[00:00.000 --> 00:08.720]  The Seattle Police Officers Guild declared that the police officer who punched an alleged
[00:08.720 --> 00:12.040]  jaywalker in the face did nothing wrong.
[00:12.040 --> 00:17.520]  The department spokesman said to CNN earlier that Seattle police are reviewing the incident
[00:17.520 --> 00:21.000]  which was caught on a witness's cell phone camera.
[00:21.000 --> 00:26.480]  Police officials originally said that Officer Ian Walsh had been sent to a training unit
[00:26.480 --> 00:32.800]  to review police tactics, but later said that the officer was not reassigned.
[00:32.800 --> 00:39.360]  On Wednesday, five US soldiers have been charged over civilian deaths in Kandahar, Afghanistan.
[00:39.360 --> 00:43.800]  Three of the five soldiers belonging to the Stryker Brigade were charged with premeditated
[00:43.800 --> 00:44.800]  murder.
[00:44.800 --> 00:51.000]  A series of private emails published today in The Independent reveals the extent lobbying
[00:51.000 --> 00:56.320]  carried out by United States food manufacturers effectively blocked European-wide food labeling
[00:56.320 --> 00:58.320]  system from becoming law.
[00:58.320 --> 01:03.240]  Statements and position papers to members of the European Parliament by Danone, Coca-Cola,
[01:03.240 --> 01:07.840]  Nestle's and other manufacturers claimed that color-coded traffic lights on food packaging,
[01:07.840 --> 01:13.200]  a system endorsed by doctors, were incapable of informing shoppers about the right diet.
[01:13.200 --> 01:22.920]  A nationwide alert has been issued for 17 members of the Afghan military who have gone
[01:22.920 --> 01:25.840]  AWOL from a Texas Air Force base.
[01:25.840 --> 01:30.440]  The foreign military officers were training to become pilots in Lackland, Texas.
[01:30.440 --> 01:35.920]  The Afghan officers and enlisted men have security badges that give them access to secure
[01:35.920 --> 01:37.880]  US defense installations.
[01:37.880 --> 01:43.600]  This was shown on the Lookout Bulletin, Afghan military deserters in continental US, issued
[01:43.600 --> 01:50.880]  by Naval Criminal Investigative Service in Dallas.
[01:50.880 --> 01:55.680]  The US Supreme Court unanimously ruled on Thursday that the police department did not
[01:55.680 --> 02:01.040]  violate the constitutional privacy rights of an employee when it audited the text messages
[02:01.040 --> 02:04.040]  the city of Ontario, California had sent him.
[02:04.040 --> 02:09.320]  In a 9-0 ruling, the justices said a police chief did not violate the Fourth Amendment
[02:09.320 --> 02:14.640]  constitutional rights of an officer by reading the transcripts of sexually explicit text
[02:14.640 --> 02:17.960]  messages sent from the officer's pager.
[02:17.960 --> 02:22.440]  This is the first ruling of the United States Supreme Court on the rights of employees who
[02:22.440 --> 02:24.520]  send messages on the job.
[02:24.520 --> 02:29.280]  The decision puts the US government employees on notice that electronic communications on
[02:29.280 --> 02:34.160]  devices provided to them by their employer may not be subject to the Fourth Amendment's
[02:34.160 --> 02:40.160]  protection against unreasonable searches as long as their employers have, quote, a legitimate
[02:40.160 --> 03:09.520]  work-related purpose in inspecting the communication.
[03:10.160 --> 03:40.120]  Well, I received my remedy today, it came in a box, just like they say, I accept it
[03:40.120 --> 03:50.080]  for value right away, it's not sooner, it's not later, we are originators, and the pathway
[03:50.080 --> 03:58.080]  seems to get straighter every day, and I can take anything that belongs to me, it's good
[03:58.080 --> 04:09.080]  or too good to use, but I was good for the gander, going to work for the goose, I know
[04:09.080 --> 04:21.080]  some architects, I know some engineers, they see me every day, they know certain things
[04:21.080 --> 04:30.080]  we do, what's up with the blatant deception, what is the nature of what you might gain,
[04:30.080 --> 04:38.080]  I see something headed straight for you, I think it looks just like a train, it smells
[04:38.080 --> 04:49.080]  like a sham asunder, a sham asunder, we are back here with our good friend Steve, the
[04:49.080 --> 04:53.600]  financial analyst, and we're about to get into the metals market, and before we do,
[04:53.600 --> 04:59.080]  we wanted to finish up concerning the Euro, and one of my questions regarding the Euro
[04:59.080 --> 05:06.640]  is basically why is the Euro in so much trouble so soon considering it's such a young currency
[05:06.640 --> 05:13.020]  in the overall scheme of things, and seeing that the Euro is in trouble, how is this going
[05:13.020 --> 05:20.760]  to affect the dollar and the metals market, and are we about to see a Euro collapse, and
[05:20.760 --> 05:21.760]  what would that mean?
[05:21.760 --> 05:28.520]  Well, let me, let's see, there's about five parts there, so number one, is the Euro in
[05:28.520 --> 05:29.520]  trouble?
[05:29.520 --> 05:34.200]  Yeah, oh yeah, the Euro is in big trouble, but the differences or the reasons are probably
[05:34.200 --> 05:40.440]  a lot more obvious than most people would give it credit to, it's in trouble because
[05:40.440 --> 05:46.960]  it's a ship out on the ocean without a rudder, a sail, or an engine, it's floating, that's
[05:46.960 --> 05:53.040]  all it can do is float and drift, and when you're drifting between that currency, the
[05:53.040 --> 05:59.520]  Euro is this united European union of states, kind of like a spin off of America just without
[05:59.520 --> 06:10.920]  any reality, the real cover story here is yes, it's in trouble, but if you compare the
[06:10.920 --> 06:17.920]  Euro to gold, gold's at an all time high, compare the gold to the United States dollar,
[06:17.920 --> 06:25.640]  gold's at an all time high, gold is breaking out in every currency in the world for a reason,
[06:25.640 --> 06:34.040]  gold is real, everything else is a fraud, legal tender law does not make it real, Debra,
[06:34.040 --> 06:40.120]  you and I run the entire country, okay, our little country, our feast home, whatever you
[06:40.120 --> 06:49.320]  want to call it, okay, we pass a law saying that Christmas trees are currency, well, okay,
[06:49.320 --> 06:53.400]  we can do that, but does that make a Christmas tree actually have value?
[06:53.400 --> 06:58.240]  No, because the value is between your ears, because you believe that other people will
[06:58.240 --> 07:04.160]  accept a Christmas tree as a medium of exchange, you do work for me, and I will pay you three
[07:04.160 --> 07:14.800]  Christmas trees, how about Euros, how about Drakma, how about dollars, how about loonies,
[07:14.800 --> 07:20.480]  what's the difference, Christmas tree, paper currency, they're both a joke, what's happening
[07:20.480 --> 07:28.280]  is we're having this competitive devaluation war, we're having a war between the values
[07:28.280 --> 07:33.960]  of these different paper fiat currencies, at the end, it's all going to balance out
[07:33.960 --> 07:43.200]  and on par, it'll neutralize at some point, right before World War III, because the only
[07:43.200 --> 07:53.000]  people getting ripped off is us, we're ripped off by accepting these coupons in payment,
[07:53.000 --> 07:59.560]  and is the Euro in trouble, yes, is it in any less trouble than any other currency,
[07:59.560 --> 08:07.160]  no, the difference is the news media have been ordered to begin talking up the, now
[08:07.160 --> 08:14.880]  out of the blue, problems that Spain is having, oh come on, we knew about this two years ago,
[08:14.880 --> 08:21.320]  I can't even imagine one seasoned financial professional did not know all of this two
[08:21.320 --> 08:28.360]  years ago, but according to what you're seeing in the news, it's news, it's breaking news,
[08:28.360 --> 08:34.880]  it's a big story, because hey, we just found out about it, but don't ever forget the news
[08:34.880 --> 08:42.200]  is more like an entertainment service, okay, they never report on, like through investigative
[08:42.200 --> 08:49.400]  journalism, they never report anymore about, well what could happen tomorrow, they tell
[08:49.400 --> 08:55.680]  you about what happened yesterday, what happened an hour or two ago, with no depth, with no
[08:55.680 --> 09:02.600]  meaning and with no looking under the bushes, so when I hear is the Euro in trouble, yes
[09:02.600 --> 09:09.920]  it is, it's in trouble because there is a shaking of the tree of confidence, I wouldn't
[09:09.920 --> 09:16.480]  be surprised if America just pushed a button somewhere to bring the attention overseas
[09:16.480 --> 09:24.600]  versus having any more negative attention directed at ourselves, a perfect example of
[09:24.600 --> 09:32.640]  how endangered the Euro is, is how endangered America was right when a major bill was about
[09:32.640 --> 09:40.080]  to be voted on to audit the Federal Reserve, do you know what happened the very same day,
[09:40.080 --> 09:48.760]  an event that has never occurred before, today we euphemistically call it the flash crash,
[09:48.760 --> 09:54.320]  out of the blue within 45 minutes we saw a thousand points come off the Dow Jones Industrial
[09:54.320 --> 10:00.600]  Average, the S&P, the NASDAQ, all of them took major league wackings, out of the blue
[10:00.600 --> 10:09.600]  for no apparently good reason, to me the powers that be, the mafia made men said, you think
[10:09.600 --> 10:16.080]  you're going to audit me punk, oh no, watch what I can do, all you have to do is tick
[10:16.080 --> 10:23.920]  me off, watch this, I'll ruin every dream you ever had, and within an amazing hour and
[10:23.920 --> 10:32.560]  a half the pressure came off, the bill was scuttled, and the market came back, okay take
[10:32.560 --> 10:37.640]  the gloves off, take the mask off, take the binky out and stop worrying about what other
[10:37.640 --> 10:44.800]  people think, whether it's Euro, whether it's America, whether it's anybody else, we are
[10:44.800 --> 10:52.840]  all subject to the same oligarch, we are all subject to the same smoke and mirrors parade,
[10:52.840 --> 10:57.200]  if you want to have historical means of value you're going to put tangible items on the
[10:57.200 --> 11:04.440]  table and take off this paper and laugh at it for what it is, a farce, a fraud and a
[11:04.440 --> 11:10.120]  joke, when 3 to 5% of the population figures out what we are talking about tonight you
[11:10.120 --> 11:15.440]  are going to see it live, how much time does that take to occur, I don't know, people won't
[11:15.440 --> 11:20.480]  give up the binky, they won't give up TV, it's like comfort food, I'm feeling a little
[11:20.480 --> 11:25.200]  depressed, I'm going to go eat something yummy, oh I'm feeling a little depressed, maybe I'll
[11:25.200 --> 11:30.240]  turn on Oprah Winfrey and watch somebody who is more of a loser than I am so I feel better
[11:30.240 --> 11:39.520]  about myself, this is a sickness, okay, it's not going to be solved in simplistic terms,
[11:39.520 --> 11:46.120]  it's a very serious illness and we have to get over it, so the immediacy question for
[11:46.120 --> 11:50.960]  people trying to make money in trade is well what's going to happen with the Euro, go spit
[11:50.960 --> 11:57.200]  in the wind, you're going to get the same odds of probability coming back to you, because
[11:57.200 --> 12:02.480]  to me the whole dissolution of the Euro is an inevitability because it's a failed thing,
[12:02.480 --> 12:06.960]  Debra you had mentioned that it's such a young currency, how could it go through these problems,
[12:06.960 --> 12:11.600]  well it was a failure to begin with because of the planet, Margaret Thatcher is the one
[12:11.600 --> 12:20.240]  who said socialism works great until you run out of other people's money and the Euro currency
[12:20.240 --> 12:25.480]  was doomed from formation because you have powerhouses like Germany who have experienced
[12:25.480 --> 12:31.760]  hyperinflation first hand, they know what it causes, they know the war and the death
[12:31.760 --> 12:37.440]  and the misery that it causes, they're really dead set against doing it by following the
[12:37.440 --> 12:44.160]  political pressure and having leaderless leaders, rudderless ships, well they're doing it anyway,
[12:44.160 --> 12:46.200]  go figure.
[12:46.200 --> 12:53.960]  So are you going to stand there and you're going to take these lying, thieving cowards
[12:53.960 --> 12:57.560]  and let them run your life and take your chances with them or are you going to put a little
[12:57.560 --> 13:03.360]  mint into your own backbone and get your butt off the couch and go make it happen because
[13:03.360 --> 13:09.920]  if you're waiting for Santa Claus to save the day, you're going to starve or you're
[13:09.920 --> 13:18.160]  going to be holding a rifle shooting at somebody you don't know, that's an inevitability.
[13:18.160 --> 13:24.280]  Now Steve, Bill just sent me a chat, he wanted me to mention to you and ask if you agree
[13:24.280 --> 13:29.800]  with this statement, this is just from what we've found that at least part of the way
[13:29.800 --> 13:34.760]  that governments create purchasing power for their legal tender currencies is by requiring
[13:34.760 --> 13:39.440]  people to pay their taxes in those currencies or whatever it happens to be, Bill likes to
[13:39.440 --> 13:45.240]  use the example of popsicle sticks, so whatever the governments are requiring their taxes
[13:45.240 --> 13:50.600]  to be paid in, well now all of a sudden that has a specific purchasing power, so would
[13:50.600 --> 13:57.000]  you agree that that is part of what creates the competition for the coupons among the
[13:57.000 --> 14:00.240]  people in creating an artificial value?
[14:00.240 --> 14:05.240]  The artificial value is artificial on its face, there's nothing that can change that.
[14:05.240 --> 14:09.560]  The immediacy of whether they're able to create a tender more out of thin air because
[14:09.560 --> 14:15.160]  of alleged tax revenue coming in, it's kind of a self-defeating purpose in a Ponzi scheme
[14:15.160 --> 14:20.680]  onto itself, it can only go so far before it's mathematically impossible to tax the
[14:20.680 --> 14:28.080]  people enough to repay the debt, the United States, Spain, Greece, the pigs, three quarters
[14:28.080 --> 14:33.600]  of all the industrialized major western countries are in that boat right now.
[14:33.600 --> 14:38.520]  If we were to take, and this is going back to some John Williams stuff statistically
[14:38.520 --> 14:45.280]  because I trust his numbers more than I trust him, John Williams said that right now if
[14:45.280 --> 14:52.640]  we taxed every single penny of 100% of everything that comes into every American's pocket,
[14:52.640 --> 14:59.840]  we couldn't even balance one and a half of the budget, picture that for just a second.
[14:59.840 --> 15:05.840]  It brings irrelevancy to the fact that the tax agency of the United States is the Internal
[15:05.840 --> 15:11.360]  Revenue Service, they are nothing more than the debt collector for a private institution
[15:11.360 --> 15:18.040]  that is not federal, is not a bank, and has no reserves, it's a debt collector, you know
[15:18.040 --> 15:21.040]  like the debt collector.
[15:21.040 --> 15:26.440]  Steve, you still there?
[15:26.440 --> 15:36.320]  Okay, I think we lost Steve, he's going to call back in now.
[15:36.320 --> 15:37.320]  The sudden drop.
[15:37.320 --> 15:43.840]  The sudden drop, they don't want us to have the information but it's too late.
