Hey, everybody, economic ninja here. I hope you're doing well. Don't mind my Mr. T starter kit. A pitt of the fool that doesn't own silver. Right now we're going to talk about two stories. I've got two stories to talk about. One of them is the warning from Walmart. That's going to be the first one. The Walmart CEO warning about deflation. And we're going to read it and I'm going to decode a couple of things because people think that right when they hear the word deflation, that's great prices are coming down. 

But you don't understand, deflation is actually a bad thing. The reason why things deflate in price is because nobody's buying them. The reason why nobody's buying them is because they don't have money to buy it. Okay? So there's a lot of misconceptions going on in the market right now, especially as the Fed says they're not lowering rates or they're going to keep rates higher for longer. And everyone's like, nah, they're going to lower it. 

People don't have any clue. And I want people to get this because once they do get it, they get prepared. And then when they're prepared, they can pounce on an opportunity and take advantage of that. We're also going to talk about silver price. The silver price is looking amazing compared to gold at an all time high. I know it's off of its highs right now, but don't worry. 

See, the thing is, gold hit a high. It hit its resistance point. This resistance point has been around for a long time, and it is going to come back a little bit in price. But what people really need to realize, the reason why it's hitting these highs, expecting speculators, are speculating that the Fed's going to lower rates. Lot going on here. So let's dive into the Walmart story first, and it is entitled it's out of CNBC. 

And just so you know, this story is a couple weeks old, but it's very important to go over and very relevant to today, okay? Especially as it plays into silver, gold prices and inflation and the rates. All right, it says here, out of CNBC, deflation could be coming this holiday season. Walmart CEO says, and there's no better indicator besides Home Depot at the real estate market looking at Walmart for the strength of the consumer. 

As a matter of fact, something we've seen amazing. And type one, if you agree with me, I can't stand Target because they're so woke. And yeah, I know that Walmart has two. But to watch how many people not only left Target because of their wokeness, but also because their prices were that much higher than Walmart's. And so even before all the crazy wokeness stuff come out, we already started seeing through Target numbers that people were leaving Target and moving into Walmart, okay? A great indicator of the strength of the consumer. 

All right, here it says, shoppers may get an early present this holiday season, falling prices in many gift giving categories. On Thursday, Walmart CEO Doug McMillan said deflation could be coming as general merchandise and key grocery items such as eggs, chicken and seafood get cheaper. It's weird, he says, that the retailer expects some of the stickier higher prices, such as ones for pantry staples, to start to deflate in coming weeks and months in the US. 

He says. We may be managing through a period of deflation in the months to come, he said on the company's Thursday earnings call. And while that would put more unit pressure on us, we welcome it because it is better for our customers. Now this is really weird, right? Why would he be saying all this stuff? We already know that Walmart's came out and warned about the consumer not being able to no longer spend money on things they don't need, like big screen TVs, right? And they've already came out in the past warning about that. 

Why about this? Check this out. For more than a year, consumers have coped with inflation and peaked around four decade highs and drove up the cost of nearly everything, including groceries, rent and utilities. But McMillan's comments echoed what the government and other retailers said earlier this week, offering signs of relief for inflation weary customers. It's interesting, he's echoing the government's rhetoric, which I believe is complete lies. It says here inflation was flat month over month, according to the latest Consumer Price Index report from the Labor Department on Tuesday. 

We all agree, probably type two if you agree the government numbers, inflation numbers, are complete false. They're lies. They're made up. They are tweaked in a way to get you to just buy bye bye. Well, we all know that our grocery bill keeps going up. Just go try to go to Costco and do the $100 challenge and see how that works out for you. They say a metric, the CPI that includes the categories of food and energy that tend to be volatile, hit a two year low. 

That is a complete lie. This is crazy, right? People believe this. Home Depot CFO Richard McPhail said the worst of the inflationary environment is behind us on an earnings call Tuesday. Just so you guys know, they all said the same thing back in 2007 even Thanksgiving will be lighter on Americans wallets compared with last year. Lower turkey prices mean that the average cost of a dinner for ten people will be 60 117, down 4. 

5% from last year's record 64 five. It's interesting and I want your opinion, okay? Because I think it's important, I think it's good for the community to be putting in their opinions on these live streams. And in the comment section, type three if your turkey dinner this year was lower than last year, now I will tell you personally, for me, type four if it was higher, okay? So for me it was not. 

And it's almost like they find that one gas station. They go, fuel prices are super low. And you're like, you mean that place way out in the middle of nowhere that nobody ever goes to, that we barely see? And they're like, oh, yeah, and it's only for the first five gallons. Collins yeah, that place they base these prices off of complete. Like no one's going to shop there, right? I did not see lower turkey prices. 

