Latest / Man in America Podcast / Dollar Collapse is Engineered to Herd Us Into CBDC Prison—David Jensen EXPOSES the Playbook

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Dollar Collapse is Engineered to Herd Us Into CBDC Prison—David Jensen EXPOSES the Playbook · Man in America Podcast

• 0:15
  Speaker 1: Welcome to Man in America, a voice of reason in a world gone mad. I'm your host, Seth Hullhouse. If you've been watching what's happening with precious metals, you've noticed in the past couple of months very erratic behavior. And by erratic, I mean, it's breaking the mold. We're seeing the price of gold and silver starting to really spike in ways that we haven't seen in quite some time.
• 0:44
  And it's easy to look at that and think, oh, wow. You know, there's more demand for these metals. It's great. People now are buying more, so the price is going up. But something much bigger is going on here.
• 0:59
  And so joining me today is is one of my all time favorite guests, a man named David Jensen, who's a mining executive and, I would say, an absolute expert in analyzing what's happening with precious metals. And so we're gonna be talking about a lot of different topics, but specifically, what's really going on with precious metals? Why is the price spiking? How does that relate to the global financial market? Because if you listen to my previous interview with him, which if you haven't, I'll put a link in the description to it.
• 1:34
  He described basically how when Nixon pulled gold, the dollar for gold standard, and I think it was 71, that you in the the decade or so following, you saw gold and silver skyrocketing. And how he explained that is he said because gold and silver, he said, were the canary in the coal mine, that they were the indicators that showed when there was massive overprinting, which is what happens when you pull a currency off of a commodity. It's no longer, you know, backed by anything real and tangible. Just add a few more zeros. Hey.
• 2:08
  You know, a trillion dollars? Well, let me just press a few buttons and turn the printers on and, hey, there you go. There's trillions more. And so what happens is that the gold and silver, you saw the prices going up and up and up at that time, which was showing it was a reflection of the overprinting of the dollar, which were also, you could say, was the the massive drop in the value of the dollar. Because what happens when you start creating a massive amount of something, it loses value as it becomes more common.
• 2:35
  And so here we are, you know, what, fifty some odd years after that with the country being, you know, over $30,000,000,000,000 in debt, the global debt market being in the hundreds of trillions, And you can see the effect of what happens when these central planning bankers are no longer constrained by, the backing of currency to create sorry, the backing of commodities to create currencies. And so what David explained in that last interview was that in the eighties, they created the LBMA, which I think is the London Market Bullion Exchange. Sorry. LBMA, London Bullion Market Exchange. I think that's the correct term for that.
• 3:17
  Let me know in the comments if I got it wrong. But, basically, what they created was a mechanism to suppress the price of gold and silver through paper contracts. Basically, to take a commodity that was limited and make it and that was also scarce and make it unlimited by and taking one ounce of silver instead of selling one ounce of silver to somebody, you sell them a piece of paper that says you own one ounce of silver, and you can take one piece of silver and sell 200 papers for that one ounce of silver. And so they did that as a mechanism to to suppress the price of gold and silver to oversimplify things. And this was controlled by the Bank of England, which is, in essence, the Rothschilds in in many ways.
• 3:56
  But what's happening now, though, is that that mechanism is breaking. People are starting to see through that giant lie, and a lot of people that own those papers are now demanding physical delivery, and this is causing that system to break. But what happens when that system breaks? And that's what David and I are gonna go into detail about is what's actually happening. Because it's not just about the price of gold and silver going up higher because the system's breaking.
• 4:26
  It's about the mechanisms that create the foundation of this entire modern debt based financial system. And according to David and his research, which is extensive, he thinks that entire system is collapsing and that we're gonna see a massive, massive shift in the global financial system. And what he thinks, and it aligns with, again, my thoughts as well, is that this is why we've seen, especially in the past couple of months, this huge push towards digital currency, digital IDs, biometric surveillance, social credit scores. You look at what's happening in over in Europe right now. It's it's insane.
• 5:07
  Even happening in our own country of America right now, we're seeing the beginnings of this. And because he thinks that the destruction of the of the collapse of the global debt based fiat system is intentional and that the next step in it is to bring in a central bank digital currency, digital currencies that then give these elite families and bankers unlimited control. You look at what's happening in China right now with their social credit system and all the surveillance. This is what happens when you start bringing in central bank digital currencies. And, he thinks that's the solution.
• 5:44
  He thinks that not not his solution, but he thinks that's their solution, is that they intend to collapse the current monetary system to bring in a central bank digital currency, global currencies, digital currencies that then give these bankers and central planners and, you know, the cabal, whatever you wanna call them, ultimate control over us. But, also, what's interesting is that he's seeing that more and more people are moving their assets out of the systems controlled by the central bankers and central planners, I e, the stock market, bank accounts, the bond market, etcetera, and moving them into physical gold and silver, which he sees as the Achilles heel of that global technocracy that's built on the back of a digital currency. And so we'll be talking about all this and a lot more. So I hope that you listen carefully. This interview will be audio only.
• 6:41
  That's you know, David just does audio. He doesn't do videos, which is convenient for me because my we were just finishing rebuilding our entire studio. We had just a quick update. You've probably noticed I haven't published as as much the past, say, week and a half to two weeks. Our main streaming PC, we had this really kinda custom built out main PC that we're running our software on everything.
• 7:04
  It crashed, which okay. Thanks, you know, thanks, Bill Gates, PCs. And we've now moved back into a Mac based system. We got a new Mac Pro, and, you know, I won't go into all the details, but we're just finishing setting up this system. And so that's why I've been kinda down on interviews.
• 7:20
  That's all it's also convenient that David wants to do audio because my wife, Kate, she's right now in the studio rebuilding the system, and I've I'm in a separate location on my laptop with a little mobile setup. So if the audio is a little different in this interview versus my previous interviews, I'm not I'm not using my same mic and audio setup, but we did our best to still create a very high quality product for you here with the with the podcast. So with all that being said, enjoy the interview with David Jensen. Listen carefully. You might wanna replay it a couple of times.
• 7:52
  And if you find this to be valuable, please share it with people because I think that what he's talking about is honestly, I think it's probably the most important story of our lifetimes. And I'm not I'm not mincing my words when I say that. I really believe that what's what we're seeing happen here is the you could say it's the beginning stages of this or it's the late stages, whatever whatever way you wanna look at it, but we're on the cusp of a very, very significant change to our way of life. And David does a great job of explaining what that means and how the mechanisms they've put into place have controlled where this is going, but also how we can escape that control. So please enjoy the interview.
• 8:36
  David Jensen, I've been waiting for this interview, and it's so great to have you back on the show. So thank you so much for being here.
• 8:44
  Speaker 2: My pleasure. Great to talk again, Seth.
• 8:46
  Speaker 1: Absolutely. So so you're I would consider you a you're a mining executive, I'd really, what I know you as is is an expert on, you know, analyzing precious metals. And, well, I guess, how about do you wanna give yourself a quick introduction before we we dive in for folks that are new to you?
• 9:04
  Speaker 2: Sure. I I don't know what I can say to you about that. I I used to work as a aircraft, structures design engineer. I I worked, you know, for a period of time doing that, f five fighter plane overhaul and, the regional jet design program. And then, I did an MBA, and, when I got out of out of school, I I I had three friends, in 2001 who, within about eighteen months, so in in around that time, all said to me that the price of gold didn't trade fairly, and and I thought that was ridiculous.
• 9:43
  Couldn't be. And, you know, from everything I've learned doing an MBA, efficient capital market theory and everything, that wasn't supposed to be possible. And then the more I started digging into it, the more I kind of became curious and began digging a bit deeper, and and I didn't find anything to show that it wasn't being manipulated. And, you know, almost twenty five years later, here we are. And, I'll tell you this, Seth, has taken a lot longer to unwind than I thought it had, but the net of it all was I I moved from, aircraft structures engineering.
• 10:13
  I was heading for airline management, and then I I did a u-turn and, got into the mining industry. And I now run a couple of private mining companies and and, spend a lot of time looking at the metals market. But, I think I may be spending less time looking at the metals market because, I think this thing is, really, really rolling quickly, and there's other things to be focused on going forward.
