the reset that they are talking about you're either going you're going to play the game whether you want to or not you're either going to be a victim or a beneficiary there are only two sides to this it's a binary outcome hi everyone I've got Chris Martinson with me and Jeff Clark for another one of our little round table discussions here Chris how are you doing thanks for asking I'm doing really well it's uh it's winter we just got winter I'm jealous of Puerto Rico all of a


sudden well our seasons are quite different uh it rains all summer long that's the rainy season and right now we switch over to the dry season which is usually in the mid 70s uh low 80s and uh and it rains much less the humidity is lower so this is the part part where it becomes perfect down here Jeff how are you doing I'm doing great and we have winter here too and Chris I'll tell you that uh it it dipped into the 50s last night so it's really really cold here oh boy we don't really know how to rub


it in don't we yeah well what's the temperature there overnight Chris I woke up to snow this morning so that's all I'm gonna say that's it there the first the first it was great but yeah it's after you've spent a few weeks in it that it becomes a chore what were you gonna say Jeff I was just gonna say it's great to be back with you guys and I I want to jump in because there's so much we could be talking about in fact I had to Widow my list down I had about 10


different things and I tried to whittle it down to three so let's Jump Right In and this first topic is an article that came out yesterday which would have been uh what November 17th Tuesday and it's it's about the uh comments that the Fed chair Jerome Powell made he said that the recovery has quote a long way to go and that as a result and this is what I what I ask you about quote this isn't the right time to worry about the fiscal health of the United States end quote so my question to you and Michael I'll jump


to you first and you even if the Senate stays Republican we should expect more currency printing right and what ramifications do you think we should expect from the poor fiscal health of the U.S that is clearly not only here but going to get worse well I've got a couple of answers but I want I want to quote or at least paraphrase a good friend of mine Richard Dottie aka the mogambo guru where he says we're freaking doomed um uh their answer can't be anything except print currency the Federal Reserve and


most major economists do not understand that the wealth is the stuff in society all of the goods and services that we create for one another and what they're doing doing is debasing the measurement tool that's what currency is it's just a tool for measuring and then transferring value there's there's no other purpose for currency it is not wealth if you had all the currency in the universe but there was nothing that you could buy with it it's worthless uh the the very fact that we're using


these National Fiat currencies that are just whipped into existence based on a promise to pay something uh is just totally insane uh all currency is based on debt so if you have a dollar in your pocket it's that's just proof that debt exists somewhere because uh dollars and and any other fiat currency on the planet do not come into existence without debt so somebody is basically uh on the hook for this and with the uh all of the base currency that's created anything from the Federal Reserve uh the


debt that comes with that is usually treasuries and those treasuries have to be paid for out of our taxes so basically if if you've got currency it's it's it's all it's owed back by somebody in the future uh so this is a a game that they're playing that can only end in them destroying the currency it's just not possible at this point with more lockdowns and what Jerome Powell said confirms that it's absolute proof that currencies around the planet are doomed we are in an end game of of the


this fiat currency system and they're going to try to do everything they can to keep the game going and that includes uh the new uh the crypto or digital or blockchain Central Bank currencies that all of the central banks around the planet are coming out with Chris what do you think on that I I think I think you're exactly right I it might have been uh mogambu Guru that first clued me into the word scrumed uh which is a a contraction of screwed and doomed uh put together um because uh Jerome Powell says now is


not a good time to worry about the fiscal Health you know what Pro tip it's never a good time right you know this is the proverbial camel knows Under the Tent kind of thing ultimately it's a whole herd of camels and the whole tent's been lifted in the air they can't undo this and here's why um if you if right now the deficit printing I don't know what three to four trillion dollars it's got a run rate of over 10 trillion a year but I don't think they can sustain that of deficit


printing for the US government the GDP is barely hanging on at that level and here's the way the math works if their deficit printing at say 10 of GDP it's higher than that right now on a run rate and then they dial that back to three percent that's a seven percent loss of GDP it's never a good time to do that there's always a congressional election it's always there's always a reason right so here's the thing I this is permanent this is the new permanent level of printing because nobody has the


political stones to say now would be a good time to take that seven percent hit to GDP to get us back to a more normal sustainable level of only three percent deficit spending right so that that's that's the story uh you know um all I really took from Jerome Powell's interview was that he was wearing a purple tie his interview was wearing a purple jacket I saw a thing with some interns at the fed and three out of seven were wearing purple so I think purple we have to interpret purple


