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fractional Reserve banking

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purportedly has its roots in a time when

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gold and silver were traded

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goldsmiths would issue promissory notes

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which were later used as a means of

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exchange the goldsmiths used the

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deposited gold to issue loans with

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interest and fractional banking was born

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now many attribute this to the Templars

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in the Middle East and the way they came

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across this information may have been

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through ritualistic or occult means in

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the United States the National Bank Act

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was passed in 1863 to require Banks to

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keep reserves on hand to protect

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depositor funds from being used in Risky

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Investments

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in 1913 the Federal Reserve Act created

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the system of federal reserve banks we

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now know collectively as the Federal

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Reserve System

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Banks were required to keep Reserve

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balances with the Federal Reserve Banks

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now what is very interesting about all

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of this and what it has to do with us

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today is that JP Morgan was a major

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player in the

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Federal Reserve he is the man who funded

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the building of the Titanic and he's

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also the man who canceled his

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long-awaited journey just hours before

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its proposed departure

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what does that have to do with the

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Federal Reserve well three of the

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wealthiest men on Earth whom were

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against the creation of the Federal

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Reserve Bank happened to be invited on

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it then headed full speed into a known

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Iceberg field with less than half the

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requested lifeboats

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and

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no red signal flares

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no Rothschild or Rockefeller on board

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and it sank to the bottom of the North

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Atlantic Ocean

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less than a year later

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now that the wealthy opposition was out

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of the way the Federal Reserve was

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created and the USA was turned into an

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incorporated business with its own

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business ID number

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it's true

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so

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Mr Benjamin Guggenheim who opposed the

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Federal Reserve

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Isa Strauss who opposed the Federal

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Reserve

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and Jacob Astor who opposed the Federal

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Reserve

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disappeared to the depths of the sea

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today these men would be worth 11

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billion dollars

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all three were aboard the Titanic when

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it sank all three died that night and

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the Federal Reserve was born

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so we have a system that relies on

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fractional Reserve banking the problem

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is

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the reserve requirements for banks

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under the Federal Reserve Act we're set

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at 13 10 and 7 depending on the type of

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Bank in 1917. in the 1950s and 60s the

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FED has had not set the reserve ratio as

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high as 17.5 and it remained between

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eight and ten percent throughout much of

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the 70s through 2010s during this period

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banks with fewer than 16.3 million in

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assets were not required to hold

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Reserves at all however banks with fewer

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than

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16.3 million had to have a reserve size

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of 3 percent and those banks with more

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than

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124.2 million in assets had a 10 reserve

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requirement see the problem here

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worst case scenario let's say you do

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have to keep 10 percent you can only

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give 10 percent of the people their

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money back if at all

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and it is not a system backed by

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precious metals such as gold which means

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it is prone to many problems

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on today's podcast we have a gold expert

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we have someone who has worked in the

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financial system in New York he's a pro

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that's going to explain what the

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problems are where we're headed

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how if at all we can stimulate the

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economy or at least prepare and batten

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down the hatches for what may come

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none other than Dr true Ott

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of Mother Earth minerals it's also a

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company that I 100 stand behind I use

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their products on a daily basis and I

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highly recommend going to mother

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earthminerals.com

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my other serious recommendation is if

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you haven't gone to

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heroparanormal.com or patreon and

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searched for hero paranormal you are

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missing a ton of content behind the

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paywall so please head on over to

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heroparanormal.com for just five bucks a

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month less than one coffee a month you

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can get all kinds of preparation and

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interesting information

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and although I don't give Financial

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advice

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this is my opinion and the opinion of Dr

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true Ott who has a lot of expertise when

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it comes to gold gold backs which are an

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interesting new commodity and the

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banking system as he worked in finance

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for many years

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you can also get a ton of phenomenology

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cryptozoology ufology and all kinds of

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other interesting topics having to do

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with secret societies at

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heroparanormal.com

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aka the hyper anomalous esoteric

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research organization podcast get behind

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that paywall at patreon and search for

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hero paranormal well buckle up this is

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going to be a heck of a ride into wild

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I

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[Music]

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couldn't Blast Off In My Time Machine

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sir I feel like an evizing Blast Off

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Blast Off blast off

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come blast off in my turn

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Blast Off on another epic episode of the

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hyper anomalous esoteric research

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organization podcast AKA hero paranormal

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broadcasting from just south of the old

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Bigelow Ranch in the Uinta Basin of Utah

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my name is Ryan the anomalous ambassador

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of the airwaves bringing you an epic

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Financial interesting

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dark episode tonight we have none other

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than gold expert Dr truwat I could go on

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and on about his legitimacy what he does

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and everything that he does for so many

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but instead I am just going to bring him

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right on and we're going to go right

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into this Bank Run situation and the

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financial collapse that may await

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Dr truwa welcome to the hero paranormal

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podcast

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well thank you so much Ryan it's a

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pleasure being back with you my goodness

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are the times getting crazy or what this

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is beyond belief actually and I you know

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the first person I thought of when this

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was all happening was you because you've

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told me

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for so long that this was coming and you

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know that the system the Federal Reserve

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and the fractional banking Reserve

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System does not really have our best

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interest at mind I don't know

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how in the world we're in this position

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but it seems like we're here

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well we are because you know humans tend

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to to be creatures of convenience

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we we like to do what's easiest and the

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path of least resistance I mean that

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that's kind of like what's called being

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smart too you know

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so it's not necessarily a bad thing why

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why

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work your tail off when you have ability

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to to bring a battle in and do the work

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for you you know type of thing and

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that's

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bloodline German

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Innovation you know uh

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it's important to work smarter not

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necessarily work harder

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but there are drawbacks to this and and

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the money the money they call so-called

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money is different

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than currency and and that's what I kind

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of want to focus on with your with your

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listeners today Ryan is the difference

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between currency and money if we it is

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to find that

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yeah let's jump into it because you know

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I was I was horrified to not only see

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that many of the regional banks are

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going down but also the major Banks

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and I can't help but wonder if this is

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you know in my conspiratorial mind if

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this might just be by Design to usher in

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a new digital currency

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what's exactly what it's all about you

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can't

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bring people in to accept something

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without having an underlying emergency

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to get people fearful to embrace it with

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open arms let's be honest with this we

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know

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let's just be objective shall we

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there has to be an overarching emergency

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where people begin to lose touch I think

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lose touch with the reality

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uh well I trust that the the science is

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right I trust my government right

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uh-huh

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um tell that to the Tuskegee Airmen and

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others who were tested you know for was

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civilist syphilis and other VDS right

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now I myself

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I I hope and pray my government is not

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going to harm me

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but I don't trust them that they won't

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I trust my own instincts I trust in

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people as a whole

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I trust that Ryan Ryan Burns is is

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knocked on some nefarious reason to harm

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me I think he's a friend I look at him

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you know what I'm saying you look you

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look at it you trust

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into a certain degree of of your fellow

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man

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but I've got to tell you I do not trust

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that somebody comes in and hi I'm from

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the government

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and I'm here to help you

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uh I grabbed my my wallet in my backside

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and say no thanks I'm good

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I'm sorry I don't need you yeah yeah and

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it does seem like this is It's a similar

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function trust in government if this

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digital currency is rolled out it's

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going to basically be the same thing I

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mean they've moved us from precious

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metals to paper from paper now we are

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moving into something that has

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absolutely no substance whatsoever and

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that kind of brings up something that

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you're familiar with which is uh not

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only the precious metals but also

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something new and interesting which is

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the gold backs how do we attack all this

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okay first we Define what money is

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versus currency okay

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first of all let's Define currency

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because we all know what that's in our

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wallets and our purses to some degree

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we have these little pieces of paper

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what's the difference between uh one

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thousand dollar bill or a hundred dollar

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bill

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aren't they the same

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size of paper

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are they it's the same amount of ink put

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on them

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ability to make some difference is that

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everybody accepts the numbers on them

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okay the banks the banks understand

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allowance is not counterfeited as long

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as you see the the the strips and things

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in it Diana counterfeit it it's all if

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it's all legitimate everybody accepts

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that

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okay the banks accept it

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uh the government will accept it because

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they made a contract with the private

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Federal Reserve which is private ladies

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and gentlemen it's not public whatsoever

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they have a contract with the treasury

282
00:13:07,129 --> 00:13:05,220
but it's a private for-profit

283
00:13:08,930 --> 00:13:07,139
corporation like Federal Express is

284
00:13:12,949 --> 00:13:08,940
right

285
00:13:16,190 --> 00:13:12,959
so the competence is simply I can go

286
00:13:20,509 --> 00:13:16,200
take that 100 Century bill

287
00:13:22,490 --> 00:13:20,519
and buy 100 of groceries of my if if my

288
00:13:25,250 --> 00:13:22,500
grocery store will accept cash

289
00:13:27,530 --> 00:13:25,260
all right I can pay for whatever I need

290
00:13:29,930 --> 00:13:27,540
because everybody accepts it

291
00:13:32,449 --> 00:13:29,940
that's what is called fungible in other

292
00:13:36,110 --> 00:13:32,459
words it's the same value in your wallet

293
00:13:38,449 --> 00:13:36,120
as it is in my wallet or my wife's purse

294
00:13:40,610 --> 00:13:38,459
everybody recognizes that and accepts it

295
00:13:42,230 --> 00:13:40,620
and everybody accepts it even

296
00:13:44,329 --> 00:13:42,240
internationally

297
00:13:46,449 --> 00:13:44,339
you know I've traveled abroad enough and

298
00:13:49,250 --> 00:13:46,459
and a lot of times people especially

299
00:13:53,329 --> 00:13:49,260
certain uh countries will rather have a

300
00:13:55,310 --> 00:13:53,339
U.S dollar than a peso or a Mark or what

301
00:13:58,610 --> 00:13:55,320
have you okay

302
00:14:02,150 --> 00:13:58,620
because it's recognized universally so

303
00:14:04,730 --> 00:14:02,160
that's that's what currency is

304
00:14:08,269 --> 00:14:04,740
if you took

305
00:14:09,949 --> 00:14:08,279
let's say ten thousand US Dollars and

306
00:14:11,750 --> 00:14:09,959
hundred dollar bills and put them away

307
00:14:13,389 --> 00:14:11,760
in your closet hit them up for a rainy

308
00:14:16,790 --> 00:14:13,399
day

309
00:14:20,810 --> 00:14:16,800
that is what the problem with currency

310
00:14:23,690 --> 00:14:20,820
as opposed to money it's a valuation at

311
00:14:27,170 --> 00:14:23,700
that time you put it away

312
00:14:29,810 --> 00:14:27,180
you see but through a little thief

313
00:14:32,930 --> 00:14:29,820
called inflation

314
00:14:35,750 --> 00:14:32,940
what that ten thousand dollars would buy

315
00:14:39,590 --> 00:14:35,760
in 1975 is a whole lot different than

316
00:14:42,590 --> 00:14:39,600
what it's going to pay for in 2023.

