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Top Ten Videos – July 3 2023

Protect your savings from bank failures and Dollar collapse
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Major General Smedley Butler and the Business Plot Against FDR
America’s Untold Stories ... (From June 28)

Quick Summary: The Business Plot and Government Conspiracy

  • Major General Smedley Butler realized that his role in protecting U.S. interests abroad was actually about protecting corporate interests, not the interests of American citizens.
  • His realization that war is a racket challenges the conventional narrative surrounding military actions and raises questions about the motivations behind them.
  • War is a racket conducted for the benefit of a few at the expense of many, with profits in dollars and losses in lives.
  • The Business Plot involved a plan to create a new cabinet position and install General U.S. Johnson as a dictator, with Roosevelt as a figurehead like Mussolini and Hitler did with their leaders.
  • The Business Plot against FDR was driven by the wealthiest individuals in the country who wanted a corporate fascist government to prevent the rise of communism.
  • Butler witnessed the plot unfolding in real time, as he turned down a speech and then saw the gold standard proclamation carried and telegrams flooding in, making him realize that everything was lining up exactly as planned.
  • Butler exposed a fascist plot to seize the government by force, as reported on the front page of the New York Times in 1934.
  • He exposed one of the first acts of the deep state, bringing the plotters into the broad sunlight of liberty.

Major General Smedley Butler’s Leadership and Bravery

  • Despite officers not being eligible for the Medal of Honor until later in his career, Butler received two, showcasing his exceptional leadership and bravery.
  • Major General Smedley Butler led by example, always working side by side with his men and even carrying a shovel or plywood, inspiring his junior officers to do the same.
  • Major General Smedley Butler’s wife showed incredible loyalty by regularly visiting him on battlefields, even after the battles were over.

Transcript

Major General Smedley Butler exposed a plot by wealthy individuals to overthrow the US government and establish a corporate fascist regime, leading to his testimony before Congress about the plan to use veterans to intimidate the government and preserve democratic institutions.

  • 00:00 Major General Smedley Butler, praised for his speaking style and character, realized his work served corporations rather than the people, leading to his involvement in a conspiracy against FDR, while FDR engaged in corporate events and implemented infrastructure projects.
    • Major General Smedley Butler is praised for his strong and impressive speaking style, his rock-like character, and his book about his experiences.
    • The Business Plot involved a conspiracy against FDR, with linguists explaining that accents in New Orleans were influenced by shipping routes from Brooklyn to Philly to New Orleans.
    • Major General Smedley Butler had a storied career, rising through the ranks and earning numerous awards, but he eventually realized that his work was serving the interests of corporations rather than the people.
    • His experiences in China, Haiti, and other places led him to realize that he was there to protect corporate interests rather than American citizens, and he had a reputation for being a maniac.
    • Franklin Delano Roosevelt engaged in corporate events and used innovative, non-military methods to further American interests in countries like Costa Rica, Cuba, Puerto Rico, the Dominican Republic, and Mexico, while also implementing infrastructure projects and services for the people.
    • Major General Smedley Butler’s involvement in a conspiracy against FDR, combined with his actions in Haiti and his strength as a fighter, make for a fascinating and little-known American story.
  • 13:10  Butler, a dedicated and talented leader, faced challenges and criticism throughout his career, but played a significant role in the development of the Marines and secured train lines for corporate interests in Mexico during World War I.
    • He was stuck in Haiti as governor and unable to fight in World War I, despite his desire to be with the common soldier, and he received two medals of honor for his service.
    • Butler faced challenges and criticism throughout his career, including being accused of receiving help from his father, but his enemies were the desk generals and admirals.
    • Butler had a contentious relationship with the navy due to their dislike of the marines, and he openly expressed his contempt for them, even refusing to teach his men to salute an admiral.
    • He wanted to join World War I but was initially prevented from leaving Haiti, so he was sent to a terrible base in northern France where he saw it as punishment but was seen as the only one who could save the situation, and despite being a talented warrior and administrator, he used deceptive tactics and secured train lines for corporate interests in Mexico before finally being able to go to France.
    • Major General Smedley Butler was a dedicated and hardworking leader who went above and beyond to provide for his men, even in difficult conditions, and played a significant role in the development of the Marines.
    • Smedley Butler had a significant presence in various locations, including Quantico and San Diego.
  • 22:53 Butler, facing financial struggles and disdain for government, gained support as chief safety officer of Philadelphia, fought corruption, infiltrated illegal activities, and exposed war as a racket, becoming a popular speaker.
    • He faced challenges and dissatisfaction throughout his military career, despite his accomplishments and loyalty, due to financial struggles and his disdain for presidents and government.
    • Major General Smedley Butler is appointed as the chief safety officer of Philadelphia to clean up the city’s corruption and crime, leading to the arrest of thousands of people and gaining the support of the people.
    • Major General Smedley Butler, a popular journalist and colorful figure, designed his own unique uniform and was known for his midnight dinners with the press, but he also fought against corruption and attempted to infiltrate illegal activities.
    • Butler’s tenure ended after he confronted the mayor and quit his job, and he also had a heated exchange with a general who admitted Butler was right.
    • Butler realizes that war is a racket and demonstrates respect for a commander who handled a situation well.
    • He was a popular speaker who had so many requests for speeches that he had to start charging for them.
  • 33:05 Major General Smedley Butler exposes the corrupt war industry and survives a plot against FDR, while World War I veterans protest for their promised bonuses and occupy buildings in Washington.
    • War is a profitable racket conducted for the benefit of a few at the expense of many, as exemplified by the massive profits made by companies during World War I and the current issue of shipping excessive arms to Ukraine.
    • Butler tells a story about Mussolini’s disregard for human life, which leads to an apology from the United States government to Mussolini.
    • Butler is arrested by the president of the United States, but contacts the governor of New York for legal counsel, leading to a complex and intriguing story involving high-level lawyers and political figures.
    • Major General Smedley Butler faced a trial and public support after journalists and the American people defended him against a plot, leading to his retention of command and a quasi-apology letter.
    • World War I veterans march on Washington to demand the bonus they were promised by the US government, setting up hoovervilles and occupying buildings.
    • Protesters peacefully occupy the Hoover Building in 1932 to express their dissatisfaction with President Hoover’s leadership during a time of national crisis.
  • 45:04 Major General Smedley Butler exposes a plot by wealthy individuals to overthrow the US government and install a dictatorship, with the intention of making FDR a figurehead, but Butler exposes the plot with the help of investigative reporter Paul Cumley French.
    • Butler becomes a prominent figure in American history when he addresses veterans who were brutally attacked by General MacArthur and his men, highlighting the dark day in American history when the government turned against its own veterans.
    • Major General Smedley Butler switched sides and endorsed FDR due to his hatred for Hoover and his mistreatment of veterans, and the plot thickens.
    • During the Business Plot against FDR, Major General Smedley Butler is approached by Gerald McGuire, who wants him to lead an army of 500,000 veterans to oppose FDR’s decision to go off the gold standard, with McGuire claiming to be backed by the Morgan bank interests, and although Butler initially doubts McGuire, everything he says turns out to be true.
    • Major General Smedley Butler observes fascist groups in Italy, Germany, and France, finding the Italian black shirts too organized, the German brown shirts like beer hall drunks, and encountering the right-wing organization Quad Defoe in France.
    • Butler is approached by wealthy individuals, including Robert Sterling Clark, who try to convince him to lead a 500,000-man army to overthrow the US government, but Butler plays hard to get and eventually exposes the plot with the help of investigative reporter Paul Cumley French.
    • A plot was devised to create a new cabinet position and force out Vice President Nance and the Secretary of State, with the intention of making FDR a figurehead while General U.S. Johnson became the dictator, backed by the American Liberty League and funded by McGuire and Doyle.
  • 01:00:04 Major General Smedley Butler uncovers a plot by wealthy individuals to overthrow FDR’s government and establish a corporate fascist regime, leading to his testimony before Congress about the plan to use veterans to intimidate the government and preserve democratic institutions.
    • Butler was approached by a bipartisan group of wealthy individuals, including representatives from JP Morgan, Dupont, and Remington, who wanted him to give a speech about the gold standard, but Butler refused to participate in their plot against FDR.
    • The richest people in the country wanted to overthrow FDR’s government because they believed he had become a communist, and they wanted a corporate fascist United States government to prevent the communists from taking over.
    • Butler becomes convinced of a real and large-scale plot against FDR, involving influential people, and suspects that he would be betrayed once his role in rallying troops is fulfilled.
    • Major General Smedley Butler reveals a plot to Congress involving a civil war in the United States, highlighting the need for someone like him to take action.
    • Butler exposes a fascist plot to seize the government by force, with the New York Times reporting on it, but some individuals deny the allegations while others support Butler’s claims.
    • Butler testified before a congressional committee about a plan to use veterans as a means to intimidate the government and establish a fascist dictatorship, emphasizing the importance of preserving democratic institutions such as suffrage, freedom of speech, and press.
  • 01:08:50 Major General Smedley Butler exposed a deep state plot against FDR, but the media denied it, calling him a crank, and there are rumors of FDR’s involvement, highlighting a pattern of uncovering conspiracies throughout history.
    • Major General Smedley Butler exposed a plot against FDR by the deep state, but the media and the New York Times denied its existence.
    • New York Times and other newspapers turned against Major General Smedley Butler, calling him a crank and crackpot, while Dick Stein, who later became a Soviet spy, buried the transcripts of the committee hearings in the national archives.
    • The deep state attempted to crush the story of the Business Plot against FDR, with rumors suggesting that FDR may have been involved, but the pivot in media coverage and the possibility of FDR’s involvement cannot be dismissed, as seen in the current political climate.
    • The speaker discusses the historical evidence of the deep state, citing examples such as the Kennedy assassination and the burying of documents, and expresses the idea that there is a continuous pattern of uncovering conspiracies throughout history.
    • Major General Smedley Butler’s story, which is not taught in schools, covers various aspects of American history including wars, military interventions, and connections between influential figures such as John W. Davis and Franklin Delano Roosevelt.
    • Major General Smedley Butler, the most decorated officer in the USA during World War I, was denied a field command and exposed a plot against FDR, refusing a bribe of $18,000 in 1930s thousand dollar bills.
  • 01:20:47 Major General Smedley Butler survived a bullet graze and contracted yellow fever, while the speaker promotes upcoming events, merchandise, and the need for support and donations for historical information.
    • Major General Smedley Butler’s chest was grazed by a bullet that hit his brass button, which then went into the eagle on his chest tattoo, causing him to contract yellow fever from the needles used by the Japanese tattoo artist.

Nate Fisher- How To Invest In Gold & Silver Stocks (A Guide For Beginners)
Arcadia Economics ... (From June 29)

We believe investing in precious metals and resources is integral to protecting your wealth during this ongoing dollar collapse. Nate Fisher gives you a beginner’s primer on how you might invest in precious metals mining stocks. Well worth your time if you’re considering investing!

