Latest / Financial Survival Network / Silver Panic Has Already Started - Andy Schectman #6391

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Silver Panic Has Already Started - Andy Schectman #6391 · Financial Survival Network

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Speaker 2: Ever, not at all, And I think we are actually
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Speaker 2: live streaming here. We saw like the massive rut up
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Speaker 2: in silver. You and I we've known each other fifteen
0:38
Speaker 2: years now now and longer, I think, right fifteen sixteen,
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Speaker 2: Maybe I don't know, I can't keep track anymore. You know,
0:47
Speaker 2: the years they just you know, basically they just keep
0:53
Speaker 2: going and going, right, But like you know, in this
0:58
Speaker 2: fifteen years we saw silver, I mean it was trading
1:02
Speaker 2: as low as eight ten bucks an ounce and then
1:07
Speaker 2: you know, and then it it like took off finally
1:11
Speaker 2: after all these years, and something happened really interesting, and
1:16
Speaker 2: we got fourteen people along with us here. Something really
1:19
Speaker 2: interesting happened, and that is that it went up to
1:24
Speaker 2: one twenty one and then it got slammed down like
1:27
Speaker 2: almost instantaneously. But it doesn't look like they can get
1:31
Speaker 2: it much under seventy five. Armstrong called this almost to
1:36
Speaker 2: the day it happened on I think it was January
1:43
Speaker 2: twenty ninth or January thirtieth, and he was calling it
1:46
Speaker 2: for February second. So obviously the cycles showed that this
1:52
Speaker 2: was going to happen. When is the cycle going to
1:55
Speaker 2: turn here? Because it looks like seventy five is the
1:58
Speaker 2: new is the new support level?
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Speaker 3: Yeah? I mean that that to me that that weekend
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Speaker 3: is called the Shanghai flip. And I'll get into that
2:09
Speaker 3: in a moment, but before I explain what I mean
2:11
Speaker 3: by the Shanghai flip, the BIS, the Bank of International Settlements,
2:16
Speaker 3: which is the most powerful bank on the planet, came
2:18
Speaker 3: out and said this is structural. This is not fundamental
2:21
Speaker 3: one bit. This is a result of two things happening.
2:25
Speaker 3: Number one, margin increases at a massive level, but raising
2:30
Speaker 3: margins into January right at the time when all of
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Speaker 3: the levertytfs had to rebalance, and they all they knew
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Speaker 3: this was coming. So it's the worst time. The BIS,
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Speaker 3: more or less, I felt, by reading the article kind
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Speaker 3: of took the CME group out to the woodshed and game,
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Speaker 3: you know, a backhand, saying why the hell would you
2:50
Speaker 3: raise margins to the degree that you did, leading into
2:54
Speaker 3: the rebalancing of the ETFs. They have to rebalance at
2:56
Speaker 3: the end of the year. The first couple of weeks
2:58
Speaker 3: in January is notorious for this, where you have to
3:01
Speaker 3: rebalance as things got way out of whack with silver
3:04
Speaker 3: going way way up into the end of the year.
3:07
Speaker 3: A month or week over week over week, we kept
3:09
Speaker 3: seeing gains. The margin increases, Carrie were extraordinary, and on
3:15
Speaker 3: December first, it costs rough fifteen thousand dollars to you know,
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Speaker 3: to hedge five thousand ounces of silver, or to buy
3:21
Speaker 3: a five thousand ounce contract with silver at sixty bucks
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Speaker 3: an ounce. Then it was you know thirty that's a
3:27
Speaker 3: three hundred thousand. It costs fifteen grand, so you know,
3:30
Speaker 3: you're doing twenty to one leverage. By January thirtieth, when
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Speaker 3: it collapsed, it was fifty four thousand. It had gone
3:37
Speaker 3: up over three hundred percent in the face of rebalancing.
3:41
Speaker 3: The rebalancing meant that they had to sell to rebalance
3:44
Speaker 3: the ETF, so selling beget selling, beget selling, beget selling.
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Speaker 3: At the same time, margins were going way the hell up,
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Speaker 3: and it was completely structural. Now that's what the BIS
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Speaker 3: wasn't fundamental at all. This was this was orchestrated. It's
3:57
Speaker 3: basically what they were saying. But the reason I the
4:00
Speaker 3: Shanghai flip actually is that on January thirtieth, when gold
4:05
Speaker 3: and silver crashed, what you saw was China come in
4:13
Speaker 3: and bought more silver in the month of February and
4:17
Speaker 3: March than ever ever ever before. In February or in March. Rather,
4:26
Speaker 3: they were up seventy eight percent month over month to
4:30
Speaker 3: a record eight hundred and thirty six tons. It's one
4:34
Speaker 3: hundred and seventy three percent above the ten year seasonal
4:38
Speaker 3: average for March. The month before that, in February was
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Speaker 3: the largest import prior to March that they had ever
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Speaker 3: done in recorded history. So in February and March they
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Speaker 3: have their two biggest ever imported import numbers for silver
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Speaker 3: ever and one hundred and seventy three percent above the sea.
5:00
Speaker 3: There's no average. As the price was getting its teeth
5:03
Speaker 3: kicked in, and I'm sure they did the exact same
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Speaker 3: thing with gold as well, So as the price was
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Speaker 3: getting clobbered, we saw big deliveries. How about in on Comax.
5:13
Speaker 3: On Comx in the month of February which was a
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Speaker 3: non delivery month, although you can take delivery, the primary
5:18
Speaker 3: would have been January, not February, March, not April, May,
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Speaker 3: et cetera. We saw about twenty six million ounces delivered
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Speaker 3: to comx. Now every single month for eighteen nineteen months,
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Speaker 3: we've seen this, and this is way unusual. We never
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Speaker 3: see these kind of deliveries. Never less than one percent
5:33
Speaker 3: stood for delivering my old thirty six year career, but
5:36
Speaker 3: every single month he won the election, we've seen these deliveries. Right, So,
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Speaker 3: about twenty six million ounces were delivered in the month
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Speaker 3: of February as it got its ass handed to it,
5:45
Speaker 3: but thirty nine million ounces left comes got on trucks.
5:52
Speaker 3: That's two million pounds of silver got on trucks and
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Speaker 3: drove away. Who ran logistics, who put them on the semis,
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Speaker 3: who ran the insurance of where they held? Is it going?