• 10:37
  Speaker 1: Yeah. And that's what you know, part of what we can get into today. Because our last interview you did, which was one of my favorite interviews I've done, is when you explained how the LBMA works, how it was formed, why it was formed. You talked about how when Nixon officially pulled the dollar off the gold standard in the early seventies, how shortly after that, the next ten years, we saw a massive rise in the price of gold and silver. But you explained how that was really the the the two metals were the canary and the coal mine that were they were showing that it wasn't necessarily a rise in the price of gold and silver, but that the dollar itself was being devalued so rapidly because of overprinting, because it was a fiat currency officially at that point, that they had to create some sort of mechanism to create to to manipulate and to suppress the prices of gold and silver, which you had then the the birth of the LBMA.
• 11:32
  I think it was around '86 or so, which was handed over to the Bank of England, you know, the the Rothschild, in essence, family, and how that was enabled them to then introduce paper gold and paper silver, which is a great way of artificially, you know, increasing the supply of something to keep the price down. Because if, you know
• 11:50
  Speaker 2: That's right.
• 11:51
  Speaker 1: A 100 people all hold the same certificate that says they hold an hold an ounce of silver, it's like, wow. There's silver's abundant, right, until the day that everyone wants their ounce of silver. And
• 12:01
  Speaker 2: Or even or even a few people want their ounces of silver.
• 12:04
  Speaker 1: Yeah. Exactly. And so looking at where we are right now, it's it's such an interesting time to have this conversation. Because right now, as I'm looking, gold's at approaching $3,900 an ounce, which is very high for what it has been. I think very low for what it could be.
• 12:22
  Silver is really kind of starting to bounce up against that $48 an ounce price. But more importantly, what we've seen is in the last six months, gold is up 23, up 90 sorry, up 9% in the last thirty days alone, and silver is up 37% in the last six months and up 14% in the last thirty days. And to me, it's that 14% in the last thirty days, similar to what gold has done, that makes me think what's really going on here because there's something bigger happening. I I'd love to hear your thoughts on why we're seeing this sudden increase in the price of these metals.
• 13:01
  Speaker 2: Sure. Yeah. So I guess looking at the at the big picture, creating the it's a promissory note system in London. So and it's in the cash market or what they call the spot market, which is immediate ownership. And so in the Bank of England, are the money printers, they recognized that that in the seventies that, you know, their ability to print was highly restricted, and it led to real problems in in in due to the fact that the gold and silver prices ran so strongly higher and forced interest rates up.
• 13:41
  So from '71 to 1980, silver went up 24 times and, gold went up by 21 times. And it wasn't the Hunt brothers. I mean, the Hunt brothers weren't in gold, and they went up 21 times. And it forced interest rates up to 19%. Right?
• 13:57
  So in in in nineteen eighty eighty seven, the LBMA was formed. The Thatcher government gave control of the world's biggest gold and silver market to the to the money printers, the currency printers really because it's not money. It's not gold and silver. And what that allowed what that allowed them to do was to create this promissory note trading system where these people that were holding their air quotes, gold, silver, platinum, palladium in in London vaults were really holding promissory notes. And it allowed enormous trading of gold and silver and creation of this false supply, which muted any price move and actually allowed the the trading of the the metal down to the $250 level in, in in 1999, 2000.
• 14:48
  And, what we've seen now, jumping forward to near the current time now, is that, we've seen the long bonds, which are long duration, treasuries, as a benchmark. We've seen them moving down in price, which means that interest rates, have moved up since early twenty twenty two. And the problem that we have there is is, it's putting enormous stress on The US economy. There's there's over a 103,000,000,000,000 of debt of US denominated debt in the economy. You know, the the federal debt is about 38,000,000,000,000, about a 103 ish, trillion total in The US economy and and 320,000,000,000,000 globally in debt that's outstanding now.
• 15:33
  And that's what allowed them to run interest that's due to the fact that they were able to run, interest rates from 19% in 1980 down to ten years, sorry, down to zero for ten years, leading up to very recently. And running those interest rates down to 0%, makes money essentially free, because, the cost of carrying it is is less than the than, what you're what you're losing in the value of it due to inflation. And, it leads to speculative bubbles and rising asset prices as, you know, magic, economy. You know, the great moderation as the Wall Street Journal called it in the nineteen nineties. But the problem that we have now, Seth, is that, you know, the Fed has announced that their September 17, they had their most recent meeting, and they announced they're gonna be further reducing interest rates.
• 16:24
  And what has happened is that interest rates on the long bonds, the long treasury notes have gone have gone up since then. And so the Fed is supposed to be the all seeing, you know, witch doctors in in in in in the paper asset market, in in the bond and and debt markets and and should know the the cost of of money and of currency. And and the bond market is not listening to them anymore. And so what is happening is that interest rates are going up, bond prices are falling, and we're starting to see now just very recently the an ex a tremendous acceleration in the price, movements of gold and silver. Now the most recent move higher that we've or the the move higher that we've seen, pardon me, this year, really started in in towards the end of last year with movements of gold, silver, and more recently now platinum, into New York vaults out of, The UK vaults or the London vaults.
• 17:22
  And this, has exposed, created tremendous stress in the market and exposed the nature of this, promissory note, you know, paper, gold, silver, platinum, and palladium market they have there. So the problem that we have right now is that the world's debt market and bond market is so large that only a very tiny fraction of it needs to be sold off and rolled rolled into, these real assets, safe haven assets to send the price much, much higher and to create enormous stress in London where they've got these, you know, hundreds of ounces of metal sold against every, ounce of metal that's available. So just to quickly give you a sense of the level of the imbalance, we've got 320,000,000,000,000 of global debt. The total annual supply of gold and silver, to market is about point $650,000,000,000, and you've got $320,000,000,000,000 sitting in the paper bond and debt markets. So it gives you an idea of how little capital that you need to move into the sector and to secure the actual metal to have really an outsized impact on on the leverage scheme that they've set up there in London.
• 18:44
  Speaker 1: So let me ask just a quick question as I make sure I'm following along. So you said that my my numbers are gonna be kind of rough numbers, but the Yep. Total global debt is in in the ballpark of $350,000,000,000,003.20. Yeah. $3.03 $3.20.
• 19:00
  And that the amount of metals, is it coming out of the ground each year? Is it around
• 19:07
  Speaker 2: About, yeah, in round numbers because we're dealing with two metals, but let's say about, about 80% of it that's liquid available to market is coming on, and the rest is coming, you know, through refiners and and, you know, scrap metal, etcetera, etcetera. Now there are other vaulted supplies, but that is not all available to market. Right? So we've got to look at I'm I'm just pointing out the liquid amount that we know is going to come to market. The rest depends, you know, on on the naivety of the holders to actually be selling into this market.
• 19:37
  Speaker 1: Oh, okay. And so that amount is, you know, roughly point you say 650,000,000,000.00? Yeah. So, you know, I'm not a I'm not not a math guy, but it's somewhere you know, looking at 650,000,000,000.00 versus 320,000,000,000,000, it's, you know, something like 500 times the amount. Right?
• 19:55
  Speaker 2: It is. It is. It's 500 to one.
• 19:57
  Speaker 1: 500 to one. Right?
• 19:59
  Speaker 2: It's it's
• 19:59
  Speaker 1: what we're looking at. And so what and you make sense on saying that, okay, of that debt market, people holding that debt, if even, say, if even 1% of those people hold they're holding that $300,000,000,000,000 in debt, that capital was moved over into metals. You're you're you're now let's see. You're now let's see. That that'd three, you know, three sorry.
• 20:21
  3,200,000,000,000.0. Even that 1% is, what, you know, six times or however however many times just the annual production of metals. And so
• 20:32
  Speaker 2: Let's call it liquid liquid available supply. Now there are vaulted stocks, but it's not all available to market. Right? That's the big question mark. And what we can see, we don't know the exact amount of of, you know, of of debt instruments, debt securities that have been sold, but we can see that enough have been sold that it's created enormous stress in these markets.
• 20:52
  And the see, gold is the most liquid market that there is because central banks hold large stocks of gold, and they've been lending their gold into the market to supply it. But they don't hold silver, and they don't hold platinum. And, you know, we've seen the platinum lease rate running between 1025% this year, the implied lease rate. And and we've seen the silver lease rate, above five percent all the way out to a year. You know, the it's a theoretical, cost of leasing the metal into the market.