Investing in gold and silver stocks can be risky but potentially rewarding, and it is important to research and consider the risks before investing, consult a financial advisor, and be aware of potential losses.

Transcript:

  • 00:00 Investing in gold and silver stocks can be risky but rewarding, serving as a hedge against downside risk in real estate and offering potential gains, but it’s important to consult a financial advisor, not blindly follow trends, and be aware of potential losses.
    • This video provides beginner-friendly advice on investing in silver and gold stocks, emphasizing the importance of consulting a financial advisor and offering entry points for newcomers.
    • Investing in mining stocks can be a profitable alternative to buying precious metals directly, as the value of mining stocks can increase at a higher rate than the metals themselves.
    • Investing in gold and silver stocks can serve as a hedge against downside risk in real estate and can also be a leveraged play on the underlying metals.
    • Investing in gold and silver stocks can be risky but also rewarding, with the potential for significant gains and losses, and it can serve as a hedge against a downturn in other investments like real estate.
    • Nate Fisher shares their experience of investing in gold and silver stocks, discussing the ups and downs of their portfolio and emphasizing the importance of not blindly following bullish trends and having perspective on losses.
    • His friend pointed out that the companies being discussed do not generate profits and questioned why the speaker would invest in them.
  • 14:19 Different types of miners go through a process of discovering and producing metals, facing financial challenges and dilution of shares, while investors may realize the need for expensive reports and potential delays in metal production.
    • Different types of miners go through a process of discovering and producing metals, starting with an idea and drilling, leading to a peak of excitement before the working period begins.
    • After making a 5x profit, investors may realize that there are several years of development, environmental impact statements, and financial risks ahead, leading to shared dilution and the need for expensive reports, potentially delaying metal production for 10-15 years.
    • Explorers in the gold and silver industry may face financial challenges and dilution of shares, but they hope to find more valuable metals through drilling, while developers aim to reach a point where they have acquired a significant amount of metal.
    • Building a mine requires expertise in geology, resource exploration, and mine construction, which can take several years and involve selling properties, issuing more shares, selling royalties, taking on debt, and considering logistical factors such as roads and electricity.
    • Producers of gold and silver stocks can be profitable or not depending on the cost of mining and pricing, while bankers like Franco Nevada provide financing for building gold mines.
    • Companies in the gold and silver industry can offer metal streams as payment instead of cash, and investing in project generators can be profitable, although some caution is advised.
  • 23:33 Investing in gold and silver stocks can be risky due to potential strikes, natural disasters, theft, and fraud, so it’s important to research and consider the risks before investing.
    • Mining stocks can be risky due to potential strikes and natural disasters, which can lead to decreased production and damage to infrastructure, resulting in a decrease in share price.
    • There are risks involved in mining and storing gold, such as theft and potential loss of life, which should be considered when investing in gold and silver stocks.
    • Safety is crucial in manufacturing facilities, especially in mining where miners can be sent thousands of feet underground, and it is important to consider the risks of investing all your money in one mining company or picking an explorer that dilutes the company and yields no results.
    • Not all projects with high-grade metals will become mines due to low success rates and potential environmental issues.
    • California is a risky jurisdiction for gold and silver mining due to difficulties in obtaining permits, and there have been instances of fraud and deceit in the industry, although there have been improvements in recent years.
    • Investing in gold and silver stocks is risky and dangerous, so it’s important to research reports, financials, and the management team to avoid potential scams or unethical practices.
  • 30:28 Investing in gold and silver stocks carries risks such as nationalization, funding shortages, equipment issues, and unexpected losses due to incorrect grades and insufficient drilling.
    • A gold mining company failed because they cut corners and didn’t properly implement their plan, resulting in lower ore grades and ultimately leading to the company’s downfall.
    • Investing in gold and silver stocks requires surrounding yourself with knowledgeable people, considering inflation’s impact on portfolio performance, and being cautious about investing in miners if metal prices don’t rise with inflation.
    • Chile’s nationalization of lithium miners is a risk, but the speaker believes that the trend will be more towards countries forcing miners to sell a portion of their minerals using local currency, which is less risky and allows for payment of local workers and suppliers.
    • Investing in gold and silver stocks carries the risk of nationalization and the potential for companies to run out of money and go out of business, resulting in a loss of investment.
    • Incorrect grades and insufficient drilling can lead to unexpected losses in gold mining investments.
    • Unexpected funding shortages, equipment issues, cost overruns, permitting delays, and shared dilution are major risks when investing in gold and silver stocks.
  • 39:22 Investing in gold and silver stocks involves considering factors such as exploration risk, project value, feasibility studies, and environmental impacts, with the construction decision being the optimal entry point for investors.
    • Early stage explorers in the gold and silver industry have a high risk of going to zero, while late stage explorers are less risky but may still face economic challenges in extracting gold.
    • Explorers drill to determine the size of mineral resources and de-risk the project before deciding whether or not to mine it.
    • Investing in gold and silver stocks involves considering factors such as mining issues, project value, raising money through selling projects or royalties, feasibility studies, and ecological and environmental impacts.
    • Finding a lot of metal in a remote location does not eliminate the challenges of accessing roads, power, and water.
    • Smaller projects may not receive as much attention as larger ones due to the high cost of development, but there is also a warning against projects that are too big and costly.
    • Use free cash flow in the next three years to invest in and expand mining operations, with the construction decision being the point where investors should enter, as producers gradually ramp up production.
  • 45:47 Investing in gold and silver stocks can be profitable but risky, so focus on mid-tier and senior producers, consider the primary metal being mined, and understand the cyclical nature of the industry.
    • Some producers hedge production to sell future production at a certain price, which can push down the price of paper silver.
    • Investing in gold and silver stocks can be risky, so it is recommended to focus on mid-tier and senior producers rather than junior producers, as they have more potential for profit and less risk of financial problems.
    • Investing in gold and silver stocks can be profitable, with the potential for increased profits and leverage, but it also comes with risks and the need to determine fair market value.
    • Having a high value of gold or silver can mitigate any issues a company may have, and while there are various methods to evaluate a company’s worth, a low price does not necessarily indicate the best investment.
    • Investing in gold and silver stocks involves considering risk appetite, understanding that these investments are cyclical, and recognizing the importance of extending the lifespan of mines by adding more ounces to the resource estimate over time.
    • Investors should consider the primary metal being mined by gold and silver companies, as well as the potential impact of base metal producers and the cyclical nature of investments in the mining industry.
  • 59:35 Consider the risks and potential investment opportunities in gold and silver stocks in different countries, listen to knowledgeable individuals, pay attention to management teams and share structure, buy shares in tranches, be cautious with leverage, and consider the market cycle, company debt, and income ratio.
    • Certain countries, including California, Mexico, and Peru, have become risky jurisdictions for mining due to permitting problems and environmental issues, while certain countries in Africa, such as Morocco, offer potential investment opportunities in gold and silver.
    • Some West African jurisdictions are becoming more friendly to mining and attracting foreign investment, but it is important to consider the risks and the experience of the management team.
    • The key to successful mining stock investment is listening to knowledgeable individuals, as even experienced experts can be affected by declining metal prices.
    • Consider the management teams and their experience, rely on those with years of experience who know the industry players and can provide insight on companies to avoid, and pay attention to share structure to preserve value.
    • Gold is currently around $2000, so instead of going all in with options on GDX, it is advised to buy shares in tranches and keep some cash available for potential market fluctuations.
    • Trading on leverage or margin can be risky, but the speaker is willing to take that risk as they are hedging their real estate equity and have a job to recover from any losses, and when considering investing in gold and silver stocks, it is important to consider the market cycle, the company’s debt, and the income ratio.
  • 01:06:49 Be cautious of companies that are not actively improving or showing progress, consider the percentage of company ownership by management, and be wary of individuals who come in to flip the company without having any shares in it; subscribing to newsletters and watching YouTube channels like Arcadia can provide valuable insights and recommendations for investing in gold and silver stocks.
    • Forums and conferences can be helpful for investment advice, but some companies may not be actively improving or showing progress despite paying their CEO and employees.
    • Be cautious of lifestyle companies and consider the percentage of company ownership by management, as they may dilute the company over time; also be wary of individuals who come in to flip the company without having any shares in it.
    • Subscribing to newsletters from experienced investors can provide confidence and guidance in investing in gold and silver stocks, as they often have valuable insights and recommendations.
    • Watch YouTube channels like Arcadia to learn about investing in gold and silver stocks, as they often feature experts who discuss their own investments.

Economic Outlook and Precious Metals Market | Monthly Wrap-Up with Bob Thompson | June 2023
Sprott Money ... (From July 1)

Key insights

  • Bob Thompson discusses the first half of the year and the second half of the year in the Monthly Wrap-Up, indicating a comprehensive analysis of the economic outlook and precious metals market.
  • The central bank’s decision to raise interest rates is driven by the desire to lower expectations of inflation, rather than solely relying on actual rate hikes, indicating the importance of perception in economic policy.
  • “We’re in for a ’70s type of decade here…that’s a great thing for metals and minerals.”
  • The price of gold has performed well, up 5% on the year, making it one of the best-performing assets, except for a few stocks on the NASDAQ.
  • The analogy of using a GPS to navigate traffic as a representation of the unpredictable nature of the economy highlights the complexity and uncertainty involved in economic forecasting.
  • Despite having 400 PhDs and a massive budget, the Fed’s forecasting abilities have been surpassed by individuals like Stanley Druckenmiller and Eric, who were able to predict major events like recessions and the banking crisis.
  • “In the last 110 years, there’s been 200 million ounces of gold come out of the Abitibi region, absolutely incredible.”
  • “Sentiment’s really bad. Stay in the slow lane, stay here. It’s gonna become the fast lane pretty soon. And when it does, you wanna be there. You gotta be there.”

Vince Lanci: Getting Liquidity When You Sell Your Silver
Arcadia Economics ... (From June 28)

Key insights

  • The least understood or appreciated aspect of investing in silver is exit liquidity.
  • “Peak China silver” – The mention of “Peak China silver” suggests a potentially controversial topic related to the silver market in China.
  • “Premiums” in the silver market can greatly impact the value of coins, making it important for investors to understand and consider these costs.
  • “When investing, it’s important to choose assets with the best exit liquidity, ensuring that you can easily sell when you want to get out.”
  • The speaker’s experience of being offered a lower price for selling Maple Leafs compared to the premium he initially paid suggests that the market for silver coins can be volatile and influenced by factors such as demand and inventory refurbishment.
  • “Canadian silver coins, while the second most liquid in the world, have a premium that is not trading where it should be, making them an interesting option for those seeking potential arbitrage opportunities.”
  • Technology advancements in the use of silver in solar panels are allowing for thinner coats of paste, reducing the amount of silver used and making solar panels more affordable for the common man, leading to increased demand.
  • “Silver’s stronger right now, we broke out of the channel, and it’s expected to go back up.”

