1
00:00:00,120 --> 00:00:03,080
Speaker 1: Unless you're doing eight billion dollars a year in distribution

2
00:00:03,919 --> 00:00:07,839
from their nation. They're not giving you a license to

3
00:00:07,879 --> 00:00:11,240
be able to export silver. Silver has become that important,

4
00:00:11,560 --> 00:00:14,160
especially as you know in the twenty first century here,

5
00:00:15,240 --> 00:00:18,600
it takes a tremendous amount of silver to create specifically

6
00:00:18,679 --> 00:00:21,079
solar panels. That's the number one use of silver. And

7
00:00:21,199 --> 00:00:24,199
China's trying to electrify their nation. I think everyone's trying

8
00:00:24,239 --> 00:00:27,719
to electrify. We've got again these data centers AI, they

9
00:00:27,719 --> 00:00:29,000
are not slowing down.

10
00:00:29,160 --> 00:00:32,960
Speaker 2: You are listening to Carrie Let's's Financial Survival Network, where

11
00:00:33,000 --> 00:00:36,399
you get valuable information you just can't find anywhere else

12
00:00:36,960 --> 00:00:40,560
to thrive in today's trying times. You need the Financial

13
00:00:40,640 --> 00:00:45,759
Survival Network now more than ever. Go to Financial Survivalnetwork

14
00:00:45,759 --> 00:00:49,520
dot com and get your free newsletter and gift. Financial

15
00:00:49,640 --> 00:00:53,079
Survival Network now more than ever.

16
00:00:56,560 --> 00:01:00,600
Speaker 3: And welcome you are listening to and watching the Financial

17
00:01:00,640 --> 00:01:04,680
Survival Network. I'm your host, Carrie Lutz. David Strzuski is

18
00:01:04,719 --> 00:01:10,480
with us and now one of my favorite guests. And David,

19
00:01:10,599 --> 00:01:13,159
it's great to have you back on. First thing, we've

20
00:01:13,200 --> 00:01:15,640
got to be with a Gary. First thing, we got

21
00:01:15,640 --> 00:01:18,719
to talk about gold and silver. I know you're a

22
00:01:18,719 --> 00:01:22,840
big metal guy like I am, and you got substantial

23
00:01:22,920 --> 00:01:27,840
holdings in someplace in the world. One hundred and fifteen

24
00:01:27,959 --> 00:01:32,840
dollars silver be just the beginning, isn't it.

25
00:01:32,959 --> 00:01:35,879
Speaker 1: I mean, Carrie, what we're seeing right now is structural.

26
00:01:36,560 --> 00:01:39,480
This is not a like simple little thing that's going

27
00:01:39,560 --> 00:01:41,599
to get pumped up and it's going to be falling down.

28
00:01:42,280 --> 00:01:45,519
What we're looking at right now is a massive change

29
00:01:45,519 --> 00:01:49,879
and actually a revaluation of physical metals. You know, very specifically,

30
00:01:49,920 --> 00:01:54,680
silver has a very important commercial use in the twenty

31
00:01:54,760 --> 00:01:56,680
first century. So if we're going to be creating AI,

32
00:01:56,799 --> 00:01:58,920
we're going to be having solar panels, we're going to

33
00:01:58,959 --> 00:02:00,920
be connecting chips and side out of our cell phones,

34
00:02:01,560 --> 00:02:04,319
we've got to have silver in order to be able

35
00:02:04,359 --> 00:02:07,319
to connect those chips and so. Unlike gold, which ends

36
00:02:07,400 --> 00:02:11,080
up in a vault, silver is consumed sixty percent of

37
00:02:11,080 --> 00:02:14,960
it is consumed and like maybe forty percent vaulted. In fact,

38
00:02:15,080 --> 00:02:17,400
it's kind of interesting, you know, we've got this gold

39
00:02:18,080 --> 00:02:21,439
standard that we've historically looked at maybe that was ten

40
00:02:21,479 --> 00:02:24,319
to one, twelve to one, fifteen to one, based upon

41
00:02:24,639 --> 00:02:27,919
how much we could find of silver to gold at

42
00:02:27,960 --> 00:02:31,759
various times historically. Well in twenty twenty five, I just

43
00:02:31,840 --> 00:02:34,919
ran the numbers. Seven and a half to one is

44
00:02:34,960 --> 00:02:38,759
actually the real ratio with modern technology that we have

45
00:02:38,840 --> 00:02:40,879
here today. And yet we look at that price one

46
00:02:40,919 --> 00:02:43,840
hundred and fifteen to fifty three hundred and gold we're

47
00:02:43,879 --> 00:02:46,520
looking at about forty six to one still and so

48
00:02:46,680 --> 00:02:50,159
this is not even close to actual the real pricing

49
00:02:50,400 --> 00:02:52,159
of what's going on. If that's seven and a half

50
00:02:52,159 --> 00:02:57,080
to one, silver is used in solar and lockeed missiles

51
00:02:57,159 --> 00:03:01,039
and everything else, is it actually even more rare than

52
00:03:01,080 --> 00:03:04,039
seven and a half to one, I would argue absolutely.

53
00:03:03,520 --> 00:03:06,759
Speaker 4: Yeah, oh, no question, Yeah, for sure.

