Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **WARNING** Argentina's SILVER Price a SIGN OF THINGS TO COME!!

Transcript

**WARNING** Argentina's SILVER Price a SIGN OF THINGS TO COME!! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  We're going up by 7000 percent, 70 * / a ten year period.
• 0:07
  Does that sound preposterous? Well, it happened and it
• 0:11
  happened in a big major country in our world.
• 0:15
  And can it happen to us? That's our question, right?
• 0:19
  We know we hear about these crazy price movements in silver
• 0:25
  and gold for that matter, That occurred right here in what is
• 0:28
  for many of you, your home country, the United States of
• 0:33
  America. During the 1970s, I don't know,
• 0:36
  silver went up like 2535 times in value.
• 0:40
  Well, guys, just in the last 10 years there's a country, a
• 0:46
  developed country in our world, a really nice place.
• 0:49
  And I've actually visited there 10-15 years ago, where Silver
• 0:55
  alone has gone up by 7000%. And if I have that correct, that
• 1:00
  means 70 * 70 times. We're going to talk about that
• 1:05
  in this video. And what we really want to hone
• 1:08
  in on is, can it happen here in the United States?
• 1:12
  And I'm going to answer that question for you as well.
• 1:14
  I really appreciate everyone being here.
• 1:16
  Please do that. Press that.
• 1:18
  Thumbs up. I can't believe a Snap live
• 1:21
  stream, and we've got over 150 people with us this morning.
• 1:25
  Press the thumbs up. It's like you're giving me a
• 1:27
  virtual hug. And I hope you consider me a
• 1:29
  friend because I consider each and every one of you that join
• 1:32
  me here in the basement. This is not Ron Tube.
• 1:36
  No, it's YouTube. You're important.
• 1:39
  Your ideas matter. Your thoughts matter.
• 1:42
  Share with us in the comment section.
• 1:44
  OK. I think you have to be
• 1:45
  subscribed and to subscribe to Ron's Basement.
• 1:49
  I've got a number of different plans.
• 1:50
  I've got the monthly plan, the weekly plan, and I've got a big
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  special going right now. Sorry, I'm just, I got this
• 1:59
  thing to the smart watch that my buddy Ricky gave me.
• 2:02
  Driving me crazy. Anyway, if you want to subscribe
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  to the channel, I have the weekly plan, the monthly plan,
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  and the annual plan available right now.
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  And I have a Black Friday special that I held over for a
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  few more days and all those plans I just talked about for
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  you to subscribe, to have all these friends and this
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  unbelievable opportunity for us to hang out together and maybe
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  some good content as well. All those plans are on a I'm,
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  I'm holding it over through the weekend.
• 2:32
  The Black Friday special, it's free.
• 2:35
  That's all free. All the content is free.
• 2:38
  So please subscribe. I went on way too long about
• 2:40
  that. We're going to talk about this
• 2:42
  70 times, increase 70 times. OK, that means like going from
• 2:49
  $20 to $1400 per oz in silver. But let's just review real quick
• 2:56
  some big, major components that are providing support right now
• 3:00
  for the silver price and the gold price, 'cause there are a
• 3:03
  lot of them. And don't we want to know?
• 3:06
  If you're like me, I want to know.
• 3:08
  I want to do the best. We want to do the best we can to
• 3:11
  know that when we have our money in silver, have our money in
• 3:15
  gold, have our money like I do and Susie as well hi Susie in
• 3:21
  precious metal mining stocks that we are in a good position
• 3:25
  that we are smart with everything going on.
• 3:27
  So let's just talk about what's going on.
• 3:29
  Let's review the silver and gold price are both consolidating
• 3:33
  right now, both of which have had big moves.
• 3:36
  Now Silver recently is doing a bit of a catch up move.
• 3:39
  But guys, Gold on Friday closed over $2000 per oz.
• 3:43
  You know the story. We are within spitting distance.
• 3:47
  No longer are we within. Wait, what?
• 3:51
  Something sounds broken. What'd you say?
• 3:53
  Coin chop? Chris, hold on, Say that again
• 3:56
  please. Is the audio OK?
• 3:58
  Does my audio sound bad? OK then we're going to get back
• 4:02
  to the Silver and Gold. But I think we're having some
• 4:04
  technical problems here. A big hello from Denmark.
