1 00:00:06,210 --> 00:00:14,700 Kevin Bae: Let me turn that It's been too long. I fucked up the 2 00:00:14,700 --> 00:00:20,430 intro. format is the card cast? 3 00:00:31,649 --> 00:00:38,429 Hello, it's Kevin Bae and fucking things up once again. So 4 00:00:38,639 --> 00:00:45,089 I just looked, it's been about a month since I tried to throw 5 00:00:45,089 --> 00:00:49,529 together a podcast. I didn't even realize it was that long. 6 00:00:49,889 --> 00:00:56,309 Now, I know everybody says all the podcasters say, consistency 7 00:00:56,309 --> 00:01:02,429 is the key. I find it extremely difficult to do this on a weekly 8 00:01:02,429 --> 00:01:07,889 basis. I don't know why I think it's mostly because I said, I 9 00:01:07,889 --> 00:01:09,629 don't know why. And then I'm going to give you a reason. 10 00:01:09,989 --> 00:01:17,309 That's ridiculous. But in any case, I think the biggest 11 00:01:17,309 --> 00:01:24,569 problem I have is that I end up talking to my wife or somebody 12 00:01:24,569 --> 00:01:32,069 else. And I blow my wide there. So then I've already got it out 13 00:01:32,069 --> 00:01:35,009 of my head. So then I don't need to talk about it anywhere else. 14 00:01:35,009 --> 00:01:41,399 It's already out of my head. You know, maybe what I need to do is 15 00:01:41,399 --> 00:01:49,229 do this earlier earlier in the day. So the thoughts are still 16 00:01:49,259 --> 00:01:51,419 there. And they're not they're not out because once I express 17 00:01:51,419 --> 00:01:54,239 them someplace, I just have no need to express them anywhere 18 00:01:54,239 --> 00:01:57,029 else. That's why the blog exists. You know, bae.c 19 00:01:57,029 --> 00:02:05,789 m, by the way, K E V I N B as i boy A E.com that, you know, 20 00:02:05,789 --> 00:02:10,619 y blog exists strictly for me to get crap out of my head. 21 00:02:10,619 --> 00:02:13,169 nd I've been doing it for a long time. And I've blown up that b 22 00:02:13,169 --> 00:02:16,979 og so many times. I've had Ke in Bae calm since the 90s. T 23 00:02:16,979 --> 00:02:23,579 e late 90s I believe it is. I rink coffee while I do this, 24 00:02:23,579 --> 00:02:26,909 y the way. And that Scott Adams his is not coffee with Kevin 25 00:02:26,909 --> 00:02:30,779 ae . I just happen to drink coffee while I ramble on becau 26 00:02:30,779 --> 00:02:38,609 e my throat gets dry. And then start my voice starts to crack 27 00:02:38,609 --> 00:02:46,859 up. And it's like really sever vocal fry. So, yeah, I do I fin 28 00:02:46,889 --> 00:02:52,379 it extremely difficult to do th s on a weekly basis. And you k 29 00:02:52,559 --> 00:03:05,039 ow what? I think strictly becau e I'm, you know, I need to be am 30 00:03:05,039 --> 00:03:12,839 ed up to do this. I don't think I'm very good at trying to put s 31 00:03:12,839 --> 00:03:19,199 mething together and then do it later on. Like what I was doing 32 00:03:19,199 --> 00:03:22,709 for the first, I think it was 1 17 episodes. I don't even remem 33 00:03:22,709 --> 00:03:25,349 er what episode this one is, b the way, today's Septe 34 00:03:25,349 --> 00:03:26,729 ber 20. 