1
00:00:00,120 --> 00:00:02,680
Speaker 1: What happened was is in two thousand and seven, I

2
00:00:02,720 --> 00:00:06,519
gave a talk and I predicted the collapse of the economy,

3
00:00:06,960 --> 00:00:10,640
major catastrophic collapse, all right, and I published a one

4
00:00:10,720 --> 00:00:12,880
hundred and forty eight page paper which I put on

5
00:00:12,919 --> 00:00:15,720
the web under Survived the Crisis dot com is not

6
00:00:15,839 --> 00:00:17,280
I read it, obsess, not there anymore?

7
00:00:17,359 --> 00:00:17,760
Speaker 2: You read it?

8
00:00:17,800 --> 00:00:21,280
Speaker 1: Okay, Well it's in the first two months carry I

9
00:00:21,320 --> 00:00:24,199
got ten thousand hits from one hundred and twenty five countries.

10
00:00:24,359 --> 00:00:28,199
Speaker 3: You were listening to Carrie Lutz's Financial Survival Network, where

11
00:00:28,199 --> 00:00:31,640
you get valuable information you just can't find anywhere else

12
00:00:32,200 --> 00:00:35,759
to thrive in today's trying times. You need the Financial

13
00:00:35,880 --> 00:00:40,920
Survival Network now more than ever. Go to Financial Survivalnetwork

14
00:00:41,000 --> 00:00:44,719
dot com and get your free newsletter and gift. Financial

15
00:00:44,840 --> 00:00:48,200
Survival Network now more than.

16
00:00:48,039 --> 00:00:54,840
Speaker 2: Ever, And welcome. You are listening to and watching the

17
00:00:55,119 --> 00:00:58,679
Financial Survival Network. I'm your host, Carrie Lutz. I'm also

18
00:00:58,799 --> 00:01:04,359
the leader of Operation Algorithm Assassin, and the purpose of

19
00:01:04,400 --> 00:01:08,760
that is to defeat big Tech on their platforms, make

20
00:01:08,840 --> 00:01:12,439
them stop censoring me and so many thousands of you

21
00:01:12,599 --> 00:01:15,480
out there. It's not about me, It's about the movement

22
00:01:16,159 --> 00:01:18,760
talking about movements. Darryl Shoon is with us.

23
00:01:18,799 --> 00:01:19,079
Speaker 1: Now.

24
00:01:19,400 --> 00:01:22,359
Speaker 2: Darryl, you've started a couple of movements in your life before,

25
00:01:22,480 --> 00:01:22,920
haven't you.

26
00:01:25,560 --> 00:01:29,680
Speaker 1: It was all timing, Hey, In fact, Gary, that's what

27
00:01:29,760 --> 00:01:32,280
I sort of wanted to bring to the fore. You've

28
00:01:32,319 --> 00:01:35,760
been following me for a long time. And what happened

29
00:01:35,840 --> 00:01:37,959
was is in two thousand and seven, I gave a

30
00:01:38,000 --> 00:01:42,239
talk and I predicted the collapse of the economy, major

31
00:01:42,519 --> 00:01:45,920
catasrophic collapse, all right. And I published a one hundred

32
00:01:45,959 --> 00:01:47,879
and forty eight page paper which I put on the

33
00:01:47,920 --> 00:01:50,840
web under Survived the Crisis dot com is not I

34
00:01:50,879 --> 00:01:53,480
read its not there anymore? You read it? Okay, Well

35
00:01:53,519 --> 00:01:56,640
it's in the first two months carry I got ten

36
00:01:56,680 --> 00:02:00,000
thousand hits from one hundred and twenty five countries, all right.

37
00:02:00,159 --> 00:02:04,239
I mean it was people were reading in what I had,

38
00:02:04,599 --> 00:02:08,039
what I was talking about gold, the markets, the collapse.

39
00:02:08,159 --> 00:02:08,560
Speaker 2: All right.

40
00:02:09,000 --> 00:02:12,000
Speaker 4: Well, when I had done my study of the economy,

41
00:02:12,719 --> 00:02:17,479
I really looked at the Great Depression back in nineteen

42
00:02:17,560 --> 00:02:21,520
thirty and what people believe, and I think it's true

43
00:02:21,800 --> 00:02:24,439
that there were two major factors that set this thing

44
00:02:24,439 --> 00:02:24,840
in motion.

45
00:02:25,039 --> 00:02:27,599
Speaker 1: The first thing was, of course, of Federal Reserve printing

46
00:02:27,639 --> 00:02:31,319
money all right, just inflating the economy all right. Britain

47
00:02:31,439 --> 00:02:34,479
had a central bank since seventeen ninety five. They kept

48
00:02:34,639 --> 00:02:38,560
care of the Golden goose for one hundred and fifty years,

49
00:02:39,159 --> 00:02:43,400
became a world empire and managed to survive well. When

50
00:02:43,479 --> 00:02:47,360
they saw their empire collapsing, their military costs were too high.

51
00:02:47,520 --> 00:02:50,159
They couldn't keep control of their colonies. Their expensive were

52
00:02:50,159 --> 00:02:52,800
going up. The bankers knew they had to get out

53
00:02:52,840 --> 00:02:56,039
of Dodge and go somewhere else. So that's what they did.

54
00:02:56,080 --> 00:02:59,879
They transplanted a carbon copy the back of England us

55
00:03:00,240 --> 00:03:03,560
Centum back to the United States the centerl Reserve, private bank, Okay,

56
00:03:03,759 --> 00:03:07,439
and that's where they found their home. Well. The difference

57
00:03:07,479 --> 00:03:09,159
I had made the point before was that there's a

58
00:03:09,199 --> 00:03:12,039
difference between the Brits and the Americans. The Brits are

59
00:03:12,120 --> 00:03:15,759
very butt, not tight, very very like that.

60
00:03:16,039 --> 00:03:19,280
Speaker 4: Americans, you know, Carrie, we're crazy.

61
00:03:19,120 --> 00:03:19,719
Speaker 2: In your face.

62
00:03:20,879 --> 00:03:23,159
Speaker 4: Yeah, we do things that other people don't do, okay,

63
00:03:23,360 --> 00:03:24,919
and when we have a chance, we go for it

64
00:03:24,960 --> 00:03:25,759
what other people will.

