Episode Transcript
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Speaker 1 (00:04):
Every Patriot has an obligation to question authority. Those who
are honest are not concerned with your watchful vigilance, and
those with integrity are not concerned with your discernment. Every
American is obligated to voice their concerns and stand up
for their freedoms and liberties. One nation on your God,
(00:25):
indivisible with liberty and justice for all. Ladies and gentlemen.
Speaker 2 (00:33):
We are the men in the arena.
Speaker 1 (00:35):
We are the Patriot Confederation.
Speaker 3 (00:38):
We will live back down from buying.
Speaker 4 (00:42):
We're unfeed Americans, all right, Ladies and gentlemen, Welcome to
the Patriot Confederates for the final day of the month
(01:07):
of Groom, twenty twenty six.
Speaker 2 (01:10):
I'm your host, Bad Billy out of Twin Falls, Idaho,
joined as always by John Grovenor out of Nashua, New Hampshire,
New England. How's it going up there in the northeast, brother,
it's going Billy hot hot, right, I'll tell you what, man,
It is scorching out there, even in New England.
Speaker 5 (01:27):
I feel like I'm at Florida all over again.
Speaker 2 (01:29):
But other than that, yeah, you know, things are good. Oh,
it's been rather cool here.
Speaker 6 (01:35):
Going to Idaho.
Speaker 2 (01:37):
It's been rather cool. I mean today's pretty nice, not
so hot, not so cold. It's pretty nice though. Yes,
but uh, well, gotta say I'm not too happy. I'm
happy with the Supreme Court on one case, but not
very happy on the other. I mean, yes, now the
states can decide if biological men are allowed in women's sports,
(02:01):
which most states I think are going to strike that down.
But as far as uh, anchor babies are gonna still
going to be anchor babies. That's a problem.
Speaker 6 (02:14):
I think that's constitutional, isn't it. I mean, you're born
in the United States, you you are, you have a
right to be a US citizen. But uh, as far
as the previous issue goes, you know, state rights, man,
I mean, vote with your feet. If you don't like
your state doing what they're doing, move to a better state.
There's a lot of them in New England has called
New Hampshire.
Speaker 2 (02:34):
Yes, all right, joining us this week, I want to
welcome back to the Silver Guru David Morgan. Boy he
looks different sport and a beard. David, How you doing
I'm doing well?
Speaker 7 (02:48):
Thank you?
Speaker 2 (02:49):
Yes? Yes, so, Uh. I watched the UH recommended documentary
last night. However, I I didn't pass it on to
John for him to watch, so he'll kind of have
to shoot from the hip when whatever he hears. But
my goodness, this documentary that you helped produce cuts pretty deep.
(03:15):
My goods, we're not just talking about investing in precious metals.
We're talking about the collapse of the US dollar and
the effects of a digital currency.
Speaker 7 (03:29):
Exactly, Billy. I mean the purpose. First of all, I
was using a business coach at the time. I've done
that on and off a few times, and I really
resonated with this particular individual, and he started prompting me,
you know, what's your next step as far as contributing
to the cause. And you know, I thought, well, write
(03:52):
book number four. And then he said, why don't you
do a movie? Do a movie? You had your mind
anything about making a movie, right, So one thing I
led to another. And I don't know what your guys
belief system is. I certainly believe in God and I
definitely don't mind saying that. And I really believe the
more aligned you are with your purpose, the more things
(04:13):
kind of fall into place for you. So that's what
I believe. And so the idea of doing a documentary
really made sense, but I was scared. Yeah, I mean
not fearful. Fearful, but oh man, it put me in
a place I've never done that uneasiness and that's where
(04:34):
we grow. But I thought, you know, he's right, because
people don't read anymore. And if you put it into
a film, and it's a good enough film, it's going
to resonate with more people. I'm gonna be reach what
we call broader base, you know. So one thing just
kind of fell into another, and one friend to another friend,
one from Montana. I know who you need to hire.
(04:57):
You need to get a hold of James Jager. And
well who's James Jager. Well he's a guy who didn't
moulan a lobby. He did uh Fat Empire got the
Tolly Award for it. He's done many Patriot films, like
ten of them, and I think i'd watched one of them,
but didn't, you know, remember the producer's name. So I
(05:18):
got hold of him and I told him what I
wanted and he said, well, this is great, we'll do
Fiat Empire too, And I said, no, sir, I don't
want to do Fiat Empire, you know, revisited. I want
to take into the spiritual aspect as much as any
part of it, because my belief system is that money
is power, and with that money power, the elite banking
(05:42):
establishment is able to buy almost anybody. Haven't bought me.
They probably haven't bought Billy or you, John, but you
know what I'm saying. They bought Augers Cutters, half the
Senate and many others in the corporate world. So I
wanted to get into it. But of course you also
(06:03):
have to start excuse me, just hit the money. You
also have to start with the foundation because you got
to kind of make sure that you bring everybody along
the well, why does it matter what the money is?
And is money different than currents and all stuff? So
a lot of the labor too much. You watched it.
I've gotten good feedback. I wouldn't redo it. There's parts
(06:27):
I really wouldn't tweak too much. The main message and
it's howls received. But let me ask you a question,
because there's a part in there that's there off the wall.
And that's when I had the German scientists Klaus What
(06:48):
is it that he he did a thing about the
apes learning to use money experiment?
Speaker 2 (06:56):
Oh I saw, yeah, yeah, I remember that through that.
Speaker 7 (06:59):
He said, is that the system that it has its
morphed We're evolved or determined from the start. I'm not
sure which is a demonic system that keeps us in
a mind state of scarcity? And really, and I've always thought,
you know, differently not my whole life. Early on, I
believe scarcity. I was taught scarcity later on the Wait
(07:22):
a minute, we have an infinite universe and a God
that's all loving, then why don't we have everything? And
the answer we probably do, it's just been suppressed by
the powers that be that, you know, like the Tesla
free energy model. Let's get free energy for everybody and
have a wonderful world. No, no, no, we can't put
our meter on it. We're not funding you anymore. So
(07:44):
what did you think about that part of the movie
where Hans Klau Harold cos Bella says it's a demonic
system and that we have to overcome that with an
increase in consciousness, to have a paradigm shift of ourselves,
to embrace the fact that there's enough for everybody and
it's more of a equitable system where everybody can thrive.
(08:09):
What do you think about that?
Speaker 2 (08:11):
Well? As far as the apes learning how to use money.
I did think that part was a little bit bizarre,
but when you talk about the consciousness, I couldn't agree more.
He's absolutely right.
Speaker 7 (08:26):
So just to fill in a little bit, and I
want to assume too much, but I would occurage Bed
to watch the movie and also to make their own
determination of how that part of the movie hits them.
But to me, it's very refreshing to you know, turn
the cartwheel upside down and say, look, we don't have
to believe what we're taught. We could question what we're taught,
(08:50):
question authority, be a critical thinker and think about it,
you know. I mean, I'm here in Washington, as you
guys know, and you're one state over, Billy and John
you are another of the country. But you know, we
got a lot of trees when I moved in here.
Those means out in my front area where none of
them were as tall as me, and I'm six two
(09:11):
and now I don't know, they're probably fifty feet now
I've been here a while. My point is, if you're
a good steward of the land, we should never run
out of anything, really, you know, because if you steward
it correctly. You know how much to fish, how much
cattle to you know how many, how big your heard,
(09:31):
how much is your pastor land, all that stuff. But
we've gotten into where the profit motive rules over consciousness, sensibility,
common sense. I don't ability give me the right words,
because we don't have to be so fricking greedy that
you get the last pricking nickel out of everything that
you produce and make sure it breaks in a couple
(09:52):
of years so you have to buy another one. You know.
Speaker 2 (09:55):
When we're done talking, I'm going to email you a
picture that was sent to me from my cousin in Aberdeen,
and it's, uh, it's obviously a very well done AI
picture of the Democrat donkey loaded with cash and gold
and he's got smoking a big cigar and it says
(10:15):
welcome to Taxington, the Evergreen State, and the bat there's
a big bag of coins right next to him that
says your paycheck. So, and I've got some friends that
do like to tune in. Fact, I should have told
Billy Bolt out of Tacoma to tune in. But I did.
(10:36):
I forgive me. I did forget that you were in
Washington State, because you know, whether it's something to do
with Oregon or Washington. He likes to tune in to
my shows there, and yeah, I've had some. He's he's
more of a musician, but still a very devout conservative.
(10:58):
And uh, he's talked about you know. He'll sometimes message
me telling me gas is six dollars a gallon the
communist mayor of Seattle. You know that basically the overall
state of Washington is what he's talking about with me
once in a while. But I do have to ask
(11:21):
you real quick, are you familiar with a gentleman named
Kenny Michaels at all.
Speaker 7 (11:26):
Doesn't ring a bell. But I'm in a backtrack just
a second, Billy, So I am in Washington, that is
a fact. I also have a property in Montana, and
I like to think of myself more of a mountain
man from Montana city dweller at Seattle. I'm on the
other side of the state, as you know, I'm in Spokane.
I'm on the order, and there's a whole difference thought pattern,
(11:49):
generally speaking, between the east and the west side of
the state. Nonetheless, it's still Washington state. So let me
give it back now, I've not heard that gentleman, fill
me in.
Speaker 2 (12:00):
Oh, we've got to go to our first break in
a couple of minutes. But he runs a syndicated radio
show all around the country called Striking Gold. You know,
but you're more into silver. He's all about gold. But
when I listened to him though, he's he's really all
about investment in precious metals. And he called he calls
that God's currency and he yeah, he's with the company.
(12:27):
I think they're called Golden Crest Medals or that's that's
who he represents, of course here on this show. And uh,
we're more represented by Birch Gold. And I gotta tell
you when I look at I have not started a
precious metal. I r a yet. I know I need
to get get on the ball with that. And it's
(12:49):
most likely going to be silver, because I'm gold is
how much announced? I can't over four thousand last I
checked platinum. If you're gonna invest in atam, you better
be a trillionaire like Elon Musk.
Speaker 7 (13:04):
Well.
Speaker 2 (13:04):
Silver is where you can get a steady ira going.
Speaker 7 (13:11):
So thanks, Silver has more potential than gold. By the
time this is all said and done.
Speaker 2 (13:17):
Yes, yes, indeed, Well we're at the first quarter. So
we're gonna go ahead and take our first break and
we will be back in about a minute and a half.
All right, ladies and gentlemen, we are back, and once
again we are joined by the silver Guru, David Morgan,
of course, of the Morgan Report. I just got to
(13:39):
show you this really quick. Here. I have a small
collection of some coins, some novelty coins, some of them
gold plated Second Amendment Trump coins, things like that. But
the only one that I have of real value as
of this moment this one right here, solid silver. I
(14:01):
got this from g Edward Griffin.
