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Top Three Videos – September 8, 2023

Andy Schectman: If You Don't Hold It You Don't Own It - Myth or Reality?

Arcadia Economics

Quick Summary Bullets:

Key insights

  • “There is wisdom in the statement that if you don’t physically own or possess it, you don’t own it.”
  • “Gold and silver are performing really well in other currencies, blinding the reality of their strength due to the dollar’s dominance.” – Schectman suggests that the dollar’s weakening reserve status could lead to a significant rise in gold and silver prices.
  • “The truth of the matter is that we’re still the minority in this ecosystem of finances, and until the public wakes up and realizes the importance of protecting themselves with something like precious metals, it’s gonna be frustrating.” – Andy Schectman
  • “I believe it will be the banks that light the fuse for higher prices and premiums, with potential bank failures and bail-ins.”
  • “Gold and silver are assets that maintain no counterparty risk or are not someone’s liability simultaneously with your ownership.”
  • “If you don’t hold it, you don’t own it.” – There is credibility to the idea that physical possession of gold or silver is necessary to truly own it.
  • In a world where things are upside down, it’s best to hold your own assets and remove counterparty risk to protect yourself from potential system manipulation.
  • Andy Schectman emphasizes the importance of holding physical gold and silver before considering storage options, highlighting the value of personal possession.

Transcript Summary:

  • 00:00 If you don’t physically possess or own something, you don’t truly own it, and the price of silver is being manipulated to maintain the illusion of a strong currency, but people in the market see it as a positive development despite frustration.
    • If you don’t physically possess or own something, you don’t truly own it.
    • The price of silver is being manipulated to maintain the illusion of a strong currency, but people in the market understand this and see it as a positive development despite their frustration.
  • 02:44 It is important to understand the fundamentals of gold and silver and trust in their long-term value, even if prices are not currently rising significantly.
    • You don’t walk into a store hoping to pay full price, but rather looking for a sale.
    • Schectman discusses the importance of understanding the fundamentals of gold and silver, and suggests that while prices may not be rising significantly at the moment, the strong fundamentals indicate that higher prices will come in the future, and it is important to be patient and trust in the long-term value of holding gold and silver.
  • 05:19 He discusses the impact of influential interviews on the gold and silver industry, expresses frustration with people not understanding the importance of protecting themselves with precious metals, and believes that bank failures and bail-ins will cause higher prices for physical assets.
    • Schectman discusses the impact of two influential interviews on the gold and silver industry, the increase in production of silver eagles, and the stabilization of premiums.
    • He expresses frustration that the majority of people do not understand the importance of protecting themselves with hard assets like precious metals, despite central banks doing so.
    • He believes that there will be bank failures and bail-ins that will cause a higher price and premiums for physical assets, but is surprised that the demand and premiums for physical assets have not increased significantly yet.
  • 08:28 Gold and silver are undervalued assets that have gained more investment this year, but it is important to physically own them in order to truly possess them, even though storing large amounts at home can be difficult.
    • Gold has gained more investment this year due to instability in banks, but silver still remains dominant, with people pulling out large sums of money to protect themselves and be their own bank.
    • Gold and silver are undervalued assets that have no counterparty risk, and it is important to physically own them in order to truly possess them.
    • If you don’t hold your gold or silver, you don’t truly own it, but storing large amounts at home can be difficult, so using storage facilities may be a risk to consider.
  • 11:39 Hold your own precious metals to minimize risk and eliminate counterparty risk, but if that’s not possible, store them with a reputable institution like Brinks as an alternative storage option.
    • Store your precious metals with a reputable institution like Brinks to minimize the risk of losing your money, although there is still a possibility of them being confiscated by a government.
    • Store your metal personally if you can, even if it means getting creative and digging a hole in your backyard, because in the current world, premiums aren’t going to increase significantly.
    • In a world where things are unpredictable and upside down, it is safer to hold your own possessions and eliminate counterparty risk, as there is a higher chance of being ripped off by the system than by a burglar, although Brinks is still a reliable option.
    • Hold your own assets because insurance policies may not cover all risks, and if that’s not possible, there is an alternative storage option available.
  • 15:41 Diversifying storage locations for precious metals is important due to potential changes in laws and the rise of digital currencies, as relying solely on cryptocurrencies or holding assets in private locations may not guarantee safety from the system, but storing in a secure facility is a good option if you can’t keep it at home, although possessing it yourself is still preferable.
    • Diversifying storage locations for precious metals is a good idea due to potential changes in laws and the rise of digital currencies.
    • Diversity is important because relying solely on cryptocurrencies or holding assets in private locations may not guarantee safety from the system.
    • Storing precious metals in a secure facility is a good option if you can’t keep it at home, but it’s still preferable to possess it yourself, although as the owner of a company, the speaker has no choice but to use storage facilities.
  • 18:36 The BRICS meeting, which includes major oil and agricultural producers and represents 30% of global GDP, has expressed interest in joining, potentially impacting the price of gold, but financial ministers will report back next year after conducting due diligence.
    • The BRICS meeting included major oil and agricultural producers, as well as the fastest growing economy in Africa, making up 30% of global GDP.
    • 46 percent of the world’s population and 43 percent of the world’s oil production, along with significant amounts of rare earth metals, have expressed interest in joining BRICS, which is a significant event that people are not considering, as they were expecting the price of gold to increase but instead the financial ministers of these countries were tasked to do their due diligence and report back next year.
  • 20:41 Concerning shifts in global cooperation and expansion, including Iran’s membership in the Shanghai Cooperation Organization and the decline of Saudi Arabia’s oil exports, indicate the need for close monitoring, while potential resolutions to tensions between China and India and the possibility of a gold settlement currency by BRICS countries remain uncertain; specials on silver and gold are available.
    • Iran’s membership in the Shanghai Cooperation Organization and the decline of Saudi Arabia’s oil exports and treasury holdings indicate a shift towards cooperation and expansion, which is concerning.
    • Belarus is proposing a joint summit between the Eurasian Economic Union and the Shanghai Cooperation Organization to discuss their convergence with the BRICS nations and the Belt Road, which signifies the growing expansion and unity of these organizations in terms of population, utility, GDP, commodities, and military power.
    • China and India have agreed to seek a resolution to tensions along the Himalayan border, which is a trend that is not good for the dollar and needs to be closely monitored, while the possibility of a gold settlement currency being worked on by the BRICS countries is still uncertain.
    • Specials on silver and gold include the 2023 110th ounce gold eagle at $37.50 over melt value and the Val kambi kilo silver bar at $1.99 over melt value per ounce, both with certificates of authenticity, and there will be more to discuss next week.

