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UPDATE!! - $UFD - GOLD - SILVER · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Hey guys, welcome to the live stream.
0:03
Welcome to the Basement Duster Club.
0:05
Horns up. Let's run out to our friends at
0:09
Abstract here and let me get us streaming on Abstract and then
0:15
we'll be ready to go. Man, what we got a lot of great
0:18
things to talk about today, a lot going on.
0:22
And let's make sure, OK, mute that so you don't hear a me
0:29
echoing. It's bad enough to hear me once.
0:31
If you got to hear me twice, it might just drive you crazy.
0:34
Listen, I'm going to deal with myself all day long.
0:37
But right now we get to deal with with each other.
0:40
Horns up dusters. There are some extraordinary
0:44
things going on within our community within the meme coin
0:48
sector that I think point us toward this.
0:51
What still remains to be the case?
0:53
Unlimited potential for Unicorn fart dust.
0:58
OK, hey, first my disclaimer, this is not financial advice.
1:02
Whatever you invest in in the world, do it responsibly.
1:06
But I'm not a financial advisor. I'm giving you my truth, what I
1:09
believe about Unicorn fart dust, but always invest responsibly.
1:14
Don't take too much risk. That would be the only quote UN
1:17
quote advice that I would give you.
1:19
Now, I had a crazy experience last night regarding Unicorn
1:24
Fart Dust and it relates to our community and how it is really
1:30
quite similar to other big major communities, countries,
1:34
religions, communities that have formed over the Millennium.
1:38
OK, this is very interesting and I think points us to the fact
1:43
that we've got a lot of great things coming ahead for us.
1:50
Sorry, I was having a little voice issue there.
1:53
OK, so I'm reading this book about it like the the best book
1:57
ever about communities just trying to learn like what's
2:00
going on with Unicorn fart dust. In this book points out
2:04
something very, very important. It says that any great community
2:09
has been been formed in an environment where there was a
2:13
historic struggle against daunting competitors, a historic
2:20
struggle against extraordinary odds.
2:23
Think about the United States and the story about how the
2:26
United States rose up against Great Britain.
2:28
Think of any great religion. Think of any most any great
2:32
organization, even great sports teams that were up against
2:37
adversity and prevailed through grit and determination.
2:40
I think the big key thing for us to remember is that's what we
2:44
are doing right now. We were, we were born turn into
2:49
FUD, right, FUD, FUD, but we became UFD.
2:56
We flipped the the letters, we flipped the script on the crypto
3:01
world. What have been going on in the
3:02
meme coin sector to become this extraordinary movement that we
3:06
are today. So I wanted to share that with
3:08
you. What we're going through right
3:10
now, this struggle is the same thing that any great
3:14
organization has gone through. And it's, it's, it's the the
3:17
great part part about it is, and I think what makes it even
3:20
stronger, you know, it's organic.
3:22
You know that, that, that, that we were born in thud.
3:26
We already covered that. But think about it, guys, are we
3:29
having fun? Are you having fun doing this?
3:31
Are you having fun while we're going through this?
3:35
What a lot of people would give up and walk away, but not the
3:39
dusters, not the Unicorn fart dust diamond hood dusters.
3:44
No, we're no butter cups. No, we're dusters.
3:47
So we're going through this formative phase, right, of our
3:51
community, of our movement, of our coin.
3:55
But we're doing it with a good attitude.
3:57
Sure, we got some dissension from time to time.
4:00
And of course, right, any great movement will also have its fair
4:05
share of detractors and haters. But we're going through it with
4:09
grace, with style. We're going through it having a
4:11
lot of fun. We're going through it together
4:13
because we have shared common beliefs.
4:14
We believe and good attracts good.
4:17
We believe in honesty, integrity and prosperity.
4:20
We believe we have common beliefs, and there is.
4:23
So I promise I'll shut up, OK, I promise.
4:27
But there's so much good going on.
4:31
I'm sorry, when I look at most all, not all, but most all of
4:35
the other meme corn communities, what we have the the depth of
4:40
our bonds, the the depth of our relationships, right, sure we're
4:44
like a big spider web decentralized.
4:47
I'm not in charge. Hey, you want to do a live
4:49
stream, go for it. You want to do a spaces, go for
4:52
it, right? You know, right, This is all
4:55
open source. But at the same time, the, the,
4:59
the, the bond, the strength of, of this, of these, of these
5:03
relationships we have in this community are really, really
5:08
unbeatable. Speaking of which, we've got
5:09
community members doing things any everywhere that are just
5:13
absolutely incredible. Let's start to run through some
5:17
of the latest. OK, yesterday we had the roaring
5:20
kit Kitty million post Monday meme contest.
5:23
There's Emma Bear. It is not over, but what a great
5:26
job. You guys knocked it out of the
5:28
park. OK, The winners will be
5:30
announced on the end of the day, March 26th.
