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⭐UPDATE⭐ Silver & Gold Investors Should PREPARE FOR Thursday! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:03
Are we in the midst of an early summer dramatic rally?
0:07
In the price of silver. We're going to talk about what's
0:10
going on right now in the same holds.
0:13
True for gold, are we? Having a.
0:15
Premature rally we predicted. That it would happen late in the
0:19
summer, late August, early September, but.
0:22
Guys, it looks like it could be. In play right now and we're
0:26
going to talk about why tomorrow is so.
0:28
Critical. And we're going to talk about
0:30
everything going on in the big news stories right now, which
0:34
have suddenly become very important.
0:36
For the silver and gold. Price do.
0:38
You believe that we are. In the midst of an early summer
0:42
rally in the silver price and the gold price and.
0:46
If you ever heard that. Term gaslighting, are you?
0:49
Being gas. Lit I'd always heard that.
0:53
Term right. It became popular.
0:55
Over the last five years. I never understood it, but I
0:57
finally I'm going to be able to explain to you what gas lighting
1:02
means. What it has to do with the?
1:05
U.S. economy what it has. To do with the price of silver
1:10
and gold, we'll cover that as well.
1:11
But guys. First I got some bad.
1:13
News for you, OK. The biggest news story going
1:16
right now is Jerome Powell. Jerome Powell, Jerome Powell.
1:20
That's all we're hearing today. He'll be testifying again in
1:23
front of Congress. OK.
1:25
Let's go at the Yahoo. Finance and things are changing
1:29
quickly right now. Hold on one.
1:32
Second, sorry about that. I had a.
1:34
Phone call coming through. Things are changing very.
1:37
Quickly in. Terms of what is happening in
1:40
the US economy. This is today's headline from
1:42
Yahoo Finance. Stock market today US futures
1:46
hold near records as Jerome Powell buoys rate cut hopes.
1:50
In this one sentence in this article.
1:53
Basically says it all in his policy update on Tuesday.
1:58
Jerome. Powell hinted the stage is
2:01
almost set. For.
2:02
Lowering interest rates from 2:00.
2:05
Decade. Highs pointing to cooling
2:08
inflation #1 and the jobs market.
2:12
He also cautioned the keeping rates elevated for too long
2:15
could weaken the economy, giving hope to rate cut hungry
2:19
investors. Wow.
2:21
OK, so that's. Think how much this has.
2:23
Changed just in the last year, the last six months, even the
2:27
last six. Days.
2:28
All of a sudden, there's this. The focus on two big problems
2:33
facing the Fed #1 the job market is collapsing #2 inflation is
2:39
coming down and if. You think the Fed supposedly.
2:43
Hates inflation, which by the way, hint hint, they don't.
2:46
They need inflation. They really.
2:48
Get freaked out on disinflation or.
2:51
Deflation, OK, the focus is? Now on Powell's appearance in
2:55
the House on Wednesday. For part two of his semi annual
2:59
policy update. Investors will be on the.
3:01
Alert. For clues to whether bets the
3:05
two rate. Reductions are coming this.
3:07
Year are well placed so. Let's talk about what's.
3:11
Really going on with the Fed right now because what's
3:14
happening and, and, and then what's going to happen tomorrow?
3:18
This is setting the stage. For this big rally.
3:21
That we could have in the silver and gold.
3:23
Price the early. Summer rally.
3:26
OK, so right. Now what they're saying right is
3:29
that is that. Is that the job market slowing
3:32
down? Suddenly?
3:32
That's becoming big news. Inflation is coming down
3:36
suddenly. That's big news.
3:37
OK, we want to believe Powell. I got a truth.
3:40
Bomb for you right here you. Want to believe this guy right
3:43
now but. He is not telling.
3:46
You the truth, the Fed. Is not your friend when has the.
3:49
Fed ever told us the truth. I know when I look.
3:52
At him here let's. Get him out when we look at him.
3:56
He looks like a trustworthy, believable guy.
4:00
Doesn't he? I mean he.
4:01
Looks kind of cute, right? Looks like somebody we should
4:03
trust. He is not your friend.
4:05
The big bankers have never been your friend.
4:08
OK, Chase Bank. JP Morgan bank, Goldman Sachs.
4:11
Any of the big banks have never been your friend.
4:14
The Federal Reserve has never. Wait until you see a.
4:17
Chart I'm going to show you. Later that that shows the.
4:20
Loss in buying? Power of the dollar.
4:23
Since 1971 alone, the big central banks have never been.
4:27
Your friend Paul knows that the economy is in big big.
4:31
Trouble. OK.
4:33
He's not going to say that. He's not going to be honest,
4:36
guys. He's never been honest.
4:37
It's not his job to be honest. It's not.
4:39
His job to look. Out for you and me.
4:43
It's his job to protect. The interest of the most.
4:46
Powerful. And wealthy elites in the
4:49
United. States and quite possibly.
4:51
Around the world as well. OK, but right now, oh I debate
4:58
whether I should use this. And that the best analogy I can
5:00
come. Up with for what?
5:01
What's? Going on with Jerome Powell
5:03
right now. You ever?
5:03
Been at the zoo? Or the amusement park, or the
5:06
baseball game, whatever. And there's a little.
5:09
Four year old boy who has to go wee wee, but he's too excited
5:13
he's at the zoo. He doesn't want to move.
5:14
Away. So he's like.