I did not see lower food prices. Okay? It's like we are being completely lied to by the media. So we've got the CEOs of these companies like Home Depot at the same time that they're saying that they're selling less, that the consumer has changed. Or Walmart, where they're saying, we can't sell big screen TVs. Nobody's buying them, but they're saying, don't worry, in the next couple months things are going to get cheaper. 

It's almost like they're building up to the presidential election. I've been warning about this and I think it is getting worse and worse and worse. Now, again, let me go to the Walmart portion. Stubborn inflation has been one of the biggest challenges for retailers, including Walmart, the world's largest retailer. It felt pressure from that against again in the fiscal third quarter. So just in the third quarter, they're having problems. 

They haven't even announced fourth quarter results. But he's coming out and going, don't worry, things are going to get cheaper. Well, let me explain something extremely and utterly clear to you right now, and type five if you agree, and that you may be willing to share this because people can't get this. Deflation means that prices are going down for one reason and one reason only. And you don't need a college degree from some fancy college to figure this out. 

It's because less people are buying whatever is deflating in price, whether that be food, energy, like gasoline, right? Gasoline goes down at a certain time of the year, just seasonally. That's just one reason. Because less people are on the road. It has to do with food, all kinds of different staples, a Louis Vuitton bag. We've already seen those deflate in price because less people are buying them and it's not because they don't want them. 

We're seeing car prices start to deflate because less people can afford them. We're seeing home prices deflate because nobody's showing up to the open houses. We're seeing all kinds of things go down because people have less money for them. Again, just like rates going down. People are like, rates are going to go down soon. No, they're not. Interest rates only go down. The Fed only lowers the interest rates when everything is crashing. 

And when everything is crashing, it's because nobody can afford anything. I don't know how to make it clear, but types if you agree, there's a lot of morons out there. There's a lot of dumb people. And so what we're doing is we're waking up the smart people that don't understand necessarily the nuts and bolts of economics, supply and demand dynamics, but trying to weed through all of the bull poop, all that steamy hot dung that's just sitting out there that people's like smells amazing. 

It's like, are you high? There must be a lot of people that are high in this place. All right, so now let's move on to the next thing. And I think it's very important. So the Walmart CEO's warning about deflation, he's like, it's a good thing you're going to be able to afford more food. No, it's because people are buying less. It's bad out there. All right, silver. 

I got my Mr. T starter kit. I pity the fool that people know owning silver right now. And I'm not saying dive right in, this is not financial advice, but silver looks like a real bargain. This is out of zero hedge. And I think it's really important to go over because as gold is hitting all time high, silver really hasn't moved. I mean, on a percentage basis since I started telling people about silver on this channel at $15, $25 silver, that's quite an increase over the last, what, two and a half, three years? I mean, try that on the averages in the stock market. 

I mean, what's $15 to $25? What percentage of return is that? Is that like a 65% return? Put it down below. Now divide that over since the channel started, what, three and a half years ago? Pretty cool, right? Depending on when you bought it, of course. But it's very interesting. It says here, gold win. Oh, and you know what really quick? My favorite silver pieces. People are going to ask me that is junk silver. 

I love pre 1964 quarters dimes. I love dimes the most. And half dollars. All right, I'm actually going to go pawn shopping for this with my family, and we're going to go and pick some up. And I called my friend, literally, I'm not joking. I don't say that lightly. I hate it when people say that on YouTube. Hey, look, he's my friend. No, I actually hang out with this person. 

I trust him. We've had great times and discussions together. I taught him everything he knows about bricks. Go make sure he knows that Andy Shekman, and he's going to get a good laugh out of that. He's got a deal on junk silver for $3 over Spot. So I said I'd put his email down below. Just email him. You could click the email and say, I want ninja's deal. 

And that's $3 over Spot for junk silver. And I love junk silver. I think it will go up on a greater percentage, honestly, as silver does explode in the future, not tomorrow, but because it's so darn rare. And I just think it's so cool. It represents when our money had some kind of reality, it was a silver coin, just like in the Constitution where it says, money shall be in no other form than gold and silver coin. 

So I love junk silver, okay? That's my favorite. So if you want that deal, go email them. Gold went on a run last week. It said sending all time record high last Friday at the $2,100 level for a brief time in overseas trading. Saturday night. Sorry. Sunday night. Silver also rallied but continued to lag behind gold. Gold's hitting an all time high and silver is half of its all time high. 

