Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 💥SILVER Stacker WARNING!💥 Are YOU Prepared? (Gold Price too)

Transcript

💥SILVER Stacker WARNING!💥 Are YOU Prepared? (Gold Price too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Let's look at a new exciting chart for silver and talk about
• 0:05
  why it's so important with the situation.
• 0:08
  The big warning that I'm going to give you today about what is
• 0:11
  happening right now in the economy and why that has
• 0:14
  everything to do with where silver is going.
• 0:17
  Let's head right out to the chart.
• 0:19
  This one is a doozy and it comes from rock bottom entries.
• 0:24
  It says silver. This is something we've not
• 0:26
  looked at yet is repeating its 2011 set up Same flush, same RSI
• 0:33
  reset the 70. This is where things can
• 0:36
  accelerate. But there's something super an
• 0:39
  extra bonus feature that he forgot to mention in this chart
• 0:43
  and what it's showing us here guys, let me get the crayons
• 0:46
  out. This right here is 2011.
• 0:49
  Remember, silver had gone up and up, but then it had a little bit
• 0:54
  of a correction. I'm circling it right there,
• 0:56
  similar to what we've gone through in the last couple of
• 0:59
  months. And then silver went from about
• 1:02
  $30.00 an ounce all the way up here to $50 per oz.
• 1:08
  What they're saying is that the situation, but there's a big
• 1:12
  reason why we can be excited about this that we're in right
• 1:16
  now, is very, very similar, right?
• 1:19
  We had a big run up in the price of silver and then subsequently
• 1:25
  we've got that red candle very similar to what happened over
• 1:28
  there and that we could run much, much higher.
• 1:31
  But what we're not what we need to consider about this, which is
• 1:36
  critical to what's going on. This run up happened after the
• 1:41
  great financial crisis, OK? It happened in the wake of the
• 1:46
  great financial crisis. We haven't had the great
• 1:50
  financial crisis #2 yet. And in this video, we're going
• 1:53
  to talk about a number of like immediate factors right in front
• 1:57
  of our face that that that point towards us going towards some
• 2:00
  very difficult economic times and some big major factors as
• 2:05
  well. They could provide Rocket Pocket
• 2:07
  fuel for the price of gold and silver like we haven't seen
• 2:10
  before. Thank you for being here.
• 2:12
  Thanks for being part of the basement.
• 2:13
  Please don't forget, subscribe to the channel, give the video a
• 2:17
  thumbs up. That's all free.
• 2:18
  We appreciate you on behalf of upstairs, Susie and myself.
• 2:22
  Thank you. Thank you.
• 2:23
  Let's start by talking about Home Depot, OK?
• 2:27
  Home Depot is like the country's biggest home improvement
• 2:30
  retailer. From thestreet.com, they're
• 2:33
  saying Home Depot sees worrisome shift in consumer behavior.
• 2:37
  Recent filings from the retailer indicate consumers have a
• 2:41
  negative outlook on the economy and the housing market.
• 2:45
  I won't bore you with all the details, but here in a nutshell,
• 2:49
  what they're basically saying is that at Home Depot, big ticket
• 2:53
  item sales, like big fancy, you know, those refrigerators that
• 2:56
  have TV screens on them and ice that comes out in 15 different
• 3:01
  ways. And I don't like that stuff
• 3:02
  personally, but you know what I'm talking about.
• 3:04
  Four thousand, $3000, Those aren't selling.
• 3:07
  Those are down the tubes. What people?
• 3:10
  The only thing that people now are spending money on at Home
• 3:12
  Depot are things like plumbing and electric, like maintenance
• 3:17
  type items. That's what Home Depot is
• 3:19
  warning about. But wait, there's more because
• 3:22
  remember guys, when this next and there's a lot more for us to
• 3:25
  talk about. It's getting ugly out there.
• 3:27
  We're going to talk about CarMax.
• 3:28
  We're going to talk about Walmart.
• 3:30
  Well, let's go to Walmart. Yeah, let's go to Walmart next.
• 3:33
  What's Walmart telling us? Walmart is saying, Uh oh, hold
• 3:38
  on, wrong screen. Here we go.
• 3:39
  Yep, here we are. Let me close that.
• 3:43
  These darn websites, Walmart. And this comes from the Daily
• 3:47
  Mail UK. Ominous Walmart signal that
• 3:51
  predicted the last four downturns flashes red again.
• 3:56
  Let's see if we can pick something here.
• 3:58
  Jim Paulson, a veteran economist for more than 40 years, tracks
• 4:02
  what he calls a Walmart recession signal, which compares
• 4:07
  Walmart stock to that of luxury fashion retailers.
