gold news

 I want to get in a uh some some thoughts on Central Bank digital currencies you talk a lot about it in the book The Coming of cbdc's um how how far away are we from that reality and your thoughts on Central Bank digital currencies I I don't know one two years something like that I actually hope they're a little bit late so that the crisis comes before then because this would be the method for them to get everybody into it and then you're trapped uh once we're all using Central Bank digital

currencies that you know right now they inflate the currency Supply and they transfer wealth but if they scare people too much you can go into other assets well uh once they've got Central Bank digital currency if they don't want you to buy gold they just won't allow you the currency won't buy it the currency is programmable they can control almost every aspect of your life once we get on any programmable currency where they can if they don't like you they can make it so that you can't spend

any currency within a five mile rate you know outside of a five mile radius of your home if they don't want you to travel you won't be able to buy airline tickets or taking Uber or pay for a hotel room once they get you into this now I I should have prepared and had this little Bill but in Taiwan they came out with a uh a note that was a temporary note to stimulate the economy they printed a whole bunch of currency that had an expiration date on it and so as it starts reaching its expiration date

nobody wants to hold it velocity picks up but the value of its its purchasing power diminishes uh and and uh they can do if they think they need to stimulate the economy what they can do is punish you by charging you ten percent on your savings and if you notice your savings Vanishing at this amazing rate you're going to spend it before it vanishes so they can cause you know this is the one area that the Federal Reserve and the currency creators they don't have direct control over it that's the emotion of the public is what

controls velocity whether or not you feel good enough to go out and spend so if they want you to go out and spend they'll just punish you if you don't let's bring this up okay I'm just curious to know if you you have thoughts if there's any correlation between that and everything we're seeing in news from you know UFOs being shot down spy balloons is this all part of one big distraction and for what what's what's any feeling of what the game plan is here what are they trying to do

um well I don't know you know the world has changed so much in the last three years that I just find it absolutely unbelievable and I didn't believe uh evil at this scale existed and it does uh there's a lot of distraction going on what I would urge people to do I don't pay attention to all of it all the time and uh what I do is I I try to focus on understanding the system behind it uh and when you are looking at the system and then where the economy is so the economics and where the economy

currently is if you can hold up that's one of the things about this book is I was trying to cram in a very small easy to read I mean it's not a real thick uh intimidating daunting book and I try and do it in very simple language so that somebody can if if you understand how currency is created the difference between price versus value some simple economics and the current state of the global economy and then you understand the differences between the 70s bull market and today the vast amounts of currency the floating around

the paper wealth that is floating around the planet it is a blizzard of paper and it'll all try and land on that same tiny pile of uh gold one day and that will cause an absolute explosion it's a wealth transfer that happens from the people that are coming late to the party to the people that got there early but if you can hold all of these things in your mind at once you sort of get a painting of what the future might be do you think that we'll see gold-backed currencies I hope so because

um uh I actually actually I would rather have them use gold than a gold-backed currency when you go on the gold standard it just opens the door again for this whole scam to start all over again if you are paying for things in grams of gold or nanograms or whatever it takes anybody that says there's not enough gold doesn't know fundamental economics that they actually if they say there's not enough gold they don't know how to do division I mean if you look at the number you could give

every atom of gold in a gold a single ounce of gold a serial number that could be put in a vault and as long as it's this one stable thing uh and and uh you have a number that is not something that a government can expand or contract at any moment and it's not something that's borrowed into existence and then vanishes as it's being paid back uh that could be used and there would be more units of currency than currently exist on the planet with just the one ounce however if you were doing that with just

one ounce uh the amount of work and time and effort put into mining that one ounce wouldn't equal the amount that that one ounce would buy gold and silver are honest money they're not just you know we're not just talking about sound money we're talking about honest money because there's no fraud and theft involved with Fiat currencies there is fraud and theft every trans action you know with gold the amount of time and effort to dig it up mine it refine it minute into a coin and uh then buy

something with it the it's an equal trade you're trading something for something with fiat currency when you borrow currency into existing existence by saying here's this house I found I want to borrow a million dollars in the bank imagines a million dollars worth of ious into your account you pay the seller with those ious it's a trade of nothing for something and that's fraud in its theft I want to wrap with this with the with the few minutes we have left Mike I started by saying your First book came

out in 08 you know now you're out with this book 2023 obviously a labor of love um and you've obviously accumulated accumulated a lot of knowledge along the way just you know is there some one thing that stuck out for you