Transcription
This is your World War II update. So JD Vance just told you what is going to happen in the next few months. Let's hear what he has to say. So I think what the president has told us to do is use thisou to sort of refill the world's oil economy. >> Yeah. >> To refill some stocks and then to see where the hand is. So I think what the president has told us to do is use thisou to sort of refill the world's oil economy. >> Use thisou to sort of refill the world's economy. That that qualifier is interesting. sort of is something that you say when you're trying to evade or dampen a response because for him to just come out and say, "Yeah, we just want the oil to get flowing so that we can get back to war." He's got to say sort of. And even the gaze aversion that he has here, like if you look at the way he's >> he he's really tense when he's answering this question. Like I'm not one to read too deep into body language cuz sometimes it could just be nervousness. It could be a lot of things. But this was an uncomfortable question for him to answer >> this. >> And he realizes that he probably shouldn't have said this at the same time or he should have said it in a different way. Now, mind you, I don't know what way you could have said it when it couldn't be so obvious, but >> sort of refill the world's oil economy. >> Yeah. >> To refill some stocks. >> Now, the world's oil economy is in a 1.2 billion barrel deficit, and that is sinking like a stone every single day. All of the world's oil reserves are being drained. The strategic oil reserve in the United States continues to be depleted despite what everybody is saying about oil coming out of the straight of Hermoose. It is sinking like a stone. Here it is. Okay. 325 million barrels. All right. And as you can see here in 2023 it was 345 million. They cranked it up to about 415 million. And I question whether or not they could have even went much lower at that point in time. Like why did they decide to stop? Was the oil price subdued enough at that point? Was inflation under control enough at that point? It's debatable. But maybe they can't go much further than this really is the question. And at these rates, at 10 million or so barrels per week, we got a few weeks left and Cushing is already approaching its bottoms or its operational bottom. So, there's really uh an oil crisis impending here. and he just admitted that the only reason why they're engaging in this temporizing diplomacy is so that they can buy more time to flood the oil markets, manage inflation expectations a little bit so that the Fed can turn on the money printers once again so that they can get back to war. And that's precisely what they're doing. In fact, when you look at the map now, the Boxer Amphibious Readiness Group is heading back to Iran. Okay? And so, despite what you're hearing coming out of Doha, there's conflicting reports of the Iranians and the Americans have agreed to tone things down a little bit for the next few weeks, I'm not sure why the Iranians would agree to any of this, knowing full well that the Americans are preparing to do a full-scale ground invasion. And remember, you heard it here first. I told you long before Professor Xiang was out parading every single thing I say that in the wintertime is likely when they're going to commence this next round of fighting because of course it's very hot there right now. And while being hot does not preclude US military engagements, it never has. But initiating a conflict in the Persian Gulf, especially now that average temperatures are much higher than they were back during the Iraq war, but doing some sort of amphibious landed invasion would be very logistically complicated if your guys are dying of heat stroke. So, I suspect that after the midterms, uh, once things have cooled down, possibly even before, it is very possible that, you know, the way Trump's been acting with respect to these insider trades and all the leaked information about his uh, crypto assets and things of that nature, it's almost like he's acting like he doesn't really care about being impeached or he doesn't care about any sort of legal consequences and that he's somehow indemnified. against prosecution for these egregious uh corruptive behaviors that he's just, you know, doesn't care anymore. And because that's because my original theory back earlier in the year that was uh also coped by you know who well that they're essentially preparing for a major war in the Middle East that will be so large that it's going to overshadow everything else as in terms of domestic uh policy and very well may lead to some sort of continuity of government protocol which would see the postponement ment of a major election in 2028 or things are just so bad that any manner of domestic affairs or Trump paints himself into a corner just like Netanyahu did with his legal troubles uh so long as he can continue a conflict, he will not be prosecuted under emergency war powers measures or whatever sort of thing takes effect. But the boxer amphibious readiness group which was at the onset of theou redirected to the Indo-Pacific is now making its way back to the Persian Gulf. So, you're going to have two aircraft carriers, and you are going to have these two amphibious readiness groups on route, as well as just copious amounts of military personnel in and around the Persian Gulf in the various military bases that are being fully restocked and ready to rock. So, from the Iranian perspective, it's important