Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT** SILVER'S Move to $100... (FINANCIAL CRISIS)

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**ALERT** SILVER'S Move to $100... (FINANCIAL CRISIS) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Silver can easily. Reach $100 per.
0:03
Oz, are we barreling towards another financial crisis and are
0:09
there some little known? Facts about.
0:11
Silver, are you going to learn something today during this
0:14
video live stream we're going to cover?
0:16
It all. We're going to get started right
0:18
now, but it. Was a great week.
0:20
For gold before I came on Jake from Jake's custom parts.
0:24
That he sent me a. Text and that was the whole
0:26
thing. Great week for.
0:28
Gold. We know where gold.
0:30
Goes silver will follow and. Guys we are going to.
0:35
See this $50. Silver, $100 silver.
0:39
I think sooner as opposed to later, but we need to talk about
0:44
why. Let's pull up a couple charts
0:46
quickly here. OK, everybody's talking about it
0:50
now. We talked about this months ago,
0:53
right? The.
0:54
Cup and handle and silver. We've got Tabi Costa, I'm.
0:57
Hearing all the top analysts. Talk about this massive.
1:00
This is so important. For you to understand.
1:03
This is the most powerful, the most predictable chart.
1:07
Pattern in the world. This gets us to $100 silver.
1:12
Again, I'll mention I heard. Tabi Costa.
1:15
Talking about this last. Week.
1:17
This is how it happens coupled with.
1:20
All the fundamental reasons, right?
1:22
The fact that there's hardly any silver being mined.
1:25
Right now, the fact that the demand for silver is exploding,
1:28
but. What this what this chart shows
1:32
you is. From 1980 to 2011.
1:36
That's the cup guys. I don't know if you can see my
1:39
orange cursor on the screen. I don't think you can.
1:42
But do you see 1980? We hit 50.
1:44
Dollars per oz in Silver 2011 we hit. 50.
1:47
Dollars per oz in silver. That caused a big sag.
1:51
That's the Cup. From 2011 to where we are now,
1:55
that's the handle. This is the most.
1:58
Predictable. The.
1:59
Most reliable The. Strongest chart pattern in the.
2:03
History of the world. But there's a bonus factor that
2:06
you need to also understand, and that is that the longer the time
2:11
frame is that the cup and handle forms over.
2:13
And in this case it started in 1980.
2:16
We're in, what, 2020? 444 years.
2:20
That's a real big. Cup in handle.
2:22
Guys, that's like like those things you see at amusement.
2:26
Parks or. Roadside attractions on Route
2:29
66, like the coffee shop with the giant cup, right?
2:32
I got. Actually, I have a giant coffee
2:34
cup here in the basement. I'll have to pull it out for you
2:36
guys. I need to get the cup out.
2:38
Wow, I have a giant cup coffee cup that I used to.
2:41
Have mounted on the top of my car.
2:43
It's a long. Story anyway I will get.
2:46
The giant. Coffee cup out.
2:47
It was made out of a steel barrel.
2:49
Long story that what we're talking about here is the silver
2:53
prize. And this guy's is.
2:56
Good news for us. I'm telling you, things have
3:00
changed. Gold all.
3:02
Time high, Take a step. Back.
3:04
Let's go back four months. Ago and I told you.
3:07
We would see. I predicted $2600 gold by May.
3:11
I'll still stand. By my prediction, I don't.
3:14
Feel. It's a.
3:15
It's a short. Time.
3:16
Window. However, however, I still.
3:20
Think. This year, we could get. $2600
3:22
gold. I'll eat.
3:23
Crow if I'm wrong, gold breaking out the new weekly highs all
3:27
time. Highs Highs in all currencies.
3:30
It's it's an exciting time. For.
3:32
Us to be in precious metals. Now look, I'm not.
3:35
Telling you what to do. I've been talking about.
3:38
Silver talking about gold for? Decades I've been on.
3:41
YouTube talking. To you for a long.
3:42
Time I get attacked by. Saying $100 silver.
3:47
Right. What do they call that?
3:48
Clickbait. No, I.
3:50
Believe in $100. Silver, I believe.
3:52
In 180. $7.00 silver I believe. In two 3-4 and. $500 silver.
3:58
And I believe. That people that have.
4:00
Their money in the metals now are going to be.
4:02
Glad they did 5. 10 years from now, Heck.
4:06
Maybe. Even five months from now.
4:08
If you right you. Need to make your own mind up,
4:10
but if you think that hold on a second.
4:14
I'm getting I'm getting a text from the boss.
4:16
OK, if you think. That there's a good possibility
4:21
that Silver could save you. In the event of financial
4:25
turmoil, we're going to get into that next and we're going to
4:27
talk about. Crazy ideas, Crazy new things
4:30
about silver that I'd. Never heard of you?
4:33
Want to get your hands on some silver now?
4:36
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5:16
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for you. Right More metal for your money?
5:41
Let's move on. We got.
5:42
A lot to talk about this morning.
5:43
Thank you for everyone for being here.
5:45
Almost 300 people. It's party time.
5:49
It's party time. We had a great week, OK, for
5:52
gold. We had a good week for silver.
5:54
Could there be more to? Come we're gonna get into.
5:57
That OK. But let's talk about crisis.
6:00
You guys remember one year ago we had three of the four largest
6:04
banks in the history of the United States, quite possibly
6:07
the history of the world, right 'cause?
6:09
What was the other one later on Credit Suisse?
6:12
That went bankrupt, right? Like the one of the oldest banks
6:15
in the world. But nonetheless, one year ago,
6:16
right now, you couldn't get silver, you couldn't get gold.
