1 00:00:00,160 --> 00:00:05,480 You're listening to Carrie Letz's Financial Survival Network, where you get valuable information you 2 00:00:05,599 --> 00:00:10,880 just can't find anywhere else to thrive in today's trying times. You need the 3 00:00:10,960 --> 00:00:17,359 Financial Survival Network now more than ever. Go to Financial Survival Network dot com 4 00:00:17,359 --> 00:00:24,039 and get your free newsletter in gift Financial Survival Network now more than ever. 5 00:00:27,519 --> 00:00:32,359 Welcome you are listening to watching the Financial Survival Network. I'm Carrie Letts. 6 00:00:33,200 --> 00:00:38,280 Is it us? I'm here with Craig hemke Ef Metals Report dot com. 7 00:00:38,320 --> 00:00:42,479 Is it us? Or are we really deep fakes? And if it's just 8 00:00:42,520 --> 00:00:48,880 a big AI simulation, Craig, Hey, one sim to another. Here, 9 00:00:48,920 --> 00:00:52,359 here we are. If it was a couple of deep fakes, it 10 00:00:52,359 --> 00:00:56,759 wouldn't be our two mugs on here, that's for sure. If probably true, 11 00:00:56,759 --> 00:01:00,280 it would be Brad Pitt and George planning right right right now, right 12 00:01:00,359 --> 00:01:04,879 and in the meantime where in the midst of a bankruptcy, a bank banking 13 00:01:04,959 --> 00:01:11,599 bankruptcy, a banking collapse, it's global. I mean, what's keeping the 14 00:01:11,640 --> 00:01:17,959 banks in China from shuddering right now? Their equivalent of the FED is pumping 15 00:01:17,959 --> 00:01:23,400 out unlimited amounts of currency units. The same thing with the EU. All 16 00:01:23,439 --> 00:01:26,000 those banks are insolvent, they're all ready to collapse. I mean, I 17 00:01:26,040 --> 00:01:34,480 guess in the technical sense the big banks aren't in the US aren't on the 18 00:01:34,560 --> 00:01:38,920 brink of collapse, but there's certainly at a weekend state after what's happened. 19 00:01:40,879 --> 00:01:47,120 It is a laughable notion what's being put forth here on May Day about how, 20 00:01:47,680 --> 00:01:49,319 oh, this first Republic things over with, so now it's all good 21 00:01:49,560 --> 00:01:55,599 gerry, don't worry, everything's fine, pot mark it sells off of the 22 00:01:55,640 --> 00:02:02,120 dollar rallies and oh come on, manum two things on that one. The 23 00:02:02,680 --> 00:02:09,759 I guess the beginning stages of this crisis have come from all of the unprecedented 24 00:02:09,840 --> 00:02:15,879 rate hikes by the FED, taking us from fifty basis points in the ten 25 00:02:15,960 --> 00:02:19,599 year note to four underd and fifty basis points the real I mean run of 26 00:02:19,639 --> 00:02:23,639 the two year note from nothing to five percent in about eighteen months. Right, 27 00:02:23,000 --> 00:02:27,840 they got so far behind the curve because of their transitory bs. They 28 00:02:27,840 --> 00:02:30,960 tried to lay on everybody, but then they run off on this unprecedented scale 29 00:02:30,960 --> 00:02:35,759 of hi hi as if don't worry, everything's fine. I mean, they're 30 00:02:35,759 --> 00:02:38,879 just making it up as they go, and they're still making it up today 31 00:02:38,879 --> 00:02:42,439 with treasure officials and Jamie Diamond and the rest try to sair. Now that's 32 00:02:42,439 --> 00:02:52,080 it. Banks are sitting on a trillions really of dead that is miss or 33 00:02:52,360 --> 00:02:54,240 I guess miss priced on their ballot sheets will be a way to put it. 34 00:02:54,639 --> 00:02:59,639 After the financial crisis, they Fasby came up with the ability for them 35 00:02:59,639 --> 00:03:02,840 to arc bonds to maturity. They have ones that are in a basket that 36 00:03:02,919 --> 00:03:06,520 say they're eligible for sale, and they got to mark those to market. 37 00:03:06,520 --> 00:03:08,879 But then they can put others in a basket that are marked to maturity. 38 00:03:08,919 --> 00:03:13,479 Well, the problem is you get a rush for you know, people want 39 00:03:13,520 --> 00:03:15,960 to take their money out, which now can happen in a matter of minutes 40 00:03:15,000 --> 00:03:19,919 the way everybody's online. And the ones that you don't think you're ever going 41 00:03:20,000 --> 00:03:23,919 to have to sell and you're carrying them on your books at par they're actually 42 00:03:23,960 --> 00:03:30,479 worth eighty cents. Now you're upside down. So the notion that the only 43 00:03:30,520 --> 00:03:34,080 two banks carried there there's two. Oh, there's only two, right, 44 00:03:34,199 --> 00:03:37,759 there's only two, Silicon Valley Bank and First pub they are the only two. 45 00:03:38,199 --> 00:03:43,560 Okay, fine, the other part of this well then, actually, 46 00:03:43,599 --> 00:03:47,240 now there's three parts The other part then, is commercial real estate, which 47 00:03:47,280 --> 00:03:51,599 you and I've been talking about since COVID in twenty twenty. This was eventually 48 00:03:51,599 --> 00:03:53,280 going to be a problem not only just from an economic slowdown, but all 49 00:03:53,319 --> 00:03:57,960 these businesses that with people now getting used to working from home, they don't 50 00:03:57,960 --> 00:04:00,960 need ten thousand square feet anymore, they only need five all of that stuff. 51 00:04:01,319 --> 00:04:06,759 Who does most of that commercial real estate lending? That's your local bank, 52 00:04:08,400 --> 00:04:12,960 your first National Bank of Pittsburgh, right, Okay, So this is 53 00:04:13,000 --> 00:04:16,319 a problem at the local community bank level. That's only going to get worse. 