Latest / Financial Survival Network / Silver From Critical to Short Squeeze — Wall Street's Not Telling You - Robert Kientz #6319

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Silver From Critical to Short Squeeze — Wall Street's Not Telling You - Robert Kientz #6319 · Financial Survival Network

• 0:00
  Speaker 1: Silver is probably the single most important individual mineral element
• 0:04
  Speaker 1: that we have right now, mostly for the fact that
• 0:07
  Speaker 1: it's used in everything in small quantities, and it means
• 0:11
  Speaker 1: that the price can move a lot and people will
• 0:13
  Speaker 1: still demand it.
• 0:14
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• 0:18
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• 0:38
  Speaker 3: Ever, And welcome you are listening to and watching the
• 0:44
  Speaker 3: Financial Survival Network. I'm your host, Carrie Letz. Robert Kings
• 0:48
  Speaker 3: is with us from the Freedom Report. Robert, it's great
• 0:51
  Speaker 3: to have you back. I know you caught the news
• 0:54
  Speaker 3: that silver, copper and podash have been placed on the
• 0:58
  Speaker 3: critical minerals list for basic by the US government and
• 1:03
  Speaker 3: that they're vital to infrastructure to defense, and that clears
• 1:09
  Speaker 3: away for expedited permits for these projects as we like
• 1:13
  Speaker 3: to say north of the border, and that includes candidate
• 1:16
  Speaker 3: as well, and it has a lot of effects. I
• 1:20
  Speaker 3: think it will even qualify it for aid under the
• 1:24
  Speaker 3: IRA Act, which was probably the only good thing that
• 1:27
  Speaker 3: the former administration did for mining while they were there.
• 1:31
  Speaker 3: Could this be like the Manhattan Project for the resource sector?
• 1:36
  Speaker 4: Yeah, silver is.
• 1:38
  Speaker 1: I'm glad that they did it for silver because silver
• 1:40
  Speaker 1: is probably the single most important individual mineral element that
• 1:44
  Speaker 1: we have right now, mostly for the fact that it's
• 1:47
  Speaker 1: used in everything in small quantities and it means that
• 1:51
  Speaker 1: the price can move a lot and people will still
• 1:53
  Speaker 1: demand it. And the resource markets, the trading markets have
• 1:58
  Speaker 1: including former CFTY Commissioner Roston Benham, have controlled the prices sover,
• 2:02
  Speaker 1: admittedly in public because it is so critical that the
• 2:06
  Speaker 1: government wasn't doing the markets any favor by not putting
• 2:10
  Speaker 1: it on the Critical Minerals List and announcing to the
• 2:12
  Speaker 1: public that essentially sober is so important that we need.
• 2:15
  Speaker 4: To guard it.
• 2:16
  Speaker 1: The markets were already guarding it. They wouldn't let the
• 2:18
  Speaker 1: price rise too high. There have been a lot of
• 2:22
  Speaker 1: there's been a lot of work done quietly by the
• 2:25
  Speaker 1: administration about getting mind supply. And there was an article
• 2:30
  Speaker 1: that came out, I want to say, in zero Hedge
• 2:32
  Speaker 1: or maybe it was in Twitter, I can't remember, last
• 2:34
  Speaker 1: week that talked about the US very quietly going to
• 2:39
  Speaker 1: minors to secure supply the how that may violate certain
• 2:43
  Speaker 1: laws like free trade to the laws or business laws
• 2:48
  Speaker 1: in the United States, and they can do it by
• 2:50
  Speaker 1: simply striking a contract. They don't have to nationalize or
• 2:54
  Speaker 1: take over. You simply go to whatever the biggest silver
• 2:57
  Speaker 1: minors are. They're going to be out on Labada, Utah,
• 2:59
  Speaker 1: California mostly, and you say, hey, we want to buy
• 3:02
  Speaker 1: your output, and you give it to us and you
• 3:04
  Speaker 1: make a deal with the refiner. So the US government
• 3:06
  Speaker 1: wants to get into the silver business because it's so critical.
