Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡ Silver Gold ⚡THIS Is Happening NOW!... (US Dollar Collapse)

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⚡ Silver Gold ⚡THIS Is Happening NOW!... (US Dollar Collapse) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Silver and gold investors. What if the US dollar collapsed,
0:05
became worthless overnight? What if you woke up and suddenly
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those paper dollars that everyone in America thought were
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worth something were suddenly worth a lot, lot less?
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Now, look, the chances of that happening are probably pretty
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slim, but there's a reason why we can talk about it and why we
0:26
need to talk about it. Because if we look at history
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and if we take a step back and look at what's going on in our
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country right now, aren't we actually watching the dollar
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become worthless in slow motion? And on top of that, hasn't
0:42
history shown us, isn't history replete with examples of other
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countries who thought they ruled the world, who thought that
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everything would last forever only to find out that they would
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be met by currency collapse? And what would that do to the
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price of silver and to the price of gold?
1:01
We're going to talk about that in this video again, right?
1:05
I'm not predicting we're going to wake up tomorrow and that
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this will be the case. It could.
1:10
There's a very slight chance. However, like I said, if we look
1:13
look at history and if we look at what's actually going on
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right now with the Federal Reserve, who has a stated goal
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to make our currency worthless 2% per year at a time, I think
1:25
it's something that we need to talk about.
1:27
And you know what else we we we need to talk about.
1:30
Thank you. Yeah, you.
1:33
I'm talking to you. I see you.
1:34
Thank you for being here in the basement.
1:36
This is not possible without your participation and your
1:40
support. You're welcome here.
1:41
I hope you feel like you found a new little home away from home.
1:45
A lot of us refer to ourselves as basement dwellers, but it's a
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big deal. Please subscribe to the channel,
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give the video a thumbs up. That'd be greatly appreciated.
1:53
Super chats are are really helpful to help support the
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channel and the family. PayPal donations, any of that
1:59
stuff, but please do not ever donate anything that you cannot
2:04
afford. So I was watching a video
2:06
yesterday, a guy named Noel Lorenzana, CPA, an accountant,
2:12
huh? This guy made a great video
2:14
about the the value of the dollar going worthless.
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I want to run out quickly and show you his channel because I
2:22
was impressed. I actually invited him next week
2:25
or the following week if he has time to come on and and talk to
2:29
us on his thoughts about the potential for the dollar going
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down. But here's his channel.
2:34
Noel Lorenza, Lorenzana. I'm sorry, let's get some other
2:38
videos too that I've not well, there's the one I watched,
2:41
Worthless. He's got one about Fort Knox.
2:43
Is the US out of gold? Why you should be worried.
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So hopefully we'll have Noel on here next week.
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Now guys, why do we need to worry about the dollar
2:52
collapsing overnight? Dollars are becoming worthless.
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Here's some examples. Right, here's some examples.
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Venezuela, right, just in recent history, people in Venezuela
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literally like would wake up or within the course of a week or a
3:09
month, the price of everything in their country because the
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value of their what is it Bolivars, I believe is the name
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of their currency was collapsing over the course of a week Meet
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no, whatever fuel would go up 34567 times.
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It's real. I work with some Venezuelans
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that that immigrated here to the United States.
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Mama, right? She's like 78 years old and her
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son and his wife. And they will tell me when I
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talk to them absolutely how horrific it was in Venezuela.
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And I want to show you a chart of silver.
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This is the best I could come up with from Venezuela during that
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period. So if we look here, let me make
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sure I've got you on the screen, which I do.
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If we look at this chart, this is, believe it or not, this is
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the silver price in Venezuela. It's a five year chart.
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We go back to let's say January of 2021, OK, a ounce of silver
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cost 269. Excuse me, 270 Venezuelan
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Bolivar when the currency collapse said as you can see,
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the price just absolutely skyrocketed.
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Look, looks like it got to as high as is that 5 trillion.
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Let's see, 100,005 billion, 5 trillion, whatever the case may
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be, but that shows you what happened to silver in an
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environment where in Venezuela they had a major currency
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crisis. Can it happen in the United
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States? Absolutely.
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It could happen in the United States.
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There is a big difference between Venezuela and the United
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States, but there's not that big of a difference.
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OK, The other example, Zimbabwe, right?
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You've heard of the $1 trillion notes in Zimbabwe.
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A lot of people have them. They've tried to reset their
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currency like 5 or 6 Times Now. They're trying to, to, to, to
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hook it to gold to use like a gold standard, the zig currency,
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right? But now again, I think just
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recently they revalued that again, governments and countries
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have a real hard time with the discipline that's imposed upon
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them by precious metals, by the gold standard, by the silver
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standard. So Zimbabwe, same thing, right?
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Multiple times. What's the classic example of
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this happening? Germany.
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Weimar Germany, right after World War One, right?
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You had people that were using wheelbarrows full of cash.
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Wheelbarrows full of cash to buy loaves of bread, right?
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People would get paid and then rush out to the store to try to
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spend their money because it was becoming worthless so quickly.
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Little kids would use stacks of of whatever they were, Deutsche
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marks or Weimar marks, whatever they called them at the time to
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build like little castles, like Legos.
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OK, it can happen. And what's the common, right?
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Why? Why do we why do what?
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What do we see, right? What's the example that all
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three of those, and there's many other examples.
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You know what Lynette Zhang has piles of currencies, paper, you
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know, Fiat currencies that have gone to 0.
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But what's the common thread between all those countries?
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Too much debt. What's going on in the United
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States right now? Too much debt.
