THE BIG MIG SHOW
NOVEMBER 08, 2024
EPISODE 413– 12PM
As the world closely watches the shifting political landscape, the potential reelection of Donald Trump could lead to significant changes across key economic sectors. By examining his previous administration’s policies and the market’s historical reactions, we can forecast potential impacts on the stock market, crypto markets, precious metals, inflation, government spending, and the broader economy. This analysis provides insights into what a Trump victory might mean for these critical areas.
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SUPPORT US:
00:00:30
Music. The.
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Welcome back to the Big big show global finance forum powered by
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Genesis Gold group, of course with your host Jonathan Rose,
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Jacob Diaz, Lance Miliaccio and George Ballantine.
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From bullion to borders, you know we are going to your go to
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source for cutting edge insights in the world of finance and you
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know we're going to cover it all.
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Genesis gold group believes in empowering faith driven
00:01:38
stewardship. We're gold and silver and
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integral part of a balanced portfolio.
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Protecting your finances with precious metals has never been
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more crucial. Join us as we explore the versus
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shaping global markets, the power of precious metals, and
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the dynamics that influence economies across borders.
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George Ballantine what's going on brother?
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You got a dress shirt? You're all flared up today.
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What's going on man? You got your fit going?
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Yep. What's the?
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Story I didn't want to give Jonathan any ammo to not want to
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give me a gold pepper bar, so I thought let me dress up.
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I put the new stock. Dressing up, that would do it.
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I. Put the new stock ticker on
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today too. Nobody said anything.
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You know, I, you know, I guess I don't know.
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Am I the only one paying attention here?
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Well, we don't have mine yet, so it's hard.
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To Oh, he look, he's he's bickering.
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Let's just bring him on. Let's bring him on because
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they're bickering. Let me give him a chance.
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What's up fellas? Morning fellas.
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You both look great. I got no rebuttal today.
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I mean, George, you're looking like a grown up, so.
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Funny, got to take that shot. But you know, that's that
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British sense of humor. We were just talking about it a
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few minutes backstage. Now, just for the audience,
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Jonathan's going to have to leave a little bit early.
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They're both a little underweather.
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They both caught themselves a little bit of a flu cold bug and
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not sure. So we got to enjoy them while
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they're here. Before we get fired up, I want
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to talk about the prepper bar. Of course, 62.2g prepper bar
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perforated easily broken down into your choice of three
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different denominations to fit a multitude of needs.
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Whether it be for asset protection, action from
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inflation, economic turmoil, or its unique utility for barter
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and trade, the prepper bar of course makes a perfect gift.
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Holidays are closing in and those precious metal lovers and
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stackers out. You, you know, they'd love to
00:03:16
have this obviously exclusively made in the US, meaning that
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it's mined in the US and it's minted in the US.
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You don't have to worry about any fraudulent bullion in this
00:03:25
situation. And there's more of that going
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on. You realize, I just read another
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article about it that they're facing an issue of that
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nationwide, actually, I should say worldwide.
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So look, this obviously since it's made here, you don't have
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to worry about that. And of course, it's available in
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both gold and silver. They've got them in stock right
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now. The slim prepper bar, I'll hold
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it sideways. Of course, ours are in a plastic
00:03:46
case, so it's very thin, fits neatly in your wallet, and
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obviously their utility enables us to use it in any kind of a
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situation. You never know what's going to
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happen with the US dollar. It's better to be safe as safe
00:03:56
than sorry. Of course, you go to
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thebigmigbar.com, That's the Bigmig bar.com.
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That'll get you right over there.
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Of course, if you use that QR code, you can take a snapshot
00:04:05
now so you don't have to miss any of the show and you can log
00:04:07
in later. You always look for those QR
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codes on our shows. Everything with Genesis Gold, it
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makes it easy for you guys to find it.
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So hold up. Hey Jonathan, break me off a
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piece of that prepper bar. I don't know, is that going to
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help Jonathan with that hurt sales that link that jangle at
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George's store? With chops like that, George's
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went to the top of the stocking list.
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So yes. Yes.
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All right, listen that. Listen, that's a good Jingle you
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might have to use. We don't have to incorporate
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that, you know, think about it me off a piece of that.
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Are you ready? To sing that Jingle.
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Are we ready to record you this weekend?
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You know, I think we might get into some copyright trouble with
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that one. I don't know.
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Exactly. All right, well, look, listen,
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the last time we had the show, obviously just tons going on,
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but what I think is some of the best news, we obviously we won.
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Let's face it, it's a good thing for the country.
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It's a good thing for finance, it's a good thing for everybody.
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Trump's back in the saddle. I'm calling it Trump 2 point O,
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and I think this is going to be a really exciting time for
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everybody's finances. I'm calling it an economic shake
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up ahead. Give me your thoughts, Jacob.
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What do you think? Is it good news that Trump is
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back in the saddle? I mean, look at the smile on my
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face and it doesn't matter. You know who you voted for at
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this point. Everyone's going to get to reap
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the benefits of a, of a Trump presidency, right?
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And obviously, you know, that's not to say these issues will be
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gone in the snap of his fingers. He has a great plan.
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He has a great team. But like I always say, it takes
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a cruise ship 5 miles to make AU turn right.
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So we're officially turning back to get on the right track.
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You know, I, I look forward to how much he get done, gets done
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with a solid four years. Who knows, maybe we see advance
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presidency afterwards and really get this shit back on track.
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But I'm definitely optimistic, more so than the other the other
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potential candidate. Well, look, there's no doubt the
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world is watching closely. I mean, this is a big shifting
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political landscape. It seems like many of the
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countries are thrilled. China and Russia both have
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already come out and said they're ready to, you know, get
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a a better dialogue on relations.
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That didn't happen during Biden. Of course, it never would happen
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with Harris. And I think we have to look at
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the previous administration's policies and look at the success
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Trump had one he was in the saddle before.
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And I think the world, you know, is excited.
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And of course, we even saw Hamas offering to negotiate
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immediately when they heard Trump got elected.
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I don't know if that was out of common sense or fear.
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What do you think, Jonathan? Trump back back in good, bad.
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You know, what's what's it going to do for the markets?
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Precious metals. I think it's great, you know,
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happy he's back in gold, rallied 51% when Trump was in term last
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time. And I think the markets are
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going to react very favourably. As you mentioned, countries
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around the world are are calling and they want to come to the
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table to negotiate. I'm embarrassed to say, you
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know, I'm from the UK, London, we're now a socialist society.
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The left has taken over. And the other day when they
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reported it live on air, they actually had news reporters drop
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the F bombs and and walk off walk off their new set.
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So it it just amazes me how polluted and disillusional these
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people are that that paint Trump in in President Trump in the
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wrong way. And can we kind of talk about
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because I want to gloat a little bit if that's OK.
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I'm not one that that likes to gloat at people.
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I. Can't tell you're always
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gloating at me bro, you know? On the big, big showing,
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especially the Global Finance Forum, you know, at the end of
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the day, we've taken a lot of hits.
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I think a little gloating is not only, you know, obviously, OK, I
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think it's deserved. So please gloat away.
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Float away. Here you go.
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Because, you know, we kind of take it on the chin and we keep
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quiet. But I did have to say I got a
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lot of pleasure just sitting on my phone and sprawling and
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looking at all these liberals crying, sobbing.
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You got that stupid newscaster, comedian, what's his name?
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Jimmy here. Kimmel first.
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Of all. He's not Jimmy the Whiner,
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Kimmel. Wait, he's not a newscaster.
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He's a late night talk show host.
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Coward. A.
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Late night show them all together right now, George.