65
00:03:26,360 --> 00:03:30,159
Speaker 1: Sometimes it works, sometimes it doesn't. Risk floridation and risk

66
00:03:30,240 --> 00:03:34,560
takers absolutely, and the Federal Reserve reflected that twenty years,

67
00:03:34,840 --> 00:03:40,520
the Federal Reserve was in power. Was was was in

68
00:03:40,639 --> 00:03:45,120
nineteen thirty. Twenty years later they sent in motion to

69
00:03:45,120 --> 00:03:49,919
the Roaring twenties, cheap interest rates. They created a bubble

70
00:03:50,280 --> 00:03:53,960
that the British never had. All right, with the same car.

71
00:03:54,360 --> 00:03:57,879
It's like they gave us a Cadillac and we're doing

72
00:03:58,000 --> 00:04:03,120
wheat donuts on the free way with it. In twenty years,

73
00:04:04,240 --> 00:04:07,360
you know, cherry, and everybody's everybody's watching. We're going, we're

74
00:04:07,400 --> 00:04:10,439
at the races. In nineteen twenty nine, the bubble popped,

75
00:04:10,560 --> 00:04:14,919
It collapsed, and things happen. And then right after that,

76
00:04:15,759 --> 00:04:19,120
Hoover puts in the smooth the tariffs and takes the

77
00:04:19,160 --> 00:04:23,000
world down into a great depression after our crash. Okay,

78
00:04:23,199 --> 00:04:27,600
now here we are twenty twenty five. History doesn't repeat itself,

79
00:04:27,839 --> 00:04:31,360
somebody said, but it does rhyme, Okay, and it's rhyming

80
00:04:31,519 --> 00:04:34,439
in my head. What I see now is in twenty

81
00:04:34,480 --> 00:04:38,160
twenty five we got the tariffs. Holy smarts, twenty twenty four,

82
00:04:38,800 --> 00:04:42,720
we had no idea. I mean, year ago, carry not

83
00:04:42,959 --> 00:04:47,560
that not. Now they're front and center. Okay, but we

84
00:04:47,680 --> 00:04:51,399
haven't had the collapse. Now the collapse I wrote, I

85
00:04:51,480 --> 00:04:54,480
predicted in two thousand and eight. Started the year later,

86
00:04:54,759 --> 00:04:56,439
I mean in two thousand and seven. It started in

87
00:04:56,519 --> 00:05:00,759
September when Wall Street banks collapsed and we were headed

88
00:05:00,800 --> 00:05:05,920
towards the crisis, the crises and the total economic catacalism

89
00:05:06,120 --> 00:05:08,800
that I predicted back in two thousand and seven. All right,

90
00:05:09,160 --> 00:05:09,959
but it didn't have it.

91
00:05:10,079 --> 00:05:10,920
Speaker 4: Why qt.

92
00:05:12,279 --> 00:05:15,839
Speaker 1: That's something they had never done before, never ever done before.

93
00:05:16,079 --> 00:05:18,920
To me, it's sort of like your toilet not working,

94
00:05:19,360 --> 00:05:20,920
and so you've always had to go out and put

95
00:05:20,920 --> 00:05:23,439
water in to make it flesh. Well, what the Central

96
00:05:23,439 --> 00:05:26,519
Banks did was they simplified it. They took a water

97
00:05:26,560 --> 00:05:28,759
hose and stuck it writing in the toilet and kept

98
00:05:28,759 --> 00:05:32,240
it on, kept it on so this dancing would flush.

99
00:05:32,279 --> 00:05:35,839
And they've had it on since two thousand and nine. Okay,

100
00:05:36,439 --> 00:05:40,519
now that's not how toilets was supposed to work. That's artificial.

101
00:05:40,959 --> 00:05:44,560
And the boys who are the plumbing boys Central Banks,

102
00:05:44,680 --> 00:05:48,279
all right, No, it's really bad for the toilet to

103
00:05:48,319 --> 00:05:51,759
have that much water pressure coming in at all for

104
00:05:51,800 --> 00:05:56,319
a long period. It's gone over. It's like steroids. Okay,

105
00:05:56,480 --> 00:05:59,319
you didn't steroids. They're a game changer and a white

106
00:05:59,399 --> 00:06:02,120
changer for a certain amount of time after that. It's

107
00:06:02,120 --> 00:06:04,639
why heroin man, you're in trouble. You know, you feel

108
00:06:04,680 --> 00:06:06,920
good and then your name all hell breaks through. So

109
00:06:07,000 --> 00:06:10,079
that's so what happened is is that after COVID, after

110
00:06:10,240 --> 00:06:12,319
the huge amount of money that they put in just

111
00:06:12,319 --> 00:06:14,680
to keep us floating, and they did. If they hadn't

112
00:06:14,680 --> 00:06:16,680
done what they had done, we would have gone to

113
00:06:16,839 --> 00:06:17,439
the drink then.

114
00:06:17,879 --> 00:06:18,519
Speaker 4: But they floated.

115
00:06:18,680 --> 00:06:20,879
Speaker 1: But what it did is the water pressure had to

116
00:06:20,879 --> 00:06:24,800
be increased. So now they're the FED is trying to

117
00:06:24,839 --> 00:06:28,879
decrease the water pressure. Okay, they're trying to decrease it

118
00:06:28,920 --> 00:06:31,279
because they know the toll on the system.

119
00:06:31,720 --> 00:06:34,560
Speaker 4: Well, the rest of the people, we don't. We don't

120
00:06:34,560 --> 00:06:35,360
care about plumbing.

121
00:06:35,879 --> 00:06:38,399
Speaker 1: All we care about is taking a dump and having

122
00:06:38,399 --> 00:06:41,079
the dancing work and not overflow on us while we're

123
00:06:41,120 --> 00:06:44,000
on the toilet. That's all we care about. We got

124
00:06:44,079 --> 00:06:47,000
lives to live. Okay, So there we are taking down

125
00:06:47,160 --> 00:06:50,399
happy y'all got man? Yeah, it's all right, we're up

126
00:06:50,439 --> 00:06:50,680
and down.

127
00:06:50,720 --> 00:06:51,319
Speaker 4: But things are wrong.

