Latest / The Big Mig Show / Global Finance Forum From Bullion To Borders We Cover It All |EP568

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Global Finance Forum From Bullion To Borders We Cover It All |EP568 · The Big Mig Show

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Music. The.
1:00
Welcome back to the Big Big Show Global Finance Forum, the number
1:04
one finance show on Rumble powered by Genesis Gold Group
1:08
with your hosts Lance Miliaccio and George Ballantine.
1:11
From Bullion to Borders were your go to source for cutting
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edge insights of the world of finance.
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Of course, Genesis Gold Group believes in empowering faith
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driven stewardship with gold and silver integral part of a
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balanced portfolio. Protecting your finances with
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precious metals has never been more crucial.
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Join us as we explore the forces shaping global markets, the
1:30
power of precious metals, digital assets, and the dynamics
1:34
that influence economies across the globe.
1:37
George B, my brother, how are you, man?
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I'm doing good. Second show of the day.
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It's frat day. Yeah, round two, baby, round
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two, doing what we do. Of course, we're excited.
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First of all, I want to thank you guys for coming and watching
1:51
the show and of course, making us the number one finance show.
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We're only doing the show on Fridays at 1:00 PM 'cause we
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like to do it as a financial roundup show.
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Kind of give you all the details in case you were busy all week
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You're not going to want a minute.
4:00
I miss a minute of getting caught up for the week on all
4:03
the big financial stuff. George, how are you bro I?
4:09
Have to correct you on something, Lance, because yeah,
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you did say, you know, all you got to do is cut off a piece.
4:14
You don't have to cut off a piece.
4:15
All you got to do is break me off a piece of that prepper bar.
4:19
Yeah, yeah. I was saying you could have to
4:21
cut a piece off of A1 oz coin. These you can actually break
4:24
off. No.
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No, no, I thought I did OK. Well, maybe not, who knows, I
4:29
could make. Me off a piece of that prepper
4:31
bar. There it is.
4:34
All right, So you know, there's lots going on.
4:37
Let's talk about the digital gold rush. 9 billion inflows
4:43
into the Bitcoin ETF as gold maybe loses a little bit of its
4:48
shine in comparison. People are very confident, of
4:51
course, Bitcoin 2025 going off in Las Vegas ended yesterday, I
4:58
believe. Is that right, George?
5:00
Yes, it was from the 27th to the 29th.
5:03
Now, I think a lot of people stayed over so they could try to
5:05
do their connecting and see what they could get done.
5:09
I know a lot of people are still in Vegas or maybe they're just
5:11
going out. What do you think, George?
5:12
I think they're cashing maybe some of their Bitcoin and
5:16
hitting the casinos, I don't know.
5:17
Maybe Scottie Pippen's there. I know that, but he's been
5:20
posting online. He's a Bitcoin guy.
5:22
You do all. Your you do all your networking
5:24
there because I got boots and stuff set up so.
5:27
Yeah. So I think this is a a really in
5:30
my opinion of defining pivot in the global financial order.
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When you look at over 9 billion flooding into US Bitcoin ETFs in
5:38
just the last five weeks and leading the charge, of course,
5:44
none other than BlackRock, the world's largest asset manager of
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course. And at the same time,
5:50
traditional gold backed ETFs long viewed as a safe haven and
5:54
turbulent times, which I'd have to say we're in turbulent times,
5:57
our bleeding capital, they've been shedding more than 2.8
6:00
billion. And I think at this, this, this
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is the beginning of a historic capital migration from gold to
6:06
Bitcoin. It might very well be.
6:08
So you're looking at 9 billion and 80.
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I think it's almost almost 1,000,000 and almost a million
6:14
more actually 9,000,080. 9. Billion 80. 9,80,000,000 just
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say it's just say 9 billion. Yeah, OK.
6:26
All right. A 2.84 billion withdrawn from
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gold ETFs, Blackrock's I share Bitcoin Trust leads the pack
6:33
with the most inflows of anybody.
6:36
Behind that is Fidelity, Grayscale on ARC.
6:40
So that's kind of a big deal. Of course, Fidelity's really
6:43
being a big player in there also.
6:45
So now Bitcoin ETF market command over 640,000 Bitcoin.
6:52
Oh right, sovereign wealth. But why does this what's the why
6:56
does this matter? What is this shift?
6:58
Why? Why are we shifting from this?
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Lance I'm. Going to tell you well.
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The narrative's changing. You know gold has been the
7:08
world's go to hedge for for millennia, right?
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It's always been gold. It's gold to me.
7:12
Gold's still going to be number one because it's from the day
7:15
was discovered, it's always held value, it's physical, it's
7:19
beautiful, Julie, everything about it.
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But if we're talking about in today's decentralized
7:24
data-driven world, Bitcoin is no longer just another crypto.
7:29
It's emerging as a digital monetary anchor.
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And you, you could see it just from this conference.
7:35
We had what, JD Vance there first time ever vice president
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there 1st. He's the 1st Vice President to
7:44
ever attend. Right.
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And you got Bitcoin reserves, United States got it.
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A lot of other countries is doing it.
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So I mean it's emerging and plus it was the front runner crypto.
7:56
How can you not go wrong with it?
7:59
I mean, what you're you, we always talk about like all the
8:02
institutions, even though we we want decentralization, that's
8:04
our main goal. But institutions are hedging
8:07
against sovereign debt risk. I don't know about that one.
8:11
What do you think on the debt risk there?
8:14
No, I think that's accurate. I think of course it's always a
8:17
concern because when you look at the governments across the globe
8:20
that do have debt issues just like the United States, 34
8:23
trillion in debt on its way to 35 trillion, you know, it's a
8:27
concern, right? And of course there, I think the
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other potential reason that institutions are kind of moving
8:31
to it is they're bracing for the potential of what bricks on de
8:35
dollarization and the currency wars that are kind of heating
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up. And I think I don't think
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there's anybody that isn't looking towards liquid
8:43
programmable and borderless assets.
8:46
It's really seems like that's kind of the future of where
8:48
everything's heading. And I think the regulatory
8:52
clarity that's happening in this administration is really kind of
8:57
leading the the forefront of this cause.
8:59
Of course, we've had many ETF approvals.