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But just watching people is honestly, I got some pleasure
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out of it and it just amazes me. You know, these celebrities, you
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know, the LeBron James, the Beyoncé, and you know how stupid
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in and out of touch are all these people.
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And I think, you know, when you look at their spending habits
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leading up to the campaign, you know, they were spending
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$5 a day more on social media than the than the Trump
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campaign. And you even had like Elsa Hosk.
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I mean, even these supermodels, they were probably paying them.
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God knows how much they were paying them to indulge Trump.
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And then when he gets in there crying, you know, women's rights
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are going to be taken away. He's a convicted rapist.
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Yet these people, I mean, Elsa Hoss, she worked for Victoria's
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Secrets, which was owned by I think Ed Resnick, I think, and
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and got done for sexual abuse, abusing employees, sexual
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misconduct, best friends with Jeffrey Epstein on Epstein's
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island. And yet you have these people
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getting paid, who by the way, probably got paid to talk all
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this crap about Trump. But I'd love to see how they
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actually voted, because they actually probably didn't vote.
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I think something Epstein was even in charge of Victoria's
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Secret towards the end. He was actually running the
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business operations. That's how far he'd gotten his
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hooks into them. So clearly, we know what his
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real plan was. And I agree with you.
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The amount of money, do you know, do you realize that she
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spent over a billion dollars on her campaign and in fact, she's
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now $20 million in additional debt.
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She overspent that billion. Well, Beyoncé and some of the
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other celebrities and actors, they're going to pitch in and
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donate for that, I think, right? You don't think so?
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Listen, one part of the brilliancy of the Trump campaign
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was they put so many ads up during football games about
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transgenderism and stuff that the all the all the other side,
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the hosts are talking about it like they're they're so thankful
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they don't have to see them no more.
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That was brilliant because you got all the males they don't
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want. Who wants that in the schools?
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But he did he did pick, you know, they said all you know,
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they call him misogynistic, they call him Hitler, all these good
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things. But he picked up in the suburban
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women vote, the black vote, the Hispanic vote, everybody's vote.
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So you know that you're their messaging is not working.
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They're seeing right through that crap, which is finally a
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good thing. But we still it's going to be
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tougher though. Hold on.
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Not, not only that, I have added to My Portfolio Genesis gold,
00:11:02
Group gold, silver, other things.
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I've also bought some stocking tissue, tissue box tissues for
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the liberal tears. Yeah.
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What's going up? Good play.
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Yeah, play. I just want you know.
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I thought so, You know, You know, at the end of the day,
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it's pretty nauseating. I think one of the worst parts
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of the campaign that I think is the amount of people that were
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paid to do the endorsements that were were driven in to rallies
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to, to lie to the American public and falsify the actual
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real turnouts. And I think the fact is these
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celebrities, the social media influencers should have to face
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the consequences of not putting paid post sponsored post, which
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is, which is a actual legal obligation under FCC rules.
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If you're in fact endorsed by a company or sponsored by a
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company, you're supposed to put paid post sponsored post.
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But none of them did it. And when you called the FCC,
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because I actually did it, they actually said, Oh, well, we're
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not sure if that falls under us or not.
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You'd have to go over to the election, to the the election
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division and find out. Of course, they all didn't know
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who had the answer for that. They just run you around, don't
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give you any answer because they don't want to acknowledge that
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in fact, that's the case. And I think consequences and
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accountability are a big part of this.
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But let's go back to what we were talking about.
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I want to jump back in here. What do you think, Jacob?
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The stock market, obviously initial market reaction has been
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good. Historically, the stock market's
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been great under Trump. His policies have always been
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perceived as probusiness. What do you think?
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Where do we see the markets going from here?
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I know we've had a little bit of a pull back.
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Of course the the day one though it, you know, it blew up there
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for a little bit and I think the S&P is heading close to 6000 I
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think is what I read this morning.
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Yeah. So for us, I think a lot of
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folks are waiting for the dust to settle, right.
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The markets are always going to have that initial strong sharp
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reaction, right? For example, even gold, which is
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historically very stable, took a 2% hit the day after.
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But the day after that, it bounced back 1.6.
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So once the dust settled, I think what we'll see is that
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Donald Trump will put us back on the right track for our economy.
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And what we what we saw in this election more than anything, to
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go back a little bit, is that, you know, the folks were voting
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that didn't care about what celebrities were endorsing
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Kamala Harris. They were, they were voting for
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their grocery bill and for their for their power bills, right?
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So I think a little bit of common sense just got voted back
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into the into the White House. And we will definitely be right
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on the back track, back on the right track.
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Can I say what will happen, You know, in the in the short medium
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term, we don't have a crystal ball.
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Obviously we work in alternative assets.
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I still believe the, the best assets are the ones you can hold
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in your hand. And they sure as hell ain't
00:13:42
going anywhere. You know, gold and silver are
00:13:44
here to stay. Price projections don't change
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in our minds and in the minds of these experts across the world.
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You know, I think we're still going to have a very strong
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couple years. Yeah, You know, there's no
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doubt. I don't think there's going to
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be any impact. As a matter of fact, everybody's
00:13:58
still predicting a, you know, upward trend on both gold and
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silver. But you know, what I like about
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Trump, He's already started to really build a cabinet that I
00:14:06
think is about deregulation. I think they are about
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accountability. I think they are about bringing
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back the rule of law. But obviously, the regulatory
00:14:14
environment is always important because we've seen too much of
00:14:17
that. He said day one after he's sworn
00:14:19
in, Gary Gensler is going to be fired, which would probably be
00:14:22
one of the best things for a lot of different stuff because at
00:14:25
the end of the day, I often think that the SEC is just
00:14:27
looking for deep pockets to to, you know, go after so they can
00:14:30
get some money. What do you think about the
00:14:32
regulation, Jonathan? You think that's going to be a
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big part of the new Trump campaign?
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And what do you think that how does that bode for all the
00:14:40
different markets? One of my favorite words,
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deregulation, I mean, who, who doesn't want to be deregulated?
00:14:47
Less bureaucracy, less red tape, right?
00:14:50
So I think it's going to be very favorable.
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And I think that was reflective the day they announced that he
00:14:55
got into office where we saw the markets react positively in
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terms of the work ahead. There's a lot of work ahead.
00:15:03
And I think, you know, there's been some, you know, damage that
00:15:07
could last us decades that have got to be turned around.
00:15:10
But I think deregulation is probably going to be one of
00:15:13
them. I think that's why which we'll
00:15:15
probably talk about a little bit more on the show, why, you know,
00:15:17
the crypto industry, you know, people are still partying and
00:15:21
probably still nursing a few hangovers with a Trump
00:15:25
presidency up ahead. But I think as of a whole, it's
00:15:28
going to be great for the market.
00:15:30
The the economic data still stands.
00:15:33
We're still $35 trillion in debt.
00:15:36
Interest rates have come down a quarter point the other day, and
00:15:40
that's going to be good to kind of get the American Dream back
00:15:43
on track. But historically, lower interest
00:15:45
rates also lead to a weaker dollar.
00:15:48
And when you have a weaker dollar, you need something in
00:15:50
your portfolio that has an inverse relationship.
00:15:53
And that's what gold provides. So obviously gold's not going to
00:15:58
be going anywhere. It's still an integral part of a
00:16:00
the balanced portfolio and the economic data still really
00:16:04
shines on assets such as gold and silver, particularly silver,
00:16:08
you know, because industrial uses for silver technological
00:16:12
environments are still here to stay.
00:16:14
So again, you know, I think if you're looking at the next super
00:16:17
cycle for commodities and alternative assets, I think
00:16:21
that's going to be one of the top headlines here over the next
00:16:24
four to five years. Yeah.
