Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨SILVER NEWS!🚨 Why YOU Can't Sell - (BIG Gold Price News Update too)

Transcript

🚨SILVER NEWS!🚨 Why YOU Can't Sell - (BIG Gold Price News Update too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Hey guys, welcome to the live stream.
• 0:02
  Welcome to the basement. We've got all kinds of fun and
• 0:06
  interesting things to talk about today when it comes to gold and
• 0:10
  silver. We got some scary major.
• 0:12
  Warnings from Jamie Dimon from JP Morgan and some.
• 0:17
  Incredible data about oil. From the ex head of commodities
• 0:21
  at Goldman Sachs. That's going to feed right into.
• 0:24
  What we know. Are going to be much, much,
• 0:27
  much. Higher prices for.
• 0:29
  Gold and silver as we navigate the coming months, quarters and
• 0:33
  years. Together I want.
• 0:34
  You to be down here in the basement with me.
• 0:36
  Thank you for being here today. Please subscribe to.
• 0:39
  The channel give the video a thumbs up.
• 0:41
  That's all free. And leave a comment in the
• 0:44
  comment section but. 1st. There's a burning.
• 0:46
  Question. I get this over and over.
• 0:49
  Again. So I want to.
• 0:50
  Address it with you. I think it's something that.
• 0:52
  All. Silver investors in.
• 0:54
  Particular are a little bit worried about.
• 0:57
  Let me actually I have the. Question.
• 0:59
  I can pull it up and I'm not at all calling.
• 1:02
  This guy out? His name is.
• 1:04
  Poochu Kabu. 1860. He left a comment on one of the
• 1:09
  videos saying I tried to sell 100 ounces of.
• 1:11
  Silver at. Around $100 and could not find a
• 1:15
  buyer. The dealer was offering. $85
• 1:18
  when the price was 100. Even if the price goes to two.
• 1:22
  100. Who is buying?
• 1:24
  There's a couple. Key things That's a.
• 1:26
  Worry. That I get.
• 1:27
  From a lot of people in the precious metal sector.
• 1:30
  I've. Never sold any silver but I do
• 1:33
  know reports like. Poochoo Kaboo just gave us were.
• 1:36
  Real common number one. One thing to remember.
• 1:40
  That period. Of time that we had back in
• 1:42
  January. Where silver.
• 1:43
  Skyrocketed. Like, unbelievable.
• 1:46
  OK, it was. Not a silver squeeze, right?
• 1:49
  We've yet to have the silver squeeze that was.
• 1:52
  Maybe at most a silver. Squeeze but it.
• 1:56
  Was a main mania kind of a. Mania.
• 1:58
  Weird. Period.
• 1:59
  That broke out in the. Silver Price Silver.
• 2:02
  Was kind of. Flexing its.
• 2:03
  Muscles. But what it did was it created.
• 2:06
  All kinds of imbalances in the refining.
• 2:10
  Wholesale retail side of silver. Where coin?
• 2:14
  Shops couldn't like buy stuff and immediately.
• 2:17
  Sell it like they usually could. It really, truly was a.
• 2:20
  One off situation. So what I tell?
• 2:22
  People and what I firmly know to.
• 2:24
  Be. The reality is that if if we
• 2:27
  get. When we get.
• 2:28
  To $100 silver again, even 2. $100 silver.
• 2:33
  Again, even much. Higher.
• 2:34
  As you know, we basement dwellers.
• 2:36
  Believe the silver. Price is going.
• 2:38
  Once the price stabilizes at one of those areas.
• 2:42
  You'll have no problem right when Silver's at. 100 and 1000
• 2:46
  and $20 per oz. You'll have no problem being
• 2:50
  able. To sell silver near those
• 2:51
  levels, you just. Have to remember that that.
• 2:54
  That. Situation.
• 2:55
  We had in January. While it was fun, it was really.
• 2:58
  Kind of a brief mania phase and again when.
• 3:01
  Silver was I. Think just initially.
• 3:03
  Flexing its muscles, but I want to.
• 3:06
  Tell you a story because the. Same question.
• 3:09
  That was posed by Poochu Kabu. Was posed.
