THE BIG MIG SHOW
APRIL 11, 2025
EPISODE 526- 1PM
Core CPI Inflation in the US just fell below 3.0% for the first time since March 2021
March CPI inflation FALLS to 2.4%, below expectations of 2.5%.
Core CPI inflation FALLS to 2.8%, below expectations of 3.0%.
Strong safe-haven demand sees gold surge as stocks struggle
Please be sure to click the THUMBs UP button when you check in!
HELP SUPPORT OUR SPONSORS,
Genesis Gold Group, Empowering Faith-Driven Stewardship https://thebigmiggold.com https://prepperbar.com
Unveiling the Hidden Cause: The Facts About Detoxifying & Alleviating Inflammation
Use Code Big Mig: https://www.mineralking.life
Original Glory Beer https://wefunder.com/originalbrands https://www.drinkoriginalbrands.com
FOLLOW US:
LINKTREE: https://linktr.ee/GeorgeBalloutine
LINKTREE: https://linktr.ee/LanceMigliaccio
RUMBLE: https://rumble.com/c/TheBigMig
X: https://x.com/TheBigMigShow
TRUTH SOCIAL: https://truthsocial.com/@TheBigMigShow
GETTR: https://gettr.com/user/TheBigMigShow
WEBSITE: http://thebigmig.com/
_______________________________________________
SUPPORT US:
00:00:26
The. The welcome back to the big big
00:01:00
show Global finance Forum, the number one finance show on
00:01:04
Rumble, I might point out, of course, powered.
00:01:11
And they stay there and they say, yeah, yo, exactly.
00:01:17
So I'm feeling all we do is win on this show.
00:01:19
Of course, powered by Genesis Gold Group, of course.
00:01:23
Jonathan Rosary joins us today. Myself, Lance Miliaggio and
00:01:26
George Valentin from bullion to borders, you know, this is your
00:01:29
go to source for cutting edge insights into the world of
00:01:32
finance. And of course, Genesis Gold
00:01:34
Group believes in empowering faith driven stewardship, or
00:01:37
gold and silver are an integral part of a diversified and
00:01:41
balanced portfolio. Protecting your finances with
00:01:44
precious metals has never been more crucial, of course.
00:01:47
Join us as we explore the forces shaping global markets, the
00:01:50
power of precious metal, metals, digital assets, and the dynamics
00:01:54
that influence economies across the globe.
00:01:57
I'm excited to be here. That's right, we are the number
00:01:59
One Financial on Rumble. It's always exciting to find
00:02:03
something out that you're doing, something that people have in
00:02:05
high demand. If you're tuning in for the
00:02:07
first time, you'll find out why. If you're one of our seasoned
00:02:10
watchers or subscribers, thank you for doing it.
00:02:13
And don't forget, if you like the show, hit the thumbs up, the
00:02:15
comment, the share button. And don't forget.
00:02:17
You can also join us as a paid subscription.
00:02:20
It's only $5 a month. Or you can do a your a regular
00:02:23
subscription. We know it's a tough economy.
00:02:24
We want you to focus on taking care of your families.
00:02:26
But of course, all that money goes back into the show.
00:02:29
Jonathan Rose back in the saddle, Sir.
00:02:34
Wait a minute, wait a minute, wait a minute.
00:02:36
I'm getting ready to sing. Break me off a piece of that
00:02:40
prepper bar. Came ready today well.
00:02:44
You know, come on, talk about that.
00:02:46
Everybody's on board with this. The 62.2g prepper bar
00:02:50
perforated, easily broken down in your choice of three
00:02:52
different denominations. Take control of your finances.
00:02:55
Diversify your portfolio. This baby fits a multitude of
00:02:59
needs, whether it be for asset protection from inflation,
00:03:01
economic turmoil, or its unique utility for barter and trade.
00:03:04
Available in gold and silver, Minded Mitten did it in the US.
00:03:08
The digital dollar's coming. We've told you this over and
00:03:10
over again on a regular show. We tell you this on the Crypto
00:03:12
Power Hour. Block chains here to stay.
00:03:14
And with it, of course, the government gains colder control
00:03:17
over your money. You want to be in a position
00:03:19
that just in case you can't get to your digital dollars, just in
00:03:22
case your credit cards aren't working, you've got a way to pay
00:03:25
for items that you need. Countries are hacking into our
00:03:28
financial system right now, crippling the US dollar in a way
00:03:31
that'll make your accounts vanish.
00:03:33
You've seen it. You've heard it.
00:03:34
Frozen, wiped out. Monitoring.
00:03:36
Control. The government's solution.
00:03:37
More control, more surveillance. The prepper bar is your perfect
00:03:41
solution. Again, mind admitted.
00:03:43
In the US, the counterfeiting, as these prices continue to
00:03:46
escalate, is gonna get even bigger and bigger.
00:03:48
You know that if you jumped into these, we've been with Genesis
00:03:51
Go for over a year now. Had you gotten in earlier, you'd
00:03:54
be thanking us right now. I still tell you it's an
00:03:57
incredible opportunity. Go to thebigmigbar.com.
00:04:00
All caps, prepper. PREPPER.
00:04:03
That'll get you 5% off on the silver and 10% off on the gold.
00:04:06
You want to act now while that discount's going on?
00:04:09
Of course. Prepper, all caps, 10% off on
00:04:12
the silver, 5% off of the gold. bigmigbar.com.
00:04:14
I'm telling you right now, these babies are a necessary part of
00:04:18
any diversified portfolio. Of course, you know, on this
00:04:22
show we talk about everything. Bullion, borders, bricks, Wall
00:04:27
Street, it's all included. It's a great way to catch up on
00:04:30
the end of the week. We got to start off with
00:04:32
inflation. I mean, I know tariffs in the
00:04:34
big news. We're definitely going to be
00:04:35
talking about tariffs. But let's go back into
00:04:37
inflation. Finally, we're seeing some
00:04:40
numbers that make people smile. Just fell below 3% for the first
00:04:44
time since March of 2021. Maybe the effects of the Biden
00:04:48
administration are finally starting to recede like a dirty
00:04:53
cesspool of toilet water. Is it going back into the sewer?
00:04:57
That's what I want to know. Jonathan, what do you think
00:04:58
about these inflation numbers? Yeah.
00:05:01
I mean, they're kind of numbers on a sheet.
00:05:03
But if you're speaking to the general public and their
00:05:06
sentiment of things becoming more expensive or less
00:05:10
expensive, I think you'll probably have a counter argument
00:05:13
on their hands there. And I think to kind of see a
00:05:16
little bit of reprieve, whether it's at the gas pump or the
00:05:19
grocery store, I think we're gonna have to wait for a little
00:05:22
bit of a trickle effect because I think with what's happening
00:05:25
globally, I actually think we're going to end up with with a
00:05:29
higher core inflation rate. So I guess time will tell and
00:05:32
and we'll see if I'm correct on that.
00:05:34
But I'm not seeing any any, any prices coming down at grocery
00:05:38
stores or consumer goods right now.
00:05:40
In fact, I'd probably say it's the opposite.
00:05:42
What's your guidance? You know, it's interesting.
00:05:44
I'm seeing prices come down at the grocery store.
00:05:46
You know, I do my own shopping. I also do my mom's shopping.
00:05:49
Clearly eggs are down. You can get two dozen over to
00:05:52
Costco now for under 9 bucks and they're actually the organic
00:05:55
free range ones that they've been selling for that price.
00:05:58
You know, look what we're looking at is over the last
00:06:01
three months we've seen inflation drop by 90 basis
00:06:03
points. Now, just like you always say on
00:06:05
the show, short term gain, you know, short term pain, long term
00:06:08
gain, I think you're right. I think the tariffs are going to
00:06:11
have an impact, although of course, art of the deal, the
00:06:16
real strategy for tariffs may have to do with the bonds.
00:06:18
It may have to do with other things.
00:06:20
I think there's a lot of layers. I think it's 5D chess.
00:06:23
The bond market just broke a 90 day tariff pause.
00:06:27
And you've seen that we can throw up that chart, George.
00:06:29
This chart kind of shows what's been going on with that, what's
00:06:32
kind of happened with the bond market.
00:06:33
Now, of course, we know that China's dumping U.S.
00:06:36
Treasuries right now. They've been dumping them in
00:06:38
retaliation to these tariffs. I think it was overdue.
