In this episode of Radio Ranch, host Roger Sayles dives deep into the intricacies of the financial system, focusing on the nature of debt and the role of precious metals like gold and silver. The discussion begins with an exploration of how money is loaned into existence and the implications of interest, which is not initially part of the loaned amount. Roger explains the concept of monetizing collateral and how the banking system profits from interest that compounds over time. The conversation also touches on the manipulation of gold and silver prices through futures markets and the potential impact of new technologies on silver demand, such as its use in lithium batteries for electric vehicles.
Roger also addresses the historical context of financial systems, referencing the Weimar Republic and the importance of owning tangible assets like gold and silver. He highlights the precarious nature of the current financial system, suggesting that significant changes may be on the horizon, possibly involving a shift to a gold-backed currency.
The episode features insights into the manipulation of the monetary system, the role of the Bank of International Settlements, and the potential for a revaluation of gold. Roger provides practical advice on investing in precious metals, emphasizing the importance of due diligence and understanding market dynamics. The discussion is enriched by listener interactions, questions, and comments, making it a comprehensive exploration of financial literacy and preparedness.
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Unknown:
This Mirror Stream is brought to you in part by mymymyboost.com for support of the mitochondria like never before. A body trying to function with sluggish mitochondria is kinda like running an engine that's low on oil. It's not gonna work very well. It's also brought to you by Fatphix, p h a t p h I x, dot com. Visceral fat is weighing your body down. It's causing sluggish response of your organs, and it's gotta go. It's gotta go. It's gotta get rid of it. You just gotta. And, also, iTera Planet for the terahertz frequency wand by Preif International. That's iTeroplanet.com.
Thank you, and welcome to the program. Forward moving and focused on freedom. You're listening to the Global Voice Radio Network.
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Well, the world's changing without us, but we're certainly trying to add our part here. Put our shoulders to the wheel, if you will. Tuesday edition, Radio Ranch. Roger Sales, your host here. And it's the February 11, almost halfway through the short month. And, oh, that means the fourteenth is this week, Tuesday Wednesday, Thursday, Friday night. Three days this week. Sure. Get get your reservations in early because, otherwise, you won't be finding us a dinner table that's open.
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Dude, if you don't have them now, you ain't getting them.
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I'm sorry. Well, that very well may be true. Or the Democrats may have screwed up enough good relationships that the restaurant's empty. Who knows? Anyway, it's the February 11, the short month, and, we have a number of folks and organizations that help us boost our message, our listenership, and our reach. And and, two balls meaner is the one that big balls meaner, excuse me, is the one that, keeps the keeper of that, and so we're gonna let him do you bring the do you come out with a wheelbarrow in front of you or what there, Paul?
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Of course. But but luckily, Andy sent me a, sent me a YouTube short of a guy that, mounted a motorcycle engine on a wheelbarrow, and, I want one of them.
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Cool.
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Yeah. It just kick started and and,
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Oh, no. It's gotta be electric. No. It's gotta be electric. It's gotta be electric.
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No. No. No. Electric? We don't need no stinking electric. Anyways one. Alright. Alright. I am I am still getting rained on, but, luckily, the the the damage has been minimal. It's only cost me a keyboard so far, so cross fingers. Alright. Let's do this. We are on RadioSoapbox.com. We're we're on there for the first hour Tuesday through Friday. We're also on one zero six point nine WVOU FM in Chicago, Monday through Friday for the first hour. Our flagship station is EuroFolkRadio.com. Thanks to pastor Eli James, and we're on Global Voice Radio Network. Those links as well as the links to free conference calls so you can join us live on the show are on the matrixdocs.com.
The matrix, d 0 c s, Com.
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Mhmm. Also,
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the net family of broadcast services, through WDRN production sport, Collins, Colorado, brings us homenetwork.TV, freedom nation TV, go live TV, and stream life.tube, and they also brought us WBOU FM. So we appreciate them a great deal for that. Uh-huh.
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A full compliment today.
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Full compliment. Yep. We're literally everywhere.
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Well, say hello to our Brett friends. Hope there's some of them listening over there. We love you. Sorry you're going through all that stormers crap. Paul, evidently, there's a crisis in the country among, liberals who are seeking out psychiatrists to go and counsel with because they're just so stressed and upset about the things that are happening. Right? I mean, this is this is true. Really? From what's what I hear. That's funny. And it's done. So there was a cartoon that somebody put out, and one of them in in the psychiatrist's office.
You know? And they're over there on the couch, and the psychiatrist behind the desk. And the the caption is, so did big balls really touch you?
[00:05:44] Unknown:
What? Oh, it's just a joy to see that. A new name. I needed it. But, hey, if you're coming out with bad crap, I need a new name.
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I gave you one yesterday. What's the problem?
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Yeah. Well, sign in Three b. No. No. No. No. I'm with three b. Okay. Maybe three b, but but no. Big ball's touching people.
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Pretty soon, we're gonna have the new guy, Paul, from Louisville. And and and Paul English is gonna be here, and you're gonna be here, and and maybe another Paul show up. Hell, it's such a common name around here. You never know. We gotta have some way to designate you a different without using, you know, your full name and stuff. Anyway, that's what it is. It's if maybe it'll stick. We'll we'll see. So good morning, everybody.
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Maybe not. Maybe. Maybe. We'll see. Maybe I'll think of something new something different.
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You'll think of something more clever.
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We have done Baldrige, and we've done Baldrige. Baldridge
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is good.
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Maybe we just have to go back to that. Well, how about big Baldrige? Roger. I don't know. I think I think we're getting into a creepy area here, right? Would you think we're off in the weeds here? Yeah, Larry. It comes right back to the road. We're so far off in the weeds, we can't even see the road.
[00:07:07] Unknown:
Yeah. If you wanna consider him the second Paul, maybe a good nickname would be BB.
[00:07:14] Unknown:
I wouldn't I would hate to to curse Paul with that name. Any anything that is similar to that piece of garbage that's over there running, Satan sandbox for way too long. I mean, he's been over there in and out pretty much, but on mostly for about twenty years. And, the world's pretty well sick of him. So, anyway but alright. Good suggestion, Larry. We'll entertain it. Right. Now yesterday No. Yes. Uh-huh.
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No. Yeah. The only thing I want from BB is this bank account. That's it. Well, there was That's all. There was BB Rebozo,
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so he could be Well, right.
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He was Nixon's big buddy. Yeah. Bebe Rebozo was, Nixon's big buddy, if I remember correctly.
[00:08:05] Unknown:
There's Yes. And there was Rocky Balboa too.
[00:08:10] Unknown:
Yeah. He was, he was, Sylvester Stallone's big buddy, wasn't he?
[00:08:15] Unknown:
Yeah. RB. I'd be an RB before I'd be a BB.
[00:08:20] Unknown:
Okay. Well, anyway, we'll call him something and more more than likely he's gonna answer. So because we pay him the big bucks to do that sort of thing. Yesterday at the end of the show, Jesse, Garcia, I believe, out in New Mexico was asking about gold and silver, and, I think the show was over. And I gave him a little example of my personal holdings, and I think that got his attention. Jesse, are you with us this morning? Well, now see, he's not even with us or maybe he hadn't been able to hit his mute yet. Regardless, that's a pretty topical subject, and, the tea leaves are shaping up to something real, serious happening. They're gonna I'm here.
Okay. There you are, Jesse. Okay, man. Good good you're there. I'm gonna cover this again, but I gave you an example yesterday of, you know, this is just another one of their illusions. This paper stuff that we call money, there's another one of these equivocation situations, is not money. It's debt. It's all it's only monetized. That's the Federal Reserve word from one of their booklets. Money is only monetized, or it only becomes money, if you will, when someone takes out a loan. Okay? All currency is loaned into circulation.
Coins are spent into circulation with no interest.
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Mhmm.
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So all of the circulating currency, whether it's a digit in your bank account or an actual bill in your pocket, has been loaned into circulation. Now with that action, of course, comes collateralization and compound interest. So whenever there's a loan, and you can correct me if I'm wrong here, Jesse, but every time a banker makes a loan, there's interest compound on one side and collateralized on the other. K? Now then there's credit cards. Credit cards are very interesting. And when you we've, discussed this before. I don't know that they've come into the picture, but that's unsecured credit. In other words, you can get out of it. Okay? There's nothing really pledged against whatever you run up and don't pay on that credit card. But just remember that every time you use it, you're creating money also.
K? Except the interest is 26% APR if you don't pay it off in the first month. And, it can get pretty heavy on the interest side. So that's another interesting aspect. Are you all of us using making money when we use our credit cards because that currency you just purchased was not in existence before you purchased the item. Excuse me. My stomach is gonna pick up here. Yes, sir. Paul, please.
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Do you know what actually takes longer to pay off than a home mortgage?
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Well, it could be a credit card with some of these people.
[00:11:27] Unknown:
Absolutely. It's credit card debt. If you charge a thousand dollars on a credit card and you make the minimum payment, it will take thirty one years to pay that off.
[00:11:38] Unknown:
Right. Well and, we hit we hit this is about, I don't know, a year ago maybe. We hit a trillion dollars in credit card owing for the first time. So there's a there's a balance of over a a trillion dollars outstanding in people's credit cards. And, they charge, 26 to, I think, 28, percent APR. Now that's usury. That's big usury right there. And, they, of what they take in, because I heard the guy that ran Mastercard, I think, interviewed, and they asked him how much of that is profit. 50%. K? They said that's what they said. Anyway, but that's another aspect of it. So you got this funny money floating around, Jesse, that has to be loaned into circulation.
It's if you look at the top of a bill, of course, it says Federal Reserve note, and, that's a private bank note. And the word note, whenever it's used in any legal situation, is always a promissory note. So on the front of the bill at the top, Federal Reserve note where it says that, there's a promise to pay. And then there's another thing says this bill is legal tender for all debts private and public. Well, that's how they get you to use it because what that means is it's usable for paying of taxes where all of the states, constitutions say that only gold and silver will be eligible for payment of taxes.
That's what Tupper Saucy wrote his book, Miracle on Main Street about. K? They got him in so much trouble with these bastards so many years ago. So, anyway, all money is loaned into circulation. Coins are spent into circulation. So the problem they've got, if all the outstanding loans were ever paid off, there'd be no currency circulating because there's more of a debt in the open let's just call it the open monetary system of the circulating currency worldwide, I guess. There's more of that circulating than, that that can't be paid off the debt because of this compound interest that is attached to the money and the when it's monetized.
God, it's a that's a hard one to get around to because they've got us all totally conditioned to call that stuff money, and it's not. It's debt. Okay? So when they put that debt out there in circulation, that compound interest be at 28% or whatever you agreed to on a reasonable loan, that is where they make money out of thin air. They don't make money out of thin air loaning it into circulation compound interest there where that continues to compound on itself, where the debt becomes unpayable. Because that money that's compounding on itself was never loaned into existence.
There's the snag right there. Okay? So, that's the way it is. Now, Jesse, they don't want us going to gold and silver or Bitcoin or anything else that's real because it doesn't fit into this little paradigm of theirs with this compound interest attached. You know, the saying when you bring up gold years ago on Wall Street, they go, well, gold doesn't pay any interest. That's true. Well, maybe not. There's one instance that I learned of last night that this current, but we'll go into this. They say gold doesn't pay any interest. Okay. Well, that's okay. You know, I've held some for about twenty years. And, since the turn of the century, gold has been the highest performing asset in the world, period.
Over twenty years. Okay? So I don't have to have interest paid to me when I've got something that's real that is gaining in value as opposed to the paper that's losing value. Okay? So the way they control this, Jesse, in audience, we've covered this before, but it's very topical information. The way they control this is the way they control everything else that's in the futures market. See, you look what we normally do around here normally, talking about your freedom and stuff. Well, all they're doing to support this whole bogus worldwide financial system is they're taking your future labor and and and running out, taking the birth certificate, attaching you as collateral to the birth certificate, and they're just making a loan to somebody out there on the world, whether it's one of themselves or some big insurance, company or some big investor or whatever.
They're just just kind of a little different, but they're still using the futures market. K. So this is how they've controlled gold and silver for all these years is using the futures market. They love the futures market. If you control the future, I guess you control the present, don't you? Three b? Yeah. I'll answer for him. Yeah. Yeah.
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I
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I So in the in the twenty four hour scheme, there's a the the Rothchilds were the first that that perfected this, I don't know when, long time ago, called arbitrage. And and what they do, I don't know how they did it before we had all this modern communications, but as the clock rolled around the the the world, you know, they would take an, a time zone, and they'd move their funds to the next time zone. And they get interest on every one of these time zones. They're playing arbitrage. Okay? Sorry for the jet passing over. But that is basically what they're doing here. K?
And so what they do is they find a thirty there's a thirty minute lull time when there's no metals markets open in the world. And that's after the Western or US markets close and before the oriental markets open. There's a thirty minute dead time in there. And what they will do is they come conger up conjure up what's called naked shorts. Jesse, do you know what you know what shorting the market means?
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No.
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Okay. Well, on the stock market, you can go long or go short. In other words, I can bet that this stock's gonna rise in the future, or I can place a bet called a put, or I can bet that the market's gonna go down. And so I can play either side of that up or down. Okay? But in order to legitimately do a what's called a short, this goes back to the big the big movie from 02/2008, The Big Short. K? If it's a short or you're betting that the market's gonna go down, by the rules, you're supposed to have the stock in your hand. So you gotta go find somebody with the stock you wanna short and get that certificate from them, and then you holding the certificate can legitimately short to market. But these guys, because they control all these systems, well, they don't do that. They just conjure up all these shorts to the tune of, well, let's just say silver.
They make might take I forgot how much is mined in a year in the world on silver, which, whatever it is, they'll take half of that. Let's say there's 3,000 tons mined in a year of silver. There's a lot more than that, but let's just use that for our example here. Well, if there's three tons mined annually, they'll take a ton and a half. And in that thirty minutes there between markets, they'll dump all that in a short that they do not have the stock for. Okay? But regardless, they dump it in the market, and because the markets are closed, there's no buyers. And so when the markets open in China, all these shorts control the market price and it drives the price silver down.
There's nobody to buy it and buy it back up. Okay? And that's how they knock it down, and you'll see it if you follow it and follow Kitco and follow these charts and stuff. You'll see it regularly happen at about the same time, but that's how they've been suppressing the price of gold and silver. Okay? Both. And probably others too. It's just a technique they use, and what we've come to understand is once they find something that works, they just use it over and over and over again because it's always worked. So they're kind of relegated to their own success, if you will. And should something change and they've got to go back and do that again, they go back and do it the same way, but it not might not work the same way it did before.
Kinda like president Trump getting elected here a couple of months ago. Kinda same thing. K? So here's the difference between gold and silver. It's very important to understand these things. The average ratio of mined metals per year is about a ratio of 15 to one. In other words, they're they're mining 15 times more silver than they are of gold, even though silver is a much smaller market. Okay? And silver has an aspect to it that gold doesn't have, which is because it's comparatively so so cheap. You know, silver is about $30. Gold is about 3,000. Well, if you're using the reason they use silver or gold is because they're wonderful electrical conductors. But they're not gonna go out and pay $3,000 for, an ounce of gold when they can get an ounce of silver for 30. And silver may be a little bit better conductor. Don't know for sure. But anyway, that's what his main applications are not for you to hold in your drawer. The main applications are for manufacturing and things like, weapons.
