Government ownership of private companies isn't new. In 2008, TARP put taxpayer money into banks, automakers and AIG, and a century ago the government took over the railroads. What's different now, Luke Tatum and Rob Brayton argue in Episode 011, is that the Trump administration is buying stakes to hold, in Intel and several other companies, with talk of a US sovereign wealth fund. With Nicky P, they look at how TARP worked, who benefits when government picks winners, and what you can control.
“There is a plan, when you are taking and investing $9 billion in a company, you don’t just throw it out there.”
After Episode 005 on the government's 10% stake in Intel, the list of stakes kept growing. Much of the coverage treats it as something brand new. Luke and Rob argue it's both new and very old, and Nicky, who was fresh out of college in 2008, asks how a bailout like TARP actually works.
What We Covered
The 2008 playbook. Rob walks through the Emergency Economic Stabilization Act of October 2008. The first plan was to buy toxic mortgage-backed securities from banks. As the crisis spread, it became direct capital injections: the government bought stock in the nine largest banks, the automakers and AIG, and the companies were expected to buy those shares back with interest. Nicky remembers the slogan: save Wall Street to save Main Street.
Picking winners and the Cantillon effect. Luke notes that the companies closest to Washington, in its favored industries, are the ones that get bailed out. That's government choosing winners and losers, and the Cantillon effect explains who gains: those who get new money first can spend it before prices rise. Nicky says if listeners learn one term from the show, it should be this one.
A reading list. Rob recommends The Fruits of Graft by Wayne Jett for what really happened in 2008. Nicky's pick is Meltdown by Tom Woods.
“It is a little different to buy and hold instead of buy, help them recapitalize their books and then get back out of it.”
Buying to hold. Luke lists the companies the Trump administration has taken stakes in so far: Intel, MP Materials, Lithium Americas and Trilogy Metals, plus a golden share in US Steel. Under TARP, the government bought in, helped recapitalize and got out. This time it's buying to hold and share in the profits, and officials have described it as the start of a sovereign wealth fund. Rob says nobody puts $9 billion into a company without a plan.
Where AI comes in. Luke sees the stakes as part of a larger move into AI, from mining the metals to making the chips, and wouldn't be surprised to see AMD or Nvidia added. His worry is what a government with a stake in AI can do with personal data at that speed. Rob points to years of DARPA work with Alphabet and others, and suspects the government wants direct control of the supply of materials.
Rare earths and supply chains. Nicky explains why the minerals matter: rare earth mining is destructive, much of it happens overseas, and the military needs those materials from countries that may not be friendly. He sees the logic in bringing production home but worries it repeats the green energy subsidy projects that cost a fortune and delivered little.
“Look to history. Pay attention, learn from the mistakes of the past.”
Profit and loss still apply. Luke says government acts as if economics doesn't apply to it, subsidizing wind and solar until they work. A 50% gain in efficiency on a poor starting point is still poor. Nicky adds that subsidized companies often end up buying the firms that made real progress, which is the Cantillon effect again. Their view is that the trouble usually isn't greedy companies. It's malinvestment directed by government.
Let early adopters pay. Nicky prefers how video game consoles used to work: early buyers paid a high price for bragging rights, and that paid for the price to come down for everyone else. Subsidizing the price from day one takes from everybody to pay for it.
Nothing new under the sun. Nicky's takeaway is that the same mistakes keep happening because government has every reason to repeat them. That's useful, because if you study history you can see them coming. Luke adds that government may pick winners among big companies, but it doesn't pick winners among ordinary people. Anyone who saves and keeps capital ready can act when an opportunity comes.
Key Takeaway
Government stakes in private companies have a long history, and so do their side effects. You can't vote yourself out of paying for them, but you can choose how you handle your own money. Luke's advice is to start with a healthy attitude toward saving instead of chasing returns. Rob calls the belief that we already know everything about money arrival syndrome. Education comes first, and then the choice of what to do is yours.
