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Global Finance Forum Powered By Genesis Gold Group |EP448 · The Big Mig Show

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None. The.
1:14
Welcome back to the Big Big Show global finance forum powered by
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Genesis Gold Group, of course with your hosts Lance Miliaccio
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and George Ballantine. From bullion to borders, you
1:23
know, we are your go to source for the cutting edge insights
1:26
into the world of finance. And of course, Genesis Gold
1:28
Group believes in empowering faith driven stewardship where
1:31
gold and silver and integral part of a balanced portfolio.
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Of course, protecting your finance finances with precious
1:37
metals has never been more crucial.
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Join us as we explore the forces shaping global markets, the
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power of precious metals, and the dynamics that influence
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economies across borders. George Ballantine, what's going
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on? Man, you got like you, you, you,
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you look a little styled up here today.
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I don't know what's different. Is there something different
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here, bro? Am I missing something?
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No, I just got a sweater on it. I don't know.
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At least the sweater that's giving you like a little more je
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NE sais quoi there, buddy. I don't know.
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How was your holiday man? It was peaceful.
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It was peaceful. I stayed home alone.
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I sent my mother, my sister, my brother out to the other family.
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I cooked on a day for them to take the food up and that was
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it. I'm done.
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Yeah, yeah, you have kind of easy, but you guys also do the
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the, the Christmas Eve thing, right?
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Don't you have a Christmas Eve kind of a meal with your family?
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Yeah, so you did that. You just didn't do the full
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blown family Christmas Day. Because usually I'd be working.
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They make me work, not make. Well, they don't make me work,
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but I can't just sit there because everybody else is lazy.
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You know, a couple cousins will help out and it's just.
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We'll totally get that before we fire up today's show.
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We got a lot of great stuff for you.
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As usual, this will be your financial weekly roundup.
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We try to get all the details. A little bit of a different week
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because you know, Christmas Eve, Christmas Day, not as much
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activity, but there are a lot of, there is a lot of news and a
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lot of interesting stuff going on.
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Now listen, your bank account could be gone, you know, by
2:55
morning. Here's why this isn't a crazy
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conspiracy. It's about to happen.
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Of course, you guys all know the digital dollar is coming.
3:00
And with that, the government gains total control over your
3:03
money. But it gets worse.
3:05
Countries are hacking into our financial systems right now,
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crippling the US dollar in a way it'll make your accounts vanish.
3:11
This is not, again, some conspiracy theory.
3:13
You can go Google it and go go on Brave or any other platform
3:16
and look. But of course, frozen, wiped out
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monitor control. That doesn't sound very good in
3:20
the government solution. More control, more surveillance,
3:24
more, less freedom. You know that neither George or
3:26
I like that at all. But here's what they won't tell
3:28
you. You can still protect yourself.
3:30
Prepper bars and stacking bullion are your escape.
3:34
These are real, tangible forms of wealth.
3:36
Gold and silver. You can hold trade and trust.
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No government can seize it. No hacker can steal it.
3:42
This is the way to stop the ticking time bomb.
3:46
You need to act now to secure your pepper bars before the
3:49
government rolls out their next move.
3:50
They've got them in stock right now in gold and silver.
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We checked before the show because we wanted to make sure
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before we ran, ran this promotion for, of course,
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Genesis Gold Group. And of course, right now they're
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doing a great special at the end of the year here.
4:02
They just did this. So this is a great opportunity
4:04
to buy some of these right now. If you use prepper, that's the
4:08
code, that's the promo code. PREPPER all caps, you get 10%
4:14
off on the silver prepper bar and 5% off on the gold prepper
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bar. So there's still time before the
4:20
end of the year. Take advantage of that great
4:21
opportunity. Don't wait until your money is
4:23
worthless. You always want to have a backup
4:25
plan. We always tell you better to,
4:27
you know, better to be prepared and not need it than needed and
4:29
not have it. So head over to the big
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migbar.com. That's the big migbar.com.
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And don't forget to use that code prepper all caps PREPPER at
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the big migbar.com. That'll get you your best price.
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And you can use that QR code, a direct link.
4:43
George makes it easy for you. He'd even come over and, you
4:46
know, show you how to do it if you need him to.
4:49
George, if you will, and I'll tell you like I'll say once you
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get it, I'll say break me off a piece of that prep a bar.
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Why not? Can I can?
4:58
Can George live a little bit? Exactly.
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George needs a little bit of that gold prepper.
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So of course, you know, Jacob Diaz and Jonathan Rose had some
5:06
stuff they had to do. They had family stuff they
5:08
committed to. I guess these guys get a full
5:10
week off, crazy, full week off over there.
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Genesis Gold Group. I love what these guys do
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though. I appreciate both of them.
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They've been great, Super helpful to our show.
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All right, look, go ahead. Further, I got a Yeah, my, my
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personal assistant, our brother in arms, Rich Esparza is back.
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He's in the chat right now. We just want to welcome him.
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Wow. You know Merry.
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Christmas Rich, nice to see you. You sent me a Christmas.
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I meant to send you one. I hope things are going well for
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you and your family. Kind of got the slack yesterday.
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My daughter's in town and my mom and my, you know, we had a lot
5:41
going on. It was a little overwhelming.
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So we were doing a lot of running around too.
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We went to some other people's house for Christmas dinner and
5:48
then came back and did another dinner here.
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So we had a lot of stuff going on.
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Well, man. We missed Rich, so yeah.
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Yeah, for sure. He's always great.
5:55
We appreciate everything he does for us.
5:56
So, OK, so here we go. You guys have been hearing
5:59
about, you know, and people have been joking about let's make
6:02
Canada great again, you know, let's make Greenland great
6:04
again, you know, and some other things.
6:06
Trump's been inferring that he's going to take back the Panama
6:09
Canal maybe. And I think he probably should
6:11
based on what they've been doing with it.
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And basically they just turned it right over to the Chinese.
6:15
Not great, really dangerous for us because it would really limit
6:18
a lot of our import export if in fact, the Chinese decided to
6:21
shut down the use of the Panama Canal to the US.
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I'm not saying they're going to, but there, there's a lot of
6:27
concern there. But I'll tell you what's a big
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story that's really starting to gain some traction.
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He he joked around Trump about making Canada an additional part
6:38
of the United States. Well, all of a sudden, this
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thing is really starting to take off.
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As you guys know Kevin O'Leary, you know him from Shark Tank.
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Canadian businessman. He's expressed interest in
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discussing the idea of merging the Canadian US economies.
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He plans to engage in talks at Mar a Lago, suggesting that
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about half of the Canadians might support such a union,
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which I think is great. This includes considerations for
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a common currency, eliminating border restrictions and
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addressing resource security amidst discussions of Canada's
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political instability. Nobody likes Trudeau.
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The Canadian people don't like him.
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I'm surprised, of course. I'm sure he cheated to get
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reinstalled, but George, what do you think?
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Make Canada great again? Are we ready?
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I was just going to say that you took the words out of my mouth.
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Damn I took a look. I took your line bro I hate when
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I did. I just tagged your line.
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That's all right. I'm used to you doing that
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stuff. But how about this?
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How about make Canada part of the US and it will be great
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again. I think they've got the largest
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fresh water supply in the world. If I'm not.
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Mistaken. They got the pipeline they got.
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Incredible natural resources. I love the Canadian people
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without Trudeau. I think they're great people.
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They're great, you know, great culture.
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You got to love Montreal and the nightlife there.
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I'm all about it. I say let's rock'n'roll baby,
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let's make it 1. Big North American union right
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there. Although some people like
7:59
Canadian bacon, I do not. That's I'm.
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Not I like Canadian bacon. I like it well.
8:03
I I do know my. Wife likes Canadian.
8:04
Bacon. I like US bacon.
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You know, it's interesting, my wife said that when she grew up
8:08
in Africa. The bacon, the bacon, The long
8:11
strip bacon comes with the Canadian bacon attached to it,
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so it's like a double bacon whammy.
