Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ** ALERT ** Silver and Gold MAY NEVER See THIS Setup Again!

Transcript

** ALERT ** Silver and Gold MAY NEVER See THIS Setup Again! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Hey guys, welcome to the. Live stream, sorry.
• 0:04
  I'm a few minutes. Late, but we got a lot to talk
• 0:07
  about today. Have we ever?
• 0:09
  Seen such a great. Set up for silver.
• 0:13
  And gold as we head into not just the coming months, but what
• 0:17
  about the coming? Years it is.
• 0:19
  Getting very, very exciting, of course.
• 0:21
  We'll talk about, I mean. Gold is just.
• 0:25
  Blowing. Us all away.
• 0:26
  Remember, we talked about the prospect of $2600 gold?
• 0:31
  In May, I went way out on a limb and made that prediction
• 0:36
  knowing. That it was a pretty far out
• 0:39
  prediction. But does it?
• 0:40
  Feel like to you? Right now that possibly we.
• 0:44
  Could see 26. $100 gold by May. It's starting to feel like.
• 0:51
  More and more of a. Real possibility.
• 0:54
  Well, let's talk about what's. Going on are.
• 0:56
  You broke. Are you broken?
• 0:58
  I'm going to shock you today with some data coming out
• 1:01
  regarding what's going on in America right now and how that
• 1:05
  will impact. The price of precious metals.
• 1:08
  How that will impact this Fiat? What is it?
• 1:12
  Keynesian money system? Fractional Reserve banking.
• 1:16
  However you want to say it however you want to.
• 1:18
  Slice it or dice it. Funny money.
• 1:20
  Make believe money, Disneyland money.
• 1:23
  It's not going to work. And in the end.
• 1:26
  Right. What's always saved people,
• 1:28
  David? Morgan said that to me yesterday
• 1:31
  when I was talking to him. Yes, David Morgan.
• 1:34
  I like to refer. To him as the Master, right he's
• 1:37
  been watching this for. Decades like, he said.
• 1:41
  You know if. History is any.
• 1:42
  Indicator the one thing that's. Always saved people is silver,
• 1:47
  is gold. But are you broke?
• 1:50
  Are you? Broken.
• 1:51
  Let me. Put it to you this way.
• 1:53
  And again, I'm taking this from David Morgan.
• 1:55
  I have an interview with him coming out this weekend.
• 1:58
  Measure your wealth in ounces if you're a.
• 2:01
  Stacker. Are you a stacker?
• 2:03
  I'm a stacker. You're a stacker.
• 2:05
  Wouldn't you like to be a stacker too?
• 2:06
  Right. Hey, measure your wealth in
• 2:10
  ounces. Sorry, I'm getting an error.
• 2:14
  Bear with me technical. Difficulties, OK.
• 2:17
  All right. Sorry about that, guys.
• 2:19
  Measure your wealth in ounces. That's what David Morgan said
• 2:23
  yesterday and doesn't that make sense?
• 2:25
  He said. You know, if you look back to a
• 2:28
  year ago or five years ago, do you have?
• 2:31
  More ounces of silver. I'm asking you right now.
• 2:34
  Do you have more? Ounces of gold do you have?
• 2:36
  More ounces of platinum, whatever.
• 2:38
  Your flavor is that you like maybe all three.
• 2:42
  If you do, then you. Are wealthier.
• 2:45
  We get so distracted, don't we? Basement dwellers?
• 2:49
  Right You. You likely grew.
• 2:50
  Up in the same environment as me where we were conditioned that
• 2:55
  this. Hold on a second, let me get
• 2:56
  this. Yes.
• 2:58
  Remember these things right. Paper dollars are worth.
• 3:02
  Something. Close your.
• 3:04
  Eyes and hold one of these in your hand.
• 3:06
  What is it? Right.
• 3:07
  Nothing. Close your eyes and hold one of.
• 3:10
  These in your hand? That beauty.
• 3:16
  Yeah, American Silver Eagle. OK, just do it.
• 3:19
  Do that sometime and you're going to be.
• 3:21
  Shocked at how you feel because those ounces are.
• 3:24
  What matter that is stored? Energy that silver.
• 3:29
  Could have been mined 1000 years ago, 4000 years.
• 3:32
  Ago 40 years ago 4. Years ago.
• 3:35
  Four months ago. Doesn't matter all the energy.
• 3:38
  That went into getting that out of the.
• 3:39
  Ground is still there, the value still there.
• 3:42
  It's a value battery. Like our good friend bald guy,
• 3:45
  money always says. Right.
• 3:46
  He's the one that introduced me to that, that.
• 3:49
  Concept it stores. Value Thank you Ron McAdams.
• 3:53
  You are so generous. Thank you for the Super Chat.
• 3:57
  Super Chat. All right.
• 4:00
  We got so much to go on. Did you?
• 4:02
  Did You Know? JP Morgan is now calling for
• 4:06
  $2500 gold. We're going to.
• 4:07
  Cover that a little later, OK? But look guys, let me read this
• 4:11
  to you. Look, guys, the world economy.
• 4:15
  Is contracting do you? Realize that right now in.
• 4:19
  Europe, especially the Western countries.
• 4:22
  We have a situation. Where by many.
• 4:24
  Measures, right? They tell us everything's great,
• 4:26
  everything's wonderful, hunky, Dory.
• 4:28
  But the reality is. The world economy, excuse me, is
• 4:33
  contracting while at the same time.
• 4:37
  The level of debt is. Skyrocketing.
• 4:41
  Don't you worry we'll. Look at the debt clock just to
• 4:44
  make sure that it's still. Going up, Contracting the
• 4:46
  economy, Exploding debt levels. OK, and and to make everything
• 4:53
  crazier right now. We have a stock market, right?
• 4:56
  We have a real estate, residential real estate.
• 4:59
  Market that are exploding higher.
• 5:01
  We are in very, very dangerous times right now.
• 5:05
  That's my opinion. I don't have a crystal ball.
• 5:07
  I don't want to be. The sky is falling.
• 5:09
  Guy everything is bad. Everything is necessarily
• 5:13
  horrible, but. You don't want to have your head
• 5:16
  in the sand. I don't want to have my head in
• 5:18
  the sand. We're That's why we Isn't that
• 5:20
  why basement dwellers invest in precious metals?
