← Doug Casey's Take
Doug Casey's Take
Gold Fever: The Future of Precious Metals
00:39:05
Find us at www.crisisinvesting.com Doug and Matt discuss Doug's recent travel from Virginia to Buenos Aires, gourmet Pacific Northwest seafood, and the impact of gold's rising value on their financial outlook. They delve into the potential devaluation...
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- [00:02]
A
All right.
- [00:03]
B
Good morning, Doug. I see you're back in Buenos Aires.
- [00:06]
A
Yes, it was a. I hate long distance travel, quite frankly. And leaving from where I am in Virginia to National Airport and trying to get an Azerbaijan visa picked up for my wife and blah, blah, blah. It was like 22 hours of travel time from door to door from the hinterland of Virginia, or I should say the waterfront of Virginia down here to Buenos Aires. But it's funny because when I'm on the Chesapeake, which I just was tend to, most of the restaurants there are seafood oriented. Certainly oysters and crab are the biggies. And so I'm a seafood fan. And one of our subscribers, Ted Hessen, I think, owns a company called Door doctor Door, and he sent me an assortment of Pacific Northwest seafoods, I guess figuring that that's the other seafood center of the US the east coast from Virginia north and, and the west coast up around Seattle. Okay. Two great seafood centers for, for people that like seafood. So anyway, he sent some halibut, fine fish, salmon. Well, we've all had salmon and halibut. But it was interesting is in the little package he sent me. And it was not a little package. It was at least, at least medium sized. There was sable fish, which I believe is probably the finest eating fish that we have in North America. Have you ever tried sable fish?
- [02:07]
B
No, never had it.
- [02:08]
A
Oh, I've had it before. It's actually a delicacy. It's fantastic. And this was fantastic. And the other thing was king crab legs. Now have you ever tried actual king crab legs? Yeah, these things are two feet long and when you open them up, I mean, the, the meat and the things is, you know, it's like an inch around. So anyway, it was delightful. So thanks, Ted. And we'll have a link down there because.
- [02:41]
B
Yeah, I'll put a link in the video. It's Doc two Door is the, is the name of the website.
- [02:47]
A
I mean, I'm not, I hate to like wind up doing an inadvertent commercial for anybody, but you're saying thank you, that's all I'm doing. And you've got to talk about something on the podcast. And I am a seafood lover. So anyway, here I am back in Buenos Aires and tomorrow I'll be back in Uruguay. So I despise travel, but seem to be doing quite a bit of it.
- [03:14]
B
This month's a big month for travel for you.
- [03:16]
A
Yeah, it's a 13. It's a 13 and a half hour flight from Sao Paulo to Istanbul where we're Going to go, what, Monday or something like that?
- [03:32]
B
Two weeks?
- [03:34]
A
Yeah.
- [03:35]
B
A little less.
- [03:37]
A
Yeah. Spending, spending, spending 13 and a half hours in a flying cigar to. Even if it's a luxurious one, which it will be. I understand Turkish has improved a lot in recent years. Nothing's in the class, I'm sure of Cutter and Emirates, but I've heard good things.
- [03:58]
B
I think it'll be good.
- [03:59]
A
Yeah, it'll be fine.
- [04:01]
B
Anyway, we've got some, we got some extra money to pay for it these days because gold's up so much. I wanted to get your thoughts that. Blue plus 4000. I think the high on the futures was 4075 yesterday.
- [04:15]
A
Something on that order. Yes. No, it's wonderful. Missing gold up the way it is. It means that for myself and for you and I think for most of our longtime listeners and subscribers, it means that these days we don't have to look at the right side of the menu, frankly, because it's been really so very profitable. So the question is, okay, what do we do next? Maybe that's why Ted sent me a seafood because he's feeling kind of fat and happy. I don't know.
- [04:46]
B
Maybe.