• 4:12
  As shoppers flock towards cheaper stores like Walmart and
• 4:16
  away from designer brands, the signal flashes red, pointing to
• 4:20
  a recession and looming nearby. And that's exactly what's
• 4:24
  happened. Now, if you're, if you're a
• 4:25
  middle class person, like upstairs, Susie and I, trying to
• 4:28
  raise a family, right? The money gets stretched, the
• 4:31
  money gets thin, right? So maybe instead of going to
• 4:33
  Macy's or buying some designer stuff, maybe you're going to
• 4:37
  Walmart to buy your, your new shirts or whatever.
• 4:41
  That's another big major shift that's going on right now.
• 4:45
  But what about the car market? CarMax is the United States
• 4:48
  largest used car retailer. Let's listen to what we're
• 4:52
  hearing about CarMax. We got a little video clip and
• 4:55
  this is fascinating. I love this guy.
• 4:59
  He's very popular on YouTube. Hold on here, let me pull him up
• 5:03
  full screen for you. Listen to what he says about
• 5:06
  what is happening at this at massive CarMax locations around
• 5:10
  the country. So today I'm at CarMax because
• 5:13
  they are in panic mode and they are running out of space to
• 5:16
  actually park their cars. They are overrun with inventory
• 5:19
  to the actual value of their company has been cut in half
• 5:23
  because shareholders know that CarMax is not a space that they
• 5:26
  want to be in. It's been so bad that they fired
• 5:28
  their seats, but the new one that they have put in place
• 5:31
  might surprise you. They've been cutting prices, but
• 5:34
  still their sales are down 10% year over year.
• 5:37
  So yeah, it's been so bad now here at CarMax that they
• 5:40
  actually fired their CEO and they brought in some.
• 5:43
  OK, so CarMax is actually now stacking the cars in their lot
• 5:48
  on top of each other. But wait, there's more.
• 5:50
  I forgot to tell you, the people who can't afford to shop at
• 5:53
  Walmart now are going to the dollar store.
• 5:56
  But it's not the dollar store anymore.
• 5:57
  It's the dollar 25 or the dollar 50 store or $5 store.
• 6:02
  And on top of that, and I don't make, I'm not making light of
• 6:05
  this because it is, it is scary what is going on.
• 6:08
  It'll be a boom for precious metals in the end, it'll be a
• 6:11
  boom, no doubt about it. But we also get reports that
• 6:15
  middle class families are showing up more and more often
• 6:19
  at food banks as well. So keep an eye out though.
• 6:23
  The other thing, the most micro indicator of all, I call it the
• 6:28
  coupon run. I have a, excuse me, I love
• 6:33
  coupons upstairs. Susie will tell you I love using
• 6:36
  coupons, but I get a lot. There were no coupon offers
• 6:39
  coming through right over the last, I don't know, like 2-3,
• 6:43
  four years ago, especially post C-19 when everybody had all this
• 6:47
  money out there, there were no, now I'm getting coupons all the
• 6:50
  time. I'm going to give you a glimpse
• 6:51
  into my e-mail inbox. Here you go.
• 6:55
  Excuse me. Hold on, there you go.
• 7:00
  Right here, right now, even Subway is sending buy one get
• 7:04
  one free coupons. It's getting bad out there,
• 7:08
  guys, and it's a lot of it has to do with inflation.
• 7:11
  Think about what's happening on top of all this, the oil shock
• 7:15
  that's going on. According to the latest news
• 7:18
  reports, the Strait of Hormuz is not exactly open yet.
• 7:22
  And then yesterday we got that news from CNN.
• 7:25
  I meant to pull the article up. Darn it.
• 7:28
  Our news from the government about inflation, Inflation
• 7:32
  numbers were like crazy high here.
• 7:34
  Hold on, you look at that BOGO coupon.
• 7:37
  Let's see if I can pull up the inflation article real quick.
• 7:41
  Hold on, go on. 2nd. Darn it, inflation.
• 7:56
  Hold on. I'm not giving up.
• 7:58
  You know what? I'll share the screen with you.
• 8:00
  Here you go, guys. OK, let's go to CNN.
• 8:04
  Inflation. Here we go.
• 8:09
  This was yesterday headline from CNN.
• 8:13
  Come on CNN, Iran war oil shock push pushes inflation to 3.3%
• 8:20
  and it's expected to get worse. We got horrible news yesterday
• 8:23
  on inflation. Don't forget when it comes to
• 8:25
  silver and gold, at the end of the day, there's one thing that
• 8:29
  will drive the prices higher. That will be inflation because
• 8:33
  inflation is the same thing as saying the US dollar is going
• 8:37
  down. So be prepared and be prepared
• 8:40
  for silver volatility as well. OK guys, this is is is this
• 8:45
  unfolds initially, right? Is the economic doom comes to
• 8:49
  fruition, which I believe it will everybody thinks, oh, we
• 8:52
  won't never have another big recession.