to understand the psychology here, okay? And just to give you a recap of all the ways that theou has been violated up until this point, pretty much nothing has been that has was allegedly agreed upon has been implemented. So Vance just claimed that they're just temporizing to buy time. Uh the oil sanction moratorum is active but according to Scott Bent Iran continues to only sell oil to the Chinese because everybody else is too scared to buy it out of fear that this is not going to last. Uh let's hear what Scott Bent has to say. This is very revealing. Okay, so take take a listen to this. This is incredibly revealing if you really read the fine print and you could tell that I think he didn't intend to say it in this way. We have open opened the straight of vermouth. We've removed the blockade. Treasury the at the we received instructions to unsanctioned Iranian oil. But Lawrence, what's very interesting is no one other than China who was already buying it when it was sanctioned has bought it. So it's still trading at a discount to China. And the Iranians thus far have not been able to sell their oil because, you know, the the buyers are a little leerary of will it be reanctioned? Will I get in trouble with Treasury? So, this is a reason for the Iranians really to embrace these negotiations. >> Okay. So, let me get this straight. You're talking about an enduring peace deal and you're saying that people who are in desperate need of oil all throughout Asia, they need oil. India needs oil. Maybe there's been some sort of pack made with India because you know JD Vance's wife and I don't know maybe there's something going on there where they're like look you're going to be the next China. We're going to move all the industry into your country. You just got to hold on. You got to make sure your people don't spend money on gold. We got to suppress the price of gold. you got to impose austerity measures so that you know we can reduce the overall demand and create a little bit of demand destruction and it'll all pay off in the long run. That's the only reason why any Asian country right now would be handicapping themselves by not buying unsanctioned or should I say sanctioned Iranian oil in the sense that it's now been approved to be uh sold on the open market. There is no reason why countries would not be capitalizing in trying to load up on as much oil as they can. Especially when you hear Scott Vent say that this is likely something that is not going to last. So he is basically saying that countries are afraid to buy Iranian oil because they don't think that these negotiations are going to last. When taken with what JD Vance said, this is very portentious. Now, we also have the issue that there's no funds that have been released to Iran. The military buildup has continued. The Omani US corridor remains active and this is the corridor that the Iranians have not agreed to which has led to numerous incidents of various uh oil tankers and cargo vessels being struck or targeted by the IRGC. We have continuous threats. We have widespread violation of the first um first uh article of the memorandum of understanding which indicates that it needs to be a total ceasefire across the entire front including Lebanon where Netanyahu just was trolling to do a photo op inside Lebanon right after they did what appeared to be one of the largest non-nuclear explosions So they claim in history. Okay. So that's how it's going. So this is all just a a facade. Uh these people lie pathologically. And if Trump can get away with rugging these shitcoins, doing 22,000 insider trades, the most of any president. Okay? And so that's why uh this that's why this all of this back and forth and this media roller coaster with respect to Iran because these guys are playing it on the way up and on the way down. Okay? And it's probably Trump's family even more so. But listen, when taken as a whole, a lot of people are saying, well, why is Iran playing along with this? And I think it's really simple psychology when you think about it because the cardinal rule of war, you got to put yourself, imagine if you were ruling a country, okay, if you knew that war was imminent, are you going to tell your population? No. You are going to tell them a noble lie. Okay? And now some of you might make a moral case for, you know, you you might claim, you know, in the best of times that you would do the right thing and notify your population that you were about to go to war. But chances are you would and your advisory committee would discuss the matter and you would quickly come to realize that that is not the best course of action. and you would justify and rationalize telling your people a noble lie because the last thing you want to do is trigger a panic. Okay? And this is historically precedented all throughout history. In fact, what you're looking at here, this keep calm and carry on was an expression floating around circa 1939 when World War II began in the United Kingdom. And the whole idea of it is just to try to be as stoic as possible and act as if not much is happening even though a lot is. Now the Iranians have demonstrated that they do have composure under these types of situations. Uh whilst under constant bombardment according to professor Mirandi there was very little panic buying. But I would say that that conflict uh at even though it was the most amount of air strikes in the shortest amount of time and greatest intensity and frequency in all of history uh it still is not