Key Moments
[1:00] TARP and Too Big to Fail
[3:00] How TARP Actually Worked
[6:00] Bailouts and the Cantillon Effect
[8:00] Five New Stakes
[11:00] AI, Data and Government Control
[15:00] Rare Earth Minerals and Supply Chains
[19:00] Subsidies, Solar and Profit and Loss
[22:00] Let Early Adopters Pay
[25:00] Arrival Syndrome
[26:00] Nothing New Under the Sun
“We help people see things from a different angle and then once you see it’s up to you to make the decision.”
Related Episodes
Episode 005: What Does the Government's 10% Stake in Intel Mean for Taxpayers?
Episode 013: Is AI a Bubble? OpenAI's $7.8 Billion Loss and the Circular Financing Behind the Boom
Episode 044: Nvidia's $500 Billion Ask: Why BlackRock, Apollo and Goldman Sachs Are Bankrolling Their Own Customer's Demand
Want the full conversation, including Nicky's case for letting early adopters pay full price? Listen to the full episode and grab the free toolkit at PerfectSpiralCapital.com/podcast.
FAQ
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The Troubled Asset Relief Program was created by the Emergency Economic Stabilization Act in October 2008, with up to $700 billion in authority. It began as a plan to buy toxic mortgage assets from banks and became direct capital injections: the government bought stock in banks, the automakers and AIG, and the companies were expected to buy the shares back.
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Yes. During World War I, the federal government took control of the railroads, and in 2008 it took large stakes through TARP, at one point owning about 92% of AIG. In 2025 the Trump administration began taking stakes in companies including Intel and MP Materials, this time with the stated aim of holding them.
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A government-owned fund that holds stocks and other assets on the public’s behalf. Officials have described the administration’s company stakes as a possible start to a US sovereign wealth fund. Luke Tatum and Rob Brayton’s concern is that taxpayers carry the risk while government decides how those companies, and their data, get used.
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The idea, named for the 18th-century economist Richard Cantillon, that new money doesn’t reach everyone at once. Those who receive it first, like banks, government contractors and favored industries, can spend it before prices rise. People who receive it last face the higher prices without the benefit.
Show full transcript
Between The Lies: Episode 011 Transcript
Is Government Ownership Something New? [0:00]
Nicky P: Is all this government stake business really a new thing or just business as usual for our government? Welcome to the Between The Lies Podcast, your weekly lesson on how to approach an uncertain world with positivity and balance. I'm Nicky P here with my good friends and money brains. Luke Tatum and Rob Brayton from Perfect Spiral Capital.
Stick around to the end of the video for their free toolkit and be sure to like and subscribe if you enjoy what we're doing. Gentlemen, are you ready to see how deep this government ownership rabbit hole goes?
Luke Tatum: I love it. Channeling Morpheus there a bit. Excellent excellence. You know, it really is, it is a really interesting thing to see the world from new angles, you know, and to realize that maybe everything the government does is not for our best interest and whatnot.
But with this, I think there's a lot of confusion because we, well, public discourse seems to be that. This is a brand new, unique thing. Of course, we've done an episode about the 10% stake that, Trump moved to take of Intel and, you know, it is new, but it's also not new in a lot of ways. So thought that might be an interesting thing to get into today.
Rob, you were just looking up some stuff about TARP and, and all these previous issues that we've had or situations we've been in 2008, all that. I mean, what is your high level overview there, if you would?
TARP and Too Big to Fail [1:00]
Rob Brayton: Yeah. So back in oh eight, if anybody recalls, those of you, those of our viewers who are old enough to remember, the US had taken, some pretty significant ownership stakes in a few companies, because they were deemed quote unquote, too big to fail.
But it was to try and prop up the economy, from a lot of companies. We gotta
Nicky P: Save Wall Street to save Main Street.
Rob Brayton: Yes. That was one of the terms, you know, capitalism at its finest. Right. You know, survival of the fittest. But anyway, yeah, it was a pretty interesting time. Right. And. $700 billion plus in taxpayer dollars used to prop up companies that were already going to fail, because of the decisions they had made.
