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 you're watching silver News Daily subscribe for more and that that's bad I don't think we're going to recover I think it's going to be similar to the 30s although in the 30s we weren't bankrupt so this time when we don't recover we go bankrupt I think that's that's what's in the that's what we're looking at we're looking at bankruptcy of the US and that's the reason why I like gold and silver because if the government does default on its debt then gold is going

to go to the moon and I think that is the reason why central banks are buying all the gold because they basically see this that the US is they're not going to let's just let's just take it down to one to one data point and that is the US bond market and that's the the Federal Reserve and the US Treasury being able to print their way out of this mess everybody says we got we got a printing press we can we can print whatever we need Germany had a printing press in the 20s they couldn't print their way out at

a certain point you can't print your way out once you go over the cliff and and that's kind of where we at you don't want to print when you have inflation when you if you print when you have inflation you get more inflation it's pretty basic stuff right and then you get then you get a feedback loop a negative feedback loop where people are dumping your debt because you're creating inflation they know what are you doing you're you're you know and and that's kind of where we're heading we're

heading into that negative feedback loop and that's what I've been saying I actually think we've already hit the point of no return and people haven't noticed yet I've noticed but the average person hasn't noticed yet that it's game we've already hit game over we made a mistake when we thought that mmt was a viable economic theory the Japanese basically invented mmt we thw we threw mmt on it we basic Bally Define what Japan did so in 1989 Japan they they basically had a

huge bubble in real estate and in and in stocks huge massive bubble and they it basically popped and the federal we told them well you have to let these businesses go bankrupt you have to let all this real estate go you know get reset and the Japanese said decided Well that's one choice but why don't we just print the print money let's do that let's pretend that debt doesn't matter and they invented mmt and if if you look at how much money they printed but they got away with it

because they didn't have the global Reserve currency and they funded all internally they never had inflation so they just kept Printing and printing and printing and it got to the point where the Japanese central bank owned all of their their tenear bonds they didn't even trade the bonds didn't even trade the central bank owned them all because they did yield curve control nobody had buy them at zero interest ratees so the bank had to buy them at zero so they paid their tenure at zero zero rate um

but basically what they did was they printed money like banshees they just printed printed printed printed and they got away with it and so the us when we had our problem in in 2007 uh Hank Paulson said okay I need 750 billion and they they you know just print it and they're like look Japanese just printed trillions we can print 700 billion it's no big deal but that was that's when we said debt doesn't matter the global economy is walking a razer's edge and Don duret is sounding the alarm before it's too

late a catastrophic debt crisis is brewing one that could send shock waves through every Market on the planet the warning signs are everywhere spiraling government deficits skyrocketing interest costs and central banks drowning in their own money printing schemes but here's the real danger when this debt bubble finally bursts it won't just take down the stock market it will ignite the most explosive Bull Run in gold and silver we've ever seen we've seen Echoes of this before in 2008

trillions were printed to keep the system from imploding in 2020 governments threw even more money at the problem but this time there's no way out the world's Financial leaders are running out of tricks and the cracks are turning into full-blown fractures when trust in the system evaporates investors won't run to stocks bonds or or even cash they'll Sprint toward hard assets real money gold and silver durr's warning isn't just about a crash it's about a reset a total transformation of

the financial system and when it happens those holding precious metals won't just be watching from the sidelines they'll be watching history unfold as gold and silver erupt in a way most people aren't ready for the only question is are you if you think this is just fearmongering stay with me because in the next few minutes I'm going to show you exactly why this debt crisis isn't just inevitable it's already happening and once you see the facts you'll understand why the coming Bull Run in gold and

silver could be the biggest in modern history a lot a lot of the TA analysts are are bullish gold and silver and negative the stocks and to me that just that could happen but the last since 2008 20078 anytime the stock market has dropped gold has dropped and the miners have dropped every single time so why is it going to be different this time so I think the odds definitely favor um gold and the miners going down if the stock market goes down Thursday was a great example of that they all they all went down together and the

miners got up got got really hit hard now today um the miners were down but then at the end of the day the S&P started rallying and gold rallied a little bit and the miners I think actually turned green so gold miners and the S&P all are kind of tight at the hip and I think they will stay be tight at the hip on the way down but where I diverge from a lot of people that are real negative on gold going down with the market and the miners going down with the market where I diverge is I actually think that the reason gold is

high right now is because of uncertainty in other words that's the that's why it's high not because of inflation not because expected inflation it's uncertainty and where the uncertainty is is we don't know how international trade is going to unfold over the next two three years because of the brics plus they want to kind of split away from the Swiss system they want to kind of stop using the dollar there's this huge uncertainty in the global Arena and also in the US economy

we we haven't had a a recession since 2009 we're overdue for one if the US does go into recession what kind of impact is that going to have what reverberations is that going to have throughout the world the US is 25% of global GDP so if that goes down that's going to impact everybody they always say if the US gets a cold everybody else gets pneumonia so it's there's going to be reverberations and so everybody's kind of front running that and buying gold because they're like What's it's