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Rich is going to like that one, yeah.
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I mean, it's pretty cool. I just.
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It's not like I don't hate it, I just prefer the regular our
8:23
bacon or Canadian bacon I. Don't know why, of course.
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All right, let's play this clip. This is Kevin O'Leary talking
8:29
about it. I don't think Trudeau likes the
8:30
idea because he could be out of a job.
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If that happens, let's rock and. Roll Trudeau's on his way out.
8:34
There's no confidence in him no more.
8:36
He's done. Yeah, he's gone.
8:39
I think he's the love child of Fidel Castro anyway.
8:42
I think there's a story there. A lot of people think that's
8:44
true, yeah. Wonder what would be next for
8:47
him? Because he's young, you know who
8:49
knows? Who cares?
8:49
What's next for him? I don't know.
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He could probably get a job at a fast food restaurant.
8:53
You. Don't need to, he got so much
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money embezzled off of Canada and everything else so.
8:57
Yeah, no kidding all. Right, let's play it.
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There's 41 million Canadians, basically the population of
9:02
California, sitting on the world's largest amounts of all
9:06
resources, including the most important energy and water.
9:10
Canadians over the holidays, the last two days have been talking
9:13
about this. They want to hear more.
9:16
And so, you know, there's obviously a lot of issues, more
9:18
details, but what this could be is the beginning of an economic
9:21
union. Think about the power of
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combining the two economies, erasing the border between
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Canada and the United States and putting all that resource up to
9:29
the northern borders where China and Russia are knocking on the
9:33
door. So secure that, give a common
9:35
currency, figure out taxes across the board, get everything
9:39
trading both ways, create a new almost EU like passport.
9:44
I like this idea and at least half of Canadians are
9:47
interested. The problem is the government's
9:50
collapsing in Canada right now. Nobody wants Trudeau to
9:53
negotiate this deal. I don't want him doing it for
9:55
me. So I'm going to go to Mar a
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Lago. I'll start the narrative.
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The 41 million Canadians, I think most of them would trust
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me on this deal. You know what?
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I'm interesting. You know what?
10:05
I'd like to see Kevin O'Leary, AKA Mr. Wonderful in a debate.
10:11
But you know who on the Shark Tank?
10:13
I don't like Mark something. What the hell is his?
10:16
Name Mark Mark Big Mouth Cuban. Yes, Mark Cuban, Because, you
10:20
know, they're like total opposites when it comes to
10:24
what's going on. You know, O'leary's more of a
10:27
conservative. He's talking about tax cuts.
10:30
I know that's got the Canadians interested and maybe Canada
10:32
potentially 51st state. We'd love to hear what you have
10:35
to say. Put it down in the chat or
10:36
direct message to George and I on X.
10:39
We love when you guys do that. You can always send us Adm and
10:42
tell us what are your thoughts. We want to have some of that
10:44
because we love to get snapshots of that.
10:45
Put it on the show. We're going to be doing some
10:47
more of that, engaging with the audience a little higher level.
10:50
We got some great stuff too. Don't forget tonight Enoch is
10:53
going to join the regular Big Mink show.
10:54
Do not forget that Enoch. And if you guys know him, he's
10:57
got a big following, interesting character.
10:58
Enoch has a lot of good. News A lot of people know him by
11:01
Enoch's News Blast. Yeah, yeah, of course, of
11:03
course. But he's going to be joining us
11:05
tonight on the Regular Show. So don't forget and don't forget
11:07
on you want to be paying attention because on Monday
11:11
we've got a great show. We've got a member of Delta
11:14
Force joining us. That's an interesting.
11:16
You can check it out. I'll be posting again.
11:18
I'd made a mistake. I thought it was last Monday.
11:20
I was so excited about the interview.
11:21
This guy's really interesting, served in a lot of different
11:24
ways in our military special OPS and I think you guys are going
11:27
to want to hear what he has to say.
11:29
Definitely a Shawn Ryan esque style of interview.
11:32
Going to be really interesting. Lots of great content.
11:35
He's got a lot of thoughts and a lot of knowledge about what's
11:37
going on inside our military currently, so don't miss.
11:40
Go. What do we got?
11:42
Bully on the borders, baby. Your wrap up for the week.
11:45
Let's talk about Russia and what they did.
11:47
George, tell me about this Bitcoin in Russia.
11:50
This is a big story, man. It is because Russia is trying
11:55
to circumvent, you know, like sanctions and stuff like that.
11:58
And what do they do? They incorporated Bitcoin and
12:02
for international transactions. I mean, listen, it's a smart
12:06
move. Kudos to Putin for doing it, but
12:10
he's by he's just bypassing all the financial sanctions by doing
12:13
this. I mean, if I, if it was my
12:15
country, I would do the same thing.
12:17
Why not? You know, he what you know, if
12:20
you look at Putin and Russia, they were like, they weren't so
12:22
much for Bitcoin, but now guess what they are.
12:26
What's it going to do? Is it going to drive Bitcoin up?
12:28
Is it going to hurt it? This is the questions.
12:30
But you know, let's let's face it, Russia's, they've been
12:33
experiencing difficulties in trade with his main partners,
12:36
you know, with China, Turkey from all these sanctions, right?
12:41
But if you got to circumvent them, do what's best for your
12:45
country, can't be mad at them. But like, you know, I look at
12:49
this now. Will America try to put more
12:52
like regulations on crypto and Bitcoin kind of stop Russia?
12:57
This is the question like I look at it like.
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Well, here's what I'll tell you, Russians finance manager, you
13:03
know, his name is Anton Silanov, Sila Sila Salut.
13:06
I know. I believe it's how you pronounce
13:08
it. Might have butchered that.
13:09
He's always been a little pro crypto.
13:11
He's believed in it because he always thought it was a great
13:13
tool to evade, you know, financial sanctions.
13:18
They made concerns over the impact on global financial
13:20
systems and the dominance of the US dollar.
13:22
We know that's why they've been looking at bricks.
13:24
This is just another step to make sure that the US can't use
13:28
the power of their sanctions to control different governments
13:31
around the globe. And that's really one of the
13:33
issues that all the BRICS nations have.
13:35
They don't like when these different countries, when the US
13:40
uses its sanctions to facilitate manipulation of the governments
13:45
that are in play. We know that Russia experienced
13:48
a lot of difficulties with trade with a lot of its with its main
13:51
partners in China and Turkey due to all those impositions of
13:54
those economic sanctions. So banks in those countries are
13:57
being cautioned about conducting transactions to avoid attention
14:00
from western regulators. So they have to kind of run
14:02
under the radar because if they get up and they're doing
14:04
business with some of the countries that are on the list,
14:07
of course, here come the sanctions, next thing they've
14:08
got a problem. So being able to make payments,
14:11
cross-border payments in cryptocurrencies like Bitcoin or
14:14
Ethereum or XRP, it's a great, great opportunity for this
14:17
country to avoid and evade what the US is trying to do to
14:21
control them. Let me give you one of the
14:22
quotes by Silanov. As part of the experimental
14:26
regime, it is possible to use the bitcoins we have mined here
14:29
in Russia. Such transactions are already
14:31
taking place. We believe that they should be
14:33
expanded and developed further. I'm confident that this will
14:36
happen next year. You know, the Bitcoin mining in
14:39
Russia is kind of a big deal there.
14:41
In China, you know, there's where a lot of the Bitcoin
14:43
mining is going on. They've built up a reserve.
14:45
I wouldn't be surprised also find out that they're going to
14:47
continue because they do own some Bitcoin.
14:50
The Russians, they've been kind of DL about it, but I did some
14:52
research and they do own some and I wouldn't be so surprised
14:55
to see them acquire more. So that could mean that
14:59
Bitcoin's going to get bigger and bigger.
15:01
I don't know. What do you think, George?
