Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 CRITICAL! - This is SCARY ✅ (Gold and Silver Price, U.S. National Debt!)

Transcript

🚨 CRITICAL! - This is SCARY ✅ (Gold and Silver Price, U.S. National Debt!) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Would you be mad if someone stole $680 from you if suddenly
• 0:07
  you had a new debt of $680? Like a bad news, My friends, it
• 0:13
  happened. And I'm going to explain to you
• 0:15
  how and why in this video Also, is the United States headed to
• 0:20
  bankruptcy? Let's call it what it is.
• 0:23
  We've got new proof that things aren't looking good for the
• 0:26
  fiscal situation in the United States.
• 0:28
  And what about the silver squeeze?
• 0:30
  Nobody's talking about that anymore.
• 0:33
  Silver squeeze can happen. We'll cover that as well.
• 0:38
  The most important thing we need to cover is welcome.
• 0:42
  Welcome basement dwellers. What a big, big honor that
• 0:45
  you're here with me right now in the basement.
• 0:47
  Remember, there's limited space, so get get in here while you can
• 0:52
  and stay here while you can. On a serious note, it's a big,
• 0:55
  big deal when you come down here and join the club, right?
• 0:59
  We used to call ourselves the Mr. Rogers Neighborhood for
• 1:02
  silver and gold enthusiasts. Whatever we call ourselves, we
• 1:06
  love each other. We love to talk about silver and
• 1:08
  gold. Thank you for being here.
• 1:09
  Please subscribe to the channel. We're trying to get some more
• 1:12
  subscribers. Give the video thumbs up.
• 1:15
  It gets the news out to more people.
• 1:16
  And thank you in advance for any support.
• 1:18
  Super chats never expected at all, but always super
• 1:22
  appreciated. Did somebody steal $680 from
• 1:27
  you? Let's talk about the United
• 1:29
  States going bankrupt first and see how I'll prove to you that,
• 1:34
  yes, last week somebody stole $680 from you.
• 1:39
  Let's go out to The Economic Times.
• 1:41
  They have a rather harsh article.
• 1:44
  Thank you, Dana Webb for that super chat, super appreciated
• 1:48
  regarding what is going on right now in the United States.
• 1:52
  Let me make sure I've got you guys up on the screen, which I
• 1:55
  do. Thank you again, Dana, for that.
• 1:58
  And here we go. The Economic Times says America
• 2:03
  headed for bankruptcy. U.S.
• 2:06
  National debt skyrockets $204 billion in one day, raising
• 2:12
  alarms. Here are the key factors.
• 2:15
  Before we go any further and we're going to get to your $680
• 2:19
  that you got ripped off, let's remember this our favorite new
• 2:23
  chart, gold to debt. This chart shows unequivocally,
• 2:28
  undeniably the fact that as debt goes up the black line from what
• 2:33
  1966 through today as the as the debt levels went up in the
• 2:39
  world. But this in specific US public
• 2:42
  debt, the gold price, the silver price have gone up as well, OK.
• 2:47
  So save that picture in your mind as we talk about what is
• 2:52
  going on with the US national debt and how somebody, I'll just
• 2:56
  tell you right now, you want to know how somebody ripped you off
• 2:59
  for $680 in one day, guys? And we noticed this last week.
• 3:04
  We were on top of this, the US national debt shot up in one day
• 3:08
  by $204 billion last night. I thought, man, that's a lot of
• 3:13
  money. And I thought, there's 330
• 3:15
  American, million Americans, right?
• 3:18
  You, a lot of you, most of you are joining me from America.
• 3:21
  There's 330 million of us. I thought, I wonder how much
• 3:25
  that is per U.S. citizen. And I thought that's probably
• 3:28
  around $6570 per citizen. No, wrong.
• 3:33
  If you divide $204 billion by 330 million U.S. citizens,
• 3:40
  that's a $680 debt that you incurred, that you that you was
• 3:47
  put on your books. We now owe per each U.S. citizen
• 3:53
  in one day last week, $680. To me, that's a Kenda theft
• 3:58
  because what are they spending this money on anyway?
• 4:00
  The Economic Times raising alarms. the US national debt
• 4:05
  skyrocketed on the very first day of the new fiscal year,
• 4:09
  jumping $204 billion to a new record high of 35.7 billion.
• 4:14
  What's worse is that the Treasury also had to draw down
• 4:18
  its cash balance by 72 billion. That's over $275 billion in the
• 4:24
  red. The Treasury is in the red.
• 4:27
  Oh Lord. The new record amount of U.S.
• 4:29
  government debt on the first day of the government fiscal year
• 4:33
  amounted to 204 billion in a single day.
• 4:37
  Who's who's calling for bankruptcy?
• 4:39
  Because this data sent shock waves across the country with
• 4:44
  many saying that America is headed for bankruptcy, right?
• 4:48
  We know what Jamie Dimon's saying.
• 4:50
  We know what Ray Dalio saying. We know what Jeffrey Gunlock,
• 4:53
  the gurus are saying. They're warning, warning.
• 4:56
  We know what even Jerome Powell from the United States Federal
• 5:00
  Reserve, oh boy, guys, let's get back to this bankruptcy.
• 5:03
  But before I forget, we know little secret for us basement
• 5:07
  dwellers, right? If you look over my left
• 5:09
  shoulder, not the Pinbacks box. You know, we'll talk about
• 5:12
  Pinbacks in a little bit. We have a new character in the
• 5:15
  basement. There's an elephant in the room,
• 5:18
  right? A big problem in the room.
• 5:20
  And do you notice he's right next to the American flag?
• 5:24
  There's an elephant in the room. And that element is this
• 5:31
  elephant. OK, Tesla CEO Elon Musk was
• 5:36
  prominent among those. We have all these people warning
• 5:39
  of bankruptcy, but Elon Musk who posted on X saying America is
• 5:45
  headed for bankruptcy, right? And the math draws that out.
• 5:49
  Don't worry. We're going to pay our daily
• 5:51
  visit to the US debt clock here in a second because we need to
• 5:53
  check on that silver to dollar ratio.
• 5:56
  But the ratio of federal debt right now to GDP is a critical
• 6:00
  metric for assessing fiscal health.
• 6:03
  It is projected to rise approximately 99% in 2024 from
• 6:10
  approximately 99% in 2024 to about 116 percent 2034,
• 6:17
  reflecting concerns about long term sustainability of interest,
• 6:21
  cost and mandatory spending. Guys, this does not work.
• 6:24
  This results in printing of money by the Federal Reserve.