317
00:14:44,449 --> 00:14:42,600
that's the difference between currency

318
00:14:49,550 --> 00:14:44,459
and money

319
00:14:52,310 --> 00:14:49,560
money is a storehouse of real wealth

320
00:14:56,389 --> 00:14:52,320
which is purchasing power

321
00:14:58,730 --> 00:14:56,399
okay because historically money has

322
00:15:01,189 --> 00:14:58,740
always been they started the Egyptians

323
00:15:05,509 --> 00:15:01,199
and the Phoenicians started stamping out

324
00:15:08,210 --> 00:15:05,519
gold and silver coins primarily and they

325
00:15:10,310 --> 00:15:08,220
became a storehouse of wealth

326
00:15:13,310 --> 00:15:10,320
because if you

327
00:15:17,030 --> 00:15:13,320
have a hundred gold coins

328
00:15:18,949 --> 00:15:17,040
in 1971 and 100 100 one ounce gold coins

329
00:15:21,829 --> 00:15:18,959
in 2023

330
00:15:24,290 --> 00:15:21,839
you have an absolute Storehouse of

331
00:15:27,170 --> 00:15:24,300
buying power that's preserved

332
00:15:29,689 --> 00:15:27,180
okay even though it might have the same

333
00:15:32,689 --> 00:15:29,699
amount it may have men have ten dollars

334
00:15:35,030 --> 00:15:32,699
stamped on it it's worth a thousand

335
00:15:36,769 --> 00:15:35,040
dollars or more today you see that's the

336
00:15:38,150 --> 00:15:36,779
storehouse of wealth

337
00:15:39,230 --> 00:15:38,160
so that's the difference between

338
00:15:41,269 --> 00:15:39,240
currency

339
00:15:43,129 --> 00:15:41,279
and money

340
00:15:47,090 --> 00:15:43,139
so

341
00:15:48,829 --> 00:15:47,100
gold backs are just like your paper

342
00:15:50,569 --> 00:15:48,839
currency in the fact that they're about

343
00:15:53,990 --> 00:15:50,579
the same size

344
00:15:55,310 --> 00:15:54,000
the difference is they aren't backed by

345
00:16:03,170 --> 00:15:55,320
gold

346
00:16:04,910 --> 00:16:03,180
they are money not currency that's the

347
00:16:08,870 --> 00:16:04,920
big difference

348
00:16:14,329 --> 00:16:11,689
and you you bring up a very interesting

349
00:16:17,629 --> 00:16:14,339
point uh with the Federal Reserve

350
00:16:19,310 --> 00:16:17,639
because you know I find it so odd that

351
00:16:21,230 --> 00:16:19,320
how it is

352
00:16:23,750 --> 00:16:21,240
literally a business

353
00:16:26,870 --> 00:16:23,760
and I find it so odd that the man who

354
00:16:29,090 --> 00:16:26,880
funded the building of the Titanic JP

355
00:16:30,290 --> 00:16:29,100
Morgan and who was all for the Federal

356
00:16:32,810 --> 00:16:30,300
Reserve

357
00:16:35,870 --> 00:16:32,820
canceled these long-awaited Journey just

358
00:16:37,910 --> 00:16:35,880
hours before its proposed departure and

359
00:16:39,470 --> 00:16:37,920
three of the wealthiest men on Earth who

360
00:16:41,990 --> 00:16:39,480
were against the creation of the Federal

361
00:16:44,509 --> 00:16:42,000
Reserve Bank happened to be invited on

362
00:16:48,470 --> 00:16:44,519
board for its maiden voyage Mr

363
00:16:51,170 --> 00:16:48,480
Guggenheim Strauss and Jacob Astor and

364
00:16:53,689 --> 00:16:51,180
oddly enough we have similar things with

365
00:16:58,009 --> 00:16:53,699
this Silicon Valley Bank where people

366
00:17:00,829 --> 00:16:58,019
like Mr Thiel Peter Thiel removed his

367
00:17:03,710 --> 00:17:00,839
money just before it all came apart and

368
00:17:05,809 --> 00:17:03,720
it does kind of seem as if

369
00:17:08,090 --> 00:17:05,819
some of these people are either very

370
00:17:11,689 --> 00:17:08,100
lucky or they know what's coming down

371
00:17:14,510 --> 00:17:11,699
the pipe what are your thoughts of of

372
00:17:17,270 --> 00:17:14,520
this and do you think that this is

373
00:17:19,610 --> 00:17:17,280
funneling us towards towards this

374
00:17:22,250 --> 00:17:19,620
digital currency I have a little bit of

375
00:17:23,750 --> 00:17:22,260
uh cryptocurrency and I was horrified at

376
00:17:26,929 --> 00:17:23,760
how much it went up

377
00:17:28,970 --> 00:17:26,939
and you know my fear of cryptocurrency

378
00:17:31,130 --> 00:17:28,980
is that there's nothing to show for it

379
00:17:33,470 --> 00:17:31,140
versus these gold backs or precious

380
00:17:37,130 --> 00:17:33,480
metals

381
00:17:43,070 --> 00:17:40,430
my advice is to cash it out to Federal

382
00:17:46,610 --> 00:17:43,080
Reserve notes and as soon as possible

383
00:17:49,310 --> 00:17:46,620
get it into goldback or if you don't

384
00:17:51,110 --> 00:17:49,320
really like to go back concept then get

385
00:17:54,250 --> 00:17:51,120
it into as much as you can into what's

386
00:17:56,110 --> 00:17:54,260
called Junk silver which is simply

387
00:18:00,590 --> 00:17:56,120
pre-1964

388
00:18:03,250 --> 00:18:00,600
1965 issue gold coins dimes quarters

389
00:18:06,529 --> 00:18:03,260
half dollars dollars

390
00:18:09,470 --> 00:18:06,539
those that's fungible store of wealth

391
00:18:12,169 --> 00:18:09,480
you can you can put it in your in your

392
00:18:14,630 --> 00:18:12,179
safe deposit box or put it anywhere safe

393
00:18:16,730 --> 00:18:14,640
in your home safe or whatever and it's

394
00:18:18,289 --> 00:18:16,740
always going to retain its value is it's

395
00:18:21,770 --> 00:18:18,299
what's called money

396
00:18:24,110 --> 00:18:21,780
not currency and sorry cryptocurrencies

397
00:18:27,169 --> 00:18:24,120
fund to play around with you see a spike

398
00:18:29,409 --> 00:18:27,179
but it's nothing but really uh some

399
00:18:33,049 --> 00:18:29,419
debit entries and what's called a

400
00:18:35,570 --> 00:18:33,059
non-fungible token nfts

401
00:18:38,450 --> 00:18:35,580
is there value there sure right now

402
00:18:40,370 --> 00:18:38,460
while the Matrix is up and running the

403
00:18:42,409 --> 00:18:40,380
computer cyberspace

404
00:18:43,610 --> 00:18:42,419
yeah you can buy and purchase things

405
00:18:47,810 --> 00:18:43,620
with it

406
00:18:50,830 --> 00:18:47,820
but it's not real uh were you gonna you

407
00:18:53,870 --> 00:18:50,840
know you're gonna print out a

408
00:18:57,710 --> 00:18:53,880
non-fungible token no it's it's only in

409
00:19:00,650 --> 00:18:57,720
cyberspace the metaverse or it's real

410
00:19:04,430 --> 00:19:00,660
all right so if if you're seeing

411
00:19:06,070 --> 00:19:04,440
substantial returns my and I'm not a a

412
00:19:09,590 --> 00:19:06,080
license

413
00:19:12,590 --> 00:19:09,600
Securities advisor and I'm just telling

414
00:19:15,070 --> 00:19:12,600
what I would do as soon as I would be

415
00:19:18,529 --> 00:19:15,080
possible turn that into

416
00:19:23,150 --> 00:19:18,539
a a vehicle where you can transfer it

417
00:19:24,710 --> 00:19:23,160
right into into a fungible

418
00:19:28,070 --> 00:19:24,720
fungible

419
00:19:30,049 --> 00:19:28,080
form of money in this case what I've

420
00:19:32,150 --> 00:19:30,059
done myself is just that

421
00:19:34,549 --> 00:19:32,160
did I have some crypto yeah I've played

422
00:19:35,390 --> 00:19:34,559
around with it made some money lost some

423
00:19:37,669 --> 00:19:35,400
money

424
00:19:40,370 --> 00:19:37,679
did okay

425
00:19:43,430 --> 00:19:40,380
but it's all into buildbacks all of it

426
00:19:47,090 --> 00:19:43,440
even even my gold coins I had I got

427
00:19:50,029 --> 00:19:47,100
quite a bit of build coins Ryan that I

428
00:19:53,450 --> 00:19:50,039
just it was it was neat because I can

429
00:19:56,150 --> 00:19:53,460
take and and transfer it uh pretty much

430
00:19:58,490 --> 00:19:56,160
straight across for for a good supply of

431
00:19:59,350 --> 00:19:58,500
buildbacks people say well why did you

432
00:20:01,789 --> 00:19:59,360
do that

433
00:20:04,570 --> 00:20:01,799
uh well because

434
00:20:08,029 --> 00:20:04,580
my gold coins were pretty much one ounce

435
00:20:10,310 --> 00:20:08,039
krugerrands American Eagles uh Canadian

436
00:20:12,470 --> 00:20:10,320
Maple Leafs and that type of thing and

437
00:20:14,690 --> 00:20:12,480
look at the price we build now it's just

438
00:20:15,650 --> 00:20:14,700
a little shy of about two thousand

439
00:20:16,970 --> 00:20:15,660
dollars

440
00:20:19,370 --> 00:20:16,980
an ounce

441
00:20:22,010 --> 00:20:19,380
in other words if I want to go buy a

442
00:20:25,070 --> 00:20:22,020
um a bag of groceries for my family

443
00:20:26,690 --> 00:20:25,080
and I have nothing you know but gold

444
00:20:28,610 --> 00:20:26,700
what am I going to do it's a good change

445
00:20:30,650 --> 00:20:28,620
for a two thousand dollar gold gold

446
00:20:32,330 --> 00:20:30,660
piece they're not going to do that

447
00:20:34,909 --> 00:20:32,340
they're going to have you go to a coin

448
00:20:37,909 --> 00:20:34,919
dealer and take a big hit on the spread

449
00:20:40,730 --> 00:20:37,919
because you're selling and not buying it

450
00:20:43,310 --> 00:20:40,740
and then you take that in and

451
00:20:46,490 --> 00:20:43,320
try and use your paper dollars for

452
00:20:49,370 --> 00:20:46,500
whatever see that's a problem that I saw

453
00:20:53,810 --> 00:20:49,380
with with gold in the coins this

454
00:20:57,590 --> 00:20:53,820
gold backs the one one unit goldback

455
00:21:00,310 --> 00:20:57,600
is one one thousandth of a troy ounce of

456
00:21:06,710 --> 00:21:03,529
pure 24 karat gold now like I said it's

457
00:21:11,270 --> 00:21:06,720
not gold backed it is gold

458
00:21:14,750 --> 00:21:11,280
and that makes it easily spent and and

459
00:21:17,630 --> 00:21:14,760
used as currencies whereas gold coins

460
00:21:20,210 --> 00:21:17,640
and even some gold bullion not so easy

461
00:21:23,150 --> 00:21:20,220
to do that you see

462
00:21:25,130 --> 00:21:23,160
yeah and Utah is in a

463
00:21:27,470 --> 00:21:25,140
interesting position when it comes to

464
00:21:29,690 --> 00:21:27,480
Gold backs among some other states can

465
00:21:32,029 --> 00:21:29,700
you explain to listeners what that is

466
00:21:34,010 --> 00:21:32,039
and and what's taking place in the gold

467
00:21:36,529 --> 00:21:34,020
back Market

468
00:21:37,850 --> 00:21:36,539
oh yeah great question thank you I I

469
00:21:39,470 --> 00:21:37,860
like to think I had a little bit of

470
00:21:42,110 --> 00:21:39,480
something to do with the reason why

471
00:21:45,409 --> 00:21:42,120
goldbacks are in existence

472
00:21:48,289 --> 00:21:45,419
I was uh in the financial planning

473
00:21:53,090 --> 00:21:48,299
industry uh since I graduated in

474
00:21:55,669 --> 00:21:53,100
accounting from the University in uh in

475
00:22:00,230 --> 00:21:55,679
in 2004.

476
00:22:01,850 --> 00:22:00,240
I'm sorry 1984. oh my goodness just

477
00:22:05,090 --> 00:22:01,860
showed you how old I am

478
00:22:06,649 --> 00:22:05,100
uh and so I went into that and and you

479
00:22:09,590 --> 00:22:06,659
know I I

480
00:22:13,070 --> 00:22:09,600
had the opportunity I I won a a

481
00:22:15,770 --> 00:22:13,080
scholarship type of of award where I

482
00:22:19,549 --> 00:22:15,780
went back with six week uh intensive

483
00:22:22,310 --> 00:22:19,559
Elites they say elitist training in Wall

484
00:22:25,010 --> 00:22:22,320
Street and at the end of the six weeks

485
00:22:29,230 --> 00:22:25,020
we had a a final

486
00:22:32,450 --> 00:22:29,240
a visit from the star of the Stars right

487
00:22:34,730 --> 00:22:32,460
and it happened to be Mr Paul volcker

488
00:22:36,110 --> 00:22:34,740
who was chairman of the Federal Reserve

489
00:22:41,510 --> 00:22:36,120
Bank of New York

490
00:22:44,390 --> 00:22:41,520
well he comes in and and wow he's a this

491
00:22:47,090 --> 00:22:44,400
is the head of the FED right

492
00:22:49,370 --> 00:22:47,100
and what he told us

493
00:22:52,850 --> 00:22:49,380
was shocking to me keep in mind that I

494
00:22:55,850 --> 00:22:52,860
spent uh last six weeks learning how to

495
00:22:58,549 --> 00:22:55,860
diversify portfolios even how to manage

496
00:23:01,250 --> 00:22:58,559
and make a mutual fund okay

497
00:23:02,750 --> 00:23:01,260
how to to manage risk versus rewarding

498
00:23:06,710 --> 00:23:02,760
look in all the markets from Bond

499
00:23:09,590 --> 00:23:06,720
markets to to what's uh called Arbitrage

500
00:23:11,870 --> 00:23:09,600
moving markets around and taking you

501
00:23:14,390 --> 00:23:11,880
know making money off of just to sell of

502
00:23:16,370 --> 00:23:14,400
one asset versus another in it in the

503
00:23:18,649 --> 00:23:16,380
trade markets okay

504
00:23:21,169 --> 00:23:18,659
FX currency trading all of this we

505
00:23:23,029 --> 00:23:21,179
learned we learned how to do all of this

506
00:23:24,950 --> 00:23:23,039
and how to look at Trends and if you

507
00:23:26,830 --> 00:23:24,960
follow the trends you can make money in

508
00:23:30,350 --> 00:23:26,840
your sleep okay

509
00:23:31,850 --> 00:23:30,360
but it's but it's all again

510
00:23:33,649 --> 00:23:31,860
the key to the city type of thing

511
00:23:35,570 --> 00:23:33,659
whether it's a stock

512
00:23:38,270 --> 00:23:35,580
certificate

513
00:23:39,590 --> 00:23:38,280
for their stock broker or a bond a

514
00:23:42,890 --> 00:23:39,600
treasury bill

515
00:23:49,070 --> 00:23:45,350
Paul Walker knew this as did you

516
00:23:51,230 --> 00:23:49,080
mentioned JP Morgan who didn't go on the

517
00:23:52,789 --> 00:23:51,240
Titanic right

518
00:23:54,950 --> 00:23:52,799
but

519
00:23:58,610 --> 00:23:54,960
in 1912

520
00:24:00,890 --> 00:23:58,620
I have this quote on a on a placard in

521
00:24:02,450 --> 00:24:00,900
my wall JP Morgan said this right the

522
00:24:05,570 --> 00:24:02,460
year before the Federal Reserve was

523
00:24:08,210 --> 00:24:05,580
actually formed in 1913.

524
00:24:11,210 --> 00:24:08,220
Morgan said and I quote

525
00:24:13,610 --> 00:24:11,220
gold is money

526
00:24:16,070 --> 00:24:13,620
everything else

527
00:24:19,310 --> 00:24:16,080
is credit

528
00:24:21,049 --> 00:24:19,320
that's exactly right exactly right the

529
00:24:23,810 --> 00:24:21,059
elite all know this

530
00:24:26,210 --> 00:24:23,820
money which I just Define as money

531
00:24:28,909 --> 00:24:26,220
is gold nothing else is

532
00:24:29,750 --> 00:24:28,919
well then silver to a certain degree of

533
00:24:32,510 --> 00:24:29,760
course

534
00:24:34,370 --> 00:24:32,520
but their focus the elites has always

535
00:24:36,710 --> 00:24:34,380
been the focus on gold

536
00:24:39,649 --> 00:24:36,720
everything else including your your

537
00:24:43,130 --> 00:24:39,659
currency so-called bills they're called

538
00:24:45,529 --> 00:24:43,140
bills for a reason they're an IOU

539
00:24:47,990 --> 00:24:45,539
it's credit

540
00:24:50,770 --> 00:24:48,000
okay stocks

541
00:24:53,270 --> 00:24:50,780
or an IOU you give your earnings

542
00:24:54,950 --> 00:24:53,280
sometimes in gold and you get a piece of

543
00:24:56,029 --> 00:24:54,960
paperback saying you own a part of the

544
00:24:57,890 --> 00:24:56,039
company

545
00:25:02,330 --> 00:24:57,900
it's a promise to pay

546
00:25:05,450 --> 00:25:02,340
credits everything a bond well

547
00:25:08,029 --> 00:25:05,460
you know you you in the old times you

548
00:25:10,610 --> 00:25:08,039
you you've got messing around and and

549
00:25:13,070 --> 00:25:10,620
then got caught into canary

550
00:25:14,990 --> 00:25:13,080
you put in what's called stocks and put

551
00:25:16,850 --> 00:25:15,000
on bonds

552
00:25:18,890 --> 00:25:16,860
is the stocks is where you put your head

553
00:25:21,350 --> 00:25:18,900
and your arms in they lock you down or

554
00:25:23,270 --> 00:25:21,360
they put you in behind it

555
00:25:26,330 --> 00:25:23,280
chains

556
00:25:29,149 --> 00:25:26,340
stocks and bond markets okay

557
00:25:30,970 --> 00:25:29,159
Wall Street yeah

558
00:25:34,549 --> 00:25:30,980
you see where I'm going with this

559
00:25:37,549 --> 00:25:34,559
volcker his whole message

560
00:25:39,710 --> 00:25:37,559
was he took a hundred thousand dollar a

561
00:25:41,810 --> 00:25:39,720
one hundred thousand dollar

562
00:25:43,370 --> 00:25:41,820
Federal Reserve Note out of his money

563
00:25:45,830 --> 00:25:43,380
clip

564
00:25:47,570 --> 00:25:45,840
I never see anything like that you know

565
00:25:49,510 --> 00:25:47,580
hey hey you've got to change for 100

566
00:25:53,330 --> 00:25:49,520
grand

567
00:25:55,610 --> 00:25:53,340
it's the real deal it had Woodrow Wilson

568
00:25:58,549 --> 00:25:55,620
on it as the president you ever have a

569
00:25:59,710 --> 00:25:58,559
ever have a woody Wilson bill in your

570
00:26:02,269 --> 00:25:59,720
pocket

571
00:26:06,470 --> 00:26:02,279
hey hey you got a water you just

572
00:26:10,789 --> 00:26:07,909
pretty good

573
00:26:13,669 --> 00:26:10,799
so he he takes that Woody that Woodrow

574
00:26:15,710 --> 00:26:13,679
Wilson and life then Burns it as he

575
00:26:17,390 --> 00:26:15,720
lights his cigar up

576
00:26:20,750 --> 00:26:17,400
okay

577
00:26:23,090 --> 00:26:20,760
object lesson I got money to burn I'm

578
00:26:25,490 --> 00:26:23,100
filthy rich

579
00:26:28,549 --> 00:26:25,500
earn a hundred thousand dollar bills in

580
00:26:35,330 --> 00:26:31,789
his message was this and he holds up his

581
00:26:38,510 --> 00:26:35,340
wad of paper money is not for you

582
00:26:39,830 --> 00:26:38,520
he said and I quote it is for the

583
00:26:43,250 --> 00:26:39,840
consumption

584
00:26:49,070 --> 00:26:46,250
now I being a Mormon boy from Utah had

585
00:26:51,110 --> 00:26:49,080
no idea what that meant

586
00:26:54,049 --> 00:26:51,120
I thought it was an acronym of some kind

587
00:26:58,010 --> 00:26:54,059
with these gois I mean gross over income

588
00:26:59,810 --> 00:26:58,020
or or guaranteed oblong insurance I

589
00:27:03,409 --> 00:26:59,820
don't know what it meant okay

590
00:27:05,510 --> 00:27:03,419
but I wrote g-o-g-o-i no it wasn't GOI

591
00:27:08,149 --> 00:27:05,520
it's g-o-y

592
00:27:09,730 --> 00:27:08,159
and it's now I understand [\h__\h] is a

593
00:27:14,149 --> 00:27:09,740
Yiddish term meaning

594
00:27:16,549 --> 00:27:14,159
non-jewish or lesser people okay some

595
00:27:20,149 --> 00:27:16,559
would even say it's a term that stands

596
00:27:22,549 --> 00:27:20,159
for human cattle or what have you uh but

597
00:27:26,330 --> 00:27:22,559
it's definitely it's not for you Mr

598
00:27:28,430 --> 00:27:26,340
wolfer who's Jewish said to all of my

599
00:27:30,049 --> 00:27:28,440
people that I remember they were mostly

600
00:27:33,169 --> 00:27:30,059
Jewish if not all

601
00:27:35,690 --> 00:27:33,179
uh most of them came from Wall Street

602
00:27:36,769 --> 00:27:35,700
firms big venture capitalist firms that

603
00:27:39,049 --> 00:27:36,779
type of thing

604
00:27:41,690 --> 00:27:39,059
because I know most of them were Yama

605
00:27:43,669 --> 00:27:41,700
school cap skull caps you know

606
00:27:45,350 --> 00:27:43,679
uh and I didn't

607
00:27:48,289 --> 00:27:45,360
Etc but anyway

608
00:27:51,350 --> 00:27:48,299
here I'm sinning of what is this not for

609
00:27:54,590 --> 00:27:51,360
us for the consumption of the [\h__\h]

610
00:27:56,870 --> 00:27:54,600
now I'll leave it to the listener

611
00:27:58,909 --> 00:27:56,880
to decide if that means for the [\h__\h] to

612
00:27:59,990 --> 00:27:58,919
consume or whether this was to consume

613
00:28:02,269 --> 00:28:00,000
the [\h__\h]