But, obviously way bigger topic than we're gonna talk about here. But it wasn't the first time either that, private ownership had happened. We had nationalization of the railway system way back when, in the early 19 hundreds and so on. So this isn't a new phenomenon necessarily. From what we've been able to surmise at this point though, it does look a little different when you have, government types saying that it's the creation or the beginnings of a quote unquote sovereign wealth fund.
So that part of it is a little interesting in that it seems that there's a little bit different approach this time around. Perhaps what that means. I don't know that we really have the insight to be able to say, but it is pretty interesting nonetheless. To see how this ties into both historically with ownership, meaning that it isn't new, but this does appear that it's a little different angle that's being.
Attempted this time.
How TARP Actually Worked [3:00]
Nicky P: Yeah, so obviously I was around during like the 2008 crisis. I was theoretically an adult. I graduated college, had a degree and and whatnot, but at the time definitely had not yet been introduced into economics and frankly how important that is. So. Can you give me a little bit more detail, I guess is like the mechanism specifically of what, how TARP functioned.
Like I know that it was like a mass, we, it's, it was a mass bailout. We knew that they gave a bunch of money to companies, but like, that's literally as deep as my knowledge really goes on what happened now, obviously we all agree, giving companies money and picking winners and losers is always a bad thing.
So like the whole. Bailout Main Street, you know, wall Street to, so take care of Main Street has always been stupid, but like, how do they even manage to pull it off? I guess
Rob Brayton: So I mean, I remember there's a lot of back and forth to be able to approve that, what was then known as the Economic Stabilization Act in October of oh eight.
I remember advocating, no, we should not do it, but that, that's a different story. But it was, the initial plan was to buy toxic mortgage backed securities from banks. But the, as the crisis continued to deepen because they realized it was infiltrated into all aspects of the economy, there they looked at, well, maybe we need to do direct capital injection to help stabilize one to stabilize the banking system.
'cause they were worried that it was gonna completely collapse. But then two was to help stabilize these particular companies. So. There was the TARP, there was the TARP section for banks, which the nine largest banks were involved with. From what I understand. They were encouraged to participate in it, but then there was also the ownership stakes that took place.
And that was with, a number of different companies and across a couple of few different industries, you have the auto industry involved. You have some of the insurance industry involved with like AIG. And then obviously the banking system and those ownership stakes were more or less taking dollars that, you know, as we know in our circles, didn't exist, being created through this program, purchasing common stock and or preferred stock in a lot of cases that.
Those comp to keep those companies afloat, to build them up, build them back to where they were, and then those companies would buy those shares back from the government with interest and sort of pay the government back well. In theory, it works fine, but if you actually go in and look at all the details, all of every one of those companies lost money in the, in the process.
So,
Bailouts and the Cantillon Effect [6:00]
Luke Tatum: Right. I mean, stock buybacks is one of the hot topic, like boogeyman of the financial world. Like, look, these greedy corporations doing stock buybacks and doing, you know, all these, all these shenanigans, like there's terms that get thrown around that 1% of people understand the definitions of, and it's like, you're just supposed to know that that's bad.
Okay. Just. Fall in line, hate big corporations, whatever, and big corporations, like, there's a lot of nonsense going on. Okay. I'm not stepping out here to defend them, but it's almost as though the. The ones that are the closest to DC and they're the most involved in like the protected favorite industries.
Those are the ones that get the bailouts. Like it's, I believe what you said, Nick, it's government choosing winners and losers. Right? So, that is not a good thing. Cantillon effect. That's right. The Cantillon effect. That's right. I don't know. I never know how econ we wanna get in here, you know? But, Yeah, if you're doing further reading, Cantillon effect is, I mean, it's good reading.
Nicky P: It's good. Like if all our listeners ever learn this word Cantillon effect, they will be far better educated than most Americans are about our economy.
Luke Tatum: It's our favorite topic. Okay. You just have to, you just have to know.
Books on 2008 [7:00]
Rob Brayton: I was just gonna say, I would like to layer in, since we're talking about books and things like that, if you really wanna understand what went on in 2008, I highly recommend, if you can find it's a difficult book to locate.
