[00:00:06] [SPEAKER_02]: show because all opinions matter and George Soros will pay good money for them. The show starts now.
[00:00:14] [SPEAKER_01]: A government can't control the economy without controlling people and they know when a government
[00:00:19] [SPEAKER_01]: sets out to do that it must use force and coercion to achieve its purpose somewhere a perversion has
[00:00:25] [SPEAKER_01]: taken place our natural unalienable rights are now considered to be a dispensation of government
[00:00:31] [SPEAKER_01]: and freedom has never been so fragile so close to slipping from our grasp as it is at this moment.
[00:00:37] [SPEAKER_07]: You demonize and then you we call it the wrap-up smear if you want to talk politics call it the wrap-up
[00:00:43] [SPEAKER_07]: smear you smear somebody with falsehoods and all the rest and then you merchandise it and then you write
[00:00:51] [SPEAKER_07]: it and they'll say see it's reported in the press that this this this and this so they have that
[00:00:57] [SPEAKER_07]: validation that the press reported the smear and then it's called the wrap-up smear now i'm going to
[00:01:03] [SPEAKER_07]: merchandise the press's report on the smear that we made and it's it's a tactic and it's it's self-evident
[00:01:11] [SPEAKER_08]: this is pelosi talking about how to smear somebody while weaponizing the press against them and
[00:01:20] [SPEAKER_08]: and you can just say what you want i mean wouldn't you be proud proud to be that party right now yucky
[00:01:28] [SPEAKER_08]: ew uh anyway welcome back last hour and of course uh on a tuesday and milty's out uh and of course i've
[00:01:36] [SPEAKER_08]: got mel madison joining me and i'm so happy to have mel we have so much to talk about he's bringing a lot
[00:01:41] [SPEAKER_08]: to the table today uh followed by patrick burns so how are philip patrick i'm sorry how are you
[00:01:48] [SPEAKER_04]: i'm doing well and thanks for having me as usual i appreciate it you betcha and of course melmadison.com
[00:01:55] [SPEAKER_08]: get the book it's quads you'll love it um it's a it's a fantastic read and i'll tell you what let's
[00:02:01] [SPEAKER_08]: start with because we're having to witness this showcase of weirdos tell me just baffling that they
[00:02:10] [SPEAKER_08]: are american i don't know where's the american in there somewhere in there i don't know i don't think
[00:02:14] [SPEAKER_08]: it's there um let's talk about uh uh uh uh communism let's talk about what her uh actual policies are her
[00:02:23] [SPEAKER_04]: what she has in mind yeah definitely and you know we could maybe start with some specifics and then
[00:02:30] [SPEAKER_04]: go a little bigger picture but everybody's probably heard a little bit about her discussion of price
[00:02:37] [SPEAKER_04]: gauging which she she couldn't even pronounce the word price gouging correctly when she announced this
[00:02:42] [SPEAKER_04]: in raleigh by the way which is down the road from me north carolina um sorry i missed that event
[00:02:47] [SPEAKER_04]: unfortunately but um you know she's saying that grocery stores grocery chains are i've been involved in
[00:02:53] [SPEAKER_04]: this price gouging and massive marking up of food prices and she's going to come in and stop these
[00:02:59] [SPEAKER_04]: uh greed flation of the corporations and i thought i'm going to go back and i'm going to actually look
[00:03:03] [SPEAKER_04]: at the profit margins of the country's largest grocers over time and it was very interesting so
[00:03:10] [SPEAKER_04]: the two biggest grocery sellers in the united states are walmart and kroger and kroger is a grocery
[00:03:15] [SPEAKER_04]: chain if it's not in your area it might operate under another name like harris teeter
[00:03:19] [SPEAKER_04]: um you know there's a lot of kroger's and kroger affiliates and then of course walmart so walmart
[00:03:26] [SPEAKER_04]: their profit margin in july of 2020 so near the end of the trump presidency was 4.7 percent and just last
[00:03:35] [SPEAKER_04]: quarter it was 2.66 percent so essentially walmart's profit margins have been cut in half since the biden's
[00:03:43] [SPEAKER_04]: and harris uh ticket came into power uh you look at kroger it's a similar situation they've averaged
[00:03:50] [SPEAKER_04]: around two uh two percent the last five years and they're running right around two percent right now
[00:03:56] [SPEAKER_04]: and i think what's important is to put these profit margins into perspective because they are so low
[00:04:03] [SPEAKER_04]: relative to pretty much every other business in the united states um nvidia which makes computer chips for ai
[00:04:11] [SPEAKER_04]: their profit margin last quarter was 78.35 percent so when you're comparing 78 percent verse 2 for kroger
[00:04:21] [SPEAKER_04]: and they're saying that's what's causing the inflation it's such a lie to the american people and it's an
[00:04:27] [SPEAKER_04]: insult to our intelligence it is for them to try to convince us that the reason we're paying so much
[00:04:32] [SPEAKER_04]: for groceries is because kroger is gouging us on their profit margins i am so glad you brought this to
[00:04:39] [SPEAKER_08]: people's attention uh so a two just over a two percent profit with one profit margin with walmart
[00:04:46] [SPEAKER_04]: yeah walmart and kroger walmart has averaged around two percent um they went from 4.7 percent in july of
[00:04:54] [SPEAKER_04]: 2020 they were uh actually in the first quarter of 2021 when joe biden took office it dropped from 4.7 to
[00:05:02] [SPEAKER_04]: negative 1.4 profit margin kroger had uh in the first quarter of the biden administration so you could
[00:05:09] [SPEAKER_04]: see that there's no profit or price gouging going on here um just the other thing with
[00:05:15] [SPEAKER_08]: go ahead sorry just a whole lot of targeted lies because they always it's oppositeville it's always
[00:05:20] [SPEAKER_08]: oppositeville so if they're saying that we're being gouged in our grocery prices that means we're not