614
00:28:05,630 --> 00:28:02,279
I don't know

615
00:28:08,269 --> 00:28:05,640
but it was not for these people to use

616
00:28:10,490 --> 00:28:08,279
the the whole message was you turn all

617
00:28:12,649 --> 00:28:10,500
of your paper

618
00:28:16,010 --> 00:28:12,659
now he said it's okay to have short-term

619
00:28:18,230 --> 00:28:16,020
paper you have to be in the system okay

620
00:28:21,470 --> 00:28:18,240
but once you have the profits you turn

621
00:28:23,870 --> 00:28:21,480
your paper into these and he and he held

622
00:28:25,669 --> 00:28:23,880
a handful of gold coins and they he

623
00:28:29,930 --> 00:28:25,679
shook them and they made it clink clink

624
00:28:33,230 --> 00:28:29,940
clink clink sound it was kind of musical

625
00:28:36,789 --> 00:28:33,240
and that was his entire message

626
00:28:40,490 --> 00:28:36,799
he had it he had about a dozen or more

627
00:28:43,370 --> 00:28:40,500
laminated little cards with some phone

628
00:28:45,830 --> 00:28:43,380
numbers and addresses on it

629
00:28:47,630 --> 00:28:45,840
what you said were these specific myths

630
00:28:50,630 --> 00:28:47,640
of different countries hotlines you can

631
00:28:53,269 --> 00:28:50,640
call and order in bulk if you needed to

632
00:28:57,169 --> 00:28:53,279
a special special numbers

633
00:28:59,810 --> 00:28:57,179
once you transfer your paper into this

634
00:29:04,070 --> 00:28:59,820
he said then you take and you transfer

635
00:29:06,110 --> 00:29:04,080
this these coins and put them into

636
00:29:08,090 --> 00:29:06,120
numbered

637
00:29:10,490 --> 00:29:08,100
bank accounts

638
00:29:12,230 --> 00:29:10,500
some were Swiss some were Cayman Islands

639
00:29:13,970 --> 00:29:12,240
they were all offshore

640
00:29:16,010 --> 00:29:13,980
so that's

641
00:29:19,610 --> 00:29:16,020
my message to you

642
00:29:23,269 --> 00:29:21,289
well

643
00:29:26,630 --> 00:29:23,279
I looked around nobody's raising their

644
00:29:29,930 --> 00:29:26,640
hand but I had a number of questions

645
00:29:32,269 --> 00:29:29,940
so I I raised my hand respectfully he

646
00:29:35,450 --> 00:29:32,279
looks right at me and says oh you're the

647
00:29:39,409 --> 00:29:37,430
oh really nice to make your acquaintance

648
00:29:42,970 --> 00:29:39,419
Mr Wolf I know yeah how'd you know that

649
00:29:45,889 --> 00:29:42,980
because I'm not wearing a yellow mook

650
00:29:49,789 --> 00:29:45,899
I said yes sir yeah

651
00:29:52,370 --> 00:29:49,799
my question is we spent the last

652
00:29:56,210 --> 00:29:52,380
several weeks learning how to diversify

653
00:30:00,049 --> 00:29:56,220
and manage risks and and doom risk

654
00:30:03,470 --> 00:30:00,059
portfolios based on risk versus reward

655
00:30:05,510 --> 00:30:03,480
why are you now telling us to put all of

656
00:30:08,330 --> 00:30:05,520
our eggs in one basket

657
00:30:10,250 --> 00:30:08,340
why shouldn't we diversify

658
00:30:12,110 --> 00:30:10,260
our

659
00:30:14,149 --> 00:30:12,120
Holdings

660
00:30:16,190 --> 00:30:14,159
in accounts that's my that was my

661
00:30:19,730 --> 00:30:16,200
question too

662
00:30:21,710 --> 00:30:19,740
he was still puffing away on his cigar

663
00:30:23,450 --> 00:30:21,720
and he acted like he didn't even hear my

664
00:30:25,490 --> 00:30:23,460
question

665
00:30:28,070 --> 00:30:25,500
I was about ready to it was getting a

666
00:30:30,110 --> 00:30:28,080
little nervous he just silent as he

667
00:30:32,810 --> 00:30:30,120
popped away in blue smoke rings with his

668
00:30:32,820 --> 00:30:36,470
finally he said

669
00:30:42,230 --> 00:30:38,810
he reached into his pocket again pulled

670
00:30:44,570 --> 00:30:42,240
out his gold coins flanked him again and

671
00:30:46,490 --> 00:30:44,580
he'll never never I'll never forget his

672
00:30:50,029 --> 00:30:46,500
his words

673
00:30:52,370 --> 00:30:50,039
until you have these clink clink clink

674
00:30:58,850 --> 00:30:52,380
clink clink right

675
00:31:04,490 --> 00:31:01,130
unbelievable

676
00:31:09,710 --> 00:31:04,500
that's what he said and goes back to

677
00:31:14,210 --> 00:31:09,720
what JP Morgan said in 1912 gold is

678
00:31:15,590 --> 00:31:14,220
money everything else is credit

679
00:31:18,889 --> 00:31:15,600
see

680
00:31:21,710 --> 00:31:18,899
the elite notice Ryan

681
00:31:23,029 --> 00:31:21,720
I knew this then and I never forgot it

682
00:31:25,250 --> 00:31:23,039
because I thought

683
00:31:27,649 --> 00:31:25,260
I'll tell you I'll be honest with you my

684
00:31:29,630 --> 00:31:27,659
initial knee-jerk reaction was this guy

685
00:31:31,310 --> 00:31:29,640
is is an old

686
00:31:36,230 --> 00:31:31,320
School

687
00:31:39,110 --> 00:31:36,240
he's as foggy as a stogies right

688
00:31:41,269 --> 00:31:39,120
he's out of touch with modern I I was I

689
00:31:44,269 --> 00:31:41,279
was so brush and calm self-confident

690
00:31:46,610 --> 00:31:44,279
cocky oh my goodness I'm gonna go make

691
00:31:49,010 --> 00:31:46,620
millions now they know the secrets and

692
00:31:51,049 --> 00:31:49,020
I'm going to diversify my portfolio

693
00:31:53,690 --> 00:31:51,059
this guy's nuts I'm not going to put

694
00:31:55,190 --> 00:31:53,700
them all into this metal that's not

695
00:31:58,610 --> 00:31:55,200
siding

696
00:32:02,870 --> 00:32:01,669
so I ignored it I really did

697
00:32:05,330 --> 00:32:02,880
I said

698
00:32:07,970 --> 00:32:05,340
well it Lobby because I came back to my

699
00:32:09,350 --> 00:32:07,980
to my brokerage house in Utah and I'm on

700
00:32:11,029 --> 00:32:09,360
a financial group and

701
00:32:12,409 --> 00:32:11,039
they wanted to have a report of what I

702
00:32:15,350 --> 00:32:12,419
learned I told them all about it and

703
00:32:17,750 --> 00:32:15,360
then I learned about what volcker said

704
00:32:20,210 --> 00:32:17,760
and maybe I thought we should advise our

705
00:32:23,810 --> 00:32:20,220
clients to put half of their of their

706
00:32:26,450 --> 00:32:23,820
assets under management into gold oh

707
00:32:28,850 --> 00:32:26,460
that was vetoed there's no money in gold

708
00:32:31,010 --> 00:32:28,860
as far as commissions are concerned you

709
00:32:34,730 --> 00:32:31,020
can't turn the gold and make commissions

710
00:32:38,090 --> 00:32:34,740
that doesn't work you see so no no no

711
00:32:39,950 --> 00:32:38,100
Mr volcker has his ideas but they're

712
00:32:41,090 --> 00:32:39,960
old-fashioned and that's not what we do

713
00:32:43,310 --> 00:32:41,100
here

714
00:32:46,909 --> 00:32:43,320
it was uh

715
00:32:50,870 --> 00:32:46,919
like cutting wind in a public

716
00:32:54,289 --> 00:32:50,880
yeah public black tie party

717
00:32:59,870 --> 00:32:57,590
so okay I I you're right I don't think

718
00:33:03,350 --> 00:32:59,880
that's what we should do but

719
00:33:06,529 --> 00:33:03,360
but since then again this was in 1984

720
00:33:08,810 --> 00:33:06,539
when this happened Ryan

721
00:33:12,169 --> 00:33:08,820
but since then I've come to realize

722
00:33:14,330 --> 00:33:12,179
volcker and JP Morgan before him was

723
00:33:17,330 --> 00:33:14,340
absolutely right

724
00:33:19,850 --> 00:33:17,340
okay there's a company called I itm

725
00:33:22,549 --> 00:33:19,860
trading who I know very well they they

726
00:33:28,029 --> 00:33:22,559
do all their 99 of their business is

727
00:33:29,649 --> 00:33:28,039
basically putting and uh putting in Pre

728
00:33:32,389 --> 00:33:29,659
1933

729
00:33:35,889 --> 00:33:32,399
U.S gold coins

730
00:33:38,870 --> 00:33:35,899
they they make they Market those into

731
00:33:42,169 --> 00:33:38,880
you know large-scale retirement Holdings

732
00:33:45,110 --> 00:33:42,179
because they show that nothing

733
00:33:47,450 --> 00:33:45,120
no mutual fund or anything else has even

734
00:33:50,210 --> 00:33:47,460
matched the rate of return of the

735
00:33:51,889 --> 00:33:50,220
numismatic values of these pre-1933 gold

736
00:33:53,509 --> 00:33:51,899
U.S Eagles

737
00:33:56,450 --> 00:33:53,519
period

738
00:33:58,490 --> 00:33:56,460
they are that valuable and that tradable

739
00:34:00,289 --> 00:33:58,500
if I'd listen to what Volker had said

740
00:34:02,509 --> 00:34:00,299
and done what he said in 1984 I'd be a

741
00:34:04,730 --> 00:34:02,519
multi-millionaire today

742
00:34:06,769 --> 00:34:04,740
because I put so much into the stock

743
00:34:09,230 --> 00:34:06,779
market I lost so much here and they're

744
00:34:12,290 --> 00:34:09,240
risking things that I I took a big time

745
00:34:14,389 --> 00:34:12,300
bath at the when the housing bubble

746
00:34:16,129 --> 00:34:14,399
crash the subprime mortgage crash of

747
00:34:20,510 --> 00:34:16,139
2008

748
00:34:23,510 --> 00:34:20,520
I took a beating okay

749
00:34:25,310 --> 00:34:23,520
if I had not done that and if I done

750
00:34:27,649 --> 00:34:25,320
with Nick Volker it said you know

751
00:34:29,349 --> 00:34:27,659
hindsight is 20 20.

752
00:34:31,310 --> 00:34:29,359
I'm telling you I'd be a

753
00:34:33,409 --> 00:34:31,320
multi-multi-millionaire today

754
00:34:36,169 --> 00:34:33,419
he was exactly right

755
00:34:39,409 --> 00:34:36,179
the final thing he said is we closed up

756
00:34:42,050 --> 00:34:39,419
and after he said that about you have no

757
00:34:43,730 --> 00:34:42,060
eggs I mean I asked him what isn't it

758
00:34:46,669 --> 00:34:43,740
like putting all your eggs in one basket

759
00:34:49,430 --> 00:34:46,679
you know no you unless you have these

760
00:34:50,869 --> 00:34:49,440
gold coins you have no eggs

761
00:34:52,669 --> 00:34:50,879
the final thing he said was he took out

762
00:34:54,470 --> 00:34:52,679
another hundred thousand dollar Woody

763
00:34:56,930 --> 00:34:54,480
Woodrow bill

764
00:34:59,690 --> 00:34:56,940
and then compared it to a one dollar

765
00:35:04,130 --> 00:35:02,150
and he said it may not happen in my

766
00:35:10,730 --> 00:35:04,140
lifetime

767
00:35:15,530 --> 00:35:10,740
the people I work for know and have told

768
00:35:19,250 --> 00:35:17,569
this could be held up the hundred

769
00:35:22,430 --> 00:35:19,260
thousand dollar Woody

770
00:35:24,349 --> 00:35:22,440
will be equal in value to this

771
00:35:26,930 --> 00:35:24,359
the George Washington in other words no

772
00:35:29,030 --> 00:35:26,940
no difference in one dollar and a

773
00:35:32,569 --> 00:35:29,040
hundred thousand dollars that that

774
00:35:36,109 --> 00:35:32,579
caused nightmares to me at night I said

775
00:35:43,490 --> 00:35:41,390
what are they really planning to do that

776
00:35:45,410 --> 00:35:43,500
hmm

777
00:35:48,349 --> 00:35:45,420
now we see that that's a very real

778
00:35:52,670 --> 00:35:49,849
you know the same thing happened in the

779
00:35:56,089 --> 00:35:52,680
Weimar Republic of Germany after World

780
00:36:00,530 --> 00:35:56,099
War one ended okay the German Mark which

781
00:36:03,349 --> 00:36:00,540
uh uh was so valuable in all of Europe

782
00:36:05,089 --> 00:36:03,359
was basically the premier currency

783
00:36:07,790 --> 00:36:05,099
there in Europe

784
00:36:10,069 --> 00:36:07,800
became totally worthless it being

785
00:36:11,750 --> 00:36:10,079
hyperinflation they couldn't print them

786
00:36:15,530 --> 00:36:11,760
up fast enough

787
00:36:17,810 --> 00:36:15,540
so hyperinflationary Cycles uh during

788
00:36:21,050 --> 00:36:17,820
the 1920s in Europe

789
00:36:23,089 --> 00:36:21,060
the employees were paid not once a day

790
00:36:25,010 --> 00:36:23,099
twice sometimes three times a day so

791
00:36:27,770 --> 00:36:25,020
they can get to the to the bank or the

792
00:36:30,109 --> 00:36:27,780
butcher shop and get their food before

793
00:36:34,010 --> 00:36:30,119
the price went up the roof again

794
00:36:38,510 --> 00:36:36,349
wheelbarrows full of paper marks to

795
00:36:40,190 --> 00:36:38,520
trade in for a loaf of bread

796
00:36:42,890 --> 00:36:40,200
the fact

797
00:36:45,109 --> 00:36:42,900
that's what what volca was talking about

798
00:36:46,730 --> 00:36:45,119
there come a time where the United

799
00:36:48,650 --> 00:36:46,740
States

800
00:36:50,930 --> 00:36:48,660
currency will be

801
00:36:53,569 --> 00:36:50,940
just like the Weimar Republic It's

802
00:36:56,510 --> 00:36:53,579
called fiat currency Fiat meaning it's

803
00:36:59,510 --> 00:36:56,520
only valuable based on government decree

804
00:37:02,690 --> 00:36:59,520
government says it is therefore it is

805
00:37:05,990 --> 00:37:02,700
a one dollar bill is got the same amount

806
00:37:08,089 --> 00:37:06,000
of paper in it as a five or a 20.

