ROL_2009-08-21_16k_Hr3-4.timecode

[00:00.000 --> 00:06.160]  This news brief brought to you by the International News Net.
[00:06.160 --> 00:11.760]  Syndicated columnist Robert Novak who disclosed the identity of CIA operative Valerie Wilson
[00:11.760 --> 00:13.120]  died Tuesday.
[00:13.120 --> 00:19.800]  Novak's 2003 column caused Scooter Libby, Dick Cheney's chief of staff, to be jailed
[00:19.800 --> 00:23.280]  for perjury and obstruction of justice.
[00:23.280 --> 00:28.000]  Last month Amnesty International issued a report saying Saudi Arabia's campaign against
[00:28.000 --> 00:35.120]  al-Qaeda has led to massive human rights violations by security forces, including torture and
[00:35.120 --> 00:38.480]  the arrests of non-violent reformists.
[00:38.480 --> 00:44.440]  Hijackers who seized the Russian ship Arctic Sea and its crew earlier this month had demanded
[00:44.440 --> 00:51.200]  a $1.5 million ransom.
[00:51.200 --> 00:56.760]  The credit card legislation signed by Barack Obama in May provides consumers their first
[00:56.760 --> 01:02.720]  morsel of relief Thursday when card issuers must begin giving more notice before imposing
[01:02.720 --> 01:06.240]  rate increases or charging late fees.
[01:06.240 --> 01:11.880]  Beginning August 20, the Credit Card Accountability Responsibility and Disclosure Act increases
[01:11.880 --> 01:18.640]  the required notice before raising credit card interest rates to 45 from 15 days, and
[01:18.640 --> 01:23.600]  the consumer can now decline a rate increase by closing the account and agreeing to pay
[01:23.600 --> 01:27.320]  off the balance of the current rate within five years.
[01:27.320 --> 01:31.200]  These first provisions aren't the bill's strongest or most important.
[01:31.200 --> 01:35.800]  Most of those measures, such as requiring adult co-signers for card applicants under
[01:35.800 --> 01:41.740]  21 and banning retroactive rate increases, won't take effect until February.
[01:41.740 --> 01:46.840]  In the meantime, credit card companies are trying to increase profits by hiking interest
[01:46.840 --> 01:54.720]  rates, introducing more cards with annual fees, and cutting rewards and bonuses.
[01:54.720 --> 02:00.080]  Anti-war activists at the University of California, Berkeley called for the firing of law professor
[02:00.080 --> 02:07.840]  John Yoo, who co-wrote legal memos used to justify the torture of suspected terrorists.
[02:07.840 --> 02:13.040]  Demonstrators said Yoo should be dismissed, disbarred, and prosecuted for war crimes for
[02:13.040 --> 02:18.680]  his work as a Bush administration attorney who helped craft legal theories for waterboarding
[02:18.680 --> 02:21.480]  and other harsh interrogation techniques.
[02:21.480 --> 02:27.200]  Shouting, war criminal, the protesters confronted Yoo as he entered a lecture hall on the first
[02:27.200 --> 02:30.880]  day of class at Berkeley's law school.
[02:30.880 --> 02:35.540]  Demonstrators also staged a mock arrest of Yoo, some dressed in black hoods and orange
[02:35.540 --> 02:41.800]  prisoner suits, similar to one seen in photos of Iraq's Abu Ghraib prison.
[02:41.800 --> 02:46.880]  Civil rights attorney Dan Siegel said, there is little doubt that John Yoo is a war criminal,
[02:46.880 --> 02:53.320]  adding, John Yoo went to Washington and created the ideological, political, and legal basis
[02:53.320 --> 03:01.080]  for the torture of innocent people.
[03:01.080 --> 03:04.640]  You feel tired when talking about important topics like money and politics?
[03:04.640 --> 03:05.640]  Sorry!
[03:05.640 --> 03:08.400]  Are you confused by words like the Constitution or the Federal Reserve?
[03:08.400 --> 03:09.400]  What?
[03:09.400 --> 03:13.440]  Well, you may be diagnosed with the deadliest disease known today, stupidity.
[03:13.440 --> 03:18.840]  Hi, my name is Steve Holt, and like millions of other Americans, I was diagnosed with stupidity
[03:18.840 --> 03:20.040]  at an early age.
[03:20.040 --> 03:24.020]  I had no idea that the number one cause of the disease is found in almost every home
[03:24.020 --> 03:26.120]  in America, the television.
[03:26.120 --> 03:31.160]  Unfortunately, that puts most Americans at risk of catching stupidity, but there is hope.
[03:31.160 --> 03:34.920]  The staff at Brave New Books have helped me and thousands of other Foxaholics suffering
[03:34.920 --> 03:37.200]  from sports zombeism recover.
[03:37.200 --> 03:41.440]  And because of Brave New Books, I now enjoy reading and watching educational documentaries
[03:41.440 --> 03:44.080]  without feeling tired or uninterested.
[03:44.080 --> 03:51.440]  So if you or anybody you know suffers from stupidity, then you need to call 512-480-2503
[03:51.440 --> 03:55.520]  or visit them at 1904Guadalupe or bravenewbookstore.com.
[03:55.520 --> 03:58.920]  Side effects from using Brave New Books products may include discernment and enlarged vocabulary
[03:58.920 --> 04:00.920]  and an overall increase in mental functioning.
[04:00.920 --> 04:07.920]  You are listening to the Rule of Law Radio Network at ruleoflawradio.com, live free speech
[04:07.920 --> 04:31.760]  talk radio at its best.
[04:31.760 --> 04:50.320]  Thank you.
[05:01.760 --> 05:12.760]  That makes me crazy, I believe
[05:12.760 --> 05:19.760]  And all that you have in the time of your life
[05:19.760 --> 05:28.760]  Think twice, that's my only advice
[05:28.760 --> 05:35.760]  Come on now, who do you, who do you, who do you, who do you think you are?
[05:35.760 --> 05:44.760]  Let your soul, you really think you're in control
[05:44.760 --> 05:47.760]  I think you're crazy
[05:47.760 --> 05:50.760]  Alright, we are back
[05:50.760 --> 05:55.760]  The rule of law, bless your heart, do you really think you're in control?
[05:55.760 --> 06:01.760]  No way, but we know that the Lord Jesus is
[06:01.760 --> 06:08.760]  So, we are going to go to Brian next
[06:08.760 --> 06:11.760]  But before we do, I just wanted to promote our seminar again
[06:11.760 --> 06:14.760]  We are getting very good responses
[06:14.760 --> 06:17.760]  People are committing and registering
[06:17.760 --> 06:21.760]  So, it looks like it's pretty much going to be a sure thing
[06:21.760 --> 06:26.760]  So, please go to the website, ruleoflawradio.com and register for the seminar
[06:26.760 --> 06:29.760]  Get on the list, we have to limit it to 50 people
[06:29.760 --> 06:32.760]  Because that's all that will fit at Brave New Books
[06:32.760 --> 06:35.760]  And it's a great deal, people
[06:35.760 --> 06:38.760]  It's going to be a two-day seminar all day
[06:38.760 --> 06:43.760]  With Q&A sessions also after we do the presentations both days
[06:43.760 --> 06:48.760]  You get a copy of Juris Dictionary as well
[06:48.760 --> 06:52.760]  Day one is going to be mostly Eddie Craig
[06:52.760 --> 06:55.760]  Going over the Texas traffic code
[06:55.760 --> 06:59.760]  I'll do some causes of action on the traffic code of the law
[06:59.760 --> 07:03.760]  Concerning the laws that they break when they give people tickets and all these things
[07:03.760 --> 07:09.760]  Day two, Randy Kelton is going to go over due process, the criminal procedure code
[07:09.760 --> 07:12.760]  I'll be presenting some information on that as well
[07:12.760 --> 07:18.760]  And grand jury functioning, how we can reclaim our freedom and our liberty
[07:18.760 --> 07:22.760]  By actually taking back control of our juries
[07:22.760 --> 07:24.760]  So, it's going to be a great seminar
[07:24.760 --> 07:28.760]  Please go and register, the cost is $400 for the two days
[07:28.760 --> 07:30.760]  Including Juris Dictionary and people
[07:30.760 --> 07:37.760]  This is a screaming deal because normally Juris Dictionary in and of itself is $250
[07:37.760 --> 07:45.760]  So, I just don't think that there possibly could be a better deal on the market
[07:45.760 --> 07:50.760]  So Steve, do you want to take the call or do you have any other comments before we go to our callers?
[07:50.760 --> 07:54.760]  Actually, you know, you just brought up the thing with the seminar
[07:54.760 --> 08:00.760]  You know, a friend of a friend hooked me into this show
[08:00.760 --> 08:05.760]  And one of the things that I mentioned before is we need to support each other
[08:05.760 --> 08:11.760]  You know, we have to educate each other, we have to be patient, we have to keep each other from being fearful
[08:11.760 --> 08:17.760]  We have to do things that move our better cause in the right direction
[08:17.760 --> 08:22.760]  And it takes teamwork, it takes effort, it takes love, it takes a lot
[08:22.760 --> 08:27.760]  And frankly, if it were easy, would it even be worth doing in the first place?
[08:27.760 --> 08:37.760]  What's the glory in winning a fight if I have a tackle football game with a bunch of eight-year-olds?
[08:37.760 --> 08:41.760]  Oh, I'm going to win. Well, yeah, it wasn't that fun
[08:41.760 --> 08:48.760]  And one of the things that kind of comes up here is I'm not really sure if there's five people,
[08:48.760 --> 08:53.760]  550,000 or half a million people on the air right now
[08:53.760 --> 09:01.760]  One thing I do know is the people that are running this show are putting in everything they have
[09:01.760 --> 09:05.760]  All their time, all their resources, all their energy
[09:05.760 --> 09:10.760]  You know why? Cause they might not even have met a lot of you, but they love you
[09:10.760 --> 09:12.760]  And they're trying to help you
[09:12.760 --> 09:17.760]  And as they're trying to help you, they're also trying to kick in the pants
[09:17.760 --> 09:23.760]  Some very evil people to stop hurting and being evil
[09:23.760 --> 09:27.760]  And it's not easy, and it sure the hell isn't cheap
[09:27.760 --> 09:32.760]  And I know there's a great deal of people, it's usually the 80-20 rule
[09:32.760 --> 09:37.760]  80% of the people just receive, 20% do everything
[09:37.760 --> 09:43.760]  No matter how many people, doesn't matter, big or small, are listening to this show
[09:43.760 --> 09:48.760]  and the shows before it and the shows that will come after it
[09:48.760 --> 09:57.760]  It is not cheap, and it is very difficult for these people to hold this level of quality for this long on a shoestring
[09:57.760 --> 10:02.760]  And you know what? I've had tough times, and I've helped people
[10:02.760 --> 10:10.760]  And you might be having a tough time, but I'll bet you, you could scrape up a dollar or five
[10:10.760 --> 10:15.760]  Click on the donation button of their website and send them just a few dollars
[10:15.760 --> 10:18.760]  Don't feel embarrassed that you could only give a dollar
[10:18.760 --> 10:26.760]  If every single listener gave them one dollar, these folks would be able to hire more professional people to help run the radio show
[10:26.760 --> 10:35.760]  More bandwidth, faster servers, more gizmos and gadgets to get information in the more people's hands in a more expedient way
[10:35.760 --> 10:41.760]  But if you're going to just sit there and take, don't be surprised if it doesn't grow
[10:41.760 --> 10:45.760]  Don't be surprised if it doesn't get any better, because it's not going to
[10:45.760 --> 10:49.760]  It'll just stay the same, and that's not a knock for what you're getting now
[10:49.760 --> 10:53.760]  But it could be better because you will be a part of it
[10:53.760 --> 10:55.760]  You will get involved
[10:55.760 --> 11:00.760]  It'll get bigger, it'll get stronger, and it'll have more momentum and progression
[11:00.760 --> 11:08.760]  Imagine like the Internet stocks, you didn't have that level of nutsy cuckoo without a whole bunch of public participation
[11:08.760 --> 11:13.760]  Well, instead of mindlessly bidding up the value of arbitrary gizmo stocks
[11:13.760 --> 11:23.760]  Why don't you arbitrarily boost up the value of the people who've been proving to you where their love and their hearts are?
[11:23.760 --> 11:25.760]  Just do it
[11:25.760 --> 11:29.760]  You know, I'm coughing up, I don't know you folks, I've never been on this show before
[11:29.760 --> 11:35.760]  I'm coughing up a Friday night because I want to try to help educate and entertain people
[11:35.760 --> 11:38.760]  And that's something I can give
[11:38.760 --> 11:46.760]  And I'm willing to give because somebody out there will learn or hear something that makes them educate themselves
[11:46.760 --> 11:49.760]  So they can better fulfill what they need in their life
[11:49.760 --> 11:54.760]  And that to me is an enormous personal victory
[11:54.760 --> 12:00.760]  And even if you can't give a couple dollars, send an email off to the show and say, how can I help?
[12:00.760 --> 12:02.760]  What can I do?
[12:02.760 --> 12:08.760]  Here's my background, these are my skills, this is, you know, the kinds of people I know
[12:08.760 --> 12:10.760]  Can you use any help from me?
[12:10.760 --> 12:15.760]  Because when I was talking to Deborah earlier before doing the show today
[12:15.760 --> 12:20.760]  I really got the vibe from her that things are not going very easily
[12:20.760 --> 12:22.760]  And they could use your help
[12:22.760 --> 12:26.760]  And I have the feeling that Deborah would have never asked you
[12:26.760 --> 12:31.760]  And I'm kind of surprised she hasn't butted in on me already
[12:31.760 --> 12:34.760]  But please, don't make these people beg
[12:34.760 --> 12:38.760]  It's tacky, it shouldn't ever have to come to that
[12:38.760 --> 12:44.760]  Even if you just tune in once every couple months and get just a little trite amount of information
[12:44.760 --> 12:49.760]  And entertainment out of it, if nothing else, it should have some value to you
[12:49.760 --> 12:51.760]  Please participate
[12:51.760 --> 12:54.760]  Thank you, Steve, we appreciate that a lot
[12:54.760 --> 12:58.760]  Yeah, I really could use help
[12:58.760 --> 13:05.760]  If anyone out there has experience with advertising, getting sponsors
[13:05.760 --> 13:11.760]  I need to set up an advertising promotional and marketing department
[13:11.760 --> 13:17.760]  Okay, I can't be the one who has to run the entire infrastructure
[13:17.760 --> 13:21.760]  Be completely responsible for how everything goes technically
[13:21.760 --> 13:26.760]  Train new producers, scheduling, dealing with the programming and all of that
[13:26.760 --> 13:31.760]  And have to run the business end of things as well
[13:31.760 --> 13:33.760]  And plus, it's not my area of expertise
[13:33.760 --> 13:41.760]  I need somebody to help me to formulate a strategy for an internet marketing and promotional campaign
[13:41.760 --> 13:46.760]  And be full-time calling people to get new sponsors
[13:46.760 --> 13:53.760]  And these sort of things so that we don't have to ask our listeners to give so much donations
[13:53.760 --> 13:56.760]  And we do appreciate the donations that have come in
[13:56.760 --> 13:58.760]  Some people have been very generous to us
[13:58.760 --> 14:03.760]  And believe me, we do appreciate the small donations a lot
[14:03.760 --> 14:07.760]  Even if it's $10, because we have a lot of listeners
[14:07.760 --> 14:10.760]  And we get a lot of phone calls
[14:10.760 --> 14:14.760]  Our caller traffic, since we started this in November
[14:14.760 --> 14:23.760]  We've gotten almost 5,000 phone calls, call-ins to the various shows on this network
[14:23.760 --> 14:25.760]  We haven't even been doing this a year
[14:25.760 --> 14:26.760]  5,000 calls
[14:26.760 --> 14:32.760]  Now, I realize a lot of these are the same people, not 5,000 different individual people
[14:32.760 --> 14:34.760]  But just think about it, people
[14:34.760 --> 14:37.760]  I mean, I'm not going to charge you to call in
[14:37.760 --> 14:38.760]  But think about it
[14:38.760 --> 14:49.760]  If everyone would take in their heart to donate $10 every time you call in to one of our shows
[14:49.760 --> 14:52.760]  We've had 5,000 calls
[14:52.760 --> 14:54.760]  Do the math, people
[14:54.760 --> 14:58.760]  That would be $50,000 that would have come in
[14:58.760 --> 15:04.760]  Do you realize what we could have done, what we could do with $50,000?
[15:04.760 --> 15:08.760]  We could totally compete with networks like GCN
[15:08.760 --> 15:15.760]  We could go legitimate and start breaking into the mainstream media markets
[15:15.760 --> 15:17.760]  We could do a lot with something like that
[15:17.760 --> 15:19.760]  So please, please do what you can
[15:19.760 --> 15:21.760]  I know everyone is strapped
[15:21.760 --> 15:27.760]  And a lot of people have expressed that they want to come to the seminar
[15:27.760 --> 15:29.760]  But it's too expensive for them, and I understand that
[15:29.760 --> 15:37.760]  So what I'm going to do is I'm going to set up a sponsorship program to sponsor someone to go to the seminar
[15:37.760 --> 15:38.760]  All right?
[15:38.760 --> 15:44.760]  So even amongst yourselves, if you have a group of people, friends, your family, and you all want to go
[15:44.760 --> 15:45.760]  But you just can't afford it
[15:45.760 --> 15:47.760]  Why don't you all pitch in?