There's 33 kilos, kilos, I believe, of silver in every cruise missile. You know, Jesse, you see him firing all these missiles and stuff. Every time one of those goes off, a number of kilos of silver becomes irretrievable. It's used in the aerospace industry. It's used in all kinds, obviously, electrical stuff. You're everything we're talking on and you're listening on right now has got silver in it as a conductor. They've recently, started using it not recently. They've been using it for all the solar panels. All the solar panels in the world are based on silver. If you go into this green stuff where we're going into green energy, solar is a a component of it. So it's used there. Now the big deal was here in the last year, I believe it's Samsung has perfected a new use of silver in the lithium batteries.
I haven't heard anybody but Kirk Elliott talking about this, and it's amazing to me. This is one of those little tidbits that gives you big vision. Okay? Now what they've done, Jesse, if you've got an electric car out there, it's got some real limitations. They don't tell you about them necessarily, but people that buy them find out real quick that they can only go 400 miles without recharging. Sometimes that recharging can take twelve plus hours. Okay? They don't work in cold weather at all. And they're and and like I said, they're very difficult to recharge because it takes a long time with most of them. Okay. So Samsung has come out with this new lithium battery technology where they add silver into the components somehow to the tune of a car battery. It's a kilo per car battery.
That's 2.2 pounds. Okay? So 2.2 pounds go into this new silver battery. We'll start probably start seeing them show up within, by maybe a year or two now. I just announced it a few months back. So here's the differences. Instead of 400 miles, your car will go 600 miles. So you get 50% more distance out of it. It works in the winter. K? Yet the silver that's in the battery is somewhat retrievable. I don't know to what percentage, but it can be retrieved, which is even better. The batteries, instead of lasting four years, last twenty years. And those batteries for those electric cars are really expensive, folks. K?
So they last twenty years instead of four years. It can be used in the winter. And this is the big part of it, Jesse. They recharge in nine minutes. So here's a technology that's coming along. Nobody's talking about it. You know, Kirk Elliott talked about it. I already mentioned that he goes in and checks out all these technical areas other than the metals markets. And he found this story in a technical journal on cars. Okay? So, the difference that's a game changer right there. But I believe they said if current production, numbers worked, that for the amount of cars that are being manufactured that are electric cars, for them to put a kilo of silver in every car battery would take up 67% of the world's annual production of silver.
K. I just painted you a picture. I showed you all these shortages, all these places it's used, all this kind of stuff. And if that technology were put into effect today, 67% of the world's silver is gone. Was that you, Larry?
[00:26:10] Unknown:
No. This is Sheldon. I just ran your numbers. For each missile, if we paid $30 per, ounce, each missile evaporates $31,680 of silver.
[00:26:25] Unknown:
Oh, yeah. K. And and so but what these big companies do that depend on this as a manufacturing component is they buy silver in the four in the free futures market. Well, they want us to look ahead and see what production is gonna be in six months or a year, and they reach out and grab huge futures numbers. I hell, we're gonna buy this many tons of silver at this price right now for six months from now. So we'll be sure and have the components we need to manufacture. So all of the big users are on that formula right there. So here's the big problem they've got. If silver spikes, if they allow silver to spike from, well, let's say it goes from 30 to 60 overnight, then the futures prices are gonna go berserkle because now all the consumers are trying to buy what little is out there. Okay?
And they've got to have these big amounts of silver for these manufacturing outfits. So silver leads gold. Okay? It's always when it spikes, silver will probably spike first. It's a smaller market than the gold market. And so that's why they emphasize control on silver. Okay? Because it because it leads gold. It's a precursor to all this economic activity going south and to try and do something where they can keep it down where it doesn't send an alert through all these manufacturing outfits where they go, we gotta buy as much as we can lay our hands on, and now the price from them and their activity skyrockets. Okay?
So it's a really precarious little situation with silver. It's in this total void somewhere, and it's still relatively cheap. You know, silver was called poor man's gold. And and we had the advantage of having a you live in New Mexico down in Carlsbad there, Jesse. But up north of you in Nevada, by the Sierra Madres, I guess, whatever mountain range is there between them and California. Back in the eighteen hundreds, they found the largest load of silver ever discovered in the world, and that's called the Comstock load. And that's why we were on for the late eighteen hundreds, and we had all this silver for all this coinage up to the nineteen hundreds, was the was the Comstock load.
K? So, that's it hadn't totally petered out. They're starting to go in and find out how to get silver they couldn't extract later. It's a kind of an unusual silver because it's like mud. It's not like getting a vein of silver or vein of gold. It's in this mud somehow. They gotta go through, some sort of a process to extract it. But that's the reason we were so rich in silver for, for a long time with this Comstock load. Okay? And, that's why you want gold and silver as if you wanna use metals as a as a basis for your currency. You wanna buy metallic. You want gold and silver. Silver is called poor man's gold. And and and we mentioned it the other day, the the famous speech of, Brian, William William Jennings. Brian was running for president back around the nineteen hundreds, and his his fame is one of the lawyers in the Scopes monkey trial, by the way. And, William Jennings Bryan had that famous speech, do not crucify me on this cross of gold. What's he saying? We don't want a one metal standard because then they can control that one metal, and then we're screwed again. Okay? We want this bimetallic standard of silver and gold. They've tried to take silver out of, circulation back.
The go look up if you wanna read about this, you can go back to look up the crime of '73. Have you ever heard of that, Paul? We've talked about it on here before. The crime of '73.
[00:30:25] Unknown:
No. No. I never heard of it.
[00:30:28] Unknown:
Well, they were trying to just get us on a gold standard. That's $18.73, by the way. And what they did was they passed a piece of legislation. And between when the legislation was passed and when it was put in statute book, they changed one word, and it took silver off the market. K? Crime of '73. You can go read about it. Now the information that I heard Kirk Elliott go over last night is extremely important. One of the main holders of gold in the world is the London Bullion Market Exchange. They are now sending gold. All the free gold that was on deposit there has been sent to New York or is in the process of it right now.
To the point that the London Bullion Market Exchange got a hold of customers, and Kirk Elliott sat on a conference call with the with these people Monday on this. And he's telling us yesterday, you know, with Alex. They went back to people that had gold in storage at the LBMA, Paul. That Yeah. It's their goal, but the LBMA is holding it for them. And they said if you'll loan us this gold, we'll pay you 16% interest per month on
[00:31:56] Unknown:
it. Hey, Roger. Before you get too far past that crime of '73, can I ask a question?
[00:32:03] Unknown:
Well, I guess so, Dave.
[00:32:06] Unknown:
So 1873. So didn't Nixon do something in 1973,
[00:32:12] Unknown:
a hundred years later with our Well, he closed the goal. He closed the goal he closed the goal window, but it didn't have anything to do with that. That was April fifteenth of nineteen seventy. Coincidental, though, a hundred years to the day almost. Well, it could be. Could be. So that which just goes to show you they've been screwing with the monetary system ever since we founded the damn country, trying to get their greedy ass hands on it. Right. Okay? So, anyway, the important thing is what I just said there a minute ago. Remember the old thing? Our gold doesn't pay interest.
Gold's paying interest now, at least at the London Bullion Market Exchange. If you're a private holder of gold you've got in there, if you will loan that gold to them so it can be shipped to New York, because that's where it's all going, evidently, They'll pay you 16% per month. Sixteen percent per month? Something's going on. Something's going on.
[00:33:18] Unknown:
Okay? And the speculation 16% per month in fiat dollars?
[00:33:25] Unknown:
Yes. Yes.
[00:33:26] Unknown:
Yeah. Yes. Okay.
[00:33:28] Unknown:
But Gold's never paid interest before. Now, it's paying 16%. I'm trying trying the point I'm trying to get across to you here is something's going on. Okay? And the speculation that they were talking about was that Trump is gonna revise our monetary supply and possibly back part of it by gold. That's speculation. But why else would they be doing this? Why else would they be taking all the the gold that they possess at the LBMA, shipping it to New York, and offering people that are storing their gold 16% interest per month if they'll let them loan that to them and send it to New York? Well, what's go why is all this gold going to New York?
Something's going on. K?
[00:34:28] Unknown:
I think that's the that's gonna be the repository for the aliens to come get it.
[00:34:34] Unknown:
Because they didn't get it. Which aliens? Yeah. Space aliens are from Guatemala.
[00:34:41] Unknown:
No. Space aliens. Because they need gold to be able to breathe on their home planet.
[00:34:46] Unknown:
Yeah. White hats are talking about this planet. Okay. Alright. Well, let me reel him back in here, and we'll try and get back to reality.
[00:34:55] Unknown:
But they have to be holding the the gold.
[00:34:59] Unknown:
Pardon me, Jesse? The
[00:35:01] Unknown:
the banks have to be holding the gold so they could be loaned out to the banks?
[00:35:09] Unknown:
They don't no. No. They usually gold banks hate gold until a couple of years ago, and I can go into the basal three cords and all that if you've missed that on the show previously. We've talked about it. But, there's something very unusual. This is very unusual activity. Okay? On several fronts. So that's what they're doing. I'm just telling you there's something coming. Okay? And so, what, what they did here a number of years ago, Jesse, there's a Jesse, do you know what the BIS is? Bank of International Settlements? Okay. Well, it's something that was founded in the thirties. It's called the Bankers Bank.
It it its customers are all the central banks in the world with the exception of a couple. They control all the futures markets, all the commodity markets, all the stock markets. All of those are also under their control all over the whole globe. It's the it's the head bunch for the world economic culture and and structure. Okay? And so banks have three tiers of assets, tier one, tier two, and tier three. On the differences are that a tier one asset, cash, bonds, stocks, etcetera, are highly, highly liquid. And so they will take whatever you've got that qualifies as a tier one asset, and they'll value it, And they'll allow you to take that value from the group and extend it over to your balance sheet where the bank shows that much in assets.
%. You got a thousand dollars in there, they carry over a thousand dollars to your balance sheet. K? The second tier of assets are a little less liquid, and they would allow you to carry fifth 75% of their face value over to the balance sheet. The third tier three asset is a 50% carryover. So whatever is in that tier that qualifies gets 50% of its value carried over to the balance sheet. Since '19 the the BIS was founded in the thirties. McFadden has a whole speech on it in that collective speeches of William t McFadden. He's got a whole speech on the founding of the BIS. K? You wanna go read the background from a banker's point of view.
But what they did in, I think it was twenty fourteen, fifteen, somewhere around in there, is they had a get together called the BASIL. That's where this BIS is, Basel, Switzerland. It also, by the way, is on its own sovereign territory. Swiss police can't go in there. They can't serve papers on anybody in there. They've got their own passports. They're their own country. Basel, Switzerland. Bank Of International Settlements. And so, what they did in this Basel Three Accord was they moved gold, which had been a type three asset, tier three. So if you had a million dollars worth of gold, you could only carry a half a million over to your balance sheet and value.
Well, they changed that and moved gold for the very first time since the founding of the Bank of International Settlements. There's another one of those. I'm telling you. There's something going on here. Okay? And they moved gold from a tier three asset, a 50% carryover, to a tier one asset where the banks could carry a % of gold over. And for the last ten years, banks have been buying gold handover fist. They're still doing it. Okay? And that with this other information about the London Bullion Market Exchange, folks, there's something happening. Now they had an interview with a fellow. He was a Dutch guy back in the nineties who had been the head of the Bank of International Settlements.
And he had retired, and he was talking about this. And he was saying that they're gonna do it. They're gonna change gold to a tier one asset, and then banks are gonna acquire it. That's one another reason they're suppressing the price in this futures thing. In that thirty minute window, they suppress silver. And when they suppress silver, it automatically works with gold too and suppresses it. They don't want you wanting this stuff because there's only a limited amount of it, and it's real. Okay? It's not paper fiat currency that's issued by because you're the collateral for it in your taxes.
So that's going on. This ex president said yes. At some day, when this goes upside down, because they know this paper deal is destined to fail. Okay? And the way it's failing right now. Okay? And they said, then banks can go ahead and raise they can lose all the paper losses they're gonna lose on all the bogus paper. And now they've got all this gold sitting there that they're gonna revalue at some real high price. And that high price, when it's revalued, will make up for the losses on the paper that the bank went bankruptcy. K?
So this is another element that's coming. Don't know when, but it ain't far. I don't believe now. So what's gonna happen in essence is they're probably gonna close the banks for a couple of days like they did in '33. And, when they reopen the price of gold, well, there's no telling what it can be. You know, I'm I I mentioned yesterday, Wayne was on here talking about Andy Scheckman. Thank you for sending me that, by the way, Wayne. About Andy Scheckman and all these these the the different projections. Well, I heard Jim Sinclair, who was a knew where all the skeletons were buried. K. He's dead now.
I heard used to be one of them converted after they tried to kill him. They killed his wife, but he wasn't on the plane. Okay? And so he turned and his the the the the real metric on the price of gold, what it should be, is to take all the paper currency that's out there, whatever value that is, and come back to how much gold is is available or in the world and give a ratio between those two. There's there's all these mountains of paper, but there's only this little little hill of gold. Well, what's the price gonna be? Well, I can tell you what Shekman said. Not Shekman, Sinclair.
He said, we don't have any idea how much paper's out there, but my estimate is if it was accurately counted and compared on this comparison, the gold would be about a 85,000 amounts. That's Jim Sinclair. That's not me. I'm just repeating what he said publicly. K? So right now, it's 3,000. So, Jesse, would you like to put 3,000 in and get a hundred and 85,000 back? Yes. I'm assume. I'm assuming that you would. Well, it depends on where you wanna buy it. But all you gotta do is is go find some people that have you know, right now, silver silver may be the best of the two. I heard, Pete, Elliot say yesterday, since Trump's got in and all this has happened and that the ratio has gone up to about 90 to one.
You know, I said there's traditionally, the ratio is 15 to one. 15 ounces of silver for every one ounce of gold that's brought out of the ground. Well, now the prices are so skewed that that ratio is 90 to one. It takes 90 ounces of silver to buy one ounce of gold. Okay? So what some people do is they buy silver, and this is what Pete, Elliot's doing. Kirk Elliot, he's one of the best in the country. He's the biggest silver dealer in the country evidently. He buys silver for you at base metal price. In other words, whatever the spot is, and they charge 8%, and they only charge 8% on the buy.
When you go back, if you need to sell it, you can go back to them and sell it, and they don't charge you any commission like most dealers would. Now, you can take that silver you purchased from Kirk. I'm just using this as an example. I use a number of good dealers out there. But he does this as part of their program is to play this ratio, that 90 to one. And so because that shows you that silver is very undervalued and that gold is is the benefactor of that. So what's gonna happen is all these forces on silver start to come into play is that ratio is gonna go down because the price of silver is gonna go up. Okay? So what he has is a system where you can buy silver on that ratio plan and then and they'll advise you on this from what I've heard him say. And then as that ratio goes down to, like, 40 to one, then that means your silver has become very overvalued.
And what you do is you sell the silver at that price, and you go over and buy gold. And you'll get more gold that way than you would have if you'd have bought gold when it was 90 to one on a ratio. Okay? And they keep it in the Texas bullion depository. And you can even get a credit card or debit card tied to that. Okay? So that's p Kirk Elliott, k e p m. Kirk Elliott precious metals dot com, and you can get a hold of them that way. Miles Franklin is another very reputable. Andy Schechtman is the guy that's been running that. Started it with his father when he's a teenager. Very, very successful.