6:21
Because we had a banking crisis. Yes, Remember that.
6:25
And then? Over the weekend, Jeremy Powell
6:28
and Janet Yellen had a little powwow and they put out a new
6:31
program called the BTFD. Just remember.
6:34
OK, OK. From an assets perspective, it
6:37
was bigger. Than what happened to the
6:40
banking sector during the financial?
6:43
Crisis. That's a fact.
6:45
This is a big. Deal.
6:46
And right now, we have renewed stress in the banking.
6:50
Sector. Think about that, OK.
6:53
All right, let me look. The NYCB New York Community
6:55
Bank. Let's touch on this.
6:56
Briefly. Thank you, Ron.
6:58
McAdams for that super chat. Super chats are super
7:00
appreciated. So our thumbs up.
7:03
And you can subscribe. Today, because it's free.
7:06
OK, All right. Let's just let's just go quickly
7:10
talk about. What's going on?
7:11
This could be. Financial crisis.
7:12
Financial crisis means. You wind up being.
7:15
Barry Barry Hoppy You. Own silver and gold.
7:18
OK. All right.
7:20
Very happy financial crisis, one of the rescuing.
7:24
Banks, this is about, this is about NYCB.
7:28
This is interesting. This bank in New York that's
7:30
having problems, OK, they were one of the rescuing.
7:34
Banks from a year. Ago and now they need a.
7:38
Rescue, OK, former Treasury Secretary.
7:43
And this guy bugs me. I'm just going to be honest with
7:45
you, OK? Steven Mnuchkin.
7:47
Whatever a Mnuchkin is. Ex.
7:49
Goldman Sachs guy, Of course, yes, Goldman Sachs, where they
7:53
listen to Ron's basement. In the break room, I have that
7:55
on Good Word. Is part of a group.
7:58
Stepping up. To save the day.
8:01
So let's go. Into this a little.
8:02
Deeper and the Bank Term funding program ends Monday.
8:06
Isn't this interesting? Remember, that was the bailout.
8:09
That was money printing to help. Save all the banks.
8:12
Oh, we know you lost a bunch of money on all your investments.
8:15
We don't want you to have any pain, Mr. and missus banker.
8:18
You need to be. Able to take your nippy naps in
8:20
your office. Every day Mr. Bank President
8:23
Right. So we'll, we'll, we'll we'll
8:26
bail you out. I know you made a bad
8:28
investment, so we'll just. We'll just make believe that
8:32
that you can give us those. Bonds and we'll make believe.
8:35
That they're really worth what the par value is, right?
8:39
And they're really the reality is they're only worth $0.60 on
8:42
the dollar. I digress, but that all
8:45
supposedly ends. Monday.
8:47
We'll see. OK, here's what I wrote.
8:50
Maybe I shouldn't read this, but I will anyway.
8:54
I can't see that, Steven. Mnuchkin.
8:57
Munchkin, whatever his name. Is would be investing
9:00
significant? Amounts of money.
9:02
OK, think about. This let's put.
9:04
Two and two together here. OK, with Mnuchkin, the former
9:07
Treasury Secretary, be investing all this money?
9:11
If he didn't know. That something would be.
9:13
Done if more banks start to fail.
9:16
Do you think like? You know.
9:17
Minuchkin has a little bit. Of an inside track something's
9:20
going to. Happen.
9:21
OK, this is all part of the spiral.
9:26
You want doom and gloom? Let's pull up.
9:28
Let's talk about the. Spiral briefly, briefly.
9:32
Let's see here. I think I got the right thing
9:34
up. Yeah.
9:35
All right. Let's.
9:37
Uh oh. Hold on, here we go.
9:40
Let's go to our favorite website, the US Net Clock.
9:43
Let's just make sure our. Basement dwellers that things
9:46
haven't. Changed.
9:47
Oh, hey, I wonder. I wonder when we're going to get
9:50
the 34 trillion. See this over here.
9:54
U.S. National Debt.
9:55
Wow, I think. Earlier in the week it was like
9:58
less, it looks like. It's continuing to go.
10:00
Up. How soon will we get the 30?
10:02
4 trillion, 500 billion, This is.
10:05
All part of the spiral, that's. Going on right now.
10:11
We won't go down that. Path, but we are not.
10:13
Happy with our politicians, right?
10:15
Let's go over here. I was looking at this earlier,
10:17
and then we're going to look at the secret window.
10:19
Let's see what the secret window has today.
10:22
But the paper to silver ratio, do you see that right there?
10:26
OK, let's. Click on this you guys.
10:28
In case you don't know this, I'm gonna go down here to.
10:31
The paper silver ratio. See when I put my cursor on it,
10:34
it opens the window. Look at the very top.
10:36
Of the screen it will. Tell you the paper to silver
10:39
ratio top middle. Of the screen says the number.
10:42
Of paper silver. Oz traded on the major world
10:45
silver exchanges. Divided by the actual world.
10:49
Production that means we've got. Oh, it's it's we're OK.
10:53
It's not 400 yet. We have 393, OK 390. 3.
11:00
Paper ounces of silver being traded for each one ounce that's
11:03
produced. Does that.
11:04
Seem like that works. There's almost 400 people.
11:09
That think they have claims on each one ounce.
11:11
Of silver that's being produced every year?
11:14
Are you kidding? Me $100 silver?
11:18
Come on. Basement dwellers type something
11:20
in the type something outrageous in the in the comments.
11:24
What do you think Silver's going to be?
11:25
And thank you again for being here, OK.
