Maybe they do start to move away from cash and start to slowly move to
a cashless society. And these are all things that I think are possible.
And I was talking about that in March of 2020,
when Nancy Pelosi came out in our subcommittee, 5 house, finance bill and said,
viruses can live on paper currency.
When you talk about Metal selling off, along with everything else, look,
they have in the past when there has been a market collapse,
like we saw in March as an example of 2020,
metal sold off with it, when we saw the great financial crisis in 2008 metals, sold off with it.
Now, the popular,
the conventional wisdom is that this is the baby being
thrown out with the bath water to meet Margin,
Call requirements and, and You know,
I have always kind of wondered if that was really
the case or that was more cartel management,
if you will kind of damage control,
the worst thing that you could see happening in conjunction with a massive market,
sell-off and Chaos panic. And fear would be gold and silver accentuating themselves.
The way one might think they would in that environment. But by the same token,
you know,
it's interesting because one would think Think that gold
and silver represent the safety from that event.
And the last few market,
sell offs that we've seen of any significance have have shown us that indeed,
gold and silver is being sold off but often turns right
around and goes right back up in the case of 2008,
you know, and fell and then over the next ensuing,
three years reached its all-time high in. 2011 up to that point of,
you know, almost two thousand dollar gold and fifty dollars. Silver,
If we look at what happened in March,
when you know silver fell all the way off to 11 bucks, an ounce gate,
tripled in a matter of just a few months after that.
So whether or not we see this cell of is debatable whether or not.
It truly is people throwing out the baby with the bathwater to meet margin.
Requirements is debatable or whether or not it is the cartel doing damage.
Control is debatable.
All of these things certainly are Available but we
are entering a period of time where I think,
you know,
ignoring that possibility of it being sold off or cost averaging your position.
Into that environment would be a better way than waiting for that environment
and hoping that you are able to cherry pick a bottom. Now,
look,
there's a very strong possibility that event May Mark the
bottom of the sell-off in metals and very well made.
It has in the past but by the same token, I don't Don't know that.
That's really a wise thing to do this time,
when you look at the positioning right now of the commercial,
Switch of really been
positioning for a rise in the metals at least in terms of where they are on comex,
when you look at the massive drawdown in physical metal.
That we've seen off of the world's exchanges in the back,
dooring out of out of the world's ETFs, by the authorized participants.
It would signal is though that the big money is preparing for said,
event and is positioning themselves in the world bully.
Leon markets for this type of an event. So,
you know, there's a lot of a lot of confusion these days done. Again,
and I think the moral of the story is trying to outsmart the markets,
probably isn't going to work. You might get lucky if you do. But I think instead,
people who are uncertain about how this all plays out,
rather than waiting for this moment and hoping that
things play to a certain script or a narrative,
I think it's probably not.
Best idea right now specially based upon the positioning of the big money,
and the drawdown of physical metal.
But rather to cost average of position, if you're thinking of adding money right now,
maybe break it up into two or three tranches and,
and cost average your position over the next 30 days or so. And see what happens. See if,
if the public on this side of the Ledger,
who is expecting this event,
see if it happens. See if old silver do sell off,
if If it does, you'll have some dry powder, if it doesn't,
and the commercial banks are positioned correctly and the people who have been
drawing down from the exchanges have been doing
this to get into position in a proactive fashion,
maybe they're right. Because one of these times they will be right.
So,
rather than betting, your whole stack of chips,
if you will on one outcome cost averaging and mitigating,
if you will the risk and the uncertainty is probably a good way to play this right now.
I think it's probably better than betting on one side or the other.
I've always had a hard time believing in the concept of nasara and jussara I
know a lot of people are very very adamant about this being a possibility.
And I guess it's important to take a step back and realize that, you know,
everyone that that someone's death is someone else's
asset and not everyone who has assets is a bad guy,
you know,
imagine that you've scraped Raped and worked
your whole life to own an apartment building,
10 unit, apartment building, that that represents your,
you know, your life's work. And, and now you're just going to be screwed.
I guess you could say, for lack of a better,
explanation of all debt is Forgiven and I don't think that'll really happen.
I do think that The Narrative of the bank's being gone is a possibility.
Why?
Well, look, as Extreme as that really sounds, you know, you got the second,
Charge of the FED I think her name is Lil Brainerd and her whole premise.