54
00:03:07,319 --> 00:03:09,879
Speaker 1: Percent Over the last twelve months. I mean, that's been

55
00:03:09,879 --> 00:03:13,280
really good for my family. But I believe this is

56
00:03:13,439 --> 00:03:16,759
just beginning, and you know, and the world is just

57
00:03:16,800 --> 00:03:19,280
waking up to it. In fact, sixty forty doesn't even

58
00:03:19,319 --> 00:03:22,479
have an allocation to it, and I think that that's

59
00:03:22,479 --> 00:03:24,639
about to change in a very very very significant way.

60
00:03:25,199 --> 00:03:28,520
Speaker 4: You know. It's amazing, David. I love silver too.

61
00:03:28,800 --> 00:03:33,639
Speaker 3: I've been I've been stacking for better part of twenty years,

62
00:03:34,280 --> 00:03:36,560
and you know, for an individual, I got a nice

63
00:03:36,599 --> 00:03:41,919
little horde of it, and it's stashed around the world.

64
00:03:43,560 --> 00:03:49,400
Speaker 4: But a silver dollar was one dollar is now like

65
00:03:49,520 --> 00:03:52,360
close to ninety dollars, you know that.

66
00:03:53,319 --> 00:03:57,960
Speaker 1: Yeah, here's a here's a is that a round US

67
00:03:58,240 --> 00:04:01,960
one dollar ounce? And it's and so a one ounce

68
00:04:02,039 --> 00:04:08,240
coin US silver eagle is worth one dollar as a currency,

69
00:04:08,719 --> 00:04:11,159
but it's only worth or but it's worth one hundred

70
00:04:11,159 --> 00:04:14,840
and fifteen outside of this plus a premium just because

71
00:04:14,840 --> 00:04:16,639
we got a mint. It it's not just this paper

72
00:04:16,680 --> 00:04:19,839
price thing. But I got Canadian here, I got Britannica's

73
00:04:19,879 --> 00:04:23,399
here too, and so you know, I'm a big believer

74
00:04:23,680 --> 00:04:25,720
in what we've got going on. But that shows you

75
00:04:25,759 --> 00:04:29,319
the inflation. What was a dollar? A dollar was equivalent

76
00:04:29,360 --> 00:04:31,720
to a one ounce of silver in the past, but

77
00:04:31,759 --> 00:04:34,240
not today. One hundred and fifteen to one tells you

78
00:04:34,279 --> 00:04:36,800
what we've actually done to our currency with printing.

79
00:04:37,399 --> 00:04:39,319
Speaker 4: Yeah, yeah, this is so true.

80
00:04:39,360 --> 00:04:43,959
Speaker 3: And you know, basically a bag of a junk silver

81
00:04:44,519 --> 00:04:48,439
a dollar's worth is worth the over eighty dollars now,

82
00:04:48,800 --> 00:04:52,319
I mean, that's what our money has turned into. It's

83
00:04:52,480 --> 00:04:57,040
it's quite amazing. I suggest anybody wants to find out

84
00:04:57,040 --> 00:05:00,759
more about it, go to coinflation dot com. It will

85
00:05:00,800 --> 00:05:04,279
give you the value of every coin minted in the

86
00:05:04,360 --> 00:05:09,079
US and Canada other places over the past one hundred

87
00:05:09,199 --> 00:05:10,079
plus years.

88
00:05:10,759 --> 00:05:12,040
Speaker 4: And it's an eye opener.

89
00:05:12,639 --> 00:05:16,319
Speaker 3: And actually I'm doing a silver report because you know,

90
00:05:16,360 --> 00:05:19,839
the media, like you can always count on them to

91
00:05:19,959 --> 00:05:24,199
miss the story. What's happening now with Canada and particularly

92
00:05:24,240 --> 00:05:31,120
Western Canada is a whole strategic realignment. The US wants

93
00:05:31,560 --> 00:05:36,920
what I call the Northwest Resource Corridor, and it goes

94
00:05:37,040 --> 00:05:42,199
from the like Montana and the Dakota's, the Northern Great

95
00:05:42,279 --> 00:05:47,839
Plains up to Alaska, and that is an area rich

96
00:05:48,000 --> 00:05:53,839
in minerals, in gold, silver, oil, Alberta, all of it.

97
00:05:54,519 --> 00:05:58,600
And so that's what's being set up here. You know,

98
00:05:58,680 --> 00:06:02,160
the whole thing of Trump being an imperialist or whatever

99
00:06:02,759 --> 00:06:08,040
he's what he's doing is securing the hemisphere, Frank, whatever

100
00:06:08,240 --> 00:06:10,800
is going to come next, which you know something's coming,

101
00:06:11,480 --> 00:06:16,240
but the media, like globalist media, can't can't get their

102
00:06:16,279 --> 00:06:19,560
heads out of their butts long enough to actually see

103
00:06:19,600 --> 00:06:20,519
what's happening here.

104
00:06:21,279 --> 00:06:24,000
Speaker 1: No, and just to be honest, you know, North America

105
00:06:24,040 --> 00:06:28,920
also includes Mexico, and Mexico has a tremendous silver deposits

106
00:06:28,920 --> 00:06:32,079
in it, and so again this is a very important idea,

107
00:06:32,079 --> 00:06:34,279
including Venezuela by the way, I mean, not only do

108
00:06:34,360 --> 00:06:36,879
they have old oil, but they have gold and silver. Yeah,

109
00:06:36,879 --> 00:06:39,439
and they were very strategic flow for the black and

110
00:06:39,519 --> 00:06:43,160
gray market that was going into China of the metals,

111
00:06:43,560 --> 00:06:46,959
and so by you know, that action in Venezuela, we

112
00:06:47,000 --> 00:06:50,560
actually slowed that down significantly because they weren't marking to

113
00:06:50,600 --> 00:06:54,120
the market, they weren't declaring that these assets were being produced,

114
00:06:54,120 --> 00:06:56,000
and so there was a lot of imports that were

115
00:06:56,000 --> 00:06:59,360
going in or exports rather from Venezuela to different places.

