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🚨 $60K Silver 🚨 IS THIS REAL -- (Silver Price Forecast Robert Kiyosaki) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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$60,000 per oz silver? Is that crazy?
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We're going to dig into it in this video because a Best
0:09
Selling Financial author said. Just that pointed out the fact
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that we potentially could see $60,000 silver, and we're going
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to talk about how that could happen.
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We're also going to talk about how in that same environment, we
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hear guys like Rafi Farber talking about the potential for
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being able to buy a house for $100.00 of silver.
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We're going to dig into that and we've got some scary economic
0:38
news out of the United States. I'm really angry about one of
0:42
these points that's coming out and we're going to talk about
0:45
that as well. But it is not a pretty picture
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right now for the economy of the United States.
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And you know when the economy tanks, the first thing our old
0:54
friend Jerome Powell at the Federal Reserve is going to do
0:59
is turn on the printing press and print money like we've never
1:03
seen before. We got more news about the about
1:07
the bricks and the GBC, the gold back currency.
1:12
Hey look, you know they can use that term CBDC.
1:15
We need to start using the term GBC gold backed currency.
1:20
We're going to talk about that as well.
1:22
And more scary news coming out of China.
1:26
And if you think what happens in China doesn't affect what
1:29
happens in the United States, I want to argue with you on that
1:33
because it is getting down right?
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Crazy. Let's dig in, let's dig in,
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Right. Happy subject $60,000 Silver or
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is it a happy subject? Let's talk about this
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interesting prediction or potential forecast that we got
1:54
from Robert Kiyasaki. I got an article here from
1:56
Kitco, but this is all over the Internet.
1:59
If you haven't seen it yet, buy gold and silver and Bitcoin.
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I don't agree with that, but nonetheless before the economy
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crashes, says Robert Kiyasaki. Now if you don't know, Robert
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Kiyasaki is a best selling financial author.
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He wrote the book. Rich Dad.
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Poor Dad. He's controversial, no doubt
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about it, right? I'm not telling you.
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I'm a big believer. I don't know how you feel about
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Robert Kiyosaki. You are in.
2:26
You're entitled to your feelings.
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That's right, basement dwellers. We love silver.
2:32
We love gold. And when you're here, you
2:34
belong. But you're also entitled to your
2:37
feelings, right? And it makes me feel good when
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you give this a thumbs up. Please.
2:41
It's free, I get excited and the number of people in the live
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stream goes up. Enough about that.
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Let's dig into the $60,000. Gold and silver are set to
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skyrocket if the economy craters.
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I wonder if that's going to happen, said best selling author
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Robert Kiyosaki. Here's a here's a tweet or
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whatever they. I guess they don't call them
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tweets anymore. Now it's called an X.
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Whatever on Twitter says quote, bad news if excuse me, stock and
3:12
bond market crash. Gold and silver skyrocket.
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OK, now it gets better. So hold on here.
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He had us put out a series of tweets on Monday of this week.
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Then he says worse news. If the world economy crashes, he
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says Bitcoin could go to $1,000,000 gold $75,000 and
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silver $60,000. Again, that's if the world
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economy craters, he says. Savers savers of fake U.S.
3:46
dollars are he used kind of a curse word in trouble is what I
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will say. The debt is too high.
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So again, guys, fake U.S. dollars.
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What do we like to call that here in the United States?
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These things. What is this?
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Huh. That's a paper dollar.
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We like to call it for fun. Unicorn fart dust, right?
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It's based on nothing. And what Robert Kiyosaki is
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pointing out is that if things do crash, and it's possible, OK,
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remember, things have crashed before.
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Just take a look at history. Don't.
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We can't be blind. We don't want to be tinfoil hat
4:26
conspiracy theorists, but we don't want to be blind either.
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Look at history, right? Did things crash for the
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British? That did.
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Did things crash for the Dutch? Did things crash for the French?
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Did things crash for the Spanish?
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Did things crash for things crash?
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Unfortunately, it could happen. And we're in a unique situation
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right now or for the first time in history, we've got, we've got
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a a, a world reserve currency that is literally based on paper
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or air or whatever you want to call it.
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So when Kiyosaki says that, I know it's mind numbing and
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you'll say, oh, he's a he's a radical, he doesn't know what
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he's talking about, blah, blah, blah.
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Well, talk to the people in Venezuela.
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Right. My office at night.
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There's a crew that comes there from Venezuela, the nicest
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people you'd ever meet. They got Mama, she's like 75
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years, 80 years old and her two sons and they clean and they can
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speak a little English and I can speak even less Spanish.
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But they're the night they will tell you they love silver and
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gold. Talk to people in Turkey, talk
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to people anywhere, guys it, you know.
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So yeah, when we'd say $600.00 silver.
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When we say $60.00 silver, But Robert Kiyosaki is saying
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potential potential for $60,000 silver.
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Again, that's in a very catastrophic, Is that a word?
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Catastrophic type environment. Okay Kiyosaki.
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I love to say that name also wrote that between gold and
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silver, he thinks silver is the better long term investment
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library voice. I scream too much.
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Susie yells at me because I'm talking too loud.
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Problem is, gold is multiple times more expensive than
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silver. Yeah, 85 times more expensive.
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Gold is 85 times more expensive than silver.
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This is this will blow you away. I got something to tell you
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about the silver to gold ratio. Silver is an industrial precious
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metal growing more rare as it's used up.
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Yeah, we like to talk about that to me.
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Silver is a better bargain is a is a long term investment.
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Best of all, everyone can silver get it?
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Got it before it's gone. All right.
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Now let me talk about the silver to gold ratio.
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It's at 85. I saw an interesting,
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fascinating piece of research last night that talked about how
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any other time since the year 2000 when the silver to gold
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ratio even remotely approached where we are right now, every
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single time immediately following, we had massive,
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massive rallies in the silver prize.
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Can it happen again? Right.
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We're going to look at the other side of the coin as well.
7:20
We're going to talk about this guy named Jeff Christian, who
7:23
I've been reading up on the last few days and what he thinks
7:26
about Silver that he's got the other.
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He's not quite the bowl that we are, right.
