Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨CRITICAL🚨 US Debt Clock Alert -- Shift to Silver & Gold 💰💰 Who's Included?

Transcript

🚨CRITICAL🚨 US Debt Clock Alert -- Shift to Silver & Gold 💰💰 Who's Included? · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  Secrets hidden in the US debt clock.
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  You're going to be shocked at what you learned today as a
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  silver and gold investor. And we're going to start with
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  the US debt clock because all indications are we could have an
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  emergency on our hands. Today, we're joined by our new
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  friend Ted. His credentials are impressive
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  and we will cover those later in the video.
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  But what's even more impressive is what he can teach us about
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  the US debt clock and the secrets for silver and gold
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  investors that are hidden within.
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  Without further ado, Ted, welcome to Ron's basement.
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  Well, thanks, Ron. Thanks for having me on.
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  I've been following you for a couple years now and you always
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  hit the Airways with upbeat energy.
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  Great news each and every day and silver and that's got to be
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  just a little bit tiring. So been watching your efforts
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  for so long and we've had a group of about 17 that I've
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  educated here on Austria monetary economics.
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  We're going to cover a lot today and I think we're going to have
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  some fun. Yeah.
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  Well, you you have some shocking information about the US debt
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  clock. Do you want to just dive right
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  in? I know that our viewers out
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  there love to hear about the US debt clock.
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  Most of them are kind of like me.
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  You know, I look at the $34 trillion in national debt and
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  maybe look at the silver to paper to silver ratio, but
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  there's a lot more that silver investors and gold investors can
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  learn from that. Is that correct?
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  Absolutely. And surprisingly, there's only
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  20,000 subscribers to usdebtclock.org in the first
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  place. So at any rate of folks, if I
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  can get your attention just a little bit here, if you would go
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  online and go to usdebtclock.org, US D all
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  spelled out us you. Know what?
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  Hey, hey, Ted. Ted, I don't want to interrupt
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  you. I can pull it up on the screen.
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  Oh, sorry folks, this is a brand new technology.
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  From here, I still don't leave. Don't leave the live.
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  Stream can can you see it? Can you see it on your screen,
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  Ted? Yeah, I have to look to the
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  side, but I I see what's. Going on, well, that's okay
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  because the viewer right now what they see is the US debt
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  clock on their screen. Is anybody out there?
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  Oh yeah, we've got over 150 people already, Ted.
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  All right, we'll get the coffee and you might want to steady
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  your hand just a little bit. Look, on this U.S. debt clock in
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  the upper left hand corner, you're going to see 34 trillion,
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  411,162,000,600 and well now it's 700,000.
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  It's going up faster than I can even read out the, the the
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  digits. OK.
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  Now what I'd like you to notice on the US debt clock is, are you
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  noticing that number going up, going down or staying the same?
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  It's going up. That's right.
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  So now what I'd like you to do on the same quadrant and
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  actually in the same section of the con of the the website here
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  underneath the money creation, it's about 2/3 of the way down.
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  What I'd like you to do is go over to this section here it
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  says USM Two money supply. Now are you with me?
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  Yeah, they can see you, Ted. They see your screen and they
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  see your cursor. They see exactly what you see on
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  your screen with the. White window.
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  So you're seeing that it says debt based, wealth based, debt
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  free, non interest bearing money issued by the US Treasury.
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  OK, we're going to talk about that a little bit, but what I'm
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  pointing out here is a 20 trillion.
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  All right. Think of the 20 trillion as the
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  amount of money that's in your checking account.
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  Are you with me? Well, if you owe 34 trillion up
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  here, but you only have 20 trillion in the checking
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  account, is there a problem? Absolutely.
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  Got it. So let's move to the column to
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  the right side where 621 trillion this run represents all
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  the claims against that checking account that you and I have.
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  It might be the value of our home, the value of a portfolio.
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  It might be a bet that you made with somebody else.
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  The check has got to clear somewhere.
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  You follow me? Yes.
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  So how is $621,000 is in your account?
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  My account? And everyone that's in the
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  United States of America their account as well.
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  How can that possibly be cashed with only 20 trillion in the
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  account? Yeah, that's a fraction the the
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  20 trillion in the M2 money supply like you said, that's
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  like just basically checking accounts, cash, all that kind of
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  add it all together. Right.
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  But what is that money? What is that number doing now,
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  the M2 money supply? What is it doing?
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  Is it going up, going down, or staying the same?
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  It's going down, Ted. Well, hold it now.
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  You just finished telling me that the US debt clock, U.S.
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  National debt was going up and the amount of money that's in
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  the account to pay off the debt is going down.
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  Oh, now take a look at the currency and credit derivatives.
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  This is anything that would have a claim against the M2 money
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  supply. You follow me like suppose you
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  cash out $1,000,000 portfolio and say, hey, I'm tired of
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  dealing with digits, I want to get something physical.
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  I want to go back to the money of our country, OK?
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  All right, now where where are you on the screen right now with
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  that currency and credit derivatives?
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  Move your your cursor around so we can.
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  Set it right here on the OK. It's right next to USM Two Money
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  Supply now, OK? I see it.
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  I see it. OK.
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  All right. So now let's do this just for
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  fun. OK, you got a couple of minutes.
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  Let's take the 621 trillion and add to that the 34 trillion.
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  Wouldn't that give us 655 trillion?
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  Yes, and going up, I might add. OK.
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  All right. Let's just freeze that number
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  right there. Now we got 20 trillion by which
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  to cash those funds, right? Mm hmm.
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  You know, that's less than 3%. Wow, Ron.
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  And who's been talking about the value of the dollar coming down
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  to now it's less than 3%. Haven't I just proven that to
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  you? Yeah.
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  Look at this. I mean, I'm not making these
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  numbers up, OK? Now let's suppose that I come
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  through with a check for $19 trillion.
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  What does that do to the rest of you guys?
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  Now given the currency and credit derivatives now that
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  would shrink by 19 trillion. OK, but so with the M2 money
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  supply, then the rest of you guys in the United States
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  certainly left with one trillion, 844 billion.
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  OK, so listen, let's go to another section here, Ron.
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  You have the ability maybe to put up some some links and stuff
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  for people to to get in. We can do that after the live
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  stream, definitely. All right, what I'd like you to
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  do now is on the right side of the screen.
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  OK, can you see my cursor? You see paper to silver ratio
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  now. Yes.
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  You want to know what this is all about?
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  Yes. All right, for every one ounce
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  of physical silver that exists, now keep in mind these are the
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  numbers the government is admitting to admitting to Ron.
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  OK, that means that for every one ounce of physical silver
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  that exists, there are 393 people that think they own it
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  paper wise. So let's play a little game.
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  We're going to play what is it? Not merry?
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  Go round, Ring around, not ring around.
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  The Rosie Musical. Musical chairs.
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  Musical chairs. OK, so we all have our back to
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  what's in the center of the of the of the circle, right?
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  OK And how many chairs are going to be there?
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  One. How many people are going to be
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  in the outside ring? They're all holding hands. 393,
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  are you with me so far? This is very important.
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  Yes, yes. When the music stops, OK, one
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  person sits, 392 are going to fall flat on the floor.
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  This is where it really gets interesting.
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  OK, this is where the story starts to unfold and This is why
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  you need to keep a track of what's happening.
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  The silver to gold ratio is going to get compressed here and
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  I'm going to show you why. All right, now the 393 people
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  who just, you know, smashed their bottom on the on the
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  floor, what do you think they're going to offer the guy that's
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  sitting in the chair with the one ounce of silver more than
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  market rate? Yes.
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  Hell yes. Right.
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  OK, I'm sorry. I'll control myself a little bit
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  here. But what's going to happen is
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  this is going to cause what's called.
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  And was it The Bernanke referred to this as irrational
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  exuberance. Hello.
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  OK, so they're going to do whatever they can because they
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  don't want to get stuck with the paper.
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  What they want to do is they want to actually hold the one
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  ounce of physical silver. Now let me ask a couple other
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  questions. The amount of silver that we
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  have to be used as money, is that amount finite or infinite?
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  Finite. Absolutely right.
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  What you're going to learn is that things that are real or
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  finite, things that aren't real or infinite, things that are
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  infinite, are theories. OK.
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  So let me ask you a question here.
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  You're seeing the national debt go up like this.
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  We're going back to the US national debt clock here.
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  OK. All right.
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  You see this going north at an incredible rate, right?
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  Absolutely. Would you say that those digits
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  are infinite or finite? They are definitely infinite and
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  synthetic my. Friend, you hit it right on the
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  head. Now let me ask a couple other
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  questions. The time that you have on earth
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  right now, is that infinite or finite?
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  It's definitely finite. Right.
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  The amount of working days that you have, excluding of course
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  the days that you might be sick or whatever else.
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  They're finite as well, right? Absolutely.
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  Then how are you quantifying your wealth?
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  Are you quantifying your wealth in the currency of a government?
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  That number one is at war? First of all, are we at war?
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  Yes. Yeah, Do we know who's going to
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  win the war? No.
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  Why are you holding the script of a failing of a fighting
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  currency, a warring government? Why are you holding the script
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  of a warring government? Because the script is actually a
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  representation of the money. The money.
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  If you're in the United States of America, the money in the
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  United States of America is defined in the IRS tax code as
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  an American Silver Eagle and less than 1000 face of junk
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  silver. How do I know that?
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  I have the books. I have the books.
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  OK, inside the books. You can sell up to 1000 face of
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  junk silver. And it's not a reportable
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  transaction to the IRS. You can sell an unlimited number
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  of monster boxes of American Silver Eagles.
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  And guess what? There is no tax ramifications.
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  There is no reporting to the IRS.
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  OK, so if you're in the United States of America, the money in
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  the US is American Eagles. Now there's two types.
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  There's type one and type 2. Are we getting in a little bit
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  too much here? Ron.
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  No, no, you're great. No, they love.
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  They love it. OK, because most people don't
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  know this and they think it's hocus pocus, but it's not.
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  OK. If you take an American eagle
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  pre 2022 or 21, OK, somewhere in that area, you'll see that the
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  all the reeds around the outside of the eagle are there.