[00:05:25] [SPEAKER_04]: just exactly and that yeah oh what i was gonna say and that actually goes completely away from
[00:05:32] [SPEAKER_04]: you know the whole point of why prices need to float and fluctuate so we did have a big spike in
[00:05:39] [SPEAKER_04]: egg prices a few years ago and i remember seeing news stories about people putting chickens in their
[00:05:44] [SPEAKER_04]: backyard about um you know people deciding that they were going to go with maybe substitute type products
[00:05:51] [SPEAKER_04]: and then what else happened was that egg producers started to realize we can produce more eggs because
[00:05:57] [SPEAKER_04]: the prices are higher and it started coming back onto the shelves and maybe egg prices are not where
[00:06:02] [SPEAKER_04]: they were four years ago they certainly aren't but eventually any egg shortages or that whole issue get
[00:06:08] [SPEAKER_04]: gets solved because people are motivated by the price to adjust it in a free market economy once you start
[00:06:14] [SPEAKER_04]: saying okay egg prices are going to be stuck at x y or z it's inevitable it's going to be like the soviet
[00:06:21] [SPEAKER_04]: union people are going to start hoarding eggs uh the people who produce eggs are not going to be
[00:06:25] [SPEAKER_04]: incentivized to produce more because they're not making any money on it they're losing money on eggs
[00:06:30] [SPEAKER_04]: so they start producing less eggs it it just starts a spiral that goes out and out of control in every
[00:06:36] [SPEAKER_04]: single one of her policies whether it's 25 000 for uh down payment on a home whether it's more um you
[00:06:44] [SPEAKER_04]: know expand the earned income tax credits expand the child tax all these policies are just at the same
[00:06:49] [SPEAKER_04]: time both incredibly inflationary and they have the opposite effects of what they're intended to do they
[00:06:55] [SPEAKER_04]: don't reduce home prices by giving people 25 000 to spend on a home they increase home prices that's
[00:07:01] [SPEAKER_08]: economics 101 so true i'm so glad you brought this up all right keep going because it's so informative
[00:07:07] [SPEAKER_04]: i'm loving it i'm loving it well well what i do is i start looking at all this and i start taking
[00:07:13] [SPEAKER_04]: a step back at just all of the policies in their totality the the these harris biden
[00:07:20] [SPEAKER_04]: policies whether it's an open border whether it's stopping us from producing energy whether it's
[00:07:26] [SPEAKER_04]: cutting down on fracking it's all of these economic policies and it's just i can't help but be reminded
[00:07:33] [SPEAKER_04]: that our adversaries in the past have inserted agents at the highest level of various government
[00:07:40] [SPEAKER_04]: departments people that are serving in roles like undersecretary of the department of treasury
[00:07:46] [SPEAKER_04]: have been soviet agents in the past that have influenced major american policies the best
[00:07:53] [SPEAKER_04]: example of this is a guy named harry dexter white who was the undersecretary of the treasury
[00:07:59] [SPEAKER_04]: for franklin roosevelt who was his his administration was notoriously filled with communist and socialist
[00:08:05] [SPEAKER_04]: agents um you know this was a guy who got payoffs he didn't want money from the soviet union so they
[00:08:11] [SPEAKER_04]: gave him things like um finely woven oriental rugs i mean it just all kinds of of craziness involved and
[00:08:19] [SPEAKER_04]: this is all very well documented and he essentially influenced united states policy in the 19 late 1930s
[00:08:25] [SPEAKER_04]: early 40s to be very aggressive towards japan because the soviet unions wanted to lure japan to
[00:08:32] [SPEAKER_04]: fight the united states instead of turning their armies towards the soviet union which was their initial
[00:08:38] [SPEAKER_04]: um thought pre uh pearl harbor and so what i'm i'm starting to believe is that we might have a
[00:08:46] [SPEAKER_04]: government that is completely infiltrated by foreign actors at very high levels whether it's the communist
[00:08:52] [SPEAKER_04]: party of china uh the so the former soviet union now russia um iran any of these adversaries when you
[00:09:00] [SPEAKER_04]: look at their policies towards you know the palestinians you know israel uh the ukraine like
[00:09:06] [SPEAKER_04]: you start to wonder these policies are so bad for the american people is it not that they're stupid
[00:09:13] [SPEAKER_04]: which obviously some of these people are but it is it that people in charge of american policy are
[00:09:18] [SPEAKER_08]: actually foreign agents that's interesting i know milty would agree uh if he were here i think that he
[00:09:24] [SPEAKER_08]: felt like china kind of took took us over a long time ago uh without us really realizing it i think they
[00:09:30] [SPEAKER_08]: can be homegrown here i think that with we have enough brainwashing now um and people gravitate toward the
[00:09:36] [SPEAKER_08]: victimhood so they really love the victimhood status of when they when they adhere themselves to
[00:09:41] [SPEAKER_08]: victimhood it's i think it's super easy to get even more brainwashed to become what you're talking
[00:09:47] [SPEAKER_08]: about but i also think yes you could have people uh outside interests as well um coming in sure i think
[00:09:54] [SPEAKER_08]: that's been going on a long time in our nation a long long time it's just kind of like the um the
[00:10:00] [SPEAKER_08]: communist crusade they they put on hollywood remember all the attention was mostly on hollywood a little bit on
[00:10:06] [SPEAKER_08]: politics but mostly on hollywood kind of interesting that they focused it there um because it was going
[00:10:12] [SPEAKER_08]: on 100 going on but they turned the attention to hollywood in the 50s right 40s no exactly yeah
