[00:01:15] [SPEAKER_04]: Welcome back to The Big Mig Show. Welcome Global Finance Forum, George Balantine, my brother from
[00:01:21] [SPEAKER_06]: another mother, how are you this morning, man? I'm good, I'm good, you know, it's a little behind
[00:01:25] [SPEAKER_06]: schedule but you know, it is what it is but we get there, we grind, we do what we do every day.
[00:01:31] [SPEAKER_04]: Yeah, all day. That can happen sometimes, there's no doubt about it. We're running solo,
[00:01:34] [SPEAKER_04]: we're running and gunning solo today. The guys from Genesis Gold are on their way to a big
[00:01:39] [SPEAKER_04]: meeting, they have out in Las Vegas so they couldn't join us this morning but of course
[00:01:43] [SPEAKER_04]: the Global Finance Forum is usually hosted with your obviously Jonathan Rose, Jacob Diaz,
[00:01:47] [SPEAKER_04]: Lance Milyacho and of course my brother George Balantine and it's from Bully on the
[00:01:53] [SPEAKER_04]: borders, your go-to source for cutting edge insights into the world of finance sponsored
[00:01:58] [SPEAKER_04]: by Genesis Gold Group. They believe in empowering faith driven stewardship with gold and silver
[00:02:05] [SPEAKER_04]: are an integral part of a balanced portfolio protecting your finances. All men's values
[00:02:09] [SPEAKER_04]: we gave you these has never been more crucial. Join us as we explore the forces shaping global
[00:02:14] [SPEAKER_04]: markets, the power of precious metals and the dynamics that influence economies across borders
[00:02:21] [SPEAKER_04]: and that's what we do here on this show. A little change of pace from our normal
[00:02:26] [SPEAKER_04]: normal shows that you see here at night on the Big Mig Show but of course we want to be
[00:02:30] [SPEAKER_04]: well rounded and give you all the resources and all the knowledge and need. George I see you got
[00:02:37] [SPEAKER_04]: something in here, it was just a little, is this a little finance at the moon or what is this?
[00:02:41] [SPEAKER_04]: Finance at the moon? I don't know, I see something in here, that's as Q and friends wrote this song
[00:02:46] [SPEAKER_06]: I don't know, no, no, no, no, no, no, no, no, that's what tonight bro.
[00:02:49] [SPEAKER_04]: Oh, I got you, I had a little connection with you. You're in a wrong section where you have, right?
[00:02:52] [SPEAKER_04]: Yeah, yeah, I think I might have, I think I might have cut myself short here and headed in but I know where
[00:02:56] [SPEAKER_04]: that's what I'm going to go. Anyway, we use notes you guys that obviously keep things moving smoothly
[00:03:01] [SPEAKER_04]: so a little something from George, I thought he surprised me with a little maybe a little
[00:03:04] [SPEAKER_04]: finance song or something. I didn't know what that was. No, no, no finance music.
[00:03:09] [SPEAKER_04]: Anyway, so I think this is really interesting. Once again, we've been telling you this,
[00:03:16] [SPEAKER_04]: we've told you about silver and why it's probably gonna hit new highs more than higher than before
[00:03:21] [SPEAKER_04]: and now here we are, gold just hit another all-time high and it's up from our last show,
[00:03:28] [SPEAKER_06]: George, isn't it up like a hundred bucks? It is. It is going, let me see. So,
[00:03:36] [SPEAKER_06]: oh, no, I got my thing here, hold on, so go yeah, just hit another all-time high. So, market pricing
[00:03:42] [SPEAKER_06]: out of a 50 basis point rate cut. And then I'm gonna go through a few points. So you got market
[00:03:47] [SPEAKER_06]: pricing out of geopolitical risk worries, market volatility dropping to a new monthly lows,
[00:03:54] [SPEAKER_06]: monthly inflation data is coming in above expectations. This would say market price,
[00:04:01] [SPEAKER_06]: add a possibility of recession in 2024. Gold is trading as if we're in a major crisis while all
[00:04:09] [SPEAKER_06]: the data is saying these act opposite. So that's something to worry about. So what did gold
[00:04:14] [SPEAKER_06]: is trying to tell us? Is there recession coming big deal? We can't, can we trust a utility, right?
[00:04:21] [SPEAKER_06]: Can we trust a utility? Can we trust a utility? Yeah, do we trust a numbers? No.
[00:04:26] [SPEAKER_04]: You know, predictive analysis, the things that have worked in the past didn't include all
[00:04:31] [SPEAKER_04]: the knowledge about bricks and I think that people have to be aware of the real impact of bricks,
[00:04:37] [SPEAKER_04]: because you've got lots of nations that are acquiring gold at higher levels than ever before.
[00:04:44] [SPEAKER_04]: Their plan is to get off completely off the U.S. Fiat currency. And I think, you know, when you
[00:04:50] [SPEAKER_04]: look at our Fiat currency, there's nothing backing it. And we're 35 plus $3 billion in debt.
[00:04:56] [SPEAKER_06]: That's a big number, George. It is a big number and it's going to be a lot of utilities, a big deal
[00:05:01] [SPEAKER_04]: nowadays. I think the volatility in the markets has changed so much. It moves so rapidly that I
[00:05:08] [SPEAKER_04]: think you have to be aware what they impact. Can I be, I'm sure the guys over Genesis Gold are super
[00:05:12] [SPEAKER_04]: excited about this movement. Obviously, they've been predicting that Gold's going to continue to
[00:05:16] [SPEAKER_04]: rise based on the demand for gold. And we told you about the new technology, the new EV technology
[00:05:23] [SPEAKER_04]: for those who use just turning in tuning in maybe for the first time. I want to do it again.
[00:05:28] [SPEAKER_04]: Now, there's the Gold chart you can see just since March, we're talking about nearly what George
[00:05:35] [SPEAKER_04]: one point that's probably $600 an ounce. It went up just since March, correct?
[00:05:40] [SPEAKER_06]: Yes, he seems like I mean, listen, you can never go wrong with precious metals because it's
[00:05:46] [SPEAKER_06]: they're wildly needed. The demand is hot. The demand's always going to be high because no matter,
[00:05:52] [SPEAKER_06]: they're not only for jewelry, they use in computers and cell phones and electronic space,
[00:05:57] [SPEAKER_06]: space, um, vehicles and satellites. And so even silver too, but so there's always going to be a
[00:06:03] [SPEAKER_06]: demand for it. And you can not go wrong with just buying precious metals or investing in precious
[00:06:08] [SPEAKER_06]: metals, even your 401k. You just can't. I mean, you know, and don't forget over Genesis Gold,
[00:06:15] [SPEAKER_04]: and it can go to the bigmeekgold.com, the bigmeekgold.com. And you can head over there and get a free
[00:06:22] [SPEAKER_04]: IRA guide. There's an opportunity for you to take your retirement accounts. And I'm not telling
[00:06:26] [SPEAKER_04]: you to do the whole thing. I'm telling you to take a portion of it and hedge your bets. Had you
[00:06:30] [SPEAKER_04]: done this the beginning of the year, you'd be very happy right now. You would have made a hell of a return.