• 3:12
  To ME3. Four years ago.
• 3:14
  I'll never forget I was a. Friend of mine's wife who
• 3:18
  watches. Ron's basement.
• 3:20
  Hello, Deborah. She actually asked me when
• 3:22
  silver, I think silver was around like 20 dollars, $18.00
• 3:26
  an ounce. She was like, if silver ever
• 3:28
  gets to $50, who's going to buy it, right?
• 3:32
  Well, look. I went out today to my local.
• 3:34
  Coin. Shop they publish.
• 3:36
  They're willing. They were willing earlier.
• 3:38
  To buy silver I think it was like $68 per.
• 3:42
  Oz. Even for 10 oz.
• 3:43
  Bars so the. The same question we have now.
• 3:46
  About who would ever buy silver? At at 100 or $200 per oz.
• 3:51
  Well, that's the same question that we had when silver was
• 3:54
  $18.00 an. Oz.
• 3:56
  That if it ever got to $50 per oz, who would buy it?
• 4:00
  People will buy it once the price stabilizes.
• 4:03
  Now look. When you're dealing with.
• 4:05
  Coin shops of. Course, there's always going.
• 4:06
  To be a spread. Between what they will buy from
• 4:09
  you for. And what they'll sell it back
• 4:11
  for. But that will.
• 4:13
  Become very much. Normalized.
• 4:15
  Right. If I told her three years ago,
• 4:17
  well, guess what? In three years, you can sell all
• 4:20
  the silver you want. For $68 per oz I bet.
• 4:23
  She would have run out. And bought.
• 4:25
  As much and which is what? I was.
• 4:26
  Saying back then, right, But remember, I'm not a financial.
• 4:30
  Advisor, but that. She would have ran out.
• 4:31
  And bought all. Kinds of silver, I mean.
• 4:34
  Do you remember that? Let's just talk about that for
• 4:37
  a. Second, when?
• 4:38
  Silver was. $20. Per Oz.
• 4:41
  And yeah. I'm going to repeat myself.
• 4:44
  The question was posed if, if. Like it would.
• 4:47
  Never happen. Right.
• 4:48
  We knew it would, but. Most people didn't think it
• 4:50
  would if silver wherever to get to. 50 an ounce, Ron.
• 4:54
  Right, you silver pumper you. US basement dwellers.
• 4:58
  Who would ever buy that? Silver at 50.
• 5:01
  Dollars, I think. There's a.
• 5:03
  Big line of people right now who?
• 5:04
  Would buy that. Silver.
• 5:05
  For $50. Let's shift gears and talk about
• 5:08
  manipulation in the. Markets, OK.
• 5:10
  I want to pull. This up for.
• 5:12
  You the 1974 memo, we know. The silver.
• 5:16
  Market is manipulated, has been manipulated.
• 5:19
  It's been proven to be manipulated for the last 1050.
• 5:23
  Years. OK, the.
• 5:24
  Gold market as. Well, and it's been about.
• 5:27
  Three months. Since we.
• 5:28
  Looked at this, but this is always super interesting.
• 5:31
  And pertinent and proof. This is the proof.
• 5:35
  That the market. Is manipulate let's.
• 5:37
  Just pull it up. This was from.
• 5:39
  WikiLeaks. OK.
• 5:41
  So this is. Common.
• 5:43
  Free for people to read. It came out.
• 5:45
  With the WikiLeaks. It's a 1974 memo between London
• 5:49
  and New. York about creating the.
• 5:52
  Futures markets, OK. They said the major impact of.
• 5:55
  Private US. Ownership limited office use.
• 5:59
  Only from London. They said the dealer's
• 6:02
  expectations will. Be that the.
• 6:05
  Formation of a. Sizable gold Futures market Each
• 6:10
  of the dealers expressed the belief that the futures market
• 6:13
  would be a significant proportion and.
• 6:15
  Physical trading would be minuscule by comparison.
• 6:19
  Also expressed. Was the expectation.
• 6:22
  That large volume futures. Dealing.
• 6:25
  Would create a highly volatile market.
• 6:30
  And in turn. The.
• 6:31
  Volatile price movements. Would diminish the initial
• 6:35
  demand for physical holding and most.
