Speaker 1: You know that the Fiat currency system is nothing but
a big Ponzi scheme anyways, and that's their excuse and
how they are able to create new money. And I
think people have finally realized that you do need to
have some protection against inflation. I mean, we've got a
FED raid coming again, and what do you think that's
going to do on inflation?
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network.
Speaker 4: I'm your host, Carrie Lutz.
Speaker 3: Our good friend is back with us, Todd Bubba Horowitz. Todd,
it's great to have you back on the show. We're
talking pre call layoffs, huge layoffs, Amazon ups. Those are
like the stallwarts of the new economy, the digital economy,
and now it looks like they're unraveling here.
Speaker 4: Hey, Carry, it's.
Speaker 1: Great to be back, and they are unraveling. But again
where they're being replaced. You know, if you go back
for the original Industrial Revolution, there was plenty of jobs
for everybody because anybody could work on the line and
anybid could do things. Well. Now with the new world
of AI, those jobs are totally replaced and not anybody
can walk in and replace those jobs. You know, I
couldn't get a job today if I had go and
get a job. Thank god I'm old, and thank god
I'm self employed, but there isn't a job for me
because I don't understand the AI world. I don't understand
the technology world. And you know, it's going to be
very it's gonna be a real challenge because where are
people going to make money from. You can only get
so many you can only hire so many people at
Walmart or McDonald's or places like that. And that's part
of the destruction of this country that we're watching, all
thanks to our wonderful federal government.
Speaker 3: Hey, well, they used to call it create to destruction.
I think they're going to have to find another name
for it now.
Speaker 1: I tell you it's it's it's it's a horrible situation
that we're being put into.
Speaker 4: Uh.
Speaker 1: And of course that's the typical landing of a K
shaped economy. The upper twenty percent or so are doing well.
The balance is not doing well. And if you write
the letter K, that's what it looks like, and it's
it's it's not healthy and it's not going to be
good for business. Yes, the markets are still soaring higher,
but again, if you look at the volumes, look at
what's going on, it's not real healthy.
Speaker 4: That's that's for certain here.
Speaker 3: And yeah, so, so all these trade deals and everything
else aren't really going to annount too much, are they? No?
Speaker 1: I don't think so. I mean, I think President Trump
has the right idea. But unfortunately, you know, we've become
lazy in America and people don't really want to work. Okay,
they're looking forward to that universal basic income check a lot.
Forty two million Americans are looking for that snap card,
you know, for for their food stamps. You know, it's
amazing how you always hear about Social Security runing out
of money, which is funded by the tax payer, but
you never hear about welfare or the programs running out
of money. It's kind of an interesting situation.
Speaker 4: Yeah.
Speaker 3: Well, and another interesting situation about that's not money. Is
that a large percentage of the people receiving it aren't
even citizens of the United States.
Speaker 1: You you hit the bullseye. The the the foreigners, the immigrants,
the illegal immigrants have figured out how to gain the system,
and they know more about their benefit programs than the
people who wrote the programs, and they know how to
get those benefits. And and unfortunately, I've seen and witnessed
many of them getting them benefits that are that are
not citizens of this country, which again tells you how
backwards a lot of our programs are, and how much
our government and and and the Senate and Congress really
don't care because all they care about is getting their
take out of the deal, not about really taking care
of the money that we have to pay for. Because
government doesn't create money.
Speaker 3: They create debt, and they're very proficient at it too nobody,
you know, they create debt faster than a spouse heading
for the divorce court.
Speaker 1: You know, hey, listen, if you and I lived like
the federal government, we'd be in bankruptcy quarter or jail or.
Speaker 3: Both, which happens. Yeah, so we you and I, we
we go back aways. We've been talking about precious metals.
When the sheen was off of silver when it was
looking very oxidized and the yellow and gold was a
little too yellow for people, and all of a sudden
over the past year Todd and especially for silver over
the past three four months, everything's changed.
