Speaker 1: All right, guys, we are jumping into another episode fresh
Speaker 1: off the XRP Las Vegas event. You guys got a
Speaker 1: chance to see everything. But joining me now of course
Speaker 1: is Verson and Van Dell coming in from Black Swan Capitalists.
Speaker 2: How are you guys doing great? Good to see Paul guys.
Speaker 1: Yeah, I wish I know you couldn't make it in Vegas,
Speaker 1: but we would have had a good time there because
Speaker 1: there was a lot of people at the event that
Speaker 1: we had a chance to see all year round, you know,
Speaker 1: obviously within the show, but in general. It was a
Speaker 1: good time to catch up with everybody. But a good deal.
Speaker 1: You guys are busy though, you've got a lot going on.
Speaker 2: Well, just like you, but you were able to make
Speaker 2: it over there. I'm glad you had a good time,
Speaker 2: you know. I saw all the videos online. Yeah, it
Speaker 2: was very exciting.
Speaker 1: It's pretty deep, I think in general, when you look
Speaker 1: at the market where it was at the time versus
Speaker 1: what we've seen in past years. Typically up markets usually
Speaker 1: means up events. They had quite a few people attending
Speaker 1: even though we had a down market. So interesting stuff.
Speaker 1: I want to go into the first topic today, and
Speaker 1: that is midterms. You know, I know of Vandel you
Speaker 1: mentioned that in the pre show. I'm going to share
Speaker 1: something with you guys right here to give you kind
Speaker 1: of an example of what's going on with midterm elections
Speaker 1: right now. It is a fifty four percent chance that
Speaker 1: Republicans could possibly reclaim the Senate. This has moved up
Speaker 1: quite a bit, which kind of surprised me when you
Speaker 1: look at where midterms have been in the past, and
Speaker 1: if you think about that and the potential of markets
Speaker 1: at the same time. First of all, what do you
Speaker 1: guys think we're dealing with right now? Do you feel
Speaker 1: like this is a potential catastrophe for the Republicans or
Speaker 1: do you think that they might actually pull it out.
Speaker 1: What are your thoughts there, because that may dictate where
Speaker 1: the markets go.
Speaker 2: Go ahead, No, please up again.
Speaker 3: Yeah, so my take is very contrary, and you could
Speaker 3: say so.
Speaker 2: I think.
Speaker 3: I think a lot of it is theatrics, to be honest,
Speaker 3: regardless who takes a seat, what side, left right, vote left, right,
Speaker 3: up or down.
Speaker 2: I mean, the fiscal deficits will keep rising, yep.
Speaker 3: Interest rates are going to have to be cut at
Speaker 3: some point to refinance the debt. It's just unsustainable for
Speaker 3: the system at the moment, and I think at the
Speaker 3: end of the day, regardless you know what side wins,
Speaker 3: the outcome is going to be the same as it
Speaker 3: pertains to monetary policy, the increase in the deficits, and
Speaker 3: really the ultimate direction we're heading in.
Speaker 2: So I don't think it's going to make much of
Speaker 2: a difference.
Speaker 3: It may in the short term, but I don't think
Speaker 3: the long term outcome is going to drastically change.
Speaker 2: And we've seen this.
Speaker 3: Throughout historical periods of similar election cycles. I mean, nothing
Speaker 3: really changes in the grand scheme of things from the
Speaker 3: markets perspective, you know, So maybe in the short term,
Speaker 3: but long term the direction is obvious. You know, we're
Speaker 3: going to have increase of the money supply over time.
Speaker 3: Rates are eventually going to come down at some point
Speaker 3: because out of.
Speaker 2: Necessity, financial conditions will loosen.
Speaker 3: Crypto is going to go through its cycles and that
Speaker 3: will mature over time. But ultimately, even the Clarity Act
Speaker 3: is eventually going to go through because like all historical
Speaker 3: disruptive technological innovation, it eventually gets regulated, controlled, adopted and
Speaker 3: integrated into the broader system.
Speaker 2: So it's all a matter of time.
Speaker 3: But short term, anything could happen long term, I think
Speaker 3: the outcome is the same regardless which side wins.
Speaker 2: You know.
Speaker 1: Yeah, Well, the point is is that obviously the politics
Speaker 1: side of it has really started to play out. Even
Speaker 1: around clarity. We're going to talk about that before we
Speaker 1: get into clarity because there's some big news out on
Speaker 1: Capitol Hill that will break down and I want to
Speaker 1: kind of get your opinion on this, but before we
Speaker 1: go there, when you consider the current situation right now
Speaker 1: of the market, we have the CPI day to come
Speaker 1: out bad. This does not look good for the market
Speaker 1: in general. You also had this right here, which was
Speaker 1: the issue that we're already seeing and I'll kind of
Speaker 1: zoom in on that if I can, and that is
Speaker 1: that auto loan and credit card delinquencies now are up.
Speaker 1: So this is usually indicative of what we have seen
Speaker 1: in the past, because what Lavish is talking about here
Speaker 1: is that this isn't necessarily a case shaped economy, but
Speaker 1: it's the system that's breaking. And you guys talk about
Speaker 1: this a lot, that the system is breaking. The issue
Speaker 1: that we're dealing with is breaking. And beyond all of that,
Speaker 1: would you say right now, based on the CPI data
Speaker 1: that we saw come out this morning also based on
Speaker 1: some of this new data coming in from the consumer
Speaker 1: goods side. Are we in a position yet where people
Speaker 1: will start to abandon the dollar and start to go
Speaker 1: into something else? What do you guys think?
Speaker 2: Well, first thing I'd like to make a statement on
Speaker 2: as far as the political system, to complement my brother's
Speaker 2: research and his insights, is the truth is both sides
Speaker 2: serve the same masters, sure, and they ultimately keep us
Speaker 2: fighting with each other while the real power structures continue
Speaker 2: to extract our wealth and they're building out the next
Speaker 2: era of finance. So, just to give some context for everyone,
Speaker 2: the game is really never left versus right, It's always
Speaker 2: been us. It's greg there you go.
Speaker 3: Yeah, there's no different way to say it.
Speaker 2: It's rigged.
Speaker 1: Yeah right.
Speaker 2: Well, the US dollar, right, I would say, is reaching
Speaker 2: the final chapter of a failed experiment. Really and all
Speaker 2: we have to call it for what it is. You know,
Speaker 2: people talk about the national debt, they say it's too high. Well,
Speaker 2: the truth is it's completely out of control, and it's
Speaker 2: sadly it's inseparable, inseparably tied to the dollar itself. So
Speaker 2: when you have a system that prints money off thin
Speaker 2: air of the service yesterday's promises. You're not running a
Speaker 2: currency anymore, You're essentially running a Ponzi scheme. And that
Speaker 2: ponzi scheme is systematically transferring more wealth from the productive
Speaker 2: class to the financial and political elite. Central bankers and
Speaker 2: power players. They don't just print their way into more power.