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He would say I'm a pumper, A promoter.
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I, you know, whatever, You know, Yeah, I own Silver.
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Yes, I'm talking my own book. You probably own some silver,
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too. But nonetheless, we're going to
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talk about him. But let's finish up with
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Kiyosaki. What do you say?
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Kiyosaki? And I kind of like the guy,
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especially when he talks about $60,000 silver.
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We'll really like him then. And we're going to talk about
7:55
how in that environment, you could do what Rafi Farber's, I
7:59
would say, kind of become. He's so smart, been in a great
8:02
guy, or my impression is he's a great guy.
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Why, he's talking about how you could possibly buy a house for
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100 ounces of silver. In July, Kiyosaki tweeted that
8:15
the end of the US dollar was near inside of the upcoming
8:19
Bricks Summit. What's that?
8:21
Have you guys heard of the Bricks Summit?
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I don't know. I'll have to do some research.
8:25
Maybe we can make a video about it at some point in South Africa
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later this month as a trigger. The dollar might get triggered.
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Poor little thing. Little snowflake dollar, right?
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That's what it is. It's like a snowflake.
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It's like a little look. It's like it has wings just
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flies around, made out of paper, back by nothing.
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Confidence. Confidence.
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Because it's a con. I I won't.
8:53
I'm not going to go there. Okay Kiyosaki wrote that he
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expected the BRICS group comprised of Brazil, Russia,
9:01
India, China and South They forgot to announce a new gold
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back digital currency during its summit on August 22nd.
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That's just a few days away guys, and said it would have
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dire, dire consequences for the United States dollar.
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All right. Mr. Kiyosaki, what do you think?
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Dire consequences for the US dollar.
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That could mean some rough times for the United States.
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Are you prepared? Do you have some silver?
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Do you maybe have some gold? I'm a silver guy.
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I'm nothing against gold. I have a lot of gold mining
9:36
stocks. But are you prepared for the
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potential? It's getting interesting.
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We're going to talk about bricks.
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We always save that for the end. Don't worry.
9:46
And there's some new. Hey, thank you for the Super
9:48
chat. That one flying by.
9:49
William Negi, Thank you, my friend.
9:52
Always expected, never appreciated.
9:55
Oh no, wait. I said that wrong.
9:57
Always appreciated. Never expected.
10:00
Super chats help support the channel, and they're very much
10:02
appreciated. And I really appreciate it, my
10:04
friend. OK, now let's move on to the
10:07
next point. I learned something very
10:10
interesting, and you have an opportunity to learn something
10:14
here too. I was listening to an interview
10:16
with Rafi Farber. I listened to it two times last
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night. OK, it's by that Silver Digin
10:23
club. It's on YouTube.
10:25
You can put silver D e.g. EE DEGEN John Forrest.
10:31
Little was interviewing Raffy Raffy Farber and he asked him
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about this $100 ounce of silver to buy a house.
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And it's super interesting and you're going to learn something.
10:43
Hold on. I'm dealing with technology.
10:45
I'm dealing with technology. So we talked about $60,000
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silver and that's an environment where, yes, we could potentially
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see a window open where you could do things like buy a house
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for 100 ounces of silver. Speaking of 100, we got 100
11:03
thumbs up. It's time for me to ring the
11:04
bell. It's 10 rings for each.
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Like, that's ringflation, now $60,000 silver.
11:14
And you could be in a situation, and it might be brief, where you
11:19
could buy a house for 100 ounces of silver.
11:23
OK, and if you need to find a good place to get silver, check
11:26
out Pin Becks. They're sponsoring Ron's
11:29
basement now. These videos are made possible
11:32
from your support with things like super chats and from
11:36
sponsorship support like Pin Becks.
11:38
And Pin Becks is a company that I've worked with, I'm
11:41
comfortable with. I would only accept sponsorships
11:44
from companies that I believe in myself.
11:47
So if you're looking to buy silver, gold, or platinum, check
11:49
out Pin Becks. Now if you've got 100 ounces of
11:52
silver from a place like Pin Becks and we get in that
11:56
situation, it's going to be fast.
11:57
And Rafi even said that I have so much respect for him.
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I'm sure you do as well. But he said it might be like a
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two day window that opens okay and and but what I learned this
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is what you know this is what's fascinating.
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The way he said it the way he described it made so much sense
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like why would silver skyrocket? Why would silver suddenly become
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so in demand. And he talked about extras.
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Pyramid, right? Silver and gold are the base of
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all money, all the paper money, all the electronic money, all
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the debt, all the Bitcoins and other Kryptos and derivatives.
12:33
Everything's piled on top of this little base of gold and
12:38
silver. And you know why?
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Silver in particular can go crazy, besides all these other
12:44
industrial demand factors that we talk about all the time.
12:48
But there's there's really one big reason why.
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And that is if we get into a situation.
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Now, look, I'm not saying I think it's going to happen.
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Some of you may think this is going to happen.
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But when we get in a situation where the dollar completely
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collapses, right, which is what Kiyosaki was referring to, what
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are people going to go to? They always go back to silver
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and gold. Now maybe if the electricity is
13:11
still on and the Internet still working, Bitcoin might benefit
13:17
from that. But at the end of the day,
13:19
especially average people throughout the world, all these
13:24
average people, middle class people, what are they?
13:27
They can't. They're not going to run to
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gold. Gold will be prohibitively
13:31
expensive and you can't really. It's difficult to use gold to
13:35
barter or whatever. So if the situation arises like
13:38
the doomsday, OK, again, I'm not a I'm not a tin foil Hatter, all
13:44
right. But it's possible these things
13:46
do happen. That's when you've got a
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massive, I mean massive. Remember, you're one in 100
13:53
people, one in 200 people, a massive influx of people that
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are fighting over a very limited supply of silver.
14:00
And I can't help but bring this up.
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Look, look at what happened back in March and April this year
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when we had what was really like a papered over little, little,
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but it was big, but it was little banking crisis.
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You couldn't get silver. That's a good example.
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And that's probably minor compared to what we could
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potentially potentially see in the future.