• 3:08
  Speaker 1: And what you saw before was the market sort of
• 3:11
  Speaker 1: protecting the mechanics of the silver trade up until the
• 3:14
  Speaker 1: point where it forced the government to do something. And
• 3:17
  Speaker 1: finally we've got recognition on silver that it's so critical
• 3:20
  Speaker 1: and it's in such shortage. We're going to be running
• 3:22
  Speaker 1: five years straight of mining shortages to what's needed for production,
• 3:26
  Speaker 1: which is drawn down global inventories. You saw earlier this
• 3:30
  Speaker 1: year we had the report on the LBMA that they
• 3:32
  Speaker 1: were almost out of free silver. That came out from
• 3:35
  Speaker 1: David Jensen among some other analysts. By the way, off
• 3:38
  Speaker 1: long you mentioned substack. So if anybody goes to substack
• 3:41
  Speaker 1: and looks up David Jensen. You'll see his reports, and
• 3:43
  Speaker 1: he documented how the London silver inventories were so thin
• 3:47
  Speaker 1: run and Manly, who writes for Billia involves done the
• 3:49
  Speaker 1: same thing. And so you're seeing these commentators out of
• 3:53
  Speaker 1: the UK say there is a big shortage. And I
• 3:56
  Speaker 1: think that's why Solber now is firmly above thirty bucks
• 3:59
  Speaker 1: because thirty dollars was that sort of rubicon where back
• 4:03
  Speaker 1: during silver squeeze four years about fours years ago, you
• 4:06
  Speaker 1: remember that they limited the price of sober at thirty
• 4:08
  Speaker 1: But now it's been above thirty for a while. So
• 4:10
  Speaker 1: the market's taken over and it's like, we don't care
• 4:12
  Speaker 1: what circuit breakers you put on the markets. Silver is important.
• 4:15
  Speaker 1: So that move by the market very quietly pushed the
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  Speaker 1: hand or force the hand of the US government to say, okay,
• 4:22
  Speaker 1: we finally got to come out publicly and admit and
• 4:24
  Speaker 1: the fact that they're doing it on potash, you know,
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  Speaker 1: and copper copper is so critical to infrastructure that over
• 4:29
  Speaker 1: the next fifteen years we do not have the end
• 4:32
  Speaker 1: ground discoveries of copper that we need to electrify the world,
• 4:36
  Speaker 1: including India, China and what people aren't talking about Africa.
• 4:39
  Speaker 1: Africa has an amazing amount of investment going into it
• 4:42
  Speaker 1: and they need copper for industrialization and electrification. So you
• 4:46
  Speaker 1: could take all the minds of the world, including Grassburg
• 4:49
  Speaker 1: with known friven and problem reserves, and it's not enough.
• 4:52
  Speaker 1: And so the whole world is now moving to protect
• 4:56
  Speaker 1: copper China and to Russia. I've been doing things in
• 4:59
  Speaker 1: order to secure it. The United States is just reacting.
• 5:01
  Speaker 1: So in short five years ago I gave a presentation
• 5:04
  Speaker 1: at Money, Metals and Minds and said, we're got the
• 5:05
  Speaker 1: inner resource wars, and now we're firmly in them. We
• 5:09
  Speaker 1: went through trade wars and currency wars, and now we're
• 5:11
  Speaker 1: into resource wars and everybody scrambling for the resources. And
• 5:15
  Speaker 1: so I think you've also seen Russian nationalized the third
• 5:18
  Speaker 1: largest gold mine. You've seen Mexico say that they're going
• 5:21
  Speaker 1: to limit amount of new permits to foreign entities. So
• 5:24
  Speaker 1: you're starting to see protectionism around certain key commodities around
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  Speaker 1: the world start to take shady.
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  Speaker 4: Interesting.
• 5:30
  Speaker 3: Interesting, So you know the fact that the governments finally
• 5:35
  Speaker 3: acknowledge this, are we going to see a short squeeze
• 5:39
  Speaker 3: in silver?
• 5:39
  Speaker 4: And then we got because Rick Rule.
• 5:41
  Speaker 3: When he was on my show, when I caught him
• 5:44
  Speaker 3: right after his conference, he said that the entities doing
• 5:49
  Speaker 3: sophisticated shorts and hedging in silver are going to be
• 5:54
  Speaker 3: utterly destroyed.