Speaker 7 (14:03):
Oh my goodness, that's fabulous.
Speaker 2 (14:06):
How much at the time, how much it's worth, I
don't know, but it's got to be at least. It's
kind of heavy.
Speaker 7 (14:13):
So Sarver's running around high fifties. There's sixty bucks an
out so that's a far cry from five dollars an
ounce when I started the website.
Speaker 2 (14:27):
Yeah, and it's only going up too, you know. And
since I mentioned Kenny Michaels, there's things he's talking about
that I obviously can't verify. But you're not going to
hear about it on any mainstream media outlet, let alone
any independent outlet either. But did you know that when
(14:53):
Trump went sent deep troops into Venezuela, not only did
he uh did did the troops capture the Venezuelan president
whose names escaped my mind? But also they came back
with a bunch of gold? Were you aware of that?
Speaker 7 (15:18):
I've heard it. I can't verify it. I'm not saying
it's right, but I can't say that I'm a hundred convinced,
but it was. You know, it makes sense. I mean,
you look at what happened with Kadafi. I mean they
went in there and you know, Hillary laughs about blowing
him up, and then they went in there and confiscated
the gold immediately thereafter.
Speaker 2 (15:39):
And then of course there's that movie I think it's
called Three Kings and all about, of course, three desert
storm veterans that kind of stayed behind after it was
supposed to be all over. Who were gonna rob Saddam
Hussein of a bunch of gold?
Speaker 7 (15:56):
Yeah? Yep, So gold is the really I called gold
the establishment metal. Now people outside of the you know,
the alt media that've never seen a show like yours, Billy,
We'll look at the mainstream news and they will figure
that gold is meaningless. It has no real use in
(16:20):
anything else. But but they don't know from the mainstream,
is that gold took over as the number one asset
for central banks recently. In other words, the reserve for
banks always for a long for many years, I won't
say always, for numerous years, was the US treasure market
in other words, T bills, T bonds, and T notes
(16:43):
dollars US dollars. And now gold has a greater value
among central banks than any US currency does. That's significant,
and you're not going to hear that from the six
o'clock news. But what that tells it says that even
the banking establishment realizes that, and they've noticed from the beginning.
(17:07):
But they're putting their money quote unquote money where their
mouth is, using the printed currency of dejure. If you're
in Germany, it's marx or euros, whatever it is, euros,
I guess to buy gold. And that means that we
probably we'll see gold in the next monetary system, although
(17:30):
I'm not convinced yet, But gold's importance has been throughout
monetary history. Silvers has been equally as important at certain
times of monetary history. But really from the late eighteen hundreds.
It's been persona non grad. It really hasn't been anything
close to an establishment monetary asset. The banks don't hold
(17:54):
silver as a monetary reserve at all, and it's questionable
if they ever will. However, as you know, both you
and John, that this is something that hit the critical
Minerals list a few months back, which means it's strategic,
which means it's needed for basically a need for national security.
(18:18):
It's needed for war, among other things, but war primarily.
And what I am pondering is how much do they
need and how soon are they going to get it?
So one hundred million ounces is not out of the question.
The reason I say that is that when the silver
Eagle program started in nineteen eighty six, the strategic stockpile,
(18:43):
and that's what it was called. There's others that argue
with me. I looked it up was one hundred and
thirty nine million ounces, and one of our good senators
have been paid off, said well, what are we doing
with all the silver laderunds not doing any good? I
actually argued with well, argue be too strong a order.
I had a very my side of the thing, power
(19:07):
versus force. So what was it. I was powerfully explaining
that it wasn't a good idea and that you can't
just call up anybody and get silver delivered anytime the
day or night. That went on deaf airs. So the
eagle program started and the stockpile was extinguished after a
(19:29):
few years, and the mandate on the initiation was it's
actually called the Liberty coin if you want to look
it up. For the people in the chat, I know
the actual name. We referred to it as Egal. But
the Liberty coin had to buy domestic produce silver. All right,
we have to buy us silver to coin this the eagle. Well,
the problem is we ran out of the above ground
(19:51):
supply and we didn't have enough domestic supply to produce
enough eagles for domestic for use. The demand and the
demand really picked the man out to look it up.
Is probably around fifty million ounces, but started about ten
million ounces a year, stayed around ten twelve to fifteen
million ounces a year, started building up. The point is
(20:13):
they had to change the law, and the law got
changed where they could source silver from anywhere in order
to meet the silver demand for the silver Egal. But
that tells you how I'll use the word pathetic. The
silver mining industry is, and particularly was because we've increased
some mining in the US for that, you know, for
(20:34):
the for the needs of the nation. Let's say, so, now,
if we get that one hundred million ounces that I'm
just wagging a wild ass guests that that's what the
strategic research should have in it. That's a pretty big
slinging factor because the only mind about eight hundred and
fifty million ounces, So we're talking, you know, a good
fifteen percent more on the margin, and so that could
(20:59):
serve they put a basement on the price. Now will
the government do that? I think they will. I just
don't know when they'll start it, and again how much
they want. But you know, would two hundred million be
out of question? No, not if we needed one hundred
and thirty nine million back in the you know, nineteen
seventy to nineteen eighty five, eighty six. Anyway, I will
(21:23):
not beat that dog any further, John, Do you have
any questions or is this an audience participation event? I
don't really remember.
Speaker 2 (21:31):
Oh yeah, we're live and we do have a phone line.
Very rarely do we get calls, but yeah, go ahead, John,
And then I got something ironic to share with you
as well, David.
Speaker 6 (21:42):
Well, I was curious because it seems to me the
part of the reason we got away from the gold
standard is because gold is limited and it's hard to
hold gold, especially when people want to consume it. So
we got into petrol dollars, so we relied on GDP
to for valuation of our dollar, which seems its counterparductive
to outsource your manufacturing. If you're relying on the GDP
(22:05):
too stricten your dollar creates inflationary and stuff like that.
Speaker 5 (22:08):
So you have issues. You said earlier that you think
will be moving back to gold.
Speaker 6 (22:13):
But at one hundred and thirty nine ounces four thousand dollars,
that's just like half a trillion dollars worth of gold.
So it really doesn't give us any security or balance
with our currency, does It does not.
Speaker 7 (22:23):
So you made two really important points, or maybe more
to a sticking to my mind. Number one is gold
is kind of a policeman on the currency. The reason
that there's nothing magic about gold. The magic of gold
is it's neutral. It's an element on the periodic table,
and if gold is money, that means, you know, John
(22:44):
and Billy and I could get together and go down
the creeks of Idaho and actually find money and spend it.
So the banks don't have total control of it. The
other thing is it's limited and supply is the money
supply does grow. The gold supply does increase every year,
but it's about one one and a half percent a year,
which is an actual stable money monetary growth. So in
(23:07):
a sound money system, really a bimetallic system superior. But
I don't divert yet. But in a gold standard, give
a gentle deflation. So when John started the workforce at
don sage twenty, he knows when he's sixty or seventy
or fifty he wants to retire that the dollar he
saved when he's a twenty year will buy more when
(23:29):
he's fifty years old than it did when he saved it.
That's a sound money system. That's monetary stability, which the
Congress turned over to the FED was there. That was
their demand. It was the demand on the Congress to
regulate the value, in other words, to keep his stable
sound money. And they diverted and got talked into it.
(23:52):
Whatever lots of takes on how the FED originated, but
regardless it did, and the Congress really gave up their
duty to a private corporation that now runs the monetary
system for the United States. But gold was actually in
the system from the beginning, from that start, but that
discipline fades away. So that was point number one. Point
(24:15):
number two is very good. I'm gotta be brought up
because I'm you know, I got even perturbed up my
own peer group, you know, the gold and silver dealers
and some of the analysts. And I'm not saying I'm
better than anyone, or no more than anyone, but you're right,
if we revalued gold to the current price, it doesn't
it's a spit in the ocean. Excuse the slang for
(24:37):
helping the deficit. So if you're running up to like
twenty thousand ounce, which covers the gold paper ratio. In
other words, so much money's been printed that if we
went on a base money I'm not talking about checking
book money, I'm talking about m one. I'm talking about
what's called base money. The Austria school calls it true money.
Supply how many of those pieces of paper are in syricus.
(25:00):
By the way, sixty percent of the currency it's outside
of the United States because it's trusted more than the
local currencies. You rather have a piece of green paper
than a piece of purple paper when you're in Argentina.
You rather have a piece of green paper in Venezuela.
Speaker 5 (25:16):
Anyway, I digress international currency anymore.
Speaker 7 (25:19):
Yeah, So that value goes to twenty thousand to make
it just cover the currency. Now that's fivefold above where
we're at. So that would be about five trillion dollars.
It's rough free trillion, said after it's really about a trillion.
So that's five trillion, well, five trillion versus the forty
(25:40):
trillion that we're in debt. I mean, it's more helpful.
It means you can make your credit card payments a
lot longer. But it still doesn't balance anything. You know,
if it's got five trillion at twenty thousand dollars the
ounce gold and that's only five and you got to
get to foty, you got to take eight. Last time
I checked, five times age is forty. So you gotta
(26:01):
take that twenty thousand and multiply that by eight. I'm
down one hundred and sixty thousand dollars. Ounce going to
balance the budget. I don't think that's going to happen.
I do think that the reset will cause all kinds
of pain for almost everyone, and there'll be a reset,
(26:23):
and the reset will be to their advantage, not ours,
and we'll get a pretty big deflation, meaning that we
will have to we'll get let's say we get a
ten to one rollback, so you're you got one hundred
thousand in the bank and now becomes ten thousand, so
Starbucks coffee instead of being five bucks and fifty cents. Ye,
(26:44):
that sounds good. The problem is that it goes to
seventy five cents really quickly, So if you go by percentages,
it just causes more pain for the populace. And I'm
not certain, John, I mean, I think the initial rollout
of the reset will be a modern money theory, you
print all you want, doesn't matter, which of course it does,
(27:06):
and that it won't be backed by anything, and it
will be tied to the universal basic income, which goes
to the donkey with all the gold at its feet
and our paycheck sitting on the sidelines. And you're going
to be incentivized to sign up with your retina scan
(27:26):
and your DNA thumbprint to make sure that you're in
the system. The new system, I could call it the
BT system and probably not be far off. I started
getting your UBI, so you know you've earned it. No,
you haven't earned it, but you're granted it by government
edict that you have a UBI universal basic income just
for breathing. And I'm you know, I'm very big at
(27:48):
a hand up, but not a handout. I'm very willing
to help somebody go back to school and learn the
trade I've done on my own family, you know, my
dad was like that. But that's giving them a skill
that they can go out and work on their own.