9:01
We know we've got ETF approvals coming on in on XRP, Ethereum
9:05
and many others. So you know this, what we've
9:08
done by getting rid of Gary the Weasel Ginsler is we've kind of
9:12
really opened things up. And I think with the BRICS
9:14
nations expanding trade, you know, in gold and local
9:17
currencies, George, I think these American institutions may
9:20
be trying to counterbalance by doubling down on digital reserve
9:24
assets. At least that's my opinion.
9:26
Yeah. And so this isn't, you know,
9:29
it's not just about inflation hedging, right?
9:30
It's about Geo strategic alignment.
9:35
But Lance, I, I got, I want to bring up though something.
9:37
But so you look at the government's stockpiling on
9:44
Bitcoin reserves, right? Ever.
9:47
I'm wondering are all these governments trying to monopolize
9:50
and get as much Bitcoin as they can and be the the sore holders
9:56
of it just when they can control it?
9:58
Well, there's only a limited number of Bitcoin, and we don't
10:00
know how many people have lost access to their seed phrases.
10:02
So we don't really know how much is out there.
10:05
We know that Satoshi Nakamoto's wallet, which is the biggest
10:08
Bitcoin holder of any wallet out there, it still hasn't come back
10:11
online. A lot of people think it's Paul
10:13
LaRue. The timing is strange because
10:15
he's in he's in prison, and when he went to prison, it all got
10:18
shut down. Some other people think that
10:20
maybe Paul LaRue made some kind of a deal with the CIA and that
10:23
the CIA is controlling that wallet at this point.
10:26
Are they? I have no idea, you know, but
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look, I think the think key is, is a Bitcoin at the moment is
10:32
unconfiscatable, right? Untouchable by sanctions and
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it's borderless. I don't so I'm I don't know is
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that it like an accurate statement saying it's
10:41
unconfiscatable because they have confiscated before
10:45
governments, our own governments compensated Bitcoin from people.
10:49
Well, I will say this, you know, is it truly completely
10:52
unconfiscatable? Probably not.
10:54
Although there are dark wallets for about 10 grand at these
10:58
conferences, you can find wallets that basically have no
11:00
tracking on them. They're the old wallets, and
11:03
those old wallets make it extremely difficult unless you
11:06
get caught with it in your possession.
11:08
These are these are cold storage wallets make it very difficult
11:12
to even know whose wallet that is and who's trading it.
11:14
So unless you got caught actually interacting, let's say
11:18
you were on the dark web and you decide you're going to buy
11:20
yourself a Stinger missile and they could track that back and
11:23
then you'd have to actually be caught with the wallet because
11:25
the wallets come with basically no identity attached to them.
11:30
So it's a true thing. I you know, it's interesting.
11:32
I only learned about that about a year ago.
11:34
But you know, I think that I think the basic thing here,
11:37
George, these inflows really, in my opinion, represent a real
11:40
paradigm shift in trust. Well, I mean, we can look at
11:44
like, all right, let's take Wall Street, right?
11:46
You know, opinions are that Wall Street made Bitcoin boring,
11:50
which is a good thing. It means it's here to stay.
11:53
And the fact that trillions are now potentially being
11:57
repositioned tells you that the digital gold has arrived.
12:03
Now, I like that digital gold, the physical gold is gold, even
12:07
though it's not in Fort Knox. Everybody, we've been saying
12:09
this. Yeah, no kidding.
12:11
We cover that on today's show. George and I, if you didn't
12:14
catch that show, you should, you know, watch the Big Ming show
12:16
from today. No, that was yesterday.
12:19
Oh, yeah, I'm sorry. That was yesterday.
12:20
Thursday, I forgot because sometimes these days run
12:22
together. So Thursday, you definitely want
12:24
to check out. Watch that show.
12:26
And we'll give you all the details of why we don't believe
12:28
the gold is there. Clearly enough.
12:30
Elon Musk doesn't believe it's there.
12:32
I'm not sure that that's not part of how he's feeling right
12:35
now. And Donald Trump sure has gone
12:37
all crickets here. No evil speak no evil, See no
12:41
evil when it comes to Fort Knox, you know, just doing there's.
12:44
No gold, but like what? Crickets.
12:46
Let's talk about what does this mean for our global markets.
12:48
So gold, gold is revelant. It will always be.
12:52
I always say this, it's going to, it's always a top holder for
12:56
your money if you want. You know, you should be
12:59
diversified in some bullion, Yeah.
13:00
But it's no longer the only store of value that institutions
13:03
trust. And you know what, Lance?
13:06
I wonder if this big shift is because we don't, there really
13:09
is no gold in Fort Knox. So they're going to go with the
13:11
bitcoins now. I don't know, maybe Bitcoin.
13:14
Bitcoin has definitely matured into an asset class with liquid
13:18
liquidity, compliance frameworks and, you know, global custody
13:22
because you see all these other governments now doing Bitcoin
13:25
reserves. But central facts, they're
13:27
watching closely to keeping an eye on US Bitcoin reserves.
13:32
So what can we expect from this? You can probably think of, you
13:35
know, new frameworks for crypto asset integration into sovereign
13:38
balance sheets. And the more I hear about
13:42
central banks, the more I hate it because I just want them out,
13:46
keep them away. Let's just get rid of central
13:48
banking. We don't need and you know, just
13:50
for the audience, I don't want you guys to think this is some
13:52
sort of a 0 sum game. A lot of people are like, well,
13:55
what should I hold? Should I hold Bitcoin?
13:56
Should I hold gold? First of all, buy and hold in
13:59
Bitcoin is very tricky. That's one of the reasons we
14:01
always talk about Block trust IRA on on this show.
14:04
We tell you about it because it's, it's a, it's a, a product
14:07
that actually uses an AI product for trading Bitcoin.
14:09
So you they're looking for volatility.
14:11
They don't care whether it's high or low and they're, they're
14:13
out. They're really beating the
14:15
Bitcoin buy and hold strategy. So you should check that out.
14:18
Block trust IRA later on we'll talk about it block
14:20
trustira.com. But here's the deal.
14:23
I think the analysts, you know, are suggesting that portfolios
14:26
need to be a kind of balancing and diversifying into both
14:29
assets. I think gold is great for
14:32
traditional security and a lot of people are predicting gold's
14:34
going to be 4000 oz. We'll talk about that in a bit.
