➡ This conversation discusses the value of silver and its role as a stable commodity in the economy. The speakers warn about the potential manipulation of the silver market through hype and misinformation, particularly from AI-generated content. They advise listeners to be cautious of news that may influence them to make risky investments, and instead, to continue steadily investing in physical silver. They also discuss the impact of AI on content creation, suggesting that much of the internet is becoming automated, with bots generating and consuming content.
➡ The speaker discusses the impact of artificial intelligence (AI) on content creation, particularly videos. They express concern about AI’s inability to discern truth and its potential to spread misinformation. They also highlight the issues with companies replacing their workforce with AI, as it can often get things wrong. The speaker concludes by advising viewers to be cautious of AI-generated content, especially in the realm of finance and investment.
➡ The discussion revolves around the fluctuating value of silver and gold. The speaker suggests that banks manipulate the value of silver by artificially increasing its supply through the futures market, which lowers the price. However, people are starting to demand physical silver, causing its price to rise. The speaker also speculates that the current financial system may not be able to sustain another major economic crisis, and that the value of silver could potentially skyrocket as a result.
➡ The speaker discusses the potential financial crisis due to the artificial depression of silver prices. They suggest that the price of silver is being manipulated through the creation of ‘paper silver’, which can be printed and sold, creating an illusion of supply. This could lead to a financial calamity if the price of silver rises and those who own paper silver default on their obligations. The speaker also expresses concern about the potential for a central bank digital currency to be introduced in the event of a financial crisis, which could lead to a totalitarian state.
➡ The text discusses the potential for trade and barter systems in a hyperinflationary scenario, using silver as a stable form of currency. It also touches on the economic situations in Iran and Venezuela, suggesting that governments lose control in hyperinflationary situations. The text further explores the importance of cheap energy for economic stability, using Venezuela’s oil reserves as an example. Lastly, it discusses the gold to silver ratio, with differing opinions on its future value.
➡ The speaker discusses the value of silver and gold, explaining that they serve different purposes. Gold is used for long-term wealth storage, while silver is used for everyday transactions. The speaker believes that the value of silver could briefly surpass that of gold, but also emphasizes that the quantity of a metal isn’t the only factor that determines its price. The speaker also suggests that the value of silver and gold should be measured against other goods, not just each other.
➡ People are worried about the future of AI, but there’s no need to be. The market will sort it out. The key principle is not to steal. Some celebrities might have to sell their fancy apartments due to changes in the economy.

Why would anyone use this? Right? I mean, even, you know, even if, even if the others, the other side would say they would use it because they have no choice because everyone is forced to. That’s what they’re like. I could give you a silver coin the whole time. What he doesn’t understand, obviously, is that the reason that silver is the blast cap is, is because it’s still the money where people will either use silver and get, and get the most liquid commodity back into the economy again because they see that its value is stable relative to all other values, other, other commodities and other goods and services, or they’ll starve.

You know, so it’s a simple, it’s a simple solution. Just use the silver. The silver people said, you know, silver represents your, your labor or gold represents labor. Right? All the, the work that went into silver to mine it up represents your labor. Like gold and silver don’t represent. Okay, they’re just metals. They don’t represent anything. They’re just money. Hey, guys, Raf here from the Endgame Investor with my friend and once a month co host Phil Lowe of the Bitter Draft for this month’s edition of the Bitter Endgame Draft. And today we’re going to start the conversation talking about silver hyperbole and a lot of weird stories that you can get a lot from AI sources about silver shortages or other stories of the type Comex crashing or shorts getting caught, stuff like that.

Things that you can’t really verify. And how can you really tell the difference between silver shorts, sorry, silver stories that are real and stuff that is just trying to get you to buy a whole bunch of derivatives and then somebody with a lot of more capital than you will short the market and then, and then cover and you’ll be caught with the bag. So that’s going to happen especially as silver gets a lot more attention. And we’re going to introduce a clip where silver is getting into the mainstream, into important mines that can spill it over to the public so that they can understand what’s going on.

But the, the mainstream is still missing the point that the reason that this is important is because silver is money. They don’t get that last step. So, Phil, how are you doing today and how would you avoid and differentiate between silver crap news and true news? I’m doing well, Rafi. I’ve. I have severe eye irritation, which is why I’m wearing my owl glasses. So I have joined you in the owl glasses community. I think give you more credibility. It makes you look. Yes, does make you. Yeah, it does. Make me look more professorial or something to differentiate.

I, I honestly, I have watched, I mean, over the course of five years, especially when I first started, I mean, I was listening to just about anybody that wanted to talk about finance or silver or anything. And just over time, I personally apply Austrian school analysis. And then I can determine who is, who is correct and who is not, you know, who’s, who’s going off into weird tangents and who is staying the course. I don’t, I don’t know if I have good advice for a norm. Like, if somebody’s just getting to this now, like, how do you tell the difference in you and Asian Guy? Asian Guy? I had a guy call me late last week, it was Thursday or Friday.

And he was telling me, like, I know this guy, he’s an older man, maybe in his 60s. And we connected once because we were talking about silver. And he understands that central banks are a fraud and this and that, but he doesn’t quite get, he’s, he’s susceptible to the kind of alarmist news around silver. And he, he called me about Asian Guy and I’m like, oh, this thing again. Like, this is, the fact that it’s getting to him means that this is an organized campaign by someone or something to get this news out. And I just saw another, I fell for another hoax and it was a very, very well constructed hoax.

And Alistair McLeod fell for it too, and not just because of the content of it, but because of who they faked presented it. And that’s Yanis Varoufakis, if you remember the Greek debt crisis. Varoufakis is, he’s familiar with the Austrian school. He’s not an Austrian economist. He’s wrong about a lot of things. He’s very Keynesian, but he, he has a conscience. And he got kicked out as the Greek finance minister because he was too a political, too non political or too anti political. And he didn’t want to take all the crap that was coming from the European Commission telling him what to do.