They're not going to ask me for another dime, you know,
along whatever. Maybe you know what I'm saying. So that's
a hand better in their lives, learn another trade, do something,
(28:12):
but a hand out. You know. It's to teach a
man to fish or give a man a fish. It's
that simple. And I'm really in you know, want to
teach a man to fish or woman? So anyway, I
droned on as usual, John, you want to pull me
back in.
Speaker 6 (28:29):
I think we'll get ready to go to a break,
but before we leave out, I'd just like to throw
it out there that maybe we'll catch it back on
the other side of the break. Do you think this
reset you're talking about, are we moving towards digital currency?
Speaker 7 (28:41):
Oh? Yeah, we can do that after the break.
Speaker 2 (28:43):
Yeah, yep. So go ahead and take our bottom of
the hour break and we'll be back in about two minutes.
All right, ladies and gentlemen, we are back once again.
We're joined by David Morgan, the Silver Guru, and uh yeah,
we're getting into the darker part of the conversation as
(29:05):
we before we went to break talking about the digital currency,
which I mean, yeah, there's some deflation at all, so
it's it's basically overall just another part of communism. It
looks good above the surface, but once you get down,
uh to the core, it's not good at all. I
(29:28):
mean we're talking they can you post something on Facebook
or X. They don't like it, they halt your currency
or or find you for it. Oh you've had You've
had too much pizza this week. You don't need any more,
so we're gonna halt that.
Speaker 7 (29:45):
You know.
Speaker 2 (29:45):
I want to control how you live, what you do
in your everyday life, what you.
Speaker 6 (29:50):
Eat, wanditor everything you spend, and limit your spending if you,
like you said, if you have a social social credits cords.
Speaker 5 (29:58):
Right if you well, if you devalue in social credit score,
then you can only spend so much this week.
Speaker 2 (30:07):
It's unbelievable.
Speaker 5 (30:09):
But that's what they want. They want the information. What
do you spend it on?
Speaker 2 (30:14):
Billy? What do you buy? Billy? You buy more guns?
Speaker 5 (30:17):
We don't like that, Billy.
Speaker 2 (30:19):
Your business, your business, you know. I think one thing
I'd just love to see is the good old fashioned,
old school seventeenth eighteenth, nineteenth century barter system right there.
(30:40):
That's where real value was traded for real value, not gold,
not dollars. I like the sound of that, And be
honest with you, David, over to you, all.
Speaker 7 (30:53):
Right, Well, I'm going to get into the digital currency.
Before I start there, just as heads up about coming
forth of July the two hundred and fiftieth anniversary. I
just want to remind everybody about what was sacrificed from
the get go. And this is a quote about the
(31:14):
closing sentence, the closing sentence of the United States Declaration
of Independence, and I quote and for the support of
this declaration, with a firm reliance on the protection of
divine providence, we mutually pledged to each other, our lives,
(31:37):
our fortunes and our sacred honor. And many of them
did lose their lives, and so is freedom worth dying for?
Well as the military, you know, many of them sign up,
but I'm going to leave that to the side. By
the way, I just have to brag a little bit,
John and Billy. I have one granddaughter so far, hoping
(31:58):
for more. Worn a third of.
Speaker 2 (32:01):
July, my foster son and my cousin born on the fourth.
Speaker 7 (32:08):
Okay, good.
Speaker 2 (32:11):
And by the way, to also steal from the Greeks
when they were dealing with the Persians. It's been. It's
they believed it, and I believe it firmly as well.
Better to die on your feet than live on your knees.
Speaker 7 (32:29):
Yeah, all right, So let's get into the digital currency.
I think the best way for this is I don't
have a certainty about it, but if history is any guide,
my expectations are something fascinating. No monetary system lives forever.
The Roman denarius disappeared and florin gave way to other currencies.
(32:50):
The British pounds rendered his place as a world deserve currency,
and even the Breton Wood system, which is the dollar
system that was backed by gold that was shut a fifteenth,
nineteen seventy one of the Knicks administration ended. Every monetary
system eventually reaches the point where the promises exceed the
resources available to support it. So the question is not
(33:13):
whether today's fiat system changes. The question is what replaces it,
and my expectation is that the next system will not
resemble the one we currently know. Rather than paper notes
back by precious metals or anything else, we will likely
see a digital currency system. Many central banks are already
(33:35):
experimenting with CBDCs central bank digital currencies. At first glance,
they peer convenient. In fact, they are convenient. Payments settle instantly,
International transactions are easier. There's less friction, meaning you're not
the money changers, don't take out a high percentage of
the transaction because it's all computer done. Counterfitting becomes nearly impossible.
(33:58):
Tax collection automatic. You probably do right the ras, believe
it or not under that system because everything will be
TAXI point of sale. Government's benefit payments can be distributed immediately,
and those are real advantages, but so are the risks.
Unlike physical cash, digital currency creates a possibility of complete
(34:20):
financial surveillance. Every transaction we recorded, every purchase analyzed in
every account, potentially frozen or restricted with an algorithm or
a computer command. And as John said, you had too
much pizza, you can't buy another one, you drove too far,
(34:41):
your fuel allotment is canceled till next month. That type
of thing. So this technology makes control more and more
possible in all aspects of our lives, which is very unfortunate.
It reminds us that the powers created during emergencies rarely
disappear once the emergency passes. That's another possibility that I'm considering.
(35:05):
So rather than one global currency replacing everything overnight, I
think will evolve toward a network of interoperable digital currencies.
You can look it up for you academics or deep thinkers.
Look up ISO two hundred and twenty two. It's already
set if you can have the U one gold back system.
(35:27):
A lot of talking about m bridge and the bricks
currency and all that. I'm not gonna roll it out,
But the bottom line is, you know, as Lennon said,
who cares. Let them vote, It doesn't matter if they vote.
Who counts the vote is what matters. Well, here, it's
who clears the currency or the digital currency that matters,
(35:48):
and that's ISO two hundred and twenty two. So yeah,
we're gonna de dollarize. Well, okay, de dollarized, but we're
still in command. I hope you're catching my drift. So
nations may continue thrown currencies, but settling international trade through
a tokenized asset program, blockchain technology, or perhaps some form
(36:08):
of digital instruments, Gold itself could once again play a role.
Could I didn't say would not necessarily circulating your pocket,
probably never, but serving quietly as a trusted reserve asset
between nations, and we could have a two tiered currency.
(36:29):
If things got bad enough, you could be where we
were in the nineteen thirties. Remember Roosevelt made it illegal
for American's own gold, an international settlement was still done
in gold, and we could get back to something like that. Well,
we need these rare earths from China, all right, pay
(36:50):
us gold, you get the rare earth we need? What
os America produce? Pornography? What else? Not much foodstuffs. Wheat
will pay for wheat with gold. So that's a possibility.
But I'm want to give it a lot of attention
to this point. But remember that technology changes, but human
(37:11):
nature does not. And that still matters. Confidence still matters,
and scarcity still matter. So whether tomorrow's transactions occur with
paper notes, smartphones, blockchain tokens, or technologies yet to be invented,
societies will continue to searching for money that cannot be
manipulated indefinitely. Good luck. Every time we've been on a
(37:33):
gold standard or gold silver bimetallic standard, it's not the
gold standard that failed or the bimetallic system that failed.
It's that human nature entered into it and corrupted the system.
It's the human element that failed, not the gold itself.
Gold's in there, it's you know, it's a shiny rock.
I mean, I like gold. I have some gold, But
(37:54):
it doesn't solve the problem once you know, the human selfish, extortion, greed,
whatever enters into the system. So the system will be
set up properly, but fails because of man's inability to
live his word. Really, you could say it in those terms.
(38:15):
One system will emphasized convenience, speed, automation, and centralized control,
and they'll handle everything salaries, taxes, everyday, commerce and government transactions.
And the other system, the one I emphasized outside of
that system, to ignore that system, to circumvent that system
is to emphasize real wealth preservation, and that's God's money,
(38:37):
both gold silver, if you want to go far back
into monetary history, gold silver and coppers. Said a lot.
So far, I got more to talk about. But when
I give it back to you, John the Abilion, see
if I've confused.
Speaker 5 (38:50):
To mention, I'm surprise you skipped over Peso deocho.
Speaker 2 (38:53):
And platinum platinum no, no.
Speaker 5 (38:56):
His name in world currencies a Spanish world. Yeah.
Speaker 6 (39:00):
Silver Back in the day, in the sixteen hundred and
fifteen sixteen hundred, you had the world currency with silver.
Speaker 7 (39:05):
Saw.
Speaker 5 (39:05):
I was just kind of throwing it out there.
Speaker 7 (39:07):
Did. In fact, I'm starting to think about writing a
missive an essay about the silver standard because most people
didn't know that we were really on a world silver standard,
and China was the last to come off of it.
And I'm still thinking about it. I'm a bit of
a deep thinker. I mean, I I thought, well for
(39:28):
the movie, I thought for six months before I ever
started working on the script. Right Anyway, I digress. I'm
gonna be back to you guys.
Speaker 6 (39:34):
The weird part is about the silver standard. Is it
collapsed due to saturation? Didn't they oversaturated the market with
silver and it started losing its value.
Speaker 7 (39:45):
There's a couple of things. The opium wars had a
great deal to do with it, because the Brits are
running out of silver by buying from China. So the
Brits got the Chinese hooked on opium and got their
silver back or the silver back. And then, yeah, the
comstock load was a big you know, say that one
and one and a half percent gold increase. Generally speaking,
(40:06):
we had a huge flood of silver coming in the marketplace,
and that has happened in the history of silver a
couple of times. So yeah, because money supplies money supply.
If money silver and the money supply increases rapidly, that's inflationary. Well, so,
you know, there's nothing sacred about precious metals other than
they are limited. But certainly the flow rate, like the
(40:29):
float coming out of your hose. If it's half on
and that's steady and it's been that way for ten years,
that's kind of what you expect. So all of sudden
someone turns the hose all the way on and it's
blasting out double what it used to be. Wait a minute,
I got too much water. What am I going to
do with it all. That's probably a corny analogy, but
you get my point.
Speaker 2 (40:47):
Oh yeah, well, we got to go ahead and we're
at the final quarter, so we're going to take our
final break and we'll be back to wrap things up
with David Morgan, the Silver Guru, and about a minute
and a half. That's right. It is coming up very
very soon. In fact, next week, John and I will
(41:10):
be speaking with Dan Happle to talk about the upcoming
Red Pill expowl in Las Vegas. Get your tickets. If
you can't make it to Vegas, go to redpillexpo dot
O RG and uh watch it for free live stream.
But just get ready to wrap things up here with
(41:31):
David Morgan. David, I told you I something kind of
interesting to share with you.
Speaker 7 (41:36):
Now.
Speaker 2 (41:36):
I don't know if you know who Maurice the Native Patriot.
