Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 ALERT! 🚨 Prepare NOW for Big CHANGES -- SILVER & GOLD

Transcript

🚨 ALERT! 🚨 Prepare NOW for Big CHANGES -- SILVER & GOLD · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  I understand. You want to know where is the
• 0:03
  gold price headed? Where is the silver price
• 0:06
  headed? We got some big clues yesterday
• 0:10
  and today from the Federal Reserve when they announced
• 0:14
  their monetary policy decision. We're going to talk about why
• 0:17
  things are so different right now and as we head into the end
• 0:23
  of the year and why we could see a record all time high price in
• 0:29
  gold. I believe it's within the realm
• 0:32
  of reasonable possibilities. Sure.
• 0:35
  We don't know absolutely what will happen, but when we piece
• 0:38
  it all together, what happened yesterday and what it means, I
• 0:44
  think we've got good news ahead for the silver price, the gold
• 0:47
  price and the platinum price. We could see silver hit that 30
• 0:53
  to $35 range by the end of the year.
• 0:56
  Hey, the clock is ticking, so let's get started talking about
• 1:00
  what happened yesterday. Hey, we had talked about this
• 1:03
  here in the basement. We had talked about the fact
• 1:05
  that the Fed wasn't going to do anything.
• 1:09
  But what was most important was what they said.
• 1:12
  But we also talked about how whatever they said was likely
• 1:17
  going to be a bunch of BS. And that's just what we got
• 1:22
  yesterday. And I've got a few bones to pick
• 1:24
  with our old friend Jerome Powell in the United States
• 1:28
  Federal Reserve. But let's just recap briefly.
• 1:33
  What was the action? Pay attention to the actions.
• 1:37
  Remember, actions speak louder than words.
• 1:41
  The action yesterday was they held interest rates steady.
• 1:46
  What were the words? The words were essentially
• 1:49
  higher for longer. Oh, we're going to keep up this
• 1:52
  great, great, great price with the great fight with the with
• 1:57
  the inflation. You guys are asking about the
• 1:59
  hot dog. Can't you see it?
• 2:01
  Is it on the screen? Hold on a second.
• 2:03
  We got a hot dog break. For those of you who don't know,
• 2:06
  we do play Hide the hot dog during every live stream and
• 2:11
  somewhere on this screen should be a hot dog.
• 2:14
  But I don't know for sure if you can see it.
• 2:18
  Hold on a second. Keep looking for the hot dog.
• 2:27
  Tell me if you can see it. Anyway, the action was nothing.
• 2:32
  The words were a bunch of BS. We've talked about this.
• 2:36
  It's almost like it's almost like they, Jerome has a case of
• 2:44
  verbal diarrhea. OK Oh, we're going to be tough.
• 2:48
  Oh, we got to be tough. And how did the market react?
• 2:52
  I warned you and we talked about this.
• 2:54
  They were going to do nothing. But now all they can do, and
• 2:59
  this is so critical for the future of the silver price and
• 3:02
  gold price. All they can do is talk.
• 3:05
  All they can do is talk. I could be wrong.
• 3:07
  Maybe they'll raise rates a couple more times by the end of
• 3:10
  the year. Good luck with that.
• 3:13
  The bond market already raised rates.
• 3:15
  We got the 10 year bond at 4.5%. We're going to cover that ad
• 3:20
  nauseam a little bit later and why That is devastation on many
• 3:24
  levels for the US economy. But the reality is when it comes
• 3:28
  to the Fed, they're out of ammunition.
• 3:30
  All they can do is talk tough. Now it'd be like if if two
• 3:35
  countries were at war with one another and one of them ran out
• 3:39
  of mortar shells and then they just started saying, oh, well,
• 3:42
  we're going to, we got something else.
• 3:44
  We're well, you better be careful.
• 3:45
  We got more to come and you're going to be in big trouble.
• 3:48
  And eventually the other side calls, what's that word?
• 3:52
  BS, for lack of a better term. And guys, that's just what we're
• 3:57
  on the cusp of experiencing with silver and gold where they're
• 4:02
  going to call BS on what's going on when the feds just talking,
• 4:07
  talking and talking. But, but the suckers fell for
• 4:12
  it, right? The general market, the sheeple,
• 4:14
  they're all like, oh, the feds going to raise rates, the feds
• 4:17
  going to raise, the Fed doesn't have any real ammo left.
• 4:21
  Do you think that right now Jerome Powell's going to raise
• 4:25
  rates by another 1% in the coming year?
• 4:28
  Do you think a year from now that we're going to see 5.5% on
• 4:32
  a 10 year bond yield that would be absolute devastation for the
• 4:37
  US economy? Because a key thing to remember
• 4:40
  is way different now than opposed to the 70s and 80s when
• 4:44
  they could raise rates. The debt levels, the corporate
• 4:47
  debt, the government debt, the consumer debt, all debt is
• 4:50
  extremely higher right now than it was back then.
• 4:55
  They can't raise rates without wreaking havoc in the economy.
• 5:01
  Look at what 4% interest rates did to the banking sector.
• 5:05
  Look at what, 4%? Four and a half percent rates?
