Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨SHOCKING🚨 Pay Attention to THIS! ...SILVER Price Ralley STARTED!

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🚨SHOCKING🚨 Pay Attention to THIS! ...SILVER Price Ralley STARTED! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  We have massive, big news today in the silver and gold market,
• 0:05
  but we also have a big, big warning, which my fellow
• 0:09
  basement dwellers could result in even more support for the
• 0:14
  silver and gold price. We're going to dig into it.
• 0:16
  All. Right now, but the big.
• 0:18
  News of the. Day is the employment numbers
• 0:21
  and the big news of the day. Is the fact that silver.
• 0:25
  And gold are up, up and away. Are you ready?
• 0:29
  Are we? Having right?
• 0:31
  We talked about this A. Lot that the summer.
• 0:34
  Could be a real struggle. Bus for the silver and gold
• 0:38
  price, but Are you ready for a possible early summer rally?
• 0:44
  We've been talking about late August, September could be when
• 0:48
  the silver price and gold price really took off.
• 0:51
  But guys. I hate to admit it.
• 0:55
  I could have been wrong on that. We could be.
• 0:58
  Priming right now, today's numbers today, what's happening
• 1:02
  in the gold and silver market could be the beginning of an
• 1:06
  early summer rally. And I want you to think about
• 1:08
  something. I want you to think about
• 1:10
  something very, very critical when it comes to silver and
• 1:14
  gold. But overall, big picture.
• 1:16
  Let's put on our big picture hats, if you will, right now.
• 1:21
  They have screwed the. System up so much things are so
• 1:26
  perverted and contorted right it's been a long time since we
• 1:31
  talked about but you know the whole monetary.
• 1:34
  Fiscal system. In the West, in particular in
• 1:38
  the United States, it's like being held together with bubble
• 1:41
  gum and duct tape. We know Andy Scheckman likes to
• 1:44
  liken it to that game. Jenga.
• 1:46
  I got Jenga. Hold on a second.
• 1:48
  I got Jenga around here somewhere.
• 1:49
  I have a. I have a.
• 1:51
  Visual I hate corny props, but this is a.
• 1:53
  Good one, right? This game right here.
• 1:58
  You know, everything's fine. You keep pulling out the pieces,
• 2:02
  pulling out the pieces until, like Andy Scheckman says,
• 2:06
  eventually all of a sudden things come crashing down and
• 2:09
  I've got a big warning. We got some big warnings that
• 2:13
  we're going to talk about later when it comes to that.
• 2:15
  But let's dig into what's going on right now in the silver and
• 2:18
  gold market. And what do you guys say?
• 2:20
  Take our maybe we should take our blood pressure medicine
• 2:23
  because we're going to go out and get a live update right now
• 2:28
  on the gold and silver price. Let's go out to Pendeks.
• 2:33
  This is not up-to-the-minute. Let's just hope that we're still
• 2:36
  up. Wow, guys, up.
• 2:39
  Silver up $0.77, Gold up $27.67. That puts the gold price at
• 2:46
  2300, $84. That's getting awful.
• 2:52
  Close to 24. 100 and silver $31.18 Hey.
• 2:57
  You know what? Let's celebrate because guys, us
• 3:00
  basement dwellers, we talked about.
• 3:02
  This on Tuesday and Wednesday. Of this week that today could
• 3:06
  be. A major major upward movement in
• 3:10
  the silver and gold price I you know now and now we're going to
• 3:14
  dig in to why here in a second but let's.
• 3:16
  Take a second and. Be very.
• 3:18
  Happy where we are. Right now on the silver and gold
• 3:21
  price and let's. Take a second and be very happy
• 3:24
  that we get. To come together in the basement
• 3:26
  and it wouldn't be. Possible without the support.
• 3:28
  Of our sponsors Pinbex right here Pi MB EX Do yourself a
• 3:34
  favor if you're shopping for gold, silver or platinum group
• 3:39
  metals online, put Pinbex into your shopping list and compare
• 3:44
  what you can get from Pinbex with what you can get from the
• 3:47
  other big online bullion dealers cause not.
• 3:50
  Only are you likely? Going to find but you need to.
• 3:53
  Do this for yourself. I will never tell you what to do
• 3:56
  but you'll likely find you get the best prices and they have
• 4:00
  the exact same products as the big guys and it's a company you
• 4:05
  can trust. Do yourself a favor check out
• 4:07
  Pinbex and they can also help with uh oh, hold on here,
• 4:12
  technical difficulties. I don't know where we went.
• 4:15
  Hopefully you guys are still there.
• 4:17
  They can help with IR as as well.
• 4:19
  If you ever want to convert part or all of an IRA to precious
• 4:21
  metals check out pembex for that as well.
• 4:23
  So the big news uh oh, I have problems.
• 4:28
  Hold on here guys oh brother hold on a second.
• 4:34
  We're having some technical difficulties here in the
• 4:37
  basement. I don't know what I did, and OK,
• 4:41
  I know what I did now. All right?