00:06:42
We had to get into this trade deficit issue sooner than later.
00:06:47
Biden wasn't capable of fixing it.
00:06:49
Donald Trump was an end. So we only had to wait it out.
00:06:52
Now he's back in. Of course, he's going to focus
00:06:54
on this. Do I believe it's going to
00:06:56
impact our? Yeah, of course.
00:06:57
I think price is going to go up. But I also think that Trump has
00:07:00
got a plan for the American people to have generational
00:07:03
wealth. I do believe, and I know this
00:07:05
first hand, I'm going to give up a little tip here to our
00:07:08
audience behind the scenes. The discussion is to get rid of
00:07:11
the federal income tax. He wants to get rid of it.
00:07:14
He's trying to figure out a solution.
00:07:16
Our country was founded. The framers actually planned on
00:07:19
this country being run on nothing but porch duties and
00:07:22
tariffs. So getting back to that and
00:07:24
getting rid of this, you know, this unfair, you know, tariffing
00:07:28
1 sided relationship. I think it's really important,
00:07:31
George. I think this means that, you
00:07:32
know, of course the trade war could continue because rates are
00:07:36
falling. But I, you know, I think this is
00:07:37
important. I think we had to have this kind
00:07:39
of a strategy. If you don't want to get into a
00:07:41
kinetic event, you have to use economic solutions.
00:07:44
Well, you know, it just came out not too long ago, I think
00:07:48
yesterday in the afternoon that President Trump is actually
00:07:51
considering the leading Chinese these public company shares from
00:07:54
the US exchanges. Ouch.
00:07:56
And now you like you have the cumulative tariffs on on China.
00:07:59
They're at 145%. I should keep it going.
00:08:01
But you know, prior to April 2nd, the reciprocal tariffs
00:08:05
there were the 10 year 10 year yield note was falling in a
00:08:09
straight line lower, you know, and that's telling us like the
00:08:13
trade war would continue. Rates were falling how it but
00:08:16
however, this is something different guys.
00:08:19
The trade, the basis trade unwound due to volatility.
00:08:24
You know, gold, we like volatility.
00:08:25
The 10 year note yield surged 65 basis points to 4.5%.
00:08:32
I'm going to put up the chart like John did.
00:08:33
This is, I mean, we're going to get into the gold part of this,
00:08:36
but Trump knows what he's doing. I think he's the man like he we
00:08:44
have to take on China. It's well overdue in order for
00:08:47
our economy to flourish. We allow them to flourish and
00:08:52
look what they're building, building a big army.
00:08:54
They're they're second in GDP, right behind us.
00:08:59
And we got it. We have to stop it in order for
00:09:00
us to survive in this world. Yeah, I think this graph is
00:09:07
like, if you haven't seen the the 10 year yield note right
00:09:10
now, it's it's, you know, super high and people move into
00:09:14
yields, you know, when they're they're scared of and they want
00:09:18
to move out of the US dollar. So, you know, there's a lot of
00:09:22
volatility and people not trusting in US currency right
00:09:25
now, especially whilst these, you know, trade wars are going
00:09:28
on. And you know what, Lance?
00:09:29
You know why I think inflation maybe doesn't hit me as much as
00:09:32
it hits you guys. I live in Los Angeles.
00:09:35
They just they just want to nickel and dimers put up an in
00:09:37
fact, they released another tax the other day.
00:09:39
They raised taxes on us and no wonder why I never feel any re
00:09:43
private the pump or these grocery stores.
00:09:45
It's just like might. Might be time to to rethink that
00:09:49
domicile residency is on the table.
00:09:52
Many people are leaving California because the taxation
00:09:54
is so excessive. People don't like the over
00:09:56
politicized governor and how he seems to think that everybody
00:10:00
except the people of California matter.
00:10:03
You know, so you got, I guess you always have to look at that
00:10:05
nowadays. Taxation is such an important
00:10:07
part of any strategy when it comes to your finances.
00:10:10
But, you know, Trump's made it clear that these interest rates
00:10:12
are one of his top priorities. He wants to drive them down.
00:10:14
He's talked about a 10% Max cap on credit cards, which could be
00:10:18
a windfall for the American people.
00:10:20
I do believe that the income tax is on the chopping block if he
00:10:23
can figure out a way to pay the bills in this government.
00:10:26
And, of course, he's also working on reducing the bills.
00:10:30
You know, he posted, now, let's put this up.
00:10:32
He said this would be a perfect time for Fed Chairman Jerome Cow
00:10:34
to cut interest rates. He's always late, but he could
00:10:37
now change his image quickly. Energy prices are down.
00:10:40
Interest rates are down. Inflation is down.
00:10:42
Even eggs are down 69% and jobs are up, all within two months.
00:10:45
I don't know about 69% of eggs. I don't know if I'm buying that.
00:10:48
A big win for America. Cut interest rates from him and
00:10:51
stop playing politics. There's also a dialogue behind
00:10:54
the scenes that he wants to nationalize the Federal Reserve,
00:10:58
which I have always agreed with. It's a private institution
00:11:00
currently controlled by a number of families.
00:11:02
It's, you know, nothing federal about it, nothing reserve about
00:11:05
it. I don't like the way they
00:11:06
operate. I don't like the way they take
00:11:08
the US dollar, print it, charge us full face value and then
00:11:11
charge the interest on it. It's a Fiat currency.
00:11:13
I'd love for us to get back to the gold and silver standard
00:11:16
because, you know, on this show we believe in gold.
00:11:18
So, you know, this is a big deal.
00:11:20
And the bonds are crashing at a faster rate than any stock's
00:11:23
thinking about. And they're supposed to be
00:11:25
considered the safe havens. You know, this kind of says the
00:11:28
opposite of that. Jonathan doesn't.
00:11:30
It it really does. And you talk about, you know,
00:11:32
going back on a gold standard or, you know, the bond market
00:11:36
crashing and people looking for safe harbor.
00:11:38
You can also throw in the mix, you know, Bitcoin because Larry,
00:11:41
think of BlackRock said that the way we're going right now,
00:11:45
especially with the US trade deficit, he could see the US
00:11:48
dollar being completely replaced as the world reserve currency
00:11:52
and actually replaced with Bitcoin.
00:11:54
So maybe, you know, as radical as that seems, that could also
00:11:58
be on the cards. And you know, and This is why
00:12:00
Trump's paving the way for the fundamental pillars to be set up
00:12:05
for assets like Bitcoin to be part of America's U.S.
00:12:09
Treasury balance sheet. So we can be the capital of the
00:12:13
world when it comes to digital assets.
00:12:15
So, you know, as you know, I've been a big speaker of assets
00:12:19
like gold as a safe harbor, but it looks.
00:12:21
Yeah, you mentioned great interviews on Newsmax.
00:12:23
You also wrote an article that's been really going viral on
00:12:26
Newsmax. Maybe share that with the
00:12:28
audience and filament you've been over.
00:12:30
They've you've got a lot of stuff going on.
00:12:31
Of course, many people want to hear what you have to say.
00:12:34
I don't know if it started, maybe it started with the show
00:12:36
Global Finance for wait a minute, That was the beginning.
00:12:39
You're on Newsmax. I hope you told everybody that
00:12:41
you could be seen here every Friday.
00:12:42
I'm just. Saying, well, you know what?
00:12:44
I'm I'm on this afternoon as well with Ed Henry, so I will
00:12:48
make sure we we throw in the picnic the big.
00:12:51
Global Finance Forum that you're on Friday.
00:12:53
That's great what we do to grow together.
00:12:55
We want to work together but share with the audience what's
00:12:57
been going on because you've had a lot going on.
00:12:59
Yeah. No, obviously with Block Trust
00:13:01
IRA that launched where people can invest in cryptos with us,
00:13:05
with our managed strategies. It's really been, you know, just
00:13:08
making the news and, and really just honestly, guys, just just
00:13:11
taking off. So, you know, people want to
00:13:14
know how the crypto market and Trump's tariffs, like is there
00:13:17
any correlation? How's the market reacting to
00:13:20
this? And obviously, you know,
00:13:22
tariffs, tariffs, tariffs, that's what everyone wants to
00:13:24
talk about, right? And it's the powder keg that if
00:13:27
you're, if you're a trader, a futures trader and you get up
00:13:30
and go to the bathroom, you'll, you'll, you'll come back, watch
00:13:33
your positions. You could have missed something
00:13:35
because one minute the market was up the other day, then it
00:13:37
was a reversal and then it spiked right back up again.