So the fact that it was reportedly coming from him means that this was created by a guy who knew that Verifakis had a lot of credit with our crowd. And this is getting really dangerous. So, but, but if you just, you don’t even have to differentiate the news, you just have to avoid it because all you really have to do is keep stacking. And it doesn’t even matter if you bought the, if you bought silver at $73 and you bought a roll of dimes or a roll of quarters, at $73 an ounce, then it goes down to 50.

I mean, who cares? And then, and then a few weeks later, it goes back up to 75. It’s going to get volatile. We’re. What you have to avoid is letting the news manipulate you into buying ETFs that you wouldn’t otherwise buy, or especially the leveraged ones or options plays that you can’t afford to do something that you can easily push a button and buy and then push a button and sell. Stay away from that and don’t let the news influence what you’re going to do on that front. So you think so Asian Guy. So the people behind Asian Guy, you think they, they want silver to, like, Spike up to $84, you know, beyond its.

Beyond its. They want. Apparently they want people to flush into silver Drive, spike the price up to something like $85 an ounce. That just happened. And then, you know, obviously that went a little bit ahead of the parabolic, the natural parabolic rise of, of physical silver. And so they could, I guess, short. They shorted at 85. Is that what you think happened? I’m not saying anything specific happened, but I’m saying if I wanted to control the silver price, yeah, I’d get, I, I’d create a lot of hype to get the novices invested in a bunch of derivatives at the peaks, at whatever peak it is.

Just when, when, when sentiment gets really, really misplaced. There’s no reason that the wider public should wake up to silver until we can obviously see prices of consumer goods going up in dollars day after day after day, significantly. And then they’ll start, then they’ll start panicking and then we’ll see a real parabola up to infinity. But we’re not there yet, so be careful here. Yeah, yeah, yeah. So it’s just. See, I’m, I think. I mean, I’m. This is just me. I think they’re just. I saw, you know, there’s AI videos of absolutely everything now, in fact, you know.

Have you heard of dead Internet theory? No. It’s just. The Internet is just becoming bots, all talking to each other. Like Twitter’s all bots, and it’s just bots talking to bots, maybe following bots. So the same thing might be happening in YouTube, where just AI videos are just popping up just to get clicks, right? And then the AI, you know, the AI watches the AI videos, generates the clicks, generates the views. And so it’s just. Is part of this inflationary system, is just AI will literally produce anything just to get clicks open the pod bay doors.

Halloween. I’m sorry, Dave. I’m afraid I can’t do that. I know that you and Frank were planning to disconnect me and I’m afraid that’s something I cannot allow to happen. So the people behind this are just, they’re just click, clickbait surfing. They’re not, they’re not necessarily trying to manipulate the silver market. But I could be wrong. Maybe they are. This is just my theory that’s interesting because that goes along with our general approach to things. But there’s no single party or group of people that’s behind any of this. It’s just a self perpetuating, self accelerating cycle of inflation that is now infected the information portals that we use itself, Right? Yeah, well, people like one of the things that’s amazing is how cheap these videos are to make and how fast they can do it, right? So for me to make a video, I make 15 minute videos.

It takes half a day’s work to get that go, you know, from the time I hit record and make it and I got to edit it, then I gotta post it, I gotta make the thumbnail, all that stuff, you know, all that stuff takes about half day. The AI guys can do it. You know, they can make videos every hour, you know, maybe, maybe faster than that. As, you know, as soon as the, as soon as the information comes up on, you know, on the Twitter sphere or whatever, AI, Asian guy has made a video on it.

And so I think it’s just, you know, whoever behind it is just like, you know, wait, make another video. Let’s get some views. Because views, views equal dollars. You know, views turn into dollars over time. And so there’s views, there’s, you know, the same. There’s AI guys doing makeup tutorials or. Are you kidding? I need more lipstick. Much more. Tell him I need a commitment first. That’ll stick a potato in his tailpipe or you know, cooking video, whatever, you know, whatever they’re going to talk about. Now for a dash of salt. Oh dear God. There was nothing wrong with that food.

The salt level was 10 less than a lethal dose. Right? Okay, so that also fits in with the end game itself because by the time we get there, all of our brains should be so scrambled that we don’t even know what’s going on anymore. And then we just pull, we just pull the plug. But credit is feeding all this stuff. Credit is feeding the AI. Credit is feeding the infrastructure that allows AI to keep producing, churning out this garbage. And, and unfortunately Some of it is not really garbage. I mean, it looks really nice and, and it sounds very authentic.

And it’s. The weirdest thing is that I was talking to my wife about being fooled by AI and saying, I haven’t been fooled by it yet. And then, right then a few minutes later, somebody sends me the Varoufakas video and I got really excited, like, wow. It’s like. And there’s still this. This check that you have to bark on YouTube. Like, this video contains altered content, blah, blah, blah. That’s just code for AI. And the minute that you no longer have to check that or that AI gets smarter, that it doesn’t check that anymore, you know, it’s going to get really Cartesian crisis territory here.

And we’re almost there. Like, this has to stop. We’re going to all go insane. AI, you know, AI is. It’s impossible for AI to discern the truth, because it doesn’t. It does. It’s not a conscious entity. It can’t. It can’t even begin to determine truth. But what AI does is it tries to guess at what you want to hear and then give you what you want. So the AI videos that, you know, it. It guesstimates using its probability functions that people want to hear that, you know, there’s a crisis in the Comex or that, you know, JP Morgan secretly defaulted on all their shorts or what, you know, it wants to hear.

You know, we want to hear this stuff because we were expl Affecting the panic. And so it provides it to us. They got Asian Guy going, oh, here’s the secret information from my sources that, you know, JP Morgan secretly just defaulted on all their shorts. Right. And their panic. A panic’s going to ensue tomorrow, you know, and materialized. And the AI videos, they, you know, this is the problem with, you know, the AI comp. The companies that started adopting AI and said, oh, we can fire our workforce because look how good this AI is. And I’m sure the managers, they tried out AI and it produces quality stuff for, you know, 95% of the stuff is correct.

