The Great Taking: Understanding the Shift in Global Debt | A Deep Dive into Financial Collateral
From Nixon taking us off the gold standard in 1971 to the current supercycle of consistently lowering interest rates, Lynette Zang, Chief Market Analyst at ITM Trading, breaks down the intricacies of “The Great Taking.” Learn how debt accumulation and central bank actions have led to the greatest wealth transfer in history – “The Great Taking.” 📚 Discover the insights from the book that unveils the system’s abuse and soaring debt levels. Join the conversation on the impending challenges of 2024 and beyond.
CHAPTERS:
0:00 The Great Taking
7:00 M2
12:46 Dark Cloud Over America
21:25 Wealth Transfer Tool
25:48 Devaluing Peso
28:00 Legal Owners
38:50 Argentina Privatizations
SOURCES:
https://fred.stlouisfed.org/series/M2SL
https://fred.stlouisfed.org/series/M2V
https://wid.world/country/usa/
https://www.xe.com/currencycharts/?from=XAU&to=ARS&view=1M
Milei Sets Up Argentina Privatizations for Airline, YPF – Bloomberg
VIDEO TRANSCRIPT:
00:00:00:00 – 00:00:03:02
In 1971 when Nixon took
00:00:03:02 – 00:00:06:02
us off the gold standard,
00:00:06:02 – 00:00:09:06
we became our currency became purely
00:00:09:06 – 00:00:12:11
based on the issuance of debt,
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and we began a supercycle by consistently
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lowering interest rates
and encouraging everyone, governments,
00:00:22:10 – 00:00:25:17
corporations
and individual oils to take on
00:00:25:17 – 00:00:28:17
even more debt.
00:00:28:19 – 00:00:32:06
Many best about this book,
The Great Taking,
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and we’re going to talk about that today
because really the system is
00:00:38:08 – 00:00:43:10
has been so abused,
the debt levels are so high.
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Some of it’s based on collateral.
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Some of it’s not based on collateral.
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But in this, it’s
the taking of all collateral.
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So when you hear people
talk about the greatest wealth
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transfer in history,
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it’s the great taking.
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We’re going to talk about it coming up.
00:01:05:18 – 00:01:06:19
I’m Lynette Zang
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chief market analyst at ITM Trading
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and I would like to welcome you
to the New Year.
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I can’t believe it’s 2024.
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And what an interesting year
this is most likely to be.
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There are a lot of things that I see
coming up,
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but definitely
the Great taking is one of them.
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So what’s this book about?
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And by the way,
I think Taylor Kenny is coming out
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also with a video on this on Sunday since
so many people wanted to talk about it.
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And what this does is just kind of put
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in small format size,
what we’ve been talking about
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for years and years and years
and what is the great reset,
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but a shift in the collateral
from the many to the few.
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What’s inflation?
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A shift from the many to the few.
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So this is really what
we’ve been talking about.
00:02:01:20 – 00:02:03:10
Now, what is this book about?
00:02:03:10 – 00:02:08:15
It’s the taking of collateral
globally synchronized debt
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accumulation, supercycle,
which is what has been engineered
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by the central banks
by consistently lowering interest rates.
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At the peak they were at intraday
I think it was 21 and change
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interest down to zero
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and was held at zero for 15 years.
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But it includes this great
taking, includes all financial assets,
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all the money on deposit in the banks,
all stocks and bonds
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and has all underlying property
of all public corporations.
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And I know that this can seem outrageous,
but the difference between inflation
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and hyperinflation is simply
the speed of that inflation.
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If it happens slowly, it still happens.
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You just don’t notice it.
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Privately owned personal and real property
financed with any amount of debt,
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will be similarly taken, as will
the assets of privately owned businesses,
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which have them financed with debt.
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And keep in mind that if you owe
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somebody money on that collateral
and you can’t pay it,
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guess what?
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They’re going to take that collateral away
from you.
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Private closely held
control of all central banks
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and hence of all money
creation has allowed a very few people
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to control all political parties,
governments, their intelligence agencies,
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major corporations,
and of course, the media and everything.
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We have a semblance or an image of choice,
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but in reality
everything is owned by a very few people.
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And these entities have been consolidating
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over the years,
the banks, particularly since 2000.
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When a bank fails, the good assets
go to the few and then and then the
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the bad assets are absorbed by the many,
the taxpayers.
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Right.
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So by controlling the narrative,
that’s that perception, manage moment
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where they want to control how you think
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and therefore how you move into
and through a circumstance.
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And it’s easier to get people
to cooperate with deception
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because once you know the truth,
you make different choices
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and that takes away
some level of their control.
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I remember we vote with our wallets
and we vote with our purses.
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And so this is
my vote is out of the system.
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And as the Bank for
International Settlements so aptly states,
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gold, physical gold in your possession
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is the only financial asset
that does not run counterparty risk,
00:05:04:07 – 00:05:07:03
therefore does not risk
00:05:07:03 – 00:05:09:18
the loss of that collateral
00:05:09:18 – 00:05:13:16
money
is an extremely efficient control system.
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If you have
everybody bought into the same system
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because all they have to do
is push a button and create devaluation
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and they can even do that
by decree pretty easily.
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So keep that in mind.
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Many say an extremely efficient
control system.
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If you are dependent upon the money
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that you earn from the system by design,
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you are earning less
and less over time through inflation.
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Remember, they knew two key pieces
when they set the system up.
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Number one was that people marry
the legal money of the state
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and they cannot help
but think that at some point
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it must regain some of its former glory,
which
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it never does, because by design
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being debt based in the interest
you have to pay on that debt
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and the ability of central banks
to print us into oblivion.
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See, there’s lots
and lots of data on this.
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It is the same old story
over and over again, which also means
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that there are repeatable patterns
that if you can learn how to see them,
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you can make different choices
and not be subject to this great taking.
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And then
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finally, the money control system
breaks down at the end of a monetary
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super cycle
with collapse in the velocity of money.
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So let’s examine that.
00:06:44:17 – 00:06:47:23
This is something that we’ve talked
about a lot, and it’s also something
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I said
when this shift occurs in a pervasive way,
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then I believe we will be at the beginning
of the hyperinflationary cycle.
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So we’re going to look at that right now.
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And what you’re looking at here
is the M2, the money supply.
00:07:04:15 – 00:07:06:09
It’s not the total money supply.
00:07:06:09 – 00:07:10:05
They took that away from us,
the M3 in 2006.
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But the M2 will just use as a proxy.
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And you can see how much and how quickly
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we have printed money into oblivion.
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But look at what we’re facing right now,
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which is a decline in the M2.
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So money is actually
when they’re tightening.
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Do you see anything that looks like that
leading up to this point?
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And this is from 1960,
and that would be an absolute no.
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So notice the deflationary shift
in the money supply.
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This is a pattern shift.
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It is any indication,
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even if you don’t know what it means,
it doesn’t really matter.
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What this tells you is things have changed
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or are changing
or in the process of changing.
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This is a heads up
that we have entered a new part.
00:08:08:19 – 00:08:13:19
And I think the beginning
of the hyperinflation, even though
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the IMF came out and said, look at this,
the Fed has engineered a soft landing.
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zip a dee doo dah. Great, great day.
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This is not over yet.
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And the IMF is just doing their job,
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which is to keep you comfortable
and keep you in the system.
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It ain’t over yet.
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It ain’t over by a mile yet
because this debt
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supercycle is over and the central bank’s
popped it themselves.
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Now what you’re looking at here
is the velocity of the money supply.
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And it was in 1997
when we hit our peak right there.
