THE BIG MIG SHOW https://thebigmiggold.com https://thebigmigbar.com
AUGUST 15, 2025
EPISODE 633 - 1PM
Culinary Magic with Chef iQ
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Wholesale prices rose 0.9% in July, much more than expected
The producer price index jumped 0.9% in July, compared with the Dow Jones estimate for a 0.2% gain.
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The. None.
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Welcome back to the Big Man Show Global Finance Forum of course
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the number one finance show on Rumble powered by Genesis Gold
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Group with your hosts joining us for the first time, Bill Armour
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from Genesis Gold along with myself, Lance Miliaccio and
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George Ballantine. From Bullion to Borders we are
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your go to source for cutting edge insights of the world of
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finance. Genesis Gold Group believes in
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empowering faith driven stewardorship where gold and
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silver are an integral part of a diversified portfolio.
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Protecting your finances with precious metals has never been
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more crucial. Joining us as we explore the
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forces shaping global markets, the power of precious metals,
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digital assets, and the dynamics influence economies across the
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globe. George Ballantine, man, how are
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you, brother? Round two of the day, What's
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going on bro? It's Friday, right?
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Round two. We'll get it done.
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I'm still nursing this stupid left eye, but it's all right.
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I can see good. When my one eye saw, I got my
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one eye. And Jonathan Rose and his new
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fella here. I'm going to, yeah.
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I just I. Just know, I just know that
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Jonathan Rose would not send one of his workers or one of his
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employees, I should say, and that would disappoint.
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The big, big show, the big, big mafia, our listeners, he would
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not disappoint. So he's going to sing that
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Jingle whether he likes it or not.
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But that's all right. Let's bring him on.
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Welcome to the big, big show, Bill Armour.
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He's on the spot now. A lot of pressure, Bill.
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A lot of pressure on the show. You can feel it already surging
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here. George got you tied into doing
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the Jingle. How are you, man?
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Thanks for joining us. It's the first time on the show.
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What's going on? Feeling great, happy to be here.
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Thanks so much for having me you guys.
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I'm cool under pressure. That's it exactly.
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Well, you, you probably are because you, you served eight
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years in the military and military intelligence, you know,
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and of course with that kind of background, you do have to keep
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it calm and cool. Depends on whether you're doing
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any of those ICA reports and what's actually going on.
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Maybe give the audience just a little bit of background on
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yourself just so they can get caught up.
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I know you've been in the bullion markets for about 7 or 8
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years, so maybe kind of give them a little other background
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on who you are. Yeah, absolutely.
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So during the military did 8 years military intelligence, got
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out, went to school, got a degree in biblical ministry,
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since been in finance and situationally or on the side
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their ministry as well did a little bit of vocational
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ministry. So been around, seen quite a few
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things, know quite a bit and hopefully can can give you guys
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some really interesting insight. Yeah, and, and it's interesting.
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I, you know what? We did a radio interview with
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you and I thought I was actually really impressed with your depth
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of knowledge. You know, the markets are always
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so, you know, there's only so many different data sets that
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really go into determining where the markets are going that it
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really takes a lot of experience in bullion markets or even the
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regular market, stock market, crypto markets now to really
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know what what's going to happen.
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But before we kick off, we always talk about, you know,
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owning hard assets. We always talk about
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diversification in your portfolio.
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And one of those pieces is, of course, the prepper bar.
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You know, I've said it before, your bank accounts could be gone
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by morning. You never know.
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This isn't crazy conspiracy theory.
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It's about to happen. We talked about it over and over
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again on the crypto power out on this show.
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The digital dollar is coming. And with it, the government
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gains total control over your money.
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But of course, it gets worse. We've talked about the hacking
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that happens. Our our financial system is
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always under pressure. You never know what's going to
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happen with it. They're going to try to cripple
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the US dollar in a way that'll make your accounts vanish,
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frozen, wiped out. Monitor control.
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I don't like the sound of any of that.
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And the government solution? More control, more surveillance,
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less freedom. But here's what they won't tell
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You can still protect yourself. I love these bars.
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And I'll tell you, the prepper bar is the perfect escape.
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They're real, tangible forms of wealth.
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They're available in gold and silver.
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And yes, they do come with an assay report.
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You can hold them, you can trade them.
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You can trust, you can stick it in your sock drawer safety
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deposit box. I don't care where you keep
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them. Better to have them and not need
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them, then need them and not have them.
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And the government can't seize it.
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No hacker can steal it. Time is ticking.
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Need to act now to secure your prepper bars before the
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government rolls it out. Their next move.
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I know Trump's in the, you know, in the White House, but you
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can't tell me that you love every single thing that's going
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on in the administration now. Genesis Gold groups on a special
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for us. They've been running it for a
00:05:24
while now. Prepper all caps.
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That's the promo code. 10% off on the silver, 5% off on the
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gold. You head over to the big meat
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bar.com or you just take a picture of that QR code.
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George makes it easy for you. The reason I love these bars
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when Genesis called designed these they made it so you could
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just snap off a small piece to make a payment unlike A1 oz
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point where you have to have some tin snips to chip off that
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corner. It's a very easy system fits
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real easily in your wallet. The big make bar.com all caps
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prepper for the best deal head over there right after the show,
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maybe pick up a few send us a photo.
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If you do, we'll put you up on social media and maybe even on
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the show all. Right ready, Bill 1.
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I'm going to do it with you all. Right, we're doing 3123 break me
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off a piece of that prepper bar. He's not even singing.
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He's just moving his lips. Come on bro, we're going to do
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one more that's. The only.
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One we're going to do it one more time Bill, because I got we
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I've told you got to do this twice.
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You're ready. Come on.
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Let's just let's go. All right, 123 break me off
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Piece of piece of. That prepper.
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Bar. There we go.
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Prepper bar. Johnson Rose.
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That's twice I want my gold prepper bar before I have to go
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and break some pretty. Good for a first time, Bill,
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I'll give you, I'll give you a round on that.
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How easy. George jumps in with that
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Jingle. You know it's his thing.
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Lance screws it up all the time so don't worry, but you did a
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great and better job than with. George on the on the old Prepper
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Bar Jingle. Well, there's a lot going on,
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man. And of of course, as always, we
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like to cover bricks, you know, bullion, Wall Street, you name
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it on the show. But I think we have to start off
00:07:01
with it'd be unexpected and I and I titled this rut row.
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I'm thinking of old Shaggy and scooby-doo.
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Wholesale prices rose 0.9% in July, much more than expected.
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The producer, of course, the producer price index jumped by
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almost a full percentage point in July compared to the Dow
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Jones estimate for 0.2%. That was the biggest monthly
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increase since June. Of course, excluding food and
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energy prices, the core PPI rose 0.9 against the forecast of 0.2
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or 0.3. What do you think?
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You know, a lot of people are trying to point the finger at
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tariffs. Start with you, Bill.
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Tell me what you think. Where, where are we at on this?
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Why do you think this happened? Because a lot of people missed
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this number. Yeah, absolutely.
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I mean, I would, I would first I want to address the elephant in
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the room that is whenever you're dealing with the the BLS there
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and, and CPI numbers and whatnot, there's a long track
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record of the numbers not being honest.
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So, but eventually they have to get numbers because people won't
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believe them. So eventually they have to start
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putting these out, you know, and they're a little more accurate.