116
00:06:59,680 --> 00:07:01,800
And so you know, even even China and what they're

117
00:07:01,839 --> 00:07:05,160
doing right as of January first, unless you're doing eight

118
00:07:05,279 --> 00:07:10,160
billion dollars a year in distribution from their nation, they're

119
00:07:10,199 --> 00:07:13,360
not giving you a license to be able to export silver.

120
00:07:13,639 --> 00:07:17,000
Silver has become that important, especially as you know in

121
00:07:17,040 --> 00:07:20,600
the twenty first century here, it takes a tremendous amount

122
00:07:20,600 --> 00:07:23,800
of silver to create specifically solar panels. That's the number

123
00:07:23,800 --> 00:07:27,000
one use of silver. And China's trying to electrify their nation.

124
00:07:27,360 --> 00:07:29,879
I think everyone's trying to electrify. We've got again these

125
00:07:30,000 --> 00:07:33,279
data centers AI. They are not slowing down. You and

126
00:07:33,279 --> 00:07:35,759
I were talking, you know, a little bit before we

127
00:07:36,079 --> 00:07:39,480
just started recording here and we were talking about, well, hey,

128
00:07:39,560 --> 00:07:42,720
you know, if there's a multi billion dollar data center

129
00:07:42,759 --> 00:07:44,800
that's going in and silver goes up in price by

130
00:07:44,839 --> 00:07:47,519
fifty percent, you know, what's the real impact to this thing?

131
00:07:47,800 --> 00:07:50,120
You know, fifty million, one hundred million. I mean that's

132
00:07:50,120 --> 00:07:52,160
a significant number. But does that mean that they're going

133
00:07:52,199 --> 00:07:55,560
to stop the project? Not a chance. This is this

134
00:07:55,600 --> 00:07:59,439
is just a cost of doing business. And the reality

135
00:07:59,519 --> 00:08:02,000
is is that you know, the paper market, which is crazy.

136
00:08:02,000 --> 00:08:04,480
We could talk about that. You know, people that buy

137
00:08:04,600 --> 00:08:08,079
just like SLV and they're holding you know, what they

138
00:08:08,120 --> 00:08:10,680
believe is just the price ratio on silver. Welly, and

139
00:08:10,720 --> 00:08:12,480
I don't want to hold it physically. I want to

140
00:08:12,519 --> 00:08:14,839
just you know, hold it on as a stock. Okay, Well,

141
00:08:14,839 --> 00:08:18,199
that's an idea. You should be aware though, that there

142
00:08:18,240 --> 00:08:21,439
are at least two hundred and fifty claims on that

143
00:08:21,480 --> 00:08:25,399
one ounce of silver that's held there physically, to as

144
00:08:25,439 --> 00:08:28,160
many as four hundred and eight claims against that one

145
00:08:28,199 --> 00:08:30,360
ounce of silver, depending on what we're talking about and

146
00:08:30,399 --> 00:08:32,960
the numbers that are actually true. And so the point

147
00:08:33,039 --> 00:08:34,480
is is that not everyone's going to be able to

148
00:08:34,480 --> 00:08:37,919
get that metal and there's a significant lack in it.

149
00:08:38,000 --> 00:08:41,919
So they're able to pump the market based upon these

150
00:08:41,960 --> 00:08:45,159
future contracts. And now what's what's incredible is if you

151
00:08:45,200 --> 00:08:48,000
look at the futures contracts, we've got anywhere from forty

152
00:08:48,039 --> 00:08:51,480
to sixty million ounces of silver coming out of the

153
00:08:51,559 --> 00:08:55,360
commeas facilities every single month. And so people aren't trying

154
00:08:55,360 --> 00:08:58,000
to buy this on margin. These these these these nations

155
00:08:58,000 --> 00:09:00,559
aren't buying on margin. The video is not buying on margin.

156
00:09:00,559 --> 00:09:04,279
They're buying They're buying for the actual delivery. And so

157
00:09:05,440 --> 00:09:08,399
this is a trend that is not good for the

158
00:09:08,440 --> 00:09:12,279
financial markets in certain regards because we're about to see

159
00:09:12,679 --> 00:09:15,639
these prices go parabolic and one fifteen is just a start.

160
00:09:15,840 --> 00:09:17,600
I mean, Jim Rickards is right. Gold is going to

161
00:09:17,600 --> 00:09:20,159
go to twenty four thousand, and by the way, what

162
00:09:20,360 --> 00:09:22,639
silver's price at that point, And really that comes down

163
00:09:22,679 --> 00:09:24,320
to the gold of silver ratio is a ten to

164
00:09:24,360 --> 00:09:26,200
one that they that they valued at I'd be twenty

165
00:09:26,200 --> 00:09:29,360
four hundred dollars for silver. So I'm a massive believer

166
00:09:29,440 --> 00:09:32,960
in this move. It's just math and it's just a

167
00:09:32,960 --> 00:09:33,519
matter of time.

