1
00:00:00,000 --> 00:00:03,160
Speaker 1: Who would expect the President to be firing the chairman

2
00:00:03,240 --> 00:00:06,040
of the Fed unless he gets zero percent interest or

3
00:00:06,879 --> 00:00:08,519
for one k is to be able to turn to

4
00:00:08,599 --> 00:00:11,640
the hedge funds and buy all these alternative investments. That

5
00:00:11,759 --> 00:00:15,199
wasn't part of the plan, but it's a very welcome

6
00:00:15,279 --> 00:00:18,199
part of the new world for precious metals.

7
00:00:18,280 --> 00:00:22,079
Speaker 2: You are listening to Carrie Lutz's Financial Survival Network, where

8
00:00:22,120 --> 00:00:25,519
you get valuable information you just can't find anywhere else

9
00:00:26,079 --> 00:00:29,679
to thrive in today's trying times. You need the Financial

10
00:00:29,760 --> 00:00:34,840
Survival Network now more than ever. Go to Financial Survivalnetwork

11
00:00:34,880 --> 00:00:38,640
dot com and get your free newsletter and gift. Financial

12
00:00:38,759 --> 00:00:42,439
Survival Network now more than ever.

13
00:00:45,719 --> 00:00:49,799
Speaker 3: And welcome you are listening to the Financial Survival Network.

14
00:00:49,840 --> 00:00:53,399
I'm your host, Carrie Lutz. John Rabino is with us. John,

15
00:00:53,479 --> 00:00:58,399
it's been a couple of weeks, but hey Trump Trump GPT.

16
00:00:58,920 --> 00:01:02,880
He seems to be steps ahead of all of his adversaries,

17
00:01:03,320 --> 00:01:08,879
both domestic and international. Here what's going on? Pay Jerry?

18
00:01:08,959 --> 00:01:13,000
Speaker 1: Well, you know, you can use a lot of adjectives

19
00:01:13,239 --> 00:01:17,239
when you're describing Donald Trump, but two that you can't

20
00:01:17,280 --> 00:01:22,239
help but use are consequential and busy. You know, the

21
00:01:22,239 --> 00:01:24,560
guy hit the ground running because they knew they had

22
00:01:25,200 --> 00:01:30,480
two years before the midterm elections, when it's completely conceivable

23
00:01:30,519 --> 00:01:33,640
the Congress flips, and then the purse strings are in

24
00:01:33,719 --> 00:01:35,319
the hands of people who don't want to finance any

25
00:01:35,359 --> 00:01:40,599
of Trump's initiatives. So the government is basically paralyzed. So

26
00:01:41,359 --> 00:01:43,879
Trump knows he's got to get everything done. There are

27
00:01:43,879 --> 00:01:46,040
a lot of stuff done in just these two years,

28
00:01:46,040 --> 00:01:50,920
and he's not wasting any time, you know, the everything

29
00:01:51,079 --> 00:01:55,120
that is on their wish list. They're just trying to

30
00:01:55,159 --> 00:01:57,560
do all at once, and they're letting the courts sort

31
00:01:57,599 --> 00:02:01,799
it out. And it's fascinating touch. You know, the district

32
00:02:01,799 --> 00:02:08,960
court judges impose nationwide what's that term injunctions, right, injunctions?

33
00:02:10,560 --> 00:02:13,680
Not only can't you do that in this case, but

34
00:02:13,719 --> 00:02:15,319
you can't do it anywhere in the country, you know,

35
00:02:15,439 --> 00:02:18,120
not just in my district. And then that bumps up

36
00:02:18,159 --> 00:02:20,960
to the Supreme Court, and the Supreme Court just lately said, now,

37
00:02:21,199 --> 00:02:26,960
you know, these nationwide injunctions are unconstitutional. So that basically

38
00:02:27,000 --> 00:02:29,319
opens the bloodgates for Trump to do all the things

39
00:02:29,360 --> 00:02:31,520
that he wants to do, and he's winning a lot

40
00:02:31,560 --> 00:02:33,080
of other things in the Supreme Court.

41
00:02:34,120 --> 00:02:37,919
Speaker 3: Yeah, he's winning everything. Basically, he's had like five major victories,

42
00:02:38,479 --> 00:02:42,400
and like one of them was the fact that he

43
00:02:42,439 --> 00:02:46,039
could just fire people in any department at his heart,

44
00:02:46,080 --> 00:02:50,000
to his heart's content. And this is like a major

45
00:02:50,280 --> 00:02:55,080
sticking point because they believe that they were covered by

46
00:02:55,080 --> 00:03:01,800
the Impoundment Control Act of nineteen seventy four, which basically said,

47
00:03:00,960 --> 00:03:06,120
if the president wants to stop spending, he's got to

48
00:03:06,159 --> 00:03:10,000
go back to Congress. And now he can just unilaterally

49
00:03:10,080 --> 00:03:13,280
say we're not paying it. So it's almost like he

50
00:03:13,319 --> 00:03:16,520
doesn't even need dog anymore. If he just decides that

51
00:03:18,080 --> 00:03:20,360
there's a department he doesn't like, he can't get rid

52
00:03:20,400 --> 00:03:22,479
of the department, but he can get rid of all

53
00:03:22,520 --> 00:03:26,319
the people in the department. So what's the difference, right, We'll.

