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 foreign today we're going to talk about there's rate hikes that just happened and you know for a long time I've been saying owl is just going to keep raising rates until he breaks something at first I started pointing out how dangerous this was that was like eight months ago and then I started saying that they need to slow this down and then I was I knew like six months ago that uh this was just going to go on until he breaks something well he already broke something and then he raised rates again

and so uh this this rate rise that he's going through this is what caused the Silicon Valley Bank uh failure and the Silver Gate I think it was was a different story that was kryptos but that's very interesting uh it looks like it's another way of just targeting and weakening the crypto Market before they introduce a cbdc and uh we're going to talk about the D dollarization of the is going on right now around the globe and I've got a mystery guest with me today to talk about all of these things so Dan

do you want to say anything before we introduce the mystery guest yeah I think um did you want to talk about the right hikes first I can just I'll just bring up the Zero Hedge article I think would be the easiest way to do that so yeah rate hikes well the rate hikes um you know this is another uh oops I've got the wrong screen up so it's another 25 basis point rate hike but we've already been through the fastest rate hikes in history and I've pointed out that when you know uh Powell

is trying to do a Paul volcker but the FED is completely trapped and there is just nothing that they can do basically we're screwed uh they've put it put the entire economy into a corner and themselves into a corner by keeping rates too low and causing the biggest hyper bubbles in real estate and the stock markets and the bond market in history there's never been anything approaching this while at the same time our politicians keep on spending us into a hole that raised the debt to GDP levels over 125 percent now

when volcker raised rates back in 1979 1980 82 that range when he slammed rates up Suddenly that all happened in a rate in in an debt environment of 31 to 33 depending on the years you pick of debt to GDP so raising rates didn't cause this huge increase in the interest payments that we make every year on the national debt but this time around each small small rate increase now there are basically two every every week every I'm sorry every day every weekday there are basically two treasury auctions where they roll over

all of the debt the old treasury note bills notes and bonds come due and so they have to do a refinance just like a refi on our house this is a national refinance that happens every single day at a rate to where they roll over the entire debt every five and a quarter years I think it is now it used to be like uh four and three quarters years um and so in having to refinance the debt every single day when they're refinancing when rates when the Ed funds rate was uh 0.1 uh it wasn't much at all but with it

at uh now we are going to be between uh 4.5 and 4.75 I think was the range in this article that it was talking about and that is a dramatic balance in the the amount that we were paying was projected to be about 600 billion dollars per year before uh Powell started this now that is going to be going up to it's all it's already 850 billion but that's as of the projections from the uh quarter ending uh September 30th of last October October 30th of last year October 1st so September 30th the fiscal year we don't

have uh October November December in yet for that interest payment what that would expect to be expected to be so it's already over a trillion dollars a year that we are spending on interest and it's just going to keep on going higher because we are uh getting close we're right at the one year period now in this rate hike cycle most of those refinances that we've been doing are at uh one and a half two and a half three and a half percent and now we're going to be up at uh 4.75 4.75 to 5 is where

they think uh that the uh the there they may stop raising rates but it means that we're going to have a trillion and a half I don't know what it is I could try and project these things out but it's going to be huge trillion and a half maybe even a couple trillion dollars of interest payments per year a couple years out into the future so this is a trap the FED can't do this without breaking the United States you know the the budget of the United States uh they can't do this uh without breaking the

economy and that is the only way that they can get inflation under control is to break the economy so they are dead set on a path to Breaking the United States economy and that probably means more banking crises because as we sh as I showed in the last couple of videos or maybe that was uh the uh Wealthy on presentation there are 50 banks that are in worse condition than Silicon Valley and there are 500 Banks where their balance sheet is in where as bad or Worse condition but they've got their uh

interest rate exposure hedged so there's out of those five 500 Banks 50 of them though uh are in this worst condition so it'd be actually 450 of those bad balance sheet banks that uh do have their interest rate exposure hedge so they won't be the first ones that uh will fall with the continued rate hikes but expect more bad news in the future and with that I think that I want to bring on our mystery guest is that fine with you Dan yeah just uh I didn't mention this before we started Mike but

we were actually handed some top secret footage from the FED which showed how they came to the decision for the bailouts with silvergate and stuff like that so I'm just going to queue that up for you because it's pretty it's pretty interesting [Music] foreign [Music] excellent and with that we'll bring in our mystery guest and here he is hopefully his Mike's working hey yes how are you doing Jeff oh great uh great Mike it's great to be back with you I really missed you and uh

