So he who has the gold makes the rules. People will say, "Oh, it's a fiat currency. The dollar is not backed by gold." Untrue. It is backed by gold. There's 11 billion 37 million on the gold certificate accounts held as collateral against those notes. What is the result of this? If they went to 100% gold backing on the Federal Reserve notes that are outstanding, what would the price be? Well, $9,044 is what it would require. But I think that, you know, maybe Trump needs a little bit more than 2.8 trillion for uh


deficit spending. And so, let's go to a nice round number. The dollar is currency, not money. That's going to be what our next guest is going to share with you. For many, many years, Mike Maloney has been studying economics and following the markets, and he is the best-selling author in the world on precious metals. His guide to gold and silver and investing in gold and silver was a bestseller for a lot of years going over the basics of uh how to put metals in your portfolio. His latest


book is uh a fascinating fascinating book where he really gets into detail, the great gold and silver rush of the 21st century. And one of the greatest bodies of work that Mike has is his hidden secrets of money video series, which is extraordinarily well produced thanks to our friend Dan who's in the room. Uh, but really lays out a lot of these premises. What you'll learn about Mike in this presentation, there's more to him than just gold [music] and silver, but we're going to start there


for sure. Please welcome Mr. Mike Maloney. How's everybody doing? Are you enjoying the event? [applause and cheering] Excellent. Excellent. So, um, anybody here that doesn't know who I am, I wrote the best-selling book on investing in precious metals. And then I came out with a another book in, uh, 2020 in in early 2023, uh, the great gold and silver rush of the 21st century, which is currently the bestselling book on investing in precious metals. And Amazon just gave it the number one top rating


of uh, any book in the sector. So, as far as customer reviews and ratings, it's a uh a 4.9 on Amazon, and it's just a breath away become from becoming a five-star book. Uh so, uh I'm going to have a little bit of this book in here, but I believe that the government has left a trail of breadcrumbs for us to follow. And I'm going to be presenting some of these breadcrumbs to see if there is a really big shift that presents an enormous opportunity for all of us coming very shortly. So, first


though, I'm going to visit a little bit of history to give you some context. So, uh you know, for what I'm going to present, you're going to want some background information so that you can see how this might affect you. There have been four monetary systems in the past 155 years. And so this is history repeats. This is a normal event. The thing is it only happens once or twice in a lifetime. And so for me the last, you know, I'm approaching 70. Uh for me, the last time it happened, I was 15


years old. But this is not an extraordinary event. It is normal. It's just measured in very long time scales. So if 1870 to 1922, we had the stability of the classical gold standard, the original fully backed gold standard where every treasury note outstanding was 100% redeemable in gold with no fractional reserve system. And it was followed by an economic boom, World War I, suspension of the gold standard in Europe, massive currency creation to fund the war, the chaos of deflation and hyperinflation,


and an emergency economic conference to create a new world monetary system, the Genoa conference of 1922, 1922 to 1944, the stability of a partial gold standard. It was called the gold exchange standard between the wars followed by an economic boom, the chaos of deflation, hyperinflation, suspension of the gold standard, uh, World War II, massive currency creation to fund the war, and an emergency economic conference to create a new world monetary system, the Breton Woods conference of 1944, 1944 to 1971.


the stability of a pseudo gold standard, the Bretton Woods system, uh followed by an economic boom, massive currency creation to fund Korean War, Vietnam, all of Johnson's social programs, uh a bankr run by the international central banks on the US gold supply, suspension of central bank gold redemption rights, and an emergency economic conference to come up with a new world monetary system, the Smithsonian Agreement of 1971, 1971 until today. The instability of a fiat currency system with immediate


roaring double-digit inflation and stagflation, massive currency creation to fund an endless stream of wars and social programs, an endless series of bubbles, busts, crashes, and bailouts, income inequality, wealth disparity, social unrest, and an emergency economic conference to oops, sorry, that part hasn't happened. Yet it's about to happen, I believe. And I'm going to present you the breadcrumbs right now. Here come the trail of breadcrumbs that remember this is normal. It is nothing extraordinary.