• 5:23
  To protect ourselves. To protect our wealth.
• 5:26
  That's the reality of what's? Going on Zero Hedge had a
• 5:30
  shocking article out yesterday talking about this with the
• 5:33
  economy. You know, we they keep telling
• 5:35
  us how great the economy is, how wonderful the economy is their.
• 5:40
  Article stated that the Philadelphia.
• 5:42
  Fed did a bunch of analysis and that their that jobs creation.
• 5:47
  Has been overstated by over. 800,000 jobs, you know when you
• 5:53
  strip? Out.
• 5:54
  All the adjustments when you factor in so many.
• 5:57
  People that have left. The workforce when you factor in
• 6:01
  part time. Jobs and all that things.
• 6:03
  Are not all that great out there, but at the same time,
• 6:07
  this is crazy, right? I know you.
• 6:09
  Invest in physical silver, maybe.
• 6:11
  You invest in physical gold. Do you invest in precious metal
• 6:15
  mining stocks? Because I want to show you
• 6:17
  something. This came from our good friend
• 6:18
  Secret Sean. I'm going to.
• 6:20
  Pull this up for you because guys.
• 6:23
  If you're anything and I do, invest in precious metal mining.
• 6:26
  Stocks, this is crazy. This is from looks like Voranoi
• 6:33
  Voranoi. What the heck is that anyway?
• 6:36
  It's from Visual Capitalist says while gold Stocks.
• 6:39
  Hit all time highs, Mining stocks lag far behind.
• 6:44
  Let's just look here real. Quickly, I'm going to make that.
• 6:47
  View a little. Smaller.
• 6:51
  There we go. Wow, that's too small.
• 6:53
  How's that look guys? I think that.
• 6:54
  Looks good gold price. Versus the mining?
• 6:58
  Stocks, this is absolutely crazy.
• 7:02
  Even if you don't invest in the mining stocks.
• 7:05
  You would. Be interested to look at.
• 7:07
  This because what this shows us is that there.
• 7:10
  Is no money in the mining sector right now.
• 7:14
  So if you're. Just a pure physical investing
• 7:16
  person, you know. Why do I?
• 7:17
  Care about mine because when there's no money going into the
• 7:21
  silver mining sector, when there's very little money going
• 7:25
  into the gold mining sector, that means.
• 7:28
  Five years. 10 years down the road.
• 7:30
  There's going to be substantially less.
• 7:33
  Gold and silver coming out of the ground.
• 7:36
  So on this. Chart You see the gold?
• 7:38
  Line which is the. Gold price OK, this starts.
• 7:42
  In the year 2000 and they use that.
• 7:46
  As the as the base. Right, 100 basically.
• 7:50
  OK. Then the blue line shows the
• 7:52
  major mining companies which as you see.
• 7:55
  You know. Kind of kept up with gold.
• 7:56
  Went up with gold. Like what you would expect,
• 7:59
  right? But then around 2013, things
• 8:02
  started to change. The gold price was doing pretty
• 8:06
  well. Right. 400% up basically up
• 8:10
  significantly here. Looks like 700% I'm I I may be
• 8:15
  screwing this up, but I'm sure that I'm not and.
• 8:19
  All the way through today where where you have the gold price.
• 8:23
  Up Almost what? Yeah, it says right there. 100
• 8:27
  is January of 2000, so it. Looks like gold is up.
• 8:30
  What, Almost 800% since 2000 over the last 25 years?
• 8:36
  The mining stocks. Are up maybe 300.
• 8:39
  Percent the mining. Stocks are up 3.
• 8:42
  Eighths as much as less than, half as much as.
• 8:46
  The gold price there is so much value, right?
• 8:49
  Now in the precious metal mining stock sector, it is unbelievable
• 8:54
  right now, but they are coming to life now.
• 8:57
  Look, I don't give investment advice mining.
• 9:00
  Stocks are risky. OK.
• 9:02
  I told you that all the time, but there's risk with
• 9:04
  everything. So don't make any financial
• 9:06
  decisions based on anything that.
• 9:08
  I say, but I do. Understand financial statements.
• 9:11
  I do understand. Market cap.
• 9:13
  I do understand these different relationships, the Hu.
• 9:17
  I the Huey to gold ratio. Everything.
• 9:21
  It's unbelievable the value proposition in the mining
• 9:26
  sector, right? I'll tell you right.
• 9:27
  Now one of the companies. That sponsors my channel Fortuna
• 9:31
  Silver, for instance. They're producing.
• 9:35
  A lot of gold, a lot of silver. In making a huge amount of cash
• 9:40
  flow. 4th 1:45. 1023. They paid off.
• 9:44
  Over $100 million in debt over the.
• 9:47
  Last like 7 or 8. Months.
• 9:49
  They're generating massive cash flow in the market.
• 9:52
  Is just not recognizing this yet, guys.
• 9:54
  Just not recognizing it. Again, I'm not telling.
• 9:58
  You what to do with your money but but.
• 10:00
  When I look at the the precious metal mining sector compared to.
• 10:04
  Let's say the tech sector. Or almost any other sector in
• 10:08
  the overall markets. The value proposition is real.
• 10:12
  OK, you can learn. More about Fortuna Silver at.
• 10:15
  Fortunasilver.com And remember they now actually produce much
• 10:19
  more gold than they do silver. They have extensive operations
• 10:23
  and huge growth opportunities in West Africa, which is very,
• 10:27
  very, very. Exciting.
• 10:29
  Let's talk about. First, mining gold quickly as
• 10:31
  well channel sponsor. Keith Neumeier founded the
• 10:35
  company. They're a development stage
• 10:37
  company with two multi million ounce projects in Canada, one in
• 10:41
  Q1 in Ontario and an interest in four other Canadian gold
• 10:46
  development stage projects. Don't forget the big, big mining
• 10:51
  companies are going to need to replenish their pipelines as we
• 10:55
  move into the coming years. And companies like First Mining
• 10:58
  Gold could be positioned perfectly to help replenish
• 11:03
  those pipelines. You can learn more about First
• 11:05
  Mining Gold at firstmininggold.com.