54
00:03:26,159 --> 00:03:29,000
Speaker 1: See that that was always the big question, like who's

55
00:03:29,039 --> 00:03:33,599
in charge of the administrative state after all, because technically

56
00:03:33,599 --> 00:03:38,159
they're part of the executive branch, but they're funded by Congress.

57
00:03:38,360 --> 00:03:42,919
So can the president refuse to spend the money that

58
00:03:43,039 --> 00:03:45,240
Congress has allocated on a given thing? And that was

59
00:03:45,280 --> 00:03:47,759
the question that just kind of got answered now, right, No,

60
00:03:47,919 --> 00:03:50,159
the burnder, right is like I have.

61
00:03:50,039 --> 00:03:54,240
Speaker 3: To yeah, yeah, indirectly and I predicted it too through

62
00:03:54,280 --> 00:03:59,439
Trump GPT. You know, Trump GPT is running the White House. John. Look,

63
00:04:00,759 --> 00:04:02,840
as a lawyer, I could tell you that each one

64
00:04:02,879 --> 00:04:07,080
of those executive orders probably is several hundred hours worth

65
00:04:07,080 --> 00:04:08,840
of work. You don't just write them. You have to

66
00:04:08,879 --> 00:04:13,080
research every law they affect, and every other executive order

67
00:04:13,080 --> 00:04:16,680
they effect, hundreds and hundreds of hours. No sooner did

68
00:04:16,680 --> 00:04:19,439
he take his hand off the Bible, John, than he

69
00:04:19,519 --> 00:04:24,120
was signing executive orders. And the thing is he maybe

70
00:04:24,199 --> 00:04:28,120
had a small sized law firm on this case, but

71
00:04:28,800 --> 00:04:32,399
none of it got out. Nobody knew it was going

72
00:04:32,439 --> 00:04:34,439
to happen, and yet it happened.

73
00:04:35,959 --> 00:04:39,959
Speaker 1: Well, we knew they were working on a transition this

74
00:04:40,040 --> 00:04:41,879
time because the first time he got elected, he didn't

75
00:04:41,879 --> 00:04:43,879
think he was going to win. So it was just

76
00:04:44,000 --> 00:04:46,000
him all of a sudden, he was the president. He

77
00:04:46,040 --> 00:04:48,959
didn't know foodre and whether they were going to work

78
00:04:49,000 --> 00:04:51,399
with him or against them, And so it was a

79
00:04:51,439 --> 00:04:55,000
really other than the Supreme Court that he named three

80
00:04:55,079 --> 00:04:58,879
conservative justices to. He didn't accomplish much of anything this

81
00:04:59,000 --> 00:05:01,920
time around. He had the Federalist Society and all the

82
00:05:01,920 --> 00:05:08,000
thing tanks out there preparing personnel, and these executive orders,

83
00:05:08,040 --> 00:05:10,600
and you know they had AI obviously because they couldn't

84
00:05:10,600 --> 00:05:15,040
have done it without AI. But they had this long

85
00:05:15,120 --> 00:05:17,279
list of stuff they were going to do all lined

86
00:05:17,319 --> 00:05:20,680
up for day one. And yeah, it's been a really

87
00:05:20,800 --> 00:05:25,439
amazing performance to watch watch a president come in and

88
00:05:25,680 --> 00:05:29,800
just start doing stuff, tear things up or impose his

89
00:05:29,879 --> 00:05:31,759
will and all kinds of things where the president really

90
00:05:31,800 --> 00:05:34,000
never had much of a say, and you know, he's

91
00:05:34,040 --> 00:05:36,839
getting away with it. And the wild thing is he

92
00:05:36,920 --> 00:05:39,680
might actually get to name a couple more Supreme Court justices.

93
00:05:40,319 --> 00:05:44,160
I think he's well just in that sense, he's incredibly influential.

94
00:05:45,399 --> 00:05:48,959
Speaker 3: I couldn't agree with you more. And it's, you know,

95
00:05:49,120 --> 00:05:51,199
love him or hate him. I mean, there's things I

96
00:05:51,319 --> 00:05:53,879
like about and there's things I really don't like about them,

97
00:05:54,399 --> 00:05:57,560
like things like debt. Doesn't seem to care about how

98
00:05:57,600 --> 00:06:02,279
much debt gets run up. And you know this idea,

99
00:06:02,439 --> 00:06:05,319
like I'm no fan of J. Powells, but to throw

100
00:06:05,399 --> 00:06:08,160
him out so you could cut the rates from four

101
00:06:08,199 --> 00:06:11,519
and a half to one percent. You know, Michael Pento

102
00:06:11,680 --> 00:06:14,600
even says, I'm a supporter of the administration, but I

103
00:06:14,680 --> 00:06:17,759
can't support that. You know what that would do cutting

104
00:06:17,800 --> 00:06:21,560
the rates to one percent. I mean, we'd see an

105
00:06:21,560 --> 00:06:25,160
economic boom, but we would see a currency debasement. That

106
00:06:26,040 --> 00:06:28,000
the mother of all currency debasements.

