Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER Price!⚡ THIS Is SHOCKING...(Gold Price Too)

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⚡SILVER Price!⚡ THIS Is SHOCKING...(Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:02
  Silver investors ready for some good news, and I have that for
• 0:05
  you this morning, $330 silver. We're going to talk about that.
• 0:10
  But first let's check on the silver price right now because
• 0:14
  unbelievably, we had a awesome night last night.
• 0:19
  Let's go out the pin backs and just do a quick update on the
• 0:22
  gold and silver price. Wow gold $2350 Silver $30.40.
• 0:31
  We are moving in the right direction and guys this live
• 0:34
  stream. This video is not possible
• 0:35
  without the support of our sponsors, including Pimbex, Pi
• 0:40
  MB, EX. Next time you're looking to buy
• 0:42
  some gold, silver or platinum, checkout pimbex.
• 0:45
  You'll find they have great selection great service and
• 0:49
  their prices are hard to beat. You really will get more metal
• 0:53
  for your money with Pimbex. But let's move over here to the
• 0:59
  other important news of the day. So we know silver's up in the
• 1:03
  United States, but what do you say we head over to China?
• 1:06
  Or would you believe me if I told you, my basement dweller?
• 1:10
  And by the way, thank you for being here.
• 1:13
  Our sponsors are important, but none of this would be possible
• 1:16
  without you. Number one, you're number one.
• 1:19
  I hope you feel like you're part of a group when you're here in
• 1:22
  the basement because you are like you found a new home where
• 1:25
  we love a little home, a little basement where we love to talk
• 1:29
  about silver and gold. But let's go over to China just
• 1:32
  to get an update. What's going on with the silver
• 1:36
  price in China? Our good friend here, the
• 1:38
  Oriental Ghost, who will someday be a guest here in the basement,
• 1:42
  shows us look at this guy's silver AG on the Shanghai Gold
• 1:47
  Exchange, $34.24, up 3.5%. OK.
• 1:56
  And just as good, if not a little better, on the Shanghai
• 1:59
  Futures Exchange, $34.29, up 3%. Looks like the vault levels are
• 2:05
  still significantly low, low. So we'll keep an eye on this,
• 2:10
  but it's becoming very interesting to see what is
• 2:14
  happening. They're calling this the
• 2:17
  arbitrage between the US markets.
• 2:20
  In the Chinese markets, which are accounting for this massive
• 2:23
  difference, why all these it look, think about it.
• 2:26
  If you could buy silver in the United States for $30.00 an
• 2:30
  ounce and ship it over to China and sell it for $34 an ounce,
• 2:34
  don't you think there's some profit oriented traders out
• 2:38
  there who are doing just that and doing just that right now
• 2:42
  the metal is moving to the East, but what about $330 silver?
• 2:47
  I was thinking last night and I want to share this with with you
• 2:50
  as I looked at our good friend and we're going to talk more
• 2:54
  about this later. And by the way, guys, in a few
• 2:56
  minutes here we're going to be joined by Adam Van, possibly,
• 3:00
  possibly a fan favorite also Pat Holland from the Missouri
• 3:04
  Freedom Initiative and Daniel Diaz.
• 3:06
  They're at a big festival going out in New New Hampshire, and
• 3:10
  they've got a lot of crate. We're gonna talk about, we're
• 3:13
  gonna talk about the Fed. We're gonna talk about gold and
• 3:15
  silver. We're gonna talk about it all.
• 3:17
  It's gonna be great. That'll be just in a few
• 3:19
  minutes, but. Before we oh, hold on.
• 3:23
  Sorry about that. Before we get to that, let's
• 3:26
  talk about $330 silver. Yeah, OK, here we go.
• 3:31
  We're gonna go to the US debt Glock, one of our favorite,
• 3:34
  favorite, favorite. Where's the secret door?
• 3:37
  I can't find it anymore anyway. OK, sure.
• 3:41
  Look, soon, soon we're going to be able to celebrate 30, nice
• 3:44
  round Number, $35 trillion in debt.
• 3:47
  But that's not what we're going to talk about.
• 3:49
  We're talking about the silver price and how we get the 330.
• 3:53
  Here is the dollar to silver ratio.
• 3:57
  It's going up, guys. What that means that measures
• 4:01
  for each oz that's dug up out of the ground every year, each
• 4:05
  ounce of silver, one ounce. For each one ounce, there's $165
• 4:12
  of new money being created. Unicorn fart dust, paper money,
• 4:16
  whatever you want to call it. It takes the M2 money supply,
• 4:20
  which is right here. You can see my yellow finger.
• 4:23
  OK, it it that it takes the growth, as you can see, that's
• 4:28
  going up and up and up. That takes the 165 is the growth
• 4:32
  in the M2 money supply and that's divided by the number of
• 4:36
  Oz of silver being produced annually.
• 4:39
  So again, for each one ounce of silver that the mining companies
• 4:44
  are able to produce each year. There's 165 paper Unicorn fart
• 4:50
  dust electronic Fiat. Whatever you want to call it,
• 4:54
  Keynesian fractional reserve banking dollars being created.
• 4:58
  Now how did I get to 330 dollars?
• 5:00
  Well, it dawned on me last night and I'll be interested to get
• 5:03
  your take on this as well. Half of that silver and likely
• 5:07
  even more that's coming out of the ground is being sucked up
• 5:12
  and and being taken away for good, right?
• 5:14
  Being used in the defense industry.
• 5:16
  We have no idea how much silver is actually used in the defense
• 5:21
  industry. We know hundreds of millions of
• 5:24
  Oz being used by the photovoltaic, right, the solar
• 5:28
  energy industry. What about the the the all these
• 5:32
  artificial. So anyway, half half of that
• 5:34
  silver is being used up. So I think the number is
• 5:38
  actually twice the 165 if you account for the fact that half
• 5:44
  of that silver right probably at least it's coming out of the
• 5:48
  ground is going bye bye for good.
• 5:50
  That's how we get to 330 dollars silver, if not even higher.
• 5:56
  I mean, let's be real, we know people like I heard Lynette Zang
• 5:59
  when she was on my show and I've heard her say it recently
• 6:01
  several times, is talking about the prospect of $2000 silver.
• 6:07
  When you account for all the debt in the system, when you
• 6:10
  account for what it would take to really back all the all the
• 6:15
  make believe synthetic money, that credit that's out there,
• 6:19
  you're easily looking at silver prices that could go way, way
• 6:22
  higher. I think silver could go to
• 6:23
  Infinity, right? And I know I get, I get
• 6:27
  criticized sometime for saying that, but if you're going to
• 6:29
  measure it in something that has an infinite possible supply, the
• 6:35
  price is infinitely possibly high as well.
• 6:39
  So lot, lot going on there. Other big, big story breaking,
• 6:43
  breaking yesterday. OK, what financial crisis?
• 6:47
  Remember the 2008 financial crisis?
• 6:49
  We got a big story breaking out of Japan.
• 6:52
  And I'm gonna I'm gonna give you some information.
• 6:55
  I got this from Rafi Farber at the end game investor.
• 6:59
  He wrote this Japanese bank, Norin Chukin is going to sell
• 7:03
  $63 billion of US bonds due to losses, right?
• 7:08
  The value of the bonds is cratered, Rafi said.
• 7:12
  That will probably trigger a bond selling avalanche from
• 7:17
  foreign treasury holders to front, excuse me, to front run
• 7:21
  the announcement, right? Other people are going to hear
• 7:24
  like, Oh my gosh, this big Japanese bank.
• 7:26
  But it gets, it's very interesting when you consider
• 7:28
  this. They hold about 20% of all
• 7:31
  foreign bonds held by Japanese banks, 20%.
• 7:35
  This is a big deal, a big bank. And I think Rafi even said,
• 7:37
  like, I never heard of it till yesterday.
• 7:40
  That's what a Black Swan is just saying, right?
• 7:43
  Never thought about this, never thought about that.
• 7:46
  Well, that's what this is. How do you think the banks in
• 7:49
  Japan holding the other 80% of the bonds are going to react to
• 7:55
  this news, right? You know, they're going to adopt
• 7:59
  probably nothing, is what he says jokingly, right?
• 8:01
  Because when the other banks know that the that the that the
• 8:05
  one of the biggest holders is going to be selling massive
• 8:08
  amounts of bonds. They're going to front.
• 8:10
  Run it. They're going to get out too.
• 8:12
  And think about this. Those other banks holding the
• 8:15
  other 80%, they also have major losses.
• 8:19
  So we got to keep a close eye on what's going on with this
• 8:22
  Japanese bank. This could be a major financial
• 8:27
  news event. And what do major financial news
• 8:29
  events, major financial new financial crisis when they when
• 8:33
  they pop up, what does that do right that that moves the price
• 8:37
  of silver and gold significantly higher.
• 8:40
  OK, you know what guys? I think the people I think our
• 8:45
  friends at are ready for us. Hold on a second.
• 8:48
  I'm going to put on. We're going to be joined here.
• 8:53
  Looks like I see Daniel Diaz. Let me see if I can pull up our
• 8:56
  friends from New Hampshire. Hey guys.
• 9:01
  Patrick. Hey, can you hear us OK?
• 9:03
  Yeah, we can hear you. Perfect.
• 9:04
  Hello. So we have and we have, we have.
• 9:07
  Well, let me we have Patrick Holland from the Missouri
• 9:09
  Freedom Initiative and we have Daniel Diaz from Citizens for
• 9:13
  Sound Money. How's it going guys?
• 9:15
  Good, good, and Adam will be here shortly.
• 9:17
  There's Adam. Yeah, we'll be here.
• 9:20
  We'll be joined by Adam Van from Alpine Gold.
• 9:24
  Yep, let me adjust the camera a little bit because we got Adam
• 9:27
  Van. Adam Van Yeah.
• 9:30
  Adam Van, the man, He's Mr. Goldback.
• 9:35
  That's right, Mr. Goldback and Pat, Missouri Freedom
• 9:38
  Initiative, right? Moving all this important
• 9:41
  legislation through the, through the process to, to give U.S.
• 9:46
  citizens the right, I'm sorry, state citizens the right to use
• 9:50
  gold and silver as legal tender. And you guys are up in New
• 9:53
  Hampshire. I was just showing the US debt
• 9:55
  clock a few seconds ago. We're gonna have, we're gonna
• 9:58
  have a big party soon because looks like we're gonna be
• 10:00
  hitting 35 trillion before we know it.
• 10:03
  I don't think it'll happen during our live stream here
• 10:06
  today, but it's gonna happen real soon.
• 10:08
  Very soon. Well, there's a storm coming
• 10:10
  today at 4:00. I think it may be related.
• 10:13
  There you go there you go so so so you guys are there big
• 10:17
  festival, Pork Fest 2024 Libertarian oriented festival as
• 10:22
  I understand and a lot of talk about gold and silver is real
• 10:27
  money. So when we look at this debt
• 10:29
  clock. Guys, and we look at what's
• 10:30
  going on with the debt clock and we look at what's going on with
• 10:33
  the Fed. And I've got a slide I want to
• 10:35
  share with all three of you here a little bit later regarding
• 10:39
  what Woodrow Wilson had to say about the Fed.
• 10:42
  What are you? What are you, what's your feel?