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And you can see how much
that has declined.
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And I tried to line this up
so that you could see
00:09:01:03 – 00:09:05:07
that one is coordinated
with the with the other,
00:09:05:09 – 00:09:08:07
because up until the recent shift,
00:09:08:07 – 00:09:14:12
no matter how much money
they pushed into the system,
00:09:14:14 – 00:09:15:20
the velocity of
00:09:15:20 – 00:09:18:23
money, the times that the number of times
00:09:18:23 – 00:09:23:02
that money changes
hands has been plummeting.
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So it’s like pushing on a string
and it takes more.
00:09:26:10 – 00:09:31:12
And we’ve seen this certainly through
all of the money printing in the QE,
00:09:31:13 – 00:09:36:21
no matter how much more they did,
it really didn’t move the envelope enough.
00:09:36:21 – 00:09:39:11
And it’s like any other kind of drug.
00:09:39:11 – 00:09:44:12
The more you take,
the more you need just to feel normal.
00:09:44:16 – 00:09:50:02
So the more that it’s taken of the money
printing to make things appear normal.
00:09:50:06 – 00:09:51:19
But they’re not normal.
00:09:51:19 – 00:09:55:20
And now you can see this shift
00:09:55:21 – 00:09:59:13
where money is changing hands
a lot more quickly.
00:09:59:15 – 00:10:04:09
Part of that is due to the inflation
that we’ve been experiencing.
00:10:04:11 – 00:10:08:17
You know, if they can keep it at 2%,
then they’re still getting
00:10:08:17 – 00:10:12:06
a decline in the purchasing power
value of the currency.
00:10:12:08 – 00:10:14:01
But you don’t notice it.
00:10:14:01 – 00:10:19:21
You don’t make changes in
asking for more money from your job
00:10:19:23 – 00:10:24:17
or even in the choices that you make
and how you spend your money.
00:10:24:19 – 00:10:29:02
But when inflation happens noticeably,
00:10:29:04 – 00:10:31:21
you start to make the different changes.
00:10:31:21 – 00:10:37:07
And you can see from here
that changes are definitely
00:10:37:10 – 00:10:41:03
being made
and I want you to notice something.
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Okay.
00:10:41:20 – 00:10:46:07
This peak hit in the first quarter of 22.
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Well, when did the shift in money
spending happen?
00:10:49:09 – 00:10:53:04
And that was in the third quarter of 2021.
00:10:53:06 – 00:10:58:09
So the shift had already taken place
00:10:58:11 – 00:11:02:08
with more money chasing fewer goods.
00:11:02:10 – 00:11:06:03
And this is why I’m telling you, hey,
I could be wrong, right?
00:11:06:03 – 00:11:08:22
This is not something
that’s within my control.
00:11:08:22 – 00:11:13:22
But I’ve been in these markets
on some level since 1964,
00:11:14:00 – 00:11:17:11
and I’ve been a stockbroker,
I’ve been a banker, I’ve paid attention
00:11:17:11 – 00:11:22:04
to currency issues and the lifecycle
of currencies since 1987.
00:11:22:10 – 00:11:24:19
And I’m telling you, we are at the end.
00:11:24:19 – 00:11:26:03
There’s no doubt in my mind.
00:11:26:03 – 00:11:29:05
That’s why I’ve done everything
that I’ve done with my urban
00:11:29:05 – 00:11:33:01
farm in the bug out location
and everything else.
00:11:33:03 – 00:11:35:09
No more procrastinating.
00:11:35:09 – 00:11:39:16
If you haven’t clicked that cowardly
link yet and set up a time to get your own
00:11:39:16 – 00:11:43:12
personal strategy in place,
I suggest you do it today.
00:11:43:15 – 00:11:48:02
Now, this moment,
00:11:48:04 – 00:11:49:03
because I
00:11:49:03 – 00:11:52:20
can’t
tell you when all choices will be lost.
00:11:52:22 – 00:11:55:23
We’re seeing spot over 2000 bucks
announced.
00:11:55:23 – 00:12:00:02
It’s still dirt
cheap to its fundamental value.
00:12:00:04 – 00:12:02:21
So again, it bottomed.
00:12:02:21 – 00:12:08:09
The monetary velocity
bottomed in Q3 of 2021.
00:12:08:15 – 00:12:11:21
And then we saw the shift after that
00:12:11:23 – 00:12:15:11
in Q1 of 2022.
00:12:15:13 – 00:12:18:13
In the money that’s in the system.
00:12:18:18 – 00:12:22:13
Personally, I think the hyperinflation
has already begun
00:12:22:15 – 00:12:26:08
and all of this is smoke and mirrors
that you’re seeing around there,
00:12:26:10 – 00:12:31:16
the IMF coming out and saying,
look at the Fed, no recession.
00:12:31:18 – 00:12:34:02
We have not felt
00:12:34:02 – 00:12:37:02
how bad this is going to be.
00:12:37:03 – 00:12:41:14
But the more they protest me
thinks they protest too much.
00:12:41:16 – 00:12:43:00
They know what I’m showing you.
00:12:43:00 – 00:12:45:10
They know even more than that.
00:12:45:10 – 00:12:50:04
But the reality is, is that inflation
has created a dark cloud over
00:12:50:04 – 00:12:54:22
how everyday Americans view the economy
because they’re the ones that are paying
00:12:54:22 – 00:13:00:22
attention to the gas prices, to the food
prices, and maybe having to make choices
00:13:01:00 – 00:13:05:07
on whether or not they put
food in the farm on the family table
00:13:05:12 – 00:13:10:14
or gas in the car to get to work or not
get to work or or what have you.
00:13:10:18 – 00:13:12:21
So they want us to think one thing.
00:13:12:21 – 00:13:19:05
But I’m thinking that the American public
is starting to wake up to this
00:13:19:07 – 00:13:22:22
residual anger about high inflation
in recent years
00:13:22:22 – 00:13:27:08
appears to have soured
consumer views of the economy.
00:13:27:10 – 00:13:29:02
That’s not a good thing.
00:13:29:02 – 00:13:33:03
Since the consumer is 70% of the economy.
00:13:33:07 – 00:13:35:22
We need them to keep consuming.
00:13:35:22 – 00:13:42:06
People are still angry about the inflation
we saw in 2021 and in particular 2022.
00:13:42:08 – 00:13:46:15
There’s something about the salience
of the bill for lunch
00:13:46:18 – 00:13:52:20
that you see every single day
that just maybe resonates in your brain
00:13:52:20 – 00:13:56:19
relative to the pay increases
you get once a year.
00:13:56:20 – 00:14:00:04
So by design and from the beginning,
00:14:00:06 – 00:14:05:06
what why was the fiat money
set up in 1913 to begin with?
00:14:05:08 – 00:14:06:03
Number one,
00:14:06:03 – 00:14:10:15
because government wanted to tax you
without having to go through legislation.
00:14:10:18 – 00:14:13:20
And inflation
does that because they’re the ones that
00:14:13:20 – 00:14:18:10
get to use the money first
when it has the most value
00:14:18:10 – 00:14:21:18
by the time it trickles through the system
and we get it,
00:14:21:20 – 00:14:25:12
it has a far less purchasing power value.
00:14:25:14 – 00:14:30:14
And number two, corporations
want to pay you less, but they knew
00:14:30:14 – 00:14:33:21
if you’re used to getting ten bucks,
you’re not going to accept five.
00:14:33:23 – 00:14:39:07
But if they can make that
ten bucks, spend like five,
00:14:39:09 – 00:14:42:09
then you that creates that
00:14:42:11 – 00:14:47:12
nominal confusion in both cases
where you’re looking at a higher number.