• 4:43
  Oh, man, hold on a second. I don't quite know how to fix
• 4:49
  this one. This is going to be an
• 4:50
  interesting live stream, but hey, they're all interesting and
• 4:57
  let's close that. Hold on one second here, guys,
• 5:05
  Hold on. Just just hang with me here.
• 5:11
  Wow, I really messed this one up.
• 5:13
  We are not going anywhere. Stay with me basement dwellers,
• 5:16
  we are going to talk. About why?
• 5:18
  Silver and gold are up. We're going to talk about that
• 5:20
  big warning, but in the interim, I need to run out so you get.
• 5:24
  To watch me struggle, right? We all have.
• 5:27
  We all have our struggles in life, struggle with trying to
• 5:32
  figure out how to fix this. Hold on here one second hold on.
• 5:41
  Hopefully I'm going to be right back with you.
• 5:44
  Hopefully you can still see me and hear me right now.
• 5:47
  Wow. You know how life goes right?
• 5:49
  Sometimes things get a little screwed up, so let's here we go
• 5:58
  live here we go. Hopefully you guys can still see
• 6:04
  me and hear me and. OK, Hello, hello and hold on a.
• 6:15
  Second here Remember remove the heck do I get rid of this stop
• 6:23
  edit Can you guys see me and hear me?
• 6:26
  Hello. OK, cool.
• 6:32
  All right, guys. I.
• 6:33
  Apologize, I won't even tell you what happened there.
• 6:36
  It was interesting. But let's go out and take a look
• 6:38
  at what happened today with the. With the employment numbers, we
• 6:44
  talked about how the employment. Numbers could have a major,
• 6:49
  major. Impact on what is.
• 6:51
  Going on. Right now.
• 6:52
  OK, so let's go. We'll go to here.
• 6:56
  This one first. I just found this the Kebisi
• 6:58
  letter breaking. Both May and April jobs report
• 7:01
  numbers were revised lower by a combined 111,000 jobs.
• 7:07
  More on that later. The economy is grinding to a
• 7:10
  halt. OK.
• 7:12
  The May jobs report was revised downward from 272 to 218, while
• 7:17
  the April jobs report was revised down from 165,000 to one
• 7:21
  O 8. Let's go out to 0.
• 7:23
  Hedge 'cause I think they really summed it up well here.
• 7:27
  Let me make sure I've got you guys.
• 7:29
  On the right screen, OK, there we are, right on OK.
• 7:34
  Zero head payrolls rise, right? OK, so the number is a beat.
• 7:38
  We talked. About this we want.
• 7:40
  But but there's two critical things, two and from a silver
• 7:45
  and gold perspective, unbelievably important things
• 7:48
  that we need to talk about with this jobs number.
• 7:51
  Are we in a new? Early summer rally.
• 7:56
  I can't believe we're. Saying that.
• 7:58
  For the silver and gold price, man, things are are are.
• 8:01
  Are looking good guys so. Payrolls rise 206. 1000 hold on
• 8:07
  here. Hello Jesus.
• 8:14
  After huge downward revisions on unemployment rate jumps to
• 8:18
  three-year high. Hold on a second.
• 8:21
  I can't believe this is happening.
• 8:23
  Basement dwellers, hold on a minute here.
• 8:26
  Ah, I bet that'll help. Hold on.
• 8:28
  Hold on. I'm back.
• 8:31
  Stay with me. OK.
• 8:34
  Let me know you guys can hear me.
• 8:35
  Please. One more time and then I will
• 8:37
  stop doing this. If somebody could let me know
• 8:40
  that you can hear. Hey, Driggert.
• 8:42
  Hello, Derek Minds. Hello, Alvin.
• 8:48
  OK, let's go back to Zero Hedge. And man, coin shop Chris OK Coin
• 8:56
  shop Chris just texted me and said the shop is busy.
• 9:01
  All right, now payroll rise. 206,000 We talked about that,
• 9:06
  right. If we had just been told that
• 9:08
  number in advance, we would think that the gold and silver
• 9:11
  price. Should have cratered today
• 9:12
  because. It's Bidenomics, right?
• 9:14
  It's it's everything's great. And the economy, rah, rah, rah.
• 9:18
  Sure, OK, but there's two. Big.
• 9:21
  Butts, and I know you're like me, you like big butts and these
• 9:25
  are. Big, big butts.
• 9:27
  OK. So moments ago the.
• 9:30
  Bureau of. Labor and statistics reported
• 9:33
  that the June In June, the United States added 206,000 jobs
• 9:38
  above the 190,000 expected, so we.
• 9:42
  We created all these new. Jobs but.
• 9:45
  Right, let's go down. Here, because here's the But not
• 9:48
  bad, especially since Goldman Sachs had said 100.
• 9:51
  And 40,000 of. Course, a quick glance of where
• 9:54
  the beat came from. Both previous months were
• 9:58
  revised sharply lower, and here's the data we just looked
• 10:01
  at May. OK, remember.
• 10:02
  Last month we had this unbelievable beat.
• 10:05
  In the jobs #2. 172,000. Jobs in May, right?
• 10:09
  One month ago today, early June, when we got the May number.
• 10:13
  It was revised down from 272,000 all the way down to 218.