5:16
Holding on to himself, dancing around and you're like, come on,
5:19
kid. Just go to the.
5:20
Bathroom right, That's maybe I shouldn't have used that
5:23
analogy, but. That's what Powell is at right
5:26
now. He's like that little kid that
5:28
knows he's got to do. Something but doesn't want to do
5:30
it and is. So distracted.
5:33
And everything else, that's what's happening right now, OK?
5:37
He knows he's going to be making some big moves soon and they're
5:41
going to call it all different type.
5:42
They're not. Going to call it QE, right?
5:44
QE. One QE quantitative easing.
5:47
But he knows big, massive news are big moves is coming.
5:52
Whatever it does, it will dilute the value of the.
5:54
Dollar it will continue OK to benefit the wealthy because the
6:00
stock. Market will likely go up.
6:02
Things, asset values, it'll it'll also benefit you and me as
6:06
silver and gold investors. It will.
6:09
Screw over there's no. Other way to say it, it will put
6:12
the screws. To the working man and woman in
6:16
the United States. To the middle class.
6:18
To the savers, to the people who are just.
6:20
Trying to get. By right, that's what'll happen.
6:23
OK, you know. And you have to go back.
6:28
You have to go back. These bankers, I'm going to
6:30
repeat, are not your friend. The big bankers are not looking
6:34
out for you. You can go back and I won't go
6:37
deep into it 'cause we talk. About it about every other.
6:39
Week, it seems like, and it's been on the forefront lately.
6:42
But I know. You guys love to hear about this
6:44
you. Can go back to the.
6:45
Times of the with the. Book there was the book The
6:48
Wizard of Oz before the. Movie came out.
6:51
Read about the book. The Wizard of Oz it's all about.
6:54
The big bankers putting the. Screws.
6:57
To the average American back then, it was essentially farmers
7:02
in the western United States and you.
7:04
Should read. The stuff and they were British
7:07
Bankers back then, as far as I understand it.
7:09
Because back then, the British. Were still ruling the world,
7:11
this is. Pre.
7:12
World War One pre World War. Two.
7:15
They were put in the. Screws to the, to the to the to
7:19
the average. American farmer out in the.
7:21
West there was. Even something that said we
7:23
could, these bankers said could wind up owning all the land West
7:26
of the Mississippi. I mean, it is crazy.
7:29
So I don't think that these big central bankers, these big
7:31
bankers. Are at all.
7:32
Looking out for you and #2 don't believe that they're telling the
7:36
truth. Right are.
7:37
You being gaslighted, gaslit. I don't know the right term
7:41
we're going to. Talk about that.
7:42
Later, because we learned what gaslit mean, I want to say this
7:45
as. Well, I heard.
7:47
I don't know. It was Gerald Celente or one of
7:50
these really. Really smart, insightful people
7:56
say something and I've heard. A couple.
7:57
People say this and I think it's true.
7:59
Like 90% of Americans are really concerned.
8:03
Whether they're the red or blue, right?
8:06
Democrat or Republican and and and all that stuff.
8:09
And I want. To throw out there that would I.
8:11
Wish Americans would really be concerned about is green right
8:16
the dollar because that's I think a lot of people are angry
8:20
and don't understand what's going on and in the.
8:23
At the base of what's? Going on.
8:25
Is that? Is that the?
8:26
The monetary system, the financial system in this country
8:30
has worked to disadvantage so many average Americans.
8:34
OK, at some point. Here's what I want to say on
8:37
that, though. At some point, 90% of the.
8:39
People will wake up. And realize that it's the
8:42
dollar, it's the financial system.
8:44
And at that point? Guys, it could be very, very
8:46
lucrative for those of us who are storing part or all or.
8:51
Some portion of our wealth and what?
8:53
Silver and gold. OK, OK.
8:58
Tomorrow, tomorrow. So all this is happening right
9:01
now. Jerome Powell.
9:02
Everybody's focused on Powell, the gold and silver.
9:05
Market are doing well. We're going to talk about.
9:07
Tomorrow. Which is the biggest?
9:09
You realize tomorrow's the biggest Newsday.
9:12
Quite possibly now in the. History of the Universe for
9:15
Silver and gold. Hey, we keep getting.
9:18
Bigger and bigger news. Days, but this is big.
9:20
We are being we are right on the pivot point when it comes to
9:26
monetary policy in this country and that could create a huge
9:31
tailwind for the silver and gold price.
9:33
Let's. Quickly go out and do a take.
9:35
Your blood pressure medicine basement dwellers.
9:38
Let's go. Out to the pen backs website
9:40
here and get an update on the silver and gold.
9:43
Price. So this was from yesterday's
9:44
live stream. We were at $30.
9:47
And $0.79, I'm going to press the magic Pimbex button and.
9:51
See where we are right now? Whoa, 30. 111 Awesome.
9:56
Wow up. $0.28 silver. $31.11. Cents gold up. $20.00 an ounce
10:02
2. 1000. $384 per oz while we're.
10:06
Here. As you can.
10:08
See. It is spelled P.
10:09
I MB EX pimbex.com if you're going to buy silver, if you're
10:15
going to buy gold and you're going to buy it online, please
10:20
please shop around. But include Pembex in your
10:25
shopping experience and if you like.
10:27
Low prices if you like. Getting more metal for your
10:30
money. I believe that's what you'll.
10:33
Find if you give. Pin backs a shot.