Episode 2224 Scott Adams: Everything Is Fake And Corrupt. How Long Can That Last?

Real Coffee with Scott Adams

Quick Summary Bullets:

Threats to Free Speech and Credibility

  • The potential collapse of free speech could have far-reaching consequences for the unity and stability of the Republic.
  • The ADL (Anti-Defamation League) and CNN’s association with hoax pushers and fake news undermines their credibility and poses a threat to the United States.
  • The news has successfully convinced the public that prediction models are part of science, when in reality they are made for predictions, not determining truth.
  • Even with enough models and manipulation, the best that can be achieved is a cone of probability, making the accuracy and reliability of these models highly suspicious.
  • “No science, no logic that would say [models] ever could [predict the range], they’re not even for that, they are for persuasion.”
  • The use of visual imagery is a powerful tool in persuasion, as it can evoke strong emotional responses and shape public opinion.
  • The correlation between voice disorders and suicide ideation highlights the immense emotional and social challenges faced by individuals who struggle to communicate.

Political Corruption and Manipulation

  • The Republican party is a disaster at this point, leaving McConnell in office takes all the credibility from the party.
  • Everything is fake and corrupt, leading to the bankruptcy of companies that are just trying to serve their customers well.
  • The speaker expresses skepticism and accuses politicians like Mitch McConnell and Joe Biden of corruption, questioning their motives and actions.
  • Everything is corrupt and there is a zero trust environment, making it difficult to find credible sources.
  • The US might consider using a wave of killer drones in warfare, even if it becomes obvious that Americans are operating them.

