Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER STACKERS 🚨 Attention! 🚨 -- It is HAPPENING -- Breaking NEWS for GOLD & SILVER Price!

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SILVER STACKERS 🚨 Attention! 🚨 -- It is HAPPENING -- Breaking NEWS for GOLD & SILVER Price! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Big news which indicates we could be moving back to the gold
• 0:03
  and silver standard. We know all synthetic money
• 0:07
  eventually fails, and I've got some startling examples of that
• 0:12
  that we'll talk about later in this video.
• 0:14
  Also, big warning, Brown Friday around the corner.
• 0:18
  Do you know what Brown Friday is?
• 0:19
  Well, you're going to learn. We're going to save that for the
• 0:21
  end of the video. The biggest gold deposit in the
• 0:25
  world, we're going to talk about that as well.
• 0:28
  It is startling to realize what they're talking about when it
• 0:32
  comes to this massive gold deposit and big news this week
• 0:36
  that will move the markets will cover that as well.
• 0:39
  All man made synthetic money eventually fails.
• 0:42
  Are we moving back to a gold and silver standard?
• 0:46
  Look, my opinion and I think many of you share this with me
• 0:49
  is that eventually gold and silver prevail.
• 0:53
  We got a couple big developments, one of the biggest
• 0:56
  states in the United States of America, a state that alone on
• 1:00
  its own could be a major world country economy, a growing state
• 1:06
  and they're doing some crazy, proposing some crazy things with
• 1:11
  silver and gold asset backed currencies.
• 1:14
  We'll talk about that. But first I want to say thank
• 1:16
  you. It's Sunday morning.
• 1:17
  Thank you for being here. We got a lot to cover.
• 1:20
  Again, a lot going on. It's going to be interesting
• 1:24
  tonight to see what happens in the gold and silver markets
• 1:27
  after last week's epic run in the gold price.
• 1:31
  We are only 4% away with gold from an all time high measured
• 1:36
  in U.S. dollars. And don't forget, right, the
• 1:39
  gold price hit new all time highs last week here.
• 1:43
  Let's run out and take a look and then we're going to get into
• 1:45
  the gold standard, but we got to take a look quickly.
• 1:48
  For those of you who missed this last week, this is the gold
• 1:52
  price in euros is now at an all time high.
• 1:56
  That means our friends in Europe are spending more to buy an
• 1:59
  ounce of gold than any other time in history.
• 2:03
  This is a big deal, but it's not just in the euro that gold is at
• 2:07
  all time highs because if we go talk to our friends in Great
• 2:11
  Britain, there's gold XAU and Great British pounds.
• 2:15
  We are also, so if you look over here at the right side of that
• 2:18
  chart at all time highs in gold in great British pounds and
• 2:22
  doesn't it make sense guys, because gold and silver always
• 2:26
  win in the end. Now let's talk about this
• 2:29
  prospect, this speculation that we might be going back to the
• 2:34
  gold and silver standard. Let's talk about Judy Shelton
• 2:38
  really quickly. I'm going to pull this up.
• 2:40
  Great video on Arcadia economics, Dave Morgan and this
• 2:45
  woman here on the left is Judy Shelton.
• 2:47
  I think it was doctor Judy Shelton.
• 2:49
  I stand corrected. Donald Trump tried to put her on
• 2:54
  the Fed Board of Governors during his last presidency and
• 2:58
  then it because of a bunch of political mumbo jumbo that
• 3:01
  happened at the end. She didn't get put on.
• 3:03
  She is a big proponent of gold and silver.
• 3:07
  She is a big proponent of real money that you need to read
• 3:11
  about this lady. And if Trump decides to put her
• 3:14
  on the Fed again, we could see her leading the Fed.
• 3:17
  We could see what one thing she's proposing.
• 3:20
  One of the minor things she's proposing is AUS Treasury bond
• 3:25
  that would be denominated in gold, like a 30 or 50 year U.S.
• 3:29
  Treasury bond backed 100% by gold.
• 3:34
  That gold that supposedly we have in Fort Knox.
• 3:36
  But it's not just there because guys, Texas is doing some crazy,
• 3:41
  crazy proposals with gold and silver.
• 3:45
  Let's go out to the 10th Amendment Center and, and get
• 3:49
  some data on what's happening there.
• 3:51
  You know what, it's just, I forget.
• 3:54
  I'm sorry, I apologize to you. I forgot the most important
• 3:56
  part. Thank you for being here.
• 3:58
  You're important, you're smart, you're giving us your time,
• 4:01
  you're coming together. I hopefully you feel very
• 4:04
  welcome here in the basement We love.
• 4:07
  We've got one big thing. You're with your brothers and
• 4:10
  sisters when you're here in the basement, basement dwellers,
• 4:15
  right? You're part of the tribe.
• 4:16
  So please subscribe and yeah, thumbs up are always
• 4:20
  appreciated. Super chat, super thanks.
• 4:22
  PayPal donations never, ever expected.
• 4:25
  Please never donate any money to our channel that you can't
• 4:29
  afford, but always appreciated. And so thank you.
• 4:32
  That's the big part really. This is about you.
• 4:34
  This is about our community. The 10th Amendment Center, Mike
• 4:37
  Mahari put out this excellent piece of work.
• 4:40
  There it is right there, Mike Mahari.
• 4:42
  Texas bills. Bills would establish 100%
• 4:47
  backed gold and silver transactional currency.
• 4:52
  Guys, this is huge. Texas is big, Texas is growing,
• 4:56
  Texas is innovative. A lot of people are moving from
• 4:59
  California to Texas cities like Austin, Dallas, right?
• 5:03
  I mean, Texas is a big deal and they're talking about a 100%
• 5:09
  backed, excuse me, gold and silver transactional currency in
• 5:13
  yellow. The two bills filed in the Texas
• 5:16
  House, it would create 100% gold and silverback transactional
• 5:19
  currency that would serve as legal tender in the state.
• 5:23
  This would create a foundation for the people to determine the
• 5:27
  Federal Reserve's monopoly on money, the Federal Reserve.
• 5:32
  This is a nightmare for Jerome Powell and the Federal Reserve
• 5:37
  in Green. Under the proposed law, the
• 5:40
  Texas Comptroller would issue gold and silver species, same
• 5:44
  thing as coins, through the Texas Bullion Depository.
• 5:48
  Texas has their own state-run gold and silver depository guys.
• 5:54
  They are innovative, they are the leaders, they are growing
• 5:57
  for a reason and they are moving towards gold and silver.