You Miles Franklin is the name of that company. There's another one called Noble Gold out there. There's a lot of people that sell, metals, but you just wanna get into one that knows what they're doing. It's not gonna try and sell you what's called numismatic gold or silver, which are collectibles, because you'll probably never get your money back out of that. Okay? But, there's a couple of places you can go, Jesse, and ask the people there. They'll bend over backwards to help you. Okay? And, like I said, I know Kirk because he's on Alex quite a bit. He's a sponsor of Alex. He charges 8% on the front end, which is not unusual or out of line at all. They do all this stuff for you. And should you need to sell it back at some point, they'll buy it back with no commission.
Okay? So, that's in a nutshell a little bit about precious metals in the markets and where we are. And, it's very close to something happening. You know? We know our enemies, they they can't do much against Trump, can they? Three b, they don't seem to be too much having too much, to do about Trump except go in and find a crooked judge who write some sort of an order trying to halt all this. Never reference any law or any facts really that are that are appropriate. So there that's about the only thing they've got left. He's doing everything strictly constitutional. He's going in and slit in their juggler vein at every every turn, and they can't do anything about it as evidenced by the fact he's been in office twenty two days today.
Have you heard these guys squeaking very much? I mean, you hear some comments. You don't hear them yelling and squalling, do you? No. They just sit back there like they're in Blitzkrieg shock land.
[00:47:48] Unknown:
Oh, no. They're
[00:47:49] Unknown:
the the gems are freaking out about The US That's what I'm saying. Thing. Of course. And that's only 1%. That's only 1% of the whole budget is USAID. He's got the Pentagon to go through. He's been losing trillions for years. He's got ATF and all these other stupid a Department of Education. He and there's no telling how much those agencies have been flipping out. You know, I was listening, this morning to Harrison as I'm prone to do, and he was talking to this editor from Central Florida Magazine. He's got a lot of very damning information. Do you know, Paul, how many g what, gov nongovernment organizations, NGOs?
Do you know how many NGOs the Pritzker's own? Take a wild guess. No clue.
[00:48:38] Unknown:
No clue. 65.
[00:48:42] Unknown:
The
[00:48:45] Unknown:
Pritzker
[00:48:48] Unknown:
family
[00:48:55] Unknown:
alone owns. And it's his brother who's one of these screaming, trannies that's per that's pumping that system all over the world. Pritzker's brother, the governor of Illinois. Okay. So So Robert you've got extra hold on. If you've got extra Federal Reserve notes laying around and you'd like to see something in the future, man, get get into something solid. You know, I was telling back I heard years ago, I think, from Mike Malloy back in the Weimar Republic in the twenties with the inflation of the, Deutsche Mark that the embassy when you're when you live in a foreign country, the embassy wants you to register with them. So in case they need to get you information that's pertinent, they can get it to you.
I've never done that since I've been gone, but that's what a lot of people do. And back in the Weimar Republic, the German embassy, as they were going into hyperinflation, sent out a telegram to all the Americans. It said, two words, buy things. Buy things. Well, in this case, you can go get some apples or something that might rot or you can go get some gold and a silver. Let me tell you another story I heard. Was a guy, you know, Germany's got all those real good international spas, Baden Baden and all that stuff where the wealthy go. Yeah. I guess even the non wealthy occasionally.
Anyway, it was in that period of time, the twenties, probably early on in that sequence, and a guy was a, a bellhop there at the, one of the spas and he had a regular customer, very wealthy, and they tipped him a gold coin. And so he went home and put it in his drawer and forgot about it. And then the hyperinflation came and he got found the gold coin. He went back and bought the damn hotel with the gold coin. Okay? So that's the kind of upside you're looking at here. And with this one, because it's the biggest debt that's ever been accumulated in the history of the planet, when they go to unwind this, folks, the prices of anything that's solid is gonna be through the roof.
Just like Jim Sinclair said, a hundred and $85,000 for an ounce of gold. That's his speculation. May not be that high, but anywhere approaching that. You know? So, anyway, Jesse, that that all really is for you and the rest of the audience if you don't know much about this stuff. It's very important. And, you've got a little inside knowledge now, and some insight that, well, not a lot of people have percentage wise in the country or the world. And, you you would do yourself very well if you could go by. And right now, it's probably still silvers to play. Because here's one another reason. 30 what what's silver? $30.30 bucks an ounce, basically?
Okay. Well, it only takes $30 for silver to double. 30 to 60, but it takes 3,000 for gold to double. Yep. K. So silver is probably the play. I would suggest that you get as small if you can find it, you get a small, a coin or whatever component they've got, the smallest you can get. You you you wanna try and stay away from hundred ounce bars and the thousand ounce bars and all that because should you have to use it, nobody's gonna change for you. So you want the smallest. And I would say really that the best if you can find any of them, and I'd be shocked if you can, but there may be some of what they call junk silver.
Because in our coinage, dimes and quarters, or is it quarters? No. It's dimes, quarters, and a half pre 64 and before 1964 and before, those were 90% silver. And they used to they call it junk silver. Mhmm. And, some of it's worn and whatnot. You buy a half bag or a bag on the amount of silver that's in there. And, used to you didn't even have to pay a premium on it. Now you do because it's very scarce. But that is real silver in our money, And people may be a little bit more inclined to take that than, quarter of a silver round or something they can't really verify. So that's another play, junk silver, whatever it is, dime. Comment.
Yeah. Just a second. Or small amounts. Because if you're gonna use it to have to trade or to barter, you wanna be able to use something small where there isn't change required, or if there is, the change can work in there somehow and be recognized. Yes, sir. Who's the comment there?
[00:54:08] Unknown:
Hey, Roger. Tom. I was listening to, hey, buddy. How are you?
[00:54:14] Unknown:
Alright.
[00:54:16] Unknown:
Yeah. I was listening to, what was it? Liberty, what you call it? The you mentioned their name. I'm trying to remember who they were.
[00:54:25] Unknown:
Miles Franklin? No.
[00:54:27] Unknown:
The other you know, the the father with the two sons,
[00:54:33] Unknown:
that was I think Shekman was only one son, so I don't know. I I don't know if I mentioned that or not. Noble Gold, that one's the only three I mentioned.
[00:54:43] Unknown:
Liberty and Finance.
[00:54:46] Unknown:
Yeah. Liberty and finance. Who's that, Wayne? Think of the yeah. Wayne, who's that? You mentioned them.
[00:54:52] Unknown:
Halter? Excuse me?
[00:54:55] Unknown:
Who is No. This guy,
[00:54:58] Unknown:
I think his name is Donegan, and he does
[00:55:01] Unknown:
a a podcast at home. Yeah. Yeah. Yeah. Yeah. Oh, yeah. Yeah. Yeah. Yeah. Yeah. Shetman's always on with him. Yeah. You mentioned them. Well, they're You mentioned them. I'm sure there was I was listening to their I was listening to their show last night, and, they're saying that, junk is still got the the the smallest premium that they've, had in a long, long time.
[00:55:21] Unknown:
So if you're interested in, the So they've got some But they've got some Liberty and Finance? They said, like, Yeah. For the audience a dollar 65
[00:55:32] Unknown:
dollar 60 5.
[00:55:33] Unknown:
Alright. Hold on. Who's the who's the done again at Liber at what's the name of this company? Liberty and Finance?
[00:55:43] Unknown:
I'm trying to find it.
[00:55:46] Unknown:
Wayne, you're asking me.
[00:55:48] Unknown:
Okay. Liberty and finance dot
[00:55:50] Unknown:
okay. I just go to YouTube and and plug in Liberty and Finance.
[00:55:55] Unknown:
Okay. Thank you, Wayne. Oh, yeah. That's good. Yeah. That's good. He's always in a new interview. Okay? But, if they've if they're saying they've got junk silver, I'd contact them and see if you can get some of it. Yeah. Uh-huh. That's a good play. And then
[00:56:14] Unknown:
yeah. And something else is going on. I don't know anybody here is into crypto, but there's a company called Ripple. Oh, yeah.
[00:56:26] Unknown:
Yeah. And Ripple That's gonna be the dollar replacement coin.
[00:56:33] Unknown:
Well, I think it's it's going to replace Swift. So that's why I don't think they're worried about, you know, the bricks so much is because this XRP, this XRP coin, which which in my mind is still just like a Federal Reserve note. It's still Right. You know, okay. Here's your here's your, here's your XRP, you know, and put them in your hand. And what am I gonna do with them? Eat them? Well, well, even the banks the even the banks are are are operating with them. K? The banks are operating with them. 8080% of the Japanese banks are using XRP now.
And I think they were waiting for today to for the Fed to say whether they're going to raise rates or to operate or whatever crap they do. They could have. And, well, the whole Yeah. This is something I forgot to mention when I was talking. You just
[00:57:27] Unknown:
spurned me because Trump met with the Japanese prime prime minister after the other day. K. Well, the the whole economic basis of the world's mostly of the world's financial system works off of what's called the Japanese carry trade. Do you know what the carry trade is, Tom? I've heard of it, but I don't I can't find it. Well, it's been going on for a long time. If you remember about three decades ago, Japan had what was called the lost decade when their when their stock market crashed, and that Yen has never really recovered. And so what they did was they got they got to the point where they were loaning out Yen at zero interest.
Zero interest. So if you were one of the synagogue buddies, you could go over and borrow millions of dollars in Japanese yen, and you come back and buy euro or US bonds at four and a half percent, and you got a free four and a half percent on however much you bought. That's the basis of a lot of the world's financial system is this Japanese carry trade, they call it. Okay? Yeah. I know. Because Japan hold on. Let me get it. Constantly
[00:58:50] Unknown:
okay.
[00:58:51] Unknown:
Yeah. They're now having to raise their interest rates. It won't be zero, and it's gonna turn the whole basis of the financial system upside down because it's gonna ruin the Japanese carry trade. There's Chicago. We got a bid to do to them. I hope some of you Chicagoans got something out of that. Paul, tell them bye bye. Would you do three b?
[00:59:17] Unknown:
We'll do +1 0690 and radiosoapbox.com. Thank you for joining us for the first hour. Follow us into this second. By all means, go to the matrixdocs.com, The matrix docs Com. And follow us into the second hour either on Eurofolk Radio, Global Voice Radio Network, or join us live using free conference call. Thank you so much.
[00:59:47] Unknown:
There you go. Wanna protect your purchasing power. You better turn over and listen. So, anyway, Tom, that Tom, that's another aspect of all this. This is this picture here is this Japanese current carry trade that's so damned important for so long, and it's about to go bye bye. Yes. Three b. What you got?
[01:00:09] Unknown:
You can also get one and two ounce silver bars that are prescored, and their their purity is stamped right on each one of the little squares. You can get, like, one ounce bars that break into 10 pieces, two ounce bars that break into 20. You can get them, but the premium is, like, crazy because of what they've got to do
[01:00:34] Unknown:
to prepare it. You're gonna pay a you're gonna pay a lot more for your silver that way, but if that blows your dress up, go get some.
[01:00:43] Unknown:
This is your decision. Yeah. The, if they were selling these little little they were selling these little bars of of gold where you could break them off into little, like, one tenth. And the premium was so high. Why would you do that? You would just go buy silver. You know, it was crazy.
[01:01:01] Unknown:
They're just well, everybody's trying to work on that price and get it down to the amount where it'd be small. And remember, every time it's like for a tenth ounce Eagle, You go buy a one ounce gold eagle, and the press has to press once. Well, you do a tenth ounce. It's got to press 10 times. They're they got a package nine more. All that all the labor, all the supplies, everything. The smaller sizes will generally cost you more in premium. Okay?
[01:01:34] Unknown:
Oh, yeah. Absolutely. But it just seems like someone, you know, they're saying, well, if you can't afford a whole ounce of gold, then buy these little ten tenth of an ounce bars. But the premium you know, the price of the gold and the premium pay, you could get a hell of a lot more silver for that amount of money. And it just just drove me nuts when I saw those being advertised, and and we really you know, I just felt like it was a con. You know, if you're a millionaire and you wanna buy a bunch of these little things, yeah, great. You know? But if you're broke like all of us are pretty much, you know?
[01:02:05] Unknown:
There was a company that came around a number of years ago called Carrot Bars. You remember hearing about that, Tom? Carrot Bars? That's exactly what I was talking about. Well, I mean, you know, then that's the point of using those small grams. And I I was involved in Karatbars. I did pretty well in it. And, they had a great idea, you know, and a very good marketplace. You can go look at these on the Internet. They're called Kine bars, k I n e, Kine bars. And all the banks in Europe and a bunch of people were selling them. So it wasn't just Karatbars. But you got, the largest size they had. This is four nine gold, by the way.
K? You've got when you deliver a what they call a good bar to the exchange, it's gotta be 98% gold, I think, Tom. Can be 2% alloy. K? And and so it's not pure gold. When a country puts out a gold coin, it's generally not 24 karat gold. There's a couple. Canadian maple leafs, I think, Australian kangaroo, and I believe those, buffalo ones that we talked about yesterday were 24 karat. As a matter of fact, the first load of those that they minted, they had it on some sort of a truck or a a a a pulley card or something, and it it tipped over. And and all of those fell on the side. And those that particular model, of that coin has a a little bit of a flat side on one side because the whole damn cart fell over and it it and it's so soft and malleable that that made them not circular anymore. Okay? So 24 karat gold is very, very malleable, And, that's why they deliver it with alloys.
I think the you can go back to the Kruger end. And if you ever held a Kruger end, you noticed how it was kinda orangey, Not gold, but orangey. That's because they use copper as an alloy in there. K? It depends. Different countries use different alloys. But with the coins you buy are never gonna be 90 nine four nine gold. They're all gonna be about 92, 90 three percent gold. And, Karatbars had four nine gold. So you're gonna pay every time you up the purity or reduce the size, there's costs involved. Okay? And that was the beauty of Karatbars. They had a five gram Kind bar. They had a two and a half gram Kind bar. They had a one gram Kind bar.
And then towards the end of the company, they were doing one tenth kind bar of in a bill size where they would take one tenth of a gram and put it right in the middle of a bill. So, there's all that kind of stuff out there. What you wanna do with this is up to you. Okay? I don't know how much funds you got. I don't know what any of your predilections are, but I'm just telling you the overview of the market. If you've got Federal Reserve notes sitting around somewhere that you're not utilizing and don't see a need for them and particularly in the near future, it would be a very wise move to invest in something solid like gold or silver. That's just my point.
[01:05:35] Unknown:
Something's coming up, Roger. Just as you said Oh, something's coming up. Something's coming something's coming up. Going on, and, I'm gonna listen to that Alex Jones show you just mentioned earlier. Yeah. It was on you. I think it was Elliott. Is it Sunday? Hey. I found it. I was searching while you were talking.
[01:05:52] Unknown:
Okay. Well That's cool. Kirk Elliott's a real slick guy. He's he's also a pastor. He's a real, real slick guy. I really like him. Okay? So yes. He's not the one that did the Elliott wave theory, is he? No. No. No. No. No. No. No. No. He's one of the oldest. He's had his company for thirty years. He's very reputable. I think he's the biggest silver dealer in the country because he's selling bullion and doing this, this ratio trade with people. Yes, Julie. Hi. How are you? Julie? I'm pretty good this morning. This is Julie. Hi, everybody. I love Hi, everybody. See, I love I'd love talking about this metal stuff. I've spent many years trying to come to understand this. Okay? And I really like talking about it because most people just don't know jack crap about it. Okay?