• 10:19
  Sorry guys, how do you make that big of a mistake?
• 10:22
  The April jobs number was revised.
• 10:24
  Down from 100 and. 65. 1000 down to 100.
• 10:28
  And 8000. So basically, look, here's the
• 10:32
  here's the big message we're getting today from Silver.
• 10:35
  And gold, silver and gold. Know that this is all a bunch of
• 10:39
  BS. All they're doing every month is
• 10:42
  reporting this unbelievably great number economics, jobs
• 10:47
  everywhere, right? And then quietly in the
• 10:50
  background trying to fool. Everyone and and it's not it's.
• 10:53
  Fooling fewer and fewer people 'cause we see what's happening
• 10:57
  in the markets today with silver and gold by fooling everybody by
• 11:02
  saying, oh, but we're gonna. Those numbers we gave you last
• 11:04
  month, they were, they were wrong.
• 11:06
  They were a little high. They're not ever revising the
• 11:08
  numbers up. I mean very very few times do
• 11:12
  they revise them as with this. With these revisions,
• 11:15
  employment. In April and May combined is
• 11:17
  111,000 lower than previously reported.
• 11:21
  So yes, it's I love this. It's easy to beat when you have
• 11:25
  a pool of 111,000 jobs that never existed that you can push
• 11:31
  into the current month. It's like what they do every
• 11:33
  month. They report these great numbers
• 11:36
  and it's like they're they're they're they're, they're taking
• 11:38
  jobs from the previous months that probably didn't exist in
• 11:41
  the 1st place. It's absolutely crazy.
• 11:44
  But where they're having a little harder.
• 11:46
  Time OK where they're. Having I think I'm back,
• 11:50
  hopefully you can see me where they're having a much.
• 11:53
  Harder time lying is on the unemployment rate.
• 11:57
  The unemployment rate. It's not so easy.
• 12:00
  For them. Hold on a second here.
• 12:02
  Stop Edit. I wanna delete this.
• 12:06
  God darn it, there's something weird going on today.
• 12:10
  I. Apologize guys.
• 12:13
  Maybe the powers that be don't want us to get the real news out
• 12:16
  there. I don't.
• 12:17
  Know, but none the less. Every month they're revised or
• 12:21
  not, it's harder for them to lie about unemployment rate, right?
• 12:27
  The. Actual unemployment rate and
• 12:29
  let's go take a quick look. At what that's telling us, here
• 12:36
  we go. OK, right.
• 12:40
  Because the actual unemployment rate that shows all the
• 12:43
  revisions. See the red?
• 12:45
  It's it's just crazy. OK, and and you can dig.
• 12:49
  Into all this stuff to me. It's all a bunch of noise, the
• 12:53
  unemployment. Rate went up, OK.
• 12:57
  I added last month came from the government.
• 12:59
  Yeah, OK, right. The rest of the jobs not doing
• 13:02
  so well. It's the other thing.
• 13:04
  Most of the jobs that are being created are government jobs.
• 13:08
  They don't really, they don't really contribute anything to
• 13:11
  the economy. Ask yourself that question, do
• 13:14
  government jobs contribute anything to the economy?
• 13:17
  The unemployment rates of this is there's too much for me to
• 13:20
  remember to talk about all this stuff.
• 13:23
  Gold and silver are calling. BS on what's?
• 13:27
  Going on right now. OK, this is double good.
• 13:30
  And shocking, right? Because again guys, again,
• 13:35
  absolutely, absolutely with a good employment number.
• 13:39
  The silver and gold price. Should have been down and.
• 13:42
  Last we checked, let's go out. We'll go where we do this.
• 13:46
  For those of you who are new to the basement, we will continue
• 13:49
  to to run out to. Index site here.
• 13:55
  Let's do another. Update We were up $0.77.
• 13:57
  Come on, Silver. Come on, 82 cents.
• 14:00
  OK, So we will come back. We will come back again and
• 14:06
  check it out again. The silver price continues to
• 14:09
  March higher. All right.
• 14:12
  I don't know, it's just. Absolutely crazy.
• 14:14
  It's like double. Unbelievable good news.
• 14:17
  Today for the silver price and the gold.
• 14:20
  Price as well. Double shocking.
• 14:22
  Good, But what about big? Warning.
• 14:23
  OK, because here's a big warning.
• 14:26
  Guys, we, we are. I was watching this documentary.
• 14:31
  Last night about Adolf Hitler. And what happened?
• 14:33
  Like the rise of Hitler and part of that.
• 14:35
  This has everything to do. With what's going on right now.
• 14:39
  In this country, OK, part of what helped.
• 14:42
  Hitler come to power. Was the collapse of the
• 14:46
  currency. In Germany at the time, the
• 14:48
  Weimar Weimar. Whatever they were called
• 14:51
  Republic, right? And.
• 14:52
  Man, as I was watching. This it was just like a 32nd
• 14:55
  snippet. On this like docu thing.
• 14:57
  Documentary series Thing on Netflix.
• 15:00
  They said right that after between World War.