• 6:38
  Likely negate large long term. Holding by U.S. citizens this.
• 6:43
  Is right after they took us off. The gold standard.
• 6:46
  Took silver out of. Our money.
• 6:47
  Was in 1969 the last? Year we had silver in our money.
• 6:51
  OK. And talking about how they were
• 6:53
  going to dissuade American citizens from hoarding the
• 6:57
  precious metals. It says as.
• 6:59
  To future demand by US. Citizens for Gold and you can.
• 7:02
  Throw silver in there as well. Most.
• 7:04
  Dealers did not foresee demand for physical holding as
• 7:08
  significant. With the.
• 7:09
  Exception of an initial surge during the first two to three
• 7:13
  months. Of the year.
• 7:13
  Following. Deregulation they did not feel.
• 7:17
  That U.S. citizens. On the whole.
• 7:21
  We're psychologically prepared. To switch from small.
• 7:25
  Scale gold coin purchases to large scale.
• 7:28
  Long term volume hoarding. Several expressed the.
• 7:31
  View that the. Demand for coins after the
• 7:33
  initial. Surge would most likely be such.
• 7:36
  That it could be met from within should the.
• 7:39
  US decide. To mint gold coins for those.
• 7:42
  Purposes. So that's the WikiLeaks leak.
• 7:45
  That came out. That explains to.
• 7:47
  Us what the. Government was up to when they
• 7:50
  were when they were. In.
• 7:52
  Favor of creating. The futures.
• 7:54
  Markets which were. Then in turn.
• 7:56
  Some people speculate. This is all, of course, just
• 7:59
  speculation. While some.
• 8:01
  People speculate. That the metals.
• 8:03
  Prices have been. Managed or manipulated and
• 8:07
  explains why they. Wanted to put.
• 8:09
  And think about the volatility. Think about the volatility in
• 8:12
  silver in particular. OK, remember back to the end of
• 8:16
  January. When the silver.
• 8:18
  Price crashed from 120 down to what, 8075 in one day?
• 8:24
  Right. That washed out a lot of people,
• 8:26
  right, That did right. It was there was the mania like
• 8:29
  we talked about earlier. We were going into kind of a
• 8:32
  mania phase, not. Really.
• 8:34
  The silver squeeze yet? Don't worry, that's yet to come.
• 8:37
  But it worked. It it it it dissuaded some
• 8:40
  people. Doesn't matter, we're still on a
• 8:43
  great. Road for the silver and gold.
• 8:45
  But it's important. We remember.
• 8:47
  Right. That these things are real.
• 8:49
  Right. That, that, that what?
• 8:51
  We know. In our hearts about silver and
• 8:53
  gold. And the protection that it
• 8:56
  provides. US as a store of value versus
• 8:59
  what? What the futures markets are
• 9:02
  trying to do? That it's real and then what?
• 9:04
  We're doing is real and that. What?
• 9:06
  What we? Are doing.
• 9:08
  Will indeed I believe. Again, I'm not a financial
• 9:11
  advisor. But I believe.
• 9:13
  Be a smart. Decision when it it comes to
• 9:15
  protecting wealth. And oh what?
• 9:18
  Here you want some more. Proof that it works.
• 9:20
  Check this out this. Is incredible, OK.
• 9:23
  Gold wins silver. Wins.
• 9:26
  Wait till you see. This one.
• 9:29
  From bar chart they shared. The gold is destroying the US
• 9:35
  stock. Markets this.
• 9:37
  Entire century take. A look at this this chart.
• 9:42
  OK on this. Chart.
• 9:43
  The gold price is gold OK, the blue.
• 9:49
  Line right. Here is the S and.
• 9:52
  P500. This starts at the.
• 9:54
  Beginning of the century. The Year 2. 1000 through today.
• 9:59
  And you can. Clearly.
• 10:00
  See. Who's winning when you compare?
• 10:03
  The price of gold to the. Performance of the.
• 10:06
  S and PS and P500 from the beginning of the century, and
• 10:11
  it's. Not just that, because we know
• 10:12
  these incredible. Statistics about the value of
• 10:16
  gold like. Since they since. 19, 71.