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  However, if you take a look at a type 2 American Silver Eagle,
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  the one of the reeds is missing at the 6:00 point, you'll see
• 10:57
  that that missing eagle. OK, missing missing Reed.
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  OK. Is the first quarter that they
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  made these Type 2 Eagles that have a tracking chip inside of
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  them? Ted, you keep talking, I'm going
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  to go grab one. I'll be right back.
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  OK, now this tracking chip was designed over a 10 year period
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  with David Ryder, the then head of the Mint working with
• 11:19
  Honeywell. And if you do enough Googling,
• 11:23
  enough searching on this, you probably have to go to
• 11:25
  yandex.com. It's a Russian search engine.
• 11:27
  You'll have to go there to actually find it.
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  OK. But there's so much that we need
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  to learn with regards to all this.
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  First of all, they're creating way more representations of
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  silver and that is held by SLV or any other mutual fund that
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  would say that they're holding some type of electronic version
• 11:47
  of silver. OK.
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  But silver by itself, if it's not money, it's a commodity, OK.
• 11:55
  So silver as money, OK, is extremely fungible, meaning that
• 12:00
  it's as good anywhere in anybody else's pocket.
• 12:03
  But let's suppose you decide, well, I'm going to spend a
• 12:05
  little bit less and I'm going to buy silver bars.
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  Are all silver bars the same? Are they recognizable?
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  Is it possible that's inside the silver bar is actually maybe
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  tungsten, tungsten, and it's covered with silver?
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  How does a person know when silver goes up to these real
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  values that we're talking about? How would the then soon to be
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  owner in exchange for whatever it is that you want from that
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  person going to verify that that silver is in fact a real silver
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  bar. Now if you're dealing with a pre
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  1965 Dimes, quarters, half dollars and dollars, that has
• 12:39
  provenance to it. OK, So let's talk a little bit
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  about that. I know I'm going all over the
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  place. You tell me what you're
• 12:46
  interested in. OK.
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  When you deposit money in a bank.
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  All right. You're you are lending that
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  money to them, you think, But actually there's another thing
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  that you're doing for them. You're giving up the provenance
• 12:59
  of that money. And what do I mean by that?
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  When you give the money to the bank, the bank decides to pay
• 13:04
  you say, 3% on your money, right?
• 13:07
  It doesn't end there. Let's suppose I make 10 or 15%
• 13:09
  on your money. But let's suppose you're real
• 13:11
  crooked and real criminal. How would you handle this?
• 13:14
  You would use that deposit, OK, to hypothecate or borrow against
• 13:19
  to take nine or ten other loans out, right.
• 13:22
  And that is the essence of what's called fractional reserve
• 13:24
  banking, OK. And that's the system that we're
• 13:27
  underneath of right now called Keynesian economics.
• 13:30
  It seems like I haven't come across anyone that's really
• 13:33
  talking about what is causing the ripples, the currents and
• 13:36
  the Rapids downstream of where this battle is happening, real
• 13:40
  battle that's happening right now.
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  Take it to the bank folks and get this around the world
• 13:44
  because this is what's happening right now.
• 13:46
  We have a global battle going on between Keynesian economics and
• 13:50
  Austrian monetary economics. Keynesian economics is rented,
• 13:54
  is represented by the bis.org, OK, And I'm going to show you
• 13:58
  that in a second. But Austrian monetary economics,
• 14:02
  it's represented by God. We're going back to God's money.
• 14:06
  We're going back to the Constitution.
• 14:08
  This is where we're headed to. Let me show you who is in
• 14:10
  control of all the money. Look at this.
• 14:13
  I went to BI. I brought it up.
• 14:15
  There it is. It's on the screen.
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  Bis.org Folks, please do this as your favor.
• 14:22
  Follow along here. This company is the largest
• 14:25
  company in the world. They issue all the script fake
• 14:30
  Fiat currency to all the governments around the world.
• 14:33
  They own all the banks. OK, bis.org.
• 14:38
  Now in this Gray search bar ahead, see where it says Central
• 14:40
  Bank Hub. I'd like you to click on Central
• 14:43
  bank Hub. Actually, Central bank and
• 14:46
  monetary authorities. I got one step ahead of myself.
• 14:49
  OK, so if we go, Ron, you with me.
• 14:52
  Yep, Yep, you're they. They can see what you're doing
• 14:54
  on the screen, Ted. Oh, OK.
• 14:55
  I'm sorry. It's new.
• 14:57
  I'll get better with this, folks, but you got to get the
• 14:59
  knowledge here. OK, so we're going to central
• 15:01
  bank hub, then central bank and Monetary Authority websites.
• 15:04
  OK, Now, Ron, with the exception of the letter U, give me one
• 15:08
  letter of the alphabet. I don't care what letter it is.
• 15:11
  I'll say P. OK, look at this folks.
• 15:15
  They own all the banks in Pakistan, Palestine, Panama,
• 15:19
  Papua New Guinea, Paraguay, Peru, Philippines, Poland.
• 15:22
  Are you seeing this? This isn't one bank inside this
• 15:27
  the country. This is all the banks inside of
• 15:30
  that country. And I'm going to show you they
• 15:33
  own all the banks around the stinking world.
• 15:36
  Look at this. Look, I don't know why this
• 15:40
  hasn't come out to now. I certainly hope I don't wind up
• 15:42
  with somebody in a suit outside. Shoot me for what I'm.
• 15:44
  I'm sharing with you. But it's all public knowledge.
• 15:46
  You just got to know where to go to get it.
• 15:48
  Are you with me? OK, so let's go under you for
• 15:51
  United States. We're still up there on U.S.
• 15:53
  debt clock. All right.
• 15:54
  Federal Reserve Bank of Atlanta, Boston, Chicago.
• 15:57
  They own it all, folks. So what is happening?
• 16:02
  I'm telling you what's happening.
• 16:03
  You're watching the systematic destruction and bankruptcy of
• 16:07
  the bis.org by a concerted group of people in the United States
• 16:12
  headed by no less than President Trump, Russian Putin, Russian
• 16:17
  the Vladimir Putin Modi and others.
• 16:22
  They gathered together over 20 years ago to put together a plan
• 16:25
  to remove the United States and other sovereign countries, all
• 16:30
  of their sovereign countries around the world.
• 16:31
  Sovereign country is a country that is, is of itself.
• 16:34
  Like, we're not Paraguay, OK? We're in United States.
• 16:36
  We speak English here. OK, let's let's do.
• 16:39
  All right. So a sovereign country is a
• 16:41
  country that has been issued, allowed to issue their own
• 16:43
  sovereign currency. OK.
• 16:45
  Currency is against the representation of money.
• 16:49
  Money as defined in our constitution.
• 16:52
  Can you guys see this? Now they can.
• 16:55
  OK, the money defined in the Constitution.
• 16:59
  See this book here? OK, we're going to open this up.
• 17:01
  The article One, Section 10. All right, look, I might, I've
• 17:05
  been super criticized for speaking too fast.
• 17:07
  But look, here's the deal. If you go down to the bottom of
• 17:10
  this, this, this podcast being put on, you'll see a little gear
• 17:14
  looking thing. And if you click on that, you
• 17:16
  can adjust the playback speed. So right now it's at 100%.
• 17:20
  You might want to back it down to like 75% or 50%.
• 17:24
  I wouldn't try 25, you wouldn't be able to understand it, but I
• 17:27
  go up to 125 and 150 and I'm typically at 175.
• 17:31
  So I can take in 75% more information faster by listening
• 17:35
  at a higher speed. But anyway if you're, if you're
• 17:37
  running behind, slow it down a little bit.
• 17:39
  So anyway, here we are Article one, Section 10, do you see
• 17:42
  this? Let's see, right.
• 17:44
  Do you see that says no state shall enter into any treaty.
• 17:49
  Alliance, Confederation grant letters of Mark and reprisal
• 17:53
  coin money, emit bills of credit, make anything but gold
• 17:59
  and silver coin tender. OK as legal tender legal money
• 18:05
  here in the United States. So that is money now, currency.
• 18:09
  It's what's issued against the money.
• 18:11
  Let me show you something very interesting.
• 18:13
  Here and I and I'm going to ask you a question, Ted, because we
• 18:15
  haven't really discussed this. I I saw we had Pat Holland on
• 18:18
  here. He's a a great friend of our
• 18:20
  channel, runs the Missouri Freedom initiative and is
• 18:23
  working for legal tender legislation here in Missouri.
• 18:28
  Are you aware of the fact that across the country, I think now
• 18:33
  we have almost 25 states that either have or have pending
• 18:38
  legal tender legislation of some form or another that there that
• 18:42
  there is, there has begun to be on a statewide base level, a
• 18:47
  real movement toward allowing citizens to reclaim, I like the
• 18:51
  word use the word reclaim their right to use silver and gold as
• 18:56
  legal tender like you pointed out in the US Constitution.
• 19:00
  Absolutely right. Right.
• 19:01
  Let me show you a couple of things here.
• 19:04
  This is a new $5.00 bill. OK, what does it say at the top?
• 19:09
  Can you read that? Federal Reserve Note.
• 19:12
  Got it. Check that out, folks.
• 19:14
  Here's an older bill. This is before 1965.
• 19:17
  What does the top line of that say?
• 19:19
  Says United States note. Interesting look at this.
• 19:23
  Are they both the same size? Yes.
• 19:28
  Got it. Why the subtle change?
• 19:32
  Why the subtle change? Maybe because it became more of
• 19:36
  a of a of a pure debt instrument.
• 19:38
  Correct. And aren't these called notes?
• 19:41
  Right, Yeah. And when you have a note, say on
• 19:43
  a car, what does note on a car mean?
• 19:46
  Means you owe some money, you owe some value.
• 19:48
  Yeah, that's right. Listen, this is what I'm going
• 19:50
  to suggest for you to your folks and others.
• 19:53
  What I've been preaching now for about 10 years when I first got
• 19:56
  involved in this, these are redemption certificates.
• 20:00
  These are not money. OK, do some research yourself.
• 20:03
  Don't trust me. Just do it yourself.
• 20:06
  Money is physical. Money is gold and silver.
• 20:08
  This is not gold and silver. We already know that, right?