00:13:41
So, you know, people are watching these markets and they
00:13:44
they've got questions. People are still asking why do
00:13:47
we have these tariffs, right? You know, how's it affecting the
00:13:50
market? What would be the long case
00:13:53
scenario if we kept tariffs in play?
00:13:56
If we fix these tariffs, what comes next?
00:13:58
So it's really just been a, a discussion with a lot of
00:14:02
financial reporters that are looking for kind of the inside
00:14:06
track from a financial guy like myself off on to see where this
00:14:09
markets going and really how block trust IRA is also being
00:14:14
capitalizing on this. Because a lot of the times when
00:14:17
you see this market volatility, there's two things happening.
00:14:21
One is the retail investors are getting chewed up to pieces and
00:14:24
they're scared to open up their statements.
00:14:26
And then obviously there's people like us that that see
00:14:30
this volatility and can make people's retirement money on
00:14:33
volatility. So volatility and risk
00:14:36
necessarily doesn't have to be a bad thing.
00:14:38
It's how you manage that risk and look at that volatility.
00:14:41
Now we're not out the woods yet, right?
00:14:44
But I think like George mentioned earlier, you know,
00:14:47
when it comes to China, everyone seems to be bending the knee and
00:14:50
coming back to the table and and talking shop with President
00:14:54
Trump when it comes to tariffs. But I still think we have a long
00:14:57
way to go with what's happening in China, right?
00:15:00
Are they going to play ball? Are they going to stick this out
00:15:03
to the very end, as they said? And what's their next play?
00:15:07
Would they then try to devalue the yuan, which they probably
00:15:10
would. They probably try to devalue
00:15:12
their own currency at that point if they wanted to play play
00:15:14
hardball with us and make their consumer goods even even cheaper
00:15:19
to buy, which means that if their currency is devalued, they
00:15:22
would be putting their money elsewhere besides the dollar,
00:15:25
which actually would be very positive for assets like gold
00:15:28
and assets like Bitcoin. So there's definitely a few
00:15:31
branches that split off left and right with with these tariffs
00:15:34
right now. And again, if you're a trader
00:15:37
and you're playing the futures market, you literally don't have
00:15:40
time to get up and and move your eyes from the screen because
00:15:44
it's it's the difference from making millions or losing
00:15:46
millions. You know, and I think you just
00:15:49
nailed it, although I will tell you this from insiders we have
00:15:51
at the NFSC, which that's the new federal state of China.
00:15:54
They're the anti CCP group. They say that a lot of Chinese
00:15:58
economy is smoke and mirrors. So a Deval of the wand could
00:16:01
really put them even further shaky ground.
00:16:04
I think we're going to see that that some of what they're doing
00:16:07
is bravado. I think more of that's going to
00:16:10
come out. That's my prediction.
00:16:12
I've heard a lot of not good things about the real estate
00:16:14
market, the the commercial real estate market and residential in
00:16:19
China. We know about some of it, but
00:16:20
it's far worse than anybody thinks.
00:16:23
They've got some real financial issues.
00:16:25
That isn't the picture they portray to the public, but
00:16:28
inside, behind the scenes, that is the discussions.
00:16:30
And they're worried about this much more than say, the US is.
00:16:34
Go ahead. Well, no, it's funny you should
00:16:36
say that. I I took a poll on one of my
00:16:39
guilty pleasures that I read, which is the Daily Mail, which
00:16:42
is like a British tabloid. And I was.
00:16:44
I like the Daily Mail. Yeah, we love the Daily Mail and
00:16:47
I was reading an article about China, you know, you know, and
00:16:51
the reciprocal tariffs, etcetera.
00:16:53
But they had a box and inside the box was a questionnaire,
00:16:56
live questionnaire polling. And it said, do you think
00:16:59
China's bluffing with these charges that they want to to do
00:17:04
to America or they're going to like, you know, bend the knee or
00:17:08
you're not sure? And I put their bluffing.
00:17:10
So I'm on the same kind of mindset.
00:17:12
I think you're hold on, hold on. Listen.
00:17:15
I got to add something to this real quick and I need you guys
00:17:17
to see it. So we all know that the Chinese
00:17:19
Jean is fell to lower like since 2007 right now sort of taking
00:17:23
hit. But this is what's going to
00:17:25
happen. Let me just show this.
00:17:27
Oh, wait, one second, One second, guys.
00:17:30
Here we go. Slap Jesus, he's got that
00:17:33
nickname for a reason. Slap Jesus doesn't mess around.
00:17:35
Get him out of here. No coach.
00:17:46
In the shadows of the neck. You know, I think I think that
00:17:51
it probably is is kind of a, you know, a, a real world, yeah.
00:17:56
A real world position on what my I.
00:17:58
Didn't get to finish my story, so let me tell you quickly.
00:18:02
No, no, love it. But the poll was, are they
00:18:05
bluffing? Do they mean business or not?
00:18:07
Sure. And I said they're bluffing.
00:18:10
But it was only 33% of a poll of over 10 people said they're
00:18:15
bluffing. Everyone else was actually of
00:18:17
the mindset that no, they're, they can, they can stick it to
00:18:20
us. So it's interesting how, how you
00:18:23
know, people like you and I, Lance and George, like we, you
00:18:25
know, we think it's maybe smoke and mirrors, but the consensus
00:18:28
of the general public, I got outvoted and people were very
00:18:31
concerned about that. So just goes to show you you.
00:18:34
Know general opinion. I think the general public
00:18:37
relates the the need for China through them, through their
00:18:40
purchases on Temu, Alibaba, Aliexpress, of course, all the
00:18:44
Chinese goods that are all over Amazon.
00:18:46
And they've become very reliant on that.
00:18:49
You know, it's, it's like the mother's milk.
00:18:50
They just can't get off the Chinese tit.
00:18:52
And I think when you look at it from that perspective, you have
00:18:54
to think to yourself, you know, what is the bigger picture?
00:18:58
And for us, we go to our sources, the most accurate
00:19:01
sources we've had on whether it's Chinese military action,
00:19:04
Chinese infiltration has always been the NFSC.
00:19:07
That group, they're a lot. They really have a big presence
00:19:09
over on Getter. We know them personally.
00:19:12
So my information is coming from an actual source.
00:19:14
It's not speculation. They've told me all along that
00:19:16
China has some very complex issues within their financial,
00:19:21
you know, government that people don't know about.
00:19:25
There's, there's lots of liquidity issues and all other
00:19:27
things. And all it could take is maybe
00:19:29
that smallest push. Donald Trump's not playing.
00:19:32
A lot of people talked about this market move.
00:19:34
I think, you know, this 90 day pause had to do with the 10 year
00:19:37
treasury. George, you and I talked about
00:19:39
this on the crypto Power Hour. Let's face it, the bond market,
00:19:43
I don't fully understand it, even myself at times.
00:19:45
It's really tricky. And you know, right now he's
00:19:47
talking about the fact that it looks really beautiful.
00:19:49
It wasn't an interest rate driven rate move.
00:19:52
I think it's more than that. I think it's a bunch a much
00:19:54
bigger strategy, but he's talking about this basis trading
00:19:58
unwinding. You know, Trump knew the $800
00:20:00
billion basis trade would send the 10 year to a 5% if he did
00:20:05
not intervene. And I think he's concerned with
00:20:07
that. Of course, as a result of what
00:20:09
he did, we've now seen a a move there.
00:20:12
So what do you think? Was this more than just if
00:20:15
tariffs? Was there a real strategy behind
00:20:17
the scenes? George and then Jonathan?
00:20:21
At first when he, when I, when he first said he suspended it, I
00:20:24
was kind of mad. I was like, man, that's a sign
00:20:27
of weakness because that, you know, it was the first thought I
00:20:29
was like, but after thinking about it and then looking I, I,
00:20:33
I, it Trump's, it's called the art of the deal.
00:20:36
It's 5D chess. And he, he wants, that's what
00:20:39
he's trying to do with the bond markets.
00:20:40
He's, he's trying to get the interest rates lower.
00:20:42
Let me put up the graph for everybody.
00:20:45
But he's basically confirmed that, you know, the reason he's
00:20:49
doing this because of the bond market.
00:20:51
And another thing, like I'm going to say Trump has an ego
00:20:55
and he doesn't want to see the stock market tank, even though I
00:21:00
don't think he's really paying attention to the stock market.
