Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 $44 Silver 🚨 You should Thank the Fed and WASHINGTON for THIS!

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🚨 $44 Silver 🚨 You should Thank the Fed and WASHINGTON for THIS! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  How many gallons of gasoline you can buy right now with a $100
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  U.S. dollar bill compared to how many gallons of gasoline you'll
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  be able to buy 5-10 years from now?
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  Ever find yourself confused with all this economic data?
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  Well, let me tell you something real simple.
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  Silver and gold investor. How about one year from now, $44
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  silver, $2800 per oz gold. But with all this economic talk,
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  and I'm going to tell you how we're going to get there.
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  All this focus on the Fed and now Citibank even saying that
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  the Federal Reserve could lower interest rates by 2% over the
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  next eight Federal Reserve meetings.
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  We need to make some sense of all of this, and that's what
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  we're going to do today. But remember, at its core, the
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  US dollar is going down, down, down in real value.
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  Heck, that's the stated intention of the Federal Reserve
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  to take away at least 2% of your buying power every year.
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  But it could result in much, much more.
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  We're going to look at what's what's going on right now and
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  make some sense of it all. But I want to say thank you to
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  you. Yes, you for being here today.
• 1:25
  You are the most important part you of Ron's basement.
• 1:30
  It's not Ron's basement, right? It's not Ron tube, it's YouTube.
• 1:34
  It's your basement. Thank you for being here.
• 1:36
  Please give this a thumbs up. Subscribe to the channel.
• 1:40
  I'll put out a new piece of content every single day.
• 1:42
  Something to do with silver or gold.
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  I hope you feel like you found a new home away from home.
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  Thank you for the Super chat. Super thanks.
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  Thank you for all the support Enough of that.
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  Let's dig into what's going on. So everybody now here's the
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  here's the situation guys. Everybody now is pivoting
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  towards the Fed needing to lower rates.
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  Let's go take a look at some of the headlines.
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  Here we are, Yahoo Finance, Powell, More good data will help
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  will help Fed to cut rates. How a tiny data move could give
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  the Fed a big headache. Stocks build on records as
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  Powell testifies everything is about the Fed and the Fed
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  cutting rates. Then we get this headline from
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  our friends at Fortune magazine regarding city.
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  The Fed could slash rates by 200 points over eight straight
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  meetings as the economy heads for a sharper downtrend.
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  That's according to city. OK, hey guys, let's go over here
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  and take a look at this. Remember this, Oh yes, the
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  inconvenient truth, the US debt clock, U.S.
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  National debt 34 trillion, 891. If we round up billion dollars,
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  that's the national public debt outstanding.
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  That represents the face amount or the principal amount of
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  marketable and non marketable securities currently
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  outstanding. I've got a simple question for
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  you. Remember this number right here,
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  $35 trillion, OK, if they lower rates by 2% like a lot of people
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  are suspecting could happen in the next two or three years,
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  I've got a question for you. Who in their right mind is going
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  to buy all that debt? Let's go take a look at this
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  this this will make it crystal clear this from CNBC, the US 30
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  year Treasury note. That means that are your
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  government will loan you or will will take your money.
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  You can loan your money to the US Treasury and they will pay.
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  You aren't over 30 years, they'll pay you an interest rate
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  of 4.5%. Think about this for a second,
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  guys. If rates do go down, if the Fed
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  does cut rates and that number goes down to let's say 3% again,
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  here's a long term chart, right? Look, it was down really low at
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  one point, but heck, all the way back here from what, about 2006,
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  2007 and earlier, the rate that the the people were demanding
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  from the government was much higher.
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  And during that period of time, the fiscal and monetary
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  condition of the United States was much better.
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  So the first thing we're going to point out is that the Fed
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  does cut rates. Who in their right mind, right,
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  is going to loan money to the United States at a rate that
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  could significantly be lower than where it is right now?
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  Nobody is. And remember, we have, we need
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  more money now. We need to borrow. the United
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  States needs to borrow more money now than any other time in
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  history. To further complicate matters,
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  think about this, this prospect of lowering interest rates.