And then. But 5% is catastrophically wrong. So now you have to hire. Now you have to hire people to go through what the AI created and hunt down the 5% that’s catastrophically wrong because you can’t just use the AI and that’s less efficient than just having the original workforce. Right, Right. Okay, so in other words, you’re saying there is a possibility. This is just a fad. It’s a new thing that people are Trying out. They’re trying it out too excitedly because they’re worried about their competitor using it first and then, you know, getting price out of the competition.

So everyone’s using this now, thinking that it’s amazing, but they’ll realize it screws everything up, and hopefully we won’t have AI building our airplanes or everything’s going to crash. Yeah, I mean, look, I can assist. I have no problem with AI assisting. But, yeah, it’s. It. It’ll get things catastrophically wrong, you know, a certain percent of the time. So it’s just not It. You can’t. You can’t just let the robot drive everything. You need the cyborg. Okay, so the conclusion is just at this point, I think we’re close enough. Just ignore the. If you’re into silver and you’re into gold, make sure that whatever you’re watching doesn’t have that AI check mark on it.

Yeah, If. And if you. I’m saying don’t watch it, but if you’re going to watch it, just know that this is what it thinks that you want to hear. Right. Phil and I are not AI. We’re. We’re very naturally intelligent people. You can tell by our glasses. Yeah. Yeah. I would also say there’s also people that do this, too. I mean, there’s people that go on and say, oh, we just heard special. You know, I have a special inside connection at JP Morgan and just told me that JP Morgan defaulted on all their shorts, you know, and they’re making up, too.

So people. There are people in this space who make up stuff all the time. You know, I’m not gonna name names to get your channel in trouble, but, you know, we know who they are. Actually, the last time you named a name, it really helped the channel because you got Johnny Bravo on, and it was a good sport. He did not have to go, you know, he’s a huge channel. So you could have been like, who are these talking about me? I don’t even. Time of day. Yeah, no, he said no. I talked to him. He’s.

He’s a really nice guy. He’s very generous, very genuine. When he’s, you know, not in character, he’s got to be in character because he’s. He has. He has a business to do, you know, But I. I liked him, and it really helped the channel. Actually, I got a few hundred subscribers of it. There you go. You want to talk about parabolic silver and why this is not a top? It might be. It might be a temporary top for a few weeks. Right. Or something like that. But no, it’s. Silver is going higher. And unlike gold, which we would say is.

Gold doesn’t really go higher. The dollar just goes down. Silver’s purchasing power does actually go higher pretty fast because it’s been so suppressed. Not necessarily by manipulation, what you would imagine is manipulation that the. The alarmists talk about, but just in terms of the demonetization. Yeah, it’s. It’s been dormant since 1873, and it still has to wake up. And. And it will, and it’s. It’s doing that. So the. The video. The. Not the video. The people. I. When I went on Twitter after silver started spiking, like, you know, I mean, I went to bed, it was like 60 bucks.

And then I woke up, it was like 65. And then throughout the day, went up to 70, then 72, and it just. It just kept going. And so on Twitter, everyone was like, oh, this is. This is what silver does. It’s the top. This is the end. You know, just, you know, congratulations. You know, all the bitcoin bros are like, congratulations on all your winnings, silver people. But, you know, time to rotate back into bitcoin, because bitcoin’s the real money, you know, and if you look at a graph of silver, and I covered this on my last episode, if you look at a chart of silver over the past, since 1971, what you see is that silver, you know, silver just sits around three, four dollars for a couple decades, and then it spikes up to $50, and then it goes back down to $10, and it molders there for another couple decades, and then it spikes up to $50, and then it goes back down to $20 and sits there another decade.

And now it’s going. Now it’s spiking again. And so the question is, if you were just to look at that chart, I guess, or the analysis would be if you were just to look at that chart, you would say, for some unknown reason, every couple decades, people run into silver like a herd of bison being chased by a pride of lions. And then just as mysteriously, they vanish the next day. Right. They all stomp right back out. So I can see why somebody who would look at a silver chart and say, oh, this. Well, this is just what silver does.

You know, people panic into it, and then people panic right back out of it. If you understand what’s happening logically behind the scenes that, you know, the reason silver is doing that, I mean, silver, historically, silver was the most liquid commodity on earth, even more than gold. You Know, but when you don’t have banking, silver is the primary money. And so it should be the most stable. I mean, it literally is the price. So it shouldn’t move very much at all. It should be the most stable thing. It should not be doing spikes up and spikes back down.

It should just be almost totally flat over enormous periods of time. I would just, I would just add there and then keep going to like, keep it in your head. I would add that, that silver is the most liquid commodity when used by itself, but gold is more liquid when you, when it is used through an honest derivative medium, it’s better. That’s why it’s even more liquid. Yeah, yeah. Got to be, got to be careful how you phrase it. Yeah. Because in some ways you measure things, silver’s the most liquid commodity. And if you’re going to measure it that way, like put the gold in a vault and then issue credit on it, Gold is a more liquid commodity than silver cash.

That is correct. Where was I? I lost it. You told me to keep my head. Crap. The analysis of silver, it goes up. Okay, Right, right, right, right. If you understand that, why, why silver is doing what it’s doing. And the future, you know, the banks are messing around with silver by, by manipulating the futures market by issuing. When you issue a bunch of futures, what you’re doing is artificially increasing the supply, falsely increasing the supply of silver. Theoretical silver. Right. So the market says, oh wow, there’s a lot more silver than we thought floating around.