• 6:01
  At least this proposed legislation has been moving in
• 6:04
  that direction and also established gold and silver
• 6:07
  transactional currency, defined as quote, the representation of
• 6:11
  gold and silver specie and bullion held in the pooled
• 6:15
  depository account. This is the critical thing in
• 6:18
  yellow. The depository would be required
• 6:21
  to hold enough gold and silver. We're we got to include our best
• 6:28
  friend silver to back 100% of the issued cut currency, a 100%
• 6:35
  backed gold and silver currency. This is called the gold
• 6:40
  standard. This is called the silver
• 6:41
  standard guys. Holders of the gold and silver
• 6:45
  specie and currency would be able to use them as legal tender
• 6:48
  and payment of debt in the state of Texas.
• 6:50
  The gold and silverback currency would be electronically
• 6:54
  transferable to another person in orange.
• 6:57
  Gold and silverback currency would be redeemable in specie or
• 7:03
  at the spot price of gold in U.S. dollars minus applicable
• 7:08
  fees. So you could redeem this
• 7:11
  currency for physical metal or OK, that's the important part
• 7:17
  cuz it is backed 100% by real gold and silver or if you prefer
• 7:22
  Unicorn fart dust. If you wanna convert it to this,
• 7:27
  I don't know who would but you know whatever hold on let me
• 7:32
  pull you up. Thank you guys.
• 7:33
  Wow 400 people. If you want to convert it to
• 7:36
  this, you could do that as well or I know you and me, we would
• 7:40
  want to convert it to this right?
• 7:43
  Real money, gold and silver. This is exciting.
• 7:47
  This is essentially this is not what I just showed you.
• 7:50
  This is different. That my friends is a silver
• 7:53
  certificate right? That was redeemable in silver in
• 8:01
  silver to the bear on demand, right?
• 8:04
  This was not these don't exist anymore that that's what they're
• 8:07
  talking about. Going back to this is a big deal
• 8:10
  and the reason why we need to be so excited about this number
• 8:14
  one, it allows it's a move back to real money where people don't
• 8:18
  have paper money that constantly depreciates in value.
• 8:21
  It creates a fair level playing field, right, for working men
• 8:25
  and women. Look, I was a worker.
• 8:27
  I was a steel worker. I was part of Local 110 steel
• 8:30
  workers when I was in college. I went every day and work during
• 8:33
  the summer in a steel plant making steel cans.
• 8:37
  I know what it's like to work, OK?
• 8:39
  And when you work right, and you make these these suckers, right,
• 8:44
  Federal Reserve notes that are guaranteed at minimum to go down
• 8:48
  by 2% every year, it's not fair. It's not fair.
• 8:52
  OK, so let's get back to the article.
• 8:54
  Sorry you didn't want to hear about my personal history.
• 8:57
  I apologize, wrong screen. Make sure we're still live here.
• 9:01
  Hopefully we didn't lose you guys.
• 9:03
  Hello. If somebody could shoot a 5 by 5
• 9:06
  that would be great. Thank you.
• 9:09
  In blue. In practice, the passage of
• 9:11
  these bills would allow any person to conduct business
• 9:14
  transactions using gold or silver.
• 9:17
  This is the great part impact the red.
• 9:19
  This is all this. Then we're done with this.
• 9:21
  We had a lot more to talk about, OK.
• 9:23
  The passage of this legislation would create sound money
• 9:26
  alternative to the US dollars and both physical and electronic
• 9:32
  form using gold and silver back transactional currency.
• 9:35
  Any person or entity would be able to do business using a
• 9:38
  debit card that seamlessly converts gold and silver to Fiat
• 9:43
  dollars in the background. Private individuals and
• 9:45
  businesses would be able to purchase goods and services
• 9:48
  using assets held in the Texas gold depository.
• 9:53
  I love Texas, everything's bigger than Texas in the same
• 9:56
  way that they use dollars held in a bank account today.
• 10:00
  Essentially, guys, you would have a, if you're in Texas and
• 10:03
  hopefully this will be coming to a state near you, maybe the one
• 10:06
  where your feet are planted. Right now, you can have a debit
• 10:10
  card that allows you to spend gold and silver, but do it in a
• 10:14
  seamless manner. Gold and silverback
• 10:16
  transactional currency would give people a way to shield
• 10:19
  themselves from the lap rapid loss the lapid Ross.
• 10:24
  I like that Lapid Ross from the Lapid Ross Rapid loss of
• 10:28
  purchasing power inherent in the Fiat dollar overtime making gold
• 10:33
  and silver available for regular daily transactions for people
• 10:36
  like you in me, basement dwellers by the general public
• 10:40
  could have a wide-ranging impact.
• 10:42
  Professor William Green is an expert on constitutional tender
• 10:47
  and said in a paper for the Mises Institute that if people
• 10:50
  in multiple states actually start using gold and silver
• 10:54
  instead of Federal Reserve notes, it would be affected.
• 10:57
  It would effectively nullify the Federal Reserve and the end of
• 11:01
  the federal government's monopoly on money.
• 11:06
  OK, the United States Constitution, Article 10 says no
• 11:08
  state shall make anything but gold and silver coin tender and
• 11:12
  payment of debts. The creation of transactional
• 11:15
  gold and silver currency would take another step towards the
• 11:18
  constitutional requirement ignored for decades in every
• 11:21
  state. Such a tactic would undermine
• 11:24
  the monopoly of the Federal Reserve System by introducing
• 11:28
  competitive competition to the monetary system.
• 11:31
  OK, here, God, we got a couple things to talk about here.
• 11:34
  That's they didn't say Monopoly money.
• 11:36
  Let me show you. Let me give you an example.
• 11:40
  OK, this, this, Sorry, I'm not, I'm not prepared, but I want to
• 11:47
  show you this. This is not what they're talking
• 11:49
  about. They're not talking about this.
• 11:52
  There's see, that's Monopoly money.
• 11:54
  Look at all that Monopoly money. This is Monopoly money.
• 11:58
  OK, OK, so we put these two. How much of a difference is
• 12:02
  there between this and this? I ask, I beg you that question.
• 12:06
  OK, That's in one hand. This is in the other.
• 12:10
  Where is she? There she is.
• 12:11
  Look at her shine. OK, Why these these two are much
• 12:16
  closer, more close. It's like a like a fifth grade
• 12:18
  science quiz. These two are much more common
• 12:22
  to each other than this one. There's a big difference between
• 12:26
  this and this. So when they say the monopoly on
• 12:29
  money, right, what they're talking about is the Federal
• 12:32
  Reserve's ability, right, to do this.
• 12:37
  OK, that's here, right? Toilet paper money print as much
• 12:42
  as they want. This guy does not like Texas.