The Fruits of Graft by Wayne Jett is a phenomenal book that talks about the details of what occurred and how it occurred, and that will give you a pretty good insight as to what actually happens. Just like what you were talking about Luke, in the back doors of Wall Street as it pertains to the interworkings with Washington like it, a lot of this stuff doesn't happen by chance.
It's all done by design, and that's the scary part.
Nicky P: Interesting choice you have there. I would've went with Meltdown by Tom Woods, but you know, we each have our particular books we like, I suppose
Luke Tatum: It's on my reading list. I still haven't read it, but I have barely read any books this year. Much to my dismay, I just haven't been on any road trips and I'm always an audio book guy, so, you know, here we go.
Five New Stakes [8:00]
Luke Tatum: But so, so TARP, you know, getting back to kind of the main thrust of what we're discussing here, you know, TARP was. Until recently, kind of the latest in this history, right? TARP coming in and, and taking shares of AIG, you know, 92% of AIG at one point. Crazy amounts of ownership. Obviously it's not new for the government to do that.
You had a system in place that did that, you know, many years ago at this point, but. Trump is doing something a little different. The Trump admin is doing something a little different. We have, I'll just list the companies. We're now at five companies that the Trump administration has decided to take a stake in.
We've got Intel Corporation, we've got MP Materials, Lithium Americas Corporation, Trilogy Metals Incorporated, and US Steel [Editor's note: The government holds a golden share in US Steel, which gives it a say over certain decisions, rather than an equity stake.] and. I see some commonalities in there between those companies, kind of what this could be sort of hinting at. Some people are gonna look at that and say, that's a crazy conspiracy theory.
And that's fine until I'm proven right in about two years. But, you know, whatever. But even if you don't look at the common industry stuff there and just discussing this, it's a different strategy. They're trying to participate in the profitability of companies. Now, what is the government doing with that?
The government can make money outta thin air. I mean, your guess is as good as mine. As mine, as to what we're really doing. Big picture, but it is a little different to buy and hold instead of buy, help them recapitalize their books and then get back out of it. Right?
Is There a Plan? [10:00]
Rob Brayton: Yeah. I mean there's clearly a plan when, I mean, when you look at that.
I don't know. I mean, maybe I see things differently or more similarly to you, Luke, but there's, there is a plan, when you are taking and investing $9 billion in a company, you don't just throw it out there. And granted, I know our government is really good at wasting a lot of money, but this does seem to be very strategic, so to speak.
And the wonder is, does this continue and. As it continues, at what proportion of a 10% stake do you own of the vast majority of some of these infrastructure based companies. And at what level? I don't know. It's, it's kind of interesting. And how is that actually going to play out for the you and me person?
Right? How does that play out at our level, in our day-to-day life? Does it actually help us or is it a situation where we are? Just footing the bill for someone else to get rich like it has been for a very long time.
AI, Data and Government Control [11:00]
Luke Tatum: Yeah. I mean, I see some really, really potentially negative things, you know, on the horizon, especially looking medium to long term out in the horizon now, you know, we don't have to play this game.
We can kind of isolate ourselves. We can do different things. I recommend everybody move outta the city and get out in the country, all those kind of things, right? But. I'll just say, I think that this is indicative of a larger play into the AI sphere, and so I wouldn't be surprised to see companies like AMD or Nvidia or guys like that join this list.
But I think that the Trump admin kind of has demonstrated a willingness to bend and break some rules and, and just kinda assert itself. Into this space, because. We want to control the development of ai governance, those kind of things. Trump has taken positions about, you know, relaxing rules around AI governance.
And so where does that lead us? It leads us to a government with a massive stake in the profitability of AI based companies. Companies that are focusing on ai, controlling the mining of the metals and those sorts of things, to create semiconductors to, you know, develop these tech, technologies and.
You know, government having ai, like as AI continues to get better, quote unquote better, that's worse. That is a bad thing when the government's got it. You know, it's the ability to comb through personal profiles, personal data, know what you're doing, where you're going, who you're with. At, you know, breakneck speed, right?