[15:43.840 --> 15:50.200]  Yeah, so we were discussing about these currencies and they're doomed to fail, they're set up
[15:50.200 --> 15:56.320]  to fail from the beginning anyway and yes part of the reason that there's this competition
[15:56.320 --> 16:01.360]  for the coupons is because the governments require that people pay their taxes in these
[16:01.360 --> 16:07.200]  coupons and also obviously it has to do with the banking system too.
[16:07.200 --> 16:11.400]  Like here in the United States, we can't bank in Euros, the banks deal with Federal Reserve
[16:11.400 --> 16:18.400]  notes and so that's another way that the governments force off a particular type of coupon on people
[16:18.400 --> 16:21.680]  is through the banking system.
[16:21.680 --> 16:23.160]  And it looks like we have Steve back.
[16:23.160 --> 16:24.160]  Steve?
[16:24.160 --> 16:27.760]  Oh, sorry about that, maybe I struck a nerve, huh?
[16:27.760 --> 16:28.760]  Perhaps so.
[16:28.760 --> 16:31.240]  Well, I'm planning on hitting some more where I'm on a roll.
[16:31.240 --> 16:32.240]  Alright, good deal.
[16:32.240 --> 16:37.360]  Alright, well we're going to break now and we were just discussing when you dropped off
[16:37.360 --> 16:42.680]  is that besides the governments requiring taxes in the form of certain particular coupons
[16:42.680 --> 16:43.680]  but also...
[16:43.680 --> 16:45.880]  Hold that thought and we'll roll right back into it.
[16:45.880 --> 16:47.680]  Okay, very good.
[16:47.680 --> 16:51.120]  We will be right back with Steve, the financial analyst.
[16:51.120 --> 17:02.680]  This is a rule of law.
[17:02.680 --> 17:07.720]  Capital Coin and Bullion is your local source for rare coins, precious metals and coin supplies
[17:07.720 --> 17:09.720]  in the Austin metro area.
[17:09.720 --> 17:11.760]  We also ship worldwide.
[17:11.760 --> 17:15.800]  We are a family owned and operated business that offers competitive prices on your coin
[17:15.800 --> 17:16.800]  and metals purchases.
[17:16.800 --> 17:22.520]  We buy, sell, trade and consign rare coins, gold and silver coin collections, precious
[17:22.520 --> 17:24.400]  metals and scrap gold.
[17:24.400 --> 17:28.000]  We will purchase and sell gold and jewelry items as well.
[17:28.000 --> 17:30.600]  We offer daily specials on coins and bullions.
[17:30.600 --> 17:36.720]  We're located at 5448 Burnett Road, Suite 3 and we're open Monday through Friday 10
[17:36.720 --> 17:40.560]  AM to 6 PM, Saturdays 10 AM to 5 PM.
[17:40.560 --> 17:47.960]  You are welcome to stop in our shop during regular business hours or call 512-646-6440
[17:47.960 --> 17:48.960]  with any questions.
[17:48.960 --> 17:54.440]  Ask for Chad and say you heard about us on Rule of Law Radio or 90.1 FM, that's Capital
[17:54.440 --> 17:55.440]  Coin and Bullion, 512-646-6440.
[17:55.440 --> 17:56.440]  Well, don't let nothing get to you.
[17:56.440 --> 17:57.440]  Only the father can do it by you.
[17:57.440 --> 17:58.440]  Don't let bad-minded people hurt you.
[17:58.440 --> 17:59.440]  And don't let bad-minded people hurt you.
[17:59.440 --> 18:11.440]  And don't let bad-minded people hurt you.
[18:11.440 --> 18:31.440]  And don't let bad-minded people hurt you.
[18:31.440 --> 18:51.440]  And don't let bad-minded people hurt you.
[18:51.440 --> 19:11.440]  And don't let bad-minded people hurt you.
[19:11.440 --> 19:29.440]  And don't let bad-minded people hurt you.
[19:29.440 --> 19:36.800]  Okay, we're talking about competition and demand for these coupons and one of the ways
[19:36.800 --> 19:42.920]  that it would seem that the governments of these different nations create a purchasing
[19:42.920 --> 19:48.040]  power or some kind of a demand or competition for the coupons is that they require taxes
[19:48.040 --> 19:55.760]  to be paid in those coupons and also the way they set the banking system, if people feel
[19:55.760 --> 20:01.440]  the need or the desire or the want to engage in electronic banking system, then they have
[20:01.440 --> 20:05.680]  to deal with that denomination of coupon.
[20:05.680 --> 20:10.440]  And so yeah, of course, we can do barter and such, but at the very least, if the taxes
[20:10.440 --> 20:13.800]  have to be paid in the coupons, the taxes have to be paid in the coupons.
[20:13.800 --> 20:19.000]  And so at any rate, I just wanted you to address that briefly, Steve, before we go into the
[20:19.000 --> 20:20.000]  metals market.
[20:20.000 --> 20:25.520]  Well, this is one of the methodologies of collapse of empire, okay?
[20:25.520 --> 20:29.520]  This is one of those mathematical certainties that I keep pointing to.
[20:29.520 --> 20:35.200]  Yes, the government, now Phil's got a good point that the creation isn't solely between
[20:35.200 --> 20:42.160]  one's ears, okay, or the value thereof, but the way it's still being done is a Ponzi scheme
[20:42.160 --> 20:46.840]  of a different flavor, but a Ponzi scheme nonetheless.
[20:46.840 --> 20:52.880]  Right now the tax receipts from government, state, local, sales, you name it, they're
[20:52.880 --> 20:58.920]  plunging because the bottom's been pulled out from under the financial system.
[20:58.920 --> 21:04.560]  The weakest hands are dying off the fastest and it'll go straight up the food chain and
[21:04.560 --> 21:07.360]  stop at the top 1%.
[21:07.360 --> 21:08.360]  They're never going to suffer.
[21:08.360 --> 21:12.200]  They'll never know a thing because they make the rules, they make the laws, and we're subject
[21:12.200 --> 21:13.200]  to them.
[21:13.200 --> 21:21.320]  The difference though is the whole perception of even the taxes thing, yes, today, because
[21:21.320 --> 21:25.960]  Debra, you said on break that you have to pay your property tax in federal reserve,
[21:25.960 --> 21:26.960]  no.
[21:26.960 --> 21:27.960]  Okay.
[21:27.960 --> 21:35.960]  If somebody were to walk into the tax office at their local county seat and say, I would
[21:35.960 --> 21:43.200]  like to pay my bill in person in gold, they won't take the gold, even if it was a United
[21:43.200 --> 21:46.640]  States mint coin for a reason, okay.
[21:46.640 --> 21:51.800]  Well, we've got a financial analyst, yes, told them tonight.
[21:51.800 --> 21:52.800]  Thanks.
[21:52.800 --> 22:00.560]  Part of the reason is if you look at the back of a one ounce eagle, it says $50.
[22:00.560 --> 22:06.800]  So let's say my tax bill was four grand, okay, well, as of today's record high closed priced
[22:06.800 --> 22:15.800]  in dollars, we're looking at something like $1,248, I think, and what's funny about, or
[22:15.800 --> 22:22.480]  $58, what's funny about this though is on the back of that coin is stamped 50 bucks.
[22:22.480 --> 22:27.560]  So if I had my $4,000 bill and I go to try to pay it in four coins, if you turn over
[22:27.560 --> 22:33.920]  my American legal tender, because that coin is still tender, but on the back of it it
[22:33.920 --> 22:36.800]  says 50 US dollars.
[22:36.800 --> 22:43.280]  So I can't pay a partial payment against my property tax, I have to pay it in full.
[22:43.280 --> 22:50.320]  So the county seat is not going to take a $200 payment, it's a catch-22.
[22:50.320 --> 22:56.920]  So the thing is, this is where empires fail, now the timing on this is totally up for grabs.
[22:56.920 --> 23:03.120]  But mathematically, there is no way we can pay all the property tax, there's not enough
[23:03.120 --> 23:06.640]  money in the system, there's not enough money available.
[23:06.640 --> 23:13.720]  When you take into account the amount of taxation currently on and what we have because of unfunded
[23:13.720 --> 23:20.520]  future obligations, all the taxes right now would not make up even half of our deficits
[23:20.520 --> 23:22.160]  in budget.
[23:22.160 --> 23:27.640]  We could not get half out of debt if we collected everything from everybody.
[23:27.640 --> 23:33.440]  So whether you want to say that the tax is good, that the tax is relevant, that it brings
[23:33.440 --> 23:39.800]  value, I think on some level this is one of these misnomers that's put out into circulation
[23:39.800 --> 23:47.440]  that makes extremely intelligent men and women lose focus on the bigger picture.
[23:47.440 --> 23:53.760]  Change is coming, and if you're not prepared for it, that's all you're going to have left,
[23:53.760 --> 24:01.960]  change, pocket change, not the change we told a year ago, I mean pocket change.
[24:01.960 --> 24:09.200]  Because I could still take one of my coins, and I've had a lot of people say, well where
[24:09.200 --> 24:15.160]  do you sell this stuff?
[24:15.160 --> 24:22.800]  That the interesting way to do, the interesting thing about gold was even though at the time
[24:22.800 --> 24:28.520]  it hit a high of like 900 bucks, he said that there were people he knew that were trying
[24:28.520 --> 24:35.480]  to sell some of their gold for 900 bucks, and nobody was offering more than 600 or 700.
[24:35.480 --> 24:41.440]  But you could go on eBay, you could go on Craigslist, you could go to a local coin shop,
[24:41.440 --> 24:48.840]  there's plenty of places that are dealer networks on the radio or on the internet that will
[24:48.840 --> 24:54.520]  actually point you directly to different people who will buy it from you at virtually spot
[24:54.520 --> 24:55.520]  prices.
[24:55.520 --> 25:03.440]  So if I had to pay property tax, yeah, okay, I'll play ball, I'll take a coin that I've
[25:03.440 --> 25:11.240]  offered 300 bucks, and I'll go sell it for darn near 1,300 bucks, and I'll pay some taxes
[25:11.240 --> 25:12.240]  on that.
[25:12.240 --> 25:20.720]  Well, even if I had to sell five coins instead of four to pay my bill and offset my tax liability,
[25:20.720 --> 25:27.400]  I just paid a $4,000 bill with what to me was functionally $1,500.
[25:27.400 --> 25:29.920]  Get it?
[25:29.920 --> 25:32.680]  That's the real difference, folks.
[25:32.680 --> 25:38.960]  If you're preparing for it, fine, eventually we're going to see the removal and absence
[25:38.960 --> 25:45.960]  of money supplied, because even though an unlimited amount is being created, we as people
[25:45.960 --> 25:49.800]  are never going to see the money, we're just not.
[25:49.800 --> 25:53.000]  It's going to go to the banks, it's going to go to the big businesses, it's going to
[25:53.000 --> 25:58.640]  go to the guys putting in the new streets, the guys doing this, the guys doing that.
[25:58.640 --> 26:02.360]  The general population, you're screwed, doesn't matter.
[26:02.360 --> 26:05.360]  You're on your own.
[26:05.360 --> 26:09.360]  The money supply is never going to see us, even though it exponentially goes up, or the
[26:09.360 --> 26:14.440]  cost associated with your common day goods and needs are going to go up exponentially
[26:14.440 --> 26:15.600]  in price.
[26:15.600 --> 26:20.000]  We have a massive deflation right on us right now.
[26:20.000 --> 26:25.760]  Evidence is abound and it's everywhere, that the property value is decreasing, the value
[26:25.760 --> 26:32.400]  of cars decreasing, the value of everything decreasing, except, and try to remember, keep
[26:32.400 --> 26:34.680]  this part relevant.
[26:34.680 --> 26:41.640]  All the things that you have to have to live are going to go up in cost, regardless of
[26:41.640 --> 26:45.120]  whether you can afford it or not.
[26:45.120 --> 26:52.400]  We have some enormous unforeseen circumstances brewing in the Gulf of Mexico.
[26:52.400 --> 26:56.920]  What is that going to do to the entire coastline of the Gulf?
[26:56.920 --> 26:59.040]  We don't know.
[26:59.040 --> 27:05.520]  It's going to create havoc on our food supply, on our availability of energy, on the availability
[27:05.520 --> 27:07.520]  of food.
[27:07.520 --> 27:14.920]  I read somewhere that one third or more of all the protein consumed on earth comes from
[27:14.920 --> 27:17.240]  the ocean.
[27:17.240 --> 27:22.880]  We don't have an oil spill in the Gulf, we have an oil volcano in the Gulf.
[27:22.880 --> 27:26.520]  It's not a spill, a glass that has a finite supply.
[27:26.520 --> 27:29.040]  We don't know how much is there.
[27:29.040 --> 27:36.880]  There could be enough oil under that rock to offset the entire volumetric size of the
[27:36.880 --> 27:42.400]  Gulf of Mexico itself with just pure goo.
[27:42.400 --> 27:45.320]  We don't know.
[27:45.320 --> 27:49.120]  One of the things that all of this stuff boils down to, whether you really want to get into
[27:49.120 --> 27:53.440]  the nitty-gritty and dissect it and go back and forth and talk, hey, that's cool.
[27:53.440 --> 27:55.440]  That's a good thing.
[27:55.440 --> 28:06.520]  The real difference, though, is do we want to get caught up in minutia and use different
[28:06.520 --> 28:14.040]  words and theories to confuse and delay ourselves, or do you just take a step back and see how
[28:14.040 --> 28:21.520]  much of the forest can I see consisting of trees, because if I can get a bigger, broader
[28:21.520 --> 28:27.200]  picture, I have a better chance of making a rational and intelligent decision.
[28:27.200 --> 28:31.280]  The offsetting thing with the taxes, to me, is a perfect example.
[28:31.280 --> 28:37.160]  Yes, you have to use Federal Reserve notes for certain things, but if the bulk of your
[28:37.160 --> 28:44.240]  life consisted of really trade and barter, we have eBay, there are electronic trade and
[28:44.240 --> 28:51.040]  barter platforms for business-to-business and people-to-business, business-to-people.
[28:51.040 --> 28:52.040]  They're out there.
[28:52.040 --> 28:58.840]  They're all over the place, and they're gaining momentum and notoriety because necessity is
[28:58.840 --> 29:01.280]  the mother of invention.
[29:01.280 --> 29:03.960]  People are running out of cash, but they still need stuff.
[29:03.960 --> 29:07.040]  Hey, I defy what, Deborah, you have chickens.
[29:07.040 --> 29:11.080]  You need a new roof put on your chicken coop, and man, I need to eat.
[29:11.080 --> 29:13.280]  How about we do a trade?
[29:13.280 --> 29:23.200]  Well, if it's a trade, you might have to account for it through a 1099B, B for barter, but
[29:23.200 --> 29:30.480]  even after that, if the trade can be equalized, there's no money changing hands, and effectively,
[29:30.480 --> 29:35.800]  from my understanding, seek professional advice on this, because I don't do tax stuff, but
[29:35.800 --> 29:38.000]  it's a wash, from my understanding.
[29:38.000 --> 29:44.320]  So if you can save money there and save it up so you can pick up the coupons if you can't
[29:44.320 --> 29:46.520]  get away from, fine.
[29:46.520 --> 29:49.440]  All right, very good.
