Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 ALERT 🚨 - CRITICAL NEWS Released for Silver Price and Gold Price

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🚨 ALERT 🚨 - CRITICAL NEWS Released for Silver Price and Gold Price · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:03
  Silver and Gold will be impacted this week by massive news
• 0:07
  stories. We're going to cover all of
• 0:08
  those. You want to know what's going to
• 0:10
  happen with Silver and Gold? We're going to get to the bottom
• 0:14
  of it in this video. We're also going to talk about
• 0:15
  the Hunt brothers. We're going to talk about a
• 0:18
  central bank rebellion. We're going to talk about a lot
• 0:21
  more. But let's dive in right away and
• 0:24
  take a look at what we have to expect this week from a news
• 0:28
  front. Because guys, it is a big, big
• 0:31
  week. We are at the Venviz economic
• 0:35
  calendar for this week. As you can see, nothing today,
• 0:39
  tomorrow, Tuesday, April 30th, nothing major.
• 0:44
  But if we go to Wednesday, that's when the real data starts
• 0:48
  coming in. This is data that will impact
• 0:51
  the silver and gold price. But is the Fed sunk?
• 0:53
  Is the Fed nothing but a big shipwreck?
• 0:56
  We're going to talk about that as well.
• 0:59
  But this Wednesday we'll get the ADP employment numbers.
• 1:02
  We'll then get the ISM manufacturing index.
• 1:05
  See that little red? Exclamation point.
• 1:08
  That means it's very impactful, very important.
• 1:10
  So we keeping an eye on that. Big news of the week though.
• 1:15
  This Wednesday at 2:00 PM Eastern down there at the very
• 1:19
  bottom, we're going to get the FOMC rate decision.
• 1:22
  What is that? The Federal Open Market
• 1:25
  Committee, Federal Reserve. That's what our old friend
• 1:27
  Jerome Powell's going to talk about.
• 1:30
  And and let's emphasize This is why it's such a big deal.
• 1:33
  It's nothing but talk at this point.
• 1:37
  He's going to talk about what's going on with rates.
• 1:40
  They'll be the big announcement. No one is expecting rates to get
• 1:44
  cut. No one is expecting rates to to
• 1:47
  rise, but what we're expecting and what now the market is
• 1:52
  priced in and we're gonna talk about why this is so important,
• 1:56
  what it means for the US dollar. But the big catch phrase now,
• 2:00
  right, you know they always have something they're talking about
• 2:03
  is quote UN quote higher for longer, so.
• 2:07
  We'll be, we'll be. Listening to what Jerome says,
• 2:10
  don't forget guys that he has become nothing but a public
• 2:14
  relations firm. Managing perceptions.
• 2:17
  I'm hearing it said many different ways.
• 2:20
  You know what? I got, I got.
• 2:22
  I got to spill the beans for you.
• 2:24
  Silver and gold have figured him out.
• 2:27
  Sorry, Jerome. Sorry.
• 2:29
  You know you can fool. You can still fool Wall Street.
• 2:34
  You can still fool a lot of the American public, but you can't.
• 2:38
  Fool silver and gold and you can't fool us.
• 2:40
  Basement dwellers. And by the way, basement
• 2:42
  dwellers, thank you for being here.
• 2:44
  Yes, I'm talking to you. It's a big deal.
• 2:47
  You're here. It's a big honor.
• 2:49
  Thank you. Please give this a thumbs up.
• 2:51
  Subscribe to the channel if you haven't.
• 2:53
  We'll put out a new piece of content every single day.
• 2:56
  Something about silver and gold. We'll have some fun.
• 2:58
  We'll joke around. You see your screen and that's
• 3:01
  it. What screen?
• 3:02
  Not you, but like your screen share.
• 3:05
  Yeah, that's what I want. OK?
• 3:07
  Sorry guys, Susie was yelling at me.
• 3:09
  We're looking at the economic. What?
• 3:13
  Oh, Susie was speaking loudly down the steps.
• 3:16
  She thought I was making a mistake.
• 3:17
  Let me go back here. Yep.
• 3:20
  Nope. That's what I want.
• 3:21
  Thank you, though, Susie. And hold on.
• 3:27
  OK, where was I? OK, back to the economic
• 3:32
  calendar. And thank you for the Super
• 3:34
  chats, guys. Friday is another major day that
• 3:38
  will impact the price of silver and gold.
• 3:41
  That's when we get the employment numbers.
• 3:43
  OK, non farm payrolls Friday morning.
• 3:46
  We'll also get the unemployment rate.
• 3:49
  Now we got to realize. All right.
• 3:50
  Here. I'll get you back.
• 3:51
  Susie. Susie was afraid you guys were
• 3:53
  missing seeing my face. Welcome back to the basement,
• 3:56
  Basement dwellers. We got to realize all this
• 4:00
  stuff, all these numbers especially right now, what are
• 4:04
  we, six months, seven months before a big election.
• 4:07
  Those numbers are make believe fairy land numbers and anyway
• 4:12
  right the GDP numbers, the inflation numbers, the the, the
• 4:16
  big employment number that we'll get this week, they are going to
• 4:20
  be manipulated and massage to work into whatever they want to
• 4:25
  do here for the next 6 to 8 months leading up to the
• 4:28
  election, right so that they can do whatever policy moves they.
• 4:33
  The bottom line is the absolute bottom line for you to remember
• 4:37
  and me to remember is gold and silver have them figured out.
• 4:41
  Let's run out the Pemex real quick and just see we were
• 4:44
  struggling a little bit this morning with the gold price and
• 4:47
  the silver price. We're going to refresh.
• 4:50
  Hey, Silver's. Green Thank you, Pemex.
• 4:53
  We love when there's green numbers at the top of the
• 4:56
  screen. Green at the top of the screen.
• 4:59
  Hey, while we're here, let's say thank you to channel sponsor
• 5:01
  Pimbex Pi MB EX. As you can see on my screen,
• 5:07
  they are an online bullion dealer.
• 5:10
  I worked with them before they sponsored the basement.
• 5:13
  It's a great place to buy gold, silver, platinum group metals,
• 5:18
  right? But you want to work with a
• 5:19
  company you can trust. I found.
• 5:21
  I trust Pimbex, and I know a lot of our fellow basement dwellers
• 5:25
  trust Pinbex as well. I get e-mail after e-mail.
• 5:29
  What you get at Pinbex are the best prices, great selection,
• 5:33
  and great service. If you ever want to convert part
• 5:35
  or all of an IRA into precious metals, check out what they can
• 5:40
  do for you in that regard as well.
• 5:42
  I think we'll always find that when we deal with Pinbex, we get
• 5:46
  good quality and more metal for our money.
