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Speaker 1: End of the Great Keynesian Experiment is just simply a

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mathematical problem.

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Speaker 2: Right.

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Speaker 1: Well, we added a trillion dollars in new debt in

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one hundred and six days, went from thirty six trillion

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to thirty seven train in one hundred and six days.

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You know, a lot of that's just compounding interest in math.

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The election of Trumph, some of the revolutionary ideas he has,

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like this Doze Committee, you know, to make some recommendations

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for cutting waste, and you know all these different things

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that's encouraging. I'm all for it. I mean, I won't

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even get me wrong, and I don't want to seem cynical.

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Speaker 3: You were listening to Carrie Let's his Financial Survival Network

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where you get valuable information you just can't find anywhere

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else to thrive in today's trying times. You need the

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Financial Survival Network now more than ever. Go to Financial

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Survivalnetwork dot com and get your free newsletter and gift.

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Financial Survival Network now more than ever.

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Speaker 4: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Lets. Good friend Craighempkey

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is with us now TF Metalsreport dot com. Make sure

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you go sign up there now get his free newsletter.

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Got a question for Craig myself, Klatcarrie LUTs dot com

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is the place to send it to great So are

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we going through an American revival or all sins going

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to be forgiven?

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Speaker 2: Now that the election is over?

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Speaker 4: And I don't know, Maybe I wouldn't necessarily say the

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grown ups are back in charge, but maybe the more

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developed adolescents or running things than the pre pewbescent, you know,

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kids that I don't know what I'm saying here, Good off.

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Speaker 1: Watch Hi, boy, I tell you things were really not

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that they're not crazy, but boy, you just think of that.

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A lot of things changed the last four years for

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our concerns about the precious metals. You know, I've been

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I remember when I got my start at zero Hedge

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writing in the comments section. People had like a tagline,

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you know, where you could write so that every one

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of your comments and with a tagline. And I don't

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know why, but I added a tagline. It was like

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two thousand and nine and I said, the end of

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the great Keynesian experiment is upon is prepare accordingly? And

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now you know it's like the name Terry Ferguson, I

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just kind of got stuck with it, and I got

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stuck with that tagline fifteen years ago. The end of

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the Great Keynesian Experiment is just simply a mathematical problem. Right, Well,

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we added a trillion dollars in new debt in one

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hundred and six days, went from thirty six trillion to

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thirty seven train in one hundred and six days. You know,

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a lot of that's just compounding interest in math. The

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election of Trump, some of the revolutionary ideas he has,

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like this Doze Committee, you know, to make some recommendations

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for cutting way and you know, all these different things

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that's encouraging. I'm all for it. I mean, I won't

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even get me wrong, and I don't want to seem cynical,

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but old men like myself and probably you two carry

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we can't help. But I always say there's a pretty

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fine line between cynicism and realism. Right So am I

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cynical to be doubtful? Or am I just being realistic

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that this train is too far down the tracks to

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reverse it? You know, if you the government were to

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actually try to cut spending from you know, the one

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point eight trillion deficit to a point eight trillion deficit.

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That reduction in liquidity would be significant. What would that

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do to markets? How much of the GDP growth that

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is trumpeted at three percent when you do the math

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nominally and adjusted to dollars, it equates almost exactly to

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that one point eight trillion dollars in government spending? How

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many of the new jobs are government employees? So I

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don't know if one if it's feasible that you know,

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the train can be slowed to any great extent, And

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I'm worried that if they try. What's that going to

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do to markets? What that does that do to the economy?

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Is to do the tax revenue could net net the

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reduction of deficit that falls through the spending reduction be

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offset by a reduction of tax revenues that would come

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in by the slowing of the economy. So anyway, societally, culturally,

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all that kind of stuff. Man, if we can get

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the boys off the girls, uh, you know, sports teams, great,

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But I don't know if economically how much econo how much?

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Speaker 4: Hey, even if we can't get them off the sports teams,

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if we could just keep them the hell out of

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the bathroom, right.

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Speaker 1: Right, I mean this is I mean, this is look

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I'm all for. You know, you know, a level playing

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field that you now be mixing my metaphors and all

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that stuff. You know, And but man, I tell you,

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as a father of two daughters, you know all of

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the efforts that were made over the last fifty years

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to try to create opportunities for women to excel in sports.