Speaker 2: They actually print at the direct expense of everyone else's
Speaker 2: purchasing power, saying, look at all of this, that's kind
Speaker 2: of the cycle we're trapped in, or we have been
Speaker 2: trapped in. We print more, we export more inflation aboard abroad,
Speaker 2: and we just repeat the cycle.
Speaker 1: Over and over.
Speaker 2: And other nations they've played along for decades because the
Speaker 2: dollar was the most liquid game in town. But I
Speaker 2: think overall nations and people alone are getting tired of it,
Speaker 2: extremely tired. And right now we're watching the end of
Speaker 2: the post Brettonwood system. Cash is gradually being phased out.
Speaker 2: Alternatives are being built, and the dollar it's still widely
Speaker 2: used today because of its liquidity and deep markets, but
Speaker 2: it is losing its status as the unchallenged hegemonic reserve currency.
Speaker 1: How long do you think that can hold though? I mean,
Speaker 1: because you think about where we just showed some stats here.
Speaker 1: Consumer debt is just getting out of hand. You're seeing
Speaker 1: the rich getting richer. You're looking at the investment class
Speaker 1: that has absolutely exploded, even though we had that retracing
Speaker 1: in the market this morning because of CPI. But how
Speaker 1: long do you think this can hold of the US
Speaker 1: dollar holding a position of power, especially now that the
Speaker 1: EU has realized that the US is no longer going
Speaker 1: to be there to back them up, because that's been
Speaker 1: kind of the strength of one of the one of
Speaker 1: the core strengths of the.
Speaker 2: Dollar for quite some time. I mean, it's again all theatrics.
Speaker 2: The truth is the dollar is dead as we know it.
Speaker 2: All your fiat currencies are Ponzi schemes by designs. A
Speaker 2: matter of time, it's just a matter of time. But
Speaker 2: if you look at the reality, we're already transitioning into
Speaker 2: a multipolar monetary world. This is happening day by day. Elasa.
Speaker 2: We'll talk about the great reset, they talk about the
Speaker 2: reset of the financial system, and they say it's coming. No,
Speaker 2: it's not coming. It's already happening now in the way exactly.
Speaker 2: So the dollar is not going to vanish overnight because
Speaker 2: it's too embedded. But it's monopoly. The monopoly on the dollar,
Speaker 2: a global pridity and reserve status is gradually coming to
Speaker 2: an end. And that's why you see physical commodities re
Speaker 2: anchoring trust again, that's why you see digital rails providing exactly.
Speaker 1: Think about what is happening right now. You look at
Speaker 1: the geopolitical positions of what Trump has done, it clear,
Speaker 1: it is clear now of really the pressure that is
Speaker 1: being put on the rest of the world from an
Speaker 1: energy standpoint, which is now starting to shift the dynamics
Speaker 1: of how the United States plays with the rest of
Speaker 1: the world as well, because what you have had is
Speaker 1: even France, I think Macron came out and was starting
Speaker 1: to push a little harder in the sense of eventually
Speaker 1: they're going to see a departure of the United States
Speaker 1: out of I think, out of NATO. Once that occurs,
Speaker 1: the EU will be on its own. They're going to
Speaker 1: start negotiating, who knows, with most likely the Russians and
Speaker 1: the Chinese, which will start to shift some of that,
Speaker 1: to your point, into other currencies. And it does kind
Speaker 1: of beg the question, you know, has the Monroe doctrine
Speaker 1: influenced enough to create this you know, Western hemisphere focus,
Speaker 1: which is really kind of where he's going right now,
Speaker 1: and the push towards digital assets, gold, et cetera, which
Speaker 1: is really the strength right now of the US. What
Speaker 1: do you guys think about that, because that's that's underway
Speaker 1: right now.
Speaker 2: I mean, honestly, in my opinion, behind closed doors, this
Speaker 2: was all decided. And again it's a very contrarian view.
Speaker 2: People like to look at the headlines and they kind
Speaker 2: of feed on that in a in a way, it's
Speaker 2: very strange at this point, but the distortions are clear.
Speaker 2: I think what they're doing essentially is having these back
Speaker 2: channels about how this is all going to end up
Speaker 2: and how it's going to play on in real time.
Speaker 2: I mean, if we even look at the regulatory landscape,
Speaker 2: and that's very important here, because when you talk about
Speaker 2: the regulatory landscape, it really is a circus. And again theater,
Speaker 2: I mean all the lawsuits and forth endless hearings that
Speaker 2: you see, it really looks like confusion on the surface,
Speaker 2: and that's what we're talking about here. But it's actually
Speaker 2: perfect timing because if you think about it, it's all
Speaker 2: aligning with the geopolitical script. The way the world is
Speaker 2: kind of entering this multipolar.
Speaker 1: The argument that always comes at me is this, all right,
Speaker 1: it's it's not really Trump it's doing this. It is
Speaker 1: the powers in DC that we often don't see, that
Speaker 1: don't get voted in and out. And that's really the
Speaker 1: construct of what's building maybe a new you know, the
Speaker 1: reset system so to speak. Yeah, and I think that's
Speaker 1: a factor that everybody needs to understand. This is going
Speaker 1: to become quite unique in terms of what assets to hold.
Speaker 1: Right now, everybody's setting in money markets. You're probably going
Speaker 1: to see the bond. Well, now the bond markets are flying.
Speaker 1: I think I saw bonds now at five percent. This
Speaker 1: is going to put pressure on digitalized assets because it
Speaker 1: starts to make those sticky. What would you say to
Speaker 1: an investor right now that says, hey, Paul, bonds are
Speaker 1: paying five percent. We're getting money market that continues to
Speaker 1: go up.
Speaker 2: It looks like.
Speaker 1: The new Fetchair is going to be toothless going into
Speaker 1: his job. So how would you argue that digital assets
Speaker 1: are the place to go? Is it just buy the
Speaker 1: last dip?
Speaker 2: I'd love to comment on this.
Speaker 3: Okay, So first of all, although you know bonds, corporate
Speaker 3: bonds offer you could say a nominal yield of what
Speaker 3: five percent something like that. Yeah, in real terms, you're
Speaker 3: actually going to have negative returns. If anything, we're much
Speaker 3: lower than that.
Speaker 2: Why is that?
