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Welcome you are listening to watching the Financial Survival Network. I'm Carrie Letts.
Is it us? I'm here with Craig hemke Ef Metals Report dot com.
Is it us? Or are we really deep fakes? And if it's just
a big AI simulation, Craig, Hey, one sim to another. Here,
here we are. If it was a couple of deep fakes, it
wouldn't be our two mugs on here, that's for sure. If probably true,
it would be Brad Pitt and George planning right right right now, right
and in the meantime where in the midst of a bankruptcy, a bank banking
bankruptcy, a banking collapse, it's global. I mean, what's keeping the
banks in China from shuddering right now? Their equivalent of the FED is pumping
out unlimited amounts of currency units. The same thing with the EU. All
those banks are insolvent, they're all ready to collapse. I mean, I
guess in the technical sense the big banks aren't in the US aren't on the
brink of collapse, but there's certainly at a weekend state after what's happened.
It is a laughable notion what's being put forth here on May Day about how,
oh, this first Republic things over with, so now it's all good
gerry, don't worry, everything's fine, pot mark it sells off of the
dollar rallies and oh come on, manum two things on that one. The
I guess the beginning stages of this crisis have come from all of the unprecedented
rate hikes by the FED, taking us from fifty basis points in the ten
year note to four underd and fifty basis points the real I mean run of
the two year note from nothing to five percent in about eighteen months. Right,
they got so far behind the curve because of their transitory bs. They
tried to lay on everybody, but then they run off on this unprecedented scale
of hi hi as if don't worry, everything's fine. I mean, they're
just making it up as they go, and they're still making it up today
with treasure officials and Jamie Diamond and the rest try to sair. Now that's
it. Banks are sitting on a trillions really of dead that is miss or
I guess miss priced on their ballot sheets will be a way to put it.
After the financial crisis, they Fasby came up with the ability for them
to arc bonds to maturity. They have ones that are in a basket that
say they're eligible for sale, and they got to mark those to market.
But then they can put others in a basket that are marked to maturity.
Well, the problem is you get a rush for you know, people want
to take their money out, which now can happen in a matter of minutes
the way everybody's online. And the ones that you don't think you're ever going
to have to sell and you're carrying them on your books at par they're actually
worth eighty cents. Now you're upside down. So the notion that the only
two banks carried there there's two. Oh, there's only two, right,
there's only two, Silicon Valley Bank and First pub they are the only two.
Okay, fine, the other part of this well then, actually,
now there's three parts The other part then, is commercial real estate, which
you and I've been talking about since COVID in twenty twenty. This was eventually
going to be a problem not only just from an economic slowdown, but all
these businesses that with people now getting used to working from home, they don't
need ten thousand square feet anymore, they only need five all of that stuff.
Who does most of that commercial real estate lending? That's your local bank,
your first National Bank of Pittsburgh, right, Okay, So this is
a problem at the local community bank level. That's only going to get worse.
That's going to create even as as that crisis worse, that's going to
create more bank failures. Third piece of this, then, what's the natural
in a natural response, if your local banker, the guy in the Blewes
suit, in the red tie, he's going to just start calling in things
to say, you know what, we gotta lay a low here for a
while just to protect ourselves at our venerable institution. We're not We're going to
tighten our lending standards, are not going to make as many loans as we
used to. And so the whole thing has this cycle of tightening and making
the economy even worse, and then you spin it all back to what you
know. The notion going around today is the FED higher for longer and everything's
fine and strong economy. Right right, we'll see about that, hey,
But you know, like I'm looking at the money supply figures M two and
basically it peaked in the July of twenty twenty two, and it's been going
down slightly slightly. But we can't afford a declining money is applied when debt
is going up and all the fallouts are taking place. I mean, it's
kind of counterintuitive. The other point I'd like to make is there's another stool
of this lug that could conceivably collapse, and that is who makes all of
these big, big office building mortgages. Besides the regionals. It's the insurance
companies. Yeah right, No one's talking about the insurance companies, but I
guarantee you under Dodd Frank they are considered to be a vital non bank institution
that the FED and the Treasury can bail out up upon concern. The only
thing is they don't have to mark their mortgages to market, but they're holding
a lot of the paper because when you go by go to any city and
take a ride downtown. It's all insurance company names on those buildings and banks,
and those insurance companies aren't occupying all that space, right, there's an
insurance company issue. And there's a difference when there's a run on an insurance
company than a bank, obviously, but the effects can be equally as devastating.