[00:10:20] [SPEAKER_04]: don't don't focus on where it really matters you know maybe like in the government which
[00:10:25] [SPEAKER_04]: and so let's let's look at a hollywood actor and go after you know these hollywood unions or whatever
[00:10:32] [SPEAKER_04]: it is and act like we're doing something about it but in reality the real problem the real cancer
[00:10:37] [SPEAKER_04]: is lying elsewhere and it's continuing to go on and you're absolutely right this has been going
[00:10:42] [SPEAKER_04]: it's been going on you know since the beginning right i mean the british had uh tory agents in
[00:10:47] [SPEAKER_04]: in the revolutionary camps benedict arnold i mean we we have to be aware that it's not
[00:10:53] [SPEAKER_04]: it's part of the problem i guess you're right it's like yes on the one hand there's this self-brainwashing
[00:10:57] [SPEAKER_04]: the propaganda there's the big money interest the deep economic state that i love to talk about
[00:11:03] [SPEAKER_04]: but i think we also have to recognize there's a very good chance that that foreign agents have really
[00:11:09] [SPEAKER_04]: taken control of various members of congress i mean we just saw senator resign because of egyptian
[00:11:13] [SPEAKER_04]: foreign control we had that congressman that was dating a chinese mistress um that was a secret agent
[00:11:20] [SPEAKER_04]: for for for the chinese communist party so we know it's happening got a lot i think we're just
[00:11:25] [SPEAKER_08]: underestimating it intelligence agents running for office and in office right now which is
[00:11:30] [SPEAKER_08]: really alarming people should be very alarmed by that that's not a a comfy cozy oh he must love
[00:11:36] [SPEAKER_08]: america no uh-uh not not at all in fact it's the opposite and what i what i've noticed about this this
[00:11:41] [SPEAKER_08]: group too um doesn't it seem like this because i'm watching this dnc and i'm i'm i'm looking at this
[00:11:48] [SPEAKER_08]: as they don't even like our country they don't want our country they want it to be everybody else they
[00:11:54] [SPEAKER_08]: they want pieces of all these other countries instead of america and they want a car that
[00:11:58] [SPEAKER_08]: doesn't work they want a body that doesn't work they want an education that doesn't work i mean
[00:12:04] [SPEAKER_08]: everything doesn't work and they're still running around going aren't we gray we have all of this
[00:12:10] [SPEAKER_04]: it doesn't work yeah it doesn't work it doesn't take into account human nature and that's the other
[00:12:16] [SPEAKER_04]: problem with these quick fix giveaways is what you're doing is you're getting to a point where the
[00:12:22] [SPEAKER_04]: person who's got to work hard to make 60 70 000 a year right starts to realize you know what i'm
[00:12:29] [SPEAKER_04]: better off if i don't work because then i can collect unemployment then i can get all these tax breaks
[00:12:34] [SPEAKER_04]: yeah then i can get food stamps then i don't have to pay taxes and then i don't have to do x y and z
[00:12:40] [SPEAKER_04]: i don't have to pay daycare and then they're they're not working and not only do you have a car
[00:12:44] [SPEAKER_08]: that doesn't work a body that doesn't work in education the system doesn't work you don't work
[00:12:48] [SPEAKER_08]: it's like you don't have to go to work anymore yeah amazing living off everyone else be right back
[00:12:54] [SPEAKER_00]: kdaly show don't let those guys our country is literally 34 trillion dollars in debt biden
[00:13:05] [SPEAKER_00]: inflation is only making it significantly worse the fed just keeps on printing money the printers
[00:13:10] [SPEAKER_00]: are running 24 7 it means your costs go up and your quality of life goes down so like i always say
[00:13:18] [SPEAKER_00]: i want you to be prepared don't just bury your head in the sand actually do something diversify a
[00:13:24] [SPEAKER_00]: portion of your savings into gold with the birch gold group gold is your hedge against inflation and
[00:13:30] [SPEAKER_00]: birch makes it easy to own they'll take you through the process step by step minute by minute they'll
[00:13:36] [SPEAKER_00]: answer all of your questions so you can educate yourself not just buy blind educate yourself and help
[00:13:41] [SPEAKER_00]: you convert an existing ira or even a 401k into an ira in gold and you won't pay a penny out of pocket
[00:13:50] [SPEAKER_08]: okay that's important right tax and penalty free to learn more text 98 98 98 and then just text my name
[00:13:58] [SPEAKER_08]: kate k-a-t-e how simple is that you've got your phone in your hand do it right now you can get the info
[00:14:03] [SPEAKER_08]: kit you can share it with loved ones i'm telling you this is worth it or i wouldn't tell you to do it
[00:14:08] [SPEAKER_08]: make sure that you've at least got the information so you can make a good solid decision on this
[00:14:12] [SPEAKER_08]: and text 98 98 98 and text my name kate this is the kate dally show oh so glad you're listening
[00:14:33] [SPEAKER_08]: on a tuesday i've got mel madison always a fun show with mel and uh let me just tell you this is so
[00:14:39] [SPEAKER_08]: fascinating uh mel and mel it you know what you're just you're you're hitting on all cylinders you're
[00:14:45] [SPEAKER_08]: you're you're getting it right birch gold actually came out with an article that talked about
[00:14:50] [SPEAKER_08]: um experts are targeting three thousand dollars next for gold and you had mentioned this on last
[00:14:57] [SPEAKER_08]: week's show that it was going to jump it was going to jump and a lot of people agreeing with you it's
[00:15:01] [SPEAKER_08]: in for a big jump so amazing so thank you i love all the work that you do well you know what i'm not
[00:15:07] [SPEAKER_04]: always that on target but it was literally the day or the day after gold jumped fifty dollars in one day
[00:15:14] [SPEAKER_04]: and um it was just the way the charts were lining up i'd mentioned that it looked like there'd been
