Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **BIG Warning!** - Gold & Silver Stackers MUST Hear This - (GOOD NEWS for Precious Metals)

Transcript

**BIG Warning!** - Gold & Silver Stackers MUST Hear This - (GOOD NEWS for Precious Metals) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Major doom ahead. We're headed for some very
• 0:04
  difficult times. But don't you worry, silver and
• 0:07
  gold investors, basement dwellers, everything is going to
• 0:11
  be good for silver and gold. As a matter of fact, that doom
• 0:15
  could turn into a major boom for US silver and gold investors.
• 0:20
  We're going to hear from a couple billionaires.
• 0:22
  We're going to hear from the Swiss expert about what's really
• 0:27
  going on right now in the world of press precious metals.
• 0:30
  But let's start by talking about why Rashad thinks we can see
• 0:34
  $10,000 gold and see it sooner than opposed to later.
• 0:38
  Let's go check on Rashad right now.
• 0:40
  One of our favorite analyst in the world of precious metals and
• 0:44
  Rashad says this. The war in Iran should not have
• 0:47
  resulted in a 23% decline in the gold price.
• 0:52
  The recent military attack on Iran did not fix any of the
• 0:56
  fundamental economic issues and problems in the USA.
• 0:59
  In fact, everything that happened should have benefited
• 1:03
  gold, right? Yeah, we agree.
• 1:05
  But we witnessed a completely opposite unjustified scenario.
• 1:10
  The recent smackdown will go down into history as a small
• 1:14
  blip when we look back in a year or so with the gold price around
• 1:19
  $10,000 per within one year. And at this point, what
• 1:25
  everybody's telling me about why gold went down, why silver went
• 1:31
  down, a lot of it had to do with big money, big banks in the
• 1:35
  Middle East that were facing a liquidity crunch.
• 1:38
  They're not selling any oil. They hold a lot of precious
• 1:42
  metals, in particular gold. And that that flooded the market
• 1:46
  with gold and temporarily put the price down.
• 1:49
  I had long conversations this morning with not one, not 2, but
• 1:54
  three executives from large Canadian gold companies.
• 1:58
  All three of them said the same thing.
• 2:01
  The fundamental reasons why gold and silver did well in 2025 are
• 2:06
  still in place right now. As a matter of fact, those
• 2:10
  reasons that drove silver and gold higher if you have even
• 2:14
  become more accentuated. So we are in good shape, but
• 2:18
  there's big doom. I'm, I don't want to scare you,
• 2:20
  but we are going to talk about some scary situations, reasons
• 2:24
  why we need to be very cautious about what could be coming in
• 2:27
  the Western economies. Possibly, I think more than
• 2:31
  possibly, but you can be the judge for yourself.
• 2:34
  Let's talk about silver. Interesting.
• 2:36
  With the silver beat down to around $70, we're going to run
• 2:39
  out and take a look at the silver price.
• 2:41
  But something very interesting now happening on the retail
• 2:45
  side. Here we are at Kitco looking at
• 2:49
  the spot market. Gold up 70, $5.
• 2:52
  That's good. Silver up about 93 at 7279.
• 2:58
  Let's not forget, right, that one year ago we were sitting
• 3:02
  around less than $35 per oz in this time zone, right?
• 3:06
  We would have been jumping for joy to learn that today we have
• 3:10
  $72 silver. As a matter of fact, three
• 3:13
  months ago right now, the silver price was right around where it
• 3:16
  is right now today. Had you told us three months ago
• 3:21
  that silver would have stayed at $70 three months into the
• 3:24
  future, maybe built a strong base of new holders, I think we
• 3:29
  would have been very happy. But let's talk about something
• 3:33
  very interesting that's happening in the retail silver
• 3:36
  market here in the United States.
• 3:39
  And the reason why we want to pay attention to this is that
• 3:42
  retail premiums are the best gauge, the best metric, the best
• 3:47
  data set that we can look at to gauge a retail demand for silver
• 3:53
  in the United States. And the reason why that's
• 3:56
  important is because retail demand for silver in the United
• 3:59
  States has been pretty cruddy, right, especially given the
• 4:04
  explosive price moves that we had.