6:01
Speaker 3: And I think that's really all people need to understand
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Speaker 3: is that the paper price is nothing but a tool
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Speaker 3: of misdirection, as the money that is standing behind this silver,
6:10
Speaker 3: who obviously is close to the information. Sure most well
6:13
Speaker 3: informed and well funded traders on the globe have been
6:16
Speaker 3: standing for delivery at a level no one has ever seen.
6:19
Speaker 3: And it's not just having it delivered into COMEX. Two
6:21
Speaker 3: million pounds drove away in February, right after it experienced
6:26
Speaker 3: its biggest decline ever. And I've said this a lot
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Speaker 3: on podcasts recently. They don't mean to beat a dead orse,
6:32
Speaker 3: but they asked Wayne Gretzky all the time, how the
6:34
Speaker 3: hell you're a little guy? Were you so good? Because
6:37
Speaker 3: I always skated to where the puck was going? He said,
6:39
Speaker 3: never to where it was. And these people who are
6:42
Speaker 3: spending that kind of money know where the puck is going.
6:44
Speaker 3: And to me, you ask, and Martin certainly, I'm sure
6:48
Speaker 3: a lot goes into his analysis and his computer programs
6:51
Speaker 3: that may pick up on other things too, not just cycles,
6:54
Speaker 3: other things such as what's happening on COMEX and what's
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Speaker 3: happening with the deliveries and all all of this stuff.
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Speaker 3: I would just simply say to you that nothing has changed,
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Speaker 3: Nothing fundamentally has changed. Bis even said it it was
7:10
Speaker 3: a structural, synthetic, orchestrated event that enabled them to massively,
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Speaker 3: massively blow up the open interest, because in reality, there
7:21
Speaker 3: is just a tiny amount of metal backing a huge
7:25
Speaker 3: amount of open interest. In fact, right now Thursday this
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Speaker 3: month is the main delivery, the first day of deliverying.
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Speaker 3: Another example of this, the numbers right now for Thursday
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Speaker 3: is I'll have it right here. Bear with me one second.
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Speaker 3: Here it is as of yesterday or as of Friday,
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Speaker 3: there was one hundred and thirty five million ounces of
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Speaker 3: open interest and only seventy seven million ounces of silver
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Speaker 3: available for sale. Thursday is the dead What could possibly
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Speaker 3: go wrong? You know, so they continue to knock down
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Speaker 3: open interest leading into that last delivery day or the
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Speaker 3: first delivery day. Notice, these are things that are continuing,
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Speaker 3: I think, to erode the trust in the comex market.
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Speaker 3: And this whole system is about erosion of trust, and
8:18
Speaker 3: you're beginning to see that in real time with all
8:21
Speaker 3: of these deliveries. Two weeks ago Friday, we saw two
8:24
Speaker 3: million ounces leave the eligible category. Those aren't even the
8:29
Speaker 3: ounces of silver backing the contracts. Those are just someone
8:32
Speaker 3: sitting in a private account. Now that could be Sampsummony
8:35
Speaker 3: or Tesla whatever. But metal is leaving, and it's not
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Speaker 3: just tied to the registered category. We're se could be
8:41
Speaker 3: eligible too, and this is why, you know, you see
8:44
Speaker 3: with three days left, one hundred and thirty five million
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Speaker 3: ounces that could potentially stand for delivery. And you know,
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Speaker 3: we're getting very laid in the cycle, only seventy seven
8:52
Speaker 3: million ounces there. So even if a third of that
8:55
Speaker 3: stood for delivery, you know, if a thir word of
8:58
Speaker 3: that stood for delivery, are talking what forty five million ounces?
9:02
Speaker 3: You've just kneecapt over half of what's there. So it's
9:05
Speaker 3: an interesting, interesting time for sure.
9:09
Speaker 2: Yeah, how is that gonna work?
9:10
Speaker 3: Man?
9:11
Speaker 2: Like I don't get it? Like, where is the silver
9:13
Speaker 2: coming from?
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Speaker 3: Well, that's just it. Where is it coming from? And
9:18
Speaker 3: that is part of the problem. Normally, what happens is
9:21
Speaker 3: right as we get to Thursday, you'll see open interests
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Speaker 3: fall off. Now, sometimes they will incentivize those holding dams contracts,
9:28
Speaker 3: pay them off. We'll give you x amount extra on
9:30
Speaker 3: every single contract or whatever it may be. But I
9:36
Speaker 3: think you continue to see this month over month. At
9:39
Speaker 3: the same time, we've seen four glitches on come Xan's
9:41
Speaker 3: Thanksgiving two to the up, to to the down on
9:43
Speaker 3: the down, the circuit breakers broke on the up. The
9:46
Speaker 3: server's overheated one day on Thanksgiving evening, like everyone's trading
9:50
Speaker 3: at eleven o'clock at night on Thanksgiving enough to overheat
9:53
Speaker 3: the service with triple redundancy. The whole thing is a
9:56
Speaker 3: bunch of nonsense. It's like Jeffrey Epstein who when he
10:00
Speaker 3: supposedly bad the night before, his cellmate was transferred out
10:03
Speaker 3: and the camera stopped working that day and the guards
10:05
Speaker 3: fell asleep. So these are the things they're lying right
10:07
Speaker 3: in your face, you know, and you're just supposed to say, oh,
10:10
Speaker 3: I guess that's the way it goes.
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Speaker 2: Oh God, like, yeah, it's kind of ridiculous, you know.
10:17
Speaker 3: It is. It is no question about it of the
10:22
Speaker 3: things that you have to just I think understand. And
10:25
Speaker 3: if I were if I had a whole bunch of
10:31
Speaker 3: metal in the Comax as a as a business or
10:34
Speaker 3: corporation where I needed it, I'd pull it out too.
10:37
Speaker 3: I wouldn't leave it there, you know, I'd find a
10:39
Speaker 3: way to secure myself. Leaving it in the comets right now,
10:43
Speaker 3: I think is as silly as a mud wall.
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Speaker 2: Yeah yeah, well, hey, I think we're definitely living in
10:51
Speaker 2: interesting times. And what about all the war is going
10:54
Speaker 2: on right now. Like I don't know if you ever
10:57
Speaker 2: had the pleasure of visiting Cuba, but it was a
11:00
Speaker 2: mess when I was there ten years ago and now
11:03
Speaker 2: it's a huger mess. I mean the Panama Canal. Basically,
11:07
Speaker 2: the Chinese were kicked out Venezuela. It seems like there's
11:13
Speaker 2: a movement around the continents for each power to kind
11:19
Speaker 2: of seal up its sphere of influence and kick the
11:23
Speaker 2: others out.