11:27
Let's open the secret. Window.
11:29
What do you say? I don't really know what this
11:31
means. Open.
11:35
This is going to be interesting. OK.
11:40
OK. US Restoration U.S.
11:43
Debt. Clock.org debtors prison.
11:46
Oh, that's interesting. So they.
11:47
Have. The United States, the.
11:50
Federal They have a picture of the Federal Reserve.
11:52
And in the basement. Is the debtors prison?
11:56
All right, let me come back. To you guys here.
11:58
Let's move on. Things are getting interesting.
12:01
Spiral time? OK, we got Jerome.
12:04
OK, but everything's OK. Let's hit let's just let's just
12:07
take stock of. What's going on?
12:09
The stock market's at all time highs, right?
12:11
Everything's fine. Home residential.
12:14
Real estate is going through the roof.
12:17
Right my. Neighborhood here.
12:19
I think I paid 220,000 for this house.
12:23
And my neighbors are like, you know, your.
12:24
House is worth 1/2. Million.
12:26
I'm like whatever, man. I don't want to sell.
12:28
It you know the house, you know what a house is.
12:31
It's a pile. Of my house is.
12:32
Brick. It's a pile of bricks.
12:34
And some wood and a place I live in.
12:36
It's not worth any money. Actually, when it goes up in
12:39
value, my property taxes were like, doubled over the years.
12:42
But nonetheless, everything's great, right?
12:44
Your house is. Probably doubled in value as
12:46
well. Maybe tripled.
12:47
I live in the armpit. Of the country, right?
12:49
Now, hey, you know. So we got the real estate
12:52
market, residential real estate exploding, right?
12:56
Oh, everything's great. We're all rich.
12:58
Look at my 4O1K. Balance, right?
13:01
No wonder the American consumers racking up debt, they figure,
13:04
wow, I got all this money in my 4 O 1K.
13:06
If you're part of the. You know, 30% of the US
13:09
population actually has any money saved for retirement.
13:12
My. House.
13:12
If you own a house, it just goes up and up in value.
13:15
I paid this and my neighbors and Zillow says it's worth this,
13:18
right? What else?
13:19
Bond market's taking a hit. Right, but Bitcoin taking off?
13:24
To the moon, everything is. Great out there, but now.
13:28
What's the last? Thing joining the party basement
13:32
dwellers Gold, right? And we're OK with that.
13:37
We're OK with that because gold is the oldest.
13:39
And smartest, do you find it interesting that Gold is just
13:43
now showing? Up.
13:44
Do you find it? Even more interesting?
13:47
OK, remember right I have a rubber band here.
13:51
This is the gold to silver ratio.
13:54
It is stretched to new historic. High levels, not the.
13:58
Highest it's ever been, but on a historic basis it's very high.
14:02
When right, gold at new. All time highs when that when
14:05
all that energy that's in that elastic band, it's like an
14:08
elastic, I can't hear we go. It's like an elastic rubber
14:11
band. It's been stretched right.
14:13
You know when you stretch a rubber band to its Max and you
14:16
let go, it's called the slingshot Move in silver.
14:20
Let's go check just real quick. Real.
14:23
Quick I want to go and I want to check on.
14:29
This the gold. The silver ratio.
14:31
OK, this is a chart. See my cursor.
14:35
Here we are right now. Gold to silver ratio. 9090.61
14:42
The rubber band is stretched. We can this little.
14:45
Spot right here that was. During the C19 crisis.
14:49
We we can erase that. That was like.
14:51
A1 off you know flash in the pan type thing, but if we go up here
14:55
to 90 right, 90 ish and go. Across How many times has the
15:00
silver to gold? Ratio been at 90.
15:03
Over the last oh, what is that, 30 years?
15:08
How about it got close, right? It got close.
15:12
I didn't really even get close. Here Where was it?
15:14
Here Silver to gold to silver Ratio I.
15:17
Don't know why they call that the.
15:18
Gold to silver ratio. To me, it's the silver to gold
15:21
ratio. How many ounces of silver that I
15:25
apologize to you basement dwellers that may not know what
15:27
we're looking at here? The silver to gold.
15:30
Ratio measures the number of Oz. Of silver it takes to.
15:33
Buy one ounce of. Gold So you take the gold price.
15:37
2120, almost 2200, John. Like I can't believe I'm saying
15:41
that and divide it by the. Silver price, that'll tell you
15:45
that, right? Now it will take 90 ounces.
15:48
Of silver, right? Four tubes of American Silver
15:51
Eagles, plus ten additional coins to get.
15:54
One ounce of gold. And look at this.
15:57
We've never. Really right.
16:00
Where do we get to there? 8080 back here. 86 one time,
16:08
right? This little and that was a flash
16:10
in the pan. I don't really count that when
16:12
it comes back. Let's just say we get a silver
16:15
to gold ratio. Of 70.
16:17
Let's go down here to 70. Let's find when we were at 70.
16:20
Oh, that's right here, right? That's more.
16:22
Average that's a $30 silver price, $32 silver price.
16:27
So guys, we are set up for. Good times in the silver market
16:32
when it comes flying back, absolutely, in my opinion.
16:37
Right. Don't make any financial.
16:38
Decisions. Don't adopt A puppy.
16:40
Don't get engaged. Don't.
16:43
Do anything buy a stock silver, Gold.
16:45
I'm just. Giving you my opinion, you form
16:47
your own opinions, listen to me. Listen to other There's a lot of
16:51
great people. Out there.
