Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡THIS Transforms Silver and Gold⚡... Eliminate the US Federal Reserve (Congress and Senate)

Transcript

⚡THIS Transforms Silver and Gold⚡... Eliminate the US Federal Reserve (Congress and Senate) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  Ending the Federal Reserve. There is a growing number of
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  people, and not just people like you and me, gold and silver
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  enthusiast, but actual politicians who are put putting
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  forth the idea of ending the Federal Reserve.
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  We're going to give you examples of what's going on.
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  We'll talk about that, but we'll also talk about the reasons why
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  this is so important to you as an American, as a silver and
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  gold enthusiast, what it means for you on a personal level and
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  a financial level if this does come to pass.
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  And hey, look, there's nothing unpatriotic at all about wanting
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  to see the Federal Reserve ended.
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  Our Founding Fathers, people like Alexander Hamilton,
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  Benjamin Franklin. Look, I'm not a big history
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  buff, but Thomas Jefferson and a number of others are smiling at
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  the movement that's gaining steam to end the Federal
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  Reserve. But will it work?
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  Let's talk about it right now. The Federal Reserve is the birth
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  place of the paper Fiat Unicorn fart dust United States dollar,
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  and we know how it's worked for the dollar since 1971 when
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  President Nixon temporarily took us off the gold standard.
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  Gold and silver are the enemies of the paper Fiat dollar.
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  Let's take a look at a chart that will just blow you away,
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  that shows how gold in particular has performed against
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  the dollar since 19. The Harvard educated analyst
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  Lawrence Leppard has this to say about the dollar.
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  He actually has some choice words.
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  I'll let you see that on the screen.
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  But if we zoom into this chart, we see the dollar versus gold
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  since 1970. And as you can see on the right
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  hand side that shows the gold price in inverse order.
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  The dollar has just gone down and down and down.
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  I've heard estimates of the dollar losing 99% or 88% of its
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  value against gold since 1971 if the Federal Reserve were to go
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  away. And we're going to look at
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  examples of this growing movement at high levels to talk
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  about ending the Fed. If it were to go away the price
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  of gold and silver, the value of gold and silver would absolutely
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  skyrocket. Because right now there's a big
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  battle going on in the world as a whole between the US dollar
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  and precious metals. But let's just take a look back
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  at the president of the United States who actually signed the
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  legislation to create the United States Federal Reserve, Woodrow
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  Wilson. In 1919, a few years after
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  signing the Federal Reserve Act, President Woodrow Wilson said
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  this. I'm a most unhappy man.
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  I have unwittingly ruined my country.
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  A great industrial nation is now controlled by its system of
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  credit. We are no longer a government of
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  free opinion, no longer a government by conviction in the
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  vote of the majority, but a government by the opinion and
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  duress of a small group of dominant men.
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  I want to ask you a question. What has the Federal Reserve
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  gotten us? I'll show you right now a
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  skyrocketing U.S. debt level of probably $36 trillion plus by
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  the time you are watching this video, spiraling out of control.
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  Interest on our debt almost $1 trillion in AUS.
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  Federal budget deficit over $2 trillion.
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  But if you're anything like me, it's also gotten you much more
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  difficult to survive, to put food on the table, to shelter
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  yourself and your family, to even consider doing something
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  fun like going on a vacation. That's what the Federal Reserve
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  got us. And that's why we have a growing
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  chorus, not just people like us, but politicians who are
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  supporting examining this idea of is it really in our best
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  interest to have a central bank, to have a Federal Reserve?
• 4:24
  Thank you to channel sponsor Pembex.
• 4:26
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• 4:29
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• 4:32
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• 4:35
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• 4:49
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• 4:52
  Are you finding it hard to believe this concept that the
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  Federal Reserve could even possibly go away?
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  I can diagnose your problem. It's called recency bias, and I
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  share that problem with you. For almost all of us who've been
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  watching our entire lives, there has been a Federal Reserve.
