Hi, it's Mike and Allan once again with the Gold Silver Show. Alan, what have you got for us today? Hey, Mike. Yes. So, here comes socialism. A lot of people are concerned about the new mayor that was elected a couple weeks ago in New York City. People are still been out of shape. But my point is, you shouldn't be concerned about the socialism that might be coming. You should be concerned with the socialism that's already here. So I want to take a look at some of the policies that we have in place already


in America on a national level and sort of put things into perspective and see how we might solve this problem. So the first tweet we have here Jason Howton says he's got a quote from Donnie here. We will prove that there is no problem too large for government to solve and no concern too small for it to care about. Genuinely one of the most horrifying quotes I've ever heard from a politician. So yeah, this sort of embodies a lot of people who are really been out of shape about the new mayor.


>> Right. And now the po part part that I want to point out uh is that and no concern too small for government to care about. So you showed me a couple of these frames before we started. What's the next frame? >> Yeah, it's actually the same one but posted by Thomas Saul. >> Thomas Saul. He is absolutely my favorite living economist. There is nobody better than Thomas Saul. Uh and what amazes me here is that he missed the second half of this quote because that is the no concern too small to for


the government not to care about. That means they're going to intrude into your life with everything. Uh no problem too large. Those are the things that people typically want government to try and take. You know, most of the socialist population uh wants government to take care of this and take care of that instead of the free letting allowing the free market to figure out how to do it. But uh that thing of no problem too small means the government in New York is going to be involved. They're going


to be deeply involved in everybody's life. And it's that that is a horrible thing. That's what happened. That's the USSR. That's China under Mao. So, okay. >> Yeah. Yeah. Central planning never works in the long run. So, by the way, in fairness to Thomas Saul, this is not his personal Twitter account. This is someone else running it. So, he's not Thomas, but he shares quotes and and other things that are inspired by him. So, >> excellent. >> Yeah. Just just just a little context


there. So, one other quote from Mam Dami earlier in in uh his Twitter life here. Um, basically taxation isn't theft, capitalism is. So, I think this is completely backwards. Obviously, he's he's turning it around for for uh rhetoric and for flare. But to me, this is absolutely backwards. Capitalism is freedom. You don't have to do anything unless you want to do it. And taxation is extortion. You have to do it under penalty of physical violence. So, >> that's theft. violence or incarceration


or both. Right. >> Exactly. >> And capitalism is a voluntary exchange and it's where all prosperity comes from. So basically he's calling for the end of prosperity and uh saying that taxation isn't theft. So you got to get rid of capitalism and you got to tax the hell out of anybody that has anything left after you get rid of capitalism, which is pretty much impossible. You know, even in the uh USSR, capitalism springs up. It's called the black market. Illegal capitalism, right?


>> Yeah. >> Exactly. So, just to sum it all up here, socialism is resentment disguised as compassion enforced by tyranny disguised as tolerance. >> So, absolutely true. >> Yeah, I think that's uh that's really well phrased there. I like that a lot. So um just to put things in perspective, I know this is a little bit reductionist. It's a little simplistic, but I think it sort of illustrates the point. If we look at socialism or capitalism as extremes, what they look


like is socialism is ownership and control of productive resources you in a centralized way either by the state or by the collective with the intention of distributing output according to communal priorities rather than individual property rights. So putting the group ahead of the individual. Capitalism on the other hand, productive resources are privately owned. So the individual is ahead of the group and individuals freely exchange goods and services in pursuit of profit, allowing prices and allocation to emerge from


voluntary market interactions. >> Yeah. The most important thing there is the word voluntary. This this is all, you know, people think that pointing a gun at a population and ordering them to cooperate with one another is somehow uh fairer, more benevolent uh uh than just allowing people to do business with one another and voluntarily, which is exactly what they're trying. They're trying to get to every everybody to work together, but they won't allow it voluntarily. They got to force it at the point of a gun.


>> Okay. >> Exactly. And so I just want to point out here that it, you know, it's not like socialism is coming. It's coming. It's already here in a lot of industries in the United States. So using this layout here, we can see that there's a pretty wide distribution of how the industries are either capitalist or socialist in nature. >> So our K to2 education system is basically completely socialist. So is our military, our post office, veteran healthcare, and probably our military


should be, but these others probably not. Um, and you know, we could debate any of these other industries here. >> I want to debate a couple because I think Medicare, Medicaid belongs in the complete socialist. Uh, so does public housing that belongs in the socialist category. So does food assistance. these things. I mean, I would be happy to donate a certain amount of my income to um you know, food kitchens and stuff. Uh utilities belongs in this category right here. But uh but the the top three,