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Speaker 3: Am I getting that right? Yeah, it seems very obvious. Venezuela, Cuba, Greenland, Canada.
11:33
Speaker 3: It's the North American.
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Speaker 2: Union, the North American Federation or union. It would be
11:42
Speaker 2: nice if.
11:42
Speaker 3: Things were handled in a different manner. But I understand
11:45
Speaker 3: the logic of it. I mean, he certainly has a
11:50
Speaker 3: lot of courage one way or the other to stand
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Speaker 3: up and do these things that you could argue in
11:58
Speaker 3: the end would benefit the United States. But certainly I
12:00
Speaker 3: don't know that it benefits our image globally. And these
12:05
Speaker 3: are the reasons we're seeing, you know, the bricks and
12:10
Speaker 3: the bricks have been very quiet, of course over the
12:12
Speaker 3: last couple of years because of the Trump administration, but
12:17
Speaker 3: they're still certainly building infrastructures with their payment systems, with
12:21
Speaker 3: SIPs across the bank payment system or the Mbridge, both
12:25
Speaker 3: of which are operational. There's still forty plus or fifty
12:28
Speaker 3: plus countries that have applied to the eleven countries that
12:32
Speaker 3: already are full bricks members. They're not going away, and
12:36
Speaker 3: the decisions that we're making around the globe only reinforced
12:40
Speaker 3: the reasons that they came together. You know, the military
12:45
Speaker 3: conflict that we're seeing in Iran is certainly not without consequence.
12:51
Speaker 3: We haven't really felt it yet, but Golden and Sechs
12:54
Speaker 3: just came out the other day and said that they
12:56
Speaker 3: estimate that it will cost job creation or pay growth
13:00
Speaker 3: as they call it, by over ten thousand jobs per
13:03
Speaker 3: month through the end of the year, and mostly in
13:07
Speaker 3: things like restaurants, hotels, retail stores, et cetera. It's just beginning, certainly,
13:14
Speaker 3: and you know, it takes a lot of time to
13:18
Speaker 3: even if the war were to end today or the
13:20
Speaker 3: impass and the straightward end today, it takes a lot
13:22
Speaker 3: of time to get these refineries and this production and
13:27
Speaker 3: distribution of oil and of the nitrits that are used
13:31
Speaker 3: in fertilizers that are needed all around the world, which
13:33
Speaker 3: could lead to starvation. And you know, you can't you
13:38
Speaker 3: get a growing season, and if you miss the growing season,
13:40
Speaker 3: you're screwed. Well, this is the growing season right now,
13:42
Speaker 3: and over twenty percent of the world's nitrites which turn
13:46
Speaker 3: into fertilizers come out of that region, out of the Straits.
13:51
Speaker 3: And so you got guys like James Rickards calling for
13:53
Speaker 3: global famine. You got famine. You got oil problems, which
13:57
Speaker 3: means leads to production and that reduction problems. Production problems
14:02
Speaker 3: lead into job problems and a slowing economy. And you know,
14:07
Speaker 3: one of the things that I find most annoying about
14:13
Speaker 3: the mainstream media and their coverage, at least as it
14:15
Speaker 3: pertains to gold silvers, that they try and tell us
14:18
Speaker 3: this narrative that well, you know, when oil is involved,
14:22
Speaker 3: it leads to a higher CPI, which leads to higher inflation. Okay,
14:26
Speaker 3: I get that. That all makes sense, which leads to
14:30
Speaker 3: the fact that the Fed will remain hawkish and won't
14:34
Speaker 3: lower rates. So that's bad for gold. So you know,
14:36
Speaker 3: gold sells off. But you know it's convenient to say
14:40
Speaker 3: that and ignore the fact that you know, twenty nineteen,
14:44
Speaker 3: with the federal funds right ad are around zero, gold
14:46
Speaker 3: was eighteen hundred bucks. And we watched in one year
14:51
Speaker 3: that the greatest increase in interest rates four hundred and
14:55
Speaker 3: fifty basis points in history, and yet gold continue to
14:57
Speaker 3: march higher in the face of rising interest rates. Well,
15:00
Speaker 3: set that aside for a moment. The theory is that
15:03
Speaker 3: these people will want to buy treasuries instead of gold. Now,
15:08
Speaker 3: my thought on that is, who in God's green earth
15:10
Speaker 3: would want to own ten year treasuries by a country
15:14
Speaker 3: that is fiscally as irresponsible as a third grader in
15:18
Speaker 3: a candy store with his or her mother's checkbook or
15:22
Speaker 3: a wallet. And at the same time, you know, is
15:26
Speaker 3: there really that kind of demand for you as treasures
15:28
Speaker 3: or is it just, as my dear departed friend Jim
15:31
Speaker 3: Sinclaire used to say, mope, management of perception and counts.
15:35
Speaker 3: So if that were true, then why the hell are
15:37
Speaker 3: we seeing all of these deliveries through all of this
15:40
Speaker 3: supposed hawkish rhetoric. It's just nonsense, is what it is,
15:45
Speaker 3: to be honest with you. So the war is definitely
15:47
Speaker 3: going to have some profound effects, many of which we
15:49
Speaker 3: haven't even begun to understand yet. Even if things ended today.
15:53
Speaker 3: Part of the reason we haven't seen that shock around
15:57
Speaker 3: the globe is that there were a whole bunch of
15:59
Speaker 3: tankers floating around on the oceans right when this happened,
16:03
Speaker 3: and those have already been offloaded and that's done. But
16:06
Speaker 3: that bridged the gap for a little bit, now what so, Yeah,
16:09
Speaker 3: there'll be some consequences. Not just in Iran, of course
16:13
Speaker 3: you mentioned the skirmish is all around the globe, and
16:16
Speaker 3: issues in Cuba, issues in Venezuela, issues, and of course
16:19
Speaker 3: still Russia and Ukraine and many many other places. And
16:24
Speaker 3: these are challenging times that I think ultimately have given
16:29
Speaker 3: a bump to the dollar because there's a rush to
16:32
Speaker 3: the dollar because they need to do that to buy oil.
16:34
Speaker 3: As oil goes higher, it's very difficult for these countries.