• 5:49
  Let's go back and let's look at each other again.
• 5:52
  Hello, my friends, basement dwellers, You know, think about
• 5:56
  it. We're all together.
• 5:57
  We're all over the world. The last few days I've said, hey
• 6:00
  guys, put in the chat where you're joining us from.
• 6:03
  We are like dispersed all over the United States, but all over
• 6:07
  the world as well, right? But we are an elite group of
• 6:11
  people that understands, right, understands what's going on in
• 6:16
  the system, the dollar being printed into oblivion.
• 6:19
  We're going to talk a little bit more about that a little bit
• 6:22
  later. But the one thing, right, the
• 6:24
  medicine, the elixir, if that's the right word for that, are
• 6:28
  gold and silver. It's becoming by the day.
• 6:32
  Are you experiencing this more and more clear?
• 6:35
  To me, right. Inflation is theft.
• 6:39
  Inflation is theft. Why would you work?
• 6:43
  I was talking to my dad last night.
• 6:44
  Like, why would somebody work for this stuff?
• 6:47
  Gotta make sure I get the right one 'cause I have a silver
• 6:49
  certificate over there. Right?
• 6:51
  You work for this, right? Us, us, unfortunate middle class
• 6:56
  Americans, and store our wealth in this and it's guaranteed to
• 7:00
  go down in value. Are you kidding me?
• 7:03
  Yes, they must be kidding me. It's a shipwreck.
• 7:06
  OK, They're going to manipulate the data that we get this week.
• 7:09
  Again, big news Wednesday, the Fed decision.
• 7:13
  Big news Friday. The employment numbers, the
• 7:16
  employment numbers, the Bureau of Labor and Statistics are a
• 7:21
  complete joke. I'm sorry.
• 7:24
  That's what they are. Sure.
• 7:26
  Yeah, we we won't even get into it.
• 7:28
  But let's just realize the jobs in all of these numbers are
• 7:32
  going to be are going to be massaged and manipulated to suit
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  whatever agenda that the government and the Fed has, OK,
• 7:39
  we are seekers of truth, all right?
• 7:41
  Or as close to the truth as we can get.
• 7:43
  Look, just don't listen to me. Do your own due diligence,
• 7:46
  listen to other people, listen to opinions and form your own
• 7:49
  opinions. But interesting, I heard Lynette
• 7:52
  Zhang say just last night in an interview that she's she did
• 7:57
  some some back of the napkin calculating this is gonna blow
• 8:00
  you away on the gold price. And she calculated that it would
• 8:04
  take almost a $40,000 gold price to back all the debt, all the
• 8:10
  currency in the world and are we moving toward that right.
• 8:15
  And I've heard other people talk about gold at 4550.
• 8:18
  Seventy 80,000 to back all the debt to 300 trillion in debt
• 8:23
  that we have in the world. What do you think that would do
• 8:26
  to the silver price? Oh you know, right.
• 8:32
  Can we say thousands? We'll see you know how all this
• 8:35
  plays out but the world. And we talked about the Steve
• 8:38
  Forbes. Yes, that's Steve Forbes right.
• 8:40
  The editor in chief of Forbes magazine has just publicly
• 8:44
  stated the world is lurching towards the gold standard.
• 8:49
  These little things that happen in Zimbabwe, these big things
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  that are happening in the BRICS countries, guys, the world is is
• 8:59
  by default going back to what real money is.
• 9:02
  There's some law, right? I forget what it's called.
• 9:04
  I don't think it's Gresham's law, but good money replaces the
• 9:08
  bad money. And I'm telling you that's what
• 9:10
  we're seeing right now. This is some unbelievably I
• 9:13
  thought this was one of the best pieces of analysis and it's
• 9:16
  fast, but they're talking about $8000 gold.
• 9:21
  This is from FX Empire Gold Price Forecast.
• 9:24
  The bull run in gold miners. But don't worry guys, this this
• 9:28
  covers silver, platinum, and the mining stocks.
• 9:31
  And this is short but powerful. A couple really cool grass they
• 9:35
  have in here. After years of going nowhere,
• 9:38
  Gold launched into the next stage of its bull market.
• 9:41
  While the inexperienced investor might feel inclined to
• 9:45
  capitalize on recent profits, such a move could prove
• 9:48
  detrimental in the long run. Gold and silver miners have
• 9:52
  underperformed the metal for years.
• 9:54
  Recent evidence suggests that they may be that may be changing
• 9:58
  now. This is interesting.
• 10:00
  The gold cycle indicator. It says our gold cycle indicator
• 10:06
  finished at 2:36. We hedge our mining portfolio
• 10:11
  once it advances above 350. Let me see if I can pull this up
• 10:17
  for you, which I can, OK. This really cool little wheel,
• 10:21
  that's their gold cycle indicator is still on neutral
• 10:26
  guys. OK, It's got a long way to go.
• 10:30
  Imagine that dial getting turned to the right and that's when it
• 10:33
  would be in the topping phase, minimum and maximum.
• 10:38
  They're saying there's still a long, long way to go for for the
• 10:42
  gold price. And you know what?
• 10:44
  That means. The same thing for silver.
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  But don't worry, they talk about silver down here as well.
• 10:50
  So let's see what they had to say about our friend silver.
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  We'll get to that gold monthly. The monthly gold chart confirmed
• 10:58
  a major breakout, and we think prices could test $3000 in 2024.
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  I think Citibank agrees with them.
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  And I'm telling you, that's 5055.
• 11:11
  I mean, silver goes, it's gonna really go $5560 silver by 20-30.
• 11:19
  Sit down. All right, hold on to your
• 11:21
  socks, 'cause they're they might get knocked off here by 20-30.
• 11:25
  We see prices trading over $8000 and again guys, here is why I
• 11:31
  think this is a great chart when we look at this is gold, right,
• 11:35
  going all the way back to what, 1994.
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  Up, up, up, up, up. Here we are in 2011, right about
• 11:42
  2000 we do the big cup. OK.
• 11:45
  Up till what was that, 2021, right?
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  That's the That's the cup. Here's the handle and we have
• 11:53
  broken out right. This is the most powerful, the
• 11:57
  most reliable technical chart pattern in the.
• 12:00
  History of the. Universe.