[29:49.440 --> 29:52.960]  All right, we're going to break, and we will be right back on the other side with Steve,
[29:52.960 --> 29:53.960]  the financial analyst.
[29:53.960 --> 30:00.680]  This is the rule of law.
[30:00.680 --> 30:05.560]  Are you being harassed by debt collectors with phone calls, letters, or even lawsuits?
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[30:41.280 --> 30:47.000]  For more information, please visit ruleoflawradio.com and click on the blue Michael Mears banner,
[30:47.000 --> 30:50.000]  or email michaelmears at yahoo.com.
[30:50.000 --> 30:59.000]  That's ruleoflawradio.com, or email m-i-c-h-a-e-l-m-i-r-r-a-s at yahoo.com to learn how to stop debt
[30:59.000 --> 31:00.000]  collectors now.
[31:00.000 --> 31:07.000]  Yeah, yeah, oh.
[31:07.000 --> 31:16.000]  Mm-hmm, yeah, I want.
[31:16.000 --> 31:23.000]  Oh, I want.
[31:23.000 --> 31:38.000]  I won't let you pull the wool over my eyes.
[31:38.000 --> 31:47.000]  I only must refuse your notes, also nothing lies.
[31:47.000 --> 31:54.000]  Seems you like the fit, but please take some words to the wise.
[31:54.000 --> 32:21.000]  At least I've tried to pull the wool over my eyes.
[32:21.000 --> 32:25.000]  Mm-hmm.
[32:25.000 --> 32:40.000]  An orange is an orange and will never be an apple.
[32:40.000 --> 32:47.000]  You say it is a no-go, it is no tough concept to grapple.
[32:47.000 --> 32:55.000]  It's just too much to bear, I won't wear your evil shackles.
[32:55.000 --> 33:18.000]  A bluebird is a bluebird and will never be a grackle.
[33:18.000 --> 33:28.000]  You say it is a no-go, it is no tough concept to grapple.
[33:28.000 --> 33:29.000]  Oh.
[33:29.000 --> 33:30.000]  Okay, we are back.
[33:30.000 --> 33:37.000]  We are here with Steve, the financial analyst, and now we're going to get into the metals
[33:37.000 --> 33:40.000]  market, since we started talking about the metals.
[33:40.000 --> 33:48.000]  And I wanted to get to the questions that Bill had, and he, this has to do mainly with
[33:48.000 --> 33:53.000]  the ratio between gold and silver prices, spot prices.
[33:53.000 --> 33:59.000]  And Ben will get into, he had a question concerning what you think the spot prices will be of
[33:59.000 --> 34:03.000]  gold and silver by the end of the year and by, you know, within the next two and a half
[34:03.000 --> 34:04.000]  years.
[34:04.000 --> 34:08.000]  But before we get to that question, he has a couple of questions here.
[34:08.000 --> 34:16.000]  He's, many forecasters, well-known forecasters like Cliff High and others, specifically
[34:16.000 --> 34:22.000]  Cliff High, using his WebBot technology program, has said that since the year 2003, his data
[34:22.000 --> 34:30.000]  has been showing something very unusual for silver, which turns out may not be that unusual
[34:30.000 --> 34:36.000]  after all, which is that the price of silver will reach or exceed parity with gold for
[34:36.000 --> 34:37.000]  a short time.
[34:37.000 --> 34:40.000]  Do you foresee that as a possibility for silver?
[34:40.000 --> 34:46.000]  And if not, at a minimum, do you think silver will return to its historical ratio of 16
[34:46.000 --> 34:48.000]  to 1 with gold and when?
[34:48.000 --> 34:51.000]  Yes, yes, no, maybe.
[34:51.000 --> 34:52.000]  Okay.
[34:52.000 --> 34:54.000]  Please explain.
[34:54.000 --> 34:55.000]  Okay.
[34:55.000 --> 35:01.000]  I think Cliff, and I've studied a lot of his work for many years.
[35:01.000 --> 35:04.000]  I've been an on-and-off subscriber for a long time.
[35:04.000 --> 35:11.000]  I understand where he's coming from, but the mathematical thing is what I have to focus
[35:11.000 --> 35:15.000]  on because I need to pull my emotion out of it or I'm going to make a really terrible
[35:15.000 --> 35:16.000]  mistake.
[35:16.000 --> 35:22.000]  The historical relationship between gold and silver is a ratio.
[35:22.000 --> 35:26.000]  How many ounces of silver does it take to purchase an ounce of gold?
[35:26.000 --> 35:31.000]  Well, tonight, I think on Friday's Spot Close for America, we were looking at something
[35:31.000 --> 35:38.000]  like 65.8 ounces of silver it takes to buy one ounce of gold.
[35:38.000 --> 35:46.000]  According to the Constitution, it's supposed to be a lot closer to 16 to 1, and 16 ounces
[35:46.000 --> 35:55.000]  of silver to buy one ounce of gold, you would have to have silver at $78.50 to buy an ounce
[35:55.000 --> 35:58.000]  of gold at that relationship.
[35:58.000 --> 36:05.000]  Now, that would obviously be quite the incentive to purchase silver because it could go up
[36:05.000 --> 36:13.000]  400% from here, which is already 400% up from the low that we had in 2002.
[36:13.000 --> 36:19.000]  Ideally, and let's take the timing out of this for a minute because we need to break this
[36:19.000 --> 36:21.000]  into two different categories.
[36:21.000 --> 36:29.000]  What is the mathematical certainty and what is the public's reactive time to an inevitability
[36:29.000 --> 36:33.000]  that we can't quantify easily?
[36:33.000 --> 36:39.000]  If we look at the mathematics by itself, this is something I've had a lot of struggle with
[36:39.000 --> 36:44.000]  in the last few years because when you tell people this, they glaze over and look at you
[36:44.000 --> 36:49.000]  like you're either crazy or you're really on drugs.
[36:49.000 --> 36:55.000]  There is more above ground gold than there is silver.
[36:55.000 --> 36:58.000]  We used to produce a lot more silver.
[36:58.000 --> 37:04.000]  We used to have billions of ounces of this stuff in the United States alone.
[37:04.000 --> 37:07.000]  That's when we were wealthy before socialism took over.
[37:07.000 --> 37:13.000]  Now, the interesting thing about it is because the price of silver has been so cheap for
[37:13.000 --> 37:19.000]  so long that when electronic manufacturers make a computer PC board, there's gold and
[37:19.000 --> 37:21.000]  silver in the board.
[37:21.000 --> 37:28.000]  When they melt them down, they reclaim the gold because it's worth the Kelvins of energy
[37:28.000 --> 37:32.000]  to melt the board down and extract the gold.
[37:32.000 --> 37:38.000]  But there's not an inherent value in skimming off the minute amounts of silver because at
[37:38.000 --> 37:43.000]  even current prices of a little over $19 an ounce, it's just not mathematically worth
[37:43.000 --> 37:45.000]  it to extract the silver.
[37:45.000 --> 37:50.000]  That board and the goo that's left over after extracting and skimming off a little bit of
[37:50.000 --> 37:53.000]  gold is all thrown in a landfill.
[37:53.000 --> 37:56.000]  It's gone.
[37:56.000 --> 38:04.000]  Silver is a byproduct of copper and zinc and other industrial metal mining.
[38:04.000 --> 38:07.000]  There's very, very few, although there are some.
[38:07.000 --> 38:12.000]  There are very few completely dedicated silver mines.
[38:12.000 --> 38:13.000]  It's a byproduct.
[38:13.000 --> 38:19.000]  Well, as the general economy goes down the tubes, there's less demand for copper because
[38:19.000 --> 38:22.000]  Dr. Copper is like a housing indicator.
[38:22.000 --> 38:27.000]  If the price of copper is going up, then so is inflationary expectations that people are
[38:27.000 --> 38:30.000]  building homes and getting stuff done.
[38:30.000 --> 38:34.000]  More copper is needed because of electricity and plumbing.
[38:34.000 --> 38:39.000]  So we're going to mine more material and ore out of the copper mine.
[38:39.000 --> 38:42.000]  The byproduct of silver will create more silver.
[38:42.000 --> 38:47.000]  Well, that byproduct is in a declining position right now because of the general economic
[38:47.000 --> 38:49.000]  picture.
[38:49.000 --> 38:56.000]  On top of that, the price is so low, we have consumed and used so much of the silver that
[38:56.000 --> 38:58.000]  we're in a deficit right now.
[38:58.000 --> 39:00.000]  We're using more silver.
[39:00.000 --> 39:08.000]  The United States Mint all by itself, if you extract out into the future at current rates,
[39:08.000 --> 39:13.000]  the Mint is sucking up every single ounce of industrial in the United States of America
[39:13.000 --> 39:19.000]  for silver just to meet the demand for silver eagles.
[39:19.000 --> 39:22.000]  Kind of a hard thing to believe.
[39:22.000 --> 39:28.000]  But if you add up how many ounces of silver are known to exist roughly above ground, you're
[39:28.000 --> 39:35.000]  looking at something like a little over $150 billion worth of silver.
[39:35.000 --> 39:40.000]  There's $1.3 trillion worth of gold.
[39:40.000 --> 39:46.000]  So actually, silver is actually more rare today than gold.
[39:46.000 --> 39:53.000]  So why isn't silver based on the basic rudimentary laws of supply and demand?
[39:53.000 --> 39:58.000]  Why is it silver in parity like Cook said?
[39:58.000 --> 40:04.000]  Well, number one, most people don't understand that silver is not just an industrial metal,
[40:04.000 --> 40:06.000]  it is money.
[40:06.000 --> 40:09.000]  It has been for 10,000 years.
[40:09.000 --> 40:12.000]  It's the poor man's gold.
[40:12.000 --> 40:18.000]  We used to have paper money that was backed on what we used to refer to as a silver standard.
[40:18.000 --> 40:23.000]  People would walk around with silver dollars in their pocket.
[40:23.000 --> 40:26.000]  Well, we don't have that anymore.
[40:26.000 --> 40:29.000]  What we're forced with is what's left.
[40:29.000 --> 40:35.000]  In my estimation, the price of silver is going vertical from here.
[40:35.000 --> 40:42.000]  Will there be like a sawtooth or up and then down a little bit, the two steps forward,
[40:42.000 --> 40:46.000]  the one step back, the three steps forward, the three steps back?
[40:46.000 --> 40:48.000]  Are we going to see that?
[40:48.000 --> 40:50.000]  Absolutely.
[40:50.000 --> 40:53.000]  As more and more people take the blinders off,
[40:53.000 --> 40:58.000]  as more and more people choose to look at what they feel in their gut and act on it
[40:58.000 --> 41:01.000]  versus hallucinating with the rest of the population,
[41:01.000 --> 41:08.000]  more and more people are going to be seeking the safety, inherent safety, of tangible items.
[41:08.000 --> 41:12.000]  And those tangibles are historic money.
[41:12.000 --> 41:17.000]  Now, I get this question all the time.
[41:17.000 --> 41:21.000]  What's the price of silver going to be at the end of the year?
[41:21.000 --> 41:29.000]  And I like to just throw out an arbitrary number, you know, $101,
[41:29.000 --> 41:32.000]  because it gets people's attention.
[41:32.000 --> 41:37.000]  Where silver is going by the end of the year is a balancing act between
[41:37.000 --> 41:44.000]  how much control and propaganda can we have on the TV, on financial medias,
[41:44.000 --> 41:51.000]  on other networks, on other outlets to get people to have faith in the paper system?
[41:51.000 --> 41:57.000]  Because every single day for the last couple months that more and more problems are evident,
[41:57.000 --> 42:01.000]  people are voting with their feet and they're leaving the paper system
[42:01.000 --> 42:04.000]  and they're entering the metals market.
[42:04.000 --> 42:10.000]  That's why even though in the blatant fates of depression and deflation,
[42:10.000 --> 42:15.000]  we're seeing the metals prices going up while we have housing
[42:15.000 --> 42:20.000]  and other tangible assets of that nature going down in price.
[42:20.000 --> 42:23.000]  And another one of those issues with, like, housing going down,
[42:23.000 --> 42:26.000]  housing is tied to taxes, you can't pick it up and move it,
[42:26.000 --> 42:35.000]  I can't trade my house for this or that because there's other costs and issues involved.
[42:35.000 --> 42:40.000]  But when you take your money and put it into a transportable, tangible asset,
[42:40.000 --> 42:42.000]  that's a whole different ballgame.
[42:42.000 --> 42:47.000]  I could take a pile of plywood and put it on a shipping container
[42:47.000 --> 42:49.000]  and send it anywhere on earth.
[42:49.000 --> 42:52.000]  I cannot do that with the house.
[42:52.000 --> 42:56.000]  And one of the issues that also arises when we start talking about these things
[42:56.000 --> 43:00.000]  is what exactly are we looking for?
[43:00.000 --> 43:06.000]  If you're looking to buy silver and gold because you want to become wealthy,
[43:06.000 --> 43:09.000]  you're falling into the same trap that has been set
[43:09.000 --> 43:12.000]  and has snarled everybody in the first place.
[43:12.000 --> 43:16.000]  If you want to become wealthy, you have to work your ass off.
[43:16.000 --> 43:23.000]  You have to come up with a product or a good or a service that excels above other people.
[43:23.000 --> 43:25.000]  You have to be willing to produce a lot of it,
[43:25.000 --> 43:29.000]  and you have to be willing to just produce in general.
[43:29.000 --> 43:34.000]  The Get Rich Quick methodology is going the way of the dodo bird.
[43:34.000 --> 43:38.000]  And this is not something you buy to make money.
[43:38.000 --> 43:42.000]  This is something you buy to keep the money you've already made.
[43:42.000 --> 43:47.000]  That's a much better place to start.
[43:47.000 --> 43:49.000]  I hear music.
[43:49.000 --> 43:51.000]  Yes, we're going to break.
[43:51.000 --> 43:54.000]  We're going to pick up on that note on the other side.
[43:54.000 --> 43:55.000]  This is the rule of law.
[43:55.000 --> 44:00.000]  We'll be right back.
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[45:18.000 --> 45:20.000]  Okay, we are back.
[45:20.000 --> 45:25.000]  And Steve, right before the break you were saying that investing
[45:25.000 --> 45:29.000]  in these metals is not necessarily to become wealthy,
[45:29.000 --> 45:32.000]  but to protect what you already have.
[45:32.000 --> 45:35.000]  And I wholeheartedly concur.
[45:35.000 --> 45:40.000]  And just to go back, if you could clarify please concerning the ratio,
[45:40.000 --> 45:45.000]  the historical ratio, and do you see silver reaching parity with gold?
[45:45.000 --> 45:49.000]  And do you, what is your timeframe on these matters?
[45:49.000 --> 45:52.000]  What do you foresee as the timeframe on these matters?
[45:52.000 --> 45:56.000]  Well, more than anything, the timeframe is at least the most difficult,
[45:56.000 --> 45:59.000]  because if you add or subtract a column of numbers,
[45:59.000 --> 46:04.000]  you can count on the result being equal no matter how many times you do it,
[46:04.000 --> 46:07.000]  as long as you're doing it accurately.
[46:07.000 --> 46:11.000]  With the gold and silver ratio, that's the court of public opinion,
[46:11.000 --> 46:15.000]  and the court of public opinion is on crack at the moment.