168
00:09:33,600 --> 00:09:36,440
Speaker 3: I couldn't agree with you more and not just because

169
00:09:36,440 --> 00:09:39,360
I'm happy because it's going up. I'm happy that it's

170
00:09:39,399 --> 00:09:43,559
going up, but not necessarily for the reasons. But what's

171
00:09:43,600 --> 00:09:47,360
going to happen to happen here is that the government

172
00:09:47,440 --> 00:09:52,039
is going to say, we don't care what price we

173
00:09:52,200 --> 00:09:56,919
have to have it, and then you'll never you won't

174
00:09:56,960 --> 00:10:01,080
be looking at or grades. Like one company that I

175
00:10:01,240 --> 00:10:06,519
work with, they hit a massive vein up in Canada

176
00:10:07,080 --> 00:10:11,799
and they got like five hundred grams per ton of

177
00:10:12,039 --> 00:10:16,279
silver and it went up to even like fifteen hundred

178
00:10:16,360 --> 00:10:21,600
in certain spots. So that is economically feasible. But we're

179
00:10:21,600 --> 00:10:25,440
going to get to the point here, David, where economic

180
00:10:25,519 --> 00:10:30,240
feasibility isn't going to matter. How much can they produce

181
00:10:30,360 --> 00:10:34,000
as a result of it. I'm skeptical, but certainly they

182
00:10:34,000 --> 00:10:35,519
can increase it in the margin.

183
00:10:36,879 --> 00:10:38,240
Speaker 4: You know, they might only be able to.

184
00:10:38,200 --> 00:10:42,960
Speaker 3: Increase it ten fifteen percent more. You know, everything is

185
00:10:43,039 --> 00:10:47,559
changing here, the financial system's changing, and you know at

186
00:10:47,559 --> 00:10:51,559
some point they'll be running campaigns that it's your your duty,

187
00:10:51,879 --> 00:10:56,120
your patriotic duty to sell your metal to the government,

188
00:10:56,559 --> 00:10:59,960
no thank you price, who knows, And that goal to

189
00:11:00,120 --> 00:11:05,399
silver ratio is quickly going to become an irrelevance. See, yeah,

190
00:11:05,600 --> 00:11:09,120
look how much silver has gone up. I made the

191
00:11:09,120 --> 00:11:12,480
call if you were a subscriber to my sub stack.

192
00:11:12,559 --> 00:11:16,000
I made the coal in early May when silver broke

193
00:11:16,120 --> 00:11:17,080
thirty two fifty.

194
00:11:17,559 --> 00:11:18,200
Speaker 4: This was it.

195
00:11:18,720 --> 00:11:22,240
Speaker 3: Load the wagon, you know, bring the you know, by

196
00:11:22,279 --> 00:11:26,279
as much as you possibly can, and don't look back.

197
00:11:26,759 --> 00:11:30,720
Speaker 4: And it's more than tripled since then. Yeah.

198
00:11:30,799 --> 00:11:34,720
Speaker 1: I was out in New York last January and basically

199
00:11:34,799 --> 00:11:36,519
started the year out doing a bunch of shows all

200
00:11:36,559 --> 00:11:39,240
over the place, and I think silver was about twenty

201
00:11:39,320 --> 00:11:41,559
nine to fifty per ounce, and I was asked, Hey,

202
00:11:42,000 --> 00:11:44,159
what's your annual prediction. What do you think it's going

203
00:11:44,200 --> 00:11:45,840
to end at. I said, it'll be above seventy by

204
00:11:45,840 --> 00:11:48,240
the end of the year. People like, what above seventy?

205
00:11:48,519 --> 00:11:51,559
I'm like, absolutely, And so for all the reasons that

206
00:11:51,600 --> 00:11:54,080
we just mentioned, but also just a dovetail off of

207
00:11:54,120 --> 00:11:56,919
what you just shared. You know, you can't just go

208
00:11:56,960 --> 00:12:01,039
and print more silver specifically, or gold or rare earth minerals.

209
00:12:01,039 --> 00:12:02,480
We've got to find these things, we've got to mind

210
00:12:02,519 --> 00:12:05,559
these things. And even in a drill baby drill economy

211
00:12:05,600 --> 00:12:08,080
where you can cut some red tape, you know, it's

212
00:12:08,080 --> 00:12:11,559
still probably six years on the low end, but probably

213
00:12:11,600 --> 00:12:14,080
eight years to actually even get a new mine into production.

214
00:12:14,759 --> 00:12:17,279
And so it takes tons and tons and tons of

215
00:12:17,360 --> 00:12:22,240
rock to mine it in order to get these strategic minerals,

216
00:12:20,840 --> 00:12:25,279
and ultimately, we don't have the ability to just you know,

217
00:12:25,519 --> 00:12:28,120
pause the clock of needing you know what's going on

218
00:12:28,279 --> 00:12:31,000
with you know, next quarters in Navidio chip deliveries. No,

219
00:12:31,080 --> 00:12:34,840
we got to actually you know, have this stuff available

220
00:12:34,840 --> 00:12:39,159
in order to be able to continue with the production

221
00:12:39,240 --> 00:12:42,200
of our economy. And so we've not priced in the changes.