• 5:09
  This is on the 10 year bond yield have done to credit card
• 5:11
  to the consumer what it's doing to companies, what it's doing to
• 5:15
  the commercial real estate market.
• 5:17
  It's done. It's over and we're likely
• 5:20
  heading into a new era for the precious metals.
• 5:23
  Because guess what, Jerome can't stop inflation.
• 5:26
  And if he can't stop inflation and he can't raise rates any
• 5:30
  further, we're in an environment where inflation is going to be
• 5:34
  persistent and sticky and and is going to outweigh going to
• 5:40
  become greater than the prevailing interest rate.
• 5:44
  We'll be heading right back into a negative real interest rate
• 5:47
  environment and that will be nothing but gold.
• 5:50
  Good for the gold and silver price.
• 5:52
  Thank you, Neil for the Super chat my friend.
• 5:55
  Thank you. Thank you, thank you.
• 5:57
  So when we look at what's going on right now, proof, what proof,
• 6:00
  what more proof do we need that they can't raise rates any
• 6:05
  higher, right. We've talked, the banks are on
• 6:08
  life support, OK. We've got, we've got a couple of
• 6:11
  the 30 year bonds now there are U.S. government bonds that are
• 6:15
  trading at $0.50 on the dollar. That's the extreme example.
• 6:20
  But the banks are in massive trouble because of their bond
• 6:24
  portfolios and their commercial real estate portfolios.
• 6:27
  You know, the consumers and massive trouble because of
• 6:30
  credit card debt. You know, the government's in
• 6:33
  trouble, OK. You know, businesses are also in
• 6:37
  trouble because they've got the government's got a ton of debt,
• 6:40
  businesses have a ton of debt. Rates cannot go any higher.
• 6:44
  It's wake up time. It really is guys, it's wake,
• 6:47
  it's go time. It's time to watch some feathers
• 6:50
  fly, you know. Now let's talk about Jerome
• 6:56
  Powell. I have a couple observations.
• 6:58
  Did you watch, what did you think if you watched Jerome's
• 7:03
  press conference yesterday? Thank you again, Neil, Super
• 7:06
  appreciated. What did you think about Jerome
• 7:10
  to me? I made some notes.
• 7:12
  Here, let me read this to you. Let me read this to you.
• 7:16
  I thought he looked horrible. I thought he looked tired.
• 7:19
  I thought he looked worn out. And then I thought, it's not
• 7:22
  easy to be full of BS and to know like it felt.
• 7:28
  I. I sensed that his conscience was
• 7:31
  weighing on him yesterday. OK.
• 7:33
  And I thought, you know, Jerome, it's better just to be honest in
• 7:36
  life, right? Nobody's perfect.
• 7:38
  I'm sure you've told a few fibs in your life.
• 7:40
  I'm 53 years old. I've learned it's better to be
• 7:43
  completely honest all the time with my friends, with my family,
• 7:47
  with anyone out there. It's a heck of a lot easier than
• 7:51
  living in a world of lies. It weighs on a person.
• 7:55
  And I just really sensed I could be wrong.
• 7:58
  Maybe. Jerome, do you believe Jerome is
• 8:01
  being completely honest with us? But he looked worn out.
• 8:04
  There was even a point during the press conference where you
• 8:06
  like, hesitated and and it was like he was having a like a
• 8:11
  senior moment, which hey, we're all headed for that.
• 8:13
  So again, I'm not putting down elderly people.
• 8:16
  We're all headed for the same thing.
• 8:18
  But it just felt like Jerome was was not natural, was not normal,
• 8:25
  wasn't real right. And isn't that what it is?
• 8:28
  You know, I had this unbelievable conversation
• 8:31
  yesterday with an executive from one of the big bullion dealers
• 8:36
  and we were talking about how yesterday was a big day, right,
• 8:39
  for the gold and silver market. You know, it was going to be a
• 8:42
  huge, huge day. And and we said, I Can you
• 8:45
  believe that we're living in this world, this fantasy world
• 8:48
  where we're like we're, we're so dependent on the Fed.
• 8:51
  It's like the Wizard of Oz is going to speak.
• 8:54
  And that's what it felt like yesterday when I listened to
• 8:57
  him, actually, then talked during the press conference.
• 8:59
  Like, none of this is real. And what I talked about with
• 9:02
  this executive from the bullion company was the very simple fact
• 9:06
  that if we still had real money in this country, if we still had
• 9:11
  a gold standard and a silver standard, like, we wouldn't even
• 9:15
  there wouldn't maybe there wouldn't even be a Fed.
• 9:17
  There'd be no need. We would just have real money.
• 9:20
  And then he brought up, I thought, one of the most
• 9:22
  pertinent points. He's like, and there wouldn't be
• 9:24
  any inflation. And then and then I mentioned to
• 9:28
  him, I said, yeah, I said think about, think about this, think
• 9:31
  about this. We're shooting for 2% inflation.
• 9:36
  Our government that's supposed to be looking out for the
• 9:38
  wellbeing of you and me is shooting for the fact that
• 9:42
  you're going to get 2% of your money stolen from you on an
• 9:46
  annual basis. Money that you work for, right.