[46:15.000 --> 46:19.000]  I'm trying on them to set a time horizon for me to make an estimate on,
[46:19.000 --> 46:22.000]  I have no idea, okay?
[46:22.000 --> 46:28.000]  When it comes, it will come like a tidal wave, because, you know,
[46:28.000 --> 46:30.000]  Deborah, did you ever look up in the sky
[46:30.000 --> 46:35.000]  and see a large flock of small birds flying together?
[46:35.000 --> 46:37.000]  Yes.
[46:37.000 --> 46:40.000]  Did you ever notice that they can't talk to each other,
[46:40.000 --> 46:43.000]  they don't have any radio gear,
[46:43.000 --> 46:47.000]  they're not controlled by like somebody on the ground with a remote control?
[46:47.000 --> 46:51.000]  But thousands of birds can fly in unison,
[46:51.000 --> 46:54.000]  and they seem to turn all at the exact same time.
[46:54.000 --> 46:57.000]  Like instinctually they know they're all headed this way,
[46:57.000 --> 47:01.000]  they're all headed that way, now they're going up, now they're going down.
[47:01.000 --> 47:06.000]  And these are little birds with a two-volt brain who don't have what we consider
[47:06.000 --> 47:10.000]  an obvious way to communicate, but nonetheless they do.
[47:10.000 --> 47:14.000]  And trying to pick the exact moment of timing is a lot like you
[47:14.000 --> 47:16.000]  and I are watching the same flock of birds,
[47:16.000 --> 47:18.000]  and I'm betting they're going to bank to the left,
[47:18.000 --> 47:20.000]  and you're betting they bank to the right.
[47:20.000 --> 47:25.000]  And lo and behold, they go straight up.
[47:25.000 --> 47:31.000]  That's the real gamble on where does this momentum really take place,
[47:31.000 --> 47:34.000]  when does it happen, when does the grand awakening,
[47:34.000 --> 47:37.000]  the realization take place, I don't know.
[47:37.000 --> 47:46.000]  It looks like it's not going to take bloom this year unless we see like truth
[47:46.000 --> 47:52.000]  coming out about the Gulf of Mexico, unless we see the truth coming out about
[47:52.000 --> 47:58.000]  Spain is not the big problem, it's the United States.
[47:58.000 --> 48:02.000]  We have states in the United States that make Spain look like a well-organized,
[48:02.000 --> 48:07.000]  well-run machine, like California, like Illinois.
[48:07.000 --> 48:14.000]  These are basket case states, and they're in debt on some levels much worse,
[48:14.000 --> 48:17.000]  on some levels not as bad, depends on what game you want to play,
[48:17.000 --> 48:25.000]  but California is in much worse shape than many of these other alleged pig nations.
[48:25.000 --> 48:34.000]  And California by itself is like the seventh largest economy on earth.
[48:34.000 --> 48:42.000]  As far as the ratio goes, I do see silver actually exceeding the ounce per ounce
[48:42.000 --> 48:48.000]  price of gold, and I know how whacked out that's got to sound to so many people.
[48:48.000 --> 48:56.000]  Could you imagine if the ratio were zero, which means an ounce of gold is $1,250
[48:56.000 --> 49:03.000]  and an ounce of silver is $1,250?
[49:03.000 --> 49:09.000]  I see that coming because there's so much less silver of ground.
[49:09.000 --> 49:15.000]  Gold has wonderful and unique properties to it, but one of the hidden properties
[49:15.000 --> 49:21.000]  of silver is its antifungal, antimicrobial properties.
[49:21.000 --> 49:27.000]  It is the best conductor of electricity in the periodic table of elements.
[49:27.000 --> 49:33.000]  And in the future, if we don't go into a relative dark ages at the end of the
[49:33.000 --> 49:39.000]  hyperinflationary collapse, technology will still be a part of our society,
[49:39.000 --> 49:45.000]  and to have electronics, you cannot possibly create electronics in today's
[49:45.000 --> 49:48.000]  marketplace without silver.
[49:48.000 --> 49:55.000]  You can do it without gold, but you cannot do it without silver.
[49:55.000 --> 50:00.000]  And one of the interesting things about that is, you know, by the end of the year,
[50:00.000 --> 50:05.000]  it wouldn't surprise me to see $1,500 an ounce gold.
[50:05.000 --> 50:12.000]  It would not surprise me at all to see $21 to $25 an ounce silver.
[50:12.000 --> 50:21.000]  But the timing, like the next turn of the giant flock of birds, that's the unknown.
[50:21.000 --> 50:26.000]  And anybody who tries to tell you or anybody that listens to your show,
[50:26.000 --> 50:28.000]  they know the answer.
[50:28.000 --> 50:32.000]  Imagine that person standing there in the corner with the dunce cap on,
[50:32.000 --> 50:35.000]  because they don't know for sure.
[50:35.000 --> 50:41.000]  Even the people in the top 1% don't know for sure when the turn will actually come.
[50:41.000 --> 50:44.000]  All they can do is hedge their bets like everybody else.
[50:44.000 --> 50:51.000]  They just have a lot more money to do it with than unlimited amount.
[50:51.000 --> 50:58.000]  I think that the underlying issue here is both of these metals are invaluable
[50:58.000 --> 51:03.000]  for their physical properties and for their relationship historically
[51:03.000 --> 51:07.000]  to being an honest medium of exchange,
[51:07.000 --> 51:12.000]  because you can't have modern-day electronics without these metals,
[51:12.000 --> 51:16.000]  I mean, much more silver.
[51:16.000 --> 51:20.000]  They have an inherent value in the future to them all by themselves.
[51:20.000 --> 51:25.000]  And we don't have the capacity to mint an unlimited supply of gold and silver
[51:25.000 --> 51:28.000]  like we can with fiat currency.
[51:28.000 --> 51:33.000]  So the outward price is destined to go up.
[51:33.000 --> 51:41.000]  And I keep hearing, and I love this, gold is in a bubble, Mike, as it's gone up.
[51:41.000 --> 51:47.000]  It was pathetically undervalued in the year 2002,
[51:47.000 --> 51:54.000]  when both gold and silver hit their almost all-time lows for the last 30 years.
[51:54.000 --> 52:00.000]  If you want to say that today's prices are much more aligned with reality,
[52:00.000 --> 52:02.000]  that doesn't make anything a bubble.
[52:02.000 --> 52:06.000]  What makes it a bubble is you go to a party,
[52:06.000 --> 52:10.000]  and half the people at the party bring up gold and silver one time at least
[52:10.000 --> 52:12.000]  before they leave the party.
[52:12.000 --> 52:15.000]  That means it's a general consensus.
[52:15.000 --> 52:20.000]  That means that there's a lot more connectivity in the flock of birds
[52:20.000 --> 52:25.000]  that they're about to make another turn.
[52:25.000 --> 52:27.000]  I know a lot of people,
[52:27.000 --> 52:32.000]  and I know very few people who actually own gold and silver.
[52:32.000 --> 52:36.000]  Most of them still have a whole cornucopia of different reasons
[52:36.000 --> 52:40.000]  of why they don't need to buy it.
[52:40.000 --> 52:42.000]  Oh, it's in a bubble, it's this, it's that.
[52:42.000 --> 52:44.000]  Yeah, that's wonderful.
[52:44.000 --> 52:49.000]  When I start seeing the point-of-sale display at my local bookstore,
[52:49.000 --> 52:55.000]  when I first walk in the building saying how to make my first million dollars
[52:55.000 --> 52:59.000]  buying gold and silver, how to trade gold and silver on eBay,
[52:59.000 --> 53:03.000]  how to buy coins, how to do art spreads on this stuff,
[53:03.000 --> 53:07.000]  when we see that, we're in the game.
[53:07.000 --> 53:11.000]  Not necessarily in the ninth inning, but we're definitely in the game.
[53:11.000 --> 53:15.000]  I don't see anybody rationally talking about this yet,
[53:15.000 --> 53:19.000]  which means not only are we not in a bubble by definition,
[53:19.000 --> 53:24.000]  we're nowhere near the end of this.
[53:24.000 --> 53:33.000]  Putting a price on gold and silver in a hyperinflation is mathematically impossible.
[53:33.000 --> 53:37.000]  In Weimar, Germany, before the runaway began,
[53:37.000 --> 53:43.000]  and now this is just a crude example, I don't have the sheet in front of me.
[53:43.000 --> 53:48.000]  But as the hyperinflation was just entering like the first inning in Germany,
[53:48.000 --> 53:52.000]  let's say it took 100 marks to buy an ounce of gold.
[53:52.000 --> 53:58.000]  At the end of the hyperinflation, before everybody realized the futility of it,
[53:58.000 --> 54:06.000]  it would take a trillion marks to buy an ounce of gold.
[54:06.000 --> 54:09.000]  If we were to put that in the United States dollars terms,
[54:09.000 --> 54:18.000]  imagine an ounce of gold being worth $100 million, $200, $300 billion.
[54:18.000 --> 54:21.000]  Well, what's that make a dollar worth?
[54:21.000 --> 54:26.000]  Nothing, like it is today, nothing.
[54:26.000 --> 54:28.000]  It's what we perceive its value to be,
[54:28.000 --> 54:34.000]  and the confidence that we have behind it is the reason that the number doesn't fluctuate violently.
[54:34.000 --> 54:35.000]  And we're going to see that.
[54:35.000 --> 54:41.000]  We're going to see that one of my favorite gold commentators is Jim Sinclair.
[54:41.000 --> 54:50.000]  Jim said, oh, that the game's afoot when we start seeing $100-plus swings every day in the gold market.
[54:50.000 --> 54:52.000]  We're not there yet.
[54:52.000 --> 55:00.000]  We've seen some big ones, but we don't see it up 100, down 70, up 30, down 100.
[55:00.000 --> 55:11.000]  We're going to see that, because that's going to be the last gasp of the system versus the system as we're going to get,
[55:11.000 --> 55:16.000]  because as things try to equalize themselves, there's got to be a way for that to happen,
[55:16.000 --> 55:20.000]  and people are going to have to find some kind of resourceful number.
[55:20.000 --> 55:27.000]  The COMEX, the NYMAX, the London Bullion Association,
[55:27.000 --> 55:31.000]  these people set paper targets on gold and silver.
[55:31.000 --> 55:35.000]  Go on eBay and check out what the real world is paying for.
[55:35.000 --> 55:44.000]  If I'm a wealthy man and I can go and order up 100,000 ounces of silver, I'm going to get a good deal, okay?
[55:44.000 --> 55:50.000]  If I'm Joe or Susie Lunchbox and I want to buy three ounces of silver this month,
[55:50.000 --> 55:54.000]  because that's what I can take out of my discretionary income,
[55:54.000 --> 56:00.000]  I'm going to blow off a couple happy meals or movies or maybe a dinner out or something.
[56:00.000 --> 56:07.000]  I'll give that up so I can keep contributing to my silver stash, my real savings.
[56:07.000 --> 56:12.000]  Well, if you're only buying a couple ounces, you're going to get gouged.
[56:12.000 --> 56:17.000]  But gouged in what methodology and what metric?
[56:17.000 --> 56:23.000]  Are we going to say that I had to pay a 20 percent premium for that coin I bought?
[56:23.000 --> 56:30.000]  If I'm buying it today and I know what the ruination of the value of my money is going to be a year or three years from now,
[56:30.000 --> 56:34.000]  well, who cares about the premium? It's irrelevant.
[56:34.000 --> 56:43.000]  Because when the mass turns, when that flock of birds heads directly for the vault,
[56:43.000 --> 56:47.000]  you're going to see prices that have no relevance.
[56:47.000 --> 56:52.000]  You're going to see the offers with no bid.
[56:52.000 --> 56:54.000]  I'm sorry, I have that reversed.
[56:54.000 --> 56:59.000]  You're going to see people bidding up whatever price they could imagine or they have,
[56:59.000 --> 57:05.000]  and there won't be people who are necessarily willing to let go at that price.
[57:05.000 --> 57:08.000]  So could we see $100,000 an ounce gold?
[57:08.000 --> 57:09.000]  Yes.
[57:09.000 --> 57:13.000]  Could we see $700 an ounce gold again?
[57:13.000 --> 57:17.000]  Maybe not, but possibly.
[57:17.000 --> 57:25.000]  We're going to see wild oscillations in the price until the public wakes up.
[57:25.000 --> 57:30.000]  And the fastest way to make the public wake up, if it was my money,
[57:30.000 --> 57:33.000]  and again, I have no license to give financial advice,
[57:33.000 --> 57:37.000]  but I can tell you and share what I would do for myself,
[57:37.000 --> 57:43.000]  and then you've got to roll the dice on your own because you're an adult.
[57:43.000 --> 57:47.000]  I would never personally, for myself and my family,
[57:47.000 --> 57:56.000]  I would never purchase one share of an exchange traded fund like GLDSLV.
[57:56.000 --> 58:03.000]  I would never put any money of mine into what would be a publicly traded pool
[58:03.000 --> 58:09.000]  because that doesn't necessarily reflect actual silver and gold stock.
[58:09.000 --> 58:11.000]  The money's not there.
[58:11.000 --> 58:15.000]  Your last story breaks someday.
[58:15.000 --> 58:17.000]  All right, I hear music.
[58:17.000 --> 58:20.000]  Indeed, we're at the top of the hour break.
[58:20.000 --> 58:23.000]  All right, we've got one more hour with Steve, the financial analyst.
[58:23.000 --> 58:28.000]  We've got a few more questions from Bill and Eddie and myself.
[58:28.000 --> 58:35.000]  We'll be back on the other side after the Einon World News Report.
[58:35.000 --> 59:01.000]  We'll be right back.
[59:01.000 --> 59:06.000]  It's so enlightening to listen to 90.1 FM, but finding things on the Internet isn't so easy,
[59:06.000 --> 59:09.000]  and neither is finding like-minded people to share it with.
[59:09.000 --> 59:12.000]  Oh, well, I guess you haven't heard of Brave New Books then.
[59:12.000 --> 59:13.000]  Brave New Books?
[59:13.000 --> 59:17.000]  Yes, Brave New Books has all the books and DVDs you're looking for
[59:17.000 --> 59:20.000]  by authors like Alex Jones, Ron Paul, and G. Edward Griffin.
[59:20.000 --> 59:24.000]  They even stock inner food, Berkey products, and Calvin Soaps.
[59:24.000 --> 59:27.000]  There's no way a place like that exists.
[59:27.000 --> 59:28.000]  Go check it out for yourself.
[59:28.000 --> 59:32.000]  It's downtown at 1904 Guadalupe Street just south of UT.
[59:32.000 --> 59:36.000]  By UT, there's never anywhere to park down there.
[59:36.000 --> 59:38.000]  Actually, they now offer a free hour of parking
[59:38.000 --> 59:43.000]  for paying customers at the 500 MLK parking facility just behind the bookstore.
[59:43.000 --> 59:47.000]  It does exist, but when are they open?
[59:47.000 --> 59:52.000]  Monday through Saturday, 11 AM to 9 PM, and 1 to 6 PM on Sundays.
[59:52.000 --> 59:56.000]  So give them a call at 512-480-2503,
[59:56.000 --> 01:00:00.000]  or check out their events page at bravenewbookstore.com.