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So what I would I would argue, and you know, I'm not at at BLS,
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but what I would argue it's Bureau of Labor Statistics that
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are the ones that put out these CPI reports, etcetera, is that a
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lot of this is catch up to Biden era inflation that was not
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represented because they had downplayed that so heavily
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during his term. And so it's it's an easy finger
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point. And I think it's it's, you know,
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a broad goes into a broader discussion of the partisanship
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of the BLS, but of them putting together stats, just try and
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eventually get them to reflect what they currently exist.
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So, you know, I don't know how much of this is actually tied to
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the tariffs. I'm sure, you know, it could be
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some of it, you know, that's, that's probably undeniable at
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some level. But beyond that, I'm always
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skeptical whenever numbers are are this far off, you know,
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potentially with with what Trump has done.
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It's just been, you know, generally very, very positive.
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Yeah. And, and, and you are right
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about that. We talk about it often when it
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comes to polling. But the same thing with these
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numbers. We know there were some
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irregularities in the unemployment numbers.
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It seems like there's lots of holdovers in the administration.
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I agree with you. I don't think these numbers are
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accurate. If there is any accuracy, and
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I'm meaning that they came on the high side.
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I do believe it's that leftover from Joe Biden because, you
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know, talk about maybe the worst presidency in the history of the
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United States. Of course, I believe him to be
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an installed president, but other than that, didn't do a
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good job. Never was a business guy
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surrounded himself. What I would think ineffective
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leadership within his administration that didn't do
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the job. You know, I think it's simple
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enough to always point the finger.
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Everybody loves to to to villainize Donald Trump, you
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know, so how accurate these. I think it's a very good point
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you made. I agree with you.
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But I think you know, there, there obviously there is some
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impact. We are seeing some increases in
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prices. You know, you can see it on
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Amazon, you can see it on some of the platforms and some
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products have risen. Maybe it's knee jerk because of
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course we know that the as an example that China is not facing
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the tariffs that they will face. I think it's in another 90 days
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or maybe it's 75 days now and we're going to see some of this.
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There's no doubt. But at the end of the day, we do
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need a solution economically, $37 trillion in debt and
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counting. George, throw up that media too
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and then give me your comments. What do you think?
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Media too. Please.
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Well, listen, we've seen even like the labor market, job
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market numbers there. Now they have to change them up.
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I mean, it's hard to believe in any numbers.
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But what I seen yesterday come out and I know I talked to you
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about this land is the price housing, the housing market.
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Now this is kind of sets its own has actually slowed down where
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buyers are now have the upper hand and they're actually
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selling below list because before they were fighting
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prices, you know, yes, let's say example 200 for a house they
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were selling for 2/22/40. And I know first hand because it
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happened across the street from me.
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It's and it's crazy, but now buyers have have the upper hand
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and they're selling below cost. So, you know, we don't, we're
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not getting the real numbers anywhere from the government.
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So it's hard to tell. But you know, the market's going
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to be what the market's going to be.
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It's you know, we've seen for the last 6-5 months that because
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you know, everybody's panic over tariffs, but then you know, that
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fluctuated the market but not realizing back in 2017 trumped
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into tariffs and everything was fine just like it is now.
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We have so much, we have money coming in or change.
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Yeah, and they've been taking it.
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They do this globally. I think that's one thing.
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Historically we've taken a beating.
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They've taken advantage of our weak tariff policies for
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decades, really. And you know, I think the
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economic indicator of of, of now housing slowing down.
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Well, look, let's say it, face it, Jerome Powell is doing a
00:12:01
tremendous amount of damage to this economy.
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You know, his unwillingness, and I think it's intentional to
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lower interest rates is, is definitely going to have an
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impact. Now, he sees these numbers and
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this is going to be his justification.
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Of course, he's going to use this to say, well, This is why
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I'm not lowering interest rates. But the truth of the matter is
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when you're dealing with a private institution like the
00:12:23
Federal Reserve, even when those people aren't doing a good job,
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you can't fire him. And you heard Trump talking
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about a civil lawsuit that's going to get filed.
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That tells you everything you need to know.
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I've always said we need to nationalize the Federal Reserve.
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Not necessarily that I want the US government to be the only one
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running our money, but why? We're paying a private
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institution to print currency where they're charging us for a
00:12:46
Fiat currency at face value after they print it, plus the
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printing cost. And then of course, they're
00:12:51
charging us the interest on it when it doesn't even exist.
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I'm even questioning whether or not there's any gold in in Fort
00:12:57
Knox at this point. There's supposed to be an audit
00:13:00
with a video, you know, with a video team.
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And of course, that never happened.
00:13:03
But when I look at these numbers, I think to myself, OK,
00:13:05
US producer, you know, price index.
00:13:08
What bothers me about this, and then I'll flip to you, William,
00:13:11
is that I'm concerned that here's another thing to just
00:13:15
crack the stock market, crack the crypto market.
00:13:18
You combine this with, you know, Jerome Powell's unwillingness to
00:13:24
lower interest rates, you know, whatever his policy beliefs are,
00:13:28
and it's really damaging for recovery.
00:13:30
And the question is, is it damaging to recovery because
00:13:33
this is these numbers are accurate and Jerome Powell's
00:13:36
right, or is it damaging the the economy because it's intentional
00:13:41
to undermine the new administration with Donald
00:13:43
Trump? What do you think?
00:13:45
Absolutely. So, and, and I would just to
00:13:47
clarify, you know, something earlier, while, while who knows,
00:13:50
you know, when these statistics are coming and they're accurate,
00:13:53
I think anyone with a brain can look around and say that things
00:13:56
are getting more expensive, things are getting that this is
00:13:59
the problem. You don't, you don't have to
00:14:00
have exact numbers to know that. So whether or not they've been
00:14:03
bad for a while, whether they're getting worse, how quickly
00:14:06
they're getting worse, you know, there's some speculation there,
00:14:08
but you can just look at this as a rational person and say, oh,
00:14:12
there's a problem developing here and this doesn't end well.
00:14:15
Now, in terms of Jerome Powell's stance on this, what he is, the
00:14:19
people he's hurting really are our average everyday Americans,
00:14:22
young people that want to buy homes, pieces like that.
00:14:24
And that is really, you know, as a country where we want to make
00:14:27
sure that people that work hard, you know, pay into the system,
00:14:31
etcetera, are rewarded. And when you keep interest rates
00:14:33
that high, you're a stopping them from starting businesses.
00:14:37
They can't take out loans to start a business.
00:14:38
They can't buy a home. So the people that you're
00:14:40
crushing are the same people that end up renting, right?
00:14:44
And we, you know, we all, I don't know, you know, who's
00:14:45
benefiting from that, you know, BlackRock, etcetera.
00:14:48
Vanguard. Vanguard, I think that this is,
00:14:52
and I do agree with you somewhat of a coordinated effort here.
00:14:55
People are making billions and billions and billions of dollars
00:14:58
by keeping interest rates high and people stuck in the
00:15:01
positions they're in. You know, I saw something, I
00:15:05
think it came off a TikTok. I don't know.
00:15:06
It was a nurse that had an 808 credit score, had a sizeable
00:15:11
down payment written and she was in RN.
00:15:13
She'd gone for the advanced nursing, you know, licenses, so
00:15:17
clearly should be qualified as a first time home buyer.