[00:15:19] [SPEAKER_04]: this consolidation since the spring between around 23 2500 and it looked like it clearly wanted to go
[00:15:27] [SPEAKER_04]: above 2500 and that's what it did last week that's a big breakout for gold and uh first time ever in
[00:15:34] [SPEAKER_04]: spot gold market over 2500 and right now gold futures are sitting they got close to 2600 today on gold
[00:15:41] [SPEAKER_04]: futures they got 2570 and pulled back a little bit so it's looking ready to go and 3000 gold by the end of
[00:15:49] [SPEAKER_04]: the year or something i think i've been saying for six months since i came on right i've been calling
[00:15:53] [SPEAKER_04]: for three thousand dollar gold and surprisingly i've also been calling for six thousand on the s p 500
[00:15:59] [SPEAKER_04]: um even during all that craziness two weeks ago i was saying look we have the central banks that you
[00:16:07] [SPEAKER_04]: know they're just pumping the system full of money uh the federal government with all their fiscal
[00:16:12] [SPEAKER_04]: spending their uh you know infrastructure acts we're just flooding the system with dollars right
[00:16:18] [SPEAKER_04]: now and anytime there's a hiccup it just bounces right back that's what it's done and i think you
[00:16:24] [SPEAKER_04]: know what what we're seeing today and this is really telling is you know the dollar is really falling
[00:16:31] [SPEAKER_04]: against other currencies it's at a 13 month low against the pound we're just seeing this dollar
[00:16:36] [SPEAKER_04]: weakness and and it happens to coincide with once the betting markets um i hate to say it but the betting
[00:16:43] [SPEAKER_04]: markets are now favoring kamala to win in november and so when we had peak trump um uh gonna win the
[00:16:53] [SPEAKER_04]: election that was july 16th that was before uh all of the the yen collapse in japan and all of this
[00:17:01] [SPEAKER_04]: craziness and we had a relatively kind of stronger dollar and then once people started thinking
[00:17:06] [SPEAKER_04]: maybe it's not going to be trump you've just seen this dollar weakness accelerate and so all of that
[00:17:11] [SPEAKER_04]: is bullish for gold and i think no matter who gets in it's bullish for gold because we have these
[00:17:17] [SPEAKER_04]: structural inflationary problems in place that nobody can fix uh in a four-year period it's just going to
[00:17:24] [SPEAKER_04]: happen okay interesting fascinating and natural gas natural gas has this is just part of the craziness
[00:17:33] [SPEAKER_04]: that we're living in where this week the wall street journal comes out with an article glut of natural
[00:17:39] [SPEAKER_04]: gas forcing drillers to dial it back again and natural gas a couple years ago is trading close to nine
[00:17:46] [SPEAKER_04]: dollars per million btu that's the way they categorize it british thermal unit is what it stands for but you
[00:17:53] [SPEAKER_04]: can think about natural gas is at nine now it's at two two dollars and natural gas most of it doesn't go
[00:18:00] [SPEAKER_04]: for heating stoves that's a very small amount of it um of you know your your your gas range in your house
[00:18:07] [SPEAKER_04]: most of it goes to power plants so this this is for electrical supply and yet we're having electric
[00:18:14] [SPEAKER_04]: prices go up why because we have so much energy we don't know what to do with it but we don't have
[00:18:19] [SPEAKER_04]: the power plants to use it because they won't let anybody build a fossil fuel power plant even though
[00:18:25] [SPEAKER_04]: american natural gas is the cleanest most dependable source of energy on the planet they want us to
[00:18:31] [SPEAKER_04]: build windmills and put uh you know lord knows what offshore that dolphins and whales can run into
[00:18:38] [SPEAKER_04]: so that we can have sporadic power that costs a million dollars to generate so it's just part of
[00:18:43] [SPEAKER_04]: this craziness the green new scam that we have gas drillers shutting down rigs because there's just too
[00:18:50] [SPEAKER_04]: much energy and nowhere to put it because we don't have the power plants being built thanks to
[00:18:55] [SPEAKER_08]: regulations in washington dc and they're over there celebrating what a great job they're doing
[00:19:02] [SPEAKER_08]: you can't make that up you can't make it up i mean everything nothing works yeah and i love their their
[00:19:08] [SPEAKER_04]: day one stuff when they've been talking about the biden harris administration for three and a half years
[00:19:12] [SPEAKER_04]: i mean they've had three and a half years to do any of these things right and i mean that that
[00:19:17] [SPEAKER_04]: they don't want to have everything both ways yeah because it's that they're the puppetry of those
[00:19:22] [SPEAKER_08]: that do not want anything to work so of course they're the face of that and and they'll readily
[00:19:28] [SPEAKER_08]: take orders and they have for years and um they like being the puppetry they've all profited nicely
[00:19:33] [SPEAKER_08]: off of it so um we're going to come uh right back we're going to talk a little bit about what's going
[00:19:38] [SPEAKER_08]: on with wyoming um digitally this is this is crazy you're going to want to listen to this i'll be right
[00:19:45] [SPEAKER_08]: back with mel madison melmadison.com actually is the website and uh whoops and you're listening to
[00:19:52] [SPEAKER_08]: kdallyradio.com melmadison.com is his website book is quads be right back
[00:19:59] [SPEAKER_08]: hey everybody i want you to know what's going on that's new over at activatefiq.com
[00:20:15] [SPEAKER_08]: activatefiq.com this is the supplement company where the things actually the things that they
[00:20:20] [SPEAKER_08]: produce actually absorb into your body and i love that and that's why i talk about this company don't
[00:20:25] [SPEAKER_08]: buy over-the-counter junk buy go to uh activatefiq.com and put in the code kate they have a new
