Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 WAR! 🚨 Expectations for SILVER & GOLD -- (Oil, Recession, Market Crash)

Transcript

🚨 WAR! 🚨 Expectations for SILVER & GOLD -- (Oil, Recession, Market Crash) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Are there two big factors going on right now that will support
• 0:05
  and maybe just maybe even propel the price of precious metals as
• 0:11
  we move into the coming months? Quarter, year end, we've got
• 0:16
  people like Buddy Rumble, the Louisiana gold guru, making bold
• 0:20
  predictions about $30 silver. Where could we see the gold
• 0:25
  price as well? There is so much going on in the
• 0:28
  world right now. We're going to talk about the
• 0:31
  war, or should I say wars going on right now right in front of
• 0:35
  our very eyes. But we can't ignore that just
• 0:40
  domestically in the United States.
• 0:43
  Yes, the world's biggest, strongest economy.
• 0:46
  We've got more and more signs of major trouble.
• 0:50
  We're going to talk about that as well, because what does that
• 0:53
  mean for the future of what the Federal Reserve does with
• 0:57
  monetary policy? It's becoming very clear that
• 1:01
  we've got trouble right here in River City, right here in the
• 1:05
  United States. And we're going to talk about
• 1:07
  some stunning headlines that came out over the weekend that
• 1:12
  definitively show just how much the middle class the average
• 1:16
  American is suffering and how the economy could be barreling
• 1:21
  towards a recession or possibly even worse, a depression.
• 1:26
  But let's let's get started here first.
• 1:28
  The stock market was sinking this morning.
• 1:31
  The gold price up. You know what half a percent, 1%
• 1:35
  gold is catching a bid as a safe haven asset when geopolitical
• 1:40
  turmoil war explodes Around the world, gold and silver are known
• 1:46
  as safe haven assets. And isn't it nice?
• 1:50
  It's not nice what's going on with the conflict and the
• 1:53
  horrible situations that are unfolding, but they Gold is
• 1:57
  proving itself once again by getting this bid as a safe haven
• 2:02
  asset, says here. Stock sank this morning ahead of
• 2:05
  the bell. Is the Middle East conflict
• 2:07
  added a dose of geopolitical risk to the interest rate and
• 2:12
  inflation concerns already facing the United States?
• 2:18
  There's two big things going on right now.
• 2:21
  When we're looking at the world through the lens of silver, gold
• 2:26
  and platinum, we've got what's going on in the world economy
• 2:30
  and particular the United States economy.
• 2:34
  But we also have what's going on in the world from a war
• 2:37
  perspective. And guys, this is a huge, huge
• 2:40
  deal. Let me read this to you that to
• 2:42
  me this was eye opening that the New York Times of all papers
• 2:47
  said this. They said Russia has started the
• 2:50
  largest war in Europe since World War 2.
• 2:55
  Think about that, The largest war in Europe since World War 2,
• 2:59
  almost the last 100 years, China has become more bellicose
• 3:05
  towards Taiwan, right? We forget about that, right?
• 3:09
  There's the big China, Taiwan situation.
• 3:11
  India has embraced A virulent nationalism.
• 3:15
  Israel has formed the most extreme government in its
• 3:19
  history. This is from the New York Times.
• 3:22
  And on Saturday morning, Hamas brazenly attacked Israel,
• 3:26
  launching thousands of missiles and publicly kidnapping and
• 3:29
  killing civilians. This is the world we're living
• 3:34
  in now. We're talking about the
• 3:36
  worldwide geopolitical backdrop, the safe haven, the safe haven
• 3:41
  component to silver, gold and platinum.
• 3:45
  That's what we're talking about now.
• 3:46
  But don't forget, we got even almost equally as bad news when
• 3:51
  we look at what's going on in the United States.
• 3:54
  And we're going to talk about that a little bit later.
• 3:57
  We're going to try to find some good news to talk about as well.
• 3:59
  But we're just dealing with the what's on our plate right now.
• 4:04
  It says this is the the The New York Times said this to all
• 4:10
  these developments are signs that the world may have fallen
• 4:13
  into a new period of disarray. Countries and political groups
• 4:19
  like Hamas are willing to take big risks rather than fearing
• 4:24
  that the consequences would be too dire.
• 4:27
  Everybody's making moves. Do you feel it like there's a
• 4:31
  lot going on? We've talked about that.
• 4:33
  These things, they happen big, big, big things happen fast,
• 4:39
  fast, fast. And we think they're never going
• 4:42
  to happen because we just kind of cruise along and everything's
• 4:45
  hunky Dory. We talked about like we were in
• 4:47
  this period of calm, and then big things happen very fast, and
• 4:52
  a lot of times big events will trigger other big events.
• 4:57
  And there's a lot of people who are very frightened that that
• 5:00
  could be the situation. Right now.
• 5:03
  The simplest explanation is that the world is in the midst of a
• 5:07
  transition to a new order that experts describe.
• 5:11
  With the world being multipolar, the United States is no longer
• 5:16
  the dominant power it once was. This is the New York Times guys,
• 5:22
  and no replacement has emerged. As a result, political leaders
• 5:26
  in many places feel emboldened to assert their own interest,
• 5:31
  believing that the benefits of aggressive action may outweigh
• 5:35
  the cost. These leaders believe, excuse
• 5:38
  me, that they may have more sway over their own region than the
• 5:44
  United States does. So basically the New York Times
• 5:47
  just told us that the that that that the period of of United
• 5:52
  States world dominance is over and that people throughout the
• 5:56
  world, political parties throughout the world,
• 5:58
  politicians, leaders throughout the world are emboldened now to
• 6:03
  make big moves. Are we seeing that in Europe, in
• 6:07
  Ukraine? Are we seeing that in Israel
• 6:10
  with Hamas and the Palestine situation?
• 6:13
  Are we going to soon see it with Taiwan, in China, where else
• 6:18
  North Korea. We are in a period of change
• 6:22
  like no other. Now when we circle back to our
• 6:25
  to our our our our insurance policy, what do we what do we
• 6:30
  hold right, What do we hold That's worked for thousands of
• 6:33
  years. I know we've talked about it
• 6:35
  many times. Silver and gold have worked for
• 6:38
  thousands of years. They have.
