KJCE 1370AM>Audio on Demand>>Living Wealthy Radio Podcast 3/9/14

Living Wealthy Radio Podcast 3/9/14

Mar 9, 2014|

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Automatically Generated Transcript (may not be 100% accurate)

Welcome to living well you radio with your -- -- come. Good afternoon you're listening to living well on radio heard every Sunday afternoon here on talk radio thirteen 70 AM. Streaming live in the top thirteen sanity dot com I'm Teresa -- helping you live wealthier. Resources are available for you living while you radio dot com. You're. Overruled. Me. He's awake at night worrying about your financial future -- thank you and I are going to be able to get out of debt polite be able to retire comfortably. Can I depend on my pension plan for a one K plans Social Security payments. I've been promised. Are you confused. By the conflicting and investment advice spice so called financial gurus. You are not a loan there is so much uncertainty. And instability in our economy. And recent trends and government policies. Police seem quite alarming. But how do you cut thrill all the confusion and the not the best steps to take to secure. And maybe even booster financial security. While Kathryn Austin -- is an expert on economic trends and investing. And she's going to help you better understand. The current financial situation. And how to take control of your future. Welcome to the -- Katherine. Treated you for having me now my pleasure so you are at the publisher writer of the -- report. And one of you know I've been telling you for years and it's. -- did the first thing that struck. That -- about you was a quote that so. That you had to. And said some time ago to -- and the I think you're an investment banker investment advisor one point. I would and doesn't panic on Wall Street as a partner at a firm on Wall Street and then. Went to work in the federal government interest Bush Administration the most concerted investment bank. And then when I left side started -- -- and started publishing the Chilean report and and then became a financial well and investment -- or -- management. Well that the quote that I am referring to am. Was one that -- long ago I made a promise that I would never act against the best interest. For the excellence of my own people. That I would do my best to ensure that we were worthy of the stewardship of our world. And that we did our best to leave a better world for generations. Yet to come. So working. In the investment world how did this. This principle that obviously you held dear -- conflict. Where is your job. Finally you know it's funny on Wall Street it didn't I was get a kick out of doing those things they're really. Made a tremendous difference to the economy itself. My first claimed as payment for their written up until this week because parents whisked the leading banker on re capitalizing. New York City Subway system and at that time it was the -- this deal because everybody's so they couldn't be done and it came to me that's since the entire New York economy. Depended on the transportation systems continuing to operate. That there really as a way to get them so I -- I was always Syria attracted to doing things. Which to me had. -- you know what economists call an elastic demand at a very essential and basic to the economy. And what happened was when I went to work. I went to work in the Bush Administration the first bush administration's assistant secretary of housing. And what I discovered was that when you look at government investment -- basically discover incident essentially have a negative return on investment. You know and so in many respects -- see different aspects of government investment which are. Harming places more than their health thing I always I have. A particular. Today if skin skin when it comes to the food stamp program. Because. I don't know if you know this but if you if you get food -- which many Americans now do. And you pick up the phone and an interdependent states she called the servicer if you have a question really need help secure food stamps you get somebody in India -- working for JPMorgan Chase doing your job. That's if you were killing that joke here in the United States Hugh Hugh would not hatred. And so. Oh my goodness. Yeah and so essentially the American government is paying twice. You know for for one thing because you have so many people on unemployment compensation anyway so. -- IE. Hey you know I what I discovering -- ran into an enormous amount of mortgage fraud and Carter. Q what I would cult of optimization of federal government money and that's eventually. You know I decided I can work for big government or. You know big corporation -- can work for individuals Kazaa account so much of government policies worry it's managing. You know as large businesses. In parts of those businesses to compete geo politically on -- successful basis he had this real pension is are you gonna do. You know -- that centralized -- can compete globally -- are you gonna do it economically healthy and too often government running sort of in the middle of it anyway. So I decided that I wanted instead to work for individuals and that's why it started -- -- -- first started he just is responding people would send -- articles for questions -- I'd respond by email and the next thing you know it grew into this country report. So now what we do -- we have to say it's had its -- Once a week and we have a blog some of which is public it's -- dot com. And some of which is for subscribers only and it's it's really -- Our subscribers to people who want. See the deeper you can -- understand what's really going on and how that relates to things that impact their time their health. And their money you know their well being very very broadly defined. So. Politics aside -- Does our government support did big bankers the big players are they really and it's the little people. Well the government. You know. -- -- it's a really important to