• 5:55
  Speaker 4: To paraphrase him, Yeah, yes.
• 5:58
  Speaker 1: And if you look at some of whose were If
• 5:59
  Speaker 1: you look at Scotia Bank, Scotia Bank a couple of
• 6:01
  Speaker 1: years got out of gold, or at least they said
• 6:05
  Speaker 1: they were getting out of go. I think they got
• 6:06
  Speaker 1: rid of their service because they were overextended in gold,
• 6:10
  Speaker 1: and when gold started rising, they had so many shorts
• 6:13
  Speaker 1: that put tremendous pressure on them and they had major issues. Recently,
• 6:17
  Speaker 1: Bank of America, with their silver short position has come
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  Speaker 1: under a tremendous amount of fire. If we ever got
• 6:23
  Speaker 1: to true one hundred percent price discovery, it could put
• 6:26
  Speaker 1: Bank of America out of business. Not just this mental
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  Speaker 1: trading desk, but the liability they have because it's a
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  Speaker 1: leveraged investment, could cause Bank of America to actually have
• 6:33
  Speaker 1: substantial financial trouble. That's how big their silver position is.
• 6:37
  Speaker 1: If you look at go to gold charts arrests and
• 6:39
  Speaker 1: that wonderful service that was done by Nick Leared, and
• 6:42
  Speaker 1: you look at the top four largest, and all he
• 6:45
  Speaker 1: does is pulls data off of comets, his all public data,
• 6:47
  Speaker 1: but he collects it all and puts it into a
• 6:49
  Speaker 1: massive database that's been going for decades. And so he's
• 6:53
  Speaker 1: got these tying charts which are awesome. And when you
• 6:55
  Speaker 1: look at silver shorts and gold shorts, there's a top
• 6:59
  Speaker 1: four billion banks that are shorting, and we know who
• 7:02
  Speaker 1: they are because if you go to the Office of
• 7:04
  Speaker 1: the Control of the Currencies report on derivative positions, it
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  Speaker 1: calls them out. It's a city bank, it's Bank of
• 7:11
  Speaker 1: America JP Morgan and I'm forgetting HSBC, I think is
• 7:14
  Speaker 1: the fourth. If I recall, those are the big four
• 7:17
  Speaker 1: shorters in all derivatives and specifically derivatives on comes and
• 7:21
  Speaker 1: that's not just golden silver, but they do call precious
• 7:24
  Speaker 1: metals out and it's also been proven. So we know
• 7:28
  Speaker 1: the names of the banks. Can if you go to
• 7:29
  Speaker 1: the clared chart, you have the history of these banks
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  Speaker 1: and kyliod happened to Lehman as they were involved in
• 7:35
  Speaker 1: this trade. So banks that have tried to maintain any
• 7:37
  Speaker 1: short positions for a long period over time have periodically
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  Speaker 1: when the market moves up and gone into trouble because
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  Speaker 1: if the price moves too far against you and you're short,
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  Speaker 1: you either have to deliver or you have to cash
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  Speaker 1: all these contracts and you can lose tremendous amounts of
• 7:48
  Speaker 1: money and for the longest time to see if youc
• 7:51
  Speaker 1: and the banks work together. I think, particularly in sober
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  Speaker 1: to protect that market because I think it is a
• 7:56
  Speaker 1: critical mineral and you can say it's manipulation fraud, and
• 7:58
  Speaker 1: I think I've proven that. I think my channel why
• 8:01
  Speaker 1: it got so popular was we proved to Pertmint was
• 8:03
  Speaker 1: running a scam. I had to see a thing or
• 8:05
  Speaker 1: looking at for financial reports. Their CEO got fired. That
• 8:09
  Speaker 1: was a big thing. A couple three years ago. We've
• 8:12
  Speaker 1: seen scams on the comes. We've uncovered other scams, and
• 8:14
  Speaker 1: that's kind of what I'm known for as a former auditor.