• 11:08
  OK, long way to run. I'm not saying my, my, I'll just
• 11:13
  tell you my mining stock portfolio has.
• 11:16
  Perked. Up a little bit lately.
• 11:18
  I know a lot of you invest in the mining.
• 11:20
  Stocks as well. I will say this.
• 11:22
  I remember though, the last. 2. Years on Easter Sunday.
• 11:26
  Unfortunately, after Easter Sunday it seemed like the mining
• 11:30
  stocks and the gold and silver price really ran into.
• 11:33
  A rough period is. That going to happen again?
• 11:36
  I mean, what's? Let's go look at the gold.
• 11:38
  Price I can't believe. This.
• 11:40
  Let's go. Let's run out to pin backs.
• 11:44
  Here we go. 2200 and. 35. Dollar Gold Unbelievable silver
• 11:54
  over $25.00 an ounce. Gosh, guys, what do we say
• 11:59
  right? I mean, it's going to be an
• 12:00
  interesting hold on Susie's calling me, yes.
• 12:04
  Well, you know it's closed today the market.
• 12:08
  Yeah, I know the market's closed today.
• 12:11
  Thank you, though. But I don't know if Susie's
• 12:15
  right or not. She.
• 12:15
  Usually is, but I would. Think that the metals markets
• 12:19
  might be open today? Although I could have that
• 12:22
  wrong. Obviously the major stock
• 12:24
  markets are closed today. Somebody tell us in the in the
• 12:27
  chat whether the gold and silver are trading right now.
• 12:31
  This is. Showing us that so.
• 12:36
  All right, guys. More to go into here.
• 12:39
  Why is debt important to you? This debt problem that we have
• 12:43
  in the country. Why as a silver and gold?
• 12:46
  Investor, should you be very? Concerned.
• 12:49
  Very interested in what's going on because all that debt,
• 12:53
  remember this, remember, Extras. Pyramid.
• 12:55
  OK, all that debt. Is.
• 12:58
  Piled up on top of. Gold and silver, that's why.
• 13:03
  That's why when when you. Look at the US debt clock
• 13:06
  basement dwellers. And you see that number just
• 13:09
  continuing to go up and up. It is important, OK, I know I
• 13:14
  understand, right? Like every normalcy bias,
• 13:18
  recency bias, I don't know which one it.
• 13:20
  Is right. Whatever.
• 13:21
  Normalcy we we think, oh, it hasn't been a problem yet.
• 13:24
  It's never been a problem. Hey, I'm 54 years old.
• 13:28
  I don't. Really ever remember like a?
• 13:29
  Serious big debt. Problem in this.
• 13:33
  Country like where we had. Big consequences, but it is
• 13:36
  coming the mathematics. And why does it matter?
• 13:39
  To silver Why does it? Matter to gold because all that
• 13:42
  debt and on. Top of all that debt, right?
• 13:45
  Are all. These even more unfathomable
• 13:50
  numbers, quadrillions of derivatives based upon that
• 13:54
  that. Warren Buffett said that the
• 13:56
  derivative market is the equivalent of like.
• 14:00
  Financial atomic bombs that can destroy everything.
• 14:03
  So it does matter. It does matter.
• 14:06
  The value will eventually mathematically be manifested in
• 14:12
  the. Price of that.
• 14:13
  Ounce of silver you very well may have in your hand right now,
• 14:16
  right? Or that ounce of gold.
• 14:18
  If that's your thing. Or platinum.
• 14:20
  It will. It will.
• 14:23
  OK. That's the reality.
• 14:25
  That's the. Reality and what?
• 14:26
  News Did we get? I'm going to run out and and
• 14:29
  take a look at this because now even our friends in the
• 14:33
  government. This comes from Zero Hedge.
• 14:37
  OK. Here headline.
• 14:42
  The CBO director warns of debt market met meltdown with U.S.
• 14:46
  debt on OK, thank you on unprecedented trajectory.
• 14:53
  We got 100 likes I. Forgot to get the packet.
• 14:56
  Pinger out. So I'm going to do the old
• 14:57
  traditional bell. Those of.
• 14:59
  You who don't like bells. Please close your ears.
• 15:02
  I'm going to ring the bell 10 times because we got the 100
• 15:05
  likes right and this is a community.
• 15:07
  We like to have little. Traditions.
• 15:10
  Rituals. It's time for the bell.
• 15:13
  Ritual. 123456789 10 and that's for all of.
• 15:20
  You thank you guys. For being here.
• 15:21
  Hey, before I forget, we're going to dig into.
• 15:23
  This article Please give this. A thumbs up.
• 15:26
  Please subscribe to the channel. You're always welcome in the
• 15:30
  basement and we're always going to have fun and we're always
• 15:33
  going to talk about. Silver and gold.
• 15:35
  You are a basement dweller. OK, all right.
• 15:38
  When you're here in the basement, you're part of a.
• 15:40
  Clan so welcome and Oh yeah, super.
• 15:43
  Chads are super appreciated, never expected please.
• 15:46
  Never donate any money that you can't afford.
• 15:49
  Don't put it on a credit card or you know that you're not going
• 15:52
  to pay off every month. You know I am against that, but.
• 15:55
  Super chats are super appreciated.
• 15:57
  We don't want to. Add to the CBO Director's debt
• 16:00
  market. Meltdown debt warning that he's
• 16:02
  giving us. I just want to run down.
• 16:04
  Here because I am prepared today 0.
• 16:09
  Hedge has been talking about this for months and months.
• 16:11
  They were the first ones to bring up the fact that the US is
• 16:14
  now adding one trillion in debt every 100.
• 16:18
  Days or about three months. But.
• 16:20
  This. Is where it gets interesting.
• 16:22
  Here we go. This is what the.
• 16:25
  The Director of the Congressional.
• 16:27
  Budget Office Philip Swaggle listen to this.
• 16:30
  Issued a stark warning that the United.
• 16:33
  States could suffer a similar market crisis.
• 16:35
  As seen in the United Kingdom 18 months ago.
• 16:40
  Remember that, guys? You may have forgotten about
• 16:42
  that, but they had a big debt crisis that was.