00:14:47:12 – 00:14:49:07
So you think you’re getting more.
00:14:49:07 – 00:14:53:08
But inflation is moving much more quickly
than the raise in wages.
00:14:53:13 – 00:14:58:04
And so in reality,
corporations are paying you less and less.
00:14:58:10 – 00:15:02:19
And this is what has enabled
that wealth and income inequality.
00:15:02:21 – 00:15:06:22
But people are starting to wake up
and things are shifting.
00:15:06:22 – 00:15:11:09
And I hope they wake up fast enough
because we vote with our wallets.
00:15:11:09 – 00:15:13:15
And this is my vote.
00:15:13:15 – 00:15:17:19
The discontent comes
even as a strong labor market
00:15:17:21 – 00:15:21:23
appreciating home values
and the stock market rebound
00:15:22:02 – 00:15:26:06
has made some positive
about their financial situation
00:15:26:08 – 00:15:29:07
because there’s nothing more depressing
than opening up
00:15:29:07 – 00:15:33:22
your 401k statement
and seeing your holdings go down.
00:15:34:00 – 00:15:37:23
So if they can make things
appear to be going up,
00:15:38:01 – 00:15:42:01
then you feel wealthy,
you’re more likely to continue to spend.
00:15:42:03 – 00:15:46:09
But in reality, when you go to the
grocery store, when you go out for dinner,
00:15:46:14 – 00:15:50:19
when you go out for lunch
and you see those new prices,
00:15:50:21 – 00:15:55:17
I mean, doesn’t
it give you cause for pause?
00:15:55:19 – 00:15:56:10
Doesn’t that
00:15:56:10 – 00:15:59:10
make you
wonder what’s really happening here?
00:15:59:10 – 00:16:03:22
And if you understand the truth,
because the truth is, is we’re at the end
00:16:03:22 – 00:16:08:18
of of this whole fiat money
experiment at the end.
00:16:08:19 – 00:16:12:00
Another potential problem,
the average person
00:16:12:03 – 00:16:17:13
may not completely understand
that some inflation is considered normal.
00:16:17:16 – 00:16:21:07
Who’s considered normal buy
because inflation is not
00:16:21:07 – 00:16:25:11
a monetary phenomena
and it’s a fiat money phenomenon.
00:16:25:11 – 00:16:29:14
It’s by design
because because inflation creates
00:16:29:14 – 00:16:33:22
nominal confusion,
nominal confusion is really simple.
00:16:34:00 – 00:16:37:08
You had a $20 bill a year ago,
you got a $20 bill.
00:16:37:08 – 00:16:40:16
Today, it’s the same $20 bill.
00:16:40:18 – 00:16:43:15
But what that $20 bill bought you
00:16:43:15 – 00:16:47:18
a year ago, six months ago, a week ago,
and what it buys
00:16:47:18 – 00:16:51:12
you today is vastly, vastly different.
00:16:51:14 – 00:16:54:10
That’s where your gold comes in, because
00:16:54:10 – 00:16:57:19
gold holds
your purchasing power over time.
00:16:58:01 – 00:16:59:06
They can manipulate it.
00:16:59:06 – 00:17:01:22
They can make it
look this way or that way.
00:17:01:22 – 00:17:04:18
The truth
lies in the physical only markets
00:17:04:18 – 00:17:08:18
where you can see these coins making
00:17:08:20 – 00:17:11:14
new highs,
and especially in the ultra rarities,
00:17:11:14 – 00:17:14:11
which are where the one percenters
hang out.
00:17:14:11 – 00:17:17:21
But okay, some inflation is considered
00:17:17:21 – 00:17:21:01
normal by central banks
00:17:21:03 – 00:17:24:05
and in fact, the Federal Reserve,
which sets U.S.
00:17:24:05 – 00:17:29:19
monetary policy, aims
for a 2% increases in prices each year.
00:17:29:20 – 00:17:33:01
That’s
so that it’s low enough that you don’t ask
00:17:33:01 – 00:17:36:09
for more money
and you don’t make any of those changes.
00:17:36:11 – 00:17:39:06
Deflation is when prices decrease.
00:17:39:06 – 00:17:43:08
It actually seen as bad for the economy
00:17:43:10 – 00:17:46:02
because have we not witnessed that?
00:17:46:02 – 00:17:49:22
It is very important for banks
to make a profit, for corporations
00:17:49:22 – 00:17:53:22
to make a profit,
and for the public to eat it on the chin?
00:17:53:23 – 00:17:56:05
Have we not seen that over
00:17:56:05 – 00:17:59:05
and over and over again?
00:17:59:07 – 00:18:00:05
Deflation.
00:18:00:05 – 00:18:05:07
If you have more money to buy goods and
services, why is that a bad thing for you?
00:18:05:09 – 00:18:08:07
But the reality is, is
there’s only one way
00:18:08:07 – 00:18:11:18
to fight inflation,
and that’s with deflation
00:18:11:20 – 00:18:16:07
and only one way to fight deflation,
and that’s with inflation.
00:18:16:09 – 00:18:19:09
And the way the system has been set up,
00:18:19:11 – 00:18:23:23
it’s deflationary and you can see that
from the decline in interest
00:18:24:01 – 00:18:27:10
from the seventies to the eighties, etc..
00:18:27:12 – 00:18:31:03
And so, yeah, you use the the inflation
00:18:31:03 – 00:18:35:11
and to counter that and interest rates
were the key tool
00:18:35:11 – 00:18:39:09
in regulating the rate
and speed of inflation.
00:18:39:11 – 00:18:42:03
So when interest rates were anchored
00:18:42:03 – 00:18:47:08
for 15 years at zero
00:18:47:10 – 00:18:49:02
and encouraged
00:18:49:02 – 00:18:51:23
so much debt
00:18:51:23 – 00:18:56:06
from governments,
from corporations, from individuals,
00:18:56:08 – 00:18:59:08
well if your income keeps pace with it
00:18:59:10 – 00:19:03:10
and the confidence is retained
in the currency,
00:19:03:12 – 00:19:05:13
you can make it last a long time.
00:19:05:13 – 00:19:08:20
And so people get used to it
like that’s the norm.
00:19:08:22 – 00:19:13:04
But the reality is
00:19:13:06 – 00:19:16:06
it’s a Ponzi scheme
00:19:16:09 – 00:19:18:17
and in the end of it,
00:19:18:17 – 00:19:22:05
whatever assets that you hold, well,
00:19:22:07 – 00:19:26:21
you better have a strategy
on how to pay that wealth off immediately,
00:19:26:23 – 00:19:31:01
because if you’re counting on this to do
it, it’s not going to do it.
00:19:31:03 – 00:19:35:23
Not if this is what you’re holding on to,
if you’re counting on this to do it.
00:19:36:01 – 00:19:39:23
And then when you need to pay off
that mortgage or the other fixed rate debt
00:19:39:23 – 00:19:44:01
that you have,
you convert it into there at that time.
00:19:44:03 – 00:19:45:14
Guess what?
00:19:45:14 – 00:19:47:15
That’s the government strategy.
00:19:47:15 – 00:19:51:01
You get to repay that debt with dollars
00:19:51:01 – 00:19:55:07
that have virtually no value.
00:19:55:09 – 00:20:00:10
So it might take 100,000 today.
00:20:00:12 – 00:20:03:16
I’m going to show you this
because there was another just recent
00:20:03:16 – 00:20:07:17
devaluation and I’m going to show you
what that looks like yet again.