• 20:11
  So if this was convertible into the gold and silver, this would
• 20:15
  then be called currency. It's not money because it's not
• 20:18
  real. OK, So it becomes Fiat currency
• 20:22
  when you can no longer take this in and get your silver from the
• 20:25
  bank. Now what's happened is very
• 20:28
  interesting. I've got some great examples to
• 20:30
  show you here. OK, they have.
• 20:32
  They decided not to continue printing these bills, 'cause you
• 20:35
  know what it cost to print to print a $5.00 bill?
• 20:38
  Three cents. All right, how much does it cost
• 20:41
  to print $100 Bill. Three cents.
• 20:44
  Then why is $100 bill 100 times more valuable than a $1.00 bill?
• 20:48
  Or 20 times more valuable than a $5.00 bill?
• 20:51
  Because it's by decree. It's what's called by Fiat.
• 20:55
  You follow me. Yes.
• 20:57
  So you're what I'd suggest you do is wall the time a lot,
• 21:01
  meaning that let's go back to the national debt clock here,
• 21:04
  OK. While that $20 trillion is still
• 21:07
  in the account, wouldn't it make sense for you, you're taking the
• 21:10
  time to turn to and in here, right, to get your piece of that
• 21:13
  $20 trillion out before it's all gone.
• 21:17
  And then once you get it out, you need the money.
• 21:19
  You don't need redemption certificates.
• 21:21
  Get the money. And if you're in United States
• 21:23
  of America, American Silver Eagles are money.
• 21:25
  Type one and type 2. We'll talk about that a little
• 21:27
  bit more. Junk Silver gives you a way to
• 21:30
  be able to fractionalize your one ounce purchases.
• 21:33
  OK. So A1 oz Silver Eagle could be
• 21:35
  worth. Well, I've done the
• 21:36
  calculations. It'll blow your mind.
• 21:38
  It's well over $20,000. So yes, it is.
• 21:42
  Yeah, I I've done the math on this, but it's not a matter of
• 21:44
  of me being incredulous by the number of units of dollars it
• 21:48
  would take to buy one unit of silver.
• 21:50
  Heck, no. It's the other way around.
• 21:52
  Look at the other way around. How many dollars have been
• 21:55
  created against each one ounce of silver?
• 21:57
  That's the way to look at it. So when you see gas prices going
• 22:00
  up, it's not because the gas is worth more, it's because the
• 22:04
  dollar is becoming worth less and less and less.
• 22:08
  All right. Yes.
• 22:10
  Hey Ted, Ted, let's let me, I'm going to give you a break for a
• 22:13
  few seconds while I say thank you to our channel sponsors.
• 22:16
  Just a few seconds, OK. First, I want to say if if you
• 22:20
  do want to convert some of your paper that's being infinitely
• 22:24
  created into real metals, do yourself a favor.
• 22:28
  Check out Pimbex Pi MB E, xpimbex.com online bullion
• 22:35
  dealer. You know, it's where I get my
• 22:38
  silver, and many of the basement dwellers have joined me there,
• 22:42
  and I've had overwhelming positive response with everyone
• 22:46
  who's worked with Pembecks. If you want gold, silver,
• 22:49
  platinum, they have it all. Their prices are always the
• 22:52
  best, ultra competitive, their selections great, and their
• 22:56
  service is second to none. And of course, thank you to
• 23:00
  Fortuna Silver for sponsoring Ron's Basement.
• 23:02
  You can learn more about them at fortunasilver.com and our
• 23:06
  friends at First Mining Gold. You can learn more about them at
• 23:10
  firstmininggold.com and I will have a new video interview with
• 23:14
  their CEO Dan Welton coming out this afternoon.
• 23:17
  Ted, back to you. OK.
• 23:20
  So where has this happened in the past?
• 23:23
  Because all Fiat currencies, of which there's over 202, two
• 23:27
  thousand of them throughout history, I'm going to show you
• 23:29
  about these. OK.
• 23:30
  All right. That'll make That'll make good,
• 23:33
  good kindling for your fireplace, right?
• 23:35
  Now I'm using all those props right now to help people
• 23:38
  understand the fact that this is not money.
• 23:40
  This goes like the wind, OK? And what I'm going to show
• 23:44
  people right here, Ron, is that this is a Reich mark, OK?
• 23:48
  It's a German Reich mark they printed.
• 23:51
  So daggone many of these things. Ron, can you see this?
• 23:53
  Yes, Yep, Yep. You're full screen, Ted.
• 23:56
  Can you see that though? Little bit.
• 23:59
  It's very faint. Does that say Ron's basement?
• 24:02
  I can't read it. I don't think there's any ink on
• 24:04
  the box. There's no ink.
• 24:07
  You know what happened, Ron? They ran out of ink.
• 24:11
  They were. I kid you not.
• 24:12
  I kid you not. Look, we got to get something
• 24:15
  straight here because I'm telling you a lot of stuff.
• 24:17
  Everything I'm telling you is 100% true.
• 24:20
  OK, research any part of this. Look, get my e-mail address and
• 24:25
  reach out to Ron. If there's.
• 24:26
  If you have any trepidations or any concerns about what I'm
• 24:29
  telling you is not true, contact me through Ron.
• 24:32
  OK, So what happened was they were creating so many of these,
• 24:35
  these break marks back then they ran out of ink.
• 24:39
  And then what happened? And look, that wasn't a one off.
• 24:41
  Here's the other two that I have here.
• 24:43
  OK You see, they ran out of ink. All right.
• 24:46
  Then what they did, honest to Pete, is they ran out of paper.
• 24:50
  They ran out of paper. You know what they did then?
• 24:53
  They made, they printed on bamboo.
• 24:56
  And how do I know this? Because inside the Bundesbank
• 24:59
  museum, OK, the Bank of Germany Museum, they have trays and you
• 25:03
  can pull out these trays and you can see the examples of all the
• 25:05
  different types of fake free yacht currencies that have been
• 25:08
  created. So why are you collecting this?
• 25:12
  OK. When somebody obviously
• 25:15
  collected this, look at this. But look at this.
• 25:19
  Look how easy this folds together.
• 25:22
  At some point in time, Ron, somebody carried this in their
• 25:27
  pocket so they could feed their family.
• 25:31
  Can they feed their family with this now?
• 25:33
  No. Got it.
• 25:35
  Who has this now? I do.
• 25:38
  For what? Not because it's worth anything,
• 25:42
  because it helps to explain what's going on.
• 25:45
  People. You're being fleeced.
• 25:47
  Do we have time to get into stocks for just a little bit?
• 25:50
  Ron, I got some things. Let's.
• 25:51
  Why don't we? Well, why don't we?
• 25:53
  Why don't we save that for next week?
• 25:54
  Because I think we're gonna try to do this on a weekly basis.
• 25:57
  I'd like to hear from you regarding how people can protect
• 26:02
  themselves with silver and gold. I mean by by default as well
• 26:07
  because. And I and I wanna take a step
• 26:08
  back as well, Ted, because you know we want to educate.
• 26:13
  We all we want to learn right now.
• 26:14
  I've got some smart people and thank you by the way to everyone
• 26:17
  who's here today. Ted and I both are learning this
• 26:20
  new platform. So we're we're we're working our
• 26:22
  way through this, but it's a big deal.
• 26:25
  You know Ted and I are here talking, but I think he's doing
• 26:28
  a great job and you guys know that this is not possible
• 26:31
  without you being here. So thank you.
• 26:33
  Thank you. Thumbs Up.
• 26:36
  Subscribing to the channel are super helpful but but the, you
• 26:40
  know, we're we're really appreciative that you're joining
• 26:43
  us. And and Ted, I appreciate you
• 26:44
  joining us. I want to say a few things about
• 26:46
  Ted because he over the last week has provided me with a lot
• 26:50
  of proof of what he's done in his past.
• 26:52
  And this guy has a very impressive background, including
• 26:57
  a little stent of studying economics at MIT, which is the
• 27:02
  Massachusetts Institute of Technology, if I have that
• 27:05
  correct. So, which goes without saying,
• 27:08
  is one of the most prestigious universities in the country.
• 27:11
  He knows what he's talking about.
• 27:13
  I wanted to show you this, though, Ted, what do you think?
• 27:15
  What do you think of that? That's a good friend of mine and
• 27:20
  in London, old, old, old Richard Cooper sent me that.
• 27:25
  And you buy full width toilet paper anywhere?
• 27:27
  Is it just me folks, or have they shrunk the width of the
• 27:30
  toilet paper? So now you got to use at least 1
• 27:33
  1/2 times more than what you Oh my.
• 27:35
  We're starting to get dirty here, aren't we?
• 27:37
  Yeah, no. Well, he he also sent me a
• 27:39
  envelope with some cash in it. I think it was $18.00 which I
• 27:44
  sent to somebody who's on the on the chat right now.
• 27:47
  I'm Neil Hahn from Johan's Dynasty and Richard Cooper sent
• 27:51
  this envelope with like like a a 4:50 and 2:00 singles and he
• 27:55
  said I I visited Las Vegas, he said this is Las Vegas toilet
• 27:59
  paper. So, all right, enough of the
• 28:01
  toilet jokes. Go ahead.
• 28:03
  Can interrupt just a second here.
• 28:05
  One thing I forgot to tell you about folks, and this is really
• 28:08
  serious. OK, Guy been named Zoltan
• 28:10
  Poulzar has been studying Federal Reserve reverse repo
• 28:13
  operations and I have a tab I'd like to open up.
• 28:17
  Can you guys? Now you.
• 28:18
  Well, now, there you go. Now they see it.
• 28:21
  All right, folks, look, this is really serious, OK.
• 28:24
  So what's happening at the end of the day, the leftover cash
• 28:28
  over and above that's needed in order to fulfill these, these
• 28:32
  Basel 1-2 and three requirements basically made gold a tier one
• 28:37
  asset, which is the same as cash.
• 28:39
  OK. So whatever cash is leftover at
• 28:42
  the bank at the end of the day at 5:00 is what's called an
• 28:45
  overnight sweep. OK.
• 28:47
  Into the Federal Reserve. OK.