It's happened four times in the last 150 years. I believe that it's about to happen again. So, what are the breadcrumbs? Hi, it's Mike here. Just a quick message. I wanted to welcome the huge number of new visitors to our videos, but point out that less than 15% of our viewers have subscribed to this channel and hit the notification bell. We're heading into some turbulent times. So, if you don't want to miss any updates, make sure you enable notifications. And thank you as always


for clicking the thumbs up button. One more thing, at goldsilver.com, we've been providing top-notch educational content for over 20 years. If you'd like to help us continue this mission, we'd be honored to be your precious metals dealer. And [music] now back to the video. So, what are the breadcrumbs? Uh, when Trump was running for his first term, so you can see in the background there, it says 2016, he says, "Well, in some ways, I like the gold standard. There's something nice about the gold


standard." >> [clears throat] >> Bringing back the gold standard would be very hard to do but boy would it be wonderful. Uh so this is the secretary of the treasury of the United States Scott Basant in an interview. Uh I think that we are in at a unique moment geopolitically. I could see that in the next few years that we are going to have to have some kind of grand global economic reordering. What is an economic reordering? a new monetary system uh something on the equivalent of a new


Breton Woods and he wants to be a part of this. There's a very good chance that we are going to have to have that in the next four years. Then there's another interview. This was on Tucker Carlson. Uh gold can't have a fiscal problem. Gold can't have a gigantic budget deficit. Gold cannot have a war. The entire global trading system until Nixon took us off was tied to gold. And here's yet another interview. Gold is not a fiat currency. There's a limited amount. It is a rec recognized as a


store of value. The Chinese People's Bank of China is the largest buyer of gold. Now, could we imagine some kind of convertible R&B that is exchangeable into gold? And then the host in this interview says, "I don't disagree with any of that, which is probably why I find myself sort of rolling my eyes whenever people mention Bitcoin." To which he responds, "Gold can be a risk off and a riskon asset. Bitcoin is a riskon asset." So, what Basent and Trump have just said is gold


gold gold not Bitcoin that so the next no central bank holds Bitcoin. There are countries that hold Bitcoin but the central banks don't have Bitcoin. Most central banks do have some gold. It's a tier one asset for them. Uh and then uh the White House put this out a while ago. On the uh financial side, the reserve function of the dollar has caused persistent currency distortions and uh contributed along with other countries unfair barriers to trade to unsustainable trade deficits. These trade deficits have


decimated our manufacturing sector and many workingclass families and their communities. to facilitate non-Americans trading with each other. Now, you have to look up the Triffin paradox or the Triffin dilemma uh online. Uh investopedia.com is probably the best way to look at that. uh and uh basically what has to happen is uh with the currency systems that they were just talking about on the panel, other countries need US dollars just to be able to trade with one another, not necessarily with us. The way they get


those dollars is they've got to sell us more stuff than we sell them so that we are buying their stuff and exporting dollars and then the world gets along just fine. But it does cause problems in the United States and those problems were recognized by this economist named Triffin and so he wrote up this paper on it. Anyway, uh the next thing is a tweet from Donald Trump. Uh the golden rule of negotiating and success. He who has the gold makes the rules. Now everybody sort of knows Donald Trump's mindset. He has


to win. He wants to win at all costs and he is willing to put the entire global economy at risk in order to win. That's just his personality. So he who has the gold makes the rules. This is how much gold each country has. The United States has like two and a half times uh more gold than the second place, Germany. And if you look at China there, now China lies. uh they they do not give us uh the truth when it comes to their data and their uh holdings. They probably have twice as much gold, but still even if


they had twice as much gold, we've got twice as much as that. So what does that mean? That means that Donald Trump gets to win win and win. He gets to with if we go back on a gold standard, he gets to devalue the dollar. And you do that globally just by changing the price the official price of gold. He gets to put the balance trade back into balance. Uh manufacturing will come home if this happens. Uh and he gets to maintain fiscal dominance around the world because we have the most gold. The


dollar will still be king of the world. And so he gets all of these wins if this happens. Now, what is are the consequences of that for us? Uh well, if you go to uh the Federal Reserve's website and you go to their H.4.1 release and you scroll down to the very bottom, uh this is the collateral held against Federal Reserve notes. So, what you're talking about are the dollars in your wallet, the paper notes. uh those notes all throughout the all of the gold standards that we've ever had, the the