[01:06:40] Unknown:
Well, I have, I just wanna tell everybody out there because I have experience with some of these people you're mentioning and I'm not gonna name names. Just do your own due diligence. Go do your own research. Figure out what you wanna buy and go get four or five price quotes from all these dealers. Call them up and say, I want, you know, you know, I wanna spend $5,000 on these coins and I want them delivered to my house. Ask them what you have. And the other thing you really need to be aware of here is that when you don't have these in your hand, assume you don't have them.
There have been a ton of articles I have read over the years where people have stored them like their IRAs and their four zero one ks's and these depository institutions which they say you have to to hold them in. You want a separate, you want a separate storage. You don't want them comingled with other people like GoldCo does. And the other thing is, if you do store them at home and you need to liquidate them for, fiat currency, beware of what it's gonna cost you to ship them back and to insure them because that will very quickly eat away at profits that you have made. So it's just an FYI, I have a friend who shipped, I don't know what it was, 30 ks back in, silver bars because she needed the money and she did not she did not insure them at all. And the cost of shipping those, I couldn't believe that she didn't ship that or didn't insure it. It's just an FYI for everybody here, just beware and then, you know, Kurt, his premium, the 8% premium is a lot even on a spot price because every metal dealer's spot price varies. I have verified that.
And also, Kurt says he'll buy it back from you at no premium. Well, what what price is he gonna buy him back in? You better make sure his company's there. Whatever the spot is he gonna buy them back at whatever the spot price of silver is? It's my impression. Well, yeah. But every company has a different spot price for silver. I verified that, Roger. I've called them up and they all have different spot prices, they tell you.
[01:08:54] Unknown:
Okay. Well, you tell them you want the LBMA price. Okay? Yeah. So you don't don't buy that bullshit. Due diligence
[01:09:01] Unknown:
reminder for everybody. That's all I'm trying to say. Do your due diligence just before you buy from these people. Well, you should do your due diligence before you buy anything, shouldn't you? Okay? Yeah. So But especially precious metals, Roger.
[01:09:15] Unknown:
There there are there are some good repositories around the world, and one of them is this newest one in Texas, the Texas Metals Depository, I believe it's called. Do you know who banned it? I'm familiar with it. Truly?
[01:09:29] Unknown:
You know who Bass is? I'm very familiar with all of the I'm very familiar with all of the depository
[01:09:34] Unknown:
that that hold the Golden Temple. Okay. Well, that's do you know who Bass is, who the Bass family is?
[01:09:42] Unknown:
I believe they were they are associated with these depositories in some way, shape, or form. They're a very wealthy family from Dallas. The the
[01:09:51] Unknown:
the guy that's running the family now is on the Texas University of Texas board of directors and of the, fund, their their alumni fund, whatever they call it. And he's the one that about ten plus years ago, we insisted and went out and the Texas University Fund diversified themselves of $500,000,000 and they bought gold. And so they built the Texas metals depository to house that. That's the basis of it. And you can also, it's my understanding, utilize that depository and they will attach a debit card to whatever you have deposited in there. K? So that one is legitimate, and and there's a couple that are. I have mine in a storage facility down in Montevideo, Uruguay. Okay?
It's a privately owned. It's not affiliate does somebody wanna say something?
[01:10:50] Unknown:
I to write stuff in because I can't stay with my same book. Well, then what do you what drives you with? Okay. It is the only big one I have. Oh, okay. But I'm using it right now. Could you could you please
[01:11:03] Unknown:
mute him? Mine's in a in a, depository down in Montevideo, Uruguay that's that I literally scooped up. When I was gonna move down here, I tried to go to everybody that I knew of in The US and talk to them about it. But nobody, not one person knew anything about Uruguay. Uruguay is like the Wild West, Switzerland of South America. And so I literally had to go in.
[01:11:38] Unknown:
There's nothing in it. Nothing in it? Yeah. And there's a lot of I just got it filled up. A lot of killed up. There's nothing in it. Conversation go on? Thank you. That's right.
[01:11:52] Unknown:
No. That's Jesus. Oh my It's a big textbook. Anyway, it's a it's very safe. It's not affiliated with any financial institution, and it's open three hundred and sixty three days a year from ten in the morning till ten at night. And literally, you feel like James Bond going into the damn place. Okay? So that's safe. It's been there. I've had my stuff there for many years now. K? So, anyway, whatever. Do your due diligence. Do whatever you think is right. I'm just trying to give you the lay of the land as I know it and understand it. And the fact that my spiny senses say something real big is coming.
Yeah. Because the stuff that the LBMA are doing right now are totally uncharacteristic of bankers and gold. You make your own decisions.
[01:12:47] Unknown:
Now who else? Everybody got a yes, sir. Questions? Looks like Jerry cars Jerry Garcia's mic is open, and he may be bleeding in.
[01:12:57] Unknown:
On the conversation. Alright. No. Well It's not me. Alright. Well, it's straightened out now, but, anyway, that's why I I wish you'd mute when instead of staying with an open mic on here because of the examples just like that. Yes, sir.
[01:13:15] Unknown:
This is Sketch. And, yesterday, Paul brought up the confiscation during 1933, and the, the boxes at the bank, savings deposit boxes? Yes. Is that correct? And did you mention that now did they confiscate, gold coin US gold coinage from those Sure did. They confiscated
[01:13:40] Unknown:
and they got yes. They did. And they replaced it with the New Federal Reserve net. Yep.
[01:13:46] Unknown:
Okay. Because I yeah. I was talking to my brother last night. I said, yeah. They come to the old they didn't do the US coin. No. They they took silver. Oh, no. They didn't take silver. No. No. Here here no. Here's where your brothers messed up. They did not confiscate
[01:13:59] Unknown:
numismatic coins. Okay. You know the difference? Thank you. Yep. Just a regular gold Saint Gaudens. If you had it in there, they're taking it. If it's a Roger. Special one, then they won't. Or you could get it back if you did. Yes.
[01:14:21] Unknown:
Breaking news. I'm monitoring ABC news on the radio here. Motley Crue, Singer's, jet, crash landed. Landing gear didn't open. It crash landed into a parked jet or plane on the tarmac, and one person died. The singer wasn't on the plane. And then I just heard that you just mentioned that Pritzker Faggot, governor of, Illinois, he just issued a proclamation. He's changing the name of Lake Michigan to Lake Illinois, and then he's gonna annex, Green Bay, to protect Illinois from enemies sworn in domestic.
[01:15:02] Unknown:
I hope that Trump and his bunch go in there and slap that fat piggy bastard silly.
[01:15:15] Unknown:
It's incredible.
[01:15:17] Unknown:
Yes, sir.
[01:15:19] Unknown:
Hi. You This is Jerry. Jerry again. You mentioned somebody Jerry. Get get go.
[01:15:28] Unknown:
Do what, Jerry?
[01:15:30] Unknown:
You mentioned some company, GetGo, or something like that about money Kitco.
[01:15:36] Unknown:
Kitco, k I t c o, dot com is a metal site out of California that a lot of people go to to get spot prices and whatnot.
[01:15:50] Unknown:
Okay. Thank you. Alright.
[01:15:54] Unknown:
Don't buy anything from them, but if you need to go check the prices and shit, that's a good place to go. They've got a pretty good overview of the market. Okay. Who else has got questions on all that? Somebody does. Yes, sir.
[01:16:08] Unknown:
Yeah. This is Larry. So a friend at work and I were looking up, on the maps this morning and you're just talking about someone's trying to change
[01:16:23] Unknown:
something a lake, Lake Michigan or something? No. I didn't. Dave did. Dave did. Pritzker's trying to change Lake Michigan to Lake Illinois.
[01:16:32] Unknown:
Right. Well, if you go on Google Maps, it now says the Gulf Of Mexico is the Gulf Of America. But when you go on the Apple Maps, they keep it as the Gulf Of Mexico.
[01:16:45] Unknown:
Typical.
[01:16:49] Unknown:
And another thing is, can you, to add to your explanation that you started to show out with, you had mentioned that currency is loaned into existence and it's the interest that's created a thin air. And I remember like a couple of times in the past, maybe at least two times, you attempted to explain how if someone if two people have a mortgage and you pay your mortgage off and your neighbor's mortgage goes into foreclosure, that that's what is used to pay for the interest on on your mortgage. I think that's how you put it. So can you go over that again and and carefully explain how that Okay. Well,
[01:17:36] Unknown:
pretty easy. You got you and your neighbor. You buy your house maybe a year before he does. He buys his house. Let's say they're on complimentary terms. You both got interest ticking up on it. And if you eventually pay yours off and and he and there's none there's not enough money circulating out there, he can't pay his off. Okay? So, yeah, see the best way I can explain this. If all of the circulating currency, all the debts were paid off, there'd still be a circulating debt, but there wouldn't be anything to pay it with. Do you understand that?
[01:18:24] Unknown:
So the so it would be the interest that would still if if all the if all of the loans were paid off, you're saying that it would be the interest that would still be left. It would still be debt. Yeah.
[01:18:37] Unknown:
Yeah. And there wouldn't be any circulating currency, but there'd still be a debt to pay off. How do you pay off a debt when there's nothing to pay it off with? Oh, other assets, other collateral. But you see the dilemma here?
[01:18:53] Unknown:
Alright. So the national debt is, like, over is over 30,000,000,000,000, whatever it is. 33, 30 6 trillion. 30 7? Do you believe that debt is mostly interest?
[01:19:05] Unknown:
I believe it's I believe it's all bonds.
[01:19:10] Unknown:
That's what we have to do. Of of loans and interest, or is that just all interest?
[01:19:17] Unknown:
Well, you could never know. If you did, the interest wouldn't compile if the loan wasn't made. The interest is attached to the loan.
[01:19:30] Unknown:
So you don't owe me a quote. Bank and paid it off in coin. Oh, Dave.
[01:19:35] Unknown:
Oh, Dave. Please What?
[01:19:37] Unknown:
Just I'm trying to explain something, and you butt in. What did you say?
[01:19:43] Unknown:
I said, what if you go into the bank that your mortgage is on and you pay it off in coin?
[01:19:49] Unknown:
Well, then it's paid off, isn't it? They can't refuse payment. Under the UCC, if there's a payment tendered and you refuse it, the debt is considered paid.
[01:20:04] Unknown:
So to to add to that, what Dave just said, and this is kinda incidental to the conversation, but, supposedly, a few years ago, David Strait's wife walked into the bank or whatever. She was doing paperwork administratively, and she claims she paid off her home loan with silver coins. And it turned out that that obviously wasn't the case. Someone exposed all that. She actually had a seminar explaining how she did it, like a like a one hour talk, and all these people came to hear how it was done, and it was never really done.
[01:20:46] Unknown:
I wouldn't trust anything that come out of either one of those two people's mouths, quite frankly. But you guys go do what you wanna do. K? The the guy's a Navy Seal. He's been a Texas Ranger. He was working with Trump on all those impeachments. I mean, this guy is so as full of crap as a Christmas turkey, folks.
[01:21:11] Unknown:
Right. And I'm not I'm not endorsing him. I don't I don't believe she did that, and I I believe that these these are imposters. So I'm just saying.
[01:21:22] Unknown:
Okay. Now let's go back to where you and I were a minute ago on this. When you make a loan, the principal is loaned into circulation. The promissory note says, I, Larry, promised to pay 360 payments of so much principal and so much interest for so much time. K? Right?
[01:21:45] Unknown:
That's right.
[01:21:47] Unknown:
Okay. Well, the the they're giving you the value. They're loaning you the value that you and the seller have determined is the fair market value of the house. Right? So let's say $200,000. Yeah. I'll pay that. Okay. Can you cash or what? No. I gotta have a mortgage. You go get a mortgage. But the mortgage is for $200,000. Right? That's the value of the house. It's gonna be the collateral. Right?
[01:22:19] Unknown:
Well, yeah, but they tack on the the interest that might turn out to be 300,000.
[01:22:26] Unknown:
Well, not before they don't. They can't tack on interest before you've lived in the house. That's illegal. That's why you pay rent at the first of the month, and you never pay a house payment until the month is over because they can't charge you interest for something you haven't used.
[01:22:47] Unknown:
Right? Right. So the promissory note is just for the value of the house. I get that. That's what I'm saying. That's what I'm trying to get across. So what we're really doing,
[01:22:58] Unknown:
really, they're monetizing your collateral, aren't they? You agreed to buy the house. You agreed that's the price. That's what the loan's gonna be for. They're gonna loan $200,000 into circulation. Aren't they monetizing the value of your collateral?
[01:23:15] Unknown:
Yes. They are.
[01:23:16] Unknown:
Okay. But they don't loan the interest into circulation, do they? Only the value of the house. So now that the loan is commenced after the first month you've lived in it, now you're paying the interest. Capisce? Yep. Larry, do you understand? Yes. Yes. Okay. So from that first month, the interest is starting to build because you got that 8%. You said so much. You're gonna pay all that interest and for the first fifteen years of your loan, that's all you're gonna pay for the most part is interest. You don't pay hardly anything on the premium. 50¢ a month, a dollar a month for the first fifteen years. So that whole time, that interest is building every month.
The interest is on 200,000 at so much a percentage rate. When that determines your monthly payment, are are you with me on this so far?
[01:24:25] Unknown:
Yes. I am.
[01:24:26] Unknown:
So you never loaned all that interest that three that goes up to when you multiply out $200,000 on a thirty year loan, you're probably gonna pay out $600,000. Now Julie's a mortgage broker. She can come in here and correct me if I'm wrong. Okay? So you you you you're gonna pay triple back what you borrowed over a course of thirty years, and you're gonna pay most of that within the first fifteen years. After the first fifteen years is when it starts chunking out and you take more off of the premium. Now this is where you can go in and pay an extra payment a year. Say your payment's, I don't know, $500 a month.
You pay an extra $500 in the course of a year and they automatically go to the back end of that loan and pull that off of the principal. Are you with me? Yes. So when you pay one extra payment a year, you take it down to a fifteen year loan. How about that? That's because you're not paying any interest upfront. You're paying all the principal at the back end. So when you put money in extra, it comes off the back end of the principal. Larry, you with me? Yes. I'm I'm with you. I'm just I'm working out with you. Look. I'm oh, okay. So I know this is fairly complex for some people too. K? They pulled the wool over a whole bunch of people's eyes with this little scam. We didn't even have thirty year mortgages before March the ninth of nineteen thirty three. Before that, you only had ten year mortgages, and the banks held all the paper just like it's a Wonderful Life with Jimmy Stewart. And they'd take your payment and loan it back out to people in the community. Well, March the ninth of thirty three changed all of that. K?
And the reason they set it up like this, Larry, is because they figured out that and I'm sure this progressed from '33, but they figured out that the average person only lives in their home seven years. So if you're moving around in your career or whatever and every seven years or less you change houses, all you're doing is pay paying usury. All you're doing is paying interest. You never even touch the principal.
[01:27:01] Unknown:
Hey, Roger. Roger.
[01:27:03] Unknown:
Oh, this is my cap.
[01:27:06] Unknown:
Yeah, Mark.