a ground invasion. And so that's something else allto together. So the IRGC and the mosaic uh decentralized method of governance was able to manage the problem and people did not feel panicked in a way. And so if you know that a war is imminent, the last thing you want to do is act as though it is. So you're going to kind of play into this diplomatic facade as much as possible. You don't want to trigger a panic. You don't want capital flight. You don't want congested roadways. You don't want people selling off assets and it's skewing the economy. You know, people going into just trying to buy a bunch of gold, getting out of Iranian dollars. You know, these are all dollar realel I guess it is. Um these things can be highly disruptive to the functioning of a society. Never mind the disscent that might emerge and the civil unrest and the panic buying and all the logistical disruptions that could ensue. So all of this is perception man management. The you Iranians know that a war is coming. They know full well what's about to happen. The Iranian leadership knows full well when you have the Israelis saying something like this. Okay. And so this is Minister Katz in Israel said that Iran's Supreme Leader Mashtaba Kamani that he is marked for death. So this is why this guy's still in hiding. And I've said it for the longest time until this guy emerges, which he very well may at this funeral procession that's going to be coming up that they're preparing for that is supposed to see the participation of tens of millions of Iranians and Iraqis and surrounding countries. They're saying that this guy is marked for death. He describes the the Iranians as good merchants trying to extract concessions in negotiations and that Israel would not allow Iran to produce nuclear weapons. If they do it through an agreement, all the better, he said. But he basically said that this guy is marked for death. And so that really portends poorly for negotiations in the future. It's obvious that the situation is going to escalate. Now, apparently there's a ship that run ground in the straight of Hermuz. Some people are saying this is from a couple months ago. Uh but the the ship is still stuck there. Uh it's only being publicized now. Who knows? Uh regardless, there's all kinds of, you know, stuff going on in Hormuz that we don't know about, I'm sure. Uh we have Galibu getting ready to go and meet with Xi Jinping. This is just a couple days after Lucenko, the Bellar Russian president met with Xi Jinping, just days after meeting with uh Vladimir Putin. And so all of this seems to suggest a certain alignment that is currently unfolding here, the World War II alignment. Do you remember that meeting that Xi Jinping hosted where he had Luc Shenko and Vladimir Putin and Kim Jong-un and the Iranian president? I mean, they were all there and that's when you knew that all this [ __ ] was going to unfold. Now it's unfolding a little slower than expected and the moneymen are managing the situation in as good of way as they can I suppose uh considering the circumstances and so a lot of people are buying back in to the markets at record levels. Okay, we're going to talk about what's going on in the markets in just a moment but uh this is where the diamond hands really come in. This is where you need diamond hands. The fundamentals always bat last. People who were betting on the straight of Herm's closure leading to sky-high oil prices weren't wrong. It's just that in combination with market manipulation and the depletion of the strategic oil reserves, these are things that weren't adequately factored in. And so that doesn't mean there won't be comeuppants for those deficits in the future. There absolutely will be. And this is why diamond hands when it comes to precious metals, when it comes to commodities, anything that preppers tend to covet is eventually going to see its day in the sun. And so this is why I'm not at all concerned about such things. uh whatever investments you have, if they're in material things, if it's in stuff, I think it's future proof and eventually this super AI bubble that we're in is going to burst. Now, moving into the situation in Russia and Kiev. Uh this is the situation in Kiev tonight. People are holed up in subways and bunkers in anticipation of what will be a long night of attacks. Now I was speaking to professor or should I say Dr. uh Gilbert Dotoro today. We'll release that video tomorrow. We had a bit of audiovisisual issues so it needs to be smoothed out. But uh his perception is that there is a lot of division inside the ranks inside Russia. Now, this isn't everybody's contention, but it's his. And he believes that Russia will be forced to act in a manner which is very decisive and on a whole other scale of intensity than we've become accustomed to prior to September or Putin might not be politically long for this world. Okay? And so he doesn't believe that it's going to go nuclear per se, but quite frankly, I think that's Russia's only real option at this point in time. And I don't think it means or necessitates using a nuclear weapon inside Ukraine and certainly not on uh any civilian target. Uh possibly not even on a military target. But there needs to be a re-establishing of cold war era paranoia. that was a sufficient deterrent that stopped these things from escalating in their tracks because now the stakes are getting higher and higher across Russia. Okay, they've effectively closed the borders between Latvia, Estonia, and Finland, the