Transcript Summary:

  • 00:00 Everything is fake and corrupt, with examples including a fake video, Amazon’s fake book link, media ignoring Biden’s controversial remarks, and concerns about the authenticity and corruption of political leaders, making the Republican Party lack credibility.
    • Everything is fake and corrupt, including a video of an alien shaking hands with a man, but people still believe it.
    • Amazon had a fake link to the hardcover of the speaker’s book on their website, and despite knowing it was fake, they claim only the publisher can remove it, so the speaker is considering hiring a lawyer to resolve the issue.
    • Incompetence and corruption are prevalent, with the media ignoring President Biden’s controversial remarks, while a humorous nickname is given to Mitch McConnell and scientists claim to have found the missing link between apes and humans, a turtle named McConnellus speakers.
    • Thomas Massey plans to sue someone if the federal mask mandate on airplanes is reinstated, as he believes at least half of the public thinks masks save lives, while the speaker suggests that some people wear masks because they don’t like how they look.
    • People wearing masks during the pandemic may not actually be afraid of the virus, but rather prefer to cover their faces for other reasons, and there are concerns about the authenticity and corruption of political leaders.
    • The Republican Party is a disaster and lacks credibility due to McConnell’s presence, making it easy for Democrats to ignore them.
  • 09:58 The government is corrupt, free speech is being suppressed, and the ADL’s actions are damaging its reputation and threatening the United States.
    • The government is broken and corrupt, with no functioning opposition, and legislation is unlikely to be passed regardless of public opinion.
    • The ADL made unfounded claims about Elon Musk and tried to destroy Twitter, resulting in the platform losing advertisers and potentially going out of business.
    • The end of free speech in the United States is approaching as smaller publications like Breitbart are hidden by search engines and social media companies, and even Fox News loses credibility by accepting advertising from Chinese organizations, which could have a detrimental ripple effect on the Republic.
    • Adams criticizes the ADL and its leader for smearing people, claiming that they are not genuinely trying to eliminate defamation and discrimination, and suggests that their actions have tarnished the reputation of the organization.
    • He discusses being falsely accused of denying the Holocaust and how certain organizations are trying to suppress free speech and hinder their efforts to make positive changes.
    • CNN is no longer a credible news organization and brings on a hoax-pushing racist to redeem the head of the ADL, causing confusion for viewers who are unaware of the truth, and it is the speaker’s mission to ensure that the ADL has the worst reputation possible as they are a threat to the United States.
  • 20:16 Safe companies have a secret code for customers, but conservatives criticize the FBI for obtaining a warrant to access a customer’s safe, while the government already has the power to turn off digital currency and access anyone’s information if necessary.
    • The FBI obtained a warrant to access a customer’s safe by requesting the secret code from the Liberty Safe Company, leading to criticism from conservatives who argued against having a backdoor to safes for law enforcement.
    • Safe companies have a secret code that customers can obtain if they can’t access their own safe, but conservatives may boycott the company for not understanding how it works.
    • The government can already turn off your ability to buy things with digital money, so worries about digital currency are redundant as most purchases are already made with digital money and the government has the power to turn off your credit card and bank at any time.
    • The government can access anyone’s information if they have a reason, but they only care if you have done something political or illegal, otherwise, privacy is only maintained because nobody is interested.
    • You never had any privacy, as the government can easily obtain warrants and access your records, making your safe secure from your neighbor’s kid but not from the government.
  • 25:58 Amazon removes speaker’s book listing, states consider labeling Trump as an insurrectionist, speaker questions Democratic Party’s control, current legal process, corruption in the country, and broken immigration system.
    • Amazon has removed the speaker’s book listing, making it difficult for him to sell books, and he feels like the most canceled person in the country.
    • Some states are considering using the 14th Amendment to label Trump as an insurrectionist and prevent him from running for president in their state, which is similar to how the Democrats are operating like the Iranian regime.
    • Adams argues that the Democratic Party’s control over who can run in elections is similar to the Iranian system, and questions why this is not considered an insurrection.
    • He argues that the current legal process being followed by those involved in the insurrection is not considered an insurrection because it can be resolved through the court system, similar to the situation on January 6th, where the court could determine the appropriateness of alternate electors, and highlights the discrepancy in sentencing for minor crimes related to the insurrection.
    • Everything in the country is corrupt, with the influx of immigrants causing major issues in New York City and leading to a huge deficit and budget cuts.