• 10:43
  What are you getting? What's your feeling on the
• 10:45
  ground there about how people are feeling about, I guess, the
• 10:48
  Fed, the monetary system, and how we can use silver and gold
• 10:52
  to to protect ourselves? Yeah, I think there's a lot of
• 10:55
  big fans here. I.
• 10:57
  Think there's a lot of. Reserve and I think they're
• 11:01
  really happy with the way that economics are going and the
• 11:04
  monetary system. I think it's overall a
• 11:06
  consensus. A lot of people here are are
• 11:10
  really into sound money of all types, gold and silver, bitcoins
• 11:16
  and and any kind of decentralization of the monetary
• 11:19
  system. So it's a very gold and silver
• 11:22
  rich environment. There's a lot of people here
• 11:25
  making gold. You have a, a couple silvermints
• 11:27
  that are here. We've got those little tabs that
• 11:32
  you break off there. There's just a lot of, there's a
• 11:34
  lot of sound money here. As far as the Fed, I think, I
• 11:37
  think that the cat came out of the bag back in 2008 with Ron
• 11:40
  Paul. He's also going to be at this
• 11:42
  event, I think on Saturday, he's going to be speaking.
• 11:46
  And I think the cat came out of the bag in 2008 whenever he kind
• 11:49
  of exposed the Fed for being a private company and, and this
• 11:52
  community specifically really took off with it and, and, and
• 11:57
  really made it stick. So a lot of folks don't realize
• 11:59
  that they're a private company and that they're influencing our
• 12:03
  monetary system. But that's, that's kind of the
• 12:06
  consensus around here is that the Fed is probably messing
• 12:08
  things up and that the, the real solution is sound money,
• 12:12
  decentralized sound money. Gold and silver is the ones that
• 12:15
  we like. We like gold and silver.
• 12:17
  And because that's a tangible physical asset that's accepted
• 12:21
  all over the world. And that's what we try to push
• 12:23
  here. Yeah, I, I agree.
• 12:26
  I mean, most of the people here are libertarians and
• 12:28
  hornarchical capitalists who just do not like Fiat currency
• 12:32
  in itself. You know, they, they, they talk
• 12:36
  about how we used to have money when the currency was backed by
• 12:39
  gold and silver. But immediately after we've had
• 12:41
  multiple conversations with people who have come into the
• 12:44
  sound money market tent, which Alpine Golden citizens who sound
• 12:48
  money has sponsored this year. It's which is right next to the
• 12:51
  mainstage where they have all the talking engagements.
• 12:54
  But pretty much the entire time that we've been here at Pork
• 12:57
  Fest, you know, this is not my first Pork fest.
• 12:59
  This is Patrick's first pork Fest.
• 13:01
  This is your 4th. I've been here about 6 * 6. 6
• 13:05
  Pork Fest. You know what?
• 13:06
  It's for us first timers. It's actually a lot less chaotic
• 13:10
  than we were expecting. I agree we're expecting a bunch
• 13:13
  of anarchists and libertarians who are rebellious, but that's
• 13:16
  not the case at all. They're actually, we're all,
• 13:18
  it's a kind of like our family here.
• 13:19
  Yeah, it's a real tight knit community.
• 13:21
  It's a lot of tribes. You know, you got the you got
• 13:23
  the homeschooling tribes, you got the sound money tribes, you
• 13:27
  got the Bitcoin tribes and the crypto tribes and we all just
• 13:30
  kind of get together. It's all it's it's unified under
• 13:34
  liberty and freedom. It's it's it's 2 to 3000 Die
• 13:38
  hard. Leave me alone.
• 13:39
  Yes, that that converge in Lancaster.
• 13:42
  And what I love is that most of the people here, there's over
• 13:46
  1000 people. I don't know how many tents in
• 13:48
  RV but everybody's selling their own thing and they take gold
• 13:52
  backs. That's right.
• 13:53
  They take gold backs and they do barter like so the meat guy
• 13:56
  trades with the milk guy and, and different things.
• 13:58
  So we've got several small farms here that are raising eggs and
• 14:02
  they're raising meats. You can go to the top of the
• 14:05
  hill and you can go see the, the people from the domes and
• 14:08
  they've got a ton of meat up there that they're trading gold
• 14:10
  and silver for and cryptos and, and things like that.
• 14:13
  And the whole community is just set up that way is how it is.
• 14:18
  And we do it, we do it every year.
• 14:19
  And it's, it's, it's actually, it's not necessarily just this
• 14:23
  event. This is how a lot of New
• 14:24
  Hampshire works. That's, this is how a lot of the
• 14:26
  Free State project works, is that there's a lot of tribes in
• 14:29
  New Hampshire and they're all doing their own clique, you
• 14:32
  know, and, and leaving people alone and respecting boundaries
• 14:35
  and, and kind of just creating their own commerce in their own
• 14:39
  community. And, and there's a lot of
• 14:40
  barter. There's a lot of gold, there's a
• 14:42
  lot of silver trades. We've got, you know,
• 14:44
  silversmiths over in Goffstown, local silver mint, you know, and
• 14:49
  he's, he's always producing silver rounds and it's all part
• 14:52
  of a big barter system amongst the farms and the producers and
• 14:57
  we're all using sound money for that.
• 14:58
  So. OK, go ahead.
• 15:01
  So, so as I'm, as I'm hearing this, I'm getting this feeling
• 15:05
  like that little microcosm of what you have going on up there
• 15:09
  in New Hampshire actually represents people using real
• 15:14
  money, sound money as and then, and then when I look at the
• 15:18
  other one, I think of the other side of the equation, like where
• 15:21
  I am here right now in suburban Saint Louis with my, with my
• 15:24
  paper money or my electronic money.
• 15:26
  And I want to go to the grocery store.
• 15:28
  I want to go, you know, living the typical standard, let's say
• 15:33
  suburban life that, that everything I'm using is, is, is
• 15:38
  like credit and fake and nothing, right?
• 15:40
  And it's working for now. It's it's working for now
• 15:43
  because everybody believes in it, right?
• 15:46
  It's based on nothing but confidence and, and, and, and
• 15:50
  the value, the only value that it, it really represents is just
• 15:54
  that, that idea that it'll maybe worth something again tomorrow.
• 15:58
  Whereas when I think of what you're doing there now, dealing
• 16:02
  with real money, and I look back to how our country used to be,
• 16:07
  right, because we had over 150 years in this country where we
• 16:10
  did have our money backed by gold and silver, it feels much
• 16:15
  more organic, it feels maybe. Am I and?
• 16:18
  Correct me if I'm wrong here guys, but it feels like a much
• 16:20
  more fair level playing ground when I think of using, you know,
• 16:25
  real money and sound money is. That is that a safe assessment?
• 16:29
  I think so. So what you're describing is a
• 16:31
  is a debt based system. You're having to suffer with a
• 16:34
  debt based system. And that's fine if you're big
• 16:35
  into investing and you can outrun inflation.
• 16:38
  But when you work, you get traded your labor in paper
• 16:41
  dollars and then society owes you a debt.
• 16:44
  And that's what that that debt based note is for.
• 16:47
  And then whenever you come here and you trade in New Hampshire
• 16:49
  and you trade, you know, at Pork Fest, you're trading sound
• 16:51
  money. And sound money typically goes
• 16:54
  up in value over time. So your, your wealth and your
• 16:57
  labor is preserved in those precious metals.
• 16:59
  It's a deflationary currency. That's right.
• 17:01
  I'd like to say something real quick, Ron.
• 17:04
  We've been doing live streams here and I'm sure you knew about
• 17:07
  that. And what I, we have a camera
• 17:10
  that points towards, you know, Alpine gold because holy
• 17:14
  mackerel, it's, it's usually a steady stream of people coming
• 17:18
  in to buy gold backs. They know about gold backs here.
• 17:22
  It's a big deal. So it's a real honor, you know,
• 17:26
  that Citizens for Sound Money is partnered with Alpine Gold and
• 17:29
  to be in the same tent, that gets us a little bit of exposure
• 17:32
  too. But you know, that's Mr.
• 17:35
  Goldbach right over there, and he's very well known, very
• 17:37
  popular, and his table over here is very busy.
• 17:40
  Yeah, yeah. And I don't, I don't know if I
• 17:42
  introduced Adam when he came in, but Adam is with Alpine Gold up
• 17:45
  in New Hampshire. And if Pat, if Pat leans his
• 17:48
  head a little bit to the right, I think we can see the Alpine
• 17:50
  gold. Otherwise, there you go.
• 17:53
  Well, there's Alpine. There it is.
• 17:55
  OK. Thank you, Pat.
• 17:56
  Yeah, Yeah, yeah. So yeah, I'm, I'm, we're we're
• 18:00
  living in, yeah. A debt based system, Right.
• 18:03
  But there are pockets of our country, of our society that are
• 18:07
  waking up. And it feels like they're waking
• 18:09
  up more and more to this idea that you can use real money.
• 18:13
  Yeah, and I just wanna give a shout out to the Free State
• 18:16
  Project that's put on Pork Fest. This is technically the 22nd
• 18:21
  year. It's called Pork Fest 21 because
• 18:24
  the first Pork Fest they didn't really have a number.
• 18:27
  So it's considered Pork Fest 0 and you know, this pork Fest is
• 18:31
  like a microcosm of what they're trying to do with the Free State
• 18:33
  Project here in New Hampshire. For those that don't know, the
• 18:36
  Free State Project is a project that was voted on by
• 18:40
  libertarians around the world, around the country on where they
• 18:44
  which state they want to move to, to create a guess a
• 18:47
  libertarian society within a state and to take over state
• 18:51
  politics. And at Pork Fest because they're
• 18:54
  using sound money. And there are people throughout
• 18:57
  New Hampshire that use gold backs and silver.
• 19:01
  And for example, silver Eagles. We did at our first sale that we
• 19:04
  did was a silver eagle and we took it in at $2.00 over spot.
• 19:08
  Thanks to Adam Help me out with that that conversion ratio
• 19:11
  there. But and then we gave change in
• 19:14
  gold backs, you know, so this is a perfect microcosm of what a
• 19:18
  society could look like if we get back to sound money and you
• 19:22
  know, people trust it. You know, we we we joke around,
• 19:24
  yeah, we take dirty Fiat. But because everybody else here,
• 19:28
  they understand gold backs, they understand silver and they
• 19:31
  understand sound money. Bitcoin is a big thing around
• 19:34
  here. There's some people who only
• 19:35
  donated to citizens sound money because we believe Bitcoin is
• 19:39
  sound money as well, at least I do.
• 19:41
  And we promote the the community Bitcoin and the sound money
• 19:46
  crew. We where we agree with crypto,
• 19:48
  the crypto groups and the sound money advocates where we agree
• 19:52
  is that Fiat is is slavery. Fiat is hurting society.
• 19:57
  And because we agree on that, we promote sound money together.
• 20:01
  Bitcoin thinks they're the solution.
• 20:02
  Gold and silver believe they're the only solution, but we have
• 20:05
  common ground. I agree.
• 20:06
  I agree. I don't think it's the only
• 20:08
  solution. I think gold and silver is one
• 20:09
  of the pieces of the puzzle that's going to lead lead to all
• 20:11
  the freedoms. What we need is freedom.