00:20:07:19 – 00:20:09:13
But you get to repay.
00:20:09:13 – 00:20:13:12
You liquidate as much as you need to,
and you repay that debt
00:20:13:14 – 00:20:18:07
and it’ll cost you a whole lot
less tomorrow if you’re in the right place
00:20:18:12 – 00:20:22:23
at the right time with the right asset,
then it does today,
00:20:23:00 – 00:20:26:04
because the reality is, is inflation,
00:20:26:08 – 00:20:29:05
is that hidden tax in fiat money?
00:20:29:05 – 00:20:34:19
And it is absolutely what has enabled
that wealth inequality.
00:20:34:21 – 00:20:40:07
But even so,
if everything is built on debt,
00:20:40:09 – 00:20:45:01
when things go candy warps
and you can’t repay that debt,
00:20:45:03 – 00:20:49:10
then it becomes a domino effect
because it doesn’t just impact you,
00:20:49:12 – 00:20:53:03
but it impacts the lenders,
whoever loan that money to you.
00:20:53:08 – 00:20:56:19
If the collateral is now worth less
00:20:56:21 – 00:21:00:21
than the debt
that you have on that collateral,
00:21:00:23 – 00:21:03:10
you’re not even going to want to pay it.
00:21:03:10 – 00:21:07:00
And then if it impacts the lenders,
then it’s harder to generate
00:21:07:00 – 00:21:11:07
even more debt, which is what
this whole system is based on.
00:21:11:09 – 00:21:14:01
Can you see the problem?
00:21:14:01 – 00:21:15:22
And that’s what they’re talking about.
00:21:15:22 – 00:21:20:19
The talking about the taking
of all of that collateral.
00:21:20:21 – 00:21:24:18
Government backed fiat money is the wealth
00:21:24:20 – 00:21:28:11
transfer tool
because they knew that people
00:21:28:11 – 00:21:32:11
marry legal of the money,
the legal money of the state.
00:21:32:13 – 00:21:34:20
This is what we’re talking about.
00:21:34:20 – 00:21:38:03
What you’re looking at here
is income inequality
00:21:38:08 – 00:21:42:17
from 1820 through 2022.
00:21:42:19 – 00:21:45:15
Here’s where it bottomed in 1980.
00:21:45:15 – 00:21:49:05
So the shift to take us
and put us on a purely debt based
00:21:49:05 – 00:21:54:21
standard with the central banks
and control occurred in 1971.
00:21:54:23 – 00:22:01:14
Then we bottomed out in 1980 or this is
this is the 1%.
00:22:01:16 – 00:22:04:09
Let me put that in there. Okay.
00:22:04:09 – 00:22:07:00
So the
00:22:07:02 – 00:22:09:16
sort of burnt orange line
00:22:09:16 – 00:22:15:09
is pretax national income
returns on the bottom 50%.
00:22:15:10 – 00:22:19:01
So in the purchasing power,
we peaked in 1980.
00:22:19:01 – 00:22:22:10
That was the most purchasing power
that you had.
00:22:22:15 – 00:22:27:16
And you can see how drastically that’s
changed through 2022.
00:22:27:18 – 00:22:30:18
And that straight line down there.
00:22:31:00 – 00:22:32:04
Thank you. Inflation.
00:22:32:04 – 00:22:35:15
It became apparent to all the blue line
00:22:35:15 – 00:22:39:19
is the pretax national
income of the top 1%.
00:22:39:21 – 00:22:42:13
So the debt based system
00:22:42:13 – 00:22:46:06
put in place in 1971
00:22:46:08 – 00:22:49:05
kicked into gear in the early eighties.
00:22:49:05 – 00:22:54:17
And for those of us that were alive
then, you might recall the greedy eighties
00:22:54:19 – 00:22:58:21
and so this is as they were making
the transition and it happens every time
00:22:59:02 – 00:23:03:18
you allow a group to make a lot of money
and to be very, very visible.
00:23:03:20 – 00:23:05:02
And then they don’t realize
00:23:05:02 – 00:23:09:14
is that anything is changed
when in reality everything has changed
00:23:09:16 – 00:23:14:12
and we are already going through this
change because how do you go below zero?
00:23:14:12 – 00:23:18:10
I mean, that’s the question that I keep
answering asking, and I’m not hearing
00:23:18:10 – 00:23:21:10
anybody really answer that question
00:23:21:12 – 00:23:24:12
because they’re not paying attention
to the purchasing power.
00:23:24:12 – 00:23:30:02
The purchasing
power is essentially at zero.
00:23:30:04 – 00:23:32:03
So let’s take a look
00:23:32:03 – 00:23:36:01
at this, which is wealth inequality
at the same time.
00:23:36:01 – 00:23:41:17
Well, this is from 1913 to 2022.
00:23:41:19 – 00:23:42:04
Okay.
00:23:42:04 – 00:23:44:16
Now, this is the net.
00:23:44:16 – 00:23:48:13
Let’s
see the net personal wealth of the top 1%.
00:23:48:18 – 00:23:53:05
Again, it bottomed in 1980
00:23:53:07 – 00:23:55:19
and it has grown quite
00:23:55:19 – 00:23:59:10
nicely ever since,
thanks to all of that debt.
00:23:59:15 – 00:24:04:11
Now, what’s really interesting is
how much of those assets
00:24:04:13 – 00:24:07:13
are still tethered to debt
00:24:07:15 – 00:24:13:18
because ultimately all of those assets
are going to come back on to the market
00:24:13:20 – 00:24:17:10
for whoever
is holding their purchasing power.
00:24:17:12 – 00:24:18:08
Right.
00:24:18:08 – 00:24:22:23
What I’m trying to talk to you into
is taking advantage of the opportunity.
00:24:22:23 – 00:24:26:23
We can’t get out of the way,
but you can get into a position to retain
00:24:26:23 – 00:24:30:21
the wealth you’ve already accumulated
and to grow your wealth base
00:24:31:02 – 00:24:35:15
if you’re in the right place
at the right time with the right asset.
00:24:35:17 – 00:24:36:05
Right.
00:24:36:05 – 00:24:39:10
And that’s just a repetition of history
as well.
00:24:39:12 – 00:24:42:08
So net personal wealth of the top
00:24:42:08 – 00:24:47:02
1% has grown quite nicely since 1980
00:24:47:03 – 00:24:53:23
and declined
quite nicely for the middle 40%
00:24:54:01 – 00:24:57:05
at the
same time zone are the same time frame.
00:24:57:07 – 00:25:01:08
And what you need to understand
is that wealth never disappears.
00:25:01:13 – 00:25:04:13
It merely shifts location.
00:25:04:13 – 00:25:09:11
So you can see it went from the many
00:25:09:13 – 00:25:11:14
to the few.
00:25:11:14 – 00:25:15:22
It went from the many,
00:25:16:00 – 00:25:19:00
the many to the few.
00:25:19:01 – 00:25:22:01
This whole system has what’s enabled
00:25:22:02 – 00:25:25:18
income and wealth inequality.
00:25:25:20 – 00:25:29:14
Make no mistake about it,
00:25:29:16 – 00:25:32:20
the era of debt
money is the era of extreme
00:25:32:20 – 00:25:38:14
income and wealth inequality
even worse than it was 1929.
00:25:38:16 – 00:25:40:00
Quite honestly.
00:25:40:00 – 00:25:42:12
And they were kicking that system off.
00:25:42:12 – 00:25:43:20
That was the beginning.
00:25:43:20 – 00:25:46:11
This is the end.
00:25:46:11 – 00:25:47:07
Argentina.
