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The Rabbi Daniel Lapin Podcast
Episode: Should You Consider Investing In China? What Would the Queen Have Said?
Date: 09/09/22 Length: 49:44
Daniel Lapin 0:00
Welcome, happy warriors. And thank you for being part of the rabbi Daniel Lapin show where I, your rabbi, reveal how the world really works. Thanks for being part of the show, and thanks for all you do to help promote the show. And let's see, well, here we are early in the month of September. And the world has just received the news that Queen Elizabeth the Second has died at the age of 96, the longest reigning British monarchy in all of history. She got to know and worked with about 13 Prime Ministers and about the same number of US presidents I think. And she really has lived a long and fulfilled life and she played an important role, what sort of important role?
Daniel Lapin 1:02
Well, here's what it is, I've noticed that in the couple of days, since the passing of the British monarch, obviously, every news outlet and and every commentator and every pundit has tried, tried to come up with something new to say about the the lady, a lady of dignity, a lady who saw the ups and downs of she really I mean, she she's she saw she lived through as a young girl, she lived through World War Two, she saw her father, King George the sixth, working with Winston Churchill, she became queen at the untimely passing of King George the sixth in his 50s I think he was a young man. And, and then she, the very first prime minister she worked with was Winston Churchill. So the relationship between the British monarchy and the Prime Minister is actually a very close one. And although technically, the king or queen of England doesn't wield constitutional power, per se, they nonetheless are very influential and, and, you know, people, people have a way of exceeding to power even when it hasn't been explicitly stated. And
Daniel Lapin 2:28
I mentioned that in in the context of a play about the killing the the murder of a bishop murder in the cathedral, and, and although the instruction for murdering the bishop was never actually given, he did say, who will rid me of this vexatious priest? And because he was powerful, he knew that there would be people who would act on that and rid him of the archbishop. Even though he would be able to claim afterwards, what are you talking about? I didn't give any such order. And sure enough, he didn't. And I mentioned that a lot of the skullduggery during the Clinton Administration. At the time when Bill Clinton was president from 92 to 1992. To 2000. That period, that skullduggery again, it would be almost impossible to find that on the record, where the President actually instructed anybody to do any of these untoward things. But around power, there is always a circle of people ready to divine, the intent of the powerful individual and to fulfill his or his desires and thereby increase their closeness to power and ultimately their own power through doing that.
Daniel Lapin 4:06
And so, in that sense, the the Queen actually did wield considerable influence. And as everybody has been sort of grappling to find new things to say about the Queen and nothing I've said so far as anything, no one else has said or you haven't already heard or new for yourself. So I thought that without delving too deeply, I would like to take another angle at at the role played by Queen Elizabeth the second. I'm sad about her passing, because I think she she for reasons I'll show you I think she wielded a very positive influence on the world.
Daniel Lapin 4:51
I'm also sad because the the individual who became king at the incident she passed away will as Prince Charles who is now going to rule as King Charles the third, by all indications in in his conduct and in the way he's handled his life and his official life, and the way and the statements he's made, he comes across as not a particularly smart man, certainly not a wise man in any way whatsoever, whereas his mom was. But so I think that's unfortunate and, and not going to be a good thing. But let me see if I can share something that's a little bit different with respect to her role. And in order to do that, I always have to bring it back to the practical for you happy warriors, you are my prime concern, your welfare, your your finances, your family's, your faith, your friendships and your physical fitness. These are all things I care about. And always want to make sure that any time that I am going to be asking you to invest your most valuable commodity, namely, your time to listen to what I'm going to be discussing with you, I want to make absolutely sure that I'm not giving you something just of historical interest or cultural interest.