54 00:04:17,319 --> 00:04:20,959 That's going to create even as as that crisis worse, that's going to 55 00:04:20,959 --> 00:04:26,800 create more bank failures. Third piece of this, then, what's the natural 56 00:04:26,920 --> 00:04:29,680 in a natural response, if your local banker, the guy in the Blewes 57 00:04:29,680 --> 00:04:32,040 suit, in the red tie, he's going to just start calling in things 58 00:04:32,079 --> 00:04:35,240 to say, you know what, we gotta lay a low here for a 59 00:04:35,240 --> 00:04:40,439 while just to protect ourselves at our venerable institution. We're not We're going to 60 00:04:40,560 --> 00:04:43,279 tighten our lending standards, are not going to make as many loans as we 61 00:04:43,360 --> 00:04:47,959 used to. And so the whole thing has this cycle of tightening and making 62 00:04:47,959 --> 00:04:51,639 the economy even worse, and then you spin it all back to what you 63 00:04:51,680 --> 00:04:56,079 know. The notion going around today is the FED higher for longer and everything's 64 00:04:56,079 --> 00:05:00,600 fine and strong economy. Right right, we'll see about that, hey, 65 00:05:00,879 --> 00:05:05,160 But you know, like I'm looking at the money supply figures M two and 66 00:05:05,360 --> 00:05:13,319 basically it peaked in the July of twenty twenty two, and it's been going 67 00:05:13,360 --> 00:05:19,399 down slightly slightly. But we can't afford a declining money is applied when debt 68 00:05:19,439 --> 00:05:24,720 is going up and all the fallouts are taking place. I mean, it's 69 00:05:24,800 --> 00:05:29,279 kind of counterintuitive. The other point I'd like to make is there's another stool 70 00:05:29,360 --> 00:05:34,240 of this lug that could conceivably collapse, and that is who makes all of 71 00:05:34,319 --> 00:05:44,040 these big, big office building mortgages. Besides the regionals. It's the insurance 72 00:05:44,079 --> 00:05:47,959 companies. Yeah right, No one's talking about the insurance companies, but I 73 00:05:48,000 --> 00:05:57,120 guarantee you under Dodd Frank they are considered to be a vital non bank institution 74 00:05:57,399 --> 00:06:04,480 that the FED and the Treasury can bail out up upon concern. The only 75 00:06:04,519 --> 00:06:11,240 thing is they don't have to mark their mortgages to market, but they're holding 76 00:06:11,279 --> 00:06:15,120 a lot of the paper because when you go by go to any city and 77 00:06:15,879 --> 00:06:23,319 take a ride downtown. It's all insurance company names on those buildings and banks, 78 00:06:23,839 --> 00:06:29,000 and those insurance companies aren't occupying all that space, right, there's an 79 00:06:29,040 --> 00:06:33,560 insurance company issue. And there's a difference when there's a run on an insurance 80 00:06:33,600 --> 00:06:40,800 company than a bank, obviously, but the effects can be equally as devastating. 81 00:06:40,879 --> 00:06:46,519 So what are the odds that these insurance companies are turned into banks just 82 00:06:46,600 --> 00:06:49,480 the way the big brokers were, right, wait No. Nine, So 83 00:06:49,560 --> 00:06:54,439 that then the Fed they can go to discount window and get money, right, 84 00:06:54,720 --> 00:06:58,639 And actually I remember many of them still are. Remember like even Mutual 85 00:06:58,639 --> 00:07:02,680 of Omaha back in two thousand and eight became the Mutual of Omah Bank like 86 00:07:02,720 --> 00:07:06,800 a munch exactly so that they could all cony up at the discount window or 87 00:07:06,800 --> 00:07:12,360 whatever they get their hands on overnight cash whenever they needed it. And again, 88 00:07:12,399 --> 00:07:16,160 I guess to relate this to the precious metals, I mean, at 89 00:07:16,160 --> 00:07:19,560 this point it's just wait, we'll just wait this out. I mean, 90 00:07:19,600 --> 00:07:23,920 they give you this garbage day after day, and the metals do their thing, 91 00:07:24,240 --> 00:07:28,360 go up, go down, day after day, and it's it's silly, 92 00:07:28,399 --> 00:07:30,639 but I think we I mean Carrie. We've it's like the old adage, 93 00:07:30,680 --> 00:07:35,199 we've seen this movie. We know how it ends, so why aren't 94 00:07:35,199 --> 00:07:39,560 we even paying attention during act two? Right? And it's like, Okay, 95 00:07:39,600 --> 00:07:41,600 I remember this is where they do this, and this is where she 96 00:07:41,720 --> 00:07:44,800 said that, and he says this, and when you know how it ends 97 00:07:44,800 --> 00:07:47,160 in the end anyway, and that's that's where this is all headed. They 98 00:07:47,199 --> 00:07:53,319 can pretend and paper over on a daily basis still put a headed, but 99 00:07:53,439 --> 00:07:58,480 it's a triple headed issue. The move and interest rates has created ballanshet issues, 100 00:07:59,079 --> 00:08:01,240 easy runs on banks because of where we are in twenty twenty three. 101 00:08:01,279 --> 00:08:09,040 From a technology standpoint, commercial real estate is an absolute building disaster, no 102 00:08:09,120 --> 00:08:15,319 pun intended building. And then ultimately that causes banks to lend even less, 103 00:08:15,920 --> 00:08:20,319 which makes capital, you know, working capital, everything else harder to come 104 00:08:20,319 --> 00:08:24,720 by. And it just exacerbates what was already going to be a recession and 105 00:08:24,800 --> 00:08:31,079 the slowdown. And again this is anybody can see this. What you can't 106 00:08:31,079 --> 00:08:33,919 be is misled by somebody that probably has an agenda, like a politician or 107 00:08:33,960 --> 00:08:37,879 a banker, you know. Heck, Kara I, just before we start 108 00:08:37,960 --> 00:08:41,399 recording, says something on Twitter about the recent holdings. I don't know, 109 00:08:41,440 --> 00:08:46,679 I can't remember which senator it was. But then on March sixteenth blew out 110 00:08:46,720 --> 00:08:52,879 of his first Republic Bank Corp stock right before it crashed. On March twenty 111 00:08:52,879 --> 00:08:56,480 two, bought a whole bunch of JP Morgan. So what they didn't know 112 00:08:56,519 --> 00:09:01,600 all of this obviously six weeks ago, you know. So everybody has this 113 00:09:01,759 --> 00:09:05,679 interest, you know, their own personal self interest regarding you know, regardless 114 00:09:05,679 --> 00:09:09,559 of the ethics of the morals or the laws, and they're going to say 115 00:09:09,559 --> 00:09:11,639 whatever they can to kind of front run everybody, you know, to protect 116 00:09:11,679 --> 00:09:15,919 themselves. So don't fall for this crap about it's all over and everything's fine. 117 00:09:16,840 --> 00:09:20,039 And one last thing, well, we were two days away front of 118 00:09:20,039 --> 00:09:24,159 the FED rate hike. We just had the second largest bank failure in the 119 00:09:24,279 --> 00:09:28,600 US history in terms of size of their deposit base, and yet the FEDS 120 00:09:31,639 --> 00:09:37,559 something wrong with this picture, my goodness, gracious. So so how long 121 00:09:37,639 --> 00:09:41,799 does the whole charade keep going? Though? Is the question. We've been 122 00:09:41,799 --> 00:09:46,039 in this situation many many times, you and I together over the year, 123 00:09:46,759 --> 00:09:52,039 and it keeps going right right well, and again, as I relate to 124 00:09:52,039 --> 00:09:56,120 this to the medals, you recall from our previous discussions. This year. 125 00:09:56,919 --> 00:10:00,399 You know, I write a thing in the first week of January every year, 126 00:10:00,440 --> 00:10:01,759 just if anything, just to kind of make myself think the year through 127 00:10:01,759 --> 00:10:07,039 and then hold myself accountable. And so what I wrote in January this year 128 00:10:07,720 --> 00:10:11,320 talked about, hey, look, none of this FED hiking higher for longer 129 00:10:11,360 --> 00:10:16,120 crap. The FED will be pausing and then cutting by summertime, not all 130 00:10:16,120 --> 00:10:18,960 this bank stuff, notwithstanding just that the economy was going to roll over, 131 00:10:20,000 --> 00:10:22,279 and we have an election year next year, and what do you think Bernie 132 00:10:22,279 --> 00:10:26,480 Sanders and Elizabeth Warren are going to have to say about Powell if all of 133 00:10:26,519 --> 00:10:28,200 a sudden we're deep in a recession of the first quarter of election year, 134 00:10:28,399 --> 00:10:33,639 right, and he wants to keep his job. So it's obvious what's going 135 00:10:33,720 --> 00:10:35,320 to happen. And we've again, as you just said, Carrie, we've 136 00:10:35,320 --> 00:10:39,720 seen this before. You and I have talked about this before. In twenty 137 00:10:39,000 --> 00:10:43,799 ten, there were the green shoots of the economy member all that crap, 138 00:10:43,039 --> 00:10:46,759 green shoots, green shoots, and everything was fine, and they were going 139 00:10:46,799 --> 00:10:52,039 to normalize rates and flatten out the balance sheet. And what'd you get by 140 00:10:52,080 --> 00:10:54,720 the economy slowed down in the first half of that year, and by November 141 00:10:54,799 --> 00:11:00,919 twenty ten we had QWEE number two up within the medals. Twenty eighteen. 142 00:11:01,360 --> 00:11:05,399 Everything's great, We're gonna keep shrinking the ballot sheet. We're gonna do normalize 143 00:11:05,399 --> 00:11:07,799 interest rates. Everything starts to seize up and collapse. There's no liquidity by 144 00:11:07,879 --> 00:11:13,519 June of nineteen or cutting rates up go the medals first part of this year. 145 00:11:13,559 --> 00:11:16,200 Oh, everything's great. We're gonna normalize the ballot sheet. Come on, 146 00:11:16,360 --> 00:11:22,000 man, Yeah, so we're right on track. History is shown over 147 00:11:22,120 --> 00:11:28,960 the last eight rate hike cycles. The period of time between the last hike 148 00:11:28,559 --> 00:11:35,320 and the first cut is about seventy five days. So either the class either 149 00:11:35,360 --> 00:11:39,279 they don't hike on Wednesday and the clock we're already six weeks into it, 150 00:11:39,399 --> 00:11:41,919 or they do hike Weddingsday and we're on a schedule now looking at maybe July 151 00:11:43,679 --> 00:11:46,919 for the first cut. That sounds about right. I like that. I 152 00:11:46,960 --> 00:11:50,039 think you're one hundred percent on the money, Matt. I can't see it. 153 00:11:52,399 --> 00:11:54,919 I can't see it any other way. It might be a little bit 154 00:11:54,960 --> 00:11:58,200 before, it might be a little bit after, but I would stake my 155 00:11:58,240 --> 00:12:03,200 money on July. And as long as we're in the prediction business today, 156 00:12:03,519 --> 00:12:09,200 I will predict right now bitcoin. Let the currency has been on a tear. 157 00:12:09,360 --> 00:12:13,399 They're doing great, all the believers. I mean you talk about gold 158 00:12:13,480 --> 00:12:18,080 bugs, well we got bitcoin bugs, and they believe that it's going to 159 00:12:18,440 --> 00:12:24,639 infinity. Right. But there's a little event coming up in Miami, the 160 00:12:24,720 --> 00:12:31,799 Miami Bitcoin Conference of twenty twenty three. It's coming up eighteen to five twenty. 161 00:12:31,240 --> 00:12:37,679 Set your clock because it's going to crash. I mean, this is 162 00:12:37,720 --> 00:12:43,639 always the best indicator is the Bitcoin conference. And a chair will get lots 163 00:12:43,639 --> 00:12:46,519 of hate mail over this, but I'm telling you it's going to happen. 164 00:12:46,639 --> 00:12:52,399 I know it before. You know. Twenty seventeen, it happened. Last 165 00:12:52,440 --> 00:12:58,240 year, it happened and get ready yep again, does it mean it's going 166 00:12:58,320 --> 00:13:05,440 straight to zero? But you're absolutely right. The big holders know that there's 167 00:13:05,440 --> 00:13:09,600 gonna be all this retail interest in buying bitcoin. Again. Well, if 168 00:13:09,639 --> 00:13:15,120 there's all this retail interest buying, somebody is selling, right, And so 169 00:13:15,360 --> 00:13:16,840 yeah, you're right, that's happened before. That's a word of the wise. 170 00:13:18,200 --> 00:13:20,320 Yep, yep. I'll be surprised if it doesn't. And the chart 171 00:13:20,519 --> 00:13:26,240 is looking really weak too. If you believe in such things apply to cryptocurrencies 172 00:13:26,320 --> 00:13:31,519 and we're on the brink. What about the central bank digital currency? Yeah? 173 00:13:33,320 --> 00:13:39,440 Is that coming? Are we just the all acting paranoid or is it 174 00:13:39,519 --> 00:13:43,440 real? It's very real. People have watched you and I talked for the 175 00:13:43,480 --> 00:13:46,320 last ten years. We'll remember how many times we talked about the war on 176 00:13:46,440 --> 00:13:52,080 cash, right to get rid of physical cash, and even in COVID, 177 00:13:52,120 --> 00:13:56,440 well it carries germs we've got right in cash. We wouldn't want that to 178 00:13:56,519 --> 00:14:00,200 happen. No, And you know, and it was always the only people 179 00:14:00,200 --> 00:14:03,600 that use hundred dollar bills carrier like drug dealers and bookie right, who else 180 00:14:03,639 --> 00:14:07,519 would you use it? When you when you got a card when you get 181 00:14:07,600 --> 00:14:11,879 and so they're eliminating that bit of your sovereignty and and but and then you 182 00:14:11,879 --> 00:14:16,600 know, and we've seen instances like you know, like go buy a gun 183 00:14:16,679 --> 