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Top Ten Videos – August 20, 2023

Florian Grummes- ‘Crisis’ In China: Markets Topped, Is A Crash Imminent?
David Lin ... (From August 16)

Quick Summary Bullets:

Impact of China’s Crisis on Global Economy

  • The impact of China’s crisis will have consequences for the rest of the world, as China played a crucial role in pulling out the West after the 2008 financial crisis.
  • “China is going through a crisis that started two years ago, with a crashing real estate environment and ghost cities as a result of money being channeled into properties and real estate projects that didn’t make sense.”
  • “You will hear the warmonger sound louder and louder to basically distract from internal economic problems…there will be higher geopolitical risks as a result of internal domestic economic slowdowns.”
  • “I think we are now hitting the so-called sticky part of inflation, it will be difficult to bring down these numbers much further unless you completely destroy the confidence in the markets which then will lead to a massive crash.”
  • “I think we have seen a top…The AI boom had driven prices in the sky and now we have a turnaround.”
  • The belief that a few people can manage and control a complex economy through interest rate adjustments is absurd and may lead to destruction.
  • The speaker believes that while there may be a correction in the stock market, it is not indicating a larger crash at the moment, but the movement in the gold market is worth paying attention to.

Alternative Financial Systems and Currencies

  • The BRICS nations’ high-level meeting in Johannesburg may signal a shift away from the Western legal system and a desire for more financial independence.
  • The advantage of developing a common basket currency for BRICS nations is to avoid settling trade surpluses with the West in paper money and instead use a currency backed by gold or something else.
  • “I believe in heart sound money…the mix of analog old school boring physical precious metals that have survived the last 5,000 years and adding Bitcoin as a digital decentralized asset is a very good mix to go to within these challenging times.”

Transcript Summary:

  • 00:00 China is facing a crisis with various asset classes down, including low industrial output and slow retail sales, leading to potential geopolitical risks and a challenging business environment.
    • China is facing a crisis with most asset classes down, as evidenced by disappointing data such as a cut in interest rates, low industrial output, slow retail sales, and deflation.
    • China’s economic impact on the rest of the world is significant, as it played a crucial role in pulling the West out of the 2008 financial crisis.
    • China’s current economic crisis, which began two years ago, is a result of longer and harsher lockdowns, greater unemployment, and the negative effects of investments in properties and real estate projects that didn’t make sense, leading to a challenging geopolitical setup and making it difficult to do business with China.
    • China’s economic problems, including deflation and a real estate bubble, are causing a slowdown and potential geopolitical risks, such as tensions with Taiwan, which may intensify in the coming months and years.
  • 05:04 A weak Chinese economy may lead to stagflation as inflation is difficult to bring down without damaging market confidence, and rising prices are being driven by higher salary demands.
    • The speaker believes that a weak Chinese economy may lead to a decrease in imports from the West and potentially cause stagflation, as inflation is difficult to bring down without damaging market confidence, and rising prices are being driven by higher salary demands.
    • China is expected to experience inflation between three and four percent with diminishing growth, and while a recession in the US could potentially lead to deflation, it is uncertain and could result in stagflation instead.
  • 07:48 The Chinese stock market may have peaked and could potentially crash, leading to a deflationary move, while the belief that interest rate adjustments can effectively manage the economy is absurd and high interest rates may cause another crisis in commercial real estate.
    • The stock market in China has likely reached its peak and there is a possibility of a deflationary move if the markets continue to pull back and start to crash, although a crash is not imminent at the moment.
    • The belief that a few people can effectively manage and control the complex economy through interest rate adjustments is absurd, and the high interest rates being implemented now are too late to save the system, potentially leading to another crisis in the commercial real estate sector.
    • Lowering interest rates could potentially lead to inflation, but it is not guaranteed.
    • The possibility of the casino starting again immediately or people realizing the seriousness of the situation and demanding lower interest rates could lead to a severe bear market, as seen in 2008, and the Federal Reserve is hesitant to cut rates soon due to the fear of inflation returning and undoing their work, as demonstrated by the lessons learned from a bank run in March.
  • 12:11 The recent pullback in the gold market suggests caution and a potential upcoming correction in the stock market, but not an imminent crash.
    • The recent pullback in the gold market suggests caution and a potential upcoming correction in the stock market, possibly extending into something larger, but not indicating an imminent crash.
    • Gold prices have corrected down to around 1900, missing the low from late June by three dollars and meeting the 200-day moving average for the first time in eight months.
    • Gold has been trading above the 200-day moving average and if it can regain the $1930 level, it will indicate strength, but if it fails to do so, it suggests weakness in the market.
  • 15:21 Deflationary pressures and a strengthening dollar may hinder a summer rally and new market highs, potentially leading to a weaker gold price, while the upcoming BRICS meeting on August 22nd could signal a shift away from the US dollar as these countries seek alternatives.
    • Deflationary powers entering the markets may prevent a summer rally and new all-time highs, as liquidity drains and the dollar strengthens, potentially leading to a weaker gold price.
    • The upcoming meeting on August 22nd could either cause a significant increase in gold prices or have no impact at all.
    • The high-level meeting of BRICS nations on August 22nd may signal a shift away from the US dollar as these countries, with a combined trade surplus against the West, are tired of holding paper money that is losing purchasing power and are seeking alternatives.
  • 18:57 Loss of confidence in the Western world impacts countries exporting commodities; China may create a gold-backed currency, questions need for common currency among BRICS nations.
    • Loss of confidence in the Western world due to instances of Russian and Saudi investments being lost has impacted countries and nations that export commodities.
    • China is likely to create a currency backed by gold, connecting it to the price of gold in US dollars, which could happen quickly or gradually over time.
    • The speaker questions the need for a common currency among BRICS nations, suggesting that they can transact using their own currencies, but expresses concern about the lack of diplomacy and the focus on war in the West.
  • 22:35 Bitcoin’s slow recovery and lack of trust in the crypto market, caused by scams and bad projects, have led to concerns about regulation, security, and the negative impact of seasonality.
    • A gold-backed currency would be a better solution for BRICS countries, as most crypto tokens are worthless and can be created out of thin air, and with stablecoins like PayPal, there is a risk of assets being frozen.
    • Bitcoin is the only valuable decentralized cryptocurrency with a limited supply, but confidence in the crypto sector has been lost due to scams and bad projects, resulting in many people losing money.
    • The difficulty of investing in crypto, along with concerns about regulation and security, has led to a lack of trust in the market.
    • Bitcoin’s recovery has been slow and challenging due to resistance levels, lack of liquidity, decreasing trading volume, regulatory issues, and the negative impact of seasonality.
  • 27:45 Be cautious as September is historically a bad month for Bitcoin, but a small price increase could improve the situation; focus on precious metals and Bitcoin as a mix of analog and digital assets for sound money.
    • September is historically a bad month for Bitcoin, but a small increase in price could greatly improve the situation, and it is important to be invested but not too speculative, as Bitcoin has shown to be a safe haven asset.
    • If the FED saves the market and the Bitcoin spot ETF gets approved, Bitcoin will likely surge, but currently the market is not showing strong bullish signals and caution is advised for the coming months.
    • During the summer vacation period, market activity and volume decrease, resulting in less reliable signals, but volume typically picks up again in the second week of September.
    • Focus on precious metals and Bitcoin as a mix of analog and digital assets for sound money, join the free telegram Channel for more information.