If you've heard of him or not, tell me more.
He's a Native American man, uh, native Washingtonian. He doesn't
live too far from you, and he's part of the
Patriots Prayer Network right here on this network with us.
(41:59):
And well when I met him a couple of times,
and last time I saw him was about a year ago.
And my son was pointing out his belt buckle, which
was solid silver and jade.
Speaker 7 (42:15):
Oh wow.
Speaker 2 (42:16):
Then I found out that I don't see, I don't
know what tribe he belongs to, but there was the
local one of the local tribes in the Washington territory
believed silver to be sacred. So I find that kind
of ironic.
Speaker 7 (42:35):
Well, I you know, I won't argue that there's a lot.
I actually asked, I googled it before AI, why is
the spiritual significance of silver? And honestly, my memory is
good but not perfect, but there were some areas that
it certainly was considered to be a spiritual medal. What's interesting,
I had given a speeches, one of the early ones
(42:58):
in my you know, trek through this journey that I'm on,
and somehow it hit me at the end of the speech,
and of course I was just stolen the virtues of
missing and silver for all kinds of reasons. I reminded
everybody that silver conducts heat better than any metal. It
reflects light than any other metal. So I ended the
(43:20):
speech with those that don't see the light are gonna
feel the heat. Let's just.
Speaker 2 (43:28):
Well then again, hey, up there in Washington, you got
all those volcanoes they're talking, they're talking about uh. Last
I heard there's some minor activity in uh at Mount
Saint Helen's like it it's and if any of them
are gonna blow, that one's definitely most likely. But then
but if Mount Ranier goes, oh boy, some people are
(43:51):
in trouble from Tacoma to Seattle and uh also Mount
Adams possibly as well. They talk about that.
Speaker 7 (44:01):
When I moved over to this part of the state
in nineteen ninety nine, my yards still have what I
call moon dust. It still had a little thin at
the top of the surface, a little bit of the
ash from Mount Saint Helens, and it dissipated within probably
a couple of years. You'd have to kind of look
(44:23):
for it. I mean, when the light hit it just right,
you'd see all that gray is still there. It's gone now.
But that's you know, twenty twenty seven years ago.
Speaker 2 (44:34):
Yeah, yeah, now it's I remember I was when that
incident occurred. I was what I think I was five
or six years old when Mount Saint Helen's blue, And
of course I don't remember a whole lot from that time,
but I remember all the pictures everywhere I go into
a store or something. There picture of Mount Saint Helens
erupting and volcanoes have honestly since like the age of ten,
(44:58):
have always kind of fascinated me.
Speaker 7 (45:01):
But how would you like to wrap up? How could
I be a maximum service to you your audience?
Speaker 2 (45:08):
And so let's just talk about when it comes to investing.
You know, what's the advice you think you can give you?
Obviously you know I'm I'm affiliated of course with Birch Gold.
There's all kinds of groups. There's Noble Gold, there's Golden Cress,
there's Rigging Gold, there's U P M A. But and
(45:33):
if since you know you're an advisor on this, h
wouldn't you want to take I want to want to
help somebody out, you know, with set up an I
RA or something like that. What's the best advice you
normally give on these types of things.
Speaker 7 (45:51):
Well, I'll tell you. I put it out as a
public service many many years ago. I was asked by
I Forget, the publisher of a book called Investing Years.
It came out of the United Kingdom. They published it
every year, and it was probably around nineteen ninety nine,
(46:13):
two thousand and two thousand and one in that area,
and they have a silver expert. They found me, and
they asked everybody in the book, so mutual funds, limited partnerships,
stock investors, options traders, you name it, value investors, momentum investors.
(46:33):
So everyone had a chapter. And the chapters are two
pages thick, and the book's pretty thick. So they were
on real estate. I mean they covered everything. So my
you know, ten rules of silver investing were putting that
book and my name on it obviously, and then I
just used it and put it out in the general public.
(46:54):
So this applies across the board, and the ten rules
are one when all else fails. There is silver on
physical silver as a monetary insurance, but keep it portion
accessible in an emergency. I started that off by saying,
no one wants to be a professor of doom, but
(47:15):
in the unlikely event of an all out financial crisis,
everyone should own a little physical silver because with silver
you'll be able to buy food, water, and gasoline, whereas
gold will have too high unit value to really be
much use in a monetary sense. In other words, hey,
you might buy half a cow with a gold coin,
(47:37):
but you're not going to buy groceries or gasoline. Second
rule starts small. Keep it simple, gee begin with boullion
coins or bars carrying the lowest premium. Avoid collectibles, jewelry
and other commenmoratives as your objections is objective is in
an investment, not collection. Boost the power of your dollars
(47:58):
with mining shares the dollar cost average. To lower your
cost and increase your discipline. Invest regularly rather than trying
to perfectly time the market. Number five, Do not get
a raw deal from your dealer. Buy from established, reptible
billion dealers. The lowest quoted price is not always the
best value if execution and deliveries are at risk. I
(48:22):
put out I was putting out a paper for fifteen
bucks on trusted dealers and who to buy from, and
I got a lot of flat from not recommending Toving.
I knew that Toving had already declared bankruptcy once, and
I knew how he didn't hedge, so I didn't recommend him.
But he was the lowest price. Well he went out
(48:42):
of business, and so I quit giving that offer of
who would I recommend? Because people thought the lowest price
was a good deal, and it turned out not to be.
Number six, which yours is years, will keep it that
way securely if usual storage insist on segregated holdings, and
(49:03):
I'm adding to that it's not in the book, and
make sure that the insurance covers your full amount. Many
of these, it's probably many, I'll say several of these
buyon storage facility. I'm not talking about Brinks or one
of the banks, or the vaulting services that move metal
daily like Brinks or Darta or Loomas. But others don't
(49:27):
ensure fully. So they got twelve twenty billion in silver
and gold and insure for half that price. They save
a lot of their insurance, but it's not fully insured silver.
Speculation is like coughs are good and small doses, but
too much can make your portfolio sick. Futures and options
or speculation not investment should only represent a very small
(49:51):
portion of one's metals exposure, if at all. Eight A
little knowing, a little information can mean a lot more dollars.
Understanding the fundamental drivers over supply demand monetary forces can
materially improve investment results. Of course, that's sort of plugging
what I do, and I do a lot more than silver.
We cover all of the resources. We cover lithium, rare
(50:12):
elements cold bought big on copper or uranium. Stocks to
them are up five hundred percent, so cover them all.
But gold and silver are basically the best place to
be currently under current condition. Collecting silvers and art not
really an investment. Rare coins and collectibles do have their place,
but should not be confused with an investment in just puter,
(50:34):
bullyond and last. More than ten percent is too much
of a good thing. Maintain diversification your guidelines. The guideline
is your average investors should limit their exposure to probably
ten percent of a well balanced portfolio. So that's it.
That's advice written twenty five years ago or thereabouts, and
(50:56):
still hold today. And start small. If you never bought before,
call up Birch Gold, buy from them by you know,
a small amount. Now, some of these dealers and I
don't know Birch specifically, I know of them, I know
almost all of them by name, but some have said, well,
you know, unless you're dealing you know, five thousand mark,
(51:17):
then we don't want to do your business. Not many
are like that. There's a few, but some do have minimums.
But really you want to start small. See how they
treat you. See how it's package, See how long it
takes to for your check to clear, to get your metal,
and that type of thing. And what happens sometimes is
that people get excited to hear, you know, the honest
money story. They oh, my goodness, I want to put
(51:38):
myself on a gold standard. They're going to dump all
my savings into gold tomorrow. And they do it, and
they've never done it before, and they make a rookie mistake.
They've dealt with a dealer like Toving or you know,
they went all in. It's much better, you know, learn
how to walk, you know, crawl before you walk, you know,
(51:59):
just baby steps at the beginning, once you're established. And
a lot of what people don't know is there's a
propensity for people that deal with Birch Gold or oh,
let me even think of another one, I know, Miles frankly,
and once they do their first purchase and everything goes smoothly,
(52:20):
many people are very loyal. They will stay with that
dealer ad infinitum because they were treated well. The package came,
the god what they paid for invoice was, you know,
everything was more or less perfect, and rather than chance
going to a different dealer and you know, getting a
better price or whatever. A lot of people will stay
(52:42):
very loyal to that dealer from then on because everything
went as expected and now they have a trust built
in from the first transaction. And that's something that people
very really talk about and it's not a bad thing,
you know. But then there's others that are shopping price
all the time, and sometimes, as I said in the
ten rules, getting the best price is and always the
(53:03):
best thing because you might not get your product.
Speaker 2 (53:08):
One thing. We're definitely out of time, and I appreciate,
appreciate you, David, And I think I need to say
this before we conclude, too, is those who follow me off,
many of them know that I do run an internet
radio station, the AOW Radio Network, and on Mondays, I
(53:32):
of course feature old Casey case and programs and I
get those from a gentleman in Austria and I usually
give him about, oh, I'm going to say about one
hundred and twenty five US. Well, I just made a
purchase from him a couple of weeks ago. Before he
(53:55):
would get one hundred and nineteen euros. It's dropped down
to one hundred and three, so that should show you, right,
there how much the US dollar is devalued. So anyway, David,
God bless you. Thank you so much for your time,
and I don't want this to be the last time
we speak, because you're a wealth of knowledge on this
(54:16):
subject and as time goes by, we'll need to speak again.
You know, you release another documentary, you got to let
me know as well.
Speaker 3 (54:23):
Okay, well, I'm pretty burnt out at this point in time,
but you know, I'm still here for a purpose and
it's not out of the question, but it's certainly I'm
taking a breather from that. That was two years, a
very hard effort, and by the way, it was Dan
Happle is the one that connected me with James Jaeger.
Dan's the one that actually made the connection and got
(54:44):
the thing rolling. So shout out to Dan.
Speaker 2 (54:47):
Yes, we'll be speaking to him next week. Yes, indeed, yes,
So once again, thank you so much for your time.
God blessing, the best of luck to you. Wish I
could see you with this upcoming ex Bope.
Speaker 7 (54:58):
Yeah, I'd love to be there, Lamy, but it's not
gonna work this year. But every time I've been there,
I have enjoyed it. I've been a participant as a speaker,
that's where. But I also come to as a just
you know, a regular dude to walk around and hear
the speakers and visit the moose and all that type
of thing. It's it's a great event. Ed Ed needs
(55:21):
and needs more recognition than he already has. He really does.
He's done.
Speaker 2 (55:26):
Yeah, he is fantastic. Well, anyway, that's all the time
we have. Thank you so much. Okay, you're welcome, and
ladies and gentlemen, thank you so much for turning Tuning
into Patriot Confederation. God save the Republic of the United
States of America.
