What this hour covers
- The momentum signal, and why 'past' is not the same as 'approaching'
- What the dot-com crash actually did to retirement accounts
- Why 'it's different this time' is the oldest line in the market
Full transcript
You're in the gold hour. I'm Alan Johnson. And, you know, every single week, you know this, but I just want you to know I'm out there digging. And I don't mean digging in the dirt or anything like outside. I'm looking actually for breaking financial news. And the breaking news of all kinds that you're simply not getting from the mainstream, excuse me, from the mainstream media. And when they do give it to you, they only give you half the story or no story at all. They just jump. Well, my job is to give you better than junk and to give you the other half that you're missing. And the half that actually matters to what you and your money, what you have in your money, your retirement and your family's future.
Because you cannot protect yourself from what you do not understand. And, you know, normally I'd have Clyde here with me, but for those of you that know Clyde, he called in a lot of pain today, so he won't be here in the studio with me. Now, I have a lot to cover, and I promise you by the end of this hour, you're going to understand what's actually happening in this economy better than 99% of the people out there. So let's get right into it. So let me start with something that generally got my attention this week, and it was a warning single that we have not seen since the .com crash. There's this signal in the stock market.
It's a momentum signal that measures how fast and how far stocks have been climbing. And that signal has now surpassed the levels that we saw right before the .com crash. Do you hear what I said when I said surpassed? It's not approaching, and it's not matching. It's higher than it was in the year 2000, right before one of the worst market collapses in our entire modern history. And we are now in more extreme territory than we were before the actual .com crash. Now, a lot of you remember the .com crash, that was the year 2000. Companies with no profits, they made no revenue. They were valued in the billions. Let me show that again with no profits, no revenues, but were valued in the billions and billions of dollars.
And everyone was convinced that Internet changed all the old rules. And you know what, that valuations did not matter anymore. And that it was different this time. And then guess what? It all came crashing down. What happened? The NASDAQ fell nearly 80%. Think about that. You have yours up right now, the NASDAQ tomorrow, drop 80%. What does that mean? Trillions and wealth just evaporated. It's gone. Retirement accounts. They're cut to a fraction of what they were. And here we are again. With bubble warnings piling up from every single direction. And that momentum signal flashing is brighter than it did even back then.
I've been reading a lot of stuff. People say, well, times are different now. Things are different now. It's all hopes. It's BS. And you know, here's the story. That I believe is the most important of the entire week that we have. There was a report. Listen to this. Now, this isn't a white, what do you call it? A person telling on something. This is, this is a report that came and leaked out of the United States treasury. This wasn't a whistleblower. This wasn't anything like a blogger, not an analyst, not a newsletter, but the United States treasury itself. And what that report reveals should concern every single American that has a retirement account.
The report confirms that the entire stock market, listen to this. And by extension, the entire economy, this is a report that came from the United States treasury itself, it leaked. The report confirms that the entire stock market. And again, by the extension of the entire economy has been one gigantic network. And they have a leverage bet on, you guessed it. Artificial intelligence, AI. So let me give you the numbers. Since the bull market began in late 2022. These AI related stocks are accounting for 75% of all the market gains. I'm going to say that again. Since the bull market began in the latter part of 2022.
These AI related stocks. Are accounting for 75% of all the market gains. And 95% of all corporate capital spending. Let that sink in for a second. 75% of the market of all market gains. 80%. So you don't get this new. This isn't out there. You're getting it from me. 75% of all the market gains, 80% of all corporate profits and 95% of all corporate capital spending. Almost all of the growth, almost all the profits. Almost all of the investment is riding on one single bet. And that bet is artificial intelligence. This is the treasury's own words, much of the financial system now rest on AI meeting expectations. That's their own words.