like we're going to have like this Breton Woods you know type of reset coming they're call it the maril Lago Accord there's going to be that's the reason why gold is high so the uncertainty in my opinion is actually going to increase if the stock market goes down so that means the demand for gold will actually go up so from that perspective I don't see gold crashing now I do see it correcting like it will fall down with the markets but at a certain point you'll have a decoupling where gold will bounce the

markets will be going down when this when this recession finally comes and and this corre correction the debt crisis isn't some distant threat it's already in motion and the numbers are staggering governments around the world are drowning in a sea of debt so massive that even the interest payments alone are becoming unpayable the United States over $34 trillion in debt and adding trillions more every year Japan a debt to GDP ratio that makes 2008 look like a warm-up and Europe struggling to hold

itself together as economy's buckle under the weight of endless borrowing this isn't just another economic cycle this is a slow motion catastrophe and dond duret knows exactly where it's heading when debt grows faster than the economy itself the system eventually collapses under its own weight history has shown shown this time and time again the Roman Empire debased its currency into Oblivion viar Germany's hyperinflation wiped out the middle class Argentina Venezuela Zimbabwe all

destroyed by the same addiction to printing money and avoiding reality and here's the terrifying part today's debt crisis is bigger than any of them governments aren't even pretending they'll pay this money back instead they're using smoke and mirrors rolling over debt issuing new bonds to cover old ones and praying inflation eats away at the real value but that strategy has a fatal flaw once confidence cracks once investors realize the money they're holding is backed by nothing but more

promises the entire system implodes that's why duret isn't talking about a mild recession he's talking about a full-blown crisis that forces central banks into desperate action and when that moment arrives gold and silver won't just rise they'll surge as trust and fiat currency evaporate but this is this is only the theing loss in need the beginning because as this crisis deepens central banks will be left with only one option panic and when that happens the real chaos begins well

um having these Severance checks but it's he's basically firing them he's asking them to retire he's asking them to quit but bottom line is kind of firing 200,000 federal workers and it might go even higher well that now they are going to get a sance check but it's still going to put downward pressure on consumer spending those Severance checks uh you know people are more apt to to to save those instead of go out and spend it all because they just lost their job right so that's going to have

downward pressure on spending um but you know everywhere you look I think you see slowdown in the economy you slow these pressure you don't see the green shoots you don't see you know what Trump can really do to Kickstart these things in other words he's laying people off right now he's not putting them to work so that's it's kind of the opposite of what you need and I don't see how he's going to put people to work quickly if you will so I think that one of the reasons he's got a

been he's got a budgetary problem we have a$2 trillion doll deficit he's talking about balancing the budget you know in one two years which to me is kind of fantasy land because he's not going to cut know 70% of the budget he's not going to cut at all for insurance payments those aren't going to come down because the the FED isn't going to reduce interest dramatically this year unless we have a crash defense spending I don't think will come down Social Security and Medicare will not come down

those four are the biggest part of the budget so how do you balance a budget when you can't cut 70% of it uh 70 80% of it so I he has a budgetary problem I think one of the reasons why he's pushing tariffs is he's trying to fix that trying to fix the budget I don't you know he's saying that it's unfair but I don't think that's really his motivation here I think his motivation is to raise money central banks are trapped and they know it for years they've played the

same game cut interest rates print money and pretend everything is under control but the debt crisis has backed them into a corner and now every move they make only makes the situation worse look at what's happening right now interest rates have skyrocketed as central banks desperately try to control inflation but in doing so they've set off a ticking Time Bomb higher rates mean governments corporations and consumers are all being crushed under the weight of their own debt the US government alone is paying

over a trillion dollars a year just in interest more than it spends on defense it's unsustainable but here's the Trap if central banks keep rates high they risk a total Financial collapse if they cut rates to ease the pressure inflation surges out of control either way confidence in Fiat currencies will shatter and when that happens investors will Scramble for safety that's exactly why central banks around the world are hoarding gold at record levels they see what's coming they know the only way out

of this mess is through currency debasement printing even more money to inflate away the debt and when that happens history tells us exactly what comes next gold and silver Skyrocket every major currency crisis in history has followed the same pattern when trust in paper money evaporates precious metals become the only Safe Haven Don duret sees it coming and he's warning that the shift is already underway but what happens when the stock market finally wakes up to this reality that's when the illusion truly collapses um the

