Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT** U.S. Congressman GOLD STANDARD: How it Could Affect Your Silver & Gold Price
Transcript
- 0:00Silver and gold prices to the moon.
- 0:04Let's remember we've got the moon man in Washington.
- 0:08Rep Mooney from West Virginia. He has.
- 0:12Proposed in the past, actually put forth a bill to return the
- 0:16United States of America back on to the gold standard.
- 0:20How does that make you? Feel.
- 0:22What would that mean for the? Price of gold What would?
- 0:25That mean for the. Price of silver.
- 0:28But wait, there's even more. Because.
- 0:30Congressman Mooney just last week sent a scathing letter to
- 0:37our old friend Gomer Pyle, Jerome Powell.
- 0:39At the United States Federal Reserve, we're going to read
- 0:43what he had to say to Jerome. This guy is a warrior for you.
- 0:48And me, Silver and gold, precious metals investors.
- 0:52But what's going on with? Kitco.
- 0:54Breaking. News The Kitco website is down.
- 0:57Let me read. This to you now.
- 0:59Kitco is generally regarded as. Being one of the main sources of
- 1:03information. For a lot of people.
- 1:06In the silver and gold community and as we all know.
- 1:09They also sell a lot. Of gold and silver.
- 1:12I went to the Kitco website here.
- 1:14And this is what it. Says Kitco.
- 1:16Dot com and our online store are unavailable.
- 1:21Our website is currently. Experiencing A disruption due to
- 1:25a cyber security incident our team is actively working to.
- 1:30Resolve this issue as quickly as possible.
- 1:32We are committed to ensuring. The security and integrity of
- 1:34our services and apologize. For any inconvenience it might.
- 1:38Cause you can't get. A gold quote.
- 1:41And they're the best source, in my opinion, of the Spot gold.
- 1:45Price and silver price. Is there something bigger behind
- 1:49this? Are they?
- 1:51Shutting down Kitco, I don't mean or they should.
- 1:53But is there. Something.
- 1:54Could this become a bigger? Story or is it?
- 1:57An isolated event they've. Shut down their website
- 2:01altogether. I mean, I don't know.
- 2:03Guys, seems a little interesting to me.
- 2:05Kitco. Yes, that Kitco is.
- 2:09Down right now. Wow.
- 2:11Let's get. Back to our friend Rhett Mooney.
- 2:13OK, he's at it again. The Moon Man.
- 2:16I like to call him the Moon Man. This is the.
- 2:18Lone Ranger in Washington, right.
- 2:22He. Proposed.
- 2:23Let's just go back. And talk about when he.
- 2:24Proposed the gold. Standard and let's remember
- 2:27something. I had this conversation with
- 2:29Rob. Keats from the Silver Gold.
- 2:31Silver Pros. One of the smartest minds in the
- 2:34gold and. Silver sector, the United
- 2:36States. Of America enjoyed its most.
- 2:38Productive its glory years. The years when the United.
- 2:43States of America. Actually did a lot.
- 2:45Became. Great, right?
- 2:47Became the great country that some of us may say we were.
- 2:52Right. It all happened when we were on
- 2:54the gold and silver standard. When we're on the gold standard
- 2:57and we had silver in our money, OK, that's an absolute fact.
- 3:02We know that right now we've got legal tender legislation on a
- 3:05state. By state basis sweeping.
- 3:07The country somebody. Just gave me a super Chad, Jim.
- 3:10Thank you, my friend. Hold on, let me get back here so
- 3:12I can see Jim Hutchinson. He says Kitko is.
- 3:19Down and. Ronko is up.
- 3:21That's right, guys, Man, you guys cracked.
- 3:23Me up. Thank you for being here
- 3:25quickly. I just want to say thank you,
- 3:27right. This is not me and my basement.
- 3:30This is. Us.
- 3:31Coming together? Sure.
- 3:33I'm in my basement. You might be in your Where are
- 3:35you right now, huh? Put it in the chat, I'd be.
- 3:38Curious. Are you in your basement or in
- 3:40your family room? Are you in your car, right?
- 3:43Let me know where you're sitting.
- 3:44Not not. Geographically, maybe we'll do
- 3:47that later, but guys? We're all coming together and
- 3:49yes, Ronco is up and running. Apparently.
- 3:51You guys can see me and hear me. That is awesome.
- 3:54That was. That was a.
- 3:56Great. A great comment.
- 3:58All right back. On track here, OK.
- 4:01We're going to talk about Mooney.
- 4:03Let's talk about this gold. Standard legislation.
- 4:05This was crazy, what he proposed and what?
- 4:08He had to say to the. United States government This
- 4:12comes from. Bear with me.
- 4:15Bear with me. This comes from Rep Mooney's.
- 4:18Website itself just listen to. What he said when he wrote this
- 4:21gold, and so the gold standard. Put in the United States of
- 4:24America, back on the gold. Standard Mooney on A.
- 4:28Federal nationwide level guys. Is.
- 4:31Our man. Right.
- 4:32He's like the new. Ron Paul Mooney, Mooney Mooney
- 4:37with the Moon Man. We love him.
- 4:39He's for us. Listen to what he said.
- 4:42The Gold Standard Restoration Act.
- 4:46Today, Congressman Mooney introduced HR9157.
- 4:50This was a while ago, but nonetheless we just want to
- 4:53call, he calls on the US Treasury and the.
- 4:56Federal Reserve to publicly disclose all Gold?
- 5:00Holdings and gold transactions over the last thirty months.
- 5:03After which time the Federal Reserve Note, also known as
- 5:07Unicorn Fart dust also. Known as the dollar.
- 5:11Would be pegged to a fixed weight.
- 5:13Of gold and then mark at the at its then.
- 5:16Market Price Federal Reserve. Notes would become fully
- 5:19redeemable for and exchangeable. With gold at this new fixed
- 5:24price with the US Treasury. And its gold reserves,
- 5:27backstopping Federal Reserve banks as a guard tour, whatever
- 5:31that were guaranteed, basically. He says.
- 5:34Quote. The gold standard would protect
- 5:37against Washington's irresponsible spending habits
- 5:41and the creation of money out of thin air.