• 4:07
  Hello Paul. Put it in the comments. 5 by 5
• 4:11
  audio sounds good. OK.
• 4:14
  Mike M says 133,000 open interest contracts on the Comex
• 4:19
  5000 per. That's a silver they don't have.
• 4:23
  Yeah, it's unbelievable. OK, the paper Unicorn, fart
• 4:28
  dust, the electronic, whatever you want to say.
• 4:31
  It sounds good. OK, thank you.
• 4:33
  I didn't see what Chris said. He may have said something else.
• 4:36
  Let me get back to this. We got two things going on right
• 4:40
  now, both of which are key. But the prices of silver and
• 4:43
  gold are consolidating. Gold has had a big move up.
• 4:45
  We are within spitting distance. We are no longer a stone's
• 4:49
  throw. We have upgraded basement
• 4:52
  dwellers, right? We've done it.
• 4:53
  We've done an upgrade to the gold price.
• 4:55
  It's gone from being a stone's throw.
• 4:58
  Feel like I'm throwing a stone to you right to spitting
• 5:01
  distance which is even closer what we need to go up three, 4%
• 5:06
  to get to a new all time high in gold.
• 5:08
  I mean Bitcoin can do that in a day, can do that in an hour.
• 5:13
  Once we get to that new all time high, we're off to the races.
• 5:16
  We're not going to go down that path.
• 5:17
  Yes, silver is totally manipulated on the Comex.
• 5:22
  I want to just briefly touch on this comment when I was trying
• 5:25
  to confirm that we have a good audio.
• 5:28
  But guys, yes, silver is manipulated in the short term.
• 5:32
  That's all they can do. In the long term, the laws of
• 5:35
  math, the laws of nature, the laws of supply and demand, the
• 5:39
  laws of free market will dictate and the silver price will go
• 5:44
  higher. So sure, they can spoofy, poofy,
• 5:47
  That's what they do. They spoof.
• 5:49
  OK, I've made many videos about that in the past.
• 5:51
  And they manipulate the price of silver and gold for that matter,
• 5:54
  then probably platinum as well. They can do that in the short
• 5:57
  term. But oh, there's good news.
• 6:00
  It's Sunday morning. Do you want to hear some good
• 6:02
  news? Yes.
• 6:03
  You want to hear some good news because the king of precious
• 6:07
  metals himself, Rick Rule, said this just a few weeks ago.
• 6:11
  And I'd never thought about this and I've never heard anybody
• 6:14
  else say it. But think about it.
• 6:16
  Yeah, sure. They can manipulate only on a
• 6:18
  short term basis the price of silver and gold and they've been
• 6:21
  doing it for the last number of decades, generally manipulating
• 6:24
  the price down. Why?
• 6:27
  Why? Because the macro environment,
• 6:29
  the strong dollar, the US hegemony, the fact that.
• 6:32
  Hey, thank you, Thomas Toops for the Super chat.
• 6:35
  The fact that the United States ruled the world, it didn't like
• 6:39
  silver and gold, it was easier for them to manipulate the price
• 6:42
  down on the COMEX and the LBMAI got news for you.
• 6:47
  Those manipulators, those price manipulators, they don't care if
• 6:52
  silver goes up or down, OK. They just pushed it down because
• 6:56
  that was the path of least resistance.
• 6:58
  This is critical and exciting guys as we move into the coming
• 7:03
  decade is the US is not ruling. The world is the US cannot
• 7:06
  control the value of silver and gold.
• 7:10
  It's going to be easier for those manipulators to manipulate
• 7:14
  it to the upside. And Rick Rule alluded to this.
• 7:17
  If I've got it wrong, I apologize, Rick Rule, but that's
• 7:19
  what I heard you say. And I believe that to be the
• 7:23
  case because the world has bifurcated, Bifurcated,
• 7:27
  bifurcated. Split the world's change like
• 7:29
  never before. Back to our regularly scheduled
• 7:33
  programming, Silver and gold. Don't forget another great
• 7:36
  supportive factor. Everybody's.