16:38
Speaker 3: Not only has a dollar gone higher as there's a
16:40
Speaker 3: rush to it, but so too as oil. But the
16:43
Speaker 3: one thing that's different this time carrier than any war
16:45
Speaker 3: that I've been doing this for thirty six years. I
16:47
Speaker 3: remember the original Gulf War. Anytime there's a war that
16:50
Speaker 3: surrounds oil in the United States, what happens. First thing
16:53
Speaker 3: that happens. Everything sells off, including Goldie throughout the baby
16:56
Speaker 3: with or bathwater. Now, I don't know if that's mope,
16:58
Speaker 3: management of perception, or it is rushed to liquidity. Maybe
17:01
Speaker 3: let's say it is all right, we'll take the mainstream
17:04
Speaker 3: analysts viewpoint, rush to liquidity. Everything gets sold off. So
17:08
Speaker 3: that rush to liquidity means you're selling assets which fall
17:11
Speaker 3: buying dollars. A dollar gets a bump, oil goes up
17:14
Speaker 3: because of the destruction or that the disruption. But what
17:18
Speaker 3: is the other thing that always happens. We see treasury
17:21
Speaker 3: yields go down and treasury values go up. Why because
17:25
Speaker 3: everyone is buying that safe haven asset. What happened this time?
17:29
Speaker 3: That's right, Treasury yields did not go down. They went
17:34
Speaker 3: up as as treasury bonds went down. In other words,
17:38
Speaker 3: you know, you can say, well, they were selling treasury
17:40
Speaker 3: bonds to get dollars. I say, bs, that's not the case.
17:44
Speaker 3: It's that the treasury market itself is losing trust and demand.
17:49
Speaker 3: And so there are things like gold which have double
17:51
Speaker 3: performance of the tenure treasury for twenty five years, or
17:54
Speaker 3: look at the last two years ten next it four
17:56
Speaker 3: and a half percent versus forty or forty five percent
17:59
Speaker 3: for two years in a row. And so and that's
18:02
Speaker 3: being generous. Last year, it's probably more like twelve or
18:04
Speaker 3: fifteen x. But whatever the point is is that no
18:07
Speaker 3: counterparty risk and that has become in this administration, at
18:13
Speaker 3: least for sure in the last I think a liability
18:16
Speaker 3: for the countries who once wanted to hold our treasuries
18:19
Speaker 3: in times of turmoil, not so much right now. So
18:23
Speaker 3: you know, all of these things. It's difficult to look
18:26
Speaker 3: at all of these things and see how they they're connected,
18:29
Speaker 3: but I find it to be very symbiotic. The bottom
18:33
Speaker 3: line is it all boils down to lack of trust
18:35
Speaker 3: in our treasuries, in our political process or geopolitical process,
18:39
Speaker 3: even our institutions, even you know, our legal administration. Everything
18:45
Speaker 3: is questioned around the globe right now, and that's not
18:48
Speaker 3: good for a treasury market. And that's not good as
18:52
Speaker 3: you get to a point where the Fed has no
18:55
Speaker 3: choice but to raise rates. They came out and said,
18:58
Speaker 3: or to use me to not lower rates, if anything.
19:03
Speaker 3: But they came out and said something very interesting, they
19:07
Speaker 3: being a I don't know who it was that was
19:10
Speaker 3: analyzing this, but they came out and said that let
19:16
Speaker 3: me read it real quick here I think I have
19:20
Speaker 3: it here. It is that the Committee for Responsible Federal
19:25
Speaker 3: Budget estimates that just a one percent rise in interest
19:28
Speaker 3: rates from four point three percent to five point three
19:31
Speaker 3: percent on average on the ten year would add about
19:34
Speaker 3: three point five trillion to the US debt over the decade. Well,
19:37
Speaker 3: what happens to frates rise even more? In that These
19:39
Speaker 3: are all things that are all connected and all very
19:43
Speaker 3: important to think about as you're trying to decide how
19:46
Speaker 3: this is going to play out and what investments you
19:48
Speaker 3: want to own, you know, And I don't think we've
19:52
Speaker 3: even begun to see how this all plays out. I
19:54
Speaker 3: think inflation is only going to get worse leading into
19:56
Speaker 3: the end of this year. And with that, see what
20:00
Speaker 3: happens with interest rates? My guess is they had no
20:03
Speaker 3: where to go but higher. Yeah, well that was interesting.
20:07
Speaker 2: I wrote an article when all this happened saying that
20:11
Speaker 2: the big surprise was going to be higher interest rates
20:14
Speaker 2: because everybody's expecting lower interest rates, and I'll have to
20:20
Speaker 2: go back to it. I also wrote not Tooting my
20:22
Speaker 2: Own Horn, basically called the exact sequence of events from
20:27
Speaker 2: Panama to Venezuela, to Cuba to Iran to even the
20:35
Speaker 2: decrease of the fentanyl coming into the country. Maybe they
20:39
Speaker 2: have something else.
20:40
Speaker 3: I don't know. Your writing has been prolific, man, You're
20:43
Speaker 3: writing a lot, and I give you credit for that.
20:46
Speaker 3: It's not an easy thing to do. In fact, I
20:48
Speaker 3: find it much easier to stand in front of get
20:51
Speaker 3: in front of a camera like they to stand in
20:53
Speaker 3: front of a crowd, than sit in front.
20:54
Speaker 2: Of a keyboard and type yeah yeah, well, you know,
20:58
Speaker 2: like basically, the pattern is there.
21:01
Speaker 3: The pattern is there.
21:03
Speaker 2: The question is you know when it's all going to
21:07
Speaker 2: come to fruition. But I think the elimination of cash
21:12
Speaker 2: a digital currency, it's all that happened, you know. I
21:17
Speaker 2: liken it to this, and we watch things on the
21:19
Speaker 2: news stories. It to me is like watching a telescope
21:26
Speaker 2: and you're looking at a star. It blew up twenty
21:29
Speaker 2: years ago, but you're still seeing the light coming out
21:33
Speaker 2: of it, and it looks like the star is fine,
21:37
Speaker 2: until one day the light is gone and then you
21:40
Speaker 2: have a black hole. That's what our news media is.
21:44
Speaker 2: They write the stories after long after what they're writing
21:48
Speaker 2: about has occurred. I think they call it latency, you know.
21:53
Speaker 2: So that's why you can never really believe anything you're
21:58
Speaker 2: reading in the news that you haven't seen with your
22:00
Speaker 2: own eyes, and even then you have to question it.