Speaker 1: Well. I think it's first of all, you do have
central banks throughound the world by buying gold, and I think, look,
you know that the Fiat currency system is nothing but
a big Ponzi scheme anyway, and that's their excuse and
how they are able to create new money. And I
think people have finally realize that you do need to
have some protection against inflation. I mean, we've got a
FED raid coming again, and what do you think that's
going to do with inflation? You need an asset that
is going to keep up with the pace of inflation,
and that is gold or silver or even platinum. They've
had some very nice moves here, a little bit of
a pull back recently, but I see no reason that
they're not going to continue to go higher because I
think you watch these major economies and these major Fiat
currencies collapsing, and again this is the problem when you
overcreate debt and you have no backing on what your
currency is and of course you also don't have the
banks in line, because I continue to say that the
banks are in trouble, okay, and I continue to say
that they're over leveraged. But of course we never get
a fair and square report when they do those stress tests.
But at the end of the day, I think metals
have a much bigger one coming. I think this continues,
and I think inflation can you just a rise, which
will also help push the prices gold and silver much
higher as well.
Speaker 3: Boot how high the gold and silver go, well.
Speaker 1: I mean I would expect that slow might put it
break it down into a smaller period of town. I
would think that silver this year will probably closed plus
fifty and over fifty. It's below it got to fifty
three or fifty four. I would think gold will close
somewhere around it ties forty four to forty five hundred.
But I think next year, I think there's a good
chance that gold sees fifty five hundred and six thousand.
I think that silver seas sixty or north of that. Again,
I think that this metal rally is just beginning, and
normally the first leg of the bull market or the
big rally, is very sharp and very hard, which we've watched.
You've got gold up about sixty percent or seventy percent.
You get silver up about seventy five percent, and platinum
up seventy five percent. So these first legs, I think
you'll see a little consolidation, which I think we're seeing
right now, and then I think then I think there's
another push and then don't forget that if the equity
markets start to break down. I mean, the equities have
been running on no volume. But when they start to
break down, and they will at some point, they'll be
a solve that new money's going to want to go somewhere,
and that money, I think we'll go into the end
of the precious metals into the crypto space.
Speaker 4: Yeah.
Speaker 3: You know, the so called experts they were saying like
thirty five dollars silver by the end of twenty twenty
five and three thousand dollars gold, and the so called
experts have been proven wrong yet again.
Speaker 1: Well, the experts are not really experts. There are people
that are being designated as experts, but they're basically ignorant. Yes,
they're highly educated and smart people, but they don't understand
how a free market economy works. One of the problems
that's happened in this country, and you and I are
probably on the same age. We've gotten farther and farther
away from a true free market thanks to the Federal Reserve,
thanks to Alan Greenspan, who started all this CREP back
in nineteen eighty, we don't have a true free market.
The Federal Reserve is so far off mandate that they
have no idea what they're doing. They didn't even follow
their own months. Okay, they don't let the free market
trade because there should be no reason for a rate cut,
and everybody knows that we should have a rate cut
because it's gonna spike inflation, and inflation is much higher
than they report. So again, you look at the average American.
How does the average American live and eat and feed
a family? You go to McDonald's. That cost you for
a family afore a cousha thirty five dollars a go
to McDonald's. Now, okay, so how does an average family live?
Speaker 3: It's it's insane. And yeah, you look at the Federal Reserve.
Their original purpose was to keep prices stable.
Speaker 1: That was that was a cartel move though that was
a crack they got. They pulled one over on on Wilson.
Speaker 3: Yeah, and then the next thing was keep employment stable.
And now their third leg of that wobbly stool is
never let the stock market go down, right.
Speaker 1: That's that has been the new thing since BERNANKI and
since since eight You know, again, this is where I
go back to the free market. You and I both
know that businesses come, businesses go, they go out of business,
somebody else comes to replace them. They've taken that part
of the equation out. They've allowed to get these companies
to get so big. And it does have nothing wrong
with the free market when you let it to work
honestly and freely. We should have big companies. And again
I have no doubt that people should make as much
money as they can. And all this stuff about taxing
the richinals of other stuff is a croc. But they've
truly destroyed the entrepreneurial spirit. The small business has been
hammered and hampered by this because they don't get the
same benefits as big business. And I think the Federal
Reserve is responsible for that and making that happen. Just
what their too big to fail statement and what they've
done and how they operate, because they are really nothing
more than the cartel. And if you go back to
the originators, you know, the Rochel family, Paul Warburg, JP Morgan,
and the Rocketfellers. Do you think any of those four
have the average Americans best interested hurt?
Speaker 4: I doubt it, No, I think enough.
