Latest / Global Voice Radio Network's tracks / Radio Ranch with Roger Sayles Archive Replay 102026 - Basel III, Gold Repricing, and the Reset They Don’t Want You to See

Transcript

Radio Ranch with Roger Sayles Archive Replay 102026 - Basel III, Gold Repricing, and the Reset They Don’t Want You to See · Global Voice Radio Network's tracks

• 0:13
  Unknown: Forward moving and focused on freedom. You're listening to the Global Voice Radio Network.
• 0:24
  This mirror stream is brought to you in part by
• 0:27
  mymitoboost.com
• 0:29
  for support of the mitochondria like never before.
• 0:32
  A body trying to function without adequate mitochondrial
• 0:36
  function is kind of like running an engine without oil. It's not gonna work very well. It's also brought to you by snapfat.com.
• 0:44
  That is snap,phat,.com.
• 0:48
  It's also brought to you by the Prife International Terahertz frequency wand through iteraplanet.com.
• 0:56
  Thank you so much for joining us, and welcome to the program.
• 1:55
  Unknown: Well,
• 1:56
  there you go with the familiar
• 1:58
  starting lyrics of Thursday
• 2:00
  with the old radio ranch.
• 2:02
  Roger Sales with me. Chris Caves on with us already here and we were just I was complaining to him right before the show.
• 2:09
  I'll express a little bit more about that in a second. It's the May 30 and of course, People's Patriot Network and
• 2:16
  I was
• 2:18
  kind of in a little bit of a panic. It seems to be alright, Chris and
• 2:23
  in that yesterday,
• 2:25
  I got another wonderful Windows update. You know, I've been putting it off. They give you these little alerts. Oh, hell. We got an update for you. You want to do now? You wanna set it later? You wanna just whatever? So you... Whatever. Whatever. Whatever.
• 2:38
  And do it tomorrow, then the message changes. Do it tomorrow.
• 2:42
  Boom. Tomorrow. Tomorrow. Tomorrow. Well, at some point, Microsoft and all of their great vision.
• 2:48
  They go, well, listen, our little peons out there, they they don't know what the hell they're doing and we've got this great improvement
• 2:55
  and we're just going to shove it right up. We're just going to shove it right up your barracks bag. Your computer can be sitting there sleeping off or whatever and all of a sudden, it just goes into update
• 3:06
  mode
• 3:07
  and the problem is that as I told Chris and and many, you don't understand this particularly because
• 3:14
  if you just got a regular computer and it does that, it doesn't really do too much usually,
• 3:19
  but with our ability to do this program and the way that Paul has set us up here,
• 3:25
  there's like several pieces of software
• 3:28
  that all interconnect
• 3:29
  and then you can't go in and troubleshoot. I can go in with a regular computer and figure some of that stuff out, but you get into this, well now everything's changed because there's two or three other pieces of software that have changed the whole up routine,
• 3:43
  and it just gets over my head, and I'm not going to sit there and spend the time to figure all this out. That's Paul's Ballywick, and maybe one day we'll be able to hire a full time engineer.
• 3:53
  But anyway, so it worked, Chris, and
• 3:56
  what was. Now, I know what it was.
• 3:59
  The the switch and why. So, it looks like the minor update that they did yesterday and it didn't take but a minute.
• 4:06
  Didn't screw things up too bad for us here today. So, it's a Thursday. We're in the, what, tomorrow is the last day of the month, okay?
• 4:14
  And June will be Monday will be in June
• 4:18
  and
• 4:19
  I look for June to be extremely volatile.
• 4:22
  All the tea leaves, the marijuana leaves, however you want to look at it, they're all, if you're sitting there trying to read the marijuana leaves,
• 4:31
  it looks like real rough road up ahead
• 4:34
  and I believe it's going to start in June. I think we're going to see it. I think Bo Pol needs right on.
• 4:41
  On that little video he did with Greg Hunter
• 4:43
  and so,
• 4:46
  we've waited a long time. We've been very patient. It's been
• 4:50
  gold winter and the bitcoin winter and all these other manipulated
• 4:56
  markets that these bastards can control,
• 4:59
  and they're about ready to lose it. Now that sets up they're not obviously they're not stupid people,
• 5:06
  and that sets up the idea that
• 5:09
  they're not really ever going to lose,
• 5:12
  okay?
• 5:13
  And so what we've got to do is just get on the side
• 5:16
  and be there solid that is going
• 5:19
  affected by this in a positive manner. We discuss that a lot here,
• 5:24
  and we've got several avenues there for folks,
• 5:27
  and so that's pretty encouraging because I'm hoping we're going to turn a corner here next month, Chris.
• 5:33
  What has happened globally,
• 5:36
  there's
• 5:38
  a severe lack of circulating currency out there. That is the problem
• 5:43
  that a lot of people are having is in the cash flow department, okay?
• 5:47
  And
• 5:50
  what I believe is happening is the debt that they've hypothecated
• 5:54
  in so many different areas through so many different methods,
• 5:58
  you've got to service that debt every month, okay?
• 6:01
  It's those bills gotta be paid or else real bad things start happening and they can't get enough people to go out and and borrow money to get an excess reserve. You know, they keep telling us inflation's low, inflation's low. That means there's no circulating medium out there, okay? And so, people don't have because the velocity of money is what it's called, people, that velocity of money is as low as it's ever been since they started doing the figures,
• 6:30
  okay, and that means it's not circulating amongst us. There can be a little amount of currency,
• 6:36
  but if it's circulating very briskly,
• 6:38
  it gives the appearance of prosperity,
• 6:40
  okay, and what we've got now is people are clamming up, they're not spending, they're not borrowing,
• 6:47
  and there are very little circulating
• 6:49
  medium to service this huge debt load,
• 6:53
  okay? That's one of the big things that's happening out there. And
• 6:58
  hopefully,
• 6:59
  it's very interesting. I was talking, I mentioned yesterday I had a conversation with Paul over the weekend. I'm going to tell a little story that he told me, okay,
• 7:10
  that stuck with me. I want to talk to him about it yesterday and of course, he wasn't able to be with us this week.
• 7:15
  We'll find out more about that next week. Paul has a real good friend
• 7:19
  who's a big time banker up in the city of London and
• 7:25
  he was calling. I won't give the firm and stuff that he's with and
• 7:30
  he called him and and they were talking, I guess, recently and they they were marveling about what we're talking about right here and and he's in a area of the bank where they do loans to wealthy clients,
• 7:43
  okay, and he was telling Paul
• 7:45
  that this really wealthy guy over there
• 7:48
  called and wanted to borrow $500,000
• 7:51
  to pay his taxes.
• 7:56
  Do you know why?
• 7:58
  No, I'm kind of curious about that. Well, because he's got all of his investments over in these investments that are going to return these huge turns and he didn't want to pull any out to go pay his taxes.
• 8:12
  So, on rolling the dice on those bets, he was going to go borrow a $500,000
• 8:17
  to pay his tax bill,
• 8:19
  okay?
• 8:20
  And that's a position many of us are in. You know, not certainly not on that scale, okay? But many of us all these years being little peon people and working folks and stuff. You take a little bit every month and and you go buy some. You go buy Bitcoin, you go buy silver, you might buy a little gold, you might buy something for the future and yet right now, we know that that stuff is about to do some sort of an upturn and and and give us some satisfaction for all the sacrifice that we've made all these years sitting on it and disposing our self of that purchasing power in hopes of the future and I think we're about ready to see a turn, you know, the
• 9:02
  and we can start pulling some of that money out of it when the returns
• 9:06
  are at a point where you feel justified to sell it and you don't want to go cry in bed at night because you lost so much.
• 9:15
  Unknown: Well, some might observe that your banker friend of Paul's at the city of London was
• 9:21
  protecting his speculative investments Sure. By borrowing cash
• 9:26
  to pay the taxes
• 9:29
  to avoid
• 9:30
  pulling out what he expects to be exponential returns on his investments.
• 9:36
  Unknown: Which likely will come to fruition. It's just a matter of when. It's a matter of when. Well, we're real close to the wind, and that's been the problem as we've been sitting on this stuff thinking they they just can't continue to pull this off. They just can't continue to pull it off, and somehow,
• 9:50
  if you haven't noticed, they continue to pull it off, okay? Mean, every everybody
• 9:56
  of any renown out there in the in the metal space, in the financial space that that I pay attention to, I've heard them just about to the man all say, if you'd ask me when this thing's going to crash, I'd have said ten years ago,
• 10:10
  you know?
• 10:10
  Nobody can believe the mechanizations
• 10:14
  that they've pulled out of their hat to be able to pull this off.
• 10:19
  Unknown: K. It's actually becoming very, very
• 10:23
  objectively bizarre
• 10:25
  because the cloud and flipping model of the fractional reserve
• 10:29
  system,
• 10:31
  expanding and contracting the economy as it will,
• 10:36
  for whatever purposes, demonic or otherwise, they might have under their hat,
• 10:40
  their mad hatter's hat,
• 10:43
  are really quite obvious, and more people are waking up to their deviosity
• 10:48
  and the
• 10:49
  preposterousity
• 10:51
  that
• 10:52
  economic forces
• 10:53
  cannot force up the metals markets and other
• 10:57
  consumable...
• 10:58
  What... Like, but,
• 11:01
  actual wealth investment protection
• 11:03
  vehicles.
• 11:05
  It's it's just bizarre. It's it's unbelievable.
• 11:08
  And you cannot keep unbelievable.
• 11:12
  People will wake up and realize the preposterousity
• 11:15
  of the fake system that's suppressing the prices of natural forces of consumerism
• 11:21
  Unknown: and free markets. Markets. Well, you know, as I welcome Robert here because we haven't heard from Robert too much lately. I'm glad to hear from you, man.
• 11:28
  The the Bible, the Bible
• 11:31
  describes it as wailing
• 11:34
  and gnashing of teeth.
• 11:37
  Unknown: That's a very
• 11:39
  Unknown: descriptive phrase,
• 11:40
  wailing
• 11:41
  and gnashing of teeth, and that's what we got coming with a lot of these people that, for whatever reason, have not been aware. Those of us that have been aware, and that's a much larger percentage these days for a lot of different reasons,
• 11:54
  are taking precautions because,
• 11:57
  as it also says in that big old book there, a wise man
• 12:01
  sees danger
• 12:02
  and seeks refuge.
• 12:05
  Doesn't he, Robert, where are you refuging these days?
• 12:10
  Unknown: Still up here in Washoe County, but I hope to return to
• 12:14
  Clark County later on this year when my
• 12:18
  grand scheme plan comes to fruition. But thanks for taking my call, by the way. I just wanted to congratulate you on that great metaphor you used yesterday when talking about people who are a little itchy about filing their paperwork, the affidavit.
• 12:30
  Yeah. The metaphor you drew was, does the NFL referee throw a flag at the guy in section c?
• 12:37
  Well, of course not. He has no control over the guy in section c.
• 12:41
  Unknown: And I thought that was just a wonderful metaphor that you drew out my boss. Wow. It is. And it just that's one of those things that just gets handed to you. You know, I don't know where the hell it came from. It just came and it came out of my mouth and I. I don't think it was damn good. Well, I thought when I said it that it was pretty good thing that people could relate to, you know? And
• 12:59
  and that's a big deal. What and I think and ponder about this so much and it's so important that these newer people that are coming and man, I know this is hard to understand. You sit down and you've never been exposed to this and you listen to something in about an hour of me on here and you walk away thinking you've taken a drink of water out of a fire hydrant,
• 13:20
  okay?
• 13:21
  Unknown: Either that or you're crazy.
• 13:23
  Unknown: Well, I've been, you know, we've had both reactions,
• 13:26
  alright?
• 13:27
  So,
• 13:28
  but I promise, I promise the newer folks out there, even though you might not believe this works and and you've got this great illusion of these of the great and powerful laws
• 13:40
  just like Alice
• 13:42
  and the bunch there. You know, the the the tin man and the scarecrow and all the others. They were all right there cowering before the great Oz
• 13:52
  and some little car terrier dog named Toto
• 13:56
  who got trots up there and grabs the curtain and pulls it back and you know, who's sitting back there but an old wrinkled up, damn Jew
• 14:04
  pushing the buttons and pulling the levers.
• 14:08
  Okay?
• 14:09
  Unknown: See, Roger, there you go again. There's another great metaphor, wisdom of loss. Look at you. That's two metaphors in two days.
• 14:15
  Unknown: Damn. You can call me mister metaphor.
• 14:20
  Unknown: Not
• 14:21
  inaccurately,
• 14:22
  somewhat absurd. In fact, let me leave you with one thing, and I'm glad to have Robert back on board because he can carry the water for me while I take a shower this morning.
• 14:30
  Finally recovering with some much needed sleep from my self abuse from external circumstances being polypurgated
• 14:38
  or death by a thousand cuts as some just re... Recently stated on another show.
• 14:43
  But I was looking this morning about twelve to 01:30 when I woke up for a brief period from 07:38PM
• 14:51
  to 05:30AM.
• 14:53
  And
• 14:55
  I found the Department of Justice
• 14:57
  is talking about struck and page and some of them
• 15:01
  leaking classified information
• 15:03
  in violation of 18
• 15:05
  USC
• 15:06
  four zero one, which is federal corrupt contempt
• 15:10
  of court.
• 15:11
  And
• 15:12
  there's a lot of kerfuffle from the mule wire and best ligation
• 15:16
  that falsity of investigation.
• 15:19
  Well, that's my terms, but I think it's more accurate than not. And I've used my color of law to color him in a more accurate fashion from my view of things, and I think it's very accurate. He actually committed theft by deception from the American people, felony criminal conversion of armament to his
• 15:37
  pocketbooks and his friends and cronies under the guise of an investigation when there was no actual crime by the people he was investigating. It was his sycophants and,
• 15:47
  oh,
• 15:48
  feeding gangsters of a Hillary Hillary Clinton gang
• 15:52
  who were actually involved with Brennan and mute and
• 15:57
  Clapper and others
• 15:58
  in stealing
• 15:59
  vast amounts of American assets, converting it to their own interest, and selling it to the Russians,
• 16:05
  being seditious traitors to America.
• 16:07
  And I think that's high crimes and misdemeanors that constitutes the highest form of punishment dictated in the constitution.
