Speaker 1: You know, there's no way to pay off the debt.
They're going to have to inflate it away. They're gonna
have to print a whole bunch of new dollars in
order to service those payments in nominal terms, but in
real terms, obviously, they inflate the real value away. And
that's beneficial for any real asset, anything else that can't
be created out of thin air, and that of course
includes gold, silver and bitcoin.
Speaker 2: You're listening to Carrie Lutz's Financial Survival Network, where you
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Speaker 3: And welcome.
Speaker 4: This is Financial Survival Network. You are listening to your host,
Carrie Lutz, and with us is our good friend Allan
Hibbard and Alan of course you find him at Goldsilver
dot com on the YouTube.
Speaker 3: Channel all of that. Alan. Great to have you back.
Speaker 4: So we've had some major gyrations here in the market
over the past.
Speaker 3: Past month. Here.
Speaker 4: Luckily, I've been traveling, so I've I've paid a little
bit of cursory attention to it, but I haven't gotten
too deep into the weeds. Why don't you tell tell
us out there.
Speaker 3: What has been going on and what you see happening.
Speaker 1: Yeah, well, thanks carry good to be back. Thanks for
having me, and I hope you enjoyed your vacation. I
think that's sort of the way you want to live, right,
You want to live first, and then all your financing
and involvement with the markets should support living. So that's
kind of what I like to do, even when I'm
not on vacation, and when possible, I like to zoom
out from the markets, not get caught up too much
in the day to day. So as I look at
what's been happening over the last few months and even years,
I'm thinking that so much of the activity we're seeing
and so much of the volatility in the markets is
because of a lot of movement towards a new monetary system.
So this is something that Donald Trump has hinted at,
and this is something that his Treasury Secretary Scott Bessant
has hinted at pretty strongly. And they both have said
that they like gold. They're gold bugs and I think
all this tariff shenanigans. I think it's kind of an
agitate then alleviate situation. I think Trump wants to get
everyone in one room and hash out a new monetary system,
not just trade deals. I think it goes a lot
deeper than that. So I think all that we've been
seeing in the markets is all centered around a new
monetary system and the uncertainty from a lot of big
players around it.
Speaker 4: All right, I'm going to run by a pet theory.
I've written three articles about it. If they're on Financial
Survival Network dot com if anyone wants to look. So,
here's what I think he's up to. The strategic cryptocurrency.
All right, Now, one investor to another, alan, what has
been the best performing asset class.
Speaker 3: Of all time? Well? Bitcoin? Right?
Speaker 4: So Bitcoin went from almost a penny to one hundred
five thousand, pulled back, but now it's going back up.
Is it a stretch to think that bitcoin can go
up one thousand? Uh, you know, basically a thousand times
what it is now. It could be trading in the
millions very quickly. Yeah.
Speaker 1: I don't know if it can do a thousand x
from where it is, like measured in today's dollars, but
it certainly could do one hundred x and not like
in a day. I mean, it would take a few
years to get there. But if you think of it
on one hundred CKX, yes.
Speaker 3: Life steak yet x. But if there was an event
that shook the markets, it could go up even faster.
Speaker 1: Right, absolutely, I totally agree. And you know, the market
cap is a right in the matter order of magnitude
of like single digit trillions of bitcoin. It easily could
be in the hundreds of trillions of dollars. That's not
a stretch. So that would be a factor of one
hundred acts. That's tours of magnitude. Very plausible.
Speaker 4: All right, So let's go over this, because there is
no way to pay off the debt unless you can
find an asset that you got for next to nothing
because you confiscated it, probably illegally from hapless holders like
Sam Bankman Freed and Ross Aubrick and numerous other money
wanderers and scammers who thought that their bitcoin was was
unconfiscatable but found out other otherwise. And if you were
buying up and accumulating bitcoin in the background, waiting for
this day, and then bitcoin shoots up and you say
you got a chance.
Speaker 3: You got a choice here, guys.
Speaker 4: You can take your bond re payment in bitcoin, or
you'll hold on to it and you won't get any interest.
Speaker 3: Yeah.