Speaker 3 (55:45):
And we live Bang from Bang
Every Patriot has an obligation to question authority. Those who
are honest are not concerned with your watchful vigilance, and
those with integrity are not concerned with your discernment. Every
American is obligated to voice their concerns and stand up
for their freedoms and liberties. One nation on your God,
(00:25):
indivisible with liberty and justice for all. Ladies and gentlemen.
Speaker 2 (00:33):
We are the men in the arena.
Speaker 1 (00:35):
We are the Patriot Confederation.
Speaker 3 (00:38):
We will live back down from buying.
Speaker 4 (00:42):
We're unfeed Americans, all right, Ladies and gentlemen, Welcome to
the Patriot Confederates for the final day of the month
(01:07):
of Groom, twenty twenty six.
Speaker 2 (01:10):
I'm your host, Bad Billy out of Twin Falls, Idaho,
joined as always by John Grovenor out of Nashua, New Hampshire,
New England. How's it going up there in the northeast, brother,
it's going Billy hot hot, right, I'll tell you what, man,
It is scorching out there, even in New England.
Speaker 5 (01:27):
I feel like I'm at Florida all over again.
Speaker 2 (01:29):
But other than that, yeah, you know, things are good. Oh,
it's been rather cool here.
Speaker 6 (01:35):
Going to Idaho.
Speaker 2 (01:37):
It's been rather cool. I mean today's pretty nice, not
so hot, not so cold. It's pretty nice though. Yes,
but uh, well, gotta say I'm not too happy. I'm
happy with the Supreme Court on one case, but not
very happy on the other. I mean, yes, now the
states can decide if biological men are allowed in women's sports,
(02:01):
which most states I think are going to strike that down.
But as far as uh, anchor babies are gonna still
going to be anchor babies. That's a problem.
Speaker 6 (02:14):
I think that's constitutional, isn't it. I mean, you're born
in the United States, you you are, you have a
right to be a US citizen. But uh, as far
as the previous issue goes, you know, state rights, man,
I mean, vote with your feet. If you don't like
your state doing what they're doing, move to a better state.
There's a lot of them in New England has called
New Hampshire.
Speaker 2 (02:34):
Yes, all right, joining us this week, I want to
welcome back to the Silver Guru David Morgan. Boy he
looks different sport and a beard. David, How you doing
I'm doing well?
Speaker 7 (02:48):
Thank you?
Speaker 2 (02:49):
Yes? Yes, so, Uh. I watched the UH recommended documentary
last night. However, I I didn't pass it on to
John for him to watch, so he'll kind of have
to shoot from the hip when whatever he hears. But
my goodness, this documentary that you helped produce cuts pretty deep.
(03:15):
My goods, we're not just talking about investing in precious metals.
We're talking about the collapse of the US dollar and
the effects of a digital currency.
Speaker 7 (03:29):
Exactly, Billy. I mean the purpose. First of all, I
was using a business coach at the time. I've done
that on and off a few times, and I really
resonated with this particular individual, and he started prompting me,
you know, what's your next step as far as contributing
to the cause. And you know, I thought, well, write
(03:52):
book number four. And then he said, why don't you
do a movie? Do a movie? You had your mind
anything about making a movie, right, So one thing I
led to another. And I don't know what your guys
belief system is. I certainly believe in God and I
definitely don't mind saying that. And I really believe the
more aligned you are with your purpose, the more things
(04:13):
kind of fall into place for you. So that's what
I believe. And so the idea of doing a documentary
really made sense, but I was scared. Yeah, I mean
not fearful. Fearful, but oh man, it put me in
a place I've never done that uneasiness and that's where
(04:34):
we grow. But I thought, you know, he's right, because
people don't read anymore. And if you put it into
a film, and it's a good enough film, it's going
to resonate with more people. I'm gonna be reach what
we call broader base, you know. So one thing just
kind of fell into another, and one friend to another friend,
one from Montana. I know who you need to hire.
(04:57):
You need to get a hold of James Jager. And
well who's James Jager. Well he's a guy who didn't
moulan a lobby. He did uh Fat Empire got the
Tolly Award for it. He's done many Patriot films, like
ten of them, and I think i'd watched one of them,
but didn't, you know, remember the producer's name. So I
(05:18):
got hold of him and I told him what I
wanted and he said, well, this is great, we'll do
Fiat Empire too, And I said, no, sir, I don't
want to do Fiat Empire, you know, revisited. I want
to take into the spiritual aspect as much as any
part of it, because my belief system is that money
is power, and with that money power, the elite banking
(05:42):
establishment is able to buy almost anybody. Haven't bought me.
They probably haven't bought Billy or you, John, but you
know what I'm saying. They bought Augers Cutters, half the
Senate and many others in the corporate world. So I
wanted to get into it. But of course you also
(06:03):
have to start excuse me, just hit the money. You
also have to start with the foundation because you got
to kind of make sure that you bring everybody along
the well, why does it matter what the money is?
And is money different than currents and all stuff? So
a lot of the labor too much. You watched it.
I've gotten good feedback. I wouldn't redo it. There's parts
(06:27):
I really wouldn't tweak too much. The main message and
it's howls received. But let me ask you a question,
because there's a part in there that's there off the wall.
And that's when I had the German scientists Klaus What
(06:48):
is it that he he did a thing about the
apes learning to use money experiment?
Speaker 2 (06:56):
Oh I saw, yeah, yeah, I remember that through that.
Speaker 7 (06:59):
He said, is that the system that it has its
morphed We're evolved or determined from the start. I'm not
sure which is a demonic system that keeps us in
a mind state of scarcity? And really, and I've always thought,
you know, differently not my whole life. Early on, I
believe scarcity. I was taught scarcity later on the Wait
(07:22):
a minute, we have an infinite universe and a God
that's all loving, then why don't we have everything? And
the answer we probably do, it's just been suppressed by
the powers that be that, you know, like the Tesla
free energy model. Let's get free energy for everybody and
have a wonderful world. No, no, no, we can't put
our meter on it. We're not funding you anymore. So
(07:44):
what did you think about that part of the movie
where Hans Klau Harold cos Bella says it's a demonic
system and that we have to overcome that with an
increase in consciousness, to have a paradigm shift of ourselves,
to embrace the fact that there's enough for everybody and
it's more of a equitable system where everybody can thrive.
(08:09):
What do you think about that?
Speaker 2 (08:11):
Well? As far as the apes learning how to use money.
I did think that part was a little bit bizarre,
but when you talk about the consciousness, I couldn't agree more.
He's absolutely right.
Speaker 7 (08:26):
So just to fill in a little bit, and I
want to assume too much, but I would occurage Bed
to watch the movie and also to make their own
determination of how that part of the movie hits them.
But to me, it's very refreshing to you know, turn
the cartwheel upside down and say, look, we don't have
to believe what we're taught. We could question what we're taught,
(08:50):
question authority, be a critical thinker and think about it,
you know. I mean, I'm here in Washington, as you
guys know, and you're one state over, Billy and John
you are another of the country. But you know, we
got a lot of trees when I moved in here.
Those means out in my front area where none of
them were as tall as me, and I'm six two
(09:11):
and now I don't know, they're probably fifty feet now
I've been here a while. My point is, if you're
a good steward of the land, we should never run
out of anything, really, you know, because if you steward
it correctly. You know how much to fish, how much
cattle to you know how many, how big your heard,
(09:31):
how much is your pastor land, all that stuff. But
we've gotten into where the profit motive rules over consciousness, sensibility,
common sense. I don't ability give me the right words,
because we don't have to be so fricking greedy that
you get the last pricking nickel out of everything that
you produce and make sure it breaks in a couple
(09:52):
of years so you have to buy another one. You know.
Speaker 2 (09:55):
When we're done talking, I'm going to email you a
picture that was sent to me from my cousin in Aberdeen,
and it's, uh, it's obviously a very well done AI
picture of the Democrat donkey loaded with cash and gold
and he's got smoking a big cigar and it says
(10:15):
welcome to Taxington, the Evergreen State, and the bat there's
a big bag of coins right next to him that
says your paycheck. So, and I've got some friends that
do like to tune in. Fact, I should have told
Billy Bolt out of Tacoma to tune in. But I did.
(10:36):
I forgive me. I did forget that you were in
Washington State, because you know, whether it's something to do
with Oregon or Washington. He likes to tune in to
my shows there, and yeah, I've had some. He's he's
more of a musician, but still a very devout conservative.
(10:58):
And uh, he's talked about you know. He'll sometimes message
me telling me gas is six dollars a gallon the
communist mayor of Seattle. You know that basically the overall
state of Washington is what he's talking about with me
once in a while. But I do have to ask
(11:21):
you real quick, are you familiar with a gentleman named
Kenny Michaels at all.
Speaker 7 (11:26):
Doesn't ring a bell. But I'm in a backtrack just
a second, Billy, So I am in Washington, that is
a fact. I also have a property in Montana, and
I like to think of myself more of a mountain
man from Montana city dweller at Seattle. I'm on the
other side of the state, as you know, I'm in Spokane.
I'm on the order, and there's a whole difference thought pattern,
(11:49):
generally speaking, between the east and the west side of
the state. Nonetheless, it's still Washington state. So let me
give it back now, I've not heard that gentleman, fill
me in.
Speaker 2 (12:00):
Oh, we've got to go to our first break in
a couple of minutes. But he runs a syndicated radio
show all around the country called Striking Gold. You know,
but you're more into silver. He's all about gold. But
when I listened to him though, he's he's really all
about investment in precious metals. And he called he calls
that God's currency and he yeah, he's with the company.
(12:27):
I think they're called Golden Crest Medals or that's that's
who he represents, of course here on this show. And uh,
we're more represented by Birch Gold. And I gotta tell
you when I look at I have not started a
precious metal. I r a yet. I know I need
to get get on the ball with that. And it's
(12:49):
most likely going to be silver, because I'm gold is
how much announced? I can't over four thousand last I
checked platinum. If you're gonna invest in atam, you better
be a trillionaire like Elon Musk.
Speaker 7 (13:04):
Well.
Speaker 2 (13:04):
Silver is where you can get a steady ira going.
Speaker 7 (13:11):
So thanks, Silver has more potential than gold. By the
time this is all said and done.
Speaker 2 (13:17):
Yes, yes, indeed, Well we're at the first quarter. So
we're gonna go ahead and take our first break and
we will be back in about a minute and a half.
All right, ladies and gentlemen, we are back, and once
again we are joined by the silver Guru, David Morgan,
of course, of the Morgan Report. I just got to
(13:39):
show you this really quick. Here. I have a small
collection of some coins, some novelty coins, some of them
gold plated Second Amendment Trump coins, things like that. But
the only one that I have of real value as
of this moment this one right here, solid silver. I
(14:01):
got this from g Edward Griffin.