10:35
Next time that you that you're thank you, Susie.
10:38
Next time you're shopping for silver, gold or platinum group
10:41
metals online, that's where I buy my metal.
10:44
They always have. More than adequate selection for
10:47
what I'm looking, what I'm looking.
10:49
For they always have great customer service, the.
10:53
Packages come wrapped up nicely. Free shipping on orders at $299
10:59
and above and what I like. Best is.
11:01
When my package shows up, I know.
11:04
That I got the best price I. Know that with the money.
11:06
I saved. By by shopping at pmbex I can
11:09
buy myself a couple bonus bonus. Ounces of silver or gold all
11:13
right guys let's let's. Ring the We got 100 thumbs up.
11:16
Hey, thank. You for being here.
11:18
Thank you for being part of the. Basement we got a four. 100
11:21
people already. Man, it's a party.
11:24
What is today, Wednesday? Wednesday I'm going to ring the
11:28
pocket pinger here with Big 10, the silver shark one. 23456.
11:34
789-1010 Rings of the. Of the silver.
11:37
Round for the 100 thumbs up thank you guys tomorrow is the
11:41
biggest. Do you understand how big this
11:44
inflation number is? Tomorrow I will come on here and
11:47
say I'm I was. Wrong.
11:49
I will eat crow. OK.
11:51
And I very well could be wrong, but I got a strong inclination
11:55
that tomorrow. Could be a big big.
11:58
Day in the markets, a big market moving day I think and I've.
12:02
Predicted this all week that. We're going to get a low
12:05
inflation print tomorrow, OK, And that will cement.
12:08
Do you see how they're kind of putting everything together?
12:11
You wanted to understand how they do it right with the
12:14
mainstream media now and everything they're they're,
12:17
they're totally setting up. For the fact that the.
12:20
Fed is going to need to cut rates suddenly.
12:23
Right, like 8 weeks ago you heard people.
12:25
Saying the Fed may never cut rates, the Fed may never cut
12:28
rates. And, and, and, and I've said all
12:29
along, it's all a bunch of noise in the long term picture, but
12:33
short term, tomorrow will be this massive Newsday, my
12:37
prediction, and I'm very confident on this.
12:40
I'm also very confident that I could be.
12:42
Wrong. But that we're going to have a
12:44
low inflation print and that just sets up.
12:46
Perfectly right with all we're hearing.
12:49
Now about now, the job market's slowing down, OK, and that?
12:54
Will be rocket fuel right for the rest of this summer?
12:57
That's why I am saying that we could be.
13:00
Set up right now for this early rally.
13:03
In the silver and gold price and you know if we consider, if we
13:07
consider something that I think is very important, a very
13:10
important component. Of what we need to look at is we
13:13
as we, as we. Kind of try to.
13:14
Piece all of this together is this critical fact.
13:18
That because everything is so. Screwed.
13:21
Up right now, changes are occurring at a much, much faster
13:25
pace, right? Big news events, big world
13:28
events are happening at a much, much faster pace.
13:31
So be prepared for tomorrow. You heard it here first.
13:35
I like I said. All right, I'll, we'll.
13:37
We'll see what happens guys, but I'm be I'm preparing for a big
13:40
market day tomorrow. I think the very.
13:42
Likely we could have. Yet another big move in the
13:46
silver and gold. Price although.
13:48
Even they seem to be coming early.
13:49
I mean. Heck, we just look.
13:51
Gold was up $20 per oz now. Let's go out.
13:54
Let's just change. Gears here for a second and and
13:58
does it make sense with everything going on?
14:03
What is happening is. That the right article, yes.
14:06
Our friends at the Silver Academy.
14:08
I just wanted to point this out. I found it interesting.
14:10
Two sides to the gold and silver coin NATO.
14:15
Hold on a second here. I'm getting, I'm getting, I'm
14:18
getting. My phone's blowing up.
14:20
Oh boy. Uh oh.
14:22
Are you guys still there? Yep, you're still there.
14:24
OK. And OK, two sides of the gold
14:29
and silver coin NATO. The hater of gold yet loves it
14:32
enough to steal it. Against the rest of the world.
14:35
So it's NATO, it's the United States.
14:37
Against the rest of the. World, I thought this was a
14:39
great little. List just of.
14:40
Some of the central banks that are continuing to buy.
14:43
Gold Serbia Gold reserves at the Central Bank of Serbia.
14:47
Increased by 5 tons last. Week.
14:49
The Czech National Bank. Czech National Bank now.
14:52
Shows gold reserves rose. By nearly 2 tons in May, Central
14:56
Bank of Uzbekistan. OK, just published.
15:00
Data showing that their. Gold reserves raise rose by. 9
15:04
tons. The P Bock the.
15:05
People's Bank of China. Has reported over the weekend
15:08
OK. 2260. 4 tons but two months of not buying.
15:14
OK. Well, that's because their
15:15
people. Are buying it all up.
15:17
OK. The Reserve Bank of India this.
15:19
And we got some really interesting news about India
15:22
that. We're going to talk about later
15:23
with Russia. But India's gold purchases in
15:26
June were the. Highest in two years.
15:28
The National Bank of Poland right, a four ton increase and
15:32
it's gold reserves in June and. The Central.
15:35
Bank of Jordan added three tons. OK.
15:39
I mean, it's just unbelievable what's going on.
15:42
Now why are all these? Central banks and now we're
15:45
going to look at a. Chart guys that.