• 20:14
  We need individual freedom and liberty amongst people, and
• 20:16
  that's what it's really about. Liberty is freedom from
• 20:19
  government and freedom is liberty from individuals.
• 20:21
  And if we can respect those boundaries, there's going to be
• 20:23
  lots of solutions that get us to the right answer.
• 20:26
  You segue into something interesting about the exchange
• 20:29
  rate of silver and gold. Whenever you're spending silver
• 20:31
  and gold, it's a different line of thinking.
• 20:33
  You got to think about it differently.
• 20:36
  What's it worth today? What's gold worth versus silver
• 20:39
  when you're doing trades and whenever you're buying goods?
• 20:42
  So over at their tent, they are over at their table over here,
• 20:45
  they had some things that someone wanted and they and they
• 20:48
  just had to kind of negotiate and barter a deal with it.
• 20:50
  But it's a different way of thinking.
• 20:52
  When you're thinking about your money and you're thinking about
• 20:55
  your electronic money, your debit cards and so forth, you,
• 20:58
  you get in this lazy habit of just spending and spending and
• 21:03
  spending and because it's the only thing you know and it's the
• 21:05
  only thing you do. But then when you're standing
• 21:07
  there in front of a product, in front of goods and services that
• 21:10
  you're trying to purchase, and you've got gold in your hand and
• 21:12
  you got silver in your hand and you got Bitcoin on your phone
• 21:15
  and you're, and you're talking to this individual about
• 21:17
  something they have that you want.
• 21:19
  Now you have to think about, OK, well, which one's going to work
• 21:21
  better? Is silver up?
• 21:22
  Is gold up? Is Bitcoin, you know, more more
• 21:26
  tradable? Sounds very free market to me.
• 21:28
  And you think about your money and your wealth totally
• 21:31
  differently because it's not automatic and you have to kind
• 21:34
  of put some thought into it and put some feeling into it.
• 21:37
  And it makes a big difference. It makes for a better economy
• 21:39
  whenever you have more options and more liberty and more
• 21:42
  freedom. And you know, talking of sorry,
• 21:46
  I'll. Just that's OK.
• 21:47
  I was going to say and, and, and the idea of being able to, I
• 21:50
  think Pat referred to this like go do some work, go earn some
• 21:54
  quote, UN quote money. But then at the same time, if
• 21:59
  you, if you're able to store that in silver and gold, you're
• 22:02
  not, you're not, it's not being eaten away by inflation year
• 22:05
  after year. And, and I, and I want to throw
• 22:08
  in another point as well as we were talking, you know, this
• 22:11
  idea of using silver and gold as, as real money.
• 22:16
  I think we, we tend to think that it like completely went
• 22:18
  away, but it didn't completely go away, right?
• 22:21
  I mean, over the, you know, over the last 100 years in the United
• 22:24
  States, I think it's been kind of on on many different levels
• 22:28
  diminished. So we feel like that in the USA,
• 22:31
  which probably is the reason why not a lot of Americans yet are
• 22:35
  using silver gold. But on the reality is in the
• 22:38
  world, gold and silver have always held their have always
• 22:41
  have always held their back over, you know, it really never
• 22:45
  went away. It went away.
• 22:46
  It went away in the United States.
• 22:48
  And I'm going to, I'm going to throw this one out there because
• 22:49
  I want to get your guys opinion on this number one, and I'll be
• 22:53
  quick on this one, but with, you know, the, the people up there
• 22:57
  at Pork Fest. And I'm going to pull the
• 22:58
  website up here in a second to show everybody what's going on
• 23:00
  up there. But in the people that are
• 23:02
  joining us today here in the basement for this live stream,
• 23:06
  we are a just a small sliver of the US population.
• 23:10
  And I, and I like to throw out this idea that that's actually a
• 23:14
  good thing because as you know, it's a lot easier to grow
• 23:18
  massively from a very small number to a bigger number.
• 23:22
  You know, if you go from one in a hundred people to let's say 5
• 23:25
  and 100 people, that's a 500% increase.
• 23:30
  And, and, and it's a lot easier to go from 5 and 100 from 1 in
• 23:33
  100 to 5 and 100 than it is to go from 25 and 100 to 50 and
• 23:38
  100. So we've got like a great
• 23:40
  opportunity because we're starting, I mean, we're like the
• 23:43
  elite, you know, like the Green Berets of the, of the financial
• 23:47
  world. It was as we're gold and silver
• 23:50
  stackers. But my question for you guys is
• 23:52
  this, you know, why do you think it is that that that most
• 23:57
  Americans, right? The other 99% that aren't at
• 24:00
  Pork Fest that aren't joining the state, Why are they?
• 24:04
  So I guess I'd, for lack of a better term, ignorant to the
• 24:09
  fact that silver and gold are real money like the people I
• 24:12
  bump into on the street. Yeah, that goes back to what you
• 24:15
  were saying. Like, why do Americans, I mean,
• 24:18
  mainly Americans, right? Because like people around the
• 24:21
  world, India or China, Russia, they still see gold as a sense
• 24:25
  of money. But in the United States,
• 24:26
  because the dollar is the primary currency, it was the
• 24:30
  global currency under the Bretton Woods system, which is
• 24:33
  backed by gold. And and that's we thought of
• 24:36
  gold as money until 1971. And then we have an entire
• 24:39
  generation of Americans or, or people who have primarily used
• 24:43
  the dollar that the, the dollar, they don't know anything but
• 24:48
  Fiat dollar. They know, they don't know
• 24:49
  anything but Fiat as currency or money, quote UN quote money.
• 24:52
  But it's not because, as we know, money and it retains its
• 24:57
  purchasing power while currency loses its purchasing power
• 25:01
  because of inflation. And Ron, you're right.
• 25:03
  We're the Green Berets out here. We're just as Green Berets.
• 25:07
  We're the AB seals maybe? We're AB Seals, yeah.
• 25:10
  Green Berets that are allergic to jogging is what that is
• 25:13
  supposed to charge here in New Hampshire.
• 25:16
  I think it came gold and silver came off the books in 1978.
• 25:20
  We went up to the Capitol and we were testifying for the Sound
• 25:23
  Money Act that Citizens for Sound Money was helping push
• 25:27
  out. It was a big effort by Keith
• 25:28
  Ammon and and Yuri that were from sponsoring the bill.
• 25:33
  And I think we made some good headway.
• 25:35
  We had a lot of really good conversations and good
• 25:36
  development. It ultimately didn't pass, but
• 25:39
  we we got some good development. And from that, from those
• 25:42
  conversations, we found out that gold and silver had only been
• 25:45
  taken off the books in 1978. So this isn't anything, you
• 25:49
  know, that's that. Old.
• 25:50
  It's not. It's not that unfamiliar.
• 25:53
  The day we were testifying, they were actually taking down the
• 25:55
  old gold and silver vault. It was right behind the building
• 25:58
  where we were testifying. And and I made kind of a joke
• 26:02
  about it saying, you know, you're tearing that down and
• 26:04
  here we are bringing it back. And but, but it's not that old.
• 26:08
  It's people around here do trade in gold and silver quite a bit.
• 26:12
  And, and it's not that unfamiliar.
• 26:14
  It was only, you know, a short time, just one people ago,
• 26:17
  19711978. It's just one person ago.
• 26:20
  Yeah. And you know, it's, it's
• 26:22
  interesting that you also mentioned Ron, that and
• 26:26
  typically people don't see gold and silver today as money, even
• 26:30
  gold bags. Like I was talking to Benjamin
• 26:34
  Schaefer of finance dot gold, that's Phi and ANC dot gold.
• 26:40
  He's a general counsel for them and it's an asset backed digital
• 26:44
  currency company that's going to do transactions.
• 26:46
  And he was talking about how in New Hampshire it is actually
• 26:51
  different than every any other state that purchases gold backs.
• 26:53
  Most people who buy gold backs use it as a store value and a
• 26:56
  savings or an investment. While here in New Hampshire they
• 26:59
  actually use it as currency. It is the most circulated state
• 27:02
  with gold backs for barter. So it's interesting that here in
• 27:06
  New Hampshire, which the liberty minded state that wants to get
• 27:10
  away from Fiat and and the enslavement of the of the
• 27:12
  current economic system, they're using gold and silver as
• 27:15
  intended as currency. Yeah.
• 27:17
  And we just started expanding that network too.
• 27:19
  So in New Hampshire we have over 100 businesses that are
• 27:22
  accepting gold and silver as payment, particularly with gold
• 27:25
  back. And we have a map of all the
• 27:27
  featured businesses and you can find that on alpinegold.com.
• 27:29
  And if and we just took over that program, we were only
• 27:32
  promoting the the states that had an actual live gold back in
• 27:36
  their state. But we Alpine Gold took that
• 27:38
  over. And you can now go and to
• 27:40
  alpinegold.com, click on resources and it's still a
• 27:43
  little fresh. We're still building it out, but
• 27:46
  we have resources there to where you can become a merchant, you
• 27:48
  can find merchants and and we're we're making it more readily
• 27:52
  available for the rest of America too.
• 27:54
  So in New Hampshire it's pretty common.
• 27:56
  Utah, it's very common. They.
• 27:57
  Wyoming. Wyoming, they're using it.
• 28:00
  South Dakota, we've got a branch in South Dakota that Brian runs
• 28:03
  for us. We've got 2-3 branches in Utah,
• 28:06
  one in Ogden Alpine and Provo. We're going to be putting one in
• 28:11
  Idaho. We're going to be put we're,
• 28:12
  we're putting branches in every state and it's going to become
• 28:15
  more and more common. And now we've just taken that
• 28:17
  over and made it a national program, too.
• 28:19
  I, I actually have a question for you, Adam.
• 28:22
  So let's say let because I know in Florida there are vendors who
• 28:26
  are wanting to take gold backs, but their concern is that they
• 28:28
  pay their bills in Fiat. You got you have the Alpine gold
• 28:32
  here in in Manchester is the process of let's say business
• 28:36
  owners is Alpine gold considered like a bank where they come and
• 28:39
  bring you gold backs and then you take that those gold backs
• 28:42
  and it gets deposited in the UP may they can convert that to
• 28:45
  Fiat so they can pay their electric bill and everything.
• 28:49
  How does that system work? We are not a bank.
• 28:51
  We are repository is what we are.
• 28:53
  We are repository or a deposit. It's, I don't know the
• 28:57
  difference between the R and the D, but, but we're a depository
• 29:00
  of some sort. And, and we do have a membership
• 29:03
  program called the United Precious Metals Association and
• 29:08
  that does offer similar services to what traditional banks offer.
• 29:11
  You can deposit, you can withdraw, you can invest in
• 29:14
  Iras, you can open interest bearing accounts and get 2%
• 29:18
  interest. And you can also get a debit
• 29:20
  card. And you can, and with that debit
• 29:22
  card you can liquidate and pay bills and things like that.
• 29:24
  But we're much, much more than just a, a gold vaulting
• 29:28
  services. We provide many different
• 29:30
  services for people. We do have that bank.
• 29:32
  We're not, to be clear, but a repository we are.
