Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ✋SILVER - You Best LISTEN Up! 🔥
Transcript
- 0:00In this video, I'm going to give you the reasons why things are
- 0:04so scary, but at the end, we're going to pull it all together
- 0:08and see why each of those reasons is actually a major
- 0:13contributing factor to why we can be so excited about the
- 0:17silver and gold markets. EINGI want you to remember those
- 0:314 letters because they're going to explain why things are so
- 0:35scary right now, but also so great for silver and gold.
- 0:39But something that's not scary is the wonderful warm feeling I
- 0:44get when I think about you. Yes, you.
- 0:46I'm looking at you joining me right now here in the basement.
- 0:49You're welcome here. You're part of the group.
- 0:52Some of us call ourselves basement dwellers.
- 0:55Whatever you call yourself, please come back.
- 0:57Please subscribe to the channel, turn on notifications.
- 1:00You can give this video a thumbs up.
- 1:02Super chat super thanks are I super appreciate it.
- 1:04What are these reasons why we're so scared E the economy.
- 1:09Come on. Have you been living under a
- 1:12rock? No, you've been hanging out too
- 1:14long in your basement. You're out there in the economy.
- 1:17You're likely part of the 98% of the non ultra wealthy in the
- 1:22United States. It's tough out there.
- 1:24Just today a great example, jobless claims are skyrocketing.
- 1:30Was supposed to be like 230,000 newly unemployed people.
- 1:35The number came in at nearly 260,000.
- 1:38But it's everywhere, right? Bass Pro Shops is laying people
- 1:42off at their boat manufacturing facilities.
- 1:45Everywhere we look, we know the reality of the economy is very
- 1:50difficult. What about the I?
- 1:53That's inflation. A real easy example is this
- 1:57morning we got news that the inflation numbers for September
- 2:01were much higher than expected. Inflation's not going away.
- 2:05Oh, and by the way, let's remember those numbers that the
- 2:09government reports to us. Well, they've been proven to be
- 2:12basic fantasy anyway. The real inflation rate, the
- 2:16real prices that we are paying at the stores we know are going
- 2:21through the roof. So we've got a slowing E
- 2:25economy. We have I for inflation.
- 2:29What's next? How about the national debt?
- 2:32Have you looked at that lately? I think earlier in the week on
- 2:35September 30th or October 1st, it jumped by like $200 billion.
- 2:40My calculations worth it on that one day alone.
- 2:43You, my fellow Americans, and me all got a new almost $700.00
- 2:50debt lopped upon our shoulders. And that's not per taxpayer,
- 2:54that's per citizen. That's for each person.
- 2:56Only like a third of the people actually pay taxes in the United
- 3:00States anymore. But the national debt is a
- 3:03massive, massive problem. It's creating issues in the
- 3:08economy. It's creating the inflation that
- 3:12we're having right now. So put on your gold and silver
- 3:17glasses and think about what we just talked about.
- 3:20If the economy is slowing down, aren't people going to want to
- 3:23take money out of the stock market and try to find a new
- 3:27home? I wonder what might look
- 3:31attractive during times of stock market instability.
- 3:36What about inflation? Right is the Fed is fighting
- 3:39inflation and keeping interest rates artificially low.
- 3:45They're on a interest rate lowering crusade right now.
- 3:48All those folks out there who had their money and money market
- 3:52accounts and C DS, as they start to get paid less and less on
- 3:57their safe money, are they going to put it in the stock market?
- 4:01No. What do you think they might
- 4:03just take a look at? How about gold and silver?
- 4:06And how about we don't even need but maybe 2% of that money to
- 4:11come into gold and silver to make like a two or three or four
- 4:15times difference in terms of the money that's invested in the
- 4:20sector? What about the N, the national
- 4:24debt? Look, no matter how you slice it
- 4:28or dice it, no matter what magic you want to try to apply to it,
- 4:31what smoke and mirrors, bubble gum or duct tape, the Federal
- 4:35Reserve and our federal government may want to plaster
- 4:40all over it. At the end of the day, what that
- 4:43results in is the US dollar's real value going down.
- 4:48And it's again, people wake up to that being the fact, right?
- 4:51Are they going to want to put their money in the stock market?
- 4:53No. Are they going to want to keep
- 4:55it in in a safe money market? No.
- 4:58We will have more and more people right with that money
- 5:02flowing into the precious metals.
- 5:05It's worked for thousands of years.
- 5:07It's worked all over the world. The dollar and gold and silver,
- 5:12right, are in an epic battle right now.
- 5:15The only problem is gold and silver have been in the same
- 5:19epic battle with other currencies, Fiat paper
- 5:22currencies similar to the dollar, hundreds of times over
- 5:26the last thousands of years. And you know what?
- 5:29Gold and silver have a perfect record.
- 5:32They always, always win. And what about the G, right?
- 5:36Remember I said EIN G? Well, the G is the geopolitical
- 5:41environment that we we are living in right now.
- 5:44The BRICS countries war going on all over the world.
- 5:49We are living in a period of geopolitical instability and
- 5:54uncertainty like most of us have never experienced during our
- 5:58lifetime is the icing on top of the gold and silver cake that is
- 6:02the uncertainty. We don't like it, we didn't
- 6:04create it, but it creates a very supportive force for the
- 6:09precious metals. It's one of the primary reasons
- 6:12why people for thousands of years have maintained their
- 6:16wealth with precious metals. Hey, it's scary out there, no
- 6:20doubt about it. But like we talked about, when
- 6:24we look at all the factors that are contributing to this
- 6:27uncertainty and scary environment, it becomes pretty
- 6:31clear that all of them lend themselves to being supportive
- 6:35factors for the precious metals. If you want to get your hands on
- 6:39some gold, silver or platinum group metals before it gets even
- 6:42crazier, potentially. Remember, I'm not giving
- 6:45financial advice, but you may want to consider our channel
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- 7:49Thank you for being here. Thanks for being part of the we
- 7:51are in for some really great times ahead.
- 7:56I believe it's going to be scary, right?
- 7:59But we can rest assured, I think our gold and silver insurance
- 8:03policy just might pay off. You take care of yourself and
- 8:08I'll see you soon.