00:25:47:07 – 00:25:51:02
I want to talk a little bit a bit
about Argentina, because it’s a great
00:25:51:02 – 00:25:55:18
example of what is coming in
our relatively near future.
00:25:55:18 – 00:25:58:15
I can’t tell you exactly when,
but it’s coming.
00:25:58:15 – 00:26:02:17
Argentine is a starts shock therapy
00:26:02:19 – 00:26:06:22
by devaluing the peso by 50%.
00:26:07:00 – 00:26:10:06
Wow. That’s pretty shocking.
00:26:10:08 – 00:26:13:06
Shock therapy already did that.
00:26:13:06 – 00:26:15:06
Who does this really hurt?
00:26:15:06 – 00:26:17:12
Who’s really shocked the most?
00:26:17:12 – 00:26:19:08
People that don’t sit in gold.
00:26:19:08 – 00:26:21:15
I’m going to show you that in a second.
00:26:21:15 – 00:26:24:12
But your salary in the private sector,
00:26:24:12 – 00:26:27:08
in the public sector, in the popular
00:26:27:08 – 00:26:32:21
in social and solidaire economy,
in the co-operative or informal sector
00:26:32:21 – 00:26:36:00
for retirees and pensioners, will you
00:26:36:00 – 00:26:39:19
you will get half in the supermarket.
00:26:39:21 – 00:26:44:04
Do you really think that people
are not going to protest?
00:26:44:06 – 00:26:48:10
Are we on the verge of a global revolt?
00:26:48:12 – 00:26:49:09
That’s my hope.
00:26:49:09 – 00:26:52:16
I mean, I hope that it is a nonviolent
00:26:52:18 – 00:26:53:18
revolt and we
00:26:53:18 – 00:26:56:21
can do
that just by voting with our wallets,
00:26:56:21 – 00:27:00:12
just by buying gold and silver
and getting your wealth out of the system.
00:27:00:16 – 00:27:06:15
We’re at least get it properly,
properly balanced, so that if everything
00:27:06:15 – 00:27:10:17
you hold in the stock market, in the bond
market goes away, this goes up.
00:27:10:17 – 00:27:13:10
And so you have maintained your wealth.
00:27:13:10 – 00:27:16:00
Again, if you have not clicked
that Cowlersley link
00:27:16:00 – 00:27:20:22
and gotten your strategy in place,
get it in place and the sooner the better,
00:27:21:00 – 00:27:23:10
because by design
00:27:23:10 – 00:27:26:19
when they do this, it’s
those that are not holding gold.
00:27:26:21 – 00:27:29:21
So the most vulnerable,
00:27:29:22 – 00:27:32:17
they’re the ones that suffer the most.
00:27:32:17 – 00:27:36:21
Just keep in mind
you vote with your wallet, food, water,
00:27:36:21 – 00:27:41:20
energy, security, barter, ability,
wealth preservation, community in shelter.
00:27:41:22 – 00:27:48:01
You got to have these things in order to
sustain a reasonable standard of living.
00:27:48:05 – 00:27:51:20
And I’ve got to remind you of this,
because how can they take all of this
00:27:51:20 – 00:27:54:03
wealth and and, you know, read the book.
00:27:54:03 – 00:27:55:07
It was a great read.
00:27:55:07 – 00:27:58:20
And and like I said, Taylor
is going to break it down even further.
00:27:59:02 – 00:28:04:19
But I wanted to remind
you of really who legally
00:28:04:21 – 00:28:08:02
owns all of these fiat money
00:28:08:04 – 00:28:12:06
assets because it’s not you.
00:28:12:08 – 00:28:15:18
The legal owner is up here at the top
and it’s
00:28:15:18 – 00:28:19:12
C, then company, D, D, c, C,
and who owns that?
00:28:19:12 – 00:28:24:00
But all these small banking conglomerates,
they’re the ones that own it.
00:28:24:06 – 00:28:26:15
They’re the legal registered owner.
00:28:26:15 – 00:28:29:13
That’s the only owner
that is acknowledged.
00:28:29:13 – 00:28:34:05
That Court
You are way down here on the bottom.
00:28:34:07 – 00:28:37:23
So you make all of those deposits
and take all of those risks.
00:28:37:23 – 00:28:40:23
But everybody between here,
00:28:41:00 – 00:28:46:02
you’re just the beneficial owner
and so is everybody in between.
00:28:46:04 – 00:28:50:04
So when they’re talking about that
great taking, that’s why
00:28:50:05 – 00:28:54:23
all of that collateral is vulnerable
00:28:55:01 – 00:28:57:13
because it’s done on debt.
00:28:57:13 – 00:29:01:21
And even let’s talk about
residential real estate for a minute.
00:29:02:01 – 00:29:04:00
Let’s say your house is paid off,
00:29:04:00 – 00:29:06:16
which a lot of people’s
homes are paid off, thank goodness.
00:29:06:16 – 00:29:07:04
So you’re saying.
00:29:07:04 – 00:29:11:12
Well, I’m not doing that on debt,
but cities, states,
00:29:11:14 – 00:29:16:16
municipalities,
how do they generate income taxes?
00:29:16:21 – 00:29:19:03
And real estate is immovable.
00:29:19:03 – 00:29:24:03
You cannot put it on your back and
walk away with it and go somewhere else.
00:29:24:04 – 00:29:28:10
So you have to make sure that you have
and I don’t do it with this.
00:29:28:10 – 00:29:29:20
There’s another tool that I use.
00:29:29:20 – 00:29:32:05
I do it with gold.
There’s different kinds of gold.
00:29:32:05 – 00:29:36:11
There’s different levels of gold depending
upon what you need to accomplish.
00:29:36:16 – 00:29:41:07
But the strategy that we execute
can determine the most likely
00:29:41:07 – 00:29:46:17
amount of gold in the different forms
that you need to be able to
00:29:46:19 – 00:29:48:13
pay off your mortgage,
00:29:48:13 – 00:29:52:05
pay your property taxes, etc..
00:29:52:06 – 00:29:56:03
So it’s critically important
that you get this in.
00:29:56:03 – 00:30:01:05
You get into place as quickly as you can,
because as I showed you in the monetary
00:30:01:05 – 00:30:05:03
velocity chart, things are shifting
00:30:05:04 – 00:30:07:10
things are changing,
00:30:07:10 – 00:30:10:01
and we don’t know the exact moment
00:30:10:01 – 00:30:13:00
when all choice will be lost.
00:30:13:00 – 00:30:18:03
But what we do know, thanks to this Yale
Law Study,
00:30:18:05 – 00:30:20:01
is that you
00:30:20:01 – 00:30:24:04
are not the legal registered owner
of those fiat money products,
00:30:24:06 – 00:30:28:15
and you can only convert them back
into this garbage.
00:30:28:17 – 00:30:29:10
Right.
00:30:29:10 – 00:30:35:13
Which means that when all confidence
in the currency is gone, you have nothing.
00:30:35:15 – 00:30:36:18
Nothing.
00:30:36:18 – 00:30:40:10
And are you ready to work
from scratch again?
00:30:40:10 – 00:30:44:02
Because of what they have in
mind, they get to pull off.
00:30:44:04 – 00:30:46:05
Yeah.
00:30:46:05 – 00:30:48:22
The reality is
00:30:48:22 – 00:30:53:01
if you don’t hold it, you don’t own it.
00:30:53:03 – 00:30:58:01
And all of that collateral,
all that’s been used by God knows how many
00:30:58:01 – 00:31:03:09
companies between you and the legal owner
think back to 2008.