15:02
Is Bitcoin going to get more? Are more countries going to be
15:05
acquiring Bitcoin like we've heard?
15:07
We see corporations. Rumble just did it.
15:09
We're on Rumble right now. Chris is doubling down on
15:12
Bitcoin, $20 million investment. And now Tether gave Rumble a
15:15
$775,000,000 investment. I think we're going to see more
15:19
of corporate America jumping all the way in on on crypto.
15:22
I prefer Rumble and on other countries to invest in XRP.
15:27
That's just me. I think XRP has got a stronger
15:30
holding and and for the long run it's good.
15:33
But you know, Lance, this just brings us to our next story with
15:36
Bitcoin because it's ironic that Bitcoin sees 14 billion, 14
15:41
billion in options expire. What is going on?
15:46
I don't this this is like is it? I mean, I don't understand how
15:50
they let the auction options expire.
15:52
I don't know if it's good or bad thing, but you know, it
15:55
represented a watershed moment in the cryptocurrency industry.
16:00
I mean, yeah, that could generate a lot of market tremors
16:02
or a lot of market instability. Yeah, I think it's so for some
16:05
of the audience that may not understand options, they'll just
16:06
give you options. They're contracts that enable
16:08
investors to buy, call or sell, which are so call options, you
16:12
know, buy options or calls and sell options or puts.
16:15
So Bitcoin at a predetermined price before it expires.
16:18
And that, you know, the, the, the size of this expiration
16:21
event raises a lot of concerns about Bitcoin.
16:23
Short term price direction, higher volatility is expected as
16:26
traders adjust, you know, are going to adjust their positions.
16:29
That's just normal. You have to you have to think
16:31
about that. And there's a lot of key data
16:33
from the exchanges about the put to call ratio for expiring
16:36
options. It's right now it's sitting
16:38
about 0.69. Of course, that suggests
16:41
predominance of call options, indicating a bullish sentiment.
16:44
So a lot of those options are clustered around that $100,000
16:47
strike price. We know that Bitcoin just went
16:49
past that, you know, and it's been it's been going from like
16:51
96,000 all the way up, I think to 108 or 109, indicating a lot
16:56
of traders expect Bitcoin's price to continue to rise.
16:59
So and that's not surprising. But of course, when you, when
17:02
you, when you take a a loss of 14 billion on those options, on
17:06
those execution prices, that's a big deal.
17:08
And I think stablecoin dominance recovers, you know, and market
17:12
commentators have raised a lot of risk as far as the price
17:14
corrections on Bitcoin. We're seeing that I think the
17:18
big stuff that's going on in the cryptocurrency.
17:20
And I and I think when you start talking about things like this,
17:22
which that phenomenon we just described, that's called Max
17:25
Payne for people. I don't know if you've heard
17:27
that term before, but it's a big deal.
17:30
So when you see large scale expirations like that, you have
17:32
to start looking at the crypto market and saying wow, there are
17:35
some very heavily invested big institutions in Bitcoin,
17:40
Ethereum. I also see a lot of accumulation
17:42
and a lot of, you know, I would say market and community pump on
17:48
XRP. Everybody's talking about the
17:50
utility XRP, they're talking about the use, they're talking
17:53
about the new XRPRLSUD, which is a big deal.
17:57
I think you have to proceed with caution, but I think if you
17:59
don't get on top of the crypto market and you don't start
18:02
educating yourself because it's like they're learning a new
18:04
language. George and I have been deeply
18:06
entrenched in it because of course, you know, we have the
18:08
new show coming up very soon, the Crypto Power Hour that is
18:12
also going to be on Rumble. We're hoping to maybe partner in
18:16
a bigger way with Rumble. We'll let you know as that moves
18:18
along. It might be an opportunity, but
18:19
the point is that that what we're seeing is a lot of that
18:23
where the markets, if you look at the media, there's a lot of
18:26
push on gaming and crypto, but you have to realize it's a young
18:30
man's industry at this point. Most people that are into
18:32
gaming, George and I, I know George, you're not really a
18:34
gamer, right? You never really did any gaming,
18:36
did you? When I was a kid, I had Atari.
18:39
Yeah, yeah, but I you know the old gaming stuff, but I'm saying
18:42
the new stuff, you know the new. GTA.
18:45
And you know so. Let me rephrase.
18:47
So I was busy living life, having a good time, working,
18:50
going out, partying and all that instead of being by myself
18:53
playing a video game and talking to other people.
18:55
It just wasn't my thing. I don't know but but I was good
19:00
at Atari back then. Yeah, well, I did a lot of the
19:03
the studio gaming, you know, you went a lot and you paid
19:05
Centipede and Asteroids. Those were those weren't
19:07
initially in home and then they came in home.
19:09
They started to generate at home.
19:11
But joystick? Atari joystick with the red
19:13
button. No doubt.
19:14
But here's the deal. You know, you look at somebody
19:17
like Elon Musk, younger guy, he's really into Fortnite as an
19:20
example. The gaming thing's going to be
19:21
big, but the crypto media thing is going to be colossal.
19:25
We've done a lot of analysis. We've talked to Rumble about it.
19:27
We've talked to some other institutions about it.
19:29
We've talked to some people that are building new platforms that
19:32
are going to be available soon. The big push is quality, you
19:36
know, flagship crypto shows and that's the plan with the crypto
19:40
power out. That's what we'll be doing.
19:41
We'll be talking about that more, but you have to look at it
19:43
in summary to what we're talking about this $14 billion Bitcoin
19:46
options expiration that really demonstrates the import, the
19:50
growing importance and I think it's going to be huge of
19:52
derivatives in the cryptocurrency industry.
19:54
Those derivatives are going to become more and more important.
19:56
They're going to be more and more relevant.
19:58
It's just like the the Efts and everything else that's coming up
20:01
in short term contracts and intercountry transactional
20:05
because what we're seeing is that SWIFT system is going to be
20:07
replaced by crypto really. If you you should do some, I'm
20:10
going to give you something. I'll give you guys some
20:11
homework. I want you to Google ISO 20022
20:17
and look at the coins that are approved for that vertical and
20:20
study what ISO's going to do because it's really a kind of a
20:23
replacement system. Of course, it's going to run in
20:26
joint to begin with, but you're talking about the SWIFT system.
20:28
ISO's going to be the future. And when you look at the coins
20:32
that are in there, Bitcoin and Ethereum are not in the ISO
20:34
20022 initiative. You've got algo algo, which is
20:39
Algorand. You've got H bar, which is
20:40
heteroh, you know, H graph. You've got XLMXDCXRP, which of
20:46
course is a Ripple coin, you know, and you've got MI OTA.
20:49
So you're looking at a much, much very specific group.
20:53
And I think all those are a great opportunity.
20:54
And remember on this show, nothing we tell you is financial
20:57
advice. Everything we're just telling
20:58
you is information. We won't because we always
21:00
promote you guys educating yourself, whether you're on the
21:03
regular show at the Big Make or you're over here at the Global
21:05
Finance Forum. And we'll do the same thing over
21:07
at the Crypto Power Hour. We're always going to tell you
21:09
to talk to your financial advisors and move from there.
21:11
So George, I think that, you know, people have to educate
21:13
themselves moving forward. I don't think you can just
21:16
expect, Oh well, the dollar is going to be OK.
21:17
Now we're going to have a digital currency.
21:19
They aren't going to produce the dollar.
21:20
Hopefully we're going to get rid of the Federal Reserve is what
21:22
I'm hoping. I'm hoping Rand Paul will
21:24
influence Donald Trump and Ron Paul to dump and the Fed baby
21:28
and the Fed George Go. So yeah, 100% and the Fed, it's
21:31
inevitable that we will be going to digital currency.
21:34
It's a matter of when. But here here's as much as a lot
21:38
of people are against it and let's face it, if we didn't have
21:40
to, I'd be, you know, we don't use it, but we're going to.