[01:00:00.000 --> 01:00:05.000]  This news brief brought to you by the International News Net.
[01:00:05.000 --> 01:00:10.000]  NATO on Thursday renewed a call on the Netherlands to keep its troops in Afghanistan.
[01:00:10.000 --> 01:00:15.000]  The move by NATO comes after last week's Dutch parliamentary election
[01:00:15.000 --> 01:00:17.000]  held to replace the government that collapsed
[01:00:17.000 --> 01:00:20.000]  over proposed extension of troops in Afghanistan.
[01:00:20.000 --> 01:00:24.000]  The new parliament, however, is open to respond to foreign military strikes
[01:00:24.000 --> 01:00:28.000]  because Iraq has no army, no air force, and no clear foreign policy.
[01:00:28.000 --> 01:00:31.000]  Allawi said there is a political vacuum in Iraq
[01:00:31.000 --> 01:00:35.000]  and that it is important to expedite the formation of a new government.
[01:00:35.000 --> 01:00:39.000]  But he says, quote, I think we are still far away from this.
[01:00:39.000 --> 01:00:43.000]  In a recent poll, Muslims around the globe remain uneasy
[01:00:43.000 --> 01:00:45.000]  about the U.S. and President Barack Obama.
[01:00:45.000 --> 01:00:49.000]  The poll conducted by the Pew Global Attitudes Project
[01:00:49.000 --> 01:00:53.000]  found among seven countries with substantial Muslim populations,
[01:00:53.000 --> 01:00:57.000]  the U.S. was seen favorably in Egypt, Turkey, and Pakistan
[01:00:57.000 --> 01:01:00.000]  by 17 percent and 21 percent in Jordan.
[01:01:00.000 --> 01:01:04.000]  The U.S.'s positive rating was 52 percent in Lebanon,
[01:01:04.000 --> 01:01:08.000]  59 percent in Indonesia, and 81 percent in Nigeria.
[01:01:08.000 --> 01:01:12.000]  This news brief brought to you by the International News Net.
[01:01:12.000 --> 01:01:18.000]  Japan's current prime minister, Naoto Kahn, was quoted saying in a recently published book
[01:01:18.000 --> 01:01:21.000]  that Okinawa should become independent from Japan.
[01:01:21.000 --> 01:01:27.000]  Kahn's comments were a response to issues surrounding the occupation of U.S. bases on the island.
[01:01:27.000 --> 01:01:33.000]  Kahn said the issues are, quote, too heavy and he would rather not touch it.
[01:01:33.000 --> 01:01:38.000]  Okinawa should just become independent and that negotiations to remove the U.S. bases
[01:01:38.000 --> 01:01:41.000]  and the prefecture aren't resolvable.
[01:01:41.000 --> 01:01:47.000]  Chief Cabinet Security Yoshito Sengoku refused Wednesday to comment on the matter,
[01:01:47.000 --> 01:01:50.000]  saying he hadn't read the passages in question.
[01:01:50.000 --> 01:01:55.000]  The book entitled Okinawa's Right to Autonomy was written by Chokichi Kina,
[01:01:55.000 --> 01:01:59.000]  a member of the Democratic Party of Japan, and published on May 31st.
[01:01:59.000 --> 01:02:03.000]  This news brief brought to you by the International News Net.
[01:02:03.000 --> 01:02:08.000]  The U.S. Army Space and Missile Defense Command has awarded a $517 million,
[01:02:08.000 --> 01:02:11.000]  five-year contract to Northrop Grumman.
[01:02:11.000 --> 01:02:18.000]  The contract is to build up to three blimps like the Long Endurance Multi-Intelligence Vehicle.
[01:02:18.000 --> 01:02:23.000]  The airship is the latest weapon against insurgents in Iraq and Afghanistan.
[01:02:23.000 --> 01:02:28.000]  It is the size of a football field with a shell made of a soft fabric.
[01:02:28.000 --> 01:02:34.000]  The craft would carry about 2,500 pounds of gear such as video, radar, and sight sensors
[01:02:34.000 --> 01:02:40.000]  and stay deployed for 21 days and 20,000 feet from the ground.
[01:02:40.000 --> 01:02:44.000]  It can be piloted or function as an unmanned vehicle.
[01:02:44.000 --> 01:02:47.000]  The shell has a protected lifespan of at least five years.
[01:02:47.000 --> 01:02:54.000]  Company officials say the first one should be floating over the skies of Afghanistan in about 18 months.
[01:02:54.000 --> 01:03:20.000]  This news brief brought to you by the International News Net.
[01:03:20.000 --> 01:03:37.000]  This news brief brought to you by the International News Net.
[01:03:37.000 --> 01:03:51.000]  This news brief brought to you by the International News Net.
[01:03:51.000 --> 01:04:08.000]  This news brief brought to you by the International News Net.
[01:04:08.000 --> 01:04:22.000]  This news brief brought to you by the International News Net.
[01:04:22.000 --> 01:04:39.000]  This news brief brought to you by the International News Net.
[01:04:39.000 --> 01:04:55.000]  This news brief brought to you by the International News Net.
[01:04:55.000 --> 01:05:06.000]  All right, we will occupy our father's house and do the best we can to be good stewards through him, for him, for his house here on this earth.
[01:05:06.000 --> 01:05:15.000]  Okay, we're talking about the metals market now, and we're discussing questions that Dr. Bill Vieth and I have concerning the triggers
[01:05:15.000 --> 01:05:24.000]  that will make these spot metals prices go crazy to reach the historical ratio between gold and silver and beyond
[01:05:24.000 --> 01:05:28.000]  and even parity and beyond as far as silver.
[01:05:28.000 --> 01:05:36.000]  And Bill was asking concerning, is it your opinion regarding the naked shorting of the gold and silver markets?
[01:05:36.000 --> 01:05:46.000]  Will that end when the buyers who are long buyers demand physical delivery or will it end when there's a manufacturing need
[01:05:46.000 --> 01:05:55.000]  and there's such a lack of physical in the market where, you know, because manufacturers have to have it?
[01:05:55.000 --> 01:06:05.000]  Or what are the other triggers that will cause the prices to go up and for things to correct themselves in the market?
[01:06:05.000 --> 01:06:08.000]  Oh, well, that's a lot of questions.
[01:06:08.000 --> 01:06:11.000]  The simple answer is going to be this.
[01:06:11.000 --> 01:06:14.000]  Confidence will set the price.
[01:06:14.000 --> 01:06:22.000]  As confidence erodes, we're going to see more and more people on an hourly, daily basis saying,
[01:06:22.000 --> 01:06:25.000]  I want less paper, I want more tangible.
[01:06:25.000 --> 01:06:29.000]  Historic tangible has been gold and silver.
[01:06:29.000 --> 01:06:38.000]  The whole naked shorting thing, there's a lot of very unique debate going on about that very topic right now.
[01:06:38.000 --> 01:06:42.000]  Let's try to keep it real, okay, because I don't want to touch conspiracy.
[01:06:42.000 --> 01:06:44.000]  I don't want to touch unknown facts.
[01:06:44.000 --> 01:06:50.000]  I don't want to touch anything outside the realm of what just makes more sense, okay?
[01:06:50.000 --> 01:06:55.000]  We have Guido the Killer Pimp running the whole show.
[01:06:55.000 --> 01:07:01.000]  Guido the Killer Pimp is not about on any circumstance to let go of his reigns of power, period.
[01:07:01.000 --> 01:07:08.000]  So if anybody out there is expecting a fair and balanced hearing into the four majors who are holding,
[01:07:08.000 --> 01:07:15.000]  like, 85 percent of all the shorts in the market right now, well, Santa's coming.
[01:07:15.000 --> 01:07:19.000]  Don't worry, it's only a couple more months, okay?
[01:07:19.000 --> 01:07:21.000]  That's never going to change.
[01:07:21.000 --> 01:07:23.000]  You're never going to see that.
[01:07:23.000 --> 01:07:25.000]  That's an unrealistic thing.
[01:07:25.000 --> 01:07:30.000]  In the United States of America right now, if you take the NYMEX and the COMEX and put them together,
[01:07:30.000 --> 01:07:41.000]  we have, like, 250, 270 million ounces of silver allegedly on supply with 300 million people.
[01:07:41.000 --> 01:07:50.000]  So if you want to just put it in reality, how real is it to say if every single man, woman, and child,
[01:07:50.000 --> 01:07:59.000]  and illegal wanted one ounce of silver, right now at tonight's price we're talking about $20, okay?
[01:07:59.000 --> 01:08:10.000]  Even people I know that are really struggling, if they had to, could divert $20 and buy an ounce of silver.
[01:08:10.000 --> 01:08:14.000]  The key here is there's not enough silver for every man, woman, child,
[01:08:14.000 --> 01:08:21.000]  and illegal in the United States of America to obtain one ounce of silver.
[01:08:21.000 --> 01:08:28.000]  Well, according to the numbers I've seen, and they fluctuate, the average American makes between,
[01:08:28.000 --> 01:08:32.000]  like, I've seen 40,000, I've seen 52,000.
[01:08:32.000 --> 01:08:34.000]  So let's just call it 40.
[01:08:34.000 --> 01:08:36.000]  I make $40,000.
[01:08:36.000 --> 01:08:37.000]  I pay my taxes.
[01:08:37.000 --> 01:08:38.000]  I do my thing.
[01:08:38.000 --> 01:08:41.000]  I'm left with whatever pittance I'm allowed to have left.
[01:08:41.000 --> 01:08:46.000]  $20 is not a big deal.
[01:08:46.000 --> 01:08:53.000]  And to say that there's less silver available for us in the United States right now tonight,
[01:08:53.000 --> 01:08:59.000]  every man, woman, and child could not actually buy one because there's not enough to give it to them,
[01:08:59.000 --> 01:09:02.000]  regardless of what price you put on it.
[01:09:02.000 --> 01:09:07.000]  That mathematically points to, ah, the price will be going up.
[01:09:07.000 --> 01:09:13.000]  Because, remember, we do not have the public aware yet that this is not a bubble.
[01:09:13.000 --> 01:09:14.000]  This is not a joke.
[01:09:14.000 --> 01:09:16.000]  This is the real deal.
[01:09:16.000 --> 01:09:25.000]  The metals and their prices are semi-irrelevant because the metal has one particular value above its chemical,
[01:09:25.000 --> 01:09:30.000]  medicinal, electrical, and other properties, malleability and all that stuff.
[01:09:30.000 --> 01:09:35.000]  It's a storehouse for value.
[01:09:35.000 --> 01:09:41.000]  It's a way that you could put something aside to guarantee the purchasing power you had today
[01:09:41.000 --> 01:09:45.000]  when you earned your money and paid your taxes and blah, blah, blah.
[01:09:45.000 --> 01:09:54.000]  The way to lock that in is to buy something you cannot debase, you cannot print away.
[01:09:54.000 --> 01:09:59.000]  And the public has no clue of this yet, trust me on that one.
[01:09:59.000 --> 01:10:04.000]  But when they start to wake up, there's a very finite amount of both gold and silver,
[01:10:04.000 --> 01:10:11.000]  much less silver than gold, and when Joe and Spizzy Lunchbox wake up and say,
[01:10:11.000 --> 01:10:15.000]  I want an ounce, what would ever happen?
[01:10:15.000 --> 01:10:17.000]  Now, really think about this.
[01:10:17.000 --> 01:10:20.000]  With what I just said since we came back from break,
[01:10:20.000 --> 01:10:32.000]  what do you think would actually happen if the average American said, I want 100 ounces?
[01:10:32.000 --> 01:10:40.000]  Katie bars the door, all hell is going to break loose because it's going to become a bidding war.
[01:10:40.000 --> 01:10:42.000]  I saw that in the property market.
[01:10:42.000 --> 01:10:51.000]  One of the best examples I've ever seen was a mobile home in California selling for $1.2 million
[01:10:51.000 --> 01:10:54.000]  because it was not a nice piece of property.
[01:10:54.000 --> 01:10:56.000]  It's a mobile home.
[01:10:56.000 --> 01:11:03.000]  Not that there's anything wrong with mobile homes, but how do you justify that being worth a million dollars?
[01:11:03.000 --> 01:11:07.000]  And don't tell me they're not making any more land because there's more land than we'll ever need.
[01:11:07.000 --> 01:11:09.000]  That's not the point.
[01:11:09.000 --> 01:11:11.000]  What's the perception of value at the moment?
[01:11:11.000 --> 01:11:13.000]  Right now, nobody cares.
[01:11:13.000 --> 01:11:18.000]  The prices are on the floor, even at $20.
[01:11:18.000 --> 01:11:21.000]  Are we going to see vacillations in the price?
[01:11:21.000 --> 01:11:22.000]  Yes.
[01:11:22.000 --> 01:11:28.000]  If we're going to see large ones, then they're going to become much, much more volatile than they are right now.
[01:11:28.000 --> 01:11:33.000]  In my opinion, I don't think we're ever going to see anything more than a show trial,
[01:11:33.000 --> 01:11:42.000]  a token, a few sacrificial lambs to throw under the bus of court of public opinion.
[01:11:42.000 --> 01:11:52.000]  Somebody will have to cough up some freedom to make it appear to the public that the powers that be are actually doing their job.
[01:11:52.000 --> 01:12:02.000]  When you see the show trials, when you see the tenet lady of the silver market thrown under the bus, we're in the third inning.
[01:12:02.000 --> 01:12:06.000]  We haven't gotten even that far yet.
[01:12:06.000 --> 01:12:09.000]  And I don't think we're even close to seeing the real values.
[01:12:09.000 --> 01:12:17.000]  I told Deborah over the break, I said right now in my best mathematical calculation, in tonight's money,
[01:12:17.000 --> 01:12:29.000]  a real world decent price, not real high, not real low, would be about $130 for an ounce of silver.
[01:12:29.000 --> 01:12:33.000]  You can't put that number into the average person's mind because they'll just laugh.
[01:12:33.000 --> 01:12:35.000]  It's a joke.
[01:12:35.000 --> 01:12:40.000]  There's huge imbalances here that have yet to be addressed, and until they are,
[01:12:40.000 --> 01:12:46.000]  the real value won't be as apparent to the average person as they are to somebody who's as boring as I am
[01:12:46.000 --> 01:12:50.000]  and just goes up for numbers all the time.
[01:12:50.000 --> 01:12:51.000]  But the numbers don't lie.
[01:12:51.000 --> 01:12:54.000]  People lie.
[01:12:54.000 --> 01:12:58.000]  So, Deborah, we have a limited amount of time left for tonight.
[01:12:58.000 --> 01:13:00.000]  I know you have more questions.
[01:13:00.000 --> 01:13:05.000]  I could go into that one a lot more, but I'm looking at 45 minutes.
[01:13:05.000 --> 01:13:07.000]  We've got three minutes to break.
[01:13:07.000 --> 01:13:12.000]  Is there any other part of that question you feel that I should be spending that three minutes on?
[01:13:12.000 --> 01:13:19.000]  Well, yes, I just wondered, what do you see as the triggers besides, you know, just like a mass awakening?
[01:13:19.000 --> 01:13:25.000]  I mean, will there be a shortage in the mining industry so that the manufacturers start freaking out?