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OK. And what do people do in these
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countries? We talked about this yesterday,
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so we're just going to go to the headline on this, but what do
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people do when they live in these countries that have
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experienced hyperinflation, have been experienced currency
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crisis? They go to gold, they go to
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silver. And to me, that explains why,
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you know, here's a great example from the Jerusalem Post about
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Germany. Gold, still the third most
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popular investment in Germany, right?
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Germans remember, they remember the stories that they heard from
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their grandparents, from their from their parents about what
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can happen with paper money. It's happening right now in
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China. The other night I have a little
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job, I work in the evening where I get exposure to a lot of
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people that are very highly educated.
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OK. And I'm not real impressed by pH
7:28
DS, but this guy's a Chinese man from China with a pH D here in
7:33
Saint Louis doing medical research, Very smart guy.
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And the same thing is happening right now in China.
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People don't trust the currency. People don't trust the banks.
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People don't trust the stock market, okay?
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And they're buying gold that that's what that's the big
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reason why the Chinese and now they're starting to buy silver
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as well. But can it happen back to our
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subject in the what would it be like, Okay, what would it be
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like in the United States if this were to happen?
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Think about the banks, right? Waking up in that money that you
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thought you did have in your bank, even though now it's
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worthless. Likely the banks would stop
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functioning for a period of time.
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Businesses wouldn't know what to do.
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It would be mayhem, right? With hyperinflation, the bit
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businesses would be absolutely, you know, groceries would be
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skyrocketing. The stock market would be going
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crazy. Could the government fix it?
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Right? If we get into this situation,
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could the government fix it? I don't know.
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How did they fix the tech bubble?
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They printed money. How did they fix the great
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financial crisis? They printed money.
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How did they fix what happened back in 2020 during that health
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crisis? They printed money.
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The only thing. Do you see a trend here, guys?
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Do you see a trend? The only thing when we look at
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the examples of what our government has done with the
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Federal Reserve, which really isn't part of our government,
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but we'll leave that for a different story.
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The only examples that we can come up with with how they've
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reacted to crisis situations is what you got it print money is
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that does that explain why when we even look at the chart of the
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US of, of, of, of silver and gold priced in U.S. dollars, why
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it's continuing to go up when we realized that since 1971 when
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President Nixon temporarily, right, took the dollar off the
9:29
gold standard, that the price of gold has only gone up.
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I read the other day that the dollar has lost 99% of its value
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relative to gold since 1971. I mean, what is that telling us?
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So can it happen? Can't we?
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Could you wake up? Imagine Buttercup.
9:50
Don't worry. Hopefully I will still be able
9:52
to do our daily broadcast together.
9:54
But waking up and the dollar has lost 80 percent, 70% of its
10:00
value. I'm not saying, I'm not saying
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it's going to happen tomorrow or next week or the following week
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or, or ever or it will. Like that's one of my points.
10:08
It will eventually happen, OK? It's either going to happen
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really slowly like we've seen over the last 50 years, like
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boiling a frog. You ever hear that like us
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Americans are like boiled frogs, Slowly, slowly, slowly, little
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bit, little bit. Some years 1%, some years 2%,
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some years 5%. Couple years ago they stole
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almost 20% of our buying power. It happens very slowly or it
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could happen very quickly. There's nothing that absolutely
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eliminates that. Think about what's going on one
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week from today, and we're going to talk more about it later,
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right? Half the world's an organization
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that represents whatever it is, half the world's population.
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The BRICS meeting in Russia, right?
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You got 3545. Who knows?
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It's hard to keep track of the number of countries that want to
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join BRICS. What if they decide, you know,
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I'm not, I'm just being real here.
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We're just being real. We cannot absolutely eliminate,
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cannot absolutely eliminate the prospect that the dollar could
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face a real crisis at some point, like an immediate quick
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crisis. And at minimum, we know that the
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dollar's facing a crisis in a slow motion pattern.
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Is that why? I'll ask you, is that why you
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own silver and gold? I think you're shaking your head
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up and down with me. That's why.
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I mean, when you take a step back and look at this, it's just
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it's absolutely crazy. OK?
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Would this be now, this is where it gets interesting.
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If we were to have this crisis situation, would that be the the
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moment when they want to switch us all onto this new CBDC?
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We don't talk about? Nobody talks about CBDC anymore.
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That was like the hot topic 19 months ago.
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All right, Isn't that a lot of times when things happen, when
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nobody's talking about them, nobody's thinking about them?
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Would a dollar crisis, a paper Unicorn, fart dust, whatever you
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want to call it, dollar crisis? Would that be the moment where
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the government says, Oh my gosh, we know the grocery stores,
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blah, blah. Here, use the new download this
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app. Use the new CBDC.
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It's hooked into the Fed Now program.
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We'll take care of you Americans.
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We're taking. We don't know, OK.
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Or would it be the return to the gold standard?
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Well, we know what the world central banks are doing with
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gold. Would that be the time?
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I think at minimum, at minimum a massive crisis, if it were to
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happen in the dollar would be a would be a the catalyst isn't
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even the correct word. It would be the IT would be the
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aha moment for silver and gold at minimum.
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Now the official return to a gold standard.
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We don't know. We don't know what the the the
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world's big central bankers have cooked up.
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We may get a real good glimpse of what they have cooked up here
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in one week when they have this massive bricks meeting.
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So we're going to be keeping an eye on that.
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But the dollar would no longer no longer be good as gold.
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OK, And I'd say this, it's even not just the United States.
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The whole world is in big trouble right now.
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We have a worldwide debt, a worldwide debt crisis, scary
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situation. Why is that important, right?
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Because we're talking about 330 trillion trillion dollars in
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worldwide debt, higher than it's ever, ever, ever been in the in
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the sad part is right. There's everybody thinks they're
13:48
owed that money. Everybody thinks that's coming
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to them. I mean, think about this.