I guess we both have been busy with books but um yeah I've missed working with you so it's great to be back on here with you yeah you came out with Peter just before I came out with uh great gold and silver Rush so yeah how is Peter doing uh doing okay I think your sales are probably affected by sediment you know a little bit um yeah but I'm just you know and I don't have a physical book yet so I'm working with Amazon now to do that but it's basically a an e-book or a digital

download right now so but I'll tell you dealing with Amazon they have punished us every single day for you know this is a business model where you are in the afternoon what I want to hear Mike and so you've got your customers that are the retail customers that doing do the buying but if you're an intermediary you've got another customer and that is the seller I'm basically a customer of Amazon because I'd like to sell through them so I sign up for their service so I'm a customer on that end

this book was ready to go in November it didn't get launched until the end of February simply because Amazon just punished us they hit us over the head with a stick every single day suspending our account over and over again uh making it so that we can't ship to them they accidentally weighed uh two boxes at once twice and so we ship 100 identical boxes and they say two of them weighed exactly twice the weight of one and it was over the limits for their uh handlers which you know I can see that

the reason they've got those limits uh is to prevent injury but it caused them to shut down our account meaning Prime goes away meaning the cost of the book goes up close to fifty dollars hurting sales hurting our customers anybody that did pay uh it you know the shipping on the book uh and uh and we could and Meanwhile my cost when I'm using the outside fulfillment house is sixteen dollars a book to ship pickpack and ship every book and then now just three days ago they converted my book to a video game so if you're

searching I saw that for my book as a book it doesn't come up that if you search for it as a video game and we have been working every day multiple times per day to try and get this corrected and we get these uh stupid answers like uh this this has been escalated to their experts we've reviewed your suggestions and are unable to accept the suggested category browse node change for my uh ASN number such and such this product is assigned to the current category based on the detail page and how Amazon customers find

products through search and browse and this is like now the fifth time that we've told them no it's a book [Music] video game is the right way to have it listed it's a book well the real video game Mike in my opinion is what the FED is doing right and now investors are having to try to respond to it right so if anybody's out there looking for the book uh and it says video game it's it's a book it's not a video game oh the next thing up here is uh you know we've got the back in 2009 I started

giving uh presentations on the death of the global dollar standard and uh and I've been watching since then all of these things falling in place and they keep on and one of the things about something like this is pressure builds up for a long time it's just like s-curve technology adoption um uh starts off with the current technology and a new technology and then there it just suddenly uh makes a transition it speeds up and uh I think what we've been seeing in the past couple of years with the weaponization

of the dollar the way we have been using it as a weapon is now causing uh people countries around the world to actively seek a way around the US dollar and they're doing this every day they're trying to figure out how do we stop using dollars and since more dollars actually reside outside the US than inside the U.S this is dangerous and it's been a great privilege that we have had since 1941 being the world's Reserve currency we've abused this privilege and once it goes away there's no getting it

back and our standards of living will all fall if it does go away so uh the um so Xi Jinping the uh president of China says there are changes going on now that haven't happened for 100 years and we are moving these and we are moving these changes together I don't have my glasses on and Putin says I agree Xi Jinping says take care of yourself please dear friend and Putin says happy Road California got any comments on that and how it might affect gold in the future Jeff wow I had not seen that Mike that's

very interesting um that's real that's not a made-up that's not a meme nope and at the same time well not at the same time a little earlier um I've got a our RT article uh 25th of February so this was uh almost a month old but Iraq opts out of you he no Iraq Ops 4 Yuan settlement in trade with China and they are now uh doing direct deals using the Chinese Yuan instead of the US dollar as a go-between and so that has finally been set up and uh uh I mean it's just very and I think

this is one of the things that's going to cause eventually gold to just soar to the Moon um it's part of a uh the monetary reset right it's it's the monetary reset is is in part you know the US dollar no no longer being King no longer being the reserve currency of the world and if that happens man I mean the world may not end but it's going to feel like it and people are going to wish they owned a lot more gold um I bought three ounces of gold just like two or three weeks ago Mike when a

lot of this stuff started coming out in the cbdc news kind of was making headlines so um you know I have a meaningful amount already and I still bought more gold so I wish I could buy gold but the gold silver ratio just won't yeah how did I know that was coming yeah when it's this high I can only buy I just can't allow myself gold I only buy silver uh when it's down you know if it's between uh 50 and 70 I'm buying a mixture and Below 50 I buy only gold yeah and so I let it be my guide but you

know um so Jeff you you mentioned that you know you were sort of saying this is real it's actually real it is a real thing and I would add that it's you know they don't say things like that outside the building with cameras rolling for nothing it's the you know that that was as well right right there's always there's manipulation going on there's a reason behind there doing that and then there's a conspiracy behind the manipulation so it's all very interesting but Mike I

wanted to back up a second and comment on the the FED thing because it kind of ties into the dollar too um so let's say the FED raises uh you know another maybe one more time or two I don't know or no more times but from history go back to the 1950s and you average all this out the average time from the last fed rake hike to the First Fed rate cut is only five months wow on average from the 1950s five months that's it so let's say they do raise rates one more time that'd be what

the the May or June meeting uh I forget that when the next one is it's already been a year now right they started March of last no no from the last Fed rate hike not when they started but the last one so let's say they raised next month um on average five months later they would they could lower rates that's what the average has been if you average them all out yeah once it Peaks the top is five months and then yeah okay that means they could actually be lowering rates by the end of the year imagine