• 4:06
  So when retail starts to come back, that could be the secret
• 4:10
  weapon. And let's look at why we can
• 4:12
  have some optimism in that regard.
• 4:15
  And this comes from sorry guys, There we go.
• 4:20
  Silver trade Silver Eagle premiums spike the $18.00 per oz
• 4:26
  over spot at the major online retailers as investors by the
• 4:31
  debt. So while spot prices dropped by
• 4:33
  nearly 50% from the January 28th pink peak, premiums on Silver
• 4:38
  Eagles have risen to 25% of the silver spot price in the face of
• 4:43
  increased Western demand. And these are just a couple
• 4:46
  examples. This is pretty much across the
• 4:48
  board, but at at Max you, you can see when the price was about
• 4:53
  $69.00, they were charging $87.00 for American Silver
• 4:59
  Eagles. And if you go to JM Bullion,
• 5:02
  there's the silver ask price. And again, I'm not, I'm not
• 5:07
  pointing them out in particular. This is across the board and I
• 5:10
  don't know specifically, this was probably yesterday, but
• 5:14
  nonetheless at a $70 silver ask price, the lowest, I'm sorry,
• 5:20
  the highest for one to 1988 dollars.
• 5:23
  So again, what's important about that is premiums.
• 5:28
  Retail premiums are the best gauge that we have for retail
• 5:32
  demand for silver in the United States.
• 5:34
  And when retail demand comes back from wakes up from
• 5:38
  hibernation, you know what I'm about to do, right?
• 5:42
  When those other people, those other 98% of people in the
• 5:46
  United States wake up to the fact that they need to get
• 5:49
  themselves some silver, we call them the herd and we
• 5:52
  affectionately refer to them as the the sheeple.
• 5:58
  That was a good sheep noise, right?
• 6:00
  When they wake up, it's going to be like a flood.
• 6:02
  It would be it would it if it happens, I think it will when it
• 6:06
  happens, it could be like a flood.
• 6:08
  That's one of the one of the demand sources for silver that's
• 6:12
  been absent, hasn't really shown up yet.
• 6:15
  So be prepared and we know right And we're going to talk about
• 6:18
  the Comex and the LBA and all that.
• 6:19
  There's no the silver's silver's going bye bye.
• 6:23
  It's disappearing on us right before our very but Speaking of
• 6:27
  being tough, we listen to the billionaires.
• 6:30
  Charlie Munger, who was really the brains behind Warren
• 6:32
  Buffett. I think Charlie died.
• 6:34
  He was a super smart guy with Berkshire Hathaway.
• 6:37
  He said something that relates directly to the silver market.
• 6:42
  And this one, I'll say it with and Ronnie Stoufferly put this
• 6:46
  out. Ronnie Stoufferly is, you know,
• 6:48
  again, one of the gurus super respected in silver and gold.
• 6:51
  He has a Charlie Munger quote quote.
• 6:53
  If you can't handle a 50% drop, you deserve a mediocre result
• 6:59
  from Charlie Munger. This should be written on a post
• 7:02
  it note for every mining and out of silver mining, gold mining
• 7:07
  and silver and gold physical owner out there.
• 7:10
  But guys, volatility is part of the process.
• 7:13
  And don't forget when we look back at what happened during the
• 7:16
  Weimar situation in Germany back in the 1920s when gold and
• 7:21
  silver absolutely sky. People were buying like houses
• 7:25
  for like a 100 ounces of silver, right?
• 7:28
  That was back just what, 100 years ago in Germany.
• 7:31
  But when you look at a chart of the volatility of the metals,
• 7:35
  when you look at a chart of the price, it looks like it just
• 7:38
  went like a skyrocket, right? And and and the German currency.
• 7:42
  But when you look at a monthly chart that charts the monthly
• 7:46
  volatility of the price, it looks like AI don't know, is it
• 7:49
  like a person having a heart attack or something?
• 7:52
  I mean, the price just went. So what we're experiencing right
• 7:55
  now is not out of line with other periods in history when
• 7:59
  the price of precious metals went exponentially higher.
• 8:02
  And we got people telling us we got Rashad $10,000 gold.
