Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 $50K Silver 🚨 IS THIS REAL -- (Silver Price Forecast John Exter)

Transcript

🚨 $50K Silver 🚨 IS THIS REAL -- (Silver Price Forecast John Exter) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  I had a fascinating conversation with, We'll call him Mr. T
• 0:04
  today. He was educated in economics at
• 0:07
  one of the top universities in the whole wide world.
• 0:12
  He talked to me about a silver price which knocked my socks
• 0:16
  off. You think the 50K silver price
• 0:19
  in the thumbnail? Well, let me tell you the actual
• 0:22
  price that he mentioned, right? The back, all the all the money,
• 0:26
  all the derivatives in the world with silver is absolutely
• 0:31
  stunning. Hey, I appreciate you being here
• 0:33
  with me today. It's a big deal when you join me
• 0:36
  in the basement. This is a little experiment on a
• 0:39
  new platform where I can share screens with you and also
• 0:44
  eventually have live guests. Join me here in the basement.
• 0:48
  Can everybody see me and hear me?
• 0:50
  No crackling. Coffee.
• 0:53
  OK. If you guys can.
• 0:54
  OK. Thank you, Jake.
• 0:56
  Thanks, guys. I feel like I'm flying an
• 0:58
  airplane for the first time. I'm just being honest with you,
• 1:00
  but this is interesting. Let's pull this up, see if I can
• 1:04
  do this. All right.
• 1:06
  There we go. Can you guys see that?
• 1:08
  That is Exter's Pyramid. All right, let's talk about this
• 1:13
  because if you had the conversation that I had earlier,
• 1:18
  it was absolutely stunning. OK.
• 1:21
  When we look at Extras Pyramid, this one, right, gold and silver
• 1:26
  are the base of all money. Who was Exter?
• 1:29
  John Exter was worked for the New York Federal Reserve.
• 1:33
  He just died in the year 2006. He was a big proponent of silver
• 1:37
  and gold as real money. But the key here, as you look at
• 1:41
  that on the screen because you can do that now, is to realize
• 1:46
  that everything at the top, OK, everything at the at the above.
• 1:50
  Gold and silver, gold and silver are the base of the entire
• 1:55
  monetary system. Base money, bank money,
• 1:58
  government bonds, corporate bonds, non monetary commodities,
• 2:02
  derivatives, even crypto currencies guys, all of it.
• 2:06
  I want you to think about something.
• 2:08
  Everything above silver and gold is based on confidence, right?
• 2:14
  Everything above silver and gold is synthetic, not real
• 2:19
  Keynesian. I learned that this morning,
• 2:22
  right? Keynesian economics verse,
• 2:25
  Austrian economics. Keynesian are the ones who like
• 2:28
  to create all the debt. The the fractional reserve
• 2:32
  banking system where you give your bank $100 and they create
• 2:37
  another $90.00 in loans and then they create another.
• 2:41
  You know they only reserve 10%. Everything above silver and gold
• 2:45
  is make believe synthetic. Sometimes we like to call it
• 2:49
  Unicorn fart dust, but whatever we want to call it, it's all
• 2:53
  fake, OK? And when you add it all together
• 2:57
  and you look at and people like Rafi Farber, Lynette Zhang, VIX,
• 3:02
  Weir have done calculations, right, The gentleman I talked to
• 3:06
  this morning, Mr. T All right, I'm going to let him remain
• 3:09
  anonymous. He calculated silver, believe it
• 3:12
  or not, at $217,000 per oz. All right, and let's let's,
• 3:20
  let's put that in perspective. That's an outrageous, crazy
• 3:23
  number for us to hear, right? We talk about $60.00 silver and
• 3:27
  we get ourselves in trouble. But that's if you take the value
• 3:30
  of all that, elect all that electronic, all that make
• 3:33
  believe all that debt and divide it by the known amount of silver
• 3:38
  above the ground. Now think about this as well,
• 3:41
  because I think it's important that we realize, we remember
• 3:44
  that we don't need the entire system, that entire system,
• 3:48
  right? All that make believe resting on
• 3:51
  that core of silver and gold, right?
• 3:54
  We don't need that whole thing to fall apart.
• 3:57
  Even if there's a slight movement in that direction that
• 4:00
  could move a ton of money into the precious metal sector,
• 4:05
  right? And we talk about that all the
• 4:07
  time. There's so much government debt,
• 4:10
  there's so much corporate debt, there's so much household debt
• 4:13
  that even just and all of that is based on all that, all that
• 4:18
  that's resting on silver and gold.