that and they very well could be because they're probably going to break something right continue this it has to break something in the economy because the entire Financial system runs on these short-term uh bills and notes the U.S treasury bills and notes are what's in the banking sector and and uh this is constantly being traded and with the exchange rates changing so so quick right thanks Dan yeah that was a good one from Peter but uh but you know what Mike they're already kind of slowly breaking

something they're already pulling the rubber band further and further and it's it's gonna break soon you know uh just from what you pointed out earlier the the interest rate costs I mean that's just one example of something that could really break the economy that that's completely unsustainable the the record Pace it's going and obviously it implies more QE too yeah one of the things I showed uh in I've shown it in one of these videos and I showed it in my Wealthy on presentation was uh the I

reviewed uh the crisis of 2008 and how it started it started out as 2007 with a bank failure and then there uh uh five months later there was the northern Rock uh Bank runs in England and then six months later there was uh Indie Mac slash Countrywide and then just three months after that there was the nationalization of Fannie Mae and Freddie Mac and a couple days after that was Lehman and a couple days after that one day after that was the bailout of iaig so it starts off as these big cracks developing and then the whole

thing crumbles at once right there's a domino effect going on right yeah right uh that yes is exactly what we're talking about uh so you know uh in the book uh you were the person that came up with all the data on the miners uh and how limited the that we used to strike these 50 million ounces every decade there was at least 150 million ounce Discovery and then the number of minors and Mining schools so tell us about how limited the future supply of gold uh could be because of all of these factors yeah

it's a it's a great Point um you know technology increases so that improves uh recoveries and things uh the higher gold price incentivizes more but you what you have offsetting that that is greater than that is that you're not finding these giant deposits anymore they really aren't um they're finding them increase in increasingly risky political jurisdictions uh the grades of them are not as good overall grades Global grades of gold are falling uh some of that's due to high grading but uh you know the

deposits they're finding aren't quite as Rich so technology really has to improve to to make these things you know economic yeah I believe they said that that every decade uh they used to find like two or more 50 million ounce deposits and since the beginning of this Century we've been lucky to find a 15 million ounce deposit right there's been no 50 there's not even close to that so right uh you know these big depositing giant deposits they're pretty much uh in Decline that eventually get developed into mines

in the future these are discoveries you're talking about and then tell us about the uh Engineers the Hard Rock miners uh that know the geologists what's what's happening with this yeah that's the point that a lot of people aren't really looking at it and you're gonna there's a lot of detail in your book about it but uh basically on stuff you wrote for me so yeah that that's basically that portion on on mining and mine Supply yeah I just want everybody to know that that's uh information I got

from you that you're my expert on that so yeah what what a lot of people aren't aware of is that a lot of geologists and and uh Executives mind Builders mind finders uh those kinds of people uh most of them are um let's say my age and your age so yes right right and and you know it takes a while to build up your career and I understand all that but there's not a lot of young people coming behind them to fill that Gap um uh enrollments in and Mining engineering schools are way down the

number of students attending the number of professors teaching it is actually in Decline so so there's a lot of factors like that that are going to keep that industry from being able to meet the demand that they need to so that's going to impact um you know gold as well so yeah I believe you said I'm trying to look it up here I shouldn't be doing this uh live but um uh what was the percentage of engineering graduates that were actually geology uh it was uh oh and I forget off the top of my head but

it it was dramatically lower uh yeah and this is information right from you know government statistics they they compile all this stuff so it's right from them they they tally all these numbers and and report on them so yes this is um it was uh that's the Geo the uh discoveries um and yet you go into you know uh why would someone go into mining when it's all you know dirty and and all that when you can go into some sexy new startup and just go there right so there's not a lot of new students coming into the

industry as well out of all of the uh engineering degrees that were issued uh in 2020 uh there were only zero point one six percent was uh mining engineers yeah all of the geologists that know what they're doing are right at the retirement age and they want to retire they're in their uh 60s and 70s and some of them are even in their 80s still out doing their truth not that they're either going to retire or die doing the job one or the other right and and there's nobody there to replace them so

we've we haven't found the deposits that we need there's nobody left there's nobody new coming into the field to find the deposits and if the deposit is found there's nobody in the field that knows how to get down there you know because you've gotta when you're uh prospecting you've got uh you've got a drill and prove out a uh claim and uh those uh results are all done by geologists and Where to drill is it the geologist is deciding all of this right oh yeah yeah

and then uh um and then there's engineering involved like I didn't know that mines have elect you know if it's an underground mine there's an electrical engineer whose specialty is mines providing power to the underground deposit that's right yeah every every uh aspect of mining is a specialty engineering problem and there's nobody training these people uh so when they all retire uh the whole mining industry is in for a supply demand shock just when everybody wants it and I think