Daniel Lapin 6:23
But no, we are talking about something that can actually be usefully employed as you try to advance your own interests in your five F's. And we've spoken about the the fact that inflation is a reality, the government officially concedes a rate of inflation of somewhere around about eight or 9%. And I don't have any doubt whatsoever in my mind that the actual rate of inflation is about double that there are many easy ways for inflation, the official figures to be concealed, and for the consumer price index to be tampered with. So as that the administration is able to plausibly claim, Oh the inflation rate is eight or 9%. And soon you will see, as we come closer to America's and November 2022, elections, there are going to be announcements to the fact that inflation has come down, I don't think it is coming down, I don't think it will be coming down in the near future, I think it's a reality. And I also do believe that the actual real rate of inflation, the rate at which any money you have in your bank account is being eroded is more like double the official rate, it's probably 13 to 15, maybe 17%, it's somewhere up there. Difficult to be precise, I, I need to depend on others who can perform these calculations, more adeptly and more accurately than I can. And, and I've come to the conclusion looking at all of that, that our real rate is is up there at about 15% At any rate is more than 12% for sure. And that means that 1% of your money is vanishing every month, just by being in the account. So all the time that we were told, and we believe that saving money is important and good. Right? Now, it turns out the other way, the more money you owe, the better is if you owe student loans.
Daniel Lapin 8:47
You know, you took out a lot of money. And you lived high on the hog while pretending to proceed with an academic degree in gender studies or some equally absurd and useful, useless field. And so now, the government's taking that off your hands, well, the government is not a magician, it can't wave a magic wand. And the government cannot do anything but move money around. It can print money, which is the same way. It's the same thing as taking money away from hard working citizens. So the more money you owe right now, the better it is because the in the same way that the amount you possess is vanishing at the rate of about 1% a month if you live in the United States of America, the amount you owe vanishes at the rate of about 1% a month as well. And what is more than that, the value of money going down like that means that even if you are not going to walk away from your loans, like many many students are doing with the help of the Biden administration. But when you do you pay back loans or you pay back with cheaper money than you got when you borrowed them? So it's all together a very unstable and unhealthy situation? Not a good thing at all. But
Daniel Lapin 10:10
But still, you know, you don't want to go into debt, certainly not unnecessarily. So So there you are, you have a few dollars and you have it in the bank account. What on earth are you to do with it, you really need to do some serious thinking about that. I'm not going to give you any specific advice on that, because I'm not your financial planner, you are your financial planner, you know, your own situation, you know, your timeline. the whatever age you are, is relevant to that conversation. And advice that would be good for somebody who is 35 is very different from the advice that will be good for someone who was, shall we say? 65. So it's all it's all your responsibility?
Daniel Lapin 11:01
Nobody in the whole world cares more about your money than you do. And so, yeah, be aware of that. And you need to be thinking of what you can do so as to make sure that your money is being protected as best as it possibly can. What does that mean? Well, one of the questions that a number of people have been asking me is, since it looks as if China is on the ascent, China is on the way up in the world, where as the United States seems to be on the way down wokeness in the American military, that's a huge problem. Nothing like that is happening in China.
Daniel Lapin 11:52
The damage that has been done to the economy by pretending that everything can magically be turned electrical at no cost whatsoever. Yeah, rolling blackouts in California in California. As I mentioned, years ago, Los Angeles is in many ways, the capital of the Third World, like California has become an undeveloped country, if you like rolling blackouts really? Not happening in China. And in China, yeah. In China, between China and India. They're building a new coal powered power station every week, between India and China, a new coal fired power station going up every week. So. So why would anybody be so foolish as to think that there is value in turning off America's coal fired and Natural gas fired stations? Why would anybody think it's a good idea to shut down nuclear power stations. But these are things that are being done in the United States of America. They're not being done in, in China. So. So I hear people asking me all the time. So are you saying that we should invest in China? And the answer to that is that I think you should think about it, you should be very aware, there are certain complications associated with that it's not so simple at all.