[01:27:07] Unknown:
Yeah. This is kind of a perfect segue. What you and I have been talking about in the background is, I'm gonna well, we are gonna promote a a automatic money management system that people can plug into, and, they can pay off their debts, including credit cards, homes, car loans, anywhere between as short as five years and probably, on average, between seven and ten years. And it's a pretty amazing program. We're we're kinda working on this behind the scenes so that the Radio Ranch listeners will have a a way to really kick the bankers in the teeth with this. And I think when you see this software, it is mind blowing, and it's flexible.
You can add emergency funds to it. If you wanna plan a a vacation, you can you can put the cost into that and see how it'll affect your your, debt free date. But it's the best thing I've ever seen, and I'm very excited to present this to our listeners.
[01:28:15] Unknown:
K. Well, we'll find out when we're ready to present that, Mark. Come on and tell you about it. Yep. K? But I just want to in a little too. I hope you're not blow your mind. Okay. Well, I hope you're not in debt, first of all. You know? Yes. Because it's wonderful being out of debt. K? I've been to both, and it's far superior being out of debt.
[01:28:38] Unknown:
Yes. It really takes the pressure off of you.
[01:28:41] Unknown:
Yes.
[01:28:43] Unknown:
So, anyway, I just wanna step in and say that I've I've got to Thanks. I've got to run. I've I've got take my dad to some appointments today. So I was just listening on the side and just wanted to drop that in.
[01:28:54] Unknown:
Thank you, Mark. Good take dad. You're welcome. Talk to you later. Okay. Alright. Alright. Now who was Roger ing there? Chow Chow. Who was Roger ing? It's just Larry again. Larry. Yes, Larry. So,
[01:29:05] Unknown:
what's interesting is I I did a fifteen year mortgage, and I just couple months ago, I paid it off. It's completely paid off. And so I definitely have a pay increase, a raise, if you will. And it's just amazing to be free of that debt. I did a fifteen year mortgage because I took the advice of Dave Ramsey. I don't follow and believe a lot of things he said, but at the time when I was listening to him fifteen years ago, I followed his advice. He always advocated for getting a fifteen year loan because you're paying so much more interest over the course of thirty years. And it turned out when I went and got my loan, I think the payments per month were only going to be $150 more per month to have a fifteen year loan.
And, you know, I could afford that. So that's why I went in that direction. I didn't want to be paying on a house for thirty years.
[01:30:02] Unknown:
So anyway, one of the the the point of this story is, Hold on a second. Let's stop. Let's stop right there and analyze that for a minute. Okay? So if you took out the fifteen year loan, you paid a hundred and $50 a month extra. Correct? Yeah. That was about what it would have been. Yeah. Okay. Alright. Well, hold on. So follow me through here. Hundred and 50 times 12 is is, what? 1,200 plus 6 $1,800 a year? Exactly. Yep. Okay. So let's just look at numbers. Is it better to pay have that fifteen year loan and pay 1,800 a year to have it extra, or is it better to take out a thirty year mortgage and just pay 500 a year extra to get a fifteen year? And you've got yourself about, $1,300 or something easier there per year. You see what I'm saying?
[01:31:04] Unknown:
Right. A lot a lot of people, they don't know this information, and they just look at the cheapest way of getting something. Well, they know what I know. They do dumb shit stuff like follow and believe Dave Ramsey, who probably doesn't even understand
[01:31:17] Unknown:
how the monetary system really works, quite frankly.
[01:31:21] Unknown:
Right. I agree with that. But let me just say this. So, the reason well, of course, when I got the thing paid off, I started thinking back because I was thinking about something you said a little while ago. The banks, what they well, my particular bank, what it started doing was I think about halfway through having the loan paid off, like maybe seven, eight years into it. They started sending me I was getting bombarded like every month with loads of advertisements to refinance my loan, because at the time my interest rate was 5%. And so, back then, I mean, years before this recession occurred, you're seeing interest rates like really low, like what two point something percent.
And so they're all trying to put the bait out there to get me to, you know, hook on. And the thing is, I've already paid off all my interest, and they saw that, and that's the way I'm thinking about it. That's the reason why they bombarded me. They wanted me to do another lump, and I'd be paying all this interest upfront again.
[01:32:37] Unknown:
Yes. You know, all the vigorish. That's the word we need to start using around here. Vigorish. You know what that is, Larry?
[01:32:48] Unknown:
Vigorish. I'm not I don't think I'm not. Not licorice.
[01:32:53] Unknown:
Vigorous.
[01:32:55] Unknown:
Yeah.
[01:32:56] Unknown:
That's what the Jews call interest. Vigorous. Vig. FYI. Now, it came on this program a while back. One of our listeners came on here, and we went through a bit of explanation because it took me a little bit to grasp it. I've mentioned this to people whose career was real estate and stuff, and they didn't know what the hell I was talking about. So it's kinda interesting to me on this way of approaching a loan and what it has to do with is this prepayment stuff. Okay? So if the loan is written to where the the the, financial institution gets to assign future premium payments do you remember this discussion, Larry?
This is really interesting. K? I mean, it's pretty hard to put Yeah. I was looking into it. I did. Well, it's pretty hard and it seems a little absurd to put the word interesting to anything involved with a mortgage. But this is interesting. Okay? And so I'd never heard of this before. Hell, I wish I'd known this when I was younger. So it depends on the contract that you write and who assigns future premium payments. Now we mentioned with you, just paying one month extra, per year will drop it from a 30 to a 15. Okay? But if the contract doesn't state otherwise, it probably falls into the lender's hands as to where they put that extra payment.
Okay? So in other words, if you take out a thirty year loan, Larry, there's 360 payments in there, right? So it's payment one is separate. Payment two, every month is figured on this formula of how much interest you're paying and how much premium. Right? So you go in and you find a contract where you can assign future premium payments and not the lender. I don't know how easy they are to find. Julie, it's something you may want to check into. I don't know how easy they are to find if anybody even offers them anymore. But contracts are all negotiable.
So you if you can get a some sort of a contract like a mortgage contract where you have the ability to assign future premium payments Instead of paying the extra payment a year and it coming off the back end of the principal down at year year thirty. Okay? You can go in and go in and assign your or your payment to the early payments. You may have to pay the first one at full payment, but then you can go in and go, well, two and three, I can just go in and pay the principal. Because the interest hadn't kicked in yet because you haven't lived in it for that month. So you go in and pay off that little bit of principal like a dollar, dollar and a half, and the whole payment's gone.
You've paid it. And then you go and pay the third one, same thing, maybe a dollar and a half, And all of that interest is gone. And so you can go through there and selectively assign your future premium payments and knock out a whole freaking payment or two, man, or more. And one of our listeners used to sell this to people. They would go out and work for a company. They would go out and and sell it to people, charge them $750 and they could do this. They would save thousands on interest. I just thought that was really interesting. That's interesting because that's a way to go in and short sheet these bastards.
K? So very cool. I wanna thank it took me a while to get that. I didn't understand it at first, and my real estate friend didn't understand it at all, okay, for at first. So anyway, just an another twist. Here I am, 76 years old, Been in business, you know, adult life. Hell, I've never heard of that before.
[01:37:12] Unknown:
K? So it's Roger, we need to get Julie to listen to that show. She's got a great mind.
[01:37:19] Unknown:
Yes. She does. I agree with that. So and, so each anyway, anybody else got any questions or comments here? We got about thirty minutes left. It's been a good show. It's centered mostly around financial stuff, which is a subject I really like to talk about. I know quite a bit about it. I've studied it and listened to people like Robbie Noel, who we mentioned yesterday for years. Okay? It's always been well, here was my figure. The financial horse is the horse they rode into town on, and the financial horse is gonna be the horse they ride out of town on. Okay? So it's very important, and it's very critical to everything else we talk about because it's the nucleus of all of it. How do I steal your wealth with some of my tricks?
[01:38:08] Unknown:
I meant Roger. Well, you yes, sir. This is Roger. Chris from California. Hello, Chris. You started a while ago talking about, you know, how the payback works out. And a real simple way to explain this is, suppose you have four people, you have a society and all there are is brand new little city, all you have is four people in one bank. And the bank has $4,000 to loan out and each one of these people, the four people loan out $1,000 Now all the money is gone. It's in the hands of these people now and they have to pay back their mortgage or their loan, their business loan, whatever it is. And they have to pay it out at $100 per month so it's all payback plus interest and if it's just straight interest and it's at 10% they're going to each have to pay $110 per month for ten months.
So the first guy, he pays $110 for ten months, at the end of ten months he's paid $1,100 He's paid $1,100 and he's paid off, he's in the clear. Now the other three maybe another one will be able to get to $1,100 but then at some point there's not going to be any money available in circulation to pay back the loan because the first two have paid off $1,100 So that's $200 missing from the pool, from the money pool. Yes. If the third one gets ahead of the fourth one and he gets his paid off then the fourth one he's going to be running around trying to find the missing money was at that point is gonna be $300.
He won't have $300 to pay back because the interest has put a bottleneck on the cash flow. Yep.
[01:40:17] Unknown:
Because the interest was never it was never the interest was never loaned into circulation, therefore, it wasn't created. It was created by the the compound interest effect in the pool. So they can never be paid back. Okay? I would suggest for yeah. Go ahead. I'll I'll I'll comment after.
[01:40:37] Unknown:
For some people to fail.
[01:40:40] Unknown:
Yes. Somebody Correct. And they knew that. Yep. But they knew that in 1933
[01:40:47] Unknown:
when they put it into effect. Of course. It was just it was designed that way.
[01:40:51] Unknown:
Yes. It's it's designed. Now if you're new to this and this monetary stuff confuses you, I got two really good resources for you. And they're both, believe it or not, on YouTube. Okay? And the first one is a Canadian. I think it's forty seven minutes long. It's an animated. It's not political. Nothing. Just facts. And it's called Money as Debt. Money as Debt. Chris, have you ever seen that?
[01:41:22] Unknown:
I may have. I've seen a lot of that kind of stuff. That book too by Byron
[01:41:27] Unknown:
Dale. The book, by Byron Dale. Bashed by the Bankers.
[01:41:32] Unknown:
Goes into this very well.
[01:41:34] Unknown:
Yes. I knew I I met Byron, had had a couple of meals with him, and, we had a little bit of a personal relationship. He came down to speak to our group in Atlanta, and I picked him up at the airport and kinda, hovered over him and showed him around and stuff. Very nice guy. I hope he's still with us or not. This is Byron Dale. If you're not talking to people, this is Byron Dale's he said the three questions you asked. What is money? Where does it come from? And how does it get into circulation? What is money? Where does it come from? And how does it get into circulation?
If you can get in somebody that wants to have a conversation, those are the three questions you wanna key in on. Now the other resource is by a guy named Bill Still, who's been around hell as long as I have. He he had a a a a video back way before we had all this fancy digital stuff. He had a video back in the nineties called the money masters. And he basically updated all of that information and put it into a documentary, a a a worldwide award winning documentary. It was voted as the best documentary of the year by one of those film festivals in 2011.
It's very, very, Hollywood produced, very, very slick production. And he even went to England and got with somebody over there at the British, Museum of History, and they had to have gloves on. But they took some tali tally sticks out of, out of the case and were shown, and they go over those and how they were used in England. At one point, pieces of wood called tally sticks were used as money in England. That's what the money was in England. It was based on these tally sticks. Anyway, the name of that movie is about two hours long. It is I couldn't recommend it highly enough, quite frankly. It's called the Secrets of Oz. It's on YouTube.
Very well produced, very accurate, had stuff in there I'd never been exposed to before watching it. Some quotes from some of the past presidents on the money monetary system, etcetera. So Bill Still, the secrets of Oz, and I don't know who the originator was, but it's called money as debt. And I do know that that has a version in Spanish because I've turned some of my Spanish friends onto it over the years. So money is debt and the secrets of Oz. Excellent resources to learn and understand more about this. So who's got some comments or questions? We got fifteen minutes left or so.
[01:44:32] Unknown:
Amit.
[01:44:34] Unknown:
Yes, sir.
[01:44:36] Unknown:
Yeah. Hey, Roger. It's Wayne again. And, I wanted to throw another angle into this whole discussion that might need to be considered, and that is we're we operate with a fiat currency system. Okay? You know, with the Federal Reserve notes. So in essence, when we pay a loan off, we're paying a debt with another debt. So the key question is we are discharging a debt, we are paying it off, but are we getting true lawful legal title?
[01:45:05] Unknown:
Well, that's all the major questions. So all those are very valid and very good questions and excellent points, Wayne. Now for for Larry, you said he paid off his house. Did you get title to it from the bank yet? Larry may may be off working.
[01:45:25] Unknown:
Yeah. I got a payoff, I got a payoff, receipt, and I don't I can't remember if they actually sent me the certificate of title. I think we get certificates of title. I think, the way they label it in Florida is we're tenants and this is what I've always talked about before with you, Roger, that we're mere users of the property just like Eugene Schroeder teaches. All the mortgages were given, confiscated or seized by the government in 1933.
[01:46:00] Unknown:
And probably used as collateral for the bonds at that point would be my guess. Remember from Gene Schroeder's thing? They used whatever they could use as collateral. They already had twelve years of birth certificate stacked up, but whatever else they could use to get that initial, surge of paper currency circulating, which I think they mostly spent into circulation with Roosevelt's, New Deal stuff, raw deal, Jew deal, whatever you wanna call it. They would actually pay the workers with the notes, so they're spending it into circulation.
[01:46:38] Unknown:
Yeah. Okay.
[01:46:39] Unknown:
Roger? Yes, sir. Wayne.
[01:46:41] Unknown:
Yeah. So so the key the key point is what Larry Hold on. Wayne talk. The key point is
[01:46:49] Unknown:
certificate of Hold on. Hold on. Two people are trying to talk at once. Wayne's and I'll recognize the other guy after. Go ahead, Wayne.
[01:46:57] Unknown:
I'm gonna wait. Pardon? The only point I wanted to make was when you hear certificate of title, that just means evidence of title. That is not a true legal, lawful title. Right. Like in the like with with a car, the state owns the true title called an MSO. Yep. Manufacture statement of origin or something like that. So when you apply it to a house, that's the same thing. Because we're using Federal Reserve notes, I really believe there's a case that there's always a lien on it. There's some kind of ownership in the state. Yep. And that's why houses can still be foreclosed on if you don't pay property taxes. You you have equitable use of that house, but you still you don't truly own it. And that's the key point with Trump. If he came in with a gold back type of money monetary system, that's where you get true value. And I think that's how, true lawful legal title could be obtained. It's just the way I've heard it in the past.
[01:47:55] Unknown:
It's interesting. You or Larry mentioned it a minute ago that you're dis charging a debt with a debt. You're not paying the debt. You didn't pay off your house. You discharged it. Now you can pay it off when you got, I guess, lawful money and if you're a a national. Because now you can own things. In the other capacity, property can't own property. So you just get a certificate of ownership and you get control. They come take it away. K? Because you're still a serf. So that's part of the whole formula here also. Who was trying to talk, with Wayne there a minute ago? Is that you, Chris? This this is Chris from California.
[01:48:38] Unknown:
Yeah. What I'm working on right now with our farm is we've done the complete chain of title all the way back to the original land patent. And now with me being a title, I mean a national, we're proceeding now to get a load yield title on the 10 acres and get rid of our mortgage with the state you might say. Get rid of the taxes and all regulations. When we're successful, I'll tell everybody how we did it. That's what we're working on right now. I can't say anymore right now. Another thing though, I remember on the show not too long ago, some lady came on and talked about how the judge gave them title to their house. I don't know the whole story about that but I've heard of that before and I wondered if anybody knew anything more about that.