• 6:40
  That's just the reality of of the way the world works.
• 6:44
  Silver and gold have seen periods like this.
• 6:47
  Intense conflict, fast change, right The world.
• 6:52
  I was reading this last night. The world has become very
• 6:54
  complicated. The of the systems have become
• 6:58
  very sensitive. So things can break quickly.
• 7:02
  Things can change quickly. I would buckle in one of the
• 7:06
  world's leadest. I forgot his name, but
• 7:09
  nonetheless, analysts said the next 12 months are going to be a
• 7:13
  period of change. Like, we can't even imagine now
• 7:18
  nobody has a crystal ball. He doesn't necessarily know that
• 7:21
  for sure. But looking at everything going
• 7:24
  on, do you want to? I mean, in this period of change
• 7:27
  could make fast, major changes to things like the dollar as
• 7:32
  well. We hear a lot of people talk
• 7:33
  about the dollar like, oh, it's going to take decades.
• 7:35
  It's going to take you know, 20 years, 10 years for this D
• 7:39
  dollarization to occur. What the bricks are talking
• 7:43
  about? Well, if major events unfold, we
• 7:46
  could see big moves very quickly.
• 7:49
  And if the dollar, if the dollar suffers right, a big sell off
• 7:55
  type period. You know what that's going to
• 7:58
  mean for people that are holding silver and gold, right?
• 8:02
  Silver and gold are going to hold their real value where the
• 8:06
  dollar could be, could good. And I don't want it to happen,
• 8:10
  All right. We're not cheering for it.
• 8:11
  I live here in the United States, but the situation in the
• 8:16
  world has become so complicated. Just what's going on right now
• 8:21
  in Israel with Hamas, if you try to analyze, you know they're
• 8:26
  there. This is not happening in a
• 8:28
  vacuum over there. It's not a matter of hero and
• 8:32
  villain. There's two sides to every story
• 8:35
  and it's a very complicated, very complicated situation.
• 8:39
  And I'm not going to purport to you that I completely understand
• 8:43
  it, but I understand enough to know that it's not just a hero
• 8:47
  villain type situation. There's two sides to the story
• 8:51
  and there's alliances. You have Iran working with
• 8:54
  Palestine. You have the Saudi Arabians
• 8:56
  involved in a certain way. Some people are even saying
• 9:00
  China and there's three-way relationships.
• 9:03
  It's extremely complicated and involves many more players than
• 9:08
  just Hamas in Israel. Is the United States involved?
• 9:12
  Of course the United States is involved.
• 9:15
  So I'm again, I'm not going to sit here and give you a long
• 9:18
  winded analysis of the political situation there.
• 9:21
  What I will tell you is it feels like to me that it could be a
• 9:26
  powder keg type situation. What's already happened is
• 9:29
  horrible and we've talked about this yesterday and we'll talk
• 9:32
  about it every day, whether we're talking about Ukraine or
• 9:35
  we're talking about Israel and Palestine.
• 9:39
  We don't like war. It's really a pointless
• 9:42
  endeavor, and it's sad on many different levels, but we've got
• 9:46
  to keep our head out of the sand.
• 9:49
  We can't ignore that. The world right now is probably
• 9:55
  in the most precarious situation that a lot of us have seen.
• 9:59
  What's your insurance policy? What's your safety valve, right?
• 10:03
  You know, I mean cash, stock market, maybe real estate, maybe
• 10:09
  farmland, I don't know, maybe, you know, I think farmland, real
• 10:13
  assets, but real assets, real things that have held their
• 10:17
  value again for thousands of years that have seen everything
• 10:21
  that has occurred, I believe to be a very, very good move.
• 10:26
  But we've got two big factors now that can support right as we
• 10:31
  move into the next 10 days, the next 10 months, heck the next 10
• 10:37
  years, we have a world geopolitical world that is
• 10:42
  creating a safe haven bid for the precious metals, for silver
• 10:46
  and for gold. But here in the United States,
• 10:50
  the world's biggest economy, still we have factors that are
• 10:54
  supportive for the metals as well because guys, things are
• 10:58
  not looking good here in the United States.
• 11:00
  Hey, we got 100 thumbs up. Thank you.
• 11:02
  Thank you for the thumbs up. Thank you for the Super chance.
• 11:05
  Thank you for subscribing. And I got to ring the bell 10
• 11:08
  times for you. Give me a second.
• 11:14
  There we go. 10 ring a Lang Ding a lang's.
• 11:17
  So let's, let's talk about what's going on in the United
• 11:21
  States. And I'll be honest with you.
• 11:23
  There's almost too much we could be on this, on this video, on
• 11:27
  this live stream for for hours upon hours.
• 11:32
  So I'm going to do it in a concise way.
• 11:35
  Just to tell you a few of the things going on that indicate
• 11:39
  things are not good healthy in the United States economy.
• 11:43
  Here's a headline market from Business Insider.
• 11:48
  Rising corporate bankruptcies and debt defaults are another
• 11:53
  headwind to the economy, experts warn.
• 11:56
  The experts are telling us this A wave of corporate bankruptcy,
• 12:01
  bank bankruptcies, a wave of corporate bankruptcies and debt
• 12:07
  defaults could rock the economy. Charles Schwab expects
• 12:12
  bankruptcies and defaults to peak at some point over the next
• 12:17
  two quarters. And we've talked about this
• 12:21
  guys, the rise and interest rates, the most violent rise and
• 12:25
  interest rates almost in the history of the country.
• 12:28
  It takes time for that to bleed. It's got a lag effect to bleed
• 12:32
  through to the economy. All these zombie companies and
• 12:35
  there are 10s of thousands of them out there that we're living
• 12:40
  off 0 interest rates are now being forced, are are being, are
• 12:45
  being called to reckon with higher rates.
• 12:47
  They have to refinance their debt that they took out four
• 12:51
  years ago that maybe they were paying 4% interest on.
• 12:55
  Now the bank saying hey you want to refinance that debt, sure we
• 12:59
  can do that for you. You're going to need to give us
• 13:02
  a couple a couple 100,000 as collateral and your new rate is
• 13:06
  10%. So we've got a wave of
• 13:09
  bankruptcies. The spike in bankrupt
• 13:11
  bankruptcies among U.S. companies could help push the
• 13:15
  economy into a recession. Let's move on, because there is
• 13:21
  so much more. Papa, here we go.