[00:06:35] [SPEAKER_04]: But again, the guide over Genesis Gold is free. And George, what's that phone number they can
[00:06:40] [SPEAKER_06]: call to get the direct answer to get the guide? It is 888-5267154. Our repeat that 888-5267154. You get your
[00:06:52] [SPEAKER_04]: free IRA guide. Yeah. So we want to give you all the tools. You know, on the bigmeekshow at night,
[00:06:57] [SPEAKER_04]: we always give you the tools to make sure you're prepared. We try to advise you. Listen,
[00:07:02] [SPEAKER_04]: we're not a financial advisor. I'm going to tell you how to handle your finances. We don't have
[00:07:05] [SPEAKER_04]: any formal training. We just have the knowledge of paying attention literally every single day.
[00:07:10] [SPEAKER_04]: Now, silver, as I was saying, Samsung has that new technology, which allows EVs to be charged in
[00:07:16] [SPEAKER_04]: under 10 minutes, full charge unlike what we have now. And it adds about and there's right now they're
[00:07:27] [SPEAKER_04]: back in four numbers but 100 to 200 percent more travel distance on one charge. Now, that's the new
[00:07:35] [SPEAKER_04]: battery. But to produce that battery, you need about 1 kilo of silver per EV. I think about that,
[00:07:44] [SPEAKER_04]: 1 kilo, 2.2 pounds. That demand alone for the current EV market, forget any growth. The current
[00:07:52] [SPEAKER_04]: EV market demand for that silver would literally use up most of the available silver about 70 percent.
[00:08:00] [SPEAKER_04]: And we need much more of that just for electronics. For, you know, obviously with George talked
[00:08:07] [SPEAKER_04]: about a minute ago, there are lots of demands where it comes to needs for space vehicles. And of course,
[00:08:13] [SPEAKER_04]: also demand for basically every other possible thing you could think of for the electronic industry.
[00:08:20] [SPEAKER_04]: So it's a high demand. So, yeah, I think precious metals, especially silver, they're predicting
[00:08:25] [SPEAKER_04]: two to $300 an ounce. Be pretty unbelievable. I don't know when the Samsung technology will be widely
[00:08:31] [SPEAKER_04]: adopted but I think many of the EV companies are already looking at it based on the news I've read.
[00:08:36] [SPEAKER_04]: So you can go out and look at it, Samsung, EV technology, go type it into Google or brave or anywhere else
[00:08:41] [SPEAKER_04]: you look for your information. You can get all the details on it. Okay, so crypto, you know, the big
[00:08:47] [SPEAKER_04]: things we talk about crypto a little bit. We talk about ripple once in a while. I think ripples
[00:08:50] [SPEAKER_04]: are going to be potentially one of the kings out there XRP, you know what I'm talking about.
[00:08:57] [SPEAKER_04]: Obviously, they are signing deals all over the globe and I think Trump and his family
[00:09:03] [SPEAKER_04]: are completely aware of it. It seems like they're doubling down on the future of crypto. All
[00:09:09] [SPEAKER_04]: of his sons are involved. You know, Trump Jr. Eric Trump and of course, barren Trump is also involved
[00:09:17] [SPEAKER_04]: and they're talking about them. They're going to be leaving the slow and outdated big banks behind.
[00:09:22] [SPEAKER_04]: That means the swift system probably is what they're talking about and integrating into digital
[00:09:27] [SPEAKER_04]: currencies. I know nobody likes it. I'm not telling you I don't like cash. I've always used cash
[00:09:31] [SPEAKER_04]: my whole life but the end of the day. It's going away. You're going to be forced into this
[00:09:38] [SPEAKER_04]: digital currency thing. There's no doubt about it. They want to do it. Hopefully the federal reserve
[00:09:43] [SPEAKER_04]: won't be involved but it'll be hard to get them out at this point in my opinion, but we'll see what happens.
[00:09:47] [SPEAKER_04]: George, I guess you've got a video. I do. I always got a video. I always try to do stuff.
[00:09:53] [SPEAKER_05]: All right, here we go. Mr. Trumper. You and me live on Twitter spaces at 8 p.m.
[00:10:02] [SPEAKER_05]: the September 16th for the launch of World Liberty Financial. We're embracing the future with crypto
[00:10:08] [SPEAKER_05]: and leaving the slow and outdated big banks behind. I should hear that. We didn't know
[00:10:21] [SPEAKER_04]: that audio in R& was glitching but here's a deal. So World Liberty crypto project,
[00:10:25] [SPEAKER_04]: held by Donald Trump's family. It's going to be the information that it released on September 16th.
[00:10:31] [SPEAKER_04]: He announced his family. This is their cryptocurrency project and it aims to move away from
[00:10:36] [SPEAKER_04]: traditional banking by embracing cryptocurrencies. And of course he said this project last
[00:10:42] [SPEAKER_04]: Thursday. His family is looking at decentralized finance and that's what the World Liberty
[00:10:49] [SPEAKER_04]: Financial deal is going to be. They're embracing the future. This is an exact quote with crypto and
[00:10:56] [SPEAKER_04]: leaving slow and outdated big banks behind. So again, he's going to be making this announcement on
[00:11:02] [SPEAKER_04]: in a video he said. He's going to be on true social media. He's also. No, if he's doing his
[00:11:07] [SPEAKER_06]: expenses at September 16th he said. Expaces, interesting. Okay. So I want to, I want to know about
[00:11:14] [SPEAKER_06]: his crypto, right? Is it just the regular like coin? Is it back by anything? Like, I mean,
[00:11:20] [SPEAKER_06]: I mean, we can get any information out yet. I'm curious to know that.
[00:11:23] [SPEAKER_04]: Well, my guess is coin desk received a white paper on it and they said that it's a credit account
[00:11:29] [SPEAKER_04]: system built on the decentralized finance platform, and the Ethereum blockchain. And it's
[00:11:37] [SPEAKER_04]: basis is to facilitate decentralized borrowing and lending. So it's probably a services company,
[00:11:42] [SPEAKER_04]: although who knows many services company produces stable coin and or a coin to go along with it.
[00:11:47] [SPEAKER_04]: ExRP is a services company, but of course they've got XRP. I mean, Ripple is a services company,
[00:11:53] [SPEAKER_04]: but of course they've got XRP and of course they are talking about some additional stable coins.
[00:11:58] [SPEAKER_04]: So it's pretty interesting. You know, he wants the US peg stable coins around the world to
[00:12:05] [SPEAKER_04]: dominate is what the plan is. Now, the blockchain obviously being decentralized, they're looking
[00:12:10] [SPEAKER_04]: for ways to make sure that they're part of it. I don't blame them. What do you think George,
[00:12:16] [SPEAKER_04]: you think? Do you think this is a good move on Trump's part? Seems like it to me. It is because,
[00:12:21] [SPEAKER_06]: listen, we're going to be going to, at one point in other way that we like it or not,
[00:12:27] [SPEAKER_06]: and all digital currency. It's inevitable. Even said it talks about it Bible. So
[00:12:33] [SPEAKER_06]: question is, we should get ahead of it. We should be on top of it to keep the bad actors away.