- 5:44That's what Mooney said. Quote.
- 5:46Prices would be shaped by. Economics rather than instincts
- 5:50of bureaucrats. No longer would our economy be
- 5:53at the mercy of the Federal Reserve.
- 5:56We. Are guys we're at the we're at
- 5:58the mercy well are. We or are you your own central?
- 6:02Bank let me pose that. Question to you if you.
- 6:05Hold physical silver if you hold.
- 6:08Gold. Right you are.
- 6:10At least to the extent. That you hold those metals
- 6:13acting as your own central bank and that is.
- 6:17So critical. Right.
- 6:18As we move into this next year guys, I'm it's.
- 6:22Going to be a hairy. 2024. Buckle a buttercup.
- 6:26Here we go. Hello Coin Shop Chris.
- 6:30OK, background. The Gold Standard Restoration
- 6:32Act also makes several. Findings as to the harm Listen
- 6:35to this. Listen to this.
- 6:36The harm that the Federal Reserve System.
- 6:40Now. Headed up by our old.
- 6:42Friend Jerome Powell has inflicted on.
- 6:44Everyday Americans, particularly since Richard.
- 6:47Nixon quote UN quote Temporarily suspended the gold backing of
- 6:51America's monetary system in 1971.
- 6:54The Federal Reserve Note. Has.
- 6:56Lost more than 30% of its purchasing power since the year
- 7:022030% gone since the year 2000 and sit down for this one.
- 7:10How does this make? You feel the dollar has lost.
- 7:1297% of ITS. Purchasing power since the
- 7:16passage of the Federal Reserve Act.
- 7:19In 1913. So you're going to tell me,
- 7:23right that the. Federal Reserve is good for you,
- 7:26good for me. How could you say?
- 7:28That when the dollar that's. What you?
- 7:30Worked for your whole life. That's what you may be working
- 7:34for. Right now that's what I'm
- 7:36working for. I mean.
- 7:37How does that make us? Feel right to think, oh, I'm
- 7:39working. For these dollars.
- 7:41And if I hold on to them and save them, well.
- 7:43I can be guaranteed they're going to become worth less or
- 7:47worth less. You know what I'm saying one.
- 7:49Way or the other. That's what happens, OK?
- 7:54The bill would also require Full disclosure of all central bank
- 7:58and US. Government gold holdings and
- 8:00gold related financial transactions.
- 8:03Over the last six decades, it requires the.
- 8:06Fed and the Treasury. To disclose all records.
- 8:08Pertaining to redemptions and transfers.
- 8:11This is where it gets. Interesting because this is
- 8:14older legislation, but we've got new news out of Mooney that
- 8:18we're going to talk about redemptions and transfers of
- 8:21gold of the United States in the last 10 years preceding the
- 8:26temporary suspension of of the gold standard in 1971.
- 8:31Guys, this guy is fighting for. Us we love.
- 8:35Mooney, Mooney, Mooney. Right now.
- 8:40Let's just play. A little make believe if we were
- 8:44to. Peg the dollar to gold.
- 8:47Many analysts if there's a range of estimates but but.
- 8:52As high as three. 150,000 that's what it would.
- 8:55Take a gold price. Some people say 350,300
- 8:59thousand. I've heard numbers all.
- 9:01Over the place if we were with all the debt.
- 9:04We don't. What about the derivatives?
- 9:06What about everything else to back?
- 9:09The dollar with real gold. It's unbelievable.
- 9:13The numbers. It's grown.
- 9:15It's crazy, you know that? It's interesting.
- 9:18We love Mooney. We support Mooney.
- 9:20But it gets even more interesting because he has some
- 9:24new news. He's not stopping there.
- 9:28Hold on a second. Let me read this to you.
- 9:31This comes from our friends at gold market dot sub stack dot.
- 9:36COM it's a sub stack. Look, I'm not a tech.
- 9:38Guru. I'm honestly don't you can tell
- 9:42right. I don't stay on top of all the
- 9:43big tech trends, but sub stack. Is where all the type top
- 9:46riders. Are going now, including the top
- 9:50riders and analysts within the gold and silver community.
- 9:54This one is called Gold Market dot substack.com.
- 9:58I believe that our good. Friend the silver Guru himself.
- 10:02Right, Mr. John Little is. Behind this, but don't quote me
- 10:05on that, but John Little also has.
- 10:07The pickaxe dot pickaxe. Dot substack.com P.
- 10:12ICKAXE John writes stuff every day about silver, about gold.
- 10:18He's another warrior, but let's listen to this from Gold.
- 10:21Market dot sub stack dot. Com US Congressman.
- 10:25Ask the Federal Reserve whether. Nations, what would it mean?
- 10:29Let me just pose this question to you if the All right, let me
- 10:34get back on track here. We already know and I we talk.
- 10:38About it every day, every video you watch about.
- 10:41Silver and gold brings this up. OK, whoa.
- 10:44Wall of Khan. Thank you.
- 10:45For the Super Chat. That central banks.
- 10:48Thank you, Wall of Khan. I appreciate that.
- 10:50Super chats are never expected. Always appreciated.
- 10:54But we know that the world central banks are buying gold
- 10:57like never before. Everybody knows.
- 10:59And the the the that's big on its own.
- 11:02The reason is why are the world central banks buying gold like
- 11:08never before? Have you thought about that?
- 11:10Why? We ask why we are.
- 11:12Basement dwellers? We ask.
- 11:15Why we don't just believe. This hit me the other day.
- 11:19I'm so glad that this came into my mind, like when I think about
- 11:22you. Guys.
- 11:23Right, when I think about. You individually because there's
- 11:25just. One you watching right now, my
- 11:27fellow basement dweller? But we're part of a group.
- 11:31We ask. Why we aren't the.
- 11:34People that just. Look at our talking box on our
- 11:37family room and say, well, that's what CNN says, so it's
- 11:40got to. Be true.
- 11:41No, we ask why is this going on? Why are the world central banks?
- 11:45Why? Why?