15:46
Is going to knock your. Socks off, so hold on to your
15:49
socks. I don't have.
15:51
This is this is going to. I don't even have socks on.
15:54
OK. This is.
15:55
Crazy when you think about why these central banks are buying
15:59
all this gold and then maybe This is why.
16:02
Let's just get right back. To it here maybe?
16:05
This is why. See if I can zip down if this
16:08
talks about how NATO hates gold but whenever they invade
16:11
countries and take them over, these guys invaded a few.
16:14
Countries, they always take the gold.
16:16
Here we go, the Petro. Dollar.
16:19
You know that story. This, though, I thought was
16:22
absolutely. Incredible thanks to our friend
16:26
Big John Little. Over at this.
16:28
Silver, silver and industry sub. Stack the US dollar purchasing.
16:33
Power and currency in circulation, so look down here
16:37
on the left, 1970. One, there's the dollar.
16:40
Right starts at 100. That's where they start.
16:42
Look. How since 1971 isn't that?
16:45
A great visual the. Purchasing power of the dollar
16:48
is now what, maybe 20? Percent of what it was.
16:53
Maybe 15%, who knows? Right.
16:56
But the red line is the currency in circulation.
16:59
Look how they dislike completely.
17:01
Are opposite of each other. 1971 that's in billions.
17:08
OK. It's it's gone from what, 200
17:12
billion up to 1.6 trillion? While the value of the dollar.
17:18
Has just gone down, down, down says from January 1971 until
17:23
June of 2018, US money supply increased 33 times.
17:28
This was accompanied by an 80. OK.
17:31
So that was through. 2000 that doesn't even go.
17:34
This is an old chart I. Apologize.
17:39
Let me tell you something if we extended this out.
17:42
Six years to 2024, it would be even crazier.
17:46
Nonetheless, the money supply increased.
17:49
By. 3332 times this was. Accompanied by an 84.
17:53
Percent drop in purchasing power.
17:55
Of the dollar, OK, that was before.
17:58
C19. That was before another. 40% of
18:02
the US dollars ever created were created.
18:05
All of this. All of this and we talk.
18:07
About your own pal. Being out.
18:09
There. We can't.
18:10
You don't. Trust your own.
18:11
Pal, we don't. Trust your own pal.
18:13
The bankers are not your friends.
18:16
OK, unless you are. Part of the upper half.
18:20
Of 1% of the United States and you have billions of.
18:24
Dollars or hundreds or. 10s of millions of dollars.
18:27
OK, the central bankers are not your friends.
18:30
That's just, I mean, it's it's it's.
18:32
It's a, it's a, it's a. It's a fact.
18:35
That's inconvenient. We may not like it.
18:38
But all of this, this is correct.
18:40
This is crew. Think about what we're.
18:42
Talking about here, think about what's going on with your own
18:44
pal, right? Remember, he's the nervous.
18:46
Little boy at the zoo. Who's got to go pee pee?
18:49
But doesn't want to take the time to go to the bathroom.
18:51
So he's dancing around holding himself right now.
18:53
But he knows big things are coming.
18:55
OK, all of this. I won't use that analogy again,
18:59
I promise. Basement drawers, but all.
19:01
Of this is. Occurring underneath behind this
19:05
backdrop, hold on to your. Socks, right?
19:07
It's our daily, our daily trip out.
19:09
To the US debt clock. All of this is happening.
19:12
With this going on, OK, it is an untenable situation.
19:18
It it's it's he is. Jerome Powell is not going to
19:22
tell. What he?
19:23
Testifies to he's not telling the truth.
19:26
They've never told the truth again.
19:28
Go back to. The Wizard of Oz.
19:30
Over 140. Years ago.
19:32
Right. The bankers have always been up
19:34
to these shenanigans, right? It doesn't benefit.
19:37
The average? Person silver and gold do
19:41
benefit the the the average person.
19:44
We just saw the world central. Banks buying gold hand over.
19:47
Fist right? Why are they doing that?
19:49
Why? When's the let me?
19:51
Ask you a question. When's the last time you?
19:53
Heard about a central bank selling gold?
19:56
It's been a. Long time hasn't it, buttercup.
19:59
And by the way, thank you for being here.
20:01
Please give this a thumbs up. I forgot to beg.
20:03
You for that if you want. To do something nice, give this.
20:06
Video please, a thumbs up. You can always subscribe to the
20:08
channel and thank you to everyone.
20:12
For your support. Here in the basement.
20:14
The Super chats, all that great stuff, OK, the fact is this the
20:18
people on Wall Street. OK, I was talking to some of my
20:21
contacts. The people on Wall Street.
20:23
The people in the financial. Services industry.
20:26
They're salespeople. They don't even know what's
20:28
going on with the bricks countries and there's something.
20:30
Big going on, OK, people on wall.
20:32
Street have no clue about the national debt.
20:36
They're the. I think Peter Grand.
20:37
Just calls it the don't. Worry.
20:39
Be happy. Crowd right Like those.
20:40
Stocks will always go up. Everything.
20:42
Everything always goes up. Everything.
20:43
Always works out right and and you know what?
20:46
I got. We got to give them some.
20:48
Credit because lately it has. But they don't realize the the
20:53
the the. Danger that we're in.
20:56
OK, these people, they don't know.
20:57
About the bricks, they don't know.
20:59
About the national debt, OK. And they especially have no
21:03
clue. No clue.