35 00:03:33,210 --> 00:03:37,770 So what I was doing for those first, I don't know, 1516 36 00:03:37,770 --> 00:03:45,090 episodes, because I was just basically recap my blog. And it 37 00:03:45,090 --> 00:03:48,570 was fine, I suppose, you know, I would just kind of read what I 38 00:03:48,570 --> 00:03:53,190 posted. Maybe I would add in extra extra shit every now and 39 00:03:53,190 --> 00:03:56,280 again. Because then, you know, maybe some new thoughts would 40 00:03:56,280 --> 00:03:59,760 come by. I was also trying to do it on YouTube. So this is 41 00:03:59,760 --> 00:04:02,880 nowhere live right now this is I'm not doing any video at this 42 00:04:02,880 --> 00:04:06,810 more at this point. For this episode, I may do it again. I 43 00:04:06,810 --> 00:04:11,070 don't know. I'm trying I'm really just trying to figure 44 00:04:11,070 --> 00:04:16,830 this out. Because I kind of enjoyed doing it. Once done. 45 00:04:19,560 --> 00:04:23,220 It's just the act of actually doing it as a problem. I don't 46 00:04:23,220 --> 00:04:29,910 know how podcasters who have done this for years. Sorry, I'm 47 00:04:29,910 --> 00:04:34,470 touching this microphone like crazy today. I really don't know 48 00:04:34,470 --> 00:04:45,660 how they do this for years. On on a regular basis. See I am I 49 00:04:45,660 --> 00:04:50,340 retired from my job a couple of years ago. I was working for my 50 00:04:50,340 --> 00:04:56,820 family. And I left that gig. And so now I'm just kind of doing 51 00:04:56,820 --> 00:05:01,950 whatever I feel like and Maybe Maybe if I was still working 52 00:05:01,950 --> 00:05:08,430 every day on a normal normal job that I'm so busy doing that, 53 00:05:08,460 --> 00:05:11,610 that then I don't have to, you know, I'm not talking to anybody 54 00:05:11,610 --> 00:05:16,860 really about politics or news or anything like that. And it would 55 00:05:16,860 --> 00:05:20,610 just kind of come out of me and you know, but I was I was still 56 00:05:20,610 --> 00:05:24,900 blogging then. I don't know, this is such a such a disjointed 57 00:05:24,900 --> 00:05:34,200 ramble. But I think what I'm going to try to do maybe is to 58 00:05:35,700 --> 00:05:39,180 discuss or talk about things, it's not really a discussion, 59 00:05:39,180 --> 00:05:42,750 because it's one sided. But maybe just talk about things 60 00:05:42,750 --> 00:05:47,670 that aren't on the blog. And shit that just comes to mind. 61 00:05:47,910 --> 00:05:53,400 So, you know, that's why I'm almost sounded like I was like, 62 00:05:53,400 --> 00:05:57,000 I had Tourette's. But maybe that's why I need to do it 63 00:05:57,060 --> 00:06:00,270 earlier in the day, before I start getting wrapped up in a 64 00:06:00,270 --> 00:06:08,100 whole bunch of stuff. You know, cuz what I do normally during 65 00:06:08,100 --> 00:06:13,260 the day is I'm you know, I'm blogging throughout the day, 66 00:06:13,260 --> 00:06:16,740 just kind of catching up a new, they just keep the Wall Street 67 00:06:16,740 --> 00:06:20,580 Journal open, I keep Twitter open, you know, and I follow 68 00:06:20,580 --> 00:06:26,460 certain people on Twitter so I can get some, some news. And 69 00:06:26,460 --> 00:06:32,010 then, you know, I'm monitoring and working, my investments, you 70 00:06:32,010 --> 00:06:36,840 know, that's where I get my income from. And I blog on my 71 00:06:36,840 --> 00:06:42,060 blog for that. And I also podcast for that, that one's 72 00:06:42,060 --> 00:06:45,030 easier to do, because that when I can recap what happened during 73 00:06:45,030 --> 00:06:50,010 the week, and go over what happened in in my various 74 00:06:50,310 --> 00:06:57,120 portfolios. But then I'm also doing other shit that I just 75 00:06:57,420 --> 00:07:03,600 feel like doing like this, this year, is our first full year in 76 00:07:03,600 --> 00:07:09,390 Georgia, after moving from Chicago, and there's a lot of 77 00:07:09,390 --> 00:07:12,180 stuff to do in the house. So I was busy all the time, putting 78 00:07:12,180 --> 00:07:16,140 up shelves, you know, kind of customizing this house to how we 79 00:07:16,140 --> 00:07:20,490 