understand I think that there is no. -- government and other which you have one. Big budget and made a very large clinical federal credit mechanism he had an enormous financial operation. Combined with the budget amendment and the taxing operation. It it is not a sovereign government in the traditional sense so if you look at its operations containment systems they're really run. By a series of large distance and other contractors and big banks. So they don't have fans and of course the operation is highly dependent on being able to issue treasury securities and currency. That is highly dependent on the military. And you know they. Basically sailing around the world are watching the catalysts around the world and making sure everybody can expect her to -- -- the central banking more from model so so that you don't have financial sovereignty. In the traditional sense of the word you also don't have information sovereignty. So -- all -- you know again if if all of your telecommunications. And information and payment systems are run by president. Companies and private thing she really don't have privacy. And so. And see you end up with many different agencies and many different factions and it's faring much hybrid. Street that kind of thing you know should have let. -- it doesn't call I've been here -- military industrial complex it really is a -- British public and private. And those. Entities are competing globally and so. A lot of how things are organized is to serve those interest now. There's lots of attention and factionalism SEC ulcer it's so exciting squabbling and -- sharing. Among different factions but you know it's hard for me to think of and it is should be government. -- government is very much. Wrangling with sadistic deeper issues -- economics and and power and money let me give an example have you ever heard or read Clinton's jarring. Now. OK so this is a perfect huge I think the bullpen. What the federal government -- wrangling with. I was. Announced. Many years ago to give a speech wonderful group of people called spiritual frontier foundation. They have a conference twenty year. To talk about how we can help they can help -- -- our society spiritually for their interest in the series. Much more scarcely conscious world. And a friend of financing give a speech and how the money and works and organized crime which became the jury. Famous article called -- dollars for beginners and the idea was to teach people about the intersection between. High margin illegal businesses AKA organized crime and Wall Street and Washington -- and in the middle of the speech explaining that. -- spokesperson from the Department of Justice. Several years before had told reporters that I was helping -- -- church that the US economy wanderers. 500 billion to trained killers of all legal funds. So I think to this wonderful group has spiritually evolved people what would happen if we stopped in the global leader. And wondering. -- should not transparent cash -- -- -- well you know we have a problem because we have trouble financing the government deficit ridden the money would go to other stock markets so. Our 401K era hiring would go down and and and I the but such an OK well let's pretend it's a big red button up on the lectern and if you push that button you can stop all hard narcotics trafficking in your community. Your neighborhood your counting your state tomorrow. Also attending the people who control 500 billion to change eligible illegal funds through here will push the button and out of a hundred people dedicated to. Evolving our society spiritually gets so many would push a button. And now and one is that togetherness and. Why would he -- the sudden they said we don't water -- kids to go to and we don't want our government check the stats let's inform me. Didn't sit up a. So -- imagine you're -- in the United States for for you to make a significant. Change. Record 80% or more of -- very high consensus of the American people. So create and make a big change so imagine. You get elected president of the United States and he turned to York. Your political guy you're Karl Rove freer James Carville looks to me offices is okay the American people just spend. A billion dollars in mortgage collected -- what they're checking -- won an increase in their Social Security check prevail land. The community collective element grander scale wind you know more tax subsidies -- one. Their chat feature to the secretary of the treasury and the secretary says he better be nice to those people who control silence particularly in two trillion dollars a year called dirty money. And the accumulated capital there on the figure kind of that's what I mean -- you're not a nation that has to have financial sovereignty. Is there such a country and the world. Yeah I would think Switzerland. Was doing pretty well until the Department of Justice targeted. But let's say they are really suffer and well here's the thing that we we live in a world. We error unfortunately. A great deal of economic decisions are decided by force. Or the threat of force. So I would say you know Switzerland is certainly need it in the way that they are governed. I would -- are highly sovereign but they also cannot. -- you know there's so much there's only so much ability to withstand certain kind of force. So and you know it's an interdependent world and its -- -- interdependent. Economy. Come to give you some examples there there have been several times when the American people had a consensus devoted over 80%. And basically told the machinery just stand down so. On home schooling they basically -- to the people who control the 500 billion to a training here. You know now we want to be able to host collection and so on gun control -- You know last year we saw a -- at the king now. And the administration tried very hard to get can control but I think -- too many people in America who understand the relationship. Between the economic helped -- -- -- have government