So it, when, if you look at a supply and demand, right, when the supply goes over, when the supply increases, the price goes down. And that’s how they keep that, that’s how they were able to keep the price down. However, you know, the, the, the notes, there’s like 400, 500 notes for silver for every actual ounce on these market exchanges. People are not believing them anymore. They’re demanding physical. And that is causing the price to spike up parabolically. So the question is, can the bullion banks, can, can the system, can this monetary system pull another rabbit out of the hat? And can they issue enough futures to calm down the silver markets again? So what you’re saying, what you’re saying, then from the true, the true moves in silver, I mean, not true.

I mean, there’s no objective true move in the false move. I’m saying the, the, the, the silver moving up to 50, like suddenly spiking, is, is the illusion starting to break down. Whereas, yes, silver, silver going back down for decades. So wherever that plateau is or wherever that Valley is for 20, 30 years or however long it is. That’s the illusion reasserting itself. And you’re saying this time the illusion is going to fully break down? Is that what you’re saying? That is correct. I mean, I think it is. I’ve bet my life savings that it is.

That is correct. And you know what? Even, even if it goes back to sleep, I don’t think I’m in the. I mean, I’ll just wait until it actually happens. I don’t. I think we’re in the right position regardless now we’re going to look, you know, if Silver goes back down to 20 and stays 20 for another decade, you and I are gonna, you know, we’re gonna look really stupid. Everyone’s gonna be like, see, you guys are morons. You don’t know what you’re talking about. The endgame investor is gonna have to go on for other 10 years of you in the darkness.

I don’t know. I. Okay, but I think this, I really think this is it. I can’t imagine another 10 years. I mean, if you think Clown world, if you think 2019 was bad, I mean, Clown World will be exponentially more exponential. Well, that’s what exponential is. It’s exponentially exponential. Yeah, it’ll be ten times worse. So. Well, actually, be exponentially squared. It’ll be squared. It’ll be 20, 19 squared. Oh, God. Yeah. So why is. Why isn’t this a top? So let me, Let me just give a shot to that. That means the, A simple, A simple explanation.

Not the years wasn’t simple, but like more. You’re. You’re in the ether here. I’m going to go down where this is not, this is not my, not my forte, but we’re going to, we’re going to do a role reversal here. The, the reason why this is not a top, even though it might be a temporary top for a few weeks, is that qe. QE has started. But we’re not even. We’re like only in first gear of money printing. We’re not anywhere past that. Like they’re just buying a bunch of bills to increase reserves. These reserves aren’t really going outside of the.

The banking system yet. So there’s There, yes, Huey started. They’re printing money, but they’re not dumping it in the streets yet. They’re going to. Once the next bank run hits wherever it’s going to be. Last time it was regional banks. This time, I don’t know, it’s gonna be JP More. I’M not saying it’s gonna be JG Morgan. It’s gonna be somebody, and it’s going to spread. And once that happens, there’s going to be a huge deflationary panic. Silver could go down like, I don’t know, 20, 30 in a day, and, and then the Fed’s going to act and then everything is going to reverse.

And that should be the end game from there, you know, that, that should be just beeline to the, to the end. Yeah, I mean, the Fed, the Fed’s gonna have to print something like $5 trillion on day one. It’s gonna be just unbelievable. You know, it’s, it’s just, you remember, if you remember in 2008, you know, the Fed was like, we need to print a billion dollars, several hundred billion dollars, and they end up printing like a trillion dollars in a day. It’s going to be time. It’s going to be, you know, exponentially larger than that because we’re on an exponential growth curve.

So it’s just going to, it’s going to. And people are already bitching about prices. So imagine, you know, it’s going to, it’s, it’s not going to take, you know, 120 IQ person to say, wait a second, if prices are high now and they’re printing $5 trillion and they’re not stopping, you know, in another week they’re going to have to put another 5 trillion. That’s going to make prices go up even higher. You know, it’s not going to take much, you know. Yeah, I think, I really think we’re here, guys. Yeah, but I think so. But we don’t, you know, everyone’s like, oh, they’ll just find another excuse to kick the can down the road.

You know, they’ll find something. I, I don’t, I don’t see how. I don’t see how. Yeah, but, you know, maybe, maybe, maybe the forces that are behind that can get another. If I will say this, if they do manage it, it won’t be, it’s not going to be another day. It might be a couple more years. I don’t think it’s gonna be another decade. So recall, this is the last thing I’ll say on this topic. Then we’ll go to a video that I want to share with you of this whole silver news starting to flow out into the mainstream.

But they’ve still got a big piece of it wrong. And hopefully we can explain the rest to them and get this thing going. But 2008, right, right. When Ron Paul was really getting popular. He spearheaded or was a big part of an audit. The Fed and they were able to do a partial audit and they discovered that the 2008 bailout wasn’t really 700 billion. That was just the tip of the iceberg. It was really like $16 trillion. And you can Google this. I mean, that’s, this is a documented hard fact with $16 trillion, including all the bailouts, all the other central banks that they extended currency swaps to and all this stuff.

So if 2008 was 16 trillion, 2020 had to be, you know, in the tens of trillions at least. And this one is this one, if we count, if we count all the backdoor bailouts that they’re not even going to admit to doing through some kind of accounting trick, they’ll hide it should be in the hundreds of trillions. And that’s not an exaggeration. I don’t know what the forms of all those trillions will be in, but, but in some form it’ll be that. And that should do. The system can’t handle that. I mean, it can’t without consumer goods going up.

No way. No way. Where are we going to? I mean, how many Bitcoin derivative, you know, leverage Bitcoin derivatives can they find? Where the people be like, oh yeah, let me go put my wealth there instead of into cans of tuna fish, you know? Yeah. All right, so let’s go to this video. When I heard this, my mouth dropped because I listened to Brett’s Weinstein almost every podcast that he makes because he’s, he’s the kind of guy who, who has, he has a working brain and he tries to reason through all the logic of everything, but he’s missing basic facts that he doesn’t know that he’s missing.