those belong over in the socialist camp. Public, they've got so much public housing in Puerto Rico and then people are paid not to work and it creates a huge problem. on my farm. We have trouble finding labor. We can't find PE because if you we can't we're we're not going to uh pay a dollar under the table to anybody. Everything has to be done by the book here. So we you know it everything has to go through paychecks that taxes get deducted from and everything else. Nobody, anybody here


will work for you for cash, but if you offer them the same amount as a uh you know, just legally hiring them, uh they won't work because they'll lose what they call their coupons, which is the SNAP program, food stamps. Uh they they will lose government housing. And so what happens is you have a whole bunch of people that will work for cash or they deal in drugs uh living in these governmentass assisted facilities. And it's it's interesting because you go to these government assisted places. And


the cool thing here is to buy uh one of these um I can't remember the brand, but there's these uh sand buggies. basically these these uh um it's just a metal frame and a real powerful engine and then they put in a $10 or $20,000 stereo system and drive these things around the street which are illegal on the mainland. You see these vehicles that cost $100,000 or more in the parking lots of these publicly assisted housing facilities. It's it's just and you know that that's a drug dealer.


So anyway, >> well that's that's all the incentive system, right? It's a terrible incentive system that people are just responding to incentives. So I don't blame anybody for uh responding to the incentives and taking care of themselves. >> That's actually the trick is capitalism is the best set of incentives to get people to contribute to the greater good is let them keep the profits. Let them keep the fruit of their own labor and don't give them handouts for uh staying


home. >> Yeah. >> And this is this is really what it looks like uh at the absolute base level. This is how you create that incentive structure. If you want a socialist society, have a fiat monetary system. If you want a capitalist society, have your money be gold and like that's it. Everything else will solve itself, >> right? Because the government can't uh type gold into existence where they they just type fiat currency. I I can't remember who. I think it was Dan that


said the difference between one and one trillion is 12 zeros. >> Yeah. Someone in the comment section in one of our videos. Definitely. Yeah. >> Okay. Yeah, that's that's great. Um, so quick announcement. I'm going to be doing a live Q&A on Zoom for any of our viewers. Uh, that's going to be Tuesday, December 9th this year. So, in just a couple weeks. That'll be from 12:00 to 1:00 p.m. Eastern time. $20 per person. And you can register at goldsilver.comsov. So, if you have questions about hidden


secrets of value or any of the things we talk about on the channel and you want me to answer it live, uh, that's a perfect place to do it. So, if that URL doesn't work, just stay tuned. We might have to give you a different one, but I just want to give you this date now. That way, you can put it on your calendar. Um, so we'll have more announcements in upcoming videos. >> Excellent. >> So, next we have a tweet from Jeffrey Tucker. It's a national disgrace that an entire nation would be yelling and


demanding more free food. It's utter humiliation. This program runs contrary to everything we ever aspired to be as a nation. >> Okay. Now if you uh watch uh hidden secrets of money uh one of the things that happened toward the end of the Roman Empire is uh uh free distributions of wheat to the p a lot of basically social programs. Free distributions of wheat was free food. It's the equivalent of our SNAP program and it happens when a society is in the process of falling apart. when uh


when when an empire is nearing its end. Uh and it's a way to buy votes. It >> the the uh concept applies to everything that you're talking about in this video. >> Yep. Exactly. >> So, yeah, let's actually turn to some of the socialism that we've already been having. Uh Trump announces a $2,000 tariff dividend to be paid to most Americans. So, President Donald Trump on Sunday announced that most Americans would receive a dividend payment of at least $2,000 paid out of US tariff


revenues. So, this is not capitalism, right? This is redistribution of the fruits of someone else's labor according to the central planner. >> Yeah. Every importer was charged these uh tariffs, not China. There there is no foreign entity that actually paid taxes into this thing. It all came out of the pockets of Americans. First the importers were hurt and then they have to pass on the costs and it works its way up the chain to retail and eventually it's the consumer paying it. Now who consumes the most? The people


that make the most and uh they make the most by producing more than they consume actually. That's the reason their paychecks are high. That's the reason they've got excess cash is because they're producing more than they consume. Uh, and so, uh, this is a redistribution of wealth, uh, any way you look at it. >> Exactly. And something that Trump tweeted on, uh, Truth Social here is, uh, a dividend of at least $2,000 a person, not including highincome people, will be paid to everyone.