• 10:19
  The gold, gold, gold, the value of gold versus the dollar that
• 10:22
  the dollars lost. I don't.
• 10:24
  Know I hear 90%. To be conservative.
• 10:26
  Other people say 95%. I've even heard AS.
• 10:29
  High as 90. 8 and 90. 9. Percent it is working.
• 10:33
  It is. Real and now we're going to talk
• 10:35
  about Jamie Dimon that had puts out.
• 10:38
  Massive, massive warnings about what's?
• 10:40
  Happening out there? And this.
• 10:42
  Will be very good for the price of gold and silver along with
• 10:46
  oil. Before I do that, I want to say
• 10:48
  say thank you to channel sponsors Brixton Metals.
• 10:51
  They're Canadian. Metals Exploration.
• 10:53
  Company 4 big projects. All in Canada and the United
• 10:58
  States. You can learn more about them at
• 11:00
  brixtonmetals.com and of course, our friends at First Mining.
• 11:03
  Gold. They're a.
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  Development stage gold company in Canada.
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  With two huge. Multi million ounce projects,
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  development stage projects. Spring.
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  Pole in Ontario and. Duparque located in.
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  Quebec and of course our. Friends at First Mint.
• 11:19
  Here's the been. Showing this a.
• 11:21
  Lot lately. But the five?
• 11:23
  Oz. First Mint.
• 11:25
  Poured bar. What a great company.
• 11:27
  Right. Really.
• 11:28
  Seriously. The freshest silver.
• 11:30
  On the market, it goes from the. First majestic silver.
• 11:33
  Mines. Directly to the first Mint
• 11:36
  facilities. In Las Vegas, NV.
• 11:39
  Where they make these world class?
• 11:40
  Silver bullion products. And then it goes straight.
• 11:43
  To you that bar by. The way I know.
• 11:45
  So that's that's. Upstairs.
• 11:47
  Upstairs, Susie. Chiming in, that's her.
• 11:49
  Favorite thing? It is cool.
• 11:51
  It's like a little. I don't know.
• 11:52
  How to describe it? It's just perfectly sized.
• 11:55
  It feels good. I hear some people.
• 11:57
  Call them candy bars. It's like one of those little,
• 11:59
  like the size of one of those little.
• 12:01
  Hershey's candy bars. Anyway, great prices.
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  Great selection. Great.
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  Service you guys. Love them, I love them.
• 12:08
  Thank you First Mint, for sponsoring Ron's Basement.
• 12:12
  Let's talk about Jamie Dimon. Jamie Dimon's the.
• 12:14
  CEO of JP. Morgan, he dropped some bombs
• 12:18
  and then we're going to talk about the I don't want to say.
• 12:20
  Bombs dropped some. Very surprising.
• 12:22
  News. And also we've got some more.
• 12:25
  Surprising news. About oil.
• 12:27
  And what is happening out there right now?
• 12:30
  First, we'll run out here to Binance.
• 12:33
  Who shares with us that JP Morgan CEO criticizes?
• 12:38
  U.S. Banking.
• 12:38
  Regulations and warns. Of private credit market risk
• 12:42
  this has to do with. Private credit.
• 12:44
  But then we go here again, Bar chart shares.
• 12:47
  This and this came from the Financial Times just then.
• 12:51
  All right, private credit losses will be larger than previously
• 12:55
  feared. Warns.
• 12:56
  Jamie Dimon, OK. This private credit thing is a
• 12:59
  big, big issue. That could.
• 13:01
  Create major issues. In the.
• 13:03
  Market, OK. Hold on, I want to read this to
• 13:07
  you Now What, Jamie? Said he says there's a skunk.
• 13:11
  In the room. I should.
• 13:12
  Have led with. That he says.
• 13:14
  Quote UN quote. There's a skunk at the party.
• 13:18
  And it could be. And it could happen in 2020.
• 13:21
  Six that. Would be inflation slowly going
• 13:26
  up big? Reason why this is good for us
• 13:28
  as gold and silver investors as opposed to slowly.
• 13:32
  Going down, so he's talking. About. 2026 inflation going up
• 13:37
  instead of slowly going down, Diamond said that, noting that
• 13:41
  the combination. Of rapidly increasing.
