Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨Catastrophic CHANGES!🚨-To the Dollar (June 9th), SILVER Price and Gold PRICE!!

Transcript

🚨Catastrophic CHANGES!🚨-To the Dollar (June 9th), SILVER Price and Gold PRICE!! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:04
And welcome to the live stream and let me get up on the screen
0:07
for you. Thank you for being here.
0:09
Happy Sunday. It's a big deal you're here.
0:12
Friday was a catastrophic day for the silver price and the
0:16
gold price. But we need to examine the
0:20
catastrophic circumstances surrounding the US dollar right
0:24
now. Big debt issues and massive D
0:28
dollarization issues. I want you to think about that
0:31
right? We've got a massive, massive
0:34
debt problem right now in this country and we also we have a
0:38
1-2 punch right silver and gold they.
0:41
Got hit, we got hit. Basement dwellers, we got hit on
0:44
Friday 1/2, right? The Chinese government saying
0:48
they're not, but they didn't buy gold for one month,
0:50
coincidentally a month where gold hit an all time.
0:52
High, but none the less we also got hit by the 2nd.
0:55
Punch, which was great jobs numbers.
0:58
Someone referred to that as Comic Relief, but nonetheless,
1:02
the dollar, which is in the long run for you and me, way, way
1:08
more important than any of the short term noise.
1:12
The dollar is facing catastrophic circumstances right
1:16
now. When we look at the debt levels,
1:18
when we look at the de dollarization going on.
1:21
We're going to talk about this June 9th is today, today's June
1:25
9th. Oh my gosh, I have to go to the
1:28
gas station earlier. I wonder if they're going to
1:30
charge me in Chinese yuan if I want to fill my car up with
1:34
gasoline, right. If you heard that the big news
1:37
out of Saudi Arabia, let's start.
1:40
Let's just take a a start. Is this was this a last ditch
1:43
effort by the powers that be to prop up the dollar to prop up
1:49
interest rates? Some people think we are on the
1:51
precipice of major catastrophic moves in the dollar.
1:56
But it's interesting because last night I was watching some
1:59
documentaries from like 2009, 2010, 14 years ago now.
2:04
Isn't that crazy how time flies? But none the less, I saw
2:07
interviews with Peter Schiff and with other people was a very
2:10
interesting documentary about the Wizard of Oz.
2:15
And let me tell you if you're a silver stacker and a gold
2:17
stacker. We've all.
2:19
We've all you've. Watched that movie The Wizard of
2:21
Oz. Did you know that that movie is
2:23
based on silver and gold? The actual book that was written
2:28
that the movie was based upon the book The Wizard of Oz was
2:32
all about silver and gold in the in the country going off the
2:36
bimetallic silver. It's really a lot about silver.
2:39
As a matter of fact, Dorothy's in the book.
2:42
Her, her, her, her slippers are not made out of Ruby.
2:46
They're silver slippers, but nonetheless.
2:50
This whole documentary is about how we're on the things are
2:53
worse now. OK, I'm going to show you
2:55
something that's absolutely crazy.
2:57
Let's first right They they use the excuse on Friday.
3:01
To anything to prop up the US dollar.
3:04
Let's look at the US dollar. This this is a chart of the US
3:08
dollar on Friday dollar. That's a huge move up almost 1%.
3:14
This is the DXY index. But guys, it's time for us to
3:19
remember if we if we move this chart out to what would that be
3:24
1985, let's say 1540 year chart. Let us remember that where we
3:30
are right now at 1:05, how how many times we were above 105
3:36
there and we were above 105 for about, I don't know, two or
3:41
three years there. We are in Nosebleed territory
3:45
for the value of the US dollar. And this actually, I misspoke, I
3:51
apologize. I want to make this real simple
3:52
for you guys. This is the DXY index.
3:56
This basically compares the dollar not against bread, not
4:00
against silver, not against gold, not against oil.
4:03
No, this is what all the big mainstream media, this is how
4:06
they try to fool you. OK, fool me.
4:09
This compares the dollar, the DXY index, to the euro.
4:14
To the yen, to the couple other Fiat make believe crappy
4:19
currencies. The DXY index, when you're
4:22
looking at this and and this is we have to pay attention because
4:25
that's what all the mainstream guys talk about.
4:27
Gold and silver got clobbered. The dollar went up, right?
4:31
The dollar skyrocketed on Friday.
4:33
Gold and silver got clobbered, right.
4:36
But what this DXY index is, it's like a used car lot.
4:39
It's like the worst. Think about the worst used car
4:42
lot in your city. And you go there and it and it's
4:45
like comparing the three worst used cars on the lot, right?
4:49
That's what this is. It's not comparing the value of
4:53
the dollar against anything real.
4:56
This is not the dollar versus oil, dollar versus the cost of
5:00
housing, the dollar versus bread, the dollar versus gold
5:04
and. Silver, no.
5:06
OK. But but now nonetheless, when we
5:09
look at this, let's go back, let's take a little trip back in
5:12
time if you don't mind this. I showed you guys, gosh,
5:17
probably 6 months ago, this is the DXY, the dollar index.
5:21
There we are again at 1:05. OK, 40 years.
5:25
This maybe I think makes. It a little clearer.
5:28
We've only been this high for a handful of years out of the last
5:32
40 years. So this could become right.
5:36
I heard, I've heard many of the analysts say the dollar could in
5:39
the coming years go down in that the DXY index down to like 80,
5:44
right? That would be massively bullish
5:47
for the price. And let's just take a quick
5:49
look. Let's take a quick look at you.
5:52
Hey, you're looking good. Thank you for being here.
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distracted and read about our sponsors.
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OK, now let's go look at the 10 year bond yield.
6:31
That's the other wrong one. Here we go, 10 year bond yield.
6:37
That was the other reason why on Friday, right?
6:41
Gold and silver got clobbered. Now, again, this is crazy.
6:45
And this I want you. You really need to pay attention
6:47
here because next we're going to go look at the US debt clock and
6:51
I'm going to show you something that's going to blow your mind.
6:54
OK, look here we are, 4.43% all right.
7:00
See that little green line they put on there, right goes all the
7:03
way across. I want you to notice something.
7:06
The last time that that rates, they went above a little bit
7:10
there, but really the last time that rates were higher, interest
7:14
rates were higher than they are right now was all the way back
7:19
in 1998. We can say.
7:21
We can say comfortably 25 years ago.
7:25
It's been 25 years since interest rates have been this
7:29
high. So I ask you a question.
7:31
Do you think they can raise interest rates much higher?
7:34
The only way they can, and I've said this, is if inflation gets
7:38
completely out of control, which it will, OK, which it will.
