Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **Silver and Gold** Do YOU Understand THIS? (Very Important)

Transcript

**Silver and Gold** Do YOU Understand THIS? (Very Important) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Welcome to the live stream. Welcome to the basement, where
• 0:06
  you're always welcome. We used to say, remember the
• 0:09
  good old days, basement dwellers.
• 0:10
  This is like the Mr. Rogers neighborhood for gold and silver
• 0:14
  investors. But unless you're very lucky,
• 0:17
  your grandparents, your parents didn't teach you this.
• 0:22
  And it's the most critical fundamental factor that every
• 0:26
  investor in precious metals needs to remember.
• 0:29
  And I heard it said like never before earlier today.
• 0:32
  It gave me a burning desire, whatever they call that
• 0:35
  preachers, you know, like it lit a fire inside of me that on a
• 0:39
  Saturday night, late at night, I want to go live.
• 0:42
  I want to make this video to talk to you, to tell you the
• 0:45
  story as I heard it. Matt Pipenberg, a guy that I
• 0:49
  have a ton of respect for, I think he's with Gold Switzerland
• 0:52
  or some company like that. Anyway, he told the story.
• 0:56
  I'm going to tell it to you right now, and then there's a
• 0:59
  lot, lot more. I'm going to give you
• 1:01
  indisputable proof that what he's talking about is true.
• 1:05
  And it's a critical component to the fact set that any of us gold
• 1:10
  and silver investors need to keep in mind.
• 1:12
  And I know you're a gold and silver investor.
• 1:14
  I know you're a person who loves to talk about silver and gold.
• 1:19
  And it's a big, big honor right now that you've joined us here
• 1:23
  in the basement. The basement doors always open
• 1:26
  for you. I really hope you found a little
• 1:29
  home away from home, a little escape from all the confusion in
• 1:32
  the world where we talk about the facts about thousands of
• 1:36
  years of history on our side at We are basement dwellers.
• 1:41
  We love our silver and gold. Please give this a thumbs up.
• 1:44
  Subscribe to the channel. It'll help get the word out to
• 1:46
  more and more people. So let's go for a little
• 1:50
  journey, little story time. I want you to think of two
• 1:54
  boxes. Let's say shoe box size boxes.
• 1:57
  Think of two boxes and think of a house.
• 2:01
  OK, just a normal house. I don't know where you live, you
• 2:04
  guys joining us, basement dwellers, we're all over the
• 2:07
  world, but let's just say a normal house.
• 2:11
  That cost about 500,000 paper U.S. dollars in today's money.
• 2:17
  That's about average. That's what they say.
• 2:19
  My house is worth 500 grand. I don't think it's worth that
• 2:22
  much, but that's a whole different story.
• 2:24
  Think about two boxes. Think about a house.
• 2:28
  OK, think back 100 years ago. If you wanted to buy a house
• 2:34
  back then, the cost would have been about $5000 in paper money.
• 2:39
  OK, so it's 100 years ago. You want to buy a house, you've
• 2:43
  got one of your boxes that has $5001 bills.
• 2:49
  These things, right? Remember that's what's in there,
• 2:54
  5000 of those in one box. Your other box, because gold was
• 2:59
  about $20.00 an ounce back then, has 251 oz gold coins.
• 3:05
  You can take either of those boxes.
• 3:08
  OK, this is 100 years ago, 1924 and go buy yourself a really
• 3:14
  nice house. OK, now Fast forward to today
• 3:20
  and you want to buy that same house, same equivalent house,
• 3:24
  about $500,000. OK, think about your two boxes.
• 3:29
  If you have the but if you kept the box that has the $5001
• 3:34
  bills, guess what? Sorry to break it to you, you
• 3:38
  can't buy the house for that amount of money.
• 3:41
  You can't even furnish but maybe one or two of the rooms in that
• 3:46
  house in today's money with those $5001 bills.