128
00:06:51,879 --> 00:06:54,759
Speaker 1: What is going to I read something carried one month

129
00:06:54,800 --> 00:07:00,360
ago that stunned me because the collapse I predict it

130
00:07:00,360 --> 00:07:04,600
did not happen because of QE. But it's delayed, it's

131
00:07:04,639 --> 00:07:07,199
temporary delayed. It's nice steroids. And I always knew it

132
00:07:07,240 --> 00:07:10,720
was going to happen. Gold his skyrocket when I wrote

133
00:07:10,759 --> 00:07:13,079
my book Goal is a six and a quarter puts

134
00:07:13,120 --> 00:07:16,480
it now thirty four through. You know, it's way up, okay,

135
00:07:17,120 --> 00:07:20,480
and and and but the collapse still hasn't happened. All right.

136
00:07:21,160 --> 00:07:23,639
People look at me like chicken little. All right. They

137
00:07:23,720 --> 00:07:26,600
relieved that I you know, when I show up.

138
00:07:26,519 --> 00:07:27,079
Speaker 2: They were leaving.

139
00:07:27,079 --> 00:07:27,560
Speaker 1: I was wrong.

140
00:07:28,000 --> 00:07:31,000
Speaker 4: Okay, I'm like chicken little. Hey, you know, like my

141
00:07:31,120 --> 00:07:32,959
timing is off, all right, But.

142
00:07:32,959 --> 00:07:35,319
Speaker 1: It was because they instituted QT.

143
00:07:35,639 --> 00:07:37,480
Speaker 4: I've just read last month.

144
00:07:37,639 --> 00:07:41,680
Speaker 1: A paper from the Bank of America, of all places,

145
00:07:42,040 --> 00:07:46,680
the head of their investment analysis, and it's stunned me

146
00:07:47,000 --> 00:07:50,600
because what he did, he put what I believe is

147
00:07:50,639 --> 00:07:54,720
going to trigger the collapse in a context that was

148
00:07:54,839 --> 00:07:58,079
so real. He caught me by the new gies. I

149
00:07:58,160 --> 00:08:00,439
usually don't get a lot of insight from them from

150
00:08:00,480 --> 00:08:03,680
Wall Street, all right, but they do watch it far

151
00:08:03,759 --> 00:08:07,120
greater than I do. And this guy had to me,

152
00:08:07,279 --> 00:08:12,800
has his finger, okay if it was called. Trump says

153
00:08:12,800 --> 00:08:16,560
goodbye to Rehab and embraces the Golden Triangle. According to

154
00:08:16,560 --> 00:08:19,480
the Bank of America partner. Global stock markets are all

155
00:08:19,519 --> 00:08:23,040
in until the bonds collapse. What he meant was the

156
00:08:23,079 --> 00:08:26,680
Golden Triangle is the heroin center of Southeast Asia, all right,

157
00:08:27,000 --> 00:08:29,839
And he said goodbye to rehab. And what he said

158
00:08:29,920 --> 00:08:35,159
was this, He said, right now, the markets who watch

159
00:08:35,240 --> 00:08:38,600
this know that it's all in, that we're there.

160
00:08:38,600 --> 00:08:39,440
Speaker 2: We're gonna go up.

161
00:08:39,799 --> 00:08:44,600
Speaker 1: Why because Trump the economic conditions are faltering, and what

162
00:08:44,679 --> 00:08:47,039
the trup what they're gonna do is cut interest rates.

163
00:08:47,120 --> 00:08:50,720
They're gonna be forced to, forced to they have to, Okay,

164
00:08:50,960 --> 00:08:54,279
and that's all they're waiting for. Years ago I made

165
00:08:54,320 --> 00:08:58,039
the observation carry that the difference between the free market

166
00:08:58,759 --> 00:09:01,559
and a and a cap market is that in a

167
00:09:01,600 --> 00:09:02,559
free market, the.

168
00:09:02,519 --> 00:09:04,559
Speaker 4: Price of goods and services is determined by.

169
00:09:04,480 --> 00:09:08,240
Speaker 1: Supplying demand very easy, okay. In a capital market, in

170
00:09:08,320 --> 00:09:11,919
a fiat money bank driven market, the price of good

171
00:09:11,919 --> 00:09:14,960
and services is determined not by supplying demand as a factor,

172
00:09:15,000 --> 00:09:15,480
not much.

173
00:09:15,799 --> 00:09:17,639
Speaker 4: The overriding factory is a cost of credit.

174
00:09:18,440 --> 00:09:19,519
Speaker 1: Cost of credit, okay.

175
00:09:19,639 --> 00:09:23,399
Speaker 4: And you know that housing everything, Okay. Business, you've got

176
00:09:23,440 --> 00:09:23,799
a business.

177
00:09:23,799 --> 00:09:26,840
Speaker 1: You're playing against time, You're on the clock. Everything because

178
00:09:26,879 --> 00:09:31,399
of compounding interest, compounding it drives the whole game. Okay.

179
00:09:31,559 --> 00:09:33,960
And it's a very and it's and and and what

180
00:09:34,000 --> 00:09:36,840
the central banks do, they're like the juggler in charge

181
00:09:36,960 --> 00:09:40,000
of the debt and credit and debt giving them a balance. Okay.

182
00:09:40,320 --> 00:09:42,360
Speaker 4: And but the credit and deathies.

183
00:09:42,039 --> 00:09:44,840
Speaker 1: Have gotten bigger and bigger and bigger, I mean so

184
00:09:45,039 --> 00:09:49,039
big they have are having trouble juggling. All right. Well,

185
00:09:49,080 --> 00:09:52,759
this Bank of America guy who observes the markets, the

186
00:09:52,799 --> 00:09:56,840
guy sitting on toilet, issued a warning and basically he said,

187
00:09:57,200 --> 00:10:00,799
keep taking dumps, but that toilet is gonna blow up

188
00:10:00,799 --> 00:10:02,639
on you. When this happened, all.

189
00:10:02,559 --> 00:10:06,120
Speaker 2: Right, well outside behind the house, Yeah, don't stay in

190
00:10:06,159 --> 00:10:08,919
the house when you just started hearing the sounds.

191
00:10:09,159 --> 00:10:12,440
Speaker 4: And he this is the way he predicted, because.