Speaker 3: It all comes down to basic math, Because sure, it's
Speaker 3: considered a risk free asset class more liquid been around
Speaker 3: forever in the eyes of people globally and institutions. Risk
Speaker 3: free is a marketing phrase. Okay, it's not risk free
Speaker 3: when you do the real calculations, because sure, nominally speaking,
Speaker 3: six percent five percent looks good, but in real terms,
Speaker 3: when you actually account for currency debasement, inflation, the monetary base,
Speaker 3: which is then the money supply expansion, which is on
Speaker 3: average roughly eight to ten percent per annum. Now do
Speaker 3: the math plus taxes on top of that. So if anything,
Speaker 3: your returns are really negative. That's the fact of the matter.
Speaker 3: Not only that, if you take into account the outperformance
Speaker 3: that digital assets have had in every prior major expansion,
Speaker 3: it significantly outperforms anything you could make in even a
Speaker 3: decade sitting in the bomb market.
Speaker 2: Okay, so it's basic math.
Speaker 3: For example, XRP, every major historical cycle low it has
Speaker 3: had from cycle low the bottom all the way to
Speaker 3: its peak. Every major cycle expansion was more than more
Speaker 3: than eight hundred percent. Okay, so even out performing Bitcoin
Speaker 3: if you actually look.
Speaker 2: At the real math. So bonds, they're not risk free. Okay,
Speaker 2: they seem risk free on the surface, but they're not.
Speaker 2: And on top of.
Speaker 3: That, we're at the late stages of a monetary error.
Speaker 2: Okay.
Speaker 3: So it does not mean the chapter is closing tonight
Speaker 3: and the system is going to collapse. But everything we're
Speaker 3: seeing dynamic, all the dynamics playing out in the world,
Speaker 3: the geopolitical issues, the rise in energy and commodities, these
Speaker 3: are and the debasement, the acceleration of the destruction of
Speaker 3: the current, the purchasing power of your currency. These are
Speaker 3: things you see at the later stages of monetary errors.
Speaker 3: So what that tells us is that they are going
Speaker 3: to continue to inflate away the debt, that means destroy
Speaker 3: the currency, and they're going to destroy it at a
Speaker 3: faster pace than they were several years ago, because that's
Speaker 3: historically what all governments and empires have done at later
Speaker 3: stages of a monetary error. So the worst thing you
Speaker 3: can do, and this is most you could say, the
Speaker 3: most contrarian thing one could say, but the most unsafest
Speaker 3: thing you could do is hold bonds. Actually, if you
Speaker 3: really do the calculations, Yeah, especially given where we are
Speaker 3: in the monetary era, and not to mention, we're at
Speaker 3: the later stages of the business cycle, to be honest,
Speaker 3: which is the credit cycle. And sure a lot of
Speaker 3: capital floats, fluctuates and heads towards safer investments at the
Speaker 3: end of a credit cycle. But again, and when you
Speaker 3: really do the calculations, each a set class could be
Speaker 3: at a different stage within its cycle simultaneously.
Speaker 2: So what that means is.
Speaker 3: While everything is still appreciating pretty fast here going on
Speaker 3: a parabolic move, the only asset class that is sitting
Speaker 3: in a macro accumulation zone is actually the crypto market.
Speaker 1: Yeah, and you compared this right here, we're looking at
Speaker 1: the CPI inflation data. This went up to three point
Speaker 1: eight inflation, much higher in I mean, this is the
Speaker 1: kind of numbers we're talking about, twenty nine percent on energy.
Speaker 1: Look at this data right here. I'm going to highlight
Speaker 1: this for everyone. Yeah, twenty twenty you're up twenty nine
Speaker 1: percent to today. Okay, in twenty twenty five, So that's
Speaker 1: the kind of thing that you're getting, no matter the
Speaker 1: kind of situation that you're in right now. What we're
Speaker 1: dealing with is the debasement of the US dollar. So
Speaker 1: really see the other even with because I think the
Speaker 1: argument that everybody will say, well, hey listen, okay, sure
Speaker 1: bonds are only getting five percent my money is debasing it,
Speaker 1: you know, twenty five percent over the past five years
Speaker 1: a but example, almost thirty percent. Excuse me, yes, but Paul,
Speaker 1: sometimes crypto is volatile and it takes me down. Sometimes
Speaker 1: gold comes down, you know, And I'm like, yes, that
Speaker 1: is true, but you're not looking at the long term.
Speaker 1: We know what the long term play on inflation is.
Speaker 1: We know what the long term value of bonds are
Speaker 1: going to be a ten year yield right now.
Speaker 3: So I wanted to add one more detail to what
Speaker 3: you just pointed out. So the CPI data, Okay, First
Speaker 3: of all, all the metrics are flawed. We know that
Speaker 3: for many reasons. They've revised the way they calculate the metrics.
Speaker 3: That's one point I want to make. Second of all,
Speaker 3: they're too perfect, in line with expectations to be coincidental.
Speaker 2: Convenient, too perfect.
Speaker 3: Yeah, it's it's convenient, and it's too convenient because this
Speaker 3: happened last time as well. While twenty percent of the
Speaker 3: job data was magically gone because the government shut down.
Speaker 3: This tells us they're cooking the books because the economy
Speaker 3: is at the end of the credit cycle and things
Speaker 3: are worse than they.
Speaker 2: Want them to be shown to the public.
Speaker 1: Yeah, okay, that's that's a very good point. Is that
Speaker 1: this is a lot worse than what is being seen.
Speaker 1: And it's like, you know, the old metaphor of you know,
Speaker 1: just you know, if you boil the toad, you know,
Speaker 1: versus putting them in a flash hot panel water. It
Speaker 1: is what we're dealing with. That's how they're dealing with
Speaker 1: the American economy right now.
Speaker 3: Indeed, and the last point I want to add is
Speaker 3: the three point eight percent inflation that they just released
Speaker 3: that data. What's interesting is that's the highest it's been
Speaker 3: in three years, okay, since twenty twenty three. But here's
Speaker 3: the more interesting part that hasn't been priced in yet. Historically,
Speaker 3: if we look back every major in modern history, every
Speaker 3: time the oil price when pairabo, typically what you see
Speaker 3: following later are two things a recession eventually, and actually
Speaker 3: historically the recessions are announced roughly two weeks after the
Speaker 3: markets have already bottomed. Okay, now this yeah historically. Now
Speaker 3: the second thing is the every time the oil price
Speaker 3: rose significantly, like it did recently, what happens is this,
Speaker 3: This is very interesting. Following the few months of CPI prints,
Speaker 3: they're usually up, but because oil rises, you get something
Speaker 3: called demand destruction, so that eventually gets priced into the
Speaker 3: inflation data. So the inflation, the higher inflation we're seeing
Speaker 3: now is actually temporary, and oil rising is actually a
Speaker 3: deflationary pressure because when you put pressure on consumers and
Speaker 3: they have to spend more on energy, they eventually start
Speaker 3: spending less on other things because they have less disposable income,
Speaker 3: and that actually feeds into the economy. But it takes
Speaker 3: a few prints for that to happen, So in a
Speaker 3: few months that's going to be completely changed and different.