13:51
Here's an example. If you're on a pension from a,
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let's say you were a union and I loved unions.
13:57
I was a union steel worker when I was in college.
14:00
Let's say I was on the steel Workers Union pension.
14:03
And I don't know that I'm just using this as an example.
14:05
I'm on you're on some type of pension.
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That pension owns bonds, right? And that pensions ability to pay
14:13
its pensioners is dependent upon those bonds being good, being
14:17
real, right? So, so there's $330 million
14:21
worth of debt bonds, right? And if somebody that those are
14:25
the real people who think they're owed that money, even
14:28
the pensioner, he may not realize it, but you know, he
14:31
owns some bonds and whatever the United States Treasury or maybe
14:36
whatever Brazil, who knows. And it's almost impossible for
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all this that to be paid back. So we are in a massive, massive
14:46
situation right now on a worldwide basis, which is not
14:50
good. I'm afraid to be so doom and
14:52
gloom this morning. And the good news is, let's see
14:56
what's the good news. Oh, yeah, silver and gold have
14:58
seen this monkey show many times for thousands of years and
15:04
they've been just fine. So that in mind, wait a minute
15:09
here, bear that in mind as we're as we're talking about the
15:12
subject. OK, So are people going to want
15:15
to go to a new CBDC? Are people going to want to go
15:18
to cryptocurrency? That's the other option.
15:20
We'll take the day. Well, if things are too bad, we
15:24
may not have Internet or electricity, right?
15:27
So, you know, are people going to want to go to the new CBDC?
15:30
Are people going to want to go to Bitcoin?
15:32
I would, I would, I would say a minimum.
15:36
There's going to be a lot of people who are going to be
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moving towards precious metal as the worldwide debt crisis gets
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worse and the United States crisis goes work.
15:46
I mean, what's the one thing that's been there for everybody
15:52
everywhere providing safety, security for all time?
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Gold. Silver.
16:02
Think about it. No matter how ugly all this
16:05
gets, no matter how potentially ugly, how bad the picture of a
16:09
picture we can paint. What's the thing?
16:12
And don't forget, even at golden store, security, safety value.
16:18
Let me see something I'm going to bring up one more time.
16:21
Let me show you my little friend.
16:23
This is a she's the best. OK, I sound like arrows.
16:33
Hold on. Susie says we have some audio
16:35
problems. Hello.
16:36
Hello. Hello.
16:37
Hello. Hello.
16:39
Hold on. Bear with me.
16:40
Let me go to Audio Go Cancellation.
16:52
I don't know, Susie. I just see your computer,
16:55
sweetheart. Are people saying they hear
16:58
echoes? Well, guys, I apologize.
17:06
We may be having some Internet. Yeah, we're having Internet
17:10
issues. OK, so we're having Internet
17:15
issues. Guys, I apologize.
17:19
Yep, I can see the little sun on the screen.
17:22
So I'm just going to do the best I can hear.
17:25
This is my three-year old. Even a three-year old knows even
17:29
a three-year old note the gold and silver are the most
17:32
valuable. She told me the other day when I
17:34
saw her she wanted a gold ring and say gold wine.
17:37
She said because gold is best. OK, I just give you guys an
17:42
update. I can see I get a readout up on
17:44
my screen. Either Stream yard is having
17:48
some technical problems. I don't believe it's my Internet
17:51
because it is up in cooking. So we're dealing with some
17:55
technical issues this morning. I apologize for the bad audio.
17:59
I apologize for the bad video. But really, I know you're not
18:04
here to look at my pretty face. We're here.
18:05
Here we go. It's getting better now.
18:07
It should be back. It should be better now.
18:09
Let me know guys, if things look better.
18:11
Thank you. A three-year old knows it.
18:14
OK. Other tangible real assets will
18:16
do well if we face this crisis coming right where the dollar
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does become worth less. Other tangible real assets, what
18:26
else do you think would do? Well, you know, a few examples.
18:29
Real estate could do very well, Oil, right, forest land,
18:34
anything real collectibles, There's all types of other real
18:38
assets that could do well in that.
18:40
Because right now, the fact is, as we look at the dollar
18:44
collapsing, what do we know? And we know that the government
18:47
is printing money like crazy. We're going to go out and do our
18:50
daily update of the of the US debt clock here in a second.
18:54
We're racking up debt like crazy.
18:57
And we know also that the world is moving away from the dollar.
19:02
So think about this. Think about this.
19:05
Why is it so scary where we are right now with the dollar, OK?
19:09
Because fundamentally what our government is doing, racking up
19:15
all this debt, right, putting us in this horrible financial
19:18
situation in this country that's bad for the dollar, while
19:23
simultaneously, right, simultaneously the world is also
19:28
recognizing that and moving away from the dollar, right?
19:32
The dollar dominated the world for the last 50 years.
19:37
I don't like it. Remember, guys, right?
19:39
I'm a, I'm a, I'm an American. I love my, my, my country, but
19:43
there's this big elephant in the room is the United States
19:47
government has, has, has just, it's a tragedy what they're
19:52
doing with our financial situation in this country on one
19:56
hand, at the same time, the world, which the world has been
20:00
saturated with dollars saturated.
20:03
The world is saying bye bye. We're not interested anymore.
20:08
Again, I don't like it. It's not good for me.
20:10
It's not good for my kids. Do you feel like it's not
20:12
probably not good for your kids either?
20:14
But it is the reality of what's going on, right?
20:17
And again, history is replete with examples of what's going of
20:21
this happening, even if it doesn't happen in an instant
20:25
where you wake up, right? At minimum, we know the Federal
20:31
Reserve is, is their their goal, their stated objective is for
20:36
the dollar to go down in value by 2% every year.