• 8:06
  We got, we have, we have people who are highly respected telling
• 8:11
  us that we could have $200 silver by the end of the summer,
• 8:14
  that we could have $500 silver. I mean, you know, and you know
• 8:18
  my predictions, I don't want to get in trouble.
• 8:21
  I think I think we're in for some good times.
• 8:24
  I'll leave it at that. OK, look, we're going to go to
• 8:26
  the Swiss expert. Got a little video from the
• 8:29
  Swiss expert that's going to make a lot of this confusion
• 8:33
  going on in the precious metals market make much better sense.
• 8:36
  Before I do that, I want to say thank you to channel sponsor
• 8:39
  First Mint, the silver exclusive mint that you guys love, right?
• 8:44
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• 8:47
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• 8:53
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• 8:56
  you get from them goes from the mine to the mint.
• 9:00
  They're in Las Vegas, NV and then directly to you and of
• 9:03
  course, our friends at First Mining Gold had a great
• 9:07
  conversation with two of the executives from that company
• 9:10
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• 9:12
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• 9:15
  firstmininggold.com. And we got a new sponsor.
• 9:18
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• 9:21
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• 9:24
  They have 4 exciting projects, all in Canada and the United
• 9:29
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• 9:30
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  you name it, right? They've got strategic alliances,
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  partnerships with Robert Friedland's Ivanhoe Electric,
• 9:43
  also with that mining giant BHP as well.
• 9:47
  You can learn more about them at brixtonmetals.com.
• 9:50
  And just so you know, it's a stock that I own for like over
• 9:54
  five years before they sponsored the channel.
• 9:57
  So it's a company, a stock that I've owned that I followed very
• 9:59
  closely. Same thing with First Mining
• 10:02
  Gold. And of course, I get silver from
• 10:03
  our friends. At First, I only take
• 10:05
  sponsorships from companies that I either invest in or work with
• 10:10
  companies that I can trust. That being said, remember I'm
• 10:13
  not a financial advisor. Stocks, bonds, mutual funds,
• 10:16
  cryptocurrency, real estate, anything is very risky.
• 10:20
  Always do your own research and if you don't understand, consult
• 10:23
  a professional. Now let's listen to this Swiss
• 10:26
  expert because he's got some very interesting things to say.
• 10:30
  This is about a minute and a half long, but it is full of of
• 10:34
  gold and silver Nuggets. And let me get the right screen
• 10:38
  up. We're going to put them on full
• 10:40
  screen. This is premium strategy
• 10:44
  partners Dieter Luscher. And I've heard people talk about
• 10:49
  this guy like he's a smart one. He's in the know.
• 10:52
  And let's listen to what he has to say about what we can expect
• 10:57
  in these markets. All right, without further ado,
• 11:00
  I give you Dieter. Gold and silver are crashing
• 11:04
  right now, but it's not the war, it's the quarter end trap.
• 11:09
  Commercial banks and shorts are slamming prices lower with
• 11:13
  massive short positions and options expiring in just nine
• 11:17
  days. Their goal?
• 11:20
  Make those options expire worthless so they pocket maximum
• 11:24
  profit. The low is coming fast, maybe
• 11:27
  already today even as war escalates.
• 11:31
  This move is 100% technical, driven by futures and expiry.
• 11:36
  Once that window closes, the real bid returns with force.
• 11:41
  Meanwhile, the power is shifting East India just announced its
• 11:45
  gold and silver ETFs will price at local Indian spot from April
• 11:51
  first, not LBMA. China is pushing yuan
• 11:56
  denominated gold hard. Comex inventories are collapsing
• 12:00
  while physical demand is chaotic.
• 12:02
  Mines shipping silver straight to producers, bypassing
• 12:06
  exchanges entirely. Physical metal has 0
• 12:10
  counterparty risk, exactly what nations and investors now
• 12:14
  demand. This engineered dip is the final
• 12:17
  gift by the physical metal. Now, while the paper
• 12:21
  manipulators still control the price, the bull market is about
• 12:25
  to resume and pricing power is moving permanently east.
• 12:30
  OK. What do you, what do you think
• 12:32
  of that Woof. He dropped about 8 bombs during
• 12:36
  that one, right? This is 1/4 in trap.