16:53
OK. I'm just giving you what I
16:54
think, but I do think we're going to get much, much higher
16:59
silver and gold prices. Oh boy, we got to move on.
17:01
We got. A lot to cover.
17:02
OK, so Jerome Powell testifying in.
17:05
Congress, Congress, we're talking about doom and gloom
17:08
financial crisis, and you're going.
17:10
To be happy that. You own some silver and gold.
17:13
OK. All right, Jerome.
17:14
Powell, testifying in Congress this week, made it very clear
17:19
that he. Expects some banks to fail.
17:22
Quote UN quote Some banks to fail.
17:25
OK, let's go to this. Let's go to this this.
17:29
Is interesting. This will be quick.
17:32
OK oh man, my favorite source for newsaol.com.
17:40
Welcome to 1990. Four guys anyway, back when the
17:45
silver to gold ratio was 60, right?
17:48
Yeah. Anyway, AOL.
17:49
Dot com. Actually, there's articles.
17:50
From Fortune, somehow it's on aol.com site.
17:53
Top real Estate CEO Not any real.
17:56
Estate CEO But a top real estate CEO, OK.
18:01
He warns that 500 or more, 500 or more banks.
18:05
Will either fail? Or be consolidated over the next
18:09
two? Years.
18:10
Let's dig into this. This has to do with the CRE.
18:13
The commercial real estate time bomb.
18:17
That is headed towards the US economy.
18:20
And the US banking. Sector it will be good for.
18:22
Silver and gold. It will result.
18:25
In printing of money. Excuse me, I'll explain to you
18:30
why in a second. Hold on, I'm going to have a.
18:31
Quick sip of coffee. I'll explain to you here in a
18:37
second, but let's just. Go through the first couple
18:39
paragraphs. Usually most of the meat of any
18:41
articles in the first couple paragraphs.
18:43
And who wants to read a whole darn article?
18:45
Ever since 4:00. Regional banks holding a
18:49
combined. 532. Billion in assets headlined by.
18:53
Silicon. Valley Bank, remember?
18:56
That was last year, guys, more from an assets perspective.
19:01
One year ago right now, more banks failed than the entire.
19:04
Or the worst year. Maybe the entire financial,
19:07
great financial, the great financial crisis those.
19:10
Banks 530. 2 billion failed in March of 2023.
19:13
Regional banks have been under. Scrutiny from regulators.
19:17
And given the. CRE industry issues a key.
19:22
Focus has been on banks, excuse me, with the most exposure.
19:26
To the volatile sector. OK, here we go.
19:30
In an upcoming white paper seen exclusively by Fortune, RXRCEO
19:36
Scotty Rechler described how regional.
19:39
Banks will face a quote. Slow moving train wreck.
19:44
Hold on a second. Oh my God, I can't believe this.
19:46
Hold on. I have a visual I want to share
19:48
with you guys from my boyhood. I keep everything.
19:52
I'm a pack. Rat.
19:53
I'll be right back. Hold on guys, I'll be right.
19:56
Back This is great. This is the banking sector.
19:59
Let me see if I hear it is, Don't leave me.
20:01
Baby, I got something. For you.
20:07
I got something. Hold on, OK.
20:13
Slow moving train wreck in the commercial real estate sector.
20:17
I'm coming back. You're going to see me.
20:18
And I got something to share with you, OK?
20:24
My mom and dad spoiled me as a kid.
20:26
I had the best parents in the world, middle class America.
20:29
I grew up, but my mom and dad made all kinds of sacrifices for
20:33
me, including whatever I got interested in things.
20:36
They would buy me books. OK, I got books on basketball,
20:39
Indians, silver and gold, all kinds of crazy stuff.
20:43
Anyway, when I was a little boy, I told my mommy I said mom, I
20:46
think when I get older, maybe. When I'm 54 that we're going to
20:49
have a commercial real estate. Problem it's going to be.
20:52
Like a train wreck. Here's the book.
20:54
Right. OK.
20:55
Train wrecks. I keep it on.
20:57
My, my, my thing down. Here, let me show you.
21:00
Let me just. Show you what the here.
21:02
Here's a great visual. Hope nobody got hurt.
21:07
That was a long time ago. All right.
21:09
OK, let me show you one more here.
21:17
That's that's potential for our. Banking sector have to put that
21:25
down here and pull that out next time, OK?
21:28
What are they gonna do all right when all this happens?
21:30
Hey, Neil. Thank you.
21:31
Wow, thank you for that very generous super chat.
21:34
Never expected, always appreciated.
21:36
Thank you. Thank you, Neil.
21:38
From Neil Hans Dynasty, the platinum guru Now, guys, what
21:43
they're going to do, OK And now? Other people are saying this.
21:46
I can't say I was the first, but.
21:47
I will say they're going to come out with a new program called
21:49
the CRAP program, the commercial Real Estate assistance program
21:56
Somebody. Tweeted, Right.
21:57
I don't know if they. Got it from me.
21:59
I don't care, right? I think other people could have
22:01
thought of that same thing. You know, I'm not the smartest
22:03
guy in the world, but they're going to, they're going to find
22:05
some. Way to save.
22:07
It's going to be money printing. It's going to be good for the.
22:09
Crap program, right They had. The BTFP, they had, the QE, they
22:15
had all that. But the bottom line?
22:17
Let's talk about the bottom line.
22:18
And by the way, tomorrow. Morning, 10:00 AM Central Time.
22:21
I'll be back on with. Ted from Ted speaks.
22:23
We're going to. Focus in on silver tomorrow and
22:27
have some great information for you about what's going on.