• 3:50
  But guess what, If you picked the box with the 251 oz gold
• 3:57
  coins, those are worth almost 600,000 US Fiat dollars in
• 4:04
  today's money. You can buy the house, you can
• 4:08
  furnish the house, you can probably get landscaping done
• 4:12
  and have a big party for all your basement dweller fans.
• 4:16
  Guys, that is one of the most critical key components that my
• 4:21
  parents didn't. I love my parents.
• 4:23
  They're wonderful people. My mom watches Mom.
• 4:25
  I'm not mad about it. OK?
• 4:27
  It's not your fault and I'm gonna explain why right now.
• 4:30
  Your parents didn't teach you about gold and silver.
• 4:34
  Unless you were very, very lucky, Your grandparents
• 4:38
  probably didn't teach you about gold and silver.
• 4:40
  My grandpa, Hal Randomire, may he rest in peace Here, I'll show
• 4:45
  you. Look, here's his clock.
• 4:47
  I don't know why I keep it down here.
• 4:50
  And I think it's still going. Yeah.
• 4:53
  He died like, five years ago. And that's what I got this
• 4:56
  clock. He read the Wall Street Journal
• 5:00
  every day. He invested in the stock market.
• 5:02
  He did pretty well right for a for a a kid that grew up in the
• 5:06
  Depression. He didn't I talk to him all the
• 5:09
  time before I had kids, I would go over or maybe once a week,
• 5:13
  twice a month, whatever it was. I would go sit and talk to him.
• 5:16
  We'd talk about the economy. He thought things were screwed
• 5:19
  up back then, 1520 years ago. I'll tell you what, he's rolling
• 5:23
  over in his grave right now. But none the less, he never
• 5:26
  Grandpa, Grandpa Rademeyer never taught me about gold and silver,
• 5:31
  OK? So it's not our fault that we
• 5:34
  weren't. It's not our parents fault or
• 5:36
  our grandparents fault. But why?
• 5:39
  I'll tell you this is this is what I heard in Pipenberg said
• 5:42
  this. In the USA, gold is deliberately
• 5:45
  misunderstood. And I'm gonna give you absolute
• 5:49
  proof of that at the end of this video, OK?
• 5:54
  And think about this. I want you to think about this,
• 5:56
  OK? In the 1930s, This is why your
• 5:59
  parents and grandparents, This is why we are the lone wolfs.
• 6:02
  We are the Green Berets of the financial world.
• 6:06
  This is why nobody understands gold and silver.
• 6:09
  They don't teach it to my kids in the public school district,
• 6:12
  right? They don't teach it at any
• 6:14
  schools, right? Hardly anybody teaches about
• 6:17
  gold and silver. But why?
• 6:19
  Well, think about it. In 1930, they made it illegal
• 6:24
  for U.S. citizens to own gold. It was illegal.
• 6:28
  So people like my grandpa, when he was a kid, he couldn't buy
• 6:31
  gold or silver as a as an investment.
• 6:35
  Then in 1971, to make matters worse, they took us off the gold
• 6:41
  standard. So think about it right?
• 6:44
  They pretty much at that point. And then in 1974, icing on the
• 6:49
  cake, they started the futures market.
• 6:52
  Do I have to pull up the memo that they wrote when they
• 6:56
  started the futures market? I think I do.
• 6:58
  This is going to be quick. I'm keeping this under 15
• 7:01
  minutes. I I swore to Susie I'd be short.
• 7:04
  Hold on here. Let me pull it up real quick.
• 7:07
  Let's see if I can pull this wrong one.
• 7:10
  Cancel present. OK, slides.
• 7:14
  This is going to be fast. Hold on, guys.
• 7:16
  Here it is. Manipulation.
• 7:20
  Add the screen. This memo, we've read it so many
• 7:27
  times, right? All right, I mean, I, I can read
• 7:30
  it. I can read it so fast your head
• 7:32
  will spin. But this was released as part of
• 7:35
  WikiLeaks, right? So in 1930, they made it illegal
• 7:39
  to own silver and gold. Then in 1971, they took silver
• 7:42
  and gold out of the money system.