government the federal the the government has never guaranteed uh the bank credit bank deposits. They only the gold standards back the paper notes that are in circulation and they're fully exchangeable for gold under the classical gold standard, the Treasury notes. a $20 bill had a $20 uh coin in the Treasury's vaults backing it up and it was fully exchangeable. So, uh the there is uh $2.8 trillion worth of Federal Reserve notes outstanding. Now, they're not outstanding because they're


outstanding notes. They're a liability. So, they're notes outstanding. Uh now, they people will say, "Oh, it's a fiat currency. The dollar is not backed by gold. Untrue. It is backed by gold. There's 11 billion 37 million on the gold certificate accounts held as collateral against those notes. Now you take that number uh uh 2 trillion and you divide that by the uh 11 trillion 11 uh billion I'm sorry. And what you come up with is that each dollar is backed by 0 uh uh 39 uh cents worth of gold. 0.39%.


So less than 4/10 of a penny at the official price. What is the statutory price for gold? It's 42 and29th dollars. Leave it to a government to pick an irrational number. 42 and 29ths is uh 42.222222 out into infinity. It's a number that cannot be resolved. And so uh anyway, that's how it adds up to 11 billion 37 million. Now uh a gold standard is self-funding. All they have to do is declare a price that is higher than today and then stand ready to buy or sell gold in unlimited quantities. When


a mining company brings you a whole bunch of gold, all you do is you print up gold certificates and you you hand those to them and you buy the gold with the newly printed certificates and you've got a gold standard. It's an easy thing to do. Uh and so [clears throat] if they do that, what are the the consequences here? Well, we free up $2.8 trillion that that is the collateral that is held. It's this is mostly US treasuries that are held uh for the uh as collateral against these notes giving


him the ability, you know, that goes into the rest of the Fed's balance sheet and that can then be deposited in the Treasury general account and they've got 2.8 trillion that they can spend against the deficit spending before the gold standard. Gold standards constrain governments. You can't do a bunch of deficit spending without doing something called crowding out where you borrow too much gold out of the private sector. Slow the economy down, reducing the the tax revenues. And so there's a certain


range where the government can do a tiny bit of deficit spending, but not the massive deficit spending we do today. So, uh, what is the result of this? If they went to 100% gold backing on the uh the Federal Reserve notes that are outstanding, what would the price be? Well, $9,044 is what it would require. But I think that, you know, maybe Trump needs a little bit more than 2.8 trillion for uh deficit spending. And so, let's go to a nice round number. I I'm not saying this is where it's going,


but I'm saying this is entirely possible. And I'm saying that I I really do believe that we are possibly headed toward a new world monetary system. if you want more information on all of these breadcrumbs because what I've done here is I've taken two of the videos that I've done sort of woven together the major pieces of evidence but excluded about 90% of the evidence that uh I used to support this theory that we are headed toward another monetary system. It's going to be sometime soon


and anybody here can take advantage of it. Here is the other video. So, go to uh my YouTube channel and look for uh a new gold standard, evidence and path to $10,000 gold intensifies. And I'm going to go back a frame here. Uh $10,000 gold this year, monetary reset breadcrumbs in plain sight. So, go and watch those and then go to goldsilver.com for more information or just in case you want to buy any gold and silver. So, uh, once you've gained a certain amount of wealth, once you've, uh, uh, done a


bunch of work, you've invested, and you've, uh, gained wealth, now what? What are you going to do? Are you going to just, uh, make more and more and more, or do you also try to leave the world a better place than you found it? uh do you try to create a world that is better for future generations? For me, uh I want to do the latter. I've made enough to where I'm I'm fine uh and I'm comfortable and I don't worry about uh uh currency, not money. Uh because I've got a lot of money. I've got gold


and silver. You know, I used to tell people, "Oh, yeah. I'm fully diversified. I've got both gold and silver." [laughter] And really, it was my only investment for a long time. And everybody thought I was nuts. Turns out it's the number one performing asset class other than cryptos because cryptos came out in 2009. And when you go from zero to something, that is an infinite return. But gold has a 5,000year history, 28 2500 years uh as money. Uh and uh so that was my only investment. Now, I've


got that cryptos, uh, a few other stocks, I've got Tesla Roadsters, and I've got some real estate. And so, uh, I am a little bit more diversified than I used to be. Now, for the next part of this in uh presentation, what I'm going to be doing in the future