[15:47.760 --> 15:51.760]  Everybody donate $10, $20, $30, $50, $100, whatever you can
[15:51.760 --> 15:55.760]  And sponsor one person to come to the seminar
[15:55.760 --> 16:02.760]  Then that person can go back to the group and give them the information and the materials
[16:02.760 --> 16:07.760]  You can make copies of the materials and give them back to the people that sponsored you
[16:07.760 --> 16:11.760]  The only materials that you cannot copy and distribute is jurisdictionary
[16:11.760 --> 16:14.760]  I'm sorry, that's copyrighted material
[16:14.760 --> 16:17.760]  So if you want jurisdictionary, you do have to purchase your own copy
[16:17.760 --> 16:24.760]  But other than that, you're welcome to bring everything back to your group of people that sponsored you
[16:24.760 --> 16:29.760]  And if you don't have a group of people and you want to go to the seminar, send me an email
[16:29.760 --> 16:35.760]  And we'll put a link up on the website even for strangers, other listeners to sponsor you
[16:35.760 --> 16:43.760]  So if listeners, if you live in other cities, other states, you can't travel to get here, think about sponsoring
[16:43.760 --> 16:48.760]  Donating to sponsor someone else to go so that you can still get the information
[16:48.760 --> 16:51.760]  And that way, we'll be able to get a lot of people in the seminar
[16:51.760 --> 16:53.760]  And a lot of people will get the information who are not coming
[16:53.760 --> 16:56.760]  So I guess that's all I have for that
[16:56.760 --> 16:58.760]  And thank you very much, Steve
[16:58.760 --> 16:59.760]  I appreciate this
[16:59.760 --> 17:02.760]  I feel that we are really doing the right thing here
[17:02.760 --> 17:08.760]  And that we have the opportunity to make this thing big and really make a difference and help a lot of people
[17:08.760 --> 17:11.760]  So with that being said, let's go back to the call boy
[17:11.760 --> 17:14.760]  We've got Brian in Pennsylvania
[17:14.760 --> 17:15.760]  Brian, thanks for calling in
[17:15.760 --> 17:16.760]  What's on your mind tonight?
[17:16.760 --> 17:18.760]  What's your question for our guest?
[17:18.760 --> 17:19.760]  Hi, all
[17:19.760 --> 17:22.760]  Yeah, we're listening out here, Steve
[17:22.760 --> 17:24.760]  Wait, Brian, can you speak up?
[17:24.760 --> 17:26.760]  We can't hear you very well
[17:26.760 --> 17:28.760]  Okay
[17:28.760 --> 17:30.760]  Okay, go ahead
[17:30.760 --> 17:31.760]  Thanks, Steve
[17:31.760 --> 17:34.760]  I've been liking you as a guest tonight
[17:34.760 --> 17:36.760]  And we're listening out here
[17:36.760 --> 17:40.760]  And I'll probably do myself for another donation
[17:40.760 --> 17:48.760]  I wanted to ask a question, I guess, because you said that you did better with questions posed
[17:48.760 --> 17:53.760]  But I actually was thinking when I was listening that I was hoping people wouldn't call in
[17:53.760 --> 17:57.760]  You could kind of just keep going with what you were going with and maybe go into notes
[17:57.760 --> 18:04.760]  And give us some stuff that we can go and take further and have some of our own notes
[18:04.760 --> 18:10.760]  But I would like to inquire as to maybe some remedy and solutions
[18:10.760 --> 18:14.760]  Because I think you need to focus a lot on that
[18:14.760 --> 18:20.760]  I know you're not licensed so you can't really give me advice or what you would do
[18:20.760 --> 18:32.760]  But I'm frustrated with this debt currency that I'm kind of forced to accept
[18:32.760 --> 18:39.760]  And I've been thinking about how I could go about getting people to actually pay me
[18:39.760 --> 18:47.760]  But it's difficult to get people to buy reserves of silver and then give it to me
[18:47.760 --> 18:49.760]  No, it's not
[18:49.760 --> 18:55.760]  Well, I'd like to know then maybe how I could make that more easy and approachable
[18:55.760 --> 18:56.760]  Let me ask you a question real quick
[18:56.760 --> 18:58.760]  Your name's Brian, right?
[18:58.760 --> 18:59.760]  Right
[18:59.760 --> 19:04.760]  Do you have a mute button on your phone or headset or something that you could hit for a moment?
[19:04.760 --> 19:06.760]  That's fine
[19:06.760 --> 19:11.760]  The only reason I'm saying that is so maybe, Debra, you can leave him on the phone for a minute
[19:11.760 --> 19:13.760]  I do this on our conference calls
[19:13.760 --> 19:16.760]  When somebody asks a question, I try to give a reply
[19:16.760 --> 19:19.760]  And then I always go back to them and say, how was that?
[19:19.760 --> 19:20.760]  Did you want more?
[19:20.760 --> 19:21.760]  Is there something I missed?
[19:21.760 --> 19:26.760]  Because sometimes people ask a multi-part question and they can get really complicated
[19:26.760 --> 19:31.760]  Where one facet of that question could last for a while, then I kind of forget a part of it
[19:31.760 --> 19:35.760]  The whole thing with the debt-based currency
[19:35.760 --> 19:37.760]  Number one, get the fear out of your head
[19:37.760 --> 19:39.760]  And I don't mean that as an insult
[19:39.760 --> 19:42.760]  I mean it as a result of your question
[19:42.760 --> 19:47.760]  When you or anybody, because I've gone through this, I still do it today
[19:47.760 --> 19:51.760]  That's why I remind myself about the fear aspect
[19:51.760 --> 19:56.760]  Nobody is forcing you to deal with the debt-based system
[19:56.760 --> 20:02.760]  You are choosing of your own free will to allow a middleman to intercede
[20:02.760 --> 20:07.760]  Between every single transaction in your life
[20:07.760 --> 20:12.760]  And most of it isn't done where you say, gee, I want somebody to control me
[20:12.760 --> 20:14.760]  You know, it's subconscious
[20:14.760 --> 20:18.760]  You don't do it with any premeditation, it just happens
[20:18.760 --> 20:21.760]  Because the system is there to make it easy
[20:21.760 --> 20:26.760]  If I go into downtown Chicago, I could point to a whole ton of different neighborhoods
[20:26.760 --> 20:33.760]  Where finding drugs or a prostitute or any other thing, you could find ad nauseam instantly
[20:33.760 --> 20:37.760]  Out of convenience, and there's a market there
[20:37.760 --> 20:42.760]  In our country, you know, especially with the debt-based system
[20:42.760 --> 20:44.760]  It's caused more and more people to work harder
[20:44.760 --> 20:51.760]  Because the inflation inherent in a debt-based system is absolutely taking away their money
[20:51.760 --> 20:54.760]  It's stolen from them, it's stolen their purchasing power
[20:54.760 --> 21:01.760]  So they have to work even harder just to keep up with what they did last year, let alone this year
[21:01.760 --> 21:07.760]  Now, this whole dollar exchange thing is real convenient
[21:07.760 --> 21:13.760]  If you just happen to have, you know, you wake up and you have a skill
[21:13.760 --> 21:16.760]  And you get up and you're dressed and you drive off to work
[21:16.760 --> 21:22.760]  And you give your skill to an employer who's able to make some marginal profit off of you
[21:22.760 --> 21:28.760]  And still pay you a regular salary or a regular hourly rate with some maybe marginal
[21:28.760 --> 21:33.760]  But maybe good and somewhere in the middle, you know, little perks
[21:33.760 --> 21:38.760]  That's a good thing, but all of a sudden you start running into all these other liabilities
[21:38.760 --> 21:45.760]  Because once you bring a middleman into the picture, if you think about it spiritually or legally
[21:45.760 --> 21:49.760]  Somebody else has come into your contract, your equation
[21:49.760 --> 21:54.760]  And they deserve to be paid because a workman's worth is higher, right?
[21:54.760 --> 21:59.760]  So to try to be in the middle of a system and game the system
[21:59.760 --> 22:03.760]  I'm going to have the middleman involved, but I don't want to pay him
[22:03.760 --> 22:10.760]  That's dishonest, you're playing the evil game or maybe not even realizing it, okay, no condemnation
[22:10.760 --> 22:17.760]  But you could be falling right into the trap that brings people into this devolutionary spiral
[22:17.760 --> 22:26.760]  Where you start falling behind, chasing the rabbit, having to come up with different ways of participating in a system
[22:26.760 --> 22:31.760]  Your body and your mind and spirit were never designed to partake in in the first place
[22:31.760 --> 22:35.760]  The whole precious metals thing to me is a link
[22:35.760 --> 22:43.760]  If I know a handful of other associates, partners, friends, family
[22:43.760 --> 22:47.760]  I could say I need my grass cut
[22:47.760 --> 22:51.760]  Well, maybe my brother-in-law needs a couple extra bucks
[22:51.760 --> 22:55.760]  He's not poor, but he could use a little something extra
[22:55.760 --> 23:02.760]  Hey, I'll trade you one of these coins, like a silver coin that I paid $3.90 for
[23:02.760 --> 23:08.760]  If you'll cut my entire yard in wheat with it, which around here is no laughing matter, okay?
[23:08.760 --> 23:14.760]  He would probably look at it and be like, wow, I just got this great silver coin for the deal
[23:14.760 --> 23:18.760]  Well, it was a trade, you do this for me, I'll do this for you
[23:18.760 --> 23:23.760]  Even if somebody ever questioned him on, well, what did you receive as far as I'm aware
[23:23.760 --> 23:28.760]  And please don't take his advice as just something that I came across
[23:28.760 --> 23:35.760]  If you flip over the coin, the United States Silver Eagle has a value of $1 on it
[23:35.760 --> 23:39.760]  So if he did receive that, what has he actually been paid
[23:39.760 --> 23:42.760]  if somebody wanted to say the middleman was involved?
[23:42.760 --> 23:50.760]  Now, I'm not asking people or suggesting to people that they skate the law or try to game the system, okay?
[23:50.760 --> 23:59.760]  But there is no liability of a middleman for doing a direct trade between two parties, at least this week
[23:59.760 --> 24:08.760]  You know, anybody that you find, you wanted to buy a car, you needed to get corn, you wanted to buy fuel
[24:08.760 --> 24:16.760]  Somebody out there is not part of the debt system, believe me, they're out there
[24:16.760 --> 24:22.760]  This is one of the reasons why I went and asked people, hey, would you help out with Debra and the gang running the show
[24:22.760 --> 24:26.760]  Because these folks need to set up more infrastructure to make stuff
[24:26.760 --> 24:30.760]  like you just asked, Brian, come to fruition
[24:30.760 --> 24:33.760]  You don't give them the energy, you don't give them the bucks
[24:33.760 --> 24:37.760]  Don't be crying when there's nobody there to help you
[24:37.760 --> 24:44.760]  Because if you could put everybody in a network together that's listening to all these shows
[24:44.760 --> 24:50.760]  Well, you could have an open forum board of, you know, trade rule of law
[24:50.760 --> 24:54.760]  There's a whole separate button, you know, where people could click on it and say
[24:54.760 --> 24:59.760]  Wow, I'm looking for this, and you type it into the little box
[24:59.760 --> 25:05.760]  And anybody who's put in things that they're willing to trade or do, you would match it with another person
[25:05.760 --> 25:12.760]  We're coming very close to this because never before in financial history
[25:12.760 --> 25:19.760]  If we had the dawning, or maybe it's the sunset, of a fiat currency
[25:19.760 --> 25:23.760]  Where the whole system is about to go supernova
[25:23.760 --> 25:30.760]  And in the past, the only real example I can point to in history that matches closely
[25:30.760 --> 25:35.760]  Is like the fall of the Holy Roman Empire
[25:35.760 --> 25:40.760]  Because the collapse led to such complete havoc and disarray
[25:40.760 --> 25:47.760]  The dark ages actually followed from the disintegration of rule of law and society in general
[25:47.760 --> 25:53.760]  But we have tools that those folks never even could dream about
[25:53.760 --> 25:59.760]  We have the Internet, we have cell phones, we have telecommunication
[25:59.760 --> 26:06.760]  And we can arrange buyers and sellers on a private, semi-private, full public network
[26:06.760 --> 26:11.760]  Of people who just don't want any more middlemen
[26:11.760 --> 26:15.760]  You know, Deborah, I'm willing to go cut your grass, but you know what?
[26:15.760 --> 26:21.760]  I'm not willing to take one more of those stupid-looking green coupons for my work
[26:21.760 --> 26:22.760]  I don't have to
[26:22.760 --> 26:27.760]  I know that it says it's legal tender that doesn't make it constitutional money
[26:27.760 --> 26:36.760]  That just abides by a legal tender law that has some form of a gun pointed at my head saying you will accept this
[26:36.760 --> 26:39.760]  Well, if you don't believe in it, Deborah, and I don't believe in it
[26:39.760 --> 26:43.760]  Why don't we find a middle ground that we can agree on?
[26:43.760 --> 26:49.760]  And I think that the precious metals isn't something that, you know, again, I can't give you advice
[26:49.760 --> 26:52.760]  But I can share what I've done, okay?
[26:52.760 --> 27:00.760]  I have purchased precious metals, and as a market analyst and as somebody who likes to attempt at getting accurate timing
[27:00.760 --> 27:07.760]  I was able to secure a decent amount of metal at very, very historically cheap prices
[27:07.760 --> 27:13.760]  So as the market price, which to me, and this is something we really need to cover at some point in the show
[27:13.760 --> 27:16.760]  Is the manipulation of the precious metals prices
[27:16.760 --> 27:24.760]  But even with the manipulation, they've gone up 3, 4, 500% in just the last couple years
[27:24.760 --> 27:35.760]  The stock market, the bond market, there's been no other formal investment that could even touch the performance of the precious metals over the last couple years
[27:35.760 --> 27:42.760]  Even if their intrinsic dollar-denominated values did not go up at all
[27:42.760 --> 27:47.760]  If I can trade using that as maybe a backstop
[27:47.760 --> 27:54.760]  Or as some way of getting like-minded people together even willing to trade in other ways
[27:54.760 --> 27:59.760]  Well, the value of that is immeasurable
[27:59.760 --> 28:02.760]  And again, it takes all of us
[28:02.760 --> 28:10.760]  Don't think you're just going to sit there and, you know, I've heard a lot of people say that God will always provide
[28:10.760 --> 28:12.760]  Yes, He will
[28:12.760 --> 28:16.760]  But He's not going to fly what my friend Jim always uses this line
[28:16.760 --> 28:21.760]  But He's not going to fly a roasted duck into your mouth
[28:21.760 --> 28:25.760]  You have to do something for it
[28:25.760 --> 28:34.760]  So, Brian, if you're still there, how was that? Did I miss something?
[28:34.760 --> 28:36.760]  Yes, I was on mute
[28:36.760 --> 28:43.760]  Well, you were more or less inferring though that I haven't done
[28:43.760 --> 28:50.760]  I have gone to great lengths and I've been relatively successful in small respect
[28:50.760 --> 28:55.760]  But you were kind of making the inference that, you know, I was just taking it that I had to
[28:55.760 --> 29:00.760]  Like you were saying, forced to accept this, you know, liability debt
[29:00.760 --> 29:04.760]  I have been able to get other people to trade and pay them
[29:04.760 --> 29:07.760]  But not enough in my opinion
[29:07.760 --> 29:09.760]  I want to go more with that
[29:09.760 --> 29:14.760]  And I'm just wondering if you have any other suggestions on how to make that more doable
[29:14.760 --> 29:20.760]  I thought about signing over checks, but if I would just sign over a check, it still touched me
[29:20.760 --> 29:23.760]  It's still a rebound, you know
[29:23.760 --> 29:30.760]  And I'm just wondering how I can go about maybe doing that a little bit more efficiently
[29:30.760 --> 29:33.760]  Well, Brian, please accept my apology
[29:33.760 --> 29:40.760]  I didn't mean my answer to come off like I was accusing you of anything, okay?
[29:40.760 --> 29:45.760]  I just heard a catchphrase and I kind of ran with it a little bit
[29:45.760 --> 29:53.760]  Because just like you had that, on some level you had that feeling like it is forced on us
[29:53.760 --> 29:57.760]  It's forced on us every where we turn because everybody's so brainwashed into doing it
[29:57.760 --> 30:02.760]  You know, kind of when you're in Rome, do as the Romans do, right?
[30:02.760 --> 30:08.760]  Well, but really could you live a typical American life for a day without using the debt notes?