• 13:25
  This is from CNBC. Inflation want the good news?
• 13:30
  You want some good news? Well, I'll give you some good
• 13:32
  news. Inflation is, quote, always
• 13:36
  going to be a risk with the US economy.
• 13:40
  That has now been fundamentally changed.
• 13:43
  That comes from Adp's chief economist Key points.
• 13:49
  Adp's monthly report on Wednesday showed that private
• 13:52
  payrolls rose by just 89,000, well below the Dow Jones
• 13:56
  consistence of 100. Say, OK, whatever.
• 13:58
  Though the jobs report have been traditionally viewed as a
• 14:01
  lagging indicator, this chief economist noted that the
• 14:05
  relationship between the labor market and monetary policy has
• 14:09
  been overhauled in the course of the current cycle.
• 14:14
  OK, inflation is always going to be a risk in the US due to
• 14:20
  structural changes in the labor market, according to Neela
• 14:23
  Richardson, the chief economist at at a DP.
• 14:27
  And a DP is that massive payroll processing company, almost an
• 14:33
  arm of the government. They process payroll for
• 14:37
  millions and millions and 10s of millions of people, so they have
• 14:40
  access to real data. Okay, inflation spiraled out of
• 14:44
  control. the US economy has been fun.
• 14:47
  Think about this. Do you Do you feel like the US
• 14:50
  economy has been fundamentally changed?
• 14:54
  I believe it has. I don't know why they did what
• 14:56
  they did during the C19 pandemic where they decided to print 40%
• 15:03
  of dollars that had ever been created, but it totally blew
• 15:08
  everything up. OK, It might have been a good
• 15:11
  party while it lasted, right? It'd be like you coming home to
• 15:14
  your wife or husband and saying, hey, I just got this new credit
• 15:18
  card. It's got a $15,000 limit.
• 15:20
  Let's go blow it. You know, let's live it up for
• 15:23
  the next three months. Sure, it's great.
• 15:25
  But then there's a hangover, and we got the hangover right now.
• 15:30
  Has the US economy been fundamentally changed?
• 15:34
  Yes, absolutely. Right.
• 15:37
  And now that we have an untenable level of debt, go to
• 15:42
  the US debt clock and watch for one minute.
• 15:45
  Is the level of U.S. debt continues to grow and grow
• 15:49
  approaching $34 trillion. Has the US economy been
• 15:55
  fundamentally changed? You know it has, right?
• 15:58
  Compare that debt level to what the country had ten years ago or
• 16:02
  20 years ago. We have been fundamentally
• 16:05
  changed and there's a double whammy effect now with all that
• 16:09
  debt, with the fact that we have interest rates, interest rates
• 16:12
  are no longer in 0% and nobody wants to buy that debt.
• 16:16
  I got news for you. All these countries, remember
• 16:19
  what we talked about earlier, the world political structure,
• 16:23
  changing geopolitical structure changing.
• 16:26
  Japan wants to sell their treasury.
• 16:27
  Saudi Arabia wants to sell their treasuries.
• 16:30
  China wants to sell their treasuries.
• 16:31
  All that's making rates go higher and higher and at the
• 16:35
  same time, all those dollars coming back to the United States
• 16:39
  result in just one thing, the potential for runaway.
• 16:43
  May I say we haven't, we don't hear that word much anymore.
• 16:47
  Hyperinflation. Remember that?
• 16:50
  Nobody talks about that anymore, right?
• 16:53
  And on top of that, we have the other structural conflicts going
• 17:03
  on in the world. It is just becoming a very,
• 17:06
  very, very difficult environment for us to navigate in terms of
• 17:12
  preserving our wealth. And what do we do?
• 17:15
  We'll say it again, right? A lot of us to 1 degree or
• 17:18
  another rely on precious metals to help us protect ourselves.
• 17:23
  Insurance policy and and a little extra little added bonus
• 17:27
  possibly possibly provide some wealth creation, wealth
• 17:32
  generation. We got a lot more guys.
• 17:36
  A lot more. I'm going to put you on on the
• 17:38
  mute while I take a quick drink. Thank you.
• 17:48
  Thank you. Let's move on because it gets
• 17:51
  even even even better. This is crazy.
• 17:54
  Do you own a house? Do you live in a house?
• 17:57
  Do you live in an apartment? Do you have kids that might need
• 18:00
  to buy a house someday? Thank you for that super chat.
• 18:02
  I'm trying to see who it is. I'm sorry my eyes hold on here.
• 18:08
  I want to say thank you for the Super chat.
• 18:10
  And then I have something that if you need a place to lay your
• 18:13
  head down and sleep every night or you do your kids, your
• 18:17
  grandkids or potential. I don't have grandkids, but my
• 18:20
  potential grandkids. Absolutely.
• 18:23
  And this is absolute sorcer Stan.
• 18:26
  Thank you my friend. I appreciate that.
• 18:28
  I will have a coffee. What the heck, I have a little
• 18:30
  drink right now because if you're concerned about where you
• 18:40
  or your children or grandchildren may lay your head,
• 18:43
  we all need shelter. It's one of our primary,
• 18:46
  absolute primary needs in life. And I'm looking here, I'm
• 18:51
  getting readouts, right? The markets are still down.
• 18:54
  The Nasdaq's almost down 1%. But we're not talking about the
• 18:58
  NASDAQ. We're talking about housing in
• 19:01
  this country. You're going to tell me that we
• 19:04
  have a healthy housing market in this country, right?
• 19:07
  Part of the what we do is provide housing for ourselves,
• 19:11
  and real estate is such a critical component of the
• 19:15
  economy. Listen to this.
• 19:17
  The US housing market is so expensive that incomes would
• 19:23
  have to spike by 55% for it to be considered affordable,
• 19:30
  industry executive says. Here's the keys The housing
• 19:34
  market is so unaffordable that only three extreme scenarios
• 19:38
  would return it to pre pandemic affordability and it wasn't that
• 19:42
  affordable back then. US incomes would have to spike
• 19:46
  55% to to consider the current market affordable, an industry
• 19:52
  executive said. Other scenarios would have to
• 19:55
  see home prices crash by 35% or mortgage rates drop by 4
• 20:01
  percentage points. Let's unpack that right there.
