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 This kind of stuff just causes another big bubble that then causes another big crash. But either way, it causes gold and silver to rise. Hi and welcome to the Gold Silver Show with Mike Maloney and Alan Hibbert. Allan has a presentation for me. Alan, how are you doing? Thanks, Mike. I am great. How are you? I'm doing great. So, what have you got? Well, yeah. So Elon Musk has been uh tweeting as usual and he's raising eyebrows and ruffling feathers threatening to create a brand new political party in the United

States. Uh and this this has massive implications um on everybody for obvious reasons. So I thought it would be good to take some time to look at what he's been saying lately and think through the implications financially and otherwise. Yeah. Um I think no matter what happens, the outcome is going to be good for gold and silver. Sorry. So, okay. So, it starts with a tweet here from Elon Musk. He said, uh, on June 30th, so just a couple days ago, if this insane spending bill passes, which I'll show in just a moment, the America

Party will be formed the next day, our country needs an alternative to the Democrat Republican, uni party so that the people actually have a voice. Yeah. Well, um, a couple of things here. I I agree with him because uh we don't have I would like an economics party. There is so much evidence that if you obey the laws of economics, people will be happier and they will live longer. And both parties do stuff that I see all the time that I know is leading leading to the shortening of our lives. that's

leading to um you know a greater um bifurcation of society with the rich and the poor and which leads to a lot of discontent and unhappiness and uh it would actually be great if that there's pluses and minuses to all these things. The other thing too is Elon Musk has become this uh incredibly polarizing character where people either hate him or love him. Now I've met him a few times. I'm one of the original Tesla owners and um uh when it used to be like a private club and you got invited to

the Tesla parties whenever they would do an unveil of a new product. Uh, and the thing that I like, he doesn't have any filters. Well, if I say that, what is this group of people going to think of me? And what is that group of? And so with Elon Musk, you see exactly who he is right to the core. And he's not afraid to just put it out there and say it. And uh, so I mean, think of all the different CEOs of all the companies. Does does anybody really know any of them? I mean, I wish he could be

president. Actually, I think we'd have a true businessman that is just so non he is not a politician. I mean, he was basically a Democrat from the left, but thinks that the spending that we're doing is going to break the country. And then he was worried about uh stacking the uh the voters in swing states and that's the reason he got involved politically. Uh he didn't want to see this become a one party country. So now he's talking about making it a three-party country. This is

interesting. Yeah. What's what's your take on this? Well, yeah, exactly. Um I agree that the there is a Democrat Republican uni party. Uh, I'm not sure if creating a new political party is the solution. And we can kind of talk about why throughout the video. Um, I think the answer is sound money. Like you you got to get back to something that can't be printed or promised into existence. That's sort of the root of all the problems. So whether it comes from an existing an existing political party or

a new one or anything like that, like you just got to get back on sound money and so many problems in the world just disappear. Yeah, agreed. I like to call it honest money. Exactly. What we've got right now isn't unound money. It's it's dishonest money. That's what we've got right now. It's that's the reason it's called currency is because it's not money. Exactly. Okay. So here So let me let me fill people in on what the spending bill is here. Um for anyone who

missed it. So by the way, the next day it did actually pass the Senate and uh there's a great article here on our website which also went out in our Nuggets newsletter um in people's email inbox. That's from Brandon, uh, our our editor, and he said, "If you ever wondered what runaway fiscal policy looks like in real time, this is it." Back in May, the House narrowly passed President Trump's big, beautiful bill, the BBB, a sweeping tax and spending package projected to add $2.8 trillion

to the federal deficit over the next decade. But the Senate just upped the ante. On July 1st, the Senate passed an amended version of the bill which slashes federal revenues by $4.5 trillion while cutting only $1.2 trillion in spending. That math does not add up. The result, a $3.3 trillion increase in the deficit, half a trillion more than the House plan. And when you factor in the extra borrowing costs, we're looking at nearly $4 trillion in new debt this year alone. Yikes. This is just so totally insane. And it