“This is going to be worse than the Great Depression” Andrew Maguire and Rob Kientz
Kinesis Money ... (From August 19)

Quick Summary Bullets:

Economic Crisis and Debt Concerns

  • “We’re just adding trillions on top of what’s quickly developing into a Commercial Bank dumpster fire here in the U.S and this is starting to spiral pretty quickly.”
  • “This is going to be worse than the Great Depression.”
  • The escalating debt crisis in the US banking system, including mortgage debt, is rapidly turning into a dangerous situation that the Federal Reserve is deeply concerned about.
  • The free money era has created a massive bubble in the United States, leading to a potential multi-trillion dollar failure in the loan market.
  • The speaker suggests that the current economic situation may be worse than the Great Depression.
  • “This is going to be worse than the Great Depression” – Rob Kientz suggests that the current economic situation will have severe consequences, surpassing the impact of the Great Depression.
  • The current economic situation could potentially be worse than the Great Depression, as more people are highly indebted and live in cities without access to farming or self-sustaining resources.
  • The retraction in the money supply caused by the FED can lead to a depression, as seen in the Great Depression.
  • The current financial system is unsustainable and will eventually collapse, leading to a crisis worse than the Great Depression.
  • The speaker believes that the markets need to crash before we can have true markets again in the U.S, and that we may be beyond the point of no return, based on research by Reinhardt and Rogoff on debt and the system.

Shift in Global Economic Power and Gold Reserves

  • The increasing government deficit and devaluation of currency may lead to a crisis worse than the Great Depression, highlighting the importance of owning gold and silver as a hedge against economic instability.
  • The Sino-Russia alliance likely holds significantly more physical gold than the US treasury, suggesting a potential shift in global economic power.
  • The Russians strategically pegged the ruble to gold to prevent hyperinflation and increase their gold reserves, while other countries are also buying gold in light of the financial mess, indicating a potential decrease in currency value.
  • Once the world challenges the US dollar as the world reserve currency, it is likely to be pegged to gold, causing the value of gold to shoot up.

Potential Impact on Society and Anger

  • “We’re going to have a recession. We’re going to have corporate defaults there’s going to be major issues and you know. This is going to be across the Spectrum and I imagine. The amount of anger that we saw in 2008 is going to be eclipsed by a factor of 10.”
  • “The anger that you’re going to have from the people 350 million people and the US is going to be deafening. It’s going to be unlike anything we probably have seen since the Great Depression.”

Transcript Summary:

The key idea of the video is that the United States is facing a severe economic crisis, with potential major bank failures and a decline in the value of the dollar, highlighting the importance of gold and silver as alternative investments.

  • 00:00 The US is facing a worsening economic crisis with bank failures at a record pace, putting depositors at risk, highlighting the importance of gold and silver as alternative investments.
    • The US is facing a worsening economic crisis as trillions of dollars are being printed to address the commercial bank crisis, and in this episode, Andrew McGuire and Robert Keens discuss the impact on the precious metals industry and the global economy.
    • Rob Kientz, author and gold enthusiast, discusses the current economic situation and the importance of gold and silver.
    • Bank failures in the US are occurring at a record pace, with small and medium banks experiencing issues, highlighting the need for alternative media to point out these problems.
    • Major commercial banks in the US have low liquidity ratios, high leverage, questionable assets, and over 50% of cash deposits are uninsured, putting depositors at risk in the event of a bank failure.
    • If there is another banking crisis in the United States, most people will lose their money deposited in big banks, which is a scary situation given the current state of troubled banks and uninsured consumer deposits.
    • Kientz emphasizes the importance of analyzing numbers and taking notice of them, especially for someone with an audit background.
  • 07:41 Small regional banks are struggling with the commercial real estate market due to the Federal Reserve’s decision to raise rates, causing consumers to withdraw money from banks and leading to a liquidity crisis.
    • Kientz discusses the potential issue with the commercial real estate market, which is primarily held by small regional banks, and questions the Federal Reserve’s decision to raise rates as it may have caused the initial problem.
    • Consumers have withdrawn almost a trillion dollars from commercial banks in the past year due to the Federal Reserve raising interest rates, causing banks to struggle with balancing higher investment rates and maintaining consumer deposit returns.
    • When banks have higher borrowing costs, they pass those costs onto consumers, resulting in a deposit gap where consumers pay high rates while receiving low interest on their deposits, causing them to withdraw their money from banks and leading to issues for banks with high loan-to-value ratios.
    • When people withdraw their funds from banks, it reduces the available capital and causes a squeeze situation where banks cannot raise interest rates or fund operations, leading to a worsening liquidity crisis.
    • Banks are borrowing money for operations but not passing it on to consumers, leading to a downward spiral of loan evaluations, while the US is facing a student loan debt crisis and the Biden administration has promised student loan forgiveness.
  • 12:45 The United States is facing a severe banking crisis due to a massive bubble created by the free money era, with potential multi-trillion dollar failures in the loan market, while the current political system is failing due to a lack of common sense and a focus on maintaining vested interests.
    • Navient, one of the largest servicers, has stopped offering forgiveness, and the Supreme Court has ruled that executive action cannot be used to change payment terms, limiting the current Administration’s options.
    • Around student loans, there are concerns about confusion regarding payment and potential scams, as well as the possibility of default, with research showing that 34% of borrowers currently cannot repay their debt and an additional 37% will have to reduce spending in other areas of the economy.
    • Delinquencies on credit products, including homes, autos, and credit cards, have already spiked and there is a warning that retailers above the base level may face severe pressure, potentially leading to corporate defaults in the retail sector, while the default on student loan debt could further trouble the already struggling banks.
    • The potential for bad debt and liquidity issues in banks, along with the additional 1.5 trillion of mortgage debt, is causing a dangerous situation that is quickly spiraling and concerning the Federal Reserve.
    • Kientz warns that the United States is facing a severe banking crisis due to a massive bubble created by the free money era, with potential multi-trillion dollar failures in the loan market, which is a situation that has not been widely recognized.
    • The current political system in the United States is failing due to a lack of common sense and a focus on maintaining vested interests, resulting in a disregard for the bigger picture.
  • 18:15 Kientz predicts a worse economic crisis than the Great Depression, with major bank failures leading to the consolidation of smaller banks into “super banks” to handle bad debt, potentially causing a crash in the dollar and the end of many political careers.
    • The speaker predicts that there will be a worse economic crisis than the Great Depression, with major bank failures leading to the consolidation of smaller banks into “super banks” to handle the bad debt.
    • The speaker warns that the current economic crisis will be worse than the Great Depression, as political figures fail to understand the severity of the problem and big banks are poised to benefit from the situation.
    • Yield curve inversion indicates an oncoming recession, which will lead to corporate defaults and major issues, causing a level of anger and political realization of the fiscal problem that will surpass that of the 2008 recession, potentially leading to a United States government default.
    • The speaker predicts that the current economic crisis will lead to a crash in the dollar, a reordering of financial powers, and the end of many political careers, causing widespread anger and a situation similar to the Great Depression.
    • America was built on small regional banks where farmers would go to their local bank manager, but the current economic situation is concerning and could be worse than the Great Depression.
    • The current economic situation is going to be worse than the Great Depression, with the potential for mass bankruptcies and only a few super banks left to absorb the debt, which is ultimately the result of a fiat currency system without checks and balances.
  • 24:24 The upcoming economic crisis could be worse than the Great Depression due to challenges faced by urban dwellers, the blame on the Federal Reserve, negative impact of government policies, high national debt, decline in standard of living, partial closure of the American economy during the pandemic, high inflation, increased deficits, astounding government deficit and increasing debt, devaluation of currency, and shift towards gold-backed digital currencies by other countries.
    • The speaker discusses how the upcoming economic crisis could be worse than the Great Depression, highlighting the challenges faced by urban dwellers who lack the means to grow their own food and the importance of making preparations to help each other out during tough times.
    • The speaker blames the Federal Reserve for the potential worsening of the economy, as a retraction in the money supply caused the Great Depression and the current restriction of money supply is causing banks to fail and people to struggle with loan repayments.
    • The speaker discusses the negative impact of government policies, high national debt, and the decline in standard of living, suggesting that the current economic situation will be worse than the Great Depression.
    • The partial closure of the American economy during the pandemic prevented hyperinflation in 2020, but high inflation and increased deficits have posed challenges in the recovery.
    • The United States government’s astounding deficit and increasing debt, combined with the devaluation of the currency and the shift towards gold-backed digital currencies by other countries, suggests that the upcoming economic crisis will be worse than the Great Depression.
  • 29:32 Central banks are buying gold and competing against US treasuries, while the availability of gold reserves at Fort Knox and the New York Fed is questioned, and it is predicted that gold and silver will increase in value once the US dollar is no longer the world reserve currency.
    • Central banks are buying gold and it is suggested that others should consider doing the same, as they are the most powerful financial entities in the world and likely have more gold than the US treasury.
    • The US downgrade of its debt and the selling of gold by central banks to intervene in the foreign exchange crisis suggests that gold is increasingly competing against US treasuries as an asset class, which is seen as absolute craziness and reminiscent of past interventions in the market.
    • The speaker questions the existence and availability of the gold reserves at Fort Knox and the New York Fed, suggesting that China may have hoarded at least 20,000 tons of gold.
    • Russia used the ruble to trade oil for gold, causing their gold reserves to increase, and now many countries and central banks are buying gold as currencies decrease in value, while the American market, particularly the commodities exchange, is highly manipulated.
    • Once the US dollar is no longer the world reserve currency, it is predicted that gold and silver will increase in value due to their historical use, industrial demand, and decreasing mine reserves, which will drive up the value of precious metals.
    • Russia is accumulating physical gold by paying a better price than London, while the Fed is causing the selling of gold, but since Basel III turned gold into a thirsty asset, the Fed is now competing against central banks and sovereigns by ditching treasuries for physical gold, making them the only central bank globally selling paper gold into this situation.
  • 39:51 Gold and silver prices are being manipulated by big banks like JP Morgan, causing small people to go bankrupt, and this will lead to a financial collapse worse than the Great Depression, as the markets are likely to crash before they can be controlled again.
    • Commodities markets were originally created for legitimate hedging and speculation, but now they primarily consist of paper trading rather than physical delivery.
    • Gold and silver prices are being manipulated by derivative trades and financialization, with little connection to actual commodities.
    • The speaker discusses how analyzing options data can reveal price targets and the manipulation of prices by bullion banks using futures prices to benefit from options trading.
    • Companies like JP Morgan manipulate markets for their own profit, causing small people in the system to go bankrupt, and this will eventually lead to a financial collapse worse than the Great Depression.
    • The financial system is a zero-sum game where big banks take money from everyone else, and it’s concerning that they can operate as criminal enterprises without consequences.
    • The speaker believes that the bullion banks shield us from knowing who is manipulating the markets, and due to the vested interests of various countries, the markets are likely to crash before they can be controlled again, as we are beyond the point of recovery according to Harvard researchers.
  • 45:06 The US pension funds are declining and will likely be worthless in the future, unions are bankrupting companies, and the speaker predicts a painful future for the US due to economic mistakes, corruption, and the erosion of cultural and political unity, emphasizing the importance of accumulating gold and silver.
    • The value of pension funds in the US is declining and will likely be close to zero in the future due to the removal of valuable assets and the addition of worthless paper, and the overall state of the US industry is also concerning.
    • Unions and union bosses are taking advantage of the current economic situation, bankrupting companies like Yellow and potentially UPS, while ensuring they get their money before the crash, leaving thousands of employees without jobs.
    • The speaker discusses the current state of the US, highlighting the negative effects of bankers’ mistakes on the economy, the erosion of cultural and political unity, and the decline of the Constitution, ultimately predicting a painful future for the country.
    • The speaker discusses the corruption of money, politics, and culture, and how this pattern has led to the downfall of major civilizations throughout history, including America, and emphasizes the importance of accumulating gold and silver as a solution to the current economic crisis.
    • The speaker emphasizes the importance of using the current economic situation to acquire undervalued bullion and expresses gratitude for the content and research provided by the host.
    • Spread the word about the channel, understand the difference between physical and paper gold and silver markets, and subscribe to be notified of future episodes.