00:21:02
He's really paying attention to the bond market.
00:21:04
And it's, you know, if we read if they re buy the bonds or it's
00:21:08
more money for the US. So I don't know, Jonathan, what
00:21:10
what's your take? You're you're the financial guru
00:21:13
here. Yeah, well, the, the checkmate
00:21:15
play here that he's already laid out the chess board here ages
00:21:18
ago for this is to have the Federal Reserve intervene,
00:21:23
right, and goal to slash interest rates so we can
00:21:26
refinance all of our trade deficit, which is $36 trillion
00:21:30
and growing. Because if we don't address
00:21:32
that, there is no future value in the US dollar.
00:21:35
So this ultimately big squeeze that we are seeing is, is a lead
00:21:40
up to crash the markets to have the the Fed Reserve step in so
00:21:45
we can refinance that debt, which would be the ultimate
00:21:48
checkmate move and would go down in history as one of the best
00:21:51
economic plays we've ever seen by any president.
00:21:54
So this is a a dangerous game of chess.
00:21:56
But ultimately that's that's the final move that he's looking
00:21:59
for. But I gotta add this for you
00:22:00
though. Like you know what?
00:22:02
You know, the US it's, it's volatile, and the US dollar has
00:22:05
been declining. However, central banks and
00:22:08
foreign investors are buying up even more gold.
00:22:11
Here's a chart. I know Johnson likes this one.
00:22:13
Yeah. I think George.
00:22:16
Yeah, of course, the result of basis trading collapse, that
00:22:19
safe haven demand, it's been quickly funneled into gold.
00:22:22
I know we had a dip recently. Now we're back up another $200,
00:22:26
nearly hitting that all time high, I think.
00:22:28
I don't know if we encroached it, went over it.
00:22:29
I didn't get a chance to check the chart, but this is we're
00:22:32
talking about central banks and foreign investors are continuing
00:22:35
to accumulate, of course, gold strong safe haven.
00:22:40
That demand is surging, you know, and this is going to
00:22:43
happen more and more as we see volatility.
00:22:45
Let's talk about you're the gold expert on the show.
00:22:48
It's not George and I Let's go into why gold prices are posting
00:22:51
these strong gains and where this is heading.
00:22:54
Jonathan. Yeah, absolutely.
00:22:56
Well, First off, people see the tariffs, the instability, the
00:23:01
fear sets in the retail market, you know heads to higher ground
00:23:05
from the floodwaters and and that asset for them for safety
00:23:08
is, is the yellow metal itself. So whether people are putting it
00:23:12
in their Iras or 401 KS, holding something physical that retains
00:23:16
its value whilst the dollar stands there on shaky legs makes
00:23:19
a lot of sense to the smart money out there.
00:23:22
When you look at the recent dip in the price of silver and gold,
00:23:26
that was just, it's merely a lot of these fund managers actually
00:23:29
liquidating gold positions and covering some margins that they
00:23:33
had exposures to as the market dropped.
00:23:35
So gold essentially played its role as a rainy, a rainy fund, a
00:23:40
rainy fund, a little stash to put away that they can liquidate
00:23:44
and cover their position. So I think the future looks
00:23:47
really bright for gold. I think just a couple months ago
00:23:50
you were asking me, which I've never really done before because
00:23:53
I never like to be put on the spot, Where do you see the price
00:23:56
of gold going? And I believe I was mentioning
00:24:00
like 3200 thirty $300.00. I believe I said by the end of
00:24:07
the quarter or by summertime, I'd have to go back and have a
00:24:10
look. So we're, we're we're getting
00:24:12
close 3173 as I as I speak to you today.
00:24:16
So you know, if I said 3200, I'm, I'm I'm, I'm pretty,
00:24:20
pretty, pretty close. I'll take.
00:24:22
No, I've got to tell you, you're usually spot on.
00:24:24
And I got to tell you on on the Global Finance Forum show, I've
00:24:28
got to make it clear, sometimes you have to put the proverbial
00:24:31
balls on the line. We're going to do that over and
00:24:33
over again for our our viewers, watchers and listeners because
00:24:36
of course, at the end of the day, this isn't financial
00:24:39
advice, but we want to educate you.
00:24:40
But I also want experts like yourself to give them the
00:24:43
opportunity at least for a projection.
00:24:45
Doesn't mean that I'm telling anybody to run out and do it.
00:24:47
Talk to your financial advisors, talk to the experts over Genesis
00:24:51
Gold Group. Head over there and have a
00:24:53
discussion with them about just investing your IRA.
00:24:56
I've always believed in diversification.
00:24:58
It's not because Genesis Gold Group is a sponsor of this show.
00:25:00
To hell with that. My point is that diversification
00:25:03
is a safety net. And as you get older, you have
00:25:06
to think, think about how do you protect yourself from any really
00:25:09
heavy downside risk? Doesn't matter what your
00:25:12
portfolio is. We want you to be in crypto
00:25:13
because it's generational wealth.
00:25:15
We want you to be in gold and silver because it's a hard,
00:25:17
tangible asset you can hold onto.
00:25:19
And I'm not telling you not to expose yourself to the stock
00:25:21
market. But all of that takes a level of
00:25:23
expertise. And that's why Jonathan Rose is
00:25:25
here with us. That's why we have him and why
00:25:27
he's part of this show. Yeah, please.
00:25:30
You know, I love him for sponsoring the big, big show.
00:25:32
I love him for sponsoring this show.
00:25:34
But really what it comes down to is we're trying to provide a
00:25:36
service for you guys. So when Jonathan, you know you
00:25:38
went out on a limb, are you still on the weight of 7030 for
00:25:42
portfolio silver to gold or has any of that changed in the last
00:25:45
couple of days or weeks? No, I'm still long term.
00:25:48
You know, this isn't something I'm liquidating tomorrow, next
00:25:51
year. You know, this is something I
00:25:53
will hold on to, you know, five years, you know, possibly 7, you
00:25:57
know, unless there's a time I need these reserve monies
00:26:01
liquidated and moved elsewhere. But you know, my position hasn't
00:26:04
changed. You know, gold's great.
00:26:06
You know, I think silver's the new gold that will make itself,
00:26:11
you know, I think pushed to the front here when that happens,
00:26:14
I'm not exactly sure, But I think under Trump's term, I
00:26:18
think we're going to have some very positive gains for silver.
00:26:22
And when you just look at the market as a whole, it's just
00:26:25
really a powder keg ready to kind of explode on us, right?
00:26:29
So gold and silver's never, ever going to go out of fashion.
00:26:34
And, and when you're, you know, looking at world events, whether
00:26:37
it's domestically or internationally, gold's always
00:26:40
going to have a pivotal role in a portfolio.
00:26:43
It's, it's, it's really important to, to be diverse.
00:26:46
I always say we don't have a crystal ball, but we've got a
00:26:49
pretty good road map, right? And and I think you mentioned
00:26:52
earlier about auto loans, defaulting credit card, credit
00:26:56
cards defaulting at a high rate. When you look at Social
00:26:59
Security, Medicare debt, when you look at all the problems
00:27:04
that we're facing in the future, it's like rolling a big boulder
00:27:08
up a hill. And you want to make sure that,
00:27:11
you know, we have that insurance, that protection
00:27:13
that's going to protect us against all that volatility.
00:27:16
And that's always going to make assets like gold and silver a
00:27:20
real a real winner. And if you haven't done so
00:27:23
already, now is the time I would say get, get an education 11
00:27:26
trend I have noticed is we've probably been speaking to a lot
00:27:30
more financial advisors from brokerage companies who have
00:27:33
actually called in for their clients.
00:27:35
And you know, a lot of these brokerage companies don't sell
00:27:37
gold or they'll do ETFs. And a good financial advisor or
00:27:41
planner, if they're recommending gold, they will recommend the
00:27:44
physical stuff. Not, not the paper, not the
00:27:47
paper gold, not gold mining stocks, no doubt electronically
00:27:50
traded funds. But so that's been very
00:27:52
interesting to see with the tariff wars that the financial
00:27:55
advisors and these aren't run-of-the-mill financial
00:27:58
advisors. These are financial advisors
00:28:00
that had maybe 20 year relationships with their clients
00:28:04
and they're like family members to them or they are family to
00:28:07
them. So even even FAS have been
00:28:10
calling us and and asking us for assistance in.
