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The main play in Gold and Silver
was to as an investment to make money.

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What it really is far more than
that, especially what you can rig

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the game is it's a life insurance
policy. You're listening to Carrie Leutz's Financial

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Survival Network, where you get valuable
information you just can't find anywhere else to

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thrive in today's trying times. You
need the Financial Survival Network now more than

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ever. Go to Financial Survivalnetwork dot
com and get your free newsletter and gift.

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Financial Survival Network now more than ever. And welcome you are listening to

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and watching the Financial Survival Network.
I'm your host, Carrie Letz. Well,

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our good friend Daryl Shoon is with
us now. You find his work

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at d R Shoon f choo dot
com. And hey, Daryl, you're

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forward thinker. So that we have
to worry about AI or will we wind

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up killing ourselves before AI can get
around to it. Carrie, Let's let's

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uh, my answer on AI is
SIS as the answer to everything? Or

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what kind of answer it is.
Let's dial back to the Middle Ages,

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all right, Like let's say twelve
hundred and we had some rudimentary form of

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AI. Then if we asked AI
is the world flat, The answer would

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be yes, I mean, without
a doubt. Yeah, oh no,

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everybody's thought, from anybody who'd written
anything, and probably was in Latin.

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All right, is the world flat? The answer would equivocently be yes.

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All right. So that's my thought. I mean, it's like I am

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sure, Carrie, I mean what
the fact One of my sayings is what

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you don't understand is explained by what
you don't know, all right, which

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is true? All right? Would
you? I don't understand it is explained

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by what you don't know. So
if there's more information, then it's probably

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in that information. Well, the
the idea that AI is going to go

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through that information and find what's true
or not is only dependent on whether it

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is the prevailing thought form of the
moment. Mm hmm. All right.

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So if you asked, AI,
shouldn't Galileo be put to death? Yes?

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Right, right? And and then
it will probably say and throwing Copernicus

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for boot to boot, Yeah,
both get rid of from Yeah, I

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mean, and it's it's not that
it's it's it's like it's like Google and

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steroids, okay, and you know, and and my thought is he's sure

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it has application, but The truth
is, it's not more information that's our

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problem. I mean we're browning.
Yeah, okay, And and it's like

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I made a joke about the CIA. I said, is if control didn't

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work in the past or dictators,
if control didn't work in the past,

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more control is gonna work in the
future. And that's how it is with

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information. If we if are,
if we say, if we it appears

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that we have insufficient information, more
information is gonna solve. I don't think

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that's true. I think find me, I think I think. I mean,

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for example, I'm so far off
the charts carry because of my background.

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I don't think like anybody, Okay, And in fact, I came

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into this thing from a totally different
point of view. In fact, I'm

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gonna go on, I'm about to
launch TikTok this week, all right,

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And that's a totally different audience than
the one we're speaking. Yeah, the

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one we're speaking it out is they
don't need ai for gold, silk for

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things like that, all right.
I Mean, everybody's on the same page,

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basically, you know, we differ
as to what's gonna happen with but

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we're on saye page, TikTok hotly
if an audience totally off your approach.

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And so what I realized was I
came out in a different way. But

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but I think in that's this for
what we're talking about today. In two

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thousand and seventh, when I wrote
my book Time of the Vulture, all

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right, I predicted a severe economic
crash, A crisis was going to happen,

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followed by a catastrophic collapse. Did
E COmON? That was in two

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thousand and seven. In two thousand
and eight, in September, the crisis

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happened. Bear Stearns went down,
AIG went down, the whole thing started

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going down, all right. Then, So the crisis happened, but the

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complete economic collapse didn't. Why that
because in two oh nine the central backs

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did something they had never done before
called quantitative easy. All right. Now,

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my metaphor for TikTok is the economy
is like a toilet jingling to handle

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no longer works. Okay, yeah, I mean I had the shift to

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TikTok, all right. So I
came up with that, all right.