Oliver Anthony's "Rich Men North Of Richmond" Is The War Cry The Working Class Has Been Waiting For
Wealthion ... (From August 14)

Quick Summary Bullets:

  • Oliver Anthony’s song “Rich Men North Of Richmond” has exploded in popularity, indicating that it resonates with the angst, frustration, and anger of America’s working class.
  • “The lyrics are extremely poetic and they’re brutal.”
  • Oliver Anthony highlights the severe rise in prices of staples and the prolonged slump of negative wage growth in America, emphasizing the struggle of the working class to keep up with the rising cost of living.
  • Oliver Anthony’s critique is not limited to a specific political party, but rather directed towards the entire political class, emphasizing the need for change.
  • “What troubles me is the complacency of those at the top and their general lack of appreciation for the malaise at the bottom.”
  • “In the great turmoils of the past, you had a lot of great voices that came out, built a following, and drove changes, such as the civil rights movement and the women’s movement.”
  • “Great leaders in fourth turnings are not born, but they’re made.” – The speaker highlights that during times of crisis and change, unexpected leaders can emerge and make a significant impact, using examples like Abraham Lincoln and Franklin D. Roosevelt.
  • Oliver Anthony’s protest anthems are reminiscent of past singer-songwriters like Bob Dylan and Joan Baez, rallying millions and giving words to a generation desperate to be understood and heard.

Transcript Summary:

  • 00:00 Oliver Anthony’s viral song “Rich Men North of Richmond” resonates with America’s working class frustrations, accusing the ruling Elite for declining living standards and expressing the desire to escape harsh reality.
    • Oliver Anthony’s song “Rich Men North of Richmond” has gone viral, reaching over 5 million views on YouTube and becoming the number one song on iTunes, as it resonates with the frustrations and anger of America’s working class.
    • The song laments and accuses the ruling Elite for the decline in living standards, expressing the desire to escape the harsh reality.
    • Rich men north of Richmond want total control and don’t care about the struggles of the working class.
  • 03:59 Oliver Anthony’s song captures the frustration of the working class, highlighting their financial struggles due to rising costs, stagnant wages, excessive taxation, and government policies that benefit the wealthy.
    • Oliver Anthony’s song taps into the anger and despair felt by millions of Americans in the working class, highlighting the constant struggle and injustice they face.
    • The rising cost of living, stagnant wage growth, and excessive taxation are causing financial struggles for the working class, while reckless government policies have led to inflation and economic hardship.
    • Policy has created asset price Bubbles, benefiting the top 10% who own financial assets, while the majority of society struggles with unaffordable housing and increasing credit card debt.
  • 07:30 Oliver Anthony’s “Rich Men North Of Richmond” is a war cry against the rich men north of Richmond, blaming them for societal pressures, suicides, and drug overdoses, while criticizing political parties and highlighting the working class’s frustration with overtaxation and the devaluation of the dollar.
    • Oliver Anthony blames the rich men north of Richmond for the increasing societal pressures and record suicides and drug overdoses in America, highlighting the public’s diminishing tolerance for submissiveness and criticizing all political parties collectively.
    • Both sides serve the same master, the political class, which is causing growing resentment among the working class due to the complacency and lack of appreciation from those at the top, leading to a shared hopelessness that Oliver Anthony’s song aims to tap into.
    • Working class individuals across the country are struggling to get ahead due to overtaxation and the devaluation of the dollar, leading to frustration and exhaustion.
  • 11:22 The growing social disconnect and conflict in our political system is a symptom of a fourth turning, where the status quo fails to meet the needs of its constituents, as discussed in Oliver Anthony’s song.
    • The growing social disconnect and conflict in our current political system is a symptom of a fourth turning, a time in history when the status quo fails to meet the needs of its constituents, as demonstrated in Oliver’s song.
    • The conflict discussed in the video is often a combination of internal and external factors, such as civil wars having both external and internal dimensions.
  • 13:23 The intense polarization of America in the 1930s led to a belief that democracy and capitalism were finished, but in times of disruption, new leaders emerge and drive change, as seen in past movements like civil rights and women’s rights.
    • The intense polarization of America during the 1930s led to a lack of middle ground, with Democrats calling it the fascist decade and Republicans calling it the red decade, resulting in a belief that democracy and capitalism were finished.
    • In times of intense disruption like a fourth turning, new leaders emerge and drive changes, as seen in past movements such as the civil rights and women’s rights movements.
    • I don’t see many rich men north of Richmond and I’m not sure if they will emerge or if this is just a bad batch, mentioning Henry Kissinger who is a member of the GI generation and recalls Germany and the war.
  • 16:17 Adam Taggart highlights the importance of leadership and the potential for unexpected leaders to emerge during times of crisis as the current generation becomes more aware of the void in leadership.
    • The speaker expresses concern about the quality of leadership, emphasizing its importance over other potential worries such as China.
    • In times of political apathy, talented individuals focus on entrepreneurship rather than politics, but as the current generation wakes up to the void in leadership, history shows that unexpected leaders can emerge during times of crisis.
  • 19:00 Oliver Anthony’s “Rich Men North Of Richmond” may be the birth of a new voice for the working class, inspiring constructive reform in a fracturing status quo.
    • Oliver Anthony’s song may be the birth of a new voice for the working class, similar to past protest singers like Bob Dylan and Joan Baez, as we enter a turbulent era with more intense pressures and flashpoint events.
    • The current state of the status quo is fracturing, and while the future is uncertain, it is important to stay alert, prepare, and cultivate resilience; however, amidst this cautionary message, it is worth recognizing Oliver Anthony’s talent as a singer and songwriter and hoping that his powerful anthem inspires constructive reform.
  • 21:24 Life is a beautiful opportunity and everything can change in a moment, so keep fighting and never give up.