• 29:36
  I think my specific question was let's say these businesses,
• 29:39
  let's say in Florida, they start accepting you guys open up an
• 29:41
  Alpine gold in Orlando. If a business starts has a lot
• 29:44
  of gold backs that they need to liquidate so they can pay their
• 29:47
  electrical bill and their their stat won't go pay their staff
• 29:49
  and gold hopefully. And they take them to an Alpine
• 29:52
  gold location and then then that location would immediately add
• 29:57
  credit of those gold banks to their UPMA account so they can
• 29:59
  cash that out. Absolutely.
• 30:01
  And you don't have to go, you don't have to have an Alpine
• 30:03
  gold nearby. You can also mail it to us.
• 30:05
  Like there's other ways to get the gold to us.
• 30:07
  And then once it gets deposited onto your account, that's an
• 30:09
  international system, you know, that's, that's a dashboard, just
• 30:13
  like what you're used to with your traditional bank is, is
• 30:15
  what that is. But it's a UPMA, you know, user
• 30:19
  platform. It's a member to member
• 30:20
  Exchange. It's a 5O1C6 member to member
• 30:23
  exchange is what it is and and it does operate once you get it
• 30:26
  on your account, you can you, it's an international platform.
• 30:30
  You can, you can buy, sell, trade, you can exchange, you can
• 30:34
  get debit cards and you can pay your employees.
• 30:37
  You can pay if your employees have a UPMA account, you can
• 30:40
  transfer to them at gold and then they can, they can do to it
• 30:43
  what they want, You know, So what, the way I use it, I have a
• 30:46
  recreation club here and we accept all of our dues in
• 30:50
  Goldback is what we accept them as.
• 30:53
  And then anytime they're buying something from the, from the
• 30:56
  club store or paying their dues or anything like that, they're
• 30:58
  just transferring. They're just making a gold
• 31:01
  transfer into my account because they have an account and I have
• 31:03
  an account and they just do a transfer.
• 31:04
  And you can do the same thing in reverse.
• 31:06
  If I were a company and I were paying somebody some sort of a
• 31:09
  wage, if then you can also pay them through a transfer like
• 31:12
  that. Now your bookkeeping is going to
• 31:13
  change from state to state Here in New Hampshire, it's a little
• 31:16
  bit more friendly. You do have unemployment
• 31:19
  insurance that you have to manage, but there's no, there's
• 31:22
  no income tax. That things are a lot simpler
• 31:24
  here because there's no sales tax and there's no income tax,
• 31:26
  and that makes things a whole. Lot no income tax you're talking
• 31:28
  about no capital gains taxes. Is that right on gold and silver
• 31:31
  income? Tax Awesome, there's no income.
• 31:33
  There's no income tax and and again, there's no capital gains
• 31:36
  tax on gold and silver. OK, specifically Ron, let me
• 31:39
  give me a little bit of rope here to talk to our good friend
• 31:42
  Adam. If I wanted to deal in gold
• 31:46
  backs in the state of Missouri, is that a difficult process?
• 31:48
  Is that something that would be difficult for someone to do?
• 31:52
  Or let's say we have a friend in California, can they set up a
• 31:56
  gold backed business? Can you talk a little bit about?
• 32:00
  That they can absolutely set up a go back business and become a
• 32:03
  merchant and use the UPMA and all of the services that go
• 32:05
  along with it. How they do their bookkeeping is
• 32:07
  beyond me. It varies from state to state.
• 32:10
  You're going to have to get with your your CPA, your tax advisor
• 32:13
  in California and Missouri because I don't know what any of
• 32:16
  those laws are. I know Florida's more friendly
• 32:18
  because you guys don't have sales taxes.
• 32:21
  No, we have income. Tax.
• 32:22
  Oh, you don't have income taxes there, so capital gains.
• 32:24
  Tax. Yeah.
• 32:25
  So that's simpler. But you know, California, who
• 32:27
  knows what they've got, They're going to start, you know,
• 32:29
  providing they're cutting all the trees.
• 32:32
  What? No, they're burning all their
• 32:33
  trees down. They don't want to cut them
• 32:34
  down, so they burn them down. But in short, what they're
• 32:36
  doing. In short, anyone can actually be
• 32:39
  a dealer for gold backs. That's right.
• 32:41
  Okay, Ron, I think that was an important point to get across to
• 32:44
  your audience. Yeah.
• 32:45
  Ron, let's get it back to you. It's your show.
• 32:47
  Why don't? You it's OK guys, now it's, it's
• 32:51
  interesting and I know my, my audience has a, a keen interest
• 32:55
  in the gold back. So I appreciate you providing
• 32:58
  all that clarity. I wanted to, I wanted to touch
• 33:01
  on this because you know, you all three of you, Pat with
• 33:03
  Missouri Freedom initiative, Daniel with Citizens for Sound
• 33:06
  money and and Adam with Alpine gold.
• 33:10
  You guys are out there working to spread the to spread the word
• 33:15
  to kind of grow this the sound money gospel, right?
• 33:18
  You know, gold and silver, whether it's, whether it's
• 33:21
  physical, whether you know, 10 oz bars, one ounce bars, coins,
• 33:26
  gold backs, you know. What, what, what?
• 33:28
  We're trying to do is get the word out.
• 33:30
  I wanted to come back just briefly to something we talked
• 33:32
  about earlier because that's really I think as a silver and
• 33:35
  gold community, I think there's two things that we all want.
• 33:39
  We all want, we all want to be able to use silver and gold more
• 33:43
  functionally in our day-to-day transactions, but we also want
• 33:47
  the value, and I think especially with silver, the true
• 33:50
  value to be recognized. And you know, I wanted.
• 33:53
  To throw out a couple strong. Words because we we touched on
• 33:57
  this, but. I I feel.
• 33:58
  Like again, like we are the lone wolves out there, right?
• 34:01
  And there is so much opportunity for for for the for the our
• 34:05
  numbers to grow. Do you think right?
• 34:08
  Do you think, I guess it's a two-part question, but do you
• 34:12
  think that that if. We if we get hit.
• 34:14
  With another big wave of inflation and I think you know
• 34:18
  what is inflation if we're measuring the cost of goods and
• 34:21
  services and Fiat dollars, right, U.S. dollars, it's the
• 34:25
  the, the devaluation of the dollar.
• 34:28
  And I think it's inevitable that the dollar is going to go down.
• 34:31
  I think we went. Through a wave.
• 34:33
  Like a year ago, two years ago, right, where some people say
• 34:36
  inflation was as high as 20%. I, I and I want to get your
• 34:40
  input on this. I think that when we get this
• 34:42
  next wave of inflation, which just based on the monetary
• 34:46
  fiscal situation of the United States is inevitable.
• 34:49
  But then you on top of that, you lop in geopolitical worldwide
• 34:53
  changes with the bricks and everything else that are going
• 34:55
  on. Do you think that could be a
• 34:57
  major catalyst where where we see just a wave of because I
• 35:02
  think it's almost that old saying like fool me once, right?
• 35:05
  Like you fooled me once with inflation two years ago.
• 35:08
  And you know, the cost of of everything at at the grocery
• 35:11
  store doubled on this feels like over the last couple years.
• 35:15
  But that if that if that starts to happen again.
• 35:18
  I mean, we already saw it, right, with all these new
• 35:20
  stackers going to Costco to buy gold and silver.
• 35:23
  But do you think we could get another big wave of people kind
• 35:27
  of joining our ranks at that point?
• 35:29
  I I think, yeah, I definitely think so.
• 35:33
  We had an economist on our broadcast.
• 35:35
  So for those of you who are listening want to hear more
• 35:38
  about what we're doing at Pork Fest, we go live around 1212
• 35:42
  thirty today. We typically do about a three to
• 35:44
  four hour live broadcast. Yesterday we had an economist
• 35:47
  from the American Institute of Economic Research, AIER Jason
• 35:53
  Soren, and we were actually talking about the the financial
• 35:58
  crisis that's going on in real estate, residential and
• 36:01
  commercial. And there's over, and we've
• 36:04
  talked about this on your show before.
• 36:06
  Right now there's a lot of pressure on some of the largest
• 36:09
  banks in our country over 4000, not over.
• 36:11
  Just about 400 banks are in in unrealized losses, equalling
• 36:18
  $900 billion. Four of those banks, the top
• 36:21
  four has 400 billion of that $900 billion in unrealized
• 36:27
  losses and realized losses to in real estate.
• 36:30
  And those loans are, I said, coming due May and June of this
• 36:34
  year. And what's happening is, and we
• 36:37
  asked Jason, like, why do you think we're not really seeing
• 36:41
  many collapses? We saw in May Republic Bank of
• 36:44
  Pennsylvania collapsing. An article came out by the FAU,
• 36:49
  my alma mater, that there are 16 major banks that are insolvent
• 36:53
  right now. And the FDIC knows they're
• 36:56
  insolvent. The Fed knows that they're
• 36:58
  insolvent and they're trying to save the banks.
• 37:00
  What are they doing? They must be printing currency.
• 37:03
  They must be pumping currency into these banks to prevent them
• 37:06
  from collapsing. Because I mean, it's just not
• 37:09
  possible to have unrealized or actual realized loss and then
• 37:12
  have good returns and earnings on their on their reports every
• 37:15
  quarter. So something's happening to
• 37:17
  where they're not collapsing and that's gonna cause inflation.
• 37:20
  That's what caused inflation in O8, all the bailouts.
• 37:23
  That's what started inflation in 2020 with the the stimulus
• 37:28
  package where the over a trillion dollars immediately
• 37:31
  were get was given out in stimulus and also on PPP loans
• 37:35
  and other low interest business loans like just causing a influx
• 37:39
  of inflation and why we have so much inflation right now across
• 37:42
  the economy. In fact, I would even add to
• 37:45
  that by saying if it weren't for the repo and reverse repo
• 37:47
  markets, these banks would have failed a long time ago.
• 37:50
  Run. Yeah, yeah, I've, I heard in, in
• 37:54
  my backgrounds in accounting, I love this term.
• 37:57
  I heard it after the great financial crisis, right?
• 37:59
  The reality is we, we never really paid the price for the
• 38:03
  great financial crisis in 2008. And, and there's a term out
• 38:07
  there called Disneyland accounting.
• 38:10
  And that's what these banks get to do, right.
• 38:12
  As an old accountant that once stuck with me, It's, it's and I
• 38:15
  and, and I've heard some people say that it's actually almost
• 38:19
  all the banks are insolvent because they all bought
• 38:22
  treasuries at these lower rates. And that if, if, no matter what
• 38:26
  the bank is, if everybody showed up and wanted their money and
• 38:29
  they had to liquidate all their treasuries, they wouldn't have
• 38:32
  the money. There's not, there's not enough
• 38:34
  money there, right? So it's really just kind of a
• 38:36
  situation where we're sitting, you know, as long as everybody
• 38:40
  doesn't show up and want their money back, the banks can get
• 38:43
  don't have to recognize their unrealized losses because they
• 38:46
  can they can say that they're holding those treasuries till
• 38:50
  maturity, right? As long as they say that they
• 38:53
  don't have to recognize that they lost a boatload.
• 38:55
  And then on top of that, you touched on the commercial real
• 38:58
  estate situation and we have example after example even at
• 39:01
  yesterday I showed from the Silver Academy they had an
• 39:05
  article about. Buildings in New York City, in
• 39:08
  Manhattan. That are like now being being
• 39:11
  appraised at like half of what they were what they sold for
• 39:16
  just two or three years ago. And and those banks, you know,
• 39:19
  that's the other big, you know, ticking time bomb.
