How $8,000 GOLD Will Become A Reality! | Gregory Mannarino

00:36:34
https://www.youtube.com/watch?v=zQ0pEKCrlS4

Resumo

TLDRThis video features a discussion on the current economic climate, focusing on the roles of central banks and market instability. Central banks, described as having a single product—debt issued as currency—are central to the issues discussed, as they are inflating the economy by issuing and buying their own debt. The speakers highlight the need for strong currencies and interest rates to support economic stability but note the challenges posed by the central banks' actions. Greg Mannarino, a significant contributor to the conversation, suggests that the market is being manipulated by the issuance of debt, leading to a lack of actual price discovery in commodities and stock markets. Investors are encouraged to hedge against these potential market disturbances by holding commodities such as gold and silver. The discussion also touches on the idea of becoming one's "own central bank" by investing in undervalued physical assets. Mannarino clarifies that market dynamics are skewed by debt bubbles and hyperinflationary pressures, which traditional financial metrics like PE ratios cannot accurately reflect anymore. The conversation points out that the debt market's actions dictate broader market movements, urging viewers to monitor this closely. It also mentions current themes like bond market volatility, the inefficiencies in economic data presentation, and Warren Buffett's recent moves, highlighting his cautious stance by selling stocks and holding substantial cash reserves.

Conclusões

  • 📉 Central banks primarily deal in debt, influencing economic stability.
  • 💡 A strong economy requires a strong currency and corresponding interest rates.
  • 💰 Hedging against market instability can be achieved by investing in gold and silver.
  • 🔍 Market manipulation by central banks leads to a lack of true price discovery.
  • ⚠️ The debt market dictates broader market trends.
  • 📊 Watch the debt market for signs of economic shifts.
  • 🚨 Potential black swan events could trigger market crashes.
  • 🪙 Commodities like gold and silver remain strategic investments.
  • 🔀 Market dynamics are heavily influenced by central banks' debt strategies.
  • 🤦‍♂️ Market predictions remain uncertain due to potential unforeseen events.
  • 🎯 Warren Buffett's moves signal possible market caution.
  • 📈 Bond market volatility is a significant economic indicator.

Linha do tempo

  • 00:00:00 - 00:05:00

    Central banks have a longstanding plan to control the economy by increasing debt, which is their primary product. This devalues currency and fuels a mechanism where they continually issue and buy back debt, creating an inflationary cycle. Individuals should hedge against this with commodities like gold and silver, as a rapid economic contraction is expected.

  • 00:05:00 - 00:10:00

    The stock market is operating at high multiples not seen since prior crashes, but mainstream media downplays this, misleading the public about economic health. The central banks aim to control all economic debt, manipulating the system and devaluing currency as part of a long-term endeavor. Business activity continues to decline, signaling an unhealthy economy.

  • 00:10:00 - 00:15:00

    Central banks globally issue and buy massive amounts of debt while also being major buyers of gold. This indicates a strategy where they potentially control financial outcomes by creating a highly leveraged environment. Individuals are encouraged to protect themselves by understanding these dynamics and investing in hard assets.

  • 00:15:00 - 00:20:00

    The economic situation is exacerbated by debt saturation, with central banks buying up debt to maintain low rates and currency devaluation. Observing the debt market is crucial as it dictates other asset prices, with central banks likely manipulating this for control. There is concern over what happens when central banks can no longer purchase debt.

  • 00:20:00 - 00:25:00

    Despite media narratives, the debt market shows underlying economic stress. The central bank's control through debt purchases keeps rates low and incentivizes risky market behavior. A potential collapse would start in the debt market, affecting all assets, and could lead to a shift toward commodities and cryptocurrencies.

  • 00:25:00 - 00:30:00

    Predicting a market crash's trigger is challenging, but the debt market's behavior is critical. Despite expectations of rate cuts, the FED's efforts to keep rates low is what the market focuses on. A real crisis could stem from an unforeseen event in the debt market, necessitating more strategic individual financial planning.

  • 00:30:00 - 00:36:34

    Hedging through commodities remains essential as economic instability persists. The real asset value is obscured by market manipulation and false price discovery. Key insights include being prepared for rapid shifts in asset values and maintaining diversified holdings, especially in precious metals and potential crypto growth.

Mostrar mais

Mapa mental

Mind Map

Perguntas frequentes

  • What is the main product of central banks?

    The main product of central banks is debt, often issued as currency.

  • How can one hedge against market instability?

    One can hedge against market instability by investing in commodities such as gold and silver.

  • What is the expected outcome of central banks' endgame?

    The expected outcome is central banks inflating the market to own significant portions of the debt, potentially leading to a loss for the general populace.

  • Why are higher interest rates important?

    Higher interest rates support a strong currency, which is essential for a strong economy.

  • What market phenomenon did the speaker highlight regarding the 10-year yield?

    The speaker highlighted the 10-year yield has been volatile, with rates rising unexpectedly, attributed partly to 'bond vigilantes'.

  • Who is Greg Mannarino?

    Greg Mannarino is the host of traderschoice.net and a frequent speaker on economic and market issues.

  • Why is it difficult to predict market crashes according to the discussion?

    It's difficult to predict market crashes because the trigger event is likely to be an outlier or black swan event that is unforeseen.

  • What is Warren Buffett's current strategy in response to the market conditions?

    Warren Buffett is selling stock and accumulating cash, potentially indicating a cautious approach towards an overvalued market.