• 15:03
  One and World War 2. That's when Hitler came to
• 15:07
  power, right? And and that their currency
• 15:09
  became almost worthless and what they described.
• 15:14
  I'm telling you they. Described the United.
• 15:15
  States right now, they were like the government was printing too
• 15:19
  much money. They had too many obligations.
• 15:21
  They had all these obligations to help pay back.
• 15:24
  From World War One, they. Had all these obligations to.
• 15:28
  Veterans from World War One. And all the government could do
• 15:31
  was. Print money and the money.
• 15:33
  They had. Pictures, you've seen them right
• 15:35
  Of the. People with the wheelbarrows
• 15:37
  full of cash. People in at that time in
• 15:40
  Germany would get their paycheck at like 4:00 on a Friday
• 15:45
  afternoon and they said by the time they got to the grocery
• 15:48
  store, their. Their money was almost
• 15:50
  worthless. Because inflation was going up
• 15:52
  so fast, they had pictures. It's not just the wheelbar.
• 15:55
  They had pictures of little kids using stacks of.
• 15:58
  Cash I I was. A Deutsche artist back then.
• 16:01
  I don't know. Any whatever it was called.
• 16:03
  Stacks of the bounce. It's like building blocks.
• 16:06
  It's toys. I mean, it's happening there.
• 16:08
  Here's a big warning. And who's warning us who?
• 16:12
  Right, because, because. We're in the same situation.
• 16:16
  You don't, you know, everybody's got their head in the stand
• 16:18
  doesn't want to realize it, but you, you know, you realize and
• 16:22
  our currency, right? Sure feels.
• 16:25
  Like we're in a very similar situation, but who is warning
• 16:28
  the most unlikely? Person.
• 16:30
  That you would. Think would be warned.
• 16:32
  About what's going on, let's listen.
• 16:34
  This comes from Forbes magazine. A couple of quick quotes Quote.
• 16:39
  The level of debt that we have is completely sustainable, but
• 16:43
  the. Path.
• 16:44
  We are on is unsustainable. OK, the path we are on.
• 16:52
  Is. Unsustainable.
• 16:53
  That was Jerome. Powell just said that.
• 16:55
  Earlier this week during the European.
• 16:57
  Central bank's Portugal conference, it was reported by
• 17:00
  the Financial Times, adding. That the Biden administration
• 17:06
  was. Taking excessive risks.
• 17:09
  This is coming from hold on here.
• 17:11
  This is coming from this. Guy.
• 17:16
  Where'd he go? Here he is.
• 17:18
  Hold on. I'll be right back.
• 17:20
  This. Guy, you ready him OK.
• 17:29
  That's coming from him, the head of our Federal Reserve.
• 17:40
  Adding the Biden administration was.
• 17:42
  Taking excessive risks by quote. Running a very large.
• 17:47
  Deficit at a time when. We were at full employment.
• 17:49
  And said, quote, you can't run these levels and good economic
• 17:53
  times for very long. OK, so think about this guys.
• 17:58
  Think about this. Supposedly, the US economy is
• 18:02
  doing great. OK, why are we running deficits
• 18:07
  #1 why is our governments we Because it's out of.
• 18:10
  Control. Why are we running deficits and
• 18:13
  why do we have debt? Levels at all time highs in this
• 18:16
  country when? Everything is great.
• 18:19
  And that's what Powell is. Saying this is so critical.
• 18:21
  This is a big warning. It really it is a it is an
• 18:25
  absolute major warning, this theft.
• 18:28
  From most Americans, it won't. Be theft from you because I bet
• 18:31
  you have a lot of silver and a lot of.
• 18:33
  Gold, right? I don't have a crystal.
• 18:35
  Ball, maybe I'm wrong about this.
• 18:37
  I probably would have said. The same sort of kind of
• 18:40
  version, but it has been ratcheted.
• 18:42
  Up things are. Crazy.
• 18:44
  Right Now we've got the head of the federal.
• 18:46
  Reserve saying this. OK, you wonder.
• 18:50
  You ever wonder what Jerome? Powell thinks about in the wee.
• 18:52
  Hours of the night. Well, I got it for you, says
• 18:55
  quote. Getting the balance on monetary
• 18:57
  policy right. During this critical period,
• 19:00
  highlighted in yellow there, that's what what that's.
• 19:03
  Really what I think about. In the wee.
• 19:07
  Hours of the night. Powell said in response to a
• 19:10
  question about his top. Worries OK in May Treasury.
• 19:14
  Secretary. Let's just throw her in Janet
• 19:17
  Yellen, but I got. More I got.
• 19:18
  Even a big name, even. A more respectable name.
• 19:21
  That is. Sounding the red alert guys.
• 19:25
  What is going on right? Now in this country.
• 19:27
  But Janet Yellen issued a serious warning in May over the
• 19:32
  spiraling. 34 trillion. U.S.
• 19:35
  Debt pile 34. Trillion here.
• 19:37
  Let's go out here and take a look.
• 19:39
  Let's just make sure. Let's look at the debt clock
• 19:43
  and. Take a quick look just to see
• 19:45
  where we are. We are currently hey, we're.