• 16:13
  Unknown: And with that, I'm going to the shower. Well, I can tell you one thing. I don't think we're speaking to later. We can marginalize
• 16:19
  those folks when we're talking about Russia.
• 16:22
  But if you wanted to bring in and change the country to Israel,
• 16:25
  everybody's
• 16:26
  guilty.
• 16:29
  Unknown: Yeah.
• 16:30
  Unknown: That's probably true. And we don't hear anything
• 16:33
  about Israel
• 16:34
  messing in elections. We don't hear anything about The US going around the world and screwing everybody's elections up. We don't hear about any of that. Yeah, they have. We don't hear about them going in and murdering
• 16:46
  a hundred and hundred thousand or more people so we can do a quote unquote regime
• 16:51
  change so that little Israel over there can be safe from all their heinous damn actions over one hundred years that have made all these people hate them and wanna kill them and wipe them off the face of the earth.
• 17:07
  We don't hear any about that.
• 17:09
  Chris must have taken off and gone to his shower, man.
• 17:13
  Unknown: I think he did. Well, can. Or as Paul would say, a water closet. Well, you know, as I heard someone
• 17:19
  Unknown: say,
• 17:21
  you know, you smell tired.
• 17:26
  Another
• 17:27
  another warm day, and you'll spoil.
• 17:31
  Unknown: Yeah.
• 17:33
  Mixing of metaphors.
• 17:35
  Unknown: Alright. I've gotta respond on that one. No. No. You're supposed to be in the shower. You weren't listening.
• 17:41
  Unknown: Well, I was getting there, but,
• 17:43
  we're... I'm gonna go back to your quotes to Alice in Wonderland.
• 17:47
  I'm late. I'm late for a very important date. No time to no time to waste. I'm late. I'm late. I'm late.
• 18:07
  Unknown: Reno Sparks area, still working at the Gigafactory,
• 18:10
  and I'm doing. Okay. I hope to return to later on this year. So... But things looking good. I got my positions in a big club. I'm quite happy about that. Good. Hopefully, next week, I should be getting my daily nut,
• 18:23
  also known as the, daily bonus cycle.
• 18:26
  And, with that, I could begin to build a new leg
• 18:30
  and just keep building. So
• 18:32
  Unknown: that's that's the immediate game plan and really for the foreseeable future. Well, I think there's gonna be a whole lot of people a lot more interested in Bitcoin, say, eight, nine, ten, twelve months from now.
• 18:44
  There's people I think they should. The the price rises,
• 18:47
  the price that's risen lately is certainly got a few people's attention
• 18:51
  and
• 18:52
  Got mine. Well, and I think some others, I know because I've been contacted. You know, people been on the fence yet and heard from them in over a year. All of a sudden, they're coming back around, you know, that kind of thing.
• 19:03
  So, that's another thing that tells me that we're real close
• 19:06
  and Bit Club Network and Carrot Bars. So, let's let's throw both of em in there because they're both really solid programs, okay?
• 19:14
  Both of those are going to serve us very well in the future, I believe,
• 19:18
  okay?
• 19:19
  I think they will. Carrot bars, the carrot bars coin
• 19:23
  is been fluctuating between 6 and 7. It dipped right under yesterday.
• 19:30
  For those of us who participated in that from the get go a little over a year ago,
• 19:35
  we purchased that coin at 0.7 of a cent
• 19:38
  basically
• 19:39
  and
• 19:41
  so now you've already got a five, 600%
• 19:44
  rise, okay? And believe me. Yeah. Harold Sykes came out a couple of months ago
• 19:50
  and he made the the July 4 freedom deal.
• 19:55
  Now, you've heard, you've heard about that, I'm sure, Robert.
• 19:59
  But for the audience that hasn't,
• 20:01
  Harold Seitz, president of Carrotbars, I've met him personally, spent time with him and good guy and he made the global announcement that if you bought some of these coins at at the at well,
• 20:14
  guess,
• 20:16
  I don't know if it's just restricted
• 20:18
  to company purchases or people that even bought it off the website but he made a blanket since there was no
• 20:25
  differentiation
• 20:26
  in his statement. I'm going to have to assume it applies to everybody,
• 20:30
  okay?
• 20:31
  And Harold Seitz made the statement that if on July 4, which is a little over a month away,
• 20:38
  if you
• 20:40
  choose,
• 20:40
  you can trade in 100 of those coins
• 20:43
  for a gram of 24 karat pure gold.
• 20:47
  Pretty
• 20:49
  ballsy offer, okay?
• 20:51
  Let's Alright,
• 20:53
  now let's do a little math.
• 20:55
  Seventen of a cent or even a penny, I think the people that bought it off the website bought it initially for a penny, okay.
• 21:04
  So 100 of of 7¢
• 21:07
  is how much?
• 21:12
  Unknown: A 100 of 7¢?
• 21:14
  Unknown: Yeah, a 100 times 7¢ is $7.
• 21:18
  Unknown: Oh, yeah, I got you. Okay, now
• 21:21
  Unknown: Harold Seitz knows very well
• 21:24
  how much a gram of gold costs him and is worth. They sell it for about $75
• 21:29
  There, I'm just I haven't checked the prices lately, they fluctuate a bit
• 21:34
  because of exchange rates and the price of gold,
• 21:36
  but let's just say $75
• 21:39
  alright? Now that's considerably more than a gram of gold if you took it and did the division of say a coin, if you went out and bought a gold coin,
• 21:49
  but there's a lot of things in that market that people don't know. Do you know what the highest gold content of any sovereign coin is, Robert?
• 21:58
  Unknown: Mm-mm.
• 21:59
  No, you got me there. 93%
• 22:01
  Unknown: gold.
• 22:04
  Wow. So there's 7% alloys even in the highest
• 22:09
  quality of gold coin out there. Well, is 24 karat gold,
• 22:13
  and it's not a coin that's even the smallest you can get, it's about a tenth of an ounce.
• 22:18
  This is
• 22:19
  less than that, it's a gram, and every time that you're playing with something, especially in this metal,
• 22:26
  and you make it a higher quality,
• 22:28
  which means that it needs more refinement,
• 22:31
  and that's labor and effort,
• 22:34
  and then the small size, every time you make the quality higher and the size smaller,
• 22:41
  there's labor involved, and that just equates to a higher price.
• 22:45
  So
• 22:46
  the
• 22:47
  gold that you get from karat bars is the highest quality gold in the world it's 4 nines.
• 22:53
  9,999.9,
• 22:55
  okay,
• 22:56
  it's considered to be currency grade gold and that means that that's the quality of gold that countries use to exchange
• 23:03
  to each other in their balance of trade stuff, That's what they demand.
• 23:08
  Okay? It's the new standard. China's really setting the future world standard
• 23:13
  of four nines and kilo bars instead of the old bigger bars. Alright? So let's take all that. So if you
• 23:22
  came back down and said, well, what's a 100 times $7?
• 23:30
  700. Yeah. Well, what's 10 times is the $70,
• 23:34
  okay? So, my point here is that Harold Sites is no dummy.
• 23:40
  He has not built. No. What they've built over almost going on ten years now by being a dummy, by being a chicken, by being somebody that didn't willing to go out there and fight for what he's doing, okay?
• 23:50
  And for him to make that
• 23:53
  offer that you could take 100 coins here in another month or so and trade them for a $75
• 24:00
  retail gram of gold for $7 for 7five dollars I would you do that every day all day long?
• 24:07
  Unknown: Absolutely.
• 24:08
  Unknown: Okay. Well, he knows something. Yes, sir. He didn't make that offer to have a whole bunch of people come in and clean him out of gold.
• 24:18
  No.
• 24:19
  Okay.
• 24:19
  So, I think you'll see between now and the July 4 Gold Freedom Day, I think you're going to see a substantial rise in Karatbar coin and I think you're going to see it post that. We read the other day, Robert, I don't know if you were listening.
• 24:34
  We got John McAfee's endorsement the other day.
• 24:38
  I did see that, yeah. Okay, I mean, that's pretty that, you know, that says something, alright?
• 24:45
  Especially
• 24:45
  McAfee who knows this this space
• 24:48
  and has been a Bitcoin advocate since it it originally came out.
• 24:53
  So, I think we're we're sitting real pretty there.
• 24:58
  It, I would say if anybody even wanted to go out and purchase some of those coins at the market rate today
• 25:04
  that the chances are extremely good that you're going to get a real nice return on that,
• 25:09
  okay? So, those of us who participated,
• 25:12
  couple of us bellied up to the bar pretty good on this.
• 25:16
  I went out and scraped up everything I could scrape up to throw at it and has been part of my problem ever since, actually.
• 25:24
  Financially speaking, cash flow speaking.
• 25:27
  But there's some other of our listeners that
• 25:31
  put a pretty big wager in there in the middle of that pool,
• 25:34
  and I think we're all going to be
• 25:38
  very glad we did. You've got a little smidgen in there, Robert, because I did it for you and I'm holding it for you. So,
• 25:45
  in essence,
• 25:46
  your little your little investment that you could afford at the time is worth six times what it you put in. That's pretty good for a year. Little over. Yeah.
• 25:57
  Beat the street. Beats the street.
• 26:00
  So, that carrot bars is is carrot bars is solid and has a very bright future and
• 26:06
  there's a lot going on over there right now. I'm kind of guilty and I would
• 26:11
  take full responsibility
• 26:13
  for not sitting in on some of these calls and
• 26:17
  being able to stay on top of what's going on so I can inform the audience because there's some people that aren't involved in this that may want to be. And I'll try and do a little better on that, but Carrotbars has got their phone out now.
• 26:29
  If it's not out now, it's about to be out,
• 26:32
  and they've got the world's only dual blockchain.
• 26:36
  They don't have just a blockchain, they've a dual blockchain,
• 26:39
  and it's embedded in that and
• 26:42
  it gives you all kinds of privacy. Everybody's worried about privacy and stuff these days or some people are. And we should be. Well, yeah, you should be really, but this takes total care of that, okay?
• 26:55
  Evidently, from what I've heard at this point and
• 26:58
  I'll try and get a little more plugged in as we go forward
• 27:01
  with that because I think it's I know it's a solid company. There's no question about that and I know they're good people. I've I've met them personally and hung around with them and I've been working with them for
• 27:13
  I guess I got involved in in thirteen,
• 27:18
  twenty thirteen.
• 27:19
  So,
• 27:20
  what's that about six years? Okay. Just about this time of year actually.
• 27:26
  Great company, okay? Carrot Bit Club Network, same thing. Been around over five years, solid as a rock of Gibraltar and
• 27:36
  with
• 27:37
  a medium Bitcoin
• 27:38
  and some of the alt coins
• 27:40
  that are going to become very important as we go forward.
• 27:47
  Unknown: Yes.
• 27:48
  Yes.
• 27:49
  And what And I want... And I'm in... Involved in in in Big Club Network, and I think it's incredible, and then it
• 27:57
  is definitely doable for just about anybody. You just gotta work hard, gotta bust your ass. Takes a little bit.
• 28:03
  Unknown: It's not
• 28:04
  a slick, flashy program. It's a
• 28:09
  complex, in many respects,
• 28:12
  unsexy program,
• 28:14
  okay?
• 28:15
  And and it's it takes work and Robert's exactly right. It does that. It takes a little patience, you know, and but it the future is going to be a big pay off for that. I don't know of anywhere else.
• 28:28
  I signed up somebody yesterday,
• 28:30
  okay? One of our listeners. Oh, cool. And
• 28:33
  he's got grandchildren and
• 28:35
  I said, you know, there's I don't know of any other vehicle
• 28:39
  where you could put for one of your grandchildren,
• 28:42
  you could go ahead and put $600
• 28:45
  in, dollars 100 membership and buy them a $500 mining pool and go in and set that baby on 100%
• 28:52
  repurchase in the back office and
• 28:55
  possibly take care of them financially,
• 28:58
  maybe partially or wholly the rest of their lives. I don't know of anywhere else you can do that.
• 29:07
  Unknown: That'd be a good buy in, that's a good way to spend $500 absolutely.
• 29:11
  Unknown: I mean, yeah, a little bit that's mined on a daily basis at this point.
• 29:16
  You know, like John says, they work on seven decimal points cause you can break a Bitcoin down to a millionth. You can only break a dollar down to a hundredth,
• 29:24
  okay?
• 29:25
  And so, the little bit that you see coming back on a daily basis in your mining activity
• 29:31
  when Bitcoin's
• 29:33
  especially when Bitcoin's $3,000
• 29:35
  a day, that ain't very much.
• 29:38
  But when Bitcoin gets up to be $100,000 $250,000
• 29:42
  and $500,000
• 29:44
  a day, you'll probably be able to easily live on that.
• 29:49
  Unknown: I could.
• 29:50
  Unknown: Okay.
• 29:51
  And maybe even better yet, you might could even live or
• 29:55
  at least supplant what you've already got going for you financially
• 29:59
  on maybe even half or 30% of that, which means the part goes
• 30:04
  back into repurchase
• 30:06
  and all that does is down the line, you're still going to be
• 30:10
  mining Bitcoin every day
• 30:12
  off that original $500
• 30:14
  I mean, that's an incredible situation, man, really.
• 30:19
  Unknown: Mhmm.
• 30:21
  It is. It is.
• 30:24
  Now let's go It's work and sacrifice, but it's worth it. It it is. You know?
• 30:30
  Unknown: This life, you you make the best decisions you can for down the road, okay?
• 30:36
  And
• 30:37
  as
• 30:38
  Doctor. Schlesinger said so many years ago that stuck with me, we're all where we are
• 30:44
  because of choices we've made.
• 30:47
  Unknown: Agree.
• 30:48
  Laura Schlesinger?
• 30:49
  Unknown: Laura Schlesinger, Doctor Schlesinger.
• 30:52
  Gotcha. Did you ever listen to her? She had a pretty good show even though she married a Jew, she's got a pretty good head on her shoulders otherwise,
• 30:59
  I guess.
• 31:03
  Yeah, did once in a while. Wasn't a big fan, didn't really follow her that much, but I definitely listened to her shows here and there. Well, when she was real popular there at first and they had her on in the daytime, and then she started making so much sense, they stuck her on in the middle of the night.
• 31:20
  We love you, but we just don't want anybody to a problem already there. We don't want anybody to hear what you gotta say.
