[SPEAKER_00]: Hello there, Merry Christmas everybody, and thanks for joining this space on the day after Christmas.
[SPEAKER_00]: Those of you who may be celebrating Boxing Day, this is a holiday, but the markets in the U.S. are open.
[SPEAKER_00]: They were closed in many English speaking countries, but the big press this metals rally started.
[SPEAKER_00]: early in Asia has has been the case and if you've been listening to my podcast regularly and if you haven't been, you should be.
[SPEAKER_00]: But every week, every Friday, I have basically been pounding the table for my listeners, not to wait for Sunday night to buy more gold and silver or platinum, but to do it right away, because I've noticed the pattern of big rallies that start Sunday night each week when Asia opened for trading.
[SPEAKER_00]: Now this has been the biggest rally that we've had of the bull market.
[SPEAKER_00]: It really is an incredible move, but I think that it's going to be out done.
[SPEAKER_00]: This is not the last big move, but right now, I think Platinum's actually the star of the day.
[SPEAKER_00]: It's almost 8%.
[SPEAKER_00]: It's an all-time record high for Platinum.
[SPEAKER_00]: is trading now above 2,400.
[SPEAKER_00]: Silver is pretty close.
[SPEAKER_00]: Silver is up more than 7%.
[SPEAKER_00]: It's up $5.23 right now.
[SPEAKER_00]: It's trading at about $77.10.
[SPEAKER_00]: That's $9 higher than it was when I did my last podcast a week ago.
[SPEAKER_00]: A week ago.
[SPEAKER_00]: It's up nine bucks.
[SPEAKER_00]: In fact,
[SPEAKER_00]: When I first started buying silver for my cost-class, my brokerage class and I was buying it for myself too, back then, I still own the silver that I bought.
[SPEAKER_00]: I was paying less than $5 an hour an hour.
[SPEAKER_00]: So today's move alone, the increase in the price of silver today, is more than the entire price
[SPEAKER_00]: which is incredible.
[SPEAKER_00]: And in fact, the returns that I've earned on that silver and that my clients have earned on that silver just sitting in a vault because most of the silver I sold back then we were storing for customers and we're still storing it.
[SPEAKER_00]: They have given earn more money if they were to sell that silver today.
[SPEAKER_00]: They have more money than if they bought the S&P 500
[SPEAKER_00]: reinvest in all the dividends.
[SPEAKER_00]: Silver doesn't pay any dividends.
[SPEAKER_00]: right.
[SPEAKER_00]: So this is gives you an idea, but so this is a record high in the price of silver.
[SPEAKER_00]: And in fact, I was telling people on my podcast, when earlier this year, when silver was at $30, you could have bought silver in Q2 at $30, when gold was over $3,000.
[SPEAKER_00]: I was telling
[SPEAKER_00]: Now, it's almost $80 in under a year from 30.
[SPEAKER_00]: And when it broke through 30, I was telling everybody, this is the floor, don't worry about it.
[SPEAKER_00]: It's not gone below 30, just buy it.
[SPEAKER_00]: And then when it went to 40, I was saying the same thing.
[SPEAKER_00]: And then I said, when it gets through 50, it's gonna be a rocket ship.
[SPEAKER_00]: And it's already more than 50% above 50.
[SPEAKER_00]: And it's just broke above 50, like a month ago.
[SPEAKER_00]: Copper, not that I've been buying physical copper for people, although I own quite a few copper stocks myself, copper is that a new record high today, at $5.85 a pound.
[SPEAKER_00]: So it's not just a precious metals that are rocketing, it's industrial metals.
[SPEAKER_00]: Uh, you know, I was watching, you know, I got up early this morning, you know, because, you know, it's hard to sleep through the night sky was so much action going on, right?
[SPEAKER_00]: So, I'm up early in the morning, and I'm watching CMBC, I'm watching Steve Leesman.
[SPEAKER_00]: And now, all of a sudden, he and, you know, he's their senior economics reporter, right?
[SPEAKER_00]: That's his title.
[SPEAKER_00]: Anyway, he's talking to this gal, I forget our name.
[SPEAKER_00]: And they're talking about gold and silver about how much has gone up like, you know, looking at it like, wow, look at this, right?
[SPEAKER_00]: What the hell?
[SPEAKER_00]: And then Steve Leesman says, and I'm almost, I'm pretty sure I'm quoted him exactly.