[30:08.760 --> 30:12.760]  Yes, you could, but it would be a real pain in the ass
[30:12.760 --> 30:13.760]  Right
[30:13.760 --> 30:20.760]  And that's my point of, you know, with whatever you've done, any people that you can get to trade with you
[30:20.760 --> 30:25.760]  You, Brian, have changed your part of the world
[30:25.760 --> 30:31.760]  And my hat goes off to you because you're doing something to change
[30:31.760 --> 30:38.760]  You're doing something to take power away from people who don't deserve to be there
[30:38.760 --> 30:43.760]  And you can't quantify it of, you haven't done enough, brother, you're doing it
[30:43.760 --> 30:49.760]  You're moving it, you're actually part of the changing process
[30:49.760 --> 30:54.760]  If you can get more people to participate, if there's more people in your circle,
[30:54.760 --> 31:00.760]  you can get to recognize the benefit that you're doing, then your bonus is even bigger
[31:00.760 --> 31:05.760]  But anybody out there who's doing it, you know, as far as other ideas,
[31:05.760 --> 31:10.760]  honestly, I struggled with this one for quite some time
[31:10.760 --> 31:17.760]  I have a group of friends and business partners that are kind of in on a project with me
[31:17.760 --> 31:19.760]  It's a universal thing
[31:19.760 --> 31:24.760]  And what we're trying to do is to build up enough hard, tangible assets
[31:24.760 --> 31:30.760]  that we could formulate kind of like the core of a different type of eBay
[31:30.760 --> 31:33.760]  And maybe it's a little bit of a fantasy on my part,
[31:33.760 --> 31:38.760]  but you can't have a dream and watch it come true if you don't do any work on it
[31:38.760 --> 31:45.760]  So what my goal was was to get enough money and resources together to keep going out and buying assets,
[31:45.760 --> 31:50.760]  storing them, locking them down, and actually having something real
[31:50.760 --> 31:54.760]  in exchange for all the little green coupons I've cashed in
[31:54.760 --> 32:00.760]  And if I'm not necessarily selling it, I don't have a profit
[32:00.760 --> 32:02.760]  It's just sitting there
[32:02.760 --> 32:09.760]  Well, Brian, if I were to take some of my excess goods that I got from this big company that went out of business,
[32:09.760 --> 32:14.760]  would you be willing to trade me something in return for it?
[32:14.760 --> 32:18.760]  And within my group and my network, we've been putting people together,
[32:18.760 --> 32:23.760]  and this is starting to really get some light bulbs going off in people's heads
[32:23.760 --> 32:29.760]  And if you have something like, you know, Deborah, Eddie, Randy's show here,
[32:29.760 --> 32:34.760]  and with the amount of people that participate and learn and come to it,
[32:34.760 --> 32:40.760]  if you could help these people with the resources to kind of gear up for it,
[32:40.760 --> 32:47.760]  they could be a focal point, kind of a shopping center, to help facilitate this stuff
[32:47.760 --> 32:53.760]  and not being the true middleman, like they're going to charge you something for it, okay,
[32:53.760 --> 33:02.760]  but that they could be a place that other people of like-minded nature can come to find the people they want to deal with
[33:02.760 --> 33:07.760]  Because I'm willing to bet, Brian, you and I probably have this in common,
[33:07.760 --> 33:11.760]  I'm never going to just go out to the street corner and try looking
[33:11.760 --> 33:21.760]  I'm going to go to places where I know people have at least a similar mindset, and then I'll go from there.
[33:21.760 --> 33:24.760]  And that's all I know to tell you right now, brother.
[33:24.760 --> 33:25.760]  I mean, I'm all ears.
[33:25.760 --> 33:30.760]  If you or anybody else comes up with a quicker way to do it, I'm on it.
[33:30.760 --> 33:37.760]  But, you know, every trade you do, everything that you can do that keeps it strictly between you
[33:37.760 --> 33:41.760]  and the other party involved, you're taking the middleman out.
[33:41.760 --> 33:48.760]  You're gaining wealth because a penny earned or a penny saved is a penny earned.
[33:48.760 --> 33:51.760]  And by the way, you are part of the solution.
[33:51.760 --> 33:54.760]  You're actually proof.
[33:54.760 --> 33:56.760]  Feel good about that.
[33:56.760 --> 34:01.760]  The Hour of the Time just released the Fourth World DVD, which is pretty good,
[34:01.760 --> 34:07.760]  and in that there was an excellent Hopi saying, we are the ones we've been waiting for.
[34:07.760 --> 34:09.760]  I thought that was pretty cool.
[34:09.760 --> 34:10.760]  Oh, that's cool.
[34:10.760 --> 34:11.760]  Yeah.
[34:11.760 --> 34:16.760]  I hope that you are proficient in cashing because it sounds as though you maybe already are,
[34:16.760 --> 34:19.760]  or hopefully should be or are.
[34:19.760 --> 34:22.760]  Well, we can always have room for improvement, right?
[34:22.760 --> 34:23.760]  Yeah.
[34:23.760 --> 34:25.760]  Well, I'm planning on it.
[34:25.760 --> 34:27.760]  I'm looking forward to next month.
[34:27.760 --> 34:34.760]  Deborah, I wish you guys luck with the, what are you calling it?
[34:34.760 --> 34:35.760]  The seminar?
[34:35.760 --> 34:37.760]  The seminar, yeah.
[34:37.760 --> 34:40.760]  I'm going to win myself to Arizona in a couple weeks.
[34:40.760 --> 34:46.760]  I'm proud to support and be part of, again, the Hour of the Time Skills and Research Conference.
[34:46.760 --> 34:51.760]  At the time, we're focusing more on solutions for an urban environment, you know, in case of calamity,
[34:51.760 --> 34:55.760]  how to thrive and help each other.
[34:55.760 --> 34:57.760]  Pretty good stuff there if you'd want to check that out.
[34:57.760 --> 35:02.760]  I know I've mentioned them before, but I've really been enjoying the rural broadcast,
[35:02.760 --> 35:09.760]  my new American magazine subscription from JBS and Hour of the Time as well.
[35:09.760 --> 35:12.760]  Three have been my media outlet right now.
[35:12.760 --> 35:15.760]  I've been focusing a lot on myself, I guess, being selfish,
[35:15.760 --> 35:23.760]  but I'm trying to be selfish in a way that is setting myself up to benefit my neighbors, you know, my family,
[35:23.760 --> 35:25.760]  because I'm very concerned with what's going on.
[35:25.760 --> 35:31.760]  But I do still find I'm snowboarding this winter and, you know, enjoying the cars that I like and, you know,
[35:31.760 --> 35:36.760]  petting my dog and cat, you know, so we've still got to be positive with that.
[35:36.760 --> 35:38.760]  I hope everybody out there is.
[35:38.760 --> 35:43.760]  And I look forward to hearing some more from you, Steve, that, you know, I can take some notes on.
[35:43.760 --> 35:48.760]  Hopefully I'd like to maybe know if you've read Modern Money Mechanics
[35:48.760 --> 35:50.760]  and if you could go into that a little bit.
[35:50.760 --> 35:58.760]  Right now it seems to be my bedtime story because I can't get more than two pages without falling asleep.
[35:58.760 --> 36:04.760]  Modern Money Mechanics, I don't believe I've read that one.
[36:04.760 --> 36:13.760]  You know, before I even go any further, you know, folks, it's people like Brian that are actually changing everything.
[36:13.760 --> 36:22.760]  And, you know, hearing somebody have that many little irons in the fire retaining that much just peace and joy
[36:22.760 --> 36:27.760]  and not, you know, succumbing to fear and having such a good attitude,
[36:27.760 --> 36:35.760]  it is what we have to look for as far as a new template for how do we go about our daily life.
[36:35.760 --> 36:41.760]  And I think the faster we can separate ourselves from all the gobbledygook out there and, you know,
[36:41.760 --> 36:44.760]  one little slice at a time and we will change it.
[36:44.760 --> 36:49.760]  If not, we'll at least change it within our friends and family circles.
[36:49.760 --> 36:53.760]  We'll change it in our small communities.
[36:53.760 --> 37:02.760]  You know, the whole Modern Money Mechanics thing, this is one of those topics that I kind of started off tonight
[37:02.760 --> 37:10.760]  of saying, you know, the system itself was designed by rocket scientists.
[37:10.760 --> 37:20.760]  These people put together a hyper complex interwoven system that is so tedious and intricate
[37:20.760 --> 37:27.760]  and almost beautiful if you look at it from far enough away that it's mind-blowing.
[37:27.760 --> 37:34.760]  And it was set up so outside the realm of your natural God-given programming
[37:34.760 --> 37:41.760]  that your brain is not hardwired to look out for all the little tripwires that they put out there for you.
[37:41.760 --> 37:44.760]  You weren't designed to see this stuff.
[37:44.760 --> 37:48.760]  You weren't designed to have to be on guard for this stuff.
[37:48.760 --> 37:55.760]  And the best success I've had over 20 years of trying to educate and help people understand what we're doing
[37:55.760 --> 38:02.760]  and the mess we're in is to try to always go back to the most simple facets of the equation
[38:02.760 --> 38:08.760]  and let that sink in because any of us could get absolutely blown away
[38:08.760 --> 38:13.760]  and bowled over with the complexity of just the financial system itself,
[38:13.760 --> 38:22.760]  let alone how the commerce changes, how people are getting paid, how international transactions are done,
[38:22.760 --> 38:25.760]  how fiduciaries and intermediaries function.
[38:25.760 --> 38:32.760]  I mean just the raw economics could take years of study.
[38:32.760 --> 38:39.760]  When it really comes down to crooked rat bastard runs everything, creates money out of thin air,
[38:39.760 --> 38:47.760]  charges all of us interest, we pay taxes to the biggest debt collector agency ever put together
[38:47.760 --> 38:54.760]  to make minimum payments on an interest that the payment for the interest has never been generated.
[38:54.760 --> 38:59.760]  That's really the whole system right there, everything else.
[38:59.760 --> 39:00.760]  Go ahead.
[39:00.760 --> 39:07.760]  Well, it is, Stephen, and I agree and I really have been big on just the basic principles
[39:07.760 --> 39:12.760]  and correct principles to have solutions.
[39:12.760 --> 39:16.760]  But with me personally maybe it's something I have to overcome.
[39:16.760 --> 39:24.760]  To really comprehend things fully in detail gives me a better ability to get other people to be on board
[39:24.760 --> 39:28.760]  and comprehend what is really going on in a simple way.
[39:28.760 --> 39:37.760]  How long have you been using that approach of trying to give more information and explanation to people
[39:37.760 --> 39:47.760]  because I have almost driven myself nuts trying to show very intelligent people a myriad of different ways
[39:47.760 --> 39:50.760]  of looking at the same picture.
[39:50.760 --> 39:52.760]  And they go, I don't know what you're talking about.
[39:52.760 --> 39:54.760]  That doesn't make any sense.
[39:54.760 --> 39:56.760]  Who cares?
[39:56.760 --> 39:58.760]  How could they ever let that happen anyway?
[39:58.760 --> 40:00.760]  Oh, you're just full of crap.
[40:00.760 --> 40:03.760]  Oh, cheer up, that kind of stuff.
[40:03.760 --> 40:06.760]  That's frustrating and you pray for them.
[40:06.760 --> 40:08.760]  Well, I pray for them all the time.
[40:08.760 --> 40:13.760]  But the only success I've ever really had that I could see,
[40:13.760 --> 40:19.760]  I'm sure there's plenty of successes I'll never know about and, you know, I'll take that reward later, okay?
[40:19.760 --> 40:27.760]  But right now the only success that I've ever visibly seen was just stick with the basics
[40:27.760 --> 40:32.760]  because I've learned from personal experience the more I try to share every little nuance
[40:32.760 --> 40:40.760]  that I've picked up along my path, people get turned off by it because they're like, well, wait a minute.
[40:40.760 --> 40:41.760]  I'm working two jobs.
[40:41.760 --> 40:42.760]  I'm raising a family.
[40:42.760 --> 40:44.760]  I take good care of the dog like you.
[40:44.760 --> 40:52.760]  I want to have time to pet the dog and cat before I pass out, hit the reset button, and repeat it all tomorrow.
[40:52.760 --> 40:56.760]  And you're telling me all this complicated stuff that just totally blew me away
[40:56.760 --> 41:02.760]  and makes me want to just walk away, sit down on the couch and watch the virus.
[41:02.760 --> 41:08.760]  Well, then maybe I've been successful because I've been questioned on it to the point of not being able to provide,
[41:08.760 --> 41:13.760]  you know, another better simple answer because of another question posed.
[41:13.760 --> 41:18.760]  And being that I didn't understand the complexities, I wasn't able to, you know, provide.
[41:18.760 --> 41:22.760]  Well, one of the questions that Deborah kind of set up for me was, you know,
[41:22.760 --> 41:30.760]  she really wanted me to touch tonight on, you know, what's going on with the manipulation of the banks, the Treasury,
[41:30.760 --> 41:38.760]  the exchanges with the precious metals, prices, the spot price, the futures prices.
[41:38.760 --> 41:39.760]  How does this work?
[41:39.760 --> 41:42.760]  How do they get away with this and what's going on?
[41:42.760 --> 41:47.760]  Yes, and I don't mean to interrupt you here on that.
[41:47.760 --> 41:51.760]  And I realize that that's going to take a while to explain all that.
[41:51.760 --> 41:56.760]  Before you go into that topic, unless Brian has something else,
[41:56.760 --> 42:01.760]  I want to go to our next caller because we've had another call that's been waiting for almost 45 minutes.
[42:01.760 --> 42:02.760]  Hold on.
[42:02.760 --> 42:03.760]  No more dialogue.
[42:03.760 --> 42:04.760]  Thank you.
[42:04.760 --> 42:05.760]  Appreciate your time and effort.
[42:05.760 --> 42:06.760]  Okay.
[42:06.760 --> 42:07.760]  Good one, Brian.
[42:07.760 --> 42:08.760]  Okay.
[42:08.760 --> 42:09.760]  I'm sorry.
[42:09.760 --> 42:10.760]  I didn't mean to like, you know, change direction midstream here,
[42:10.760 --> 42:13.760]  but I did want to be considerate to our caller.
[42:13.760 --> 42:15.760]  Well, you're the traffic cop, Deborah.
[42:15.760 --> 42:16.760]  Don't apologize.
[42:16.760 --> 42:17.760]  Okay.
[42:17.760 --> 42:21.760]  Now I want to consider myself more of like the, you know, director.
[42:21.760 --> 42:22.760]  There you go.
[42:22.760 --> 42:23.760]  Okay.
[42:23.760 --> 42:27.760]  So let's go to Brady in North Carolina.
[42:27.760 --> 42:29.760]  Brady, thanks for calling in.
[42:29.760 --> 42:31.760]  What is your question for our guest?
[42:31.760 --> 42:37.760]  First off, I want to say that this is an absolutely fantastic program, Steve.
[42:37.760 --> 42:44.760]  I am fully in agreement with everything that you have brought up tonight.
[42:44.760 --> 42:47.760]  A lot of this...
[42:47.760 --> 42:49.760]  I'll pray for you, brother.
[42:49.760 --> 42:50.760]  Yeah.
[42:50.760 --> 42:55.760]  A lot of this began touching my life back in 2003,
[42:55.760 --> 43:05.760]  but at least into the conscious realm, though I can go back further into the 90s when I made a paradigm shift
[43:05.760 --> 43:11.760]  in terms of dealing with debt and dealing with real wealth.
[43:11.760 --> 43:19.760]  And I'll try to explain that briefly and then get your feedback and comments.
[43:19.760 --> 43:24.760]  The first thing that I realized was that starting in the 1980s,
[43:24.760 --> 43:34.760]  when our Congress critters decided to do us a favor and help us with our retirement planning,
[43:34.760 --> 43:46.760]  and set up a 401K program that pretty much funneled the masses' desire to have a comfortable retirement
[43:46.760 --> 43:54.760]  into the stock market and to limited options of future enrichment.
[43:54.760 --> 44:04.760]  This funneling of money had an obvious effect on the stock market and investments.
[44:04.760 --> 44:11.760]  Simply look at any graph and see that exponential rise starting in that mid-'80s period.
[44:11.760 --> 44:12.760]  Kind of like a bubble?
[44:12.760 --> 44:15.760]  Yeah, kind of like a bubble, as a matter of fact.
[44:15.760 --> 44:30.760]  But the ingenious scam that they were perpetrating apparently was based on this fiat and inflationary money system
[44:30.760 --> 44:35.760]  where not everyone suffers from inflation.
[44:35.760 --> 44:41.760]  The people who get to use the money first benefit greatly from inflation.
[44:41.760 --> 44:49.760]  It's not until the money has made its way through the marketplace and slams against us
[44:49.760 --> 44:55.760]  as we near our retirement that those negative effects become apparent.
[44:55.760 --> 45:09.760]  So some of the changes I made in my life was in 1986 I sold a Porsche that I had financed for the bank.
[45:09.760 --> 45:10.760]  What model?
[45:10.760 --> 45:20.760]  It was a 928 S4 and bought a 1982 Chrysler Diplomat.
[45:20.760 --> 45:27.760]  You want to talk about a shot to self-esteem and just the pleasure of driving,
[45:27.760 --> 45:35.760]  but what I encouraged myself with was I didn't stop making car payments.
[45:35.760 --> 45:38.760]  I just stopped making them to the bank.
[45:38.760 --> 45:43.760]  And I started in 1996 making car payments to myself.
[45:43.760 --> 45:51.760]  Same car payment I was making before, but if I ran into trouble, I could delay a payment.
[45:51.760 --> 45:55.760]  I never skipped a payment, but I would delay it and then catch it up.
[45:55.760 --> 45:56.760]  And guess what?
[45:56.760 --> 45:58.760]  Nobody took my Chrysler Diplomat away.
[45:58.760 --> 46:07.760]  In fact, probably nobody wanted it, but I was able to work my way back up through a couple of BMWs
[46:07.760 --> 46:18.760]  and in 2003 that I mentioned before is when I discovered the true scam of the fiat currency
[46:18.760 --> 46:28.760]  and began buying gold and silver at $5.70 for silver and $3.40 at gold.
[46:28.760 --> 46:35.760]  And for anyone who happens to exchange their fiat money for precious metals
[46:35.760 --> 46:43.760]  just to see it get slammed by the cartel, let me give you an experience I had.
[46:43.760 --> 46:47.760]  I purchased my first metal at $340.