00:16:26
You know, obviously you know, the crypto markets, a lot of
00:16:29
people, we know that only about 4.6 or 4.8% of the world deal in
00:16:33
digital currencies are cryptos. Obviously that leaves a lot of
00:16:37
room to grow. Trump was in the past skeptical
00:16:41
towards a lot of the crypto currencies.
00:16:42
We've heard it over and over again.
00:16:44
Of course he was. He was advised, I think in a lot
00:16:46
of ways in the wrong way. People talk about dark money.
00:16:49
He always goes back to Silk Road and Bitcoin and the growth
00:16:52
there. That was on the dark web because
00:16:53
of it. But the institutions, I think
00:16:55
what we're seeing is a lot of the institutions are now
00:16:57
investing. I see it.
00:16:59
And even the volumes of what's happening in meme coins and a
00:17:02
lot of the other coins as you as you spend time on the different
00:17:05
coin exchanges, there are huge amounts of volume.
00:17:08
We're talking about, you know, 24 hour billion dollar moves in
00:17:12
crypto currencies now. So the market sentiment with
00:17:15
Trump back in place, there's a lot of euphoria.
00:17:18
And here's an additional piece, George, that I'd like to ask you
00:17:21
about. I don't know if you've seen it,
00:17:22
but there are a lot of different, I want to say PACs
00:17:26
that are funded by crypto organizations that are putting
00:17:29
money into a lot of these campaigns.
00:17:31
And I think we're seeing that the, the, you know, obviously
00:17:35
Congressional of people that are running for office, state and
00:17:38
federal that are pro crypto, they're getting support now
00:17:41
financial support from the crypto industry.
00:17:43
I don't know how much of that you've caught, George.
00:17:45
Well, just look at Bitcoin, how it just soared as soon as Trump
00:17:48
won. You know, he said that he's
00:17:51
going to make crypto one of his main objectives to bring into
00:17:57
the government. How he's going to do it, which
00:17:59
way he's going to do is yet to be said, but crypto is going to
00:18:03
here to stay. Trump is going to put it in the
00:18:07
spotlight finally with America, I think in the right way.
00:18:10
And hopefully he said he's going to seize like all the assets of
00:18:14
it that they've that the government is confiscated,
00:18:18
hopefully use that to pay off the debt or something.
00:18:20
I mean, why not? We're going to go to we're going
00:18:25
to go to digital currency one way or another.
00:18:28
It's it's inevitable. I've been saying that.
00:18:31
But if we, the good guys, can get a on top of it first, we
00:18:35
have a chance. You would think like you would
00:18:38
think that. Dubai's put a lot of money into
00:18:40
the crypto market, George, and that's what Trump is saying that
00:18:43
he didn't. He actually was in a
00:18:44
conversation where he said, you know, Dubai is making some
00:18:46
really aggressive moves to kind of be the central location for
00:18:50
the crypto world. And what Trump wants to do is
00:18:52
potentially create some tax freestyle zones for companies
00:18:56
that are dealing in crypto. He's had some discussion to that
00:18:59
effect behind the scenes. He'd like to have something that
00:19:01
really puts the US market in the driver's seat for the world on
00:19:06
crypto. I don't know if that'll happen
00:19:07
or not, but of course, let's talk about gold and silver.
00:19:11
Safe haven demand could obviously increase.
00:19:14
We hope that he's going to decrease geopolitical tensions.
00:19:17
But of course, positioning himself and just getting back in
00:19:20
the track with these world leaders, I think that's going to
00:19:23
take some time. And I think that continue is
00:19:24
going to continue to drive demand for gold and silver.
00:19:27
What do you think, Jacob? Am I right?
00:19:34
Sorry about that. Quick, quick, quick muting
00:19:37
issue. Yeah, I think you are right.
00:19:40
I think that, like Jonathan said, debt is here to stay.
00:19:43
Inflation has not yet gone away. It's it's all about, you know,
00:19:48
what President Trump can really get done in four years with his
00:19:51
cabinet. I think he's got the right team
00:19:53
to do it. It's, it's going to be all
00:19:55
about, you know, how efficient they can be with, with the deep
00:19:58
state and the swamp working against them.
00:20:02
You know, in the past, obviously inflation in a strong U.S.
00:20:06
dollar have impacted, you know what the gold and silver market.
00:20:09
But am I wrong? I get this weird feeling because
00:20:12
of bricks and so much what's going on around the world and
00:20:15
the way that, you know, gold and silver has positioned itself.
00:20:19
I don't feel like that's going to happen this time.
00:20:21
Maybe I'm wrong. I just don't feel like there's a
00:20:23
strong dollar in inflation or, you know, the fact that people,
00:20:26
I think inflation is obviously is is going to continue.
00:20:28
It's going to be tough. Like you said, it's a big cruise
00:20:30
ship and it's going to take us miles to turn it in the other
00:20:32
direction. But don't you feel like maybe
00:20:35
gold and silver are in a different spot than they've even
00:20:37
been previously? And then in fact, maybe they're
00:20:39
going to kind of carry regardless of the strength of
00:20:41
the dollar because of bricks. What do you think, Jonathan?
00:20:46
Yeah, it's a good point, I think.
00:20:48
I think gold and silver can stand on its own 2 legs.
00:20:51
So I think whatever's happening in the world, and you look at
00:20:54
the history of gold and you know, I've been involved in the
00:20:57
gold market here in the US since 97.
00:20:59
So I've seen all the UPS and the downs, the times top economists
00:21:03
have had things right or incorrect.
00:21:06
And ultimately gold still always shines as a safe haven.
00:21:10
So, you know, sometimes over the years I look at gold's role
00:21:14
against inflation, against the dollar, against interest rates.
00:21:18
And I think maybe the the playbook needs to be rewritten
00:21:21
with gold because, you know, hypothetically speaking, when
00:21:24
you look at some of the historical data and you look at
00:21:28
relationships between different asset classes, gold hasn't
00:21:31
actually always performed like that over the past few years,
00:21:34
especially against rising interest rates, which
00:21:37
technically is meant to be bad for gold.
00:21:38
Well, that hasn't been the case here.
00:21:40
Over the past three years, we've seen gold reach new historical
00:21:43
highs. So and, and why is that?
00:21:45
Well, because more of the focus has been on the debt in the
00:21:48
country and obviously worldwide instability.
00:21:51
We have more worldwide instability than we've ever had
00:21:53
before. Is Trump going to fix all that?
00:21:56
Well, that's going to have to be seen.
00:21:59
You know, and like Jacob was saying with the cruise ship
00:22:01
analogy, you know, we have a large kind of large problem to
00:22:07
tackle with this trade deficit. And who knows what's going to
00:22:09
happen tomorrow. I think, you know, short
00:22:11
sightedness can't, we can't be blinded by that.
00:22:14
More bank failures are around the corner.
00:22:16
Jerome Powell's already mentioned this.
00:22:18
A lot of commercial loans are defaulting.
00:22:20
Credit card defaults are at the highest level in history.
00:22:25
Car loan defaults highest in history.
00:22:28
So I think, you know, it could be a question.
00:22:29
We come, come to work one day. We see this happen time and time
00:22:33
again where news comes out, whether it's from the US
00:22:36
domestically or internationally, from Japan or China, that rocks
00:22:39
the markets. And when that happens, that's
00:22:42
when people want to be prepared and make sure they have that
00:22:45
insurance in their portfolio, which are asset classes such as
00:22:48
gold and silver. That's going to protect them
00:22:50
from whatever's going to happen next.
00:22:53
I mean, they're saying that the market might take a hit.
00:22:56
You know, it just can't sustain itself.
00:22:59
But even if you look at the housing market, it's not.