• 12:46
  He is not a big fan of Texas right now, OK?
• 12:49
  By the way, my prediction is he will resign within the next
• 12:53
  three months. I could be wrong.
• 12:55
  He knows what's coming. I'm just that's just speculation
• 12:58
  on my part that Jerome Powell will be gone from the Federal
• 13:02
  Reserve and we could have Judy Shelton remember her.
• 13:05
  Let's go back to this. Let's think about what Texas is
• 13:08
  doing. And let's go to this video
• 13:10
  posted by Arcadia Economics and our good friend Chris Marcus,
• 13:14
  right, with David Morgan talking to Doctor Judy Shelton, who was
• 13:19
  a hair away from being put on the Federal Reserve Board by
• 13:22
  President Trump during his previous term and will likely be
• 13:26
  put on there again. And you need to read about her.
• 13:28
  And she has a new book out all about, I forget what it's called
• 13:32
  good as gold or something like that.
• 13:33
  Guys, we are moving in a good direction.
• 13:36
  The reason why we want to talk about this, right, Texas, right.
• 13:40
  And what Texas is talking about is an asset backed digital and
• 13:44
  ABDC and asset backed digital currency.
• 13:48
  We're talking about electronic forms of gold and silver that
• 13:53
  managed by the state Comptroller of Texas.
• 13:57
  OK, And I trust people from Texas.
• 13:59
  I'm sorry, I do, and I don't trust a lot of people.
• 14:01
  OK, Then there's 100% backed by physical metal.
• 14:05
  Now, why should you care about that?
• 14:07
  You need to really care about that.
• 14:10
  Number one, it brings back fairness to the economic system.
• 14:14
  But #2 guys, it could be a windfall for people that hold
• 14:20
  physical silver and gold because we know Peters, I mean the the
• 14:24
  dollar. This is a Ponzi, I'm sorry, OK,
• 14:28
  this is a Ponzi. And when this falls apart, if
• 14:31
  and when this falls apart, right, real things, all right.
• 14:35
  And some people think Bitcoin that's the all the rage now
• 14:39
  again, crypto, I don't OK, I'm nothing against, I'm not anti
• 14:44
  Bitcoin, but you know, I'm not a political channel and not an
• 14:48
  anti Bitcoin channel. However, I believe this wins
• 14:53
  this. Look at that, look at that right
• 14:58
  that wins at the end of the day, mic drop, end of story.
• 15:04
  You know, now then, what the heck?
• 15:10
  Speaking of crypto, Speaking of synthetic man made stuff here,
• 15:14
  Let's go out real quickly and look at this John Exter's
• 15:16
  pyramid. This guy was worked for the
• 15:19
  United States Federal Reserve. He just died 2530 years ago,
• 15:23
  maybe even more recently. This is what we're talking about
• 15:27
  right now. OK, gold and silver.
• 15:30
  He worked for the New York Fed John Exter spent his career
• 15:35
  talking about the fact that gold and silver are the best.
• 15:38
  This is called extras pyramid. It's an upside down pyramid that
• 15:41
  shows that everything eventually rest on a point of gold and
• 15:46
  silver. But we know everything above
• 15:49
  that is synthetic man made. OK, the crypto people would say
• 15:54
  that it's that that that is down here.
• 15:56
  I would argue the crypto is also man made and in my opinion, over
• 16:00
  thousands of years, any man made form of currency has failed.
• 16:06
  OK, I'm not making any predictions about crypto or
• 16:09
  anything like that, but guys, the money eventually comes down
• 16:13
  here when the Ponzi, right? The base money, the bank money,
• 16:17
  the government bonds, all that. OK, When it all comes down, when
• 16:22
  it all, when there's a full and total accounting of what's going
• 16:26
  on, when people realize that this is a big problemo over
• 16:32
  here, right? Oh my gosh.
• 16:34
  And for those of you who weren't on with us last night, we've got
• 16:37
  massive, massive breaking news cuz we've been following this
• 16:41
  number closely in the lower right or middle, lower, middle
• 16:45
  low, whatever part of your screen.
• 16:48
  Interest on debt in the United States, according to the US debt
• 16:51
  clock is now officially surpassed $1 trillion.
• 16:55
  Congratulations, Washington DC Right here's federal tax
• 17:00
  revenue. Look at that.
• 17:01
  Our government brings in five trillion a year.
• 17:04
  We now spend a trillion of that 5 trillion on interest alone.
• 17:10
  Let me remind you, you get nothing for interest.
• 17:13
  Nothing. That means $0.20 out of every
• 17:17
  dollar that you pay in taxes to your government.
• 17:21
  It's spent just to just to maintain the debt, to pay
• 17:25
  interest on the debt. Of course, the interest feeds
• 17:28
  into the US federal budget deficit, which makes the
• 17:31
  national debt bigger, which in turn makes the interest rate
• 17:34
  bigger, which is the definition of a debt spiral, a Ponzi
• 17:39
  scheme. Eventually the Fed will be
• 17:41
  printing money. There's the dollar to silver
• 17:44
  ratio continues, continues to go up. 1022 few days ago we looked
• 17:50
  at this, then we'll be done with the US debt clock.
• 17:54
  USM 2 money supply, right? And that's what the dollar to
• 17:58
  silver ratio measures, how for each one ounce of silver mined
• 18:02
  this year throughout the world, how many U.S. dollars are being
• 18:05
  printed. And it stands right now like we
• 18:06
  just saw it, 1020. But that's the M2 money supply,
• 18:10
  which is like bank accounts, money market accounts, a few
• 18:14
  other things. It's like the liquid good money
• 18:16
  in the economy. Look at this, if we look here,
• 18:19
  the year 2000, it was less than 5 trillion.
• 18:22
  Right now it's 21 trillion. So it's gone up what, four times
• 18:29
  in the last 25 years? Paper, this is paper, Unicorn,
• 18:33
  fart, dust, electronic, whatever you want to call it.
• 18:35
  It's it's a big, big joke now. Now we talk about the fact,
• 18:40
  right that here we go Texas. This made me mad.
• 18:44
  Let's let's go back to Texas quickly with the gold standard
• 18:48
  gold, silver backed currency they're talking about.
• 18:51
  So as soon as they come out with that, guess what happens?
• 18:54
  Texas gold backed coins, what we just talked about aims to help
• 18:58
  Bitcoin adoption. A lawmaker says, I'm like, what?
• 19:02
  You know what, what the Texas lawmaker believes the state's
• 19:06
  proposed gold backed digital currency could play a key role
• 19:10
  in boosting cryptocurrency adoption.