that's what's coming up here oh so that's just another Factor that's going to impact you know gold and gold demand and the gold price so and a lot of people aren't aware of that so I think the book is going to be eye-opening for some people yeah so uh go to Jeff's site go to thegoldadvisor.com and and get his book paider all right we're going to get into some questions as of people sort of hanging out to excellent new things there's one about cbdc's here I'll just bring this

up and so there are rumors that central banks around the world issuing cbdcs which stands for criminal bureaucrat digital control and trying to punish those who have real properties such as gold and silver what do you think about this uh well uh I think that this does I don't know if they're actively punishing anybody that has gold and silver uh as yet but they're going to punish us for any activity they don't like uh cbdc's the the uh section in my book I think I call it an evil beyond all evil uh yeah

this is just uh the most horrible thing and then the FED is introducing fed now which is a digital wallet with instant settlement but it's not cbdc's it's just digits it's dollars but once you get on that system it's really easy to just switch the whole thing over to cbdc and they've they're claiming all of these benefits instant settlement you don't have to wait for the bank to do it all you know all of the you know instant party to party or party to business uh

settlement or bank to bank or whatever and so uh it's just all a smoke screen as getting you onboarded in to the evil beyond all evil yeah I did call it evil as well like in an interview I did and and the evil part of it is that if you don't do something they like um or do something you're not supposed to do you don't pay all your taxes in their opinion um there's so many reasons they could cut you off or maybe your social social credit score isn't high enough you know your carbon and credit thing is maybe

you're drinking too much Starbucks Mr Jiff yeah pretty much Starbucks wine I I you know one of the two maybe yeah I mean there's lots of reasons they could use to you know limit your activity control your activity reduce your availability of funds uh you know it it's uh well if you're not spending enough they can just uh slap a negative interest rate on your bank account if you notice 10 of your funds disappearing every year you're going to spend it before they take it all and so yeah they simulate the

economy by charging you so that you get rid of your cash right velocity picks up and the economy seems to get and here's another thing you know I went to a restaurant once um and I'll leave the place nameless but you know they they added this extra fee on it and I've been to this restaurant a number of times they added this extra fee it just showed up and it was no one informed me of it no one told me about it I wasn't unaware of it uh it wasn't advertised it just showed up and so what they'll do is

the same thing in your bank account yeah this new fee will just be taken automatically out of your bank account what was the fee for did they call it a service fee or what kind of fee was it uh I think it was for um uh like like uh some benefits program for the employees or something I I don't know and it's not that I don't want you know employees to have benefits you know or they just added it on you know this is part of all of The Nightmare tangled web of all of these laws and tax breaks

did you know that your server at a restaurant is on a special minimum wage that's like one-third of regular minimum wage they survive based on on their tips are what they survive on the uh actual you know the government has made it so that they have to have all of these tips to serve to be able to survive there's no way to survive yeah hey Mike here's a question I was asked I I'd like your opinion you know hey we own gold to be outside of the financial system but when we go to sell our gold if cbdc's are in

place our proceeds are going to be priced right back in cbdc so we're right back in the system so why should I own gold sure I had my answer to that but I'm curious what you how you would answer well uh yes and if that's the only alternative then what you do is you sell for the cbdc's and you buy something else real estate high yield uh you know a high dividend stock uh something that cash flows right away uh you use this uh next big up leg on gold and silver as a capital gain play you know to get out of the system

yeah I like it I don't really care about gold and silver what I care about is morality and honesty and we live in this uh deeply this this false uh the the whole monetary system is a fraud a Ponzi scheme a pyramid scheme and it's all designed to benefit the few at the top at the expense of the many uh it would be absolutely impossible for us to have the debt that we've got if we had been on an honest monetary system you know people keep on talking about the levels of debt debt to GDP and all that stuff

and how we can uh you know make the banking sector more stable and nobody is asking the question is this whole monetary system that we've gotten this system of banking is this moral or or is it completely wrong should we be doing this how did the U.S get 31 trillion dollars in debt how is the world you know Hong Kong Singapore and uh and um I can't remember the third country but in the book there's uh three countries that are over six years of debt to GDP uh we're at three and a half years debt to

GDP so Japan Hong Kong and Singapore are over six years of debt to GDP so everything that they produce for an entire year they owe six years worth of all the goods and services that they produce back to somebody uh and nobody is asking to whom who had these these trillions upon trillions upon trillions of wealth that they could loan us the answer is nobody had that it's the fraudulent banking system to whom are the people that we granted the power of counterfeiting currency into existence and made that

legal and so they get to ride at the expense of all of the rest of us they get to ride for free and what they're basically doing is stealing wealth the the amount of uh time that we work they're stealing wealth from us every second of every day and we just keep on buying into this thing uh you know this year they've the politicians have scheduled in the United States to spend 1.4 trillion dollars more than our income this year but they're planning on the income always going up which they

always do they know and then uh I've also shown in several videos and it was in my book in 20 the 2015 uh update of my first book uh the financialization of government up until the year 2000 tax revenues had nothing to do with the stock market but ever since the crash of the NASDAQ whenever the stock market goes down so do tax revenues yeah and so they are right this giant income this is they they always just extrapolate however the tax revenues have been going they extrapolate that infinitely out