• 39:21
  I think it's important to this is not a banking show, but this
• 39:24
  does relate to silver and gold because it could have a major
• 39:27
  impact on the on the on the price.
• 39:29
  Daniel, you said something you touched on something, but I want
• 39:32
  to elaborate on it briefly here. Those loans, all those
• 39:36
  commercial real estate loans, they, they don't all come due at
• 39:40
  the same day, right? That's like a rolling process.
• 39:42
  So as those now are just starting to show up to be
• 39:46
  refinanced, that's when they they are forced to recognize
• 39:51
  that, hey, this building that we loaned $300 million on four
• 39:56
  years ago is now only worth, you know, 40 or 50% of the, of the,
• 40:01
  of the money we, we loaned out, we loaned out for it.
• 40:03
  Agreed. And you know, and there is a
• 40:05
  solution, a free market solution out there to to alleviate the
• 40:10
  pressures on the commercial real estate and it's converting some
• 40:13
  of these office buildings to residential or multi family
• 40:17
  units or condos. But the problem is you have to
• 40:19
  be local, local counties and local municipalities that this
• 40:23
  is what Jason Sorens, Jason Sorens was telling us is that
• 40:28
  they they don't have. They don't have.
• 40:35
  Sorry, I got distracted because there were people talking.
• 40:37
  They won't. They won't.
• 40:39
  The zoning, they, they, they don't have the right to zoning
• 40:42
  and the zoning laws and the restrictions that these counties
• 40:45
  and municipalities are putting on real estate is preventing
• 40:48
  the, the market from actually transitioning and trying to save
• 40:50
  some of these, these bad loans because they couldn't make it
• 40:53
  into residential because there's not enough low income because of
• 40:57
  the amount of inflation there is.
• 40:58
  Rents have increased. There isn't enough development
• 41:02
  right now to keep up with the amount of people who don't
• 41:05
  aren't making enough to pay rents.
• 41:08
  So rent have have skyrocketed. They've been being pushed out of
• 41:11
  their places. They've been living there for
• 41:12
  years because of landlords increasing the rent and now
• 41:17
  there isn't enough low income housing.
• 41:20
  And the solution is converting some of these office buildings
• 41:23
  to to residential condominiums or multi families.
• 41:28
  But the government's taking too long to make these changes to
• 41:32
  fix what's happening, so we're going to have a collapse because
• 41:36
  the government intervention is preventing the free markets from
• 41:38
  actually being able to come up with and solve the problem.
• 41:42
  Yeah, yeah, yeah. And I think it's it, a lot of it
• 41:45
  goes back to O eight that we never really fixed the problem
• 41:49
  back in 2008. Instead, we printed money and
• 41:53
  paper. We didn't, we didn't take the
• 41:55
  pain right. And even now I think that's we
• 41:58
  got we, you know, we, we the, the, the, the, the, the idea
• 42:01
  that our politicians would allow some pain to be felt.
• 42:06
  They just keep pushing it off into the future, pushing it off
• 42:10
  into the future. And Americans are walking
• 42:12
  around, right? Like, not us, not the people up
• 42:14
  there at pork Fest, right? Not, not you, Daniel, not you
• 42:17
  Patrick, not Adam, not me, but most Americans are walking
• 42:20
  around in the state of oblivion like, well, the debt doesn't
• 42:24
  matter. The banks don't banks are your
• 42:26
  money. That's it's that normalcy bias
• 42:28
  where they think, Oh my, you know, well, you know, my money's
• 42:31
  safe in the bank and the national debt doesn't really
• 42:34
  matter. And but eventually, right, just
• 42:37
  because it hasn't happened yet doesn't mean that it's not going
• 42:41
  to happen. It's that idea of normalcy bias
• 42:44
  or recency bias where people everything's fine, was fine
• 42:47
  yesterday, everything seems fine today.
• 42:48
  So we're never going to have to pay the piper, but we're going
• 42:51
  to have to pay the piper. Can I take you a little bit
• 42:54
  further back in time, Ron? Let's go back to two. 1000 let's
• 42:58
  go back to 2000 when Alan Greens Alan Greenscan was a scam.
• 43:03
  I'm sorry, was actually goosing the stock market in 2000 and
• 43:08
  2001 Pring some $480 billion. And believe it or not, back in
• 43:13
  2480, billion was a lot of money.
• 43:16
  And so that ended up going into the stock markets, but it also
• 43:21
  went into the commercial banking system.
• 43:23
  It got fractionally reserved and suddenly there was an enormous
• 43:26
  amount of quote, UN quote currency sloshing around the
• 43:30
  system. And it was looking for a home
• 43:32
  and it went into real estate. So actually you could trace the
• 43:36
  etymology of the problems in 2008 all the way back to 2000
• 43:40
  with Alan Greenscam actually printing, I think it was 480
• 43:46
  billion, I think is what it was, $480 billion.
• 43:50
  And that's what caused the housing crisis in 2008, by the
• 43:53
  way. Wait, wait.
• 43:54
  Hold on a second. Pat, can you guys see the screen
• 43:56
  we got? We've got some I want.
• 43:58
  I have some. I have something I want to
• 43:59
  interject. Pat, hold on.
• 44:01
  If you, I don't know if you can see the screen.
• 44:03
  There we go. That is that the guy you're
• 44:05
  talking about, Alan Green Scam read for me what Alan Green Scam
• 44:13
  said back in 1966 when he was a young.
• 44:17
  A younger economist. Can you read that?
• 44:19
  I know it's a little blurry. You bet I can see it.
• 44:21
  Quote In the absence of a gold standard, there's no way to
• 44:25
  prevent confiscation of savings through inflation.
• 44:29
  End Quote. Alan Green's scam.
• 44:31
  It's 1966 apparently. Hold on, those are that's
• 44:34
  California job openings. I'll read this one.
• 44:37
  This is another one from our friend Alan Green Scam before he
• 44:40
  became before he became I guess a a a proponent of paper money,
• 44:46
  he said. Yet gold has special properties
• 44:48
  that no other currency, with the possible exception of silver,
• 44:52
  can claim. For more than two millennia,
• 44:54
  gold has has had virtually. Unquestioned acceptance as
• 44:58
  payment. It has never required the credit
• 45:00
  guarantee of a third party. So that was, that was.
• 45:06
  Yeah, that was that was. When he was speaking the truth,
• 45:08
  right? Yeah, but that was before he
• 45:10
  was, you know, basically upper echelons of the American
• 45:14
  financial system. So he was just an economist back
• 45:17
  then. And we had an economist on our
• 45:20
  show yesterday. He spoke the truth, too.
• 45:23
  So it apparently you start losing your morals when you
• 45:28
  actually climb the ladders of power in the financial system.
• 45:32
  Yeah, yeah, because go ahead. Ron, I'm going to have to get
• 45:35
  going. I got a speaking engagement here
• 45:38
  at 11:00 AM and I got to head over about 10 minutes early to
• 45:42
  get ready for that. So I'm going to, I'm going to
• 45:44
  say goodbye and Patrick and Adam can stick around for the
• 45:48
  basement drillers. The basement drillers.
• 45:49
  Thank you very much. I'm not a crook and we'll see
• 45:53
  you guys later. OK, thanks.
• 45:55
  Thanks Daniel. And, and if people want to
• 45:57
  support Citizens for Sound money, I've got a little, little
• 46:00
  ticker at the bottom of the screen there.
• 46:03
  Do you guys, you know Adam, Pat? Do you do you feel like we're
• 46:07
  headed towards a major event? But I don't want to scare
• 46:11
  people. I don't want to be a tinfoil
• 46:13
  head doomsayer. And and you know, I kind of felt
• 46:15
  10 years ago we were headed towards a major event that
• 46:19
  would, you know, could, could have drastic impact on the value
• 46:23
  of the US dollar. Do you, do you feel like it's
• 46:27
  like, like we're still heading in that direction?
• 46:29
  I'll let Adam go first on that. Yeah, I think we're in the
• 46:31
  event. I think we're in the event
• 46:34
  things are changing. I just don't think they're that
• 46:36
  bad. I'm not a doom and gloom guy.
• 46:38
  Sound money is taken off. Gold is going up, silver is
• 46:41
  going up. Bitcoin is exploding.
• 46:44
  Crypto is becoming more popular. You've got things around the
• 46:47
  world you've got, you know there, there's good and there's
• 46:50
  bad. You know, maybe you like bricks,
• 46:51
  maybe you don't. Maybe you like the dollar, maybe
• 46:53
  you don't. Maybe you like the way the
• 46:55
  monetary system is. We got a lot of options right
• 46:57
  now. I don't think it's going to be
• 46:58
  as bad as it as it was back when we had the Great Depression
• 47:01
  because there weren't any options.
• 47:04
  We've got tons of different economy.
• 47:06
  We're the world's largest producer of food, exporter.
• 47:09
  We're the world's largest exporter of food.
• 47:11
  You know, America's Got a whole lot of things going for it.
• 47:14
  We got a whole lot of different monetary systems.
• 47:17
  We've got a whole lot more communication with the Internet
• 47:19
  and with YouTube and with folks like yourself that are out there
• 47:23
  broadcasting to people, you know, sounding the warning and
• 47:26
  is there an event coming? I think this is it.
• 47:28
  We're in it. You know, the gold's going up,
• 47:30
  silver's going up. Things are things are looking
• 47:32
  good. I think so.
• 47:33
  I'm not a doom and gloom guy. Can I can I do the I'm?
• 47:36
  Sorry, go ahead, Ron. I want to interject one thing on
• 47:38
  that point. I, I agree with you, Adam, and
• 47:42
  it's interesting you say that because I read something the
• 47:44
  other day that, that, you know, this is the, the event, it is
• 47:48
  happening right now. I would imagine that as past
• 47:51
  events unfolded throughout history, people didn't realize
• 47:53
  like, wow, I'm living through a historic event, right?
• 47:57
  But it, it, and I heard someone say this and it, it, it, it, it
• 48:00
  just made sense with me on a gut level.
• 48:02
  Like, like parts of the US economy, like if you're a, a
• 48:07
  lower middle class person in the United States who doesn't know
• 48:10
  about silver and gold and who works, you know, two or three
• 48:14
  jobs just to be able to barely pay rent and barely afford a car
• 48:20
  and car insurance. You're already in a, in a, in a
• 48:23
  depression almost from an economic perspective.
• 48:26
  So I, I appreciate you bringing that up because it, I think
• 48:29
  maybe we don't recognize that we are in that.
• 48:32
  And wow, this really is happening right now.
• 48:35
  You know what we're going to good cop, bad cop.
• 48:37
  You hear? You had the good cop here.
• 48:39
  I'm the bad cop. So I'm going to give you a
• 48:42
  slightly different perspective. And it's not, it's not all gloom
• 48:45
  and doom, not for everybody. But the dollar is what's failing
• 48:50
  here. The world reserve currency known
• 48:51
  as the dollar and, and a lot of those dollars are going to come
• 48:57
  home. You talked earlier about Japan
• 49:00
  dumping treasuries or bonds, I can't remember which.