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And what I said was in two
thousand and eight they were januaryd and it

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didn't work. About so what the
handle of the economic toilet as bro Kennedy,

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it's broken that holy shit, all
right. And so what happened is

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because I realized that in four months
this is we're in trouble. So what

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they did in January two thousand and
nine is they began doing something they'd never

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done before quantitative visa. And my
metaphor is what they did was they put

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a garden a water hose in the
toilet day all right. Why because when

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they took gold and silver out of
money, it had no value and what

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it merely became was circulating credit and
debt oka sitting around. And what happens

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is when debt's default, which is
what happens in a speculative crash like the

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subprime crash and the Dark Karf crash. When you have a severe crash specuative

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crash, debts can't be repaid.
Everybody's on the calm, you can't make

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good. I mean, they bet
start calling in money. What we call

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money disappears, all right, because
it's not really money as we knew it.

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Then, all right, it's circulating
credit and debt. And so when

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it's no longer circulating, what we
think is money appears to this isaper it's

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not there anymore, all right.
So that's what they started doing in two

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thousand and nine, in two thousand
and every time after that because the boys

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who control the game, it's not
I thought about the gain of the banker's

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gang capitalism because we could talk about
skinning the game. You can't do me

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this week, Arry. It is
a game. It's the banker's gang,

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and it's our skin. The bankers
are play where it's our collected deposits,

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savers, deposits that go into bag
that allows the banks to leverage to make

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ten times to twelve times the amount
of loans on that and load it back

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to us at quadruple the interest rate
based on the loans that they're giving us

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for our our CD or our Are
you knowing what it's like? As if

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the casino was actually gambling at their
own casino with with every all the money

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they won. Right, it's from
us, yes, and that's what it

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is. So the heights no longer
is the house. No, but it's

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true. So what happens is in
two thousand and nine they had to put

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a garden hose in the water tank. Just keep it going to fleshy,

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all right, because people would notice, holy shit, I'll work it.

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So and they know if this isn't
right, because it's strung when you start,

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because the guard because when they had
when they liqui faded, when they

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put more money in, what that
means is they're putting more credit into the

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system, all right, and the
consequence of credit is debt. It goes

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in his credit and immediately becomes debt. So though they know, they knew

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the longer that O's was in the
tank with with with the extreme amounts,

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with the water pressure way up,
that's not good for the toilet. Yeah,

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we're all right that that it's a
balance with you credit debt. And

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so every time, and so what
happened with the toilet, with the water

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holes in the toilet, tank stocks
started going up again, prices going Oh

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so everybody who was in finances got
richer. What because they are closest to

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the water hose. Everybody downstream,
retirees, workers, you know, you

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don't get it. Everyge you don't
even have access to it, all right,

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I mean so, but the boys
at the front and they get access,

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they can jiggle with it. So
but but what they tried to do

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over the next decade, they tried
to take the hose out of the tank

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because they knew it wasn't good.
Every time they did that, carry the

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stock park went all right. Oh, they got whoa back, so they

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put it back in. All right, use every time they tried to take

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it out. Of twenty sixteen,
they tried to make it out boat didn't

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work, stay back again, all
right, But they knew they had to

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normalize it. But this became impossible
at two twenty when COVID did. COVID

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froze economic not only frozen, it
contracted all around the world. The average

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contraction of global credit dett icime was
forty seven percent. All right, that

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man debts were not going to get
paid. It was going to collapse.

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So what they did was instead of
the garden hose with water, they put

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putting fire hose in. Fire hose. Yeah, fire hose, boom,

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fire hose, all right, boom. Because COVID money just totally disappeared.

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So to keep you stigulating that a
fire hose in it. And what happened

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was this, those at the front
of the line that fit finance community,

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they got really rich. I mean
really the houses went up by an average

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of forty seven percent. So if
you owned the home, your house,

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your stock portfolio, everything you had, you're so stinging rints man, you

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never had it so good. Okay, but those but because you had acid

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inflation, they had so much money
important into it. This time it just

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didn't cause acid inflation. It caused
general inflation. The price rise of necessities

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went up. So the front boys
of the firm of the line were richer

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than ever and the ones who were
at the back of the line they could

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no longer afford rent or grocery up. And that's where we are today,