• 16:45
  During former prime Prime Minister Liz Tress's brief stint
• 16:49
  leading Britain. Which, briefly sent, yields.
• 16:53
  On their bonds, I forget what their column column over There's
• 16:56
  a funny name Soaring, sparked a run on the pound and LED to an.
• 17:01
  Immediate restart. Of quantitative easing?
• 17:04
  Boy, we haven't heard. That word in a while.
• 17:07
  By the Bank of England and a bailout of various pension
• 17:10
  funds, not to mention the almost instant resignation of trust.
• 17:15
  Yeah, she didn't last long, citing the nation's
• 17:18
  unprecedented fiscal. Trajectory guys.
• 17:21
  That's our director, right? Yeah, the director of the.
• 17:25
  Congressional Budget Office telling us warning us.
• 17:29
  Look at this. I mean, look.
• 17:31
  At this look at this. Chart down here I mean.
• 17:37
  Hold on, let me pull this up, OK?
• 17:41
  Here we are now, federal. Debt Debt held by the.
• 17:44
  Public federal debt held held by the public increases each year
• 17:49
  in their projections, swelling to an all time record of 116% of
• 17:54
  GDP. By 23rd 34 I mean look.
• 17:57
  At these debt levels, it is just it, it's.
• 18:00
  Completely, completely on. Hey there.
• 18:05
  Hey there you are. Good to see.
• 18:07
  You completely unsustainable, you know.
• 18:09
  What? It's a double dip.
• 18:10
  Day I'm going to tell you one more time, I.
• 18:12
  Appreciate you being. Here, yeah, we call each other
• 18:15
  basement dwellers, but. Really.
• 18:17
  It's you, right? It's YouTube.
• 18:19
  It's a big deal. You're here.
• 18:21
  I hope you enjoy your time that you get to spend here in the
• 18:24
  basement because you are important.
• 18:25
  You can be an important part of this community.
• 18:27
  There's a lot of nice. People here, if you subscribe,
• 18:30
  you're able to leave. Comments.
• 18:32
  OK, but I just want you to know it's a real honor for me.
• 18:36
  That you're part of this group, you're part of.
• 18:38
  This channel, and I appreciate you being here.
• 18:40
  Enough of the niceness. One of our fellow basement
• 18:43
  dwellers brought up something very interesting.
• 18:45
  About Fox. Business.
• 18:47
  He emailed me twice this morning.
• 18:49
  He actually called Fox. Business he was a little.
• 18:52
  Upset, as I understand it. Because Fox Business.
• 18:55
  Is not even showing the gold price like on their ticker
• 18:59
  anymore? I don't know.
• 19:00
  I didn't have time to. Research it myself, but
• 19:02
  apparently he was like like talk to.
• 19:05
  Somebody there and was like how can you not be showing?
• 19:08
  The gold price. When we are at all time highs.
• 19:12
  So I'll keep you posted. On that and Bob, I'll encourage.
• 19:15
  You to keep me. Posted on your communications
• 19:18
  with. Fox Business, Because that is a
• 19:20
  little crazy, wouldn't you say guys like.
• 19:22
  They aren't showing the gold. Price Hello Gold is at all.
• 19:26
  Time. All time.
• 19:28
  All time. Highs OK.
• 19:31
  Everybody's broke. Are you broke?
• 19:34
  Are you? Out of money.
• 19:35
  Everybody's broke. OK is.
• 19:40
  This entire Unicorn fart dust. I've said it once today.
• 19:44
  One of our favorite words. Paper money.
• 19:47
  Electronic money. Money Printing.
• 19:49
  Funny money. Money.
• 19:50
  Based. On nothing.
• 19:51
  Money for nothing. Right.
• 19:53
  Is it all about to? Implode And what will that mean
• 19:58
  for? The price of silver and gold.
• 20:01
  I'm going to bring up a chart. For you.
• 20:03
  Hold on. Here, there we go.
• 20:07
  Take a look at this guys. OK, this is crazy.
• 20:12
  This. Is from the Saint Louis Fed my.
• 20:13
  Local Fed office put out this chart.
• 20:17
  This shows personal interest payments.
• 20:20
  OK. If you look at.
• 20:21
  This and and somehow that was on there when I took the
• 20:24
  screenshot. But if you look at.
• 20:26
  Personal interest payments and billions.
• 20:29
  Of dollars. Hold on here, I need to enlarge
• 20:31
  it on my screen. OK.
• 20:34
  And you? Look at like 2. 1020 and then
• 20:37
  you. Look at.
• 20:39
  Down here is around 2020. That was about two. $150
• 20:45
  billion. Look at what has.
• 20:47
  Happened. It is unbelievable, this.
• 20:50
  Is like the last three. Years.
• 20:52
  I don't know if you can see my arrow on on the far right side
• 20:56
  of the screen. That hockey.
• 20:58
  Stick increase in personal Interest payments.
• 21:03
  Again, this is from. Fred, which is the Federal
• 21:06
  Reserve? And the Saint Louis Fed.
• 21:08
  This is unsustainable because you know.
• 21:11
  Why? What's critical about this?
• 21:13
  Income is not increasing at the same level, OK, It's not
• 21:18
  working. You can't let me just.
• 21:20
  Ask you a. Question as an individual.
• 21:24
  If you right those that chart you just saw.
• 21:28
  That hockey stick, That incredible increase in personal
• 21:31
  interest payments? OK, if you are paying more in
• 21:36
  interest, more and more and more and more and you're borrowing
• 21:40
  more money. Does this sound familiar At some
• 21:43
  point? Do you realize that if you're?
• 21:45
  Spending more than you bring in, you're going to go bankrupt,
• 21:48
  right? And that's collectively what is
• 21:51
  going on. Excuse me, right now in our
• 21:54
  country it's a. Scary.
• 21:55
  Scary. Situation and it's not just with
• 21:58
  individuals think about. The think about.
• 22:00
  Businesses that are borrowing money, right, They're in the
• 22:04
  same situation. This is not a not going to end.
• 22:08
  Well, high interest rates. Aren't going away.
• 22:12
  OK, they aren't. I'm sorry to be the one to break
• 22:15
  the news to you. I am of the and I know it's.