192
00:10:12,120 --> 00:10:15,080
Speaker 1: They're gonna cut interest rates, he said, the markets, no

193
00:10:15,240 --> 00:10:19,559
mortal quidding is cutting already. Central banks are just cutting, cutting,

194
00:10:19,559 --> 00:10:23,600
cutting around the world because they general economy is in trouble,

195
00:10:24,039 --> 00:10:26,840
all right, so they're trying to raise it up with

196
00:10:26,919 --> 00:10:29,759
more steroids or cutting cutting, cutting, Oka. He said, what's

197
00:10:29,759 --> 00:10:33,320
gonna happen is most of that money is gonna go

198
00:10:33,440 --> 00:10:37,080
and ask because people who investors have access to the

199
00:10:37,159 --> 00:10:40,559
leverage that the general population is not. They're in the

200
00:10:40,600 --> 00:10:43,879
first once at the troth, they're closer to the spigers

201
00:10:43,919 --> 00:10:44,320
the credit.

202
00:10:44,600 --> 00:10:47,720
Speaker 4: So what happens is when they lower the interest rates.

203
00:10:47,600 --> 00:10:51,960
Speaker 1: The first money doesn't go into you know, getting people richer,

204
00:10:52,039 --> 00:10:56,000
you know, you're creating economic movement. It goes to the

205
00:10:56,000 --> 00:10:59,120
finance boys who take that money go to Wall Street

206
00:10:59,240 --> 00:11:03,000
leverage out stocks, bonds, real estate. And since they're all

207
00:11:03,080 --> 00:11:06,240
by the same financial assets, that's where the bubble is.

208
00:11:06,279 --> 00:11:08,639
But they don't call it a bubble. They call it

209
00:11:08,720 --> 00:11:12,600
a rising market. Times are good, but it's a bubble. Okay.

210
00:11:12,759 --> 00:11:16,399
Speaker 4: So what Hartnick says, we're in a crucial stage where

211
00:11:16,799 --> 00:11:19,000
everybody knows that it's risk off.

212
00:11:19,480 --> 00:11:22,639
Speaker 1: And he said this in July. So he said, bye

213
00:11:22,840 --> 00:11:28,759
bye bye. All right, crypto cows car and whatever. All right,

214
00:11:28,759 --> 00:11:32,360
it's gonna go up tail the bond markets. We act,

215
00:11:32,840 --> 00:11:36,240
he said, what going all in is gonna do. It's

216
00:11:36,240 --> 00:11:38,559
gonna put a it's gonna put a huge strain on

217
00:11:38,600 --> 00:11:42,039
the bond markets. Now, what people don't understand is bond

218
00:11:42,080 --> 00:11:46,639
markets are five times larger than stock markets. Why because

219
00:11:46,679 --> 00:11:49,519
bond markets are the is where they trade the debt

220
00:11:49,600 --> 00:11:54,000
created by debt based money and debt based money compounds

221
00:11:54,039 --> 00:11:57,919
and froze off more debt than the original credit issued.

222
00:11:58,519 --> 00:12:01,360
So that's why debt markets are five time larger than

223
00:12:01,440 --> 00:12:05,559
credit markets. Okay, so the debt markets are far bigger

224
00:12:05,919 --> 00:12:10,480
and far more consequential. I've always said than the corral.

225
00:12:11,039 --> 00:12:14,480
Where it's gonna happen, the big where the shootout's gonna

226
00:12:14,480 --> 00:12:17,360
happen is not in the stock markets. It's gonna be

227
00:12:17,399 --> 00:12:21,080
in the bond market. Absolutely. And that's what he says.

228
00:12:21,080 --> 00:12:24,480
He said, what happens, and he says the equity people

229
00:12:24,480 --> 00:12:27,320
don't understand this. The equity people are by by bye.

230
00:12:27,559 --> 00:12:30,720
All they know is growth because that's where that's how

231
00:12:30,759 --> 00:12:31,279
they're geared.

232
00:12:31,840 --> 00:12:33,759
Speaker 2: That's yeah.

233
00:12:34,000 --> 00:12:38,360
Speaker 1: The bond people are really conservative, really conservative. They're like,

234
00:12:38,799 --> 00:12:41,200
so they buy the debt and they trade it off,

235
00:12:41,240 --> 00:12:43,600
and they watch the basis points, and they may they

236
00:12:43,639 --> 00:12:48,600
make their their satisfied with incremental gain over the possibility

237
00:12:48,879 --> 00:12:52,960
of great of great reward versus great loss. They don't

238
00:12:53,039 --> 00:12:56,320
like playing that game. They play a much more conservative

239
00:12:56,559 --> 00:13:00,159
control game. But their game is affected by what's happen

240
00:13:00,159 --> 00:13:03,720
in the other arena. And what Bank of America analysts

241
00:13:03,720 --> 00:13:06,919
said is that when they're watching the arena, all right,

242
00:13:07,080 --> 00:13:10,600
but any point that he had an asset asset growth

243
00:13:11,559 --> 00:13:15,559
in twenty twenty five, the asset class that has didn't

244
00:13:15,759 --> 00:13:18,759
grown the most is not stocks, even though they're all

245
00:13:18,799 --> 00:13:21,759
at record highs, s A ped they're all at record highs.

246
00:13:22,000 --> 00:13:24,360
The asset class has increased the most in twenty twenty

247
00:13:24,360 --> 00:13:28,559
five is gold? All right? Now, Gold is not increasing

248
00:13:28,879 --> 00:13:33,080
because it's future. It's not like AI. You know, it

249
00:13:33,120 --> 00:13:38,320
has no value like that. If gold people think gold

250
00:13:38,360 --> 00:13:42,200
is in inflation heads, it is. Gold is really also

251
00:13:42,240 --> 00:13:45,240
a deflation heads. When the when the when in the

252
00:13:45,320 --> 00:13:48,919
nineteen thirties, when it when the stock amerkers collapse. If

253
00:13:48,919 --> 00:13:51,919
you had ten percent of your stock in your assets

254
00:13:52,039 --> 00:13:55,759
in homestate mining the world's largest gold mine, ten years later,

255
00:13:55,759 --> 00:13:58,679
when everybody was down ninety percent, your portfolio would have

256
00:13:58,720 --> 00:14:02,759
been even. The ten percent in Homesteak would have offset

257
00:14:02,799 --> 00:14:05,320
the loss of nighty percent of your portfolio. Okay, so

258
00:14:05,360 --> 00:14:08,480
it's the deflation heads, it's an inflation heads. What gold

259
00:14:08,559 --> 00:14:12,840
really is is a chaos hits and we are in

260
00:14:12,960 --> 00:14:16,320
chaos times. We are you nobody else what's going on?