• 21:23
  So what what that's signaling to us is enormous physical stress in the market. There just isn't the metal available for delivery into the market. And what we're seeing now is that these these, treasury yields, on the long end of the bond market since, I think it was September 17 that Powell gave his announcement, they just keep creeping upwards. So there's there's the attitude of the bond market, and then there's the hopes and wishes of the Fed, and and they are diverging now. And it it means it means that, you know, this this pyramid debt Ponzi system that's been created since 1987 is starting to unwind.
• 22:03
  And the imbalance in this market means that it can unwind very, very quickly, Seth.
• 22:09
  Speaker 1: And so what does that unwinding look like? Because if I mean, just, again, just kind of my mind's kinda piecing together these figures. I'm looking at, okay. We've got hundreds of trillions of dollars in debt, which is it's it's it's it's a lie. It's it's this that's the pyramid.
• 22:27
  Like, that's the the Ponzi scheme is all this debt that's been created and sold over and over and over again. And we have all these countries holding debt and everything, yet you have real money. Right? You have real money, which is precious metals, has been real money for five thousand plus years. Yeah.
• 22:43
  And so when that inversion happens, it's like when the Ponzi scheme collapses and everyone returns to real money, which seems to be the the natural progression of this overall situation. Yeah. What does that even look like? I I can't even I can't even imagine what that would look like.
• 23:02
  Speaker 2: Yeah. Well, it's it's not a great time. I mean, it's the end of this it's the end of this, What did Bart Chilton Bart Chilton was a from the commodities futures trading commission. He seemed like a he wanted to be a fair dealer. Let me put it this way.
• 23:18
  And he said this term called a ponzemonium, which is the the the noise of of the BS in the markets that it's coming unwound. And, let me just give you kind of a an idea here. In this in in The US and, you know, The US like, I'm living in Canada, and The US is in far better condition than Canada is. So this is nothing anti American. But there there's, like, a $103,000,000,000,000 of total system debt, And they were running interest rates at at 0%, the Fed was.
• 23:50
  And then they raised it to 5% gradually. And so the problem with raising interest rates when you have that much, debt in the system is that your interest your debt, rolls over over a period of time. Right? The you you either have to refinance or or make new loans, and and you see the you see the current prices even if you have a a fixed interest rate, loan. And so what happens is that raising the interest rates to 5%, what that does is it with time, and it takes a few years, for the debt to roll over, into the new interest rate regime, is that that adds now onto your economy.
• 24:31
  If you've got a $103,000,000,000,000 of debt and you raise interest rates by 5%, that adds $5,000,000,000,000 per year burden onto your economy. Right? So every year, you added $5,000,000,000,000 of interest payments on all levels, not just federal, but state, municipal, you know, mortgages, etcetera. Everything goes up. And when you've got a $30,000,000,000,000 economy is The US does to add $5,000,000,000,000 of burden onto it over a few year period, it's just not sustainable.
• 25:04
  And that's why you hear Trump screaming about we need to lower interest rates. But, you know, the Fed only sets the overnight interest rate, the interbank borrowing rate, their target for the interbank borrowing rate. And the bond market sets the rest, and the bond market is not complying with the wishes of everybody in the in the in the economy for lower interest rates. So with the with the amount of debt that's out there, eventually, that starts to have a very profound effect on the economy. And what we're seeing now from everything from two years out to thirty year debt now, the interest rates are rising while the Fed is talking about lowering rates.
• 25:49
  And so this burden is not going to go away. And the second problem that we have is that as this as we saw in the nineteen seventies over more than a decade is that when these metals really start to rip, people sell bonds. You know, they sell treasuries and other forms of debt, and they buy gold and silver because that escalator is is going up while the one that they're on is going down with the rising interest rates. Right? The value of these bonds goes down as interest rates go up.
• 26:20
  And this can accelerate very, very quickly to the point where your interest rates, you know, you lose control, you lose the authority over the bond market, and, the interest rates go their own way as they should. They should never have been manipulated down to 0% in the first place. But so instead of having interest rates go down from here, we could see them go up another 5%. And even 10% isn't out of, out of reason on a historical basis in terms of the cost of money. So you could add another $5,000,000,000,000 of burden, you know, say a total $10,000,000,000,000 of interest that needs to be paid in a $30,000,000,000,000 economy, and the whole thing just collapses then.
• 27:06
  Speaker 1: Man. And so as I'm I'm I'm hearing what you're saying and as I've been, you know, do my best to follow along with this, what it seems to me that what's happening is just that this the the pyramid Ponzi scheme, which is, like, the best way to call it that, it's starting to collapse. Right? The foundation of it. Like, what happens if you take a pyramid?
• 27:28
  What happens if you if you go to Egypt and you start removing the bottom kinda large stones that form that pyramid? Well, eventually, the whole thing just comes down. And Yeah. That's what it seems to be playing out here. But if that whole thing comes down, what does that do what does that do to the economy?
• 27:46
  What does that do to the the way of life? Because now we're not just looking at, say, a a more isolated crash. Like, say, the housing market crash in in America in 2008. Obviously, that that rippled around the world, but this seems like it's the entire financial system.
• 28:04
  Speaker 2: Right.
• 28:05
  Speaker 1: Not just some isolated system within a country that may have, again, ripples into other countries. This just seems like a thousand or, you know, a 100,000 times bigger than that.
• 28:15
  Speaker 2: Right. Yeah. So in in rigging gold and silver and running interest rates down to zero, what we had is our central planners, these these central bankers. And they meet every two months, by the way, in Switzerland at the Bank for International Settlements, the BIS, And that is where they coordinate their gold policy and their interest rate policies together. So it's a very, very opaque system.
• 28:40
  And what they did was they created a system which essentially the the reason I refer to a pyramid scheme is it requires more and more debt all the time in order to maintain an appearance of normality because it's a system instead of being a a, having a market pricing system and being a market economy. It's a centrally planned bubble economy. And so what happens with these rising interest rates is the scheme that they've developed over decades is is falling apart. And that smell that you're smelling is the smell of the bond market starting to burn. And more and more people are smelling it, and thus you see this run up in gold and silver prices.
• 29:25
  But it's not just increased demand for gold and silver that's driving the prices, but it's the collapse of a leverage system which is driving the prices. So it'll send it doubly fast upwards in gold and silver prices. But what happens in the end is that you end up with currency failure, what people refer to as as hyperinflation. But just look at it as a loss of faith in the currency, as happened in in the Weimar Republic in the nineteen early nineteen twenties. And so what you have then in the end is this is why there's this rush on to introduce these digital IDs and digital currency is the central planners, after they've collapsed the economy.
• 30:04
  Now they've got another plan for you that they need to have even more authority. Right? So the the central planners who have collapsed everything are saying, okay. Now you need to take on our digital ID and our digital currency and and let us run everything because, you know, that that was just that was just too much, that crash. Right?
• 30:20
  We gotta make sure this doesn't happen again. But this is why you're hearing this thing of, you know, these statements from, like, the World Economic Forum. You know, the prime minister of Canada is a member of the World Economic Forum, and their primary motto that they've they've pushed over the years is that, you will have nothing and you will be happy. Well, you will have nothing because they've blown this bubble and collapsed the global economy, but but I don't think you're gonna be happy.
• 30:47
  Speaker 1: Wow. Okay. So this is an interesting because I'm I'm actually I've been putting together research to do a show within the next hopefully, the next week or so, specifically on digital IDs, digital currency, looking at what's happening in China. I'm seeing a lot more coming out of China and how Yeah. You you you have to scan your vaccine passport everywhere you go.
• 31:06
  I mean, it's it's ridiculous what's happening there.
• 31:09
  Speaker 2: Social credit scoring. Right? They they Exactly. So they they actually what they do is, like, if you jaywalk in China, they've got facial recognition, software with all their surveillance cameras, and they actually ding your bank account on the spot if you if you jaywalk. So you you'll look when you get to the side of the road, you look at your, your bank account, it's actually been pulled down with the fine pulled out of it.
• 31:36
  Speaker 1: And so well, if if you look at so a lot of Kelly Starmer's recent announcements over in Canada or sorry. Not Canada. In in The UK and and England, how, like, even I think the EU announced that that, you know, for travel and coming in out of the EU, they're gonna start requiring biometric scanning and everything. So Yeah. I I've noticed Yeah.
• 31:54
  Speaker 2: The US requires it. Now they they have biometric scanning required to travel on airlines. Right?