00:31:03:11 – 00:31:08:01
What happened was disgusting,
evil, despicable and everything else.
00:31:08:07 – 00:31:09:19
But who went to jail?
00:31:09:19 – 00:31:11:22
No one,
00:31:11:22 – 00:31:14:09
because they’re the ones
that write these contracts
00:31:14:09 – 00:31:17:09
on this stuff.
00:31:17:10 – 00:31:19:19
And you don’t read the contracts.
00:31:19:19 – 00:31:23:01
But the reality is you got to hold it.
00:31:23:03 – 00:31:24:12
You got to own it.
00:31:24:12 – 00:31:29:06
And gold is the only financial asset
that runs no counterparty risk.
00:31:29:08 – 00:31:36:03
Everything else, everything else is
counterparty risk and is being used
00:31:36:03 – 00:31:41:01
as collateral, which will evaporate
from one hand to the other.
00:31:41:02 – 00:31:41:20
Remember?
00:31:41:20 – 00:31:44:08
Well, never disappears.
00:31:44:08 – 00:31:46:20
It merely shifts location.
00:31:46:20 – 00:31:50:01
And I’ve had people. Question
00:31:50:03 – 00:31:51:21
Well, Lynnette, how do you know that
00:31:51:21 – 00:31:55:18
they’re going to revalue
the currency against gold?
00:31:55:20 – 00:31:57:20
Well, number one,
00:31:57:20 – 00:32:00:20
because gold is the primary
currency metal.
00:32:01:00 – 00:32:04:00
And we’ve been watching
global central banks
00:32:04:02 – 00:32:07:17
amass more gold than they ever have since.
00:32:07:17 – 00:32:10:17
Tracking
of how much they’re accumulating began.
00:32:10:18 – 00:32:14:12
They’re getting ready
for resetting the currencies.
00:32:14:14 – 00:32:17:14
Number two, because gold
00:32:17:14 – 00:32:20:13
is 100% functionality
00:32:20:18 – 00:32:24:05
and 100% intrinsic value.
00:32:24:10 – 00:32:27:09
And I know that I’m repetitive
with a lot of this stuff,
00:32:27:15 – 00:32:31:18
but that’s because it takes
the normal person at least seven times
00:32:31:18 – 00:32:35:08
of hearing the same thing
before it begins to make sense.
00:32:35:10 – 00:32:38:12
This is all intrinsic value because it is
00:32:38:12 – 00:32:41:12
used in every single sector
of the global economy,
00:32:41:14 – 00:32:44:22
and they have never been able to recreate
00:32:45:00 – 00:32:48:09
its attributes in a lab.
00:32:48:11 – 00:32:52:15
So gold
And the same thing can be said for silver.
00:32:52:17 – 00:32:57:13
So gold and silver
are have the broadest base of buyer
00:32:57:17 – 00:33:01:22
and the broadest base of functionality.
00:33:02:00 – 00:33:03:20
And if you’re going to reset something
00:33:03:20 – 00:33:07:17
that has absolutely zero value,
00:33:07:19 – 00:33:10:00
you reset it again, something
00:33:10:00 – 00:33:13:11
that’s all value
00:33:13:13 – 00:33:16:13
and gold has been proven
00:33:16:16 – 00:33:21:15
over and over and over again
to have the confidence of the masses,
00:33:21:20 – 00:33:28:04
you look no further than what’s happening
in Zimbabwe with them issuing gold coins
00:33:28:08 – 00:33:32:13
and trying to do a gold backed cbdc,
which is cloudier.
00:33:32:15 – 00:33:33:17
Okay.
00:33:33:17 – 00:33:37:00
But they know that all confidence
in that currency
00:33:37:00 – 00:33:40:00
is lost
because of the ongoing hyperinflation,
00:33:40:04 – 00:33:45:17
because they don’t change behavior,
but they don’t change here or anywhere.
00:33:45:19 – 00:33:49:20
They just change how they account
for that behavior.
00:33:49:22 – 00:33:53:00
But going back to what we said
in the beginning with
00:33:53:00 – 00:33:57:13
with the normal public
being really disillusioned because
00:33:57:14 – 00:34:02:12
their experience is too in-your-face,
now they see it too much.
00:34:02:12 – 00:34:05:12
And to easily and that’s my hope,
00:34:05:17 – 00:34:10:17
is that enough
people wake up, vote with their wallets,
00:34:10:19 – 00:34:14:00
make sure that they have food,
water, energy, security,
00:34:14:00 – 00:34:17:08
barter, ability,
wealth preservation, community in shelter
00:34:17:08 – 00:34:23:02
so that they can sustain
a reasonable standard of living.
00:34:23:04 – 00:34:24:00
We can come
00:34:24:00 – 00:34:27:18
together in community and say no.
00:34:27:20 – 00:34:31:16
And as we’ve been learning from the gains
00:34:31:16 – 00:34:36:17
and the winds from the unions,
00:34:36:19 – 00:34:40:17
when enough people come together,
00:34:40:19 – 00:34:43:07
they’ve got to hear our voices.
00:34:43:07 – 00:34:44:19
So that’s my hope.
00:34:44:19 – 00:34:50:11
But let’s go back to here,
because this is the reset right?
00:34:50:13 – 00:34:52:02
And this is the U.S.
00:34:52:02 – 00:34:56:02
dollar versus the Argentinean peso.
00:34:56:04 – 00:34:58:13
Okay. So you can say, well, look at that.
00:34:58:13 – 00:35:02:10
They revalued the peso against the dollar
00:35:02:14 – 00:35:06:14
and look at the dollar
went bam, straight up.
00:35:06:19 – 00:35:08:12
That’s on 1213.
00:35:08:12 – 00:35:10:20
So just a couple weeks ago.
00:35:10:20 – 00:35:12:11
So look at this.
00:35:12:11 – 00:35:15:02
Doesn’t that mean that the dollar is good?
00:35:15:02 – 00:35:18:14
Well, again,
have you been out to eat lately?
00:35:18:15 – 00:35:21:10
Have you been to the grocery store lately?
00:35:21:10 – 00:35:24:07
So you’re trading one Fiat for the other.
00:35:24:07 – 00:35:28:20
And it’s this it’s the simple fact
that the Argentinean Pacer was
00:35:28:22 – 00:35:31:04
devalued overnight
00:35:31:06 – 00:35:34:22
and the US dollar was devalued.
00:35:35:00 – 00:35:36:18
Well,
00:35:36:18 – 00:35:39:20
with the inflation heating up, that’s
what made it noticeable.
00:35:40:02 – 00:35:44:22
But if they can keep it under that radar,
you stay in it and you don’t realize it.
00:35:45:03 – 00:35:48:11
And it really is like a spring
00:35:48:13 – 00:35:51:13
if you hold the spring down
because this is a suppression
00:35:51:13 – 00:35:54:13
of gold prices to its true
fundamental value
00:35:54:19 – 00:36:00:10
you hold that spring down when you release
that spring it shoots in a direction
00:36:00:15 – 00:36:04:16
and this is still not
the spring going to keep looking,
00:36:04:18 – 00:36:07:17
but it shoots in a direction
00:36:07:17 – 00:36:12:10
monetary reevaluations always
have to be against more stable money.
00:36:12:13 – 00:36:15:10
So at the moment
00:36:15:10 – 00:36:20:05
the dollar is a bit more stable
00:36:20:07 – 00:36:22:09
than the peso. Right?
00:36:22:09 – 00:36:26:02
And if I walk into your house
every night over 30 years
00:36:26:02 – 00:36:29:10
and I take one button
at the end of 30 years, I’m going to have
00:36:29:10 – 00:36:32:10
an awful lot of your buttons,
but you’re probably not going to notice.