Insights and recommendations on investing in silver, including the importance of liquidity, premium assets, and the potential for future value improvement.

  • 00:00 In July, there will be centralization events including the launch of a central bank digital currency, the release of the Bank of International Settlements’ annual report on centralized money, and the introduction of a universal basic income, with England being the first to trial a month-long event.
    • Exit liquidity is an important but often overlooked aspect of investing in silver, and in this video, the speaker discusses upcoming events in July, the silver extinction story from China, mining research, and the significance of mining coin premiums.
    • In July, there will be centralization events including the launch of a central bank digital currency, the release of the Bank of International Settlements’ annual report on centralized money, and the introduction of a universal basic income.
    • In a pilot program, England will be the first to trial a month-long event, which may eventually be implemented in the US, and in July, there will be a confluence of events where various organizations will test the grounds for this program.
  • 03:36 China’s silver production is declining and they are now exporting silver for the first time in years, but the reliability of the data is debated.
    • Xiao Jin, a source of Shanghai exchange data in the jewelry industry, collaborated with the speaker and shared an interesting piece of information.
    • China’s silver production is decreasing and they are now exporting silver for the first time in years, but there is a debate about the reliability of the data.
    • Read the PDF on Zero Hedge to get all the information about Peak China silver.
  • 06:42 The speaker discusses upcoming interviews and discussions on silver reserves, China’s silver exports, and miners shorting silver, while also mentioning their interest in gold and mining research.
    • The speaker believes that the story is true and has verified it, and the person he is talking to has other stories and responds honestly to his questions.
    • The speaker discusses upcoming interviews and discussions on silver reserves, China’s silver exports, and the reasons behind miners shorting silver, while also mentioning their interest in gold and mining research.
  • 08:31 Invest in coins with high liquidity, like the American Eagle, to ensure a smooth selling process and secure exit liquidity for serious investors.
    • The speaker discusses the topic of premiums in coins, specifically American Eagle, Maple Leaf, and Spider-Man limited edition coins, and how they are important for serious investors.
    • Exit liquidity is crucial for investors, and it is important to invest in coins with high liquidity like the American Eagle to ensure a smooth selling process.
  • 11:09 Buy premium assets like respected coins for good exit liquidity, as their value may drop but the premium is unlikely to go to zero due to two big picture reasons.
    • Investors should buy premium assets with good exit liquidity, like respected coins, because they will retain their value even when the market drops.
    • Premiums on coins, particularly American Eagles, are dropping while the real estate market is softening, causing the value of these coins to lose their premium, but it is unlikely that the premium will go to zero due to two big picture reasons.
  • 13:10 When selling silver, focus on price and quality rather than volume, as premiums can vary; the speaker’s experience of selling silver coins revealed a tightening supply and prompted them to buy more.
    • Premiums on silver coins can vary, so it is important to focus on the price and buy quality rather than volume when selling silver.
    • The speaker discusses the experience of selling silver coins and realizing that the dealer was willing to pay more than the spot price, indicating a tightening supply and prompting the speaker to buy more.
  • 15:21 Canadian silver coins, like American Eagles, are highly liquid and can be easily sold in any country; it is recommended to buy Maple Leafs for better value and liquidity, as premiums for coins are dropping, with American Eagle premiums dropping slightly and other coins dropping significantly, and dealers may give away certain coins at spot to attract customers to open larger accounts.
    • Canadian silver coins are a good investment because they are highly liquid and can be easily sold in any country, similar to American Eagles.
    • The speaker advises against buying high-priced coins and suggests purchasing Maple Leafs instead for better value and liquidity.
    • Premiums for coins are dropping, with American Eagle premiums dropping slightly while other coins like Spider-Man and maple leaf will drop significantly, and dealers may give away certain coins at spot to entice customers to open larger accounts.
  • 18:25 Silver is currently in a downtrend, but there is hope for improvement in its value as technology reduces the need for silver in solar panels and increases demand, however, it is advised to wait for news between now and October before making any decisions.
    • Silver is currently in a downtrend, and until it breaks above a certain line, there is no hope for improvement in its value.
    • Scrap silver becomes available at different price points, technology is improving to use less silver in solar panels, and the affordability of solar panels increases demand.
    • Silver prices have broken out of a channel and are expected to go higher in the future, but it is advised to wait for news between now and October before making any decisions.

Investors Face A Coming 'Scramble To Stay Alive' Warns Veteran Wealth Manager Ted Oakley
Wealthion ... (From June 30)

Investors may face significant challenges and potential losses as the global economy deteriorates, interest rates rise, and indicators suggest a potential recession.

  • 00:00 Investors may struggle to survive as the global economy deteriorates, interest rates rise, and the current economic cycle nears its end, potentially leading to a recession and negative impact on various sectors.
    • Investors may face a struggle to survive as they cannot rely on the Federal Reserve to intervene, leading to potential financial difficulties for many.
    • Ted Oakley discusses the current bull rally and whether it indicates a safe time for investors to enter the markets or if it is a temporary draw before another bear market, and also mentions how he is positioning his clients’ assets for the future.
    • The global economy and financial markets are deteriorating, with the world heading towards a global recession and interest rates likely to slow growth further, although it is expected that central banks are nearing the end of raising rates.
    • Oakley warns that if interest rates continue to rise, it will put a squeeze on businesses and the debt that is coming due, indicating that we may be in the last inning of the current economic cycle.
    • The economy is not able to sustain the current high interest rates, leading to a potential recession and negative impact on commercial real estate, mortgages, borrowing costs, and inflation.
    • Oakley discusses the lag effect in monetary policy and its potential impact on the economy, questioning whether there will be a significant lag effect or if the markets are not concerned about it.
  • 06:52 Investors may struggle to survive as a lot of debt is coming due, the market is propped up by a few stocks, day traders will regret their decisions, Nvidia is overpriced, inflation is rising, and indicators suggest a potential recession.
    • A lot of debt is coming due in the next 18 months, and the speaker believes that people are hoping for a change but he doesn’t think that will happen, which will have a negative impact on employment and various areas of the economy.
    • Ted Oakley warns that investors may face a struggle to survive in the current market, as it is being propped up by a few top stocks and there is a lot of speculation, similar to previous periods that led to losses for many investors.
    • Many people who were making money day trading and investing in one-day options will likely regret their decisions as there is no free lunch in the market, and the average person doesn’t understand the true performance of the market or the influence of a few key stocks.
    • Stocks like Nvidia are overpriced, with a director recently selling $50 million worth of stock, which is concerning given the company’s high valuation.
    • Inflation is rising and will continue to do so due to unfavorable monthly comparisons, putting pressure on central banks to raise interest rates.
    • Inflation is expected to remain sticky, causing the Federal Reserve to potentially keep rates from lowering, leading to a squeeze on consumers and a potential recession due to indicators such as leading indicators being down for 14 months, gross domestic income being down, and a yield curve inversion of 100 basis points.
  • 16:37 Investors may face a scramble to stay alive as a recession looms, with missed earnings, bankruptcies, and potential business closures in the corporate sector.
    • Oakley warns that investors may face a scramble to stay alive as the effects of liquidity in the system take a long time to pass through, despite the belief that a predicted bad outcome may not happen.
    • The weight of evidence suggests a coming recession, with factors such as the Fed’s inability to lower rates and disconnects between the media and stock market indicating that investors may face difficulties in the future.
    • Many companies have missed their projected earnings for Q1 2023, and with higher interest rates and decreased business activity, it is unlikely that there will be a significant increase in earnings in the future.
    • Many companies that were relying on loans at low interest rates will likely file for bankruptcy as the economy continues to struggle, and there may be more collateral damage in the corporate sector as companies have to refinance their debts.
    • A significant number of companies in the Russell 2000 are unprofitable, which could lead to many of them going out of business.
  • 22:03 Investors are in a precarious position, relying on the Federal Reserve for help, but if they don’t intervene, many companies will struggle to survive, and the market is ignoring the Fed’s warnings, leading to potential failures in community banks and a decrease in value for office buildings.
    • Investors are hanging on by their fingernails, expecting the Federal Reserve to come to their rescue, but if the Fed doesn’t intervene, many companies will struggle to survive and the market is shrugging off the Fed’s warnings.
    • Oakley discusses the possibility of the economy struggling under current conditions and questions whether the Federal Reserve will be able to maintain the stability of the banking system.
    • Community banks are facing challenges due to high debt in commercial real estate and the inability of borrowers to pay off loans, leading to a tough banking business in the next year or two.
    • Smaller banks holding a larger share of commercial real estate debt could lead to a wave of failures as properties default or continue to struggle, potentially affecting insurance companies as well.
    • The oversupply of office buildings in cities like Dallas and Austin will lead to a decrease in value as subleasing becomes more prevalent, resulting in a scramble for investors to stay afloat.
  • 27:17 The banking system is facing a reckoning, smaller banks are struggling, unemployment is rising, businesses are cutting employee hours, and layoffs are expected to increase as the economy continues to struggle.
    • The banking system is facing a reckoning and despite various crises, the outcome always seems to be that the too big to fail banks get bigger while smaller banks struggle due to an oversaturated market.
    • Unemployment has been seen as a strong defense against recession, but there are increasing signs of stress in the employment system with rising initial claims and continuing claims.
    • Oakley discusses the declining labor leverage ratio and predicts a potential increase in layoffs as the economy continues to struggle.
    • Unemployment rates, declining work hours, and layoffs of white-collar workers are causing businesses to cut employee hours instead of letting them go, leading to a struggle for survival.
    • Unemployment is expected to rise due to slower economic times, as evidenced by a cement contractor experiencing a decrease in business and an increase in job applicants.
  • 32:18 Investors face a potential crisis as the housing market cools down, unemployment rises, and individuals are forced to sell their homes, leading to significant financial losses.
    • Oakley discusses the potential impact of inflation on the job market and the housing market, noting that while the official jobs data hasn’t shown a problem yet, mortgage rates have increased significantly without a corresponding correction in home prices.
    • The stock market and real estate market are in a stuck position due to a lack of sellers, but builders can still do some business by creating supply through selling mortgages, although a change in economic times could lead to an increase in supply.
    • The housing market is cooling down, but home builders are able to move inventory and undercut existing home prices, leading to high stock prices, and there will always be a natural number of sales that will eventually set the new price.
    • If employment starts to decline, it could trigger a wave of selling in the market, and there is a first mover advantage to selling early before prices drop further.
    • Investors in the real estate market, including big institutional investors and Boomers with second homes, may face a potential crisis if there is a trigger event like a rise in unemployment, causing a mass exodus from the market.
    • Investors are facing a potential scramble to stay financially afloat, as job losses and decreased luxury sales are causing individuals to sell their homes and face significant financial losses.
  • 39:28 Investors should be cautious as the housing market faces a correction, variable mortgage rates increase, and consumers face financial challenges, leading to concerns of a recession.
    • Residential real estate prices have been driven up by low interest rates, but the speaker predicts a correction of 15-20% and believes that the era of homes being seen as investments is over.
    • Variable mortgage rates have increased significantly, causing some homeowners to struggle, and while a drop in mortgage rates would be beneficial, it is still a long way from the low rates of the past.
    • Investors should not count on a return to previous market conditions, as there will be a prolonged era of forced sales in the housing market due to the aging Boomer cohort, making it an expensive time to buy a house.
    • Investors should be cautious about buying or paying for homes in the current market as the housing industry is changing and the bottom 80 to 90 percent of consumers are facing financial challenges.
    • Consumers are facing declining real wages, diminishing bargaining power at work, increasing reliance on revolving credit with high interest rates, plummeting personal savings rates, and rising defaults, leading to concerns that they may soon reach their breaking point and trigger a recession.
    • Real wages have declined for 25 consecutive months, leading to a decrease in consumer spending and a decline in restaurant business.
  • 49:11 Lower and middle-class individuals will suffer the most during times of inflation due to reduced spending and a K-shaped recovery, while the Federal Reserve’s attempts to prevent boom-bust cycles have ultimately ruined the system, allowing unprofitable companies to stay afloat with the help of Wall Street.
    • The impact of reduced spending and a K-shaped recovery will disproportionately affect lower and middle-class individuals, causing them to suffer the most during times of inflation.
    • Eventually, there will be a realization that the signs were there and times have slowed down, affecting everyone regardless of wealth, as recessions are a normal part of the business cycle.
    • The Federal Reserve’s attempts to prevent boom-bust cycles have ultimately ruined the system, as delaying the bust only leads to a worse outcome in the future, allowing unprofitable companies to stay afloat with the help of Wall Street.
    • The speaker discusses an interview with Senior Economist Lacey Hunt, who coined the term “other deposit liabilities” and the importance of this term in the shrinking market.
    • Continual money shrinking and the Fed’s impact of tightening by taking money out of the system, along with the need to address the deflation dragon, are key factors to consider in the second half of this year.
    • The market is currently focused on AI and investing in anything related to it, but there are potential challenges ahead that may force the market to reprice itself.