[SPEAKER_00]: He says, I can't think of one person who is pounding the table on gold or silver early this year.
[SPEAKER_00]: I can't think of one person.
[SPEAKER_00]: Yeah, he can't think of one person.
[SPEAKER_00]: You know, one of the reasons he can't think of me is because he actually blocked me on X.
[SPEAKER_00]: So I guess he wasn't able to see all of my posts where I was pound in the table all year long on Golden Silver.
[SPEAKER_00]: But the fact that this guy who's on CNBC every day and they have guests coming on CNBC every day.
[SPEAKER_00]: He couldn't think of one of those guests who was telling people to buy gold and silver, yet gold and silver are the best performing investments of the year.
[SPEAKER_00]: Gold's up like 70% gold now, by the way, I didn't even mention gold, gold's above 45 100.
[SPEAKER_00]: uh... today it said forty five thirty now almost up about fifty bucks i mean obviously it's being out shine by silver right now but gold is making record highs and in fact i think the reason that gold isn't even going up more is because i think there are people who are short silver and long-gold who are still
[SPEAKER_00]: on winding those spreads, and so that's putting some selling pressure on gold.
[SPEAKER_00]: But I think gold's getting ready for another big run.
[SPEAKER_00]: I think we're going to hit 5,000, probably in Q1 of 20, 26 silver could easily hit 100 by that.
[SPEAKER_00]: I mean, although it could have a pullback.
[SPEAKER_00]: I mean, it's moved up so far, so fast that kind of anything can happen.
[SPEAKER_00]: But I tend to think that the momentum is there for a reason.
[SPEAKER_00]: But getting back to what I was saying about this statement, that all these guests that they've had on all year long, not a one of them that he could recall has been pounding the table on goal and silver.
[SPEAKER_00]: Silver's up like, I don't know, 150% I haven't done the math,
[SPEAKER_00]: Um, I mean, it's, it's done better than any of the AI stocks, you know, it's certainly certainly done a hell of a lot better than Bitcoin.
[SPEAKER_00]: I mean, I remember, and I've reposted this tweet or post rather, sorry you on several times over the course of this year, but when Silver had a big move to about 31 or 32 and one day, it was up like 5%.
[SPEAKER_00]: I suppose it was like February or March of this year, and I posted, I said, check out silver, silver is the new Bitcoin.
[SPEAKER_00]: It's Bitcoin 2.0, right?
[SPEAKER_00]: So if you want something that's going to move faster than gold by silver, forget about Bitcoin, right, by silver.
[SPEAKER_00]: And of course, I mean, look what's happened.
[SPEAKER_00]: I mean, one of the best traits you could have done
[SPEAKER_00]: uh... in twenty twenty five other than buying family which a lot of my friends uh... made a lot of money in that and that trade uh... but um... other than that uh... you know it was probably selling um... bitcoin and buying silver and that was a trade that you know a lot of people could have done i was urging people to do that exact trade
[SPEAKER_00]: And in fact, Bitcoin is down 7% on the year.
[SPEAKER_00]: And ironically, just about every person who came on CNBC this year, and certainly, at the end of last year, the beginning of this year, which is the time period that Steve Lee's men was referencing.
[SPEAKER_00]: everybody to a man and woman was pounding the table on Bitcoin.
[SPEAKER_00]: It was a can't lose trade, right?
[SPEAKER_00]: You have to buy Bitcoin because we have a Bitcoin president.
[SPEAKER_00]: We have a Bitcoin cabinet.
[SPEAKER_00]: We got a Bitcoin strategic reserve, right?
[SPEAKER_00]: You can't lose on Bitcoin, Bitcoin is a one way ticket to the moon, right?
[SPEAKER_00]: That's what everybody said.
[SPEAKER_00]: Well, you know, basically, you know, Peter out as they're trying to get off the launch pad and then came tumbling back down to Earth, Bitcoin is down 7%.
[SPEAKER_00]: Look at micro strategy, the poster boy of Bitcoin
[SPEAKER_00]: Today, it traded $154 a share, the high, the $52 a guy is $457 and 22 cents.
[SPEAKER_00]: But the bad news for micro strategy shareholders is it's still got a long way to fall.
[SPEAKER_00]: In fact, I think it's falling all the way to zero.
[SPEAKER_00]: In fact, micro strategy is probably going to be a zero long before Bitcoin is a zero.