• 7:45
  President Nixon. Temporarily, temporarily, right?
• 7:47
  Those I forget guys, it's temporary been 55 years, but
• 7:52
  temporary. And then shortly thereafter that
• 7:56
  we had this to the this is a memo between like the the LBMA
• 8:01
  futures guys in the USI don't know, but basically that telling
• 8:05
  them, well, I'll tell you here to the dealer's expectations
• 8:09
  will be the formation of a sizable gold futures market.
• 8:11
  Each of the dealers expressed the belief that the futures
• 8:15
  market, this is in the mid 70s would be of significant
• 8:18
  proportion and physical trading would be minuscule by
• 8:22
  comparison. Also expressed was the
• 8:25
  expectation that large volume futures dealings would create a
• 8:30
  highly volatile market. In turn, the volatile price
• 8:34
  movements would diminish the initial demand for physical
• 8:39
  holding and most likely negate long term hoarding by U.S.
• 8:44
  citizens. OK, there proofs in the pudding.
• 8:46
  I know. I've been bringing that up.
• 8:48
  That just irks me. That explains so much of what's
• 8:51
  going on, right? But don't forget, don't forget
• 8:54
  what we started with that $5000 house in 1924, right?
• 9:00
  If you kept the gold, you could buy it today and then some.
• 9:03
  If you kept the paper, you couldn't.
• 9:07
  All right, case closed. Now, don't be mad at your
• 9:11
  grandparents. Don't be mad at your parents.
• 9:13
  I heard a wise. This is off subject, but
• 9:16
  something I thought was very a lot of people in life, you know
• 9:20
  them, I know them right? And I think everybody to 1° and
• 9:24
  or another has gripes with their parents.
• 9:26
  It's just part of life. But I heard this really smart
• 9:28
  person once I have no gripes with my parents.
• 9:31
  They're perfect mom, I love you. But none the less a lot of
• 9:35
  people do. And I heard this very smart
• 9:38
  woman, old German woman say one time, if you're going to be mad
• 9:41
  at your parents, you really should be mad at your
• 9:44
  grandparents because your grandparents screwed your
• 9:47
  parents up. But then you can be mad at your
• 9:52
  great grandparents. Anyway, that little life wisdom
• 9:55
  from Ron's basement. Hey, it's Saturday night.
• 9:57
  We're having some fun. Think about this, OK, in this
• 10:01
  big context picture of gold and silver right now, think about
• 10:05
  what it's done in the last 100 years, like we talked about.
• 10:09
  Think about where we are right now, OK, this is critical.
• 10:12
  This is scary, downright scary where we are right now.
• 10:16
  And I wrote this down earlier 'cause I thought you guys, we
• 10:19
  need to know this. We need to and, and tell me if
• 10:23
  you, you know, look, maybe I'm crazy.
• 10:24
  You can tell me. I can't really read all the
• 10:27
  comments 'cause I can't do all five things at once.
• 10:29
  But I do later. But, but, or send me an e-mail.
• 10:33
  Help me if you think I'm wrong. But to me, this is crystal clear
• 10:37
  and very, very scary regarding where we sit as a country right
• 10:42
  now. Right now, the American debt
• 10:44
  levels are very similar, the debt levels we have right now as
• 10:49
  they were at the end of World War 2.
• 10:52
  But think about this. Think about this.
• 10:55
  That was right at the end of a major World War #1 #2 we also
• 11:03
  had just gotten through the Great Depression.
• 11:06
  So right now, where we sit in our country, we have the same
• 11:10
  level of debt as we did when we just finished fighting the
• 11:14
  greatest World War in the history of the world and had
• 11:19
  endured through the greatest depression of all times.
• 11:22
  Right now, we're in that same crappy financial situation.
• 11:26
  Congratulations, Washington, DC, right?
• 11:30
  I'm sure our president's all on top of it.
• 11:33
  We we know that, right? He's chipper.