222
00:12:42,519 --> 00:12:45,080
We've not priced in what it takes to actually mine

223
00:12:45,120 --> 00:12:47,159
these companies. And so that's why, you know, people that

224
00:12:47,200 --> 00:12:49,799
are just getting involved for the first time in physical metals,

225
00:12:50,360 --> 00:12:52,879
I think that it's important that they would consider actually

226
00:12:52,879 --> 00:12:56,120
investing in metal miners. You know, when you look at

227
00:12:56,120 --> 00:12:59,080
the ratio of what they own under the ground. I

228
00:12:59,120 --> 00:13:01,440
think in many of the cases of silver miners, I mean,

229
00:13:01,519 --> 00:13:04,720
don't quote me specifically, but I think it's somewhere around

230
00:13:04,799 --> 00:13:07,600
like one dollar per ounce in many of these silver

231
00:13:07,720 --> 00:13:11,320
miners for the dollars that are underground, maybe it's twenty

232
00:13:11,360 --> 00:13:14,279
dollars on a high end to produce an ounce of silver. Well,

233
00:13:14,440 --> 00:13:16,759
here's the point. The input costs haven't gone up nearly

234
00:13:16,840 --> 00:13:19,639
as much as the actual value of that which is underground.

235
00:13:19,639 --> 00:13:22,799
So I call that a misvaluation. And so if you

236
00:13:22,840 --> 00:13:25,960
want to understand what I'm doing personally, I personally have

237
00:13:26,639 --> 00:13:30,960
nearly one hundred percent of my entire financial accounts and

238
00:13:30,960 --> 00:13:33,879
in companies that I'm investing in actually in metal miners

239
00:13:33,960 --> 00:13:38,120
right now because I believe so significantly in the undervalued

240
00:13:38,200 --> 00:13:41,759
nature of that part of the industry. Why sixty forty

241
00:13:41,799 --> 00:13:44,759
doesn't even have an allocation to it. Why because we're

242
00:13:44,799 --> 00:13:48,399
not repricing these ounces that are in the ground nearly

243
00:13:49,159 --> 00:13:51,440
to what the price of the above ground is. And

244
00:13:51,480 --> 00:13:54,159
so if we continue to trend in the right direction here,

245
00:13:54,200 --> 00:13:56,600
which is higher prices on silver and gold, I mean,

246
00:13:56,639 --> 00:13:58,720
I'm calling that the right direction because that's his math,

247
00:13:58,759 --> 00:14:01,720
and I'm saying that that's going to happen, then these

248
00:14:01,759 --> 00:14:03,600
companies are going to be the most profitable companies in

249
00:14:03,600 --> 00:14:05,440
the entire world. And so my opinion is they're going

250
00:14:05,480 --> 00:14:07,519
to lead the next three years, five years, maybe even

251
00:14:07,559 --> 00:14:10,639
ten years of the entire sectors of the market. We're

252
00:14:10,639 --> 00:14:14,039
going to get back to manufacturing and having to secure

253
00:14:14,080 --> 00:14:17,240
this stuff especially with China's constraint on these assets and

254
00:14:17,240 --> 00:14:20,159
the fact that they have such a significant percentage of

255
00:14:20,200 --> 00:14:23,600
the above ground assets and the refinery power.

256
00:14:23,799 --> 00:14:27,080
Speaker 3: And a couple other things. So when you start looking

257
00:14:27,120 --> 00:14:35,240
at things strategically, Trump's desire to basically restore order in Mexico. Yeah,

258
00:14:35,639 --> 00:14:38,200
it isn't just about drugs coming over. I think a

259
00:14:38,200 --> 00:14:42,639
lot of the drugs have been interdicted not happening. Mexico

260
00:14:42,919 --> 00:14:46,759
largest producer of silver in the world, that's right. And

261
00:14:47,360 --> 00:14:52,200
I've talked to minors in Mexico and you can't ask

262
00:14:52,240 --> 00:14:55,120
them out right how much are you paying the cartels

263
00:14:55,159 --> 00:14:58,159
to let you produce? But the cartels are getting their

264
00:14:58,240 --> 00:15:01,679
cut and write any of these so they'll always say, well,

265
00:15:01,679 --> 00:15:04,679
it's safe in our a are you here, or you know,

266
00:15:04,720 --> 00:15:07,480
we have the army here or whatever. It's like, I'm

267
00:15:07,519 --> 00:15:11,559
not buying it Mexico. That's why it has to be

268
00:15:11,600 --> 00:15:15,919
stabilized because of resources as as Canada.

269
00:15:15,799 --> 00:15:20,159
Speaker 1: You know, so just because you know, I mean, and

270
00:15:20,200 --> 00:15:23,000
by the way, Mexico's should be a very close trade partner.

271
00:15:23,320 --> 00:15:25,320
I mean, does this mean that at some point in

272
00:15:25,360 --> 00:15:27,480
the future that there is like a fifty first state

273
00:15:27,519 --> 00:15:30,200
of Canada and maybe Mexico gets adopted to I mean,

274
00:15:30,960 --> 00:15:33,480
I could definitely theorize that this could happen and that

275
00:15:33,519 --> 00:15:37,240
we have like a North American dollar because we're backing

276
00:15:37,240 --> 00:15:39,159
it with the gold, we're backing it based on production.