We're Going Off A Financial Cliff | Bill Holter
Liberty and Finance ... (From July 2)

Economic Collapse and Financial Crisis

  • “This next dip. I think is going to be the last dip I think we’re going off a cliff.”
  • The default of the U.S is a mathematical certainty, as evidenced by the events of the past 30 days.
  • The US debt has quadrupled since 1990, reaching 32 trillion dollars, with the debt service now standing at 850 to 900 billion dollars per year.
  • “We’re looking at a sovereign debt crisis, a global bankruptcy, just by looking at the numbers themselves – the amount of debt versus the interest rates.”
  • The current world order, where the United States has been at the top, is likely to change dramatically, leading to a collapse in the standard of living for Americans and Westerners in general due to currency and confidence crises.
  • “You’re gonna wake up one morning, you worked your whole life, you did all the things you were told to do, but when this event happens you’re gonna wake up and you’re gonna be destitute.”
  • Ordinary people who have taken prudent steps their whole lives will be left in a vulnerable position due to the simultaneous inflation of essential items and deflation of assets like stocks and real estate.
  • “Get out of the system…gold and silver are the only two monies on the planet that cannot bankrupt.”
  • “We’re going to have an implosion of the currency because the currency today is not real. It’s not backed by anything.”
  • “We’re going off a financial cliff.”

Historical Parallels and Lessons

  • The true goal of wars may not be the stated objective, but rather the perpetuation of war itself, allowing bankers to continue profiting from ongoing conflicts.
  • “If you’re a student of History, read about the fall of the Roman Empire. I mean it’s very similar to what the US is and has been doing… Rome over expanded, they started clipping their coins, and I mean it’s the same thing as what we’re doing now as we’re monetizing.”

Transcript:

  • 00:00 Stock brokers are unaware of impending bankruptcy and a financial collapse is predicted for the next market downturn, according to Bill Holter, a former Wall Street manager and financial markets analyst.
    • The speaker believes that stock brokers are unaware of the impending bankruptcy and predicts that the next market downturn will lead to a financial collapse.
    • Bill Holter, a former Wall Street manager and analyst of financial markets, discusses the current state of the world and the significant events happening.
  • 02:39 The US debt is rapidly increasing, leading to an inevitable default, as interest rates should be higher due to the risk of lending to a country with over 125% debt to GDP, causing a global sovereign debt crisis and bankruptcy.
    • The US debt and deficit are rapidly increasing, leading to an inevitable default that is already becoming a mathematical certainty.
    • The US debt has quadrupled since 1990, with the debt service increasing to 850-900 billion per year due to continually lowering interest rates.
    • Interest rates should be much higher due to the risk of lending money to a country with over 125 percent debt to GDP, leading to a global sovereign debt crisis and bankruptcy.
    • The US has a blend of maturity dates on its obligations, and as bonds mature and get rolled over at higher interest rates, there will be a slower but eventual impact on the economy.
  • 07:32 Real estate buyers are limited to lower-priced houses due to rising mortgage rates, while companies with debt are struggling and the stock market’s resilience may be questionable, urging stock brokers to be honest about the risks.
    • Real estate buyers are now only able to qualify for lower-priced houses due to the doubling of mortgage rates, which is a result of rising interest rates that are affecting both the real and financial economies.
    • Companies with existing debt are struggling to generate enough revenue, leading to decreased profit margins and potential business closures, while the stock market’s resilience may not be as reliable as previously believed.
    • Stock brokers may not understand the reality of the financial situation and should be honest with their clients about the potential risks.
  • 10:16 The US is facing bankruptcy due to massive debt and deficits, with the upcoming dip potentially being the last before going off a financial cliff, impacting its status as the strongest nation and world reserve currency, while the rise of a new gold-backed currency by BRICS nations will lead to the collapse of the Western financial system and a decline in the standard of living for Americans and westerners.
    • They believe what they’re saying, but the reality is that the US is facing a brick wall of bankruptcy due to the massive debt and deficits, with the upcoming dip potentially being the last before going off a financial cliff, and unlike other countries, the US has a significant military budget.
    • The US’s recent military failures, such as in Afghanistan, have undermined its status as the strongest and wealthiest nation, impacting its role as the world reserve currency.
    • Ukraine is losing badly and with the involvement of the Wagner group, Russia is likely to escalate the situation, which will be a major blow to Ukraine and its allies.
    • The speaker predicts that the rise of a new gold-backed currency by the BRICS nations will lead to the collapse of the Western financial system, resulting in a significant decline in the standard of living for Americans and westerners due to the collapse of currencies and loss of confidence.
  • 15:10 The recent tensions between Russia, Ukraine, and NATO are believed to be a result of the United States forcing Russia into a war, which benefits the bankers; NATO allies are now showing interest in working with China and the BRICS nations, making it difficult for the US to enforce sanctions against Russia.
    • Wars are not about the stated objectives, but rather about benefiting the bankers who finance both sides.
    • The speaker believes that the recent tensions between Russia, Ukraine, and NATO are significant and believes that Russia was forced into this situation by the United States, as war is beneficial for economies.
    • Putin’s actions in Ukraine were a result of being rebuffed in negotiations, and as a consequence, NATO allies are showing interest in working with China and the BRICS nations, making it difficult for the US to enforce sanctions against Russia.
    • Iran will be joining the SEO on July 4th, which is a significant development considering the list of countries that want to join the bricks.
  • 19:39 The US dollar’s status as the reserve currency is at risk due to a shrinking number of allies and the country’s retreat from global military presence, potentially leading to the Federal Reserve becoming the buyer of last resort, similar to the fall of the Roman Empire, and causing disruption to supply chains and a drastic change in our way of life.
    • The shrinking number of allies and the US retreating from its global military presence will likely result in the loss of global status for the US dollar as the reserve currency.
    • Once there is an alternative currency, countries will sell their dollars and the Federal Reserve will be the buyer of last resort, similar to the fall of the Roman Empire.
    • The speaker discusses the fragility of overly complex societies and the potential consequences of overextension, such as the disruption of supply chains and a drastic change in our way of life.
  • 22:57 People’s savings in dollars may become worthless due to a financial event, leading to a debt implosion, hyperinflation, and the deflation of assets, leaving them destitute.
    • Everything will be shaken up and your life will change when there is a financial event, such as banks collapsing, and the Federal Reserve will be the lender and buyer of last resort.
    • Saving in dollars may leave people destitute as the loss of confidence in the currency and fragility of the banking system could render their savings worthless.
    • The world will turn against the United States, causing people who have been financially responsible to wake up one day and find themselves destitute.
    • We are heading towards a debt implosion and hyperinflation, resulting in the worthlessness of money, exorbitant prices for basic necessities, and deflation of assets like stocks and real estate, leaving ordinary people in a precarious situation.
  • 26:48 Prepare, invest, and relocate wisely to protect your future by getting out of the system and investing in gold and silver, as the currency is not real and is not backed by anything, leading to an impending deflation of debt and an implosion of the currency.
    • The speaker reveals that the system we thought we understood and worked hard within was never set up for our benefit, and now we are living in an age of deception and betrayal.
    • Prepare, invest, and relocate wisely to protect your future by getting out of the system and investing in gold and silver, as failure to do so may lead to destitution similar to the Great Depression.
    • The currency today is not real and is not backed by anything, leading to an impending deflation of debt and an implosion of the currency, causing the value of the dollar to decrease significantly.
    • To stay connected with Bill Holter’s work, visit his website billholter.com or contact him directly through his business email b-h-o-l-t-e-r at hotmail.com.
    • Bill Holter discusses the importance of investing in precious metals and the services offered by Miles Franklin, a trusted bullion dealer.

Gold-backed BRICS currency to Dethrone Dollar | Alasdair Macleod
Liberty and Finance ... (From June 29)

The dominance of the US dollar as the reserve currency is being challenged, and a potential gold-backed currency by BRICS countries could have significant global implications.