- [04:47]
A
Yeah. So what do you do from here? That's the question. And I mean, we can build an argument. I think you can build a better argument than I can because I've been saying for the last $500 roughly that gold is reasonably priced relative to everything else. It kind of is caught up. So it's not like a great speculation at this point where you can see it's below where it should be. Seems like it's kind of where it should be now. But you build a good argument why it should go a lot higher, actually. And I don't disagree at all. I'm mainly interested in the gold stocks, which is still very, very suppressed and depressed. And we can talk about those. Talk.
- [05:34]
B
Yeah. Here's the theory is that the fact is that the US has to devalue the currency, it has to, in order to get out of the debt that we're in. There's only really one way out and that's to print your way out. That's just the way it is. And I think the Trump administration has been very clear that that's an intention. You know, they don't say it in so many words because they don't want to scare people, but I think that that's. They've been pretty clear about it. And, you know, it's not just the $37 trillion of debt. It's 175 trillion of all the stuff we owe each other in commitments for Social Security and all that stuff. So you can't get out of that no matter what we do. So the answer is to print. And I think that gold is going to act as the liquidity sink. The place where all this money that must be produced in order to make the liabilities go away, to value the currency, to value the debts is going to end up in gold. And I think that that's a cautious decision. I think it makes sense that Besant is a big gold guy coming into it, understands the role of gold and the way he can play in these things. In the past, in the 70s, oil was the liquidity sink. You know, all the extra money was printed. A lot of it ended up there driving the oil price up. But it has all kinds of secondary consequences. You know, a bad blow for the economy when oil gets really high. But the thing. And another way places it could go, it could go into bonds. Liquidity has. And that's where it has been doing it. Which is why there was global low interest rates, you know, where we had zero interest rates in some places. So that was like the liquidity sink. The problem is that that causes more inflation. So it has a more. The byproduct is bad. But I think gold is the liquidity sink of the, of the now and of the future. And I think that, that when you think of it like that there is no upper price limit on gold at all. Because you know, it's, it's got that all the. To basically make all the debts go away, the value of those debts has to end up somewhere, you know. And I think that that's going to end up being in gold. And I think, I think the price we see now is. Will seem cheap in not too distant future.
- [07:53]
A
Yeah, I'm afraid you're right. Because where are you going to go? You can go to paper or go to real things. And gold is money because the various countries of the world really don't want to use dollars anymore. The dollar is a hot potato. It's the unsecured liability of a manifestly bankrupt government. So of course of the brick countries want to get rid of the dollar because they saw what happened to Russia, among other things. It's one of the many reasons. So where are they gonna, where are they gonna go? They're gonna use their own worthless fiat currencies. They don't trust each other. So they're gonna be buying gold which has been happening massively all over the world. And the retail public in the US really isn't involved in it yet at all. Yeah, it's going higher.
- [08:45]
B
Yeah. I don't know if you know this but even the big investment banks have started coming out recommending an allocation to gold. Which in my lifetime I don't ever remember seeing. Morgan Stanley recommends a 20% allocation to gold. Isn't that surprising?
- [09:07]
A
It's almost antithetical to what the big brokerage firms stand for because they're supposed to be bullish on America and buying stocks because that's what they peddle. But when they're recommending gold that's a fear play.
- [09:24]
B
Yeah. 20%. That's not like a little like let's dabble into it at 2 or 3% which is what the best you'd get out of a financial advisor in the past.
- [09:32]
A
That's right. Yeah. Yeah. There's something going on. So gold's going higher. And at this point since I've always viewed gold as a savings vehicle, just occasionally as a good speculation but basically a savings vehicle, you buy it, you put it aside, you forget about it. But I think gold stocks is really where the action is. I was talking to one of my brokers yesterday who specializes in gold and he pointed out was completely obvious. I knew this. But with gold at $4,000 per ounce and all in sustaining costs of the industry that is mining gold as a whole being 1500 or something like that, it means that these gold miners are spewing profits. They're making $2,500 per ounce for every ounce that they mine. They're going to pay off all their debt. They're going to increase dividends, they're going to buy back their stock. And even the public and brokers who for many good reasons have stayed away from gold stocks, we can. We've enumerated them in the past. They're going to pile into gold stocks and they're such a itsy bitsy teeny weeny portion of the market that even the wonderful moves we've had in gold stocks recently and they've been good. It's. I think we're going to go back to the way it was back in the 70s when gold stocks would were moving 10% a day for weeks at a time and the whole market went 10 for 1 with some stocks going to 100 to 1. Bold prediction. I'm willing to make it well and.
