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This Happens to SILVER PRICE in 2 Months... Thanks Fed · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  The gold price and the silver price could be in for a wild
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  ride. We may have to wait a month or
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  two or possibly 3:00. But when this happens, the price
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  of silver and gold in real terms could go to the moon.
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  And what about this job market? Remember, the job market is
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  supposedly strong. We know that.
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  It's like the last strong leg of a three legged stool.
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  It's what the Fed has been leaning on for the last several
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  years as their foundation from which they could launch this
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  aggressive monetary policy which has been a major downward force
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  on the price of the precious metals.
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  That is a fact. Another fact is that if we look
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  under the hood at the job market, do we discover something
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  quite different? Look, we know one thing for
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  sure, they've revised the numbers for 10 out of the last
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  12 months. That means they report one
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  number and then silently and quite sneakily in the subsequent
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  months they go back and revise the numbers down, down, down.
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  If you analyze what's going on in the job market in the last
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  year here in the United States, it's not such a pretty picture.
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  Mostly part time jobs are what have been created, right?
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  People leave or get fired from their full time job and get two
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  or three-part time jobs. Maybe driving a car for Uber or
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  delivering Burger King for Dinedash or whatever the heck
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  it's called. That's what's going on in the
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  economy right now. Fortuna Silver Mines is a global
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  intermediate gold and silver producer.
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  Since 2005, Fortuna's best in class management has delivered
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  impressive growth and profits. Fortuna's solid financial
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  position and operational expertise allows for performance
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  in any precious metals price cycle and provides a foundation
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  from which to harvest great profits in more favorable metals
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  markets. Investing in Fortuna is an
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  investment in quality, long term, sustainable production of
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  in demand, precious and base metals.
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  A lot of government jobs being created.
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  But remember guys, that's the one strong leg of the stool that
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  they've been using as the foundation from which to knock
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  the silver and gold price down. But there's something even
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  bigger afoot, something that could result in major price
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  increases for the value of your silver and gold.
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  And that's when the Fed actually does cut interest rates, when
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  that happens, likely in March. Right now, they're saying we
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  have a 78% chance of an interest rate cut.
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  In March. They'll be cutting interest
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  rates in an environment where we likely still have inflation,
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  which by most measures is still high by any real measure.
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  If you look at the real inflation rate measured like
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  they did back in the 70s or 80s, inflation is still very high.
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  And if they cut rates in an environment where we already
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  have high inflation and the number of other national and
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  worldwide geopolitical factors that could force the price of
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  silver and gold up, things like higher oil prices, I got news
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  for you. The Federal Reserve can't
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  control the oil price. The Federal Reserve in the
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  United States are finding themselves increasingly in a
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  more precarious financial situation, and learning that
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  most of the rest of the world isn't so willing to go along
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  with whatever the United States dictates.
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  It's a setup for hyperinflation. We haven't heard that word a lot
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  lately, but it's a realistic possibility that we have, if not
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  hyperinflation, severely higher inflation, and that will be a
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  major catalyst for the silver price and the gold price as we
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  move through 2024. I could be dead wrong, but what
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  I see is another big, big spike in inflation.
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  Honestly, I didn't see that three months ago.
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  Do you see it? Does it make sense to you?
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  You can leave a comment in the comment section below.
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  Right. Thank you for joining us here in
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  the basement, by the way. You are the most important part
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  of Ron's basement. It's a big deal.
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  You're here. Please give this video a thumbs
• 4:44
  up. It looks like my ugly thumb
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  little icon you press and subscribing is always free.
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  We'd love to have you come back and join us here in the
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  basement. And when we look at jobs, let's
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  just run through what we know is going on out there right now.
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  We know Citicorp, Citigroup with over 200,000 employees is going
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  to be laying off somewhere between 20,000, maybe even 23 or
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  24,000 people in 2024. Those are good paying jobs with
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  great benefits. A lot of the people that work at
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  Citigroup are going to have a hard, hard time finding
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  equivalent employment. What other big companies We've
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  heard about Google laying people off, Amazon laying people off
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  the NFL, the National Football League, laying people off
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  BlackRock, Nike, Twitch, the list goes on and on.
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  These are high paying jobs with good benefits and our heart goes
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  out to those that may be losing their jobs because they are
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  going to have a hard time finding something that matches
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  what they were used to. Especially if they've been
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  working at one of these big tech companies where they cater lunch
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  every day and have nap rooms and everything else under the sun.
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  And there's one more little thing we need to talk about that
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  could be happening in March that could send shock waves
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  throughout the financial world. First, we want to say thank you
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• 6:21
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• 6:24
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• 6:28
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• 6:35
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• 6:38
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• 6:42
  I use Pinbex when I buy Silver. I think if you check it out,
• 6:46
  throw it into the mix. Next time you're shopping around
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  for Silver, gold, Platinum, you'll learn what I learned.
• 6:51
  They check all the boxes. Thank you Pinbex, for sponsoring
• 6:55
  Ron's basement. Now, what else could happen in
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  March that nobody's really talking about?
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  A few of us are talking about it.
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  We're going to talk about it right now.
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  The Federal Reserve put in place a bailout program last year,
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  March, April, when we had this massive banking problem in the
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  United States. It's called the Bank Term
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  Funding program. And Mr. Barr, who works for the
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  Federal Reserve, made a big announcement this week that they
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  intend on terminating that program.
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  It was for just one year. Everybody thinks it would be
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  extended more and more banks are turning to this program.
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  It'll it's a bailout in simple terms.
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  It allows banks to give, get loans against what are some real
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  cruddy investments that they made with your money, right.
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  And it helps the banks remain solvent.
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  We could be moving into a very interesting couple of months for
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  the banking sector alone. That, coupled with the Fed
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  cutting rates, an inflation boom, everything spells A
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  conducive environment for much, much higher silver prices and
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  gold prices. You know one thing for sure?
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  It's going to be a choppy ride. Stormy weather.
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  Look, one great thing about us basement dwellers that have been
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  in the silver and gold market for a while.
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  We've been toughened up. We've already been run through
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  the mill. We know that what we hold is
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  value. We hold silver, we hold gold
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  because of properties that it's had for thousands and thousands
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  of years. We'll just take it one day at a
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  time. But I hope you come back
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  tomorrow. I'll look forward to seeing you
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  soon.