• 11:36
  I hope he's over his cold anyway.
• 11:39
  But the other big thing is also at that time, we were the world
• 11:44
  power, OK, or the world, we, we had just gained a lot of power
• 11:49
  in the world. Think about where we are now.
• 11:51
  Think about the bricks. Think about China.
• 11:52
  Think the the we are the opposite situation.
• 11:56
  We're in a situation where we are being challenged, right,
• 11:59
  where we are being challenged at with the level of power that we
• 12:02
  have. Also, at that time, we were like
• 12:04
  the only, we were the biggest manufacturing country in the
• 12:07
  world. And there's a bonus, the icing
• 12:12
  on the cake at that time, OK, we also were on the gold standard.
• 12:19
  And we know, right, that the 180 years that the United States was
• 12:24
  on the gold standard marked it like the greatest period of
• 12:27
  economic and technological advancement in the history of
• 12:32
  the world, right? It worked really, really well.
• 12:35
  So think about where this is scary.
• 12:37
  This should put shivers in your spine.
• 12:39
  I'm not going to knock your sock.
• 12:40
  We're not going to knock our socks off basement.
• 12:42
  And by the way, thank you for joining me for this brief live
• 12:47
  stream video. It's a Saturday night now.
• 12:49
  You may be watching it on Sunday, wherever you are, but
• 12:52
  right now, I hope you feel like you're you're in the basement
• 12:55
  with me, OK? Because we're digging in deep.
• 12:58
  It's a big deal that you give me your time.
• 13:00
  I just want to say thank you, OK?
• 13:02
  I think I already begged you for a thumbs up and a subscriber
• 13:06
  thing, whatever. But thank you seriously for
• 13:09
  being here, basement dwellers, and thank you to our channel
• 13:12
  sponsors, Pinbex, PINBEX, Pinbex.
• 13:17
  If you want to get the best deals on silver and gold, the
• 13:20
  best selection, the best service and what am I missing?
• 13:25
  Oh, prices numero Uno. Seriously, investigate Pinbex.
• 13:32
  I did it at the at the recommendation of one of you
• 13:36
  couple of you said, dude, check out Pinbex.
• 13:39
  I did. I've worked with them number of
• 13:42
  times. That's before they sponsored the
• 13:44
  basement. I'll only take sponsorships from
• 13:47
  companies that I work with that I can trust.
• 13:49
  So check out Pendbeck's First Mining Gold's the stock I own.
• 13:53
  Fortuna Mining is another stock that I own.
• 13:56
  I do not give financial advice. Mining stocks are risky, Life is
• 14:01
  risky, marriage is risky, investing is risky.
• 14:05
  So do your own due diligence. But I will tell you they are
• 14:08
  both make this live stream possible and coincidentally are
• 14:13
  both companies that I also own stock in before they sponsored
• 14:17
  the channel. So thank you on a serious note
• 14:19
  to all our sponsors and I hope that you will support them.
• 14:22
  Now put it in perspective guys. Joe messed up things are right
• 14:28
  now in this country. I'm gonna do a I'm gonna do a
• 14:32
  video next week. The 11 things.
• 14:34
  I mean, it's unbelievable how screwed up financially we are in
• 14:38
  this country. We're more screwed up than we
• 14:42
  were at the end of World War Two when we had just emerged from
• 14:48
  the Great Depression. Is that sinking in, Right.
• 14:52
  And we were still on the gold standard back then, and we had
• 14:56
  just won World War 2, so we were moving in a direction right
• 15:00
  where we could. Now, I mean, it feels like we're
• 15:04
  going into World War Three. And doesn't it feel like we're
• 15:09
  going into a Great Depression? I mean, it's scary.
• 15:13
  So that that example I gave you earlier about gold from 1924
• 15:19
  through today, 100 years later, Yeah, gold did.
• 15:24
  Silver did hold its value, right?
• 15:28
  But that was that was during the best of times, OK, That was
• 15:32
  during a time period where everything kind of worked out
• 15:35
  overall rosy for the United States.