[46:47.760 --> 46:52.760]  Shortly after that it skyrocketed to $375.
[46:52.760 --> 46:56.760]  Was that during the 2002 breakout?
[46:56.760 --> 46:59.760]  That was 2002, 2003.
[46:59.760 --> 47:06.760]  It could have been 2002 if it were an initial breakout, but as it pulled back to $340 is when I started buying.
[47:06.760 --> 47:14.760]  But as it went up to $375, I dumped a bunch of money in and just to see it go back down under $340,
[47:14.760 --> 47:17.760]  I went, oh, God, I'm such a fool, I'm such a fool.
[47:17.760 --> 47:22.760]  So for anyone who's looking at money they may have put into gold
[47:22.760 --> 47:29.760]  during the past six months or a year, get $1,000, it's nothing.
[47:29.760 --> 47:38.760]  It's nothing because part of the problem that we face is the paradigm
[47:38.760 --> 47:44.760]  that we are valuing everything in a fiat currency dollar.
[47:44.760 --> 47:46.760]  Can I interrupt you for a second?
[47:46.760 --> 47:48.760]  Sure, you can, please, sir.
[47:48.760 --> 47:55.760]  So in the 2002 period I remember talking to one of the largest,
[47:55.760 --> 48:01.760]  or I was talking to a director of one of the largest exchanges in the world.
[48:01.760 --> 48:08.760]  And this now, you know, he was a director, which is like a high-level minion, okay?
[48:08.760 --> 48:11.760]  And I somehow got him on the subject of gold
[48:11.760 --> 48:14.760]  because he kept watching me play the options market all the time,
[48:14.760 --> 48:17.760]  and I did pretty decent with it.
[48:17.760 --> 48:21.760]  And he kept asking me, he's like, why do you keep cashing in, you know,
[48:21.760 --> 48:25.760]  about 15 or 18 percent of your winnings and taking it home?
[48:25.760 --> 48:29.760]  Why don't you grow the account and keep applying your same formulas to it?
[48:29.760 --> 48:32.760]  And I said, well, I'm taking that money out and I'm buying physical.
[48:32.760 --> 48:35.760]  And he starts uproariously laughing at me.
[48:35.760 --> 48:37.760]  He's like, Steve, what the hell are you doing, man?
[48:37.760 --> 48:41.760]  You're going to buy it at $330 and sell it at, what, $380?
[48:41.760 --> 48:43.760]  He's like, it's not worth the shipping cost.
[48:43.760 --> 48:50.760]  And I said, no, no, no, John, I'm going to buy it at $300 and I'm going to sell it at $3,000.
[48:50.760 --> 48:53.760]  And then he laughed even harder.
[48:53.760 --> 48:56.760]  And then I said, you mark my words, the day is coming where the Dow Jones
[48:56.760 --> 49:00.760]  and an ounce of gold will have the same number.
[49:00.760 --> 49:06.760]  Now, that flashed forward until about a month or two ago.
[49:06.760 --> 49:13.760]  He asked me, hey, now that gold's knocking on $1,000, what do you do?
[49:13.760 --> 49:15.760]  And I said, well, I can't tell you what to do, obviously,
[49:15.760 --> 49:18.760]  but I keep adding more all the time.
[49:18.760 --> 49:20.760]  And he said, you don't think this is a good time to cash in?
[49:20.760 --> 49:22.760]  And I said, you know what?
[49:22.760 --> 49:27.760]  This might be a great time to watch $100 or $200 come off the price,
[49:27.760 --> 49:31.760]  a normal bull market correction.
[49:31.760 --> 49:35.760]  See, Richard Russell came up with the perfect way to describe a bull market.
[49:35.760 --> 49:40.760]  You get involved in something because it has a profit potential to it.
[49:40.760 --> 49:45.760]  And like any good bull, it will buck and twist and jump and slam you around,
[49:45.760 --> 49:49.760]  hoping that it can get you off.
[49:49.760 --> 49:53.760]  And then the bull keeps right on moving anyway.
[49:53.760 --> 49:59.760]  And this director, he now talks to me about his monthly gold
[49:59.760 --> 50:04.760]  and silver acquisition strategy, which I find really, really comforting.
[50:04.760 --> 50:06.760]  I'm sorry, I just wanted to throw that in.
[50:06.760 --> 50:08.760]  No, that is perfect.
[50:08.760 --> 50:18.760]  That's a wonderful antidote and ties right in to my thought and what prompted me to call.
[50:18.760 --> 50:27.760]  It has occurred to me recently that this whole idea of the price of gold going up
[50:27.760 --> 50:34.760]  and the profit potential ties back into the fact that we're being controlled
[50:34.760 --> 50:40.760]  by the clearing mechanism, which is to say that you certainly had an excellent
[50:40.760 --> 50:47.760]  conversation with Brian about exchanging precious metals with people that you interact with,
[50:47.760 --> 50:54.760]  but the biggest challenge is to get people to pay you to do so.
[50:54.760 --> 50:57.760]  And that comes back to the clearing mechanism.
[50:57.760 --> 51:05.760]  We value gold in a dollar amount that is nothing more than a gift certificate.
[51:05.760 --> 51:09.760]  Those paper dollars have no value beyond their ability to exchange them
[51:09.760 --> 51:11.760]  for real goods and services.
[51:11.760 --> 51:13.760]  That's why I call them coupons.
[51:13.760 --> 51:15.760]  Coupons is perfect.
[51:15.760 --> 51:20.760]  For instance, I'm the architectural and commercial photographer,
[51:20.760 --> 51:26.760]  and I on a regular basis submit bills to my regular clients and give them an option.
[51:26.760 --> 51:29.760]  I cannot demand, unfortunately, that they pay me in gold and silver.
[51:29.760 --> 51:31.760]  They'll throw me in jail.
[51:31.760 --> 51:36.760]  I don't agree with that, but that's the cards that they have on the table.
[51:36.760 --> 51:37.760]  So I give them an option.
[51:37.760 --> 51:42.760]  They can pay me $1,250 a day in fiat currency.
[51:42.760 --> 51:49.760]  They can pay me $50 in gold, which today would cost them roughly $950.
[51:49.760 --> 51:51.760]  But this isn't your fault.
[51:51.760 --> 51:53.760]  That's what the men stamped on it.
[51:53.760 --> 51:55.760]  Yes, exactly.
[51:55.760 --> 52:06.760]  Or they can pay me $60 in silver, which would cost them, oh, gosh, about $340.
[52:06.760 --> 52:12.760]  No, I'm sorry, would be about $980.
[52:12.760 --> 52:15.760]  So I give them that option, and almost everyone says,
[52:15.760 --> 52:16.760]  well, that sounds like a great deal.
[52:16.760 --> 52:19.760]  I don't waste money by doing it, however, it's not a problem,
[52:19.760 --> 52:24.760]  and it doesn't fit into my accounting, and it goes back to that clearing mechanism.
[52:24.760 --> 52:30.760]  They have controlled the clearing mechanism so that companies either can't be bothered
[52:30.760 --> 52:39.760]  or just find it too alien to do anything other than pay you in federal reserve notes.
[52:39.760 --> 52:44.760]  Now, on my part, I think what I have to absolutely have for my daily living expenses
[52:44.760 --> 52:49.760]  is to convert the rest of it into what I consider being real wealth.
[52:49.760 --> 52:51.760]  A good portion of that's gold and silver,
[52:51.760 --> 52:55.760]  but I have other things I consider to be wealth as well.
[52:55.760 --> 53:01.760]  Just to jump back on that car thing and to close that out,
[53:01.760 --> 53:04.760]  I did work my way up through a couple of BMWs,
[53:04.760 --> 53:09.760]  and I just recently sold enough silver to pay cash for a Porsche Boxster.
[53:09.760 --> 53:13.760]  So I'm now back into a Porsche, and I'm still making car payments to myself.
[53:13.760 --> 53:15.760]  But you're debt-free.
[53:15.760 --> 53:17.760]  Yeah, exactly.
[53:17.760 --> 53:22.760]  I left the car payment because I thought that a Porsche was worth more,
[53:22.760 --> 53:25.760]  but that just means I'm buying more silver every month.
[53:25.760 --> 53:30.760]  And my license tag is AG986.
[53:30.760 --> 53:38.760]  986 being the model number for the Boxster and AG being the symbol for silver.
[53:38.760 --> 53:41.760]  And it is, by the way, silver in color.
[53:41.760 --> 53:47.760]  But a new strategy that I could throw out is something that I do.
[53:47.760 --> 53:49.760]  Can I throw something in there?
[53:49.760 --> 53:52.760]  Every car that we have is silver.
[53:52.760 --> 53:53.760]  I'm sorry?
[53:53.760 --> 53:56.760]  Every car we have and have had for years is silver.
[53:56.760 --> 53:59.760]  And people ask me, why do you always have a silver car?
[53:59.760 --> 54:03.760]  And I say, because that's where the money comes from.
[54:03.760 --> 54:05.760]  Perfect.
[54:05.760 --> 54:10.760]  Steve, what do you expect to happen to silver in the next few months?
[54:10.760 --> 54:14.760]  Yes, and listen, Brady, we need to, I'm sorry,
[54:14.760 --> 54:18.760]  we need to move on here because Steve has a lot of talking points
[54:18.760 --> 54:22.760]  that he still needs to get to before the end of the show,
[54:22.760 --> 54:24.760]  and there's another call or so.
[54:24.760 --> 54:25.760]  Yes, indeed.
[54:25.760 --> 54:26.760]  Well, thank you so much.
[54:26.760 --> 54:27.760]  Okay, thank you.
[54:27.760 --> 54:32.760]  And Steve, I'll just say one last thing that I'll throw out for everyone's benefit,
[54:32.760 --> 54:38.760]  waiting if they can help themselves save, and then I'll hang up.
[54:38.760 --> 54:43.760]  I just thought that the government shouldn't be the only one who could benefit from taxation,
[54:43.760 --> 54:49.760]  so I self-tax myself by every purchase I make, I pay paper dollars,
[54:49.760 --> 54:52.760]  and any change that I get back I throw in a jar.
[54:52.760 --> 54:58.760]  And then the month I go to my local coin shop and exchange it for one to two or three silver dollars.
[54:58.760 --> 55:01.760]  Yes, we all need to be putting away some medals there.
[55:01.760 --> 55:02.760]  Okay, thank you very much, Brady.
[55:02.760 --> 55:04.760]  We appreciate you calling in.
[55:04.760 --> 55:05.760]  All right.
[55:05.760 --> 55:06.760]  Thank you, everyone.
[55:06.760 --> 55:07.760]  Have a good night.
[55:07.760 --> 55:08.760]  Thanks, Brady.
[55:08.760 --> 55:09.760]  Okay.
[55:09.760 --> 55:11.760]  Okay, we have another caller, Carl in Texas.
[55:11.760 --> 55:14.760]  Carl, if you would just hold tight for a moment.
[55:14.760 --> 55:20.760]  I would like – well, actually, yes, let's go to Carl's question real quick,
[55:20.760 --> 55:24.760]  because at the top of the hour – we've got about four minutes left until the break,
[55:24.760 --> 55:28.760]  and then at the top of the hour I want to have our guest, Steve,
[55:28.760 --> 55:31.760]  go into the futures markets and medals and how they manipulate the spot price.
[55:31.760 --> 55:33.760]  So let's take Carl's question.
[55:33.760 --> 55:35.760]  Carl, what is your question for our guest?
[55:35.760 --> 55:42.760]  Yes, Steve, I had recently liquidated all real estate and went into the medal.
[55:42.760 --> 55:48.760]  And just in trying to figure out here on not getting it back into real estate too soon,
[55:48.760 --> 55:54.760]  I think that real estate is going to become a depreciating liability,
[55:54.760 --> 55:57.760]  where we've always known it as an appreciating asset.
[55:57.760 --> 55:58.760]  Right.
[55:58.760 --> 56:04.760]  And how long will that continue, and or will it continue for a long time?
[56:04.760 --> 56:10.760]  And like rural property becomes more valuable than urban property.
[56:10.760 --> 56:13.760]  Carl, you're just a fountain here.
[56:13.760 --> 56:15.760]  Number one, I couldn't agree with you more.
[56:15.760 --> 56:17.760]  You're spot on.
[56:17.760 --> 56:22.760]  Rural property is already vastly more valuable.
[56:22.760 --> 56:26.760]  Out in my area, crime is unheard of.
[56:26.760 --> 56:28.760]  Taxes are as cheap as dirt.
[56:28.760 --> 56:31.760]  I'm surrounded by food.
[56:31.760 --> 56:36.760]  To me, I already have wealth and abundance beyond anything else I could have.
[56:36.760 --> 56:41.760]  If I go, my brother-in-law just built like a $1.4 million house,
[56:41.760 --> 56:43.760]  and he can afford it, okay?
[56:43.760 --> 56:45.760]  He didn't over-leverage himself.
[56:45.760 --> 56:47.760]  He has a knockout business.
[56:47.760 --> 56:50.760]  He does great business.
[56:50.760 --> 56:52.760]  He works extremely hard.
[56:52.760 --> 56:57.760]  He earned every penny he has, and he's like 55 years old,
[56:57.760 --> 57:02.760]  and he finally saved kind of like Brady did with his cars.
[57:02.760 --> 57:08.760]  He lived in very small, way under his lifestyle or earning potential homes
[57:08.760 --> 57:11.760]  so he could afford to build his dream house.
[57:11.760 --> 57:13.760]  And he had asked me, you know, is this something that I really want to do?
[57:13.760 --> 57:16.760]  And I said, oh, hell no, don't touch this.
[57:16.760 --> 57:19.760]  And he said, but, you know, I've lived my whole life trying to dream for this.
[57:19.760 --> 57:27.760]  I said, look, if you can afford for the value of that home to drop by 70%
[57:27.760 --> 57:30.760]  and it won't ruin you, then go ahead and do it,
[57:30.760 --> 57:36.760]  because there's also a quality of life that comes from wealth.
[57:36.760 --> 57:40.760]  And if you're not willing to ever dip into the cookie jar and have a cookie,
[57:40.760 --> 57:43.760]  what is the point of having 2,000 cookies in reserve
[57:43.760 --> 57:46.760]  if you never even get to eat one of them?
[57:46.760 --> 57:51.760]  Now, as far as the real estate market, you know, I'm no expert,
[57:51.760 --> 57:56.760]  but I believe we're in a depression already, and we have been for about seven months.
[57:56.760 --> 58:01.760]  Okay, Debra, we're going to a break.
[58:01.760 --> 58:03.760]  I'll pick up when we come back.
[58:03.760 --> 58:04.760]  Yes, yeah, we're going to break.
[58:04.760 --> 58:05.760]  We're at the top of the hour.
[58:05.760 --> 58:07.760]  We've got one more hour.
[58:07.760 --> 58:12.760]  Carl, sit tight so that Steve can finish answering your question.
[58:12.760 --> 58:20.760]  And then after that, we're going to discuss how these banksters manipulate the spot prices of metals
[58:20.760 --> 58:23.760]  through the futures markets and other means,
[58:23.760 --> 58:29.760]  and if there's anything we can do about it and how can we take advantage of the situation.
[58:29.760 --> 58:32.760]  So with that being said, we're going to break top of the hour.
[58:32.760 --> 58:35.760]  This is the rule of law, Randy Kelton, Debra Stevens, Eddie Craig,
[58:35.760 --> 58:37.760]  and our very special guest, Steve.
[58:37.760 --> 58:42.760]  We'll be right back.
[59:07.760 --> 59:12.760]  We'll be right back.
[59:37.760 --> 01:00:05.760]  You are listening to the Rule of Law Radio Network at ruleoflawradio.com,
[01:00:05.760 --> 01:00:23.760]  a live free speech talk radio at its best.
[01:00:23.760 --> 01:00:35.760]  The preacher man says it's the end of time and the Mississippi River, she's a gold cry.
[01:00:35.760 --> 01:00:46.760]  The interest is up and the stock market's down and you're only getting mugged if you go downtown.
[01:00:46.760 --> 01:00:56.760]  I live back in the woods you see, a woman and the kids and the dogs and me.
[01:00:56.760 --> 01:01:03.760]  I got a shotgun, a rifle and a four wheel drive and a country boy can't survive.
[01:01:03.760 --> 01:01:11.760]  Country boy can't survive.
[01:01:11.760 --> 01:01:22.760]  I can fly with field all day long, I can catch catfish from dust till dawn.
[01:01:22.760 --> 01:01:33.760]  I make our own whiskey and I own smoke too, ain't too many things these old boys can't do.
[01:01:33.760 --> 01:01:40.760]  We grow good old tomatoes and homemade wine and country boy can't survive.
[01:01:40.760 --> 01:01:47.760]  Country boy can't survive.
[01:01:47.760 --> 01:01:55.760]  Because you can't drive us out and you can't make us run, those wooden moon boys raised on shotguns.
[01:01:55.760 --> 01:02:04.760]  We say great, we say man, if you ain't into that, we don't give a damn.
[01:02:04.760 --> 01:02:15.760]  We came from the West Virginia coal mines and the Rocky Mountains and the western skies.
[01:02:15.760 --> 01:02:22.760]  And we can skin a butt, we can run a trot line and a country boy can't survive.
[01:02:22.760 --> 01:02:30.760]  Country boy can't survive.
[01:02:30.760 --> 01:02:41.760]  I had a good friend in New York City, he never called me by my name, just he'll kill him.