That the financial system is all resting on the expectations for AI. And here is what the report warns. Listen to this. If AI fails to deliver, if it fails to deliver on those enormous expectations, then a downturn would send shock waves through the entire economic ecosystems. That's not me. That's what the report is warning. Stock markets. Private credit markets. Companies financing these data centers. Cloud providers. Ship manufacturers. Even utilities. The companies building these AI data centers like Amazon, Meta, Alphabet, Microsoft, Apple. They all make up over 18% of the entire S&P 500. And if we add in Nvidia, you're looking at roughly 25% of the whole market resting on this one bet.
One quarter of the entire stock market is riding on AI living up to the hype. And if that bet goes bad, then things are going to get ugly real fast. And by the way, that's not me talking. That's the United States treasury. So think about it. When the government's own treasury is quietly warning about this, why isn't it from page news everywhere? You would think it would be on from page everywhere. No. And you know, let me share something else with you that's happening. We just had our jobs numbers. And the jobs numbers tell a story that Washington won't tell. Underneath the surface of this economy, they won't tell you because the headlines and the reality are two different things.
The June jobs report just came out and man was it weak. It was very weak. Just 57,000 new jobs were created, 57,000. It sounds like a lot, but for the whole country, because the forecast that was forecasted was for 115,000 new jobs. The forecast came in at least less than half of that. The actual numbers came in less than half of that. And it gets worse. They revised away 74,000 jobs from the previous two months. Jobs, listen to this, folks, they told us these jobs existed. But guess what? They lied. They never actually did. They revised away 74,000 jobs from the previous two months that they told us existed, but they never really did.
But here's the numbers or numbers, should I say, that really tells the story. There are two surveys in the job report or jobs report. One counts businesses. The other counts households. And the household survey, the one that counts actual people showed a loss of 507,000 jobs. The household survey that actually counts the actual people showed a loss of 507,000. And so far, in 2026, that household survey shows 1.7 million people have lost their jobs. 1.7 million Americans. So the unemployment rate dropped, but only because people gave up looking entirely. Let me, let me share with what I'm talking about, labor force participation.
Fell to the lowest level since March of 2021. When people stop looking for work, they are not counted as unemployment anymore. Because it makes the number look better than reality. And then look at the economic growth. Just a few weeks ago, I talked about this, the Atlanta Federal Reserve was projecting that the economy would grow at over 4% for the quarter. Well, that projection has now crashed all the way down to just 1.3%. They projected 4% for the quarter, that projection has now crashed all the way down to just 1.3%. So it went from over 4% to 1.3% in just a matter of weeks. That is an economy flowing fast. So the official story is that everything's fine.
Think about this, people out there are feeling fine. I have been digging up, digging up, and by the way, I fact check everything. I just make sure that nothing is a hoax. Another one for you. And this is just, you need to know these things because if you don't know it and you're not prepared, then you're left out in the field, you're left out in the left field. Inflation is not coming down. Let me make this clear. It may be creepy not. And the reason I talk about this is because this is where it hits your wallet directly. Alan Blinder, BLINDA. He was a former vice chairman of the Federal Reserve. He is known as one of the most respected economists in America.
And he came out this week and just said that the economic data suggest. This is his own words. Inflation's not coming down. And in fact, it is creeping back up. Now, this is not some fringe voice. This is a man who used to help run the Federal Reserve. And he's telling us plainly that the inflation fight is not being won. This is Alan Blinder, a former vice chairman of the Federal Reserve, one of the most respected economists in America, saying that inflation's not coming down. And he's telling you plainly, the inflation fight is not even being won. And the Federal Reserve's own meeting minutes backed this up completely.
Their own staff economists revised their inflation forecast higher for this year and on to the next. And they admitted that inflation has now been running above their target for listen to this five straight years, five years. Five years. And the price pressures are even broadening. Getting more and more transportation. Airfare, agriculture, inputs. Point of making his services of all kinds. Listen, if you have anything you want to call in, you want to chime about, you have something on your mind. You've got some ideas. You've heard some things that even can tell me things. Give me a call at eight, eight, three, three, five, seven, seven.