• 31:28
  Unknown: Yeah, that's one way to do it, put you in a weird time slot.
• 31:32
  Unknown: We still honor our contract, we're just going to screw you to the wall.
• 31:36
  Now what I think is going to go on in the gold market,
• 31:39
  we talked about it here recently,
• 31:42
  is
• 31:43
  basal three.
• 31:46
  And I understand a lot of this financial stuff is confusing, people don't go in. I've tried to study it for many years
• 31:54
  because
• 31:55
  what I realized early on, Robert, you being out there in Nevada, this is maybe an appropriate metaphor,
• 32:03
  is that the financial horse, Old Paint,
• 32:08
  that was the horse these guys rode into town on,
• 32:12
  And
• 32:13
  I guarantee you, it's the horse they plan on riding out of town on.
• 32:21
  Okay?
• 32:22
  Old Paint,
• 32:25
  gold horse, okay?
• 32:27
  And so, Basil three, let's just give some background for the people that may not know this. It's very instructive.
• 32:34
  If you read my book, you
• 32:37
  saw some quotes in there from Congressman Lewis T. McFadden
• 32:41
  on the bankruptcy of The United States and stuff. He was a great statesman.
• 32:46
  Probably one of the better that our country's ever produced, especially in times of crisis. Yeah. Okay? And in
• 32:54
  that book that those
• 32:56
  excerpts were pulled from is one
• 32:59
  of the most valuable books. I've still got it with me. I've taken it all over the world, okay?
• 33:04
  And it's
• 33:05
  a white cover book and it's called The Collective Speeches of Congressman
• 33:10
  Lewis T. McFadden.
• 33:13
  And there's 31 speeches in there from 1931
• 33:16
  to 1933,
• 33:19
  and from the floor of the House. Back in those days, they didn't do special orders where you see your congressman
• 33:24
  sitting there talking to you and there's nobody behind him.
• 33:28
  Are special
• 33:29
  orders
• 33:30
  and they can go in there and do that for their constituents. Now, they didn't have that back in the 30s
• 33:35
  and when he got up and talked, he was talking to the entire House of Representatives
• 33:40
  because you can see in the speeches that they've got exerted that there's applause and stuff.
• 33:46
  You know, they note it,
• 33:48
  alright?
• 33:49
  And
• 33:50
  McFadden
• 33:51
  was a banker
• 33:52
  before he got into politics. He'd worked his way up from empty in paper cans to the president of the bank and spent his whole career
• 34:00
  in banking there in Pennsylvania with the district he was from and then he got elected to congress. So, therefore, he was put almost as soon as he was elected and got to to congress. He was put in the head as the head of a committee. They used to have the House Banking Committee. They don't have it anymore.
• 34:19
  And he was the head of that from about 1919
• 34:24
  thereabouts.
• 34:25
  Robert must have gotten knocked off and he's calling us back, about 1919
• 34:30
  thereabouts
• 34:32
  up until the fourth attempt to kill him, which succeeded,
• 34:36
  okay.
• 34:38
  And in that book of those 31 speeches,
• 34:41
  he goes over so
• 34:43
  much in-depth stuff from a banker professional's
• 34:46
  point of view, and then a politician knowing how the political system worked, and it's a great read if you can get through it. First of all, if you can find it and secondly, if you can get through it because a lot of it's very complex and I read it when I first got into this twenty seven, twenty eight years ago, alright? I haven't read it since. I probably should
• 35:05
  but part of
• 35:07
  one of the speeches in there talks about when they were setting up the entire Bank of International Settlements
• 35:13
  and what they planned to do with it,
• 35:16
  okay?
• 35:17
  So they were doing that back when he was involved in this in the early 30s,
• 35:22
  right?
• 35:23
  And so the Bank of International
• 35:25
  Settlements, it's called the BIS,
• 35:28
  you hear some people refer to it as the BIS,
• 35:31
  which I think is
• 35:33
  quite unfair to listeners,
• 35:35
  okay, the Bank of International
• 35:37
  Settlements is the central bankers' bank.
• 35:44
  It's in Basel,
• 35:45
  Switzerland.
• 35:47
  It is on a piece of ground
• 35:49
  that is comparable to the Vatican,
• 35:52
  to the City Of London, and to Washington DC.
• 35:55
  The Swiss government has no jurisdiction
• 35:58
  on the land or the building or the contents or the people that work at the BIS. Did you know that, Robert?
• 36:05
  I had no idea. Is the thing though. The Swiss government cannot You the information? No. You're in the shower.
• 36:18
  Unknown: Being the wordologist
• 36:20
  Unknown: that I have morphed into along with mister... Yeah. But are you clean? Are you are you squeaky clean before you tell us this?
• 36:30
  Unknown: Well, I'm pretty squeaky clean, and my garments are fairly clean this morning, so I'm... Can speak with a certain amount of,
• 36:37
  I don't know what to call it, credulity.
• 36:39
  My
• 36:40
  contention
• 36:41
  is that the word term Switzerland is a misnomer.
• 36:45
  It's actually Svietsarland,
• 36:47
  s v I, with the six point star bar chamber of state, and who set up that group.
• 36:52
  And that we've been all been deceived to believe it's Switzerland because there is no w in the Germanic
• 36:59
  terms,
• 36:59
  if you will, lingerage,
• 37:01
  the rage of the tongue.
• 37:03
  And so when we understand these global korban kings, kings of Korban,
• 37:09
  bankings,
• 37:10
  has set this whole scheme up.
• 37:13
  In fact, the DIS is a buy of ISIS,
• 37:16
  two faces of ISIS with Janus, if you will,
• 37:20
  is for the double bank. And, of course, we know these people are trusted agitators,
• 37:25
  magically manipulators of the miracle of banking, a mortgage death pledge.
• 37:31
  And so it's a really convoluted situation they put out to deceive the world, and they've done a pretty fine job of it.
• 37:38
  Unknown: They have. You know what makes Switzerland Switzerland so different from virtually every other country in the world?
• 37:45
  Unknown: They rarely fight wars.
• 37:48
  Unknown: They do that. They're... They rarely fight wars because very few people wanna fight them
• 37:53
  because they got the high ground and they're armed to the teeth and everybody 40
• 37:58
  has to have a gun, an automatic rifle, and be trained in it. Do you know that Switzerland gives their citizens it's either subsidized
• 38:06
  or free ammunition.
• 38:08
  Did you know that?
• 38:09
  Unknown: In fact, we're we're at the UN this week trying to figure... Or the... Wherever their combat is, trying to figure out how to get them to voluntarily give up their guns so they can be taken over by the globalist too. Well, I guarantee you that ain't gonna happen and I'm gonna tell you why in a second. But they give them free ammunition or subsidized ammunition. You know why, Robert? Chris?
• 38:30
  Unknown: You know why?
• 38:33
  So
• 38:34
  they'll go out and practice and be proficient.
• 38:37
  Unknown: That's
• 38:39
  Unknown: good thinking. Okay. That's forward thinking. What makes Switzerland different from virtually every other country on the globe? There may be a couple others. I don't think any of them have this. I heard of watching a video on it the other day actually. It's the reason I'm up on it a bit.
• 38:53
  They've got the referendum system in Switzerland.
• 38:57
  You may not know what that means,
• 39:00
  but that means that... And they've got the
• 39:02
  ceiling very low.
• 39:04
  If they pass
• 39:06
  a referendum
• 39:08
  around the country and 100,000
• 39:10
  people
• 39:12
  sign it, it's got to be in the next election.
• 39:19
  If they wanna
• 39:20
  pass a
• 39:22
  mandate, a a mandate from the people then. We don't have to do it, but it's at least gotta be considered and put up for a vote.
• 39:29
  Okay, that's pretty important. What
• 39:33
  kind of changes would we have seen in our country if we'd have a vehicle like that?
• 39:38
  Unknown: Several.
• 39:41
  Unknown: So that's one of the unique things about Switzerland why they're probably going to stay free. They could probably pass a referendum to kick the BIS out of the country and they might get 100 public people to sign it and they put it on the next election ballot and they may not get the amount of vote to kick em out but they've got the question voted on,
• 40:01
  okay? That's really important but let's go back to the BIS here because this is I think this is for
• 40:08
  many years of study and knowing your enemy and knowing the subject matter, you can kind of extrapolate answers,
• 40:15
  okay, and I think that this is a big answer here.
• 40:19
  The
• 40:20
  BIS, the Bank of International
• 40:22
  Settlements there,
• 40:23
  they not only control all the central banks in the world, that's including Russia and China and everybody else, okay?
• 40:31
  Do you know what else they control, Robert?
• 40:36
  You got me there. All of the markets in the world,
• 40:41
  stock markets, futures markets,
• 40:43
  Unknown: all those markets. Like the New York Stock Exchange?
• 40:46
  Yeah, like that. They
• 40:48
  Unknown: set the rules for the markets all over the world.
• 40:52
  This all comes out of this one round building over there in Basel, Switzerland called the Bank of International Settlements,
• 40:59
  okay? Uh-huh. Now, here a couple of
• 41:03
  months ago, it was a while back actually,
• 41:05
  they passed what's called the Basel III Accords.
• 41:11
  Basel III, Basel like the town they're in, and one of the things that the Basel III Accords
• 41:18
  did, and this is passed out to central banks and banks,
• 41:22
  is
• 41:23
  the banks evidently are structured in a three tier asset system,
• 41:28
  okay,
• 41:29
  first
• 41:30
  tier, second tier, third tier.
• 41:32
  So if they go out and buy assets
• 41:35
  in the first tier,
• 41:37
  which would be cash,
• 41:39
  bonds,
• 41:40
  stocks,
• 41:41
  paper,
• 41:42
  stuff like that,
• 41:44
  they could say they go out and buy $10,000,000
• 41:46
  worth of it and they got it there in their tier one asset category.
• 41:50
  That means they can take $10,000,000
• 41:52
  worth of value and transfer it to their balance We've
• 41:58
  got $10,000
• 41:59
  worth of value here.
• 42:01
  Now, they go down to a Tier two asset
• 42:04
  and they buy $10,000,000
• 42:06
  worth of another asset, but now they only get to carry 75%
• 42:11
  of the value.
• 42:12
  So if they bought $10,000,000
• 42:14
  of Tier two assets, whatever those may be,
• 42:17
  they could only carry $7,000,000
• 42:19
  $7,500,000
• 42:21
  over and put it on their balance sheet as value.
• 42:25
  Even though they paid $10,000,000
• 42:27
  for it, it only got credited as three quarters of the value on the balance sheet. Wow! And if you went down to tier three,
• 42:36
  you could go buy $10,000,000
• 42:39
  worth of assets and let's just say they went out and bought $10,000,000
• 42:44
  worth of gold.
• 42:46
  And before the Basal III Accords took effect,
• 42:49
  that was only counted as $500,000
• 42:52
  of value on their balance sheet,
• 42:55
  even though it was gold. Okay?
• 42:57
  So what banker
• 42:59
  is going to go out and buy gold when it's a Tier III asset
• 43:04
  and hold it at the bank in the asset pool.
• 43:10
  Because they can only... They're worried about their stock price and all this other stuff, they're not worried about the internal stuff right now, they're worried about the external stuff,
• 43:19
  okay?
• 43:20
  And so, that was a discouragement
• 43:23
  for for bankers to store, own, buy gold.
• 43:27
  That's all it was. I mean, when you look at it and understand it, that's all it was. Is this gold suppression thing? Well, when the Basil III Accords came along and got implemented, I believe March 29, just here a couple months ago,
• 43:41
  now
• 43:42
  gold is a tier one asset.
• 43:46
  There you go. They go buy a million dollars worth and they get to count $10,000,000
• 43:51
  worth on their balance
• 43:54
  sheet. So do you think that was a nice motivating factor for bankers to own gold?
• 44:01
  Yeah, it might have been. Bankers kind of... Let's see if you agree with this statement.
• 44:07
  Bankers pretty well understand the paper money scheme.
• 44:12
  Unknown: Oh, yeah. They should. They're right in the middle of it. They're the progenitors of it, okay?
• 44:18
  Unknown: Uh-huh.
• 44:19
  Alright. So, now, they see all this trouble on the horizon. They do read the financial pages. They deal with this stuff on a day to day basis.
• 44:27
  They do have an understanding of money on both sides,
• 44:31
  and after that,
• 44:35
  and I can tell you personally, and this
• 44:38
  was several years ago because I was still back at the micro effect back then, ex wife number two,
• 44:44
  and remember this guy V the Gorilla Economist that was so hot for a while?
• 44:50
  Unknown: What's the name?
• 44:51
  Unknown: V as in...
• 44:54
  V as in Victor. The gorilla economist?
• 44:58
  No.
• 44:59
  He
• 45:00
  came on the scene and got a lot of attention. He was supposedly a big stockbroker
• 45:04
  and all did international
• 45:06
  stuff and
• 45:07
  there's a lot of question as to whether that was true. It seems like it was somebody that he knew
• 45:13
  that he kind of stole their identity and stuck it out on the radio and stuff. Anyway, I had him on because he joined our group and
• 45:22
  one of the guys got to him and and he got in my group and so we had a little bit of a business relationship there and because of his notoriety at the time, I got him on the radio show and
• 45:33
  now, you know, one of my old friends that I've known for almost thirty years, Robert, is one of the top 20 coin dealers in the world. He was there in Atlanta. Oh, the guy in Georgia? Yeah. Yeah. Listen, my my dear
• 45:45
  friend, David Strait, who had a lot of money to do things like this, had a good relationship with him and that's kind of how I met and got to know him and and his name is Tom Cloud. Alright. I didn't give you his name. He's still around today. And
• 46:00
  I had been talking to Tom about something on the phone and I called him. I said, well, what are you doing? He said, Roger, I'm just busy as just, you know, a dog with two okay?
• 46:12
  And he said, I I I said, what? What? What are you so busy about? You know, and he goes, the price is down and he goes, well, I'm busy with banks.
• 46:24
  Because they're buying gold and they're having trouble sourcing it. So, this was a couple years ago. See, they saw that coming a long time ago and so here it is. Wow. Straight from a major gold dealer whose best friend was the president of the World Gold Council, alright? So, pretty plugged in. Yeah. Okay? And so, Tom is going, well, I'm just, I, he says, Roger, I'm buried with banks. Well, I get on. I got V on the show and he comes on and said, no, banks aren't buying central gold.