• 12:03
  Well, maybe I'm exaggerating a little bit, but it is very
• 12:06
  highly regarded and some people do call it and they also, here's
• 12:10
  the critical thing when you're looking at this cup and handle
• 12:13
  in gold is that it happened over such a long period of time, 14
• 12:17
  years. And the longer the period of
• 12:20
  time, the more reliable and the more powerful the move is and
• 12:24
  we're seeing that right here. Do you like the looks of this
• 12:27
  blue? Line that goes up to 8000 by
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  2030. Let's get rid of the question
• 12:33
  mark. I'll cover it up with my little
• 12:34
  pointer there. There we go by 2030 in the near
• 12:41
  term, gold is consolidating. We got to remember that guys,
• 12:44
  right? We we could see a gold pull
• 12:46
  back. After spiking the 2450, we think
• 12:49
  prices could challenge 2500 before slipping into the next
• 12:54
  four months cycle low in mid June.
• 12:57
  So these guys are being realistic.
• 12:59
  They're saying we can see a pull back in the gold price by mid
• 13:03
  June all right now. Let's go to silver.
• 13:06
  Silver is taking a breather. After spiking above $29.00 we
• 13:10
  see the potential for a significant short squeeze above.
• 13:14
  30 exactly. I'm telling you, this is the
• 13:18
  most exciting metal on the face of the earth, right?
• 13:22
  I hear all types of the the guys out there.
• 13:25
  Gregory Mannarino, Who's the guy?
• 13:27
  Economic ninja. All the, all the.
• 13:32
  Everybody saying silver is the most undervalued asset on the
• 13:36
  face of the earth? And how many times have we
• 13:39
  talked? About the fact.
• 13:40
  That once once silver gets above 3032, it is a clear shot in my
• 13:47
  opinion. Don't make any financial
• 13:49
  decisions based on what I'm saying, but a clear shot up to
• 13:53
  50. Look, I talked about $2600 gold
• 13:57
  in May of this year and everybody thought we were crazy
• 14:01
  for talking about that. We are still within cannon shot
• 14:06
  of hitting that $2600 mark. And I'm telling you, when silver
• 14:10
  gets above that $32 in my mind is the for all intents and
• 14:16
  purposes the all time high. There just aren't a lot of
• 14:20
  people who bought silver at 38. Forty $45 per oz.
• 14:26
  Very few people waiting for silver to get up there so they
• 14:30
  can sell. That means there won't be
• 14:32
  sellers. That means silver investors, Can
• 14:35
  you imagine how would you feel if we had a silver price $10
• 14:39
  higher right now, right. You wouldn't be thinking about
• 14:41
  selling. You might think you'd be
• 14:43
  thinking about selling, but you wouldn't.
• 14:45
  No, nobody is. And my gosh, with everything
• 14:48
  going out on in the world with silver, the Chinese government
• 14:53
  telling their citizens that now would be a good time to start
• 14:56
  investing in silver. I heard somebody say the other
• 14:59
  day there's only 1.4 billion people in China.
• 15:04
  So imagine if everybody bought just one ounce.
• 15:06
  Oh oh, that would pretty much wipe out the world supply of
• 15:11
  silver that's created every year through mining and recycling
• 15:15
  efforts. I digress.
• 15:19
  Currently silver prices are consolidating ahead of next
• 15:22
  week's Fed announcement. What the Fed's going to talk No,
• 15:27
  isn't that what the Fed's good at talking?
• 15:29
  Platinum, We'll just touch on. Platinum here remains deeply
• 15:32
  undervalued, and we see prices trading at parity with gold
• 15:36
  later in the decade. Listen to this It says in the
• 15:39
  early 2000s, platinum prices were often double that of gold.
• 15:44
  That would be like almost $5000 platinum right now, but we know
• 15:48
  it's, last I checked. Still hovering below.
• 15:53
  Let's go check. Platinum's below 1000, right?
• 15:56
  Yeah, 941 per oz. Now let's talk about the mining
• 16:02
  stocks real quickly. The pattern in miners is
• 16:05
  remarkably symmetrical. The recent pullback in the GDX
• 16:08
  to 3250 appears to be complete, and we see miners taking the
• 16:13
  lead and outperforming metals from here.
• 16:16
  GDXJ, same thing. OK, OK.
• 16:20
  The big deal silver miners, right?
• 16:23
  Pretty much the same thing, guys.
• 16:25
  The big deal here to remember with the silver miners and the
• 16:29
  gold miners is they have not kept up with the massive price
• 16:33
  increases that we saw in gold in particular and silver.
• 16:39
  There's a big gap. Either the the metals have to
• 16:42
  come down or the miners are going to have to go up.
• 16:45
  And do you think the metals are gonna come down?
• 16:48
  They could, we could get some consolidation.
• 16:50
  But we don't care what this is. We know, we know that the future
• 16:54
  looks super bright for the metals, right.
• 16:57
  If we get this June consolidation, the gold bull
• 16:59
  market is in full swing and sub 2000 prices may be forever.
• 17:04
  In the past we talked, we talked about that months ago, right.
• 17:08
  We are probably never going to see a gold price that starts
• 17:12
  with A1 until we're talking about 10,000 per oz.
• 17:17
  Gold miners are on the move and have a lot of potential.
• 17:21
  Silver could rip to the upside once it gets above $30.00.
• 17:26
  I we agree with these people. This is from AG Thorson,
• 17:30
  apparently he was the author here from the FX Empire website.
• 17:34
  So I don't know guys, right? Am I alone in seeing this
• 17:40
  future? I mean it is unbelievable.
• 17:42
  Silver also broke out of this long term wedge.
• 17:46
  Remember the wedgie, right? Silver had been pushed.
• 17:49
  Is is broken out of that another big let's go Silver.
• 17:52
  Hi ho Silver. Oh wait, I love gold.
• 17:56
  I love gold mining stocks. But man, I love.
• 17:59
  Silver. Physical Silver.
• 18:01
  I know you guys do too. Let's talk about.
• 18:04
  Briefly. Big news the.
• 18:06
  Bank failed. We had a bank failure on Friday.
• 18:08
  Why do they always do it on Friday night?
• 18:10
  Why? Think about that.
• 18:13
  Do you think? Why isn't it funny?
• 18:15
  Isn't it a little suspicious to you?
• 18:17
  Never. You know things that I hate
• 18:19
  this, but I'm gonna say it. Things that make you go.
• 18:22
  You ever wonder why so many banks fail on Friday night after
• 18:27
  the market closes? Every single bank.
• 18:30
  I mean, what do they like? Takes them all week to tally up
• 18:33
  the numbers and say, you know what, you know what, We're
• 18:36
  broke. We better fail this bank.
• 18:40
  It's always Friday night. We had a not a huge bank, but a
• 18:44
  big regional bank go broke on Friday night.
• 18:47
  Two big things, right? Things that make you go home or
• 18:51
  home or whatever however you want to do it.