14:37
But Bitcoin is kind of the thing where it's, you know, it's
14:40
innovative and the portability of that, especially if you're
14:43
traveling quite a bit, you know, they've got now they've got
14:46
credit cards that could be linked to your Bitcoin wallet
14:49
and you can use that to pay for items and a lot more companies.
14:51
Look, look at Steak and Shake. They went to the Bitcoin
14:54
conference, brought in all the bit, the Steak and Shake cows,
14:58
and they're promoting the heck out of it.
14:59
They're talking about the fact that they're getting their
15:01
transactions much more quickly. They've cut down on transaction
15:04
fees and people are paying for their burgers with Bitcoin.
15:07
And let's face it, that was something that was totally
15:09
unthinkable just about what, three years ago?
15:13
Paying for a burger with Bitcoin?
15:15
Tell that the guy. Tell that the guy.
15:17
Just comes down to the fact that, you know, right now, the
15:20
fact that if you think about that Bitcoin surpassing gold in
15:23
these ETFs, yeah, it's probably kind of a big deal.
15:25
I mean, when you really think about that as far as the grand
15:28
scale, you would have never thought if we said that three
15:30
years ago, people would have said George Lance, you guys are
15:33
freaking crazy. Yeah.
15:35
That's never going. To I might have said that I
15:37
mean, just just tell the guy that paid 40,000 Bitcoin for two
15:40
pizzas. But listen, this isn't just a
15:42
market movement, right? We're talking about monetary
15:46
reformation in real time. And you look at when big
15:51
companies like companies like BlackRock moves, a lot of people
15:55
the world follow, even the world will follow.
15:57
And you got to look at BlackRock, it's 9 billion and
16:00
this is just the opening act with them.
16:03
So the error of institution Bitcoin is officially here and
16:08
it's not going away. But with Bitcoin, others may
16:12
follow. You're going to have ETH, you're
16:14
going to have XRPI. Think XRP is going to be the
16:16
next front runner. We'll see.
16:18
Yeah, we're still waiting. For what's going on, you know,
16:20
David Schwartz had some interesting things to say.
16:23
He had an interview at the Bitcoin conference that I
16:26
watched, and he had some very interesting things to say about
16:28
the institutional adoption of XRP and some of the
16:31
announcements they've got coming up.
16:33
So a lot of people think that we're going to see a massive
16:36
move on XRP. I always tell people, they say,
16:39
well, what do you think I should buy?
16:39
I said the first thing you should buy is stable coins.
16:42
After that, you know, I think looking around, but I think
16:44
sticking with all coins is kind of the move.
16:47
Most people can't afford a Bitcoin.
16:49
So maybe maybe you can invest with a company like Block Trust
16:51
IRA. That's an opportunity that you
16:53
should check out. Anybody hold on, Anybody can
16:56
afford a Bitcoin, that's a great, that's a beauty about it
16:59
you don't need. A piece of a Bitcoin.
17:00
I didn't mean the whole 1. Yeah, no, I know.
17:02
But you know, some people may not know that.
17:04
No, no, no. But I said a Bitcoin.
17:06
I didn't say a piece of a Bitcoin.
17:09
Yeah, but you could just say any, I just say my, my world.
17:12
I say anybody can own Bitcoin. You can, you can own $100 worth.
17:16
You can own 10 million worth. The the choice is there.
17:18
Is no doubt that you are accurate about that.
17:19
So yeah. That is true, all right?
17:22
Gold at $4000 an ounce. That's the prediction that
17:24
Goldman Sachs is making. It's kind of a bombshell
17:27
forecast. You know, I think as as far as
17:31
we've said before, we think gold is going to keep moving.
17:34
We think that silver is undervalued.
17:37
And of course, you know, bitcoins got the spotlight, but
17:39
you have to look at what's going on.
17:41
There's some moves going on in bricks.
17:43
And now Goldman Sachs saying that gold could hit $4000
17:46
rounds, that's going to that's going to shatter all the
17:49
previous records. You know, we already hit that
17:50
record at 3500 and change. And I think this is kind of a
17:54
big play here, George. This is they're predicting that
17:57
yellow metal, which has been dismissed by a lot of the young
18:00
traders in favor of digital assets and meme coins, could
18:04
could really hit some big numbers here.
18:09
It could, but like we talked to like the meme coins.
18:13
The meme coins are have been slowly like being brushed under
18:17
the rug. There's too much nefarious
18:19
things going on with it. But when you have the like your
18:22
big cryptos like Bitcoin, XRPETH and Solona, you have like it's
18:28
it's security with those in a sense.
18:30
But gold, I mean, they're saying 4000 by the end of the year.
18:35
My prediction was 38. So I could actually maybe see
18:38
this possible. It's fluctuating now it's I
18:41
think it's it's around 3300 and change today gold.
18:46
So I mean. Yeah, well, it's kind of a
18:50
perfect storm this way. Yeah, it is.
18:52
When you see a weakening U.S. dollar, of course, because of
18:55
the debt monetization and the all those ballooning deficits.
18:58
That's why everybody's so worried about the big beautiful
19:01
bill. They're worried about the
19:01
continued debt. Of course, that's always a plus
19:04
for gold. And then the potential for
19:06
global de dollarization with bricks, it's bricks is still
19:10
moving along. It doesn't have as much momentum
19:12
as it had before Donald Trump became president.
19:14
But you're looking at pushing local currency trades and gold
19:17
and, you know, in gold settlement, that's another
19:19
impact. And then you've got a lot of
19:21
geopolitical instability. Yeah, pretty much we're, you
19:23
know, you know, war risk premiums, trade breakdowns,
19:27
bunch of sovereign default fears because of it.
19:31
And then, you know, add this to this, and a lot of this has got
19:34
to do with bricks. You're seeing lots of central
19:36
banks, George, accumulating, you know, and they're reaching what
19:39
I would consider decade highs, even though we don't know how
19:42
much gold the United States has. A lot of these other countries
19:45
are fully audited and we do know what they have and they are
19:49
stockpiling. Are they fully audited?
19:52
So, well, at least at least based on what they tell their
19:56
audiences and they've had some of them have actually had visual
20:00
audits that I've read about. I looked it up a couple days ago
20:03
when I was thinking about the whole Fort Knox audit.
20:06
I was wondering if other countries did audits.