That's G.O.L. D. eight, three, five, seven, seven, gold. Services of all kinds. So it's not just the gas and groceries anymore. It's spreading across the whole economy. Five straight years of inflation above target. That's not a blip. That is a pattern. And here's the part of those fed minutes that I want every one of you to listen and hear. The Fed noted that higher income households. Well, they're doing fine. Why? Because they own stocks that keep growing up. That's what the Fed said. They noted that that higher income households are doing fine because their own stocks. They own stocks that are just keeping on going up.
But what about the lower and middle income households, the regular working Americans that are increasingly relying on their credit cards just to cover gasoline and groceries? Credit cards for gas and groceries. Now, that's not a healthy economy. That is families falling behind and having to borrow to survive. So the wealthy, according to everything, are getting richer off their stocks while working folks put groceries on credit cards. What does that split say to you? If you've got anything you want to say, call me, eight, three, three, five, seven, seven, gold. What does that split say to you? Now, I want to explain something and this is why your bigger paychecks feel like there's less money.
And this is what I want to explain because I think every American has felt that there's something wrong. And, you know, few have actually had this explained to them, honestly, why this is happening. You may earn more than your parents did now, making more than what your family or parents made, and it may be significantly more. And yet, the life they built, think about this, the house, the retirement, the sense of getting ahead is feeling further and further away than ever. And let me tell you, you're not imagining that something is actually broken. And here's the honest answer that almost no one in Washington even wants to talk about.
And it's the monetary system itself. When the federal reserve creates new money and holds the interest rates artificially low, that new money does not reach everyone at the same time. What it does is it flows first into assets. What do I mean by that? So it flows into stocks, it flows into real estate, and it flows into investment portfolios. So the people who already own those things, they get richer, and everyone else, everyone trying to buy, let's say, a first home, they're trying to build a retirement, they're just trying to get ahead. Now, there may not even dawn on some of you because some of you are already set, you're retired, you're doing the things.
But for those of you that aren't, that finish line just keeps moving it further away from you. And this is the quiet cruelty of monetary inflation. What it does is it redistributes wealth without ever announcing itself as a tax on you. And there's no line item on your paycheck that says purchasing power erosion. You don't see that on your paycheck. Nobody even votes on it. It just happens quietly in the background while politicians hold press conferences about how strong the economy is. And by the way, this is not a left problem or a right problem. Both parties have done it. The spending priorities differ, the appetite for printing and borrowing does not.
And the homeownership rate for Americans under 35 is now near historic lows. The share of young adults living with their parents now is near historic highs. So Americans are not failing because they got lazy. They're running a race against a moving finish line. Makes sense. So a whole generation did everything right and still can't get ahead. Think about it. How much anger is out there? Overall that's got to be a lot. People are just like, just can't get ahead working one, two, three jobs I've been hearing. So here's a story that did not make any kind of evening news, but it should have. And it's about the dollars safety net and how it's fading.
And for decades, the US dollar has been protected by something called the bond market buffer. Now let me explain what that means simply the bond market buffer. The whole world wanted to buy US treasury bonds. In fact, they were considered the safest investment on earth. And that constant demand for our bonds kept the dollar strong and stable. But that buffer is now fading. And what's happening is foreign investors are pulling back from our debt. And instead, America is increasingly funding itself through foreign money flowing into stocks rather than bonds. Now, why does that matter to you? The reason it matters is because bonds are a long term commitment.
And when a foreign country buys our bonds, they're locked in for years. But stocks can actually be sold in just a single click, boom, just like that. So when the world funds us through stocks, instead of bonds, that support becomes fragile. And it can just boom, vanish overnight, disappear overnight. The dollars foundation is shifting from solid rock to loose sand. I'll say it again, the dollars foundation is shifting from a solid rock to just loose sand. And look at what's happening with our debt. The single week, the United States government sold $743 billion of treasury securities. One week, $743 billion of securities, $743 billion in one week.