Speaker 1: Do you feel that that acceleration, though, will ever catch
Speaker 1: up with itself. I mean many people would say, okay,
Speaker 1: maybe now the kind of inflation numbers and consumer defaults
Speaker 1: that we're seeing are considerably higher and faster, so it's
Speaker 1: almost as if the system of that flywheel is accelerating
Speaker 1: right now. Do you think that at some point this
Speaker 1: does catch up with real or at least somewhat real
Speaker 1: inflation that would give the American investor enough of a
Speaker 1: shock to say the really, the new alternative system is
Speaker 1: going to be risk. And also commodities, et cetera, whether
Speaker 1: it's energy, gold, you know, you name it. Do you
Speaker 1: think that that's within reach anytime soon?
Speaker 2: Can't make a few comments. First of all, we've been
Speaker 2: in recession since twenty twenty two. The numbers were just massaged,
Speaker 2: the headlines were bslied, and that's exactly why the markets
Speaker 2: are mispricing risk across the board. So the illusion is
Speaker 2: still intact. Another thing I want to talk about is
Speaker 2: the reset that we talk about isn't really an event
Speaker 2: if you look closely enough. It's all about its policies,
Speaker 2: policy driven, and the policies that are being deployed.
Speaker 1: In real time.
Speaker 2: It does start with energy, because energy is the foundation
Speaker 2: of everything. You can't run at an entire economy with it.
Speaker 2: Can't goods, can't grow, food, power, infrastructure, and so forth.
Speaker 2: So what are they doing. They're actually creating pressure. I mean,
Speaker 2: if you look, if you're realistic about this and you
Speaker 2: look at what's happening globally, we're seeing supply disruptions, geopolitical escalations.
Speaker 2: You talked about Trump for a second. This is all
Speaker 2: being done intentionally. I want to get too far off
Speaker 2: the subject here, but the policy decisions that are being
Speaker 2: deployed right now are collectively restricting access to traditional energy sources.
Speaker 2: So when you start to disrupt energy, the consequences are
Speaker 2: going to cascade. And that's why fuel prices, transportation costs surges,
Speaker 2: That's why airlines are going bankrupt right now. That's why
Speaker 2: food is becoming more expensive. So inflation is spiking again
Speaker 2: and people are feeling it already. It's disrupting their daily lives.
Speaker 2: So I've seen it myself. My electric bill has gone up.
Speaker 2: I talked to my brother about this, and you know,
Speaker 2: we can pay for it, but it's gone up by
Speaker 2: sixty bucks for most people. That's you know, that's a
Speaker 2: lot of money, right So it's real, it's measurable, and
Speaker 2: it's sad because pressure is actually being applied across multiple
Speaker 2: systems and you have to ask yourself what's going to
Speaker 2: happen next. I think people are going to gradually adopt
Speaker 2: to the new conditions as they always do, and that's
Speaker 2: when we start talking about electric cars, smart cities, things
Speaker 2: of that nature. Because what I reported on right after
Speaker 2: this energy crisis begun, and I think it was engineered
Speaker 2: for many different reasons shortly after it gave me goosebumps,
Speaker 2: because I saw in lockstep just the same patterns I
Speaker 2: saw with the pandemic. The IMF came out, the Bank
Speaker 2: for International Settlements, the World Bank, the United Nations, and
Speaker 2: the EU in lockstep saying that we need to reduce
Speaker 2: our dependency on oil and we need to look at
Speaker 2: smart infrastructure. She's talking about centralized living, smart cities. I'm
Speaker 2: talking about Ursula von de Lerin. I hope I pronounced
Speaker 2: her name correct, wonderline. Yes, yeah, just when the cost
Speaker 2: of living rises across the board, consumption is going to
Speaker 2: drop and people are going to eat less, they're going
Speaker 2: to travel less, and they're going to depend more on
Speaker 2: the very systems that are designed to manage.
Speaker 1: So that I I would say, and not that I'm
Speaker 1: pushing back on that idea, but it is definitely I
Speaker 1: call her Queen Ursula. That is the EU, and it's
Speaker 1: new framing that we're already seeing the likelihood, especially around
Speaker 1: energy now, which they've kind of got themselves in this
Speaker 1: mess when they started shutting down there on nuclear reactors. Now,
Speaker 1: you're never going to be able to even get that.
Speaker 1: Have you have you've seen the latest in Amsterdam where
Speaker 1: they have banned adverts on meat on any kind of
Speaker 1: fossil fuels, including airlines, cruises, et cetera. Yeah, banning that.
Speaker 2: So the behavior behavioral trod this is behavioral conditioning exactly
Speaker 2: right at scale.
Speaker 1: Yeah.
Speaker 2: But to answer your question, go ahead, Paul.
Speaker 1: No, go ahead, because I think we got a lot
Speaker 1: to go.
Speaker 3: Yeah, you were you were going to ask, Okay, well,
Speaker 3: these conditions force people into looking for an alternative investment to.
Speaker 2: Find a way out, basically, right, exactly. Yeah, So.
Speaker 3: The answer is yes, and people are already doing that.
Speaker 3: That's why we're seeing gambling going through the roof prediction markets.
Speaker 3: That's a reflection of human behavior searching for a way out. Okay,
Speaker 3: So it's already being reflected in the markets. That will
Speaker 3: continue as people wake up to what options they actually
Speaker 3: have to potentially get it hit. But ultimately, regardless if
Speaker 3: they wake up or not, the train is leaving the
Speaker 3: station and the outperformers.
Speaker 2: Are going to be depending on the cycle.
Speaker 3: Where we are in the cycle is going to be
Speaker 3: different asset classes at different times.
Speaker 1: Well talks about that. Let's talk about that for a minute,
Speaker 1: because I think a lot of people always say, Paul,
Speaker 1: you guys always talk about these these global economics and
Speaker 1: you know the pressure on the dollar, blah blah blah.
Speaker 1: I get it, guys, because and for many of you
Speaker 1: maybe that's the issue is sometimes you have to actually
Speaker 1: call it out as to what it's going to be.
Speaker 1: We already know digital assets and even if you put
Speaker 1: yourselves around the top five, okay, because I think we
Speaker 1: are going to get into a world where whether it's
Speaker 1: through Clarity, the Clarity Act going through, or it's just
Speaker 1: through distribution, because now you're going to get Wall Street involved,
Speaker 1: all of the major companies, etc. Whether that's xrp XLM, Hedera,
Speaker 1: probably eve Solana, Bitcoin is going to be all in here.