107
00:06:28,040 --> 00:06:32,600
Speaker 1: John Well, Yeah, Trump is a real estate guy, and

108
00:06:32,639 --> 00:06:34,680
you live and die on interest rates if you're in

109
00:06:34,720 --> 00:06:38,160
real estate. So to him, low interest rates are the

110
00:06:38,600 --> 00:06:41,399
only completely good thing in the world, probably no bad

111
00:06:41,480 --> 00:06:43,759
side effects to it at all. And he is a

112
00:06:43,839 --> 00:06:48,839
great investment right, Yeah, nothing like that. If you can

113
00:06:48,839 --> 00:06:51,160
borrow money for zero percent, you can make money in

114
00:06:51,240 --> 00:06:55,120
real estate. But yeah, okay, here, here's the way this

115
00:06:55,240 --> 00:06:57,120
might play out is that, yeah, he gets his way

116
00:06:57,120 --> 00:06:59,120
with the Fed one way or another. They start cutting

117
00:06:59,160 --> 00:07:03,399
interest rates pretty aggressively at the short end of the

118
00:07:03,519 --> 00:07:06,160
yield curve, so the Fed Fund's rate goes down to

119
00:07:06,839 --> 00:07:11,839
zero again, and then long term rates is where there's

120
00:07:11,879 --> 00:07:15,560
the question, because will the bond markets accept that. In

121
00:07:15,600 --> 00:07:18,439
other words, will long term interest rates fall along with

122
00:07:18,519 --> 00:07:21,879
short term interest rates or will the bond traders rebel

123
00:07:22,759 --> 00:07:26,480
and start pushing up long term interest rates. If they

124
00:07:26,480 --> 00:07:28,720
do that, then the federal government has to step in

125
00:07:29,279 --> 00:07:32,720
with yield curve control and start forcing down long interest

126
00:07:32,800 --> 00:07:35,199
rates too. To do that, they have to basically create

127
00:07:36,240 --> 00:07:39,360
a tsunami of dollars with which to buy those ten

128
00:07:39,399 --> 00:07:42,560
and twenty and thirty year treasuries, and then that shifts

129
00:07:42,600 --> 00:07:46,240
the pressure over to the currency. So in other words,

130
00:07:46,240 --> 00:07:49,160
you get inflation if you try to push long rates

131
00:07:49,199 --> 00:07:52,439
down really dramatically, and that's the dollar falling in value,

132
00:07:53,480 --> 00:07:56,519
and there are no and it could happen within the

133
00:07:56,560 --> 00:08:01,079
next few years where the dollar starts falling in a

134
00:08:01,240 --> 00:08:05,800
kind of an uncontrollable way, and there's your crackup boom. Right,

135
00:08:06,240 --> 00:08:11,519
that's the endsets process where total people start shifting their

136
00:08:11,560 --> 00:08:14,600
dollars into real assets, they start buying gold and silver

137
00:08:14,680 --> 00:08:17,519
and farmland and everything. The price of those things go

138
00:08:17,600 --> 00:08:20,480
through the roof and you get hyper inflation in that sector,

139
00:08:22,000 --> 00:08:25,399
and then you know, the dollar is basically toast and

140
00:08:25,399 --> 00:08:29,279
we have to do the monetary reset so we could

141
00:08:29,319 --> 00:08:31,000
be lived to the prove of monetary history.

142
00:08:31,160 --> 00:08:35,919
Speaker 3: Right, Yeah, is the more we go on, the more inevitable.

143
00:08:36,200 --> 00:08:41,399
But good news in that respect is that your four

144
00:08:41,399 --> 00:08:43,039
oh one K is you're now going to be able

145
00:08:43,080 --> 00:08:45,120
to do alternative investing. Right.

146
00:08:46,240 --> 00:08:50,519
Speaker 1: That adds fuel to this fire. They have just decided

147
00:08:50,559 --> 00:08:54,000
the federal government to allow for one K plans to

148
00:08:54,159 --> 00:08:56,919
invest in alternative assets because right now, most four one

149
00:08:57,000 --> 00:09:01,960
K plans are in stocks, bonds, and cash and mutual

150
00:09:02,000 --> 00:09:04,559
funds that hold those things. But now they're going to

151
00:09:04,600 --> 00:09:08,399
be allowed to buy private equity and hedge funds and

152
00:09:08,480 --> 00:09:12,559
cryptos and gold and silver, which is a really huge

153
00:09:12,600 --> 00:09:17,559
deal for gold bugs because there's multiple trillions of dollars

154
00:09:17,600 --> 00:09:20,399
in four one K plans. And you know, if you've

155
00:09:20,440 --> 00:09:24,279
got a one K plan that has mostly stocks and

156
00:09:24,320 --> 00:09:27,840
bonds in it, and then you find out that you're

157
00:09:27,879 --> 00:09:30,639
allowed to buy gold, and that gold has been the