• 19:49
  Approaching 34 trillion, 900 billion.
• 19:54
  Oh my God, remember. Each trillion.
• 19:57
  IS 1,000,000 * 1,000,000. Let's go over here since we're
• 20:02
  here. And take a look, oh look, the
• 20:04
  dollar to silver ratio sitting at 239.
• 20:07
  Dollars per oz just so you. Guys, remember that means that
• 20:11
  for each. One ounce of silver.
• 20:14
  It's created this year. That's.
• 20:16
  Mined for each one ounce, there are 200 and. $40 that are being.
• 20:22
  Printed. What the heck?
• 20:24
  Since we're here, basement dwellers, let's go down.
• 20:28
  Oh, it's gone up A. Little bit the paper to silver
• 20:31
  ratio that's. The number of paper electronic.
• 20:34
  Unicorn partners silver contracts that are created and
• 20:38
  traded each year. Yes, per.
• 20:42
  Each one ounce. Of silver, so that's.
• 20:45
  The number of. Paper contracts that'll be
• 20:47
  traded this year for each. One ounce of silver, only 400 to
• 20:51
  one. But I digress.
• 20:53
  Let's get back here. Let's say we got 600 people.
• 20:56
  All right, this is awesome. Thank you for sticking with me.
• 21:00
  This is a technology nightmare today on this live stream,
• 21:04
  hopefully. You guys can all see.
• 21:06
  And hear me, OK, But now I want you to think about this.
• 21:09
  Think about this for a second. This is a three-step process.
• 21:13
  You own silver. And gold to protect yourself.
• 21:17
  Right. Thousands of years, you know
• 21:18
  that whole. Story OK, we know.
• 21:22
  That our government officials are.
• 21:24
  Warning us. The Federal Reserve, the United
• 21:27
  States Treasury Department, Janet Yellen.
• 21:30
  This is not this is real. This is this cannot be over
• 21:34
  exaggerated. What about?
• 21:36
  This you you may not know this. Some of you do, some of you
• 21:40
  don't, right? Everybody follows.
• 21:43
  The stock market. Right.
• 21:44
  Oh, the stock market. What's the S&P 500?
• 21:47
  What's the Dow? What's the NASDAQ?
• 21:49
  NVIDIA blah blah blah blah blah. The average person.
• 21:53
  This is kind of like the average, you know, like most
• 21:56
  people don't. Know about?
• 21:57
  Silver and gold the average. Person also doesn't know this.
• 22:00
  The bond market is the king of the markets.
• 22:04
  The bond market. Is multiple.
• 22:06
  Times bigger than the. Stock market, OK, but nobody
• 22:10
  really. You know, it's not as exciting.
• 22:12
  And, you know, it's everybody. Focuses on the bond, so.
• 22:15
  Who's the bond king? Who's considered to be the king
• 22:18
  of Bonds? Jeffrey Gunlock.
• 22:21
  OK, there's a whole. List of other people giving red
• 22:24
  alerts, right Ray, Dalio, all, all of the smartest.
• 22:27
  The smartest people. In the room, right, Right.
• 22:31
  But what's the king of the bonds?
• 22:33
  Wouldn't we want to listen if the if the bond market is the
• 22:36
  probably. The biggest market in the.
• 22:38
  World way bigger than the stock. Market if the bond market.
• 22:43
  Wouldn't we want to listen to what the?
• 22:44
  King of the bond market. Says.
• 22:47
  And even the big mainstream. Media called Jeffrey Gunlock the
• 22:50
  king. Of the bond market, let's.
• 22:52
  Run out quickly, right? And this is a little dated.
• 22:56
  Just tiny dated hold on here. Here we go.
• 23:02
  OK. On business bond king.
• 23:05
  Jeffrey Gunlock warns of exploding U.S. debt, expense and
• 23:09
  a recession coming within the next year.
• 23:11
  Here's his six best quotes. I'm going to fly through these,
• 23:14
  but these are critical for us to.
• 23:16
  Remember from a from a recent interview?
• 23:19
  OK, uh oh, maybe I'm not going to.
• 23:22
  Did they shut me down? No, they didn't shut me down.
• 23:28
  U.S. debt interest expense, he says.
• 23:30
  The reason I'm worried about higher for longer interest rates
• 23:32
  is something. That is already in evidence.
• 23:35
  But it isn't giving up attention and that is our fiscal
• 23:37
  situation, the interest, interest.
• 23:39
  Expense on the debt is. Exploding in vertical fashion.
• 23:43
  Right we. Can't afford to pay the.
• 23:45
  Interest on the debt, not to mention the fact.
• 23:49
  That we're adding to the debt. Small business.
• 23:52
  Paying we have a massive problem.
• 23:53
  We're start. We're staring down.
• 23:55
  Because of the. Low interest rates being placed
• 23:57
  for so many years, almost a decade.
• 23:59
  And now the Fed is higher for longer.
• 24:01
  Small businesses are getting killed.
• 24:04
  Guys like 50% of them can't pay for rent.
• 24:07
  I mean, it's, it's real. It's.