Daniel Lapin 13:32
But one of the things that we should certainly be aware of, is that the idea of moving some of your money into an arena, where it will be part of an upward moving trend instead of a downward moving trend. Well, there'd be great value in doing that. How do you do that? It's not easy. Do you buy Chinese yuan? That's the currency there? Do you buy that currency? Well, again, you've really got to know what you're doing. And, and you've got to study it and be very, very careful. But one of the things we know is that holding money in dollars, is definitely costing you about 1% a month. Now, there is such a thing as inflation linked bonds in the United States, where you can get a return that is pegged to the inflation rate. Okay, it's not the the real inflation rate, it's pegged to the the official inflation rate and so that is that is obviously not as high but it's better than nothing. If you have your if you know, if you're getting three quarters of a percent interest on your savings, that's not a I mean, It's not even coming close to what your savings are losing every day.
Daniel Lapin 15:04
So you really got to think about what to do, you don't necessarily have to invest in in China, one of the things you could do is buy stocks, in companies in the United States that do a lot of business in China, where a great deal of the revenue of the enterprise is derived from Chinese operations. Not without risk, of course, but I thought, let me try and give you an overall set of principles here, by means of which you yourself will be able to make a wise and informed decision as to whether China should be part of your investment strategy. Let me explain. Look.
Daniel Lapin 16:38
There's a lot of momentum or inertia to the US dollar and to the US economy. It takes some beating down, it's it's it doesn't vanish overnight. But two things are needed for the successful maintenance of an economy and other currency. Number one, a largely free market. And number two, a set of important values, a moral vision, if you like, which is more or less uniformly shared in common by the members of that society and the participants in that economy. And let me let me be specific, free market, a free market that depends on the magic of human interaction.
Daniel Lapin 17:39
Now, let me explain a monopoly where a group of shall we say manufacturers get together to set prices among themselves in collusion with one another, that's not a free market. Likewise, when workers get together and collude with one another, that's also not a free market. It just so happens that we live in a government, under a government in a society in America, where the government puts his finger on the scales on the side of labor, and against the side of capital. So it is illegal to collude with other manufacturers and set a price. But it is not illegal to collude with other workers and establish a bargaining union, whereby you are able to extract very problematic penalties from a an employer who doesn't toe the line. So neither of those things are free markets, both of those things interfere. How do unions interfere? And I'm not, I'm not denying that there have been times in history in American history, particularly 18 19/19 centuries, early 20th to some extent, where working conditions were rough, and, and very, very hard. And I can understand how bargaining unions came into being I totally get that.
Daniel Lapin 19:11
But where we are now, you also have to recognize that like everything else that has a plus side, there's also a downside. And what unions are able to do is to force organizations to pay more than the actual economic value of the employee. Right? You think about it. And if you're a small entrepreneur, if you've ever had to hire somebody, you know what happens, you know that the the graph of economic success of your enterprise as soon as you hire somebody, it takes a hit and goes down, because you're now paying another salary. And that person hasn't yet got up to speed and began to develop their full abilities and their full skills, and eventually, it starts climbing again. But initially, it does go down. And so everybody has a contribution they make. And so when a union, particularly a public sector union compels a town to pay far more to its garbage picker collectors and its police and to its everybody, well, they ended up this the the town manager says, Well, you know what the bill will come to you on the next person's watch. So I'm not, you know, why do I have to fight this union and be the bad guy in town? I'll give an answer. Sure enough, public sector, salaries and benefits are a way typically, on average around the United States, way higher than private sector, and brought about by unions. Now, in private sector, unions have also done things. And so when you speak about companies that have outsourced manufacturing, the reason is very simple. And that is their labor costs are high or more than they're worth. You can't manufacture on that basis. Nobody can, you'd have to be some kind of a magician. But a normal mortal human being, cannot operate like that.
Daniel Lapin 21:14
And so yeah, manufacturing did leave the United States of America, who's the villain in that piece, primarily unions, in other words, interference with the free market. And so really, for economic effluence, for a society's economy to really succeed, the first thing you need is as close as possible to a free market. And the second thing you need is a shared moral vision. What do I mean by that? Well, reducing that to just two basics, marriage and family, and integrity.