Speaker 1: You're going to have maybe ten assets that have real
Speaker 1: movement here. And I think that's the key. If you're
Speaker 1: staying at the top of the funnel, you're probably pretty
Speaker 1: safe at least on the ability of being able to
Speaker 1: grow as these markets grow. But what else would you
Speaker 1: say is an investment class beyond those? I mean, for.
Speaker 2: Years I've personally been pounding the table about physical commodities. Ye,
Speaker 2: physical commodities are my number one hedge against the engineered debasement,
Speaker 2: and that's why I'm calling it. But when you look
Speaker 2: at central planners, they who print without limits. We talked
Speaker 2: about the dollar earlier, smart capital. The truth is they
Speaker 2: don't chase yield. They're they're chasing what's going to anchor
Speaker 2: their purchasing power and things that can't be conjured at
Speaker 2: a keystroke. I think gold, in my opinion, is still
Speaker 2: the undisputed king of that role. It's real monetary finality.
Speaker 2: It's now treated as collateral under the Bank for International
Speaker 2: Settlement's new frameworks. It also falls into the Bank for
Speaker 2: International Settlement's money Flower, which is a blueprint for the
Speaker 2: future financial system. Gold still refuses to decay under the
Speaker 2: monetary policy manipulation that we're talking about here. Whether the
Speaker 2: new FED chair switches, as my brother said, nothing really
Speaker 2: changes quanta easing any all the structural resets and things
Speaker 2: we're talking about right now, Gold is not going to
Speaker 2: be affected by this silver as well.
Speaker 1: Yeah, do you think that let's talk about percentage of portfolios.
Speaker 2: Then I was just going to get to that. Okay, well, where.
Speaker 1: Do you think is a safe percentage of a portfolio?
Speaker 2: Okay, maybe I'm a little harsh on this, but if
Speaker 2: you look at where we are, we're actually in an
Speaker 2: early multi decade commodity supercycle. Traditional asset managers, I looked
Speaker 2: at what they teach and what they're preaching. They're talking
Speaker 2: to people about ten fifteen percent allocation to precious metals.
Speaker 2: I disagree. I've been telling people for a very long time,
Speaker 2: go significantly higher, and for those who did listen, it
Speaker 2: is paid off dramatically. And this is just the beginning
Speaker 2: because the real war on the global stage, if you
Speaker 2: look at the Trump administration and what they're trying to do,
Speaker 2: it's not just military, it's a war for scarce resources,
Speaker 2: and we're talking about energy, rare earths and yes, monetary
Speaker 2: medals too. So I'm telling people to go a little
Speaker 2: bit aggressive on this, and they.
Speaker 1: Should stay aggressive because many people would say five percent
Speaker 1: is a good Oh no, I mean I'm forty percent.
Speaker 1: You're going that deep. I have been.
Speaker 2: I have been, yeah, right for a long time.
Speaker 1: Because you're you're probably holding little to know dollars, bonds, treasuries.
Speaker 2: No, No, absolutely, not because the math doesn't make sense.
Speaker 1: Yeah, I now, risk assets commodities are the primaries that
Speaker 1: you're going in on. I want to take a minute,
Speaker 1: guys and just invite you to join the Barn Market
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Speaker 1: just clicking the link down in our description. This is
Speaker 1: your insider's edge to the AI and crypto money revolution,
Speaker 1: which is what we really focus on here on PBN.
Speaker 1: This is additional research that I do along with our
Speaker 1: team and we have a pretty significant team on our
Speaker 1: research around not only what guides our episodes, but a
Speaker 1: lot of that research gets built into more content than
Speaker 1: I drop here on the barn Market Edge. We do
Speaker 1: market trends and sentiment analysis, which can be anything from
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Speaker 1: also guide you over to our Telegram group and we
Speaker 1: give this as elite community access. You get bonus content
Speaker 1: over there, including tax guides as well as different kinds
Speaker 1: of asset guides out there that we drop all the time.
Speaker 1: This is your ten year vision in action. All you
Speaker 1: have to do, of course, is just hit that little
Speaker 1: subscribe button or join the community and get in on it.
Speaker 1: It's absolutely free. It doesn't cost you a thing, so
Speaker 1: check it out. Is what about the new innovation tech,
Speaker 1: whether you look at what the hyperscalers are doing, you
Speaker 1: look where AI, whether that's going to be a play
Speaker 1: on the security side or is it maybe for those
Speaker 1: that are actually out there now benefiting from some of
Speaker 1: this recent move on gold and even to a certain extent,
Speaker 1: some of the digital assets. If if you look at
Speaker 1: people who bought bitcoins several years ago, where else it
Speaker 1: would they where'd they go? Would they go into businesses
Speaker 1: or would do you think that that's going to be
Speaker 1: an opportunity or where.
Speaker 2: Do you guys see beyond just the asset side. I'm
Speaker 2: very cautious right now, so I'm not taking the kind
Speaker 2: of risks. I really invest in what I understand. And
Speaker 2: one thing I do understand is there's going to be
Speaker 2: an intersection as well, something I've been mapping out for
Speaker 2: many years, the marriage between precious metals commodities across the
Speaker 2: board and the digital commodity rails. So there you go,
Speaker 2: you have the signal, and that's very important. So according
Speaker 2: to the Bank from the National Settlements, their own frameworks,
Speaker 2: gold and you know, along with other assets. They function
Speaker 2: as a collateral layer. That's very important when trust is
Speaker 2: being broken down in real time. And by the way,
Speaker 2: when the monetary system breaks, politics begins to break too,
Speaker 2: And that's why you're seeing the both kind of collide together.
Speaker 2: The trust is gone, okay, and now you have digital
Speaker 2: assets that are becoming the transmission layer of commodities. The
Speaker 2: transmission layer is the mobilizer of it. One is going
Speaker 2: to provide finality and scarcity, and that's really what the
Speaker 2: world is starving for in my view. The other is
Speaker 2: providing the speed new neutrality, and neutrality is very important
Speaker 2: and that makes collateral actually usable in a fragmented, multipolar
Speaker 2: global economy. So personally, I've I've been sticking to what
Speaker 2: I understand best and into that data clarity. Yeah, I mean,
Speaker 2: look at that even tether, it's a stable coin issuance.
Speaker 2: And what have they been doing with the profits?
Speaker 1: We tired buying goal they buy buying all the You
Speaker 1: know what that.
Speaker 2: Means, Paul, And I'm sure you already know this, but
Speaker 2: it essentially means that they're encouraging people to hold their
Speaker 2: digital IOUs and they don't even trust the very same
Speaker 2: asset that backs their own stable coin.
Speaker 3: So that's what's interesting is everybody talks about strategic reserve,
Speaker 3: this strategic reserve that. Well, the ultimate strategic reserve that
Speaker 3: is actually in plain sight is gold. That's why central
Speaker 3: banks have been accumulating gold at record levels since two
Speaker 3: thousand and nine, and that's why they've been net sellers
Speaker 3: of treasury since twenty fourteen. So you think that's a
Speaker 3: strategic reserve if you think about.
