Latest / Financial Survival Network / AI Chaos Fuels Gold and Crypto - Todd "Bubba" Horwitz #6344

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AI Chaos Fuels Gold and Crypto - Todd "Bubba" Horwitz #6344 · Financial Survival Network

• 0:00
  Speaker 1: You know that the Fiat currency system is nothing but
• 0:02
  Speaker 1: a big Ponzi scheme anyways, and that's their excuse and
• 0:05
  Speaker 1: how they are able to create new money. And I
• 0:07
  Speaker 1: think people have finally realized that you do need to
• 0:10
  Speaker 1: have some protection against inflation. I mean, we've got a
• 0:12
  Speaker 1: FED raid coming again, and what do you think that's
• 0:14
  Speaker 1: going to do on inflation?
• 0:15
  Speaker 2: You are listening to Carrie Lutz's Financial Survival Network, where
• 0:19
  Speaker 2: you get valuable information. You just can't find anywhere else
• 0:23
  Speaker 2: to thrive in today's trying times. You need the Financial
• 0:27
  Speaker 2: Survival Network now more than ever. Go to Financial Survivalnetwork
• 0:32
  Speaker 2: dot com and get your free newsletter and gift. Financial
• 0:36
  Speaker 2: Survival Network now more than ever.
• 0:43
  Speaker 3: And welcome you are listening to and watching the Financial
• 0:46
  Speaker 3: Survival Network.
• 0:47
  Speaker 4: I'm your host, Carrie Lutz.
• 0:49
  Speaker 3: Our good friend is back with us, Todd Bubba Horowitz. Todd,
• 0:53
  Speaker 3: it's great to have you back on the show. We're
• 0:56
  Speaker 3: talking pre call layoffs, huge layoffs, Amazon ups. Those are
• 1:01
  Speaker 3: like the stallwarts of the new economy, the digital economy,
• 1:06
  Speaker 3: and now it looks like they're unraveling here.
• 1:09
  Speaker 4: Hey, Carry, it's.
• 1:10
  Speaker 1: Great to be back, and they are unraveling. But again
• 1:12
  Speaker 1: where they're being replaced. You know, if you go back
• 1:15
  Speaker 1: for the original Industrial Revolution, there was plenty of jobs
• 1:18
  Speaker 1: for everybody because anybody could work on the line and
• 1:21
  Speaker 1: anybid could do things. Well. Now with the new world
• 1:24
  Speaker 1: of AI, those jobs are totally replaced and not anybody
• 1:28
  Speaker 1: can walk in and replace those jobs. You know, I
• 1:31
  Speaker 1: couldn't get a job today if I had go and
• 1:32
  Speaker 1: get a job. Thank god I'm old, and thank god
• 1:34
  Speaker 1: I'm self employed, but there isn't a job for me
• 1:36
  Speaker 1: because I don't understand the AI world. I don't understand
• 1:39
  Speaker 1: the technology world. And you know, it's going to be
• 1:41
  Speaker 1: very it's gonna be a real challenge because where are
• 1:44
  Speaker 1: people going to make money from. You can only get
• 1:47
  Speaker 1: so many you can only hire so many people at
• 1:48
  Speaker 1: Walmart or McDonald's or places like that. And that's part
• 1:52
  Speaker 1: of the destruction of this country that we're watching, all
• 1:55
  Speaker 1: thanks to our wonderful federal government.
• 1:57
  Speaker 3: Hey, well, they used to call it create to destruction.
• 2:00
  Speaker 3: I think they're going to have to find another name
• 2:03
  Speaker 3: for it now.
• 2:04
  Speaker 1: I tell you it's it's it's it's a horrible situation
• 2:08
  Speaker 1: that we're being put into.
• 2:10
  Speaker 4: Uh.
• 2:10
  Speaker 1: And of course that's the typical landing of a K
• 2:13
  Speaker 1: shaped economy. The upper twenty percent or so are doing well.