So what are the odds that these insurance companies are turned into banks just
the way the big brokers were, right, wait No. Nine, So
that then the Fed they can go to discount window and get money, right,
And actually I remember many of them still are. Remember like even Mutual
of Omaha back in two thousand and eight became the Mutual of Omah Bank like
a munch exactly so that they could all cony up at the discount window or
whatever they get their hands on overnight cash whenever they needed it. And again,
I guess to relate this to the precious metals, I mean, at
this point it's just wait, we'll just wait this out. I mean,
they give you this garbage day after day, and the metals do their thing,
go up, go down, day after day, and it's it's silly,
but I think we I mean Carrie. We've it's like the old adage,
we've seen this movie. We know how it ends, so why aren't
we even paying attention during act two? Right? And it's like, Okay,
I remember this is where they do this, and this is where she
said that, and he says this, and when you know how it ends
in the end anyway, and that's that's where this is all headed. They
can pretend and paper over on a daily basis still put a headed, but
it's a triple headed issue. The move and interest rates has created ballanshet issues,
easy runs on banks because of where we are in twenty twenty three.
From a technology standpoint, commercial real estate is an absolute building disaster, no
pun intended building. And then ultimately that causes banks to lend even less,
which makes capital, you know, working capital, everything else harder to come
by. And it just exacerbates what was already going to be a recession and
the slowdown. And again this is anybody can see this. What you can't
be is misled by somebody that probably has an agenda, like a politician or
a banker, you know. Heck, Kara I, just before we start
recording, says something on Twitter about the recent holdings. I don't know,
I can't remember which senator it was. But then on March sixteenth blew out
of his first Republic Bank Corp stock right before it crashed. On March twenty
two, bought a whole bunch of JP Morgan. So what they didn't know
all of this obviously six weeks ago, you know. So everybody has this
interest, you know, their own personal self interest regarding you know, regardless
of the ethics of the morals or the laws, and they're going to say
whatever they can to kind of front run everybody, you know, to protect
themselves. So don't fall for this crap about it's all over and everything's fine.
And one last thing, well, we were two days away front of
the FED rate hike. We just had the second largest bank failure in the
US history in terms of size of their deposit base, and yet the FEDS
something wrong with this picture, my goodness, gracious. So so how long
does the whole charade keep going? Though? Is the question. We've been
in this situation many many times, you and I together over the year,
and it keeps going right right well, and again, as I relate to
this to the medals, you recall from our previous discussions. This year.
You know, I write a thing in the first week of January every year,
just if anything, just to kind of make myself think the year through
and then hold myself accountable. And so what I wrote in January this year
talked about, hey, look, none of this FED hiking higher for longer
crap. The FED will be pausing and then cutting by summertime, not all
this bank stuff, notwithstanding just that the economy was going to roll over,
and we have an election year next year, and what do you think Bernie
Sanders and Elizabeth Warren are going to have to say about Powell if all of
a sudden we're deep in a recession of the first quarter of election year,
right, and he wants to keep his job. So it's obvious what's going
to happen. And we've again, as you just said, Carrie, we've
seen this before. You and I have talked about this before. In twenty
ten, there were the green shoots of the economy member all that crap,
green shoots, green shoots, and everything was fine, and they were going
to normalize rates and flatten out the balance sheet. And what'd you get by
the economy slowed down in the first half of that year, and by November
twenty ten we had QWEE number two up within the medals. Twenty eighteen.