Ver mais resumos de vídeos

Obtenha acesso instantâneo a resumos gratuitos de vídeos do YouTube com tecnologia de IA!
Legendas
en
Rolagem automática:
  • 00:00:00
    but we're at the point of no return
  • 00:00:01
    there's just no turning back here
  • 00:00:03
    absolutely look the mechanism is going
  • 00:00:05
    to continue it doesn't matter what look
  • 00:00:09
    the central banks have their their plan
  • 00:00:11
    their design it's uh very very old and
  • 00:00:14
    they are fulfilling their ingame to
  • 00:00:16
    basically own it all uh to flood the
  • 00:00:19
    world with their product and at the end
  • 00:00:21
    we all lose first of all let's talk
  • 00:00:23
    about how what central banks do they
  • 00:00:25
    have a single product their product is
  • 00:00:27
    debt uh in the form of a currency and
  • 00:00:30
    the more that they produce of this stuff
  • 00:00:32
    here the more unfortunately it devalues
  • 00:00:34
    the currency here now serg banks are
  • 00:00:37
    issuing debt through one door in the
  • 00:00:39
    form of currency and then buying it back
  • 00:00:41
    in the form of treasury notes here
  • 00:00:42
    through another door it's a revolving
  • 00:00:45
    mechanism massively inflationary here
  • 00:00:47
    stay hedged in this market and you're
  • 00:00:50
    hedging your Yourself by being long
  • 00:00:52
    Commodities gold silver my favorite of
  • 00:00:54
    asset all of all time uh realizing that
  • 00:00:57
    at one point this multiples expansion
  • 00:00:59
    cycle is going to contract and I mean
  • 00:01:01
    it's going to contract so fast that
  • 00:01:03
    people's heads are going to spin around
  • 00:01:05
    like like moveie the
  • 00:01:10
    Exorcist hello and welcome back to Sora
  • 00:01:14
    financially a channel where we discuss
  • 00:01:16
    the macro to understand the micro my
  • 00:01:18
    name is Kai hoffen I'm the adjr mining
  • 00:01:20
    guy over on X and of course your host
  • 00:01:22
    for this conversation and I'm looking
  • 00:01:24
    back looking forward to welcoming back
  • 00:01:26
    an old friend of the show here GRE
  • 00:01:28
    Menino he's uh you know the host of
  • 00:01:30
    traderschoice.net and of course the
  • 00:01:32
    Robin Hood of Wall Street he has a
  • 00:01:33
    phenomenal YouTube channel make sure to
  • 00:01:35
    go check it out I'll link to it down
  • 00:01:37
    below and uh really excited to have him
  • 00:01:39
    back tumultous times Lots going on and
  • 00:01:41
    lots to discuss of course and uh before
  • 00:01:44
    I switch over to my guest there's one
  • 00:01:46
    free way how you how you can support us
  • 00:01:48
    and it's just by hitting that like And
  • 00:01:49
    subscribe button helps us out
  • 00:01:50
    tremendously and we do appreciate it now
  • 00:01:53
    Greg it is great to have you back on the
  • 00:01:54
    program thank you so much for joining me
  • 00:01:56
    here thanks for having me been looking
  • 00:01:58
    forward to this since the last time yeah
  • 00:02:01
    it's been a while it's been like seven
  • 00:02:03
    months since we last chatted so we of
  • 00:02:04
    course we have lots to talk about and
  • 00:02:06
    maybe we'll start off with uh with an
  • 00:02:08
    all-encompassing question and uh last
  • 00:02:11
    last year were on you highlighted that
  • 00:02:12
    uh a strong economy needs a strong
  • 00:02:14
    currency supported by a high interest
  • 00:02:16
    rates right um given what we know now
  • 00:02:19
    we've we're seeing lower interest rates
  • 00:02:21
    we're seeing a economy with a lot of
  • 00:02:23
    question marks and a currency that is
  • 00:02:26
    resilient wouldn't call it strong but
  • 00:02:28
    it's resilient given the basket of other
  • 00:02:30
    currencies We compare it against right
  • 00:02:33
    um what what's your sitra like how do
  • 00:02:35
    you an analyze the situation right now
  • 00:02:37
    where are we at right now
  • 00:02:39
    Greg we're we're at the point of no
  • 00:02:41
    return there's just no turning back here
  • 00:02:44
    absolutely look the mechanism is going
  • 00:02:46
    to continue it doesn't matter what look
  • 00:02:49
    the central banks have their their plan
  • 00:02:52
    their design it's uh very very old and
  • 00:02:55
    they are fulfilling their endgame to
  • 00:02:57
    basically own it all uh to flood the
  • 00:03:00
    world with their product and at the end
  • 00:03:02
    we all lose unfortunately unless we're
  • 00:03:03
    taking action against what they're
  • 00:03:07
    they're put they're forcing on us here
  • 00:03:09
    uh with regard to uh the mechanism it's
  • 00:03:12
    just too simple to understand in my view
  • 00:03:15
    understanding the and I'm glad you
  • 00:03:17
    brought it up there are just two
  • 00:03:18
    fundamental truths in economics and
  • 00:03:20
    finance and I mean people just don't
  • 00:03:22
    have any conception of it here but I
  • 00:03:24
    mean it just makes sense to have a
  • 00:03:26
    strong economy you need a strong
  • 00:03:28
    currency to have a strong currency you
  • 00:03:30
    need a corresponding rate of interest
  • 00:03:33
    high enough to support the purchasing
  • 00:03:34
    power of the currency I mean these are
  • 00:03:36
    this is economics 101 or Finance
  • 00:03:38
    economics 101 but the people just again
  • 00:03:42
    they they're not told the truth by
  • 00:03:44
    anyone and then they sit back and they
  • 00:03:46
    wonder why the situation is what it is
  • 00:03:50
    and it's just not going to change
  • 00:03:54
    unfortunately until
  • 00:03:56
    people come together which they're not
  • 00:03:58
    going to we have a conquer Society a
  • 00:04:00
    divided Sy A system that has divided
  • 00:04:03
    them all they cannot elicit change by
  • 00:04:05
    coming together part of the design here
  • 00:04:07
    unfortunately none more so than here in
  • 00:04:10
    the United States I just living here in
  • 00:04:13
    this kind of environment right now is
  • 00:04:16
    very uh I'm G to say it's challenging uh
  • 00:04:19
    just trying to connect with people that
  • 00:04:21
    most people again they walk through time
  • 00:04:23
    and space I hate to say this they don't
  • 00:04:24
    know who they are what they're doing or
  • 00:04:27
    why they doing it they just you know
  • 00:04:29
    listen to the propaganda Ministry they
  • 00:04:31
    won't listen to a show like yours or
  • 00:04:33
    mine where they can actually get the
  • 00:04:34
    truth out of it uh you know you and I we
  • 00:04:36
    you know we should be putting on tinf
  • 00:04:38
    hats and you know the the political
  • 00:04:40
    system or they all going to tell you the
  • 00:04:41
    truth with the mainstream media behind
  • 00:04:44
    me you got to be freaking kidding me man
  • 00:04:46
    but the fact of the matter is man look
  • 00:04:48
    unfortunately we are on a very dangerous
  • 00:04:50
    pathway if you look at just a few things
  • 00:04:52
    here we have a debt Market globally that
  • 00:04:55
    is the biggest monstrous hyper bubble
  • 00:04:57
    the world has ever seen uh central banks
  • 00:05:00
    obviously in here inflating that bubble
  • 00:05:03