• 2:17
  Speaker 1: The balance is not doing well. And if you write
• 2:19
  Speaker 1: the letter K, that's what it looks like, and it's
• 2:21
  Speaker 1: it's it's not healthy and it's not going to be
• 2:24
  Speaker 1: good for business. Yes, the markets are still soaring higher,
• 2:27
  Speaker 1: but again, if you look at the volumes, look at
• 2:29
  Speaker 1: what's going on, it's not real healthy.
• 2:32
  Speaker 4: That's that's for certain here.
• 2:35
  Speaker 3: And yeah, so, so all these trade deals and everything
• 2:39
  Speaker 3: else aren't really going to annount too much, are they? No?
• 2:42
  Speaker 1: I don't think so. I mean, I think President Trump
• 2:44
  Speaker 1: has the right idea. But unfortunately, you know, we've become
• 2:48
  Speaker 1: lazy in America and people don't really want to work. Okay,
• 2:52
  Speaker 1: they're looking forward to that universal basic income check a lot.
• 2:55
  Speaker 1: Forty two million Americans are looking for that snap card,
• 2:58
  Speaker 1: you know, for for their food stamps. You know, it's
• 3:01
  Speaker 1: amazing how you always hear about Social Security runing out
• 3:04
  Speaker 1: of money, which is funded by the tax payer, but
• 3:06
  Speaker 1: you never hear about welfare or the programs running out
• 3:09
  Speaker 1: of money. It's kind of an interesting situation.
• 3:11
  Speaker 4: Yeah.
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  Speaker 3: Well, and another interesting situation about that's not money. Is
• 3:15
  Speaker 3: that a large percentage of the people receiving it aren't
• 3:19
  Speaker 3: even citizens of the United States.
• 3:22
  Speaker 1: You you hit the bullseye. The the the foreigners, the immigrants,
• 3:28
  Speaker 1: the illegal immigrants have figured out how to gain the system,
• 3:31
  Speaker 1: and they know more about their benefit programs than the
• 3:33
  Speaker 1: people who wrote the programs, and they know how to
• 3:35
  Speaker 1: get those benefits. And and unfortunately, I've seen and witnessed
• 3:40
  Speaker 1: many of them getting them benefits that are that are
• 3:43
  Speaker 1: not citizens of this country, which again tells you how
• 3:46
  Speaker 1: backwards a lot of our programs are, and how much
• 3:49
  Speaker 1: our government and and and the Senate and Congress really
• 3:53
  Speaker 1: don't care because all they care about is getting their
• 3:55
  Speaker 1: take out of the deal, not about really taking care
• 3:58
  Speaker 1: of the money that we have to pay for. Because
• 4:00
  Speaker 1: government doesn't create money.
• 4:02
  Speaker 3: They create debt, and they're very proficient at it too nobody,
• 4:06
  Speaker 3: you know, they create debt faster than a spouse heading
• 4:13
  Speaker 3: for the divorce court.
• 4:14
  Speaker 1: You know, hey, listen, if you and I lived like
• 4:17
  Speaker 1: the federal government, we'd be in bankruptcy quarter or jail or.
• 4:21
  Speaker 3: Both, which happens. Yeah, so we you and I, we
• 4:27
  Speaker 3: we go back aways. We've been talking about precious metals.
• 4:30
  Speaker 3: When the sheen was off of silver when it was
• 4:34
  Speaker 3: looking very oxidized and the yellow and gold was a
• 4:39
  Speaker 3: little too yellow for people, and all of a sudden
• 4:42
  Speaker 3: over the past year Todd and especially for silver over
• 4:46
  Speaker 3: the past three four months, everything's changed.