22:30
So again, 10:00 AM Central tomorrow.
22:32
Morning, but here's the bottom. Line and Ted.
22:35
Talks about this all the. Time we.
22:36
Are in an epic battle. Between Keynesian?
22:40
Economics, which is what we have here.
22:42
Debt based Unicorn fart dust make.
22:44
Believe money, whatever you want to.
22:46
Call it OK, Keynesian economics, money printing.
22:50
Right, You know. The Upside Down, Extras,
22:52
Pyramid, All the. Fake synthetic money that's been
22:55
made It's not. Money currency that's been made.
22:58
In Austrian economics and this. Is critical for you to.
23:02
Understand right now I'd be. Curious if you agree.
23:05
With me on this or not? But I'm getting the.
23:08
Feeling and I even heard. Somebody.
23:11
On one of the more. Mainstream media shows say this
23:14
like the feds. Kind of losing their magic.
23:18
Touch the feds. Kind of losing.
23:20
Their believability, the market. Is starting to call Monkey.
23:25
Isn't that what it's called? Monkey on the Fed, OK?
23:30
I I wrote this out, people are starting to be fed up with the
23:33
Fed, OK? Not really believing them
23:36
anymore, relying more on the laws of mathematics, people are
23:42
starting to rely more on the laws of mathematics, basic
23:46
mathematics. Not convoluted.
23:49
Acronym driven rescue plans, but real mathematics mathematics
23:53
show no forgiveness on the altar.
23:55
Of truth. At the end of the day,
23:57
everyone's realizing the. Real value of the.
24:00
Dollar unfortunately is going down.
24:03
Look. I'm a patriotic American.
24:05
I love this country. I love reading about Andrew
24:07
Jackson and Thomas Jefferson and Hamilton and all.
24:10
Those guys, right, Right. I don't like it, but it's the
24:13
reality and we. Aren't going to sit around with
24:15
our head in the sand, I'm telling you, MAN 99.
24:18
Percent of the people. Out there in the United.
24:20
States have their head. In the sand I talked.
24:23
To a high power, you wouldn't believe who I talked.
24:26
To you last night, OK. And I didn't ask his permission,
24:29
but I swear on anything. This is absolutely the truth.
24:32
A famous high-powered attorney last night, OK?
24:36
And his wife and we were talking.
24:38
About everybody's asleep. OK, everybody.
24:43
'S asleep all of our. Fellow Americans are dead
24:46
asleep. You're willing to dig in.
24:48
You're willing to understand. We were joking about.
24:50
The bricks, we said yeah, we could go.
24:52
To like an Applebee's and Survey 100.
24:54
People at Applebee's. Average Americans, middle
24:57
whatever. Do you know what the bricks are?
24:59
They'd be like. No, I think there's buildings
25:01
made out of bricks, but I don't know what a bricks nation is.
25:04
They don't know. What's going on?
25:05
I'm sorry I went off on a little.
25:07
Bit of a of a. Of a thing, but it's key to
25:09
understand. That people, right?
25:12
It's not. And it's and it's.
25:13
It's. It's starting to.
25:14
Happen in the Western markets, it feels like to me people
25:17
calling. The bluff of the Fed.
25:19
People realizing the. Core of the issue here.
25:23
Right. Not all these little symptoms.
25:25
People are like, fed up with the Fed, Like, oh, we're soft.
25:29
Landing inflation's. Temporary inflation's
25:34
transitory. Oh, we have the BTFP program, we
25:37
have Q, we have reverse repo. We got it all.
25:39
We got more smoke and mirrors. Then you know what to do with
25:43
and what's the real problem. Right, the real problem.
25:46
Is money printing? The real problem is a
25:49
government. I'm not going to pull up the
25:52
debt clock. Thing again.
25:53
That's out of control. It doesn't work, baby.
25:56
And you know who knows that? Silver, You tell me.
25:59
Silver's not going to 100. Dollars.
26:00
I don't care. I bet Keith Newmar sit.
26:03
Down here with me, he. Agrees.
26:05
And I think it's going higher $600.
26:08
It can go. You don't even know how.
26:10
High it can. Go right so I don't.
26:12
Buy it, baby. I just don't buy it.
26:15
Gold nose, silver nose, OK gold and silver know what's going on
26:22
and they know what's going on Right now they're sniffing it
26:26
out. Right, they're the oldest.
26:27
And smartest markets in the world, they look not around the
26:30
corner, right out into the. Future they're able to look.
26:33
Around the corner, they're able to look out around two corners,
26:36
OK, everything's risky right now.
26:40
Everything's risky, right? If.
26:42
You have money in stocks. I have money in mining.
26:45
Stocks, right? Speaking of which.
26:46
Let me say. Thank you to.
26:47
Channel sponsor Fortuna. Silver who put out their.
26:52
Earnings this week, they are generating more cash.
26:56
It's unbelievable and what I really love, and I'm, I'm
26:59
talking with Jorge Genoa early next week, is the.
27:01
Fact that. How methodical and long term
27:05
oriented that company is. OK You can learn more about them
27:09
at fortunasilver.com. There's a reason that they've
27:12
grown and grown for almost 20 years.
27:15
Now you do. Your own due diligence, but it's
27:17
a stock. I do own.
27:18
I'm not giving financial advice in a company that I love.
27:22
The other one that I love, of course, first mining gold.
27:26
Founded by Keith Newmeyer, right, the king of Silver
27:29
himself. Keith.
27:30
Newmeyer. That's his gold company,
27:32
currently run by CEO Dan. Wilton, we have a new.