158
00:09:30,679 --> 00:09:34,759
best performing major asset this century so far, the past

159
00:09:34,799 --> 00:09:37,240
twenty five years, gold has outperformed the S and P

160
00:09:37,440 --> 00:09:40,679
five hundred. So you're going to want some gold. So

161
00:09:40,799 --> 00:09:44,000
let's say you put five percent of your poor one

162
00:09:44,080 --> 00:09:47,200
K in gold and silver. That doesn't sound like much

163
00:09:47,240 --> 00:09:49,879
in the scheme of things, but it's a massive inflow

164
00:09:50,000 --> 00:09:53,799
of capital into precious metals. You know, gold is not

165
00:09:53,879 --> 00:09:57,279
that big and silver is minacemal, and I think a

166
00:09:57,279 --> 00:09:59,480
lot of people, if they, you know, if they listen

167
00:09:59,519 --> 00:10:02,840
to casts like this one, are going to favor silver

168
00:10:02,879 --> 00:10:05,320
because silver is way cheap compared to gold, and so

169
00:10:05,559 --> 00:10:08,600
you know, you get a half a trillion dollars flowing

170
00:10:08,639 --> 00:10:11,159
into silver, and you've got one hundred dollars over right there,

171
00:10:11,720 --> 00:10:16,120
And that's totally conceivable in the scheme of things now.

172
00:10:16,679 --> 00:10:20,080
So that's something that probably people aren't paying too much

173
00:10:20,120 --> 00:10:23,159
attention to, but is actually a very big deal for

174
00:10:23,240 --> 00:10:30,159
precious metals and for bitcoin and for real estate. You know,

175
00:10:30,200 --> 00:10:31,960
if you can all of a sudden, if you have

176
00:10:32,000 --> 00:10:33,799
a four to one K and you're a hedge fund,

177
00:10:34,279 --> 00:10:35,759
a lot of wild bays can happen.

178
00:10:36,600 --> 00:10:40,639
Speaker 3: Hey, So, as you were mentioning that, I looked it

179
00:10:40,759 --> 00:10:44,600
up and as of March thirty first of this year,

180
00:10:45,440 --> 00:10:48,639
total amount held in four toh one K accounts was

181
00:10:48,679 --> 00:10:53,480
approximately eight point seven trillion dollars. But listen to this,

182
00:10:54,000 --> 00:10:58,799
the average balance, according to Fidelity, was one hundred and

183
00:10:58,840 --> 00:11:04,279
twenty seven thousand. So you take the average person, say

184
00:11:04,480 --> 00:11:08,519
I'm willing to do ten I'll take seventy five hundred

185
00:11:08,600 --> 00:11:11,919
dollars risk here, throw it into some gold and silver

186
00:11:12,679 --> 00:11:16,840
and uh, you know, put a little into a bit bitcoin,

187
00:11:17,000 --> 00:11:20,559
right and before you know it, all of a sudden,

188
00:11:21,320 --> 00:11:24,360
that is a huge amount of money going in there. John.

189
00:11:24,799 --> 00:11:29,559
Just last week, two point two billion went into the

190
00:11:29,559 --> 00:11:34,240
Bitcoin ETFs all right, that's not even owning the actual thing.

191
00:11:34,279 --> 00:11:38,639
It's really synthetic. It's not synthetic, it's derivative, all right.

192
00:11:38,960 --> 00:11:43,080
But the amount of option open interest in the options

193
00:11:43,480 --> 00:11:47,080
is like thirty five billion, and there's no bitcoin trading

194
00:11:47,519 --> 00:11:50,519
like less than seven percent of the total. And just

195
00:11:50,600 --> 00:11:53,919
in the inflow last week, that's thirty four thousand and

196
00:11:54,000 --> 00:11:57,720
thirty five thousand coins that have been now down the

197
00:11:57,799 --> 00:12:00,000
rabbit hole that will never be seen again. And less

198
00:12:00,480 --> 00:12:04,360
there is a massive panic and people start cashing in

199
00:12:05,120 --> 00:12:09,039
their ETFs, and maybe that's what they'll try to trigger.

200
00:12:09,440 --> 00:12:11,840
But right now we're close to one hundred and seventeen

201
00:12:11,919 --> 00:12:15,399
eighteen thousand dollars. I don't want to say exact, but

202
00:12:15,799 --> 00:12:20,080
this has the potential to be wildly disruptive to all

203
00:12:20,120 --> 00:12:23,679
alternative investing. John. Yeah.

204
00:12:23,720 --> 00:12:25,879
Speaker 1: Another way of looking at at that from the precious

205
00:12:25,879 --> 00:12:29,879
metals point of view is that right now gold accounts

206
00:12:29,919 --> 00:12:35,399
for less than one percent of investible capital. So if

207
00:12:36,159 --> 00:12:38,399
four A one K is start saying, okay, I'll throw

208
00:12:38,519 --> 00:12:40,639
five percent in gold or something like that, since it's

209
00:12:40,679 --> 00:12:44,840
the best performing asset of the century, that quintuples the

210
00:12:44,879 --> 00:12:49,440
amount of any average for one K has invested in

211
00:12:49,480 --> 00:12:53,600
gold and silver, So that's you know, those numbers actually

212
00:12:53,759 --> 00:12:56,879
probably can't happen because there would be no gold and

213
00:12:56,919 --> 00:12:59,879
silver left if four one ks tried to go five

214
00:13:00,039 --> 00:13:04,039
recent into precious metals. Soum.