• 6:29
  Printing, printing, printing. It's all they can do in very
• 6:33
  simple terms, devalue the US dollar, skyrocketing inflation
• 6:40
  in you right as a silver and gold investor being very happy
• 6:44
  that you've invested, you've bought out, took out an
• 6:47
  insurance policy against paper money, against Unicorn Bart dust
• 6:54
  in that you own silver and gold. Here's the key factors that are
• 6:57
  contributing to the debt surge. Interest cost.
• 7:00
  Interest payments on the national debt have been a major
• 7:03
  driver of this increase. In the 1st 10 months of the
• 7:06
  previous fiscal year, interest cost totaled almost 956 billion,
• 7:11
  marking a 32% rise compared to the same period in 2023.
• 7:18
  Our interest expense is skyrocketing, which means the
• 7:22
  deficit is skyrocketing, which means the total national debt is
• 7:26
  skyrocketing, which makes the interest expense get even
• 7:29
  bigger. It's a doom cycle.
• 7:31
  It's a debt spiral budget. The budget deficit also
• 7:35
  contributed for the for the fiscal year has also been
• 7:39
  substantial. By July of 2024, the deficit had
• 7:43
  reached only $1.5 trillion. Don't forget a trillion is
• 7:48
  1,000,000 * 1,000,000 also contributing rising debt levels.
• 7:55
  Just one component of the debt spiral, the Whirlpool that we're
• 7:59
  in. the US national debt has been on an upward trajectory,
• 8:03
  having crossed 30 trillion mark in February of 2022 and now
• 8:08
  standing at approximately 34 trillion U.S. dollars.
• 8:13
  Economic factors, right? The economic landscape landscape
• 8:16
  continues to be impacted by various factors including
• 8:20
  inflation, global uncertainties. These conditions affect
• 8:24
  government revenues and expenditures, complicating
• 8:26
  efforts to effectively manage the debt.
• 8:29
  We are headed to bankruptcy. Sorry to have to break the bad
• 8:33
  news to the American people. We are headed towards bankruptcy
• 8:36
  unless something major changes. This will result in printing of
• 8:42
  money. This will result in people that
• 8:44
  have bought real hard assets up to and including things like
• 8:48
  silver bullion and gold bullion. They are going to be very happy
• 8:52
  that they hold them. They likely already are and that
• 8:55
  likely includes you. Let's run out and check on the
• 8:58
  US debt clock. We are keeping a close eye guys
• 9:02
  on the silver to dollar ratio, but just to make sure, yeah, the
• 9:06
  US national debt continues. We're almost at 36 trillion,
• 9:11
  right? This is the interest expense
• 9:12
  they talked about. Don't forget the interest
• 9:14
  expense goes into the federal budget deficit, which makes the
• 9:19
  debt, it's a big debt spiral. But I wonder, I just wonder if
• 9:23
  the dollar to silver up there, we are getting close basement
• 9:28
  dwellers, $698, this has been increasing.
• 9:33
  I think yesterday it was 694 for each one ounce of silver that's
• 9:38
  produced throughout the entire world, OK, not just the United
• 9:43
  States, right? For each one ounce of silver
• 9:46
  produced in the entire world, the United States government is
• 9:49
  creating $698 of paper money via the M2 money supply.
• 9:57
  We are. Are we at the end?
• 9:59
  Are we? Are we?
• 10:01
  I know Raffy Farber likes to call it the end game.
• 10:04
  Are we at the end? Are we at this point where
• 10:07
  things go from happening like slowly, slowly.
• 10:11
  I know Andy Scheckman likes to compare it sometimes to a Jenga.
• 10:14
  You know, Jenga, that game where you have all the wood stacked up
• 10:17
  and you're and it's everything's fine, everything's fine.
• 10:19
  And then boom, who knows, right? Maybe they can, maybe they can
• 10:24
  continue the magic, right? The illusion, right, the smoke
• 10:29
  and mirrors for a little bit longer.
• 10:31
  But it certainly feels like we are headed towards, let's just
• 10:37
  say, a very, very interesting time.
• 10:38
  Let's talk about, let's talk about the silver squeeze.
• 10:42
  OK, Silver squeeze when the world panics, snowballs, and the
• 10:48
  silver price potentially skyrockets.
• 10:51
  OK, let's talk about unbelievable data about
• 10:56
  something that we don't talk about a lot anymore.
• 10:58
  We talk about solar panels, but guys, just electric vehicles.
• 11:02
  Wait till you hear this data coming out of China regarding
• 11:06
  electric vehicles. And I got news for you, most
• 11:08
  Americans are in the dark that this is even going on.
• 11:13
  Before we do that, let's run out the channel sponsor, Pimbex Pi
• 11:17
  MB EX. I'll press the magic button.
• 11:21
  And it would really be magic if the price changed today because
• 11:24
  the silver and gold markets are closed.
• 11:26
  But look guys, $26157 gold price silver 3225.
• 11:32
  It's going to be a big week in the silver market.
• 11:35
  But the reason we get to get together, we get to join each
• 11:39
  other here in the basement, have our wonderful talks, our
• 11:42
  community regarding the silver and gold markets is because of
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  the support of our sponsors. PMBEX has been a great sponsor
• 11:49
  of Ron's Basement, but what makes me feel even better is how
• 11:53
  great they've treated everyone in the basement to other
• 11:56
  community. I appreciate when you guys send
• 11:58
  me the emails telling me what a great experience you had with
• 12:01
  PMBEX. I only ask you to please
• 12:04
  consider them next time. You're going to buy gold, silver
• 12:06
  or platinum group metals, right? Find out for yourself, right?
• 12:10
  Do they really have ultra competitive pricing?
• 12:13
  Do they really have that great selection right and right.
• 12:18
  You need to find out for yourself what I found out and
• 12:20
  everybody else and that is that they are a company that we can
• 12:24
  trust. Pembex, thank you for sponsoring
• 12:26
  Ron's Basement. And if you ever decide that you
• 12:29
  even remotely think, hold on you, that you remotely think you
• 12:36
  might want to convert any or part or all of an IRA into
• 12:40
  precious metals, take your time. Look at all your options.
• 12:43
  Please, please, please talk to the people at Pembeck's as well.
• 12:46
  Compare how many actual ounces of metal you can get from all
• 12:50
  your different options and then make a strong, good, educated
• 12:54
  decision. I'm not a financial advisor.
• 12:57
  Don't make any financial decisions based on anything I'm
• 13:00
  saying, but I will share with you what I believe, and I
• 13:02
  believe that Pembacs can do a great job for you whether you're
• 13:06
  getting silver or gold delivered to your home or if you want to
• 13:10
  convert an IRA. OK guys, silver.
• 13:12
  Oh, let's check this out. This is absolutely crazy when it
• 13:17
  comes to silver. I had no idea one car company
• 13:21
  you've never heard of could easily use 14,000,000 ounces of
• 13:26
  silver per year. OK, here's the company BYD.