• 49:03
  But the fact of the matter is eventually this, these Roosters,
• 49:07
  these dollar Roosters are coming home.
• 49:10
  They're they're actually coming home.
• 49:11
  And those who are not prepared for that with gold, silver,
• 49:16
  Bitcoin, some kind of alternative, these are going to,
• 49:19
  these folks are going to feel it the worst because America is
• 49:21
  Ground Zero for the economic collapse.
• 49:24
  But as Adam said, and now, now once again, I'll, I'll go back
• 49:26
  to the sunshine. What Adam said is those who
• 49:29
  prepare for it with alternative measures and, and it could be if
• 49:33
  you're still dealing in dollars, that's great.
• 49:34
  As long as you have assets like for instance, you are selling
• 49:38
  eggs, you are selling meat, you are involved in the economy in
• 49:41
  that way, particularly in food, you'll be okay.
• 49:44
  You know, you may not be the richest guy in the planet, but
• 49:47
  you will weather the storm. So at any rate, those who are
• 49:52
  diametrically, you know, opposed to, you know, basically Bitcoin
• 49:56
  and gold and silver and think the dollar is the way to go,
• 50:00
  these people are really going to feel the hurt.
• 50:03
  You're really going to feel it. Those who have nothing but
• 50:07
  dollar denominated assets. Hey, I'm OK, I got plenty of
• 50:10
  three M stock. I'm going to be great.
• 50:13
  No, no, you got to diversify a little bit into alternative
• 50:17
  means and and gold and silver and in and even as we were
• 50:20
  talking about Bitcoin are valid, valid alternatives to the
• 50:25
  dollar. Yeah, I want, I want to get your
• 50:27
  guys opinion on this because Pat, you bring up, I'm going to
• 50:30
  make it real simple. I think the whole system is
• 50:33
  created to it is created to confuse us, right.
• 50:38
  I mean the whole try to understand what the Fed does try
• 50:40
  to interest rates and dollar hegemony and the and the D and
• 50:44
  all all this stuff. But if you really think about it
• 50:47
  on simple terms, right, we know that China, we know Russia, we
• 50:51
  know the BRICS countries, we know we can just say the rest of
• 50:54
  the world is moving away from the dollar and a in a couple
• 50:58
  different ways. They're moving away from it,
• 51:00
  from using it as a trade mechanism with D dollarization
• 51:04
  in that perspective, but they're also selling their U.S.
• 51:06
  Treasuries, right, So. When they're selling and when
• 51:10
  they're not using the dollar, that means the dollar is less in
• 51:14
  demand, right? But all of that is happening
• 51:17
  right at a time where if I pull up the US debt clock and we look
• 51:21
  at that, the United States needs the world to need the dollar
• 51:26
  more than ever. So it's like 2 opposing forces
• 51:29
  that are moving in opposite directions anytime, anything,
• 51:33
  whether you're talking about eggs, whether you're talking
• 51:36
  about. Oil, anything where there's more
• 51:38
  of a supply, right, there's all these dollars are coming home,
• 51:42
  right? Anytime there's any surplus, an
• 51:44
  excess supply, the value goes down.
• 51:47
  And when the value of the dollar goes down, right, the value of
• 51:51
  other real assets that are measured in Fiat dollars goes
• 51:55
  up. Yeah.
• 51:56
  All right. And David's coming.
• 51:58
  Today, Hey, we have a special guest joining us.
• 52:01
  So this is Eric Brakey, Senator Eric Brakey from the state of
• 52:06
  Maine, who is the new director of the Free State Project.
• 52:09
  And we're going to get ahead of headphones.
• 52:12
  I don't know how far that'll reach.
• 52:14
  You might want to switch headphones.
• 52:15
  It might be better short distance there on that cable.
• 52:20
  And so we're talking doom and gloom here.
• 52:22
  We're talking about the collapse of the dollar.
• 52:25
  So this is Ron's basement. Are you familiar with Ron's
• 52:29
  basement? Well, we got to talk yesterday,
• 52:30
  so I wasn't familiar with Ron's basement, I have to admit.
• 52:33
  But I, you know, after talking with Ron, I'm very impressed by
• 52:37
  his monetary knowledge. And everyone else keeps telling
• 52:40
  me what a big deal Ron's basement is, so shame on me for
• 52:43
  not being familiar. Yep, we all need to know who Ron
• 52:47
  is in Ron's basement. And the basement dwellers, you
• 52:49
  know, you know, basically the people that believe the
• 52:52
  believers in gold and silver. I think Ron, you're probably my
• 52:55
  second favorite Ron in the world at this point, so.
• 52:58
  Yeah. Compete with Doctor Paul in my
• 53:00
  heart but. You know you're.
• 53:02
  You're you're, you're, you're in a strong second.
• 53:05
  Ron's are, yeah. The Ron's are doing pretty good
• 53:07
  in the in the sound money. So Eric, you're a is it a state
• 53:11
  senator from Maine? Is that correct?
• 53:13
  Is that what? Yeah.
• 53:13
  That's right. I'm serving my third term in the
• 53:16
  state Senate and I am leaving Maine, joining the Free State
• 53:21
  movement in New Hampshire to lead the Free State Project.
• 53:23
  And I will say during my last term on my way out, I just
• 53:28
  decided to go kind of gangbusters on monetary policy.
• 53:32
  I think I sponsored a number of bills in Maine to remove taxes
• 53:37
  on gold and silver to recognize it as legal tender.
• 53:42
  And also some interesting stuff with a proposal for a State
• 53:46
  Bank. You know, some interesting
• 53:49
  things. Also stuff around cryptocurrency
• 53:51
  and trying to stop CBD CS. So I will say with Democrats in
• 53:55
  charge right now, we got close to some of them.
• 53:58
  We almost made it legal tender. We almost got rid of the sales
• 54:02
  tax, but but the Democrat leadership came in and put the
• 54:05
  kibosh on some of these things at the last minute.
• 54:07
  But, you know, we're getting the message out there.
• 54:09
  And I think in these times of high inflation, more and more
• 54:12
  people are realizing how important it is that government
• 54:16
  needs to remove these artificial barriers that prevent people
• 54:19
  from saving in real, sound hard money.
• 54:23
  Yeah, wow. I love.
• 54:25
  I want to throw in two quick things.
• 54:26
  And we we're already we already covered this.
• 54:28
  We were talking about the fact that this last wave of
• 54:31
  inflation, I think woke a lot of people up.
• 54:34
  I mean, I can tell you from my from my channel, the basement
• 54:37
  dwellers that, you know, we've got just a grew exponentially as
• 54:43
  people realize that the value of their dollars going down.
• 54:46
  But that we also, as we move, you know, into the next like
• 54:50
  four or five years, we're going to get another wave of
• 54:52
  inflation. And that we could that that
• 54:53
  could really, really wake up a lot of people to the fact that
• 54:58
  they need to protect their wealth with things like silver
• 55:00
  and gold. Maybe Bron, I wanna introduce
• 55:03
  another special guest. We have Doctor David coming in
• 55:05
  here. How much time do we have left
• 55:07
  and is it okay if I introduce him real quick?
• 55:09
  Or yeah, that'd be great. Yeah, no, we've got we can go
• 55:12
  another 20 minutes or. Okay, good, this is Doctor David
• 55:15
  and he's a huge sound money advocate force and and just say
• 55:20
  hello, doctor. Hey, Ron, how's it going?
• 55:22
  Hey, Doctor. David, welcome to the basement.
• 55:25
  Tell us a little bit about yourself and, and why.
• 55:27
  And we're we're, we're trying to convince ourselves that we need
• 55:29
  to buy silver and gold. Any ideas on that subject?
• 55:33
  It's a no brainer. It's a no brainer.
• 55:36
  I've been watching precious metals for about 20 years and
• 55:41
  you know, actually the whole liberty movement, precious
• 55:44
  metals, sound money. I got into around 2008 with the
• 55:48
  great financial crisis. I had just bought a house and I
• 55:52
  remembered I read an article by Ron Paul about a housing bubble
• 55:58
  in 2007. And or I know actually I read
• 56:01
  that in like 2005 and I bought the house later in 2005.
• 56:06
  And then we had the great housing crash and I was like,
• 56:10
  whoa, who was this guy that predicted this housing bubble?
• 56:15
  And I started reading about his stuff and I picked up his book
• 56:18
  because his campaign book, Ron Paul Revolution, a manifesto.
• 56:24
  And it was his campaign book and read principles about sound
• 56:28
  money, the Federal Reserve, and was hooked on the liberty
• 56:33
  movement ever since. Everything he said and and wrote
• 56:36
  about made a lot of sense to me. And that's what that's what kind
• 56:39
  of drew me in. And so, and I had been dabbling
• 56:41
  in precious metals since the early 2000s, Watched it, you
• 56:46
  know, when I watched things crash in 2008, what silver went
• 56:51
  down to 9 bucks an ounce. And I jumped in and bought some
• 56:56
  there and then watched it run all the way up to 50 and then
• 56:59
  come all the way back down for a decade into the 20s.
• 57:05
  And that's when I started reading about manipulation going
• 57:09
  on by the bullion banks, particularly JP Morgan, on
• 57:12
  behest of the Federal Reserve, on behest of the federal
• 57:14
  government. And back then, 20 years ago, you
• 57:19
  know, Ted Butler had been sounding the horn for about 10
• 57:21
  years and he was still considered, his theories were
• 57:25
  still considered rather fringe. And well, no.
• 57:29
  And a lot of people were trying to refute that.
• 57:32
  Fast forward to today, in the precious metals community is
• 57:37
  accepted as fact. JP Morgan's been taken to, taken
• 57:41
  to court, lost. Isn't it amazing just how many
• 57:44
  things like Doctor Paul was mocked for saying 10 years ago,
• 57:49
  everyone has kind of come around, or at least anyone with
• 57:52
  any reason? It's like, wow, Ron Paul was
• 57:55
  right again and again and again. As were the founding fathers
• 57:58
  when they wrote the guiding principles to which he adheres
• 58:01
  to. Yeah, yeah, yeah.
• 58:03
  And there and I have AII could pull it up.
• 58:05
  It's my my audience has seen it many times.
• 58:07
  There's I think it was from WikiLeaks.
• 58:10
  There's a memo that was written in the mid 70s when they were
• 58:13
  setting up the futures exchanges for gold and silver where they
• 58:18
  explicitly say like this will, this will induce volatility into
• 58:23
  the silver and gold price and it will discourage Americans from
• 58:27
  hoarding silver and gold. I mean, they're, they're, it's
• 58:30
  been proven that there's a concerted, there's been a
• 58:32
  concerted effort to at least exert a certain amount of
• 58:36
  influence over the precious metals prices and to move.
• 58:40
  And that's why we know we talked about this earlier.
• 58:42
  Like, you know, we're, we're maybe one in 100 people, maybe
• 58:45
  one in 200 people in the United States right now that really
• 58:49
  know what's going on. You know, everybody else is
• 58:51
  asleep in my opinion. Unfortunately, and that's one of
• 58:55
  the great things that you guys are doing here, is bringing
• 58:58
  awareness to people that may not be aware about the dangers, the
• 59:02
  inherent dangers in our Federal Reserve banking system, the end
• 59:07
  of the Petro dollar, inflation is increasing and it's going to
• 59:11
  get worse. You know, I, I wonder sometimes
• 59:14
  as we see kind of a lot of the rest of the world beginning to
• 59:19
  shift away from the US dollar. I wonder sometimes if, you know,
• 59:25
  if we are putting Americans in a really dangerous spot where our
• 59:28
  government restricts and, and tries to discourage the American
• 59:32
  people from owning and possessing gold and silver
• 59:34
  through all of these laws and taxes and, and things like that.