807
00:37:10,790 --> 00:37:08,099
same amount of ink

808
00:37:12,410 --> 00:37:10,800
similar artwork

809
00:37:15,109 --> 00:37:12,420
but it's just the numbers on it that's

810
00:37:18,770 --> 00:37:15,119
the difference you see

811
00:37:20,089 --> 00:37:18,780
and volcker knew it explain it to us

812
00:37:23,329 --> 00:37:20,099
and I've

813
00:37:24,950 --> 00:37:23,339
never forgotten that as I've advised my

814
00:37:27,470 --> 00:37:24,960
clients at the time when I was doing

815
00:37:29,329 --> 00:37:27,480
financial planning work with them so

816
00:37:31,190 --> 00:37:29,339
just for what it's worth

817
00:37:35,150 --> 00:37:31,200
to hedge your bets and have your

818
00:37:37,849 --> 00:37:35,160
insurance policy I would put gold

819
00:37:39,530 --> 00:37:37,859
in your portfolio

820
00:37:43,430 --> 00:37:39,540
now

821
00:37:46,010 --> 00:37:43,440
fast forward to to the crash of 2008 the

822
00:37:49,310 --> 00:37:46,020
big recession where I lost a ton of

823
00:37:53,390 --> 00:37:49,320
money a lot of people I knew did also

824
00:37:56,690 --> 00:37:53,400
so in 2009 and into 2010

825
00:37:59,150 --> 00:37:56,700
I did seminars in fact you can see I did

826
00:38:02,390 --> 00:37:59,160
a seminar that's on the line

827
00:38:04,550 --> 00:38:02,400
you just Google up Dr Ott and money

828
00:38:05,530 --> 00:38:04,560
mechanics is what I called it it's a

829
00:38:09,230 --> 00:38:05,540
video

830
00:38:11,089 --> 00:38:09,240
and I did it uh it's like an hour-long

831
00:38:13,250 --> 00:38:11,099
presentation

832
00:38:14,569 --> 00:38:13,260
where I calls exactly what's happening

833
00:38:16,970 --> 00:38:14,579
now I just thought it was going to

834
00:38:18,890 --> 00:38:16,980
happen in 2010

835
00:38:22,310 --> 00:38:18,900
I really was amazed because I didn't

836
00:38:24,290 --> 00:38:22,320
realize how much they would do with

837
00:38:26,329 --> 00:38:24,300
quantitative easing you know what Obama

838
00:38:28,310 --> 00:38:26,339
would pull out the stops and just print

839
00:38:30,170 --> 00:38:28,320
money like nothing else

840
00:38:32,270 --> 00:38:30,180
right

841
00:38:33,770 --> 00:38:32,280
flood the flood the people with Mark and

842
00:38:36,710 --> 00:38:33,780
so

843
00:38:39,170 --> 00:38:36,720
what I was saying in 2010 is what I see

844
00:38:39,950 --> 00:38:39,180
happening right now in a in a big big

845
00:38:44,329 --> 00:38:39,960
way

846
00:38:48,710 --> 00:38:46,310
more money to solve the problem anymore

847
00:38:50,630 --> 00:38:48,720
you can't really take out

848
00:38:54,430 --> 00:38:50,640
and do what's called quantitative easing

849
00:38:58,250 --> 00:38:54,440
any longer because why

850
00:39:01,970 --> 00:38:58,260
internationally it's all rupturing

851
00:39:04,849 --> 00:39:01,980
I have friends overseas

852
00:39:07,430 --> 00:39:04,859
who visited places like Tehran and Iran

853
00:39:09,290 --> 00:39:07,440
and places in the Middle East

854
00:39:12,470 --> 00:39:09,300
Abu Dhabi

855
00:39:14,510 --> 00:39:12,480
they are taking U.S dollar bills and

856
00:39:19,069 --> 00:39:14,520
burning them in the streets

857
00:39:21,589 --> 00:39:19,079
and bonfires that's what's happening

858
00:39:23,690 --> 00:39:21,599
okay the dollar bill is no longer

859
00:39:25,310 --> 00:39:23,700
revered

860
00:39:27,650 --> 00:39:25,320
it's not

861
00:39:29,870 --> 00:39:27,660
that's what's that's a Fallout from when

862
00:39:32,510 --> 00:39:29,880
we pulled out so gloriously from

863
00:39:34,190 --> 00:39:32,520
Afghanistan and left our past personnel

864
00:39:36,410 --> 00:39:34,200
and people behind for the Taliban to

865
00:39:40,730 --> 00:39:36,420
take over that's in the message to the

866
00:39:43,190 --> 00:39:40,740
Arab Nations America betrayed Islamic

867
00:39:48,950 --> 00:39:46,970
okay and that was a big problem for

868
00:39:50,990 --> 00:39:48,960
America's overseas

869
00:39:52,910 --> 00:39:51,000
the United States dollar has always been

870
00:39:54,790 --> 00:39:52,920
special because it's been held up since

871
00:39:57,050 --> 00:39:54,800
Bretton Woods

872
00:39:59,990 --> 00:39:57,060
conference as the world's Reserve

873
00:40:02,170 --> 00:40:00,000
currency and as such the OPEC nations

874
00:40:05,810 --> 00:40:02,180
have recognized it as the Petro dollar

875
00:40:07,790 --> 00:40:05,820
so people have been taking dollars in in

876
00:40:10,970 --> 00:40:07,800
exchange for oils

877
00:40:12,349 --> 00:40:10,980
since the 60s and 70s and 80s and all

878
00:40:15,230 --> 00:40:12,359
the way through the present time until

879
00:40:17,750 --> 00:40:15,240
until Afghanistan pull out

880
00:40:19,849 --> 00:40:17,760
not happening anymore

881
00:40:23,089 --> 00:40:19,859
so when you when the reserve currency is

882
00:40:28,690 --> 00:40:23,099
gone who is going to buy the excess

883
00:40:35,990 --> 00:40:33,890
Street bins that's what's happening

884
00:40:37,370 --> 00:40:36,000
all right it's it's a fulfillment of

885
00:40:40,370 --> 00:40:37,380
volkers

886
00:40:44,329 --> 00:40:40,380
prediction to me that this would happen

887
00:40:47,450 --> 00:40:44,339
so do I think that uh Silicon Valley

888
00:40:49,970 --> 00:40:47,460
Bank was accidental no absolutely not

889
00:40:51,950 --> 00:40:49,980
the Brokers internationally that

890
00:40:56,030 --> 00:40:51,960
understand this

891
00:40:58,069 --> 00:40:56,040
gave strong warning Thursday and

892
00:41:01,790 --> 00:40:58,079
Wednesday before

893
00:41:04,250 --> 00:41:01,800
to pull money out pull their

894
00:41:07,849 --> 00:41:04,260
currency out and put it someplace else

895
00:41:10,430 --> 00:41:07,859
there was a 48 plus billion dollar run

896
00:41:13,130 --> 00:41:10,440
unprecedented run they couldn't fill

897
00:41:16,010 --> 00:41:13,140
they couldn't fill the the withdrawal

898
00:41:18,890 --> 00:41:16,020
orders fast enough and so The Regulators

899
00:41:22,670 --> 00:41:18,900
had to come down and shut it down so

900
00:41:25,849 --> 00:41:22,680
normally FDIC insured Banks cover up to

901
00:41:26,690 --> 00:41:25,859
250 000 in deposits right the problem

902
00:41:29,150 --> 00:41:26,700
was

903
00:41:31,550 --> 00:41:29,160
the vast majority of depositors were

904
00:41:34,069 --> 00:41:31,560
Silicon Valley startups with millions

905
00:41:35,569 --> 00:41:34,079
and millions of dollars in some cases a

906
00:41:37,790 --> 00:41:35,579
couple billion

907
00:41:39,349 --> 00:41:37,800
they worked mostly tied to a little

908
00:41:41,450 --> 00:41:39,359
country in the Middle East called Israel

909
00:41:46,849 --> 00:41:41,460
their startup companies

910
00:41:49,730 --> 00:41:46,859
like Samuel bankman Freed's buddies okay

911
00:41:51,650 --> 00:41:49,740
so they began to pull out and the word

912
00:41:53,690 --> 00:41:51,660
spread and before long

913
00:41:56,150 --> 00:41:53,700
the regulars had to come and shut it

914
00:41:58,190 --> 00:41:56,160
down but Mr Biden

915
00:42:00,710 --> 00:41:58,200
for the first time ever said oh no

916
00:42:03,349 --> 00:42:00,720
problem we'll guarantee every depositor

917
00:42:06,950 --> 00:42:03,359
even the big boys not just the people

918
00:42:10,550 --> 00:42:06,960
with less than 250 000.

