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📣SILVER STACKERS 📣 YOU'LL Benefit From THIS 🦍🦍 (Gold Price Too!) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:03
  Yeah, let's talk about. I'll pull up Exter's Pyramid
• 0:05
  here. There you go.
• 0:07
  So at the very tip of This is silver.
• 0:11
  Why Silver is the very tip. You know what, folks?
• 0:14
  Is it possible that we've been lied to and that silver is
• 0:18
  actually more rare than gold? Talk to Vick's weird.
• 0:22
  Anyway, that's not good. That's conspiracy stuff.
• 0:24
  Let's just talk about facts. OK, so our constitution says
• 0:29
  only thing we're using as money is gold and silver.
• 0:33
  What is all this other crap? OK, base money bank.
• 0:36
  Are you seeing this, Ron? Yep, we can see it.
• 0:39
  Bonds. Corporate and municipal bonds.
• 0:42
  OK, non monetary commodities. Derivatives, Crypto currencies,
• 0:47
  crypto derivatives. And let's add another one.
• 0:50
  Synthetic derivatives. Yeah.
• 0:52
  OK. A synthetic derivative is a bet
• 0:54
  on a bet. A derivative derives its value
• 0:57
  from something else. So Ron, you and I are going to
• 1:00
  play blackjack. OK One of us is going to win and
• 1:03
  one of us is going to lose. You got a whole lot of friends.
• 1:05
  I have a whole lot of friends. OK.
• 1:07
  But we're each going to bet $100.
• 1:09
  You with me so far. Your friends are going to bet my
• 1:12
  friends that you're going to win.
• 1:14
  And my friends are going to bet your friends that I'm going to
• 1:17
  win. And they bet $100 million.
• 1:19
  There's a lot of them. You got a lot of friends, and so
• 1:20
  do I. That's what's called a
• 1:22
  derivative. Then you have the investors out
• 1:26
  there. Oh, hey, Ron's group's really
• 1:28
  good. We're going to bet that Ron's
• 1:30
  Group wins. Ted's really good.
• 1:32
  We're going to bet that Ted's Group wins.
• 1:34
  And then those two. OK, which are not you and I and
• 1:39
  not our friends, the people beyond our friends, our friend's
• 1:42
  friends. And they invest, say, a trillion
• 1:45
  dollars. You think I'm crazy?
• 1:47
  No, I'm not. Because the amount of
• 1:49
  derivatives being held by the banks far exceeds their
• 1:51
  capitalization. They're all the banks are
• 1:53
  busted. That's why you're showing that
• 1:55
  there's not enough M2 money supply to cover it.
• 1:57
  So anyway, let's get back to this.
• 1:59
  So what we're going to see is think of all this other stuff
• 2:02
  here as wax, and as this all melts down, it's going to melt
• 2:07
  down away from what it was and into what it should have been,
• 2:10
  which is silver and gold. My perspective on the extras
• 2:13
  pyram. And by the way, John Exter
• 2:15
  worked for the New York Federal Reserve.
• 2:18
  He only died like in 2006. So this is from a Federal
• 2:24
  Reserve member who developed this pyramid and argued in favor
• 2:28
  of it for years and years. But what's interesting to me is
• 2:32
  that the way I look at it is silver and gold at the bottom
• 2:35
  are real, right? We know that they're tangible.
• 2:37
  They're finite. Everything above it, above gold
• 2:41
  and silver are synthetic are make, believe, are based on
• 2:47
  confidence, which starts with the with the three letters CON
• 2:51
  con right. Which is why I like to say
• 2:54
  recently Ted, it kind of dawned on me like why has the United
• 2:58
  States Federal Reserve it. It seems to me that they're
• 3:01
  almost less of a bank and more of a public relations firm now
• 3:06
  and, and and that explains why, because they have to continue
• 3:10
  now with, you know, every week we have 10 Fed governors
• 3:13
  speaking, right? They have to continue with this
• 3:15
  messaging. Prop up the bond market is
• 3:17
  what's going on. And they talk it up so that the
• 3:20
  people that are holding the bonds don't dump them.