• 31:59
  Speaker 1: Yeah. You know, though I opt out. I say, you know, I'm I'm not I'm not taking my picture, they'll
• 32:03
  Speaker 2: say, okay.
• 32:03
  Speaker 1: That's alright. Right? Most people don't know that, though. They just do it. You know, they just comply.
• 32:08
  But so I've noticed, though, in the past couple of months, a sharp rise in discussions of digital IDs and and Yeah. You know, everything we're talking about. So do you think that there's a direct correlation with them seeing how this the banking system is collapsing, the global monetary system is collapsing? They there's no way they're just gonna say, okay. You know what?
• 32:31
  This fiat currency experiment failed. You know, fiat, you know, they always die, and we're going back to, you know, a gold backed currency, commodity backed currency. There's no way that's gonna happen. Their plan is just do away with currency because they finally have the technology to introduce digital currency. Like and that that's that's their plan, is actually is to do away with the fiat currency, replace it with a CBDC, basically.
• 32:55
  Speaker 2: Right. That's the total control system that these that these people have been talking about since the eighteen hundreds. Actually, since the seventeen hundreds. There's been various groups have gotten together and had these schemes for for, you know, global government and and a global control system. So they they do it through gradualism, over time.
• 33:15
  But so what what there is is a there's a correlation, I think, between the gold and silver price rising and and the number of discussions of digital ID and digital currency because they know when this stuff starts to rip that everything's coming down. So they're getting their next system prepared. Right? But the these central planners are the authors of our demise, and they want us to give even more control to them to prevent it from happening again. Right?
• 33:42
  That'll be the statement. And and it might be a digital currency, which is in air quotes, gold back, but that's just chitchat. Right? That's not that's not gold money. That's just them saying they have some currency in it or sort of have some gold in a vault to back the the digital unit that they want you to be using, you know, running around with, you know, like a hamster hamster on a wheel.
• 34:02
  They just think we're gonna do this over and over, and I think a lot of people are saying, well, that's not a very good idea.
• 34:09
  Speaker 1: It's crazy because if I put my tinfoil hat on, and this might offend certain listeners, I think that even Bitcoin was an intelligence agency psych psychological operation. I I think that it wasn't some miraculous genius that created I I think the whole thing was to to get the public to adopt the digital currency, to get them used to the idea and and get them excited about digital currency, but also to take people that would have been normally the people that would have been, say, anti government, that would have been stacking silver and gold, to get those people to then say, wow. I'm gonna do I'm gonna do digital currency because that's the ultimate version. So I'm seeing a lot of people that are very pro freedom and everything that they're not out there talking about, you know, precious metals and land and everything like that. They're talking about putting mere money into digital currency, which, in my opinion, absolutely has a backdoor the government has access to.
• 34:59
  Of course. So wow. Incredible.
• 35:03
  Speaker 2: So yeah. And and so, I mean, stepping back to your original point there is that everybody says it's the common it's the common belief that Satoshi Nakamoto developed Bitcoin, right, through his white paper. But when if you do if you if you take the word Satoshi Satoshi Nakamoto and do a direct translation of them in a Japanese English dictionary, it means intelligence of a central origin. Wow. Right?
• 35:34
  Well and I've actually done that. And then you could do it yourself. Just take each word and just go they could, you know, use an online translation. It's so this has been visible for a very, very long time. In fact, they knew in the nineteen eighties that when they started to rig the price of gold and silver, that rigging interest rates would send the creation of currency to the absolute moon and the the creation of debt to the moon, which would lead to ultimate collapse.
• 36:03
  It's it's like it's like it's like, you know, releasing a freight train down a gentle slope that in the end goes off a cliff. Right? They knew exactly what they were doing. So this is This
• 36:14
  Speaker 1: is is all this is all part of the playbook. It's not that it's not that their financial system is collapsing and and the central bankers are in panic because people are realizing it's a Ponzi scheme. Mhmm. That's so we went from having real money, you know, that, you know, you know, you I I have a a lot of my silver is in, you know, the old coins. Right?
• 36:37
  Old, you know, nickels and and dimes and quarters and whatnot, which had silver. So you're going so they they taken us from silver and gold or real money. They then take us into introducing fiat currency. They put in the mechanisms to start suppressing the values of real money, which is precious metals, to then inflate the fiat currency system. They then, amidst that inflation process, introduce digital currency, get mass public adoption of digital currency just in time to then because they know that the paper currency, the paper markets will collapse.
• 37:11
  And that when those paper market collapse, they are there with the next step in the overall playbook, which is carefully mapped out, which is to bring in the central bank digital currency. Like, it it just the whole thing. When you look at it and you take that, like, the 100,000 foot view and say, look at the hundred year plan or say, two hundred year plan, it makes perfect sense because they if they want if their end goal is global control in my through my own research and my own opinion on this, the only way you can have global control is through technocracy. There's too many people. They're we're too far.
• 37:44
  You can't have an army patrolling the entire world using physical force. The only way to achieve it is through a a technocratic system, which is what this all represents.
• 37:56
  Speaker 2: Yeah. They're they're they're essentially bringing the cattle off the range into a very tight and narrow pen, and it's a digital pen that they're gonna use.
• 38:08
  Speaker 1: Crazy. And so that's why my mind's going to so many different places with this. And so what so looking at right now and looking at just, you know, the American, economy, and I know that, you know, you don't have a crystal ball. But if you're looking at that playbook, do you think that we would see something like let's look you know, use America as an example, that that we would start to see hyperinflation of the US dollar. We'd see the dollar, you know, truly beginning to collapse.
• 38:41
  The the same things that we see you go read, you know, when money dies. Right? Look at what happened in the Weimar Republic. That we would see this happening. America, I'm assuming that would mean kinda great depression two point o.
• 38:54
  Amidst that happening, then the government steps in and says, look. We're gonna issue these digital currencies. We've we acknowledge that the paper currency has failed. We're gonna replace it with this digital currency, get mass adoption. And before you know it, all those cattle are sitting in not even, like, a separate pen, they're sitting in, like, the warehouse aka the slaughterhouse.
• 39:16
  Is is that how you'd see it playing out?
• 39:19
  Speaker 2: I think that's the wish, but I don't think necessarily that's what's going to happen. I mean, the the whole the whole COVID fright thing, right, didn't quite go as planned, and it it really kind of fell apart in many ways. I think that that they had hoped for a gradual, approach of introducing these digital IDs and and, you know, stepwise moving everybody towards this in in the long term, but it fell apart. And I think people have got people have many people have had a belly full now that they're so damn frustrated, that they've had enough. And, I think what you're you're going to see here because because the leverage, in London is so intense in terms of the demand for the metal versus what is available, that you can have things snapping.
• 40:10
  And I I think in effect many things in many ways, it already has snapped. At the beginning of this year in London, we were seeing, like, eight week delivery for gold bars, similar weights for silver, and and we're seeing this intensifying now of this of this implied lease rate, meaning that the the shortage of the metals are getting more and more intense even as the prices are ripping now. Right? Silver's up 60% this year. And I think I think what you may see happening is that people will have I call it garbage government currency.
• 40:46
  But they will have enough of these GGCs, and they may just start taking these silver like these old constitutional money as you refer to and start and I'm seeing it where I'm living in British Columbia right now. Like, I'm hearing at the markets, people doing exchanges with using silver. Even at even at this early stage, people are starting to get it and are are opting out of the system. And so that's the question is, like, none of this stuff is decided beforehand. And, you know, these these guys with these central planning ideas, in many ways, when you see what they do, they really are flunkies.
• 41:23
  Like, they it's ridiculous what they've done.
• 41:26
  Speaker 1: In breads.
• 41:27
  Speaker 2: Yeah. Well, I I listen to Mark Barney, and it's just like the guy that he talks in word salad. It's just it's it's hysterical in a way if if it wasn't so serious to to listen to these people. Like, they mentally, they're a mess, and they're trying to justify what they're doing. And, you know, it's it's like trying to explain to a guy why, you know, why it's a good thing that he burns your house down.
• 41:52
  Right? It's a it's a damn difficult thing to explain. And, so we'll see what happens, but I think the risk in the system here the risk for the system is that you have the return to private money. And the people say, well, you know what? We've had, like, hundred and twenty five years, or a hundred and fifteen years of your of your BS central banking and and your currency games, and we're done.