• 4:19
  It's all based on counterparty risk.
• 4:23
  It's based on confidence. Now maybe let's just put a
• 4:27
  couple things together here. Maybe.
• 4:28
  Does that explain why like what we like to say that the Federal
• 4:32
  Reserve has become less of a bank and more of a public
• 4:36
  relations firm? Doesn't that make sense?
• 4:39
  Because they have to continue to instill that confidence in all
• 4:44
  of that? Make believe that's above it.
• 4:46
  What's real interesting about this particular extras pyramid
• 4:51
  chart is at the very top. It has crypto currencies listed
• 4:55
  now because that's a new and somebody brought up the point
• 4:57
  I'm not anti crypto. I'm not saying anything bad
• 5:01
  about a crypto or Bitcoin or anything else.
• 5:03
  However, it's interesting to think that did did the powers
• 5:08
  that be create crypto, create Bitcoin as a diversion away from
• 5:14
  gold and silver? Was that the icing on top?
• 5:17
  And this person that pointed that out to me also brought up
• 5:21
  the idea that possibly that's why we don't know where crypto
• 5:25
  really came from, because we don't really know where crypto
• 5:28
  came from. We don't know who invented
• 5:29
  Bitcoin. I think there's some ideas,
• 5:32
  Satoshi, whatever. None the less, when we look at
• 5:35
  this, it's absolutely crazy. And again, this, I almost held
• 5:39
  it up, that chart on your screen, that was developed by
• 5:43
  someone who worked at the New York Federal Reserve, John
• 5:47
  Exter. And he only died like, what, 18
• 5:51
  years ago in 2006. Make sure I didn't miss anything
• 5:54
  on there. Not really.
• 5:56
  No. I mean, my friend, my new
• 5:59
  friend, Mr. T, very smart guy, one of the top universities in
• 6:04
  the world, OK, he brought up a very interesting point.
• 6:09
  Think about this. He said you can ignore reality.
• 6:13
  OK, But you cannot ignore the consequences of ignoring
• 6:18
  reality. We talked about billions.
• 6:21
  He also brought this up. And I'm going to give him
• 6:23
  credit. Mr. I'm calling him Mr. T for
• 6:25
  now until he allows me to divulge more information about
• 6:28
  him. But we were talking about these
• 6:30
  trillions. I mean this.
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  That's trillions and trillions of dollars.
• 6:34
  What you're looking at on your screen.
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  All that and it's all make believe.
• 6:39
  OK? Trillions and trillions.
• 6:40
  The government debt alone is 34 trillion.
• 6:44
  OK, A trillion is 1,000,000 * 1,000,000, OK, a billion, he
• 6:50
  said. Just to put it into perspective,
• 6:52
  a billion seconds ago, a billion seconds ago it was 1959.
• 6:59
  So we're dealing with some crazy big numbers, which explains to
• 7:03
  us why, if all that were to collapse, right, if we went back
• 7:07
  to a pure, I guess you would say Austrian system.
• 7:10
  Everything went back to gold and silver.
• 7:12
  Yeah, we could see $50,000 silver, $60,000 silver.
• 7:16
  I don't know particular what the numbers are that people like
• 7:18
  Rafi Barber have thrown out there.
• 7:21
  Lynette Zhang, Bix, we're. I respect all of them and I
• 7:24
  don't want to put words in their mouth, but it makes sense.
• 7:27
  But I want to. I want to throw out the idea
• 7:29
  that it doesn't even necessarily take the whole system falling
• 7:34
  apart for a lot of money, a lot of flow to go back into the
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  precious metals. Just a little, a little bit of
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  that, a little bit of loss of confidence.
• 7:46
  And remember, basement dwellers, the first, the three letters and
• 7:49
  confidence are con, which might explain why our Federal Reserve
• 7:55
  has become more of a public relations firm than an actual
• 7:59
  bank. Let's hit on a couple other
• 8:01
  things that are going on right now.
• 8:02
  Big, big deals. A lot of people are talking
• 8:05
  about the dollar. OK.
• 8:06
  The dollars, you know, going up, going down, whatever the case
• 8:09
  may be. The DXY index as it as it
• 8:13
  relates to this. Let me see if I can get back to
• 8:15
  being on the full screen. There you go.
• 8:18
  I know you were. I know.
• 8:19
  I'm. I'm sorry.