00:14:18,919 with your visa card, you know, and it's noted with a certain code. 184 00:14:18,799 --> 00:14:22,879 Yeah, okay, So this war on cash has been going on for 185 00:14:22,919 --> 00:14:28,159 a decade. This central bank digital currency is obviously a part of that. 186 00:14:28,840 --> 00:14:33,159 I agree. Whether it gets too and I guess it probably will, I 187 00:14:33,159 --> 00:14:37,240 don't know how quickly it'll get there. But whether it gets to this draconian, 188 00:14:37,120 --> 00:14:41,960 you know, horrible dystopian future where you know, you got to get 189 00:14:41,960 --> 00:14:46,480 the government's approval to buy a pound of bananas, you know, with your 190 00:14:46,639 --> 00:14:50,320 centricy, with your currency. Whether it gets to that, we'll see. 191 00:14:50,639 --> 00:14:54,320 But I think for now why they're in such a rush to roll it out 192 00:14:54,320 --> 00:14:58,080 as so they can rescue these banks. You remember, like, um, 193 00:14:58,559 --> 00:15:03,519 it's Congress that has the spending power, right, and then the Fed buys 194 00:15:03,519 --> 00:15:07,440 the bonds and then you get the cash out in society and all that kind 195 00:15:07,440 --> 00:15:11,519 of stuff. Remember back when everything was collapsing in two thousand and eight and 196 00:15:11,519 --> 00:15:13,480 it was bank after bank. I remember the day that all of a sudden 197 00:15:13,480 --> 00:15:16,279 on CNBC it was Goldman's turn. They were coming for Goldman. Well, 198 00:15:16,320 --> 00:15:20,720 then stopped the presses. That was the end of that. Now it was 199 00:15:20,759 --> 00:15:22,879 time for tark And remember the first time they rolled up to Capitol Hill about 200 00:15:22,879 --> 00:15:26,679 TARPA was seven or billion dollars and failed. Yeah, they had to get 201 00:15:26,679 --> 00:15:31,639 authorization and it failed, and oh, Mark, it's melted down all this 202 00:15:31,679 --> 00:15:33,240 year. And then they ran up the ben burnanc up there to scare the 203 00:15:33,240 --> 00:15:37,919 ship and crap out everybody. You know, Wall Street, do Main Street 204 00:15:37,000 --> 00:15:41,399 and every you know, oh, we got to pass this seven hundred billion 205 00:15:41,399 --> 00:15:45,240 dollars. Okay. What a CBDC will do is it allow the FED to 206 00:15:45,360 --> 00:15:48,960 kind of circumvental that. You know, you get an outlet like this First 207 00:15:48,960 --> 00:15:54,000 Republic Bank, but that's too big, your local again, first National Bank 208 00:15:54,000 --> 00:15:58,960 of whatever, and they've got three billion dollars in deposits and four billion dollars 209 00:15:58,960 --> 00:16:03,120 worth of liabilities and they need a billion dollars in liquidity to get right side 210 00:16:03,200 --> 00:16:07,159 up again. The FED, through a cbdc'll just pop them a billion dollars 211 00:16:07,200 --> 00:16:11,360 of ones and zeros and nobody ever even has to know about it. I 212 00:16:11,399 --> 00:16:15,080 think that's that's the initial purpose of those things. Oh yeah, Well, 213 00:16:15,279 --> 00:16:21,720 and when you want to spur demand, because everything depends upon demand. He 214 00:16:22,159 --> 00:16:27,519 you got you got five thousand dollars worth of the CBDC in your Yeah. 215 00:16:29,080 --> 00:16:33,200 Never, it's a limited time offer. If you spend all five thousand now, 216 00:16:33,240 --> 00:16:37,600 we'll give you another thousand, right, if you don't the freshness date. 217 00:16:37,840 --> 00:16:41,440 You know, they're only eight money is going to have a freshness date 218 00:16:41,519 --> 00:16:45,799 now and you have that expiration? Are you reminding me carry I was last 219 00:16:45,840 --> 00:16:48,679 time I was mowing my law and I was doing it on my John Dear 220 00:16:48,720 --> 00:16:52,960 a little, writing a lot more. You know, I bought that sucker 221 00:16:52,039 --> 00:16:55,879 when we moved into our house in two thousand and eight. And I use 222 00:16:56,000 --> 00:17:00,759 my George Bush stimulus check. I got twenty four hundred dollar check from the 223 00:17:00,799 --> 00:17:03,799 Treasury and the mail, and you were supposed to go out and spend it. 224 00:17:03,839 --> 00:17:07,839 Do you remember this, right, you're required? Yeah, it was. 225 00:17:07,000 --> 00:17:11,839 It was stimmidd deficit spending stimulus. You had to go out and stimulate 226 00:17:11,839 --> 00:17:15,880 the economy. Here's some money and go spend it. Which is again, 227 00:17:15,920 --> 00:17:18,559 so it's not like this is unprecedented. They'll just do it now in a 228 00:17:18,559 --> 00:17:22,559 different manner, okay, And you're absolutely right that's how to work. Well, 229 00:17:22,880 --> 00:17:27,240 I'm expecting they're also the Fed's going to take a book from the way 230 00:17:27,319 --> 00:17:32,640 banking was in the seventies and the eighties to get you to open a new 231 00:17:32,640 --> 00:17:40,119 account. They're going to give toaster ovens irons um. I remember our Mitzvah 232 00:17:40,200 --> 00:17:44,039 had all this money. We opened up like eight different accounts. I got 233 00:17:44,119 --> 00:17:48,880 like a clock radio not the name uses I'll probably do not screens, right, 234 00:17:49,440 --> 00:17:55,559 all right? And your CBDC currency account today and get a free sixty 235 00:17:55,599 --> 00:18:00,319 five in lat screen. There you go. That's exactly right from Charles Bastards. 236 00:18:00,680 --> 00:18:06,799 I mean they pay nothing. They can go by one year. Uh 237 00:18:06,839 --> 00:18:11,200 it's you know, one year t bill for five percent. But yet you 238 00:18:11,319 --> 00:18:14,599 walk in and they would they'll give you one percent on a five year CD 239 00:18:15,359 --> 00:18:19,279 or a couple of pennies on your checking account or Jerry they were they're charging 240 00:18:19,359 --> 00:18:26,880 is now the highest interest rate on credit cards ever? Yeah, ever the 241 00:18:26,920 --> 00:18:32,839 Hanies or they're late seventies. I mean it's criminals, so they you know, 242 00:18:33,039 --> 00:18:36,119 but you know they all get bailed out in the end because you know 243 00:18:36,119 --> 00:18:41,759 it's who you know, I guess bailout nation. But yeah, it's it's 244 00:18:41,960 --> 00:18:45,119 uh, it's going to get real interesting. You know, all this that 245 00:18:45,200 --> 00:18:49,039 they come up with. They need LEEI. Cooker to come back because he 246 00:18:49,119 --> 00:18:53,079 was the master marketer and that he could sell anything to anyone. You know, 247 00:18:53,680 --> 00:18:56,599 So prop up the like weekend at Bernie's. Prop up the corpse of 248 00:18:56,680 --> 00:19:00,960 Li I Coo guid. Yeah, no one will know the difference. Everyone's 249 00:19:02,039 --> 00:19:03,960 dumbed down. Well, we got a corpse for president. Did I just 250 00:19:04,000 --> 00:19:08,319 say that? Yeah? Well no, you didn't say that I misheard. 