7:42
But the only way they're going to be able to raise rates any
7:46
higher at this point is if we have hyperinflation and we're
7:50
inflating away the debt. OK?
7:52
Keep it simple. Keep it simple, but let's go
7:57
look at the US debt clock, because if you go back here to
8:00
the last time that rates were really in this range, really
8:03
higher, right, we're around the year 2000.
8:07
Yeah, there we are about right here.
8:09
Let's say if we go to the. U.S. debt clock, OK, there's a
8:14
little difference, right? This time we have 35 trillion.
8:19
We're going to round up $35 trillion in national debt, all
8:23
right, but. But I want you to pay attention
8:25
to this because if we go back to the year 2000, the last time
8:32
that we had rates. Oh, oh, oh.
8:35
Shoot. Hold on, everybody.
8:37
I just dropped Susie. Hold on.
8:42
Susie, You. You're broken.
8:47
I'm sorry, guys. Oh, boy.
8:50
Hold on here. We're live still.
8:52
I think I'm still live. Are we still alive?
8:54
Can you guys see me? OK, hold on.
8:57
I dropped Susie. We're going to put her batteries
9:00
back in. She'll say don't worry about it.
9:03
But Susie is a very critical part of this channel.
9:06
I need her support. And here we go.
9:11
Hold on. Susie, can you hear me?
9:16
OK? I'm sorry.
9:17
I'm sorry I dropped you. OK.
9:26
Susie's the best. So we're gonna put Susie back on
9:28
her throne and attempt not to knock her over.
9:30
Let's go back to the US debt clock.
9:32
I digress. Thank you for sticking with us
9:34
through this. OK, here we go.
9:38
OK, look, we went back. This is the.
9:41
Year in this day in the year 2000.
9:45
OK, let me make sure I got this. Got you guys on there.
9:48
Yes, we do. All right.
9:51
What was the US debt back in the year 2005?
9:54
Trillion dollars. And we thought that was crazy.
9:57
OK, guys, we thought that was nuts, absolutely nuts.
10:01
But what's, what's there's something about this you need to
10:04
think about, All right? Back then around this time,
10:08
interest rates were roughly where they are now.
10:11
The US debt is almost seven times higher.
10:16
Right now, so think about this, I'm going to give you an example
10:19
of how of how crazy this debt level is becoming and how it's
10:23
going to lead to absolute devaluation of the dollar and
10:27
there's more going on there's June 9th if you want to fill
10:29
your car up with gas. I think when you go to the gas
10:32
station today, apparently they're not taking the Saudis
10:35
aren't taking dollars for. Oil anymore?
10:37
They may charge you in Chinese yuan, but we'll get to that
10:40
later. Let's focus on this first. the
10:43
US debt 5 trillion as opposed to 35 trillion.
10:46
Now look six times higher. We'll say 6 to be conservative.
10:51
Think about this. This would be like if you and
10:54
your spouse significant. Other or just you as an
10:57
individual had $100,000 in debt, credit card debt, mortgage debt,
11:05
whatever. Your total debt was $100,000 and
11:08
you're paying 4% interest. OK, so you're, you're paying
11:12
$4000 per year, right? You're enslaved to someone.
11:17
That's the reality. That's how this credit debt
11:19
system works. That's America, right?
11:21
Home of the enslaved. You're paying 4000 a year 'cause
11:25
you have $100,000 in debt. Let's say what 24 years later,
11:32
right, your debt went up by 600% by 6 times.
11:36
Now your debt is $600,000, so now at 4% instead of paying 4000
11:44
a year, which was kind of manageable, right now your debt
11:47
is $24,000 per year, right? And that's a a line by line
11:55
exact relationship between the US national debt and what it
12:00
would be like on a personal level.
12:01
But wait. Think about this.
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OK, so if your debt has gone up by 6 times, you're paying 24,000
12:10
a year. What if rates go higher?
12:12
What if rates go to 10%? Now instead of paying 24,000,
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you're paying 60,000 per year. So the US government can't.
12:21
I mean, we're already paying. I know there's all kinds of
12:23
crazy statistics out there. I can't remember all this stuff,
12:26
guys, right? There's all kinds of crazy
12:28
statistics out there about what are we?
12:31
We're paying more in interest right now than we are for
12:33
National Defense. Think about it, right?
12:37
The dollar is in big trouble. So yes, Friday was catastrophic
12:42
for silver and gold. It was a bad day.
12:44
I don't remember many days where gold's down what, $80.00 per oz,
12:48
silver down 2 bucks per oz, right, Friday was.
12:52
But I'm telling you, if we we short term noise is what I want
12:58
to say #1 number. Two, if we look at them, the.
13:00
Long term, the dollar is in big, big trouble.
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Let's go back to the debt clock here for a second.
13:06
Let's just check on silver. Hi, ho silver.
13:09
So this is where you can change The Time Machine.
13:14
I'm just curious, what do you guys think?
13:15
The national debt was in 1993 trillion dollars.
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So from 1990, right? I was 20 years old.
13:26
I don't know how old you were. Some of you weren't born.
13:28
A lot of you may. But anyway, 1990 I remember 1990
13:31
I was in college. Studying accounting, Just
13:34
starting to learn about this. The national debt was 10% of
13:38
what it is today. This is insane, right?
13:42
Per Citizen 14,000. What about 1980?
13:46
Let's go back to 1980. This is fun.
13:51
We weren't even at a trillion dollars.
13:53
Oh my gosh. Since 1980, the national debt
13:57
has gone up by over what, 35 times?
14:01
Oh my Lord, right. What was the US population back
14:05
then? 226 million.
14:08
Let's go to today. Oh, here we go.
14:11
Let's go to 2028 and see what the debt's gonna be.
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Are you ready for this? Oh, brother.
14:17
Oh, it'll be. This is projected $46 trillion.
14:22
That means if you work look at this.
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This should make you mad. That's the US debt per taxpayer.
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That's, what, four years from now?
14:30
This is crazy. The debt per taxpayer equals the
14:33
US national debt divided by the number of US taxpayers.
14:37
Go, go, Go figure. Right.
14:39
That's easy to understand, right, Per Citizen, $132,000,
14:45
what are they saying about silver?
14:47
Dollar to silver ratio at that point will be $184 per oz.
14:53
All right, let's go back to, let's go back to today and check
14:58
on silver and we'll check on gold while we're at it, right?
15:02
So the dollar to silver ratio today 157 'cause remember guys,
15:10
this is growing again. This is inflation.