215
00:13:04,120 --> 00:13:05,600
Speaker 3: Yeah, yeah.

216
00:13:05,679 --> 00:13:09,799
Speaker 1: So you know, we're at the we're in the early

217
00:13:09,879 --> 00:13:14,000
stage of what is looking like a spectacular precious metals

218
00:13:14,000 --> 00:13:17,799
market because you got the president demanding zero percent interest rates.

219
00:13:18,440 --> 00:13:22,720
People with four to one k's suddenly being able to

220
00:13:22,720 --> 00:13:25,679
buy gold and silver and cryptos and things like that

221
00:13:25,840 --> 00:13:28,639
at a time when those are the best performing assets,

222
00:13:28,639 --> 00:13:31,159
when everybody's looking at them and looking how much they've

223
00:13:31,159 --> 00:13:35,799
gone up, which we will encourage regular people to buy

224
00:13:35,840 --> 00:13:37,759
more now, whether it's at the peak of the market

225
00:13:37,840 --> 00:13:40,799
or not. You know, that's an awful lot of money

226
00:13:40,840 --> 00:13:42,559
flowing into the stuff that you and I have been

227
00:13:42,600 --> 00:13:46,039
pushing for all these years. So it could be could

228
00:13:46,120 --> 00:13:48,600
be that we turn out to be not only right,

229
00:13:48,679 --> 00:13:53,399
but right in a spectacularly unpredictable way. You know, the

230
00:13:53,480 --> 00:13:56,919
stuff that who would expect the President to be firing

231
00:13:57,039 --> 00:13:59,639
the chairman of the Fed unless he gets zero percent

232
00:13:59,679 --> 00:14:03,120
interest or four one k is to be able to

233
00:14:03,120 --> 00:14:06,039
turn to the hedge funds and buy all these alternative investments.

234
00:14:06,360 --> 00:14:09,600
That wasn't part of the plan, but it's a very

235
00:14:09,639 --> 00:14:14,080
welcome part of the new world for precious metals.

236
00:14:14,399 --> 00:14:17,919
Speaker 3: Joh It's like I was at the Bitcoin twenty twenty

237
00:14:17,960 --> 00:14:20,600
five conference in Vegas. I'm telling you, if you have

238
00:14:20,639 --> 00:14:22,759
a chance to go to one of those, you got

239
00:14:22,759 --> 00:14:26,919
to go because the amount of money there was staggering.

240
00:14:28,320 --> 00:14:32,039
You know, bitcoin whales walking around. Remember Trace Mayor, he

241
00:14:32,240 --> 00:14:36,080
was there. He's a bitcoin whale. Now. He told us

242
00:14:36,080 --> 00:14:39,360
to buy it the ten dollars, but I was waiting

243
00:14:39,399 --> 00:14:41,519
for it to go down to seven so I could

244
00:14:42,120 --> 00:14:44,480
feel like I got a deal, which of course I

245
00:14:44,519 --> 00:14:47,080
never never did, and I never bought it until much

246
00:14:47,159 --> 00:14:51,840
much later. But he told me that nearly half of

247
00:14:51,919 --> 00:14:56,559
the Republican Party's contributions are coming from the crypto sector.

248
00:14:57,679 --> 00:15:04,360
And when you think about that, it all makes complete sense. Now, Trump,

249
00:15:04,879 --> 00:15:09,960
the Trump Coin, the Malania coin, all of their involvement

250
00:15:10,039 --> 00:15:13,320
in crypto. It's it's really impressive, isn't it.

251
00:15:14,799 --> 00:15:17,879
Speaker 1: Yeah, those guys they basically should we just pulled out

252
00:15:17,879 --> 00:15:20,480
the checkbook in the last couple of years and they're

253
00:15:20,600 --> 00:15:26,559
they're buying Washington, DC, and you know, the Obviously, we

254
00:15:26,639 --> 00:15:29,919
don't want our politicians to be owned by special interests.

255
00:15:30,399 --> 00:15:33,320
But if they have to be owned by any particular

256
00:15:33,360 --> 00:15:38,000
special interest, cryptos is not bad because crypto guys are

257
00:15:38,080 --> 00:15:40,279
kind of gold bugs. At the same time. By the

258
00:15:40,279 --> 00:15:43,000
time you understand how cryptos work, you know enough about

259
00:15:43,080 --> 00:15:48,080
money to know the difference between sound money and fiat currency,

260
00:15:48,399 --> 00:15:52,840
and so you respect gold for its role in that differentiation,

261
00:15:53,559 --> 00:15:55,600
and so I think a lot of crypto money. Oh wait,

262
00:15:55,960 --> 00:15:58,360
that's right. We didn't talk about this beforehand. Did you

263
00:15:58,440 --> 00:16:03,720
see therypto company that just bought a big piece of

264
00:16:03,919 --> 00:16:06,240
a gold silver royalty company.