• 28:49
  And right now the last sweep was last yesterday at around 2:15 is
• 28:53
  when the when the number comes out, the print comes out, it was
• 28:56
  $502 billion, OK. But it was as high as 2.9
• 29:01
  trillion trillion. OK, So what I'm showing you, OK,
• 29:07
  there's a systematic reduction in the M2 money supply, which
• 29:11
  was the cause of the Great Depression.
• 29:14
  I wish you could find a couple of people that would debate me
• 29:17
  on this because I would love to really go to town.
• 29:20
  I. I have AI have a question Ted.
• 29:22
  Is this a visual demonstration of why we are, if we if we go
• 29:28
  back to the US debt clock, as a visual demonstration as to why
• 29:32
  we're seeing the M2 money supply shrinking right now?
• 29:35
  One of the reasons. One of the reasons, OK and then
• 29:38
  and then and then I want to educate our viewer as well.
• 29:41
  This is the reverse repurchase agreements, but it's commonly
• 29:47
  referred to as the reverse repo program.
• 29:50
  You interrupt me. What if I say something
• 29:52
  incorrect, But it's my understanding this, this
• 29:55
  operation was created by the Fed to kind of suck in a lot of the
• 30:00
  excess cash. We all know that during the C19
• 30:02
  crisis, they printed like 40% of the US dollars that are in
• 30:07
  circulation and that this was a way for the Fed to kind of give
• 30:12
  the banks a place to park their cash that that kind of excess
• 30:17
  cash that they had. But now, like you've said over
• 30:20
  the last, I don't know, a year and a half, two years, it's been
• 30:23
  drained out of the system. And it's my understanding that a
• 30:27
  lot of that has been used to buy all these U.S.
• 30:30
  Treasuries that the government's needing to sell because of the
• 30:34
  huge debt level and deficit on top of it.
• 30:37
  And a lot of people think that when that reverse repo program
• 30:41
  runs out of money, who's going to be buying the treasuries?
• 30:45
  And and then I'll say one last thing about it.
• 30:47
  To me it seems like it's was kind of a of a delayed QE or a
• 30:52
  stealth QE program. Any thoughts on that, Ted?
• 30:56
  Clearly, I mean Rafi Farber, does your audience follow Rafi
• 31:00
  Farber? He is really sharp economist.
• 31:02
  My gosh, I like that guy so much.
• 31:04
  He he sees what's going on. He sees that there the drain in
• 31:08
  the M2 money supply. He sees that the Fed is taking
• 31:11
  the dollars in. But what happens if the if the
• 31:14
  Fed doesn't release in the next day.
• 31:17
  See, these dollars are supposed to come back at 9:00 in the
• 31:19
  morning. Why did this even get set up in
• 31:20
  the 1st place? You know why?
• 31:22
  Because the banks were not offering any more than .2 or
• 31:24
  .3%. But the Fed wanted that money.
• 31:27
  So they're now offering 5 1/2%. But the banks can't earn 5 1/2
• 31:31
  percent on their own. So what they do is they sweep
• 31:33
  this cash out at the end of the day and they give it to the Fed
• 31:37
  and the Fed holds on to it. What do you think they do with
• 31:39
  it? There are 22 time zones in the
• 31:42
  in the world. What do you think they do with
• 31:45
  the currency that's in our market, the Fiat currency in our
• 31:47
  market? When our markets are closed, is
• 31:50
  it possible that they sweep it over into another, an another
• 31:54
  country's market that's on a time zone different than ours
• 31:57
  And those funds are not swept and it's made money or whatever
• 32:00
  over there? Yeah, yeah, folks, there's so
• 32:04
  many ways to slice and dice this that unless you're holding it
• 32:08
  yourself, don't allow anyone else to hold your money.
• 32:12
  Don't put it in a vault because the people are going to operate
• 32:15
  in the vault. They're going to send you the
• 32:16
  money there might be paid thirty $40,000 a year and they're going
• 32:20
  to send you something worth 400,000 or whatever.
• 32:23
  No folks, at this point in time you have to realize, OK, that
• 32:27
  what Lynette Zang once said, if you don't hold it, you don't own
• 32:31
  it. And I'd like to add 2 words to
• 32:33
  that. We do.
• 32:37
  If you're holding real money and everything else is simply
• 32:40
  derivative, the real money like what we talked about in one of
• 32:43
  our pre sessions extras pyramid. Ron, get into that.
• 32:47
  Yeah, yeah, you. Can get into that.
• 32:49
  You can do this and I have to. I want to ask you a question
• 32:51
  Guy. We we've got a lot of people.
• 32:54
  We have almost 500 people joining us today Ted.
• 32:57
  And and this this segment is we're planning on doing this
• 33:01
  weekly. We're going to call it Ted
• 33:02
  speaks. Ted, is it OK with you that when
• 33:05
  we get to 200 thumbs up, we do a Ron's Basement live stream
• 33:09
  tradition and ring the cowbell? Are you OK with that?
• 33:12
  Or absolutely I was? Thinking we get 100,000 views,
• 33:15
  we turned it into Ron's attic and blow the roof off his house.
• 33:19
  Hey man, he's sitting upstairs and if.
• 33:21
  War starts to the rumble or whatever.
• 33:23
  She's going to know why? Because I.
• 33:25
  Giving out the real information. That is not being given out
• 33:28
  anywhere else, folks. Am I telling the truth?
• 33:30
  Have you heard you know? It it I think when it comes what
• 33:34
  I hear is there's there's all this evidence about what's going
• 33:39
  on. And at the end of the day, I
• 33:41
  don't know for me Ted, it just feels like do I want to own
• 33:45
  paper or I mean it still just blows my mind that I can convert
• 33:49
  paper into real metal. I mean and and and when you and
• 33:53
  when you just do a, even a, a a a very minimal amount of
• 33:57
  research into what's going on with the money supply, with the
• 34:00
  debt levels, actually it it just, it makes no sense if
• 34:05
  you're willing to dig into it. And I can tell you that the
• 34:08
  people that are joining us today are the people that are willing
• 34:11
  to dig into it. Absolutely.
• 34:13
  And I believe they're getting a lot out of what you're saying.
• 34:15
  So, yeah, let's talk about, I'll pull up Extra's Pyramid here.
• 34:18
  There you go. That's full screen.
• 34:21
  Yes, Sir. All right, let me.
• 34:22
  Explain this to you here. OK, this is an inverted pyramid,
• 34:25
  but this is what has happened to our money supply.
• 34:28
  Now, this isn't A1 off. I'm not.
• 34:30
  I'm not breeding tea leaves or anything silly like that.
• 34:33
  OK? What I've done is I've shown you
• 34:35
  that these currencies all come and go throughout history.
• 34:39
  What makes the dollar bill any different?
• 34:41
  OK, nothing makes it any different.
• 34:43
  They all become Fiat because the politicians won't have promised
• 34:46
  stuff they can't deliver. And the only way to do that is
• 34:49
  to find a way to pay for those things that you don't see, which
• 34:52
  is a stealth inflation. Let's get into that just a
• 34:55
  second. I know we're going all over the
• 34:56
  place. We might pull the reins in a
• 34:58
  little bit here folks. Take it to the bank.
• 35:00
  I'm telling you, I have a masters in monetary economics
• 35:03
  from MIT. The only way you get inflation
• 35:06
  is an increase in the money supply.
• 35:09
  Everything else you're seeing is a is downstream of that.
• 35:12
  Like what I was talking about as far as the the Austrian monetary
• 35:16
  economic guerrilla fighting the Keynesian economic guerrilla
• 35:19
  upstream from you. And this is a huge battle.
• 35:22
  It's God against devil, the evil.
• 35:25
  This. I'm not trying to get
• 35:26
  philosophical. Believe me, if you can control
• 35:29
  the currency of a country, you can control exactly what that
• 35:33
  country does. Like for instance, Ron, I'm sure
• 35:35
  he loves his family very well. And let's suppose I decide to
• 35:39
  bribe Ron to get him to do something.
• 35:40
  And Ron says, no, I'm not going to do that.
• 35:42
  I could tell him. You know what?
• 35:43
  Your daughters are beautiful. It'd be a shame if something
• 35:45
  happened to them. These people are evil folks.
• 35:48
  OK? Now is not the time to trust
• 35:51
  anybody in times of war. Smart money moves the hard
• 35:56
  money. OK, And let me show you that
• 35:57
  with the Expert Pyramid. So at the very tip of the
• 36:00
  pyramid, can you? Can you?
• 36:02
  Enlarge that possibly Ted. Is that because it's over on
• 36:06
  the. There you go.
• 36:08
  Yeah, it's getting bigger. OK I.
• 36:10
  Don't know it's not. There you go.
• 36:12
  There you go. How we doing now?
• 36:14
  Yeah, that looks good. That's good.
• 36:16
  All right, so. At the very tip of.
• 36:18
  This is silver. Why?
• 36:21
  Silver is the very tip. You know what, folks?
• 36:24
  Is it possible that we've been lied to and that silver is
• 36:28
  actually more rare than gold? Talk to Vicks.
• 36:31
  Weird. Anyway, that's not good.
• 36:33
  That's conspiracy stuff. Let's just talk about facts.
• 36:36
  OK, so our Constitution says. And I just showed you that.
• 36:40
  We all remember that, right? OK, here's another book.
• 36:43
  And where do you open this? OK, Constitution.
• 36:46
  The only thing we're using as money is gold and silver.
• 36:49
  What is all this other crap? OK, base money bank.
• 36:53
  Are you seeing this, Ron? Are you?
• 36:54
  Yep, we can see it. Corporate and municipal bonds.
• 36:58
  OK, non monetary commodities. Derivatives, crypto currencies,
• 37:03
  crypto derivatives. And let's add another one.
• 37:06
  Synthetic derivatives. OK.
• 37:09
  A synthetic derivative is a bet on a bet.
• 37:11
  A derivative derives its value from something else.
• 37:15
  So Ron, you and I are going to play blackjack.
• 37:17
  OK, One of us is going to win. One of us is going to lose.
• 37:20
  You got a whole lot of friends. I have a whole lot of friends.
• 37:23
  OK. But we're each going to bet
• 37:24
  $100. You with me so far.
• 37:27
  Your friends are going to bet my friends that you're going to
• 37:30
  win. And my friends are going to bet
• 37:32
  your friends that I'm going to win.