    right now I mean it's gone further than
  • 00:05:05
    anyone I believe even myself would ever
  • 00:05:07
    imagine we have stock market multiples
  • 00:05:10
    trading at levels here with regard let's
  • 00:05:12
    say to the S&P 500 here in the United
  • 00:05:14
    States well beyond the 1929 stock market
  • 00:05:17
    crash well beyond the 87 crash will
  • 00:05:20
    beond the 2008 crash uh and here we are
  • 00:05:23
    now uh with multiples of almost 30 with
  • 00:05:27
    regard to the S&P 500 I mean just to
  • 00:05:30
    give you you know people a clue here in
  • 00:05:32
    29 the multiples on the S&P 500 were
  • 00:05:35
    about
  • 00:05:36
    17 uh in 80 in uh 87 we were somewhere
  • 00:05:41
    around 18 uh in 2008 we were somewhere
  • 00:05:44
    around I want to say uh
  • 00:05:47
    23 with PE ratio multiples and now we're
  • 00:05:51
    like almost 30 so look it's just people
  • 00:05:54
    again who's going to tell them that you
  • 00:05:55
    think they're going to get this kind of
  • 00:05:56
    Truth out of a politicians mouth now
  • 00:05:58
    they're going to be told where to look
  • 00:06:00
    how long to look at it and and basically
  • 00:06:03
    you know just be lied to across the
  • 00:06:05
    board it's insane yeah now so maybe
  • 00:06:08
    maybe to summarize what you just said
  • 00:06:09
    like the economy is in chambles like I
  • 00:06:11
    really like it is not healthy the way
  • 00:06:14
    they predict in mainstream Media or the
  • 00:06:16
    the way they're telling us in mainstream
  • 00:06:17
    media I think that's a fair fair summary
  • 00:06:19
    of what you've said as well and then the
  • 00:06:21
    the end game of the central banks is an
  • 00:06:23
    interesting one cuz you you said to own
  • 00:06:25
    it all and uh I think that part we need
  • 00:06:27
    to break down a little bit on what you
  • 00:06:29
    mean by that I'm guessing you mean all
  • 00:06:31
    the debt but my point like and then is
  • 00:06:34
    the motivation and why would they want
  • 00:06:35
    to do that maybe we'll need to break
  • 00:06:36
    that down and clarify that a little bit
  • 00:06:38
    Greg sure no just with with regard to
  • 00:06:41
    the economy here in the United States I
  • 00:06:44
    mean we haven't had one single round of
  • 00:06:47
    good good economic news for as far back
  • 00:06:49
    as you want to go uh just over the past
  • 00:06:52
    couple weeks we found out yet again
  • 00:06:53
    business activity continues to contract
  • 00:06:56
    manufacturing Factory activity remaining
  • 00:06:59
    in traction as well
  • 00:07:02
    unfortunately uh the propaganda with
  • 00:07:04
    regard to government numbers it's all
  • 00:07:05
    fake and everybody knows it's true no
  • 00:07:08
    with regard to central banks look they
  • 00:07:10
    they work together and they're doing
  • 00:07:12
    again this is a mission that they've set
  • 00:07:14
    out on since the Inception of Central
  • 00:07:16
    Banking right now and I urge people to
  • 00:07:18
    do their own research about this well
  • 00:07:20
    first of all let's talk about how what
  • 00:07:22
    central banks do they have a single
  • 00:07:24
    product their product is debt uh in the
  • 00:07:27
    form of a currency and the more that
  • 00:07:29
    they produce of this stuff here the more
  • 00:07:31
    unfortunately it devalues the currency
  • 00:07:34
    here now central banks are issuing debt
  • 00:07:37
    through one door in the form of currency
  • 00:07:38
    and then buying it back in the form of
  • 00:07:40
    treasury notes here through another door
  • 00:07:42
    it's a revolving mechanism massively
  • 00:07:44
    inflationary here at the same time
  • 00:07:47
    central banks are now
  • 00:07:49
    collectively uh not only the number one
  • 00:07:51
    issuers and buyyers of debt but they're
  • 00:07:55
    also the number one buyer of gold so
  • 00:07:57
    what are they doing what are they doing
  • 00:07:59
    what I've been telling people since day
  • 00:08:01
    one is become your own Central Bank bet
  • 00:08:04
    against the debt now you do this very
  • 00:08:06
    simply by holding a hard asset those are
  • 00:08:08
    the some are extremely uh massively
  • 00:08:11
    undervalued because of the mechanism
  • 00:08:13
    here you have to understand how this
  • 00:08:14
    works I didn't think you do but
  • 00:08:15
    generally population has no idea that
  • 00:08:17
    the the
  • 00:08:18
    the the way this works here again T
  • 00:08:21
    going back to what we started with the
  • 00:08:24
    two Dynamics or the fundamental truths
  • 00:08:26
    to have a strong economy if you flip
  • 00:08:28
    those upside down
  • 00:08:30
    what it does is it it acts like an
  • 00:08:32
    economic wrecking ball at the same time
  • 00:08:36
    it boosts the stock market by creating a
  • 00:08:38
    risk on environment opening up a doorway
  • 00:08:40
    for cash to make its way into the stock
  • 00:08:44
    market uh and and central banks have
  • 00:08:46
    been unbelievably successful in reinf
  • 00:08:49
    lating a stock market bubble around the
  • 00:08:51
    world uh a real estate bubble here on
  • 00:08:53
    the back of the debt hyperbubble which
  • 00:08:56
    is a monster it's a time bomb it's
  • 00:08:58
    taking lateral and latter and and it
  • 00:09:00
    goes one F step further than that what
  • 00:09:02
    people need to understand is fundamental
  • 00:09:04
    factors don't matter anymore we just
  • 00:09:06
    discussed PE ratios just a moment ago
  • 00:09:08
    okay how they're so disconnected from
  • 00:09:10
    any kind of reality we've ever seen but
  • 00:09:13
    things like earnings and forward
  • 00:09:14
    guidance and PE ratios don't matter when
  • 00:09:17
    you have an environment where central
  • 00:09:19
    banks are in here buying all the debt
  • 00:09:21
    keeping rat artificially suppressed then
  • 00:09:23
    you have presidential hopefuls or
  • 00:09:25
    whatever the freak they are I call them
  • 00:09:26
    select e promising people
  • 00:09:30
    uh lower rates which is what we got out
  • 00:09:31
    of the mouth of both Trump and camela uh
  • 00:09:34
    it's an it's an amazing kind of set of
  • 00:09:36
    Dynamics and play but people don't know
  • 00:09:38
    so they can they hear this and they
  • 00:09:40
    think it's actually good news Irish
  • 00:09:41
    people just look back 25 30 years ago
  • 00:09:44
    when we had much a much stronger
  • 00:09:45
    currency when we had much higher rates
  • 00:09:47
    it only took one income to support a
  • 00:09:51
    family in a ni detached house with a
  • 00:09:53
    brand new car couple of kids running
  • 00:09:55
    around wild but today it's completely
  • 00:09:56
    different Dynamic people just don't
  • 00:09:58
    think like that unfortunately because
  • 00:10:01
    they've been
  • 00:10:02
    propagandized so the mechanism is very
  • 00:10:04
    it's not going to stop and I know that
  • 00:10:06
    there are a lot of people right now here
  • 00:10:08
    in the United States who are hoping that
  • 00:10:10
    one of these I call them creatures uh
  • 00:10:14
    that are that are running to be selected
  • 00:10:16
    to sit behind their Resolute D it won't