[01:02:41.760 --> 01:02:52.760]  My grandpa taught me how to live off the land and he taught him to be a business man.
[01:02:52.760 --> 01:03:03.760]  He used to send me pictures of the Broadway night and I'd send him some homemade wine.
[01:03:03.760 --> 01:03:06.760]  Alright, we are back.
[01:03:06.760 --> 01:03:08.760]  The rule of law.
[01:03:08.760 --> 01:03:13.760]  Country boys and girls can survive.
[01:03:13.760 --> 01:03:15.760]  We know how to live off the land.
[01:03:15.760 --> 01:03:17.760]  We don't need these banksters.
[01:03:17.760 --> 01:03:26.760]  Okay, alright, please finish up, Steve, with where you were going with this before the break, with Carl.
[01:03:26.760 --> 01:03:28.760]  Well, is Carl still on?
[01:03:28.760 --> 01:03:29.760]  Yes, Carl, you still with us?
[01:03:29.760 --> 01:03:30.760]  I'm still here.
[01:03:30.760 --> 01:03:34.760]  Okay, Carl, I'm sorry, I got distracted by something else.
[01:03:34.760 --> 01:03:39.760]  I went and dug up in reaction to what Brady had brought up,
[01:03:39.760 --> 01:03:43.760]  and I want to touch on this as soon as I finish answering your question.
[01:03:43.760 --> 01:03:48.760]  Would you please repeat the question to the point where I have an answer to you?
[01:03:48.760 --> 01:03:53.760]  I guess what I was after is since I had liquidated my position in real estate,
[01:03:53.760 --> 01:03:58.760]  from what I gathered, it would still be good to go back and get more real estate,
[01:03:58.760 --> 01:04:03.760]  but get it, like you say, in the country where you could do more of an agrarian lifestyle
[01:04:03.760 --> 01:04:10.760]  and not be afraid to put a good portion, say 35, 40 percent of your money back into property,
[01:04:10.760 --> 01:04:13.760]  even in a declining market.
[01:04:13.760 --> 01:04:19.760]  Well, Carl, let me cut you off here, because the question,
[01:04:19.760 --> 01:04:23.760]  even if you bring up multiple facets within the question,
[01:04:23.760 --> 01:04:29.760]  we could spend an entire show just talking about this one simple fact.
[01:04:29.760 --> 01:04:31.760]  When do you get back in?
[01:04:31.760 --> 01:04:36.760]  At the height of the market, going back to that seminar that I did in Minnesota,
[01:04:36.760 --> 01:04:41.760]  I picked up a newspaper, and it was grotesquely lopsided,
[01:04:41.760 --> 01:04:46.760]  tons and tons, you know, a half-inch thick of paper versus one page with holes in it
[01:04:46.760 --> 01:04:49.760]  where the jobs were coming from.
[01:04:49.760 --> 01:04:53.760]  At the time, there were so many people saying, Steve, you are crazy.
[01:04:53.760 --> 01:04:55.760]  You make good money.
[01:04:55.760 --> 01:04:59.760]  You have a small house in the country.
[01:04:59.760 --> 01:05:03.760]  You can afford to really leverage up and participate in this money machine
[01:05:03.760 --> 01:05:05.760]  that we're taking part in.
[01:05:05.760 --> 01:05:07.760]  But you guys are nuts.
[01:05:07.760 --> 01:05:09.760]  You're taking part of a nightmare.
[01:05:09.760 --> 01:05:12.760]  You just don't see it yet.
[01:05:12.760 --> 01:05:20.760]  When you see, you know, like 10 people at your workplace or at the next family gathering,
[01:05:20.760 --> 01:05:24.760]  when you really want to know where are we, and you say, you know what,
[01:05:24.760 --> 01:05:25.760]  you come up with a number.
[01:05:25.760 --> 01:05:30.760]  I just inherited 150 grand, and I'm thinking of buying some real estate.
[01:05:30.760 --> 01:05:35.760]  When you see 10 out of 10 of them jump on you and say, what are you, nuts?
[01:05:35.760 --> 01:05:37.760]  Don't you know what's going on?
[01:05:37.760 --> 01:05:39.760]  A real estate has been obliterated.
[01:05:39.760 --> 01:05:40.760]  You're going to lose money.
[01:05:40.760 --> 01:05:43.760]  It's a guaranteed loser.
[01:05:43.760 --> 01:05:48.760]  Chances are pretty good around that point in time, a good time to start buying,
[01:05:48.760 --> 01:05:51.760]  because you're on the other side of the boat.
[01:05:51.760 --> 01:05:56.760]  You're selling and renting chairs, popcorn and margaritas to all the people who are going to come back
[01:05:56.760 --> 01:06:01.760]  from the other side of the boat, and that's where you make money.
[01:06:01.760 --> 01:06:10.760]  One of the things I want to touch on really quick, Carl, is a comment that Brady had made prior to him leaving.
[01:06:10.760 --> 01:06:16.760]  Where I thought he was going with this was to try to tell and inform people.
[01:06:16.760 --> 01:06:22.760]  When you flip compound interest on its head and don't pay it out to others but pay it to yourself,
[01:06:22.760 --> 01:06:29.760]  you are on the fast track to great wealth, and I cannot stress that enough.
[01:06:29.760 --> 01:06:35.760]  This is why I keep coming back to networking, trading, getting a tight circle of friends,
[01:06:35.760 --> 01:06:42.760]  family and associates together that you can remove the middleman as often as possible,
[01:06:42.760 --> 01:06:45.760]  even if it seems trite or small.
[01:06:45.760 --> 01:06:51.760]  You want to do it anyway, because every single penny actually makes a difference,
[01:06:51.760 --> 01:06:56.760]  and that is not a statement to sound cool or to give false hope.
[01:06:56.760 --> 01:07:03.760]  One of the guys that works for me, I was having this whole economic thing with him about nine months ago,
[01:07:03.760 --> 01:07:09.760]  and he kind of rolled his eyes and was giving me that, Steve, you know, you pay me good and I work hard
[01:07:09.760 --> 01:07:14.760]  and you treat me right, but I'm not making big bucks here.
[01:07:14.760 --> 01:07:16.760]  And I said to him, what are you, nuts?
[01:07:16.760 --> 01:07:22.760]  You're making fantastic money. You just use it and spend it very foolishly.
[01:07:22.760 --> 01:07:27.760]  And he got a little upset with me, but we're kind of close, so I can be honest with him.
[01:07:27.760 --> 01:07:33.760]  And he said, okay, wise guy, well, tell me on my paycheck what do I do?
[01:07:33.760 --> 01:07:36.760]  And I said, okay, what's your mortgage payment? What's your car payment?
[01:07:36.760 --> 01:07:37.760]  What do you spend a month on food?
[01:07:37.760 --> 01:07:43.760]  I just wrote this down real quick, and I said, okay, let me ask you a question.
[01:07:43.760 --> 01:07:46.760]  Deborah, this is why I asked you for 20 seconds.
[01:07:46.760 --> 01:07:47.760]  Oh, sure, go ahead.
[01:07:47.760 --> 01:07:53.760]  Let's say I give, Deborah, I'm going to ask this question to you, not to Carl, okay?
[01:07:53.760 --> 01:07:54.760]  Okay.
[01:07:54.760 --> 01:07:55.760]  Because I want to change gears here.
[01:07:55.760 --> 01:08:00.760]  So if we want to let Carl go, I think we've kind of touched on what he brought up.
[01:08:00.760 --> 01:08:03.760]  Okay, Carl, thank you so much for calling in.
[01:08:03.760 --> 01:08:04.760]  Thank you.
[01:08:04.760 --> 01:08:05.760]  All right.
[01:08:05.760 --> 01:08:06.760]  Thanks, Your Honor.
[01:08:06.760 --> 01:08:07.760]  Okay, go ahead, Steve.
[01:08:07.760 --> 01:08:16.760]  If I give you a penny on the first day of September, okay, and I double your penny every day for the month of September,
[01:08:16.760 --> 01:08:20.760]  take a guess, how much money would you have at the end of the month?
[01:08:20.760 --> 01:08:21.760]  No, wait a minute.
[01:08:21.760 --> 01:08:27.760]  You're saying that if you give me a penny on the first of September and then you're going to...
[01:08:27.760 --> 01:08:28.760]  Double it.
[01:08:28.760 --> 01:08:32.760]  You're going to keep giving, you're going to give me two more pennies every day?
[01:08:32.760 --> 01:08:33.760]  Well...
[01:08:33.760 --> 01:08:34.760]  What do you mean by double it?
[01:08:34.760 --> 01:08:36.760]  On the first, I'm going to give you a penny.
[01:08:36.760 --> 01:08:37.760]  Okay.
[01:08:37.760 --> 01:08:39.760]  On the second, I'll give you two pennies.
[01:08:39.760 --> 01:08:40.760]  Oh, okay, excellent.
[01:08:40.760 --> 01:08:44.760]  On the third, your two pennies would become four pennies.
[01:08:44.760 --> 01:08:48.760]  I'm not going to add the double to the previous day.
[01:08:48.760 --> 01:08:52.760]  Steve, careful, she was a math professor.
[01:08:52.760 --> 01:08:55.760]  It's in the millions.
[01:08:55.760 --> 01:09:02.760]  Okay, well, I'm checking my calendar just to get this straight so I don't come off like an idiot, okay?
[01:09:02.760 --> 01:09:06.760]  September has 30 days in it, okay?
[01:09:06.760 --> 01:09:16.760]  On a 30-day month, your penny will become $5,368,109.12.
[01:09:16.760 --> 01:09:18.760]  Wow.
[01:09:18.760 --> 01:09:26.760]  Okay, so anybody who tells me they don't make enough or have enough to like support this radio station,
[01:09:26.760 --> 01:09:31.760]  to save, to get out from under debt, you are the worst of all liars.
[01:09:31.760 --> 01:09:37.760]  Because you're lying to yourself, like Shakespeare would say, to thine own self be true.
[01:09:37.760 --> 01:09:40.760]  Now, here's where the rub is.
[01:09:40.760 --> 01:09:41.760]  Here's the catch.
[01:09:41.760 --> 01:09:45.760]  You have to keep doubling your money to pull that off.
[01:09:45.760 --> 01:09:53.760]  Well, if you don't listen to the mainstream media and you keep sitting on the opposite side of the boat,
[01:09:53.760 --> 01:09:57.760]  the one, you know, not leaning towards the side where it will tip where all the people are,
[01:09:57.760 --> 01:10:02.760]  you have a chance to do what I kind of brought up with Brittany and Carl.
[01:10:02.760 --> 01:10:08.760]  Start setting up, you know, the margarita stand, and I'll rent you some seats,
[01:10:08.760 --> 01:10:14.760]  and here's the premier spot, and start coming up with little cottage niches that will be very profitable
[01:10:14.760 --> 01:10:18.760]  for when everybody goes, wow, this part of the boat sucks.
[01:10:18.760 --> 01:10:20.760]  I'm coming over to your side.
[01:10:20.760 --> 01:10:25.760]  Because if you can be there and have a product, a skill, or a trade that they need
[01:10:25.760 --> 01:10:30.760]  before they know they need it, you are going to be wealthy.
[01:10:30.760 --> 01:10:33.760]  So now where do you start?
[01:10:33.760 --> 01:10:40.760]  I don't know anybody who doesn't have one to 500 bucks that they can begin with.
[01:10:40.760 --> 01:10:47.760]  If you're really willing to not go out to a couple dinners, maybe skip a couple movies,
[01:10:47.760 --> 01:10:52.760]  you know, whatever you have to do in your life, you get a start.
[01:10:52.760 --> 01:10:58.760]  So let's say you started with $163.84.
[01:10:58.760 --> 01:11:02.760]  That's your whole world reserve currency right there, okay?
[01:11:02.760 --> 01:11:06.760]  You're already on day number 15 of your 30 days.
[01:11:06.760 --> 01:11:10.760]  You're halfway to being a multimillionaire.
[01:11:10.760 --> 01:11:15.760]  It sounds nuts, but this is one of the points that I think Brady,
[01:11:15.760 --> 01:11:19.760]  I wish he had been a little more concise in his targeting,
[01:11:19.760 --> 01:11:23.760]  because I really believe this is where this man wanted to take it.
[01:11:23.760 --> 01:11:29.760]  When you stop paying the middleman every couple payments, you're making money.
[01:11:29.760 --> 01:11:35.760]  The interest doesn't go out to some mystery jackass in a $3,000 suit.
[01:11:35.760 --> 01:11:37.760]  It goes to you.
[01:11:37.760 --> 01:11:39.760]  It goes to your war chest.
[01:11:39.760 --> 01:11:46.760]  It goes to your savings to build up equity and capital, getting ready for the next wave,
[01:11:46.760 --> 01:11:51.760]  where you can get there before everybody else, before everybody knows it's cool,
[01:11:51.760 --> 01:11:55.760]  because by the time everybody knows it's cool, it's not cool.
[01:11:55.760 --> 01:11:58.760]  It's not a good place to be.
[01:11:58.760 --> 01:12:03.760]  This real estate market, we've already suffered some big losses.
[01:12:03.760 --> 01:12:05.760]  I mean, that's pretty much evidence right now.
[01:12:05.760 --> 01:12:08.760]  Well, a couple years ago on conference calls and seminars,
[01:12:08.760 --> 01:12:10.760]  I'd almost get laughed out of the room.
[01:12:10.760 --> 01:12:13.760]  Nobody laughs at me anymore.
[01:12:13.760 --> 01:12:18.760]  And the thing is, the sad thing is, we have a long way to go,
[01:12:18.760 --> 01:12:22.760]  not only before this real estate correction is over,
[01:12:22.760 --> 01:12:26.760]  but before the price correction is over, because the point that Carl brought up,
[01:12:26.760 --> 01:12:31.760]  I believe it was Carl, was that the property is actually a liability.
[01:12:31.760 --> 01:12:37.760]  If I buy silver or I buy gold or platinum or diamonds,
[01:12:37.760 --> 01:12:47.760]  how else can you transport a million dollars privately, securely, indiscretely?
[01:12:47.760 --> 01:12:49.760]  You can't pick up a house and move it.
[01:12:49.760 --> 01:12:52.760]  That house is a target.
[01:12:52.760 --> 01:12:57.760]  It's a big dollar sign with a barrel of a gun pointing at it.
[01:12:57.760 --> 01:13:01.760]  If you think you own real estate in today's modern America, you're a fool.
[01:13:01.760 --> 01:13:05.760]  Try not paying your income or your property taxes just once
[01:13:05.760 --> 01:13:11.760]  and see how much of that house you're paid in full house you own.
[01:13:11.760 --> 01:13:14.760]  But when you are putting your money in tangibles,
[01:13:14.760 --> 01:13:18.760]  then you're putting them in transportable tangibles.
[01:13:18.760 --> 01:13:20.760]  I've had people within my own circle say,
[01:13:20.760 --> 01:13:23.760]  why are you buying so many machine tools and stuff?
[01:13:23.760 --> 01:13:27.760]  Because I can build and make and create and employ with them.
[01:13:27.760 --> 01:13:32.760]  Plus, I'm buying them for five to ten cents on the dollar of their regular worth,
[01:13:32.760 --> 01:13:36.760]  not cherry picking, the best ones I can get my hands on.
[01:13:36.760 --> 01:13:43.760]  Because at some point, even if buyers in America don't materialize,
[01:13:43.760 --> 01:13:49.760]  there's an entire world full of Asians sitting on mountains of United States
[01:13:49.760 --> 01:13:57.760]  dollar-denominated debt instruments that are recognized as legal tender, right?
[01:13:57.760 --> 01:14:02.760]  Well, what if I just take up a handful of these empty shipping containers
[01:14:02.760 --> 01:14:05.760]  sitting at different ports, fill them up full of goods,
[01:14:05.760 --> 01:14:09.760]  put them off to Long Beach by rail to get them to Long Beach,
[01:14:09.760 --> 01:14:17.760]  and then send them off to Asia in trade for a basketful of dollar-denominated debt instruments?
[01:14:17.760 --> 01:14:24.760]  Now I could go to a bank and say, I'd like to pay off every mortgage in my town.
[01:14:24.760 --> 01:14:26.760]  How much would that cost?
[01:14:26.760 --> 01:14:29.760]  Okay, would you accept T-bills?
[01:14:29.760 --> 01:14:31.760]  You get it?
[01:14:31.760 --> 01:14:34.760]  Yep.
[01:14:34.760 --> 01:14:38.760]  You cannot do that if you're on the wrong side of the boat.
[01:14:38.760 --> 01:14:41.760]  You're fully long the stock market.
[01:14:41.760 --> 01:14:46.760]  You're fully long paper assets when everybody's on that side of the boat.
[01:14:46.760 --> 01:14:48.760]  Who the hell is going to buy the next round of them?
[01:14:48.760 --> 01:14:54.760]  Where is the liquidity going to come from, the money it takes to do the transaction,
[01:14:54.760 --> 01:14:59.760]  when the pendulum begins to, again, swing right back in the direction it just came from
[01:14:59.760 --> 01:15:05.760]  from last fall and the beginning of this year when the markets head back down?
[01:15:05.760 --> 01:15:14.760]  So trying to tie this back into what I believe is one of the biggest points of the night, the metals market.
[01:15:14.760 --> 01:15:20.760]  To me, this is going to be for the next couple years quite possibly.
[01:15:20.760 --> 01:15:21.760]  Again, I can't give advice.