• 20:05
  Okay. Incomes would have to spike by
• 20:07
  55%. That would be massive inflation.
• 20:11
  There's a term for it, not cost push but labor or something.
• 20:16
  Inflation. Okay.
• 20:17
  So that that's super inflationary.
• 20:19
  Is that good for silver and gold?
• 20:21
  I think you can answer that question Okay.
• 20:24
  The other scenario would have to see home prices crash by 35%.
• 20:30
  They're not going to let that happen.
• 20:32
  That's as likely as them letting the market crash by 35%.
• 20:38
  The system is too fragile and too delicate to handle any real
• 20:44
  medicine. Is that what we need?
• 20:46
  Absolutely. What this country needs to do is
• 20:49
  let the housing market crash a little bit, let the stock market
• 20:53
  crash a little bit. That's called capitalism because
• 20:57
  we're living in La La land right now when it comes to home
• 21:00
  prices. I was talking to one of my
• 21:01
  neighbors over the weekend and and she told me she's like, I
• 21:05
  think our house is worth $500,000.
• 21:08
  And I thought, well maybe, but that just seems a little absurd
• 21:11
  to me. And the reality is maybe they
• 21:13
  could sell their house right now for $500,000.
• 21:17
  But we have to look at future. How do I say this nominal versus
• 21:22
  real value going into the future?
• 21:24
  If my house is worth $500,000 right now and it which I think
• 21:29
  is overpriced, and it still is two or three years from now, I
• 21:34
  have a real feeling the only reason it's still going to be
• 21:37
  worth that much in Fiat money right numbers nominally is
• 21:41
  because we've had massive inflation and massive inflation
• 21:46
  is good for the silver and gold price.
• 21:49
  Don't forget stagflation, right? Deflation is inflation and
• 21:54
  stagflation is the most fertile absolute scenario for the
• 22:00
  precious metals. The other option is that we can
• 22:03
  have mortgage whoa, mortgage rates drop by 4%.
• 22:07
  Yes, that would keep that would keep make houses more affordable
• 22:11
  because people would have lower rates.
• 22:14
  That would also cause another round of mass inflation, which
• 22:20
  would be good for the I can't imagine a scenario right now in
• 22:24
  this world that is not positive for the metals.
• 22:27
  Don't make any financial decisions based upon anything
• 22:30
  that I'm saying. I'm just sharing my opinion with
• 22:33
  you. But as I look at it as any of
• 22:36
  these scenarios, things have gotten so screwed up right now
• 22:41
  in this world that all the, you know, there's very few scenarios
• 22:46
  outside of like, really scary stuff like nuclear war and those
• 22:50
  types of things, which is just bad in general, bad for for all
• 22:54
  of us. Here's something, if you thought
• 22:57
  about this, something most people haven't thought about
• 23:00
  when it comes to mortgage rates and then we're going to move on
• 23:03
  from this mortgage rate discussion.
• 23:04
  But people don't think about this.
• 23:06
  People say oh the 30 year, I got a 30 year mortgage at 2 1/2% and
• 23:11
  that's great. I'd say hold on to that.
• 23:13
  But now new people that are wanting to buy a house are
• 23:16
  getting 30 year mortgage rates that are more like 7 point.
• 23:20
  You hear these numbers, 7.89% thirty year mortgage, right.
• 23:24
  And you know, when you do the math, people are paying three
• 23:27
  and four times as much now for the same house that they would
• 23:31
  have paid just like five years ago.
• 23:33
  It's insane how much monthly payments have gone up because of
• 23:37
  those rates. But there's more.
• 23:39
  Yeah, there's more. There's a kicker.
• 23:41
  There's a kicker. Those rates you always hear
• 23:44
  people talk about. Those are for people with like
• 23:47
  excellent credit with 800 credit scores.
• 23:51
  People that have average credit, like the average credit rating
• 23:54
  in this country I hear is like 6 something, 650 or something
• 23:58
  along those lines. Their mortgage rates are
• 24:01
  significantly even higher. Could you imagine mortgage rates
• 24:05
  at 10 percent, 9%, because your credit's not good, so you got to
• 24:09
  pay more than the guy or the woman or the couple that has
• 24:13
  good credit. Housing is out of control and
• 24:18
  either way it's going to be painful how it corrects.
• 24:21
  However, either way is also very, very supportive.
• 24:26
  For that. We got more, don't worry.
• 24:28
  But wait, there's more. There's more.
• 24:30
  And thank you for the Super chance.
• 24:32
  The support is much appreciated. I don't do memberships.
• 24:36
  I don't do Patreon, which I'm not putting anybody down that
• 24:39
  does. I don't have a class that I'm
• 24:41
  trying to sell you. I do have sponsors and I do
• 24:45
  except super chats. That's the way that if people
• 24:48
  who want to never expected, always appreciated can support
• 24:51
  us. Our sponsor pin backs.
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  If you're looking for online bullion dealer who you can
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  platinum? Check out Pin bex Pi MB EX.
• 25:22
  Pin bex.com. OK, OK, What?
• 25:27
  What else? It gets better.
• 25:29
  It gets better. Here, let's just talk about
• 25:31
  America. This is from aolrememberaol.com.
• 25:37
  I'm bringing you a O at the Wall Street Journal.
• 25:39
  No aol.com. America online.
• 25:43
  Remember, it would make that noise and then connect.
• 25:46
  OK, America is now paying more in interest.
• 25:51
  We're paying more on interest. Our government on its record 33
• 25:56
  trillion debt than on National Defense.
• 26:02
  We have $34 trillion in debt and we have higher interest rates.
• 26:07
  The parties over folks, the parties over.
• 26:11
  We're paying more in interest expense than we are a National
• 26:16
  Defense. Oh, and by the way, it's not
• 26:21
  getting better, Joe. No, it's not working because the
• 26:26
  level of debt is going up, up, up, up, up, up, up.
• 26:32
  And the interest rate on the debt is going up, up, up.
• 26:36
  Can you see it? Is it going off your screen up
• 26:39
  that makes the interest expense that already exceeds the level
• 26:43
  that we're paying for National Defense go up even higher.
• 26:47
  Do you ever start to feel sorry for your kids and grandkids
• 26:51
  because they're going to have to Sorry I hit you there.