• 7:39
  Have you heard everybody, huh? Now, everybody, we've been
• 7:43
  saying this for a while. We know how screwed up the
• 7:45
  system is, But now everybody's saying, have you heard?
• 7:50
  We think the Fed is done raising rates.
• 7:53
  Have you heard that? Now they're all, they're all
• 7:56
  coming around to what? US basement dwellers, we've been
• 7:58
  talking about this for three or four months.
• 8:01
  Right now everybody's saying I think the Fed's done raising
• 8:04
  rates. I think the Fed doesn't have any
• 8:06
  more ammunition, OK? Even though even though
• 8:13
  Bidenomics is working, right, right.
• 8:16
  If the economy's so strong, the Fed's out of bullets, right?
• 8:21
  Inflation's coming down. Well, is inflation coming down
• 8:24
  because the economy's crashing because we're heading into a
• 8:27
  recession, depression environment.
• 8:29
  I don't know what what we do know.
• 8:32
  What we do know is the absolute fact this darn smart watch keeps
• 8:37
  beeping. Now every time somebody sends me
• 8:39
  a message Coin shop Chris, you know I'm, he's sent me a text
• 8:44
  and my my wrist is vibrating. If I start doing this.
• 8:47
  You guys know what's going on. I'm not still sure I'm used to
• 8:50
  this yet smart watch. I've had it for a week.
• 8:53
  I said I would try it. My buddy Ricky gave it to me.
• 8:55
  Little Ricky, big Ricky. But little Ricky, we've been
• 8:58
  friends since the 3rd grade. The feds done OK.
• 9:04
  That means that interest rates can come down.
• 9:07
  That means that the dollar can come down.
• 9:10
  That is absolutely supportive for the price of silver and
• 9:14
  gold. And when people wake up, right
• 9:16
  that they have no money, OK? If you're an average American,
• 9:20
  you don't have any money. As a matter of fact, you got
• 9:22
  some credit card debt. If you do have some money in
• 9:24
  your 4O1K, you're likely taking it out.
• 9:27
  OK, everything is coming together, but I got four other.
• 9:31
  And then we're going to talk about this country right, where
• 9:34
  they've had 70 times increase in the price of silver and how that
• 9:39
  can happen right here in the old United States of America.
• 9:43
  But before we do that, hey, thank you guys for all those
• 9:46
  virtual hugs, those thumbs UPS, right.
• 9:50
  I felt it. We got over 100.
• 9:52
  I'm going to ring the bell. Oh boy.
• 9:55
  I got everything screwed up this morning.
• 9:57
  I'm going to ring the bell for you.
• 9:58
  OK, 10 * 1 time for each ten thumbs up.
• 10:08
  What else is going on out there? Let's just talk about inflation.
• 10:12
  Silver and gold will protect you from inflation over the long
• 10:16
  haul. Do we have inflationary
• 10:19
  pressures? Think about it.
• 10:20
  Aren't you spending more and getting less, despite what your
• 10:26
  government tells you that, oh, it's under control on official
• 10:29
  level. You're spending more in getting
• 10:31
  less. That's a big macro environment.
• 10:34
  But that will continue to provide support for the silver
• 10:36
  and gold price. Take a step back.
• 10:41
  I don't know how old you are. You know what?
• 10:43
  Do me a favor. I'm going to put it in the chat.
• 10:45
  I'm going to put my money where my mouth is.
• 10:48
  I AM 53.9 years old. Did I say that right?
• 10:54
  Yes. So I don't know how old you are.
• 10:56
  I always love to see how old you are.
• 10:58
  Coin Shop Chris is 430 years old. 43 years old.
• 11:02
  Sorry. He's a wise man though.
• 11:04
  Ricky's House of crap is 63. He's got 10 years on me.
• 11:07
  How old are you? And I want you to think about
• 11:10
  that as you think back on your life.
• 11:12
  Have you ever? OK.
• 11:14
  Safe haven status for silver and gold is one of the biggest
• 11:19
  supporting factors when countries in the world don't
• 11:23
  trust each other or even worse, are at war.
• 11:26
  And think about what is going on right now with Iran.
• 11:30
  Think about what's going on with Syria.
• 11:33
  Think about what's going on with Iraq.
• 11:36
  Think about what's going on in Israel and Palestine.