5:35
So thank you. Emma Bear, you know, guys, she's
5:38
there's a lot of key members, no doubt, a lot of people,
5:41
including you doing a lot. But Emma Bear really goes above
5:45
and beyond. And what do you think?
5:47
Do you think we're going to get Keith's Roaring Kitty's
5:51
attention? I was thinking about it this
5:54
morning. I was like, I I can almost
5:56
guarantee that Roaring Kitty, if he didn't know what Unicorn fart
6:00
dust was 48 hours ago, at minimum he knows what we are
6:06
now. And you know how it goes if he
6:07
just puts 1 little part of his hoove.
6:10
His little buttercup hoove into the Unicorn fart dust community
6:14
and sees what we are doing, sees the good good, attracts good,
6:18
sees the the battle that we are gladly taking on right within
6:23
the meme coin sector. When he sees just how, how, how
6:28
robust and kind everyone is, I think we'll suck him in.
6:32
I think we'll take Roaring Kitty's.
6:34
I should. I'm sorry.
6:34
I should have said paw. When he puts one of his little
6:37
paws into our pool, he's going to like what he sees.
6:40
So, Roaring Kitty, the offer's still open.
6:43
You're welcome. Come on.
6:44
Ron's basement with me. We can do it remotely.
6:47
We can do it through Stream Yard.
6:49
It'd be great to have you join me here in the basement.
6:53
I'm just a normal guy. One of the community members
6:57
here at Unicorn Part All right, let's move on.
7:02
This is fun. We got a fun little contest
7:05
going on. Not a contest, but well, maybe a
7:07
contest. I don't know what you call this,
7:09
but for some reason this one is catching everyone's attention
7:13
from this guy Landy who raids harder APU or UFD guys were it's
7:19
like neck and neck. Let me see if I can refresh this
7:23
and get a hold on here, See if I can get a refresher going on.
7:31
Let's see if there's an update on this.
7:33
And I believe it goes for another day or so.
7:38
One day left. Yeah.
7:39
Look at that, guys. We are neck and neck.
7:41
Can we stick our horns out in front?
7:43
What do you think? Dusters?
7:45
I don't know. OK.
7:46
Now look, another key thing that we are dealing with at UFD is
7:51
our ability to attract new people, but also our ability to
7:55
retain our dusters and our ability to bring back the
7:59
prodigal dusters. Yes, those dusters who wandered
8:02
away on us, right? You know, they wandered away and
8:07
they want to come back. We we must, we must remain
8:11
positive and supportive with each other.
8:14
This is a very touching story. I want to show you an example
8:18
here. This came from Emma again.
8:22
This is why we should respond to current and former dusters who
8:25
express fear and doubt. It's okay guys.
8:28
We all go through our ups and downs.
8:30
We're going to have our days where we have our fear and
8:32
doubt. We should lead with empathy, not
8:34
shame. Telling people to dump their
8:36
bags or that they're not real dusters is antithetical.
8:41
Sorry Emma, my vocabulary is not that advanced.
8:44
I should have looked that up. But I will afterwards do what
8:47
UFD stands for. None of us will be perfect at
8:50
this. I haven't been either.
8:52
But effort and consistency matter.
8:54
That's what integrity is all about.
8:55
But this is the story we want to read.
8:57
This was from our friend Colby. Colby said OK, so I posted what
9:02
could have been construed as a little FUD on the timeline.
9:06
Remember, if you switch EU and the F, if you flip them, UFD is
9:10
thud. We were born in thud.
9:11
Thud can't hurt us. But he posted a little thud on
9:15
the timeline today. But you know, what followed was
9:18
really inspiring and made me feel more conviction in Unicorn
9:22
fart dust than when I woke up this morning.
9:26
So I don't regret it. And you guys know who you are.
9:30
You are you guys know you are great and I feel proud to be
9:33
here with all of you in this amazing, right?
9:36
So Colby basically, you know, maybe wasn't having a good day.
9:39
That happens right? Happens to all of us put out
9:42
something that was maybe a little fetish.
9:44
But what he got was empathy and support from the community and
9:49
it actually made him feel even even more committed to what we
9:53
are doing. So great point there, Emma.
9:55
I appreciate that. Thank you, Colby, for sharing
9:58
that story. OK, I want to remind everyone,
10:03
hold on, let's get you back. Are you there?
10:06
Are you there? You.
10:08
I mean, Can you believe this, right?
10:10
We're part of this unbelievable community.
10:13
Unicorn fart dust. I mean, look, I'm 55 years old.
10:16
I'm an almost boomer. 30 years ago, if you told us that we'd be
10:20
together right now, all of us. Do you feel it?
10:23
Do you feel it in your horn? Is your horn tingling?
10:26
It's unbelievable what we are doing, what we're able to do,
10:31
right? And now this great movement that
10:33
we have, That's not what I wanted to tell you.