But I think that's very important. And it's one of those things that I thank God literally all the time. Every time I buy silver, I said, thank you so much, thank you. I will buy again. Thank you. Buy again. Sorry, couldn't help myself. It says the silver to gold ratio right now is currently over 81 to one. That means it takes more than 81oz of silver to buy 1oz of gold to put that current ratio into perspective. 

The modern era, I know a lot of people are about to transfer their gold into silver because they trade those averages all the time. But it says to put that current ratio into perspective, in the modern era, the silver to gold ratio has averaged hey, thank you so much, troy Ounces, like that name. Thank you so much for the super chat. It says in the modern era, the silver to gold ratio has averaged between 40 to one and 60 to one. 

So at being 81 to one, this is massively out of proportion. Historically, the ratio has always returned to that mean, and when it does, it does it with a vengeance. The ratio fell to 30 to one in 2011 and below 20 to one in 1979. So you can see for all the people that are about to exchange our gold for silver, that's what they're playing right now. When the spread gets this wide, the silver doesn't just outperform gold, it goes on a massive run. 

In a short time, since January of 2000, this has happened four times. And it's important for people to understand the historical preference or perspective of the gold to silver ratio. But here is the point. Fact of the matter is, the world's splitting into two and gold bugs are playing that number right now. And it's getting pretty heated in the gold markets because gold traders know that the BRICS are splitting off the BRICS alliance from the western economies. 

And the fact is, unlike gold, silver just keeps going bye bye. I mean, every time a board, a microchip is made, there is silver that is gone forever. It's not even worth it to recycle. Recycling silver is so expensive, it's insane. Every time you make a solar panel, a water filter, we all know that story. Type seven. If you own silver, I say seven because it's God's money and it is what paid for Jesus Christ's life. 

I think honestly, if people understood how much and I'm not going to get real religious on it at all because I can't stand religious. It's a bunch of rules made by man. But the truth is that Satan has been suppressing silver for a long, long time. And I believe there is a day where that ends. But that's why I say don't put all your money into it. And the reason why is because you never know. 

Look, I'm going to be honest with you. A long time ago, back in, like, 2010, I turned my retirement into silver. I went all in, and I don't regret it to this day. Now, could I have made more in other things? Yes, I could. But it built a bedrock foundation for me. And I'm seriously not suggesting you do that, but I believe that it to be so true and so amazing. 

I think it's going to change lives. Everything from I can't even say what I believe you're going to see. Look, there are people that are taking it and they're pulling it out to the size of a human hair, the thickness of a human hair, pushing frequency through it and building inventions that heal people. I know it sounds crazy, but if you can't explain to me how the Internet works, moving from this phone all around in the waves, then trust me, you have no idea what's coming in the future for silver. 

And again, this could not have ever been built or work without silver. Try and say that about gold. It's just not true. There are certain things in our life that we use every single day that cannot be made with or work without silver. Colloidal silver, yes, is an example, an excellent example. And that's why really expensive water filters, the water filter company that I talk about every once in a while that I use, it's made with silver, right, because it's antimicrobial qualities. 

When my mother was on the last leg of her life with cancer, they gave her silver. Well, you got to wonder why. See, the thing is that we don't all know how this world works. And that's why I brought up the Walmart story in the beginning and the warning of deflation. A lot of people think, oh, good, it's okay. See, the government did their job. President Joe Borgan or Jeff Borgan or whatever the heck, I just can't he did his job. 

No, he didn't. He's a babbling idiot type nine, if you agree with that. But the point being is that and I'm not going to pull any punches, the fact is that there are people that are, like, thinking that the powers of B, the governments, the CEOs, the big companies, don't worry, everything's going to go down in price. It's not going down in price because they want to make it cheaper for you. 

It's because less people are buying their crap, including certain food items. Matter of fact, it's been well known. Look at everybody's typing nine. Love it, love it. Keep crushing it. Guys, thank you so much also for the chatter on the live stream because it helps the channel. Honestly, just your comments. I'm so excited about this 2024 year. I like silver. I like junk silver. If you guys want to go check it out, hit up Andy and just say in the comment section, I want the Ninjas deal. 

He's selling it for $3 over a spot for junk silver. I love junk silver. Oh, and here's the other thing. A little tidbit on the silver market. You know, the silver market's getting tight when all of a sudden the junk silver sells out. It's the first thing to sell out. Why? Because it's the rarest. That's why I love it. I just love buying junk silver, and I want to get it as cheap as possible. 