• 8:17
  Speaker 1: And you could see, you could see all of this
• 8:20
  Speaker 1: leading up. You could see them the internal mechanics. And
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  Speaker 1: now you just can't cover it up anymore. And so
• 8:25
  Speaker 1: instead of them trying to cover it up and not
• 8:28
  Speaker 1: make it an issue and pretend and try to protect there,
• 8:32
  Speaker 1: it's changed to the comes. It's pretty clear two things
• 8:35
  Speaker 1: are happening. One they can't anymore. And yes, it could
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  Speaker 1: blow up on these major banks, it could blow up
• 8:40
  Speaker 1: the balance sheet. The next block swam banking crisis could
• 8:42
  Speaker 1: originate from the silper short position market. That could happen.
• 8:45
  Speaker 1: It's possible. I don't know if it's probable. But the
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  Speaker 1: second thing that's happening is nobody's believing the London and
• 8:52
  Speaker 1: the US markets anymore and the trades moving over east.
• 8:55
  Speaker 1: So the Chinese hier Jack Morgan to help them, have
• 8:59
  Speaker 1: helped them less four or five years as craade their
• 9:02
  Speaker 1: Shanghai market. Across all commodities, but in particular the metals.
• 9:05
  Speaker 1: You've had Dubai come out and say we don't care
• 9:08
  Speaker 1: about the LBMA system.
• 9:09
  Speaker 4: We're going to run our own.
• 9:10
  Speaker 1: And they have a lot access to a lot of
• 9:12
  Speaker 1: African minds.
• 9:13
  Speaker 4: You have India.
• 9:14
  Speaker 1: Russia also sort of coalescing around a new pricing structure
• 9:18
  Speaker 1: and a new derivative trading market, which happens to have
• 9:20
  Speaker 1: a heavier physical component, So to me, it has more
• 9:23
  Speaker 1: credibility at least in tons of the amount of physical assets.
• 9:26
  Speaker 1: I don't know about the trade because I haven't followed,
• 9:28
  Speaker 1: but you can tell if there's a shifting away from
• 9:30
  Speaker 1: these Western markets and they're losing control their pricing scheme.
• 9:34
  Speaker 1: Alistair McLeod, who's been covering these for a long time,
• 9:36
  Speaker 1: has come out and said he thinks that that they're
• 9:38
  Speaker 1: losing control of My friend Andy Maguire over It Live
• 9:42
  Speaker 1: from the Vault, has been talking about the fact that
• 9:45
  Speaker 1: London may be isolated right now. The whole conversation around
• 9:48
  Speaker 1: tariffs and gold into the US was thought to have
• 9:51
  Speaker 1: been isolating London and separating, breaking up that sort of oligopoly.
• 9:56
  Speaker 1: That Trump didn't do it because all the market observers
• 9:59
  Speaker 1: told him if he did it, it would crash. It
• 10:02
  Speaker 1: would cause major issues if you tear iff gold, and
• 10:05
  Speaker 1: it would highlight the fact that maybe the US doesn't
• 10:07
  Speaker 1: have all the gold it says, and it would highlight
• 10:09
  Speaker 1: the fact that each of them markets has shortages because
• 10:12
  Speaker 1: if you look at the colusion between the comics and LBMA,
• 10:14
  Speaker 1: they have to work together in this Ponzi system, and
• 10:18
  Speaker 1: when that stops is when one of the two crashes.
• 10:22
  Speaker 4: So it's as cesstrus.