  • 00:10:18
    matter if they put a farm animal there
  • 00:10:19
    because we going to see expanding debt
  • 00:10:23
    currency devaluation economic Wrecking
  • 00:10:25
    Ball and depending on where this goes
  • 00:10:28
    the dead Market here is the key I don't
  • 00:10:30
    know how to tell people this in another
  • 00:10:32
    way man I don't even care what the stock
  • 00:10:35
    market does even though I'm immersed in
  • 00:10:37
    the market everyone knows that and I am
  • 00:10:39
    way long this Market everyone knows that
  • 00:10:40
    too okay but I watch the debt Market to
  • 00:10:45
    see what it's going to do because the
  • 00:10:48
    dead Market is going to dictate the
  • 00:10:50
    price action of pretty much every other
  • 00:10:52
    asset meaning everything else becomes a
  • 00:10:54
    derivative then it's too simple so I've
  • 00:10:58
    been telling people since my earliest
  • 00:10:59
    days when it came out here watch the
  • 00:11:01
    debt market watch the debt Market the
  • 00:11:03
    debt Market is always right the debt
  • 00:11:04
    Market is telling us right now that we
  • 00:11:06
    have a very dangerous situation that's
  • 00:11:08
    number one number two how long are
  • 00:11:11
    central banks going to continue to stay
  • 00:11:13
    in here buy it all keep rates suppressed
  • 00:11:16
    uh destroy the purchasing power of the
  • 00:11:18
    currency until they have secured their
  • 00:11:21
    position which in my in my view they
  • 00:11:23
    already have as World control so they
  • 00:11:25
    can again stop buying the debt that
  • 00:11:28
    would bring down the system and that's
  • 00:11:29
    what they really want to do and of
  • 00:11:31
    course issuing a new one it's just too
  • 00:11:32
    simple to understand the Dynamics in
  • 00:11:35
    play who the players are who the puppets
  • 00:11:37
    are where where society as a whole is
  • 00:11:41
    being led to and now they're leading
  • 00:11:43
    themselves unfortunately I hate to see
  • 00:11:45
    this I hate it like you can't believe
  • 00:11:47
    because of course what this means is the
  • 00:11:50
    one and two percenters win and the rest
  • 00:11:52
    of us lose and it's it it disturbs me to
  • 00:11:57
    a very high degree yeah no for for
  • 00:12:00
    obvious reasons obviously but um I have
  • 00:12:02
    to challenge you just maybe for clarity
  • 00:12:04
    I have to ask like have Western central
  • 00:12:05
    banks started buying their own debt
  • 00:12:07
    meaning um like has the US the US fed
  • 00:12:11
    bought treasury bills from the treasury
  • 00:12:12
    Department have have you seen that that
  • 00:12:14
    happen yet has that process started
  • 00:12:16
    because I I quite honestly I haven't
  • 00:12:18
    read about it yet I know it's a
  • 00:12:20
    possibility but it's like the
  • 00:12:21
    possibility of Last Resort right when
  • 00:12:23
    you don't find any more buyers of course
  • 00:12:26
    it is and this is the end game look if
  • 00:12:28
    you look at for example what happened
  • 00:12:30
    just about um June of this year first of
  • 00:12:33
    all let's let's discuss something
  • 00:12:35
    something called QE or quantitative
  • 00:12:38
    easing I'm sure you're familiar with
  • 00:12:40
    this but most people you know they they
  • 00:12:43
    hear these terms they it gets thrown out
  • 00:12:45
    there by the cnbc's by people have no
  • 00:12:49
    idea what it means first of all how does
  • 00:12:51
    a central bank keep rates low do they
  • 00:12:55
    have a magic wand do they have the power
  • 00:12:58
    to say something and it just happens by
  • 00:13:01
    decree because they're Divine entities
  • 00:13:04
    absolutely not so when the Central Bank
  • 00:13:06
    in this case I'm laughing the Federal
  • 00:13:08
    Reserve says hey you know what everybody
  • 00:13:10
    what we're going to do is we're going to
  • 00:13:11
    keep rates suppressed that means they
  • 00:13:13
    have to get in the into the market and
  • 00:13:16
    buy the debt to keep rates
  • 00:13:19
    suppressed I mean people have no
  • 00:13:21
    conception of this and what and the more
  • 00:13:23
    that occurs The More The Wider that door
  • 00:13:26
    opens for cash to make its way into risk
  • 00:13:28
    Assets Now I want people to pay
  • 00:13:30
    attention to a phenomenon that was
  • 00:13:32
    happening and it's kind of flipped
  • 00:13:33
    around a little bit but beginning in
  • 00:13:35
    June of this year we started to well
  • 00:13:37
    first of all we saw the yield curve here
  • 00:13:39
    in the United States un invert number
  • 00:13:42
    two before that even happened we started
  • 00:13:44
    to see the 10e yield nose dive just
  • 00:13:47
    lower lower lower lower lower lower and
  • 00:13:49
    of course what did that do well we can
  • 00:13:52
    just put it into this kind of a
  • 00:13:53
    perspective this year alone the S&P 500
  • 00:13:58
    here in the United States obviously has
  • 00:13:59
    hit 47 new record highs that's the
  • 00:14:03
    mechanism so back in June was when the
  • 00:14:06
    FED really got in here and started
  • 00:14:09
    Implement implementing
  • 00:14:11
    fullon quantitative easing we don't need
  • 00:14:13
    to be told what they're doing all we
  • 00:14:16
    need to do is pay attention who's in
  • 00:14:18
    here who's in here making sure that
  • 00:14:20
    rates are surpressed Who's involved in
  • 00:14:22
    what seems as clear as day to me as
  • 00:14:25
    yield curve control to kind of put
  • 00:14:29
    uh investors Minds at ease don't worry
  • 00:14:33
    keep putting your money to work here in
  • 00:14:35
    the stock market it seems to have worked
  • 00:14:37
    here like I'm saying 47 record highs
  • 00:14:39
    regardless of the economic news here
  • 00:14:42
    with business activity and Factory it's
  • 00:14:44
    just an incredible thing to
  • 00:14:46
    see and and that that's why I focus like
  • 00:14:50
    a laser beam on what's happening in the
  • 00:14:53
    debt Market because it's going to tell
  • 00:14:54
    us what we need to do I don't like to
  • 00:14:56
    guess okay I created
  • 00:15:00
    a neat little toy it's called the mmri I
  • 00:15:04
    don't know if you're familiar with this
  • 00:15:05
    it's the manarino market risk indicator
  • 00:15:07
    it is 100% free to anybody who wants to
  • 00:15:10
    use it it's on the second page of my
  • 00:15:12
    website basically what this does is it
  • 00:15:15
    quantifies what's happening with regard
  • 00:15:17
    to the currency or the Dixie the
  • 00:15:19
    relative strength of the dollar and the
  • 00:15:21
    10-year yield which is the Benchmark
  • 00:15:22
    comes up with little neat equation and
  • 00:15:25
    it tells us what's going on here in the
  • 00:15:27
    debt Market here and I urge people to
  • 00:15:29
    check this out it's color coded it's
  • 00:15:30
    numbered and it's also graphed I look at
  • 00:15:33
    this thing every day even though it's my
  • 00:15:34
    little create I created this for myself
  • 00:15:36
    and then I said hey you know what this
  • 00:15:37
    little tool is kind of neat I'm going to
  • 00:15:39