Daniel Lapin 21:54
If those things are part of the value system of that society, and it has a free market system, it's going to climb and that is the story of the United States until about 1962. You know, already, I'd say 1962. But you can't put a date or a month or even necessarily a year on a society's decline. There are reasons that that is a convenient date, but it's it's close enough, it's within that period of time. And what the difference between then and now is that up till then the population of the United States was growing indigenously, in other words, not through immigration, but people having children it was growing naturally on and organically. And the second thing that was happening then was, you had a manageable number of people on welfare people on welfare, usually for a limited period of time, short time. But the idea that there was an entire welfare class of people, that there was an entire population in the country that had been living multi generationally, on the sweat of other people's brows that didn't exist before 1962. But it did exist afterwards.
Daniel Lapin 23:10
Exploiting of the emergency room of a hospital, you know, it's not paying your way medically. And by the way, medical insurance and the whole medical industry, again, not free market at all, tremendous amount of government interference there as well, originally in the hope of winning votes, because left leaning governments like saying to you, we'll take care of you from the cradle to the grave. And medicine, of course, is part of that and will educate your children and we'll give you money when you told to work, governments like doing that as a deal, you'll get all of that in exchange for your votes. And most people in the population, most people who are docile and sheep like eagerly effect the value exchange without thinking for even a moment, what is really going on here. And, and so the the idea of integrity, that you keep your word that you show up for work on time, that you don't want stuff for free.
Daniel Lapin 24:21
All of those things was part of the culture. It was part of a commonly agreed upon moral system. We all knew what it meant today. That is all gone from the United States of America. Another thing that happened until then, was marriage and family. Look, I've discussed in the past that for a functioning economy, you have to have a pyramid population structure, each generation has to be larger than the one before that is how it works. There is no way to bypass that simple reality. And if you ever wondered, why it is that the German government or the French government, or for that matter, the Swedish government brought in huge numbers of young men from the Middle East and North Africa, you must have thought to yourself, Are they crazy? Do I know stuff? They don't know? No, you just didn't pay attention to the fact that they were aware of their own demographic decline. And their assumption was that one body is much like the other, that is part of a Marxist materialistic outlook, this body is the same as that body. And what I say is, that's not true. This body that is influenced by a soul, and by a spiritual outlook is very different from that body, which is driven primarily by its own appetites.
Daniel Lapin 25:49
From the outside, you might look at these two bodies and say they're interchangeable. The reality is there not a role interchangeable. what your body does is very much a function of the spiritual schematic that shapes who you really are. And so it is when you're looking at millions of people in the population of a country, if you've got millions of people shaped by a spiritual schematic that says, Yes, I do build a stable marriage. And I do raise the next generation and I raised them to be upright and top rate citizens. That's one kind of place. Another kind of place says, No, you don't I do what I like, I'm a free person, I can make my own choices. And I choose not to get married, I choose not to have children. Well, you're seeing that happening in the United States, largely right now as well. So these are the two important areas, integrity, and marriage and family. If a society has integrity, it's made up of people with a vision of moral integrity. And it also has Marriage and Family visions, and and, and patterns. And it has a free market. There's no stopping that society, no stopping it.
Daniel Lapin 27:11
What's the second kind, second kind is also a free market, don't for a moment give any thought to socialism as the Soviet Union practiced it. That was a non starter, it never was a success, and finally at founded and failed after about seven years, so don't dream about that. Free Market is a prerequisite. And the free market with limited extremely limited restraints and controls, because the free market largely tends to control itself, not 100%. And that's why there is room for government. But the extent to which the free market is influenced, shaped, sculpted, pressured in the United States is way more than it used to be 100 years ago. And the results are not all good.
Daniel Lapin 28:08
So what is the second kind of describe the old American model? How about the second kind, the second kind is the Chinese model. Now, the Chinese model is, again, believe it or not, it's largely a free market with a degree of government interference. But here's the point, my friends, each of you happy warriors, please hear me on this. I am not at all sure that the government interference with the free market in China is any worse than the government interference with the free market in the United States of America.
