Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER and Gold Price!⚡Prepare! -- THIS Is SHOCKING... (Inflation, Dollar Value)

Transcript

⚡SILVER and Gold Price!⚡Prepare! -- THIS Is SHOCKING... (Inflation, Dollar Value) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Silver and gold investors, this is nothing to smile about.
• 0:05
  The prospect of a sudden economic calamity, a sudden
• 0:09
  gross devaluation in the US dollar.
• 0:13
  What would that do for silver and gold?
• 0:15
  Do you think that maybe it might be hard to find silver and gold
• 0:20
  at your local coin shop? Possibly even at the big online
• 0:24
  bullion dealers? We cannot rule out a sudden
• 0:29
  devalued in the US dollar. And the reason why is because if
• 0:34
  we look at history, it gives us many examples of dominant
• 0:39
  currencies, paper money that have collapsed.
• 0:43
  But in this video, we're going to talk about some examples,
• 0:46
  some reasons why we need to at least consider that it could
• 0:51
  happen. Look, I'm not telling you we're
• 0:53
  going to wake up tomorrow and the dollar is going to be
• 0:55
  worthless. I'm not telling you that it's
• 0:57
  going to happen next week or next month, but we can't rule
• 1:01
  out in particular if we broaden the time horizon that we look at
• 1:07
  that we could be facing at least in a very slow motion fashion,
• 1:11
  but even possibly a sudden devaluation in the dollar.
• 1:16
  Hey everybody, it's Ron from Ron's basement live on the log
• 1:20
  Flume. Say hi girls.
• 1:28
  Let's apply some common sense to this idea.
• 1:31
  We do know that right now in our world, what's going on on a
• 1:36
  worldwide basis, the world is bifurcating.
• 1:40
  We have the bricks, Brazil, Russia, India, China, South
• 1:44
  Africa and a number of other countries that are joining them
• 1:48
  and another, a number of other countries that want to join
• 1:52
  them. Again, nothing really to smile
• 1:55
  about for those of us that live in the West, in the United
• 1:57
  States, because the world is moving away from the dollar.
• 2:05
  Think about that for a second. Some people call it D
• 2:08
  dollarization. Whatever you want to call it,
• 2:10
  the world is moving away from an environment where there's high
• 2:15
  demand for dollars. Again, no one predicts right on
• 2:19
  a trade basis or even a reserve basis that this is going to
• 2:23
  happen overnight. However, there are material
• 2:27
  movements in that direction. So at minimum that will tell us
• 2:31
  there will be less demand for U.S. dollars potentially in the
• 2:35
  future. And when there's less demand for
• 2:37
  anything that makes the real value, not the nominal made-up
• 2:42
  Unicorn fart dust, whatever you want to say, a dollar, what no
• 2:45
  real value of the dollar will go down because of lower demand for
• 2:51
  dollars. But all of that is happening in
• 2:54
  what other environment? Come on, let's think about this.
• 2:58
  It's all happening in an environment where domestically
• 3:01
  in the United States of America, we are suffering from a debt
• 3:05
  crisis that nobody, nobody in terms of our leaders is talking
• 3:13
  about. Sure, you and I'll talk about,
• 3:15
  sure, you and I know how to operate a calculator.
• 3:18
  But obviously our politicians in Washington, DC are challenged
• 3:22
  when it comes to the basic functions of a calculator.
• 3:26
  Let's run out to the US debt clock because that's what we
• 3:29
  like to do. And take a quick look at what is
• 3:32
  going on. As of the recording of this
• 3:34
  video, we're at almost $36 trillion in national debt.
• 3:39
  I think it's a safe bet to say that right now, as you're
• 3:42
  watching this, we are above and maybe even well beyond $36
• 3:48
  trillion in debt. Guys, we are paying almost a
• 3:51
  trillion dollars and interest. And when I say guys, I mean guys
• 3:56
  and gals. I just say guys like whatever,
• 3:58
  you know, with no, no gender associated with it.
• 4:02
  Somebody was giving me trouble in some of the comments that I
• 4:05
  say guys and the the lady female stackers are just as welcome
• 4:10
  here as the men. And we've got a growing number
• 4:12
  of lady stackers. I digress.
• 4:15
  This is a big problem. All these major changes going on
• 4:19
  in the world. The interest expense is growing,
• 4:22
  right? The deficit is growing, which
• 4:24
  makes the debt grow, which makes the interest expense grow.