I thought she was going to win the seat for the Federal Reserve,
but Paula was re-elected. And she was,
I believe put in as Vice chair her whole premise,
or whole thesis that she wrote a paper on what's about removal of the commercial
Banks and dealing directly with the Central Bank, the fed the FED coin removal of cash.
A capitalist Society where a Terry policy would then be stripped from the commercial Banks
and given to the Federal Reserve so that they could enact
monetary policy directly to the public through their,
their smartphone.
Is that a possibility? Sure. When this all breaks apart, why not?
I mean if if she was running on that platform for the FED. See,
why is that not a possibility?
When they tell us that they've been working on on Central Bank,
digital currency technology for quite some time when you see it,
Beginning to accentuate itself in China with the digital you want.
So there's some of these outcomes certainly could come together, but I think,
you know,
the the idea of all personal debt being wiped away, I think is is not a good way to base.
Your future decisions are not a good plan to base your future decisions on.
But you know what could you see a massive collapse in the dollar and
interest rates spiking in The markets really break down and collapse.
Could you see debt forgiveness on a big level with governments forgiving?
One another I guess in.
It's a possibility I just have a hard time believing it in that you know it death is one
thing but someone's bet is someone else's asset and
that's the important thing to take away from it.
All of these things are have been bantered around for quite some time and I think
it would be a mistake to base your future if you All upon these types of decisions.
As there's a part of me, the cynic in me believes that most of it won't come to fruition.
However, a lot of the things on the periphery may like a central bank digital currency like,
ultimately,
maybe they do get rid of the commercial Banks so that
the FED can enact monetary policy to the public.
Maybe they do start to move away from cash and
start to slowly move to a cashless society.
And these are all things that I think are possible
and I was talking about that in March.
Of 2020, when Nancy Pelosi came out in our subcommittee, 5 house, finance bill and said,
viruses can live on paper currency that to me was Pandora's
Box being opened that to me was, yeah,
we're moving in that direction. Little by little they drop breadcrumbs, but look,
I think you hope for the best to prepare for the worst and a lot of
these things that that you see talked about in a fringe narrative,
maybe they will come to pass,
but I think you can't base your Your your decisions in such a very high stakes game
based upon Fringe. Maybe it's rather than I think if it happens great, if not,
you still are moving to protect yourself and your family in an orderly fashion.
Based upon the information that is right in front of us. Right now,
you can't sit and be paralyzed with uncertainty and fear based upon the,
what if you have to,
I think make your decisions based upon the what is and what you have.
Directly in front of you and something granted, the world is changing.
This is something that I've been talking about for a very long time with you.
I see a pattern of change and it's it's not emanating As Much from the white
hats as people would like to call them or or the good guys trying to,
you know, level the playing field.
And I think people need to take a step back and say,
well what would the world look like if all debt was invalidated
and what would the world look like if, you know?
If if we just basically
went on all of our commitments said, sorry, you know,
we're resetting that's not how it works.
I think and I think the unintended consequences there would be pretty severe
on a global scale, but I think to a degree you're seeing this happen,
maybe more on a organic level. As we've talked about with what's happening,
the brics Nations,
and all of the forces that are moving Going against
the West which could very quickly render.
In my opinion,
that reset that everyone thinks is going to happen
as a result of the good guys just coming in and,
and leveling the playing field or or creating something like nasara jussara know.
I don't think it'll happen that way. I think the market is going to dictate what happens.
But look, I think these are these are deals where if you are,
are waiting for this event and not doing what you should.
You doing? You're making a mistake that that's the easiest way I can explain it.
I think that,
you know, the old adage prepare for the worst, hope for the best.
But if you're sitting on a piece of property in a place,
like San Francisco and you want to get out and you think you should get out and,
you know, you should get out,
not doing it.
Because you think your money may get tied up in the bank
for an event like that I think is the wrong way to,
to approach it because of something like that happens.
Anyway, what does it say for the value of your home,
you know?
No, after the fact. So these are tough tough times, tough decisions,
but I would say probably wrong to base your movements upon that.
I think you you will be
surprised may be pleasantly or maybe not so pleasantly. If it does happen,
but you move upon the rules of the game that are right in front of you right now.
And that's the only thing you can do and if you're concerned about it,
then move in double time and and You know,
get this done right away and try to expedite the process.
Maybe that means dropping your price and incentivizing someone
to pay your cash right now instead of waiting and hoping for,
you know,
a smooth settlement in 60 or 90 days and losing sleep, the whole way.