• 26:55
  Sorry, they're going to have to deal with this mess right that
• 26:58
  we created. I know I'm not blaming you.
• 27:01
  I'm not blaming me right are. But we are leaders have created
• 27:08
  a huge mess that our children and grandchildren are going to
• 27:12
  be paying for for generations. Even one of the senators said
• 27:17
  that right we're in a debt death spiral in this country.
• 27:22
  America's gross national debt hit an eye watering.
• 27:26
  Are your eyes watering 33 trillion for the first time in
• 27:29
  September. Ooh, it's so high.
• 27:31
  My voice is high. Mere months after eclipsing 32
• 27:37
  trillion. It only took a couple months to
• 27:39
  add a whole trillion to it. The US is also currently
• 27:42
  spending more on interest on the national debt than it does on
• 27:46
  National Defense, according to the Treasury's monthly
• 27:50
  statement. Yeah, then the next articles
• 27:54
  let's just let's move on. Let's move on.
• 27:56
  There's more, There's more. There's more.
• 28:00
  Real estate asking prices plummet as mortgage rates hit 20
• 28:05
  year high. Is it time to buy, sell or stay
• 28:09
  put? I'd say stay put.
• 28:11
  OK, asking. Prices in real estate are coming
• 28:14
  down Redfin, which is like the nation's biggest find real
• 28:20
  estate company, right? Their CEO issues a dire warning
• 28:25
  on US's rock bottom real estate market.
• 28:29
  He says the American Dream is in trouble.
• 28:33
  Look, I don't want to be a cynic.
• 28:35
  You don't want to be a cynic. We don't want to be negative.
• 28:37
  We don't have on want to wear 10 foil hats or anything along
• 28:41
  those lines, but we want to know what's going on.
• 28:44
  This is the CEO of Redfin, which has some special designation
• 28:48
  like the world's biggest online real estate something or
• 28:51
  another. Anyway.
• 28:54
  His name's Glenn Kelman. He reacted to the US real estate
• 28:57
  market, warning home buyers that relief from the rock bottom
• 29:01
  economic conditions remains unclear.
• 29:04
  For 2024, he says you'll have to ask the Fed when the market's
• 29:08
  going to get better. See, they're going to blame it
• 29:10
  on the Fed, right, these real estate companies that that.
• 29:14
  I mean it's been a good run for Realtors and real estate people
• 29:17
  over the last, what, 25 years. We're getting back to more real
• 29:22
  environment like a real type market and my heart goes out to
• 29:26
  them. I know it's difficult, but you
• 29:30
  know I don't. I think they're all waiting.
• 29:32
  I'm hearing this. They all think that, you know,
• 29:34
  next year we're going to go back to these low rates and
• 29:37
  everything will be party again. I'll be surprised if that's the
• 29:41
  case, but we'll see how it plays out next year, he says.
• 29:45
  So the so the only real question is whether we're going to catch
• 29:48
  a break entering the home buying season of 2024, he says.
• 29:53
  But I think most people have written off the 2023 home buying
• 29:59
  season. Boy, everywhere we look here in
• 30:02
  the US, Jeremy Grantham says we're going to have a 50% crash
• 30:06
  in the S&P 500. You know who Jeremy Grantham is?
• 30:09
  Yes, that Jeremy Grantham. I got to ring the cowbell.
• 30:13
  Thank you, Susie. Thank you.
• 30:14
  Coin shop, Chris, I'm sorry, we have 200 thumbs up.
• 30:18
  It's cowbell time. Hold your ears.
• 30:28
  Yes, this is real. Yes, that's a real cowbell okay.
• 30:35
  Jeremy Grantham is for real. He's a manages the massive asset
• 30:40
  management firm that has like 60 billion under management.
• 30:44
  Jeremy Grantham is highly respected out there.
• 30:48
  He's calling for a 50% correction in the SP500.
• 30:53
  I don't think that's going to happen.
• 30:55
  But when somebody of his stature right in his insight and ability
• 31:00
  says that we better perk up and listen.
• 31:03
  And we've talked about this in terms of looking at all that
• 31:07
  through the lens of silver and gold and platinum, I'm.
• 31:11
  I'm to the point now where things are so screwed up no
• 31:14
  matter what, no matter how this plays out, we're going to see
• 31:18
  support for the precious metals. OK.
• 31:23
  Interesting. From Marin Catoosa.
• 31:25
  I may have showed this to you the other day, but we want to we
• 31:28
  want to recognize something about gold.
• 31:31
  Gold is at a decade low RSI reading.
• 31:35
  RSI stands for Relative Strength Index.
• 31:37
  It's one of the most used and most followed technical chart
• 31:43
  patterns. Excuse me, I was dying there for
• 31:50
  a second and we have a decade low for the relative strength
• 31:56
  index in gold. Now, You know, as gold goes, so
• 32:01
  goes silver, so goes platinum, right These.
• 32:06
  And if you look at that chart that I just showed you, it goes
• 32:08
  up and down, up and down, up and down.
• 32:11
  It's due to go up. You know by almost any
• 32:15
  reasonable metric, the silver price, the gold price.
• 32:20
  You know whether you no matter how you want to compare it to
• 32:23
  the SP500, you want to compare the price of gold and silver to
• 32:27
  the gold. My all the metrics are crazy
• 32:30
  insane pointing towards big value right now in the metals.
• 32:37
  All right, think about the dollar.
• 32:38
  OK, I'm going to pull it out. I can't help it.
• 32:41
  I got to pull out the old dollar chart one more time.
• 32:43
  Everybody says, oh, that dollar. I didn't look this morning.
• 32:46
  Is the dollar up now? We may be in a very unique
• 32:50
  situation right now where the DXY dollar index is up.
• 32:54
  And honestly, I didn't get a chance to look at it this
• 32:56
  morning. And gold goes up because when
• 32:59
  gold gets it, safe haven bid, so does the dollar.
• 33:02
  But the big reason everybody's telling you and me why silver
• 33:06
  and gold are down is because the dollar so strong.