20:08
And in fact they have some of them do video audits along with
20:12
other stuff using independent companies to audit their their
20:16
bullion I. Mean have you go watch our show
20:22
from Thursday. Listen, it could could be gold,
20:26
but it could be tungsten, right? Tungsten I believe it is weighs
20:29
the same as gold from the other country.
20:31
Tungsten. Who knows?
20:32
Played tungsten, whistleblowers came out, George, that's what we
20:35
were talking about. They said that Fort Knox some of
20:38
the bars are tungsten and they are gold plated.
20:41
So I mean, so you don't know if other countries are doing that
20:43
too. We don't know.
20:44
Oh yeah, you're right, Valid point.
20:47
So I mean, who the hell knows? But I just want to know, and
20:52
I'll say this, where's the gold? Who has the gold?
20:56
Well, I think what's really important about this is that,
20:59
you know, to me, when when people lose trust in Fiat
21:02
systems as they start to implode, much like what's going
21:06
here in the US. And I think when governments
21:09
just like the US over leverage and over print that I think the
21:14
smart money moves into a hard asset like gold.
21:18
And that's why gold has survived every single currency collapse
21:22
in history. Well, I mean, you brought up a
21:25
point with like the weakening of the US dollar.
21:27
And you look at investors, they're they don't their main,
21:31
they're not worried about tariffs like you just seen this
21:33
week where a judge ruled against Trump's tariffs and then appeals
21:38
court overturned that. But the investors are more
21:41
worried about debt. That's what hinders them.
21:44
That's what scares them the most is debt.
21:46
And let's face it, and that's what you know, we weaken the US
21:48
dollar. Our debt is go crazy.
21:51
And with this bill that they're trying to push, the big
21:54
beautiful bill. What's mind boggling, Lance, is
21:58
like we, we have to get rid of, we have to start bringing down
22:01
our debt and stop and be cautious of how how our country
22:04
spends money. And that bill didn't have any of
22:08
the doge cuts in it. So now it's going to be
22:12
restructured. It's, you know, it's not, it's
22:14
going to go back to it's going to go in the Senate.
22:16
They're going to add doge cuts. That has to go back to the
22:18
Congress. They're going to have to prove
22:19
it. Who knows?
22:20
They have to go back to some committees.
22:22
I think it's going to be a while before that gets approved.
22:25
And but that investors, you'll see why the that's a good reason
22:29
why the US dollars weakening. Yeah.
22:33
And, you know, Goldman didn't pit, you know, they didn't come
22:35
out and say we're pitting gold against Bitcoin.
22:38
They're just saying that they think gold is a more stable
22:41
hedge, that the Bitcoin still has too much volatility for
22:45
traditional risk models. So when they look at it, they're
22:48
looking at historical risk and saying, well, there's been
22:51
these, you know, gigantic, you know, roller coaster ride in
22:55
Bitcoin if you're looking for stable investment with what we
22:59
consider to be upside and this is it.
23:01
And of course, and they're looking, of course, Goldman has
23:04
access and they pay close attention to all the, you know,
23:08
the, the bank purchases. So central banks right now you
23:11
got Russia, China, Turkey and India, they're all, they're all
23:15
buying lots of gold and putting into their central banks.
23:18
So far, over 1100 metric tons of gold were added in the past year
23:24
to those sovereign reserves. So, you know, and, and, and
23:27
because of bricks and other things, I feel like gold is kind
23:30
of being weaponized. And I think it's a financial
23:32
tool that's insulating against U.S. sanctions.
23:34
Because let's face it, that's what the US government has done
23:37
many times. They've used the power of the US
23:39
dollar to sanction countries. And a lot of people want to
23:43
break away from SWIFT. So you can see why they want a
23:47
non Fiat currency. They don't want SWIFT.
23:50
They want a blockchain system, a decentralized finance system.
23:54
But they still want to have gold as a secure asset.
23:57
Well, I mean to get rid of Swift, yeah, you're talking
24:02
about getting rid of the Cabal in this world.
24:06
But anyway, if you look at gold, though, there's still so many
24:11
monetary values to it because look how it's used in so many
24:14
different applications from from your TV monitors to space on
24:19
vehicles, satellites. It's no matter what, it will
24:22
always hold its value. But will it continue?
24:27
I don't know. I'm going with a coin too,
24:30
though. And like Lance, you said
24:32
earlier, you know it's always good to diversify.
24:35
Yeah. Don't had your money.
24:37
Don't had your money all in one plate.
24:38
Don't put your eggs all in one basket.
24:40
I'll keep it simple right there. Yeah, get different baskets.
24:45
Well, I'll tell you this, I think if gold crosses you know
24:48
3600 in the third quarter, I would expect a lot of these late
24:53
to the party institutions to start really making moves on
24:56
gold themselves, maybe buying Atfs themselves.
25:00
We'll see what happens. I don't know what'll happen but
25:02
and I think the second part of that'll be silver and platinum
25:05
will jump on board with that cycle.
25:06
So I think 3600 because of the support at that is some of the
25:10
levels right now at the 3300, we see a lot of support going on
25:14
there. I think that accumulation is
25:16
really the potential for it to cross over 3600 on this next
25:19
push through that third quarter. I think it's really could
25:22
happen. And you know, a lot of people
25:26
thought it was a barbaric relic. I think not.
25:29
So we'll see. You know, a lot of people are
25:32
predicting some real, real issues in the US dollar if we
25:36
don't get our spending under control, just like you said.
25:39
Yeah, you know, you burn up silver.
25:41
I wonder what's going on with the silver with the EV
25:43
batteries. Samsung supposedly has already
25:46
signed three different companies.
25:48
They haven't announced it. They're getting their production
25:51
system is in place and they're saying that they've signed three
25:53
different large car manufacturers.
25:56
I looked it up about a week ago. Look at that.
25:59
Yeah, I can revolutionize with the EVs and batteries, I think
26:03
it was. 1K of silver per battery.
26:07
Battery pack Not per battery, per battery pack, per vehicle.
26:13
Yeah, but you know what? Like you can always recycle that
26:16
silver when that battery's done and over with though.
26:18
Yeah, Can you imagine that? You know The thing is people are
26:20
trying to be breaking into steal that silver if he keeps going up
26:22
a price kilo's worth a lot now you know, could could start a
26:27
whole new black those. Batteries are not just like
26:30
underneath the hood, they're like.