00:23:01
It's like it's slowing down and I don't, I mean I haven't looked
00:23:05
into foreclosures or nothing. Have you looked anything in that
00:23:07
you guys any information on that?
00:23:09
What's going on? Foreclosures, no, I would say
00:23:14
here in Los Angeles, you know, I think the, the high retail, the
00:23:17
high, the high luxury market is still pretty much on fire here
00:23:21
here in Los Angeles. I can tell you that I I do know
00:23:26
people who are in, you know, in the car wholesale world and, and
00:23:30
they tell me all the time that they're at these car auctions
00:23:32
and brand new cars are coming up for auction every day.
00:23:36
Why is this? Because people are having these
00:23:38
cars defaulting on their car loans and they're going straight
00:23:41
back to the auction and they're being bought for pennies on the
00:23:43
dollars. And, and this is becoming an
00:23:45
epidemic along with credit card debt.
00:23:47
So this is something that people seem to be ignoring.
00:23:50
But the day-to-day spending, people have overspent, they
00:23:53
can't pay their bills. And there's going to be
00:23:55
repercussions with this sooner rather than later.
00:23:58
Yeah. Yeah, with Trump winning though,
00:24:01
that that real estate in LA may take a hit when all those
00:24:04
celebrities move out of the country.
00:24:06
So we'll have to keep a close eye on that.
00:24:08
We don't know what's going to happen.
00:24:09
I noticed the other day a bunch of homes in kind of a celebrity
00:24:13
driven neighborhood were randomly burning down.
00:24:16
Did you see that? I really don't know what caused
00:24:18
that. Any idea?
00:24:20
Did you see that story at all? Jonathan?
00:24:21
That's a legit story. I just gave.
00:24:23
There was a, there was a neighborhood in LA that it was
00:24:25
like, it wasn't like houses in a row.
00:24:27
It was like one over here, another one over here.
00:24:29
Yeah, like 10/12/15 high end homes burned.
00:24:32
I don't, you know, to me it looked like arson.
00:24:34
But I'm, you know, like I can't jump the guns.
00:24:36
That's just. Me they they didn't paint their
00:24:38
roofs blue, you know and the. Exactly.
00:24:42
All right, Well, listen, let's talk about inflation.
00:24:44
Trump's got a plan. We know that he's already got
00:24:47
Elon Musk and Ron Paul ready to team up to get the the budget
00:24:51
under control. They're talking about cutting $2
00:24:53
trillion out of the US budget. They're going to take a, you
00:24:57
know, a playbook page out of the Miele playbook about shutting
00:25:01
down the Board of Education and many other institutions and
00:25:03
firing lots of people. We know Elon Musk excels at it.
00:25:08
But the other big part of the plan is Trump's plan for taxes.
00:25:11
He's he even suggested he might completely get a rate rid of
00:25:15
income tax. Now, I don't even know if that's
00:25:17
possible, but that's what his plan is.
00:25:19
Of course, Ron Paul is an N the Fed guy.
00:25:22
We know that the Fed has been a big part of this problem just
00:25:24
printing money and then charging us for at a private institution.
00:25:27
We even had the head, the head of the Federal Reserve saying
00:25:30
that if Trump asked him to resign, then would he do it?
00:25:33
And he said absolutely not, obviously falling under the fact
00:25:37
that the Federal Reserve is a private institution federally
00:25:39
mandated by statute. So what do you think We.
00:25:43
Can abolish it. If you think these moves, you
00:25:46
think inflation is going to get under control, we're going to
00:25:49
see it at the pumps. And of course, he wants to make
00:25:51
us energy independent again. What do you think to that,
00:25:55
Jacob? You could pop out first.
00:25:57
Yeah, I'm going to let. Yeah, absolutely.
00:25:59
I've got to, I've got to jump off.
00:26:01
I I just got my notification. So gotcha, you guys, you guys
00:26:05
are in good hands. And if I have time, I'll try and
00:26:07
jump back on. But until next week, gentlemen
00:26:11
and it's always a pleasure. And so I have to bow on you
00:26:14
early. Not a problem, Jonathan Rose.
00:26:16
We appreciate it very much. CEO of Genesis Gold.
00:26:18
You go to your meeting, Jacob Diaz, you're carrying the ball
00:26:21
down field, Brother, don't, don't.
00:26:22
Don't fumble. What?
00:26:24
Do you think you've got? Policies.
00:26:26
Trump policies. Are we ready to go?
00:26:29
You know, when I first of all, speaking to the energy
00:26:31
independence, I think that's probably the most valuable step
00:26:35
of, of Trump's plan in terms of where it'll affect Americans,
00:26:39
right? They'll feel it at the pump.
00:26:40
They'll feel it in their, their energy bills.
00:26:42
And that's the foundation for why everything has gotten so
00:26:45
expensive, right? My, it's not a concern because I
00:26:49
do trust the man. He's the right man, the right
00:26:51
team for the job is think about how many goals that Trump has
00:26:56
that are the right goals. But he's only got 4 years,
00:26:59
right? He doesn't have 8 consecutive
00:27:01
years to get this done. So my only concern is that he
00:27:05
attacks all the right problems and all the right ways, but
00:27:08
doesn't get to finish the job before it's already election
00:27:11
time, you know, four years from now.
00:27:13
Because if the government moved quickly, you know it wouldn't be
00:27:16
the government. I think that's well said.
00:27:20
And of course, the damage that's been done to our economy, you
00:27:24
know, has been so tremendous during the Biden Harris
00:27:27
administration. They, they knew nothing about
00:27:30
business. They were, you know, obviously
00:27:31
they were installed into their positions and they allowed the
00:27:35
damage to continue on their watch and they even obviously
00:27:38
fueled it. So, you know, the Federal
00:27:40
Reserve response has not been great.
00:27:43
Federal Reserve right away. I told you that he, he came out
00:27:46
yesterday and said, oh, no, I, I wouldn't resign if he, I was
00:27:48
asked to resign because he, he feels that he doesn't have to
00:27:50
because it's a private institution.
00:27:52
But you know, my, the days of the Federal Reserve, I wonder if
00:27:54
we're coming to an end. George, what do you think?
00:27:57
I sure would hope so. I mean, it would be great if
00:28:00
they get rid of the Federal Reserve.
00:28:01
We don't need them. They just all they do is add
00:28:04
more chaos to the government, to the people.
00:28:07
I mean, the interest rates late of course they lowered another
00:28:11
quarter point the other day, but but they've done nothing the
00:28:15
last four years and all they've done is cause us to pay more for
00:28:21
everything and everything across the board.
00:28:24
Yeah, you like you're just talking about those car like
00:28:27
loans defaulting on cars. I wonder if it's because maybe
00:28:31
the interest rates might go down and they're paying such higher
00:28:33
interest rates that are like, ah, let me just get rid of it
00:28:35
and get something else with a lower interest rate.
00:28:36
Who knows? That's possible, but.
00:28:39
I mean, look a Ford diesel truck now a dually Ford diesel truck,
00:28:43
I think it's 120 or $130. I mean that that just that is
00:28:48
just a, an astronomical price. When you look at the prices for
00:28:52
new automobiles, they're really excessive.
00:28:55
They've gotten to the point that, you know, to get into a
00:28:57
new car, you're looking at an 800, twelve, $100 car payment
00:29:00
even with a sizable down payment for something decent.
00:29:03
And that's kind of a frightening number.
00:29:04
It never used to be like that. So, you know, going forward,
00:29:08
obviously people are concerned Trump's plan is to get, you
00:29:10
know, reduced government spending.
