020 with Co, when you had just ridiculous lows in, in, in bond yields. But 2020 was the peak of that 20-year bull market in bonds where we had declining yields. Now we're in a major long-term bear market in bonds where we have rising yields, and I think yields still have a long way to go before this bond bear ends. So, there's an interesting relationship with yields and, um, silver here that I, I want to show you. I'm going to pull up a chart of the 10-year yield right now. So, here's the 10-year yield going back to the 1930s. You'll see 1982 to 20, to, you know, 21. Yeah, that's when you had this declining interest rate environment. Um, and then in the 40s, all the way up into the 80s, interest rates were climbing higher. Now, if you impose a chart of silver here, which is what it is here in white, you'll notice that they kind of moved in tandem. Um, here, uh, silver tracked interest rates from the 1940s up until the 1980s. And then when interest rates went down, silver just went sideways. So, does this kind of imply like if interest rates go up, should we, is that also some sort of tailwind for the price of silver and, and effectively gold as well?
Well, that's not what the tailwind is. It's the inflation that's going to be the tailwind for both.
Inflation is going to drive yields higher and silver higher and gold higher at the same time.
I see. And that's what was the big tailwind from the 40s to the 80s. Is that correct?
Right. And inflation obviously got worse in the 70s, and you could see the trajectory, uh, you know, escalating during that time period.
Right. Yeah. Just went shooting on a high, shooting on higher. I'm looking at some gold and silver mining stocks, and you know, you're seeing some a little bit of overperformance the last week or so with the mining stock side of things.
For example,
They went down more than the metals. Also now, and now they bottomed out a bit.
They, they've been showing some decent relative strength recently.
Okay. Well, let's get your thoughts on metals. Uh, gold in particular here. Where do you think gold goes from here? It's, you know, had a big massive move up the last three years. Are we just seeing your standard correction here where we're at?
Yeah, I mean, I think there's support around 4,000 for gold. Um, and so I don't expect much lower than that. Uh, and I do expect the uptrend to resume. It's hard to say exactly when.
Understood. And,
we just break out below that, that that upward, the top line there. That's resistance,
the slope downward sloping line.
Oh, yeah. Yeah. That one right there around 4,400.
Yeah, maybe 45. You know, we break above that, then I think we're just going to continue to make new highs.
Yeah. And in the grand scheme of things, I mean, you're looking at a descending wedge here, which is for the technicians out there. That's a continuation pattern to
the upside.
Yeah. And the fundamentals support that. So, I mean, the fundamentals, you know, are driving the market, and, you know, you can see it in the technicals.
Understood. What about silver? Silver's at 65 today. Uh, has it been at six? I mean, it, it looks like 65ish is kind of the support level here. You know, if you,
Yeah, I mean, silver had a major breakout when it went through 50, really the upper 40s, which was a double top from 2009 or 2011 and 1980.
And of course, we overshot once we really broke through. We just went, you know, straight up and got up to like 126. Now we've, you know, we've pulled back, uh, we're basing, uh, we've broken out, and we're headed to much higher prices.
Gotcha. Well, let's take it back macro wise, and in particular, let's talk about what could be causing this fervor in tech stocks, aside from the MOU being signed on Friday. That is the SpaceX IPO from, uh, what, been a week now, hasn't it?
Yeah. You know, obviously that's got people excited, but, you know, money that you invest in SpaceX, you, you know, you got to take it from something. It's not like there's an unlimited amount of spec money. I think some of it might have come out of crypto. Um, but yeah, I mean, the valuation is completely absurd, and they engineered it really by having an IPO where just 4% of the company was sold. It's almost like, you know, it's why bother? But I mean, they're doing it to get a high valuation, which is what they did. I mean, the company is now worth more than two$2 trillion. Uh, but, you know, that may not seem that amazing. There, there are, you know, I don't know, like half a dozen or 10 or some other companies that are worth over a trillion. But the difference is all those companies have earnings. You, uh, SpaceX doesn't have any, uh, and yes, it has revenue, but even as a relationship to its revenue, SpaceX is by far much more expensive than any other, um, major, uh, company.
100x revenue. So you would need about a hundred years to to break even on your investment.
No, that's assuming that you make money on that revenue, which right now they don't.
Right?