Jim Willie Previews The Upcoming BRICS Meeting
Arcadia Economics ... (From August 18)

Quick Summary Bullets:

BRICS and Gold-backed Trading

  • The Brics (Brazil, Russia, India, China, South Africa) are moving towards creating a gold-backed trading unit, aligning with Jim Willie’s previous discussions on the topic.
  • Countries with large piles of Treasury bonds and Euro bonds will be selling them to buy gold and build up their gold reserves.
  • The BRICS nations are planning to introduce a low-priced gold token, which could potentially increase the demand for gold and impact its price.
  • “I don’t give a that it’s a gold token, it’s better than a currency because it does not compete with the dollar directly, it is not subject to sabotage, and it has a gold foundation through token.”
  • India has emerged as a significant player in the BRICS, standing up to Western leadership and becoming a crucial player in Russian oil trade.
  • “I am of the belief that many nations are going to gang up and say we’re not going to tolerate the haircut. We want the haircut compensated by gold.”

Global Economic Shift and Wealth Transfer

  • “I don’t think Wall Street economists and financial analysts have more than a 30 percent correct forecast rate mine’s like 80 to 90 percent.”
  • “I’m still growing in the subscriber base and client base, despite the challenges faced by many.”
  • There is a growing public perception that the United States government will never be able to repay its massive debt, causing concerns both domestically and globally.
  • The BRICS Development Bank plays a crucial role in supporting economic development and projects like the expansion of ports and rail facilities.
  • “We are about to see a transition of wealth, a transfer of wealth, the likes of which we’ve never seen before in our lifetimes and maybe not in over a hundred years of financial history.”

Transcript Summary:

  • 00:00 Nations at the BRICS meeting must create gold depositories to buy gold tokens for a possible new currency, as the speaker highlights the accuracy of his predictions and the emergence of a Central Bank digital currency and gold-backed trading unit in the BRICS.
    • Nations participating in the upcoming BRICS meeting will need to establish gold depositories in order to purchase gold tokens for a potential new currency.
    • Willie discusses the accuracy of his forecasts and mentions the emergence of the new Central Bank digital currency and the gold-backed trading unit in the Brics.
  • 02:35 Deception is rampant, trust in leaders is low, but the speaker is confident that the current challenging times will ultimately lead to a positive outcome, despite the harm and destruction that will occur, as significant events unfold in Maui.
    • Deception has reached unprecedented levels, making it difficult to trust leaders and be certain about important matters.
    • Wall Street analysts are paid to support the party line and have a low forecast rate, while the speaker has a high forecast rate and is confident that the current scary time will lead to a positive outcome, although there will be harm, destruction, business ruin, and human death during the transition.
    • There are significant events happening in Maui, including resistance against a multinational corporation, potential cover-ups, and various incidents such as train derailments.
  • 08:10 Despite negative events like job losses and company closures, the speaker’s subscriber and client base is growing as people seek to protect their savings and distrust news and political leaders, while concerns arise over the US government’s rapidly increasing debt and doubts about its ability to repay it.
    • There is a lot of negative things happening, such as people losing their jobs and companies folding, but despite that, the speaker’s subscriber and client base is still growing.
    • Willie discusses the increase in subscriptions to his newsletter as people seek to preserve their life savings and distrust the news and political leaders.
    • US government debt is rapidly increasing and is much higher than the stated annual deficit, leading to concerns about the ability to repay the debt.
    • Willie discusses the inability to pay back treasury bond owners and suggests that recent treasury bond auctions were faked by using money from the Fed and Department of Treasury.
  • 13:34 The upcoming BRICS meeting may announce a new gold-backed currency, with uncertainty about its form and the number of participating nations, but participating nations must have sufficient gold reserves and may sell Treasury and Euro bonds to build up their reserves.
    • The upcoming BRICS meeting is expected to announce a new gold-backed currency, with questions remaining about its form and the number of participating nations.
    • There is uncertainty about the BRICS currency and its form, with suggestions that it may be a gold token rather than a gold-backed currency, and discussions with colleagues and clients have provided valuable insights on the matter.
    • BRICS nations have advantages such as no currency exchange rate, no currency or bond to undermine, a development bank that needs to be built up, no employment or price inflation mandates, and the ability to use a token.
    • Participating nations in the upcoming BRICS meeting must have sufficient gold reserves, and countries with large amounts of Treasury and Euro bonds will sell them to buy gold and build up their reserves.
  • 19:23 A proposal to create a low-priced gold token for BRICS nations could increase the demand and price of gold, while decisions made during the upcoming BRICS meeting will emphasize the role of the token and its development, potentially undermining the dollar.
    • There is a proposal to create a low-priced gold token for BRICS nations, which would require them to establish gold depositories and could potentially increase the demand and price of gold.
    • Being part of the BRICS Union can be problematic for poor nations as they rely on larger nations for currency stability, and attracting foreign investment and capital to develop their industries and engineering capabilities, which can upset the balance of political power and face resistance from smaller nations.
    • Important decisions made during the upcoming BRICS meeting will not be publicly shared, but carefully crafted public messages will emphasize the role of the token and that it is not a currency, while these countries develop their gold depository and sell gold tokens.
    • The selling of treasury bonds by foreign nations to build a gold depository will undermine the dollar and lead to record levels of bond sales, making the gold token a superior alternative to the dollar.
  • 26:24 The BRICS countries, including Russia, China, Iran, and India, are building their own economic alliance and becoming important players in global trade, with India standing up to Western leadership in the past, while also engaging in beneficial energy supply deals with Europe.
    • The BRICS countries have a Development Bank that will be important for economic mandates and infrastructure projects, such as building a port with rail facilities and silos in Argentina.
    • The BRICS countries, particularly Russia, China, Iran, and India, are taking steps to build their own economic alliance and are becoming increasingly important players in global trade, with India standing up to Western leadership in the past.
    • India is buying Russian oil and invoicing in Indian Rupee, selling gasoline, diesel, and jet fuel to European nations, providing Europe with a good energy supply deal and receiving free asphalt pavement in return.
    • Willie discusses how certain countries, like India, may not currently be using the gold token in the BRICS agenda, but they will still play a significant role in trade and become important clients in the future.
  • 32:25 The upcoming BRICS meeting will likely establish a decentralized gold market with multiple nations contributing gold to build up their reserves and participate in a gold token system.
    • The BRICS have been dealing with defense against infiltration, bribery, and individual attacks in order to defend the King Dollar, and while some may find it uncomfortable, it is an important and necessary step.
    • Willie suggests that the widespread usage of the gold token by BRICS countries will be delayed until the US dollar structures falter, as the US government is managing a default and has an unlimited debt ceiling.
    • The upcoming BRICS meeting will likely lead to the establishment of a decentralized, multi-polar gold market with various nations, including Russia, China, Persia, Saudi Arabia, and the United States, contributing gold to build up their gold depositories and participate in the gold token system.
  • 37:28 Many nations are demanding compensation in gold for U.S. treasury bond redemption, leading to potential economic sanctions against the United States and different gold prices in various countries, while Dubai plans to expand its gold window and use xrp for transactions, bringing prosperity to the local economy.
    • Many nations are planning to demand compensation in gold for the haircut on U.S. treasury bond redemption, and are willing to accept local currency in a dollar swap, but want a portion of the compensation in the range of 10-20 percent.
    • The upcoming BRICS meeting may result in economic sanctions against the United States, leading to evidence of different gold prices in various countries, such as Shanghai being 50 higher than the comex, Singapore potentially being 60 higher, and Johannesburg and Dubai potentially being 100 higher, due to African nations wanting to build up their gold depository for using the token.
    • Dubai, the financial center of the United Arab Emirates, plans to expand its gold window and use xrp for small and mid-sized transactions, which will bring prosperity to the local economy.
    • An Arab businessman from Oman discusses the differences in social activities and restrictions in Bahrain, Saudi Arabia, and Oman, highlighting the more liberal atmosphere in Bahrain and the stricter regulations in Saudi Arabia.
    • The upcoming BRICS meeting will involve the use of XRP for settling utility bills and construction transactions in the Gulf region, with the UAE leading the experiment, and there will be a transition of wealth and a change in the invoicing and payment systems in the commodity market, potentially involving the Russian Ruble, Chinese yuan, Iranian real, and XRP.

