Well, silver and gold are real money.
They are God's money an ounce of silver or an ounce of gold.
All that is, is proof positive that labor capital and Equipment.
Have already been used to create that bar or coin or what have you
whereas dollars are just a promise of future dollars.
One data point that absolutely shows and what we've been talking about
for a long time is that there's too much debt in the system.
If you look at Japan as of last week, the bank of Japan.
Now owns more than 50% of all Japanese government debt and that right
there is the right definition of monetization.
The problem now is its it will bring into Focus.
The value of the n.
I mean, the final.
The final ending to this, is they lose their currency.
You could get a mortgage back then they call them liar loans.
You didn't have to.
You really didn't have to prove income, you don't have to prove
anything.
I mean, you could have been a dog that was breathing and you could get
a loan back then, so it's a little bit different now.
But the that big difference now is interest rates had gotten down to,
I think, late last year
You could get a 30 year mortgage at 2 and 3/4 2 and 7/8 percent we're
now at six percent.
So what that basically does and of course, we're in a huge bubble, I
mean we've seen over the last two years we've seen huge increases in
prices.
So you match up the huge increases along with the increase in the
interest rates and for instance, at the beginning of the year, if
you've qualified for a million dollar mortgage,
You know, you don't even qualify for a six hundred thousand dollar
mortgage now.
So what that does or has effectively done is it Shrunk the buyer pull?
In other words the amount of qualified buyers out there is much less
than it was just six months ago.
So what I think you're going to see is and you are certainly are
already saying there is no ability to refinance because we're coming
off the lowest rates of all time and we're actually at
Higher weights now than we were three four years ago.
So it's it's really important to understand how interest rates and the
rise in interest rates because that sector is.
So, leveraged is going to affect the real estate pricing negatively.
The core to that scenario is a credit.
Freeze is a credit crisis.
if the US Treasury was unable to to borrow, if no foreigners bought
any treasuries, and I've said this many many times the entire system
Relies on credit to function.
And I've used this analogy of a loaf of bread, there's 10, 12, or even
more uses of credit between the wheat in the field and the loaf of
bread in the store.
And if any one of those use of credit ceases to exist, the loaf of
bread doesn't get created or does not make it to the shelves.
So as far as the Mad Max scenario, if credit goes down
Our way of life in the west, in the United States.
Our way of life is, is shut off.
Its you're on your own think about this.
I mean, just something as simple as if you live in a small town or
whatever, or I mean anywhere in the city that the police themselves
that, you know, draw a paycheck every week, when credit goes down, how
are they going to get?
Paid are
They really going to go to work if they're not getting paid, or they
going to go home and protect their own family.
I mean, I think it's a no-brainer, but I got to go home, protect their
own family.
Everybody's going to try to protect themselves and that's one of the
messages I've tried to spread over the years is become as
self-sufficient as you possibly can.
Try not to rely on, you know, rely on other sources, for things, you
need to become your own.
Central Bank, you need to think about your own protection.
You need to think about your own production or procurement of food.
When when credit goes down, everything shuts down, absolutely
everything.
Well, silver and gold are real money.
They are God's money.
An ounce of silver or an ounce of gold.
All that is, is proof positive that labor capital and Equipment have
already been used to create.
At that bar or coin or what have you?
Whereas dollars are just a promise.
Of future dollars.
For instance, if you own a treasury or whatever, it's just a promise
of getting future dollars.
But you're getting future, nothing's gold and silver being real money
when credit collapses.
That will take the currency with it.
Everything all paper assets are going to be destroyed in value and
what's left standing
gold and silver will be the two men left standing because they are
real.
They're universally accepted all over the world.
They've had value for 5000 years and mans
Brilliant stupidity at this point to where we are now, is not going to
change 5000 years of history and all of a sudden gold and silver or
not worth anything.
And yet also go do something for something.
Think about in a broken-down situation, you're a farmer, you have
pigs, you have chickens, you produce eggs?
Are you really going to take a piece of paper with ink on it for your
eggs?
Are you want something real?
I mean, I can tell you, I've talked to Farmers here,
Luckily I had a time and asked, you know, if things get really bad
will you accept silver and many times they tell me, I'd rather accept
silver now with gold.
I think there's a very good chance of that, but I don't think it will
be a door-to-door confiscation and I say that because if that were to
happen you would have so many shootouts.
So many deaths the way the likely way that any government would would
try to capture gold.
Would be making it look like they did in the 1930s.
Make it illegal to own and or put a huge tax on the sale of it.
And, and think that would create much higher values because anytime
you have a black market prices, go through the roof.
Or values the value goes through the roof because it's coveted.
You know, when people ask me all the time, how much money should I put
into gold?
How much should I put into silver, or gold, and silver collectively
and my standard answer, now, is whatever you don't want to lose.
So, yeah, absolutely, if you're in a pension plan, you're in paper
assets, you're not in, you're not in, in something that's real and
cannot default.
And that's the key with gold and silver, don't
Ruled the world right now is insolvent and where we're headed forward
from here is a global bankruptcy but gold and silver cannot bankrupt
because they have no liability.
As I mentioned, all they are is proof that labor Capital Equipment
have already been used to create them.
So it's gold and silver.
You can't wake up tomorrow morning and find out.
Oh my gold ounce it bankrupted last night I would have told you
You, you know, it's basically it's been done with with paper contracts
on, comex on lbma on lme, Pam and Russ Martin's, put an article out.
You might want to dig that up and post that with this interview, they
put an article out last night, that JP Morgan and citicorp
Now, control or are now counterparties to 90% of the dirt.
The precious metals derivatives outstanding, and their precious
metals, derivatives have exploded fivefold tenfold since the beginning
of the year.
So there's
Answer, that's how it's been done.