into the future and then they base their spending on that so this 1.4 trillion dollar deficit is probably going to end up more like two and a half three and a half trillion uh Mike uh you don't think the fed or the treasury can confiscate our medals it Brinks uh well you know anytime somebody uses the word confiscate uh that's usually somebody trying to sell you a collector coin something that's overpriced where they can make a lot of profit on it the US government never confiscated uh gold

back in the 30s they nationalized it they requested that you go into any branch of the Federal Reserve System and they bought it from you at the current uh market rate for gold if they do nationalize gold again and make it illegal for Americans to own gold which I used to think wasn't likely but you know I've got this motto when I was a little kid I had a swimming pool and a friend came over that didn't know how to swim and at the minute that his feet could not touch the surface he pushed me under water and was holding me

underwater so that he could breathe and I came seconds of dying uh and so my motto is never swim near a drowning man and uh the the the U.S and the Federal Reserve will be drowning at one point and they so it is possible that they could nationalize gold one day will they do it at twenty five hundred dollars an ounce four thousand dollars an ounce five thousand dollars an ounce ten thousand dollars an ounce I don't know but at that point it's best to not become a criminal uh sell it to them which will be what they

will be requesting you to do so they're going to walk it with what they would probably do if the free market price of gold is soaring and it's at at seven thousand dollars an ounce they will make eight thousand or ten thousand dollars the price of gold and they will buy it from everyone and then we will be back on some sort of gold standard uh probably a fraudulent one again this is the reason I say a gold standard gold is great but gold standards suck gold standards have always been fractional

Reserve schemes that are just a bunch of voodoo and they're going to give you promises to pay gold and so um uh that's my answer to that question you got anything to add to that Jeff I would just say you know uh we're not Gold's not part of the monetary system today like it was back then and that's a good distinction between right uh nationalizing and confiscating um yeah it's so funny it's it's an investment now we've got current right I I think it would have to be priced much

higher for them to actually want to confiscate it because even at a much higher gold price it's not going to make much of a dent in the uh uh uh debt you know for them to use they don't exist outside the United States and the U.S suddenly declared gold illegal and told citizens that it that they have to turn it all over again and they'll buy it yeah even if they're buying it from them what's going to happen to the dollar with all when the rest of the World Hears the news that uh

the U.S has just made gold illegal I believe that every trading house all across the world will get on the on the computers in the phone instantly and say uh uh dump all of our dollars and buy gold and what you'll see is gold's price soar and the dollar die so yeah it's their best interest to say who cares if they make it illegal they won't know because a lot of people own gold privately which is they're doing things that you can hold outside the system with no one else knowing about it

yes and if you make small purchases with it you could get by without uh ending up in jail I still think stay on the right side of the law I don't encourage anybody to go against whatever the law is I mean uh uh it's they they don't know that if you try to buy a house or a car or a ho if suddenly you're able to buy a whole bunch of uh High dividend yield stocks uh if suddenly a whole bunch of Investments spring out of nowhere they're going to want to know where that came from did you sell your

gold to somebody for cash uh in in small increments you could probably get by with it but I don't encourage people to try to skirt the law in any uh sense I'm extremely high profile because of my profession and so for me especially I mean I have to be very very careful with Taxation and with uh the law gold and silver so there was one other question that came in right which I can't find but it was which episode of hidden secrets of money should people watch which one's more pertinent today as to what's going on

with um the FED these rate hikes banks for bank failures wow because there have been uh several of them but uh episodes one difference between currency and money uh episode four how currency is created however there is a uh a uh point in there there's part of it is wrong and we are not able to put up a banner anymore saying correction this section is wrong but the reason it's wrong is because every textbook was lying to us uh even the bundesbank their Museum had exactly my definition of and

Milton Friedman thought that this was correct too this definition of fractional Reserve lending where you give them 100 bucks they keep 10 in your account loan out 90. and then if that person deposits in a different bank that happens again and ten dollars can create a thousand that is wrong Banks do not lend anything that exists when you give them a hundred bucks uh you're loaning it to them they put it on their books basically as a loan it's a liability that they owe you back and then they'll

invest it in treasury bonds or mortgage-backed Securities and then when they make a loan that's based on the collateral you bring in you bring a house you say I want to borrow a million dollars to buy this house they look at the house they go oh that's worth a little more than a million so yes that's a good loan they look at you to see if your credit if you're you're good at paying things back and then they imagine a million dollars of new currency and they type it into your checking account

so it's all imaginary so the good news is it's worse huh the good news is it's worse than what we were saying right so that portion in that episode is incorrect so uh just know that we're trying to figure out a way to correct that without losing 10 million views because that's my most popular video we don't want to lose 10 million views but we would like to make a correction we'll make a direction we're going to put a link up so a link will show up those info cards and then