Everything's great, We're gonna keep shrinking the ballot sheet. We're gonna do normalize
interest rates. Everything starts to seize up and collapse. There's no liquidity by
June of nineteen or cutting rates up go the medals first part of this year.
Oh, everything's great. We're gonna normalize the ballot sheet. Come on,
man, Yeah, so we're right on track. History is shown over
the last eight rate hike cycles. The period of time between the last hike
and the first cut is about seventy five days. So either the class either
they don't hike on Wednesday and the clock we're already six weeks into it,
or they do hike Weddingsday and we're on a schedule now looking at maybe July
for the first cut. That sounds about right. I like that. I
think you're one hundred percent on the money, Matt. I can't see it.
I can't see it any other way. It might be a little bit
before, it might be a little bit after, but I would stake my
money on July. And as long as we're in the prediction business today,
I will predict right now bitcoin. Let the currency has been on a tear.
They're doing great, all the believers. I mean you talk about gold
bugs, well we got bitcoin bugs, and they believe that it's going to
infinity. Right. But there's a little event coming up in Miami, the
Miami Bitcoin Conference of twenty twenty three. It's coming up eighteen to five twenty.
Set your clock because it's going to crash. I mean, this is
always the best indicator is the Bitcoin conference. And a chair will get lots
of hate mail over this, but I'm telling you it's going to happen.
I know it before. You know. Twenty seventeen, it happened. Last
year, it happened and get ready yep again, does it mean it's going
straight to zero? But you're absolutely right. The big holders know that there's
gonna be all this retail interest in buying bitcoin. Again. Well, if
there's all this retail interest buying, somebody is selling, right, And so
yeah, you're right, that's happened before. That's a word of the wise.
Yep, yep. I'll be surprised if it doesn't. And the chart
is looking really weak too. If you believe in such things apply to cryptocurrencies
and we're on the brink. What about the central bank digital currency? Yeah?
Is that coming? Are we just the all acting paranoid or is it
real? It's very real. People have watched you and I talked for the
last ten years. We'll remember how many times we talked about the war on
cash, right to get rid of physical cash, and even in COVID,
well it carries germs we've got right in cash. We wouldn't want that to
happen. No, And you know, and it was always the only people
that use hundred dollar bills carrier like drug dealers and bookie right, who else
would you use it? When you when you got a card when you get
and so they're eliminating that bit of your sovereignty and and but and then you
know, and we've seen instances like you know, like go buy a gun
with your visa card, you know, and it's noted with a certain code.
Yeah, okay, So this war on cash has been going on for
a decade. This central bank digital currency is obviously a part of that.
I agree. Whether it gets too and I guess it probably will, I
don't know how quickly it'll get there. But whether it gets to this draconian,
you know, horrible dystopian future where you know, you got to get
the government's approval to buy a pound of bananas, you know, with your
centricy, with your currency. Whether it gets to that, we'll see.
But I think for now why they're in such a rush to roll it out
as so they can rescue these banks. You remember, like, um,
it's Congress that has the spending power, right, and then the Fed buys
the bonds and then you get the cash out in society and all that kind
of stuff. Remember back when everything was collapsing in two thousand and eight and
it was bank after bank. I remember the day that all of a sudden
on CNBC it was Goldman's turn. They were coming for Goldman. Well,
then stopped the presses. That was the end of that. Now it was
time for tark And remember the first time they rolled up to Capitol Hill about
TARPA was seven or billion dollars and failed. Yeah, they had to get
authorization and it failed, and oh, Mark, it's melted down all this
year. And then they ran up the ben burnanc up there to scare the
ship and crap out everybody. You know, Wall Street, do Main Street
and every you know, oh, we got to pass this seven hundred billion
dollars. Okay. What a CBDC will do is it allow the FED to
kind of circumvental that. You know, you get an outlet like this First
Republic Bank, but that's too big, your local again, first National Bank
of whatever, and they've got three billion dollars in deposits and four billion dollars
worth of liabilities and they need a billion dollars in liquidity to get right side
up again. The FED, through a cbdc'll just pop them a billion dollars
of ones and zeros and nobody ever even has to know about it. I
think that's that's the initial purpose of those things. Oh yeah, Well,
and when you want to spur demand, because everything depends upon demand. He
you got you got five thousand dollars worth of the CBDC in your Yeah.