15:13
The M2 money supply, right? That it was decreasing this
15:17
number was 0 because this number divides the growth in M2 money
15:24
supply and M2 money supply is just a fancy way of saying
15:27
basically all the money in the economy, checking accounts,
15:30
savings accounts, you know, the liquid cash, everything in the
15:33
economy, it's growing again. That is inflationary, right as
15:38
we're in the situation where the economy's slowing down.
15:41
But but this number, let me slow down for you here, here.
15:46
If you go right here, if you ever want to get the definition,
15:48
you just put your yellow finger or whatever fuller, whatever
15:53
fuller your color, I don't know, color, your finger is on that.
15:57
And then you go up to the top, the top middle right there it
15:59
says U.S. dollar to silver ratio.
16:01
Now this was a big deal six months ago.
16:04
People were making all these YouTube videos silver to 0
16:07
'cause it was 0. All this is doing is the year
16:10
over year increase in the USM two money supply.
16:14
That's the growth in the money supply divided by the yearly
16:18
world production of silver in oz, which we know is about 850
16:23
million oz. So now, right, the money is
16:26
growing at a rate that equals $157 per ounce of silver when
16:34
you compare the growth of the money supply to the growth in
16:37
the silver supply. OK, paper to silver ratio.
16:41
Let's just look at that one real quick. 390, we'll just say 400
16:45
to one, the number of quote, UN quote paper silver oz traded on
16:49
the major world silver exchanges divided by the actual world
16:54
production of silver. That means there's 400 ounces of
16:59
paper silver traded for each one ounce of silver.
17:04
That is that that is this. Well, there's some new stuff
17:07
down here. G7 GDP to gold ratio, that's our
17:13
gross domestic product of the seven member G7.
17:15
Those are the United States and the other ones in dollars
17:19
divided by their reported combined gold holdings.
17:23
That's interesting, $72,000 per oz.
17:27
Bricks 136. Wow, the Bricks countries are
17:30
just growing like crazy. All right, let's get back here.
17:33
Thank you, guys. This is getting crazy.
17:35
So we're talking about debt problems, major debt destruction
17:39
possibility. OK, We looked at the DXY chart.
17:43
Trust me, OK? That's that's that's the that's
17:46
that's those the. Dollar and the yen and the euro,
17:49
they're all a big mess. We're talking about real value
17:53
in silver and gold, right? Eventually the real value will
17:57
manifest itself. Absolutely.
18:00
OK. Oh, this is interesting.
18:02
So the other big reason? Oh boy, we got some breaking
18:05
news. From China, right?
18:07
Breaking news. But you know, they used this
18:10
whole Friday, this whole big BS story that this is such BS.
18:17
Let's talk about this. Oh, the, the, the PBOC, the
18:20
People's Bank of China, right, announced that they didn't buy
18:24
gold for one month and it sent the gold price plummeting,
18:28
absolutely plummeting on Friday here, let's just read this.
18:32
I'll read. This to you?
18:35
Don't. Don't trust me.
18:36
Right? Trust Kitco.
18:38
And here we go, Kitco. Let's see.
18:41
Let's give credit to whoever wrote this.
18:43
Ernest Hoffman, right, Wall Street throws in the towel on
18:46
gold after Friday's route Main St.
18:49
Optimism likely a pre sell off snapshot.
18:53
OK, here we go here, right? The people.
18:58
'S Bank of. China stole the spotlight in the
19:01
early hours. This was early Friday morning
19:03
when you and I were sleeping right announced at 4:00 AM
19:07
Eastern Time that they'd broken their 18 month streak of
19:11
sovereign gold purchases in May and sending metals prices
19:17
crashing through multiple levels of support as algorithmic that's
19:25
I can usually say that word stop loss orders were filled in rapid
19:29
succession. Spot gold sank like a stone.
19:32
Oh, and by the way, Ernest. We love Ernest.
19:35
He puts out great material. But Ernest, you forgot to
19:39
mention silver. If gold sank like a stone, well,
19:42
silver sank like a silver bar, right?
19:44
And when it fell out of your boat into a length into a lake
19:47
Spot, gold sank like a stone, falling from 2374 just before
19:51
4:00 AM to 2343 only an hour later, with much of that move.
19:57
Taking place in a matter of minutes.
20:00
Because as you and I know, the Comex and the LBMA will take
20:03
advantage of any opportunity they have to smash the paper,
20:08
Unicorn fart dust, make believe, whatever you want to call it,
20:11
price of gold and silver down to the ground.
20:15
Because the Fiat money system, the banking system hates silver
20:19
and gold. Because silver and gold are the
20:21
are the kryptonite to the dollar.
20:23
They're the antithesis to the dollar.
20:26
Silver and gold are real money, so when they.
20:28
Get a chance when they get a little window of opportunity,
20:31
they push. They push it, baby.
20:33
They give it all they got to kill.
20:35
I don't remember. I remember.
20:37
Do you remember the Sunday night Smash down?
20:39
I was telling Susie? It was before Susie.
20:41
Really. Got into silver and gold and we
20:43
dropped the girls off at my parents on a Sunday night.
20:46
They were spending the night with my mom and dad and we went
20:48
to dinner and I pulled up. I got a problem.
20:51
OK, maybe you can tell us in the deep, maybe you have this
20:54
problem too. But it was Sunday night and as I
20:56
often do on Sunday nights, I'll check the price of silver and
20:59
gold. We were at dinner and gold was
21:01
down like $100.00. So what happened on Friday was
21:05
extraordinary. I mean, silver was down 2 bucks.
21:08
You know, thankfully guys, we shouldn't have to deal with too
21:12
many more of these crazy down days.
21:14
But but I'm hearing OK and I. Have to be.
21:18
Honest, I got a kind of got a feeling and I hope I'm wrong.
21:22
Look, here's a little the, the, the Chinese markets are closed
21:26
on Monday. Is, is the best that I've
21:28
learned and been from the research I've been doing because
21:31
of a holiday like boat day or something they call it, I don't
21:34
know, riverboat Day. They could the Comex and the
21:36
LBMA could be up to some monkey business again on Monday.
21:40
But that's OK. We'll make it.
21:42
We'll get through it. But they used this whole China.
21:46
PBOC. The PBOC.
21:49
Bback say it. It's fun to say.
21:50
It's almost fun to saying Pimbex, right?
21:52
Pimbex Pi MB EX If you want to get your hands on some silver,
21:57
gold or platinum, do yourself a favor.
21:59
Check out Pimbex. You can go to their website at
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but I will recommend that you may benefit from checking them
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get more quality metal for my money.
22:46
Now back to China. China.
22:48
Oh my gosh, right. Oh the P box, stop buying gold.