[SPEAKER_00]: Um, so it's still not, it's not too late to get out, by the way, if you still own microstrategy, because microstrategy is no longer buying Bitcoin.
[SPEAKER_00]: Now it's buying US treasuries, because it's worried about liquidity, because it borrowed so much money to overpay for Bitcoin, and now it needed to sell stock to raise cash to pay the insurer's thought instead, and to keep paying the coupon on his preferred, so the
[SPEAKER_00]: buyer a Bitcoin is gone.
[SPEAKER_00]: And the other big buyers, the ETS, they turn sellers too.
[SPEAKER_00]: So parties, though, over guys, if you're in this space and you're in crypto, get the hell out.
[SPEAKER_00]: Do yourself a favor.
[SPEAKER_00]: You know, new year's resolution.
[SPEAKER_00]: Get out of this stuff.
[SPEAKER_00]: Um, if you were lucky enough, and I'll say more lucky than smart, but I don't know.
[SPEAKER_00]: I mean, I guess like you gave you credit to for being smart, but if you were lucky or smarter enough to a bought it 10 years ago or 15 years ago, you paid your money and run.
[SPEAKER_00]: If you were dumb enough to buy it a year ago, two years ago, three years ago, four years ago.
[SPEAKER_00]: Cut your losses, cut your losses, but your losses are not just what you lost in Bitcoin.
[SPEAKER_00]: Your losses are what you didn't make because if you bought Bitcoin instead of buying gold or silver,
[SPEAKER_00]: because some idiot talked you out of gold this over because you were watching CBC right instead of listening to my podcast and you didn't buy all this over you were thinking about buying it but instead of buying it you bought Bitcoin you didn't just lose 10, 20, 30, 40% Bitcoin you lost the double or triple that you would have made had you bought gold this over that's your real loss it's the opportunity loss
[SPEAKER_00]: But you got one way to make it back and that's to go all in on the mining stocks, right?
[SPEAKER_00]: And you know, the mining stocks have had a good year, right?
[SPEAKER_00]: But not the kind of year they should have had.
[SPEAKER_00]: Yeah, these mining stocks a lot of them look triple that quadrupled this year.
[SPEAKER_00]: But given where they started the year and given how much the metals were up, but silver is up seven
[SPEAKER_00]: almost eight now.
[SPEAKER_00]: It's just jamming just since I started this podcast.
[SPEAKER_00]: I've been on podcast this space.
[SPEAKER_00]: Now Silver is 77.5.
[SPEAKER_00]: So you're talking about eight percent in a single day.
[SPEAKER_00]: And you got silver stocks.
[SPEAKER_00]: Look at like a heck of a mining up 1%.
[SPEAKER_00]: 1% I mean
[SPEAKER_00]: That's a little bit better, three and a half percent, at least that was in a 52-week height.
[SPEAKER_00]: But that's nothing.
[SPEAKER_00]: Nothing.
[SPEAKER_00]: A quarter lane, up, just under three percent.
[SPEAKER_00]: Again, that's the decent move when silver is up 1 percent, not when it's up 8 percent and diverse silver, up 3 and a quarter percent.
[SPEAKER_00]: Again, it's not even at a 52-week height.
[SPEAKER_00]: Despite silver having a big gain on Christmas Eve day, it was about a couple of bucks.
[SPEAKER_00]: All those silver stocks were down.
[SPEAKER_00]: They were down on the day.
[SPEAKER_00]: And so these stocks, the golden silver stocks, are still so cheap.
[SPEAKER_00]: This is your chance to make back some of the money that you didn't make owning golden silver.
[SPEAKER_00]: because these stocks are not priced for anywhere near where we are, forget about where we're going.
[SPEAKER_00]: But where we are right now, right?
[SPEAKER_00]: And I think it's going to be the same because when silver was just sitting there at $25.30 has gold was going up, right?
[SPEAKER_00]: Go up and
[SPEAKER_00]: You know, buy it and I think one of the reasons that people didn't buy silver is because they expected gold to fall, right?
[SPEAKER_00]: Everybody watch gold prices going up and they thought, well, it's a fluke, it's a bubble.
[SPEAKER_00]: Gold's going to go down.
[SPEAKER_00]: And so I don't want to buy silver because when gold goes down, silver is going to get killed.
[SPEAKER_00]: So the fear that gold was going to go down kept a lot of people from buying silver, okay?
[SPEAKER_00]: Gold's not going to go down, it's going to keep going up.