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So the window may open and Rafi explained it so well and again
14:26
in the interview with John Forrest Little at the Silver
14:29
Digin Club, it was awesome, right?
14:32
This window may open, be prepared, right?
14:35
Like I think, I think if I remember him saying you might
14:38
have a day or two to act, that's the scenario under which that
14:42
happens. And why it happens again is
14:44
because average people, they still need to trade.
14:48
They still need to get goods and services.
14:52
And if we do have this, this, you know, Level 5 event, they're
14:59
going to go running to silver, our average people going to run
15:02
to Bitcoin. I mean I'm not this is not, not,
15:05
not going to be an anti Bitcoin. That is the electricity going to
15:08
work. Is your phone going to work,
15:09
your data plan going to work? I don't know, right.
15:13
I mean, especially if we get into a very difficult scenario,
15:17
it could be, it could be super interesting.
15:19
Let me look over my notes here for a second.
15:21
I want to make sure I didn't miss anything for you.
15:24
Thank you for being here Okay. Yep I got it all I demand spike
15:31
won't last for long. Silver and and again I know it
15:34
seems unfathomable but I'm talk to somebody from Venezuela and
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ask them what an ounce of gold or silver cost in the in the
15:43
Venezuelan. What is it Bolivar.
15:46
If I got that wrong you can roast me in the comments
15:48
section. No problem.
15:50
They'll probably tell you that whatever that price is right
15:53
now, to buy an ounce of silver in bolivars or the Venezuelan
15:57
currency. What has seemed unfathomable.
16:01
Unfathomable. I got it out just a few years
16:06
back, but now it doesn't seem so crazy.
16:10
Hold on, guys, I got to take a quick sip of coffee, but I'm
16:13
going to let you stay here with me.
16:16
Hold on one second. I used to not have a mutable
16:30
microphone and there was an outrage about my drinking sound.
16:35
So, so very, very, very interesting.
16:37
Now. Hey, thank you, Henny.
16:39
Wow, thank you for the Super chat.
16:41
Always appreciated, guys. Never expected.
16:45
Thank you any. Let's talk about the other side
16:48
of the coin. What do you say?
16:50
You want to talk about the other?
16:51
You want to talk about somebody who doesn't like silver and
16:53
thinks we're crazy and would call me a pumper or a promoter
16:58
or whatever the case may be? And I guess I am, because I do
17:02
wholeheartedly. I'm only telling you things that
17:05
I believe 100%, right? I tell you, you make up your own
17:10
mind. It's so important that you
17:12
analyze all the information out there and you make up your mind
17:17
for yourself. But this guy, Jeff Christian,
17:20
have you heard of him from the CP/M group?
17:23
Jeff Christian, CP/M Group. Don't watch him before, you
17:27
watch Rafi, watch him after. But he put out a new video about
17:30
silver and he claims that you know there's a plenty of supply
17:35
of silver. I think he actually said if he
17:38
had a client that needed to get 100 million up, he doesn't sell
17:41
silver. But he said if you knew somebody
17:43
who needed to get 100 million ounces of silver, that he's
17:46
confident he could get that lickety split for under $28.00
17:50
per oz. And his whole thesis as to why
17:53
we're crazy for liking silver is that yes, there's there every
17:59
year. There's the amount supplied and
18:01
the amount demanded by industry and by silverware and that type
18:06
of stuff. And then whatever's left over,
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that's what's available for investors.
18:12
And what it depends on is, do investors demand more than that
18:16
little chunk that's left over or less?
18:18
And right now it seems like investors are demanding less.
18:22
That probably explains why we see American Silver Eagles.
18:26
Have you been watching the American Silver Eagle?
18:29
Remember it seemed like just so a month ago you are paying
18:35
12/15/20 dollars over spot for an American Silver Eagle.
18:40
And now I was looking last night.
18:42
I was on pinbacks, my sponsors website, they have big tubes of
18:47
American Silver Eagles. This was last night for $556.
18:52
That was like if you paid with a with a checker or wire or
18:56
whatever, but that was for one tube that wasn't like you had to
18:58
buy a million tubes to get that. That was the price.
19:01
It's cheaper if you bought more. So the premiums on American
19:05
Silver Eagles have come down significantly.
19:08
So is there a bit of a pullback in demand from investors?
19:13
Probably right. But you know that's going to
19:16
happen. What I would say to Jeff
19:18
Christian is talk about what happened again back in March and
19:22
April when you couldn't find silver when it wasn't available,
19:26
right. Because we had a little crisis
19:28
that creeped up and the demand for silver went through the
19:33
roof. That's what you know, help send
19:35
these, these premiums on American Silver Eagles up to
19:38
what, 12/13/14 dollars. You know, I was saying, I'm not
19:43
saying I told you so, but I was saying back then I wouldn't
19:46
touch that with a 10 foot pole. You know, I bought some anyway.
19:50
I bought some 40% Kennedy half dollars and to me that was the
19:56
best deal going at that time. Now to me, American Silver
20:00
Eagles seem like a pretty I'm a little tempted.
20:02
Are you tempted? Let me ask you, tell me in the
20:05
comments section, are you tempted right now?
20:08
I didn't think I'd ever buy another American Silver Eagle.
20:11
So right now are you tempted? Yes or no?
20:16
To buy some silver specifically, are you tempted to buy some
20:20
American Silver Eagles? You can say yes or no.
20:22
We can get a feel. Thank you, Mark.
20:24
Razor, razor sharp. Thank you for the Super chat, my
20:28
friend. Thank you.
20:29
Thank you. Yeah.
20:31
Jeff Christian. There's like this.
20:33
You watch this guy. He's a little smug, OK.
20:36
He would, he would look down his nose at me.
20:38
I think he's an ex Goldman Sachs guy.
20:40
It's the CPM group. OK.
20:44
But we got to listen to what he says because you know, I think
20:48
he does have some good information and some good data.
20:50
But just because he says that, what I would say again is what
20:54
happens when that demand from the people over takes that
20:59
little bit of supply that's left over after industry uses it,
21:05
after you know all the other uses outside of investor demand,
21:12
what happens? And during this most recent
21:15
presentation he made, he talks about the demand for solar is
21:19
going up, up, up and he even said that they that they predict
21:23
that that will continue. The auto industry, it's kind of,
21:27
you know, we get he, according to his data, the auto industry
21:31
is kind of, I would say, stagnant in terms of their
21:34
demand for silver right now. But there's a lot of people.