• 18:53
  Let's talk about this. Remember the BTFP, the bank term
• 18:58
  funding program went bye bye like a month and a half ago.
• 19:03
  All right guys, that was the bailout for all these banks that
• 19:07
  have all they're all well most of the banks out there are.
• 19:12
  I don't want to use insolve it. It's the only word I can use,
• 19:16
  right. They don't have enough money to
• 19:18
  cover all the deposits, not all the banks.
• 19:22
  I'm not trying to close this, but it's just a a reality.
• 19:25
  They say they do because, right. Because because they are able to
• 19:30
  to not realize their losses. They would.
• 19:33
  I'm telling you, it'd be like you telling your wife, hey, I'm
• 19:38
  going to take that 100,000 that we have we have in our bank and
• 19:42
  I'm going to transfer to a brokerage account and I'm going
• 19:44
  to buy XYZ company stock. And you buy the XYZ company
• 19:49
  stock. And then a year later, right,
• 19:52
  Instead of having 100 grand because you didn't make a good a
• 19:55
  good stock pick, it's instead of being worth 100, it's worth 60
• 19:59
  grand. And you're like, what?
• 20:00
  You know what, honey? We're just not going to.
• 20:02
  We're not going to realize it. We're not going to realize that
• 20:05
  we've lost that money. And that's fine, right?
• 20:07
  It'll come back. It always comes back, honey.
• 20:10
  It always comes back until your little, your honey or your
• 20:13
  husband, whatever. Doesn't matter.
• 20:15
  We have ladies that are watching us now.
• 20:17
  Says. Hey, I want to use that 100
• 20:19
  grand that we used to buy that stock to to to to remodel the
• 20:24
  house and you say, well, I got to tell you, we got a little
• 20:28
  trouble. I didn't, we didn't realize
• 20:31
  this, but that's that stock's only worth 60,000.
• 20:34
  That's exactly the situation that the banks are in.
• 20:38
  Now. I'm hearing different numbers,
• 20:40
  but I think according to the Fed or according to the FDIC,
• 20:43
  there's like 600 billion worth of unrealized losses sitting on
• 20:48
  bank balance sheets, maybe even higher than that.
• 20:52
  And the absolutely frightening thing is that rates are AT and
• 20:58
  we've looked at this chart too many times, but rates are at A
• 21:01
  at a point right now that are putting so much stress.
• 21:05
  Think about this. Think about this right The
• 21:08
  interest rates now are higher than they were fourteen months
• 21:12
  ago when we had like these massive bank failures where they
• 21:16
  had to create the BT. Are we heading?
• 21:18
  We could be heading into very, very, very scary times.
• 21:22
  OK, we are in. How does this make you feel as
• 21:26
  an American now? Hopefully this scares you.
• 21:29
  I don't want to come on here and you know, but we're being real.
• 21:33
  This is why you own silver and gold.
• 21:35
  We are in the exponential phase of a debt problem in the United
• 21:41
  States. Government Debt, corporate debt,
• 21:44
  consumer debt, anywhere you want to slice it or dice it, Auto
• 21:48
  debt, student loan debt, credit card debt, they all fit into the
• 21:51
  same big We are in the exponential phase.
• 21:55
  Is it any wonder? So now I want you to ponder this
• 21:58
  question. The gold price is exploding,
• 22:02
  huh? Right.
• 22:02
  We hear that, right? The gold price is exploding, but
• 22:06
  it's really exploding in foreign currencies in the United
• 22:10
  Kingdom, in Canada, right. Not just the dollar.
• 22:13
  OK, not just the dollar. It's, it's.
• 22:17
  But this is. And I'm, I got, I got, I got not
• 22:20
  yelled at, but this was brought up to me, and I've heard other
• 22:22
  people say this as well. It's not so much that the price
• 22:27
  of gold is exploding higher. It's the fact that these Fiat
• 22:31
  currencies are imploding right now. the US dollar, the yen,
• 22:37
  right? There's all kinds of craziness
• 22:39
  going on right now. With the Japanese yen, it hit
• 22:41
  like a 30. Four year low today.
• 22:43
  There's a little tidbit you can use when you go to the I bet
• 22:46
  you're gonna go to the club, the Country Club for lunch.
• 22:50
  You can tell your friend. Did you hear the yen?
• 22:53
  Is it a 34 year low against the dollar?
• 22:55
  Right. It's not that the gold price is
• 22:58
  going up and we don't even want to think of gold in terms of
• 23:01
  dollars or yen or EUR or silver. Same thing.
• 23:04
  No, we think of it in terms of Oz.
• 23:06
  But the reason why, when you do decide to price it in Unicorn
• 23:10
  fart, dust paper, Fiat, promissory, funny money, the
• 23:15
  list goes on and on, right? The reason it is going up so
• 23:18
  much is because those currencies are imploding.
• 23:22
  Rising gold is a symptom. Rising gold, measured in Fiat
• 23:26
  currency, is a symptom of failing currency or currencies.
• 23:32
  OK oh, hey, something so critical.
• 23:36
  I wanted to tell you about that. Oh, it's like it's like this.
• 23:39
  Think about it like this. I want you to think of three
• 23:42
  ships on the ocean. All of them are sinking.
• 23:46
  The SSUS dollar, the S S Japanese yen, and the S S Euro.
• 23:51
  Three ships, they all are taking on water.
• 23:55
  OK, but one of them sinking faster than the all of them.
• 23:58
  All. That's the yen, right?
• 24:00
  They're really in trouble. The yen ship is all the
• 24:02
  Japanese. Like, I'll get me off this boat,
• 24:04
  right? The Euro ship is also sinking.
• 24:07
  Not as fast as the in the dollar 'cause, you know, the dollar's
• 24:10
  strong. The dollar.
• 24:11
  This is this is. Mind blowing to me when I hear
• 24:15
  these, you know, CNBC people saying, well, the dollar's been
• 24:19
  so strong, right? So the dollar, the s s dollar
• 24:22
  ship is the ship that's sinking the slowest of all three of the
• 24:26
  ships, right? But this, this is, is, is, is,
• 24:31
  is, is good news for us precious metal investors because even
• 24:36
  though, even though right, the dollar's so strong, guess what's
• 24:41
  even stronger? The gold price and the silver
• 24:44
  price. And what does that tell you?
• 24:47
  What does that tell us? That tells us that in real terms
• 24:51
  real, not make believe. You know they're over in
• 24:54
  fantasyland over here. Oh, the dollar, the yen, blah,
• 24:57
  blah, blah. In real world, that's where we
• 25:00
  are, baby. You're in the basement.