251 00:19:08,599 --> 00:19:12,599 Hey, I want to go back to a prediction that you made a number 252 00:19:12,599 --> 00:19:18,759 of other metals analysts made, and everybody cried bs and you know what that 253 00:19:19,000 --> 00:19:27,720 was that prices would start to really go up when interest rates went higher and 254 00:19:27,839 --> 00:19:33,400 everything, No, that can't be writing. You know, then the T 255 00:19:33,640 --> 00:19:38,279 bills will be much more competitive against gold, and people won't give up big 256 00:19:38,440 --> 00:19:45,119 emills. And what happened We started this rate hike ground and what happened to 257 00:19:45,200 --> 00:19:49,200 gold? How about that? This is again, it's such a simple I 258 00:19:49,200 --> 00:19:52,599 don't know, I don't I feel like I'm kind of snotty to say this, 259 00:19:52,720 --> 00:19:59,079 but it's such simplistic base level analysis to say those kind of things, 260 00:19:59,240 --> 00:20:02,039 because it's it's like, it's this, it's all put that in the same 261 00:20:02,039 --> 00:20:04,039 group of people that said, well, goals do good. Look at inflations 262 00:20:04,119 --> 00:20:07,480 nine percent and it's not going up. So then you go, it's not 263 00:20:07,519 --> 00:20:11,599 even Look, it's not about the base level inflation, it's not about nominal 264 00:20:11,640 --> 00:20:15,720 interest rates. What will drive gold but Durham gold the seventies, eighties, 265 00:20:15,839 --> 00:20:23,039 nineties, everything is real interest rates, inflation adjusted interest rates. And this 266 00:20:23,119 --> 00:20:29,440 is why the period we're entering into now of stagflation is going to be good 267 00:20:29,440 --> 00:20:33,359 for gold. To this, like stagflation in the late seventies carry when you 268 00:20:33,400 --> 00:20:38,359 were just getting back from NOAM. It puts good for goal because if you 269 00:20:38,440 --> 00:20:42,680 have negative real interest rates, which means the rate of return on your fixed 270 00:20:42,680 --> 00:20:48,559 income is actually over time when you adjusted for inflation negative, then gold, 271 00:20:48,599 --> 00:20:52,160 which doesn't pay a dividend. They always tell me, looks free, damn 272 00:20:52,160 --> 00:20:56,720 good. And that's where we're heading into again. FED is going to be 273 00:20:56,119 --> 00:21:02,839 cutting rates and the longer term rates are going to be falling because people are 274 00:21:02,920 --> 00:21:04,559 looking at it, you know, and looking for anything that they can do. 275 00:21:04,599 --> 00:21:07,559 And you know, we go from three and a half down to three 276 00:21:07,640 --> 00:21:11,680 down to two and a half, but inflation expectations or remaining elevated and getting 277 00:21:11,680 --> 00:21:15,960 worse. So with stagflation, that's what happens. So you end up when 278 00:21:17,000 --> 00:21:22,359 you compute your real interest rates off of current interest rates but also inflation expectations, 279 00:21:22,400 --> 00:21:26,039 we're gonna end up getting back to negative one, negative two percent, 280 00:21:26,440 --> 00:21:30,160 and that just drives gold higher and higher, not straight up none of this. 281 00:21:30,400 --> 00:21:33,359 Always laugh when people I see people say, oh gold, once it 282 00:21:33,400 --> 00:21:34,599 gets through two thousand, it's going straight to three thousand. I'm like, 283 00:21:34,599 --> 00:21:38,279 no, it's not that's not how it works. It'll go to twenty three 284 00:21:38,400 --> 00:21:42,839 hundred, and then it'll pool around for a while and consolidate and everybody'll get 285 00:21:42,960 --> 00:21:45,519 used to it, and then it'll go to twenty five hundred and eventually go 286 00:21:45,559 --> 00:21:48,759 to three thousand. But it's not going to go from two thousand and three 287 00:21:48,759 --> 00:21:51,480 thousand in a month. That's just not how it works. And it's not 288 00:21:51,559 --> 00:21:55,160 just straight up inflation, or it's not just nominal interest rates to drive the 289 00:21:55,200 --> 00:22:00,319 prices. So real interest rates exactly exactly, and they're all negative real interest 290 00:22:00,440 --> 00:22:07,880 rates, right yeah, right, Well again, you think of what drives 291 00:22:07,920 --> 00:22:12,759 the price in sadly still in twenty twenty three is the futures price. So 292 00:22:12,920 --> 00:22:17,720 you think of, okay, well, who buys and sells the futures contracts? 293 00:22:17,799 --> 00:22:21,119 Mainly hedge funds against the banks. A lot of those hedge funds are 294 00:22:21,160 --> 00:22:26,119 done by algorithm HIH frequency trading, and those funds are programmed to follow real 295 00:22:26,160 --> 00:22:30,880 interest rates, so not off just a month over months CPI, it's off 296 00:22:30,920 --> 00:22:36,599 of inflation expectations. So right now, the ten year inflation expectations are about 297 00:22:36,839 --> 00:22:40,680 a little over three percent the ten year notes about three and a half percent, 298 00:22:41,039 --> 00:22:45,480 and so you can calculate that as a positive real interest rate. What 299 00:22:45,640 --> 00:22:49,200 will happen is that tenuere inflation expectation go to four, and the ten year 300 00:22:49,279 --> 00:22:52,400 note will go under three, and now you're negative one again. And that's 301 00:22:52,400 --> 00:22:56,759 when gold just continues to rise and rise. Not there yet, and golden 302 00:22:56,799 --> 00:23:00,799 won't break out. It's I've been saying this year, it's not going to 303 00:23:00,839 --> 00:23:06,759 break out above twenty one hundred until finally we know that the Fed is cutting. 