• 9:50
  Money that you that you that that you labor for or work or
• 9:54
  you know that 2%. That's what we're shooting for.
• 9:58
  Heck, last year they took 10%. I mean isn't this insane?
• 10:03
  Isn't it crazy for as if we were on a gold like we were.
• 10:08
  I know it's. I know it's nutty, right?
• 10:10
  You're you're a you're a nut case to even even even to
• 10:16
  propose considering backing currency with silver or gold.
• 10:20
  But we were up until 1971 and it worked pretty darn well.
• 10:25
  I digress. The whole I I want to.
• 10:29
  I want to. The the take away for me from
• 10:31
  watching Jerome yesterday was that he was scared.
• 10:35
  He didn't seem natural. I think that this is all
• 10:40
  nervous. I think it's all catching up
• 10:43
  with them. I think guys, here's here's the
• 10:46
  here's the truth. OK, here's the truth.
• 10:49
  And and if you don't agree with me, you can say it in the
• 10:52
  comments. But the truth is, whatever
• 10:55
  Jerome Powell talked about yesterday during that press
• 10:58
  conference, that was the tip of the iceberg of what's really
• 11:03
  going on. And if it's even the tip, we
• 11:07
  don't even know if it was true, OK.
• 11:09
  I mean, unfortunately, if we look at it, it history in
• 11:14
  reality that's that's the case, OK.
• 11:17
  And now everybody, all the pundits, and you know, I did
• 11:21
  notice that Silver had made a comeback this morning.
• 11:23
  Yes, it's waking up. Gold, last I looked, was down
• 11:30
  about $10 per oz. Yes.
• 11:32
  OK, yes, I'm fine with that given the fact that the general
• 11:38
  sheeple, the crowd, whatever, whatever you want to call,
• 11:42
  right. Those other 99 out of 100 people
• 11:45
  that don't invest in silver and gold are all reading are.
• 11:48
  They're all watching TV and they're all reading their papers
• 11:51
  and it's saying, oh, the feds going to be hawkish. the Fed is
• 11:55
  hawkish. There's a headline here.
• 11:57
  I copied it somewhere. Hold on a second.
• 12:00
  Hold on. Bear with me.
• 12:02
  Here's a Yahoo Finance headline. Interest rates.
• 12:05
  Staying quote UN quote higher for longer means at least
• 12:11
  through at least through 2026 for the Fed.
• 12:17
  So everybody's believing now that we're, you know, that Lucy
• 12:20
  pulled the football again. Well, you know what, right in
• 12:23
  the gold price. We've made that analogy like
• 12:26
  Charlie Brown trying to kick the football and Lucy keeps pulling
• 12:28
  it. Thank you lost for word.
• 12:30
  Thank you for that super chat that Lucy pulled.
• 12:33
  Lucy didn't quite get the football all the way out of the
• 12:36
  way this time, guys. We are in a new era.
• 12:39
  We are in a new environment for the silver price and gold price.
• 12:46
  It's not, it's not what we've been used to.
• 12:50
  It's a it's a an awakening. All right.
• 12:53
  Right. But but but now in in proof,
• 12:57
  proof of this you want proof of this is like I said all the
• 13:01
  people. The other 99 out of 100, you're
• 13:03
  the one in 100, maybe one in 200 that understand silver that
• 13:07
  understands gold. But everybody else, the the, the
• 13:10
  herd, the market, the whatever you want to call them, they're
• 13:14
  all believing, oh, the feds going to be hawkish.
• 13:16
  Oh, the feds going to be hawkish.
• 13:18
  Well, if that were the case, that the Fed were really about
• 13:21
  to embark on any type of hawkishness, gold would be down
• 13:27
  at 1700. Silver would be down at $18.33,
• 13:32
  maybe 30-4 cents per oz. Platinum would be at, what, 780?
• 13:38
  And that didn't happen. OK, the worst case scenario, the
• 13:43
  verbal abuse. That's what we'll call it.
• 13:47
  The verbal abuse that we've endured over a long period of
• 13:51
  time, but especially yesterday from the Fed, didn't have it
• 13:55
  lost its potency. OK, there's like the real the
• 14:00
  real power of the Fed to affect the gold and silver price didn't
• 14:06
  come to fruition yesterday. I want you to think about that
• 14:09
  for a minute. All right.
• 14:11
  Gold is still above 1900. Now I'll be completely
• 14:15
  transparent with you if gold gets the 1840 three $1843 if
• 14:21
  silver dips below 20. I'm a little scared, right?
• 14:25
  But in terms of the feds real ability to fight inflation,
• 14:30
  they're done. They've, they've, they've
• 14:31
  they've shot all their mortar shells.
• 14:33
  They've gone through all their ammunition.
• 14:35
  So now all they can do is verbal threats.
• 14:39
  Oh, you better not. You better not inflation.
• 14:41
  You better not put poke your head up because if you do we're
• 14:45
  coming after you. We don't have any animal.
• 14:48
  But everybody, everybody look tough, right?
• 14:50
  All 12 of you fed governors look tough.
• 14:52
  Look like we're going to be tough.
• 14:55
  New, new day, new era this 10 year bond yield.