• 37:33
  You follow me. And they bet $100 million.
• 37:37
  There's a lot of them. You got a lot of friends, and so
• 37:38
  do I. That's what's called a
• 37:40
  derivative. Then you have the investors out
• 37:44
  there. Oh, hey, Ron's Group's really
• 37:46
  good. We're going to bet that Ron's
• 37:48
  Group wins. Ted's really good.
• 37:50
  We're going to bet that Ted's Group wins.
• 37:52
  And then those two. OK, which are not you and I and
• 37:57
  not our friends, the people beyond our friends, our friend's
• 38:00
  friends. And they invest, say, a trillion
• 38:03
  dollars. You think I'm crazy?
• 38:05
  No, I'm not. Because the amount of
• 38:07
  derivatives being held by the banks far exceeds their
• 38:09
  capitalization. They're all the banks are
• 38:11
  busted. That's why you're showing that
• 38:13
  there's not enough M2 money supply to cover it.
• 38:15
  So anyway, let's get back to this.
• 38:17
  So what we're going to see is think of all this other stuff
• 38:20
  here as wax. And as this all melts down, it's
• 38:24
  going to melt down away from what it was and into what it
• 38:28
  should have been, which is silver and gold.
• 38:30
  OK. And I and I let me, let me.
• 38:33
  Throw something in as well. My my perspective on the extras
• 38:37
  Pyram. And by the way, John Exter
• 38:38
  worked for the New York Federal Reserve.
• 38:42
  He only died, like in 2006. So this is from a Federal
• 38:47
  Reserve member who developed this pyramid and argued in favor
• 38:51
  of it for years and years. But what's interesting to me is
• 38:55
  that the way I look at it is silver and gold at the bottom
• 38:58
  are real, right? We know that they're tangible,
• 39:01
  They're finite. Like Ted said earlier,
• 39:03
  everything above it, above gold and silver are synthetic are
• 39:09
  make believe, are based on confidence, which starts with
• 39:14
  the with the three letters CON con, right.
• 39:17
  Which is why I like to say recently Ted, it kind of dawned
• 39:21
  on me like why has the United States Federal Reserve it.
• 39:25
  It seems to me that they're almost less of a bank and more
• 39:28
  of a public relations firm now and and and that explains why
• 39:33
  because they have to continue now with, you know every week we
• 39:37
  have 10 Fed governors speaking, right.
• 39:39
  They have to continue with this messaging, pop up the bond
• 39:42
  market. Is what's going on.
• 39:43
  They talk it up so that the people that are holding the
• 39:46
  bonds don't dump them, and then the people that don't hold bonds
• 39:49
  want them. OK.
• 39:50
  But quite frankly, I think that ship has sailed.
• 39:53
  I'm going to say one more. Thing.
• 39:54
  And then I'm going to, I'm going to be quiet and let you and let
• 39:57
  you speak. When I look at that pyramid, you
• 39:59
  know everything synthetic above gold and silver.
• 40:02
  We don't need the whole thing to absolutely collapse to see a a
• 40:08
  big increase in the gold and silver price even if just like
• 40:11
  you said it starts to melt. That's a good analogy, or I like
• 40:14
  to say if a few of the bricks. Start to fall out of that
• 40:20
  pyramid. You know, a few of the
• 40:21
  derivatives bricks. A few, even just a little bit,
• 40:25
  could result in a huge value or an event that could create a
• 40:29
  huge repricing for the silver and gold for that matter,
• 40:35
  figuratively. Though Can you imagine what the
• 40:39
  size of gold and silver would be like once these other fake
• 40:43
  derivatives of the dollar go away and meltdown into gold and
• 40:47
  silver? Because purchasing power never
• 40:49
  goes away, it shifts. OK, so we got this big bubble
• 40:55
  and they keep blowing it up and blowing it up and blowing up.
• 40:58
  OK, but inside that bubble again, the bubble that's being
• 41:01
  blown is a small little bubble and that's the silver bubble.
• 41:05
  And there's only .5% in the silver and the gold physical
• 41:09
  bubble inside this big balloon. Do you follow me?
• 41:12
  So as the other purchasing power shifts from cryptocurrencies,
• 41:19
  derivatives, non monetary, you get the picture right?
• 41:23
  Nonsense. OK, That purchasing power shifts
• 41:26
  into silver and gold. You are seeing an epic biblical
• 41:31
  battle going on right now. And I'm telling you, the cause
• 41:35
  of all this downstream issue is the global battle that's
• 41:39
  happening right now between Keynesian economics and Austrian
• 41:43
  monetary economics. It's being battled out, OK, and
• 41:48
  the BIS is going to lose. But what you're feeling right
• 41:51
  now, you're feeling the depth of all the tentacles that the BIS
• 41:54
  had throughout our society. They've infected our legal
• 41:58
  system. What's going on with Fanny
• 42:00
  Willis and not Fanny Willis and Fanny, I forget.
• 42:03
  But anyway, those two people, they're both former judges, both
• 42:08
  former judges lying before the the, the, the, the daggone jury
• 42:12
  before the judge. What kind of respect can you
• 42:15
  have with the law there anyway? We're getting off.
• 42:17
  So, so, so. Ted, because we didn't really
• 42:20
  define this for everyone at the beginning and and there were two
• 42:23
  terms, I'll be honest, that that that I'd heard so many times
• 42:27
  over the years myself. The difference between Keynesian
• 42:32
  economics and Austrian economics.
• 42:34
  Will you explain that to us? For, for, for a novice
• 42:38
  economist, non MIT educated economist.
• 42:41
  Ted, if you will. I put my.
• 42:43
  Shoes on the way you do, too? OK, Keynesian economics is all
• 42:46
  about fractional reserve banking.
• 42:48
  OK. So that means that Ron puts
• 42:51
  $1000 into the bank. And if the if the reserve
• 42:54
  liquidity ratio is 10%, meaning that the bank can lend out 90%
• 42:58
  of that, that means that Ron's $1000 gets credit to him.
• 43:03
  But then that's given it a check for $900 to somebody else,
• 43:06
  they're going to borrow that, OK, they're going to borrow
• 43:09
  against this thousand and then that person can deposit another
• 43:13
  90% of that. If the reserve liquidity ratio
• 43:15
  is 10%, that's a little high. OK.
• 43:19
  So what I'm saying is that you can take $1000 deposit and
• 43:22
  create $10,000 liabilities against it.
• 43:24
  Do you follow me? Yep, Yep.
• 43:26
  So it's. Of it it's so it's it's almost
• 43:29
  to a certain degree if we if we refer back to the extras pyramid
• 43:33
  it's a lot of the things that those synthetic things that that
• 43:37
  rest above the silver and gold base Is that is that somewhat
• 43:42
  accurate? Yes, yes.
• 43:43
  And I'm not some savant or anything.
• 43:45
  This is, this is what happens in history.
• 43:48
  As a matter of fact, Sir, what was the guy's name?
• 43:53
  Crud, I can't remember his name. The furthest you look, the
• 43:56
  further you look back in history, the more clearly you
• 43:59
  can see the future. OK, Who was that?
• 44:04
  Yes, Sir. Winston Churchill said that
• 44:06
  thank you, Margaret. The further you look back in the
• 44:11
  past, the more clearly you can see the future.
• 44:13
  I just I want to say one. Thing Ted has Margaret and
• 44:17
  everybody in Rons basement knows Susie from Susie's house.
• 44:20
  So you know Ted, Ted, Ted, Ted. Ted's got some help and so do I.
• 44:24
  And we also real quickly Ted and then.
• 44:27
  Yeah, we need it. Yeah, right.
• 44:30
  Like, you know, it's Susie's house, Ron's basement.
• 44:32
  But nonetheless, I just want to say thank you to Susie and then
• 44:36
  all the other moderators that are on the live stream today
• 44:39
  helping out. I'm, I'm having a hard time
• 44:41
  looking, but I know I saw Annie Oakley, Jake from Jake's Custom
• 44:44
  Parts, Sassy Silver may be here. I don't think Craig is here
• 44:48
  because he's out on the West Coast.
• 44:49
  So thank you to all the mods, moderators.
• 44:51
  Ted, back to you about this. The further I look back in
• 44:54
  history, the more clear things become.
• 44:57
  Correct, yes. So look at these different
• 45:00
  currency notes. OK, Look at this one.
• 45:03
  Look at this one. At some point in time, somebody
• 45:07
  exchanged their labor for these notes.
• 45:10
  OK, but who owns them now? And what?
• 45:13
  It's what's they're worth. OK.
• 45:15
  So let's ask another question. Since all these Fiat currencies
• 45:20
  fail throughout history, all right.
• 45:22
  Is there a model by which they do fail?
• 45:25
  What do you think the answer is, Ron?
• 45:27
  Yes, yes, yes. So what I'm saying is is is not,
• 45:33
  is not the opium or whatever you want to call it.
• 45:36
  It's not a guess, all right? It's what happens.
• 45:39
  The further you look back in the past, the more clearly you can
• 45:42
  see the future, OK. And if you don't hold it, you
• 45:45
  don't own it. Somebody does.
• 45:48
  Guess who the .5% that earned the medal.
• 45:52
  Look folks, you're never got Ron.
• 45:53
  You're never going to need another chance like this ever
• 45:56
  again. Your parents, your grand grand,
• 45:58
  your great grandparents, your grandparents, your children,
• 46:02
  your grandchildren will never have this opportunity.
• 46:05
  We're seeing a shift back globally from Keynesian
• 46:08
  economics, fake Fiat currency running around the world right
• 46:12
  now to asset backed gold and silver.
• 46:16
  And of the two, silver is the much better buy because the
• 46:19
  silver mining ratios are and the paper ratios are out of whack.
• 46:23
  There's so much we can talk about because currently the
• 46:26
  paper ratio between silver and gold is like 90 to one.
• 46:29
  It comes out of the ground at 7:00 to 1:00, but there's more
• 46:32
  to that story. Of the seven to one that comes
• 46:35
  out of the ground, 60% is taken right off the market and used
• 46:38
  for consumption. So that would make the inverse
• 46:41
  of that or 2.8 units of silver to 1.