265
00:16:06,840 --> 00:16:11,080
Speaker 3: No, I didn't hear about that happens Hey no.

266
00:16:11,840 --> 00:16:15,720
Speaker 1: It was probably a month ago maybe, But which.

267
00:16:15,519 --> 00:16:19,320
Speaker 3: Is the big oh yeah, yeah, token company?

268
00:16:19,320 --> 00:16:21,799
Speaker 1: What do they call it? I'm sorry, I should really

269
00:16:21,840 --> 00:16:24,559
have that at my fingertips. But the kind sense waves

270
00:16:24,919 --> 00:16:28,600
stable stable coins. Okay, Teather is the big stable coin.

271
00:16:29,200 --> 00:16:33,240
Speaker 3: Yeah, that's what everything gets traded into bitcoin and eventually.

272
00:16:33,639 --> 00:16:37,480
Speaker 1: Yeah yeah, yeah, but in the meantime it's uh, you know,

273
00:16:37,519 --> 00:16:39,559
you buy it. They for instance, Teather has bought a

274
00:16:39,600 --> 00:16:42,159
bunch of gold, put it in a vault, and they've

275
00:16:42,240 --> 00:16:47,720
issued tokens which are, yeah, and so so that's good

276
00:16:47,759 --> 00:16:50,559
for precious metals there. But then Heather also went in

277
00:16:50,639 --> 00:16:54,960
and bought a large, almost controlling steak in an emerging

278
00:16:55,120 --> 00:16:59,200
royalty company. And I had somebody explain the point of

279
00:16:59,200 --> 00:17:01,120
that to me. And one of the points is that

280
00:17:02,120 --> 00:17:05,960
similar business model. You know, these a stable coin company,

281
00:17:05,960 --> 00:17:08,960
for instance, has massive revenue per employee, and so does

282
00:17:09,000 --> 00:17:13,640
a royalty company. And if they're going to start coming

283
00:17:13,680 --> 00:17:18,319
out with gold stable coins, then they want access to

284
00:17:18,440 --> 00:17:22,119
physical gold, and so they're looking into the mining industry

285
00:17:22,160 --> 00:17:26,279
and the royalties and everything, and that's you know, there's

286
00:17:26,519 --> 00:17:30,240
way more money in cryptos that's available to flow into

287
00:17:30,440 --> 00:17:35,799
the flow into the royal royalty companies then is currently

288
00:17:35,839 --> 00:17:39,039
the case. So basically, be another big deal for a

289
00:17:39,079 --> 00:17:44,160
segment of precious metals. If cryptos decide, crypto companies decide

290
00:17:44,160 --> 00:17:48,440
that that's an interesting diversification, then look out US for

291
00:17:49,400 --> 00:17:50,880
the junior royalty companies.

292
00:17:50,960 --> 00:17:54,359
Speaker 3: Oh yeah, man, I'm like, this thing is really going

293
00:17:54,400 --> 00:17:58,640
to explode here. My theory i shared it with you

294
00:17:58,759 --> 00:18:04,440
last time, I think was that basically they're going to

295
00:18:04,559 --> 00:18:10,720
use the strategic Bitcoin reserve to pay off the US debt.

296
00:18:11,440 --> 00:18:16,160
All right, because John can you name another investment that

297
00:18:16,240 --> 00:18:19,799
if you put ten cents into it in two thousand

298
00:18:19,799 --> 00:18:22,880
and ten, it would be worth one hundred and twenty thousand.

299
00:18:22,920 --> 00:18:25,880
Speaker 1: Now, yeah, that's that's a hell of a run.

300
00:18:26,519 --> 00:18:32,119
Speaker 3: And you know, En Milligan one hundred.

301
00:18:33,640 --> 00:18:38,079
Speaker 1: No, no, And you know, the mechanics of paying off

302
00:18:38,119 --> 00:18:41,160
the national debt with bitcoin that might take a whole

303
00:18:41,200 --> 00:18:43,839
show for us here too, because that's that's really interesting,

304
00:18:43,960 --> 00:18:46,160
Like how do you how do you maintain the value

305
00:18:46,200 --> 00:18:48,440
of bitcoin while you're handing it out? You know, stuff

306
00:18:48,440 --> 00:18:53,559
like that. But a strategic bitcoin reserve is an idea

307
00:18:53,599 --> 00:18:55,279
that only Trump could come up with.

308
00:18:56,200 --> 00:19:00,480
Speaker 3: Yeah, well it was really cool financial, right, you got

309
00:19:00,519 --> 00:19:03,880
to make something out of nothing, and that's what bitcoin is.

310
00:19:04,200 --> 00:19:06,880
Speaker 1: That's my issue with bitcoin is I still haven't got

311
00:19:06,920 --> 00:19:09,319
my head around how something that doesn't exist in the

312
00:19:09,359 --> 00:19:13,480
physical world can actually be a real thing. You know,

313
00:19:13,680 --> 00:19:16,799
I'm way more comfortable with physical precious metals than with

314
00:19:17,400 --> 00:19:21,319
computer I node. And that doesn't mean it's not right.

