Speaker 1: What happened was is in two thousand and seven, I
gave a talk and I predicted the collapse of the economy,
major catastrophic collapse, all right, and I published a one
hundred and forty eight page paper which I put on
the web under Survived the Crisis dot com is not
I read it, obsess, not there anymore?
Speaker 2: You read it?
Speaker 1: Okay, Well it's in the first two months carry I
got ten thousand hits from one hundred and twenty five countries.
Speaker 3: You were listening to Carrie Lutz's Financial Survival Network, where
you get valuable information you just can't find anywhere else
to thrive in today's trying times. You need the Financial
Survival Network now more than ever. Go to Financial Survivalnetwork
dot com and get your free newsletter and gift. Financial
Survival Network now more than.
Speaker 2: Ever, And welcome. You are listening to and watching the
Financial Survival Network. I'm your host, Carrie Lutz. I'm also
the leader of Operation Algorithm Assassin, and the purpose of
that is to defeat big Tech on their platforms, make
them stop censoring me and so many thousands of you
out there. It's not about me, It's about the movement
talking about movements. Darryl Shoon is with us.
Speaker 1: Now.
Speaker 2: Darryl, you've started a couple of movements in your life before,
haven't you.
Speaker 1: It was all timing, Hey, In fact, Gary, that's what
I sort of wanted to bring to the fore. You've
been following me for a long time. And what happened
was is in two thousand and seven, I gave a
talk and I predicted the collapse of the economy, major
catasrophic collapse, all right. And I published a one hundred
and forty eight page paper which I put on the
web under Survived the Crisis dot com is not I
read its not there anymore? You read it? Okay, Well
it's in the first two months carry I got ten
thousand hits from one hundred and twenty five countries, all right.
I mean it was people were reading in what I had,
what I was talking about gold, the markets, the collapse.
Speaker 2: All right.
Speaker 4: Well, when I had done my study of the economy,
I really looked at the Great Depression back in nineteen
thirty and what people believe, and I think it's true
that there were two major factors that set this thing
in motion.
Speaker 1: The first thing was, of course, of Federal Reserve printing
money all right, just inflating the economy all right. Britain
had a central bank since seventeen ninety five. They kept
care of the Golden goose for one hundred and fifty years,
became a world empire and managed to survive well. When
they saw their empire collapsing, their military costs were too high.
They couldn't keep control of their colonies. Their expensive were
going up. The bankers knew they had to get out
of Dodge and go somewhere else. So that's what they did.
They transplanted a carbon copy the back of England us
Centum back to the United States the centerl Reserve, private bank, Okay,
and that's where they found their home. Well. The difference
I had made the point before was that there's a
difference between the Brits and the Americans. The Brits are
very butt, not tight, very very like that.
Speaker 4: Americans, you know, Carrie, we're crazy.
Speaker 2: In your face.
Speaker 4: Yeah, we do things that other people don't do, okay,
and when we have a chance, we go for it
what other people will.
Speaker 1: Sometimes it works, sometimes it doesn't. Risk floridation and risk
takers absolutely, and the Federal Reserve reflected that twenty years,
the Federal Reserve was in power. Was was was in
nineteen thirty. Twenty years later they sent in motion to
the Roaring twenties, cheap interest rates. They created a bubble
that the British never had. All right, with the same car.
It's like they gave us a Cadillac and we're doing
wheat donuts on the free way with it. In twenty years,
you know, cherry, and everybody's everybody's watching. We're going, we're
at the races. In nineteen twenty nine, the bubble popped,
It collapsed, and things happen. And then right after that,
Hoover puts in the smooth the tariffs and takes the
world down into a great depression after our crash. Okay,
now here we are twenty twenty five. History doesn't repeat itself,
somebody said, but it does rhyme, Okay, and it's rhyming
in my head. What I see now is in twenty
twenty five we got the tariffs. Holy smarts, twenty twenty four,
we had no idea. I mean, year ago, carry not
that not. Now they're front and center. Okay, but we
haven't had the collapse. Now the collapse I wrote, I
predicted in two thousand and eight. Started the year later,
I mean in two thousand and seven. It started in
September when Wall Street banks collapsed and we were headed
towards the crisis, the crises and the total economic catacalism
that I predicted back in two thousand and seven. All right,
but it didn't have it.