• 11:41
  Think about OK, because now we've all forgot about it.
• 11:45
  You know, it seems to have faded from the what's going on in the
• 11:49
  Ukraine, right. And the fact that Ukraine is not
• 11:53
  doing too well in that situation.
• 11:56
  Think about the geopolitical situation going on in the world,
• 12:00
  OK. Think about the safe haven
• 12:02
  status for silver and gold. Think about the economy slowing
• 12:06
  down. Think about by dynamics and how
• 12:08
  great it's working. Right.
• 12:11
  Think about the fact. What does it mean right when
• 12:14
  they do a survey of small business owners and 13 percent,
• 12:20
  13% of them say they approve of how Joe Biden is managing the
• 12:26
  economy. 13% Now let me ask you a question, don't we?
• 12:33
  Aren't we brought? We always hear two things about
• 12:35
  the US economy. It's based on the consumer.
• 12:39
  Well, so we know the consumer is is dying right now is they're
• 12:43
  not. They can't use their credit
• 12:45
  cards, They can't use savings because that's all gone.
• 12:47
  They can't use their 401 KS now they're now they're using these.
• 12:51
  And we talked about this yesterday, buy now, pay later
• 12:55
  BNPL things where, Oh yeah, you can buy a new, a new big screen
• 12:59
  TV and you can pay, you know, three months from now, whatever
• 13:03
  the economy, the consumer is dying.
• 13:06
  But what's? That's not the point.
• 13:08
  What's the point here, Ron? The point is 13% of small
• 13:12
  business owners, only 13%. What is that?
• 13:16
  One in seven, one in eight approve of how the economy is
• 13:22
  going, Approve of President Joe Biden.
• 13:24
  That's just a fact. This is not a political show.
• 13:26
  OK? No, it's not.
• 13:28
  But read between the lines on that one baby.
• 13:32
  What else are we told? We're told the consumers, the
• 13:35
  backbone of the US economy. We're told something else,
• 13:37
  aren't we? Small business is the heartbeat
• 13:41
  of the American economy, is the lifeblood of the American
• 13:46
  economy. Innovation, that's where all the
• 13:48
  jobs are. That's where all the growth is.
• 13:52
  And only one in eight of those small business owners approve of
• 13:57
  the current economic situation by economics.
• 14:01
  So maybe they're just getting that one in nine people and
• 14:05
  bringing them to the White House and letting them eat ice cream
• 14:08
  with Joe. And that's why he wants to keep
• 14:10
  telling us all it's working. I mean, how's it working?
• 14:15
  I don't understand, right? You're spending over a trillion
• 14:20
  more per year than you're bringing in, and you can only
• 14:22
  squeeze out a tiny growth number, which nobody believes
• 14:27
  anyway. And then when you actually pull
• 14:29
  people, when you talk to real people on the street, small
• 14:33
  business owners. I've owned small business.
• 14:35
  I guess this is technically a small business.
• 14:37
  Small business owners work their butt off, OK.
• 14:40
  When you pull those people, only one in eight or one in nine
• 14:44
  approve of your it's working economy.
• 14:48
  Again, this is not a political show.
• 14:50
  I'm just stating the actual facts.
• 14:53
  When you listen to the, the CE OS, when you listen to the
• 14:58
  people that are on the ground in places like the trucking
• 15:02
  industry, we'll just focus on that for a second.
• 15:04
  I promise you. Because I think this is so
• 15:06
  critically important, right. And you and you hear, you hear
• 15:09
  executives in the trucking industry say this is the worst
• 15:13
  we've seen it, right. Volumes are down.
• 15:17
  People that have bought these big expensive rigs that were two
• 15:20
  or three years ago able to make a living for their family are
• 15:23
  going broke because freight volumes are down by 15%.
• 15:27
  But but, but, but the but the retail sales are growing well.
• 15:31
  Yeah, sure. Measured in pure dollar terms,
• 15:34
  but in terms of number of items, products being moved around the
• 15:38
  country, it's not good. I digress.
• 15:41
  I'm sorry. And on a global scale, we get
• 15:44
  these numbers, The global economy's slowing as well.
• 15:47
  Germany's slowing as well. Hold on.