• 10:24
  Speaker 1: The US can't onlly pull away from London without consequences,
• 10:27
  Speaker 1: and so I suspect that the US now is doing
• 10:31
  Speaker 1: the critical mineral on silver. I strongly suspect that the
• 10:35
  Speaker 1: Sovereign Wealth Fund is a cover for the US to
• 10:39
  Speaker 1: go into the markets and get as much solver and
• 10:41
  Speaker 1: gold as they can go hold for financial reasons to
• 10:44
  Speaker 1: help back the dollar charge RECISTM, because Trump knows it's
• 10:47
  Speaker 1: in serious deep stuffs and silver to protect that industrial
• 10:52
  Speaker 1: component of that metal that we need, especially if we're
• 10:54
  Speaker 1: going into a war cycle. You know, with the regional wars,
• 10:57
  Speaker 1: you definitely need silver. It's in all major military components
• 11:03
  Speaker 1: including lasers, missiles, guidance systems. And the same thing has
• 11:07
  Speaker 1: kind of helped happen with rare earths. The US has
• 11:11
  Speaker 1: made rare earth production and US bas rare earth miners
• 11:14
  Speaker 1: a priority and appliantly working with rare earth providers to
• 11:18
  Speaker 1: get rareers because rare earths are needed not only for
• 11:20
  Speaker 1: the military but for industry. Because at the same time
• 11:24
  Speaker 1: that you want to bring chip production from Taiwan, because
• 11:26
  Speaker 1: you're worried about China and Taiwan, and China saying that
• 11:29
  Speaker 1: Taiwan's hours, they basically said it in public, They're going
• 11:31
  Speaker 1: to go after CHAINI one. The US now knows it
• 11:34
  Speaker 1: needs to build up its chip manufacturing, but you need
• 11:36
  Speaker 1: silver to do that and rare earth to do that.
• 11:39
  Speaker 1: And so now you're seeing the commodity wars that were
• 11:42
  Speaker 1: held in the shadows before now come out in public
• 11:44
  Speaker 1: with all of these governmental pronouncements, all the things that
• 11:48
  Speaker 1: we've been talking on the channel for the last five
• 11:49
  Speaker 1: years is what's going on behind the scenes is not
• 11:51
  Speaker 1: very public, and now you're seeing that in the news cycle.
• 11:54
  Speaker 1: And it's not surprised to those of it's been falling
• 11:56
  Speaker 1: it in detail for quite a while.
• 11:57
  Speaker 3: Hey, so all this is happening. How do you make
• 12:00
  Speaker 3: money off of this? Obviously if you're holding the physical
• 12:06
  Speaker 3: like you and I are big, big fans of. But
• 12:10
  Speaker 3: there are asymmetric silver bets out there because at some
• 12:14
  Speaker 3: point I think Robert like, when silver breaks forty dollars,
• 12:19
  Speaker 3: it's Katie bar the doors. I hate that expression, but
• 12:22
  Speaker 3: you know what I'm saying, forty dollars silver is that
• 12:25
  Speaker 3: line in the sand hasn't been there since twenty eleven,
• 12:30
  Speaker 3: and from forty fifty and above, I mean Eric Sprout
• 12:34
  Speaker 3: saying three hundred dollars silver. Eric knows a little something
• 12:39
  Speaker 3: about resources, doesn't he.
• 12:41
  Speaker 1: That was and it's a good segue into some something
• 12:44
  Speaker 1: else at Eric and Dustan, which is mining stock. So
• 12:46
  Speaker 1: if you're looking for leverage and you're just the average man,
• 12:49
  Speaker 1: that's one of the easiest ways to get in because
• 12:51
  Speaker 1: you're not going to have the money to go to
• 12:52
  Speaker 1: Comes and play the contracts or go to London that
• 12:54
  Speaker 1: that's the big boy game, unless you have a really
• 12:57
  Speaker 1: good sized financial office and a few hundred thousand discretionary
• 13:00
  Speaker 1: income that you wanted to get dedicated solely to that trade.
• 13:03
  Speaker 1: I would not advocate anybody getting rid of their portfolio
• 13:07
  Speaker 1: and going heavy into that, But if you want to
• 13:10
  Speaker 1: get speculative and that's something you decided to do, the
• 13:13
  Speaker 1: mining stocks is a good way to do it. I
• 13:15
  Speaker 1: always say that royalty companies are the easiest way for
• 13:18
  Speaker 1: newdies that don't want to analyze companies. But beyond that,
• 13:22
  Speaker 1: you can get into the junior miners. You could broadly
• 13:25
  Speaker 1: do it and like the GDXJ or some of the
• 13:27
  Speaker 1: other junior miners. Now you're going to get little bit
• 13:29
  Speaker 1: gold exposure and stuff like that. Base metal, but that's
• 13:32
  Speaker 1: a way to do it. But the miners is probably
• 13:34
  Speaker 1: the easiest leverage bet, and I would say impact silver
• 13:37
  Speaker 1: is kind of a penny stock usually trades you know,
• 13:40
  Speaker 1: a round a few bucks, but it has more silver
• 13:43
  Speaker 1: content and even First Majestic in terms of its total output.