00:28:13
You know what I think is interesting?
00:28:15
I think the persona of gold and silver, we've seen a lot of, you
00:28:19
know, music industry artists, you know, rappers and otherwise,
00:28:23
and other people boasting about their ownership of gold and
00:28:26
silver, meaning that they'll actually hold up bars online,
00:28:30
Even some big influencers. And, you know, people over on
00:28:33
Twitch where they're showing they've got actual gold in their
00:28:37
hand and actual silver bars in their hand.
00:28:39
I think that that really even the trend there is positive for
00:28:42
gold and silver because these people are saying, hey, look,
00:28:45
I'm diversifying because I, I want to make sure I've got
00:28:47
something in my hand just in case everything goes FUBAR At
00:28:50
the end of the day, You have to think about the possibilities of
00:28:53
not having something like that. And everything does go belly up.
00:28:56
You know, listen, financial markets are volatile and at the
00:29:00
end of the day, you have to think that through before you
00:29:01
make that move. All right, listen, when we come
00:29:04
back, we're going to finish this story up, talk about how a lot
00:29:07
of people, I don't agree with them, are saying Trump blinked
00:29:09
in the global trade war stare down.
00:29:11
I don't think it's true. I know George doesn't think it's
00:29:13
true. The Global Finance Forum powered
00:29:16
by Genesis Gold Group will be right back.
00:29:18
George Ballantine, myself, Lance Maniaccio, and the number one
00:29:22
expert in bullion in my opinion, Jonathan Rose from Genesis Gold
00:29:25
Group. We'll be right back.
00:29:27
Stay tuned. American who keeps up with the
00:29:30
real news. You know by now the severity of
00:29:32
the economic issues that are plaguing our great nation.
00:29:36
My name is Jonathan Rose and I'm the CEO of Genesis Gold Group,
00:29:40
the only major faith driven company in the industry. 2024 is
00:29:44
a year full of uncertainties. With trillions of dollars in
00:29:48
national debt, inflation impacting your savings, and the
00:29:52
pivotal election year, your Peace of Mind is more valuable
00:29:55
than ever and now is the time to use physical gold and silver to
00:29:59
preserve your hard earned retirement savings with a gold
00:30:03
IRA. Call Genesis Gold Group today.
00:30:05
Our team has decades of experience helping folks just
00:30:08
like you take their first step on the path to true financial
00:30:11
freedom with a gold and silver IRA.
00:30:15
Call Genesis Gold Group today at 1-8 hundred 200 Gold for a no
00:30:18
commitment informative consultation with one of our
00:30:20
experts to find out if we. Can be a fit for you.
00:30:23
Call now at 1-800-200-4653 or visit genesisgoldgroup.com.
00:30:28
In a world of uncertainty, be prepared with silver pepper
00:30:31
bars, your ultimate hedge against political instability
00:30:35
and economic turmoil. Introducing the Silver Pepper
00:30:38
Bar crafted from pure silver and proudly made in the
00:30:43
USA, this tangible, divisible asset can come in handy even in
00:30:47
the toughest of times. Portable, perforated, and easily
00:30:50
tradable, the Silver Pepper Bar is your lifeline in times of
00:30:54
crisis. When facing inflation, currency
00:30:56
devaluation, and financial meltdown, Silver Pepper Bars
00:31:00
provide Peace of Mind. Don't wait for disaster to
00:31:03
strike. Secure your future today with
00:31:05
the exclusive Silver Pepper Bar, the only silver bar on the
00:31:09
market, divisible into three different sized pieces for
00:31:12
maximum utility, all while fitting in your wallet.
00:31:14
The smart choice for savvy investors and preppers alike.
00:31:18
With Silver Pepper Bars, you're ready for whatever tomorrow
00:31:22
brings. Hi folks, I'm here today to
00:31:24
introduce you to the Prepper Bar from prepperbar.com, the most
00:31:28
unique precious metals product we have seen in a long time.
00:31:31
These 62g bars are perforated and easily broken down into your
00:31:35
choice of three different sizes to fit a multitude of needs.
00:31:39
Whether it be from asset protection from inflation,
00:31:42
economic turmoil, or its unique utility for barter and trade,
00:31:46
the Prepper Bar makes a perfect gift for all the precious metal
00:31:50
lovers out there. Exclusively made here in the USA
00:31:53
and selling out fast. Available in both gold and
00:31:56
silver, these slim prepper bars fit neatly in your wallet and
00:31:59
their utility enables use in any situation.
00:32:02
As gold and silver prices continue to surge and top
00:32:06
economist predict upcoming shortages, now is the time to
00:32:09
secure your precious metals in the form of prepper bars.
00:32:12
Go to prepperbar.com now and place your order before supply
00:32:16
runs out and prices go up. All payment methods accepted.
00:32:20
Order your silver pepper bars now at pepperbar.com.
00:32:24
Silver pepper bars ready for whatever tomorrow brings?
00:32:27
Order now. All right, welcome back to the
00:32:39
Big Make Show Global Finance Forum that's powered by Genesis
00:32:43
Gold Group with your hosts, Lance Migliaccio, George
00:32:46
Ballantine, our Jonathan Rose had to go.
00:32:50
He has a emergency appointment. He's.
00:32:52
Going to give you the Queen's wave.
00:32:53
Gold is calling, gold is calling, so is silver.
00:32:57
But that's why you got us. But I got to give a shout out to
00:33:00
them and our sponsor with their new innovation,
00:33:05
blocktrustira.com. They are your partner in your
00:33:08
Bitcoin journey that's powered by Animus Technologies.
00:33:11
They're empowering all Americans to take control of their
00:33:14
financial future by providing secure, intelligent and
00:33:17
accessible cryptocurrency investment within the familiar
00:33:20
structure of an IRA. So in a in a world where
00:33:24
traditional retirement strategies are struggling to
00:33:27
keep pace with inflation and economic uncertainty, and you've
00:33:30
seen it this week and last week with the trade wars, the stocks
00:33:33
going up and down dumping block trust IRA offers a clear
00:33:38
alternative geared to work with individual investors to secure
00:33:42
their future financial wealth. So you if you have a four O 1,
00:33:47
four O 1 or an IRA, you could transfer it over.
00:33:49
If you don't, you want to start 1, you can do that too.
00:33:51
If you don't want to do that and just simply invest, guess what?
00:33:54
You could do that because they are your AI cryptocurrency IRA
00:33:58
platform. Their market leading management
00:34:01
with no hidden fees in their AI investments actually outperforms
00:34:04
the market. They trade over 60 different
00:34:07
crypto currencies. The rapidly accelerating
00:34:10
American retirement wealth that's at blocktrustira.com.
00:34:13
Make sure you you mentioned that the big big show sent you.
00:34:16
We appreciate it. Here's a take a screenshot QR
00:34:19
code take you right there too. You know, do I need them?
00:34:24
You want to do you want me to call for you?
00:34:25
I'll come over to your house and call help you out.
00:34:28
I'll do it. I can send Lance if you want.
00:34:30
Exactly, except except I'm a lighter eater.
00:34:33
George is going to want a full meal when he gets there.
00:34:35
He's going to want a full meal. George is a food connoisseur
00:34:38
compared to me anymore. I do like to eat, but you know.
00:34:42
Yeah, but you like to eat good food.
00:34:43
I appreciate the fact that you focus on also the quality of
00:34:46
what you eat. Dude, we've, it's been like that
00:34:48
since we were kids, you know? Yeah, a lot of people actually
00:34:51
don't know what good food is, believe it or not.
00:34:53
Not not the same, but I think you.
00:34:54
Have to. You have to be in a family that
00:34:56
cooks, and you have to be in a family that learns how to cook
00:34:58
together. I mean, I eat mostly protein and
00:35:00
vegetables at this point, but it's crazy, you know, I just
00:35:03
went to the doctor, was doing some hormone stuff and it's just
00:35:05
interesting what the impact of that is.
00:35:07
As you get older, you got to pay attention.
00:35:09
I like this, this news. I don't agree with a lot of the,
00:35:11
a lot of experts are saying that President Trump blinked in the
00:35:14
global trade war, don't agree with it.
00:35:15
They're also saying Trump can't beat the bond market.
00:35:18
I'm not sure that's right, George.
00:35:20
I don't know either, because I think this is exactly what Trump
00:35:24
wanted to do. I don't.