• 12:38
  A paper driven smashdown in the price of gold and silver that
• 12:43
  we've endured feels like it could be stabilizing and maybe
• 12:47
  building a launchpad for future major, major price increases.
• 12:52
  He talks about the East, this big deal with India, right?
• 12:55
  The India, there's two, there's big things, three big things
• 12:58
  going on with India. They're not using the LBMA price
• 13:01
  anymore. They're using their own domestic
• 13:03
  market price for gold and silver and their ETS.
• 13:06
  But they also have this deal that what is it like in six
• 13:09
  days? They're like major like pension
• 13:12
  funds, retirement funds are now going to be able to invest into
• 13:16
  silver and gold. That's a massive potential wave
• 13:21
  of new buyers for the metals. And there was something else
• 13:24
  about India. I don't know, I'll remember here
• 13:26
  in a little bit. But what else did he say?
• 13:28
  Chinese, right, are pricing the gold and yuan.
• 13:32
  Everything's moving to the east. And then as he points out, which
• 13:35
  we don't talk about, but it's a big, there's a big reason why
• 13:38
  this is important. Like mines in Mexico are now
• 13:41
  shipping silver right, directly to the east, directly to China.
• 13:46
  Samsung recently made a big investment in directly into a
• 13:50
  silver mine in Mexico. So things are getting very, very
• 13:54
  interesting. Oh, let's look at the Comex.
• 13:57
  If you notice that the COMEX, the paper exchange futures
• 14:01
  market here in the United States, right, But owned by the
• 14:04
  CME or I don't know, whatever is the Nymex owned by the CME
• 14:08
  anyway, right? The registered inventory, which
• 14:11
  is the important inventory that they have, That's the inventory
• 14:14
  that's actually available to back up all these paper
• 14:18
  contracts they have out there. It is going down, down, down.
• 14:21
  Let's get the latest. I think Bullionaire Bob shared
• 14:24
  this one with us. Bob the Bullionaire registered
• 14:27
  silver down another 2.65 million oz at the COMEX.
• 14:33
  The balance is now 76,000,000. Wow, look at that.
• 14:38
  There's the proof. But here we go.
• 14:40
  Here's what it looks like. The doors are closing.
• 14:43
  Stop pushing. We all need to get it.
• 14:47
  All right. All right.
• 14:47
  OK, so from there. OK, let's talk about doom and
• 14:51
  gloom. I promised you doom, but let's
• 14:54
  talk about this is facetious. We like to have a little fun.
• 14:57
  I want to emphasize the next thing that I'm going to show you
• 15:00
  was a joke, but it actually has a strong message embedded in it.
• 15:05
  Apparently one of the wrong 1. Hold on here.
• 15:09
  Hold on. Got you on the right screen.
• 15:12
  Where is it? There it is right there.
• 15:17
  One of the Iranian leaders, I believe, put this out about oil
• 15:21
  to begin with, but then I guess the silver Dijon decided to
• 15:26
  modify it and make it make a statement about silver, he says.
• 15:30
  We are aware of what is happening in the paper silver
• 15:33
  market, including the firm's hired to influence silver
• 15:37
  futures. We also see the broader
• 15:39
  jawboning campaign, but let's see if they can turn that into
• 15:43
  actual silver at the dealer or maybe even even print silver
• 15:48
  Adams. And again, if I have this
• 15:50
  correct, this was actually a post that he put out, but he was
• 15:54
  talking about oil silver. Dijon decided to to make it
• 15:58
  about silver. But is that really all that far
• 16:01
  off? Because let's look at what
• 16:03
  happened, what's happening in the aluminum market and compare
• 16:07
  that to what we know is also going on in the silver market
• 16:11
  right now. It's the oil market, it's the
• 16:13
  silver market, it's the aluminum market.
• 16:15
  Let's just Dario shares with us 9 days ago.
• 16:19
  Aluminum shortage is incoming today, right?
• 16:22
  Yes, car. This was yesterday.