And to get people to buy it, what they had to do is they had to offer the highest interest rates in years. Listen to this, the 30 year treasury bonds sold that a yield of 5.058%. Why does that matter? That is the highest since 2007. But here is the kicker. With inflation running over 4%. Even those higher yields lose money after you account for inflation. So even lending money to the United States government at the highest rate since 2007, you still lose your purchasing power. The point I make in the whole world is quietly stepping back from the dollar. Question yourself, where do you see this heading? Where do you see it heading?
If the whole world is quietly stepping back from the United States dollar. You heard me talking about what's going on in Asia, how they're making gold, physical gold, doing away with paper gold. All this is happening for a reason. We have a power shift happening. We have a reset happening. Clyde and I have been talking about the reset for years. So I want to shift from something that just landed here, and it's about your money in the bank. And it's not as safe as you really think. Now this isn't me making this, this is real. And it connects to everything that we've been talking about. Ready for this? TD Bank. A major billion dollar bank.
They're big up in the East Coast. Just disclosed a significant data breach. Now if you bank with TD Bank, this just came out yesterday. You need to get on top of this right away. I want you to think about this. This isn't just TD Bank. This can happen anywhere. And I bring this up because it has nothing to do with actual like what's going on in the financial world. But it's actually going on with your bank. TD Bank, billion dollar bank just disclosed this significant data breach. You're peering about data breaches all the time. In fact, I've gotten money back from data breach from my, you even may have. My information is now found on the dark web.
Well, how the heck did it get on the dark web? There didn't put it there, but because of these large billion dollar institutions, they, they have a way to get it. Hold on one second. I'm going to take a call here. You're listening to the gold hour who's speaking. Well, they didn't want to talk. So, this is what happened. An employee had unauthorized access to customer records. This is an employee in the bank. Not, not, not some hacker, some scammer. This is someone actually in the bank. Had unauthorized access to customer records. And guess what? The information that was exposed. Is about as sensitive as it can get.
The names, the addresses. Your phone numbers, the their account numbers, transaction history, everything. Gone, just taking away. The most private financial details you have exposed from inside the bank itself. Now, I'm not telling you this to frighten you. I'm telling you this to make a point. The money you have in the bank is not really cash sitting in a vault with your name on it. It's digital. It is data. It's numbers on a computer system. And data or data cannot be breached. It can't, it can be hacked though. Data can be hacked. And data can be breached. And data can be exposed by one employee. And it can all be done with the wrong access.
Data can even be frozen or locked if the system goes down. Now compare that to physical gold. Physical gold in your name cannot be hacked. It cannot be leaked in a data breach and it cannot be exposed by an employee with the login. And it does not live on a computer system that can be breached in the middle of the night. So gold sits completely outside of the digital banking system. We talked about that. It's outside of that system. And that, that's what makes it safe. So when you own physical gold and silver, you own something that exists in the real world. Not a database entry, not a digital promise, but a real tangible asset.
That is yours. You know, Clyde talks a lot about, and we've talked to him and I about privacy and the digital world. So think about it, how safe do you think your money really is sitting in these systems? If someone like that can just break in and get all your information, how can they, how can they get that? I mean, how it's just, they're actually inside the bank. Now I want to share something with you that I think destroy is one of the biggest myths in investing. And the myth is just buy and hold. Put your money in the market, leave it there. It always goes up over time. Well, let me show you, or tell you the actual history.
And this comes from the NYU New York University Stern School of Business. The average annual returns of the stock market across different eras. Now listen to this, from 1928 to 1948, from 28 to 48, through the Great Depression, the markets returned just 0.6% per year. And that went on for 20 years. So from 28 to 48, that was the Great Depression. The markets returned just 0.6% per year. One that set in for 20 years that went on. So from 1969 to 1984, that was called the stagflation era, just 0.5% per year. So it dropped. And that went on for 15 years. And from 2000 to 2012, the dot com crash, and the housing crash, the market actually lost money.