10:35
What I wanted to remind you is that at 10:00 AM central, that
10:38
would be about one hour and 20 minutes from right now.
10:42
We're going to have our weekly spaces.
10:44
Feel free to hop in if you have questions, complaints,
10:48
compliments, whatever you wanna do, hop in there.
10:51
It's every Tuesday at 10:00 AM Central.
10:53
Don't forget. Okay, let's go to Doster of the
10:56
day. Sorry, I might have to do a
11:00
spaces. I'm having a little voice issue
11:02
here. Look, every day is Duster of the
11:06
day day, right? You're the duster of the day.
11:08
I'm the duster of the day. We are the dusters of the day
11:11
here together in the basement. But we like to point out one
11:15
person on a daily basis who is the official duster of the day.
11:20
And today's duster of the day is a guy.
11:23
Look, I love all you guys, but I feel like I've gotten to know
11:26
him through the spaces, through his non-stop unbelievable
11:32
ability to create awesome art. OK, this Brian, this is Brian
11:37
from Brian's life. I feel a connection with all of
11:41
you. I feel a real connection with
11:42
Brian Over the last, I mean months at this point, he's been
11:46
very supportive of our mission. He puts out unbelievable art.
11:50
There he is, right? A guy like us, a guy, you know,
11:53
we're we're normal everyday men, women.
11:57
And I mean, look at this art that he puts out.
12:00
I mean, it is an oh, I love this.
12:04
Sorry, Brian, I got to play this.
12:06
Sorry, guys, make sure I got us on the right screen.
12:08
Hold on here. All right, I do.
12:11
I got to play this. I got I said this a week ago.
12:14
This is probably one of my fun funnest.
12:16
I don't know. Let me know what you think about
12:17
this. I thought this was one of the
12:19
cutest, funnest ever little UFD things ever.
12:28
Don't. Anyhow, hold on, Brian.
12:52
I really want one of those little unicorns in my hand.
12:54
Where did the Unicorn go? Oh, boy, we took him.
12:57
I don't know. The unicorn's missing.
12:59
Uh oh, we got problems. It's around here somewhere.
13:02
I bet Jasper took it. You know that's the story,
13:05
right? Jasper used to take that thing
13:08
and, and, and like, you know how cats are.
13:11
And then he would take it and it would be gone.
13:13
And then I would come down here and it would be on my desk
13:15
again. I don't know if Jasper or Jazz.
13:17
I can't. I can't blame Jasper this time,
13:19
but that's what he used to do. Anyway, this is about Brian,
13:22
Brian's life. Duster of the day.
13:24
You're important. You're important to the
13:25
community. And I would like to read to you
13:28
guys something that Brian wrote to us.
13:32
OK, This is one of your fellow dusters sharing some thoughts
13:39
from Mr. Brian Life. My horn started tingling.
13:43
I love that when I heard HERDI was nominated as Duster of the
13:48
day. Truly honored.
13:50
Thank you Ron, Susie and all of the dusters.
13:52
The love and support I get when I share my UFD meme art is
13:56
amazing. Ever since I got my horn I felt
14:00
this wave of inspiration to create fun.
14:02
Me and you are you are not. You are checking all the boxes
14:05
here brother. UFD inspired art and animation
14:09
with our adorable uni mascot. I've been making art all my
14:13
life, Digital 3D sculpture, graffiti since 92 and now with
14:17
AI. Every now and then I catch that
14:19
unstoppable creative rush. Just like when I first found
14:23
graffiti making wild paintings for hip hop heads and culture
14:27
that understood me. That same spark hit me now with
14:29
UFDI. Feel free, driven and connected
14:33
right man free. Do you feel it?
14:37
I feel it. Do you feel free?
14:40
Do you feel driven? Do you feel connected?
14:44
On autopilot with love? It's pure joy creating and
14:48
sharing with my dusters and butter cups.
14:51
The support is life changing. I love it.
14:55
I feel alive and unified with you all, All my heart.
14:57
Brian. Life.
14:59
All right, Brian, wow, that touched me.
15:01
That was well written and I think, like I said, you checked
15:04
all the boxes. So you are the duster of the
15:08
day. We appreciate what you are doing
15:10
and you're an inspiration for a lot of other people that are
15:13
watching right now. Go out and use your talents.
15:17
Go out and give it a shot, OK? The only failure in life is
15:21
really not trying. The only way to guarantee
15:23
failure is to not try. So use your talents.
15:26
Look at a guy or or like Brian or the other women in the
15:30
community that are also doing unbelievable things.
15:33
OK, Give it a shot. Brian.
15:35
Thanks for being an inspiration to us all.
15:37
Thank you for sharing your talents with us.
15:39
And on behalf of the entire community, congratulations on
15:42
being the duster of the day. And we are going to now install
15:46
the Golden Horn on to Mr. Brian. Congratulations buddy.
15:51
Uh oh, I lost my notes. OK, OK, let's go to Solana real
15:56
quick. This is interesting, right?
