Central Bankers concerned over Rising wage Trends so in other words the average person is is making more and more money oh no the bankers are freaking out oh we can't have that that's GNA be bad for the economy I mean well think about it their job is to steal from the average person and give it to the wealthy and if the average person keeps up with everything I mean that just means that they got to work harder to steal [Music] more it's time once again for the weekly wrapup and I've got Alan hibd with me


once again Alan what have you got for me hey Mike uh I've put together a few things that I'm showing you for the first time and the theme is the American dream the American dream so I want to start with the number of the week which is 99 ah Maxwell Smart's assistant or actually sort of a spy partner yes okay exactly 99 well it's got a different meaning in this video and I'll tell you what it is uh in just a second you're too young for my reference though you don't remember the television series get


smart but no I've I've just heard references to it okay yes uh so anyways so our chart of the week this comes to us uh from Bloomberg and they're using Federal Reserve data that came out this week us household net worth falls on Lower stock Holdings so this year is a chart of uh the change in household net worth so each bar is the change in household net worth each quarter and generally it goes up from one quarter to another but you can see that most recently in Q3 we did have a a down quarter uh and this is uh


the third quarter decline was the biggest in a year so what when you look at this what do you see Mike uh well I see um I see that the chart doesn't go back far enough for me that's what I see I want to see this going all the way back to 2008 and have some real reference for comparison that's that's what I see I'm sort of disappointed in Bloomberg here for putting this is source is the Federal Reserve the data has to go back further than 2019 yeah that's how I feel on uh on almost every chart I look at


even if I have a hundred years of data I want 200 years of data yeah so anyways yeah um we can see the first quarter of 2020 uh in the pandemic that was a big down quarter and then actually two years in a row so eight quarters in a row of increasing household net worth and then two down quarters three up quarters and then we're down again um the S&P 500 I think was down about 4% in Q3 um and and as we know uh American households they own more stocks than they do precious metals so that that could be a


contributing factor here right yeah uh 70% of people do have absolutely can't remember have less than 1% uh it's have no precious metals exposure at all so yeah no exposure to real money exactly so anyways just a data point to keep in mind so okay so I want to keep moving here and show us the article of the week irony alert the American dream is only affordable overseas so so there is an inescapable irony in the American dream no longer being affordable in America for the majority of Americans definitions vary


of course but the American dream typically includes being able to obtain higher education a home a family a family Enterprise and some measure of ownership of assets that provide Financial Security on wages or salaries that are within reach of the bottom 80% of workers whe so put another way if the American dream is only affordable to those earning $250,000 a year and up or those who inherit family wealth it isn't the American dream so yeah what do you think Mike uh I think Charles is absolutely right here uh he's you know


um uh he's a great writer and I hadn't really looked at this but he's he absolutely nailed this uh and you know this is also some unique thought I don't see this coming from a whole bunch of other people this is he does uh Charles Hugh Smith does tend to come up with new original thought here and this is great he's he's absolutely right uh it's been priced out of people's grasp and it's a a byproduct of our evil monetary system yeah exactly and one of the lines that


really stood out to me is it seems taboo to say this but the American dream implicitly includes a goal of no debt no debt and I mean really since 1971 the US itself has been a debtor Nation instead of a creditor nation and very soon American families and individuals have followed from everything you know student loan debt Home Mortgage medical debt and so forth credit cards everything it's just de is getting out of control and we're going the wrong direction yeah yeah so I encourage everyone to check this out it's a great


article um and it relates uh to our headline of the week Biden wants to give 500,000 Americans money to buy homes well he can't give them money unless he's gonna like open up a precious metals mine uh he can only give them currency and uh when the government hands out currency to anyone it's stolen wealth that enslaves uh the government has to go we're spending more than our income and whatever that difference is can be made up two ways uh you can either sell a treasury bond to an investor in which


case it's dollars that already exist and they are willingly given up temporarily in a contract and then they're paid back out of taxes and uh the principal and interest is paid back out of taxes or they can do deficit spending uh and then the Federal Reserve can buy that debt there's $7 trillion roughly of what the Federal Reserve has purchased so 7 trillion dollars of brand new currency diluting the currency Supply stealing wealth from the other units of currency and transferring it to the


government so it so that somebody can give away free currency which is stolen wealth at the point of a gun uh to uh uh buy votes so it makes him sound very magnanimous so yeah you know when I read this headline I thought of two things um the first was going back to George Washington the first president of the country who I mean allegedly I wasn't around then but I've I've heard stories of him uh donating his own silver to the US Treasury to help fund government and this is what I thought of this is a a