• 13:44
  Oil prices. And.
• 13:46
  Inflation is viewed. As among the main.
• 13:49
  Causes of major recessions. In 1970.
• 13:53
  Four What happened? To the price of gold and silver
• 13:55
  in the 70s. Think about.
• 13:57
  That and 19. 82 The skunk at the party.
• 14:01
  High inflation, guys. That is we we we are dealing
• 14:06
  with a lot of short. Term noise right now inflation.
• 14:09
  Will absolutely drive the price. Of gold and.
• 14:12
  Silver extremely higher. In my view.
• 14:16
  In the coming. Year.
• 14:18
  Right, the coming decade and maybe even longer because as
• 14:22
  inflation. Goes higher and higher and
• 14:25
  higher. Doesn't matter what they do with
• 14:29
  interest. Rates OK, the real interest.
• 14:31
  Rate will become more and more negative.
• 14:34
  Because to calculate real interest rates, you subtract the
• 14:37
  inflation rate. From the prevailing.
• 14:39
  Interest. Rate and is.
• 14:40
  Inflation goes. Higher and higher.
• 14:43
  Jamie Dimon is talking about it, but it gets.
• 14:45
  Even crazier. And we have.
• 14:47
  Charts and data. That we're going to look at next
• 14:49
  when it comes. To oil, this is some big.
• 14:52
  I mean, there's a. Reason why just.
• 14:55
  Speculation that. That there's this.
• 14:59
  Keen interest in ending the war in Iran.
• 15:03
  Right, because this. Oil situation is.
• 15:06
  Serious. We're asleep.
• 15:07
  Right now, Jeff. Curry used to.
• 15:09
  Be the head. Of commodities at Goldman Sachs.
• 15:11
  Now he's with some other firm. We're going to we're going to
• 15:14
  listen to what? He has to.
• 15:15
  Say about how? How crazy and critical.
• 15:19
  The situation is. Right.
• 15:20
  Now this comes from our friend. Mark with oil, this is Jeff.
• 15:25
  Curry and. Hold on here, let's get him up
• 15:30
  and let's listen 25 seconds and hold on.
• 15:34
  Share. This tab now I got you up.
• 15:36
  Sorry, guys. That's Jeff.
• 15:38
  Curry. Now you see him on your screen
• 15:40
  and listen. I am now.
• 15:42
  Thank you, Susie. They don't price the future,
• 15:45
  they price the now and the supply and demand has.
• 15:48
  The price has to clear supply and demand today.
• 15:50
  We're not in a shortage today. We're going to be a shortage
• 15:54
  mid-april. That's when the market has to
• 15:56
  clear. And so if anyone, I think buy
• 15:58
  the rumor and really buy the fact here, because that's when
• 16:02
  it's going to become quite explosive, is when you have to
• 16:05
  actually clear the mark. What he is.
• 16:08
  Saying is we have not seen anything yet when it comes to
• 16:13
  this. Oil crisis that's.
• 16:14
  In the world, it won't be until mid-april.
• 16:18
  OK. That's not too far away.
• 16:20
  OK, right now. What he's saying and it makes
• 16:23
  sense. Right.
• 16:24
  The the supplies that were out there already are able to
• 16:27
  provide basically what. People need but.
• 16:29
  That the world isn't going to feel this oil crisis, really.
• 16:34
  Right for another. Couple.
• 16:35
  Weeks. Well, guys, I know you're.
• 16:37
  Probably. Probably as.
• 16:37
  Old as I am. Two weeks flies by faster than.
• 16:41
  Anything but we're. Already starting we.
• 16:44
  What we're feeling right now. Could just be the start.
• 16:48
  And I do. Have some?
• 16:48
  Charts we're going to look at, but let's watch this from.
• 16:51
  Mario Nawfal. That tells us just how critical.
• 16:56
  This situation is starting to be.
• 17:00
  Here's a little short. One minute video.
• 17:02
  About how oil is already. Impacting things at home, and
• 17:07
  here we go. For the economy here at home,
• 17:10
  our Brian Chung reports on what could be the summer of
• 17:12
  surcharges connected to spiking oil prices, costing you money.