Never, it's a limited time offer. If you spend all five thousand now,
we'll give you another thousand, right, if you don't the freshness date.
You know, they're only eight money is going to have a freshness date
now and you have that expiration? Are you reminding me carry I was last
time I was mowing my law and I was doing it on my John Dear
a little, writing a lot more. You know, I bought that sucker
when we moved into our house in two thousand and eight. And I use
my George Bush stimulus check. I got twenty four hundred dollar check from the
Treasury and the mail, and you were supposed to go out and spend it.
Do you remember this, right, you're required? Yeah, it was.
It was stimmidd deficit spending stimulus. You had to go out and stimulate
the economy. Here's some money and go spend it. Which is again,
so it's not like this is unprecedented. They'll just do it now in a
different manner, okay, And you're absolutely right that's how to work. Well,
I'm expecting they're also the Fed's going to take a book from the way
banking was in the seventies and the eighties to get you to open a new
account. They're going to give toaster ovens irons um. I remember our Mitzvah
had all this money. We opened up like eight different accounts. I got
like a clock radio not the name uses I'll probably do not screens, right,
all right? And your CBDC currency account today and get a free sixty
five in lat screen. There you go. That's exactly right from Charles Bastards.
I mean they pay nothing. They can go by one year. Uh
it's you know, one year t bill for five percent. But yet you
walk in and they would they'll give you one percent on a five year CD
or a couple of pennies on your checking account or Jerry they were they're charging
is now the highest interest rate on credit cards ever? Yeah, ever the
Hanies or they're late seventies. I mean it's criminals, so they you know,
but you know they all get bailed out in the end because you know
it's who you know, I guess bailout nation. But yeah, it's it's
uh, it's going to get real interesting. You know, all this that
they come up with. They need LEEI. Cooker to come back because he
was the master marketer and that he could sell anything to anyone. You know,
So prop up the like weekend at Bernie's. Prop up the corpse of
Li I Coo guid. Yeah, no one will know the difference. Everyone's
dumbed down. Well, we got a corpse for president. Did I just
say that? Yeah? Well no, you didn't say that I misheard.
Hey, I want to go back to a prediction that you made a number
of other metals analysts made, and everybody cried bs and you know what that
was that prices would start to really go up when interest rates went higher and
everything, No, that can't be writing. You know, then the T
bills will be much more competitive against gold, and people won't give up big
emills. And what happened We started this rate hike ground and what happened to
gold? How about that? This is again, it's such a simple I
don't know, I don't I feel like I'm kind of snotty to say this,
but it's such simplistic base level analysis to say those kind of things,
because it's it's like, it's this, it's all put that in the same
group of people that said, well, goals do good. Look at inflations
nine percent and it's not going up. So then you go, it's not
even Look, it's not about the base level inflation, it's not about nominal
interest rates. What will drive gold but Durham gold the seventies, eighties,
nineties, everything is real interest rates, inflation adjusted interest rates. And this
is why the period we're entering into now of stagflation is going to be good
for gold. To this, like stagflation in the late seventies carry when you
were just getting back from NOAM. It puts good for goal because if you
have negative real interest rates, which means the rate of return on your fixed
income is actually over time when you adjusted for inflation negative, then gold,
which doesn't pay a dividend. They always tell me, looks free, damn
good. And that's where we're heading into again. FED is going to be
cutting rates and the longer term rates are going to be falling because people are
looking at it, you know, and looking for anything that they can do.
And you know, we go from three and a half down to three
down to two and a half, but inflation expectations or remaining elevated and getting
worse. So with stagflation, that's what happens. So you end up when
you compute your real interest rates off of current interest rates but also inflation expectations,
we're gonna end up getting back to negative one, negative two percent,
and that just drives gold higher and higher, not straight up none of this.