22:03
Speaker 2: So instead, if you follow the pattern, then you know
22:08
Speaker 2: what the news is going to be before they've even
22:10
Speaker 2: written it, you know, before the narrative has been cast.
22:14
Speaker 2: So that's I find really fascinating. Anyway, there's like a
22:18
Speaker 2: believe it or not, there's like forty people on with
22:21
Speaker 2: us now, even though I screwed up the livestream. Apologies
22:24
Speaker 2: to all you out there, but our good friend Richard's
22:29
Speaker 2: here and he's saying, isn't this whole thing the US
22:34
Speaker 2: dollar against bricks? I ran as a key player. I mean,
22:38
Speaker 2: I think that's a factor in it, but I don't
22:40
Speaker 2: think that's the entire thing. I mean, look, we've been
22:43
Speaker 2: at war with Iran for forty seven years. Whatever we
22:47
Speaker 2: did in the past to them, the Shah, the coups
22:50
Speaker 2: and all that, you know, it's we've been at war.
22:55
Speaker 2: And Trump's the first one to really acknowledge the fact
22:59
Speaker 2: that we have been. Yeah, you know, I don't know
23:03
Speaker 2: if it's a pushback against the bricks. That's an easy
23:05
Speaker 2: one to say. A lot of people think it.
23:07
Speaker 3: Kind of is, and maybe it is to a degree,
23:11
Speaker 3: but I don't think it does anything but strengthen the
23:15
Speaker 3: bricks argument. You know, right now they're working and they've
23:19
Speaker 3: already done it, but refining the North North South. I
23:23
Speaker 3: think it's called the North South Corridor. It's a it's
23:26
Speaker 3: a way for them to usurp the Straits and and
23:29
Speaker 3: you go from in essence, run all the way through
23:33
Speaker 3: India and and and Russia all the way all the
23:36
Speaker 3: way through. It's mostly on land and some by sea,
23:41
Speaker 3: but land locked, not patrollable by the US Navy. There
23:45
Speaker 3: are other routes to doing it. But really what it shows,
23:49
Speaker 3: I think, is the reasons to not be reliant upon
23:54
Speaker 3: a unipolar power and like we have here and instead
23:58
Speaker 3: it's it's moving to a situation where these countries realize,
24:03
Speaker 3: for their own self interest, it would be better to
24:05
Speaker 3: be aligned with other countries who have this multipolar view.
24:10
Speaker 3: It's not going to be something easy, as obviously that
24:14
Speaker 3: is the case, but the rails are already being matured.
24:19
Speaker 3: You look at the SIPs system. The Chinese have already
24:23
Speaker 3: signed up the Asian continent, the Asian countries A Sea
24:27
Speaker 3: N is their acronym. There's eight hundred million people in
24:29
Speaker 3: these countries in Southeast Asia that represent China's largest trading
24:33
Speaker 3: partner by a large margin, and they are now using
24:39
Speaker 3: the SIPs network to trade back and forth with China
24:42
Speaker 3: using their own local currencies and settling in balance in gold.
24:46
Speaker 3: China has made it a priority to make their digital
24:49
Speaker 3: you want convertible into gold immediately without going in the dollars.
24:53
Speaker 3: Has to happen through the Shanghai network. But they just
24:56
Speaker 3: built the first expansion of that in Hong Kong. Why
24:59
Speaker 3: is that important because when gold leaves China has to
25:02
Speaker 3: go through Hong Kong. So Shanghai says, we'll take your
25:06
Speaker 3: digital yuan back immediately and you can get gold out
25:09
Speaker 3: of the Hong Kong vault and take possession. Their intention
25:12
Speaker 3: is to expand those from the Belt Road. The second
25:14
Speaker 3: one is under construction in Saudi Arabia right now, which
25:16
Speaker 3: is relevant on many levels, including Saudi Arabia as one
25:20
Speaker 3: of the five participants in Mbridge, which is also operational.
25:23
Speaker 3: They will be able to sell their oil for yuan
25:27
Speaker 3: and immediately converted into gold in the Shanghai's ecosystem, whether
25:32
Speaker 3: it be taking possession out of Hong Kong or soon
25:35
Speaker 3: to be in Saudi Arabia and will they will be
25:39
Speaker 3: built throughout the entire Belt Road. These vaults multi jurisdictional,
25:45
Speaker 3: so the idea is to trade local currencies benefit your
25:48
Speaker 3: own monetary ecosystem instead of the US is settle in
25:52
Speaker 3: balances in gold. It's happening, It's happening very slowly. But
25:56
Speaker 3: these types of actions that we are seeing only reinforces
25:59
Speaker 3: that desire of these countries to do this. So yeah,
26:04
Speaker 3: I mean, I think there's a little bit of truth
26:06
Speaker 3: in what Richard is saying. And Richard's a good man.
26:09
Speaker 3: Hung out with Richard not too long ago. He and
26:11
Speaker 3: I had dinner, he and he and I and his wife,
26:14
Speaker 3: and then we went to a Patrick Bette David event
26:16
Speaker 3: and tood me and Richard. You know, I like you
26:18
Speaker 3: a lot. Wish I had more time to hang same
26:21
Speaker 3: thing with you, Carrie. These are busy times for both
26:23
Speaker 3: of us.
26:23
Speaker 2: But had.
26:26
Speaker 3: Hey, so.
26:29
Speaker 2: Here Tom, I haven't seen Tom here before, by the way, Tom, Peter,
26:36
Speaker 2: just a few of the people on David and and
26:39
Speaker 2: a lot of you out there. I think I don't
26:41
Speaker 2: even know what we're up to here. We got a
26:43
Speaker 2: couple of different streams going. Unfortunately or fortunately he said,
26:48
Speaker 2: Putin invades Ukraine, Trump invades Iran, z invades Taiwan. Misdirection.
26:57
Speaker 2: You know, I don't personally believe that the China's going
27:01
Speaker 2: to invade Taiwan. I think that is a headfake. Uh,
27:07
Speaker 2: that's not really what they're after. Maybe the long run.
27:12
Speaker 2: But you know, when when countries actually openly express their
27:19
Speaker 2: goals powers, you have to look beyond that because it's
27:24
Speaker 2: it's not ever what it really seems to be. You know,
27:29
Speaker 2: like the US going after Venezuela was not necessarily about Maduro.
27:36
Speaker 2: It was about Cuba and China, right, So, I don't
27:41
Speaker 2: know what your thought. Do you think this is a
27:43
Speaker 2: deal between three powers to basically slice up the globe?