277
00:15:39,279 --> 00:15:43,799
GDP becomes united because we need to strategically align if

278
00:15:43,840 --> 00:15:47,559
we more hemispherically become divided, if God forbid, a w

279
00:15:47,799 --> 00:15:51,639
W three scenario shows up. But yeah, I've actually been

280
00:15:52,279 --> 00:15:55,320
calling this that that Trump will go down to Mexico,

281
00:15:55,759 --> 00:15:58,720
He'll start addressing the cartels, He'll start addressing this and

282
00:15:59,080 --> 00:16:02,200
making this you know. And by the way, if we

283
00:16:02,679 --> 00:16:05,320
deport somebody and we can actually give them a job

284
00:16:05,840 --> 00:16:07,840
because we think that they're a good person, and we

285
00:16:07,840 --> 00:16:11,320
can give them a job working in Mexico and mining

286
00:16:11,360 --> 00:16:14,720
strategically at a specific place, and maybe there's some benefits

287
00:16:14,720 --> 00:16:16,320
to doing that, I don't know. I think that we

288
00:16:16,399 --> 00:16:19,440
really need to rethink some of those policies and ultimately

289
00:16:19,559 --> 00:16:23,919
the strategy of how we are, you know, moving forward,

290
00:16:24,080 --> 00:16:25,720
and some of the decisions that we're making here. But

291
00:16:26,240 --> 00:16:29,000
there's no question that the world is paying attention now

292
00:16:29,039 --> 00:16:31,440
to metals. For the first time. This was the thing

293
00:16:31,480 --> 00:16:35,519
that everyone was ignoring and actually in the Western world

294
00:16:35,559 --> 00:16:37,600
we've still been ignoring it. And I think that we're

295
00:16:37,639 --> 00:16:39,720
about to wake up to it in a very significant way.

296
00:16:39,759 --> 00:16:42,440
As I personally believe there's a lot of challenges today

297
00:16:42,720 --> 00:16:45,840
in debt markets, which is the bond market, and I

298
00:16:45,960 --> 00:16:50,919
very specifically mean the Japanese carry trade, as the Japanese

299
00:16:50,960 --> 00:16:53,279
bond is like sitting at three sixty six here today.

300
00:16:54,080 --> 00:16:56,720
That's very high, that's very expensive. That unwinds a lot

301
00:16:56,799 --> 00:16:58,919
of stuff, that changes the economics for a lot of

302
00:16:58,919 --> 00:17:01,399
deals that have been done around the world. And then

303
00:17:01,399 --> 00:17:04,079
Europe's got a lot of financial trouble as well, and

304
00:17:04,359 --> 00:17:07,359
as well as internal struggles, and they don't have you know,

305
00:17:07,400 --> 00:17:11,160
the first or the second Amendment, and in the Constitution

306
00:17:11,319 --> 00:17:13,039
to back up the people.

307
00:17:12,720 --> 00:17:13,799
Speaker 4: I have any amendments.

308
00:17:14,039 --> 00:17:17,839
Speaker 3: There are amendment free zone there, David, Yeah, that's right.

309
00:17:18,200 --> 00:17:22,519
But just getting back to so the borders are a

310
00:17:22,559 --> 00:17:28,680
real friction point first aide, and for Canada it's everything.

311
00:17:29,039 --> 00:17:34,519
Plus the North American Resource Corridor makes it easier to

312
00:17:34,559 --> 00:17:41,799
defend Alaska against Russia. Okay, sure, something nobody's looking at. Also,

313
00:17:42,319 --> 00:17:44,920
and the Arctic is there's a power play going on

314
00:17:44,960 --> 00:17:49,359
in the Arctic. It's partly due to Greenland. But you know,

315
00:17:50,119 --> 00:17:52,759
forget about the media to tell you. So going to

316
00:17:52,839 --> 00:17:57,359
the FED, now we're talking pre call, you'd think that

317
00:17:57,480 --> 00:18:00,680
a rate cut is not on the table for this meeting.

318
00:18:01,279 --> 00:18:03,799
Speaker 1: Doesn't seem like it. No, And I mean, let's just

319
00:18:03,839 --> 00:18:06,880
be honest here. I mean, Jerome Powell, if he cuts

320
00:18:06,960 --> 00:18:08,880
rates a bunch, it's going to be inflationary. If he

321
00:18:08,920 --> 00:18:12,759
holds rates high, We've got a massive refinancing cycle that

322
00:18:12,839 --> 00:18:17,079
needs to happen, both in you know, personal and residential mortgages,

323
00:18:17,240 --> 00:18:20,400
but very specifically in the commercial side of things. So

324
00:18:20,720 --> 00:18:23,200
if we just think back to twenty twenty, twenty twenty one,

325
00:18:23,279 --> 00:18:26,440
twenty twenty two, we had record low interest rates and

326
00:18:26,519 --> 00:18:28,839
so if you were a CFO, it would be a

327
00:18:28,920 --> 00:18:32,319
crime for you to not have refinance a paper. You

328
00:18:32,480 --> 00:18:34,839
got a ton of debt because it was at such

329
00:18:35,079 --> 00:18:38,160
cheap rates. Well, here's the problem with the commercial cycle.

330
00:18:38,640 --> 00:18:40,880
Many of those loans are set up on five year terms,

331
00:18:40,920 --> 00:18:42,960
even though they pay like it's a thirty And so

332
00:18:43,359 --> 00:18:46,279
guess what twenty twenty Well, in twenty twenty five, those

333
00:18:46,319 --> 00:18:48,839
loans started coming doe. In twenty twenty one, well, that

334
00:18:48,880 --> 00:18:51,559
starts in twenty twenty six, I believe it was. It's

335
00:18:51,599 --> 00:18:54,279
between March twenty six and March of twenty seven, is

336
00:18:54,319 --> 00:18:58,359
the largest refinancing cycle in the United States history. And

337
00:18:58,400 --> 00:19:01,559
so what are the repercussions of this? When I know

338
00:19:01,599 --> 00:19:03,640
a bunch of people that do mortgages or used to

339
00:19:03,680 --> 00:19:06,559
do mortgages, but I know very few that do actual

340
00:19:06,599 --> 00:19:09,599
commercial mortgages. Why it's hard to get any of these

341
00:19:09,599 --> 00:19:12,400
deals done. It's a very specialized thing. It's actually business

342
00:19:12,480 --> 00:19:15,799
valuation as opposed to just a property valuation, and you know,

343
00:19:15,880 --> 00:19:18,359
looking at debt to equity and what you got for income.