functions like eighty taxes Social Security these other financial policies and whether or not the population of the arms so. You know so they failed completely there are so. That it would interesting is if you look at the polling only did bill have seen do you have more than 80% consensus is my understanding against the bailout and intelligent at a time when the 500 trillion should -- dollars a year -- folks -- So -- -- -- -- so much the last five minutes and you know our star Katherine. A fantastic right we've got three shows right here are found. So who are these people that control the 500 billion to one China I see an applicant names that. Are are they the ones that -- you know I mean the mob the mafia are they domestic -- Here's the thing it's it's this very organic protecting about a system I I caught the central banking more sure model which has gotten a term I -- from James Turk. You know this is material models been going on for 500 years. And if you look at all the different groups and and and groups that manage what I call intergenerational capital. Because you're talking about pools of capital that have been built up over centuries. And are highly managed so it's a big planet -- people involved. And I just did this career her furcal the breakaway economy -- one where walk through -- who is this you know and how does the system more because she's got -- the series -- corporate and corporations and banks and insurance companies and then they roll up into the into that series of institutional investors in them they roll up into smaller intergenerational told the family equity capital. And of course you have these cost cutting governance groups. You know the did what I would say it's G-7 and G-20. And then broke loose sort of secret societies and other organizations. Melissa later Purnell is they never ask about whether there is a conspiracy if you're not in when you need to start when -- -- in my experience they're literally found in. Anything in the world -- trying to quietly by people who make plans. So. So I don't think it's that you know we're not talking about a small system we're talking about. A pretty large system in the and that if you want to understand the system you have to look at the fundamental economics of and that is. You know if did did treat things that make four. A tremendous value in the financial world warning if you have a positive cash flow. Q if you can leverage that cash flow with a couple Pete strayed traded stock. Three you can get that stock to a hearing high multiple. And for you can leverage that would bonds and derivatives. So the players who can complying. High margin businesses. You know without kind of financial leverage on a long term data access are the most successful and of course that kind of financial engineering has been. It's against them. You know the power behind the Anglo American alliance. And the decision was made in the ninety's to basically. Pull all the capital out of that part of the world and reinvested globally. You know essentially. Rebuild that model on a global. Basis since -- rebalance the global economy. To the point where instead of having the developed world in the undeveloped world everything is equally developed. And of course that's a very dangerous risky and and painful transition to. We'll certainly. Especially cents if we're trying to balance everything out -- and that means those that are -- Must come down and those that are down. As someone argue would continue to be down -- may come up a little bet. That what does that do to America and our. And and the quality of life that we've enjoyed for our. So long. Well I think you know the way I described it and I just -- appreciative annual wrapped up a nuclear power which was just excellent and giving it a broad overview. What happened in the ninety's we've we've passed them. The channel agreement entry into aircraft terrorists that your -- around and created a World Trade Organization. And thus began a process so I called the financial critics. Where I think what you saw was. The United States in the -- basically taking capital out of North America. And repositioning. And broadly and essentially saying look. We. You know before the baby boomers retire they gave -- to put an enormous amount of money into pension funds and other vehicles for for the baby boom boomers retire let's shift that capital Alec. Helped hold out of government had a pension funds and reinvest it. In a way it will make America strong globally -- you know sitting now while I capitals there. Flip switches to building a more powerful global economy. Instead of paying for nursing homes. So my estimate is about forty trillion dollars was shifted out. American government and pension funds and retirement serious. -- arrangements. And reinvested probably now that's. You know I think many Americans would say that is so horrible thing to do you. And I think the leadership would say you know we did what we have to do you. To ensure that the economy and you know the Anglo American alliance. Continued to sort of control globally. So we're gonna look at an -- dispassionate basis. You know I think that their attitude was they had the power to do it and so they did it. Now what that means is we're now looking. At an economy that's incredibly divergent. You've seen massive amounts of ownership and capital -- essentially. Under central control. And the broad. Sort of basis -- little conflict in America really diminish dramatically. So that's a bad thing for us. Shows Americans. -- I would say it's said it's a tough. Situation for most middle class Americans there are others who would argue. The debt capital is now making it possible for people who live in property globally. To improve their lifestyle. Now. You can argue on both sides of that because few places where they're much worse softer places where they're better off. But it's certainly need. You know we're certainly looking to determine. Mind you just a breakaway