27:49
Speaker 3: I know a lot of people believe that. I mean,
27:51
Speaker 3: if you look at it pragmatically, you could say right
27:55
Speaker 3: now that Russia and the US are the only two
27:57
Speaker 3: that have benefited oil wise as the you know, the
27:59
Speaker 3: Straits have pretty much been locked up and Russia's had
28:02
Speaker 3: no problem selling the oil, and either have we, which
28:07
Speaker 3: is kind of interesting if you think about it. As
28:11
Speaker 3: far as as China is concerned, I don't think that
28:14
Speaker 3: he would it would it would go over very well
28:18
Speaker 3: to see she go after Taiwan. And but you know,
28:22
Speaker 3: there are a lot of people who do believe based
28:25
Speaker 3: upon his first administration where he went around and met
28:30
Speaker 3: with She and Putin and got that that very special
28:35
Speaker 3: military It's not really military. It was like a special
28:39
Speaker 3: dignitary welcoming in Saudi Arabia. And I don't know. I
28:44
Speaker 3: think misdirection is everywhere. I think it's it's more pervasive
28:48
Speaker 3: than people think it's. You know, it's it's everywhere. I mean,
28:52
Speaker 3: the book The Art of War is taught in in
28:54
Speaker 3: every major business school on corporate hierarchy, and and in
28:59
Speaker 3: law schools formulating arguments. It's mandatory reading at West Point
29:03
Speaker 3: and CIA. And so if you told me that there
29:06
Speaker 3: was some misdirection going on here, sure, if you told
29:09
Speaker 3: me that Trump was a lot closer with Chi and
29:13
Speaker 3: Putin than the media would think, I'd believe that too. Now,
29:16
Speaker 3: is there something secret going on? I don't know. The
29:19
Speaker 3: only thing that I would not really scoff at would
29:25
Speaker 3: be if they were all in cahoots to go after
29:28
Speaker 3: the old European aristocrat money. That's where a lot of
29:33
Speaker 3: people think most of these problems originate. Tom Luongo has
29:37
Speaker 3: an amazingly interesting take on this, regarding the old money
29:42
Speaker 3: and the Bank of England, and they're the ones behind
29:47
Speaker 3: most of these problems, including, in his opinion, the election
29:50
Speaker 3: interference in twenty sixteen and the color revolution that we
29:54
Speaker 3: experienced after that. So again that's his viewpoint. But you know,
30:01
Speaker 3: I don't think we can really at this late stage
30:04
Speaker 3: and seeing what's going on, discount anything. I think the
30:08
Speaker 3: difference between someone who is smart and someone who is intelligent.
30:11
Speaker 3: The intelligent person can be very well read and read
30:13
Speaker 3: all sorts of shit, but learns more and more about
30:15
Speaker 3: less and less till their experts are nothing. Now. A
30:18
Speaker 3: smart person doesn't need to be as educated, but can
30:20
Speaker 3: be wise enough to learn and to have an open
30:25
Speaker 3: mind and to listen to other viewpoints and have a
30:29
Speaker 3: much broader viewpoint on things, which in and of itself
30:32
Speaker 3: can make them quite smart with not the formal education.
30:37
Speaker 3: And I think these are the things that you have
30:40
Speaker 3: to listen to see the angles and then try and
30:43
Speaker 3: put it all together. But to focus singularly on your
30:45
Speaker 3: viewpoint without listening to other other thoughts, you'll never grow
30:50
Speaker 3: and you'll never really probably find the truth. So I've
30:53
Speaker 3: heard that to a degree. Would it surprised me? No,
30:56
Speaker 3: maybe not to the degree that he just mentioned. Yes,
31:00
Speaker 3: I wouldn't be surprised if there was some coordination going
31:03
Speaker 3: on between the three leaders. I wouldn't.
31:05
Speaker 2: Yeah, me neither me no either. So so we're kind
31:10
Speaker 2: of in a holding pattern right now till something really breaks, right,
31:15
Speaker 2: you know. I mean Martin Armstrong said it best. He said,
31:19
Speaker 2: twenty twenty six is a panic year. He said that,
31:24
Speaker 2: like when I was at his conference in November in
31:28
Speaker 2: twenty five, you know, right around Thanksgiving, he said it,
31:32
Speaker 2: and you know, everything looked fine. You know, yeah, the
31:36
Speaker 2: war Ukraine Russian war was going on, but basically everything
31:41
Speaker 2: was kind of normalized. And here we are, you know,
31:45
Speaker 2: six months later, and he totally nailed it. So the cycles,
31:50
Speaker 2: the cycles are always present, and they're always they're always moving,
31:55
Speaker 2: and I think we're in the midst of a couple
31:58
Speaker 2: of super cycles that are going to determine the outcome
32:02
Speaker 2: here over the next five years. I would say six years,
32:07
Speaker 2: he says, twenty thirty two.
32:09
Speaker 3: So well, he's he's a very interesting guy with a
32:13
Speaker 3: very substantial track record. So far from me to discount
32:18
Speaker 3: anything he is saying. But yeah, you know, ultimately he
32:25
Speaker 3: ultimately he sees this blowing off, and what happens when
32:29
Speaker 3: it plows off? Gold and silver go to the moon
32:31
Speaker 3: as the markets reset. What is he seeing.
32:34
Speaker 2: Yeah, well even for June. He's thinking that once the
32:39
Speaker 2: panic cycle kind of subsides going into June, that's when
32:44
Speaker 2: the metals start going again. And he was talking ten
32:46
Speaker 2: thousand dollars gold and hundred and eighty dollars silver over
32:51
Speaker 2: the next couple of years, and it could go way
32:54
Speaker 2: higher than that. You know, nobody knows the exact extent
32:58
Speaker 2: of these moves, but yeah, his record track record. You know,
33:03
Speaker 2: I traced back my shadow banning on the big platforms
33:09
Speaker 2: started when I started interviewing Martin, believe it or not,
33:12
Speaker 2: fifteen years ago. I've tracked it all down. Hey, I
33:16
Speaker 2: don't know if you saw. I've got a little war
33:18
Speaker 2: going on with some of our cities here in Florida,
33:25
Speaker 2: and I encourage everybody to go out and buy and
33:27
Speaker 2: support my war in court right now, US District Court
33:32
Speaker 2: for the Southern District of Florida. You won't believe who
33:35
Speaker 2: the case just got transferred to because of my defendant's motion.