• 3:22
  And then the people that don't hold bonds want them, OK.
• 3:25
  But quite frankly, I think that ship has sailed.
• 3:28
  I want to say if if you do want to convert some of your paper
• 3:32
  that's being infinitely created into real metals, do yourself a
• 3:37
  favor. Check out Pimbex Pi MB E,
• 3:41
  xpimbex.com online bullion dealer.
• 3:45
  You know, it's where I get my silver, and many of the basement
• 3:50
  dwellers have joined me there, and I've had overwhelming
• 3:53
  positive response with everyone who's worked with Pembecks.
• 3:57
  If you want gold, silver, platinum, they have it all.
• 4:00
  Their prices are always the best, ultra competitive, their
• 4:04
  selections great, and their service is second to none.
• 4:07
  And of course, thank you to Fortuna Silver for sponsoring
• 4:11
  Ron's basement. You can learn more about them at
• 4:13
  fortunasilver.com and our friends at First Mining Gold.
• 4:18
  You can learn more about them at firstmininggold.com.
• 4:21
  When I look at that pyramid, you know everything synthetic above
• 4:25
  gold and silver, we don't need the whole thing to absolutely
• 4:28
  collapse to see a a big increase in the gold and silver price,
• 4:33
  even if just like you said, it starts to melt.
• 4:36
  That's a good analogy. Or I like to say, if a few of
• 4:39
  the bricks start to fall out of that pyramid, you know a few of
• 4:45
  the derivatives bricks, a few even just a little bit could
• 4:49
  result in a huge value or an event that could create a huge
• 4:54
  repricing for silver and gold for that matter.
• 4:59
  Figuratively, though, Can you imagine what the size of gold
• 5:03
  and silver would be like once these other fake derivatives of
• 5:07
  the dollar go away and meltdown into gold and silver?
• 5:10
  Because purchasing power never goes away, It shifts.
• 5:15
  OK, so we got this big bubble and they keep blowing it up and
• 5:20
  blowing it up and blowing up. OK, but inside that bubble
• 5:23
  again, the the bubble that's being blown is a small little
• 5:26
  bubble and that's the silver bubble.
• 5:28
  And there's only .5% in the silver and the gold physical
• 5:32
  bubble inside this big balloon. Do you follow me?
• 5:35
  Yes. So as the other purchasing power
• 5:38
  shifts from cryptocurrency's derivatives, non monetary, you
• 5:44
  get the picture right? Nonsense.
• 5:46
  OK, That purchasing power shifts into silver and gold.
• 5:52
  You are seeing an epic biblical battle going on right now.
• 5:56
  And I'm telling you, the cause of all this downstream issue is
• 6:01
  the global battle that's happening right now between
• 6:04
  Keynesian economics and Austrian monetary economics.
• 6:08
  It's being battled out, OK, and the BIS is going to lose, but
• 6:14
  what you're feeling right now, you're feeling the depth of all
• 6:16
  the tentacles that the BIS had throughout our society.
• 6:19
  And and there were two terms, I'll be honest that that that
• 6:23
  I'd heard so many times over the years myself, the difference
• 6:27
  between Keynesian economics and Austrian economics.
• 6:32
  Will you explain that to us for, for, for a novice economist, non
• 6:36
  MIT educated economist. Ted, if you will.
• 6:40
  I put my shoes on the way you do too.
• 6:42
  OK, Kansas economics is all about fractional reserve
• 6:45
  banking. OK, so that means that Ron puts
• 6:48
  $1000 into the bank. And if the if the reserve
• 6:52
  liquidity ratio is 10%, meaning that the bank can lend out 90%
• 6:56
  of that, that means that Ron's $1000 gets credit to him.
• 7:01
  But then that's given it a check for $900 to somebody else,
• 7:04
  they're going to borrow that, OK, They're going to borrow
• 7:06
  against this thousand and then that person can deposit another
• 7:10
  90% of that. If the reserve liquidity ratio
• 7:13
  is 10%, that's a little high. OK.
