Gold and silver kept at home.
Rhino counterparty risk, and it's real money.
And this is what you need.
This is what we all need because it is indeed, the ultimate safe-haven
asset.
So China has a choice.
They can either back Russia or they come back the u.s.
So sides are definitely being developed.
Either way.
But this is the approach that she says, we should take number one.
We should modernize the approach to trade integration where Supply
chains are made up of trusted countries.
Oh, so if you play the game, the way we want you to play it, then
you're in.
And if you don't, then you're out.
And I think that was pretty parent with what has been going on in the
world right now.
Frankly.
They want to
Revamp, the governance of the IMF, to reflect their underlying
principles and objectives.
Of course, that's all really rather subjective, isn't it?
But again, you either play our way or it's the highway.
I love this.
I don't really love this, but I'm just saying revisit our strategies
policies and institutions to better mobilize.
Capital.
Now, I don't know if you've been listening but presumably there's a
whole lot of cash sitting on the sidelines, of course, all of that
cash was created from, lots of debt, will talk more about that in a
minute but private Capital, meaning you and me can be better mobilized
in a world.
So a wash with savings that interest rates have been dropping for
decades.
How about the reality that
The world is Awash in debt and interest rates had to fall to be able
to continue to grow even more debt.
And what they're really talking about here is the bill, the ability to
take us into negative rates because of we see our principal
evaporating.
We're more likely to go out and spend it.
I'm not really thrilled with this.
I got to tell you because the other thing that governments can do and
and I want you to know when I'm talking about Russia, it is definitely
not because I agree with what they're doing and all of that but it is
a
really good example, on all the levels because frankly, whether you're
a government a corporation or an individual, there are still some
simple rules of the economy that work for
Everyone and one thing you need to really be aware of is that, you
know, quite honestly, you can be pushed into default.
So if you stop and think about what happened in 2008 with all of those
mortgages, it mean, you know, it was the derivatives markets.
It was the bank's when the, when the structure the debt structure
froze, but who really paid the
He has price, it was the public that paid the heaviest price.
It was a public that was encouraged to take on this debt, but they
were the low guy on the totem pole.
And so they ended up losing everything Russia has instead tried to pay
in Rubles, but credit rating agencies.
Oh, I don't know like S&P and Moody's have said that that would
constitute a default.
So it isn't that they don't have the ability to pay which it's
typically that's
What happens to the general public?
They simply do not have the ability to pay, but Russia can create
money at will just like the u.s.
Ken.
However, the NATO allies have decided that, that money is not good
anywhere, right?
Gold money is still good because Financial stability risks grow.
This is a new report from the IMF blog just today.
As War, complicates the push to contain inflation.
I've said this forever there between a rock and a hard place because
inflation now that they can't hide it.
Like they could be for, it's more obvious for people because it's
happening more quickly.
When it happens, slowly, they can get away with it.
That's their price stability.
You don't know that it's happening, so you don't change your choices
in spending, but
When inflation takes up this rapidly people notice, they aren't as
likely to spend, they're having to make choices on putting food on the
table or buying a blouse.
Guess what's going by the wayside?
They're not buying that blouse obviously, so they've got a raise
interest rates, but for the government's for the central Bankers, that
growth is all based on debt.
Just keep borrowing, just keep borrowing, just keep borrowing and
Now the tightening is underway.
Now, you can see that the tightening is happening and it's happening
globally.
This is leading into, there's not one doubt in my mind.
I'm certain that.
We're already at the beginning, phases of the hyperinflation, that is
going to usher in a complete shift, socially economically and
financially, you better beware, you better be prepared.
And so now fed president Bullard came out.
And says, 75 basis points.
Height could be.
An option if needed that's garbage because even if they raise it a
half, which they call huge 75 basis points would be tremendous.
It's only so they can lower them.
Again.
This is the new Dot Plot.
Take a look at this.
I think this is really interesting and very telling okay.
So they're going to raise the rates up to about two and a half
percent.
This is what they anticipate two and a half percent for over.
This year between now and by 2023.
And then they're not going to do anything.
They're just going to keep them there for a year.
And then they're going to drop them.
Well, guess what into every crisis up until this point up until 2008.
They have had to lower rates five and a half five and three quarters
percent in order to stimulate the buying.
But now since inflation is reared, their its ugly head.
Well, they don't want to stimulate
Like the buying because that will make the inflation run hotter.
Now.
Can you see the problem?
They're damned if they do and they're damned.
If they don't, you better be in safety.
This is my safety net.
This is my safety.
Net.
That's where you want to be the safest thing that you can do because
this is not going to be a pretty storm, the debt driven economy in
that the interest rates are the key.
And that's the only tool that Central Bankers really have that you
always talk about all their tools.
The one that they really have our interest rates because if they want
to stimulate, they lower interest rates, if they want to cool it down.
They raise interest rates.
Is it going to work this time?
Different kind of
Session that we're going into I think we go into hyperinflation and
the world and I we've been talking about this too that the world is
getting tired of the u.s.
Dollars, being the world Reserve currency and the u.s.
Having all of that power over Swift.
So they don't like what you're doing.
Boom.
They cut you off.
Imagine if we're in an all digital world and you got a smart house and
you got a smart car and you got all these.
Smart things that can be controlled remotely.
And then unlike what you say.
They don't like what you do, boom.
They just cut you off.
You better have something that's outside of the system, physical in
your possession because if you don't hold it, you don't own it.
And I don't care what anybody says, by, no coincidence.
The same central banks that are bypassing the dollar financing system.
Swift have bought the most gold over the past 20 years according to
the world Gore gold Council, Russia China turkey.
India has
Dan and Sally Arabia.
I think that's pretty darn interesting, don't you?
Because to the extent that long-term imbalances emerge in trade,
central banks can settle up by transferring gold.
Shocker, this is why it's the safest thing.
It does not take any government to say this is money, or this is not
money.
It has been money for thousands and thousands of years.
That let's see.
Several misleading media reports have claimed that the u.s.
Can prevent Russia from using its gold reserves that is inaccurate.
The u.s.
Can keep Russia out of public gold markets, but it can't stop Russia
from Trading gold with the central banks of India or China, which is
exactly what's happening, which is exactly why you saw secretary Janet
Yellen challenging China.
Really threatening China.
You've got to pick because right now.
Russia's gold is indeed.
Buying them the goods that they need.
I'm not saying that they're not suffering too.
But you've got to keep in mind the bank for international settlements.
What did they say?
Unlike currencies and debt which are claims on foreign governments or
institutions.
Gold kept at home is not subject to political manipulation.
So yeah, Russia lost all the reserves that were outside of its borders
inside of an enemy territory, but what they kept at home, they can
still use to buy the goods and services they need from other
countries.
That's true for individuals to gold and silver kept at home.
Rhino counterparty risk, and it's real money.
And this is what you need.
This is what we all need because it is indeed, the ultimate safe-haven
asset.