304 00:23:06,880 --> 00:23:08,799 Because until everybody's on that boat, you get things like today, we're 305 00:23:08,799 --> 00:23:14,240 all of a sudden, today everything's going up, and then the manufacturing PMI 306 00:23:14,359 --> 00:23:18,039 comes in three tenths of one percent higher than expectations, and all of a 307 00:23:18,079 --> 00:23:19,279 sudden, it's like, oh, oh, oh my god, what are 308 00:23:19,319 --> 00:23:23,799 you doing. That's never gonna cut? Well, what is one little thing? 309 00:23:23,880 --> 00:23:27,640 But you know, all of a sudden shows once we remove all doubt 310 00:23:27,680 --> 00:23:30,559 that the FIT is now cutting, then gold will finally break out. But 311 00:23:30,640 --> 00:23:33,400 in between now and then, you still get these days like today, we're 312 00:23:33,440 --> 00:23:37,279 all of a sudden, who maybe we should short hiking, you know, 313 00:23:37,359 --> 00:23:42,599 putting in some rate eye cards for June break, so game, the game 314 00:23:42,680 --> 00:23:48,279 continues. Yeah, so mood stops, but then they'll come up with another 315 00:23:48,359 --> 00:23:52,119 game. We know that how they work, you know, we know how 316 00:23:52,119 --> 00:23:56,960 it works. So so interest rates are going to come down, but you 317 00:23:56,000 --> 00:24:02,799 know, we could have the anomalous situation where rates come down but the Fed's 318 00:24:02,880 --> 00:24:07,039 rates come down, but interest rates really don't come down at all, you 319 00:24:07,079 --> 00:24:11,440 mean, like on the mid term kind of think or mortgage rates stuff like 320 00:24:11,480 --> 00:24:15,759 that. Mortgage rates, Yeah, a thirty year doesn't really a ten year 321 00:24:15,839 --> 00:24:19,799 doesn't come down that one. Yeah, I don't think absent you know, 322 00:24:21,319 --> 00:24:26,079 economic collapse, another pandemic, you know, lockdown thing. I don't think 323 00:24:26,119 --> 00:24:29,079 we're going back to one percent on the ten year note. No, And 324 00:24:29,160 --> 00:24:32,519 I don't think my current mortgage that I refinanced a couple of years ago at 325 00:24:32,559 --> 00:24:34,799 two and three quarters percent, I don't think I'm gonna I'm gonna let the 326 00:24:34,839 --> 00:24:37,200 bank hang out of that one as long as I could stand in my house, 327 00:24:37,359 --> 00:24:41,039 right. I don't think we're going back to that level a time soon. 328 00:24:41,119 --> 00:24:42,799 But again, what will happen is what we've already seen. The ten 329 00:24:42,839 --> 00:24:48,119 year note peaked at four forty and as recently as low as three thirty. 330 00:24:48,160 --> 00:24:52,079 Okay, it's probably gonna go under three. And then inflation expectations because the 331 00:24:52,200 --> 00:24:55,720 Fed, I mean, the genie's out of the bottle. They they're not 332 00:24:55,759 --> 00:24:59,880 going to get it back down to one, right, expectations kind of kind 333 00:24:59,880 --> 00:25:03,000 of it's a self fulfilling cycle. You get inflation and then it sticks around, 334 00:25:03,039 --> 00:25:04,519 You get more inflation, you start expecting more inflation, and the thing 335 00:25:04,599 --> 00:25:08,480 kind of builds on itself exactly. So the inflation expectations will go to four 336 00:25:08,720 --> 00:25:14,880 as inflation hovers around continues around four, and that's probably again and that's again, 337 00:25:14,920 --> 00:25:19,960 that's a long term sustainable thing, a sustainable condition for bullish expectations for 338 00:25:21,039 --> 00:25:25,559 gold and silver, and that's that's where headed not to the moon alice, 339 00:25:26,039 --> 00:25:30,119 but consistently higher to the point where all the miners start making money again. 340 00:25:30,200 --> 00:25:33,359 That sort of thing. Yeah, the minor So let's talk about that, 341 00:25:33,599 --> 00:25:37,960 okay, because if there's one sector that's been the Rodney danger fields sector with 342 00:25:37,119 --> 00:25:44,640 the market with a few minor exceptions sixteen in the height of the pandemic marching 343 00:25:45,079 --> 00:25:51,839 that was. But other than that, uh, this has been in the 344 00:25:52,160 --> 00:25:56,799 total crapper for you. Yeah, for the better part of a decade since 345 00:25:57,000 --> 00:26:03,000 twelve years twelve years, right, going keep preaching to the choir. They're 346 00:26:03,039 --> 00:26:07,440 carried. I know all about that um M price suspect most people listening to 347 00:26:07,519 --> 00:26:11,599 us new I mean where there's there's two problems with the mining shares. One 348 00:26:11,480 --> 00:26:15,680 nobody owns them, and so you get these long periods of time where they 349 00:26:15,759 --> 00:26:22,400 just do nothing except burn money. And then you get these huge surgeons, 350 00:26:22,480 --> 00:26:23,839 you know, where all of a sudden, you know, your neighbor's calling 351 00:26:23,880 --> 00:26:26,599 up his stockbroker, Mary Lynch, saying, hey, I need to this 352 00:26:26,720 --> 00:26:30,200 gold's taken off, and the stockbroker the only one he's ever heard of, 353 00:26:30,240 --> 00:26:33,640 his newmont and so he sells the guy a thousand shares a new moont B. 354 00:26:34,119 --> 00:26:37,359 Yeah. Yeah, And so you get all of a sudden, these 355 00:26:37,400 --> 00:26:41,799 these peaks of interest. Then the other thing that's been working against them is 356 00:26:41,839 --> 00:26:45,440 that, you know, even as recently as ten years ago, if you 357 00:26:45,440 --> 00:26:49,680 had like a part, you know, cut up your pie of your investment 358 00:26:49,680 --> 00:26:55,119 options, you had this little sliver of outside the dollar, you know, 359 00:26:55,279 --> 00:26:59,319 non non paper kind of thing, and it was gold, silver and maybe 360 00:26:59,359 --> 00:27:03,319 the mining share. Well now it's bitcoin and crypto and all this other crap 361 00:27:03,359 --> 00:27:06,799 that siphons away buying interest from the mining share, so that that doesn't help. 362 00:27:07,119 --> 00:27:11,319 And then finally the producers they had they dig their product out of the 363 00:27:11,319 --> 00:27:14,799 ground for whatever they can sell it for. But the cost of digging out 364 00:27:14,799 --> 00:27:18,519 of the ground is always going up because the major cost is inflate or is 365 00:27:18,160 --> 00:27:25,680 energy, and so their margins are constantly getting squeezed like this. So it's 366 00:27:25,759 --> 00:27:27,799 kind of a threefold problem. But again the problem, the biggest problem is 367 00:27:29,200 --> 00:27:32,440 if you get tight just a minute, you think, oh, I'm just 368 00:27:32,759 --> 00:27:36,079 I'm tired of these miners. They've done nothing for three years. You give 369 00:27:36,119 --> 00:27:38,799 one of those periods where they quadruple in ninety days. Yeah to the moon 370 00:27:38,839 --> 00:27:44,079 Alice. Yeah. So that's and so it makes it that makes it a 371 00:27:44,160 --> 00:27:48,000 very difficult sector, especially if you try to do it yourself, and it's 372 00:27:48,240 --> 00:27:51,279 it's really hard to do. There's one thing that makes it even worse. 