20:40
That's what the inflation target is.
20:42
They can call it the oh, we want to keep, why do we have to have
20:45
inflation? Let me tell you something.
20:47
Here's a great example, right over, over decades and decades,
20:52
when this country was on the gold standard and we had silver
20:55
in our money, we didn't have inflation anything like we have
20:58
now. I heard somebody say the other
21:00
day that we had no inflation. So why do we have to have
21:04
inflation? I'll tell you why.
21:06
So they can enrich the bankers. The Federal Reserve is owned by
21:10
the banks. Why do we have to have
21:12
inflation? Thank you.
21:13
Hey, Noel. There's Noel.
21:16
Yeah, Noel inspired this discussion today.
21:18
Thank you, my friend. That's Noel, man, really a great
21:22
channel, guys. Check it out.
21:24
I'm telling you, good, smart guy.
21:25
And hopefully we're going to have him on here next week.
21:28
Thank you, Noel. Why do we have to have
21:30
inflation? Why?
21:31
Why that? That's a good question.
21:35
So at minimum, we know that the, the dollar becoming worthless is
21:39
happening right now. It happened a little faster back
21:43
in 2022, but it's happening at minimum in very slow motion.
21:47
What did we just hear last week? The, the, the, the official
21:51
inflation number was up and it was at like 2.6%.
21:54
OK, congratulations, right? The Federal Reserve took, took,
22:01
took on an AI, don't know if it was annualized or what it was,
22:04
but they took 2.6 per percent of your money for the average
22:07
American who works hard and saves money.
22:09
OK, so I beat that one to death. I got in a little trouble
22:15
yesterday with opening my mouth about the political situation in
22:20
this country. I'm going to get, I have more to
22:22
say about that in a second. Let's go out and check on the
22:26
price of gold and silver though, 'cause we are live, baby.
22:28
And don't forget, right, my good little friend, that's my cousin
22:32
Timmy Ivy's little daughter. She's three years old and she
22:35
thinks gold is best. So do we.
22:37
All Right, let's get back here. All right, and here we are.
22:42
Let's go out the pin backs. Wow.
22:44
So I checked this right before I came live Silver, it actually
22:47
gone up from being down about 14 cents.
22:51
I'm going to press the magic button here and let's see OK,
22:54
silver's down to cents, but still 3120 gold is hovering
22:59
right at $2650 per oz. Let's go take a quick look here.
23:05
I want to say thank you to channel sponsor Tim Beck's and I
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was looking at American Silver Eagles earlier, 2024, yeah,
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$35.49. Of course, that's at bulk and
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that's with a cash or ACH type price.
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And what I was really shocked by, we talked about this just
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the other day, the 2024 one ounce Australian Kangaroo for
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$33.54, basically $2.00 over spot.
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Guys, thank you. I want to say thank you to
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Pembex for sponsoring Ron's basement.
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Yeah, you know, I've worked with them on a personal level for
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that matter. Thanks Penn Becks for sponsoring
24:55
Ron's basement are the bricks. Let's talk about the bricks.
24:58
We are one week away from the big bricks meeting, the big, big
25:03
bricks meeting and there's some big news that we need to cover.
25:07
Let's first go out here to AI think a great summation of what
25:13
we know from in gold we trust again this starts in one week.
25:17
Russia and China have announced to strengthen their military
25:21
ties. Sri Lanka officially applied
25:24
bricks said that it reached a quote very good agreement to
25:27
settle international trade with national currencies.
25:31
I don't we haven't heard any like recent news there was this
25:34
speculation about a gold backed currency 40%.
25:38
We'll see what comes of that. Russian and Chinese warships
25:45
conduct joint, massive joint drills in the Pacific.
25:48
I think they were like surrounding Taiwan.
25:51
You know, this. It's very, very crazy right now.
25:54
Serbia says sees joining BRICS as an alternative to join in the
25:59
EU. And President Putin says 35
26:02
countries have confirmed their participation in the upcoming
26:06
BRICS summit in Russia. This is what is happening right
26:10
now in our world. And we talked about the dollar
26:14
stress, potential stress on the dollar.
26:16
But the BRIC summit starts in one week.
26:19
I mean, it's, it's the bifurcation, it's the splitting
26:23
of the world right now. Remember guys, this was a world
26:28
that that this was a world that up until just recently was
26:32
dominated by the United States, which now it appears the world
26:36
is splitting. Bifurcating is the fancy way to
26:39
say that. And that we could see new
26:41
financial systems, new new, new, new, new military alliances.
26:47
It's going to be very interesting as we go out into
26:50
the next year, 10 years, 20 years to see how this all
26:54
develops. So let's run out here and look
26:57
at one more big piece of news. This came from India.
27:03
This is how India their their perspective on what is going on
27:07
with the BRICS summit from the new Indian press. 34 countries
27:12
have now officially applied for BRICS membership, 34 with 10 new
27:18
members and 10 partners to be announced in the upcoming Brick
27:23
Summit in Kazan to be held October 22nd, one week from
27:26
today. Strife torn nations like
27:28
Palestine, Syria and Miramar have also applied for
27:30
membership. Prime Minister Modi and that's
27:33
what I love about Indian websites.
27:35
This is like a video game trying to close out all the pop ups.
27:38
But Prime Minister Modi will attend, That's the President of
27:41
India. The summit turning it to be his
27:46
second visit to Russia within a span of three months.
27:51
India, the Indian would be the second visit from the Indian
27:54
president to Russia in three months.
27:57
What does that tell us? Don't forget, this is India with
28:01
1.4 billion people, probably the fastest growing economy in the
28:05
world. More of 100 million people are
28:08
going to join the consumer class in India in the next 5 to 10
28:13
years, right? And their president isn't coming
28:16
to Washington. I won't go there anyway.