21:38
I don't think he agrees. But there's a lot of people that
21:40
think with the electric cars coming out in the future, we're
21:42
going to see crazy demand there. What a joke.
21:51
What a complete, utter joke. You know, the economy is doing
21:57
just great, right? That's what we're told.
21:59
We know. What do you think's going to
22:01
happen when the economy craters? When it really craters, right.
22:05
We know there's a freight train of contraction coming as a
22:11
result of the Fed raising rates at the fastest pace in history
22:16
over the last year and a half. We everywhere we look, there's a
22:20
freight train of trouble. And this made me really mad.
22:24
All right. Yesterday they come out with
22:26
retail sales numbers. Let me read this to you and I
22:29
and I see if you can tell the part that made me mad.
22:32
And does this anger you as well? Bear with me here.
22:40
I'm. I'm getting there.
22:42
Just just hang on one second, please.
22:46
Okay, this is from CNBC. Yes, you know, they're they're,
22:52
they're the most respected source of unbiased news in the
22:56
financial sector. CNBC, almost as good as the
23:01
Children's News Network, CNN. If you want to know what's
23:04
really going on in the world, you got to watch the Children's
23:07
News Network and then you can make your list for Santa Claus.
23:15
And yeah, hope the Tooth Fairy shows up.
23:18
Retail sales increased 7.7%. I'm sorry, in July.
23:24
Better than expected as consumer spending is holding up and it
23:30
goes through all this data about, oh the the the consumer.
23:34
So strong retail. Aren't you feeling strong right?
23:38
Are you feeling it? Are you feeling how great the
23:41
economy is for you on an individual basis?
23:43
Don't you love going and paying $4.00 a gallon for gas, then
23:47
ridiculous amounts of money for food in rent for the first time
23:52
in history? This is interesting.
23:54
What does it mean that for the first time in the history of the
24:00
United States of America, now the average American is spending
24:05
more than 30% of your income just on rent?
24:11
But that sink in. First time in the history of the
24:15
country. But everybody's doing great.
24:17
Everybody's doing fine. You can use that money you're
24:19
saving at the gas pump to put toward rent.
24:23
Well, maybe not. Maybe it's better you just don't
24:25
have a car. Okay.
24:26
And be happy. Walk.
24:28
Walking's good for you. Exercise.
24:30
Yeah, Okay. The part that made me mad.
24:34
The part that made me mad. I got to find the part that made
24:39
me mad. Or I'll just have to tell you
24:40
here, Consumer spending held up. Well in July.
24:43
Inflation slowed. It's the Biden reeconomic
24:47
miracle with retail sales turning into stronger than
24:49
expected, showing blah blah blah.
24:51
The hold on here. OK, this is the part, this
24:57
sentence right here. OK?
25:00
As the numbers are not adjusted for inflation.
25:08
Think about that. They showed a consumer able to
25:11
keep ahead of price increases that have been prevalent for
25:15
over the last two years. If the numbers aren't adjusted
25:18
for inflation. And we know inflation officially
25:22
was like 10%. Unofficially, according to
25:26
Shadow Stats, Tattle, Shatts, Shadow Stats, whatever.
25:29
It's like 1518%. Whatever.
25:32
OK. So, yeah, we, we, we eked out a
25:35
little increase in retail sales, right.
25:38
But everything costs 10% more. That explains why trucking
25:42
volumes are down 10%. That explains why cardboard box
25:46
manufacturers are reporting a 10% drop in volume.
25:50
Think about it, guys. Think about it.
25:52
That's why the big shipping companies that ship things from
25:58
Asia to LA, the United States are reporting 10% drops in
26:03
volume. That's why Yellow trucking went
26:05
out of business, right? Sure, everything's great.
26:08
You know you were able to spend the same amount of money right
26:13
now that you were two years ago but but you're getting 10% less
26:20
And that is shown in what are what the in the in the statistic
26:24
that says between like I don't know is it 2020 and and now
26:29
people's real incomes. When you adjust your income for
26:33
inflation, your incomes down 10%.
26:35
But hey, retail sales are great. And by the way, oh, I can't.
26:39
I'm sorry. Please bear with me guys.
26:41
I gotta go there. I just.
26:43
I gotta go there. The Joe Biden economic miracle.
26:48
Bidenomics. What I like to call Biden on
26:50
tricks. OK, right.
26:54
They're spending $1.4 trillion more than they're bringing in
26:59
our government. Giving it, the whoever,
27:02
whatever, whatever they're spending.
27:03
I'm sure they're very, very responsible and how they're
27:07
spending your and my and your kids and your grandkids money.
27:10
But nonetheless, I digress. They're spending 1.4 trillion
27:15
more. Oh oh oh, and we had 2.4%
27:19
economic growth. Everything is great.
27:22
How the heck can you only have 2.4% economic growth when you're
27:25
running a deficit like that? Those clowns, right?
27:30
Or she'll be called them looters and criminals.
27:32
I don't know. You know, I don't want to get in
27:35
trouble, but my Lord, isn't it getting a little outrageous?
27:40
Hey guys, before I forget, please subscribe to my channel.
27:44
That really helps. It does.
27:46
Susie loves it. She.
27:48
I only get to come upstairs if I had a certain amount of
27:50
subscribers every day. And if I don't meet the gold and
27:54
I'm stuck down here and that means you got to listen to me
27:56
more in the basement. And the thumbs up is free.
28:00
And it really helps. And it really helps get this
28:02
word out to more people. It does, it works.
28:06
So if you could give this a thumbs up, that's free.
28:08
There's a little button, right? Looks like that.
28:10
Just press it. It's free.
28:12
It makes me feel good. Gives me a little more energy.
28:14
It's like a power button now so that made me mad.
28:18
Those numbers oh where we're doing You're doing great guys
28:21
you're you're doing just fine. Just be be happy let's get to
28:26
the next point because we got more to cover.