• 17:17
  Gas prices today hitting a new high since the war with Iran
• 17:20
  began $4.09 a gallon as US crude oil has surged over $111.00 a
• 17:25
  barrel. It's outrageous and it it hurts
• 17:28
  in the. Pocket The ripple effects of the
• 17:29
  war now reaching deeper into the US economy.
• 17:32
  Amazon joining UPS, FedEx and the US Postal Service in
• 17:34
  announcing shipping surcharges. Amazon saying due to elevated
• 17:38
  cost in fuel logistics, it will apply a 3.5% surcharge to the
• 17:41
  independent sellers who make up more than 60% of the retail
• 17:44
  giant sales. Amazon saying when costs remain
• 17:46
  elevated, we implement temporary surcharges to partially recover
• 17:49
  those costs. Costs are also soaring in the
• 17:51
  skies. Ticket prices up as much as 15%.
• 17:54
  Airlines scrambling to deal with the rising price of jet fuel.
• 17:56
  United now joining JetBlue and bumping up bag fees as much as
• 17:59
  $10 and with diesel prices nearing.
• 18:03
  OK, so that's what we have to look.
• 18:05
  Forward to and it hasn't even really hit.
• 18:08
  Yet. But what's crazy is.
• 18:11
  This next data point we're going to look at when it comes to the.
• 18:15
  Rate. Of change in oil prices and how
• 18:18
  it coincides with. Major market crashes,
• 18:22
  corrections. You, you decide for yourself,
• 18:26
  but here we go. This came from Jack Prandelli.
• 18:31
  Every hold on here. There we go.
• 18:36
  Yep. OK.
• 18:37
  Every major market. Crash since 1987.
• 18:41
  Was preceded by. One signal and 1 signal only.
• 18:46
  That's oil's 12 month rate of change hitting 100%.
• 18:51
  So when the 12. Month rate of change.
• 18:53
  In the oil price. Hits 100.
• 18:54
  Percent. Every time since 1987 we've had.
• 18:58
  A market crash? Right now, we're not at 100.
• 19:01
  Percent. But we are.
• 19:02
  At 91. Percent 1987 crash.
• 19:06
  Right, 1990 crash.com bust. Same thing, right?
• 19:10
  You can see the rate of. Change in oil price 2008
• 19:14
  financial. Crisis.
• 19:16
  And the 2022 bear market every single time.
• 19:20
  And he says today, Hormuz closed.
• 19:23
  Right. Obviously, we know.
• 19:24
  That the market's been down a little.
• 19:25
  Bit, but here's the chart right here and as you.
• 19:29
  Can see. Right here's all.
• 19:32
  Here's all the crashes with the. Blue arrows all.
• 19:36
  Right. And that blue line.
• 19:38
  That goes across, That's the rate.
• 19:41
  Of change in the oil. Price right over here you can
• 19:44
  see. 100. And right there.
• 19:47
  In the red in the red zone is right.
• 19:49
  Where we are. Right now so.
• 19:51
  Be prepared, OK? Be prepared.
• 19:54
  For what? Could come because we're going
• 19:57
  to get high inflation and I don't want to keep repeating
• 20:00
  myself. Although I will.
• 20:02
  High inflation will. Be good for the price.
• 20:06
  Of gold and silver in this. Chart.
• 20:08
  Really. Shows it from Luke, our friend
• 20:10
  Lucas Ukawumi. Inflation.
• 20:13
  Today. Versus the 1970s.
• 20:16
  He says people. Assume inflation just.
• 20:18
  Spikes up. But it comes in.
• 20:20
  Waves with every. Downward correction people think
• 20:23
  the pain is over just to be smacked in the face by the next
• 20:27
  inflationary surge. Those who knew what's coming
• 20:30
  made life changing money while. Those who failed to do so lost.
• 20:34
  Fortunes and I. Remember this OK?
• 20:37
  Seeing this. Chart OK this.
• 20:39
  Is inflation today? Which is.
• 20:41
  The red line versus inflation in the 1970s, Which?
• 20:46
  Is the white. Line as you can.