Like instantaneously, social credit scores, those types of things. It's all enabled by more and more computing power, more and more control over those industries. And so again, like some people are gonna hear that and go, Luke, you're crazy. But, I don't, I don't think so. I think I, that's as plain as day to.
DARPA and the Black Budget [13:00]
Rob Brayton: I don't know these companies all that well. I'll be the first to admit that I haven't really researched them. My question is like, maybe it's worth digging in and I'm not, you know, maybe somebody will wanna comment on this, but have any of these companies been sort of, I'm not gonna say for Intel, but maybe some of these others, are they real tied to any of the CIA black projects that have been involved?
Right? Like, those are things to question and consider in these situations. There's lots of a history, there's a ton of history on that stuff. You can go look it up, you can dig into it. But, the other thought there is this isn't anything new. It's not anything surprising. The black budget on AI has been huge for a lot of years with DARPA.
They've been working with Google, or I should say Alphabet and some of these other companies for a very long time. Well beyond it becoming mainstream. So if they're investing at this level, it tells me that they've already discovered an i, an idea or a way in which they want it to work, and they want to have direct control over sourcing of those materials so they can't necessarily have it be cut off from them.
That, that's, that's where my mind goes in some of these situations. And, it's kind of scary. It's sort of dystopian, but. I mean, has it ever really gone any other way through history? If you really are a student of history? I, it's hard to say, right? It doesn't, it does seem that that's the way that it's, that it's headed, unfortunately.
Rare Earth Minerals and Supply Chains [15:00]
Luke Tatum: Yeah. I mean, Nick, you brought up pre-show, about other comp, other countries, excuse me, you know, China, some of these other places where. These rare earth metals and things could be sourced from. And so, you know, what kind of conflicts does that create and how do we navigate those things that's, you know, remains to be seen?
Nicky P: Well, I guess the big thing that the, your fear is, I guess, about the AI thing are. I get them. And if you wanna see like the worst example of kind of like the government, it's about Palantir obviously, and it's from the movie, the Circle that they put out during COVID. It's a wonderful Tom Hanks movie about Big Brother becoming Big reality.
Obviously it comes from the private sector. How much of it is funded from government obviously is always the thing. The thing is that like I'd still rather anything like that come from a private sector because we know the government and the DARPA is spending their money on this crap already anyway.
Isn't They're going to take what they can anyways. It's all coming down the pipe one way or the other, I guess. And I guess I'd kinda rather be able to see it out in the open and seeing how it develops naturally and kinda be able to guide it as opposed to just deal with the hidden element of it.
The bigger problem though is that, like we were talking earlier, is the ramifications on a global level for things that we don't have a lot of here, the rare earth minerals. And a part of that's been good. 'cause if you know anything about rare earth mining or rare earth mineral mining, it's incredibly destructive.
Like anytime you see a picture of anything that looks like Mordor in Africa. It's probably a rare earth mineral mine. They're absolutely disgusting to the environment. That's also why we're being not able to keep our hands so clean when it comes to like environmental, issues. We can always blame it that it's happening in other countries for us, but what that does do is put us at a disadvantage of all the people that we do piss off globally when our military needs to have the very particular.
And hopefully good versions of the, you know, computers that we need and all the modern technology that we need, which all lives off of mere the minerals, many of 'em, the batteries and all that stuff like that to have, when you have to basically go beg people that hate you, to sell you and give you the things that you need to take care of yourself.
You know, it's a dangerous situation. Now, a danger in that situation is, well, if you not interfered with business and shipped all of our, like manual labor jobs overseas is probably would've shaken out naturally. But you didn't, you did ship all of our shit overseas and give away all of our jobs.
So, you know, it's, there's a part of me that's like, I understand the importance. Of bringing that stuff back here, but then I think we fall into the same issue that we do. Like if you remember back when Obama's in office and we're bringing back or going through all the green New Deal stuff, it's in the news now because I believe they just now finally closed.