• 46:44
  So if you take an ounce of gold, say 2100 keeps math early, easy,
• 46:48
  OK. And silver is at 3 to one, OK
• 46:51
  you should see an ounce of gold silver selling for $700.00.
• 46:55
  I shared some things off screen with you that those numbers.
• 46:58
  I'm not ready to release those numbers yet, although I could
• 47:00
  show the math. But clearly we are well north of
• 47:04
  $10,000 an ounce for silver. Yeah, Ted.
• 47:07
  Ted. We have some breaking news right
• 47:09
  now. My Susie, my my my wife, my
• 47:13
  Margaret just just sent me a text here in the basement.
• 47:17
  She just wanted everybody to know that right now the price of
• 47:19
  gold is up $33 an ounce. We're magic.
• 47:25
  Ted, you know the longer we stay on, the higher precious metals
• 47:28
  go, right? Yeah, I'm seeing Silver's.
• 47:30
  At 2329 is up $0.38 so far today.
• 47:33
  All right. Yeah.
• 47:34
  That's awesome. That's good news for you folks.
• 47:36
  Because you know what? It's not going to take very many
• 47:38
  people whatsoever to wake up and wipe out whatever supplies are
• 47:42
  there. You're going to find the demand
• 47:45
  for even sterling plate or silver plate to go to increase
• 47:49
  as well. They're going to use like what
• 47:51
  was it called, electrolysis to remove the silver from the
• 47:54
  substrate. So it's going to get to be that
• 47:57
  valuable and you are going to look back and say, Oh my gosh,
• 48:00
  you could have bought an American Silver Eagle for what,
• 48:02
  31 dollars? Good grief, folks.
• 48:05
  Can't you, man? It's money of your country now
• 48:09
  if you're in Canada, do we have any Canadian?
• 48:11
  Oh yeah, we have people and from.
• 48:12
  Definitely have our friends from Canada and I just want to go, I
• 48:17
  want to show something real quick.
• 48:18
  Ted, this is a 2000. See if I can get that on the
• 48:21
  screen. That's a 2023 American Silver
• 48:25
  Eagle, and I just want to show people you missed that notch.
• 48:29
  Yeah, it's got a missing. Read.
• 48:31
  Let me see if I can get that on camera 7:00.
• 48:34
  Mark right it. Is this one?
• 48:38
  Looks like it's right about it. What would that be?
• 48:41
  3:00, right by the Y in Liberty. There's a one of these little
• 48:45
  ridges where I think Ted referred to it as a Reed is
• 48:49
  missing. Yeah, you can.
• 48:51
  Maybe you can see it. Can you see it?
• 48:52
  Why? Not real clear why.
• 48:54
  Don't you sit it. Oh, you can't sit it down.
• 48:56
  Yeah, I can. Anyway, this folks, I don't know
• 49:00
  that there's another platform that's going to lay it out like
• 49:02
  this to you all. Hopefully we can come up with
• 49:04
  the technology. As you can see, the missing
• 49:06
  Reed, OK reeds actually are put around precious metals here,
• 49:10
  coin coins in the United States that have precious metal.
• 49:13
  And the reason why is this? Because a long time ago when
• 49:17
  they made coins, say back in the old Roman days in Lydia, which
• 49:20
  is where they made the first coins, they took a measured ball
• 49:23
  of gold or silver. And they would put it on like a
• 49:26
  dye, like an anvil. And this other guy, he would, he
• 49:29
  would have this dot the other side of the dye on what would
• 49:31
  look like an ads or a big pick. OK And he would take this and he
• 49:35
  would slam it down on this ball of metal and leaving the imprint
• 49:39
  in the top and the dye on the bottom would leave the imprint
• 49:41
  on the bottom, but the outside edges were flowered.
• 49:45
  So what people would do is they would grab a handful of these
• 49:47
  shekels or denarius. Oh, by the way, what is the
• 49:51
  etymology of the word shekel? Where does the word shekel come
• 49:54
  from? It means silver.
• 49:56
  How about Daenerys Silver? See if you go back and you take
• 49:59
  a look at what all the money is from different countries, it all
• 50:01
  has a root meaning. Back to silver.
• 50:03
  Truthfully, I'll provide all this stuff so that Ron can load
• 50:07
  it up and if you guys are interested, just go to his
• 50:09
  website and download it. So anyway, when they struck the
• 50:13
  ball of gold or silver, the outside edges were sort of
• 50:15
  flowered. They weren't uniform.
• 50:18
  So what people would do is they'd take a handful of these
• 50:20
  things and they'd shave off the outside edges and they'd do.
• 50:24
  That's enough coins and they would have enough for a free
• 50:27
  coin, right? Have you ever heard of the term
• 50:30
  point shaving before? Where did that come from?
• 50:34
  How long has silver been used as money?
• 50:37
  Didn't Judas get paid 30 ounces of silver to drop the dime on?
• 50:40
  Jesus, what did he do? They threw it in the in the
• 50:44
  Potter's field, right? Anyway, silver has quite A
• 50:48
  history, OK? And I'm not here preaching
• 50:51
  Silver because I'm there's anything in it for folks.
• 50:54
  It's the right thing to do. I did what the system told me to
• 50:57
  do for 27 years, which is to get our clients together, come in
• 51:02
  and turn over your stock certificates.
• 51:04
  These stock certificates, OK, And we would put them in a
• 51:07
  Street account, and the Street account then would be easier to
• 51:10
  manage their portfolio. However, look, I don't know if
• 51:14
  you can see this. Yeah, they can see it.
• 51:16
  OK, see that number. Up here, NC 187300, that is the
• 51:23
  unique identifier. It's called AQ SIP number CUSIP.
• 51:28
  OK, let me go to Q SIP. All right.
• 51:31
  Are you with me so far? Yes, that's here.
• 51:33
  There you go. Yeah.
• 51:35
  Q SIP is A. Universally Recognized
• 51:37
  Identifier for Financial Instruments and their issuers.
• 51:40
  Q SIP identifiers cover a wide range of global financial
• 51:45
  instruments, including extensive equity and debt issues,
• 51:49
  derivatives, syndicated loans, hedge funds, and listed options
• 51:54
  for the US and Canada. Why aren't you holding anything
• 51:57
  with a CUSIP number on it? And who is?
• 52:00
  You want me to tell you who is the DTCC?
• 52:03
  The Depository Trust Clearing Corporation?
• 52:06
  I have a white paper that I've given to Ron, and this is what
• 52:10
  it's called. OK Can you see that?
• 52:13
  Yep. No.
• 52:14
  Here. There it is.
• 52:16
  OK. This is a white.
• 52:17
  Paper and you can download this from Ron.
• 52:20
  I suggest you do it. This is the only lady that's got
• 52:24
  it all put together. Look, I have highlighted the the
• 52:31
  pertinent sections that I think you should know.
• 52:34
  Now you guys can freeze frame. You can read this stuff on your
• 52:36
  own, but look at this street name.
• 52:38
  OK, it made it easier for us. But the owner of the
• 52:43
  certificate, OK, is the one that holds it and the holder is the
• 52:46
  DTCC. There were $3.7 trillion.
• 52:51
  Tell me Ron, how do you possibly regulate a $3.7 trillion
• 52:55
  company? You can't.
• 52:57
  They buy off everybody. So Ted, Ted does this.
• 53:00
  Does this jive, for lack of a better term, with this great the
• 53:06
  great taking? Are you familiar with the the
• 53:08
  book that came out is this? Is this kind?
• 53:11
  Of along the same lines of what he's talking about.
• 53:14
  That's right, That's. Exactly right.
• 53:16
  And you're going to be soon learning about a new financial
• 53:19
  pool called a Snowball. How many of you have heard of
• 53:23
  Snowball? That I'm not going to tell you
• 53:25
  about because I want to see how many people really want to
• 53:27
  learn. You really want to learn?
• 53:28
  OK, post something, say hey Ted's great, or you want to see
• 53:32
  another one like this. I'd like to see this get up to
• 53:34
  1,000,000 views because no one is telling it the way that I am.
• 53:38
  Look all. These stock.
• 53:39
  Certificates. Look, they're all missed.
• 53:41
  They all had a unique identifier.
• 53:43
  See it? Freeze.
• 53:44
  Frame this if you need to, but they all had a unique identifier
• 53:47
  and they were issued to you by the company and the stock.
• 53:50
  Certificates were pieces of art. This is beautiful stuff.
• 53:54
  Look at this. You don't receive that anymore,
• 53:57
  do you? How many owners of each share of
• 54:00
  stock are they? How many shares of stock are
• 54:02
  traded each day, How many times you've been sent a release allow
• 54:07
  offering you the opportunity to release your shares to be sold
• 54:10
  or hypothecated to trade it against.
• 54:13
  They don't need to do that. You know why?
• 54:14
  Because if you go back and you read your brokerage agreement
• 54:17
  very carefully, you're going to see that you have given them the
• 54:20
  permission to hypothecate and re hypothecate your assets.
• 54:25
  So remember, when you put the money in the bank, right, the
• 54:27
  $100 and $1000 in the bank, they can lend out 90% of that next
• 54:30
  bank, 90% of that. You were the one that earned it
• 54:33
  originally. OK.
• 54:35
  What they're doing is they're taking your labor and there's
• 54:38
  fractionalizing it to such a degree that there's nothing left
• 54:41
  at this point. Yeah, they're diluting it.
• 54:43
  They're diluting it, right? I mean you have no unique.
• 54:46
  Identifier on anything you own. But Ron, can you put this up on
• 54:50
  the website the yeah, yeah, you. Got it folks.
• 54:53
  Listen, there's a reason why the Qsip was put in place, and
• 54:58
  there's a reason why you don't have it anymore.
• 55:00
  Let's, let's suppose, let's suppose that Ron and I, Ron,
• 55:03
  we're going to own a car, OK? Very collectible car.
• 55:06
  But the people can see it. They can say they own it, but
• 55:09
  they can never, never drive it and they can never touch it.
• 55:12
  OK. Sound like a share of stock?
• 55:15
  Yeah. All right now.
• 55:17
  Now, Ron, I say to Ron, you know what?