• 19:13
  No, I'm sorry, I don't agree with that.
• 19:17
  Right. They're they're like trying to
• 19:18
  hijack the the crypto people are trying to hijack the gold and
• 19:22
  silverback currency proposal proposed legislation in Texas.
• 19:28
  And why is there always anyway? Cody Harris, a Republican Party
• 19:31
  member of the state of Texas House of Reps addressed the
• 19:34
  development of a gold backed token in Texas at the North
• 19:38
  American Blockchain Summit. So here this is misses Madding
• 19:44
  in a fireside chat with Coinbase.
• 19:47
  David Deyong he's Coinbase is the one of the big crypto
• 19:51
  exchanges. Harris argued that a state
• 19:53
  issued gold back token could serve as a gateway for Texans to
• 19:58
  explore digital assets like Bitcoin.
• 20:01
  No, you know it. I'm sorry a stepping stone to
• 20:04
  Bitcoin. So they talk about what we just
• 20:06
  talked about in green. We won't repeat that.
• 20:08
  Under the plan, each of each unit of the digital currency
• 20:12
  would represent a fraction of a Troy ounce of gold held.
• 20:16
  And trust. Harris said the initiative could
• 20:18
  help skeptics become more comfortable with crypto by
• 20:22
  offering the government issued digital alternative before
• 20:26
  transitioning to decentralized assets like Bitcoin.
• 20:30
  I mean, come on man. That there's a big difference
• 20:33
  between crypto and physical gold and silver.
• 20:36
  For those who are reluctant to enter into owning Bitcoin or
• 20:39
  exploring crypto, a state issued coin would give them somewhat of
• 20:43
  a comfort level compared to tokens issued by startups.
• 20:47
  The state issued digital currency backed by gold is
• 20:50
  something safe. OK, he does say that that people
• 20:54
  can get their feet wet with. It's more of a stepping stone to
• 20:57
  owning Bitcoin than competing with or taking the place of
• 21:01
  something like that. Then they talk about about the
• 21:04
  CBD CS and why we need to be afraid of CBD CS.
• 21:07
  Yeah, no, my opinion, asset back digital currencies like Texas is
• 21:12
  proposing 100% backed by physical regulated, audited by
• 21:17
  the state Comptroller are one of the best things could happen for
• 21:20
  us as silver and gold investors because it would level the
• 21:23
  playing field of money and it would create massive new sources
• 21:29
  of demand for silver and gold. And this is what happens.
• 21:33
  What it what do you think happens?
• 21:35
  Think about this, what happens when you mix when you mix money
• 21:41
  with things that are man made? Or how did I said that wrong?
• 21:44
  Hold on a second. This is what happens when you
• 21:47
  mix money with technology. Remember when the printing press
• 21:52
  first came along? Then they realized that they
• 21:55
  could print these things into Infinity, right?
• 21:58
  OK, what happens when when? Now it's digital, What happens?
• 22:02
  Let's just look at a couple quick examples.
• 22:04
  OK? Here's a great example.
• 22:06
  And this is a this is really a sad, sad story.
• 22:09
  So if you're not in the mood to hear something sad, as Coin Shop
• 22:13
  Chris would always say, you can go watch Roadrunner cartoons or
• 22:16
  something like that. But let's look at the CNBC
• 22:18
  headline. OK, I have no money.
• 22:22
  I have no imagine that this is you.
• 22:23
  I have no money. Thousands of Americans see their
• 22:28
  savings vanish in the synapse Fintech crisis.
• 22:32
  OK, I'll tell you what happened real quickly here.
• 22:35
  But this is fintech, right? Mixing finance.
• 22:38
  That's where the word fintech comes from.
• 22:40
  You're mixing finance with technology.
• 22:44
  OK? You're not mixing silver and
• 22:47
  gold with techno. No, you're mixing finance and
• 22:49
  technology. And these are examples of what
• 22:51
  can happen because thousands of Americans will receive little or
• 22:55
  nothing from savings accounts that were locked during the
• 22:58
  collapse of fintech middleman Synapse.
• 23:01
  Customers believe the accounts were backed by the full faith
• 23:04
  and credit of the US government. CNBC spoke to dozens of
• 23:08
  customers caught in the predicament.
• 23:11
  People who have lost sums ranging from 7000 to well over
• 23:16
  $200,000. While there's not yet a full
• 23:20
  tally of those left Shore changed.
• 23:22
  At Fintech Yatta alone, 14,000 customers say they're being
• 23:25
  offered a combined 11.8 million despite putting 65,000,000 into
• 23:32
  deposits. Listen to this story.
• 23:35
  This, this is what happens. This is this is what happens
• 23:38
  when you mix, when you when you mix technology with money.
• 23:44
  OK, right. Whether it's the when the
• 23:45
  printing press was the hot new technology or now the computers
• 23:49
  are the hot new technology, whatever the case may be, this
• 23:52
  is sad. So, you know, take a deep
• 23:55
  breath. We can feel for this person of
• 23:57
  this family and what happened. For 15 years, former Texas
• 24:01
  school teacher Kayla Morris put every dollar she could save and
• 24:05
  into a home for her growing family.
• 24:08
  When she and her husband sold the house last year, they stowed
• 24:11
  away the proceeds $280,000 and what they thought of as a safe
• 24:16
  place in an account at the savings startup Yatta, right?
• 24:21
  This is a fintech company, OK, held at a real bank.
• 24:24
  Morris, like thousands of other customers, was snared in the
• 24:27
  collapse of behind the scenes fintech startup called Synapse
• 24:31
  and has been locked out of her account.
• 24:33
  This is this is crazy when you get to the end of this.
• 24:36
  For six months, she held out hope that her money was still
• 24:40
  was still secure. Then she learned how much
• 24:43
  Evolved Bank and Trust, the lender where her funds were
• 24:46
  supposed to be held, was was prepared to return to her in
• 24:51
  yellow. Last paragraph here.
• 24:53
  We were informed last Monday that Evolve was only going to
• 24:57
  pay us $500 out of that 280,000, Morris said during a court
• 25:04
  hearing last week. Her voice was wavering.
• 25:07
  It's just devastating. And here's what happened.
• 25:10
  Just this last little red paragraph here.
• 25:12
  The crisis started in May when a dispute between Synapse and Eval
• 25:16
  Bank over customer balances boiled over and the fintech
• 25:20
  middleman turned off access to key system used to process
• 25:24
  transactions. Synapse helped fintech startups
• 25:27
  like Yadda and Juno, which are not banks, offer checking
• 25:31
  accounts and debit cards by hooking them up with small
• 25:34
  lenders like Evolve. So these people thought I
• 25:37
  thought their money was safe. These people thought that their
• 25:40
  money was F Dick insured. You know what F Dick is FDIC,
• 25:45
  the Federal Deposit Insurance Corporation, which only has
• 25:47
  enough money to cover like half a 1% or something like that.