So instead of it being 0.5 or 0.6, it was negative 0.8%, 0.8%. That's the dot com crash in the housing crash. It lost money, negative 0.8%. And that went on for 12 years. Well, there have been stretches of 12, 15, and even 20 years where buy and hold delivered almost nothing. Or even lost money. Now think about what that means if you're retired or you're close to it. If you retire at 65 and you hit one of those flat or negative stretches. You do not have 20 years to wait for it to come back. You need that money now. You need it because you need to live on it and you've got to pay your bills. And right now with real estate stocks and credit.
All at record high valuations at the same time. A lot of the very smart people are warning that we could be heading into another one of those flat decades. So it is not time in the market that protects you. It's being diversified into the right things at the right time. You know, all of this reminds me of a woman that I'll call Carol Carol's 68 years old. She lives in a retirement community in Florida. She spent 34 years as a dental hygienist and she saved diligently her whole life. And she did everything. She did everything her financial advisor told her to do. And she called me recently worried. And she said, Alan, I keep hearing everything is fine.
The market is at these record highs, but I don't feel fine. She said my grocery bill keeps climbing. My insurance keeps climbing. And I keep hearing these warnings. And I just don't know what to believe anymore. Well, Carol's not confused. Carol is actually paying attention. And her instincts are correct. And here's what I told her. Here's what I told Carol. I said, trust what you're feeling. The official story and the real story do not match right now. And a portion of your savings belongs in something real. Something that you can take outside of the system. Something that has protected people through every single one of those difficult eras that I just talked about.
And I told her golden silver. And that's what Carol needed to hear. And maybe it's what you need to hear too. So think about you may be one of those people out there that feel exactly like Carol right now. So let me bring this all together. There's a momentum signal higher than before the dot com crash right now. We have a leaked treasury report warning that the whole market is one big bet on AI. That right there is enough 1.7 million jobs lost this year. 1.7 million. That's a lot. You know, I'll tell you the more I keep thinking about this and talking about this. It just resonates and I'm just like how, you know, this is just craziness.
We have growth crashing from 4% to 1.3%. Inflation is above target for 5 straight years, 5 straight years. Working families are putting groceries on their credit cards. The dollar safety net is fading and even the banks not being fully safe. Every single one of these are those points. They all point in the same direction toward real assets toward golden silver. Gold is not a stock. It does not depend on a company's profits. Gold is not a bond. It does not depend on government's promises. The other thing I like about gold is it cannot be printed. It can't be inflated away. It can't be hacked or breached or frozen. The point I'm making gold is real.
It's finite and it has protected wealth through every crisis in human history over 5,000 years. You've heard me talk about this before, but those of you that have not heard me before are just tuning in. In the 1970s, when inflation raged, gold went from $35 an ounce to over $800. That was more than 2,000%. If we go to 2008, when the markets completely collapsed, gold held its ground and then nearly tripled in the years that followed. In silver, let's not forget. Let's not overlook silver. It's always more affordable per ounce. Both of them, though, are a precious metal. However, silver is a critical industrial metal.
There's demand from solar electronics, electric vehicles, that is growing every single year against a limited supply. This is what I said. Gold protects and silver protects but can also amplify, so both belong in a serious plan right now. Now, as we wrap up today, here's what I want you to take with you. The numbers do not lie. The jobs data, the inflation data, the treasuries owned leak report, the feds own meeting minutes. They all tell the same story. A story very different from the one that you're getting on the evening news. You deserve the whole truth, not half of it, and now you have it. You know, I started this company, Heritage Gold Partners.
I built this company because I believed everyday Americans deserved better. You deserve better prices. You deserve better service. And someone that you can actually trust. So you can call me anytime. You'll get me. You'll not get a call center. You won't get a sales team. You get me personally. So if anything today raised questions for you, if you want to just talk through what it means for your savings or retirement, reach out to me directly. Call me at 833-577 gold. That's 833-577 gold. Or you can even visit at heritage goldpartners.gold. That's the website heritage goldpartners.gold or email me even at hello at heritage goldpartners.gold.