[SPEAKER_00]: So by silver, because it's going to catch up, it has to, right?
[SPEAKER_00]: Just, you know, that's just realities, right?
[SPEAKER_00]: And now it's paid off, right?
[SPEAKER_00]: The people who were patient, it's paid off.
[SPEAKER_00]: And now silver is finally outpacing gold, which is exactly the way it should be in a real precious metal's bull market, which we are in.
[SPEAKER_00]: But the same thing has been happening with the gold mining stocks.
[SPEAKER_00]: people are afraid to buy the gold mining stocks and the silver mining stocks because they expect to price the gold and silver to come down.
[SPEAKER_00]: They don't understand why it's going up and they believe it's going to come crashing down, right?
[SPEAKER_00]: And it's because they don't want to buy these stocks.
[SPEAKER_00]: And the analysts don't want to redo their earnings estimates.
[SPEAKER_00]: based on the current price of gold and silver, because they believe that these prices are unsustainable, and that prices will be much lower in the future.
[SPEAKER_00]: So they are not incorporating $77 silver or $4500 gold into next year's earnings, or the year after that, or the year after that.
[SPEAKER_00]: They are incorporating much lower prices, but not only are they wrong to incorporate lower prices,
[SPEAKER_00]: They're wrong not to incorporate higher prices because this trend is not going to stop.
[SPEAKER_00]: Go in silver prices and platinum prices and copper prices and lots of other prices are rising for reasons that are going to be even more obvious next year and in the following year.
[SPEAKER_00]: So these stocks are priced for a big drop in gold in the silver when we're going to get a big rise in gold in the silver.
[SPEAKER_00]: But even if I'm wrong and gold in the silver to stay where they are and don't go anywhere, earnings are going to be by a mile.
[SPEAKER_00]: Wall Street estimates and I expect a wave of money to come into these stocks in Q1 next year and a lot of that money is going to be coming out of crypto.
[SPEAKER_00]: I think a lot of the, you know, Wall Street money that bought into this bullshit Bitcoin is digital gold, right?
[SPEAKER_00]: And in fact, I keep hearing these guys coming on CNBC, I heard another one this morning saying,
[SPEAKER_00]: To buy Bitcoin, because he said, you know, catch up to gold.
[SPEAKER_00]: He said, looking gold in silver, look how much they've moved.
[SPEAKER_00]: Bitcoin hasn't gone up, so buy Bitcoin.
[SPEAKER_00]: What he should've been saying is, sell Bitcoin, because they ain't going up and buy gold in silver.
[SPEAKER_00]: But he just expects Bitcoin to go up like gold in silver, because he's dumb enough to think it's the same thing.
[SPEAKER_00]: He's, you know, all these guys on Wall Street, they never understood gold is silver.
[SPEAKER_00]: When I was buying silver for four dollars in change and gold for under $300, because I understood it.
[SPEAKER_00]: And that's why I bought it for my clients.
[SPEAKER_00]: None of these guys.
[SPEAKER_00]: None of my competitors at major Wall Street firms were recommending any gold is silver.
[SPEAKER_00]: Because they have no clue, they don't understand it.
[SPEAKER_00]: That's why they were so easily taken in by the con of Bitcoin.
[SPEAKER_00]: Right?
[SPEAKER_00]: They always ask, just like gold.
[SPEAKER_00]: Yes, it's just like gold.
[SPEAKER_00]: If you don't know anything about a gold, if you don't have a slightest clue about monetary history, you know, or what makes gold money and what makes gold special.
[SPEAKER_00]: Yeah, if you're completely clueless about that, you might fall for the Bitcoin, you know, hype.
[SPEAKER_00]: You might get taken in by that and if you don't understand economics and you know a lot of these guys Don't they don't get the fed?
[SPEAKER_00]: They don't see what's gonna happen and that's what I think too is one of the things that's more amazing to me Then this big this huge rally in gold and silver, which is something that I've been anticipating In fact, the only thing that surprised you to me is that it's taken this long should it happen sooner
[SPEAKER_00]: But personally, I'm making a lot more money because it happened later because I have a lot more golden silver stocks and that I ever thought I would own because the market just kept giving me opportunities to buy more and I just kept taking advantage of it.
[SPEAKER_00]: And you know, people that want to tease me, hey, you know, I could have been a lot richer had I bought, you know, gone all in on Bitcoin when I first heard about it.