Daniel Lapin 28:54
I think that if you actually scrutinize the two free market aspects of China and the United States, I think you will find that the government pressures on the free market are about the same in both countries. But "ah" you say China lacks. China doesn't have the moral framework you're talking about, of integrity and marriage. Well, here's the thing. You see that moral framework can come about organically just through the the native beliefs and views of the majority of the citizens, as used to be the case in America as an as a Judeo Christian country. That's how it used to be. But there's another way of doing that. And that is through government control. That also works.
Daniel Lapin 29:45
You'll follow what I'm saying, you know, China has social credit systems, in other words, how you behave, how you drive, what you do all of these things, total up a government tally of your social credit. And if you score high you get certain benefits living in this society; if you score low, you have certain penalties associated with it. But what are these government imposed values? Remember I said, You got to have for a successful economy, there's two things, you got to have free market and mutually and commonly held moral vision impacting integrity and marriage and family. Well, in America, we saw how that used to be the case, up until about the early 1960s. In China, it is the case right now. Yes, there are governmental rules on marriage and family there are they even tried the the dreadfully mistaken policy of one child? For many, many years. They're paying the price for that. Now, there's no question about it, there are huge problems. But the government definitely sees itself in the role. When I say the government, it's the Communist Party clearly sees itself in the role of taking care of people's family life as well. It interferes in that area. And it expects people to do certain things. And so the the measure of people who are deliberately childless in China as a proportion are much lower than in the United States of America. Because in China, most people recognize that it is the right thing to do to get married and raise the next generation you for for a viable economy, you got to have the majority of people thinking that either because their religion and faith leads them in that direction, or because the government under which they live compels them in that direction. It doesn't actually matter.
Daniel Lapin 31:52
Now, I'm not saying that it's equally pleasurable to live under one as the other. That may not be the case, obviously. But in terms of the success of an economy, and you see where I'm going with this, you will hear people saying often, oh, the Chinese economy is in for a rough landing, oh, it's going to plummet? Don't you just wait, it's gonna come all tumbling down. And everybody's eagerly and breathlessly waiting to see Oh, goody, we'll be able to announce that the Chinese economy is collapsing. The problem is it isn't. And the reason it isn't is because it has as much of a free market as we do. And it has a government imposed system of values. And so a far greater proportion of Chinese subscribe to the values that underpin their society in their economy than in America and American we can't arrive at any kind of a consensus. At At its most basic and broadest. There's about a 5050 split between two incompatible and opposing ways on how people ought to live. You know, and we see that in election after election right now.
Daniel Lapin 33:07
The so the problem is that right now in America, what you have is no shared value system. Today in America, the value system is pretty much everyone is should just do as they wish. And, and then you've got the struggle between woke ism and traditionalism. But in America, you have now a declining free market, and a declining common vision. That's not good for a country's economy. And that helps to explain what is happening. The problem of inflation, as I've discussed on the show many times in the past, the problem of inflation is essentially a an abolition of integrity. It is a government that doesn't care about morality, or honesty or integrity. And inflation is the result. Inflation is what happens when you enjoy too much spending other people's money.
Daniel Lapin 35:00
I'll give it about a, a six out of 10. And how about China's free market, but at the same, so equivalent, but now let's look at the second thing you need for a successful economy, you need people to share a vision, people have to be have some idea of where this is all leading America score on that, unfortunately, very low at the moment, China's score much higher.
Daniel Lapin 35:34
And so I think it's for that reason, my own personal view is that it is a wise thing to look to diversify outside the United States of America. And that, as I said, there are companies there fast food conglomerates that have growing Chinese sections. Yeah, that's something I think are going to take a good look at. There are other areas, other companies that are that have a very active Chinese involvement that a large part of their revenue is coming from China. I think that's worth looking at, in general, I really do think it is and so.