• 20:48
  See, we are about right here, right?
• 20:52
  Now, OK, they. Overlay almost perfectly.
• 20:56
  I. Remember being back.
• 20:58
  In this zone when inflation came down and just like.
• 21:01
  He said I. Thought.
• 21:02
  Oh. It's not going to go back up
• 21:04
  again. It's not going to.
• 21:06
  Because you would look at this. Chart from the 1970s guys, we
• 21:09
  are in. It's coming in my opinion.
• 21:13
  As I see it, this. Big inflation is coming.
• 21:16
  Well, Jamie Dimon, the CEO of JP Morgan, agrees.
• 21:20
  I don't know how. You feel.
• 21:21
  About it, but it is absolutely. Coming this next.
• 21:25
  Wave right? That would.
• 21:26
  Put our red line. Back up here.
• 21:29
  Of inflation. Which might.
• 21:31
  Explain why. There's this almost level of
• 21:34
  desperation on a worldwide. Basis to get the.
• 21:38
  Straits of Hormuz open to get the oil price back down, but we
• 21:42
  got to remember 1 big. Critical.
• 21:44
  Thing and that is during the 1970s.
• 21:48
  The price of. Gold and the.
• 21:50
  Price of silver had returned like we've never seen.
• 21:53
  Before OK. And it happened at the end of
• 21:57
  the day, no matter how you want to.
• 21:59
  Describe all these. Different factors.
• 22:01
  Everything else. But it really.
• 22:02
  Happened because of super high inflation.
• 22:06
  Silver went from under a. Dollar fifty an.
• 22:08
  Oz in the 1970s to. 50. Dollars $1.50 to $50.
• 22:15
  By the end. Of the decade.
• 22:17
  So when we hear. People like Michael Oliver talk
• 22:20
  about the fact that we could have silver at 305 hundred
• 22:23
  dollars. Don't, don't get.
• 22:24
  Mad at me I'm. Not putting out the crazy see I
• 22:28
  think we can get 600 but none the.
• 22:30
  Less These numbers, while they seem outrageous, aren't that far
• 22:35
  out of the. Realm of.
• 22:36
  Possibilities. OK.
• 22:39
  Let's look at. Japan.
• 22:40
  Just just. To show like.
• 22:42
  What is going on in our world right now?
• 22:45
  Now Ash Crypto points out this. The Japanese 10 year bond yield
• 22:49
  has now. Reached its highest.
• 22:51
  Level. In 29 years.
• 22:53
  That's the result. Of monetization of debt.
• 22:56
  That's the result of of the. Japanese government basically
• 22:59
  printing money, debt monetization does not work and
• 23:04
  one final data point to look at in the United States right now
• 23:09
  again from. The bar chart.
• 23:11
  Don't, don't. Fear, right?
• 23:12
  The US. Government is.
• 23:14
  Creating more money. Our Federal Reserve.
• 23:18
  Creating more money by the day. Our USM 2.
• 23:21
  Money supply. Which is the.
• 23:23
  Broader measure of money supply and bank accounts money.
• 23:26
  Markets all that. Is now jumped to a new all time
• 23:30
  high of $22.7 trillion, whether you want to call it.
• 23:36
  Inflation. Whether?
• 23:37
  You decide to. Call it money.
• 23:39
  Printing whether whatever. You however.
• 23:41
  You want to slice. It or dice it, it's really all.
• 23:44
  A bunch of. Smoke and mirrors, right?
• 23:46
  You know that I know that you can't print this stuff.
• 23:52
  OK. There's a limited amount.
• 23:54
  Of silver, there's a. Limited amount.
• 23:56
  Of gold. And they have.
• 23:58
  Been the. World's Reserve.
• 23:59
  Currencies from day one and they will continue to be.
• 24:04
  The world's reserve. Currencies, thanks for.
• 24:06
  Joining us down here in the basement, please subscribe to
• 24:09
  the channel, leave a comment in the comment section on behalf of
• 24:12
  myself and upstairs, Susie. We appreciate you.
• 24:15
  And we'll look forward to seeing you next time down here, right
• 24:18
  here in the basement. Take care.
• 24:20
  Bye bye.