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  We think it's been around forever because to us it has
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  been around forever, but it hasn't.
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  It was born in what, 1913? And it can go away in the future
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  as well. Our country did pretty darn well
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  for over 100 years without a United States Federal Reserve.
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  So who is talking about it? Who is this growing chorus of
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  people that are talking about examining the idea of ending the
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  Fed? Zero Hedge has an article titled
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  The Revolution Continues. The ranks of anti Fed
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  Republicans grow. They talk about how Senator Ron
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  Paul, although he's retired now, for 12 years he was the person
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  who spearheaded this movement to eliminate the Fed.
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  What's super interesting? And there he is, right?
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  And there's his book and the Fed that was a United States
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  senator, right? What was interesting is this
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  illustration in orange because it can be seen most obviously
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  with the bill itself in 2012, Doctor Paul's last term in
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  progress, Congress, his in the Fed bill didn't have a single Co
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  sponsor. It was him and him alone just 12
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  years ago. Now Fast forward to today and
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  two very interesting things have happened.
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  Because in 2024, introduced by Thomas Massie, the bill now has
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  23 Co sponsors from the House of Representatives, right,
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  including people like Biggs, Bobert, Breechen, Cloud Crane,
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  Hagaman, Norman, Tiffany Mills and Reschenthaler and many, many
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  more 23 Co sponsors in the House.
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  Yet also another new precedent was set with Mike Lee being the
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  first senator to introduce the bill into the upper chamber.
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  And let's go take a quick look at him.
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  He's got it on his website. He's the US senator from Utah
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  and right here at the very top, right, breaking the bank.
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  Senator Lee introduces a bill to abolish the Federal Reserve.
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  And on top of that, the article goes on to point out that these
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  senators, Congress men and women, are using social media,
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  using platforms like X right now to spread the word about ending
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  the Federal Reserve. I mean, what would it hurt?
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  We know that for 99% of the of Americans, the Federal Reserve
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  has not provided much benefit. Think about 1971.
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  I was born in 1970. What year were you born?
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  OK my I grew up in a very middle class family, had a great
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  education, went to a top university, all that great
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  stuff. But very middle class.
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  My family afforded a nice house, a couple cars, nice vacations.
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  My parents were able to afford although they did sacrifice, but
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  they were able to afford sending me through private schools and
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  only my dad worked up until the time I was about 12 years old.
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  Think about America now. Can a man with an average middle
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  class job or a woman be a sole provider for a family and come
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  anywhere close to being able to do that?
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  Absolutely not. Shouldn't things have gotten
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  easier with all this progress that we had?
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  They did get easier, right? And if you're a part of the 1%,
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  I'm not. But if you are part of the 1%
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  and you're watching this at your Country Club, well,
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  congratulations, you've benefited because of the Fed,
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  while the rest of the country, 99 or 99 1/2 out of 100 people
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  are finding life much more difficult.
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  It'll be interesting to see how this plays out.
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  Remember, in the end, if the Fed loses power and it's already
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  losing power in the world, we know that, but if it were to
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  dissolve, that would be unbelievably powerful for the
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  precious metals, gold and silver written into the United States
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  of America Constitution. I want to say thank you to
• 9:30
  channel sponsor First Mining Gold.
• 9:32
  They're a Canadian gold development company.
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  They have gold in the ground in Canada.
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  They're in the permitting process for a couple big
• 9:39
  projects that they have north of the United States border.
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  You can learn more about them at firstmininggold.com and our
• 9:47
  friends at Fortuna Mining. They're an operating producing
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  silver and gold company in Latin America, and they produce large
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  amounts of gold in West Africa. Thanks for being here.
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  It's going to be interesting to see how this all plays out in
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  the coming months, quarters and years.
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  You know, one thing for sure, I'll be here with you.
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  We can get together in the basement anytime.
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  Please come back and I'll see you soon.