• 25:02
  We're in the real world. The dollar is losing value in
• 25:06
  real terms. There's no other way to say it
• 25:09
  if the dollar is so quote UN quote strong.
• 25:12
  But the gold price is a little bit stronger and the silver
• 25:16
  price lately. A little bit lap, bit stronger.
• 25:20
  That can only mean one thing, right?
• 25:22
  Gold and silver are the king. All right, we got a lot more to
• 25:25
  talk about the world. Oh, we got, we got, we have.
• 25:29
  What's the word? I wrote down rebellion.
• 25:32
  We have rebellion within the world of central banks, right?
• 25:36
  That's also different. Right now I think it was
• 25:39
  Switzerland raised rates, things are falling apart, OK.
• 25:44
  And as the Fed is only now engaging in perception
• 25:49
  management, be ready, be ready for Wednesday.
• 25:52
  We're going to get, we're going to get a big dose of perception
• 25:55
  man higher for longer. We're going to Bah Bah and gold
• 25:59
  and silver are over there laughing, saying whatever.
• 26:01
  Jerome, you are in a sinking ship on the bottom of the ocean
• 26:06
  at this point. Right.
• 26:08
  Like Charlie Brown school teacher.
• 26:10
  That's that's what we're how we're going to listen to.
• 26:12
  What do you say? What do you say No, sorry.
• 26:16
  Right. We got to go to Charlie Brown
• 26:18
  math class. And when we do that and we apply
• 26:20
  basic mathematical principles to what's going on, it's not a good
• 26:24
  thing. OK, Be your own central banker.
• 26:28
  That's the solution for all of this, all right?
• 26:31
  If you if you realize that what's going on out there is a
• 26:35
  mirage, right? You can.
• 26:37
  You can own silver. You can own gold.
• 26:39
  That's the solution. You can be your own central.
• 26:43
  I mean, isn't it awesome, right? If you own some of it?
• 26:49
  How many? 200, yes.
• 26:51
  You. Do.
• 26:52
  OK, I gotta ring the cowbell. And then we're gonna talk about
• 26:55
  how you can be your own central banker 200 thumbs up.
• 26:58
  Let's ring the bell. There's the 200 thumbs up bell
• 27:05
  from our old friend Joe F Isn't it wonderful?
• 27:09
  You can you can do what the central banks around the world
• 27:13
  are doing. Sometimes we get so lost in the
• 27:16
  minutiae of all of this, we forget the good news.
• 27:21
  Right? You can go to Pimbex, You can
• 27:24
  buy some silver, You can buy some gold, You can buy some
• 27:26
  plant. You can do what?
• 27:28
  The central banks are doing. You can do it for yourself if
• 27:32
  that's what you think is a smart thing to do.
• 27:34
  I'm not giving financial advice. I can tell you what I do right
• 27:38
  now. I own gold mining stocks and I
• 27:40
  own some silver. I don't keep it at the house,
• 27:43
  but none the less I do own physical silver now, guys.
• 27:46
  You can do that too. That's the the solution to all
• 27:50
  of this, if that's what you choose to do.
• 27:53
  All right. Oh, this is interesting.
• 27:57
  We talk about massive amounts of money coming into gold and
• 28:02
  silver when people wake up, right?
• 28:04
  Five times as much money, 10 times, who knows?
• 28:07
  We could see 20 times as much money because the amount of
• 28:11
  money in the West going into gold and silver right now is
• 28:14
  pretty subdued. We will say, right?
• 28:17
  It's a different story in China, India, the rest of the world.
• 28:20
  But in the West, it's pretty it's fairly subdued.
• 28:24
  One of the big drivers, right? There's a couple of big drivers.
• 28:29
  And when people wake up, then inflation's not going away, when
• 28:32
  people wake up that we are screwed.
• 28:36
  I think I can use that word from a financial debt perspective in
• 28:40
  this country. But one of the biggies for the
• 28:44
  average people is when they realize that the stock market is
• 28:49
  toast, right. People had been asleep in this
• 28:53
  country for the last 2530 years. All you had to do was put money
• 28:56
  in the in the market and it just went up and up and up.
• 28:59
  And look, I'm Rich. I would put out there that maybe
• 29:03
  that's not the case. That.
• 29:04
  That maybe. Yeah, nominally right now.
• 29:07
  I mean, if I'd made a bunch of money in the stock market over
• 29:10
  the last 20-30 years, I'd be buying physical metal.
• 29:13
  I'd be buying, you know, monster boxes full of American Silver
• 29:17
  Eagles. I'd be converting right now
• 29:20
  because guys when we're in stagflation, the the stock
• 29:24
  market isn't going to go anywhere and it could even drop,
• 29:28
  right? And that could could prompt be
• 29:31
  one of the other big prompts where we see big amounts of
• 29:34
  money, right? Remember the extras pyramid
• 29:36
  coming down and going into silver and gold, It could be a
• 29:42
  massive impact on the price of the precious metals.
• 29:46
  So be prepared now that what we looked at earlier, the gold and
• 29:50
  silver stocks, they could do what happened during the 70s,
• 29:54
  they could outperform everything, right?
• 29:57
  I'm not, again I don't have a crystal ball, but when you look
• 30:01
  at where the silver and gold mining stocks are right now from
• 30:04
  a relative value perspective, they've got a lot of room and
• 30:08
  and from a pure fundamental perspective they have a lot of
• 30:11
  room to run. On that note, I want to say
• 30:14
  thank you to channel sponsor First Mining Gold, they're a
• 30:17
  gold development company. If you want gold in the ground
• 30:21
  that's in the permitting process.
• 30:23
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• 30:31
  to be looking at as they try to refill their pipelines in the
• 30:35
  future. Go check out First Mining Gold
• 30:37
  at firstmininggold.com and Fortuna Silver.
• 30:41
  You know, what else can I say? For almost 20 years they've
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  grown this company into AI. Won't say a juggernaut, but a
• 30:49
  big well performing mining company.
• 30:53
  They've got operations in Latin America, 2 silver mines, one big
• 30:57
  gold mine in Argentina, and they have this rapidly expanding
• 31:02
  operation in West Africa. They have a mine in Burkina Faso
• 31:06
  and a mine in Cote d'Ivoire, the Seguela mine, which is doing
• 31:10
  phenomenally well right now and an exciting development
• 31:14
  opportunity in Oh my gosh, Senegal.
• 31:17
  Almost forgot. Yeah, it's hard to remember all
• 31:19
  this stuff off the top of my mind.
• 31:20
  You can learn more about Fortuna at fortunasilver.com.
• 31:26
  The strong dollar. We talked about that, right?
• 31:29
  Look, if the dollar that this is what I forgot.