28:19
He's going. He's been going to Russia.
28:21
It'll be a second visit in three months.
28:24
Speculations are rife that the Prime Minister Modi will have a
28:29
bilateral meeting with the Chinese President Xi Jinping.
28:34
Here, listen to this. There are nearly 34 countries
28:36
that have communicated to bricks for being considered.
28:39
These include in alphabetical order, Algeria, Azerbaijan,
28:43
Bahran, Bangladesh, Belarus, Bolivia, Cuba, Chad, Republic of
28:47
Congo, Equatorial Guinea, Eritrea.
28:52
My neighbor, one of my best friends across the streets in
28:54
Eritrean. Anyway, it's a country right
28:56
next to Ethiopia, Honduras, Indonesia, Kazakhstan, Kuwait,
29:02
and this is the video game Laos, Malaysia, Miramar, Morocco,
29:05
Nicaragua, Nigeria, Pakistan, Senegal, South Sudan, Sri Lanka,
29:10
Palestine, Syria, Thailand, Turkey, Uganda, Uzbekistan,
29:13
Venezuela, Vietnam, Venezuela, Vietnam and Zimbabwe.
29:18
So those are all what we'd say. Oh, those are little countries.
29:21
Add them all together and they're not.
29:23
So they're going to add 10 partners and I believe 10 new
29:27
members. So this bricks thing is real.
29:29
It is growing. This is interesting.
29:34
Iranian President Masoud Pazaki Kian is expected to be present,
29:39
which will be his first visit to Russia since he assumed office.
29:46
Turkish President Rasset Tayyip Eragon is attending the summit.
29:50
UN secretary general is also there.
29:52
So we have the president of Iran, right, which is really
29:57
think about that. The president of Iran is going
30:00
to be in Russia for these meetings, for the BRICS meeting,
30:05
OK. The president of India is going
30:08
to Russia for the second time. What does that tell us about
30:12
what is going on in the world right now, guys?
30:15
We are facing changes in our world that that, that I want you
30:20
to think about this, OK, You know, congratulations.
30:24
You know, you're in the know. You realize that there's this
30:27
massive world changing meeting coming up in one week.
30:31
I want you to think about, I don't know.
30:33
I would say, what do you say? I would what percent?
30:36
Let's, let's do, let's do a quiz here.
30:38
What percent of Americans do you think right now know that the
30:42
BRICS meeting is going to be coming up in one week in Russia
30:46
and how critical it is? I would say maybe, maybe 3%.
30:53
So I'm going to type 3. I'm just curious.
30:55
I mean, most people in this country are clueless, right?
31:00
They probably know more about, they know more about the NFL,
31:03
which is fine. I'm not putting down football or
31:06
baseball or anything like that. But they know more about the NFL
31:09
than they do about world, about the, about the world, about
31:14
world geopolitical changes that can have massive impacts.
31:17
I mean, this is going to this is going to affect your life.
31:20
This is going to affect their life.
31:21
But hey, you know, they're just kind of out there in the in the
31:26
in the ether, let's put it that way.
31:29
Because right now we are in the precious metals battle of the
31:35
ages. This is it.
31:37
OK, we got the cage match. All right.
31:40
Don't forget, that's what's going on.
31:42
It's not just the USA versus bricks or the G7 versus bricks
31:47
right now. What's really happening is a
31:50
massive fight between the US dollar, OK, and precious metals.
31:56
It's a cage match. And and look, if you and I were
32:00
in in Vegas together having a good time, right?
32:04
Having a real good time, and we had to bet on that fight, right?
32:08
What would we look at? We would say, OK, so the dollar
32:11
is fighting against precious metals.
32:14
OK, Precious metals have been in the same fight, the same exact
32:18
fight hundreds of times over thousands of years, and they
32:23
have a perfect record. And then we could look at the
32:28
dollar and say, well, the dollar's strong.
32:30
It's the world's dominant currency.
32:32
Yeah, sure. But over the last 50 years
32:36
alone, the dollar has lost significant amounts of its of
32:41
its value. All right, over the last year,
32:44
over the last month, over the last five years, what's that
32:47
statistic that we hear? What's a great example?
32:51
Food, you know, I know food cost alone over the last four years,
32:55
five years, they've gone up, what, 30% at minimum.
32:59
That's the official number. So you got this, this, this,
33:03
this cage match between precious metals and the dollar.
33:07
And and you know, even me, I don't, I don't, I don't know
33:11
about you, but I don't sometimes necessarily really realize that
33:14
it's going on and realize how lopsided the fight is.
33:18
It's a lopsided fight. OK, We got 700 people here in
33:22
the basement. That's a big deal.
33:24
Thank you guys for being here. So who we going to bet on?
33:27
What where you going to place your bets?
33:29
I mean, think about it, if you have to make a bet right now
33:32
between this stuff and this OK, here, this this nice silver
33:38
round that's that's the show and tell item of the day came from
33:41
coin shop. Chris, who are you going to bet
33:43
on? I'm close my eyes.
33:46
I'm going to tell you something. This feels a lot lot better, a
33:50
lot lot better. And you know why?
33:52
Let me give you let me give you some a couple examples.
33:54
It's not just it's not just you and me.
33:59
OK, let's think who else is betting on precious metals?
34:02
OK, I got to ring the cowbell. We had 200 thumbs up.
34:05
Basement dwellers, it's time for me to share something with you.
34:07
And that is our gratitude and appreciation that you're down
34:11
here in the basement with us. OK, 700 people, it's a big deal.
34:16
Thank you for all the thumbs up. Thank you for the subscriptions.