21:43
That's where we're going. So if the good guys can get
21:45
ahead of it and actually have influence in it, we can kind of
21:50
get, you know, keep the bad people from taking over with it.
21:54
That's the goal right now. That's our goal.
21:56
That's a goal with our other partners, Solon Global.
22:01
So, you know, it's a work in progress and and that's, that's
22:05
the end game right there. And, and you guys heard their
22:08
announcement last week, Solon Global is expanding their
22:11
offerings for conversion into IRA and, and as far as I know.
22:14
That's Genesis gold. Genesis Gold.
22:17
Yeah, I'm sorry, not so long. Gold.
22:18
Genesis Gold. You're right.
22:19
Genesis Gold Group, you heard the announcement last week.
22:21
They've got a new product that's that they've already gone
22:25
through all the legal regulation that you're going to be able to
22:28
invest your IRA money and crypto in a safe and secure system.
22:33
They're teaming up with a company and they're they've got
22:35
a great, great organized plan moving forward.
22:39
We're going to be talking about that more and more.
22:41
But it's a way for you to get into the crypto market without
22:43
having to manage it yourself. You can hire them to do it.
22:46
They're using AI to get the highest rate of returns they
22:49
possibly can. It's going to be an amazing
22:51
product they've already got to put together.
22:52
They think they're going to be rolling out in the next 2-3
22:54
weeks, so it's definitely worth checking.
22:56
This is not an infomercial. It's a great way for you to
22:59
invest without having to manage it yourself and get an
23:02
opportunity to have some exposure to crypto because let's
23:05
face it, you know, had you invested in Bitcoin, your IRA
23:07
would be looking super sweet right now.
23:09
Had you invested in Theorem and if you invested in XRP.
23:12
Now, I think in the beginning, George, if I'm not wrong and you
23:14
tell me they're only going to be doing Ethereum and Bitcoin, am I
23:17
right about that? Those are the only two that are
23:19
going to be. Offered to begin with, I believe
23:20
so. And this is not operational yet.
23:22
It'll be sometime in January. But yeah, on a conservative
23:26
side, the average return, this is conservative is 60% on, on,
23:32
on, on that. So wow, that is huge.
23:35
That's where like, you know this, you know, develop the
23:38
right programs, algorithms and software, I mean.
23:42
And Donald Trump has been talking about excluding to
23:46
taxation, you know, the primary coins.
23:50
So I think that's going to include the ISO 20022 coins,
23:53
maybe Bitcoin and Ethereum again.
23:55
You know what's going to happen. Hold on.
23:57
So by him doing that, you know what they're doing?
23:59
They're pushing everything to the digital currency.
24:02
Of course, but why wouldn't people want their wealth to grow
24:05
tax free? Yeah.
24:07
I mean, it makes total sense, right?
24:09
Yeah, I mean. You know, so if you, I don't
24:12
want to pay taxes, yeah. Who does?
24:14
I mean, especially the way they waste the money.
24:16
It's it's brutal. All right, let's let's switch
24:18
gears here a little bit. If you guys are paying, we
24:20
always want to talk about some of the currencies.
24:22
You know on this show, we're going to cover some bullion,
24:23
we're going to cover currencies we're going to cover crypto,
24:26
Wall Street and whatever other topics are matter, including
24:28
global government decisions and affect your finances.
24:31
George, I'm. Sorry, I wanted to bring up
24:32
something before we step into the next release.
24:35
So if you all look at this year, so you look at Bitcoin, you
24:38
remember when it was like hitting 60,065 thousand for a
24:43
while, then it dropped to 30,000, everybody thought it was
24:45
going to tank and. It actually dropped to 16 at one
24:48
point. Yeah, so and look at it now, it
24:50
hit over 100. You know, it's fluctuating
24:52
between high 90s, mid 90s to in the hundreds.
24:56
But I mean, it's here to stay. Well, here's an interesting
24:59
observation. There are only 21 million
25:02
bitcoins, but that's based on the total amount that were
25:05
printed. That is not based on what's
25:07
available because even the the, the wallet Satoshi Nakamoto is
25:11
still in control of, you know, we covered that on the regular
25:13
show. If you want to hear who we think
25:15
it's Paul LaRue is, who we think Satoshi Nakamoto is, there's a
25:19
lot of compelling evidence. Of course, that wallet and that
25:22
e-mail went dead right when Paula Rue got indicted by the
25:26
federal government here in the US.
25:28
He's now being held here in the prison system here, although it
25:30
doesn't indicate what prison he's in.
25:33
That seems to often change. I think it probably means that
25:35
he's cooperated or working with the US government.
25:38
But here's the point. That wallet holds 111 or $112
25:42
billion in Bitcoin. If that wallet never comes back
25:46
to be, that means there's less Bitcoin than people think.
25:48
You've also got that gentleman that made a mistake and threw
25:50
his wallet into a landfill, into the trash.
25:53
It ended up in a landfill. That wallet I think is worth
25:56
somewhere in the neighborhood of seven or 800 million now.
26:00
And he can't get access. The city that owns the landfill
26:02
doesn't seem to be motivated. And I don't know if I've got the
26:04
numbers right, but he lost that wallet.
26:06
So anytime you lose control of your wallet, that's why one of
26:08
the most important things for the audience is learn you know
26:11
how to control your your crypto. So if you've got an active
26:14
wallet, that's your trading wallet you may have.
26:16
And I can tell you this that George and I have multiple
26:17
wallets because that's the way this stuff works.
26:20
One wallet is not enough. And then of course, you've got
26:22
to have a cold storage wallet, that's what.
26:25
He lost his cold storage wallet, right?
26:28
Well, Satoshi, we don't know what.
26:29
He no the guy in the landfill. Yeah, that guy actually didn't
26:32
have a cold storage wallet. He had all the information on a
26:35
hard drive because cold storage wallets weren't even available
26:38
in that period. Now you've got a cold storage
26:40
wallet, but you've got to keep your seed phrase, which is your
26:43
password. And those seed phrases.
26:45
Let me be clear to the audience, you cannot recover those if you
26:48
lose them. So you have to have redundancy
26:51
in how you have them stored. You sure don't want to store it
26:52
all on your computer, but that's why they come up with cold
26:55
storage wallets like the Ella Pal wallet as example.
26:58
And for the audience, we're trying, we're going to try to
27:00
set up a meeting with Ella Pal. We've got an idea that we want
27:03
to do some kind of partnership with them where you guys can get
27:05
a discount on the Ella Pal cold storage wallet comes with, you
27:08
can get these little hard metal seed phrase cards.
27:11
And so we'll be talking about that further.
27:13
Hopefully that's going to go, but we want to cover some
27:15
currency stuff. I don't know if you guys have
27:16
seen this. Always the LFL wallet would go
27:19
great with my quarter Bitcoin from from Genesis.
27:24
Yeah, Yeah, that those, those good.
27:25
They're like peanut butter and Jelly right there.
27:28
Bitcoin and cold storage. OK.
27:30
So look, currency, euro, you guys always watch the euro, it
27:33
usually sits a little stronger than the dollar, but you've seen
27:35
the destabilization in, in, in what's going on in Europe.
27:40
But so euro dollar sitting what, what I would consider pretty,
27:44
you know, pretty good compared with the, with the future of the
27:46
dollars. It's sitting at dollar four to
27:48
the dollar. So you're getting a dollar four.
27:50
You have to give in the US dollar to match €1.00.
27:52
But that's, I think the, I think the control is heading into 2025
27:56
and I think the dollar is going to be the bull.
27:58
That's a flat line from the euro, which is kind of not
28:02
normal as you guys know. So we're going to have to watch
28:04
what happens. I don't know if those rate cuts
28:06
are playing into a vital role in this valuation.
28:09
And, and I think the way that the euro is hugging that flat
28:12
line dollar amount, I don't think we're going to see too
28:14
much exciting stuff out in there.