• 46:54
  Central banks aren't banks aren't buying gold and I just talked to the gold dealer who tells me he's covered up and I wasn't going to have an argument on the air with him at that point but I just kind of sat back and said, this guy isn't quite what he says he is or else he'd have a better handle on this, okay?
• 47:12
  Exactly. So, they've been buying it for a while knowing what's coming but this basal three accord change at the for a couple months or ago in this year really gave em the green flag, you know, like we just had Indy last week. So, last weekend. So, they got the green flag to go out there. Pardon
• 47:29
  me, Chris?
• 47:31
  Unknown: Controlled
• 47:32
  opposition.
• 47:33
  Unknown: Yeah, man. So, they're out there buying. Well, you wanna know partially why the price of gold is kept so low?
• 47:41
  Unknown: Depression.
• 47:41
  Oppression.
• 47:43
  Unknown: So, first of all, so we don't see the relationship to the paper money scheme cause gold's the canary in the coal mine,
• 47:50
  they don't want it rising in price, because then everybody sells paper and goes and buys it and speculates on it, okay?
• 47:57
  So
• 47:59
  they keep the price down to keep that effect out of the picture, and they suppress the price so they can buy up what remains out there at lower prices.
• 48:09
  Now I'm going to tell you That's a quick thing, Roger. The people okay, let me just finish and your thoughts for a second. Okay. Go ahead. What I believe that they're doing consciously and if you understand this market and these people and these things, you can pretty well read the marijuana leaves here, alright?
• 48:25
  And that is that they're they're
• 48:27
  they're buying
• 48:30
  they're buying gold hand over fist because it's going to be revalued
• 48:34
  overnight in this reset thing coming,
• 48:36
  and that attribution
• 48:39
  in price on the gold side they're buying is going to offset the paper losses that they've been suffering so long,
• 48:47
  and it's one of the only ways the banks can come out of this solvent.
• 48:52
  So I see, and I think all the talk about a reset and all that is totally correct,
• 48:58
  and the fact that one day, don't know when, someday here in the future we're going to go through one of these long three day weekends,
• 49:06
  and when the banks open back up,
• 49:09
  we're going to see gold probably at somewhere
• 49:12
  at least I would think 10 times higher than it is now.
• 49:17
  There's
• 49:19
  no other reason that the Bank Bank of International Settlements would have run-in the Basel III Accord
• 49:25
  and told bankers that gold's now a Tier one asset.
• 49:29
  What other purpose could they have possibly served
• 49:33
  by doing that
• 49:35
  except to set the banks up for this reset
• 49:37
  where they can take the profits and the goal that they allow it finally to find a free market value to offset the losses
• 49:46
  in the paper.
• 49:48
  And that's what I think is coming, and that's why Carrot Bars is such a good play.
• 49:53
  Robert, you had two things you wanted to say a second ago, I hope you still remember. Yeah, two quick things while
• 49:59
  Unknown: you were talking.
• 50:00
  Number one, I I went on Amazon and found that book by McFadden. It's a $185
• 50:04
  Unknown: of poachy little Holy smokes. You're kidding me.
• 50:08
  Unknown: Oh, yeah. No. The other thing is I got a text message from my buddy
• 50:12
  that says Stuart Varney on Fox Business is having a Bitcoin spokesman on at $8,700
• 50:18
  and going to 10,000
• 50:20
  plus soon.
• 50:22
  Unknown: Agreed.
• 50:24
  Unknown: Yeah. That's what I told him. I said, I think I agree.
• 50:26
  Unknown: I... I'll be shocked. I mean, you know, sitting here at the end of May,
• 50:30
  I'll be shocked if Bitcoin in at least $20,000
• 50:33
  a coin by the end of this year,
• 50:36
  and it may be higher than that.
• 50:39
  Unknown: Think I'm right there with you. This is common. And we can kill a halving next year.
• 50:44
  Unknown: Oh yeah, man, and as you get into next year or next spring,
• 50:48
  as we approach the halving, and maybe I should go back and tell
• 50:52
  everybody in the audience what that is because some of these people don't understand this stuff.
• 51:00
  The new head article on Zero Hedge, here's Darrell, let me bring him in, I gotta do two or three things at one time, I feel like an aviator.
• 51:10
  The new
• 51:11
  head story that just popped up on Zero Hedge, A Critical Fibonacci
• 51:18
  Symmetry in the Stock Market.
• 51:20
  So now Daryl's also joined us, but Robert was in the middle of his two questions here,
• 51:27
  and I think
• 51:28
  $185
• 51:30
  for that. I used, I got that book out of Omni
• 51:33
  Christian Bookstore.
• 51:35
  I believe there's there's still around Omni Christian Bookstore
• 51:39
  and it had been out of print for a while and a few years back, they put it in print because a listener wrote me and told me they'd purchased it.
• 51:47
  That is an excellent book and I don't know where you can get any kind of background actual events at the time from somebody with that much knowledge, understanding
• 51:58
  that he imputed in there and find out exactly what happened in those times as
• 52:04
  the source Lewis T. McFadden,
• 52:06
  in all honesty.
• 52:10
  Your other question, I'm going to see what Darryl's got to input here.
• 52:13
  You... You had another point Robert?
• 52:18
  Or did you forget it?
• 52:21
  Are we still talking?
• 52:24
  Is Robert still with us? Hell, I keep asking all these questions. Daryl, are you with us?
• 52:30
  Unknown: Yeah. I hear you. Okay. Fantastic.
• 52:32
  Unknown: Good. At least I get some response.
• 52:34
  Man, I never know with all this stuff, you know? Let's see. It must have dropped Robert, and he's calling back in there. That's why he didn't answer. Robert, did you have a second part of your question that you can remember?
• 52:46
  Unknown: Sorry about that, Roger. My Skype connection went down. Just the two points of the McFadden book and then the Bitcoin guy on Oh, okay. That was Okay. Well, those are good... Both valid points. A $185.
• 52:59
  Unknown: Yikes.
• 53:01
  Yeah. You better hang on to your book. Oh, and, I I don't... I would never let that book get too far out of my possession in all honesty. It's one of those things I carry with me. That's how valuable I consider that information. Don't don't go back and touch it too much but it it is a valuable resource if you can get your hands on one. Hey, Darryl.
• 53:21
  Unknown: Yeah. Good morning, everybody.
• 53:24
  Morning. You're you're...
• 53:26
  Robert,
• 53:27
  nice to hear you.
• 53:29
  Your your conversation
• 53:30
  about gold is is interesting.
• 53:34
  I finished
• 53:36
  Alexander Delmar's
• 53:38
  book
• 53:39
  here a couple days ago,
• 53:42
  his book on monetary crimes
• 53:44
  written in 1898.
• 53:48
  And
• 53:50
  it's really interesting because he was a economic
• 53:53
  badass of his time,
• 53:56
  and
• 53:57
  many of his lessons are still valuable now.
• 54:01
  And some people don't know the lessons that he learned or taught.
• 54:07
  Anyway,
• 54:09
  after reading after reading his information,
• 54:14
  and I'm listening to your conversation,
• 54:17
  and he was talking
• 54:19
  about
• 54:20
  the price of gold and silver
• 54:22
  in the late eighteen hundreds. This is during the time of the decline of the British Empire
• 54:28
  and the ratio of coins
• 54:31
  and...
• 54:32
  To silver to gold.
• 54:34
  Okay. So that was
• 54:36
  that was a much talked about,
• 54:38
  closely watched
• 54:40
  aspect of the value of hard money was that ratio of silver to gold.
• 54:47
  And
• 54:49
  so
• 54:50
  he makes the point
• 54:53
  in an academic setting
• 54:56
  that...
• 54:58
  And he was he was countering or debating with a a
• 55:04
  British
• 55:05
  London...
• 55:06
  City of London,
• 55:09
  economist,
• 55:11
  and rebutting this economist when this economist said that
• 55:17
  how the price of gold was determined and valued.
• 55:21
  And Alexander Delmar basically
• 55:23
  gets up, I'll give you the short version, and says,
• 55:26
  you have absolutely no idea what the value of gold
• 55:30
  or for that matter silver is.
• 55:33
  And and,
• 55:35
  well, he says, we can determine that by the by the price of how was the cost of mining and how it comes out of the ground.
• 55:44
  And Alexander laughed at him and and
• 55:47
  said, well, how do you how do you value the price of gold that the
• 55:53
  the English
• 55:55
  stole from Spain
• 55:57
  who stole it from the Indians? I said, what was the price of... What was the... He says to me, he goes, what was the price of extracting that out of the ground?
• 56:07
  And so there was a lot of laughter in the room at that point because
• 56:11
  Yeah.
• 56:12
  Actually,
• 56:13
  the majority the majority of the gold...
• 56:16
  And
• 56:17
  I don't know what the
• 56:19
  what the percentages would be now at this, you know, a hundred years... Over a hundred years later.
• 56:24
  But at that time, the majority of the gold that was out of the ground and was in the possession of
• 56:29
  the Bank of England or or whoever had it was mostly stolen.
• 56:35
  Unknown: Okay.
• 56:36
  And and a whole Stolen.
• 56:37
  And a whole bunch of that necessarily
• 56:39
  did not end up in their vaults
• 56:42
  because a lot of that is archaeological
• 56:44
  stuff and historical treasures and is sitting in museums
• 56:49
  all over the world in private collections,
• 56:52
  and it's never
• 56:53
  ever gonna be melted down.
• 56:58
  Unknown: Well, I mean, I'm sure there is a definite percentage of that.
• 57:03
  Unknown: They say, Darryl That's a definite aspect. They say as much I've I've seen figures as much as 50%.
• 57:11
  Unknown: Yeah.
• 57:14
  Well, I mean, people people in this day and age don't really realize,
• 57:19
  have an appreciation
• 57:21
  for the
• 57:22
  historical aspect that the
• 57:25
  the pirates
• 57:27
  were mostly
• 57:30
  from a
• 57:32
  a a British
• 57:34
  letters of mark.
• 57:36
  Yeah.
• 57:36
  And so there was there was any number of different pirates. You had
• 57:41
  you had the...
• 57:43
  Like, they had the Somali pirates. Now you had African pirates and Islamic pirates. But the
• 57:49
  the real operators were the British
• 57:52
  and
• 57:53
  giving out letters of mark
• 57:56
  and raiding the Spanish
• 57:58
  galleons.
• 57:59
  This is one of the fundamental acts that brought Spain to its knees other than the fact they were poorly managed, but
• 58:07
  Unknown: this is what drove them down. Do you know And Daryl, when they started bringing back those ships from this continent that I live in,
• 58:18
  that there was so much gold in Spain and so much continuing to come from the new ships that came home that it literally caused a gold depression?
• 58:28
  Unknown: Gold
• 58:30
  Unknown: Yeah. I
• 58:31
  I I could see that.
• 58:33
  So
• 58:35
  the the interesting thing about the price of gold and silver and its ratio, which was running
• 58:42
  at the mints at that time between 13 and a half to one
• 58:47
  and
• 58:48
  at the very highest.
• 58:49
  And Spain was paying the highest ratio
• 58:53
  of
• 58:54
  16 to one
• 58:58
  as as far as the gold silver ratio.
• 59:01
  And
• 59:04
  the the argument at the time was, well, how do you value it?
• 59:08
  Okay?
• 59:09
  And and so the argument was between, well, we don't really know what the price is to... It's the cost of what brings it out of the ground and the work. Okay. You hear this argument
• 59:20
  even to this day.
• 59:22
  Okay. So that's that's all very interesting history,
• 59:26
  and I'm listening to you talk.
• 59:29
  And
• 59:30
  so what is the price of
• 59:33
  gold and silver now? What are... What do we hear a lot of people talking about now? They're talking
• 59:38
  whoever they are about the depressed prices of gold and silver,
• 59:43
  and these prices
• 59:45
  are about at what it
• 59:48
  costs to bring it out of the ground. Don't we hear that a lot? Yeah, you got a bunch of pretty big mining outfits that
• 59:54
  Unknown: are suspending operations
• 59:56
  because it costs more to get it out of the ground and refine it than
• 59:59
  they can sell it for.
• 1:00:01
  Big problem right now.
• 1:00:04
  Unknown: Yeah.
• 1:00:06
  So so anyway,
• 1:00:09
  then
• 1:00:10
  then with that in mind,
• 1:00:13
  if if we were to take that as a baseline
• 1:00:17
  and say, well, okay.
• 1:00:19
  Basically, the prices have been stagnated
• 1:00:22
  at the price... At the cost of production
• 1:00:25
  Unknown: Right.
• 1:00:28
  Unknown: Then
• 1:00:29
  what are they...
• 1:00:31
  What value are they? They're just they're just
• 1:00:35
  a commodity like any other like any other metal.
• 1:00:39
  Alright?
• 1:00:40
  So
• 1:00:43
  at that point,
• 1:00:45
  now with what you're talking about, which I I agree with,
• 1:00:50
  when they
• 1:00:52
  buy it at this price
• 1:00:55
  and then
• 1:00:57
  when you call it the reset,
• 1:00:58
  they're recolateralizing
• 1:01:00
  it
• 1:01:01
  Unknown: to cover all the debt money. That's exactly what they're gonna do. It's
• 1:01:05
  their only way out. And...
• 1:01:09
  Unknown: But here's the interesting thing. Here's the interesting thing. There's there's... And then it goes to the next... Then you shift into the next gear. K? Okay. So let's say that... And I agree. There's this... We'll call it the reset. The reset comes along.
• 1:01:23
  They re collateralized
• 1:01:25
  gold to cover the outstanding debts
• 1:01:28
  with all... Everything that you just said.
• 1:01:31
  But what happens to your relationship
• 1:01:34
  to that
• 1:01:35
  that hard money now?
• 1:01:37
  Okay? You're still gonna be operating under usury.
• 1:01:41
  And the people of the people of
• 1:01:45
  the time, you know, you're you're still gonna... They're still gonna keep their
• 1:01:49
  collateralized
• 1:01:50
  dead asset, which is you,
• 1:01:52
  and
• 1:01:53
  they're gonna have the gold.
• 1:01:57
  Unknown: Alright. You know, the So Williams Jennings Bryant famous speech.