Speaker 3: I think they're in it for themselves and they always
have been. And I don't know if they take pleasure
in what they're doing, but they certainly don't care about
you or I or.
Speaker 4: Anybody else, No, sir. And and uh, you know.
Speaker 3: They're they're really their appetite is beyond all reason. You know,
like when is enough enough? I know about growth, and
you got to have things growing or they die. But
theirs is just outright carnivorous.
Speaker 4: Their appetite.
Speaker 1: They want everything they want. Basically, they would love and
this is what the agenda of socialism in this country. Okay,
they would love to have socialism. Listen, if you're among
the upper five percent, with the upper ten percent, you
want socialism because nobody can ever catch up to you,
and all you do is benefit from it. It's it's
a bad deal, it's a bad program, and it's beyond
me how we continue to let it go this long.
Ron Paul was right, what is it thirty years ago?
He said, end the fed Okay, I mean that is
there is no need for a federal reserve, and that's
being proven out in the crypto space right now for sure.
Speaker 3: Hey, so what about crypto where do you think it's heading.
Speaker 1: That's hard to say. I mean, it's it's very valuable,
but I think I assume it will continue to go higher.
I you know, we're training it. What one hundred and
eleven thousand now, I mean, it certainly wouldn't surprising if
we close the year. I knew highs at one hundred
and thirty or so. You know, I can't make one
of those ridiculous projections that we're going to five hundred
or a million. Again, I look at it a piece
by piece. I think one hundred and thirty would be
very realistic. I think one of the best plays is
still in the ether and space or Solana, and again,
I think those are are great places. I'm not telling
you to take all your money and put there. I
think that you should have some exposure and certainly in
the in the crypto world, there's enough ATFS now that
if you don't want to get involved in the crypto self.
There's a lot of stocks that you can play the
crypto market with, and I think that you should have
some exposure to it because I think we're in the
very infancy of the crypto space, and I think it
has a weed out the criminals that you know, Listen,
we know that anytime there's money around, people you know,
try to take advantage of it. But if we weed
out all the crap coins and get into some real
business and you start to see more and more establishments
accepting bitcoin or etherum or others, I think that it
only grows fromers. So I think we're in the very infancy,
and I think there's a lot of potential upside, very
similar to gold, and I think it is like a
stored asset. And again, the beautiful thing about the crypto
space is it's a free market system traits twenty four
hours a day, seven days a week. Nobody gets in
the middle of it.
Speaker 4: Yeah, yeah, agreed.
Speaker 3: And although they're definitely trying to get their hooks into
it now, they've created the whole synthetic bitcoin space where
they're trying to manipulate the price of bitcoin using futures
and options and all their little games probably spoofing going
on in there as well, but it's much harder to
do it. And I think there's a connection between bitcoin
and silver as far as the synthetic markets go in
trying to control those prices.
Speaker 1: I could see that. I mean, there's always been the
talk of silver, and of course one thing about a market,
though there has to be two sides of the market
to make an actual trade. But I could I could
certainly see the attempts to do that. You know, certainly
they've they've they kept the lid on silver for a
long time as the player's a cuma. That's one of
the problems with paper assets, you know, if you look
at like paper gold, I don't think there's enough gold
in the role to cover the amount of paper that's
written on. So uh, that's why I think it's very
important that anybody who invests in this should at least
buy some physical because I think that's where you're gonna
need it and you're gonna get paid.
Speaker 3: All right, Well, Todd, just tell us where we find you,
how we connect with you on the web and your
website and all that good stuff.
Speaker 1: Are you going to reach me at bubbatrading dot com
and You can also email me direct at Bubba bubbatrade
dot com. And for your audience, give you don't mind, Carrie,
I've written two books on auto trade options. Sure I
have PDF files. I'll be happy to give them to
anybody in your opins All if there is, email me
if they'd like to have a copy of the books.
Speaker 3: All right, Well, the links in the show notes to
this interview on Financial Survival Network dot com and I
suggest you all write Todd get those pdf They will
be very helpful. And we've got a question or comment.
Shoot me an email kl at Carrie Lets dot com.
Todd always a pleasure.
Speaker 1: Be well, Thanks, Kerry, I appreciate it.
Speaker 4: Have a great one.
Speaker 2: Thanks for listening to Carrie Lets'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
Speaker 4: Clus