And also, as far as the mortgage on your house is concerned, they don't loan anything. You become an indentured servant for thirty years. Correct. And that is a that is a basis for canceling the mortgage, by the way, because that's fraud. That's correct.
[01:49:41] Unknown:
And I know about it from Tom Schoff. Have you heard me talk about Tom, Chris? I met him listening to a well, I met him years ago listening to, the only place you used to get this kind of information was on shortwave in the middle of the night. I'd stay up till three or four in in at night having to go to work the next day to listen to some of this stuff, and that's where I heard him. He was a CPA, s c h a u f f. We were talking about him a while back on here. His book's been floating around here. He was a, a CPA out of Chicago who qualified somehow to become an expert witness, and do expert witness testimony where you make the big bucks.
And so what he found out was there wasn't a place in the country where you could accredit CPAs to do that. So he started a school. Okay? And so he is holding a school for other CPAs to accredit them to become expert witnesses. And so one of the federal regulators was one of the students who pulled him aside and said, every loan in America is a fraud. And he's, like, shocked, the expert CPA. And he's shocked. He goes, let me show you what they're doing. And it revolves around everything you said just now. And it is that they never loan you money. The whole process has started again. This is not admiralty law. This is not maritime law. This one of the basis of the whole financial system is the mortgage market. And they don't loan you money. They use promissory notes. Folks, they don't use promissory notes in admiralty law. They don't use promissory notes in maritime law. Okay? This is the UCC.
It's the basis of everything. Alright? So you sign a promissory note. I promise to pay Chris so much principal, so much interest, so many months, just like we've talked about during the show today, except they take it to the financial institution, and they enter it on the liability side of the ledger. Now Julie is not only a mortgage broker and a broker, but she's also a CPA. And she's been digging into this real heavy. She got his book. Shoff had a book that he sold. Okay? And so he had some clients, I think it was in Arizona, who went to court on the fact that the bank didn't loan them any money.
And they gave them their house and put the case under seal. Bingo. Mhmm. K? So that's where it comes from, and that's what it's all about is right that right there. It's just such a slick little deal Is they're using what really allowed them to set that system up is using double entry bookkeeping. They can put it on one side. They discount the note into the secondary market to an investor who gets the full payout if he continues to hold it. And then they bring the cash that he pays them back, and they put that on the asset side of the ledger. That balances the book, and it gives them the cash to pay for whatever you're buying.
That's the way it works. Do we
[01:52:58] Unknown:
Do we know who did that in Arizona?
[01:53:01] Unknown:
No.
[01:53:04] Unknown:
Who does?
[01:53:05] Unknown:
I I don't well, Tom Shoff might if you can find him. Okay. I and it might not have been Arizona. It just seems like I in in my mind, that's where I placed that incident. But I don't know how much success you'll have trying to do that in the courts anymore. K? I don't know what things they put in place for that not to happen. But that's why this is so important to understand exactly how these systems work. When you understand how they work, you got a much better chance of finding the weak point like we found in the political status one. Yeah. Oh, oh, it's fetal system. Well, the only, condition that could apply to me is voluntary servitude, and I'll just volunteer out. How about that? Oh, you don't object? Okay. Great. Thanks.
See you later, you slave and crap. Yes, sir.
[01:54:01] Unknown:
Okay. So one of the things that is going on, is that if someone's in foreclosure, they file a chapter seven bankruptcy petition and they list the home as an unsecured debt. This then flips the proof to the person who says they are the holder of the note and the person who's supposed to be paid the money. And it's really causing some consternation. I'm following a case of a friend in Kansas. So as as that progresses, I'll let you know more. But, you know, our friend Ron, the attorney, he was actually get I got a woman's home for her up there in, in Oregon, either Washington or Oregon, by doing that. And because So you're basically The the camper, they paid for the house.
[01:54:58] Unknown:
Right. And so, basically, you're backing in them a corner beyond their fraud. And you're going, no. This is an unsecured asset. Who's gonna secure it? Who owns it? And now they gotta smoke them out, and they gotta fess up and go, well, we own it. You know, well, how the hell did you get it?
[01:55:16] Unknown:
Yep. Especially these these mortgages in the that are all passed from from servicer to servicer to servicer, you know. Yeah. And, I think he's been this guy that I've been a while on has been has been through six different servicers. And, it's it's a mess, You know? And then Well, you know, I told you. You know, they're talking about going to the blockchain to to do mortgages now, to do property deeds, and that's gonna kill MERS because they've had this rigged system going on where they didn't have to pay these filing fees. Right. It's a mess.
[01:55:51] Unknown:
It is. You know, I think, Tom, I don't know. I had a Jewish roommate for five years, Lewis, good was a friend, and my boss at Art Institute of Atlanta there, where I taught. And, when he moved out, he left this, set of encyclopedias that his parents had bought for him years ago. He'd been schlepping them around. He ended up leaving them in my basement. Says I was cleaning up the house to sell it, And I ran across that whole thing with encyclopedias. I always look for two, j for Jew and r for resident. Those are just two terms I thumb through books when I find something like that. And so I got the j version, and there was about 30 pages. These were printed. Must have been back in the twenties. Okay? And so in that version, it said, out of that 30 pages, I wish I'd have saved it, man.
Anyway, I remember one thing they said is the Jews were hated in Russia for stealing people's houses. Bingo. They do the same thing Yep. Over and over and over again. That's who our enemies are. We got a finger on them now, though, buddy. The problem is that Trump Well, it's been to some of these damn huge investors like Miriam Adelson out of, Sheldon Adelson's wife. He died. And, and her big wish was we want Israel to have the West Bank. So look for Trump to give Israel the West Bank somehow totally. K? But that's his weak spot are these big Zionist donors. Hate to say it. Maybe he'll either turn on them or wise up, but, the the longer they're in the picture, the less clear our path for total freedom is.
But we'll see. Okay. Couple of minutes before the show ends here. I ought to hear the voice heard about another yes. Julie.
[01:57:53] Unknown:
Oh, hi. Yeah. I just have a couple comments to make here, and I am still reading Tom Schaff's book and stuff. But, just for everybody here, who's listening, I don't know how many people here know, Catherine Austin. She has the Solari report. I'm a subscriber. She's amazing, but she is she used to be a hedge fund manager and she said in August of twenty nineteen, there was a secret meeting in Jackson Hole, Wyoming with the G7 and they all agreed to completely bankrupt their countries. And, I want to remind everybody here that, yeah, The United States is bankrupt but so is much of the world because these international bankers have been controlling the money supply of not only The United States, but the other largest economies.
And the other thing I'd like to remind people so they don't just get scared or whatever is that, if you look at the global GDP, I think it's over $111,000,000,000,000 worldwide. The United States still controls 26% of that. We are the largest economy in the world still in spite of all of what is happening to us right now and the transition we're in right now. So I guess my thing would be, we're still the best economy and we're still the best country. I yield.
[01:59:17] Unknown:
Yeah. And I mean, China, our rival, they're head over heels in debt, probably worse than we are. But, anyway, Jesse, I hope you answered your question from yesterday today. Two hours of discussion on the monetary system, a subject that I really like talking about and and digging into. And is it it involves all of us. Everybody's concerned about your pocketbook. Okay? So, if you got any questions or anything, we'll be back tomorrow. Hope we had some new folks online. I didn't even check to see if you had any new folks with questions. But if you did and you didn't get them answered, you can hang around after the show.
I I get to run off today because it's Tuesday, expat lunch day.
[02:00:06] Unknown:
And, and it's My my questions were answered, Roger.
[02:00:10] Unknown:
Okay, Jesse. I didn't know. They're trying to steal they're trying to steal the the farmer's land in Missouri.
[02:00:17] Unknown:
Oh, yeah. Oh, the listen. These bastards will steal everything that ain't tied down and a bunch of stuff that is tied down.
[02:00:26] Unknown:
Yeah. Thank you, Roger. They're just thieves. Okay. So we didn't have the next step that they're already go ahead. What do you have it for lunch, Roger?
[02:00:38] Unknown:
I don't know. I had several selections. We have a little kiosk with about 10 different cuisines in there, so it varies week to week. Any good seafood? Yeah. They got well, yeah. Ecuador has good seafood. Yeah. And, some of them have a little bit, I guess.
[02:00:58] Unknown:
We all like I'm I'm getting boat ready to come down there, then I can see you.
[02:01:04] Unknown:
Well, no. I won't be on the coast. You gotta come up in the mountains to see me. But,
[02:01:09] Unknown:
if you want to got friends there with cars.
[02:01:13] Unknown:
Oh, okay. Is that man I'm talking to or somebody else?
[02:01:17] Unknown:
This is Chris. I've got friends and family in Ecuador.
[02:01:21] Unknown:
Okay. Cool. Yeah. Come down and see us, man.
[02:01:23] Unknown:
We're up, in now stay in the car.
[02:01:27] Unknown:
We got a place great place for you to stay $20 a night. The it's an old medical clinic. Excellent. Beautiful view. Now what It's just lovely stuff. What kind of money
[02:01:38] Unknown:
is that? $20?
[02:01:40] Unknown:
We're on the dollar, man. It's $20.
[02:01:43] Unknown:
Okay. Okay. Okay. Did Ecuador join the IMF yet? I know that the, the Ecuador One is
[02:01:52] Unknown:
well, they're they're kinda cozying back up to The US a bit, that when the communist was in control here, we cozied up to the Chinese because he hated the IMF. Ecuador is the only country in the world that's beat the IMF in the International Criminal Court, and they did it under a legal theory called onerous debt. And no no other country's ever taken them to that, but they won that evidently. So, yeah, we're they we we're beholden to both of them now. China from the past and The US now a little bit.
[02:02:32] Unknown:
But it's a nice question. Case study.
[02:02:35] Unknown:
I'd like to let you look at that. Well, god, I'd I'd key on owner's debt. I've never seen the paperwork on it.
[02:02:43] Unknown:
Owner's debt. Okay. Got it.
[02:02:45] Unknown:
Okay. Alright. So anybody else got pardon me?
[02:02:53] Unknown:
Yeah, Roger.
[02:02:55] Unknown:
Alright. Quick, please.
[02:02:58] Unknown:
The Money Masters is still out there. It's in archive.org and is also got his own website, thestillreport.com.
[02:03:08] Unknown:
Yeah. Yeah. Bill's still very reputable. Good guy. K? So, anybody else? You're welcome. Anybody else got something from Check your check your email, Roger. I'll send you that Liberty and Finance article. Okay. Thank you. I'll look at it, but it'll be after lunch. Yes, sir. Is
[02:03:30] Unknown:
that mine? What was that last reference after archive.org? Something about god's report? Yeah. It's called that stillreport.com.
[02:03:40] Unknown:
Still. Bill still. The report.
[02:03:43] Unknown:
Yeah. The still. No bill. Just still. Right. Okay. You said the the still report?
[02:03:51] Unknown:
Yeah. I think that's what he said. Yes.
[02:03:54] Unknown:
The steel report.
[02:03:57] Unknown:
Yes. And the Okay. The secrets of Oz is just all that information updated and put in a film format.
[02:04:08] Unknown:
Yep. So And the still report is on rumble, by the way. I'm done. Oh, is it? Okay. Good.
[02:04:15] Unknown:
Good for Bill. It's not Okay. Anybody else got something for me? Because I'm gonna take off, and, there's new folks that were here today and you didn't have a question. There'll be a bunch of knowledgeable people on the line here after I leave, so you can query them. Just quick. So I don't know if I okay. Wayne first and then Joan. Go ahead, Wayne.
[02:04:37] Unknown:
Yeah. I just wanna let you know, Roger, if anybody doubts what you were saying before about the value, how these precious metals hold value, 2 dimes in nearly seventies bought a gallon of gas. Today, 2 silver dimes is worth $4.60. Still buy you the same gallon gallon of gas. I'm off. There you go.
[02:04:55] Unknown:
It's purchasing power, not numbers. Yes, Joan?
[02:04:59] Unknown:
Yes. Donald Trump pushed in Netanyahu's chair, and Netanyahu didn't even look look appreciative. He didn't turn around and, like, thank you. Mhmm. He he just opened that big book, like, let's get down to it. I'm gonna tell you what's going on right now. It's it's kinda like Yeah. I didn't appreciate that. And Netanyahu didn't seem appreciative of Trump doing that.
[02:05:24] Unknown:
Netanyahu's not appreciative of anything. He's a psychopath. K? Thank you, Joan. Thank you. Alright. Anybody else? I'm gone. See you tomorrow. Bye.
[02:06:27] Unknown:
This dude knows that. He knows that you can follow him on, like, TikTok. You can comment on his videos. Yeah. Alright. Okay. Here's the reason that I didn't turn my chair. What's your excuse? I'm gonna Hey, Paul. It's Bruce.
[02:07:24] Unknown:
Yeah, Bruce.
[02:07:26] Unknown:
Hi. Is there any way of controlling these female voices on the phone? It just goes through your head when they're talking.
[02:07:36] Unknown:
Nope. Free conference call manages the, amplitude of each, participant.
[02:07:47] Unknown:
Well, how are they kinda breaking
[02:07:49] Unknown:
the barrier?
[02:07:54] Unknown:
I I have no idea, Bruce.
[02:07:58] Unknown:
Okay.
[02:07:59] Unknown:
I don't I don't have any control over individual channel volume.
[02:08:04] Unknown:
Okay. I didn't know. Alright. The only thing I have is control
[02:08:07] Unknown:
over the, the only thing I have is control over the the feed in and of itself.
[02:08:16] Unknown:
Oh, yeah. Okay. Slow. Alright. Thank you.
[02:08:20] Unknown:
Well, Paul, I think it's good looks and charming personality. That's how they break through.
[02:08:27] Unknown:
Yeah. I guess.
[02:08:29] Unknown:
Hey. Hey, Bruce. Paul's Yeah. Addressed it with the individual people that have been told loud, and they have not corrected themselves. So they need to be the ones to correct it by putting gauze over the phone or whatever. But they've been told plenty of times that they're and and it'll get through them one day way or another.
[02:08:55] Unknown:
Okay. Found when I turn the volume down, all I do is just turn the crackle down. My speaker is still suffering.
[02:09:07] Unknown:
And some of you are really low just like the fellow that was talking a second ago.
[02:09:12] Unknown:
It just goes to your head if you guess the earbuds on.
[02:09:16] Unknown:
That's because the crackle is that's because the crackle is coming from the FCC server to the FCC client. So if you turn it down, the crackle is still there because they're overdriving the input of FCC.
[02:09:36] Unknown:
Morning, Tom.
[02:09:40] Unknown:
Hell, yeah. They're clipping. A lot of them are clipping. It's so bad. It's ridiculous.
[02:09:45] Unknown:
Yep. And I try to keep an eye on it, but right now, I'm I'm really crippled. All I have is a mouse. My, my keyboard took a powder when it got dripped on by my ceiling. So
[02:10:05] Unknown:
Backup keyboard?
[02:10:08] Unknown:
Nope. No backup keyboard. I am, I am computing by osmosis.
[02:10:14] Unknown:
Sounds like there's a hole for a birthday present there.