00:15:21
And, and she was talking about that even with her overtime
00:15:23
wages. And we know, and of course we
00:15:25
know that the medical industry, they make a good wage and of
00:15:28
course overtime is really good for them.
00:15:30
She couldn't afford a house. She figured out that even with
00:15:34
her down payment that it just wasn't affordable.
00:15:37
And to me that's that's really that's the ideal home buyer,
00:15:40
right? Eight O 8 credit score really
00:15:42
secure, you know, income stream, you know, good down payment.
00:15:45
That should be somebody. But she was making a comment
00:15:48
that the interest rates had put the the payment up so high that
00:15:50
she didn't feel comfortable in doing it.
00:15:52
Of course, that's why she has an 808 credit score.
00:15:54
How much is? She cautious how much does she
00:15:56
make and well how much was the house though, because that.
00:15:58
Didn't go into all those details but.
00:15:59
Factors into it though, like. She was being genuine when it
00:16:02
came to it. And at the end of the the day, I
00:16:04
think the interest rates when you're looking at what's what's,
00:16:06
what's the average 30 year mortgage right now, 4 1/2, five,
00:16:09
no more. Is it more than that?
00:16:10
No, it's like 6. What is it?
00:16:12
Yeah, six to seven, yeah. Yeah, I mean, that's insane,
00:16:15
right? I mean, you look at what that
00:16:16
does to a 30 year mortgage, that's almost double when you
00:16:20
think about it payment wise, right?
00:16:22
Doesn't that double your payment basically from what it would be
00:16:24
with normal rates? And, and I don't think Powell
00:16:27
cares. Powell doesn't like Donald
00:16:28
Trump. I think it's a personal
00:16:30
vendetta. I personally believe with agree
00:16:33
with Rand, you know, the rands, of course, Rand Paul and Ron
00:16:37
Paul. I think we ought to nationalize
00:16:42
the Federal Reserve. I think we should end the Fed.
00:16:44
I don't like a private institution controlling it.
00:16:47
And at the end of the day, you know, I don't blame the, you
00:16:50
know, BLS, you know, Donald Trump of course fired him.
00:16:52
Everybody went into a big hoopla that he fired somebody, but he
00:16:55
fired him for inaccurate numbers and I don't blame him.
00:16:57
I don't, I would imagine that this may 'cause somebody to get
00:17:00
fired this time also if they're not accurate.
00:17:02
But what the damage, you're right, is being funneled down.
00:17:05
And I think what's important is we always have to talk about
00:17:07
real world impact. You know, you being the gold
00:17:10
expert you are, I always want to know what this, what the impact
00:17:12
this is going to be on the bullion markets because George
00:17:15
and I aren't experienced enough to know that.
00:17:16
So, you know, right now gold prices are steady.
00:17:20
Of course the inflation dated delayed, you know, and and and
00:17:23
no, you know, aggressive Fed interest rate cuts.
00:17:26
But gold is at an you know, I think an all time high.
00:17:29
Silver isn't back to the hunt brothers prices, but it's as
00:17:33
high as it's been in a long time with I think it's what 38 and
00:17:35
change. Is that right?
00:17:37
Yep, you. Got it.
00:17:37
Yeah. So tell me, what do you think
00:17:39
the impact of this news and the fact that Powell now will have
00:17:43
an excuse not to lower interest rates?
00:17:47
Yeah, absolutely. So one thing I would say just
00:17:49
about gold as a whole is that people maybe don't realize this
00:17:53
because we've been on such a a bull run for medals as of late.
00:17:57
But historically gold's best moves come when interest rates
00:18:00
come down. So right now, Powell, you know,
00:18:03
the fact that interest rates have been staying up gold is
00:18:05
people think, oh, well, maybe that's why gold has been going
00:18:07
up so much. Actually the opposite.
00:18:08
Because when people can get money and they can put their
00:18:12
money into ACD, let's say, or Treasury, and then get a great
00:18:15
return on that relatively because, you know, rates are
00:18:17
high, they're less likely to go into tangibles.
00:18:20
So there's less demand. So what we know for a fact is
00:18:23
that interest rates won't stay this high forever.
00:18:25
Powell will be gone, you know, next year.
00:18:27
And then we'll have someone in there that you know, hopefully
00:18:30
aligns more with a realistic view of this country's future
00:18:34
and interest rates will come down.
00:18:35
And when they do, that will be some of the best news you could
00:18:38
ever hope for for gold. So as far as rate staying
00:18:41
steady, not staying steady, the the answer is gold's going to
00:18:44
continue to move positively because of the debt issues, you
00:18:47
know, other countries, bricks, etcetera.
00:18:49
But as another, you know, match to light the fire of gold's
00:18:53
explosion and price, you absolutely know that on the
00:18:55
horizon that's going to be very beneficial for you.
00:18:59
Well, he's going to lower the he's going to lower the interest
00:19:01
rates in September. He's going to drop it some.
00:19:04
He has to. There's no, there's, there's no,
00:19:06
there's no other way of looking at it because all the numbers
00:19:09
that they were looking at, it's just what two people from the
00:19:12
board left. Now Trump is replacing them.
00:19:14
The question is who's he going to replace?
00:19:16
It's Jerome Powell. So I'm saying maybe Scott
00:19:18
Besson, who knows. I don't know if he's a great
00:19:21
pick for that. We'll find out.
00:19:22
But. Well, I, I guess we'll have to
00:19:24
wait and see it. You know, the Federal Reserve is
00:19:28
one of those loose cannons. But I think the case, the case
00:19:31
here really is that even though short term is inflation is going
00:19:34
to push on gold for the moment, I think the case is still long
00:19:38
term bullish, don't you think? Of course, gold's up what, 37 or
00:19:42
8% year to date for the last 12 months, is that correct?
00:19:45
Yep, 36 1/2 percent. Yeah, you're absolutely right.
00:19:49
And then the long term case, we haven't had any big, you know
00:19:52
the people always talk about what gold and silver is being
00:19:56
mined and there haven't been any really big reserves found,
00:19:59
right. There haven't been any big new
00:20:00
mining properties or new discoveries, correct?
00:20:03
No, that's correct. I'm glad you asked that.
00:20:04
So we, we do have incredible technology that's able to scan
00:20:08
the Earth's crust for metals. And it's, it's good to a good to
00:20:12
a point it, it can generally identify where there is gold,
00:20:15
but it's not great identifying exactly how much.
00:20:17
And one of the things that we found is, is general estimations
00:20:20
for how much, you know, gold and silver we have, we're finding
00:20:23
these deposits and they're much smaller than we had anticipated.
00:20:26
So what that means in layman's terms is there's less gold and
00:20:30
silver than we thought. And as you know, as anyone with
00:20:32
an economics, you know, has ever been to an economics class in
00:20:35
their life or just been around the block, you know, supply and
00:20:38
demand. And so as we find out that
00:20:40
there's less gold and silver, it's a finite resource.
00:20:42
We're not going to, it's not like the Fed where they're just
00:20:44
going to make more of it. So once we're out, once there's
00:20:47
no more to be mined, it is a you have or you do not have.
00:20:51
Well you know what? Never say never because look at
00:20:54
let's say diamonds, right? How they make lab grown diamonds
00:20:58
now they take it from a little piece of diamond like a crumb.