Always laugh when people I see people say, oh gold, once it
gets through two thousand, it's going straight to three thousand. I'm like,
no, it's not that's not how it works. It'll go to twenty three
hundred, and then it'll pool around for a while and consolidate and everybody'll get
used to it, and then it'll go to twenty five hundred and eventually go
to three thousand. But it's not going to go from two thousand and three
thousand in a month. That's just not how it works. And it's not
just straight up inflation, or it's not just nominal interest rates to drive the
prices. So real interest rates exactly exactly, and they're all negative real interest
rates, right yeah, right, Well again, you think of what drives
the price in sadly still in twenty twenty three is the futures price. So
you think of, okay, well, who buys and sells the futures contracts?
Mainly hedge funds against the banks. A lot of those hedge funds are
done by algorithm HIH frequency trading, and those funds are programmed to follow real
interest rates, so not off just a month over months CPI, it's off
of inflation expectations. So right now, the ten year inflation expectations are about
a little over three percent the ten year notes about three and a half percent,
and so you can calculate that as a positive real interest rate. What
will happen is that tenuere inflation expectation go to four, and the ten year
note will go under three, and now you're negative one again. And that's
when gold just continues to rise and rise. Not there yet, and golden
won't break out. It's I've been saying this year, it's not going to
break out above twenty one hundred until finally we know that the Fed is cutting.
Because until everybody's on that boat, you get things like today, we're
all of a sudden, today everything's going up, and then the manufacturing PMI
comes in three tenths of one percent higher than expectations, and all of a
sudden, it's like, oh, oh, oh my god, what are
you doing. That's never gonna cut? Well, what is one little thing?
But you know, all of a sudden shows once we remove all doubt
that the FIT is now cutting, then gold will finally break out. But
in between now and then, you still get these days like today, we're
all of a sudden, who maybe we should short hiking, you know,
putting in some rate eye cards for June break, so game, the game
continues. Yeah, so mood stops, but then they'll come up with another
game. We know that how they work, you know, we know how
it works. So so interest rates are going to come down, but you
know, we could have the anomalous situation where rates come down but the Fed's
rates come down, but interest rates really don't come down at all, you
mean, like on the mid term kind of think or mortgage rates stuff like
that. Mortgage rates, Yeah, a thirty year doesn't really a ten year
doesn't come down that one. Yeah, I don't think absent you know,
economic collapse, another pandemic, you know, lockdown thing. I don't think
we're going back to one percent on the ten year note. No, And
I don't think my current mortgage that I refinanced a couple of years ago at
two and three quarters percent, I don't think I'm gonna I'm gonna let the
bank hang out of that one as long as I could stand in my house,
right. I don't think we're going back to that level a time soon.
But again, what will happen is what we've already seen. The ten
year note peaked at four forty and as recently as low as three thirty.
Okay, it's probably gonna go under three. And then inflation expectations because the
Fed, I mean, the genie's out of the bottle. They they're not
going to get it back down to one, right, expectations kind of kind
of it's a self fulfilling cycle. You get inflation and then it sticks around,
You get more inflation, you start expecting more inflation, and the thing
kind of builds on itself exactly. So the inflation expectations will go to four
as inflation hovers around continues around four, and that's probably again and that's again,
that's a long term sustainable thing, a sustainable condition for bullish expectations for
gold and silver, and that's that's where headed not to the moon alice,
but consistently higher to the point where all the miners start making money again.
That sort of thing. Yeah, the minor So let's talk about that,
okay, because if there's one sector that's been the Rodney danger fields sector with
the market with a few minor exceptions sixteen in the height of the pandemic marching
that was. But other than that, uh, this has been in the
total crapper for you. Yeah, for the better part of a decade since
twelve years twelve years, right, going keep preaching to the choir. They're
carried. I know all about that um M price suspect most people listening to
us new I mean where there's there's two problems with the mining shares. One
nobody owns them, and so you get these long periods of time where they
just do nothing except burn money. And then you get these huge surgeons,
you know, where all of a sudden, you know, your neighbor's calling
up his stockbroker, Mary Lynch, saying, hey, I need to this
gold's taken off, and the stockbroker the only one he's ever heard of,
his newmont and so he sells the guy a thousand shares a new moont B.