• 33:10
  Look, that is what 35, I'm sorry, 35 years worth of the
• 33:20
  dollar. You see the black parts that are
• 33:22
  colored in? That's the amount of time that
• 33:25
  the dollar has been above 100. The DXY index, which it is right
• 33:30
  now, probably 107106108. But it's important to note that
• 33:35
  that's only like 7 or 8 years out of the last almost 40 years.
• 33:41
  OK, so very, very small amount of time that the dollar, even
• 33:47
  when measured by the DXY index, which is, you know, that's like
• 33:52
  comparing a bunch of turds in a toilet.
• 33:54
  There, I said it. That's as nasty as I get, but
• 33:56
  that's the reality. OK.
• 33:59
  And people say the dollars strong.
• 34:02
  Well, you know, you've heard this eight times from me.
• 34:05
  Yeah, the dollars. Great.
• 34:06
  Go back 15 years to 2008. The DXY was at 80.
• 34:10
  The DXY today is at 108. It's up 30% in the last 15
• 34:16
  years. The dollars up, it's 30% more
• 34:18
  valuable according to this popular measure that everybody
• 34:22
  uses the DXY to explain why there's been downward pressure
• 34:27
  on silver and gold. Well, if gold, I'm sorry.
• 34:29
  If the dollar has been up so much in the last 15 years, why
• 34:33
  does it only buy half as much of the goods and services today
• 34:37
  that it did back then? I'll tell you why.
• 34:39
  Because then real terms, not the turds in the toilet, but in real
• 34:44
  terms what you can do with your dollar.
• 34:48
  It's down in value. And that's only going to
• 34:51
  continue because compared to 15 years ago we've got significant
• 34:55
  higher levels of debt in this country.
• 34:58
  We have a whole different world that we're living in.
• 35:02
  OK? Completely different.
• 35:04
  Remember what the New York Times said?
• 35:06
  The world is changing like never before in your life.
• 35:10
  Wake up more to more. Wake up.
• 35:13
  It's wakey wakey, OK, wakey wakey.
• 35:16
  Go make some cinnamon rolls in bakey.
• 35:18
  What? However you want to say it, it's
• 35:21
  going on right now. Very likely.
• 35:24
  Maybe I'm wrong, maybe everything's OK, maybe the world
• 35:27
  is not really, you know, I guess maybe if we watch the children's
• 35:31
  news network, CNN, they'll they'll tell us what they want
• 35:35
  you to think and know. But if you pull your head out of
• 35:38
  the, out of the, out of the CNN cesspool and look around what's
• 35:43
  going on in this world, really and try to read some objective
• 35:47
  news sources, I'm not saying I know everything going on because
• 35:52
  I don't. I absolutely don't.
• 35:54
  I can barely understand what's going on with Hamas and
• 35:58
  Palestine and Israel and but I know enough to know that there's
• 36:04
  major change afoot in this world right now.
• 36:08
  I I'm, I would argue that that there's right now, in my 53
• 36:12
  years, you know, walking around on this beautiful planet, I've
• 36:17
  never seen such a screwy situation like we're seeing now.
• 36:22
  And do we want to be prepared? Yeah, of course we want to be
• 36:25
  prepared. You know, let's touch on one
• 36:28
  more thing regarding the United States of America and what a
• 36:32
  fine position that our politicians have gotten us into.
• 36:36
  Before I do that, I want to thank our other sponsor, First
• 36:39
  Mining Gold, firstmininggold.com.
• 36:43
  Go there and learn about this company if you want value, if
• 36:47
  you like to. Do you like to hold gold?
• 36:49
  Do you like to hold silver? Would you like to own some gold
• 36:53
  and silver? But it's still in the ground,
• 36:56
  but it's in Canada and it's been drilled and defined and they're
• 37:00
  even exploring for more because first mining gold has 25 million
• 37:04
  ounce projects, one in Q1 in Ontario, the one in Quebec is
• 37:08
  crazy interesting right now. They just put out a preliminary
• 37:12
  economic assessment that shows 200,000 ounces of year.
• 37:17
  It's like a business plan for what could happen.
• 37:19
  So check them out. Thank you, Mike.
• 37:22
  Thank you for that super chat, my friend.
• 37:24
  Very much appreciated. First, mining gold and pinbacks
• 37:28
  for that matter, make this show possible.
• 37:31
  So do me a favor, Just check them out, you know, Look, I'm
• 37:35
  not giving financial advice. I'm just giving you my opinion.
• 37:39
  Stocks are risky. Heck, isn't everything risky
• 37:43
  after all? But you know, see what you see,
• 37:45
  what you learn, and see what you like.
• 37:47
  Now let's get into I gotta read this.
• 37:51
  This is mind numbing. Are you ready for your mind to
• 37:55
  get numbed? If you've been listening to me
• 37:57
  for a few minutes, you probably are.
• 37:59
  But I'm going to numb it even more.
• 38:03
  This is from the Business Insider, the collapse in
• 38:07
  Treasury bonds. Remember, Treasury bonds are the
• 38:11
  safest investment in the world. Don't believe anything they tell
• 38:16
  you. Do you want the truth, or at
• 38:20
  least 3/4 of it, right? The truth comes from the most
• 38:24
  unlikely places, like some guy in his basement.
• 38:27
  But remember, haven't they always told you Treasury bonds
• 38:30
  are the safest investment backed by the United States?
• 38:34
  You can't go wrong with a treasury bond.
• 38:36
  Or can you? Because the collapse collapse
• 38:41
  in. I didn't write this.
• 38:43
  Don't get mad at me. In Treasury bonds, now ranks
• 38:46
  among the worst market crashes in history.
• 38:53
  Worst market crashes in history. Let's, let's dig into this one a
• 38:57
  little bit. Since March of 2020.
• 39:01
  So what is that, 2 1/2 years ago?
• 39:04
  Treasury bonds with maturities of 10 years or more.
• 39:09
  Okay, that means Treasury bonds. Thank you for that super chat.
• 39:13
  Oh man, I'll come back. So metals to the moon.
• 39:17
  Yes, precious metals to the moon.
• 39:19
  Thank you, my friend. That is awesome.
• 39:23
  That is Mauricio Ruiz. Thank you, Mauricio.
• 39:26
  Appreciate the support. Very much appreciated since
• 39:29
  March of 2022, 1/2 years ago. Guys, we're not talking about 20
• 39:34
  years ago or 10 years ago, 2 1/2 years ago.