[00:12:40] [SPEAKER_06]: And that's what, that's what he like I actually speak in the Kurdish and Johns from
[00:12:44] [SPEAKER_06]: solemn global. And that's a reason for doing it because we have to get ahead of it and get
[00:12:49] [SPEAKER_06]: a stop the bad guys from doing. If we could do that, we can win at this. But it's inevitable.
[00:12:54] [SPEAKER_06]: Digital currency is going to be there. It's just, it is what it is.
[00:12:58] [SPEAKER_04]: Yeah, and so the global's great company. It's a services company. It's a transaction,
[00:13:02] [SPEAKER_06]: old company. They've also got stable going in the rough. Yeah. Yes, sir. That's what I do.
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[00:15:02] [SPEAKER_04]: Listen, Trump, you know, he keeps doubling down. I'm sure Kamala will try to steal this. He now
[00:15:08] [SPEAKER_04]: announces a new tax plan to eliminate all taxes on overtime pay. He said that the people who work
[00:15:14] [SPEAKER_04]: overtime are among the hardest working citizens in our country. When you pass 40 hours a week,
[00:15:19] [SPEAKER_04]: your overtime hours will be tax free. More reasons to work overtime now you get to take more of it home.
[00:15:26] [SPEAKER_04]: Let's play that video. More reasons to vote for Trump. But yeah, exactly. I mean, come on.
[00:15:33] [SPEAKER_05]: Here we go. Today. I'm also announcing that as part of our additional tax cuts,
[00:15:38] [SPEAKER_05]: we will end all taxes on overtime. You know what that means?
[00:15:45] [SPEAKER_05]: Great to have. Great to have. Great to have. That gives people more of an incentive to work.
[00:16:05] [SPEAKER_05]: It gives the companies a lot. It's a lot easier to get the people and, you know, I went to some
[00:16:10] [SPEAKER_05]: economists, great ones and I said, what do you think they said? It would be unbelievable. You'll get a
[00:16:15] [SPEAKER_05]: whole new workforce by doing the no taxes on overtime. The people who work overtime are among
[00:16:25] [SPEAKER_05]: the hardest working citizens in our country. And for too long, no one in Washington has been
[00:16:30] [SPEAKER_05]: looking out for them. Those are the people that really work. They're police officers, nurses,
[00:16:37] [SPEAKER_05]: factory workers, construction workers, truck drivers and machine operators. It's time for the
[00:16:43] [SPEAKER_05]: working man and woman to finally catch a break and that's what we're doing because this is a good one.
[00:16:49] [SPEAKER_05]: And I think it's going to be great for the country. So that's why we will be saying that if you're
[00:16:55] [SPEAKER_05]: an overtime worker when you're past 40 hours a week, think of that. Your overtime hours will be
[00:17:03] [SPEAKER_05]: tax free. Okay? Good. You're going to have a plan. I mean, how can you not want to vote for that
[00:17:10] [SPEAKER_06]: man right there? I mean, people buster asses. I don't know what overtime is. I just work plenty of hours.
[00:17:19] [SPEAKER_06]: But being able to actually put effort and time away from your families to try to make extra
[00:17:25] [SPEAKER_06]: money to provide for your families and not be taxed on it is huge because when you work overtime
[00:17:31] [SPEAKER_06]: and it taxes, they take, they take more. But the toll it takes on the person who's doing the
[00:17:37] [SPEAKER_06]: overtime, whether a man or woman, it's stressful. It's a lot. And you want to be able to come home with
[00:17:41] [SPEAKER_06]: that big check and and show for the family and buy what you need to buy pay your bills, whatever
[00:17:47] [SPEAKER_06]: vacation. And so this is huge. Like any American in his country, I don't hear liberal, whatever
[00:17:53] [SPEAKER_06]: you are, Democrat, all-booking, mental left, right. I mean, you should be for this. Is this
[00:18:01] [SPEAKER_06]: benefits everybody? Who works overtime and he's the rich working overtime. We know that. It's
[00:18:07] [SPEAKER_06]: the middle class and lower class working overtime. Every state of work overtime. They just do
[00:18:12] [SPEAKER_04]: their 40 hours if you're lucky and go home. Right? I mean, there's no doubt obviously
[00:18:19] [SPEAKER_04]: people that are more financially affluent and they've saved their money and they've created
[00:18:25] [SPEAKER_04]: generational wealth. They don't feel the same obligation because of course the consequences of inflation
[00:18:32] [SPEAKER_04]: aren't as important to them. They don't feel the grind. Inflation continues to brutalize the American
[00:18:39] [SPEAKER_04]: public here but yet the European Central Bank here's some breaking news for you just cut interest
[00:18:43] [SPEAKER_04]: rates by a quarter percentage point, the three and a half percent in response to the falling
[00:18:48] [SPEAKER_04]: euro zone inflation numbers and signs that the blocks economy raise risk grinding to a halt
[00:18:54] [SPEAKER_04]: because their inflation has dropped. Incredible that the European market, which is always at higher
[00:18:59] [SPEAKER_04]: inflation than US, can out distance us and do a better job obviously they don't have to deal with
[00:19:04] [SPEAKER_04]: the consequences of a shitty institution like Joe Biden and Kamala Harris. So this is kind of a big
[00:19:12] [SPEAKER_04]: deal. Of course it's a response. The ECB president Christine Lagarde and Thursday's decision
[00:19:19] [SPEAKER_04]: to lower the benchmark deposit rate for the second time this year was unanimously decided.
[00:19:25] [SPEAKER_04]: I guess the cut in June was not that popular but it obviously worked. Such a banks are now
[00:19:30] [SPEAKER_04]: lowering rates in response to the education as the biggest inflationary surge for a generation
[00:19:35] [SPEAKER_04]: has faded while the US Federal Reserve expected to start cutting borrowing costs next week.