• 1:02:03
  You will not crucify
• 1:02:05
  us on this cross of gold.
• 1:02:10
  That almost got him propelled into the presidency.
• 1:02:17
  Why? Well, that was. Because they'd taken away silver silver,
• 1:02:22
  and if you've just got one of the standards, it can be manipulated.
• 1:02:27
  The silver was the poor man's gold because poor man couldn't afford gold at any
• 1:02:33
  significance
• 1:02:34
  at that time, but they could afford silver.
• 1:02:37
  Robert,
• 1:02:38
  there was a mine right out there where you live called the Comstock
• 1:02:42
  Lode
• 1:02:43
  that is the single largest
• 1:02:46
  reservoir reservoir of silver I believe ever found in history,
• 1:02:51
  and that's what was fueling that
• 1:02:54
  silver
• 1:02:54
  that could make
• 1:02:56
  us a bimetallic
• 1:02:57
  standard,
• 1:02:58
  and Darrell mentioned it the other day in your readings, Does does your guy there refer to the crime of '73?
• 1:03:07
  Unknown: Oh, yeah. Absolutely.
• 1:03:09
  And and it refers to it refers to the Comstock
• 1:03:13
  as as being the single largest...
• 1:03:15
  Well, it actually depreciated
• 1:03:17
  the the values
• 1:03:20
  worldwide because it was such a large deposit.
• 1:03:23
  And
• 1:03:25
  so
• 1:03:26
  the What was the price? The the reason the reason that Williams Jenner Bryant made that speech because
• 1:03:34
  prior
• 1:03:36
  to him making that speech in the decades before that,
• 1:03:39
  silver having been plentiful, there was there was
• 1:03:43
  money to pay. Yes. Okay? And people could
• 1:03:47
  do business and commerce.
• 1:03:49
  They had a... They had an expanded money supply. That's what the Comstock did too is it expanded the money supply. Correct. And and
• 1:03:58
  could have very probably caused inflation.
• 1:04:02
  Now the the US Treasury's
• 1:04:05
  MIP policy
• 1:04:07
  during that period of time was such that
• 1:04:11
  after the after the election of eighteen sixty eight, by the way,
• 1:04:16
  with Grant coming in,
• 1:04:19
  the
• 1:04:20
  Ulysses,
• 1:04:21
  I'm a I'm a drunk Grant came in. And
• 1:04:25
  the
• 1:04:26
  the...
• 1:04:27
  And a war criminal, throwing the top of it.
• 1:04:33
  It's... I don't know if they had pornography there or not. Maybe they did. Oh, they did. But anyway...
• 1:04:39
  Okay. So
• 1:04:43
  the
• 1:04:45
  the policy of US grants treasury
• 1:04:48
  and the mint right after the election
• 1:04:52
  was
• 1:04:54
  to adopt
• 1:04:56
  without congressional
• 1:04:59
  ratification
• 1:05:03
  England's
• 1:05:05
  silver mint policy,
• 1:05:09
  which was a crime in and of itself.
• 1:05:12
  And
• 1:05:13
  that's when they started that's when they started
• 1:05:17
  cutting back
• 1:05:18
  on the production
• 1:05:19
  of silver in this country because after that point, it had been plentiful.
• 1:05:23
  And this was an artificial crisis
• 1:05:25
  created by
• 1:05:27
  London
• 1:05:28
  bankers
• 1:05:29
  Unknown: or the Bank of England. Who now had total... Who had who had pretty good control in 1868.
• 1:05:38
  Unknown: And so...... '73.
• 1:05:40
  Unknown: But what... Well, we'll get to that, Robert. We'll get to it because this all leads up Okay? To
• 1:05:44
  Go ahead, Daryl.
• 1:05:48
  Unknown: So
• 1:05:50
  the
• 1:05:51
  the point is
• 1:05:55
  they they were manipulating
• 1:05:57
  they were manipulating the currency market
• 1:06:00
  in order to cause
• 1:06:02
  what I've drawn from in my reading
• 1:06:05
  and
• 1:06:07
  a lot of reading is to cause a financial
• 1:06:11
  a financial collapse
• 1:06:14
  or a stress a stress in the American market,
• 1:06:18
  which would then be a precursor
• 1:06:21
  to what they wanted to do
• 1:06:23
  with notes
• 1:06:25
  later.
• 1:06:27
  And
• 1:06:29
  so
• 1:06:31
  Unknown: I'll just kinda leave it Well, let me leave it at that. Let me take... Let me pick up a couple of points that I... That came to me while you're talking. For one thing, the Mint's policy back then, Robert, if you'd gone out there between breaks at work and
• 1:06:45
  stumbled on a big gold nugget out there in the Reno, Nevada area,
• 1:06:50
  all you had to do was take it to the mint in San Francisco which was operating, I believe, at that time and they would have mint and taken your gold,
• 1:06:59
  refined it down,
• 1:07:01
  produced a couple of gold eagles for you, and handed them to you.
• 1:07:08
  You could get the mint to
• 1:07:10
  actually put into coinage your mining proceeds.
• 1:07:16
  Unknown: Wow. Okay.
• 1:07:17
  Unknown: So that's one thing that's kind of important that people usually don't know. The crime of '73,
• 1:07:23
  as I remember reading about it years ago,
• 1:07:26
  was when they
• 1:07:28
  demonetized
• 1:07:30
  silver on the sneak.
• 1:07:32
  They went in and got a piece of legislation
• 1:07:35
  passed in congress.
• 1:07:36
  It got signed by the President,
• 1:07:39
  and before it got put into the law books,
• 1:07:42
  they went in and changed a word or two that totally changed the whole meaning of the legislation
• 1:07:47
  from what it was intended to do, and that got put into the law books, and all of a sudden silver was demonetized.
• 1:07:56
  You've just got...
• 1:07:58
  It wasn't accepted for payment of debts, I guess, it wasn't legal tender, but they demonetized
• 1:08:02
  it, so now
• 1:08:04
  you've got just a single metallic
• 1:08:07
  standard, the gold standard and just a couple of decades
• 1:08:10
  before
• 1:08:11
  before I see if Roberts if Darryl this guy mentioned this in your book,
• 1:08:17
  Jay Gould, a Jew named Jay Gould, had cornered literally the gold market up there in New York and the gold exchange at that time, and that's what people were freaked out about because they took the silver out of the picture and now they can go in and totally manipulate the gold market again. So that's what the big freak out was. It's called the crime of '73.
• 1:08:44
  Unknown: Yeah.
• 1:08:45
  Well, yeah.
• 1:08:46
  This this...
• 1:08:48
  Unknown: Go ahead. No. You go ahead. Nobody was talking.
• 1:08:52
  Unknown: Okay. Well Alright. So
• 1:08:54
  the... This... The demonetization
• 1:08:57
  of silver
• 1:08:59
  in the legislation between 1868
• 1:09:02
  and '8...
• 1:09:03
  1874,
• 1:09:05
  this didn't all happen just overnight. It... There was a a series...
• 1:09:10
  I I know you'll you'll find this amazing. We've never heard of this before, but they they did a series of steps
• 1:09:17
  to to get
• 1:09:20
  to to
• 1:09:21
  get all the balls lined up in the corner of pocket, so to speak, if you're a pool shooter. And
• 1:09:28
  and so
• 1:09:29
  they...
• 1:09:30
  Incredible. The
• 1:09:33
  the the demonetization
• 1:09:34
  of silver,
• 1:09:36
  coined and uncoined, was completed in June
• 1:09:39
  1874.
• 1:09:41
  And they revised the statutes, and the silver coins of The United States shall be legal tender at their nominal value for not any...
• 1:09:50
  For any amount not exceeding $5 in any one payment.
• 1:09:55
  So
• 1:09:58
  I don't know if they completely demonetized
• 1:10:01
  it, but they they made it pretty
• 1:10:03
  pretty inefficient
• 1:10:05
  to
• 1:10:07
  use any... Make any large payments with it. Now
• 1:10:11
  the the interesting thing was,
• 1:10:15
  which is associated with the crime of
• 1:10:18
  1873,
• 1:10:20
  this currency and money manipulation
• 1:10:25
  is that it went back to the civil war era
• 1:10:29
  five twenty bonds. And the five twenty bonds were what The
• 1:10:33
  US
• 1:10:34
  corporate...
• 1:10:36
  Tyrant government at Lincoln floated
• 1:10:39
  in order to pay
• 1:10:41
  for the war.
• 1:10:43
  And they were to be paid back
• 1:10:46
  in
• 1:10:48
  greenbacks,
• 1:10:49
  more fiat money.
• 1:10:52
  And
• 1:10:53
  after Lincoln was assassinated and murdered,
• 1:10:57
  is that redundant?
• 1:10:58
  And then
• 1:11:01
  after...
• 1:11:02
  Once again, Ulysses on the drug grant selection,
• 1:11:05
  it passed legislation that they would be paid back
• 1:11:09
  they would be paid back
• 1:11:11
  in
• 1:11:12
  hard money,
• 1:11:15
  silver and gold,
• 1:11:17
  which
• 1:11:18
  basically
• 1:11:19
  doubled the value of the bonds.
• 1:11:23
  The return on the investment of the of the bonds to the investors was... Basically came out to be double.
• 1:11:30
  And because all that and all that silver and gold left the
• 1:11:35
  the... Most of it, for the most part, left The United States because the investors in that... I know you have a hard time believing this, but most of the investors that that invested in the civil war... This is what this was. They were investing in the civil war
• 1:11:51
  for the purpose of making money.
• 1:11:54
  And
• 1:11:56
  through
• 1:11:57
  unscrupulous
• 1:11:58
  legislation,
• 1:11:59
  oh my, when does that ever happen?
• 1:12:01
  They were able to double their proceeds
• 1:12:04
  or double their profits on the repayment of the bonds and hard money. So
• 1:12:11
  this is...
• 1:12:12
  So what does this got to do with them? Well, I I just I just wanted to kinda draw that out a little bit that
• 1:12:20
  you can buy you can buy silver and gold now at production prices.
• 1:12:25
  And when they recolateralize
• 1:12:26
  it to cover their fiat money,
• 1:12:30
  you can you can ride that or at least Yeah. You know, if you wanna speculate or you can retain your purchasing power in the future.
• 1:12:38
  And that's... I see this as as just a fire insurance, monetary fire insurance. That's what it is. I mean, I can tell you personally
• 1:12:46
  Unknown: back when I was in my big cash flow days and I had this knowledge and understanding
• 1:12:51
  and I had the
• 1:12:53
  wherewithal at the time and the intelligence and the foresight to put almost all that I could take out of that cash flow
• 1:13:00
  and stick it into gold.
• 1:13:02
  And so I bought all of my gold, really,
• 1:13:06
  for the most part back before
• 1:13:08
  and around what they term Brown's Bottom.
• 1:13:11
  Now,
• 1:13:12
  I distinctly remember a few of those purchases, okay,
• 1:13:16
  and I can tell you the first slug of gold I bought
• 1:13:20
  was from the proceeds I had left that the IRS did not steal at my house closing,
• 1:13:26
  okay?
• 1:13:27
  I had a few thousand dollars hanging around and I, the day that I purchased gold with the most of that money was the day that Bill Clinton was impeached in the House of Representatives,
• 1:13:40
  and I remember it distinctly because the the price of gold was at $300
• 1:13:46
  on the nose.
• 1:13:48
  No sense, no nothing, dollars 300,
• 1:13:51
  okay? And I bought $10.00
• 1:13:53
  worth of it that day,
• 1:13:55
  alright? Damn. And and now today. Yeah. Which I've still been able to frugally sit on most of that all these years. That's why we can do this stuff we're doing, and I'm not charging you and begging you people for money
• 1:14:08
  all the time.
• 1:14:09
  And now that gold that was purchased at $300
• 1:14:13
  is, I could check the chart, but it's right under $1,300
• 1:14:17
  in
• 1:14:18
  a suppression environment
• 1:14:20
  now.
• 1:14:21
  So you want to know how much paper they've put out since 2000, Robert?
• 1:14:27
  400. How much? About 400 percent.
• 1:14:32
  Unknown: Wow.
• 1:14:33
  Unknown: That we know of. We know of. Yeah. That we know of. Can I add a little color to this conversation? Sure, Chris. Come on.
• 1:14:42
  Well, speaking of Brown's bottom metaphorically,
• 1:14:46
  that was the auction
• 1:14:48
  to his
• 1:14:50
  Middle Eastern or European banking buddies,
• 1:14:53
  those
• 1:14:54
  bond
• 1:14:55
  if you will,
• 1:14:56
  of the gold they had stole from America under FDR's emergency banking act of 1933.
• 1:15:02
  A lot of that. And what was significant
• 1:15:04
  what was significant about that
• 1:15:07
  was that he sold it at a
• 1:15:09
  low
• 1:15:10
  bid auction.
• 1:15:13
  Now I can tell you that is not a normal or usual,
• 1:15:17
  but in fact, a very special
• 1:15:20
  and
• 1:15:21
  curious
• 1:15:22
  form of auction because most auctions
• 1:15:25
  Unknown: Go ahead, Chris. I'm sorry to interrupt. I did. Go for it. Well, you got And the only other You're cutting out a little bit is the reason and and, of course, we can't duplex and I wanna give you your your your your say here. So go ahead. I'm sorry for interrupting.
• 1:15:39
  Unknown: Well, not a problem at all. This is this is important, so I'm gonna put on my headset and try to ameliorate that situation
• 1:15:46
  quickly as I possibly can, and I'm fast and furiously moving that direction. Well, you moved. I think I have it. Okay. Good. Now enlighten us here.
• 1:15:56
  Okay. In Browns Bottom,
• 1:15:59
  low bid auction,
• 1:16:01
  not the usual
• 1:16:02
  high bid auction to the highest bidder,
• 1:16:05
  sold American as they say.
• 1:16:08
  They sold that gold
• 1:16:10
  to their monkean buddies, and the only other low bid auction that I know of,
• 1:16:17
  and I don't think any other noted in history,
• 1:16:20
  was the auction of Wamu's assets to the only prequalified
• 1:16:25
  selectively
• 1:16:27
  special pick bidder, JP Morgan, for Wamu's assets by Tim TurboTax the snake
• 1:16:34
  Geisner,
• 1:16:35
  Obama's international
• 1:16:37
  globalist school buddy
• 1:16:39
  who pirated Wamu's
• 1:16:41
  assets.