What was the biggest, The biggest, solar energy plant in the world, out in the deserts in California. It is now, like, it's also is one of the most expensive government projects ever done, and we gave them just, you might as well have written a blank check for how much money we gave them and, and what did it end up be amounting to, nothing.
This is a failed idea that our government felt like getting behind because it thought it was the future. You know? I guess this just reeks of that to me.
Subsidies, Solar and Profit and Loss [19:00]
Luke Tatum: Well, and it always goes back to profit and loss and basic economics, right? The government pretends that economics doesn't exist and that the laws of the of reality don't exist, and well, we'll just subsidize.
Whatever, wind, solar until it's good. I mean, that's been the argument from a lot of green energy advocates for a long time, you know, quote unquote green energy. It's like, well, it's getting more efficient. You know, we've had a 50% increase in the efficiency of photovoltaic cells. It's like, okay, well 50% more of horrible, of horrible efficiency is still pretty bad.
You know, like it's getting better. Great. But. It's not there yet and it's not, you know, it's not rolled out in a big enough way, you know?
Nicky P: Well, and you know, where it's usually not getting better at the companies where we dump the money, it tends to be those companies eventually buy the people because they have back government backing.
That actually did create the forward progress. But once again, Cantillon effects. People have the government's money to buy this stuff. Yeah, it's just frustrating, you know, obviously we are ideologically possessed in such a way that like, it burns us to our core. Anytime we think of the government picking winners and losers and more for no other reason than like the whole capitalism.
Bad rap is based on these greedy, awful companies. When, well, it's not usually greedy, awful companies. It's the mal-investment that's put into the, into the economy by the government that causes the real issues,
Luke Tatum: Right? I mean, what are we subsidizing? I, Rob, I see you wanna say something? I'm sorry to cut you off.
But like, you know, you have federal rebate programs, state rebate programs for solar panels on your roof and all these different things like, you know, there's all these. Things you see it. You everyone on this call, everyone watching this podcast, listening to this podcast has been approached by some kind of solar.
Like sales, you know, ads on your social media, ads on your, you know, web browser, whatever. Everywhere. It's everywhere. Si. See if you qualify. Put in your zip code. Give us your home address. Let us do a satellite analysis of your home and see how much money you could make on the solar panels,
Nicky P: In truth as a consumer.
You probably lost out on some like really good money and a good way to start transitioning your home towards things that you might want to do eventually. You know, so it was just, you should seen some of the programs that, that are about, like, we're talking like five figures that they're taking care of to install these things that, that in some places end up making you money because you end up back feeding into the grid like.
If I'd owned property, I absolutely would've taken it up. But at what cost? Oh, well, I mean at the cost of stealing money from everybody else to pay for that stuff. Stuff for me. Exactly.
Luke Tatum: So it's like, do we have to do that to make it viable? If so. Should we be doing it? No.
Let Early Adopters Pay [22:00]
Nicky P: Right. Well, it's the thing that they, I always, I always yell at you, but you're a video game guy and I know that you would choose to do this the same way I would, but the idea of video game systems, like they demand that they bring the prices down on them when they release 'em to the public.
So they put 'em in like the $500 range as best they can, so that like even the bottom level consumers can pay for them. Which I think is stupid. I think that they should sell them for $10,000 a piece to the rich idiots that then subsidize all of us people at the bottom because, well, they've paid for the first, you know, the first one of them at $10,000 a piece.
Well, now all of us down here, we aren't, we're all paying a hundred bucks. And if I remember correctly, that is the way video game systems used to work. Like when I were kids, like when you bought the first NES, that shit was crazy expensive. And then eventually it wasn't, it came down to where consumers could pay it and all.
And the only thing you got by having it early was bragging rights that you had it early.
Luke Tatum: Well, we, I mean, we'll, we get it then. That all, that's a whole episode, man. I mean, we do a lot there or maybe three or four episodes.
Nicky P: I know, but it's just, it's just, it's just, you know, it's on my head as we're just walking, like how this stuff all functions.
We have anything more we really need to cover on this particular thing? Or have we kinda started beating with like beating a, beating the horse dead?