civilization. You're looking little leadership which is proceeding. Outside of the laws and the rules. You know that we had to leave between four. Operated our society so they're basically saying look we're just gonna do it we have the we have the power. To deal we have the financial and military target do we're just gonna ignore all if you were just gonna do it. So it's been committed to re engineering global governance -- just do it must -- And and I think it's very important to understand that history. How that group got the power to do it. You know and basically ignore the constitutional. Also never forget. I was in a meeting with the secretary of -- in 1980. It's probably 89 or ninety and. Still having a temper tantrum and are there regional director from California is very minister regional director -- made a decision needed or like. And and the secretary. Castigated amendment and the regional and it administrators said that mister secretary. You know I had no choice it was the law. And the secretary look at it like it is completely -- to the law the law I have to give a lot I refer to a higher moral authority. And you constantly got the impression at that time that. That you know no one believed that they had to date on their forget to General Counsel. Advising the secretary of they were sort of a vehicle lines in this that that sound. That they should go ahead and do something that would basically abrogated billion dollars of contracts and and he says look by the time they went in court don't worry will be -- She's -- bankrupt you know scored just companies by abrogating contracts. And just police have -- and you know he knew was illegally knew we had no legal basis should just let their attitude let's just do it. You know -- nine. What are my favorite sayings is what I learned to and in business goal and a mosque goal about how money. And governments and law and justice really works. Does that put the big fat lie. To -- of -- that nickname to nickname went out and Washington as the Department of Justice is still JUSTE. Heisman you have. The fact that you. It's my -- but it won't. The one thing I should point out is there're so many wonderful people in government -- that. The amazing thing about all of this is the most in that kind of people went to work. OK okay I'm there for 12 Kathryn let's -- for not a break and when we get back we'll just. Continue to secession it's fascinating we are today with Katherine -- this. The publisher of this layer of forums. Living wealthy radio visit Teresa's team online -- living wealthy radio dot com 1803820830. Now call 1803820830. Welcome to call us. Welcome you Rio -- Teresa com. Yeah how is your retirement plans much. Yeah right on track where you wanna be your friend your financial -- feel a little brighter. If you're just now joining us we're speaking with author and investor and advisor Catherine Austin fits about. The financial problems we currently face and how we can better prepare for tomorrow's economic situation. -- right before the break we were talking about. When you worked in in Washington DC and dead and that and how you titled the Justice Department was really mind just. Dash EUN and right just the and I spent time in DC I want to lost in DC and I packed plot and K street in Connecticut. I remember in high school that was my dream to to go to DC and practice on be in the middle. He you know -- the how the politics in the government because I'm like gosh we weren't the greatest. City in the entire world right we're at -- -- happened. And you quickly realize. Its system lose and you now how we. You didn't have helped the current if you have -- how would know. Exactly what you did you sort of I was just so -- and now I don't know but I don't. About eight you know there's this whole world out there -- that most of us. I just completely unaware of there there are so you know there's a book that I read many years ago -- time shares -- I was the invisible hand -- So you're talking about the time nowhere to go with the because there's so much we can talk about. -- yeah yeah here's where I think we should go and I I was saying before week which it can break that you know there's so many wonderful people and government yeah I think that the important thing to understand about -- machinery whether it's the corporations. -- the -- -- For the government is still populated with enormous number of really fine people. Who are really struggling to -- -- the great -- within the machinery. And I think that's -- to me transparency. Is one of the most important things -- can do it took the more we can see how this system is working weekend. Perhaps sabotage attempt to -- on a better direction for all of us. Where would -- witness trichet is I think it's very important as where each navigating the world. Understand that there is played you know there is an overt world and that there is the cover world and a lot of what we see on mainstream media is on. It's against the propaganda designed to to give you the package as over world sometimes likened it to Disney World have never been to Disney World and I had a a -- once he took to the course. Apparently they used to give management courses in the initiative subterranean world underneath Disney World. And so you can imagine you know we have this beautiful. Fun perfect battle for world and then we have. Copper world -- and -- to manipulate us. A lot of what goes on and over well that's a little bit like in the world and so I think what all of -- need to know is that that there aren't these two different. World very much driven by the candidate cover cash flows they need to understand that and need to have that sort of -- conceptual framework. That helped them to navigated in terms of the third time. And our hospital ceremony. And and part of it starts -- with understanding a lot of what we've been -- it's just either not true or no longer true. And we have to be unbelievable lead discerning because all the people