• 25:50
  Don't quote me on that. But anyway, we know, right?
• 25:54
  The banking system in this country is screwed up.
• 25:56
  These people thought their money was safe.
• 25:58
  Let me let me show them right? And I'm very sorry.
• 26:01
  That's a very sad story. This is safe, OK?
• 26:05
  This is safe. This is paper, OK, Electronic
• 26:10
  money not safe now, now, right. OK, so don't forget about this
• 26:15
  right? When that money starts, look
• 26:18
  over there when that money starts coming down, that that
• 26:23
  food chain down the gold and silver guys, it takes like 1% of
• 26:28
  this to make the the price of gold and silver go up two or
• 26:31
  three or 410 times. I'm sorry, mining stocks even
• 26:35
  crazier. So if you think, if you think,
• 26:40
  uh oh, hold on, OK, If you think, if you think that the
• 26:43
  price, the value, not the price, right, We the value of this I'm
• 26:47
  I'm sorry, I apologize. I called it price.
• 26:49
  The value of this ounces, right we measure it in ounces is going
• 26:55
  to improve in the coming months, quarters and years and decades.
• 26:59
  I'd encourage you to please help support our channel sponsor
• 27:03
  PMBEX. We'll go out here and get an
• 27:05
  update on the silver and gold price.
• 27:06
  Here we are at the PMBEX website, Pi MB EXI get
• 27:10
  continuous emails from you guys, overwhelmingly positive response
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  about your experiences with PMBEX.
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  you about because I know from my experience that Pembex has ultra
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  competitive pricing, great selection, and it's a company
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  that I have 100% trust in. OK, you, I'm not telling you
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  what to do, do your own due diligence to make your own
• 27:36
  financial decisions, all that great stuff.
• 27:38
  I can just tell you what my experience has been and this
• 27:41
  happened before they sponsored the basement.
• 27:45
  That's a fact. You can audit me if you like,
• 27:48
  OK? And after they've sponsored the
• 27:52
  channel, I've continued to have great experiences.
• 27:54
  But what's most important is that you guys are having great
• 27:57
  experiences. So thank you PMBEX for
• 27:59
  sponsoring Ron's Basement. And of course, one of the
• 28:02
  funnest things about this is this little gold thing here, the
• 28:04
  PMBEX magic button, because you press that and you get an update
• 28:08
  on the gold and silver price, which funny, it hasn't changed.
• 28:11
  Maybe that's because the markets aren't open.
• 28:13
  Guys, Gold, 2717 dollars, silver sitting, it's knocking, knocking
• 28:19
  on $31.50 per oz. I think we're in for quite some
• 28:25
  fun. OK, let me just remind you of
• 28:28
  one more quick thing about electronic money and crypto and
• 28:32
  man made money Because Remember, Remember, remember as we talk
• 28:36
  about this, gold and silver are the are the solid base of all
• 28:40
  this other man made synthetic stuff.
• 28:43
  Here's a great little story. Here we go.
• 28:48
  OK, that was a fintech startup. Remember this clown, huh?
• 28:53
  Yeah, he's a clown. I'll call him a clown sometimes.
• 28:56
  You guys call me a clown. That's fine.
• 28:57
  This guy's a clown. Clown and a crook.
• 29:01
  Sam Bankman Freed. Remember him?
• 29:03
  FTX. That was, they had like a ads
• 29:06
  during the Super Bowl. You know, this was the smartest
• 29:09
  guy in the room. His parents were like, I think
• 29:11
  connected to the Clintons and all kinds of stuff.
• 29:14
  All right, Remember him? Sam Bankman Freed Co, founded
• 29:18
  FTX at crypto exchange and quick quickly built it into the
• 29:22
  world's second most popular place to trade digital currency.
• 29:25
  It collapsed almost as quickly. By the fall of 2022, it was
• 29:30
  bankrupt. OK, They charged him with
• 29:32
  misappropriating billions of dollars in customer deposits.
• 29:36
  They said he used the money to prop up his hedge fund, buy real
• 29:40
  estate and attempt to influence cryptocurrency regulations by
• 29:43
  making campaign contributions. Excuse me.
• 29:47
  Hold on. Let's have a cup of coffee. the
• 29:49
  US politicians and to pay 150 million in bribes.
• 29:54
  Oh, my gosh, the Chinese government officials.
• 29:57
  I'm not saying anything, OK? I'm not anti.
• 30:00
  I know people love their cryptos.
• 30:02
  That's great. But we can't deny that, what,
• 30:05
  two years ago, three years ago, this was one of your saviors.
• 30:09
  OK, All right. To me again.
• 30:12
  We'll go back to this and I believe unequivocally, uh oh, I
• 30:17
  forgot. Did I forget to put that on
• 30:19
  there? I'm sorry.
• 30:20
  We were looking at the thing the whole time.
• 30:22
  This guy. Sorry about that, guys.
• 30:24
  That's the clown. Sam Bankman Freed, OK, I'm
• 30:28
  sorry. And a crook on top of that, OK,
• 30:31
  He's as bad as Bernie Madoff or any of these other people.
• 30:35
  And what we were I made you stare at the whole time is
• 30:38
  again, right? That's it.
• 30:39
  You know, up here, I believe it is up here, crypto currencies.
• 30:43
  I think this stuff down here is made by God, made by the
• 30:47
  universe, whatever you believe. Not a political channel, not a
• 30:50
  religious channel. And I forget what else I'm not,
• 30:53
  but I believe this stuff is made by God, by universe, whatever
• 30:58
  you want to call it. This is all make believe.
• 31:00
  Unicorn fart dust, electronic paper, derivatives, whatever you
• 31:05
  want to call it. That's great.
• 31:07
  OK, OK, now there's one more guy I want to remind you of.
• 31:12
  Is it a Ponzi? Is it a Ponzi?
• 31:14
  Hold on here. Let's go back and let's go to
• 31:20
  this. OK, Markets and Mayhem says, OK,
• 31:25
  we are. We are a giant Ponzi scheme
• 31:30
  explained in terms that most people would have trouble
• 31:34
  appreciating. And I understand it's mind
• 31:36
  numbing. They've made our financial
• 31:38
  system so crazy complicated and they did it on purpose guys,
• 31:44
  because they're sticking it to us, OK?