I don't know what to make of it [Laughter] well purple or not there uh is some massive currency dilution going on and the central bank is telling us it's going to continue that will have ramifications because there is no free lunch and of course gold and silver are one of the best ways to protect yourself so let's jump to the next topic here and that is uh my question is is a Terminator Terminator or Transformer type of society coming and I want to quote this uh read this quote to you


guys and I I want to know should I be concerned about things like this that might be coming globalist Klaus Schwab made it clear that transhumanism is an integral part of quote the great reset when he said that the fourth Industrial Revolution would lead to a fusion of our physical digital and biological identity which in a book he said is implantable microchips in our head that can read our thoughts so I don't know how serious to take this but Chris let me start with you is this something uh serious is this the uh


something that's coming down the road what's your reaction to a report like this hey Klaus you first [Laughter] for people who don't know he's he he founded the world economic Forum aka the Davos meeting that happens every year you know those beloved billionaires who fly their Jets into that little town in Switzerland and they're so beloved that they have to ring the whole town with snipers beforehand and stuff like that just to make sure that those people's love doesn't spill over too far I guess


um so yeah they have plans that they're using this whole coveted 19 uh thing to talk about a great reset which has been in the works for a long time and the great reset there's parts of it I actually understand uh to an extent where they say hey there really aren't enough resources for the whole world to continue on the path it's been on and then once you strip away that the Happy Talk um it's there's another layer under that which basically sounds you could not be faulted for interpreting it this way


which is to say we'd rather have those resources for our Jets you know than for your little cars uh I think as part of that story but however that gets parsed out um they're correct in assessing that the world is on an unsustainable course I'm a little disappointed that a main thrust of that is to say and the solution to that is implantable chips so that we can merge your biological digital physical cells that well I I didn't quite follow that jump uh and so I'm not a huge fan


of that angle of it but I do think it's time to start having a conversation that says we can't keep on the path we're on that our monetary path is obviously self-destructive we need a debt reset I think there's room to argue for an ecological reset there's there's the conversation needs to be had I think Klaus is off Mark when he says it's time for implantable chips uh that that I didn't follow that jump but but I am open to having a different conversation which says where are we going this looks


unsustainable and of course that's my work in the world I tell people we are and so you should personally prepare for that and I know you want to get to that later so um we can segue later but but that's yeah that's what I have to say about that yeah it's a it's a great reset it's coming a monetary one but jumping to implantable microchips uh Mike what do you think I think these people are dangerous uh I think that you know it's really interesting that uh they think that they


have this privileged place in society and they get to determine what happens the world with the world and then people are willing to go along with it uh it's it's you know I've never been I I always used to say and Dan was actually the one that came up with this I don't deal in conspiracy theory I deal with conspiracy fact and so I've steered away from these things for a long long time because I didn't have proof but now they're coming out every day and saying this stuff and


all of these conspiracy theorists were right they were the ones we should have been listening to right I thought they were nuts but uh they're not there's people that are really trying to take over the world control everybody's lives limit the population uh you know what are they going to do with these microchips they get to control you is what they want to do and I'm sure that one of their goals would be to reduce the size of the planet's population and I'm sure that they're not on the list


for reduction they see themselves as just like Chris said uh they want it all for their jet fuel you know um I think it's it's crazy and but the reset that they are talking about you're either going you're going to play the game whether you want to or not you're either going to be a victim or a beneficiary there are only two sides to this it's a binary outcome and so uh if you want to be a beneficiary you have to put yourself on a proper side of this and um you know there's areas of Our Lives


where we're all going to be victims because I just don't think the future is as bright as it used to be um uh but uh if you've got some resilience and sustainability in your life uh you know and go to Chris's Channel Peak Prosperity uh for all of that you're going to find out a lot if you go over to that channel about how to prepare for what's coming up right now but then when it comes to financial this could be the best thing that ever happened to you in you're in in this