• 15:49
  We're going to get, you know, what I promised you 70 times on
• 15:54
  silver and we're going to get to that one second.
• 15:56
  Let me ask you a question though, first.
• 16:05
  I mean, I mean, I just want to ask you a question.
• 16:08
  Do you feel like overall that things that the that that it's
• 16:14
  harder or easier right now compared to let's say, four
• 16:20
  years ago to provide for your family, to provide for yourself,
• 16:24
  to do what you want? I'll put my answer in there.
• 16:26
  I'll put all caps. I think.
• 16:29
  I think it's harder, undoubtedly harder now.
• 16:32
  My daughters have gone from being 7:00 to 11:00 and then
• 16:35
  kids get more expensive as they get older, right?
• 16:37
  They eat more. They want iPhones and stuff like
• 16:41
  that. But I think it's gotten harder.
• 16:43
  Ricky's House of crap. Much more difficult.
• 16:45
  Hello. Annie Oakley.
• 16:46
  Good to see you. Good to see you.
• 16:49
  Jim M, good to see you. Coin shop.
• 16:50
  Chris. I appreciate the you guys
• 16:52
  hopping on here with this is AI. Can't believe we have 400 people
• 16:56
  here. This is a flash.
• 16:57
  We were getting thousands of people.
• 17:00
  And it's not me, it's you. It's all of you coming together
• 17:04
  that are interested in these subjects.
• 17:06
  It's just fascinating. Thank you all so much for being
• 17:09
  in here. Let's talk about social.
• 17:11
  These. Those were pressures that are
• 17:13
  that are that are helping buoy the price of silver and gold,
• 17:17
  right? The inflation pressures, this
• 17:19
  horrible geopolitical risk, this stuff going on in the world, the
• 17:23
  bifurcation, right, economic pressures going on.
• 17:27
  So what about social pressures, right?
• 17:30
  Does it feel like to you that that, I'll be honest, I'm
• 17:33
  probably a little more angry in general than I was four or five
• 17:36
  years ago, Right? Things are more difficult for
• 17:39
  people. I think it's happening all over
• 17:41
  the world. I can't say that I can talk
• 17:43
  about my basement Saint Louis. I travel a little bit.
• 17:47
  But it just seems like people are more angry in general.
• 17:51
  Like we have social pressure in the world.
• 17:54
  We know in the United States this is not a political show,
• 17:58
  but the Democrats and the Republicans hate each other.
• 18:01
  You've got people polarized like never before.
• 18:04
  I'm going to tell the story because it bears repeating.
• 18:07
  Before we had children, Susie and I went away for a couple
• 18:09
  night weekend trip to Springfield, IL.
• 18:12
  We stayed at some cheap hotel, 'cause I'm cheap, but it was a
• 18:15
  value hotel nonetheless. We went to the Lincoln
• 18:19
  Presidential Museum and it was pretty cool.
• 18:22
  I'm not a big museum guy, but I I'm good in museums for about 43
• 18:27
  minutes. I like museums better than big
• 18:29
  box retail stores. How about you?
• 18:34
  Which do you prefer? I prefer museums.
• 18:39
  I just hate going into big box retail.
• 18:42
  Anyway, we're in this museum. We go in this room and there's
• 18:45
  all these, like, laminated newspaper headlines from right
• 18:49
  before the Civil War. And I'm reading this stuff and
• 18:52
  I'm thinking, I'm thinking, Oh my gosh, it was vile, what they
• 18:58
  were saying in the newspapers about each other.
• 19:00
  I thought, I can't believe that was the case.
• 19:02
  This was like 15 years ago. I don't know who the president
• 19:05
  was. Clinton.
• 19:06
  I have no idea. I'm bad about that stuff.
• 19:08
  But anyway, I was shocked at how vile these headlines were.
• 19:12
  I'm telling you now, when you turn on the the, the, the, the
• 19:17
  cable news channels, they ain't called that anymore.
• 19:20
  But you know what I'm saying? CNNMSNBC and Fox News and all
• 19:25
  those the what? The way they speak on those
• 19:28
  channels about each other is downright vile.
• 19:31
  Whether you're talking bad about Trump, good about Trump, bad
• 19:34
  about Biden is not a political show.