So you'd have infinite years. No, but obviously a lot of things have to happen, and investors are betting on a lot of good things happening for SpaceX, but, you know, there's a risk that bad things happen instead. You know, who knows, you know, and I mean, they have a lucrative business in, um, um, Starlink. Um, we'll see how that evolves over time. If they can maintain their margins, if there's maybe more competition, uh, the revenue they're getting from leasing their spare compute, I, I don't know how much longer they'll be able to generate that. They're generating it from now. Who knows what they're going to make with XI. It's very competitive right now in that space. Uh, and then you got space itself. You got, you know, how much money are they going to make in space? And I, I don't know. I don't know. They may never make any money on on space. I, I don't know what the plan is. Uh, I don't see a real, uh, commercial viability to just taking people into space. I think it's still too expensive for most people to want to waste their vacation, you know, in a tiny ship, uh, you know, orbiting the Earth, uh, you know, when they could be on a beach in Tahiti or something. You know, I, it just doesn't seem that appealing. Yeah, I guess some people might might go for it, but I don't see a mass market for space trips anytime soon. Hey guys, quick pause from the podcast, but this is something I feel is really important to let you in on. Back in 2020, before I even started this channel, I was looking for an edge, a way to find the big opportunities most investors never even hear about. That's when I found Capitalist Exploits Insider. From day one, it felt like I suddenly had my own team of world-class market pros working for me, digging up trades all over the world, doing the deep research, and handing me ideas that had massive asymmetric upside. Stuff that I would never even think about. Since then, my gains with them have blown past the S&P and the NASDAQ, and it's honestly the single best newsletter I've ever subscribed to. That's not me blowing smoke. That's for real. I've interviewed their publisher, Chris Macintosh, more times than I can count. In fact, my latest conversation with him is linked in the description box down below if you want to check that out, as well as a pin comment. And every single time, every time, I'm reminded why I've stayed a member for years. Right now, they're offering a special $1,000 discount on the insider subscription, but it's only for Capital Cosm viewers. So, you're only going to get it by clicking the link down below in the description box or the pin comment. You're not going to find this anywhere else. Click the link, lock it in, and start getting the same game-changing research I've been using since 2020.
Yeah, it's one of those bucket list things like climbing Mount Everest. And, you know,
I don't want to climb Mount Everest either.
Yeah, but there's, there's something to do, right?
What about Oh, you've got, you've also got Open AI and Anthropic IPOing as well. Um, so,
Yeah, I mean, we don't even know when they're coming. I mean, there's, Yeah, they're supposed to. Um, and I'm sure they're excited about it, seeing how well SpaceX went so far.
Isn't this emblematic of a top though? I mean, isn't this what happened in the 2000s bubble where you had a bunch of,
Yeah, you would think, you know, you would think, and, you know, the, the new issues are at a record high, and the Wall Street banks are making record profits in their capital markets on their deals. Um, I, I mean, yeah, we've had all this cheap money and all this speculation. Meanwhile, the trade deficits are getting bigger. The budget deficits are getting bigger. You know, look, look at the consumer sentiment numbers. They're the lowest they've been in history.
Consumers are even more negative about the economy than they were during the Great Recession that followed the 2008 financial crisis. If everything is so great, why have consumers never been so despondent that it, you know, obviously the numbers don't tell the real story? Uh, Donald Trump is the most unpopular he's ever been. Why? Because the average person's life is getting worse. Uh, so Wall Street is partying, but Main Street is suffering. And that's part of the inflation choice. When you choose inflation, you benefit some people at the expense of others. And, you know, the people who are suffering the inflation don't have the political clout as the people who benefit from inflation. And one of the major benefactors of inflation is the US government. And that's one of the reasons that they constantly choose inflation.
Yep. It's harder to pin down who the real culprit is behind the problem. Here's a consumer, uh, consumer sentiment index from the University of Michigan. So, yeah, you, you are down here at an all-time low, um, around 50 on the index. Last time we were at this level,
look at the other times it was that low. I mean, the economy was in recession. I mean, it was obvious that stuff was bad. Things are supposed to be good now, according to the government, according to the Fed. Everything is great. So, if consumers are this pessimistic now, what are they going to be like during the the recession? The next recession.
Exactly. What are any, um, any opportunities out there right now? The, this is a tough market to read in terms of,
Yeah, look, I still think gold and silver stocks are cheap. I think they've had a nice substantial correction from their peaks from February, March time frame. Uh, the metals themselves have come down. Uh, I think emerging markets still look very attractive to me. Uh, emerging market equities, emerging market bonds, uh, and, you know, selectively, uh, equities in developed markets offshore where you can still find good value. So, I think there's a lot of places that you could invest. I just think you have to stay away from the, the bubble that's in the US and stay away from crypto. And I think, you know, what's happening with strategy is not getting anywhere near the attention in the financial media that it should because this is a really big story developing. This whole thing is potentially on the verge of implosion, and, uh, that strategy is going to take down Bitcoin and the whole crypto market, and it's going to usher in like a wave of lawsuits too from investors who lost money, especially the ones who lost money in Stretch. Uh, you know, they're going to be suing, uh, because of the, you know, Sailor has clearly violated SEC marketing rules the way he has promoted Stretch, and so I think that's going to come back and bite, bite him and bite, bite strategy.