I've been writing about this I was expecting uh in the crisis of 08 for this to play out and then we'd come out with a healthy recovery but they didn't let the markets and everything clear to the point where uh we could start a a brand new bull market in stocks and things uh and and where currencies could be stable and where they could run this without all of these enormous deficits that are so self-destructive uh they didn't let Greenspan didn't let it happen then Bernanke didn't let it


happen then yelling and now we've got Powell they keep on slapping Band-Aids on this bullet this bubble this balloon that's about to burst well they keep on blowing air at it or greater and greater pace and a hole Springs up and they slap another Band-Aid on expecting a good outcome it can't have a good outcome unless you're invested in Precious Metals possibly crypto currencies you know I think most likely cryptocurrencies and then you should also have a a plan for being as resilient as possible personally and uh


having access to food you know we're we're getting to a point where uh they're talking about uh food shortages supply chain disruptions with this next lockdown and people are getting scared of that um you know I'm um uh purchasing of a small farm uh and getting ready for this I've got my own solar power uh the internet down here is not all that reliable in Puerto Rico so I'm expecting the potential for problems there but I've got my own clean water sources power sources and place to grow


food that's the path I'm headed down with a lot of precious metals that's my main uh investment so yeah very good and that kind of is the third topic I wanted to ask you guys and Chris I was really impressed on your site and correct me if I'm wrong that you've kind of switched from looking at the problem and diagnosing the problem that is staring us all in the face uh and switched over to more solution based action right now so if that's correct uh can you share with us and share with a viewers what


you're personally doing in terms of a solution to deal with all the things that we're going through not just right now but what you think is coming down the road over the next few years well sure this is uh it's really important that people have that context and and you know you're right for a long time I was in problem definition space because uh it's really hard for people to get their heads around something this big that's happening and this is super big right this is like the biggest shift


that's going to happen in anybody's lifetime or maybe in a hundred lifetimes this is ginormous right so uh it takes a lot of sort of consistent sort of data and convincing because because it takes a while to get your head around it well enough people have their head around and it's time to say great what are you going to do about that and so we talk about resiliency and being resilient and we break that down around eight forms of capital that if you're rich in all eight of these you are going to be resilient


right still no guarantees of of you know you know it's all going to turn out great but you have a much better chance and so that's what really doing here is loading the dice in our favor in this story and by the way everything we would recommend are things that Adam Taggart my co-founder of peak disparity of myself that we're doing that you just heard Mike is doing it like we walk the talk and uh and so if you go down this path of resiliency are guaranteed because we can guarantee this is that


you won't regret it because we're talking about things that will make you happier uh secure your wealth you'll be in Greater control of the things that you can you'll have deeper relationships um so the things that you can control because Mike's right there's nothing we can do about this great reset except decide how we want to position ourselves for it because it's coming um there's nothing I can do about Federal Reserve printing but it's coming right more not besides what's happened


so you look at the big trends that's the problem definition what do you do about it my own personal response um you know I have uh cows and chickens and raised pigs this year I've got a garden I'm actually working on my soil I think soil is the key to everything so to the extent I can I'm building that up I bought a place that specifically had an uninterruptible spring-fed water source these are the things that make me feel good that I can take care of Maslow's hierarchy of need Bottom Rung food


shelter safety warmth right those are those are the things that I care about uh water um so uh but because I have those I'm free to do the other stuff I want in life which is to be happy be healthy um you know have a life of meaning and purpose and all of that so we're not we're not into this as a as a question of survival we're not interested in that we're interested in get yourself squared away so you can be resilient so you can have as as rich and meaningful a life as you possibly can and I know for a lot of


people that sounds like a tall order given how crazy everything is out there right now but it's possible and of course some people will play the game really well and and Thrive and other people will get caught up by things and and the difference between those two groups is do you understand the game that's actually being played out right now and so um you know that is if not problem definition making sure you have the appropriate context you got to know what's happening monetarily if


you haven't like watched and re-watched the hidden secrets of money to actually understand the difference between currency and money and what the game is then you should you should do that right away um if you don't understand what Davos crowd or the world economic forum is really saying when they say um you know we need this great reset when you peel it back they're really saying the pie can't expand like it used to we're going to talk completely about how this Pie gets re-divied up you want


to make sure you understand where that pie is who's getting who's on the receiving end of this fixed pie and and who's who's just lost a chunk of their slice um so that's that's really the story there but then yeah please become resilient Financial Capital Social Capital living Capital cultural capital these all matter very very important right now yes very good point and if you haven't visited the Peak Prosperity website there's a wealth of information there that can really