[SPEAKER_00]: Yeah, of course.
[SPEAKER_00]: Just about anybody that heard about Bitcoin when I did, if they put all their money into it, would be billionaires today.
[SPEAKER_00]: And I know a few people who did, right?
[SPEAKER_00]: But the reality is, most people who bought Bitcoin are losing money now.
[SPEAKER_00]: They didn't buy it 10, 15 years ago.
[SPEAKER_00]: And if they did, they didn't put all their money and they put some in and they put more in when the price got went up.
[SPEAKER_00]: And so they averaged up, and you know, by the way, micro strategy, the average price is over $75,000 a Bitcoin.
[SPEAKER_00]: I mean, we're gonna be back below that soon.
[SPEAKER_00]: Where is Bitcoin?
[SPEAKER_00]: Let me look, it said 87,000.
[SPEAKER_00]: His average price is $75,000.
[SPEAKER_00]: He's barely up.
[SPEAKER_00]: I mean, what a horrible treat.
[SPEAKER_00]: If you guys have been buying Bitcoin for five years, five years, what's the up, 15%.
[SPEAKER_00]: Imagine if you bought silver.
[SPEAKER_00]: I'm asking if he bought gold, all the things that Michael's sailor has been trashing for all these years.
[SPEAKER_00]: If he just bought those instead, he wouldn't have to be raising a dollar reserve to head off a liquidity crisis that's around the corner, right, when Bitcoin hangs, which is about what's going to happen, right?
[SPEAKER_00]: People, I think there are people
[SPEAKER_00]: who are waiting to January to unload their Bitcoin.
[SPEAKER_00]: I think some of the whales, they don't want to have to pay taxes this year.
[SPEAKER_00]: So they're going to start selling the Bitcoin that they still have because they can see that it's over and they're going to be getting out.
[SPEAKER_00]: Now, there are people that have losses, you know, I guess they could maybe try to sell them, but you know, but I think the big money still has gains because the big money got in a long time.
[SPEAKER_00]: I don't go.
[SPEAKER_00]: It's all the suckers.
[SPEAKER_00]: that got in recently, but the point I wanted to make is what's more amazing than the rally itself, and how few investors are getting it on it.
[SPEAKER_00]: And now I'm telling you, I mean, I'm in the retail business for bold and silver, and business is still slow.
[SPEAKER_00]: And I talk to others in the industry.
[SPEAKER_00]: It's slow.
[SPEAKER_00]: The American public is completely asleep.
[SPEAKER_00]: And this train is just passing them by, they have no idea what's going on in gold and silver.
[SPEAKER_00]: And then I hear people talking about a bubble.
[SPEAKER_00]: How can you have a bubble in something that the public doesn't even know about?
[SPEAKER_00]: Isn't it even an involvement?
[SPEAKER_00]: But even the professional investors, people that manage big money for other people, they're not involved either.
[SPEAKER_00]: they're just going to get involved.
[SPEAKER_00]: I think they're just going to start next year because people are going to look back on 2025 and say, oh, we're the people make money.
[SPEAKER_00]: What was good?
[SPEAKER_00]: And it's going to be gold silver.
[SPEAKER_00]: And it's going to be these mining stocks.
[SPEAKER_00]: But when the analysts, when they start looking at these mining stocks and they start seeing how cheap they are and the massive earnings growth that they have, they're not going to find that
[SPEAKER_00]: I haven't been bought yet I bought even I bought more bones over stocks on that last pullback not that much but I mean I had to buy a little but I got so much now I mean I buy when there's a big correction which you know but
[SPEAKER_00]: I've been putting money recently into energy because oil is so cheap, it's ridiculous.
[SPEAKER_00]: It's never been this cheap, relative to gold silver, which is another reason why these miners are going to kill it because energy is their biggest cost, and that's going down as all their revenue is skyrocketing.
[SPEAKER_00]: But I'm buying that and I'm buying emerging markets, like keep putting more money into emerging markets.
[SPEAKER_00]: I think that's going to be a big mover and next year along with commodities, because I expect
[SPEAKER_00]: to tank.
[SPEAKER_00]: Now, the dollar hasn't even really gone down much this year, although it is very close to an all-time record low against the Swiss Frank.
[SPEAKER_00]: Just less than 1% away from an all-time record low.
[SPEAKER_00]: Swiss Frank is a leading indicator of, I think, a loss of confidence in the dollar, just like gold.