33:41
Speaker 2: Just take a guess. The most famous judge in the
33:44
Speaker 2: country who is not on the Supreme Court. I have
33:49
Speaker 2: no idea Judge Eileen Cannon, And why did she take
33:55
Speaker 2: your case? Well, it's a procedural thing, but basically we
33:59
Speaker 2: had a commends. I think the defendants weren't thrilled with
34:03
Speaker 2: the way the conference went, so they made a motion
34:06
Speaker 2: to transfer the case to a full Article three judge
34:10
Speaker 2: rather than a magistrate, who has all the powers of
34:13
Speaker 2: a judge. But any of the parties can opt for
34:17
Speaker 2: an Article three judge. I don't think they were counting
34:20
Speaker 2: on getting Judge Cannon necessarily, not that you know she's
34:24
Speaker 2: in any way predisposed to my case, but one of
34:29
Speaker 2: my exhibits in my complaint, because I'm basically suing all
34:34
Speaker 2: these municipalities because they're not using proper signage. Signage is mandated,
34:40
Speaker 2: and I will show you the pup they have to
34:42
Speaker 2: do with parking, right, yeah, parking all signs on every
34:48
Speaker 2: every highway. And you see how thick it is, only
34:51
Speaker 2: twelve hundred pages. Is governed by the MUTCD and signs
34:58
Speaker 2: parking signs included are considered to be traffic control devices.
35:02
Speaker 2: The MUTCD is the manual on Uniform Traffic Control Devices. Well,
35:08
Speaker 2: Florida just and most of the cities in the country
35:11
Speaker 2: said that's all fine and good, except for parking. We'll
35:14
Speaker 2: just do whatever we want. But they don't have that
35:17
Speaker 2: option to do it. And if you remember, in Florida,
35:20
Speaker 2: they were busy sand blasting intersections getting rid of pride art.
35:26
Speaker 2: Their rationale was that the intersection is a traffic control device,
35:32
Speaker 2: and by putting in the rainbow intersections, they became non
35:37
Speaker 2: conforming traffic control devices. Therefore they caused confusion, they're a
35:43
Speaker 2: hazard to safety, and they must be immediately removed. Well,
35:47
Speaker 2: what's the difference between a rainbow crosswalk and a non
35:50
Speaker 2: conforming parking sign? None? So basically Florida is in a
35:57
Speaker 2: little bit of a bind here. Anybody's interested, you could
36:01
Speaker 2: just shoot.
36:02
Speaker 3: What are you trying to get out of the what's
36:04
Speaker 3: the result of the case.
36:07
Speaker 2: I want them to follow the law. I want those
36:09
Speaker 2: parking schemes where they're ripping us off with the apps
36:13
Speaker 2: to end, where we have to pay for inflated parking
36:18
Speaker 2: and then pay a convenience fee that's probably an illegal tax.
36:22
Speaker 2: In this town of Palm Beach. You can't park on
36:27
Speaker 2: the street without the app, without using an app to pay.
36:32
Speaker 2: Why should I be forced into a digital contract with
36:34
Speaker 2: a third party and then have to pay that third
36:37
Speaker 2: party for the privilege of parking on a public street,
36:41
Speaker 2: you know, and then they harvest your data, right, just
36:45
Speaker 2: like we were talking about the surveillance state, So why
36:48
Speaker 2: allow them to harvest my data? And for minors, it's
36:52
Speaker 2: even worse. We have hundreds of thousands of underage drivers
36:57
Speaker 2: sixteen fifteen, sixteen seventeen yearsyears old. They have to use
37:02
Speaker 2: the app to park or put it this way, eighty
37:05
Speaker 2: five percent they've pressured everybody to use the app. They
37:08
Speaker 2: don't want to collect money from a meter or from
37:11
Speaker 2: a paystation. So as a result, the minor data is
37:15
Speaker 2: getting harvested. That's a total no.
37:17
Speaker 3: No.
37:18
Speaker 2: Miners sixteen seventeen years old don't have the capacity to
37:23
Speaker 2: waive their privacy rights arbitration and sent to arbitration. And
37:29
Speaker 2: so there's a lot of issues with the current system.
37:33
Speaker 2: And I want to see them anonymize those apps. Let
37:36
Speaker 2: the municipalities pay the fee for them because they exist
37:40
Speaker 2: for them, and follow the law. You know, it's not unreasonable.
37:46
Speaker 3: Oh good for you. It would be nice if everything
37:50
Speaker 3: was according to things like the Constitution, according to the law.
37:55
Speaker 3: We've deviated so far from not only our you know,
38:00
Speaker 3: our roots and the laws that were documented in things
38:05
Speaker 3: like the Constitution, but also just from our culture has
38:10
Speaker 3: has DVAD so much, and I give you credit for that.
38:14
Speaker 3: I do. I think it's it's admirable and good luck.
38:16
Speaker 3: And I'm going to check that out and help support
38:20
Speaker 3: the cause. Brother, I think you're doing something very nice.
38:23
Speaker 3: I live I you know, I bargain those meters. I
38:25
Speaker 3: know exactly what you're talking about.
38:26
Speaker 2: Well, you know, like in Riviera Beach, they won't give
38:30
Speaker 2: me a ticket anymore because they know who I am.
38:35
Speaker 2: And and in Delray, I've I've stopped paying for parking
38:38
Speaker 2: there because if they give me a ticket, I'm going
38:41
Speaker 2: to contest it. And I got a ticket people in
38:44
Speaker 2: front End in a beach, they were having a revolution
38:47
Speaker 2: over parking, so I went up to visit them, speak
38:53
Speaker 2: to the city council. Got a ticket there, which I'm
38:56
Speaker 2: contesting because basically, Florida law says two things. Florida Statute
39:03
Speaker 2: three sixty six point zero seven seven says any non
39:07
Speaker 2: conforming traffic control device that's trying to be a traffic
39:13
Speaker 2: control device is a nuisance and subject to immediate removal.