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You know, Title nine, you know all this kind of stuff.

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I mean, it is great. And then anyway, more getting

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on I'm getting off on a tangent here. There are

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things that can be impacted rather directly by you know,

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a new White House, a new administration. I don't know.

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I guess it's just I'm optimate. It remains we've seen

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what kind of economic and monetary and fiscal policy impact

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can be had. I think what happened in the immediate

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aftermath to the election was almost kind of a mania

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that all this stuff was ascertain to happen and was

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a certain happened quickly. We'll just see how it plays

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out next year.

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Speaker 4: You know, it can make a difference. But you know,

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when we go back to the milkshake effect, Duncan's theory

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and all of this growth and everything that happens is

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because of credit. So you cut back on the amount

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of credit that the government's taking in and the amount

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of money that they're printing, and you know, it's got

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to lead to a crash. There's no other way get

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rid of a million government employees, even though I think

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government employees and oxymoron government worker.

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Speaker 2: You know, I just don't see any way out of it.

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Speaker 4: And yeah, I think it's easily two trillion dollars a

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year worth of waste baked into the system. Right, but

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you know, really really like I think you're right. I mean,

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we're too far down the rabbit hole here, right, Yeah, Well.

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Speaker 1: And that's just it tend of math actually be And

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like you said, liquiddy banks that are holding all these

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alleged assets on their balance sheet that are underwater because

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of the movement interest rates, right the Federal Reserve and

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their balance sheet and the unrealized losses that they have.

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And so this notion that again Trump is going to

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it was a number of factors that all kind of

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came together that dull gold down ten percent, from which

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it's now recovering as we expected. But there are a

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number of factors you know, that Trump was going to

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promote economic growth, which was going to lead to inflation,

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which meant you should sell your bonds and rates are

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going up, and if rates are going up, that meant

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the dollar was going to go up. And then this

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you know, I'm all for bitcoin, but you know Trump

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was going to promote bitcoin, so get out of gold

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and get into bitcoin, and all of these factors combined

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for that pretty sharp sell off in gold. But now

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I think that the mania again to keep you using

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that term, this kind of hysteria that oh this is

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all going to happen overnight, has kind of worn off

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and the metals have found their footing. This is rather

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always very strong seasonal period. Doesn't mean we have to

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go up every December in January, but on average, December

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and January the third and second best months of the

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year for the precious metals. So I think we're seeing

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now again with this latest news out of China as well,

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a pretty solid rebound for the precious metals. It's going

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to get a little Santa Claus rally and extend in

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the January.

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Speaker 4: Yeah, so the honeymoon eventually sounds like it's going to end.

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Where are we going to be at?

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Speaker 2: Then?

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Speaker 1: Well, yeah, you wonder. You know, this is not dissimilar

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to what happened in twenty sixteen. Uh you remember election night

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twenty sixteen, All of a sudden, gold just was up

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like a hundred bucks or whatever, eighty bucks when you

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went to bed and you woke up the next morning,

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it was down eighty bucks, yep. And then it sold off.

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And at the end of the year, as the dollar

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rally is, you know, Trump was going to be protectionists

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and tariffs and all this and this perception that strong dollar. Well,

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in fact, he was a week dollar president. You know,

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he actually wants a weaker dollar to promote US products

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and trade. And once that kind of solid rationale took

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hold in twenty seventeen, the dollar fell and the precious

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metals rallied for about the next eight or nine months.

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So we'll see if something similar doesn't play out next year.

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Speaker 4: All right, So gold today we're up pretty smartly. Silver

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is up over a buck. What of silver here? What's

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going on here?