• 22:17
  I'm not popular. When I say this, I don't.
• 22:20
  Think the Fed is ever? Going to lower rates, well, I
• 22:23
  don't think the Fed is going to. Lower rates at the schedule.
• 22:27
  That everyone is expecting and that's OK because when people.
• 22:31
  Realize that the. Fed can't lower.
• 22:33
  How can they? Lower rates, right, All the debt
• 22:36
  that's out there? People aren't going to buy it.
• 22:39
  People aren't going to buy. The 34.
• 22:41
  Trillion. I think 10 trillion of it needs
• 22:43
  to be refinanced this. Year countries aren't going to
• 22:47
  buy it if you're We used this example yesterday.
• 22:49
  Make believe that. You basement dweller are a.
• 22:53
  Somebody in the Middle East that pumps oil.
• 22:55
  Out of the ground and you sell. It for U.S. dollars.
• 22:59
  OK, What are you going to do? What are you going to want to do
• 23:02
  when? You get that big pile of
• 23:03
  dollars, you get. $1,000,000 and you got it in your hand.
• 23:06
  What? Are you going to do with it?
• 23:07
  Are you going to hold it in cash?
• 23:10
  Are you going to buy? U.S.
• 23:11
  Treasuries your. Accountants.
• 23:14
  Anyone with a calculator can look at what's going on in the
• 23:18
  United. States we're in a spiral.
• 23:20
  I don't want to be we. Are.
• 23:23
  It's mathematically impossible. We are in a spiral type
• 23:26
  situation, barring some miracle or some new rules of
• 23:30
  mathematics, right? So are you going to put?
• 23:33
  That money into U.S. Treasuries.
• 23:35
  You know, loan it to the United States.
• 23:37
  No, you're going to put it into something real or or the
• 23:40
  tendency. Is going to be to put more and
• 23:42
  more of it into something real. That's what's going on, right?
• 23:46
  Now. They aren't going to report.
• 23:48
  It on Good Morning America. I got news for you.
• 23:51
  They. Aren't going to report.
• 23:52
  It on your local What's here in Saint Louis?
• 23:55
  I think we still have a. Newspaper, the Post, Dispatch,
• 23:57
  whatever. They aren't going to report it
• 23:59
  in the Chicago. Tribune They're going to report
• 24:01
  it in the New York Times. No, they don't even talk about
• 24:04
  it, right. The presidential candidates, it
• 24:06
  doesn't, doesn't even exist. They don't even have to worry
• 24:10
  about. It and this is not.
• 24:11
  A political show, but neither of the political.
• 24:13
  Parties want to talk about. What's?
• 24:15
  Really going on. It's going to happen.
• 24:18
  These high interest rates are not going away.
• 24:21
  They're going to have. To be high.
• 24:23
  In order to incentivize. People to buy the.
• 24:25
  Debt. And it's not just government
• 24:27
  that it's going to be corporate debt, personal debt, and at the
• 24:31
  same time, right at the same time.
• 24:34
  Real. Value in the US dollar will
• 24:37
  continue to go down. I'm not talking about nominal
• 24:40
  value. I'm not talking about comparing
• 24:43
  the US dollar to the Japanese yen.
• 24:46
  Or the OR the euro. They're all a bunch of crud.
• 24:49
  OK, I use the CRUD. Word.
• 24:54
  Do you agree with me? Right.
• 24:56
  Oh the. Dollar's strong against the.
• 24:58
  Euro Well, that's like. You know, comparing my, I don't
• 25:04
  know, pole vaulting abilities and I got news for you.
• 25:08
  I'm 54 years old and I'm not a. Good pole vaulter.
• 25:12
  To my buddy Sean, who's on the live stream this morning.
• 25:16
  I know he can't pole. Vault Where?
• 25:17
  The Where the Where the CRUD Either We're talking about real
• 25:21
  value. Real value.
• 25:24
  OK, what is it really by? I'm going to give you a great.
• 25:27
  Example. Put your thinking cap on.
• 25:29
  I, I I'm tempted. OK, I'm tempted.
• 25:33
  I'm going to give you a real example.
• 25:36
  Hold on a second. Sorry, I'm not prepared.
• 25:39
  Bear with me for just one second.
• 25:45
  Darn it. Here it is.
• 25:47
  This will work. Hold on.
• 25:51
  I saw it in here too. Hey.
• 25:56
  Don't forget this is not what I want to show you.
• 26:00
  But we are still in a wedgie for the silver price.
• 26:07
  Oh. And it's going to break.
• 26:08
  Out OK real value this my. Friends is a chart this this is
• 26:15
  going to blow you away. Of the Dxy.
• 26:18
  That's the dollar index. That's when you're watching CNBC
• 26:21
  and reading the. Wall Street.
• 26:22
  Journal, they're going to say. Oh, yeah, The dollar strong, The
• 26:26
  dollar strong, right. OK.
• 26:29
  Yeah, the dollar, that's comparing the dollar like I
• 26:32
  said. That's like my pole vaulting
• 26:34
  skills versus my buddy Sean's. We both stink at pole vaulting.
• 26:38
  OK, so that's what this. Is.
• 26:40
  I want you to notice something here.
• 26:42
  OK, back in 19. 85 the dollar was.
• 26:47
  Stronger than it is today according to this measurement,
• 26:51
  the Dxy index. The think about that in 1985.
• 26:56
  CNBC, Wall Street Journal They would tell you, oh, the dollar
• 27:00
  was. Strong look it was 120, the Dxy
• 27:03
  index. Today, last I looked it was
• 27:06
  like. What, 103104?
• 27:08
  OK. So the dollar is, is, is.
• 27:12
  Pretty much at the same. Level that it was back.
• 27:15
  Then, OK, but that's just a nominal ratio.
• 27:20
  Type terms. I want you to think about
• 27:21
  something if you. Used How much more could you get
• 27:25
  at a grocery store? In 1985 with $100 compared to
• 27:30
  what you can get. Today I would say you could get
• 27:32
  3. Times as much back then.
• 27:35
  Right. As you can get now.
• 27:38
  OK, but they're trying to tell. You basically that the dollar.