[00:20:32] [SPEAKER_08]: magnesium iq um they've also got a copper iq cream this is now available i'm really excited about this
[00:20:39] [SPEAKER_08]: and i i can't wait to get mine actually so i wanted to tell you about this because this restores nerve
[00:20:44] [SPEAKER_08]: connections heals wounds enhances collagen all kinds of things um it's an awesome product copper
[00:20:49] [SPEAKER_08]: iq cream they also have a new histamine um which is all natural a gut iq that's rich in minerals
[00:20:56] [SPEAKER_08]: nutrients that kickstart your immune system gut you know we always talk about gut health on the show too
[00:21:01] [SPEAKER_08]: when we have certain scientists or certain doctors on this is incredible anti-inflammatory
[00:21:07] [SPEAKER_08]: turmeric this gut iq has in it it's amazing and they also have a new bone broth a bone
[00:21:14] [SPEAKER_08]: broth product that you can take uh instead of drinking bone broth they actually have a new
[00:21:18] [SPEAKER_08]: supplement there are so many neat things going on i've had morley robbins on the show many times
[00:21:23] [SPEAKER_08]: and everyone loves him when he comes on cure your fatigue is what he wrote and he is behind activate
[00:21:28] [SPEAKER_08]: fiq.com and i'm telling you their their newest products the sleep one is amazing too get your sleep and
[00:21:34] [SPEAKER_08]: don't get zonked out the next day right um but you're going to get some savings when you put in the code
[00:21:38] [SPEAKER_08]: kate go to activate fiq.com and take some supplements that are actually going to work
[00:21:43] [SPEAKER_08]: in your body and absorb that are worth the money right it's worth the money um and the their
[00:21:50] [SPEAKER_08]: their prices are actually amazing so there you go active this is the kate daly show you're listening
[00:22:08] [SPEAKER_08]: to the kate daly show guest is uh mel madison uh comes on tuesdays and so grateful for him and uh boy
[00:22:16] [SPEAKER_08]: you need to really listen to what he's about to say because you know how we've been warning about this
[00:22:21] [SPEAKER_08]: and warning about this and warning about this all right mel um you got to take it from here and
[00:22:25] [SPEAKER_04]: talk about wyoming what they're doing yeah so this week there's a lot going on around our financial
[00:22:33] [SPEAKER_04]: and monetary system in wyoming we have the federal reserve meeting in jackson hole this week
[00:22:39] [SPEAKER_04]: and concurrently also in jackson hole at the four seasons hotel they're holding a blockchain
[00:22:44] [SPEAKER_04]: symposium and wyoming has basically been ground zero for cryptocurrency uh the senator there senator
[00:22:53] [SPEAKER_04]: loomis was the one who sponsored the bitcoin bill to to put bitcoin into a strategic reserve
[00:22:58] [SPEAKER_04]: and now what they're discussing there part of what they're discussing there is something called the
[00:23:03] [SPEAKER_04]: wyoming stable token act which was the nation's first law enacted to put in place uh not a central bank
[00:23:12] [SPEAKER_04]: but a government-controlled digital currency um this one being controlled by the state of wyoming
[00:23:17] [SPEAKER_04]: uh it was actually passed into law last year and it established a commission to figure out how to do this
[00:23:24] [SPEAKER_04]: and now now what they're doing is they're laying the groundwork to put in this wyoming stable token
[00:23:30] [SPEAKER_04]: and for what what this would be really briefly is it would be like a u.s dollar but a cryptocurrency
[00:23:36] [SPEAKER_04]: where they would have of course access to transaction level detail
[00:23:40] [SPEAKER_04]: they'd have the ability to turn it on to turn it off they'd have programmability of it so they could
[00:23:46] [SPEAKER_04]: program you know different interest rates on it for different types of people that the government
[00:23:51] [SPEAKER_04]: favors or doesn't favor there's all types of you know nefarious uh uses for these coins and and
[00:23:57] [SPEAKER_04]: that's why the governments you know really want to get them in but there's been such pushback against
[00:24:02] [SPEAKER_04]: the federal reserve and the central bank one now we're starting to see individual states like wyoming come
[00:24:07] [SPEAKER_04]: out and talk about it and uh you know it's scary stuff and it just it just goes to show they won't
[00:24:13] [SPEAKER_04]: let this issue die they they're desperately wanting to get their digital control of of our money
[00:24:20] [SPEAKER_08]: it's just depressing it really is it's it's it's the horror of it like this is this is the first state
[00:24:27] [SPEAKER_04]: to do this right exactly and wyoming has a history of this type of stuff um you know i mentioned the the
[00:24:34] [SPEAKER_04]: the senator there calls herself the crypto senator um and wyoming why this is going on
[00:24:42] [SPEAKER_04]: is obviously because she's controlled if not by the communist party but by her donors and wyoming is
[00:24:48] [SPEAKER_04]: dominated by billionaires you know it's called the cowboy state it ought to be called the crypto
[00:24:53] [SPEAKER_04]: billionaire state because this is who's buying those multi-million dollar ranches near jackson hole
[00:24:59] [SPEAKER_04]: this is who's funding and and if you think about it it makes sense for them right let's go into the
[00:25:05] [SPEAKER_04]: least populated state in the lower 48 right where it only takes a few votes to swing elections where you
[00:25:13] [SPEAKER_04]: have less people voting than you do in you know a chicago mayoral race i mean and we can control a
[00:25:19] [SPEAKER_04]: whole state and we can we can buy you know i mean you look at the cheneys you know you i mean you look
[00:25:25] [SPEAKER_04]: at how they do this and and they're smart about it too because they're like we can't do it in a