00:35:25
Trump doesn't care. Let me put the graphic up later
00:35:28
so we can see Trump doesn't care about the stock market.
00:35:31
I think he's made it pretty clear it's not about the stock
00:35:34
market. It's about, you know, getting
00:35:36
the Fed pal, the lowered interest rate, but also like,
00:35:39
you know, with the bond market. And he knows what exactly what
00:35:43
he's doing, I mean. Well, look what it did to gold
00:35:45
here with this 24 hour Spot gold chart you put up.
00:35:49
I mean it had an immediate impact.
00:35:50
It went up, you know, just instantly we'd seen a small dip,
00:35:53
but you know, it's high. I think it was one 3188.
00:35:56
It's creeping back up right against it at 3187.
00:36:00
I think it's going to breakthrough.
00:36:01
There's a lot of support at this level.
00:36:03
You can see by the chart. There's not there's the
00:36:05
resistance is dropping and the support at those levels is
00:36:08
continuing to grow. These gold futures, you know,
00:36:11
they have a strong overall near term technical advantage in my
00:36:15
opinion. I think the next upside
00:36:18
objective is probably 3002 O1 to maybe 3002 O3.
00:36:23
That's what I see next. And once it breaks through
00:36:25
there, I think 3150 is right around the corner, George. 3150.
00:36:31
No, I'm sorry, 3250. Oh, OK, because I was going to
00:36:34
say 3250. I think it's going to go 33
00:36:36
pretty soon. Watch.
00:36:38
I well, you know, Jonathan's predicting 33.
00:36:40
And by the way, guys, we just wanted to tell you Jonathan has
00:36:42
an interview on Newsmax. So he was tight on time today.
00:36:45
You know, he is being pulled in more and more.
00:36:47
And I think it's because of the Global Finance Forum.
00:36:49
George, it is. I think he's, yeah.
00:36:51
What it is, why what are you talking about #1 show bro just.
00:36:56
Going in on the bus because I've never been defeated in a I'll
00:37:00
stop now. Keep your hands up.
00:37:02
Exactly. But so, man, I lost my train of
00:37:06
thought there. Oh, but you know, Lance, I might
00:37:09
have to. I think we both said like what
00:37:12
the goal will be at the end of December.
00:37:13
And I think we both picked 35. I'm going to have to change
00:37:16
that. I think it's going to be higher,
00:37:17
man. I'm thinking I'm going to say
00:37:22
38. Wow.
00:37:24
Yeah, I think it's going to go. That's a.
00:37:26
Bold prediction, but I don't want to push against you because
00:37:28
I own gold, so I want to see it go up.
00:37:30
What I think is really interesting here, whoa, is that
00:37:33
I think these dips are opportunities to buy George.
00:37:35
Time out. It's not I own gold.
00:37:37
It's we own gold, OK? Yeah, exactly.
00:37:40
All right. I just want to clarify that
00:37:41
everybody, because. You know, at the end of the day,
00:37:43
you know, right now, Silver's on a dip.
00:37:45
Some people have kind of been, you know, talking to this silver
00:37:48
prices a wild ride. They've been volatile.
00:37:51
But to me this volatility is an opportunity to buy some.
00:37:54
I still see silver by the end of the year moving way up from
00:37:58
where it's at now. There is a shortage.
00:38:00
I don't think the market is, you know, really read that shortage
00:38:04
into the pricing currently. I think it's going to get worse.
00:38:07
That EV battery technology from Samsung, they have contracts now
00:38:11
with two major manufacturers. So I think we're going to see
00:38:16
silver, that's 1K of silver per EV that's needed.
00:38:20
And until they figure out a substitution for that, I think
00:38:22
this is where this is going. And there's recession fears and
00:38:26
a slowing global economy. I think, I think we're they
00:38:30
think there's going to be sapping demand.
00:38:32
I think it's going to be the exact opposite.
00:38:33
I think all the institutions, all the industry will stockpile
00:38:37
if there's any kind of a pullback.
00:38:39
Yeah, listen, Silver look, it's we always say this, I always say
00:38:44
this, you say this from throughout history, gold and
00:38:48
silver is always hold held value.
00:38:51
You can't go wrong with it. So I mean, it's secure and if
00:38:56
you want security, you pick that.
00:38:59
If you want volatility, go buy some stocks, but definitely
00:39:02
buying a dip. And I just want to bring
00:39:04
something up, Lance, because you know, people are talking about
00:39:07
like Trump did this, you know, he's he was manipulating the
00:39:11
market inside of trading, blah. Blah.
00:39:13
No, no, no, no, no, no, no, no. And I want to tell you just one
00:39:17
little reason. Before he announced he was
00:39:20
holding off the tariffs, he put a post on True Social telling
00:39:24
everybody to buy right now. Yeah, that's not.
00:39:28
He told the he told the world, yeah.
00:39:30
Everybody, yeah. So I mean, he's got 90 million
00:39:33
followers, I think on Truth and I don't know how many on, I
00:39:36
mean, on Truth Social. What has he got?
00:39:37
It doesn't matter. So the numbers are colossal.
00:39:40
That wasn't some private message.
00:39:41
Group OK, but as soon as he put that up everybody took
00:39:44
screenshots and shared it so it just it went everywhere so
00:39:49
there's no there he said it buy buy now buy him the tip.
00:39:53
Yeah, buy the dip. There is no nefarious things
00:39:55
going on. That's just the way the left
00:39:57
wants to spin it to make you nervous.
00:40:00
I mean, it's so you seen like the last few days, the stocks
00:40:03
went down and they went up and now they're back down.
00:40:07
It's just people playing the market.
00:40:09
But watch the bonds. No doubt.
00:40:12
Watch the bonds. Well, let's switch gears and
00:40:14
let's talk about Trump's new 125% and growing tariff.
00:40:18
Lot of people think this is going to increase China's BRICS
00:40:21
trade. These import tariffs.
00:40:23
We know these have been leveraged.
00:40:25
It's art of the deal. This is April 9th.
00:40:28
We're talking about that date. The move comes out to China,
00:40:30
raise its tariff on US goods by an additional 84%.
00:40:33
Understanding that you already didn't understand, There was a
00:40:35
major trade deficit between US and the United States.
00:40:37
It was growing. In fact, China was also cracking
00:40:40
us for tariffs and we weren't doing the same to them.
00:40:43
Even an equal reciprocal playing field, it would have been
00:40:46
necessary to move tariffs. But there's much more than this
00:40:48
and that I think these moves are unprecedented.
00:40:50
I think there's a lot of US tariffs that were necessary, but
00:40:53
we're also strategic or 77 countries came to the table.
00:40:58
And those are the countries that John, that Donald Trump of
00:41:00
course said, I'm going to wait, I'm going to hold these tariffs
00:41:03
in abatement until you guys come to the table.
00:41:05
He doesn't, you know, if you think about it, if he's going to
00:41:07
meet with 77 countries, you can imagine how many meetings that
00:41:10
is. He's probably going to have to,
00:41:12
you know, maybe move a little over that around the table.
00:41:14
But look. Hold on this.
00:41:16
Is big numbers here. I want to let's talk about
00:41:18
tariffs because the UAE and the EU who agree to launch free
00:41:22
trade negotiations, right? There's a lot going on here.
00:41:26
Then you have Canada says it will drop tariffs tomorrow if
00:41:29
U.S. President Trump drops his.
00:41:31
Now check this out. So China wants to play with us,
00:41:33
right? You know, China and the European
00:41:36
Union is in talks to abolish EU tariffs on Chinese electrical
00:41:39
vehicles. So he wants to negotiate with
00:41:43
them. When it comes to us, he don't
00:41:45
want it. He wants to try to play tough.
00:41:47
Xi Jinping, you ain't going to win, Tony.
00:41:50
All right for now. And you know what they're,
00:41:52
they're kind of the salvo of, of tariffs.
00:41:54
What they're waving around is that the United States is not
00:41:56
China's, although a lot of people think it is.
00:41:58
We're not China's primary trading partner. the US is
00:42:02
actually third in place before the Asian, you know, ASEAN,
00:42:05
which is of course, is the Asian Union and the European Union.
00:42:09
Those numbers are higher than ours.
00:42:10
The United States, for example, that ASEAN group, that's 982.3
00:42:17
billion in trade, the European Union's 700 and 85.8.