So I'm going to go down to a pawn shop and pick a little bit up. And not a lot. I'm going to buy, like, a couple of bucks worth, right? Because every time I get to go down to a store or I get to go buy a little bit more silver, a little bit, I should tell you the story about this bad boy. You guys want to hear the story about this? It's just an interesting story. 

But anyway, I just feel free. I'm not having to put it towards a bill because I'm getting out of debt. I'm out of debt, right? But that's something that people need to really understand. Look, this guy, I can't show his number. I can't show his number. This is Bud's number. He doesn't even know. Watch this. I'll do this. He loves this kind of stuff. Hey, bud. I can't talk to you. 

I'm live right now. Oh, he hung up. Bud just bought a property with oh, you are here. Hey, I can't talk to you because I'm live right now, but I'm just going to say this, and I could get your thing. You just bought a property with gold, didn't you? Yes, I did. That's right. And you've got a YouTube channel that you teach people about side Hustles, right? Correct. 

Okay, what's the name of that YouTube channel? Side. Hustle survivalist. Awesome. Guys. Everybody check out side. Hustle survivalist. I just love being able to throw out shout outs, but I got to go, though. Okay, I'll talk to you later. I hung up on bud. The point being is side hustle survivalist. Go check him out. The reason why it's so cool to be able to shout out people and help people, this is the greatest time to be alive. 

Bud just bought a property with gold and went in as a 50 50 partner with another guy that has a YouTube channel. And both those guys started their YouTube channels because they're part of Ninja Nation. How freaking cool is that? I'm not going to lie. I think it's one of the coolest things ever, and I'm so proud to be a part of this movement, and I'm so grateful to all of you. 

And both Bud and Jesse stepped out and started YouTube channels and they bought a property, and they're going to have a financial forum this next year out in Oklahoma. They bought a state park. And it would never happen if and this isn't to toot my own horn, but we all make changes in our life and do something and stretch ourselves and step out, and great things happen right when we're in fear. 

I'm going to be honest with you. I'm dealing with fear right now in my life. It's been creeping in and I'm trying to smack it away. I don't even know why I tell you this, but no, I know why I tell you this, because I'm no different from you. And when I tell you something I'm going through, it's going to give you strength in another aspect of your life. 

Look, I hope you got something out of this. Go check out Bud's channel. I love being able to do that to buddies. And again, if you guys want some junk silver, andy, the email's down below. Just tell him I want the Ninja deal in the thing of the topic of the email, and it's $3 over Spot for junk silver. And he delivers it right to your door. I trust he's a friend of mine. 

All right, with that being said, I thank you so much watching Economic Ninja is out. Oh, wait a minute. This story do you want to hear this? Nobody I didn't tell anybody. All right. I bought this. This is an old it's called a junk watch. I don't even know the brand of it, but it's what is this? 14 karat gold troy ounces. Thank you so much. Slow is smooth and smooth is fast. 

I bought this a while ago because all my buddies were buying really expensive designer watches that were made out of crap stainless steel. And it's really hard to find these watches at jewelry stores or pawn shops because they get melted down. And it was 14 karat gold. And so I went around and I asked these jewelry stores to keep one of these, right? It's just a watch. It keeps great time. 

And I said, I'm willing to pay you just the weight in gold. And so they called me up and they said, Here you go. And they just weighed it. They took out the timepiece in the back and they just weighed it and they sold it to me for the exact spot price of gold based on the 14 carat. And it's considered junk. They usually just buy these at pawn stores and they go send it to melt it down into a bar. 

They're worthless, which, ironically, they're not worthless because they're made out of gold. But the thing is that thank you so much, Neil. Hey, everyone. Neil has his own YouTube channel, too. Neil, put it down below. He's been such a great help to this channel. But this really cool thing about this is everybody's buying these Tag Howard watches and stuff. They're made out of stainless steel, and it's because they're spending, like, thousands and thousands of dollars. 

I think I paid how much did I pay for this? $1,900. But that was, like, just the gold weight. And so they're paying for just the name. So I have a no name. And I don't know, it's just something I always thought was super cool because it has real value. Because since I bought it, gold was like, $1,500 an ounce. Now gold is $2,000 an ounce. So when I go to sell it for just the weight, I'm making money. 

Call me cheap. Thrifty. Whatever. I don't care how rich I am. And yes, I've made my millions when I was younger, and I still am. I'm still out there doing side hustles and businesses, but I'm not that fancy. So hopefully you got something out of that. If you guys want the Silver deal, andy's Info is down below. Just Tell them you want the Ninja Deal for $3 over spot for junk Silver. 

With that being said, the Economic Ninja is really out. Bye. .