[00:25:29] [SPEAKER_04]: liberal state we do it in a republican state people won't question it people will think this is red white
[00:25:34] [SPEAKER_04]: and blue america here um the cowboy state and and and yet why is the federal reserve there right now
[00:25:41] [SPEAKER_04]: why is the blockchain symposium happening right now why is the wyoming senator the crypto queen why are
[00:25:47] [SPEAKER_04]: they introducing the bitcoin act why do are they the first state to put in a digital currency because
[00:25:53] [SPEAKER_04]: they are bought and paid for by financial services they also were the state that created the llc the
[00:25:59] [SPEAKER_04]: limited liability they've been trying to attract all the big money from california new york across the
[00:26:05] [SPEAKER_04]: globe really into wyoming wyoming has become not a narco state but a financial state it's controlled by
[00:26:12] [SPEAKER_04]: the big financial interests and a lot of people just think it's a bunch of cowboys on ranches
[00:26:17] [SPEAKER_08]: and i couldn't be further from the truth like it's scarcely uh populated and and you know it is it is
[00:26:23] [SPEAKER_08]: quiet i mean they're very quiet about it they're very quiet about being up there they're very quiet
[00:26:27] [SPEAKER_08]: about these meetings and most people don't point them out and i found even in conservative talk we do
[00:26:33] [SPEAKER_08]: not point this out that that is kind of the hub for that you know you've got delaware and you've got
[00:26:38] [SPEAKER_04]: wyoming and they're just not discussed a ton right yeah exactly and they manipulate the state system
[00:26:46] [SPEAKER_04]: to because think about how easy it is to control a state like wyoming i mean you you don't have to
[00:26:52] [SPEAKER_04]: spend a lot of money to influence local and statewide elections there you can influence statewide election
[00:26:58] [SPEAKER_04]: there's for pennies you know a billionaire can throw a hundred million at an election there and
[00:27:03] [SPEAKER_04]: pretty much guarantee their candidate's going to win and and so they they're very sneaky they're very
[00:27:09] [SPEAKER_04]: smart and they do things in unexpected ways and the last place people would think would be the impetus
[00:27:16] [SPEAKER_04]: of like deep economic state digital warfare would be a state like wyoming but we keep seeing it time
[00:27:22] [SPEAKER_04]: and time again it's all coming out of wyoming and we're going to see other states follow pretty quick
[00:27:27] [SPEAKER_04]: here aren't we yeah i mean once one state does it then the other states say well we got to do it or
[00:27:34] [SPEAKER_04]: we're going to lose our revenue um just like now i believe it's all 50 states allow you to create
[00:27:40] [SPEAKER_04]: llcs you know wyoming started it certain tax advantages and then once one state does it they all do it so i
[00:27:46] [SPEAKER_04]: think they're just realizing like you put stuff through on a state level and you don't need to have
[00:27:52] [SPEAKER_04]: this big national debate you don't have to get congress to agree you just move it through the state
[00:27:56] [SPEAKER_04]: legislatures and you know wyoming it's it's got a huge area but i mean population is literally 50th
[00:28:04] [SPEAKER_04]: alaska past wyoming it's got only 576 000 people in the entire state you want it's easier to i mean
[00:28:14] [SPEAKER_04]: there are more people that live in durham county north carolina where i am right now than in that
[00:28:18] [SPEAKER_04]: entire state it's it's it's like controlling a corrupt city government it but it's got all the powers of
[00:28:24] [SPEAKER_08]: the state oh man man you know we knew we were going to start seeing it though and and of course
[00:28:30] [SPEAKER_08]: they'd go quiet with it uh they have to you're right otherwise there'd be a national conversation
[00:28:35] [SPEAKER_08]: whenever they want to pass legislation through a bill through what they do is they get about 20
[00:28:39] [SPEAKER_08]: these groups reach out to about 20 states and make it look like the local politicians are coming up with
[00:28:46] [SPEAKER_08]: these bills and they pass it the first 20 right or the first 15 and they get a stronghold and then
[00:28:52] [SPEAKER_08]: the other states roll and accept the legislation but it's coming from groups it's never it's not
[00:28:57] [SPEAKER_08]: coming from these politicians it's always a group it's always a think tank but they do it that way so
[00:29:03] [SPEAKER_08]: that you're right there's no national attention you know and the states already feel like uh oh we must
[00:29:11] [SPEAKER_08]: be the only state doing this and always go look because you'll probably find 15 to 20 other states
[00:29:16] [SPEAKER_08]: just happens that it's you know this magician trick and they're able to to get them in at the
[00:29:22] [SPEAKER_08]: same time so that no one's talking about it right because if you think it's only in your state it's
[00:29:26] [SPEAKER_08]: not going to become a big conversation on a radio show right on national radio show um but do it 20
[00:29:32] [SPEAKER_08]: states at one time and you're good to go with the rest crazy yeah exactly and it's not even it's
[00:29:38] [SPEAKER_04]: obviously i'm not saying anything about the people of wyoming or the or the actual ranchers and cowboys
[00:29:43] [SPEAKER_04]: there or even the people that live there because these people they they live there for these for
[00:29:47] [SPEAKER_04]: these type of financial benefits that they're accruing you have people like christy walton you know the
[00:29:52] [SPEAKER_04]: widow of uh john walton the the son of walmart's founder yeah amy weiss daughter of swiss tycoon i mean
[00:29:58] [SPEAKER_04]: you can go in and google like why wyoming is a hub for billionaires and like it's it's just a
[00:30:06] [SPEAKER_04]: ridiculous amount of billionaires in wyoming on a per capita basis you have a state with 500 000