28:15
And if and if NATO and Europe continues to get divisional,
28:20
there are quite a few countries that are not happy about what's
28:23
going on, tired of getting jerked around, They're tired of
28:26
the euro. I don't know.
28:28
We could see more changes there. George, what do you think?
28:32
With the euro. Well, if they if, if countries
28:36
decide they don't want to be part of the euro any longer,
28:39
where does that put them? And what do you think the
28:42
effects will? Because a lot of people are
28:43
predicting the US dollar with Trump is going to go through the
28:46
roof. I'm hoping that nobody wants to
28:52
be part of bricks, but we'll see with the US dollar.
28:56
I mean, I don't have. I'm not putting my hopes up high
29:00
because let's face it, our government still spending money
29:03
are the Republicans will have control, but they have a hard
29:06
time governing. Governing.
29:08
I mean, it's going to be disastrous if they can't vote
29:12
for speak of the House and then not be able to confirm the
29:19
election on the 6th. I mean that's just going to make
29:23
look disastrous. And I can tell you the other
29:24
side is just going to be looking at it laughing and using it to
29:27
their advantage. So if if they come out of the
29:33
gate strong and Doge starts making cuts, then I think our
29:37
dollar is going to start Jack skyrocketing.
29:42
It needs more than just Trump. There has to be other integrals
29:47
in it. And I think Doge, once they see,
29:49
if you look at, let's say the way Miley's doing it, but and
29:52
take a playbook out of that, we have a chance like Art, we can
29:56
bring that dollar backed up where it used to be like in the
29:59
80s used to go to other countries dollar bill, people go
30:02
crazy. They want it.
30:03
Now they look at that like, what is that shit?
30:05
Get that? Out of here, well, this you got
30:07
to look at that. We're getting ready to sign off
30:08
on what I would consider a brutal year when it comes to for
30:12
the euro. This is a 5.7% loss in currency
30:16
valuation, which is big, right? And I think it's even more
30:19
worrying. I don't think there's any
30:20
material reason to hope for growth next year.
30:22
So listen. All right, listen.
30:24
You know what that music means. We're going to take a short
30:26
break here on the Global Finance Forum.
30:28
We're going to be back shortly with George Ballantine and Lance
30:31
Miliati, your host. When we come back, we're going
30:33
to start talking about stock markets.
30:35
Nice finish to Christmas, the week high, finally a comeback
30:38
from that 10 day loss period. Things are looking pretty good.
30:41
I don't know where it's going to look at the break at the
30:43
beginning of the year. That'll be interesting to see.
30:44
We're going to, so stay tuned. Don't go anywhere.
30:46
The Global Finance Forum. We'll be right back.
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Milgi. Theyaccio are Genesis people
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there on vacation. He gave me a little time off.
34:30
You know, everybody gets to have some.
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34:44
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The last four years has come with so many uncertainties.
34:50
I don't know, is red hot flash going to continue the fence?
34:53
What do they want to do, drop a point here?
34:54
Drop 1/4 point? What's that?
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Do they just keep printing trillions of dollars?
34:59
Just a few short years taxes has been going up and the government
35:04
is busily funneling money half its budget into the military
35:08
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35:11
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Check it out. If you go to the site, you have
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Make it easy. Look the numbers even on the
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And we're educating all. Right.
36:52
Anyway, it's going to be easier as you roll to their house and
36:54
you dial the number for them. George, That's it.
36:55
And Speaking of the stock market, is it going to finish in
36:59
a Christmas week high, Lance? I don't know.
37:01
The US stocks, they've been running slightly elevated for
37:04
the Christmas week, right? The NASDAQ composite emerging as
37:07
the index to benefit the most from increased trading.
37:11
So we all know that a lot of people go shopping, they spend a
37:13
lot of money during Christmas time, right?
37:16
We'll see. No doubt there was limited
37:18
trading throughout the week also.
37:20
But here's the thing. We're expecting an uptick for
37:24
Friday as trading begins. Well, it's 3.
37:28
And right now they're down 555 points, so it doesn't bode well
37:32
for for what they were hoping for.
37:34
If you look on the screen, you see the on the bottom ticker,
37:37
you see a lot of negative, red, negative red.
37:40
That's telling you what's going on in the market.
37:42
You know the other ticker is mostly precious, all precious
37:44
metals, so. Yeah, you can always, you always
37:49
count on us to run those tickers and those are live tickers.
37:51
So you get up to date live training.
37:53
So of course we were up about 1000 points after that route of
37:56
10 days of bad, bad trading by, of course, high volume, but
38:01
numbers just going down. I think the larger picture is
38:04
promising when you consider the total movement for the week, but
38:07
promising right now it doesn't look too good with a with a drop
38:10
of 555. So that's, I think we're going
38:14
to have to just wait and see. Nasdaq Composite Index gained
38:17
around 4.2% in in December. I don't know where we're at
38:20
today. George, how's the NASDAQ looking
38:21
today, Do you know? The NASDAQ let.
38:25
Me. See, I'll just pull it up.
38:26
I. Don't know.
38:26
They're saying it's everything's taking a dive today, but.
38:30
The NASDAQ, yeah, well, the NASDAQ, let's see here.
38:33
If it's any different. I want to see here really
38:35
quickly today. Let's see what today's numbers
38:38
are. Just want to get it for the
38:39
audience today. Let's see.
38:41
Today. Let's see here.
38:46
Yeah, it's down 454 points. It's at 19565.
38:51
So it looks like we're going to have another downward trend.
38:53
Hopefully that doesn't hold through the end of the year, but
38:55
it might. People might be just trying to
38:56
lock down their gains they got for the rest of the year and not
38:59
taking any chances. Of course, there's a lot of
39:01
uncertainty. There's been some rumors that
39:04
Joe Biden may step down. I don't know if that's
39:06
authentic. We're not sure yet.
39:09
A lot of people are saying that that would be frightening for
39:12
the financial markets because that would give an awful lot of
39:16
short term power to Kamala Harris.
39:19
Because if Biden did step down because of his health and his
39:21
dementia, then the question is what would happen?
39:25
What do you think, George? You think it's likely he'll step
39:27
down, and you think he's going to hold tough and sleepy.
39:32
That's interesting. I think he's going to hold, he's
39:35
not going to. I mean, if he if he would have
39:39
stepped down that it just it just puts into perspective that
39:42
all his decisions were not really made by him and
39:46
technically can be reversed then.
39:48
So if you look at just like for instance, is pardoning on his
39:51
son, he's not in a rape front of mind, then who's doing it?
39:54
And he shouldn't be doing it because it's only reserved for
39:56
the president. So if he can't, if he's been all
40:00
this diminishing decline in his mental capabilities, I don't
40:06
know. I so I think he's going to hold
40:07
they're going to hold him out just for that reason.
40:10
So we'll see. I mean, I could be wrong.
40:14
Won't be the first time, but. Well, you know, they're
40:17
reporting that US holiday sales, retail sales were up from last
40:22
year, but last year was so lackluster.
40:23
I'm not sure that that's going to really bode well for the
40:25
market. I don't know what's going to
40:27
happen. So once again, diversification,
40:30
safety, those are important things.
40:31
Depending on your age, the younger you are, the more risk
40:33
you can take. Of course, a lot of people that
40:35
watch this show are in a different demographic.
40:38
They're fairly financially well off.
40:40
They're older, well educated. So we get a lot of that on this
40:43
show. So we'll have to just wait and
40:44
see. Silver price forecast, I'll
40:46
switch it up here, George, we're wondering, everybody's wondering
40:50
about the $30.16 resistance is does it look like we're going to
40:55
breakthrough and trigger a breakout?