00:36:32:13 – 00:36:36:16
If I go in tonight
and take 95% of your buttons tomorrow,
00:36:36:16 – 00:36:39:16
when you go to get dressed,
you’re probably going to notice that
00:36:39:19 – 00:36:43:03
that’s the difference
between inflation and hyperinflation.
00:36:43:05 – 00:36:47:00
That’s also the difference
between revaluing one currency against
00:36:47:00 – 00:36:52:01
another currency, which is a smokescreen
so that you don’t know what’s going on
00:36:52:07 – 00:36:57:02
and revaluing it against gold
because all you have to do
00:36:57:07 – 00:37:00:15
is look at the purchasing power of the US
00:37:00:15 – 00:37:05:00
dollar to see how much that’s declined
00:37:05:02 – 00:37:06:21
and it’s only going to get worse.
00:37:06:21 – 00:37:10:08
As I showed you in the monetary velocity,
00:37:10:10 – 00:37:11:12
Maybe I’m wrong.
00:37:11:12 – 00:37:12:18
I don’t think I’m wrong
00:37:12:18 – 00:37:14:00
and I’m not usually wrong
00:37:14:00 – 00:37:17:19
about those things because I’ve been
living in this arena forever.
00:37:17:21 – 00:37:20:20
My job is not to keep you in the system.
00:37:20:20 – 00:37:25:13
My job is to get you to protect yourself
from what they intend to do.
00:37:25:13 – 00:37:28:06
Because the more of us that understand
what’s happening
00:37:28:06 – 00:37:32:15
and move forward appropriately,
the more power we have collectively,
00:37:32:17 – 00:37:36:17
we have to come together in community
00:37:36:19 – 00:37:38:17
because that’s not getting better.
00:37:38:17 – 00:37:42:13
Now, this is spot gold versus
00:37:42:13 – 00:37:47:20
the Argentinean peso and in reality,
00:37:47:21 – 00:37:51:19
gold, physical gold is still worth
a whole lot more than that.
00:37:51:23 – 00:37:57:14
But you can see that it has the same kind
of initial price action
00:37:57:18 – 00:38:01:14
to a 50% revaluation.
00:38:01:16 – 00:38:03:17
Can you see it?
00:38:03:19 – 00:38:06:12
But physical gold is simply
00:38:06:12 – 00:38:11:09
the most stable money there is.
00:38:11:11 – 00:38:16:10
And if you want to know the US dollar
to the physical gold market,
00:38:16:15 – 00:38:19:18
I keep showing you
that which is making new highs,
00:38:20:00 – 00:38:24:10
especially where the one percenters
live in the ultra rarities.
00:38:24:12 – 00:38:27:00
So what are you going to do? Right?
00:38:27:00 – 00:38:29:18
What do you want to go into this
reset with?
00:38:29:18 – 00:38:32:22
You want to go into it with dollars.
00:38:33:01 – 00:38:37:10
And this is supposed to be I don’t know
00:38:37:12 – 00:38:43:16
the best horse in the glue factory, right?
00:38:43:18 – 00:38:46:02
Because here’s the opportunity.
00:38:46:02 – 00:38:49:02
If you hold your purchasing power
and this is what I really wanted
00:38:49:02 – 00:38:53:04
to talk to you about today,
because melee sets up margins.
00:38:53:05 – 00:38:56:12
Argentina, privatizations,
00:38:56:14 – 00:39:01:00
privatizations
mean that you’re going to sell off assets
00:39:01:02 – 00:39:04:21
that the government holds to the public.
00:39:04:23 – 00:39:07:20
Like, I don’t know, let’s say the official
00:39:07:20 – 00:39:11:21
and the and the chief police station,
00:39:11:23 – 00:39:14:05
they’re going to sell them off
because they need the money
00:39:14:05 – 00:39:15:08
and then they’re going to turn around
00:39:15:08 – 00:39:18:16
and lose some back for you
because they need the police station.
00:39:18:18 – 00:39:20:21
Right. You see what I’m saying?
00:39:20:21 – 00:39:23:04
So opportunities are coming.
00:39:23:04 – 00:39:25:14
This is not the time to be doing this.
00:39:25:14 – 00:39:30:13
And your pockets are likely
not deep enough for this yet.
00:39:30:15 – 00:39:34:07
But history has shown us over
and over again
00:39:34:09 – 00:39:39:13
that these opportunities
will be will be up.
00:39:39:15 – 00:39:41:09
They’ll be so much of it.
00:39:41:09 – 00:39:44:09
If you can advantage of them.
00:39:44:12 – 00:39:46:14
Again, wealth never disappears.
00:39:46:14 – 00:39:48:10
It just shifts location.
00:39:48:10 – 00:39:51:16
So start looking at,
what would I like to own?
00:39:51:18 – 00:39:55:19
Because by the time we see that
cup formation on the bottom,
00:39:55:19 – 00:39:58:07
when things have bottomed out
and I’m going to show you that
00:39:58:07 – 00:40:03:01
because I’m going to show you when I’m
starting to shift some of my gold holdings
00:40:03:01 – 00:40:07:04
into these income producing assets
when they are undervalued.
00:40:07:07 – 00:40:10:00
Right now you have gold down here.
00:40:10:00 – 00:40:15:22
You have those other producing assets up
here, but that’s going to flip flop.
00:40:16:00 – 00:40:18:12
And once we see that cup formation,
00:40:18:12 – 00:40:22:03
that’s when we’re going to start
to convert somewhere near a bottom.
00:40:22:03 – 00:40:26:04
And frankly, if I ever get to the bottom
or out at a top, that’s luck.
00:40:26:09 – 00:40:29:09
I’m never looking
really looking to do that.
00:40:29:13 – 00:40:32:11
But I know how to read the signs
00:40:32:11 – 00:40:36:21
and that’s what we want to do. So
00:40:36:23 – 00:40:38:00
repeal rules.
00:40:38:00 – 00:40:43:06
So what they’re doing in order
to privatize and be able to sell this off
00:40:43:08 – 00:40:49:01
to private entities, private corporations,
individuals that they repeal
00:40:49:01 – 00:40:54:04
the rules that impede the private,
private ization of state companies
00:40:54:06 – 00:40:56:14
listing the reforms and bullet points.
00:40:56:14 – 00:41:01:16
He added that all state businesses
would have their legal structure changed
00:41:01:18 – 00:41:05:06
to fully clear the path to privatization.
00:41:05:08 – 00:41:07:13
That’s going to happen here as well.
00:41:07:13 – 00:41:10:10
With his privatization push, Melaye mimics
00:41:10:10 – 00:41:14:07
a similar policy pursued by ex
president, blah, blah, blah.
00:41:14:09 – 00:41:20:03
The market friendly leader of the 1990s
who sold several strategic assets
00:41:20:03 – 00:41:25:00
in an attempt to downsize government
after a period of hyperinflation.
00:41:25:02 – 00:41:28:09
This is a repetitive pattern.
00:41:28:11 – 00:41:33:13
You want to be in the right place
at the right time with the right asset.
00:41:33:15 – 00:41:39:01
This is what puts you in that position
because again, I can’t
00:41:39:01 – 00:41:40:23
I cannot repeat this.
00:41:40:23 – 00:41:43:17
Enough wealth never disappears.
00:41:43:17 – 00:41:45:13
It just shifts location.
00:41:45:13 – 00:41:49:00
If you bought a stock at 100
and it’s sitting at a buck,
00:41:49:01 – 00:41:50:17
that wealth didn’t disappear.