• 4:49
  Speaker 1: Well. I think it's first of all, you do have
• 4:52
  Speaker 1: central banks throughound the world by buying gold, and I think, look,
• 4:56
  Speaker 1: you know that the Fiat currency system is nothing but
• 4:58
  Speaker 1: a big Ponzi scheme anyway, and that's their excuse and
• 5:01
  Speaker 1: how they are able to create new money. And I
• 5:03
  Speaker 1: think people have finally realize that you do need to
• 5:06
  Speaker 1: have some protection against inflation. I mean, we've got a
• 5:08
  Speaker 1: FED raid coming again, and what do you think that's
• 5:10
  Speaker 1: going to do with inflation? You need an asset that
• 5:13
  Speaker 1: is going to keep up with the pace of inflation,
• 5:15
  Speaker 1: and that is gold or silver or even platinum. They've
• 5:18
  Speaker 1: had some very nice moves here, a little bit of
• 5:20
  Speaker 1: a pull back recently, but I see no reason that
• 5:23
  Speaker 1: they're not going to continue to go higher because I
• 5:25
  Speaker 1: think you watch these major economies and these major Fiat
• 5:29
  Speaker 1: currencies collapsing, and again this is the problem when you
• 5:32
  Speaker 1: overcreate debt and you have no backing on what your
• 5:36
  Speaker 1: currency is and of course you also don't have the
• 5:38
  Speaker 1: banks in line, because I continue to say that the
• 5:42
  Speaker 1: banks are in trouble, okay, and I continue to say
• 5:45
  Speaker 1: that they're over leveraged. But of course we never get
• 5:47
  Speaker 1: a fair and square report when they do those stress tests.
• 5:51
  Speaker 1: But at the end of the day, I think metals
• 5:53
  Speaker 1: have a much bigger one coming. I think this continues,
• 5:56
  Speaker 1: and I think inflation can you just a rise, which
• 5:58
  Speaker 1: will also help push the prices gold and silver much
• 6:00
  Speaker 1: higher as well.
• 6:01
  Speaker 3: Boot how high the gold and silver go, well.
• 6:05
  Speaker 1: I mean I would expect that slow might put it
• 6:07
  Speaker 1: break it down into a smaller period of town. I
• 6:09
  Speaker 1: would think that silver this year will probably closed plus
• 6:12
  Speaker 1: fifty and over fifty. It's below it got to fifty
• 6:15
  Speaker 1: three or fifty four. I would think gold will close
• 6:17
  Speaker 1: somewhere around it ties forty four to forty five hundred.
• 6:20
  Speaker 1: But I think next year, I think there's a good
• 6:22
  Speaker 1: chance that gold sees fifty five hundred and six thousand.
• 6:26
  Speaker 1: I think that silver seas sixty or north of that. Again,
• 6:31
  Speaker 1: I think that this metal rally is just beginning, and
• 6:35
  Speaker 1: normally the first leg of the bull market or the
• 6:37
  Speaker 1: big rally, is very sharp and very hard, which we've watched.
• 6:40
  Speaker 1: You've got gold up about sixty percent or seventy percent.
• 6:43
  Speaker 1: You get silver up about seventy five percent, and platinum
• 6:45
  Speaker 1: up seventy five percent. So these first legs, I think
• 6:48
  Speaker 1: you'll see a little consolidation, which I think we're seeing
• 6:51
  Speaker 1: right now, and then I think then I think there's
• 6:53
  Speaker 1: another push and then don't forget that if the equity
• 6:56
  Speaker 1: markets start to break down. I mean, the equities have
• 6:58
  Speaker 1: been running on no volume. But when they start to
• 7:01
  Speaker 1: break down, and they will at some point, they'll be
• 7:03
  Speaker 1: a solve that new money's going to want to go somewhere,
• 7:05
  Speaker 1: and that money, I think we'll go into the end
• 7:07
  Speaker 1: of the precious metals into the crypto space.
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  Speaker 4: Yeah.
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  Speaker 3: You know, the so called experts they were saying like
• 7:14
  Speaker 3: thirty five dollars silver by the end of twenty twenty
• 7:19
  Speaker 3: five and three thousand dollars gold, and the so called
• 7:24
  Speaker 3: experts have been proven wrong yet again.