• 16:24
  Car makers panic buying aluminum to secure supply similar to
• 16:28
  other commodities. Paper price has been suppressed
• 16:32
  in the past week, creating a disconnect in the physical
• 16:35
  world. There's a shortage in the
• 16:37
  physical world, but for some reason, the price of aluminum's
• 16:41
  going down. Commodity exchanges credibility
• 16:44
  is evaporating. All right, so there's the chart,
• 16:48
  right? There's an aluminum shortage.
• 16:50
  But as you can clearly see, the price of aluminum somehow, some
• 16:55
  way is going down. Does that sound familiar?
• 16:59
  Another metal that starts with the letter S and ends with the
• 17:03
  letter R. Now let's go here.
• 17:06
  And there's the headline from the Financial Times.
• 17:08
  Car makers rush to secure aluminum as the Middle East war
• 17:12
  hits supply. All right, I've skipped over 1.
• 17:15
  Hold on one second here. OK, we got another one.
• 17:19
  Another powerful one from David Bateman.
• 17:22
  Why do we listen to David Bateman?
• 17:24
  I'll tell you why. He's the new Hunt Brothers.
• 17:26
  This is the billionaire guy who learned about silver, it seems
• 17:30
  like about a year ago, maybe a little over a year ago, or
• 17:34
  that's when he we started learning about him.
• 17:37
  He, he owns like 15,000,000 ounces of silver.
• 17:41
  OK. I mean, the guy has just, I
• 17:44
  think it's his stack of silver might almost be as big as yours,
• 17:48
  right? But seriously, the guy's a
• 17:49
  billionaire. He's very smart.
• 17:51
  He laid out why he's buying silver all that we pay attention
• 17:55
  to him because he's not buying silver futures, by the way, he's
• 17:59
  not buying paper silver. He's buying the real hard metal.
• 18:04
  And let's listen to what he said because there could be a little
• 18:08
  more than an atom of truth in this when he says if you want to
• 18:12
  afford gasoline in 2027, you should be buying precious metals
• 18:19
  right now. All right, we're going to move
• 18:21
  on now to some real serious subject, which could be economic
• 18:26
  difficulties that a lot of us in the West.
• 18:28
  You guys are from all over. Oh, by the way, thank you for
• 18:31
  joining me in upstairs, Susie. We love you guys.
• 18:34
  We love the basement dwellers. We love gold and silver.
• 18:37
  We would really like for you to come back and visit us again
• 18:40
  down here in the basement. So please press the subscribe
• 18:43
  button, give the video a thumbs up and leave a comment in the
• 18:49
  comment section and super chat. Super appreciated.
• 18:51
  Never expected. Upstairs, Susie chimed in.
• 18:54
  Let's check in with her. Everybody say hi, Susie, I'm
• 18:57
  here. Oh, I was letting you know
• 19:02
  you've got a super chat. Oh, cool.
• 19:02
  All right, we got a super chat. That's awesome.
• 19:05
  Thank you for your generosity. I'll pull you up a little bit
• 19:08
  later. Don't you worry, because we got
• 19:10
  to talk about something scary and serious right now.
• 19:13
  And that is what a lot of people including this people believe
• 19:18
  that we could be going into some very challenging economic times.
• 19:22
  OK and let's look at some some of the reasons why that big can
• 19:26
  be going on right now. The first is interest rates and
• 19:31
  hold on here. Here we go.
• 19:33
  This comes from the highly respected Kobesi.
• 19:36
  Kobesi letter. Absolutely incredible. the US
• 19:39
  and I'll tell you why this is a big, big, big deal. the US 20
• 19:44
  year note yield is now back up to almost 5%.
• 19:47
  Let's run out here. Hold on and see where it is real
• 19:51
  time. OK, there you go.
• 19:54
  At CNBC 20 year treasury is at 4.9%.
• 19:58
  Let me just show you how much it has gone up.
• 20:02
  If we just look at a one month chart, as you can see right the
• 20:06
  I don't need to draw a line on there for you, you can see that
• 20:09
  the the 20 year treasury is really.
• 20:13
  Oh, gone up here's it's real easy to see here.
• 20:17
  This is about when the war started and as you can see, it
• 20:21
  shot higher. Pulled back a little bit in the
• 20:23
  last few days, but still really high.