you can visit a site and then you can watch the the new section of it which will be like 20 seconds long but basically it'll be just what Mike said it's worse than what we were showing in the video Yeah well and then I think it's episode seven Mike where you I like episode seven a lot because that's kind of the Fallout of what you're talking about I think I agree episode seven is the one that people want to watch that's the one that is uh um yeah that's the one is that is what is happening today

uh yeah I think that's the one that has Trump on the front Dan uh is trying to find it the other day Bernanke and yelling uh investing oh okay okay yeah and it's got a big number seven just in case you get yeah but five I'm also extremely proud of the job that everybody did on that and then uh eight nine and if cryptocurrencies are potentially another Safe Haven we've never seen them in an extreme crisis yet so we don't know exactly what they're going to I'm pretty good the last couple

of weeks when you yes that would have been through this and they yeah but we don't know how they're constructed and what they are how they work that's probably the best video on the internet for that uh but these are beautiful masterpieces by Dan Aiden and Lincoln Aiden and Lincoln are the animators and they are worth putting on a big screen they're like an hour long put them on a big screen open a bottle of wine and make a bowl of popcorn these are great uh and and thanks and then uh the same thing goes for uh

nine and ten uh as far as production quality goes I think those are our masterpieces I I really think the video team Dan Aiden and Lincoln did a phenomenal job thank you but you're the one who you're the one who makes it all Mike so I say the words and then these beautiful begs the questions the next hidden secrets of mine hamster people are wondering that so uh somewhere says he still watches uh secrets of money all over again at least once a year I thank you very much uh that and then you know

I'm sure that you also recommend it to other people so if if anybody that's watched these could recommend them to other people that really helps too um and we're going to try we've got some videos coming up very shortly that are these big animated things that are going to be long-lived it's like these videos that we do weekly uh this is like sticking something in a 200 mile an hour wind and it's gone that's the internet uh the book hidden secret money these things persist year after year after

year and they continue getting View news and I thank everybody out there that helps us with that by recommending them to their friends and I think I know what you're talking about what's coming and I I've seen a preview of that and if it's that it's going to be fantastic I've never seen uh you know give anything away but I've never seen uh the system described the way before Mike it it's awesome that's the big problem but there's uh there's another one that's on gold and

uh what was there's something special and then what was the other one Dan about we've got two well there's there's one called something well working title is something special and that's that's actually showing people how gold is actually formed because the the science the set you know science has never settled but the science on this one has changed about about five years ago it was after in episode one we mentioned how gold is formed when a killing over or sorry when a supernova explodes and

that's where you get the heavy elements and everything but it actually turns out once again it's even it's it's even better it's when that actually go into rotation around each other and that is the rarest of rare things to happen and that's what creates gold and a lot of the heavier elements and that's what's responsible for everything so you know that's the that is the universe's version of Bitcoin mining is supernovas running into each other these things I just need

to let everybody know that some of these things take years to produce episode four was something that took I don't know a year and a half or two years to to create and we're working on uh several other videos and so uh this one has been something that we've worked on and then something else becomes more important you come back to it and it's been uh years in production and and then there's another one we can verify that with uh different projects we we actually had the new video series

on pretty pretty well on the way we've animated two of the three episodes they do need to be refined but you're talking about yeah I've got something and then working on for a decade coming out it's in three parts yeah it's wow this is about economics and it's fun right economic uh thinking but it ties in but ultimately why gold is real money too yes it does yeah but yeah then we've got the feeling that something was going to be breaking in the markets and it was best to get Mike's book out so we all

went nuts on getting this book over the line and we've finally done that so now we're just doing a pivot so to speak uh back to the the bigger projects which are which are just as important as the book but they probably um more urgent these videos are much more important actually right and right in the big well I can personally attest that it takes a long time to produce these things after writing a book it took you know off and on about two and a half years you know and by the way for those who don't know

it was Dan rubach who pushed me to do this and it was also Dan who came up with the title of the book so I'm very grateful that he's in the acknowledgment so thank you Dan I think you did it's a good book I'll let everybody know too that Jeff was a big contributor to this so yeah yeah that was fun that was cool I've got one more question here Mike how can someone from overseas become a goldsilver.com Insider I know we used to be able to do it I'm not sure what the current system is so what can they do

all you have to do is open up a storage account and it takes 10 ounces of gold yeah ounces of silver and you become an Insider and I'm currently back testing 23 uh different indicators looking for the best ones that flash buy signals because a few of them that I tripped over oh man it's they it's some of them can indicate the month and then another one indicates the week and another one can indicate the the day of met but it won't be exactly the same as last time so there's got to be these things have to be used

in conjunction with like the Dow gold ratio the gold real estate ratio uh the uh gold silver ratio uh the M2 currency Supply gold ratio all of these different indicators uh you need a fundamental set of indicators a set of indicators that flash this sell signal with a confirming set of indicators and so I'm trying to put that together right now hopefully in the future we have something called The Insider's dashboard and uh yeah see how long that takes but I've actually been working on this for

years but it gets put on the back burner when we're pretty certain the day is not getting close when we need to develop the strategy for sales but what I'm planning is trying to sell 20 chunks 20 and then 20 of the remainder 20 of the remainder so you always have something remaining and trying to catch the top the peak of this and sell around it in chunks we'll just take it yeah sorry um answer that I'll um I'll put this up on the screen and you can go into this when you're ready Jeff