• 15:01
  Oh man, it is going to wreak if it stays at 4.5.
• 15:06
  All I can say is it it's going to, it's going to cause problems
• 15:12
  on many levels if it gets above 4.5.
• 15:15
  And for those of you who don't know, the 10 year bond yield is
• 15:18
  the bellwether, the 10 year U.S. Treasury bond yield and it's
• 15:22
  sitting right at right below 4.5 the last I checked.
• 15:27
  Boy, you know, I'll repeat it because it's exciting.
• 15:31
  The banks, the government, the consumer and businesses are on
• 15:37
  the ropes with these higher interest rates.
• 15:40
  The days of bye bye, you know, 0% interest rates, they are
• 15:44
  gone. You know Coin Shop, listen to
• 15:46
  this, listen to this. What if I told you that Ray Coin
• 15:50
  Shop Chris shared this with me earlier.
• 15:51
  Thank you Coin Shop Chris for sharing this because I'm going
• 15:54
  to talk about it right now and it's crazy and we're going to
• 15:58
  talk about it more in a video we're going to do this coming
• 16:00
  weekend. But guys, two years ago the
• 16:05
  interest rate on a 30 year mortgage was around 3%.
• 16:09
  Okay, today that same interest rate sit down because this is
• 16:13
  crazy. Is 7.3% OK?
• 16:18
  Is that a big increase? That's like 143% increase.
• 16:22
  But what's crazy, what's what's devastating for people and for
• 16:28
  the real estate market for that matter, is the simple fact that
• 16:33
  a $300,000 mortgage, the payment today, would be more than double
• 16:39
  of what it was two years ago. And that's not all.
• 16:42
  That's only half of the problem. The other half is the actual
• 16:47
  house that somebody might want to buy today is likely 60 to 70%
• 16:52
  more expensive because of Bidenomics.
• 16:56
  You know, Joe Biden's economic miracle, where everybody's doing
• 17:00
  so darn great, We are headed for trouble in River City.
• 17:06
  Is that a common saying? I don't know.
• 17:08
  Tell me. My mom used to always say that
• 17:10
  we got trouble in River City and that was never a good sign we
• 17:14
  got. Hi, mom, I hope you're watching
• 17:17
  today. We got trouble in River City,
• 17:22
  you know, where my my parent, my parents, my parents are at a
• 17:25
  casino on a little. They don't go to the casinos a
• 17:27
  lot, but they're on a trip and they're they're on the border of
• 17:31
  Oklahoma and Texas at this massive, massive.
• 17:35
  My dad keeps sending me pictures like the casino.
• 17:38
  It's like a city. It's massive.
• 17:40
  It's like a miniature Las Las Vegas.
• 17:42
  That's how they say it. Las Vegas, anyway.
• 17:45
  They're like, you wouldn't believe all the people here.
• 17:47
  And I'm thinking, number one, look, you do whatever you want.
• 17:50
  I used to gamble a lot. I got some incredible gambling.
• 17:53
  I used to love to gamble when I was younger.
• 17:54
  I don't gamble anymore because it's you're going to lose.
• 17:57
  OK, so all those people losing, but I'm like, where are they
• 18:00
  getting all their money from? Maybe it's oil money.
• 18:03
  I don't know. But what is going on out there?
• 18:05
  It's just absolutely, absolutely crazy.
• 18:10
  And and before I finish with Jerome, you know what?
• 18:14
  We get him out real quick. Say yeah.
• 18:17
  Hey, guys. Hey, everybody.
• 18:19
  Hey, all you 99 out of 100 people.
• 18:22
  Not you. I'm not.
• 18:23
  You're a basement dweller, OK? You've got a you know, but
• 18:27
  everybody else out there, thanks for taking me hook, line and
• 18:31
  sinker yesterday. OK.
• 18:33
  Thank you. Yeah.
• 18:35
  I mean, come on, man. Heck, I could do the, the
• 18:38
  Federal Reserve press conference down here in the basement,
• 18:42
  right? Oh, we got 100 thumbs up.
• 18:44
  We got 100 thumbs up. That means I'm going to ring the
• 18:47
  bell 10 * 1 time for each ten thumbs up.
• 18:50
  That's called ringflation. There you go guys.
• 18:57
  Don't forget, please do give this a thumbs up.
• 18:59
  We got almost 300 people on a Thursday.
• 19:02
  You guys are awesome. Please takes a few seconds.
• 19:05
  Press that thing that looks like that and I would be greatly
• 19:09
  appreciative. The The final thing I want to
• 19:12
  say about Jerome was then at some point during his press
• 19:15
  conference he said he had this. Like saying that he put out.
• 19:19
  It made me sick, made me nauseous.
• 19:21
  He was like, you know, we're following our mission, which is
• 19:25
  to look out for the wellbeing of the average American person.
• 19:29
  We understand how hard it is with inflation.
• 19:33
  And I thought that is the cherry on the top of BS that I've
• 19:37
  heard. All they have done, all the Fed
• 19:40
  has done over the last number of decades.