28:29
It doesn't end here. Grab yourself a cup of coffee
28:35
The bricks coming up and what what is today, the 16th 6 days.
28:40
The big bricks meeting. Robert Kiyosaki says we're going
28:44
to get a gold back currency. A couple other top people have
28:48
said we're going to get gold back currency.
28:50
The Russian embassy and what was it?
28:52
Zimbabwe put out a a a, a press release saying we're going to
28:58
have a gold back currency. Now everybody says we're not
29:01
going to have a gold back currency.
29:03
Did you guys just get 200 thumbs up?
29:05
You know what that means, huh? That's right, the old cowbell.
29:15
Thank you very much. But now we've got a lot of
29:19
people saying we may not get a gold back currency.
29:23
Now we talked about this ad nauseam, Not a big deal, right,
29:27
because we know the big picture whether or not we get announced
29:32
about a gold back, silver backed, commodity backed
29:35
currency between the bricks, bricks, countries.
29:40
We've got 75 percent, 85% of the world's population somehow
29:44
affiliated with the bricks. I missed a super chat.
29:48
Oh my gosh, I'll get to it. Coin shop, Chris.
29:50
Thank you. Thank you.
29:51
Andy Oakley. All right here.
29:53
That's important. We're going to talk about the
29:55
bricks guys. But let's recognize.
29:57
Hey Neil, thank you. Pizza for Jake.
30:01
I hear Jake is a Jake's custom parts is a good guy.
30:05
Thank you. And Mark Razor.
30:06
Yes, thank you. But we have some new news, some
30:10
new news from the founder of bricks.
30:15
The founder, right. The guy that.
30:17
The guy that started it all, huh.
30:20
You know, kind of like the Steven Spielberg of Bricks or
30:24
the. I don't know.
30:25
That probably wasn't a good analogy.
30:26
But, you know, I'm shooting from the hip with you guys.
30:28
OK, hold on. We got some interesting This is
30:35
good. All right.
30:36
Right, right, right. Bear with me.
30:38
Let me get to it. I don't know what I'm doing
30:41
wrong today. You know, my brain.
30:43
OK, here we go. OK, OK.
30:46
From Fortune Magazine. Fortune magazine.
30:51
Hey, I know you're maybe you're like me.
30:53
I'm 53 years old. When I was, like in my 20s,
30:55
Fortune Magazine was like a big deal.
30:57
I don't know, really know if it is anymore.
30:59
But anyway, I'm going to act like it's a big deal.
31:02
Fortune Magazine. Yes, that Fortune.
31:05
The Fortune 500 people. This is what they have to say.
31:10
It says headline a BRICS currency replacing the dollar is
31:15
a, quote UN quote ridiculous idea.
31:20
Now that comes from the top economist.
31:22
Not just any economist, right? This guy's at the top.
31:26
That means he's made more bad predictions than anybody.
31:31
It is. This is the top economist who
31:33
named the group. Then he says unless China and
31:37
India become allies, let me just give you this first little
31:40
paragraph because this is interesting in their push to
31:43
dethrone the US dollar. Really.
31:46
The bricks are pushing to dethrone the US dollar.
31:48
Can we get the 500 people on this live stream?
31:51
We've done that once before. That would be huge.
31:54
All right guys, tell your friends, join in in their push
31:58
to dethrone. The US dollar is the world's
32:00
largest reserve currency. The BRICS nations, just in case
32:04
you don't know, we're going to review Brazil, Russia, India,
32:08
China, South Africa have been talking up the idea of a common
32:13
currency for years. But Jim O'Neill, the veteran
32:18
economist who coined the term brick because the group did.
32:24
You know that it used to just be brick.
32:26
Originally. It didn't have South Africa in
32:28
it when he worked at Goldman Sachs in 2001, blasted the plan
32:36
this week. So we're getting more and more
32:38
news, more and more what seem to be reputable reports that we
32:42
aren't going to get a gold back currency announced now.
32:45
But I heard several other smart people say it's not a matter of
32:50
if it's a matter of when we get a gold back currency because if
32:55
the dollar, let's just real simply play this out.
33:01
These BRICS countries are moving away.
33:03
They're dedollarizing. Have you heard that term
33:06
dedollarization. Moving away from the dollar.
33:10
The dollar is going to be in big trouble.
33:13
Likely we don't know. I've got a crystal ball, but it
33:17
won't answer the question right but likely it looks like the
33:20
dollar. Do you know about the debt of
33:23
the United States government has 34 trillion and then you add on
33:26
Social Security and everything else it comes to like 198
33:29
trillion. There's no way, right?
33:32
And nobody's going to be buying the US debt and the feds going
33:35
to be printing and the dollar is just going to go kaputty,
33:39
Kaputty, OK. In that type of environment,
33:45
right when that is going on, these countries and they've
33:48
already talked about, they are going to want to have a currency
33:52
that's tethered to something tethered right.
33:56
It has a base. It works.
33:59
And that's going to be gold, right?
34:01
Maybe silver. I've even heard some people talk
34:03
about, man, maybe they won't have a common currency.
34:07
Maybe they'll just use gold to trade amongst each other.
34:12
Think about that. I mean, isn't that?
34:14
I mean, I it's it's like, hello, Captain Obvious.
34:18
It's there, it's ready. It's worked for thousands and
34:22
thousands and thousands of years.
34:25
Why not just use gold? Why not just use silver?
34:29
You know. Interesting concept.
34:32
Now this is, is is making my I hate that's this term but my
34:40
Spidey scents go off. My little alarm bells go off
34:44
that there's something going on with this and it's a big deal
34:49
and it does have to do with the bricks meeting.
34:52
But I just find it. Do you find it interesting?
34:55
Maybe a little peculiar that right before the big BRICS
35:00
meeting, suddenly two weeks ahead of time, there's been a
35:04
deluge. A deluge in Western media of bad
35:08
news about the Chinese economy. It's one thing after another.