315
00:19:21,359 --> 00:19:24,640
It just it means that I don't get it yet,

316
00:19:24,880 --> 00:19:27,960
you know, So maybe there's nothing to get or maybe

317
00:19:28,079 --> 00:19:33,119
I'm just totally missing the crucial part of the process

318
00:19:33,160 --> 00:19:35,359
that makes that real money. Going forward, but you know

319
00:19:35,839 --> 00:19:40,720
they don't need me. Well, so, like I was totally

320
00:19:40,759 --> 00:19:42,799
with you for a lot of years in this job,

321
00:19:43,000 --> 00:19:48,440
I really was. But now I see that the appetite

322
00:19:48,519 --> 00:19:53,559
for bitcoin, the demand is about to go astronomical. It is,

323
00:19:54,480 --> 00:19:57,680
and there's no bitcoin out there. Seven percent of all

324
00:19:57,720 --> 00:20:02,079
the coins produced are trading, and that number went down

325
00:20:02,200 --> 00:20:05,240
last week after two point two billion went into these

326
00:20:05,279 --> 00:20:08,960
bitcoin ets and another two point two billion went into

327
00:20:09,039 --> 00:20:13,200
like ethereum ETFs ethereum. Though they keep making it bitcoin

328
00:20:13,480 --> 00:20:18,599
twenty one million is max. They had it every four years.

329
00:20:18,880 --> 00:20:21,440
Only four hundred and fifty bitcoins per day are being

330
00:20:21,480 --> 00:20:24,880
produced now, like it's just a piece of code. How

331
00:20:24,880 --> 00:20:27,400
can a piece of code be worth that much? But

332
00:20:28,000 --> 00:20:30,960
the key was is like getting people to believe that

333
00:20:31,039 --> 00:20:35,400
it has worth, Like was gold worth anything? When we

334
00:20:35,480 --> 00:20:39,519
had cavemen, it was worthless because probably you couldn't get

335
00:20:39,559 --> 00:20:41,920
a sharp edge on it, so you couldn't make it

336
00:20:41,960 --> 00:20:46,680
into a weapon. And the cave woman wasn't really concerned

337
00:20:46,720 --> 00:20:51,960
about having a Rolex watch, you know, a Rolex president.

338
00:20:52,920 --> 00:20:56,599
Speaker 3: It had no value, but over time it became valuable.

339
00:20:57,319 --> 00:21:01,440
And I think the process here in crypto is exactly

340
00:21:01,480 --> 00:21:05,359
the same John. It wasn't worth anything initially when nobody

341
00:21:05,400 --> 00:21:09,519
wanted it, but now that people want it, it's got value.

342
00:21:09,559 --> 00:21:12,519
And the US government is probably sitting on the largest

343
00:21:12,759 --> 00:21:17,720
cachet of a bitcoin in the world, hundreds of thousands

344
00:21:17,720 --> 00:21:21,920
of coins. So a couple other things. New York is

345
00:21:21,920 --> 00:21:26,359
in the process of a communist takeover as well as Minneapolis.

346
00:21:26,880 --> 00:21:29,599
Are they going to let it happen? Are the Democrats

347
00:21:30,000 --> 00:21:33,119
that delusional that they think this is good for their party?

348
00:21:33,400 --> 00:21:36,160
Speaker 1: Well, now, you know, it's really important to put this

349
00:21:36,200 --> 00:21:38,640
in context. But yeah, there's some very left wing guys

350
00:21:38,640 --> 00:21:41,920
are winning some elections, but they're running at least Mondami

351
00:21:42,000 --> 00:21:47,680
in New York ran basically a populous campaign where his

352
00:21:47,799 --> 00:21:52,400
thing was affordability, you know, and populism. Obviously that's what

353
00:21:52,440 --> 00:21:52,920
Trump did.

354
00:21:52,960 --> 00:21:53,160
Speaker 3: You know.

355
00:21:53,640 --> 00:21:56,160
Speaker 1: Trump ran on a platform of, Hey, you're being screwed

356
00:21:56,200 --> 00:21:58,079
over by a handful of British people. I'll get it

357
00:21:58,119 --> 00:21:59,960
back for you. Put me in office. I will get

358
00:22:00,079 --> 00:22:02,000
what was stolen from you and give it back to you.

359
00:22:02,880 --> 00:22:04,799
The guy in New York did the same thing. You know,

360
00:22:07,000 --> 00:22:10,319
People who who don't have your best interest at heart

361
00:22:10,440 --> 00:22:13,480
are running up rents and they're making food more expensive

362
00:22:13,559 --> 00:22:17,599
than medicare or healthcare and everything, all the rights of

363
00:22:17,640 --> 00:22:21,880
all those things for you. And so that's left wing populism.