Daniel Lapin 36:42
I don't think it's happening. I just don't see that happening at all. Now back to the Queen. You know what the role of the Queen was in England. And and and this has been the case for a long, long time, helping to preserve and maintain the idea of a common moral vision. In the United Kingdom, that's something the Queen has done. Marriage and Family. Notice that she became the queen at a very young age. And she she continued in her role as wife and mother. And the British loved her for that. And King Charles made something of a mess of his own private family life, to say the least. But the heir to the throne, his son, Prince William, you will notice, again, the British will love that because again, very much a family and that. And you've got to understand that if you haven't ever lived in England, and you've never sort of had a sense of the influence of the of the monarchy. It really does happen in England.
Daniel Lapin 37:55
I'll just give you a little lap and family anecdote. Many years ago, my paternal grandfather was making his living by raising ostriches. You know why? Because women's fashions used ostrich feathers. You remember all those plumed hats and dresses and the ostrich feathers with the thing. And for a period of time, my paternal grandfather made a decent living, raising ostriches. One of the things I inherited from him was a gold and ostrich leather cigarette case. You remember those things people used to? People have smoked a lot used to have smoked cigarette cases. And grandpa Lapin actually had one of those made out of ostrich skin. And so he raised arches. Anyways, all of a sudden fashions changed as they did. And, and pupils. Women stopped wearing ostrich feathers and hard times hit. So you know what they did? And my grandfather and some of his friends set up a delegation to go to London, from South Africa and to speak to the Queen at that time. It would, it was actually Queen Victoria at the time. And and to ask her to you know, they took a whole lot of beautiful ostrich feathers. They asked to wear some ostrich feathers to help the ostrich farmers in her colony of South Africa. And sure enough, the good Queen did exactly that. And wow, ostrich feathers just took off again. It just gives you a little bit of an idea what the Queen does people notice and they emulate and so perhaps something that you will not have heard from anyone else.
Daniel Lapin 39:49
The role of Queen Elizabeth the Second, maintaining the values that held together England, primarily integrity and and family, those those two, and the Queen has always stood for exactly those qualities. And, and before her King George the sixth did, and and before him, King George the fifth did and Queen Victoria did. This has always been a part of the British monarchy, certainly in recent times. And so if you've ever wondered if you've ever wondered why it is that a small little island in the North Atlantic, man, you know, you know how big I mean, look, England is small, this little island came to rule a large part of the world.
Daniel Lapin 40:47
And by the way, left almost everywhere they were better off than when they came. And that's true for India was true for Australia and New Zealand was true for Rhodesia, and true for all of Southern Africa was true for Ghana. Yes. And I know that many foolish people are speaking evil of the Queen, because England was a colonial power. Yeah, as a matter of fact, in a lot of the countries that England used to run, I'll tell you something, people are really real human beings are nostalgic. For the days when England reused to run things. It's true.
Daniel Lapin 41:29
I mean, I've heard comments throughout Africa from people that back then the railways ran back, then you could get medicine at the hospital, the corruption level was very low. Yeah, in England now, how did a small nation like England become so incredibly dominant? And the answer is, because of integrity and family values, the power of the economy, and therefore of the country grew and grew. And you cannot underestimate, you cannot overestimate I'm sorry, the influence of the monarchy in maintaining those values. That's really what it's a huge challenge, by the way. And when you're raising your own family, these are some of the values you have to import, because it provides success and longevity.
Daniel Lapin 42:22
It's an interesting thing that right now we have a beautiful product, that I really want to encourage you very much along these lines. It's called The Gathering Storm. And it's about Noah and the flood. But it's in the context of what we are supposed supposed to learn. Pardon me, this is not a history book. This is not a story of what happened 1000s of years ago, when there was a huge flood. No, that is an almost mathematical blueprint, you follow of what is happening today. And so we go and take a look at that blueprint. And we extract the fundamental principles, and we apply them to what's going on today. That's what this program called The Gathering Storm on my website, tells you about and shows you what to do. So to give you an example, Chapter Six of Genesis starts off with this baffling thing, which is that Hi, guess what daughters were born, people had daughters.