• 8:20
  I have to torture you now. I'm back on the full screen,
• 8:23
  guys. As we think about this extras
• 8:25
  pyramid, we think about this loss of confidence.
• 8:27
  The Dxy index means nothing, The dollar strength that you hear so
• 8:32
  much from all of the mainstream media because again, that is
• 8:36
  just comparing the dollar to a bunch of other credit
• 8:40
  currencies. What we're concerned about is
• 8:42
  real value. Half of that extras pyramid
• 8:45
  could collapse. OK.
• 8:49
  And and and the euro and the yen and the dollar could all fall in
• 8:54
  value simultaneously and the DXY index could remain roughly where
• 8:59
  it is right now. People say, well, the dollar is
• 9:01
  still strong, the dollar is, you know, whatever.
• 9:03
  What we're really concerned about is real, real value.
• 9:07
  OK, I got to show you this one one more time.
• 9:11
  This was yesterday. Don't forget we're dealing with
• 9:14
  this guy's the Gold Cup and handle as that extras pyramid
• 9:19
  starts to starts then run into some problems.
• 9:23
  OK and and Mr. T said this morning he said there's he
• 9:27
  thinks there's a war between Austrian and Keynesian economics
• 9:31
  and while I kind of knew what both of them stood for again
• 9:34
  Keynesian is fractional reserve banking.
• 9:38
  Keynesian is Dexter's pyramid. All this a make believe that
• 9:44
  derivatives built upon this small base.
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  The Austrian School of Economics is more based on the solid base
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  of real money. That's the way he explained it
• 9:53
  to me and that there's a war going on right now.
• 9:56
  And I and he said, does that make sense to him?
• 9:57
  Like, yeah, it feels like it, right?
• 9:59
  We know we won't go down that path, but what's going on with
• 10:04
  the with the bricks, right? OK, I know you're dying for me
• 10:07
  to say the bricks, the fastest guy who can say all ten of the
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  BRICS countries on the Internet, Brazil, Russia, India, China,
• 10:13
  South Africa, Iran, Saudi Arabia, Egypt, Ethiopia and the
• 10:17
  United Arab Emirates. Yes, there is a war between real
• 10:22
  money and fake money. And you know, in the end, if
• 10:26
  history is any guide for us, who is going to win?
• 10:30
  And that is when, as we look at the cup and handle, that one's
• 10:34
  in gold, right? Right, 2011, $2000, two thousand
• 10:39
  $22,000 We broke. Above we broke and as we talked
• 10:45
  about earlier this morning, 14 weeks right, we've closed above
• 10:49
  $2000. November the 1st Monthly close
• 10:53
  above $2000 in the Hey snake bite.
• 10:58
  This is my new experiment. It's going to get better.
• 11:01
  I'm going to have more pictures and we're going to be able to
• 11:03
  have people on here live, right? Because look, look, watch.
• 11:09
  Did that work? No, I don't think that worked
• 11:11
  anyway. I'll be able to have people on
• 11:14
  as guests. People like Pat Holland, people
• 11:16
  like, you know, President Joe Biden, maybe even Jerome Powell
• 11:21
  himself will join me for a live stream.
• 11:25
  Look, these are my favorite charts.
• 11:28
  I pulled them up. So I wanted to talk about them
• 11:29
  today briefly here. Next time I'll have all these
• 11:35
  loaded in. OK, there's your friend.
• 11:38
  Guys, that's the silver to gold ratio.
• 11:42
  All right, This is, this is, this is where we are right now,
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  around 90. As you can see, we've barely
• 11:50
  ever been above that. I think this chart is over.
• 11:54
  Yeah. 50 years, OK, We're barely ever.
• 11:58
  Have we been above 90? OK, this is about the average
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  60, right. So when gold continues upward
• 12:07
  and as that silver to gold ratio comes back just to the average
• 12:12
  that it's been silver price through the moon.
• 12:16
  What else? Right.
• 12:17
  So yeah, is the Keynesian. I'm sorry, the John extras
• 12:21
  pyramid. We don't need the whole pyramid
• 12:23
  to collapse. We just need a couple of the
• 12:25
  bricks to fall out of the pyramid.
• 12:28
  Wasn't that funny? Bricks.
• 12:29
  Couple of the bricks get it, fall out of the pyramid and
• 12:33
  that's going to start a a movement of money down to the
• 12:37
  bottom. The smart people will do it
• 12:39
  first, right? We've already been there.
