Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER and Gold Disappearing in March -- Bad Events Incoming 🚨

Transcript

SILVER and Gold Disappearing in March -- Bad Events Incoming 🚨 · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Hey everybody, welcome to Ross Basement and I hope you enjoy my
• 0:03
  daddy show. Are you prepared for financial
• 0:07
  Armageddon in March of 2024? We're going to examine that in
• 0:14
  this video. You hold silver, you hold gold
• 0:18
  to protect yourselves. But what is coming down the pipe
• 0:22
  in March, when added together, could create a very scary
• 0:27
  situation for the US economy for U.S. citizens.
• 0:32
  We're going to dig into it in this video.
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  Maybe it will be a complete nothing burger if you ever
• 0:39
  noticed that in life, a lot of times all these events that get
• 0:42
  built up, built up, built up, wind up being a big nothing.
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  However, when we look at everything going on and we
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  consider all the factors that could contribute to some serious
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  financial woes in this country, it becomes very disturbing.
• 0:59
  Hey, thank you for joining me today.
• 1:01
  You are the most important part of Ron's basement.
• 1:05
  It's a big honor for me. When you choose to give us some
• 1:08
  of your time here in the basement, please subscribe to
• 1:11
  the channel. Give the video a thumbs up.
• 1:14
  Now what's the first thing? And nobody's really talking
• 1:18
  about this is the fact that in March, funding for the federal
• 1:22
  government will run out again. We could be facing another
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  government shutdown. Now we may have a little giggle
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  and say, well, hey, that won't affect us, that won't impact us,
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  but that does have an impact on the US economy, especially now
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  that the government contributes so much to the economy.
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  But nobody's really talking about it.
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  Is it because they just keep kicking the can further and
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  further down the road? Or possibly, could we see a hard
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  stance by maybe the Republicans because this is an election
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  year? We do have Jerome Powell, who
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  was on 60 Minutes the other night talking about how critical
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  this fiscal situation has become in this country with the
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  national debt and the deficits that are being run.
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  So that's just the first big event heading at us in March.
• 2:17
  I want to talk about the next big event, but first we want to
• 2:20
  say thanks to channel sponsor Inbex.
• 2:23
  They really do. Check all the boxes.
• 2:25
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• 2:28
  platinum, do yourself a favor and check out Pinbex.
• 2:32
  I was a customer of theirs before they took on sponsoring
• 2:37
  rons. Basement.
• 2:38
  I think you'll find what I found.
• 2:40
  They've got all the bases covered.
• 2:42
  I think Pinbex is best. And you will too.
• 2:45
  What's #2 coming down the Pike towards us in March?
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  How about the Bank Term Funding program, The bailout program
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  that the Fed and the Treasury cooked up just about a year ago
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  when we had the massive bank failures that were going on in
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  early 2023? A big relief program, bailout,
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  whatever you want to call it. They are terminating that on
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  March 11th of this year, just at a time when the banks find
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  themselves with Treasuries that still aren't worth anything near
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  their face value and a wave of potential commercial real estate
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  defaults headed at the regional banks.
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  We could see another banking crisis here in the next few
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  months. Again, I don't want to be
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  sounding alarms or saying anything that we it will happen
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  for sure, but we're just looking at everything in aggregate
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  that's going on and it doesn't look real optimistic.
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  What else do we have coming in March, early April?
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  How about the feds reverse repo program?
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  That was the program the Fed put in place.
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  It built up a slush fund essentially of $2.5 trillion.
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  The banks had all this extra cash during that little health
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  crisis that we had back in 2020 when the Fed printed 40% of the
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  US dollars that were ever in existence.
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  The banks didn't know what to do with all the cash, so the
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  federal government set up a reverse repo program that
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  allowed the banks to park that cash with the Fed. the Fed then
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  in the last year has been feeding that back to the banks.
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  I like to call it kind of a stealth QE program.
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  The only problem is the fund, the reverse repo fund, had grown
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  to almost $2.5 trillion at one point.
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  Now it is down 80% with only $500 billion left, and there has
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  been a steady, gradual decline. When that runs out, people are
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  wondering because the banks are getting all that cash and using
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  it to buy U.S. Treasuries.
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  Who's going to be the buyer of all these U.S.
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  Treasuries that need to be issued or renewed in the coming
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  year? I'd like to say thank you to
• 5:08
  channel sponsor Fortuna Silver Mines.
• 5:11
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• 5:15
  and gold and does it all around the world, do yourself a favor
• 5:20
  and check out Fortuna, Silver, Fortuna, silver.com.
• 5:24
  So we've talked about three factors, but is there more?
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  Yes, there is. We know the federal government
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  could be facing shutdown. We know the bank term funding
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  bailout program is coming to an end.
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  We know the reverse repo program is running out of money, but
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  what about just the general economy?
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  What do we know there? We know layoffs are going up and
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  up and up. And we mean good jobs that
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  people are getting laid off from.
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  When the new jobs that are being created don't.
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  They all seem to be like part time jobs, Things like
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  delivering Big Macs or or Burger King or Taco Bell.
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  Big jobs are going away. Companies like UPS, companies
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  like Citibank, 6 figure jobs with good benefits and people
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  are having a hard time finding comparable work.
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  But on top of that, we also know that general business activity
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  is slowing down. Most recently we heard from UPS
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  who said that their shipping volume was down by almost 8%.
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  Now, we don't want to be doom and gloom everything, right?
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  And maybe this will all turn into a big nothing burger.
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  But one thing we do want to do is be risk assessors, and that's
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  what we're doing. And when we look at what's
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  coming at us, it sure feels like we could see a confluence of
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  factors that could create some very major events in the month
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  of March, maybe into early April.
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  I know one thing for sure. I'll be here for you through it
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  all. Again, thank you for joining.
• 7:03
  Please subscribe to the channel. Give this a thumbs up and the
• 7:07
  Super thanks are always super appreciated but number one you
• 7:12
  be well and I'll look forward to seeing you soon.
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  The.