• 24:09
  Happening. A recession is coming.
• 24:12
  Is this my belief is that? We're going to be in a
• 24:14
  recession. If we're not already in
• 24:16
  recession. OK, we'll probably be in
• 24:19
  recession. By the 2nd 1:45. 1024 deficits
• 24:25
  to worsen in a recession that's. What we talked, this is real,
• 24:30
  this is red alert level. We are already hold on.
• 24:33
  I need to look you in the eye. Think about this guy.
• 24:36
  Think about. This.
• 24:38
  We are already right now in this country, spending money, way
• 24:43
  more money than we have. It's the government.
• 24:46
  It's individuals, it's business, it's.
• 24:48
  Everything. But especially our government.
• 24:49
  We're spending money like we're in a great.
• 24:52
  Depression. Right.
• 24:54
  Everybody says, well, we had just as much debt at the end of
• 24:57
  the Great Depression or at the end of World War Two, right?
• 25:01
  We just came out of the world's worst.
• 25:03
  Recession. Ever in history at that.
• 25:06
  Point and finished fighting. The world's biggest war, right?
• 25:09
  And but that's where now we are again.
• 25:12
  Did we just finish fighting the world's biggest war?
• 25:15
  Did we just come out of a recession?
• 25:16
  Depression? No, no.
• 25:19
  That's what I'm saying. That's what Jeffrey Gunlock is
• 25:22
  saying. What happens, right?
• 25:24
  What happens if if if we do hit a recession?
• 25:28
  OK. Then they're it's going to like
• 25:31
  we are in the spiral zone. What happens if we do have
• 25:34
  another major World War? We hope we don't right?
• 25:38
  For the safe sake and safety of everybody.
• 25:40
  This is serious, that path, your breaking point.
• 25:44
  He just basically says here if you put a.
• 25:47
  Calculator to this stuff common arithmetic will tell you.
• 25:51
  That we're in a debt spiral, OK, get out of the.
• 25:54
  Magnificent 7 He talks about how there's the stock market bubble
• 25:57
  and I agree. With that, wholeheartedly, I
• 26:01
  know we had a big neighborhood party yesterday for the 4th of
• 26:04
  July, a parade. I walked around, it's like a
• 26:07
  mile. Parade.
• 26:08
  Route all the whole neighbor. It's a big deal.
• 26:09
  OK, but I walked around with one of my.
• 26:11
  Neighbors Who's? A in the financial planning.
• 26:14
  Business, right? Nice guy, smart guy, OK.
• 26:18
  And we were talking about the markets.
• 26:20
  And even he. Has you know he?
• 26:24
  Well, I want to be careful. What I say, but I'll leave it at
• 26:28
  this. We're in a.
• 26:30
  We're in a. Bubble, bubble, bubble.
• 26:32
  Unbelievable like nothing before.
• 26:35
  In the stock markets, I'm telling you when that.
• 26:38
  Money starts to flee from the stock.
• 26:40
  Market. Where's it gonna go?
• 26:42
  It's gonna go to real assets, just like happened in.
• 26:45
  China. Right, just like what happened
• 26:47
  in China. Why do you think people are so
• 26:49
  crazy about gold? And silver in China right now.
• 26:53
  Right, because their real estate market crashed and because
• 26:57
  their. Stock.
• 26:57
  Market went through a very difficult time.
• 27:00
  People are like, where are we? Going to put our money.
• 27:02
  Oh, it'll. Happen here in the United States
• 27:05
  as well right absolutely will happen here as well.
• 27:11
  Let me give you an example if you if you don't believe me that
• 27:14
  right now the stock market is unbelievably.
• 27:17
  Overvalued OK in 2000. Two, remember the tech bubble
• 27:22
  most. Of you are old enough to
• 27:24
  remember that the tech. Bubble.
• 27:25
  Remember the tech bubble? Burst one of the darling.
• 27:29
  Companies. Right, you may not remember this
• 27:31
  Sun Microsystems. Scott Mcneely was the.
• 27:35
  CEO of Sun Microsystems after the bubble burst and you can
• 27:39
  Google this and it's out there. He was asked.
• 27:43
  What did you think about these and think of?
• 27:45
  NVIDIA now think of the NASDAQ now.
• 27:47
  OK, they asked Scott Mcneely. What did you?
• 27:50
  Think. Of these valuations, he said it
• 27:53
  was absurd. That in 1999.
• 27:56
  My company, I think this is crazy guys.
• 27:59
  My company, Sun Microsystems was selling at a price to sales
• 28:04
  ratio of 10 to. One right then into the market
• 28:08
  cap. Or the price of the.
• 28:09
  Stock was equal to 10 times. The.
• 28:13
  Attributable annual sales amount.
• 28:15
  Now this is where it's. Nuts.
• 28:18
  Nothing against Microsoft. I have a very close relative who
• 28:21
  I love who's got a great career at Microsoft.
• 28:25
  That's a great. Company right now.
• 28:27
  And it's right now. OK, and I can prove it to.
• 28:30
  You here let's go I'm. Going to go for a little ride.
• 28:33
  If you guys haven't used this yet, you got to use ChatGPT.