• 13:32
  OK, in America, we don't know anything about this company.
• 13:34
  It is a massive car manufacturer, one of like
• 13:38
  hundreds of car manufacturers in China.
• 13:42
  They are very, very big into the electric vehicle arena.
• 13:48
  BYD recently set a record with 417,000 electric vehicles sold
• 13:54
  in September. OK alone.
• 13:58
  I double checked this and as far as I can find out and I dug in,
• 14:02
  this is one month BYG achieved remarkable sales.
• 14:05
  Wait till you hear how much silver this could be with some
• 14:08
  rough estimates. OK remarkable sales in September
• 14:11
  delivering those at 419,000 cars 45% increase.
• 14:17
  This is just one car company that most of us have never heard
• 14:21
  of. And again, this comes from our
• 14:23
  our friends at the Silver Academy.
• 14:26
  A total new electric vehicle sold 420,000 silver per vehicle.
• 14:33
  Right now this is a rough, excuse me, a rough estimate of
• 14:35
  1000 grams, 1 kilogram 32 roughly 30 or 32 ounces of
• 14:40
  silver. That would be OK, 419,000,000
• 14:45
  grams of silver and, and as far as I could discern, this was one
• 14:51
  month. OK, 419,000,000 grams of silver.
• 14:56
  That would mean in oz. If you divide that by 30, you're
• 15:01
  going to come to 14,000,000 ounces of silver.
• 15:05
  I mean, it's unbelievable. This is one car company, OK?
• 15:09
  One in China. I think it says up here.
• 15:12
  I want you to think about this. I think I forgot to read this
• 15:15
  very important little part. Yeah, here, one car company.
• 15:18
  Now think about all the other car companies.
• 15:20
  Subaru, Honda, Toyota, Volkswagen, Tesla, BMW, Range
• 15:24
  Rover, you know, the list goes on and on.
• 15:26
  One, one company. And if this is one month, which
• 15:30
  is what I was able, I mean, it's almost unbelievable.
• 15:34
  And again, these are are rough estimates, right?
• 15:37
  We're, we're assuming they're using a kilogram of silver.
• 15:41
  We know they're electric vehicles.
• 15:43
  We know they're at minimum using a lot of silver, maybe possibly
• 15:46
  even more. And if this is just one month, I
• 15:50
  mean, if you multiply 14,000,000 oz times 12, I won't even go
• 15:54
  there. It's like what 100 and 14144,
• 15:59
  I'm sorry, million ounces. I mean, it is mind numbing.
• 16:03
  But guys, it gets even crazier as we're thinking about silver.
• 16:07
  If we apply these numbers to the entire automobile industry, sit
• 16:11
  down, right, because we know what solar is going to use.
• 16:15
  I don't know, 200 million oz this year alone, but we've all
• 16:18
  forgotten about the cars, the electric vehicles, right?
• 16:22
  And not to mention the new battery technology, we won't
• 16:25
  even go down that path right now, but the new Samsung
• 16:28
  solid-state battery technology, let's just go look.
• 16:32
  Let's look and look at what could happen if the entire auto
• 16:35
  industry were to begin converting again.
• 16:38
  This comes from the Silver Academy.
• 16:41
  OK, solid-state battery cell will replace the traditional EV
• 16:45
  battery, silver EVEVEV battery, electric vehicle battery.
• 16:50
  Easy for me to say. We'll devour nearly three times
• 16:53
  the current global annual silver production.
• 16:56
  What, three times? How did they figure that out?
• 17:00
  Right? And then they talk about there's
• 17:01
  some nice probably Koreans with their new batteries.
• 17:06
  OK, here we go. Here's the facts.
• 17:08
  Get your get your pay. This this is pretty easy to
• 17:10
  follow though, guys, we are not doing high, high level math
• 17:13
  here. World annual silver production
• 17:17
  is 803 million oz. OK.
• 17:21
  Global annual car production, there's approximately 80 million
• 17:25
  vehicles produced throughout the globe and an entire year.
• 17:29
  If we were to assume a 90% adoption rate, OK, Now again,
• 17:33
  we're looking out into the future here, but a 90% adoption
• 17:37
  rate of EVs, that would be 72 million electric vehicles.
• 17:43
  The silver required would be 72 million kilograms because it's
• 17:48
  about roughly rough estimate, we can say 1000 kilograms.
• 17:52
  And that would be with this new battery, right?
• 17:54
  Because we know the new battery supposedly would use up about
• 17:57
  1000 kilograms. Again, this is rough estimate
• 18:01
  math, but just to demonstrate how crazy this could be, 72
• 18:06
  million kilograms. Convert that to Troy oz 1
• 18:08
  kilogram is equal to 32 ounces. 72,000,000kg * 32 comes to 2.3
• 18:20
  million Troy ounces of silver. Again, that is if 90% of the
• 18:28
  annual production of automobiles were to go electric and were to
• 18:33
  use a battery that has 1000 grams or 32 ounces of silver per
• 18:40
  battery, OK, 2.3 million. That represents 3 years of the
• 18:46
  world total silver mining. And then they had to throw in
• 18:50
  there. Meanwhile, Mexico is moving
• 18:52
  closer to nationalizing silver. These numbers are just, are just
• 18:57
  unbelievable. Let's just go over the battery,
• 18:59
  okay? This is the new battery
• 19:02
  solid-state battery being developed by Samsung that could
• 19:05
  be used in electric vehicles. However, bear in mind this
• 19:09
  battery could also potentially be used for things like home
• 19:12
  power supplies, buses, airplanes, who knows what else,
• 19:16
  right? A lot.
• 19:17
  Samsung's new solid-state battery technology for electric
• 19:20
  vehicles offers significant improvements over the current
• 19:24
  lithium ion batteries. The key battery attributes right
• 19:29
  range 600 miles, which is nearly double of the average range
• 19:34
  range of current electric vehicles lifespan 20 years
• 19:38
  considerably longer than let lithium ion batteries charge
• 19:41
  time 9 minutes. That's what people that I know
• 19:44
  that if Tesla's complain about how long it takes to charge them
• 19:49
  and that they only roughly have about a 300 mile range.
• 19:52
  This new battery technology is talking about fixing that 600
• 19:57
  mile range and it only takes 9 minutes to charge it.
• 20:01
  OK, and it has much higher energy density.
• 20:04
  Why are we not talking about we all seem to have forgotten about
• 20:09
  the silver squeeze when the COMEX breaks when the LBMA
• 20:15
  breaks guys. It's still on the table.
• 20:19
  But you know what? Maybe basement dwellers, maybe
• 20:22
  silver fans, maybe it's a good thing that nobody's talking
• 20:25
  about it. Because you know what?