[01:15:21.760 --> 01:15:22.760]  It's just an opinion.
[01:15:22.760 --> 01:15:29.760]  But my opinion is this is going to be one of the greatest wealth vehicles of the next decade.
[01:15:29.760 --> 01:15:33.760]  I think we're less than halfway to a third, somewhere in there,
[01:15:33.760 --> 01:15:40.760]  into the primary bull market for precious metals and tangible commodities.
[01:15:40.760 --> 01:15:51.760]  The thing is, if you compare the growth curve of the NASDAQ from 1992 to May 5, 2000,
[01:15:51.760 --> 01:15:55.760]  you'll see on a chart what looks like the letter J.
[01:15:55.760 --> 01:15:59.760]  It starts off nice and small at the bottom, lower left.
[01:15:59.760 --> 01:16:07.760]  As you're going from left to right, the number goes up, and all of a sudden it turns and goes straight up in the air.
[01:16:07.760 --> 01:16:11.760]  That's called a J curve.
[01:16:11.760 --> 01:16:19.760]  What's interesting is once the public begins to enter the market is where the turn comes from.
[01:16:19.760 --> 01:16:25.760]  Because now people who would have never thought to take their hard-earned remaining resources
[01:16:25.760 --> 01:16:34.760]  and dump them into a company called Yahoo when it was trading at $250 a share.
[01:16:34.760 --> 01:16:43.760]  Everybody was quite surprised when it came back to the lower teens when the NASDAQ lost 78% of its value
[01:16:43.760 --> 01:16:51.760]  between May 1, 2000 and October 10, 2002.
[01:16:51.760 --> 01:16:56.760]  The precious metals are very similar because right now I hear lots of questions.
[01:16:56.760 --> 01:16:58.760]  I get it actually all the time.
[01:16:58.760 --> 01:17:01.760]  What can be done about the precious metals manipulation?
[01:17:01.760 --> 01:17:03.760]  How does this work?
[01:17:03.760 --> 01:17:11.760]  What are the machinations behind it that allow these banksters, criminal gangsters that own banks, banksters,
[01:17:11.760 --> 01:17:13.760]  how do they get away with this?
[01:17:13.760 --> 01:17:17.760]  Well, they're really big, they own the media, and they have the power.
[01:17:17.760 --> 01:17:19.760]  They run the exchanges.
[01:17:19.760 --> 01:17:21.760]  The SEC, they're in their hip pocket.
[01:17:21.760 --> 01:17:28.760]  I can't even tell you how many people like Jim Sinclair and Gold Money James Turk
[01:17:28.760 --> 01:17:36.760]  and just a host of different people like Gata and Bill and the guys behind Gata.
[01:17:36.760 --> 01:17:44.760]  How many of these people get together and write informal complaints, explain the whole thing?
[01:17:44.760 --> 01:17:49.760]  The SEC, the Commodities Futures Trading Association, all these regulatory bodies,
[01:17:49.760 --> 01:17:53.760]  they get all these complaints and go, yeah, so what?
[01:17:53.760 --> 01:17:56.760]  We're not doing a thing about it.
[01:17:56.760 --> 01:17:59.760]  Bernie Madoff, everybody's heard of this name.
[01:17:59.760 --> 01:18:03.760]  This is the guy that ran the allegedly the world's largest Ponzi scheme.
[01:18:03.760 --> 01:18:10.760]  Obviously, none of the people reporting on that story who could use that phraseology ever investigated the
[01:18:10.760 --> 01:18:12.760]  United States dollar.
[01:18:12.760 --> 01:18:21.760]  You talk about a Ponzi scheme, it's the black forest in Germany all behind one tree.
[01:18:21.760 --> 01:18:29.760]  So Bernie Madoff made off with like $60 billion, and there were people working for him.
[01:18:29.760 --> 01:18:38.760]  There were people in accounting in the back rooms who were actually sending information off to the SEC
[01:18:38.760 --> 01:18:41.760]  and different regulatory bodies saying, this guy's a fraud.
[01:18:41.760 --> 01:18:44.760]  He's ripping people off.
[01:18:44.760 --> 01:18:53.760]  Well, the first documented complaint went in when Bernie only had about $15 or $18 billion under management.
[01:18:53.760 --> 01:18:55.760]  How did he get so far?
[01:18:55.760 --> 01:19:02.760]  Well, I don't know for sure, and this is pure conjecture, no knock on anybody he worked for or him himself,
[01:19:02.760 --> 01:19:05.760]  okay, just conjecture.
[01:19:05.760 --> 01:19:09.760]  It wouldn't surprise me if somebody got paid.
[01:19:09.760 --> 01:19:13.760]  And I think to a large degree, we're looking at the same situation today.
[01:19:13.760 --> 01:19:19.760]  If you look at the Commitment of Traders report on precious metals for this month or for last month,
[01:19:19.760 --> 01:19:28.760]  there is an absolutely gargantuan short position, which means people lining up.
[01:19:28.760 --> 01:19:31.760]  Excuse me one second.
[01:19:31.760 --> 01:19:42.760]  People who are lining up to get futures and options contracts to have a legal commitment to sell gold or silver,
[01:19:42.760 --> 01:19:46.760]  maybe even platinum at a specific price.
[01:19:46.760 --> 01:19:53.760]  When you sell short, if the market drops and you, quote, buy back your position,
[01:19:53.760 --> 01:19:59.760]  you get to pocket the spread between where you sold it at and where you bought it back from.
[01:19:59.760 --> 01:20:02.760]  It's actually much more complicated than that,
[01:20:02.760 --> 01:20:07.760]  but if you start going into it a whole lot deeper, people instantly glaze over, so I don't want to do that.
[01:20:07.760 --> 01:20:10.760]  It's like watching paint dry.
[01:20:10.760 --> 01:20:14.760]  But right now there's this huge position by the commercials,
[01:20:14.760 --> 01:20:20.760]  people actually dealing with it and refining it, mining it, and using it on the end.
[01:20:20.760 --> 01:20:23.760]  These are the commercials.
[01:20:23.760 --> 01:20:27.760]  The commercials right now are extremely short the metal.
[01:20:27.760 --> 01:20:32.760]  A lot of conspiracy talk, a lot of other things pops up when you hear about this,
[01:20:32.760 --> 01:20:34.760]  but let's go back to what I like to do the best.
[01:20:34.760 --> 01:20:37.760]  Let's just make it real simple, okay?
[01:20:37.760 --> 01:20:47.760]  If I bought 1,000 ounces of gold at $300, I have $300,000 worth of gold today,
[01:20:47.760 --> 01:20:57.760]  wouldn't it be to my advantage to go into the marketplace if it exists and for maybe $5,000?
[01:20:57.760 --> 01:21:05.760]  I can buy put options, not a futures position, a put option that has a limited time on it,
[01:21:05.760 --> 01:21:10.760]  and you pay premium to have the luxury of this specific time.
[01:21:10.760 --> 01:21:16.760]  Well, I buy $5,000 worth of put options that if gold falls $200,
[01:21:16.760 --> 01:21:24.760]  I get paid like double whatever my actual physical gold would lose in value.
[01:21:24.760 --> 01:21:26.760]  That's all these commercials are doing.
[01:21:26.760 --> 01:21:28.760]  They're hedging their bets.
[01:21:28.760 --> 01:21:30.760]  They produce and deal with the stuff.
[01:21:30.760 --> 01:21:33.760]  They've been sitting on it, they have inventories of it.
[01:21:33.760 --> 01:21:36.760]  If you're running a gold mine, for goodness sakes,
[01:21:36.760 --> 01:21:41.760]  you might have billions of dollars of product sitting in the ground.
[01:21:41.760 --> 01:21:46.760]  You just haven't had the manpower and time to go extract it all.
[01:21:46.760 --> 01:21:53.760]  So if you're sitting on all this stuff and it's tripled or quadrupled in value over the last eight years,
[01:21:53.760 --> 01:22:00.760]  well, it would be a very prudent thing to do is to go into the marketplace and say,
[01:22:00.760 --> 01:22:08.760]  I want to hedge my bet if gold were to have another 25 percent pullback, I'd get paid 50 percent.
[01:22:08.760 --> 01:22:13.760]  Let's just say that's the target number they're looking for for their formula.
[01:22:13.760 --> 01:22:14.760]  It's prudent.
[01:22:14.760 --> 01:22:18.760]  That's why some money managers get paid so much money,
[01:22:18.760 --> 01:22:27.760]  because they show companies how to extract nickels when normally there'd only be sand.
[01:22:27.760 --> 01:22:38.760]  As far as the manipulation goes, Jim Sinclair of JSMindset.com is probably one of the most prolific,
[01:22:38.760 --> 01:22:46.760]  accurate, and dedicated public servants in the betterment and knowledge of how the metal markets,
[01:22:46.760 --> 01:22:53.760]  the debt markets, and the dollar market works than any other human being I'm aware of right now.
[01:22:53.760 --> 01:23:01.760]  If you do not have this man's website bookmarked under your favorites, you are really cheating yourself.
[01:23:01.760 --> 01:23:07.760]  If you go in there every day and just glance through the articles and comments he makes,
[01:23:07.760 --> 01:23:14.760]  don't read every word, but glean the important parts of it, do that every day for six months,
[01:23:14.760 --> 01:23:21.760]  then you will probably be better educated than 80 percent of all the participants on Wall Street, period.
[01:23:21.760 --> 01:23:24.760]  So there's a little gift for everybody.
[01:23:24.760 --> 01:23:26.760]  And it's not my website.
[01:23:26.760 --> 01:23:29.760]  I don't have any formal arrangement with Jim.
[01:23:29.760 --> 01:23:33.760]  He has no idea I'm saying this, and I don't get paid a penny for it.
[01:23:33.760 --> 01:23:37.760]  But if you're going to look for one source, go stick with this.
[01:23:37.760 --> 01:23:40.760]  Can you give us that website?
[01:23:40.760 --> 01:23:41.760]  I sure can.
[01:23:41.760 --> 01:23:46.760]  JSMindset.com.
[01:23:46.760 --> 01:23:51.760]  Let me actually double-check my favorites to make sure I'm actually giving you the right thing.
[01:23:51.760 --> 01:24:05.760]  This would be H-T-T-P, colon, forward, forward, J-S-M-I-N-E-S-E-T dot com.
[01:24:05.760 --> 01:24:11.760]  I just clicked on the website, and it has a great little cartoon here of healthcare costs.
[01:24:11.760 --> 01:24:16.760]  It's a giant balloon that is bigger than you could fit in the frame.
[01:24:16.760 --> 01:24:19.760]  There's a little guy in a little tiny basket saying,
[01:24:19.760 --> 01:24:26.760]  we may be going back to the moon sooner than we thought.
[01:24:26.760 --> 01:24:31.760]  But Jim Sinclair will give you more information than I ever could,
[01:24:31.760 --> 01:24:35.760]  or that Deborah is ever going to give me the time to do,
[01:24:35.760 --> 01:24:42.760]  on how the actual fluctuations on a day-to-day basis are being spun and manipulated.
[01:24:42.760 --> 01:24:45.760]  So it's not just I could give you a brief history.
[01:24:45.760 --> 01:24:50.760]  Jim will give you the play-by-play.
[01:24:50.760 --> 01:24:58.760]  One of the best things all of us can do to actually break the backs of all the manipulators
[01:24:58.760 --> 01:25:05.760]  and all the evil people in the COMEX is if I, because I can't tell anybody, remember,
[01:25:05.760 --> 01:25:13.760]  if I wanted to buy precious metals, I personally would never, even if Deborah gave me the money,
[01:25:13.760 --> 01:25:23.760]  would I go and buy an exchange-traded fund like GLD or SLV, the gold and silver exchange-traded fund?
[01:25:23.760 --> 01:25:31.760]  Why do I want to take my little hard-earned green coupons, trade them in for paper receipts
[01:25:31.760 --> 01:25:37.760]  on an alleged amount of physical gold or silver?
[01:25:37.760 --> 01:25:40.760]  These people cannot be audited fully.
[01:25:40.760 --> 01:25:43.760]  Nobody knows how much they're actually sitting on.
[01:25:43.760 --> 01:25:52.760]  I have personal great reservation that they even have 20 percent of the gold or silver that they claim to have.
[01:25:52.760 --> 01:25:54.760]  I greatly doubt it.
[01:25:54.760 --> 01:26:02.760]  I can't prove it and I can't say anything else because I'm not going to libel them or slander them.
[01:26:02.760 --> 01:26:08.760]  But why, if you were going to buy this stuff, especially with the amount of radical changes
[01:26:08.760 --> 01:26:17.760]  that are in the pipeline and rampant inflation, why do you want more middlemen invited in between you and your money?
[01:26:17.760 --> 01:26:23.760]  The whole idea of taking little green coupons and trading them in for money that's been money,
[01:26:23.760 --> 01:26:30.760]  recognized as money planet-wise for 10,000-plus years,
[01:26:30.760 --> 01:26:37.760]  and trade it off for another piece of paper IOU receipt, for the love of God, people wake up.
[01:26:37.760 --> 01:26:43.760]  The bottom line, the end of the day, this is the stuff you want to physically hold.
[01:26:43.760 --> 01:26:48.760]  If you live in a home, you live in an apartment, I don't care if you live in a trailer,
[01:26:48.760 --> 01:26:52.760]  in the middle of downtown Chicago somehow got away with that,
[01:26:52.760 --> 01:27:00.760]  there is a place that you could hide even a little stash the size of a loaf of bread
[01:27:00.760 --> 01:27:09.760]  where it would be next to impossible for anybody else to find unless they had the time to take your entire home completely apart.
[01:27:09.760 --> 01:27:16.760]  I tell friends and family, because they're the only ones I can make suggestions, not advice, but suggestions to,
[01:27:16.760 --> 01:27:27.760]  is if you went and bought 10,000 ounces of silver, why not leave 50 ounces here, 100 ounces in a dresser drawer,
[01:27:27.760 --> 01:27:36.760]  maybe 200 ounces in a bigger stash somewhere else, and put the rest of it where it's a nightmare for you, the homeowner, to get to.
[01:27:36.760 --> 01:27:43.760]  A nightmare. Number one, it will keep you from spending it, because you know what a nightmare it is to get through,
[01:27:43.760 --> 01:27:48.760]  and if anybody ever breaks into your house, there's bait, literally bait.
[01:27:48.760 --> 01:27:54.760]  Here, take this, get the hell out of here, and that's if you didn't shoot them.
[01:27:54.760 --> 01:28:03.760]  But having these things on hand, when the system goes into systemic gridlock at some point right before the next major distraction,
[01:28:03.760 --> 01:28:07.760]  that's going to be the only chance you have.
[01:28:07.760 --> 01:28:19.760]  If my money were tied up in one of these funds, and the price of gold goes from $1,000, I think it's like $956 tonight,
[01:28:19.760 --> 01:28:32.760]  and it goes up to say $1,100, well, what's the purpose of having it if the government or some emergency regulation says,
[01:28:32.760 --> 01:28:41.760]  okay, we can't release this because it's an unfair advantage in hoarding, or I like to joke with people saying,
[01:28:41.760 --> 01:28:47.760]  the politicians will make sure it's illegal not to be screwed.
[01:28:47.760 --> 01:28:53.760]  They'll come up with something, and they'll come up with something that probably doesn't actually apply to you.
[01:28:53.760 --> 01:28:59.760]  It'll apply to a government employee, but not you, but most people don't know that either.
[01:28:59.760 --> 01:29:06.760]  For legal groups like the one you're listening to, they teach you how to discern these things for yourself.
[01:29:06.760 --> 01:29:14.760]  But having these things on hand is going to be the only way you're going to bridge the gap during a crisis.
[01:29:14.760 --> 01:29:15.760]  It's not easy.
[01:29:15.760 --> 01:29:17.760]  If it was easy, everybody would be doing it.
[01:29:17.760 --> 01:29:19.760]  They'd all be on one side of the boat.
[01:29:19.760 --> 01:29:25.760]  Wait until the general public goes, holy crap, I need to do this, and I need to do it now,
[01:29:25.760 --> 01:29:30.760]  because the dollar is plummeting, or this is happening, or that's happening, whatever the reason.
[01:29:30.760 --> 01:29:33.760]  It's irrelevant what the trigger is.
[01:29:33.760 --> 01:29:41.760]  The end result is going to be contingent upon you making the decision whether or not that's appropriate for your life.
[01:29:41.760 --> 01:29:52.760]  And let's go back to that analogy I painted of I give Deborah one penny, and I double that penny for 30 days.
[01:29:52.760 --> 01:29:57.760]  We're talking about $5,300,000 from a penny.
[01:29:57.760 --> 01:30:03.760]  If you can start with $163.84, you're halfway home.
[01:30:03.760 --> 01:30:10.760]  If you were lucky enough to come up with, say, $20,000, you'd be on date number 22.
[01:30:10.760 --> 01:30:16.760]  You'd be only a handful of trades away from being a multimillionaire.
[01:30:16.760 --> 01:30:18.760]  But only you can do that.
[01:30:18.760 --> 01:30:20.760]  Only you can make that choice.
[01:30:20.760 --> 01:30:23.760]  And only you can determine if it's appropriate.
[01:30:23.760 --> 01:30:32.760]  As far as the rest of the manipulation goes, the more of us that go down to the local coin shop,
[01:30:32.760 --> 01:30:41.760]  that go, you know, and call up the COMEX, because maybe you do have an account, you know, futures or options account,
[01:30:41.760 --> 01:30:51.760]  the more people that call into the system and remove the alleged storehouses of precious metals.