- 11:47Are the war Why? Would the World central banks
- 11:49ask? Andy Scheckman?
- 11:51Ask Vince. Lanchy I had a new.
- 11:52Video come out you. Got to watch this morning.
- 11:55Vince Lanchy, Super smart guy. He'll explain to you why.
- 11:59Why huh? Thank you guys.
- 12:01You're like. Overwhelming.
- 12:02Me with super chats this. Morning.
- 12:04Whoa, hold on one second here. Robert Della, thank you.
- 12:10And then wait a minute. Wait a minute.
- 12:12Oh boy, screwed this up. Uh oh, hold on.
- 12:16Uh oh, hold on. Technical problems.
- 12:18Hopefully you guys can still see me and hear me.
- 12:21See. Me Uh oh.
- 12:23Did I screw it up? Count Derpula, Buy.
- 12:26Gold Buy. Silver, Gold and Platinum.
- 12:28Or don't for me? Yeah, exactly.
- 12:31It's going to be a mad, mad rush.
- 12:34OK, let me get back on track here.
- 12:37Hold on. That's not it.
- 12:38That's not it. This.
- 12:39Is it why? Are the world central banks
- 12:42buying so much gold? What does it mean?
- 12:43And then what does this mean? What does this mean, Congressman
- 12:48Mooney? Asked the Federal Reserve
- 12:50whether. Nations are repatriating gold
- 12:54from New York. What would it mean that the
- 12:57world now is telling the West? We want our gold.
- 13:03You know, it used to be oh. We'll store our.
- 13:05Gold in new? York What would it also?
- 13:07Mean now that? The world is OK.
- 13:10In truth is truth and transparency from the.
- 13:12Federal Reserve Possible Or will we see more Fed?
- 13:15Stonewalling and jawboning the congressman.
- 13:20Ask Where's the gold? Listen to this crazy, OK,
- 13:23central banks around the globe continue to scoop up gold.
- 13:27US Rep Alex Mooney. Who's a Republican from West.
- 13:30Virginia is asking the Federal Reserve Chairman, Jerome Powell,
- 13:34some. Pressing questions about gold.
- 13:36Gold currently trades at. All time highs in most.
- 13:39Currencies, right. What is that?
- 13:42Telling us guys, Japanese yen, Chinese Yuan, Indian rupees.
- 13:47Are all over the world. Australia, Canada, Everywhere.
- 13:50Gold is at all time. Highs a couple, Sun 2.
- 13:53Weeks ago today we had. Gold at an all time high here,
- 13:57right here in St. Louis, MO.
- 14:00Right here in my. Basement, likely most.
- 14:02Of you are joining me from the United States, and a lot of you
- 14:05aren't. And that's great.
- 14:06Wherever. You are you probably already.
- 14:08Have gold at all time highs but. Here in the United States, we
- 14:11had gold. At an all time high everywhere,
- 14:14OK market insiders are claiming that Germany's Bundesh Bank.
- 14:19Bundesh Bank. Is again seeking to repatriate.
- 14:23Some of its gold vaulted within the the Federal Reserve Bank of
- 14:28New York. Wow, you guys are blowing me
- 14:31away this morning. OK.
- 14:33Thank you. For the thumbs up we.
- 14:35Already got 100? Thumbs up on A.
- 14:37Sunday morning, that means 10 Ringling dinglings of the bell.
- 14:40Can we get the 500 participants? If we get the 500, I'll ring the
- 14:48gong. OK, at 200, thumbs up, right?
- 14:50The cowbell gets rung. I'll give you a warning, those
- 14:53of you. That don't like bells, OK?
- 14:56So are the Germans wanting? Their gold back.
- 14:59Are they saying we don't? Trust you holding our.
- 15:02Gold, New York, Federal Reserve. We want our gold back.
- 15:05That's the question. But listen, the Fed recently
- 15:08refused. To respond to inquiries from
- 15:12Gotta the Gold Antitrust Action Committee about whether any
- 15:16foreign gold had been. Repatriated this year, so the
- 15:18Fed won't answer. We can't.
- 15:21Audit the amount of gold in Fort Knox.
- 15:24The Fed won't. Answer about the gold they.
- 15:26Have in New York. Why?
- 15:28Does that beg the question if gold so unimportant?
- 15:31If silver, so unimportant, was a pet rock, right?
- 15:36Just a pet rock. That's been valuable for
- 15:38thousands of years. Why we're asking?
- 15:40Why? That's what basement welders.
- 15:42Do Why can't we audit the gold in Fort Knox?
- 15:46Why won't you tell us, New York Fed about how much gold has been
- 15:52repatriated or? Requested to be repatriated.
- 15:56This year, does that make? You a little suspicious?
- 15:59Andy Scheckman talks about looking.
- 16:01For the crumbs, they don't. Tell us what's?
- 16:02Really going on, They feed little crumbs you got to.
- 16:04Put them all together, you got to look at all the trees and
- 16:08make the forest. Right.
- 16:09And you got to do that on your own.
- 16:10Don't listen to me. Trust.
- 16:12Me. OK, listen to me.
- 16:15Listen to yourself. Listen to other people.
- 16:17Develop your own thesis. But doesn't.
- 16:19It make you a little suspicious what is going on here back in
- 16:242013, that would be 10 years ago.
- 16:28The Bundes Bank. Asked the New York Fed to return
- 16:31300. Tons of its gold.
- 16:33But the bank inexplicably took. More than three.
- 16:37Years to fulfill the request. Oh, at three years, that's a
- 16:42pretty long. Time to ship some gold back,
- 16:45right? I can understand 3 weeks, 3
- 16:46months, three years. Hmm.
- 16:51Hmm. Why the incident?
- 16:53Raised doubts about the status. And security of foreign gold
- 16:58vaulted in the New York Federal Reserve since Germany's gold had
- 17:03been assumed to be held unencumbered.
- 17:06And in a segregated area. Within the.
- 17:09Fed's vault? Well then.
- 17:11Why, if they'd? Had Germany's gold sitting over
- 17:13in a special little. Corner that had a German.
- 17:16Flag by it said this belongs. To the Germans when the Germans.