like to live. You know, I also built a couple of raised beds in 80 00:07:20,490 --> 00:07:23,880 the backyard. So I could grow garden, I had a big garden back 81 00:07:23,880 --> 00:07:29,250 in Chicago. Oh, this stuff takes time plus, you know, doing 82 00:07:29,250 --> 00:07:33,870 little repairs and stuff to this house. Things that the previous 83 00:07:33,870 --> 00:07:36,540 owner didn't do or should have done, you know, I'm busy doing 84 00:07:36,600 --> 00:07:41,490 stuff like that, like this house is on a hill, we're at the we're 85 00:07:41,490 --> 00:07:45,150 actually at the bottom of a hill in a cul de sac. But there's a 86 00:07:45,150 --> 00:07:48,210 steep drop off behind us. And it's another you know, we're at 87 00:07:48,210 --> 00:07:54,390 the I would say mid level part of the hill. So when the rain 88 00:07:54,390 --> 00:07:57,090 comes in all goes straight downhill and into a creek that's 89 00:07:57,090 --> 00:08:03,270 about 60 yards or so from my fence line. So there's a there's 90 00:08:03,270 --> 00:08:08,550 a two story deck. It's not a double deck, but there, there's 91 00:08:08,550 --> 00:08:10,710 a deck that comes out from the kitchen and then you go down 92 00:08:10,710 --> 00:08:15,000 some stairs and it leads to a concrete patio with some doors 93 00:08:15,000 --> 00:08:20,370 that come out the basement. So underneath that deck, when it 94 00:08:20,370 --> 00:08:24,750 rains, it gets wet all underneath the deck. And water 95 00:08:24,750 --> 00:08:28,080 splashes up to the door and you get you know, there's a problem 96 00:08:28,080 --> 00:08:30,720 there where you because it's so humid here in Georgia, it never 97 00:08:30,720 --> 00:08:35,160 dries out really. So much water ends up by the door that 98 00:08:36,840 --> 00:08:40,410 you get some rotting wood. So what I did was one of the 99 00:08:40,410 --> 00:08:46,410 projects I did this summer, is I sort of put a ceiling on that 100 00:08:46,410 --> 00:08:50,070 deck that diverts the water into a gutter and the gutter takes 101 00:08:50,070 --> 00:08:53,910 the water and takes it away and I did I did a decent job not not 102 00:08:53,910 --> 00:08:59,340 a great job but a job. Something that does what it's supposed to 103 00:08:59,340 --> 00:09:02,130 do not perfect, but it does largely what it's supposed to 104 00:09:02,130 --> 00:09:09,150 do. You know, so when I when I go through my morning ritual, 105 00:09:09,150 --> 00:09:13,350 and I'm coming up to my home office, and what I do is I look 106 00:09:13,350 --> 00:09:18,300 at the news, see how it's affecting my portfolios. You 107 00:09:18,300 --> 00:09:23,400 know, maybe I'll blog some news stories on on my financial blog. 108 00:09:24,000 --> 00:09:30,600 That's called chasing the yield.com by the way. And I 109 00:09:30,600 --> 00:09:33,960 might do that for a couple of hours just perusing the news, 110 00:09:33,960 --> 00:09:37,770 doing some blogs, maybe blogs, news stories as well on Kevin 111 00:09:37,770 --> 00:09:42,690 Bade calm and then maybe 11 o'clock depending you know it's 112 00:09:42,690 --> 00:09:46,050 a little bit different, but somewhere around 11 o'clock. You 113 00:09:46,050 --> 00:09:49,590 know, I might go refresh my coffee. I might depending on 114 00:09:49,590 --> 00:09:54,930 what I'm doing. For dinner, I might start prepping, prepping 115 00:09:54,930 --> 00:09:58,740 stuff for dinner. I really get to position this microphone 116 00:09:58,740 --> 00:10:07,500 better. Um, you know, or do some of the various, you know, 117 00:10:07,500 --> 00:10:12,060 projects that I've got going or