• 1:16:43
  Say again?
• 1:16:44
  Washington Mutual? That's Wamu. Yes. Yes. Wamu. Yes. Washington Mutual. I love And they they sold it for a low bid.
• 1:16:53
  And now this was a special sale
• 1:16:56
  with the FDIC
• 1:16:58
  acting as the fence. They called it a
• 1:17:02
  resolution trust,
• 1:17:04
  settler.
• 1:17:05
  And they supposedly settled, but they acted as representative for all sides of the equation being an unconscionable
• 1:17:12
  sale.
• 1:17:14
  A pirating actually
• 1:17:16
  of large plunder and looting of Wamu's assets, and they sold 27,500,000,000
• 1:17:22
  supposed
• 1:17:23
  dollars worth of assets of WAMU
• 1:17:25
  to JPMorgan Chase Bank,
• 1:17:28
  not to mention WAMU's
• 1:17:29
  stakeholder investors, co investors
• 1:17:32
  for
• 1:17:33
  $1,880,000,000.
• 1:17:35
  However,
• 1:17:37
  mister Geithner's treasury,
• 1:17:39
  on the backs of the cash strapped American taxpayers,
• 1:17:43
  settled all those debts for 1.25%
• 1:17:46
  of the total face amount
• 1:17:48
  and then gave a special tax write off
• 1:17:52
  in the future to one... To JPMorgan
• 1:17:54
  Chase Of course. For guess how much money? Ding ding ding. $1,888,000,000
• 1:18:01
  effectually making the sales supposedly
• 1:18:03
  for a preposterously absurd amount of zero on face value. So they had zero coming
• 1:18:10
  on all those debts that have others they purchased for debt collection under title 15 USC sixteen ninety two f tech, The Fair Debt Collection Practices Act, making them nothing but a dirty debt collector. Sounds like There you have it. Sound... Darryl, it sounds like the five zero two bonds still live.
• 1:18:29
  Well,
• 1:18:30
  one other salient point about the five zero two bonds is remember about a hundred years after they had done that gold fixing scam that you spoke about,
• 1:18:40
  Nixon devalued this... Took the silver out of the dollars, And somewhere after that, the Hunt brothers cornered the market just like they cornered the gold market. Yeah. And they devalued that and drove it up exponentially, stole the gold, looted it, and,
• 1:18:55
  created the same thing,
• 1:18:57
  doing the same thing over and over because it works. Yes.
• 1:19:01
  Unknown: They were trying to corner the silver market to evidently start a competing Federal Reserve type situation
• 1:19:08
  is what I've read. Don't know how true that is.
• 1:19:13
  But yeah, it's just the same thing over and over and again and you know, I don't if they say gold is so worthless, why the hell do they want all of it?
• 1:19:21
  Okay, that's the first question. They have the question.
• 1:19:25
  Let's see. Gary's gonna call in here and join us.
• 1:19:30
  Gary, glad to have you along, buddy, in one of your appearances. How you doing today?
• 1:19:36
  Unknown: Oh, fine.
• 1:19:37
  Major metaphor.
• 1:19:39
  How are you doing? Good.
• 1:19:42
  And
• 1:19:43
  greetings to Daryl, Robert, and and cleaned up Chris. Cleaned up Chris. Howdy.
• 1:19:50
  Cleaned up Chris.
• 1:19:51
  His new his new
• 1:19:53
  little handle there.
• 1:19:55
  But Sweet.
• 1:19:56
  The clean... There you go.
• 1:19:58
  Yeah. I I appreciate the
• 1:20:01
  the history there backing up. And and and Daryl's your piece going back to
• 1:20:07
  around the civil war era, and I just find it interesting that that happened
• 1:20:13
  and demonetization
• 1:20:15
  back
• 1:20:16
  just after they pulled off
• 1:20:18
  the big doozy there, you know, the the fourteenth amendment. And shortly thereafter,
• 1:20:23
  you know, the unratified fourteenth amendment. So,
• 1:20:27
  how they worked into the monetary system after they set that up
• 1:20:31
  and,
• 1:20:32
  just find that very timely.
• 1:20:36
  And,
• 1:20:37
  Unknown: They have pretty good timing. Have you noticed?
• 1:20:40
  Unknown: Yeah. They do plan their steps, don't they? Many years in advance, they they don't care about
• 1:20:45
  time too much. They're not in a panic. That's for sure. They may plan out decades ahead of time.
• 1:20:51
  But, oh, by the way, Raj, thanks for the link on the Walter William,
• 1:20:56
  Unknown: piece there. Really, really interesting. I put that in. I put that on the show description at the bottom there in cast box yesterday. Gary couldn't find it. That was an article over on lewrockwell.com.
• 1:21:09
  Lewnotlou.
• 1:21:12
  Lewrockwell.com.
• 1:21:14
  An excellent website by the way. And the Rockwell
• 1:21:18
  is kind of the banner carrier for what we Austrian economics.
• 1:21:23
  You know, Darryl, I was thinking about that last night watching that Di Lorenzo talk.
• 1:21:28
  They've got a deal every summer in June where you can go down there for a week and go through that school at Auburn. Not too far south of you down there, and that may be something if you could ever scoot the time away that you may wanna participate in.
• 1:21:44
  Unknown: Well, I'd I'd be interested in the Austrian School of Economics,
• 1:21:48
  but
• 1:21:49
  they're not as they're not as they're
• 1:21:52
  not as squeaky clean as
• 1:21:54
  they like to play.
• 1:21:56
  Unknown: Okay? Well, one of the things I was thinking is that somebody with our knowledge and voice and angle could get in there and show them some of the things that they don't understand
• 1:22:06
  because there's a bunch of the those guys with all their scholarship
• 1:22:09
  and all their study and all of the sacrifices
• 1:22:12
  they've made,
• 1:22:14
  they don't understand what the fourteenth amendment was about or why it was in there, and they're still arguing over the causes of the civil war.
• 1:22:22
  Unknown: Yeah. Yeah. That's true. Well...
• 1:22:25
  Unknown: Yeah.
• 1:22:27
  Well, that's that's a really good point, and it...
• 1:22:29
  You know, I... If I could go ahead and retire here full time, maybe I could do something like that. I
• 1:22:37
  I I have a feeling if I do retire full time, I'll be I'll be
• 1:22:42
  probably working with Michael Gaddy.
• 1:22:44
  You know?
• 1:22:45
  But
• 1:22:48
  he...
• 1:22:50
  I...
• 1:22:52
  Yeah. You're But, you know, that
• 1:22:54
  Unknown: Very very few of us I can't let go of the civil war. Yeah. Very few of us are ever gonna retire in civil war and sit on the front porch and rock rock
• 1:23:04
  and watch cars go by and be porch monkeys.
• 1:23:07
  I don't see too many of us doing that. Well,
• 1:23:10
  Unknown: I was I was gonna say, Roger.
• 1:23:13
  Yeah.
• 1:23:13
  I I
• 1:23:15
  gonna I was gonna say, Roger, your investment... I was thinking about when you were talking about it that
• 1:23:21
  your investment back in the mid nineties in the in the $300 gold gave you a much better return than a lot of the people I knew at the time that bought new cars and boats. Yeah. And what are those worth? Yeah. You know?
• 1:23:35
  Unknown: So Did you happen to see Yeah. Did you happen to see the article? It was one of those little top articles on zero hedge. It was in the last couple of days.
• 1:23:43
  It was about a particular model, a BMW.
• 1:23:47
  It was the
• 1:23:49
  first BMW
• 1:23:50
  kind of coupe that they put out in the 50s. It was real trendy with movie stars and everything that liked it.
• 1:23:56
  The the people that own those cars
• 1:23:59
  have have gotten a return 600%
• 1:24:02
  more than BMW stock.
• 1:24:05
  Since the same time. Wow.
• 1:24:10
  Wow. Rather Wow. Than feeding you should mention that, Rob. Yeah. Thought of you. Hey, Chris. I thought of you when I read the article, buddy. I'm telling you. Yeah. That D 500. It
• 1:24:21
  Unknown: was probably around $6,000,
• 1:24:23
  5,000 in 1957,
• 1:24:25
  maybe even less. My dad went to Detroit to buy a brand new one with the Hemi engine in it. And that one that I bought,
• 1:24:33
  it had appreciated,
• 1:24:35
  oh, golly,
• 1:24:37
  4000%
• 1:24:40
  from the time I bought it to the time they stole it. Have you gotten that back yet? Have
• 1:24:45
  you gotten that back yet? No. No. No. I'm gonna have to go to the Federal Circuit Court of Claims to bring that claim on unlawful takings
• 1:24:52
  under the Fifth Amendment and the Tyson Tyler versus
• 1:24:56
  Indiana case or Tyler Tims versus Indiana and cruel and unusual punishment under the Eighth Amendment takings violation
• 1:25:04
  and
• 1:25:05
  in the domain type thing, theft of my private property
• 1:25:09
  under the pretext of the color of sham legal fictitious
• 1:25:13
  service and sham legal specialty assessment lien for $500,
• 1:25:17
  They claim they stole it for.
• 1:25:19
  Unknown: Well, now, didn't your wife somehow
• 1:25:21
  contribute to that event?
• 1:25:23
  Your your former, no, excuse me. I don't wanna be didn't
• 1:25:27
  your former partner contribute to that event of them thieving your car that day, that faithful day? And I remember you called into the air the day it happened.
• 1:25:38
  Unknown: Ah,
• 1:25:39
  that... Did I? I I I can't I couldn't remember that part, although I would be interested in knowing. I think that was November. Well, shortly thereafter,
• 1:25:47
  Unknown: you were you were probably in turmoil that day, but I remember you called in afterwards and ran down the whole story of what happened that day.
• 1:25:55
  Unknown: But Psychic trauma. In fact, I've read some FBI reports through three o twos and
• 1:26:01
  so called officer reports or agent reports
• 1:26:05
  post an interview.
• 1:26:07
  And apparently, they had perverted, converted, flipped her somehow, maybe pushed her button, flipped her trigger,
• 1:26:14
  pushed her
• 1:26:16
  MK Ultra button, and made her
• 1:26:19
  flip against me and maybe terrorized, threatened, or bribed her to
• 1:26:25
  flip over to their side and become an alternative surrogate agent for the FBI
• 1:26:30
  and give evidence... False evidence, I mind you, against me and red flag me. And they... I mean, the whole thing is such a convoluted mess that most people couldn't figure it out. But thanks to the help from above and reverse engineering systems, engineering of training. I've been able to figure this whole scenario out except for who all the players are. I still don't know who that criminal
• 1:26:52
  zone Nazi impostor was claiming to be Faith, which
• 1:26:57
  not coincidentally was my granddaughter's
• 1:26:59
  name adopted at that time or actually I was the
• 1:27:04
  guardian ad litem for her, not the adopted parent, although she was the flesh and blood grandsprint...
• 1:27:10
  Grandchild
• 1:27:11
  of my bride and her
• 1:27:14
  promiscuous daughter that was a kind of a nefarious female in a self.
• 1:27:19
  But...
• 1:27:23
  Unknown: Well... Is promiscuity nefarious?
• 1:27:26
  Unknown: Yeah.
• 1:27:28
  Unknown: Daughter was, yes, it didn't fall far from the tree. You're right. Uh-huh. Well, you might have not have taken her out dancing enough, Chris.
• 1:27:37
  Well, she wasn't a very good dancer, I have to, honestly. You were unequally I tried that out there with her. You were unequally yoked for you. She
• 1:27:47
  Unknown: was good at the horizontal pop pop, but that was the only dance she did well. Okay. Exactly.
• 1:27:53
  Unknown: Patrick joined us here on on his Sabbath. It's a happy Sabbath there to you, mister Patrick.
• 1:28:01
  Unknown: Yeah. Shalom. Shalom. Listen
• 1:28:03
  to all you fellas. Y'all having a good good conversation.
• 1:28:07
  And the 66 books, does it ever say retirement? I never can find it in there. Everybody talks about just retirement.
• 1:28:13
  Unknown: I don't think Yahweh wants us to retire. Well, my, you know, my father called it. He called it being retarded.
• 1:28:21
  Unknown: There you go. That's a good answer.
• 1:28:24
  Unknown: Yeah. Alright. Over to you. Gary, we didn't mean to interrupt your train of thought, I know you called in to give us some kind of point that's very valuable. Would you like to continue? Or a question. Okay. Well, that's good. Usually good with questions. Those are even better. The older I get...
• 1:28:39
  Unknown: Yeah. The
• 1:28:40
  older I get, the more questions I have. Yeah. You go. How about that one? Amazing. Yeah.
• 1:28:47
  If you keep your mind open too, right? Yeah.
• 1:28:50
  But anyway, that's that's so important in life but anyway, yeah, as Daryl was talking about,
• 1:28:56
  I don't know if it was him or or someone else is just mentioning a little bit ago about ass or, about investments. And I got to thinking,
• 1:29:05
  you know,
• 1:29:06
  you know, you're talking about gold or a boat or a car or whatever.
• 1:29:10
  And you you stand back and you think about the different categories. It's like, well,
• 1:29:16
  there's assets and there's liabilities.
• 1:29:19
  And precious metals, we all know that's one of the best assets one can own. And if your if your money's going out like most people think of their homes as an asset, it's like, I don't think so. Ridiculous.
• 1:29:31
  Unknown: It's ridiculous.
• 1:29:32
  It's... That thought is ridiculous.
• 1:29:35
  Unknown: It is because, you know, you look at the devaluation of the dollar just to start out of the gate. I I told some seniors in here a couple years back. They're talking about, well, their... The value of their home's gone up. And I said, no. Hold on a second. You have to look at what has the dollar done in the meantime.
• 1:29:54
  Maybe you're at breakeven. Maybe.
• 1:29:57
  And,
• 1:29:59
  you know, so it's like it's... No. It's it's a matter of the dollar that's depreciated, not the house is going up in value. The house... The value of the house hasn't gone up at all.
• 1:30:09
  And so it's...
• 1:30:10
  So it is so,
• 1:30:12
  you know, like you always talk about the dialectic. It's so hidden
• 1:30:17
  and
• 1:30:18
  it's it's it's the opposite.