Speaker 4: Why qt.
Speaker 1: That's something they had never done before, never ever done before.
To me, it's sort of like your toilet not working,
and so you've always had to go out and put
water in to make it flesh. Well, what the Central
Banks did was they simplified it. They took a water
hose and stuck it writing in the toilet and kept
it on, kept it on so this dancing would flush.
And they've had it on since two thousand and nine. Okay,
now that's not how toilets was supposed to work. That's artificial.
And the boys who are the plumbing boys Central Banks,
all right, No, it's really bad for the toilet to
have that much water pressure coming in at all for
a long period. It's gone over. It's like steroids. Okay,
you didn't steroids. They're a game changer and a white
changer for a certain amount of time after that. It's
why heroin man, you're in trouble. You know, you feel
good and then your name all hell breaks through. So
that's so what happened is is that after COVID, after
the huge amount of money that they put in just
to keep us floating, and they did. If they hadn't
done what they had done, we would have gone to
the drink then.
Speaker 4: But they floated.
Speaker 1: But what it did is the water pressure had to
be increased. So now they're the FED is trying to
decrease the water pressure. Okay, they're trying to decrease it
because they know the toll on the system.
Speaker 4: Well, the rest of the people, we don't. We don't
care about plumbing.
Speaker 1: All we care about is taking a dump and having
the dancing work and not overflow on us while we're
on the toilet. That's all we care about. We got
lives to live. Okay, So there we are taking down
happy y'all got man? Yeah, it's all right, we're up
and down.
Speaker 4: But things are wrong.
Speaker 1: What is going to I read something carried one month
ago that stunned me because the collapse I predict it
did not happen because of QE. But it's delayed, it's
temporary delayed. It's nice steroids. And I always knew it
was going to happen. Gold his skyrocket when I wrote
my book Goal is a six and a quarter puts
it now thirty four through. You know, it's way up, okay,
and and and but the collapse still hasn't happened. All right.
People look at me like chicken little. All right. They
relieved that I you know, when I show up.
Speaker 2: They were leaving.
Speaker 1: I was wrong.
Speaker 4: Okay, I'm like chicken little. Hey, you know, like my
timing is off, all right, But.
Speaker 1: It was because they instituted QT.
Speaker 4: I've just read last month.
Speaker 1: A paper from the Bank of America, of all places,
the head of their investment analysis, and it's stunned me
because what he did, he put what I believe is
going to trigger the collapse in a context that was
so real. He caught me by the new gies. I
usually don't get a lot of insight from them from
Wall Street, all right, but they do watch it far
greater than I do. And this guy had to me,
has his finger, okay if it was called. Trump says
goodbye to Rehab and embraces the Golden Triangle. According to
the Bank of America partner. Global stock markets are all
in until the bonds collapse. What he meant was the
Golden Triangle is the heroin center of Southeast Asia, all right,
And he said goodbye to rehab. And what he said
was this, He said, right now, the markets who watch
this know that it's all in, that we're there.
Speaker 2: We're gonna go up.
Speaker 1: Why because Trump the economic conditions are faltering, and what
the trup what they're gonna do is cut interest rates.
They're gonna be forced to, forced to they have to, Okay,
and that's all they're waiting for. Years ago I made
the observation carry that the difference between the free market
and a and a cap market is that in a
free market, the.
Speaker 4: Price of goods and services is determined by.
Speaker 1: Supplying demand very easy, okay. In a capital market, in
a fiat money bank driven market, the price of good
and services is determined not by supplying demand as a factor,
not much.
Speaker 4: The overriding factory is a cost of credit.