• 59:38
  You know, are we really going to let the Russians be the ones
• 59:41
  who, you know, you know, buy up all the gold at these prices or,
• 59:46
  you know, you would think that we would want kind of the
• 59:49
  American people to to have as much as possible for our own
• 59:52
  national security and our economic security?
• 59:55
  That's interesting that you say, you know, for our own national
• 59:58
  security. So that's interesting to think
• 1:00:01
  about that if we don't have a sound money system, if we don't
• 1:00:04
  have sound economics. Then it creates a national
• 1:00:08
  security risk. Yeah.
• 1:00:09
  I mean, I would think that like if if the dollar is, I mean, who
• 1:00:13
  knows? I mean, people have been
• 1:00:14
  predicting the death of the dollar for a long time, right.
• 1:00:16
  But certainly we do see some, at least some really symbolic
• 1:00:19
  things on the international stage that are, I think, some
• 1:00:22
  cause for alarm or at least signs that things are starting
• 1:00:27
  to shift, like the Saudis breaking the.
• 1:00:29
  Petro dollar, dollar is done. It's huge.
• 1:00:32
  We were talking about that for decades.
• 1:00:34
  Yeah. And.
• 1:00:34
  It happened and I know people I've seen people like Safedeen,
• 1:00:37
  the author of The Bitcoin Standard have argued that, well,
• 1:00:40
  the Petro dollar doesn't really mean what it used to, but it
• 1:00:42
  certainly seems to be symbolic of something, whether it's a has
• 1:00:47
  a big direct effect on the US, on the dollar as the US global
• 1:00:51
  reserve or not. It seems to be symbolic of
• 1:00:53
  something larger that is happening, the shift away from
• 1:00:56
  the dollar. And it seems to me that if
• 1:00:58
  that's the way that things are going and our government,
• 1:01:01
  because they are so invested in trying to prop up the dollar,
• 1:01:05
  tries to discourage the American people from being able to
• 1:01:07
  diversify their monetary and. The average American under the
• 1:01:11
  bus and try to save their unjust Fiat policy system.
• 1:01:15
  Then what they in effect are doing is ensuring that the
• 1:01:19
  American people are going to be the last ones to the game when
• 1:01:22
  it comes to having, you know, precious metals and hard
• 1:01:26
  currency. And as far as our economic
• 1:01:29
  security, at a certain point, if we lose the dollars, the the
• 1:01:33
  dollar's global reserve status and the American people do not
• 1:01:37
  have, you know, in our country a strong savings base in, in gold
• 1:01:42
  and silver, then we're going to be at potentially at a real
• 1:01:44
  disadvantage compared to the rest of the world.
• 1:01:47
  So they can sweep us to SCBDC. That's what they want.
• 1:01:51
  And that will be the end of liberty as we know it.
• 1:01:54
  That's why I value gold and silver most importantly.
• 1:01:58
  First and foremost, it protects our liberty, our freedom.
• 1:02:03
  You know, a lot of people say Andy Scheckman loves to say it's
• 1:02:06
  wealth. Gold and silver are well, it's,
• 1:02:10
  it's the protection of our liberty.
• 1:02:12
  It's so important. It's the end of liberty.
• 1:02:15
  As well. But now that's a great point
• 1:02:19
  that that I hadn't thought of, right, that that it actually
• 1:02:22
  could probably be qualified as a national security issue that the
• 1:02:27
  9099% of Americans don't really have any real money in their
• 1:02:33
  possession. That's why what you are doing,
• 1:02:36
  Ron, by on Ron's basement, having legislatures on your show
• 1:02:42
  and other people who are pro sound money, moving the sound
• 1:02:47
  money movement forward, getting legislation passed, getting
• 1:02:51
  legislation introduced, doing negotiations.
• 1:02:54
  Beside this, behind the scenes, like my good friend here Pat
• 1:02:57
  Holland, Eric Brakey has been a sound money advocate going back
• 1:03:02
  probably when he was just a toddler.
• 1:03:04
  Well, it took me a little bit longer than that to figure it
• 1:03:06
  out, but at least the last 14 years.
• 1:03:09
  And by you having these people on your show and giving them
• 1:03:12
  exposure and by what these gentlemen are doing and Daniel
• 1:03:15
  Diaz with Citizens for Sound Money, what these guys are
• 1:03:18
  doing, they are securing liberty.
• 1:03:21
  It's where the rubber hits the road.
• 1:03:23
  Our founding fathers are shining and and smiling down on these
• 1:03:27
  gentlemen because they're doing it in our time.
• 1:03:30
  They're carrying forward the principles that they taught us
• 1:03:34
  that we were supposed to adhere to, to maintain our liberty.
• 1:03:37
  And we've really lost it. I I'm just so outraged by the
• 1:03:41
  Federal Reserve Act, by the Federal Reserve notes.
• 1:03:45
  I it just makes me so damn angry.
• 1:03:47
  I'm. Really.
• 1:03:48
  I want to, I want to, I want to make you.
• 1:03:50
  I want to make you angrier for a second.
• 1:03:52
  If you don't mind here, I want to pull this up and read this.
• 1:03:55
  I don't know if you've if you've seen this or if you can you see
• 1:03:58
  it on the screen. Can you read it?
• 1:04:00
  Can you guys read this? Absolutely.
• 1:04:02
  Woodrow Wilson regretted what he'd done when he signed the
• 1:04:06
  Federal Reserve Act, you know. I remember having a dream back
• 1:04:10
  in 2012 working on the Ron Paul campaign and thinking we get Ron
• 1:04:14
  Paul elected this year in 2012. 2013 is the 100 year anniversary
• 1:04:18
  of the creation of the Federal Reserve and wouldn't it have
• 1:04:20
  been great if Doctor Paul is first year in ends the Fed on
• 1:04:23
  the 100th anniversary? Sometimes I regret I, I, you
• 1:04:27
  know, you, there's all these movies out there about the
• 1:04:28
  multiverse and I regret that. We're in the universe where Ron
• 1:04:32
  Paul didn't become president in 2012 and and we're still living
• 1:04:36
  with this creature from Jekyll Islands.
• 1:04:37
  Yeah. So I want to read this because I
• 1:04:39
  think it goes with what you guys are saying.
• 1:04:41
  I'm this is Woodrow Wilson. And for our viewer, Woodrow
• 1:04:44
  Wilson, and correct me if I'm wrong, guys, but he was the
• 1:04:46
  president that signed the legislation that created the
• 1:04:50
  United States Federal Reserve Bank.
• 1:04:52
  And three years later or five years later, he said this, that
• 1:04:57
  quote, I'm the most unhappy man. I've unwittingly ruined my
• 1:05:01
  country. A great industrial nation is now
• 1:05:04
  controlled by its system of credit.
• 1:05:07
  We are no longer a government by free opinion, no longer a
• 1:05:11
  government by conviction and the vote of the majority, but a
• 1:05:16
  government by the opinion and duress of a small group of
• 1:05:19
  dominant men. And that was Woodrow.
• 1:05:22
  I had no idea that he had had some kind of deathbed conversion
• 1:05:26
  on this issue. Yeah.
• 1:05:28
  Abraham Lincoln was very, very torn and felt very guilty about
• 1:05:34
  what he what kind of deals he had to do with the banks during
• 1:05:37
  the Civil War era. Was was this after Woodrow
• 1:05:40
  Wilson's stroke? We caught they, I think they
• 1:05:42
  some folks called it the stroke of good luck when he was could
• 1:05:47
  no longer screw things up anymore when he was in the White
• 1:05:49
  House because. I have to dial it back a minute.
• 1:05:52
  You said the creature from Jekyll Island.
• 1:05:53
  Yo, yeah. G Edward Griffin is actually a
• 1:05:57
  fan of Goldback, and he's awesome.
• 1:05:59
  Yeah, we've been on his podcast and so, so bored.
• 1:06:01
  So it's funny that you. Well, just a few days ago here
• 1:06:04
  at Pork Fest, 'cause we have the, the mainstage programming,
• 1:06:09
  you know, for the adult attendees, right, with many
• 1:06:13
  great talks. But we also have, we've got so
• 1:06:15
  many families here. We've got the porcupines and so
• 1:06:18
  we've been doing some like story reading and other things.
• 1:06:20
  So few days ago I read to them the Tuttle twins and the
• 1:06:23
  creature from Jekyll Island to all the all the kids like under
• 1:06:26
  the age of 10 'cause we got to, we got to warn them young about
• 1:06:29
  the dangers of central banking and inflation.
• 1:06:32
  And anyway. It was a.
• 1:06:33
  Lot of fun and thank you David. Kids are getting.
• 1:06:35
  Into it. See you, David.
• 1:06:36
  Thank you. Appreciate.
• 1:06:37
  It. Yeah, Thanks, David.
• 1:06:39
  Oh, who's this? Guy got a quick story about
• 1:06:41
  Doctor Dave here, So he's sitting right here.
• 1:06:44
  I'm a, you know, my left hand side.
• 1:06:46
  It's because of Doctor Dave Shlaroth that that Daniel
• 1:06:51
  Calzone and I I'm sorry, Daniel Diaz and I got together and of
• 1:06:56
  course, you know, also with Adam and that was through your show,
• 1:07:01
  Ron, you know, bringing bringing the sound money folks together
• 1:07:05
  at the powerhouses. The you know, we're talking
• 1:07:08
  about legislation, economic war room in Texas, Missouri Freedom
• 1:07:12
  Initiative in Missouri, Citizens for sound money or national.
• 1:07:16
  We all got together because of your show.
• 1:07:19
  And so don't underestimate the power of Ron's basement, folks.
• 1:07:23
  Hey, the basement dwellers are awesome.
• 1:07:25
  Hey, Pat, I want to run out. I keep Susie Silver.
• 1:07:29
  Susie who everybody here in the channel knows my wife the the
• 1:07:32
  real boss here at Ron's basement keeps She's not home.
• 1:07:35
  Keeps texting me telling me that I need to say hello to you guys
• 1:07:38
  but also she wants me to go check on the silver and gold
• 1:07:42
  price. So you got a second so we can
• 1:07:44
  run out. We're going to run out there pin
• 1:07:46
  backs website. Let's see if how silver and gold
• 1:07:48
  are doing today. Wow.
• 1:07:50
  Hey, you guys are good luck. Silver's up 9094 cents per oz.
• 1:07:56
  That's because Adam Van is here, yeah.
• 1:07:58
  Thank you. It's going to go down in history
• 1:08:00
  that Ron's basement was a glue that kept it all together.
• 1:08:03
  I, I, I have to say, you know, one of the things I love here at
• 1:08:06
  Pork Fest is that people are accepting gold backs and
• 1:08:08
  accepting silver coins and payment for things.
• 1:08:10
  But I got to tell you, just knowing that these things are
• 1:08:12
  increasing in value, I just can't part with them.