- 17:20Say we want some of our gold back.
- 17:23How did it take 3? Years.
- 17:26Hmm. Why, we might ask ourselves,
- 17:30there's more this week. The Moon Man.
- 17:35Moonie Mooney, Mooney Mooney. Wrote.
- 17:41The Gomer. Pyle at the Federal Reserve.
- 17:43And said this, dear Jerome, I remain interested in the
- 17:49federal. Reserve's activities with
- 17:51respect. To the gold market.
- 17:54The gold. Price now hitting all time
- 17:57highs, is in some way a report card on your management of the
- 18:02current system of unbacked Federal Reserve notes and bank
- 18:07credit. Thank you.
- 18:08Mr. Mooney, you. Summed it up, you basically said
- 18:12to Jerome. We're sick of your Unicorn fart
- 18:15dust, Fiat paper, electronic, whatever the heck you're.
- 18:18Doing OK, What is going on? It gets better, Mr. Mooney.
- 18:23Mooney Mooney said. I am increasingly concerned that
- 18:28actions by the Fed. The US Treasury and deficit.
- 18:31Spenders and Congress have undermined the world's
- 18:35confidence in our. Currency that would be?
- 18:39The Unicorn fart dust, Why don't you Mooney?
- 18:41The only problem I have is one that you just call it what it.
- 18:43Is next letter you send to. Jerome, we want to hear, we want
- 18:46to see Unicorn fart dust in there.
- 18:48You have my full permission to use that.
- 18:50OK, making our nation more financially vulnerable, to say
- 19:00nothing of the impact of inflation on our own citizens,
- 19:05Right quench off. Chris and I just made a.
- 19:06Great video. It'll be out.
- 19:07Later today he did an unbelievable, unbelievable
- 19:12analysis of remember that movie Home Alone when Kevin
- 19:16McAllister. Went to the grocery store.
- 19:18How much? Kevin spent at the grocery
- 19:20store. In the movie Home Alone in 1990
- 19:23compared to how much he spent. Today, compared to the silver
- 19:28price did. Silver would Kevin had been
- 19:30better off buying Silver and if he had, back in 1990.
- 19:35How much of those groceries could he get today?
- 19:38I'm sorry, you're going to have to watch the video to find out.
- 19:42But it'll be out later. Today and also will we sing
- 19:45Jingle Bells at the end of that? Video It is the holiday.
- 19:48It's the holiday season. Holiday season?
- 19:52Will Coin Shop Chris join me and singing Jingle Bells?
- 19:55You'll have to watch the video to find out.
- 19:57I'm sorry. Let's get back to.
- 19:58Mooney. Mooney, Mooney.
- 20:02Please. Respond.
- 20:03This is This is Mooney to Jerome.
- 20:05Please respond in writing to the.
- 20:08Following. Questions no later than January.
- 20:1115th. 2024 And Can't I mean who's Mooney to be bossing
- 20:15around, Jerome? Powell at the Federal Reserve.
- 20:19Poor Jerome. He looks so scared when he does
- 20:24his press conferences. He's like a little boy.
- 20:26Who's Who's trying to say? I didn't steal.
- 20:29The cookies from the cookie jars, what it reminds me of, you
- 20:32know he's. Scared.
- 20:33He I think Jerome's a good guy at heart, but he.
- 20:36Knows that he is. He's just in a.
- 20:39Position where he's manipulated the.
- 20:41United States things are so. Screwed up it's.
- 20:43Horrible. Anyway, Mooney, Right, It's
- 20:46telling Jerome you. Got to get back.
- 20:48To me in writing and. Doesn't the the Federal Reserve?
- 20:51Guys is not part of our government.
- 20:54They lied about the federal. The Federal and Federal Reserve
- 20:58is no more federal than the Federal and Federal Express the
- 21:03Federal. Reserve is a privately.
- 21:05Owned bank, period. So we can boss them around.
- 21:09They work for you and me, supposedly as they.
- 21:13Steal our money. What a great deal.
- 21:15Here's what he. Tells them he wants to know has
- 21:17the federal. Reserve or the Federal Reserve?
- 21:19Bank of New. York repatriated any gold to?
- 21:23Foreign nations this year? If so, to which countries and
- 21:28how much point? #2 How much gold is the Federal
- 21:31Reserve vaulting? For foreign nations now and.
- 21:36How doesn't this? Compare to the amount vaulted at
- 21:38the end of 2022 and final question, Jerome.
- 21:43Does the New York Fed? Statement of November 9th.
- 21:46Asserting that the Federal Reserve.
- 21:48In the US, Treasury Department did not intervene in the foreign
- 21:52exchange markets during the July to September 2023.
- 21:57Quarter Cover the gold market. As well, were they manipulating
- 22:02the gold market during that quarter?
- 22:05Man, this guy is fighting for you and me, gold, silver,
- 22:09saying, you know brother and sister, right?
- 22:11He's saying. Gold but look for us silver
- 22:15enthusiast He's. Talking about silver.
- 22:18Is well can we get to 200 thumbs up guys.
- 22:21I'm going to ask him to beg you if you're.
- 22:23Having fun in the basement? I hope you are.
- 22:25It's a big. Honor, you're here.
- 22:26All I ask is you press. That thumbs up.
- 22:29It's like right down here somewhere, probably on your
- 22:32screen. That would be much appreciated.
- 22:34When we get to 200 thumbs up, I will ring the cowbell, which is.
- 22:36Loud and obnoxious. Just like our love.
- 22:39For each other and my appreciation for you being here
- 22:42with me in the basement. OK, Mooney's question about the
- 22:47Federal Reserve interventions in the gold market.
- 22:50OK, Fed interventions in the gold market.
- 22:54Echo concerns raised by some. Traders interesting in policy
- 22:59makers that the. Fed may be surreptitisily.
- 23:04What the heck does that? Word mean.
- 23:05Can somebody please type that in surreptitisily managing the
- 23:11gold? Price, I'm sorry, I should have
- 23:13looked that. Word up before I came on Look,
- 23:15math is my strong point, not writing or English.