[00:19:42] [SPEAKER_04]: Referenceing the European Union but we haven't had any drop in inflation. Our inflation is still
[00:19:46] [SPEAKER_04]: going up. You can see it obviously at the pump at your own interest rates and of course right there
[00:19:52] [SPEAKER_04]: in your own shopping. What do you think, George? Chopping? You know last? I used to like how
[00:20:00] [SPEAKER_04]: what do I think about the European Union? Chopping I know what you feel about shopping. Your
[00:20:05] [SPEAKER_04]: angry is I am when I come out of the grocery stores nowadays. Yeah the European Union. Well,
[00:20:12] [SPEAKER_06]: if the European economy is lowering and inflation is high then you know it's over here too. I mean
[00:20:19] [SPEAKER_06]: you see the German economy they're not doing very well even China's not doing well. Well the
[00:20:25] [SPEAKER_04]: euro's the owner's important reporting that their inflation is dropping. Is it true? I have no idea
[00:20:30] [SPEAKER_04]: I don't live there. It doesn't seem like that when you look at the people the people that live
[00:20:34] [SPEAKER_04]: they're posting on some of the social media platforms that are complaining about it. Maybe it's
[00:20:38] [SPEAKER_04]: just fake news I don't know. Well this was going to get to so they're saying this drop and but yet
[00:20:43] [SPEAKER_06]: over here it's not. So that's why I don't know if I trust those numbers I don't trust any federal
[00:20:48] [SPEAKER_06]: government's numbers anymore whether it comes from this country or any country because all straight
[00:20:52] [SPEAKER_06]: up just globalists and liars but you would think like if we do good usually UK does good or
[00:20:58] [SPEAKER_06]: countries do good and if UK does bad and usually we do bad so I don't know it just does it's
[00:21:04] [SPEAKER_06]: not making sense in reports but you know we see how they funds the numbers we see them you know
[00:21:08] [SPEAKER_06]: court here you know inflating job numbers it was over what 800,000 that they um yeah that's
[00:21:14] [SPEAKER_04]: we doubt that that's a fake news that's meeting the drop but fake news in the fact that their
[00:21:18] [SPEAKER_04]: inflation is dropping I don't know that directly. I know my daughter this been traveling in Europe
[00:21:24] [SPEAKER_04]: quite a bit and she has told me that the prices for food and other items are considerably
[00:21:29] [SPEAKER_04]: less expensive than here in the United States when she goes to dinner with her friends
[00:21:33] [SPEAKER_04]: goes out for drinks and she's in Italy or Spain or somewhere else she tells me it is considerably
[00:21:40] [SPEAKER_04]: less money and that she shocked that the prices and the grocery stores are much lower. Now I can't
[00:21:45] [SPEAKER_04]: speak for Germany or any of the Netherlands she hasn't been there she's been mostly down in the
[00:21:53] [SPEAKER_04]: Hillary Islands but again it's hard to say now you know it's interesting you start looking at
[00:21:58] [SPEAKER_04]: these global markets and you see the effects we know it's when I would bond yields across the globe
[00:22:03] [SPEAKER_04]: China's bond yields just sank to a record low and obviously there's going to be some
[00:22:08] [SPEAKER_04]: intervention I guess maybe the China's bond traders defied signs of intervention to push
[00:22:14] [SPEAKER_04]: sovereign yields to a record low and this is setting up the stage for a showdown with authority
[00:22:19] [SPEAKER_04]: seeking to tame the blistering debt rally so I guess the yield on most actively traded 10-year
[00:22:25] [SPEAKER_04]: sovereign notes slid to 2.075% a level unseen since official record became available in 2002
[00:22:36] [SPEAKER_04]: so that's when the record became available and they haven't had that low yield since
[00:22:41] [SPEAKER_04]: the state banks were seen becoming more active and selling long dated bonds in the secondary
[00:22:46] [SPEAKER_04]: market in the recent days and I guess that people's bank of China may have intervened to
[00:22:51] [SPEAKER_04]: cool the rally that's what the CCP does they will shut it down obviously a development like
[00:22:56] [SPEAKER_04]: this is underscoring in my opinion the wide difference between where traders and Chinese policy
[00:23:01] [SPEAKER_04]: makers defer obviously the government the CCP believes that the yield should be in one spot
[00:23:08] [SPEAKER_04]: and the traders believe they should be in another spot we know that the governments finances in
[00:23:14] [SPEAKER_04]: China are having major issues the meltdown in the real estate market commercial and residential
[00:23:20] [SPEAKER_04]: has really drained a lot of liquidity so I don't know what are your thoughts here George?
[00:23:26] [SPEAKER_06]: Oh listen the traders you know they're they're been on like 10-year hooks since last month
[00:23:31] [SPEAKER_06]: right these are traders even one you know pushing all the money and trades and making a kind of
[00:23:36] [SPEAKER_06]: but Beijing is pushing back against a bond rally and they're giving verbal warnings
[00:23:43] [SPEAKER_06]: who direct intervention so what does it tell you the government is trying to hide something
[00:23:49] [SPEAKER_06]: they don't want they don't want the world or anybody to see what's really going on we all know
[00:23:53] [SPEAKER_06]: like their housing market is terrible over there how many banks are already um
[00:23:59] [SPEAKER_06]: faltered over there failed yeah yeah I mean and they you know either they bail them out and
[00:24:04] [SPEAKER_06]: like people are at the banks like trying to get their money and they couldn't well a lot of the
[00:24:08] [SPEAKER_04]: real estate companies have gone bankrupt they've tried to float them but it's not working
[00:24:12] [SPEAKER_04]: that they've gone belly up of course geez it's he is he is in ping that was not problem with that
[00:24:20] [SPEAKER_04]: obviously he wants the government officials at all levels to make sure the country's
[00:24:24] [SPEAKER_04]: annual you know published growth targets are met which is really manipulation right if it's not a
[00:24:30] [SPEAKER_04]: number he's just falsifying the growth numbers for the world stage we've heard a lot of things
[00:24:36] [SPEAKER_04]: from the NFSC that our friends over there and they've told us that the government is hanging on
[00:24:41] [SPEAKER_06]: by a thread financially uh what are your thoughts there they are I mean look they say for like days
[00:24:49] [SPEAKER_06]: now the state lenders were seen selling a 10 years special sovereign bond that's mostly owned by the
[00:24:58] [SPEAKER_06]: ERPBOC yeah you know the state lenders they're trying to sell and get get out but
[00:25:03] [SPEAKER_06]: you have a well communist regime pushing back on them and it supposedly um there's also something
[00:25:09] [SPEAKER_06]: that China's trying to do is sell US more their US um get that they from US they want to get rid of
[00:25:19] [SPEAKER_06]: it they're trying to get rid of more so the why cause you have bricks they don't you know the
[00:25:24] [SPEAKER_06]: dollar here's isn't as strong as it used to be can it get back uh you let Trump in it well 35 trillion
[00:25:32] [SPEAKER_04]: and debt yeah Trump's probably you're only hope for that market uh you know the key indicators in
[00:25:37] [SPEAKER_04]: China they're saying that credit growth retail sales and fixed asset investments are all going to come
[00:25:43] [SPEAKER_04]: in lower they think they're gonna see weakness in all those which I think is gonna continue to put
[00:25:47] [SPEAKER_04]: additional pressure uh so you know this is one of those things we gotta keep an eye on it as goes
[00:25:52] [SPEAKER_04]: the world as goes you know as goes the US as goes the world and I think what we're seeing here