• 20:26
  OK, less than 20 bars after President Trump said that peace
• 20:32
  talks were underway, the threat of a 7% mortgage, and I'm
• 20:36
  hearing that you're probably hearing that as well.
• 20:39
  And $4.00 gas prices has become a reality.
• 20:42
  Bond markets say this war is not sustainable and that level of
• 20:47
  interest rate is not sustainable for our country because we've
• 20:52
  got almost $10 trillion of our 40 trillion in debt that we have
• 20:58
  that needs to be refinanced this year alone.
• 21:03
  Nobody's going to want to buy it, OK?
• 21:05
  I mean, the only way people are going to buy the US debt is that
• 21:08
  the interest rate becomes more and more and more attractive,
• 21:12
  but the government can't afford to pay those higher rates.
• 21:16
  Do you understand what I'm saying?
• 21:17
  Like 10 trillion's a lot of money.
• 21:20
  That's a ton of money. That's what's a trillion is
• 21:23
  1,000,000 * 1,000,000. We got 10 trillion that needs to
• 21:26
  be refinanced in the next 12 months.
• 21:29
  If the if the only way we can, who's going to buy it?
• 21:32
  The only way we can get people to buy it is if the rate goes
• 21:35
  higher and higher, right, to induce them or seduce them or
• 21:38
  whatever to get them to buy the rate the, the, the, the, the
• 21:42
  debt. But we can't afford to pay 678
• 21:46
  percent rate on a, on a ten, $10 trillion.
• 21:50
  So what's going to happen? the Fed is going to monetize it.
• 21:54
  That means that our old friend Jerome Powell or wash, whoever
• 21:58
  at the Federal Reserve is going to have to boop, press the old
• 22:02
  printer button and, you know, magically create trillions of
• 22:05
  dollars that they can then use to go into the market and buy
• 22:10
  the debt. They'll be the bid, they call
• 22:12
  it. They'll be the ones buying this
• 22:14
  debt, but they're going to be doing it with printed money.
• 22:17
  Now, look, I can't guarantee that's going to happen, but it
• 22:20
  sure seems like the only plausible scenario under which
• 22:26
  they can get interest rates down lower.
• 22:28
  We are in a debt spiral at this point.
• 22:31
  It's unfortunate. I don't like it.
• 22:33
  I live in the United States. I'm just calling it the way that
• 22:36
  I see it. I could be wrong, but since I
• 22:39
  know how to work a calculator right, and you don't have to be
• 22:42
  Albert Eisenhower to figure this out, it really is most likely
• 22:46
  the most plausible outcome. But wait, there's more.
• 22:49
  Because when we look at oil, this is shocking.
• 22:52
  That also tells us we could be heading for a very difficult
• 22:56
  period in the economy. This comes from MSB Intel.
• 23:00
  Every. Am I sharing it?
• 23:02
  Yeah. Every major oil shock in
• 23:05
  history. Every major oil shock in history
• 23:09
  triggered a recession. Every single one.
• 23:14
  This, the one we're in right now, is the largest ever
• 23:18
  recorded by 4X. And look at that chart.
• 23:22
  So remember all these oil shocks, 197919731990?
• 23:28
  Every one of these triggered a major recession.
• 23:32
  The one that we're in right now, the big red bar at the top is 4
• 23:36
  times bigger than any of them. Maybe they've got some magic, I
• 23:41
  don't know, right? Who knows, but based on history
• 23:44
  and common sense, that's what we believe we can expect.
• 23:48
  And then Kabasi has this below the the the International Energy
• 23:54
  Association. I think that is anyway, they're
• 23:56
  like the energy people. For the world has issued a
• 23:59
  warning stating that the Iran war is the greatest threat to
• 24:04
  global energy in history. OK, we won't even go through the
• 24:08
  details. You know what all that is.
• 24:10
  But wait, there's more. But wait, there's more.
• 24:15
  Because you probably remember the 2008 financial crisis.
• 24:18
  Most of you are about my age, I'm 56, right.
• 24:22
  And what triggered the great financial crisis crisis?
• 24:24
  mortgage-backed securities, right?