- [11:24]
B
I think if you. If you add that basically it's a levered play on gold and I don't is what they really are Right. And I think the other. But the other thing is that I don't think that gold in this era will simply be a way to preserve savings. I think if it ends up being this liquidity sink, I think that there will be, rather than just capital preservation, that there really is real upside to convert that gold into real other things later. I think it's a different environment than I've always thought of it as just a savings really. But, you know, as I was preparing for my presentation next week, this morning I changed my mind. I really think, I think that it's a. I know at 4000 it seems crazy to say it's a speculative vehicle, but if, if it's going to be used as a liquidity sink, and you know, there's so many other reasons why it would be used as that too, because it's, it's good for the state because every $4,000 is a trillion dollars. Essentially the US adds to its balance sheet on the positive. So it takes a lot of those 4000s to really add up to anything that matters for the U.S. but that is something positive. And for China in particular, it's really good for them. So there are the other side of the poll, the ones that we're opposed to. I think they totally endorse the idea they have with their people for a long time. And so I think you have the two major powers in the world both having in their best interest if gold goes up from here, which I don't think the US has had that point of view in the past.
- [12:59]
A
No, I don't think they ever had at all in the past. And going back to China, when I used to go to China, one thing that popped out at me was the immense number of gold stock gold shops retailing gold to the average Chinese, where the memory still lingers of what happened to Chinese currency in the past. And so serious people save with gold in China, unlike in the US this is a lesson that still has to be learned in this country. And China is the world's largest gold producer as well.
- [13:38]
B
Interestingly, yeah, apparently in the last, since I think it's 2002, the Chinese citizens have acquired 27 tons, 27,000 tons of gold from the Shanghai Gold Exchange. So which is. What's that? I guess that'd be four times larger than America's hoard of gold has gone into Chinese citizens. So you can understand why China would want the price to go. It's gold to go up because the balance sheet of all their citizens rise in that scenario.
- [14:11]
A
And yeah, and Russia's all for gold, too, because it's, it's like the second or third largest gold producer. So, yeah, everything, everybody has a good, all the governments have a good reason to see gold higher. So they're not going to fight at this time, I don't think.
- [14:31]
B
Yeah, I mean, I think that explains its massive movements this year, up more than 50%. I mean, just if they were in the way of it, I just don't think it would have happened.
- [14:41]
A
Yeah. And finally the gold stocks are starting to move and they're going to get some real wind in their sails for all these reasons. So this is wonderful. I don't know if I'd want to fly private all the way to Istanbul, but perhaps if gold goes much higher and the gold stocks run away, I might do it just for the hell of it. And not on some crappy little jet either.
- [15:06]
B
No. Yeah. And by the way, in case you are our viewers don't know, we have something called Crisis Investing, which is a paid newsletter, Crisis Investing.com. and we. There are gold stock picks in there along with some other mining companies as well. So if you want to know what Doug is investing in, that's the best place to go. This is. So, Doug, let's talk about the deployment of National Guard in American cities, the deployment of troops, because there's a lot of controversy about this. Like one federal judge blocked the deployment of troops in Oregon. The other one declined to block him for troops going to Chicago. And, you know, it seems like it makes me nervous to see that happening, just as somebody is pro civil liberties, I guess. But at the same time, you understand these places are disasters in terms of crime. So you can understand what the people there might actually want it to happen. But it's not unprecedented, this deployment of troops, right?