Speaker 1: I think that's exactly the boat that we're in. You know,
there's no way to pay off the debt. They're going
to have to inflate it away. They're gonna have to
print a whole bunch of new dollars in order to
service those payments in nominal terms, but in real terms, obviously,
they inflate the real value away, and that's beneficial for
any real asset, anything else that can't be created out
of thin air, and that of course includes gold, silver,
and bitcoin. So yeah, that is one of the things
that could cause them to go up a lot.
Speaker 4: In price, and they don't have to print any money
to do it. Alan and assume that they're holding a
million bit coins, right, I don't think that's a stretch
to think that they're doing it. Because we don't have
the ability to know how much they're holding. We can
make guesses three fifty to five hundred thousand, but I
think it's closer to a million. So you get that
thing up, you know, what's a million worth right now,
it's a I can't even count that high. But if
you get it up another one hundred times, you know,
you pay off the debt or a chunk of it,
and then you say, oh, you know, we got all
these other bitcoins left, let's put them into social security,
recapitalize it with bitcoin, and then privatize it.
Speaker 1: Yeah, they might be doing that absolutely, but again, if
you're on the receiving end of that, you're you're not
going to get You're not going to get anything of value, right,
So you know, that's why it makes sense that if
you're if you're a regular citizen, or if you're going
to be a Social Security recipient or write a pension
fund recipient, whatever, that's why it makes sense to just
go after those hard assets yourself, like just acquire them
now and then you don't have to worry about what
kind of shenanigan's.
Speaker 4: Gone exactly, and then you know, hey, everybody's happy.
Speaker 3: They didn't have to do it.
Speaker 4: Basically found an infinite gold, mind right. They took that
gold and just said, all you people that owe us money,
all you entities, were giving you this gold.
Speaker 3: It's digital gold. But it's just as good. It's accepted worldwide.
Speaker 4: Right, And you know, this is the kind of thing
that it's the only choice they have if you think
about it, Alan, right, I mean, they don't really there
is nothing else they can do, is there.
Speaker 1: Well, so so that first piece, you're basically saying, confiscate
bitcoin and other digital assets from money launderers and criminals
and so forth.
Speaker 4: I wind fall profits taxes on on taxpayers like you,
and I.
Speaker 1: Yes, absolutely they could do win fall profits tax and
I think you'd get a lot of people that dodge
those taxes.
Speaker 4: Honestly, I thought that's okay because there'll be a lot
that don't and it's not really going to matter, you.
Speaker 3: Know, yeah.
Speaker 1: I mean, and another thing is just currency creation, right,
so the fund to fund deth suspending and to inflate
away the real value of the debt. So it's it's
kind of a combination of choices. But but there's no choice.
They have to do some combination of all that. So
it all it all points in the same direction. Get
a hold of the hard assets that no one can
control and and then just live your life.
Speaker 4: Yeah, but you know that they'll try something sneaky like this, right, yes, absolutely,
that's what governments do. So and they have choice. Well
choice is default just default? Great, you know basically express default,
inflation is implied or inferred default. Or find an asset
that's that's rarer and worth more than gold and revalue
all of your debts and that because you've confiscated and
grabbed it and you'll win fall profits tox it, right,
and and that's how you do it.
Speaker 1: Yeah, absolutely, absolutely, So we kind of we kind of
know what set of choices they have, and all of
them lead in the same direction.
Speaker 4: Yeah, well, it's just another form of default, but it's
a it's a classier form of default, shall we say, right, Yeah, I.
Speaker 1: Guess that's sort of it's a pick your poison situation.
Speaker 3: Yeah, I love it.
Speaker 4: It's like, you know, this is why you need to
be a free thinker, a critical thinker. Well, you can't
buy into the narrative because the narrative is out there
to control you. It's out there to make you not think. So, Alan,
here's a simple question for you. How did you wake up?
Speaker 3: How did I wake up to what they're trying to
do to the system?
Speaker 1: All right, I think when I started studying the Federal Reserve.
And when I watched Hidden Secrets of Money by Mike
Maloney and that that sort of woke me up.
Speaker 3: That was a great one. Yeah, that will live in history.
Matt times like that.