    • Adams discusses how the system doesn’t work, using the example of governors embracing the idea of Sanctuary cities, which ultimately revealed that the rules were never real and that immigration is completely broken.
  • 34:07 Joe Biden’s age, health, and ability to handle the job are concerns, while the speaker questions the credibility of polls and discusses Obama’s past, suggesting that Obama chose Biden as his running mate due to his crookedness; the speaker also criticizes the validity of climate alarm and the public’s belief in prediction models.
    • Biden Democrats have a long list of worries including his age, policies, incompetence, health, and ability to handle the job.
    • Joe Biden’s age, stamina, misspeaking, blunders, and health are all concerns, suggesting that his brain may not be functioning properly.
    • The transcript discusses the misleading nature of polls and mentions a claim about Obama’s past, but the speaker states that they don’t care about it and questions the credibility of the source.
    • Beau Biden allegedly tried to have Larry Sinclair arrested after he went public with claims about Obama, but the arrest was not for any real crimes; however, Joe Biden became vice president soon after Beau Biden did a favor for Obama by taking out his credit, raising questions about why Obama would choose Biden as his running mate.
    • Obama chose Biden as his tool because he knew he could control him due to his crookedness, making the Obama Administration a criminal enterprise.
    • Microsoft plans to store CO2 in rocks to meet their climate goals, but the speaker questions the validity of climate alarm and criticizes the public’s belief in prediction models as part of science, based on their own experience with predictions in their previous job.
  • 41:53 Models and visuals used to persuade people about climate change are not based on science or logic, but rather on propaganda and persuasion, and can be manipulated to support any desired outcome.
    • Models are not science, but rather tools of persuasion and propaganda, and even if used extensively, they can only provide a range of probabilities rather than definitive outcomes.
    • Models cannot accurately predict the range of climate change, as they are not based on science or logic, but rather on persuasion through visual representations like the hockey stick prediction.
    • Visuals are used to persuade and evoke emotions, but they do not necessarily confirm scientific facts.
    • CNN and MSNBC are trying to convince people that their opinions on climate change are based on science, but in reality, models can be manipulated to support any desired outcome, and the real world doesn’t rely on projections as information, it’s just propaganda and persuasion.
    • Adams discusses a story about someone who criticized him, but he dismisses their opinion and shares a true story that can be confirmed.
  • 48:06 The lack of visibility of a surgical cure for spasmodic dysphonia on Google search highlights the corruption and lack of support in the medical industry, while a coup is happening and everything seems fake and corrupt, including discussions about masks and vaccinations.
    • RFK Jr and the speaker both had spasmodic dysphonia, but while the speaker found a cure through surgery, public sources now claim there is no cure.
    • Botox injections can be used to treat vocal cord spasms, but the procedure is unpleasant and makes it difficult to test other treatments.
    • The speaker discusses a rare medical condition called spasmodic dysphonia and how the cure for it, which is a surgery, is not listed in Google search results, causing difficulty for patients to find the proper treatment.
    • 30,000 people with a voice disorder, highly correlated with suicide, feel their lives are not worth living because they cannot talk or have relationships, and they want to kill themselves, highlighting the lack of support from the pharmaceutical industry.
    • Everything is fake and corrupt, from the lack of visibility of a surgical cure on Google search to the corruption of politicians and organizations like the ADL.
    • There is a coup happening, with the 14th Amendment being used as a cover, and everything seems corrupt, including the discussion of bringing back masks and requiring vaccinations.
  • 58:26 Everyone is corrupt and untrustworthy, news is fake, Ukraine is driven by corruption, and there may be a secret drone fleet being developed by the US and Ukraine.
    • Everyone is corrupt and untrustworthy, including organizations and individuals, and while some may have been right about certain things, it is important to distinguish agreement from credibility.
    • Mount Sinai is not the expert at a surgery with a success rate of 50 to 80 percent, but the person who invented it claims a 75 percent improvement, although it is not a complete cure for every patient, and the speaker is frustrated with people judging their vaccination status without knowing their internal thought process.
    • Adams argues that the news is not real, the political situation in Ukraine is driven by corruption, and there is no need to worry about Putin using nuclear weapons because Russia has more bodies and no political pushback.
    • In a year and eight months, the United States and Ukraine may have built a secret facility to develop a massive drone army that could be unleashed if necessary, with the central operator likely not being Ukrainian.
    • There may be a secret drone fleet being prepared by America that could change the war, but the concern of it being too obvious that Americans are operating them may be dropped in the future.
    • Tucker is doing a story on Keith Olberman, but the speaker questions its authenticity and discusses the control of drones by an American drone maker named Andrew.