[01:30:51.760 --> 01:31:01.760]  There is only like 300 million ounces of silver above ground in the United States of America.
[01:31:01.760 --> 01:31:12.760]  If every man, woman, and child in this country skipped two Happy Meals in a gigantic cup of Coca-Cola served from somewhere,
[01:31:12.760 --> 01:31:15.760]  you could go buy one.
[01:31:15.760 --> 01:31:25.760]  Come on, that's not much really at all to sacrifice to have a little bit of fire insurance that doesn't expire, okay?
[01:31:25.760 --> 01:31:31.760]  If every man, woman, and child in America wanted just one ounce of silver for themselves,
[01:31:31.760 --> 01:31:34.760]  all the above ground silver would be gone.
[01:31:34.760 --> 01:31:45.760]  The price would be somewhere in my guess between $135 and $190 an ounce by then.
[01:31:45.760 --> 01:31:54.760]  And God forbid there's a currency devaluation, a major crisis, a change of the chairman of the Federal Reserve,
[01:31:54.760 --> 01:32:01.760]  and a president now being looked at as a one-time dead duck loony too, okay?
[01:32:01.760 --> 01:32:05.760]  If any of those combination of things are happening at the same time,
[01:32:05.760 --> 01:32:12.760]  you could be looking at silver prices that far exceed the two numbers I just set.
[01:32:12.760 --> 01:32:18.760]  Theodore Butler came up with something that really stuck in my head years ago.
[01:32:18.760 --> 01:32:27.760]  He said that there is much less silver in existence and above ground than there is gold.
[01:32:27.760 --> 01:32:30.760]  Now, that should strike everybody as being a little bit odd,
[01:32:30.760 --> 01:32:36.760]  because generally the scarcer something is, the more valuable it is.
[01:32:36.760 --> 01:32:41.760]  Like, why isn't a Big Mac more valuable than a diamond?
[01:32:41.760 --> 01:32:49.760]  Because there's a hell of a lot more Big Macs floating around or in the process of being digested.
[01:32:49.760 --> 01:32:57.760]  Silver is much more rare right now, and it's actually an extremely critical industrial component.
[01:32:57.760 --> 01:32:59.760]  So it has a monetary history.
[01:32:59.760 --> 01:33:11.760]  It has a modern-day absolutely necessary vital link in commerce, electronics, and high-tech products.
[01:33:11.760 --> 01:33:18.760]  You can't build a keyless touchpad that you just touch without silver.
[01:33:18.760 --> 01:33:22.760]  You can't have a more natural antibiotic than silver.
[01:33:22.760 --> 01:33:33.760]  You know, hospitals are spraying the duck works of hospital ventilation systems with colloidal silver formulas to kill MRSA virus.
[01:33:33.760 --> 01:33:41.760]  This is a God-given, natural, wonderful thing to have on hand anyway.
[01:33:41.760 --> 01:33:47.760]  And if more and more of us would start extracting it and say, I'll make you a deal, Mr. Salesman,
[01:33:47.760 --> 01:33:52.760]  I'll take my little green coupons and you give me just a couple of those little shiny coins and we're set.
[01:33:52.760 --> 01:33:55.760]  He'll tell you the price, you pay him.
[01:33:55.760 --> 01:34:01.760]  And every American that does that starts drawing down the amount of available silver,
[01:34:01.760 --> 01:34:10.760]  and all of a sudden one day some little child in the crowd will scream, the emperor has no clothes.
[01:34:10.760 --> 01:34:22.760]  And then you're going to see a whole lot of private jets in G550s flying across the pond to get the hell out of Dodge.
[01:34:22.760 --> 01:34:24.760]  Because then the jig is up.
[01:34:24.760 --> 01:34:33.760]  And then priced in dollars, if you have a mortgage and any of what I'm hypothesizing to you tonight were to take place
[01:34:33.760 --> 01:34:39.760]  and you had, I don't know, 10 ounces of gold and a couple ounces of silver or some combination thereof,
[01:34:39.760 --> 01:34:44.760]  wouldn't it be just cool as beans to cash in a little bit of that metal,
[01:34:44.760 --> 01:34:52.760]  pay the taxes on it because you're going to have a liability, and go pay off a house?
[01:34:52.760 --> 01:34:58.760]  Sounds far-fetched, but a couple recent examples like Zimbabwe,
[01:34:58.760 --> 01:35:06.760]  like the hyperinflationary period in Weimar, Germany, during and after World War II,
[01:35:06.760 --> 01:35:11.760]  or I'm sorry, in the early 20s.
[01:35:11.760 --> 01:35:18.760]  There is a story of the Weimar Germany hyperinflation that stuck in my mind from the instant I heard it.
[01:35:18.760 --> 01:35:21.760]  It's a story that during the height of the hyperinflation,
[01:35:21.760 --> 01:35:29.760]  and hyperinflation is defined by net increase of price of over 50% per month, month over month.
[01:35:29.760 --> 01:35:34.760]  So a compound 50% loss in purchasing power month over month.
[01:35:34.760 --> 01:35:39.760]  During like the high crescendo point of the Weimar Germany collapse,
[01:35:39.760 --> 01:35:45.760]  there was a story about a man who just got paid from his government job.
[01:35:45.760 --> 01:35:49.760]  And this guy goes and he takes his check and he takes it to the bank,
[01:35:49.760 --> 01:35:54.760]  and the bank pays him with a wheelbarrow full of paper money.
[01:35:54.760 --> 01:35:58.760]  And he had brought a wheelbarrow in anticipation of this.
[01:35:58.760 --> 01:35:59.760]  So he wheels it into the bank.
[01:35:59.760 --> 01:36:03.760]  He puts all this paper, which is heavy, by the way, into the wheelbarrow.
[01:36:03.760 --> 01:36:08.760]  He wheelbarrows it out of the bank, books it down the street, finds the first grocery store he can find,
[01:36:08.760 --> 01:36:13.760]  because prices were accelerating every other hour.
[01:36:13.760 --> 01:36:17.760]  All the prices in Germany, nobody saw little stickers on things.
[01:36:17.760 --> 01:36:23.760]  They were written on chalkboards by like you'd go into the bread section right in front of the bread.
[01:36:23.760 --> 01:36:28.760]  There's a little chalkboard and there's the price on it, because two hours later the price is going to go up.
[01:36:28.760 --> 01:36:35.760]  So if you held onto your cash, you will lose money every other hour.
[01:36:35.760 --> 01:36:38.760]  So this guy goes up to the store and he puts his wheelbarrow down
[01:36:38.760 --> 01:36:43.760]  and he pokes his head to look at how much some bread and some eggs would cost.
[01:36:43.760 --> 01:36:46.760]  He comes out of the store to grab his wheelbarrow.
[01:36:46.760 --> 01:36:48.760]  Guess what happened?
[01:36:48.760 --> 01:36:50.760]  He got ripped off.
[01:36:50.760 --> 01:36:52.760]  In the time it took him to just walk in the store,
[01:36:52.760 --> 01:36:55.760]  he came back and somebody stole his damn wheelbarrow.
[01:36:55.760 --> 01:37:03.760]  And on the ground was all the money, because the wheelbarrow was real,
[01:37:03.760 --> 01:37:10.760]  and it served a purpose, and it did work, and you knew how valuable it was,
[01:37:10.760 --> 01:37:17.760]  because three days later all the money in the wheelbarrow could not have replaced the wheelbarrow.
[01:37:17.760 --> 01:37:28.760]  So if you're able to do things for yourself that will protect you from such a scenario, you're in better shape.
[01:37:28.760 --> 01:37:34.760]  For myself, my family, we try to keep our acquisitions very quiet.
[01:37:34.760 --> 01:37:38.760]  I mean, there's a handful of people that know us personally, that know what we're up to,
[01:37:38.760 --> 01:37:44.760]  but even some of my closest friends, they don't know if I have five ounces or 500,000 ounces.
[01:37:44.760 --> 01:37:48.760]  They don't know, and I have nothing to gain by telling them.
[01:37:48.760 --> 01:37:57.760]  If I'm wrong at some point in the future, I'll just, you know, die of old age, and my children will inherit them,
[01:37:57.760 --> 01:38:05.760]  because the eventual mathematical certainty is the intrinsic value of all fiat currency
[01:38:05.760 --> 01:38:14.760]  will eventually resort back to its true intrinsic worth, which is the price it costs to print the paper.
[01:38:14.760 --> 01:38:25.760]  It costs the Treasury something like 2.3 cents to print a 1, 5, 10, 20, 50, or $100 bill, same cost.
[01:38:25.760 --> 01:38:29.760]  The only thing we see is the confidence.
[01:38:29.760 --> 01:38:36.760]  My coupon has a 1 and two zeros. Your coupon only has a 1 and one zero.
[01:38:36.760 --> 01:38:39.760]  I'm 10 times richer than you.
[01:38:39.760 --> 01:38:41.760]  Think about that for a minute.
[01:38:41.760 --> 01:38:43.760]  I'm richer than you.
[01:38:43.760 --> 01:38:53.760]  I have more debt, because you go and grab a Black's Law Dictionary and start looking up legal tender
[01:38:53.760 --> 01:39:06.760]  and start looking up what forms of debt constitute money or legal tender nowadays, and debt is our money.
[01:39:06.760 --> 01:39:11.760]  You know, what a tangled web we weave when we practice to deceive.
[01:39:11.760 --> 01:39:13.760]  So get out of the game.
[01:39:13.760 --> 01:39:15.760]  You really want to win? You really want to shake the boat?
[01:39:15.760 --> 01:39:17.760]  You don't have to go protest.
[01:39:17.760 --> 01:39:19.760]  Why waste your time?
[01:39:19.760 --> 01:39:23.760]  You don't have to go and write your Congress critter.
[01:39:23.760 --> 01:39:33.760]  I think it was Jane Wolf who actually coined that term, Claire Wolf.
[01:39:33.760 --> 01:39:35.760]  Don't write your Congress critter.
[01:39:35.760 --> 01:39:39.760]  I'd be surprised if he can read or she can read.
[01:39:39.760 --> 01:39:43.760]  These people have been given health care bills that are 1,000 pages thick.
[01:39:43.760 --> 01:39:45.760]  They put them on their desk and they go, sure, I'll vote for that.
[01:39:45.760 --> 01:39:47.760]  They have no idea what's even in it.
[01:39:47.760 --> 01:39:49.760]  That's all these people do.
[01:39:49.760 --> 01:39:55.760]  That's all they're hired to do is to dig through this stuff and read, but they can't pull it off, can they?
[01:39:55.760 --> 01:39:56.760]  They can't be bothered.
[01:39:56.760 --> 01:40:00.760]  Oh, that's too lengthy for me to read.
[01:40:00.760 --> 01:40:07.760]  Get yourself out of the system and do it in a way that nobody else really gives any credence to,
[01:40:07.760 --> 01:40:11.760]  and you will have gotten away from the fear that's a victory.
[01:40:11.760 --> 01:40:16.760]  You will have gotten away from wasting your time and filling your head full of useless stuff
[01:40:16.760 --> 01:40:18.760]  that's a victory.
[01:40:18.760 --> 01:40:25.760]  You will pull your wealth out of coupons and put it into things that can actually do you some good.
[01:40:25.760 --> 01:40:27.760]  That's a victory.
[01:40:27.760 --> 01:40:36.760]  You're going to have a whole new level of internal awareness and power that you never had before.
[01:40:36.760 --> 01:40:39.760]  And I might be speaking to the choir, to a whole bunch of you,
[01:40:39.760 --> 01:40:44.760]  but if there's five people right now who haven't heard this, then it's worth it, right?
[01:40:44.760 --> 01:40:47.760]  Absolutely.
[01:40:47.760 --> 01:40:57.760]  And I would say now is the time to get into the metals before they start really skyrocketing in the price,
[01:40:57.760 --> 01:41:01.760]  because they definitely are manipulating the spot prices.
[01:41:01.760 --> 01:41:09.760]  And it looks to me, I mean, correct me if I'm wrong or, you know, let me know if I've got this okay,
[01:41:09.760 --> 01:41:16.760]  just to try to simplify things as a synopsis about the manipulation.
[01:41:16.760 --> 01:41:21.760]  Concerning like the futures contracts and these sorts of things,
[01:41:21.760 --> 01:41:29.760]  basically it's like a bet where you're betting that the spot price of the metal
[01:41:29.760 --> 01:41:35.760]  or whatever commodity is going to be a certain price at some point in the future.
[01:41:35.760 --> 01:41:43.760]  And it looks to me like the banksters are buying up all these futures contracts
[01:41:43.760 --> 01:41:51.760]  and betting that the price is going to be very low in order to keep the spot price low today
[01:41:51.760 --> 01:41:58.760]  and that there's all these complex formulas and things like parity is involved and arbitrage
[01:41:58.760 --> 01:42:00.760]  and, you know, the derivatives market.
[01:42:00.760 --> 01:42:05.760]  And, you know, maybe at some point on another show we could go into what all those terms mean
[01:42:05.760 --> 01:42:08.760]  and how this whole thing works, but is that correct?
[01:42:08.760 --> 01:42:10.760]  Yes, but don't fall into that trap.
[01:42:10.760 --> 01:42:16.760]  Again, let's take something that the evil rocket scientists have created and laugh at it,
[01:42:16.760 --> 01:42:20.760]  crumble it up and throw it in the corner where it belongs.
[01:42:20.760 --> 01:42:25.760]  You and I and your listeners don't have time to saturate our brains full of stuff
[01:42:25.760 --> 01:42:28.760]  we really just don't need to carry around.
[01:42:28.760 --> 01:42:29.760]  Right.
[01:42:29.760 --> 01:42:31.760]  It comes down to this.
[01:42:31.760 --> 01:42:34.760]  Deborah, you want to buy some gold, I want to sell some gold.
[01:42:34.760 --> 01:42:39.760]  We don't know each other, but for whatever reason, you need 100 ounces of gold,
[01:42:39.760 --> 01:42:41.760]  I need 100 ounces of gold.
[01:42:41.760 --> 01:42:45.760]  We go to the COMEX, we go to the NYMEX, either one.
[01:42:45.760 --> 01:42:53.760]  And let's say every contract, whether it's futures or it's options,
[01:42:53.760 --> 01:43:01.760]  which is a derivative of a futures, okay, an option if you buy, you can only lose the money you put up.
[01:43:01.760 --> 01:43:04.760]  A futures position has unlimited risk.
[01:43:04.760 --> 01:43:11.760]  And I want to buy 100 ounces of gold, so I put an order in to go long, let's say a call option.
[01:43:11.760 --> 01:43:14.760]  And you did the same with a put option.
[01:43:14.760 --> 01:43:17.760]  Well, if the price goes up, I get paid.
[01:43:17.760 --> 01:43:21.760]  The price goes down, you get paid.
[01:43:21.760 --> 01:43:25.760]  And we pay each other if there were only two players.
[01:43:25.760 --> 01:43:31.760]  The exchange gets a little bit of a fee for handling the transaction, and you and I go home.
[01:43:31.760 --> 01:43:38.760]  Where this gets really whacked and people lose sight is right now the amount of contracts on the board
[01:43:38.760 --> 01:43:40.760]  are in the selling position.
[01:43:40.760 --> 01:43:45.760]  So let's say I have more money than you, and I bought up more contracts.
[01:43:45.760 --> 01:43:57.760]  And if I can scare you into dumping your put option, maybe I can scare you out of it, take over your position,
[01:43:57.760 --> 01:44:01.760]  sell a bunch of my gold into the free market.
[01:44:01.760 --> 01:44:07.760]  Well, if too much of my gold hits the market, the price will come down a little bit.
[01:44:07.760 --> 01:44:12.760]  But I got you out of the game, so the put option isn't a question for me.
[01:44:12.760 --> 01:44:19.760]  The market drops. Now I can buy my gold back that I just sold into the market at a cheaper price
[01:44:19.760 --> 01:44:22.760]  and write it right back up to where it just was.
[01:44:22.760 --> 01:44:27.760]  I just made a killing doing barely anything.
[01:44:27.760 --> 01:44:35.760]  And that's something that I would say 99 percent of your audience has no right taking part of,
[01:44:35.760 --> 01:44:39.760]  not that you don't deserve it, not that you couldn't figure it out.
[01:44:39.760 --> 01:44:44.760]  The game is rigged against you.
[01:44:44.760 --> 01:44:53.760]  For me, I would never do a put or a call or a futures position unless I had the equivalent of physical on me.
[01:44:53.760 --> 01:44:59.760]  And I get laughed at for saying stuff like that because my own clients will tell me,
[01:44:59.760 --> 01:45:02.760]  man, you are so paranoid about this.
[01:45:02.760 --> 01:45:07.760]  I was told in a really good book I read that I'll never know the day or the hour,
[01:45:07.760 --> 01:45:10.760]  but I will know the season.
[01:45:10.760 --> 01:45:12.760]  And I know what season it is.
[01:45:12.760 --> 01:45:14.760]  And I don't take those words lightly.
[01:45:14.760 --> 01:45:17.760]  To me, they come supernaturally.
[01:45:17.760 --> 01:45:19.760]  So I pay attention.
[01:45:19.760 --> 01:45:24.760]  And if, like right now, if I have 100 ounces of gold,
[01:45:24.760 --> 01:45:29.760]  I think we're coming up against this resistance point,
[01:45:29.760 --> 01:45:38.760]  that usually if the powers that be let gold get over $1,030, $38,
[01:45:38.760 --> 01:45:42.760]  you're going to see gold at $1,200 in the blink of an eye.