- 23:19Surreptitisily. The central bank has disclosed
- 23:24its interventions in many other market markets, but it has not
- 23:29admitted to manipulating the gold market quote.
- 23:33Oh, this is. Great, This is great.
- 23:35And here's a quote. Americans, American, let me
- 23:39start over. And this is.
- 23:41Live, you know, So I screw up sometimes.
- 23:45Here, hold on. Hey, don't forget about Pembex.
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- 24:13From them on my own, OK, after I did my.
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- 24:35After they sponsor the channel, I'm going to tell you this based
- 24:38on the. Feedback.
- 24:39I've. Gotten, which has been
- 24:40overwhelming. Positive The basement.
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- 24:52and it's also true if you're ever considering doing an IRA.
- 24:55Rollover talk to them, call. Them, right?
- 24:59Listen to what they have. To say.
- 25:01Do your own due. Diligence.
- 25:02Do your. Own I'm not telling you or.
- 25:04Anybody what to do? But I will say you may benefit
- 25:07from talking to the guys at Pembecks whether you're buying
- 25:10bullion to get. Delivered to your house or.
- 25:12Doing an IRA comp comp comp conversion conversion, right.
- 25:17I think Pinbex is best. I think you will too.
- 25:20Pinbex dot. Com and it's.
- 25:21Fun to say, Pinbex. Maximize your medal for your
- 25:24money. That's my new slogan for Pinbex.
- 25:28OK, oh, here I got this flag. America, I'll ring the cowbell
- 25:34on a second. Mooney.
- 25:38We love Mooney. Right?
- 25:41Mooney the Moon Man. This is.
- 25:43Listen to this, Americans. Well, I don't think this isn't
- 25:47Mooney, but somebody else. I'll tell.
- 25:49You, who said this? Americans.
- 25:51That's this. These people deserve to know
- 25:55more. Details about the status.
- 25:57And use. Of US gold reserves and all
- 26:00other aspects of. Government gold activities,
- 26:04particularly as runaway debt. What do they mean, runaway debt?
- 26:11We're in good shape. We can just print more.
- 26:12Money. That's all we do.
- 26:14Right. Runaway debt and deficits.
- 26:16You mean like Biden, Ometrix? Where the.
- 26:19President of the United States of America spends $1 trillion
- 26:24more than the government brings in in revenue.
- 26:29That would be like you making 100.
- 26:31KA year, but you. Spend 180.
- 26:33K per year, That doesn't. Work, but anyway combined with
- 26:37the. Weaponization of the SWIFT
- 26:39payment. System threatens the world's
- 26:41confidence in the Federal Reserve.
- 26:43Note that was from Stefan. Excuse me, Gleason.
- 26:48He doesn't seem very. Glee, he's the president of.
- 26:51Money Metals exchange Rhett Mooney has long been a leader on
- 26:55a sound money issues in Congress, having introduced
- 27:00reforms. Such as the gold reserves.
- 27:02Transparency Act and the Monetary Metals Neutrality Act
- 27:07and the Gold Standard Restoration Act and the Digital
- 27:11Dollar Pilot Prevention Act. Woah, man.
- 27:16Then this goes on to talk about the.
- 27:18Gold Silver to gold ratio. I was talking to Coin Chef Chris
- 27:21this. Bears.
- 27:22We love gold. OK, we love Mooney.
- 27:25I got to ring the bell, then I want to talk about.
- 27:26This it's a very special. Thing when we get to 222 Thumbs
- 27:33up for you. I'm going to ring the bell.
- 27:35That's a tradition here in the basement.
- 27:37For some reason whenever I start to.
- 27:40Ring it, The Internet slows down.
- 27:57here, but we'll do a. Little extra for Annie.
- 28:02Tassie Silver. Oh, I forgot.
- 28:04Hey guys this is. One of the most important parts
- 28:07of the show. This is when, uh oh oh boy, hold
- 28:11on a minute. We've got technical problems.
- 28:14Oh no, my kids must be on the Internet.
- 28:16Hello. Oh, there you oh.
- 28:17Wait a minute. Did I lose you guys?
- 28:20Oh, no. Tommy, can you?
- 28:23OK, I think we're back. Wow.
- 28:25You guys, this is crazy. We got over 400 people on a
- 28:28Sunday morning. Hey look this is not possible.
- 28:32Without the eights the Great. Eights.
- 28:35That's the moderation team. Please tell them thank you,
- 28:38Annie Oakley. Jim and our friend coin Shop.
- 28:41Chris, I think Craig is here. Who did I sassy silver.
- 28:46I don't know who else is all here, you guys all.
- 28:48Of you, each and every one of the moderators make this show
- 28:51possible. Please give them some eights.
- 28:54Guys, seriously. All right, let's get back to
- 28:57this this. Article then goes on to talk
- 29:00about. Briefly, the gold to silver
- 29:01ratio, Silver to gold ratio. It takes, I don't know what, 85
- 29:06ounces of silver to get one ounce of gold.
- 29:09We. Love gold.
- 29:10We're not putting gold down. But I just want you.
- 29:12For a second to imagine. You've got four tubes.
- 29:16Of American Silver Eagles A. Tube, right.
- 29:18The plastic tube. It's got 20 American.
- 29:21Silver Eagles in it, right? That's like, whoa, that's heavy.
- 29:24That's cool you got. Value in your hand, baby.
- 29:26Timeless value. Imagine.
- 29:28Four of those tubes. Right, right.
- 29:31That's 80 coins. It actually takes more than
- 29:34that, but. You can trade those four tubes.
- 29:37And a few extra coins on top of it for one ounce of gold, I
- 29:41mean, and we love. Gold, right?
- 29:43The central banks of the world love gold in that same silver.
- 29:46There's only 8. Ounces of silver that are.
- 29:50Mined every year for each one ounce.
- 29:53Of that gold it is. It's like a magnitude.
- 29:56Of 10. It's unbelievable what is going
- 30:00on right now. Absolutely unbelievable.
- 30:04OK and. Why are?
- 30:05Why? Why?
- 30:06Why? Why?
- 30:06You know what? I wrote this down on the notes.