27:35
Video I just dropped this. Morning, I think, talking about.
27:38
The gold market. Right, we had another one a week
27:41
ago. Where I talked about the
27:41
company, but if you want to hear a CE OS perspective.
27:45
On the gold market, what's going on right now?
27:47
Go to the channel, find the most recent.
27:49
Video Dan's A. Great guy.
27:51
Dan actually sat down here in the basement.
27:53
I can't see somebody in the comments.
27:55
Tell me how many thumbs up we have because I'm supposed to
27:57
ring cowbells for you new basement.
28:00
Dwellers with all this activity guys we have 6. 170.
28:03
People here, we got a. Lot of new people, welcome to
28:06
the new basement dwellers. Welcome to those of you who've
28:08
been following for so long. You know, we want to dig in.
28:12
We want to learn. Right.
28:13
We put out new content every day.
28:15
Something about silver and gold, so if you're not subscribed.
28:18
Please subscribe. Thank you for the Super.
28:20
Chance. Neil, you're being too generous
28:22
with me, OK? I.
28:25
Appreciate it. You know that right?
28:28
Being super. Generous, I do see that. 350
28:32
thumbs up. No way.
28:34
Well, hey guys, right? We got to ring some bells.
28:36
Hold on here. For those of.
28:38
You who are new, we ring more for Jake all.
28:49
Right, we got to dig. Back in, we got more down.
28:51
Did you? Know what do you think's going
28:53
to happen? If they shut the government down
28:54
again, you know this is not even big news anymore, but it can
28:59
impact the markets, everything. 'S coming to a head.
29:01
Here in the next couple weeks, I didn't know this.
29:03
Maybe you know this? And then we're going to talk
29:06
about little known facts I'm, you're going to learn.
29:08
I learned something new about silver, actually, I think 2 new
29:11
things about silver. And I've been following silver
29:15
for 20 years. So let's see if these are new
29:18
things to you as well. But first, government.
29:20
Shut down a larger, trickier deadline.
29:25
For the rest of the. Government, including the
29:27
Defense Department, the State Department and Homeland Security
29:31
departments. Looms just two weeks away.
29:34
And. Negotiators are still far apart.
29:38
On spending amounts and policy provisions necessary to fund
29:41
those agencies so we may have another government shutdown
29:45
right? This is.
29:46
Everything is, you know, the. BTFP.
29:48
Program ends Monday, the reverse.
29:50
Repo. I'll be curious to hear the
29:51
latest. Numbers on the reverse repo
29:53
maybe tomorrow morning. Ted from Ted Speaks Our friend
29:57
Ted can bring us up to date on what's the latest, how much more
30:00
money came out of the reverse repo program.
30:02
We got a crazy. Presidential election right
30:05
coming up. What else do we say?
30:07
Government going to be shut down.
30:09
We always like us basement dwellers.
30:11
We get a little chuckle out of the government.
30:13
Being shut down because we never.
30:15
Really noticed when it happens. But none the less that may
30:18
happen, I'm going to put you on mute.
30:20
For a second. And you know what?
30:21
I'm going to have a. Sip of coffee.
30:23
While I'm doing that. Let's, let's let you just watch
30:27
the uh oh, there it is. The debt clock.
30:30
Uh oh, bear with me. There we go.
30:34
Basement dwellers. That's the debt.
30:36
Clock. That's while I'm having a sip of
30:39
coffee. You.
30:40
Can watch some of your hard earned money fly out the window
30:44
in real time? Oh boy, How soon.
30:47
Till we get to 34. Wasn't it just, wasn't it just
30:50
100 days ago that we were at 33 1/2 trillion in national debt?
31:00
OK guys, I'm back. Let's talk about Little known.
31:04
Facts about Silver? Here we are, all right.
31:08
This is this is very. Interesting.
31:10
We've got a good friend of the channel, John.
31:12
Little John is like a warrior for the silver market.
31:16
OK, let's go to John's article. This is quick, but it is really.
31:21
Full of crazy good information. Oh.
31:25
Shoot, did I lose it? I think I.
31:27
Lost it. Hold on here guys.
31:29
Just. Watch me struggle on the screen
31:33
as I am. I doing it OK.
31:37
Here. Gmail and well, you get to see a
31:43
behind the scenes look at now live.
31:48
Stream, all right. And here it is.
31:54
Silver. Silver.
31:56
Academy. This is interesting.
31:58
Hopefully. Make sure you're seeing what I
32:00
think you're saying. No, you're not.
32:03
Good thing I checked on that. OK, now you can see it.
32:07
Let. Me go here this is.
32:10
From our friend John Little. The Silver Academy, if you're.
32:13
Not subscribed to this I. Recommend you do he puts.
32:15
Out at least. One super interesting article
32:18
every day. No, I don't get a Commission on
32:20
plugging him. No, he's just a.
32:22
Yes, he's just. A friend of mine and I think
32:24
that John has great intentions and puts out some incredible
32:28
information about Silver so. Good to.
32:32
Silver Academy Sub Stack and you can.
32:35
Subscribe but this is what's what's?
32:37
Crazy This guy from Sprott Money Who needs Sprott Money?
32:40
When you have Ron's. Basement can show you the 50.
32:43
Year Silver chart Perfect. Cup and handle.
32:46
See, See, that's another analyst, all right.
32:49
Unlocking Silver's potential A versatile and undervalued gem.
32:54
Discover the. Industrial marvel Silver's wide
32:58
array of. Applications Silver and industry
33:01
OK, number one, this is not new to me.
33:04
Exceptional thermal conductivity What that means?