• 1:30:20
  And...
• 1:30:21
  But speaking of of assets and all, there's one train of thought goes into the next,
• 1:30:27
  as you know. And
• 1:30:28
  and speaking of precious metals and assets and and earlier on, you're talking about
• 1:30:34
  the
• 1:30:35
  gold and silver ratio which is, man, right down my alley. I just... I... That is so powerful like I called in months ago about it and
• 1:30:44
  right now, it's... Shoot, it's almost 90. Almost 91.
• 1:30:49
  Unknown: Holy
• 1:30:50
  smokes. One
• 1:30:52
  Unknown: one source that I really,
• 1:30:54
  really
• 1:30:55
  appreciate,
• 1:30:57
  online is macrotrend.net.
• 1:31:01
  And to all y'all out there just want... Even if you wanna look into
• 1:31:05
  any kind of, graphical
• 1:31:08
  representation,
• 1:31:09
  a visualization of
• 1:31:11
  of,
• 1:31:12
  oh, relationships, you know, ratios,
• 1:31:15
  stocks, and and it gets into
• 1:31:18
  not just, earnings per share but earning, the the debt.
• 1:31:24
  But anyway, that's... But I like to look at,
• 1:31:28
  you know, one, you know, something compared to another. Gold to silver, gold to the Dow. That really gives a person
• 1:31:37
  it it's what it's relative to
• 1:31:40
  and that that means so much. Yep. And it's not just a price but but yeah, right. Silver is just screaming by the day.
• 1:31:48
  So we know that that's really where the place to be. And I thought I've mentioned this to you a while back. I wish Harold Sykes had a a silver
• 1:31:57
  product. Oh. Yeah. Now they're gold company. You know?
• 1:32:01
  Yeah. Yeah. But but, anyway, it's it's wonderful being in Carrot Bars. I'm so thankful for it and thank... Thankful to you for sharing that.
• 1:32:09
  And, so...
• 1:32:10
  But, yeah, the the gold to silver ratio
• 1:32:13
  Unknown: is so powerful. And, yeah, like Daryl was talking about, they were using that way back. Well, let's go back for the audience. It may not be up on all this, and I understand that because you gotta take some dedicated time and study this area. This financial stuff can be extremely as complex as the legal stuff, alright?
• 1:32:32
  The traditional ratio out of the ground,
• 1:32:36
  in other words, you send a bunch of miners
• 1:32:38
  scurrying around Nevada out there around where Robert is,
• 1:32:43
  they, at the end of a week, when they'd come back, the people that were looking for gold,
• 1:32:48
  there'd be 15 times more silver.
• 1:32:51
  They might have an ounce of gold that they found in a week, but there'd be 15 ounces of silver. So the normal
• 1:32:58
  natural
• 1:32:59
  ratio is about 15 to one, and you were just telling us it's now
• 1:33:05
  90
• 1:33:06
  to one.
• 1:33:07
  Unknown: There's a group of I'm people looking back...
• 1:33:10
  Yeah, I'm looking at a chart now that goes back decades.
• 1:33:13
  It never goes over, you know, it never doesn't go to a 100 but
• 1:33:18
  but yeah, 15
• 1:33:21
  is
• 1:33:22
  just that's
• 1:33:24
  that is so rare to see now. No. You never. And usually...
• 1:33:28
  Unknown: Yeah. I've seen that forties maybe, but... Well... And, of course... Now don't forget, silver
• 1:33:33
  is generally
• 1:33:35
  in larger
• 1:33:37
  veins closer to the surface and it's easier to access.
• 1:33:41
  Okay? Right. Right. So it may be that things like the Comstock mload being played out have played with the natural ratios a bit, but it hadn't really scored them out of the park to the extent that we see it 90 to one. There's a group of people, and this philosophy's been out there for a long time, Gary, and I wonder if you do this, that do nothing but play that ratio.
• 1:34:06
  Is they'll take that 15, and then when it goes up, silver's a better buy, and they go buy silver. Right. And then when it comes back down and the price of silver goes up, they sell the silver and buy gold.
• 1:34:20
  And then they wait to see a certain ratio, you know, but they play that ratio.
• 1:34:25
  Unknown: Sure.
• 1:34:26
  Sure. Absolutely. That's the idea. And that way, you're always buying what's on sale,
• 1:34:31
  and you're selling at retail in a sense.
• 1:34:34
  And it's just being smart. It's being wise as a serpent, And just... You know, it's a... They're they're they're using... We know they have these games. They play with the public
• 1:34:45
  for... You know, that's been there forever.
• 1:34:48
  And, you know, it's just one of those things you can take advantage of.
• 1:34:52
  And it's just being smart with your money. Just that much smart... Smarter. It's not... Being in precious metals is fine. I mean, it's fantastic, but you can you can be ultra
• 1:35:03
  or uber,
• 1:35:06
  specific
• 1:35:07
  and,
• 1:35:08
  focused on
• 1:35:10
  the better buy of... And, actually, platinum.
• 1:35:13
  Platinum
• 1:35:14
  is actually better than silver right now, historically speaking,
• 1:35:19
  ratio wise.
• 1:35:20
  But but, anyway,
• 1:35:22
  but just without getting too complicated,
• 1:35:25
  it's just gold to silver. And every so often,
• 1:35:28
  you make a change. You you you pull it out of your safe, you... And you change your holdings, or maybe you're... You always have both,
• 1:35:37
  but you're you're changing your weighting of the two.
• 1:35:40
  So you're a little bit overweighted in this one and the other, and then you start gradually...
• 1:35:46
  It starts getting into an extremism.
• 1:35:48
  Okay. Gold to silver starts getting up in the eighties. Yeah. You're starting to cash in some gold and starting to load up on the silver, maybe even at a lower ratio than that, maybe in the seventies.
• 1:35:58
  And they just kinda do that dance every so often.
• 1:36:02
  And, so many... It might take... So so what if you're in a a certain position for a few years? It doesn't matter.
• 1:36:09
  And
• 1:36:10
  Unknown: Thank you. So you're just always on the If you're playing that game, it's virtually impossible to lose. Daryl, you were gonna add something?
• 1:36:20
  Unknown: Question. Yeah. Oh, well,
• 1:36:22
  I I appreciate what Gary's saying. And,
• 1:36:25
  back in the day, back in the, you know, a hundred and twenty years ago,
• 1:36:29
  the... This, game was played too, but they were playing it on
• 1:36:34
  on as little as speculation
• 1:36:36
  as,
• 1:36:39
  three tenths of a of a point on a ratio.
• 1:36:42
  Okay? That's that's how close they...
• 1:36:45
  The the international
• 1:36:47
  money market was played between England
• 1:36:51
  and
• 1:36:52
  and Spain
• 1:36:53
  and Germany and rest of the world. I mean, these people these people knew how to do mathematics. They didn't have electric calculators.
• 1:37:02
  Okay?
• 1:37:03
  Unknown: So It's a word. I mean, you know what what Gary's thought It's a word. I mentioned the other day, I'm sorry to interrupt you, but let me throw it in there. It's just another form of arbitrage.
• 1:37:13
  Unknown: Yep. Well, that was exactly that. Thank you. That was
• 1:37:16
  that was the next word coming out of my mouth.
• 1:37:19
  And Yep.
• 1:37:21
  That's exactly what that is. And you can do that with all sorts of commodities
• 1:37:27
  and or land,
• 1:37:29
  particularly if you're moving. Like, I have friends that, sold a
• 1:37:34
  a a residency
• 1:37:36
  in, California
• 1:37:38
  for about 650
• 1:37:40
  and bought one four times bigger in, outside of Dallas for about $2.40.
• 1:37:46
  So that was an arbitrage. Yes. It was.
• 1:37:49
  Yep. And and so that's that's what that that's what that big fancy word means. And
• 1:37:55
  so if you take windfall.
• 1:37:58
  If you take
• 1:38:00
  Unknown: There's another word for it Patrick says is windfall.
• 1:38:03
  Unknown: Yeah.
• 1:38:04
  Well, they they tax windfalls.
• 1:38:07
  Yeah. I guess they I guess they tax arbitrage too, but the the the thing like right now with the silver being at 90, 90 to one. Not if you're a Rothschild. Go ahead.
• 1:38:20
  If you're... Yeah.
• 1:38:21
  You're... That's true. Of course, sir. If you're at 90 if you're at 90 to one right now on the gold silver ratio,
• 1:38:29
  I would I would be,
• 1:38:31
  you know, buying
• 1:38:33
  off... Offloading... I would be using gold to buy silver
• 1:38:36
  knowing that it's gonna come back the other way.
• 1:38:40
  You know, that's...
• 1:38:41
  You know? So if if if you buy... If you took
• 1:38:44
  if you if you took $20,000
• 1:38:46
  worth of gold and turned that into silver
• 1:38:49
  and then the ratio comes back down to 85 or 80, wow. Then you go back and you can buy gold or, you know, see how it's how it's working. And that's how you play that back and forth.
• 1:39:00
  And I I just like to explain, you know, just exactly how,
• 1:39:04
  you know, so people have an idea
• 1:39:07
  of what playing the ratios mean. And so, I mean, Roger's in a great place to play the ratios. He's sitting on gold, and silver's a buy.
• 1:39:16
  Unknown: Yeah. The only the only problem is the utility of gold. That's the problem I got because the the one thing that everybody's concerned about is keeping it safe.
• 1:39:25
  Okay?
• 1:39:26
  And to do that, I got mine down to South America
• 1:39:31
  and got it into a private vault that's not affiliated with any financial institution on the globe in Uruguay.
• 1:39:38
  So now I gotta go to Uruguay to get my hands on it to pull off the arbitrage,
• 1:39:43
  that's the only problem.
• 1:39:45
  Again,
• 1:39:47
  let me bring
• 1:39:48
  the
• 1:39:50
  lack of a characteristic
• 1:39:51
  that precious metals do
• 1:39:54
  lack, and that is utility.
• 1:39:57
  Unknown: Utility.
• 1:39:58
  Carrot bars. Hello.
• 1:40:00
  You know, right there. That's the of that product. Yep. Patrick, you had a question?
• 1:40:07
  Unknown: Yeah.
• 1:40:08
  I trade in platinum
• 1:40:10
  and, rhenium,
• 1:40:12
  and I've noticed the price is, more than doubled in the rhenium on the, cat buying. We we probably do
• 1:40:19
  20 cats, 30 cats a week. And, of course, we get the Fiat dollar form.
• 1:40:25
  That question a is why is it up over platinum? And then b,
• 1:40:29
  and then
• 1:40:30
  b, I buy silver and Liberty had dimes at a dollar over spot.
• 1:40:36
  But I know anywhere to buy it any any cheaper.
• 1:40:39
  Unknown: You used to could get it without any premium, but this... But but but junk silver's gotten so scarce that they're putting a premium on it now. The premium has been already paid, and that's why you didn't have to use to pay premium on that junk silver.
• 1:40:54
  But it shows you the scarcity in the marketplace.
• 1:40:58
  Unknown: Right.
• 1:40:59
  And it's a byproduct. That's right. Correct?
• 1:41:01
  Unknown: A byproduct of what?
• 1:41:04
  Unknown: Well, when they're mining when they're mining gold,
• 1:41:08
  Unknown: I heard years ago that silver was found as a byproduct It is. On... You know, as they were... It is. Right? You don't go in there just to mine silver. It's not only it's not only gold, it's lead and zinc and all these others that they find silver in too. There's a great company out there with a fantastic
• 1:41:25
  business plan.
• 1:41:27
  I think it's called Silver Wheaton.
• 1:41:29
  Are you familiar with that company?
• 1:41:32
  Unknown: SLW.
• 1:41:33
  Do
• 1:41:34
  Unknown: you know what their business format is?
• 1:41:39
  Unknown: I don't.
• 1:41:40
  Unknown: I forgot years ago. What they did was they went around to all these alternate miners that mine these other metals, zinc and tin and lead,
• 1:41:49
  and they cut a long term deal with them and paid them upfront
• 1:41:53
  for all of their silver production for years and years in advance.
• 1:42:01
  Now that that's a slick business plan right there. Okay? That
• 1:42:06
  Unknown: it is.
• 1:42:08
  Unknown: Gee. Because the people that are mining lead don't get much silver, but they get some silver. And it's easier for them to find somebody they can just give it to that they've been paid in advance for it than mess with it, refine it, and sell it on the open market and so therefore, these guys have got all these tailings, if you will, of silver coming in from all these other metal mines all over the world.
• 1:42:34
  Unknown: Yeah.
• 1:42:36
  Great plan. Great plan.
• 1:42:39
  Unknown: Silver. We have the Catholics do that. Back in the day, you could pay for your sin before you committed it. Yeah, right.
• 1:42:45
  Unknown: Yeah. You know, I had my. That's my deal. My friends, y'all appreciate this story. My friend now deceased
• 1:42:53
  old time guy used to work for the Beatles. His wife is a big Catholic and and after he died and we were talking about some of this stuff and she at her church goes in on Monday
• 1:43:06
  and counts all of the
• 1:43:09
  all the tithes,
• 1:43:10
  okay? The the priest doesn't go in. I know y'all don't believe this but the priest does not go in and count that money. He delegates it to somebody else and so there'd be a group of em in there. Couple of em had come in every Monday and count up the and make all of those arrangements
• 1:43:26
  and so, they're counting one of the collection plates comes through and she was telling me, said, the lady next to her, there's 4 silver dollars in it and she goes, oh, I'll take those and she takes the silver dollars out and puts four Federal Reserve notes in its place.
• 1:43:47
  Unknown: I
• 1:43:50
  Unknown: just thought that was so funny. I hadn't thought about that in years till just now.
• 1:43:55
  It illustrates that people do not understand
• 1:43:58
  the value and the relationship of this paper money and this real metal. Right. That's real money.
• 1:44:04
  My friend from college was writing me the other day that I've mentioned couple times. We've been reunited here. I expect he's probably going to get him on the show one day. His nickname is Twig because he's skinny as a rail.