maybe we go out and, and go 118 00:10:12,060 --> 00:10:16,230 somewhere, I don't know. But I find it you know, if I don't, 119 00:10:16,710 --> 00:10:22,140 maybe if I, if I can't get this podcast done, at some point in 120 00:10:22,140 --> 00:10:26,700 those first couple of hours, I lose total track of time. And by 121 00:10:26,700 --> 00:10:31,380 the time I get back here, it's like, you know, might be four or 122 00:10:31,380 --> 00:10:37,170 five o'clock in the afternoon. And then I just got nothing left 123 00:10:37,170 --> 00:10:42,300 to say like right now it's 6pm 6pm Eastern time. And I was 124 00:10:42,330 --> 00:10:48,720 even now just struggling whether or not I should do this. But 125 00:10:48,720 --> 00:10:51,900 it's been over a month, and I do have some people that listen, 126 00:10:51,990 --> 00:10:55,560 nobody that has sent me any money at which by the way you 127 00:10:55,560 --> 00:11:00,450 can, if you enjoyed any of the stuff I did before, or you're 128 00:11:00,480 --> 00:11:04,830 like this random stream of consciousness consciousness now. 129 00:11:05,760 --> 00:11:11,460 There are donate links on my website. And as well, you can 130 00:11:14,130 --> 00:11:19,590 send fractions of bitcoins and some satoshis my way by using a 131 00:11:19,590 --> 00:11:24,630 one of the new podcast apps that are value for value enabled, so 132 00:11:24,630 --> 00:11:29,040 this is a podcasting 2.0 compatible podcast. It's 133 00:11:29,040 --> 00:11:33,240 probably one of the least listened to podcasting 2.0 134 00:11:33,240 --> 00:11:38,190 compatible podcasts out there today. That's my claim to fame. 135 00:11:41,220 --> 00:11:44,610 But if you if you listen with one of those apps, you can 136 00:11:44,610 --> 00:11:50,130 stream cryptocurrency to me in the form of satoshis. And 137 00:11:50,130 --> 00:11:53,850 anything you send would be shocking. 138 00:12:03,390 --> 00:12:08,610 So aside, aside from the stock market that was driving me 139 00:12:08,610 --> 00:12:13,140 insane today looked like it was gonna go down almost 3%. And it 140 00:12:13,140 --> 00:12:19,050 kind of clawed its way back to maybe one and a half percent. We 141 00:12:19,050 --> 00:12:22,860 had the news about from the wall street journal about Xi Jinping. 142 00:12:23,400 --> 00:12:27,780 And his aim to rein in Chinese capitalism as if there was 143 00:12:27,780 --> 00:12:32,160 Chinese capitalism to begin with. If anything, it was a very 144 00:12:32,970 --> 00:12:43,620 soft socialist version of capitalism. where anybody who 145 00:12:43,770 --> 00:12:49,740 was paying attention knew or should have known that you can't 146 00:12:49,860 --> 00:12:55,110 confidently do business with a communist nation. And, you know, 147 00:12:56,280 --> 00:13:01,020 since the Clinton administration, the Chinese have 148 00:13:01,020 --> 00:13:05,400 rapidly advanced their technology. They've grown 149 00:13:05,400 --> 00:13:11,160 rapidly wealthy, all at the expense of the American 150 00:13:11,160 --> 00:13:16,110 taxpayer. Now, mind you, we're not you know, the America or I 151 00:13:16,110 --> 00:13:19,680 should say, the American public, not necessarily the taxpayer. 152 00:13:23,130 --> 00:13:29,460 Now we've received goods for our money. But we've given a lot of 153 00:13:29,460 --> 00:13:34,080 way. We made China the manufacturing center of the 154 00:13:34,080 --> 00:13:38,880 world. They don't just manufacture bullshit, either. 