00:21:02
They just expedite the process of what it would be in the earth
00:21:04
to make it, you know, so you never know what gold is.
00:21:07
Anything's possible. They'll probably, they might
00:21:09
come up with it one day. You know, gold.
00:21:11
Gold's actually not even native to the planet.
00:21:13
It's from asteroids. This is true.
00:21:15
Look this up. It's from they they slam into
00:21:17
the Earth and that's where the deposits of gold come through.
00:21:19
It does not naturally occurring. That is crazy.
00:21:22
I never knew that. I actually didn't know that
00:21:24
we're sitting at what, 3300 high 80s?
00:21:27
You might be able to duplicate this somehow, who knows.
00:21:29
Yeah. Well, 33180, I'm looking at the
00:21:34
resistance and support. Of course there's been a lot of
00:21:37
accumulation in that 3300 and 3533, you know 3333 I should
00:21:44
say. The question is what do you
00:21:46
think is going to what's the next breakout level?
00:21:48
We're at 3800 and change since we've had so much support and
00:21:52
consolidation at those numbers, where do you think the next
00:21:55
level is? You know, George thinks we're
00:21:58
way past 4000 come the end of the year. 3800.
00:22:03
Oh, is that what you? Is that your last prediction 30?
00:22:05
838, yeah. Well, you're you, you know, OK,
00:22:09
So what do you think? What do you think for?
00:22:11
The end of the year or just what the general receipt?
00:22:13
End of the year. The end of the year, I mean, so
00:22:17
whenever I get this question, the the answer is twofold
00:22:19
because a lot of the things I mean we can have tomorrow, we
00:22:23
can come out and bring, you know, or next month or you know
00:22:25
what not they can have the bricks forum and and things can
00:22:27
change dramatically. So I look at it as, you know, of
00:22:31
course there's going to be steady growth and that 3800 is
00:22:33
probably a pretty reasonable expectation for the end of the
00:22:35
year. But the real moves in in gold
00:22:38
and silver will come when the things that we're waiting for
00:22:41
occur, and that is bricks. That's, you know, you know,
00:22:44
really rapid de dollarization we're experiencing or obviously,
00:22:48
you know, a, a real fiscal disaster here with the, the Fiat
00:22:51
currency. So any of those I, I look at it
00:22:53
not in the stretch of, of, you know, one year, six months, but
00:22:56
in the stretch of, you know, 25, you know, 10 years.
00:22:59
And what is it doing over that? Because those singular events
00:23:03
will manifest in much greater returns than any one thing.
00:23:06
And and with that, you're either early to that or you're late to
00:23:09
that, right? Well, let's talk about for a
00:23:11
minute. Even though Trump, of course,
00:23:13
this new executive order on four O 1 KS and hard assets, which
00:23:17
opens up the door for more investing.
00:23:19
You guys have been way ahead of the curve.
00:23:20
You got a product that allows people to invest in their four O
00:23:25
1K or their IRA in in hard assets to get delivered right to
00:23:29
their house. Maybe give people a little bit
00:23:30
of that background just so they understand how that product
00:23:33
works. And maybe even touch on, I know
00:23:38
it's hard to because each each case is individual, but I guess
00:23:41
touch on, I know last time Jonathan was on the show, he
00:23:44
thought that everybody should be, if they are investing in
00:23:46
bullion, it should be 70% silver, 30% gold.
00:23:50
Now I know you guys also carry platinum and Palladium.
00:23:52
So if you think exposure to those assets is important, maybe
00:23:56
pepper a little of that in there.
00:23:58
Sure, sure, absolutely. So in, in terms of exposure, you
00:24:01
would really just look at and, and you know why you would maybe
00:24:04
go heavier in silver than gold, you know, like a 7030 split or
00:24:07
so is you would look at the historic tie insurance between
00:24:12
gold and silver. You're looking anywhere from
00:24:14
from 15 when it was when gold was tied here to the dollar was
00:24:18
tied to gold all the way up to about 3035 here historically.
00:24:22
So 35 ounces to 15 ounces is a pretty reasonable place for
00:24:26
silver to equal gold. Now at this current juncture, we
00:24:29
find ourselves closer to 8090. So what does that tell us?
00:24:31
Tells us one of two things, either gold is tremendously
00:24:35
overvalued or silver is tremendously undervalued.
00:24:37
And every technical indicator, every fundamental indicator we
00:24:40
have would say that gold is in fact not overvalued.
00:24:43
It's it's really, it's undervalued.
00:24:45
But silver in particular, then the only logical conclusion
00:24:48
there is silver is dramatically, dramatically undervalued.
00:24:51
And there's a lot of explanations on that, that that
00:24:53
we can get into if we had more time.
00:24:55
But you look at even things like the JP Morgan silver lawsuit,
00:24:58
the paper silver lawsuit and why that's staying down.
00:25:01
At some point though, that does materialize and you can see that
00:25:04
come back more into the historic norms at which point you're
00:25:07
talking about just to, to fall in line with that, you know, 15
00:25:11
to 30 oz to 1 ounce of gold ratio.
00:25:14
That's a, you know, a 2 to 300% return.
00:25:16
So, you know, when that happens, no one has a crystal ball, but
00:25:20
certainly I'd like to be there when it does.
00:25:22
As far as platinum and Palladium, in niche
00:25:24
circumstances, for investors that want to be really
00:25:28
categorically separated, we can definitely help with that.
00:25:31
But as a rule of thumb for most general investors, they're going
00:25:34
to stick to gold and silver. They're a little more reliable
00:25:36
and less volatile. You know, there's been a lot of
00:25:38
stuff in the press that there's a shortage of platinum because
00:25:42
of its uses, you know, medical equipment, electronics.
00:25:46
Any thought that you think that that's going to that that that
00:25:49
disparity in the industrial, the industrial needs is going to is
00:25:52
going to be, is that starting to really impact the price right
00:25:54
now? Yeah, absolutely.
00:25:57
We're definitely seeing some of that.
00:25:59
We're still waiting because there's a a report coming out
00:26:01
talking about abundance of of platinum.
00:26:03
So we're kind of waiting on that before we make any large scale
00:26:06
determinations on, on price predictions there.
00:26:09
But you're right, the the industrial use of platinum is
00:26:11
widespread and will continue to be widespread.
00:26:14
But on the flip side, you've got silver as well, which you know
00:26:17
they believe the Samsung here that just came out with a new
00:26:20
battery takes a kilo per battery.
00:26:22
It's more effective in in every single way than the lithium ion
00:26:24
batteries. I would, I would make a pretty
00:26:26
strong suggestion that that in fact fully replaces the lithium
00:26:30
ion battery in the next 5 to 10 years.
00:26:32
So that'll be a dramatic increase in the amount of silver
00:26:35
that we're utilizing and therefore a demand or a demand
00:26:38
increase. Silver in the battery, Yes.
00:26:40
Tell them Lance. Well, there's no doubt that
00:26:43
Samsung technology, there's a couple of big manufacturers that
00:26:46
I know are looking at embracing that technology because of
00:26:49
course the efficiency of the battery.
00:26:51
I think you can charge the entire battery in under 10
00:26:53
minutes is what they're claiming.