- [16:05]
A
No, actually it started in the early days of the US with the Whiskey Rebellion, which George Washington put down. And I have mixed feelings about his doing that too. In fact, they're actually not so mixed.
- [16:24]
B
Yeah, I say not. They were tax protesters, if I recall.
- [16:31]
A
That's one of the mistakes that he made. And of course, yes, they were. That's right. You know, we felt this for years, but this, the pot is starting to boil over. I listened, as I sometimes do. It's. It's the equivalent of an adult bedtime story. We like to listen to something helps you go to sleep. So last night I was listening to Tucker Carlson and he was talking about civil war in the U.S. i said, this is interesting. He's one of the two or three largest podcasters in the U.S. broad audience. And he's talking very reasonably, very rationally, and mostly correctly. I thought about the prospects for a civil war again in the US and I'll start by saying that the unpleasantness of 1861-1865 was not a civil war, it was a war of secession. The south did not want to take over the US they just wanted to go their own way. And you could argue actually that the Revolutionary war in the US was as much a civil war as it was a revolutionary war, because guesses are that a third of the people wanted to stay with England and they were fighting actively against the third of the people that wanted independence. And understandably, a third of the people said, pox on both your houses. Just leave me out of it. So, yeah, I think it's entirely possible that we have, and I've been saying this for 10 years when it seemed really goofy to most people to talk about it, but it's not so goofy anymore. Goofy sounding anymore. Yeah, I think we're heading for something serious dust up because the blue people and the red people just hate each other. And as Lincoln said, you know, good rhetorician, said a lot of intelligent things, regardless of the stupid and evil things that he did, that what a house divided cannot stand. And this is a house divided.
- [18:40]
B
That's so true. Yeah, so I was, I learned. I didn't. I learned last week that Kennedy deployed a bunch of troops in the U.S. i did. I was totally unaware of this fact. This is how bad public school education is. I had no idea. But apparently he deployed 20 to 30,000 troops, including his backup. They had the 82nd and 101st Airborne. So you were alive during this time. I mean, what do you.
- [19:09]
A
What happened? Yeah, this is 1962. So I guess I was a sophomore in high school and I went to kind of an upper crust high school. So. Talk about how crappy education is since then. Well, I don't think we ever. None of us were aware of it or yeah, we were kind of aware of it vaguely, but it's like in a. So what? You know, stuff happens, we don't care. So, yeah, that's happened. And of course, before then, Eisenhower in 1957 or something like that, deployed troops to Little Rock, Arkansas, where the same thing the governor did want, didn't want black kids going to white high schools. And the thing with Kennedy was a black guy was trying to go to Ole Miss. Ole Miss, right. So those days are long gone. But you know, it's funny, the, you know, discord between the races is much greater than it used to be. And what's kind of odd about it when you think about it is back then the country was almost 90% white and Christian basically. And today it's hard to say who, who classifies or if you want passes for white. But only 40 to 50% of the country is white and or Christian. And Christianity is kind of dying. Unless you're an evangelical evangelical where you're fundamental in taking it much more serious than people did in the past. So there have been a lot of changes just within my lifetime that I wasn't aware of at the time. But putting them in perspective from today, it's pretty obvious.
- [21:12]
B
So what do you think about this deployment of troops in the cities? I mean, do you think that ends up being a catalyst that just leads to more division between the blue and the red people or do you think it'll end up being a nothing? Like not a big deal.
- [21:28]
A
We're dealing with human emotions. And the good news is that the economy, although on the street level people are getting fired, their savings are getting eaten away by high inflation, it's being disguised by a high stock market and a boom in certain areas of the economy. But even, even there, Google and Microsoft and people like that are laying off people. Look, this is what I'm saying is this is about emotions. And right now emotions are not as high as they could be because people are still economically kind of okay. They haven't maxed out totally their credit cards, but that's going to change. So what should they be doing? Should they, should Trump deploy suit troops to calm down these cities? I think it's a flip of the coin.