• 55:20
  How many times do you think we can sell this car if we take off
• 55:24
  the VIN number? Yeah, we take off the VIN
• 55:27
  number. How many owners for each car
• 55:30
  could we have, Ron? Infinite.
• 55:32
  Holy smokes. What happened to the dollar now?
• 55:36
  What happened to share of stocks?
• 55:38
  Folks, you don't know me very well.
• 55:40
  I hope you take the time to learn about me a little bit.
• 55:42
  I have a 27 year career in financial services.
• 55:45
  I'm a retired certified financial planner, certified
• 55:49
  estate planner, retired investment advisor, every
• 55:52
  registered investment advisor, retired to investment advisor
• 55:56
  representative. I was on the Baltimore Estate
• 55:59
  Planning Council for many, many years.
• 56:01
  My Forte was setting up revokable living trust, trust
• 56:05
  work, high end estate planning, family limited partnerships, CBA
• 56:09
  which is sort of a valuation analyst where you you can move
• 56:12
  more money out of a taxable estate through what's through
• 56:16
  through decrease in the share cost or values or whatever.
• 56:18
  That's a whole another thing. The thing right now that we got
• 56:21
  going on right now is, is time sensitive.
• 56:24
  Let's go back to national debt clock.
• 56:26
  Since we started talking that M2, yeah, why don't we wrap up
• 56:29
  with? That I think that's a great
• 56:30
  idea, Ted. Oh, hold on, hold on.
• 56:32
  Let me get you up there. There you go.
• 56:34
  Full screen at that U.S. debt clock.
• 56:37
  Now you see my. Cursor look at this.
• 56:39
  Move your cursor around, so. People can say I am, I am.
• 56:41
  We're taking a look. At the M2 money supply, Can you
• 56:43
  see my finger? Yeah, yeah.
• 56:45
  All right, M. Two money supply went down since
• 56:48
  we started talking folks, and the claims against what's left
• 56:51
  of the M2 money supply went up. Do you see that?
• 56:55
  As well as the national debt went up?
• 56:57
  It's a ticking time bomb. The reason I'm coming on right
• 57:01
  now is for the last, no, 11 years, I have a group of 17
• 57:06
  people. I decided I was going to train
• 57:08
  because I want to try to get back some of that 700 million
• 57:10
  that I had under management and get that into Silver before it's
• 57:15
  too late. So I'm going back to my clients
• 57:17
  and I got a team that's helping me right now.
• 57:20
  When they do research work, they send stuff to me.
• 57:23
  Other people want to get into it, but I'm living it to 17.
• 57:26
  But not not. I'm just telling you what I've
• 57:28
  done and where we're getting information from and the reason
• 57:31
  why, the reason why I'm doing this.
• 57:33
  I'm trying to atone for what I've done.
• 57:35
  I took your stock certificates and I put them in the street
• 57:38
  account and you lost your, your unique identifier.
• 57:43
  So I'm sorry, but we're going to make good on that.
• 57:45
  If you follow what I'm telling you, OK, you're not going to
• 57:48
  lose. Take a look at Ron.
• 57:50
  Can you put up the, the history, the price of silver history?
• 57:54
  What is that the historical price of silver?
• 57:57
  Is it? Is it 1?
• 57:57
  Of your screens that you have, you keep talking and I'll see if
• 58:03
  I can get it figured out. Like a long term, Like a long
• 58:05
  term chart of silver. Absolutely.
• 58:07
  Absolutely yes. Well, you, you keep.
• 58:09
  You keep. You keep.
• 58:10
  Talking, Ted. Otherwise I'm going to have to
• 58:12
  sing for everybody and then everybody leaves the live
• 58:14
  stream. So I don't know you want.
• 58:16
  You want Ron to sing No, no, no, no.
• 58:19
  Trust me, they don't. So what we've covered is we've
• 58:24
  covered the amount of debt that's outstanding.
• 58:26
  We've covered the amount of money that is that is available
• 58:29
  to cash. All these checks that can be
• 58:32
  written against that 20 trillion is $621 trillion plus a 34, OK.
• 58:38
  And then we've also talked about how criminal they are they're
• 58:40
  collecting. They've sold 393 paper ounces of
• 58:44
  silver for everyone ounce of silver that physically exists.
• 58:47
  And I'm telling you, the numbers well beyond that.
• 58:49
  That's all that they're admitting to.
• 58:52
  But folks, can you see what's going to happen when the music
• 58:55
  stops? When the merry go round, no
• 58:58
  musical chairs, musical chairs. When the music stops. 392
• 59:03
  people, admittedly, are going to fall flat on the floor and the
• 59:07
  one sitting in the chair, They're going to have outrageous
• 59:10
  offers for what it is that they were smart enough to hold on to.
• 59:13
  So what I would suggest you do is get the money of your
• 59:16
  country. Canada.
• 59:17
  You're in. In Canada you should be
• 59:19
  collecting, not collecting. You should be saving in Canadian
• 59:23
  Maple leaves. OK.
• 59:25
  If you're in England, OK. I guess they're still working
• 59:28
  with the, the, the, the with the Britannia, the Britannia.
• 59:32
  I think it's what they're using there.
• 59:34
  And is there a, is there a coin that they're using in your in
• 59:38
  Europe for the Euro, do you know?
• 59:40
  No, I mean, there's the. Austrian Philharmonica, OK,
• 59:45
  which is interesting because I was thinking as you were
• 59:48
  speaking, I hear about Austrian and and and and and and I don't
• 59:51
  think we'd actually touched on, we touched on Keynesian
• 59:54
  economics and what that is right, that based fractional
• 59:57
  reserve Austrian economics is more based upon silver and gold
• 1:00:02
  is real money, right and the ratios mining.
• 1:00:06
  Ratios, right. Yeah.
• 1:00:08
  Yeah. But when all this happens,
• 1:00:10
  financial advisors are a thing of the past because you can't
• 1:00:13
  fractionalize silver, OK. And although it will be to a
• 1:00:17
  certain degree because you can, what I'm hearing is they're
• 1:00:19
  selling milligrams of gold in Qatar right now as 1000
• 1:00:23
  milligrams to 1G. What are they selling?
• 1:00:26
  A milligram for folks? It's going to get that scarce
• 1:00:29
  because you're looking at 7.8 billion people in the face of
• 1:00:31
  the planet, right? And there is a slide that I
• 1:00:35
  would like to give. Ron, you don't get that.
• 1:00:37
  I'm going to pull up a. Long term, this is the best I
• 1:00:40
  could come up with, but I'm going to pull up this long term
• 1:00:44
  chart of silver. Do you still want to see that?
• 1:00:46
  Yes, yes, OK. This is.
• 1:00:49
  This came from SD Bullion, but here let me let me do this and
• 1:00:53
  then got it. You got it.
• 1:00:57
  OK, that's. The long term chart of silver.
• 1:00:59
  Long term chart of silver. OK.
• 1:01:01
  And where are we right now on that?
• 1:01:02
  We're currently what around 20/23/22, OK, all right.
• 1:01:08
  You're seeing still seeing it's off, its all time high.
• 1:01:11
  Can we take a look at the Dow right now?
• 1:01:13
  Can you pull up the Dow? Can you leave this tab open and
• 1:01:16
  open up the Dow please? Yeah, hold on.
• 1:01:20
  I'll go to Yahoo Finance and pull up the and the reason I'm
• 1:01:22
  asking. Ron, to do this is because
• 1:01:24
  you're supposed to buy buy low and sell high, right?
• 1:01:28
  How much higher has the stock market ever been?
• 1:01:31
  More importantly, when you buy low, the absolute best time to
• 1:01:35
  buy low is when the asset is hated.
• 1:01:38
  So there's the long, there's the.
• 1:01:40
  Long term Dow, let me see if I can get it on full screen, OK?
• 1:01:46
  So what I'm showing on my screen is not what you're showing on
• 1:01:49
  your screen, is what they're seeing.
• 1:01:51
  Yeah. Yes.
• 1:01:52
  What you're Yeah. OK.
• 1:01:54
  All right. How much higher has the Dow ever
• 1:01:56
  been then today? Hold on, I have marginal.
• 1:02:02
  Yeah, marginally. So, right, right, so.
• 1:02:05
  Why wouldn't you? Exit out of the paper game where
• 1:02:07
  you don't have a unique identifier.
• 1:02:10
  Take the funds if there's still enough left, and get yourself
• 1:02:13
  some type one American Silver Eagles without the notch.
• 1:02:16
  Or fractionalize the silver into constitutional silver Dimes,
• 1:02:21
  quarters and a half dollars. Hey, Ted.
• 1:02:23
  Ted, I need to, I need to run away for like 2 minutes.
• 1:02:26
  So you keep talking. There's a chart of the long term
• 1:02:29
  chart of the Dow. Or do you want me to bring it
• 1:02:31
  back to you on your face? I'll tell you what, leave it up.
• 1:02:35
  The. Dow, because we can talk about
• 1:02:36
  that a little bit, OK? Because can they see me at all,
• 1:02:39
  though? No.
• 1:02:41
  They can just see the long term Dow.
• 1:02:43
  All right, good enough. So.
• 1:02:44
  What you're seeing though is you're seeing unprecedented
• 1:02:47
  highs in the stock market, right.
• 1:02:49
  So look at it rationally. Let me ask you a question.
• 1:02:52
  Now. Let's suppose that you had
• 1:02:54
  whatever it is you have invested right now is $100,000.
• 1:02:58
  OK. And it was sitting in cash.
• 1:03:01
  Would you take that cash and put it in the stock market?
• 1:03:04
  Would you take that cash and put it under the mattress?
• 1:03:07
  Would you take that cash and turn it into silver bars or you
• 1:03:10
  take that cash and put it into the money of the country where
• 1:03:13
  you are? OK.
• 1:03:14
  What I would suggest that you do is you take constructive receipt
• 1:03:18
  of it. Now there are some people in our
• 1:03:21
  group that they wanted to get out large chunks of their IRA
• 1:03:24
  money. So they were told, Oh well if
• 1:03:26
  you go down there and you take the Silver Monster boxes as
• 1:03:29
  receipt, then you are you're receiving, you're getting what's
• 1:03:32
  called constructive receipt, meaning you're taking receipt of
• 1:03:35
  your IRA money. However, we have a work around
• 1:03:38
  for that. I'm not, I can't do it for
• 1:03:40
  everybody. But let me tell you what I did
• 1:03:41
  because you might be able to do with somebody else.