Ukraine War History - Why it was a Predictable Bloodbath w/Jeffrey Sachs

Judge Napolitano– Judging Freedom

Professor Sachs discusses how the Ukraine war was a predictable bloodbath caused by broken promises from NATO and the American State Department’s involvement in the 2014 coup.

Quick Summary Bullets:

Key insights

  • Professor Sachs is highly regarded and honored for his scholarly work on the historical aspects of the Ukraine-Russia conflict.
  • The expansion of NATO into Eastern Europe, including Ukraine, was a calculated move by the United States, disregarding promises and commitments made after the end of the Soviet Union.
  • The strategic importance of Ukraine as the geographic pivot of Eurasia was recognized by Zbigniew Brzezinski in his Global chessboard of 1997, envisioning a US military presence in Ukraine and surrounding countries to corner Russia.
  • The expansion of NATO to Eastern European countries caused concern for Russia: “When they saw that this is NATO coming to their borders…they said in 2007, ‘My God, don’t do anything more.'”
  • The speaker warned the White House that the war in Ukraine was avoidable and urged them to stop NATO enlargement to prevent it.
  • “This is a path to war…Everything is Secret in our society. Everything is Lies by the way in our society except when things are leaked.”
  • Escalation between the world’s two largest nuclear superpowers should always be a cause for concern, as accidents and loss of control can have catastrophic consequences.
  • Professor Sachs’ analysis of the Ukraine war was consistent with military, intelligence, and political perspectives, making it a comprehensive and insightful analysis.

Transcript Summary:

  • 00:00 The Ukraine war was a predictable bloodbath due to NATO’s broken promises and the American State Department’s involvement in the 2014 coup.
    • Professor Jeffrey Sachs, an expert in the movement of geopolitical forces, discusses the conflict between Ukraine and Russia.
    • The speaker discusses the background of the Ukraine war, starting from 1990 when NATO agreed not to move east, leading to the coup in 2014 orchestrated by the American State Department.
    • NATO expansion eastward after the Soviet Union ended was a lie, with the United States disregarding promises and commitments, leading to a predictable bloodbath in Ukraine.
  • 04:13 The TLDR of the notes is: The strategic location of Ukraine and its history have made it a target for Russia, with NATO’s expansion towards Eastern European countries violating a promise made in 1991 and strongly opposed by President Putin.
    • Baker, Bush, and Gorbachev were divided on the issue, but after the end of the Soviet Union, Wolfowitz, Cheney, and Rumsfeld went into overdrive in the last year of the Bush Administration.
    • Ukraine’s history and its strategic location have made it a target for surrounding Russia and limiting its power, as seen in the Crimean War and the plans for US military forces in the region.
    • NATO’s expansion towards Eastern European countries, including the Baltic states, Romania, Bulgaria, Slovenia, and Slovakia, violated a promise made in 1991 and was strongly opposed by President Putin.
  • 07:44 American foreign policy’s arrogance and refusal to listen to other countries’ red lines led to their involvement in the contested 2004 Ukrainian election, ultimately resulting in the orchestrated overthrow of President Yanukovych in 2014 by the US government.
    • American foreign policy is characterized by arrogance and a refusal to listen to the red lines of other countries, as seen in their involvement in the contested 2004 Ukrainian election.
    • Yanukovych, the former president of Ukraine, tried to maintain neutrality and avoid NATO enlargement due to the country’s divided ethnic, economic, and geopolitical situation.
    • Ukraine’s financial crisis, combined with pressure from the EU and protests, led to the US seizing the opportunity to fuel the unrest and push for a change in leadership.
    • Victoria Newland orchestrated the overthrow of Yanukovych in Ukraine in 2014 with the help of the US government, including Vice President Biden, and this pattern of regime change operations has been seen before.
  • 13:52 Biden’s push for NATO enlargement led to a russophobic government in Ukraine, causing the annexation of Crimea and conflict in Donbass, with right-wing militias attacking and thousands of ethnic Russian civilians dying, while Russia called for peace and negotiated autonomy agreements.
    • Biden’s involvement in pushing NATO enlargement led to a russophobic government in Ukraine, resulting in the annexation of Crimea by Russia and the conflict in the Donbass region.
    • The war in Ukraine began with right-wing militias like the Azov Battalion attacking in the East, resulting in the deaths of thousands of ethnic Russian civilians, which was not widely reported in mainstream media.
    • Ukraine had a Nazi problem, but Russia called for peace and two agreements were negotiated, with Germany and France as guarantors, for autonomy in Donetsk and Lugansk.
  • 17:47 The Ukrainian government did not intend to honor the Minsk agreement, while Angela Merkel allowed it to buy time for Ukraine to build up its strength, and the US has been actively supporting Ukraine’s NATO membership and increasing armaments, with NATO ignoring warnings and lacking understanding and diplomacy.
    • The Ukrainian government never intended to honor the Minsk agreement, and it was revealed that Angela Merkel knew this but allowed it to buy time for Ukraine to build up its strength, while the United States, including President Biden, has been actively supporting Ukraine’s membership in NATO and increasing armaments.
    • NATO should have stopped its enlargement to avoid the war in Ukraine, but they ignored the warning.
    • Sachs criticizes the lack of understanding and diplomacy in the government, highlighting a message from the CIA director warning about the path to war.
  • 21:39 The US’s refusal to discuss NATO enlargement with Russia escalated tensions in Ukraine, leading to disrupted attempts at a written agreement and prompting Ukraine to consider neutrality.
    • The US’s refusal to discuss NATO enlargement with Russia led to an escalation of tensions and military operations in Ukraine, prompting Ukrainian President Solinski to consider neutrality.
    • Russia attempted to settle the security issue in Ukraine through a written agreement, but it was disrupted by the US State Department.
    • Naftali Bennett had an interesting experience as an intermediary between Putin, Zelensky, Biden, and Schultz, working on a draft agreement that was close to being signed before it fell through.
  • 25:09 The American intervention in the Ukraine war was driven by a desire to appear strong to China, resulting in a tragic bloodbath due to the Ukrainian leadership’s failure to represent the people’s interests, while the United States continues to pursue its own political agenda.
    • The American intervention in the Ukraine war was motivated by a desire to appear strong to China, rather than being a proxy war with Russia.
    • Sachs argues that the Ukrainian leadership does not represent the interests of the people, resulting in a predictable and tragic bloodbath, while the United States is aware of this but continues to pursue their own political interests.
    • Ukraine is being used as a tool to try and remove President Putin from office, and there are multiple possibilities for the future, including a major offensive from Russia or the continuation of the bloody war due to politicians refusing to admit their mistakes.
    • Biden’s escalation in Ukraine is dangerous and he needs a new foreign policy team to address the catastrophic mess.
  • 30:16 Professor Sachs’ analysis of the Ukraine war is consistent with previous guests on the show and he is praised for his insight and honored to be on the program.
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