this is a major liquidity withdrawal from financial markets suggesting that overall stocks have significant downside Potential from their current [Music] prices hi I'm in the Bahamas at a conference called the collective I highly recommend you checking it out this is one of the best conferences that I have ever been to uh and my presentation was about the scale of the real estate bubble what's happening right now it is you know I'm speaking to a bunch of Real Estate Investors and trying to convince them that they should


probably consider some insurance and that insurance is gold and silver but it isn't just the real estate bubble it's the stock market bubble and the bond bubble the scale of what is happening against this backrop backdrop of all the geopolitical tensions that are going on the wars and then the banking sector being on such unstable ground uh we're at a very uh critical moment in history and I do think that this is not going to end well for most people you know I was explaining to everybody in the crowd how


the 2008 financial crisis was one of the best things that ever happened to me financially but I really do worry about the economy and the common common guy so many people lost everything in that Global financial crisis of 2008 and so if you're in one of the sectors that is in a bubble you you really do need to consider some sort of insurance and then you know if you can join a group like this group the collective uh this is some pretty high power people here and they got some really good information


and they're enjoying themselves in the Bahamas so uh I can't be at the weekly wrapup and I'm going to turn that over to Alan Hibbert who's going to let you know what went on this week we'll see you next time hey gold silver family I'm back for another weekly wrap I've got some exciting things to show you and it starts with the number of the week so first of all we have 21 trillion trillion with a t, million billion trillion 21 trillion what is this number it's a number of


dollars and it is the number of unfunded liabilities of the US government $211 trillion in unfunded Li liabilities how are we going to pay for all that I have no idea that's over $600,000 per Citizen $600,000 and we have no way to pay for it so eventually we pay for it either in the form of taxes or inflation so we shall see the headline of the week former ECB president Mario dragy discusses the death of the Euro Zone the death of the Euro Zone that sounds dramatic in this article he talks about how it doesn't


really make sense for all these different countries 28 of them to have the same interest rate it's really hard for them to negotiate trade deals it's just it's just really hard for so many diverse players to agree on one course of action so I encourage you to check that out you can find that article and many more at the goldsilver.com website over here on the right side former ECB Chief Mario dragy discusses the end of the Euro Zone and there's plenty of other good here too US money supply is


Contracting something not seen since the Great Depression in that article you'll find something is happening that hasn't happened in 90 years it's a big deal check it out there's also the imminent bankruptcy of the US government casual and uh these are uh long-term long-term trends there's also some short-term things happening let me see here retail investors pull most cash from US stocks in two years so retail investors pulling money out of stocks hold that thought Wall Street Bankers


are selling their stock following JP Morgan CEO's lead okay so we have Wall Street Bankers selling stocks retail investors selling stocks and that leads us to the Tweet of the week hi I just wanted to take a moment and thank you for subscribing and mention that if you'd like to help our Channel please consider my company goldsilver.com the next time you buy precious Metals we're one of the most trusted names in the industry our prices are sharp delivery is fast and we have an insiders program


where you find out exactly what I'm doing with my own Investments thanks for making Golds silver.com your dealer and now back to the video which is central banks selling stocks so over here this comes from tabi Costa he says Global Central Bank assets have already declined by almost $6 trillion from Peak levels this is a major liquidity withdrawal from financial markets suggesting that overall stocks have significant downside Potential from their current prices okay so putting that all together we have retail


investors we have Wall Street bankers and Global central banks pulling out of equity markets all in the very recent past in in the present actually so what does this mean well look at this chart from Tavi this goes back to the 2008 financial crisis we can see that Global Central Bank assets are correlated very strongly with the S&P 500 and it has been up and down okay Bull and bare markets and all of the sudden we have this Divergence where the red line is separating from the white line does that mean that the white line


is going to catch up to the red line if so that would mean that the S&P 500 drops sharply in the very near future is it going to happen I'm not sure so I know we just talked about some short-term things happening in the equity markets and how sometimes the government whether it's in the United States or Europe or globally affects what we do as investors right the government decisions affect what we do as investors and this week is special because it is election week now it's not a presidential election it's an


off-cycle year but we are now within one year of the next presidential election the election of 2024 and because it was an election this week I thought I wonder if there's a correlation between the presidential election and the price of gold right is there any data in the long term that would suggest some kind of relationship so I got to work and I made this chart this is the price of gold since it became freely traded 1971 and you can see throughout the bull market of the 70s we had a Republican


president in red and then a Democratic president in blue and you can see the vertical dotted lines here is election day every four years and what do we notice what is the pattern between the elections and the price of gold well if you see what I see there is no pattern there is no pattern and that's actually a really good thing because I don't want the prices of my investments to be affected by political decisions and my analysis reassures me that gold is a great in great investment regardless of which


political party is in the white house that's my big takeaway if you want to read more about this including a further analysis of Elections and gold I encourage you to check out the gold silver newsletter back on the website you just scroll down sign up for the newsletter and the nuggets from this week includes that chart and a much deeper analysis finally I want to end with the meme of the week from hyek not that hyek the other hyek The Economist hyek the quote from hyek I do not think it is an exaggeration to say history is


largely a history of inflation usually inflation's engineered by governments for the gain of governments I don't know about you but I could look at this meme all day I mean who doesn't like a nice set of economic principles thanks for watching everybody see you next week hi I just wanted to tell you about gold Silver's 111 o Silver giveaway where you can win win win 111 one 1 oz silver bar one 10 o silver bar and one 100 o silver bar so enter today and win