00:42:21
And then here comes the US at 668.3 with Latin America at 518
00:42:25
1/2. So there a lot of people are
00:42:27
thinking that somehow China is going to find the extra support
00:42:29
in these other countries. I disagree because what China is
00:42:33
trying to do with this trade deficit and the reciprocal
00:42:36
tariffs that are much higher than ours is to of course impact
00:42:40
the US as an impact the US dollar.
00:42:42
They've got a much bigger strategy.
00:42:44
This is a Mao style strategy. I think that this had to happen.
00:42:48
And I think that at the end of the day, they think they're
00:42:50
going to find the market somewhere else.
00:42:52
We'll go ahead. That's just going to strengthen
00:42:53
the US dollar in the long run because we'll move all the
00:42:55
manufacturing back to the United States.
00:42:57
And once that happens, I don't think we're going to go back to
00:43:01
the Chinese tit. I think we're going to focus on
00:43:03
what it takes to make America great again.
00:43:05
And this is part of that big global game plan, 5D chess.
00:43:09
It's not checkers, George. It is 5D chess.
00:43:13
I mean, I think we're going to be going like 6D chess soon,
00:43:15
could be there already. I mean, no doubt.
00:43:19
All right. I was looking up something
00:43:21
interesting. But listen, China, you're not
00:43:24
going to win. I'm going to say this politely
00:43:26
as I can. You guys are used to bowing,
00:43:29
right? So just bow down right now.
00:43:30
I mean, I don't understand how like the EU want to make free
00:43:36
trade deals with them, but they don't want to do it at us.
00:43:38
That just shows everybody and China wants to do it vice versa.
00:43:41
That just shows that they want to keep taking advantage of us.
00:43:44
They've been taking advantage of the United States of America.
00:43:46
Well, no more. We're not going to allow that to
00:43:48
happen. And I hope to God, I pray to
00:43:51
God, that our Congress can actually put some law in where
00:43:56
it keeps the tariffs like this, that if any country tries to
00:44:00
raise tariffs or make the trade, you know, take away the deal
00:44:04
that we reciprocate because enough is enough.
00:44:08
Because let's face it, we didn't have a strong leader the last
00:44:11
four years and they took advantage.
00:44:13
So God forbid that ever happens again.
00:44:15
God forbid. Please know, I hope you people
00:44:17
got smart now. But in case it does, we have
00:44:20
security measures in place. It needs to be done.
00:44:23
All right, let's, let's move it up a little bit.
00:44:25
Let's talk about Bitcoin. Before Jonathan was on the the
00:44:27
show, he mentioned that Larry thinks that the Bitcoin is going
00:44:30
to become the global currency. I do not agree with that.
00:44:32
I would have told Jonathan I didn't if we got into this
00:44:34
story. I don't think it's the coin that
00:44:37
people think it is. I don't think it's going to be
00:44:39
long term, not that I don't think it's part of the
00:44:40
blockchain and it's part of the decentralized finance community
00:44:44
and I don't think it's going away anytime soon, but I think
00:44:47
it's on an antiquated network. I think long term people should
00:44:51
be looking at diversification. So also Michael Saylor, he also
00:44:55
is saying the same thing. I disagree.
00:44:57
I think if any coin is going to become the number one part of
00:44:59
the blockchain, I believe it's XRP.
00:45:01
Now George and I hold both. We hold both Bitcoin and XRP
00:45:04
beneficially. I can't say that either one of
00:45:06
them should be any more important than the other.
00:45:09
When you look at the short term of the long term, I think that
00:45:12
the network that XRP is on, it's much more sophisticated.
00:45:15
They've got contracts X or 3300 or more, different governments,
00:45:19
agencies and corporations. You've seen the integration into
00:45:23
the SWIFT system, what's going on, and lots of other things.
00:45:26
The ETFs for XRP are starting to come online.
00:45:29
I think XRP is going to be, in my opinion, in the long term.
00:45:32
If I had to bet my money, I only had $1.00 to bet.
00:45:34
I would bet my whole dollar on XRP versus Bitcoin.
00:45:37
Maybe I'd find out the long way. I still believe in
00:45:39
diversification, let me say that.
00:45:41
But the Bitcoin did recover right now I think you know,
00:45:44
Thursday it you did see a pullback 79 change, so not
00:45:49
quite 80. No, it's at.
00:45:50
It's at 80. No, I just checked 79
00:45:54
something was was the chart as of.
00:45:56
Thursday was like that, but today, Friday, it went hit 80.
00:46:00
Yeah. Well, anyway, here's the deal.
00:46:01
My point is that those numbers I think are temporary.
00:46:04
I do think bitcoins going to rise again, but these I think
00:46:07
the overall gains are limited. I think it's by the fears of all
00:46:11
this rapidly escalating US China trade war.
00:46:14
There's a lot of uncertainty. Crypto prices always move in
00:46:17
lockstep with broader risk driven markets.
00:46:20
So the rallies Wednesday evening after Trump announced the tariff
00:46:24
exemptions. But Bitcoins lagging.
00:46:27
And I think there's a reason it's lagging.
00:46:28
You know, my thought is that people, it's still new, smaller
00:46:32
part of the market, the Bitcoin holder is prohibitively
00:46:34
expensive for the average investor.
00:46:37
I saw a lot of buying on the pullback, George, lots of XRP,
00:46:41
Ethereum, Solana, you know, Ondo, XLMXDCXCN, lots of buying
00:46:47
when they bottomed out right before Trump's announcements.
00:46:51
So I think at the same time, people are diversifying because
00:46:53
they're also worried about these big swings in Bitcoin.
00:46:56
We're way back from the 109 high.
00:47:00
Now we're below that, you know, set high 70s to low 80s, kind of
00:47:03
a price range. What do you think?
00:47:05
I think you're right. Look, Bitcoins, you know,
00:47:08
everything's been volatile, but you know, I think people,
00:47:11
especially new people, crypto, they see Bitcoin and they say,
00:47:14
wow, 8, whatever, let's just say 80.
00:47:16
I can't afford that because I think they, they, they, until
00:47:21
they fully understand how crypto works, they're thinking like the
00:47:23
way stock markets work. So, and I'll say it you, if you,
00:47:29
if you have $500 a $100, you can still buy Bitcoin and own it if
00:47:32
you want. You can buy any crypto and own
00:47:33
it. There's no like limit on that if
00:47:37
it's 90 a coin, you can own percentage of it.
00:47:40
That's how crypto works. But listen, all coins are what
00:47:45
Dodge coin dodge coin boosted by ETFI mean there's they rallied
00:47:51
what 6% after their fund manager 21 shares said it applied to a
00:47:55
list of exchange trade fund tracking the popular mean coin
00:47:58
in U.S. markets. I mean, look, anything's a goal
00:48:01
right now, but I will and I'll keep saying this even though
00:48:05
everything's dipped, even Bitcoin and all that, buying the
00:48:08
dip if you can. But what's to me, the short, one
00:48:11
of the few short things, you know, Solana, definitely XRP,
00:48:14
Solana, even the ADA, they're they're going to do good.
00:48:18
But besides those contracts you talking about and I hope I don't
00:48:22
know when are they going to start releasing a couple of
00:48:24
them. I don't know because again, I
00:48:26
don't think we have absolute final conclusion on the SECI
00:48:29
Don't think the final documentation is traded hands.
00:48:32
I know they they there's been a lot of outward verbal comments,
00:48:35
but I haven't seen the final, you know, this is over with and
00:48:37
here's the final document. But you know, the courts move
00:48:39
slowly and I think they're being hesitant.
00:48:41
They don't want to over jump the gun and then find out, oh, wait
00:48:43
a minute, you shouldn't have done that.
00:48:44
We're not done yet, you know, so I think there's a little
00:48:47
hesitation on the side of ripple.
00:48:48
I don't blame them. But you hold on, the short thing
00:48:51
is like bank banking institutions want to deal with
00:48:54
XRP and that's a lot because of their security and and measures
00:48:58
and stuff. Well, I tell you this, the
00:49:00
Cardano founder which we mentioned, which is ADA Charles
00:49:03
Hoskinson, just says he thinks Bitcoin could be 250 by the
00:49:06
end of the year. He's talking about improving
00:49:08
market conditions. A bunch of stuff up to 50. 1000
00:49:11
a coin by the end of the year. That's what he's saying.
00:49:14
So that's that's kind of a big jump.