Fill us, fill us in on the details for those who have been keeping up with Micro Strategy, um, in that part of the world.
Well, Micro Strategy is the world's biggest buyer of Bitcoin. It's the main reason the Bitcoin price is as high as it is. Um, and but now the only way he can buy more Bitcoin is to sacrifice common stockholders because it has to sell its shares at a big discount to go out and buy Bitcoin. So, every time they do that, they dilute the shareholders, and each share is worth fewer Bitcoin. This is the beginning of the end of the whole thing. And I think ultimately strategy is going to be forced to liquidate his Bitcoin. And then, you know, who's going to buy it? You know, uh, they've got what, I don't know, 5% of the supply. They've got 800, over 800,000 Bitcoin, uh, that they're ultimately going to be selling. So, who's, who's going to buy that? You know, uh, the price is going to have to move a lot lower to affect those sales.
Interesting. Well, where do you see things going by the end of the year here, given everything we've talked about?
Well, I mean, I don't know. This, the stock market can go either way. Um, I mean, it should go down. Uh, but, you know, I don't know. I think gold is, gold and silver are going to break from this correction and they're going to be headed higher into the end of the year. That'd be my guess. Uh, dollar was now back above 100 on dollar index.
I'd imagine it would roll over and, and, and head lower, and I think bond yields, the real danger there is a big breakout in bond yields. Bond yields moving substantially higher, and gold investors recognizing that that's bullish for gold, not bearish, you know, because gold, it's, it's, it's real rates that are important, not nominal rates,
right? And I don't think bond yields will rise as much as inflation. They both can rise, but I think inflation will rise more. So that means that yields are falling even though nominal yields are rising. And, and that's a, a very good environment for gold.
Yeah. It seems like they're trying to protect this 4.5% level. Um,
yeah, in the 10 year, they really don't want to see it. And that's basically where we are. 5% on the 30-year, four and a half on the 10. Yeah. But I think we can go a lot higher than that.
What, I mean, what tools do they have to stop it from going higher if they choose to do so?
Well, open mouth operations, they can talk. Uh, but other than that, you know, the Fed can hike rates aggressively, but they're kind of boxed in there because we have so much debt. The Fed could try to step up open market operations, quantitative easing, and buy the bonds. But in order to do that, has to create more inflation, which is throwing gasoline on a fire that's already blazing. So, I don't think there's any real, uh, way out for the Fed. Uh, so again, this is a crisis. It's just a question of how soon does it hit.
And then now you've got what, like we're what, four months removed from the start of the Iran war. I mean, they're about to sign a deal shortly.
Yeah. I mean, basically, we're, you know, we're really surrendering, but we're pretending we won, but I don't, I don't see that we we accomplished anything whatsoever other than spending a lot of money, uh, for no reason, and, and probably diminishing our, our clout in, in, in the Gulf and, and maybe elevating Iran. That's basically what we did. But they also unloaded a ton of oil from the SPR, and you've got a four-month lag of, you know, they screw up the supply chain for over four months, that we're starting to see some of it register on the PPI, for example, up to 6.1% annually. Clearly, that's going to be filtering into the CPI. And if you've got increasing, increasing inflation, well, it's going to be a lot difficult to keep rates from going higher. No.
Yeah. No, it is going to be hard.
They can't cut rates of inflation.
And, and look, I think oil prices after this decline are going to head back higher.
Yeah, because it's not something you can just flip a switch on. I mean, according to JD Vance, right now, uh, 12 million barrels have exited the Strait of Hormuz as of today, but that's still a fra small fraction of what used to come out of the Strait.
Oh, yeah. We, and a lot of the, the new oil is going to be bought up to replenish strategic reserves that got depleted.
So,
and I think that the war could resume at any moment. We don't know. I mean, Donald Trump already said that he could start bombing them again whenever he feels like it. So, it's like, you know, who the hell knows how long this is going to be binding. And it's not even really a deal. It's just a deal to work on a deal. The actual deal hasn't happened.
It's a meta deal. It's an MOU. It's just equivalent to IOU.
Yeah. Well, it's a memorandum of understanding. I don't even know how binding it is. It's like, okay, this is kind of what we want to work on, and everybody has 60 days to come up with an actual deal, which they may never come up with.
Right. There's no guarantee.
It's kind of like, it's kind of like WH setting up his task force. This is, this is a task force to try to come up with a deal.
Yeah. But even if, even if you've got the best-case scenario, you've already baked in four months worth of Strait of Hormuz closure. I mean, isn't that going to already filtering in?
Yes. And again, you also have the added risk premium that the war could come back, you know, and Donald Trump said that he would never start a war. It was against all these wars. Well, now we know that that's not the case, and he may start a whole different war. It may not be the resumption of the Iran war. Maybe there's another war that he wants to start. I, I don't know. But he certainly is more likely to start a war now than he was before.
