hi this is mike maloney and i've got jeff clark once again jeff how are you doing i'm doing great mike it's sure great to be back with you after our little hiatus there so it's fun to be doing another video with you and this one's jam-packed we got article of the day tweet of the day chart of the day some viewer feedback and a great meme so you'll want to stick around for that so let's just jump right in uh the first article today we want to go over is actually one i wrote that came out


yesterday titled two charts one message get ready to load up on silver and the reason i wrote this was because boy every week mike you'd hear about the s p and the dow and the nasdaq making another new all-time high and this went on for a year after you know the sell-off earlier last year and finally they had a correction so i wanted to see how far silver was from its high versus the dow on the nasdaq and the s p and this first chart shows that just how far away silver is still from its all-time high


versus the correction that we saw in the general markets and you can see silver even much more than gold despite it being up more than gold this year is actually a much better value than any other asset right now and then the second thing i wanted to look at was the seasonality uh because there's a very uh interesting uh statistical movement in silver for the month of june and this shows it and this chart goes all the way back to 1975. it's the average daily gator loss and silver averaged


over that whole period of time and you can see that june has a pretty uh significant dip on average now seasonality doesn't play out every year but it's very interesting and it makes us want to be ready for a potential dip in the silver price meaning mike is this potentially this june the last chance to load up on some silver what do you think well i don't know if it's the last chance but i do know that gold and silver are money and the very fact that uh silver is still almost 44 below its all-time high


and that all-time high was set in 1980 and the currency supply has been expanded so many times since then and you can see here the gold has kept up a little bit uh better when it comes to that long-term uh look at things but uh so uh this is this is a great article uh it you know you're you've got two criteria here relative to all the other assets is silver the most undervalued uh and then the criteria to the timing when is the best time to buy and you can see that the best time to buy is coming up


now you just said the seasonality doesn't always play out and it may not this time so you know for me i already have a position i recently sold a bunch of cryptos when they were setting highs about a month ago and uh i'm i've got that sitting in cash right now ready to uh deploy and i've been sort of looking forward to this dip that's coming hoping uh that i can buy more silver at lower prices um but you know you never know and a lot of the technical indicators there's uh a lot of chartists that say that you


know gold and silver have just um uh broken out of tran you know a gold had just broken out of a trend channel it came back and retested the top of that channel and held over the next few days here will that be consistent uh and if so then we might be off to the races so i guess if i was somebody that had not accumulated anything i would go ahead and start dollar cost averaging in is what i would do i don't recommend anything to anybody in particular uh um everybody has to do their own research to decide what


what they want to do but i would be dollar cost averaging into one of the least the the most undervalued assets that there is anywhere on the planet uh because uh real money can never stay uh below the rest of the currency supply it can't be measured in uh currency and then you expand the currency supply and real money doesn't keep up periodically throughout history they always catch up and surpass it and then take a rest for a while so uh yes brilliant article i love it and the point of this is is that we're


guaranteeing there's going to be a dip in the silver price in june and by the way gold does have that tendency as well just silver being more volatile does dip more the point is to be on the lookout for a potential dip and don't be surprised by one and most importantly be prepared to take advantage of it if it does come so yeah right there is no guarantee there there will be but um if it happens have a little bit of cash set aside to take advantage of it and that's what dollar cost averaging


does for you if uh your dollar cost averaging and making like a purchase every week or something like that of the same amount of dollars when a dip does come you've still got a bunch of cash sitting on the side and you can say you know well this time i'm gonna double down or or quadruple down or i'm just gonna go all in uh i have done that a few times when the 2008 crash happened the global financial crisis i was able to uh basically double my position in silver during that period of time and uh when


you can do that i mean you've got so many more ounces then uh for this big ride that we're taking uh it's it's a long term ride but you know a lot of people say that 90 of the move comes in the last 10 percent of the time and we are getting closer and closer and closer to some really big financial crisis caused by just incredibly reckless spending that cannot be sustained yeah absolutely the big picture's more intact now than ever before so well mike on to tweet of the day and