00:29:11
But of course, he wants to bolster defense and
00:29:14
infrastructure, which could obviously tax cuts along with
00:29:18
additional spending on that could cause some budget
00:29:20
deficits. He's talking about some of the
00:29:22
social programs that are out there.
00:29:24
I think there's enough fat. I don't need to know whether or
00:29:27
not that if you feed quail cocaine that they will fornicate
00:29:32
more. That was one of the things that
00:29:33
our U.S. government put spending into that was.
00:29:37
I don't know how do they justify that though.
00:29:39
I, I have no idea. You know, that's actually a
00:29:41
legitimate program. Paul Randolph obviously outed
00:29:44
that last year in his famous speech that he does once a year.
00:29:48
I, you know, I'm tired of that kind of stuff.
00:29:49
I don't need, I don't need to feed sunfish psychedelics to
00:29:52
find out whether or not it's going to make them more
00:29:54
aggressive. It's not even that.
00:29:55
It's another campaign. They also, they also put in all
00:29:59
these bills they sneak money into like Syria or Afghanistan
00:30:03
to teach transgenderism. I mean for what?
00:30:07
Yeah, I'm not, I'm not sure about that one either.
00:30:09
George is a good point. But you know, I think Trump's
00:30:12
plan when we talk about the economy is job creation and to
00:30:15
reduce unemployment. He was highly successful doing
00:30:18
that even during the the pandemic.
00:30:19
He did a good job, and obviously, he's always been
00:30:22
strong on trade policies. What do you think about job
00:30:24
creation under Trump? Do we expect to see a bunch of
00:30:27
growth? Because the pandemic really
00:30:29
taught businesses that they could run a business and they
00:30:32
didn't have to have an office and they could cut their staff
00:30:34
and they could, you know, run it on any smaller scale and be more
00:30:37
efficient. It was kind of a force thing,
00:30:39
but it happened. What do you think, Jacob?
00:30:40
Are we going to see unemployment numbers go down?
00:30:43
Because we know under Biden, they've lied to us about the
00:30:45
numbers and acted like it went down, when in fact all it did
00:30:48
was go up, up, up, up, up, up, up, up.
00:30:51
Right. Well, the number one thing that
00:30:53
we can hope for with this new administration is going to be
00:30:55
transparency, right? And then that they stop
00:30:58
gaslighting the American people with with false numbers and fake
00:31:02
news. You know, and that's a big
00:31:03
problem because when the American people don't know what
00:31:05
to expect, things can happen on a great scale that affects them
00:31:09
that they were in no way prepared for, right?
00:31:11
So what I hope for with this administration and what I
00:31:13
believe will be the case is that we will be given accurate
00:31:16
numbers when the government has them in the best interest of the
00:31:19
American people. I do believe that the stage has
00:31:22
been set. Obviously, like you said, we're
00:31:24
in a very different world post COVID.
00:31:28
The, the job market, I know right now to be extremely
00:31:30
difficult. I have, I have friends with, you
00:31:33
know, obviously different situation, my friends with
00:31:35
master's degrees who can't get entry level jobs.
00:31:37
So the market has certainly shifted, but I do think that,
00:31:41
you know, if you talk about drill, baby drill, that'll
00:31:44
create some job opportunities as well.
00:31:45
And I, I think he has a plan and I trust the man to do his best.
00:31:49
But more than anything, I just hope for transparency.
00:31:52
Yeah, You know, a lot of people have tried to use some of his
00:31:55
policies. Of course, they always go go to
00:31:57
Project 2025 as one of the reasons they say that things are
00:32:00
going to be horrendous. But before we go into this next
00:32:03
thing, when we come back, we're going to talk about trade
00:32:05
policies, corporate growth under the new Trump administration
00:32:09
that's coming in. And then of course, gold
00:32:10
rebounds to 2700. Let's find out what's going on
00:32:14
in that gold and silver. We've got our expert Jacob Diaz,
00:32:18
CFO of Genesis Gold, and of course, George Ballantine,
00:32:21
myself, Lance Camanacho. We'll be right back.
00:32:24
The Global Finance Forum, don't go anywhere.
00:32:26
Stay tuned if you want to know what's going on in global
00:32:28
markets. American who keeps up with the
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00:32:37
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So we all seen that the beginning this year has come
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00:35:58
Well, you know what, Trump just went office.
00:36:01
So things might change a little bit.
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Will interest rates continue to rise?
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Thankfully, Trump is in. But the feds, they still promise
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appreciate this show and they appreciate your guys
00:37:59
transparency and that you guys aren't hard, pushy salespeople.
00:38:04
That's what I've heard more than once now that they like the fact
00:38:06
that you guys feel like you want to work with a person for the
00:38:09
long term. You're not just trying to make a
00:38:10
quick hit and move on, that you're trying to advise them
00:38:13
about their finances for life, hopefully becoming not only, you
00:38:16
know, kind of a family advisor that's there for the long term.
00:38:20
So just want to thank you for the way you treat the clients
00:38:22
that do come in that come off our show because you guys can be
00:38:26
trusted. We vetted a lot of companies and
00:38:27
that's why we went with you. Let's talk about Trump and trade
00:38:31
policies. Man, there's just a lot of fear
00:38:34
mongering online. They want to talk about all
00:38:36
these other garbage. They're talking about his
00:38:38
tariffs, trying to act like, you know, some companies supposedly
00:38:42
somebody posted up to the company, cancelled their year
00:38:45
end bonuses because they weren't sure what was going to happen
00:38:48
with the tariff policies, what was going to happen to the
00:38:50
company. I don't even know if the story
00:38:51
is true. I don't think so.
00:38:53
But business friendly tax measures are also a positive for
00:38:56
companies. And we want to encourage
00:38:58
corporate expansion and stimulate the economic activity
00:39:01
is what Trump said. George, what do you think?
00:39:03
The tariffs, you think it's overdue with China and many
00:39:07
other countries that about obviously taking advantage of
00:39:09
this no tariff policy and of course, has caused a lot of
00:39:13
companies to move their manufacturing out of the
00:39:15
country. What do you think?
00:39:16
Well, hell yeah. I think it's it's the right
00:39:19
thing to do. You know, if you look at just
00:39:22
you can't go like sell American cars in China, you know, in
00:39:26
other countries, they just why is everybody, why did always our
00:39:30
government officials let everybody take take advantage of
00:39:32
America and our money? It's you know what, no, it's
00:39:35
time for the terrorists. And most importantly, I want
00:39:38
Congress to pass laws on this to keep these tariffs.
00:39:42
So God forbid after Trump's done, whoever gets in, they
00:39:46
can't, you know, they can't overturn this.
00:39:47
You know what tariffs and we cannot pay income taxes anymore.
00:39:51
I mean, who would not want that? Only someone that's delusional.
00:39:56
Yeah. I mean, I don't disagree with
00:39:58
you. Obviously, everybody loved to
00:39:59
have no income. It works.
00:40:00
That'd be an immediate win and believe that money will come
00:40:03
back into the economy. Listen, it was working when he
00:40:06
first took office and to get the full effect, you needed eight
00:40:09
years of it. You know, they want to talk
00:40:11
about I raised it that no, but you didn't give me a chance
00:40:13
because you wanted to put all that Russia stuff and all those
00:40:17
fake news up. But you know what, Jacob, you
00:40:19
talked about like with the news and stuff.
00:40:21
Now I just want to bring this up, what Trump should do in the
00:40:25
administration when it comes to the press corps is they
00:40:28
shouldn't let CNN and all the fake news reporters not even let
00:40:33
him in there. Let people are going to report
00:40:35
the truth. If Trump does something bad,
00:40:37
sure report it, but report on the good too.
00:40:40
Get rid of them and make it make a point.
00:40:42
Hopefully they said it might be a podcaster administration.