• 42:21
  And, you know, that's gonna play itself out now in the in the next period of time. But the I I'll tell you that I think this can happen very, very quickly because of the leverage, as I mentioned earlier, in in the London market. Like, something can openly fail. And, the price tells us that all is not well with this promissory note system where they've got billions of ounces of claims for silver delivery, immediate delivery, and hundreds and hundreds of mill of millions of ounces of gold that have been sold into the market for immediate delivery. And that, you know, they they say leverage works both ways.
• 42:57
  Right? And and it works the fastest in reverse in this in this case.
• 43:02
  Speaker 1: So this puts a whole new perspective on the idea of owning physical gold and silver. And and even just the discussing the price of silver. Right? Because right now, you look at people saying, well, you know, it's $47 an ounce. And I'm seeing people saying, gosh.
• 43:20
  Maybe by the 2026, maybe it's gonna hit a $100 an ounce or, you know, $1.50 an ounce. And it's almost like those ideas and that concept of assigning a fiat value to silver or gold is not grounded in reality because it's almost like, if you look at the people that own silver and gold physical gold and silver, when that when this starts to really accelerate Yeah. The the only way you you can describe the price of them is is what I think Cliff Hide, you know, coins is unobtainium. I've hear I've heard him talk about it. And it's just it's that that reverse happens.
• 44:02
  And it's, really, it's those who hold gold and silver, they have it. And if you don't, you won't be able to even get it.
• 44:09
  Speaker 2: Yeah. Well, it allows you to transact, right, in a in a very difficult time. And it you know, even if you don't have the power grid on or the Internet on or, you know, your banking your bank is open, you can still transact with this stuff. And, you know, kind of as a a kind of a back view to this, Seth, is that there's 25,000,000,000 50,000,000,000 ounces of silver been mined throughout history, and 25,000,000,000 are still above ground, but they're high voltage contacts. They're chips and computers.
• 44:40
  They're silverware in people's attics. You know? There's 25,000,000,000 ounces globally of above ground silver. But the problem that they're having in these exchanges is that you need thousand ounce bars being sold from of refined bars being sold from willing sellers. And that is what is seizing up right now.
• 45:06
  And the other silver in the world beyond that that's held in, you know, by investors in these acceptable forms in the in the in vaults available to exchanges is basically inert because the price has been so low for I think the price of silver was, $6 an ounce in 2000. Right? And it it basically became irrelevant, and people forgot about it. So but what happens is as this control system in London snaps is that what you end up with is that just at the margins, this stuff starts to move. These 25,000,000,000 ounces, just a little bit of it.
• 45:51
  And in a while, more and more people say, hey. Didn't I have something in the attic? And they go up and they find it. Right? And they you know, say, the Fiat value saw the Fiat value to me is irrelevant.
• 46:00
  It is absolutely irrelevant. The key is that you have it because it's what allows you to transact when Fiat fails. So I think it's the you know, I'd be happily be buying silver today if I was looking, you know, for a place to put. So I'd be happily buying it at two or three times the price. Because when these currencies fail, the the value of this stuff goes much higher, and it allows you to transact and continue your life.
• 46:24
  But so what I see happening here is this loss of control is this monolith of 25,000,000,000 ounces. Part of it is gonna be rediscovered, and it's going to enter the market as private money. And you're gonna hear more and more people transacting. You know? You see online about, like, mechanics getting, like, two silver maples from some guy to do some work or five silver maples, whatever.
• 46:47
  But I think that's what's what what is gonna happen is that this stuff is going to start to rotate. And then all is lost for these central planning flunkies. Right? Their their dream of getting everybody with a digital ID, with a digital bank account, with a some kind of a chip stuck in some part of their body is gonna fall apart. So I think that's the key is is that the antidote to these plans of these losers is just to have physical metal in hand.
• 47:18
  Speaker 1: And that's that's interesting because when you know, my overall perspective is a great distrust of of the centralized governments and, you know, the the larger power structures. And so even for me, it's you know, we we do our best to grow our own food. And, most of our food comes, if not from our own gardens or our own chickens, it comes from the local farmers. And, you know, I I you you know, we'll we'll never walk into Walmart consistently to get my groceries every week. Right?
• 47:49
  You know, the we we have some local grocery stores that we buy from, obviously, for, you know, like, you know, cheese from France and that kind of stuff. But it's it's all about it's all about not being controlled by the centralized systems. And so I would imagine that, you know, similar to when COVID hit, I I refused to wear a mask. I'm like, I'm not wearing a mask. This is stupid.
• 48:09
  Right? And so I've I've had managers following me at Whole Foods, you know, kind of, you know, because I'd refuse to wear a mask. And I when I look at this, though, is it's, like, I'll be one of the people that says, will refuse every aspect of your digital system. And I'm gonna go back and my local farmer, I guarantee you at that stage Mhmm. For for you know, I mean, gosh.
• 48:30
  And and ounces silver might might might buy my groceries for a month. I mean, who knows what what that price discovery looks like at that point, but there's no way that I'll be entering in that system. And so it makes sense that if if enough American people and, obviously, people around the world, people in Canada, etcetera, but if enough people hold even a little bit of precious metals, that becomes one of the greatest tools to us resisting the tyrannical central bank digital currencies and and building a parallel economy outside of that.
• 49:02
  Speaker 2: Right. But it won't be well received. You know, I call them that you need another war gang, but it won't be received by these guys. Right? So but if enough people do it, they're just you'd end up with a parallel.
• 49:18
  And and I don't think like, I do think things can get upset very quickly and that, you know, there's a vanishingly small group of these individuals with these plans for us. And, you know, get in front of the herd, you're gonna end up with, a, you know, a hoof print on your forehead. Right? So I think that's I think that's what what they're trying to do is kinda usher the herd in a direction, but I think it's a very bad plan. And I think a lot of the herd is heading in different directions, which is very, very problematic for these people.
• 49:54
  Speaker 1: So what's also interesting with this is that I think it was Goldman Sachs. Let me pull up my my notes here. I had someone that because I asked, folks on Telegram and Twitter if they had any questions for me. It's a great questions that came in. But there's one that I wanted to pull up here, in particular, and this was from Jason Kelly.
• 50:14
  Said Morgan Stanley's CIO recommended that institutional investors allocate 20% of portfolio to gold. If this materializes, what impact does this have on the gold price? So that's one question. The other question is just that if you look at America, the people that are advising, the Jim Cramers or even down to your local Vanguard advisor who oversees your four zero one k Mhmm. They they never recommended holding physical silver and gold.
• 50:39
  Yet if you look at Asia, which I've spent a lot of time doing business in in Hong Kong and China and Taiwan, and I know that the the perspective or in India, there, it's it's encouraged by the government. So that it's interesting because it makes me think, why would our government never and really the institutions and the financial institutions here never recommend Americans to own silver and gold? And I guess the question to that is because, well, they want you to be beholden to the central bank digital currency when the fiat collapses, which is kind of interesting to see how that plays against the other countries, especially over over in the East. But why is it you think that now the the CIO from Morgan Stanley that they're now publicly talking about the need to hold some of your assets in physical metals. Why why that change?
• 51:28
  Speaker 2: Did they say direct holding private holding of physical metal?
• 51:33
  Speaker 1: No. You're you're right, actually. It's I I don't think it is.
• 51:37
  Speaker 2: Right. Because so they're like, oh, yeah. We have something like that for you. We can sell you something. Like, if you look at the financial industry, it was worth about and the entire financial index in 1990 was worth 800,000,000,000.0, and today it's worth about 13,000,000,000,000.
• 51:54
  Right? So they've had, like, a 14 times increase in the value of these financial companies over that period of time while the money printing was unlimited and the sequential bubbles were being blown. Right? They take their vaguer, their cut off of your holdings and your transactions. And so they they will never say buy gold and silver and hold it in your hands because they don't get a cut of that, number one.
• 52:21
  And number two, it distresses their their London game on which the entire interest rate control and bubble blowing system was based. Right? So, yeah, the key for them was they always, like, poo pooed gold and silver and had they called it a rock when it's metal. And, you know, Buffett Warren Buffett's dad was Howard Buffett was a congressman who spent his entire life fighting the Federal Reserve and advocating gold money. And his son Warren, oh, made jokes about it saying you dig it out of the ground and then you put it back in the ground again.