- [22:36]
B
Yeah, yeah. I mean I was talking to a friend of mine who lives in Denver earlier today and he was telling me that he lives in the city and he was just saying he sees this druggies and like all over all the time and he sees break ins to his car. Anytime he leaves on the street, this car gets broken into and it's just like he's like, yeah, honestly I'd probably welcome him now. I mean it's just so ridiculous where he lives that he just doesn't, you know, you. So they destroyed the cities enough that people want it. I think at this point.
- [23:12]
A
Yeah, before he's out of office, Trump is going to resemble the man on a white horse actually the kind of cordillers that they have in South America which come into office because things get so goofy. You need a strong man to tighten things up a little bit. But you know I use the word should. What should they do? And whenever you use the word should, that there's a moral implication, right and wrong. I'm not talking about legal and illegal, which is something. A degree of overlap, but it's a very different thing. So should the federal government step in and straighten things out when they get out of control locally and according to the Constitution, and there are real problems with the Constitution or the way it's been interpreted. Certainly that's. That's worth a whole different conversation about. Should we even have the Constitution or should we use the. Should we really still be using the Articles of Confederation, or should we. Should we actually use the Constitution of the Confederate States of America? Which, from a freedom point of view, impresses me, having read it as being a much better one. This is stuff nobody talks about. So maybe that's the purpose of podcast, to talk about wild and crazy ideas that have some kind of a factual basis. I'm not talking about, you know, aliens invading or something like that. I'm talking about the here and now. So what should the government do? Well, this is for local law enforcement, actually. The Constitution doesn't say anything about keeping order in the cities or anything like that. And as a libertarian, one who believes in maximizing personal freedom, the government should be limited strictly, since it's a institution of violence, basically protecting you from forces abroad, protecting you from forces inside. But that's local, not the national government. And a court system to adjudicate disputes without. But the court system. Listen, I'm going from one thing to another. The court system should basically be abolished. It should be done by private arbitration agencies. And that's a whole other conversation. As opposed to politically appointed judges. Bad news. Or popularly elected judges. Bad news. According to arbitrary laws passed by the Congress. Bad news. So the whole judicial system should be reformed if we want justice. And low costs and speed, none of which we have right now.
- [26:12]
B
I'd settle for justice at this point.
- [26:14]
A
Sorry to go on that little riff, Matt, but one thing leads to another because it's all. It's all part of a giant hole. And it's. It's like Alexander of Macedonia knots. Exactly. You can't untangle it. You almost have to cut it. And it's too bad, because the US Was the most stable and freest and prosperous country in the world, but it's not that way anymore, I'm afraid.
- [26:47]
B
Well, speaking of which, sort of related, I guess would be that Trump came out today and I guess claims that they have a deal with in Gaza. And, you know, we'll have to see whether or not it actually proves to be real peace, lasting peace there. But, you know, he's been pushing really hard for the Nobel Peace Prize. Lots of advocates out there working hard to get it for him. And I didn't know this, but you told me that he was, that they announce it pretty soon, like this time of year, they do it. So what do you think his odds are of getting it? What do you think of the Peace Prize in general?
- [27:24]
A
Look, if Henry Kissinger can get the Peace Prize, if Woodrow Wilson was basically responsible for, for World War I being the total disaster that it was, can get the peace rise. If Yasser Arafat and who was it, Begin or Rabin, if these guys get the Peace Prize. Anybody can get the Peace Prize. In addition to the fact that most.
- [27:52]
B
Of Al Gore.
- [27:55]
A
Obama, what did Obama do? And they gave it to him before he was even president. So how's that even possible? And looking at a list, and we'll have to go over a list of Peace Prize winners in the past. Most of them are not names, I'll be honest, I've never heard of these people and I'd like to know exactly what they've done. So I think that getting the Peace Prize is really just like getting the prize for literature. Arbitrary, capricious, driven by political correctness. Whatever's ruling in the day, those two prizes ought to be abolished. They're abominations both for literature and for peace.