The BRICS' Plan to Destroy the Dollar Unveiled Soon Warns Robert Kiyosaki
Stansberry Research ... (From August 15)

Quick Summary Bullets:

  • The upcoming BRICS summit may have significant implications as Robert Kiyosaki warns that the US dollar is “toast.”
  • The BRICS’ plan to potentially back a reserve currency with gold is a significant move against the Western currency, the dollar.
  • “Buy gold, buy silver, the real stuff.”
  • “We are living in a two-tiered system of justice, one for the left-wing Elites, the other for people like us.”
  • Robert Kiyosaki expresses a lack of trust in the government and advocates for investing in hard assets like gold and silver as a hedge against potential economic instability.
  • “The reason that capitalists lose and Marxists win is because most academics are Marxists.”
  • The importance of teaching kids about money and capitalism in a free world is often overlooked in education, leading to a lack of financial literacy.

Transcript Summary:

  • 00:00 Robert Kiyosaki warns of trouble for the US dollar, advises owning gold as experts predict it could reach $3,000 by year-end.
    • Robert Kiyosaki warns that the US dollar is in trouble and advises owning gold, as experts predict it could reach $3,000 by the end of the year.
    • Robert Kiyosaki discusses his annoyance with the news and the need to cover a lot of ground in the summer series.
  • 02:20 The BRICS countries, along with Saudi Arabia and Iran, are uniting against the Western currency and plan to switch to a gold-backed reserve currency, which is a significant move against the US dollar.
  • 04:01 Get on your own gold standard by buying gold and silver instead of waiting for the government to do it for you, as the speaker expresses distrust in the federal government, treasury, and Wall Street, while also discussing their thoughts on the indictment of former president Donald Trump and the perceived corruption in the current regime in Washington, and believes in using debt to acquire hard assets like real estate and saving gold and silver instead of dollars.
    • Get on your own gold standard by buying gold and silver instead of waiting for the government to do it for you.
    • Bitcoin is favored by the speaker as a means to combat the federal government, treasury, and Wall Street, and they express distrust in them, while also discussing their thoughts on the indictment of former president Donald Trump and the perceived corruption in the current regime in Washington.
    • Trump’s base is strong and he will win the presidency because he is helping Hunter Biden, and the speaker, who has worked with Trump, believes in using debt to acquire hard assets like real estate and saving gold and silver instead of dollars.
  • 07:14 Robert Kiyosaki warns that the recent downgrade of the US credit rating by Fitch rating Services is a significant event that should not be dismissed.
    • The speaker expresses concern about the politicization of public agencies, particularly the FBI and the Department of Justice, and discusses the importance of trust in democracy, while also mentioning respect for Robert F Kennedy Jr and his father.
    • Robert Kiyosaki warns that the recent downgrade of the US credit rating by Fitch rating Services is a significant event that should not be dismissed.
  • 09:24 The US government’s unsustainable debt and printing of money has led to a lack of trust, creating a need for hard assets like gold and silver, while America’s reliance on student loan debt puts the burden on college kids to survive.
    • The US government’s increasing debt and the acceleration of printing more money is unsustainable, leading to a lack of trust in the government and a need for hard assets like gold and silver, with no solution in sight.
    • America’s biggest asset is student loan debt, which was allowed to accumulate by Barack Obama, and now the country is relying on the burden of college kids to survive.
  • 11:56 Capitalists are losing to Marxists, as shown by the attack on Robert Kiyosaki and Dennis Prager by professors at Arizona State University, prompting Kiyosaki to advocate for storing money in gold and silver and warning about the dangers of a cashless society.
    • Capitalists lose and marxists win, as evidenced by the attack on Robert Kiyosaki and Dennis Prager by 39 professors at Arizona State University for speaking on wealth and happiness.
    • Robert Kiyosaki discusses the backlash he received for suggesting that school teachers should read his book, and expresses uncertainty about being able to communicate with people in today’s society.
    • Store your money in gold and silver, be unbankable, and read a book about Marxism to understand the dangers of a cashless society.
  • 15:40 Americans need to be aware of the significance of gold and stay vigilant, while teaching kids about money and capitalism, as the speaker criticizes Marxist influence in education.
    • Americans are unaware of the significance of gold due to a law passed in 1933, but the speaker’s encounter with a Vietnamese woman selling gold for $35 changed his perspective and taught him a valuable lesson.
    • Be prepared and stay vigilant during the summer, as the speaker warns against complacency and emphasizes the importance of setting personal goals and being aware of upcoming events.
    • The importance of teaching kids about money and capitalism in a free world is emphasized, as the speaker criticizes the Marxist influence in education and questions the focus on topics like critical race theory and gender transitions.
  • 18:44 The BRICS’ plan to destroy the dollar will be unveiled soon, warns Robert Kiyosaki.

Risks To Your Retirement NOW | Andy Schectman
Liberty and Finance ... (From August 16)

Quick Summary Bullets:

Market Indicators and Financial Risks

  • Michael Burry, known for predicting the subprime crisis, has shorted the market with a significant portion of his hedge fund, indicating a bearish stance on the current market.
  • The inverted yield curve suggests that when the Fed lowers rates, short-term treasuries will increase in value, potentially creating opportunities for investors like Warren Buffett.
  • The government has added over 1.8 trillion dollars in debt in just over eight weeks, which took them 209 years to create the first 1.8 trillion, highlighting the alarming acceleration of debt.
  • The speaker suggests that the current state of stocks, bonds, and real estate indicates a potential bubble that could have significant implications for retirement savings.
  • The “great unwind” in the financial sector can lead to a self-fulfilling prophecy and a death spiral as individuals and institutions rush to sell their toxic assets before they become worthless.
  • A potential risk to retirement is the flight to cash, which could catch many people off guard if they don’t see it coming.
  • The United States is woefully underfunded by debt to GDP standards, with 155 trillion in debt backed by only 5 trillion in assets, making it resemble a Banana Republic.
  • The biggest money in the world is draining Comex, the lbma, and the Shanghai Gold Exchange, using the Western suppressed price as cover.
  • The “great unwind” is causing BRICS nations to seek alternatives to the US dollar and US treasuries for trade settlement and liquidity.