• 31:47
  It's a giant Ponzi. Thus, instead of fearing a
• 31:52
  complete equity wipeout, they are more inclined to buy,
• 31:56
  believing that this is a superior way to gain crypto
• 32:00
  exposure. This guy, look, I've never met
• 32:03
  him. I say this about very few
• 32:05
  people. This is Michael Saylor.
• 32:07
  He's a big Bitcoin crypto. He's the CEO of MicroStrategy,
• 32:11
  which is a tech company which now just basically buys Bitcoin,
• 32:15
  borrows money in the bond market and buys Bitcoin.
• 32:18
  I've never met the man, so I can't say this 100%, but I can
• 32:22
  tell you 99% he gives me the creeps.
• 32:26
  OK. And one thing I've learned over
• 32:28
  the years is that if somebody gives me the creeps, I'm better
• 32:32
  off trusting my gut and staying away from them.
• 32:35
  And he gives me the creeps. Maybe if he comes down here in
• 32:38
  the basement and meets me in person, I'd feel differently.
• 32:41
  But he gives me the creeps. And we're talking about a Ponzi.
• 32:48
  That's the world we're living in right now.
• 32:50
  It's unbelievable. OK.
• 32:52
  And then top on that, on top of that, shoot, hold on, on top of
• 32:56
  that final point, just to say how crazy, remember here I can't
• 33:03
  got to pick up the right one. This this and in my opinion,
• 33:08
  crypto, OK, are are are over here, right?
• 33:11
  These are all these make believe make funny and funny money
• 33:15
  electronic, whatever you want to call it.
• 33:16
  I know there's a lot of people that love both gold and silver
• 33:19
  and crypto. That's great for you, OK?
• 33:21
  You're entitled to your opinion. I'm entitled to my opinion and
• 33:24
  you as the viewer are entitled to your opinion.
• 33:27
  You don't have don't believe me, don't believe Michael Saylor,
• 33:30
  don't believe yourself. OK, but I believe over here you
• 33:34
  got Federal Reserve notes, right?
• 33:38
  I got the right one. Monopoly money.
• 33:40
  And then you can't see it. But I've got some cryptos over
• 33:43
  here, too. Over here is upside down.
• 33:47
  Hold on real money. And what if I told you this is
• 33:51
  madding to me? There's a thing last, last thing
• 33:54
  on this Doji coin, DOGE coin. It was a crypto that was made-up
• 33:59
  as a joke. Look it up.
• 34:02
  It was a joke. The guy that invented it, it was
• 34:05
  a joke. Guys.
• 34:07
  That right now, right, or as of a couple days ago, I haven't
• 34:10
  checked, but but the Doji coin, it's called has a market cap
• 34:15
  that's like, I don't know, six, $58 billion or something more
• 34:20
  than more than twice the amount that it would take to buy every
• 34:25
  ounce of silver. You could buy every ounce of
• 34:27
  silver that's going to be produced this year in the world
• 34:30
  two times over. Are you freaking kidding me?
• 34:34
  Sorry, and I didn't really cuss, but I don't like that word
• 34:37
  either. Are you kidding me?
• 34:41
  Doji coin, right? The market cap, you could buy
• 34:46
  every ounce of silver produced in the world this year with the
• 34:50
  market cap, a doji coin. But no, there's more.
• 34:54
  You could, you could. You can't just buy it once.
• 34:56
  Folks know you can buy it twice. If I own doji coin, I think it'd
• 35:01
  be a great wouldn't you think it'd be a great time to convert
• 35:04
  some of your Doji's into silvers?
• 35:08
  Especially with this unbelievable gold to silver
• 35:12
  ratio we have right now. What is going on folks?
• 35:15
  OK, who, how can we even remotely justify that?
• 35:19
  It takes 8784, whatever it is, excuse me, ounces of silver to
• 35:26
  get one ounce of gold. That's crazy too.
• 35:27
  Silver is the most undervalued asset in the history of the
• 35:32
  world. Let's talk about the biggest
• 35:33
  then we're going to talk about brown Friday, you know, learn
• 35:36
  something very interesting and funny.
• 35:39
  But Friday after think they had it all wrong.
• 35:42
  It's not Black Friday, it's brown Friday.
• 35:44
  Maybe it'll be gold and silver Friday, but we'll talk about
• 35:47
  brown Friday. But first, let's talk about
• 35:49
  this. I thought was astounding.
• 35:51
  The biggest gold deposit in the world.
• 35:56
  This is the largest. This comes from the Indian
• 35:59
  Deference Review. Thought it was from somebody
• 36:03
  else. Hold on a second.
• 36:04
  Oh, yeah, the IDR. OK, This is the largest gold
• 36:08
  deposit in the world, and it's accessible to everyone,
• 36:11
  including you and me. Wait till you see these stats.
• 36:16
  According to NASA, there's approximately 20 million tons of
• 36:19
  gold dissolved in sea water. That's not that's crazy.
• 36:23
  OK, but it's there's something else that I think is just mind
• 36:27
  numbing. This staggering amount eclipses
• 36:30
  all the gold humanity has ever mined throughout history, which
• 36:34
  amounts to a mere 200,000 tons. So all throughout history, if
• 36:41
  you add up all the gold that has ever been mined in the world,
• 36:45
  it's 200,000 tons. This blew me away.
• 36:50
  To put this into perspective, if we were to melt all the gold
• 36:54
  that was ever extracted, a thank you.
• 36:57
  Thank you Dan W and I'm going to come back to that.
• 37:00
  Thank and thank you, Susie. Let me start over.
• 37:02
  And gold, to put this into perspective, basement dwellers,
• 37:06
  if we took all the gold that had ever been mined in the history
• 37:09
  of the world, OK and put it, melted it down, it would form a
• 37:13
  cube measuring only 22 meters on each side.
• 37:20
  OK, so today's Sunday. You might watch some football.
• 37:23
  Hold on there. Yeah, well, well, there you are.
• 37:26
  I think we're still alive. OK, today's Sunday.
• 37:30
  You might watch some football. While you're watching football,
• 37:34
  I want you to look at 20 yards on a football.
• 37:37
  That's about what that what they say. 22 meters, right.
• 37:40
  Hold on. Let me make sure I got this
• 37:41
  right. I don't want to get myself in
• 37:43
  trouble here. Yeah, 22 meters, which is a
• 37:47
  little more than 20 yards, right.
• 37:49
  But just think of 20 yards on that football field and then
• 37:53
  think of 20 yards the other way, a square, 20 yards, and then go
• 37:57
  20 yards up. OK, that's a cube.
• 38:00
  That's all the gold that has ever been mine.
