there's so much to talk about today we're going to try and get to all of it but we're going to start off with the slow clap to the Congressional budget office and that sounds really boring I know it's absolutely not that wait till we get to that and also in this video we also have to touch on a few things I want to show you in the headlines of the news interpret them for you we have to talk about a true Black Swan event a really unique thing that just happened on one of the charts of one of the gold


mining stocks we follow we're talk about the gold to Silver ratio speaking of which and a bunch of other Financial headlines that just happened Iran's president rahisi is dead that just happened in the helicopter crash that you've heard about I wanted to call out this article because it's a perfect example of a Black Swan event so many people have a misunderstanding what a Black Swan event actually is they'll talk about well maybe this could be a Black Swan event what about the debt for


example it's not a Black Swan because it's not surprising anybody the helicopter crash which is going to actually set off a lot of Ripple if effects all over the Middle East and the whole world had a big impact and it was unexpected it was a total true black one event good example of that and I promise you I'd tell you what we did on Thursday Thursday we released the selection at a11 of sphere 3D and they're already over $150 that was Thursday fed Governor Waller wants several months of good


inflation Data before lowering rates I would encourage you to put all of this out of your mind there's always different opinions that keep saying things trying to lead you this way lead you that way ignore all of it put it all out of your mind just know the eventual end result that there will be lower rates they will lower rates either this month or 3 months from now but you know that rates are coming down and a lot of times when everyone widely knows something they position ahead of time to


try and make good decisions good profits so if you're all expecting the rates to come down and a lot of people think that means that gold prices will go higher and the Dollar's value will come down then people act on that ahead of time so rates are going to come down that makes gold prices go higher I should invest in gold but the thing is the people who make the most money from are the ones that get involved way ahead of the game who are Upstream like you guys you should already be invested in some of


these gold mining companies if you're not it's not too late for a few of them and there's plenty of New Opportunities just like what happened on Thursday I told you about and in the last video I did talking about opportunities what's going to show up and how to take advantage of them there's always good opportunities in whatever environment or Market or situation you are in you can always turn a few hundred into a few thousand relatively easily that's what I'm helping some of you do and I want to


talk about the one month Newmont chart Newmont mining I want to show you something here is where we're talking about how prices of gold and precious medals were higher and so then when they reported their financials then the results of those higher prices would factor into their earnings into their revenues and it did exactly what I told you was going to do about a month ahead of time and then look what happened though this is very curious very rare very interesting every single days trading after that was within the range


of the big update when they got the new Financial reality so all the trading happened between the low of that day the high of that day and certainly among the intraday low and high of the day until two days ago and yesterday and it's down a little bit today but that means something if it broke out of that new Range this could be the new floor that's what often happens when a chart sets up like this small clap goes to the Congressional budget office not as boring as as it sounds listen to this


you guys already knew how long have we been talking about all of this and they're finally figuring it out and you already all knew about this and now they're acting like oh what a surprise we saw the problem for the first time it's been a long time since any major media has noticed any of this commotion and these problems that I've been telling you guys about for so long so I so glad to see this article but check this out CNBC soaring debt and deficits causing worry about threats to the economy and


markets the federal IOU is now at 34.5 trillion or about 11 trillion higher than where it stood in March 2020 chatter has spilled on the government and finance heavyweights and has one prominent Wall Street firm wondering if costs associated with the debt pose a risk to the stock market rally I'd say that it poses more than a risk to the stock market rally it poses a risk to our entire quality of life this entire economy and now that they're finally seeing what I've been telling them was


coming for so long now people are going to realize that they say the first thing to deal with a problem is to identify that you have a problem so now we're at that phase but the problem is it could have been fixed a couple of decades ago by Draconian measures and all the stuff that I'm talking about that we should do now even if we do it now it won't really get us out of this predicament you'll see what I mean as more and more people start recognizing this and then saying okay what are we


going to do about it too late sorry folks the CBO estimates that's the Congressional budget office the debt held in the public compared to GDP will rise to quote an amount greater than any point in the nation's history stop right there I got to pause right there of course they say that it's always going to be a minute from now the debt will be greater a week from now greater and they're talking about oh I could get to to the point where it would be the greatest that's ever been well at that