00:40:46
I know Lance and I are ready. Well, there is a lot of talk
00:40:49
about Alex Jones for press secretary.
00:40:51
Jacob Diaz. What are your thoughts on that?
00:40:52
Alex Jones for press secretary. Well, George, you know, I I'd be
00:40:57
inclined to agree with you on the keeping CNN in them out, but
00:41:00
I don't know if you remember how much fun it is to watch Trump
00:41:03
take him to school every once in a while or, or or whoever his
00:41:07
his press secretary. You know, but doesn't.
00:41:08
It's true. Media deserve an opportunity to
00:41:11
participate after the long hard 9 year fight we've been in.
00:41:15
Don't they deserve those seats just as much as CNN and MSNBC?
00:41:18
And here's the other thing. Let me add this before you go,
00:41:20
George. I also believe that if they, if
00:41:22
they intentionally misrepresent the truth, they should not.
00:41:27
They not the first couple times they should, they should have to
00:41:29
pay fines and sanctions. And the next time I think their
00:41:32
FCC license should be at risk that it could be taken away
00:41:35
because there's too much fake news getting disseminated by
00:41:38
these groups and there's too many opinions.
00:41:40
I don't believe the the news should be so much.
00:41:42
It should be so opinion driven and so fake news driven that
00:41:45
they could just continue to do it and get away with it.
00:41:47
I think that it should be driven based on a neutral position of
00:41:50
both left, right and the rest of the information.
00:41:53
What do you think, Jacob and George?
00:41:54
What let me let me answer this for you, Lance and guys.
00:41:57
So my belief is they should do this is so people who always
00:42:03
watch CNNMSNBCCBS all the fake news, if they if they're not
00:42:09
there at the White House reporting, they're going to be
00:42:11
forced to go watch somewhere else to try to see what's going
00:42:13
on and it will get the truth. So in hopes of that not letting
00:42:17
him in the press corps, people that will that are always
00:42:21
brainwashed by the manipulated by the news will be able to go
00:42:24
get the real news like the big big show, other shows or you
00:42:27
said Alex Jones. I don't think they should do
00:42:28
that even though they were floating it for like a two week
00:42:30
thing. It's fun.
00:42:32
It's fun, but we don't. But I don't think he should
00:42:35
start off in a stunt like that. I think it's not.
00:42:38
I think he he's got an opportunity.
00:42:40
He's won a lot of voters over, so we need to keep that that
00:42:44
persona and momentum going. That's the last thing you need
00:42:47
because they're just going to tear them up.
00:42:49
Yeah, Jacob, give me your thoughts.
00:42:51
You know, this is a, this is a bit of a tough one because a
00:42:54
large part of me wants to agree 100% with George.
00:42:57
If you're not going to, you know, be an honest journalist,
00:43:01
you don't have a place in that room, right?
00:43:04
But you know, we, we sort of have the same conversation.
00:43:07
You know, I, I like to go on X, formerly known as Twitter.
00:43:10
And so I can sort of see the opposition and what both sides
00:43:13
are saying. So I can come to a conclusion on
00:43:15
my own. And if you don't have that sort
00:43:18
of back and forth, it's difficult for people, even those
00:43:21
who are on the right side to, to, if you accept one truth
00:43:25
without seeing the other possibility.
00:43:27
I, I don't think it creates as strong as a conviction versus,
00:43:30
you know, folks like ourselves who obviously do our research
00:43:34
and, and look at all the sides, you know, it leads to a really
00:43:36
strong conviction in what the actual truth is.
00:43:39
But I do believe, like you said, Lance, there could be some form
00:43:43
of enforcement of, of, of a fine or something if it is blatantly
00:43:47
untrue. Or, you know, what bothered me
00:43:50
the most was you see Harris supporters and even Harris
00:43:53
herself continuing to push the lie that Project 2025 was a
00:43:56
project of President Trump. That was her entire campaign.
00:44:00
When it was a shy OPS so. When was this?
00:44:03
And so when, when it gets that egregious, I think there needs
00:44:06
to be someone to step in and have a small amount of
00:44:10
regulation. But you know, it's a slippery
00:44:13
slope towards censorship. And I certainly don't believe in
00:44:15
that well. I agree with that.
00:44:16
OK, But listen, how what would be good for investments?
00:44:21
And so if they actually reported on on how the economy was doing
00:44:26
with Trump and people see it like the other side, you would
00:44:30
see more investments, more, more people switching to retirement
00:44:34
accounts to like Genesis gold with gold and silver because
00:44:37
they want that security. But when you're not hearing
00:44:40
that, people stand back because they don't know what's going on.
00:44:43
But the one thing that's not fair is when you had ABC and
00:44:45
CBS, when they altered gave questions to Kamala during the
00:44:48
debate, that's that's interfering with a, with an
00:44:50
election, they should be held 100% accountable for that.
00:44:54
Yeah. I agree with that.
00:44:56
I want to keep the moving for you guys here because obviously
00:44:58
we want to cover some of these other topics for the audience.
00:45:00
So gold obviously took a little hit when first announced with
00:45:03
Trump, but then boom, rebounds right back up.
00:45:05
It's covering right around 2700. Silver also halved, you know,
00:45:10
some of this activity, but then boom, going back up again.
00:45:14
So what do you think? You're the expert, Jacob
00:45:16
Phillison, What do you see? I know you're not a predictor of
00:45:19
the future always that you try to play the conservative role.
00:45:21
But obviously lots of people are are wondering.
00:45:24
And I personally, my personal opinion is this, after looking
00:45:27
at all the markets, looking at what the demand is for gold and
00:45:30
silver across the globe, I think, I think gold and silver
00:45:34
have moved into a position where they're less vulnerable to a
00:45:37
strong U.S. dollar and much less vulnerable to inflationary
00:45:41
concerns. What do you think?
00:45:43
I think you just, you just nailed the hit the nail on the
00:45:46
head there, Lance, because I think gold has entered a new
00:45:51
level where it is a bit separate from those from those factors.
00:45:54
Not to mention, I think a lot of folks forget that the gold
00:45:57
market isn't tied to the United States.
00:46:01
Gold has a place in every economy and every market and
00:46:04
against every currency on planet Earth.
00:46:07
So you know, when we see Chinese consumers buying up gold because
00:46:12
they have fears about their real estate market and their stock
00:46:15
market, that's just as likely to drive prices higher here.
00:46:19
So it's sort of has surpassed this state where it's simply
00:46:22
dependent on, you know, inflationary pressures or, or
00:46:26
the strength of the dollar. And I really do think it's going
00:46:28
to have a strong couple of years to me, once the hangover passes,
00:46:32
as Jonathan likes to say, and and the dust settles, I I think
00:46:36
it's business as usual. You know the same issues are
00:46:38
still here. Well, you know, Western demands
00:46:41
up. A lot of people are thinking
00:46:42
that Chinese consumers are going to return to the gold markets
00:46:45
and buying more gold jewelry. And obviously that that's all
00:46:48
going to depend on whether China introduces an economic stimulus
00:46:52
package, which there's a lot of story that they're going to
00:46:55
that's going to be happening very soon.
00:46:57
Lots of Chinese investors are are spending that kind of money
00:47:00
and time. What do you think about the
00:47:02
foreign markets? What do you think the impact is
00:47:04
for the bullion markets? You know, like I was saying, I,
00:47:08
I think people have underestimated the ability for
00:47:11
foreign markets to impact our markets here, right?