Speaker 7 (14:03):
Oh my goodness, that's fabulous.
Speaker 2 (14:06):
How much at the time, how much it's worth, I
don't know, but it's got to be at least. It's
kind of heavy.
Speaker 7 (14:13):
So Sarver's running around high fifties. There's sixty bucks an
out so that's a far cry from five dollars an
ounce when I started the website.
Speaker 2 (14:27):
Yeah, and it's only going up too, you know. And
since I mentioned Kenny Michaels, there's things he's talking about
that I obviously can't verify. But you're not going to
hear about it on any mainstream media outlet, let alone
any independent outlet either. But did you know that when
(14:53):
Trump went sent deep troops into Venezuela, not only did
he uh did did the troops capture the Venezuelan president
whose names escaped my mind? But also they came back
with a bunch of gold? Were you aware of that?
Speaker 7 (15:18):
I've heard it. I can't verify it. I'm not saying
it's right, but I can't say that I'm a hundred convinced,
but it was. You know, it makes sense. I mean,
you look at what happened with Kadafi. I mean they
went in there and you know, Hillary laughs about blowing
him up, and then they went in there and confiscated
the gold immediately thereafter.
Speaker 2 (15:39):
And then of course there's that movie I think it's
called Three Kings and all about, of course, three desert
storm veterans that kind of stayed behind after it was
supposed to be all over. Who were gonna rob Saddam
Hussein of a bunch of gold?
Speaker 7 (15:56):
Yeah? Yep, So gold is the really I called gold
the establishment metal. Now people outside of the you know,
the alt media that've never seen a show like yours, Billy,
We'll look at the mainstream news and they will figure
that gold is meaningless. It has no real use in
(16:20):
anything else. But but they don't know from the mainstream,
is that gold took over as the number one asset
for central banks recently. In other words, the reserve for
banks always for a long for many years, I won't
say always, for numerous years, was the US treasure market
in other words, T bills, T bonds, and T notes
(16:43):
dollars US dollars. And now gold has a greater value
among central banks than any US currency does. That's significant,
and you're not going to hear that from the six
o'clock news. But what that tells it says that even
the banking establishment realizes that, and they've noticed from the beginning.
(17:07):
But they're putting their money quote unquote money where their
mouth is, using the printed currency of dejure. If you're
in Germany, it's marx or euros, whatever it is, euros,
I guess to buy gold. And that means that we
probably we'll see gold in the next monetary system, although
(17:30):
I'm not convinced yet, But gold's importance has been throughout
monetary history. Silvers has been equally as important at certain
times of monetary history. But really from the late eighteen hundreds.
It's been persona non grad. It really hasn't been anything
close to an establishment monetary asset. The banks don't hold
(17:54):
silver as a monetary reserve at all, and it's questionable
if they ever will. However, as you know, both you
and John, that this is something that hit the critical
Minerals list a few months back, which means it's strategic,
which means it's needed for basically a need for national security.
(18:18):
It's needed for war, among other things, but war primarily.
And what I am pondering is how much do they
need and how soon are they going to get it?
So one hundred million ounces is not out of the question.
The reason I say that is that when the silver
Eagle program started in nineteen eighty six, the strategic stockpile,
(18:43):
and that's what it was called. There's others that argue
with me. I looked it up was one hundred and
thirty nine million ounces, and one of our good senators
have been paid off, said well, what are we doing
with all the silver laderunds not doing any good? I
actually argued with well, argue be too strong a order.
I had a very my side of the thing, power
(19:07):
versus force. So what was it. I was powerfully explaining
that it wasn't a good idea and that you can't
just call up anybody and get silver delivered anytime the
day or night. That went on deaf airs. So the
eagle program started and the stockpile was extinguished after a
(19:29):
few years, and the mandate on the initiation was it's
actually called the Liberty coin if you want to look
it up. For the people in the chat, I know
the actual name. We referred to it as Egal. But
the Liberty coin had to buy domestic produce silver. All right,
we have to buy us silver to coin this the eagle. Well,
the problem is we ran out of the above ground
(19:51):
supply and we didn't have enough domestic supply to produce
enough eagles for domestic for use. The demand and the
demand really picked the man out to look it up.
Is probably around fifty million ounces, but started about ten
million ounces a year, stayed around ten twelve to fifteen
million ounces a year, started building up. The point is
(20:13):
they had to change the law, and the law got
changed where they could source silver from anywhere in order
to meet the silver demand for the silver Egal. But
that tells you how I'll use the word pathetic. The
silver mining industry is, and particularly was because we've increased
some mining in the US for that, you know, for
(20:34):
the for the needs of the nation. Let's say, so, now,
if we get that one hundred million ounces that I'm
just wagging a wild ass guests that that's what the
strategic research should have in it. That's a pretty big
slinging factor because the only mind about eight hundred and
fifty million ounces, So we're talking, you know, a good
fifteen percent more on the margin, and so that could
(20:59):
serve they put a basement on the price. Now will
the government do that? I think they will. I just
don't know when they'll start it, and again how much
they want. But you know, would two hundred million be
out of question? No, not if we needed one hundred
and thirty nine million back in the you know, nineteen
seventy to nineteen eighty five, eighty six. Anyway, I will
(21:23):
not beat that dog any further, John, Do you have
any questions or is this an audience participation event? I
don't really remember.
Speaker 2 (21:31):
Oh yeah, we're live and we do have a phone line.
Very rarely do we get calls, but yeah, go ahead, John,
And then I got something ironic to share with you
as well, David.
Speaker 6 (21:42):
Well, I was curious because it seems to me the
part of the reason we got away from the gold
standard is because gold is limited and it's hard to
hold gold, especially when people want to consume it. So
we got into petrol dollars, so we relied on GDP
to for valuation of our dollar, which seems its counterparductive
to outsource your manufacturing. If you're relying on the GDP
(22:05):
too stricten your dollar creates inflationary and stuff like that.
Speaker 5 (22:08):
So you have issues. You said earlier that you think
will be moving back to gold.
Speaker 6 (22:13):
But at one hundred and thirty nine ounces four thousand dollars,
that's just like half a trillion dollars worth of gold.
So it really doesn't give us any security or balance
with our currency, does It does not.
Speaker 7 (22:23):
So you made two really important points, or maybe more
to a sticking to my mind. Number one is gold
is kind of a policeman on the currency. The reason
that there's nothing magic about gold. The magic of gold
is it's neutral. It's an element on the periodic table,
and if gold is money, that means, you know, John
(22:44):
and Billy and I could get together and go down
the creeks of Idaho and actually find money and spend it.
So the banks don't have total control of it. The
other thing is it's limited and supply is the money
supply does grow. The gold supply does increase every year,
but it's about one one and a half percent a year,
which is an actual stable money monetary growth. So in
(23:07):
a sound money system, really a bimetallic system superior. But
I don't divert yet. But in a gold standard, give
a gentle deflation. So when John started the workforce at
don sage twenty, he knows when he's sixty or seventy
or fifty he wants to retire that the dollar he
saved when he's a twenty year will buy more when
(23:29):
he's fifty years old than it did when he saved it.
That's a sound money system. That's monetary stability, which the
Congress turned over to the FED was there. That was
their demand. It was the demand on the Congress to
regulate the value, in other words, to keep his stable
sound money. And they diverted and got talked into it.
(23:52):
Whatever lots of takes on how the FED originated, but
regardless it did, and the Congress really gave up their
duty to a private corporation that now runs the monetary
system for the United States. But gold was actually in
the system from the beginning, from that start, but that
discipline fades away. So that was point number one. Point
(24:15):
number two is very good. I'm gotta be brought up
because I'm you know, I got even perturbed up my
own peer group, you know, the gold and silver dealers
and some of the analysts. And I'm not saying I'm
better than anyone, or no more than anyone, but you're right,
if we revalued gold to the current price, it doesn't
it's a spit in the ocean. Excuse the slang for
(24:37):
helping the deficit. So if you're running up to like
twenty thousand ounce, which covers the gold paper ratio. In
other words, so much money's been printed that if we
went on a base money I'm not talking about checking
book money, I'm talking about m one. I'm talking about
what's called base money. The Austria school calls it true money.
Supply how many of those pieces of paper are in syricus.
(25:00):
By the way, sixty percent of the currency it's outside
of the United States because it's trusted more than the
local currencies. You rather have a piece of green paper
than a piece of purple paper when you're in Argentina.
You rather have a piece of green paper in Venezuela.
Speaker 5 (25:16):
Anyway, I digress international currency anymore.
Speaker 7 (25:19):
Yeah, So that value goes to twenty thousand to make
it just cover the currency. Now that's fivefold above where
we're at. So that would be about five trillion dollars.
It's rough free trillion, said after it's really about a trillion.
So that's five trillion, well, five trillion versus the forty
(25:40):
trillion that we're in debt. I mean, it's more helpful.
It means you can make your credit card payments a
lot longer. But it still doesn't balance anything. You know,
if it's got five trillion at twenty thousand dollars the
ounce gold and that's only five and you got to
get to foty, you got to take eight. Last time
I checked, five times age is forty. So you gotta
(26:01):
take that twenty thousand and multiply that by eight. I'm
down one hundred and sixty thousand dollars. Ounce going to
balance the budget. I don't think that's going to happen.
I do think that the reset will cause all kinds
of pain for almost everyone, and there'll be a reset,
(26:23):
and the reset will be to their advantage, not ours,
and we'll get a pretty big deflation, meaning that we
will have to we'll get let's say we get a
ten to one rollback, so you're you got one hundred
thousand in the bank and now becomes ten thousand, so
Starbucks coffee instead of being five bucks and fifty cents. Ye,
(26:44):
that sounds good. The problem is that it goes to
seventy five cents really quickly, So if you go by percentages,
it just causes more pain for the populace. And I'm
not certain, John, I mean, I think the initial rollout
of the reset will be a modern money theory, you
print all you want, doesn't matter, which of course it does,
(27:06):
and that it won't be backed by anything, and it
will be tied to the universal basic income, which goes
to the donkey with all the gold at its feet
and our paycheck sitting on the sidelines. And you're going
to be incentivized to sign up with your retina scan
(27:26):
and your DNA thumbprint to make sure that you're in
the system. The new system, I could call it the
BT system and probably not be far off. I started
getting your UBI, so you know you've earned it. No,
you haven't earned it, but you're granted it by government
edict that you have a UBI universal basic income just
for breathing. And I'm you know, I'm very big at
(27:48):
a hand up, but not a handout. I'm very willing
to help somebody go back to school and learn the
trade I've done on my own family, you know, my
dad was like that. But that's giving them a skill
that they can go out and work on their own.