• 19:42
  I'm sorry, I'm mad, OK? So if you don't want to hear me
• 19:46
  be mad, go watch Roadrunner cartoons like Coin Shop, Chris
• 19:49
  says. But I'm mad because all the
• 19:52
  Federal Reserve, everything they've done, and you know what?
• 19:56
  The Treasury is complicit with them in this as well, has
• 19:59
  allowed the top half percent, the top 1% of the wealthy in
• 20:05
  this country to accumulate vast, more, vastly additional to get
• 20:10
  wealthier. The wealth distribution in this
• 20:12
  country is off the charts. And that's a hard number.
• 20:17
  That's a fact, right? You don't hear about it on CNN
• 20:20
  or Fox News or or MSNBC or anything else.
• 20:23
  So for him to sit there and say that that, oh, we really feel
• 20:26
  for the for the average man out there who's having such a hard
• 20:30
  time feeding his or her kids, right.
• 20:34
  Making their house payment, making their car payment,
• 20:37
  whatever the case may be. It made me mad to hear that.
• 20:40
  Well, if you really feel that, then why don't you address
• 20:44
  wealth disparity in this country?
• 20:47
  Because it's at a level that it's never been in history.
• 20:50
  Jerome, in all of your policies over the last 2025 years have
• 20:55
  done nothing but but perpetuate this problem.
• 20:59
  I wonder why. But now all of a sudden you're
• 21:02
  concerned. Here's the bottom line, guys.
• 21:05
  Here's the absolute and this is the little nugget.
• 21:08
  This is the Big Nugget, OK. This is the big Nugget. the Fed.
• 21:14
  And I heard, I heard there's a was a great conversation with
• 21:19
  Frank Gestra, Robert Friedland and Pierre Lausanne.
• 21:24
  These are veteran guys that are super intelligent and they said
• 21:28
  the same. the Fed needs inflation.
• 21:31
  There's no way, there's no way, there's no other way that the
• 21:35
  system works without inflating away the debt.
• 21:39
  That's just a fact. And OK, so all the all the
• 21:43
  verbal abuse that he gave us yesterday and oh, we're gonna
• 21:46
  fight inflation and Ababa, it's it's all a bunch.
• 21:51
  It's all a bunch of BS and for people.
• 21:54
  OK And. And the silver price and gold
• 21:56
  price got kneecapped a little bit yesterday.
• 21:58
  A little bit today. Because suddenly everybody's
• 22:01
  like, like, again, I'm going to read this Yahoo Finance headline
• 22:04
  to you, right. Interest rates staying higher
• 22:07
  for longer means at least through 2026.
• 22:10
  Everybody's like, oh, the feds going to be tough for the next.
• 22:13
  What is that? 2 years?
• 22:15
  Don't forget. Okay, this makes me This makes
• 22:18
  me mad too. Don't forget two years ago,
• 22:21
  that's the same Fed who was telling you we aren't going to
• 22:23
  raise interest rates till the end of 2023.
• 22:26
  We're not even at the end of 2023, right?
• 22:29
  And we've been through this Uber.
• 22:31
  So why suddenly are these people dent?
• 22:35
  Why do they all of a sudden believe them?
• 22:37
  Why? Why?
• 22:39
  Right. Why?
• 22:40
  Remember he said two years ago he's not going to raise interest
• 22:43
  rates until the end of 2023. Why do you suddenly?
• 22:47
  Why did why? Why?
• 22:49
  I want to ask that, not you, because I don't think you do
• 22:51
  believe them. But why did why do all my
• 22:53
  neighbors? Because the newspaper told me
• 22:56
  that's what he said. Or that's because that's what
• 23:00
  the Children's news network, CNN, told me.
• 23:02
  So it must be the truth, because my TV told me, well, no, think
• 23:07
  for yourself. Think for yourself.
• 23:11
  Don't. Don't think the way I think.
• 23:13
  Don't think the way CNN tells you to think.
• 23:17
  Don't think the way anybody tells you to think.
• 23:20
  Absorb the information, right? Do it from an objective
• 23:24
  perspective and make up your own darn mind.
• 23:26
  But why would we believe this guy?
• 23:28
  Do I even have to tell you about the fact that he said inflation
• 23:31
  was temporary, transitory and also not a problem two or three
• 23:36
  years ago? Oh, but now all of a sudden,
• 23:39
  instantly, this little scared sheep is what he looked like
• 23:43
  yesterday. He looked like a little boy who
• 23:46
  was who was who got caught stealing cookies from the cookie
• 23:49
  jar. We're going to believe him.
• 23:53
  I don't. Whatever.
• 23:55
  I don't know. Jerome.
• 23:56
  He's always welcome to join me here in the basement.
• 23:58
  I would love to have Jerome Powell.
• 24:00
  He could sit right there on the bear with the Pin Becks Box.
• 24:03
  Now if you think silver and gold are a good way to protect
• 24:05
  yourself, go check out Pin Becks, Pi, MB, EX Pin backs.
• 24:11
  I love to say it. Read the reviews.
• 24:14
  Become comfortable with the company.
• 24:16
  I think you will. I'm comfortable with the
• 24:19
  company. Check out their prices.