So he, he got through Covid. He, he started to understand vaccines. He, he, now he’s a full anti vaxxer, even though nobody’s really an anti vaxxer. It’s like, we’re not against vaccines or the concept of it. It’s just like there’s. They’re not safety tested. So once he figured that out, he changed his position on that. He will change his position on what money is if I’m able to talk to this guy. So if you have any ins with Brett Weinstein and if you’re listening, you email me. My email is Endgame Investor Gmail. It’s a public email.

And let me know if you have any connection with this guy and then we can get this, the logic of this back down into the mainstream and then get going with this show. So here’s the. What? Well, before that, before you do the clip real quick, what? Have you heard anything about Eric Weinstein and Brett Weinstein being charlatans? Have you heard the debates on charlatans, Charlotte? I, I, I don’t follow them very closely. So I don’t know. But just in the sphere. I’ve seen post on Twitter or whatever. Eric, Eric sold his soul at the beginning of COVID Not as bad as, as.

Who’s that guy? Oh, Sam Harris. Sam Harris, Yeah, Sam Harris. Not as bad as him. He, he went full Eric. He, he talked about his brother a few days ago and he said that Covid did jam, damage their relationship. But Eric isn’t completely off the reservation. He’s just, he’s just damaged. Yeah, I don’t know, I don’t know much about the Weinstein brothers, so I’m curious, but now go ahead. And you know, everyone, you know, whenever you see someone who you don’t like on the Internet, the first thing you can say is, this guy’s a, this guy’s a grifter.

This guy’s a charlatan. So take that for what it’s worth. I’m not, I’m not accusing them, I don’t, I don’t know. I know very little about them. So go ahead. We are seeing a number of things that all speak to a financial calamity looming short term. And I would point specifically to, and I am no expert in this, I wish I understood it better, but the price of silver skyrocketing. Why is the price of silver skyrocketing? Well, the story, as I understand it, is that the price of silver has been artificially depressed. How do you artificially depress the price of a commodity that people can actually buy? Well, because we have two versions of the commodity.

There’s actual silver and there’s paper silver. And paper silver can be printed. So to the extent that the price of silver wants to rise because silver is scarce, those who are in a position to create silver by printing it and selling it so that you own some silver in your portfolio, but it’s not a real metal, those people are in a position to drive the price down by creating the impression that there is supply where there isn’t. And it’s not tagged. It’s, there’s no silver standard with the, with paper silver. It’s not inherently tagged to real silver.

I believe it is over leveraged in an extreme fashion, which only ends up mattering. So let’s say that you were looking at silver and oh, it’s artificially depressed and I’d like to get in on profiting from it. Well, can you profit by buying paper silver? Short term you can profit because if the price goes up, it doesn’t matter which silver you have, as long as you can sell it for whatever the price is. On the other hand, the danger, and this is what people, sophisticated people are talking about, is that there are going to be a tremendous number of defaults on the paper that does not have real silver as a backing.

And that if you own real silver, therefore instead of, you know, the price can skyrocket and you can get nothing because your paper is not valuable because the person who owes you the silver is bankrupt. But if you’ve got real silver is where you started, that can’t happen. If you have got real silver, that can’t happen to you, right? So what is, I think, taking place is there is a battle between those who have spotted this looming catastrophe and are buying actual silver because they expect it to go up. They expect the stranglehold of those who can print it and artificially depress the price to be broken.

And so ever more effort is being put into holding back that rising price by printing more, which is of course a positive feedback that is going to detonate. And what I have understood from these discussions is Michael Yan calls silver the blasting cap in the economy. And the point is, silver is not a big player in terms of how the world runs, but it is in a position to set loose the bursting of bubbles, the repricing of things that are mispriced because of artificiality like this in the markets. When Michael Yan talks about silver as the blasting cap, this is how it could unfold, right? Silver breaks free from its artificially depressed price.

This causes a repricing of a bunch of things because those who have sold people silver that they don’t have have to either get that silver or default. So you have a bunch of properties that, you know, big banks and things which may not be able to support the paper that they have outstanding, which then creates for all of the banks that we depend on, you know, will there be a bank run? What happens if there’s a bank run? And the punchline to this awful narrative is, I am concerned. I’m concerned that the really powerful people who understand where we are and know where the bodies are buried are aware of all of the rotten timbers, that the structure, that the financial structure is depending on knows where they are.

So it knows that at Some point they’re going to give way. If that involves normal people being unable to access their money because their banks, because there’s a bank run and banks shut down, that people, we may find ourselves ushered into a central bank digital currency as people are suddenly unable to live their lives because they don’t have access to their money. And the FDIC that insures their money could deliver them their cash in central bank digital currency form. The reason that that matters is because that’s programmable money. He’s worried that, that a central bank digital currency, they have the turnkey totalitarian state ready to go, but they haven’t turned the key yet and they can’t get everyone.

If, if they just said, okay, we’re doing a CBDC now, everyone would fight it. But if there is a financial calamities triggered by the silver price going parabolic, then the banks would collapse and then they would say, look, your money is, is gone, but we can give you the CBDC instead. It’s either that or you don’t have any money. And then was like, yeah, please give me the cbdc. And then he’s like, well, if we went through Covid under a cbdc, it would be game over and they would win. And that’s what he’s afraid of. So that, what he doesn’t, what he doesn’t understand, obviously is that the reason that silver is the blast cap is because it’s still the money today.

And if it goes parabolic, that means that the CBDC that would be based on the current dollar for would not have any value. So nobody would take it because nobody could take it because it would be valueless. And so his game over scenario is impossible. It’s talking about an already collapsed Tower of Babel that he doesn’t realize is already gone. But it’s honest, it’s awesome that he’s like, he’s got a lot of the pieces there. You can tell. Like, that was pretty good. I mean, that’s an analysis that I would provide to ignore me, you know, starting.