15:58
A Solana ETF could be groundbreaking for the Solana
16:04
ecosystem. Guys, remember when they made
16:06
the first Bitcoin ETS and that was a massive support?
16:09
If they create a Solana ETF, an exchange, it's called an
16:12
exchange traded fund or several different Solana ETS.
16:17
What that will do is allow normal everyday investors
16:20
through things like Fidelity Investments, Vanguard, Charles
16:24
Schwab, for instance, the big, you know, traditional financial
16:28
services companies to buy Solana.
16:31
It could create a wave of demand for Solana.
16:34
And there's AI, don't know what you call it, a website.
16:38
I don't know what you call them. Anyway, breaking.
16:40
OK, hold on here breaking OK, so a lot of ETF approval is at 88%
16:48
on Polly market. Now for those of you, most of
16:51
you know more about Polly Market than I do.
16:53
But what I do know about it is that it's a like a site where
16:57
people are able to place wagers basically and correct me if I'm
17:01
wrong on the outcome of certain events and it has been
17:04
incredibly accurate and I believe it's done through the
17:08
blockchain. I could be wrong about that, but
17:10
like it's predicted political races, it's predicted all kinds
17:15
of different things and done it with uncanny accuracy.
17:18
So the fact that Polymark, am I on the right tab?
17:22
Hold on here, Polymarket, yes, I am, is saying there's an 88%
17:27
chance is a big, big, big deal. Let's go look at the burger Man
17:30
Burger man. You guys remember Burger man,
17:33
our buddy in the Philippines, the guy that gave away all the
17:36
burgers. Let's just watch this because
17:38
look, look, and this is no, I'm showing I'm not involved in the
17:42
judging for the meme contest. Any of the memes that I've shown
17:46
really have been just random. So I don't want you to think I'm
17:49
I'm I'm making any recommendations or anything like
17:51
that. I happen to think the best meme
17:55
was me. I'm joking.
17:56
I put out a picture yesterday and me standing in front of
17:58
GameStop. I am not officially involved in
18:00
the contest. Obviously that would not be
18:02
fair. However, let's go to Burger man
18:05
and now I'm on the right screen and look at what burger man
18:09
made. This is great.
18:10
It's 30 seconds long. What's up everybody?
18:18
Cheers. Happy Friday, Happy weekend.
18:21
I hope everyone's having a great week.
18:24
Surprise. Roaring Kitty here.
18:32
I come here. I come here.
18:33
I come. I created a crypto.
18:36
It's called Unicorn Fart Das. It's no joke.
18:41
This is real, people are buying it.
18:43
Let's go UFD. All right, guys, like I said,
18:48
the unbelievable. Oh oh boy, here we go.
18:51
Now I get to see if I can fix it.
18:53
All right, I figured it out. Sorry, I had some technical
18:56
problems yesterday, which hold on here now I've I've been able
19:01
to figure out water under the bridge unbelievable entries into
19:06
the meme contest yesterday. That makes a difference.
19:08
That gets more people seeing UFD.
19:12
The NFT projects get more people seeing UFD.
19:16
It's a great Buttercup recruitment tool.
19:20
The DJ Litmus shows on Friday night get more people seeing
19:24
UFD, more butter cups. We got to be on a Buttercup
19:27
recruitment mission, Guys, This is a unique opportunity.
19:31
Remember, right? We are in a battle against
19:34
extraordinary odds and we are succeeding and we are doing that
19:39
with a good attitude. OK, Remember, remember, the more
19:42
butter cups we get, they get, oh, it's been a whole week.
19:47
I know you've been dying to see it, right?
19:49
You've been dying to see it and hear it, right?
19:52
The more butter cups we get. Butter cups turn into dusters
19:55
when they buy their beans. Dusters once they're here for
19:59
like, I think on average it takes about 14.34 hours.
20:03
The last data that I looked at, the dusters then turn themselves
20:07
into diamond hooves. And you know what a diamond hood
20:10
of duster is? That's somebody who's bought
20:12
some beans and will never, ever sell them or sell very little.
20:18
OK. Now remember, as we fill this
20:20
jug, OK, there's only 900. You see that?
20:23
Can you see that? Right where my finger is?
20:26
999 million beans. There's a finite supply.
20:29
We aren't like Doja Cohen. Somebody pointed that out.
20:33
I haven't talked about that forever.
20:34
Doja coin, the you know, the king of meme coins.
20:37
They get to make more coins every year.
20:39
Our jug. If this was dogecoin, their jug
20:44
gets bigger as I understand it right?
20:46
Bigger and bigger and bigger. Our jug is finite.
20:50
It's stationary. It can't get bigger.
20:52
There's only 999 million coins. As those butter cups turn into
20:56
dusters, turn into turn into diamond hooves, it gets filled
21:00
up higher and higher and higher and higher.
21:03
And at some point we get a bean shortage.