Speaker 4: I wish I had a better stage presence and they
could do something like it. But but Mike like knocked
it up out of the park. I think I interviewed
him right around the time he did it, too, So
so you need a little help, in other words, to
get out of the mindset that the almighty dollar is
going to be with us, like the Marine Corps, you
know from Full Metal Jacket and the drill sergeant said,
men will live and die, but the Marine Corps is forever.
Ment'll live and die, But the dollar is forever.
Speaker 3: But it's not.
Speaker 1: Yeah, we act like it is, but it's not. Every
few currency goes to zero. There have been one hundred
that they probably even thousands throughout history that have gone
to zero. And the only ones that haven't are the
ones we currently have. But you know, it's only a
matter of time. So yeah, I totally agree with you.
How did you wake up, by the way, how did
you wake up to the scam of the dollar?
Speaker 4: I was born awake to some extent based on who
my father was. But I watched Milton Friedman's and Rose
Friedman's documentary or special on PBS Believe It or Not,
which basically attacked everything that PBS holds near and dear
called Free to Choose because at that time they were
free to choose whatever they wanted to play. And he wasn't.
He was a monitorist, but he was one of the
smartest guys in the world. And well he didn't maybe
embrace gold and getting rid of Fiat currencies, and he
played the game for the system because he invented withholding
tax and some other kind of devious tools that were
used in World War two to finance the war. But
in any event, it got me thinking, like because it
opens up. He's in Hong Kong before the Chinese took
it over, and it's like, hey, this little piece of
land here, little rock, has no resources whatsoever other than
its people. But unlike in England, they actually led it
to exist as a free market haven and it became
one of the wealthiest places on Earth till you know,
the Chinese decided to destroy it recently. So that's what
set me down the path and then I looked for
I found the Austrians, you know, von Mesis, I read
Human Action, Percy Greeves, Murray rough Board, and Hayek. And
I always knew the system was going to go bust,
but during the eighties and nineties it looked like it
was doing okay. And not until we hit the GFC
that I realize the jig is up.
Speaker 1: Yeah, and of course during the eighties and nineties, that's
when the price of goals was tanking, drop seventy percent
in those two decades.
Speaker 3: So yeah, so what do you think.
Speaker 1: Do you think we're going to get a new monetary system?
Do you think Trump and Gang are going to work
something out?
Speaker 4: Yeah, well that's what this is all about. Subduing China,
reconnecting with Russia, all right, bringing them back into swift
and bringing them back into the economic system. And I
think that's going to happen. It's probably going to require
our coup in Ukraine. But hey, you know that's what
the deep state does best, is coups, right, So we're
going to get a coup in Ukraine shortly, because as
long as Lenski's there, nothing's going to happen here, you
know it seems obvious. So we're going to get a coup,
We're going to get a peace deal in Russia, and
we're going to split it from China because they don't
really like China. China just wants to call in a Siberia.
That's their dream because Russia is a land without people
and China is a people without land, and they're on
the border of Siberia and they've been trying to collinize
it for years and now Russia is so in the
hole to them that they need an out, because you know,
that's what stopped them from even trying to take over
all of Ukraine. They could have done it, I believe,
but it's kind of they're in a box. They do that,
they'll never have approachment with the West and then they'll
be pushed further into China's pocket. And these are smart
people here. I think Putin's a stone cold killer, but
he's a smart killer. And g is on his way
out and Trump is digging his grave as we speak.
Plus I don't want to get into all this because
it's getting attracting, but just look up tofud drag in
China on Google or whatever you're using AI, and you
will find out the truth about China anyway.
Speaker 3: So get back to gold here, how you think it
can go.
Speaker 1: Well, measured in dollars, it depends how many dollars they create,
So so you know this, this guy's the limit. I
think I think it easily could go to ten thousand,
you know, a merror tripling from where it's at. That
seems pretty reasonable. And if we sort of take the
dollar out of the equation, cut out the middleman because
it's a fictitious unit, and measure gold against real stuff.
If you look at the Dow gold ratio, absolutely there's
there's a long way to go until we revert to
the mean. And usually when we revert to the mean,
we continue past it and then spring back in the
other directions. So another doubling or tripling in the price
of gold relative to the DOO or just relative to
stocks in general is a gimme, right, that seems obvious
to me. Over what time period I don't know, but
you know, next few years sort of depends on world events.