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all right, we're And when they
couldn't afford rent or groceries, that meant

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that the fan had slow the rate
of the the hose. Okay, what

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he what happened? Stocks went down
Boa and the stock boys go, wow,

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this is good for us, because
if it goes down keeps going down,

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it's gonna affect the general economy and
they're gonna have to turn the fire

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hose back on. So they front
were on this and that's why stocks went

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back up, not because things are
better, because the boys in the casino

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anticipate they're gonna they the window,
you know, the teller window is gonna

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have to liquefy the game again.
All right, Well, what those boys

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are they're really freaked out because now
they're betwetter walk in a hard place.

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So the hope for the boys who
are playing the who are the tables?

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They want they want the the the
the fire hose to turn back on again.

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The central backers want to withdraw liquidity
safely. And my TikTok uh,

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what is it? Conclusion is the
one is gonna get what they want.

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The boys are not going to be
able. They're not gonna be able to

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turn it on. And got to
the moon and the and the and the

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central bankers are not going to be
able to withdraw the liquidity safely. We

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are and we the fifteen years that
they bought when they put the fire hose

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in. It's over quantitative easy is
like it is like steroids. They work

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for a while. Hey and just
like just like the fire hose. Well,

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look what happens when you have a
little glitch and some code and half

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the world's computers stop functioning? Does
that a them? Also? That's absolutely

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right. What's happened is when it
becomes so hyper, when it because things

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become so big. What was inconsequential
before can become consequential. And I think

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that's what Nassine Taled talked about.
That's why he called them black swans,

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because what wasn't a problem five years
ago when the system was operating at ten

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percent is a problem when the system
is at a one hundred and twenty percent

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of capacity. Yes, you could
have faced it at five percent, but

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not when it's running over capacity.
I think he called it frangility or something

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like that. Yeah, fragilita,
it's fragile. Yeahah, that's fragility.

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Yeah, fragility. Yeah, yeah, Yeah, that's exactly what it is.

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Complex systems get more and more compliments, more complaint and then they,

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you know, they fail at some
point. Right carry, we're walking on

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water and we don't know it.
But the only sense of knowing that we

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have. Everybody in the pit of
their stemmach knows they don't know what's going

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on, and they know it's bigger
than that, right. They don't want

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to out, They don't want to
know. Ignorance is truly bliss. Right.

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Well, it seems to be the
only option we've got these days to

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say. So you're not medication,
Hey, you know what will Rogers said,

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ignorance got us into this mess,
and ignorance will get us out.

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Well, that's good. That guy
was nasty. That was that was a

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nasty thought. So, like,
you know, like I realized, these

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masters of the universe didn't know what
the hell they were doing. No mortgage

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crisis hit because they weren't making money
really in any of their other businesses other

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than some M and A. So
they figured out they could take these mortgages

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and break them up into tranches and
all that and all they did was like

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over leverage and yah. Having been
in the credit space for my whole adult

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life, it was like to me, an emperor has no closed moment that

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these guys don't know anything because all
they knew. All they did was leverage

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up already leveraged products that were you
know, inherently worthless, a lot of

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them. But you know it's amazing, Daryl, is that when all was

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said and done and the bailouts came
and everything else, they reinflated the home

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prices and again mortgage backed securities made
fabulous profits. Yes, Kerry, the

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very interesting thing is that they do
know what they're doing. They don't know

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how to care, how to make
it safe. But they do know how

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to make money. That's all they
know, and they don't care the risk

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is causing because the risk is really
ultimately advertised by society. They always,

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as governments, need the banks to
borrow and live for another day. So

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they got a catbird seat. So
you know the thing about what you talked

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about the Morgan's backed securities, how
they went to how they invested in these

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different tranches. The story behind how
the NBS got to where it was was

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was that Drexel Burnham had come up
with a hybrid bond. Okay. Now

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bonds are rated triple A, double
a a you know into the jutt okay

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and triple a's a savest. Well, what Drekschel came up with and they

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passed on it was that at fifty
percent of the bond over fifty percent is

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triple A, the rescue be shit. So it's like going to your grossy