21:06
Now let me tell you, let's use if you've been to the grocery
21:09
store to buy eggs lately, remember a dozen eggs was like 6
21:12
bucks. Why?
21:14
Because there was an egg shortage, right?
21:17
Well, what do you think happens to the price of beans when
21:19
there's a bean shortage, right? The price of beans goes up.
21:22
And when we get all the beans, all the beans, all of the beans,
21:30
we have a beanopoly. But don't tell anybody about the
21:32
beanopoly. It's going to be a while.
21:34
And look, I don't have a crystal ball.
21:36
Don't make any financial decisions based on anything that
21:38
I'm saying. However, I was told something
21:41
very fascinating last night. India.
21:45
Where's India? Where are my friends in India
21:47
who can take on the job? Dusters, here's a challenge for
21:51
you and then I promise I'll be quick.
21:54
But here's a challenge for you. Who of you can spearhead are
21:59
move into India? OK, You know that I read an
22:02
article last night, one of you guys told me and why is it so
22:05
important? Because like 20% of the people
22:08
in India own crypto. But that's look, you don't have
22:12
to be Albert Eisenhower to know there's 1.4 billion people in
22:19
India alone. What's 20% of 1.4 billion?
22:24
I think it's like 300 million. If all those people in India
22:27
that do own crypto now and it's growing and growing and people
22:30
in India are getting richer and richer, If those 20% of those
22:34
300 million people all bought 3 beans, we wouldn't have no beans
22:39
left. We would have the bean opoly.
22:41
Come on, who out there? I hear people say, Oh yeah, I'll
22:45
do this, I'll do that. Who can really do it?
22:48
Who wants to really take on the challenge, the mammoth
22:51
challenge, the critical challenge of spearheading, right
22:55
the marketing efforts of UFD into India, right?
22:59
They could. They're our friends.
23:01
I love Indian people. They're smart.
23:03
They're motivated. I get Indian neighbors.
23:05
After I had surgery one time, they all brought me food.
23:07
They're nice. They're good people.
23:09
I don't know. All right, I digress.
23:11
All right, let's talk about some macroeconomic stuff.
23:14
Here's what's going to happen. The economy if, and I think it's
23:19
very likely if the US economy runs into challenges.
23:22
This guy right here, this guy, do you know who he is?
23:27
You know who's in this box, right?
23:28
Yeah. Jerome Powell, right.
23:31
He's gonna print money. He's gonna liquidate.
23:34
That's what Trump wants. That's what Trump wants.
23:37
Trump's the king of debt and Trump loves easy money.
23:41
So once the economy really starts to sputter, which I
23:45
think, you know, I'm putting on my tinfoil hat conspiracy
23:48
theorist here, but I I'm usually right.
23:52
That's what they want. They want the economy to slow
23:54
down. And what kind of information are
23:56
we getting right now that that may indeed be the case.
24:00
And let me get back to this. That will be good for crypto.
24:03
That will be good when they when they liquidate, oh, helicopter
24:07
money, they call it whatever. That will be good for the for,
24:12
for, for the crypto currency sector.
24:15
That will be good for the precious metal sector, will be
24:17
good for the real estate. It'll be good for everything.
24:20
It'll be more worth less dollars, right, Because we're in
24:23
a debt spiral. You know, the US debt clock, all
24:26
that good stuff. But that's what we have to
24:28
expect. Here's why the dollars will be
24:31
worth less. We're not going to spend a lot
24:32
of time on this, but we'll go out there quickly.
24:38
Am I showing the right tab here? Hold on.
24:41
Yes, OK. As you can see, that's the US
24:43
debt clock. We're sitting with 36 trillion.
24:47
I won't go through it again, but we are in a debt spiral because
24:49
all that debt, follow my cursor, creates a much more interest,
24:53
almost a trillion dollars a year in interest alone, which makes
24:57
the deficit get bigger, which makes the debt get bigger.
25:00
It's a big, big circle of doom, basically.
25:04
Now, why are we thinking that the economy is slowing down?
25:09
Well, we have Deutsche Bank, right, which is the biggest bank
25:12
in Germany, in Germany is one of the biggest economies in the
25:16
world. The probability of a recession
25:19
is approaching 50% now, according to Deutsche Bank.
25:23
A market survey finds the the combination of higher inflation.
25:27
Oh, there they are looking at eggs.
25:29
We just talked about you eggs. A higher inflation and slower
25:32
growth raises the specter of stagflation.
25:37
Stagflation, for those of you who don't know, that's a
25:39
stagnant economy with inflation. It is the, IT is the, it's the
25:45
word that you can go into the Federal Reserve Bank in
25:48
Washington, DC and say stagflation and they all scatter
25:51
like rats because there's nothing they can do.
25:54
It's the most, it's a very lucrative and fertile soil
25:58
environment for crypto, silver and gold.