• 13:47
  Speaker 1: So it's almost a proxy for leverage proxy. So anytime
• 13:51
  Speaker 1: I think silver's going to move up, I could put
• 13:52
  Speaker 1: money into Impact Silver and it goes up as a
• 13:56
  Speaker 1: function of or a multiple of the silver a price.
• 13:58
  Speaker 1: Now it also is going to come down that way,
• 14:00
  Speaker 1: so it's a you know, mining stocks, especially highly focused
• 14:04
  Speaker 1: ones like Impact or First Majestic, move a lot. They're
• 14:07
  Speaker 1: very volatile. But if you want a leverage play, you
• 14:10
  Speaker 1: could do like a there are like leverage index funds
• 14:13
  Speaker 1: on the solber price. It will take like the sold
• 14:15
  Speaker 1: price and they'll triple it something like that. But those
• 14:19
  Speaker 1: are super risky. They're easy to play for the average person,
• 14:22
  Speaker 1: but they're risky, right, yeah, So I think that there's
• 14:27
  Speaker 1: a risk there. But if you want, if you want
• 14:29
  Speaker 1: to take on that risk, any of those options, I
• 14:31
  Speaker 1: would say, personally, I would do a silver based royalty first,
• 14:36
  Speaker 1: it's safer. Then I would do a collection of like
• 14:39
  Speaker 1: junior mining stocks if I were doing it, and then
• 14:41
  Speaker 1: I may look at some other strategies if.
• 14:43
  Speaker 4: I wanted the big boom.
• 14:47
  Speaker 1: I think there's going to be enough room that if
• 14:48
  Speaker 1: you've bought silver any time to last or four years
• 14:50
  Speaker 1: when it was down ten to twenty five or whatever,
• 14:52
  Speaker 1: you're going to do, just find and to your point
• 14:55
  Speaker 1: when you when you look at the charts, silver I
• 14:58
  Speaker 1: think is sitting at thirteen year high something like that,
• 15:01
  Speaker 1: and we're getting to the point where it's almost reaching
• 15:03
  Speaker 1: that point where it got in twenty eleven the aftermath
• 15:05
  Speaker 1: of the financial crisis. So and it's in this massive
• 15:09
  Speaker 1: fifty year cup and handle pattern which looks like silver
• 15:13
  Speaker 1: just wants to go bonkers. And if you look at
• 15:15
  Speaker 1: supply shortages, you look at it being on a critical
• 15:17
  Speaker 1: minerals list, you look at the lack of mining input,
• 15:20
  Speaker 1: you look at the situations that happened with the exchange,
• 15:23
  Speaker 1: the Western exchanges being short, you know, and that becoming
• 15:26
  Speaker 1: public silver. You know what people thought was going to
• 15:30
  Speaker 1: happen in twenty twenty one with silver squeeze. Probably it's
• 15:34
  Speaker 1: more likely to happen now in the next couple of
• 15:38
  Speaker 1: years because of all those factors, and.
• 15:40
  Speaker 4: Could be happening right now.
• 15:42
  Speaker 3: If what we're seeing before our very eyes is any
• 15:45
  Speaker 3: indication Robert just tell us where do we find you,
• 15:48
  Speaker 3: how do we connect with you on the web.
• 15:50
  Speaker 1: So you just follow me the freeom Report. I renamed
• 15:52
  Speaker 1: my channel from Goldzilver Pros because we focus on some
• 15:55
  Speaker 1: things other than just the metals, but we do. I
• 15:57
  Speaker 1: do typically do a weekly mails report at the Freedom
• 15:59
  Speaker 1: Rep on Twitter and on YouTube, and I'm also a
• 16:03
  Speaker 1: board member of Citizens for Sale Money, so I just
• 16:05
  Speaker 1: pluged that real quick. We're the ones that have been
• 16:07
  Speaker 1: behind or been assisting with these gold tender legal gold
• 16:10
  Speaker 1: tender bills in various states, including in Florida, Texas, and Missouri.