Retirement Planning and Asset Protection

  • Keeping money in banks leaves individuals vulnerable to various issues, including bail-ins, which raises the question of why anyone would choose to keep their money in banks.
  • People often dismiss warnings about the risks to their retirement and label those who sell gold as “doom and gloomers,” but it’s important to consider the sound and logical motivations behind such warnings.

Transcript Summary:

  • 00:00 Many people are unaware of the risks to their retirement and may be caught off guard by unforeseen events, such as economic downturns, so it is important to consider historical data and logic when making financial decisions.
    • Many people are unaware of the risks to their retirement and may be caught off guard by unforeseen events, such as economic downturns, and it is important to consider historical data and logic when making financial decisions.
    • Andy Schectman, CEO of Miles Franklin precious metals, provides a weekly market update on August 15, 2023, discussing the risks to retirement.
    • Existing retirements are at risk in the current regime, and people who think their certified financial planner will take care of them may be in peril if they don’t consider the looming risks to their retirement.
  • 03:22 Warren Buffett and Michael Burry are holding cash or shorting the market, indicating potential risks to retirement investments, as the inverted yield curve, high mortgage rates, inflated property values, growing debt, bank downgrades, and the “everything bubble” in stocks, bonds, and real estate pose threats to retirement plans.
    • Warren Buffett and Michael Burry, two prominent investors, are both holding large amounts of cash or shorting the market, suggesting potential risks to retirement investments.
    • The inverted yield curve suggests that when the Fed lowers rates, short-term treasuries will increase in value, potentially allowing Warren Buffett to take advantage of upcoming opportunities, while the high 30-year mortgage rates and inflated property values may pose risks to the broader markets and real estate holdings.
    • Valuations relied upon for retirement may fall further than expected due to a higher interest rate environment and a growing mountain of debt, with the government adding over 1.8 trillion dollars in debt in just over eight weeks, resulting in a 50 percent increase in debt in just a few years.
    • Banks are being downgraded, leading to the selling of bonds and increasing pressure on unrealized losses, potentially forcing them to sell more bonds and causing a significant amount of money to be at risk.
    • We are currently in a highly unstable and risky time, and those who believe they are secure in their retirement need to consider the potential for sudden changes and the possibility of banks being bailed in overnight.
    • In order to navigate the current risks to your retirement, it is crucial to regularly reassess your financial plans and be aware of the potential consequences of the “everything bubble” in stocks, bonds, and real estate.
  • 10:07 Bankers panic to sell toxic assets before they become worthless, potentially causing a death spiral that affects retirement and pension plans, while bond portfolios perform poorly and investors seek higher yields by bypassing commercial banks and going directly to the US Treasury.
    • The former bank director discusses the panic that sets in among bankers when they realize they need to sell their toxic assets before they become worthless, and this could lead to a self-fulfilling prophecy and a death spiral, affecting retirement and pension plans.
    • Bond portfolios are performing poorly, and keeping money in a bank account with low yields is not advisable when there are options like money market accounts with higher returns.
    • Investors are bypassing commercial banks and going directly to the US Treasury to eliminate the risk of the banking sector and obtain higher yields.
  • 13:24 Retirees who rely on traditional markets may face financial difficulties, so it’s important to diversify investments and be aware of the risks, including the flight to cash, but storing retirement savings in paper cash is not a viable solution due to inflation and the rise of cashless societies.
    • Retirees who rely on overvalued and unstable traditional markets for their retirement assets may face financial difficulties and regret not diversifying their investments.
    • Most people won’t understand the risks to their retirement until it’s too late, so it’s important to prepare and be aware of the numbers, fundamentals, logic, and history, as there will be a moment that catches many off guard, including the flight to cash.
    • Physical paper cash is not a safe asset as it has no intrinsic value and its purchasing power is being eroded by inflation, so it is important to have emergency liquidity in the form of food, water, and cash, but storing your retirement savings in paper cash is not a viable solution.
    • Having cash in the bank may not be worth it due to the low returns and counterparty risk.
    • Having a two percent inflation target is illogical and detrimental to the standard of living, as inflation rates are actually much higher and cash is becoming less necessary due to the rise of cashless societies and the introduction of Central Bank digital currencies.
  • 18:38 Mitigate risk by not keeping large amounts of money at home, as the US debt is increasing and could negatively affect banks, pension funds, and insurance companies, leaving retirees financially vulnerable and potentially leading to reduced payments and inflation in retirement.
    • Mitigate your exposure to a fracturing system by not keeping large amounts of money at home and instead consider other options, as the rating agencies are downgrading the US debt due to both the debt itself and the governance, with the national debt nearly doubling since 2019, which could lead to banks being negatively affected.
    • Pension funds and insurance companies are at risk due to a cascade of higher interest rates, leading to a significant shortfall in the country’s pension funds, and it is important to think critically and outside the box to address this issue.
    • Many people are unaware that their pension plans, including Social Security, will not be able to support them in retirement due to reduced payments, inflation, and underfunded pension plans, putting retirees at financial risk.
    • The speaker suggests that the United States may intentionally blow up its debt and issue a central bank digital currency, which could negatively impact entitlements like Social Security and the value of the dollar, leading to a potentially unfavorable retirement experience for many.
    • The United States is heavily in debt, with 40% of it being student debt, making it underfunded by debt to GDP standards and resembling a Banana Republic.
  • 24:17 The silver market is being manipulated by well-funded investors, causing prices to drop, but commercial banks are now in a position to profit; there is a potential shortage of silver in the near future, so consider investing in silver to protect against inflation.
    • Things are changing and it’s important to be aware and prepared for what’s coming, so share this information with others and consider investing in silver as a way to protect against inflation.
    • The most well-funded investors in the US have manipulated the silver market, causing the price to drop, but now the commercial banks are in a position to profit as they are net long in silver futures.
    • There were a significant number of September contracts for silver, but most of them will likely roll over to December.
    • Commercial banks are draining the Comex, LBMA, Shanghai Gold Exchange, and ETFs of silver bars, causing a massive shortfall and manipulating the price, resulting in silver being massively oversold and a potential shortage in the near future.
    • Schectman discusses the bullish potential of silver due to short covering by big money managers, leading to higher prices and optimism for the future, and encourages viewers to sign up for their free newsletter.
    • Rick Rule discusses the importance of taking action after being exposed to new information multiple times, and encourages viewers to sign up for Liberty and Finance’s emails to stay updated on interviews and specials.
  • 30:36 Schectman warns of a growing trend in the fall where countries will seek alternatives to the dollar and US treasuries for trade settlement and liquidity, known as the “great unwind.”
    • He anticipates a continuing trend that will gain more attention and discussion, particularly in the fall when people from Europe return from vacation.
    • Former bank director Aleister McLeod describes the need for countries to find alternatives to the dollar and US treasuries for trade settlement and liquidity, which is part of the accelerating “great unwind” that Andy Schectman alerts us to.
  • 32:56 The fastest forms of payment are bank wire and cryptocurrency, metals will ship within 3-5 business days, and domestic shipping charges are $15 for orders under 500 ounces of silver or 10 ounces of gold.