21:05
About silver or gold. Go ask any financial.
21:07
Advisor what they think about you know what they.
21:09
Say they act like, oh, it's I was talking to a.
21:12
Very smart guy, has a PhD degree in my neighborhood back on the
21:16
4th of July and he and I asked him.
21:19
What he thought about. Silver and gold and.
21:21
He acted me like. I acted like I was.
21:23
Crazy, you know. And I'm like, I mean.
21:26
Look at this. Data we just got recently.
21:28
What's the safest? Investment.
21:31
What have you been brainwashed? And we're going to talk about
21:33
gaslighting. You may have been.
21:35
Gaslighted. I hope I'm not.
21:36
Gaslighting you, but what's the safest investment in the world?
21:41
Government bonds, right? Guess what gold has beat?
21:44
Government bonds now for the. Last 50.
21:47
Years. We're in a new era, guys.
21:50
We're in a new territory. We're going to talk about
21:53
bricks. Here for a second because.
21:55
Like I said, and then. I've got some great comments
21:57
from you guys. Two comments I want to read from
21:59
basement. Dwellers that I think we're.
22:01
Outstanding and offer you an opportunity to learn a thing or
22:05
two. Let's go out though.
22:07
This is what's going on with. Bricks, did you see this?
22:11
And I got another question off subject because this came up on
22:13
CNL, we're on CNN's website. We're going to talk about.
22:16
Russia and India, OK, but. What the heck are these 270
22:20
dollars? Smart sunglasses from from
22:24
Amazon. I'm like.
22:26
Carrera smart sunglasses are smart glasses.
22:29
Anyway, let's. I, I, I I got off track.
22:33
Hold on. So this is.
22:34
Sanctions on Russian oil brought Putin and Modi closer.
22:38
Now they're in a nuclear embrace.
22:41
So this. Picture created a lot of.
22:43
Uproar. See that right there?
22:45
That guy is Modi. He's the president, whatever
22:49
they call him. Top.
22:50
Dog. In the country of India.
22:53
Oh, I got to ring the. Cowbell, Susie says.
22:55
Thank you. That's for 200 thumbs up.
23:00
Thank you guys for all the thumbs up.
23:02
Thank you to all 500. I mean, we are a growing
23:04
community, but this picture. Right here.
23:07
This is the top guy in India. 1.4 billion people, one of the
23:12
fastest growing economies in the world, the.
23:16
Back of this head. That's the back of.
23:18
Vladimir Putin's head? Yes, you see that, right?
23:22
This picture caused a big, major uproar.
23:24
They are hugging each other. This was just the other day.
23:29
If bricks aren't. Growing in power if the bricks
23:32
if the Russians. Were think about everywhere that
23:35
the thing about. Everywhere we, we get told, I
23:38
mean, this is, this is how we get this is comes back.
23:40
To this gas. Lighting.
23:41
Let me say this and look, I'm a. Patriotic.
23:44
Where is it? Here it is.
23:46
Patriotic American right there, right?
23:49
Right by the. Pin backs box.
23:51
Patriotic American. But we've been, we've been told
23:54
that Putin is bad. Everybody.
23:56
Hates Putin. And remember back two years ago.
23:59
Putin was dying. Putin was.
24:01
Crazy. Remember the?
24:02
Pictures they would show. Of him sitting at a table by
24:05
himself and, and, and he was, he was paranoid and crazy and he
24:08
was. Sick for a while.
24:10
Right. And they said the same thing
24:11
about the North Korean leader. They thought he died.
24:13
He was so sick. They said that.
24:15
Do they think we're dumb? I mean, come.
24:18
On Just Tell Us the Truth. Sorry I get so upset.
24:21
Putin. I mean, where's he been?
24:23
In the last month he went to China right?
24:27
Or I met. With the China.
24:28
He went to Vietnam. They signed a big agreement with
24:31
Vietnam I thought everybody hated.
24:33
Him. He went to North Korea, right,
24:35
and signed a big agreement with North Korea.
24:37
And now? And now we have Putin.
24:43
Getting a visit from the. President of this, right this
24:48
the president of India, right? The bricks.
24:51
Right, the optics. Of a Vladimir Putin personally
24:53
driving Indian Prime Minister Nandera Narendra.
24:58
Sorry Narendra Modi. Everybody calls him Modi around
25:02
in a mini. Electric car.
25:03
At his residence. So show just how.
25:06
Chummy. The two leaders have become
25:08
Modi's controversial. Visit to Moscow.
25:12
Which coincided with Russia. Raining missiles down on a
25:15
Children's Hospital in Ukraine. I'm not just going to tell you.
25:19
The the, the the. Fact is that the Russians claim
25:22
that those were actually Ukrainian defense, whatever the
25:26
the guy from Russia said. If we if it would have been one
25:29
of our. Missiles the whole hospital.
25:31
Would have been blown up but anyway, horrible tragic tragedy
25:34
anytime children are. Hurt or killed?
25:36
I don't like war. You don't like war?
25:39
We'll leave it at that is a sign that the West.
25:41
Sanctions and attempts to isolate.
25:43
Putin over his war. Are having limited.
25:47
Effect. Well, at least.
25:47
CNN is is telling us. That guys, the world.
25:51
Is changing at a. Pace like we have.
25:53
Never seen before. OK, we talked about this A.
25:58
Year and a half. Ago based those of you.