- 30:10I wanted to talk to you. We'll.
- 30:11Talk with you guys today. We talk about $300,000.
- 30:16Gold, right? If we go.
- 30:17Back on the gold standard. All that goes back to this idea
- 30:21that. Silver and gold are the.
- 30:23Base. Of the world money supply.
- 30:25Is it true? Is it real right?
- 30:28I don't know. You remember it's been 3 weeks
- 30:31and two days since I last. Talked with you about this.
- 30:35Extras Pyramid. EXTE.
- 30:39R Now who? Is John Exter Well, he worked
- 30:41for the. Federal Reserve in his entire.
- 30:44Career. He I think he only died like 15.
- 30:47Years ago, he was a fervent believer of this idea that all
- 30:52this digital. Money.
- 30:53All this electronic money. All this CB He see he.
- 30:57Didn't he didn't? Even know about CBDC's but all
- 30:59the derivatives. Everything.
- 31:02Everything. All this money, $307 trillion of
- 31:06debt in the world. All of this money, all this make
- 31:09believe fantasy world money that we're living with right now,
- 31:14right? Because, because the USA.
- 31:16Was the Hegemony power? For the last. 50 years and could
- 31:19do. Whatever they want and did all
- 31:21this. Craziness issued.
- 31:22All this debt. All of it.
- 31:24All of it. Is it's an upside down pyramid
- 31:28and down at the bottom. Right down here, this little pot
- 31:31right there that I see you, I can see you.
- 31:35That little pile at the bottom that backs up everything is
- 31:40silver and gold. But let's let's circle back and
- 31:45remember who. Wrote this, this was somebody.
- 31:48That actually worked for the federal.
- 31:50Reserve. OK, that silver and gold are
- 31:53the. Base.
- 31:54Of all money right now. Look, I already told you that my
- 31:58opinion, OK? There's going to come a day when
- 32:01everybody wakes up. I'm not saying we're going to
- 32:04have zombie apocalypse. We could.
- 32:06We could, right? I'm not.
- 32:08One of these guys that says you better get.
- 32:09Some silver and gold because you might need it to, you know, go,
- 32:14you know, cut off. Pieces.
- 32:15Little chunks of silver to go buy some.
- 32:18Bottled. Water or whatever we could.
- 32:20OK, I'm not putting anybody down.
- 32:22I don't in my mind think that's going to happen, but I.
- 32:25Do believe. That we are in the process right
- 32:28now of moving back the pendulum is the pendulum, right The
- 32:33pendulum swung. Way over here over the last 50
- 32:37years, right? Unicorn Fart does.
- 32:38Fantasy world, right? Paper money.
- 32:41And now that pendulum is swinging back.
- 32:45Can we look at history? As any indicator.
- 32:48That this is a. Yes, Lynette saying.
- 32:51We know why I had her on. Right.
- 32:53Talks about like. Hundreds and hundreds of.
- 32:55Paper, currencies. Fiat.
- 32:57Any Fiat? Money.
- 32:59Currency. In history, this is not the
- 33:02first time we think it's so different.
- 33:04It's because it's different. It's like your problems do you
- 33:07have? Problems in life, right?
- 33:09Like we're the only. Like sometimes it feels like
- 33:11we're the only. Person who has problems the.
- 33:12Reality is everybody has problems.
- 33:14The reality is the reality. Is this money system right, This
- 33:18Fiat? It's all we know, but guys, all
- 33:21we have to. Do is look at history.
- 33:23They've all failed. And what do they always go back?
- 33:27To silver and gold Right now are we in a new world?
- 33:30A new likely not, Likely not. And when things.
- 33:35Get hairy this. Time it's going to go.
- 33:37Back just like the previous. Occasions go back to silver and
- 33:42gold, right? They've been valuable for
- 33:44thousands upon thousands of. Years.
- 33:47What about geopolitics, right? That this is something do you do
- 33:52you find? Yourself, because I do.
- 33:55I'm in in error on this when it comes to the value of the
- 34:00metals. I don't think that I give
- 34:02enough. I look at it all.
- 34:04From an I'm because I'm a numbers guy from a numbers.
- 34:07Perspective. The value of silver gold.
- 34:09But there's. This other massive component.
- 34:12Right world geopolitical turmoil.
- 34:16That plays a major, major role in the gold and silver prize,
- 34:20absolutely plays a major role. Vince Lanci, when I was talking
- 34:25about and talked about how you know the world, the world is
- 34:28becoming more nationalistic. The Chinese are looking out more
- 34:32for the Chinese. The Americans are looking out
- 34:34more for the Americans. The Mexicans are looking out
- 34:37more for the Mexicans. Everybody's encamping themselves
- 34:41within their own little bubble and not trusting each other as
- 34:46much. And do we have geopolitical?
- 34:48Turmoil, guys. We have war in Europe.
- 34:50We have war in Israel. Five years.
- 34:54Ago. Today, you and I sitting.
- 34:56Here in the basement, if I told you that in five years we're
- 34:58going to have a. Big war in Europe and a big war
- 35:01in Israel. In the Middle East.
- 35:04You wouldn't have believed me. If I told you that half the
- 35:07world. Population right China.
- 35:10India. Brazil.
- 35:12Russia. Right.
- 35:14Saudi Arabia. The United Arab Emirates.
- 35:16Who else? Iran are banding together an
- 35:20alliance. Basically against the United
- 35:23States, you wouldn't have believed me.
- 35:26We don't give this. Geopolitical component of silver
- 35:30and gold, enough credit and some of the big guys and I've heard
- 35:33this. Lately.
- 35:34Because I, you know, we want to keep our minds open, say that
- 35:37that is one of the. Major, major drivers that that
- 35:41does bleed through. To the numbers and that does
- 35:45have a massive. Massive impact just over the
- 35:49weekend we're getting. Reports more drones being shot
- 35:52down in the. Red Sea, The Houthi.
- 35:54Rebels and Iran's involved and everything else we're kind of
- 35:58living. Do you feel?
- 36:00Like we're living in a. Powder keg world like it?