22:52
Oh. No right, the number one number
22:56
UMO numero Uno. Let's not forget guys, gold hit
23:00
an all time high in May. An all time high, right?
23:05
You know nominal terms. Do you know the difference
23:07
between nominal and real? Nominal just means number.
23:11
So whatever we hit 24. I should know this but I don't
23:14
2440. Five, maybe it was, depends if
23:17
you're talking spot or futures and everybody gets all confused
23:20
about that anyway, gold hit an all time high in May, right?
23:27
But what about this point? But Pima, the People's Bank of
23:31
China apparently wasn't buying any gold in May Think about it.
23:37
And we still hit an all time high.
23:39
So there's reason why the L, the LBMA, the London Million Market
23:44
Association and the COMEX, those wonderful nice people in New
23:47
York that trade silver and gold, the reason they used to kill
23:51
silver and gold, right? It, it, it's, it's, it's just
23:54
complete BS because we hit an all time high during the month
23:59
when the PBOC wasn't buying any gold.
24:01
You know why they're not buying gold?
24:02
I'll tell you why they're not buying gold because their
24:04
citizens are sucking it all up, right?
24:07
Their citizens want it. All right, let's go, let's go.
24:10
This is. Interesting.
24:11
Our friend Shanghai. Shanghai.
24:13
Wait a minute. Oriental or uh oh, what is that?
24:17
All right. Let's go, let's go, baby, we
24:20
got. More to We got more to cover
24:21
here. There what?
24:29
What? OK.
24:37
I can't say Shanghai anymore. I have to say Shanghai.
24:40
Comex silver plummeted. This is the Oriental ghost, OK?
24:45
Says Comex silver plummeted. OK, while today in China's
24:50
largest online, I think I'm in trouble with Susie.
24:52
Oh man, I think I just heard the door locked to the basement.
24:55
Comex Silver plummeted while today in China's largest online
25:00
electronic business platform, JD.
25:02
Dot. Comjd.com is like the Amazon.com
25:06
of China. Now I'm all flustered.
25:09
I need to make sure I still got you guys on there.
25:11
There you go. OK, OK.
25:14
The price of silver bars remained unchanged.
25:18
No drop of 1/2 penny. Thank you Oriental Ghost for
25:22
pointing that out. Now I did some math on this.
25:25
It wasn't real clear to me. That's 800 and CN¥25.
25:29
And when I did the math that's for 100 grams, I came out to
25:33
around $33.00 an ounce for silver.
25:36
But the point is that the price of silver on this massive
25:41
Chinese, I mean, this is like their version.
25:43
This is where a lot of Chinese people buy silver and gold.
25:47
From my understanding, the price didn't drop a penny, right?
25:52
And let's go down here and see what else.
25:56
Let's go see. He had more to say about what's
26:00
going on in China. And really, everybody loves this
26:04
guy. Everybody follows him.
26:05
Thank you, Orient. It's old ghost.
26:07
OK, And where was it? The leopard pauses and blah,
26:13
blah, blah. OK, here.
26:15
He says right here. This is on June 7th here in
26:18
China. Here China is just PBOC.
26:22
Not buying for one month does not mean not buying in the
26:26
future. Thank you.
26:28
He says check TikTok. Tik Tok's huge in China.
26:31
As you probably know, many ordinary people, ordinary
26:35
Chinese people complain that the price has risen to quip quickly.
26:40
He says most people have not bought yet.
26:43
What will they do once a crisis breaks out suddenly?
26:47
So think about. This guys think about this.
26:50
The Chinese government, right? The Chinese government very well
26:55
may have stopped buying gold because they know their citizens
26:58
are sucking up all the gold that they can.
27:01
What evidence do we have of this?
27:03
Let's go take a look. Hold on here.
27:06
I'm going to pull you, guy. I'll just let you watch as I get
27:09
through this. Darn it.
27:11
There. That's the evidence, right?
27:14
800 see that 800,000 people line up after the one of their last
27:19
festivals to buy gold. If you think about but you know,
27:23
if let's say tomorrow that the that the the Comex and the LBMA
27:28
are successful in beating gold and silver down some more, I may
27:32
move in. I may be a buyer.
27:34
OK. 'Cause I just think I haven't
27:37
bought anything for a while. Last time I bought silver was
27:40
when it was 22 back in February. OK.
27:43
Is that as I'm pretty sure about that?
27:45
Anyway if it. Moves back if they get silver
27:47
down into that 2827 range. I may be in that line but that's
27:52
800,000 people in China lined up to buy gold.
27:56
Now this was granted I don't know, 6-8 weeks ago after I
28:00
think their lunar festival, but what's going to happen if we get
28:03
a big drawdown? I'm going to.
28:04
Have a sip of coffee. I'll be right back.
28:10
Let's check in with Susie and make sure we're OK.
28:13
Susie, are we doing OK? OK.
28:22
You want to say hi to everybody. Thank you.
28:24
So. Much for thank you.
28:30
Oh, where'd your hand go? I dropped your hand.
28:33
Uh oh, oh, here it is. Yeah, yeah.
28:38
Susie says hi to everybody. OK, maybe we'll get her
28:41
commentary a little bit later on the gold price.
28:44
Where was I on China. So, so that was their big reason
28:47
that there there's there's 900,000 people, 800,000 people.
28:52
I'm prone to a little exaggeration.
28:54
Basement dwellers are the is the Chinese government.
28:58
It's almost like, here's the other thing, here's the other
29:02
thing, OK, that nobody's talking about, everybody talks about.
29:05
But now, oh, I'm telling you, the LBMA and the COMEX took the
29:10
little window of opportunity they had on Friday to kill the
29:15
price of silver and gold. Hang in there.
29:18
I think the long term, short term, long term, I think by the
29:21
end of the year, OK, I, I, I believe we're going to have
29:25
significantly higher gold prices and silver is could be in for a
29:30
major slingshot move. I'm warning you, I think we
29:34
could be in for some rough waters right the next.
29:37
Four to six weeks. I hope I'm wrong.
29:40
Sometimes I am wrong, OK, but. As we go into the end of this
29:44
year, man, there's so much going on.
29:46
Major bricks, The bricks, bricks, bricks.
29:49
Remember last year, bricks was the big subject, right?
29:52
Bricks, gold backed currency, right?
29:55
Well, guess what? The bricks are having a big
29:56
meeting later this summer. The bricks got a lot bigger.
30:00
OK, we're talking about D dollarization, but let's finish
30:03
up on China. China, stop buying gold.
30:07
Oh my God. Oh, that's the reason why gold.
30:09
It's not the only reason why gold went up.