Speaker 1: It, this or behavioral avise it exactly. I know that
Speaker 1: from the gold bugs. This is something I talk about
Speaker 1: with you know, Andy, a lot, one of your friends
Speaker 1: in mind, and I keep recommended to him. I said, Andy,
Speaker 1: why are we not seeing these asset instruments created in
Speaker 1: the gold infrastructure, like what bitcoin has done. If you
Speaker 1: look at micro strategy, what they've done with Stretch, which
Speaker 1: is basically have created a credit digital credit out of
Speaker 1: a model in which many people would say, hey, that's
Speaker 1: a ponzi. You know, you're they're bringing money in, they're
Speaker 1: buying bitcoin, they pay out dividends back to the new
Speaker 1: money in blah blah blah. It's the sip to gold.
Speaker 1: Could have done this easily. Why do you think we
Speaker 1: have not seen those kind of more creative assets.
Speaker 2: I think this is actually being done behind closed doors,
Speaker 2: because if you think about it, without collateral, liquidity lacks trust.
Speaker 2: Without liquidity, collateral or remain static. And that's kind of
Speaker 2: environment we're in right now. So, as I've been saying
Speaker 2: for a very long time, they're not competitors, they are
Speaker 2: complementing each other.
Speaker 1: To each other are layers and the new architecture.
Speaker 2: And if I could be a little more brutally honest here,
Speaker 2: if you look at the entire digital asset space, there
Speaker 2: is so much noise out there and people are just
Speaker 2: drowning in it. But if you actually zoom out the
Speaker 2: picture of the signal, it's surgical and that's why we're
Speaker 2: seeing little by little the fog is lifting. But what's
Speaker 2: becoming brutally honest as well is that there are certain
Speaker 2: technologies that are actually going to solve one hundred trillion
Speaker 2: dollar problems. Everything else in the ecosystem, in my view,
Speaker 2: is just a clever marketing wrapped around these pump and
Speaker 2: dump machines. And another contrarian view that most people don't
Speaker 2: talk about is that the truth is ninety nine point
Speaker 2: nine percent of all cryptocurrencies are absolutely unnecessary competition at
Speaker 2: best best and most of them are also straight up
Speaker 2: securities theater at worst, not building the future. They're just
Speaker 2: renting attention until the very next cycle because there's a
Speaker 2: lot of money to be made here. Well exactly this Listen,
Speaker 2: this is the Da bomb era all over. People would say,
Speaker 2: you know, and I say that it's even smaller than
Speaker 2: Dot bomb if you look at it. Even though many
Speaker 2: people think that this market is so fraught with this,
Speaker 2: there's always going to be innovations that come through these major.
Speaker 1: Shifts, which is what we're in right now. And it's
Speaker 1: likely that we may not even know one of the
Speaker 1: new ones that come out, and it could be gold oriented,
Speaker 1: commodity based, it could be integrated into AI. Who knows
Speaker 1: the key is is just like what we didn't know
Speaker 1: in nineteen ninety seven through nineteen ninety nine before Dot
Speaker 1: bomb hit was that there was a lot of blue sky,
Speaker 1: a lot of BS in Silicon Valley, and am I
Speaker 1: call the same BS that I did back then I
Speaker 1: call it now is that there's only a handful that's
Speaker 1: going to make it, which brings me to the topic
Speaker 1: of Claire and Clarity is on the hill right now.
Speaker 1: You got one of the Kings of Clarity, which is
Speaker 1: Brian Armstrong. He is over there, you can see them
Speaker 1: talking about it. He's basically in there in their face,
Speaker 1: trying to get this thing across the bow. And you
Speaker 1: look at what's going to happen on this markup right now,
Speaker 1: which is pretty significant, I think when when you consider this,
Speaker 1: the significance is that we have now seen maybe a
Speaker 1: favorable bill at least on DeFi protections and even to
Speaker 1: a certain extent yield. But again, to you guys's point
Speaker 1: you think all of this is, do you think we
Speaker 1: need clarity for digital assets to rise?
Speaker 2: One last thing, I'll have Bendel speak. I'm very sorry,
Speaker 2: but I think the SEC has already drawn its lines.
Speaker 2: We've seen this, we know it's going on there, We've
Speaker 2: reported on it. The CFTC recently dropped a joint guidance
Speaker 2: treating XRPN select few other days little assets as commodities.
Speaker 2: The Clarity Act is what everybody's waiting for. The truth is,
Speaker 2: the Clarity Act is the final lock in. And that's
Speaker 2: It's funny because the very same banks that are publicly
Speaker 2: fighting the Clarity Act are the very same banks who've
Speaker 2: been running the private pilots on this technology for years,
Speaker 2: so I don't think they're against the innovation. I think
Speaker 2: they're against just retail front running the wealth transfer. And
Speaker 2: that's just one thing. The last thing I'll sail on
Speaker 2: this is this is what's going to give people some chills.
Speaker 2: I think whether the Clarity Act passes this year or
Speaker 2: not or gets renamed, it really doesn't matter in my view,
Speaker 2: because if you look at the reality, the transition is
Speaker 2: already baked into the cake. Nobody's really waiting for permission.
Speaker 2: They're still adopting, they're still moving going. We're just watching
Speaker 2: the final chapter of the post World War two fiatic
Speaker 2: experiment play out. That's truth Webban.
Speaker 1: You've got it, Blackrock is going, JP Morgan is going
Speaker 1: everybody that. I mean, you look at the global element
Speaker 1: that's happening in Asia, especially the amount of innovation that's
Speaker 1: happening in Japan, Korea, Singapore, South Korea, Singapore is astounding
Speaker 1: compared to what we're seeing here exactly.
Speaker 3: So, So, I mean, they've been doing all this research
Speaker 3: and development, investment, infrastructure building, hiring people, growing companies to
Speaker 3: multi billion dollar you know, evaluations, all while there's.
Speaker 2: No Clarity Act, which tells me it's an act.
Speaker 3: But I mean it's going to go through obviously, you know,
Speaker 3: just like the Telecommunications Act in nineteen ninety six, deregulate
Speaker 3: the markets, encourage competition, have frameworks in place, and ultimately
Speaker 3: more serious capital from retails, institution, investment, infrastructure is going
Speaker 3: to slowly, gradually migrate into.
Speaker 2: This new ecosystem. So that's inevitable.
Speaker 3: It's coming regardless what happens with the Clarity Act and
Speaker 3: the bill.
Speaker 2: I mean, it's an inevitable. Okay.