And I will personally make sure that you get the honest answers that you deserve. Now, before we go, I don't want you to forget our gold American Buffalo giveaway. We're giving away a one ounce gold American Buffalo corn coin to celebrate America's 250th anniversary. And here's how you enter. You're going to be able to send an email to contest at heritage goldpartners.gold. That is contest at heritage goldpartners.gold. And include today's special word. And today's word is prosperity, P-R-O-S-P-E-R-I-T-Y prosperity. Along with that word, tell us in 50 words or less, what does financial freedom mean to you? We'll draw one winner at the end of July and present you and give away a one ounce gold American Buffalo .9999 as pure as it can go.
Real gold, real value celebrating 250 years of this great country. Contest at heritage goldpartners.gold and the word is prosperity. Now, before we go, I want to share with you. This is a entry that I got. Here we go. All right, let me read this one to you. I won't mention the person that it came from, of course, but let me read this. I read it and it literally brought tears to my eyes. So hold on here. Let me read this. I wasn't going to, but I have enough time so I can go ahead and share this with you. Looks like I got a bunch of them in just now. All right, listen to this one. Growing up in a low income household meant learning the value of every dollar before I was old enough to earn just one.
My parents worked long hours often juggling multiple jobs. And I remember hearing conversations about rent groceries and worrying about having enough money to make it to the end of the month. Simple things that many people took for granted like luxuries, new clothes usually came from thrift stores or were hand-me-downs from relatives. School supplies were reused from the previous year. We would often share a single drink at a fast food restaurant because that was all we could afford. Although I didn't quite understand our financial struggles we had, my parents made the sacrifices to make small moments count. Despite the financial struggles, my home was filled with love and laughter.
My parents taught me that hard work, kindness and perseverance were more valuable than material things. Although we did not have much, it taught me to be grateful for what we had, but also to work hard, and they told us to share the lives we had with other people, mind, independence and time and choices. It's not about having money to buy luxuries, but to have that peace of mind of not having to worry about anything. My goal is to create opportunities that my parents worked so hard to give me and to honor their sacrifices by breaking the cycle of financial hardship. Wow, when I read that, I almost brought tears to my eyes.
It just hit hard. You know, I wish Clyde could have been here. You guys say prayers for Clyde. You all know who he is out there. A great man, great friend, has a lot of pain that he's going through, needs our support. So whatever you can do, send him an email, say hi, that's right into the spirit a lot. I just want you to know, this is, you know, like I said, I go out and I find the news that mainstream won't give you because I truly, truly do believe that you deserve the whole truth. And because the Americans, I say, who prepare early, who think clearly and act before they have to, they're going to be fine. And, you know, until next time, I want you to stay formed.
Stay prepared. Take care of yourself. Be sure to take care of your family. God bless you. God bless your family and God bless America. I'll be back here on Wednesday. And then by the way, I may be, it looks like I may be going out syndicated like Clyde was throughout the nation. And, you know, just be listening because it's going to be a big jump for me when I can go out to a satellite of different radio stations out there. Take care of, I'll see you again, and I'll talk to you again on Wednesday. Tomorrow, but they're already spending a billion dollars a year trying to keep the streets dry and that's good news. Welcome in, everyone, to the Gold Hour.
I'm Alan Johnson, and I'm so glad you're here with me today. Now, listen, I've told you this before, but I have them here again with me. I have a very special guest with me today, a man that I consider a true front to mind, a legend in radio. Many of you know of the radio show Ground Zero and it's host Clyde Lewis. Welcome back, brother. How you doing, Clyde? I'm very excited about being on with you. It always seems like, you know, when we get on together, we seem to have a vision of what is to come, and sometimes we have to go back and say, okay, what have we learned so far? And it's always been a learning experience for me, especially when it comes to finances, because I never really understood how important it is, and I got older and realized, well, rudely after 2008.