26:01
Those of you senior basement dwellers have been around for a
26:04
while, right? Right when when Putin and
26:06
President Xi of China were together, and they were.
26:09
Embracing each. Other as they leave.
26:11
As they left and they said the world is changing right now like
26:15
never before and we meaning Russia and China.
26:18
Are at the forefront again. Guys, I love my country.
26:22
I love what Thomas Jefferson and Andrew Jackson and Hamilton.
26:26
And Washington? 10 and those guys stood.
26:27
For right but. We got to be real here, baby.
26:31
Right, things aren't looking so dandy dandy for the United
26:35
States right now. It's just a crazy, crazy.
26:38
A situation we're going. To get the gas lighting.
26:40
Are you being gas lighted? Have you heard that term?
26:43
I don't know or. Anything like me I would hear
26:45
gas lighting and I'm like, I don't.
26:47
Understand what gas lighting means.
26:48
We're going to get to that. But let's read a couple.
26:50
Really great. Comments that we got from Ron's
26:54
basement. Basement dwellers.
26:57
Because you guys are important. I'm at the expand this and here
27:02
we go. OK, you know, we'll start with
27:04
rude awakening. He's been around for a while.
27:07
He put this a comment on one of the recent videos about facts.
27:11
Facts. Not an opinion.
27:13
Physical silver. This is for a silver lovers.
27:16
Is going into its 5th. Year of a Global.
27:18
Deficit silver solar farms. Are being developed.
27:21
And being put online as we speak.
27:24
A 33,000. Acre farm just opened, just
27:29
turned on last week. China's also planning 191 more
27:34
just like it, remember? Guys, this is.
27:36
Critical. They're not solar farms, they're
27:39
silver solar farms because each one of those.
27:43
Panels has at least two. Thirds of an ounce of silver and
27:46
some people say even more fat #2 not opinion India's government
27:51
advised citizens to. Hold off gold purchases.
27:54
And replace them with. Physical silver purchases now I.
27:57
Had heard that. About China and seeing.
28:00
Very credible reports. That this you know 4. 5-6 weeks
28:03
ago. The Chinese government's telling
28:04
their people hold off on gold by silver.
28:08
Rude awakening is telling. Us that that's also.
28:11
Happening in India maybe? That explains why India
28:14
imported. You know, 125 million ounces of
28:18
silver and what the 1st? Quarter of this year.
28:21
And we know that that represents what at least I don't know, 15%
28:27
of the world's mining production Chinese government.
28:31
Stockpiles of silver facts. Not opinion.
28:34
Shanghai Exchange post a $4.00 per oz higher physical silver
28:38
than the manipulated Comex. OK.
28:41
Let's go back to this. One, this is from silver.
28:44
Bowl Double O. 7 Hi Ron, when I was in India.
28:47
OK, this is. A man on the ground.
28:50
I was told that parents explain to their kids and grandkids that
28:55
they should aim to own their body weight in silver.
28:59
I've heard that myself many many times.
29:02
And 10% of their net wealth in gold.
29:06
India creates numerous billionaires annually.
29:08
So anyone saying that all Indians are poor?
29:11
Have. Clearly never been there.
29:13
Indian people are generally well educated and very clever
29:17
entrepreneurs. Keep up the great job, Ron.
29:20
Well, thank you, Silver. Bowl those that understand what
29:24
an assimilated example. Is we'll always appreciate.
29:28
The job that you do, yeah. And that was based on this idea
29:31
that I had. It was just a simple example,
29:33
and I got attacked. I mean, wow, by a number of
29:37
people that if there's 1.4 billion people in India.
29:42
If you take 70. Percent of 1.4 billion, that
29:46
comes to 980 million people. OK, just 7 out of 10 Indian
29:50
people were to buy one ounce. Of silver it would wipe out
29:54
basically wipe out the the the the years of supply provided by.
29:59
All the mining and pretty. Close to the recycling activity
30:04
as well, so. Thank you guys.
30:06
For those, let's talk. It's about gaslighting.
30:07
Let's have you been. Gaslit Have you heard this term
30:10
gaslighting? Maybe you know.
30:13
This is the Maybe you don't, but I'm going to.
30:15
Tell you I just. Learned it.
30:17
I want to. Share with you what?
30:19
It means, and again it comes from our good friend Mr. Big
30:23
John Little. Over at the Silver.
30:27
Academy the silver industry sub stack.
30:30
This says the economy has never been stronger and there's gas
30:35
lighting right there. Let me make sure I'm still
30:37
paranoid. There we go.
30:39
All right, so now. This is what gas.
30:42
Lighting is OK. OK.
30:44
The term gas lighting originates in the 19. 38 British Play Gas.
30:47
Light by Patrick Hamilton Which? Was later adapted to two.
30:50
Firms. The British version of the 19 in
30:54
1940 and a more well known American version.
30:57
OK. Blah blah blah So.
30:58
It's from a movie. One of his tactics, OK.
31:01
Well, here we go. Title Gaslight In the story, a
31:06
husband manipulates his wife imagine that into questioning
31:11
her own sanity as part of the scheme to steal from her.
31:14
One of his tactics involves dimming.
31:19
The gas powered lights. In their home.
31:21
So back in the day people had gas powered lights in their
31:23
home. I know that was the fact here in
31:25
Saint Louis. So this guy would dim them.