this is from bloomberg crypto billionaire hedge fund manager ray dalia who i really like and i've read some of his books says he would rather own bitcoin than a bond what do you think of that mike well i've always thought that bonds there is something fundamentally um against my nature to be buying a a cash flow stream from future taxation and that's what a bond is if it's a u.s treasury that's what you're buying is you're buying cash flow from taxes that everybody including you are going to have to pay


in the future and uh i just i that that to me is almost like a form of slavery to have a population that has to turn over a portion of their income so you can pay off investors that have invested in the speculation that uh that they're going to get paid back but as bonds become less and less of a safe haven asset and i think this time around when there is a great financial crisis they've already had to sell so many bonds to do all of this deficit spending and uh and when this crisis hits


then the for the for the keynesians that run the financial system their viewpoint is that the only way to get out of it is to do more spending they're trying to spend their way to prosperity and you can't do that prosperity takes some savings and investment not just spending anyway so i think that this is great that ray dalio has jumped on board saying that he prefers i mean you know and bitcoin has taken a beating in the past couple of weeks and uh the and this is fairly recent so this is a


a pretty big announcement from a very respected financial advisor yes it is and mike i should point out you just mentioned that you actually sold some of your cryptos and you released an insider's video here not uh just a week or two ago uh announcing that and all the things that you were going to be buying so insiders can get that information but i think it's interesting that you sold right around sixty thousand dollars per bitcoin which ended up being near the top of this market whether it's an interim top


or yeah the top so yeah i did um it was very nice uh um i had there was a point where i felt like i had enough profits and it's nice to lock in those profits and the uh timing i was just watching some of the uh the chat and and the news about it and everybody writing about it and when you want to sell is when everybody else is jumping on board so yeah yeah you snagged some very nice profits there so yeah well if you're liking this video please hit that like button down there for us and subscribe to the channel if


you already haven't so well on to chart of the day and this is quite fascinating mike is going to walk us through this and uh uh you tweeted this out from michaela a uh i always say that if a picture paints a thousand words then a chart paints a million numbers so mike walk us through this this shows us how um the world is actually becoming a better place in some ways yeah you know the old saying is uh one picture is worth a thousand words and i've always said well that means that one chart can be worth a million


numbers this is a whole bunch of great charts that cover long long periods of time and so uh the the data in here in here is huge and i'm like a data hound uh but um let me see if i can share my screen here so i want everybody to notice that this starts in the year 1900s so this is a 120 years of data here and what we have is the percentage of mortality of zero to five year olds what is absolutely amazing is that you can see an average here is uh pretty much like just above 35 percent 35 percent of all zero to five year olds


in the world dying before they were you know of all children in the world dying before they were by the time they were five years old and then on the bottom scale is the gdp per capita per it's it's adjusted for purchasing power parity and uh and what you'll see here is pretty simple the more affluent a society gets the lower the death rate it's quite amazing and it's like this chart after chart after chart the more that you can create prosperity the happier people are the longer they live the easier their


lives are now this one is life expectancy and this is gdp per capita adjusted for purchasing power parity and so what you'll see here is that all of these little dots instead of going down they're going to go up and to this side as all of these societies become more and more prosperous but at seven i'd like people to go and click the link below this video and go and watch this because it is so important it just shows how government trying to run society is actually lethal it they they damage


like right now in venezuela uh there's now they've been going through hyperinflation for a long time but their life expectancy has fallen by so much the same thing happened in in russia in in the ussr but watch there's going to be this is china the big red ball here and it's going to start rising and then it'll take this big dip where life expectancy and then it goes this way purchasing power uh the the gdp per capita are going to this huge dip that's from 1958 to 1962. that is something called mao's great


leap forward it's the greatest man-made phantom famine in history um and what he did was he nationalized all of the farms they were all going to free feed everybody for free it was going to create this utopian society so this is one man's great idea on how they were going to accelerate their economy and and leap past uh great britain in the united states and so uh it's it's one of the greatest tragedies in history as as well as the largest man-made famine but watch china the big red ball here