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Speaker 1: Well, this is this is probably the most interesting story

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to me. At this point on the chart, silver has

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kind of a classic double bottom where you and you

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see this as a classic double top till you come

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down to a spike low, you get a bounce, and

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then you get kind of a rounded low at the

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same level. A lot of classic double tops that way,

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you get this blow off top, you get a pullback,

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and then you go up and you round over trying

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to make a new high, and then that's it. You

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can see that on the chart. You can also see

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that in this series of his long term uptrend silver's

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been in since March. Really at the conclusion of the

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most recent pullback in July, silver came within a whisker

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of its two hunderday moving average kind of bounced off

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of it for about four days. Silver came down within

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ten cents of its twourday moving average back the night

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before Thanksgiving that Wednesday night two weeks ago. Yeah, I

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got to thirty oh nine something like that. Now it's

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pushing thirty three today. So a lot of things on

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the chart that looks good. What I want to watch

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for Carrie, and I think this will be the most

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significant thing as we head into this month, and then

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as twenty twenty five begins, people will recall, you know,

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we're all frustrated, you know, as silver owners, because you know,

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price got to fifty dollars in nineteen seventy nine. You

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know whatever round up got to fifty dollars round up

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in twenty eleven, and those are great years into a year.

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But both of those years finished at about thirty one

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in a quarter. So if you pull up an annual chart,

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you know, not a daily charter, a weekly charter, a

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chart just a you know, a candlestick chart of every

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year of silver going back to last fifty years. You

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see these big green candles, but both of them finish

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at thirty one twenty on the spot market. We're right

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now about thirty. We get an annual chart breakout at

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the end of this year. That could be something that

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really drives a solid institutional high net worth you know,

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family office, whatever bid for silver next year. Do you

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remember do you remember Carrie? Who is that guy from

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gugenhant Heim Scott so wait, what was his name? Scott Minard?

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I remember this from a couple of years ago. Dude

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was a dabos and he's sitting there and he's on

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a CNBC or Bloomberg panel or somebody goes, I think

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the you know a silver about eighteen bucks is I

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think silver is the investment of the year, and they

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were all like, why you talking about it? Because nobody

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owns it? Are you and I own it? People are

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watching this own it. Maybe nobody owns it in no

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institution or hedge fund, nobody owns it in size. What

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gets their attention a breakout on an annual chart where

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you see, wow, oh, what's going on here? So for

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everybody watching this, we got three weeks to go to

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the end of the year, watch that thirty one five

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or so in silver. If we can extend with the

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Santa Claus rally, that might be a little foreshadowing of

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what might be to come next year.

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Speaker 4: Well we hit thirty five, right, yeah, and bounce back

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what you expect, right yeah, And gold was kind of

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like hanging out and kind of retracing a bit. Now

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it's kind of freeing up. I guess until silver leads gold,

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we just don't know, huh.

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Speaker 1: Well, it kind of is a little bit.

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Speaker 2: You know.

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Speaker 1: The mining shares have been interesting as well lately for

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the obvious reason. I mean, they got this washed back

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in November. The big primary drivers of the mining sector really,

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I mean, even Stanley Druckammeller Terry you think you know

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it is obviously about a million times smarter than I am.

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But when he wants to own precious metals, he buys

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a GDX and he buys Numont, which is like the

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two stupidest things you could possibly buy. This brilliant guy,

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but he just you know, reflects a lot. I don't

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know what anything about goals lit by Newmont. So in

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Newmont and Barrack are always the worst performing mining companies

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because they I mean, they have the same share price

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had twenty years ago, because they can't control their costs.

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So when they release earnings, as Newmont did in late October,

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just crushed the sector, just killed it. And a week

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later because Barrack with the same problem to wipe this out.

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So anyway, the mining sector pulls back. But now mining

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you know, smarter mining investors are going await a second.

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The price of gold is still twenty six fifty twenty

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seven hundred. I bet the fourth quarter is going to

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look pretty good too, just like the third quarter. The

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mining shares are recovering. They're being accumulated a lot of

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green candles on the daily chart, which means priced rallying

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through the New York Socke Exchange session GDX rallying up

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getting back above it's fifty day moving average. Silver's back

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above it's fifty day moving average as we speak. It

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might be kind of leading gold a little bit here again. Seasonally, Carrie,

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this is a good time of year. Yeah, after we

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get that through the tax lost selling season, particularly in Canada,

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that usually wraps her up around the sixteenth seventeen eighteenth

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of December, this should be a good time of year.

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We should a year in rally and we could extend

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that rally with some positive sentiment into January.