• 7:28
  Speaker 1: Well, the experts are not really experts. There are people
• 7:31
  Speaker 1: that are being designated as experts, but they're basically ignorant. Yes,
• 7:35
  Speaker 1: they're highly educated and smart people, but they don't understand
• 7:39
  Speaker 1: how a free market economy works. One of the problems
• 7:42
  Speaker 1: that's happened in this country, and you and I are
• 7:44
  Speaker 1: probably on the same age. We've gotten farther and farther
• 7:47
  Speaker 1: away from a true free market thanks to the Federal Reserve,
• 7:51
  Speaker 1: thanks to Alan Greenspan, who started all this CREP back
• 7:54
  Speaker 1: in nineteen eighty, we don't have a true free market.
• 7:57
  Speaker 1: The Federal Reserve is so far off mandate that they
• 8:00
  Speaker 1: have no idea what they're doing. They didn't even follow
• 8:02
  Speaker 1: their own months. Okay, they don't let the free market
• 8:06
  Speaker 1: trade because there should be no reason for a rate cut,
• 8:08
  Speaker 1: and everybody knows that we should have a rate cut
• 8:11
  Speaker 1: because it's gonna spike inflation, and inflation is much higher
• 8:14
  Speaker 1: than they report. So again, you look at the average American.
• 8:18
  Speaker 1: How does the average American live and eat and feed
• 8:20
  Speaker 1: a family? You go to McDonald's. That cost you for
• 8:22
  Speaker 1: a family afore a cousha thirty five dollars a go
• 8:24
  Speaker 1: to McDonald's. Now, okay, so how does an average family live?
• 8:28
  Speaker 3: It's it's insane. And yeah, you look at the Federal Reserve.
• 8:33
  Speaker 3: Their original purpose was to keep prices stable.
• 8:37
  Speaker 1: That was that was a cartel move though that was
• 8:40
  Speaker 1: a crack they got. They pulled one over on on Wilson.
• 8:44
  Speaker 3: Yeah, and then the next thing was keep employment stable.
• 8:49
  Speaker 3: And now their third leg of that wobbly stool is
• 8:52
  Speaker 3: never let the stock market go down, right.
• 8:55
  Speaker 1: That's that has been the new thing since BERNANKI and
• 8:59
  Speaker 1: since since eight You know, again, this is where I
• 9:03
  Speaker 1: go back to the free market. You and I both
• 9:05
  Speaker 1: know that businesses come, businesses go, they go out of business,
• 9:09
  Speaker 1: somebody else comes to replace them. They've taken that part
• 9:12
  Speaker 1: of the equation out. They've allowed to get these companies
• 9:15
  Speaker 1: to get so big. And it does have nothing wrong
• 9:17
  Speaker 1: with the free market when you let it to work
• 9:19
  Speaker 1: honestly and freely. We should have big companies. And again
• 9:22
  Speaker 1: I have no doubt that people should make as much
• 9:25
  Speaker 1: money as they can. And all this stuff about taxing
• 9:27
  Speaker 1: the richinals of other stuff is a croc. But they've
• 9:30
  Speaker 1: truly destroyed the entrepreneurial spirit. The small business has been
• 9:37
  Speaker 1: hammered and hampered by this because they don't get the
• 9:39
  Speaker 1: same benefits as big business. And I think the Federal
• 9:41
  Speaker 1: Reserve is responsible for that and making that happen. Just
• 9:45
  Speaker 1: what their too big to fail statement and what they've
• 9:48
  Speaker 1: done and how they operate, because they are really nothing
• 9:51
  Speaker 1: more than the cartel. And if you go back to
• 9:53
  Speaker 1: the originators, you know, the Rochel family, Paul Warburg, JP Morgan,
• 9:57
  Speaker 1: and the Rocketfellers. Do you think any of those four
• 10:00
  Speaker 1: have the average Americans best interested hurt?