    share it with everyone of course for
  • 00:15:41
    free and let people utilize this as I
  • 00:15:44
    mean it's not the end all man but it is
  • 00:15:47
    a tool that we can all use to better
  • 00:15:50
    gauge what we should do because that's
  • 00:15:53
    what all people want to know is we have
  • 00:15:55
    this Twisted environment we have central
  • 00:15:57
    banks here rigging the whole system to
  • 00:15:59
    the highest order here so what do we do
  • 00:16:02
    about that do we sit back and suck our
  • 00:16:04
    Thumb off in some corner or do we take
  • 00:16:06
    action my view is we the people need to
  • 00:16:12
    take action to protect ourselves in this
  • 00:16:15
    environment and it doesn't seem like a
  • 00:16:17
    hard thing to do understanding the
  • 00:16:19
    Dynamics that are in play I know I'm
  • 00:16:20
    kind of talking a lot here but I just
  • 00:16:22
    want to set
  • 00:16:24
    stage no it makes makes a lot of sense
  • 00:16:26
    and I do have a couple follow-ups there
  • 00:16:28
    like like we we have to talk about the
  • 00:16:30
    bond yield like the 10e like why is it
  • 00:16:32
    reacting the way it is right now is like
  • 00:16:34
    is that the bond market fighting backs
  • 00:16:36
    um really see like I'm really happy you
  • 00:16:40
    brought that up actually this is the
  • 00:16:41
    first time I'm even talking about this
  • 00:16:43
    because I've been watching this like a
  • 00:16:44
    hawk here watching What's happen we've
  • 00:16:46
    seen a profound selloff I think this is
  • 00:16:48
    what you're talking about here with
  • 00:16:50
    regard to we've seen the 10 year year
  • 00:16:51
    rise dramatically so you know what they
  • 00:16:52
    always when when something like this
  • 00:16:57
    happens they they have to find uh
  • 00:17:00
    someone to blame so who's being blamed
  • 00:17:03
    here is the Bond vigilantes it's the
  • 00:17:06
    Bond vigilantes that it's always the
  • 00:17:08
    Bond vigilantes you know it's like this
  • 00:17:10
    mysterious entity it's it's it's Bond
  • 00:17:13
    investors who have really fed up with
  • 00:17:15
    the system and they're dumping all the
  • 00:17:17
    debt here first of all that's probably
  • 00:17:18
    true to a certain degree I mean who in
  • 00:17:20
    their in their right mind you know they
  • 00:17:23
    these Bond vigilantes are being
  • 00:17:24
    portrayed as uh how do I say this uh
  • 00:17:28
    taking action against the Federal
  • 00:17:30
    Reserve who's artificially suppressing
  • 00:17:32
    rates here so look man I and the reason
  • 00:17:36
    why I'm so happy that you brought that
  • 00:17:38
    up is because here is something a
  • 00:17:40
    phenomenon that we've been witnessing
  • 00:17:42
    for quite a long time with the 10 year
  • 00:17:43
    yield up up up up up and the market at
  • 00:17:46
    least moving up into the presidential
  • 00:17:49
    selection here um seems to be shrugging
  • 00:17:52
    pretty much everything off so Bond
  • 00:17:55
    vigilantes are not we're seeing an
  • 00:17:57
    interesting phenomenon Ur here in the
  • 00:18:00
    debt market and the fact that you
  • 00:18:01
    brought that up what does that tell me
  • 00:18:02
    that tells me that you're watching the
  • 00:18:03
    bond market too Bravo to
  • 00:18:06
    you I'm just looking he like um
  • 00:18:10
    Scooby-Doo we all know the cartoon back
  • 00:18:12
    like La last scene of the of the of the
  • 00:18:14
    cartoon people lift the mask right and
  • 00:18:17
    then like oh you pesky kids right um but
  • 00:18:20
    who who's the if if you were to lift the
  • 00:18:22
    mask like who who are the Bond
  • 00:18:23
    vigilantes who's the Phantom of the
  • 00:18:24
    Opera who's running around their Shadows
  • 00:18:26
    dumping bonds you know I'll tell you the
  • 00:18:28
    truth I don't pay much attention to the
  • 00:18:30
    DAR Bond vigilante story that I've heard
  • 00:18:32
    for a thousand freaking years every time
  • 00:18:35
    this happens it's always the bond
  • 00:18:36
    vigilante Falls either some mysterious
  • 00:18:38
    yet to be identified people entities
  • 00:18:42
    institutions whatever it might be man I
  • 00:18:44
    try to ignore this stuff I just focus on
  • 00:18:46
    the Dynamics that I in play I watch it
  • 00:18:48
    quite obviously and you know I must
  • 00:18:51
    admit this has gotten out a hand it it
  • 00:18:53
    the the selloff here in in the debt
  • 00:18:56
    Market here it Bond vigilant or not has
  • 00:19:00
    seriously uh gone a lot further than I
  • 00:19:03
    actually believed it would now the issue
  • 00:19:06
    Bond vigilantes or not comes down to is
  • 00:19:10
    it going to stop because I can say this
  • 00:19:13
    with a very high degree of certainty if
  • 00:19:16
    it does not stop if we see especially
  • 00:19:20
    after the presidential selection here we
  • 00:19:22
    see a selloff here in the debt Market
  • 00:19:25
    you know it's going to have the opposite
  • 00:19:27
    effect of QE of course obviously and
  • 00:19:29
    that's going to pressure stock markets
  • 00:19:31
    that are all all around the world
  • 00:19:33
    trading at multiples that we pretty much
  • 00:19:34
    have never seen before so look the the
  • 00:19:39
    thing is you you got to look at this on
  • 00:19:41
    a macro scale as we both do and I love
  • 00:19:43
    that and and then when we got it start
  • 00:19:45
    to say okay well what are we going to do
  • 00:19:47
    about it for me it's very simple I've
  • 00:19:49
    been riding this wav in this market
  • 00:19:51
    buying every single dip that has come
  • 00:19:52
    along in for quite a long time and it's
  • 00:19:55
    it's obviously paid off very well I know
  • 00:19:57
    this is not going to continue
  • 00:19:59
    in in perpetuity there must and there
  • 00:20:01
    will be a moment when the Music Stops
  • 00:20:04
    but that all goes back again to the
  • 00:20:06
    action in The Debt Market everyone's
  • 00:20:07
    focusing on the stock markets of the
  • 00:20:09
    world and I get it it's fun it's
  • 00:20:11
    exciting you're looking at your 401ks
  • 00:20:13
    your investment whatever it might be man
  • 00:20:15
    you know you're on the long end of the
  • 00:20:16
    market and you know and short sellers
  • 00:20:18
    have been getting slaughtered I don't
  • 00:20:21
    even know what these people even looking
  • 00:20:23
    at as of you know big these these uh
  • 00:20:25
    hedge funds for example that have been
  • 00:20:27
    short the market pretty much they're all
  • 00:20:29
    gone they they've went out of business a
  • 00:20:30
    lot I don't know what their so-called
  • 00:20:32
    analysts are even looking at whatever it
  • 00:20:35
    might be I understand again multiples
  • 00:20:38
    and whatever it might be multiples
  • 00:20:39
    expansion which is going to turn into
  • 00:20:41
    contraction obviously if we sell off
  • 00:20:44
    more so in the debt market and that's
  • 00:20:47
    you know what I want people to
  • 00:20:48
    understand is this show is going on
  • 00:20:50
    until it doesn't and then again like
  • 00:20:52
    that brings us right back here to the
  • 00:20:54