• 1:44:16
  And he went on to go to law school at LSU and he's real active in the law community and wrote some stuff that got published in the papers that had a big back lash there in Baton Rouge on
• 1:44:27
  land
• 1:44:28
  values and property taxes and he said, I even got a call from the lady that runs the local, the head of the N double A CP thanking me for article, okay? And so Twiggy is writing me and he's covering some of these subjects and he says, after all, gold's only a commodity
• 1:44:46
  and I wrote him back and I said, well, that's not what JP Morgan's told to the senate in in 1907
• 1:44:53
  when they asked him about gold and JP Morgan's response was, gold is money.
• 1:44:59
  That's all.
• 1:45:02
  Unknown: Period.
• 1:45:03
  Yep.
• 1:45:04
  K. God's money.
• 1:45:07
  Yeah. That's right. Did you see that commercial?
• 1:45:11
  There's one online.
• 1:45:12
  It might it might be YouTube.
• 1:45:14
  It might be on TV. I don't know. It's called drop gold. It's like a two minute commercial. Yeah. They're trying to do that. And...
• 1:45:22
  Exactly.
• 1:45:23
  And and what's that tell you back to the dialectic? You do the opposite.
• 1:45:27
  And
• 1:45:28
  they're they're pushing people towards crypto. That's fine.
• 1:45:32
  But, you know, as we're... You were talking about earlier,
• 1:45:35
  the central banks around the world, it it doesn't doesn't take a rocket scientist. It's one on one stuff. They're loading up. They're buying tonnage.
• 1:45:44
  And
• 1:45:45
  like, Jim Willey was talking about in that great interview a couple weeks back, fantastic,
• 1:45:53
  as they're loading up on gold,
• 1:45:56
  that reset,
• 1:45:57
  it it all... It's all dovetailing together.
• 1:46:00
  And so
• 1:46:02
  I I meant to get into this a little bit.
• 1:46:04
  And I think what's happening, you can kinda see
• 1:46:08
  the different fingerprints
• 1:46:09
  around the world that are involved.
• 1:46:12
  And
• 1:46:14
  Jim was talking about,
• 1:46:16
  yeah, the central banks
• 1:46:18
  getting their footing, getting just... That's... Like you're saying, that's why they're keeping it low, keeping it suppressed and all manipulated.
• 1:46:25
  So they're loading up the coffers
• 1:46:29
  and...
• 1:46:30
  For the the coming reset.
• 1:46:32
  And I think it's gonna be,
• 1:46:36
  and it kinda dovetails a little bit with bullpony.
• 1:46:39
  And I think there's a digital asset element
• 1:46:43
  along with gold.
• 1:46:45
  And Jim was talking about... In that interview, Jim Willies, like, yeah, was about two weeks ago.
• 1:46:51
  He was talking about... And you were mentioning this earlier,
• 1:46:54
  or maybe it was Daryl that was talking about, the global debt.
• 1:46:58
  But also he mentioned, if you recall, if you if you saw it, the trade deficit.
• 1:47:04
  So you you got... You need to take that into account
• 1:47:08
  for...
• 1:47:09
  I mean, talk about a complicated
• 1:47:11
  Oh, it's complex. Piece to pull this thing off.
• 1:47:14
  And I don't... I'm not so sure.
• 1:47:16
  This is my... Just my 2¢ here.
• 1:47:20
  I'm not so sure. As everyone's waiting for this crash, the chaos, and all that to
• 1:47:25
  ensue and all,
• 1:47:27
  I'm not so sure. I think it might be
• 1:47:30
  to where they reset things,
• 1:47:33
  and,
• 1:47:35
  I don't know how that would look on people's...
• 1:47:38
  In their bank accounts, so to speak.
• 1:47:41
  But Jim was talking about
• 1:47:44
  according to a country's
• 1:47:46
  global debt
• 1:47:47
  and their trade deficit,
• 1:47:49
  that's what their price of gold will be. If you have a lot of debt, you're gonna pay for gold.
• 1:47:55
  And if you have a minimal debt, you'll buy it at wholesale,
• 1:47:58
  more or less. So
• 1:48:01
  so
• 1:48:03
  I don't know how they're... Boy, it's so complicated. It's a mind bender. It really is. It is.
• 1:48:09
  But I I think they're gonna bring in a digital asset
• 1:48:13
  somehow connected. And the reason I say that is I know there's a consensus protocol.
• 1:48:19
  I do ultimately think the world
• 1:48:23
  will,
• 1:48:24
  operate
• 1:48:25
  from a digital asset
• 1:48:27
  basis.
• 1:48:28
  It might take years. This might be ten years. Who knows? But I think it's gonna be more or less consensus protocol,
• 1:48:34
  not proof of work,
• 1:48:36
  which is Bitcoin and all. And that's, you know, more or less might be just digital storage or your,
• 1:48:42
  some sort of storage of value digitally speaking.
• 1:48:46
  But consensus protocol,
• 1:48:49
  I don't know if you know much about that. I've done a... The deep dive on it, and it does make a lot of sense.
• 1:48:55
  And, you're not
• 1:48:58
  mining and using up tremendous amount of power and all.
• 1:49:02
  And, it's it's it's like the term says, consensus.
• 1:49:06
  You're just getting agreement to acknowledge a certain transaction.
• 1:49:11
  So there,
• 1:49:12
  but the IMF,
• 1:49:13
  backing up here a bit because I know we're running out of time. The IMF
• 1:49:17
  is,
• 1:49:20
  has been meeting with a digital asset company.
• 1:49:24
  Yeah. They are meeting with Ripple. I know that's a
• 1:49:27
  four letter word, but
• 1:49:30
  their consensus protocol
• 1:49:33
  and they're gonna more or less be
• 1:49:35
  a bridge
• 1:49:37
  asset.
• 1:49:38
  And then not so much, I don't know if they're gonna be so much a currency, but they're
• 1:49:42
  gonna be a bridge asset for
• 1:49:45
  cross border payments.
• 1:49:47
  So I think there's some sort of... I don't know this for a fact. I certainly don't. It's so complicated.
• 1:49:53
  But I I think there's this reset coming
• 1:49:56
  to where,
• 1:49:57
  yes, gold will have to play a part because
• 1:50:01
  Unknown: they know... These powers of being know that's real money And like it's been so do the people now. And You know, the people are becoming more educated.
• 1:50:10
  Let me bring more You're waking up. A wrinkle in here, Gary, and I sent this story out to several of you that are, you know, on instant communication stuff.
• 1:50:19
  Was a story on ZeroHedge this week that Russia is seriously talking about putting out a totally 100% gold backed token.
• 1:50:27
  You read that article. Yeah. You Okay.
• 1:50:30
  And that article. And it got into the article and you saw the headline. I got excited.
• 1:50:35
  I opened it up and started reading it. And so you get down to one point and she's going, person that's speaking for the Central Bank of Russia says, We don't see this as a
• 1:50:47
  useful
• 1:50:48
  tool in regular commerce.
• 1:50:50
  What we want to do with this is trade balance of trade payments
• 1:50:56
  and put a standard in that's 100% backed by gold where countries
• 1:51:01
  can again pay their bills to the other country but they don't have to worry about taking the gold over the mountains and getting it boosted by the robbers.
• 1:51:10
  Yeah. Okay? Once again, the word I mentioned and this is what I've learned personally.
• 1:51:15
  The word that I think that you can attribute to any of the coins, be it tokens or cyber coins,
• 1:51:22
  is utility.
• 1:51:23
  Gold has very little utility.
• 1:51:26
  Silver's got even less.
• 1:51:29
  Unknown: Right.
• 1:51:31
  Unknown: Because you can carry $50,000
• 1:51:33
  of gold in your hand. You you can't carry $50.00
• 1:51:37
  worth of silver to the other room.
• 1:51:41
  Unknown: Correct.
• 1:51:44
  Unknown: Correct. And that utility utility. See, I had never thought I've about
• 1:51:48
  been a gold owner for twenty years and I'd never considered that, okay? Because you never had the option
• 1:51:56
  until the coins came along
• 1:51:58
  and when I first started getting into Bitcoin and I've told the story before, I got a a little
• 1:52:04
  platonic little
• 1:52:06
  girl that I'm friends with in Russia that I met down in Argentina
• 1:52:10
  and I wanted to get her involved in Gladiacoin
• 1:52:14
  and so I needed to send her a tenth of a a Bitcoin and I hit the button and I got her on Skype, and you could hear the ding. Ding. Okay. I got it. And I went, holy smokes, man. I mean, until you have that experience,
• 1:52:30
  Unknown: you can't appreciate the utility of the coins, cyber coins. Exactly right. Yeah. And you know that's the future. It's like, you know, we exchange emails, text, whatever
• 1:52:42
  in seconds. Just boom.
• 1:52:44
  It's it's there. Why isn't
• 1:52:47
  the Internet of value as they call it? Why isn't that in place? Well, it's in process of
• 1:52:54
  and,
• 1:52:55
  Unknown: Internet of value. And and I should also add, for
• 1:52:59
  talking about this space in the future,
• 1:53:02
  is the announcement the other day,
• 1:53:04
  Facebook
• 1:53:05
  is coming out with their own coin to facilitate
• 1:53:09
  payments
• 1:53:11
  globally,
• 1:53:13
  and it's also going to be integrated
• 1:53:16
  into Snapchat
• 1:53:18
  and Instagram,
• 1:53:20
  which they also own and control.
• 1:53:23
  Do you know how many people that covers on the globe?
• 1:53:28
  Take a guess. Yeah. Two. 7,000,000,000.
• 1:53:33
  Unknown: Holy
• 1:53:33
  cow. Wow.
• 1:53:36
  Unknown: That's a chunk.
• 1:53:37
  Unknown: Okay. That's one third or. It's the future. Yeah. It's coming. Get ready. Start learning.
• 1:53:43
  Get yourself some sort of a position you're comfortable with because I guarantee you, the first time. Now, Patrick, you haven't messed with these cyber coins at all. You're just getting into it. The first time that you send money somewhere,
• 1:53:56
  you're going to see what we're talking about.
• 1:54:00
  It's cool. But you gotta personally experience. You can't have somebody tell it to you. It's a personal experience you gotta go through. Yeah. And the first time you do it, here's what's gonna happen. In front, in that front of your mind, right behind your forehead,
• 1:54:15
  in big flashing red letters, a neon, it's gonna say, future,
• 1:54:20
  future,
• 1:54:21
  future.
• 1:54:23
  Unknown: Yep.
• 1:54:25
  Unknown: I'm going to take it out of circulation and sit on it. Well, that's okay.
• 1:54:29
  Unknown: But the first time you ever send any, that is the, I think that's the first amazement that I had getting into this space was that experience right there and partially,
• 1:54:40
  what made it so impactful
• 1:54:42
  to me was I've been going through holy hell to get money into Argentina
• 1:54:47
  for five, six, seven years
• 1:54:49
  and you don't even want to know the horror story of that and now, here comes a medium where somebody can just go poop and send it in to me. Yeah. I got nobody wanting percentages.
• 1:54:59
  I gotta go through no banks. I gotta ask nobody's permission. Bam.
• 1:55:04
  It's just there.
• 1:55:05
  Unknown: Remember
• 1:55:07
  what Andrea got going on it.
• 1:55:10
  Andrea
• 1:55:11
  Antinopoulos,
• 1:55:12
  what he said a couple years back,
• 1:55:14
  he said,
• 1:55:16
  instead of
• 1:55:17
  having a bank,
• 1:55:19
  you you become the bank. That's right. And that's just... I saw... Worded something along that line and where you become your own bank.
• 1:55:28
  Unknown: And that's just really Well, Patrick home. Patrick's just getting into this. Okay? I'm And gonna tell you, I was telling him last night to go
• 1:55:37
  download a blockchain wallet. Open up a blockchain.com
• 1:55:41
  account, the most popular wallet in the world,
• 1:55:44
  Andre Antonopoulos
• 1:55:45
  is the security advisor for him,
• 1:55:48
  and then you will take and put that on your cell phone, and you link those two together, and
• 1:55:56
  once you've got that on your cell phone, Patrick, and hooked up to that account,
• 1:56:01
  you can do
• 1:56:03
  every single
• 1:56:04
  thing that a Swiss bank can do.
• 1:56:07
  You can make loans,
• 1:56:08
  you can do mortgages,
• 1:56:10
  you can transfer,
• 1:56:11
  you can receive,
• 1:56:13
  you can do every single thing a bank can do and that's what scares the hell out of these people about this.
• 1:56:19
  Unknown: Something needs to scare em.
• 1:56:22
  Unknown: Well, hopefully between that and the other factors that are out there, they'll get some scared in em and I think they do, okay?
• 1:56:30
  I wanted to talk about tariffs today and we got off on this monetary thing, which is fine, but at some point next week, we're going to talk about tariffs
• 1:56:40
  and the...
• 1:56:41
  Woah, get down there. Get down there, buddy. Get the... Holy smokes.
• 1:56:45
  I can't control the volume.
• 1:56:51
  Alright. Hold on. I'll get it another way. Here we go. Giddy up. Look. I got it. It doesn't even control when I use the volume knob. We'll be back with Brent tomorrow.
• 1:57:02
  Alright. I'll tell you what I'm gonna do. I'm just cut the damn thing off. We'll be back with Brent tomorrow,
• 1:57:07
  and I got... Obviously, my update screwed up some of my settings somewhere,
• 1:57:12
  so I'll get to work on that, and I'll see you guys tomorrow with Brent and Jim Ram is next.
• 1:57:19
  So, have a great day.
• 1:57:22
  And no music. Love it. You gotta live it. Well, I tell you what, man. I tell you some of this computer stuff drives me crazy.
• 1:57:29
  The show will cut off at at the end here on the timer. Jim Rams next. We'll be back with Brent tomorrow and I'm sure he's going to have some very interesting and wholesome things that we can hear and talk about. So, you guys just have a real good day and I hope you got something out of today's discussion
• 1:57:46
  and we'll look for you tomorrow.
• 1:57:48
  How about that?
• 1:57:50
  Adios. Adios. So, with no music, I gotta say ideos here and try and go troubleshoot this little snafu.
• 1:57:58
  I'll see you guys tomorrow. Ciao.
• 1:58:00
  Ciao, guys. Bye..
• 1:58:03
  Unknown: Later.
• 1:58:07
  Unknown: Blasting the Voice of Freedom Worldwide, you're listening to the Global Voice Radio Network.
• 1:58:13
  Unknown: Bye bye, boys. Have fun storming the castle.