• 19:37
  But my observation is we are it much more contentious right now.
• 19:42
  Social pressures like things could pop.
• 19:44
  I don't want them to. But things are so that again,
• 19:48
  right, people are in big trouble.
• 19:50
  Right people are in big, big trouble.
• 19:53
  And then finally, before we get to the before we get to the 70
• 20:00
  times, why can't it happen? Do you think it could?
• 20:02
  Can you even imagine silver going up 17 or 770?
• 20:09
  7000 percent, 70 times in value in 10 years.
• 20:15
  Could it happen? We're going to find out.
• 20:17
  But first I need to say I need Susie's mooing at me from
• 20:23
  upstairs. I understand, Susie, I hear you.
• 20:26
  But what we need to do is I need to say thank you again.
• 20:30
  More thumbs up. More virtual hugs you guys gave
• 20:33
  me. And don't forget to subscribe.
• 20:34
  I got a Black Friday special. It's free to subscribe, but we
• 20:38
  got 200 thumbs up. This is the three second bell
• 20:41
  warning. Some of you don't like bells.
• 20:43
  If you don't like the bells, mute your headphones.
• 20:46
  Just watch the video. I'll smile for you.
• 21:14
  It's the holiday season. The holiday season.
• 21:19
  Ho ho ho and wiggly woah, Santa Claus is coming to town.
• 21:25
  OK, the other thing that screwed up right I forgot to say thanks
• 21:31
  to the sponsors. Thank you, Pinbex.
• 21:34
  Sponsors are important because I can't do this without sponsors.
• 21:37
  Pinbex is important to me as well because it's a company that
• 21:40
  I worked with before they even sponsored my channel.
• 21:43
  I trust them. They have the best selection,
• 21:46
  they have the best customer service.
• 21:49
  And then what's that other thing that's always important?
• 21:52
  They've got the best darn prices.
• 21:54
  Pinbex Pi, MB E, xpinbex.com. They're an online bullion
• 21:59
  dealer, but you can call them on the phone too if you want to,
• 22:03
  right? Talk to a real live human being.
• 22:06
  OK, but they always have the best price.
• 22:08
  What I've found when I buy silver is if I can get a better
• 22:13
  price, I can get more silver. And if it's the same thing,
• 22:19
  right? A Canadian Maple Leaf is a
• 22:22
  Canadian Maple Leaf. And if I can get two or three or
• 22:24
  four or more when I'm buying, you know, if I buy a tube and I
• 22:29
  can get an extra coin or two coins because I get the best
• 22:31
  price, well, hey, I'll take it right.
• 22:34
  If you don't want it, send it my way.
• 22:36
  I'm sure coin shop Chris would take it as well.
• 22:38
  OK, final thing, fiscal pressure.
• 22:42
  Yes, I just heard it this morning.
• 22:45
  The US debt clock says the United States of America has
• 22:48
  $33.7 trillion in debt. I'll remind you, a trillion is
• 22:54
  1,000,000 * 1,000,000. It is an untenable situation.
• 22:58
  It is coming to a theater near you.
• 23:02
  It's coming to a head right now in the United States.
• 23:07
  We got big problems, and it's going to cause big, big, big
• 23:11
  cataclysmic shifts in the financial structure.
• 23:15
  It's going to happen. All right, without further ado,
• 23:18
  let's all have a sip of coffee. Without further ado, do let's
• 23:26
  talk about a country. Oh, you want to hear a story
• 23:30
  about a country that I visited? Not both again.
• 23:32
  Before I had kids 14 years ago with my friend little Ricky.
• 23:35
  He had a free airline ticket. We went to Buenos Aires for a
• 23:39
  week. The Paris of South America.
• 23:42
  I'm telling you, it's a beautiful place, an awesome,
• 23:45
  beautiful city. Very sophisticated.
• 23:48
  Most people in North America, I never hear about people going to
• 23:51
  South America for vacation. Everybody wants to go to Italy
• 23:55
  or Italy's the big one. We're going to Italy.
• 23:58
  It's like, oh, I don't want to go to Italy.
• 24:00
  I've been to Budapest, I've been to Prague.
• 24:03
  I don't want to go, go to Buenos Aires.
• 24:05
  Trust me. It's a beautiful place.