155 00:13:38,880 --> 00:13:43,110 It's not just t shirts and shoes. You know, they're 156 00:13:43,110 --> 00:13:46,770 manufacturing, high technology, high technology that we allowed 157 00:13:47,250 --> 00:13:52,260 them to manufacture that could have gone anywhere, could have 158 00:13:52,260 --> 00:13:56,850 stayed here in the US if the governments of the United 159 00:13:56,850 --> 00:14:01,140 States, you know, I'm talking about the states and the federal 160 00:14:01,140 --> 00:14:05,640 government, in particular states like California, Washington, 161 00:14:06,240 --> 00:14:14,370 Oregon, Illinois, New York, New Jersey, Massachusetts, you know, 162 00:14:14,370 --> 00:14:16,950 all up and down, you know, basically the coasts, the 163 00:14:16,950 --> 00:14:21,810 coasts, and, you know, Illinois, they would get their heads out 164 00:14:21,810 --> 00:14:26,790 of their ass and get rid of things like the minimum wage 165 00:14:27,510 --> 00:14:34,290 that just ruins American competitiveness. Now, of course, 166 00:14:34,290 --> 00:14:36,840 it sounds cold hearted, get rid of the minimum wage, because 167 00:14:36,840 --> 00:14:40,050 everybody talks about the fucking minimum wage, as if it's 168 00:14:40,050 --> 00:14:49,260 some quote unquote, living wage. And that has no definition of 169 00:14:49,290 --> 00:14:55,140 living wage has no definition whatsoever. Your your, you know, 170 00:14:55,410 --> 00:14:58,530 there are some people that could live comfortably on 10 grand a 171 00:14:58,530 --> 00:15:03,240 year and there are others that I have no clue how to squeeze that 172 00:15:03,240 --> 00:15:10,860 much out out of their out of their dollar. And not only that, 173 00:15:10,860 --> 00:15:15,180 but you have different standards of living in different states. 174 00:15:15,690 --> 00:15:19,890 It's a, you know, I came from Illinois to move to Georgia, the 175 00:15:19,890 --> 00:15:24,090 cost of living in Illinois is enormous compared to here. 176 00:15:29,370 --> 00:15:33,600 You know, I left, I left a pretty decent income behind to 177 00:15:33,600 --> 00:15:37,710 come to Georgia, you know, I'm making probably about a third of 178 00:15:37,710 --> 00:15:41,820 what I was making, I'm getting a regular paycheck from my family, 179 00:15:42,240 --> 00:15:46,410 working in the family business. I'm probably making about a 180 00:15:46,410 --> 00:15:52,710 third of what I was making before. And my expenses, you 181 00:15:52,710 --> 00:15:56,700 know, haven't dropped by two thirds, is not that cheap to 182 00:15:56,700 --> 00:16:00,870 live here. But it's a lot cheaper I can, I can easily get 183 00:16:00,870 --> 00:16:10,710 by the amount of money that I'm making now. For example, the 184 00:16:10,710 --> 00:16:19,440 house that we purchased in North, the far north eastern 185 00:16:19,440 --> 00:16:22,290 suburbs of Atlanta, about 30 miles or so 186 00:16:25,110 --> 00:16:33,870 it was almost $200,000 less expensive than the house we sold 187 00:16:34,290 --> 00:16:42,000 in Illinois. The property taxes are 1/3 of what my property 188 00:16:42,000 --> 00:16:46,440 taxes were in Illinois. So we were able to move here mail, buy 189 00:16:46,440 --> 00:16:51,270 a house and do a whole bunch of renovations, and still have a 190 00:16:51,270 --> 00:16:56,940 sizable chunk of cash leftover, the house here is bigger, the 191 00:16:56,940 --> 00:17:04,080 lot size is bigger. But all the expenses are less. And that was 192 00:17:04,200 --> 00:17:08,790 my primary reason for moving is I wanted to lower my fixed 193 00:17:08,790 --> 00:17:13,170 expenses, my fixed costs, because my wife likes to travel. 