• 20:26
  Have you ever noticed that a lot of times these big major events
• 20:29
  happen when everybody's kind of forgot about it?
• 20:32
  Don't they call that what, black Swans?
• 20:34
  I'm telling you, we could have The silver squeeze is not out of
• 20:38
  play. OK, I want you.
• 20:40
  I want to point this out too, when we talk about these Chinese
• 20:43
  companies with electric vehicles.
• 20:45
  There was an article about a month ago that I read where the
• 20:47
  CEO of Ford and I think the, the, the COO went for a ride and
• 20:52
  one of these, I believe it was a BYD electric vehicle.
• 20:56
  And they were shocked. They were like, wow, these this
• 21:00
  company is, is producing. They, they were like floored by,
• 21:05
  by what they experienced. The electric vehicle that could
• 21:08
  be our little sleeper, right? We know what's going on with
• 21:11
  solar. We got another sleeper though
• 21:13
  with there's so many sleeper factors with silver, it's
• 21:17
  unbelievable and we love our gold.
• 21:19
  We're going to talk about gold. Kitco has some interesting
• 21:21
  things to say about gold as well.
• 21:24
  Silver squeeze or silver shortage, OK, Don't forget the
• 21:29
  big paper short, right? The big short positions that
• 21:34
  these big investment banks have in the silver market need to be
• 21:38
  covered. A short right means they sell it
• 21:41
  OK, because they think the price is going to go back, go down and
• 21:44
  they can rebuy it at some point in the future, OK, and and
• 21:49
  pocket that difference. That's called shorting the
• 21:51
  market. When you short the market, you
• 21:53
  got to cover if the price doesn't go down and the price
• 21:56
  does go uppity. Uppity.
• 21:58
  Guess what? You know all those bankers, all
• 22:04
  those, I won't name any names, but you know who they are, JP
• 22:07
  Morgan. Anyway, anyone who's short on
• 22:10
  the silver market is shaking in their boots right now because we
• 22:15
  are right at the cusp of a breakout.
• 22:17
  We are in a situation where we could easily see a silver
• 22:21
  squeeze and when those shorts have to cover, OK, if we go to
• 22:25
  3537 dollars silver, which could happen in the following weeks,
• 22:30
  right? We could also go to $29.00
• 22:33
  silver, no doubt about it. But we could also go to 353637.
• 22:37
  Can I hear 383838? We got $3838 silver.
• 22:42
  Those shorts, it'll be a snowball effect, right?
• 22:46
  Think about this. Sure, we have solar panels,
• 22:51
  right? Sure, we have electric vehicles,
• 22:55
  blah, blah, blah. But but on the investment side,
• 22:59
  right, the market side, the that's what's going to drive the
• 23:02
  price higher. And when those guys start
• 23:04
  freaking out, which they will, OK, when this, when the physical
• 23:08
  price of silver overtakes the paper market, it'll be a
• 23:11
  snowball effect because not only then people are going to start
• 23:16
  buying the silver ETFs, the SLV, which I personally don't
• 23:21
  recommend, but as you know, I don't offer financial advice,
• 23:25
  but the sheeple will start to buy the SLVETF.
• 23:29
  Everybody they'll be buying, the big banks are going to be buying
• 23:34
  because they're going to have to come.
• 23:35
  They're going to be panicking, OK?
• 23:38
  That's how this plays out. And it turns into a snowball.
• 23:42
  OK, A snowball. That's that's is within the
• 23:47
  realm of possibilities. And that, my friends, is the
• 23:51
  rest of the story. But there's a lot more to this
• 23:53
  story. OK, What about the industrial?
• 23:57
  We never talk about this. What about the industrial You
• 24:01
  What about Apple computer? What about these big Chinese
• 24:05
  electric car manufacturers? What about Tesla, right?
• 24:08
  What about the solar? When when that snowball starts
• 24:11
  to happen, they're they're like, Oh yeah, we're we're cool.
• 24:14
  Now we can buy silver for $32 an ounce.
• 24:17
  That's great. But if silver starts to really
• 24:18
  take off and they start to hear about the real silver shortage,
• 24:23
  so you can have the big investment banks freaking, you
• 24:26
  can have the general public freaking.
• 24:28
  But the triple wing dinger on this is also the industrial user
• 24:32
  Samsung, right? They're like, oh, we're going to
• 24:35
  need about a kilogram of silver per new solid-state battery that
• 24:40
  we're developing and that we're we're planning pilot programs
• 24:44
  with Toyota in their Lexus brand.
• 24:46
  Yeah, that's that's real. That's really happening, right.
• 24:50
  The big industrial users can freak out as well.
• 24:54
  OK. Oh, what about this?
• 24:56
  All right, here. I owe you an apology.
• 24:59
  I read all your comments. OK.
• 25:01
  And one of you corrected me. I stand corrected.
• 25:05
  Here. Let's go here.
• 25:08
  Oh, shoot. I forgot to pull it up.
• 25:10
  OK, one of you basement dwellers.
• 25:12
  Yes, you. I'll just verbally say it Here,
• 25:15
  Here. You know what?
• 25:16
  I'm going to pull it up on my on my phone.
• 25:19
  Don't forget, your phone has silver in it, and I'm going to
• 25:22
  read it to you. Hold on here.
• 25:24
  Go to Google Slides. Hold on.
• 25:27
  This is a great one. This is something I was not
• 25:30
  aware of and I forgot to load this up so I apologize.
• 25:38
  Here it is. Can you read that?
• 25:44
  You can't read that. There we go.
• 25:45
  You forgot to mention Turkey. The Turks are buying silver also
• 25:51
  as part of the former Persian Empire.
• 25:55
  The silver Seglaus is part of their DNA.
• 25:59
  OK, so we talked about countries.
• 26:00
  Oh my gosh, I I got to make a list.
• 26:02
  Hold on. Can somebody make a list for me?
• 26:07
  Hold on. Hold on.
• 26:09
  Hopefully we're still alive. I don't know if you guys can see
• 26:11
  me here. OK, so we got companies, we've
• 26:16
  got the banks, we got people, OK.
• 26:21
  And we have countries. OK, Now I can remember this.
• 26:26
  Countries are buying silver. OK, Thank you for that comment
• 26:30
  from the user community. Hold on here that I didn't
• 26:33
  properly recognize who it was, so I'm a Silver Surfer.
• 26:37
  Thank you, Silver Surfer. That was a great one.
• 26:39
  Thank you. Thank you.
• 26:40
  And we got another super chat. I'm going to recognize that here
• 26:42
  in a minute because we have countries.
• 26:45
  OK? So here's the list.