[02:10:21] Unknown:
Yeah. Yeah. I guess I have a Yeah. Actually, I was I was gonna I was gonna suggest that, you know, anybody that wants to get me a a birthday present, they can go to the matrix docs and up in the upper left hand corner, go to the GoFundMe Radio Ranch support link. Send me a couple of dollars. Maybe I can get a keyboard.
[02:10:48] Unknown:
Hey. I have a question for Tom. Tom still there?
[02:10:54] Unknown:
Yes.
[02:10:56] Unknown:
So I have a family member who, got their identity stolen, and they opened a bank account, I guess, at a Walmart bank and bought a TV, you know, so she's got a thousand dollar or something, dang on her credit. How how would one do you handle that through the bank? Do you know anything about handling that problem?
[02:11:20] Unknown:
What you gotta do is you she has to she has to contest it at the credit bureau. Okay. Okay? So you gotta write to the credit bureau. You gotta file you gotta file a dispute at the credit bureau. Check all three.
[02:11:34] Unknown:
Yep.
[02:11:35] Unknown:
And, file a dispute and make them provide the evidence and then you can dispute it. Okay. Thank you. Walmart Walmart doesn't just you know, doesn't come back, and they have to remove it.
[02:11:46] Unknown:
I I gotcha. And is there, any website or anything that goes over that process?
[02:11:55] Unknown:
Just just go into, well, you can do a Google search. You know? Okay. Alright. Someone someone charged something. I'm using my identity. You can also I don't know if the CFPB is still going because I know that something happened with them, but you can file a complaint with the Consumer Financial Protection Bureau. And also, if the credit bureaus refuse to take it off, you can file a FCRA complaint, which is a Fair Credit Reporting Act complaint. And if they don't clear it up, you know, it's worth a thousand bucks. Because they're gonna have to prove that she did it. See?
Right. And if she didn't she didn't do it, where where was the where was the product purchased and sent to? It was a different anywhere near her? You know? There's a whole bunch of stuff. Yeah. It was it was out of state. Yeah. Okay. So, you know, that's that's fraud. Yeah. So they, you know and she disputed it with Walmart?
[02:13:06] Unknown:
I haven't gotten the full story from her yet. Okay. But she she but listen to this. She did have LifeLock. And if she called them and they wouldn't help with beans, I'm going, well, you know, it was advertised on Fox and Rush Limbaugh, I think, and just goes to show you
[02:13:24] Unknown:
or shows to go She had she had LifeLock and they didn't help.
[02:13:29] Unknown:
Nope. Ten years she paid. Wow. Ten ten years she paid them.
[02:13:36] Unknown:
That's, that's because they should they should have helped. They should have been able to help. You know? Well, then someone's fixing you with the with the whole thing. Comment. You know, LifeLock has a guarantee on it. So, you know, if they can't do it, then something Comment. You know, you need to get you need to get the whole story here. Yeah. Because there may be something else going on that you don't know. I understand. Did she let somebody else use her credit card or something or, you know, you know, something something you need to get to the bottom of it. But, have her just have her discover the credit bureau that they've reported it and filed and dispute it right there on the website.
[02:14:16] Unknown:
Yep. Okay. Alright. And and that, that, you talk talked about a federal RCA, RCA. Was that what that was again? The f
[02:14:28] Unknown:
the FCRA, the Fair Credit Reporting Act, that you would file if the credit you file a complaint with the credit bureau. If they don't fix it, then you file an FCRA complaint. Okay. And then, and then they have to, you know, then you get more court action out of it. So I gotcha. They're they're gonna have to prove that she actually did it. And if they can't, then they have to take it off. Most times, the credit bureau will take it off. Alright. You know? But Thank you so much. But how long how long ago how long ago was this? Twenty one.
Twenty twenty one? Yeah. And and she didn't do anything back then?
[02:15:10] Unknown:
Well, she she had a, husband that was she was taking care of dementia, so she was kinda sidetracked. Okay. She didn't but she didn't dispute it in any way, shape, or form back then? I don't know. I haven't gotten the full story. I guess she left it up the life lock, and that's that's that's the story I got.
[02:15:30] Unknown:
You know. Okay. Alright. Well, just tell her to if it's still on her credit if it's on her credit report, just file a dispute. Just come on the website and dispute it. It's really easy. Okay. Thank you. Appreciate it. Okay. Bye. Yep.
[02:15:44] Unknown:
And somebody was gonna make a comment on LifeLock. I'd love to hear it.
[02:15:49] Unknown:
Yeah. So LifeLock has a guarantee, but the guarantee is if they can't fix it or they don't fix it, they'll give you their money back. So the thousand dollars that she put in, that's about all she gets back, actually.
[02:16:04] Unknown:
Alright. Thank you. Yep.
[02:16:17] Unknown:
Even though they guarantee up to a million dollars.
[02:17:01] Unknown:
Did I hear Wayne on here earlier?
[02:17:11] Unknown:
Yes. But I think he's gone now.
[02:17:16] Unknown:
Okay. I thought I heard his name. Alright, folks. Y'all have a good day. Maybe see you tomorrow. Oh, I was gonna tell Roger that, well, I was told that Elon Musk changed his name on x to, Harry, h a r r y, last name, b a u l s. So I don't know if that's true, but that's somebody told me, while it I meant to tell Roger. Somebody was talking about BB.
[02:18:03] Unknown:
Uh-oh.
[02:18:04] Unknown:
Y'all y'all have a good one. Sorry. You guys.
[02:18:16] Unknown:
Y'all.
This Mirror Stream is brought to you in part by mymymyboost.com for support of the mitochondria like never before. A body trying to function with sluggish mitochondria is kinda like running an engine that's low on oil. It's not gonna work very well. It's also brought to you by Fatphix, p h a t p h I x, dot com. Visceral fat is weighing your body down. It's causing sluggish response of your organs, and it's gotta go. It's gotta go. It's gotta get rid of it. You just gotta. And, also, iTera Planet for the terahertz frequency wand by Preif International. That's iTeroplanet.com.
Thank you, and welcome to the program. Forward moving and focused on freedom. You're listening to the Global Voice Radio Network.
[00:01:32] Unknown:
Well, the world's changing without us, but we're certainly trying to add our part here. Put our shoulders to the wheel, if you will. Tuesday edition, Radio Ranch. Roger Sales, your host here. And it's the February 11, almost halfway through the short month. And, oh, that means the fourteenth is this week, Tuesday Wednesday, Thursday, Friday night. Three days this week. Sure. Get get your reservations in early because, otherwise, you won't be finding us a dinner table that's open.
[00:02:06] Unknown:
Dude, if you don't have them now, you ain't getting them.
[00:02:09] Unknown:
I'm sorry. Well, that very well may be true. Or the Democrats may have screwed up enough good relationships that the restaurant's empty. Who knows? Anyway, it's the February 11, the short month, and, we have a number of folks and organizations that help us boost our message, our listenership, and our reach. And and, two balls meaner is the one that big balls meaner, excuse me, is the one that, keeps the keeper of that, and so we're gonna let him do you bring the do you come out with a wheelbarrow in front of you or what there, Paul?
[00:02:48] Unknown:
Of course. But but luckily, Andy sent me a, sent me a YouTube short of a guy that, mounted a motorcycle engine on a wheelbarrow, and, I want one of them.
[00:03:06] Unknown:
Cool.
[00:03:07] Unknown:
Yeah. It just kick started and and,
[00:03:11] Unknown:
Oh, no. It's gotta be electric. No. It's gotta be electric. It's gotta be electric.
[00:03:16] Unknown:
No. No. No. Electric? We don't need no stinking electric. Anyways one. Alright. Alright. I am I am still getting rained on, but, luckily, the the the damage has been minimal. It's only cost me a keyboard so far, so cross fingers. Alright. Let's do this. We are on RadioSoapbox.com. We're we're on there for the first hour Tuesday through Friday. We're also on one zero six point nine WVOU FM in Chicago, Monday through Friday for the first hour. Our flagship station is EuroFolkRadio.com. Thanks to pastor Eli James, and we're on Global Voice Radio Network. Those links as well as the links to free conference calls so you can join us live on the show are on the matrixdocs.com.
The matrix, d 0 c s, Com.
[00:04:23] Unknown:
Mhmm. Also,
[00:04:25] Unknown:
the net family of broadcast services, through WDRN production sport, Collins, Colorado, brings us homenetwork.TV, freedom nation TV, go live TV, and stream life.tube, and they also brought us WBOU FM. So we appreciate them a great deal for that. Uh-huh.
[00:04:48] Unknown:
A full compliment today.
[00:04:51] Unknown:
Full compliment. Yep. We're literally everywhere.
[00:04:55] Unknown:
Well, say hello to our Brett friends. Hope there's some of them listening over there. We love you. Sorry you're going through all that stormers crap. Paul, evidently, there's a crisis in the country among, liberals who are seeking out psychiatrists to go and counsel with because they're just so stressed and upset about the things that are happening. Right? I mean, this is this is true. Really? From what's what I hear. That's funny. And it's done. So there was a cartoon that somebody put out, and one of them in in the psychiatrist's office.
You know? And they're over there on the couch, and the psychiatrist behind the desk. And the the caption is, so did big balls really touch you?
[00:05:44] Unknown:
What? Oh, it's just a joy to see that. A new name. I needed it. But, hey, if you're coming out with bad crap, I need a new name.
[00:05:53] Unknown:
I gave you one yesterday. What's the problem?
[00:05:56] Unknown:
Yeah. Well, sign in Three b. No. No. No. No. I'm with three b. Okay. Maybe three b, but but no. Big ball's touching people.
[00:06:06] Unknown:
Pretty soon, we're gonna have the new guy, Paul, from Louisville. And and and Paul English is gonna be here, and you're gonna be here, and and maybe another Paul show up. Hell, it's such a common name around here. You never know. We gotta have some way to designate you a different without using, you know, your full name and stuff. Anyway, that's what it is. It's if maybe it'll stick. We'll we'll see. So good morning, everybody.
[00:06:33] Unknown:
Maybe not. Maybe. Maybe. We'll see. Maybe I'll think of something new something different.
[00:06:37] Unknown:
You'll think of something more clever.
[00:06:40] Unknown:
We have done Baldrige, and we've done Baldrige. Baldridge
[00:06:45] Unknown:
is good.
[00:06:46] Unknown:
Maybe we just have to go back to that. Well, how about big Baldrige? Roger. I don't know. I think I think we're getting into a creepy area here, right? Would you think we're off in the weeds here? Yeah, Larry. It comes right back to the road. We're so far off in the weeds, we can't even see the road.
[00:07:07] Unknown:
Yeah. If you wanna consider him the second Paul, maybe a good nickname would be BB.
[00:07:14] Unknown:
I wouldn't I would hate to to curse Paul with that name. Any anything that is similar to that piece of garbage that's over there running, Satan sandbox for way too long. I mean, he's been over there in and out pretty much, but on mostly for about twenty years. And, the world's pretty well sick of him. So, anyway but alright. Good suggestion, Larry. We'll entertain it. Right. Now yesterday No. Yes. Uh-huh.
[00:07:47] Unknown:
No. Yeah. The only thing I want from BB is this bank account. That's it. Well, there was That's all. There was BB Rebozo,
[00:07:55] Unknown:
so he could be Well, right.
[00:07:57] Unknown:
He was Nixon's big buddy. Yeah. Bebe Rebozo was, Nixon's big buddy, if I remember correctly.
[00:08:05] Unknown:
There's Yes. And there was Rocky Balboa too.
[00:08:10] Unknown:
Yeah. He was, he was, Sylvester Stallone's big buddy, wasn't he?
[00:08:15] Unknown:
Yeah. RB. I'd be an RB before I'd be a BB.
[00:08:20] Unknown:
Okay. Well, anyway, we'll call him something and more more than likely he's gonna answer. So because we pay him the big bucks to do that sort of thing. Yesterday at the end of the show, Jesse, Garcia, I believe, out in New Mexico was asking about gold and silver, and, I think the show was over. And I gave him a little example of my personal holdings, and I think that got his attention. Jesse, are you with us this morning? Well, now see, he's not even with us or maybe he hadn't been able to hit his mute yet. Regardless, that's a pretty topical subject, and, the tea leaves are shaping up to something real, serious happening. They're gonna I'm here.
Okay. There you are, Jesse. Okay, man. Good good you're there. I'm gonna cover this again, but I gave you an example yesterday of, you know, this is just another one of their illusions. This paper stuff that we call money, there's another one of these equivocation situations, is not money. It's debt. It's all it's only monetized. That's the Federal Reserve word from one of their booklets. Money is only monetized, or it only becomes money, if you will, when someone takes out a loan. Okay? All currency is loaned into circulation.
Coins are spent into circulation with no interest.
[00:09:49] Unknown:
Mhmm.
[00:09:50] Unknown:
So all of the circulating currency, whether it's a digit in your bank account or an actual bill in your pocket, has been loaned into circulation. Now with that action, of course, comes collateralization and compound interest. So whenever there's a loan, and you can correct me if I'm wrong here, Jesse, but every time a banker makes a loan, there's interest compound on one side and collateralized on the other. K? Now then there's credit cards. Credit cards are very interesting. And when you we've, discussed this before. I don't know that they've come into the picture, but that's unsecured credit. In other words, you can get out of it. Okay? There's nothing really pledged against whatever you run up and don't pay on that credit card. But just remember that every time you use it, you're creating money also.
K? Except the interest is 26% APR if you don't pay it off in the first month. And, it can get pretty heavy on the interest side. So that's another interesting aspect. Are you all of us using making money when we use our credit cards because that currency you just purchased was not in existence before you purchased the item. Excuse me. My stomach is gonna pick up here. Yes, sir. Paul, please.
[00:11:18] Unknown:
Do you know what actually takes longer to pay off than a home mortgage?
[00:11:24] Unknown:
Well, it could be a credit card with some of these people.
[00:11:27] Unknown:
Absolutely. It's credit card debt. If you charge a thousand dollars on a credit card and you make the minimum payment, it will take thirty one years to pay that off.
[00:11:38] Unknown:
Right. Well and, we hit we hit this is about, I don't know, a year ago maybe. We hit a trillion dollars in credit card owing for the first time. So there's a there's a balance of over a a trillion dollars outstanding in people's credit cards. And, they charge, 26 to, I think, 28, percent APR. Now that's usury. That's big usury right there. And, they, of what they take in, because I heard the guy that ran Mastercard, I think, interviewed, and they asked him how much of that is profit. 50%. K? They said that's what they said. Anyway, but that's another aspect of it. So you got this funny money floating around, Jesse, that has to be loaned into circulation.
It's if you look at the top of a bill, of course, it says Federal Reserve note, and, that's a private bank note. And the word note, whenever it's used in any legal situation, is always a promissory note. So on the front of the bill at the top, Federal Reserve note where it says that, there's a promise to pay. And then there's another thing says this bill is legal tender for all debts private and public. Well, that's how they get you to use it because what that means is it's usable for paying of taxes where all of the states, constitutions say that only gold and silver will be eligible for payment of taxes.
That's what Tupper Saucy wrote his book, Miracle on Main Street about. K? They got him in so much trouble with these bastards so many years ago. So, anyway, all money is loaned into circulation. Coins are spent into circulation. So the problem they've got, if all the outstanding loans were ever paid off, there'd be no currency circulating because there's more of a debt in the open let's just call it the open monetary system of the circulating currency worldwide, I guess. There's more of that circulating than, that that can't be paid off the debt because of this compound interest that is attached to the money and the when it's monetized.