[01:13:25.000 --> 01:13:33.000]  Or, you know, what could be some of the other possible triggers that you foresee in this area?
[01:13:33.000 --> 01:13:36.000]  Well, there's a ton of different ones.
[01:13:36.000 --> 01:13:45.000]  All of them have more to do with that court of public opinion, flock of birds thing than anything else.
[01:13:45.000 --> 01:13:50.000]  What is going to be the driving force, the trigger event that causes the awakening?
[01:13:50.000 --> 01:13:53.000]  It could be one of ten different things.
[01:13:53.000 --> 01:13:57.000]  But without focusing on any of them in particular, because they all have their weight,
[01:13:57.000 --> 01:14:03.000]  they all have their reality, and they all have a mathematical certainty to them.
[01:14:03.000 --> 01:14:06.000]  That's not the thing to get caught up on.
[01:14:06.000 --> 01:14:11.000]  You mean any one of these things could cause it?
[01:14:11.000 --> 01:14:13.000]  That's what you really want to focus on.
[01:14:13.000 --> 01:14:15.000]  Is it a loss of confidence?
[01:14:15.000 --> 01:14:17.000]  Is it the short squeeze?
[01:14:17.000 --> 01:14:19.000]  Is it the lack of capacity?
[01:14:19.000 --> 01:14:21.000]  Is it the awakening?
[01:14:21.000 --> 01:14:24.000]  Is it the overall value of the money?
[01:14:24.000 --> 01:14:27.000]  Yes, all of them.
[01:14:27.000 --> 01:14:28.000]  Are there more?
[01:14:28.000 --> 01:14:31.000]  Yes, and yes to them too.
[01:14:31.000 --> 01:14:36.000]  I guess I was just mainly wondering what the other ones would be.
[01:14:36.000 --> 01:14:41.000]  Well, if you gave me a couple of minutes to gather my thought, I could probably come up with five others.
[01:14:41.000 --> 01:14:46.000]  But if we just focused on the top three, you have loss of confidence,
[01:14:46.000 --> 01:14:53.000]  you have the availability of how much metal is available to both industry and coinage,
[01:14:53.000 --> 01:14:59.000]  and then you have the overall mathematics behind how many shorts are outstanding,
[01:14:59.000 --> 01:15:05.000]  and if people ever started truly saying, no, no, no, I don't want the paper, I don't want it in a vault,
[01:15:05.000 --> 01:15:09.000]  I'll take my two coins myself, thank you.
[01:15:09.000 --> 01:15:15.000]  Because frankly, if somebody broke into my home and I had two silver coins sitting on the kitchen counter,
[01:15:15.000 --> 01:15:24.000]  at 20 bucks an ounce, walk right past them and go grab my cappuccino machine or anything else,
[01:15:24.000 --> 01:15:26.000]  because the numbers don't jive.
[01:15:26.000 --> 01:15:32.000]  Why would somebody even pick up two naked coins sitting on the counter waiting to be picked up
[01:15:32.000 --> 01:15:37.000]  when there's other things that if they're going to grab one thing, they would take 50 other things first?
[01:15:37.000 --> 01:15:42.000]  So that realization, that awakening, that's the larger trigger in general,
[01:15:42.000 --> 01:15:46.000]  that something is wrong with the paper, no matter which way you paint it,
[01:15:46.000 --> 01:15:51.000]  every Ponzi scheme is coming to an apex at the same time.
[01:15:51.000 --> 01:15:59.000]  And how the cycle's on play is the greatest danger, because I hear many economists, different analysts,
[01:15:59.000 --> 01:16:03.000]  talking about gold is going to 10,000.
[01:16:03.000 --> 01:16:05.000]  Yeah, sure.
[01:16:05.000 --> 01:16:10.000]  But it's going to see all sorts of different prices higher and lower before it gets there.
[01:16:10.000 --> 01:16:19.000]  And by the time it gets to 5,000, the country we live in will bear very little semblance to the country we see then,
[01:16:19.000 --> 01:16:24.000]  because you're going to see some real sociological problems,
[01:16:24.000 --> 01:16:29.000]  because the numbers are going to reflect the real problem we have,
[01:16:29.000 --> 01:16:42.000]  which is everything that we know about money and numbers relating to money is a lie.
[01:16:42.000 --> 01:16:44.000]  All right, very well.
[01:16:44.000 --> 01:16:48.000]  All right, we're here with our good friend Steve, the financial analyst.
[01:16:48.000 --> 01:16:51.000]  We will be right back after this short break.
[01:16:51.000 --> 01:17:02.000]  The Rule of Law.
[01:17:02.000 --> 01:17:09.000]  Capital Coin and Bullion is your local source for rare coins, precious metals, and coin supplies in the Austin metro area.
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[01:17:17.000 --> 01:17:24.000]  We buy, sell, trade, and consign rare coins, gold and silver coin collections, precious metals, and scrap gold.
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[01:18:03.000 --> 01:18:25.000]  Come on.
[01:18:25.000 --> 01:18:36.000]  If I can't get everything I want, can I get a range?
[01:18:36.000 --> 01:18:47.000]  If I can't get everything I need, can I get a range?
[01:18:47.000 --> 01:18:59.000]  If the people of the world can't get happiness and peace, can I get a range?
[01:18:59.000 --> 01:19:22.000]  If we can't get all these crazy wars to cease, can I get a range?
[01:19:22.000 --> 01:19:33.000]  Looking for a little bitty smidge in the hole, could I get a range check?
[01:19:33.000 --> 01:19:44.000]  I want to reach the top of the hill, sliding on a slippery slope, looking for a range check, yeah.
[01:19:44.000 --> 01:19:56.000]  Can I get away from all this sorrow, can I get a range check?
[01:19:56.000 --> 01:20:25.000]  Can I get away from all this sadness, can I get a range check?
[01:20:25.000 --> 01:20:30.000]  Okay, we're here with our good friend Steve, the financial analyst.
[01:20:30.000 --> 01:20:37.000]  All right, and before we go into the BP disaster and how that's going to affect the metals market and the economy,
[01:20:37.000 --> 01:20:46.000]  I just wanted to briefly ask you, Bill had one other question concerning store hold of what you've got already
[01:20:46.000 --> 01:20:50.000]  versus actually an investment regarding purchasing metals.
[01:20:50.000 --> 01:20:59.000]  And Bill wanted to know that is it true that because of the heavy manipulation of the metals prices in the marketplace,
[01:20:59.000 --> 01:21:05.000]  does that have the effect of making metals purchases actually an investment
[01:21:05.000 --> 01:21:11.000]  rather than just protecting what you already have?
[01:21:11.000 --> 01:21:16.000]  It's kind of a loaded question because, again, I can't give financial advice.
[01:21:16.000 --> 01:21:21.000]  So we're talking about investments, that's a real tightrope for me.
[01:21:21.000 --> 01:21:26.000]  The easy way I can get around that is to say it this way.
[01:21:26.000 --> 01:21:35.000]  Back in 2002, 2000 to 2002, I was telling everybody I knew, family and friends-wise,
[01:21:35.000 --> 01:21:38.000]  hey, gold and silver are a great deal, you have to think about this.
[01:21:38.000 --> 01:21:41.000]  I got laughed at openly.
[01:21:41.000 --> 01:21:54.000]  Now, spin back the clock, you know, on September 11, 2001 to September 11, 2010, or in 2009,
[01:21:54.000 --> 01:21:58.000]  the Dow Jones was basically the same price.
[01:21:58.000 --> 01:22:04.000]  So over the entire time period, the value of your investment was a goose egg, you got nothing.
[01:22:04.000 --> 01:22:07.000]  If you adjust for inflation, you lost a lot of money
[01:22:07.000 --> 01:22:12.000]  because it costs more Federal Reserve notes to buy the average same stuff
[01:22:12.000 --> 01:22:16.000]  unless you're talking about computers.
[01:22:16.000 --> 01:22:24.000]  The interesting thing is as an investment, gold and silver have been stellar performers for this decade.
[01:22:24.000 --> 01:22:30.000]  As far as I'm aware, seem to be blowing the doors off of basically any other asset class
[01:22:30.000 --> 01:22:33.000]  running over the same amount of time.
[01:22:33.000 --> 01:22:40.000]  So in that aspect alone, if you had been invested in metals back in 2002 until tonight,
[01:22:40.000 --> 01:22:48.000]  your investment has been one of the best in the world as far as return on your capital,
[01:22:48.000 --> 01:22:52.000]  more so than what your standard of living increases would have been.
[01:22:52.000 --> 01:22:56.000]  So that would have been a profitable investment.
[01:22:56.000 --> 01:23:02.000]  The purchasing power protection, obviously there always will be.
[01:23:02.000 --> 01:23:09.000]  Will that fluctuate while a smoking hot deal versus, yeah, that's okay, it just barely made it?
[01:23:09.000 --> 01:23:11.000]  That part's not going to go away.
[01:23:11.000 --> 01:23:19.000]  Going into the future, the investment aspect of it, if you're looking for profit,
[01:23:19.000 --> 01:23:22.000]  you're not exactly barking up the same tree I am.
[01:23:22.000 --> 01:23:28.000]  Could it be? Oh, yeah, it really could go ballistic from here
[01:23:28.000 --> 01:23:34.000]  once the general public wakes up to the facts, not the mythology.
[01:23:34.000 --> 01:23:38.000]  But until that occurs, which could be at any moment that you and I, again,
[01:23:38.000 --> 01:23:43.000]  guessing on which way the flock is going to head up in the air, we don't know.
[01:23:43.000 --> 01:23:48.000]  And anybody who says that they do know, they're deluding themselves.
[01:23:48.000 --> 01:23:52.000]  It's much more complicated than that.
[01:23:52.000 --> 01:23:56.000]  The investment aspect is really up to the individual,
[01:23:56.000 --> 01:24:02.000]  and then it's really going to have to be something that they decide, why am I doing this?
[01:24:02.000 --> 01:24:08.000]  If I heard one of my friends say, yeah, I bought the stuff because it's an investment,
[01:24:08.000 --> 01:24:15.000]  I don't care if you bought it because you said, ooh, it's pretty and shiny, ooh, I like the way they look,
[01:24:15.000 --> 01:24:19.000]  oh, it's an investment, oh, it's a hedge, oh, it's whatever.
[01:24:19.000 --> 01:24:23.000]  I'm going to nod my head and smile because in my heart I'm going to know,
[01:24:23.000 --> 01:24:33.000]  wow, you're one of the people who won't be annihilated, cool, and I know you, nice.
[01:24:33.000 --> 01:24:37.000]  Every individual is going to have their own valuation.
[01:24:37.000 --> 01:24:42.000]  So that investment or hedge is really between your own ears.
[01:24:42.000 --> 01:24:44.000]  How do you need to see it?
[01:24:44.000 --> 01:24:50.000]  If that's the way you need to see it, well, I'm not going to complain or argue.
[01:24:50.000 --> 01:24:55.000]  Now, you had some other stuff there, and I'm trying to move through these because you had some great stuff.
[01:24:55.000 --> 01:24:56.000]  Yes, yes, that's okay.
[01:24:56.000 --> 01:24:57.000]  No, you answered the question very well.
[01:24:57.000 --> 01:24:59.000]  Yeah, it has increased.
[01:24:59.000 --> 01:25:04.000]  It's not just a one-to-one kind of a situation of protection.
[01:25:04.000 --> 01:25:08.000]  Okay, we've got three more questions, one from me and two from Eddie.
[01:25:08.000 --> 01:25:13.000]  One of the questions is how is this BP disaster going to affect the dollar
[01:25:13.000 --> 01:25:17.000]  and the metals market and this whole situation?
[01:25:17.000 --> 01:25:23.000]  Immediately, we're going to see the same effect that we've seen since this thing began.
[01:25:23.000 --> 01:25:26.000]  We're looking at two months and running.
[01:25:26.000 --> 01:25:27.000]  What's changed?
[01:25:27.000 --> 01:25:34.000]  More oil is flowing out tonight than was when it first happened that we know.
[01:25:34.000 --> 01:25:42.000]  Nobody has any logical way of solving this problem because of the idiocy involved and greed involved.
[01:25:42.000 --> 01:25:46.000]  We caused something to happen that Pandora is out of the box.
[01:25:46.000 --> 01:25:52.000]  The genie is out of the bottle, and neither one of them are going back in.
[01:25:52.000 --> 01:26:01.000]  We drilled down miles, one mile through the water to get to the surface of the ground at the bottom of the water.
[01:26:01.000 --> 01:26:04.000]  Then we drilled miles into that.
[01:26:04.000 --> 01:26:10.000]  We tapped into stuff that is beyond human capacity for engineering.
[01:26:10.000 --> 01:26:22.000]  I'm not aware of anybody knowing how to deal with 6,800,000 psi pressure and contain it.
[01:26:22.000 --> 01:26:24.000]  We don't have the capacity for that.
[01:26:24.000 --> 01:26:28.000]  I keep hearing, well, if we have to, we'll light off a nuke.
[01:26:28.000 --> 01:26:30.000]  Oh, are you kidding me?
[01:26:30.000 --> 01:26:35.000]  Okay, I'm damned if I do, and I'm double damned if I don't.
[01:26:35.000 --> 01:26:40.000]  We have no idea what's going to happen if we light off a nuke down there.
[01:26:40.000 --> 01:26:45.000]  How is that going to affect metals prices?
[01:26:45.000 --> 01:26:52.000]  Well, every hour that that thing is going, death is coming.
[01:26:52.000 --> 01:26:54.000]  How much oil is out there?
[01:26:54.000 --> 01:26:55.000]  It's already washing up.
[01:26:55.000 --> 01:27:05.000]  I pulled up, what is it, IntelliCast is a website I use for radar for weather.
[01:27:05.000 --> 01:27:11.000]  IntelliCast has an oil monitoring page or link on their site.
[01:27:11.000 --> 01:27:19.000]  You go there and you look at the actual satellite, you can see black and brown crap already on the shoreline,
[01:27:19.000 --> 01:27:25.000]  visible from satellite, and it's not fixed.
[01:27:25.000 --> 01:27:35.000]  We have what we know is 50 to 80 percent of the oil is still in a giant blob way down deep below the surface of the water.
[01:27:35.000 --> 01:27:42.000]  If they cap that thing off tomorrow night, we're looking at massive destruction of tourism,
[01:27:42.000 --> 01:27:46.000]  and the entire Gulf is going the way of the dodo bird.
[01:27:46.000 --> 01:27:47.000]  For how long?
[01:27:47.000 --> 01:27:48.000]  Don't know.
[01:27:48.000 --> 01:27:52.000]  I wouldn't blow my mind if it was five to 20 years.
[01:27:52.000 --> 01:27:54.000]  What's that going to do to real estate value?
[01:27:54.000 --> 01:27:57.000]  Well, there's more depression coming.
[01:27:57.000 --> 01:28:01.000]  What's that going to do to the price of seafood protein?
[01:28:01.000 --> 01:28:14.000]  Name your price, because there's a major portion of the American diet that comes out of the Gulf, $230 to $250 billion a year worth.
[01:28:14.000 --> 01:28:24.000]  There's fishing bans and trolling bans and all these other bans going on in the sweet spot of the fruit-bearing fruit basket of the Gulf of Mexico.