They're not going to ask me for another dime, you know,
along whatever. Maybe you know what I'm saying. So that's
a hand better in their lives, learn another trade, do something,
(28:12):
but a hand out. You know. It's to teach a
man to fish or give a man a fish. It's
that simple. And I'm really in you know, want to
teach a man to fish or woman? So anyway, I
droned on as usual, John, you want to pull me
back in.
Speaker 6 (28:29):
I think we'll get ready to go to a break,
but before we leave out, I'd just like to throw
it out there that maybe we'll catch it back on
the other side of the break. Do you think this
reset you're talking about, are we moving towards digital currency?
Speaker 7 (28:41):
Oh? Yeah, we can do that after the break.
Speaker 2 (28:43):
Yeah, yep. So go ahead and take our bottom of
the hour break and we'll be back in about two minutes.
All right, ladies and gentlemen, we are back once again.
We're joined by David Morgan, the Silver Guru, and uh yeah,
we're getting into the darker part of the conversation as
(29:05):
we before we went to break talking about the digital currency,
which I mean, yeah, there's some deflation at all, so
it's it's basically overall just another part of communism. It
looks good above the surface, but once you get down,
uh to the core, it's not good at all. I
(29:28):
mean we're talking they can you post something on Facebook
or X. They don't like it, they halt your currency
or or find you for it. Oh you've had You've
had too much pizza this week. You don't need any more,
so we're gonna halt that.
Speaker 7 (29:45):
You know.
Speaker 2 (29:45):
I want to control how you live, what you do
in your everyday life, what you.
Speaker 6 (29:50):
Eat, wanditor everything you spend, and limit your spending if you,
like you said, if you have a social social credits cords.
Speaker 5 (29:58):
Right if you well, if you devalue in social credit score,
then you can only spend so much this week.
Speaker 2 (30:07):
It's unbelievable.
Speaker 5 (30:09):
But that's what they want. They want the information. What
do you spend it on?
Speaker 2 (30:14):
Billy? What do you buy? Billy? You buy more guns?
Speaker 5 (30:17):
We don't like that, Billy.
Speaker 2 (30:19):
Your business, your business, you know. I think one thing
I'd just love to see is the good old fashioned,
old school seventeenth eighteenth, nineteenth century barter system right there.
(30:40):
That's where real value was traded for real value, not gold,
not dollars. I like the sound of that, And be
honest with you, David, over to you, all.
Speaker 7 (30:53):
Right, Well, I'm going to get into the digital currency.
Before I start there, just as heads up about coming
forth of July the two hundred and fiftieth anniversary. I
just want to remind everybody about what was sacrificed from
the get go. And this is a quote about the
(31:14):
closing sentence, the closing sentence of the United States Declaration
of Independence, and I quote and for the support of
this declaration, with a firm reliance on the protection of
divine providence, we mutually pledged to each other, our lives,
(31:37):
our fortunes and our sacred honor. And many of them
did lose their lives, and so is freedom worth dying for?
Well as the military, you know, many of them sign up,
but I'm going to leave that to the side. By
the way, I just have to brag a little bit,
John and Billy. I have one granddaughter so far, hoping
(31:58):
for more. Worn a third of.
Speaker 2 (32:01):
July, my foster son and my cousin born on the fourth.
Speaker 7 (32:08):
Okay, good.
Speaker 2 (32:11):
And by the way, to also steal from the Greeks
when they were dealing with the Persians. It's been. It's
they believed it, and I believe it firmly as well.
Better to die on your feet than live on your knees.
Speaker 7 (32:29):
Yeah, all right, So let's get into the digital currency.
I think the best way for this is I don't
have a certainty about it, but if history is any guide,
my expectations are something fascinating. No monetary system lives forever.
The Roman denarius disappeared and florin gave way to other currencies.
(32:50):
The British pounds rendered his place as a world deserve currency,
and even the Breton Wood system, which is the dollar
system that was backed by gold that was shut a fifteenth,
nineteen seventy one of the Knicks administration ended. Every monetary
system eventually reaches the point where the promises exceed the
resources available to support it. So the question is not
(33:13):
whether today's fiat system changes. The question is what replaces it,
and my expectation is that the next system will not
resemble the one we currently know. Rather than paper notes
back by precious metals or anything else, we will likely
see a digital currency system. Many central banks are already
(33:35):
experimenting with CBDCs central bank digital currencies. At first glance,
they peer convenient. In fact, they are convenient. Payments settle instantly,
International transactions are easier. There's less friction, meaning you're not
the money changers, don't take out a high percentage of
the transaction because it's all computer done. Counterfitting becomes nearly impossible.
(33:58):
Tax collection automatic. You probably do right the ras, believe
it or not under that system because everything will be
TAXI point of sale. Government's benefit payments can be distributed immediately,
and those are real advantages, but so are the risks.
Unlike physical cash, digital currency creates a possibility of complete
(34:20):
financial surveillance. Every transaction we recorded, every purchase analyzed in
every account, potentially frozen or restricted with an algorithm or
a computer command. And as John said, you had too
much pizza, you can't buy another one, you drove too far,
(34:41):
your fuel allotment is canceled till next month. That type
of thing. So this technology makes control more and more
possible in all aspects of our lives, which is very unfortunate.
It reminds us that the powers created during emergencies rarely
disappear once the emergency passes. That's another possibility that I'm considering.
(35:05):
So rather than one global currency replacing everything overnight, I
think will evolve toward a network of interoperable digital currencies.
You can look it up for you academics or deep thinkers.
Look up ISO two hundred and twenty two. It's already
set if you can have the U one gold back system.
(35:27):
A lot of talking about m bridge and the bricks
currency and all that. I'm not gonna roll it out,
But the bottom line is, you know, as Lennon said,
who cares. Let them vote, It doesn't matter if they vote.
Who counts the vote is what matters. Well, here, it's
who clears the currency or the digital currency that matters,
(35:48):
and that's ISO two hundred and twenty two. So yeah,
we're gonna de dollarize. Well, okay, de dollarized, but we're
still in command. I hope you're catching my drift. So
nations may continue thrown currencies, but settling international trade through
a tokenized asset program, blockchain technology, or perhaps some form
(36:08):
of digital instruments, Gold itself could once again play a role.
Could I didn't say would not necessarily circulating your pocket,
probably never, but serving quietly as a trusted reserve asset
between nations, and we could have a two tiered currency.
(36:29):
If things got bad enough, you could be where we
were in the nineteen thirties. Remember Roosevelt made it illegal
for American's own gold, an international settlement was still done
in gold, and we could get back to something like that. Well,
we need these rare earths from China, all right, pay
(36:50):
us gold, you get the rare earth we need? What
os America produce? Pornography? What else? Not much foodstuffs. Wheat
will pay for wheat with gold. So that's a possibility.
But I'm want to give it a lot of attention
to this point. But remember that technology changes, but human
(37:11):
nature does not. And that still matters. Confidence still matters,
and scarcity still matter. So whether tomorrow's transactions occur with
paper notes, smartphones, blockchain tokens, or technologies yet to be invented,
societies will continue to searching for money that cannot be
manipulated indefinitely. Good luck. Every time we've been on a
(37:33):
gold standard or gold silver bimetallic standard, it's not the
gold standard that failed or the bimetallic system that failed.
It's that human nature entered into it and corrupted the system.
It's the human element that failed, not the gold itself.
Gold's in there, it's you know, it's a shiny rock.
I mean, I like gold. I have some gold, But
(37:54):
it doesn't solve the problem once you know, the human selfish, extortion, greed,
whatever enters into the system. So the system will be
set up properly, but fails because of man's inability to
live his word. Really, you could say it in those terms.
(38:15):
One system will emphasized convenience, speed, automation, and centralized control,
and they'll handle everything salaries, taxes, everyday, commerce and government transactions.
And the other system, the one I emphasized outside of
that system, to ignore that system, to circumvent that system
is to emphasize real wealth preservation, and that's God's money,
(38:37):
both gold silver, if you want to go far back
into monetary history, gold silver and coppers. Said a lot.
So far, I got more to talk about. But when
I give it back to you, John the Abilion, see
if I've confused.
Speaker 5 (38:50):
To mention, I'm surprise you skipped over Peso deocho.
Speaker 2 (38:53):
And platinum platinum no, no.
Speaker 5 (38:56):
His name in world currencies a Spanish world. Yeah.
Speaker 6 (39:00):
Silver Back in the day, in the sixteen hundred and
fifteen sixteen hundred, you had the world currency with silver.
Speaker 7 (39:05):
Saw.
Speaker 5 (39:05):
I was just kind of throwing it out there.
Speaker 7 (39:07):
Did. In fact, I'm starting to think about writing a
missive an essay about the silver standard because most people
didn't know that we were really on a world silver standard,
and China was the last to come off of it.
And I'm still thinking about it. I'm a bit of
a deep thinker. I mean, I I thought, well for
(39:28):
the movie, I thought for six months before I ever
started working on the script. Right Anyway, I digress. I'm
gonna be back to you guys.
Speaker 6 (39:34):
The weird part is about the silver standard. Is it
collapsed due to saturation? Didn't they oversaturated the market with
silver and it started losing its value.
Speaker 7 (39:45):
There's a couple of things. The opium wars had a
great deal to do with it, because the Brits are
running out of silver by buying from China. So the
Brits got the Chinese hooked on opium and got their
silver back or the silver back. And then, yeah, the
comstock load was a big you know, say that one
and one and a half percent gold increase. Generally speaking,
(40:06):
we had a huge flood of silver coming in the marketplace,
and that has happened in the history of silver a
couple of times. So yeah, because money supplies money supply.
If money silver and the money supply increases rapidly, that's inflationary. Well, so,
you know, there's nothing sacred about precious metals other than
they are limited. But certainly the flow rate, like the
(40:29):
float coming out of your hose. If it's half on
and that's steady and it's been that way for ten years,
that's kind of what you expect. So all of sudden
someone turns the hose all the way on and it's
blasting out double what it used to be. Wait a minute,
I got too much water. What am I going to
do with it all. That's probably a corny analogy, but
you get my point.
Speaker 2 (40:47):
Oh yeah, well, we got to go ahead and we're
at the final quarter, so we're going to take our
final break and we'll be back to wrap things up
with David Morgan, the Silver Guru, and about a minute
and a half. That's right. It is coming up very
very soon. In fact, next week, John and I will
(41:10):
be speaking with Dan Happle to talk about the upcoming
Red Pill expowl in Las Vegas. Get your tickets. If
you can't make it to Vegas, go to redpillexpo dot
O RG and uh watch it for free live stream.
But just get ready to wrap things up here with
(41:31):
David Morgan. David, I told you I something kind of
interesting to share with you.
Speaker 7 (41:36):
Now.
Speaker 2 (41:36):
I don't know if you know who Maurice the Native Patriot.