Speaker 1: Cost of credit, okay.
Speaker 4: And you know that housing everything, Okay. Business, you've got
a business.
Speaker 1: You're playing against time, You're on the clock. Everything because
of compounding interest, compounding it drives the whole game. Okay.
And it's a very and it's and and and what
the central banks do, they're like the juggler in charge
of the debt and credit and debt giving them a balance. Okay.
Speaker 4: And but the credit and deathies.
Speaker 1: Have gotten bigger and bigger and bigger, I mean so
big they have are having trouble juggling. All right. Well,
this Bank of America guy who observes the markets, the
guy sitting on toilet, issued a warning and basically he said,
keep taking dumps, but that toilet is gonna blow up
on you. When this happened, all.
Speaker 2: Right, well outside behind the house, Yeah, don't stay in
the house when you just started hearing the sounds.
Speaker 4: And he this is the way he predicted, because.
Speaker 1: They're gonna cut interest rates, he said, the markets, no
mortal quidding is cutting already. Central banks are just cutting, cutting,
cutting around the world because they general economy is in trouble,
all right, so they're trying to raise it up with
more steroids or cutting cutting, cutting, Oka. He said, what's
gonna happen is most of that money is gonna go
and ask because people who investors have access to the
leverage that the general population is not. They're in the
first once at the troth, they're closer to the spigers
the credit.
Speaker 4: So what happens is when they lower the interest rates.
Speaker 1: The first money doesn't go into you know, getting people richer,
you know, you're creating economic movement. It goes to the
finance boys who take that money go to Wall Street
leverage out stocks, bonds, real estate. And since they're all
by the same financial assets, that's where the bubble is.
But they don't call it a bubble. They call it
a rising market. Times are good, but it's a bubble. Okay.
Speaker 4: So what Hartnick says, we're in a crucial stage where
everybody knows that it's risk off.
Speaker 1: And he said this in July. So he said, bye
bye bye. All right, crypto cows car and whatever. All right,
it's gonna go up tail the bond markets. We act,
he said, what going all in is gonna do. It's
gonna put a it's gonna put a huge strain on
the bond markets. Now, what people don't understand is bond
markets are five times larger than stock markets. Why because
bond markets are the is where they trade the debt
created by debt based money and debt based money compounds
and froze off more debt than the original credit issued.
So that's why debt markets are five time larger than
credit markets. Okay, so the debt markets are far bigger
and far more consequential. I've always said than the corral.
Where it's gonna happen, the big where the shootout's gonna
happen is not in the stock markets. It's gonna be
in the bond market. Absolutely. And that's what he says.
He said, what happens, and he says the equity people
don't understand this. The equity people are by by bye.
All they know is growth because that's where that's how
they're geared.
Speaker 2: That's yeah.
Speaker 1: The bond people are really conservative, really conservative. They're like,
so they buy the debt and they trade it off,
and they watch the basis points, and they may they
make their their satisfied with incremental gain over the possibility
of great of great reward versus great loss. They don't
like playing that game. They play a much more conservative
control game. But their game is affected by what's happen
in the other arena. And what Bank of America analysts
said is that when they're watching the arena, all right,
but any point that he had an asset asset growth
in twenty twenty five, the asset class that has didn't
grown the most is not stocks, even though they're all
at record highs, s A ped they're all at record highs.
The asset class has increased the most in twenty twenty
five is gold? All right? Now, Gold is not increasing
because it's future. It's not like AI. You know, it
has no value like that. If gold people think gold
is in inflation heads, it is. Gold is really also
a deflation heads. When the when the when in the
nineteen thirties, when it when the stock amerkers collapse. If
you had ten percent of your stock in your assets
in homestate mining the world's largest gold mine, ten years later,
when everybody was down ninety percent, your portfolio would have
been even. The ten percent in Homesteak would have offset
the loss of nighty percent of your portfolio. Okay, so
it's the deflation heads, it's an inflation heads. What gold
really is is a chaos hits and we are in
chaos times. We are you nobody else what's going on?