• 24:07
  But what you'll find and what has happened, this is a fact, a
• 24:12
  math. I got a chart.
• 24:13
  I'm going to show it to you. The price of silver in the last
• 24:16
  10 years has gone up 70 times, which I think is the same thing
• 24:21
  as saying 7000%. OK And we're going to talk about
• 24:27
  why? And we're going to talk about
• 24:29
  can it happen in the United States here.
• 24:34
  Uh oh, I lost my chart. Bear with me, folks.
• 24:40
  What the heck? Oh, sorry.
• 24:43
  Oh boy. Welcome to a live stream.
• 24:46
  The wheels are coming off the bus.
• 24:49
  Here. It's over here.
• 24:53
  I printed that for you. Can you see that?
• 24:54
  Hold on That. That is.
• 24:57
  Hello. That is a price of silver in
• 25:02
  Argentine pesos starting in November of 2013 and ending over
• 25:10
  here today. OK, Exactly 10 years.
• 25:15
  I pulled up an exact chart. OK.
• 25:17
  All right. So if you look at that 10 years
• 25:20
  ago, an ounce of silver in Argentina would have cost you
• 25:24
  123 pesos, roughly. You know what the price is
• 25:28
  today, 8700 pesos, it's gone up by over 70 * 7000%.
• 25:37
  But what caused that? That's what do they call that
• 25:40
  parabolic move? Well, you know what happened in
• 25:43
  Argentina, right? They caused that to happen.
• 25:46
  They got too much debt and they had to start defaulting on their
• 25:50
  debt because they couldn't pay it.
• 25:52
  Right? But let me, let me just throw
• 25:54
  the. And now they've got this new
• 25:56
  president, Javier Miley, who's an old soccer player.
• 25:59
  I'm an old soccer player. You may not know that.
• 26:02
  You know. The people don't want to hear
• 26:03
  this. I know.
• 26:03
  Yeah. I'm not even going to tell you.
• 26:06
  I I. Anyway, he's an old soccer
• 26:08
  player, a goalie. Well, I played soccer.
• 26:12
  I went through college on a Division One soccer scholarship
• 26:15
  here in the United States of America.
• 26:18
  And I'm going to tell you, and I love the goalies, don't take it,
• 26:20
  but they always the joke around soccer is the goalies are crazy.
• 26:23
  OK, so this guy was a goalie, like a professional, so he was
• 26:28
  really crazy. And he's like a far right wing
• 26:32
  guy that's been elected. He's got all these, like what a
• 26:36
  lot of people are saying are extreme, crazy ideas.
• 26:39
  But what happened in Argentina that caused the price of silver
• 26:45
  to go right to go up 70 times? Can it happen in the United
• 26:51
  States? Do you think it can?
• 26:53
  Does it, Does it sound similar? The government of Argentina
• 26:57
  borrowed too much money and continued to borrow too much
• 27:01
  money? The country of Argentina for a
• 27:04
  number of years kept kicking the can down the road.
• 27:08
  Does it sound familiar, right? Does it sound like after the
• 27:12
  long term Capital Management crisis in the United States, the
• 27:15
  Fed, the the tech bubble crisis in the United States, the 2007,
• 27:21
  2008 financial crisis which none of these bankers got in any
• 27:25
  trouble over, right. They that we've been kicking the
• 27:28
  can right. The can got bigger.
• 27:30
  It turned, it turned from one of those little soda, those little
• 27:33
  cans they sell now like everything that shrunk.
• 27:36
  But that's a different story to a 12 ounce can, to one of
• 27:39
  Susie's 16 ounce Miller Lite cans, to A to a 40 ouncer can.
• 27:45
  Like I used to drink of beer to to like a paint can and then it
• 27:50
  turned into a 5 gallon bucket and now you know what happened
• 27:54
  to Argentina and where we are getting are that that all of a
• 27:58
  sudden that can turned into a 55 gallon steel drum.
• 28:02
  You know what I'm talking about. One of those big steel drums and
• 28:05
  they couldn't kick it any further.
• 28:07
  And it caused a currency crisis, a sovereign debt crisis.
• 28:11
  And it caused this, guys. It caused the price of silver to
• 28:16
  go up by all that. Right.