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Speaker 4: All right, well from your mouth, I guess, but we

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do know seasonally this is always you know, middle to

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end of Q four to middle to end of Q one,

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that's good time. But you know, the stock market has

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stayed strong throughout all this. There's like no, it's just

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complacency is ruling and until it does right well.

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Speaker 1: In liquidity too, there's I mean, we might be getting

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into some spots with a shortage of liquidity, like that

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reverse repo balance that was at one point two point

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five trillion dollars is now down Electro one hundred and

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fifty billion. But the important news that whise gold and

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silver up here on Monday the night a big change

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of monetary and fiscal policy out of China last night,

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first public change since twenty eleven, signaling that for the

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at least the next year, they're going to be very

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loose and accommodated and providing liquidity and trying to keep

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liquidity flowing out of China. Well there, you know, it's

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just more more global fiat to help drive everything.

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Speaker 4: What he's here too, right, US's securary, it's already baked

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in the cake.

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Speaker 1: And right, well exactly, I mean, the Fed is talking.

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You know, they're going to cut rates again here next

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month or next week. I should say, we'll see how

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much they actually then expect to cut next year. But

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they're being easy and carry you know. In the end,

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that's where this all has to lead. I mean, even

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with I mean Trump, Trump's some real estate guys exists

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on debt. He knows lower interest rates are better than

293
00:16:26,120 --> 00:16:29,399
higher interest rates. Right, so you can still see this

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path of global loosening, you know, to try to just

295
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keep the gears of liquidity greased, and that it's a

296
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kind of a stretch or maybe I don't know to

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00:16:40,600 --> 00:16:44,360
say that. You know, rising tide lifts all boats here. Well,

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until we get into some real sharp liquidity squeeze and

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reduction of global liquidity. It's hard not to see where

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00:16:52,279 --> 00:16:54,120
things like the stock market don't keep going up.

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00:16:55,399 --> 00:17:00,360
Speaker 4: Yeah, yeah, I mean it really then we have had

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00:17:00,440 --> 00:17:05,680
any We made it through September and October, it out

303
00:17:05,880 --> 00:17:11,480
any wild dest right, any crashes. And you'd think this year,

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of all years, with the uncertainty of the presidential election,

305
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all this stuff going on, if it was ever going

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to crash, it would be this year.

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Speaker 2: And yet it didn't.

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00:17:22,519 --> 00:17:26,359
Speaker 1: Yeah, yeah, right, yeah, And you know, and there's some

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history the first year of a presidential cycle typically is

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00:17:31,079 --> 00:17:34,400
a little challenging, but not you know, not that's not

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00:17:34,599 --> 00:17:38,319
universally true, but it can be. And again, you almost

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00:17:38,319 --> 00:17:41,799
need a signaling event that would kind of cause some

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of these dominoes to start tumbling into each other. You know,

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00:17:46,839 --> 00:17:49,720
some kind of real crash in the US bond market

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that gets rates, you know, the ten year note backup

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00:17:52,279 --> 00:17:56,519
over five percent or something and moving higher again, what's

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00:17:56,559 --> 00:17:58,279
going to cause that? In fact, even you know, the

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00:17:58,359 --> 00:18:00,240
last two weeks you'll on the ten year note, it's

319
00:18:00,359 --> 00:18:05,799
down twenty five basis points. Bond market's rallying. So again, hey,

320
00:18:05,839 --> 00:18:09,079
look I predicted about ten of the last one stock

321
00:18:09,119 --> 00:18:13,640
market crashes. Things just keep going up, you know, and

322
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maybe carrying the end, it just auders that toward that

323
00:18:17,359 --> 00:18:21,880
old Austrian economics idea of the crackup boom that toward

324
00:18:21,920 --> 00:18:25,000
the end, all these central banks are just creating so

325
00:18:25,160 --> 00:18:27,319
much cash trying to service their debt and it just

326
00:18:27,400 --> 00:18:31,359
leaks out into everything. And maybe that's all part of

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what continues.