• 24:21
  Check out their products. I think you'll like what you see
• 24:24
  for me. They check all the boxes, pardon
• 24:26
  the pun. Now let's move on to what The
• 24:29
  Wall Street Journal. You want some some great news
• 24:31
  about what it's like to be an American, though, that most of
• 24:35
  you are in America, some of you are in other countries.
• 24:38
  Okay. And I think it's this way all
• 24:40
  around the world from what I understand.
• 24:43
  But the Wall Street Journal delivered a whopper, I mean a
• 24:49
  whopper of an article today about what's going on in the US
• 24:56
  economy. Where are you joining me from?
• 24:58
  Because you know what? Wait a minute.
• 25:00
  I think I see you. Yeah, right.
• 25:04
  You are the most important part. There is no live stream.
• 25:08
  There is no Ron's basement without you.
• 25:11
  So I want to tell you from the bottom of my heart, thank you
• 25:14
  for being here. Thank you for being a part of
• 25:16
  this community. You guys are awesome.
• 25:20
  The moderators are awesome. We we are just a group of people
• 25:23
  that like to get together and navigate these difficult times
• 25:28
  together. All right.
• 25:29
  We want to be safe. Thank you, Tony, for the Super
• 25:32
  chat. Super chats are always
• 25:33
  appreciated, never expected. So thank you.
• 25:37
  I'm going to get a drink of water, and then we're going to
• 25:39
  go right into the Wall Street Journal.
• 26:02
  Are you still there? OK, thank you.
• 26:05
  Let's talk about the Wall Street Journal.
• 26:07
  And I'm going to do it in my nighttime voice.
• 26:10
  All right. Susie's yelling at me.
• 26:13
  Wall Street Journal article, Bidenomics.
• 26:16
  So remember what Joe says. This is just what he says, and
• 26:19
  this is how he says it. So it's not political.
• 26:22
  Bidenomics. It's working.
• 26:24
  OK, Wall Street Journal. They must.
• 26:28
  They must have missed that message from Joe because they
• 26:31
  said headline how US households got turned upside down by
• 26:39
  interest rates. Wait a minute.
• 26:44
  Didn't we just get news yesterday that supposedly the
• 26:47
  feds going to be tougher for longer and that means higher
• 26:51
  interest rates and like we talked about already, the 10
• 26:54
  year bond yields already at 4.5%.
• 26:58
  Wait a minute and things are already a little screwed up.
• 27:01
  Let's just we're going to talk just a few of the key key things
• 27:04
  that the Wall Street Journal brings up.
• 27:06
  Housing cost. Housing cost.
• 27:09
  It's it's economics 101. You probably learned this in
• 27:13
  high school. You probably learned it in
• 27:16
  college. If you went to college, or if
• 27:18
  not, you've heard it, you should never spend more than 30% of
• 27:22
  your income on housing, whether rent, mortgage payment, whatever
• 27:26
  the case may be, it's always been around 30%.
• 27:30
  Now, right now, because the housing cost have gone through
• 27:33
  the roof, people are spending 43% of their income on housing
• 27:39
  cost alone. Are you above that or are you
• 27:41
  below that? Because that's the average.
• 27:44
  Hopefully you're below that. Okay.
• 27:47
  We talked already about how mortgage rates have gone through
• 27:50
  the roof, real wages and again, the Wall Street Journal knocking
• 27:54
  this out of the park. Real wages and purchasing power
• 27:58
  Down, down, down, excess savings, down, down, down.
• 28:05
  The Wall Street Journal, they're not pulling any punches.
• 28:09
  They're actually out right now in the public saying Bidenomics,
• 28:13
  if it's such a great thing and it done so, so great.
• 28:17
  The reality is for America it's much, much different.
• 28:22
  It can't get much worse without causing a major issue crisis in
• 28:29
  this country. Is that what they're trying to
• 28:31
  do? I mean is that what is that the
• 28:33
  plan here? Default, right, A massive reset
• 28:38
  of everything. That's one of the options
• 28:40
  definitely. Really we're at a point where we
• 28:43
  have a fork in the road right now because of the screwed up
• 28:47
  financial condition and monetary condition that our country as a
• 28:51
  whole finds itself in, right? Government, business, banks,
• 28:55
  consumers, everybody else. We're at a fork in the road.
• 28:59
  Are they just going to go for a complete utter reset?
• 29:02
  Could it be, you know, a crisis that will allow them to then
• 29:06
  roll out the much feared CBDC where they can control how much
• 29:12
  money you get, where you spend it, how fast you spend it, how
• 29:16
  slow you spend it, right. That's one of the options.
• 29:19
  Another option, right? The other fork in the road is
• 29:22
  what I think is probably a little more likely, which is
• 29:26
  mathematically the only way out of this hole and not even out of
• 29:31
  the hole. But to sustain the screwed up
• 29:34
  situation we're in a little bit longer is to inflate it away.
• 29:39
  Okay. Either one of those two options
• 29:42
  present a very conducive environment for the price of
• 29:47
  gold, for the price of silver, for the price of platinum.
• 29:51
  Is it any wonder right now we've just we've we've just spent a
• 29:55
  whole half hour. And I am so glad that you're
• 29:58
  with me. You're a basement dweller.