[SPEAKER_00]: Why are foreign central banks buying gold because they're losing confidence in the dollar?
[SPEAKER_00]: You can see that in the Swiss
[SPEAKER_00]: trying to, which is also a safe haven from the dollar, right?
[SPEAKER_00]: So the dollar is not a safe haven asset anymore.
[SPEAKER_00]: It is a risk asset.
[SPEAKER_00]: And if you want to minimize your risk, the risk of holding dollars, you buy gold, right?
[SPEAKER_00]: That is what's going on, right?
[SPEAKER_00]: And the central bankers, if they're afraid of the dollar and they don't even, they don't want US translators, they don't want 4% interest,
[SPEAKER_00]: because they know the dollar's potential depreciation is much greater than that.
[SPEAKER_00]: So the coupon is not high enough, but this tells you all this is a bunch of BS, the Trump administration about this golden age in America, about this great booming economy, it's all a crock.
[SPEAKER_00]: The economy's not booming.
[SPEAKER_00]: There is no, you know, he keeps saying, everybody says, you got the hottest economy in the world.
[SPEAKER_00]: Where if that was the case, why are they buying gold like it's going out of style?
[SPEAKER_00]: If the US economy is so hot, right?
[SPEAKER_00]: Gold should be cold.
[SPEAKER_00]: The fact that all these countries that are telling Trump how great our economy is, the fact that they don't want our currency, they don't want our bonds, they'd rather own gold, right?
[SPEAKER_00]: That tells you, essential bankers, investment, this is a big deal.
[SPEAKER_00]: And I think what we're going to see next year is a big drop in the dollar versus other fiat currencies.
[SPEAKER_00]: And it's going to send prices through the roof.
[SPEAKER_00]: Come out of the prices are the most sensitive.
[SPEAKER_00]: And that's why you're seeing all that strength.
[SPEAKER_00]: The only commodity, the only one that isn't showing strength is oil.
[SPEAKER_00]: And that can't last.
[SPEAKER_00]: You know, just like silver couldn't fit back forever, while gold was going up.
[SPEAKER_00]: There is also a long-term relationship between gold and oil.
[SPEAKER_00]: And oil is just too cheap relative to gold.
[SPEAKER_00]: So one of two things has to happen.
[SPEAKER_00]: Gold prices have to crash or oil prices have to surge.
[SPEAKER_00]: My money is on the ladder.
[SPEAKER_00]: oil price they're going to search but when that happens that's going to destroy the only thing Trump has to claim that inflation just come down because all he can point to is the gas price that's all he's got and he's going to lose that next year which is why the Republicans are going to go down in flames in the midterms and lose the house and the Senate but the printing
[SPEAKER_00]: uh... mid-year he's going to start he's got his marking orders destroy the dollar cut into a trace to the bare minimum crank up the presses that's why gold is going up that's why silver is going up nobody on cmbc gets this another experts understand this they have no clue they don't know what's wrong with the u.s. economy they understand how it functions they don't understand what makes it work
[SPEAKER_00]: it's all about the dollar being the reserve currency and about our ability to print money, create it at a thin air and trade it for goods that everybody else produces.
[SPEAKER_00]: That's the only way our economy survives.
[SPEAKER_00]: We have to be able to bring in imports so that we can, you know, continue.
[SPEAKER_00]: What's our economy?
[SPEAKER_00]: It's retail.
[SPEAKER_00]: It's distribution.
[SPEAKER_00]: Right?
[SPEAKER_00]: What do we sell the stuff we import?
[SPEAKER_00]: What do we distribute the stuff we import?
[SPEAKER_00]: Who are the biggest employers in America?
[SPEAKER_00]: UPS FedEx Amazon Walmart?
[SPEAKER_00]: What's the biggest job for American men truck drivers?
[SPEAKER_00]: What are they doing?
[SPEAKER_00]: They're driving around all the stuff that was sold at Amazon and imported from China right?
[SPEAKER_00]: But you take away the strength of the dollar
[SPEAKER_00]: None of that stuff comes in.
[SPEAKER_00]: And if we can't import that stuff, well, they're going all the jobs.
[SPEAKER_00]: There goes all the consumption.
[SPEAKER_00]: There goes all the GDP.
[SPEAKER_00]: All we're going to get is massive money printing.
[SPEAKER_00]: And we are on the verge of this.