I mean, Trump doesn't know what's going to do tomorrow,
all right. He reads the news like you and I do.
But I'm like you, yeah, yeah, I exactly okay, But
I'm like you and I what do we do? He
has votes behind him, so everybody moves according to him.
It's chaos. But this is where we are. And what
blew my mind was how well the Bank of America
paper enumerated is so clearical? Because I do you know?
To me? You know, I have my fedillicis of who
I listen to, and I don't listen to a whole lot,
you know, because my my suprevicet.
Speaker 4: But Bank of America is not one of them.
Speaker 2: Okay.
Speaker 1: And I read this and I when always monks, Darryl.
This guy has said what you weren't looking at in
a way that you understand clearly that the it's risk
on from here on out. You're on out until it's
risk off. They're not gonna know what's gonna hit them
because they're only gonna be looking up when it happens.
Speaker 4: But it's the bond people who bonds are performing the
worst this year.
Speaker 1: They're gold is.
Speaker 4: The best starts are behind them.
Speaker 1: Bonds are the worst.
Speaker 5: And don't forget yeah, they're their asset. They're risk on
asset classes, all right, if you said by crypto. But
when it happens, it's gonna the risk on classes are
gonna go down.
Speaker 1: Gold is not a risk on class. Gold is a
risk at first class. Gold is the old and silver
are the ultimate risk adverse classes.
Speaker 2: So what I see happening now and I see the
I see whomever the powers that be or fighting it
is a short squeeze in physical silver. That's happening, isn't it?
Speaker 1: Oh? Yes it is?
Speaker 4: And see what the deal is this? They're not even
you know, Carrie.
Speaker 1: When this started, the attention of the boys, the cartels
controlling the precious metal markets was incredibly powerful. They could
control they would allow when it when the markets when gold,
When precious mental markets finally started turning in two thousand
and two, after the collapse of the dot com bubble,
finally it started getting away from them. Okay, before then,
for twenty years they had driven it down after the
nineteen eighties, and then in two thousand and two, the
momentum was so be it kept going up.
Speaker 4: So what they would do is they would allow a
five percent increase. Why because they didn't want it to
get to the aware of the investor class at large
that to play the risk by gold less pressure rect
it's the pressure release. Yeah, so a five percent they
could tolerate that, all right, but they didn't want. Their
big theory was the gold versus theach back then, because
crypto didn't exist until two thousand and nine when they
started printing money. Okay, crypto, bitcoin, what didn't even exist
in two thousand and eight. It came into being on
January first, two thousand and nine.
Speaker 1: All right, So what happened is is that their concern.
Speaker 4: Was gold because gold is really the day the threat
to the FIAT because.
Speaker 1: And it's not a gold it's not a threat because
it does anything. It's a threat because.
Speaker 4: When the occurrencies get threatened, everybody goes to gold. They
always have all.
Speaker 2: Is it doesn't do anything.
Speaker 1: It's doesn't do anything exactly, it's there and as value,
it's just valuable.
Speaker 4: So what happened is is that all their concern was
on gold and silver, and they control the control.
Speaker 1: The control. Now the difference carrying now is this, you're right,
they are watching the squeeze, they are watching what's going
on in gold and silver markets. Okay, because the truth
is when the breakout happens. Silver traditionally has led gold
in the breakout. Now, silver has not up till now,
and gold the breakout started in January. Okay, they're up
twenty their way up, okay, and gold has led it.
Which is which the price be? All right, because silver
has always now but you're what I believe you may
be onto something here is that silver is about to
break out and more people are more people connecting the
silver than gold. Gold is the big boy game. Silver
is the investor game, all right. It ends yeah, yeah,
common money and people are afraid of well, the most
common money is debt. When they say gold, gold is
the is the currency of pinions, Silver is the currency
of merchants, and debt is the is the currency of
the rest, all right, And so that's where we are.