just shows you how disconnected all of the How could they possibly vote for this and they're they're going to um so the Senate is trying to go one better than the House. We're going to cut uh spending by 1.2 trillion, but at the same time they cut revenues by four and a half trillion. Totally insane. Look, don't look at me. I mean, I think when you Yeah. If if it's uh you know four minus three or four minus one, you can figure it out. But when it's 4 trillion minus one trillion, the numbers are just so big,

you're not sure which way. Is it positive? Is it negative? Just just ignore it, right? The numbers are so big, it really doesn't mean anything anymore. Uh and eventually you end up with a crumbling of society and and things have to sort of crash and start over again. U this is yeah we are getting to where it everything is out of control. Okay so we agree on that we can move on. Yeah. Absolutely. So Elon says every member of Congress who campaigned on reducing government spending and then

immediately voted for the biggest debt increase in history should hang their head in shame and they will lose their primary next year if it is the last thing I do on this earth. And you know what? Nobody's been better at executing than um uh you know when he says something he ends up doing it. He might be a little late. You know sometimes when he promises something it might take um you know he says next year and it ends up being three years away but almost everything that he's ever said that he would do he does. Yeah. And

I don't know if this is even a good thing to do because I mean you could have all these all these incumbents lose their primary and replace them with more of the same potentially, right? And he could spend a lot of time and energy and money, a lot of resources to try to make that happen and it it might not move the needle. So ah it's a bummer. But anyways, this is this is where his head is at. Well, I I think one of the things that this is causing is um the average person is getting more involved with this. And

I think the average American is getting very fed up with the the it is so reckless. I mean, Congress just thinks that they can buy votes uh going on into infinity that they can promise as much free stuff as possible. And uh I mean it's not a big beautiful bill. This is a Yeah. Ugly a big uh but ugly boondoggle. Exactly. Uh there's a gentleman here, Gary, who replied to Elon saying, "Elon, I do not think you will enjoy the results of a third party. Pick which of the two you like better and do a hostile takeover of

it. The third party will split the vote with the one you like more and the one you don't like will end up winning." I think this is a valid point. Yeah, you know, it is. And there's a historical precedent for this. Um Teddy Roosevelt uh had been he he had served four yeah he had served a four-year term and then or maybe I can't remember what his original term was but then he lost um and he came back four years later with a third party and um it did split the vote and the result was Woodrow

Wilson and uh there are some implications here because some things happened during World Woodrow Wilson's term. Can you think of anything that happened? The Federal Reserve, the worst thing that ever happened to the country, maybe the world. Yep. And my goodness. Yeah, it um it can have it's possible that it can have results that you don't want. The last time I can think of a third party uh entering the race was uh Ross Perau. That was actually the last time I voted was I voted for Ross Perau. He was the

only guy that showed up with charts. He was talking about the debt and the deficit and and uh you know he was a businessman. You can't just run a business like this forever. And we are seeing the results of these choices that we made back then today. And I believe that we would be uh far better off and much further along uh economically u if we had paid closer attention to this and not just kicked the can down the road. I still, you know, in studying history, the Roman Empire and such. What? For anybody out there that hasn't

seen Hidden Secrets of Money, watch episodes 9 and 10 of Hidden Secrets of Money if you want to see the parallels between the US and the Roman Empire. But um we're we're getting to a period of time where we've the Piper must be paid. Yeah, exactly. I agree completely. So yeah, um there is uh an update I want to share about the the likelihood of Elon starting a political party. U but first you have a quick announcement. You're going to be speaking at Limitless. So why don't you tell our viewers uh some

about that? So Limitless, you know, it's an investment conference and you're going going to hear from a huge variety uh of investors, but it's July 31st through August 2nd in Dallas, Texas. and uh I'll be there. Now, uh I was on an uh a investment summit cruise and there I was able to have dinner with everybody that came there uh to see me. This one there's going to be, you know, a few thousand people at. So, we can't go to dinner, but we we can definitely meet and talk. So, if you feel like coming to

see me live, uh I'll be at Limitless uh at the end of this month. Awesome. Thanks. And I hear that uh ticket prices increase in a stairstep fashion. So, uh yes, uh the first uh step up from now go is on the 5th of July, I believe. So, you may want to check that out before the 5th of July. And then there's a couple more steps before the actual event happens. Excellent. Yeah. So don't don't delay folks. Okay. So uh the odds that Elon Musk creates a new political party by December 31st jump to 46%