• 39:39
  Treasury bonds with maturities of 10 years or more have
• 39:43
  plummeted 46%. Let me make this very clear for
• 39:49
  you. You took $100,000.
• 39:53
  Imagine right now you got a stack of honeys, $100,000.
• 39:59
  Last night, my daughter Lillian got it.
• 40:02
  She had $250 bills. She's very smart little girl.
• 40:06
  She was with Grandma and grandpa, and they bought a
• 40:08
  expensive sweat suit for my other daughter, the diva.
• 40:12
  And Lily. And she's smart too.
• 40:13
  But Lily, the smart little one, they gave her $100 to
• 40:17
  compensation and gave her $250 bills.
• 40:19
  And she was obsessed. I'm watching Little House on the
• 40:22
  Prairie like we usually do on Sunday nights.
• 40:25
  I love that show. And she's like, daddy, will you
• 40:28
  get me $100 bill to trade for two 50s?
• 40:31
  And I'm like, yeah, I'll do it tomorrow morning.
• 40:33
  Well, she was not going to have that, so Daddy had to go dig out
• 40:37
  my only $100 bill. OK.
• 40:39
  And trade it in for two 50s anyway.
• 40:42
  Why didn't he? Oh, why, oh, 100,000.
• 40:43
  You got 100 grand? Let me show you how much pain
• 40:46
  you're in. Thank you, Cliff, for the Super
• 40:48
  chat, my friend. You're a good man.
• 40:50
  Appreciate it. You got 100 grand.
• 40:53
  All right. Maybe.
• 40:55
  Uncle. Uncle Uncle Dale died, Left you
• 41:00
  $100,000 cash. You got 100 grand.
• 41:03
  So you're like I got to do something with this.
• 41:05
  It's March of 2020, just before the the, what's it called?
• 41:09
  The cough, cough hit. My friend going, Jeff, Chris
• 41:12
  calls it that You got 100 grand. What are you going to do with
• 41:15
  it? Come on.
• 41:17
  Oh, you're going to go down to your local financial services
• 41:20
  representative and you go and you sit down.
• 41:24
  They say, hey, they're your best friend, right?
• 41:26
  You can give him 100 grand, like, wow.
• 41:29
  But you tell him, like, I want to be safe with this and he says
• 41:32
  to you, we're going to buy the safest investment on planet
• 41:36
  Earth. We're going to buy, we'll buy
• 41:38
  you a 20 year U.S. Treasury bond.
• 41:42
  It's paying. It's paying 1.4%.
• 41:46
  And so, you know, since inflation is not a problem, just
• 41:49
  listen to what Janet Yellen and Jeromi Pollard, Tanya, they say
• 41:53
  don't worry about inflation, that little uptick we're having.
• 41:55
  This is 2020. That's just transitory.
• 41:59
  That's just temporary. It's not a problem.
• 42:02
  Don't you worry about it. I'm going to pay.
• 42:03
  You're going to buy a 20 year treasury bond with your 100
• 42:06
  grand, It's going to pay 1.4%. You're like, woohoo.
• 42:10
  I'm going to make 1400 a year over $100 a month on my bond.
• 42:15
  OK, so you get your bond, you get your paperwork, and you're
• 42:18
  happy. You go home and you wake up
• 42:20
  today and you're like, you know what?
• 42:22
  I need some money. I got to.
• 42:24
  I got to fix my, I don't know, my RV or whatever, right, It's
• 42:30
  going to cost 20 grand. So you're like, you know, I'll
• 42:32
  just cash out that bond, that safest investment on the face of
• 42:36
  the earth that I bought back in March of 2020 that I gave that
• 42:41
  that that financial services guy who was my best friend but then
• 42:44
  never followed up anyway. You, you go down to see him to
• 42:47
  Remember Me. Oh yeah, yeah.
• 42:49
  I want to cash out my bond. Your bond.
• 42:51
  Now, if you want to cash it early now, if you want to wait
• 42:54
  till the end of the 20 years, yeah, sure, you'll get your 1400
• 42:57
  a year and you'll get your whatever 100 grand will be worth
• 43:00
  in 20 years, right? But if you want to cash it out
• 43:03
  now, it's plummeted in value by darn near 50%.
• 43:10
  Welcome to the real world. Don't forget, guys, have you
• 43:13
  considered this right? Bonds have crashed.
• 43:17
  It's is Why is that not headline news?
• 43:20
  I wonder, right. Does that make any sense?
• 43:22
  The banks hold all those bonds as well.
• 43:25
  You know that whole story. But the banks are fine.
• 43:28
  They got F Dick insurance, so they're fine.
• 43:31
  Don't worry about the banks. They got some commercial real
• 43:34
  estate loans that are going bad too.
• 43:36
  But don't worry about the banks. Jerome said himself.
• 43:39
  Jerome Powell tell you, don't worry about the banks.
• 43:41
  We got it all covered. We got everything covered
• 43:44
  because we have a printing press.
• 43:46
  We can print all we want. OK, man.
• 43:49
  Thank you for the support. All right, Go, Ron.
• 43:53
  You're very informative now. I was unbiased, not brainwashed.
• 43:57
  I try to be as objective as possible when it comes to the
• 44:01
  situation. Let me get done with, Let me get
• 44:04
  done with this. See, Susie's watching.
• 44:06
  She wants me to stay on track. I'm staying on track.
• 44:09
  When it when it comes to these bonds and the losses, it's
• 44:12
  catastrophic. Right now, what's going on with
• 44:16
  bonds? It's a crash that measures up
• 44:19
  against any crash, including the tech bubble crash that occurred.
• 44:23
  OK, but it's being it almost feels like it's being hidden,
• 44:27
  says the bond market sell off. That sending yield soaring is
• 44:31
  starting to eclipse some of the most extreme market meltdowns
• 44:35
  and past eras. Bloomberg reported on Treasury
• 44:40
  bonds with maturities of 10 years or more had notched a 40%
• 44:45
  loss since March of 2020, while 30 year bonds had plunged by
• 44:50
  over 53%. These these losses I'm going to
• 44:57
  read one more thing to You are nearly in line with stock market
• 45:00
  losses seen during the worst crashes of recent history when
• 45:05
  equity slumped 49% afterthe.com bubble burst and 57% in the
• 45:12
  aftermath of 2008. The bond market has crashed.