373 00:27:51,319 --> 00:27:56,359 It's really four things. Is that all of these companies that are producing, 374 00:27:56,079 --> 00:28:02,359 in order to finance their operations, the banks require them to hedge, and 375 00:28:02,480 --> 00:28:06,960 they should hedge anyway if they sell their production into the forward market. So 376 00:28:07,039 --> 00:28:11,079 when when the market takes off in seventy percent of their production is hedge, 377 00:28:11,319 --> 00:28:15,880 right, virtually no profit in crew right right. And then they're hedging while 378 00:28:15,880 --> 00:28:19,200 the price is going up, putting a cap on the price. I mean, 379 00:28:19,240 --> 00:28:22,880 it's just maddening. Or I'll give you one more care. I've never 380 00:28:22,880 --> 00:28:26,680 even thought about this before. But you know, I started doing those things, 381 00:28:26,960 --> 00:28:30,119 uh, these weekly things with Eric's Brott miibe or six years ago, 382 00:28:30,119 --> 00:28:33,119 and he had I kind of become friends and I was talking. So I'm 383 00:28:33,160 --> 00:28:36,680 not like trying to be like mister name dropper, but I was talking to 384 00:28:36,799 --> 00:28:41,559 Eric Brott last week and here's what he's I'd never thought of this, he 385 00:28:41,599 --> 00:28:44,480 goes. He goes, think of what a scam this is. If in 386 00:28:44,519 --> 00:28:48,839 Canada you can naked short sell things to death, there's actually a thing cause, 387 00:28:48,440 --> 00:28:52,559 yeah, it's called the same Canadian Mining and issue. I've ever heard 388 00:28:52,599 --> 00:28:55,920 of that. No, But okay, when you you just naked short sell 389 00:28:56,000 --> 00:29:00,599 things to death. And so if you're an exploration company, costs a lot 390 00:29:00,599 --> 00:29:03,680 of money. You might need ten million dollars a year just to keep going, 391 00:29:03,000 --> 00:29:07,519 so you've got to constantly keep coming back and deluding your stock by doing 392 00:29:07,559 --> 00:29:10,559 these private placements. Well, Eric goes, well, here's where it's such 393 00:29:10,599 --> 00:29:12,799 a scamp broker. Here's about the private place, but they call it their 394 00:29:12,799 --> 00:29:17,799 hedge fund clients short. They short the shit out of the stock, take 395 00:29:17,839 --> 00:29:22,279 the proceeds from shorting it by the private placement, get the stock from the 396 00:29:22,279 --> 00:29:26,440 private placement, and repay the short. All right. So that is a 397 00:29:26,519 --> 00:29:33,079 great point you raised. And there was an article in Zero Hedge. I'm 398 00:29:33,119 --> 00:29:37,200 sure you caught it a year or two ago. Canadian brokers can naked short 399 00:29:37,279 --> 00:29:45,079 any stock for ten days, Yes, all right, because I believe the 400 00:29:45,079 --> 00:29:49,440 theory of naked shorting was we know the shares are being shipped from New York 401 00:29:49,559 --> 00:29:56,000 or from Toronto or wherever, but we need to lock in the price now 402 00:29:56,119 --> 00:30:00,799 because otherwise the risk gets too high while we're waiting for this if against and 403 00:30:00,960 --> 00:30:04,720 we short them. Right, yeah, but that leads to, all right, 404 00:30:04,720 --> 00:30:08,400 we're going to close the position in ten days, but on day nine 405 00:30:08,759 --> 00:30:12,880 or every day we're closing a ten day position, we're opening a new ten 406 00:30:12,960 --> 00:30:18,359 day position. And each time they do it, they got to increase the 407 00:30:18,440 --> 00:30:26,079 number of shorts. It's a cascading thing. And then when some unforeseen development 408 00:30:26,160 --> 00:30:30,839 hits, you see parabolic moves in these companies that may or may not be 409 00:30:30,880 --> 00:30:34,279 worth anything but their junior juniors, you know, microcaps. But all of 410 00:30:34,319 --> 00:30:41,960 a sudden something happens and everybody runs to cover. Yeah, and then you 411 00:30:41,079 --> 00:30:45,200 have multiple trading stops and they stop. Yeah, it happens periodically. I'm 412 00:30:45,200 --> 00:30:52,079 not going to I know somebody who who was involved in what are these companies 413 00:30:52,079 --> 00:30:56,079 in? And the company did a couple of things and as a result, 414 00:30:56,200 --> 00:31:00,359 everyone had to cover it once and it went from three bucks to fifteen bucks 415 00:31:00,519 --> 00:31:06,519 yeah, two days, Yeah, with probably a dozen trading stops. Right, 416 00:31:06,559 --> 00:31:10,400 it's why they do trading stops, Craig right, ru. Yeah. 417 00:31:10,920 --> 00:31:14,960 But and then the sad party, the retail guy that doesn't know how all 418 00:31:15,039 --> 00:31:17,759 this stuff works, thinks, well, now it's fifteen, it's going to 419 00:31:17,799 --> 00:31:19,640 forty five, and then it goes right back down to you know, to 420 00:31:19,720 --> 00:31:23,799 four as they come back in and shorted again. But I think what a 421 00:31:23,880 --> 00:31:27,079 scam that is. You can sit there, I mean, this company is 422 00:31:27,079 --> 00:31:32,599 just trying to stay afloat, and they end up having to raise cash because 423 00:31:32,640 --> 00:31:37,079 they're getting shorted to death anyway. And then the company so they do offering 424 00:31:37,079 --> 00:31:41,839 a you know, ten million dollars at one and it's you know, so 425 00:31:41,920 --> 00:31:45,440 like that gets announced hedge fund shorts to crap out of it. At one 426 00:31:45,640 --> 00:31:48,880 goes all the way down to seventy cents, and they take their shares of 427 00:31:48,960 --> 00:31:52,200 seventy cents and cover their short all right, But going back to the Canadian 428 00:31:52,319 --> 00:31:56,559 thing, and it's what, it's even worse than that, because there are 429 00:31:56,559 --> 00:32:05,079 certain really well healed investors that, while they don't own brokerage companies Canadian brokers, 430 00:32:05,119 --> 00:32:08,319 they effectively control them, bring their order flow and through their volume. 