[Music] yeah maybe looking at well these words be start being grabbed up by the majors absolutely yeah I've talked about this in in other places and I do think M A is going to pick up in the industry and I'm not the only one saying that by the way a lot of other analysts newsletter writers are are saying the same thing it kind of has to so yeah um you know agniko Eagle is one of the most well respected companies in the business well let's say they discover a 2 million uh ounce deposit on their

property well uh that's good right uh no because they produce 3.1 million ounces the year before it doesn't even replace what they have uh what they produce what they lost much less you know growth so there's gonna have to be more M A in the sector a lot of people are expecting this for the Explorers they're gonna have to have something of value there's going to be a reason why um either a a small junior or a mid-tier or a major would want to pick it up um some of the majors I will tell you

are are waiting until the asset is a little more developed and and closer to production so that would be a hindrance against a Explorer um there are exception to that of course but with explorers you're really you're investing there not because of a potential m a takeout but because of what the company may find so uh but absolutely to answer your question M A is going to pick up yeah M A's are basically if you've got a junior or an Explorer and it gets bought out by a major you just got invested in that

major Mining Company stock at an extreme discount Pennies on the dollar zone right you end up yeah I mean I implore that you bought gets acquired by say Newmont right in that you'll end up with some new month stock at a price where you practically paid nothing for this yeah major sound producer that you know yeah and then the question is do you want a whole new one or do you want to sell it and and buy you know 10 other Explorers so sure um and sometimes the settlement is for cash not for share so when sometimes

it's a mix so it depends on how the the the purchase actually occurs but uh it's going to be an exciting time you know I I think it's going to be very exciting over the next couple years yeah the especially the junior Explorer uh Arena okay here's a question does anyone have concerns that the government will backdoor restrict crypto access by shutting down the exchanges so it couldn't be liquidated the SEC is coming after coinbase now with a Wells notice there's been a lot of stuff happening

with coinbase and and I mean these banks that just had the problems were all crypto Banks and you know there's a good there's a case to be made to say that that's a targeted attack on this actual yes and it comes right on the heels of uh what what was the guy's name with the that where the exchange went under and same thing been freed fried yes right thank you thank you and there is a Chris Martinson video that I would suggest that everybody watch on that the tie-in with the government that that family had it

almost looks like this was something that was done on purpose that he was he was uh basically a sacrificial lamb to really uh put a dent in the whole crypto space then we have these Bank things happening and that's the reason that I think anybody that has crypto should have both gold and crypto because they want to get us into cbdc's all they need to do is have a couple of more of these disasters in the crypto space cbdc which they're onboarding everybody right now through this uh fed now uh

payment system that isn't uh cbdc but it's digits and it's it's in a digital wallet and so you've got it in your cell phone that's an onboarding for just suddenly pulling the rug out from any everybody from out from under everybody suddenly everything in your fed now account is uh cbdc instead of you know one day you wake up and you've been right converted you're in right uh your own uh imprisonment the your own your own you've bought your way into your own enslavement and um

Mike we're coming up on an hour here so I'm gonna bring up one more question and then we'll finish with a meme and call it a night I'd like to ask everyone to click the overlord pleasing thumbs up and the Subscribe button and the bell and all that stuff um yeah that's something I never do I'm not good at asking for the the uh we've got to be digital Beggars but [Music] you know throw logs on the fire of that algorithm whenever we can unfortunately there'll be you know hopefully there'll

be a day in the not too distant future where things like YouTube Twitter all this stuff is running on something completely decentralized how it works and there's no one where you know the market of ideas works and good stuff Rises to the top and crappy things float back down to the bottom of the ocean where they belong and there's a anyway I'm digressing I'm a producer okay where was it I think it was this one Mike do you still believe that the final blow in the dollar is going to be

deflation or have your views shifted towards hyperinflation well actually well I mean what has happened to right now we're in what I used to call in deflation it's inflation and deflation happening at the same time uh the stock markets people have the uh wrong concept of the words inflation and deflation inflation used to be an expansion of the currency Supply and that's what everybody called inflation but then the government wanted to get people off that the Federal Reserve wanted to get people off that

they started measuring retail prices of certain goods and services and uh and it's it's like misdirecting people when a magician wants to do a trick uh he he does misdirection so you don't see what's actually going on uh by doing that people are paying attention to the price of milk and beef and gasoline well in the course Epi you don't even pay attention to gasoline but uh uh my measurement of inflation I called cup inflation cup it's currency units per person it's really the only thing that