• 52:57
  It's that's not actually what you do. Actually, it's it's it's my if it's in the monetary system, you use it for transactions. And but the unfortunate thing is that you can't blow bubbles with gold and silver in the way that you can with fiat currency, you know, and and all the banks, they get bailed out by the Fed. In the end, they get gambling insurance. Right?
• 53:20
  So all these guys, including Warren Buffett, poo poo this stuff. This they they they they try and and and make a joke out of it. But it it is the it is the the fire suppressant to their system. Right? Their system of unlimited leverage and unlimited bubble blowing and unlimited bailouts for the gamblers along the way.
• 53:40
  So they're only making money in one direction. Right? And they're always making money. And when they lose, then you get quantitative easing, the Fed buys their assets at a 100¢ on the dollar in the middle of a crisis. Right?
• 53:53
  It's a it's a it's a hell of a setup. So, yeah, they will never advocate you own and hold physical silver, you know, by private devices because that blows their system up. But they will have an ETF for you.
• 54:10
  Speaker 1: So is that when when you go into your Morgan Stanley financial adviser, he goes, oh, yeah. Absolutely. We should put 20% of your portfolio into gold. Like, what's that mean?
• 54:19
  Speaker 2: Right.
• 54:19
  Speaker 1: They're gonna move it into gold ETFs and and things that
• 54:22
  Speaker 2: they're gonna Gold miner ETF. Right? Well, let let's diversify your holdings in gold to make sure you're safe. Blah blah blah. But meanwhile, you're in a system where the roof is on fire.
• 54:31
  Right? The entire financial system is is going to be disrupted.
• 54:35
  Speaker 1: I see. And so what I mean, obviously, at a certain point when this starts to really break, the the fiat currency measuring stick that would be used to to say, okay. Hey. Silver is at, you know, $50 an ounce or a $100,100 bucks an ounce. Like, it becomes more and more irrelevant.
• 54:58
  But up until like, up until that point, what do you what do you and I don't see, again, you don't have a crystal ball, but what do you think we could see gold and silver climb to before there's some sort of massive shift in the entire system? Well,
• 55:17
  Speaker 2: it depends how you measure it. Right? You're you're trying to measure it through these you know, through the London market and through the the commodity market, the COMEX market in in New York and Chicago. But what happens when the leverage scheme it basically, it's like a wheel coming off a wagon. Right?
• 55:34
  The wagon stops. And I think what you're going to get is a is an ignoring of the market signals by the general populace and that it gets basically valued on a local level. Sounds crazy. But it's like, well, how many pounds of potatoes or you know, can I get a new set of new tires for for an ounce or two of silver? Right?
• 56:02
  It's it's going to come down to individual discretion. And there there will be pricing mechanisms. There'll be online, I'm sure, digital pricing mechanisms that will be set up as well. But, I mean, all of this is not going to be allowed to happen kind of smoothly as it could if individuals were sort of going to take over control of their lives again. And I think the intervention is, as it always is, is war.
• 56:31
  And that's why you see this arrangement of war being, you know, underway. I mean, it's why you heard Trump there last week call Russia a paper tiger. It's like head explodes. Like, are you out of your mind? Right?
• 56:48
  They are anything but that. But the whole talk about giving Tomahawk missiles to the Ukraine and and basically starting a hot war between The US and Russia is is insane. But that's what's being arranged because it's it's kinda one of their last tools. And then you say, well, the gold market broke down due to Russia. Right?
• 57:13
  Speaker 1: I see. I see. And so how does that tool of war, which has been the same tool that they've used since the beginning of history. Right? Whether they wanna redraw the boundaries of countries or, overthrow leaders, whatever it is.
• 57:29
  It's it's it's always been a tool that they've used to reset currencies. How how would that so say World War three, you know, pops off, how would that be used as a tool beneficial to the central planners in terms of of the banking, system?
• 57:46
  Speaker 2: Well, it it's it's an old tool. There was actually a very good interview posted online yesterday on redacted. And it's it's an interview with, colonel Watkins. She's a former CIA, operative. And it was about the use of the strategy of tension to control people, that you create these crises to kind of move the herd, right?
• 58:11
  You're trying to control the herd. You keep them in a mindset of fear because it kind of otherwise, humanity kinda flows and finds their own path. Right? But if you create an atmosphere of terror, they kind of crystallize into a mass that you can then move. And I really recommend that you and your listeners listen to this interview on Redact.
• 58:30
  I think it was from it was from yesterday. It it's with colonel Watkins, and and she talks about the CIA intel blueprint of how they've been used over the over the ages to create fear and terror even in order to control the masses. So I think just what the the goal is is that, you know, you bring the system down, you create absolute chaos and war. You can see how much The UK has been pushing all along for war with Russia. Right?
• 59:00
  It's just absolutely insane listening to this starmer dude. Guys, literally out of his mind, it's like, you crazy? Like, every I I just can't stand listening to him. There's a solution for everything is war with Russia. But the worrying thing now is seeing it start to spread to The US, that kind of insanity.
• 59:18
  But I I think it's just it's just what they do. And and because they're you know, they they they they lack normal human concern for their fellow man. They're willing to do these types of things. But it's just basically create a crisis to try to reshape the new system and control the masses, pass on the fault while the system collapses, and get the the next one ready for them. But this is just right off the deep end, and it's not a good plan.
• 59:45
  And even seeing Trump's reception by his generals yesterday was really amazing to watch in terms of the skepticism being shown by these, you know, the most senior leaders of the military. There's over 500 of them allegedly in the room. But, you know, hearing a guy say that Russia is a paper tower a paper tiger. Pardon me. Paper tower is the bond market.
• 1:00:12
  But, yeah, to hear that hear him say that Russia's a paper tiger, it's inviting trouble, and it's showing ignorance on such a massive scale that you quickly lose moral authority for the people that you rely on who are in the know. Right? So but the the goal is crisis and move the herd in the direction that you want to move them. But the crisis that they're talking about is one that burns, know, a huge part of the earth up.
• 1:00:41
  Speaker 1: So I think that I mean, really, what we're what we're seeing play out is that it's it's the great reset.
• 1:00:48
  Speaker 2: Yeah. Right? It's and and Exactly.
• 1:00:50
  Speaker 1: I think that it's it's easy to think, you know, especially as you're learning with the great reset and you, you know, read Klaus Schwab's books and everything, you think, oh, they're causing the great reset. But actually, I think it's much bigger than that. I think it's, you know, like, I I a big fan of Martin Armstrong's work and looking at cycles. And I think that what's happened is that there's a just we're we're entering into a a massive collapse cycle. And I think that the the central planners have known that.
• 1:01:16
  And whether you could say that they caused it or not, we're heading into that. And they're trying they're trying their best to to gain control amidst it. That's also what happens with chaos. Right? Is that if you look at what happens with the civil war, like, look at the Spanish civil war, civil wars are not something where you have the good guys win and they have peace for a long time.
• 1:01:35
  It's typically when dictators arise, when military coups happen, and when there's great loss of freedoms after that because that instability creates a vacuum that is typically filled by people who want power and control at whatever cost it takes.
• 1:01:52
  Speaker 2: Yeah. I mean, the thing that I think that Martin Armstrong is missing is that these cycles are are being caused by central planning and via the devices that are created and and implemented by these central planners. So nineteen eighty seven stock crash, I mean, there was already tremendous leverage in the system. And then what they did was they blew the biggest the biggest bubble of all of all time by totally rigging the credit markets and the gold and silver markets, and they knew it would crash in the end. And it was a willing device created and utilized by the central planners, you know, with foreknowledge.
• 1:02:30
  So here we are. There's no surprise behind this. It's not a mark what they call capitalisms should be a market economy, but we have a system here, which is a market economy, which is controlled by a bunch of central planners, and and they call it capitalism. And they are deliberately collapsing this entire thing in order to make a new system that they like more, which is one that gives them even more control over humanity.
• 1:02:57
  Speaker 1: Yeah. I think you nailed it with that. And so I think it's just it's key for everyone listening just to reflect on this conversation and think where they stand in this. Because, you know, if you look at there is this idea that a lot of people had that, okay, Trump's gonna get back in, and he's gonna he's gonna defeat the deep state. He's gonna collapse this global cabal.