we pay to regulate and protect us from significant harm us are in fact doing quite the up. Yeah so looking. Yeah we're being aware I'm paying the government to order me to eat food ticket don't make -- does it say why. Okay so it's a little. Bit of a gauntlet and -- -- but what I will -- is once you kind of once you get the framework. That gives you the ability to navigate it because -- what I found is that there are ways of navigating. And -- much better off knowing. -- you can have a sense of humor about it so. You know it's a little bit like running your business in a war zone but it is what it is. And so I think part of that is it is. Our understanding is that a lot of the parties around us may not. V in alignment in terms. Motivation here Coulter incentives we just need to be able to understand what -- incentives are lying where we can then avoid them when we can't. So yeah. Part of the Covert worlds you know the Federal Reserve there's been in recent years so much. Has been brought to light I think most people especially my listeners understand that the Federal Reserve. It is not a government agency. And that you know twenty years ago and -- be crazy to say because everybody -- looking at least remain they'd look at me and say wet but he but he sang brain. Apple -- what part does the central banking the Federal Reserve play here domestically and it's. Globally. As far as being met invisible hand -- -- and control so many -- Well I think this that is an important part of it in the -- to -- that the Fed is a hybrid -- you have the port of governors in Washington which is. You know which are appointed by the president and approved by the by the legislature. But it you have the twelve things around the country in military owned by the members and who -- some -- -- what percentage is. Confidential. Want to email small just to prove the point and I asked them. -- who you know cool and they're stock in what percentages. And I'll also ask them who what where. Companies which manage their data and to their members have access all their data because you know if you have access to that -- -- and understanding where monetary policy is telling you can you can hardly see let me infinitely. So the Fed is the mother lode of all day that once said the -- to -- -- it was the second biggest mother -- of drilling on the economy Diana. So the so. -- the data wars -- -- that's so we can do a whole show on. Anyway -- that civic that runs the credit cycle and and that credit cycle is incredibly important to. To building the financial resource as you need to make this cold -- empire go. I'm one thing is grossly oversimplified what it does get the power to print money is the power to send money and infuse it into any. Especially if you want to within the economy. The second thing is this is a way to tax rate now we're watching. Both the senate and the congress in the congress is saying we don't want to. Charged people. You know we don't wanna raise taxes and so instead what the Fed is doing this just to -- And it's it's. It's basically a hidden tax. And the message from the body politic for many many. Decades since two weeks far prefer to be debate is certainly prefer to today. An overtaxed so think of it is sort of -- -- taxation program that's been developed because that's the way people would prefer it. It's inflation rank and it's time in the currency the value of your dollar. -- a while it could be still inflation but it's it's and. Here's here's the challenge. And it's what we've seen I have. -- for many many years cited saying that the economy is gonna slow burn so there's. Over -- the financial community who absolutely believe for many years that the economy's about to collapse. And think it's gonna classic you know it's gonna slow burn and the slow burn is kept going by offsetting. Monetary inflation with labor deflation. So -- -- globalized. And I start competing labor globally. I can devalue. Labor which is wanted to take -- templates. Come to the extent that I can devalue energy as well that's another one of the big templates. As I had globalized as devalued labor. And that has to offer up my monetary inflation which of course it was squeezing the middle class because -- incomes are going down but the air food prices and an energy prices are going out because the monetary supply. You know the expansion of the money supply is is expanding those prices somewhat over the long term. So that's that slow burn incomes down expensive steadily after they're getting squeezed. Let's talk about the military industrial complex. You mentioned to our -- you sad that. The US economy depends on war and organized crime. And for the most part the general population supports best. Do you think we're becoming as a country just a war weary. Or are. Are we just buying into more and more the propaganda of the Cold War now all of a sudden you know the Cold War with Russia and Ukraine and China and mean that's heating up right now. Well I think I think. Iraq and Afghanistan has certainly left the United States were -- if we reach -- I think it's not just seems and it's it's I think it's close to military war weary. So -- You know the the problem with them when you look at the model. What the bond market has allowed us to do is engage in war -- for the taxpayers get to bill. You know and so this has been one of the secrets to warm making. You know since the Europeans can't tough with the bond market is you can only if right now pay later and the problem is you know when the war happens if you look at can make some money it's quite different. And the people who didn't get to have delivery to a whether it's a soldiers who played or at. Tax payers to you know who ultimately have to pay a big portion of -- So let's talk about that for mamet who who. Who is making the money when it comes to this business of war that's because war is business. Well. You know that is a very long list there. But I realize one thing if you look at our ability