00:26:55
And and my understanding is you can add about 300 miles of
00:26:59
distance drive because the battery's that much more
00:27:02
efficient. Now, I don't know if that's 100%
00:27:03
true. That's some of the early
00:27:04
reporting. Like, you know, I don't know if
00:27:06
they've got real world tests in different models of cars or not,
00:27:10
but let's talk about silver, the Silver's 38 and change.
00:27:14
You know, we've heard that there's a shortage and that the
00:27:19
shortage is going to get worse. A bunch of people are saying
00:27:22
even though silver fell a little bit, I know it came back pretty
00:27:25
quickly and there seems to be a ton of support.
00:27:28
I don't think we're going to see the high 20s anymore, that's for
00:27:31
sure. A lot of people are talking the
00:27:32
basement really anymore is about 33 or $34.
00:27:36
I don't know if that's true on your end or what you think.
00:27:39
Let's talk about the green energy.
00:27:43
You know, of course lots of needs for silver and that just
00:27:45
like you mentioned EVs, do you think the lack of any new real
00:27:50
big deposits around the globe, what do you see maybe over the
00:27:54
next 12 months for silver? What's what are your thoughts on
00:27:57
where it's going to head? Right, absolutely.
00:27:59
And just to touch base on on one thing you'd said there a moment
00:28:02
ago about the consolidation we're seeing with silver.
00:28:05
The reason this is very different than the last time we
00:28:07
saw all time silver highs is you're seeing much more of a
00:28:11
growth and then consolidation pattern, which is not something
00:28:14
we saw in silver's last bull run.
00:28:16
It was much more of a fanatical response to actually gold's you
00:28:20
know massive drive there. So we're seeing a much more
00:28:22
consistent growth in that, which is a great sign for the long
00:28:25
term performance of silver as opposed to it just being, you
00:28:28
know, a addish growth. So that's a great sign.
00:28:31
In terms of the, the the growth on silver, I think that we're
00:28:35
looking at at well over $40 obviously in the next month or
00:28:39
so. And then once you break that
00:28:41
$40, a lot of this, particularly with every $10 you see a
00:28:45
psychological barriers, at least that's the historical trend on
00:28:48
these. So you tend to see with gold, it
00:28:50
was 2000, right when it broke 2000 people didn't really it's
00:28:53
too high, it's too high. Then once it got to, you know,
00:28:55
2120220300, eventually people started saying, you know, wait a
00:28:59
minute, this doesn't seem to be slowing down.
00:29:01
And here we are at 3200. So you see those at every check
00:29:04
mark. That's just human psychology.
00:29:06
Once you see that $40 break, you should see a lot of growth
00:29:09
there. Yeah, regrets.
00:29:12
Most people have regrets. They look back and say why
00:29:14
didn't I buy it at the 18-19 hundred or the 2100?
00:29:17
But you know, you're going to keep doing that as it's moving
00:29:20
right now. We'd love to have the Hunt
00:29:21
Brothers back in the mix. I mean, they pushed silver damn
00:29:23
near up to 48 or $49.00. I don't think it quite made 50
00:29:27
before their whole House of Cards came tumbling down, but I
00:29:30
think that was a 700% increase for where silver was before they
00:29:34
started to go after that market. You know, the, the audience in
00:29:39
general, we, we, a lot of them talk about silver because they
00:29:42
like, you know, because of course the price entry point is
00:29:44
reasonable. If somebody comes to you, you
00:29:47
know, we always talk about diversification for safety.
00:29:51
Do you feel, feel like there's a perfect age, you know, you know,
00:29:56
section of the, of the demographic where people should
00:29:59
be transferring, they're getting close to retirement?
00:30:02
Is there an age group that you feel like it's more important
00:30:05
than for them to be, you know, of course risk averse and and
00:30:08
look at hard assets like silver and gold?
00:30:11
Well, certainly. So one of the ways I would frame
00:30:13
it, for instance, is let's say you're someone who has a pension
00:30:16
and Social Security and so your income is fixed there.
00:30:19
Maybe you get, you know, COLA adjustments on your Social
00:30:21
Security, but ultimately your your income is going to be fixed
00:30:24
there for the rest of your life. Now, if inflation is
00:30:27
dramatically going to continue to affect you at some point,
00:30:30
what is good for you now will not be good for you long term,
00:30:33
right? That won't be enough.
00:30:34
So you're going to want something that will grow
00:30:37
alongside this inflation that obviously is a tremendous place
00:30:40
for gold. So generally really that's
00:30:42
retirees, people close to retirement who don't want to see
00:30:45
the big swings in the market. They don't want to see a repeat
00:30:47
of 2008. Now don't get me wrong, I think
00:30:50
everybody should have gold or silver and whether you're you're
00:30:52
20 or or or 90. But at the same time, certainly
00:30:56
the people that need to have gold and silver in a portfolio
00:30:59
in order to diversify are going to the be people that are in the
00:31:02
latter stages, retirement or near retirement.
00:31:04
Yeah, I've got you. And I think that's important
00:31:07
advice. We always talk about it on the
00:31:09
show that diversification is where your safety is, right?
00:31:12
The fact that you don't want to be overweighted at any
00:31:14
particular asset. We talk about crypto a lot and
00:31:17
all the other markets. OK, I know we're getting heading
00:31:21
short to a break here, George. We are.
00:31:24
I was, I was texting Jonathan that he lost and he's like what?
00:31:28
I'm like, yeah, I got the I got on video.
00:31:30
He couldn't believe it. All right, you know, I told him,
00:31:33
I says I put him on a spot, says I told him You don't want to
00:31:35
disappoint the big, big mafia and every all our listeners.
00:31:39
So, listeners, just. Start my money.
00:31:41
All right. No, listen, he, he promised me
00:31:45
way before you're in a picture and you know.
00:31:48
George has been working him on that gold prep for Barb for a
00:31:50
long time. He's.
00:31:51
Been that, you know, trying to be that slick Brit.
00:31:53
I'm going to call him, you know, so he gave a challenge.
00:31:56
He lost. There's witnesses again.
00:31:59
I don't want to have to go to California and Nevada and just
00:32:01
walk in the office and have to. I don't know, the odds on Polly
00:32:04
Market are not good at him coming off any gold.
00:32:06
You know, he holds on to that gold like he's a leprechaun.
00:32:08
All right, let's go ahead. And I know you.
00:32:11
I know you've got a quick read. You got to do George's
00:32:13
Rock'n'roll. It's cooking time, grilling
00:32:15
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00:32:17
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00:32:20
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00:32:23
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00:32:25
Will it? Will there be raw chicken drama?
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Can I just ruin $100 worth of steaks?
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Save it to your photo files, take a screenshot.
00:33:41
Also, like Lance always says, everybody's always at the table.
00:33:44
You know people BBQ no matter what, they're always on their
00:33:46
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Matter of fact, everybody at a BBQ, $20 how you want your steak
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00:34:09
Right, All right, listen, we're going to take a short break and
00:34:11
of course, we come back. We'll be here with Bill Armor,
00:34:13
George Valentin and myself, Lance Miliaccio.
00:34:16
It's the Global Finance Forum powered by Genesis Gold Group.
00:34:20
Don't forget to save those QR codes.
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You can head over and grab one of those prepper bars after the
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All right, welcome back to the Big Big Show Global Finance
00:38:11
Forum powered by Genesis Gold Group.