Speaker 3: We've seen this throughout history with previous technological disruptions, and
Speaker 3: I mean, at the end of the day, I think
Speaker 3: when it does go through, I've talked about this before
Speaker 3: and it's just my opinion, but when it does go
Speaker 3: through eventually, I believe that we could see a hype
Speaker 3: driven rally followed by a cool off, a selloff because
Speaker 3: smart money exits into strength, especially when it's amplified, and
Speaker 3: then a gradual migration of serious capital taking advantage over time.
Speaker 3: Because institutional money, it moves slowly, all right, These big
Speaker 3: players around the globe, they move slowly. They don't just
Speaker 3: move overnight. It doesn't matter if you pass the best.
Speaker 2: Bill in the world.
Speaker 3: You know, it doesn't matter. Capital takes Yeah, it takes time,
Speaker 3: and a lot.
Speaker 1: Of capital has to get deployed in a short in
Speaker 1: a I shouldn't say short, but in real reality, if
Speaker 1: this happens in a five year cycle, that may be
Speaker 1: one of the fastest cycles. Yeah, definitely recent history, at
Speaker 1: least the last hundred.
Speaker 2: Absolutely.
Speaker 3: And on top of that, Paul, when it does go through,
Speaker 3: it basically opens the doors and the barriers that have
Speaker 3: been there. So once that's open, now now you're going
Speaker 3: to see serious influx of capital into this space and adoption, utility, investment, infrastructure.
Speaker 3: So once the door's open, that's the final barrier sitting
Speaker 3: between the big money and this technological advancement. So but again,
Speaker 3: it won't happen overnight. It could, it could anything could happen,
Speaker 3: but it won't be the dictator of the outcome.
Speaker 2: Immediately, do you think, all right?
Speaker 1: So we know your position on gold. We know that
Speaker 1: eventually that's going to merge with the digital asset class itself.
Speaker 1: We're already seeing it to a certain extent. If you
Speaker 1: just look at Tether's xaut continuing to grow physical gold.
Speaker 1: I know Trump still threatens that he's gonna audit Fort
Speaker 1: Knox and see if we actually have that gold there.
Speaker 1: Wouldn't that be interesting? Yeah, I would if you actually
Speaker 1: went through with it. Yeah, an interesting. Do you have
Speaker 1: any faith in the government because Patrick Witt has gone
Speaker 1: on record here recently saying, get ready, we're going to
Speaker 1: announce a strategic reserve strategy around digital asses. Do you
Speaker 1: think they're going to do it? I mean, whether they
Speaker 1: do it or not as irrelevant. Yeah.
Speaker 2: The truth is, I know for a fact the administrations,
Speaker 2: again going back to the political class, may only do
Speaker 2: what's in their interest for them, not for everybody else
Speaker 2: for sure. So inevitably this transition is going to happen
Speaker 2: because if you think about it, the world is fragmenting
Speaker 2: the classes in big trouble right now too. Along with
Speaker 2: some of the other things that I've been going on. There's
Speaker 2: no more trust and the system is cracking, and the
Speaker 2: technologies we're talking about here were designed for this very moment.
Speaker 1: Listen, guys, we get approached by some of the biggest
Speaker 1: financial institutions on Wall Street two. I'll call it advertise, liberally,
Speaker 1: call it advertised, but in reality, it's structured manipulat I
Speaker 1: think it's structured manipulation. You know that it's not manipulation
Speaker 1: per se. But what they're interested in you talking about
Speaker 1: in our shows is very structured at how it's almost
Speaker 1: strategic in the sense of how they want to roll
Speaker 1: out certain things.
Speaker 2: That's a narrative they want you to push exactly.
Speaker 1: So we have, of course denied them for the reason
Speaker 1: of I just don't understand what it is they're trying
Speaker 1: to do. It's not just like, hey, sell a particular product.
Speaker 1: It's it's sell an idea, you know, and that's the
Speaker 1: seat exactly, sell the idea. And that concerns me a
Speaker 1: little bit in terms of where economic growth is going
Speaker 1: to be generated from, because if we do see that
Speaker 1: transition as what we are anticipating, I agree with very
Speaker 1: creative ways for them to manipulate these markets for sure.
Speaker 2: Oh my god, I mean it's out of control right now.
Speaker 2: And you know, Paul, I want every listener to really
Speaker 2: understand this, like people have to stop chasing the narrative.
Speaker 2: They have to stop waiting for the next massive tweet
Speaker 2: or thread or they're hearing like the signal is there
Speaker 2: and the real move was never about getting rich quick
Speaker 2: at this point, it's not, at least for me. This
Speaker 2: is well, yeah, it's about being positioned for the new
Speaker 2: monetary architecture. And it's already live and it's scaling, and
Speaker 2: I mean it's happening very fast, and the window of
Speaker 2: opportunity is truly closing, it's only closing faster. And I
Speaker 2: think where this is going is really the intersection. Again,
Speaker 2: this is the signal I'm trying to teach people, is
Speaker 2: that gold is the anchor of value. This is not
Speaker 2: going to change. But in a digital asset landscape, how
Speaker 2: do you move value more efficiently across modern financial networks
Speaker 2: at the speed of scale the twenty first century. Sure, Yeah,
Speaker 2: that's that intersection there. So that's where I think the
Speaker 2: subject of token ized gold comes in in real world
Speaker 2: as no doubt.
Speaker 1: Yeah, token ized gold absolutely huge. We continue to see
Speaker 1: the growth in it. I think it's just a matter
Speaker 1: of time before we get another major play on token
Speaker 1: ice silver. We'll really start to accelerate that as well.
Speaker 2: I mean it's part of the strategic reserve now for
Speaker 2: critical minerals.
Speaker 1: Yeah yeah, all right, so let's talk about this. There's
Speaker 1: a couple of points I want to show you've got
Speaker 1: some movements out there in the market that I would
Speaker 1: say are still pro XRP and a handful of others.
Speaker 1: One is obvious here by ever North Ever North is
Speaker 1: you know. I had a chance to talk to a
Speaker 1: Sheesh in Vegas, and I'm kind of curious, do you
Speaker 1: like the idea of these digital asset treasuries developing around
Speaker 1: major asset classes like an XRP or even a stellar
Speaker 1: or others. We have an hbar DAT and ETFs out there.
Speaker 1: Would you say that these would be potentially investment opportunities
Speaker 1: or not to be able to get access to some
Speaker 1: of these assets for people who are not necessarily ready.
Speaker 2: Yes. Agree, that's like almost like ETF exposure, right exactly.
Speaker 2: You still have the upside to the adoption and sheer
Speaker 2: scale of the use case of it, but you don't
Speaker 2: own the underlying asset itself. And I think that's why
Speaker 2: ETFs are aggressively being pushed, because it's a real money
Speaker 2: maker for the institutions, but more importantly, it you know,
Speaker 2: it goes. It's a double edged sword. It gives people
Speaker 2: the value and the exposure of it. But I've always
Speaker 2: taught people to there's nothing like owning the underlying assets
Speaker 2: the same way if you were to own.
