hi this is mike maloney with jeff clark once again and we've got lots to cover today jeff what have you got for us yes we do have lots to cover mike we're going to try and squeeze in two articles a day chart of the day tweet of the day some great viewer feedback an awesome meme so stick around for that but mike before we jump into that this past weekend was silver short squeeze number two uh what's your reaction to how that went well people just have to re you know silver fell today


uh it went up uh very big yesterday and then it fell today uh i'm i you know we don't have the commodities exchange report yet so we don't know how many bars were actually taken off of the commodities exchange or how close they came to breaking the system but everybody just needs to remember that this is a long-term battle against manipulation and uh and uh it will be successful ultimately if they can control everything silver would still be uh four dollars and thirty cents like when i started buying silver it'd still


be uh and gold would be two hundred and fifty dollars not uh 17 almost 1800 um there you know they have been the best performing assets of this century if you go back to the year 2000 you take a look at them compared to the stock market they're huge with the exception of a bunch of the cryptocurrencies so some of the cryptocurrencies there's some cryptocurrencies that have not performed uh a whole bunch of them did perform and they outperformed the precious metals but when the when the stuff hits the fan


uh the people are going to run to safe havens and i do believe that you're going to see gold silver and crypto all take dramatic rises and i do see gold and silver as the pretty much no risk bets what do you think yes it's a long game that we're playing here the next bubble in my opinion is probably going to be gold silver so i'm that's how i'm investing mike and that's how i'm playing it so uh well on to our first article of the day here mike we got a couple things


here on inflation watch i like this first article that you found today we are entering the final and most critical phase and what this article is pointing out is that inflation comes in phases first it happens in raw materials then it shows up in factory prices then it shows up in retail prices what we pay um you know we go to the store or the gas bumper whatever and check out this chart mike it shows copper lumber and gasoline prices and how much they've risen over the past 12 months what do you


think well it's a one-year chart and copper is up 100 uh uh it's gasoline that's up 200 percent in lumber 320 in one year uh and as this works through the system i mean this affects you know on my uh farm i'm trying to get a house that was damaged by the hurricane rebuilt and the contractor uh only agreed to do it if we buy all of the materials because he can't bid on it because the prices are changing so rapidly that he's afraid he's going to lose his shirt if he commits to a certain price


he'll bid on the labor only so that's the way that this is affecting uh the whole chain uh you know by the time it gets down to the contractor it makes his life so uncertain that he actually can't bid on a job uh this is the the only way that they can uh slow inflation at this point is to slow velocity and they've been trying to increase velocity so the fed you know it's that thing be careful what you wish for you just might get it they've been trying to get inflation they're about to


yes exactly and this chart shows it it's a process and it's going to show up next in in retail prices and mike that leads right into our next um article of the day and this one's on zero hedge and it talks about uh bank of america quote transitory hyperinflation ahead they call it and basically what they're reporting on here is they listened in on the earnings calls of a bunch of s p 500 companies and they reported wow there's a jump in the mentions of the word inflation in these earnings calls


and then a week later there was another jump and then a week later after listening to more calls they realize that the jump in the number of mentions of the word inflation was 800 and you can see in this chart uh this is almost a 20-year chart it just went off the chart they actually had to create another chart just to capture all of that so what do you think mike transitory hyperinflation that's that's the uh funniest part of this that's what bank of america is warning about is transitory hyperinflation and


then the article closes because uh if there is one thing hyperinflation is it's transitory so uh like intermittent you know what though a little bit of this is true you can have transitory or intermittent hyperinflation uh when i was writing my chapter uh in my book about uh the weimar hyperinflation i really dug into this and studied i mean i there was a stack of books this high just for that short little chapter uh that was studied and consumed and data gleaned from them and what i found is that in almost every example what


i've what i uncovered there made me go and look at zimbabwe and a whole bunch of other hyperinflations where there was data on and what i found was that there's almost always a pre-hyperinflation hyperinflation uh in 19 uh from 1919 i believe to july of 21 uh prices rose seven-fold in germany and then leveled off for like a year and a half but the government kept on printing currency and then it went into the big hyper inflation that everybody talks about but you look at that prehyperinflation


hyperinflation and it was super significant what this does is it conditions everybody psychologically to know that when they see prices changing rapidly they've got to get rid of their currency as fast as they can the day that you get paid is the day you go out and spend 100 of your currency on stuff that's going to rise in value along you know and so that's when people started trading with cigarettes and whiskey and commonly used goods like that that were basically an alternative form of currency but um


it's interesting it's in the end it won't be transitory it'll be something that devastates millions right right in the big picture it could be transitory but transitory could be a year or two or three or whatever it you know eventually would end but it'll devastate anyone in the meantime history shows this very clearly it'll devastate anyone who doesn't own gold and silver what i found amazing in this article though mike is that they actually uh the bank of america this big