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Speaker 4: Perhaps, and I mean here, even over the weekend, we

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00:18:36,559 --> 00:18:43,559
have the collapse of the Syrian regime, right, the end

330
00:18:43,559 --> 00:18:48,400
of the fifty year peace treaty between Syria and Israel. Right,

331
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We've got and we don't even know who the heck

332
00:18:51,920 --> 00:18:54,240
is going to go in there and run the show.

333
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And maybe that's why gold's going up. I hate to

334
00:18:57,759 --> 00:19:02,720
like try to attach news events to gold other than

335
00:19:02,759 --> 00:19:05,640
when something really bad happens and it shoots up one

336
00:19:05,680 --> 00:19:09,440
hundred dollars announce then you know, but the normal flood,

337
00:19:09,519 --> 00:19:13,000
day to day fluctuations. It's like trying to say why

338
00:19:13,039 --> 00:19:16,640
the stock market went up, Right, Well, I went down today?

339
00:19:16,680 --> 00:19:20,440
Speaker 1: You know, it's pointless, right, but here and it is

340
00:19:20,519 --> 00:19:22,759
you know, today's rally a lot with China. You know,

341
00:19:22,759 --> 00:19:25,519
we got smashed for fifty dollars in gold back in

342
00:19:25,640 --> 00:19:28,720
June when China announced they were stopping for a little while.

343
00:19:29,720 --> 00:19:32,000
So then back on Saturday morning, they announced that they

344
00:19:32,000 --> 00:19:34,720
were going to six new metric tons that they're acquiring.

345
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So part of it's that a lot of today's rally

346
00:19:38,680 --> 00:19:42,519
is this this policy stance, formal policy stance. It's been

347
00:19:42,559 --> 00:19:46,880
announced by the PBOC. All commodities hire coppers up a

348
00:19:46,880 --> 00:19:49,279
couple percent. I mean, my entire commodity board on my

349
00:19:49,319 --> 00:19:53,720
screen is green. Yeah, So all those are are pretty

350
00:19:53,960 --> 00:19:58,200
positive fundamental factors that are that are pushing us up today. Well,

351
00:19:58,319 --> 00:20:03,079
you know, again, the geopolitical stuff is going to continue

352
00:20:03,119 --> 00:20:07,359
to be first and foremost on everybody's mind, as you know,

353
00:20:08,279 --> 00:20:13,319
until Trump gets elected probably, but even after that, and

354
00:20:13,400 --> 00:20:15,680
we're still going to have troubles everywhere, you know, Middle

355
00:20:15,720 --> 00:20:20,640
East and Eastern Europe and the rest. Gold continues to

356
00:20:20,720 --> 00:20:25,839
be viewed as a safe haven no matter what the

357
00:20:25,920 --> 00:20:29,319
bitcoin maximust want to spin it. I had no problem

358
00:20:29,400 --> 00:20:31,559
own them both. I've owned both. I bought bitcoin six

359
00:20:31,640 --> 00:20:35,880
hundred bucks about eight years ago. I wish i'd bought more.

360
00:20:36,079 --> 00:20:40,119
I wish had bought it at a six dollars, But

361
00:20:40,440 --> 00:20:43,359
nonetheless I think they both. Why it has to always

362
00:20:43,400 --> 00:20:46,240
be presented is one or the other I don't understand.

363
00:20:47,160 --> 00:20:53,200
But nonetheless, whatever, I think there's right future ahead for both,

364
00:20:53,440 --> 00:20:56,920
and twenty twenty five should continue the trends we've seen

365
00:20:56,920 --> 00:20:57,319
this year.

366
00:20:58,119 --> 00:21:01,359
Speaker 4: And yeah, we were amiss if we didn't mention the

367
00:21:01,440 --> 00:21:05,839
fact that bitcoin broke one hundred k, right, I don't

368
00:21:05,880 --> 00:21:09,039
know what it's selling it at this particular moment.

369
00:21:09,039 --> 00:21:10,960
Speaker 1: Ninety eight, ninety seven something like that.

370
00:21:11,240 --> 00:21:17,000
Speaker 4: Yeah, it's pretty close to one hundred k, you know,

371
00:21:18,079 --> 00:21:20,680
I think it continues to go up. I think one

372
00:21:20,799 --> 00:21:24,440
fifty one thirty five to one fifty is kind of

373
00:21:24,480 --> 00:21:27,680
what I'm expecting, you know, once it breaks out of

374
00:21:27,720 --> 00:21:28,920
whatever it's in now.