26:01
So keep an eye on that. A phenomenon not experienced
26:05
since the early 1980s. We aren't gonna read through
26:08
that. But who else is calling OK Oh,
26:11
Kathy Wood? I'm not a big Kathy Wood fan
26:13
myself, but she does say that the US is in a quote UN quote
26:17
rolling recession as money velocity collapses.
26:21
But that will help unlock Fed rate cuts and lower taxes,
26:27
right? It's all about easy money again,
26:30
right? Get ready for get ready for
26:32
massive liquidation. It's all they've been able to
26:34
do. It's all they've done basically
26:38
since the financial crisis and even before that, even in the
26:41
great tech bubble, right? Every time a problem comes up in
26:45
the US economy, instead of really dealing with it, right,
26:48
instead of dealing with it, all they did was print money.
26:51
Print money, print money. It only works for so long.
26:54
Eventually the hens come home to roost.
26:57
It'd be like you running your family in in subsidizing your
27:03
your lifestyle with a bunch of credit cards and debt, right?
27:06
It works for a little while, but eventually mathematics show no
27:11
forgiveness on the altar of truth.
27:13
Eventually the hens come home to roost.
27:15
Now you've heard me talk many times.
27:17
You know, I was a gold and silver guy before I created
27:21
Unicorn fart dust and had this amazing experience of meeting
27:24
you and and learning about crypto.
27:27
But I've often said that silver and gold, but more more so
27:31
silver in my opinion, silver is the original cryptocurrency.
27:35
Guys, there's some crazy stuff going on in the silver market
27:39
now. Remember, silver and gold and
27:43
crypto have so much in common. There's a small faction of
27:47
people within both communities that maybe aren't so fond of
27:50
each other. But the reality is, I can tell
27:52
you from having been now extensively in both sectors,
27:56
there's there's way more in common. 99% of the reason why
28:00
precious metals people and crypto people invest in what
28:04
they do are similar reasons. The Fiat money, all that stuff
28:07
that we've talked about earlier, but there's some crazy stuff
28:10
going on in the silver market. And why do we want to pay
28:12
attention? Because I believe, right,
28:16
because silver is the original crypto in my opinion or I can
28:19
say that, right, don't take that personally, whatever, but that
28:23
that the precious metals markets can lead the crypto markets.
28:27
I have that feeling in my gut right now and there is some
28:30
crazy developments going on in the silver market.
28:34
We're going to start here with my friend Chris Marcus.
28:38
He's with Arcadia Economics. This is his sub stack that I'm
28:42
forgetting to share. There it is right there,
28:44
Arcadia. Arcadia Economics.
28:46
This is a paid subscription, but he's a friend of mine and he's
28:49
given me permission to share this with you.
28:52
It talks about gold, but let's get down to the silver part,
28:57
which is right here, OK? This is the COT report, I
29:03
believe it's called the COT report, the Commodity Exchange
29:05
report. And it says in the silver side,
29:08
the bank, this is the short. Remember the short squeeze?
29:11
You know what a short squeeze is when people have sold something
29:15
short and then they need to recover.
29:17
There was a great short squeeze in GameStop like we talked
29:20
about. There was also a great big short
29:22
squeeze in silver that you may not know about.
29:24
That happened soon after the GameStop short squeeze had
29:28
occurred. And they're they're setting it
29:30
up for that again, because on the silver, the bank short
29:33
position is a 2400 contracts. All right, that's kind of a hard
29:37
report to read, but here's the key part.
29:40
This took their net short position past the peak from last
29:45
October over a 44,000 contracts short, which was just shy of the
29:49
all time record high of almost 50,000 contracts that the banks
29:53
were short in July of 2016. So if we look at this, this is
29:58
the swap dealer net short position.
30:01
You can see and this goes back quite a while back to 2007 that
30:07
we are nearing near record level short positions in the silver
30:12
market. Why is that a big deal?
30:14
And we'll get back to gold here as well.
30:16
Let me let me just touch on gold and then we'll get back to the
30:19
silver short squeeze. But hold on here.
30:23
I'm having a problem. Here we go.
30:24
We're gonna go down here. Gold, you know, is very
30:26
interesting as well. the United States is stockpiling a ton of
30:30
gold. There's weirdness going on in
30:32
the gold markets. But this chart shows collective
30:35
holdings and assets under management of Chinese gold ETS.
30:41
Look at this, it is skyrocketing, guys.
30:44
I mean, the purple is assets under management.
30:47
That's gold held by Chinese gold ETFs in the collective holdings
30:52
is the is the gold line. I mean, there's a weird things
30:55
going on in the precious metals market.
30:57
Again, the reason I look at that is I still love my precious
31:02
metals as well as I love my 100% UFD, no doubt about it.