• 12:41
  We already got on the silver and gold lifeboat, but the smart
• 12:44
  money will get there 1st. And it's just going to take a
• 12:48
  little bit because as we've talked about ad nauseam,
• 12:51
  especially when it comes to silver, gold's going to take
• 12:54
  off, silver's going to lag. The silver market is so tiny.
• 12:58
  I mean, really, you can buy a whole year of mine production in
• 13:03
  the entire world, the entire year's mine production for $24
• 13:07
  billion. That's nothing.
• 13:10
  That's like here. Oh, here, let me pull it back
• 13:13
  up. How do I do that?
• 13:16
  I don't want to remove it. Hold on.
• 13:22
  Remove. No.
• 13:25
  Oh, here. I press that full screen.
• 13:29
  Oh, there we go. Hey, now you don't have to look
• 13:31
  at me. It's your lucky day.
• 13:34
  I can scratch my nose all I want.
• 13:35
  I think none the less, it's only going to take a little bit of
• 13:39
  movement out of that. A little bit of of loss of
• 13:42
  confidence in government bonds and banks, in derivatives, in
• 13:47
  crypto, right, For that little bit of movement to get bled into
• 13:51
  what is a tiny, absolute, tiny silver market.
• 13:56
  Let's try this one. There we go.
• 13:58
  Hey, how do you like that? Hey, wait a minute.
• 14:01
  My sponsor's not going to like that.
• 14:04
  Let's pull this one back up real quickly.
• 14:06
  Let me say oh boy, here we go. Thank you to channel sponsor
• 14:10
  Pinbex. If you want to get your hands on
• 14:12
  some of that gold or silver that's at the bottom of that
• 14:15
  pyramid, do yourself a favor. When you're looking online for
• 14:19
  precious metals, check out Pinbex.
• 14:21
  I did it myself. At your recommendation.
• 14:24
  I think Pinbex is best, and you will too.
• 14:27
  So please check them out. Learn for yourself and you'll
• 14:30
  see they check all the boxes. Best prices, best service and
• 14:34
  great selection as well. And of course, thank you to
• 14:36
  Fortuna Silver for for sponsoring Bronze Basement
• 14:41
  making this possible. You can learn more about them at
• 14:44
  fortunasilver.com and 1st Mining Gold Gold Developer with two 5
• 14:50
  million oz projects in Canada and a lot more.
• 14:53
  You can learn more about them at firstmininggold.com.
• 14:58
  So as all that happens, let's go back to the pyramid.
• 15:01
  Let's see here. How's that one work?
• 15:03
  Yeah, that works. Good.
• 15:06
  Well, I may never end this live stream.
• 15:08
  I'm and you know what? You thank you for being here.
• 15:11
  Thanks for putting up with me being late on this live stream
• 15:14
  again. This is a new platform I'm
• 15:16
  trying out called Stream Yard. Let me know how you like it.
• 15:19
  Send me an e-mail or maybe leave it.
• 15:21
  Susie can tell me what what came through in the in the in the
• 15:26
  chat, if you like my ability to pull it up.
• 15:29
  If you if you'd like me to have people like Pat Holland, maybe
• 15:32
  Andy Schechtman, who knows that would want to join me in one of
• 15:36
  the live streams. That way you don't have to
• 15:38
  listen to me talk for 30 minutes straight.
• 15:40
  We can have some some other guests as well.
• 15:43
  But as those bricks fall out, those bricks get it fall out of
• 15:49
  Exter's inverted pyramid and that money falls down to the
• 15:55
  bottom, to silver and gold, right?
• 15:57
  And people, look, we don't want it to happen, but we're dealing
• 16:01
  with reality here, OK? We're, we're patriotic
• 16:04
  Americans. We didn't 'cause this issue,
• 16:07
  people. We could see really accelerated
• 16:10
  cost or I'm sorry, prices and silver, one of my favorite
• 16:14
  charge right here. You're going to get to see it in
• 16:16
  a second. The silver price per oz in
• 16:19
  Venezuelan Bolivar went from 36 all the way up to 10,000 in four
• 16:29
  months. Wait a minute, Went from 36,
• 16:31
  That'd be like silver going from 36 U.S. dollars to 10,000 U.S.
• 16:37
  dollars. That happened in Venezuela in a
• 16:39
  four month period and actually most of it.
• 16:43
  See if I can get the screen back on.
• 16:45
  I'm getting the hang of it. I'm going to land this plane.