919
00:42:10,560 --> 00:42:14,930
it seems like a favor to me

920
00:42:21,670 --> 00:42:18,890
well it could have possibly be that the

921
00:42:23,690 --> 00:42:21,680
big hitters were buddies of Hunter

922
00:42:26,390 --> 00:42:23,700
his son

923
00:42:28,310 --> 00:42:26,400
which are tied to the Ukraine accounts

924
00:42:30,890 --> 00:42:28,320
and all of this see

925
00:42:33,410 --> 00:42:30,900
when you understand really the secret

926
00:42:35,810 --> 00:42:33,420
behind this the whole Silicon Valley

927
00:42:37,609 --> 00:42:35,820
Bank thing and Signature Bank

928
00:42:39,950 --> 00:42:37,619
uh with this heavy leanings towards

929
00:42:42,170 --> 00:42:39,960
crypto and all of this if these

930
00:42:44,210 --> 00:42:42,180
institutional bigwigs

931
00:42:46,370 --> 00:42:44,220
had their money lost it would be a

932
00:42:47,690 --> 00:42:46,380
ripple effect to affect places like

933
00:42:50,569 --> 00:42:47,700
credit Swiss

934
00:42:53,450 --> 00:42:50,579
another big International Banks which

935
00:42:56,810 --> 00:42:53,460
are more into laundering drug money

936
00:42:58,790 --> 00:42:56,820
right and securing it in safe havens

937
00:43:02,390 --> 00:42:58,800
than anything else

938
00:43:04,550 --> 00:43:02,400
so he had to protect the big big boys as

939
00:43:07,130 --> 00:43:04,560
well or the ripples would have been felt

940
00:43:10,550 --> 00:43:07,140
all the way up into Credit Suisse

941
00:43:16,250 --> 00:43:10,560
okay hmm

942
00:43:25,849 --> 00:43:21,190
why the big run you say who

943
00:43:28,190 --> 00:43:25,859
advised to get the money out and why

944
00:43:33,790 --> 00:43:28,200
those are the big questions

945
00:43:39,250 --> 00:43:36,190
Silicon Valley Bank

946
00:43:42,290 --> 00:43:39,260
SVP B was

947
00:43:44,210 --> 00:43:42,300
15th largest bank

948
00:43:46,849 --> 00:43:44,220
in the country

949
00:43:49,130 --> 00:43:46,859
over 200 billion dollars under

950
00:43:52,370 --> 00:43:49,140
management

951
00:43:58,910 --> 00:43:54,130
see

952
00:44:01,670 --> 00:43:58,920
electronic startup it's book valuations

953
00:44:03,170 --> 00:44:01,680
Signature Bank was mostly crypto based

954
00:44:04,370 --> 00:44:03,180
you know that

955
00:44:07,730 --> 00:44:04,380
so

956
00:44:09,890 --> 00:44:07,740
it goes back to what volcker was telling

957
00:44:13,849 --> 00:44:09,900
me and my friends

958
00:44:18,410 --> 00:44:13,859
into in 1984

959
00:44:20,809 --> 00:44:18,420
it's going to happen this

960
00:44:24,829 --> 00:44:20,819
thing we call currency

961
00:44:28,609 --> 00:44:24,839
United States dollars USD

962
00:44:30,230 --> 00:44:28,619
Fiat Federal Reserve no

963
00:44:32,030 --> 00:44:30,240
you got a window here ladies and

964
00:44:35,270 --> 00:44:32,040
gentlemen you better put him into some

965
00:44:37,670 --> 00:44:35,280
fungible absolute money

966
00:44:39,829 --> 00:44:37,680
and that's why I recommend so highly

967
00:44:42,349 --> 00:44:39,839
this gold back

968
00:44:43,849 --> 00:44:42,359
it's it's a that's the right product for

969
00:44:46,730 --> 00:44:43,859
the right time

970
00:44:48,829 --> 00:44:46,740
and I can't I just can't emphasize how

971
00:44:51,109 --> 00:44:48,839
important that is right now

972
00:44:53,569 --> 00:44:51,119
and that brings that brings me to a

973
00:44:55,730 --> 00:44:53,579
really important question which it seems

974
00:44:57,530 --> 00:44:55,740
that people are so complacent that we

975
00:44:59,329 --> 00:44:57,540
are a little bit late on the calendar on

976
00:45:01,910 --> 00:44:59,339
this one but there is still time as you

977
00:45:04,370 --> 00:45:01,920
said and you know looking back

978
00:45:08,270 --> 00:45:04,380
throughout history even before the great

979
00:45:11,210 --> 00:45:08,280
Deluge 12 to 13 000 years ago there is

980
00:45:15,130 --> 00:45:11,220
historical evidence for civilizations

981
00:45:18,589 --> 00:45:15,140
mining gold you know 200 000 years ago

982
00:45:20,150 --> 00:45:18,599
and when when you look at that and why

983
00:45:22,490 --> 00:45:20,160
it had

984
00:45:25,190 --> 00:45:22,500
value then you have to seriously

985
00:45:28,490 --> 00:45:25,200
contemplate our situation now when we

986
00:45:30,770 --> 00:45:28,500
are trading in paper and credit cards

987
00:45:33,710 --> 00:45:30,780
and everything is based on debt there's

988
00:45:36,410 --> 00:45:33,720
no real value as you said I'm hoping you

989
00:45:39,290 --> 00:45:36,420
can tell listeners where they can

990
00:45:42,890 --> 00:45:39,300
purchase these gold backs secure

991
00:45:44,990 --> 00:45:42,900
something more that is uh tangible and a

992
00:45:47,089 --> 00:45:45,000
type of currency that will help them get

993
00:45:50,089 --> 00:45:47,099
through this

994
00:45:53,329 --> 00:45:50,099
oh you bet I'm I am uh well you probably

995
00:45:54,770 --> 00:45:53,339
guessed I am a gold back dealer I you

996
00:45:56,150 --> 00:45:54,780
asked and this is kind of goes into the

997
00:45:58,370 --> 00:45:56,160
other question I didn't quite fully

998
00:46:01,130 --> 00:45:58,380
answer where did this all begin

999
00:46:03,290 --> 00:46:01,140
so I I'm sorry for not answering more

1000
00:46:07,370 --> 00:46:03,300
quick more succinctly and quickly let me

1001
00:46:12,410 --> 00:46:07,380
let me dovetail into both questions okay

1002
00:46:13,910 --> 00:46:12,420
so in 2000 after this whole Fiasco with

1003
00:46:16,670 --> 00:46:13,920
the with the uh

1004
00:46:19,910 --> 00:46:16,680
a housing bubble or the the subprime

1005
00:46:22,609 --> 00:46:19,920
mortgage level I should say collapsed

1006
00:46:24,170 --> 00:46:22,619
I was the only thing I really had that

1007
00:46:25,849 --> 00:46:24,180
was asked that was my gold and silver

1008
00:46:28,130 --> 00:46:25,859
that I had I had positioned myself

1009
00:46:29,210 --> 00:46:28,140
pretty well with so I had that to fall

1010
00:46:30,770 --> 00:46:29,220
back on

1011
00:46:34,130 --> 00:46:30,780
and so

1012
00:46:36,829 --> 00:46:34,140
some of my larger accounts are that I

1013
00:46:40,030 --> 00:46:36,839
that I counsel to do qualified funds I

1014
00:46:43,370 --> 00:46:40,040
mean start up an IRAs and Keels and

1015
00:46:45,710 --> 00:46:43,380
401ks right profit sharing

1016
00:46:48,470 --> 00:46:45,720
I went back to them and I said based on

1017
00:46:51,230 --> 00:46:48,480
what we saw you know with the this

1018
00:46:53,750 --> 00:46:51,240
recession and the you know the

1019
00:46:55,190 --> 00:46:53,760
the subprime collapse what I would

1020
00:46:57,470 --> 00:46:55,200
recommend is

1021
00:46:59,750 --> 00:46:57,480
now you know now Congress has passed

1022
00:47:01,790 --> 00:46:59,760
laws where you can put all if you want

1023
00:47:07,910 --> 00:47:01,800
all of your

1024
00:47:09,589 --> 00:47:07,920
inside of your qualified accounts

1025
00:47:12,170 --> 00:47:09,599
so I went back to some of my clients and

1026
00:47:15,349 --> 00:47:12,180
there was one one firm that had over 100

1027
00:47:18,530 --> 00:47:15,359
employees and they did amassed Governor

1028
00:47:20,390 --> 00:47:18,540
a million dollars worth of in in their

1029
00:47:23,809 --> 00:47:20,400
paper accounts

1030
00:47:25,010 --> 00:47:23,819
and they're qualified 401K structure

1031
00:47:27,170 --> 00:47:25,020
okay

1032
00:47:29,930 --> 00:47:27,180
so I went to the owners of the company I

1033
00:47:32,270 --> 00:47:29,940
said look what you can do now you can I

1034
00:47:34,069 --> 00:47:32,280
really seeing us how you know same thing

1035
00:47:37,790 --> 00:47:34,079
we're talking about today

1036
00:47:39,770 --> 00:47:37,800
why not uh put all of these into solid

1037
00:47:42,470 --> 00:47:39,780
gold put them in a custodial account in

1038
00:47:45,050 --> 00:47:42,480
which I can put you in touch with

1039
00:47:47,150 --> 00:47:45,060
and just make sure you keep the the

1040
00:47:50,690 --> 00:47:47,160
promise of

1041
00:47:52,309 --> 00:47:50,700
the hard asset intact you own this but

1042
00:47:55,130 --> 00:47:52,319
if you can't have possession of it until

1043
00:47:57,650 --> 00:47:55,140
you retire correct you have to have in

1044
00:47:59,030 --> 00:47:57,660
what's called an IRS approved custodial

1045
00:48:01,550 --> 00:47:59,040
account

1046
00:48:04,670 --> 00:48:01,560
so I I had brokered a million dollars

1047
00:48:05,690 --> 00:48:04,680
roughly just to sit under a million into

1048
00:48:11,390 --> 00:48:05,700
gold

1049
00:48:14,030 --> 00:48:11,400
little bit so here I am brokering this

1050
00:48:14,690 --> 00:48:14,040
deal with uh a gold

1051
00:48:16,609 --> 00:48:14,700
um

1052
00:48:18,589 --> 00:48:16,619
gold company it's actually two gold

1053
00:48:20,329 --> 00:48:18,599
companies here in Utah

1054
00:48:22,130 --> 00:48:20,339
and of course we came in this as well

1055
00:48:24,829 --> 00:48:22,140
you know there's new state regulations

1056
00:48:26,630 --> 00:48:24,839
anything over a hundred thousand dollar

1057
00:48:28,849 --> 00:48:26,640
purchase they need to have this

1058
00:48:31,490 --> 00:48:28,859
information sent in and so that's

1059
00:48:32,870 --> 00:48:31,500
another business but if it's a law fine

1060
00:48:34,849 --> 00:48:32,880
we'll do it

1061
00:48:38,450 --> 00:48:34,859
well they sent it in and electronically

1062
00:48:41,089 --> 00:48:38,460
within hours after filling out the form

1063
00:48:43,670 --> 00:48:41,099
they were notified the the gold house

1064
00:48:47,809 --> 00:48:43,680
before they could transfer payment

1065
00:48:49,309 --> 00:48:47,819
that they had to collect 6.2 percent

1066
00:48:52,370 --> 00:48:49,319
sales tax

1067
00:48:56,089 --> 00:48:52,380
on that gold

1068
00:49:02,690 --> 00:48:58,790
I mean I was making maybe one and a half

1069
00:49:05,450 --> 00:49:02,700
percent on the float

1070
00:49:06,770 --> 00:49:05,460
I mean fifteen thousand that's a pretty

1071
00:49:09,349 --> 00:49:06,780
good condition

1072
00:49:12,950 --> 00:49:09,359
for the work that I'd done but it to

1073
00:49:15,530 --> 00:49:12,960
have the state take 62

1074
00:49:17,390 --> 00:49:15,540
000 for nothing

1075
00:49:18,410 --> 00:49:17,400
it didn't set well with me especially

1076
00:49:21,829 --> 00:49:18,420
because

1077
00:49:23,930 --> 00:49:21,839
we're talking money here right

1078
00:49:26,290 --> 00:49:23,940
so I wrote letters to the I says no

1079
00:49:28,490 --> 00:49:26,300
because if when I gave this information

1080
00:49:30,849 --> 00:49:28,500
to that they were saying well maybe we

1081
00:49:33,589 --> 00:49:30,859
better rethink this whole thing right

1082
00:49:36,170 --> 00:49:33,599
we'll keep it where it's at

1083
00:49:37,910 --> 00:49:36,180
that's 62 000 hit

1084
00:49:40,309 --> 00:49:37,920
I said wait a minute

1085
00:49:43,010 --> 00:49:40,319
let me work on this

1086
00:49:45,230 --> 00:49:43,020
so I began I mean I I went to the state

1087
00:49:47,569 --> 00:49:45,240
tax commissioner in Utah and I I said

1088
00:49:50,329 --> 00:49:47,579
what are you people thinking

1089
00:49:53,870 --> 00:49:50,339
what part of article one section 8 and

1090
00:49:55,609 --> 00:49:53,880
section 10 of our U.S Constitution don't

1091
00:49:58,069 --> 00:49:55,619
you understand

1092
00:50:00,849 --> 00:49:58,079
we're only gold and silver will be used

1093
00:50:04,010 --> 00:50:00,859
for extinguisher for debt for basically

1094
00:50:06,470 --> 00:50:04,020
money that's what article one section in

1095
00:50:10,250 --> 00:50:06,480
our constitution talks about

1096
00:50:14,210 --> 00:50:10,260
this is not a commodity like like oil or

1097
00:50:15,710 --> 00:50:14,220
or pork belly shares okay

1098
00:50:17,870 --> 00:50:15,720
this is

1099
00:50:19,550 --> 00:50:17,880
money

1100
00:50:22,130 --> 00:50:19,560
I said would you would you have a

1101
00:50:25,130 --> 00:50:22,140
problem if I put it all a million

1102
00:50:28,069 --> 00:50:25,140
dollars into jump silver which is still

1103
00:50:29,450 --> 00:50:28,079
quarters and dimes and half dollars all

1104
00:50:32,390 --> 00:50:29,460
silver

1105
00:50:34,730 --> 00:50:32,400
it's getting changed from their dollars

1106
00:50:37,130 --> 00:50:34,740
but no

1107
00:50:39,890 --> 00:50:37,140
you recognize that because it's stamped

1108
00:50:43,550 --> 00:50:39,900
in the U.S currency it's just taking

1109
00:50:46,670 --> 00:50:43,560
change for a dollar are you going to to

1110
00:50:48,530 --> 00:50:46,680
to charge 6.2 percent tax on junk silver

1111
00:50:50,390 --> 00:50:48,540
their answer was yes

1112
00:50:53,030 --> 00:50:50,400
it's a commodity at this point I'm

1113
00:50:57,650 --> 00:50:53,040
saying oh my goodness

1114
00:51:01,970 --> 00:50:59,569
so I came back and I did another chart

1115
00:51:05,450 --> 00:51:01,980
for for my client says okay look at

1116
00:51:09,490 --> 00:51:05,460
what's the historical value of gold okay

1117
00:51:11,030 --> 00:51:09,500
so you take a 6.2 percent hit

1118
00:51:12,950 --> 00:51:11,040
it's

1119
00:51:14,750 --> 00:51:12,960
like a surcharge but you'll probably get

1120
00:51:16,849 --> 00:51:14,760
it back and and they went ahead and did

1121
00:51:18,770 --> 00:51:16,859
anyway but I had to pay our state

1122
00:51:21,829 --> 00:51:18,780
government 62

1123
00:51:25,609 --> 00:51:23,750
and they didn't take it in Gold by the

1124
00:51:28,549 --> 00:51:25,619
way you had to pay them

1125
00:51:29,630 --> 00:51:28,559
it's a currency

1126
00:51:31,490 --> 00:51:29,640
so

1127
00:51:34,250 --> 00:51:31,500
I said this isn't this

1128
00:51:35,510 --> 00:51:34,260
additionally wrong

1129
00:51:38,870 --> 00:51:35,520
okay

1130
00:51:42,109 --> 00:51:38,880
so an attorney that I knew a very

1131
00:51:44,930 --> 00:51:42,119
skilled common law based attorney

1132
00:51:47,630 --> 00:51:44,940
he said you're right I I did I was on

1133
00:51:50,870 --> 00:51:47,640
talk radio shows explaining the problem

1134
00:51:52,309 --> 00:51:50,880
and and grousing about it in a strong

1135
00:51:54,170 --> 00:51:52,319
way I says this is just not

1136
00:51:57,049 --> 00:51:54,180
constitutional

1137
00:51:58,910 --> 00:51:57,059
even the state constitution it violates

1138
00:52:00,290 --> 00:51:58,920
that in my opinion right

1139
00:52:03,230 --> 00:52:00,300
so

1140
00:52:05,690 --> 00:52:03,240
this attorney uh Mr Hilton

1141
00:52:07,970 --> 00:52:05,700
wrote A bill

1142
00:52:11,750 --> 00:52:07,980
and introduced to the state legislature

1143
00:52:14,510 --> 00:52:11,760
it's called the Utah Species Act

1144
00:52:16,670 --> 00:52:14,520
where in if you check it out it was

1145
00:52:21,349 --> 00:52:16,680
passed in 2011

1146
00:52:24,710 --> 00:52:21,359
it made it clear that gold and silver

1147
00:52:27,109 --> 00:52:24,720
cannot be taxed

1148
00:52:31,309 --> 00:52:27,119
as a commodity because it isn't it's

1149
00:52:34,790 --> 00:52:31,319
it's it is found money end of story

1150
00:52:37,730 --> 00:52:34,800
and so Utah passed that law

1151
00:52:40,670 --> 00:52:37,740
and that's that the foundation for

1152
00:52:42,770 --> 00:52:40,680
again people buying large amounts of

1153
00:52:45,349 --> 00:52:42,780
gold and silver in their IRAs and POS

1154
00:52:47,870 --> 00:52:45,359
and 401ks

1155
00:52:49,630 --> 00:52:47,880
and not being having to pay tax to a

1156
00:52:52,190 --> 00:52:49,640
gold broker for it see

1157
00:52:56,210 --> 00:52:52,200
but that began

1158
00:52:58,849 --> 00:52:56,220
the the basis for the same group of

1159
00:53:01,910 --> 00:52:58,859
people to get together and and come up

1160
00:53:03,349 --> 00:53:01,920
with the patented process of the gold

1161
00:53:06,589 --> 00:53:03,359
back

1162
00:53:09,470 --> 00:53:06,599
making it smaller denominations and so

1163
00:53:12,349 --> 00:53:09,480
easily transferred and all being gold

1164
00:53:15,530 --> 00:53:12,359
right you don't have to worry about it

1165
00:53:16,849 --> 00:53:15,540
and that became the the foundation of

1166
00:53:19,010 --> 00:53:16,859
Golbat so

1167
00:53:22,069 --> 00:53:19,020
the other SEC the other question is you

1168
00:53:26,630 --> 00:53:22,079
asked that you asked uh I'm a I'm a

1169
00:53:28,849 --> 00:53:26,640
broker I'm proud to be a broker I I make

1170
00:53:30,410 --> 00:53:28,859
no bones out hopefully get some

1171
00:53:33,470 --> 00:53:30,420
Commission on people that are interested

1172
00:53:36,230 --> 00:53:33,480
in this but if they I guarantee you Ryan

1173
00:53:38,930 --> 00:53:36,240
it's going to be a minimal thing

1174
00:53:41,930 --> 00:53:38,940
all right I will tell you this

1175
00:53:44,210 --> 00:53:41,940
if it's okay with you Ryan

1176
00:53:47,930 --> 00:53:44,220
um have people contact you that are

1177
00:53:50,329 --> 00:53:47,940
interested okay all right I will

1178
00:53:53,630 --> 00:53:50,339
I will promise to you

1179