• 15:38
  We won World War Two, we won the Cold War, right?
• 15:42
  But now I think we turned the corner.
• 15:45
  I don't like it. Look, I am, I am an American.
• 15:48
  I'm like you, I imagine. Well, you're not all American.
• 15:50
  You guys are all over the place. But none the less, none the
• 15:54
  less, the reality is right, the situation, the the next 100
• 15:59
  years aren't going to be like the last 100 years.
• 16:02
  The next 10 years are not going to be like the last 10 years.
• 16:07
  That's called recency bias. Well, that's the way it always
• 16:11
  is. No things happen, right?
• 16:13
  Just because it's a, a a, a mild, wet summer this year
• 16:19
  doesn't mean it's going to be a mild, wet summer next year.
• 16:22
  You've lived long enough. I've lived long enough to know
• 16:24
  that we know what the history books tell us.
• 16:27
  OK. Gold and silver are more
• 16:33
  important than ever. You're more important than ever,
• 16:35
  too, by the way. And I mean that, right?
• 16:39
  The community is great here. You guys are awesome.
• 16:42
  Hey, Nancy. Hello.
• 16:43
  Magic Moon. I saw Neil's in here.
• 16:45
  Who else is Adora? Hey, don't forget tomorrow
• 16:49
  morning I have Coin Shop Chris on the live stream with me.
• 16:52
  I think we're going to do 10:00 Central time stories from the
• 16:57
  coin shop with our friend Coin Shop Chris.
• 16:59
  And he has his own channel now. OK, Don't forget, go check out
• 17:03
  Coin Shop Chris on his channel. He talks a lot about coins and
• 17:06
  Taco Bell and other things that are interesting about it's like
• 17:10
  my channel. Everything you know has to do
• 17:12
  somehow with silver and gold. Now, now, so we talk about we
• 17:17
  talk about how critical. Look, this could be life or
• 17:21
  death. Well, I don't want to be overly
• 17:24
  dramatic, but it could could be life or death minimum.
• 17:28
  All joking aside, very serious for our families, right, is, you
• 17:34
  know, the, the next 20 years are not going to be like the last 20
• 17:38
  years. There is absolutely, positively
• 17:42
  no doubt. Happy Saturday night.
• 17:44
  By the way, all you people who are alive keep stacking Ron's
• 17:47
  crypt. Hello Scott Williams, hello
• 17:49
  Magic Moon. We're going to do a shout out in
• 17:52
  a minute here. Don't do it yet, but I'm going
• 17:55
  to ask you guys 'cause I love to see where where you're joining
• 17:58
  me from. And I will say the names of the
• 18:00
  cities, but what's the proof that we have that they they
• 18:04
  screwed the pooch that can I say that?
• 18:07
  I don't know that's anyway that they screwed up, huh?
• 18:12
  That it's a big mess. I got I got proof.
• 18:14
  We're going to look at the the this is this is the guys. the
• 18:18
  Fed is stealing your money. That's a fact, right?
• 18:22
  When you have an organization whose stated goal is to steal 2%
• 18:27
  and we know that's all a bunch of BS.
• 18:29
  The Fed is stealing your money and they do it in a very, oh,
• 18:34
  we're looking out for your best interest.
• 18:36
  And we want to maximize employment.
• 18:38
  And yeah, we want to keep the slaves working, is what they're
• 18:42
  really saying, right? It's a debt based system, and
• 18:46
  debt is slavery. OK.
• 18:49
  And it sounds harsh and it is harsh, right?
• 18:53
  Talk to a guy who's working a full time job and then working
• 18:58
  another 20 hours a week and then working another side hustle just
• 19:03
  to try to put food on the table for his family.
• 19:05
  It is tough. It is harsh.
• 19:08
  This debt is slavery, period, right?
• 19:12
  And it's that's been said for thousands of years.
• 19:14
  Gold is the money of the of the royalty.