40:57
There's a lot of resilience. We've seen so far where the
41:01
trading is at up, it's up market consolidated for a while there,
41:05
that consolidation point would have been a pivot point at
41:07
around $29.79 an ounce. And of course, it's it's got a
41:12
dual role. Silver, you have to remember,
41:13
it's a safe haven and of course industrial asset because it's
41:16
focused amid ongoing geopolitical tensions and global
41:19
economic uncertainties. There are governments
41:22
accumulating silver along with gold and their reserves, not
41:24
only bricks, but other nations because again, the technical
41:27
uses for silver, you have to look at the military uses and
41:30
the need for it. And of course, we've seen that
41:32
new EV technology for batteries. You've heard us mention on the
41:35
show the Samsung technology, but we think there's going to be
41:39
high demand for that. So what do you think
41:41
geopolitical risks and dollar impact on silver prices?
41:44
Where do you think we're going to see is silver going to have
41:45
steady performance, George? Silver, come on, it's of course
41:50
it's going to be it's listen Silver, we were just talking
41:55
about it, right? The forecast is showing like to
41:58
be $30.16, but there's too much going on with Silver like you're
42:03
saying to EV batteries. There's I mean, I think he's
42:07
going to, it's going to, there's going to be a breakout.
42:10
It's, you know, could happen tomorrow, could happen next
42:13
week, next month. But you can't go wrong with it,
42:16
just like you can't go wrong with gold.
42:18
When have they, when have anybody really lost money in
42:21
silver and gold? Like really lost money?
42:24
They haven't, it's not one of those things where they have
42:27
lost money at the end of the day, the long term play on it
42:30
stacking some both George and I have some just isn't it just is
42:33
some information for you. We hold on to it because you
42:36
just never know, right. You want to have some kind of
42:37
security at your home and the ability to make sure you're
42:40
covered. But Silvermate, you know, I
42:42
think it's going to benefit, you know, because it's obviously got
42:44
a critical role in clean energy technologies.
42:47
Of course, electronics and military industrial complex.
42:51
And I think the Global Clean Energy initiative, although I
42:53
don't agree with all of it, is it is expanding.
42:56
We're seeing that industrial demand for silver is continuing
42:59
to rise. And of course there haven't been
43:01
a tremendous amount of new silver reserves.
43:03
We did see some recent announcements out of El Salvador
43:08
that they are sitting on trillions of dollars in gold,
43:11
but I haven't seen that that same kind of reporting on
43:13
silver. I haven't seen new mining
43:14
reserves popping up. And of course, with that limited
43:19
new development, meaning new resources, what's ahead for
43:23
silver? I think you're going to have to
43:24
watch closely US economies that you're going to have to watch
43:26
that data really close. Of course, the strong U.S.
43:29
dollar is always going to put some pressure on the price of
43:31
silver, but it's the geopolitical risk that I think
43:34
is raising across the country and you have to pay attention to
43:36
that. And those developments could
43:39
really drive silver's near term direction.
43:42
So it's important to pay attention to what's going on
43:44
politically so. We just you brought up, you
43:47
know, about President Biden, Kamala, and actually thank you,
43:51
dad at 12 for your donation. And they said just to pardon Joe
43:54
Biden, right? Kamala as president, second,
43:59
first woman president and then first Indian or well, she ain't
44:03
black, so we'll say Indian woman president.
44:06
So you know what, the Dems could, you know what?
44:09
I could see a slick move like that now thinking, yeah, she'll
44:12
just pardon Hunter anyway, right?
44:15
What does she care? You know, I think that'll be
44:17
part of the deal. If Joe does agree to step down,
44:20
I'm sure he's going to lock and load on all his pardons.
44:22
There's stories that the guy that used to run the Silk Road
44:25
is getting a pardon and imminent from Joe Biden.
44:28
I'm not sure what the basis of that is, but yeah.
44:30
Yeah, there's a lot of a lot of stories.
44:31
I heard a story last night. That was supposed.
44:33
Wasn't that supposed to be from the libertarians with Trump?
44:37
All I can tell you is that Joe Biden is talking about pardoning
44:41
him. There's talks behind the scenes
44:43
and I got it from a really good source, so it appears that that
44:46
might be imminent. How about pardoning Edward
44:48
Snowden, man? Yeah, I don't, I don't think
44:51
Biden, although I do see the potential for for Donald Trump
44:55
to pardon, you know, Snowden and even pardon all the remaining
45:01
stuff that they've talked about when it comes to Julian Assange.
45:04
WikiLeaks, you know, I think there's more there that they've
45:07
looked at. So I don't know.
45:08
We'll see what happens. I'd love to see that.
45:10
I'd love to hear the real details from Snowden and I'd
45:13
like to hear the rest of the details from Assange when it
45:15
comes to all that WikiLeaks. So let's talk about gold,
45:18
George. Gold.
45:18
You love gold, George. You love talking about gold.
45:21
Gold is something that's always on George's mind.
45:23
What? The price forecast, there's a,
45:26
there's a lot of bullishness about the hold above the 2600.
45:29
You know, we hit that all time high.
45:31
I think it was what, 27 or 2800 and change now we're sitting
45:34
below that because it was holiday liquidation, you know,
45:38
and that muted a lot of the market moves.
45:40
This is on track for a weekly gain.
45:42
And I think we're looking at a lot of future gains because of
45:44
the accumulation of bricks. There are a lot of nations that
45:48
are talking about getting fully off Fiat currencies, including
45:52
the US, which of course requires heavy investment in precious
45:55
metals, which of course, when you talk about those, it's gold,
45:58
silver, platinum and Palladium. Those are the ones that really
46:01
control the, the, the majority of the economy when it comes to
46:05
bullion. What do you think, man?
46:07
George, what's up? We we touched that all time high
46:09
of 2007, 9015 and that was in October.
46:13
So what are your thoughts? I think it's going to go up.
46:17
You know, listen, as our economy slowly goes back to being one of
46:25
the best in the in the world, gold is going to be up.
46:28
I mean, imagine, imagine if they got rid of the Federal Reserve
46:32
and, and backed our dollar by, by the gold.
46:36
Imagine how much gold would go up there, huh?
46:39
It would go through the roof because the US would had, would
46:41
would really have to bolster their gold and silver reserves
46:46
and, and, you know, high demand, higher prices, bricks hasn't
46:50
stopped in their accumulation of gold, but we have had some big
46:53
reserves, some big mining reserves turn up.
46:55
There's been some big ones in Afghanistan that have been
46:57
mentioned, some big ones in El Salvador.
47:00
So gold, you know, even though the the demand's going up, I'm
47:04
wondering what's going to the impact's going to be of these
47:06
new reserves have been located. Of course, they it takes time.
47:08
You have to get the mining operation in full swing, you
47:11
have to do the investigation, you have to set up the all the
47:13
resources, the crushing cycles and all the rest of the
47:17
depending on how you're going to leach the gold out of the
47:19
materials you're mining. So it's big, but they talk about
47:22
huge reserves and interesting, we talked about Canada, George.
47:28
You know, Canada's got some great mineral reserves that have
47:30
never they're untapped. What about?
47:33
That's why we would love to have them as a 51st state.
47:35
It sounds great to me. I don't know if it's going to
47:37
happen. But of course, Donald Trump's
47:38
preparing to re enter the White House in January.
47:41
So markets are bracing for significant policy shifts.
47:44
We don't know what those are yet.
47:45
The proposed tariffs, deregulation, tax changes,
47:48
there's been mentioned, but no hard line analysis right now.
47:51
The most we hear about is Doja, the Department of Government
47:55
Efficiency, Vivek Ramaswami and Elon are planning on making a
47:58
lot of changes there, hopefully reducing the size of government
48:02
and a plan to reduce our debt. I've heard some stories about
48:05
XRP and the RLUSD being involved in that.
48:08
I don't know if they're true, we're just hearing it, a lot of
48:11
rumors about it, but hopefully it will be that so that this is
48:14
Fed monetary policy and by extension, of course, gold
48:17
prices. But maybe there won't be a Fed.