• 27:42
  Is just as strong now. As it was back.
• 27:45
  Then yeah, back then. Does that make sense?
• 27:49
  Right. They're gonna tell you that.
• 27:51
  Oh, that. According to the DXY, the dollar
• 27:55
  is. Let me look at this.
• 27:57
  One more quick thing, OK. Look at, let's say.
• 28:00
  Around that was probably, I don't know, the mid. 90s the
• 28:04
  dollar was really. Weak, probably down around 90,
• 28:08
  down in this period in the mid 90s.
• 28:11
  OK. All right.
• 28:12
  So that means that the dollar now is substantially stronger
• 28:16
  than it was in the mid 90s. How can that be the?
• 28:20
  Dollar stronger now than it was in 1992, according to the DXY
• 28:25
  Index. OK, well I would rather.
• 28:29
  Be going to the grocery store with $100 in 1992, then today
• 28:33
  we're talking about. Real value.
• 28:35
  Real, real value. The only option?
• 28:38
  Let me get back to my notes here.
• 28:41
  OK, nobody wants to loan the USA money unless it's going to be at
• 28:45
  a higher rate. The only.
• 28:47
  Other option, I got news for you.
• 28:48
  There's a secret. Option.
• 28:50
  OK, OK, there's a secret. Option hold on the only.
• 28:53
  Other option is this guy. Hey there he is.
• 29:03
  He came out of his box right? Right.
• 29:06
  Jerome. That's the only other option.
• 29:09
  He'll print money, right? There he is with his.
• 29:11
  Unicorn. He'll make Unicorn.
• 29:13
  Fart dust right? To pay the debt off no matter
• 29:18
  how you slice it or dice it, guys.
• 29:20
  No matter how you. No matter how you adjust the
• 29:23
  smoke or the mirrors. Right.
• 29:25
  The value of the dollar, unfortunately, because of poor
• 29:29
  decisions, not. By our founding fathers, they
• 29:31
  happen to write Silver and Gold. Into the US Constitution, but
• 29:35
  because of poor, poor finance because of what happened in 19.
• 29:40
  71 When Richard Nixon decided, oh, we'll take us off the gold.
• 29:44
  Standard, right? And all the mismanagement that
• 29:48
  has occurred subsequent to that, like the only option they have
• 29:52
  at this point is basically to print print money.
• 29:56
  I mean, that's it. I don't know.
• 29:57
  Is there another option you tell me and eventually?
• 30:00
  That dilutes the value of. The currency dilutes the value.
• 30:06
  Of the dollar, just like it's. Been diluted in real terms like
• 30:09
  I showed you on that. Chart Right, Let's say.
• 30:12
  Since 1990. Three through today, right?
• 30:15
  The dollar, supposedly. Stronger today than it was in
• 30:18
  1993. OK, you're going to tell.
• 30:21
  Me that I can take. This.
• 30:23
  Back in 1990. 3:00 I could probably actually.
• 30:26
  Get something with this one, Paper Unicorn Fart Desk dollar.
• 30:31
  I can't get that today. The dollar.
• 30:34
  It's about real value. And the real value is not doing
• 30:37
  well. Let's see.
• 30:38
  Let's go out here. Let's just see if CNBC had
• 30:41
  anything to say about this situation.
• 30:47
  Oh yeah, don't worry, we're not going to dig in too deep.
• 30:50
  Even CNBC saying don't sweat the prospect of no Fed rate cuts, an
• 30:57
  economist says. Markets will still March.
• 30:59
  Higher markets will continue to rally, even if the Federal
• 31:03
  Reserve. Chooses not to cut interest.
• 31:05
  Rates this year. According to Stephen Blitz, TS
• 31:08
  Lombard's chief economist, they can't cut rates, right?
• 31:12
  They can't cut rates because nobody's going to buy the debt.
• 31:15
  At the lower. Rate level.
• 31:16
  That's my opinion. I could be dead wrong, OK?
• 31:21
  They can't raise rates either significantly.
• 31:25
  They can't make a significant move down or up.
• 31:27
  They can't. Raise rates either because.
• 31:30
  That will implode the the the system.
• 31:34
  OK That will implode the everyday people like you.
• 31:38
  Remember the personal interest rate.
• 31:40
  Chart I showed you earlier. Right.
• 31:42
  Remember the banks. Right, if rates do.
• 31:45
  Go up significantly. They're already.
• 31:48
  Deeply underwater bond portfolios go even deeper
• 31:53
  underwater. Remember the BTFP, the bank term
• 31:56
  funding program? Then we would.
• 31:57
  Have to have BTFP Part 2 but they would.
• 32:01
  Call it something else, right? Don't forget what's going on in
• 32:04
  commercial Real. Estate everywhere we look guys
• 32:07
  there are there are there, there is trouble.
• 32:10
  On the on the horizon. OK, JP Morgan, our friends at JP
• 32:16
  Morgan. Hold on.
• 32:20
  OK, I'm back right on. OK.
• 32:24
  JP Morgan. Yes, that.
• 32:26
  JP Morgan, The same JP Morgan that's been convicted of
• 32:30
  manipulating the silver price and gold price found guilty Jail
• 32:36
  sentences, right? That JP Morgan.
• 32:39
  They still have the nerve, the nerve to try to talk to us about
• 32:43
  silver. And go maybe.
• 32:44
  We should listen to him. Maybe they're going to spoof the
• 32:47
  price. Hey, this is good news for you,
• 32:50
  Silver and Gold investors. And then we're going to get into
• 32:52
  their prediction and I got to give.
• 32:54
  Credit to Rick Rule because that's.
• 32:56
  Where I learned this from OK, he made a he made.
• 32:59
  A Earth. Shattering statement in my
• 33:01
  opinion, about the silver price and.
• 33:04
  About the gold price. And we're going to get to that
• 33:06
  next. Oh, I got to ring the.
• 33:08
  Cowbell, OK. 200 thumbs up. Again, one of our rituals that
• 33:13
  we do here if you don't like. Bells guys, if you're new, you
• 33:16
  don't like. The bells, they hurt.
• 33:17
  Your ears or your feelings? We all have feelings.