• 1:03:20
  He's got they're gonna take us back to a gold standard. And and I I think that what you've what I've seen play out is that he seems to be, in many ways controlled by the same masters as all the other political leaders. I think that he's done some great things for the country. But if you look at the bigger picture of this, this is still coming. And, actually, if you look at the, again, the integration of AI, you look at all things, you look at Palantir and all this that's happening under Trump.
• 1:03:49
  Yep. I I'm I'm concerned. And not to mention the war. Right? You know, kinda him allowing, I think, know, getting permission for Ukraine to start firing these missiles into Russia.
• 1:04:00
  You're gonna call Russia a paper tiger. It just seems that whatever his intentions are, he's still being used to take us down the same path that the central planners have intended for us.
• 1:04:12
  Speaker 2: Yeah. He's yeah. I think he's doing what he's being told. And I think that's a sad commentary, but it's political reality. Right?
• 1:04:19
  It's just what was it? F FDR said that anything that happens in politics is planned. You can be certain that it's planned. Right? It was planned that way.
• 1:04:31
  And so everything that Trump is doing, like, can say one thing during the election. It was you know, you remember the lock her up thing with Hillary Clinton? And and his his people are shouting it after the election. He goes, oh, no. No.
• 1:04:42
  We're not gonna do that. He said that's that's election talk. Right? So what what Trump is doing right now is that he's he's following an implementation strategy. And that's what's happening, unfortunately, is that these things and the talk of war, you know, a kinda lackadaisical talk about war and Russia being a paper tiger and, you know, giving 2,000 you know, sorry, 1,500 mile missiles to the to the Ukrainians to shoot into Russia.
• 1:05:15
  I mean, it's absolute insanity. And, unfortunately, like, no one's come you've heard this before. No one's coming to save you, and that's the truth, is that people have to understand that these guys' idea of the next thing is to bring the house down. And, you can opt out of it by getting your own plan together and becoming your own central bank, as they say, by buying gold and silver.
• 1:05:41
  Speaker 1: Yeah. I I couldn't agree more. I I think that there's never been a more important time just to be prepared, not just financially, but also just food, resources, you know, having solar backups. You you know, I'm I'm just finishing up I've got a book coming out called Prep Like Noah, which is it's it's all about this. Right?
• 1:06:01
  It's about becoming really self reliant, right, across banking, food, everything. Mhmm. Building local communities. I think that's the way forward, actually, is is that we will never be saved from the top down. We're saved from the bottom up, which means it's on it's on us.
• 1:06:16
  Right? That's that's a hard reality.
• 1:06:17
  Speaker 2: Right? In a community of good people. Right? You ain't doing it yourself.
• 1:06:21
  Speaker 1: Yeah. Exactly. Exactly. So as we're as we're rounding out, David well, first off, I want I want you to tell us where we can find your information, your your substack, and anything else you'd recommend for people to follow of yours.
• 1:06:35
  Speaker 2: Sure. Jensen excuse me. Jensen David. So j e n s e n, David, one word, dot substack dot com. I I focus as primarily not exclusively, but primarily on what's going on in the bond market and the and the precious metals market because they're so intimately related.
• 1:06:54
  But this stuff is live right now, and massive changes are happening on a daily basis. So I invite everybody to come into my Substack. It for people, it's a I'm a voluntarist, so the entire thing is free. And people, if they wanna chip in something on a voluntary basis, go ahead. But my biggest concern is that people have a look at this stuff and are able to digest it.
• 1:07:16
  So and and the result of it, I I've put thirty thousand hours now over over the last little over twenty years into studying this market. So what you're reading there is it's it's a distillation of a lot of reading and a lot of thinking. So I hope people find it helpful, Seth.
• 1:07:33
  Speaker 1: Perfect. And that's that's also why I do these interviews is because I get to I get to, you know, represent the person that doesn't know as much. I get to ask the questions to the people like you that, hopefully help translate some of this information so that that can be shared and and viewed and everything. One actually, one other question I did have for you, I know, again, as I've mentioned, I know you have no crystal ball, but in terms of the timing of some of these things happening, some of these systems breaking down and and, you know, seeing things rapidly sort of change in our way of life. What what is your gut on that?
• 1:08:10
  Speaker 2: Well, I mean, it's see, these human systems are natural systems, and they operate as something that's called criticality theory. And you can look at it like a a pile of sand, and you add one grain at a time until the the angle reaches the critical angle and it slides down. Right? Or or an avalanche in a in the high mountain that the snow builds up and the conditions change to the point where just a shout sets off an avalanche. So nobody knows the exact time that it's happening, but I can see this is all set up on a on a criticality basis.
• 1:08:41
  These and ultimately, are these are natural systems that have been fraudulently inter intervened with. And and so the system is set up to fail, and it can fail very, very quickly. There's smoke coming out of the bond market now, and and we've talked about the complete and utter ridiculous imbalance between the scale of global debt and of of gold and silver assets available to market. And the other thing is that there there's that leverage. And then within the London market, there's another leverage of hundreds to one in terms of claims versus assets.
• 1:09:19
  So if there's so there's such crazy leverage in the system and the movement, the tide has turned against these guys. So it's in play right now. If you were to tell me that there was gonna be a market failure and a disruption of the metals market next week, I wouldn't be surprised. If you told me there was gonna be one in the spring of next year, I wouldn't be surprised. I don't know.
• 1:09:42
  Nobody knows the exact timing. But we can see how completely unstable the system is and that the tide has turned against these, you know, market interveners. And it's in the process of of failing. And the fact that you can smell the smoke from the bond market should make everybody's hair on the back of their neck stand up and start to make a plan B in terms of both of assets and of forming communities and pulling people together with the right assets to weather the the unwind of this of this system. So and the other thing to remember is that, you know, people have a sovereign, a personal vote in what they do.
• 1:10:26
  And not everything that comes from the government and from the central planners is is dictate in terms of, you know, do this because we told you to do it. Right? These guys have placed themselves in those positions to implement a scheme of an enormously tiny subset of people in the world's population. And I think a lot of people are going to say no. I think a lot of people already see it and are are basically voting with their feet on the system.
• 1:11:00
  So but in terms of timing, nobody knows it, but it is extraordinarily unstable. And the fact that we're seeing these leaps in the pricing of these metals in the market indicates that the that the setting of the price using these promissory notes is coming to an end. And as I say, leverage dictates that it can fail very, very quickly.
• 1:11:23
  Speaker 1: Actually, what might be my final question, I think that sometimes and I think of other ones, but you mentioned the setting of the prices based upon the paper contracts. If if the LBMA didn't exist, right, if all the paper contracts disappeared, what do you what do you think the actual price, like, realistic price of silver and gold would be without that manipulation?
• 1:11:48
  Speaker 2: Well, it's a tough question because if it didn't exist, you wouldn't have $320,000,000,000,000 of debt globally, and you wouldn't have these insane stock stock market valuations. Right? So, you know, it would relate back to some normative level in terms of the global supply of money. You know, M2 in The States is somewhere a little over $20,000,000,000,000. The it's it's so difficult, Seth.
• 1:12:25
  I mean, you're looking at leveraged and and bloated monetary units that have been created, but, you know, maybe maybe five times higher than it is now in terms of just the gross if you've got 20 all the world's gold stock is a little over $20,000,000,000,000 of all the gold that's ever been mined. And just in The US alone, there's you know, m two is is a little bit over $20,000,000,000,000, but then there's the rest of the people in the world. Gold is both a unit of savings and a unit of exchange. Right? So I'd say, like, maybe five times what it is now if everything was stable, but it's not stable.
• 1:13:05
  And and we're at the tail end now of of decades of of bubble blowing and intervention. And I think where this goes in the end is it just becomes unobtainable for fiat because the fiat is visibly becomes a joke. And digital will be offered, but I think that a huge portion of the population is is going to reject that, and that's going to be a problem.
• 1:13:32
  Speaker 1: I see that playing out too. I agree. And I think also, especially with the, COVID, I think a lot of people woke up during COVID. And as much as they wanted it to be a tool or a mechanism they could use to create more compliance with a certain population. Obviously, it did create more compliance.
• 1:13:51
  But I think for a lot of people, it took them away from being compliant into now becoming rebellious towards the system, which is good.
• 1:13:57
  Speaker 2: It lifted the veil. Right?
• 1:13:58
  Speaker 1: Yeah. It does. It gives me hope. It gives me hope. Well, David, thank you again for giving me your time.