    Deb Market the big meltdown and I am
  • 00:20:57
    more than certain you are aware of this
  • 00:20:58
    isn't going to begin nor end in this
  • 00:21:01
    freak show stock market it's going to
  • 00:21:03
    begin and end in the debt market and
  • 00:21:05
    then we're going to see all GNA see is
  • 00:21:07
    this man cash move from one reality into
  • 00:21:11
    another reality it's so easy I tell
  • 00:21:14
    people to put it maybe in a Kind of a
  • 00:21:16
    Funny term you know cash doesn't grow
  • 00:21:18
    little money wings and fly away to money
  • 00:21:20
    Heaven it just moves from one reality
  • 00:21:24
    into another and in my opinion it's
  • 00:21:26
    going to go we're going to see a
  • 00:21:27
    commodity super cycle which is going to
  • 00:21:30
    be very expansive I also believe we're
  • 00:21:32
    going to see cash move into
  • 00:21:34
    cryptocurrencies which I think are
  • 00:21:36
    massively undervalue just looking at
  • 00:21:37
    their market cap and you know so so
  • 00:21:40
    that's kind of my take on this entire
  • 00:21:42
    thing I've never wavered from it I can't
  • 00:21:44
    I I study this stuff around the clock I
  • 00:21:46
    can't imagine another way it's going to
  • 00:21:47
    play out unless you can tell me because
  • 00:21:49
    look I'm always willing to learn
  • 00:21:51
    something new Bro maybe you can tell me
  • 00:21:52
    something I
  • 00:21:54
    don't I I highly doubt that I could
  • 00:21:56
    teach you anything there Greg but uh I
  • 00:21:58
    do have a question because I'm keep
  • 00:21:59
    looking for potential triggers and like
  • 00:22:01
    what could trigger like a market selloff
  • 00:22:03
    or crash whatever you want to call it
  • 00:22:05
    and we we do have a Fed meeting or a Fed
  • 00:22:07
    announcement coming up in about 48 hours
  • 00:22:09
    from the time we're recording here and
  • 00:22:11
    I'm looking at the bond 10-year bond
  • 00:22:12
    yeld 4.32 right now percent and I'm
  • 00:22:14
    looking at the at the FED funds rate at
  • 00:22:18
    4 yeah 475 basis points and it seems
  • 00:22:22
    like the market is expecting another cut
  • 00:22:24
    by 25 basis points the question is like
  • 00:22:26
    what happens when the two meet when the
  • 00:22:28
    bond market Market meets the meets the
  • 00:22:29
    FED interest rate like sort of I'm
  • 00:22:31
    curious like does it have any
  • 00:22:33
    significance well of course it has some
  • 00:22:35
    sign significance here
  • 00:22:39
    but for me for my main concern is here I
  • 00:22:43
    am all I I try to break things down to
  • 00:22:46
    the most very simple kind of easy to
  • 00:22:49
    follow Dynamic the most easy to follow
  • 00:22:53
    Dynamic for me is going back to my mmri
  • 00:22:58
    tool which is again free to everybody
  • 00:22:59
    who wants to utilize this
  • 00:23:01
    here I am looking at the pace at which
  • 00:23:05
    the debt Market sells off and it is
  • 00:23:09
    somewhat alarming here now looking at
  • 00:23:10
    the federal funds rate weighing that
  • 00:23:12
    against if weighing it against the the
  • 00:23:15
    10year yield or however you want to look
  • 00:23:17
    at this Dynamic here against what the
  • 00:23:19
    fed's going to do 50 basis points 25
  • 00:23:21
    basis points all I know is what the FED
  • 00:23:26
    already said what did the FED say to us
  • 00:23:28
    at obviously it was the the last when
  • 00:23:30
    they cut 50 basis points they already
  • 00:23:32
    laid out their case the FED said they
  • 00:23:34
    going to get into the market and keep
  • 00:23:37
    rates suppressed throughout this year
  • 00:23:39
    and moving into next year and that's all
  • 00:23:41
    the market cares about that's all the
  • 00:23:43
    market cares about at this point is more
  • 00:23:47
    easy money multiples expansion it's not
  • 00:23:50
    going to go I have no idea and believe
  • 00:23:52
    me I wish I did what event it will be
  • 00:23:55
    and I'm glad you brought that up too
  • 00:23:57
    because I think about it all the time
  • 00:24:00
    and I've heard so many uh uh uh
  • 00:24:04
    scenarios from at least the people that
  • 00:24:07
    follow my work here oh a lot of people
  • 00:24:09
    believe and let me just float this out
  • 00:24:11
    here
  • 00:24:12
    okay there's a lot of people out there
  • 00:24:14
    on YouTube or whatever where people get
  • 00:24:16
    their information from that point that a
  • 00:24:18
    specific event they point at a specific
  • 00:24:21
    time uh whatever it might be and I say
  • 00:24:24
    this and it should make sense to people
  • 00:24:26
    and I could be wrong on this but I'm
  • 00:24:28
    just going to say it when anyone can
  • 00:24:30
    point at a specific event that's
  • 00:24:32
    occurring or may occur it's not it it's
  • 00:24:36
    going to be an event that is an outlier
  • 00:24:39
    something a real true Black Swan so with
  • 00:24:42
    regard to the presidential selection
  • 00:24:44
    here I can't tell you how many people
  • 00:24:46
    have written to me oh Greg well this is
  • 00:24:49
    it we're going to end up with a
  • 00:24:50
    constitutional crisis whatever that
  • 00:24:51
    means we're going to end up with this
  • 00:24:53
    kind of thing and the Market's going
  • 00:24:54
    down and you know it's all been
  • 00:24:56
    predicted here and this is it uh and I'm
  • 00:25:00
    I'm here to say no because why because
  • 00:25:02
    people are talking about it I don't know
  • 00:25:04
    what the event is going to be what
  • 00:25:06
    they'll throw they're gonna obviously
  • 00:25:08
    need a mechanism to incite if you want
  • 00:25:13
    to put it that
  • 00:25:14
    way a a meltdown here in the debt Market
  • 00:25:17
    which is obviously keeping everything
  • 00:25:19
    inflated and then they're going to say
  • 00:25:21
    oh this is the reason what we're really
  • 00:25:23
    going to face
  • 00:25:24
    look I I what I want people to
  • 00:25:27
    understand is I and and my brain gets
  • 00:25:29
    kind of jumbled up from time to time but
  • 00:25:31
    what I want people to understand what
  • 00:25:32
    the real danger is the real danger is
  • 00:25:36
    not a a stock market CR which we will
  • 00:25:40
    get on on a scale that people aren't
  • 00:25:42
    going to believe just based on PE ratios
  • 00:25:43
    and the hyper debt situation that we're
  • 00:25:45
    in but what it really comes down to is
  • 00:25:49
    the same thing that was what started to
  • 00:25:53
    happen during the Meltdown of 08 we had
  • 00:25:56
    the the credit markets or the debt
  • 00:25:57
    Market who however you want to look at
  • 00:25:59
    it one in the scam was starting to lock
  • 00:26:02
    up so that's why banki was floated out
  • 00:26:05
    before loving caring representatives and
  • 00:26:07
    said okay everyone if we don't start
  • 00:26:08
    pumping billions into the system right
  • 00:26:10
    now by Monday we won't have an economy
  • 00:26:12
    that's exactly what he said he didn't
  • 00:26:14
    mention the stock market that would had
  • 00:26:16
    been cut in half okay markets rise
  • 00:26:18
    markets fall was very traumatic to
  • 00:26:20