26:31
No, no, they're underneath the seas.
26:33
Yeah. You have to take the whole car
26:35
apart. Yeah, yeah, I know a guy that
26:37
fixes those batteries. Very complicated.
26:40
All right, let's talk about bricks and the US dollar and and
26:46
let's talk about gold, XRP and the rise of a parallel financial
26:49
system. This is big stuff.
26:52
You know what, what I got to ask?
26:54
You got to think about this. What happens when when five of
26:56
the world's largest economies ditch the dollar, hoard gold,
27:02
and weaponized the blockchain to build their own financial system
27:05
outside of SWIFT? What are your thoughts here?
27:08
George, I mean, listen, it's not.
27:10
People say oh you and your conspiracies this and that, but
27:13
now what now? No, this is legit.
27:14
I know it's not conspiracy theory anymore.
27:17
This is a de dollarization on a global scale.
27:22
And it's just it's actually moving at a rapid pace.
27:25
Bricks is not just challenging the Western dominance.
27:27
They are constructing an entirely new monetary
27:30
foundation. And you know, with Trump's visit
27:33
over there in the Middle East and the way he was treated, my,
27:38
my opinion was that it almost bricks is going to be taking a
27:41
back seat because, you know, you have a new leader.
27:45
They have a lot of trust and faith in them and, and the way
27:49
he does business and especially with with crypto and everything,
27:53
what's going on over there. But however, if Congress doesn't
27:57
get on top of their game and try to fix our financial system
28:02
within too much overspending, do more cutbacks and if our dollar
28:07
keeps weakening, you know, bricks.
28:09
And I'm sad to say, I, and I don't want to even want to say
28:12
the word, but bricks could be looking better and better.
28:15
We should just do it ourselves. But you know what, Lance?
28:18
Why would they do it here in the United States?
28:20
Because there is no gold. Yeah.
28:22
That's only yeah. That may very well be true, but
28:24
you know, and I think this is really important for people to
28:27
understand. So what you're really looking
28:28
at, guys, this is a what I consider a three pronged assault
28:32
on the dollar. So first you've got, of course,
28:35
everybody knows about it, just that they're trying to de
28:36
dollarize all these nations and those BRIC nations, Brazil,
28:39
Russia, India, China, South Africa, many others have joined
28:43
and they want to trade without the dollar.
28:46
Right now they're conducting already 67% of their intra block
28:50
trade using local currencies like the Wan, the rupee and the
28:54
ruble. You know, of course.
28:56
And I think this is a big, this is really a big shift.
28:58
It's a seismic shift. They've always depended on the
29:01
US dollar and now it looks like no go.
29:05
They want to be at X Swift and they don't want any of the US to
29:07
have the ability to use sanctions.
29:09
Now, the big good news is when we come back from the break,
29:12
we're going to be talking about XRP.
29:14
They are at the center of the storm.
29:16
And here's another reason XRP might just blow up.
29:20
So the Global Finance Forum, we're going to take a short
29:23
break. We'll be back with your host,
29:25
George Valentin and myself, Lance Miliaccio.
29:28
If you're an XRP, if you're if you're whole Hodel, you're going
29:32
to want to hear this. This is big news.
29:33
And they are actually very focused on this one.
29:36
I understand. And Brad Garlinghouse has been
29:39
talking to them about implementing all this.
29:42
There we go. Don't go anywhere.
29:43
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Now back to the Bricks assault on the US dollar.
35:00
And where does XRP fit in? Well, they're at the center of
35:03
the storm. We got unconformed reports here
35:06
that this is backed by growing inside chatter now.
35:10
And you know, me and Lance, we do our homework and they're
35:12
suggesting that bricks may soon unveil a gold backed financial
35:17
settlement system. That's right, a gold backed
35:20
financial settlement system with ripples, XRP Ledger serving as a
35:24
cross-border backbone. Now, why is this a good thing
35:28
and why is this matter? And why could this help be in a
35:32
forefront? Because speed, baby.
35:36
And why XRP is the important? That's what I'm saying because
35:38
XRP and I'm saying speed because they they speed it settles in
35:42
three to five seconds and it's scalable to 1500 transactions
35:47
per second, meaning it neutrality not tied to any
35:51
single nation state, which is good.
35:54
The goal would bypass the SWIFT system entirely.
35:58
And God, please make that happen because let's get rid of the old
36:02
Swiss system. Out with the old, in with the
36:04
nude. We're we're new innovations.
36:06
We got to move forward with this.
36:08
We can't be stuck with, I always say like the Rotary phones, you
36:10
know, that help us. So gold and silver stockpiles
36:15
are soaring. Lance was talking about that
36:17
early about other countries. So in preparation for this
36:19
monetary overhaul, bricks central banks are rapidly
36:23
accumulating gold and silver reserves.
36:25
Is our own U.S. government? No, we don't even know if we
36:27
have gold anymore in Fort Knox. Be honest with you guys.
36:30
We can't even get an audit. Our best chance of ever getting
36:33
a real audit of it was Donald Trump and Elon Musk, and they
36:36
even got put down. Yeah, it doesn't look like
36:40
that's going anywhere. It's crickets.
36:41
It's crickets. It's.
36:42
Got to tell you something, man, but not good.
36:45
I think I'm going to say this. I think after, if they do get
36:48
this bill passed, a big beautiful bill, everybody starts
36:52
putting pressure, start putting post up, tagging Trump, yeah,
36:55
Elon Musk and say where's the order of Fort Knox?
36:58
Our gold. Yeah, and let me say something.
37:00
Feel free to take our show from yesterday and, you know, grab
37:03
the link for the show and dump it into Donald Trump's feed and,
37:07
you know, make a comment on one of his posts.
37:09
Do the same with Elon Musk. Do the same with Dan Cuscovino,
37:12
you know, do it with every one of the congressional members.
37:15
Tell them you want an audit, you're tired of it, you want to
37:17
know what's there and you want it on video and you want outside
37:19
auditing companies to be involved.
37:21
Because that tungsten thing that George told you about, we
37:23
covered that. A lot of whistleblowers say that
37:25
they took tungsten, which is a much cheaper metal and they gold
37:29
plated it. And you can't tell because it's
37:30
the same measurement of a bar in tungsten would be the same
37:34
weight as a gold bar. So it's a very dense metal.