Tom Luongo- Gold Will Return to the Monetary System, But Not Without a Fight
Commodity Culture ... (From August 19)

Quick Summary Bullets:

Geopolitical Implications and Monetary System Shifts

  • If Christine Lagarde doesn’t follow Powell’s lead, Europe could face a massive capital outflow, putting the Euro and credit spreads at risk.
  • Gold will return to the monetary system, but not without a fight.
  • Inflation is inevitable and will continue to rise, as evidenced by the fluctuating prices in the commodity space.
  • The current monetary system is like a game of Texas Hold’em, with central banks holding aces and manipulating the deck, while others blindly pile into the pot, unaware of the rigged game.
  • The offshore euro dollar market has been leveraged to undermine the United States from within and its monetary policy.
  • The division between Yellen and Powell represents a clash between the old Davos money and Wall Street, highlighting different interests at play in the monetary system.
  • “We have 80,133.5 tons of gold that we can throw out on the yield curve and refinance the entire United States, making gold worth $6,000.”
  • The US dollar may no longer need to be the world’s reserve currency, opening up the possibility for gold to return to the monetary system.
  • “The Russians, Chinese, Africa, South America, and the Middle East are tired of the dollar hegemony.”
  • The transition to gold returning to the monetary system may require a series of catastrophic events and resistance from certain factions.
  • “The most manipulated Market on the planet right now is oil…if you can keep the gold price under control, then you can hide the monetary inflation and all the rest of it.”
  • The process of returning gold to the monetary system will take time and multiple iterations, but it is inevitable and cannot be avoided.

Career Paths and Unconventional Transitions

  • Tom Luongo’s transition from being a research chemist to a financial commentator highlights the unconventional paths that individuals can take in their careers based on their interests and experiences.

Transcript Summary:

  • 00:00 Tom Luongo, a financial commentator and advocate for gold, discovered the value of gold after losing money in the markets and turned to writing and independent work after facing employment difficulties.
    • Investor Tom Luongo discovered gold as a result of losing money in the markets during the dot-com bubble and subsequently delved into research and learning from the Mises Institute, leading him to become a financial commentator and advocate for gold.
    • After facing difficulties in finding employment, the speaker turned to writing and eventually found a job with Newsmax, but also continued to work independently.
  • 02:11 The ECB is at risk due to its inability to print money like the Federal Reserve and Bank of Japan, and inflation is inevitable and rising, causing concerns about Europe’s energy dependence and the stability of the EU.
    • The ECB is in a dangerous position as it cannot print money like the Federal Reserve and the Bank of Japan, which puts them at risk if they don’t follow Powell’s lead in raising rates and addressing inflation.
    • Commodity inflation is returning, with oil prices rising and the Biden Administration refusing to refill the Strategic Petroleum Reserve, causing concerns about Europe’s energy dependence and the stability of the EU.
    • Inflation is inevitable and will continue to rise due to the fluctuation in commodity prices, particularly in the United States.
    • Lagarde is preventing European bond yields from rising, manipulating headlines and job reports to keep them low, but they need to rise and this manipulation is causing fluctuations in the market.
    • The sudden decrease in the U.S. 30-year bond yield is likely due to market manipulation by the ECB and the Treasury Department, with Jerome Powell working for Wall Street and Janet Yellen working for Davos.
  • 07:19 Gold will return to the monetary system as the European Union’s manipulation of the offshore euro dollar market becomes unsustainable, leading to a problem for socialism and the need to protect Wall Street.
    • Legard is trapped in multiple Chinese finger traps and there is no way out, especially with Japan ending yield curve control, which will disrupt the ability to use the Japanese bond market as a source of capital to buy US treasuries.
    • The speaker describes a game of Texas Hold’em where the Federal Reserve (FED) consistently holds strong cards but is not believed, while other central banks like the European Central Bank (ECB) and the Bank of Japan (BOJ) manipulate the game in their favor, leading to the current situation where the ECB is caught.
    • The European Union’s idea of using the offshore euro dollar market to undermine the United States’ monetary policy is no longer sustainable, as the Federal Reserve is no longer compliant and is raising rates, leading to a return of gold to the monetary system.
    • The European bond market is being supported by money that will eventually run out, causing a problem for socialism as they will have to keep raiding the piggy bank until it’s empty.
    • Powell understands the need to protect Wall Street and is successfully handling the situation, while Janet Allen continues to resist and throw tantrums.
  • 12:59 The hope to gain political and monetary control through Biden’s presidency failed, Powell may have his own agenda, influential figures in banking may not support extreme ideas, and the implementation of SOFR has caused financial instability.
    • The hope was to extend and pretend the current system, gain political control through Biden’s presidency, and then use that control to gain monetary control over the United States, but it ultimately failed.
    • Powell is not necessarily against the globalists, but rather he may have his own agenda and is not backing certain individuals who want to be globalists.
    • Luongo doubts that influential figures in the banking industry would support the idea of implementing AI, controlling people’s lives, and living in pods, and believes that they did not have a choice to go along with such ideas before Trump.
    • He discusses how the implementation of SOFR and the end of Libor has caused the financial system to become unstable, with Powell working for Wall Street’s benefit.
  • 16:52 Gold will return to the monetary system, but there will be resistance, and it is not worth investing in Bitcoin or gold because the bear market could be 200 years away.
    • Gold and Bitcoin will not solve the current economic issues, as there are powerful individuals who will not relinquish their power, but the math does work if the argument is reframed.
    • The US can use its gold reserves to refinance its debt and reduce unfunded liabilities, leading to a stronger economy in the future.
    • The Federal Reserve may actually want a higher gold price in order to attract capital and maintain the dollar’s status as the world’s reserve currency.
    • Gold will return to the monetary system, but there will be resistance and it is not worth investing in Bitcoin or gold because the bear market could be 200 years away.
    • The speaker emphasizes the importance of perseverance and fighting for what is right, using a personal anecdote to illustrate the point.
  • 22:54 Gold could disrupt the US dollar’s reserve currency status, but the dedolarization process is slow, and sanctions against countries like Russia and China may push them to create a gold-backed trade settlement currency.
    • The potential release of a brics currency partially backed by gold could disrupt the US dollar’s reserve currency status, but some believe the US dollar is more resilient than given credit for.
    • The infrastructure for gold to return to the monetary system must be established and the convenience premium of the US dollar must be negative for a critical mass of people, which is not currently the case, and every time sanctions are extended and the dollar becomes more expensive for certain countries, it ultimately benefits Davos and the Euro by lowering dollar demand.
    • The dedolarization process is not happening as quickly as some believe, and the speaker argues that Pepe Escobar, while passionate, lacks expertise in understanding the capital markets and is an unwitting tool for those who want to see the downfall of the Empire of chaos.
    • Luongo discusses the influence of the European Union and the British pound on the dollarization system, highlighting the control of media and intelligence services by Europeans and the desire of various regions, including Russia, China, Africa, South America, and the Middle East, to challenge the dominance of the US dollar.
    • Sanctions against countries like Russia and China are counterproductive for the United States, as it pushes them to create a trade settlement currency based on gold, which could eventually replace the US dollar.
    • Gold will be reintroduced into the monetary system through an accounting system where trade balances will be settled in digital gold credits and debits, with the World Gold Council tracking the movement of gold.
  • 29:53 Gold will eventually return to the monetary system, but it will face resistance and may require catastrophic events, while oil becomes the most manipulated market and rising prices pose challenges for managing credit spreads and inflation.
    • Gold will return to the monetary system, but it will take a long time to implement unless there is a catastrophic event, and the transition may require a series of catastrophic events where certain factions refuse to submit.
    • Oil is now the most manipulated market, replacing gold, and its rising prices pose a problem for managing credit spreads and inflation, as it is a commodity cost push environment that cannot be fixed with interest rates.
    • The supply side problem with a demand side tool will not be solved by raising interest rates, as there is an incipient inflation caused by the cost push inflationary problem due to COVID, resulting in waves of inflation that will come and go.
    • Luongo explains that the return of gold to the monetary system will face resistance, but it is inevitable due to the interconnectedness of various commodities and the absence of new energy technologies.
    • Oil will continue to be the primary energy source for the next 50 years until alternative nuclear technology, such as the thorium-232 uranium-233 cycle, becomes more developed and funded, potentially eliminating the concept of peak oil.
    • Commodity costs will continue to rise, with oil reaching over $100 a barrel, leading to a bull market and potential supply breakdowns, while complex systems are being built in the third world, and the demand for oil in the United States declining is insignificant compared to the growing middle class in Asia, Africa, and South America.
  • 38:10 Luongo discusses the importance of being forward-looking in their newsletter and encourages viewers to subscribe for more content on commodities and natural resources.
    • The gold goats and Guns website offers a Patreon service with a blog, podcast, private blog posts, and a monthly newsletter for retail investors, providing investment advice and forward-looking insights.
    • Luongo discusses the importance of being forward-looking in their newsletter and encourages viewers to subscribe for more content on commodities and natural resources.