00:47:14
You know, when we saw I, I was ever grant a couple years back
00:47:17
that went under in, in China, you know, we see the ripple
00:47:20
effect from such a strong economy or large economy, I
00:47:23
should say, like the Chinese and then continuing to be impacted
00:47:27
by bricks. You know, there's so many new
00:47:29
factors that have sort of come to the mainstage in the last
00:47:32
couple of years that I, I think the case for gold is it has the
00:47:36
same foundation, but there's a couple new factors that are
00:47:39
really going to contribute to its growth and, and our our
00:47:42
price targets over the next 5-10 years.
00:47:44
We still say three $5000 an ounce very soon and and
00:47:47
ultimately 10 plus. I think we'll see, you know,
00:47:50
later this decade or in the in the next one.
00:47:53
Yeah, well, the technology demands continue to increase.
00:47:56
We're seeing demands on all levels of technology.
00:47:58
We also know that the military technical demands for both gold
00:48:02
and silver used and obviously microprocessors and obviously in
00:48:06
lots of other ways, that's going to be greasy.
00:48:08
And of course, we've talked about that EV technology before
00:48:11
on the show. And I think Trump's policies,
00:48:13
you know, I think they're going to run, they're going to create
00:48:15
a strong economy, but I think they're going to continue the
00:48:17
demand with bricks. It's going to continue to grow.
00:48:19
Although I do have to say, interesting news today.
00:48:22
I don't know, George, if you saw this, Putin came out and said he
00:48:25
was not going to abandon the US dollar.
00:48:29
What do you think he meant by that, George?
00:48:32
He's scared of Trump. You think so?
00:48:36
I mean be that. Wait, he respects.
00:48:38
Trump and he wants to work with him.
00:48:41
Yeah, he's afraid of Trump, so he respects him.
00:48:43
Yeah, but I mean, listen, he's he was he he it's it is
00:48:49
definitely something to think about and it's mind boggling
00:48:51
because he's part of bricks and been pushing that.
00:48:55
So, you know, bricks may be may die off we'll see.
00:48:58
I mean, American dollar still a lot stronger than bricks.
00:49:00
So listen, Trump can definitely turn it around with the with the
00:49:05
crypto. He they I'm going to give Trump
00:49:08
a chance. I think Putin's knows what's
00:49:10
going to happen. So why not?
00:49:13
Well, I'm going to, I'm going to switch gears here a little bit.
00:49:15
I think that's AI think you're right, George.
00:49:17
I like, but of course, Putin and Donald Trump have always had a
00:49:19
good plan. XI has already said he wants to
00:49:22
work on relations with the US, which obviously means that he
00:49:25
wants to work with Trump because he sure as hell never said that
00:49:28
during Biden and the Harrison administration, probably because
00:49:31
he already felt like he had that administration under control and
00:49:34
he knows he won't be able to control this one.
00:49:36
Kash Patel is rumoured to be the CIA chief.
00:49:39
George, it seems like he's going to be the pick for CIA chief.
00:49:42
And he's announcing a massive declassification, which is going
00:49:46
to incur under Trump's administration.
00:49:48
He's talking about the Epstein files, the ditty list and more.
00:49:51
We've got a media clip I want to play.
00:49:53
Let's play that. And then I want comments from
00:49:55
both of you guys. What do you think this does to
00:49:58
the global perception of the US and even the financial
00:50:02
perception by by really just declassifying things that have
00:50:05
been under lock and key for so long?
00:50:07
Do you think it'll be positive or negative?
00:50:09
But let's play the clip 1st. And then, George, you come in
00:50:12
and tell us your thoughts. And then, Jacob, you tell me
00:50:14
yours and. Then when we go back to DOJ and
00:50:16
FBI, we still don't have all the lists, all the Fisa's, all of
00:50:20
the stuff they did to 275 Americans illegally in one year.
00:50:26
Put that out there. I'm not saying in the rest of on
00:50:29
how to do it. We can keep the hood on the
00:50:32
engine, but we can show the American people how they
00:50:35
violated our rights. And to me, what you said is the
00:50:38
most important, restoring trust in our agencies and departments
00:50:42
that the way to do that is not to get a pinata and just punch
00:50:46
him mercilessly and hoping for some bubble gum to pop out.
00:50:49
The way to do that is to literally give the American
00:50:52
people the truth. And that's what they feared
00:50:55
about Donald Trump. He's going to come in there and
00:50:57
maybe give him the Epstein list and maybe give him the P Diddy
00:51:00
list. You know, he's going to come up
00:51:01
there and maybe do all these things.
00:51:03
And they are terrified. Yeah, I I believe that's part of
00:51:06
the part of the. Reason why Jimmy Kimmel was
00:51:08
crying last night on his program, but also I believe that
00:51:11
this is something that the American public desperately
00:51:13
want. And most importantly, this is
00:51:16
how you restore honor and how you restore trust.
00:51:19
Now, many may not know, some will, that you are personally
00:51:24
responsible for the research on the Russiagate collusion.
00:51:28
Everything we know about Russiagate and we know maybe
00:51:30
like less than half of what really happened with Russiagate.
00:51:34
Cash Patel is the one who found it out with Devin Nunez.
00:51:38
So Cash, you have an excellent pedigree in rooting out the
00:51:41
truth. Will we get the full ditty list?
00:51:44
Will we get Epstein? Will we get JFK?
00:51:46
Will we get the rest of what happened with Russia collusion?
00:51:51
That's what I want, that's what I want.
00:51:52
It's me as an American citizen, that's what I want.
00:51:54
In terms of achieving that restoration of respect for
00:51:58
government in DC, that's been gone for like 50-60 years,
00:52:01
right? I have said on the campaign
00:52:02
trail, when I was on the Team Trump bus door or surrogate
00:52:05
somewhere, I said America has a chance to retire the dynastic
00:52:08
families that have rained down corruption in Washington, DC on
00:52:11
November 5th. You could have retired the
00:52:13
Bushes, the Cheney's, the Clintons and the Obamas.
00:52:15
And you know what, Benny? For the first time I get to say
00:52:18
they did. And part of that mandate that
00:52:21
they deliver to Donald Trump is simply they want the truth.
00:52:25
And I don't know why it has been.
00:52:26
Well, I do know why, but I believe and hope President Trump
00:52:30
is going to go in there and just be a vehicle, a conveyor belt
00:52:33
for the truth and just put it out nonstop.
00:52:35
Agriculture Department, education, labor, all of it,
00:52:38
everywhere. And Congress is going to play
00:52:40
such a critical role in these oversight investigations.
00:52:44
Just think of what you can accomplish if you have a
00:52:45
director and or a secretary who actually works with the
00:52:49
Republican chairman or chairwoman on oversight.
00:52:52
It's incredible, not just for corruption revelation purposes,
00:52:55
but to see how we actually budget and stop lighting your
00:52:59
money on fire. Well, you know what, Lance?
00:53:03
Sounds all good, sounds great. But when will it be done?
00:53:08
And is anybody going to be held accountable?
00:53:12
This is what this is what I want to see.
00:53:14
You can release all the information.
00:53:16
We can oust all the people, but what about the people that held
00:53:19
the information that was part of the corruption like Clapper,
00:53:23
Comedy, Brennan, Brennan, You know, there's a bunch of them.
00:53:28
They should, they need to be all their security clearances #1
00:53:31
should be pulls all them 51 intelligence plus the eight that
00:53:34
they said pull their security clearances.
00:53:37
They should be actually charged with interfering in the
00:53:39
presidential election on top of all the other charges they
00:53:41
should have coming to them. I mean, enough's enough.
00:53:45
If not, yeah. But if nothing, if nothing gets
00:53:48
done, it just tells them that they people can continue to do
00:53:51
it. And that's what they
00:53:53
consequence. Revamp it is so, yeah.