34:19
Thank you for the Super chat, our friend Noel.
34:21
Thank you. OK.
34:22
And since we have 200 thumbs up, I'm going to ring the bell.
34:28
But it's not just you and me and our fellow basement dwellers and
34:34
all the other people out there, right?
34:36
We're we're a part of this big precious metals community.
34:39
No, it is. It is the central banks that are
34:43
buying precious metals. Heck, Russia is even talking
34:45
about silver. OK?
34:48
It's not just us. It's sovereign wealth funds that
34:52
are buying gold. It's family offices that are
34:55
starting to buy gold. It's institutional investors.
34:59
It's been happening in the Eastern countries for a long
35:02
time. But guess what?
35:04
It's starting to happen now and you want to hear something
35:06
really exciting, Super exciting. Western investors don't really
35:12
start to buy the precious metal ETS until about 30 days
35:17
subsequent to an announcement of a rate decrease by the Federal
35:22
Reserve. That's a statistical fact where
35:26
what, 20 days out, maybe it feels like 20 days, three weeks,
35:29
we haven't even reached that point yet where we could start
35:32
to see big inflows into the precious metal ETS and that
35:36
could explode the price of the precious metals.
35:41
I mean, that's a fact, OK? That's an absolute fact because
35:44
all this great price increase that we've had in silver and
35:47
gold over the last, what I mean really year, year and a half,
35:52
that's all been done without the help of any Western investment
35:56
actually outflows for a lot of that period of time.
36:00
Think about what happens when money, when the richest, the
36:03
richest country in the world, the United States of America
36:06
starts to buy the metals again. And remember the investment
36:11
segment of the metals, that's where the big price change
36:14
happens. That's the margin.
36:17
Yeah, we know, like with silver, all this crazy amount of
36:21
industrial demand, we know that, right?
36:24
But but that little section of that market, that investment
36:30
metal that's out there, it's somewhat limited, especially
36:34
with silver. So right the, the, the
36:37
industrial demand, although it's going up and up and up remains
36:40
pretty steady. But where the big boom can occur
36:44
is in the investment demand, in particular with silver, right?
36:49
And sure, you and I being stackers, buying whatever,
36:52
that'll help, But also if institutional investors start to
36:56
play along, if people start to buy things like PSLV, the Sprott
37:01
Physical Silver Trust out of Canada or in the United States.
37:05
Instead, they choose to put their money into the SLVETF,
37:09
which I think stores all its silver over, over at the LBMA in
37:13
London, England, right? They got to buy Oz so it could
37:16
get real interesting and it can happen.
37:19
It can happen and it can happen very, very quickly, right?
37:23
The smartest people. This is a fact guys realize that
37:27
that opportunity for in particular with silver, right,
37:31
extraordinary price increases that sits right there in that
37:36
investment demand arena. And the good news is and I'll
37:40
I'll I'll say it one more time, that the price of silver's done
37:43
pretty well despite the fact that the investment demand has
37:46
been decreasing, OK? So the fact that we're at this
37:52
low level, right? And really the path of least
37:56
resistance, the easiest way for for the for the silver
38:00
investment demand to go will be to the upside.
38:03
So it can get very interesting. It could happen very, very
38:06
quickly if we want to switch back here to the United States
38:10
economy. We had true value hardware claim
38:14
bankruptcy. That was big news yesterday.
38:16
Yesterday, OK, true value. I was shocked.
38:19
And they're going to sell themselves.
38:21
They're like, we can't make it post pandemic, things have been
38:25
slow. So more great news from the US
38:28
economy on top of the fact that we got Madison Square Garden
38:31
full of people being laid off from Boeing with great benefits
38:35
and great everything else but true value hardware.
38:38
Really, right? I think they're headquartered in
38:40
Chicago done gone, right. Well are they're going to be
38:45
acquired. And again, the more now what
38:48
about let's go, we have some fun.
38:51
Let's go on a little field trip because we got to go check out
38:55
the hold on here. We pull you guys up, Let's go
39:00
and do our daily check of the dollar to silver ratio.
39:04
One of these days it's going to stop going up.
39:06
But for now, we're on a roll. The new US national debt, now we
39:10
only had it 5 billion overnight, no big deal.
39:13
OK, we're now it went up again. The dollar to silver ratio now
39:18
sitting at 7:19. We just over the weekend, I
39:22
think it was celebrated $700.00. Again, I'll say it everyday.
39:28
This means for each one ounce of silver that's produced on a
39:31
worldwide basis, the United States government is adding
39:35
$720.00 of new dollars via the M2 money supply.
39:42
Wow. Let's just check on.
39:44
Yeah, the paper to silver ratio remains remains rather
39:48
consistent. There at 408.
39:51
Darn it. I forgot to pull this up.
39:53
Hold on here, guys. See if I can find this real
39:56
quick. Health insurance.
39:58
Here we go. Canada's debt clock.
40:01
Darn it. I think it was Trevor sent this
40:04
to me. Canada has a debt clock.
40:06
Canada's in better shape than us, though.
40:08
Canadian taxpayers. Their federal debt sits at what
40:13
is that one trillion, $200 billion.
40:17
Canadians are in much better shape than us.
40:21
They only owe about 29,000 Canadian dollars per person in
40:27
national debt, which is probably about 20,000 US roughly, give or
40:31
take, give or take. So it's not just us, it's those
40:35
Canadians as well. And we know what's going on all
40:39
around the world, right? Worldwide debt, I hear 330
40:42
trillion, who knows, probably 350 trillion by now, right?
40:48
And, and remember what Don Indris taught us, a trillion is
40:53
a billion times, I'm sorry, 1,000,000 * 1,000,000, right?