00:49:16
He's talking about all the legislative clarity.
00:49:18
Yeah, exactly. Especially around stable goings
00:49:21
could hold major corporations into the crypto space. the US is
00:49:25
moving forward with two major bills, the Genius Act in the
00:49:28
Senate and the Stable Act in the in the House, both of which
00:49:30
would clear committee stages. According to Hoskinson, these
00:49:33
developments may encourage the Magnificent 7 tech giants to
00:49:36
adopt dollar backed digital tokens.
00:49:39
He's talked about near term uncertainty.
00:49:42
He's talking about maybe there'll be a minor stall in the
00:49:44
crypto market, but he doesn't see that over the next 12
00:49:46
months. I agree with that.
00:49:48
I don't know if I agree with 250, but you're right,
00:49:51
there's a lot going on. And I think we have to talk
00:49:53
about even the increase in wallet holdings of XRPXRP is
00:49:57
moving rapidly. It's it's growing much stronger
00:50:01
by the minute. It's faced massive sell off
00:50:03
pressure recently. But that price decline didn't
00:50:05
dampen confidence. In fact the exact opposite.
00:50:08
Lots of people are now making sure they have some XRP holdings
00:50:14
in their wallets across the board now.
00:50:16
This is a big milestone despite XR PS, you know dip from over 2
00:50:20
to $2.10 to $1.60 this week. That was a big divergent that
00:50:25
went down there. Lots of people added to their
00:50:27
wallets and lots of new new short term, at least short term
00:50:31
for right now holders increase their wallet positions.
00:50:34
So I think there's a broader spectrum of XRP holders, which
00:50:36
is going to add stability and support for XRP.
00:50:40
The number of wallets with a non 0 balance of XRP is also
00:50:43
maintaining an upward trend, meaning that it used to be
00:50:46
wallets with more near 0 balances and now all of a sudden
00:50:49
they're showing holding balances in XRP and it seems like it's an
00:50:53
accumulation, not just let's buy a few.
00:50:56
You know, I think this is really interesting news, George.
00:51:00
It is. I love XRP, Lance, you said
00:51:05
250 and I'm thinking like my orcas here we come.
00:51:09
Is that what we're saying it I mean?
00:51:10
Yeah, my orca exactly. I mean, not my orcas.
00:51:13
You're using the border border guy's name.
00:51:15
It's my orca. I mean my orca, so you're like
00:51:18
you're saying like XRP basically what he's saying it, what he was
00:51:22
saying is XRP is going to outmaneuver Bitcoin.
00:51:26
I mean. There's a lot of potential for
00:51:29
XRP to take off. I mean, Bitcoin is clearly the
00:51:32
big number with that, with Hutchinson's thinking, 250
00:51:35
of Bitcoin. The point is XRP, when we start
00:51:37
talking about that, you know, a lot of people are predicting
00:51:41
that if Bitcoin moves into that hundred 150 territory, that
00:51:44
XRP could be in that hundreds of dollars very quickly.
00:51:48
We'll have to see. Of course, there's a lot more
00:51:50
XRP than there is Bitcoin. So it's not easy to predict
00:51:53
something where there's a lot more available in the market.
00:51:55
But the the consolidation of XRP by governments, by institutions
00:52:01
and the acceptance as as a cross-border and a possible
00:52:05
exchange token that bridges the gap.
00:52:07
It's a big deal. All right, listen, the crypto
00:52:09
power hours out of time for the day.
00:52:11
Don't forget you can catch us here on Wednesdays and Fridays,
00:52:14
3:00 PM. You're going to want to be here.
00:52:17
This is the number one crypto show by view on Rumble.
00:52:21
We're growing rapidly. Rumble's our home base.
00:52:24
Locals is our home base. If you can do a paid
00:52:26
subscription, it's 5 bucks a month.
00:52:27
Please do. If you can just do a regular
00:52:29
subscription, hit that follow button, share or comment.
00:52:34
Do everything you can to help us get the word out there.
00:52:37
Take any of the content you like, put it on your own social
00:52:39
media. Grow your social media with the
00:52:41
help of the Crypto Power Hour show.
00:52:42
Great interviews coming up next week.
00:52:44
We're excited to be here. And of course, the Global
00:52:46
Finance Forum, the number one finance show by view on Rumble,
00:52:50
that's 1:00 PM on Fridays. And of course, the regular big
00:52:53
Mig show. That's right, with George
00:52:55
Valentine, Lance Miniaccio, we're covering all the topics,
00:52:58
all the interviews. That is Monday through Friday,
00:53:00
11:00 AM Eastern standard. Please follow G Valentin on X,
00:53:04
Lance Miliaccio on X, the Big Mig show on X, the Crypto Power
00:53:09
Hour on X, and Solemn Global on X Hit us up in the DMS, do what
00:53:14
you can. We appreciate you guys giving us
00:53:16
your time today. Thank you so very much for
00:53:17
tuning in, George B. Don't forget 3:00 crypto power
00:53:21
hour. It's the last show today.
00:53:22
Make sure you're there. If not, have a blessed weekend.
00:53:25
Love you guys all catch you on the flip side.
00:53:34
As an American who keeps up with the real news, you know by now
00:53:37
the severity of the economic issues that are plaguing our
00:53:40
great nation. My name is Jonathan Rose and I'm
00:53:43
the CEO of Genesis Gold Group, the only major faith driven
00:53:47
company in the industry. 2024 is a year full of uncertainties.
00:53:52
With trillions of dollars in national debt, inflation
00:53:55
impacting your savings, and the pivotal election year, your
00:53:59
Peace of Mind is more valuable than ever and now is the time to
00:54:03
use physical gold and silver to preserve your hard earned
00:54:06
retirement savings with a gold IRA.
00:54:09
Call Genesis Gold Group today. Our team has decades of
00:54:12
experience helping folks just like you take their first step
00:54:15
on the path to true financial freedom with a gold and silver
00:54:19
IRA. Call Genesis Gold Group today at
00:54:22
1-8 Hundred 200 Gold for a no commitment informative
00:54:25
consultation with one of our experts to find out if we can be
00:54:27
a fit for you. Call now at 1-800-200-4653 or
00:54:31
visit genesisgoldgroup.com. In a world of uncertainty, be
00:54:36
prepared with silver pepper bars, your ultimate hedge
00:54:39
against political instability and economic turmoil.
00:54:42
Introducing the Silver Pepper Bar crafted from pure
00:54:47
silver and proudly made in the USA, this tangible, divisible
00:54:51
asset can come in handy even in the toughest of times.
00:54:54
Portable, perforated, and easily tradable, the Silver Pepper Bar
00:54:58
is your lifeline in times of crisis.
00:55:00
When facing inflation, currency devaluation, and financial
00:55:04
meltdown, Silver Pepper Bars provide Peace of Mind.
00:55:07
Don't wait for disaster to strike.
00:55:09
Secure your future today with the exclusive Silver Pepper Bar,
00:55:13
the only silver bar on the market, divisible into three
00:55:16
different size pieces for maximum utility, all while
00:55:19
fitting in your wallet. The smart choice for savvy
00:55:22
investors and preppers alike. With Silver Pepper Bars, you're
00:55:26
ready for whatever tomorrow brings.
00:55:28
Hi folks, I'm here today to introduce you to the Prepper Bar
00:55:32
from prepperbar.com, the most unique precious metals product
00:55:35
we have seen in a long time. These 62g bars are perforated
00:55:39
and easily broken down into your choice of three different sizes
00:55:43
to fit a multitude of needs. Whether it be from asset
00:55:46
protection from inflation, economic turmoil, or its unique
00:55:50
utility for barter and trade, the Prepper Bar makes a perfect
00:55:54
gift for all the precious metal lovers out there.
00:55:56
Exclusively made here in the USA and selling out fast.
00:56:00
Available in both gold and silver, these slim prepper bars
00:56:04
fit neatly in your wallet and their utility enables use in any
00:56:07
situation. As gold and silver prices
00:56:09
continue to surge and top economist predict upcoming
00:56:13
shortages, now is the time to secure your precious metals in
00:56:16
the form of prepper bars. Go to prepperbar.com now and
00:56:20
place your order before supply runs out and prices go up.
00:56:24
All payment methods accepted. Order your Silver pepper bars
00:56:27
now at bar.com Silver pepper bars ready for whatever tomorrow
00:56:32
brings? Order now.