Welcome back to Raise By Giants discussion. I'm your host, writer Lee. Welcome any moderators and channel members out there. If you're watching on YouTuber X or if you're listening on Spotify or Apple, or if you're just listening to the replay, welcome to the show. All of my social media links are in the description, Facebook, Instagram, X. Great ways to stay connected. Find out about new shows and guest appearances, links to watch my documentaries, JFK X, and a clock we're shining on Amazon Prime and 2B are also in the description. Going hard on the documentary psychic agent, the gate program. I'm really excited about it.
So, I'll be looking forward to that. A brand new channel members episode dropped yesterday. A big thank you to all the channel members out there for really supporting the show. Really appreciate it. If you're not a chairman, consider becoming one to get access to bonus content and help support the show. Link is in the description. Also, don't forget to check out Raise By Giants on Ground Zero plus radio with Clyde Lewis on Monday, Wednesday, and Friday, 11.30 AM and Saturday, 5 PM on the Ground Zero plus radio network. Link is in the description. With that, Donald, warm welcome back to the show, author, filmmaker, writer, producer, and star of our documentaries, a clock we're shining, and JFK X, K Widener.
Welcome back to the show. It's good to see you. Hey, it's good to be back. How's everything going? Going really well, working on the new documentary every single day. You might indeed be my last show for a while until I get this thing completed. So, it's going to be a good one to send the people off with. Good. Yeah, we're working on my documentary, too. It looks like we'll be done around the same time period. That's interesting. Yeah, it's been a real, I mean, the game program stuff just, it just kept going for a while and more than I would look into it, the more things would unravel and then I have to go back and then re-edit some things and add some things in because it's just a.
I really think, and I believe that it's the story of the past two decades. I would agree, I had Desta Barnaby on last week. She did MK Ultra for Children, a really good book, which she kind of goes into, like, messengers of deception by Jacques Belly and Communion by Whitley Striever. And kind of does a twist on it where maybe instead of it being aliens from outer space, these programs, like the gate program is actually creating psychics and they're having psychic experiences and not really understanding what's going on. And I think that's actually the truth. And it's connected to the Monroe Institute, gateway tapes, they get these children out of these out of body experiences, go and communicate with intelligences outside of their body and then they come back and then they don't remember anything.
Because it felt like a dream, yeah, it's, it gets really, and it's an explainer for almost everything that's happened. It is an explainer for me, I mean, if you're, if you go into the gate program, you know, you have one or two choices, you either comply or you don't comply. And what happens to a psychic, you know, kid who doesn't comply? Well, he's a very dangerous person now, isn't he? And this might explain why there's such widespread drug use, hard drug use in by the same group of people that went to these gate programs. I'm not saying every drug addict went to the gate program, I'm just saying that if you don't comply with what the authorities want, what do they do with you, you know.
So, I don't know, I think it's amazing because in the time of the gate programs, that's when our homeless population started rising, that's when the drug use started going up. And I just wonder, really, what's going on here? Because if you really wanted to hold down a psychic person, I would think fentanyl would be like the best thing you could do to them. It would completely numb them out. I saw a really interesting video the other day that was talking about all of the insane asylums in the United States that started popping up in the early 1900s and went into like the mid 1900s and this person was like, why did we need so many insane asylums?
Were there really that many insane people around at the time? It seems like there's more insane people out right now and we don't have a sin of silence in their work back in the early 1900s. Well, I was living in California when Reagan got rid of the insane asylums and we were flooded with crazy people. I'm sure anybody at my age who was living there at the time can remember all the crazy people. Union Square in San Francisco was just flooded with them, all turning into drug addicts and things. But I mean, I don't know. I mean, in 1920, if you were gay, you would be thrown into it.