431 00:32:08,640 --> 00:32:13,559 So individuals can't do this. They have to settle within two days, and 432 00:32:14,000 --> 00:32:19,039 the new rule got passed by the Canadian regulator that they have to know they 433 00:32:19,039 --> 00:32:22,720 have the shares before they can short them. Right reasonably believe that they'll be 434 00:32:22,720 --> 00:32:25,759 able to obtain the shore the shares in the next two days, But it 435 00:32:25,799 --> 00:32:32,720 doesn't apply to brokers. So effectively, these well healed investors avoid the entire 436 00:32:34,200 --> 00:32:37,839 regulatory scheme. And the other thing, Craig, is that, from my 437 00:32:37,960 --> 00:32:43,480 knowledge and correct me if I'm wrong, brokers don't have to report their short 438 00:32:43,519 --> 00:32:47,839 positions in Canada. I don't think that to be true. If anybody knows 439 00:32:49,279 --> 00:32:53,279 otherwise, please let us know. I don't want to be disseminating false information. 440 00:32:53,680 --> 00:32:58,880 But from other people I've heard they don't have to disclose their short positions. 441 00:32:59,200 --> 00:33:05,839 It doesn't get get reported on the short interest reports because their market makers 442 00:33:05,920 --> 00:33:08,440 and they buy and sell for their own account, you know, and they 443 00:33:08,480 --> 00:33:14,519 did they do right, right, right right. If I'm wrong, though, 444 00:33:14,559 --> 00:33:16,160 I'll stand correct, and I'd love to hear from any of you out 445 00:33:16,200 --> 00:33:21,319 there. Yeah. So that's just some of the obstacles. But we're getting 446 00:33:21,319 --> 00:33:25,880 to a point where I think any idiot with ten thousand dollars can make a 447 00:33:25,880 --> 00:33:30,519 boatload of money in mining shares. Were not there yet, but that could 448 00:33:30,599 --> 00:33:34,519 happen any day. It's again one of those massive runs in like like in 449 00:33:34,599 --> 00:33:37,480 twenty sixteen, yeah, which was another period where the FED was playing the 450 00:33:37,559 --> 00:33:40,680 rhetorical games about hiking rates and all that crap, and all of a sudden, 451 00:33:40,720 --> 00:33:45,960 economy slowed down and like the Huie Index went from one hundred to almost 452 00:33:45,000 --> 00:33:49,720 three hundred and eight months. Yeah, so it's there. It happens. 453 00:33:50,440 --> 00:33:55,240 Yeah, and you know, the smart companies that you and I hopefully invest 454 00:33:55,319 --> 00:34:00,640 in and certainly cover all of them use that time in sixteen and then also 455 00:34:00,720 --> 00:34:07,480 in twenty the raise capital. That's the time their stock became liquid. Right 456 00:34:07,480 --> 00:34:12,119 now these stocks are a liquid nobody wants them, but all that's about to 457 00:34:12,239 --> 00:34:15,800 change. Heke Craig tell us how do we become members there at a TF 458 00:34:15,840 --> 00:34:21,000 Metals Report dot com And what's in it for us? Well, first I 459 00:34:21,039 --> 00:34:24,679 want to send everybody my new website, Craig and carries short the shit out 460 00:34:24,679 --> 00:34:31,119 of Canadian Miners fund ss CM. I think as the U r L as 461 00:34:31,159 --> 00:34:37,119 we speak. Yeah, there you go, And then we're gonna be in 462 00:34:37,159 --> 00:34:43,880 trading places, you know where I'm on the beach bailing good Gary. I 463 00:34:43,960 --> 00:34:47,199 love it. Yeah, look I joke, but I mean if you can't 464 00:34:47,320 --> 00:34:52,639 laugh at the corrupt, how corrupt everything is, then you're just gonna absolutely 465 00:34:52,719 --> 00:34:57,039 drive yourself bananas, you know. And like today, at one point, 466 00:34:57,559 --> 00:35:05,719 silver was up ninety five cents and then because the manufacturing PMI for this month 467 00:35:05,760 --> 00:35:08,920 came in three ticks higher than it was exposed to tip Be, the dollar 468 00:35:09,039 --> 00:35:15,119 went up forty cents and silver went back down four percent. Which silver it 469 00:35:15,159 --> 00:35:19,039 was about said hit Twiday's things, right, So if you're going to keep 470 00:35:19,079 --> 00:35:22,559 your sanity, if anything might, maybe my site will help you do that. 471 00:35:22,280 --> 00:35:27,800 Yeah, TF metals report. I I cross content every day and I 472 00:35:28,000 --> 00:35:30,559 hopefully people think it's that. We'll try to help you keep pure. Thank 473 00:35:30,599 --> 00:35:36,920 you, sanity. There's no guarantee, but writing no guarantee. There's links 474 00:35:36,920 --> 00:35:40,360 of links to the new site and to craig site in the show notes on 475 00:35:40,400 --> 00:35:45,360 Financial Survival Network dot com. And just sign up for your free newsletter while 476 00:35:45,360 --> 00:35:51,079 you're there. And hey, got a question for Craiger myself, shoot us 477 00:35:51,079 --> 00:35:55,079 an email kl at Kerry LUTs dot com. We've been talking about this stuff 478 00:35:55,440 --> 00:36:00,840 for the better part of ten years, actually eleven, Craig, and exactly 479 00:36:00,840 --> 00:36:06,920 what we said is coming to pass. Yeah, yeah, that speaks volumes. 480 00:36:07,280 --> 00:36:12,440 Be aware of bitcoin again because the BTC conference is coming up in Miami 481 00:36:12,960 --> 00:36:17,960 eighteen to the twentieth of May. And Mark my words, could very well 482 00:36:19,000 --> 00:36:22,280 be a peak. I can't tell you for sure, but it certainly worked 483 00:36:22,320 --> 00:36:24,440 that way in the past. All right, Craig, Thanks, we'll talk 484 00:36:24,480 --> 00:36:27,880 to you again. Sam matt Way, it's good to see you, Carried. 485 00:36:28,360 --> 00:36:34,519 Thanks for listening to carry Lets's Financial Survival Network your solution to today's trying 486 00:36:34,599 --> 00:36:38,519 times. For the latest, go to Financial Survival Network dot com. Financial 487 00:36:38,639 --> 00:36:42,800 survival Network now more than ever