35:13
Suddenly it's like their real estate markets crashing, Their
35:17
economy is crashing. They're making emergency moves
35:21
to to lower rates. They just did that the other
35:23
day. They're going to inject
35:24
trillions of dollars. Do they make you a little
35:27
suspicious that that that the timing of this and and and and
35:35
if China is indeed putting out all this bad news and do you do
35:38
you think that our economy is not tied to China?
35:41
Look, correct me if I'm wrong, but I've now heard several
35:46
Smart, reputable people say China saved the United States
35:51
behind behind. After the great financial crisis
35:56
we had, China bought a bunch of our debt.
35:59
They basically financed our ability to get out of the great
36:03
financial crisis. Now, right?
36:05
Remember, we sent Janet Yellen over there just recently.
36:08
We sent 100 year old Henry Kissinger over there, right.
36:13
And the Chinese are saying no more, no more at the same time
36:18
that the Saudis are saying no more, no more.
36:21
And the Saudis are very interested in getting aligned
36:25
with the BRICS countries. And there's, you know, that
36:28
could be actually I'm going to tell you something, I'm going to
36:31
tell you something. Nobody well very few people are
36:33
going to tell you this that that the big story coming out of the
36:37
BRICS meeting right isn't necessarily would wouldn't
36:42
necessarily be a gold back currency a GB C is we like they
36:46
get to call it CBDC we can call our currency a GB CA gold back
36:51
currency. It's not that's not the real big
36:54
news guys. The real big news story that
36:58
nobody's talking about because it's not good for the United
37:01
States of America, is if the Saudis to 1 degree or another
37:06
Saudi Arabia in the other Middle East countries that produce
37:10
significant amounts of oil, enhance or even outright joined
37:15
the BRICS countries. Because if you haven't learned
37:19
about the Petro dollar, do yourself a favor and dig in.
37:23
The dollar went from being backed by gold in 1971 to
37:27
basically being backed by oil in that alone could potentially as
37:34
that, as the Petro dollar unravels, could send shockwaves
37:39
through the world economy, through the value of the US
37:42
dollar. Most people, 99%, right?
37:45
You're 1%. You're one in 200 people, right?
37:49
You're a basement dweller. I'm glad you're here, Okay.
37:52
But they don't understand. They don't understand the value
37:55
of silver and gold and they certainly don't understand the
37:58
Petro dollar. And that could be a massive
38:01
deal. And do we have any indications?
38:03
Are there any indications? What do you think it means?
38:06
That the United we got 500 people.
38:08
All right, That's a big deal, man. 500 people.
38:13
Thank you but but but any indication that this petrol
38:17
dollar is unraveling right now right before our very eyes.
38:21
Do we have. What is what does it mean to you
38:24
when you hear that the United Arab Emirates Okay is now
38:29
conducting trade directly with India within their own sovereign
38:33
currencies, the rupee and the I forget the name of the United
38:37
Arab Emirate currency, the Darby or the Darb whatever.
38:40
And that they've even done some transactions for gold.
38:44
It was one of the biggest transactions.
38:47
It was a United Arab Emirates gold exporter who sold a bunch
38:52
of kilograms of gold to an Indian in the Indian paid with
38:57
rupees. Now that's a big say.
38:59
Oh, what's the big deal? Well, the big deal is that those
39:02
type of arrangements that never occurred in the past, you know
39:04
how, but they used, they likely would have used the US dollar.
39:08
So the big scary, and it is scary.
39:11
It's scary for me. It's scary if you live in the
39:14
United States. It's scary, OK, scary for you,
39:18
scary for me. It's scary for my kids.
39:22
It's scary for my potential grandchildren in terms of the
39:25
world that they may be moving into because the world is really
39:30
fed up with the United States. It's safe to say that I think I
39:35
have a First Amendment right. And I can say that.
39:38
And I can also say we don't have to feel bad about saying that
39:41
because we didn't do it right. And we certainly didn't benefit
39:45
by a lot of the actions that were taken that that that that
39:51
resulted in, you know, a lot of people not being real happy with
39:55
us right now. Let's hope for a bright future.
39:58
Okay Fitch rating agency. That's another big piece of news
40:02
about China. Right.
40:03
Bad news China suddenly, you know in horrible shape.
40:08
According to western media, Fitch Ratings has warned it may
40:12
reconsider China's A plus sovereign credit rating should
40:16
it's non government debt, liabilities balloon.
40:19
OK, well thanks Fitch. Didn't they just downgrade the
40:23
United States So they're not afraid to downgrade somebody?
40:27
Hey guys, now's your time. I want to hear from you three
40:31
question marks. You know the routine go to the
40:33
park where it says chat, You got to be a subscriber and I want
40:37
you to be a subscriber. Thank you to all the
40:39
subscribers. That helps a lot.
40:41
Thank you for all the Super chance and the support and you
40:44
guys send me packages. It's super nice and I love it.
40:49
Don't forget tomorrow we're going to open what I think I I
40:52
got a good feeling about this package from Sassy Silver
40:56
herself. I always feel like now I'm
40:58
saying the tongue twister when I say that.
41:00
So tomorrow's live stream will be the Sassy Silver live stream.
41:05
Original intent. My goal is my weight and sigh
41:09
over I'm a big boy. I'm a big boy too.
41:14
You know, I put a picture of my family when we were on with
41:17
vacation in Wisconsin, and I don't know what was wrong with
41:21
the camera, but I look like I was, like, really overweight in
41:24
the picture. Some of you even commented on
41:27
it. So anyway, maybe I need to get
41:31
my own weight. And silver doesn't sound like a
41:33
bad a bad idea. Marshmez, press that like
41:37
button. Metals go up.
41:39
Yeah, guys, if you press the thumbs up button, it's weird.
41:42
The price of silver in particular goes up.
41:44
So please, please give us a thumbs up.
41:47
Jake's custom parts wants his weight in pizza.
41:50
Jake, I'm going to be talking to your, I believe I'm told your
41:54
friend Andy Sheckman, what, in about two weeks.
41:58
So I can't wait to meet him. And I have a funny idea,
42:02
something I'm going to do that I think he's going to really like.
42:05
But I understand he thinks very highly of you.
42:08
So thank you, Neil. Thank you, Annie Oakley and our
42:12
friend Coin Shop Chris, for being here in moderating as we
42:17
breakthrough 500 people, 500 of us from all over the world.