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  If they lower interest rates and do it significantly, we already
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  have a big inflation problem in this country.
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  The inflation rate would absolutely skyrocket again.
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  It's already on the precipice of doing so.
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  There's a lot of people that say inflation is still running 8-9,
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  ten, 12%, right? You know what it feels like to
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  go to the grocery store? You know what it feels like to
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  go to the gas station. You know what it feels like to
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  try to go out to eat with your family?
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  It feels real darn expensive. And let's look up at our friends
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  in Canada. I was talking to one of my good
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  friends from Toronto last night. He was like, Oh my gosh, you try
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  to go out to eat. It's, it's just prices are
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  exploding in Canada. And I said, do you think maybe
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  that has anything to do with the fact that the Central Bank of
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  Canada was one of the first to lower rates?
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  He said possibly. OK, so guys, let's take a step
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  back. All this talk, all this
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  confusion surrounding interest rates, the value of the dollar,
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  all of it, you can really throw it all out the window.
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  You can go back to that U.S. debt clock and see that
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  untenable level of debt that we're holding right now.
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  You can realize that the world doesn't want that, that it's
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  almost becoming mathematically impossible to the world would
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  even be able to absorb all that debt.
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  And you can really quite simply distill all of this down to the
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  fact that no matter how you slice it or dice it, right, the
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  real value. The real, not the nominal, not
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  the DXY. Let's compare the dollar to
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  chicken poop or whatever you want to say, right?
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  The real value, right? Not comparing the dollar to the
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  yen and the euro. No, no, no.
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  Or the Canadian dollar, the dollar, U.S. dollar strong
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  compared to the Canadian dollar. It's all a bunch of smoke and
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  mirror BS. The real value, right how many
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  gallons of gasoline you can buy right now with a $100 U.S.
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  dollar bill compared to how many gallons of gasoline you'll be
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  able to buy 5-10 years from now with that same $100 bill.
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  The real value of that dollar is going to continue to go downward
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  and it will result in right value and wealth creation for
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  people that are storing their value, converting right their
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  paper money, their paper dollars into real assets, up to and
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  including things like silver and gold.
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  And if you want to get your hands on some silver or gold
• 7:50
  before it could potentially be too late, please support our
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• 7:58
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• 8:00
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• 8:13
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  you're going to buy some silver, gold, or platinum metals online
• 8:20
  that you throw Pimbex into the mix.
• 8:22
  Also, thank you to 1st Mining Gold and Fortuna Mining for
• 8:26
  sponsoring Ron's basement. So we are in a catch 22 right
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  now in this country. The world markets, right, the
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  market forces are not going to accommodate the United States
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  lowering interest rates, OK? And we know that even if
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  temporarily they're able to do that, it will ignite massive
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  inflation. But as the world demands a
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  higher and higher rate of return on the US debt, right, that will
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  only create a bigger debt hole that the United States will be
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  digging for itself eventually. The way this all plays out is
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  that the Federal Reserve monetizes the debt.
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  Our friends in Japan tried that, right under the big umbrella of
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  the United States being the world power, and it worked.
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  It worked, I guess, if that's the way you want to describe it,
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  for a decade or so. But even they now are facing
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  some pretty severe fiscal and monetary stresses.
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  The same thing's going to happen here, right?
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  And if the if when the Fed eventually, because
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  mathematically there's no way out of it, has to start printing
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  money to buy the US government that it'll be game over.
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  That $44 per oz silver that we talked about at the beginning of
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  this video, that $2800 gold that will feel like child's play.
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  Just my opinion. Don't make any financial
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  decisions based on anything I'm saying, but I rely on logic and
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  calculators. And boy, when I look at the
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  situation we're in right now, it's not very comforting.
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  When I think of the financial future for most of my fellow
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  Americans, I'd like to think that I'm prepared, that you're
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  prepared. It's going to be a roughy, a
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  roughy, a rough and choppy road ahead, but I'll be here for you
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  through it all. Thanks for joining me in the
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  basement. I'm going to look forward to
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  seeing you next time.