37:37
So I think, what's I? Was going to say the only like
37:40
the thing that bothers me, and I'm going to say negative, is
37:43
that China and Russia are leading the way and are
37:45
acquiring so much gold, like tons of it, hundreds of tons and
37:51
you and this. I'd like that buying our budget.
37:52
I'd like us to be acquiring tons of gold also.
37:55
But you know, are we? No, you know, so here's the
37:59
thing. This isn't just about so to me,
38:01
like, look, you always ask, why does all this matter?
38:03
Lance George, why do you think this matters?
38:06
And I think it's just it's it's, you know, I think it's all about
38:08
establishing what they've got in mind here is a new global
38:12
settlement mechanism, which is concerning.
38:14
And that's what they're doing is they're emerging precious metals
38:17
with blockchain, which you've heard us see on the show that we
38:19
really believe that's the future.
38:21
Solem dot global. It's a company that believes in
38:24
that they, they have a stable coin that's gold.
38:26
They're using blockchain technology and AI technology in
38:29
the healthcare industry and go check them out.
38:31
Solem dot global. But I think if bricks is
38:33
successful, George, you got to look at this challenge to the,
38:36
you know, this is a real, you know, in my opinion, legitimate
38:39
challenge. The dollar's dominance in global
38:42
reserves. I think it could very well
38:44
undermine Western sanction powers because again, they
38:47
wouldn't have the ability to do that since everybody would be de
38:49
dollarized. And there are a lot of countries
38:52
that are still on the sideline. But I think, you know, Post
38:57
dollar Financial Alliance is appealing to them.
39:01
So I think this is kind of a monetary insurgency that we're
39:04
seeing here. No surprise.
39:06
XRP, you know, we're big supporters of XRP.
39:09
We believe in it now that they're out of the courtroom and
39:13
they have made a lot of deals that have never been announced.
39:16
So this is a central bank, you know, war room.
39:19
In my opinion, XRP is a perfect solution.
39:22
And I don't think gold is just a hedge.
39:24
I think it's leverage. And when you think about it,
39:27
it's leverage in a game of global finance, in my opinion.
39:31
So we'll see. I think that I think the
39:33
potential for the dollar to be declining in relevance in
39:35
international trade. Would Russia and China really
39:38
want this? Of course, George, they would.
39:41
And I think the bond that, you know, we've already seen Moody's
39:44
downgrade the US bonds from AAA to AA one, which isn't that much
39:50
of A move. But how about if Moody's does it
39:52
a couple more times, then what? So we're going to have to see
39:56
where this goes. We will.
39:59
We'll keep listen, we'll keep doing the research, the homework
40:02
for you guys, and we'll keep bringing you the information.
40:05
But it could be a good thing, could be a bad thing.
40:09
We'll see. I just don't like China and
40:11
Russia being a forefront of it, especially China's CCP.
40:15
But stay tuned, we'll keep you guys posted.
40:18
Anyway, let's talk about silver Surge.
40:21
Is it incoming? Yeah, baby.
40:23
I don't know. The first Majestic CEO calls for
40:26
$100 silver, $100.00 an ounce silver.
40:30
Our portfolios are going to be looking good.
40:32
Lance, if that happens, I got to tell you, are we going to be
40:36
waking to sleeping giant? I don't know.
40:38
Silver may be the most undervalued asset on earth.
40:42
This is what's coming through. This is what they're saying.
40:44
What if I told you Silver's real breakout hasn't even started
40:47
yet? According to one of the biggest
40:49
players in industry? He's saying $100 Silver isn't a
40:53
fantasy. It's coming.
40:54
I mean, this could be big. We got Keith Newmeyer, CEO of
40:58
First Majestic Civil Corp, and he's actually doubling down on
41:01
this bold prediction he's held. He's holding this for years.
41:03
I'm going to put up the chart. Lance, hold on.
41:06
If people could see it. So, I mean, I don't know Silver,
41:12
there's a. Lot of support where we're at
41:15
right now, which means it should go to new highs.
41:19
We've said it over and over again on this show.
41:21
I believe a supply crunch is incoming gold.
41:25
You know, I think the global silver production is really
41:27
flatlining. We haven't seen new discoveries.
41:30
A bunch of the major mines are underperforming or they're
41:33
closing down because they just don't think there's any.
41:35
It's not financially sound to continue to pull it out of the
41:39
ground. The above ground stockpiles are
41:43
at really at their lowest in decades.
41:46
I think this is in my opinion personally, this is an
41:49
industrial super cycle. So we're seeing the use in
41:52
critical, it's in electric vehicles.
41:54
We already talked about the Samsung technology, solar panel
41:57
demand is way up 5G infrastructure, silver demand is
42:01
way up semiconductors and of course military grade tech
42:06
always needs a lot of silver. And I think with green energy
42:08
mandates in other countries, we're going to continue to see
42:11
this accelerated demand in the industry level.
42:14
And I think government demand, you know, we've talked about
42:16
this, BRICS is stockpiling not only gold, also silver.
42:20
So it's becoming part of strategic reserves in other
42:22
countries. You know, it's not only the US,
42:24
they've actually increased the reserve and silver, but also
42:26
China and EU. So these strategic mineral
42:30
reserve policies are talking about do working together, the
42:32
three of them. So I don't know.
42:34
We'll see what happens. I don't know, but you know
42:37
there's a catch to it. Lance.
42:38
I'm going to keep you guys. Unlike gold, silver gets
42:40
consumed, right? It's not just sitting in vaults,
42:42
it's in your like Lance said, in your, in our solar panels,
42:45
iPhones, EV batteries. And man, if Samsung comes
42:49
through with those batteries, it's going to be a whole
42:51
different ball games, $100.00 an ounce.
42:53
I think it's going to go more than that.
42:55
But once it's used, it's gone. And you know, if you have to ask
43:01
like why can't silver? Why can't you recycle it?
43:06
Well, they do. Recycle a lot of it, but the
43:08
problem is the recycle isn't 100% effective, meaning you
43:12
don't recover 100% of the product from say cell phones.
43:16
They get some of it back, but they don't get all of it back.
43:19
And there's also a develop well emerging nations.