help people get started on this resilient lifestyle um and so Mike you've talked about it before but how are you personally uh becoming more resilient uh for what you think is ahead uh well before I get on that I want to touch on something that Chris just said he said this is going to be the biggest thing that has happened in our lifetimes or perhaps a hundred lifetimes now um when I was writing my book when I used to make appearances with Robert Kiyosaki I I was saying that this is the greatest wealth transfer in history I


was the one that coined that phrase I I had read somebody that said that in back in 1998 I can't remember oh the great disorder or something like that I can't remember the author's name um and he said that wealth is never destroyed it's merely transferred and when I read that I went oh my God this is the greatest wealth transfer in history and I started saying that and Robert was saying what does that mean wealth transfer well what it means is that it doesn't matter what the price of


gold and silver do what it what matters is how much stuff it buys you in the future and if if it goes up 10 or 100 fold uh or or more in how much stuff it actually purchases because uh the the because of the number of people that trust all of these Fiat currencies and don't get prepared themselves if they don't they aren't ready for it they're going to see this huge wealth transfer of absolute purchasing power from the masses the people that aren't prepared that don't own Gold Silver and cryptos


to them and so it happens at this ratio if there's a thousand people that aren't prepared for every one that is it's a thousand to one wealth tree transfer and that's what Chris is talking about when he says this may be the biggest event in a hundred lifetime it's because it is this is we keep on pushing this thing right to the edge of a cliff expecting that somehow time is not going to March forward that we don't have to fall in to this huge Canyon of debt that we've


created uh so you know what I'm doing to make myself more resilient like I said I'm right now I'm trying to catch up with Chris he's quite a bit ahead of me when it comes to the ability to produce food yeah but uh I've I've got a place now where I've got a great water source and I already purchased my solar panels and Tesla power walls and uh and so I'm going to have my own power my own water and my own food sources just in case the monetary system completely collapses uh


the tail risks on this you know there's something when you're talking about the uh bell curve of probabilities there's something called kurtosis where that bell curve can become shifted toward one side or the other of potential outcomes and uh We've this bell curve has been shifted to where I don't believe that there's any possibility of having uh what would be considered a good outcome where everything just goes back to normal again and the stock markets keep on going up and uh and televisions stay


cheap and everything is always available to us and you're going to have uh strawberries in winter that are flown in from New Zealand and all of that kind of stuff that we're not going back to that that I don't see as any possibility now on this bell curve of probabilities and the longer they keep on doing this a modern Dark Age I mean Beyond just another Great Depression that's actually a higher a high probability now some sort of very large Great Depression uh you know it might be that we get back to a


sluggish and slow economy that doesn't reach the GDP levels that we had before uh this pandemic it may not reach that for decades we just have this real slow sluggish economy I think it's a higher probability that we're going into a severe reset not recession but depression and that uh there is this part you know um one of the things that elong musk is trying to prevent is a modern Dark Age he believes that there's a potential that that could happen and I believe that with these uh people


at Davos and stuff and the way the world central banks think about economics they just don't understand that wealth is stuff goods and services and they think that wealth is the measurement device that measures the goods and services and that creating more of the measurement devices uh will get us out of this problem and it doesn't it transfers well I just want to be on the receiving end of that transfer if I can help it if they're going to do this anyway and crash the world economy I just want to


be on the receiving end of this because it's that's everybody's choice at this point so what was your question I just went off on Chris's topic of this being the biggest event in a hundred lifetimes it is we're here so right what was your question again Jeff we're here and like you said it's a binary event either you're going to be a victim or you're going to benefit from this wealth transfer um and it all starts with becoming resilient which all starts with owning a


meaningful amount of physical gold and silver so that's really the issue don't stick your head in the sand make sure that you uh are prepared for the kinds of things that are most likely going to to be ahead so and go to Chris's site and if you're living an apartment start a windowsill Garden uh you know start something where if uh for some reason the store Supermarket shelves are empty uh you still have the ability to eat so um uh there's there's a lot of information on that on uh the Peak


Prosperity site yes very good well thank you guys for addressing these topics this was fun and I will see you guys again in two weeks okay thanks Jeff all right thanks Jeff thanks Mike thank you Chris