railways that is because they're concerned about possible sabotage or terrorist attacks. They didn't give a reason, but this is very significant. That's what this thing is saying right here, this memorandum. and uh we also have gas prices across Russia skyrocketing and just they're just putting zero on it because they don't actually have gas in around 20% of the country. They're real shortages. So now you're seeing panic buying and you're seeing people stock up on uh gasoline uh containers and uh jerry cans and things of that nature. So it's getting very serious. And it's interesting, isn't it, that Ukraine really ratcheted up its attacks on Russia's oil and gas and only when not only but the majority of these attacks have come in the last 3 months during the Iranian war because the US and NATO didn't want Moscow to benefit from high oil prices. Okay. Uh, speaking of supplies, I must remind you we still have the 20% off deal for freeze-dried wholesale food. It's a limited offer just for the Independence Day, July 4th. The best freeze-dried food company in the world, bar none. Stop eating the slop. Stop supporting the companies that make the slop. There are so many exploitive, [ __ ] companies out there. And this is why I've never sold any of their food unless it is freeze-dry wholesale, MountainHouse, Backpackers Pantry, Neutra Store, um, a few other mom and pops. I would not support those companies. They simply don't care about their customers. They're pumping fillers. It's slop. It's just it's not nutritious at all. They don't even include real meat in half their varieties. They just depend on people's impulse buying and lack of knowledge uh to support their business model. And so this is why you have to support real prepping companies from real preppers. All right? And this is like the top of the hop creme deme cuisine. You're getting 20% off for limited time only. Use the coupon code Canadian prepper in the description below if you want to support the channel. Now, I believe that sale is on till July 4th. And so, you can see there's very few Russian gas gasoline refineries that haven't been hit recently. MS is the only one and I think that one was hit not too long ago. Uh they're not all out of commission, of course, but it's definitely having a delotterious effect. There's no doubt about it. So this is going to become increasingly more problematic in the future. There is an allegation as well that uh Russia has requested border closures and these are unconfirmed reports. Okay. That Russia is asking neighbors like Kazakhstan, Georgia, and Azarbaijan to create technical border slowdowns this fall, making it harder for Russians to leave ahead of a possible major internal event or mobilization. There's been rumors of a mass Russian mobilization this fall for some time. this would be concomatant with the mobilization in Bellarus because apparently they've turned the relays back on along the border that are directing these drones and missiles. So I would not be surprised tonight that we come to find that the Bellarussian relay stations were active throughout this attack. So the drones because they don't have access to Starlink anymore. They do have their own satellite system but not the low earth orbit that can really help uh guide these missiles and and drone systems. They have other methods and I'm not an expert on it but the Bellar Russian re relay stations have played a role in a lot of these attacks. So Zalinsky gave Lucenko an ultimatum a couple weeks ago. He said if you continue to uh abet the Russians in their attacks on Ukraine then we are going to attack you. According to Dr. Doro he believes that the Bellar Russians have the capability to not only defend themselves but actually enter into the conflict and decisively turn the tides of the war in Russia's favor in a way which is which is more definitive. Uh right now, yes, Russia is advancing, albeit at a snail's pace. He thinks if Barus enters the war and of course leveraging its nuclear deterrent potentially that they can actually expedite the the conclusion of the conflict. I'm not so sure I agree with him about that. But what we're likely going to see here is some retaliation towards Bellarus after tonight is over. And usually when the Ukrainians do things, they do it pretty fast. So things are really intensifying along the eastern front. There's no doubt about that. All kinds of signals that things are falling apart diplomatically. You know, you have a lot of persona nonrada being declared across various embassies in Eastern Europe. And I think that the Iranian war being put on ice is not good for Vladimir Putin because that gave him a little bit more leverage. You know, when that thing was spiraling out of control, he could say to Trump, hey, you know, we're willing to make these concessions if you're willing to make these concessions. Now, if Trump knows that he has that situation under control, then maybe he's less inclined uh towards making those types of concessions that might reach some level of agreement that could temper the situation a little bit. So, apparently there's a in other news, uh I think we talked about the Sentcom military buildup. We talked about that. Just to make sure we've covered everything before we move on to financial matters here. Yeah, big attack tonight. They're claiming that there's going to be 1,200 drones. I think that this is going to be another vapid attack. I don't think it's going to be significant and it's only going to elicit