• 8:54
  Well, when we do, we could have a little bit of a downdraft in
• 8:58
  the price of silver, but it'll be just like the chart we looked
• 9:01
  at earlier, right Initially A drawdown, but as soon as they
• 9:05
  start printing money right, which is the only thing they can
• 9:09
  do, the price of silver will absolutely, absolutely
• 9:13
  skyrocket. If you want to get your hands on
• 9:15
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  There's their new Liberty Bar. And don't forget also there's a
• 9:51
  discount code for you special right basement dwellers, our
• 9:55
  community only VIP like very important person RB, you'll get
• 10:00
  a little discount as well. Now we're going to talk about
• 10:03
  the big, big picture, OK? We talked about Home Depot, we
• 10:08
  talked about CarMax, we talked about Walmart, we talked about
• 10:10
  the dollar store, We talked about buy one, get one, free
• 10:13
  coupons. Things are slowing down.
• 10:15
  But on a bigger picture, we've got even more major issues going
• 10:19
  on that are going to drive the value of the dollar
• 10:23
  unfortunately even lower than the first one is going to be the
• 10:27
  Petro dollar. And I'll quickly explain to you
• 10:29
  why that is probably the most least talked about, but most
• 10:34
  important factor that could impact the value of the dollar
• 10:37
  and the value of your gold and silver as we go forward.
• 10:41
  Let's go out here because even hold on here.
• 10:45
  Hold on. Even Bloomberg.
• 10:49
  There we go. We'll pull this up.
• 10:50
  First is talking about it. The Iran war just broke the
• 10:54
  Petro dollar. OK, If you don't understand what
• 10:57
  the petrodollar is, we're going to give a quick crash course
• 11:00
  right now. The petrodollar basically means
• 11:02
  that when they took the dollar off the gold standard in 1971,
• 11:07
  right? Remember, Nixon did that, that
• 11:09
  whole story. They moved the dollar to
• 11:11
  essentially being backed by oil. Kissinger went to the Middle
• 11:15
  East and said, hey guys, if you want to remain friends with us,
• 11:18
  you can only sell oil in dollars.
• 11:21
  So what happened is all the oil in all the world, and oil is the
• 11:25
  blood of the world economy. Oil is everything still, even
• 11:29
  now, all the oil was essentially being sold in dollars.
• 11:34
  So they would sell oil for dollars and then they would use
• 11:37
  those dollars to buy U.S. Treasuries, which allowed the
• 11:41
  United States to rack up this horrible, horrible debt that
• 11:44
  we're in. The Petro dollar, a lot of
• 11:47
  people are saying is now ending. It was already in process.
• 11:52
  But what's happened now with this war and what's happening is
• 11:55
  going with is, is speeding up the process.
• 11:58
  And that, my friends, is a big, big, big, big deal that could
• 12:02
  have major ramifications on top of everything else, right on top
• 12:07
  of the just the overall kind of cruddy situation situation in
• 12:10
  the economy. But wait, there's more because
• 12:13
  this private credit think of everything the economy slowing,
• 12:16
  the Petro dollar being in trouble, geopolitical issues on
• 12:19
  top of that. I don't want to be so doom and
• 12:22
  gloom, but there's it really is not looking pretty guys, is is
• 12:25
  the private credit situation And we hear this.
• 12:28
  Well here, let's do this first, just quickly.
• 12:33
  This is a very not not fun, but I guess for lack of a better way
• 12:37
  to describe it, fun graphic to look at this.
• 12:40
  These are currencies that are soaring against the US dollar,
• 12:44
  the shekel of 20 in the last year, the shekel of 20% against
• 12:48
  the dollar. The dollar is dropping against
• 12:50
  the Colombian peso, the South African Rand, the Mexican peso,
• 12:54
  the Australian dollar, Brazilian dollar, Nigeria's money,
• 12:57
  Norwegian, Kazakhstani, whatever, and Malaysia, the
• 13:02
  dollar is in trouble. But we got to talk about this,
• 13:07
  right? The elephant in the room.
• 13:10
  OK, private credit, the end of. Oh, hold on here, I'm not
• 13:15
  sharing the screen. Sorry, guys, Darn it, I
• 13:18
  apologize. There's the graphic I just
• 13:20
  showed you or didn't show you that shows the dollar losing all
• 13:25
  that value. Now let's go over here and share
• 13:28
  the right screen and go to the Business Insider who's telling
• 13:31
  us it's the end of the road. Oh, I hate those pop ups.
• 13:37
  Market heavyweights Michael Bury and Jeffrey Gunlock.