48:20
There's a lot of people that are saying that the the Rand Paul
48:23
and Ron Paul are pushing behind the scenes to get rid of the
48:25
Fed, of course. And the Fed has always been
48:27
their thing. So the technical outlook for
48:29
gold, it's going to continue to trade with a bullish framework,
48:32
I think buoyed by an upward trending trend line that I think
48:36
is above that 2600. That consolidation around that
48:39
number just shows stability that it shouldn't break below that
48:42
level. So hopefully we'll be seeing
48:45
higher terms here in the short term that RSI stands at 56.9,
48:50
suggesting room for further gains.
48:52
So you got to, you know, I've got cautious optimism about
48:54
gold, George. I'm, I'm about it.
48:56
I think that bullish momentum is going to continue an upward
48:58
trend. I think we're going to see some
49:00
increased pricing at least over the next quarter.
49:03
Listen, gold's always going to go up.
49:05
It's always been like that, you know, matter.
49:08
It's just a matter like how much will it go up?
49:10
How fast will it go up? You cannot be investing your
49:14
money into gold. It's a it's one of the most
49:17
secure ways of keep your money because it's not like stocks,
49:21
they go up and down. Yeah, and you can hold it in
49:24
your hand if you decide you want to store it for yourself.
49:27
You don't have to store it one of.
49:29
My silver I have. You know what, Next time I'm
49:32
going to bring out the silver coin.
49:34
That's it, I got. Got to bring out the silver?
49:37
Well, the prepper bar's interesting because you can make
49:39
payments with it. And that's why we teamed up with
49:40
Genesis Gold. That's why we teamed up with
49:42
Solemn Global. You guys got to see there's lots
49:45
of great stuff. We can't talk about it much
49:46
under NDA, but you want to definitely head over to the
49:49
Solom Global website, check it out, take a look.
49:52
Interesting company with a bright future.
49:55
They've they've been they've been just having just amazing
49:58
meetings and closing deals left and right that company and that
50:01
is a company that believes in full transparency.
50:05
So they've got a stable coin, they've got a gold backed coin
50:07
they're coming out with and they have got a an A really
50:11
interesting way to make healthcare payments that they're
50:14
working on that I think is going to be incredible.
50:16
So stay tuned to Solon global. We'll be telling you more about
50:18
and of course the crypto power hour.
50:20
That's where you'll learn more crypto hacks.
50:22
This is something you've got to be defensive on crypto hacks.
50:25
Losses just mounted to a 2.2 billion for the year.
50:29
That means that people got a hold of people's seed phrases,
50:31
got access to their cold storage and their their trading wallets
50:35
and boom been jacking and racking.
50:37
So that skyrocketed from 2020. Four, 2.2 billion.
50:41
That's a big number, George. It is a big number.
50:43
I mean, and you know what, it's mostly they, the way they're
50:47
mostly getting off on is people like new users that are, that
50:50
are unaware of how to protect themselves or their wallets
50:53
because a lot of scams. And ironically, like you see a
50:56
lot of these people, like you'll see from Pakistan, you'll see
50:59
from India, even Russia, you always see these like they have
51:04
all these scam call centers. They're doing this too.
51:08
So you have to be careful and protect your wallet and if you
51:13
have a lot of crypto, the best thing to do is not keep it on
51:16
your phone, keep it in a cold storage wallet.
51:19
Yeah, Did you see that new hack technology?
51:21
There's some frightening stuff. Let me tell you about two of
51:23
them. Apple's had some real issues
51:26
about security, but there's also a new scam, George, where they
51:29
send a package or an envelope to your house and it's got some
51:32
kind of a fancy presentation with a barcode saying that
51:36
somebody bought you a gift and you just need to scan this
51:38
barcode and that'll secure getting the delivery of the
51:41
actual gift. And it looks like somebody gave
51:43
you something, so you scan. But the minute you scan that
51:46
barcode, you just gave full access to the hackers.
51:48
It comes up and they Get full access to your phone where they
51:50
scrape all the data. So if you get something you're
51:52
unsure of, do not scan that barcode.
51:55
You might be very sorry about it.
51:56
Last year's losses just to give you kind of some kind of, you
52:00
know, way to compare for 1.8 billion in cryptocurrency.
52:05
Now you guys understand that only 4.6 or maybe as high as 5%
52:09
of the people in the world are involved in crypto at all.
52:12
That number is they're they're predicting to double or triple
52:15
this year as more and more people get involved in digital
52:18
currencies, digital assets and cryptocurrency.
52:21
There's so many ways to get involved.
52:23
They they're seeing a double to a triple maybe over this term.
52:26
Of course, us being pro crypto is no small thing on that.
52:30
So you got to pay attention. So there was a lot of cases, I
52:33
guess the cases when you look at these numbers.
52:35
So there was 2023, there was 282 cases.
52:39
In 2024, there was 303 cases of crypto hacking.
52:43
I'm sure there's more than that, but that just tells you when you
52:45
start talking about billions, the, the, these are big wallets
52:48
that are getting hacked. These aren't people that are
52:49
just small people like us. These are the big wallets
52:52
getting takedown. Well, look at this.
52:53
The biggest hacks occurred in exchanges in India and Japan.
52:59
So India had 235,000,000 being taken from the Waze X exchange
53:05
and 305 million in the Japan's DMM exchange.
53:09
So listen. Yeah.
53:11
Well, and of course, as the value goes up, we're talking
53:15
about a situation where it brings, you know, the the
53:17
thieves notice that, right? Bitcoin rose 140% in 2024.
53:21
Of course, that's prompting greater attention from thieves
53:24
who who, of course, are taking advantage of that rapidly
53:26
growing market. So a lot of new investors in
53:28
cryptocurrency make it way too easy.
53:30
They're easy marks for these unscrupulous scammers.
53:33
You got to think about it from that perspective.
53:35
There's a guy named Eric Jardine.
53:36
He leads the cyber crimes research for chain analysis.
53:40
He said that the illicit use of cryptocurrency tends to grow as
53:43
the digital asset trading increases.
53:45
So he's talking about much more. The biggest hacks occurred, like
53:48
George said, in India and Japan, so but that doesn't mean they
53:51
didn't happen here. So be aware, pay attention as
53:54
you start to get involved in crypto, the security of your
53:56
assets is primary. Those seed phrases should be
54:00
stored in a very secure way and not on your computer or your
54:03
cell phone. So you got to think about
54:05
getting those offline. But it's difficult.
54:07
I know we're all hooked on technology and we all want to
54:10
make it easy for ourselves. So, George, let's talk about
54:13
Argentina. This is your, your, your, your.
54:16
You are a fan of Javier Mile. You love the guy.
54:19
Let's talk about this story. La fuera, la fuera, la fuera.
54:22
Listen, the Argent, we're just talking about the new, the, the
54:26
dollar here in America. So the Argentina peso strengthen
54:30
more in real terms at than any other currency in 2024.
54:37
Look at that. I mean, no surprise.
54:38
You hear that more than any other currency.
54:41
And this is all from President Javier Miley, who's actually a
54:44
libertarian. I didn't know he was a
54:45
libertarian. Yeah.
54:47
And now you remember all the people that were that were
54:49
questioning him and saying, oh, he could never, he'll never be
54:52
able to do it. And this guy just came in, got
54:54
rid of the wasteful spending. Their, their budget is balanced
54:59
there. There is no, they have no more
55:01
deficit. I mean, of course their money's
55:04
going to strengthen. What?
55:06
Where? Why wouldn't it imagine we could
55:09
do that here in this country, strengthen our dollar.
55:12
It's Lance. This is crazy.
55:14
Their peso strengthened 44.2% in the 1st 11 months of the year.
55:19
That's nuts, isn't it? 44.2%.
55:22
Should have gone long on that currency.