• 31:31
  I forgot to tell you something very, very critical about that
• 31:35
  strong dollar thing. Think about this, buttercup.
• 31:39
  If the dollar was so darn strong, right?
• 31:42
  If this. Where'd it go?
• 31:44
  I'll show you a strong dollar, right?
• 31:46
  My friend Gary sent me this. Hey, there's a dollar, right?
• 31:49
  Wrong. That's not a dollar.
• 31:52
  Look at the bottom. Can you read it?
• 31:54
  You may not be able to read it. Underneath where it says $1.00
• 31:57
  it says a $1.00 in silver payable to the bearer on demand.
• 32:06
  This is when the dollar was backed with silver.
• 32:09
  OK And it says at the top, this is very interesting.
• 32:12
  Right here above where it says the United States of America, it
• 32:16
  says this certifies that there is on deposit in the treasury of
• 32:23
  the United States of America and then it says $1.00 in silver
• 32:28
  payable to the bearer on demand. You could go to the bank with
• 32:33
  this baby. This was a real dollar.
• 32:35
  This was a strong dollar. This was the dollar that that
• 32:39
  that over 180 years allowed the United States to have the most,
• 32:45
  the, the, the, the biggest amount of economic growth in the
• 32:48
  history of the planet when it was backed by silver.
• 32:52
  This is not the strong dollar If this dollar, this paper dollar.
• 32:56
  Woo Hoo Yee wee. Right.
• 32:58
  Cannot. Oh, they they took that part
• 33:00
  off. See, look at the bottom.
• 33:02
  They took that part off. OK?
• 33:05
  If this dollar was so strong, huh?
• 33:08
  Right. If it really was strong, I got
• 33:10
  news for you. Silver would be at 14 bucks.
• 33:14
  Gold would be at 16112 hundred. You you remember those days?
• 33:19
  If the world has changed, you better wake up, realize it.
• 33:24
  The world has changed. You know who realized it?
• 33:26
  President Xi from China, Vladimir Putin from Russia.
• 33:31
  Yeah, MBS over in Saudi Arabia, Iran, Brazil, South Africa,
• 33:38
  they're all realizing that the world has changed.
• 33:40
  We are in a new, new paradigm, a new world.
• 33:44
  OK, it gets even better. We're gonna hear Wednesday from
• 33:49
  the Fed higher for longer. OK, yeah.
• 33:53
  You scare us. Don't scare us, Jerome.
• 33:55
  Well, let's get Jerome out here. Oh, here he is.
• 33:59
  Here. You ready?
• 34:02
  Higher for longer. Sorry, Jerome, back in your box.
• 34:07
  You're not scaring us anymore. OK, this is crazy.
• 34:12
  This is, this is something that well to not overuse the term a
• 34:18
  silver and gold investors, this should give us a case of a warm
• 34:21
  and fuzzies. Is that why we come together?
• 34:23
  Right. We're like, we're like all
• 34:25
  around a campfire together right now here in the basement, right.
• 34:29
  We're at Camp Silver, Camp Gold. Think about this, OK?
• 34:35
  the Fed is not just fighting a monetary crisis, which they are.
• 34:41
  The Fed's not just fighting against a fiscal crisis, which
• 34:46
  they are, OK, but they're also fighting geopolitical crisis.
• 34:52
  They are cooked. I'm sorry.
• 34:54
  They are the ship on the bottom of the ocean.
• 34:57
  OK, it's, I'm not saying we're going to be in doom land
• 35:00
  tomorrow or anything like that. But they are cooked.
• 35:03
  Don't fight the Fed. Have you heard that right?
• 35:06
  Remember that? You ever heard that saying?
• 35:08
  Don't fight the Fed. Don't fight the Fed.
• 35:10
  And you know what the reality is?
• 35:13
  You were fighting the Fed. If you if you were investing in
• 35:16
  silver and gold and miners, let's say 15 years ago, eight
• 35:22
  years ago, five years ago, even just three, we were fighting the
• 35:27
  Fed. But I got good news for you,
• 35:29
  Matt. Matt, double dose of the warm
• 35:32
  and fuzzies. Who doesn't like that?
• 35:33
  Right, it's. Who doesn't want you want to
• 35:35
  feel good? You can feel good, All right?
• 35:38
  You can feel good, OK? Because like I said, the Fed
• 35:41
  fighting monetary crisis, fiscal crisis, geopolitical crisis.
• 35:46
  Are there any more social crisis in the United States?
• 35:49
  Right. Massive uprisings on college
• 35:52
  campuses right now as we speak. OK, it's a Fed is in trouble.
• 35:57
  But on top of it all, OK, the big one that's gonna be helpful
• 36:02
  for you as a silver investor, as a gold investor, is that you're
• 36:06
  no longer fighting the Fed. It's hard to fight.
• 36:11
  It's hard to fight. Somebody who is now pretty much
• 36:16
  defenseless has been neutered. Is a good way to say it, right?
• 36:20
  They don't have the power they had five years ago, Heck, three
• 36:24
  years ago especially. Is that a word I get in trouble
• 36:29
  for using words that aren't words in particular, right?
• 36:33
  the Fed was way more powerful 20 years ago.
• 36:36
  They shot their load. They burnt through all their
• 36:39
  ammunition right Now think about it like this, right?
• 36:43
  Think about the Fed is like in a trench with a machine gun.
• 36:47
  They've been shooting, they're shooting in the air.
• 36:49
  They during the C19, they they they they've been blowing
• 36:53
  through all their ammunition, right?
• 36:54
  And then the people on the other side are like.
• 36:56
  Whoa. We need to be afraid of the Fed.
• 36:58
  We need to be afraid of the Fed. Now they're down to their last
• 37:01
  few bullets. So what are they going to do?
• 37:04
  What would you do if you were in a gunfight, right, And trench
• 37:07
  war and you were out of bullets? You might start yelling and
• 37:11
  screaming, saying you. Better give up.
• 37:13
  Or we're we. We're really gonna blow you up.
• 37:15
  Or you would use words. You would use perception
• 37:18
  management. You would use public relations,
• 37:22
  right. They used to be a bank.
• 37:27
  Yeah. He used to be a banker.
• 37:30
  He's a lawyer or something. I don't know.
• 37:32
  They're not that anymore, right When they were this backed by
• 37:37
  see that one it says there, right.
• 37:39
  They were a bank. They were real.
• 37:42
  Now they're just words and perception management, you know,
• 37:46
  So guys I got, it's like, it's like and I could be wrong,
• 37:52
  right? Susie will tell you I'm wrong
• 37:53
  about 28% of the time. But it's like a boxing match,
• 37:59
  right. And the Fed's been fighting and
• 38:00
  oh the Fed. The Fed's on the on the mat
• 38:03
  right now, OK? And and knocked out, right.