Speaker 1: Gold Well And this may be a transition. This may
Speaker 1: be just a transition period.
Speaker 2: Yeah, to get all the money on chain, most likely,
Speaker 2: that's probably what the real narrative is there. And I
Speaker 2: think they're doing a great thing. They're getting people the
Speaker 2: exposure to it, but it's more about getting the value
Speaker 2: on chain, rolling over everything from traditional financial systems into
Speaker 2: the new architecture.
Speaker 1: What do you guys make of this news right here?
Speaker 1: This was Stellar announcing the Stellar Foundation announcing that there's
Speaker 1: another government that's jumping in. This is Bermuda. I know
Speaker 1: it's a small country guy, so don't you know, freak
Speaker 1: out the comments. But the point is is that we're
Speaker 1: seeing nation states now going into entire payment systems, coming
Speaker 1: into these types of assets. What is your opinion right
Speaker 1: now if you had to call three digital assets out,
Speaker 1: what would they be for potential investment opportunities right now?
Speaker 1: If you're taking long term.
Speaker 2: Yeah, XRP XLM, and there's a complementary relationship between the two.
Speaker 2: Talk to you about that for years. And the third
Speaker 2: my third largest holding in the digital asset space is
Speaker 2: Hbar Okay, HPAR has an incredible use case. It's being
Speaker 2: adopted by the largest financial institutions. You have some very
Speaker 2: powerful players on the governing council. Also, their really real
Speaker 2: aim is to get to carbon negative and I think
Speaker 2: that's kind of part of the larger agenda to go
Speaker 2: clean energy.
Speaker 1: Yeah, which would be fantastic because I think that goes
Speaker 1: back into the narrative you've been talking about, which is
Speaker 1: where we'll start to see the dynamics around energy start
Speaker 1: to shift quite a bit, which is, hey, this is
Speaker 1: a normal situation. I think it's listen, it's growth and innovation,
Speaker 1: and I think this is the challenge that unfortunately the
Speaker 1: United States does not have the cheat code anymore.
Speaker 2: We had the cheat code.
Speaker 1: In the nineties and in the two thousands of a
Speaker 1: Silicon Valley. We no longer have the cheat code, so
Speaker 1: we have to kind of compare ourselves other than maybe
Speaker 1: what Elon is doing, you know, with the integration of
Speaker 1: space and data centers and now AI possibly clean energy
Speaker 1: around cars. I mean, he's probably the only guy I
Speaker 1: would say that it would be considered a cheap but
Speaker 1: he's one, you know, He's one dude. Even though it
Speaker 1: is a lot of companies you think they'll end up
Speaker 1: I know taslow with SpaceX. Do you think that's going to.
Speaker 2: Happen anything to get the stock higher? Probably? Yeah, yeah,
Speaker 2: I think he's going to do it because yeah, a
Speaker 2: lot of these things, all these people, they serve their shareholders.
Speaker 2: That's the reality.
Speaker 1: Sure, for sure.
Speaker 2: Shareholders are mostly the big corporations, the lobbyists.
Speaker 1: And so forth. Yeah. Yeah, let me know in the comments, guys,
Speaker 1: if you are your top three assets, so you've heard
Speaker 1: them right here from versaon and Vandel, would you agree
Speaker 1: with that? Vandal? Did you like those three that Verson picked?
Speaker 2: Yeah, yeah, definitely.
Speaker 1: I do you guys are on the same boat. Okay, yes,
Speaker 1: Obviously high percentage of liquid net worth into gold also
Speaker 1: coming in from BLACKWN capitalists on their recommendations. So we're
Speaker 1: going to be covering this in a lot more because
Speaker 1: I think now that clarity gets out of the way,
Speaker 1: hopefully this year, it is going to open up a
Speaker 1: pipeline of new strategies. And during those new strategies, you
Speaker 1: gonna need guys like these guys right here, So appreciate
Speaker 1: that and like you, Paul, definitely get you back on
Speaker 1: the show to talk about that. Because I think things
Speaker 1: are getting ready to you.
Speaker 2: Yeah, very very active strategic playbook for your audience. Stacked
Speaker 2: physical gold, stack physical silver, other critical commodities, if you
Speaker 2: can or have exposure to them, have you seen them.
Speaker 1: You've seen any opportunities? I mean, because I always wonder
Speaker 1: for people who are stacking gold and silver physical are
Speaker 1: are they worried about putting too much in like one location?
Speaker 1: Do they go and hire these professional brinks and vault
Speaker 1: services to hold it unto I mean, I'm saying, if
Speaker 1: someone gets above ten k and gold, you probably don't
Speaker 1: want that at your house, right.
Speaker 2: I mean, I'd still be very cautious because if you
Speaker 2: look at the UCC laws, they were rewritten. This is
Speaker 2: something in the book called the Great Taking, and I've
Speaker 2: reported on this many times. I've tried to hammer it
Speaker 2: as well, and essentially they essentially they rewrote the laws
Speaker 2: that in the future, if this is under the FDIC
Speaker 2: as well, the regulations can shift where they can confiscate
Speaker 2: all your assets. And I think you know, whether you
Speaker 2: have your gold in a deposit safety box with a
Speaker 2: regulated institution, it falls under the same category. So it's
Speaker 2: just we're in a very different time right now. Where
Speaker 2: the entire financial system is indeed being built from the
Speaker 2: ground up.
Speaker 1: I think people should not take that risk.
Speaker 2: That's just my view on it.
Speaker 1: I prefer I like physical delivery.
Speaker 2: I have all my physical gold and silver and I
Speaker 2: have them spread out in physical locations close by.
Speaker 1: Okay, so it's all distributed in essence, which is a
Speaker 1: good strategy. I think in general, I wonder if there's
Speaker 1: going to be some businesses that get to that point,
Speaker 1: you know, to manage, you know, because these you're going
Speaker 1: to see a lot of movement into physical commodities.
Speaker 2: Yes, yeah, it's happening already. I mean it's a hundred
Speaker 2: it's one hundred trillion something capital migration that's already underway,
Speaker 2: and it's the rate that's your wealth transfer. So again,
Speaker 2: focus on the signal, not the noise. There's a lot
Speaker 2: of noise out there. Yeah.
Speaker 1: Yeah, in person and Vandel, you guys know what to do.
Speaker 1: Find them over on YouTube under black Swan Capitalist out
Speaker 1: on acts as well. So thanks again for coming in today.
Speaker 2: We appreciate it. Thank you. That's a good chatting with you.
Speaker 3: To take totting the same they is to get the
Speaker 3: tote tect