55:24
You would have made a lot of money if you'd gone long on the
55:26
on the Argentine peso. So I mean, you know, outpaced
55:29
everybody. I think the next closest one was
55:30
Turkish Lira came in second at 21.2%.
55:33
Which I'm shocked that Turkish, I mean, yeah, that they they at
55:37
that high have. You been, Have you been to
55:39
Turkey, Georgia? It's crazy.
55:40
No, a place is just bustling. It's a crazy, crazy place.
55:44
I was on a Turkish Airlines. We landed there, but I I didn't
55:50
get, we didn't have to get off or nothing.
55:51
I spent some time in Turkey and I was actually surprised about
55:54
how bustling it is. But I'll tell you what, driving
55:56
in Turkey, you are taking your life in your own hands.
55:59
They are driving. They're driving up on the curbs.
56:01
I mean, they're, they just man, when they're afraid, let me go.
56:04
Anywhere. Let me help you out.
56:05
That I've been to Egypt, Israel, I mean, a lot of countries all
56:08
over like that. It's like that.
56:10
You go in, the streets are so small.
56:12
When you go through towns, they're crazy.
56:15
It's not just Turkey, it's Egypt.
56:16
All of them are like that. That's why when you see them
56:19
coming here driving the first time, they drive like crazy.
56:22
Like whoa. I got to say, there's a reason
56:25
Mile is so popular we've they've seen the average salary in in
56:30
Argentina double in dollar terms to $990.00, which for them was
56:34
huge. Of course, that's giving
56:36
Argentinians a lot more money to spend.
56:38
It's never happened. After the seven years of near
56:40
constant depreciation of their salaries, they are on fire.
56:45
And of course, Argentina's central bank is kind of
56:47
struggling with this massive amount of growth and we'll have
56:49
to see. And of course, he's affecting.
56:51
He's making decisions on tariffs.
56:53
You know, of course, Melee's program, here's a direct quote.
56:56
Melee's program is working, but the pesos appreciation is the
56:59
greatest risk going forward. Of course, they're worried about
57:02
hyperinflation and the impact and kind of keeping up to
57:04
demand. So of course they're worried
57:07
about maybe a potential devaluation because of how fast
57:09
it's growing. I don't think that's going to
57:11
happen. They're dubbing that currency
57:13
right now the Super peso, George, Super, that's super
57:17
peso. Let's go.
57:19
Super Peso, Super peso, I'm I'm putting in a chat right now for
57:24
anybody there, there are their crypto power hour show link that
57:27
will be operational soon. That's where you can find a lot
57:32
of crypto news too. What's in there in the chat for
57:34
you guys? Yeah, you can subscribe now, but
57:36
there's no real content up there yet.
57:38
We might do a couple of shows. We might roll out a couple in
57:40
the big Meg to just get some content going for him.
57:42
We did one that we did with them where the solemn global founder
57:46
Kirk Saint James, who's been in crypto for.
57:48
Yeah, Kirk Saint John's the he's been in crypto for a long time.
57:52
Super knowledgeable, so great stuff.
57:54
You definitely always want to check him out.
57:57
All right, well, listen, George, did you throw up?
58:00
Let's. I don't know if you threw up
58:00
media 6. I don't know if I saw that or
58:02
not. I.
58:02
Can't. Oh, no, good.
58:04
It's not relevant. OK.
58:06
All right, well, listen today, you know what this show is all
58:09
about? It's all about Global Finance
58:10
Forum. We're here every Friday at 12
58:13
noon. So you don't want to miss that
58:14
in the future. Now tonight, Enoch on the big
58:17
MIG show, going to be a big show.
58:19
He's got a lot of followers. Should be interesting.
58:21
He does a lot of great research. If you don't know him, you
58:23
should be following him. And that is Crypto George.
58:26
What is his handle on XI? Know you know that better than I
58:28
do. Man, it's I think Enoch's news
58:34
blast man. I'm not sure bro.
58:36
We'll take a look real quick and don't forget Monday, you're
58:39
going to want to check us out. That's going to be a big show.
58:43
You know, I, I love you guys. You guys of course know because
58:45
in my background, I love all the special forces guys.
58:47
We've got a couple of Navy Seals coming up.
58:49
We've booked. We'll be talking about that.
58:51
But this is not a show you're going to want to miss because
58:55
Delta Force, we haven't had a Delta Force guy on to before.
58:58
So I think you're definitely going to want to catch this show
59:01
and. My God, I'm sorry.
59:03
It's on X. It's news Blast 17.
59:08
That's where you can find them on true social.
59:10
It's I'm just going to spell it for you, ELENOCHIE on True
59:15
Social. OK, so again on Monday it'll be
59:19
Dale Comstock by joining us X Delta Force X special forces
59:24
government contractor. This guy's done it all.
59:26
He's got an incredible background.
59:28
We'll be giving you the link to his website, but you can check
59:30
out some of this information in advance.
59:32
I'll put it in the big Meg community on X.
59:34
If you haven't joined that community, head over there.
59:36
Costs nothing to do so it doesn't cost nothing to
59:38
subscribe. Just hit the link.
59:39
I'll get a notice and if your profile doesn't suck, I will add
59:42
you to that profile and then we will keep you, you know,
59:46
notified as soon as the crypto power hours going to roll out.
59:49
George, anything else we have to mention to to our audience?
59:54
Have a blessed weekend and if we don't see you happy and healthy
59:57
New Year, stay safe. I don't know, let me see.
1:00:00
My mom just sent me something must be important.
1:00:03
Yeah, by the way, if you love the show, if you love the
1:00:05
Regular Show and if you love the new crypto, obviously this the
1:00:09
Global Finance Forum. Go over onto social media, find
1:00:12
Chris. He's Chris at On True Social.
1:00:16
Let him know that you love the big big show and you love the
1:00:18
big, big global finance forum and let him know that on on X he
1:00:21
goes by Chris Pavlowski. He's got his whole full name.
1:00:24
It's PAV just to get you started.
1:00:26
So Chris PAV and it'll pop up. Let him know, go into his go
1:00:29
into his timeline and just comment on another post and say
1:00:32
we really love the big, big show or.
1:00:34
I just got it. We just got an update on XRP, so
1:00:36
I'm going to read it verbatim. So XRP has been struggling to
1:00:39
gain the momentum we've been waiting for and I believe this
1:00:42
is because the market needed to perfectly touch the .618 fib
1:00:47
retrace for support. Now that we officially hit this
1:00:50
key level, we. Also Fibonacci.
1:00:53
We also held the bullish RSI Divergent, which reinforces that
1:00:57
this will likely support XRP needed to fuel its next move.
1:01:04
Yeah, not financial advice, but I think XRP is going to be a
1:01:07
powerhouse in the crypto community.
1:01:09
They already are. If you know anything about them,
1:01:11
they already are. Brad Garlinghouse has done an
1:01:13
amazing job. He's going to be on the crypto
1:01:15
power. I will have him on as an
1:01:16
interview. There'll be lots of big, big
1:01:18
crypto people. You're not going to want to miss
1:01:20
that show. And we're going to take the time
1:01:21
to educate you guys. We're not going to just RIP out
1:01:23
the terms Fibonacci retracement, if you guys know that.
1:01:27
That's a very important cyclical when it comes to doing.
1:01:30
Trading all's I can say is crypto school is now in session.
1:01:35
Don't be late, don't be tardy. I don't want to put you on a
1:01:38
bench or nothing. All right, well, the Global
1:01:41
Finance forum, that's one more addition in the can.
1:01:43
We'll see you guys next week and we don't forget to watch our
1:01:46
show tonight at the the big Mink show on Rumble Course run
1:01:49
locals. You can even catch it on X.
1:01:51
But but our home bases Rumble because we love those guys.
1:01:53
They treat us very well. We appreciate everything they do
1:01:55
for us. Peace out.
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River One, God bless you too. Thank you for your support.
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Hopefully we'll see you tonight at 7:00 PM Eastern.
1:02:01
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