00:53:56,809 --> 00:53:53,640
that I will I will give this out at my

1180
00:53:58,910 --> 00:53:56,819
rock bottom uh it's just this is roughly

1181
00:54:01,790 --> 00:53:58,920
30 cents off

1182
00:54:04,430 --> 00:54:01,800
of the average exchange rate

1183
00:54:05,930 --> 00:54:04,440
that's your Buy rate and that's a I mean

1184
00:54:08,930 --> 00:54:05,940
I don't think you'll find that anywhere

1185
00:54:11,750 --> 00:54:08,940
anywhere on the internet okay sure you

1186
00:54:15,069 --> 00:54:11,760
can go buy some from money money uh

1187
00:54:18,829 --> 00:54:15,079
medals or or other places

1188
00:54:20,109 --> 00:54:18,839
apex apex has them American impressive

1189
00:54:22,190 --> 00:54:20,119
Metal Exchange

1190
00:54:24,530 --> 00:54:22,200
they're all over

1191
00:54:26,630 --> 00:54:24,540
but I don't think you'll find that

1192
00:54:28,790 --> 00:54:26,640
guaranteed price I will price that to

1193
00:54:31,670 --> 00:54:28,800
you Ryan all day long with your with

1194
00:54:34,490 --> 00:54:31,680
listeners I'll tell you something else

1195
00:54:37,549 --> 00:54:34,500
if you if you go into into a bigger

1196
00:54:40,549 --> 00:54:37,559
amounts like if you want to put out some

1197
00:54:43,849 --> 00:54:40,559
of your you go above 50 000 in a

1198
00:54:46,430 --> 00:54:43,859
qualified account okay I will drop that

1199
00:54:49,370 --> 00:54:46,440
another five five cents I'll go to 35

1200
00:54:51,530 --> 00:54:49,380
cents below

1201
00:54:53,569 --> 00:54:51,540
that's a good deal

1202
00:54:55,490 --> 00:54:53,579
that is a good deal

1203
00:54:57,410 --> 00:54:55,500
I'm gonna make a little bit on the other

1204
00:55:01,130 --> 00:54:57,420
side but not much

1205
00:55:03,710 --> 00:55:01,140
okay I don't care about making a

1206
00:55:07,370 --> 00:55:03,720
commission on this I care about getting

1207
00:55:11,390 --> 00:55:07,380
people outside of the box

1208
00:55:14,150 --> 00:55:11,400
of the the more people that are freed up

1209
00:55:16,730 --> 00:55:14,160
the more I'm freed up

1210
00:55:18,470 --> 00:55:16,740
you know what I'm talking about oh

1211
00:55:21,710 --> 00:55:18,480
absolutely all of this together we're

1212
00:55:27,349 --> 00:55:23,630
and you know all right the the the

1213
00:55:30,589 --> 00:55:27,359
amazing thing is that in all cultures

1214
00:55:33,589 --> 00:55:30,599
gold has an extensive history as do all

1215
00:55:35,809 --> 00:55:33,599
precious metals and in the even in the

1216
00:55:37,430 --> 00:55:35,819
Indigenous system of medicine the

1217
00:55:40,309 --> 00:55:37,440
consumption of gold or what they call

1218
00:55:43,910 --> 00:55:40,319
Gold therapy very little amounts

1219
00:55:45,770 --> 00:55:43,920
um has had widely prevalent use in areas

1220
00:55:50,150 --> 00:55:45,780
like India where it's still used a lot

1221
00:55:53,809 --> 00:55:50,160
and you go back more in uh biblical

1222
00:55:56,150 --> 00:55:53,819
times gold was valued very highly and

1223
00:55:59,829 --> 00:55:56,160
you go way back even discussing things

1224
00:56:03,109 --> 00:55:59,839
such as the Anunnaki and getting into

1225
00:56:06,049 --> 00:56:03,119
extraterrestrial areas and there are

1226
00:56:08,270 --> 00:56:06,059
very widespread beliefs that gold was

1227
00:56:09,770 --> 00:56:08,280
very involved in that so it's not as if

1228
00:56:12,650 --> 00:56:09,780
this is a commodity that's going to lose

1229
00:56:15,530 --> 00:56:12,660
its value because since the beginning of

1230
00:56:19,190 --> 00:56:15,540
man and his ability to write down or

1231
00:56:21,710 --> 00:56:19,200
verbally communicate history it has been

1232
00:56:23,390 --> 00:56:21,720
at the top of the totem pole as far as

1233
00:56:25,250 --> 00:56:23,400
currency I mean I don't see that

1234
00:56:29,230 --> 00:56:25,260
changing

1235
00:56:33,049 --> 00:56:29,240
absolutely you looked at the the uh the

1236
00:56:38,870 --> 00:56:33,059
Bible in the Old Testament talked about

1237
00:56:41,990 --> 00:56:38,880
the the contract between God and Abraham

1238
00:56:44,510 --> 00:56:42,000
and it was all based on a sound

1239
00:56:47,870 --> 00:56:44,520
principle of of weights and measures

1240
00:56:49,849 --> 00:56:47,880
were were ordained gold

1241
00:56:51,710 --> 00:56:49,859
to be the prime measurements called a

1242
00:56:55,190 --> 00:56:51,720
Sheck L of gold

1243
00:56:57,410 --> 00:56:55,200
check means a measurement of L or God

1244
00:57:00,049 --> 00:56:57,420
so that's what it actually means and so

1245
00:57:02,569 --> 00:57:00,059
this was the weight weight and measure

1246
00:57:05,210 --> 00:57:02,579
to measure what a a bushel of wheat

1247
00:57:07,970 --> 00:57:05,220
would be or a bunch of grapes to make

1248
00:57:11,329 --> 00:57:07,980
wine or wine itself any Commodities this

1249
00:57:13,430 --> 00:57:11,339
was ordained and this actually was true

1250
00:57:15,290 --> 00:57:13,440
in in Egypt anciently

1251
00:57:17,630 --> 00:57:15,300
the Egyptians were the first to

1252
00:57:20,450 --> 00:57:17,640
basically find our soul was told by

1253
00:57:22,870 --> 00:57:20,460
archaeologists to to make gold gold

1254
00:57:25,849 --> 00:57:22,880
coins as a means a border and

1255
00:57:28,309 --> 00:57:25,859
standardizing it so we see all this

1256
00:57:31,190 --> 00:57:28,319
happened through the judeo-christian

1257
00:57:32,270 --> 00:57:31,200
um code and even going back to Babylon

1258
00:57:34,370 --> 00:57:32,280
of course

1259
00:57:36,710 --> 00:57:34,380
the Code of Hammurabi and all of this

1260
00:57:38,569 --> 00:57:36,720
talks All About You Know The Honest

1261
00:57:41,510 --> 00:57:38,579
weights and measure of gold and silver

1262
00:57:46,190 --> 00:57:41,520
to some degree now

1263
00:57:48,950 --> 00:57:46,200
the ex the actual Hebrew word

1264
00:57:54,650 --> 00:57:48,960
for gold in the in the Hebrew text is

1265
00:57:56,630 --> 00:57:54,660
the word the zafab zahab z-a-h-a-b

1266
00:57:59,329 --> 00:57:56,640
now zahab

1267
00:58:01,670 --> 00:57:59,339
has a special meeting by the way

1268
00:58:04,670 --> 00:58:01,680
and I gotta say when we talk about gold

1269
00:58:06,470 --> 00:58:04,680
and even silver or any mineral my

1270
00:58:09,349 --> 00:58:06,480
business is called Mother Earth minerals

1271
00:58:11,930 --> 00:58:09,359
I I prepare minerals for the consumption

1272
00:58:13,609 --> 00:58:11,940
of people medicinally okay

1273
00:58:15,230 --> 00:58:13,619
or to help their health I shouldn't say

1274
00:58:16,190 --> 00:58:15,240
their medicine because they're they're

1275
00:58:18,049 --> 00:58:16,200
natural

1276
00:58:21,770 --> 00:58:18,059
Pure Nutrition

1277
00:58:24,530 --> 00:58:21,780
but guilt golden and silver and copper

1278
00:58:26,930 --> 00:58:24,540
and zinc and every other mineral

1279
00:58:29,690 --> 00:58:26,940
you know it's amazing

1280
00:58:31,670 --> 00:58:29,700
man cannot make that

1281
00:58:36,109 --> 00:58:31,680
you know how many times men has tried to

1282
00:58:38,270 --> 00:58:36,119
make manufacture gold synthetically or

1283
00:58:41,690 --> 00:58:38,280
silver think about it

1284
00:58:45,950 --> 00:58:44,329
we hear of the King Midas and the Midas

1285
00:58:47,809 --> 00:58:45,960
is touched when it's you know having the

1286
00:58:50,510 --> 00:58:47,819
gods give them the ability to make goal

1287
00:58:53,089 --> 00:58:50,520
we hear about Rumplestiltskin and and

1288
00:58:55,430 --> 00:58:53,099
the mythology and fairy tale stories

1289
00:58:57,890 --> 00:58:55,440
this little elf that can spin straw into

1290
00:58:59,390 --> 00:58:57,900
gold right so this has always been

1291
00:59:02,270 --> 00:58:59,400
what's known as the Philosopher's Stone

1292
00:59:03,950 --> 00:59:02,280
that the ancient ones have tried

1293
00:59:05,930 --> 00:59:03,960
to make

1294
00:59:07,010 --> 00:59:05,940
but you can't

1295
00:59:10,130 --> 00:59:07,020
okay

1296
00:59:11,630 --> 00:59:10,140
what's the difference Ryan between shiny

1297
00:59:13,430 --> 00:59:11,640
beautiful gold

1298
00:59:16,970 --> 00:59:13,440
and led

1299
00:59:19,069 --> 00:59:16,980
weighs weighs the same pretty much

1300
00:59:21,789 --> 00:59:19,079
then gold

1301
00:59:23,390 --> 00:59:21,799
lead has one

1302
00:59:25,190 --> 00:59:23,400
electron

1303
00:59:27,230 --> 00:59:25,200
and it's outer shell difference that's

1304
00:59:29,390 --> 00:59:27,240
it

1305
00:59:31,069 --> 00:59:29,400
you should be able to take away that

1306
00:59:35,089 --> 00:59:31,079
electron

1307
00:59:37,970 --> 00:59:35,099
proton

1308
00:59:40,670 --> 00:59:37,980
and then create turn light into gold you

1309
00:59:42,650 --> 00:59:40,680
think it would be easy for a a chemist

1310
00:59:45,109 --> 00:59:42,660
to do that

1311
00:59:46,670 --> 00:59:45,119
on the and the on the micro scale but

1312
00:59:49,309 --> 00:59:46,680
they can't

1313
00:59:51,289 --> 00:59:49,319
you can't it's it's

1314
00:59:52,789 --> 00:59:51,299
got a firewall they haven't been able to

1315
00:59:55,010 --> 00:59:52,799
break

1316
00:59:59,390 --> 00:59:55,020
you see

1317
01:00:02,569 --> 00:59:59,400
so it is absolutely the creation of a

1318
01:00:04,430 --> 01:00:02,579
form of the of our creator

1319
01:00:06,230 --> 01:00:04,440
that made this an ordained this on

1320
01:00:08,390 --> 01:00:06,240
everything else of every other mineral

1321
01:00:11,750 --> 01:00:08,400
okay

1322
01:00:13,670 --> 01:00:11,760
That's Unique people say well Dr Roth

1323
01:00:14,990 --> 01:00:13,680
thank you so much for for making these

1324
01:00:16,670 --> 01:00:15,000
minerals I have to correct him I said

1325
01:00:19,910 --> 01:00:16,680
please I don't make them

1326
01:00:22,250 --> 01:00:19,920
I just put them in a usable form and

1327
01:00:24,170 --> 01:00:22,260
bond them and label them okay the

1328
01:00:28,069 --> 01:00:24,180
Creator belongs it belongs to the person

1329
01:00:31,190 --> 01:00:28,079
who the the enemy that made this world

1330
01:00:35,630 --> 01:00:31,200
it didn't happen accidentally

1331
01:00:41,770 --> 01:00:38,569
it means this three

1332
01:00:44,750 --> 01:00:41,780
original paleo Hebrew letters

1333
01:00:46,910 --> 01:00:44,760
Zeon a hell

1334
01:00:49,549 --> 01:00:46,920
and better

1335
01:00:51,109 --> 01:00:49,559
those three things mean it mean

1336
01:00:53,510 --> 01:00:51,119
something by themselves when you combine

1337
01:00:54,770 --> 01:00:53,520
them it's a special message

1338
01:00:57,109 --> 01:00:54,780
The Hub

1339
01:00:58,490 --> 01:00:57,119
literally means

1340
01:01:01,549 --> 01:00:58,500
look

1341
01:01:04,970 --> 01:01:01,559
to this one who was coming who will be

1342
01:01:09,470 --> 01:01:04,980
pierced for your sins and will come from

1343
01:01:13,490 --> 01:01:09,480
the House of Bread of Bethlehem

1344
01:01:17,650 --> 01:01:13,500
it's a covenant word anciently

1345
01:01:21,069 --> 01:01:17,660
holy mackerel and we hear about

1346
01:01:25,309 --> 01:01:21,079
we read in the in the gospel text

1347
01:01:27,109 --> 01:01:25,319
Parables of of Christ teaching of

1348
01:01:30,049 --> 01:01:27,119
something called the Refiner's Fire

1349
01:01:33,049 --> 01:01:30,059
right you you have to go through this

1350
01:01:34,609 --> 01:01:33,059
trial and heed to refine to make the

1351
01:01:37,549 --> 01:01:34,619
purest gold

1352
01:01:38,750 --> 01:01:37,559
now when you have that 24 Karat pure

1353
01:01:41,690 --> 01:01:38,760
gold

1354
01:01:44,210 --> 01:01:41,700
it's indestructible right

1355
01:01:45,650 --> 01:01:44,220
you can't you can burn you try melting

1356
01:01:48,530 --> 01:01:45,660
it it doesn't

1357
01:01:50,809 --> 01:01:48,540
lose itself

1358
01:01:52,549 --> 01:01:50,819
you can even nuke it it won't matter

1359
01:01:53,569 --> 01:01:52,559
it's still

1360
01:01:57,109 --> 01:01:53,579
eternal

1361
01:01:59,270 --> 01:01:57,119
and it never loses its Brilliance and

1362
01:02:02,690 --> 01:01:59,280
its shine in this book no matter it's

1363
01:02:05,630 --> 01:02:02,700
not corruptable it's incorruptible

1364
01:02:08,510 --> 01:02:05,640
that's what's amazing about this

1365
01:02:10,910 --> 01:02:08,520
I mean Mel Fisher brought out all these

1366
01:02:13,609 --> 01:02:10,920
these pure gold uh artifacts out the

1367
01:02:16,430 --> 01:02:13,619
bottom of the ocean after since 14 or

1368
01:02:17,870 --> 01:02:16,440
since 1622.

1369
01:02:20,569 --> 01:02:17,880
and they're shiny as the day they went

1370
01:02:26,210 --> 01:02:23,270
it's incorruptible fascinating it really

1371
01:02:30,230 --> 01:02:26,220
is I mean it is it is when it comes to

1372
01:02:33,289 --> 01:02:30,240
Alchemy it really is the Divine medal

1373
01:02:35,510 --> 01:02:33,299
the Divine element and you know it's

1374
01:02:38,569 --> 01:02:35,520
it's just amazing and I want to also

1375
01:02:40,430 --> 01:02:38,579
point out I earlier I mentioned uh

1376
01:02:44,569 --> 01:02:40,440
before we jumped on together I mentioned

1377
01:02:46,430 --> 01:02:44,579
Mother Earth minerals me minerals.com

1378
01:02:49,970 --> 01:02:46,440
and listeners should definitely go there

1379
01:02:51,410 --> 01:02:49,980
I purchase your liquid minerals and I

1380
01:02:55,549 --> 01:02:51,420
think they're essential for good health

1381
01:02:58,430 --> 01:02:55,559
as well as other things liquid you even

1382
01:03:01,089 --> 01:02:58,440
have collodial silver you have liquid

1383
01:03:03,829 --> 01:03:01,099
gold you have all kinds of nutritional

1384
01:03:06,109 --> 01:03:03,839
supplements and you get them out to

1385
01:03:07,789 --> 01:03:06,119
people quickly they're very healthy I

1386
01:03:09,829 --> 01:03:07,799
noticed the difference I was I was in

1387
01:03:12,349 --> 01:03:09,839
the toilet and I needed potassium and

1388
01:03:16,190 --> 01:03:12,359
some other supplements and talk about

1389
01:03:18,650 --> 01:03:16,200
easily ingestible no horrid taste made

1390
01:03:20,930 --> 01:03:18,660
me feel amazing so I just want to

1391
01:03:23,150 --> 01:03:20,940
mention two listeners to go to me

1392
01:03:24,589 --> 01:03:23,160
minerals.com that's Mother Earth

1393
01:03:27,530 --> 01:03:24,599
minerals

1394
01:03:30,530 --> 01:03:27,540
and if you're interested in buying these

1395
01:03:32,569 --> 01:03:30,540
gold backs please reach out to me you

1396
01:03:36,530 --> 01:03:32,579
can do that at

1397
01:03:43,010 --> 01:03:36,540
hero paranormal at yahoo.com

1398
01:03:45,589 --> 01:03:43,020
and I can funnel you through to Dr

1399
01:03:48,349 --> 01:03:45,599
truatt and you can get some of these

1400
01:03:50,270 --> 01:03:48,359
amazing Utah gold backs is there

1401
01:03:54,710 --> 01:03:50,280
anything else that we should tell

1402
01:03:56,089 --> 01:03:54,720
listeners having to do with this topic

1403
01:03:57,770 --> 01:03:56,099
well it

1404
01:03:59,510 --> 01:03:57,780
it's not aware you are in the country

1405
01:04:02,150 --> 01:03:59,520
okay because

1406
01:04:04,069 --> 01:04:02,160
again the definition of money is is

1407
01:04:06,890 --> 01:04:04,079
something that's of value that anybody

1408
01:04:07,910 --> 01:04:06,900
will want to exchange goods or services

1409
01:04:11,089 --> 01:04:07,920
for

1410
01:04:13,069 --> 01:04:11,099
all right if you look on on eBay and

1411
01:04:15,950 --> 01:04:13,079
look at goldback there's a fellow that's

1412
01:04:18,349 --> 01:04:15,960
been selling these single goldback

1413
01:04:21,170 --> 01:04:18,359
units for about I don't know a year or

1414
01:04:23,690 --> 01:04:21,180
so at at twenty dollars you can buy it

1415
01:04:26,569 --> 01:04:23,700
now in 1995 or you can bid on the single

1416
01:04:28,670 --> 01:04:26,579
unit that's twenty dollars a unit and he

1417
01:04:30,470 --> 01:04:28,680
sold many of them

1418
01:04:32,870 --> 01:04:30,480
I was a shock

1419
01:04:36,109 --> 01:04:32,880
now that this is catching on more with

1420
01:04:39,470 --> 01:04:36,119
the with the bullion Sellers and coin

1421
01:04:42,230 --> 01:04:39,480
shops you know it's more like five fifty

1422
01:04:45,490 --> 01:04:42,240
six dollars a unit okay uh the average

1423
01:04:48,650 --> 01:04:45,500
exchange rate is as of today I think was

1424
01:04:50,030 --> 01:04:48,660
3.98 just a couple cents try it four

1425
01:04:53,510 --> 01:04:50,040
bucks

1426
01:04:54,950 --> 01:04:53,520
so you get the idea for this and I also

1427
01:04:57,109 --> 01:04:54,960
want to say when they first came out

1428
01:05:00,829 --> 01:04:57,119
based on the price of gold

1429
01:05:03,349 --> 01:05:00,839
in 2019 they were just a shy of two

1430
01:05:05,930 --> 01:05:03,359
dollars an average change rate they were

1431
01:05:08,809 --> 01:05:05,940
like the Bucks Buck 90 or something okay

1432
01:05:11,089 --> 01:05:08,819
so they they pretty much doubled in

1433
01:05:12,770 --> 01:05:11,099
value since 2019.