Ep 16- Tucker Carlson- RFK Jr Explains Ukraine, Bio-Labs and Who Killed His Uncle
Tucker Carlson ... (From August 16)

Democrat candidate for President RFK JR. interviewed by Tucker Carlson. Discusses how Biden regime refuses him Secret Service protection.

Discusses Neocons,  and the lies being told about the Ukraine war. US biolabs in Ukraine and who killed his uncle, President John Kennedy.

Ukraine- At around 12 minutes in (12:20) Kennedy says “Americans are being lied to” about Ukraine.

US bioweapons in Ukraine- At around 35 minutes, Carlson and Kennedy begin discussing the US bioweapons program.

Meanwhile back home, RFK Jr. said that there are “36,000 ‘death scientists’ who are now employed full time in developing microbes that can be used to kill people.“

Neil Oliver: ‘Are you afraid?’
Neil Oliver ... (From August 19)

Oliver discusses how media and official sources of information are filled with propaganda and misinformation, leading to confusion and speculation among the public.

Quick Summary Bullets:

Key insights

  • The ongoing shock of realizing that we’ve been fed a distorted version of events is similar to the shock of realizing that the mass-produced food we consume is bad for us.
  • Those in authority dismiss and belittle our questions, implying that we are too stupid to understand, further eroding trust in the information they provide.
  • The official sources of information tend to focus on the narrative of a world catching fire due to climate change, while disregarding the simple fact that weather can vary and summers can be good or bad.
  • The official sources of information and mainstream media often provide sensationalized narratives, while alternative sources may reveal a different perspective.
  • The fires in Maui’s historic town of Lahaina have raised speculation about the motives behind them and the potential connection to desired real estate.
  • Imran Khan’s imprisonment and barring from seeking office raises questions about the lack of speculation and coverage surrounding the situation, suggesting potential political motivations behind his downfall.
  • “Are we your slaves? What do you think of us that we are your slaves and that we will do whatever you ask of us.”
  • The fear stories about the climate crisis and a world on fire demand further investigation and questioning.

Transcript Summary:

  • 00:00 We have been consuming a version of events without questioning it, just like how we were unaware of the harmful nature of the mass-produced food we consume.
  • 01:36 The news and official sources of information are filled with harmful propaganda and nonsense, leaving us confused about why inflation is supposedly coming down but prices remain high and why those in authority dismiss our questions as if we’re too stupid to understand.
  • 03:07 The speaker dismisses the idea that recent bad summer weather in Britain is a result of climate change, stating that it is simply the unpredictable nature of weather.
    • Mainstream media hyped up predictions of terrifying temperatures, but they often missed the mark, as evidenced by the mild summer in Britain.
    • The speaker dismisses the idea that the recent bad summer weather in Britain is a result of climate change, stating that it is simply the unpredictable nature of weather.
  • 04:54 Arsonists may have deliberately started wildfires in Crete, but the media fails to report on this possibility, leaving people to speculate about hidden agendas and panic about climate change.
    • Temperatures in Crete were expected to reach the high 40s, causing wildfires, but the reality was much milder, and there are reports of arsonists being arrested for starting fires.
    • The speaker suggests that the wildfires may have been deliberately set, but the media fails to report on this possibility, leaving people to speculate and think the worst about whether the arsonists acted alone or if there was a hidden agenda to stoke panic about climate change.
  • 07:20 There are suspicions that fires in Lahaina, Hawaii were intentionally set to acquire valuable land, while important geopolitical events are being overlooked by the media.
    • The speaker raises questions about whether fires were intentionally set to stoke fear and discusses the speculation surrounding the recent fires in Lahaina, Hawaii, which destroyed prime real estate and suggests that there may be a connection between the desire to acquire the land and the devastation caused by the fires.
    • Geopolitically significant events are unfolding, but they are not receiving much attention in the media.
  • 09:12 Europe is questioned for being submissive to other countries and not aligned with any specific alliance, while Imran Khan faces imprisonment and erasure from Pakistan’s cricket history, and a military Junta takes over the government in Niger.
    • Imran Khan, former prime minister of Pakistan, has been jailed and barred from seeking office due to alleged wrongdoing, possibly because he did not take a strong stance against Russia in the war in Ukraine.
    • The speaker questions whether Europe is seen as a submissive servant to other countries and emphasizes that Europe is not aligned with any specific alliance.
    • Imran Khan, a former cricket captain of Pakistan, has been erased from the country’s cricket history, raising questions about why no one is speaking up in his defense, while a military Junta has taken over the government in Niger.
  • 13:01 France and the West support the unconstitutional takeover of the government in Niger due to their economic interests, while factions within the West African economic community also back the junta.
    • The unconstitutional takeover of the government in Niger is supported by the population and favored by France and the West, according to a freelance journalist and analyst.
    • France wants the return of a government in Niger that will provide access to uranium, which is crucial for its nuclear power stations and the French economy, while there are factions within the West African economic community that support the junta in Niger.
  • 15:31 Victoria Newland’s involvement in political machinations and regime change in Ukraine and Niger suggests a pattern of her influence leading to war and regime change wherever she goes.

Sen. Ron Johnson Says Pandemic "Preplanned By An Elite Group Of People" Who Conducted "Event 201" ... (From August 14)

Watch this short clip! It’s a jaw dropping interview with Senator Ron Johnson on (controlled opposition) Fox Business news. 

“We are going down a very dangerous path, but it is a path that is being laid out and planned by an elite group of people that want to take total control over our lives, and that’s what they are doing, bit by bit,” said Johnson, who sits on the Senate Homeland Security Committee and is a ranking member of the Senate Permanent Subcommittee on Investigations.

To which Bartiromo responded: “It is just extraordinary to me that the government was working with social media to amplify lies and suppress truth and has been doing so repeatedly. We just saw the Facebook story, the Twitter files, all of the all the way, government officials from the CDC, FBI, you know CIA, a thousand people according to the reporters working on the Twitter files, worked with social media to amplify lies and suppress truth.

Why couldn’t the American people know that, you know, there were other alternatives to treat Covid why can’t American people know there were side effects with the vaccine?

Johnson then said: “This is all preplanned by an elite group of people, that is what I am talking about, Event 201 occurred in late 2019, prior to the rest of us knowing about the pandemic. Again — this is very concerning in terms of what is happening, what continues to be planned for our loss of freedom,” adding “ It needs to be exposed but unfortunately, very few people even in Congress are willing to take a look at this. They all pushed the vaccine, they don’t want to be made aware of the fact that vaccines might have caused injuries or death, so many people simply just don’t want to admit they were wrong and they’re going to do everything they can to make sure they’re not proven wrong.”

“We are up against a very powerful group of people here, Maria.” 

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