You should have food Security One Way or Another.
You make sure you have it, don't trust anybody else for it.
Have real money on him.
You know, you want you want to be stock in gold and silver coins right
now, if you haven't already done it and you want to be in meshed in
your community.
So people have your back and you have to commit to have their back in
return for that, but it's well worth it.
One of the things that the people in The Sound money Community have
been waiting for is the point where the FED runs out of tools that
work or the next Crisis, whatever I can.
And people are here now where it used to be.
That easy money would fix pretty much whatever ailed the economy, when
the bubble burst, you know, it could get us back into blowing up the
next bubble, but this time around easy money.
Probably won't work because it'll crash the currencies because it will
reignite inflation and people get back.
But higher interest rates won't just kind of slowed us down into a
soft Landing because like you said so much of our problems our supply
chain related and you know monetary policy can't make you more oil,
okay?
Can't grow wheat or anything like that.
So a lot of things to be extent Faith are broken.
They would have to be fixed before the feds tools will work again.
And there's no sign at all of a lot of stuff being fixed.
I mean, you know, we can spend this whole show just on the European
energy crisis of all the mistakes they made leading up to not having
enough natural gas or electricity electricity generated otherwise to
get through the winter.
You know, and there's no monetary policy.
This fixes bad at all.
And the same thing with the Russian Ukraine Wars impact on.
Agricultural Commodities.
You know if we don't have enough fertilizer to do the next planting,
then the next Harvest will be inadequate and we'll have food shortages
that lead to Rising prices again.
Monetary policy can fix that.
So, yeah, we're at the point now where the feds tools which are very
limited and very specific will only work for some of our problems, but
we'll make other problems worse and people don't completely get that
yet.
But there's this going to There's going to be a very big psychological
change when people realize that the guys in charge to be, to be
generous to them, their good-hearted, people trying their best, but
they have no idea how to fix our problems.
So these you know these brilliant Godlike Financial icons out there
that we've always counted on to come in and save us.
Don't have the faintest idea what they're doing I'm they never did.
That's the thing.
They were always just using this one tool that happened to work in
this one circumstance.
Take that away and they're just some, you know, some rich guys who
have never had the actually do real jobs in the world.
Never
In the real economy other other than to Insider trade on their
monetary policy decisions.
You know, that's that's probably the limit of there are actual real
world money making experience.
That's all they are, you know, and they can't save us.
And when people figure that out then C then then comes a big Panic
that we were talking about, right?
Only it's liable to expend to extend to the currency, which would be
the Austrian School of Economics.
What am I looking for crack epidemic?
Crack up?
Yeah, the crack up boom, in which everybody gives up on the currency.
They decide that they don't want to hold a currency, that's being
explicitly.
Depreciated by their government with no end in sight.
And so they just dump it.
They buy real stuff whenever they get paid and that pushes the price
of the real stuff up.
And you get this this feedback loop that ends with the currency,
basically just evaporated and that sounds kind of extreme, I know.
But if you Google list of hyperinflation, You'll get a page of
countries who have done that very thing, you know, where they borrowed
too much money, they created too much, new currency to cover all their
debts and the currency started to fall in value that fall became
uncontrollable and currency, just evaporated.
That happens over and over again throughout human history.
With one big difference this time around its Global.
It's not one country in the context of a sound money.
World screwing up its currency and then having a crash its everybody,
you know Europe Japan China.
And the u.s.
among many others have all made the exact same mistakes and they're
all paying pretty much the same price in terms of rising inflation and
Rising financials instability and central banks that are completely
clueless.
You know.
So the fact that this is global is part of why it lasted so long
because everybody had everybody else's back and they were able to, you
know, by each other's assets and create new money and buy each other's
buying.
And they were able to keep it going longer than they should.
Been able to but now they're all crashing at once and nobody has
anybody else's back.
So this is going to be different from previous, hyperinflations and
previous Financial crises.