1434
01:05:15,170 --> 01:05:12,780
not because

1435
01:05:17,930 --> 01:05:15,180
okay that they're more valuable because

1436
01:05:21,589 --> 01:05:17,940
of their numismatic or collectible thing

1437
01:05:23,930 --> 01:05:21,599
no no no it's because gold is increased

1438
01:05:26,630 --> 01:05:23,940
which is what they are they're gold

1439
01:05:31,069 --> 01:05:26,640
which really means the purchasing power

1440
01:05:33,710 --> 01:05:31,079
of your paper dollars have gone in the

1441
01:05:35,450 --> 01:05:33,720
toilet they've they're less than half of

1442
01:05:38,450 --> 01:05:35,460
what they were in 2019 before the

1443
01:05:41,710 --> 01:05:38,460
so-called pandemic hit us

1444
01:05:46,069 --> 01:05:41,720
that's what you have to realize it's not

1445
01:05:47,030 --> 01:05:46,079
what the value is in U.S dollars no no

1446
01:05:49,549 --> 01:05:47,040
no

1447
01:05:52,130 --> 01:05:49,559
it's what people will take in exchange

1448
01:05:53,809 --> 01:05:52,140
for goods and services and that's the

1449
01:05:54,890 --> 01:05:53,819
store of value that I'm talking about

1450
01:05:57,530 --> 01:05:54,900
here

1451
01:05:59,690 --> 01:05:57,540
okay I don't know if too many stocks

1452
01:06:04,010 --> 01:05:59,700
that almost doubled in value since not

1453
01:06:05,390 --> 01:06:04,020
2019 do you do you Ryan none

1454
01:06:07,549 --> 01:06:05,400
yeah

1455
01:06:10,309 --> 01:06:07,559
see and it's based and it's all tagged

1456
01:06:13,309 --> 01:06:10,319
on return on investment rois

1457
01:06:15,410 --> 01:06:13,319
based on what people perceive is their

1458
01:06:18,230 --> 01:06:15,420
store of value which is false which is

1459
01:06:21,049 --> 01:06:18,240
the US dollar it's not

1460
01:06:22,730 --> 01:06:21,059
not bad at all that's what is it's what

1461
01:06:25,309 --> 01:06:22,740
you comply with it ladies and gentlemen

1462
01:06:27,529 --> 01:06:25,319
okay so that's why I'm saying get these

1463
01:06:29,870 --> 01:06:27,539
while you can

1464
01:06:31,250 --> 01:06:29,880
um I've been I've been super busy with

1465
01:06:32,930 --> 01:06:31,260
people now especially since what's

1466
01:06:35,690 --> 01:06:32,940
happened on Friday

1467
01:06:38,390 --> 01:06:35,700
but I I'm really shocked because I think

1468
01:06:40,430 --> 01:06:38,400
it should be three times more more busy

1469
01:06:41,390 --> 01:06:40,440
because people don't know what I just

1470
01:06:43,370 --> 01:06:41,400
talked about

1471
01:06:46,370 --> 01:06:43,380
they don't understand what money is

1472
01:06:48,109 --> 01:06:46,380
versus currency Ryan

1473
01:06:50,089 --> 01:06:48,119
and they're you know they don't have

1474
01:06:53,630 --> 01:06:50,099
money I think the friend of mine into

1475
01:06:56,750 --> 01:06:53,640
the to the mall uh about you know in

1476
01:06:57,950 --> 01:06:56,760
October or into November okay people are

1477
01:06:59,750 --> 01:06:57,960
starting to do their Christmas shopping

1478
01:07:01,849 --> 01:06:59,760
right

1479
01:07:03,410 --> 01:07:01,859
so I just set up and I

1480
01:07:06,710 --> 01:07:03,420
I had a

1481
01:07:09,529 --> 01:07:06,720
um I had my little VCR camera going and

1482
01:07:11,450 --> 01:07:09,539
I said could I you know I'm I'm through

1483
01:07:13,010 --> 01:07:11,460
lot with the story behind the story

1484
01:07:15,650 --> 01:07:13,020
radio show

1485
01:07:17,510 --> 01:07:15,660
can I ask you just a quick question

1486
01:07:20,150 --> 01:07:17,520
I'm doing it like a survey and most

1487
01:07:23,630 --> 01:07:20,160
people were polite and says well sure

1488
01:07:27,890 --> 01:07:23,640
I says what is money

1489
01:07:29,930 --> 01:07:27,900
and they look at uh what did you say

1490
01:07:31,250 --> 01:07:29,940
uh what

1491
01:07:34,309 --> 01:07:31,260
is

1492
01:07:38,450 --> 01:07:35,990
I think it looks to be like

1493
01:07:41,630 --> 01:07:38,460
are you kidding me are you this is

1494
01:07:46,849 --> 01:07:41,640
looking up a Candid Camera you know silk

1495
01:07:52,910 --> 01:07:50,870
and it is a big question though

1496
01:07:54,650 --> 01:07:52,920
and they looked at me and I said Do you

1497
01:07:56,569 --> 01:07:54,660
have do you have any money they just

1498
01:07:58,010 --> 01:07:56,579
want and they just turned up most of

1499
01:07:59,930 --> 01:07:58,020
them just said that's it I don't want to

1500
01:08:01,970 --> 01:07:59,940
talk to you anymore

1501
01:08:06,049 --> 01:08:01,980
but the ones that were that stayed

1502
01:08:08,930 --> 01:08:06,059
around to say well yeah uh money is what

1503
01:08:10,970 --> 01:08:08,940
I buy things with

1504
01:08:13,190 --> 01:08:10,980
see no

1505
01:08:15,230 --> 01:08:13,200
you buy things in your wallet in your

1506
01:08:16,970 --> 01:08:15,240
purse with currency

1507
01:08:19,249 --> 01:08:16,980
not money

1508
01:08:20,689 --> 01:08:19,259
it's a huge difference

1509
01:08:22,550 --> 01:08:20,699
and they didn't want to even stick

1510
01:08:24,349 --> 01:08:22,560
around to even learn more about when I

1511
01:08:27,050 --> 01:08:24,359
looked and I said what is money what's

1512
01:08:28,729 --> 01:08:27,060
nobody could tell me I mean I must have

1513
01:08:30,349 --> 01:08:28,739
talked to 100 people

1514
01:08:32,329 --> 01:08:30,359
and they all looked at me and said

1515
01:08:33,769 --> 01:08:32,339
you're stupid you know what kind of a

1516
01:08:36,169 --> 01:08:33,779
question is that we all know what money

1517
01:08:39,169 --> 01:08:36,179
is no but they don't

1518
01:08:41,150 --> 01:08:39,179
see that's the whole issue

1519
01:08:43,729 --> 01:08:41,160
to look for people I remember a couple

1520
01:08:46,849 --> 01:08:43,739
of couple of uh Hispanic ladies plus or

1521
01:08:49,430 --> 01:08:46,859
you and they started talking in Spanish

1522
01:08:50,110 --> 01:08:49,440
but instead of like this local crazy you

1523
01:08:53,630 --> 01:08:50,120
know

1524
01:08:55,130 --> 01:08:53,640
and just walked away like don't answer

1525
01:08:57,229 --> 01:08:55,140
any questions

1526
01:08:59,329 --> 01:08:57,239
it's by asking what money is run away

1527
01:09:00,650 --> 01:08:59,339
from them they're stupid or crazy right

1528
01:09:02,390 --> 01:09:00,660
that's right

1529
01:09:06,289 --> 01:09:02,400
and and there seems to be a lot of

1530
01:09:09,169 --> 01:09:06,299
imitation money or currency because

1531
01:09:12,349 --> 01:09:09,179
since the beginnings of time it seems as

1532
01:09:14,749 --> 01:09:12,359
if everything is trying to represent or

1533
01:09:16,970 --> 01:09:14,759
be the new gold or silver and there's

1534
01:09:19,970 --> 01:09:16,980
just no way to really mimic that it's

1535
01:09:22,249 --> 01:09:19,980
it's a pretty important message

1536
01:09:24,650 --> 01:09:22,259
well absolutely that's why you know I

1537
01:09:26,749 --> 01:09:24,660
thank you for inviting me on on your

1538
01:09:29,150 --> 01:09:26,759
podcast again you're always on the cusp

1539
01:09:31,249 --> 01:09:29,160
of things Ryan and so I would just I

1540
01:09:33,229 --> 01:09:31,259
would just leave it with with that as

1541
01:09:35,269 --> 01:09:33,239
people just just to contemplate

1542
01:09:38,390 --> 01:09:35,279
philosophically really what we're

1543
01:09:41,590 --> 01:09:38,400
talking about here okay

1544
01:09:44,689 --> 01:09:41,600
whatever people are willing

1545
01:09:48,650 --> 01:09:44,699
to exchange is really the value here

1546
01:09:52,070 --> 01:09:48,660
okay so it goes back and even though you

1547
01:09:54,169 --> 01:09:52,080
may be listening to us in Alaska or even

1548
01:09:57,890 --> 01:09:54,179
Canada I I have some people on my radio

1549
01:09:59,570 --> 01:09:57,900
show send me money in the Philippines to

1550
01:10:00,830 --> 01:09:59,580
send them to the Philippines

1551
01:10:03,410 --> 01:10:00,840
because

1552
01:10:06,530 --> 01:10:03,420
whether it's a peso in the Philippines

1553
01:10:09,110 --> 01:10:06,540
or Mexico or what have you would you

1554
01:10:10,669 --> 01:10:09,120
rather have that piece of Monopoly

1555
01:10:13,310 --> 01:10:10,679
looking paper or a really sunny

1556
01:10:15,770 --> 01:10:13,320
beautiful fungible

1557
01:10:19,669 --> 01:10:15,780
same and you know what's happening the

1558
01:10:21,950 --> 01:10:19,679
the guy that I sent about 200 USD worth

1559
01:10:25,010 --> 01:10:21,960
down to the Philippines he's like people

1560
01:10:27,110 --> 01:10:25,020
are just loving these

1561
01:10:29,149 --> 01:10:27,120
they love them

1562
01:10:31,970 --> 01:10:29,159
because they look so they look really

1563
01:10:34,010 --> 01:10:31,980
cool their artwork

1564
01:10:35,990 --> 01:10:34,020
the this bracelets and the other Pro

1565
01:10:38,510 --> 01:10:36,000
problem that we're facing with these

1566
01:10:39,950 --> 01:10:38,520
right they do look like something you

1567
01:10:41,930 --> 01:10:39,960
could frame if they don't want to give

1568
01:10:43,130 --> 01:10:41,940
them up they're hoarding them and I want

1569
01:10:47,630 --> 01:10:43,140
people

1570
01:10:49,850 --> 01:10:47,640
and use them as currency but even though

1571
01:10:51,350 --> 01:10:49,860
they're money uh to buy goods and

1572
01:10:53,390 --> 01:10:51,360
services get them exchange because they

1573
01:10:55,850 --> 01:10:53,400
hold up a whole lot better

1574
01:10:59,030 --> 01:10:55,860
than paper dollars I mean they're they

1575
01:11:01,870 --> 01:10:59,040
don't they don't have you know viruses

1576
01:11:04,370 --> 01:11:01,880
bugs and anything I don't know gold is

1577
01:11:07,490 --> 01:11:04,380
anti-bacterial by the way you know you

1578
01:11:09,050 --> 01:11:07,500
really it's not filthy Luther it's not

1579
01:11:10,970 --> 01:11:09,060
nasty

1580
01:11:13,630 --> 01:11:10,980
things where people can Harbor disease

1581
01:11:16,370 --> 01:11:13,640
and now these are gold and silver

1582
01:11:19,130 --> 01:11:16,380
anti-bacterial and antiviral themselves

1583
01:11:21,350 --> 01:11:19,140
is a very nature of them okay

1584
01:11:23,750 --> 01:11:21,360
so you don't have to disinfect these and

1585
01:11:25,550 --> 01:11:23,760
they they no matter what they are shiny

1586
01:11:27,649 --> 01:11:25,560
and beautiful I mean you can put them in

1587
01:11:29,870 --> 01:11:27,659
salt water and they just come out

1588
01:11:31,370 --> 01:11:29,880
looking like I mean they don't corrode

1589
01:11:34,189 --> 01:11:31,380
they're beautiful

1590
01:11:35,990 --> 01:11:34,199
so people are saying wow

1591
01:11:37,610 --> 01:11:36,000
um in fact my employees shared Mother

1592
01:11:39,350 --> 01:11:37,620
Earth minerals

1593
01:11:41,330 --> 01:11:39,360
it says you know I'll give you guys a

1594
01:11:42,890 --> 01:11:41,340
choice I'll either you know keep you

1595
01:11:45,169 --> 01:11:42,900
know to do your time cards and I'll pay

1596
01:11:47,330 --> 01:11:45,179
you in in Gold bags

1597
01:11:49,130 --> 01:11:47,340
oh we'll just keep it the way it is and

1598
01:11:50,510 --> 01:11:49,140
even though my employees love to go

1599
01:11:53,450 --> 01:11:50,520
backs

1600
01:11:54,350 --> 01:11:53,460
they say well I want to be paid in this

1601
01:11:56,689 --> 01:11:54,360
because

1602
01:11:59,630 --> 01:11:56,699
I don't want to spend I won't spend

1603
01:12:05,209 --> 01:12:02,390
okay well that's a real compliment to

1604
01:12:06,950 --> 01:12:05,219
their their value because people you go

1605
01:12:10,010 --> 01:12:06,960
out and say would you would you give me

1606
01:12:11,270 --> 01:12:10,020
a five dollar hunk of cheese for one of

1607
01:12:14,330 --> 01:12:11,280
these dollars

1608
01:12:17,149 --> 01:12:14,340
one of these uh these

1609
01:12:19,490 --> 01:12:17,159
this artwork this goldback

1610
01:12:21,950 --> 01:12:19,500
well heck yeah that's that's beautiful

1611
01:12:24,410 --> 01:12:21,960
yeah I guess so

1612
01:12:27,530 --> 01:12:24,420
it's what people are willing to exchange

1613
01:12:30,110 --> 01:12:27,540
for in in their goods and services which

1614
01:12:33,229 --> 01:12:30,120
is what money is all about it's why we

1615
01:12:37,970 --> 01:12:33,239
made money is how do you exchange

1616
01:12:40,250 --> 01:12:37,980
uh for a fish or a uh piece of bread a

1617
01:12:42,110 --> 01:12:40,260
loaf right

1618
01:12:43,490 --> 01:12:42,120
what are you willing to exchange for

1619
01:12:48,470 --> 01:12:43,500
that

1620
01:12:50,870 --> 01:12:48,480
yeah

1621
01:12:53,209 --> 01:12:50,880
I'll if I'm hungry I'll work if I have

1622
01:12:55,010 --> 01:12:53,219
to I don't want to starve

1623
01:12:57,110 --> 01:12:55,020
you see

1624
01:13:00,470 --> 01:12:57,120
so that's the whole basis of what gold

1625
01:13:02,030 --> 01:13:00,480
is it's a measurement of a person's

1626
01:13:04,550 --> 01:13:02,040
labor

1627
01:13:08,930 --> 01:13:04,560
you understand that

1628
01:13:11,689 --> 01:13:08,940
okay the biggest thief of all is the

1629
01:13:14,810 --> 01:13:11,699
individual that comes in and gives you

1630
01:13:17,930 --> 01:13:14,820
an inflationary piece of paper as a

1631
01:13:20,270 --> 01:13:17,940
promise to pay for your labor

1632
01:13:24,290 --> 01:13:20,280
man is putting people under under

1633
01:13:27,229 --> 01:13:24,300
slavery a bondage again a bond

1634
01:13:29,270 --> 01:13:27,239
kind of stock

1635
01:13:30,110 --> 01:13:29,280
oh we've got to change people's mindset

1636
01:13:32,390 --> 01:13:30,120
Brian

1637
01:13:33,770 --> 01:13:32,400
the way you think about things

1638
01:13:37,430 --> 01:13:33,780
and then

1639
01:13:40,250 --> 01:13:37,440
yeah uh at least here in my neighborhood

1640
01:13:43,550 --> 01:13:40,260
I'm working to get a little convenience

1641
01:13:45,649 --> 01:13:43,560
stores groceries grocery places that a

1642
01:13:47,330 --> 01:13:45,659
mom and pop especially they're easy oh

1643
01:13:49,370 --> 01:13:47,340
heck yeah I'll take these on and I'll

1644
01:13:50,990 --> 01:13:49,380
take them at the at the average exchange

1645
01:13:54,709 --> 01:13:51,000
rate the only thing they have to do is

1646
01:13:58,370 --> 01:13:54,719
is look up goldback.com okay that's the

1647
01:14:03,950 --> 01:14:00,649
and see what the average exchange rate

1648
01:14:07,070 --> 01:14:03,960
is whether it's a a Nevada issued one

1649
01:14:08,450 --> 01:14:07,080
the Nevada series there's a Wyoming

1650
01:14:12,110 --> 01:14:08,460
series there's a New Hampshire series

1651
01:14:13,910 --> 01:14:12,120
and a Utah Series right no matter what

1652
01:14:16,669 --> 01:14:13,920
it is it's the same price average

1653
01:14:19,729 --> 01:14:16,679
exchange rate across the board

1654
01:14:22,910 --> 01:14:19,739
so that the the gross or whoever the gas

1655
01:14:25,010 --> 01:14:22,920
station owner says okay well

1656
01:14:26,810 --> 01:14:25,020
I can I'll I'll take them for that

1657
01:14:28,189 --> 01:14:26,820
exchange rate it's just a matter of

1658
01:14:31,330 --> 01:14:28,199
calculating them out there's a really

1659
01:14:34,070 --> 01:14:31,340
handy calculator on goldback.com

1660
01:14:35,510 --> 01:14:34,080
exchange rate calculator if you put out

1661
01:14:38,330 --> 01:14:35,520
the amount let's say you have a hundred

1662
01:14:39,410 --> 01:14:38,340
dollars worth of gas or petrol

1663
01:14:41,510 --> 01:14:39,420
okay

1664
01:14:44,270 --> 01:14:41,520
ding ding ding put it in place that's

1665
01:14:46,130 --> 01:14:44,280
how much buildbacks you have to to give

1666
01:14:47,270 --> 01:14:46,140
pretty simple

1667
01:14:50,810 --> 01:14:47,280
you know

1668
01:14:55,010 --> 01:14:50,820
not not not rocket science

1669
01:14:57,709 --> 01:14:55,020
so so I want people and and the in the

1670
01:14:59,810 --> 01:14:57,719
marketplace to start taking them

1671
01:15:01,930 --> 01:14:59,820
and exchanging him and it even says if

1672
01:15:05,390 --> 01:15:01,940
it's a neighborhood uh

1673
01:15:08,990 --> 01:15:05,400
start paying your your the kids that do

1674
01:15:11,270 --> 01:15:09,000
odd jobs for you uh I I made a deal with

1675
01:15:13,250 --> 01:15:11,280
my lawn uh maintenance people the

1676
01:15:15,649 --> 01:15:13,260
payment gold back

1677
01:15:17,750 --> 01:15:15,659
that's where it starts I want to get

1678
01:15:19,370 --> 01:15:17,760
these out and get people they can they

1679
01:15:21,050 --> 01:15:19,380
want to go down to the grocery store and

1680
01:15:23,090 --> 01:15:21,060
buy some they can use the Gold bags they

1681
01:15:26,450 --> 01:15:23,100
just gave them

1682
01:15:28,970 --> 01:15:26,460
now that's where things change

1683
01:15:31,310 --> 01:15:28,980
if enough people start exchanging these

1684
01:15:32,390 --> 01:15:31,320
and using them as currency that's the

1685
01:15:36,550 --> 01:15:32,400
big thing is you on the website

1686
01:15:39,530 --> 01:15:36,560
goback.com they are virtually

1687
01:15:40,729 --> 01:15:39,540
impossible to counterfeit

1688
01:15:42,709 --> 01:15:40,739
okay

1689
01:15:45,530 --> 01:15:42,719
they're each given individual serial

1690
01:15:47,630 --> 01:15:45,540
number and the the the structures of

1691
01:15:50,450 --> 01:15:47,640
them good luck trying to counterfeit

1692
01:15:53,209 --> 01:15:50,460
those you just really can't

1693
01:15:54,709 --> 01:15:53,219
it's impossible it's a patent-pending

1694
01:15:56,330 --> 01:15:54,719
process

1695
01:15:58,250 --> 01:15:56,340
that's a neat thing you can't

1696
01:16:01,430 --> 01:15:58,260
counterfeit these

1697
01:16:03,169 --> 01:16:01,440
and in closing you know man a lot of

1698
01:16:05,330 --> 01:16:03,179
gold and silver

1699
01:16:08,270 --> 01:16:05,340
coins have been counterfeited lately and

1700
01:16:14,450 --> 01:16:11,930
a good friend of mine put I told them

1701
01:16:17,149 --> 01:16:14,460
about about getting I wanted to buy some

1702
01:16:19,550 --> 01:16:17,159
some uh Silver Eagles from me

1703
01:16:22,310 --> 01:16:19,560
because I do broker with a with a

1704
01:16:25,189 --> 01:16:22,320
company called Monarch coin

1705
01:16:28,250 --> 01:16:25,199
and he says okay well they're expensive

1706
01:16:29,390 --> 01:16:28,260
they're 30 35 36 dollars a coin says

1707
01:16:31,669 --> 01:16:29,400
yeah because

1708
01:16:33,470 --> 01:16:31,679
they're American Eagles and people pay a

1709
01:16:35,870 --> 01:16:33,480
premium for that because it's of the U.S

1710
01:16:38,689 --> 01:16:35,880
treasury all right

1711
01:16:41,450 --> 01:16:38,699
well I can get a I can get a generic

1712
01:16:44,270 --> 01:16:41,460
round for about nine dollars less why

1713
01:16:48,229 --> 01:16:44,280
should I want to do that

1714
01:16:49,370 --> 01:16:48,239
so I said to him well because the U.S

1715
01:16:50,689 --> 01:16:49,380
treasury

1716
01:16:53,209 --> 01:16:50,699
they're more

1717
01:16:56,030 --> 01:16:53,219
available and more you know easily

1718
01:16:58,189 --> 01:16:56,040
there's a there's a a premium on no

1719
01:17:01,430 --> 01:16:58,199
matter where you go to them to buy them

1720
01:17:05,030 --> 01:17:01,440
you always get that that same value

1721
01:17:08,390 --> 01:17:05,040
higher well you said ah well I I think

1722
01:17:10,850 --> 01:17:08,400
I'll just look for generic rounds hmm

1723
01:17:14,330 --> 01:17:10,860
so you know what he did he he found a

1724
01:17:15,709 --> 01:17:14,340
place he got him off of eBay thirty

1725
01:17:17,450 --> 01:17:15,719
thousand dollars

1726
01:17:19,970 --> 01:17:17,460
and they certified that they were

1727
01:17:22,970 --> 01:17:19,980
American Eagles

1728
01:17:27,050 --> 01:17:22,980
and so he gets them and they were about

1729
01:17:28,189 --> 01:17:27,060
they got up about 22 around instead of

1730
01:17:30,350 --> 01:17:28,199
35.