• 30:01
  Welcome. A whole half hour just talking
• 30:04
  about the United States. You're watching me implode live
• 30:12
  on camera anyway, just talking about the United States.
• 30:17
  So is it any wonder that when we talk about China or Russia or
• 30:23
  India or Brazil or Saudi Arabia or the United Arab Emirates or
• 30:29
  Iran or North Korea or any any number of a growing number of
• 30:37
  countries that they're looking at what we're doing and saying,
• 30:42
  you know, guys, we're not interested in playing, playing
• 30:45
  with you anymore. We're not interested in your
• 30:49
  rules and your you can't even take care of your own house.
• 30:55
  And you're over here telling us how we need to take care of our
• 30:58
  house and potentially bullying us around.
• 31:01
  Is there any, is there any wonder think about this, Why
• 31:05
  would any of those countries? I'm just throwing this out
• 31:08
  there. I don't like it.
• 31:09
  I don't think you like it either, but it's just the
• 31:12
  reality of the situation. Why would any of those countries
• 31:16
  want to hold a material amount of U.S. dollars or U.S.
• 31:21
  Treasuries when they look at what's going on in the United
• 31:24
  States? Again we don't like it and we
• 31:27
  didn't cause it, but it's just the facts of the matter.
• 31:31
  They're looking and they're saying well you're not in a very
• 31:35
  your your your situation doesn't look too good.
• 31:38
  Even if we do hold your treasuries or we do hold your
• 31:40
  dollars as a reserve currency, we're guaranteed to lose money
• 31:45
  right because it inflation it's the value of the real value of
• 31:49
  the dollars going down. Oh, and there's this other
• 31:52
  factor that we're not real keen on if we're Russia or we're
• 31:57
  Brazil or we're Argentina or we're China.
• 32:01
  And that is that you can decide on a whim because of what they
• 32:06
  what what is commonly referred to as the weaponization of the
• 32:09
  US dollar to seize our assets from us.
• 32:13
  Is it any wonder that they're that the world is bifurcating
• 32:16
  and that those countries are working together now to say we
• 32:21
  didn't want to do this, It was kind of nice while it worked,
• 32:24
  but now we don't think we want to play with you anymore.
• 32:29
  And when it comes to silver and it comes to gold and you're
• 32:33
  talking about this bifurcation and you're talking about over
• 32:37
  half of the world's population and you're talking about massive
• 32:43
  amount of economy and you're talking about growing economies
• 32:47
  and and double, double kicker. I like to we like to talk about
• 32:52
  the ick where if we just talk about two of those countries,
• 32:55
  India and China, right, 2.8 billion people like 9 times what
• 33:01
  we have in the United States, their economies are expanding.
• 33:05
  Oh, and their middle class, what's going on in the United
• 33:09
  States. Thank you, Jim.
• 33:10
  Thank you for that super chat. Thank you.
• 33:13
  Thank you. What's going on in the United
• 33:14
  States. Our middle class is getting
• 33:16
  annihilated thanks to. I can't, I'm sorry, I just got
• 33:21
  to say it. Thanks to Bidenomics, right.
• 33:23
  India and China, massive population growing, economy
• 33:27
  growing middle class. Oh, and by the way, I'm just
• 33:32
  going to leave you watch there at the barrel.
• 33:34
  Talk to you by the way, By the way, Henry, all those things I
• 33:40
  talked about about just India and China, the people in those
• 33:43
  countries, they also love precious metals.
• 33:47
  I heard last night that since 1995, there's been 45,000 metric
• 33:52
  tons of gold that has moved from the West to the East.
• 33:59
  America's screwed up. You didn't cause it.
• 34:02
  I didn't cause it. The world seems to be
• 34:05
  recognizing that. OK, I'm sorry.
• 34:09
  I don't like it again. I know I say that 15 times.
• 34:13
  I'm an American patriot, right? I love my country.
• 34:16
  I don't love what some of the decisions that our leaders have
• 34:19
  made over the last several decades.
• 34:21
  The world doesn't like it either.
• 34:25
  Yeah, and when we look at gold and silver right now, don't
• 34:28
  forget, don't forget, don't forget they used to base the
• 34:33
  money in the United States up till 1971 on gold and silver.
• 34:37
  And suddenly that became a bad idea.
• 34:40
  But the world has valued gold and silver for thousands and
• 34:43
  thousands of years as a base, as a tether.
• 34:47
  Thank you for that super chat. My friend split.
• 34:50
  I can't read it. Splits, splits.
• 34:52
  Split splits in truth. Thousands of years.
• 34:56
  What's in truth, right? Gold and silver been valuable.
• 35:00
  Has always been the base of money.
• 35:04
  And I think it's funny, I like to throw this out.
• 35:07
  It's not just us. And it's not just a belief.
• 35:11
  Those are facts. Those are hard facts.
• 35:14
  But I love to throw this one out.
• 35:15
  What do you think? What if I told you that there
• 35:17
  was a Federal Reserve economist, right?
• 35:20
  A long time, and he didn't die that long ago who thought the
• 35:25
  same darn thing, huh? How would you feel about that?