>> Okay? Not including the people that paid most of these taxes. They're they're not going to get it back. it's going to be uh given to other people which buys votes. So it's going to be more lowincome people that get these checks and it means more to them. But it's it's just another way of u buying more votes. So >> exactly it's socialism any way you look at it. And you know, it's if people did receive a $2,000 check, uh it's very hard to claw that back if the Supreme


Court decision is that these tariffs are constitutionally illegal because the power to tax is supposed to belong to Congress, not the president. >> Yeah. The the power to tax is the power to destroy. Right. That's where I thought you were going with that. >> The $2,000 dividend could come in lots of forms. Oh >> yeah. >> So this is what Bent said. Yeah. The $2,000 dividend could come in lots of forms. It could be it could be just the tax decreases that we're seeing in the


president's agenda. No tax on tips, no tax on overtime, no tax on social security, deductibility of auto loans. Uh those are substantial deductions. Lol. You're not getting those checks. So this is basically what was promised on the campaign trail. And now it's like, oh, you're going to get a $2,000 check. But it could be the case that it was it's just another version another form of packaging on what was already promised. >> Right? And now if it is a tax deduction uh which you know you've got to uh file


by April uh April 15th uh that gives plenty of time to do a clawback and then these deductions would go away. So, it was just another it was basically a tweet a tweet that um uh let me see it's this is a quote from the Shaw Shank redemption. A tweet that disappears like a fart in the wind. >> The man up and vanished like a fart in the wind. H love that movie, >> right? >> Yep. That's a good one. So, we can kind of sum it all up like this. Politics in one picture. Once I'm elected, I will


become vegetarian. Yep. That's the way I feel about every pre. You know, the last president that I really liked was Hi, it's Mike here. Just a quick message. I wanted to welcome the huge number of new visitors to our videos, but point out that less than 15% of our viewers have subscribed to this channel and hit the notification bell. We're heading into some turbulent times. So, if you don't want to miss any updates, make sure you enable notifications. And thank you as always for clicking the thumbs up


button. One more thing, at goldsilver.com, we've been providing top-notch educational content for over 20 years. If you'd like to help us continue this mission, we'd be honored to be your precious metals dealer. And now back to the video. That's the way I feel about every pre, you know, the last president that I really liked was Kennedy, but looking back on it, he was quite a socialist actually. Uh, and so I'm not sure, you know, if he was a I was like, you know, 6 years old or 8


years old or something back then, so I didn't I I don't know what he ran, but I I watch some of the old video clips and man was he sharp. Um, and but I just I now that I'm getting close to 70, when we have an election, I just look at all these bozos with complete and utter contempt. I know they are lying to me when they're doing their campaigns and then they change. So this is it. This is the campaign trail. So, okay, let's move on. >> I agree completely. I agree completely.


Joel Webbin says, "Why couldn't you afford a house these past seven years?" Because millions of foreigners were given your tax dollars to drive up prices in your country and buy what should have been your home. That's treason. So it was all immigrants overpaying for houses using taxpayer provided welfare. Another example of socialism. Look at this. Let me let me explain this chart here. Yeah. The FHA loan locks to immigrants without permanent residency including H-1B visa holders. So we saw a


huge rise the last four years or so and then there was just a ban on giving um FHA mortgages to that type of visa holder. and all of a sudden it plummets down to here to low to levels lower than what we had before. So, right, >> basically it was all immigrants. >> Okay? You know, uh Dan talks a lot about this same thing in Australia because he he's from Australia and uh um there the problem is actually much much worse than this. that this is actually horrific that uh um and it's so true that quote


this is the reason you can't afford a home. This is the reason that the one one of the big reasons that homes have gone up so much into a a super bubble and it's simultaneous with a um a real estate I mean a stock market bubble that's of historic proportions and uh with the bond bubble has not deflated yet. So we've got this the first time in history where it's the almost everything bubble. It's only gold and silver that are not in bubbles. So okay. >> Exactly. So yeah, I can't blame anyone


for responding to these incentives. We have to change the system itself. We have to change the system itself. And here's what the system looks like. Just for example, the gross federal debt, if you look at it since 1790, okay, a couple hundred years, uh it it basically didn't go anywhere until we got the Federal Reserve and then all of a sudden it shoots up like a rocket. You could you could split this into capitalism and then all of a sudden we got socialism starting with the monetary system and it


doesn't matter who's president. Doesn't matter if it's a Democrat or Republican. We get more and more and more debt for more and more socialist programs. That's how it works. Yep. Absolutely true. >> And the exact same thing happened with the CPI, the overall price level. So we basically had capitalism for over a hundred years, 140 years. And prices generally went down when we weren't at war. And then we got the Federal Reserve and then prices go up whether we're at


war or not. And in fact, the existence of the Federal Reserve makes it easier to go to war and have forever wars. And again, it doesn't matter if we have a Democrat or a Republican or if they campaign on socialist policies or capitalist policies. We're going to get socialist policies. That's just how it works. >> Yep. >> So, there you go. >> Well, I want to thank you for the presentation and I want to thank everybody for watching. We'll see you next time. >> Thanks.