Yeah, I would love to get on it. I could, I could convince him in about 20 minutes if I had couple props with me. Oh, man. If we could, if we could get on that show, that would be the pinnacle of our human careers. I, I would fly. I would fly to his studio if I could do it. Yeah, I would too. And I’m in Israel. Jeez. Well, we’ll see. We’ll see. Maybe people get us out. So, you know, fan base. I just want to see the look on in his eyes when he suddenly realizes what we’re saying.

And then he has to go on Xanax, too. Oh, he’s like, oh, my God. The whole time. Oh, my God. The whole time, though. The whole time. You would. The whole time. 50 years, huh? It’s going to be grim, but yes. So here’s the okay for the. For the cbd. I think we talked about this before, I’m sure, but yeah, the CBDC fear people. You know, what is money? Money is the most liquid commodity in a market. It’s the thing that is best used for trade. If you have a thing you’re trying to trade with and, you know, you pull out your CBDC wallety thing or whatever and you try to buy something goes beep, beep, beep, beep, beep.

You spoke out against the government, so, you know, no beef for you. You get cricket rations today. And then, you know, why would. Why would anyone use this, right? I mean, even, you know, even if. Even the others, the other side would say they would use it because they have no choice, because everyone is forced to. That’s what they’re saying. I can give. I could give you a silver coin the whole time. I’ll give you a silver coin. You give me beef. Here. Here’s a silver. Give me beef. It’s that easy. It’s that easy, people, right? It’s like, well, there’s no choice.

They’re not. Yes, there is a choice. We can trade. You know, it’s. It’s. It’s very easy. Guys, don’t. Calm down. Everyone calm down. They’re not gonna. And no, the butcher’s not even gonna want the. Right. Let’s say the butcher. You know, let’s say the butcher drinks a little bit, right? And he tries to go buy beer from the brewer and that his CBDC goes, bb, this is your fifth beer you purchased this week. So, you know, you’re cut off, right? He’s not gonna. He’s not gonna give you his meat to get the CBDC to go get the beer, because the beer, this thing, it doesn’t work.

So this is a perfect. A perfect segue into Iran and Venezuela, right? Because the. The other side would say the CBDC fear mongers. And I don’t want to call them fear mongers. I don’t think they’re mongering anything. I think. I think they’re genuinely concerned, right? And so just to allay their fears, they’re saying that in a hyperinflationary scenario, the government would still have complete control to force you to use the hyperinflationary credit note, whatever form it might be. But then you think back in history and you think, what government ever had control of a hyperinflationary society? They specifically do not have control over them.

That’s, that’s, that’s literally when they lose control. Right. Look at Iran. What trigger triggered all of the chaos that’s happening in Iran right now? The collapse of the real, or whatever they call it, you know, it like suddenly dropped against the dollar like a million percent or something. So like nobody had any money. So if you don’t have any money, what else are you gonna do but throw fire bombs at the government? You know, that’s what you’re gonna do. If you have nothing else to live for, if you’re starving, what else can you do? So yeah, it’s gonna be that situation where people will either use silver and get, and get the most liquid commod economy again because they see that its value is stable relative to all other values, other, other commodities and other goods and services, or they’ll starve.

You know, so it’s a simple, it’s a simple solution. Just use the silver. Exactly. People, people will put up with a certain amount of poverty. They, I mean, they just will put up. And it’s, it’s a lot more than I. You’d think, right? People will put up with the government stealing lots from them. But there’s just a point where people say, I can’t use this. And they don’t. And then things, then things start toppling. Yeah. And then if the government says, well, if you don’t use it, you’ll die. Well, if I try to use it, I’ll die too.

What’s the difference? Yeah. Yep. So I have an interesting theory on Venezuela and this, you actually inspired this theory on me because you did an interview a long time ago, I think it was on Liberty and Finance, where they were talking about kicking how they could kick can down the road. And you said in Venezuela, specifically. Venezuela. No, no, this was, this is not Venezuela. This is just like how the system can keep going. Yeah. You said if they discovered cold fusion, like if some, if we discovered cold fusion, the productivity just went just through the roof, we could, the system could survive a good bit longer because the actual productivity of humanity was outpacing the inflationary, the exponential inflation.

Right. So that made me realize what, what, what keeps this going is cheap energy. Keeping the energy cheap is what has been able to keep, you know, the system going much longer than it has in the past. And so the system is demanding cheap energy. Now we don’t have cold fusion, so the next best thing would be the large oil reserves in the world, which Venezuela has. Right. So the system is saying, you know, we need to pump that oil out and get it in to, to bring down energy prices. And as long as energy prices can stay down, even in an inflating system, you know, the other prices can stay down as well because energy is behind, you know, just about everything we do.

And this isn’t a conscious, you know, people, when I talk about the system, it’s not a conscious entity. It’s just every. It’s like an invisible hand. It’s a corrupted invisible hand. So what does this look like? You know, Trump is sitting around with his advisors and there’s, you know, he’s realizing, you know, the tariffs aren’t really working to bring, you know, bring industrial jobs back to America. You know, the, the prices are getting out of control. People aren’t really buying this good morning in America pitch that he, you know, he promised, what did he promise when he ran? He promised prosperity and a rebuilding of the American dream.

And, you know, we’re going to have a new golden age. To me, he only promised no more mutilating children. And he achieved that so far. So I, I had very low expectations. That was my expectation. He achieved that. And for that he deserves praise. And, and let’s move on with the end game now. Yeah, that’s my view. But anyway, keep going. Yeah, I mean, yeah, but he, you know, he doesn’t understand money, obviously. His visors don’t understand money, obviously. So what did he promise? He promised American prosperity. So they’re sitting around and I’m sure, you know, he’s like, how can I get things moving here? And I’m sure Scott Besant said we need, we need cheap energy because cheap energy is going to motivate, you know, are going to, you know, motivate the, it’s going to stimulate the economy.