[01:28:24.000 --> 01:28:26.000]  That's a potential disaster.
[01:28:26.000 --> 01:28:30.000]  If we don't fix this, it's going to wrap itself around the southern tip.
[01:28:30.000 --> 01:28:40.000]  We're going to take the transatlantic ocean current and eventually push this stuff by the time it gets up to about North Carolina.
[01:28:40.000 --> 01:28:51.000]  So we're talking about flooding the coast all the way from Texas around Florida, north around the eastern side of the peninsula,
[01:28:51.000 --> 01:28:59.000]  and up as far as the North Carolinas before it starts heading over towards Europe.
[01:28:59.000 --> 01:29:01.000]  And that's where it's all headed.
[01:29:01.000 --> 01:29:06.000]  How much of this stuff is going to actually be contributing to the death of the seabed?
[01:29:06.000 --> 01:29:08.000]  I don't know.
[01:29:08.000 --> 01:29:10.000]  I really don't.
[01:29:10.000 --> 01:29:23.000]  I know that the amount of seafood available every hour that this thing is belching out a two-foot diameter column at 100,000 psi of toxins,
[01:29:23.000 --> 01:29:33.000]  gases, iron ore, crude oil, methane, you name it, none of this stuff is conducted to sea life.
[01:29:33.000 --> 01:29:37.000]  And that's going to put enormous pressures on food.
[01:29:37.000 --> 01:29:46.000]  And if the cost of your food goes up while your house goes down, welcome to hyperinflationary depression.
[01:29:46.000 --> 01:29:47.000]  It sucks.
[01:29:47.000 --> 01:29:52.000]  No easy answer there.
[01:29:52.000 --> 01:29:54.000]  All right, we will be right back on the other side.
[01:29:54.000 --> 01:30:00.000]  We've got a half an hour left with Steve.
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[01:31:01.000 --> 01:31:24.000]  I see a tool, I see a tool, every time the other person has a tool. I see tools of ingenuity, used against the workers of iniquity. Tools of massive capability, available for all eternity.
[01:31:24.000 --> 01:31:37.000]  They come from natural amenity, with step-by-step rules and authenticity. Tools to re-genignity, rebuild crime and obesity.
[01:31:37.000 --> 01:31:50.000]  And I say, truth in nature must be justice, I believe. Truth in nature must be justice.
[01:31:50.000 --> 01:32:00.000]  I know it's a daunting task, at least I got the key to see the eyes of tomorrow to just take off the silly mask.
[01:32:00.000 --> 01:32:25.000]  Now in the light of day we are well advised to use tools of ingenuity, used against the workers of iniquity. Tools of ingenuity, used against the workers of iniquity.
[01:32:31.000 --> 01:32:37.000]  Okay, we are back. We've got a half an hour left with our good friend Steve, the financial analyst.
[01:32:37.000 --> 01:32:49.000]  And we're discussing the BP disaster and how that could affect and how that obviously is going to affect the economy and prices of everything and concerning the prices of food.
[01:32:49.000 --> 01:33:02.000]  And Steve, you're saying that a third of the world's food protein comes from the ocean, so obviously it looks to me like this could cause the prices of everything to go up all around the world.
[01:33:02.000 --> 01:33:09.000]  And leading into that, I wanted to go into Eddie's questions concerning the Federal Reserve.
[01:33:09.000 --> 01:33:15.000]  And Steve, you were saying on the break, why audit them, just get rid of them.
[01:33:15.000 --> 01:33:24.000]  Well, it's the only logical thing. The reality is you're not going to get Guido the killer pimp to get on TV.
[01:33:24.000 --> 01:33:32.000]  Yes, I stole half of America's wealth. I'm sorry, I'll give it back.
[01:33:32.000 --> 01:33:35.000]  Well, so then how are we going to get rid of them?
[01:33:35.000 --> 01:33:44.000]  Well, you just basically, the only real way to do it is to basically provide an amnesty like we're talking about doing for all the illegals here.
[01:33:44.000 --> 01:33:51.000]  Yeah, there's laws on the books that say you can't come in here illegally, but since you're here, we'll grant you amnesty.
[01:33:51.000 --> 01:34:02.000]  The only way it's ever going to happen, and I know nobody's going to want to hear this, okay, is to say, yeah, we know that you guys ripped us off.
[01:34:02.000 --> 01:34:17.000]  We're not going to pursue you, we'll let you slide, if we can dismantle the Fed and go back to the Treasury actually being able to mint and produce money without interest.
[01:34:17.000 --> 01:34:24.000]  At least that would be fair and balanced and not a mathematical guarantee of insolvency.
[01:34:24.000 --> 01:34:33.000]  If that's what it took to get us back on track, even though I would personally like to see every one of them swinging from a lamp post in a fantasy kind of way,
[01:34:33.000 --> 01:34:45.000]  not recommending anybody even think about it, short of that, the only real way to make it happen would basically be giving a deal nobody could refuse,
[01:34:45.000 --> 01:34:56.000]  which is kind of, again, the mafia way. But if that's what it takes to get us back on track to being the United States of America, so be it.
[01:34:56.000 --> 01:35:13.000]  Because as long as we have a centralized bank that is not under the Treasury directly, that you cannot audit without a flash crash that is answerable to no one elected by no one and private,
[01:35:13.000 --> 01:35:19.000]  there is no solution. I don't care what you put on the table, how brilliant it is, whatever.
[01:35:19.000 --> 01:35:25.000]  There is no solution until that cancer has been removed.
[01:35:25.000 --> 01:35:33.000]  And as far as the BP thing goes, I'm going to just put this on the table.
[01:35:33.000 --> 01:35:43.000]  The amount of ass kissing I'm seeing right now going on with the current administration and British Petroleum is the most deplorable thing I've ever seen in my entire life.
[01:35:43.000 --> 01:35:49.000]  And I'm not a young man. It's deplorable.
[01:35:49.000 --> 01:35:59.000]  If the truth was out that people were really paying attention, the public outcry would be unfathomable.
[01:35:59.000 --> 01:36:09.000]  Why isn't there every single skimmer and floating device in the world in the Gulf of Mexico?
[01:36:09.000 --> 01:36:17.000]  When you look at this from an aerial view, the rig itself is unbelievably large.
[01:36:17.000 --> 01:36:23.000]  It makes an oil tanker parked up alongside of it look just average in size.
[01:36:23.000 --> 01:36:30.000]  And anybody who's ever seen an oil tanker, folks, it takes your breath away how big these things are.
[01:36:30.000 --> 01:36:36.000]  But you look at a back shot or a satellite view of like a little oil tanker sitting out in the Gulf of Mexico,
[01:36:36.000 --> 01:36:41.000]  and it looks like a grain of sand on your dining room table with all the leaves in it.
[01:36:41.000 --> 01:36:48.000]  It's almost not even relevant. Why isn't every ship in the world there?
[01:36:48.000 --> 01:36:56.000]  How much more proof do you need, folks, that the people running the show, our employees,
[01:36:56.000 --> 01:37:03.000]  need to be fired come the next election? What do you need?
[01:37:03.000 --> 01:37:12.000]  What has to hit you upside the head to realize there is no aspect of our entire system any longer that works?
[01:37:12.000 --> 01:37:21.000]  Nothing. None of it. When even the people who are in bed with each other don't even realize the damage
[01:37:21.000 --> 01:37:30.000]  they're doing to themselves and to their future offspring, all bets are off.
[01:37:30.000 --> 01:37:38.000]  What's that going to do for prices? Well, as soon as people realize the damage, name your price.
[01:37:38.000 --> 01:37:53.000]  But what's a lakeshore or beachfront ultra-luxury $10 million condo going to be worth when the beach is black?
[01:37:53.000 --> 01:38:04.000]  I'll bet not much. Or when the benzene concentration in the air is so high that the air itself is almost explosive.
[01:38:04.000 --> 01:38:10.000]  What's going to happen when there's a hurricane? We're supposed to be looking at a record amount
[01:38:10.000 --> 01:38:20.000]  because of the current temperature and current flows. NOAA is expecting real fireworks.
[01:38:20.000 --> 01:38:27.000]  This fire is how many actual tropical storms and real hurricanes we're expecting this year.
[01:38:27.000 --> 01:38:32.000]  Try to imagine a hurricane blowing through right now and putting up that kind of surge
[01:38:32.000 --> 01:38:37.000]  onto the beaches of wherever the hurricane hit.
[01:38:37.000 --> 01:38:45.000]  Steve, I'm concerned. I'm in Austin. I'm hundreds of miles from the Gulf, and I'm concerned.
[01:38:45.000 --> 01:38:53.000]  Well, I've heard evacuation plans, the whole Marshall Log thing, a lot of very valid stuff
[01:38:53.000 --> 01:38:59.000]  and some stuff that seems to be out there. But if you look at it on the whole,
[01:38:59.000 --> 01:39:06.000]  describe or give me some kind of definition of out there when we're talking about
[01:39:06.000 --> 01:39:16.000]  one of the largest cataclysmic human-caused accidents ever known to man, ever.
[01:39:16.000 --> 01:39:22.000]  There's no way to quantify this. We have no experience. We have no historical backdrop.
[01:39:22.000 --> 01:39:29.000]  We're in uncharted territory, except we don't have Spock to save the day.
[01:39:29.000 --> 01:39:34.000]  We have a jackass in the White House, and whether it's the current jackass or the previous one,
[01:39:34.000 --> 01:39:39.000]  it's irrelevant. We have somebody who's not really qualified to lead.
[01:39:39.000 --> 01:39:45.000]  They just know how to read really well, and they were allowed in.
[01:39:45.000 --> 01:39:50.000]  And what's going on in the Gulf? If this wasn't actually happening,
[01:39:50.000 --> 01:39:56.000]  if you wrote this in a book and you intended it to be a novel, it would be fascinating,
[01:39:56.000 --> 01:40:01.000]  but it would actually be more of a comedy than a novel.
[01:40:01.000 --> 01:40:04.000]  But this is real, and it's actually occurring, and it's still happening right now.
[01:40:04.000 --> 01:40:14.000]  As I'm talking to you, Deborah, a two-foot column at 100,000 psi belching toxin into the water,
[01:40:14.000 --> 01:40:19.000]  and we have no known way to shut it off or stop it.
[01:40:19.000 --> 01:40:23.000]  What's that going to do? It's going to rain hell on Earth.
[01:40:23.000 --> 01:40:29.000]  You're in Austin, Texas, 200 miles inland. Well, what if they evacuate 50 miles inland?
[01:40:29.000 --> 01:40:35.000]  Where are those people going to go? What are they going to have?
[01:40:35.000 --> 01:40:39.000]  Here, I have a rifle in my hand. Don't worry, I'm here from the government. I'm here to help.
[01:40:39.000 --> 01:40:45.000]  You must leave. Well, I don't want to go. You have to go.
[01:40:45.000 --> 01:40:50.000]  What if that ever occurs? What do you think is going to happen
[01:40:50.000 --> 01:40:57.000]  when the next actual Category 3, 4, or 5 hurricane comes in?
[01:40:57.000 --> 01:41:06.000]  Because even if they cap that thing off tonight, there's such a giant blob of crap floating around in the Gulf,
[01:41:06.000 --> 01:41:18.000]  you mix in 100-mile-an-hour winds and say goodbye, not like New Orleans. I mean, say goodbye to wherever it hits.
[01:41:18.000 --> 01:41:26.000]  Wherever the eye of that storm comes in, probably 30 to 50 miles on either side of it, say goodbye.
[01:41:26.000 --> 01:41:30.000]  How do you clean that up? You don't.
[01:41:30.000 --> 01:41:37.000]  We had 9-11. We're the most powerful, strongest, wealthiest, industrialized, smart country in the world.
[01:41:37.000 --> 01:41:43.000]  9-11, the terrorists, whoever they are, conspiracy or not, they kicked our ass.
[01:41:43.000 --> 01:41:48.000]  We still don't even have a rebuilt tower. We can't even get that right.
[01:41:48.000 --> 01:41:55.000]  New Orleans came in. They're still struggling to make it. How many years ago was that?
[01:41:55.000 --> 01:42:04.000]  How about an oil-induced blob of crap coming up who knows how far onto the shorelines?
[01:42:04.000 --> 01:42:10.000]  That area is a goner. Wherever it hits, it's goner.
[01:42:10.000 --> 01:42:14.000]  And where are all those people going to go? What are they going to have?
[01:42:14.000 --> 01:42:18.000]  I thought we're in a mild or a heavy recession.
[01:42:18.000 --> 01:42:22.000]  If you want to look at it in real terms, like John Williams from ShadowStats would,
[01:42:22.000 --> 01:42:29.000]  we're already in a depression, about to become hyperinflationary depression.
[01:42:29.000 --> 01:42:33.000]  What resources do these people have? What jobs do they have?
[01:42:33.000 --> 01:42:39.000]  What are they going to bring to the areas that they're forced to relocate to?
[01:42:39.000 --> 01:42:43.000]  This is a disaster. That's all by itself.
[01:42:43.000 --> 01:42:50.000]  Mix in the whole end-of-the-fiat thing, the Condratis winter, the end-of-the-monetary system,
[01:42:50.000 --> 01:42:56.000]  the over-bloatedness of everything, the quantification of everything.
[01:42:56.000 --> 01:42:58.000]  What else do you need, folks? What do you need?
[01:42:58.000 --> 01:43:05.000]  Do you need it to come up and smack you upside the head to actually realize that you better do something?
[01:43:05.000 --> 01:43:10.000]  Because if you're waiting for them to help you, you're dead.
[01:43:10.000 --> 01:43:17.000]  If you're waiting for them to come to the assistance and to give you the guidance you need, you are dead.
[01:43:17.000 --> 01:43:25.000]  Maybe not dead like bodily, physically, but dead on a whole bunch of other levels.
[01:43:25.000 --> 01:43:32.000]  This is the biggest wake-up call I've ever seen since the day I was born.
[01:43:32.000 --> 01:43:44.000]  What's it going to take? When do we change? When do we demand it? What's it going to take?
[01:43:44.000 --> 01:43:48.000]  All right. We got one more segment left with our good friend Steve, the financial analyst.
[01:43:48.000 --> 01:43:55.000]  We're going to take some questions from Eddie, and then we'll wrap it up at the end of the segment.
[01:43:55.000 --> 01:44:00.000]  We'll be right back.
[01:44:00.000 --> 01:44:05.000]  Are you being harassed by debt collectors with phone calls, letters, or even lawsuits?
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[01:44:46.000 --> 01:44:49.000]  or email michaelmears at yahoo.com.
[01:44:49.000 --> 01:44:57.000]  That's ruleoflawradio.com, or email m-i-c-h-a-e-l-m-i-r-r-a-s at yahoo.com
[01:44:57.000 --> 01:45:01.000]  to learn how to stop debt collectors now.
[01:45:01.000 --> 01:45:07.000]  You are listening to the Rule of Law Radio Network at ruleoflawradio.com,
[01:45:07.000 --> 01:45:11.000]  live free speech talk radio at its best.