very different uh way of using the government so well this is a the reverse Robin Hood uh thing uh you know there it's stealing from everybody to do this uh and you're also enslaving uh future Generations through the extra debt that the I mean wants to give 500,000 Americans currency to buy homes um did it say how much who's going to give each one of these 500,000 oh it's a it's a combination of programs um okay there's a there's a whole bunch of ways to to bring this about yeah yeah well 125


billion in development Revenue um there's some tax breaks uh things for firsttime home buyers so yeah there there's a lot of details here but it's not necessarily just like a cash layout Australia has done a lot of this in the past and it works for a little while until the day that it come all comes back to haunt you it comes back with a horrific correction that then everybody wants to blame on the free market when it was the free market being manipulated that caused the Warped economy that then


when the free market corrects the warp it happens very very suddenly and everybody uh gets very scared a lot of people lose their wealth uh it's it's the the government has no business doing this kind of crap to the economy that you know is going to cause so just tremendous damage in the future exactly yes that was act the the Australia real estate Fiasco was actually the second thing I thought of when I saw this headline so the first was George Washington the second was Australia I remember you pointed out you you wrote a


whole bunch about Australia there was a $7,000 program and then another $7,000 program for $14,000 and all that ended up happening was that the average price of homes went up by $7,000 and then $144,000 within the span of a year or two and the chart that shows that is just unbelievable was that in your first book or did that end up getting caught uh well it was in uh this book guide to I'm sorry the great gold and silver Rush of the 21st century but I don't know if we cut that section out or not you know


when people don't know that when you write a book at least for me um I wrote uh there was enough written to create maybe what four of these books maybe six uh so somewhere between 75% and and 80% of the book was cut and this is the 20 the juicy 20% that is left yeah well maybe we can make a separate video on the uh Australian real estate uh in the near future yeah so let me let me keep moving here let me bring us back to the number of the week it was 99 I want to tell you what that is it's


99% of Americans will be financially worse off than they were pre pandemic okay that that's in mid 2024 according to JP Morgan they're predicting that 99% of Americans will be worse off halfway through next year than they were just about three years ago halfway through next year now this is interesting because that would they could come up with a figure that says like 80 % or 90 or 94% are worse off right now and then there's just this few percent left that are going to be worse off in another you


know in six months or eight months from now right exactly yeah they say that most Americans have burned through the majority of excess savings um and and Elder Millennials face a particularly tough set of circumstances and they had a chart here kind of predicting this and I mean I I have some issues with this but basically they say all the different income groups are trending downwards having essentially um negative income but I don't I I think this is a little too bearish I don't know if I


would I would agree that 99% are going to be this bad off maybe 80% I mean if this war line comes up then the top 20% are okay I mean there's all kinds of things we you know it's got the top 1% in there and they're just projecting lower but as this goes lower the FED will uh do their pivot they'll reverse course they'll start uh cutting rates and they'll start uh qe5 and when they start doing QE there's a transfer of wealth from the bottom four lines to that Top Line there the top 1% will get


all the wealth that's stolen from the the uh bottom 99 or at least the bottom 90% uh uh loses when the Federal Reserve uh dilutes the currency Supply and steals that wealth that is stored in the currency Supply and then uh spends the brand new currency uh into the financial markets boosting them up and you uh showed stocks at the beginning uh so the people that have their wealth determined by their stock portfolio instead of uh you know the normal things that they're going to get wealthy at the expense of


everybody else and people will just uh you know look at it and say how did this guy magically get wealthy well you know I I would bet that uh uh Jeff Bezos Bill Gates that uh three quarters of their wealth was actually a wealth transfer you know they deserve the quarter that they made from working hard and doing uh new things but the rest of it is this transfer that the you know in the book we show I can't remember what the correlation was but it was incredibly High whenever the Federal Reserve does