39:18
Speaker 2: And then the other thing, it's three sixty six point
39:22
Speaker 2: zero seven four or five three or four. It says
39:27
Speaker 2: that no enforcement can be had if an official sign
39:32
Speaker 2: is not posted properly means it has to be seven
39:36
Speaker 2: feet off the ground and uh and legible. So these
39:43
Speaker 2: signs that they're putting up are not official signs. There
39:47
Speaker 2: want to be traffic control devices. So they're writing tickets
39:51
Speaker 2: on signs that they can't write tickets on, but that
39:54
Speaker 2: doesn't stop them, So it's a municipal grift. I've also
39:58
Speaker 2: got a regular regulatory battle going with them because Florida
40:02
Speaker 2: has some of the most liberal administrative rules. So if
40:07
Speaker 2: you're an interested party, you can file a petition with
40:12
Speaker 2: Florida Department of Transportation or any other applicable department to
40:17
Speaker 2: have a rule making proceeding go put into effect, which
40:22
Speaker 2: I've also done. I have about twelve rule making petitions
40:26
Speaker 2: scattered through different departments. You know another thing that pisses
40:30
Speaker 2: me off When you call a utility and you can't
40:34
Speaker 2: talk to a human being. You're in AI hell, You're
40:37
Speaker 2: in a bot loop and you can't get out. So
40:40
Speaker 2: I file the petition with the Public Service Commission saying
40:45
Speaker 2: if you requit, if you hit zero, say human or
40:49
Speaker 2: representative when you're on the phone with the AI, it
40:52
Speaker 2: has to transfer you to a human being immediately and
40:56
Speaker 2: tell you how long the queue is. And this it'll
41:00
Speaker 2: get passed, you know, because people are like fed up
41:03
Speaker 2: with it. But I'll tell you what. The utilities in
41:05
Speaker 2: the state are going to be up in arms over it.
41:07
Speaker 2: So you can do all these things. Whether they pass
41:10
Speaker 2: or not, it doesn't matter because they have thirty days
41:13
Speaker 2: to initiate the rulemaking proceeding or give you a detailed
41:17
Speaker 2: explanation why they're not doing it. So when it comes
41:23
Speaker 2: to the parking signs that FDOT Department of Transportation is
41:26
Speaker 2: known for a decade, they're not following them. But they
41:30
Speaker 2: just didn't care until now. Now they care.
41:33
Speaker 3: I see you care too. Yeah.
41:35
Speaker 2: Well, it's like if we can get them on a
41:38
Speaker 2: little grift, then maybe we can get them on the
41:40
Speaker 2: bigger grifts too, until we get to the biggest grift,
41:44
Speaker 2: which is the money system.
41:46
Speaker 3: Right, well, it's all connected. It all is connected one
41:51
Speaker 3: way or the other. Little by little we see changes happening,
41:54
Speaker 3: and congratulations forward betting the one that is content the beast.
42:02
Speaker 3: I mean on this on this level, I'm trying to
42:04
Speaker 3: do my best on the on the fiscal irresponsibility in
42:08
Speaker 3: the monetary side of things, as you have for a
42:10
Speaker 3: very long time too.
42:11
Speaker 2: And gotchay, I give you getdit hey, Well, well we'll
42:16
Speaker 2: see what happens. I mean, it's a fool's errand but
42:20
Speaker 2: I got the time to do it. The iron of
42:23
Speaker 2: the ironic part is that I've got about twenty lawyers
42:29
Speaker 2: opposing me for the cities, the parking apps. And you
42:35
Speaker 2: know they've got like the highest power at Florida law
42:38
Speaker 2: firms on this case. So that shows it's not a
42:42
Speaker 2: crank case. That tells you everything you need to know,
42:45
Speaker 2: because if it was a crank case, like we handled
42:48
Speaker 2: them lots of times when I practice, you did like
42:51
Speaker 2: a five page motion. After two weeks, they're asking for
42:54
Speaker 2: more time. They need more time. They you know, it's
42:57
Speaker 2: just entertaining to see the contortions they go through. You know,
43:02
Speaker 2: they're going to try to get it tossed. They might
43:04
Speaker 2: be successful, they might not, but if they don't, then
43:07
Speaker 2: they're subject to discovery. They don't want that, So we'll
43:11
Speaker 2: see what happens. Anyway, any any of you out there
43:15
Speaker 2: looking for metals, make sure you go over to Miles
43:18
Speaker 2: Franklin and working with Andy for many, many years, but
43:23
Speaker 2: much metal from him over the years and appreciate you
43:27
Speaker 2: coming on and we will.
43:31
Speaker 3: I look forward to it, man, And let's get together
43:33
Speaker 3: and you, I and Richard will go out and have
43:36
Speaker 3: grab a bite, eat and catch up.
43:38
Speaker 2: Definitely. Hey, and all of you out there, Like if
43:41
Speaker 2: you're in Florida in Boca, don't forget the Spot conference.
43:45
Speaker 2: We're all going to be there. That's kind of our
43:47
Speaker 2: annual Florida SAT.
43:49
Speaker 3: Let's say it right. It's no longer sprout, It's the
43:52
Speaker 3: Rick Rule Investment Media Conference.
43:55
Speaker 4: I brew that You're right, Rulemedia dot Com go there,
44:01
Speaker 4: link and put Miles Franklin. You know, we're gonna we
44:07
Speaker 4: canna have a big powwow with all the people that
44:09
Speaker 4: come from this show. Maybe have a meet and greet
44:10
Speaker 4: and have some cocktails and yeah, those are the kind
44:13
Speaker 4: of things.
44:13
Speaker 3: Do that.
44:14
Speaker 2: Yeah, we'll do a meet up there. That would be
44:16
Speaker 2: really cool. You know, we'll take over one of the
44:20
Speaker 2: bars in the area and just do it.
44:23
Speaker 3: Like, oh, that's easy for me to do. Yeah.
44:27
Speaker 2: All right, man, it's good to see you.
44:29
Speaker 3: Stay well, my man. Yeah, you stay well, buddy. I'm
44:31
Speaker 3: on another another show right now, but I always enjoy
44:35
Speaker 3: all right, I'm together and next time, hopefully it's in person.
44:38
Speaker 2: All right, Richard says he's buying. Must have left fifteen minutes.
44:43
Speaker 2: There will be a replay there to Trader and and
44:48
Speaker 2: Donna Dale, Richard, John David, all of you out there,
44:54
Speaker 2: thanks for coming. Appreciate it. Andy will talk to you.
44:58
Speaker 2: And Wilson's see it.
44:59
Speaker 3: Carrie take it.
45:00
Speaker 1: Thanks for listening to carry Letz's Financial Survival Network, your
45:05
Speaker 1: solution to today's trying times. For the latest, go to
45:09
Speaker 1: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,