• 24:26
  Like kind of like private lending, big fees, excuse me,
• 24:31
  being made by the big financial companies and they kind of look
• 24:34
  the other way that a lot of these mortgages weren't all that
• 24:38
  high quality. Well, guess what, the almost the
• 24:41
  exact same thing is happening now, but it's called private
• 24:46
  credit, right? These private credit companies
• 24:48
  that put together all these debt pools and they, they were, they
• 24:52
  were, they would, you would give them your money, they would loan
• 24:55
  your money out, right? And then they would kind of
• 24:58
  pocket the difference. They would make huge fees.
• 25:01
  I talked to some people in the know yesterday that said, Oh
• 25:04
  yeah, it was like the most lucrative thing going.
• 25:07
  It was big money, private credit, you know, private
• 25:10
  equity, whatever, right? But what happened was they would
• 25:14
  own that money out. Some people speculate maybe to
• 25:19
  not the the best companies that may not be able to pay it back.
• 25:24
  So now that's all that's going on.
• 25:26
  All these massive private equity, private credit companies
• 25:30
  are saying we can't give your people want their money back.
• 25:33
  You maybe you gave them, I don't know, 100,000 of your money and
• 25:37
  you call them up and say, you know what?
• 25:38
  I think I want my money back. And it's all we can't, sorry,
• 25:41
  Mr. Brown, we can't give your money back, right?
• 25:45
  And they don't have to like mark this stuff to market,
• 25:48
  apparently. Look, I'm telling you what I
• 25:50
  understand digging for yourself, but they don't have to like like
• 25:53
  market to what the market value really is.
• 25:58
  Remember that that happened during the mortgage-backed
• 26:00
  security thing. They called it mark to market.
• 26:03
  Like, oh, you know what, whatever, right?
• 26:05
  I call it Disneyland accounting, right?
• 26:08
  Like make believe, you know, it'd be like if if I bought
• 26:12
  $10,000 worth of a stock and it went down, it was only worth
• 26:16
  5000. And Susie asked me how the
• 26:18
  stocks doing. I said it's doing great.
• 26:20
  It's 10,000. We're not.
• 26:22
  We don't have to mark it down until we sell it.
• 26:26
  Well, it's down by 50%. Anyway.
• 26:28
  I digress. Big, big trouble in the private
• 26:30
  equity arena. Let's go.
• 26:33
  By the way, Susie, I know you're listening.
• 26:35
  That's not the fact. OK, Crypto Rover, this guy has
• 26:38
  1.5 million followers on. Yeah, on X.
• 26:43
  Big warning. Banks are now betting against
• 26:45
  the private credit market, and that tells you something is
• 26:48
  breaking under the surface. Private credit funds are facing
• 26:52
  heavy pressure. Oh, thank you, Susie.
• 26:55
  Here we go. I love her.
• 26:57
  She's the best in the whole world.
• 26:59
  Thank you, Susie. Crypto Rover.
• 27:01
  Big warning. Now you can see it.
• 27:03
  Banks are now betting against the private credit market.
• 27:05
  And that tells you something is breaking under the surface.
• 27:09
  Private credit funds are facing heavy pressure right now.
• 27:13
  Investors are pulling their money out.
• 27:15
  It's kind of like a bank run. I've heard some people say funds
• 27:18
  are limiting withdrawals. Sorry, we can't give you your
• 27:21
  money back. Excuse me?
• 27:24
  And defaults are starting to show up, especially in software
• 27:27
  companies because they loaned a lot of this money out to
• 27:30
  software companies that weren't making any money.
• 27:33
  I read somewhere like 40% of them are cash flow negative.
• 27:38
  The main issue is simple. Over the last few years, a lot
• 27:40
  of unprofitable software companies borrowed money from
• 27:44
  private credit funds. Now with slower growth and
• 27:47
  pressure from AI, many of these companies are struggling.
• 27:51
  JP Morgan estimates that around 30% of private credit loans are
• 27:55
  linked to software. And for further evidence that
• 27:59
  this is a problem, we have this right, a quote from Bloomberg.
• 28:04
  Apollo Asset Management caps private credit fund withdrawals
• 28:09
  as requested, 11%. Apollo Debt Solutions
• 28:13
  withdrawals also capped at 5% next quarter.