• 28:37
  OK, hold on here. This is from ChatGPT.
• 28:43
  I asked them if you look up here, OK, it's.
• 28:46
  Just like Google on steroids. Make sure I got the right screen
• 28:50
  up. I do, I asked Chad.
• 28:53
  There's Chad GB, TI said. It's just like Google.
• 28:56
  You type the question what is? Microsoft's price to sales.
• 28:59
  Ratio As of July 3rd, Microsoft's price to sales ratio
• 29:04
  is approximately 14.5. This is the rate this ratio.
• 29:10
  Derived from the. Company's market capitalization
• 29:13
  is the value of all their stock. OK.
• 29:15
  And that's divided by their total revenue.
• 29:18
  What that means, just so you know this, this is what Scott
• 29:21
  Mcnealy said. What that means is that.
• 29:24
  Microsoft, if you own a share of Microsoft stock, it would take
• 29:29
  15 years of them returning to you your share of their revenue,
• 29:35
  right just for you to get. Your money back.
• 29:38
  OK, that does and that's make bully bland because because.
• 29:41
  Companies have these things called expenses, right?
• 29:45
  And granted Microsoft. Makes this a good healthy profit
• 29:48
  margin, but they have these things called expenses.
• 29:50
  And they also. Have to pay taxes, and that's
• 29:52
  what Scott Mcnealy said. But then when he used his.
• 29:54
  Example from. 1999, he said. It would have taken us 10 years
• 29:58
  of giving all of our sales back to our shareholders just for
• 30:01
  them to break. Break even and that's make
• 30:04
  believe land. So guys, it is.
• 30:07
  Real. It is absolutely frightening out
• 30:10
  there right now what is happening in this market.
• 30:14
  OK, it's a Ponzi. Think about this.
• 30:17
  Think about this and this has everything to do and I'm.
• 30:21
  And we're gonna talk. About how this absolutely
• 30:23
  relates to the silver. And gold price I.
• 30:25
  Can't believe we have 800 of you basement dwellers.
• 30:28
  I haven't. Oh my gosh, let's I said thank
• 30:31
  you to sponsor. Pembax.
• 30:33
  Please. Thank you.
• 30:35
  To sponsor First Mining Gold and Fortuna Mining.
• 30:39
  Looks like the lighting's a little off.
• 30:40
  On that side. Hold on a second, I'll be right
• 30:42
  back basement dwellers, see if I can fix this.
• 30:50
  Yeah, yeah. That's not.
• 30:53
  Good, there we go. Now you can.
• 30:57
  See it? Fortuna Mining you can.
• 31:02
  Learn both. Learn a lot about full post
• 31:04
  companies at their respective websites.
• 31:05
  Now red alert, OK, the market. Right, red alert.
• 31:11
  From Jerome Powell, Red alert. From Janet Yellen, red alert
• 31:14
  from Jeffrey Gunlock. Think about it.
• 31:17
  OK, red red alert from yourself. Do you see it?
• 31:20
  Can you work a calculator? Can you figure right?
• 31:23
  Like think about yourself if you were had. $1,000,000 in debt.
• 31:29
  Right that you're paying 2. Percent interest on and next.
• 31:32
  Year that $1,000,000 debt interest rate's gonna be at 10%.
• 31:35
  You'd be up a Creek without a paddle.
• 31:37
  Make common sense. Red alert.
• 31:40
  This. Stock market and I was.
• 31:42
  Talking to my neighbor, the. Financial.
• 31:44
  Nice guy, great guy, wonderful young.
• 31:46
  Smart, you know, was talking with him because we're walking
• 31:48
  we're walking around the 4th of July parade and I'm talking
• 31:51
  about the the. Demise of the dollar.
• 31:53
  And the bubble in the stock market?
• 31:56
  That's how I roll, OK. Think about this you just talked
• 32:01
  about. And I told him this.
• 32:03
  And I think it shocked him. But I said, you know.
• 32:06
  That. Most of the stock.
• 32:07
  Market right now is really. Nothing more than a.
• 32:10
  Big Ponzi scheme? Right, it relies on.
• 32:14
  If you don't know this like the. Stock market like when you.
• 32:17
  Hear OH. Hold on a second when you hear
• 32:24
  oh. You know, and then.
• 32:26
  Stock closed at 100. And $30 a.
• 32:29
  Share blah blah blah. All that means is that's.
• 32:32
  The last. Time that a buyer and seller.
• 32:35
  Agreed to trade shares at that price when you own these stocks,
• 32:39
  right and and, and you, you, you don't have your money till you
• 32:42
  sell them. OK.
• 32:44
  Sorry, that's the reality of the situation and what you're
• 32:49
  relying. On is what they.
• 32:50
  Refer to as the greater. Fool.
• 32:52
  Mentality that at some point right?
• 32:54
  Well, I bought, I bought NVIDIA at 100 bucks a share and that at
• 32:59
  some point somebody's gonna come along and be willing to give you
• 33:02
  120 or 130 or 200. Per share, it's a.