42:22
I'm going to try to get off here before we get the 300 thumbs up
42:25
because you know what I got to do?
42:27
I got to hit, hit the bell with my nose.
42:29
I know it's unprofessional, but, you know, I'm.
42:33
I'm a man of my word. OK.
42:36
I'm a man of my word. Do we.
42:38
I'm looking for three question marks.
42:40
Michael Barker. Downgrade them all and upgrade
42:45
silver. Yeah, right.
42:46
Everybody's getting downgraded. Have you noticed that China.
42:50
The United States. I mean it would yeah it doesn't.
42:57
The whole debt based system doesn't make sense you know.
43:00
And Raffy Farber, I'm telling you guys check out this video.
43:04
Silver degen club DEGEN on YouTube.
43:08
Put in silver degen. That's the beginning of the word
43:11
degenerate club and put in raffy farber.
43:14
You'll be. It's came out a couple days ago.
43:16
John Forrest little. I hope I got that right, John.
43:20
God, you'll kill me. Sorry, I've been going for too
43:22
long here Anyway, interviewed him.
43:24
He's a super bright guy. And you're going to learn
43:27
something from watching this video and tell him Ron from
43:30
Ron's basement sent you. They're good guys.
43:32
Good people. Okay.
43:34
Check it out. I really recommend you do
43:37
because Rafi talks about this 100 ounce silver for a for a
43:41
house concept and and trust me, does a much better job of
43:45
explaining it than me in the basement.
43:48
Okay. All right, I'm starting to
43:50
wonder what's in that box that says pin backs on it.
43:53
I tell you what, when we take the, the blindfold comes off the
43:57
bear. For those of you who don't know
44:00
when gold hits $2500, I'm going to have a party here in the
44:04
basement, and we're going to find out what's in that box.
44:07
And that may not be too far in the future.
44:09
All right, let's be optimistic, because don't forget, nobody
44:13
likes gold. Nobody likes silver.
44:15
Only we do, OK? We're the smart ones.
44:19
The Navy Seal's of the financial world, right?
44:23
What everybody when the When the poop hits the fan, I got a fan
44:27
behind me. I guess you can't see it.
44:28
Maybe you can't. Anyway, when poop hits the fan
44:32
and actually got a piece of Well, anyway.
44:34
Nonetheless, what are people going to, who do they go to?
44:36
They'll go to the Navy Seal's. They'll go to silver and gold,
44:40
right. And when that happens, when just
44:42
a few more people come in, I can't say this.
44:45
I'm probably say it every day till gold gets to $2600, which
44:48
is what I'm predicting. When just a few more people join
44:52
us, that's going to be explosive for the metals prices, right?
44:58
And it's going to be a good day. We got a lot to look forward to.
45:01
All right, guys, I don't see any questions.
45:04
Oh, boy. Maybe I'm not looking.
45:07
Oh, OK. Question, question.
45:10
Where is it? Raffy's almost always spot on.
45:14
Yeah, I like Raffy Farber, you know?
45:17
Oh, we got 300 thumbs up. OK, here.
45:20
You know what? Let's use our silver.
45:22
This is an actual look at this, sent in by a viewer.
45:26
An actual silver, sterling silver bell.
45:30
Isn't she beautiful? I'll do it, 123.
45:36
Can't believe I'm doing that. My mom was really proud, Let me
45:40
tell you. You know, my mom joins in the
45:43
live stream sometimes. Sorry, mom.
45:47
Oh, boy. I got the best mommy in the
45:49
world. Okay.
45:50
Hold on. We had a question.
45:52
Where did it go? Dang it.
45:53
I'm not leaving yet. Oh, when?
45:56
When the cowbell hits the nose, okay crystal ball for 300
46:02
lights. Make a prediction.
46:03
Sassy Silver wants a prediction. I'll tell you what.
46:06
Here. This is Buddy Rumble's crystal
46:08
ball. Our old friend Buddy Rumble, the
46:10
Louisiana gold guru. Got to be careful with it.
46:13
All right, look at that thing. And this works.
46:15
You sent it to me all the way from Louisiana.
46:18
As I look into the crystal ball, you straighten it out.
46:21
Yeah, I see. I'm seeing $2400 silver by March
46:30
or April of next year. There you go, the bell, the bell
46:37
crystal ball, yes, fancy silver. We got that Okay, okay.
46:42
What do you think? Okay, here we go.
46:44
Alan has question. What do you think about Michael
46:47
Burry, Michael Burry shorting the stock market $1.6 billion,
46:53
what does he know that we don't? Let me point something out,
46:55
Alan, about that. First off, he didn't short, he
47:00
didn't sell short $1.6 billion worth of it's on the SPY right?
47:06
The SPIDER, the SPY ETF that tracks the S&P 500 and it's on
47:11
the QQQQ, the triple Q's that track the NASDAQ.
47:15
I think 100 OK, he didn't sell short directly $1.6 billion
47:22
worth of that ETF. What he did was by options which
47:26
on a notional value okay. So he it cost him a small
47:32
fraction of 1.6 dollars to buy a contract that gives them the
47:36
right to sell the SPY in the QQQ at a future date for a future
47:43
price, with the idea being that the price will have dropped
47:46
lower by then and he'll make a huge profit.
47:49
So he so he bought options. OK, which options aren't really
47:53
that hard to understand guys. If you did, if you ever get an
47:56
interest, just go into Google and say put options or call
48:00
options and there's some basic info.
48:02
He didn't a lot. Some people are saying, oh,
48:04
Michael Burry, this whole fund is short.
48:07
No, it from what I understand, he bought options and it's just
48:11
a Now that being said, even the fact that he did that means he's
48:16
not real optimistic about the future of the US stock market,
48:20
right. You can't argue that.
48:21
And Michael Burry, for those of you who don't know, is the guy
48:24
who predicted the collapse of the mortgage-backed securities
48:30
asset class back in 2008, 2007. 8:00 and 9:00 basically
48:34
predicted the great financial crisis.
48:36
OK, they made a movie, a movie about him.