- [28:49]
B
What do you think the odds of Trump getting it, though are? The more you talk about it, the more I'm think he actually might get it.
- [28:59]
A
One of the Aussies going to get it? God, he does get what he wants, doesn't he? So who knows?
- [29:06]
B
And he holds a lot over Europe right now.
- [29:09]
A
Who's putting fingers on the scale to get the guys that vote for it? And I'm not sure who votes for the Peace Prize. Are they all Norwegians?
- [29:18]
B
I thought so, but I don't know for sure. Yeah.
- [29:22]
A
And if it is, how are these guys selected for voting on the Peace Prize? Yeah, maybe. But who are they going to give it to if not Trump? Somebody that nobody's ever heard of. Everybody's heard of Trump, right?
- [29:41]
B
I, I put it over, over Even better than 50 chance, though, listening to you talk about it, the way they've been lobbying for it, I think he'll probably get it.
- [29:50]
A
It's shocking, you know, it's like Time magazine's Man of the Year. And of course, since Time has slid back into the primordial Ooze that it rose from. It's not as big a deal as it once was, but it used to be that being times man of the Year was as big a deal as winning the Peace Prize. Just about. I mean, in terms of widespread acknowledgement.
- [30:19]
B
Does it have the same negative context as the Peace Prize does? I mean, are there as many bad actors who basically won it?
- [30:30]
A
Well, I think in order to get times man of the Year, it's not a judgment of whether you're good or bad. It's an acknowledgement of having changed things or had an impact on that year, which is quite different. I think that's their criteria. Okay, so a little bit. Little bit different because I think Mussolini and Der Fuhrer and maybe I don't think Stalin got it too.
- [31:02]
B
Okay. Yeah, I didn't have to look that up, that list. Later we'll discuss that. After Trump wins the Peace Prize, we can go through man of the Year stuff, too.
- [31:12]
A
Yeah, I'm not going to bet either way. I'm just so flummoxed by the type of things that are happening today that I think it's further proof that we live in a hologram.
- [31:27]
B
Yeah, I think. Or. Yeah, I think that's as. That's as good of a theory as there is. I think is that it's a matrix simulation. What do you think about this? I guess a couple weeks have passed with the whole. Has it been a couple. Almost a month now with Charlie Kirk, that situation? I wonder if you have any. Just general thoughts on that matter. I don't know if you've seen anything or any comments at all.
- [31:57]
A
Yeah, well, all we know is what we hear, quite frankly. Because, frankly, again, before they bumped off Charlie, I'd never. Well, I'd heard the name, but I didn't know anything about him at all. I mean, he was just another person out there in the blogosphere or talkosphere or whatever. But he's become a. He's become a catalyst. And one thing that's interesting is apparently there are dozens of organizations that have risen up. I'm not talking his organization, which they say is expanded hugely by thousands of local units. But stuff is on the Internet where you can send money for. To. For whatever. I don't know why he's dead and you're not sending the money directly to his organization, apparently. But there are these groups raising money in commemoration of Charlie Kirk. And I'll bet when an investigation is made, I'll bet a lot of them turn out to be in places like Nigeria and Pakistan and you know where they got really good copywriters giving you really great reasons why you should send the money. Because Charlie was killed.
- [33:25]
B
Yeah.
- [33:25]
A
And what? Tens of millions of dollars are being raised due to his death. But who do. I don't know where the money's going to. I don't think anybody knows.
- [33:35]
B
No, I don't think anyone knows. And I think those, those ones that pop up, it's kind of like during the Black Lives Matter thing, there are a whole bunch of different people raising money around that too. Around George Floyd stuff, actually.
- [33:49]
A
Well, maybe this is further proof that even though a lot of people can't even pay their mortgage and electricity bills these days, a lot of people just have too much money and send it off to really stupid things. In fact, counterproductive things. They don't know any better because it sounds good.
- [34:09]
B
Sounds good. Yeah. I think it's just a default consumer behavior when to show support for something. Americans think they need to buy something.