• 1:08:15
  I keep handing over my Federal Reserve notes.
• 1:08:18
  Your dirty, filthy fiats. It's.
• 1:08:20
  Like, well, let me let. Me you guys you you guys were
• 1:08:24
  talking earlier about using gold and silver and I'm like I've
• 1:08:27
  been buying silver for 20 years and I've never sold an ounce are
• 1:08:31
  converted. I should I let me use the word
• 1:08:33
  convert is that we're not buying and selling We're really I'm
• 1:08:35
  really when I'm converting pay there still blows my mind that I
• 1:08:39
  can take paper money, right just pretty printed paper money and
• 1:08:44
  convert that into real metal right.
• 1:08:46
  I mean it's just it's absolutely crazy.
• 1:08:49
  I want to, I want to Eric, I want to also comment on
• 1:08:51
  something you said earlier about the young kids.
• 1:08:53
  And I'm hearing a lot from my contacts in the bullion industry
• 1:08:57
  that we've got a lot more young people, a lot more women, right?
• 1:09:01
  We don't have any women on the show today, but there are a lot
• 1:09:03
  more women coming into the gold and silver movement.
• 1:09:06
  I think that's because women are, are, are, are are generally
• 1:09:10
  very interested in protecting their families.
• 1:09:12
  But we're also getting a lot more young people.
• 1:09:15
  And and I want to .1 more thing out about that young people is
• 1:09:19
  what I have twin 12 year old identical twin daughters.
• 1:09:22
  They play all kinds of games and have over the years on their
• 1:09:25
  tablets, their phones, almost every game, what they're what
• 1:09:29
  they're trying to collect are gold and silver coins, right?
• 1:09:33
  Like like even from a young age kids are taught that that that
• 1:09:37
  silver and gold are are like the most valuable thing to gather.
• 1:09:41
  Yeah, Mario doesn't go around collecting paper notes, right?
• 1:09:45
  He's going around collecting gold.
• 1:09:47
  Coins. Yeah, right.
• 1:09:48
  Yeah. We're here at Pork.
• 1:09:49
  Fest here, here at Pork Fest, there's over 600 kids here, I
• 1:09:52
  think. I forget how many tickets were
• 1:09:53
  sold, but a bunch hundreds and hundreds of kids and they're all
• 1:09:57
  running around with their own little hustle.
• 1:09:58
  Some of them will take your trash, some of them will will
• 1:10:01
  will come in and do help you out selling raffle tickets or
• 1:10:04
  something like. That yeah, they're selling
• 1:10:05
  S'mores, you know, packets and stuff like that.
• 1:10:09
  We certainly encourage entrepreneurship and, and
• 1:10:11
  especially kids learning lessons of entrepreneurship.
• 1:10:14
  So boy, I have like kids walking away saying I've made $200.00
• 1:10:18
  here, just like selling the, you know, things that they brought
• 1:10:21
  to sell at Pork Fest. And of course, you know, it
• 1:10:23
  helps a little bit when a kid comes up to you and says, hey,
• 1:10:26
  do you want to buy this thing? It's hard to say no to like a
• 1:10:28
  cute kid trying to, you know, be a little entrepreneur.
• 1:10:31
  So people tend to be pretty generous.
• 1:10:33
  And I, I pulled up on the screen, I don't know if you guys
• 1:10:36
  can see it, but I pulled up the pork Fest website and it's not
• 1:10:39
  pork as in the meat, it's pork as in porcupine, which I guess
• 1:10:44
  are are abundant up in that area.
• 1:10:47
  That's. A mascot.
• 1:10:48
  Yeah, porcupines are somewhat native to the area.
• 1:10:50
  But also, it's like, you know, the Republicans claim elephants,
• 1:10:54
  the Democrats claim donkeys, while the libertarian movement
• 1:10:58
  is larger than just any political party.
• 1:11:00
  You know, we tend to associate with the porcupine right.
• 1:11:02
  The Porcupine Open carries right.
• 1:11:06
  Yeah, leave him alone. He won't hurt.
• 1:11:07
  You but practice is the non aggression principles.
• 1:11:09
  I don't hurt you or you don't hurt me and I don't hurt you
• 1:11:13
  right, And that's that's the libertarian credo.
• 1:11:16
  Don't hurt people, don't take their stuff.
• 1:11:18
  Yeah, family friendly toxin panels, parties.
• 1:11:23
  Look at that. Looks like you guys are.
• 1:11:24
  Actually, can I do a shameless plug?
• 1:11:26
  Sure, yes. OK, in honor of Ron Paul
• 1:11:31
  tomorrow night we are having end the Fed happy hour right here in
• 1:11:36
  the sound money tent and with complete with cheese and wine.
• 1:11:39
  And we're going to do some some auctions as well for some silver
• 1:11:43
  and gold. So that's a that's a big deal
• 1:11:46
  over here. Anyone who is watching Ron's
• 1:11:48
  basement that is actually at Pork Fest right now, please,
• 1:11:52
  please come by the tent for this extraordinary event.
• 1:11:56
  But not only that, right before Ron Paul speaks, right over
• 1:12:00
  there in that pavilion about 50 feet away from us, we're going
• 1:12:03
  to be selling burritos. So actually big burritos.
• 1:12:07
  And we'll be doing that on Saturday morning, right before
• 1:12:11
  Ron Paul speaks. So shame.
• 1:12:13
  Shameless plug over. At that happy hour, is that
• 1:12:15
  where we're going to do it? We're going to end the Fed
• 1:12:17
  there. Yeah, that's the end.
• 1:12:18
  The the end. the Fed Happy hour. We're celebrating silver and
• 1:12:21
  gold. It has.
• 1:12:22
  To start somewhere, yes, it starts right here in the Sound
• 1:12:25
  Money tent, right here at Port Fest 2024.
• 1:12:28
  And a great reminder everyone, you too can end the Fed Bye
• 1:12:32
  Jess. Diversifying and not not being
• 1:12:37
  being so dependent on the paper notes that they put out there
• 1:12:40
  and finding. I, I want to do a shameless plug
• 1:12:42
  too, now that we're in the rhythm of it.
• 1:12:44
  You know, this was Father's Day weekend and, and congratulations
• 1:12:47
  to you guys. Happy Father's Day to you.
• 1:12:49
  I'm not a dad yet, but. I thought you were already, you
• 1:12:51
  know, No, you. You.
• 1:12:52
  You've got maybe once I, my wife and I get our first house in New
• 1:12:55
  Hampshire, we'll start. You've got it in you, brothers.
• 1:12:58
  All right, so how it works? I'm waiting.
• 1:13:01
  We're just waiting for the stork to show up.
• 1:13:03
  I. Want to say thank you to my
• 1:13:04
  children. Belle and Declan came out to
• 1:13:06
  Pork Fest for the first part of the of the week, even though I'm
• 1:13:09
  working and they celebrated Father's Day with me and got me
• 1:13:11
  a mug and it was a really good weekend.
• 1:13:14
  I just want to say thank you to my kids and happy Father's Day.
• 1:13:17
  Ron, hope you had a great when you got some great kids and a
• 1:13:19
  great family over there too. Yeah, well, thank you and I want
• 1:13:22
  to thank you guys for being on today.
• 1:13:24
  You know, Pat, Adam, Eric, and thank you for everything you
• 1:13:27
  guys are doing to help spread the word out there about sound
• 1:13:31
  money. And you know, that's all we
• 1:13:33
  that's all we can do, right is, is put the information out
• 1:13:37
  there. It's up for people to, to listen
• 1:13:39
  to us, listen to other people and come up with their own kind
• 1:13:43
  of thesis on where things are going.
• 1:13:45
  But I do know that in our hearts and I believe also in our minds
• 1:13:50
  that you know, and, and, and according to our calculators
• 1:13:54
  that there's a big benefit for people right now to move to
• 1:13:58
  sound money, silver, gold, platinum, whatever, whatever it
• 1:14:01
  may. Be and that interesting a
• 1:14:02
  deflationary currency. And if I could add, since these
• 1:14:06
  two gentlemen have done their shameless promotions, I would
• 1:14:10
  just like to invite your guests to go check out fsp.org, which
• 1:14:13
  is the website for the Free State Project, which hosts the
• 1:14:16
  Porcupine and Freedom Festival. We also have another banner
• 1:14:19
  event every year called the New Hampshire Liberty Forum.
• 1:14:23
  And our mission at the Free State Project, we are a mass
• 1:14:26
  migration movement of people who love liberty, moving to New
• 1:14:29
  Hampshire to establish a liberty homeland.
• 1:14:31
  We've been at it for 20 years and New Hampshire is ranked in
• 1:14:34
  the Freedom of the 50 States index, the number one state for
• 1:14:37
  freedom in America when it comes to economic and personal
• 1:14:40
  liberty. We're for the whole package.
• 1:14:41
  And you know, as folks move to sound money, you can also
• 1:14:46
  consider moving to New Hampshire.
• 1:14:49
  We would love to have you or at least come up for a visit to
• 1:14:51
  Pork Fest in the future or the New Hampshire Liberty for any
• 1:14:53
  every time of year. We got great events in the
• 1:14:56
  community going on all the time. You can learn about it fsp.org.
• 1:14:58
  So thank you for letting me do my shameless plug.
• 1:15:01
  Sounds good guys, enjoy the rest of the festival.
• 1:15:04
  Thank you for all you're doing OK and I'm I'll be looking
• 1:15:08
  forward to seeing all you next time.
• 1:15:10
  Hey, love you Ron. Love the basement dwellers.
• 1:15:12
  You guys are awesome. That you got the best fans.
• 1:15:16
  Thank you. For reading the the comments and
• 1:15:18
  what a bunch of gentlemen. Wonderful.
• 1:15:21
  People, ladies, and hello to Susie.
• 1:15:24
  All right. Thank you to my second favorite,
• 1:15:26
  We're on. That's right.
• 1:15:28
  All right, guys. Have fun.
• 1:15:29
  Thank you. OK.
• 1:15:31
  God bless you guys. Happy Pork fest, everybody.
• 1:15:35
  All right, guys, there we have it.
• 1:15:37
  What a great group of people. It is so critical right as we
• 1:15:40
  look at what's going on. In the world right now, on a
• 1:15:44
  worldwide geopolitical basis, when we look at what's going on
• 1:15:48
  internally in the United States, right, with the economy, with
• 1:15:52
  the monetary system that we're dealing with, with the Fed, with
• 1:15:55
  the financial fiscal situation that we're dealing with, with
• 1:15:59
  our government. Look, I'll never tell you what
• 1:16:01
  to do. I'll never tell you I have a
• 1:16:04
  crystal ball. But for me, at least, when I
• 1:16:06
  look at the big picture of what's going on, I certainly
• 1:16:10
  feel comfortable owning precious metals.
• 1:16:13
  I feel even more comfortable telling you that I appreciate
• 1:16:16
  you joining us here in the basement.
• 1:16:18
  On behalf of Susie and myself, thank you.
• 1:16:21
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• 1:16:50
  Of course. Thank you.
• 1:16:51
  Right. Hey, good day today in the
• 1:16:53
  silver and gold market. Let's hope it stays up and I
• 1:16:57
  will see you again soon. Thank you.