375
00:21:29,720 --> 00:21:35,200
Speaker 2: But it's obvious that it's got a lot more to

376
00:21:35,240 --> 00:21:35,920
go here, you know.

377
00:21:36,119 --> 00:21:39,720
Speaker 1: Yeah, well, target, when we started this talking about math,

378
00:21:40,240 --> 00:21:44,279
you can talk about math there too. What a nineteen

379
00:21:44,559 --> 00:21:46,799
million big coin or whatever it is have been mined,

380
00:21:46,799 --> 00:21:48,440
but the most they're ever going to mine is twenty

381
00:21:48,440 --> 00:21:48,960
one million.

382
00:21:49,000 --> 00:21:49,079
Speaker 4: What.

383
00:21:49,160 --> 00:21:51,279
Speaker 1: I'm not a big bitcoin pert. I don't know what

384
00:21:51,319 --> 00:21:53,319
the exact numbers are. We Once I figured that out

385
00:21:53,359 --> 00:21:55,960
in twenty sixteen, I went wait, a second, this is

386
00:21:56,039 --> 00:21:59,680
just supply and demand. You know, supply is fixed if

387
00:22:00,240 --> 00:22:04,759
and then dwindling the future supply while demand is increasing

388
00:22:04,799 --> 00:22:08,799
over time. How does this not work? Yeah, and so

389
00:22:08,920 --> 00:22:11,079
I was fortunate I figured that out when I did.

390
00:22:11,759 --> 00:22:13,480
But again I don't I did. That's the thing. I

391
00:22:13,480 --> 00:22:18,400
don't see them as opposite ideas, and they're both just alternative.

392
00:22:18,400 --> 00:22:21,960
Gets your money out of fiat, yeah, as that continues

393
00:22:22,000 --> 00:22:25,640
to be devalued versus everything and move it into something else,

394
00:22:25,720 --> 00:22:28,079
And that's they both provide that that role.

395
00:22:28,279 --> 00:22:28,720
Speaker 2: Yeah.

396
00:22:28,839 --> 00:22:33,119
Speaker 4: Yeah, And look, I think if the government, really the

397
00:22:33,160 --> 00:22:35,599
governments of the world really wanted to shut it down,

398
00:22:35,759 --> 00:22:38,640
or the US government wanted to shut it down, it

399
00:22:38,680 --> 00:22:42,160
would have been gone already. We can speculate as to why.

400
00:22:42,599 --> 00:22:45,799
But they could block every bitcoin node and you would

401
00:22:45,839 --> 00:22:48,519
never be able to find out again what price it

402
00:22:48,559 --> 00:22:50,519
would be selling for. And that would be the end

403
00:22:51,000 --> 00:22:55,000
because once there's no because bitcoin is all about price discovery, right,

404
00:22:55,359 --> 00:22:58,799
you instantly can find out what it's worth any moment

405
00:22:58,839 --> 00:23:01,079
of the day. Whether that price it's true or not,

406
00:23:01,519 --> 00:23:04,240
we could debate that, but at least you can find

407
00:23:04,240 --> 00:23:08,240
out the theoretical price of it, and where you not

408
00:23:08,359 --> 00:23:12,279
be able to do that, that would kill it for good.

409
00:23:12,079 --> 00:23:16,400
But now Trump is pro crypto. We didn't even talk

410
00:23:16,440 --> 00:23:20,279
about in He appointed a czar in charge of AI

411
00:23:21,079 --> 00:23:22,079
and crypto.

412
00:23:22,599 --> 00:23:26,000
Speaker 2: You know, that's look pretty wild. Who would think?

413
00:23:26,680 --> 00:23:31,640
Speaker 1: Yeah, And it's forward looking, you know, And that's where

414
00:23:31,680 --> 00:23:33,720
we need to be in twenty twenty four, that's for sure.

415
00:23:34,319 --> 00:23:39,079
Speaker 4: And yet he's adamant about not allowing a cb DC, right.