more of the same from Ukraine. They're just going to continue to bombard Crimea, which I think the reason why they're not targeting the bridge in Crimea is because they're trying to leave it open so that people can evacuate. As many Russians can evacuate as possible and just make life unlivable there and then they're probably going to blow it up. So we got calibers, we got Kinszalls, we got Onyx missiles, 1,200 drones, massive salvo, likely going to be the biggest on record. But again, you know, to what effect? uh it doesn't seem to be discouraging uh NATO at all. So this is why Putin is under pressure. Galibu has said that Iran was unable to export oil during the US blockade of its port. So he admitted that the Iranians were not able to export oil, which is interesting because a lot of people at the time were saying, "Well, there's all these alternate routes. So you can send some by truck, you can send some by train, you can even skirt the coastline and use the uh Pakistani waterways to ship these things and the United States won't dare, you know, to try to interdict ships in Pakistani waterways. Well, apparently not. So they were completely cut off uh from their from the global economy and of course that's their main source of revenue. He also said that after the 60-day period, they do intend on charging transit fees or some sort of environmental fee. So again, theou is just a bunch of BS and they're simply trying to buy time and you won't hear that from Iran. People are waiting to hear Iran say something that is confrontational, but they won't because they know it's inevitable and they know they're not in a situation where they have escalation dominance. So, they're just waiting for the US attack and that's when they're going to retaliate. And when I say they don't have escalation dominance, I simply mean they don't have nuclear weapons, at least as far as we know. Larry Johnson seems to think they do on the basis of information he received uh from an alleged inside source. We'll talk to him tomorrow to see if he his views on that have changed. But yes, there's all kinds of infrastructural nodes they could target throughout the Persian Gulf that would be economically devastating and you could say that that is somewhat of a nuclear option and that that respect in terms of their dominance over the straight of Hermuse and not even full scale dominance even if they're only able to hit 1% of ships going through there. It creates a situation where no ship wants to go through there. So I think the US realized that that ships despite maybe coming under this umbrella of protection which is very costly even though they were able to smuggle several ships through most ships don't want to anyways for insurance purposes and just the fear that they might be the 1% that actually gets hit. I'm sure it's much higher than that. So yeah, uh Galabou has essentially said that negotiations with the US are finished until Iran gets its frozen funds. There's all kinds of mixed messages that there was talks in Doha and that there wasn't and that the talks that happened were trilateral between the Qataris and the Pakistanis and the Iranians and that the US wasn't involved and so all kinds of mixed messages. It's all just a buy time. There's going to be a big ground war. That's obvious at this point. There's no other way this can end. Based on the comments and the Freudian's lips of JD Vance and Scott Bent alone, I think uh that is that is well substantiated. So in this upcoming uh China visit, Galabou has indicated that the purpose is to develop strategic ties. Now, he doesn't say military ties, but this is certainly indicative of that multipolar shift. And if the Chinese are going to openly support the Iranians militarily, that's a huge game changer. Donald Trump came out today at some event which was completely unrelated, a bunch of cowboys in the background and he was talking about how they're going to take the Panama Canal from China or something to that effect. So yeah, that's how it's going. Anyways, okay, let's talk about some of this financial stuff here. So this is the Trumpcoin chart. Apparently he made 500 million bucks off this. I think it was more like 600 million and the coin is down 96%. I can't believe that he got away with that. This has to be one of the most brazen and uh blatant presidential financial misconducts in history. like the fact that he's getting away with it is truly baffling to me in terms of what's going on with the wheat situation. Apparently, and I have to look into this a little bit more, but apparently the US wheat production as a consequence of drought and other things, perhaps fertilizer issues, but I think it's primarily drought related, it could also be a diversified crop, and that's what I'm not too sure about. So, I don't know if this is a consequence of the inability to grow wheat or if it's just that farmers are choosing other crops. So, you know, be careful about reading too deep into this, but apparently 32 million uh bushels or is this harvested area? 32 million acres. Yeah. Would be a lot more bushels than that, wouldn't it? So, the last time we had those numbers was in 1877 approximately. That's the closest. So wheat production in the US with tractors and diesel and all of the big agricultural force multipliers that we use nowadays uh post green revolution we're only producing or I shouldn't say we we in Saskatchewan are producing that much alone mind you this year we're now dealing with it being too wet