to sell treasuries. And our ability to print dollars can get them taken globally. Think part of its move to global empire was basically. Spreading. Market for the dollar -- medically which we managed to do. And and no one's gonna continue to take those treasuries are those dollars. Unless you continue to control the satellite -- in the seedlings and basically have to dominant military. Globally. So in one sense you know if the dollar. If it's the US military coup when awaits tomorrow and the dollar. And the control of sort of the oil trade collapse tomorrow. And you're talking about the dollar being -- dramatically less than it is. And a very different financial picture. You know however however much the US council has been squeezed by the last. And the twenty years they would be squeezed at this point much much more. Is the war. Trade and the world trade. Connected to. Well sure because that the dollar is essentially on an -- Standard. You people talk about the gold standard -- an oil standard and a lot of the dollar's value mistreatment by air control of the trade in foil. Are dominant system market. I'm now you know that can't last forever as far as that looks to me. And I think one of the decision successor to build up to global and carrying take control -- and couple of other industries particularly. Agriculture. Was one of the sort of the thought behind it. Now. If you if you look at where we are and I I always urge everyone. If you've never watched history she'd have to watch it is Serb. -- James Goldsmith. And came to America and did any interview with Charlie Rose it's supplements like if you do a search for -- Scopes that he'll get it. He did an interview in 1984 and was there to persuade congress not to pass here -- round of -- -- and he described exactly what will happen. If we globalize the economy and try and and build a global model of industrial agriculture. Globally. And how dreadful it. Will be and it's the single best explanation I've ever seen. On our current economy and it is this relevant and accurate today as it was in 1994. It's quite something. It's it's one of the single best -- issue and watched to understand the economy. And system. And so the so much to this warm machine is about protecting. The oil the -- the oil interests around the world. Well it's it's -- You know thinking that it is about to control of place's. And you can control places -- financial mechanisms. Before you can control them through. True military mechanisms in them military can be -- -- or it can be covered it can be an intelligence. Presents. And you know we've seen the recent note revelations. A lot -- control has been you know through financial mechanisms. That were backed up with superb. Economic course fair intelligent. You know and and and basically what -- and you know it's no revelations to sit in a town it's America's ability to access. You know confidential information about what businesses and governments are up to. To help the American trade smartly in terms of trying to assert dominance over places economically. So. You know a lot of this is of that comfort competitions for different market -- The reality is you know historically what you'll see is that as the investment. Moves into a place you know -- the wind. The European -- came in and -- for example in Texas you're in Texas you know they never went anywhere that Pinkerton couldn't follow and enforce. So nobody invests money where they can enforce and if if you're. America and you and the developed world and you're gonna shift enormous and that's capital out of Europe and North America. And into the emerging markets you're not gonna do that -- can enforce. And I think one of the reasons we thought we couldn't force was we were building out globally -- satellite systems. And the Telecom systems that would allow us to enforce as fat as some money shifted out. So how much of the -- warm machine is really about. Trying to better the politics. And the lives of other people on spreading democracy a that didn't. Does that play into it at all or is that just part of the smokescreen and the propaganda. To get Americans behind. Our military industrial complex. Well I you know I think I think it's complex. And and the real nicely it's complex is. If you look at. You know if you if you were a group of people and you know I'm gonna argue this on behalf of mr. global picture -- mining -- sure you know domestic character just running all of this content process that developed world. If you mr. global. And you know you're basically looking at a time a global population is eight billion moving to nine billion. And here groups however you define that group -- in the minority. And I think you feel that if you're not dominated you're not control won't it won't turn out well for viewing your clan. And if you look at the history of serious economic competition globally. In fact the guy who doesn't win you know often -- and apparently guys its internal competition. So when you're at that level with you kind of feel like if you don't win. You're you know you're gonna have somebody else is gonna have their nice figure check killer came. Do not mean you and I think the question world -- with this had a we get it to the state of peace. And cooperation. Because right now. If you look at the wealth destruction that's occurring from the kind of negative competition. And trying to dominate through war it's extremely distract us. It's extremely destructive of people it's extremely destructive a self. It's certainly makes -- -- distasteful civilization. On and on and on. -- at the same time part of part of the challenge we have it is your baby boomer in America. You've lived in relative luxury while people around the world country -- Tiffany and Q living in and lecturing and we haven't cared until we started to lose it can be squeezed. In the few minutes we have collapsed I certainly promised. Our listeners that we would talk about how they can protect. There retirements