• 26:47
  This is the snowball list, OK? The price of silver goes above
• 26:51
  $3537.00 an ounce. The big banks freak because they
• 26:55
  got to cover their shorts because they're pooping in their
• 26:59
  shorts. They got to cover their shorts,
• 27:01
  buy back all that silver that they sold thinking the price was
• 27:04
  going to go down and they could buy it back at a lower price.
• 27:07
  But they can't. So they're going to have to.
• 27:08
  They're going to freak. OK, that would cute.
• 27:10
  That would create a snowball of huge Irvine.
• 27:13
  OK, people, right, your neighbors, the sheeple, the
• 27:17
  other 99 out of 100 people that have no clue until they wake up
• 27:22
  about silver. Big banks, people, companies,
• 27:26
  they can freak right now. They're like, that's cool, man.
• 27:29
  Samsung, Apple, right, The Ford, Tesla, they're like, we can get
• 27:33
  all the silver we need. Then suddenly they're going to
• 27:36
  hear about the silver market breaking.
• 27:38
  OK, they could freak out. All right, on top, on top of
• 27:42
  that, countries, Russia, Vladimir Putin.
• 27:46
  What is he doing? Huh?
• 27:48
  What is he doing? He's buying silver.
• 27:51
  Here, look at this. See by everything is so messed
• 27:55
  up this morning. Let's go over here and check
• 27:57
  this out. Is this it?
• 27:59
  Nope, Nope, Nope, Nope. Here it is.
• 28:05
  This is great. OK, make gold great again.
• 28:10
  I love this guy. I'm in a stunning move.
• 28:12
  Russia Central bank has just become the 1st in recent times
• 28:16
  to announce silver purchases This new this story's getting
• 28:20
  some some foot some feet on it with only three ounces of above
• 28:24
  ground silver per human. Other central banks better hurry
• 28:29
  before this silver squeeze trend goes viral and stocks run out
• 28:35
  overheard by one Uber chic bank chairman.
• 28:39
  Silver is wow. Oh wow.
• 28:43
  So I didn't know this again and this is somewhat hearsay.
• 28:46
  Silver is neat must have central bank accessory this fall.
• 28:53
  Here he is there he is. There is Russian President
• 28:56
  Vladimir Putin and it says Vlad kicks off the silver trend
• 29:01
  Russia Central bank for and look at that.
• 29:05
  That is a good looking suit. I tell you what, not a political
• 29:09
  statement, just reporting the facts.
• 29:11
  But I tell you what I like that. I think we should I think we all
• 29:14
  need to get get one of those somebody reach out to Vlad and
• 29:18
  ask him where he got that really nice silver suit.
• 29:21
  Wow. Now there's another oh boy, hold
• 29:25
  on here. Oh, my gosh, I'm adding a fifth,
• 29:29
  a fifth factor to our to our silver squeeze.
• 29:36
  Hold on. Are you guys still there?
• 29:39
  Hey, what a great opportunity for me to tell all of you
• 29:42
  basement dwellers. We have 750 of us together here
• 29:44
  in the basement. The limit is 800.
• 29:47
  Susie will lock the door, but a big deal.
• 29:49
  Really. Seriously.
• 29:50
  I appreciate you being here. You are important.
• 29:53
  OK, You're smart. Leave comments.
• 29:56
  Interact with the other basement dwellers.
• 29:58
  We love. Do you love.
• 30:00
  Put your hand up right now. All right, High 5.
• 30:05
  It's time for the old high 5. We love silver.
• 30:08
  We love gold. OK, enough of that funniness,
• 30:10
  but really big deal. You're here.
• 30:12
  Thank you for being here. It's going to get interesting.
• 30:14
  I just added a top secret 5th factor to the.
• 30:18
  We're going to. Let's not call it.
• 30:20
  You know what? You know what?
• 30:22
  And I Yeah, I have to give John Lee, the CEO of Silver Elephant
• 30:26
  Mining, credit for this because he used this term the other day
• 30:29
  when we were talking the snowball, right, to get the
• 30:33
  snowball rolling down the hill. Or maybe I came up with it when
• 30:36
  we were talking. We're going to call it forget
• 30:38
  the silver squeeze. That's so 2022.
• 30:42
  We basement dwellers, I don't ever want to hear any of us say
• 30:46
  silver squeeze again. This is Sergeant Ron.
• 30:49
  Now it's called the silver snowball, right?
• 30:52
  Because we wanted to like a big snowball coming down the
• 30:55
  mountain, getting bigger and bigger and bigger.
• 30:57
  We have a 5th factor. But let's go back.
• 31:00
  Let's go back and do a little, let's go on a field trip and see
• 31:04
  what else this character's up to make gold great again.
• 31:08
  Let's just take a quick look and see if maybe he has any other
• 31:11
  interesting things. Wow, this guy is great.
• 31:16
  Check this out. There's the there's the damn
• 31:19
  physical silver demand. Here's $35 silver and here's the
• 31:25
  this is like we talked about 590,000,000 ounces of naked
• 31:29
  short, right? Ready to get just plowed over by
• 31:34
  this massive amount of dam of of of demand being held back by
• 31:38
  this by this dam there. That's right, man Thank you.
• 31:43
  Wow, Let's just look. This guy's on a roll.
• 31:48
  There's Vlad. OK, the existential dread of
• 31:57
  those naked short 590. I didn't realize it was that
• 32:01
  much. OK, that's he's saying almost
• 32:03
  600 million ounces of silver short.
• 32:07
  I'll explain it one more time just in case you don't
• 32:10
  understand. And you guys help me out here if
• 32:12
  I'm wrong on this. But when somebody shorts silver,
• 32:16
  OK, And to make it even worse, a naked short is even more
• 32:20
  extreme. But a regular short means you
• 32:23
  sell the silver, right? You borrow it.
• 32:26
  OK, First you borrow it. I borrow 1000 ounces of your
• 32:30
  silver. OK.
• 32:31
  And I tell you I'm going to give this back to you in three
• 32:34
  months. You say, OK, Ronnie, here you
• 32:36
  go. You charge me a couple 100
• 32:38
  bucks, You give me your 1000 ounces of silver.
• 32:40
  I think silver's going down, which I don't.
• 32:42
  But for example purposes, we're going to say I do.
• 32:45
  I borrowed 1000 ounces of silver from you.
• 32:49
  I have to give it back to you in three months.
• 32:50
  I immediately sell it right for $32 an ounce thinking, oh, in
• 32:55
  three months I can buy it back at $25.00 an ounce and I'll
• 32:58
  pocket the $7000 profit. That's what these people did.
• 33:02
  But they did it with 590,000,000 ounces of silver.
• 33:08
  He's saying a naked short, which means they don't even borrow the
• 33:12
  silver to begin with, they just sell it.
• 33:16
  OK, they just sell Unicorn farts silver to begin with, and at
• 33:21
  some point they got to buy back 590,000,000 ounces of silver.