40:58
A trillion is a real, real number.
41:02
Nothing will drive the price of silver and gold like
41:06
uncertainty. I've got a couple more scary
41:08
updates for you. First, I want to say thank you
41:11
to channel sponsor First Mining Gold.
41:12
They make this live stream possible.
41:15
They're a Canadian gold development stage company with
41:18
two multi million ounce projects in Canada, gold in the ground in
41:22
Canada. You can learn more about them at
41:24
firstmininggold.com and Fortuna Mining.
41:27
They're an active mining company.
41:29
They mine silver and gold in Latin America and they mine gold
41:34
in West Africa. You can learn more about them at
41:36
Fortuna mining.com. On the world stage, right.
41:40
We know what's going on with the bricks meeting in one week.
41:43
Massive, massive changes. But on top of that, that's
41:47
uncertainty. But uncertainty squared.
41:49
Are the are are are are the conflicts going on in the world
41:53
Apparently, OK, from what I read this morning, there were spy
41:59
drones that flew over one of our major Air Force bases, Langley
42:03
Air Force Base. I need to learn more about that.
42:07
But guys, that's not a good thing, right?
42:10
Not a good like apparently there were drones 20 feet long drones
42:13
that flew over one of our and Langley I believe is somewhere
42:16
out on the East Coast of the United States.
42:19
We get more clarification. Ukrainian President Zelensky is
42:25
saying that he believes North Korean forces are fighting in
42:30
the Ukraine right now. OK, that situation is, is very
42:36
scary. But on top of it, to make
42:37
matters worse, apparently North Korea, there's a big potential
42:42
for conflict between North Korea and South Korea.
42:45
The North Koreans blew up, exploded, boom, all the roads
42:51
that connect North Korea to South Korea blew them up.
42:55
OK, so that's the world we're living in right now.
42:58
We got the bricks who are doing their thing, moving away from
43:03
the dollar, moving away from the United States.
43:05
But at the same time. And then, of course, we have war
43:09
in the Middle East. We'll see how that plays out.
43:11
We have the war in Ukraine. We have North Korea, South
43:14
Korea. We have China, Taiwan.
43:16
Woof. Oh, yeah.
43:18
And a presidential election coming up here in a little bit.
43:21
Oh, oh, I almost forgot. I got in trouble.
43:23
Hey, hold on, guys. I got in some trouble yesterday
43:27
because I went on a little diatribe about the the fact that
43:31
I can't believe we can't come up with a system in this country to
43:34
accurately count votes. OK, so I wrote this out.
43:38
I said if we can, if we can land men on the moon, this is
43:41
critical and create self landing rockets, track every penny on
43:47
the New York Stock Exchange. I was talking to one of my
43:49
friends last night and he was like, I guess he has his
43:52
insurance with USAA. He's like, they've never been
43:54
off by a penny. Like we can do all these things.
43:56
Look at what Amazon can do, the company Amazon right now, right?
44:01
The technology that we have in this world.
44:04
But you're really going to try to tell me that we can't come up
44:07
with an electronic system, reliable, verifiable, auditable
44:14
to count 220 million votes in this country?
44:18
I mean, doesn't that make you that much?
44:20
It's not just the anger that they can't do it, but why is
44:24
that the case? And you know, this, this very
44:26
smart man that I talked to you last night, he was like, well,
44:29
maybe that's because they like the fact that it's an antiquated
44:32
system. And possibly he's like, maybe
44:35
that's the only thing the two parties can agree on because
44:38
then they know that it gives them this.
44:41
I mean, doesn't, it's just insane to me.
44:44
Not a political statement, just that if if think about this, if
44:47
voting is the most important thing that we do as American
44:51
citizens, right? If it's the most important
44:54
thing, then why isn't there massive amounts of energy and
44:59
resources directed at coming up with a system that can
45:04
accurately count votes? You got blockchain.
45:07
You got, you know, database. I'm not a techie, but this is
45:11
not we, we're not talking about landing somebody on the moon,
45:14
which we did 50 years ago. We're talking about counting
45:18
votes, all right, Having a, a database of eligible voters and
45:23
then tallying who voted and what their votes were.
45:27
And that it's open, not open in terms of who voted for who.
45:31
But but oh, I just got a message from Jake, from Jake's Custom
45:37
parts. I'll do that in one second, but
45:39
that it's that you, you can verify that your vote was was
45:43
was registered and counted. Give me a break.
45:46
Right. We aren't talking about landing
45:48
the man on the moon. And we did that 50 years ago.
45:52
I, I mean, if that's, and then I promise I'll be quiet.
45:54
But if that's what we're we're facing, look, guys, the post
45:58
election period is shaping up to potentially be the period where
46:02
we could have some real issues in this country.
46:06
And it's all going to be about what potentially fighting over
46:09
the votes, right? Fighting over the accuracy of
46:12
the votes. You can.
46:13
I I am. I am so ticked off that that's
46:17
the case and that you're going to tell me, oh, no, we can't
46:20
come up with a system for accurate.
46:21
I mean, give me a break. Butter cups.
46:25
Not you. I mean, these politicians.
46:27
And I think it is true. I think they both like the fact
46:30
that it's it's screwed up. OK.
46:36
All right, Thank you. I'm getting Susie talking to me.
46:39
Jake's talking to me. All right, we're going to go
46:41
check the silver price. Let's hope there's some good
46:44
news here. Oh, boy.
46:46
So here we are back on channel sponsor Pendex.
46:50
And I call that little golden triangle the Pendex Magic
46:53
button. I'm going to press it and we're
46:54
going to take a deep breath, guys.
46:56
We're going to see what's going on with silver here.