• 28:17
  The cracks in the financial system are widening.
• 28:21
  And you may ask, who is Apollo? Well, I did that work for you,
• 28:24
  don't you worry. Apollo manages just $900 billion
• 28:30
  worth of assets, of which 500 billion is in private credit.
• 28:38
  Yeah, man, it is getting ugly out there.
• 28:42
  You want to hear what Ray Dalio has to say?
• 28:45
  Give me a second. OK, give me one second.
• 28:47
  I forgot to pull this up. I'm going to bring you back to
• 28:50
  the here. You know what?
• 28:50
  I'll put you here. I'll park you here.
• 28:52
  You going to watch the gold and silver?
• 28:54
  What's going on? Silver's only have $0.10.
• 28:57
  That's a bunch of bunk. Hold on one second.
• 28:59
  But we'll we'll listen to what Ray Dalio says.
• 29:03
  Hold on. Here we go, I'm going to be back
• 29:06
  in countdown from 1098765. Here it is.
• 29:14
  Let's listen 46 seconds of Ray Dalio.
• 29:17
  Why do we want to listen to Ray Dalio?
• 29:19
  Because Ray Dalio started in his apartment, right, and built the
• 29:25
  world's biggest hedge fund. And Ray Dalio doesn't pull any
• 29:30
  punches. Ray Dalio is a is an American
• 29:33
  citizen like I am, loves the country, all that, but calls
• 29:37
  things like he sees it. And let's listen to what he
• 29:40
  calls right now because it's not pretty.
• 29:44
  Here we go. Here's Ray.
• 29:46
  It's the beginning of the end of the monetary system as we know
• 29:52
  it. It's not just the US dollar,
• 29:54
  it's the Fiat monetary currencies.
• 29:57
  So the UK, the euro, Japan, China all have similar debt
• 30:03
  problems and so on and are dealing with the same
• 30:06
  interrelationships, which is the reason you're seeing gold being
• 30:10
  chosen by the central bank. They want a a currency.
• 30:15
  Gold has always been the main currency and it's the only non
• 30:19
  Fiat currency. In other words, not the currency
• 30:22
  that can't be printed that they want.
• 30:25
  And so that's why you're seeing central banks move and sovereign
• 30:29
  wealth funds move to gold. And that's the nature of the
• 30:32
  shift of the monetary system. OK, Mike dropped by Ray.
• 30:37
  Oh, hold on here. I'm coming.
• 30:39
  Here I am. Now we're back.
• 30:40
  There's Ray. There's Ron.
• 30:42
  And Ray. And Ron, we agree.
• 30:46
  Every Fiat monetary system in the history of the world has
• 30:50
  gone kaput. Goodbye.
• 30:51
  OK, hundreds, thousands of paper money Fiat systems have come and
• 30:58
  gone. You can collect stacks and
• 30:59
  stacks of all types of printed money from all around the world
• 31:03
  from all throughout history. That's all become worthless.
• 31:06
  I want to run out and say thank you, Thank you, thank you.
• 31:10
  It's thank you time. We got a super chat from Hey
• 31:14
  Brian 6790. Thank you Ron and Susie for
• 31:16
  carrying us through this difficult time.
• 31:19
  I don't, I didn't need any more silver right now, but how can I
• 31:22
  resist this one? It's so cheap.
• 31:24
  Hey, your mate in Sydney. Wow, cool.
• 31:27
  That's what, $14.99 from Australia?
• 31:33
  And for the record, Susie and I did go to Australia.
• 31:36
  We loved Australia. It was like, well, probably
• 31:38
  about 1720 years ago. Wow, time flies.
• 31:41
  Thank you guys. Thank you.
• 31:43
  Thank you. Thank you, Bryant, for the Super
• 31:46
  chat. We appreciate each and everyone
• 31:48
  of you. We want you to come back, take
• 31:50
  care of yourself. Please subscribe to the channel.
• 31:53
  Have a great day. And I'll see you.
• 31:56
  And yeah, I see you. I'll see you next time down here
• 31:59
  in the basement. Thank you.