[00:30:11] [SPEAKER_04]: people and you have you know the walmart's the mars families you know the people that found a td
[00:30:16] [SPEAKER_04]: ameritrade the ricketts family you know you you the list goes on and on that some of the wealthiest
[00:30:22] [SPEAKER_04]: and most privileged people choose to establish residence in wyoming and then they use their
[00:30:26] [SPEAKER_04]: money to control the political aspects especially i believe at the at the senate level um with uh yeah
[00:30:33] [SPEAKER_04]: with cynthia loomis their their crypto senator you know you brought up walmart and this is really off
[00:30:38] [SPEAKER_08]: topic but it's so amazing to me that they put forth a huge pride ad campaign that it was it was
[00:30:46] [SPEAKER_08]: really reminiscent of target target backed off a little bit this last year because of the of the
[00:30:51] [SPEAKER_08]: people just boycotting it but walmart jumped in to fill the void and i wonder if people are noticing
[00:30:58] [SPEAKER_08]: that the that walmart walmart is like the bad actor i swear they were the ones during uh covet that got
[00:31:04] [SPEAKER_08]: preferential treatment they were you know below vid the lie um and it's amazing to me what they've
[00:31:10] [SPEAKER_08]: become because i don't think they were they were they started out um anything like what they are today
[00:31:16] [SPEAKER_08]: but i so thank you i so thank you for coming on mel melmadison.com and the book is quaz go get the book
[00:31:22] [SPEAKER_08]: and uh great stuff today and scary stuff because of wyoming and what they're doing right now that
[00:31:28] [SPEAKER_08]: really honestly should um should be today's top news that they're that they're doing that not the dnc
[00:31:34] [SPEAKER_08]: who cares about the weirdo train but that that is big news because of what's about to roll out thank
[00:31:39] [SPEAKER_08]: you so much mel melmadison.com and of course um i'll be right back with philip patrick you're
[00:31:46] [SPEAKER_08]: going to want to hear this it's got some great insights coming up bait fiq.com this is the
[00:32:05] [SPEAKER_08]: kate daly of course uh i've got the great uh philip patrick with me and so glad he is a precious
[00:32:15] [SPEAKER_08]: metals expert from birch gold love birch gold jordan peterson loves birch gold ron paul loves birch gold
[00:32:21] [SPEAKER_08]: um all these megan kelly everybody you name it i is there anyone that doesn't love them because i'm
[00:32:28] [SPEAKER_08]: pretty sure everybody everybody loves them uh birch gold is amazing and i talk about him all the time
[00:32:33] [SPEAKER_08]: for a reason uh philip patrick is on with me and and boy we have a lot to talk about i philip welcome to
[00:32:39] [SPEAKER_08]: the program thank you so much kate you betcha okay let's start with uh let's start with your
[00:32:46] [SPEAKER_05]: thoughts on gold because it looks like it's going up it it it is going up it looks like it's going up
[00:32:53] [SPEAKER_05]: it is going up we're up about 22 a little over for the year so far gold has hit over 2500 an ounce and
[00:33:02] [SPEAKER_05]: it's continuing to increase almost on a monthly basis we expect that to continue with a lot of
[00:33:07] [SPEAKER_05]: volatility in front of us so it's a it's a good time for birch gold's customers amazing uh kamala har
[00:33:14] [SPEAKER_08]: harris i call her hormala now and again um announcing her um communism which is communism but it kamala style
[00:33:22] [SPEAKER_08]: with a lot of giggling and marijuana but anyways what do you what can you tell us about
[00:33:27] [SPEAKER_08]: her platform from an economic perspective
[00:33:31] [SPEAKER_05]: i mean platform would be uh would be a strong word it's a fairly skimpy economic platform at best but
[00:33:39] [SPEAKER_05]: it currently has three planks so number one which is the most hilarious she wants to fight inflation
[00:33:47] [SPEAKER_05]: with price controls now she didn't brand them as price controls instead she called it uh corporate price
[00:33:55] [SPEAKER_05]: gauging she meant price gouging but of course said gauging doesn't even understand the issue but
[00:34:02] [SPEAKER_05]: basically the idea is to try and turn the federal trade commission into the profits police and go after
[00:34:09] [SPEAKER_05]: companies that they determine are making excessive uh profits and for some reason she's focused on
[00:34:16] [SPEAKER_05]: aggressively investigating price fixing specifically in meat supply chains which i thought was a little
[00:34:23] [SPEAKER_05]: strange but yeah here's the inconvenient truth we don't have price controls because they distort markets
[00:34:31] [SPEAKER_05]: price controls do not work they have never worked they just disincentivize corporations and leads to
[00:34:38] [SPEAKER_05]: shortages we've tried it in the past ask well nixon we can't ask him but nixon knows or knew
[00:34:44] [SPEAKER_05]: ask the ussr right they've never worked in history secondly and this is why it gets even more bizarre
[00:34:51] [SPEAKER_05]: uh they want to fight affordable home prices by giving 25 000 to new home buyers um here's the spoiler
[00:35:00] [SPEAKER_05]: alert giving out free money doesn't make prices go down if they haven't learned that over the last four
[00:35:05] [SPEAKER_05]: years i don't know when they will right uh number three sorry more free money right families a six
[00:35:14] [SPEAKER_05]: thousand dollar tax credit for newborns restoring a thirty six hundred dollar per child credit basically
[00:35:21] [SPEAKER_05]: they haven't realized after four years that the reason we have high prices is massive deficit spending
[00:35:28] [SPEAKER_05]: and for me this is just a desperate attempt to buy votes it is not an economic policy oh i'm so with you
[00:35:34] [SPEAKER_08]: i mentioned previously in the hour uh it seems like they're dead set on a car that doesn't work a body
[00:35:39] [SPEAKER_08]: that doesn't work an education that doesn't work and they don't want to have to work so we're gonna