[01:45:42.760 --> 01:45:50.760]  Maybe then it comes back to $1,000, parts around at $950 to $1,000, and then goes to $1,500.
[01:45:50.760 --> 01:45:54.760]  If you're in the game, you're going to be protected.
[01:45:54.760 --> 01:45:59.760]  The powers that be want you scared and broke and under their thumb.
[01:45:59.760 --> 01:46:03.760]  And you won't be any of those things if you're laughing your ass off
[01:46:03.760 --> 01:46:07.760]  of the killing you just made from your precious metal, would you?
[01:46:07.760 --> 01:46:09.760]  So they want you out of the picture.
[01:46:09.760 --> 01:46:14.760]  So even right now we're like let's just call it $960.
[01:46:14.760 --> 01:46:17.760]  What if gold were to go down to $700?
[01:46:17.760 --> 01:46:20.760]  What would cause something like that?
[01:46:20.760 --> 01:46:26.760]  However, I had discussed with you one other main point I wanted to hit was how close,
[01:46:26.760 --> 01:46:32.760]  I believe, again, it's just a personal opinion for education and entertainment.
[01:46:32.760 --> 01:46:38.760]  I believe we're on the very verge of another complete and total sell-off.
[01:46:38.760 --> 01:46:43.760]  And I think it's going to be something that's going to surpass the previous low,
[01:46:43.760 --> 01:46:45.760]  which means Katie barred the door.
[01:46:45.760 --> 01:46:51.760]  It's going to be a primary sea wave or a very, very ugly nasty sell-off,
[01:46:51.760 --> 01:46:54.760]  if my analysis is correct.
[01:46:54.760 --> 01:46:58.760]  One of the things that really gets me to say something like that is insiders.
[01:46:58.760 --> 01:47:02.760]  These are the guys who run the company of like the S&P 500,
[01:47:02.760 --> 01:47:10.760]  the United States' largest international 500 company.
[01:47:10.760 --> 01:47:14.760]  The insiders, these are the guys who they know how much profit they're making,
[01:47:14.760 --> 01:47:18.760]  how much of their customers are buying, how their suppliers
[01:47:18.760 --> 01:47:25.760]  and all the equations to the bottom line are panning out long before the shareholders do.
[01:47:25.760 --> 01:47:30.760]  Why is it that the SEC is reporting filings from these people?
[01:47:30.760 --> 01:47:34.760]  Because they have to do a filing telling the market that they're going to buy
[01:47:34.760 --> 01:47:39.760]  or sell before they actually commit the trade as part of the deal.
[01:47:39.760 --> 01:47:46.760]  Insider selling is 53 to 1 on the latest data that I have.
[01:47:46.760 --> 01:47:54.760]  That means every CEO is selling $53 worth of stock for every $1 of stock he's buying.
[01:47:54.760 --> 01:47:56.760]  Want me to repeat that?
[01:47:56.760 --> 01:48:02.760]  $53 in sales for every $1 that they buy.
[01:48:02.760 --> 01:48:06.760]  Now, if you're a CEO and you are getting paid multiple millions
[01:48:06.760 --> 01:48:11.760]  or tens of millions of dollars a year to run a multibillion-dollar company,
[01:48:11.760 --> 01:48:14.760]  frankly, you did something right to get there.
[01:48:14.760 --> 01:48:16.760]  You probably deserve the money.
[01:48:16.760 --> 01:48:19.760]  If you're sitting on a giant golden parachute,
[01:48:19.760 --> 01:48:26.760]  why the hell are you selling your stock in the company you run
[01:48:26.760 --> 01:48:33.760]  if the green shoots and prosperity and the abomination is really kicking in?
[01:48:33.760 --> 01:48:36.760]  It's the opposite, isn't it?
[01:48:36.760 --> 01:48:40.760]  It's the same damn cycle every single time.
[01:48:40.760 --> 01:48:44.760]  You have to have two parties to transact the stock exchange.
[01:48:44.760 --> 01:48:46.760]  One person has to buy.
[01:48:46.760 --> 01:48:48.760]  One person has to sell.
[01:48:48.760 --> 01:48:52.760]  As the market is going up, the people buying are the little guys.
[01:48:52.760 --> 01:48:56.760]  Well, you know, I got scared crapless when we were at $6,200,
[01:48:56.760 --> 01:49:01.760]  and I needed a bag of Prozac intravenously dripping into my vein
[01:49:01.760 --> 01:49:05.760]  so I could keep from losing my mind when it was being shown on the air
[01:49:05.760 --> 01:49:07.760]  every couple minutes.
[01:49:07.760 --> 01:49:08.760]  We're down this much.
[01:49:08.760 --> 01:49:09.760]  We're down that much.
[01:49:09.760 --> 01:49:10.760]  Fear.
[01:49:10.760 --> 01:49:11.760]  Be afraid.
[01:49:11.760 --> 01:49:13.760]  Be afraid, right?
[01:49:13.760 --> 01:49:20.760]  But I sat there because I was scared, and I had my cash, but I didn't buy.
[01:49:20.760 --> 01:49:24.760]  And then it went up to $7,000, and I said, huh, that won't last.
[01:49:24.760 --> 01:49:28.760]  And then it went to $8,000, and I said, whew, wow, this is getting pretty exciting.
[01:49:28.760 --> 01:49:33.760]  I wish I had gotten in instead of being so scared.
[01:49:33.760 --> 01:49:36.760]  And then a couple weeks ago it went to $9,000.
[01:49:36.760 --> 01:49:40.760]  Today it was up at $9,500, okay?
[01:49:40.760 --> 01:49:42.760]  People think that's a big deal.
[01:49:42.760 --> 01:49:47.760]  Folks, you go back to two years ago and adjust for inflation,
[01:49:47.760 --> 01:49:52.760]  and the Dow Jones is probably at like $4,000 right now.
[01:49:52.760 --> 01:49:58.760]  If you price the Dow Jones in gold, it's at $3,000 right now.
[01:49:58.760 --> 01:50:03.760]  If you take the S&P earnings, now this is how professionals deem
[01:50:03.760 --> 01:50:08.760]  how much a share of stock is worth potentially, okay?
[01:50:08.760 --> 01:50:16.760]  If a company makes money, let's say you have like a lemonade stand.
[01:50:16.760 --> 01:50:24.760]  Nobody would buy a million dollar lemonade stand that would only make you $10,000 a year, right?
[01:50:24.760 --> 01:50:26.760]  Because you'd be earning a 1% return.
[01:50:26.760 --> 01:50:27.760]  Who's going to do that?
[01:50:27.760 --> 01:50:30.760]  You could buy a CD and do better.
[01:50:30.760 --> 01:50:36.760]  Well, the S&P 500 revenues, the sales from these companies,
[01:50:36.760 --> 01:50:45.760]  their earnings after tax and all that crap, is absolutely in total freefall.
[01:50:45.760 --> 01:50:52.760]  Before the crash, the S&P's earnings were between $85 and $90.
[01:50:52.760 --> 01:50:56.760]  Right now they're at $1.50, okay?
[01:50:56.760 --> 01:51:03.760]  That means these companies have completely and totally stopped making money.
[01:51:03.760 --> 01:51:08.760]  The price to earnings, which people used to make fun of Yahoo!
[01:51:08.760 --> 01:51:16.760]  when it was at $85 a P.E., price to earnings ratio of $85.
[01:51:16.760 --> 01:51:22.760]  The S&P 500 P.E. just hit an all-time record high of $150.
[01:51:22.760 --> 01:51:25.760]  Now, folks, let me ask you a quick question mentally.
[01:51:25.760 --> 01:51:34.760]  A year and a half ago, the Dow Jones was at $14,700, okay?
[01:51:34.760 --> 01:51:40.760]  People were saying it's a good deal, rah-rah, God love America and all that.
[01:51:40.760 --> 01:51:50.760]  And the price to earnings back then was maybe $70, maybe $65, somewhere in there.
[01:51:50.760 --> 01:51:56.760]  Again, the earnings were $85 to $90.
[01:51:56.760 --> 01:51:58.760]  Now, how the hell do you say you have a market?
[01:51:58.760 --> 01:52:01.760]  Same system, same Dow Jones.
[01:52:01.760 --> 01:52:10.760]  We lost a couple important banks and a couple longtime major companies like General Motors, okay?
[01:52:10.760 --> 01:52:20.760]  But how do you say that you have a Dow Jones that is at $9,500 or an S&P that's where it's at,
[01:52:20.760 --> 01:52:27.760]  and it's grossly overvalued compared to how grossly overvalued it was at $14,700
[01:52:27.760 --> 01:52:33.760]  or the previous peak on the S&P, which escapes me at the moment?
[01:52:33.760 --> 01:52:42.760]  Because we think in this green shoots, oh, thank God the earth didn't stop rotating, crash reaction,
[01:52:42.760 --> 01:52:48.760]  and we have ridden it almost as high as it's going to go.
[01:52:48.760 --> 01:52:54.760]  The next time the market breaks loose, just like it did earlier this year,
[01:52:54.760 --> 01:53:01.760]  when the market crashes, the investors will throw the baby out with the bathwater.
[01:53:01.760 --> 01:53:05.760]  They're going to get margin calls on their futures position.
[01:53:05.760 --> 01:53:10.760]  They're going to get margin calls on their borrowed stock.
[01:53:10.760 --> 01:53:13.760]  They're going to get margin calls from a host of other reasons.
[01:53:13.760 --> 01:53:18.760]  The only profitable damn thing they're going to have is commodities,
[01:53:18.760 --> 01:53:27.760]  and then they're going to sell commodities with reckless abandon to pay the banks their margin money
[01:53:27.760 --> 01:53:29.760]  because legally they won't have a choice.
[01:53:29.760 --> 01:53:35.760]  If they don't perform fast enough, the fine print in all these account applications
[01:53:35.760 --> 01:53:42.760]  says that the account holder, the middleman, the primary broker, the introducing broker,
[01:53:42.760 --> 01:53:48.760]  they have the right to sell it on your behalf if they even remotely question that you are insolvent
[01:53:48.760 --> 01:53:52.760]  or that you cannot meet your margin.
[01:53:52.760 --> 01:53:57.760]  And this is what I think might be knocking a couple hundred bucks off the price of gold.
[01:53:57.760 --> 01:54:05.760]  A lot of people I know are going to cry and hem and haw, you know, oh, man, it just lost 20% or 30%.
[01:54:05.760 --> 01:54:16.760]  Well, if you bought it at 300, 400, 500 and it goes down to 700, well, you did pretty well.
[01:54:16.760 --> 01:54:21.760]  If you buy it at 1,000 and it goes to 700, don't bitch to me.
[01:54:21.760 --> 01:54:28.760]  If it was me, I would look at it like, oh, cool, I get the same product on sale
[01:54:28.760 --> 01:54:36.760]  because if you're not looking at it as a transaction, I want to take coupons and buy gold,
[01:54:36.760 --> 01:54:40.760]  so I can sell gold and get coupons in return.
[01:54:40.760 --> 01:54:43.760]  It sounds kind of goofy, doesn't it?
[01:54:43.760 --> 01:54:47.760]  But if you're buying it to get ready for a major paradigm shift
[01:54:47.760 --> 01:54:51.760]  or because you want to have something that would be easy to trade
[01:54:51.760 --> 01:54:57.760]  or you want to have it for a host of different reasons that we've discussed throughout the evening,
[01:54:57.760 --> 01:55:00.760]  then you're not really concerned about the price.
[01:55:00.760 --> 01:55:05.760]  You know, I would never recommend, well, legally I can't anyway,
[01:55:05.760 --> 01:55:09.760]  but I would never recommend anybody to go into debt
[01:55:09.760 --> 01:55:17.760]  or to go spend money on gold or silver or platinum or diamonds or anything for that matter, okay?
[01:55:17.760 --> 01:55:23.760]  If it takes food off your table, you've gone too far.
[01:55:23.760 --> 01:55:28.760]  If you're going to do this, either do it right or don't do it at all
[01:55:28.760 --> 01:55:31.760]  and come up with a completely different strategy.
[01:55:31.760 --> 01:55:35.760]  Because if you're in a position where the market turns against you
[01:55:35.760 --> 01:55:39.760]  and the big commercial players, because believe me, folks, they're there,
[01:55:39.760 --> 01:55:44.760]  they're really damn smart, they're loaded to the eye teeth with money and power,
[01:55:44.760 --> 01:55:48.760]  and if they choose to turn the market, they're going to.
[01:55:48.760 --> 01:55:52.760]  Now, you know that, so you have a choice.
[01:55:52.760 --> 01:55:57.760]  You can either stand in front of the freight train or you can kind of get off the tracks,
[01:55:57.760 --> 01:56:03.760]  wait a couple minutes, let the train pass, and get back on.
[01:56:03.760 --> 01:56:10.760]  Because if fear enters your mind through this process, you are going to make a mistake.
[01:56:10.760 --> 01:56:15.760]  You're going to do what Richard Russell talks about from the Dow Theory letters.
[01:56:15.760 --> 01:56:19.760]  You're going to let the bull fuck you off.
[01:56:19.760 --> 01:56:23.760]  And you will not be in a way to participate
[01:56:23.760 --> 01:56:29.760]  during the greatest exchange of wealth since man walked upright.
[01:56:29.760 --> 01:56:33.760]  And I think that's got to be the most critical thought of the evening,
[01:56:33.760 --> 01:56:37.760]  because there has to be remedy.
[01:56:37.760 --> 01:56:45.760]  And our remedy is to stop giving these clowns any power.
[01:56:45.760 --> 01:56:47.760]  If you empower them, they get stronger.
[01:56:47.760 --> 01:56:53.760]  If you take their energy away, they shrivel up and die.
[01:56:53.760 --> 01:56:55.760]  Perfect.
[01:56:55.760 --> 01:57:01.760]  If you're a thief, you should get a thief's justice.
[01:57:01.760 --> 01:57:03.760]  And I think that's where we're headed.
[01:57:03.760 --> 01:57:04.760]  I can't prove it.
[01:57:04.760 --> 01:57:05.760]  I don't know for sure.
[01:57:05.760 --> 01:57:06.760]  It's just my opinion.
[01:57:06.760 --> 01:57:10.760]  And I hope you find it entertaining, because it's not advice.
[01:57:10.760 --> 01:57:14.760]  Well, listen, Steve, we're coming up to the end of the show here.
[01:57:14.760 --> 01:57:17.760]  Frequently we go into overtime mode. We have a caller on the board.
[01:57:17.760 --> 01:57:21.760]  Would you like to stay on with us for maybe another half hour or so
[01:57:21.760 --> 01:57:25.760]  after midnight to take this call that we have?
[01:57:25.760 --> 01:57:26.760]  Sure.
[01:57:26.760 --> 01:57:28.760]  We're like two and a half minutes from break, right?
[01:57:28.760 --> 01:57:34.760]  Yeah, actually, we're about a minute before the show ends.
[01:57:34.760 --> 01:57:35.760]  Okay.
[01:57:35.760 --> 01:57:38.760]  Steve, this has been just excellent information.
[01:57:38.760 --> 01:57:41.760]  We really, really appreciate you spending so long with us
[01:57:41.760 --> 01:57:45.760]  and laying it all out for us like this, especially on such short notice.
[01:57:45.760 --> 01:57:47.760]  We just booked our guest today.
[01:57:47.760 --> 01:57:50.760]  Randy, do you have any, or Eddie, do you have any comments for our guests
[01:57:50.760 --> 01:57:54.760]  before the changeover at midnight?
[01:57:54.760 --> 01:57:58.760]  No, doing good so far.
[01:57:58.760 --> 01:57:59.760]  I'm pretty impressed.
[01:57:59.760 --> 01:58:03.760]  This is my weakest subject.
[01:58:03.760 --> 01:58:08.760]  I would be glad to have you on more often to bring me up to speed,
[01:58:08.760 --> 01:58:11.760]  because I'm a little slow.
[01:58:11.760 --> 01:58:13.760]  It takes a couple of times to get all this down.
[01:58:13.760 --> 01:58:14.760]  Absolutely.
[01:58:14.760 --> 01:58:19.760]  Well, brother, that's what I meant by your brain was not created by God
[01:58:19.760 --> 01:58:22.760]  to deal with evil.
[01:58:22.760 --> 01:58:26.760]  It was created to be beautiful, and you're dealing with a world
[01:58:26.760 --> 01:58:31.760]  and dealing with a system that is the absolute opposite.
[01:58:31.760 --> 01:58:35.760]  So be lucky and count yourself grateful that you don't have to listen
[01:58:35.760 --> 01:58:39.760]  and deal and think about this evil crap all the time.
[01:58:39.760 --> 01:58:43.760]  Absolutely, and the Lord is definitely protecting us and guiding us.
[01:58:43.760 --> 01:58:47.760]  All right, well, listeners, we're going to go into overtime mode
[01:58:47.760 --> 01:58:49.760]  for a little while after midnight.
[01:58:49.760 --> 01:58:50.760]  Thank you for joining us.
[01:58:50.760 --> 01:58:54.760]  We'll be back right after these messages, the rule of law.
[01:58:54.760 --> 01:59:06.760]  We'll be back right after these messages, the rule of law.
[01:59:24.760 --> 01:59:51.760]  Thank you.
[01:59:54.760 --> 01:59:56.760]  Thank you.