  • 00:00 The dominance of the US dollar as the reserve currency is being challenged, with interest in gold and silver due to concerns about conflict and financial mismanagement, while a possible orchestrated rebellion in the UK and a potential counter-attack by Putin in Kiev could have significant global implications.
    • The dominance of the US dollar as the reserve currency is being challenged, which could have significant implications for global affairs and trade.
    • Silver Maples and backdated kangaroos are highly sought-after silver coins with high purity and are available at competitive prices.
    • Gold weakness in the face of financial mismanagement is a topic of research, and there is interest in the metals due to concerns about conflict in Ukraine.
    • The recent rebellion in the UK may have been orchestrated by British or American intelligence services to undermine unity between the shock troops.
    • The Wagner group, previously used by Russia, has likely finished their contract and their role has shifted to countering Black Ops operations in the Middle East and Africa.
    • Putin is likely to launch a counter-attack on Kiev in order to restore the Russian economy and drive up commodity prices.
  • 08:23 A new gold-backed currency being planned by BRICS countries could challenge the dominance of the US dollar as the world’s reserve currency and allow for free trade among countries representing 33% of global GDP.
    • Macleod suggests that at the upcoming BRICS Summit, there may be discussions about creating a new trade settlement currency backed by gold, which could potentially undermine Western currencies.
    • Many countries have expressed interest in joining or associating with BRICS, whose combined GDP is approximately one-third of global GDP.
    • The global population, including 31 countries, is expressing interest in joining BRICS, which is a significant development with potential implications.
    • A new gold-backed currency being planned by BRICS countries could potentially challenge the dominance of the US dollar as the world’s reserve currency and allow for the development of free trade among the 33 percent of the world’s GDP represented by these countries.
  • 13:26 The potential for a gold-backed BRICS currency and increased oil prices could challenge the dominance of the dollar, while the declining gold price is not necessarily indicative of future trends.
    • Putin’s approach to Ukraine this time is expected to be more organized and strategic, with a sensible plan in place.
    • The potential for increased oil and commodity prices, along with the emergence of a viable alternative trade currency to the dollar, could undermine the dollar’s dominance.
    • The declining gold price is attributed to the belief that interest rates will not decrease soon, despite historical evidence showing that high interest rates do not necessarily harm gold.
  • 16:22 A rise in interest rates and credit contraction may lead to bank failures and a decrease in lending, causing instability in the banking system and property markets.
    • A rise in interest rates could have significant risks for the banking system and property markets, and the combination of credit contraction and increased risk from the Ukraine situation may drive this instability in the near future.
    • The fragility of the banking system, particularly due to rising interest rates and overleveraged balance sheets, could lead to bank failures as credit contracts.
    • The high relationship between assets and shareholder funds means that any loss on the balance sheet is magnified, leading bank directors to increase leverage to maintain profits despite compressed margins, but now they are becoming aware of escalating risks.
    • Bankers are likely to be fired due to the increase in non-performing loans, leading to a contraction of balance sheets and a decrease in lending.
  • 20:44 A credit crunch and rising interest rates could lead to falling asset prices, risk for banks, and potential system collapse, as explained by the speaker.
    • A credit crunch will lead to rising interest rates, falling bond and asset prices, and a predictable banking cycle, as described by the speaker.
    • Macleod explains that the behavior of banks and geopolitical problems will lead to a credit crunch and exacerbate the current economic situation.
    • High interest rates not only affect asset prices but also put banks at risk and impact the deposits held by ordinary people.
    • Silicon Valley Bank’s accumulation of risk-free bonds with the belief that zero interest rates would be permanent resulted in significant losses when the Federal Reserve raised interest rates, causing a decrease in coupon yield and an increase in funding costs.
    • Falling asset prices lead to a decrease in the value of collateral held against customer loans, causing a cascade of self-feeding falls and potentially undermining the entire system, which could be exacerbated by higher interest rates.
  • 26:23 Governments may struggle to fund their deficits as interest rates rise, leading to increased yields on government debt and potential problems for insurance companies, pension funds, and banks.
    • Interest rates are likely to increase, causing potential problems for governments in funding their deficits through the sale of government debt.
    • Insurance companies, pension funds, and banks may stop participating in auctions, causing unfunded governments to increase yields in order to sell their stock.
    • The increasing risk of high coupons on US Government finances will have a detrimental impact on deficits and budget assumptions.
    • During a credit crunch, banks try to reduce non-performing loans and increase liquidity by investing in short-term US treasury bills and other cash alternatives.
  • 30:18 Macleod believes that the Ukraine situation could have a significant impact on the stability of savings and investments, leading to concerns about the integrity of the financial system, and recommends holding physical gold as a way to escape from a failing credit system.
    • He believes that if the Ukraine situation escalates, it is highly probable that these problems will affect us in the near future.
    • The uncertainty surrounding the stability of savings and investments, particularly in government bonds and bank deposits, continues to be a concern, with ongoing pressure on financial institutions and the potential for increased risk in the future.
    • Central banks, including the Bundesbank, are facing financial difficulties and are trying to rescue insolvent commercial banks, leading to concerns about the integrity of the entire system.
    • G20 countries have introduced legislation for bail-ins, but there are risks involved and it is recommended to have accounts in government-owned banks or large banks like JP Morgan, Citibank, and Bank of America.
    • Holding physical gold is a way to escape from a failing credit system, and the speaker recommends checking out their research articles on gomoney.com for more information on the Russian situation, BRICS, and new currencies.

Lawrence Lepard: Fed, Banks, and Potential for Rapid Contagion
Palisades Gold Radio... (From June 28)

Financial System Vulnerabilities

  • “There are a lot of factors coming together and they’re just. They’re. They’re coming together in a way that something’s going to break and we’re going to hit the wall.”
  • “Higher interest rates make the problem worse because the deficit requires selling more bonds, creating a doom loop or a vicious circle.”
  • “The FED is trapped because they’re running inflation over 2x their target on core, and if and when they pivot, the markets will force them to pivot.”
  • “The money is broken. It’s slowly been getting broken since 71 and that breakage has accelerated very rapidly.”
  • “The bond market is the whole issue…when people recognize that inflation is intractable, the bonds are mispriced and interest rates will have to go substantially higher.”
  • “These are the kind of rivets popping or early warning signals of financial distress that I believe are going to lead us to something that’s much bigger.”
  • “You can’t taper a Ponzi. There really is no going back, we need to continually expand the debt in order to prevent massive downturn bankruptcies.”
  • The federal government and other entities may be bankrupt, but because they can print money and are the reserve currency, they may not have to recognize it through bankruptcy filings, instead resorting to measures like yield curve control and quantitative easing.
  • “The unfunded liabilities of the United States are close to 200 trillion dollars…unless we’re going to break all those commitments and raise taxes, I don’t see how we go in the other direction or how this proves out to be wrong.”
  • “They try to block the exits…they’re suing a lot of people…trying to prevent people from participating in crypto because it’s an alternative to their Fiat system.”
  • “We do know that the government is bankrupt. We do know that they’ve expanded their balance sheet massively. What makes us think that they’re going to reverse it and get it all under control?”

Investment Opportunities

  • “The only thing to do right now is to hold on to sound money for dear life, knowing that on the other side of it all will be very well rewarded.” – Lepard emphasizes the importance of investing in stable assets during uncertain times.
  • “One of my best technical analysts is very close to issuing a tier one gold buy, which has only triggered at the bottom in 08, 2020, and 2015, indicating a potential upcoming gold buying opportunity.”
  • “When Bitcoin takes out 34, 40, 50 and gold takes out 2100, gold is going to run hard, signaling trouble for bonds and the recognition that fiat currencies are doomed longer term.”
  • “This is a multi-generational buy opportunity in the gold stocks.”

Inflation and Monetary Policy

  • “It’s not just a we printed too much money problem although that’s part of it. It’s also a supply problem and you know we coveted restricted. Supply cut down. Supply chains Etc. And so you have less Goods coming to Market well that’s going to lead to high rates a higher costs and and higher inflation.”

The key idea of the video is that gold, silver, and Bitcoin are safe investments amidst a fragile and manipulated financial system, potential economic downturn, and the risk of rapid contagion, providing a hedge against government control and the potential collapse of fiat currencies.