194 00:17:13,170 --> 00:17:18,630 So the whole concept was, we would save a ton of money, we 195 00:17:18,630 --> 00:17:21,060 would be able to travel a couple times a year, you know, she 196 00:17:21,060 --> 00:17:25,770 likes to go to Europe. And you know, just kind of bounce around 197 00:17:25,770 --> 00:17:28,110 a little bit, you know, we even are toying around with the idea 198 00:17:28,110 --> 00:17:31,890 of maybe in five years or so we sell off everything, and just 199 00:17:31,890 --> 00:17:35,880 go, you know, live a year here live a year there and just kind 200 00:17:35,880 --> 00:17:36,510 of bounce around. 201 00:17:42,150 --> 00:17:45,900 Somehow I'm looking at my computer right now somehow I 202 00:17:45,900 --> 00:17:51,390 went to my cost of living from talking about Jian, ping and 203 00:17:52,140 --> 00:17:57,480 reining in the Chinese capitalists. I have no idea how 204 00:17:57,480 --> 00:18:01,590 I went from that, that to that went from one to the other how 205 00:18:01,590 --> 00:18:05,250 the train of thought goes from China, to my property taxes. 206 00:18:06,150 --> 00:18:08,730 Anyway, back back to Shishun Ping. 207 00:18:14,099 --> 00:18:18,479 You know, we transfer to an enormous amount of wealth, not 208 00:18:18,479 --> 00:18:23,279 just in money, but in technology and brain power over to the 209 00:18:23,279 --> 00:18:28,139 Chinese is a huge mistake, they couldn't even launch a rocket 210 00:18:28,169 --> 00:18:32,549 they couldn't get rockets off the ground until, as I remember 211 00:18:32,549 --> 00:18:36,989 it, President Clinton allowed some vital technology to be sent 212 00:18:36,989 --> 00:18:41,459 over there to be shared. So microprocessors. You know, I 213 00:18:41,459 --> 00:18:44,399 mean, they were stealing stuff to begin with. But then when we 214 00:18:44,399 --> 00:18:47,699 started actually manufacturing things over there of high 215 00:18:47,699 --> 00:18:52,349 technology, you know, where supposedly we control the 216 00:18:52,679 --> 00:18:55,769 manufacturing process and all the intellectual property. 217 00:18:57,509 --> 00:19:01,109 You're teaching people how to fucking make things. So when you 218 00:19:01,109 --> 00:19:04,109 teach them how to make it, they're not gonna need your 219 00:19:04,109 --> 00:19:11,279 fucking technology anymore because you gave it to them. It 220 00:19:11,279 --> 00:19:14,969 made zero sense that you're gonna make that kind of a deal 221 00:19:16,019 --> 00:19:20,249 with a communist nation, a closed off communist communist 222 00:19:20,249 --> 00:19:25,799 nation, where while they, you know, they have make believe 223 00:19:25,799 --> 00:19:31,199 capitalism there. They can take and they can control any aspect 224 00:19:31,229 --> 00:19:40,289 of their economy. And the things that that produce goods, they 225 00:19:40,289 --> 00:19:42,179 can take control of it at the drop of a hat. Look what 226 00:19:42,179 --> 00:19:48,389 happened to Hong Kong. Hong Kong, went from a free country, 227 00:19:50,369 --> 00:19:58,979 a UK colony to now basically a prisoner of China. They're not 228 00:19:58,979 --> 00:20:01,169 free anymore. They're free to To say anything, they're not free 229 00:20:01,169 --> 00:20:04,709 to do anything, whatever China says goes and China is just 230 00:20:04,739 --> 00:20:08,399 fleecing them. And they they've done that since they took over 231 00:20:08,399 --> 00:20:14,309 from the UK. But here's the bonus. And it's the way I see 232 00:20:14,309 --> 00:20:18,689 the world. Because I am, you know, I'm 54, I'll be 55 this 233 00:20:18,689 --> 00:20:23,189 year. Officials, you know, to me, 55 is the official senior 234 00:20:23,189 --> 00:20:30,059 citizen age because