30:11
Come on man in the Chinese population is chomping at the
30:15
bit to buy more gold. Are they going to take advantage
30:19
of this beat Artificial beat down?
30:22
The ad, right? Like like Shanghai Ghost said,
30:25
Huh? Did we finish with him?
30:26
Let's go back back to our friend.
30:28
I keep calling him Shanghai Oriental.
30:31
OK, Superjet. Hold on here.
30:33
I'm going to take that off. Hold on, guys.
30:37
Hopefully you're still here. I think we're still alive.
30:39
Hello, I think we're still alive.
30:42
Oh man, Super chance. Jay Lizard.
30:45
Thank you. Oh my gosh, there he is, the Mr.
30:48
Lizard man. There's our friend Jim.
30:50
Thank you. Wow, $50 buy some silver.
30:54
That's right. Hopefully I won't.
30:56
Thank you Jim, by the way, but hopefully I won't be able to buy
30:58
2 ounces of silver for $50. I'm ready to only be able to buy
31:03
one ounce of silver for $50.00 but I'll put it to.
31:07
Good use. Thank you, guys.
31:09
Thank you so much. Wow.
31:10
All right, let's go. Let's go make sure that we
31:13
finished up with the with the Oriental ghost and we all want
31:17
to say thank you to this guy. He's on Twitter.
31:20
OK, What does this mean? Oh, he had somebody had a
31:24
question. Does that mean that China has
31:26
already purchased enough? No.
31:29
OK, he's Central Bank of China's.
31:33
OK, it must be a planned purchase.
31:35
And the Central Bank of China's gold reserves account for a
31:37
small proportion of China's entire gold reserves, not even
31:42
as much as a company's gold reserves.
31:45
For example, Cheng Tong precious metals.
31:48
So the key is to look at the gold import data.
31:51
Thank you, Oriental ghost, right.
31:54
He what he's saying is the Chinese government doesn't even
31:57
relative to other gold hold held in that country by companies, by
32:03
individuals. OK, the amount of gold here we
32:09
go. The amount of gold held in China
32:12
that by the central bank, it's significant, it's a big deal,
32:15
but it really was overblown. Right.
32:17
I mean, it's not the only reason gold went up in which what the
32:21
Oriental ghost is telling you and me.
32:24
Look at the amount of gold held by companies and individuals.
32:28
Guys, it's a different world than what we're used to in the
32:32
United States where almost nobody holds silver gold.
32:35
India and China, it's a complete they're, it's, it's, it's an
32:39
interwoven in their culture in China, right, The real estate
32:45
market has bombed, the stock market has bombed.
32:49
And guess what? Chinese people are smart.
32:52
They don't touch, they don't trust banks.
32:54
They don't trust digital currencies.
32:56
What do they trust? Gold.
32:58
And it's not just it's it's not just old people like us, right?
33:03
I'm 54, I'm old. I'm old.
33:06
Oh, yeah, I buy gold. No, I mean, the reality is it's
33:11
the whole it's the young people are buying gold and silver in
33:16
China. The darn government in China
33:18
told the people six weeks ago. It was very clear, said gold is
33:23
very expensive. Buy silver.
33:25
Why would they tell their people that, huh?
33:28
Right, because they're having a hard time importing all the gold
33:31
that the people want. So now they're saying and
33:34
silver's even a better deal. I mean, I don't know.
33:36
Put the piece, Andy. Schechtman and Andy Schechtman
33:39
didn't say any of what I just said, but what he does say is.
33:42
Look at all the they don't, they don't whether you're talking
33:45
about China or. The United States of America,
33:49
they don't tell the real story right?
33:51
You gotta take the crumbs and piece it together and piece it
33:55
together. My final point on China.
33:58
Then I will rest my. Case is that haven't we heard
34:01
haven't we heard over and over and over for the last if you're
34:06
in the are you a silver and gold stacker right, you've heard this
34:10
you can't trust what. The P box says about how much
34:13
gold they have or how much gold they bought.
34:15
It's always like everybody's like it's that's not the real
34:19
numbers. So could maybe the P Bock have
34:21
said that because they want to buy gold cheaper?
34:24
I don't know. I'm just throwing it out there.
34:26
Take off my tinfoil hat. I don't know.
34:32
Let's have a sip of coffee. OK, we're back.
34:41
Baby, we got a little more to talk about.
34:43
Well, we got a lot more to talk about.
34:45
So the debt's a big problem in this country, the dollar losing
34:49
its value just mathematically because of that debt, OK.
34:52
But but but. The de dollarization is
34:55
happening and today's June 9th and there's all this uproar.
34:58
Have you heard right about today being the day when the Saudi
35:03
Arabians potentially are going to officially stop the Petro
35:07
dollar arrangement? Big, big, big, big deal, but.
35:10
Why is that a big deal? A lot of you are confused about
35:15
this and, and I'll explain it to you in very simple terms.
35:18
It's a big deal because in 1974, whenever it was, and it's so
35:23
interesting that it's right around.
35:25
Did you ever notice this right around the same time when they
35:28
set up the futures markets in silver and gold, right?
35:32
Remember that document? That's when they set the futures
35:36
market. That's which were set up to
35:38
manipulate the price of silver and gold.
35:41
There's not WikiLeaks documents. I can share it with you if you
35:45
want. Right where they said, Oh yeah,
35:48
if we set up a futures. Market we can induce massive
35:51
volatility. Think back to Friday, right?
35:55
Into the silver and gold market, and that will dissuade
35:59
individual investors from buying physical silver and gold.
36:03
It will dissuade Americans from buying silver and gold.
36:08
And guess what? It worked 'cause remember what I
36:09
talked about later? Just the old people buying
36:12
silver and gold. The old people in America now
36:15
they're in their 70s and 80s, they got bam.
36:17
Most of them got completely brainwashed.
36:21
OK, you ask? You ask your average 70 or 80
36:25
year old here in the United States about silver and gold.
36:28
OK? Not you, not me, right?
36:30
We know we pulled our heads out of our boomers, right?
36:36
And wanted to learn about what's really going on.
36:38
Watch these documentaries about the Wizard of Oz.
36:42
I think the guy's name was Bill. Still, it's unbelievable.
36:46
This has been going on since the 1800s where these big banks
36:50
tried to take over, get rid of silver and gold because the
36:54
banks want credit and they won. They succeeded.
36:57
But there's like documents where these bankers are like, we need
37:00
to scare people. We need to.
37:02
I mean they're. Really.
37:03
They really are evil, OK, I mean.
37:06
Maybe you don't want to watch this stuff because I even got my
37:09
eyes opened up a little more last night watching this
37:12
documentary that talked about why the Wizard of Oz book was
37:16
written because it was about silver.