• 33:21
  I understand. I ring the bell for you.
• 33:23
  Because we got 2. 100 thumbs We ring it one more time for our
• 33:33
  friend Jake. Hey, thank you to all the
• 33:35
  moderators for being here. Guys, do me a favor.
• 33:38
  I want you to participate. Basement dwellers.
• 33:40
  Let's all type 88888 for those that moderate, because those
• 33:46
  that moderate are great. And help the channel make what
• 33:48
  it is we. Also have Big Tim the
• 33:51
  Silvershire Who's. Joined us as a moderator.
• 33:53
  I don't think I officially announced that and he actually
• 33:57
  connected me with David Morgan as.
• 33:58
  Well, so thank you Big. Tim I know Annie's often.
• 34:01
  Here sassy silver. Jake from Jake's Custom.
• 34:05
  Parts and Craig so thank. You to all the moderators, I
• 34:09
  want to say. Thank you before I forget.
• 34:13
  To my wrong finger sponsor Pinbex.
• 34:17
  All right, look, I never. Tell you what to do.
• 34:21
  I will make recommendations and I would recommend that if you
• 34:25
  are in the market and you're going to.
• 34:26
  Buy silver, gold, or. Platinum online from an online
• 34:30
  bullion dealer. Do yourself a big, big favor.
• 34:34
  Check out. Pimbex, right?
• 34:36
  If you want to get what I think are the most competitive prices,
• 34:41
  If you want a company you can trust, right?
• 34:43
  A company you can develop a relationship with and you want
• 34:47
  great selection. I believe Pimbex got the right
• 34:50
  hand, checks all the boxes. OK, you can check them out at Pi
• 34:56
  MB E xpimbex.com and if you ever want to convert part or all of
• 35:00
  an IRA again. Talk to the guys at.
• 35:03
  Pimbex, you'll find. What I found is that you'll get
• 35:07
  more metal for your money at Pimbex.
• 35:10
  It's hard for me to remember that I always want to mix that
• 35:12
  up. More metal for your money at
• 35:15
  Pimbex. Where was I?
• 35:16
  Oh, JP Morgan. Yeah, that JP.
• 35:18
  Morgan and I was on A roll about a rant.
• 35:22
  Oh, Rick rule, I almost forgot. I apologize.
• 35:24
  Basement. Dwellers, What did Rick rule?
• 35:26
  Say, about price manipulation, I'm going to get my barrel
• 35:32
  Monopoly money right? OK, All right.
• 35:38
  I'll talk about the barrel in a minute.
• 35:41
  Rick Rule. Said something very, very, very
• 35:46
  exciting for you as a silver and gold investor.
• 35:49
  He brought up the point buried in an interview that he did
• 35:53
  months ago, but I've uncovered. It for you, right?
• 35:57
  Because we like to talk about good.
• 35:59
  Things about silver and gold. He said, he said.
• 36:03
  If I remember. What he said, correctly, he.
• 36:06
  Said that those same guys that have manipulated down.
• 36:11
  The price of silver. For the last number of decades,
• 36:14
  they're traders, they don't really care.
• 36:16
  They would typically manipulate the price down, down, down.
• 36:21
  Because. Because that was the path of
• 36:24
  least resistance. When we get into a new era and
• 36:28
  do you believe? I believe.
• 36:30
  That we're in a new. Era A new weather pattern.
• 36:33
  The tide has. Turned for the precious metals
• 36:36
  we know the. Tide has turned for gold.
• 36:39
  Can you feel? Feel it?
• 36:41
  Yes, absolutely. Sorry, my daughter's just
• 36:43
  screamed upstairs. I think they won a game of
• 36:45
  Fortnite or something. Anyway, I.
• 36:47
  Believe. That the tide has turned gold.
• 36:50
  Has turned silver always follows three to four months later,
• 36:54
  right? So if gold.
• 36:55
  Continues, and I believe it will.
• 36:58
  And if Silver then does start to follow those same manipulators
• 37:02
  that were happy to. Push the price down will be just
• 37:05
  as. Happy to manipulate the price.
• 37:07
  Up. And that might just include some
• 37:10
  people at JP Morgan, since they have been.
• 37:12
  Accused. And I believe convicted several
• 37:15
  times of price manipulation in the precious metals.
• 37:20
  Market right we. Know that the futures markets,
• 37:23
  one of the reasons they established them for silver and
• 37:26
  gold was to induce volatility to frustrate individual.
• 37:30
  Are are days of frustration. Over.
• 37:33
  Can you accept? The fact that we could possibly
• 37:36
  see very well see right a long term years.
• 37:41
  Maybe even a decade or longer bull market.
• 37:44
  And I mean when you. Look out, let me ask you this.
• 37:46
  Question when you look out 10 years from now.
• 37:51
  When you think about life. 10 years from now and you look at
• 37:55
  what's going on. Just just fiscally.
• 37:58
  In this country, I mean. How can I I I?
• 38:01
  Me, I can't. Maybe you can, but I can't
• 38:04
  imagine a scenario where the value of real metal.
• 38:10
  Even with silver. Even if.
• 38:11
  You just look at it as an industrial metal, which is not
• 38:14
  just an industrial metal, it is also I can't imagine a scenario
• 38:19
  where we don't have. Higher prices it just.
• 38:22
  Doesn't. It doesn't compute.
• 38:23
  It doesn't make sense. OK, but JP Morgan had.
• 38:26
  This to say, 25. $100 gold Let. Me read this to you.
• 38:30
  Now JP Morgan's analyst. Expect gold prices to scale.
• 38:35
  2500. Dollars an ounce This.
• 38:37
  Year JP Morgan Commodity Research Analyst Natasha Kaniva
• 38:45
  Natasha Kaniva When I say that, it kind of reminds me of Evel
• 38:50
  Knievel. But anyway, set to Bloomberg.
• 38:55
  Yeah, Evel Knievel jumped high in the air.
• 38:57
  And that's what. The gold price.