But the fact that it's Global makes it hard to say exactly what that
difference is going to manifest.
As you know, will it be one country that I'm in kind of a series of
dominoes falling over the next decade?
Or will it be everybody at once in 2023 just Crashing and will there
be some big Wars in there too?
You know, we're kind of on the verge of that with Russia Ukraine and
as I mentioned by them seemingly wanting to have World War 3 with
China.
So there are lots of wild cards besides the financial stupidity that's
leading to these somewhat predictable inflationary crises so there's
really no way to know so the upshot of this is that you got to just
crap.
I mean all the same things we should have been doing all along and
that you should be doing even if
All those pretty peaceful and predictable, you should be doing those
things.
You know, you should have a should have food Security One Way or
Another.
You make sure you have it, don't trust anybody else for it.
Have real money on hand, you know, you want you want to be stacking
gold and silver coins right now.
If you haven't already done it and you want to be in meshed in your
community.
So people have your back and you have to commit to have their back in
return for that, but it's well worth it.
You know, if you've got two people that you can count on Then if you
run out of water, you might not die.
You know.
Or if if you don't have anymore nine millimeter ammunition.
Maybe the guy next to you does you know and those are silly sounding
things right now but could be life or death situations when the time
comes.
So all the stuff that we should have been doing, we should be doing it
with a Vengeance right now.
I don't want to pretend to be able to protect predict the particulars
of this because there's so many moving Parts, you know, so many things
can go wrong in, so many different combinations that there's A way to
know what it'll be but you can say with some certainty that it's going
to be really chaotic between now and the establishment of the next
monetary system.
And by the way I think you're right that the guys who've been bleeding
us for the past three or four decades are going to try to evolve the
system so that it's still benefits that I'm at the end of the process.
And that see that's going to be part of the debate.
Are we going to educate ourselves?
So that critical mass of people actually understand that we're living
in an aristocracy right now and The Aristocrats are bleeding.
The Peasants dry in Myriad different ways or are we going to go along
with some kind of top-down system?
Systemic change brought about the same people who have been bleeding a
stock that's going to be interesting to see right now.
I'd say it's 5050, you know, people aren't educating themselves but
You know, there's still hopelessly ignorant about monetary issues and
things like that.
So, so we'll see, you know, that's you're doing a very important thing
by educating people on this subject on again, because that's really
the key to us getting out of this in some kind of sustainable.
You know, what you and I would consider a positive way and it's not
guaranteed at all that we will but but it is a possibility.
So having said all that?
Yeah I think that it's almost not even useful You try to predict
what's going to happen when and where because chaos doesn't work that
way.
And we're adding entering a really chaotic time and when a lot of
decisions are being made by people who are either, you know, like you
said evil, or like I said, extremely stupid, you know, those decisions
are unpredictable by their nature, right?
So we just can't know how this is gonna play out.
So, you know, I have kind of Of come back to the.
The personal with a lot of this stuff where I mean, I can't stop any
of this, my vote doesn't matter.
I'll vote, you know, I'll talk about this stuff but there's no way to
stop the, the kind of institutional momentum that we've got going
right now.
So, I think it comes down to each of us as individuals to make sure
that we are as okay as possible going into all of this.
And, you know, I mentioned some of the ways that you do that and there
are lots of other ways.
You know, prepping is a very broad subject and a really interesting
one and a really fun one wants you.
Going for instance, you know, right after week we hang up, I'm going
to change clothes and then go to a gun range here where I'm going to
have.
Some guys show me how to use a new pistol that I just bought that.
I'm not completely sure that I'm understanding all of it and that's
part of the problem process.
You know, you got to be able to defend yourself and I think, you know,
each of us in our own way should be kind of moving down that path and
we should feel summer And see now because you know ten years ago we
had ten years and have to do this now, not so much.
Now we should be aiming to be comfortably prepped within the next
couple of years.
If not sooner