261
00:14:16,720 --> 00:14:19,159
I mean, Trump doesn't know what's going to do tomorrow,

262
00:14:19,399 --> 00:14:21,360
all right. He reads the news like you and I do.

263
00:14:21,600 --> 00:14:25,360
But I'm like you, yeah, yeah, I exactly okay, But

264
00:14:25,480 --> 00:14:29,279
I'm like you and I what do we do? He

265
00:14:30,519 --> 00:14:35,600
has votes behind him, so everybody moves according to him.

266
00:14:35,840 --> 00:14:39,240
It's chaos. But this is where we are. And what

267
00:14:39,320 --> 00:14:42,799
blew my mind was how well the Bank of America

268
00:14:42,879 --> 00:14:46,559
paper enumerated is so clearical? Because I do you know?

269
00:14:46,639 --> 00:14:49,840
To me? You know, I have my fedillicis of who

270
00:14:49,840 --> 00:14:51,960
I listen to, and I don't listen to a whole lot,

271
00:14:52,159 --> 00:14:55,000
you know, because my my suprevicet.

272
00:14:55,279 --> 00:14:57,360
Speaker 4: But Bank of America is not one of them.

273
00:14:57,720 --> 00:14:58,159
Speaker 2: Okay.

274
00:14:58,519 --> 00:15:02,879
Speaker 1: And I read this and I when always monks, Darryl.

275
00:15:03,440 --> 00:15:07,759
This guy has said what you weren't looking at in

276
00:15:07,879 --> 00:15:12,759
a way that you understand clearly that the it's risk

277
00:15:12,879 --> 00:15:18,080
on from here on out. You're on out until it's

278
00:15:18,440 --> 00:15:21,200
risk off. They're not gonna know what's gonna hit them

279
00:15:21,320 --> 00:15:23,559
because they're only gonna be looking up when it happens.

280
00:15:24,240 --> 00:15:28,080
Speaker 4: But it's the bond people who bonds are performing the

281
00:15:28,200 --> 00:15:28,919
worst this year.

282
00:15:29,440 --> 00:15:30,480
Speaker 1: They're gold is.

283
00:15:30,519 --> 00:15:32,120
Speaker 4: The best starts are behind them.

284
00:15:32,480 --> 00:15:33,320
Speaker 1: Bonds are the worst.

285
00:15:33,360 --> 00:15:38,600
Speaker 5: And don't forget yeah, they're their asset. They're risk on

286
00:15:38,759 --> 00:15:41,519
asset classes, all right, if you said by crypto. But

287
00:15:41,679 --> 00:15:46,279
when it happens, it's gonna the risk on classes are

288
00:15:46,360 --> 00:15:47,039
gonna go down.

289
00:15:47,519 --> 00:15:50,120
Speaker 1: Gold is not a risk on class. Gold is a

290
00:15:50,279 --> 00:15:53,919
risk at first class. Gold is the old and silver

291
00:15:54,519 --> 00:15:57,679
are the ultimate risk adverse classes.

292
00:15:58,399 --> 00:16:02,639
Speaker 2: So what I see happening now and I see the

293
00:16:03,200 --> 00:16:06,320
I see whomever the powers that be or fighting it

294
00:16:07,000 --> 00:16:12,799
is a short squeeze in physical silver. That's happening, isn't it?

295
00:16:13,200 --> 00:16:14,000
Speaker 1: Oh? Yes it is?

296
00:16:14,519 --> 00:16:18,360
Speaker 4: And see what the deal is this? They're not even

297
00:16:18,559 --> 00:16:19,360
you know, Carrie.

298
00:16:19,399 --> 00:16:25,320
Speaker 1: When this started, the attention of the boys, the cartels

299
00:16:25,360 --> 00:16:29,799
controlling the precious metal markets was incredibly powerful. They could

300
00:16:29,879 --> 00:16:34,240
control they would allow when it when the markets when gold,

301
00:16:34,879 --> 00:16:37,600
When precious mental markets finally started turning in two thousand

302
00:16:37,639 --> 00:16:40,240
and two, after the collapse of the dot com bubble,

303
00:16:41,080 --> 00:16:43,519
finally it started getting away from them. Okay, before then,

304
00:16:43,759 --> 00:16:46,000
for twenty years they had driven it down after the

305
00:16:46,080 --> 00:16:48,600
nineteen eighties, and then in two thousand and two, the

306
00:16:48,720 --> 00:16:50,360
momentum was so be it kept going up.

307
00:16:50,960 --> 00:16:52,559
Speaker 4: So what they would do is they would allow a

308
00:16:52,679 --> 00:16:57,679
five percent increase. Why because they didn't want it to

309
00:16:57,799 --> 00:17:01,639
get to the aware of the investor class at large

310
00:17:01,679 --> 00:17:07,960
that to play the risk by gold less pressure rect

311
00:17:08,480 --> 00:17:10,880
it's the pressure release. Yeah, so a five percent they

312
00:17:10,920 --> 00:17:14,279
could tolerate that, all right, but they didn't want. Their

313
00:17:14,720 --> 00:17:21,599
big theory was the gold versus theach back then, because

314
00:17:21,599 --> 00:17:24,000
crypto didn't exist until two thousand and nine when they

315
00:17:24,039 --> 00:17:27,200
started printing money. Okay, crypto, bitcoin, what didn't even exist

316
00:17:27,200 --> 00:17:29,480
in two thousand and eight. It came into being on

317
00:17:29,599 --> 00:17:31,480
January first, two thousand and nine.

318
00:17:31,920 --> 00:17:35,119
Speaker 1: All right, So what happened is is that their concern.

319
00:17:35,079 --> 00:17:39,480
Speaker 4: Was gold because gold is really the day the threat

320
00:17:39,519 --> 00:17:40,759
to the FIAT because.

321
00:17:40,799 --> 00:17:42,680
Speaker 1: And it's not a gold it's not a threat because

322
00:17:42,720 --> 00:17:44,720
it does anything. It's a threat because.

323
00:17:44,519 --> 00:17:47,920
Speaker 4: When the occurrencies get threatened, everybody goes to gold. They

324
00:17:47,960 --> 00:17:49,000
always have all.