• 33:25
  It's unbelievable. Guys, this guy's a gold, a gold
• 33:30
  channel. It's time there's the finger of
• 33:33
  God, right? Or the finger of somebody.
• 33:35
  OK, all right, let's get back here.
• 33:37
  This is this is getting super interesting.
• 33:40
  I think we're living through for silver and gold investors a
• 33:44
  period of time like we're never going to remember.
• 33:47
  OK, I got a new secret 5th factor for silver snowball,
• 33:52
  whoop. And then we're going to move on
• 33:54
  to what Kitco and Neil's is writing about with gold and
• 33:58
  silver and some very, very, very exciting, interesting news.
• 34:03
  But guys, the silver snowball people everyday people buying
• 34:07
  again, OK, FOMO, fear of missing out your neighbors, the sheeple
• 34:12
  coming back #1 #2 the big banks, right?
• 34:16
  590 million oz naked short. That would be almost more than
• 34:21
  more than half the year. Silver production that could
• 34:24
  potentially need to be bought back, right?
• 34:26
  Massive. OK, while the people are at it,
• 34:29
  companies, Apple, Tesla, Samsung, the world, right?
• 34:33
  OK, countries here, countries China, right?
• 34:40
  Right now we know apparently Turkey and Russia are buying
• 34:44
  silver. And as a side note, the Chinese,
• 34:47
  that's, that's the six magic factor #5 the one that we have
• 34:51
  no idea. But I had a bunch of messages
• 34:54
  yesterday from you, the basement dweller community, right,
• 34:58
  telling me one guy, you know, one guy seemed to really know
• 35:01
  what he was talking about. He's like this, this this amount
• 35:05
  of silver being demanded by the military industrial complex is
• 35:09
  insane. Like the military needs
• 35:12
  unbelievable amounts of silver for the weapons.
• 35:15
  And that's under the best of circumstances.
• 35:17
  Right now. We are in a period of major war.
• 35:20
  OK, going on. Things are getting
• 35:22
  unfortunately, we don't like it. Believe that not a not a channel
• 35:27
  where I'm going to debate, but I don't like war you don't like,
• 35:30
  but it's going on, I guess is what we have to say.
• 35:32
  So the militaries are using massive amounts.
• 35:35
  OK, the 6th factor on there's even a bit another bonus factor.
• 35:39
  The Chinese people right here briefly, super quickly because
• 35:43
  we've looked at this already, but OK, here we go.
• 35:47
  This came from Peter Karuth, the guy that wrote the the book the
• 35:50
  Silver Bible. We are bullish on silver.
• 35:52
  This is from Citibank, OK, but the important thing they say
• 35:56
  here is the unique exposure to both sides of a bifurcated China
• 36:02
  economy via energy transition. Now here's the important part on
• 36:06
  the right and more recently, OK, so this is a recent phenomenon
• 36:13
  and increase in retail silver demand.
• 36:18
  That means the 1.4 billion Chinese people recently increase
• 36:24
  retail silver demand potentially as a store of value, OK, against
• 36:30
  the fact that their property market is crashing, they're
• 36:32
  going through an O7O8 situation with their sluggish consumer
• 36:35
  sentiment and already high record gold prices.
• 36:38
  OK, guys, China, I mean, it's unbelievable.
• 36:42
  The silver snowball, it's almost winter time.
• 36:46
  Are we going to have a silver snowball?
• 36:49
  I believe we very likely can and will.
• 36:54
  I'm gonna say thank you to channel sponsor First Mining
• 36:56
  Gold. Canadian gold developer with two
• 36:58
  multi million ounce projects in Canada.
• 37:00
  It's a stock that I own a lot of, but I'm not giving financial
• 37:05
  advice. It's a company I believe in.
• 37:06
  I feel great about having as a sponsor.
• 37:09
  You can learn about them on your own, do your own due diligence.
• 37:13
  Again, I'm not a financial advisor, but you can learn more
• 37:16
  about them at firstmininggold.com.
• 37:18
  And of course, Fortuna Mining, another stock that I own and a
• 37:21
  great company mining a lot of gold and silver in Latin America
• 37:27
  and a lot of gold in West Africa.
• 37:30
  You can learn more about them at Fortuna mining.com.
• 37:33
  Now let's move on. Let's move on, Rocky.
• 37:38
  Let's put on our Rocky Balboa gloves, huh?
• 37:41
  Everybody likes an underdog, huh?
• 37:43
  Every and gold and silver were the underdog, but they are
• 37:47
  rising to prominence. Wait till you hear this.
• 37:49
  I there's a couple key critical things going on in the silver
• 37:53
  and gold market. Hold on a second here.
• 37:55
  I almost forgot. We got another super.
• 37:57
  Hey, Rachel, thank you for that super chat.
• 38:00
  There's our friend Rachel. Thank you.
• 38:03
  Welcome to the basement. We have more and more, you know
• 38:06
  what, 7th factor. Thank you, Rachel.
• 38:08
  You reminded me of the 7th secret factor and maybe the most
• 38:12
  critical to the silver market taking off.
• 38:15
  And that is, and we've talked about this for the last year and
• 38:18
  a half, right? More and more women are getting
• 38:21
  into stacking. More and more women are watching
• 38:24
  Ron's basement now, while Susie is convinced That's because I'm
• 38:27
  so good looking and my dynamic personality has nothing to do
• 38:33
  with it. It has to do with it used to be
• 38:36
  like almost all men. Like 95% of the views on the
• 38:39
  channel were men. Now it's like 17% women.
• 38:43
  Why? Because more and more women and
• 38:45
  it's awesome are becoming silver stackers.
• 38:49
  And don't they usually control the purse strings around the
• 38:51
  house anyway and they want to look out for the safety of their
• 38:54
  family, right? Nest building is what some
• 38:57
  people call whatever. However you want to say it, it's
• 38:59
  just an awesome thing that we have more and more women and
• 39:02
  young people coming into the silver stacking community.
• 39:06
  Let's go out to this article. Thank you, Rachel for that super
• 39:08
  chat from Gitco and our old friend Neils Christensen.
• 39:14
  I love that guy. Puts out some great stuff.
• 39:16
  Nobody wants to be short gold this weekend.
• 39:21
  OK, why is that Neils? Wait till you hear about this
• 39:25
  folks. I'm going to go right to the
• 39:27
  facts in yellow talks about the jobs report.
• 39:31
  OK, that's old news and fiction, definite fiction.
• 39:36
  Ahead of the report, markets were pricing and a 30% chance
• 39:40
  that the Federal Reserve would cut interest rates by 50 basis
• 39:43
  points next month. However, those expectations have
• 39:47
  now completely evaporated, obliterated.