counts because during that whole period where the government was claiming we couldn't reach two percent you know the the Bureau of Labor Labor Statistics was claiming we were having trouble reaching two percent inflation when Ben Bernanke was trying to Target this on the CPI look at the inflation that happened in the stock markets and in savings accounts and real estate it was huge cup inflation is based on the premise that every dollar created must go somewhere period it has to end up in somebody's

account or invested in real estate or stocks or something and it goes back to watching the inflation of the currency Supply so it's the currency Supply divided by the population it's that simple um so uh the final blow will be deflation take a look at what is happening right now that the M2 currency Supply is shrinking the uh the peak in the stock market was in the last day of 2021 uh the peak in real estate real estate has rolled over and is collapsing yes some retail goods are still going up

but when the FED does break things you're going to see a sudden deflation in uh in retail prices when they break the economy and velocity slows down especially with quantity shrinking if quantity is shrinking and velocity slows down you're going to see this sudden Plunge in retail prices and then everybody will feel the deflation that is already going on because if the currency Supply is deflating and you're seeing it reflected in asset prices then there is deflation but it's have it's

happening during this period that I've I used to talk about a lot called in deflation so there's certain goods and services that lag certain certain ones that run like when the FED buys something and created QE they have to buy a financial asset they can't go and buy gasoline and groceries they have to buy U.S treasuries or mortgage-backed Superior Securities it has to be something government guaranteed and when they do that the funds of these dollars that they create go directly into this into the financial

sector so it pumps up the stock market in the bond market and that was what inflated during this period of time and then if the FED wants to stimulate and keep interest rates low what does that affect it affects real estate so what we saw was inflation in those sectors but no inflation in the retail sector because all of the trillions upon trillions of dollars they were creating weren't going to buy groceries and gasoline until we started sending parts of those trillions out directly as checks to Consumers that Lit the fuse of

retail inflation and so that's my answer to that we are at one hour yeah there's just one question which popped up which we can answer very quickly and it is something that other people can benefit from and then I will throw up a meme before before we go to that after the deflation they are going to panic and they will inflate the currency Supply again and it may shift toward something like hyperinflation or even hyperinflation but in digital if if we're trapped in a central bank digital

currency then they can keep you in it uh much longer than people would normally abandon the local currency [Music] yeah in episode six sort of deals with that roller coaster but when we made that there was no inkling of of us being in a digital prison yeah in episode nine of hidden secrets of money that was uh when we couldn't achieve inflation it was all about inflation and price controls yeah yeah okay so last one uh I bought both Mike's books what other book would you suggest us to read and

the good news there is that we made a video um I think it was 11 or 12 years ago where Mike actually I was at Mike's house and we we had that question so often that we actually filmed Mike going through his bookshelf and it was awesome we had we had to split it into two videos because back then YouTube I think the time limit on YouTube was was 15 minutes it might have been 10. I can't remember um but yeah there's two books where Mike will take you through his Bookshop you need to search for I think it's if you

search for Mike's name and reading list and it'll it'll show up as two separate videos the other one that I would recommend today is uh Logan Rose's uh the most dangerous superstition it's a great book huh I've not read that it's one of the best books I've read everybody one thing doesn't take long to read either if you like freedom and you sort of lean towards a Libertarian ideal of you know leave me alone and I'll leave you alone and being self-responsible if

you're a self-responsible person and you're not willing to delegate uh all of the things that you should be responsible for yourself in life most people want to vote their uh rights away uh vote uh to have somebody else make their decisions that'll be safe uh if you're not one of those people then you will like this book if you like freedom and liberty and self-responsibility good to know thank you Mike just putting his name up on uh superstition okay I am gonna find our final meme and

then uh and then we're done sorry I'm a bit slow doing this I can I'm running into it we're all learning this new uh program here for the live streaming so uh we'll get there yeah here we go I found it okay so here is our meme for today [Music] can you read that Mike uh yeah just barely like uh it is pretty low for me because I'm uh yeah they're going to hedge fund and his hedge fund specializes in highly complex derivatives and exotic financial instruments for discriminating investors

and he's on the phone just yelling buy gold that's the one thing I love I love about gold is it's so simple you invested in stocks and you get all this paperwork voting and all this stuff you invest in uh uh in apartment buildings and you there's trouble that comes along with that gold you just buy it and you own it bam you're done right hey did you guys see the news today from Credit Suisse that you know what's been happening with them they're imploding yeah companies in

Jeopardy but two of their analysts their strategist just came out and said uh they recommend buying gold and that the gold price is probably going to new record highs this year I thought how ironic is that coming from credit Suites of all of all places debit Suites okay right so all right it's going off here thanks everyone hit the like button subscribe do all the digital stuff and uh we'll see you later Mike bye Jeff thanks Jeff great to see you Mike and Dan thanks thanks for watching but this is

by no means the whole story if you want the full story including my free online only chapters and companion videos there's a wealth of information at ggsr21.com thanks