• 1:14:05
  I look forward to have this conversation again. I I we'll probably be doing these shows a little more, at more common more often intervals considering how quickly things are accelerating. I appreciate what you're doing and the wisdom that you've put out there for the people to access. It's very important.
• 1:14:20
  Speaker 2: Great. Thanks. Thanks for your time, Seth. It's it was a good chat.
• 1:14:23
  Speaker 1: Absolutely. Thank you, and take care, David. I hope that you enjoyed that discussion as much as I did. I know it's heavy. I know that it's not easy to wrap your head around.
• 1:14:34
  I tried my best as I always do to ask the questions that you might be thinking in your head, and not try to be you know, try to match his expertise and make myself sound like an expert, because I'm not. I'm just a guy who asks a lot of questions. So, hopefully, the questions that I asked helped you with understanding the situation. I do recommend you check out his blog if you wanna learn more. I also recommend if you want more information on this to check out the interview I I did with him before, which will be, posted in the, comments where he explains the the LBMA mechanism and everything surrounding that.
• 1:15:11
  But I I do believe, like, in my soul that this event is coming. And when I say the event, I mean, you you could say it's a great reset, whatever it is. But I I do think that we're nearing the we're nearing the end of this current cycle of civilization, and we're moving into a time where we're going to see a massive increase in government overreach, a massive increase in a technocratic control system being forced upon us. But I also think that in parallel to that, we're gonna see breakaway civilizations, parallel economies, because there's a lot of people. I think a lot of people that will refuse to comply with this, that will refuse to buy into this system, especially here in America where we've got that kind of rebellion against tyranny in the DNA of our country and our constitution and our second amendment and everything.
• 1:16:10
  So I do hope that you're prepared. And I'm not trying to I'm not trying to scare you. I don't wanna be a fearmonger, but these are the same conversations I'll have with my own family, with my own mother, and say, mom, you gotta listen to this. This is what's going on. You better act.
• 1:16:24
  So if you don't feel prepared in any way, don't get all stressed out about it. Don't get into a place where you're full of fear. We should never act out of fear. Be rational, but look at the steps. What do you need to do?
• 1:16:37
  Do you need to have you been considering moving out of a big city and getting some land in the country? Now is the time to do it. Have you been thinking about, you know, finally taking being prepared more seriously, starting to, you know, allocate some of your budget towards, you know, canned food or, you know, some of the things that you could put away to protect your family, water filters, all that stuff, I highly recommend it. As I mentioned in the interview, I've got the book Prep Like Noah coming out. I've been spending a lot of time.
• 1:17:04
  It's actually been a little bit of a blessing in disguise having the studio down because I've been able to put a lot of time into the book. So I'm hoping to make some big announcements about that soon. Also, I've got the community that we're building. There's something I'll I'll mention as well is that so we're launching an ARC community. So based upon the whole prep like Noah theme, we're launching a community called the ARC community.
• 1:17:27
  You you can find it at buildthearc.com. It's not open to the public yet. We're still maybe maybe a couple weeks away from having it finished and opening the doors. But the idea is we're building an online community of all the people that have the same perspective that I do and that you probably do as well. People that see what's coming, want to be prepared, want to form relationships that matter.
• 1:17:52
  So the idea of having an online community is that you can build offline relationships. So that if one day the grid goes down, you've you've already built a powerful local community. And that's that's a lot of the story behind the art community is when I went back to Ohio, early in COVID, moved out in the middle of nowhere in the country. It was great. We're prepared.
• 1:18:11
  We had so much food and ammo and chickens, but we had no community. And I didn't know how to find community. That was the hard part. I tried talking to my neighbors. I tried talking to other local people.
• 1:18:20
  I couldn't find the community I was looking for, and that's a lot of why we we're building the art community is to allow you to meet the people around the world, but also meet the people in your own neighborhood that share your same values that say, hey. I wanna team up with you. Okay? Hey. I know gardens.
• 1:18:38
  You know animals. You're a doctor. How can we team up and take care of each other? So that's the that's the point of the ARC community. So if you want to learn more about that, if you wanna get onto a list, so when we start opening up the public, we'll do it in batches.
• 1:18:51
  If you wanna sign up to be on one of the earlier batches to join the community and learn more about it, just go to buildthearc. That's arc with ak. So buildthearc.com and put in your name and your email address. And that way, you'll be notified as soon as it opens. I think it's one of most important things I'll be doing with the platform I've I've gained with the podcast is building this community of helping people.
• 1:19:13
  The other thing I will say as it relates to precious metals, if you still have the majority of our assets sitting in the stock market, your bank account, you know, sitting in things that are that are tied to this fiat currency that we talked about, Look. I'm not a financial adviser, so do your own research. I can't get a disclaimer, but my own personal advice is I highly, highly recommend you have at least some of your assets in precious metals. Does that be all of it? Even if it's just 10% of your portfolio, you move into that.
• 1:19:48
  They're already recommending publicly 20%. My personal my personal perspective is, you know, 95%. Right? And that's where I'm at too. I've I own I bought a little mining stock lately, but everything else is just in hard metals.
• 1:20:03
  Because I I absolutely agree with what David's talking about is that that's the key, that that's how you stay outside the system. If you think that your $100,000 sitting in your four zero one k in the stock exchange after this shift happens, that that's gonna save you from, you know, exiting the system or it's gonna lie to exit the system. No. It's gonna be converted into digital tokens, and you're gonna be controlled through that money. Right?
• 1:20:27
  And again, this I'm not I'm I'm not a prophet here, but this is what if you look at the playbook, that's what happens. But the the silver that you hold in your hand or the silver you've got vaulted securely because you did a four zero one k or, you know, transfer that you can get you can demand delivery as soon as it makes sense, that to me is the ticket. So if you have someone that you know that you can buy from, great. I look. I used to work in the precious metals and jewelry industry.
• 1:20:53
  There's a lot of fake stuff out there. Be extremely wary of coin shops and pawn shops. There's a lot of very, very good fake stuff out there. I mean, eve even gold bars that have a thick layer of gold over top of a a metal like tungsten or something like that. So it has the same weight.
• 1:21:11
  If you test the surface, it's gold, but it's not actual real. It it's not fully real. So be very, very cautious. If if you are looking for someone that you can trust, I personally use and recommend Noble Gold. Colin Plum is a CEO.
• 1:21:27
  He's a good friend of mine. I know him. I trust him. Their pricing is fair. Don't look for bargains on gold and silver because it's gonna be fake.
• 1:21:34
  That's that's just the reality of it. It's a commodity. You look for someone who's fair. Noble Golden, they are fair. You you can see you can call them up and get delivery to your doorstep.
• 1:21:45
  They will ship you in a secure private package, silver, gold, whatever you want, however whatever form you want it, whether you want it in bullion or, you rounds or coins or whatever. But, also, they are the absolute best in the industry when it comes to IRA and four zero one k transfers. So if you've got a good chunk of your money sitting in a four zero one k and you're not ready to be hit with the fees you get from pulling it out and moving it into gold and silver, There's very creative things that can be done to allow you to transfer those assets out of, say, bonds or stocks into physical gold and silver that you own, but they that are held by a third party So that way, you can avoid all those fees. And then if things start heating up and you get a little nervous, then you can pull you can have them delivered to you. You'll pay a fee then for pulling that asset out of your four zero one k.
• 1:22:34
  However, it allows you to get yourself out of the stock market, out of the bond market, and into physical bars that you or in coins that you own that you can go inspect. You can have a segregated vault storage. You can literally go, and you can look at the exact bars that you own. And so if if you wanna explore that you wanna get it just delivered directly to you, go to goldwithseth.com. That URL is also in the description, or just call (877) 646-5347 and talk to their team directly.
• 1:23:06
  They're all based in America. They're good people. They are not hard salespeople. There's they'll answer your questions politely, whatever questions you have. So again, it's goldwithseth.com or (877) 646-5347.
• 1:23:20
  And finally, if you enjoyed this show, please do me a favor and share it with somebody. As you can see in this, the more people we can get on board with this, the more people in America that own even a little bit of silver or a little bit of gold tucked away somewhere, this is how we can really fight back against this system. So I'd really appreciate if you shared this if you enjoyed it. Alright. Thank you again.
• 1:23:45
  Take care, and god bless.