31:27
Very, very subtly, very slowly. While insisting to his wife that
31:32
the lighting hadn't changed, making her doubt her own
31:36
perceptions. The plot of the.
31:37
Play and films depicts an elaborate form of psychological
31:40
manipulation where the husband systematically undermines his
31:43
wife's confidence in her ability.
31:46
To perceive reality accurately, this portrayal.
31:50
Gives rise to the term. Gaslighting as we use it today.
31:53
So it's, it's be, it's, it's a, it's a.
31:56
Situation where people are manipulated.
31:59
But very subtly, very slowly. And then but what they're
32:04
experiencing if you're being gaslighted?
32:07
What you're. Experiencing doesn't reconcile
32:10
with what you're perceiving to be reality.
32:14
So I think that the. Today, gas lighting is defined
32:18
more broadly as a form of psychological manipulation in
32:21
which a person or group causes someone to question their own
32:24
sanity, memories, or perception of reality.
32:27
It's now recognized form of emotional abuse and can occur in
32:30
various contexts, including personal relationships,
32:33
workplaces, and even in politics and.
32:36
Media. So then, here's the example.
32:38
The White House press press secretary.
32:41
Who? I'm just not fond of this
32:43
person. OK.
32:44
It's OK. I don't have to like everybody.
32:46
Maybe you? Like her?
32:47
That's great. But anyway, Corrine Jean Pierre.
32:51
Was ripped. By critics after she claimed on.
32:54
Thursday that the US is. Stronger economically than we
32:59
have been in history. So that's the gaslighting,
33:03
that's. Going on right now.
33:04
Are you? Are we?
33:05
Experiencing it, we're being told.
33:07
That everything's. Great, right?
33:09
Who? Who is?
33:10
Is this a gas light? Are you ready to see the Queen
33:12
of Gas lighting? Hold on.
33:14
There she is, here she. Is right.
33:19
Oh, remember, right. Everything's great.
33:21
The economy's strong. Everything's wonderful, right?
33:25
Is she a gas lighter? Is he a gas lighter?
33:30
Yeah. Everything is great, the economy
33:32
strong. What are you complaining?
33:33
About people, right? Yeah, No.
33:37
It's not strong. Things aren't good, right?
33:39
Remember. Those two people I just showed
33:41
you. They are not on your side unless
33:46
you're part of the one. Percent, in which case you're.
33:48
You're probably. Watching this at the country.
33:50
Club. But if you're in your basement
33:52
like me or your family room or your.
33:54
Trailer or wherever you're watching.
33:56
From and. By the way, I really.
33:58
Appreciate you being here. It is a big deal that you.
34:00
Give me your time that you. Decide to dive.
34:02
Into the deep end to to look at things for what they really.
34:05
Are. Thank you for being here, right?
34:08
I mean, isn't it cool? That's one thing we can.
34:11
Be very grateful. For with this modern form of
34:13
technology, we can have like this where we can come.
34:16
Together, I hope you feel. Like you found yourself a little
34:19
home away from home. Because we love to talk.
34:22
About silver and gold, and especially during the summer
34:25
time, we like to dive into the deep end of the pool.
34:28
Right. Play 3D.
34:29
Chess. You know, I was talking to Susie
34:31
this morning. We're going to get back to
34:33
gaslighting my wife Susie, and she got mad at me.
34:37
We had a little. Problem because I was like
34:39
rushing to get down here. I do put a lot of work into
34:41
putting these live streams. Together, a lot of effort.
34:44
And it's it can be I. Can get a little stressed,
34:47
especially right before I go live.
34:50
And she was watching the Today show and she like.
34:52
Paused it, she said. They're going to have Jerome.
34:54
They're going to talk about Jerome Powell.
34:56
Do you want to watch the part about Jerome Powell?
34:57
I'm like. No, I said.
34:58
I've. Read about it.
34:59
I know what's going on with Jerome.
35:00
Powell, I said the Today. Show is like Sesame Street for
35:03
economics and she she did not. And I understand, right.
35:06
I didn't mean that like to her, but I'm like, it's very basic
35:10
and that's the gas. Lighting right, that's.
35:12
What's going on? We're being told these things
35:14
over and over, but when we. Live our everyday.
35:18
Lives and what we experience. Out there, it's a.
35:21
Different story all together. So that's why I hope that clears
35:24
it up for. You what gas lighting because
35:26
it's a term that we're. Starting to hear more and more,
35:29
more and more frequently. And on that, on that note,
35:32
right, if everything is so great, I mean, this came from
35:36
our friends at at CNN, right? Americans are suddenly finding
35:41
it hard to land a job. And again, this is feeding him
35:44
with this narrative that's going to be fed into even more
35:48
tomorrow when we get a low inflation number that the.
35:51
Fed needs to take. Action and isn't it interesting
35:54
that it's all like timing wise perfect, perfectly convenient
35:58
with with the fact that we have a major election coming up in
36:02
what four months right now, right, almost just four months.
36:05
Wow, sooner than I thought. Job.
36:08
Job. Seekers were calling the shots.
36:10
Blah blah blah. You know that whole story.
36:12
Many employers couldn't even require that workers return to
36:15
the. Office blah blah blah, but.
36:17
Now, but the tide is starting to turn suddenly.
36:24
The red hot. Labor market is feeling closer
36:26
to lukewarm for job seekers. The unemployment rate rose.
36:30
Blah blah blah. Right, we know that we went
36:33
from. How is the job market?