practically 50/50 practically a coin flip on poly market following his criticisms of the big beautiful bill. Musk says the American party will be formed if the BBB gets passed. Here are all his comments in the past 24 hours on the subject. Some of these we covered. If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat Republican uni party so that the people actually have a voice. Time for a new political party that actually cares about the people. They

just pretend to be two parties. It's just one uni party in reality. And 80% voted for a new party. And what he means by that 80% is actually a survey that Elon put out about a month ago, June 5th. And he asked, "Is it time to create a new political party in America that actually represents the 80% of people in the middle?" and 80% of people said yes. So, he's been thinking about this a while. Yeah. Isn't that interesting? That represents the 80% in the middle and 80% said yes, the ones in the

middle. So, that those uh the 20% that the 10% that are extreme right and the 10% that are extreme left that voted no. And I I actually agree. Uh but I do think that that one guy has a point and that it can split a vote and it tends to take away uh more votes from one party than the other and the result can be that uh the um party that you're actually most afraid of is the one that ends up uh winning. Uh but yeah, I I I've been practically embarrassed that this country keeps on electing the types

of people it does. Uh we I don't know. I don't What do you have to say about this tweet? Well, I agree with you. I'm also embarrassed at the people we keep electing. Um yeah, I think uh in theory, it would be lovely to have a political party that represented the 80% in the middle. Um there's of course a lot of disagreement among those 80%. But but again I think if you fix the money you fix so many of the problems in society. Yes. That's the most important thing. Yeah. Go back to money. Stop using just a

currency and use a currency that is also money. Uh and and that can be done. We really should do it. And that would fix all of these things to where uh this would you know it it wouldn't be the 80 the it wouldn't be the 20% that is actually getting to run things and 80% disagreeing that would flip and we wouldn't have this bifurcation of society that we've got today that um it leads to all the discontent and so on. Yes. Exactly. Exactly. So, uh, another twe tweet from Elon. They just pretend to be two

parties. In reality, it's just one uni party. And he's responding to a tweet from the rabbit hole here showing that debt under the Democrats has gone up and debt under the Republicans has gone up. And there's basically uh no one addressing this issue. Both parties just make it worse. Uh, yes. And I've seen this chart also expressed because this is uh whoever is the president. But I've seen this chart expressed with it gets a lot more complex to read. But whether you have a Democratic House and Senate or versus a

Republican House and Senate versus uh the whatever uh affiliation the president is and then split House and Senate versus uh whatever affiliation the president is. And so, um, it's it's very interesting. It doesn't seem to matter who you elect once they Oh, you know what? If you look if you see down, uh, at the end of Bill Clinton's era when they were claiming, they always claim that we had these surpluses during the end of the Clinton era, three years of surpluses. There's no year there

where it goes down. The national debt goes up. This has always been my definition of whether we have a deficit or a a surplus. A surplus is does the national debt go down? Because if we had a surplus, it would. And this chart here is just another example of no, that doesn't really exist. It's an accounting trick. Yep. Exactly. I completely agree. Uh, and yeah, I actually put a chart together like this uh a little while ago and I went back all the way to 1790. Wow. Like the numbers early on are so small

that they're only one pixel high and it really doesn't matter how much you stretch this chart. Um, the debt early on was in the millions and then the billions obviously the trillions now. And uh, you know, this dot right here, this is the creation of the Federal Reserve. This is when everything changed and started taking off like a hockey stick. Yeah. So, this is this is not about red versus blue. It's not about red versus blue. It's about gold versus green. What is the color of your money?