  • 00:00 Gold is likely to increase in size due to the destruction of reality and overwhelming probabilities, as evidenced by the rapid bank run at Silicon Valley Bank and other banks, leading to major failures and the need for the bank term funding program, along with other signs of financial instability.
    • Pay attention because reality has been destroyed and the probabilities are overwhelming for gold to increase in size.
    • Silicon Valley Bank experienced a rapid bank run, followed by other banks, leading to some of the largest bank failures in history, ultimately requiring the implementation of the bank term funding program to assist banks with a mismatch in asset duration.
    • There is a larger pattern that goes back quite some ways, and you can start looking at it from different places.
    • There have been various signs of financial instability, including the repo blowout in 2019, market downturns in 2018, the British pension fund crisis, REITs gating withdrawals, and property owners walking away from buildings due to the tightening campaign by the Fed.
  • 03:33 The speaker warns of potential rapid contagion in the banking system due to unrealized losses and interest rate moves, suggesting that the Federal Reserve may be forced to reverse its policy in the future, leading to a worsening deficit and the need to sell more bonds, potentially devaluing the dollar.
    • The speaker discusses the potential for rapid contagion in the banking system due to unrealized losses and interest rate moves, suggesting that the Federal Reserve may be forced to reverse its policy in the future.
    • The speaker suggests that while the Federal Reserve was able to quickly fix the recent financial issue, if a larger problem arises, they may not be able to fix it as easily, as there are multiple factors converging that could potentially lead to a crisis.
    • The U.S. government has a significant amount of debt to refinance in the next year or two, and with increasing deficits, it raises the question of who will buy this paper.
    • Higher interest rates are exacerbating the problem of the rapidly growing US federal interest payments, leading to a worsening deficit and the need to sell more bonds, creating a vicious circle.
    • The speaker suggests that the Federal Reserve may be forced to lower interest rates or engage in quantitative easing in order to refinance the increasing amount of debt, which could have negative consequences for the value of the dollar.
    • The Federal Reserve is trapped in a cycle of increasing inflation and will likely be forced to pivot, potentially creating new programs to maintain the system, despite the fact that the math doesn’t work.
  • 10:13 Hold onto sound money as a safe option amidst manipulated markets; broken monetary system and rapid money printing during COVID-19; long-term perspective on investments; bond market volatility and government intervention; inflation leading to mispriced bonds, higher interest rates, and economic downturn; potential bottom in gold market within 3-6 months.
    • The speaker believes that the current economic situation is difficult to escape and suggests holding onto sound money as a safe option amidst manipulated and unpredictable markets.
    • The speaker discusses the broken monetary system and the inability to print gold, Bitcoin, silver, or oil, highlighting the rapid acceleration of money printing during the COVID-19 pandemic.
    • The speaker encourages viewers to take a long-term perspective on their investments, as they believe that despite current difficulties, their reasons for holding them are valid and there is potential for rapid growth in the future.
    • The bond markets experienced significant volatility due to the failure of Silicon Valley Bank, but the situation was eventually calmed by the government.
    • Severe distress in the bond market indicates inflation is intractable, leading to mispriced bonds, higher interest rates, and a downturn in the economy and stock market.
    • A technical analyst is close to issuing a rare gold buy signal, indicating a potential bottom in the market within the next three to six months.
  • 15:28 The sentiment towards sound money is negative, indicating a potential opportunity to buy gold stocks, as the Fed’s actions may compound its mistakes, leading to a potential collapse or severe inflation in the future, causing substantial losses for banks and a surge in gold, Bitcoin, and silver prices.
    • The sentiment towards sound money is extremely negative, indicating a potential opportunity to pay attention to gold stocks, as previous instances of feeling this way have been good times to buy, and the Fed’s actions may be compounding its mistakes.
    • Some people are happy with higher interest rates on treasury paper, while others are concerned about the potential devaluation of the dollar and the negative impact on their purchasing power.
    • The inflation problem is not just due to printing too much money, but also a supply problem caused by restricted supply chains, leading to higher costs and inflation, which can only be solved by bringing on more supply through investment and capacity expansion, which requires borrowing that may be hindered by higher borrowing costs.
    • The speaker believes that the Federal Reserve is in a difficult situation and their credibility is decreasing, leading to a potential collapse or severe inflation in the future.
    • Higher interest rates are causing substantial losses for banks and the Fed could potentially intervene to prevent an economic collapse, leading to a surge in gold, Bitcoin, and silver prices.
    • The speaker highlights the cruel and unpredictable nature of the economic system and how it can easily manipulate and impact people’s lives.
  • 20:55 The Federal Reserve’s mistakes, including not discontinuing quantitative easing and zero interest rate policy sooner, have led to an inflated bubble and potential economic downturn, with the market indicating that the Fed will be forced to print money and cut interest rates quickly; food inflation, student loan forbearance, and high consumer credit card debt are causing financial stress, and there is potential for rapid contagion in the financial system due to the increasing deficit, although measures such as yield curve control or quantitative easing may be implemented.
    • The Federal Reserve has made numerous mistakes, such as not discontinuing quantitative easing and zero interest rate policy sooner, leading to an inflated bubble and potentially driving the economy into a serious downturn.
    • Historically, when money supply growth has gone as negative as it is now, severe panics or depressions have occurred, and the only solution is to continually expand or at least keep the debt level in order to prevent massive downturns and bankruptcies.
    • The market is indicating that the Federal Reserve will be forced to print money and cut interest rates quickly, despite the Fed’s plan to hold rates high for a while, as the market has a better understanding of what will actually happen.
    • Food inflation and the end of student loan forbearance are causing financial stress for consumers, and the potential for delaying the repayment of student debt is likely to continue.
    • US consumer credit card debt is at an all-time high, with people relying on their cards and paying the minimum, but eventually, adjustments will need to be made as expenses exceed revenues.
    • The speaker discusses the potential for rapid contagion in the financial system due to the federal government’s increasing deficit, which could lead to higher interest rates and the recognition of bankruptcy for entities, including the federal government, although they may resort to measures such as yield curve control or quantitative easing to address the issue, while also noting that other countries are facing similar or worse troubles and emphasizing the importance of measuring the value of money outside of the system, such as gold.
  • 28:37 Gold likely to surpass $2100 in the next six months due to trouble in bonds and the recognition of the Federal Reserve’s actions, while all fiat currencies are ultimately doomed; baby boomers are at the most risk due to their diminished earnings power, reliance on equities and real estate, and the potential impact of inflation and increasing property taxes; millennials and Generation X have the most time to recover; Bitcoin and silver are small assets that protect against inflation, with a significant influx of money expected as more people realize the problem of inflation and the ineffectiveness of traditional assets; underperformance of gold miners presents a buying opportunity; if the US government were to become fiscally responsible, it could potentially delay or prevent the doom loop of fiat currency, but the massive unfunded liabilities make it unlikely.
    • Bitcoin and gold breaking certain price levels will indicate the start of the next wave, with gold likely to surpass $2100 in the next six months due to trouble in bonds and the recognition of the Federal Reserve’s actions, while all fiat currencies are ultimately doomed.
    • The vulnerability of the average consumer’s wealth lies in the fact that the baby boomers, who hold the largest portion of wealth, are at the most risk due to their diminished earnings power, reliance on equities and real estate, and the potential impact of inflation and increasing property taxes.
    • Millennials and Generation X have the most time to recover from the potential economic crisis, with Boomers controlling the majority of wealth in tradable assets such as equities and real estate.
    • Bitcoin and silver are small assets that protect against inflation, but as more people realize the problem of inflation and that traditional assets like equities and real estate are not effective, there will be a significant influx of money into these assets, although there is still a large portion of the population who believe inflation will be controlled and we are still in the early stages of adopting an inflationary trend.
    • The speaker believes that the underperformance of gold miners presents a buying opportunity, as the price of gold is expected to increase and cause the gold stocks to rise significantly.
    • If the US government were to become fiscally responsible by means testing Social Security, cutting the military budget, reducing spending, and raising taxes, it could potentially delay or prevent the doom loop of fiat currency, but the massive unfunded liabilities of close to $200 trillion make it unlikely to go in the other direction.
  • 38:13 Regulators are actively trying to hinder cryptocurrency, the financial system is fragile and deceptive, and the potential for rapid contagion is high, with the speaker emphasizing the importance of recognizing lies and staying informed.
    • Regulators are actively trying to hinder participation in cryptocurrency as it poses a threat to their traditional fiat system.
    • The speaker believes that despite the challenges and potential for revolt, the problems in the economy will not be resolved during the summer and there may be unexpected surprises.
    • The speaker highlights the fragility and deception of the financial system, predicting a future crisis that will force authorities to scramble, as evidenced by recent panic and uncertainty surrounding bank failures and debt monetization.
    • The speaker emphasizes the importance of recognizing the lies and staying informed, as big changes will eventually occur and waiting until they happen may not be the best approach.
    • The potential for rapid contagion in the financial system is heightened due to digital interconnectedness, as demonstrated by the example of a massive loss in Silicon Valley Bank caused by a single news event.
    • If China were to suddenly sell all of their US treasuries, the Federal Reserve would be the only buyer left, leading to a significant increase in the Fed’s balance sheet and potentially causing the value of the US dollar to decline, prompting people to seek alternative investments like real estate, stocks, gold, silver, or Bitcoin.
  • 44:05 A potential rapid contagion in the financial system involving sovereign currency and debt could lead to a monetary reset, prompting the speaker to suggest investing in gold, silver, or Bitcoin as a hedge against government control.
    • A contagion is like a fire in a theater where everyone wants to escape.
    • The possibility of a rapid contagion in the financial system, similar to what happened in 2008, could occur on a larger scale involving sovereign currency and debt, as the government’s bankrupt status and expanding balance sheet show no signs of reversal.
    • The speaker believes that the fundamental problem with the Fed and banks is intractable and will continue to worsen, leading to a potential monetary reset in 2026 to 2028, and suggests investing in gold, silver, or Bitcoin as a hedge against government control.
    • The speaker predicts a potential monetary crisis in the near future due to current policies and recent actions by the Republicans.
    • The speaker discusses the freezing of something for three years and compares it to putting a Band-Aid on a gaping wound, and advises listeners to educate themselves and make their own investment decisions.
  • BlackRock’s entry into the Bitcoin market is seen as a game changer due to its status as the largest asset management company in the US and its strong political connections, making it a significant player in traditional finance.
  • If the BlackRock Bitcoin ETF gets approved, Bitcoin could potentially double in value, depending on economic factors and monetary policy at the time.
  • The approval of the BlackRock Bitcoin ETF could have implications for the entire crypto market, potentially either overshadowing other altcoins or lifting up the rest of the market.
  • “If this Bitcoin spot BlackRock ETF gets approved, you see the Bitcoin price doubling.”

Decentralization and control over Bitcoin

  • Owning all the Bitcoin does not make it centralized, as the key aspect of decentralization is the distribution of mining power among millions of machines globally.
  • Regardless of who owns the Bitcoin, the mining process remains decentralized, meaning that even if BlackRock were to buy a large portion of Bitcoin, they would not have control over the transaction process.
  • While it’s great for a centralized party like BlackRock to buy and hold Bitcoin in a bank vault, individuals can still control their own money by buying Bitcoin on the open market and avoiding the risks of centralization.
  • The design of Bitcoin, with its proof of work protocol, ensures a more secure network as it requires more computers to solve mathematical puzzles.

Confidence in the approval of the Bitcoin ETF

  • The probability of the BlackRock Bitcoin ETF succeeding is considered to be higher than 50%, given the belief that BlackRock has insider information and confidence in its approval.
  • Ran Neuner expresses a high level of confidence in the likelihood of the BlackRock Bitcoin ETF happening, stating that if he had to bet, he would put his kids’ university fund on it.
  • “When it feels the most uncomfortable to be pressing that buy button, that’s the time that we should be placing our bets on crypto.”

Transcript:

  • 00:00  A BlackRock Bitcoin ETF filing has sparked a shift in sentiment towards cryptocurrency, potentially leading to approval by the SEC and positive impact on the Bitcoin and altcoin markets.
    • BlackRock, the world’s largest asset manager, filing for a Bitcoin spot ETF has sparked other companies to do the same, leading to a shift in sentiment towards cryptocurrency, but the question remains whether the SEC will approve it and what impact it will have on the Bitcoin and altcoin markets.
    • BlackRock’s Bitcoin ETF would provide easy access to spot Bitcoin by holding physical Bitcoin as part of the ETF structure, unlike the grayscale Bitcoin trust which is not regulated as an ETF and can only buy Bitcoin, leading to a discount in its trading value.
    • A BlackRock Bitcoin ETF would allow investors to buy and sell Bitcoin directly, increasing its scarcity and making it a healthier investment option compared to a Futures ETF.
    • A Bitcoin spot ETF creates buying pressure for the scarce asset and eliminates the manipulation and creation of paper Bitcoin, making it a positive product for believers in Bitcoin.
    • The SEC has consistently denied Bitcoin ETFs due to concerns about manipulation, but BlackRock’s entry into the market could change that as the SEC has been unfavorable towards crypto in the past.
    • BlackRock’s application for a Bitcoin ETF, combined with the SEC’s recent crackdown on crypto, indicates a significant shift in the market and has led to a positive outlook for Bitcoin and the overall crypto market.
  • 10:33  BlackRock’s confidence in their Bitcoin ETF approval is based on their track record, distribution network, and ties to the US government, potentially suggesting insider knowledge or a special deal; the submission may also be a strategic move by the SEC chairman to appease critics and give back to the crypto community.
    • BlackRock’s confidence in the approval of their Bitcoin ETF is based on their successful track record, extensive distribution network, and close ties to the US government, suggesting they may have insider knowledge or a special deal in place.
    • BlackRock’s submission of a Bitcoin ETF application may be a strategic move by the SEC chairman to appease critics and give back to the crypto community, as Bitcoin is considered a commodity and outside of the SEC’s control, making BlackRock the ideal candidate for approval.
    • The BlackRock Bitcoin ETF could be a strategic move by Gary Gensler to maintain his position and win favor amidst calls for his resignation, as politicians’ positions on cryptocurrency are becoming increasingly influential in elections.
    • BlackRock’s involvement in Bitcoin as a proxy for the US government and its centralized nature raises concerns among Bitcoin purists who see it as contradicting the decentralized ethos of the cryptocurrency.
    • BlackRock uses its financial power to enforce ESG policies and behaviors on companies, which has been criticized as an oppressive tool of control.
    • Increasing diversity in employment is important and can impact compensation, so it is necessary to force behaviors and take action to achieve these goals.
  • 19:27  BlackRock’s potential launch of a Bitcoin ETF could be a game changer for the cryptocurrency, as their involvement would counter environmental concerns and their vast distribution network makes them an ideal buyer and distributor, although concerns have been raised about the possibility of them pushing for a hard fork.
    • BlackRock’s involvement in Bitcoin as a driving force for ESG is not a concern, as it helps counter the criticism that Bitcoin is not environmentally friendly.
    • Bitcoin’s decentralized nature is maintained through the scattered network of computers, or miners, that approve transactions, preventing collusion and ensuring the integrity of the currency.
    • The total supply of Bitcoin is fixed at 21 million and can only be changed if the majority of miners agree, so even if BlackRock buys a large portion of Bitcoin, it won’t affect the decentralized mining process.
    • BlackRock, as the largest asset management company in the US with a vast distribution network, would be the ideal buyer and distributor for Bitcoin, making their potential launch of a Bitcoin ETF a game changer for the cryptocurrency.
    • BlackRock’s inclusion of a line in their Bitcoin ETF filing stating that they may use their discretion to determine which version of Bitcoin is appropriate for the trust’s purposes has raised concerns among investors about the possibility of BlackRock pushing for a hard Fork that would transform Bitcoin from proof of work to proof of stake.
    • BlackRock’s Bitcoin ETF filing includes language addressing the potential for a network fork and the need to determine the correct Bitcoin, suggesting that it was included without malicious intent.
  • 26:31  BlackRock’s potential purchase of Bitcoin and transition to proof of stake could be a game changer, leading to increased funding for Bitcoin development and involvement with miners, despite concerns about a potential fork.
    • Miners solve mathematical puzzles to confirm Bitcoin transactions in proof of work, while in proof of stake, Bitcoin owners approve transactions by staking their coins in a voting mechanism.
    • Bitcoin’s proof of work protocol is designed to make the network more secure as it grows, while Ethereum’s move to proof of stake raises concerns about increased control for token holders.
    • BlackRock’s potential purchase of Bitcoin and its plan to transition it from proof of work to proof of stake could be a game changer, despite concerns about its ESG narrative.
    • If miners do not agree to switch from proof of work to proof of stake, the Bitcoin chain will remain the real chain and BlackRock will not be able to convince over 50% of miners to adopt proof of stake.
    • BlackRock’s Bitcoin ETF could be a game changer if it becomes successful and leads to increased funding for Bitcoin development and involvement with miners.
    • BlackRock’s Bitcoin ETF could potentially lead to a fork in Bitcoin, but the speaker is not concerned about it and believes that investors would sell the BlackRock ETF and buy another ETF that aligns with their preferred chain.
  • 33:28  BlackRock Bitcoin ETF could be a game changer for Bitcoin’s price, providing easy access for institutions and potentially doubling its value, especially with upcoming events like the halving and election issues.
    • BlackRock Bitcoin ETF has a high likelihood of happening according to the speaker, and if it does, it could be a game changer for Bitcoin’s price.
    • BlackRock Bitcoin ETF will be a game changer as it will provide an easy way for institutions and funds to access Bitcoin, which is currently difficult due to the contango effect of Bitcoin Futures ETFs and the complexities of buying and holding Bitcoin.
    • BlackRock Bitcoin ETF will provide easy access to crypto for institutions through their distribution network, and with Bitcoin’s historical returns and high performance, it has the potential to be a game changer in the asset class.
    • If the BlackRock Bitcoin ETF is approved, Bitcoin’s price is predicted to at least double and could be influenced by economic factors and monetary policy.
    • The approval of the BlackRock Bitcoin ETF in February, combined with the upcoming halving and election issues, could lead to increased demand and a positive impact on the price of Bitcoin, potentially affecting other altcoins as well.
    • Most candidates running for office have expressed support for bitcoin and cryptocurrency, with some even receiving their salary in bitcoin.

Rick Rule about uranium, certain stocks and CEOs, gold, silver and more
Triangle Investor ... (From June 30)

Rick Rule is bullish on uranium, gold, and silver, and believes that the Japanese restart of nuclear plants will benefit uranium equities and increase global demand, making it a favorable entry point for speculators.

Uranium Market Insights

  • The turnaround of the Japanese nuclear fleet not only tightens uranium supplies but also shifts Japanese inventories from fuel to sale, eliminating a market overhang.
  • “The fact that about 75 percent of the transactions in the uranium space don’t occur in the spot Market anymore. They occur in the term market and the term Market settlement prices are markedly higher than spot.”
  • Rule recognizes the importance of optionality in the uranium market, running a $75 case on companies to determine if higher quality companies offer more optionality for free compared to lower quality companies.
  • The nuclear power industry understands three fundamentals: the impact of inventory tightening, the low cost of debt capital for uranium inventories, and the importance of supply and demand dynamics.
  • Utilities recognize the need for uranium in the future and are engaging in prudent activity by front-running the recontracting cycle to secure inventory, indicating a potential increase in demand and pushing the price higher.
  • “The United States has come to recognize in the very badly misnamed inflation reduction Act that nuclear fuel will be an important part of America’s low carbon Energy Future and if you deal with that you have to deal with uranium energy you just have to deal with it.”
  • “I want that hundred million pounds to be in the lowest cost quartile worldwide.” – Rick Rule highlights the significance of low production costs as a crucial factor when considering investments in uranium stocks.

Investment Strategies and Risk Assessment

  • “Robert Friedland is the single most successful exploration speculator on the planet.”
  • Rick Rule’s strategy of leveraging existing databases for exploration is a brilliant and cost-effective approach.
  • “I understand political risk… jurisdictions that seem safe often aren’t.”
  • “We begin by getting wonderful gurus, wonderful big picture thinkers…people that have a unique worldview and not the world view that you would see in the mainstream media.”

Gold and Silver Analysis

  • “Gold, bullish.” – Rick Rule
  • “I like to use Net Present Value rather than price earnings or cash flow. It’s a more conservative metric and by that metric the gold stocks are the cheapest that they’ve been in my career.” – Rick Rule
  • “The silver equities in a bull market outperform any other natural resource equities class.”

Transcript:

  • 00:00 Rick Rule is bullish on uranium, gold, and silver, and believes the Japanese restart of nuclear plants will benefit uranium equities and increase global demand, making it a favorable entry point for speculators.
    • Rick Rule, a resource investing legend, is being interviewed by Lucian and discusses his background of opening a bank at the age of seven.
    • The speaker discusses the delay in the grand opening of a venture due to the FDIC’s approval, but expresses hope that it will open in the summer or early fall.
    • Rick Rule is bullish on uranium, gold, and silver, neutral on oil and copper, and has no comment on tech stocks, platinum, and the US dollar.
    • The Japanese restart of nuclear plants and the increase in demand for uranium will remove market overhang and benefit uranium equities.
    • Global uranium demand is increasing due to the pace of Japanese restarts, leading to higher spot and term market prices.
    • The current price of uranium presents a favorable entry point for speculators, but it is important for new investors to continue educating themselves before investing, as there are only 11 or 12 viable companies in the sector at current prices.
  • 08:38 The uranium market is experiencing a decrease in spot market transactions, with utilities strategically stockpiling uranium due to upcoming refueling cycles, leading to potential opportunities for certain uranium companies like Denison Mines and Global Atomic.
    • We prioritize existing producers and developers with solid economic viability at $60 per pound, but also consider a $75 case to determine if higher quality companies offer more optionality for free, and the speaker is asked about the spot price for the next six months.
    • Currently, there is a decrease in transactions on the spot market for uranium, with 75% of new transactions occurring in the opaque term market, similar to the market conditions 15 years ago.
    • The nuclear power industry is experiencing a tightening of supplies due to reduced inventory and low costs of financing uranium inventories.
    • Utilities are strategically stockpiling uranium due to the upcoming refueling cycle, recognizing the economic advantage of anticipating future needs with inventory.
    • New nuclear power plants need to contract for sufficient fuel to amortize loans, causing tightness in the market, and the speaker will discuss the pros and cons of certain uranium companies.
    • Denison Mines is owned by the speaker due to their large interest in the Athabasca Basin and their high-grade discoveries, while Global Atomic was initially not recommended due to instability in Niger, but the speaker acknowledges that Niger has been a long-time uranium producer with no incidents.
  • 16:19 Rick Rule prefers privately owned stocks with large, low-cost deposits and high returns, acknowledging the importance of uranium energy and recognizing the value of stocks like UEC, while highlighting potential in Uranium Energy and Anfield Energy as near-term producers.
    • Rick Rule prefers to own stocks privately, focusing on deposits that are large, low-cost, and have a high return on capital, and while he is not interested in Encore Energy, he acknowledges the importance of uranium energy in America’s low carbon energy future and recognizes the value of uranium energy stocks like UEC.
    • Uranium Energy and Anfield Energy are two US companies with potential as near-term producers, with Uranium Energy having a large investor base that makes the stock responsive to positive news in the uranium business.
    • Rick Rule discusses his investments in Goviex Uranium and Bannerman Energy, highlighting the removal of previous concerns and his comfort with Namibia as a destination, while also mentioning his positive experiences with John Borschoff but expressing concerns about his age and the grade of his deposit.
    • John Borschoff, the CEO of a uranium company, has impressed the speaker with his ability to consolidate the industry and his determination to succeed, leading the speaker to invest in his company.
    • Explore with existing database instead of spending money on exploration, as it already contains valuable information.
  • 23:06 Rick Rule has high regard for certain CEOs in the uranium industry, but has concerns about their involvement in multiple companies, and evaluates good companies based on three metrics while avoiding those with three red flags.
    • John Borschoff, the CEO of Deep Yellow, is a determined individual who is available 24/7 for more information about the company.
    • Rick Rule has a high regard for David Cates from Denison and Amir Adnani, but has concerns about Adnani’s involvement in too many companies.
    • Stephen Roman, a veteran in the uranium industry, comes from a family deeply involved in uranium mining, which has given him a unique perspective and experience in the field.
    • Daniel Major from Govix and Mr. Monroe Brandon are highly impressive individuals, with Major being an expert in exploration and Brandon being a future superstar in explaining topics, but the size of the prize is a concern; Rick Rule evaluates good companies based on three metrics and avoids companies with three red flags.
  • 27:33 Investing in uranium stocks requires considering factors such as valuation, size of the prize, return on capital employed, and all-in sustaining costs, while expertise and experience are crucial for success; however, many exploration companies, developers, and producers are currently facing difficulties in raising money and closing private placements.
    • Valuation, size of the prize, return on capital employed, and all-in sustaining costs are important factors to consider when investing in uranium stocks.
    • Investing in uranium in certain countries is important, but expertise and experience in the specific task at hand is crucial for success.
    • During the bull market, the probability of a company having a successful team in the uranium business was favorable, but as the number of companies increased, the probability became unfavorable, and currently, exploration companies, developers, and producers are facing difficulties in raising money and closing private placements.
    • Companies looking for uranium but don’t have any experience finding it and can’t raise money don’t deserve to raise money, which is good for the market, but companies like Denison and John Borschoff have no trouble raising money.
    • The speaker discusses the relative strength of the US economy against higher interest rates and expresses surprise that it hasn’t been more seriously impacted, while also expressing a preference for the market to set interest rates.
  • 33:50 Gold equities are currently undervalued, with 80% of gold junior issuers having no value, but the remaining 10-20% are fairly priced or cheap, and investing in tier one or strong tier 2 gold and uranium deposits with low costs and high return on capital is preferred, along with buying physical gold in bars; silver equities are not plentiful, but the silver business has been profitable due to the production of silver as a byproduct in mines, and in a true silver bull market, there is explosive upside potential for patient investors who can handle volatility.
    • Gold equities are currently very cheap compared to their net present value, making them an attractive investment opportunity.
    • There are wide valuation discrepancies among gold junior issuers, with 80% exhibiting no value, but the remaining 10-20% are fairly priced or cheap, and while political risk is a concern, it is preferable to technical risk.
    • The speaker prefers tier one or strong tier 2 gold and uranium deposits with low costs and high return on capital, and prefers buying physical gold in bars rather than coins.
    • Silver equities are not plentiful, but the silver business has been profitable due to the production of silver as a byproduct in mines.
    • In a true silver bull market, there is a lack of silver equities and market capitalization, leading to explosive upside potential for patient investors who can handle volatility.
  • 40:15 Rick Rule primarily invests in conventional energy and industrial materials companies, such as Rio Tinto and BHP, due to their potential for price recovery and high dividends, while also exploring opportunities in gold and other commodities; he emphasizes the importance of mergers and acquisitions and the self-interest of management teams in the industry.
    • The speaker has primarily invested in conventional energy such as oil and gas due to his comfort and belief in the potential for price recovery and increased share prices.
    • Investing in producers in the industrial materials complex, such as Rio Tinto, BHP, and Glencore, is a strategic move due to their low Enterprise Value to Net Present Value relationships and ability to pay high dividends.
    • I am betting on the increasing global population and improving living standards, and as an experienced speculator, I am attracted to exploring for various commodities, particularly gold, due to the potential for mergers and acquisitions and the belief in a forthcoming bull market for precious metals equities.
    • Big companies have a competitive advantage due to lower cost of capital, and smaller management teams can benefit from mergers in the exploration space to lower expenses and increase liquidity, but most management teams prefer to be the surviving manager.
    • Most managers act in their own self-interest rather than in the interest of shareholders, resulting in fewer mergers; Rick Rule’s biggest loss was investing in a Canadian company called heating oil Partners due to the management team’s irrational actions; the benefit of attending the Symposium is its longstanding existence for 30 years.
  • 46:39 Rick Rule emphasizes the importance of a contrarian worldview, experienced analysts, and learning from successful entrepreneurs in the natural resource industry, while also mentioning the live-streaming of the conference and offering personalized rankings and comments on stocks.
    • The speaker discusses the importance of having a unique contrarian worldview, experienced analysts and portfolio managers, and learning from entrepreneurs who have built multi-billion dollar natural resource companies.
    • Every public company exhibitor at the conference is owned by the sponsors, and attendees can get a refund if they feel they didn’t get their money’s worth.
    • The conference will be live-streamed this year, allowing attendees to access the recordings for six months, which has been personally valuable for the speaker who has replayed last year’s conference multiple times.
    • Rick Rule offers personalized rankings and comments on natural resource stocks at ruralinvestmentmedia.com, excluding text talks, pot stocks, and crypto, and looks forward to engaging in conversations about them.