• 39:50
  We'll go out to the CME Fed watch tool here in a little bit
• 39:53
  and see where it currently stands.
• 39:54
  But now, guys, just to bring you up to speed, the next Fed
• 39:59
  interest rate cut is only expected like 100% chance that
• 40:04
  it's only going to be 1/4 of a point.
• 40:06
  That was a big thing that should have killed, absolutely
• 40:09
  obliterated. Oh my gosh, somebody help me.
• 40:12
  Oh, I've fallen on the floor. Help, help, right?
• 40:16
  That should have obliterated the silver and gold price on Friday.
• 40:20
  But guess what, buttercup, It didn't, right?
• 40:23
  And in red, it says, despite the US dollar gaining strength due
• 40:26
  to shifting monetary policy expectations.
• 40:29
  Gold has held its ground. Let's go to the blue analyst.
• 40:34
  Note that economic data has taken a backseat to geopolitical
• 40:39
  uncertainty or also the elephant in the room, the crazy U.S. debt
• 40:44
  quote. Gold is holding up for one
• 40:46
  reason and why don't run one reason only, the risk of a
• 40:51
  weekend event in the Middle East.
• 40:53
  I don't think we've had that yet.
• 40:54
  But none the less, that's from Ole Hansen, head of commodity
• 40:57
  strategy, strategy at Saxo Bank. And it talks all about the war.
• 41:01
  Unfortunate we don't like it. You can go to CNN or wherever,
• 41:05
  learn more about that. Although gold remains below
• 41:08
  $2700 an ounce. Colombo.
• 41:11
  Who's Colombo? Colombo.
• 41:13
  Isn't that an old TV station? Wait a minute, see if we can
• 41:17
  find out who Colombo is. We want to give him some credit.
• 41:20
  Here we go. There's Colombo.
• 41:22
  Said it again. Where the heck?
• 41:23
  Who's this Colombo? Here we go.
• 41:25
  Jesse Colombo, an independent precious metals analyst and
• 41:29
  founder of the Bubble Bubble Report.
• 41:31
  OK, Bubble, bubble. Double bubble.
• 41:35
  OK. OK.
• 41:38
  Although gold remains below $2700 per oz.
• 41:43
  Hopefully not for long. Colombo noted that the fact that
• 41:47
  the fact that dips continue to be bought signals that gold
• 41:52
  remains in a strong bull market. Let me look at you basement
• 41:56
  dwellers. OK, This one never gets.
• 41:59
  I don't know why you don't like this.
• 42:00
  Tell me, give me some feedback. I need your help.
• 42:03
  But I mean, I'm telling you, remember the Rocky Balboa
• 42:05
  movies? I'm 54 years old.
• 42:08
  I'm not even a movie guy. But Rocky's always on the mat,
• 42:12
  right? He comes back and he wins.
• 42:13
  And it doesn't it feel like that with silver and gold, right?
• 42:17
  Like silver, it's so different now than it was two or three
• 42:20
  years ago, right? Just two or three short years
• 42:23
  ago, silver and gold would perk up and get slammed back to the
• 42:27
  mat. Now silver and gold are up
• 42:29
  fighting, OK? And when they do get knocked off
• 42:32
  a little bit, they just bounce right back.
• 42:34
  They're like weebles. Weebles wobble, but they don't
• 42:37
  fall down. When have you sent me some
• 42:39
  weebles? I got it back there.
• 42:41
  Here. You know what?
• 42:41
  Let me get hold on now. It's now.
• 42:44
  Hold on. Here it is, right?
• 42:49
  This is a Weeble. Remember these from when you
• 42:51
  were a kid? That's gold and silver right
• 42:54
  now, you can't see it, but anyway, right We you can try to
• 42:57
  knock it over and it always comes back.
• 42:59
  See that always. That's what's going on with gold
• 43:02
  and silver. Let's get back to this article.
• 43:06
  There isn't just one factor driving the market.
• 43:09
  Remember, this is key, which is why this rally has been
• 43:12
  unstoppable. Many people have said it's
• 43:17
  overbought from a technical perspective and that we need a
• 43:20
  5% or a 10% decline, right? Gold needs to go down by 10%.
• 43:25
  Silver needs to get back to 2827 dollars, right?
• 43:28
  We need this decline. Yet all the price has done is
• 43:33
  trade sideways. That, to me is extremely
• 43:39
  bullish. OK.
• 43:41
  The overall direction remains the same.
• 43:43
  The market believes the Fed will continue to cut rates until they
• 43:46
  back down to around 3%. That's from David Morrison, He's
• 43:50
  another analyst at Trade Nation. And a comment to Kitco, This
• 43:53
  should support gold. And the good thing is that it
• 43:56
  won't matter whether the Fed is cutting for good reasons because
• 44:00
  it believes inflation is under control or bad ones because the
• 44:05
  economy is heading into a recession.
• 44:07
  Guys, that is stagflation gold should remain in favor under
• 44:12
  both scenarios until the current bull market runs its course.
• 44:16
  How about the fact that we have inflation, which we do have, and
• 44:23
  we have a slowing economy and the Fed has essentially been
• 44:30
  neutered. OK, we've talked about this. the
• 44:33
  Fed is going to have only one option going forward.
• 44:37
  Oh, I got to tell you guys a story.
• 44:38
  I've got a note from one of our basement dwellers, a story from
• 44:42
  someone in North Carolina. You've got to hear this because
• 44:45
  this will tell you, all right, worst case scenario, why you own
• 44:50
  silver, why you own gold. So that'll be next right?
• 44:53
  That this is this is a not long but a very powerful statement.
• 44:58
  We're going to call her from this is R sent me a message
• 45:01
  yesterday about what's happening with this tragedy that's
• 45:06
  unfolded in North Carolina. Nonetheless, we are in a
• 45:10
  stagflation environment. Stagflation.
• 45:13
  We have a stagnant economy with inflation, the feds cutting
• 45:17
  rates, that's not going to help the economy.
• 45:20
  Sorry, it's not OK. the Fed, because we have so much debt,
• 45:24
  they don't get the, they don't get the boom that they get.
• 45:27
  You know, it's like with antibiotics.
• 45:29
  They say if you take antibiotics too much, they lose their power
• 45:33
  in your body. The Fed gave the US economy
• 45:38
  several massive overdoses of antibiotics.
• 45:41
  It's not going to help. the Fed is not going to help.
• 45:44
  OK, The economy is in trouble, while at the same time, at the
• 45:50
  same time inflation is a big, big issue.
• 45:54
  And all of this is compounded by the elephant.