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Here we host Lance Migliacho, yours truly George Balancing,
00:38:16
and our guest, none other than from Genesis Gold Group, Bill
00:38:20
Armor. Yeah, that's right.
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It's all Americans now. We threw the Brits out.
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I'll take it Right to block trust IRA, but not now after the
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handle. All right, look at that.
00:39:47
So you know by Bill, I know you don't have much time left
00:39:50
because I know you've got some appointments you've got to make.
00:39:53
So I want to get your input on this just before you leave.
00:39:56
I think this is a big point bombshell we're supposed to be
00:39:59
making ourselves. The, you know, the, the world's
00:40:03
capital for crypto. Everybody's been very hopeful
00:40:07
about the, the, you know, the change in the SE CS position,
00:40:12
the, you know, the, the legislation that Donald Trump,
00:40:15
the Clarity Act, the Genius Act and some other policies, I
00:40:20
think. Besson, Scott Besson, who's of
00:40:23
course the US Treasury Secretary, I think he screwed
00:40:26
the pooch today. I think that was absolutely the
00:40:28
worst thing he'd have done on an interview.
00:40:31
You know, everybody thought that the strategic crypto reserve was
00:40:35
some of that was going to be purchased.
00:40:37
It was not just going to be assets that had been seized from
00:40:41
criminal enterprises moved into a strategic reserve. the US
00:40:44
government hasn't done a good job of managing those in
00:40:46
general. They've sold a lot of them at
00:40:48
bargain basement prices, tons and tons of Bitcoin.
00:40:51
It would be worth excessive amounts of money from the Silk
00:40:54
Road seizures and other seizures, do you think?
00:40:57
Did did Scott Besson screw the pooch here?
00:40:59
I mean, what do you think about this comment about how the US is
00:41:02
not going to be buying Bitcoin? Well, I, I think it's just a, a
00:41:06
very strange backtracking. I think my interpretation of
00:41:10
this is that there's something we're missing here because it,
00:41:12
it is such AU turn from the, the direction, you know, what the,
00:41:16
the administration had put out up to this point.
00:41:18
And anytime I see something that goes so against the grain in
00:41:22
that way, my next question is why and so screwed the pooch.
00:41:26
Absolutely. Is there more to it?
00:41:27
I would guess so. Well, I have some answers for
00:41:30
you. So first, when Trump announced
00:41:33
they're doing crypto reserves, Bitcoin wasn't part of it.
00:41:36
It was only XRP, Ethereum, a bunch of others.
00:41:38
And when like, you know, people start complaining, they added
00:41:42
Bitcoin. So it's no surprise.
00:41:44
But also Trump with Trump Media Group, they have Bitcoin
00:41:48
reserves. So, you know, if people start
00:41:51
selling off and then all of a sudden he announces that, all
00:41:53
right, we're going to, we're going to start buying it.
00:41:56
How much money are you going to make?
00:41:57
And everybody else, there's always an angle.
00:41:59
There's always something here. So it was never really begin.
00:42:02
It was never really to be Bitcoin in reserves anyway.
00:42:05
It was added on to it. So it's not, it's not no
00:42:07
surprise, but whether they continue to do it or not, just
00:42:10
everybody's going to make money. Well, the Bitcoin, the Bitcoin
00:42:13
Maxis, I think they're, they've got their panties in it and.
00:42:17
I have a feeling though. They're clenching right now
00:42:20
because this goes against everything they had hoped for.
00:42:22
I agree with you. He did mention XRP, Solana and
00:42:25
Ethereum in the very beginning. He didn't mention Bitcoin.
00:42:28
And then of course, he circled back, I think Eric Trump and
00:42:31
Donald Trump Junior said, oh, wait a minute, you can't do
00:42:33
that. The Bitcoin Maxis, I don't know
00:42:35
what happened. Of course, he added it after the
00:42:36
fact. Now, some people on the other
00:42:38
side of the crypto aisle, this would be the last thing, Bill.
00:42:40
And then I know you got to go XRP, Solana and Ethereum, those
00:42:43
people are rejoicing. They are thinking that the
00:42:47
acquisition, we've heard a lot of rumors, not really SO20022
00:42:51
the SWIFT system who's going to be replacing.
00:42:54
Some people think it's going to be link, other people think it's
00:42:58
it's XRP. We know there's 3300 agreements
00:43:01
that have never been publicly announced because of the SEC
00:43:04
case. XRP has made those agreements
00:43:07
with lots of institutions and banks and countries around the
00:43:11
globe. So I don't know.
00:43:12
We'll see what happens. We'll keep an eye on this.
00:43:14
Bills. Thank you so very much for
00:43:16
joining us today, man. Hopefully, we'll have you longer
00:43:18
next time. Appreciate your input and good
00:43:20
luck on closing those deals. Brother with that slave driver
00:43:23
Rose over there, you got it. He's going to be cracking the
00:43:26
whip. He is always cracking the whip
00:43:28
but that's what makes him good at this, That's what makes our
00:43:30
team great at this as we we work very, very hard.
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Yeah, you guys do a great job. Our customers that have signed
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00:43:40
Bill when you call over, don't forget to let him know the Big
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minkbar.com. You can head over to the big
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But pretty much everything there, you can do it all.
00:43:54
Ask for Bill, tell him the big Mink show sent you.
00:43:56
Thanks again, man. We appreciate that you.
00:43:58
Bill, you want to go for a third time's a charm?
00:44:00
We did it twice around. It doesn't make any difference.
00:44:03
You already won. I know, but we just want to do
00:44:06
it for our audience. Why not come?
00:44:07
On let's do it all. Right here we go 123, break me
00:44:11
off a piece of that prepper bar. All right, man, I love it for
00:44:16
being such a good boy at work. Appreciate you.
00:44:18
All right, All right, So listen, you know Scott Besson, I think
00:44:26
he screwed the pooch. They're not going to be buying
00:44:29
that declared flatly during that interview.
00:44:33
We've got the clip I think, George, don't we?
00:44:35
No. No, we should try to grab that.
00:44:38
I should have put that in there. Let me let me drag it over you
00:44:40
kind of just go on with the story from it.
00:44:41
Let me just grab it you. Don't have to grab it.
00:44:43
What do you want? I have it on my laptop computer.
00:44:45
Which one you want, Scott? Was going to say just the just
00:44:47
that interview clip we had where he's talking about that I'll.
00:44:52
Get it? Don't worry, you just keep
00:44:53
going, keep talking. I'll get, I'll grab.
00:44:55
It yeah. So look, this is a stark pivot.
00:44:58
I mean, you know, the hype of a Bitcoin moon mission and that
00:45:02
the US government was going to be actively buying Bitcoin was
00:45:05
the assumption everybody made that they were going to be
00:45:08
actively buying Ethereum, Solana, XRP as part of this
00:45:12
strategic reserve. One guy on social media popped
00:45:17
out with FU Besant. Yeah, he he wasn't that's dark
00:45:23
came from dark Soulja 3323. Then then then of course,
00:45:29
another guy comes out and said he just really pissed off all
00:45:32
the crypto holders that voted for Trump.
00:45:36
Another post raged on about now. Some people rejoiced and they
00:45:42
said now you know, the end game is XRP.
00:45:46
Is that true? I don't know, We'll have to see.