416
00:23:40,359 --> 00:23:44,400
Speaker 1: Let's hope. So those are the kind of things that

417
00:23:45,079 --> 00:23:46,880
keep me up at night. You know that there has

418
00:23:46,960 --> 00:23:51,039
been this war on physical cash for about as long

419
00:23:51,079 --> 00:23:54,759
as I've had my website, and that is something Remember,

420
00:23:54,799 --> 00:23:56,000
that's a war we have to win.

421
00:23:57,480 --> 00:24:01,440
Speaker 4: Remember I wrote an article many years ago called Operation

422
00:24:01,640 --> 00:24:06,279
Dirty Money, where they weren't even they weren't even replacing

423
00:24:06,319 --> 00:24:11,799
the Warren bills in circulation during Obama's time. And my

424
00:24:11,960 --> 00:24:16,279
friend who had an ATM business in hotels in Florida

425
00:24:16,319 --> 00:24:21,039
here actually sold the business because he was getting jam

426
00:24:21,119 --> 00:24:23,160
ups all the time and he'd be away and his

427
00:24:23,200 --> 00:24:26,519
wife would have to go to the ATM with thirty

428
00:24:26,559 --> 00:24:29,319
forty k in cash. She didn't want to do it.

429
00:24:29,880 --> 00:24:33,640
And you know they couldn't. They could not get clean

430
00:24:33,720 --> 00:24:38,480
bills now that problem for whatever reason, remedied it remedied itself.

431
00:24:38,839 --> 00:24:40,519
Speaker 2: I have no idea why it happened.

432
00:24:40,920 --> 00:24:45,119
Speaker 4: I have no idea why it was solved, other than

433
00:24:45,160 --> 00:24:49,079
the fact that they don't want you carrying cash.

434
00:24:49,400 --> 00:24:52,480
Speaker 1: Yeah, and physical metal fits in that category.

435
00:24:52,519 --> 00:24:52,680
Speaker 4: Two.

436
00:24:53,119 --> 00:24:54,720
Speaker 1: I mean, you know, I mean, we've talked about this

437
00:24:55,039 --> 00:24:57,079
multiple times over the years. I reck, you only don

438
00:24:57,119 --> 00:25:02,079
understand if your net worth and financial well being can

439
00:25:02,119 --> 00:25:04,880
be reduced to nothing but a string of zeros and ones,

440
00:25:06,279 --> 00:25:09,039
it can be canceled and taken from you in a keystroke.

441
00:25:10,359 --> 00:25:12,279
So you know, when they sit there and say, oh,

442
00:25:12,400 --> 00:25:15,160
you don't need cash, and really the only people that

443
00:25:15,319 --> 00:25:18,359
use cash or bitcoin is elicit you know, things like

444
00:25:18,359 --> 00:25:22,200
bookies and drug dealers and money laundering and stuff like that.

445
00:25:22,200 --> 00:25:25,559
That's their excuse for trying to take you know, actual

446
00:25:25,599 --> 00:25:27,920
alternatives out of your hands. Don't let them. And this

447
00:25:28,039 --> 00:25:30,079
is that's the most long term, that's the most important

448
00:25:30,079 --> 00:25:30,880
war we got to fight.

449
00:25:32,200 --> 00:25:36,319
Speaker 4: It's so true enough, like it just I went to

450
00:25:36,359 --> 00:25:38,839
Europe like a couple of weeks ago to visit my son,

451
00:25:39,519 --> 00:25:42,119
and you know, I carried X amount of cash. I

452
00:25:42,160 --> 00:25:44,039
don't like to say how much cash I carried, but

453
00:25:44,119 --> 00:25:48,160
more than I usually would. And Craig, it's the first

454
00:25:48,200 --> 00:25:52,640
time I ever went overseas and never changed money, because

455
00:25:53,160 --> 00:25:55,359
it's like you just use your card. You don't even

456
00:25:55,440 --> 00:25:58,759
use your card, you use your use your iPhone and

457
00:25:58,960 --> 00:26:02,599
you just scan it and you know it didn't matter

458
00:26:02,640 --> 00:26:05,519
where it was. Now you go to Thailand, they're twenty

459
00:26:05,599 --> 00:26:06,680
thirty years behind.