• 1:03:43
  So what I did was I went to the to the place that sells the
• 1:03:47
  silver. We met the people down there and
• 1:03:49
  said, look, I'll tell you what, I will take his 10 monster boxes
• 1:03:53
  and he takes my 10 monster boxes because he's not then taking
• 1:03:57
  constructive receipt of his 10 monster boxes.
• 1:03:59
  All he's doing is he's taking collateral of my 10 monster
• 1:04:03
  boxes. And we ran that pass to see CPA.
• 1:04:06
  And it does work. So you do not have to roll your
• 1:04:10
  IRA into someplace else where you still have no control and
• 1:04:13
  you can't even see it. OK, you can do it this way.
• 1:04:16
  Ask for a withdrawal and you can ask for a hardship withdrawal.
• 1:04:20
  OK, if you're under 59 1/2 there might be a 10% withholding
• 1:04:25
  penalty. They might try to withhold sales
• 1:04:26
  tax. And should Maryland taxes for
• 1:04:28
  income taxes or whatever because an IRA has not been taxed yet?
• 1:04:32
  OK, but there are ways to get the dollars out OK where you
• 1:04:35
  don't have to pay the taxes. You can do a rollover.
• 1:04:38
  And the reason I'm bringing that up is because there are people
• 1:04:40
  out there right now that are targeting people with large Iras
• 1:04:44
  to do a non custodial rollover. And basically what they're doing
• 1:04:48
  is they're taking their funds in the account, saying here you
• 1:04:50
  take them and they sent them off to this guy who sells them
• 1:04:53
  silver bars, charges 7% Commission and then hasn't
• 1:04:57
  signed a paper that the bars have been delivered to a vault
• 1:05:00
  and his relationship with the client is over with.
• 1:05:03
  You would know who this is, but I do not want to do that on this
• 1:05:06
  program. OK.
• 1:05:07
  The bottom line is if you don't hold it, you don't own it and
• 1:05:10
  don't let anybody else hold what it is, it's yours.
• 1:05:12
  OK. Makes sense.
• 1:05:14
  Makes sense. I'm back.
• 1:05:15
  Today I had to run upstairs and give Susie a kiss.
• 1:05:17
  So I'm. I'm sorry I had to leave you
• 1:05:19
  there for a minute. Couple other things I wanted to
• 1:05:21
  cover. While you were gone, we were
• 1:05:22
  talking about some other topics here.
• 1:05:23
  Obviously the word dollar. Where's the word dollar come
• 1:05:27
  from? How did it come about?
• 1:05:30
  Actually, the word dollar is a bastardation of the word thaler
• 1:05:33
  THALER, which is a German word meaning, guess what, Ron?
• 1:05:38
  Follow means silver. Does.
• 1:05:42
  So. Why did Fowler become dollar?
• 1:05:44
  Well, say it with your tongue held a couple of times.
• 1:05:46
  See how how nicely it comes out. Basically, over time it went
• 1:05:49
  from Fowler to dollar. OK, shekel.
• 1:05:52
  What is the etymology folks? Is the study of language, how
• 1:05:55
  words came about? Like most of the words came
• 1:05:57
  about from Latin, the romantic language.
• 1:06:00
  Like for instance the word college is 2 words brought
• 1:06:03
  together. When you collate something,
• 1:06:05
  you're going to bring it together right?
• 1:06:06
  And legge means the read. So the etymological definition
• 1:06:10
  of college is to gather and read.
• 1:06:12
  OK. And then a university.
• 1:06:14
  Uni means 1 versity place for all.
• 1:06:17
  OK, so colleges are inside of university OK.
• 1:06:21
  University has 11 university for many schools.
• 1:06:24
  And you decide you want to get educated in the in the music
• 1:06:26
  school or the art school, or the finance school or the economic
• 1:06:31
  schools. I did.
• 1:06:32
  OK. But anyway, that's that's where
• 1:06:34
  that came from. But anyway, shekel means silver.
• 1:06:37
  You can read this. Look.
• 1:06:40
  Take a screenshot of that. Look at this.
• 1:06:43
  What does that tell you? Is this money?
• 1:06:48
  Is this money? Is this money?
• 1:06:53
  Is this money? You have to tell me, folks.
• 1:06:57
  But I'm telling you, in times of war, smart money moves to hard
• 1:07:00
  money. And if you don't hold it, you
• 1:07:02
  don't own it, somebody else does.
• 1:07:05
  Cause all the silver is owned by somebody because it had expenses
• 1:07:07
  bringing it out of the ground. Yeah, you know.
• 1:07:10
  Ted, one of our, one of one of our channel friends, bald guy,
• 1:07:15
  money. Oh I like that he yeah he's
• 1:07:17
  great super smart guy great friend.
• 1:07:20
  He's out of Dubai. He came up, he and I were doing,
• 1:07:24
  we're talking and he we're talking about the value of
• 1:07:26
  silver. And he he came up with this idea
• 1:07:30
  that like silver is like a battery.
• 1:07:32
  It doesn't store electricity, but it stores value.
• 1:07:36
  All that work that went in, whether it was mined yesterday
• 1:07:40
  or mined 3000 years ago, all that work, all that effort that
• 1:07:45
  went into getting that is always like stored in that silver.
• 1:07:49
  It never goes away. It can be transferred, right?
• 1:07:53
  If I give you an ounce of silver, you give me an ounce of
• 1:07:55
  silver, we can put that value is always there.
• 1:07:58
  I mean, isn't that awesome? And yeah, right.
• 1:08:00
  Every, like, in almost every language in the world, world.
• 1:08:03
  The word word for money is silver.
• 1:08:06
  Who knew? Yeah.
• 1:08:08
  Who knew? Yeah, they did.
• 1:08:11
  Folks, come on, let's just get back.
• 1:08:13
  Let's let's get back to simpler things, OK?
• 1:08:16
  My dad used to say keep it simple.
• 1:08:18
  Stupid kiss, right? OK.
• 1:08:20
  This is Money. OK.
• 1:08:23
  This, if you can cash it in, is a proxy for money, right?
• 1:08:28
  If you can convert it into the dollars, the M2 money supply and
• 1:08:31
  then take the M2 money supply and actually get the physical
• 1:08:33
  silver. OK.
• 1:08:35
  So to wrap things up here, OK, this is a representation of
• 1:08:39
  money. This is an extras pyramid.
• 1:08:41
  This is going to be above silver and gold on extras.
• 1:08:45
  Upside down pyramid, right, Ron? Got it.
• 1:08:47
  OK, so we know that this isn't money.
• 1:08:50
  This is a representation of money.
• 1:08:51
  But you don't even own a unique identifier with this.
• 1:08:55
  So somebody might say, well, jeez, you own an American Silver
• 1:08:57
  Eagle. Where's your unique identifier
• 1:08:59
  with that? Let me tell you, if you take an
• 1:09:01
  electron microscope and you dig and look down deep enough into
• 1:09:05
  just the surface area of that coin, you're going to find that
• 1:09:08
  every silver eagle is slightly different, much like every
• 1:09:11
  snowflake is different. So there folks, is unique
• 1:09:13
  identifier. That's your unique identifier.
• 1:09:16
  Anyway, thank you thank. You, I want to say a couple
• 1:09:21
  things, #1, thank you for joining us today.
• 1:09:25
  I mean, this has been great. We've actually set a record for
• 1:09:29
  the most people ever in Iran's basement live stream, and I've
• 1:09:33
  been doing this for two years. So obviously the message that
• 1:09:38
  you're conveying to the basement dweller community, that's what
• 1:09:41
  we call ourselves is very powerful, very pertinent and on
• 1:09:45
  behalf of myself but also the viewers, I want to say thank you
• 1:09:50
  for joining us. And Ted and I, unless his plans
• 1:09:54
  change are going to have a a weekly maybe we can, you know
• 1:09:57
  we'll get an actual date every week.
• 1:10:00
  But for now, maybe Friday, if that works for Ted, where you
• 1:10:04
  can come back on, I'm sure I'm going to get a lot of emails, a
• 1:10:07
  lot of questions. And I think this is going to be
• 1:10:10
  a great ride that we go on together.
• 1:10:12
  And I, I, I really do salute your genuine desire to help
• 1:10:18
  people. I know you worked a long time in
• 1:10:20
  the financial services industry and you kind of started to then
• 1:10:24
  learn about the value of of metal and the value of real
• 1:10:27
  money. And Susie's yelling something at
• 1:10:31
  me. Hold on one second.
• 1:10:33
  We'll get into more. About me, but Ron, if you can
• 1:10:36
  load this up on your website somehow, yeah, I don't the
• 1:10:39
  website. We have is is limited in that
• 1:10:42
  regard I mean there any way somebody could see this and.
• 1:10:45
  Say, hey, I'd like to have a copy of that.
• 1:10:47
  Yeah, and you. And then you could send it them.
• 1:10:49
  Or they could get it electronically.
• 1:10:51
  Yeah, I can. I can.
• 1:10:52
  Forward the e-mail that I received from Margaret and if
• 1:10:57
  she's OK with that or I can I can put together, you know, I
• 1:11:00
  don't even have to do that. I can put together I anybody who
• 1:11:02
  wants that, just e-mail me and I'll get you a copy of it.
• 1:11:06
  Absolutely. Well, tell me how serious.
• 1:11:08
  Everyone is 'cause I'm damn serious about this.
• 1:11:10
  Matter of fact, while I was talking to you, Ron, I almost
• 1:11:12
  teared up a couple of times. This is this is really serious
• 1:11:15
  folks. You only got one shot at this
• 1:11:17
  and is not going to be a do over.
• 1:11:19
  No, no. Well, thank you, Ted.
• 1:11:21
  This has been awesome. We're going to look forward to
• 1:11:24
  more in the future. We got a lot of great comments,
• 1:11:27
  a lot of great feedback already. Thank you so much folks.
• 1:11:32
  Thanks very. Much hope you got something out
• 1:11:33
  of it. Let's do it again.