Ending on a Positive Note [24:00]
Luke Tatum: Well, I mean, I think we wanna end with some positive notes, right? Like I outlined dystopian hellscape and then we just started talking about video games.
So like, you know, my advice is not necessarily to, just goof off and ignore the problem, right? But. What can you be doing today to, you know, look ahead, see what, where this might lead and what, you know, how can you be sort of insulating yourself from those things? Financially there's a lot more common sense and a lot more basic principles that could be in interjected into your life.
Most people. Could be doing a lot better job with their money. And that starts with a healthy attitude around savings and not pretending to just outperform everybody and everything all the time, every single year in perpetuity, right? So you don't wanna just chase rates of return. You wanna have a healthy relationship with the money that you receive, and you wanna steward and take care of that money for you and your family, right?
And so that's what we do. That's what we talk about. Perfect Spiral Capital. If, you got anything add to add to that, Rob? I mean, I don't wanna go into tons of details, but you know, we're here to be educators, right?
Arrival Syndrome [25:00]
Rob Brayton: Yeah. I mean, it's all about education. I think of the biggest challenge that a lot of us have is we kind of think we know everything that we should about money.
And one of the things that we, both, you, myself and others who've kind of come across this process and concept. We understand that we had a little bit of what we call the arrival syndrome and thinking we knew all there was to know about money, and that's a lot about what we do with our education is we help people see things from a different angle and then once you see it's up to you to make the decision.
It's you. It becomes your responsibility if you want to do something different and put position yourself in a way that's gonna allow you to grow and earn more on what you already are bringing into your system. So we help you do that in a very. You know, effective and efficient manner that allows your capital to continue to grow and then be put to use in the way that you want without any strings attached.
Nothing New Under the Sun [26:00]
Nicky P: All very good. Well, all very good points, gentlemen. But like, you're looking at this though, it's like a real negative episode. It feels like, and I'm kind of taking it the whole other way. The important takeaway for me in this episode is that you could, you could, you could be all doom and gloom about, well, things don't seem to change and keep having the same problems over and over again.
Or you can focus on the fact that, well, nothing much changes. We keep having the same problems over and over again. There's nothing new under the sun. And so navigating this stuff is just look to history. Pay attention, learn from the mistakes of the past. On our end, clearly the government will not learn from their mistakes.
It'll keep making them because they're incentivized to make them, but knowing that they're going to make those mistakes when they come up should be a great white post for us. Telling you in the future how we navigate this landscape. Moving past them, moving around them, I guess.
Luke Tatum: You bet. With the well-capitalized, we'll always profit, right?
There's. Even if the government is choosing winners and losers, like in the S&P and you know, the Dow and things like that in the stock market, let's say. And they may well be doing that, they're engaged in that kind of nonsense all the time. They're not picking winners and losers as far as like individual people.
You know, the common folk out there that that is. Our domain. You know, if you can, if you know and learn and, and participate in the study of what has occurred, to your point, you're in a great spot. You can save and accumulate some capital and you're ready to deploy that, to take advantage of what is coming.
I mean, millionaires are made overnight.
Nicky P: If you guys, if your people that listening to us wanna dump a bunch of money into one of those stocks that just follows what Nancy Pelosi does, you'll probably make a bunch of money. But the key is. You have to have the assets available to do that. And these gentlemen here, that's what they help you with.
So Luke, now give us that outro.
Outro and Free Toolkit [28:00]
Luke Tatum: Perfect. This has been a really fun episode. I appreciate you guys every week. And thank you for watching. Joining us on another episode of the Between The Lies Podcast. If you watch this full episode, of course you are concerned about the world of money, and if you finish the episode, then you're probably concerned also about the future of your own money.
So we've got a free toolkit, it's gonna give you. A free copy of my book, two full courses that are video courses to help navigate all of this nonsense in the world, and it's all free. So head on over to perfectspiralcapital.com/podcast. Grab your free toolkit today. We'll see you on the other side.
Thanks so much for watching.