- [34:17]
A
Yeah, yeah. It's like security blanket. Yeah, yeah.
- [34:23]
B
And then they feel like you've done your part once you bought the product or sent some money away.
- [34:28]
A
Yeah, exactly. And this is a product you can't even put in your storage unit because you got too much shit in your garage, in your basement.
- [34:38]
B
Well, it's good in that front then. They don't need another storage facility for it.
- [34:41]
A
Yeah.
- [34:43]
B
Well, in this, you can see this, this Charlie Kirk situation does seem like it's the basis of what could lead to civil war. Like, it shows the fault lines forming. Don't you think?
- [34:54]
A
Yeah. People apparently either love him or hate him. And I don't think they're ever going to find out who did it. And I don't think it was that kid, whoever it was, that they accused of having taken the shot with a 30:06, which was definitely not the kind of round that hit him. That's out of the question. It's ridiculous. It's even stupid. I think people are talking about a 30 out 6 because you'd know it if he was hit with the 30. 06. And this is all crazy.
- [35:28]
B
Yeah, 100%. So like, so if we know that the. The round is wrong used, then we know then you have to start questioning everything else. So, yeah, I think it's very clear. And there's been a lot that's come out with different people that's very suspicious about the TP USA organization. And now they're kind of quietening things down, trying to cover up like internal disputes and stuff they had before that. But yeah, I don't think we'll ever know. I don't think the FBI is very curious about it.
- [35:58]
A
Yeah. And of course, lots of accusations are being made that seem to have. They're not irrational that the Israelis were behind it. Because if Charlie was about to jump ship on Israel, that would open a lot of questions in people's minds. Well, why? But apparently that's the case that he was kind of fed up with the way that the Zionists were bossing him around and calling the shots. And I don't know how intellectually honest Charlie really was, but the fact that he felt like he was being overly and overtly influenced by a foreign government, maybe it just about had it. And they couldn't, hey, better he die a hero than saying, I can't support Israel anymore. So maybe they bumped him off.
- [36:49]
B
Yeah. I mean, supposedly, that text message, group message where he said, I was like, I'm done with the Israeli cause or something like that. That was just two days, though, before the assassination. It seemed like it take longer to put something like that together. I don't know.
- [37:04]
A
Yeah.
- [37:04]
B
Than two days.
- [37:05]
A
The only person they. They must be mounting a massive investigation. They say this anyway. Lots of agents, lots of people snooping around, but the best they can come up with is some Looney Tunes kid. And I'll. I will make a bet on this, that sometime in the near future when he's in jail, he's going to slip on soap and die a tragic and unfortunate accidental death in prison.
- [37:38]
B
I think that would be probably the best solution to the problem. We just want to move on. And you don't have the. You don't have to worry about having somebody that can explain the defense before the court.
- [37:51]
A
Yeah, exactly. Then you can stop the investigations so there's less danger of discovering something which is untoward and unpleasant. So maybe he'll slip on soap before he's actually tried for that reason.
- [38:06]
B
Yeah, it could be. I would imagine it would be before rather than after, but it'll be a lot like discovery process. It'll be months before he actually hits a real court date anyway. So there's plenty of time.
- [38:19]
A
Plenty of time and lots of other distracting things will happen of more here and now importance than a random assassination or not so random assassination.
- [38:31]
B
Yeah, I agree. Okay. All right, Doug. Well, I think we'll leave it there for today. Tomorrow you're traveling, so we won't be here tomorrow. Next week we've got a conference. So I'm not sure when we'll be back because we have. Then we're going to Azerbaijan, so it might be a couple weeks off here.
- [38:46]
A
It might. Or perhaps we'll get a break and we can broadcast from the exotic locale of someplace in Azerbaijan.
- [38:55]
B
That's what we should do.
- [38:56]
A
Yeah.
- [38:57]
B
Yeah. All right. Awesome. Well, I will see you soon, Doug. Thanks very much.
- [39:01]
A
Thanks, Matt.