• 16:13
  Speaker 1: The best one is with Zouri. We like that one
• 16:15
  Speaker 1: the best, but we're We've also gone to conservative meetings
• 16:20
  Speaker 1: like ALEC where you suggest legislation, and we our bill
• 16:23
  Speaker 1: has been adopted by ALEC as like the official bill
• 16:26
  Speaker 1: for gold legal tender, and so now each state that's
• 16:29
  Speaker 1: interested can go grab that model and basically come down
• 16:32
  Speaker 1: and just negotiate out the details. So we're doing a
• 16:35
  Speaker 1: lot of stuff behind the scenes to facilitate gold as
• 16:37
  Speaker 1: legal tender.
• 16:37
  Speaker 4: It can as well.
• 16:38
  Speaker 3: Just tell us again about ALEC. It's the Association of Locals.
• 16:43
  Speaker 3: I can't remember it exactly.
• 16:45
  Speaker 1: ALEC yeah, it is essentially a conservative it's almost like
• 16:48
  Speaker 1: a think tank. But what it is is fifty percent
• 16:50
  Speaker 1: of legislators and fifty percent of industry participants and they
• 16:53
  Speaker 1: go and they basically talk about in craft legislation, and
• 16:57
  Speaker 1: that legislation becomes part of a national platform. Any lawmaker
• 17:01
  Speaker 1: can go look at and say what laws are popular,
• 17:04
  Speaker 1: what laws are being suggested, and do you have like
• 17:06
  Speaker 1: a template, And so it's like a trial run or
• 17:10
  Speaker 1: a prayer for going either state or national level and
• 17:13
  Speaker 1: saying what the legislation do we want?
• 17:15
  Speaker 4: What is popular?
• 17:15
  Speaker 1: And the gold the goal legal tender one is the
• 17:18
  Speaker 1: hot bill in the US right now in finance and economics.
• 17:22
  Speaker 1: So the fact that it's gotten this attention is good
• 17:25
  Speaker 1: because now everybody's looking at like, oh, we don't have
• 17:28
  Speaker 1: to use the dollar if the dollar is having issues.
• 17:30
  Speaker 1: And when state's passing this, it allows people to do
• 17:33
  Speaker 1: goal cluses and contracts. It allows people to go pay
• 17:36
  Speaker 1: with gold and silver if they want. Now it's you're
• 17:38
  Speaker 1: not going to do it at the grocery store right now,
• 17:40
  Speaker 1: because businesses have to adopt rules and the you know,
• 17:44
  Speaker 1: and they have to put it within their existing regulatory schema.
• 17:48
  Speaker 1: So all of that rulemaking has to be worked out,
• 17:50
  Speaker 1: but it will start the process of the state and
• 17:54
  Speaker 1: individual actors being able to transact in gold being completely
• 17:58
  Speaker 1: protected the US Constitution and the state law, which is
• 18:02
  Speaker 1: reaffirming the clause it says states can make no thing
• 18:07
  Speaker 1: other than golden center the Golden Silver legal tender. So
• 18:10
  Speaker 1: that clause is still in effect, and what the tenth
• 18:12
  Speaker 1: Amendment allows the states to reaffirm that and say we're
• 18:16
  Speaker 1: taking that and making it official law. Because anything not
• 18:20
  Speaker 1: specifically called out, you know, is to the states or people,
• 18:23
  Speaker 1: and it's even called out in the Constitution, so it's
• 18:25
  Speaker 1: really the legislation shouldn't be needed, but it is to
• 18:29
  Speaker 1: offer legal protections for people that want to do it
• 18:31
  Speaker 1: on a state by state basis. So it's what it
• 18:34
  Speaker 1: should have been undone a long time ago, and we're
• 18:36
  Speaker 1: on the gold standard. It wasn't and so now we're
• 18:38
  Speaker 1: bringing that back, and so that effort is at least
• 18:41
  Speaker 1: getting the states to acknowledge. And then some of the
• 18:43
  Speaker 1: states are starting their own depositories and they're storing it
• 18:47
  Speaker 1: for their own wealth funds because it stabilizes the value
• 18:51
  Speaker 1: of their holdings and allows them to build bridges and roads.