• 19:17
  Silver is the money of the gentleman, my fellow gentleman
• 19:21
  and gentle women, right? We got more and more women
• 19:25
  joining us and that's awesome. But that is the currency of
• 19:30
  slaves, right? If you, if you, you, if I
• 19:34
  borrow, let's say I, let's say I knock on your door in 1/2 hour.
• 19:40
  I bet you'd be freaked out, wouldn't you?
• 19:43
  And I say, hey, man, I really need to borrow $50,000 because
• 19:49
  something came up at the house and I need to make some repairs
• 19:52
  and, you know, if you want me to keep making those videos from
• 19:55
  the basement. Yeah, OK Anyway.
• 19:56
  But you loan me 50 grand. I say I'm good for it, you know,
• 20:00
  blah, blah, blah. And so you say, OK, Ron, I'll
• 20:02
  give you 50,000. You're going to pay me 10%
• 20:05
  interest per year till you pay it off.
• 20:07
  So I'm paying you. Wow.
• 20:08
  Thank you for that super chat world super chance pop up.
• 20:13
  That makes me smile. Thank you.
• 20:15
  You give me 50 grand, right? I'm your slave.
• 20:20
  It must. It's like.
• 20:22
  Student loans and everything else now in this country where
• 20:24
  we can just forget about it. But the reality is, right, I
• 20:28
  have to work right to make that money, right?
• 20:31
  And work, work, work, work, work, take on it to pay you back
• 20:34
  debt is is credit is, in my opinion, evil in in a form of
• 20:42
  slavery. Now, look, if you're borrowing
• 20:43
  money to start a business and you're going to make a greater
• 20:46
  return, Yeah, I get it. I get that whole thing, but I'll
• 20:49
  tell you what, and this makes me mad, right?
• 20:53
  The whole system in our country, they don't teach our kids about
• 20:57
  silver and gold. They don't teach them really
• 20:58
  anything about money, right? So most people don't know like
• 21:02
  we talked about earlier, grandma and grandpa, mom and dad, right?
• 21:06
  We learn from our parents, we learn who do we learn from?
• 21:09
  We learn from our parents and our grandparents, right?
• 21:12
  And they don't know most, I mean, most Americans, a lot of
• 21:16
  Americans are, are really financially illiterate, right?
• 21:21
  They, they may be a great plumber.
• 21:23
  They may be a great doctor. They may be.
• 21:25
  I'm not. I'm talking about people with
• 21:27
  every education. People don't understand money,
• 21:30
  period. And #2 they don't understand
• 21:33
  gold and silver, right. Until it's too late.
• 21:35
  What was, what were we talking about the other day?
• 21:39
  What was it? Oh, yeah, with the debate.
• 21:42
  Think about the debate the other night.
• 21:44
  I think it's a very good analogy.
• 21:46
  I think half of America was shocked by Joe Biden.
• 21:50
  They had no idea. Like, oh, my gosh, it was, you
• 21:54
  know, we didn't know it was that bad, right?
• 21:56
  Yeah. Because they've been living in a
• 21:59
  bubble of whatever their favorite version of mainstream
• 22:03
  media news is that doesn't report right.
• 22:07
  Just like they don't report about the national debt, just
• 22:09
  like they don't report about about, about how the, how the
• 22:12
  economy's really doing, right. So just like those people like
• 22:17
  being shocked when they saw this, this debate, when this, I
• 22:21
  mean, unfortunately the I'm I'm trying, this is not a political
• 22:25
  channel, but Joe Biden struggled, I guess you would
• 22:27
  say, yeah, I think that's common.
• 22:31
  And, and and there's shock and there's, and you're hearing even
• 22:35
  the New York Times is like, Oh my gosh, there's, there's a
• 22:38
  they're in panic mode in the Democratic Party.
• 22:40
  And it's like the same thing's going to happen when when people
• 22:45
  realize what's going on with the financial system, right?