37:18
It was like 18 said the great, I'm not a guru in this, but like
37:21
the great theft of the farmers, them and these bankers were
37:24
like, we can, we can basically screw these farmers.
37:29
We can take, we can buy half the farms West of the Mississippi
37:33
for like $0.50 on the dollar, you know, and they did they
37:37
these people suffered. I mean, it's really evil.
37:39
I'm sorry, where was I? I digress.
37:43
The dollar, the de dollarization.
37:46
Oh oh. Yeah.
37:47
So why I'm going to make this simple for you, OK.
37:51
Why the Petro dollar? 1974 they make, they create the
37:55
gold and silver futures exchanges.
37:57
The dollars no longer based on gold because 1971 Nixon took us
38:02
off the gold standard, OK? They needed the dollar.
38:05
To have some value and it had no, no value, right?
38:08
It's paper Unicorn fart dust. So what they do, they send Henry
38:12
Kissinger over to Saudi Arabia and Henry Kissinger sat down
38:15
with the Saudi royal family and from what I understand,
38:18
basically said. You can either only sell oil in
38:23
dollars or you may not like the other option.
38:28
I guess it's basically what they said and and we'll.
38:30
We'll protect you and you'll be our ally, Right?
38:34
So for 50. Years oil was only sold in
38:36
dollars. Now think about this.
38:38
What did that do when oil was only sold in dollars and oil is
38:43
the lifeblood of the world economy now and it's even more
38:48
so back then, oils only sold in dollars.
38:51
People needed dollars. It made the dollar more
38:53
valuable, right? People needed.
38:55
Dollars, dollars, dollars made the dollar.
38:58
Valuable because to a certain degree it was kind of sorted
39:01
back by oil, I guess you could say, but not really.
39:03
Anyway, I digress. What did people do with all
39:06
those dollars? Everybody needed dollars.
39:08
They were trading in dollars when they made profit, they had
39:11
excess dollars. They didn't know what to do with
39:14
them, but they knew they held their value right.
39:17
OK, in the United States with oops, sorry, it was over there.
39:21
And said we got a great idea, we'll take your dollars.
39:24
It allowed us to borrow way beyond our means.
39:27
Here, Let me. Let me, let me, let me.
39:28
Give you a graphic that will indicate to you what the Petro
39:33
dollar allowed. The Petro dollar allowed this to
39:37
happen, OK? It allowed your politicians to
39:40
be irresponsible with your money, right?
39:43
It allowed a lot of other bad things to occur, but this is not
39:48
possible without the world needing dollars.
39:53
And is that changing right now? So think about this.
39:57
That made the dollar valuable. Now, now.
40:00
Hello, metal sear. Yes, in the book The Wizard of
40:03
Oz, Dorothy Shoes, guys, you got to you got to learn about this
40:06
Wizard of Oz thing 'cause it is. If you're into silver and gold,
40:10
it's kind of madding. You know, at the end of this,
40:14
stick with me and I'll I'll, I'll bring you to.
40:17
I didn't watch the whole thing, but there's like a 2 hour
40:19
documentary about it. No.
40:20
OK, thank you. Thank you.
40:21
Metal sear. Let's put metal sear up there.
40:24
There he is. It was his old, nice old car.
40:30
So now let me paint a picture for you.
40:33
The world is reversing course. We got the bricks right.
40:37
And potentially a gold backed currency.
40:39
Who knows what they're going to announce this summer?
40:41
Who knows what they're gonna announce this summer?
40:45
It's could be crazy, right? Bricks.
40:47
Bricks plus, right? Brazil, Russia, India, China,
40:50
South Africa, Iran, Saudi Arabia, Egypt, Ethiopia and the
40:53
United Arab Emirates, right? But on top of that, they're all
40:57
moving away from using dollars for trade.
41:00
That means the dollar, when people don't need it, people
41:05
don't need it. That means the dollar becomes
41:08
less valuable, right? Dollars come home to the United.
41:12
States we don't want your dollars, People don't want the
41:15
dollar, right? And this is not gonna happen.
41:17
I, I, I I don't. I don't necessarily.
41:19
Agree that this is all gonna happen fantastically overnight.
41:23
It could. Nothing's out of the realm of
41:25
possibility. But what we do know, and even
41:28
Goldman Sachs, even JP Morgan Chase, it, it all the top people
41:32
are saying there's a massive dedolarization trend.
41:38
Going on right now in this country so if we get a situation
41:42
like if the if the Saudi if they do actually officially announce
41:46
we're done with the Petro dollar right which is what some people
41:48
are saying right there's there's here that will make the dollar
41:52
less valuable dollar anything that becomes less valuable right
41:57
That means since since you measure a lot of your life in
42:00
dollars I'm sorry I do too right I wish I could say I have
42:03
measure everything in ounces of silver and gold which I.
42:06
Do. But we also live in dollars,
42:08
right? The grocery store takes dollars,
42:11
the gas station takes dollars. Unless they only take you on
42:14
after the Petro dollar goes away.
42:17
Just joking. OK.
42:18
None the less is the demand for those dollars goes down, the
42:21
value, the real value of those dollars goes down.
42:26
What does that mean? That means prices go up.
42:29
Measured in dollars. Food, fuel, silver, gold.
42:35
OK, that's the reality of what? That's the big picture, the
42:40
catastrophe for the dollar going on right now.
42:44
We had a. Mini catastrophe on Friday, a
42:47
last ditch effort right by these powers that be, right?
42:51
To push down silver, to push down gold.
42:53
It's real. You got to remind me to go to
42:55
the Wizard of Oz and see if I can pull that up here at the
42:58
end. OK, here, let's take a look at
43:03
some of these and again, these are our unsubstantiated reports.
43:08
I want to emphasize that, OK, this was on X from Mardy Pardy.
43:15
I don't know who Mardy Pardy is, but he said on June 9th, which
43:18
is today, Saudi Arabia is expected to announce that it
43:22
will cease all oil sales in U.S. dollars, marking the end of a 50
43:27
year Petro dollar PAC signed on June 6th, 1974, which expires
43:32
today, June 9th. This decision is a significant
43:36
shift in global oil trade dynamics and could have
43:39
wide-ranging implications for the US dollar's role as the
43:43
dominant global reserve currency.
43:46
And then people all comment like, yeah, it's catastrophic.
43:49
Let's look at this. This is from Gazzara News.
43:53
OK? I don't know who they are, but
43:56
listen to what they wrote on. In June 2024, Saudi Arabia is
44:01
expected to announce that it will cease.