• 10:02
  Speaker 4: I doubt it, No, I think enough.
• 10:05
  Speaker 3: I think they're in it for themselves and they always
• 10:09
  Speaker 3: have been. And I don't know if they take pleasure
• 10:14
  Speaker 3: in what they're doing, but they certainly don't care about
• 10:19
  Speaker 3: you or I or.
• 10:20
  Speaker 4: Anybody else, No, sir. And and uh, you know.
• 10:24
  Speaker 3: They're they're really their appetite is beyond all reason. You know,
• 10:31
  Speaker 3: like when is enough enough? I know about growth, and
• 10:35
  Speaker 3: you got to have things growing or they die. But
• 10:39
  Speaker 3: theirs is just outright carnivorous.
• 10:43
  Speaker 4: Their appetite.
• 10:44
  Speaker 1: They want everything they want. Basically, they would love and
• 10:49
  Speaker 1: this is what the agenda of socialism in this country. Okay,
• 10:52
  Speaker 1: they would love to have socialism. Listen, if you're among
• 10:55
  Speaker 1: the upper five percent, with the upper ten percent, you
• 10:58
  Speaker 1: want socialism because nobody can ever catch up to you,
• 11:00
  Speaker 1: and all you do is benefit from it. It's it's
• 11:03
  Speaker 1: a bad deal, it's a bad program, and it's beyond
• 11:07
  Speaker 1: me how we continue to let it go this long.
• 11:09
  Speaker 1: Ron Paul was right, what is it thirty years ago?
• 11:12
  Speaker 1: He said, end the fed Okay, I mean that is
• 11:15
  Speaker 1: there is no need for a federal reserve, and that's
• 11:17
  Speaker 1: being proven out in the crypto space right now for sure.
• 11:21
  Speaker 3: Hey, so what about crypto where do you think it's heading.
• 11:25
  Speaker 1: That's hard to say. I mean, it's it's very valuable,
• 11:27
  Speaker 1: but I think I assume it will continue to go higher.
• 11:30
  Speaker 1: I you know, we're training it. What one hundred and
• 11:32
  Speaker 1: eleven thousand now, I mean, it certainly wouldn't surprising if
• 11:35
  Speaker 1: we close the year. I knew highs at one hundred
• 11:37
  Speaker 1: and thirty or so. You know, I can't make one
• 11:39
  Speaker 1: of those ridiculous projections that we're going to five hundred
• 11:42
  Speaker 1: or a million. Again, I look at it a piece
• 11:44
  Speaker 1: by piece. I think one hundred and thirty would be
• 11:46
  Speaker 1: very realistic. I think one of the best plays is
• 11:49
  Speaker 1: still in the ether and space or Solana, and again,
• 11:52
  Speaker 1: I think those are are great places. I'm not telling
• 11:55
  Speaker 1: you to take all your money and put there. I
• 11:56
  Speaker 1: think that you should have some exposure and certainly in
• 12:00
  Speaker 1: the in the crypto world, there's enough ATFS now that
• 12:04
  Speaker 1: if you don't want to get involved in the crypto self.
• 12:06
  Speaker 1: There's a lot of stocks that you can play the
• 12:08
  Speaker 1: crypto market with, and I think that you should have
• 12:10
  Speaker 1: some exposure to it because I think we're in the
• 12:12
  Speaker 1: very infancy of the crypto space, and I think it
• 12:16
  Speaker 1: has a weed out the criminals that you know, Listen,
• 12:19
  Speaker 1: we know that anytime there's money around, people you know,
• 12:22
  Speaker 1: try to take advantage of it. But if we weed
• 12:23
  Speaker 1: out all the crap coins and get into some real
• 12:27
  Speaker 1: business and you start to see more and more establishments
• 12:29
  Speaker 1: accepting bitcoin or etherum or others, I think that it
• 12:34
  Speaker 1: only grows fromers. So I think we're in the very infancy,
• 12:36
  Speaker 1: and I think there's a lot of potential upside, very
• 12:38
  Speaker 1: similar to gold, and I think it is like a
• 12:41
  Speaker 1: stored asset. And again, the beautiful thing about the crypto
• 12:44
  Speaker 1: space is it's a free market system traits twenty four
• 12:46
  Speaker 1: hours a day, seven days a week. Nobody gets in
• 12:48
  Speaker 1: the middle of it.