• 13:40
  OK Michael Bury's the guy that called the great financial
• 13:43
  crisis The Big Short, OK. And Jeffrey Gunlock, the founder
• 13:46
  of Double Line Capital, billionaire, the bond king, both
• 13:50
  eye trouble ahead for private credit, but OK, all right now on
• 13:56
  top of that, we've got we've got Ray Dalio, OK.
• 14:00
  And more and more and more these are the smartest people in the
• 14:04
  room. And we have some crazy data to
• 14:06
  look at about this private credit.
• 14:08
  But the private credit situation is very similar to the
• 14:11
  mortgage-backed security situation that created the great
• 14:15
  financial crisis. Am I speculating?
• 14:17
  Yes. Is it a little more than
• 14:19
  speculation? Yes.
• 14:21
  Did the great financial crisis usher in a period of money
• 14:24
  printing that created that that the chart that we looked at
• 14:29
  earlier, big returns in gold and silver?
• 14:31
  Yes. Will it happen again?
• 14:33
  Yes, I believe that it absolutely will.
• 14:36
  And look at this additional data that we have to look at when it
• 14:40
  comes to what is happening right now in private credit.
• 14:44
  This come from no limit. Private credit is in big
• 14:47
  trouble. These are withdrawals have
• 14:50
  spiked in private credit. This shows going back to January
• 14:54
  2023, right? All these redemptions are the
• 14:57
  dark blue lines. But look at what's happening now
• 15:00
  and this would be a quarterly chart.
• 15:03
  Now we have redemptions which are way up, but a light blue
• 15:08
  section which also indicates they cannot meet the
• 15:11
  redemptions. People are asking for their
• 15:13
  money back in private credit, can't give it.
• 15:16
  Now we're also seeing it in the stock market.
• 15:19
  OK, the big short says Apollo Global Management next to
• 15:23
  plummet Blue Owl, which is a big private credit company.
• 15:28
  Let's just go down and look at this chart, right?
• 15:30
  Blue Owl is at 52 week lows on their stock price.
• 15:34
  Blue Owl is a massive. It was one of the darling
• 15:38
  private credit companies. Guys, this is happening.
• 15:41
  This is coming to fruition. And we need no more evidence
• 15:46
  than this because Reuters, this is a double feature.
• 15:50
  Reuters is reporting that Bloomberg is reporting that the
• 15:55
  Federal Reserve has asked about US Bank's exposure to private
• 16:01
  credit firms. This was just out yesterday
• 16:04
  after the market closed, OK, That our friends there, right,
• 16:10
  there's the Federal Reserve building.
• 16:12
  They are asking the banks to report to them.
• 16:16
  Just how much exposure do you have to private credit?
• 16:19
  Just I mean, think about we got the private and then there's the
• 16:21
  whole debt issue, which we're going to cover in more detail
• 16:25
  tomorrow, right? But you got the private credit
• 16:27
  issue, you got the petrodollar situation.
• 16:30
  You've got what on every level, like everybody says, like the
• 16:34
  last six weeks in particular that the US economy threw the
• 16:37
  brakes on guys. And we have the chart that we
• 16:40
  looked at at the very beginning of this live stream that shows
• 16:43
  us the setup that we're in right now looks very similar to 2011.
• 16:50
  But as an extra added bonus feature, we haven't even had the
• 16:54
  great financial crisis 2.0 yet. And in this private credit
• 16:59
  stuff, it is, it's, it's, it's during the great financial
• 17:03
  crisis, they, they, they grouped together a bunch of crappy home
• 17:07
  mortgage loans and sold them as mortgage-backed securities.
• 17:10
  Now they, they, what they're doing with private credit is
• 17:13
  they grouped together a whole bunch of crappy loans to
• 17:17
  software companies. OK, that's the reality.
• 17:20
  Software tech companies that aren't making any money, most of
• 17:24
  them are are cash flow negative and they group them together and
• 17:28
  then these fancy Wall Street salesman tell people, oh, you
• 17:32
  can buy into this private credit fund and make 9% returns, 12
• 17:37
  percent, 9%. And those fancy salesman from
• 17:40
  Wall Street make big huge commissions off those deals just
• 17:45
  like what was happening with the mortgage-backed securities back
• 17:48
  in 2007, 2008. And you know how that ended.
• 17:53
  It's going to and really, really well for the precious metals as
• 17:56
  well. Hey guys, I want to say thank
• 17:58
  you for joining us down here in the basement.
• 18:00
  We'll be back tomorrow. Keep up the great work.
• 18:03
  If you enjoyed your time down here, please subscribe to the
• 18:06
  channel, give the video thumbs up and I will look forward to
• 18:10
  seeing you. Yes, you next time.
• 18:13
  Have a great day. Bye bye.