[01:45:37.000 --> 01:46:06.000]  The people come down from the hill
[01:46:06.000 --> 01:46:17.000]  Into the city they will shuffle
[01:46:17.000 --> 01:46:25.000]  Many long nights, many strong thrills
[01:46:25.000 --> 01:46:31.000]  Land of comfort, land of scuffle
[01:46:31.000 --> 01:46:34.000]  It's hard to lose
[01:46:34.000 --> 01:46:36.000]  It's hard to lose
[01:47:05.000 --> 01:47:12.000]  So that they can once again get the people more under the thumb of government
[01:47:12.000 --> 01:47:22.000]  through the institution of something else along the lines of the New Deal through that implosion.
[01:47:22.000 --> 01:47:30.000]  Well, if you thought anything I've been saying so far tonight was negative, wait until you hear this one.
[01:47:30.000 --> 01:47:37.280]  Everything that we could ask for to see how badly can you remove the amount of money I
[01:47:37.280 --> 01:47:41.120]  have access to is already well underway.
[01:47:41.120 --> 01:47:50.280]  The money multipliers, the money supply is shrinking dramatically right now, even with
[01:47:50.280 --> 01:47:58.560]  all the artificial credit creation and debt that we can't pay anyway.
[01:47:58.560 --> 01:48:03.360]  We're already in a depression, you've heard me say that on probably every interview I've
[01:48:03.360 --> 01:48:05.200]  done yet.
[01:48:05.200 --> 01:48:10.480]  The only difference is everybody doesn't see it yet, there's the confidence rub.
[01:48:10.480 --> 01:48:18.480]  As far as where are we headed, there's never going to be an action of government that doesn't
[01:48:18.480 --> 01:48:20.720]  want more government.
[01:48:20.720 --> 01:48:28.440]  It needs to justify and vindicate itself to make some excuse for its current over bloated
[01:48:28.440 --> 01:48:30.280]  existence.
[01:48:30.280 --> 01:48:37.400]  How do you rationalize, I'm an employer and my employees on average make twice as much
[01:48:37.400 --> 01:48:41.360]  money as I do.
[01:48:41.360 --> 01:48:48.840]  The average income for a private sector American is one half of what it is for a public sector.
[01:48:48.840 --> 01:48:55.800]  Well, the public sector earns its gratis from tax receipts and payment through the government,
[01:48:55.800 --> 01:48:57.720]  income redistribution.
[01:48:57.720 --> 01:49:04.400]  How many people can you fleece to pay somebody else twice of what they got you fleeced for?
[01:49:04.400 --> 01:49:11.680]  Does that not mathematically sound like an impossibility right there immediately?
[01:49:11.680 --> 01:49:13.680]  Are we being set up for a depression?
[01:49:13.680 --> 01:49:14.680]  Yes.
[01:49:14.680 --> 01:49:15.680]  Are we in one already?
[01:49:15.680 --> 01:49:16.680]  Yes.
[01:49:16.680 --> 01:49:18.080]  Wait till it gets bad.
[01:49:18.080 --> 01:49:22.800]  We haven't seen anything yet, this is like the warm up to it.
[01:49:22.800 --> 01:49:30.160]  That's why I was making the comments before the last break, what is it going to take people?
[01:49:30.160 --> 01:49:35.360]  You can't do it through violence because that's what they're prepared for.
[01:49:35.360 --> 01:49:41.720]  It has to be unique and it has to be American and you still have to follow God's laws.
[01:49:41.720 --> 01:49:47.520]  Thou shall not kill, thou shall not covet thy neighbor's goods.
[01:49:47.520 --> 01:49:53.880]  The new deal, the whole Roosevelt grabbing power thing, come on, look around.
[01:49:53.880 --> 01:49:59.920]  Name something that isn't gaining power except for the average American.
[01:49:59.920 --> 01:50:06.800]  The new deal under the current administration is going to be the big raw deal.
[01:50:06.800 --> 01:50:08.640]  Nothing good will come from it.
[01:50:08.640 --> 01:50:11.440]  Nothing sustainable will come from it.
[01:50:11.440 --> 01:50:20.440]  It's a bionic band-aid generation 2.0 to apply to a bullet wound.
[01:50:20.440 --> 01:50:27.520]  Nothing's going to be fixed, nothing's going to happen, the patient will die.
[01:50:27.520 --> 01:50:32.360]  Anything that we're looking at as far as the economic stimulus, the money, the depression,
[01:50:32.360 --> 01:50:34.920]  the stuff, while underway, nothing's going to stop it.
[01:50:34.920 --> 01:50:36.720]  It's like an oil tanker.
[01:50:36.720 --> 01:50:40.360]  You're not going to just turn the wheel and watch the thing turn unless you're willing
[01:50:40.360 --> 01:50:41.980]  to be patient.
[01:50:41.980 --> 01:50:45.720]  Give it 20 miles, you'll change direction.
[01:50:45.720 --> 01:50:48.320]  The United States of America is that big.
[01:50:48.320 --> 01:50:54.080]  I've used that oil tanker analogy for the last decade because people say every day,
[01:50:54.080 --> 01:50:56.320]  Steve, I still have a job.
[01:50:56.320 --> 01:51:00.960]  Well, it's a recession when you have a job and your neighbor loses his job.
[01:51:00.960 --> 01:51:05.360]  It's a depression when you lost yours.
[01:51:05.360 --> 01:51:08.880]  I hear all the time, well, how could that ever get that bad?
[01:51:08.880 --> 01:51:14.440]  Won't they make that stop or how is that in their vested interest?
[01:51:14.440 --> 01:51:19.560]  If you're a bank and you have people that came to you with $10,000 in their pocket to
[01:51:19.560 --> 01:51:26.640]  buy a $100,000 house and you create money out of nothing and give them a loan based
[01:51:26.640 --> 01:51:30.120]  on their deposit, you got $10,000.
[01:51:30.120 --> 01:51:31.760]  You never had that before.
[01:51:31.760 --> 01:51:32.760]  That's a plus.
[01:51:32.760 --> 01:51:39.720]  How does a bank go bankrupt when they never had anything to begin with and it's all fractional
[01:51:39.720 --> 01:51:45.280]  reserve monkey business?
[01:51:45.280 --> 01:51:50.600]  If they wind up controlling and having everything because we run out of money to pay our property
[01:51:50.600 --> 01:51:59.600]  taxes, in the first depression, the lesser, not the current greater building depression,
[01:51:59.600 --> 01:52:04.320]  in the first depression, most people owned their homes.
[01:52:04.320 --> 01:52:06.740]  They didn't have mortgages.
[01:52:06.740 --> 01:52:13.840]  People back in the depression, if you had a second mortgage, you were not an industrial
[01:52:13.840 --> 01:52:15.000]  financial person.
[01:52:15.000 --> 01:52:17.640]  You were a looter.
[01:52:17.640 --> 01:52:22.560]  It's only in the last decade that being as high up in leverage to the maximum with debt
[01:52:22.560 --> 01:52:32.080]  and instruments have you become savvy and sophisticated and worldly and sexy.
[01:52:32.080 --> 01:52:34.480]  Any other time in history, you were just a bump.
[01:52:34.480 --> 01:52:36.360]  You were a loser.
[01:52:36.360 --> 01:52:37.360]  Not anymore.
[01:52:37.360 --> 01:52:38.360]  Now you're special.
[01:52:38.360 --> 01:52:41.360]  You're extra special.
[01:52:41.360 --> 01:52:46.320]  If they removed the money to even pay the taxes, just like in the 30s, most people back
[01:52:46.320 --> 01:52:50.760]  in the 30s lost their homes not because they couldn't make the payment.
[01:52:50.760 --> 01:52:53.200]  Most of them owned their homes.
[01:52:53.200 --> 01:52:54.760]  They lost their home.
[01:52:54.760 --> 01:53:02.240]  In today's money, their $250,000 house because they couldn't pay the five grand in property
[01:53:02.240 --> 01:53:03.240]  tax.
[01:53:03.240 --> 01:53:05.760]  You owned your house free and clear.
[01:53:05.760 --> 01:53:07.560]  You worked your can off.
[01:53:07.560 --> 01:53:09.300]  You paid your taxes.
[01:53:09.300 --> 01:53:11.640]  You did everything by the book.
[01:53:11.640 --> 01:53:14.520]  You were a good person.
[01:53:14.520 --> 01:53:16.400]  You paid your home off.
[01:53:16.400 --> 01:53:25.380]  You lost it, locked stock and barrel because you couldn't come up $5,000.
[01:53:25.380 --> 01:53:30.600]  If you have your money in a pension fund, if you have your money in stock, God help
[01:53:30.600 --> 01:53:34.640]  you if you have your money in bonds and municipals right now.
[01:53:34.640 --> 01:53:41.400]  You're one of those people who are going to go, poof, wow, I had a $400,000 retirement
[01:53:41.400 --> 01:53:45.120]  package and according to my statement, I've got 30 grand.
[01:53:45.120 --> 01:53:47.600]  Well, there goes my retirement.
[01:53:47.600 --> 01:53:51.840]  How are you going to make your payment?
[01:53:51.840 --> 01:53:56.360]  How are you going to do this stuff without protection, without something that's workhold
[01:53:56.360 --> 01:53:57.880]  of money?
[01:53:57.880 --> 01:53:58.880]  I don't know.
[01:53:58.880 --> 01:54:04.920]  There are so many changes and so much rapidity coming with everything that is going on.
[01:54:04.920 --> 01:54:08.720]  If you're not nimble, you're going to get run over.
[01:54:08.720 --> 01:54:13.120]  If you're not at least awake, you're going to get run over.
[01:54:13.120 --> 01:54:21.320]  Debra had asked me, is there any way we can wrap up tonight's call on a positive note?
[01:54:21.320 --> 01:54:26.120]  We're not at the very end yet, but I want to focus a little bit on this right now because
[01:54:26.120 --> 01:54:29.280]  we need to.
[01:54:29.280 --> 01:54:36.920]  The positive thing is you were given your life by a God who loves you.
[01:54:36.920 --> 01:54:40.360]  That you should be happy about.
[01:54:40.360 --> 01:54:45.600]  Every single thing we need, one way or another, will be provided for us.
[01:54:45.600 --> 01:54:50.200]  Don't look for Uncle Sam because what he wants out of you for the pittance he gives you just
[01:54:50.200 --> 01:54:53.200]  ain't worth it.
[01:54:53.200 --> 01:54:57.320]  You have friends and you have family.
[01:54:57.320 --> 01:55:02.760]  If you have both of them, you're really blessed.
[01:55:02.760 --> 01:55:09.700]  It's having a brand new car more important than having a wife that loves you, than having
[01:55:09.700 --> 01:55:15.960]  a friend that can count on you, of having a child that respects you.
[01:55:15.960 --> 01:55:19.280]  No, come on, no it's not.
[01:55:19.280 --> 01:55:22.680]  These are things we've been seduced by because of advertising.
[01:55:22.680 --> 01:55:28.640]  At the end of the day, we have one thing in common.
[01:55:28.640 --> 01:55:36.520]  We're all in it together, we're all alive, and someday we're all going to die.
[01:55:36.520 --> 01:55:40.800]  That we all have in common.
[01:55:40.800 --> 01:55:44.560]  While we're here, how much good can you do?
[01:55:44.560 --> 01:55:46.960]  How much positive effect can you have?
[01:55:46.960 --> 01:55:47.960]  That's up to you.
[01:55:47.960 --> 01:55:49.720]  Nobody can buy that.
[01:55:49.720 --> 01:55:52.560]  That's something that has to come from your heart, and that's something that you have
[01:55:52.560 --> 01:55:57.920]  to make, you can't just obtain.
[01:55:57.920 --> 01:56:03.280]  The positive thing is all this weird pain that we're going to go through, I watched
[01:56:03.280 --> 01:56:07.800]  my wife deliver all three of our children.
[01:56:07.800 --> 01:56:10.680]  I watched the physical pain she went through.
[01:56:10.680 --> 01:56:17.480]  I have no idea what that actually was because I'm a guy, but I know my wife, she's pretty
[01:56:17.480 --> 01:56:25.200]  tough, and when my wife yelled, I knew the pain level had to be excruciating because
[01:56:25.200 --> 01:56:30.080]  she doesn't yell.
[01:56:30.080 --> 01:56:37.480]  All the pain that she went through to birth the children was over at a point.
[01:56:37.480 --> 01:56:42.240]  The initial and then the recovery.
[01:56:42.240 --> 01:56:46.160]  We're going through birthing pains right now.
[01:56:46.160 --> 01:56:49.520]  We're starting them.
[01:56:49.520 --> 01:56:53.440]  My contractions are getting closer and closer.
[01:56:53.440 --> 01:56:56.360]  We haven't gone through childbearing yet.
[01:56:56.360 --> 01:56:58.240]  That's coming.
[01:56:58.240 --> 01:57:06.520]  The positive part is at some point we will be reborn, and collectively we have a shot
[01:57:06.520 --> 01:57:11.600]  at applying a lot of pressure to what the rebirth will look like.
[01:57:11.600 --> 01:57:16.520]  If you just turn on the TV, if you're not involved and you're planning on somebody else
[01:57:16.520 --> 01:57:22.080]  fixing it for you because they would never let that happen, then our world will become
[01:57:22.080 --> 01:57:25.960]  a cesspool.
[01:57:25.960 --> 01:57:34.560]  Our country is a fantastic place full of absolutely wonderful people, and until we get our priorities
[01:57:34.560 --> 01:57:40.040]  straight on what are the most important parts of us as people, then what we're going to
[01:57:40.040 --> 01:57:48.600]  do with what we have, until we get reality back and the reality TV shows are no longer
[01:57:48.600 --> 01:57:57.440]  necessary, some absolutely useless drivel of a person like a Kim Kardashian gets her
[01:57:57.440 --> 01:58:01.480]  own TV show and stuff, for what?
[01:58:01.480 --> 01:58:03.480]  What have you ever done?
[01:58:03.480 --> 01:58:04.480]  Nothing.
[01:58:04.480 --> 01:58:11.680]  When we start paying attention to things that count and are important, those are the good
[01:58:11.680 --> 01:58:12.680]  days.
[01:58:12.680 --> 01:58:17.520]  That's the good stuff that will come from the pain that we're going to go through.
[01:58:17.520 --> 01:58:22.280]  And I hope and I pray it's totally worth it, because I suspect it will be.
[01:58:22.280 --> 01:58:27.200]  It's going to be a lot different than what you see today.
[01:58:27.200 --> 01:58:32.720]  Alright, thank you Steve.
[01:58:32.720 --> 01:58:35.400]  We appreciate it.
[01:58:35.400 --> 01:58:42.080]  I do believe that we will be able to overcome these times of difficulty.
[01:58:42.080 --> 01:58:43.080]  We all stick together.
[01:58:43.080 --> 01:58:44.080]  We appreciate it.
[01:58:44.080 --> 01:58:45.080]  I hope so.
[01:58:45.080 --> 01:58:46.080]  It's going to set your character.
[01:58:46.080 --> 01:58:52.680]  Did the difficulty destroy you, or did it make you stronger?
[01:58:52.680 --> 01:58:56.440]  That is up to every one of us individually.
[01:58:56.440 --> 01:59:25.000]  You have the gift of observation and making moves.
[01:59:25.000 --> 01:59:52.520]  You have the gift of observation, you have the gift of observation, you have the gift
[01:59:52.520 --> 01:59:58.160]  of observation, you have the gift of observation.