36:35
Defying gravity. Listen to this quote.
36:39
We went from how's the job market defying gravity to let's
36:43
hope it doesn't hit the ground any faster.
36:46
That's from Luke Perdue. Policy Director at the.
36:48
Aspen Institute's economic strategy.
36:51
Group. He told that to CNN.
36:53
Pay increases are leveling off. All right, all right, because
36:57
you know those. Employers, they won't give
36:59
raises. Unless they have.
37:00
To. People are staying unemployed
37:02
for. Longer.
37:05
Excuse me, I'm sorry about that. People are staying unemployed
37:09
for longer. Some industries are even laying
37:13
off more workers than they're hiring.
37:15
How do they? How do?
37:16
They expect. Us How do they expect us to
37:19
believe people are getting laid? Off I know a.
37:21
Couple people. Personally, that work for big
37:24
name brand companies. One of them starts with the.
37:26
Letter A and and puts. A lot of brown boxes at your
37:30
front door. That got laid off lately.
37:33
OK, people are getting. Laid off.
37:35
Everywhere go to a rest, go to, go to your, go to.
37:37
Your local restaurants, it's 7:00 on a weeknight on a
37:41
Thursday or a Wednesday. OK, things are are absolutely
37:46
slowing down. Very, very quickly, very
37:49
precipitously. Here in the United States and in
37:52
the US economy, man, are we on the verge of a major summer,
37:59
early summer rally. And silver and gold.
38:03
I mean, it is sure feeling. It is sure feeling like we are
38:07
set. Up for it.
38:08
I can't believe. Do you believe?
38:10
Because I can't believe, I mean, we, we are.
38:14
What's the word? I'm looking for we are.
38:16
It's in play, man. I've been looking for that.
38:20
It's in play right now. OK it.
38:22
Could wind up right. We could still.
38:24
We could still look six weeks from now.
38:26
We could be. Talking about $2100 gold, we
38:29
could talking about 2200. Hopefully nothing lower than
38:32
that. We could still be.
38:33
Talking about $27.00 silver but right now?
38:37
If we take stock. Of what's going on right now,
38:39
the summer rally in gold and silver is in play and.
38:43
Guys, it's so critical. That we remember #1.
38:47
It's OK, we deserve it. We could have $3000 gold.
38:52
We could have 44. Dollars, silver, and it could
38:54
happen a lot quicker than a lot of us, I think, are willing to
38:58
believe that. It could happen.
39:00
Right now, again, the inverse could happen.
39:02
Don't make any financial decisions based on anything I'm
39:06
saying here. But the big big Does it make
39:09
sense? To you, do you?
39:11
Agree with me on this right? Maybe you don't send me an
39:14
e-mail, send me a, you know, a tech, whatever.
39:18
Do you agree right that because. Of the.
39:21
Gross manipulation, the gross perversion that's occurred
39:27
within our monetary and fiscal system in the.
39:31
We're running like a $2 trillion deficit in this country.
39:35
Think about. That for a second.
39:37
These are are you being gaslit? Hold on, I'm going to do it mega
39:41
fast, right? Remember, everything's fine.
39:49
Remember, oops, sorry, everything's fine.
39:53
OK, if everything's so great. Janet and Jerome, then we.
39:58
Basement dwellers. I have a.
39:59
Question to pose to you if. Everything's so great.
40:02
Why does our government have to run a $2 trillion?
40:05
Deficit why does our government. Have to run a 35 trillion.
40:11
It'll be there in a couple. Weeks $35 trillion debt level
40:16
right, the highest ever. The only other time.
40:19
We had this high of a debt to GDP is when we just finished
40:22
fighting the biggest. War in the history of the
40:24
planet, and it just emerged from the biggest depression in the
40:30
history of the planet. But you're going to.
40:31
Tell us everything's fine, right?
40:33
That's why things can happen quicker.
40:35
That's why potentially, yeah, we could.
40:37
See an early summer rally in the gold.
40:40
Price, right? Who knows?
40:42
2826 hundred Who knows? Where it could go here, right,
40:46
$44 silver. It's a.
40:48
A real, real reality. OK, and it could happen.
40:51
Let's run out. We do this every time.
40:54
It's a it's a basement dweller show, let's say.
40:56
Thank you first mining gold for sponsoring Ron's basement.
40:59
You can learn more about them. At first mining gold dot.
41:01
Com and Fortuna Mining. You can learn more about them at
41:05
Fortuna mining.com. But let's go out to the Pin
41:09
Backs website. We do this.
41:12
OK, we're going to do our. Update Let's see.
41:14
In the last 20 minutes, how put you know?
41:17
Who knows? Guys right, Silver could be.
41:18
Red. I hope not.
41:20
Let's see, it is. Oh my God, that's.
41:24
What we deal? With.
41:27
I'm not laughing, I'm not happy. But that's that's remember the.
41:31
Volatility in the silver. Price that we're seeing big
41:34
moves, $0.50 up, $0.50 down, a dollar up, a dollar down.
41:40
That is an indicative of big, big, big, big moves.
41:44
To come in the future so hang in there thank you for being part
41:47
of the basement thank you to the moderators we've got Annie
41:51
Oakley Jake from jake's custom parts big 10 the.
41:54
Silvershire, but thank you. For being here, thank you.
41:58
For your support, OK, and we will see you.
42:01
Again soon. Be nice to yourself, be nice to
42:04
those around you, the best you can you.