so that might actually impact the crops. Um, but this is really incredible. The 1877, you know, there were no tractors. Okay, so they they were doing that with uh the horse and plow. And so that's really really remarkable that that that's the case. Now again, this could be something as a consequence. Maybe they're growing more soybeans and barley and other things like that. Who knows? But that's uh highly problematic. In terms of gold allocation, this is an interesting chart. Central bank and private gold allocations reached 30 and 40year highs. Okay. Now, how high was it before? Well, back in the 1980s, the gold allocation by private investors was 8.3%. So, that means if you had a hundred bucks and you were an investor, 8% of that 8.3% of the $8 of that would be allocated towards gold. And in terms of central bank gold reserves, uh 62% was in gold. Today, central bank reserves only account for 26% in terms of gold and private investors only 2.7%. So, I'm not sure what the mean is here, whether we've approached the mean or not, but you can see throughout the dotcom bubble and pretty much since that period of time where we started printing a lot of money, there hasn't been a lot of allocation to gold, but that is changing. And this just shows you how much room there is to potentially run in that respect. And I'm not sure if that this is even entirely up to date because by the looks of things, this says 2025. So, this would have been about where the price of gold was back mid 2025. Like, we're kind of where, well, maybe not so much cuz I think it it was late 2025 when we hit 4,000. So, it's hard to say. Uh I don't think it's much more than it is depicted in this chart here. Trump made more than 22,000 trades in 2025. 22,000. How many did Biden do that we know about, right? And this this does not uh there was Nancy Pelosy's insider trading and I'm sure there's a lot of people around Biden that are doing insider trading on his behalf. Uh Trump won. Apparently there wasn't any. So why Trump too? Why all of a sudden is he just opening the floodgates? Does this guy actually not think that there's going to be another election or that there's going to be no recourse uh for what appears to be something which should in a fair and just world have you impeached? Semiconductor weight in the S&P 500. So right now semiconductors account for 20% of the economy in the United States and that is an all-time high. Conversely, everything else represents 80%. And so this is where the bubble is in these semiconductor stocks. The thing is where and how are they expecting to profit cuz they're building all these data centers on the promise that eventually somehow they're going to generate revenue. I guess the bubble bursts when they realized that well okay we got all the the loans and we got levered up and we bought and built all these data centers to build AI or AGI or you know just create AI slop or whatever the purpose is social media um various Orwellian applications and eventually they will have to report their earnings And as soon as investors lose confidence, I guess that's when the the bubble bursts, when the AI centers get built and there's no money coming in and there's no prospect of money coming in. See, right now they're able to build out these data centers because there's a race for AGI because there's the promise that it is going to create robots that do a lot of work and are more productive and that there's going to be some sort of payoff down the road. Well, if that doesn't manifest in a timely fashion, then of course we will see a massive pullback. This is US crude oil production. So, you can see that essentially it's not that much higher than it was in 2021. And it's not going to be able to go much higher if oil is $65, $70 a barrel. It's just not going to happen. Okay. uh Claude was allowed to export once again and so there were restrictions placed on it. Uh the Pentagon had uh impose some sort of measures that prevented Claude from being exported to other countries and suddenly they removed those restrictions which makes me think that they probably nerfed it and they likely are throttling it in terms of its capabilities. And so this is why they're permitting it. You're never going to get AGI. Okay? And if any one of these nerds tries to convince you, whether it's Elon or Alex Karp or uh whoever is in charge, the guy, I can't remember what his name is, the guy who, you know, is the CEO of Claude. Um they're going to try to convince you that they're going to, you know, do no evil, as Google used to say, don't be evil. That used to be their tagline. They changed that, by the way. But what are they going to do? I mean, they're going up against a bunch of gangsters. Okay. So, that's a very fast conversation when the men in black come into the room and little Mr. corporate CEO who has all these pie in the sky ideals of how the technology should be used. It's going to be a very, very short conversation. I always say, you know, people in prison get killed over cigarettes. If you're creating something that can build some sort of weapon that can counter nuclear weapons or build, you know, an omnisient system, uh, that could develop new technologies, understand new physics, yeah, you're going to get your cage rattled real fast if you try to export that and it's deemed a national security threat. So, you know, these guys are going to play ball until Skynet's built. So, don't be convinced that, you know, Anthropic is going to hold out and that