Andrew Maguire: The Apocalyptic 8000-Tonne Gold Miscalculation. Live From The Vault Ep:129
Kinesis Money ... (From July 1)

Andrew Maguire urges individuals to take action and secure real bullion as soon as possible due to the potential revaluation of gold, the increasing accumulation of gold by central banks, and the possibility of a market crash.

  • 00:00 Take action to secure real bullion as soon as possible due to the possibility of a crash and the Fed’s unpreparedness for a gold revaluation, as competing central banks accumulate gold and the price could reach $6,000 per ounce, while a potential Black Swan event involving the Russian nuclear Arsenal is discussed.
    • Take action to secure real bullion as soon as possible due to the possibility of printing money or a crash, as Andrew McGuire discusses the truth about the precious metals industry and the effects of the global economy.
    • Andrew Maguire discusses the urgency of securing real bullion due to the Fed being unprepared for a globally driven gold revaluation.
    • Competing global central banks are accumulating physical gold to bolster their reserves, while the Fed is falling behind and running out of tools to control the price of gold, leading to an inevitable and imminent gold market revaluation that could reach as high as $6,000 per ounce.
    • Maguire discusses the possibility of a Black Swan event occurring over the weekend, specifically if the Russian nuclear Arsenal had changed hands into the Wagner militia control.
  • 05:06 The potential revaluation of gold could cause a significant increase in price, wiping out spec shorts and leading to a possible default on the comex and unlimited losses for naked short specs, while insider commercials are hiding delivery exposure.
    • If the gold market goes bid only, the physical price of gold would dislocate from the cash settle price, causing a significant increase in price and wiping out spec shorts, with the possibility of the FED revaluing gold to address the situation.
    • Maguire discusses the potential consequences of revaluing gold and the double ownership issue, including the possibility of a complete default on the comex and unlimited losses for naked short specs.
    • Insider commercials are trying to hide a large amount of delivery exposure, causing a delay in the delivery of spot contracts.
  • 09:26 Central banks are buying more physical gold, causing the gold price to rise and leaving speculators vulnerable, suggesting the Fed’s strategy may have been a miscalculation.
    • Central Bank buying of physical gold has increased, leaving speculators who hold short paper gold positions vulnerable, and the Fed’s strategy may have been a miscalculation.
    • The gold price rose by $270, indicating that despite market fluctuations, central banks and physical buyers are strategically purchasing gold.
  • 12:20 Sovereigns strategically positioned themselves based on the political and economic climate, but a cartel miscalculation led to a thin market overshoot of Central Bank tonnage spot bid levels. The Federal Reserve is mismanaging gold while other central banks are increasing their reserves, causing a split among speculators.
    • Sovereigns anticipated the actions of the Federal Reserve and strategically positioned themselves based on the political and economic climate.
    • Last week’s thin market overshoot of Central Bank tonnage spot bid levels was likely a cartel miscalculation.
    • The Federal Reserve is mismanaging gold and trying to maintain a paper gold illusion, while other central banks are taking advantage of the situation.
    • Russia, China, BRICS, and African nations are increasing their gold reserves to back their currencies against a depreciating dollar, causing a split among speculators who are using gold as a risk-on hedging tool and will not be affected by rigged price declines.
  • 16:36 Non-US traders are using the Comex Futures exchange to convert their Fiat gold positions into spot gold, creating an opportunity to seize before a real gold price emerges, as the Fed does not have enough bullion to deliver when these outflows hit the deliverable spot gold markets in 2023.
    • Etc will act as fire insurance and was purchased for wow well, with the speaker discussing the important split in the Speculator category.
    • Andrew discusses the diminishing ability of the FED to leverage gold through the comex Futures exchange, resulting in decreased volatility and the realization that trading gold is actually trading a move in gold.
    • Non-US traders are using the exchange for physical mechanism to convert their Comex Fiat gold positions into spot gold deliverable positions, which is forcing the Comex to reflect a real physical price and creating an opportunity to seize before a real gold price emerges, as the Fed does not have the bullion to deliver when these outflows hit the deliverable spot gold markets.
    • In 2023, holding physical gold or silver is crucial for wealth protection and preservation against self-serving bankers, as the casino environment and basil III compliant efp outflows will increase volatility and force a higher price.
  • 21:31 Maguire discusses the market’s current state and emphasizes the importance of looking ahead to July trade, noting upcoming options expiry and contract rollover in silver, which could result in a supply deficit and market-making commercials being on the long side of bearish spec bets made against gold and silver futures, with insiders expected to take action against naked short speculators who miscalculated the impact of Chinese exchanges being closed.
    • Andrew discusses the current state of the market following the recent activity of the Fed and emphasizes the importance of looking at what to expect as we enter the July trade.
    • On Tuesday, the speaker discusses the upcoming options expiry and contract rollover in silver, noting that after first notice day on Thursday, the commercials will be left holding the last contracts, resulting in a massive supply deficit and the market-making commercials being on the long side of bearish spec bets made against gold and silver futures.
    • Insiders are expected to take action against naked short speculators, who miscalculated the impact of Chinese exchanges being closed and triggered a spec long stop hunt in thin liquidity.
  • 24:26 The aggressive selling of gold coincided with the closure of the Shanghai Gold Exchange, resulting in a disconnect between paper selling and Central Bank demand, leading to a miscalculation by the cartel and upcoming delivery demands, while China buys gold to hedge against potential sanctions and the Federal Reserve’s stance raises concerns of a banking contagion.
    • The aggressive selling of gold by officials was timed to coincide with the closure of the Shanghai Gold Exchange, allowing them to take advantage of a three-day window to eliminate as many speculative positions as possible.
    • The thin market overshot the level due to a massive spec capitulation, but liquidity providers were unable to cover into the sticky specs, resulting in a disconnect between the Comex paper selling and Central Bank demand.
    • The oversupply of gold resulted in a miscalculation by the cartel, leading to the Central Bank of China acquiring deliverable gold, while the gold and silver derivative selling exercise orchestrated by officials has reached its limits, requiring short covering, and there are upcoming delivery demands from Sovereign and Central Banks, with evidence of a paper to physical disconnect and a reversal in the correlation between gold and silver prices and the rising dollar.
    • Chinese markets were absent last week, but the People’s Bank of China (pboc) was reported to be buying a large amount of gold in response to escalating geopolitical tensions with the US over Taiwan, which is accelerating and being used to hedge against potential sanctions, while the hawkish stance of the Federal Reserve raises concerns of a banking contagion, all of which will impact the markets and boost the dollar Index.
  • 29:18 Silver futures are oversold, causing a physical supply shortage and potential short squeeze, making it an attractive buy with limited downside.
    • Silver futures are oversold due to a rising dollar, leading to a physical supply shortage and a potential short squeeze situation.
    • Silver supply is in deficit, with short positions being covered due to Asian and Chinese buyers taking advantage of discounts, indicating a potential short squeeze and making silver an attractive buy with limited downside.
    • Understand the difference between physical gold and silver and the paper markets, and make sure to own physical gold and silver.
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