So it's if silver takes off and breaks out, the
people on the bondom will notice that more and just
the tide. That's where they're afraid. They're they're they're afraid
that the people trapped in the arena because because there's
only so many exits now there they weren't forced in there,
they were in there by their on the cord they're
in there because they that's where the action is, all right. Now,
the truth that circumstances has forced them in there, and
it's forced them into at the lowest tiers. The people
who are in there by choice are the ones that
the higher tiers sort of running things all right, but
they're gonna go down because everybody goes down to one.
Are these things?
Speaker 4: I mean, the flip is phenomenal.
Speaker 1: Those rich people with all their gold and silver are
at the same time highly leveraged in highly vulnerable markets
are Goo services and life inserviance policy. But they've got
their real assets in the markets, all right. So of
course when the markets go, they're in trouble. So everybody
is in arena, okay. And what the Bank of America
guy said was that that areda, the noise is gonna
become deafening. It's already loud record levels, but the decibels said,
stay in there, but get out of the door.
Speaker 2: Yeah, time pable. What's the time table for all this?
Speaker 1: He he he, that's what it is. He doesn't he
gives the he ala he says, is this the United
States will reach an epic depth shock, okay. Hartnick believes
that the long term bear market for the dollar has
just begun, okay, and that's the critical piece. And he
recommends increasing allocations to commodities, cryptos, international markets, and emergency
markets in the latter half of the twenty twenties. Now
he doesn't know when the market, when the bond market
is going to finally react, when the bond market is
going to go. Japan is already having trouble selling slacker god, okay,
we Japan is the canary in our gold matt there
are they They had there the knee collapse in nineteen
eighty nineteen ninety, it went down eighty percent. That was
the biggest drop since the Great Compression in the United States.
They had a the only reason it was smaller, the
country smaller. The effect there was damaging. And what they
did carry was they started QE. They borrowed their way
out at all the bankers of the Burger. You guys
are doing the round thing. Yeah, you know what we
started doing ten years later because you're there, so I
think you know all that didn't Yeah, all of your
good advice doesn't matter. It's survival.
Speaker 4: So we are in the same thing.
Speaker 1: But your question is the real question, When is the
bond people, when are they gonna we at? He said,
he does give some parameters when the when the interest
rate on the US Treasury goes to five point one,
on the long term bond goes to five point one,
watch out, it's gonna happen after that. It won't happen before,
but it will happen after that. And he also gives
in that article, uh uh for the Back of AMRA
for the it was I think Japanese yen and and
the British panel. He gave, you know, interest rates when
they when it when it's gonna exceed it, but I
think the US one was around five point one, Bill
Beck it is. The article is entitled you can google
Trump says goodbye to rehab and braces the Golden Tragle.
Speaker 4: That means he's out of there. He's going to where
they grow opium.
Speaker 1: Right, that's what it is, you know, according to the
Bank of America, Back of America, Heartener, Global credit markets
see all in until the bonds collapse. Google that the
articles there. It caught my attention.
Speaker 4: I believe that the people who watch this will probably.
Speaker 1: Have that same kind of reaction that I did.
Speaker 2: Okay, all right, so uh have to find that report.
It's on Bank of America someplace.
Speaker 4: Well, I just googled it generally, and that was the title.
Is His name is Heartnett Michael.
Speaker 1: Harton heart met h A R. T n E.
Speaker 2: T t.
Speaker 1: Chief investment strategist at Bank of America. The article was
posted July thirteenth, twenty twenty five. So if you get
an article around there and the title is Trump says goodbye?
Do we have Yes?
Speaker 4: Trump says goodbye? Do we have embraces?
Speaker 1: The golden title, that's the article.
Speaker 2: I love it. I love it. Well, Hey, you always
give us a lot to think about here, Darryl. I
don't think he's really telling us anything that you and
I in our community didn't figure out already.