00:53:56
Well, but I think, I think transparency, honesty, I think
00:54:00
the American public at this point wants that and they
00:54:03
expects it. They expect it.
00:54:04
And I think the, I think the message that would send to the
00:54:06
entire planet that we're literally putting out the real
00:54:09
information, I think would be moving America back to center
00:54:13
where there's a country that can be trusted versus what's
00:54:16
happened. These rogue agencies have done a
00:54:18
horrendous job in, in turning the American country into
00:54:22
something that the, not the, the, the world knows they cannot
00:54:25
trust. And that's not where we, we
00:54:26
really need to be. Jacob, give me your thoughts.
00:54:29
Transparency, honesty and integrity.
00:54:32
Yeah, I couldn't agree with George Moore on that one.
00:54:35
All the lists coming out will be great to realize the offenders.
00:54:38
But if there's no punishment, there's no aversion to to
00:54:41
behavior like this. Again, I think there needs to be
00:54:43
a full cleaning of the house, draining of the swamp, whatever
00:54:45
you want to call it. Although, you know, I truly
00:54:49
believe that transparency is the way that the American people
00:54:52
will start to trust the government again.
00:54:53
Not wholeheartedly, right? That wouldn't.
00:54:55
There's a long way to go before that.
00:54:57
But you know, I, I think that putting people out on Front
00:55:01
Street who thought they could do whatever they wanted because of
00:55:03
the affiliations that they had, whether it's a powerful family
00:55:06
or an A list actor or whoever it might be.
00:55:09
You know, the average American people have nothing in common
00:55:13
with that person, right? They're just, they're just
00:55:16
concerned about, like I said earlier, their energy bills and
00:55:18
their grocery bills. So to see these people who
00:55:21
thought they could act however they wanted, who are, who are
00:55:23
living the high life and hurting people, to be the hell, to see
00:55:26
them held accountable, to have a little bit of actual justice in
00:55:30
this country, I think we'll go a long way with the American
00:55:32
people. Yeah, there's no doubt.
00:55:35
I mean, I'm obviously lots of people are excited about the
00:55:38
Trump campaign and a lot of people, the regular American who
00:55:41
voted for him, we've seen he, not only did he win the
00:55:43
electoral votes, he won the most popular votes, you know, and we,
00:55:47
we saw some numbers across the country, some big swings,
00:55:50
Pennsylvania, obviously, even California, most maybe the the
00:55:54
reddest ever, surprisingly. So the entire center of
00:55:57
California went full red. So maybe there's still hope.
00:56:00
Maybe if we can get Newsome out of there.
00:56:02
But let me read you guys a quote and then I want your thoughts on
00:56:04
this. This came out of Reuters.
00:56:06
Small government, broad deregulation and tax breaks for
00:56:10
corporations and the wealthy are widely expected.
00:56:13
In particular, a softer antitrust stance and less
00:56:16
regulation in areas such as banking and cryptocurrencies
00:56:19
could boost corporate profits and spur deal flow, they said.
00:56:23
He is probusiness and anti regulation, said Yuan Reilly, a
00:56:27
Co founder and managing partner of investment bank BDA Partners.
00:56:32
His instincts are to cut taxes. All of that will help the M and
00:56:36
A market, which is mergers and acquisitions.
00:56:38
George, what are your thoughts there?
00:56:42
I say cut all government spending.
00:56:45
If you bring, if you lower the tax rate for corporations, they
00:56:49
will come back into this country.
00:56:51
You'll have jobs for Americans instead of giving it overseas,
00:56:55
and that will all make the economy flourish.
00:56:58
It's simple economics, people, unless you want to keep letting
00:57:03
other countries get rich off of us when we can take care of our
00:57:06
own right here. And I can't understand why
00:57:09
people don't get that, that in their heads.
00:57:11
It's just, it's mind boggling. I mean, we, you know what they
00:57:16
need to do. They need to send a lot of these
00:57:17
people to other countries to see how they live and let them live
00:57:20
there for a little while and see how it is, see if they like it.
00:57:23
When we start talking about let's get the ball rolling and
00:57:26
the market's reaction to Donald Trump, obviously the big bankers
00:57:30
want deregulation. They want less, less restriction
00:57:34
when it comes to mergers and acquisitions.
00:57:36
What do you think, Jacob? You know, do you think these
00:57:38
expectations are right on point when it comes to where we're
00:57:41
heading here? I think it's, I think it's
00:57:43
reasonable. I think it's the the one part
00:57:46
that, you know, when we're talking about the amount of
00:57:48
massive debt that the US has and how it's continuously getting
00:57:52
worse. The one strategy that the
00:57:55
Democrats or the left would never employ is how about some
00:57:57
economic growth, right? What might that do for, for, for
00:58:02
the levels of debt that we're experiencing and how poor things
00:58:04
are going. So I, I think, you know, the
00:58:06
administration is going to put us in a position where producing
00:58:12
is not vilified, where that encourages spending, that
00:58:16
encourages starting new businesses, where you can
00:58:18
actually not be kneecapped as you're trying to find success in
00:58:21
this country. I really think we're going to
00:58:23
see a rebirth of the American dream and have the foundation be
00:58:25
laid for that which we haven't seen in a long time.
00:58:28
I love that. I love that closing thought.
00:58:30
Obviously, we always want to give some good.
00:58:32
You know, for so long, it's difficult.
00:58:34
We get on these shows and we you never want to be the purveyor of
00:58:37
doom and gloom. You know, it's a tough job.
00:58:39
We want to report the truth. So I appreciate your thoughts
00:58:41
there. I like the American dream
00:58:43
thought. We're going to close on that
00:58:44
here at the Global Finance Forum.
00:58:46
If you like the show, take the short form.
00:58:48
The long form. George is going to do his usual
00:58:50
thing. We'll have short form content up
00:58:51
for the show. Feel free to share that on every
00:58:53
platform. Of course.
00:58:55
Jacob Diaz will be here again next Friday along with Jonathan
00:58:59
Rose, CEO of Genesis Gold Group. Don't forget holidays are coming
00:59:03
up. The prepper bar, great gift.
00:59:05
You're going to like this bar. Ability to barter and trade,
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it's just great. And in fact, we believe silver
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is heading into all new time, high times.
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Of course, you get over to the Big Meat bar.com and grab one of
00:59:17
those. And of course, you can head over
00:59:18
to the Big Meat gold.com and get your free IRA guard from Genesis
00:59:22
Gold Group. Still lots of time to do it and
00:59:24
they've got some great new stuff on the horizon.
00:59:26
I've been sworn to secrecy. Can't talk about it yet, but
00:59:28
we'll be announcing a lot of it on this show and we might be
00:59:31
potentially doing a new show for them.
00:59:33
We're excited about that opportunity they may be offering
00:59:35
us. Of course, the big MIG show
00:59:39
tonight, Roger Stone, Roger Stone tonight.
00:59:44
You know, we love Roger Stone. He's a friend of ours.
00:59:46
He's got big news from 47. He's on the inside loop.
00:59:49
You know that he's on the inside team.
00:59:51
So you're going to get great information tonight on that
00:59:53
show. And of course, don't forget,
00:59:55
we've got the Big Meg talk radio show this weekend, Saturday and
00:59:58
Sunday. I'm dealing with tons of snow
01:00:00
here in Colorado, so I won't be talking about good weather.
01:00:02
So again, Global Finance Forum, we're out of here.
01:00:06
Take the short form, the long form.
01:00:07
Don't forget to subscribe. We love you guys.
01:00:10
God, country, family, look at your finances.
01:00:13
Genesis Gold Group's part of your team.
01:00:15
George, last words. Break me off a piece of that
01:00:18
prep ball. See you tonight, y'all.
01:00:25
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