- 36:03Feels like things. Could get crazy.
- 36:06Like, super, super. Quick I don't know.
- 36:09Am I? You know, am I?
- 36:11Am I? And at the same time here in the
- 36:15United States, we're suffering from something.
- 36:19Yes, we're suffering, right. We're suffering from, we'll call
- 36:23it Silver and Gold Ignorance Syndrome.
- 36:29We know they say the United. States has an obesity.
- 36:31Problem has a problem with mental.
- 36:33Health, as all these problems we also have.
- 36:36Silver and Gold Ignorance syndrome.
- 36:39People just don't know. People just don't understand,
- 36:43right? They're in the fun house.
- 36:45I'm sorry, I'll. Stop it but I.
- 36:47Gotta say it one more time, this analogy, it's like all your
- 36:50fellow Americans are inside a fun house.
- 36:52There's. Smoke.
- 36:53There's those contorted mirrors that are like, hey, this is
- 36:56great, look how. Skinny I am.
- 36:58Look how good looking. Everything's wonderful, right?
- 37:01Right, They don't. Realize and everything's great
- 37:03inside that funhouse. And Jerome's adjusting the
- 37:06mirrors. Jerome's like, you know, like.
- 37:07The Wizard of Oz or. However, you want to say it
- 37:10right. They don't realize that they're.
- 37:12In a funhouse, they're living in a fantasy world, and the world
- 37:16is changing. The Saudi Arabians and the
- 37:18Chinese, even the Japanese, are saying, sorry, the United
- 37:21States, we're not going to finance your overspending
- 37:25anymore. We don't want your debt anymore.
- 37:28So they keep adjusting. The mirrors and hey.
- 37:30America, everything's great. Oh, consumer confidence is great
- 37:32in the United States. Unemployment is.
- 37:34Great. Here's a big consorted mirror.
- 37:37Here's a here's. One of those funny mirrors.
- 37:39You know the ones I'm talking about that are WAVY and right.
- 37:42Look, employment's great. As long as you got three jobs
- 37:46you're doing wonderful. Congratulations, right?
- 37:50People don't realize, right? You do.
- 37:53You're standing right by the exit of the fun house.
- 37:56Or maybe you've left the fun house.
- 37:58All together because at some. Point, right?
- 38:01Everything's great inside that fun house until, boom, it
- 38:04catches on fire. And that's when everybody runs
- 38:08for the door and that door. To that funhouse has silver.
- 38:13And gold. Emergency exit silver and gold
- 38:17written below it. And it's a little door and
- 38:19there's going to be a lot of people trying to run through it.
- 38:22At the same time, you aren't. You're going to want to be.
- 38:25Through the door. So you want to be?
- 38:28Right by the exit or out the. Exit already I'm standing
- 38:31outside. I feel like I've got.
- 38:32My 2 feet outside the door maybe?
- 38:34You got a foot inside. I don't know.
- 38:36And look, this is just my opinion.
- 38:38I want you to do your own work, make up your own mind.
- 38:41I'm not giving financial advice, I'm just sharing.
- 38:44With you what I see. Going on in the.
- 38:46World, right now, can we get to 300 thumbs up?
- 38:48Guys, we're going to ring the gong.
- 38:51Where's the gong? Where's the gong?
- 38:54There it is. That gong right there.
- 38:58Right above the bags of charcoal 'cause we're going to do it.
- 39:04Today it is happening. Congratulations, America.
- 39:12You're finally buying gold from Costco.
- 39:14Yes, CNBC themselves, $100 million of gold were bought from
- 39:20Costco. Yeah, maybe I'll get some.
- 39:23Toilet is that? Is that the way it works?
- 39:25Now I think I need one of those giant things of toilet paper.
- 39:28Some rib eye steaks and man, what the heck, might as well.
- 39:31Buy an ounce. Or two of gold. $100 million
- 39:35Americans bought from Costco. Now I look at.
- 39:39Costco as like a. Cross section of the country I
- 39:44think. Wealthy people go to Costco.
- 39:46I know some. Wealthy people that go to.
- 39:48Costco. I know some middle.
- 39:49Class people that go to Costco. And I know some, you know, you
- 39:53know, maybe people that are struggling to make ends meet.
- 39:55That go to Costco. Costco is a good cross section
- 39:58of the country. And people are buying.
- 40:00The guy the CFO. Is like we can't keep it in
- 40:04stock. We put it on our website and
- 40:08it's gone OK. Guys, it's like a cry.
- 40:12It's, it's just. Starting to percolate all right
- 40:15when it. Really catches up.
- 40:17You want to make. Sure.
- 40:18You're already through the exit door.
- 40:20That is critical. Because there's going to be a
- 40:22mad. Rush.
- 40:24To get hands on silver and gold, people are going to wake up, I
- 40:28think. What could happen?
- 40:29Is a bout of for lack, we'll say.
- 40:33Hyperinflation. But a spike in inflation next
- 40:37year? OK.
- 40:38When that next spike happens, right when people 'cause right
- 40:42now we kind of are in a deflationary environment
- 40:45temporarily, which will freak the.
- 40:46Fed out? OK, this is great.
- 40:49We just figured. It all out, guys.
- 40:50Now we know why. All right, All.
- 40:53Right. Let let let's talk about this.
- 40:55Now we know why. On Wednesday, Jerome said.
- 40:59We're going to have to lower rates next year.
- 41:01We're going to have to lower rates.
- 41:02You know why? Because we are dealing.
- 41:05With a. Little bit just a tiny teensy
- 41:07weensy, and it just takes a teensy weensy.
- 41:10It's like kryptonite, the Superman A tiny.
- 41:13Teensy weensy bit of deflation. Go to your local.
- 41:17ALDI go to your local. Walmart Grocery.
- 41:19Store the, the, CFR the. CEO of Walmart, Even said.
- 41:23It a couple weeks ago that they're.
- 41:25Foreseen deflation, even the tiniest hint of the that means
- 41:30prices of. God forbid that prices go.