point it will be and the next day it'll be the greatest that's ever been and the next day the greatest that's ever been it just grows what's the point of that comment who is paying these guys for their expert analysis Fed chair Jerome Powell said recently that this is something that elected people need to get their arms around sooner rather than later that is called sidest stepping the blame Shifting the blame pointing the finger that is insane he's saying that politicians need to what tell him to not


make all these mistakes it's their fault cuz they have to get their arms around this sooner rather than later because it's a big problem and what you did nothing about it this whole time Jerome Powell you're letting everybody down here's some charts from the article total US debt held by public as a percentage of GDP these charts are pretty self-explanatory this one is us total deficit as a percentage of GDP and finally we're going to end with total us deficit now take a look at 2020 and 2021


back in the days of pelaton and social distancing and Border closures that was a lot of stimulus payments that went out exacerbating the insane inflation that we're going to be facing coming up as their customers age Macy's calls and Nordstrom are chasing younger Shoppers I just wanted to include that because I just don't care much for that phrasing this is from mining.com the average gold to silver price ratio during the 20th century was 47 over the past 20 years the ratio has averaged around 60 I've


told you guys that very long term the ratio is actually lower than that it's more like 45 to 50 but people say it wrong they say it's the gold to Silver ratio but really you're comparing silver to gold how many ounces of silver does it take to BU 1 ounce of gold it was as high as 88 recently you'll see in this chart that it's actually come down to 75 a little bit more sustainable maybe but it's still going to always come down and you're seeing that silver prices are rising more on a percentage basis than


gold and that's helping the silver to gold ratio I don't want to confuse you so call the gold and silver ratio it helps it normalize silver will always outperform gold on a percentage basis on average over time until the silver to gold ratio is more like 50 the ratio is most useful at its extremes when the ratio topped 80 it is signal a time when silver was relatively inexpensive relative to gold silver went on to Rally 40% 300% and 400% the last three times this happened and the rally this time


will be a lot more than Target lowering prices on 5,000 frequently bought items the company said in a statement that the price cuts are concentrated in grocery Staples like milk meat bread fruit fruit and vegetables as well as paper towels and diapers it had already cut prices on some 1500 other items that's just a great example of some more anti-inflationary or deflationary forces as inflation fell the price that you're paying for groceries was still higher and everybody saw that and now it's


finally starting to come down not just with what Target's doing but overall grocery inflation has started to be coming down enough that you'll start noticing it I want to clarify something I said before I always tell you I pinpoint invest rather than diversify I don't like to diversify because then you get a bit of what everybody else is getting I look for what I think is going to be the best investment and then I focus on that so I bought gold but I didn't just buy one Gold stock or two


gold stocks I bought a whole bunch I Diversified within the concept same with I think that oil and gas is going to do well I diversify within that concept but I don't diversify just buying a little bit of everything Red Lobster filed chapter 11 bankruptcy and it's reminding me it's just another in the long line I'm not going to try and make a big list of all these companies are going bankrupt there's a lot of them there's a lot of financial hardships right now I told you


about the default Deluge and the tsunami of delinquencies right now even on people's auto loans there's a lot of delinquencies there but this article reminded me to tell you a warning about bankrupt shares because even after bankruptcy the shares will still trade for weeks or months and people say well GM went bankrupt and there's still GM cars around people are always going to be buying cars so obviously GM is worth a lot and it's trading at bankruptcy level so they're trading at pennies of


share so you think you're a good investor by buying those shares but you're not buying into GM shares you're buying the old shares there's no angle here to make money from this a lot of people get burned you could get lucky I'm sure you can make a few bucks but almost certainly not you're buying the old company shares not the new company shares they've made a new batch of shares that that's what the new GM stock is so if you go and buy a bankrupt company like Red Lobster there is no out


these shares will eventually become worthless did you guys know that you could get direct contact with me by email ask me anything you want and also get the Peter Leeds Insider exclusive newsletter which comes out once a month where I talk about whatever I want to talk about you can get all that for as low as $3 a month if you become a Peter leads Insider just go to Peter leads.com insiders and you can join up today