325
00:17:49,279 --> 00:17:50,640
Speaker 2: Is it doesn't do anything.

326
00:17:50,720 --> 00:17:54,720
Speaker 1: It's doesn't do anything exactly, it's there and as value,

327
00:17:55,119 --> 00:17:56,039
it's just valuable.

328
00:17:56,359 --> 00:17:58,839
Speaker 4: So what happened is is that all their concern was

329
00:17:58,960 --> 00:18:01,200
on gold and silver, and they control the control.

330
00:18:01,240 --> 00:18:03,920
Speaker 1: The control. Now the difference carrying now is this, you're right,

331
00:18:04,200 --> 00:18:07,279
they are watching the squeeze, they are watching what's going

332
00:18:07,319 --> 00:18:09,839
on in gold and silver markets. Okay, because the truth

333
00:18:09,960 --> 00:18:14,200
is when the breakout happens. Silver traditionally has led gold

334
00:18:14,279 --> 00:18:17,680
in the breakout. Now, silver has not up till now,

335
00:18:17,920 --> 00:18:21,960
and gold the breakout started in January. Okay, they're up

336
00:18:22,039 --> 00:18:24,880
twenty their way up, okay, and gold has led it.

337
00:18:25,480 --> 00:18:28,319
Which is which the price be? All right, because silver

338
00:18:28,440 --> 00:18:31,279
has always now but you're what I believe you may

339
00:18:31,359 --> 00:18:33,960
be onto something here is that silver is about to

340
00:18:34,039 --> 00:18:36,839
break out and more people are more people connecting the

341
00:18:36,920 --> 00:18:40,160
silver than gold. Gold is the big boy game. Silver

342
00:18:40,359 --> 00:18:43,839
is the investor game, all right. It ends yeah, yeah,

343
00:18:43,880 --> 00:18:45,960
common money and people are afraid of well, the most

344
00:18:46,000 --> 00:18:48,880
common money is debt. When they say gold, gold is

345
00:18:48,920 --> 00:18:51,400
the is the currency of pinions, Silver is the currency

346
00:18:51,400 --> 00:18:54,279
of merchants, and debt is the is the currency of

347
00:18:54,720 --> 00:18:57,440
the rest, all right, And so that's where we are.

348
00:18:57,759 --> 00:19:00,359
So it's if silver takes off and breaks out, the

349
00:19:00,440 --> 00:19:02,720
people on the bondom will notice that more and just

350
00:19:03,519 --> 00:19:06,720
the tide. That's where they're afraid. They're they're they're afraid

351
00:19:07,039 --> 00:19:13,240
that the people trapped in the arena because because there's

352
00:19:13,319 --> 00:19:16,440
only so many exits now there they weren't forced in there,

353
00:19:16,519 --> 00:19:19,000
they were in there by their on the cord they're

354
00:19:19,079 --> 00:19:21,960
in there because they that's where the action is, all right. Now,

355
00:19:22,000 --> 00:19:24,680
the truth that circumstances has forced them in there, and

356
00:19:24,759 --> 00:19:27,720
it's forced them into at the lowest tiers. The people

357
00:19:27,799 --> 00:19:29,759
who are in there by choice are the ones that

358
00:19:29,839 --> 00:19:33,079
the higher tiers sort of running things all right, but

359
00:19:33,200 --> 00:19:35,480
they're gonna go down because everybody goes down to one.

360
00:19:35,480 --> 00:19:36,039
Are these things?

361
00:19:36,200 --> 00:19:38,440
Speaker 4: I mean, the flip is phenomenal.

362
00:19:39,559 --> 00:19:42,000
Speaker 1: Those rich people with all their gold and silver are

363
00:19:42,279 --> 00:19:45,680
at the same time highly leveraged in highly vulnerable markets

364
00:19:46,960 --> 00:19:50,680
are Goo services and life inserviance policy. But they've got

365
00:19:50,759 --> 00:19:54,519
their real assets in the markets, all right. So of

366
00:19:54,640 --> 00:19:59,359
course when the markets go, they're in trouble. So everybody

367
00:19:59,440 --> 00:20:03,039
is in arena, okay. And what the Bank of America

368
00:20:03,119 --> 00:20:06,000
guy said was that that areda, the noise is gonna

369
00:20:06,039 --> 00:20:10,680
become deafening. It's already loud record levels, but the decibels said,

370
00:20:10,799 --> 00:20:12,559
stay in there, but get out of the door.

371
00:20:13,079 --> 00:20:15,799
Speaker 2: Yeah, time pable. What's the time table for all this?

372
00:20:16,759 --> 00:20:20,799
Speaker 1: He he he, that's what it is. He doesn't he

373
00:20:20,920 --> 00:20:24,160
gives the he ala he says, is this the United

374
00:20:24,200 --> 00:20:30,000
States will reach an epic depth shock, okay. Hartnick believes

375
00:20:30,160 --> 00:20:33,200
that the long term bear market for the dollar has

376
00:20:33,400 --> 00:20:37,279
just begun, okay, and that's the critical piece. And he

377
00:20:37,440 --> 00:20:42,480
recommends increasing allocations to commodities, cryptos, international markets, and emergency

378
00:20:42,519 --> 00:20:46,559
markets in the latter half of the twenty twenties. Now

379
00:20:46,839 --> 00:20:49,519
he doesn't know when the market, when the bond market

380
00:20:49,680 --> 00:20:52,039
is going to finally react, when the bond market is

381
00:20:52,079 --> 00:20:56,559
going to go. Japan is already having trouble selling slacker god, okay,

382
00:20:56,960 --> 00:21:00,720
we Japan is the canary in our gold matt there

383
00:21:00,759 --> 00:21:04,240
are they They had there the knee collapse in nineteen

384
00:21:04,279 --> 00:21:07,519
eighty nineteen ninety, it went down eighty percent. That was

385
00:21:07,559 --> 00:21:10,200
the biggest drop since the Great Compression in the United States.