Well, where we get the cheap energy from? Well, we’ll get it from Venezuela. Right. I’m sure that’s what happened. You know, some, you know, maybe a little more convoluted than that, but I’m sure that’s where the discussion went to. So I don’t think, I do not think they’re going to be able to get that much energy up and running because I think we’re weeks to, a few months away from the end game. So I don’t think they’re going to be able to get giant refineries pumping 247 within that span of time and get enough energy into America and stimulate, you know, get everything going.

But that doesn’t mean the system’s not going to try. Right? This is the last desperate gasp of a dying system trying to keep going one last time. So that’s where, that’s where I think this came from. Was the. Was the system is demanding cheap energy to try to increase productivity one last time so that the inflationary system can continue. But once again, I don’t think it’s going to happen. Right. You know what I found out today? What’d you find out? Maduro is a Jew. Is he really? Yeah, he’s not, he’s not a Jew anymore, but both sides of his grandparents converted to Catholicism.

That makes. That means he’s a Jew. Oh, he’s converso, huh? Yeah. So another one of those damn Jews ruining the planet, destroying everything. No, no, I like, I say that like half jokingly, like there’s, there’s nothing more dangerous than a destroyed Jew because they’re talented and they get far and they destroyed. Haiti has one billionaire and it’s a Jewish guy. He lives in like a fortress compound, you know, far away from Port au Prince. But he just, I don’t know how exactly it works, but he like sucks the wealth of that nation right into his, right into his coffers and.

Jews. Mr. And Mrs. Livingston, we have kidnapped your son. Pay $100,000 or he dies. Signed the Jews. Are you kidding? Are you kidding me? Who in their right mind is gonna believe this note? It’s the Jews, Martin. They’re gonna want more than a hundred thousand dollars. Well, luckily we got guys like you to take them to task. Anyway, the last thing we wanted to talk about, if you want to, if you want to touch on it, if you have time, is the gold to silver ratio. What point did you want to make on this? Oh, sure.

So the, the, you know, if you talk to, if you see, if you look online, there’s all sides saying anything from like silver’s not going to remonetize. Don’t, don’t, you know this is pie in the sky nonsense. The best we’re going to get is 45, maybe 50 to 1 or maybe 40 to 1, something like that, you know, but already close to 50, aren’t we? We’re like. Yeah, I think so. Yeah. We’re like in this, maybe high 50s. But you know, this is like the Rick Rule types or you know, they’re, they’re bullish. But they’re not, you know, they’re not.

They’re like, don’t, don’t overdo it. And on the other side, we got guys like Market Sniper saying it’s going one to one and he’s going to start. He’s going to. He says one to one. Yes, he says briefly one to one he’s going to start divest. He said this on a show the other day. He’s going to start divesting his silver at 10 to 1. That’s when he’s going to start to start to disgorge. And he said he’s going to peek out at one to one. He thinks, he thinks it could briefly go higher. So silver could be more valuable than gold for a brief spell.

That’s. That’s how. That. What, how. What the hell is he talking about? I don’t know. I’m just, I’m just saying what he would. I’m just spreading the. Spreading the. Okay, fine. No, I’m not criticizing him. This is so ridiculous to me. I’d love to hear his rationale for it. I mean, you know, it’s never happened in history. I think, I think the, the lowest ratio we ever got to was 7 to 1. And people have this like, weird idea in their heads that just because the, the amount of monetary gold that’s available is. Is a lot higher than the amount of monetary silver that’s currently.

But I don’t even know if that’s true. But even let’s say it is, it’s. The quantity isn’t the only thing that drives the price, man. It’s. It’s not because you’re talking. Talk to Keith Wiener about this. I mean, he, he’s like the, the number one cheerleader for, for rational. So he doesn’t even hold that 15 to 1 is possible. I do. So I’d like to understand why he holds the 15 to 1 is impossible given that it’s happened three times in the last century. But, but, you know, it’s, it’s not just the, the amount that matters.

Yeah. The, the. The silver and gold have different purposes. Entirely different purposes. Gold. And they’re not, you know, the, the thought that, like, oh, so silver’s coming out of the ground, it’s 6 to 1 or 7 to 1 to gold. Therefore its intrinsic value, you know, whatever that means, is going to be 6 to 1, 7 to 1. That’s not. They, they do different things. Yeah, it’s so. It’s such simplistic things. Yeah, it’s. Gold is deep Storage wealth. Gold is like when you, you know, when you want to turn your wealth into, you know, something that you’re going to pass down to your grandkids or just if you need to save it for an emergency or you want to save for retirement, you, you put it into gold because you know it’s just going to sit there and be gold and it’s going to maintain its value over long periods of time.

So you can store, you can store your labor in gold, right? In monetary terms, silver is transactional money. It’s designed, you are supposed to put in your pocket, go down to the corner store and buy, you know, a soda and you know, whatever, gas, whatever with. You use silver to directly transact with it. This is in the bimetallic standard, I’m not saying this is happening right now, but in the bimetallic standard. Silver is the transactional money. So its velocity and I hate to use that, that’s a Keynesian term, I hate to use it, but the velocity of silver is way higher than gold because people use it to physically transact all the time.

So they’re doing different things with it. People don’t, people don’t store their value in silver. They use silver to transact. Now that doesn’t mean that silver doesn’t have any value. Storage value can store your wealth in silver, but because they use it to transact, not to store their wealth, the, the volatile, there’s a lot more volatility because sometimes people are, you know, sometimes velocity is higher than at other times. So it, because it, I, I don’t know how much silver, I guess the, I guess the dumbed down conclusion would be because there’s less silver than there was due to industrial purposes, there’s less coins floating around.

And so therefore, and even if we turned all the bars and stuff into coins and melted down our tea sets and our forks and knives, so much has been used in industrial purposes that we won’t have enough coins to use at the 20 to 1 ratio. We’re going to have to have a closer ratio than 20 to 1. I don’t know, I don’t know. What I would say is we could still have the 20:1 ratio, but prices might be a lot lower in silver and gold terms because there’s less coins floating around. That could be one issue.