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going to going to your really expensive
restaurant and you're getting a hamburger of what

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and it says, weggy, you'll
be you know, and you love that

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Japanese the way you right right,
and you chop it into it. But

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what they've done is because they needed
to make more money. Is that they've

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been You didn't know that the restaurant
was allowed to put forty five percent Canter

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grade in in that meat. Can
you notice there was a little off right,

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not? But the price was the
same, you know. And that's

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where the deal get inside job because
the boys who controlled the game, their

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purpose is to keep the game going, and they're flying by the seat of

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their pants. Scary, that's it, you know, Oh, you got

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it. You know, they're flying
by the seat of the advans. Hey,

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you know, I'm surprised there are
as many states death whose rated triple

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A are better. I guess you
can't get much better as there are,

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you know, like Florida, you
would think, but Georgia and the Minnesota,

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Iowa, well they're conservative Iowa and
Indiana. It's just amazing. But

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then like Kentucky is like in the
toilet, you know, and Illinois is

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the worst. Yeah, Illinois is
the worst of the Yeah. You know

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the reason. You know, there
was a guy named Irving Weiss, and

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you may have been familiar because he
was writing a lot when we started our

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deal. Okay, Irving, not
not Irving, his father was Irving Weiss.

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All right. I forget his name, but his in fact, his

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father had made his fortune during the
Great Depression, shortening the stock mark,

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all right, and it was hard
at them, okay. And and the

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younger wise had come up with a
company that rated banks and bonds, and

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you know, they gave real ratings. And the truth is this, Carrie,

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the ones who are doing the ratings, it's sort of like the accounting

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firms. Yeah, they're they're what
they're what they're allegedly supposed to do is

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give us truth, all right,
how okay, But what they're really supposed

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to do is keep the game going. Yeah, if if the counting firms

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were totally truthful, they wouldn't have
gotten away with en Rod and this I

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mean I you know right now in
China, uh, Price Waterhouse Cooper,

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Oh yeah, their ship. Why
because the Chinese they're new to the game,

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okay, and they sort of trust
the system in ways they should so

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when so, you know, they're
making all this money on their on their

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property bubble Okay. When a bove
would be flated, it showed that Price

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water House Cooper, who is the
auditor of Banky, of all of Evergreene,

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of all the Chinese. You know
they're because why they're a big name.

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You buy a big company, put
in your brand up, your stick

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on the door, PwC. You
know, on it. You know.

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So when they fail, what the
investors did in China was about they blamed

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it in Price Waterhouse. The truth
is everybody in the business had to lie,

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like Price Waterhouse. If you weren't
willing to lie and validate it here,

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lose the business. Yeah, Moody
is all that. You can't do

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it. We'll find somebody who said
else. Yeah, oh Bill, okay,

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fine, you're gonna play hard ball
with this and say we don't pass

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the stress test. Hey, alphone
of Fred, he's you're bringing up.

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And you kne who Fred was?
He used to work for him, Yeah,

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you know. And so the whole
system, the whole system is exactly

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what you said. It's it's out
of control. It's too complex, and

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it's and and and and the reason
why it's going is that it's produced revenue.

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Because it hadn't produced revenue, it
would have fallen by the wayside,

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to beget you don't think anyone then
they wouldn't be have any So what's happened

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is it's still going, but it's
going on gas, it's going on on

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fields Field, you know. So
here we are mm hmm. Wow.

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Yeah, it's quite a quite a
mess you've gotten using into here, Darryl.

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You know, I wrote my novel, but you sha't always get what

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you went. I said, and
I talked about looking at that. The

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scene was pretty much this dark view, and my note was, I don't

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00:20:51,880 --> 00:20:57,599
know why I had to be the
one looking out the window. Oh man,

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00:20:57,720 --> 00:21:00,640
what a mess. Many years ago, we used to go to parties

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here and Martha would ten tell me
before we went to the party, says,

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don't say anything. These people want
to have a good time. Doubt

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00:21:11,960 --> 00:21:21,680
doubts douncts. Yeah, yeah,
she's not saying that now, though,

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is she. No, Well,
we don't go any parties anymore. But

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because I plumbed everybody out, solved
that problem, didn't you. That's right?