344
00:19:19,119 --> 00:19:22,640
And so I think that there could be a significant

345
00:19:22,680 --> 00:19:26,160
crisis that comes as a result of this, while also

346
00:19:26,359 --> 00:19:28,079
you know, taking a look at our own national debt

347
00:19:28,079 --> 00:19:31,559
and treasuries, I mean, closing in on forty trillion in debt.

348
00:19:31,799 --> 00:19:33,519
I mean, who wants a future ioe you on the

349
00:19:33,519 --> 00:19:35,759
irs when we're not backed by goal at this point,

350
00:19:36,359 --> 00:19:38,680
I think that you know that that is something that

351
00:19:38,680 --> 00:19:40,440
we got to be paying attention to here, and it

352
00:19:40,480 --> 00:19:42,640
could cost some hiccups. So harden up your balance sheet,

353
00:19:43,160 --> 00:19:43,599
all right.

354
00:19:43,680 --> 00:19:49,160
Speaker 3: So we're talking also pre call about crypto ethereum, bitcoin

355
00:19:49,799 --> 00:19:53,359
and you're very much plugged in.

356
00:19:53,880 --> 00:19:56,400
Speaker 4: Just tell us your take on where it's heating.

357
00:19:56,680 --> 00:19:59,119
Speaker 1: Okay. I mean, so what we're seeing right now is

358
00:19:59,200 --> 00:20:02,119
we've got a pro blockchain president for the first time.

359
00:20:02,160 --> 00:20:03,720
So I mean, just think about where we were last

360
00:20:03,759 --> 00:20:05,960
year in January as this guy was taking office for

361
00:20:06,000 --> 00:20:08,880
the first time. This is like, now we actually have

362
00:20:08,960 --> 00:20:11,680
a direction on where things are going. So I'm a

363
00:20:11,759 --> 00:20:16,319
very significant investor in blockchain technology and very specifically I

364
00:20:16,359 --> 00:20:19,480
care about real people and how this technology can benefit

365
00:20:19,519 --> 00:20:21,519
them in the real world. And so you know, the

366
00:20:21,599 --> 00:20:24,160
question is ultimately like how do we take this really

367
00:20:24,160 --> 00:20:27,000
cool technology, how do we take this this more efficient

368
00:20:27,039 --> 00:20:31,839
way of either transferring money or information, and how do

369
00:20:31,880 --> 00:20:35,359
we apply it? And so I personally have you know,

370
00:20:35,640 --> 00:20:38,680
a very significant holding in a company that is working

371
00:20:38,680 --> 00:20:41,680
with grocery stores at reducing the price of groceries across

372
00:20:41,680 --> 00:20:45,839
the board. And this is going to very significantly impact

373
00:20:46,720 --> 00:20:49,240
you know, the average family. Why because if we can

374
00:20:49,319 --> 00:20:52,000
drop grocery prices by twenty two to twenty five percent

375
00:20:52,039 --> 00:20:54,920
for you and that's seventy percent of GDP, well guess what,

376
00:20:54,920 --> 00:20:56,319
we got more money to be able to buy and

377
00:20:56,319 --> 00:21:00,319
to do things. But the average consumers in big problems

378
00:21:00,400 --> 00:21:04,519
right now. And so we've actually applied AI to that technology. Uh,

379
00:21:04,559 --> 00:21:06,200
you're going to be able to have smart lists for

380
00:21:06,359 --> 00:21:09,039
for how you shop at the grocery store. Hey, I

381
00:21:09,119 --> 00:21:12,839
want the expensive items, a cheap list, a hybrid of them. Uh,

382
00:21:12,880 --> 00:21:18,319
and then ultimately we can even provide delivery for those

383
00:21:18,319 --> 00:21:20,799
groceries at the time that you're coming home. Because the

384
00:21:20,839 --> 00:21:22,960
AI has the ability to help you to manage your

385
00:21:22,960 --> 00:21:25,839
life in a more efficient way. And so real world

386
00:21:25,920 --> 00:21:29,279
application is where you're going to see the value of

387
00:21:29,400 --> 00:21:33,200
these these cryptocurrencies. And and I like to think of

388
00:21:33,200 --> 00:21:35,200
them more as instead of currency, I like to think

389
00:21:35,200 --> 00:21:38,400
of them as the algorithms the technology that that that

390
00:21:38,559 --> 00:21:44,160
allow meaningful things to ultimately be done with you know,

391
00:21:44,720 --> 00:21:47,279
less efficient systems. And so I've got a bank that

392
00:21:47,319 --> 00:21:51,759
will be live here in about three months, and and

393
00:21:51,799 --> 00:21:54,640
we do blockchain settlement, We we have custody, we do

394
00:21:54,720 --> 00:21:58,759
cross border transfers. There's seventeen primary ways of doing cross

395
00:21:58,759 --> 00:22:01,839
border transfers. Swift payments are just one of them. And

396
00:22:02,640 --> 00:22:05,079
so you know, we've got an AI technology that helps

397
00:22:05,119 --> 00:22:07,279
us to determine, you know, what's the lowest cost way