[00:25:58] [SPEAKER_04]: is more of the same uh the Chinese government wants to cover up the true uh issue with their financial
[00:26:05] [SPEAKER_04]: markets and what's going on in their own bond market and their own finances that are government
[00:26:08] [SPEAKER_06]: and this is the best way to do it right it is but you know what i'm gonna take a break we'll be
[00:26:14] [SPEAKER_06]: back in a few minutes oh you go nowhere because we got more financial news to cover big stuff coming on
[00:26:20] [SPEAKER_06]: interest payments a national debt as sir ask one trillion oh my god where we going yep
[00:26:26] [SPEAKER_06]: find an inflation find an average trillion only a trillion right that's right pocket change
[00:26:31] [SPEAKER_01]: will be right back in going away i said american who keeps up with the real news you know by now
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[00:29:30] [SPEAKER_06]: tomorrow brings order now welcome back to the big make show financial genesis school group
[00:29:49] [SPEAKER_06]: unfortunately did not hear today because they're on a weren't trip to Las Vegas but they also
[00:29:53] [SPEAKER_06]: had that um earthquake that affected a lot of people i don't know how that all infected them too but
[00:29:59] [SPEAKER_06]: they're here and spirit with us but we always say the show must go on before i get going though i
[00:30:04] [SPEAKER_06]: do want to say if you got all can give your prayers out for rat dog her uncle passed away this morning
[00:30:12] [SPEAKER_06]: at least demand is not suffering anymore isn't it happy and new place with god jesus christian
[00:30:18] [SPEAKER_06]: other family members so prayers out to her and her family you appreciate that yeah rat dog prayers
[00:30:25] [SPEAKER_04]: with you and here on the global finance forum uh obviously powered by genesis gold group you know
[00:30:31] [SPEAKER_04]: that we're trying to give you the extra tools and extra information that maybe you don't get
[00:30:36] [SPEAKER_04]: elsewhere we try to we try to carve it down to the real information as usual but sure i guess
[00:30:42] [SPEAKER_06]: we got a quick shout out you got to do yeah genesis gold group our sponsor so you know look we
[00:30:49] [SPEAKER_06]: we're talking about volatility of markets inflation interest rates there's economic uncertainty
[00:30:55] [SPEAKER_06]: there's persistent inflation rising interest rates the housing we came by house it's too expensive
[00:31:00] [SPEAKER_06]: despite the fact that we deserve you know they want to you know tell us a soft landing there's
[00:31:05] [SPEAKER_06]: nothing soft what's going to happen it's all shown recession we just showed you a chart today
[00:31:10] [SPEAKER_06]: where it markets show one thing but the goal to show another and it's shown recession
[00:31:16] [SPEAKER_06]: so what this is leading to a surge in interest in physical gold and silver but many americans
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[00:32:19] [SPEAKER_06]: so what does that happen what happens with that there's no more paper currency you know to
[00:32:23] [SPEAKER_06]: buy stuff free without the government known whatever you want to do with it however
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[00:32:36] [SPEAKER_06]: of three different denominations to fit a multiple needs what is one of those needs
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[00:33:21] [SPEAKER_06]: a lose get your free IRA guide nothing to lose yeah that guides free and it's actually really
[00:33:27] [SPEAKER_04]: really good i've got a copy of it it's really interesting reading you know if nothing else
[00:33:32] [SPEAKER_04]: you learn a lot but i think it's gonna lead you to questions and and i think for people especially
[00:33:36] [SPEAKER_04]: when you get a little older you have to be more conservative about your investments so it
[00:33:40] [SPEAKER_04]: makes sense to be in precious metals and i have to tell you right now i tell you to heavily
[00:33:44] [SPEAKER_04]: wait a silver based on that new technology we discussed at the first part of the show but you make
[00:33:49] [SPEAKER_04]: your own decisions we're not financial advisors this is not financial advice talk to your financial
[00:33:53] [SPEAKER_04]: experts to advise your family charge balance actually you want something so silver please
[00:34:00] [SPEAKER_06]: few months ago was at twenty four today it's trading at thirty one yeah so what does that tell
[00:34:07] [SPEAKER_06]: you people even gold is up but silver if you like to land set earlier with uh uh uh uh
[00:34:12] [SPEAKER_06]: evi batteries from was it samsung you said right samsung what's going to check now we can
[00:34:17] [SPEAKER_06]: have fishy come down and silver's gonna be more more money i mean a lot of people won't buy
[00:34:23] [SPEAKER_04]: any evi George because they don't like the charging times they don't like the charging times at their
[00:34:26] [SPEAKER_04]: they don't like the charging times at the charging stations this new technology allegedly can
[00:34:32] [SPEAKER_04]: charge your vehicle full in under ten minutes it's unbelievable i mean if it's true and i believe
[00:34:39] [SPEAKER_04]: it is because the press has been covering like crazy it's going to change the buying perspective
[00:34:43] [SPEAKER_04]: for a lot of people because a lot of people myself included i don't want to buy an evi just don't
[00:34:49] [SPEAKER_04]: don't want to deal with all that sitting around and waiting in long-line doesn't make any sense
[00:34:53] [SPEAKER_04]: so so the national debt we've talked about at many times on our regular show we've talked
[00:35:00] [SPEAKER_04]: about it in the global finance forum obviously uh this show right now is happening every other
[00:35:05] [SPEAKER_04]: Friday we may move to an every Friday model lots of interest and lots of people have been
[00:35:10] [SPEAKER_04]: asking us can you do it every Friday so if you guys like the show and you want to see it every
[00:35:14] [SPEAKER_04]: Friday let us know in the chat you can also email us at gb at the bigmig.com or lm at the bigmig.com
[00:35:20] [SPEAKER_04]: well listen uh the interest payments are debt 35 plus trillion at this point the debt has now surpassed
[00:35:30] [SPEAKER_04]: one trillion yearly just to service it that's up 30% from last year that tells you that our
[00:35:38] [SPEAKER_04]: government isn't doing a very good job that includes not only the democrats but the republicans
[00:35:43] [SPEAKER_04]: are also responsible in my opinion rising rates a swelling deficit push projected payments
[00:35:48] [SPEAKER_04]: to 1.15 a trillion for the year now understand that's just for this year that means we're going
[00:35:56] [SPEAKER_04]: to have more by the end of the year that means next year you could be looking at $2 trillion
[00:36:01] [SPEAKER_04]: by the same time or maybe more unless they get this under the control this is the first time
[00:36:06] [SPEAKER_04]: that the government has spent more than one trillion in this year on interest payments it's never
[00:36:10] [SPEAKER_04]: happened before and the exact number right now is 35.3 trillion a national debt the treasury department
[00:36:17] [SPEAKER_04]: no answers just they just say it like it is federal reserve a privately held institution is obviously
[00:36:23] [SPEAKER_04]: enjoying taking in all this money the people that owner are getting richer and richer so the government
[00:36:29] [SPEAKER_04]: debt service up 30% jorjji I think this is sustainable I mean this seems absolutely a major problem
[00:36:36] [SPEAKER_04]: and of course on the world stage everybody around the globe is talking about it.