43:22
You have to look now, George, cause cell phones safer in
43:24
India. They don't have the same
43:26
systems. The US may have efficient
43:28
systems for recovering silver out of cell phones.
43:31
But if you've seen, I've seen it, they actually do some stuff
43:35
in Indiana's example where they smash the cell phones up kind of
43:38
like with big pestles and mortars, and they run it through
43:40
some chemicals. There's no way they're
43:42
recovering 100% of the silver. So some of it just ends up in
43:45
landfills. So, you know, I think, I think
43:48
this, I think this metal, I think it's an industrial
43:51
powerhouse. It always has been, you know,
43:54
and I think the world's finally catching on.
43:56
And my question is, you know, what are we going to see if if,
44:00
if $100 silver sounds extreme, what happens if Wall Street
44:03
charged to jump and if they start to really analyze that
44:06
this shortage is coming? So I think if industrial demand
44:10
even spikes as little as 10% and we don't see any new mines
44:15
getting discovered, I think a parabolic pattern is imminent.
44:20
So, you know, this is it's obvious.
44:22
And I think the top producing nations like Mexico, Peru,
44:25
China, I think there could be a massive supply shock inbound.
44:29
I don't know, Lance, I think your dog begs to differ because
44:31
I hear him whining in the background and he's talking
44:33
about land. Daddy, what are you talking?
44:35
About we do have some noisy dogs in the background.
44:37
I heard that also. Look, there he goes.
44:40
He's like, what are you talking about, Lance?
44:41
That's the puppy. What do you mean silver can't be
44:43
fully? That's the puppy.
44:46
I don't know, maybe the puppy knows something we don't.
44:48
Yeah, he's whining because he's afraid that he won't get enough
44:50
silver before the prices jump. I know.
44:52
But if you look at like in a world where in a world addicted
44:55
to paper money and digital speculation, silver's, it is
44:59
still physical proof of value. It's like gold is physical proof
45:02
of value. It's tradable, tangible, and now
45:06
strategic. This isn't just market story,
45:09
it's a national security story. And United States needs to start
45:14
seriously thinking about stockpiling more gold and
45:19
silver. But where we could see it and
45:22
check up on it, I think because. Well, let's switch gears here,
45:26
man. I think we talked about bullion
45:27
enough right now. Let's talk about the SWIFT
45:31
system. You seemed a little skeptical
45:32
earlier, but maybe you were just playing that card, not realizing
45:36
that we were going to go deep into SWIFT.
45:38
A lot of nations are fleeing the SWIFT system.
45:41
I want them to. Among Yeah, I do too.
45:45
But when you talk about people like the Rockefellers and
45:49
there's some other names that that are in control of the whole
45:52
central bank system and and all that, that's a lot of power they
45:55
have. And it's they're not going to go
45:57
away quietly. So, I mean, tell me more.
45:59
OK, Lance, you tell me. I want.
46:01
Listen, here's what it is and, and, and for people out there,
46:03
you know, people are talking about all these kinetic events
46:05
going on, Israel, Palestine, Ukraine.
46:09
Well, I can tell you that's not where the battlefield's at.
46:12
It's not just Taiwan. It's not the incoming, you know,
46:16
Northern Africa issues we're having.
46:19
I think the real war is playing out in global finance.
46:22
Nations are pulling the plug on SWIFT finally, and that's before
46:27
they get cut off themselves. They're not taking any chances.
46:30
And as we see these geopolitical tensions escalate all across
46:34
Europe and China and the Middle East, they are worried about
46:37
Western controlled financial infrastructure.
46:40
And I think at the very top of their list is that they want to
46:43
escape the US dominated SWIFT network and that is the backbone
46:47
of international banking for over 50 years.
46:50
So I can tell you, I think we might have backfired on us using
46:54
the dollar as a weapon. I think the trust evaporates
46:57
when you do that. And right now that trust is
47:00
gone. They've seen them effectively
47:02
using sanctions all over the Middle East as an example.
47:05
And I think what we're witnessing is a global exit
47:07
strategy from the old system. And I also believe
47:10
cryptocurrency is embarking this.
47:11
Nobody wants the SWIFT system. Everybody wants decentralized
47:15
finance and they and they want to make sure it's blockchain,
47:18
it's faster, it's safer, the fees are lower and enough about
47:22
control. Yeah.
47:25
And but if you look at like let's say China's and they say I
47:27
think it's sifts, it stands for cross-border Interbank payment
47:31
system. And this is what's replacing
47:33
Swift guy, so you know. Yeah.
47:35
Do we want Beijing replacing Swift?
47:38
They're fully they're already doing it.
47:40
They already kicked out the Federal Reserve.
47:41
The Federal Reserve doesn't exist in China.
47:43
I know they're fully, they're operational now.
47:45
I know and they're growing. They're growing at a good, good
47:47
pace. And their their brick and Rd.
47:50
initiative has really brought that system into parts of Africa
47:53
and otherwise. I think they're like what, over
47:55
100 countries or so, Something like that.
47:57
Yeah, I think that's right. I think you're right about that.
48:00
And and this is how they bypass US jurisdiction, but you know
48:03
when use with the yen I mean. Yeah, the Wan is definitely
48:08
that. That brick and Rd. initiative
48:10
was all about the Wan. I mean, and you have to think
48:13
like what, what's our, what's our government doing?
48:15
Like, how are you allowing the CCP to just get and gain more
48:18
control, more wealth? And they just, they just simply
48:23
want to destroy anybody that doesn't think like them, act
48:26
like them and be like them. That's their that's their end
48:29
game goal. But like, you know, crypto is
48:32
definitely the reason why, you know, all these other countries
48:36
want to get away from the Swiss system.
48:37
Nobody wants control. But I, you know, I'm going to
48:41
say like with the CCP with their initiative here, if you, if
48:45
people are going to that versus Swiss system, they're just going
48:48
from one big control system to another big control system.
48:51
It's not the way to do it though, in my in my opinion.
48:54
Well, my opinion is central bank digital currencies are the
48:57
answer, I really do. And I think nations that are
49:02
developing all sorts of digital versions of their currencies, we
49:05
know like the digital dollars company that's going to that's
49:08
going to help bypass all these traditional banking rails, just
49:11
like the SWIFT system. And you know, China's digital
49:15
wand, they're already in full swing on global trials.