Yeah. Yeah, And so you get all of a sudden, these
these peaks of interest. Then the other thing that's been working against them is
that, you know, even as recently as ten years ago, if you
had like a part, you know, cut up your pie of your investment
options, you had this little sliver of outside the dollar, you know,
non non paper kind of thing, and it was gold, silver and maybe
the mining share. Well now it's bitcoin and crypto and all this other crap
that siphons away buying interest from the mining share, so that that doesn't help.
And then finally the producers they had they dig their product out of the
ground for whatever they can sell it for. But the cost of digging out
of the ground is always going up because the major cost is inflate or is
energy, and so their margins are constantly getting squeezed like this. So it's
kind of a threefold problem. But again the problem, the biggest problem is
if you get tight just a minute, you think, oh, I'm just
I'm tired of these miners. They've done nothing for three years. You give
one of those periods where they quadruple in ninety days. Yeah to the moon
Alice. Yeah. So that's and so it makes it that makes it a
very difficult sector, especially if you try to do it yourself, and it's
it's really hard to do. There's one thing that makes it even worse.
It's really four things. Is that all of these companies that are producing,
in order to finance their operations, the banks require them to hedge, and
they should hedge anyway if they sell their production into the forward market. So
when when the market takes off in seventy percent of their production is hedge,
right, virtually no profit in crew right right. And then they're hedging while
the price is going up, putting a cap on the price. I mean,
it's just maddening. Or I'll give you one more care. I've never
even thought about this before. But you know, I started doing those things,
uh, these weekly things with Eric's Brott miibe or six years ago,
and he had I kind of become friends and I was talking. So I'm
not like trying to be like mister name dropper, but I was talking to
Eric Brott last week and here's what he's I'd never thought of this, he
goes. He goes, think of what a scam this is. If in
Canada you can naked short sell things to death, there's actually a thing cause,
yeah, it's called the same Canadian Mining and issue. I've ever heard
of that. No, But okay, when you you just naked short sell
things to death. And so if you're an exploration company, costs a lot
of money. You might need ten million dollars a year just to keep going,
so you've got to constantly keep coming back and deluding your stock by doing
these private placements. Well, Eric goes, well, here's where it's such
a scamp broker. Here's about the private place, but they call it their
hedge fund clients short. They short the shit out of the stock, take
the proceeds from shorting it by the private placement, get the stock from the
private placement, and repay the short. All right. So that is a
great point you raised. And there was an article in Zero Hedge. I'm
sure you caught it a year or two ago. Canadian brokers can naked short
any stock for ten days, Yes, all right, because I believe the
theory of naked shorting was we know the shares are being shipped from New York
or from Toronto or wherever, but we need to lock in the price now
because otherwise the risk gets too high while we're waiting for this if against and
we short them. Right, yeah, but that leads to, all right,
we're going to close the position in ten days, but on day nine
or every day we're closing a ten day position, we're opening a new ten
day position. And each time they do it, they got to increase the
number of shorts. It's a cascading thing. And then when some unforeseen development
hits, you see parabolic moves in these companies that may or may not be
worth anything but their junior juniors, you know, microcaps. But all of
a sudden something happens and everybody runs to cover. Yeah, and then you
have multiple trading stops and they stop. Yeah, it happens periodically. I'm
not going to I know somebody who who was involved in what are these companies
in? And the company did a couple of things and as a result,
everyone had to cover it once and it went from three bucks to fifteen bucks
yeah, two days, Yeah, with probably a dozen trading stops. Right,
it's why they do trading stops, Craig right, ru. Yeah.