    people no doubt about it uh but had they
  • 00:26:23
    been paying attention to PE ratios at
  • 00:26:25
    that time they would have said okay
  • 00:26:26
    something's wrong anyway and maybe they
  • 00:26:27
    would have took up protection against
  • 00:26:29
    their positions I have no idea but the
  • 00:26:32
    bottom line is we are going to be pushed
  • 00:26:35
    and deliberately forced into another
  • 00:26:38
    situation here where the credit markets
  • 00:26:40
    are going to lock up and that is the
  • 00:26:42
    bottom line here a bursting of that debt
  • 00:26:44
    bubble isn't just going to affect or
  • 00:26:48
    affect the stock markets or the world in
  • 00:26:50
    an extremely dramatic way what we are
  • 00:26:53
    going to see and I can't imagine another
  • 00:26:56
    way around it unless you can tell me one
  • 00:26:58
    that that the credit markets are going
  • 00:26:59
    to lock up again and what are they going
  • 00:27:00
    to do are they going to pump more cash
  • 00:27:02
    in what did they do last time they like
  • 00:27:04
    throwing uh you know more water on a
  • 00:27:07
    drowning man we had a system that was
  • 00:27:09
    already debt saturated which we've taken
  • 00:27:11
    on a new meaning of that right now I
  • 00:27:15
    call this maximum saturation I think the
  • 00:27:17
    system is is fully dead saturated and
  • 00:27:20
    what are they doing what are they doing
  • 00:27:22
    to try to keep it functioning they're
  • 00:27:24
    flooding it with more debt and of course
  • 00:27:27
    this is current negative this is causing
  • 00:27:30
    this this hyperbubble and distortions
  • 00:27:33
    across the spectrum of asset classes we
  • 00:27:34
    don't have a single price Discovery
  • 00:27:36
    mechanism anymore I mean we could go on
  • 00:27:38
    and on with this but it's just too easy
  • 00:27:40
    but going back to what you started with
  • 00:27:42
    I have no idea I don't know because I
  • 00:27:45
    would have to say and this is the truth
  • 00:27:46
    and I've admitted this many many times
  • 00:27:49
    this has gone on way further than I
  • 00:27:52
    belied it would oh 100 perc um B based
  • 00:27:56
    on what you've just said as well like I
  • 00:27:57
    think Warren Buffett selling a lot of
  • 00:27:59
    stock in the market is an interesting
  • 00:28:02
    signal like people call him the Oracle
  • 00:28:04
    of Omaha for a reason the question is
  • 00:28:06
    now what is he seeing uh because he
  • 00:28:07
    doesn't really share his crystal ball
  • 00:28:09
    right now but he's s sitting on over
  • 00:28:10
    $300 billion do worth of cash that that
  • 00:28:13
    number alone is mind-blowing by the way
  • 00:28:14
    um but and he stopped and I think that's
  • 00:28:16
    even more significant than uh selling
  • 00:28:19
    Apple stock for example is that he
  • 00:28:21
    stopped the share BuyBacks of Burkshire
  • 00:28:22
    heway maybe saying okay we're overvalued
  • 00:28:25
    let's wait we're not going to destroy
  • 00:28:27
    Capital here um what do you make of that
  • 00:28:29
    like it it seems to fit in perfectly
  • 00:28:31
    with what you've said like there's a
  • 00:28:33
    certain nervousness in the market and
  • 00:28:36
    you know it's time to maybe be carefully
  • 00:28:38
    evaluate some
  • 00:28:39
    positions dude another another see you
  • 00:28:42
    and I we we must be separated at Birth
  • 00:28:44
    man because I'm paying attention to the
  • 00:28:45
    same things you are you got this guy
  • 00:28:48
    who's been dumping shares in companies
  • 00:28:52
    uh I don't think he's bought anything in
  • 00:28:53
    the last year he's been dumping and
  • 00:28:55
    dumping and built up a massive I heard
  • 00:28:57
    it as high as $325 a billion dollar
  • 00:29:00
    position here maybe it's higher than
  • 00:29:01
    that I have no idea but there's a reason
  • 00:29:04
    why I mean look we've had 47 record
  • 00:29:06
    highs this year and this guy is is
  • 00:29:10
    pulling cash out so it does raise
  • 00:29:12
    eyebrows and I always tell people again
  • 00:29:15
    this is stuff you got to pay attention
  • 00:29:16
    to and doesn't mean we need to run for
  • 00:29:18
    the hills at all we just need to sit
  • 00:29:21
    here evaluate the situation Elevate our
  • 00:29:24
    awareness pay very close attention to
  • 00:29:27
    what's happening around as debt Market
  • 00:29:29
    specifically here and then take the
  • 00:29:31
    appropriate action stay hedged in this
  • 00:29:34
    market and you're hedging your Yourself
  • 00:29:36
    by being long Commodities gold silver my
  • 00:29:39
    favorite of asset all of all time uh
  • 00:29:41
    realizing that at one point this
  • 00:29:43
    multiples expansion cycle is going to
  • 00:29:45
    contract and I mean it's going to
  • 00:29:46
    contract so fast that people's heads are
  • 00:29:49
    going to spin around like like the movie
  • 00:29:51
    The Exorcist I don't know if you've ever
  • 00:29:52
    seen it but that's what they're it's
  • 00:29:53
    going to do and cash is just going to
  • 00:29:55
    move again into other assets you see you
  • 00:29:57
    got to St hedged and I you just this
  • 00:29:59
    morning I have a free newsletter I told
  • 00:30:02
    people as a matter of fact this is it
  • 00:30:04
    right here this is what I sent out to my
  • 00:30:06
    newsletter here and uh I mean just to
  • 00:30:08
    outline real quick I wrote no fear how
  • 00:30:10
    to play Beyond The Selection here I said
  • 00:30:13
    look past the selection starting now and
  • 00:30:15
    how to play it is number one understand
  • 00:30:17
    that there is no way out of vastly
  • 00:30:19
    expanding Global debt along with
  • 00:30:21
    artificially suppressed race and
  • 00:30:22
    therefore currency devaluation okay
  • 00:30:24
    number two the mechanism of expanding
  • 00:30:26
    debt artificially rates currency
  • 00:30:28
    devaluation will cause a much lower
  • 00:30:30
    stand of living for the middle class and
  • 00:30:31
    number three until the debt Market tells
  • 00:30:34
    us
  • 00:30:35
    differently focus on what the MMR like I
  • 00:30:38
    was say we do not change anything
  • 00:30:40
    regarding our strategy to stay long the
  • 00:30:43
    market okay bu Buffett's getting out
  • 00:30:46
    definitely an i ey raising experience
  • 00:30:47
    moreover and at the same time we
  • 00:30:49
    continue to bet against the system by
  • 00:30:52
    owning and holding physical gold silver
  • 00:30:54
    and and I wrote here at the end and I
  • 00:30:56
    also believe that any drop the crypto
  • 00:30:58
    space should be bought that's basically
  • 00:31:00
    what I will do I'm planning on do this
  • 00:31:04
    is this is exactly the same strategy
  • 00:31:07
    that I have implemented now for years
  • 00:31:09
    I'm not going to change it until the
  • 00:31:10
    debt Market tells me not no Oracle of
  • 00:31:13
    Omaha whatever is gonna change my
  • 00:31:16
    perspective on these things but he also
  • 00:31:19
    hates Bitcoin for what I understand
  • 00:31:20
    Buffett right oh so he says so I have no
  • 00:31:24
    idea what is if he has any of this stuff
  • 00:31:26