364
00:22:21,920 --> 00:22:27,000
That's Bernie Sanders populism. Donald Trump's right wing populism is

365
00:22:27,079 --> 00:22:29,400
I will get the factories back here, so you get

366
00:22:29,440 --> 00:22:33,119
middle class money working on an assembly line or something

367
00:22:33,200 --> 00:22:36,799
like that. But they both target the same people, the

368
00:22:36,839 --> 00:22:39,920
people who feel like they've been screwed over by the establishment.

369
00:22:40,559 --> 00:22:42,319
Speaker 3: Yeah, as how they have.

370
00:22:42,400 --> 00:22:45,519
Speaker 1: This screwed over and yeah, yeah, well yeah, see that

371
00:22:45,839 --> 00:22:47,480
it has the advantage of being true.

372
00:22:49,119 --> 00:22:52,359
Speaker 3: Does that always helps? See? No?

373
00:22:52,640 --> 00:22:55,519
Speaker 1: I think the difference is though that the left wing

374
00:22:55,799 --> 00:23:01,359
policy set fails miserably, and the right wing policy set,

375
00:23:01,359 --> 00:23:06,279
which is reindustrialization and closed borders, has a chance of

376
00:23:06,319 --> 00:23:11,319
being successful. So and you see that in states, right,

377
00:23:11,400 --> 00:23:13,799
all the states that are run according to left wing

378
00:23:13,839 --> 00:23:18,440
populism are hellholes. And the states that run more or

379
00:23:18,519 --> 00:23:22,720
less from the right in kind of a populous way,

380
00:23:22,759 --> 00:23:24,920
that's where everybody's moving. We're all going to Texas and

381
00:23:24,960 --> 00:23:30,480
Florida because it's run according to right wing more or

382
00:23:30,599 --> 00:23:34,799
less populist ideals. So you know, the thing in New

383
00:23:34,880 --> 00:23:37,240
York will play itself out. I mean if if Mondami

384
00:23:37,279 --> 00:23:41,279
gets elected and he actually tries to take a billion

385
00:23:41,319 --> 00:23:44,559
dollars away from the local rich people and spend it

386
00:23:44,920 --> 00:23:49,519
on you know, state run grocery stores and stuff like that,

387
00:23:49,519 --> 00:23:54,000
that'll fail just because it always fails for obvious reasons.

388
00:23:54,079 --> 00:23:57,359
So you chase away all the capital and there's nothing

389
00:23:57,480 --> 00:24:02,079
left to redistribute. And so we'll see. I got to

390
00:24:02,079 --> 00:24:04,400
see though, Mdammie is he's a smooth guy.

391
00:24:04,720 --> 00:24:08,039
Speaker 3: You know, he's nic oil salesman.

392
00:24:07,799 --> 00:24:10,960
Speaker 1: Way Obama like you know he I mean because you know,

393
00:24:11,000 --> 00:24:14,039
you criticize him and he comes back instead of with

394
00:24:14,279 --> 00:24:18,359
hateful rhetoric or you know, picking a fight, he calmly

395
00:24:18,519 --> 00:24:24,440
explains why why you're wrong and why his way is better,

396
00:24:24,880 --> 00:24:27,440
and he does it very well, in complete paragraphs and everything.

397
00:24:27,480 --> 00:24:33,160
So he's a politically very talented guy. And that that

398
00:24:33,319 --> 00:24:35,759
won't save him if he gets into office and actually

399
00:24:35,759 --> 00:24:37,240
does all the stuff he says he's going to do.

400
00:24:37,359 --> 00:24:39,599
But you know, at least it's fun to watch somebody

401
00:24:39,640 --> 00:24:42,200
that that is that articulate and Matt smooth.

402
00:24:44,079 --> 00:24:48,079
Speaker 3: Yeah, well, if he gets rid of AOC knocks her

403
00:24:48,119 --> 00:24:52,000
off the TV, I'll be happy if you'll accomplished a lot, right,

404
00:24:52,039 --> 00:24:56,720
then and there. But it is alarming that people don't

405
00:24:56,799 --> 00:24:59,400
understand that the reason they're in the situation they're in

406
00:24:59,839 --> 00:25:04,039
is because these policies were already tried and failed, and

407
00:25:04,079 --> 00:25:06,359
that's what dug the hole. But I guess we've gone

408
00:25:06,400 --> 00:25:09,000
on long enough, John, But we'll have to do this

409
00:25:09,039 --> 00:25:13,759
again sooner. In any event, go to a rabino dot

410
00:25:13,839 --> 00:25:19,079
substack dot com and sign up for John's substack. Best

411
00:25:19,119 --> 00:25:22,720
writing on the Web, I will say that, And of

412
00:25:22,759 --> 00:25:26,240
course go to our site, Financial Survival Network dot com.

413
00:25:26,319 --> 00:25:28,839
Make sure you sign up for your free newsletter. John.

414
00:25:28,920 --> 00:25:30,759
We'll talk to you in a couple of weeks. Thanks,

415
00:25:30,799 --> 00:25:31,680
carry talk soon.

416
00:25:31,920 --> 00:25:36,079
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

417
00:25:36,160 --> 00:25:40,000
solution to today's trying times. For the latest, go to

418
00:25:40,160 --> 00:25:46,440
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,