they're going to somehow be able to fight the Pentagon on this. It's never going to happen. Elon didn't do it. Elon fell in line. They all fall in line. How AI boom compares with boom bus cycles of the past. So, we have canal mania. I'm not sure when that was. Maybe that was that must have been prior to railway mania perhaps. um the.com bubble,.com boom. And so this is the amount of years along the bottom. So it looks like we could even still be early. It's hard to say when things peak. Things tend to peak around the fifth or sixth year. They're saying we're in the third year of the AI boom. Is that correct? I'm not sure. I guess we'd have to go back and look at Nvidia because that's what really kind of started it all. Mind you, Tesla was a bit of a precursor as well with self-driving. So arguably we're already in the fifth or sixth year here. Uh we're certainly seeing more percentage allocation and as high valuations. The roaring 20s, that's when you had like the telephone and uh radio and uh what were the other ones? The automobile and uh I guess maybe movies at one point were were factored in there too, but there was a lot of stuff happening in the 20s that that fueled all that leverage. Uh, speaking of leverage, I got a graph here that shows exactly how levered up things are. Margin debt as a percentage of M2. So, this is money that is being borrowed to gamble in the stock market. And as you can see, so this is the dotcom bubble. This was the financial crisis. And here we are. So, it's pretty obvious to see what is going to happen next. M2 money supply just seen the largest monthly increase in five years. So that's going to be very bullish for gold. What else we got going on here? Um what is this graph? Okay, so this is I don't know what kind of death cross this is. We're going to have to give this one a new name. But this is office construction versus data center construction. And I think this will historically be looked at as a major turning point because what this is saying is that data center growth is out now outpacing office space and commercial space and this is why you know when Cente always talks about the commercial real estate bust. I think this is it. I think we crossed that line and it looks like it happened in September. So this means that you're building less office spaces because there's less of those types of jobs and those jobs are going to now be done by AI. That's really what this means. And this is a very significant chart. So I'm sure if we continue to see this trend, then that's when we're going to start to see the economic fallout of it. What is this one here? Oh, this is uh you know, it's just good to be grateful. I I don't like showing footage of this kind of stuff, but this is Venezuela. Thousands of people dead. And so, just be grateful for what you got, you know, because, you know, and the way things are going, there's so much calamity in the world that any day could be our last. So, we just got to enjoy it to the fullest. I found this video to be highly dystopian. I believe this was in France. And uh you can interpret this in a lot of ways, but essentially you have uh the police using their water cannons to keep people cool. And so there's so many dystopian overtones here. I mean, yeah, it's weird. You know what I mean? I mean, you could uh symbolic in a lot of ways of of what the future has in store for us. And France is about to get hit with yet again another heat wave. And they just don't have the infrastructure there to endure those those intense heat waves like we do even here where I live where everybody has to have air conditioning because I live in a place where it's coldest in the winter and in many respects it can be the hottest in the summer. Uh there's certain parts of British Columbia that are hotter. They have some aid climates there which are more desert-like. But uh on the whole I would say that if you factor in the humidity that we get here in the prairies, it can get very very hot. So you got to be prepared. And uh air conditioning, I think I've said it in the past, if you know companies that build air conditioners, that's that's going to be a futureproof industry. Unless there's some new technology that they discover that's going to uh allow us to cool the air in a more efficient manner because, you know, once we pass that wet bulb temperature red line, then uh that's when things are going to get very challenging. Guys, I got to get going here, but I'm just going to remind you one more time, if you want to support the channel, check out Freeze Wholesalers in the description below. This is money. This is an investment. that is only going to continue to to appreciate in value in the future because food is always going to be needed and food just keeps getting more and more expensive. So in 30 years, who knows how much Alaskan king crab and freeze-dried shredded beef and shrimp and things of that nature are. And there's very few companies that are selling actual meat products right now for the way things are going, especially in in this place where they're blasting people with water cannons to keep them cool. Meat could be illegal in the future if they're I mean, we're just really one stones throw away from some epidemic that wipes out uh you know, the cows or the pigs and the chickens. And who knows that could even be artificially engineered. Maybe it will be engineered by AI. Maybe that's where everything comes together, right? Anyways guys, you take care and uh thanks for watching.