Yeah, for sure. And plus, you've got the midterms coming up. And,
yeah, I mean, I think that I think that that makes another war a little less likely given how unpopular this one was. So, we might, we may be okay until the midterms. That's my thinking, too. Um, they could just keep the ball rolling, keep the kick in the can down the road. 60-day MOU, they could extend to 90-day, 120-day, right up until you get to the,
Yeah, it could be extended indefinitely by mutual agreement.
Yeah, I'm looking at his approval numbers. He's at 40.5% approval, and it appears to be, it's not the lowest he's been technically. He's been a percent lower this term, but it's, it's on, on the,
Well, he'll take that out. I think he's going to go lower.
Mhm.
Yeah. So, what do you, what do you anticipate with the midterms coming up there? Are the, do you think that there's a good chance the Democrats take both h both chambers?
Yeah. Well, I think it's a pretty much foregone conclusion that they're going to take the House. I don't even think that there's much to contest there, but I think the odds still favor the Republicans keeping the House, but I have a feeling that they're going to lose it.
Yeah, I'm pulling up.
I just think the economy is bad enough that they could maybe pick off a couple of vulnerable, uh, you know, uh, Republican seats.
Yeah, the generic Congress vote out of off of Real Clear Politics is at 48% Democrats, 43% Republicans.
So that's about a five-point spread right now.
Yeah.
Divided government though, isn't that bullish for the markets?
To have divided government?
I don't know. I mean, I think that Trump has a lot in common with Democrats. So, Trump may be able to work with the Democrats to pass a lot of really bad stuff. So, we'll see. I mean, the good thing is the Democrats hate Trump, and they may not want to work with him. Even if the policies are policies that they really like, they may not want to pass them with Trump, and they may want to hold out, uh, for a Democrat in the White House in, you know, 2029. Yeah, that's one of the reasons why the market typically rallies when you've got, you know, a Republican president, Democrat Congress, or vice versa, because nothing gets done.
Yeah. I mean, nothing getting done is better than something getting done because whatever they do generally makes things worse. But we actually don't need a do-nothing Congress. We need a Congress that cuts government spending because we're headed for a crisis. But they're not going to do that regardless of who's in power. So, you know, doing nothing is better than doing more harm. But if we do nothing, we're still going to have a crisis because we need to undo a lot of the bad things that have already been done.
Right. But I mean, there's certainly no appetite for that. You and I, I think, we were talking offline about this. Greenspan was an Austrian economist, and, you know, when he was brought into the fold, he was just like, I mean, he pretty much,
Yeah. Well, as soon as the stock market crashed in 1987, he forgot all about that and just went right for the liquidity.
Uh, I called him out on it at the time. I was a young kid out of college, and I wrote him a couple of letters. He wrote me back. But I was like, "Why are you doing this?" And, you know, he gave me some explanation about why he had to do it. And, you know, history proved that he was wrong. He shouldn't have done it. Should have listened to me.
Should have. Yes. Well,
anything else you want to talk about, Peter, before we wrap up?
I don't know. I mean, people should just, uh, keep listening to my podcasts, uh, on my YouTube channel, the Peter Schiff, uh, you know, channel. Go to Schiff Radio. Follow me on social media. You know, I've got now over one and a half million X followers. So, I'm starting to pick up. I, I want to get to two million by the end of the year. But I need, you know, I need, uh, more people to follow me and get your friends to follow me. So, I could be more influential. I, I know there are people that get news on, on, on X. I want them to get some news from me. Uh, because there's so much misinformation out there, uh, you know, that's being pushed by the, the left, that, uh, there needs to be a counter. And I, I'm the best counter because most of the right no longer has any credibility. I mean, there are all these Trumpians. Uh, they're, they're just socialists pretending to be c, you know, conservatives or libertarians. Um, so I need to remind people, you know, what those positions really look like. And, you know, we're, we're headed for a major economic crisis in this country. I want people to know why, you know, that it's the government that is to blame. And Trump is part of that. Uh, but it's not because he's a free market capitalist. It, it's because he's the opposite of that. You know, uh, the policies that he's pursuing are similar to the ones that the Democrats have pursued, and, and that's why we're in a lot of trouble.
Yeah. Well, Peter, thank you so much for your time. We'll have the links to all of your socials and websites down below for people to check out. Um, guys, if you enjoyed this podcast, uh, drop us a like. Comment "Go Peter Go" in the comments section and, uh, hype the video if you're watching on your mobile.
Should pop up. If you like the video, they should give you an option to hype the video as well. So, if you don't mind doing that, I do appreciate it. Um, and then, uh, yeah, subscribe to our Substack as well, capitalcosm.substack.com. Thank you so much for watching everyone, and I will catch you all next time. Bye.
Take care.