• 12:49
  Speaker 4: Yeah, yeah, agreed.
• 12:51
  Speaker 3: And although they're definitely trying to get their hooks into
• 12:54
  Speaker 3: it now, they've created the whole synthetic bitcoin space where
• 13:00
  Speaker 3: they're trying to manipulate the price of bitcoin using futures
• 13:04
  Speaker 3: and options and all their little games probably spoofing going
• 13:09
  Speaker 3: on in there as well, but it's much harder to
• 13:12
  Speaker 3: do it. And I think there's a connection between bitcoin
• 13:18
  Speaker 3: and silver as far as the synthetic markets go in
• 13:23
  Speaker 3: trying to control those prices.
• 13:25
  Speaker 1: I could see that. I mean, there's always been the
• 13:27
  Speaker 1: talk of silver, and of course one thing about a market,
• 13:30
  Speaker 1: though there has to be two sides of the market
• 13:32
  Speaker 1: to make an actual trade. But I could I could
• 13:34
  Speaker 1: certainly see the attempts to do that. You know, certainly
• 13:38
  Speaker 1: they've they've they kept the lid on silver for a
• 13:40
  Speaker 1: long time as the player's a cuma. That's one of
• 13:43
  Speaker 1: the problems with paper assets, you know, if you look
• 13:45
  Speaker 1: at like paper gold, I don't think there's enough gold
• 13:48
  Speaker 1: in the role to cover the amount of paper that's
• 13:49
  Speaker 1: written on. So uh, that's why I think it's very
• 13:52
  Speaker 1: important that anybody who invests in this should at least
• 13:55
  Speaker 1: buy some physical because I think that's where you're gonna
• 13:57
  Speaker 1: need it and you're gonna get paid.
• 13:58
  Speaker 3: All right, Well, Todd, just tell us where we find you,
• 14:01
  Speaker 3: how we connect with you on the web and your
• 14:05
  Speaker 3: website and all that good stuff.
• 14:07
  Speaker 1: Are you going to reach me at bubbatrading dot com
• 14:10
  Speaker 1: and You can also email me direct at Bubba bubbatrade
• 14:12
  Speaker 1: dot com. And for your audience, give you don't mind, Carrie,
• 14:15
  Speaker 1: I've written two books on auto trade options. Sure I
• 14:18
  Speaker 1: have PDF files. I'll be happy to give them to
• 14:19
  Speaker 1: anybody in your opins All if there is, email me
• 14:22
  Speaker 1: if they'd like to have a copy of the books.
• 14:23
  Speaker 3: All right, Well, the links in the show notes to
• 14:25
  Speaker 3: this interview on Financial Survival Network dot com and I
• 14:29
  Speaker 3: suggest you all write Todd get those pdf They will
• 14:33
  Speaker 3: be very helpful. And we've got a question or comment.
• 14:37
  Speaker 3: Shoot me an email kl at Carrie Lets dot com.
• 14:40
  Speaker 3: Todd always a pleasure.
• 14:42
  Speaker 1: Be well, Thanks, Kerry, I appreciate it.
• 14:43
  Speaker 4: Have a great one.
• 14:44
  Speaker 2: Thanks for listening to Carrie Lets's Financial Survival Network. Your
• 14:48
  Speaker 2: solution to today's trying times. For the latest, go to
• 14:52
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than
• 14:58
  Speaker 2: ever
• 15:03
  Speaker 4: Clus