But and then the sad party, the retail guy that doesn't know how all
this stuff works, thinks, well, now it's fifteen, it's going to
forty five, and then it goes right back down to you know, to
four as they come back in and shorted again. But I think what a
scam that is. You can sit there, I mean, this company is
just trying to stay afloat, and they end up having to raise cash because
they're getting shorted to death anyway. And then the company so they do offering
a you know, ten million dollars at one and it's you know, so
like that gets announced hedge fund shorts to crap out of it. At one
goes all the way down to seventy cents, and they take their shares of
seventy cents and cover their short all right, But going back to the Canadian
thing, and it's what, it's even worse than that, because there are
certain really well healed investors that, while they don't own brokerage companies Canadian brokers,
they effectively control them, bring their order flow and through their volume.
So individuals can't do this. They have to settle within two days, and
the new rule got passed by the Canadian regulator that they have to know they
have the shares before they can short them. Right reasonably believe that they'll be
able to obtain the shore the shares in the next two days, But it
doesn't apply to brokers. So effectively, these well healed investors avoid the entire
regulatory scheme. And the other thing, Craig, is that, from my
knowledge and correct me if I'm wrong, brokers don't have to report their short
positions in Canada. I don't think that to be true. If anybody knows
otherwise, please let us know. I don't want to be disseminating false information.
But from other people I've heard they don't have to disclose their short positions.
It doesn't get get reported on the short interest reports because their market makers
and they buy and sell for their own account, you know, and they
did they do right, right, right right. If I'm wrong, though,
I'll stand correct, and I'd love to hear from any of you out
there. Yeah. So that's just some of the obstacles. But we're getting
to a point where I think any idiot with ten thousand dollars can make a
boatload of money in mining shares. Were not there yet, but that could
happen any day. It's again one of those massive runs in like like in
twenty sixteen, yeah, which was another period where the FED was playing the
rhetorical games about hiking rates and all that crap, and all of a sudden,
economy slowed down and like the Huie Index went from one hundred to almost
three hundred and eight months. Yeah, so it's there. It happens.
Yeah, and you know, the smart companies that you and I hopefully invest
in and certainly cover all of them use that time in sixteen and then also
in twenty the raise capital. That's the time their stock became liquid. Right
now these stocks are a liquid nobody wants them, but all that's about to
change. Heke Craig tell us how do we become members there at a TF
Metals Report dot com And what's in it for us? Well, first I
want to send everybody my new website, Craig and carries short the shit out
of Canadian Miners fund ss CM. I think as the U r L as
we speak. Yeah, there you go, And then we're gonna be in
trading places, you know where I'm on the beach bailing good Gary. I
love it. Yeah, look I joke, but I mean if you can't
laugh at the corrupt, how corrupt everything is, then you're just gonna absolutely
drive yourself bananas, you know. And like today, at one point,
silver was up ninety five cents and then because the manufacturing PMI for this month
came in three ticks higher than it was exposed to tip Be, the dollar
went up forty cents and silver went back down four percent. Which silver it
was about said hit Twiday's things, right, So if you're going to keep
your sanity, if anything might, maybe my site will help you do that.
Yeah, TF metals report. I I cross content every day and I
hopefully people think it's that. We'll try to help you keep pure. Thank
you, sanity. There's no guarantee, but writing no guarantee. There's links
of links to the new site and to craig site in the show notes on
Financial Survival Network dot com. And just sign up for your free newsletter while
you're there. And hey, got a question for Craiger myself, shoot us
an email kl at Kerry LUTs dot com. We've been talking about this stuff
for the better part of ten years, actually eleven, Craig, and exactly
what we said is coming to pass. Yeah, yeah, that speaks volumes.
Be aware of bitcoin again because the BTC conference is coming up in Miami
eighteen to the twentieth of May. And Mark my words, could very well
be a peak. I can't tell you for sure, but it certainly worked
that way in the past. All right, Craig, Thanks, we'll talk
to you again. Sam matt Way, it's good to see you, Carried.
Thanks for listening to carry Lets's Financial Survival Network your solution to today's trying
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