• 22:48
  They're gonna be shocked. They're gonna be like, well,
• 22:50
  well, well, my my financial advisor told me just to put all
• 22:54
  my money in the stock market. And eventually it always goes
• 22:58
  up. And now, yeah, the same thing
• 23:01
  can happen. OK, now proof.
• 23:02
  Let's get proof. Let's get some proof.
• 23:05
  Proof, proof. Proof from history.
• 23:09
  This guy. OK, we're gonna you're gonna see
• 23:12
  this. I'm sorry from me many more
• 23:14
  times. This was Woodrow Wilson.
• 23:18
  He is the president who signed the legislation that created the
• 23:23
  Fed seat at the bottom, the Federal Reserve Act of 1913.
• 23:28
  So he was the president that helped create the Federal
• 23:30
  Reserve. And you can't see it 'cause I
• 23:32
  got my crazy banner thing there. But he says I am the most
• 23:35
  unhappy man. I've unwittingly ruined my
• 23:39
  country. This is a couple years after he
• 23:42
  signed the legislation to create the Federal Reserve.
• 23:46
  A great industrial nation is now controlled by its system of
• 23:50
  credit, right? That's that guys.
• 23:52
  That's slavery. We are no longer a government by
• 23:55
  free opinion, no longer a government by conviction and the
• 24:00
  vote of the majority, but a government by the opinion and
• 24:04
  duress of a small group of dominant men.
• 24:07
  Duress. I looked it up.
• 24:09
  I forget what it means. Like, like under the power of a
• 24:11
  group of that's the president that created the Federal Reserve
• 24:17
  expressing his remorse and his unhappiness for having done so.
• 24:24
  Now I think it's even more interesting.
• 24:27
  Hold on here. Can you see me?
• 24:30
  What's on the screen? Oh, hey, that's me at Six Flags
• 24:34
  with my. I love silver.
• 24:35
  Hold on, I didn't mean for you guys to be seeing this.
• 24:39
  This is Alan Greenspan, right? This is Alan Greenspan.
• 24:43
  What does Alan Greenspan say? Alan Greenspan, Remember, he was
• 24:46
  the head. He was the same thing as Gomer
• 24:49
  Pyle is now or Jerome Powell. I'm sorry, Alan, he said yet
• 24:52
  gold has. This is Alan Greenspan.
• 24:56
  OK, this is I think in the 1960s he said this, but still, this is
• 25:01
  before he got sucked into the Fiat.
• 25:04
  He was expressing his true understanding and beliefs when
• 25:08
  he said this, he says. Yet gold has special properties
• 25:12
  that no other currency with the possible exception of silver.
• 25:18
  Thank you Alan for throwing that ink and claim.
• 25:21
  For more than two millennia, gold has had virtually
• 25:24
  unquestioned acceptance as payment.
• 25:27
  It is never required the credit guarantee of a third party.
• 25:34
  He also said kind of cloudy. I apologize.
• 25:36
  In the absence of the gold standard.
• 25:39
  So in the absence of the gold standard, there is no way to
• 25:43
  prevent confiscation of savings through inflation.
• 25:48
  OK. And you know what the icing on
• 25:51
  the cake is guys, huh? Right.
• 25:54
  We also know that, you know, these guys are are warning us
• 25:58
  about what's going on. And who else is warning us?
• 26:02
  Take a step back, because I will give him a little credit for
• 26:05
  this. This guy right here.
• 26:07
  Let's get him out for a second. Just a second.
• 26:10
  This guy, yes, huh. Jerome.
• 26:16
  Jerome Powell. Jeremy Powell, Right.
• 26:19
  He's even sounding the alarms about government spending,
• 26:23
  government debt and how it's on. He says it over and over, right?
• 26:27
  Nobody listens right 'cause they're like, well, it hasn't
• 26:29
  been a problem yesterday. It won't be a problem.
• 26:31
  You know, whatever, right? It is a problem.
• 26:34
  It will be a problem The the masses will wake up OK, and it
• 26:39
  will be a shock to a lot of people.