in their lifestyle could given some advice as to you know with the with all this great fascinating background information what I love and and we can continue talking about for hours. You know what what can the average American do today to protect. And there. Their money they're determining come. The next you know. It's a great many things let me just -- certain lifting off. The first thing you have to do -- you have to get really -- about -- time. You know there's nothing. What I think one of the hardest things to do in this environment as for the all the stuff going on to maintain great -- -- but you know habits it's it's here in the financial world one of the things you know it's thirty years of good habits can make you know from the difference. And the one thing you've got to do if she got absolutely removed from -- -- anything that is straining U. You know so offered for heaven's -- turn off your TV turn of media that's not telling the truth. Stop beating processed foods on and on and on we all know what to things aren't that that are draining us. But we have to really removed from our alliance people organizations things. That are not aligned with sort of helping us succeed and you got to be absolutely ruthless about it in this economy changes that means she can. You know you can be pretty radical about. Having to change the people in your life where you work all that kind of stuff that's number one number two. What I've found is that it's absolutely essential in whatever business you do whatever profession you have. -- have to be useful you have to serve other people and you have to serve other people. And be grateful for the opportunity for my favorite expressions or strategic is done in your neck of the went into Dallas has got -- not -- what you've lost to -- left field. So in that order calls -- -- salute you need to take what would be you know confronting change a lot we lose a lot and we came a lot. -- interestingly have a wonderful -- spiritual woman our team concern knowledgeable about my transition. From Washington in 210 if you were an analyst and our future once you know I -- a calculation. And I calculated to fight just suggested what that we can go up instead of trying to build projects and things should help people. I think what 39 million dollars in -- think she should get it to be dead. So you know it's funny if you just certain certain people they can lead used to some pretty healthy places. Another thing you've got to do on its site in in our annual wrapped up I should the single most impart important chart I showed. With a chart. The speed at which people are getting online and on the Internet. We now have over one point eight billion people online the Smart shots. In December the App Store and apple sold a billion dollars of revenue is more coming from Asian emerging markets in the United States. And this is the first time in our lives that we are part of the consumer market that is not in America but it's not the biggest in the world he was technically with a little bit easier but. But now we're talking about a world people who are an online globally court bigger than. You know -- the American consumer market and that -- shifting everything we're we're seeing any. Huge. Sort of gold rush into the world of online payment. Only transactions and we're watching so many different businesses to re engineer how they do think if you look inside the top fourteen of the US stock market was up 29% last year but if you look inside of it. Five of the nine sectors we're down. -- -- if you look at what's up it's those things that are reengineering using online so every sector in every part of the world as being the engineer and and so when it comes to my personal learning skills when things in technology you're changing the -- of link it's critical for us to take time to learn it. And stay in collaboration with people who can help us be successful at it and adapt and it will create for every. You know everything that it will destroy it will create opportunity wanting I didn't -- mention a recent study. In the last article in the economist at the beginning of the year about -- projects that 40% of existing jobs in North America will be replaced with -- automation so that is the huge wave that's coming. And it's a wave we each unit to conserve the way we can get drowned highways and the committee each one of -- needs to understand. And just say OK where's the change for me and -- the opportunity for me. And to take advantage of -- finally the last thing I would say is -- it's imperative for your financial health. To avoid colds and to avoid fraud. Fraud we will know you know what tried to our front of the things frightening enough but every year you kind of have another wave of people -- -- You know have a very clear picture and certain picture of the world and then very clear remedy is a lot of which are. Either not. Workable or exaggerated or have a lot of risks. And you know these days often take. They often seemed very cult like but what they offered certainty. On that generally have certainty that can cause you great. Lost timer lost money so be careful. About buying into you know certain views of the world because I think. You know we're not certain how this turns out it's gonna evolve and it's very very important to stay grounded. And not get too certain about your picture of the future. Catherine we aren't partly out of time the next time we. Get together on air how there's so much more to talk about that will get content more specifics. As to how people can and fastest. We want them to check out here's Larry record we will have a link I'm living wealthy radio dot com to your blog yeah. And thank you so much for the work you're doing and saying today and you know you have a great day thank you chief -- take care. You've been listening to living wealthy radio on top teams sanity and certain -- at top thirteen seventy dot com. 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