48:41
Just think, when the Ron's basement movie happens, you're
48:43
going to be part of it nonetheless.
48:47
Nonetheless, he's smart and very much respected.
48:52
So what he does means a big thing.
48:55
Now the other thing to consider is that this information came
48:59
out of these big financial, I don't know if the hedge fund he
49:03
runs or what it is, but they have to put out what's called
49:05
the 13F form and that's at the end of every quarter.
49:10
So this was as of June 30th that he was super short of both the
49:15
NASDAQ and the SPY. It's interesting to note that if
49:19
I have this correct that the that both the SPY and the QQQ,
49:24
the things that he was short of and wanting had bet would go
49:27
down, had actually gone up now in the last six weeks.
49:30
I don't know where they stand now.
49:32
But nonetheless, when that guy who has been proven to be very
49:37
intelligent and able to, you know, that's what every investor
49:41
is trying to do is predict the future, right?
49:43
Look at all the factors involved and predict the future.
49:47
And if he's looking at the future, predicting the future,
49:50
and he sees trouble enough that he's going to make such a huge
49:54
short bet, that doesn't spell good news for the US economy,
49:59
for the US stock market, right. And we know what that means.
50:02
What does that tell us about the silver price and gold price?
50:06
That doesn't tell us absolutely for sure that they're both going
50:09
to skyrocket, right? But most people right now are
50:14
feeling that if the economy crap, the economy goes in the
50:18
pooper that that the price of silver and gold are going to do
50:23
very, very well. Mark Razor.
50:25
Another super chat. Wow, Sharp is a razor.
50:28
Mark Razor has a question too. Do you think precious metals
50:32
will be taxed when selling? Yes I do.
50:35
What we don't want to see is confiscation or a windfall tax.
50:40
OK, cuz even now technically if you buy let's say a $10,000 or
50:47
should we say 100 cuz I know you got your big your big money
50:50
million, but we'll say 100,010 thousand.
50:55
Let's say you have, let's say you buy $10,000 worth of silver
50:58
right now today in the price of silver double s in the next six
51:03
months, OK. And you go sell all that silver,
51:06
so now you get $20,000. Technically, that $10,000 profit
51:11
that you made is considered a capital gain.
51:14
I'm not offering financial advice.
51:17
Check this with your own tax accountant.
51:19
I do have a degree in accounting, but nonetheless,
51:21
that profit, right? You put 10 in, the price
51:24
doubled. You sold it for 20.
51:26
You made ten profit. You owe tax on the 10 profit.
51:30
Okay. Capital gains tax.
51:33
What we don't want to see happen is a special windfall tax come
51:36
through. Like if let's say, Silver goes
51:38
to, I don't know what's a high #660 thousand.
51:42
Yeah. Well, no, that could never
51:43
happen, could it? Excuse me.
51:46
Robert Kiyosaki. Well, silver goes to 60,000.
51:52
You know, they what we could see is what's called a windfall tax,
51:55
which means the government are lovely.
51:58
Trusted officials in Washington say all those people that were
52:01
watching Ron's basement for the last four years suddenly made a
52:07
windfall of profits. That's not fair.
52:10
We need to put a special tax instead of a capital gains tax.
52:14
We'll take 65% of any profit they made off their precious
52:18
metals. Yeah, that's what we'll do
52:20
because we need money. We're so good at spending their
52:23
money. We'll we'll, yeah.
52:24
So that's what we don't. And what we really don't want to
52:26
see is confiscation. Okay, that's that's, you know,
52:32
and I don't think that's going to happen because they don't
52:35
have to confiscate the gold. They can just print ball guy
52:38
money. This is his concept.
52:40
I give him full credit, but it's brilliant.
52:43
They don't have to print money. I'm sorry, they don't.
52:46
They don't have to confiscate the gold.
52:48
They can print money and just buy gold, right?
52:51
It's not like, it's not like 1933 when we were on the darn
52:55
gold standard, when things were, you know, different in the
52:59
world, right? When Roosevelt needed money, he
53:03
had to take everybody's gold and then instantly revalue it
53:06
higher, because then he could print whatever that additional
53:10
amount was that was created by revaluing gold higher overnight.
53:14
He could print that amount of money.
53:16
Plus he got to print that amount on the gold they already had.
53:20
But why do you think they took us off the gold standard in
53:23
1971? Because then President Richard
53:26
Nixon found himself in a predicament where he needed to
53:30
pay for the Vietnam War. Right.
53:33
They needed money, huh? Right.
53:35
Well, why didn't they just confiscate everybody's gold?
53:38
Because they already did that. Between 1933 and 1971, it was
53:43
illegal to own gold. So there was no gold technically
53:46
to confiscate, right? If you were holding gold, you
53:50
were a criminal. An absolute criminal.
53:53
I'll get to your question mark one second.
53:56
OK, so Nixon was in a real predicament.
54:00
He couldn't take anybody's gold. They, you know.
54:02
So he said, you know what? Forget gold.
54:05
That's too difficult. That makes it too hard for us to
54:08
make up money. And ever since 1971, this little
54:12
guy grew wings, right? It's like fairy money.
54:15
See it flying around? That's $2.00 bill, right, right.
54:20
How's that worked out for the value of your dollars since
54:23
1971? Ask yourself that question.
54:26
Compare silver and gold to the dollar during that period, Mark
54:29
Razor said. How would they know what you
54:33
paid for it? I I think that's a great
54:37
question, Mark. And I don't know that I have a
54:40
direct answer for that one. Maybe.
54:45
I don't know. You would have to be they would
54:48
rely on you being honest and telling them what you paid for
54:51
it, which would be the the, the, the right thing to do.
54:55
You want to be honest and tell them what you paid for it.
55:00
I'm not laughing about that last comment, by the way.
55:03
Hello. Annie Oakley.
55:04
It's good to see you. Susie's here.
55:06
Hello, Susie. Thank you, guys.
55:09
Yeah. Thank you for the Super chats.
55:10
Really super appreciated. OK.
55:14
Alright guys, thank you for being here.
55:18
I'm gonna look forward to seeing you next time.
55:20
Be well and I will see you soon.