    here uh I I personally believe the
  • 00:31:28
    crypto space has
  • 00:31:30
    them just because of its market cap
  • 00:31:33
    being about the size of one Dow
  • 00:31:34
    component the room for growth is immense
  • 00:31:37
    and and and and again when we see the
  • 00:31:40
    the cash bleed out of the debt Market
  • 00:31:41
    pushing pressure on putting pressure on
  • 00:31:43
    stocks stock markets of the world the
  • 00:31:45
    cash is just going to go somewhere so
  • 00:31:48
    where's it gonna go it's not going to go
  • 00:31:49
    to money heaven we know that it's just
  • 00:31:51
    going to go from one reality into
  • 00:31:52
    another so we just got to be spread out
  • 00:31:55
    in my opinion here to gain an Ed on the
  • 00:31:58
    system and and just be ready for
  • 00:32:00
    anything I tell people all the time
  • 00:32:02
    always have The High Ground and that's
  • 00:32:05
    how you win it's just it's too easy now
  • 00:32:08
    we got we briefly have to talk about the
  • 00:32:09
    number one assets to protect your wealth
  • 00:32:11
    and to hedge yourself it's gold and
  • 00:32:12
    silver um Greg we have to talk about the
  • 00:32:15
    price performance gold has has shown us
  • 00:32:17
    tremendous performance 35% uh year-to
  • 00:32:20
    date roughly silver yes has performed
  • 00:32:22
    okay but in comparison to Gold it seem
  • 00:32:25
    seemingly lagging behind obviously it's
  • 00:32:27
    broken out it's coming back it's
  • 00:32:28
    retesting that breakout level what what
  • 00:32:30
    do you make of the price moves right now
  • 00:32:31
    where do you see the bigger
  • 00:32:33
    opportunity I don't think there's a
  • 00:32:35
    single asset today including Commodities
  • 00:32:37
    that has a real price Discovery
  • 00:32:38
    mechanism behind it at all I don't even
  • 00:32:40
    care what the price action is in the
  • 00:32:42
    short run my only what I do is I try to
  • 00:32:46
    evaluate where the eventual Market is
  • 00:32:49
    going to go and how that's going to
  • 00:32:51
    affect gold and silver so in my opinion
  • 00:32:53
    looking at everything that I look at
  • 00:32:56
    which is a lot of stuff a lot of data
  • 00:32:58
    I say okay Greg where's the bottom for
  • 00:33:01
    the Dow is it 10,000 where's it going to
  • 00:33:05
    go when the debt Market melts down
  • 00:33:07
    what's gonna what is that going to do to
  • 00:33:09
    the multiples that for example the S&P
  • 00:33:11
    500 I think they could be
  • 00:33:13
    cut in in in in into single digits from
  • 00:33:16
    their current almost 30 with regard to
  • 00:33:18
    the p ratio so I believe with regard to
  • 00:33:20
    the Dow we're going to get a one to1
  • 00:33:22
    ratio gold um so Dow 8,000 sounds realis
  • 00:33:28
    to me in a fullon debt Market meltdown
  • 00:33:30
    and that would mean a one to one Dow
  • 00:33:33
    gold ratio now with regard to
  • 00:33:37
    Silver I mean is it possible we could
  • 00:33:39
    see a 10 to one gold yes in an extreme
  • 00:33:42
    like Panic kind of a situation which we
  • 00:33:44
    probably will get but I say it's more
  • 00:33:46
    likely going to be 15 to1 so that's
  • 00:33:49
    really I don't think really at all about
  • 00:33:52
    the pr if I see gold or silver dump two
  • 00:33:55
    three 5% Silvers all over the place as
  • 00:33:57
    you know it's much more volatile than
  • 00:33:59
    gold um gold pretty stable for the most
  • 00:34:02
    part but when you see a big sell off
  • 00:34:03
    here like in in silver Is that real
  • 00:34:05
    silver Changing Hands is it like you
  • 00:34:07
    know truck loads the silver mood around
  • 00:34:09
    no it's the paper derivative Market
  • 00:34:12
    unfortunately so I don't care let them
  • 00:34:14
    play their games I'm gonna continue to
  • 00:34:16
    play mine along with my Lions out here I
  • 00:34:18
    want to give my Lions a shout out and uh
  • 00:34:22
    and I can't imagine a way that we could
  • 00:34:24
    lose if we're hedged across the board if
  • 00:34:27
    we
  • 00:34:28
    understand the movement of cash through
  • 00:34:30
    the markets it's too easy so and that
  • 00:34:34
    scares me when something becomes too
  • 00:34:36
    easy you got to start to say whoa hold
  • 00:34:39
    on a minute here you know that's when
  • 00:34:41
    maybe the switch will flip the other way
  • 00:34:44
    we got to be ready for it and then we're
  • 00:34:45
    all ready for it I think at least I hope
  • 00:34:47
    so the people that follow our work I
  • 00:34:48
    really think that more than likely these
  • 00:34:50
    people already know everything we just
  • 00:34:52
    said they're already way ahead of the
  • 00:34:54
    curve they understand that they should
  • 00:34:55
    bet against the system become their own
  • 00:34:57
    system Central Bank holding hard assets
  • 00:34:59
    gold silver my favorite asset of all
  • 00:35:01
    time that's really it man it's just
  • 00:35:03
    really com comes down to just a very few
  • 00:35:06
    Concepts and we win it's it's that
  • 00:35:10
    simple let let's see how it plays out
  • 00:35:12
    I'm really curious like big big macro
  • 00:35:14
    week for us here uh us elections as as
  • 00:35:17
    happening as we speak here fed fed
  • 00:35:18
    announcement later this week so lots the
  • 00:35:21
    lots to can screw up the markets and
  • 00:35:23
    lots of throws a curf ball of course um
  • 00:35:25
    GRE really appreciate your time it was a
  • 00:35:26
    tremendous conversation
  • 00:35:28
    so much appreciated where can our
  • 00:35:30
    viewers follow you oh you could find me
  • 00:35:33
    anywhere just Google me go to my website
  • 00:35:35
    YouTube I don't know just you I'm
  • 00:35:37
    probably one of the easiest people to
  • 00:35:38
    find on the planet awesome awesome we'll
  • 00:35:41
    send them your way Greg we we'll
  • 00:35:42
    definitely link down below to to all the
  • 00:35:44
    websites you have and the YouTube
  • 00:35:45
    channel of course as well tremendously
  • 00:35:47
    appreciate your time it's good to see
  • 00:35:49
    you again uh stay safe out there Greg
  • 00:35:51
    and everybody else thank you so much for
  • 00:35:53
    tuning in here to sore financially as I
  • 00:35:55
    said earlier the easiest and best and
  • 00:35:57
    free way to to support us is by hitting
  • 00:35:58
    that like And subscribe button helps us
  • 00:36:00
    out tremendously we hope you we created
  • 00:36:02
    some educational content for you if we
  • 00:36:04
    did hit that like button it helps us out
  • 00:36:06
    and leave a comment and uh if you have
  • 00:36:09
    any other questions for Greg or any of
  • 00:36:10
    our other guests put them down below as
  • 00:36:12
    well because I read all the comments I
  • 00:36:13
    shouldn't sometimes but I do and I do
  • 00:36:15
    want to hear from you so much
  • 00:36:17
    appreciated and we'll be back with lots
  • 00:36:18
    more here from s financially thank you
  • 00:36:23
    [Music]
Etiquetas
  • Central Banks
  • Debt Market
  • Economy
  • Investment Strategies
  • Gold
  • Silver
  • Market Instability
  • Interest Rates
  • Currency Devaluation
  • Bond Vigilantes