33:08
OK and this says. Silver surpasses all of their.
33:10
Metals and efficiently transferring heat.
33:13
This is crazy. And this is an experiment you
33:16
can do right to. Prove this yourself, Silver
33:20
transfers. Temperature, energy, thermal
33:23
conductivity. Apparently better than any other
33:26
metal, and that makes a big difference in a lot of
33:29
industrial applications. But one way.
33:31
You can see this get. Yourself A10 oz.
33:33
Silver bar. Take it outside.
33:36
On a warm day when it's like 90. Degrees.
33:38
OK, put the silver. Bar in your picnic table, in
33:41
your backyard, and it doesn't even have to be in the sun, it
33:44
can be in the. Shade because it.
33:46
Will transfer the heat around it in the.
33:48
Air the 8085° immediately to the ice.
33:53
Cube and the ice cube will. Instantly disappear?
33:55
Well, it won't. Instantly disappear, but if you.
33:57
Take two ice cubes out and you put.
33:59
The other one like in a bowl and put one on top of that.
34:01
Silver bar. You will be shocked at how fast
34:05
that it that it melts. OK, electrical.
34:07
Conductivity. We've covered that ad nauseam.
34:10
That's why it's so important for solar panels and electric cars
34:15
and microchips and antennas and spacecraft wiring and circuit
34:19
boards and you name it. Here's two I.
34:22
Didn't know corrosion resistance silver, unlike many metals.
34:28
Doesn't readily corrode or rust, even when exposed to harsh.
34:34
Vacuum and intense space radiation.
34:37
Whatever space radiation is, I guess that's out.
34:40
For satellites and. Spaceships and stuff like that.
34:43
This durability keeps. Sensitive equipment operational
34:47
and extends the lifespan of spacecraft components.
34:52
And when I grew up, a lot of my friend's dad's worked for
34:54
McDonnell Douglas and they worked on like the Apollo
34:56
missions. I think it was.
34:57
It was really cool. Anyway, Reflective properties,
35:01
we know that. Highest reflective.
35:03
Property, we knew that already, but thank you John for reminding
35:05
us, right. But.
35:08
Solder ability. I didn't know.
35:10
This. Actually, there's three.
35:11
Things it readily forms strong solder joints, essential for
35:14
high precision electronics and wiring ductability and
35:18
malleability that means it can be.
35:20
Like shaped. And and and and thinned out.
35:24
Very, very. This is the.
35:26
Other one I didn't know. Lubrication.
35:28
Who knew? Thank.
35:29
You John Little right. Lubrication.
35:32
It's low friction coefficient in in specific applications makes
35:38
it valuable. For.
35:39
Reducing wear and tear and moving parts, right?
35:43
And that can be a big thing. That can be a big, big, big
35:46
thing. And let's get back let's.
35:48
I want to say hi to my my basement dweller.
35:50
Sorry. I left you there guys.
35:52
Hopefully you saw that the. Whole time.
35:54
Good morning, Craig. Rise and Shine.
35:56
Craig Edmonds joining. US from the West.
35:59
Coast The West Coast basement. Dweller Thank you Craig for
36:02
being here. Think about this.
36:04
Think about this. OK, I was.
36:05
Listening to Jeff Clark, he's one of the.
36:08
Most respected. Analyst in the In the silver and
36:11
gold sector. He was.
36:12
Talking with Daniella Camboni, who I think now is with ITM
36:15
Trading Mining Supply. Let's take a deep breath.
36:21
Let's get back to the basics. We got a big war.
36:23
Going on between Keynesian economics and Austrian
36:26
economics, we have all these symptoms, money printing, blah,
36:29
blah, blah. But then let's focus in on
36:32
silver. Take another deep breath.
36:33
Take a big deep silver breath. OK.
36:37
Jeff Clark, I think he summed it up beautifully here beautifully
36:41
mining supply in a major downtrend.
36:46
Total supply of silver. In the world that includes.
36:49
The supply above the. Ground in a major downtrend and
36:53
he said something that knocked my socks off.
36:56
OK, I got socks flying around this house all the time.
36:59
OK. So mining supply major
37:01
downtrend, total supply major downtrend, demand increasing we
37:06
just talked about? You can use silver for
37:08
lubrication, no dirty. Mind thoughts when I say that
37:12
there are basement dwellers? OK, we are pristine when we get
37:16
together here in the basement. You can use silver.
37:19
For what else was it? I forget.
37:21
I got to remember. I'll review anyway.
37:24
OK, the. Demand is increasing, but this
37:26
is the part that knocked my socks off when we talk about the
37:30
mining supply downtrend, the total supply downtrend.
37:34
Jeff. Clark said in the last.
37:36
Four years the. Cumulative death deficit when
37:40
you aggregate it, I think. That's appropriate to say
37:42
altogether is almost 600 million oz.
37:49
OK, that's a lot of silver guys. The whole.
37:52
Mining sector only makes a little over 800 million in A.
37:56
Year. OK, All of this.
37:58
As the as the national. Debt goes up a trillion.
38:01
Dollars every 100. Days the dollar is being
38:05
devalued. We're.
38:06
Going to, we're going to, we're going to, we're going to cover
38:08
something critical for you to understand.
38:10
Especially a lot of you. Long time basement.
38:13
Dwellers probably realize this. Or know this because we've.
38:16
Covered it, but it's it warrants a review.
38:19
It's a SO. Critical for you to understand
38:21
this and the new people need to understand this as well.
38:25
The dollar is being devalued. Look one easy.