386
00:21:10,720 --> 00:21:13,599
They had a the only reason it was smaller, the

387
00:21:13,680 --> 00:21:18,240
country smaller. The effect there was damaging. And what they

388
00:21:18,319 --> 00:21:22,839
did carry was they started QE. They borrowed their way

389
00:21:22,960 --> 00:21:25,359
out at all the bankers of the Burger. You guys

390
00:21:25,400 --> 00:21:28,480
are doing the round thing. Yeah, you know what we

391
00:21:28,599 --> 00:21:31,960
started doing ten years later because you're there, so I

392
00:21:32,079 --> 00:21:35,400
think you know all that didn't Yeah, all of your

393
00:21:35,440 --> 00:21:37,359
good advice doesn't matter. It's survival.

394
00:21:37,880 --> 00:21:39,599
Speaker 4: So we are in the same thing.

395
00:21:39,640 --> 00:21:43,359
Speaker 1: But your question is the real question, When is the

396
00:21:43,480 --> 00:21:46,319
bond people, when are they gonna we at? He said,

397
00:21:46,640 --> 00:21:52,279
he does give some parameters when the when the interest

398
00:21:52,359 --> 00:21:56,160
rate on the US Treasury goes to five point one,

399
00:21:56,359 --> 00:21:58,039
on the long term bond goes to five point one,

400
00:21:59,480 --> 00:22:02,240
watch out, it's gonna happen after that. It won't happen before,

401
00:22:02,559 --> 00:22:04,680
but it will happen after that. And he also gives

402
00:22:04,759 --> 00:22:09,000
in that article, uh uh for the Back of AMRA

403
00:22:09,240 --> 00:22:13,119
for the it was I think Japanese yen and and

404
00:22:13,279 --> 00:22:17,039
the British panel. He gave, you know, interest rates when

405
00:22:17,079 --> 00:22:19,079
they when it when it's gonna exceed it, but I

406
00:22:19,119 --> 00:22:21,960
think the US one was around five point one, Bill

407
00:22:22,000 --> 00:22:25,240
Beck it is. The article is entitled you can google

408
00:22:25,599 --> 00:22:28,440
Trump says goodbye to rehab and braces the Golden Tragle.

409
00:22:28,640 --> 00:22:31,000
Speaker 4: That means he's out of there. He's going to where

410
00:22:31,000 --> 00:22:31,839
they grow opium.

411
00:22:32,200 --> 00:22:36,480
Speaker 1: Right, that's what it is, you know, according to the

412
00:22:36,559 --> 00:22:41,079
Bank of America, Back of America, Heartener, Global credit markets

413
00:22:41,759 --> 00:22:46,000
see all in until the bonds collapse. Google that the

414
00:22:46,119 --> 00:22:48,279
articles there. It caught my attention.

415
00:22:49,559 --> 00:22:53,039
Speaker 4: I believe that the people who watch this will probably.

416
00:22:53,720 --> 00:22:55,400
Speaker 1: Have that same kind of reaction that I did.

417
00:22:56,839 --> 00:23:01,319
Speaker 2: Okay, all right, so uh have to find that report.

418
00:23:02,279 --> 00:23:04,400
It's on Bank of America someplace.

419
00:23:05,000 --> 00:23:07,400
Speaker 4: Well, I just googled it generally, and that was the title.

420
00:23:07,960 --> 00:23:10,039
Is His name is Heartnett Michael.

421
00:23:10,559 --> 00:23:13,400
Speaker 1: Harton heart met h A R. T n E.

422
00:23:13,599 --> 00:23:13,839
Speaker 2: T t.

423
00:23:14,440 --> 00:23:18,160
Speaker 1: Chief investment strategist at Bank of America. The article was

424
00:23:18,240 --> 00:23:22,839
posted July thirteenth, twenty twenty five. So if you get

425
00:23:22,880 --> 00:23:26,559
an article around there and the title is Trump says goodbye?

426
00:23:26,599 --> 00:23:27,359
Do we have Yes?

427
00:23:27,720 --> 00:23:29,839
Speaker 4: Trump says goodbye? Do we have embraces?

428
00:23:29,839 --> 00:23:31,200
Speaker 1: The golden title, that's the article.

429
00:23:32,119 --> 00:23:35,640
Speaker 2: I love it. I love it. Well, Hey, you always

430
00:23:35,680 --> 00:23:38,680
give us a lot to think about here, Darryl. I

431
00:23:38,759 --> 00:23:41,799
don't think he's really telling us anything that you and

432
00:23:41,960 --> 00:23:45,759
I in our community didn't figure out already.

433
00:23:46,759 --> 00:23:49,440
Speaker 4: Yes, but we didn't. It was to me it was

434
00:23:49,519 --> 00:23:53,079
the fact that he had narrowed it down two dynamics

435
00:23:53,160 --> 00:23:53,640
that are writing.

436
00:23:54,240 --> 00:23:56,519
Speaker 1: You know, Carrie, you've been at this so motherfucker.

437
00:23:57,160 --> 00:24:00,359
Speaker 4: Yeah, it's too long, all right, And that's why I

438
00:24:00,400 --> 00:24:02,720
don't write anymore. That's why I'm talking anymore, you know,

439
00:24:02,839 --> 00:24:03,880
because I've said it.

440
00:24:04,640 --> 00:24:07,039
Speaker 1: You know, I just you know, I got a horse,

441
00:24:07,640 --> 00:24:08,640
I'm all, you know.

442
00:24:09,000 --> 00:24:11,880
Speaker 2: But when I saw I feel the same way man.

443
00:24:12,519 --> 00:24:14,640
Speaker 1: When I saw a guy from the Bank of America

444
00:24:14,720 --> 00:24:18,119
from that side of the table see what I have

445
00:24:18,240 --> 00:24:22,119
been seeing for years, and went wow, with such clarity.

446
00:24:22,680 --> 00:24:25,680
I was amazed. And you know what, when the blind

447
00:24:25,759 --> 00:24:28,759
began to see, horses will start flying.

448
00:24:28,960 --> 00:24:34,400
Speaker 2: Look out. All right, Hey, so Daryl, so you're not

449
00:24:34,559 --> 00:24:39,200
riding anymore, so, but we'll put the link up to

450
00:24:39,240 --> 00:24:42,480
your site anyway. So people, Yeah, I do keep.

451
00:24:42,599 --> 00:24:45,640
Speaker 4: A news thing every day. I mean I do post

452
00:24:45,759 --> 00:24:48,920
generally every day what I see going in articles of interest.