• 35:30
  But suddenly, just here in the last 50 years, everything's out
• 35:32
  the window. Yeah, whatever.
• 35:34
  You know, all kinds of stuff's been thrown out the window.
• 35:37
  We won't go down that rabbit hole.
• 35:39
  But John Exter, who developed Exter's Pyramid, the upside down
• 35:43
  pyramid that shows that gold and silver, the base of real money.
• 35:46
  He was from the Federal Reserve. He believed it as well.
• 35:50
  It's going to be interesting. the Fed is out of ammo,
• 35:55
  unfortunately. Right?
• 35:57
  The numbers don't lie, right? The Power of Mathematics.
• 36:01
  Mathematics Show NO00. Mathematics show 0.
• 36:08
  Forgiveness on the altar of truth.
• 36:10
  There's no subjectivity. There's no judgment call as to
• 36:14
  whether or not 8 + 8 = 16. There's no judgment call
• 36:19
  regarding whether or not $33 trillion in debt is a problem
• 36:26
  and a $1.4 trillion deficit is a problem.
• 36:31
  And a $1 trillion annual and growing interest expense for our
• 36:37
  government, which just adds more to the national debt, which adds
• 36:40
  more to the interest expense. That right, there's no judgment
• 36:44
  call on that. That's that's numbers, that's
• 36:47
  hard facts. Just like 8 + 8 = 16. the Fed
• 36:51
  may want to think that 8 + 8 equals, I don't know, 14 or 20.
• 36:56
  But no math shows no forgiveness on the altar of truth.
• 36:59
  That's the that's the the reality.
• 37:02
  Hey, if you want to protect yourself with some gold and
• 37:05
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• 37:13
  Newmeyer, the founder. Go check them out
• 37:16
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• 37:20
  out to their Director of Investor Relations,
• 37:22
  paul.morrispaul@firstmininggold.com. He's a great guy.
• 37:27
  He knows that company. The most exciting thing right
• 37:31
  now is they have a literally millions of Oz of gold in the
• 37:35
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• 37:37
  Ontario and Du Parquet in Quebec, both of which have 5
• 37:41
  million ounces of gold in the ground already been drilled,
• 37:46
  already been defined. All that and they're actually
• 37:50
  exploring for possibly right? You never know with exploration,
• 37:53
  but possibly to find even more gold.
• 37:56
  It's a stock I've owned for years.
• 37:58
  I only take sponsorships. Same thing with PIM Beck's, with
• 38:02
  companies that I either own right?
• 38:04
  And I'm an owner of first mining gold technically, or that I do
• 38:08
  business with OK, I eat my own cooking, right?
• 38:11
  So just my opinion, I think it's a great value.
• 38:16
  Mining stocks are risky. Do your own due diligence, OK.
• 38:20
  But I think it represents a great value and I kind of like
• 38:23
  the fact that I own a bunch of gold in the ground in Canada.
• 38:26
  And by the way, they've got four other projects as well on top of
• 38:30
  those two that I mentioned, the two 5 million ounce projects.
• 38:34
  So check them out. Hey, be good.
• 38:36
  Thanks for being here today, you.
• 38:38
  I want to wait a minute. Wait, wait, wait, wait, wait.
• 38:40
  Well, we got 199 thumbs up. Thank God I don't have to ring
• 38:44
  the cowbell. Thank you.
• 38:49
  Coin Shop Chris, right. We're going to, we're going to
• 38:52
  torture Coin Shop Chris with a Ding Dong on the screen.
• 38:57
  Furthermore, we're going to say thank you to Jake from Jake's
• 38:59
  Custom Parts, another awesome moderator.
• 39:02
  I think I saw Neil here. If I'm missing someone, all the
• 39:07
  moderators are super helpful. Thank you for the Super Chats.
• 39:14
  Thank you, thank you, thank you, thank you, thank you.
• 39:19
  Let's see who gets who get Ralph Hart.
• 39:21
  Cowbell. Ralph, when you speak, I listen.
• 39:28
  For those of you don't know, we ring the cowbell when we get to
• 39:30
  200 thumbs up because that's our show of solidarity, our
• 39:33
  friendship. Oh, brother.
• 39:41
  Stacking surfer, good to see you.
• 39:43
  James Berryhill, My Carrera. Of course.
• 39:47
  Jake, Did we just get a super? Yeah.
• 39:49
  Neil from Neil. Hans Dynasty.
• 39:51
  Jim McDaniel Ring on. Yeah, the bells have been
• 39:57
  special, Randy. What?
• 39:58
  Shell says he bought some silver from Pin Becks, but there was no
• 40:02
  place to tell them that. I heard about them from you.
• 40:04
  While I appreciate the thought, I don't get a Commission or
• 40:07
  anything like that on on sales, but I do like it when you guys
• 40:12
  tell Pin Becks that you heard about the company through Ron's
• 40:15
  basement. All right, guys.
• 40:17
  Bring it hard. All right, Jake.
• 40:22
  See you guys. Be good.
• 40:24
  All right. And I'm telling you, I believe
• 40:26
  we got some bright days ahead, months ahead for the silver
• 40:30
  price and gold price.