38:28
Way to look at it. Is since President Nixon,
38:30
temporarily. Took us off the gold.
38:32
Standard. I was one year old.
38:34
I didn't have my train wreck. Book yet I got.
38:36
That when I was about 10. None the less, he.
38:38
Temporarily took us off the gold standard ever since.
38:40
Then in 1971 do. You know how much?
38:44
Do you know how much? The dollar has lost in value
38:47
when you compare it. To gold 98% right?
38:52
The dollars lost. 98. Percent of its value.
38:57
That's thievery. That's robbery.
39:00
I won't go down that. Path, but there really is.
39:03
OK. OK.
39:05
So when? We talk about the dollar.
39:07
Continuing to lose value because.
39:09
I won't pull up the debt clock. Again, you can do it.
39:11
For yourself, right we've got we've got debt.
39:14
And deficit out of control. We're.
39:16
Talking about the dollar losing. Real value.
39:19
There's a massive difference. This is what is critical to.
39:23
Understand a massive difference between the dollar losing real
39:27
value and the dollar losing or gaining relative value real.
39:33
Value means compared to gold. Yeah, the dollars lost 98% of
39:38
its value in the last. What, 45 years compared to a
39:41
loaf of bread compared to a barrel of oil compared to?
39:44
Anything, right, the dollar has. Lost real value.
39:49
The relative value is what? They want to trick.
39:51
You with They're trying to trick you every day, right?
39:54
That. Oh.
39:55
The mainstream media the dollars up the DX.
39:58
The dollar index is at one O 4. The dollar index is at one O 6.
40:03
That's relative. Value that's comparing the
40:06
dollar. To the.
40:07
Euro primarily and the Japanese yen.
40:11
Which are both crudball currencies.
40:14
So don't. Get confused.
40:16
When you're looking at your silver and your gold and you're
40:20
you're you're you're you're number one.
40:22
You should be looking at it in terms of Oz that you own.
40:25
But if you do want to compare it to Unicorn fart.
40:28
Dust or paper money, whether it's the yen.
40:32
The yen. 'S Unicorn fart.
40:33
Dust the EUR Unicorn fart dust, right the boulevard's Unicorn
40:37
fart. Dust the Turkish.
40:39
I forget what they call it. Lira.
40:40
No, anyway. They're all unicorns.
40:43
They're all Fiat SIS money, paper make believe, right?
40:47
You want to compare. The real value, The real.
40:51
Value when you do that. You get a.
40:53
Warm, fuzzy feeling, OK. Yeah.
40:57
That's it guys. Thank.
40:58
You for being here. Thank you for the Super chats.
41:00
I'll be back on tomorrow. Whoa, whoa, whoa, whoa whoa whoa
41:04
whoa. Whoa, I am made a big mistake.
41:07
I want you to do something a little.
41:09
Favor for. Ronnie from Ron's basement.
41:12
OK, and I put. A link to this.
41:14
In the description, oh, I got to hit the gong.
41:16
Yes, I'm going to hit the gong and then.
41:19
Well, I'm let's I'm. Going to hit the gong.
41:21
After I ask you this favor, OK, I put a.
41:23
Link in the description of. This video for gold trivia, OK?
41:28
My friend, and he's going to come on, we got, we're going.
41:29
To have a special guest, he's agreed.
41:31
To come on, my friend Sam, he's the dad of my one of my
41:34
daughter's friends. He was born in India.
41:38
OK, I don't know. I think he spent his first eight
41:40
years in India, his mom and. Dad's.
41:42
I've met his. Parents.
41:43
His family, anyway, he's going to come on the show at some
41:45
point and talk. To us about what gold and silver
41:49
are. Really.
41:50
Like in India? And this guy's very.
41:54
Successful. His wife Padmini, also very
41:57
successful people, wonderful people, smart people.
42:01
He's going. To come down here and provide us
42:02
with a unique insight into how. Gold and silver.
42:07
What what it means in India because we know they.
42:09
Have 25,000 metric tons of gold in India.
42:13
You know that. 25,000 in their. Houses like Indian citizens own.
42:19
That's like three times what what we have in Fort.
42:22
Knox, anyway. They love silver.
42:25
They imported 300 million ounces of silver.
42:27
Anyway, he put together. He has a.
42:29
Trivia channel that he started and he made.
42:31
A gold trivia. There's a, there's a, there's a
42:34
short. There's a link to it.
42:35
You can go test your skills. The link.
42:37
Is in the description do that. Let's bring the gong.
42:41
Hey, this is for you guys. This is for you, OK?
42:45
This is for the basement dwellers.
42:47
We got the 300 thumbs up. Let's ring the gong.
42:50
Susie's at a basketball. Game with the girls, so she
42:52
can't give me updates. I'm doing this completely.
42:55
Solo I. Think I'm live.
42:56
I don't even know if I'm live. Did I forget to hit go live?
42:59
Oh, shoot. Are you guys there?
43:04
Oh, gong time. All right, Jake.
43:05
Thank you. Now I want you to thank a good,
43:13
happy thought Silver $100 as I ring the gong for the final time
43:20
and listen to how it resonates after I hit it.
43:23
Here you go. This one's for.
43:24
You all right, guys. Thank you.
43:30
OK. Thank you for being here.
43:33
Thank you, Craig, for the Super chat.
43:35
You guys are the best. I'll be back on tomorrow with
43:37
Ted. We're going to zoom in on
43:39
Silver. Our favorite subject?
43:41
We got a lot. To talk about tomorrow, have a
43:43
great. Day.
43:44
I'll talk to you soon. Bye, bye.