• 16:48
  Thank you, basement dwellers. Most of that increase happened
• 16:55
  in like a one month period from here to here, OK.
• 17:00
  That's what happens when you have gross mismanagement of
• 17:05
  monetary and fiscal policies. That's what you can look forward
• 17:10
  to. So thank you guys for joining me
• 17:15
  today on this experimental live stream.
• 17:17
  I promise it'll get better. I'm still probably going to use
• 17:19
  the old method for a while until I get more comfortable with
• 17:22
  this. There will not be a live stream
• 17:25
  tomorrow. I have to have a a little series
• 17:27
  of medical tests done, but I will put a video out tomorrow at
• 17:31
  Tonka Truck Video. I'll give you a little teaser on
• 17:34
  that one, but my hope is that I'll be back on Tuesday to to be
• 17:39
  back with you again. Thank you for being here.
• 17:41
  Thank you for the Super chat. Thank you to the moderators.
• 17:45
  I see it's a little different here.
• 17:47
  I see Annie Oakley. I see Susie.
• 17:49
  I think I saw Jake. So thank you guys for being part
• 17:52
  of this. And we can look forward to some
• 17:55
  fun guests. You know, I think it'll be cool
• 17:57
  to be live with some different people.
• 18:00
  And if you have any ideas, send me an e-mail.
• 18:03
  Or send an e-mail to whoever, you know, Joe Biden or Jerome
• 18:08
  Powell or Andy Scheckman. Say, hey, you should get on one
• 18:10
  of Ron's live streams, but have them shut up for a few seconds
• 18:14
  so we can listen to you. I'd be happy to reach out to
• 18:17
  anybody, but thank you. OK.
• 18:20
  It's a big deal. You're here.
• 18:21
  It'd be an interesting week ahead.
• 18:23
  Can we. Let's ask a question.
• 18:25
  It's been a while. Will next Sunday, will the price
• 18:30
  of gold for the 15th straight week close above 2000?
• 18:35
  If you think it will, type 2000 in the chat.
• 18:41
  Oh, the world's greatest mods. Oh, yeah, You know what?
• 18:45
  Thank you. Yeah, they are the world's
• 18:47
  greatest mods. Right.
• 18:48
  We've had a wonderful team of people come through here.
• 18:51
  Ricky's House of crap. Thank you, Ricky.
• 18:53
  I'll do my best. I just got to show up.
• 18:55
  So, hey, we got some 2000s from Annie Oakley.
• 18:59
  All right, cowboy. Billy Holter.
• 19:01
  Yeah. You know, that's funny.
• 19:03
  I love Bill Holter. And I think it was Bill Holter
• 19:06
  was the first guy that that I heard say.
• 19:09
  I mean, come on, man, are they kidding us about this Silver
• 19:13
  situation, right? The, the, the, the deficits,
• 19:16
  the, the demand for Silver over the last two years has way
• 19:21
  outweighed any supply, way outweighed where is it coming
• 19:25
  from right. And that like people like Jeff
• 19:27
  Christian say, oh there's all this silver above ground
• 19:30
  secondary supply. No man, it all came out of the
• 19:33
  COMEX and the LBMA and the SLVETF.
• 19:37
  I'm telling you guys that's only, that's they can only plug
• 19:41
  it for so long, right. It's like, it's almost like like
• 19:44
  if you got a job and you're making 100 KA year and let's say
• 19:48
  you saved up 40,000 in the bank and you lose your job, Well, for
• 19:53
  the, you know, nine months or so, you can plug that lost
• 19:56
  income with your bank account, but then your Sol, right?
• 20:00
  I mean, I guess they can, they can only borrow fake silver from
• 20:05
  the COMEX for so long. That's just the way it.
• 20:08
  That's just the way it works, you know.
• 20:12
  Anyway. Bill.
• 20:14
  Bill Holter's then coming to the basement.
• 20:16
  Yeah. All right.
• 20:17
  That sounds good. We need Bill Holter.
• 20:19
  All right, guys. I'm going to sign off if I can
• 20:22
  figure out how to do that. I really appreciate you putting
• 20:26
  up with me. Hopefully, you could see that
• 20:29
  pyramid that I put up there and didn't see me scratching my
• 20:31
  nose. Have a great rest of your day.
• 20:33
  You're the best. Absolute best.
• 20:36
  OK. The best group of people that I
• 20:39
  could have ever asked for to meet in my life.
• 20:40
  So thank you. All right.
• 20:42
  And I'll see you soon.