QE if if the uh quantity of currency is inflated by 20% the value of the stock market goes up 20% it's somewhere between like 19.8 and uh 20.2 or something like that the correlation was I I think it was um it was it was north of 97% yeah it was either 97% 98 99 depending on the time period we looked at for the different qes it was darn close to 99 coincidentally but anyways yeah um just to keep moving here I want to remind everyone that that all these um all these stories we looked at today are


actually on the gold silver website um so the American dream is over and only affordable overseas you can check that out JP Morgan says 99% of Americans will be financially worse off by mid 2024 uh and a few others are on here they're they're really great uh this one was particularly interesting to me Central Bankers concerned over Rising wage Trends so in other words the average person is is making more and more money oh no the bankers are freaking out oh we can't have that that's going to be bad


for the economy I mean well think about it their job is to steal from the average person and give it to the wealthy and if the average person keeps up with everything I mean that just means that they got to work harder to steal more so the central Bankers have to work harder to steal more yeah because that is their job is to redistribute wealth and and they're uh the this whole thing is just such a the more you investigate it the more you learn about it the more you go oh my God how evil is this


yeah and it is incredibly evil it's we live in this uh this and and unless somebody spends a lot of their time studying this you don't really get it unless you want to read episode I mean chapter four of the great gold and silver Rush of the 21st century sorry to bring it back to the book but no you're you're absolutely right and you know if the book is too much for people you don't have that much time to read just go to our website scroll on here sign up for the newsletter you'll


get this stuff right in your inbox it'll just be a few minutes a day to read some of the most important stuff um so yeah definitely do that and while you're there you can get the product of the week which is the 1 oce American Silver Eagle Coin I've got one right here you can get it for as low as $30 is you know depending on the quantity it just feels good in your hand and the central Bankers can't take it away from you also it makes a great gift for the holidays I've given this to many friends and


family members even colleagues over the years you know when I first started doing it was around $20 now it's around $30 but it just feels good and in the past I've gotten gift certificates to you know restaurants and stores that have since gone out of business and those gift certificates expire worthless they're worth absolutely nothing this will always be worth something and it's a very affordable price point and it's a great way to get your loved ones into precious metals some of them might not


have any and another great gift by the way is Mike's book I can't help mention it and Mike I know you have an announcement about your book so what is that oh well um you know we had the Kindle version or the ebook version uh ready since I believe April and the audio book since May but with the problems that I had on Amazon and them taking away my browse nodes and all of the the just sheer hell that I went through with them because it was like dealing with the IRS every day uh but it has it that delayed the release of the


uh the Kindle and uh we still don't have the Audi book on there for some reason but the audiobook should be there within uh a week but it the ebook is there right now so yeah awesome yeah the website is ggsrp4 I will caution some readers it might seem technical but the rest of the book is not that technical so if you can handle chapter four you can handle the rest of it it's written in a way that's accessible for as many people as possible don't be intimidated by chapter 4 yeah read chapter three first uh that


one is written in the way the rest of the book is written and it's fun entertaining and short uh chapter 4 is the longest chapter and it's the hardest chapter in the book but the reason it's online is because um we're still working on it it's got things in it that have to be updated modified refined and uh uh so it's something that will evolve and um uh but if you want to understand a little bit about the Federal Reserve uh there's a little in chapter one but there's a whole lot more in chapter 4


and it really discusses some of the workings and that's the reason it seems Technical and the reason it's a little bit harder is because this evil monetary system is engineered to be difficult for anybody to understand uh I think it was John Kenneth galb that said that that um the modern monetary system uh is normally uh the complex complexity is used to reveal uh and here it is used to conceal it's it's complex onp purpose to try and conceal the inner workings of uh this wealth transfer that it creates


exactly so yeah so just a just a reminder ggsrp4 color um at $19 uh that's I'm just trying to get rid of the inventory right now because uh it was not a good decision to print all of these in color and then uh when Amazon uh basically made it almost impossible to sell the book uh by taking away the browse nodes and and all of the uh things that they they changed it to a it was a v can listed as a video game so you couldn't find it by searching through books uh if you searched through


the category of books it would eliminate this book from your search and it was that way for the two months right after the launch anyway uh so the Kindle is on there the audio uh version will the audio book will be up very shortly uh but uh the retail price on the book is uh 39 bucks but we've I'm just going to leave it at 19 and try and burn through the uh the inventory and then the color version will never be available again once it is gone wow so get it get it uh while you can folks and I want to end


with the meme of the week good morning hope you have a great day these puppies if this is if riding around with these puppies isn't the American dream I don't know what is smiling dogs yes right they know how to enjoy life exactly all right that's all I got for this week thanks Mike thanks everyone for watching thank you Alan hi I just wanted to tell you about gold Silver's 111 ounce silver giveaway where you can win win win one one one 1 o silver bar one 10 oz silver bar and one


100 o silver bar so enter today and win