398
00:22:07,279 --> 00:22:09,519
to do that transfer. And if we're open twenty four

399
00:22:09,519 --> 00:22:12,759
to seven, three sixty five, you're going cross border. You know,

400
00:22:12,880 --> 00:22:16,079
you don't have the cutoffs on the banks at five pm,

401
00:22:16,079 --> 00:22:18,279
and it doesn't take multiple days to get this stuff

402
00:22:18,319 --> 00:22:21,240
cross border. It's just silly that we're operating out in

403
00:22:21,279 --> 00:22:23,880
banking times. And so for those that are out here

404
00:22:23,920 --> 00:22:27,000
today thinking about the future, those are out here today

405
00:22:27,480 --> 00:22:29,880
trying to dream about where the areas that we could

406
00:22:30,000 --> 00:22:32,559
you know, really really change some things. I think that

407
00:22:32,599 --> 00:22:35,039
you're going to see a lot of incredible adoption and

408
00:22:36,160 --> 00:22:40,039
just far more efficient ways of transacting doing life, just

409
00:22:40,079 --> 00:22:42,240
like AI now is integrated into our lives and is

410
00:22:42,559 --> 00:22:45,119
you know, helping us to respond to emails and you know,

411
00:22:45,240 --> 00:22:47,759
put some notes together and put some ideas together, help

412
00:22:47,839 --> 00:22:49,359
us parent better whatever.

413
00:22:49,440 --> 00:22:53,839
Speaker 3: Write books, hybooks, sure, I mean I wrote the books,

414
00:22:53,920 --> 00:22:56,480
but the AI made it so much easier to do.

415
00:22:57,039 --> 00:22:59,759
And you know, I'm writing a new book right now,

416
00:23:00,119 --> 00:23:02,799
leasing something about a scandal that touches every one of

417
00:23:02,880 --> 00:23:08,240
us personally many times per week. And yeah, I wrote

418
00:23:08,240 --> 00:23:10,559
the book, but then I was proofing it and I

419
00:23:10,599 --> 00:23:16,240
had about fifteen uncommon punctuation errors, tenses wrong and things

420
00:23:16,279 --> 00:23:20,000
like that, and man like now, the thing is perfect,

421
00:23:20,079 --> 00:23:24,480
the grammar is perfect in it, so can't stress it enough?

422
00:23:24,599 --> 00:23:27,519
Well dated, How do we connect with you? How do

423
00:23:27,559 --> 00:23:30,440
we find you on the web? Where's your website?

424
00:23:30,880 --> 00:23:35,400
Speaker 1: Website for our financial advisory firm is my SPG dot com.

425
00:23:35,519 --> 00:23:38,599
We are located here in the Greater Seattle area, but

426
00:23:38,680 --> 00:23:42,680
we have we're SEC so we are nationwide. I will

427
00:23:42,680 --> 00:23:45,640
have an international component to that with the bank, but

428
00:23:45,960 --> 00:23:48,920
you know, people can find me on Instagram and Facebook

429
00:23:48,920 --> 00:23:53,759
too and all the various ways. But you know, we

430
00:23:53,680 --> 00:23:57,440
were I believe that it's really important right now that

431
00:23:57,440 --> 00:23:59,839
that people are listening to voices that are going to

432
00:23:59,839 --> 00:24:01,920
be in the truth, voices that are going to be

433
00:24:01,920 --> 00:24:04,200
able to share the ideas that can actually make a

434
00:24:04,200 --> 00:24:06,759
difference for them. And so that's that's our thesis, that's

435
00:24:06,759 --> 00:24:09,640
who we are, that's what we're trying to accomplish, and

436
00:24:09,680 --> 00:24:11,960
not just you know, towe some line because this is

437
00:24:11,960 --> 00:24:14,000
the way things have been done. I think that we

438
00:24:14,039 --> 00:24:17,319
need to wake up to the reality of where things

439
00:24:17,319 --> 00:24:20,119
are here. And I'll be starting a podcast in the

440
00:24:20,160 --> 00:24:23,279
next month that folks will be able to watch, you know,

441
00:24:23,319 --> 00:24:24,759
on YouTube, et cetera as well.

442
00:24:24,799 --> 00:24:28,480
Speaker 3: Right, excellent all right, Hey been great having you on.

443
00:24:28,640 --> 00:24:32,319
Questions comments for David myself. Shoot me an email kl

444
00:24:32,599 --> 00:24:35,599
at Carrie Lutz dot com. Make sure you sign up

445
00:24:35,599 --> 00:24:39,240
on my substack so you get the first to notice

446
00:24:39,279 --> 00:24:42,160
when the scandal breaks, which I'm hoping it's going to

447
00:24:42,200 --> 00:24:46,319
be next Wednesday when I file my lawsuit and release

448
00:24:46,400 --> 00:24:46,839
the book.

449
00:24:47,200 --> 00:24:49,440
Speaker 4: David. Been a pleasure. We will talk to you again

450
00:24:49,480 --> 00:24:49,960
real soon.

451
00:24:50,119 --> 00:24:52,119
Speaker 1: Pleasure mind, Carrie Blessings, Talk to you soon.

452
00:24:52,359 --> 00:24:56,519
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

453
00:24:56,599 --> 00:25:00,400
solution to today's trying times. For the latest, go to

454
00:25:00,559 --> 00:25:04,920
Financial Survivalnetwork dot com. Financial Survival Network

455
00:25:05,279 --> 00:25:06,799
Speaker 1: Now more than ever,