FED Atlanta fed came out yesterday and said that their expectations for q1 was - 1.5% which is a massive shift they were at 3% at the beginning of the month they were at 2.3% the last reading so they went from 2.3 to15 that's a huge move and so right now we don't know if we're going to get a positive or A negative number on q1 but that slowing down in um GDP most most of it was front running the tariffs so most of it was Imports pick up in Imports is actually creates a de deficit in ex overall U

deficit on exports import exports trade deficit negative trade deficit so but we had a significant decline in consumer spending and so we can't dismiss that we can say okay this is a front R of tariffs and that's short short lived it's not going to last the whole year but but if you start getting negative we get down there at 1% or less in GDP if it doesn't pick up it could have kind of an add-on effect where people start getting negative sentiment plus it's kind of across the

board I mean we're seeing neg negative weakness in in economic numbers kind of across the board which we've seen a slowing we've always said that these high rates are going to have a lag effect and that and we we always thought well that lag effect is going to lead to a recession it hasn't yet when the lag of is starting to keep catch up with this for instance housing and Autos are definitely Under Pressure uh people having to like use debt spend money like go out to restaurants or retail those are under

pressure um so the consumer is definitely Under Pressure because of these high interest rates and inflation and that hasn't gone away so that's slowly slowly putting pressure on this economy um and now Trump came into office and he's letting people the stock market is living in a fantasy and Don durett is warning that reality is about to hit like a freight train for years Wall Street has been fueled by cheap money endless debt and blind optimism but here's the problem those days are

over Rising interest rates have turned the stock market into a ticking Time Bomb companies that thrived on easy credit are suddenly struggling to survive zombie corporations businesses that only exist because of low borrowing costs are now facing bankruptcy as debt payments sore the real estate sector is crumbling under the weight of higher mortgage rates and tech stocks which skyrocketed during the money printing bananza are now exposed to a brutal valuation reset but here's what most people don't see

when the stock market Market crashes it won't just be a normal correction it will be the bursting of the everything bubble stocks bonds real estate everything has been inflated by Central Bank intervention and when the bubble pops it will trigger a wave of panic selling unlike anything we've seen in modern history investors who thought stocks were a safe bet will be scrambling for an exit and when that moment arrives only one place will be left to run precious metals this is why gold and silver historically

surge after stock market crashes when trust and paper assets disappears the flight to real money begins duret is warning that we are on the edge of this collapse and the signs are everywhere but if you think gold and silver are just Safe Haven plays think again because once the dust settles these Metals won't just protect wealth they'll create it and that's where Silver's real potential begins because when you go into recession basically all you can do is go up you can't go down but Trump

doesn't have that so so Trump what Trump really what he needs to do is he needs to kind of rug pull the economy and create a quick recession so that he can then fix the problem it's it's much easier to fix a problem than try to keep a problem from breaking and what Trump's really doing right now he's trying to prevent a recession that's much harder than fixing a fixing a recession it's it's in my as far as I'm concerned it's impossible so but he's got he's been hand such a

bad hand that if he does create a recession it might just blow everything up um that's why that's everybody was call everybody wanted a soft Landing because they knew they couldn't really prevent one you know the so-called no Landing crowd you know the no Landing crowd everybody was kind of laughing at them right but so far it has been a no Landing a soft Landing is kind of what we're having right now where you kind of like you you almost hit a recession you kind of get into the negative growth you

get really bad bad stuff but you don't go into recession and then you start up again that's what we're trying to do here we're trying to create a soft land we're still in it they asked pal the last time that he spoke before Congress if we had achieved a soft landing and he didn't even have hesitate He just flat out said no he he didn't even equ equivocate and say maybe he didn't say he said flat out no we haven't because he knows that we haven't started on

upward trajectory a soft Landing is you've landed the plane and now you're you know you're good right now you're going back up but that's not what we're seeing here we're not seeing you know we haven't started back up yet you you can only talk about a soft Landing in in the rearview mirror you've landed the plane and now it's done it's over with and now that's all all the bad stuff's gone and now we're looking at good stuff you know everything's going great but the problem

is you our budget is so out of whack and we still have inflation and we still have high interest rates all that bad stuff has to get cleared out before you can even talk about soft Landing so it's we have a mess here as a matter of fact it's much worse than people realize much much worse and a lot of people have talked about this Jeremy Grantham said this is the most dangerous for I don't think he used the word dangerous he said vulnerable he say it's the most vulnerable Market he's ever seen or

we've ever had and what he's implying there is that what the what he means by the worst vulnerable is that when it finally does break so much stuff is going to go bad that we just we're going to have to deal with a giant mess here much worse than you know than any recession we've had since since you know the 30s much worse than that and you know somebody sent me an email today and and and he was lining up all of these bad things are going to happen I said be afraid you know be very

afraid because when this stuff starts to break it's I I actually don't think that um we're going to recover silver has always been Gold's Shadow until the moment it isn't Don durett has been watching this pattern for years and he knows exactly what happens when the financial system breaks gold moves first and then silver follows with a Vengeance right now gold is already signaling the start of something big central banks are hoarding it at record levels investors are quietly shifting

out of paper assets and geopolitical instability is driving demand higher but silver silver is still lagging behind just like it always does be