• 28:20
  Parabolic move. And let me just let me just, I
• 28:24
  want you to consider this. I want you to.
• 28:28
  I know America's exceptional, and I believe it.
• 28:31
  I'm a, I'm actually very patriotic and I don't even
• 28:33
  complain about this stuff because I have a First Amendment
• 28:36
  right to do so and right. I don't like what's going on.
• 28:41
  You probably don't either. But we got to ask ourselves a
• 28:45
  question. Is the United States subject to
• 28:48
  the same laws of mathematics as Argentina?
• 28:53
  What do you think? I'm going to type my answer in
• 28:57
  the chat. I think yes, we are.
• 29:00
  In the end, we are. We are subject to the same laws
• 29:03
  of supply and demand, the same laws of mathematics, right?
• 29:08
  The same laws. Maybe we can, because of our
• 29:12
  powerful stature in the world, defer certain things.
• 29:15
  But at the end of the day, we are subject to the same laws of
• 29:18
  mathematics. I don't like what's going on.
• 29:22
  I don't, OK, but this is a visual demonstration.
• 29:28
  In 10 years, what can happen? Can you see that?
• 29:32
  Hey, guys, what can happen to the price of silver?
• 29:38
  Isn't that kind of sorta on a muted scale?
• 29:41
  What happened here in the United States of America in the 1970s?
• 29:46
  And aren't we in a position now where fiscally, geopolitically,
• 29:51
  socially, things are as bad or worse right now in the United
• 29:57
  States as compared back to the 1970s?
• 30:02
  Think about it. All right guys, I'll be back at
• 30:04
  12 noon Central Time. I have a regularly scheduled
• 30:08
  live stream. OK.
• 30:09
  If you want to hop on it, That one totally different subject
• 30:13
  matter. This Argentina thing just really
• 30:15
  set me off this morning. 450 people here this morning.
• 30:20
  That's a big, big, big deal. OK, you know what I'll do?
• 30:24
  I don't think we can do it. I don't.
• 30:26
  I don't think we can do it. But I've got this is called my
• 30:28
  coin shop. Chris Timer.
• 30:31
  He knows I'm joking around when I say that.
• 30:34
  But when we're when we're making videos, if he talks too long, I
• 30:37
  flip it over. It's a 2 minute.
• 30:39
  Well, hold on. Here's what I'm going to ask
• 30:41
  you. Please, right We got 265 thumbs
• 30:45
  up. We have 420 people with us right
• 30:48
  now. Can we get If we get to 300
• 30:50
  thumbs up? I'm going to ring the Golden
• 30:52
  Gong. Where is it?
• 30:55
  Right there. The Weber Bears.
• 30:56
  Got it. The Golden Gong.
• 30:59
  If we get the 300 thumbs up, I'm going to ring the Golden Gong
• 31:02
  three times And it's pretty cool.
• 31:04
  Came from our friends, Stu. But we only have two minutes.
• 31:07
  We have 275. Can I get 276?
• 31:11
  I won't sing, I promise. And I'm going to start the timer
• 31:15
  right now. What we're trying to do here is
• 31:18
  show the power of the people. It's like if I say, hey, let's
• 31:21
  all go buy some silver, can we do it?
• 31:24
  Can we get to 300? Thumbs up before the sand runs
• 31:27
  out. I'm not going to ring the gong
• 31:29
  unless we get to 300. Come on, guys, press that thumbs
• 31:32
  up. In the meantime, 293.
• 31:36
  Come on, man, find it on your screen.
• 31:38
  Seven people. Tick tock, tick tock.
• 31:41
  See that sand going through there?
• 31:43
  We got 300 thumbs up. Man, you guys are fast.
• 31:46
  Here we go. Thank you.
• 31:48
  I don't know why that made me so happy.
• 31:51
  It's like I'm telling you. It's like virtual hugs.
• 31:54
  I'm going to ring the gong three times for you.
• 32:03
  One more bonus ring. The first one wasn't too good.
• 32:06
  Here we go. Alright guys, I'll see you
• 32:11
  later. Thank you for being here.
• 32:13
  Thanks for the thumbs up. OK, have a great day and I'll
• 32:16
  see you soon. Thank you.