and it goes up here and then takes that big dip watch that a few times and then look at how everybody is getting richer and their lifespans become longer and now we've got uh gdp per capita and it's their each size of the dots is the population so the biggest one is china the second biggest one is india but you watch this throughout the years and they just rise and then they start making this perfect arc where they're lined up i think this is amazing data this is women's education measured in


how many years they stay in school against the population size and they make this perfect arc and then the same thing with water having access to clean water and the basic sanitation do they have indoor plumbing uh and or you know open trench so now we're back at child mortality but the point here is that everywhere you look around the world uh the more a country uh the more free it is economically free the longer people live and the happier that they are and uh and just everything is better when you have maximum amount


of freedom so that's the point of this whole set of charts very important please go and watch this a couple of times everybody it's great it is great yeah it's worth watching and it's real short but it shows you just how freedom and prosperity uh helps mankind so well mike on to uh some viewer feedback here and mike i did get this question more than once from some people that wrote in through customer service and that sort of thing and this is referencing your video from last week


and uh about who really owns america's gold and several people wrote in like this person and said i still don't know who owns the gold so mike who owns the gold well i can you know i should have put these two facts much closer together in the video so that people could see that uh the treasury gave title to almost all of america's gold all that the display coins they don't actually have certificates of titles or those ounces but it's a very very small percentage but the federal reserve has those uh


claim checks on the gold and this is a contract with the united states of america and then every place says that the treasury may redeem the uh the certificates at any time now the federal reserve has the certificates the treasury has the gold and the way that the treasury would redeem them is to give all of america's gold to the federal reserve the rightful owners the answer is the federal reserve owns the gold there are a couple of ways that uh that uh america could get its gold back but this is one


of the greatest crimes in history and it was pulled off so well that people are just you know i mean this has bothered me since i first read it back in 2003 in the financial statement of the united states um and so i finally did some research on it but um uh to be able to for a corporation that is not part of the government they're chartered and authorized by congress but it's a private bank and they absconded with all america's gold uh this is it it truly is the greatest crime in history one of the greatest


crimes uh ever since 2008 we've been pulling off a bigger one with the expansion of the currency supply out of nothing if you look at federal reserve assets as a percentage of the gdp of the country they own more and more and more of the country and it's at an astounding rate now but um the gold belongs to the federal reserve not the u.s which is supposed to be holding it in trust for the american people uh you know it's the the only ways that they could do this one they give the gold to the federal


reserve and they've redeemed those notes now they can destroy the notes if they want two they could um they could abolish the federal reserve and seize the assets but that is breaking a contract and that would uh break down confidence in the uh the world confidence in the u.s financial system three they could print u.s notes a bunch of treasury notes the old u.s notes that were printed originally during the civil war and they aren't backed by anything it's just a fiat currency but they don't keep on


expanding that supply they could print those notes and just give those to the federal reserve and buy back the title to the gold so there are ways out of this but the u.s notes are the only currency that the treasury creates uh four i guess the treasury could go even deeper into debt and buy the bonds to buy the or sell the bonds and borrow the currency from the public and everybody else to buy the gold back uh and they'd be buying it back at uh 42.222 cents per hour 42.222 dollars per ounce


uh and then they could uh revalue it to they could just let it go to the free market value and they'd be making a huge profit on what they borrowed so those are a couple of ways that we could get it back but right now federal reserve that's who owns the gold yes and mike talks a little bit about this he touches on it in his book so if you've not read his book you can do stuff for free the link is below and uh you can read it for free so well mike on to our meme of the day here so this is


uh very interesting uh so tell us about this this is hilarious because you know there are all these cryptocurrencies that are basically scams there's just nothing there and their market caps are huge uh but this this guy says these scam coins are getting crazy i think he meant someone just showed me 27 trillion in circulation unlimited supply cap only one node which is the node that processes the keeps the track of the bookkeeping 25 of the supply was minted in just the last six months one percent


of holders own 30 of the coins these are all things that you wouldn't want uh if you're going to invest in a cryptocurrency and he says that is the u.s dollar it's not a cryptocurrency it's the dollar it's basically a scam coin and people like ray dalio are running from it at this point yes very good well this has been a great video mike was great being back with you so thanks and i'll see you thursday okay thanks jeff