31:07
But I strongly believe, number one, I know that there's so much
31:11
in common. Precious metals and crypto are,
31:15
are, are the same thing. They're outside of the Fiat
31:18
money system. And I believe and think about
31:20
this, gold and silver have been used as money for four or 5000
31:24
years. They've got a lot of wisdom,
31:27
right? They got a lot more thousands of
31:29
years of experience. They're the oldest markets in
31:32
the world or some of the oldest markets in the world.
31:35
So they've developed a ton of wisdom.
31:37
What they see coming down the road could definitely apply to
31:42
what crypto will see in the near future as well.
31:45
So that's why we want to keep an eye on this.
31:46
Now let's get back to silver. OK, there's there's this
31:51
craziness going on in the silver market and in the prospects of a
31:55
short squeeze. And now again, remember the
31:57
GameStop short squeeze that occurred?
32:00
That was a famous situation. There was a silver short squeeze
32:03
shortly thereafter. And now I just want to point
32:06
this out. There's a movement going on and
32:11
I got, I saw this from the guy Jesse Colombo, who's a highly
32:14
respected analyst in the silver market.
32:17
A silver squeeze being proposed for Monday March 31st let me see
32:24
where I saw that there's there's some silver here we go here.
32:27
It is right here but it's all over the place buy buy physical
32:31
silver March 31st spread the word on social media and
32:34
retweet. I guess that's what I'm doing
32:36
right now. Start, start shopping now, blah,
32:39
blah, blah. Again, guys, I always called
32:41
silver the original cryptocurrency.
32:43
Something interesting we can keep an eye on.
32:45
That'll be Monday, March 31st is to see if this silver short
32:49
squeeze really gets its legs because there are there's
32:53
massive imbalances in the silver market right now.
32:57
Let's have some fun, basement dwellers.
33:00
Let's go here and we're going to watch a few funnies.
33:04
Again, these are just kind of some random great ones that I
33:07
saw. I'm not trying to influence the
33:09
judging in any way, shape or form of the meme contest, but I
33:15
thought this was a great one. Hold on here.
33:24
Hold on, I love this music is going to be the first video of
33:28
the Kitty corner. Happy Friday, Happy holidays.
33:32
I hope everybody community. Man, that one brought tears to
33:35
my eyes. I don't know why.
33:37
Sorry about that. Well, you can't see my eyes
33:39
right now. Here's another one from
33:40
yesterday from our friend Royal, who's been making great memes.
33:44
I mean forever. Hold on.
33:47
Individual whose creation of Unicorn fart dust and a a few
33:50
things I am not. I am not a Unicorn.
33:53
I am not an institutional investor nor am IA hedge fund.
33:57
I do not have clients and I do not provide personalized
34:00
investment advice for F, ES, or commissions.
34:03
I'm just an individual whose creation of Unicorn fart dust
34:06
and streams on social media sparked a worldwide event of
34:09
good attracting good. Boy, I don't know why it makes
34:15
me. You guys are making me tear up
34:16
this morning. And here's the final just a
34:19
great piece of art. I think Susie sent me this one.
34:22
Hold on, let's say let's check in with Susie.
34:23
I don't know if she has her walkie-talkie on.
34:26
Suzanne. Oh, cool.
34:31
Oh, did I share the. Did I share the right screen?
34:33
This is the one that you liked, Correct.
34:42
Thank you very much. Thank you, Susie.
34:44
We love you. Bye, Susie.
34:51
OK. She loves everybody there.
34:53
What do you think guys? Susie's the best.
34:56
Yeah, another great piece of art.
34:57
And I would like to point out in this piece of art, which I
35:00
really appreciate you guys doing, you can see in the upper
35:03
right corner, Ledger, right, the hardware wallet leader, the the,
35:09
the company that I used to secure my beans and a sponsor of
35:13
our live stream sponsor of Ron's basement.
35:16
Thank you, Ledger. Thank you on many levels for
35:18
being part of our story. And then who's this company Moon
35:21
Pay, right? Original my, my personal on ramp
35:26
into crypto. They are totally integrated into
35:29
the entire Solana ecosystem. They've made some acquisitions
35:33
lately. They are emerging as like this
35:36
massive leader in the crypto payment sector, very exciting.
35:40
We, we've certainly appreciate everything that Ivan and Keith
35:43
are doing at Moon Pay. And for the support guys, please
35:47
continue to add them into your art.
35:49
Continue to add them into your post because without their
35:53
support, I'm not able to be down here harassing you in my
35:58
basement. Yeah.
36:03
Can you believe this? We got 1000 people in my
36:06
basement. What is today?
36:07
Tuesday, Right. It's Taco Tuesday.
36:11
But let me. Let's review something.
36:13
I saw it. I'm sorry.
36:14
I saw it in one of those videos. I'm moving away from you, but I
36:17
will be back. Remember this?
36:19
There's old Billy, huh? Aunt Billy.
36:22
Let's put that over there. Where are you going to be,
36:25
Billy? There we go.
36:27
All right guys, don't forget time for a quick review.