[00:36:40] [SPEAKER_06]: is it sustainable it hasn't been sustainable for probably over 20 years but they I don't they just
[00:36:47] [SPEAKER_06]: keep printing money and giving it away this the problem with all these when the congress wants
[00:36:52] [SPEAKER_06]: to you know slip out $4,000 page bill and give you less than 24 hours a week for a close to the floor
[00:36:58] [SPEAKER_06]: these are reasons why because they're just giving money when we're going to stop just
[00:37:04] [SPEAKER_06]: giving money freely away especially for stuff like I don't know was it pack a stand Syria
[00:37:09] [SPEAKER_06]: for LGBTQ um learning education and stuff like that what is it while people here in this
[00:37:17] [SPEAKER_06]: country is suffering one trillion I mean it's crazy this is why you know also Trump said he's going
[00:37:23] [SPEAKER_06]: to bring Elon Musk in who can back this um government waste it could be done we could do it
[00:37:31] [SPEAKER_06]: we can balance the budget we can balance on spending you just got a not waste money on
[00:37:36] [SPEAKER_04]: things that we don't need well how about the illegal invaders George how many billions
[00:37:41] [SPEAKER_04]: state and federal have we spent they took money out of the covid pandemic uh uh you know money
[00:37:47] [SPEAKER_04]: that they put aside and they're using it for illegal invaders paying for their airline tickets paying
[00:37:53] [SPEAKER_04]: for their $10,000 preloaded debit cards I mean it's nauseating uh you know so so the fiscal year
[00:37:59] [SPEAKER_04]: for the federal government you guys know lens ends in less than a month you know but still this is
[00:38:06] [SPEAKER_04]: crazy uh the student debt forgiveness that's gonna add to it you know they they're talking about
[00:38:11] [SPEAKER_04]: doing more of that which I paid my student loans and I know George paid his um the total deficit when
[00:38:19] [SPEAKER_04]: you start taking it in 1.9 trillion well 24% increased from the same point of year ago it's a crazy
[00:38:25] [SPEAKER_04]: number I don't even this is really hard for me to even wrap my head around when you start talking
[00:38:29] [SPEAKER_06]: about trillions I just want to clarify something yeah yeah as you know no matter what big means show
[00:38:34] [SPEAKER_06]: financial show we always tell the truth I did not have any school loans that I had to pay off
[00:38:39] [SPEAKER_06]: oh I thought you did no no they're a paid from the get go there's no loans taken or none of that so
[00:38:45] [SPEAKER_06]: I know but I know you paid some student loans I know I know you had student loans but yeah it
[00:38:50] [SPEAKER_06]: is your right it's not fair all these people that paid just they're loans you know speaking
[00:38:56] [SPEAKER_06]: of which i'm gonna bring a point up because when we talked about um um comella herises um
[00:39:02] [SPEAKER_06]: economic plan she wants to do what i think is 25% in capital gains right so well wait wait I
[00:39:10] [SPEAKER_06]: unrealized capital gains so here's my question here's my question so let's say you have a house
[00:39:16] [SPEAKER_06]: and it's worth 200,000 for example and three years later it goes up to 300,000 or 400,000
[00:39:24] [SPEAKER_06]: you've got to pay to capital gains of the difference to the government but what if let's say
[00:39:30] [SPEAKER_06]: a year later something the value goes down are they gonna give you that difference back?
[00:39:36] [SPEAKER_06]: no idea they haven't gotten all the same amount you think they were thinking what well you would think
[00:39:41] [SPEAKER_04]: that you would think that would be written into the policy terms but at the end of the day why should
[00:39:45] [SPEAKER_06]: you pay it all it's on real no capital gains I of course i'm just saying that because
[00:39:50] [SPEAKER_06]: the government is no way gonna give you money back and we're saying oh it'll prop you
[00:40:00] [SPEAKER_06]: think come and take it but when they want they have to give it out in that sense they're not gonna
[00:40:04] [SPEAKER_04]: yeah Donald Trump is the only uh business person that's been present in the United States in my
[00:40:10] [SPEAKER_04]: opinion in a very long time these people that go in there are career politicians like Kamala Harris
[00:40:14] [SPEAKER_04]: like Joe Biden have no experience in business and they come up with these these these uh decisions
[00:40:20] [SPEAKER_04]: right or these ideas like uh taxing unrealized capital gains at the tune of 25% which could
[00:40:27] [SPEAKER_04]: a lot of people in serious trouble because some people's homes some people are retired and their
[00:40:31] [SPEAKER_04]: homes paid off all of a sudden they've lived in the same house for 30 years they might have a massive
[00:40:36] [SPEAKER_04]: bill a lot of people can't afford that they could lose their properties here's my point
[00:40:41] [SPEAKER_04]: you know when you look at this and then and you look at the craziness of this how can you
[00:40:45] [SPEAKER_04]: think about anybody but Trump these people don't have your best interest at heart they're not
[00:40:51] [SPEAKER_04]: thinking about that and instead of saying oh we're gonna stop spending we're gonna get rid of the
[00:40:56] [SPEAKER_04]: FDA we're gonna get rid of the CDC no they don't do that they just increase their budgets and
[00:41:01] [SPEAKER_04]: then they decide how they're gonna try to take more out of the American people's pocket and of
[00:41:05] [SPEAKER_04]: course it's really impacts uh the middle class more than anybody else they take the biggest hit
[00:41:11] [SPEAKER_04]: but listen consumer credit card charge off said US banks are up 3% year to date that's the highest
[00:41:17] [SPEAKER_04]: level in 13 years uh when you start looking at charge off on credit cards where people are
[00:41:26] [SPEAKER_04]: collected has more than doubled in two years according to an FDIC report did you hear that
[00:41:32] [SPEAKER_04]: credit card debt has more than doubled assertive and driven by elevated interest rates of course
[00:41:38] [SPEAKER_04]: rising price and uncertain economic outlook of course people being uh trying to make up the
[00:41:43] [SPEAKER_04]: shortfall at home not being able to cover their bills are using credit cards to do that
[00:41:47] [SPEAKER_04]: Americans now owe a record 1.14 trillion on their credit card and pay a record 22.8% interest
[00:41:55] [SPEAKER_04]: on this debt meanwhile the average debt balance hit a whopping 6,329 and quarter two up 4.8%
[00:42:03] [SPEAKER_04]: year over year they are struggling to pay up this debt charge you know this has been stuff we've
[00:42:08] [SPEAKER_04]: talked about more than once frightening that's a huge huge number we're talking about um it is huge
[00:42:16] [SPEAKER_06]: because I can try to pay off debt when everything costs so much money it's just it's simple
[00:42:21] [SPEAKER_06]: economics here it's not really difficult but when you have inflated food prices gas prices
[00:42:30] [SPEAKER_06]: all your electric and gas prices for your home i mean the amount of money that um
[00:42:36] [SPEAKER_06]: our electric bills and stuff just went up it's it's crazy it's asianimical it's insane my bill is doubled
[00:42:42] [SPEAKER_06]: my bill is doubled so but yeah where people are making the same amount of money so they can't
[00:42:51] [SPEAKER_06]: that these people can accept this and want to just be boarding in that in that way in that sense because
[00:43:00] [SPEAKER_06]: it's we like to not be political on a show but you have to you have to engage politics because
[00:43:06] [SPEAKER_04]: this is what creates this yes the finance the finance the feds the government is they make financially