• 33:07
  It. But underlying these stocks are
• 33:10
  very little assets. I'll argue at this point,
• 33:14
  especially with the advent of. You know the the index investing
• 33:19
  like the. S&P 500 people don't even know
• 33:20
  what they. Own people don't even know.
• 33:23
  Look, I'm not dragging. But I have a financial.
• 33:25
  Background, I can read balance sheets, I can read income
• 33:29
  statements, cash flow statements, right?
• 33:31
  I understand how the markets. Work enough to know.
• 33:35
  That a lot of these big stocks are ponzies, right?
• 33:40
  I understand. I don't expect everybody else to
• 33:42
  trust. Me.
• 33:43
  It's people are just relying on somebody else wanting to pay
• 33:47
  more for it in the future, right?
• 33:49
  It's like a game of musical tears.
• 33:51
  Hold on a second, I'm getting some voice.
• 33:52
  Problems. Give me one second.
• 33:59
  It's a game. Of musical chairs, right?
• 34:02
  It's a Ponzi. In the assets like.
• 34:05
  Let's say you buy I. Did this comparison a while back
• 34:08
  with Apple computer. I looked at Apple computer.
• 34:10
  It's like in like for each $100 that a.
• 34:13
  Person might have invested in Apple computer.
• 34:16
  It was only like maybe two, I'll be, I'll be generous.
• 34:20
  It was like maybe two or three, two or three percent so.
• 34:23
  Two or $3 worth. Of real hard assets.
• 34:27
  You can check me on that. At most it's $5.
• 34:31
  Right when I say real hard, I. Mean for each $100 you have in
• 34:34
  in ample stock, maybe you've got like $5 worth of cash, Real
• 34:41
  estate, anything real. Everything else is just hope,
• 34:44
  right? Hope that that Apple will
• 34:47
  continue to, you know, dominate. The cell phone world.
• 34:51
  Talk to people that own Xerox stock, talk to people that own
• 34:55
  IBM stock, talk to people that own Cisco, Drain the tech
• 35:01
  bubble. Talk to people who own Sun
• 35:03
  Microsystem, these tech companies, so.
• 35:06
  Number one. A lot of this market is based.
• 35:09
  On just this Ponzi base and then the the.
• 35:12
  The the advent of these ETFs that just track the indexes has
• 35:16
  made the situation even worse. But then think about this.
• 35:19
  Silver and gold investors. This is where it gets
• 35:22
  interesting. Not only are the stocks
• 35:24
  themselves. Kind of a.
• 35:26
  Ponzi open, you know, hold and hold type mentality.
• 35:30
  But on top of that. On top of that, think about
• 35:34
  this. This was the IT came.
• 35:36
  To me in the shower like a. Lot of my great thoughts.
• 35:38
  I'm sure you're the. Same way.
• 35:41
  Think about the fact that on top of that.
• 35:43
  Hold on a minute here. Not only is it a Ponzi, but the
• 35:50
  unit of measure used to value it, the US dollar, it's a Ponzi
• 35:56
  too. I mean, it's like a double.
• 35:58
  It's like a double Unicorn artist world that we're living
• 36:02
  in. You get these stock valuations
• 36:04
  which are make believe land, but they're being valued.
• 36:08
  If I make believe land. I'm telling you, think about
• 36:10
  your silver and your gold. Now think about your silver and
• 36:14
  your gold, 'cause we are. Living in.
• 36:16
  Fantasy World. Fantasy Island.
• 36:19
  Right Jerome pals and and. Or or Joe Biden's the guy,
• 36:23
  whatever his name is, in Jerome. Pals like Tattoo.
• 36:25
  Remember Fantasy Island. You're probably old enough to
• 36:28
  remember that. Those of you that aren't.
• 36:30
  It was a show about an island where everybody's fantasies came
• 36:33
  true. OK.
• 36:35
  I mean, it's absolutely crazy town.
• 36:38
  Gold and silver are like are like the the opposite of that.
• 36:43
  And I'll tell you this as well, the precious metal mining stocks
• 36:46
  that nobody pays to nobody. They're the same way.
• 36:50
  Remember that? I remember that example I gave
• 36:52
  you about Apple, like $800.00 of of.
• 36:55
  Money that people have invested. In an Apple computer, they maybe
• 36:58
  have two or three or $4.00 worth of real.
• 37:00
  Assets per that $100? Well guys, is precious metal
• 37:05
  mining. Stocks, they're the opposite.
• 37:07
  A lot of them now, some of their prices.
• 37:09
  Have gone up but a lot of them for each 100.
• 37:12
  Dollars that that are invested into the company's stock,
• 37:16
  they'll have at least $50 or 60 or 70 at some point was even.
• 37:20
  More than $100. Of real assets and what makes it
• 37:26
  easier is they're making. A ton of money.
• 37:28
  So. Anyway, thanks for speaking.
• 37:33
  With me today through the. Technical difficulties.
• 37:35
  I hope you guys have a great day.
• 37:37
  Thank you so much for being here.
• 37:38
  Thank you to the moderators and I will see.
• 37:41
  You. Next time have a great.
• 37:43
  Day bye, bye.