• 4:27
  That is a debt spiral. It grows and grows and grows
• 4:31
  until it truly is a big, major problem.
• 4:36
  So what we're talking about here, have you ever heard this
• 4:38
  term called a Minsky moment? That's what we're facing.
• 4:42
  Let me, let me, let me give you a description of what a Minsky
• 4:46
  moment is. This.
• 4:47
  You probably heard the term, but just so you know, a Minsky
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  moment is a sudden major collapse of asset values, which
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  marks the end of the growth phase of a cycle in credit
• 5:00
  markets or business activity. What we just looked at on the US
• 5:04
  debt clock is credit markets. OK, 3637 trillion dollars in
• 5:10
  debt is credit is debt. It's all made-up.
• 5:13
  OK. The description according to the
• 5:15
  hypothesis, the rapid instability occurs because long
• 5:21
  periods of steady prosperity check and investment gains
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  check, check encourage a diminished perception of overall
• 5:31
  market risk, which promotes the leveraged risk of investing
• 5:37
  borrowed money instead of cash does not not explain the
• 5:43
  situation we're in here in the United States.
• 5:46
  I think they even talk about the origins of this here.
• 5:50
  The term was coined in 1998 to describe the 1998 Russian
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  financial crisis. They got themselves into a very
• 5:58
  similar situation as we are in right now and was named after an
• 6:02
  economist, Hyman Minsky, who noted that bankers, traders and
• 6:07
  other financiers periodically played the role of arsonist,
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  setting the entire economy ablaze.
• 6:15
  Minsky opposed the deregulation that characterized the 1980's.
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  The bankers, the investors, the gamblers get out of control.
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  But eventually everybody realizes that, hey, all that
• 6:29
  paper, all that make believe, all that risk, all that debt,
• 6:32
  all that leverage is unsustainable.
• 6:35
  Let's go out and take a look at one of our favorite diagrams of
• 6:38
  all time, which came from the Federal Reserve.
• 6:41
  Yes, right. Exter's pyramid.
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  John Exter worked for the Federal Reserve.
• 6:45
  He only died 20 years ago. Remember, gold and silver at the
• 6:49
  bottom are the only forms of real money.
• 6:52
  Everything else on top of that is what we just talked about.
• 6:55
  Synthetic make believe, you might want to call it Unicorn,
• 6:59
  fart dust, whatever. It's not real, right?
• 7:02
  The only forms of real money are gold and silver, and that's why
• 7:06
  they sit at the base of this inverted triangle.
• 7:10
  This is what we are facing. And are we getting warnings?
• 7:14
  Are we getting warnings about this potential?
• 7:17
  For a Minsky moment, let's just run through a few quick
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  examples. Ray Dalio started Bridgewater
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  Capital, I don't know, the world's biggest hedge fund.
• 7:26
  He's the smartest, most successful investor maybe in the
• 7:29
  history of the world. He's warning about the
• 7:32
  unsustainability of the debt. Jeffrey Gunlock.
• 7:36
  He what is a double line investing?
• 7:39
  Another billionaire, another the bond king.
• 7:42
  He's warning about it. Who else?
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  Stanley Druckenmiller, Right? These are the smartest names.
• 7:48
  These are the smartest guys. Google them for yourself that
• 7:52
  you've never heard of, because all that anybody's ever heard of
• 7:55
  is is Warren Buffett and Bill Gates and Jeff Bezos.
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  No, this next level of people, they're the smart ones.
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  We even have Janet Yellen, the head of the Treasury, warning
• 8:07
  about the unsustainability of the debt.
• 8:09
  And we even have Gomer Powell, Jerome Powell, we love him
• 8:15
  himself, who said, well, at some point we're going to have to
• 8:18
  address the elephant. You see it back there, the
• 8:23
  elephant in the room, which is the US debt.
• 8:27
  It really, truly could lead to a Minsky moment.
• 8:30
  Look, I don't have a crystal ball.
• 8:31
  Don't make any investment decisions based on anything I'm
• 8:34
  saying. I'm just a guy in his basement.
• 8:36
  I don't know anything, right? But if you do decide this, I can
• 8:40
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• 8:42
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• 8:50
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• 8:53
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• 8:59
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• 9:37
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  this video. I forgot the most important
• 10:08
  thing. You, yes, you.
• 10:11
  Thank you for being here. Thanks for being part of this
• 10:14
  community, being part of Ron's basement.
• 10:16
  I hope you have a great day and I'll look forward to seeing you
• 10:20
  next time.