[00:43:14] [SPEAKER_06]: the impact so it's it's more than doubled in two years i mean that's a lot
[00:43:24] [SPEAKER_04]: well we know that they don't always report the numbers correctly and that makes me even more
[00:43:28] [SPEAKER_04]: nervous because some of the numbers were getting reported these are government reporting numbers i
[00:43:32] [SPEAKER_04]: think they've changed the system to reporting and they own it always under report but man this is
[00:43:37] [SPEAKER_04]: really bad this next thing we're going to talk about and I think more of it's to come George you're
[00:43:42] [SPEAKER_04]: really ahead of this is this the US unemployment now understand that we think they've been
[00:43:47] [SPEAKER_04]: under reporting the true unemployment numbers and if they've altered the way they report the numbers
[00:43:51] [SPEAKER_04]: just like they have for many other things in reporting whether it's violent crime whether it's
[00:43:56] [SPEAKER_04]: debt US debt and of course things like social security and the impact on our retired community
[00:44:03] [SPEAKER_04]: on how they're able to cover their nut the US government continues to lie about that
[00:44:07] [SPEAKER_04]: US unemployment rate is set to rise further tell me about this George you know this story it is so
[00:44:13] [SPEAKER_06]: the like the leading indicators right they're suggesting that the jobless rate will rise
[00:44:17] [SPEAKER_06]: at least one percentage point in the upcoming months right to 5.5 percent now this release
[00:44:25] [SPEAKER_06]: comes from a thing called non-farm payrolls data from all from August coming out this morning
[00:44:32] [SPEAKER_06]: I didn't get the report and have time to look but this is what affects a lot of things so it says
[00:44:37] [SPEAKER_06]: it will Wall Street estimated analysis are looking at the US economy added uh 165,000 jobs last month
[00:44:44] [SPEAKER_06]: which is a bug in it yeah which is above the three-month average of 153 however
[00:44:50] [SPEAKER_06]: this you know if you look at it oh yeah looks good solid you know strong we got all these jobs
[00:44:56] [SPEAKER_06]: but as most of you know the labor market realities completely different
[00:45:02] [SPEAKER_06]: US job growth is moderating projected August payrolls game is seen consistent with cooler hiring
[00:45:08] [SPEAKER_06]: trend I want to show you this graph I'm going to talk so coming back to the previous
[00:45:15] [SPEAKER_06]: print the non-farm payrolls for July came at 114,000 below the estimated 176,000 the lowest
[00:45:24] [SPEAKER_06]: levels since January 2021 now the unemployment rate jumped to 4.3 from 4.1 above average expectations
[00:45:34] [SPEAKER_06]: of 4.1 what does that say and they don't tell you certain numbers but they don't want to give you
[00:45:40] [SPEAKER_06]: the whole picture I like they'll paint you like one or two layers or we're giving you like the
[00:45:45] [SPEAKER_06]: Picasso right here this way I can give you analysis right we're giving you the mural
[00:45:50] [SPEAKER_06]: this is this how they trick you and stuff now Trump would actually Trump went put this on
[00:45:57] [SPEAKER_06]: as one of his rallies and showed it like this Trump you can use this by all means ahead
[00:46:03] [SPEAKER_06]: it show people what's going on I mean just like if you I don't give you comparison there's
[00:46:10] [SPEAKER_06]: like the other day when they said oh there's no um patient cheating cats and dogs and
[00:46:16] [SPEAKER_06]: geese all that because they didn't want to see because people are telling them it's not it's not
[00:46:22] [SPEAKER_06]: happening people in like a higher office of the manager town however you go to people that
[00:46:26] [SPEAKER_06]: living in town and videos and stuff it tells you whole different story kind of the same kind
[00:46:32] [SPEAKER_04]: there's no doubt and I think it's because the job growth that they're showing is really coming from
[00:46:37] [SPEAKER_04]: government jobs so the government creates jobs within their industry because they continue to grow
[00:46:41] [SPEAKER_04]: unnecessarily it's not needed but they continue to add jobs within our government institutions
[00:46:46] [SPEAKER_04]: and they use that to offset the loss so they're kind of playing a game if they create a bunch
[00:46:51] [SPEAKER_04]: of jobs over at the Social Security Administration or the Board of Education it falsifies the real numbers
[00:46:56] [SPEAKER_04]: of the payroll growth right so you know the actual private payrolls only accounted for in
[00:47:02] [SPEAKER_04]: this accounting the government's using only 38% in July that's the lowest that they've ever used
[00:47:07] [SPEAKER_04]: before so you have to start thinking when they start doing when the number of states or with you
[00:47:11] [SPEAKER_04]: know a month to month numbers arising unemployment and it's sort of the highest level since 2009
[00:47:17] [SPEAKER_04]: in all the states you would have to think that the federal government have a different reporting but
[00:47:21] [SPEAKER_04]: they don't they especially going into an election they're going to lie to you about these numbers
[00:47:25] [SPEAKER_04]: they want to massage them and they want to try to tell you that it's not what it is
[00:47:30] [SPEAKER_06]: so now you made a good point though about the election hold on I want to say what you say so
[00:47:35] [SPEAKER_06]: you just made awesome awesome point lands defense is supposedly going to lower the interest rates
[00:47:41] [SPEAKER_06]: by a court of point and look at the timeframe what they're doing you said why because we have an
[00:47:46] [SPEAKER_06]: election coming up that's all the reason you know and they say all the white house has nothing to do
[00:47:52] [SPEAKER_06]: with the feds we don't interest rates alone a only reason they're doing it is to try to get
[00:47:57] [SPEAKER_06]: this administration back in meanwhile I don't I mean it's just rates are killing everybody
[00:48:04] [SPEAKER_06]: I mean lands I was I mean awesome point awesome elections have consequences election years
[00:48:11] [SPEAKER_04]: I always feel like they they they they they cheat in lie and modify any of the accounting numbers
[00:48:16] [SPEAKER_04]: more than ever because they want to create a false picture that this this administration is doing
[00:48:22] [SPEAKER_04]: better job than the arkas is always somebody getting elected right in this case we've got a
[00:48:25] [SPEAKER_04]: democratic controlled presidency and vice presidency at this point they want another democratic
[00:48:30] [SPEAKER_04]: control institutions so they have to try to prove that these democrats did a good job but let me
[00:48:34] [SPEAKER_04]: just say this the failing of our economy and the inflation you see this is this is a uniparty issue
[00:48:40] [SPEAKER_04]: both sides of the aisle responsible don't underestimate it at the end of the day you've got
[00:48:44] [SPEAKER_04]: a vote smart I've saved vote for the business guy but what's important is to recognize when you
[00:48:49] [SPEAKER_04]: read these numbers in the mainstream media I don't care if it's MSNBC CNN whatever the
[00:48:55] [SPEAKER_04]: what the institution you choose hopefully you don't choose any of those hopefully you choose
[00:48:58] [SPEAKER_04]: all media to get your information but if you do you have to realize that every number you're
[00:49:04] [SPEAKER_04]: seeing is incorrect and if we were using all reporting systems for 10 20 years ago the numbers
[00:49:09] [SPEAKER_04]: would be going against them but they keep cheating the numbers they modify this modify that