This is the exact same chart, but it's colorcoded based on the monetary system. And you can see here there is a pattern, whereas the red and blue doesn't have a pattern. So, creation of the Federal Reserve, Nixon abandons gold. And then here, this is where Elon is saying, we need a we need a political party that actually represents the people. I think we need a monetary system that constrains spending. So, right, it would more unify the people. The first blip that I see is about 1944 and that's when Brett when we ended the

gold exchange standard and went to the Bretton Woods standard. So you've got um before the Federal Reserve and then a phony bologoney fractional reserve gold standard called the gold exchange standard and then a sud it can't a fake gold standard the Brett and Woods system but then but it all of them constrained the amount of spending and then it goes crazy once we uh abandoned gold and became just a purely fiat currency. Yeah, it's shameful what has happened. Yep. Yes, it is. Yeah. And by the way,

it's not just federal debt. Like we can see this pattern in a lot of things like the trade balance, um, in tax rates, and we can also see it in CPI. So, I included that here. CPI, uh, consumer price index. If you color code it based on red and blue, there's there's no pattern. Obviously, like consumer prices are going to go up based on whoever the president is, who you know, whatever, you know, party controls Congress and so forth. What you might not be able to see is that there's a downward trend for

like 130 years. Prices very slowly went down on average and it spiked during wars, you know, like the Civil War and so forth. But generally prices go down and that's what the Federal Reserve is uh with the creation of the Federal Reserve is at one of the lowest points and it's lower than most of the preceding years. Exactly. The lowest point in American history, the cheapest that consumer prices ever were was 1913. Wow. Then we get the Federal Reserve and then it goes up. And one of their part

of their dual mandate is price stability. Price stability. trying to keep prices stable. Like, are you kidding me? And look, look how they've done. I mean, if this isn't like failing with flying colors, I don't know what is. So, anyways, you color they don't get fired. It's just like the politicians. It's just like the bankers that blew up the financial system back in 2008. None of them went to jail. I've I I've met people though that did did go to jail uh because of that crisis

except they like uh flipped a couple of homes and going with the banker's recommendation didn't fill something out on their application and they ended up in jail. It's crazy crazy world. It is. It really is. So yeah, um if we look at this clearly runaway prices, runaway debt, it's caused by the monetary system. It's not, you know, the two parties. It's not a lack of a third party. We just got to get sound money. So, however you get sound money, that's the way to do it.

You know, that's that's my takeaway, right? Um, so Trump uh truthd a couple days ago, for all costcutting Republicans, of which I am one, remember, you still have to get reelected. Don't go too crazy. We will make it all up times 10 with growth more than ever before. Okay. So, uh you know, I saw a tweet where like in 24 hours it was a list of all the threats that Trump made to different groups, people's c countries. Uh it was it it seemed pretty crazy. Uh but uh you know it started out with the

has threatened Elon Musk because of the tweets that Alon Musk does. Um this 10 times growth is almost impossible without Alon Musk. Uh currently the only hope that we've got of achieving that this this growth that's so much bigger than the increase that um you know we've already got the cost of uh financing uh uh to roll over the national debt and this last bill is going to add it. So we have to grow at a rate that is far greater than 5%. It's got to be like 8 10%. It's got to be the kind of growth

rates that China was uh showing. But they were coming out of the wreckage of communism where under Mao people didn't have indoor plumbing or or lights, you know, and so when you come out of that, your your growth can be very very high levels of growth. Um, the only way to do that with where we're at today is exactly what Elon Musk is trying to do with the Optimus robot and artificial intelligence combined. Robotics and intelligence can artificial intelligence can take care of this and uh and and

solve this problem. Although it'll end up creating a lot of other problems on the on the way. But um yeah, this so he's basically he ran for office saying he was going to fix all of these things. He's decided to make the problem worse. Uh he's telling his own party if you're uh going to cut costs and sort of live up to the promises that I made. Just remember one thing. You have to get reelected and you're not going to be able to get reelected. uh uh living up to these. Yeah. Yeah. I don't know. It's a crazy

world. It is. It is. And I want to uh I want to leave our viewers with with a quote here that Luke Groman provided us with in response to that tweet from Trump. We all know what to do. We just don't know how to get reelected after we've done it. True. Well, you know what? Donald Trump can't get reelected again. Uh so for him it's the final term. So he should just be trying to accomplish the things that are prudent that he he he promised and get our government back into line. He's trying

to the the what what's happening here with this big beautiful bill uh really looks more like somebody uh that is trying to buy votes than to do whatever is going to uh keep our country uh on a path uh that this kind of stuff just causes another big bubble that then causes another big crash. But either way, it causes gold and silver to rise. Absolutely. I agree completely. So, thank you, Mike, and thank you to all of our viewers for watching. Okay. Thank you, Alan. We'll see everybody later.