you can get into a 55 and up Senior Living 235 00:20:33,509 --> 00:20:37,139 housing complex, where I can I can be with all the other gray 236 00:20:37,139 --> 00:20:41,369 haired people playing tennis. But I'm old enough to remember 237 00:20:41,369 --> 00:20:48,419 the Soviet Union. And I remember what Venezuela used to be like, 238 00:20:48,599 --> 00:20:50,969 I've never been there. But I'm talking about just reading about 239 00:20:50,969 --> 00:20:57,599 it in the news. And it is well known throughout the history of 240 00:20:57,599 --> 00:21:03,959 the world, that socialism and communism does not work. In 241 00:21:03,959 --> 00:21:07,739 fact, it kills people, it kills millions of people. And that's 242 00:21:07,739 --> 00:21:11,969 not what is being taught in the United States today. What is 243 00:21:11,969 --> 00:21:15,689 being taught here is that socialism is some kind of 244 00:21:15,689 --> 00:21:20,369 utopian equity farm, where everybody's made equal, nobody 245 00:21:20,369 --> 00:21:25,829 starved. But that's bullshit. That's all bullshit. And maybe 246 00:21:25,829 --> 00:21:28,679 we'll be able to watch it. I don't know. You know, it took it 247 00:21:28,679 --> 00:21:33,509 took, what 30 years for China to crawl out of its out of its 248 00:21:33,509 --> 00:21:37,019 economic hole. You know, everybody, they their entire 249 00:21:37,019 --> 00:21:44,339 country was poverty stricken. And through the economic trade 250 00:21:45,419 --> 00:21:50,069 with the United States, a great deal of their population has 251 00:21:50,069 --> 00:21:52,709 been able to crawl out. And you know, we talk all the time 252 00:21:52,709 --> 00:21:56,759 about, at least in the news about Chinese factories, 253 00:21:57,119 --> 00:22:01,139 underpaying workers, overworking them, where they're committing 254 00:22:01,139 --> 00:22:04,649 suicide and jumping off of buildings. But I tell you that 255 00:22:05,489 --> 00:22:12,269 there's no shortage of people wanting those jobs. That's why 256 00:22:12,269 --> 00:22:15,029 they've been able to be so successful. minimum wages, I 257 00:22:15,029 --> 00:22:19,919 mean, shit there. They pay people, whatever, whatever is 258 00:22:19,919 --> 00:22:27,449 the going rate, that part for them is capitalism. If they if 259 00:22:27,449 --> 00:22:33,389 they start clamping down on that, suddenly, not so many 260 00:22:33,389 --> 00:22:38,279 people are going to be wanting to go over there and work. So if 261 00:22:38,459 --> 00:22:42,809 Xi Jinping does a true socialist crackdown on that country and 262 00:22:42,809 --> 00:22:47,219 starts taking actual control of these companies, you know, 263 00:22:47,249 --> 00:22:51,689 nationalizing them now they haven't done it yet, but they're 264 00:22:51,689 --> 00:22:57,119 they're tightening the reins. Are you looking at what happened 265 00:22:57,119 --> 00:23:01,379 here in the United States during COVID, when the federal 266 00:23:01,379 --> 00:23:09,089 government declared eviction moratoriums, foreclosure 267 00:23:09,089 --> 00:23:13,829 moratoriums, they had to pump out trillions of dollars to keep 268 00:23:13,829 --> 00:23:14,939 everybody afloat. 