More important to me than the gold silver ratio is the gold and silver token stuff ratio, right? When the gold to silver to stuff ratio spikes unbelievably, that’s the time to disgorge it. So I’m not going to sit there. It’s much more important to me to turn my silver into a house than it is to turn it into gold. Right. That’s what I think. So what I would do instead of sitting there, because computers might not even be working. I don’t even know if things are going to be up online and you’d be able to calculate the gold silver ratio.

What I’m going to do is ask people, the people that you know, I’ve already got a mental list in my head of who, who’s who I’m going to try and save with silver. I’m going to go to them and say, hey, look, I can buy your house for 100 ounces of silver. And if, when they stop laughing and you know, when they’re like, how about 250? Then I know I’m in the right ballpark. Because right now, if you’re like, hey, I’ll get. Buy your house for 100 ounces, they’re like the hell out of here, you know? Yeah.

A, you know, that’s like $7,000. And B, it’s in silver bullion, which I, which they don’t want. Right, right. But when we’re talking, when we’re negotiating price, now we know we’re in the right ballpark and we can start, we can start discouraging our silver. Okay. There’s one last point I wanted to make just because I’ve, I’ve heard it on a lot of the comments on my channel and a lot of stuff on axis, whatever, but I’m going to make a video. I think my next video is going to be like the top 10 or top 15 errors people make about gold and silver.

Like, just seeing it wrong, somebody suggested I do it. I think it’s a good idea. So they say, like, I don’t know, maybe it was a bitcoin versus silver argument or something. And, and the, the silver people said, you know, silver represents your, your labor or gold represents labor. Right. All the work that went into silver to mine it up represents your label. Like gold and silver don’t represent shit. We ain’t found shit. Okay. They’re just metals. They don’t represent anything. They’re just money. Right. It’s just liquid. It’s just liquid, that’s all. Money doesn’t have to.

Derivatives of money. Credit has to represent money, but money doesn’t represent anything. It’s just money. Okay. Keep it simple. Yeah, it, you know, there, we’ve talked about this before. You know, when you can Buy that brief period during the crash when you can buy like Ben Stiller’s Upper west side apartment because he didn’t stack right, and then you buy it for like 100 ounces of silver. The reason is, is because, you know, there’s not, there’s not enough currency floating around. But once the currency starts floating around again, things are going to calm down. And I don’t know how much, I don’t know how much silver is needed to, to, to actually get things, you know, the juices flowing again.

But it will show up. People will melt down their solar panels if they need to. You know, the silver, the silver price will spike. The silver price relative to other goods will spike to the point where enough silver shows up for trade. So that reminds me, that reminds me of a short story, quick story of my, my teacher, my economics rebbe, Robert Wenzel said this is a few months before he died at the beginning of COVID He died in May 2021. So in 2020, in 2020, during the toilet paper apocalypse, and everyone was looking for toilet paper and everyone was like, oh, the stackers have their day, or the, the preppers have their day.

And because they’re all sitting at home with their toilet paper that they’ve been collecting. And he wrote a post about, like, if you think with an Austrian head about and with an economic head about where the supplies of toilet paper would be and they’re there, if you just think about where they are, then you can go to them and then you can offer money for toilet paper if you need toilet paper. So for, for example, like, he went into, he needs to find toilet paper. And so he went into hotels and he goes up to the concierge and says, hey, you have a stock room of toilet paper.

I bet, you know, I’m willing to pay XYZ for a few rol. And then, you know, the guy’s like, he doesn’t really want to and he’s not allowed to. But, like, if you pay him enough, like, you’ll get it. It’s there. Okay, so there’s enough silver. It’s just, it’s hidden away in whatever industrial application for, I don’t know, video game cards or something or AI chips that nobody’s going to need. So they’re just going to hack away at the AI machines to get silver to buy food for the week. That’s what’s going to happen. That’s going to be the destruction of AI, everybody melting it down for all the silver content.

And that’s how we’re going to conquer Skynet and everything will be fine. Yeah, exactly. It will. It will. I’m not worried. The market will figure it out, and everyone’s just overthinking it. And I understand why. I mean, it’s, you know, it’s a big thing to. It’s, you know, it’s a big, big thing that’s going to happen, so I see why people are thinking about it. But don’t. Don’t worry so much, guys. Just. Just discourage. Discourage your stacks, and that’ll be the end of it. Yep. So the. The. The Torah’s version of economics, it comes down to don’t steal.

That’s it. That’s it. That’s it. Nothing else. It all comes down to that. All right. All right. Any final thoughts? That was my final thought. Don’t steal. Okay. Are you gonna buy Ben Stiller’s apartment in the Upper west side? I have no desire. Is it for sale? It will be. Because he didn’t stack Ben. So why Ben still? Like, why’d that come in your head? I was thinking, like, the B plus list celebrities that all live in the Upper west side and how, like, mom, you know, they all, like, cheered for mom. Donnie. Oh, he lives in the Upper west side of Manhattan.

I think so. I. I’m not. I’m not exactly sure, but all these guys do. Like Mark Ruffalo and Peter Dinkler. That guy. Yeah. They all have apartments in, like, the Upper west side, and they’re all horrible, these people. Like, there’s nothing wrong with these people. Like, seriously, I can’t wait for a lifetime of. A lifetime of posh wealth and comfort. Really rots your brain. It really does. It really does. It really, really does. But I can’t wait for them to, like, open their curtains and, like, like, eating the squirrels in Central park and, like, burning dumpsters and they’re like, I have to sell this apartment immediately.

All right? So I’ll end it with a squirrel brain eating meme if I can find one. And have a good week. All right. You too, Rafi. Take care. This will really tell people, Sam.
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