46:57
Whoa, hey, thank you, Jake. Thank you, Susie.
47:03
Guys, that's all we got to do is be on these live streams and the
47:06
price of silver goes up. What a pleasant surprise.
47:09
Again, thank you, Jake from Jake's Custom Parts channel,
47:13
moderator and silver price updater and a heck of a good guy
47:17
lover of pizza. We love you, Jake.
47:19
Thanks for all your efforts for the channel.
47:20
We love Big 10, the Silvershire and the one and only Annie
47:24
Oakley. And of course, the lovely and
47:26
talented and probably one of the sweetest people you would ever
47:30
meet. I'll tell you one thing about
47:31
her. She's the exact same way in the
47:33
house that she is outside. It's like she's the most
47:37
consistent, kind, loving person. And I'm going to tell you this
47:40
too, about Susie. I think she's like one person
47:45
that I know who actually gets prettier as the days go by.
47:49
She's very beautiful. Anyway, is that it?
47:53
I think that's it. All right, I'll try to read
48:00
where you're from. I know it's our favorite part of
48:02
the show. Let's and this demonstrates how
48:05
diverse, how spread out right and unique, because you're
48:09
special and unique. We all are.
48:11
We are. OK, I will do my best to read
48:14
your name. Tell me where you're from.
48:16
OK, put it in the tell us where you're joining us from, because
48:19
it's incredible to see how diverse the silver and gold
48:25
community is. So I'm waiting, I'm looking.
48:27
I'm going to do my best. I'm going to have to oh, here, I
48:30
can look up here. Gold's up 10 bucks.
48:34
Yes. OK.
48:35
Grass Valley. Joe from Grass Valley, CA Cat
48:38
from Florida. Eric from Arizona.
48:41
Manitoba Ghost Cary, NC, Columbia, MO.
48:45
All right. E Midlands mad cow.
48:47
Susie's in the living room. Ron from Waco, England.
48:51
Wow, look at how diverse this is.
48:54
Australia. Hello.
48:56
We got a lot of people from Australia.
48:57
Italy. Christopher, I skipped you.
48:59
I'm sorry. I can't read them all day in a
49:01
day in DC. Oh, dirty big ODBG.
49:04
Why? They're going too fast.
49:06
Oklahoma. Holland.
49:07
That's where my grandpa's from. I can't.
49:09
I don't count. Keep putting it up there if I
49:11
miss you. OK.
49:13
Bethlehem, PA. New York.
49:15
Sydney, Australia. Washington, Germany.
49:19
All right, Rudy, Good to see you, my friend.
49:21
Georgia, West Coast Australia. A lot of Australians.
49:25
That's awesome. Yeah.
49:26
Thank you, Zena. Thank you, Hal.
49:29
Guys, we are everywhere. Wow, You got it, Hal.
49:33
OK. Is now.
49:35
Those things aren't going anymore there.
49:37
Ontario, Texas, Missouri. CMO survivalist.
49:41
Balco. Balco The moon.
49:44
Tennessee, Chicago. I went to DePaul University.
49:48
My friend. Camp Oregon.
49:52
Hold on here. I got to stop this.
49:57
There we go. There we go.
49:58
OK. Idaho.
50:01
Wow. Alabama.
50:02
Love Alabama. Detroit, MI Chicago, Iraq.
50:08
Wow. Victor, thank you for your
50:09
service. Be safe, my friend.
50:11
Victor. OK.
50:12
Dwight from California. Gianni from California.
50:16
Use your auction voice. Yeah.
50:18
From Tennessee. Rodney.
50:20
Ontario, Texas, Missouri. Wow, guys.
50:24
Joe Camp, Oregon. Boise, ID, Ohio.
50:27
Rapid City, South Carolina. Hi.
50:29
Drew from Idaho, California, Tennessee.
50:34
Steve from Texas, Scotland. Wow.
50:37
My buddy John Nelms, who I grew up with and played soccer with
50:42
all the way through college, Mr. Bryan is in Dundee, Scotland.
50:45
He's the president of the Dundee Dark Blues.
50:48
I think he owns part of the team, too.
50:49
Good guy. One of the nicest, smartest guys
50:52
you'll ever meet. Super nice guy.
50:54
Bend OR Colorado, Colorado Springs.
50:57
All right, I was just in. Susie.
51:01
Hold on. Susie's saying something.
51:02
Are you saying 300? OK, I'll ring the gong here.
51:06
I'm going to read Colorado, Sweden and we are everywhere.
51:11
Thank you guys. Let me ring the gong.
51:12
We got 300 thumbs up. Sorry for the tech problems
51:15
earlier. Apparently there were some
51:17
Internet issues. This is for you all over the
51:20
world. Three rings of the golden gong.
51:25
Have a great day. Hey, let's hope silver and gold
51:29
continue going up. Everything's been against silver
51:32
and gold. Let me let's just say you got to
51:34
realize that even the China news over the weekend was bad news.
51:39
Remember, China was supposed to put out this massive stimulus
51:43
and it didn't happen. And that was that was supposed
51:45
to crash the price of silver and gold yesterday and today.
51:48
They're just like, they keep fighting back everything that,
51:52
that, that. And that's it's like Rocky
51:54
Balboa, our friend, silver and gold.
51:57
I mean, they just keep coming back, right?
52:00
I mean, and then on the charts, you look at the charts in the
52:03
head and inverse head and shoulders in the the giant
52:08
teacup formation cup and handle whatever you want to call it.
52:12
I mean, it's we are really in a great, great period of time, I
52:16
believe for silver and gold. What makes it even better is
52:20
getting to spend it with you. Thank you for being here.
52:22
OK guys, have a great day and I'll see you soon.
52:26
Thank you.