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My in defense, I could say, well they were drinking more after

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I left. Good for the liquor
stores. All right, So we go.

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We always go wind up at the
same place we start, which is

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gold and silver. Right, gold. I've always said that golden silk.

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You know. The main play in
Gold and Silver was too as an investment

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00:21:55,440 --> 00:22:00,400
to make money, but it really
is far and more than that, especially

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when you can rig the game.
Is it's a life insurance policy. Okay,

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00:22:04,240 --> 00:22:10,240
it's it's a Gold and silver is
a It is a life insurance policy

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00:22:10,640 --> 00:22:14,839
on the system itself, on the
system of credit and debt. Light.

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00:22:15,079 --> 00:22:21,839
Gold and silver is a life insurance
policy on the lifespan of fiat credit money.

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That's exactly what it is. And
the boy, there's so much money

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00:22:26,400 --> 00:22:33,240
in fiat money that they've been able
to manipulate the price for as long as

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00:22:33,279 --> 00:22:36,759
we're here. But now you can
see how the pressure is building because of

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00:22:36,799 --> 00:22:40,519
the last year it's gone up twenty
percent. Well, the truth is it

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00:22:40,599 --> 00:22:45,440
would be far higher if they it
was a free float, but they done

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00:22:45,480 --> 00:22:51,400
it. So gold and silver,
that's it. Gold silver. Take your

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00:22:51,440 --> 00:22:56,839
breath, Sit back, and you
know, I'm not saying to enjoy yourself,

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because you can't enjoy yourself with these
times too problematical. But at least

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00:23:02,319 --> 00:23:06,839
you will get through this and be
able to grow, because somebody's going to

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grow again. It's humanity. It's
gonna come up. And generally it's always

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00:23:11,519 --> 00:23:18,920
been better as as doctor Hackett Fisher, David Hackett Fisher said, we go

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through cycles of growth collapse, growth
collapse, and every cycle we go higher

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00:23:25,480 --> 00:23:29,400
and higher and higher. So my
feeling has always been a better world is

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00:23:29,480 --> 00:23:33,240
coming. The present world is collapsing. What used to work no longer does,

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00:23:33,559 --> 00:23:38,440
which is a side of the dives. Gold and silver is your is

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00:23:38,519 --> 00:23:42,599
your transit. It's going to get
you through so you can be here and

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00:23:42,759 --> 00:23:48,200
start growing in the next cycle.
Been to agree with you more and I

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00:23:48,279 --> 00:23:53,119
took your advice to heart thirteen fourteen
years ago, and no regrets. And

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00:23:53,799 --> 00:23:56,359
the only regret is that I didn't
buy more when I could have. But

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00:23:56,799 --> 00:24:00,680
hey, what can you do?
Just it? It works? So all

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00:24:00,759 --> 00:24:04,240
right? Hey, Daryll always a
pleasure. Make sure you check out Daryl's

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00:24:04,279 --> 00:24:11,039
site dr shoon dot com and check
out TikTok. What's the tick yet?

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00:24:11,119 --> 00:24:15,200
I mean, is it very TikTok? Daryl Robert June author, But no,

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00:24:15,640 --> 00:24:18,119
I haven't posted an yet. I'm
gonna start posting in the next two

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00:24:18,160 --> 00:24:25,000
weeks. I'm gonna subscribe and I'll
comment. And hey, question for Daryl

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00:24:25,079 --> 00:24:30,559
or myself k l at carrie lets
dot com. Send an email Daryll Always

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00:24:30,599 --> 00:24:33,240
a Pleasure. We'll talk to you
again real soon, same here. Thanks

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00:24:33,279 --> 00:24:40,079
for listening to Carrie Let's this.
Financial Survival Network your solution to today's trying

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00:24:40,240 --> 00:24:45,880
times. For the latest, go
to Financial Survivalnetwork dot com. Financial Survival

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00:24:45,000 --> 00:24:48,359
Network now more than ever,