• 26:42
  Hello, Nancy. Hey, guys, quickly.
• 26:45
  OK, 'cause I, I already ran over just to prove how diverse we
• 26:50
  are. We got 300 people late on a
• 26:52
  Saturday night. Thank you.
• 26:54
  Right. This is a community, right?
• 26:56
  I'm talking to you, right? I'm talking and we're all
• 26:59
  talking to each other, but I'm talking to you.
• 27:01
  This does not happen without you.
• 27:04
  Yes, you, because I want to hear.
• 27:07
  It's so cool. The one thing I'll say if you
• 27:11
  think about it now, guys, technology, we are spread out
• 27:14
  all over the world and I want to prove it to you.
• 27:17
  So I want you to take the time. I'll do it myself.
• 27:20
  OK. Go down to that comment box and
• 27:24
  type where you're from. I can't say all the names.
• 27:27
  Hello. Boulder, Co Harry.
• 27:30
  I may be coming to Boulder in September.
• 27:33
  We need to talk. Send me an e-mail.
• 27:35
  I may need to sleep in your basement for a couple nights.
• 27:37
  Texas. Heiko, Texas.
• 27:40
  Hello, Thomas Toops. Jake's custom parts.
• 27:43
  Manitoba. Fenton.
• 27:44
  Wow. Right down the street.
• 27:45
  Florida surrounding Albania. Phoenix.
• 27:49
  Phoenix, AZ. Mesa, AZ Wasago Beach, Canada.
• 27:53
  Awesome. Houston, TX Boy, that's hard for
• 27:57
  me to say. Avon, Florida.
• 27:58
  If I miss you, I'm sorry. Bozeman, that's supposed to be
• 28:01
  cool. Wisconsin.
• 28:02
  I love Wisconsin, where I'm going there in a little while.
• 28:05
  Indiana, San Diego, Dover, AR College Station, TX, Oklahoma.
• 28:11
  Wow. Australia, Phoenix, Sebastopol,
• 28:16
  Sebastopol, Michigan, Atlanta, Sioux Falls, Mississippi.
• 28:20
  I love Mississippi. When we go to Orange Beach every
• 28:23
  year. I love driving through
• 28:24
  Mississippi and we spend the night there.
• 28:26
  Beautiful place. Michigan.
• 28:28
  The heart of Texas. England.
• 28:30
  Wow. Oregon.
• 28:33
  Where else? California.
• 28:35
  Old Hickory, TN West Virginia. Guys, what we're proving here is
• 28:40
  we are all over England. The UK.
• 28:42
  Hello, Robert Kemp. OK.
• 28:45
  Wow. In Wisconsin, it will be early
• 28:51
  August. Yes, I believe I have to check
• 28:54
  with the boss. Lake Geneva, Ozarks.
• 28:57
  All right, David. All right.
• 28:59
  Crossville, TN. Blooming Grove, NY, man.
• 29:03
  See, guys, I'm telling you, we are all over the world.
• 29:06
  Thank you for being here. I'll be back on tomorrow.
• 29:09
  The plan is at 10:00 AM. Central Corn Shop Chris, the one
• 29:13
  and only. He's got stories from the shop.
• 29:16
  OK. And maybe the deal of the week.
• 29:18
  You never know with that guy. We're going to try not to get
• 29:23
  into an argument during the live stream.
• 29:25
  We can accomplish that. We'll be in good shape.
• 29:28
  We love Coin Shop Chris and we know he loves his Ding Dongs.
• 29:32
  Hey, guys, have a great night. OK, Thank you.
• 29:35
  Seriously, all of you. Saturday night and maybe it's
• 29:38
  already Sunday for some of you in Australia and England,
• 29:43
  Washington state. Anyway, it's a big deal.
• 29:48
  I appreciate you. Have a great night.
• 29:50
  OK. Be nice to yourself.
• 29:52
  Be nice to the ones you love. All right?
• 29:54
  And I'll talk to you soon. Thank you.