00:41:50:17 – 00:41:54:10
It just went to the person,
that soldier, that stock at 100.
00:41:54:12 – 00:41:58:17
Same thing
with all of these real estate assets.
00:41:58:19 – 00:42:00:08
Now, what’s going to survive?
00:42:00:08 – 00:42:04:01
Because we’re going through
a complete transformation
00:42:04:03 – 00:42:09:18
of the financial system,
the social system and the monetary system.
00:42:09:20 – 00:42:12:06
We don’t know that yet.
00:42:12:06 – 00:42:17:17
But we will moving into the future,
we will absolutely know.
00:42:17:19 – 00:42:21:23
And when we see that the smart money
has begun to accumulate,
00:42:22:04 – 00:42:27:09
like we’ve seen
the global central bankers do with gold,
00:42:27:11 – 00:42:28:14
that’s when we make our
00:42:28:14 – 00:42:31:14
shift and we do it straight logically.
00:42:31:16 – 00:42:34:05
So you should be thinking about that now
00:42:34:05 – 00:42:37:02
so that when the time comes, you’re ready.
00:42:37:02 – 00:42:41:09
But if you want to be ready, what
you should be doing is accumulating gold
00:42:41:11 – 00:42:43:23
and there are different kinds of gold.
00:42:43:23 – 00:42:45:09
So you want to accumulate.
00:42:45:09 – 00:42:47:21
In my opinion,
and what I’ve done personally,
00:42:47:21 – 00:42:52:08
not what I think you should do,
but what I’ve done personally is you want
00:42:52:10 – 00:42:56:18
I want to own the kind of gold
that is least likely
00:42:56:18 – 00:43:01:03
to be taken away from you,
or even if you say, Well, I’m
00:43:01:03 – 00:43:06:08
not going to turn in my gold,
I want the kind of gold that legally
00:43:06:10 – 00:43:10:18
I can use in the normal marketplace
to take advantage of these opportunities
00:43:10:20 – 00:43:13:13
that are coming.
00:43:13:15 – 00:43:15:00
Thank you, Uncle Al.
00:43:15:00 – 00:43:15:17
Seriously.
00:43:15:17 – 00:43:18:17
Thank you, Uncle Al,
because he was holding
00:43:18:18 – 00:43:21:12
at least 3000 ounces of gold
00:43:21:12 – 00:43:25:04
when it was in the right form,
00:43:25:06 – 00:43:29:01
when it was illegal
to hold more than five ounces
00:43:29:05 – 00:43:31:09
because he was holding it
in the right form.
00:43:31:09 – 00:43:33:04
The pre 30 threes.
00:43:33:04 – 00:43:37:06
And since gold spot
gold is so severely suppressed
00:43:37:06 – 00:43:39:12
and undervalued, it’s a bargain.
00:43:39:12 – 00:43:44:23
Even above 2000 an ounce, it should be
at least 15,000 an ounce minimum.
00:43:45:04 – 00:43:49:14
And I don’t know what that ratio
is going to be yet.
00:43:49:14 – 00:43:52:14
Nobody’s going to know it
until they announce it.
00:43:52:14 – 00:43:56:22
But you just saw in Argentina,
a 50% devaluation
00:43:56:22 – 00:43:59:22
is not going to be the last one.
00:43:59:23 – 00:44:04:08
So you really want to
look at the last video
00:44:04:08 – 00:44:09:03
that I did in uncovering the truth
about who really controls inflation,
00:44:09:08 – 00:44:14:00
because we are not inside of a true
supply demand market.
00:44:14:02 – 00:44:16:12
We’re inside of a Wall Street market.
00:44:16:12 – 00:44:19:04
And Daniela had a phenomenal interview
00:44:19:04 – 00:44:22:04
with one of my favorite people,
Jorge Gammon.
00:44:22:04 – 00:44:24:20
We all know I love him so much.
00:44:24:20 – 00:44:27:16
So you want to catch that interview
00:44:27:16 – 00:44:30:14
And Taylor, does the Fed have authority
00:44:30:14 – 00:44:35:07
to issue a CB DC
without Congress’s approval?
00:44:35:09 – 00:44:40:12
Well, you know, it’s pretty easy to change
the rules and the laws and all of that.
00:44:40:12 – 00:44:43:15
So catch that video as well.
00:44:43:17 – 00:44:44:09
So if you
00:44:44:09 – 00:44:47:14
haven’t, again, click
that cowardly link below.
00:44:47:17 – 00:44:50:17
Set up a time
with one of our strategy specialists.
00:44:50:21 – 00:44:52:01
Get your own strategy.
00:44:52:01 – 00:44:55:19
You’re not just in place to make sure
that you are in the right place
00:44:55:19 – 00:44:58:01
at the right time with the right asset,
00:44:58:01 – 00:45:02:08
that you protect your current wealth,
that you’ve managed to accumulate,
00:45:02:10 – 00:45:06:21
and that you put yourself in a position
to accumulate more.
00:45:07:02 – 00:45:09:21
Because we are definitely going
00:45:09:21 – 00:45:13:05
into a position
where they’ll just be the few.
00:45:13:05 – 00:45:17:15
It’s like the feudal system
where they’ll just be a few hands
00:45:17:20 – 00:45:20:20
and everybody else that has to lease.
00:45:20:22 – 00:45:24:02
I don’t know about you,
but I definitely do not want
00:45:24:02 – 00:45:27:19
my children to be in that position.
00:45:27:21 – 00:45:29:18
Make sure you subscribe.
00:45:29:18 – 00:45:34:19
Give us a comment, give us a thumbs up
and watch the other videos.
00:45:34:19 – 00:45:36:07
But so important.
00:45:36:07 – 00:45:37:15
Share, share, share.
00:45:37:15 – 00:45:40:02
We do have that five minute video.
00:45:40:02 – 00:45:42:05
I guess it’s 5 minutes and 40 seconds.
00:45:42:05 – 00:45:45:00
You said something like that.
00:45:45:00 – 00:45:46:22
So that is that is complete.
00:45:46:22 – 00:45:48:20
And if you’re watching this,
00:45:48:20 – 00:45:51:14
you can watch it on our
I don’t know if they’d put it
00:45:51:14 – 00:45:55:14
on a landing page that it’ll be
in the description of this video.
00:45:55:17 – 00:46:00:10
It’s okay, but it’ll be in the
in the description on this video.
00:46:00:16 – 00:46:05:02
And this is one
that was specifically designed for you
00:46:05:02 – 00:46:10:09
to share to people that don’t believe
it’s not going to scare the crap.
00:46:10:10 – 00:46:12:10
Well,
it should scare the crap out of them,
00:46:12:10 – 00:46:15:15
but it’s not designed to scare the crap
out of them.
00:46:15:16 – 00:46:20:04
It’s designed to just open their minds
just a little bit
00:46:20:06 – 00:46:22:18
so that they can see what’s happening.
00:46:22:18 – 00:46:25:18
We don’t need everybody to understand
this.
00:46:25:20 – 00:46:31:05
We just need to build and grow this
community of people that understand it
00:46:31:07 – 00:46:39:04
and are more and more vocal
and more and more people are waking up. So
00:46:39:06 – 00:46:40:01
let’s hope we can
00:46:40:01 – 00:46:44:01
have a peaceful revolution.
00:46:44:03 – 00:46:47:12
Back to sound money
00:46:47:14 – 00:46:49:14
and until next we meet.
00:46:49:14 – 00:46:51:23
Please be safe out there. But.