• 38:08
  Could come back right again, right?
• 38:10
  Could be Rocky. But the Fed's not Rocky Balboa.
• 38:14
  You know who? Rocky Balboa.
• 38:15
  Is don't you Rocky Balboa is gold and silver, huh?
• 38:21
  Yeah. Yeah.
• 38:22
  I wonder if we can get to 300 thumbs up today.
• 38:25
  Maybe Susie will let me know. On the walkie.
• 38:27
  Everybody say hi to Susie. We got a lot more to talk about.
• 38:30
  Susie. Hi.
• 38:32
  How many thumbs up we have? I hear her walking around.
• 38:35
  She's right above me. OK, oh, we got to talk about.
• 38:39
  We got to talk about the Hunt brothers.
• 38:41
  Hi everyone. Susie, how many thumbs up do we
• 38:46
  have? 3. 94 oh boy.
• 38:51
  Guys, all right, we're going to get the 300 thumbs up, which
• 38:53
  means we are going to ring the gong today.
• 38:55
  But let's talk about the Hunt Brothers in something.
• 38:58
  This is my oh, OK. This is, this is great.
• 39:01
  This is my friend Jamie, too. All right, let's go.
• 39:03
  Look. Let's go take a look at this.
• 39:05
  Hold on here. Here he is this guy, Jamie
• 39:10
  Carrasco. If you don't know him, you
• 39:13
  should follow him on Twitter. OK.
• 39:15
  He's a senior investment advisor and senior portfolio manager at
• 39:19
  Canaccord Genuity Financial. I'll be honest with you.
• 39:23
  I had the opportunity to spend a day with him.
• 39:26
  He's up in Toronto, one of the smartest guys in the room.
• 39:30
  Super smart guy, super funny. And I'll tell you a funny, a
• 39:34
  little funny story about something we did together in a
• 39:36
  minute, but let's talk about some serious business here, he
• 39:39
  says. Force majeure, which means, as I
• 39:42
  understand it, like the Comex and the LBMA saying get they
• 39:45
  give up the Comex broken broke. The LBMA broke is not about.
• 39:51
  If. But when when it does the price
• 39:55
  will finally inflate with with 40 years of credit.
• 40:02
  Thank you Susie credit pressure behind it.
• 40:04
  This I want to highlight this. OK force majeure is not about if
• 40:08
  but when but when the price will find.
• 40:12
  But when, sorry, when it does OK, the price will finally
• 40:17
  inflate. With 40 years of credit pressure
• 40:21
  being, I can't, I, I I I understand what he's saying.
• 40:25
  I'm going to do my best to explain it to you.
• 40:26
  Why this is like this is like the ultimate, the ultimate warm
• 40:32
  and fuzzy. I was going to use a different
• 40:34
  word. What that means is when the when
• 40:35
  it breaks, guys, we've got all this 40 years of money printing.
• 40:40
  Remember the other day I showed you how it was like the price of
• 40:45
  of of of the S&P or I don't know, It compared the price of
• 40:50
  silver in 1980 to the S&P. I'm sorry to the Dow Jones.
• 40:55
  And the Dow has gone. The Dow was 1000 at the time.
• 40:57
  The Dow is now 38,000. Since 1980, the Dow has gone up
• 41:01
  38 times, right? 40 years basically of of of
• 41:07
  credit pressure. That's what caused that money
• 41:10
  printing. But in that same time period,
• 41:13
  when the Dow went up 38 times, silver's down by 50 percent,
• 41:18
  40%, whatever. Now this is what's interesting
• 41:21
  then because Jamie shared this tweet from the chart, Deejen
• 41:26
  says the Hunt brothers cornered the cornered silver and made it
• 41:30
  go 10X. Think about this.
• 41:32
  Chinese and Indian demand is cornering the physical market
• 41:37
  right before our eyes and might force 1 billion ounces of naked
• 41:43
  paper shorts to potentially cover at massive losses.
• 41:48
  Hashtag silver squeeze for the ages now, but look at this.
• 41:53
  Let me hold on a second here guys, so we can see this full
• 42:00
  chart. There we go.
• 42:02
  Oh, here we are. It says here, this is back, this
• 42:05
  is 1980. The green arrow, the green box.
• 42:08
  Two brothers cornered the market.
• 42:10
  What happens when China and India's market corners the
• 42:13
  market? Right.
• 42:14
  There's the cup in silver. OK, And there is the handle.
• 42:20
  What happens? Thank you Jamie, for showing
• 42:23
  that. Jamie and I, this guy's not only
• 42:25
  super smart, but he's a super good 5 pin bowler as well.
• 42:31
  We we did some bowling. I was up in Toronto and we went
• 42:34
  up into northern Quebec to visit a gold mine one of first mining
• 42:36
  gold mines. And this guy Jamie, he can do
• 42:39
  magic in the 55 pin bowling alley.
• 42:44
  More importantly, he's not full of bowl.
• 42:47
  He knows what he's talking about when it comes when it comes to
• 42:51
  silver and gold. So thank you Jamie for that that
• 42:54
  great tweet, that great information.
• 42:58
  Oh, we got more, we got more, we got more.
• 43:00
  Hold on here. Let's go over to look at this is
• 43:04
  another one that will that will absolutely blow you away.
• 43:09
  Gold and gold miners as a percentage of total global
• 43:14
  assets. This is from Crescat Capital.
• 43:17
  OK. Guys, guys, this is what we
• 43:20
  talked about. What?
• 43:21
  Would you think? Take a step back.
• 43:23
  What would you think if we had 26 times the amount of money
• 43:30
  coming into gold and silver and the precious metal mining
• 43:34
  stocks? What do you think it would do to
• 43:35
  the gold price, the silver price, the platinum price, The
• 43:38
  price of any precious metal mining stock?
• 43:42
  Gold and gold miners as a percentage of total global
• 43:45
  assets. Look at this 28%, Nineteen 2120%
• 43:49
  Nineteen 3230% in 1948. Twenty 6% in 1981, 1% today.
• 44:03
  Wow. OK.
• 44:06
  Are are you? Are you?
• 44:08
  This almost seems. I'll be honest with you seem
• 44:11
  almost seems unbelievable to me, right?
• 44:14
  But we hear this from Rick rule from other people .5 percent 1%.
• 44:19
  Whatever the number is. Here's the crazy good news.
• 44:23
  We don't have to get to 26%. If we get to 5%. 5%.