00:45:48
Well, go ahead, George. So I wouldn't get too much of an
00:45:55
frenzy about this because I'm telling you, buy, buy in the dip
00:46:00
of Bitcoin and watch. You're going to make money and
00:46:01
you're going to thank me later. Just buy, buy into the dip
00:46:05
because already went to 124, whatever's down now 1/19/18,
00:46:08
whatever, buy into the dip and you're going to make money
00:46:11
within a week or two and you're going to say, damn, I love
00:46:13
George. Here's the deal.
00:46:16
You don't have to just buy Bitcoin.
00:46:18
Go over to Block Trust IRA and you can actually buy in there
00:46:21
and they use AI to trade it. They're doing much better than a
00:46:24
buy and hold strategy. So if nothing else, go over
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there and get educated that Block Trust IRA product.
00:46:29
Animus Technologies won an award from Bitcoin Magazine in 2023.
00:46:34
They run $1 in seed capital.
00:46:36
They competed I think against 1500 other companies.
00:46:39
It's an amazing product and they trade 60 different cryptos, but
00:46:42
the AI cryptos they trade currently are Etherium and
00:46:46
Bitcoin. Soon.
00:46:47
I hear XRP. They haven't done it yet.
00:46:49
They're not rolling XRP yet. But I heard his comment.
00:46:51
So in Etherium a lot of people are pretty optimistic.
00:46:54
Etherium hitting all time highs but digital gold?
00:46:57
I don't know. There might be a pause here.
00:46:59
Institutional buying in the ETFs took a hit right after Besson
00:47:02
opened his trap. You know, he said no taxpayer
00:47:07
funded crypto gambling, tweeted hedge fund analyst Bull Vision.
00:47:12
You know that now they're going to rely on seizures.
00:47:15
I have the clip if you want it. Yeah, let's, let's, let's hear
00:47:18
it from the horse's mouth, of course, for the audience all.
00:47:20
Right, here we go. You're talking about number way
00:47:24
above 750 billion. What's the story on Gold You?
00:47:29
Know we we've got this the large gold holding I I doubt we're
00:47:32
going to revalue it, but we are we are going to keep it there
00:47:36
again as a store of value for the American people.
00:47:39
We've also started A to get into the 21st century a Bitcoin
00:47:45
strategic reserve. We're not going to be buying
00:47:47
that, but we are going to use confiscated assets and continue
00:47:53
to build that up. We're going to stop selling
00:47:55
that. You know, I, I believe that
00:47:57
Bitcoin reserve at today's prices is, is somewhere between
00:48:01
15 and 20 billion. That's it. 1520 billion should
00:48:07
be a lot more. That's why they sold a lot of
00:48:10
it, stupidly, the Silk Road stuff, a lot of that got
00:48:12
liquidity. You know what prior?
00:48:13
To this decision by the administration.
00:48:16
That's not counting the money that that the like the DA still
00:48:20
has a Bitcoin they're holding from seizures.
00:48:24
Yeah, there's a couple of the seizures.
00:48:26
They are Homeland Security. That's not that's not including
00:48:28
that. It should be a lot more.
00:48:30
But listen, I like to keep track of it to see who's who dipped
00:48:34
into it. You know, I don't trust him, but
00:48:38
we're going to. Keep you on top of this,
00:48:39
especially when keeping with the.
00:48:40
Gold in Fort Knox What gold? Where is the gold in Fort Knox?
00:48:43
There is no. Gold.
00:48:44
He wasn't going to revalue the gold.
00:48:46
Did you hear him say that? Because what?
00:48:48
Did you hear him say he wasn't going to revalue?
00:48:51
That. Asset, yeah, keeping it that
00:48:53
$60.00 an ounce, I think what George?
00:48:55
And I'll take all of it at 60 an ounce.
00:48:58
But of course, you know, it's always about, I think fortune
00:49:00
favors the informed is my opinion.
00:49:03
So if you like what you're hearing on this show, you'll
00:49:05
probably love our Crypto Power Hour.
00:49:07
We do this show at 1:00 PM. We usually try to get the
00:49:10
Genesis gold guys on to participate as long as they can.
00:49:13
They're awfully busy over there, which tells you how good the
00:49:16
market is for what they're providing at the end of the day.
00:49:18
Also, we've got the crypto power hour, 3:00 PM Wednesday and
00:49:22
Friday, every Wednesday and Friday, crypto power.
00:49:24
Now, George says we might be changing the time.
00:49:27
Rumble would like us to maybe move it to a new time slot
00:49:29
because they'd like it in a busier slot because it's doing
00:49:31
so well. It's the number one crypto show
00:49:33
on Rumble right now. So if you want to get educated,
00:49:37
this is spot to be for finance. Let's talk about bricks in 2025,
00:49:41
Jordan navigating tariffs, you know, unity, economic shifts.
00:49:47
You know, Donald Trump says he's not going to allow this to
00:49:49
happen. He's not going to allow anybody
00:49:51
to undermine the US dollar as the Petro dollar or otherwise.
00:49:55
What do you think, man? World?
00:49:56
You know, I think the world's grappling with a lot of
00:49:58
escalating trade tensions, a lot of kinetic events.
00:50:02
What do you think? Well, you know, Trump's, it's
00:50:06
Trump's meeting with Putin today, you know, over Ukraine.
00:50:09
And he's there in Alaska. I'm pretty sure Brexit is going
00:50:12
to be brought up in this conversation and Trump be like,
00:50:16
yo, Vlad, what are you trying to do, man?
00:50:18
Why are you trying to undermine our US money?
00:50:20
So listen, as long as there are strong leaders in this country
00:50:26
who are leading it, I don't think BRICS is going to do what
00:50:29
it what people think it's going to do.
00:50:31
I'm not worried about it. As long as we have strong
00:50:34
leaders. We have weak leaders and they
00:50:36
see that weakness, of course they're going to pray on that
00:50:38
weakness. Look at the last four years, for
00:50:40
example. And there's been other times,
00:50:42
but you know, bricks is bricks. You can't.
00:50:45
I, I can never mock a country for trying to do something that
00:50:48
they, you know, they do. Personally countries.
00:50:53
I said, well, a country for doing it.
00:50:54
So that means any country. But but look, hold on.
00:50:58
I think United States should should actually go back to the
00:51:01
gold standard. I agree.
00:51:04
So maybe if United States said hell with it, let's just join
00:51:10
bricks and lead bricks. What do you think?
00:51:12
What do you think would happen? We couldn't do that because it
00:51:15
the damage it would do to our dollar as far as being the the
00:51:18
Petro dollar currency would be huge.
00:51:21
We have a solution for the $37 trillion in debt for the Federal
00:51:24
Reserve. Do we have a solution for that?
00:51:26
I don't know. But of course, for everybody out
00:51:28
in the audience might not be familiar with bricks, you have
00:51:29
to look at the alliance. You've got Brazil, Russia,
00:51:31
India, China and South Africa for the initial countries, but a
00:51:35
lot of it's expanded in recent years and there's more countries
00:51:38
joining. You got Egypt, Ethiopia, Iran,
00:51:41
Saudi Arabia, you know, United Arab Emirates.
00:51:44
So you got to look that BRICS now actually represents as an
00:51:48
institution 40% of the global population.
00:51:51
So that's that's a significant share of the world GDP when you
00:51:54
think about it, right? So I think there's no doubt I
00:51:58
agree with you, strong leadership can slow this down.