mainstream stodgy bank actually used the word transitory hyperinflation they actually use hyperinflation they think that is what is coming that's a pretty bold call from a very stodgy mainstream bank don't you think yes and what's interesting you know you go to our main page on the news i've seen uh more news articles on our website about inflation and about big firms like bank of america talking about inflation i think bank of america is the first one to actually say the word hyper inflation uh so


uh it's it it shows that there's a real change in the wind yes it does and i'll mention just real quick mike talks about this in great detail in hidden secrets of money episode 7. so we'll provide the link down here for that but that goes into it in great detail it's a wonderful video so that's a that's a grab the popcorn type of uh video to watch there so well mike on to our tweet of the day this is from brett crosby remember the financial crisis and he's referring to the great


recession back in 2008 etc when lawmakers thought 700 billion dollars was excessive back then that was thought of as excessive now we have 1.8 trillion dollar plan presented just weeks after biden signed a 1.9 trillion in a covent relief spending bill that's around 30 000 per household in one year what do you think of that mike i well obviously i think it's just absolutely insane everything that we're doing uh and it's going to come back to haunt them uh you know the federal reserve


on their the fred website uh has uh charts that you can make on spending government spending uh per person um and uh it's over the 30 000 per year uh threshold but yeah you know i talked about this last week the the entire uh base currency supply was 0.8 trillion just before and fed assets were like 0.185 trillion or something 0.84 so 840 billion dollars something like that just before the crisis and now fed assets are like 7 trillion and base currency is 5 point something it's everything is broken


and anybody that says that uh that things are going to be all right don't worry about it and then you look at all these charts that are suddenly you know they went along nice and evenly for for uh you know decades and decades and decades and then suddenly one's going this way one's going this way and it's all over the place you visually you look at this and you know it's broken and that they're just uh you know pulling every knob and flipping every switch and levers and stuff uh trying to keep this


thing going uh it's going to be catastrophic so yeah i absolutely agree uh this is insane [Music] so i don't really have anything more to say on that one yeah my reaction to that is i still believe in the adage there is no free lunch i don't think you can do these kinds of things and not expect there to be some kind of consequences right well it's all going to come back to us as the big inflation that we just saw in those two articles this transitory hyperinflation right very good well if you're liking this


video today please hit that like button down below for us and be sure to subscribe to our channel so well mike on to our chart of the day and this is from matt retail and he's referring to the retail investor here the retail investor is going to get crushed a replay of the 1970 bubble and the 2000 bubble coming your way this time though probably in real terms rather than in nominal terms and this chart shows this is the percentage of u.s households that have an allocation to the stock market and you can see what


happened in 1970 when it peaked you can see what happened in the year 2000 when it hit a peak even in 2008 when it hit another peak and yet look at where we are today the highest uh in what 70 years about i don't know if this is the highest in history but in this chart it is the highest so mike what i'm pretty sure i'm pretty sure that this would be the highest in history even at the peak of 1929 40 of you know 41 of the population was not invested in the stock market uh this is enormous and what when i


first saw this chart what really hit me was that the curve on this chart is the same curve as the buffett indicator it has these the same uh one uh bubble peak back in 1970 or in that time frame and the dip in the early 80s and then the three peaks that it's got right now in this century 2000 2007 and today if you go to p e ratios it looks just like this the buffett indicator looks like this margin debt looks something somewhat like this the peaks are in the same spot all of these things that have warned uh


in the past and reliably warned that we're in a bubble and that bubbles can't be sustained forever um all of them flash the same warning and here we are uh you know this this is not going to last it will fall apart eventually yes i look at that and i just have one simple reaction danger will rogers so we'll see how many people get that reference so will robinson dangerous right will rogers was the comedian right right well on to some viewer feedback mike this is a good one this is from dryden1


had a three and a half hour talk with my parents the other day about the economy and silver as a safe haven the programming from the mass media has made it extra hard for me to show them that the economy is not doing great but the opposite i think i convinced them enough to watch your hidden secrets of money series let's hope for the best you know um this is it makes me proud whenever anybody can use hidden secrets of money proud of my team uh and the uh the job that they did uh putting it together because


this is sort of what it's meant for it's meant to be a tool uh to just help spread knowledge and so this is wonderful and i want to thank him for uh um saying that and good for him for trying to convince his parents this is a a great time to be spreading the news and and uh trying to move people you care about to safety in my opinion yes and again that link to hidden secrets of money episode seven will be below here so you can click on that if you would like to watch that uh well worth your time so well mike


we have our meme of the day here so tell us about this one well it's joe biden saying for all of this big spending we'll use paypal and then the next frame is thanks pal and he's getting our grandkids on the head because they're the ones that are going to pay for that's exactly this is so true enslaving an entire generation for reckless spending if they had only let the markets crash to where uh they they reached equilibrium in the year 2000 that crash if they had only done that in 2008 let


the markets crash until they reach equilibrium and come back naturally because they won't crash to zero so uh thanks pal all of your grandkids out there uh you know this is a shame it's a crime is what it is yeah it's very sad so yep want to thank everybody for watching and we'll see you all next time thanks jeff next week mike