49:18
And you're looking at Russia and India right behind them and
49:21
Brazil. And they think they're going to
49:23
have their pilot programs in place towards the end of 2025,
49:27
early 26. So those are a whole different
49:30
system, right? Programmable.
49:31
They're traceable, they're outside Western control, and
49:33
they're outside the Swift system.
49:35
Well, you know, I remember having talks with John Kirk
49:40
this, you know, he's part of Solon Global and he's always
49:43
said this and like it's inevitable that we will be going
49:45
to the digital dollar. But the key thing is if the good
49:48
guys can get control of it first and be the forefront this way
49:52
before the bad actors. That's the main, that's the one
49:56
of the main things. And if you have like CCP being
49:58
in front of it, that's not good to be you.
50:00
Think about it like if we got rid of our paper money and
50:03
actually went to digital money. Just think about no more getting
50:06
paid cash under the table. What does that say about how
50:09
much more taxes the government can collect?
50:13
But This is why where crypto comes into play, where I think
50:15
where you know, if it's decent one decentralized platform with
50:18
the blockchain, we can avoid a lot of the BS.
50:21
But I mean. I think in the future, I'm going
50:24
to go out on a limb here. I can tell you in the future,
50:26
it's going to be very difficult for these governments to collect
50:30
taxes. It's going to get more and more
50:32
difficult because people are going to use decentralized
50:35
finance to not pay taxes. They're going to figure ways
50:38
around it. And as it becomes more widely
50:42
accepted, I think it's going to happen.
50:44
But what, you know what, what I really think the catalyst for
50:46
all is this weaponized finance, right?
50:48
All these Western sanctions that were on Iran, Russia, Venezuela,
50:52
that's what really triggered them going into this Moss.
50:55
And they froze hundreds of billions in assets.
50:58
I mean, at the end of the day, it was effective, but it also
51:02
made those countries think, OK, when are we going to stop this
51:04
bullshit? We got to come up with a system
51:06
where they can't do this to us. Because of course, I think the
51:09
message is clear here. If you're not politically
51:11
aligned, your access to money can vanish overnight.
51:14
And the US has used that as a bludgeon.
51:17
So a lot of these neutral countries are even thinking that
51:20
have never had a sanction. And they're saying, OK, I'm
51:23
going to de risk myself. I'm going to detach myself from
51:26
the Swiss system and US influence.
51:28
And that's why, you know, for this, George, I don't think it's
51:31
just bricks. Nope, It's the emergence of a
51:33
parallel economy that's powered by blockchain, gold, CBD, CS and
51:39
real assets. So I mean, like we're saying the
51:41
era of a western financial dominance, it's under siege,
51:45
it's under attack. And you know, when you when you
51:48
like you just said, and you put pause, you know, politics in
51:50
front of it and which isn't good, but I'm all four of
51:54
countries are doing nefarious, yes, put, you know, figure out a
51:57
way to sanction and put them. You know, there's got to be a
51:59
way to control them without, without, let's say, military
52:05
people being killed or bombing or anything like that, that I
52:07
mean. Well, I think we've got to
52:09
prepare for the consequences, don't you think?
52:11
I mean, at the end of the day, this is going to have an impact
52:13
on the dollar. I think what this hard to push
52:15
it is, I think the dollar demand is definitely going to, you
52:18
know, lower as they settle in local currencies or whatever
52:22
these digital dollars end up being that are the most powerful
52:25
going to be a lot of loss of leverage.
52:27
At the end of the day, the US is going to have to look at it in a
52:29
different way. They're not going to have the
52:30
ability to, you know, using sanctions and look at the
52:33
capital inflow effect. From my opinion, those capital
52:37
inflows are, you know, are going to go neutral.
52:39
They're going to go to all the Eastern aligned banking systems.
52:42
And I think this, I think that there's going to be pressure on
52:45
the institutions that have always kind of controlled the
52:47
markets behind scene, like the World Bank, the BIS, the IMF,
52:51
and they're either going to have to adapt or get freaking
52:55
replaced. And I think replaced is going to
52:57
be what's happened. Because my personal opinion is
53:00
one of the problems here in the United States is the Federal
53:02
Reserve. They're pushing back at the
53:04
adoption because they want to control the adoption.
53:06
I've always said it all along that I thought the Federal
53:08
Reserve should be nationalized. They don't want the digital
53:11
dollar unless they're in control of it.
53:14
And I think those institutions or those families are a done
53:17
deal. I think this is over with.
53:18
They don't even know it yet. Well, I mean, look, we have over
53:21
130 countries now exploring CBDC's.
53:25
When I say that, just bear in mind that it's central bank
53:28
digital currencies. For people that may have missed
53:30
it, 67% of bricks trade are done without U.S. dollars.
53:37
And then the CCP's transaction volume has grown 400% since
53:41
2021. And they're all their gold
53:44
reserves among BRICS nations has surged into record ties, while
53:49
we're just. So it's not a Fiat currency is
53:52
the key to it. No.
53:53
So they're, they're all the playbooks changing.
53:55
And in the next 5 years, we may not be talking about reserve
53:58
currencies, we'll be talking about reserve systems.
54:01
And the dollar may only be one of many players on the stage.
54:06
I mean, this is definitely something that you as a people
54:11
need to be on top of it. Our country needs to be on top
54:14
of it. And we got to be on the front
54:16
row seat, right? Absolutely.
54:19
All right, listen, the Global Finance Forum.
54:21
As always, we're out of time for today, every Friday at 1:00 PM.
54:24
Now listen, if you like the show, do the $5 paid
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54:59
Love you guys in the chat. Thank you so much for tuning in.
55:02
George, last words on the way out of the gate.
55:04
Baby, you got to go to round 20. And don't forget I was going to
55:06
sell Power Hours 3. PMI was going to say it, but you
55:09
know you gave it. To me, you go ahead, go ahead.
55:11
Interrupting me man, Always doing it anyway.
55:13
Crypto Power Hour, 3:00 PM today.
55:15
Hopefully we'll see you there. If we don't, it's Friday.
55:19
Have a good weekend, enjoy it, be safe, stay healthy.
55:23
Most importantly, stay frosty. We'll catch you at 3:00 PM, if
55:27
not Monday morning at 11. Bye.
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