453
00:24:49,319 --> 00:24:53,079
Speaker 1: And I realized the reason why, you know, I lost

454
00:24:53,119 --> 00:24:54,960
my website from so I lost most of the people

455
00:24:54,960 --> 00:24:56,119
who were always watching me.

456
00:24:56,559 --> 00:24:59,759
Speaker 4: But I realized most people don't want to see that

457
00:25:00,079 --> 00:25:04,440
news concert and that's what I see both so true.

458
00:25:05,039 --> 00:25:08,359
Speaker 2: Who wants bad news? All these stuff?

459
00:25:10,799 --> 00:25:13,559
Speaker 4: When we go to parties. Starting years ago, Martha would

460
00:25:13,559 --> 00:25:17,720
say to me, garryl shut up. These people are here

461
00:25:18,039 --> 00:25:19,559
for a good time.

462
00:25:20,119 --> 00:25:21,279
Speaker 1: Shut up.

463
00:25:22,079 --> 00:25:23,200
Speaker 4: Let them had a good time.

464
00:25:26,279 --> 00:25:28,799
Speaker 2: I'm sorry, I can't help but laughing, but I know

465
00:25:29,599 --> 00:25:32,200
it's like nobody wants to hear this stuff, but everybody

466
00:25:32,319 --> 00:25:37,319
needs to hear it, right, That's it, that's it, fine mess,

467
00:25:37,440 --> 00:25:38,599
you've gotten us into here.

468
00:25:38,759 --> 00:25:39,039
Speaker 1: Darryl.

469
00:25:40,759 --> 00:25:42,480
Speaker 4: Hey, Oh, it was opened my eyes.

470
00:25:43,319 --> 00:25:43,440
Speaker 2: You know.

471
00:25:43,480 --> 00:25:46,400
Speaker 1: I wrote a novel once and I said, I said,

472
00:25:46,480 --> 00:25:49,640
it's going bad, but I don't know why I'm the

473
00:25:49,720 --> 00:25:51,839
one that has to see it. Yeah.

474
00:25:51,960 --> 00:25:54,440
Speaker 2: Well I feel the same way, man, the same way.

475
00:25:55,400 --> 00:25:59,039
But I'll tell you what my former law partner always

476
00:25:59,119 --> 00:26:02,160
used to say to me. He used to say, Carrie,

477
00:26:02,640 --> 00:26:05,880
the situation is hopeless, but never serious.

478
00:26:08,000 --> 00:26:08,240
Speaker 1: Good.

479
00:26:09,559 --> 00:26:12,440
Speaker 4: I take that in a very positive sense. It's it

480
00:26:12,599 --> 00:26:15,640
is hopeless. And you okay, I look at what's happening.

481
00:26:15,839 --> 00:26:18,319
You look so good. You do, and your books and

482
00:26:18,359 --> 00:26:20,880
you're selling. You're on a roll, Carrie. I've known you

483
00:26:20,920 --> 00:26:25,200
a long time. Yeah, roll, you're rolling, keep rolling.

484
00:26:25,720 --> 00:26:30,240
Speaker 2: You're right, that's okay. Now that's the kid. And you know,

485
00:26:30,480 --> 00:26:33,920
don't let the bastards get you down right out. No,

486
00:26:34,920 --> 00:26:37,119
I mean, you know, my saying was.

487
00:26:38,599 --> 00:26:41,200
Speaker 1: My tagline on every when I started writing articles in

488
00:26:41,240 --> 00:26:47,119
two thousand and seven, was by goal, by silver, have faith.

489
00:26:48,200 --> 00:26:49,440
Speaker 4: And that's really what it is.

490
00:26:49,559 --> 00:26:52,240
Speaker 1: And I think at this time faith is even more

491
00:26:52,279 --> 00:26:55,960
important than it was that because the the crisis that

492
00:26:56,000 --> 00:26:59,440
we're heading into is going to be a game changer.

493
00:26:59,640 --> 00:27:01,519
The game is it about to chant? And I think

494
00:27:01,559 --> 00:27:04,599
it's going to change for the better because book Minister

495
00:27:04,640 --> 00:27:07,279
Fuller wrote nineteen eighty two that Manki was entering an

496
00:27:07,359 --> 00:27:10,799
unprecedented crisis that's going to transform humanity, and he said

497
00:27:11,039 --> 00:27:13,759
the reason why it's going to transform is that the

498
00:27:13,960 --> 00:27:20,319
institutions that have been in control, economic, political, and religious

499
00:27:20,759 --> 00:27:24,200
are all being to loser grip on humanity des and

500
00:27:24,759 --> 00:27:29,559
humanity will find its own way by itself, which is

501
00:27:29,640 --> 00:27:33,319
going to end up better for everyone. But the transition

502
00:27:34,000 --> 00:27:35,079
is not going to be easy.

503
00:27:35,759 --> 00:27:38,400
Speaker 2: No, I'm not going that easy, Fond Yep, They're not

504
00:27:38,519 --> 00:27:42,720
going that easy. Will not be fun, that's for sure. Well,

505
00:27:43,039 --> 00:27:46,200
Daral appreciate you coming on any questions for Daryl myself.

506
00:27:46,519 --> 00:27:51,880
Klat Kerrie LUTs dot com. And remember you'll be getting

507
00:27:52,039 --> 00:27:58,640
some emails about Operation Algorithm Assassin. Keep your eyes open

508
00:27:58,799 --> 00:28:02,640
for them. Very important because we're going up against the

509
00:28:02,720 --> 00:28:05,839
big platforms. You know who you are out there. You're

510
00:28:05,839 --> 00:28:10,000
probably monitoring everything we're saying now anyway doesn't matter. You

511
00:28:10,079 --> 00:28:13,079
can't stop what's going to happen, just like nobody can

512
00:28:13,160 --> 00:28:18,200
stop what's going to happen to the global monetary economic system. Daryl,

513
00:28:18,279 --> 00:28:19,680
we'll talk to you a soon. Be well.

514
00:28:20,000 --> 00:28:23,240
Speaker 3: Thanks you do, Gerry, thanks for listening to carry Letz's

515
00:28:23,359 --> 00:28:28,400
Financial Survival Network, your solution to today's trying times. For

516
00:28:28,519 --> 00:28:33,799
the latest, go to Financialsurvivalnetwork dot com. Financial Survival Network

517
00:28:34,240 --> 00:28:35,680
now more than ever,