WEBVTT 1 00:00:00.120 --> 00:00:02.680 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 You read it? 8 00:00:17.800 --> 00:00:21.280 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 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 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 Now. 24 00:01:19.400 --> 00:01:22.359 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 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 All right. 40 00:02:09.000 --> 00:02:12.000 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 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 Americans, you know, Carrie, we're crazy. 61 00:03:19.120 --> 00:03:19.719 In your face. 62 00:03:20.879 --> 00:03:23.159 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 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 Why qt. 92 00:05:12.279 --> 00:05:15.839 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 But they floated. 115 00:06:18.680 --> 00:06:20.879 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 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 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 But things are wrong. 128 00:06:51.879 --> 00:06:54.759 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 They were leaving. 139 00:07:27.079 --> 00:07:27.560 I was wrong. 140 00:07:28.000 --> 00:07:31.000 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 It was because they instituted QT. 143 00:07:35.639 --> 00:07:37.480 I've just read last month. 144 00:07:37.639 --> 00:07:41.680 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 We're gonna go up. 161 00:08:39.799 --> 00:08:44.600 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 Price of goods and services is determined by. 169 00:09:04.480 --> 00:09:08.240 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 The overriding factory is a cost of credit. 174 00:09:18.440 --> 00:09:19.519 Cost of credit, okay. 175 00:09:19.639 --> 00:09:23.399 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 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 And but the credit and deathies. 183 00:09:42.039 --> 00:09:44.840 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 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 And he this is the way he predicted, because. 192 00:10:12.120 --> 00:10:15.080 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 So what happens is when they lower the interest rates. 203 00:10:47.600 --> 00:10:51.960 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 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 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 That's yeah. 233 00:12:34.000 --> 00:12:38.360 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 But Bank of America is not one of them. 273 00:14:57.720 --> 00:14:58.159 Okay. 274 00:14:58.519 --> 00:15:02.879 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 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 They're gold is. 283 00:15:30.519 --> 00:15:32.120 The best starts are behind them. 284 00:15:32.480 --> 00:15:33.320 Bonds are the worst. 285 00:15:33.360 --> 00:15:38.600 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 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 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 Oh? Yes it is? 296 00:16:14.519 --> 00:16:18.360 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 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 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 All right, So what happened is is that their concern. 319 00:17:35.079 --> 00:17:39.480 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 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 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 Is it doesn't do anything. 326 00:17:50.720 --> 00:17:54.720 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 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 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 I mean, the flip is phenomenal. 362 00:19:39.559 --> 00:19:42.000 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 Yeah, time pable. What's the time table for all this? 372 00:20:16.759 --> 00:20:20.799 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 So we are in the same thing. 395 00:21:39.640 --> 00:21:43.359 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