[SPEAKER_00]: Golden silver are screaming this.
[SPEAKER_00]: This is a much bigger crisis than the 2008 financial crisis.
[SPEAKER_00]: Much bigger, orders of magnitude bigger.
[SPEAKER_00]: It has a much more profound impact on Americans.
[SPEAKER_00]: Not just in Vester, but every American.
[SPEAKER_00]: And what's going to be so much more significant is that there's no bailout.
[SPEAKER_00]: The government defends cannot balance out of this crisis because it's a crisis where the Fed and the U.S. government are at the epicenter, right?
[SPEAKER_00]: So instead of running to the dollar, like they did after the 2008 financial crisis, they're going to be running from the dollar.
[SPEAKER_00]: It's not about whether or not some subprime mortgage borrower can pay back as mortgage.
[SPEAKER_00]: It's about the credit worthiness of the United States and our ability to service and repay our debt without destroying the value of the currency.
[SPEAKER_00]: That is what's at question.
[SPEAKER_00]: It's sovereign credit, not mortgage credit, it's a very dollar.
[SPEAKER_00]: And so we can't bail out.
[SPEAKER_00]: We can't print dollars to bail ourselves out of this crisis.
[SPEAKER_00]: It's the dollar crisis.
[SPEAKER_00]: It's the U.S. Treasury crisis.
[SPEAKER_00]: So it's going to be a massive reduction in the American standard living.
[SPEAKER_00]: and massive reduction in the real value of U.S. dollar dominant assets, and so the key is now to get out ahead of that, right, to get ahead of that train by getting into gold and silver now.
[SPEAKER_00]: You know, yes, the prices are up, but they're going to go a lot higher.
[SPEAKER_00]: That's why they're going up.
[SPEAKER_00]: That's why they're going up like this.
[SPEAKER_00]: Get into these mining stocks because this is a gift course.
[SPEAKER_00]: Get out of Bitcoin and Ethereum in all this crap while you still can, right?
[SPEAKER_00]: Before the bottom drop out of that, that's the biggest bubble of the mall.
[SPEAKER_00]: We're going to have a Bitcoin crisis for those who own it, before we even have a dollar crisis.
[SPEAKER_00]: be good for goally silver because when Bitcoin and all this crypto crap crashes
[SPEAKER_00]: That's going to take a lot of paper wealth out of the economy.
[SPEAKER_00]: It's going to have a negative wealth effect.
[SPEAKER_00]: A lot of people are going to lose their jobs because they work in crypto-related industries.
[SPEAKER_00]: It's going to be big.
[SPEAKER_00]: It's going to have an impact.
[SPEAKER_00]: And it's going to cause a weaker economy, which means more money printing, which means more inflation.
[SPEAKER_00]: A lot of people still think that a weak economy means less inflation.
[SPEAKER_00]: They don't understand inflation where it comes from.
[SPEAKER_00]: A weak economy is going to mean more inflation.
[SPEAKER_00]: We could call it an equal strong inflation.
[SPEAKER_00]: Why?
[SPEAKER_00]: Because in a week in conduit, we have bigger budget to have fifths.
[SPEAKER_00]: We have fewer people working.
[SPEAKER_00]: We have more people collecting checks from the government.
[SPEAKER_00]: And the government is pretty more money.
[SPEAKER_00]: They're borrowing more money.
[SPEAKER_00]: So the dollar is going to fall.
[SPEAKER_00]: And when the dollar falls, prices go up.
[SPEAKER_00]: So we're going to have,
[SPEAKER_00]: bad inflation, but not just the stagnant economy in depression and not just inflation, but double-digit inflation.
[SPEAKER_00]: So this is what's around the corner.
[SPEAKER_00]: You're not going to get that's sweetheart.
[SPEAKER_00]: I decided to do this space.
[SPEAKER_00]: during the market hours because if you're watching mainstream financial, you're not getting any of stuff.
[SPEAKER_00]: You're just hearing all kinds of, you know, lollipops and sunshine, everything is great.
[SPEAKER_00]: The market's great.
[SPEAKER_00]: And when they talk about gold and silver at an all-time highest, hey, you know, they just kind of, hey, look at that.
[SPEAKER_00]: What's happening here?
[SPEAKER_00]: Oh, gee, nobody could have nobody saw this coming, but oh, wow, it's interesting, right?
[SPEAKER_00]: Like talk about whistling, whistling past the graveyard.