• 44:30
  That's five times as much money going into the precious metal
• 44:35
  sector. And like Jamie just talked
• 44:37
  about, because there's been so much credit, expansion, paper,
• 44:42
  Unicorn fart dust, money created over the world.
• 44:46
  Over the last 40 years. That's in stocks, it's in bonds,
• 44:49
  it's in derivatives, it's in crypto, it's in all these
• 44:53
  different things. It's not going to take.
• 44:55
  It just takes a little bit of that money flowing into gold and
• 44:59
  silver for this number to go from 1% to 5%.
• 45:03
  I mean, it's real. This is, this is real.
• 45:07
  We could. Be right.
• 45:08
  We could be on the cusp of one of the greatest opportunities
• 45:13
  for wealth creation in the history of the world.
• 45:16
  I don't have a crystal ball. You need to do your own due
• 45:19
  diligence. But I can tell you I oh, yeah, I
• 45:22
  got to ring the gong. And then we got, we got one
• 45:24
  more. Then we got more More.
• 45:27
  That means, I'm sorry, it's just what I see, higher, higher,
• 45:33
  higher, higher prices for gold and silver.
• 45:36
  I'm going to ring the gong three times because we got 300 thumbs
• 45:40
  up and that's because of you. And you know what?
• 45:42
  I'm going to butter you up one more time.
• 45:43
  It is a big deal. All 800 of you who are joining
• 45:47
  right now on YouTube alone, but we're on Twitter and Facebook as
• 45:50
  well. Man, thank you for being here.
• 45:53
  Thanks for being part of the basement.
• 45:55
  Thanks for your input. Thanks for your comments in the
• 45:58
  comment section. It all matters.
• 46:00
  We got a great community of people here and it's really not
• 46:04
  possible without you. Now, I know I look kind of dumb
• 46:07
  when I do this, but you know, it's OK to look dumb just 10% of
• 46:12
  the time, one of the coolest things ever.
• 46:23
  All right, I've been good, right?
• 46:27
  I didn't say it. I didn't say it the whole live
• 46:30
  stream. I, I, I, I hope you've, you've
• 46:32
  recognized, but I gotta say it because it's the biggest thing
• 46:36
  going right now in the precious metals market and it will make
• 46:41
  all the difference as we go from having 1% of the world's try.
• 46:46
  For the train whistle today. OK, Susie wants me to try for
• 46:49
  the train whistle. So if you haven't given us a
• 46:51
  thumbs up, We're trying to get to 400 thumbs up so I can blow
• 46:55
  down the brain. Our good friend, right Just
• 46:58
  across the river. The wooden train whistle.
• 47:00
  If we get to 400 thumbs up. Yes, I guess I'll look even
• 47:04
  goofier than when I did the gong.
• 47:06
  I will blow the train whistle for you.
• 47:08
  But we'll see if we can get there.
• 47:10
  Susie really wants it. Susie, why don't you?
• 47:12
  Why don't you come on the walkie and and cheer everybody on for
• 47:15
  just one second? Here, tell them to please give a
• 47:17
  thumbs up over, please. Give a thumbs up so we can get
• 47:22
  the train with us. Please, please, please.
• 47:25
  OK. All right.
• 47:27
  The biggest thing in the world. You want to keep Susie happy, by
• 47:32
  the way. OK, so thumbs up.
• 47:33
  The biggest thing in the world. And I, the S word guys, this.
• 47:37
  I heard this said last night, and I was like, whoa.
• 47:40
  I mean, I was, I had to grab my socks because they were getting
• 47:44
  blown off. OK, commodities are exploding.
• 47:53
  Oil prices up. Cocoa prices up.
• 47:56
  Commodity. Now wait a minute, you say.
• 47:59
  Oh. Well, big deal, Ron.
• 48:00
  Big deal. It is a massive deal.
• 48:04
  Here's why. How can we not have runaway
• 48:09
  inflation when we have the commodities That and everything
• 48:14
  in the world that everything you see, Look around, Buttercup,
• 48:19
  look around your room where you are right now.
• 48:23
  Everything you look at was either grown or mined, right?
• 48:28
  Everything. All this plastic, all the metal
• 48:30
  inside here, all this wood here, this was grown.
• 48:34
  It's made out of wood, right? This was mined.
• 48:37
  This is made out of oil and metal and stuff like that.
• 48:41
  It's all exploding in prices. So how can you not have massive
• 48:50
  inflation? Think about that.
• 48:52
  Now plug that into a we have a very simple formula that we're
• 48:57
  going to talk about. OK, you got massive inflation
• 49:01
  coming, right? And the Fed can't control that
• 49:04
  427. Oh, we got.
• 49:07
  So I do do the whistle. I got to do the whistle.
• 49:10
  Whistle. OK, I'll do the whistle.
• 49:12
  One second. You plug that inflation into the
• 49:16
  equation, OK? And you plug in the other part
• 49:20
  of the equation over here, which is a stagnating economy.
• 49:25
  I got news for you. They closed down a Burger King
• 49:28
  by Six Flags in Saint Louis. They're closing restaurants
• 49:31
  down. Everybody you talk to that's in
• 49:34
  the business world will tell you that the that the economy is
• 49:39
  slowing down. But don't tell Joe, OK?
• 49:42
  Don't tell Joe. Right.
• 49:44
  So what does that mean while we have inflation going up in the
• 49:49
  economy going down? Boom, That's stagflation, right.
• 49:55
  And that is, I won't get Jerome out again.
• 49:58
  That's why you're going to hear nothing but a bunch of hot air
• 50:01
  later in the week. And that, my friends, is what
• 50:05
  makes the price of silver and gold explode on top of what
• 50:09
  we've already talked about, Jamie Dimon, himself the CEO of
• 50:15
  JP Morgan, recently, said. Right.
• 50:18
  He thinks that this stagflation that we're going to be heading
• 50:21
  into could be worse than the situation that we faced in the
• 50:25
  70s and the 70s. Boys and girls we didn't have.
• 50:28
  $34.8 trillion worth of debt. This is the biggest set up for
• 50:34
  medals that we're likely going to see in our lifetime.
• 50:37
  Hey, you guys have been awesome. I'm going to blow the old train
• 50:39
  whistle here four times as a sign of thank you and
• 50:42
  camaraderie. Thank you, Don.
• 50:44
  Huh. Down the brain.
• 50:46
  There it is. Huh.
• 50:47
  There's the whistle. Train whistle.
• 50:59
  Hey, have a great day. Thanks for being part of the
• 51:02
  basement. We are in for a fun ride, right?
• 51:05
  And I couldn't ask to be with a better group of people than you.
• 51:09
  Take it easy, be good to yourself and I'll see you.