36:31
I pulled something out of the sacred documents that are that
36:34
are that are guarded by our friend Billy.
36:37
This is true, true, true, true. Okay, Don't forget our community
36:43
is #1 we keep community number one, we keep our, our core
36:49
beliefs #1 but that community creates #2 which is value,
36:56
right? The community creates value.
36:57
The art, the music, the, the, the, the DJ shows the
37:01
everything, right? The relationships that value
37:04
eventually gets a translated into price, right?
37:07
And when the price goes up, then we'll get even more attention.
37:12
It's a spiral of good, OK, the community will grow more.
37:16
But we always got to remember, always so critical.
37:20
So critical, you know, and Emma touched on it earlier with the
37:25
post that I showed. We got to keep the good attracts
37:28
good. We got to keep our horns pointed
37:30
in the right direction. We got to remember that no
37:32
matter what challenges or disagreements we ever do face,
37:36
and that will happen. That's normal.
37:38
As you get bigger and more successful, that's part of the
37:42
process that we keep our horns pointed toward.
37:45
Good, right? That's what makes our horns
37:48
tingle. There's nothing like making
37:49
somebody smile, right? I mean, come on.
37:55
When we, we just went on a little spring break deal for a
37:58
couple of days and when I'd go through the gate at the condo
38:01
place that we worked at, I told my daughters there was a secret
38:04
phrase, like a seed phrase. I needed to get in.
38:07
It was, and it drove Susie a little crazy.
38:10
What was it? The Wounded Warrior hawk wanders
38:13
westward. And it would make the guy in the
38:15
guard shack crack up. And my daughter, everybody in
38:17
the car, my mom, be like, oh, my God, don't do that, you know?
38:21
But the guy was laughing. It's OK.
38:23
Have some fun, right? Keep a smile on your face.
38:27
The Wounded Warrior hawk wanders westward.
38:32
Hold on. Let's see what Susie thinks of
38:33
that. Susie, did you hear that?
38:39
OK. Is that a true story that I just
38:42
shared with the community? Was I being honest?
38:44
I can't even understand you. I said.
38:49
Was that a true story about the Wounded Warrior Hawk that I
38:51
shared with our community? Certainly.
38:56
We can't hear you're talking when I'm talking.
38:58
Yes, it was true, unfortunately. OK, I love you.
39:04
Bye. I better quit when I'm ahead.
39:08
Remember, I haven't showed you this for a while.
39:10
Remember Grandpa's clock, huh? That's my 95 year old grandpa.
39:15
I don't really be 110 now. That's his clock.
39:18
It's still running. It's just a matter of time until
39:23
this jug gets filled up with diamond hose dusters.
39:26
What else do we have? We're having too much fun down
39:29
here in Duster Club today. Don't forget in one hour, 51
39:33
minutes from right now, we'll be doing a spaces hop on.
39:36
Then I'm, oh, at 1:00 I'm home with a guy named Pinky Pinky and
39:41
he looks really cool. I watched a couple of his videos
39:44
last night. Pinky, I think I put it on my I
39:47
did. I reposted it.
39:48
I'll repost it again. I'm gonna be doing a live stream
39:51
with a guy named Pinky, which I'm very much looking forward
39:54
to. He seems very cool.
39:56
All the people that work with him look spreading some dust.
39:59
Today's a busy day. Live stream for little Ronnie
40:03
and you and me together. And then we got spaces, you
40:07
know, and then I'm on live at at 11.
40:12
It'll be 1:00 central, which is 11:00 Pacific.
40:16
Correct me if I'm wrong. Sometimes Pacific to Central 11
40:21
anything around noon like flips flips my brain all right that'll
40:28
do it guys horns up good attracts good please that's it
40:34
simple. Don't forget we got a real
40:36
simple opportunity in front of us right we're the we're the
40:39
crypto that's real simple, real strong, real organic.
40:45
We don't have any crazy stuff pile, but there's no big inside
40:48
investors. I know supposedly this big whale
40:51
who I don't you know, I don't I'm not a guru in this stuff,
40:54
but this big whale who owned a bunch of UFD and then split it
40:59
up into hundreds of little wallets, maybe some whatever.
41:02
That's great when that's done right guys, right now, and I
41:06
said this put a post out last night.
41:08
It feels like to me we are just building the most solid
41:13
foundation, OK, that that that we can use that will benefit us
41:19
immensely in the future, right? This massive, like 20 foot deep
41:25
solid concrete with reinforced steel stones, little Unicorn
41:30
sparkles foundation being built. That's what I think.
41:34
Look, I don't have a crystal ball.
41:36
Always be responsible, OK? Don't ever invest any money that
41:40
you can't afford to lose. Any investment is risky.
41:43
But that's what I see. That's my truth.
41:45
I'll be here. I'll keep showing up.
41:47
I know you will too. I appreciate you.
41:50
Have a great day and I'll see you at 10:00 on the spaces.