[00:49:14] [SPEAKER_04]: modify where they draw the numbers from and you have to realize it listen we are out of time
[00:49:19] [SPEAKER_04]: for today oh no no George you have another I didn't want to cut your off there so I just want to go
[00:49:23] [SPEAKER_06]: I mean we didn't show this graph I just want to show it oh please I know you think you talked about it
[00:49:29] [SPEAKER_06]: but like we were just saying here analysis you know they expect the job is right the fall
[00:49:33] [SPEAKER_06]: to 4.2% in August but we were just saying this but blaming certain it's nothing but nothing else
[00:49:39] [SPEAKER_06]: a noise and information for a short term market traders so when you brought it up you know
[00:49:46] [SPEAKER_06]: jog roll this is coming from the government but I want to say one thing before we go
[00:49:51] [SPEAKER_04]: yeah and I want to see one more thing I've done one more thing I want to add the big big show is
[00:49:54] [SPEAKER_06]: expanding rapidly and soon we're going to be having another show maybe probably in a month it's
[00:50:01] [SPEAKER_06]: going to be with solemn global it's all about blockchain crypto you know your digital assets
[00:50:08] [SPEAKER_06]: wallet and hopefully it's coming soon but so it's going to be a daytime show even financial for the
[00:50:16] [SPEAKER_04]: daytime wait daytime traders come check us out yeah it's going to be leaning towards crypto you know
[00:50:21] [SPEAKER_04]: we think that the new generator will well that's going to get created and it's an opportunity
[00:50:25] [SPEAKER_04]: crypto is one of those things and for many people they don't understand it ourselves included we do the
[00:50:31] [SPEAKER_04]: best to educate ourselves on a regular basis we've been non-substudying since this relationship with
[00:50:36] [SPEAKER_04]: solemn global uh uptick but you know creating generational wealth I believe the future is crypto I
[00:50:44] [SPEAKER_04]: think there's opportunities uh for inexpensive buy-ins there's lots of coins that are still moving yeah
[00:50:49] [SPEAKER_04]: sure you can't afford Bitcoin or maybe you can't afford Ethereum but you might be able to
[00:50:53] [SPEAKER_04]: afford XRP or XLM or XDC I think those coins have bright futures I'm not advising you the what
[00:51:00] [SPEAKER_04]: we want to do is create an educational platform hopefully like a crypto university with experts
[00:51:06] [SPEAKER_04]: from around the globe we're going to look at the crypto market and not only this country but other
[00:51:11] [SPEAKER_04]: countries because there are possibilities across the globe to get in I know you've got service companies
[00:51:16] [SPEAKER_04]: where you could buy the stock of a service company a company like Ripple or Coinbase or one of the
[00:51:21] [SPEAKER_04]: other companies that that makes sense for you because obviously there the lot of the companies are
[00:51:25] [SPEAKER_04]: going to be in the United States with the services then of course there's the coins themselves
[00:51:29] [SPEAKER_04]: uh stable coins are relatively stable but there are a lot of coins with upside now I'm not a big
[00:51:34] [SPEAKER_04]: mean celebrity coin guy I know people have made a lot of money in them they make me nervous because
[00:51:38] [SPEAKER_04]: I think people make money on the way up uh that got in early and then a lot of people get into
[00:51:44] [SPEAKER_04]: late and then they lose tremendous amounts of money on the way down so I'm looking for companies
[00:51:49] [SPEAKER_04]: that are service related we're going to try to give you what I would call the blue trip
[00:51:53] [SPEAKER_04]: blue chip, blue chip, picture of crypto and we're going to try to educate you along the way by
[00:52:00] [SPEAKER_04]: bringing the right people on from around the globe like we usually do for uh interviews so hopefully
[00:52:05] [SPEAKER_06]: you guys are excited about that because we are. I was going to bring that uplands the blue chip
[00:52:09] [SPEAKER_06]: crypto so for people I might not know blue chip crypto is it's not your just your mean
[00:52:15] [SPEAKER_06]: coins are better just people putting out there trying to flate. Blue chip crypto is is like the
[00:52:22] [SPEAKER_06]: acclaiming of crop of crypto which is backed by either precious metals usually precious metals so
[00:52:28] [SPEAKER_06]: when you're dealing with them phony uh pumping dump things because we need to have to offer it
[00:52:32] [SPEAKER_04]: and I don't want to say they're phony but I do want to say that they're extremely speculative
[00:52:37] [SPEAKER_04]: and I think what's important George I think you bring up a very valid point now not every blue
[00:52:41] [SPEAKER_04]: chip point is backed a lot of people consider Bitcoin a blue chip and they consider Ethereum a
[00:52:45] [SPEAKER_04]: blue chip. I believe Ethereum is a blue chip because I think the blockchain needs Ethereum
[00:52:51] [SPEAKER_04]: but I don't think uh an Ethereum you know of course benefits the blockchain Bitcoin needs the
[00:52:57] [SPEAKER_04]: blockchain but the blockchain doesn't need Bitcoin Bitcoin doesn't provide me services in my opinion
[00:53:03] [SPEAKER_04]: it's more of a dark fund uh coin a lot of people believe in it they believe long terms there
[00:53:09] [SPEAKER_04]: I'm not going to down talk it you know maybe I'm not an expert at this point but I am going to be
[00:53:13] [SPEAKER_04]: being preble on that I'm going to tell you that there are other coins that have lots of lots of
[00:53:18] [SPEAKER_04]: upside left in them that maybe are more predictable and maybe more reliable and maybe safer
[00:53:24] [SPEAKER_04]: so I think that's what's important anyway a global finance form another one in the bucket we
[00:53:29] [SPEAKER_04]: appreciate you guys tuning in next time we'll be rejoined by obviously Jonathan Rose it'll be great
[00:53:37] [SPEAKER_04]: having back on the show because obviously he has a whole new level of knowledge sure he'll be
[00:53:42] [SPEAKER_04]: excited maybe gold to be up another hundred dollars and maybe you guys we're looking at his going
[00:53:45] [SPEAKER_04]: gosh I wish I bought but maybe George lives gold prep or bar by then yeah if you're watching this just
[00:53:51] [SPEAKER_04]: letting you know intent George's always hand-tint there's my silver one uh but again having the silver
[00:53:57] [SPEAKER_04]: ones are great it's a way to pay for things in case the US dollar fails now forget last thing get
[00:54:01] [SPEAKER_04]: over to chances go go to the bigminkgold.com if nothing else just go order the guide
[00:54:07] [SPEAKER_04]: they're not going to hard pressure they do not do pressure sales over there just go over there
[00:54:11] [SPEAKER_04]: order the guide have them send you the guide say you want some time to look at it and read it
[00:54:15] [SPEAKER_04]: if you want additional information you call over there and you can talk to one of the experts
[00:54:19] [SPEAKER_04]: over Genesis gold and find out if moving some over your retirement accounts makes sense I can tell
[00:54:26] [SPEAKER_04]: you that I think silver's going to weigh out perform everything in the market again I'm not a
[00:54:30] [SPEAKER_04]: financial expert but I believe silver's going to be surprising over the next couple of years with
[00:54:36] [SPEAKER_04]: these new technologies that are coming on so global finance form we are out of here stay tuned
[00:54:41] [SPEAKER_04]: watch your money watch the show join us again two weeks I know not next Friday but the Friday
[00:54:47] [SPEAKER_06]: after we'll leave back all right now we got to show tonight something p.m. eastern either
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