• 7:16
  So what I'm saying is that you can take $1000 deposit and
• 7:20
  create $10,000 liabilities against it.
• 7:22
  Do you follow me? Yep.
• 7:23
  Yep. So it's it's so it's it's almost
• 7:26
  to a certain degree if we if we refer back to the extras
• 7:30
  pyramid, it's a lot of the things that those synthetic
• 7:33
  things that that rest above the silver and gold base is that is
• 7:39
  that somewhat accurate? Yes, yes.
• 7:41
  And I'm not some savant or anything.
• 7:43
  This is, this is what happens in history.
• 7:45
  As a matter of fact, you look, the further you look back in
• 7:48
  history, the more clearly you can see the future.
• 7:52
  OK, Who was that? Yes, Sir.
• 7:56
  Winston Churchill said that. About this The further I look
• 7:59
  back in history, the more clear things become.
• 8:02
  Correct. Yes.
• 8:03
  Uh, huh. So look at these different
• 8:05
  currency notes. OK, look at this one.
• 8:08
  Look at this one. At some point in time, somebody
• 8:13
  exchanged their labor for these notes.
• 8:16
  OK, but who owns them now? And what?
• 8:18
  It's what's they're worth. OK, so let's ask another
• 8:22
  question, since all these Fiat currencies fail throughout
• 8:26
  history. All right?
• 8:27
  Is there a model by which they do fail?
• 8:30
  What do you think the answer is, Ron?
• 8:32
  Yes, yes, yes. So what I'm saying is is, is
• 8:38
  not, is, is not the opium or whatever you want to call it.
• 8:41
  It's not a guess, all right? It's what happens.
• 8:44
  The further you look back in the past, the more clearly you can
• 8:47
  see the future. OK?
• 8:49
  And if you don't hold it, you don't own it.
• 8:52
  Somebody does. Guess who?
• 8:54
  The .5% that own the medal. Look, folks, you're never got
• 8:58
  Ron. You're never going to need
• 9:00
  another chance like this ever again.
• 9:02
  Your parents, your grand, your great grandparents, your
• 9:05
  grandparents, your children, your grandchildren will never
• 9:08
  have this opportunity. We're seeing a shift back
• 9:11
  globally from Keynesian economics, fake Fiat currency
• 9:16
  running around the world right now to asset backed gold and
• 9:20
  silver. And of the two silver's, the
• 9:23
  much better buy because the silver mining ratios are and the
• 9:26
  paper ratios are out of whack. There's so much we can talk
• 9:30
  about because currently the paper ratio between silver and
• 9:33
  gold is like 90 to one. It comes out of the ground at
• 9:36
  7:00 to 1:00, but there's more to that story.
• 9:39
  Of the seven to one that comes out of the ground, 60% is taken
• 9:42
  right off the market and used for consumption.
• 9:45
  So that would make the inverse of that or 2.8 units of silver
• 9:49
  to 1. So if you take an ounce of gold,
• 9:51
  say 2100 keeps math early, easy, OK, And silver is at 3 to one
• 9:56
  OK, you should see an ounce of gold, silver selling for
• 9:59
  $700.00. Not going to take very many
• 10:01
  people whatsoever to wake up and wipe out whatever supplies are
• 10:05
  there. You're going to find the demand
• 10:08
  for even sterling plate or silver plate to go to increase
• 10:12
  as well. They're going to use like,
• 10:14
  what's it called, electrolysis, to remove the silver from the
• 10:17
  substrate. So it's going to get to be that
• 10:20
  valuable and you are going to look back and say, Oh my gosh,
• 10:23
  you could have bought an American Silver Eagle for what,
• 10:25
  31 dollars? Good grief, folks.
• 10:27
  Can't you, man? It's money of your country.
• 10:32
  I I really do salute your genuine desire to help people.
• 10:38
  I know you worked a long time in the financial services industry
• 10:41
  and you kind of started to then learn about the value of of
• 10:44
  metal and the value of real money.
• 10:47
  Thank you so much. Folks, thanks very much.
• 10:50
  Hope you got something out of it.
• 10:51
  Let's do it again.