44:03
OK. The decision not to renew this
44:05
pact stems from Saudi Arabia's recent invitation to join the
44:10
BRICS and its move towards de dollarization.
44:13
Crown Prince Mohammed bin Salman has informed the Saudi
44:17
government that the country will no longer accept U.S. dollars
44:22
for oil transactions. This shift includes
44:26
considerations to accept other currencies, such as the Chinese
44:29
yuan for oil sales, as reported by the Wall Street Journal on
44:34
March 15th, 2022. Again, guys, there's a lot of
44:42
speculation about this Saudi June 9th moving away from the
44:47
dollar situation. We're going to have to see how
44:50
it plays out, OK? We're going to have to see how
44:52
it plays out, OK? Do you trust the Chinese?
44:59
Let's go out and look. I want to.
45:00
I want to bring you out. Let's go on a little trip
45:03
together on the Internet and see if we can find quickly a look
45:13
behind the scenes. Where am I?
45:15
Here I am. Let's go see if.
45:16
We can find this. I want to show you this silver
45:22
related. Oh hey, there I am.
45:26
OK, now let's see, I'm on the wrong channel and switch
45:32
account, and my kids made hundreds of YouTube channels
45:37
when they were like 7 years old. All right?
45:40
Now, is that it? No, that's the wrong channel.
45:45
Hold on. I have a channel called How to
45:48
Ron Switch account. We're looking for the Wizard of
45:52
Oz documentary. And there we are, Ron's
45:55
basement. I'm I'm so used to doing YouTube
45:59
on my phone that when I get on a desktop, it's like very
46:02
confusing. Hey, there's bug guy.
46:05
Is this the end of the gold and silver bull market?
46:08
Hello, bug guy money. He's a good friend of our
46:10
channel, a good friend of mine. Go out and watch that that video
46:14
later and let me see if I can find this.
46:19
Sorry, we're doing this all off the cuff.
46:21
Where's my you? What's this?
46:24
Looking. Here we go.
46:25
I watched that. There's Ted.
46:27
Oh, here it is. Is this it?
46:30
The Secret of Oz? Yes.
46:34
Hear this or not? OK, I think you can hear that
46:45
this was a award-winning documentary, so hold on here
46:53
hopefully. OK, the award award-winning
46:55
documentary, The Secret of Oz with Bill still and it goes
47:01
through all the stuff that happened that the bankers did,
47:05
the hardships faced by the farmers, and but then relates it
47:09
all back to the Wizard of Oz. I really recommend checking that
47:13
out. Hold on.
47:15
Let me go back here for those of you, it's called The Secret of
47:18
Oz with Bill Still, that's easy to remember.
47:21
This was on Ronald Coleman's channel.
47:26
But man, it's very eye opening in terms of turn that off.
47:32
Go back here. What they did back in the 1800s.
47:37
It was the beginning of this messed up crazy system that we
47:41
have right now. And it's heartbreaking to see
47:44
what these bankers did to these farmers back in the late 1800s.
47:48
And that's where the book The Wizard of Oz was written.
47:51
And it all had to do with taking silver out of the money.
47:56
And it had to do with England, with gold, because England was
47:59
much more powerful then. And they, they kind of ramrodded
48:02
the farmers and the silver to get it, take silver out of the
48:05
money. And people really, really
48:08
suffered. This is this has been and, and,
48:10
and just to see and to read some of these memos that these
48:13
bankers sent amongst themselves. They had no regard for the
48:17
suffering going on by all these human people.
48:20
Hey, I'm going to, I'm going to do another short live stream.
48:25
Oh, hey guys, can we get 25 more likes?
48:27
I'll stick around and I'll ring the gong.
48:29
Can we get to 300? Hold on here, Susie.
48:34
Did you say 25 more likes till the gong?
48:40
Susie, what do you think's going to happen to the price of gold
48:43
and silver this week? OK, Thank you for your optimism.
48:52
All right, guys, she's going to let me know when we get there.
48:54
We're going to talk later today, maybe a little bit later this
48:57
morning about what's going on in Vietnam with gold, what's going
49:02
on in Korea with gold, because we know what's going on in China
49:07
with gold. So I may do that either later
49:09
today or tomorrow morning. Don't forget these debt markets
49:14
are king. Go out and watch that
49:17
documentary about the silver being pulled out of the about
49:23
silver being pulled out of the money.
49:25
We got 300 likes. I got to ring the gong.
49:27
Hold on guys. Gong time, the golden gong for
49:35
us, gold and silver. Lovers.
49:36
Here we go. Hold on.
49:47
I don't. Know that you could hear that.
49:51
Hey, Susie, Could they hear that OK?
49:58
There's a little bit of a delay when I'm talking and what you
50:01
guys are seeing. All right, hold on.
50:04
We're going to fix that. Susie Audio.
50:07
Hold on, guys, reduce background noise.
50:11
Bong. OK, it's gong time.
50:13
Let's do the real gong. Basement dwellers.
50:17
All right. Here we go.
50:23
This one's for you. Can't hear me either.
50:28
Oh, OK. OK, hold on.
50:32
Hey, guys. I don't think or Susie, I don't
50:34
think they could hear you. Now let's see if they can hear
50:36
you. Thanks everyone for hitting the
50:41
right button, we really appreciate it.
50:45
Susie, am I going to be allowed out of the basement even though
50:48
I said Shanghai wrong earlier? Your.
50:52
Timed out for about 10 minutes, Ron.
50:56
Thank you. Yeah, Susie times me out on my
50:59
own darn channel. I tell you what.
51:01
What a what a life, huh? Let's go, let's go.
51:06
Look one more time, one more time, basement dwellers, because
51:10
you know what? The real value, the real value,
51:13
right? Remember, nominal's just number,
51:15
the real value of the dollar is in trouble.
51:19
And I want to point out, I forgot to make this point with
51:21
you earlier. This debt, Oh my gosh, it went
51:24
up since we've been on only, you know, $100 million in debt.
51:28
Congratulations. Right, you as AUS citizen took
51:31
on an additional $3 in debt. While we were watching this live
51:36
stream, the debt markets are king.
51:38
Nobody talks about this. All right, So we need to review
51:41
this quickly. The debt markets of the world
51:45
are king. Everybody focuses on the
51:47
mainstream media, distracts everybody with the stock market.
51:50
Stock market. The reality is the debt markets
51:53
are multiples higher than the value of the stock market and
51:56
the debt. The debt markets are the king,
51:59
OK? They are the keys to the
52:01
Kingdom, OK, And they are out of control.
52:06
When you look at this number up here, right, you need to realize
52:11
that the United States is a zombie company country right
52:15
now. Company.