• 18:54
  Speaker 1: One of the reasons we got passed in Florida was
• 18:56
  Speaker 1: we talked to their financial office in Governor Dessantz's office
• 19:00
  Speaker 1: been at Lettle office around finance and technology, and they said,
• 19:04
  Speaker 1: we can't finance roads and bridges because by the time
• 19:06
  Speaker 1: we get to year three and four of our project,
• 19:08
  Speaker 1: the dollar has lost so much value. We have covery
• 19:10
  Speaker 1: finance and take on more day and so the states
• 19:12
  Speaker 1: are strangling in their own budgets and so that's why
• 19:15
  Speaker 1: they're they're passing it because they want to use gold.
• 19:18
  Speaker 4: So that's really we're.
• 19:20
  Speaker 1: Not the point in the financial system some where inflation
• 19:23
  Speaker 1: has forced the states to now do this. And what's
• 19:25
  Speaker 1: going to happen is where we've got eleven states that
• 19:27
  Speaker 1: have legal tender laws. There were twenty seven states that
• 19:31
  Speaker 1: introduced that last year, four or five passed. They're probably
• 19:36
  Speaker 1: going to be another five or six a year going forward,
• 19:39
  Speaker 1: and once it gets to the point of critical mass,
• 19:41
  Speaker 1: it's going to force the federal government and the states
• 19:43
  Speaker 1: into a big legal battle row what is money, and
• 19:47
  Speaker 1: it's going to challenge what the US has planned, which
• 19:51
  Speaker 1: is stable coins, I believe is the next money in
• 19:53
  Speaker 1: the US, and it'll it'll interface with the CBDCs and
• 19:58
  Speaker 1: the bricks. And this is going to force the FEDS
• 20:02
  Speaker 1: and the STAKES to talk about what is money, because
• 20:04
  Speaker 1: if you look at it, they're dotting the stable points
• 20:06
  Speaker 1: without asking people. And we know that they're going to
• 20:08
  Speaker 1: turn into money because all these think takes are telling
• 20:10
  Speaker 1: us they're going to do it, and so all the
• 20:13
  Speaker 1: policy papers written are saying that that's what they want
• 20:15
  Speaker 1: to do, even though some of the FED has come
• 20:17
  Speaker 1: out and supported that. So people at the FED and
• 20:20
  Speaker 1: so you know that the government is going to try
• 20:22
  Speaker 1: to do it. So we're working at the state level
• 20:24
  Speaker 1: to say, well, there's a scene called the Constitution, and
• 20:27
  Speaker 1: there's a scene called gold and silver, and you haven't
• 20:29
  Speaker 1: rescinded that. And by us forcing the issue, it's going
• 20:32
  Speaker 1: to force it into the public, and it's going to
• 20:34
  Speaker 1: force that eventually probably go the Supreme Court. So either
• 20:36
  Speaker 1: the federal government is going to have to sue to
• 20:39
  Speaker 1: maintain their monopoly of money, or we're going to have
• 20:41
  Speaker 1: dual currencies floating around the US, which either way I
• 20:44
  Speaker 1: think benefits people.
• 20:47
  Speaker 4: All Right, interesting times ahead.
• 20:49
  Speaker 3: It's got a question for Robert myself, shoot me an email.
• 20:53
  Speaker 4: What are your thoughts.
• 20:54
  Speaker 3: Are we heading back back to the future where the
• 20:57
  Speaker 3: future has a gold standard and a silver standard? How
• 21:00
  Speaker 3: are we heading for a silver short squeeze of biblical
• 21:04
  Speaker 3: proportions all.
• 21:05
  Speaker 4: That, Let me know your thoughts. Put them in the
• 21:07
  Speaker 4: comments below. Robert, always a pleasure, Thanks for stopping by.
• 21:11
  Speaker 1: Thank you so much for having me on Carrie.
• 21:12
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 21:17
  Speaker 2: solution to today's trying times. For the latest, go to
• 21:21
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,