[00:35:44] [SPEAKER_08]: it's the it's the craziest thing i mean i you know i i i'm surprised that grown adults can't see this but
[00:35:51] [SPEAKER_08]: wow um but i love i love your uh insights on this and yes i mean it's free money meaning it's coming out
[00:35:57] [SPEAKER_08]: of somebody's pocket so it's it's disgusting um all right i so as far as jamie diamond and uh returning to
[00:36:05] [SPEAKER_08]: the reds uh the feds uh two percent target what are your thoughts yeah he came out and he said he
[00:36:11] [SPEAKER_05]: was skeptical that inflation would return to to the feds target and we've spoken before about maybe
[00:36:17] [SPEAKER_05]: central banks sort of revising targets upwards in a world of just higher inflation but i agree with
[00:36:24] [SPEAKER_05]: it he's certainly right about the inflationary forces we're facing we have an administration
[00:36:28] [SPEAKER_05]: that's hell bent on deficit spending we've now got the costs of re-militarizing the world in
[00:36:34] [SPEAKER_05]: in preparation for a new cold war now diamond said that the feds would likely cut rates soon
[00:36:41] [SPEAKER_05]: and i think he's right we'll get probably a quarter point in september then maybe another in december but
[00:36:46] [SPEAKER_05]: i thought this was the most interesting thing he said i don't think it matters as much as people think
[00:36:53] [SPEAKER_05]: he's been warning for more than a year that inflation is going to be much stickier than officials expect
[00:36:58] [SPEAKER_05]: and i think his concern is that it's going to be the slowdown in inflation that's transitory or short
[00:37:05] [SPEAKER_05]: lived not inflation itself i think it'll be rearing its head in the near future oh okay great insight
[00:37:12] [SPEAKER_08]: there um and also i know a lot of people ask me in email um that hey i you know is this is this real can
[00:37:21] [SPEAKER_08]: i really protect my savings my my uh retirement how how can i do it what you know what did it what is
[00:37:29] [SPEAKER_05]: it about that and and is it real can you really do it it is real they can really do it we have
[00:37:36] [SPEAKER_05]: thousands of customers happy customers that are actively really doing it at the moment and it's not
[00:37:43] [SPEAKER_05]: as complicated as people think it starts with staying informed right watching shows like yours that
[00:37:50] [SPEAKER_05]: keep people informed with real information because with real information you can provide real solutions
[00:37:55] [SPEAKER_05]: but think about what we're talking about we're talking about global economic problem it's not
[00:38:00] [SPEAKER_05]: just a slowdown here in the us it's germany the whole eurozone the uk japan china they're all in
[00:38:07] [SPEAKER_05]: recession and it's because the world is dealing with a massive debt overhang really since the pandemic
[00:38:12] [SPEAKER_05]: pandemic now there's a reason central banks over the last two and a half years have bought more gold
[00:38:18] [SPEAKER_05]: than any other years in history governments around the world are hedging their bets with physical gold
[00:38:24] [SPEAKER_05]: because it's just about the only financial asset that cannot be devalued it cannot be defaulted on
[00:38:30] [SPEAKER_05]: even goldman sachs their analysts came out recently and reported that long positions on gold now offer
[00:38:37] [SPEAKER_05]: portfolios the greatest hedging value and they're right look at the problems inflation currency devaluation
[00:38:44] [SPEAKER_05]: gold grows in those climates and is therefore the best way for individuals as well as governments and
[00:38:52] [SPEAKER_05]: institutions to protect balance sheets or buying power so it is real it just takes action and the
[00:38:59] [SPEAKER_05]: ability to be preemptive and we still have that hurtling through the air oh my gosh all right one minute
[00:39:06] [SPEAKER_05]: left anything else you want to leave people with philip look that's that's that's pressure on on on one
[00:39:15] [SPEAKER_05]: minute but um okay i think sort of restating the point right look people are very much focusing on the
[00:39:22] [SPEAKER_05]: election i think the election is important because we need to change the trajectory but what it doesn't do
[00:39:28] [SPEAKER_05]: is undo the problems we're still have can i have 35 trillion dollars of debt we still have a world running away from the us dollar and i think it's
[00:39:38] [SPEAKER_05]: being preemptive making preparations to ensure that there are portions not all but portions of our
[00:39:44] [SPEAKER_05]: portfolio that are working to hedge and to protect against the problem so start with information that's
[00:39:50] [SPEAKER_05]: what we push at birch we got a lot of free information for your viewers for your listeners and um that's what
[00:39:56] [SPEAKER_08]: i would suggest it's amazing i really really love what you guys are doing for people and uh it's so easy
[00:40:01] [SPEAKER_08]: to work with you guys too and i get back so many compliments uh philip patrick thank you so much and
[00:40:06] [SPEAKER_08]: text 98 98 98 text my name kate that's all you need to do they're going to send you the free info kit you're
[00:40:12] [SPEAKER_08]: going to love it because it's information that you can peruse and then also find out how to protect your
[00:40:17] [SPEAKER_08]: savings how to protect your retirement all the money you've got just hanging out there and i really appreciate you
[00:40:22] [SPEAKER_08]: thank you so much uh philip patrick for coming on and i will be here tomorrow of course i'll see you
[00:40:28] [SPEAKER_08]: tomorrow be faithful be fearless go to kate dally radio.com over 26 million served on podcast of this
[00:40:34] [SPEAKER_08]: here live show and of course share the show on social media and share this uh podcast as well
[00:40:40] [SPEAKER_08]: and of course see you tomorrow