52:16
If it was a company, it'd be a zombie company.
52:19
If it was an individual, it would be bankrupt.
52:22
They wouldn't allow you as an individual to have these types
52:26
of numbers. the United States is turned into a zombie country,
52:31
meaning we need to borrow more and more money.
52:34
We are nearing a spiral or are in a spiral where we need to
52:39
borrow money just to pay the interest on the money that we
52:44
already borrowed in the past. And that new money that we
52:47
borrow adds to the overall debt level which makes the future of
52:51
borrowing needs even higher. I can't explain it anymore
52:55
simply. OK.
52:56
This would be like you having a job making 100K per year for
53:01
simplicity sakes right? And having, you know, $700,000
53:07
in debt, right, and paying 10%. And so your, your, your annual
53:12
interest expense is 70 K, right? You don't make enough after
53:16
taxes to pay your interest on your debt.
53:18
So you have to borrow more to pay that interest, which means
53:22
then you have a higher debt level, which means you have to
53:24
borrow even more. And it doesn't work.
53:26
They wouldn't let an individual work this way.
53:29
And in the end, it's unfortunate.
53:31
I don't like it. I think it's horrible, right?
53:33
We don't like it. I'm not in favor of it, but in
53:36
the. Oh my gosh, we got a OK, OK.
53:44
Susie, could you repeat that to everybody?
53:46
Please come. On everyone hit that like
53:56
button. Please.
53:56
All. Right, put her back.
53:58
Can you see? Her.
53:58
Oh yeah. Yeah, she's on her chair.
54:00
All right. If we get a few more likes,
54:01
we're going to ring or we're going to blow.
54:04
Don, the brains train whistle. I'm telling you, if this was an
54:07
individual, if this was you, right, this, this, you'd be
54:13
bankrupt. This is the other thing that
54:14
gets me. I'll tell you one more thing
54:16
that gets me. OK.
54:17
The banks? Are insolvent.
54:19
I heard Lynette Zhang say that I've heard like really smart
54:23
people. I have a degree in accounting
54:25
from a fancy. University the banks are
54:27
insolvent think but this is what this this this will make.
54:32
This is crazy. The banks are in trouble in this
54:34
country, but they get to do Disneyland accounting, right?
54:38
They bought, they have a bunch of commercial real estate that's
54:40
worth pennies on the dollar. They have a bunch of bonds they
54:44
bought that are worth $0.50 on the dollar.
54:47
But they don't have to recognize their loss because they're gonna
54:49
hold them to maturity. OK, This is my question.
54:53
This is my question, right? The banks are able to do that.
54:58
What if you had, let's say $100,000 US bond that it dropped
55:05
by 50% in value, right, Just like the banks?
55:09
OK, I think you guys let me know.
55:12
Let us know. If you could hear Susie say woo
55:14
woo, hold on a second. Susie, could you do the woo woo
55:18
again? I want to see if people can hear
55:20
you. Almost time to turn her off.
55:29
OK, so you have $100,000 bond that you bought five years ago.
55:36
Sorry buttercup, it's only worth 60,000 if you want to sell it
55:40
now 'cause it's only paying 2% interest.
55:42
It's called the inverse. That's a fancy.
55:44
Way to explain the inverse relationship between interest
55:48
rates and bond prices. OK, you bought the bond for
55:53
100K, it's only worth 60K. Your bank did the same thing.
55:57
It took a lot of the money that people deposited there and
55:59
bought all these bonds, right? And, and, and now four years
56:03
later, they're only worth $0.60 on the dollar.
56:06
But the. Bank.
56:07
Doesn't have to recognize that that's a problem all they.
56:11
Have. To say is we're going to hold
56:13
them to maturity, right? God forbid.
56:16
Hold on. God.
56:20
Forbid you show up and want your money from the bank is in the
56:23
bank will be like, well, that's why the banks don't want to give
56:27
out money. Well, we don't really have that
56:30
money or, you know, it's going to take us a little while
56:33
because if everybody showed up in one of their money out of the
56:36
banks, I'm pretty sure all the banks would go belly up.
56:40
That's, you know, that's just the math behind what's going on,
56:43
but. If you you.
56:45
Had bought as an individual that $100,000.
56:48
I'm going to get to this very interesting point, Bond.
56:52
And you as an individual went to the bank with your $100,000 bond
56:56
that's really now only worth 60, and told the bank that you
56:59
wanted to borrow some money and use it as collateral, right?
57:03
And you can say, well, it's $100,000 bond.
57:05
And the bank would say, yeah, but it's only worth 60.
57:09
So we're not going to give you 100.
57:11
Actually, we're only going to give you 40 because we need to
57:13
protect ourselves in case that bond goes down in value, right?
57:17
They wouldn't even give you what the market is.
57:19
They would give you less than that.
57:21
They'd be like, yes, it's only worth them.
57:22
And then you would ask the bank the question like, well, then,
57:25
well, if you get the value of the bond at 100, why don't I get
57:28
to value it at 100? I mean, it's just absolutely
57:32
double standard asinine. OK, any bankers out there want
57:36
to prove me wrong, send me an e-mail and I'll gladly publicly
57:41
apologize. But that's the how crazy the
57:44
system is. We got to blow the train
57:46
whistle. This has been a blockbuster day.
57:49
Hold on here. Remember, this came from Don the
57:53
Brain and on this train whistle it tells us what do you guys
57:59
think we should do today? I think we're going to do
58:02
station approach. Well, that's a pretty easy one.
58:07
Let's do train departed. That's three.
58:19
We're always having fun. Have a great day.
58:22
OK. Remember.
58:24
Right. Well, you don't have to like the
58:26
fact that the dollar is in trouble.
58:29
Yeah, sure. We had a devastating,
58:31
catastrophic day on Friday for silver and gold.
58:34
Let's call it what it was. OK, Monday could be hairy, but
58:38
who knows in this day and age, right?
58:40
But the long term fact remains the real value of silver and
58:45
gold. We're going to folk, we're going
58:47
to we're going to be positive, we're going to shift away from
58:49
the dollar. The real value of silver and
58:51
gold that you own is going to do fine.
58:54
OK is going to do absolutely fine.
58:57
Hey, do me a favor. If you want to help support the
58:59
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West Africa. Have a great day.
59:22
You, yes, you are the most important part of this channel.
59:26
They don't call it Ron Tube. They call it YouTube.
59:29
You're a big, big, big part of the channel, a big part of our
59:32
lives, a big part of a lot of people's lives.
59:35
I bet there's a lot of people that love you.
59:37
Thanks for being here. Take care, OK, guys.
59:40
And I will see. You.