00:52:01
The question is US tariffs, are they pushing BRICS nations?
00:52:06
You know, maybe sparking what I would consider a unified
00:52:09
response, maybe even a bold escalation because of the tariff
00:52:12
position That I think is justified.
00:52:14
I think we've been screwed over on tariffs for a very long time.
00:52:17
But these nations are using it as a way to say to each other,
00:52:20
well, we can't let them continue to do this.
00:52:23
But he's demanding these trade concessions.
00:52:25
This is what they're saying, not what I'm saying.
00:52:27
And I think that's pushing the bridge, the BRICS nations closer
00:52:31
where there has been some division.
00:52:33
You know, China didn't go to the last meeting.
00:52:35
Russia didn't go to the last meeting, probably because they
00:52:38
were in negotiation over tariffs and didn't want to poke the
00:52:41
lion. You know, they didn't want to
00:52:42
poke the beast. So what do you think with the
00:52:46
with tariffs being in play, do you think that maybe is making
00:52:49
the BRICS nations kind of huddle together and say, you know, we
00:52:52
can't put up with this? Well, listen, China is trying
00:53:02
to, China's trying to come, come to a deal with US with the
00:53:06
tariffs. So I don't know if it's if it's
00:53:08
a play. I mean people that are like
00:53:10
India's having, you know, I'm surprised India hasn't made a
00:53:13
deal. What are they waiting on?
00:53:14
What are they doing? I don't know.
00:53:16
But Brazil is Brazil, Russia. I think part of the, you know,
00:53:23
when Trump today and whenever he's talking to Putin, and part
00:53:25
of the that's going to be part of the talks too, is tariffs.
00:53:29
Trump wants to make a deal. He wants to get this war ended
00:53:33
because for a lot of reasons, one, it's sending all our money
00:53:38
weapons is it's not economically feasible anymore.
00:53:43
It's better for the world. But another third, more
00:53:45
important fact, Trump wants that for his ego and to get that
00:53:48
Pulitzer Prize because that will seal the deal.
00:53:51
And, you know, he wants that. What, Out of doubt 'cause you
00:53:55
know, yeah, I don't disagree with you.
00:53:57
You know, I think Ukraine lost the way the day it started.
00:54:00
But you know, when you look at bricks, right, and you look at
00:54:02
how these nations are operating almost like a second NATO in
00:54:05
their own way, you know, you look at that sneaky Brazilian
00:54:09
President bastard. You know, Lula da Silva, I don't
00:54:13
like him. I think he was installed.
00:54:15
I think he cheated, but, you know, he's pushing the nation's
00:54:19
behind the scenes. He's been engaged in phone calls
00:54:21
with many of the nations trying to tell him we have to de
00:54:23
dollarize sooner. We have to push for a BRICS
00:54:26
currency sooner to facilitate trade between our countries.
00:54:30
You know, So when you've got somebody like that, you know,
00:54:33
you know, squeaking into everybody's ear, you have to
00:54:35
wonder, right? And of course, they don't like
00:54:36
the tariffs because they've been getting away with screwing us
00:54:39
for so many decades over tariffs.
00:54:43
But now you've got a new development.
00:54:44
The bank announces they're guaranteed fund to boost
00:54:46
financing the bricks back new Development Bank.
00:54:50
They're set to launch a new guarantee fund aimed at reducing
00:54:53
financing costs and attracting private investments for
00:54:55
infrastructure projects in member states.
00:54:58
Now, as timely as that is, it makes me wonder, you know,
00:55:02
what's Donald Trump's big play? He's been meeting with Brad
00:55:05
Garlinghouse. Brad Garlinghouse after the SEC
00:55:08
settlement just got named to a board of advisors in the White
00:55:11
House for crypto. And I'm wondering, is this all
00:55:15
part of this change over to the ISO 20022, you know, getting rid
00:55:19
of SWIFT? Is this maybe a response?
00:55:22
Because I don't think they can lower the rates low enough to
00:55:25
compete with decentralized finance, George.
00:55:27
And of course, Donald Trump's been very vocal about making us
00:55:30
the central hub for the crypto, you know, metaverse or universe,
00:55:35
call it whatever you want. That's his plan now.
00:55:37
I, I think Scott Besson sent us back today.
00:55:40
I think that was a bad choice on his part.
00:55:42
But what do you think? Do you think even if this bank,
00:55:45
this initiative through the, the, the new Development Bank, I
00:55:49
don't think this is almost too little too late for me because
00:55:51
of what's going on with, you know, the SWIFT system and XRP
00:55:55
and the other, the other coins that are in that system and the
00:55:57
changeover. That's a tough call.
00:56:02
I mean, I, I have to agree with you on that.
00:56:05
I don't, I think it is too late. You know, when we're talking
00:56:09
about just for example, like, you know, going to the gold
00:56:12
standard, they won't, they won't do it in this country and they
00:56:18
won't get rid of the swift and go back to the gold, at least
00:56:21
not the gold standard because there is no gold.
00:56:22
So there's no standard to go with it.
00:56:24
That's the problem. But I think lands like the the
00:56:28
wave of the future and people see it is, you know,
00:56:31
decentralized and that's where that's where we're headed.
00:56:34
Whether anybody, whether the government likes or not, where
00:56:37
there's a well, there's a way with people when we want
00:56:38
something, when we want to get it done, they'll get it done.
00:56:42
That's it. Can't can't, you know, that's
00:56:45
what I'm sorry, I'm just trying to fix something.
00:56:49
No, are things I actually. Agree with you.
00:56:51
So, you know, I think when you look at an era, I think we're in
00:56:53
an era of fracturing alliances, you know, of course, and rising
00:56:56
protectionism. There's many countries that are,
00:56:59
you know, going eat, going introverted.
00:57:01
I think brick stands as a beacon for emerging economies.
00:57:05
I think they're proving that the collective action, you know, can
00:57:07
counter unilateral dominance. I think the US has taken
00:57:10
advantage of a lot of these countries in many ways,
00:57:12
petrodollars and otherwise. But I don't think this is an
00:57:15
instant fix. And I don't think China wants to
00:57:18
rock the boat with Donald Trump. I think they're worried about
00:57:20
the consequences of those actions.
00:57:22
They haven't come to the table with guaranteeing they're not
00:57:24
going to be shipping precursor chemicals for, you know,
00:57:28
methamphetamine, fentanyl and car fentanyl yet.
00:57:31
Hopefully that's part of the negotiation.
00:57:33
But right now, Donald Trump is meeting with one of the most
00:57:36
powerful members of Bricks. Of course, Russia and Alaska is
00:57:39
meeting with Putin. And, you know, those guys have
00:57:41
always had a great relationship. They've always been able to get
00:57:44
down to the chase sooner than later because they understand
00:57:47
each other. They respect each other.
00:57:49
You've seen the mutual respect. That can't be good for Bricks no
00:57:52
matter what. So we'll keep an eye on this.
00:57:54
We'll let you know. In the meantime, I think we're
00:57:57
out of time for this show for now, of course, the Global
00:58:01
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00:59:57
the way out of the gate, brother.
00:59:58
Once again, it's Friday. This is second show.
01:00:01
We got third one at 3:00 today. Crypto power on that other
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If not, have a blessed weekend. Stay healthy, stay safe and stay
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