• 45:58
  Where is it wrong? Finger there it is, the elephant
• 46:02
  in the room, right? The national debt and further
• 46:06
  right. I don't want to be Chicken
• 46:07
  Little, but let's be real. Those national debt numbers, you
• 46:11
  can't argue that that's real. You can't argue with the
• 46:14
  smartest people. JB Yeah, all those people have
• 46:16
  said it's real, it's happening, it's right now.
• 46:20
  Sorry, you can't argue it. And on top of the further
• 46:23
  compound things is the fact that the world is in a situation like
• 46:26
  we've never seen before. So be ready for money printing,
• 46:30
  OK? OK.
• 46:31
  Big inflation and feeling warm and fuzzy about the fact that
• 46:35
  you own silver, gold. I got this message I want to
• 46:37
  read to you. We all know what's happened in
• 46:40
  North Carolina, other parts of the country as well.
• 46:43
  But I have a message. Just like we don't think these
• 46:46
  things can happen. We don't think that we could not
• 46:49
  have access to our our money, to our paper money, right?
• 46:53
  Our banks. Wait till you hear this story.
• 46:55
  You know, and it's interesting that this happened around the
• 46:59
  same time that Bank of America, I just want to pull this up
• 47:02
  quickly because it's it's not funny, not at all funny, but it
• 47:06
  tells us kind of what the situation could be like in our
• 47:09
  country. Remember Bank of America, we had
• 47:12
  a pretty big outage last week, a real big outage where people
• 47:15
  were at zero And again last time I'll use this one, but Bank of
• 47:19
  America says widespread outage is nearly fixed and I think
• 47:23
  they've supposedly fixed it completely by now.
• 47:26
  This articles from a few days ago.
• 47:27
  But again, I love how they say we nearly fixed it.
• 47:31
  Well, I, Bank of America, nearly made my car payment last month
• 47:36
  to you. All right?
• 47:36
  Nearly made my mortgage payment. And then I saw this headline,
• 47:42
  right? Bank of America says the
• 47:44
  outages, quote, largely resolved after customers see 0 balances.
• 47:49
  Now, what did we hear from North Carolina when it comes to
• 47:53
  banking when we had this massive tragedy?
• 47:56
  OK, this comes from Mrs. R here. She said, OK, I'm going to read
• 48:00
  this line by line. You need to do a video, Ron,
• 48:03
  about what happened to us here in North Carolina with the
• 48:07
  banking system. The storm hit and everything
• 48:10
  went down for three days. No Internet, no cell phones, no
• 48:15
  Wi-Fi, right? So you can't get access to your
• 48:19
  phone, your money that's in your maybe, maybe not in your Bank of
• 48:24
  America account, but it's nearly been fixed, right?
• 48:27
  But imagine that none of that's working, OK?
• 48:31
  Gas stations could not pump. No one would take credit cards.
• 48:37
  So there was no way to buy anything with a credit card,
• 48:40
  right? Think about cryptocurrency in
• 48:42
  this environment. Did you use Bitcoin?
• 48:44
  I mean, I'm just throwing that out there.
• 48:46
  OK, No ATMs worked OK, on day 4 some things started to work.
• 48:53
  Banks would only allow you to get $50.00 of your money but
• 48:58
  lines wrapped around the bank OK.
• 49:01
  I'm waiting in an ATM line at my bank to get my $50.
• 49:05
  OK day 5 comes and they now allow you to get $100 but
• 49:10
  there's still unbelievably super long lines at the ATMs. OK, gas
• 49:16
  stations started coming online but would only allow you to pump
• 49:20
  $20 in gas. Eight days later, we can only
• 49:25
  withdraw $300.00 from the bank. ATMs are coming online, but most
• 49:30
  still have a $100 limit. So think about physical silver,
• 49:36
  right? Maybe you own a bunch of junk
• 49:37
  silver, which is becoming very hard to find.
• 49:40
  Very, very hard to find. There it is, right?
• 49:43
  It's an ounce of silver. Think about yourself in this
• 49:46
  situation in North Carolina, suddenly your phone doesn't
• 49:49
  work, your electricity doesn't work, your water doesn't work
• 49:53
  right in the and there's the only thing that would work
• 49:57
  right. I think the my my least favorite
• 49:59
  alternative would be some cash, paper money, but silver and gold
• 50:04
  as well. So when we think about and and
• 50:06
  and and that's a horrible our heart goes out.
• 50:09
  I've got some other people from the basement to other community.
• 50:11
  One guy that I know very well owns a business and Ashley
• 50:15
  Richville, North Carolina, he told me, right, he's like, we
• 50:19
  still don't have water. We're using buckets of water
• 50:22
  from the community swimming pool to flush our toilets at our
• 50:27
  house. That's still going on.
• 50:29
  That was as of yesterday. OK.
• 50:31
  My other friend is up in Black Mountain, I think it is.
• 50:33
  And he kind of lived up in the mountains.
• 50:35
  I don't think he got hit by the by the flood, but he said there
• 50:38
  were major landslides. This really happened.
• 50:40
  Our parts do go out to these people.
• 50:43
  I don't know that there's a lot we can, any of us can directly
• 50:46
  do because I'm seeing that like people are having a hard time
• 50:48
  that are going out there to even help out getting through.
• 50:51
  Some people are being critical. I don't know enough about it, so
• 50:55
  I'm not going to report this as fact, but being very critical of
• 50:59
  what how the federal government is handling the assistance.
• 51:03
  I think that's FEMA. But again, I'm not there, so I
• 51:07
  can't give direct input. But what I can tell you is when
• 51:11
  I, when I listen to what this basement dwellers telling us
• 51:14
  about what's happening out there, when I listen to two
• 51:17
  people that I know very well, I've known both these guys for
• 51:19
  over 2 years. You know, one's a retired
• 51:24
  medical professional with a doctorate degree.
• 51:27
  The other one is a professional architect.
• 51:29
  These are smart guys. They're saying it is bad.
• 51:32
  And I just want you to think about worst case because that's
• 51:35
  the worst case scenario. What those poor people are
• 51:37
  living through right now is the worst case scenario.
• 51:40
  You don't have phone, you don't have Internet, you don't have
• 51:42
  power, you don't have water right.
• 51:45
  What are you going to survive with right?
• 51:47
  And it really could come down to precious metals right?
• 51:50
  It is the ultimate insurance policy.
• 51:52
  So hey guys, thank you for being here thanks to all the
• 51:55
  moderators Jake from Jake's custom parts, big Tim the
• 51:59
  silvershire and of course Annie Oakley.
• 52:01
  Thank you Dana and Rachel for the Super chats.
• 52:04
  Thank you for being here. Have a great day guys and I will
• 52:08
  see you soon. Don't forget to subscribe, share
• 52:12
  the video with anyone you like. But most of all, thanks, I look
• 52:15
  forward to seeing you soon.