If you've heard of him or not, tell me more.
He's a Native American man, uh, native Washingtonian. He doesn't
live too far from you, and he's part of the
Patriots Prayer Network right here on this network with us.
(41:59):
And well when I met him a couple of times,
and last time I saw him was about a year ago.
And my son was pointing out his belt buckle, which
was solid silver and jade.
Speaker 7 (42:15):
Oh wow.
Speaker 2 (42:16):
Then I found out that I don't see, I don't
know what tribe he belongs to, but there was the
local one of the local tribes in the Washington territory
believed silver to be sacred. So I find that kind
of ironic.
Speaker 7 (42:35):
Well, I you know, I won't argue that there's a lot.
I actually asked, I googled it before AI, why is
the spiritual significance of silver? And honestly, my memory is
good but not perfect, but there were some areas that
it certainly was considered to be a spiritual medal. What's interesting,
I had given a speeches, one of the early ones
(42:58):
in my you know, trek through this journey that I'm on,
and somehow it hit me at the end of the speech,
and of course I was just stolen the virtues of
missing and silver for all kinds of reasons. I reminded
everybody that silver conducts heat better than any metal. It
reflects light than any other metal. So I ended the
(43:20):
speech with those that don't see the light are gonna
feel the heat. Let's just.
Speaker 2 (43:28):
Well then again, hey, up there in Washington, you got
all those volcanoes they're talking, they're talking about uh. Last
I heard there's some minor activity in uh at Mount
Saint Helen's like it it's and if any of them
are gonna blow, that one's definitely most likely. But then
but if Mount Ranier goes, oh boy, some people are
(43:51):
in trouble from Tacoma to Seattle and uh also Mount
Adams possibly as well. They talk about that.
Speaker 7 (44:01):
When I moved over to this part of the state
in nineteen ninety nine, my yards still have what I
call moon dust. It still had a little thin at
the top of the surface, a little bit of the
ash from Mount Saint Helens, and it dissipated within probably
a couple of years. You'd have to kind of look
(44:23):
for it. I mean, when the light hit it just right,
you'd see all that gray is still there. It's gone now.
But that's you know, twenty twenty seven years ago.
Speaker 2 (44:34):
Yeah, yeah, now it's I remember I was when that
incident occurred. I was what I think I was five
or six years old when Mount Saint Helen's blue, And
of course I don't remember a whole lot from that time,
but I remember all the pictures everywhere I go into
a store or something. There picture of Mount Saint Helens
erupting and volcanoes have honestly since like the age of ten,
(44:58):
have always kind of fascinated me.
Speaker 7 (45:01):
But how would you like to wrap up? How could
I be a maximum service to you your audience?
Speaker 2 (45:08):
And so let's just talk about when it comes to investing.
You know, what's the advice you think you can give you?
Obviously you know I'm I'm affiliated of course with Birch Gold.
There's all kinds of groups. There's Noble Gold, there's Golden Cress,
there's Rigging Gold, there's U P M A. But and
(45:33):
if since you know you're an advisor on this, h
wouldn't you want to take I want to want to
help somebody out, you know, with set up an I
RA or something like that. What's the best advice you
normally give on these types of things.
Speaker 7 (45:51):
Well, I'll tell you. I put it out as a
public service many many years ago. I was asked by
I Forget, the publisher of a book called Investing Years.
It came out of the United Kingdom. They published it
every year, and it was probably around nineteen ninety nine,
(46:13):
two thousand and two thousand and one in that area,
and they have a silver expert. They found me, and
they asked everybody in the book, so mutual funds, limited partnerships,
stock investors, options traders, you name it, value investors, momentum investors.
(46:33):
So everyone had a chapter. And the chapters are two
pages thick, and the book's pretty thick. So they were
on real estate. I mean they covered everything. So my
you know, ten rules of silver investing were putting that
book and my name on it obviously, and then I
just used it and put it out in the general public.
(46:54):
So this applies across the board, and the ten rules
are one when all else fails. There is silver on
physical silver as a monetary insurance, but keep it portion
accessible in an emergency. I started that off by saying,
no one wants to be a professor of doom, but
(47:15):
in the unlikely event of an all out financial crisis,
everyone should own a little physical silver because with silver
you'll be able to buy food, water, and gasoline, whereas
gold will have too high unit value to really be
much use in a monetary sense. In other words, hey,
you might buy half a cow with a gold coin,
(47:37):
but you're not going to buy groceries or gasoline. Second
rule starts small. Keep it simple, gee begin with boullion
coins or bars carrying the lowest premium. Avoid collectibles, jewelry
and other commenmoratives as your objections is objective is in
an investment, not collection. Boost the power of your dollars
(47:58):
with mining shares the dollar cost average. To lower your
cost and increase your discipline. Invest regularly rather than trying
to perfectly time the market. Number five, Do not get
a raw deal from your dealer. Buy from established, reptible
billion dealers. The lowest quoted price is not always the
best value if execution and deliveries are at risk. I
(48:22):
put out I was putting out a paper for fifteen
bucks on trusted dealers and who to buy from, and
I got a lot of flat from not recommending Toving.
I knew that Toving had already declared bankruptcy once, and
I knew how he didn't hedge, so I didn't recommend him.
But he was the lowest price. Well he went out
(48:42):
of business, and so I quit giving that offer of
who would I recommend? Because people thought the lowest price
was a good deal, and it turned out not to be.
Number six, which yours is years, will keep it that
way securely if usual storage insist on segregated holdings, and
(49:03):
I'm adding to that it's not in the book, and
make sure that the insurance covers your full amount. Many
of these, it's probably many, I'll say several of these
buyon storage facility. I'm not talking about Brinks or one
of the banks, or the vaulting services that move metal
daily like Brinks or Darta or Loomas. But others don't
(49:27):
ensure fully. So they got twelve twenty billion in silver
and gold and insure for half that price. They save
a lot of their insurance, but it's not fully insured silver.
Speculation is like coughs are good and small doses, but
too much can make your portfolio sick. Futures and options
or speculation not investment should only represent a very small
(49:51):
portion of one's metals exposure, if at all. Eight A
little knowing, a little information can mean a lot more dollars.
Understanding the fundamental drivers over supply demand monetary forces can
materially improve investment results. Of course, that's sort of plugging
what I do, and I do a lot more than silver.
We cover all of the resources. We cover lithium, rare
(50:12):
elements cold bought big on copper or uranium. Stocks to
them are up five hundred percent, so cover them all.
But gold and silver are basically the best place to
be currently under current condition. Collecting silvers and art not
really an investment. Rare coins and collectibles do have their place,
but should not be confused with an investment in just puter,
(50:34):
bullyond and last. More than ten percent is too much
of a good thing. Maintain diversification your guidelines. The guideline
is your average investors should limit their exposure to probably
ten percent of a well balanced portfolio. So that's it.
That's advice written twenty five years ago or thereabouts, and
(50:56):
still hold today. And start small. If you never bought before,
call up Birch Gold, buy from them by you know,
a small amount. Now, some of these dealers and I
don't know Birch specifically, I know of them, I know
almost all of them by name, but some have said, well,
you know, unless you're dealing you know, five thousand mark,
(51:17):
then we don't want to do your business. Not many
are like that. There's a few, but some do have minimums.
But really you want to start small. See how they
treat you. See how it's package, See how long it
takes to for your check to clear, to get your metal,
and that type of thing. And what happens sometimes is
that people get excited to hear, you know, the honest
money story. They oh, my goodness, I want to put
(51:38):
myself on a gold standard. They're going to dump all
my savings into gold tomorrow. And they do it, and
they've never done it before, and they make a rookie mistake.
They've dealt with a dealer like Toving or you know,
they went all in. It's much better, you know, learn
how to walk, you know, crawl before you walk, you know,
(51:59):
just baby steps at the beginning, once you're established. And
a lot of what people don't know is there's a
propensity for people that deal with Birch Gold or oh,
let me even think of another one, I know, Miles frankly,
and once they do their first purchase and everything goes smoothly,
(52:20):
many people are very loyal. They will stay with that
dealer ad infinitum because they were treated well. The package came,
the god what they paid for invoice was, you know,
everything was more or less perfect, and rather than chance
going to a different dealer and you know, getting a
better price or whatever. A lot of people will stay
(52:42):
very loyal to that dealer from then on because everything
went as expected and now they have a trust built
in from the first transaction. And that's something that people
very really talk about and it's not a bad thing,
you know. But then there's others that are shopping price
all the time, and sometimes, as I said in the
ten rules, getting the best price is and always the
(53:03):
best thing because you might not get your product.
Speaker 2 (53:08):
One thing. We're definitely out of time, and I appreciate,
appreciate you, David, And I think I need to say
this before we conclude, too, is those who follow me off,
many of them know that I do run an internet
radio station, the AOW Radio Network, and on Mondays, I
(53:32):
of course feature old Casey case and programs and I
get those from a gentleman in Austria and I usually
give him about, oh, I'm going to say about one
hundred and twenty five US. Well, I just made a
purchase from him a couple of weeks ago. Before he
(53:55):
would get one hundred and nineteen euros. It's dropped down
to one hundred and three, so that should show you, right,
there how much the US dollar is devalued. So anyway, David,
God bless you. Thank you so much for your time,
and I don't want this to be the last time
we speak, because you're a wealth of knowledge on this
(54:16):
subject and as time goes by, we'll need to speak again.
You know, you release another documentary, you got to let
me know as well.
Speaker 3 (54:23):
Okay, well, I'm pretty burnt out at this point in time,
but you know, I'm still here for a purpose and
it's not out of the question, but it's certainly I'm
taking a breather from that. That was two years, a
very hard effort, and by the way, it was Dan
Happle is the one that connected me with James Jaeger.
Dan's the one that actually made the connection and got
(54:44):
the thing rolling. So shout out to Dan.
Speaker 2 (54:47):
Yes, we'll be speaking to him next week. Yes, indeed, yes,
So once again, thank you so much for your time.
God blessing, the best of luck to you. Wish I
could see you with this upcoming ex Bope.
Speaker 7 (54:58):
Yeah, I'd love to be there, Lamy, but it's not
gonna work this year. But every time I've been there,
I have enjoyed it. I've been a participant as a speaker,
that's where. But I also come to as a just
you know, a regular dude to walk around and hear
the speakers and visit the moose and all that type
of thing. It's it's a great event. Ed Ed needs
(55:21):
and needs more recognition than he already has. He really does.
He's done.
Speaker 2 (55:26):
Yeah, he is fantastic. Well, anyway, that's all the time
we have. Thank you so much. Okay, you're welcome, and
ladies and gentlemen, thank you so much for turning Tuning
into Patriot Confederation. God save the Republic of the United
States of America.
Speaker 3 (55:45):
And we live Bang from Bang
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