• 38:04
  Oh, Oh my gosh, I forgot to put me on screen.
• 38:08
  Sorry, guys, let me do that again.
• 38:10
  Think of this shirt gold. That's all the gold that's ever
• 38:13
  been mined in the history of the world.
• 38:15
  To me, that's mine numbing. Now we're going to talk about
• 38:18
  the moment you've been waiting for Brown Friday.
• 38:20
  I do want to say thank you to channel sponsor First Mining
• 38:23
  Gold, Canadian gold developer. Do you want gold in the ground?
• 38:26
  Maybe you like you like to own gold.
• 38:29
  That's great. OK.
• 38:31
  If you want to own stock in a company that has gold in the
• 38:34
  ground in Canada, I'm never giving financial advice here,
• 38:37
  but you may want to investigate first mining gold.
• 38:40
  They have two multi million ounce development stage projects
• 38:44
  in Canada, the Duke Parquet project in Quebec and the Spring
• 38:47
  Pole project in Ontario. And I want to say thank you to
• 38:50
  Fortuna Mining. They are an active mining
• 38:53
  company, silver and gold in Latin America and an expanding
• 38:57
  gold mining operation in West Africa.
• 39:00
  I'll put links to those companies in the description of
• 39:02
  this video. Oh, and then we got to talk
• 39:05
  about the Fed one more time. Big news week this week, but
• 39:08
  we're going to talk about Brown Friday and then we're about the
• 39:11
  Fed. You guys remind me if I get
• 39:13
  screwed up, there's a lot to remember.
• 39:17
  Join me for a quick sip of coffee.
• 39:27
  That was a little more than a sip.
• 39:29
  Oh, I want to say thank you. We got some super chats here.
• 39:32
  Jay Lizard, my friend. Super sticker.
• 39:35
  Thank you. Jay Lizard.
• 39:36
  Thank you for that. And Dan.
• 39:39
  Hey Dan, how you doing? I like to show Ron how much I
• 39:42
  appreciate his show and silver news and updates.
• 39:45
  Thanks, Dan and Susie and to come.
• 39:47
  Thanks for mentioning the crew. Right, the moderators.
• 39:50
  Thanks everybody for being here. Thank you, Dan.
• 39:53
  Thank you to the moderators. Jake from Jake's Custom parts,
• 39:56
  Big Tim, the Silvershire. And there's only one, there's
• 39:58
  only only Annie Oakley and of course, my lovely wife and
• 40:03
  assistant Suzanne, or maybe I should say my boss, Suzanne.
• 40:07
  Thank you, Dan. I appreciate that.
• 40:09
  You guys ready for something funny Brown Friday.
• 40:12
  I'd never heard of this and but it makes sense the most.
• 40:16
  Clog it's Thanksgiving coming up.
• 40:18
  Be careful what you put down your drains, OK, because the
• 40:22
  most clogged U.S. cities, this is my question.
• 40:25
  Do you live in one of the most clogged cities?
• 40:27
  The most clogged U.S. cities revealed ahead of brown Friday
• 40:32
  and wait till you hear why they call it Brown Friday.
• 40:35
  We'll come back to that and then we'll see if your states if your
• 40:38
  states on their plumbers in the United States are preparing for
• 40:42
  Brown Friday, the busiest day of the year for their profession
• 40:45
  and the one the the one and now and one analysis suggests Los
• 40:50
  Angeles is likely to be the most clogged city the country's
• 40:54
  plumbers refer to the day after Thanksgiving.
• 40:56
  Don't worry, we're getting back to gold and silver here soon
• 40:58
  guys. Is brown Friday as it is
• 41:01
  consistently the busiest day of the year, averaging 50% more
• 41:06
  calls than and then an average Friday.
• 41:08
  So is your state. Do you need to be careful this
• 41:11
  Thanksgiving? One of the states that is the
• 41:16
  the highest clog rate in the United States, my state or my
• 41:20
  city, Saint Louis is on here. You can look at this map and see
• 41:24
  Miami's bad. Nashville, Sacramento, and
• 41:28
  Baltimore, MD round out the top five.
• 41:30
  Number 20 is St. Louis, MO.
• 41:32
  Just be careful what you put down the drain.
• 41:34
  Look, I'm not a plumber, but I will give some plumbing advice,
• 41:37
  OK? It is a pain.
• 41:39
  It's expensive to get a drain fixed.
• 41:41
  Be careful what you put down. No grease, no celery, anything
• 41:45
  like that. I'm going to give you a quick
• 41:47
  tip. It's funny because I've kept the
• 41:48
  city next to me. I've talked about this before on
• 41:51
  the show, but a plumber 20 years ago told me about this product.
• 41:56
  Thrift. OK, look it up.
• 41:59
  Do your research, OK? If you ever have a drain, it's
• 42:02
  going slow. I happen to live with two or
• 42:05
  three beautiful women that have hair that gets clogged up in the
• 42:08
  shower once the drain slows down.
• 42:11
  Read the directions, use that product and you'll thank me,
• 42:13
  thank me, thank me and numerous plumbers.
• 42:16
  It used to be you could only get it at plumbing supply houses.
• 42:19
  They told me that's like the only thing they use to get rid
• 42:22
  of clogged drains. OK, thrift.
• 42:24
  I'll put a link to it in the description of this video.
• 42:27
  OK, now where was I? OK, OK, Brown Friday now.
• 42:31
  So this week, big news, it's going to be a shortened week.
• 42:35
  It's Thanksgiving, happy Thanksgiving, basement dwellers,
• 42:38
  but we're also going to get major news that could have major
• 42:42
  impact on the silver and gold price.
• 42:45
  Like this is like, again, they all, you know, we're going to
• 42:48
  act like we're CNBC or Yahoo Finance, the biggest news in the
• 42:51
  history of the financial universe on Wednesday.
• 42:54
  We're going to get the PCE numbers.
• 42:56
  Let's just look at this quickly. That is the Feds and the reason
• 43:00
  why this is a big deal is because this is the Fed's
• 43:04
  preferred inflation gauge, OK? We hear that over and over.
• 43:07
  That's why this is a huge deal. Hello, Fishy.
• 43:10
  Hold on there. Make sure I got you guys on the
• 43:11
  right screen, which I do, OK, Fed's preferred inflation gauge
• 43:16
  highlights holiday short and trading week.
• 43:19
  What to know this week so we can see major movements in the
• 43:23
  silver and gold price after this number comes out on Wednesday.
• 43:26
  Be prepared. Now let me where is it down here
• 43:31
  in the week ahead, fresh reading on the feds preferred inflation
• 43:35
  gate. The personal consumption
• 43:36
  expenditures will highlight the economic calendar blah, blah,
• 43:41
  blah. We're not going to spend.