• 45:16
  But there's more. Yeah, there's a kicker.
• 45:19
  There's usually a kicker. And on this one there is a
• 45:22
  kicker. Did you know that the bond
• 45:26
  market is almost three times the size of the stock market?
• 45:31
  2 * 3 times? Anyway, the bond market is way
• 45:36
  bigger than the stock market. And isn't it interesting that we
• 45:40
  never really hear? It doesn't get the attention
• 45:43
  that it deserves, but it has absolutely crashed.
• 45:47
  Okay, The last gentleman who gave me the nice super chat
• 45:52
  brought up, you know, there, there, there, there's there.
• 45:56
  There's a war going on with Palestine and Israel.
• 46:00
  I'll say this about it. I recognize there's two sides to
• 46:04
  every story. Okay.
• 46:07
  It's not just the hero and a villain type situation and
• 46:12
  that's a long standing conflict in that area.
• 46:15
  But number one, I wish the world could figure out a way to get
• 46:20
  along just a little better. Instead of blowing each other
• 46:23
  and all of our stuff up, right? Number one, we could stop
• 46:27
  blowing the blowing everything up #2, #2 Think about this.
• 46:32
  All those people that spend all that time on defense,
• 46:36
  technology, different creative ways to destroy things could
• 46:41
  spend their time and energy on productive things to help
• 46:44
  mankind. I mean, the whole world could be
• 46:46
  a much better place. I'm sorry.
• 46:48
  I know it's not necessarily a popular and and and and and with
• 46:52
  the reality of the world right now that we live in, it's not.
• 46:58
  It's not happening, but it could happen.
• 47:01
  I heard somebody say maybe it was Stew that you would think,
• 47:05
  like we we consider ourselves to be like the dominant and the
• 47:09
  smartest species on the Earth. You think we might learn that
• 47:13
  it's we're better off when we work together and compromise and
• 47:18
  cooperate as opposed to fighting, right.
• 47:22
  I mean, I don't what even at your own house, I know here at
• 47:24
  the house, like I think Susie and I seem to do a lot better
• 47:28
  when we're cooperating and we do cooperate.
• 47:30
  And I do appreciate Susie and everything she does to help the
• 47:33
  channel. You guys were very nice to her.
• 47:36
  Please continue to say thank you to Susie.
• 47:38
  Thank you for the Super chats. Thank you to Jake's custom
• 47:41
  parts. Thank you to Coin Shop.
• 47:42
  Chris, thank you to Annie Oakley, Jen McDaniels here, our
• 47:46
  newest moderator as well. Thank you, Jim.
• 47:49
  If I missed anybody, I do apologize.
• 47:56
  It's going to be an interesting, we've got to realize right now.
• 48:00
  Oh, we got to get the 300 thumbs up, man, because we got it, we
• 48:04
  got, we got to pull this together.
• 48:06
  The key take away, right, As we look at the world through the
• 48:11
  lens of precious metals? OK, as we look at the world
• 48:18
  through silver and gold for safety, for security, what's
• 48:22
  going on will start big in the world.
• 48:26
  It is crazy. The New York Times is talking
• 48:29
  about it, my Lord. The New York Times is basically
• 48:33
  saying the world is changed. Like, not like nothing.
• 48:37
  Even 10 years ago, five years ago, we couldn't have imagined
• 48:43
  what's going on right now. But unfortunately, it's even
• 48:48
  scarier when we factor in what's going on internally in the
• 48:52
  United States. The level of conflict in this
• 48:55
  country, right. Politically, socially,
• 48:59
  everything else. The economic, the monetary
• 49:02
  situation, the fiscal situation, right.
• 49:05
  What the Fed is doing, what the government is doing with your
• 49:08
  money, it's all out of control now, don't forget, right?
• 49:13
  The take away here is silver and gold.
• 49:16
  Have seen this before. This happened in the Roman
• 49:19
  Empire, this happened in Greece, this happened in Germany, this
• 49:22
  happened in Venezuela. This really right.
• 49:26
  It's it. It feels like it's never
• 49:27
  happened before because it's our first time experiencing it.
• 49:33
  But periods of massive change, periods of of currencies losing
• 49:38
  their dominance in the world, have occurred with Is it going
• 49:41
  to happen this month? I don't know.
• 49:43
  Is it going to happen this year, next year?
• 49:45
  I don't know. Is it going to happen in the
• 49:47
  next 10 years? We don't know for sure.
• 49:49
  But we can look at the big trends that are occurring and
• 49:54
  position ourselves for safety. I had to ring the bell with my
• 49:57
  nose. We got 300 thumbs up.
• 49:59
  Thank you, guys. I'll be right back.
• 50:00
  Hold on here. I always say it's the last time
• 50:06
  I'm going to do this. Yes, I'm the only YouTube
• 50:09
  content creator that when we get the 300 basement dwellers.
• 50:13
  I haven't said that today. My friends, my basement
• 50:16
  dwellers, for you, Anything. Do you want me to ring this bell
• 50:20
  with my nose? I think overall, you do.
• 50:23
  So I'm going to go ahead and do it because that's what we do
• 50:26
  here in the basement. When we get to 400 thumbs up, we
• 50:29
  ring the gong. That is painful.
• 50:37
  Thank you guys for being here. Okay.
• 50:39
  We'll be back tomorrow. Basement dwellers stay united,
• 50:43
  right? There's so much craziness in the
• 50:46
  world right now. We'll navigate these choppy
• 50:49
  waters together. We are, We are.
• 50:51
  We'll be Okay, right. We've got the YouTube, It's your
• 50:56
  channel, it's your basement as much as mine.
• 50:58
  We'll be back tomorrow. Hey, Coin Shop, Chris and I put
• 51:01
  out a video over the weekend. Go check it out.
• 51:04
  We talked about what's going on at the at the coin shops right
• 51:09
  now, what they're experiencing and how interesting situations
• 51:14
  are developing in the retail an individual investor silver
• 51:19
  market in particular. We also show how you can save
• 51:23
  yourself $200.00 buying some silver.
• 51:25
  So you might want to check it out.
• 51:27
  Take care, I'll see you tomorrow.
• 51:28
  Bye, bye.