- 41:34Down. God forbid the prices go down
- 41:37that Americans. Actually get lowered prices,
- 41:41right? Oil prices have been down,
- 41:43right? Because the world economy is
- 41:46slowing down, baby. It's the.
- 41:50Brakes had been put on, you know, like the big locomotive.
- 41:54That slammed his brakes. On and it takes a.
- 41:56While for it to slow, but it's really.
- 41:58Happening now. So we're seeing prices, God
- 42:01forbid, go down. Places like the grocery store.
- 42:05Go talk to somebody who sells cars.
- 42:07Go talk. To somebody who sells houses, go
- 42:09talk. To I'm talking to people.
- 42:11Everywhere I I was at a local. Restaurant the other day buying
- 42:14a gift card for my sister. For for.
- 42:16Christmas and I asked the lady selling me the gift.
- 42:18Card, I said. Are you seeing people?
- 42:20And it's a kind of a like an upper and not a, not a.
- 42:24It's a step above. Applebee's, but not like a.
- 42:26Super expensive restaurant. But a nice.
- 42:29Place, I said. Are you?
- 42:30Seeing I have a question for you, gift card salesman lady,
- 42:34are you seeing that people are eating out?
- 42:37Less this year as composed as opposed to last.
- 42:40Year. And she didn't say, Oh my God,
- 42:41yes, it's crashing, but she said.
- 42:43Definitely. A slowdown this year as?
- 42:46Opposed to what we saw. During the holidays last year,
- 42:48so the economy slowing deflation.
- 42:51Let's talk about Rocket. Fuel for the price.
- 42:53Of silver and gold okay rocket. Coin shop?
- 42:57Chris loves that. When we talk about rocket fuel,
- 42:59Rocket fuel, huh? You deserve it.
- 43:02We had. Rocket fuel during the 70s.
- 43:04Could we see that? Again, yes, because the
- 43:07situation now is incredibly more precarious than we were in in
- 43:11the 1970s. But now, now, right now, we're
- 43:15seeing some deflation. And what does deflation do to
- 43:18the Fed? They.
- 43:18Flip. A lid, I'm telling you,
- 43:21Basement. Dwellers if we all got on a bus.
- 43:23A silver colored bus. And we went to Washington and
- 43:27all. Stood outside the Fed.
- 43:29And all together, all at once. I want you to join me right now.
- 43:32Let's all make. Believe we're at the Fed.
- 43:34We're all standing outside the fence.
- 43:36They have to put up outside the federal.
- 43:38Reserve and we all put our. Hands like this, and on three
- 43:41we're going to yell deflation. 123 deflation.
- 43:46Now what you're going to see when we do that?
- 43:49Is they're going to scurry out like rats out the doors, out all
- 43:53the emergency? Exits.
- 43:54Like when the fun house catches on fire.
- 43:56Like we talked about earlier. Deflation will make the Fed
- 43:59freak. So does that explain, does that
- 44:03Aha, remember we? Always ask why?
- 44:07Why did? Jerome suddenly become dovish on
- 44:12Wednesday. I wonder if it has anything to
- 44:15do with the D word deflation. And then we get deflation and
- 44:22the Fed's freaking and the Fed is going to.
- 44:25Cut rates. That's their new bazooka.
- 44:27Now is rate cuts like Elmer Fudd, right?
- 44:34Jerome's kind of like a combination of Gomer Pyle and
- 44:36Elmer Fudd. They're going to shoot.
- 44:40They're going to do rate cuts next year.
- 44:42Rate cuts are going to make inflation spike when inflation
- 44:47spikes next time. Americans are like.
- 44:49Oh boy, I learned my lesson last time.
- 44:52This is bad. I need to do something.
- 44:55What do you think they're going to do?
- 44:56They're going to buy silver and gold.
- 44:58We get to 300 thumbs up on a Sunday morning.
- 45:01You guys have been. Super generous with super chats.
- 45:03I need to ring the gong three times gong warning this.
- 45:12Is for you. That was a bad.
- 45:17Hit We'll do one more. I bought this yesterday, a 1996
- 45:29Kawasaki Bayou. That, I now learned, has an oil
- 45:33leak and has me. Very upset, We all have.
- 45:35Problems in life. You're not alone.
- 45:37I bought a used ATV that supposedly didn't leak oil that
- 45:40I woke up this morning and I got a oil leak on my garage floor.
- 45:44Anyway I can be a? Little obsessive.
- 45:47Sorry about that. So guys, let's put it all.
- 45:50Together we got the moon man fighting for us in Washington.
- 45:54Gold Standard. He's nailing Jerome Powell.
- 45:58He wants answers. We're going to be watching by
- 46:01January 15th. Is he going to get the answers?
- 46:04Is the Fed. Is the Fed through their?
- 46:07Whatever committee manipulating the price of silver and gold, I
- 46:12mean, we know that JP Morgan manipulates the price of silver
- 46:16and gold. It's going.
- 46:17To be super. Interesting as we're in this
- 46:21environment now which is becoming very alert.
- 46:25I think Americans, right, the biggest economy in the world,
- 46:28are becoming very alert. We're already.
- 46:31Alert. We're already 2 feet.
- 46:33Out the funhouse. the Fed funhouse.
- 46:36We're not falling for the smoke and mirrors, right?
- 46:39We are a little bit ahead of the curve.
- 46:42All of this when we're in this environment where?
- 46:45Geopolitics have. Have become critical component
- 46:50to. The support price for.
- 46:51The metals. We want to protect ourselves.
- 46:54Look, you know, we know this can be a bumpy ride.
- 46:57It's not going to be straight up, but I think right?
- 47:00I believe you do. Your own due.
- 47:02Diligence that most of us have positioned ourselves.
- 47:06To be protected if. Indeed, even.
- 47:10Part. Of what we're afraid of.
- 47:12Comes to fruition, you know. I'll be here for you through it
- 47:15all. I appreciate.
- 47:15You being here today. Don't.
- 47:16Forget please. Subscribe to the channel.
- 47:19We're fighting for 31,000. By the end of the year we'll
- 47:22have a big party. If we hit it OK.
- 47:24Thank you for being here. Happy holidays and have a great
- 47:26day.