• 38:58
  Is going to do well anyway, Evel Knievel told Bloomberg that
• 39:02
  reaching 2500. Dollars is possible after
• 39:06
  scaling a record high of. 2195. Last week, however, however, she
• 39:13
  added that $2500 gold price requires the US labor and
• 39:18
  inflation. Data to be moderate in upcoming
• 39:22
  months, so she's saying they need inflation to come down and
• 39:27
  employment data to come down, which would accelerate US
• 39:31
  interest. Rate cuts.
• 39:32
  I don't agree with you, Natasha Evel Knievel.
• 39:35
  I don't. I don't.
• 39:37
  I don't think we need that. You know what we need?
• 39:39
  Natasha, I'm going to show you in one second.
• 39:41
  The Federal Reserve is widely expected to commence policy
• 39:45
  easing this year. Oh, no joke.
• 39:47
  Everybody's talking about two to three cuts.
• 39:49
  Blah blah blah not going to happen.
• 39:51
  And boost the appeal of gold futures.
• 39:56
  Let me. You know what?
• 39:58
  It's tradition. I'm going to see is the maybe.
• 40:03
  I'm boy. I feel really foolish.
• 40:05
  Maybe. Gold and silver aren't trading
• 40:07
  today. Seemed like gold and.
• 40:09
  Silver usually traded. On like Good Friday other, but
• 40:14
  maybe I'm wrong. All right, let's.
• 40:16
  Go let's go show Natasha you book and evil.
• 40:20
  Why? None of it matters.
• 40:24
  We got to check guys. What?
• 40:26
  What is this art deck? Truth and Accounting.
• 40:31
  You're Susie They're. Not.
• 40:33
  Oh, they're not. OK, they're not.
• 40:36
  There it is. US tech clock.
• 40:38
  All right. So gold and silver are not
• 40:42
  trading. That would explain why the price
• 40:44
  has not changed during the course.
• 40:46
  Of the show 34 trillion 600, we just got the 30.
• 40:50
  Four. We've only added 10 billion in
• 40:52
  the last day. You know what?
• 40:54
  I need to start writing this down.
• 40:55
  Hold on, hold on guys. I'll start writing it down for
• 41:00
  us, OK? 34 six.
• 41:07
  That's why, Natasha, That's why. Look at this guys this.
• 41:12
  Is why it doesn't matter what happens with employment data.
• 41:16
  That's why it doesn't. Really matter what happens with
• 41:19
  what else? Oh, inflation.
• 41:21
  OK, what's going to happen? I'm going to.
• 41:24
  Tell you what I. Think is going to happen.
• 41:27
  What is going to happen is that inflation is going to continue
• 41:32
  upward. There is no way oops around it.
• 41:37
  It's. There's none.
• 41:38
  There's not a the. Real value, like we talked about
• 41:41
  it, the US dollar. Will continue downward.
• 41:44
  Prices will continue up. Continue up.
• 41:47
  Continue up. OK, here's prices continue up.
• 41:51
  They're down here now. Rates are at 5:00.
• 41:53
  Percent inflation's at. 3%, yeah, we believe that, but we'll
• 41:57
  make believe that we believe it because.
• 41:59
  We're good citizens and whatever the government.
• 42:01
  Whatever the TV tells us, we believe.
• 42:05
  Whatever. They say on the children's news
• 42:07
  Network, CNN, Oh yeah. Don Limon said it.
• 42:11
  I know he's not on there anymore.
• 42:13
  Or what's that other guy I? Don't know anyway.
• 42:17
  The Gray haired guy Here's this, this this is the.
• 42:22
  Interest rate, The inflation is going to keep going up.
• 42:25
  Evel Knievel, Natasha, right? And when it.
• 42:28
  Gets to be about here, OK? They can't raise rates.
• 42:32
  Anymore. Because.
• 42:33
  This they they raise rates. That means bye bye banking
• 42:37
  system, bye bye U.S. Treasury market.
• 42:40
  Bye. Bye.
• 42:41
  OK, It's too big, right? That that makes.
• 42:44
  That makes. The whole circle circle I'll say
• 42:49
  circle J. Circle J get worse, right?
• 42:51
  The government has to borrow more money just to pay the
• 42:55
  interest. the Fed has to print more money.
• 42:58
  So they're not going to raise rates, but as that inflation
• 43:00
  gets up there and when it gets? To be about here.
• 43:02
  That's when your neighbors start waking up.
• 43:04
  OK, you're smart neighbors when it gets.
• 43:06
  To be about here. That's when your dumb neighbors
• 43:09
  start waking up. When it gets to be up here,
• 43:11
  that's when. Everybody's talking about.
• 43:13
  Silver and gold. And that's when you might
• 43:15
  consider right converting when it gets way up there, right?
• 43:20
  Right. Everybody's talking about.
• 43:22
  Silver and gold, and there's lines and and you go online to
• 43:25
  buy silver and gold and they're telling you how it's going to
• 43:27
  take eight weeks so we can ship it to you in premiums.
• 43:30
  Are quadruple what they? Are now I'm not.
• 43:33
  I don't have a crystal. Ball Don't make any financial
• 43:36
  decisions based on anything I say.
• 43:38
  OK, right. I mean, I'm a guy in his
• 43:40
  basement with a wooden barrel pretty much right that I want to
• 43:44
  fill with constitutional silver because one ounce coins won't go
• 43:48
  in there. But none the less, when it gets
• 43:50
  up there, that's when you might want to consider converting some
• 43:54
  all right, and then maybe some other.
• 43:55
  Real assets. It's going to be interesting to
• 43:57
  see. How it all plays out, It's a big
• 43:59
  deal. To me, you.
• 44:01
  Are a big deal you. Are important be.
• 44:03
  Nice to yourself the best. You can trust me, all right.
• 44:08
  Be nice. To yourself.
• 44:09
  You deserve it. I deserve it.
• 44:11
  We all deserve. It and when we're nice to
• 44:13
  ourselves, when we. Start there.
• 44:15
  It's a really. Great foundation, kind of like
• 44:17
  owning some silver or gold, it's a really great foundation for us
• 44:20
  to go out and be nice to other. People.
• 44:23
  Thanks for being here on behalf of myself and Susie.
• 44:26
  Have a great. Easter weekend.
• 44:29
  OK, I'll probably be back on tomorrow.
• 44:32
  But we'll look forward. To seeing you soon.