1731
01:17:33,050 --> 01:17:30,360
and he was like

1732
01:17:34,910 --> 01:17:33,060
uh you're trying to rip me off because I

1733
01:17:37,430 --> 01:17:34,920
thought you were my friend I got these

1734
01:17:39,890 --> 01:17:37,440
on on a special clothes out on eBay for

1735
01:17:42,290 --> 01:17:39,900
22 bucks you're trying to make all this

1736
01:17:44,209 --> 01:17:42,300
money on me and he got he's I said I

1737
01:17:46,729 --> 01:17:44,219
thought you're my friend

1738
01:17:49,010 --> 01:17:46,739
I said I won't tell you his name I said

1739
01:17:56,030 --> 01:17:49,020
no

1740
01:17:58,550 --> 01:17:56,040
legitimate well he got him let me tell

1741
01:18:02,330 --> 01:17:58,560
you right they came

1742
01:18:06,169 --> 01:18:02,340
just what's called a monster box right

1743
01:18:09,229 --> 01:18:06,179
they had the green lid on the plastic uh

1744
01:18:11,390 --> 01:18:09,239
it looked boy it looked legitimate oh my

1745
01:18:13,250 --> 01:18:11,400
goodness I was wondering how in the

1746
01:18:14,570 --> 01:18:13,260
world this this guy must be really hard

1747
01:18:19,310 --> 01:18:14,580
up to sell

1748
01:18:24,530 --> 01:18:21,229
and I was thinking maybe I could go buy

1749
01:18:27,410 --> 01:18:24,540
a bunch because my goodness

1750
01:18:30,350 --> 01:18:27,420
but I said okay not all I said

1751
01:18:33,649 --> 01:18:30,360
something's wrong here my friend he says

1752
01:18:35,630 --> 01:18:33,659
yeah you're trying to rip people off I'm

1753
01:18:37,729 --> 01:18:35,640
telling everybody I can to go buy these

1754
01:18:41,149 --> 01:18:37,739
that want to buy silk

1755
01:18:43,310 --> 01:18:41,159
I said okay bring them to me unless look

1756
01:18:46,430 --> 01:18:43,320
let's analyze

1757
01:18:47,830 --> 01:18:46,440
I gotta tell you

1758
01:18:52,030 --> 01:18:47,840
I

1759
01:18:54,410 --> 01:18:52,040
looked looked so legitimate to me

1760
01:18:56,450 --> 01:18:54,420
they clinked like these you know they

1761
01:18:58,729 --> 01:18:56,460
have a special thing they're shiny they

1762
01:19:01,130 --> 01:18:58,739
look beautiful

1763
01:19:03,770 --> 01:19:01,140
man did they go do a good job on these

1764
01:19:11,270 --> 01:19:03,780
except for one thing they're magnetic

1765
01:19:11,280 --> 01:19:16,010
that's what he said he got hosed

1766
01:19:19,550 --> 01:19:18,410
so he went back on I want to return

1767
01:19:21,530 --> 01:19:19,560
these

1768
01:19:23,770 --> 01:19:21,540
why are they defective

1769
01:19:26,709 --> 01:19:23,780
well they're phoning baloney

1770
01:19:29,510 --> 01:19:26,719
no they wouldn't return them because

1771
01:19:31,149 --> 01:19:29,520
they said that he exchanged and then

1772
01:19:34,550 --> 01:19:31,159
ripped them off

1773
01:19:38,510 --> 01:19:34,560
exactly who way to go yep buyer beware

1774
01:19:42,310 --> 01:19:40,149
don't

1775
01:19:45,890 --> 01:19:42,320
listen they said

1776
01:19:50,030 --> 01:19:45,900
these come from our friends in China

1777
01:19:50,040 --> 01:19:54,350
I took him into my coin dealer

1778
01:19:58,370 --> 01:19:56,209
I took a sleeve you know they had the

1779
01:19:59,689 --> 01:19:58,380
U.S treasury seal and everything on them

1780
01:20:03,470 --> 01:19:59,699
right

1781
01:20:08,630 --> 01:20:03,480
I took the sleep in he looked him up

1782
01:20:12,050 --> 01:20:08,640
he says okay I'll give you 34 per coin

1783
01:20:14,930 --> 01:20:12,060
I said you will because yep

1784
01:20:18,229 --> 01:20:14,940
you got 20 in a sleeve

1785
01:20:21,050 --> 01:20:18,239
600 whatever you know

1786
01:20:23,510 --> 01:20:21,060
you want to cash a check I said

1787
01:20:25,070 --> 01:20:23,520
oh man he slapped he says what are you

1788
01:20:27,169 --> 01:20:25,080
laughing at

1789
01:20:28,850 --> 01:20:27,179
I said I don't blame you I would have I

1790
01:20:31,610 --> 01:20:28,860
mean it fooled me too

1791
01:20:33,229 --> 01:20:31,620
I had my neodymium magnet I said put a

1792
01:20:37,310 --> 01:20:33,239
magnet on those

1793
01:20:39,649 --> 01:20:37,320
think he goes what the hell it was it

1794
01:20:42,649 --> 01:20:39,659
would have fooled him without the magnet

1795
01:20:45,290 --> 01:20:42,659
unbelievable

1796
01:20:48,050 --> 01:20:45,300
and he says what's going on here I says

1797
01:20:51,649 --> 01:20:48,060
I want to help oh and you know what's

1798
01:20:51,659 --> 01:20:55,310
he went to his

1799
01:20:55,320 --> 01:20:58,430
coin case

1800
01:21:05,209 --> 01:21:00,530
he had just taken in a bunch of these

1801
01:21:05,219 --> 01:21:11,870
just got Shady he got hosed he got hoes

1802
01:21:11,880 --> 01:21:16,729
he never thought to put a magnet on him

1803
01:21:16,739 --> 01:21:19,970
what a concept

1804
01:21:24,770 --> 01:21:20,990
so

1805
01:21:26,630 --> 01:21:24,780
and you know what he there was there was

1806
01:21:28,189 --> 01:21:26,640
there was another fellow he has to put

1807
01:21:30,050 --> 01:21:28,199
him on some of this there was a couple

1808
01:21:32,270 --> 01:21:30,060
of of gold

1809
01:21:35,630 --> 01:21:32,280
Eagle you know the smaller Gold Eagles

1810
01:21:37,090 --> 01:21:35,640
that he just bought from the same guy

1811
01:21:40,490 --> 01:21:37,100
and they were like

1812
01:21:42,950 --> 01:21:40,500
1878 he paid him he said there were

1813
01:21:47,510 --> 01:21:42,960
three of them he paid him a

1814
01:21:53,030 --> 01:21:50,530
and those were magnetic too

1815
01:21:57,229 --> 01:21:53,040
whoa they are getting Good China is

1816
01:22:01,430 --> 01:21:57,239
getting good at falsifying really good

1817
01:22:03,590 --> 01:22:01,440
man was he he was he was happy and

1818
01:22:06,169 --> 01:22:03,600
thankful for me up on one end but

1819
01:22:07,850 --> 01:22:06,179
thick on the other he said I can't very

1820
01:22:09,470 --> 01:22:07,860
well go back and

1821
01:22:11,149 --> 01:22:09,480
you know

1822
01:22:14,149 --> 01:22:11,159
because I think the guy was probably

1823
01:22:17,990 --> 01:22:14,159
duped him as well he was but he didn't I

1824
01:22:19,250 --> 01:22:18,000
just I know this guy he's not a shyster

1825
01:22:21,530 --> 01:22:19,260
he's a

1826
01:22:24,290 --> 01:22:21,540
he probably took him in for somebody

1827
01:22:27,950 --> 01:22:24,300
else and pay somebody else

1828
01:22:32,090 --> 01:22:29,810
yeah and that's the difference you're

1829
01:22:35,870 --> 01:22:32,100
somebody I know and trust and and and

1830
01:22:42,649 --> 01:22:35,880
and these these people on eBay Etc a lot

1831
01:22:46,010 --> 01:22:43,970
you know the the

1832
01:22:48,590 --> 01:22:46,020
History Channel boys down there at Vegas

1833
01:22:50,450 --> 01:22:48,600
I would be surprised that they maybe

1834
01:22:51,770 --> 01:22:50,460
they could catch it because they

1835
01:22:53,330 --> 01:22:51,780
probably have magnets on these because

1836
01:22:56,510 --> 01:22:53,340
they're they're pretty up on things but

1837
01:23:01,610 --> 01:22:56,520
man oh man I don't think most people

1838
01:23:05,630 --> 01:23:04,010
it's I thought well they just I just

1839
01:23:06,709 --> 01:23:05,640
thought about putting a magnet on it

1840
01:23:08,810 --> 01:23:06,719
could clink

1841
01:23:12,669 --> 01:23:08,820
it stuck to him even through the the

1842
01:23:18,169 --> 01:23:15,649
what amazing

1843
01:23:20,270 --> 01:23:18,179
it's scary it's scary what people are

1844
01:23:22,430 --> 01:23:20,280
getting away with and I I just can't

1845
01:23:24,770 --> 01:23:22,440
thank you enough as we wrap up here uh

1846
01:23:27,350 --> 01:23:24,780
for coming on sharing your knowledge and

1847
01:23:29,570 --> 01:23:27,360
experience I will definitely send any

1848
01:23:31,070 --> 01:23:29,580
listeners your way

1849
01:23:33,590 --> 01:23:31,080
um that are interested in buying

1850
01:23:36,229 --> 01:23:33,600
something that is more conducive to

1851
01:23:39,709 --> 01:23:36,239
weathering the storm and

1852
01:23:41,450 --> 01:23:39,719
um yeah uh definitely look forward to

1853
01:23:43,070 --> 01:23:41,460
hopefully talking to you again is there

1854
01:23:44,270 --> 01:23:43,080
any closing comments we should we should

1855
01:23:46,490 --> 01:23:44,280
end with

1856
01:23:49,189 --> 01:23:46,500
now just to just get these you'll love

1857
01:23:51,410 --> 01:23:49,199
them uh if you if you're not really

1858
01:23:54,709 --> 01:23:51,420
looking to spend them if you want to

1859
01:23:57,649 --> 01:23:54,719
hold them I would say go 50 the 50s

1860
01:24:01,010 --> 01:23:57,659
which is 50 you can feel the weight of

1861
01:24:04,310 --> 01:24:01,020
the 50 50 units okay

1862
01:24:07,490 --> 01:24:04,320
it's literally the same exact weight as

1863
01:24:09,290 --> 01:24:07,500
a you know 51s in fact I have a friend

1864
01:24:11,090 --> 01:24:09,300
who's an engineer

1865
01:24:12,530 --> 01:24:11,100
um who I showed all this to and he

1866
01:24:15,530 --> 01:24:12,540
thought well

1867
01:24:17,149 --> 01:24:15,540
I have about uh I had about ten thousand

1868
01:24:17,930 --> 01:24:17,159
dollars worth and I've shown to him he

1869
01:24:21,050 --> 01:24:17,940
says

1870
01:24:22,729 --> 01:24:21,060
I'm gonna let's let's analyze these and

1871
01:24:25,070 --> 01:24:22,739
so I should have made I'll probably make

1872
01:24:28,130 --> 01:24:25,080
this into a video right because he he

1873
01:24:31,430 --> 01:24:28,140
has as an engineer he has a very precise

1874
01:24:33,649 --> 01:24:31,440
to the half gram scale

1875
01:24:37,250 --> 01:24:33,659
he measures things with his when he does

1876
01:24:39,590 --> 01:24:37,260
he worked for uh file call okay

1877
01:24:40,669 --> 01:24:39,600
and so he has a very precise measuring

1878
01:24:42,770 --> 01:24:40,679
scale

1879
01:24:45,290 --> 01:24:42,780
electronic

1880
01:24:48,229 --> 01:24:45,300
he put one goal back and measured the

1881
01:24:49,910 --> 01:24:48,239
gram weight which is indeed one

1882
01:24:51,590 --> 01:24:49,920
thousandth of an ounce of the to the

1883
01:24:54,169 --> 01:24:51,600
gram

1884
01:24:56,750 --> 01:24:54,179
exactly what it says

1885
01:24:58,669 --> 01:24:56,760
on on the from the face

1886
01:25:02,149 --> 01:24:58,679
and then he measured

1887
01:25:03,590 --> 01:25:02,159
a hundred other ones and they were all

1888
01:25:06,530 --> 01:25:03,600
identical

1889
01:25:09,229 --> 01:25:06,540
no up or down

1890
01:25:12,050 --> 01:25:09,239
then he measured the fives and the tens

1891
01:25:16,430 --> 01:25:12,060
and the 25s and the 50s and they were

1892
01:25:19,550 --> 01:25:16,440
all identical he was mightily impressed

1893
01:25:22,610 --> 01:25:19,560
he says I would like to help you you

1894
01:25:25,070 --> 01:25:22,620
move these I these are great

1895
01:25:26,990 --> 01:25:25,080
but he was he did he didn't believe that

1896
01:25:29,870 --> 01:25:27,000
this could all be uniform

1897
01:25:32,870 --> 01:25:29,880
but he found out they were and so he's

1898
01:25:35,510 --> 01:25:32,880
yeah he's all on board and I appreciated

1899
01:25:38,330 --> 01:25:35,520
that I didn't think to even you know

1900
01:25:40,910 --> 01:25:38,340
measure the exact weight of each one of

1901
01:25:43,790 --> 01:25:40,920
these but it's it was exact

1902
01:25:45,950 --> 01:25:43,800
and that's the the neat thing about how

1903
01:25:48,410 --> 01:25:45,960
these are manufactured the computer

1904
01:25:51,470 --> 01:25:48,420
generates them it's a patent-pending

1905
01:25:54,649 --> 01:25:51,480
machine process and it is absolutely

1906
01:25:56,450 --> 01:25:54,659
awesome so yeah uh get people if people

1907
01:25:58,370 --> 01:25:56,460
are interested in ordering these don't

1908
01:26:01,370 --> 01:25:58,380
wait if you want to test the water

1909
01:26:03,470 --> 01:26:01,380
before you jump in fine get some we'll

1910
01:26:05,450 --> 01:26:03,480
ship them to your door

1911
01:26:08,090 --> 01:26:05,460
well actually you know box them and

1912
01:26:09,590 --> 01:26:08,100
insure them through probably UPS the

1913
01:26:12,169 --> 01:26:09,600
brown guys

1914
01:26:13,189 --> 01:26:12,179
but they will come out to your door and

1915
01:26:25,790 --> 01:26:13,199
the

1916
01:26:28,250 --> 01:26:25,800
on a credit card it has to be you know

1917
01:26:29,870 --> 01:26:28,260
they only takes Federal Reserve notes in

1918
01:26:31,669 --> 01:26:29,880
exchange and every time I do that I feel

1919
01:26:33,410 --> 01:26:31,679
like I'm ripping them off

1920
01:26:35,689 --> 01:26:33,420
so you're actually taking this filthy

1921
01:26:37,550 --> 01:26:35,699
money and give me these Chinese well

1922
01:26:39,770 --> 01:26:37,560
that's the only way we'll take them

1923
01:26:43,729 --> 01:26:39,780
so we have to work something out with

1924
01:26:44,629 --> 01:26:43,739
that people want them uh I would say

1925
01:26:46,370 --> 01:26:44,639
um

1926
01:26:47,810 --> 01:26:46,380
have to work something out where people

1927
01:26:48,830 --> 01:26:47,820
have this might be a little bit of a

1928
01:26:51,470 --> 01:26:48,840
trust

1929
01:26:54,350 --> 01:26:51,480
uh because we have to have the wire and

1930
01:26:57,229 --> 01:26:54,360
then we do have to certify it and then

1931
01:26:59,990 --> 01:26:57,239
as it clears into into the into the

1932
01:27:02,750 --> 01:27:00,000
currency we'll change it for the money

1933
01:27:04,729 --> 01:27:02,760
so there's not I've done a few people uh

1934
01:27:06,350 --> 01:27:04,739
that are substantial over a hundred

1935
01:27:07,729 --> 01:27:06,360
thousand dollars and

1936
01:27:09,950 --> 01:27:07,739
they didn't want to do it all at once

1937
01:27:12,430 --> 01:27:09,960
they did you know in ten thousand dollar

1938
01:27:15,470 --> 01:27:12,440
increments and they tried one you know

1939
01:27:16,610 --> 01:27:15,480
they trusted me and it it's just a you

1940
01:27:18,169 --> 01:27:16,620
know I don't know how else to do it

1941
01:27:19,970 --> 01:27:18,179
other than just

1942
01:27:21,830 --> 01:27:19,980
take an armored car to your door and

1943
01:27:23,810 --> 01:27:21,840
change it that way okay you see what I'm

1944
01:27:27,350 --> 01:27:23,820
saying

1945
01:27:30,410 --> 01:27:27,360
um we can make it happen absolutely

1946
01:27:32,390 --> 01:27:30,420
but it I mean once you have these like I

1947
01:27:36,169 --> 01:27:32,400
got people all the time now saying I

1948
01:27:38,149 --> 01:27:36,179
feel so I feel secure I feel safe with

1949
01:27:40,790 --> 01:27:38,159
these you know in my possession now

1950
01:27:43,610 --> 01:27:40,800
where I didn't feel that way uh two or

1951
01:27:46,610 --> 01:27:43,620
three months ago okay that sounds great

1952
01:27:48,350 --> 01:27:46,620
thank you Dr true and um I hope to talk

1953
01:27:50,030 --> 01:27:48,360
to you in person uh one of these days

1954
01:27:51,770 --> 01:27:50,040
soon we'll talk more about that later

1955
01:27:54,470 --> 01:27:51,780
but thanks so much for coming on the

1956
01:27:58,250 --> 01:27:54,480
podcast you bet my pleasure you're

1957
01:27:59,270 --> 01:27:58,260
always on top of this great stuff

1958
01:27:59,930 --> 01:27:59,280
um yeah

1959
01:28:03,050 --> 01:27:59,940
um

1960
01:28:05,689 --> 01:28:03,060
let's just do it they people in

1961
01:28:07,250 --> 01:28:05,699
is something that I guarantee you you'll

1962
01:28:09,250 --> 01:28:07,260
be happy with once you get them in your

1963
01:28:13,970 --> 01:28:09,260
possession okay

1964
01:28:17,930 --> 01:28:13,980
okay there we have it Dr true Ott from

1965
01:28:19,970 --> 01:28:17,940
Mother Earth minerals m e minerals.com

1966
01:28:23,090 --> 01:28:19,980
if you're looking for any of the best

1967
01:28:24,709 --> 01:28:23,100
supplements and if you are interested in

1968
01:28:27,910 --> 01:28:24,719
getting some of those gold backs please

1969
01:28:30,709 --> 01:28:27,920
reach out to me at heroparanormal

1970
01:28:32,810 --> 01:28:30,719
yahoo.com I will do my best to put you

1971
01:28:35,750 --> 01:28:32,820
in touch with him so you don't miss out

1972
01:28:36,950 --> 01:28:35,760
on any opportunities whatever you do get

1973
01:28:39,649 --> 01:28:36,960
a plan

1974
01:28:41,649 --> 01:28:39,659
bad things could be in the works and

1975
01:28:45,470 --> 01:28:41,659
also plan on checking out

1976
01:28:48,850 --> 01:28:45,480
heroparanormal.com or go to patreon

1977
01:28:52,070 --> 01:28:48,860
look for hero paranormal And subscribe

1978
01:28:54,890 --> 01:28:52,080
for five dollars a month the price of a

1979
01:28:56,870 --> 01:28:54,900
coffee a month you will not miss out on

1980
01:28:58,610 --> 01:28:56,880
any of the extra content behind the

1981
01:29:01,010 --> 01:28:58,620
paywall

1982
01:29:03,350 --> 01:29:01,020
keep your eyes to the skies feet on the

1983
01:29:05,030 --> 01:29:03,360
ground but don't forget to take a look

1984
01:29:07,669 --> 01:29:05,040
around

1985
01:29:10,270 --> 01:29:07,679
I

1986
01:29:10,280 --> 01:29:37,270
[Music]