But yeah, it's gold is extremely undervalue compared to stocks
right now, even despite the big moves we've seen lately.
So it's very exciting. Yeah, exciting and you know, so
you play it with mining stocks, you play it with
buying gold, all of the above. For me, I start
with physical, and I want even more physical than I
currently have. So I haven't gotten into mining stocks yet,
but I could see obviously how that would be attractive.
And they've been so beaten down lately that they're they're
practically free to get a hold of, so I could,
I could see how miners would be attractive. I'm still
leaning towards more physical at this point, but make it
into miners.
Speaker 3: In the future. Yeah, I'm with you, man, I definitely
see it.
Speaker 4: But I think this year there's a cap because there's
all these other things happening. I think maybe we get
forty five hundred by the end of the year. I
think that's pretty reasonable and respectable. You shouldn't expect any
more than that. And hey, even if you even if
you don't get to it, it doesn't really matter, right, Yeah.
Speaker 3: I agree with you.
Speaker 1: And you know, keep in mind, Goal has already done
twenty percent in the first third of the year, so
if it does twenty percent two more times before the
year is up, that's adding another seven hundred bucks to
the price. Almost twice, so adding another fourteen hundred puts
us just shy of five thousand. But like you said,
even if it doesn't get there, you know by December
thirty first, who cares. It doesn't really matter. You know,
the future is sort of written. It's just a question
of how fast do we get to the future.
Speaker 4: You know, this reminds me when I started getting into
this space, Allen, I read a quote from somebody, and
I love quotes, but I don't remember it verbatim, but
it said that things take a lot longer to occur,
and you ever thought, ever thought was going to happen,
but when they happen, they happened much faster than you
ever believed possible.
Speaker 1: Yeah, and I know that quote you're talking about. I
can't I can't tighten it up, but I know the
one you're talking about, yes, exactly.
Speaker 3: And that that is the the absolute truth here, right.
Speaker 1: Yes, Yes, it's a close cousin of gradually then suddenly.
Speaker 3: Yeah, yeah, how did you go broke? Was that? Was
that Hemingway emingway? Right?
Speaker 1: How did you go broke? Two ways? Gradually then suddenly suddenly?
Speaker 3: Yeah?
Speaker 4: Slowly and quickly exactly in difference. Yeah, Well, I think
we will leave it at that, just to tell us
where we find you, how do we connect with you
on the web, and how can we find out more
about getting gold and getting our assets in order?
Speaker 1: Yeah, so if you want to connect with me personally,
probably Twitter or acts is the best way to do it.
My handle is my full name, Alan Hibbard. And for
everything goldensilver related, go to goldsilver dot com. That's that's
our website, that's our YouTube channel. You can find so
much free educational content, and of course you can buy
you can buy gold and silver.
Speaker 3: Hey, you know, it might's done such a service with
that site.
Speaker 4: So many people have woken up to what's really happening,
you know, but but nothing goes in a straight line,
so they might have figured it out and then they said, oh,
everything's fine, Gold's going down, and then all of a sudden,
gold's going up. Besides bitcoin. Gold's been the best performing
asset over how long has it been, Oh, certainly ten years,
but certainly it's best five right, Yeah.
Speaker 1: You could probably even go back twenty five years, roughly
the year two thousand, you know, the dot com crash
after that, you know, the next twenty four to twenty
five years Gold has outperformed everything.
Speaker 3: Yeah, yeah, all right, Hey, it's been great having you on.
Speaker 4: If you've got a question for Alan myself back from vacation,
I'm rechorged. Just shoot me an email kl at Kerrie
lets dot com. Link to Alan's site is in the
show notes to this interview on Financial Survival.
Speaker 3: Network dot com. Uh, just go there.
Speaker 4: When you do, we just ask that you sign up
for your free newsletter which will give you a lot
of this information unfiltered, unfettered, uncensored. And if you got
questions about this and just shoot the email, we'll be
there for you.
Speaker 3: Alan. Great to see you, talk to you soon.
Speaker 2: Thanks Garry, thanks for listening to Carrie Letz's Financial Survival Network,
your solution to today's trying times. For the latest, go
to Financial Survivalnetwork dot com. Financial Survival Network now more
than ever,