Speaker 4: Yes, but we didn't. It was to me it was
the fact that he had narrowed it down two dynamics
that are writing.
Speaker 1: You know, Carrie, you've been at this so motherfucker.
Speaker 4: Yeah, it's too long, all right, And that's why I
don't write anymore. That's why I'm talking anymore, you know,
because I've said it.
Speaker 1: You know, I just you know, I got a horse,
I'm all, you know.
Speaker 2: But when I saw I feel the same way man.
Speaker 1: When I saw a guy from the Bank of America
from that side of the table see what I have
been seeing for years, and went wow, with such clarity.
I was amazed. And you know what, when the blind
began to see, horses will start flying.
Speaker 2: Look out. All right, Hey, so Daryl, so you're not
riding anymore, so, but we'll put the link up to
your site anyway. So people, Yeah, I do keep.
Speaker 4: A news thing every day. I mean I do post
generally every day what I see going in articles of interest.
Speaker 1: And I realized the reason why, you know, I lost
my website from so I lost most of the people
who were always watching me.
Speaker 4: But I realized most people don't want to see that
news concert and that's what I see both so true.
Speaker 2: Who wants bad news? All these stuff?
Speaker 4: When we go to parties. Starting years ago, Martha would
say to me, garryl shut up. These people are here
for a good time.
Speaker 1: Shut up.
Speaker 4: Let them had a good time.
Speaker 2: I'm sorry, I can't help but laughing, but I know
it's like nobody wants to hear this stuff, but everybody
needs to hear it, right, That's it, that's it, fine mess,
you've gotten us into here.
Speaker 1: Darryl.
Speaker 4: Hey, Oh, it was opened my eyes.
Speaker 2: You know.
Speaker 1: I wrote a novel once and I said, I said,
it's going bad, but I don't know why I'm the
one that has to see it. Yeah.
Speaker 2: Well I feel the same way, man, the same way.
But I'll tell you what my former law partner always
used to say to me. He used to say, Carrie,
the situation is hopeless, but never serious.
Speaker 1: Good.
Speaker 4: I take that in a very positive sense. It's it
is hopeless. And you okay, I look at what's happening.
You look so good. You do, and your books and
you're selling. You're on a roll, Carrie. I've known you
a long time. Yeah, roll, you're rolling, keep rolling.
Speaker 2: You're right, that's okay. Now that's the kid. And you know,
don't let the bastards get you down right out. No,
I mean, you know, my saying was.
Speaker 1: My tagline on every when I started writing articles in
two thousand and seven, was by goal, by silver, have faith.
Speaker 4: And that's really what it is.
Speaker 1: And I think at this time faith is even more
important than it was that because the the crisis that
we're heading into is going to be a game changer.
The game is it about to chant? And I think
it's going to change for the better because book Minister
Fuller wrote nineteen eighty two that Manki was entering an
unprecedented crisis that's going to transform humanity, and he said
the reason why it's going to transform is that the
institutions that have been in control, economic, political, and religious
are all being to loser grip on humanity des and
humanity will find its own way by itself, which is
going to end up better for everyone. But the transition
is not going to be easy.
Speaker 2: No, I'm not going that easy, Fond Yep, They're not
going that easy. Will not be fun, that's for sure. Well,
Daral appreciate you coming on any questions for Daryl myself.
Klat Kerrie LUTs dot com. And remember you'll be getting
some emails about Operation Algorithm Assassin. Keep your eyes open
for them. Very important because we're going up against the
big platforms. You know who you are out there. You're
probably monitoring everything we're saying now anyway doesn't matter. You
can't stop what's going to happen, just like nobody can
stop what's going to happen to the global monetary economic system. Daryl,
we'll talk to you a soon. Be well.
Speaker 3: Thanks you do, Gerry, thanks for listening to carry Letz's
Financial Survival Network, your solution to today's trying times. For
the latest, go to Financialsurvivalnetwork dot com. Financial Survival Network
now more than ever,