[Music] hey gold silver alen Hibbert here with another weekly wrap I have a lot of exciting news for you this week and it all starts with our number of the week that's right our number of the week is 500 billion 500 billion and you might be thinking this is a quantity of dollars but it's not it's 500 billion eggs eggs and I will explain why in just a minute minute but first I want to get to the headline of the week 80% of American households are in a worse financial position now than they were before the


covid pandemic hit 80% that's four out of five so if we go back to March of 2020 three and a half years ago 80% of American households are doing worse financially now than they were back then that's staggering that's not a good sign and that's just the quantitative measures okay there's also the qualitative measures of how do people feel about their prospects and that is not good either that's actually the subject of our chart of the week this comes from a Gallop poll a survey of


Americans This is the trend in Americans confidence in institutions and these are institutions that make up the very fabric of society like the military the police the Supreme Court the presidency organized labor newspapers big business and Congress Congress at the bottom here okay so just to break this down for a minute we're looking at the trend and Confidence from 2021 to 2022 to 2023 okay and you would think that in a society with a strong economy and strong Foundation confidence in institutions


would be very high it could be close to 100% in every category I mean there's no reason why everyone couldn't be confident in every single one of these institutions but that's not what we see we only see a couple institutions where the majority of people have confidence small business at the top about two out of every three Americans are confident in small businesses that's pretty good two out of three okay and that's obviously the largest source of employment in the country that's really


the backbone of the economy the military almost two out of three people are confident as well that's pretty good after that it drops off thece police less than 50% of people are confident in the police so if you ask two people on the street are you confident in our police one would say yes one would say no that's not good the medical system basically one in three people are confident in the medical system this is unbelievable Church less than one in three people the Supreme Court less than


one in three people Banks one in four people Public Schools one in four people have confidence in the public schools one in four that's hardly anybody and it gets worse and worse from there and at the bottom Congress 8% that's less than one person out of every 10 has faith in Congress to the eight% of people who have faith in Congress I salute you you have more confidence than I do I hope you're right we will see anyways there is one institution that I have a little bit of confidence


in and I think confidence is coming back to and that is the subject of our tweet of the week and it actually comes from Twitter itself or X itself it comes from X News Daily and it's about X news X's lawyers have come to the defense of an Illinois student being threatened with disciplinary disciplinary action by his university over post he made on the platform this is the first known example so far of X paying legal fees to support users Free Speech as promised in August so yeah there was a student um in Illinois


that's being threatened with disciplinary action by his university over posts he made on a and I think it was something around free food you know there's a certain event with free food turns out he got it wrong you know there's a whole lot of details there and that's kind of besides the point for right now the main point is there is an institution X that said in advance it would defend users free speech and now that it has the opportunity to do so it's actually putting its money where


its mouth is unlike other institutions that put their mouth where the money is anyways I want to get back to the number of the week I said 500 billion and it's 500 billion eggs and that might seem like a very weird thing so where does it come from well it actually comes from one of the articles on the gold silver website this one up here the end of German hyperinflation 100 years ago today that's right this week 100 years ago the German hyperinflation ended 1923 and that lasted basically from the


beginning uh well excuse me it lasted from the end of World War I 1918 and in that fiveyear stretch fiveyear stretch Prices rose so dramatically okay so dramatically how dramatically well at the end of hyperinflation if you could afford one egg one egg it would have cost the same amount of currency as 500 billion eggs just 5 years before imagine that 500 billion eggs it's a lot of eggs anyways um also on the gold silver website there's tons of other great headlines I encourage you to check them out Congress should start


worrying about the deficit yeah speaking of faith in Congress maybe they should have worried about it a long time ago but better late than never oh what else we got here uh the Pentagon cannot account for 3.8 trillion dollar worth of military assets 3.8 trillion trillion with a te this is I I have no words for this and 80% of American households are now in a worse financial position that's according to the Federal Reserve that's what I mentioned just a minute ago I encourage you to check it out there's a lot of


great stuff here anyways uh I want to end on a silly note the meme of the week if knocking gold away from $2,000 was an Olympic sport oh who would be the gold medalist no pun intended the bullion Banks the bullion Banks knocking the price down over and over again I want to thank you guys for watching have a great Thanksgiving see you next week hi I just wanted to tell you about gold Silver's 111 ounce silver giveaway where you can win win win 111 one 1 oz silver bar one 10 oz silver bar and one


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