Daniel Lapin 43:29
I mean, just on a basic reading level, you only have to go back three verses and to see somebody gave birth to sons and daughters. Go back another four verses, somebody gave birth to sons and daughters. Somebody else gave birth, just giving birth to sons and daughters is perfectly normal. What does it mean? When it tells us that they were daughters born? verse one of chapter six, you should have a look, by the end if you don't have a Bible, please just go to my website. And by Rabbi Daniel happens, recommended Bible. I really don't think you can be a successful and educated person who gets how the world really works. Without having a Bible. This has nothing to do by the way, I'm not speaking about you believe in God, you but I'm not talking about that. Right now. I'm just talking about having a book that has been the most influential book in the most successful civilization you've seen on Earth.
Daniel Lapin 44:29
Britain, the queen, she spoke of religion and the Bible all the time. She was actually the by by statute. She was the head of the Church of England. And it is through England, that Protestant faith was spread around the world throughout Africa, to North America, England into these things because of the Bible. So please make sure everybody i can't i
Daniel Lapin 45:15
Because like, really they had daughters, wow, who would have thought? But then you get to chapter six, verse two, very next verse, and it's talking about the sons of the Lords. And here, we got to be careful, because there are very many. How can I put this mistaken translations that start depicting this in supernatural terms, that these are children of gods that came down to earth, and it's actually not like that. And in my study resource called The Gathering Storm, I explained exactly what the sons of the Lord's is. And I explained what's really going on here, essentially, when a society starts declining, sexuality is almost always very much a part of it.
Daniel Lapin 46:14
And so people sometimes ask me, you know, do you have a sense of, you know, who's going to win the midterm elections in November 22? Hey, do you know, do you have any idea who's going to be president in 2024? The answer is, I don't know any of those things. But I do know the societal trends that my happy warriors need to understand, as they make day to day decisions about their families and their finances, their friendships, what's friendship got to do with it? Well, it has a lot to do with where you choose to live. And so as societal trends, I can tell you, the area of sexual decay, whether you're talking about transsexualism, and everything else that goes along with it, whether you're talking about further destruction of marriage, whether you're talking about more children being born to women who are not married to the fathers of those children, I can tell you, all of those things are continuing, and will continue past the midterm elections, regardless of how that comes out. And those things will have much more bearing on your life, then who wins the election.
Daniel Lapin 47:34
That's you got to think about that. And so, unfortunately, because I live in the United States of America, I can see no short term improvement in the economy. In the United States of America. Again, there's a lot of inertia to a big economy like ours. So again, nothing happens overnight. But in terms of can we expect a sudden uptick? No, there's going to be increasing government interference with the free market, diminished common vision, and a lot of that I explain in this wonderful resource, you can, you can look at it online, it's called The Gathering Storm. And if you aren't sure, if you're interested in that, just read the first few verses of Genesis chapter six. And you'll see, hey, without your rabbi, I don't think that's gonna make a lot of sense. But with me, not only will it makes sense, but it will actually help to point you on the road ahead. The things you have to be aware of, as you make decisions, for your family, for your financial life, for your social life, or even for your physical health, all of those decisions, you need to know what's really going on around you. And in order to know that you got to know how the world really works. And all of that is my job to bring to you. And I sincerely hope that not only have you enjoyed this little opportunity to be together, but that it's actually enhanced your understanding of how the world really works. And if it has, then you are set to move onwards and upwards. building and growing, your faith, your family, your friendships, your finances, and your physical health in the week ahead, until we meet again.
Daniel Lapin 34:13
That's it. And so, in in terms of trying to weigh up and decide about China, I do believe that it's worthwhile noting that, that the the notion that all Chinese going to China is going to implode financially, it's just watch and see no economy can exist with that degree of interference. You got to draw. The interference is mostly on the moral vision side.
Daniel Lapin 34:45
The interference on their free market exists, but it's no more than the American government's interference with America's free market. So if you like you could look at it as an equal thing. How's America's free market?