269 00:23:16,650 --> 00:23:21,960 In order to utilize that mean that socialism and communism 270 00:23:21,960 --> 00:23:27,060 there, they de facto nationalize residential real estate. They 271 00:23:27,060 --> 00:23:29,100 didn't do it with commercial real estate, they only did it 272 00:23:29,100 --> 00:23:35,340 with residential real estate. And the entire, that entire part 273 00:23:35,340 --> 00:23:40,770 is on the verge or was on the verge of collapse. Because they 274 00:23:40,770 --> 00:23:46,680 weren't allowing homeowners who rent out rooms, they weren't 275 00:23:46,680 --> 00:23:51,210 allowing real estate companies to kick people out. But yet they 276 00:23:51,210 --> 00:23:55,170 still had to pay mortgages, they still had to pay property taxes, 277 00:23:55,170 --> 00:24:02,490 and then you had the foreclosure moratorium that didn't apply to 278 00:24:02,490 --> 00:24:04,650 commercial properties that didn't apply to people who are 279 00:24:04,650 --> 00:24:07,050 renting out their properties that only apply to actual 280 00:24:07,050 --> 00:24:14,340 homeowners. And when a homeowner has a mortgage, they don't 281 00:24:14,340 --> 00:24:19,470 actually own their home. It's owned by the bank. So the banks, 282 00:24:19,710 --> 00:24:25,500 which have a horrible track record, sometimes have I mean, 283 00:24:25,500 --> 00:24:30,720 just look at the 2008 financial collapse that was all caused by 284 00:24:31,830 --> 00:24:38,280 low quality mortgages being traded by banks, but you know, 285 00:24:38,280 --> 00:24:41,250 they were being bundled together and being sold off and traded. 286 00:24:41,820 --> 00:24:44,310 And then when people couldn't pay them, you know, and we're 287 00:24:44,310 --> 00:24:47,490 defaulting, it was just the House of Cards. This is what the 288 00:24:47,490 --> 00:24:54,210 US government is doing it if we would stop that. Free everybody 289 00:24:54,210 --> 00:24:57,480 up. We wouldn't have to worry about China at all. You know, 290 00:24:57,480 --> 00:25:01,560 maybe we could do some more investments in Some Southeast 291 00:25:01,560 --> 00:25:06,930 Asian countries that aren't communist. Maybe we could, you 292 00:25:06,930 --> 00:25:10,230 know, maybe help out South America and I know South America 293 00:25:10,230 --> 00:25:13,530 has its own history and its own problem with socialism, 294 00:25:13,530 --> 00:25:17,370 communism, and into an antagonism towards the United 295 00:25:17,370 --> 00:25:23,640 States. But I think our energies are best focused in our own 296 00:25:23,640 --> 00:25:29,100 hemisphere, in our side of the world. You know, we're maybe we 297 00:25:29,100 --> 00:25:32,190 can make people more free down south where they're more open to 298 00:25:32,190 --> 00:25:39,570 this, this style of government. And it's here. 299 00:25:45,630 --> 00:25:51,570 Those are my thoughts for today. Oh, by the way, I fucked this 300 00:25:51,570 --> 00:25:56,340 all up. I got a podcast rig. It's called the Patrick before 301 00:25:57,120 --> 00:26:01,230 and my SD card was full. So like an idiot, I wouldn't formatted 302 00:26:01,230 --> 00:26:05,370 it instead of just going and getting rid of the recording 303 00:26:05,370 --> 00:26:09,990 shows that I had on there. And so my intro music got wiped out, 304 00:26:09,990 --> 00:26:14,970 I gotta redo it. So I had to open it up on my computer, and 305 00:26:14,970 --> 00:26:21,270 play it through there instead, so that's why I got to set up 306 00:26:21,270 --> 00:26:23,280 now. That's why I'm stalling because I got I can't just push 307 00:26:23,310 --> 00:26:28,830 a button now. I gotta go fix that. Anyway, that's all I had 308 00:26:28,830 --> 00:26:33,120 for today. That's all I got. We'll see what happens. The next 309 00:26:33,120 --> 00:26:39,450 time I record. And there's nothing god dammit. You know 310 00:26:39,450 --> 00:26:43,620 why? Because I screwed this up. So I I've got it muted. So hold 311 00:26:43,620 --> 00:26:48,060 on. Let's try this again. Now, that's all I've got.