460
00:26:06,880 --> 00:26:08,200
Speaker 2: You have to use cash.

461
00:26:08,519 --> 00:26:13,000
Speaker 4: Germany big on cash certain societies, but I was in

462
00:26:13,079 --> 00:26:17,359
Sweden and Denmark. No cash to be seen in those

463
00:26:17,400 --> 00:26:22,960
countries and that idea. So they've basically gotten for convenience.

464
00:26:23,720 --> 00:26:25,519
They've gotten everybody to give it up.

465
00:26:25,599 --> 00:26:26,400
Speaker 2: Right. Yep.

466
00:26:27,119 --> 00:26:29,519
Speaker 1: Again, there's a reason why I was written in the

467
00:26:29,599 --> 00:26:33,200
US Constitution the gold and silver our money, because that

468
00:26:33,400 --> 00:26:38,559
is they still part of your personal freedom. Now is

469
00:26:38,599 --> 00:26:41,240
this something that again I keep referring to it as

470
00:26:41,240 --> 00:26:44,279
a battle and a fight, but it is. And the

471
00:26:44,359 --> 00:26:47,079
more people that understand that, the better chance we have

472
00:26:47,079 --> 00:26:47,559
of winning.

473
00:26:47,960 --> 00:26:49,839
Speaker 4: Totally agree with you, man, I think we'll leave it

474
00:26:49,880 --> 00:26:53,680
at that. Make sure you go over to tfnetalsreport dot com.

475
00:26:54,079 --> 00:26:57,519
For a little more than the price of a latte,

476
00:26:58,279 --> 00:27:01,279
you can subscribe. Even if you don't subscribe, you'll get

477
00:27:01,319 --> 00:27:05,720
the regular newsletters. But the forum is really worth it

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because Creig, you have some of the brightest subscribers of

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any site I've ever seen.

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Speaker 1: Thank you. Yeah, you know, I was just just looking

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through the weekend thread of comments on my Friday podcast,

482
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the stuff that there's a couple of people on there say,

483
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how do you people talking about about me, talking about

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the other members of the site. How do you be

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00:27:24,400 --> 00:27:26,359
more time to find all this information?

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Speaker 4: Uh?

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00:27:28,119 --> 00:27:31,480
Speaker 1: Yeah, it's that's really important, and especially you know at

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00:27:31,480 --> 00:27:34,880
a time like this, you need as much information as

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you can get. Man. Yes, if this election and everything

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00:27:38,920 --> 00:27:41,599
in the run up to it taughtch anything, you need

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00:27:41,640 --> 00:27:43,599
to be out there thinking for yourself. You just can't

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00:27:43,640 --> 00:27:46,960
be swallowing what the mainstream media or the mainstream financial

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media try to tell you. You got to be thinking

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for yourself. You're gonna left hold in the bag.

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Speaker 4: I could not agree with you. Mar Hey, you've got

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a question for Craig myself. Email kl at carrie Lets

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dot com. Link to craig site is in the show

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00:28:00,640 --> 00:28:05,279
noteses interview on Financial Survival Network dot com. And make

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00:28:05,279 --> 00:28:08,480
sure you sign up for your free newsletter. We've got

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00:28:08,559 --> 00:28:12,680
over sixty thousand people subscribe now can believe it this point,

501
00:28:12,759 --> 00:28:16,880
going from literally zero but over fourteen years. People get

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00:28:16,920 --> 00:28:21,000
the word out and Craig, we'll talk to you again soon, Happy, healthy,

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00:28:21,279 --> 00:28:22,160
merry Christmas.

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Speaker 2: Talk to you after the first.

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Speaker 1: Right back at you, my friend, all the best.

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Speaker 3: Thanks for listening to Carrie Letz's Financial Survival Network, your

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00:28:29,880 --> 00:28:33,720
solution to today's trying times. For the latest, go to

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00:28:33,880 --> 00:28:38,240
Financial Survivalnetwork dot com. Financial Survival Network

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00:28:38,559 --> 00:28:40,279
Speaker 1: Now more than ever,