• 43:42
  I'm going to tell you what's really going on.
• 43:43
  Here's what's really going on on Wednesday we're going to get
• 43:46
  some BS inflation number. OK, the the experts think that
• 43:50
  it might take up a little bit. This is we're living in fantasy
• 43:54
  island when it comes to economic numbers it but it will have a
• 43:58
  little impact on the price of gold and silver.
• 44:00
  But I'm going to give you the good news.
• 44:02
  The reason and why we really don't have to worry about it
• 44:05
  when I and I wrap this point up, But here's the here's what the
• 44:09
  mainstream is going to say if the if the inflation number goes
• 44:12
  up and they are expecting it to go up a little bit, right?
• 44:15
  Well, that means the Fed can't lower rates.
• 44:17
  That means blah, blah, blah. That means this guys, that means
• 44:22
  let's go out here to the CME Fed watch tool because we're at
• 44:26
  about 5050 right now. Come on, CME Fedwatch Tool.
• 44:31
  Why do you why do you keep doing this and I don't.
• 44:34
  Oh, there it is. OK, hold on here, guys.
• 44:37
  Hopefully you're still with me. OK, here we go.
• 44:44
  All right, all right, here we are.
• 44:46
  So this this is not as complicated as it looks, guys.
• 44:50
  This shows the odds of a rate cut right here for December.
• 44:55
  Let me here. You know what?
• 44:56
  Let me, I'll draw this quickly for you for December 18th Fed
• 45:03
  meeting, which we know is like what, 30 days away, something
• 45:07
  like that. Here is the current rate, OK?
• 45:12
  The current rate that the Fed has said is 4.5 to 4.75.
• 45:17
  This tells us, and this is the same number down here, there's
• 45:20
  almost a 48% chance that they're going to leave rates alone, not
• 45:25
  change them at all. And we have a 53% chance, right,
• 45:30
  that they're going to lower because here we're at 4.5 on the
• 45:33
  low end down here we're at 4.25. Those are called basis points.
• 45:37
  If you want to be, they try to complicate everything, 425 basis
• 45:41
  points that this would lower. This would essentially take the
• 45:44
  lower end from 4:50 down to 425, which is the same as 4.5 or
• 45:50
  4.25. This would be a 25 point, you
• 45:56
  know, 25 a quarter point or 25 basis point decrease.
• 46:01
  When we get this big news on Wednesday that will that will
• 46:06
  change that number, OK, because everybody's watching it and
• 46:10
  everybody knows the Fed is the Fed watches that number and that
• 46:13
  could have a short term. Don't worry, there's a happy,
• 46:17
  happy, you're like happy endings, OK, There's a happy
• 46:20
  ending to this story could have a short term impact on the
• 46:23
  silver and gold price. We could be, you know, and don't
• 46:26
  look, let's say we get clobbered on Wednesday.
• 46:29
  Don't let it. Don't let it ruin your
• 46:31
  Thanksgiving. Don't you love seeing all that
• 46:36
  family? Yep, we're going over to anyway.
• 46:39
  Maybe we're having I don't know what's going on.
• 46:41
  We're having it here. Don't let it ruin your
• 46:43
  Thanksgiving, OK, because it's all turned into a smoke and
• 46:48
  mirrors. the Fed. The Fed, the Fed used to have
• 46:52
  like my kids play these video games and they have like a
• 46:54
  health meter like between 100 and 0. the Fed is losing their
• 46:58
  power, their potency. OK, they still have some a good
• 47:03
  amount of power and potency, but the world is changing.
• 47:05
  And at the end of the day, even if we get a super high inflation
• 47:10
  number, guys, inflation, I have a such a hard time and I
• 47:14
  apologize to you putting this into words, but inflation is
• 47:20
  reasserting itself, becoming more powerful, becoming that
• 47:25
  this is a good way to say it, becoming more powerful than the
• 47:29
  Fed. OK, and and I got a little
• 47:32
  secret for you. the Fed wants the Fed lies.
• 47:35
  OK, the Fed lies. We know that the feds going to
• 47:38
  tell you. Oh, oh, yeah.
• 47:39
  We want to keep inflation down and that's our goal, right?
• 47:42
  They only want to steal 2%. The reality is they need
• 47:45
  inflation. The only way the system keeps
• 47:48
  going and we're at this. We're at this paradigm shift or
• 47:53
  major sea change right now, where as we move into 2025 and
• 47:57
  President Donald Trump wants inflation, President Donald
• 48:00
  Trump wants a weaker dollar. All right, inflation is going to
• 48:06
  become a big front page item again.
• 48:10
  And #2 it, it, it's it, it's going to lose its ability to
• 48:17
  temporarily, excuse me, temporarily knock down the gold
• 48:21
  and silver price inflation, guys, is nothing more than this,
• 48:27
  OK? Becoming worth less.
• 48:30
  That's a Federal Reserve note, unfortunately.
• 48:33
  We love our country, right? Look, you know I've got a self
• 48:36
  waving American flag. You know how expensive those
• 48:39
  things are? Very expensive.
• 48:41
  Look it up. Get a self waving flag Anyway,
• 48:44
  we don't like it, right? We didn't 'cause it.
• 48:47
  But it's the reality of what's going on.
• 48:49
  And as these go down, as more and more and more and more and
• 48:53
  more of these need to be created, poof, out of thin air
• 48:57
  eventually. And it's like a growing
• 48:59
  momentum. It's like a snowball.
• 49:02
  It will create a massive supportive environment for the
• 49:05
  precious metals. Look, four years ago, if
• 49:08
  inflation was up, right, that was bad because that meant the
• 49:11
  Fed was going to have to raise rates.
• 49:12
  Raise rates. Well, the feds lost their magic.
• 49:15
  The Wizard of Oz has been exposed.
• 49:18
  Thank you guys for being here. I really appreciate you.
• 49:22
  OK. You are the most important part.
• 49:24
  Please, if you could subscribe to the channel.
• 49:27
  Most of you are. But I want you to know that
• 49:30
  you're important to Susie and I. And we know that your time's
• 49:33
  valuable. And the number one thing that we
• 49:36
  love about doing this really is the community.
• 49:39
  And you're part of that when you're here in the basement.
• 49:41
  So thank you. Enjoy your Sunday.
• 49:43
  OK. And I'll see you soon.
• 49:46
  Thank you. It's all I can say.
• 49:48
  Thank you. See you later.
• 49:51
  Bye. Bye.
• 49:52
  Have a good day.