God, it's a that's a hard one to get around to because they've got us all totally conditioned to call that stuff money, and it's not. It's debt. Okay? So when they put that debt out there in circulation, that compound interest be at 28% or whatever you agreed to on a reasonable loan, that is where they make money out of thin air. They don't make money out of thin air loaning it into circulation compound interest there where that continues to compound on itself, where the debt becomes unpayable. Because that money that's compounding on itself was never loaned into existence.
There's the snag right there. Okay? So, that's the way it is. Now, Jesse, they don't want us going to gold and silver or Bitcoin or anything else that's real because it doesn't fit into this little paradigm of theirs with this compound interest attached. You know, the saying when you bring up gold years ago on Wall Street, they go, well, gold doesn't pay any interest. That's true. Well, maybe not. There's one instance that I learned of last night that this current, but we'll go into this. They say gold doesn't pay any interest. Okay. Well, that's okay. You know, I've held some for about twenty years. And, since the turn of the century, gold has been the highest performing asset in the world, period.
Over twenty years. Okay? So I don't have to have interest paid to me when I've got something that's real that is gaining in value as opposed to the paper that's losing value. Okay? So the way they control this, Jesse, in audience, we've covered this before, but it's very topical information. The way they control this is the way they control everything else that's in the futures market. See, you look what we normally do around here normally, talking about your freedom and stuff. Well, all they're doing to support this whole bogus worldwide financial system is they're taking your future labor and and and running out, taking the birth certificate, attaching you as collateral to the birth certificate, and they're just making a loan to somebody out there on the world, whether it's one of themselves or some big insurance, company or some big investor or whatever.
They're just just kind of a little different, but they're still using the futures market. K. So this is how they've controlled gold and silver for all these years is using the futures market. They love the futures market. If you control the future, I guess you control the present, don't you? Three b? Yeah. I'll answer for him. Yeah. Yeah.
[00:17:00] Unknown:
I
[00:17:01] Unknown:
I So in the in the twenty four hour scheme, there's a the the Rothchilds were the first that that perfected this, I don't know when, long time ago, called arbitrage. And and what they do, I don't know how they did it before we had all this modern communications, but as the clock rolled around the the the world, you know, they would take an, a time zone, and they'd move their funds to the next time zone. And they get interest on every one of these time zones. They're playing arbitrage. Okay? Sorry for the jet passing over. But that is basically what they're doing here. K?
And so what they do is they find a thirty there's a thirty minute lull time when there's no metals markets open in the world. And that's after the Western or US markets close and before the oriental markets open. There's a thirty minute dead time in there. And what they will do is they come conger up conjure up what's called naked shorts. Jesse, do you know what you know what shorting the market means?
[00:18:19] Unknown:
No.
[00:18:21] Unknown:
Okay. Well, on the stock market, you can go long or go short. In other words, I can bet that this stock's gonna rise in the future, or I can place a bet called a put, or I can bet that the market's gonna go down. And so I can play either side of that up or down. Okay? But in order to legitimately do a what's called a short, this goes back to the big the big movie from 02/2008, The Big Short. K? If it's a short or you're betting that the market's gonna go down, by the rules, you're supposed to have the stock in your hand. So you gotta go find somebody with the stock you wanna short and get that certificate from them, and then you holding the certificate can legitimately short to market. But these guys, because they control all these systems, well, they don't do that. They just conjure up all these shorts to the tune of, well, let's just say silver.
They make might take I forgot how much is mined in a year in the world on silver, which, whatever it is, they'll take half of that. Let's say there's 3,000 tons mined in a year of silver. There's a lot more than that, but let's just use that for our example here. Well, if there's three tons mined annually, they'll take a ton and a half. And in that thirty minutes there between markets, they'll dump all that in a short that they do not have the stock for. Okay? But regardless, they dump it in the market, and because the markets are closed, there's no buyers. And so when the markets open in China, all these shorts control the market price and it drives the price silver down.
There's nobody to buy it and buy it back up. Okay? And that's how they knock it down, and you'll see it if you follow it and follow Kitco and follow these charts and stuff. You'll see it regularly happen at about the same time, but that's how they've been suppressing the price of gold and silver. Okay? Both. And probably others too. It's just a technique they use, and what we've come to understand is once they find something that works, they just use it over and over and over again because it's always worked. So they're kind of relegated to their own success, if you will. And should something change and they've got to go back and do that again, they go back and do it the same way, but it not might not work the same way it did before.
Kinda like president Trump getting elected here a couple of months ago. Kinda same thing. K? So here's the difference between gold and silver. It's very important to understand these things. The average ratio of mined metals per year is about a ratio of 15 to one. In other words, they're they're mining 15 times more silver than they are of gold, even though silver is a much smaller market. Okay? And silver has an aspect to it that gold doesn't have, which is because it's comparatively so so cheap. You know, silver is about $30. Gold is about 3,000. Well, if you're using the reason they use silver or gold is because they're wonderful electrical conductors. But they're not gonna go out and pay $3,000 for, an ounce of gold when they can get an ounce of silver for 30. And silver may be a little bit better conductor. Don't know for sure. But anyway, that's what his main applications are not for you to hold in your drawer. The main applications are for manufacturing and things like, weapons.
There's 33 kilos, kilos, I believe, of silver in every cruise missile. You know, Jesse, you see him firing all these missiles and stuff. Every time one of those goes off, a number of kilos of silver becomes irretrievable. It's used in the aerospace industry. It's used in all kinds, obviously, electrical stuff. You're everything we're talking on and you're listening on right now has got silver in it as a conductor. They've recently, started using it not recently. They've been using it for all the solar panels. All the solar panels in the world are based on silver. If you go into this green stuff where we're going into green energy, solar is a a component of it. So it's used there. Now the big deal was here in the last year, I believe it's Samsung has perfected a new use of silver in the lithium batteries.
I haven't heard anybody but Kirk Elliott talking about this, and it's amazing to me. This is one of those little tidbits that gives you big vision. Okay? Now what they've done, Jesse, if you've got an electric car out there, it's got some real limitations. They don't tell you about them necessarily, but people that buy them find out real quick that they can only go 400 miles without recharging. Sometimes that recharging can take twelve plus hours. Okay? They don't work in cold weather at all. And they're and and like I said, they're very difficult to recharge because it takes a long time with most of them. Okay. So Samsung has come out with this new lithium battery technology where they add silver into the components somehow to the tune of a car battery. It's a kilo per car battery.
That's 2.2 pounds. Okay? So 2.2 pounds go into this new silver battery. We'll start probably start seeing them show up within, by maybe a year or two now. I just announced it a few months back. So here's the differences. Instead of 400 miles, your car will go 600 miles. So you get 50% more distance out of it. It works in the winter. K? Yet the silver that's in the battery is somewhat retrievable. I don't know to what percentage, but it can be retrieved, which is even better. The batteries, instead of lasting four years, last twenty years. And those batteries for those electric cars are really expensive, folks. K?
So they last twenty years instead of four years. It can be used in the winter. And this is the big part of it, Jesse. They recharge in nine minutes. So here's a technology that's coming along. Nobody's talking about it. You know, Kirk Elliott talked about it. I already mentioned that he goes in and checks out all these technical areas other than the metals markets. And he found this story in a technical journal on cars. Okay? So, the difference that's a game changer right there. But I believe they said if current production, numbers worked, that for the amount of cars that are being manufactured that are electric cars, for them to put a kilo of silver in every car battery would take up 67% of the world's annual production of silver.
K. I just painted you a picture. I showed you all these shortages, all these places it's used, all this kind of stuff. And if that technology were put into effect today, 67% of the world's silver is gone. Was that you, Larry?
[00:26:10] Unknown:
No. This is Sheldon. I just ran your numbers. For each missile, if we paid $30 per, ounce, each missile evaporates $31,680 of silver.
[00:26:25] Unknown:
Oh, yeah. K. And and so but what these big companies do that depend on this as a manufacturing component is they buy silver in the four in the free futures market. Well, they want us to look ahead and see what production is gonna be in six months or a year, and they reach out and grab huge futures numbers. I hell, we're gonna buy this many tons of silver at this price right now for six months from now. So we'll be sure and have the components we need to manufacture. So all of the big users are on that formula right there. So here's the big problem they've got. If silver spikes, if they allow silver to spike from, well, let's say it goes from 30 to 60 overnight, then the futures prices are gonna go berserkle because now all the consumers are trying to buy what little is out there. Okay?
And they've got to have these big amounts of silver for these manufacturing outfits. So silver leads gold. Okay? It's always when it spikes, silver will probably spike first. It's a smaller market than the gold market. And so that's why they emphasize control on silver. Okay? Because it because it leads gold. It's a precursor to all this economic activity going south and to try and do something where they can keep it down where it doesn't send an alert through all these manufacturing outfits where they go, we gotta buy as much as we can lay our hands on, and now the price from them and their activity skyrockets. Okay?
So it's a really precarious little situation with silver. It's in this total void somewhere, and it's still relatively cheap. You know, silver was called poor man's gold. And and we had the advantage of having a you live in New Mexico down in Carlsbad there, Jesse. But up north of you in Nevada, by the Sierra Madres, I guess, whatever mountain range is there between them and California. Back in the eighteen hundreds, they found the largest load of silver ever discovered in the world, and that's called the Comstock load. And that's why we were on for the late eighteen hundreds, and we had all this silver for all this coinage up to the nineteen hundreds, was the was the Comstock load.
K? So, that's it hadn't totally petered out. They're starting to go in and find out how to get silver they couldn't extract later. It's a kind of an unusual silver because it's like mud. It's not like getting a vein of silver or vein of gold. It's in this mud somehow. They gotta go through, some sort of a process to extract it. But that's the reason we were so rich in silver for, for a long time with this Comstock load. Okay? And, that's why you want gold and silver as if you wanna use metals as a as a basis for your currency. You wanna buy metallic. You want gold and silver. Silver is called poor man's gold. And and and we mentioned it the other day, the the famous speech of, Brian, William William Jennings. Brian was running for president back around the nineteen hundreds, and his his fame is one of the lawyers in the Scopes monkey trial, by the way. And, William Jennings Bryan had that famous speech, do not crucify me on this cross of gold. What's he saying? We don't want a one metal standard because then they can control that one metal, and then we're screwed again. Okay? We want this bimetallic standard of silver and gold. They've tried to take silver out of, circulation back.
The go look up if you wanna read about this, you can go back to look up the crime of '73. Have you ever heard of that, Paul? We've talked about it on here before. The crime of '73.
[00:30:25] Unknown:
No. No. I never heard of it.
[00:30:28] Unknown:
Well, they were trying to just get us on a gold standard. That's $18.73, by the way. And what they did was they passed a piece of legislation. And between when the legislation was passed and when it was put in statute book, they changed one word, and it took silver off the market. K? Crime of '73. You can go read about it. Now the information that I heard Kirk Elliott go over last night is extremely important. One of the main holders of gold in the world is the London Bullion Market Exchange. They are now sending gold. All the free gold that was on deposit there has been sent to New York or is in the process of it right now.
To the point that the London Bullion Market Exchange got a hold of customers, and Kirk Elliott sat on a conference call with the with these people Monday on this. And he's telling us yesterday, you know, with Alex. They went back to people that had gold in storage at the LBMA, Paul. That Yeah. It's their goal, but the LBMA is holding it for them. And they said if you'll loan us this gold, we'll pay you 16% interest per month on
[00:31:56] Unknown:
it. Hey, Roger. Before you get too far past that crime of '73, can I ask a question?
[00:32:03] Unknown:
Well, I guess so, Dave.
[00:32:06] Unknown:
So 1873. So didn't Nixon do something in 1973,
[00:32:12] Unknown:
a hundred years later with our Well, he closed the goal. He closed the goal he closed the goal window, but it didn't have anything to do with that. That was April fifteenth of nineteen seventy. Coincidental, though, a hundred years to the day almost. Well, it could be. Could be. So that which just goes to show you they've been screwing with the monetary system ever since we founded the damn country, trying to get their greedy ass hands on it. Right. Okay? So, anyway, the important thing is what I just said there a minute ago. Remember the old thing? Our gold doesn't pay interest.
Gold's paying interest now, at least at the London Bullion Market Exchange. If you're a private holder of gold you've got in there, if you will loan that gold to them so it can be shipped to New York, because that's where it's all going, evidently, They'll pay you 16% per month. Sixteen percent per month? Something's going on. Something's going on.
[00:33:18] Unknown:
Okay? And the speculation 16% per month in fiat dollars?
[00:33:25] Unknown:
Yes. Yes.
[00:33:26] Unknown:
Yeah. Yes. Okay.
[00:33:28] Unknown:
But Gold's never paid interest before. Now, it's paying 16%. I'm trying trying the point I'm trying to get across to you here is something's going on. Okay? And the speculation that they were talking about was that Trump is gonna revise our monetary supply and possibly back part of it by gold. That's speculation. But why else would they be doing this? Why else would they be taking all the the gold that they possess at the LBMA, shipping it to New York, and offering people that are storing their gold 16% interest per month if they'll let them loan that to them and send it to New York? Well, what's go why is all this gold going to New York?
Something's going on. K?
[00:34:28] Unknown:
I think that's the that's gonna be the repository for the aliens to come get it.
[00:34:34] Unknown:
Because they didn't get it. Which aliens? Yeah. Space aliens are from Guatemala.
[00:34:41] Unknown:
No. Space aliens. Because they need gold to be able to breathe on their home planet.
[00:34:46] Unknown:
Yeah. White hats are talking about this planet. Okay. Alright. Well, let me reel him back in here, and we'll try and get back to reality.
[00:34:55] Unknown:
But they have to be holding the the gold.
[00:34:59] Unknown:
Pardon me, Jesse? The
[00:35:01] Unknown:
the banks have to be holding the gold so they could be loaned out to the banks?
[00:35:09] Unknown:
They don't no. No. They usually gold banks hate gold until a couple of years ago, and I can go into the basal three cords and all that if you've missed that on the show previously. We've talked about it. But, there's something very unusual. This is very unusual activity. Okay? On several fronts. So that's what they're doing. I'm just telling you there's something coming. Okay? And so, what, what they did here a number of years ago, Jesse, there's a Jesse, do you know what the BIS is? Bank of International Settlements? Okay. Well, it's something that was founded in the thirties. It's called the Bankers Bank.
It it its customers are all the central banks in the world with the exception of a couple. They control all the futures markets, all the commodity markets, all the stock markets. All of those are also under their control all over the whole globe. It's the it's the head bunch for the world economic culture and and structure. Okay? And so banks have three tiers of assets, tier one, tier two, and tier three. On the differences are that a tier one asset, cash, bonds, stocks, etcetera, are highly, highly liquid. And so they will take whatever you've got that qualifies as a tier one asset, and they'll value it, And they'll allow you to take that value from the group and extend it over to your balance sheet where the bank shows that much in assets.
%. You got a thousand dollars in there, they carry over a thousand dollars to your balance sheet. K? The second tier of assets are a little less liquid, and they would allow you to carry fifth 75% of their face value over to the balance sheet. The third tier three asset is a 50% carryover. So whatever is in that tier that qualifies gets 50% of its value carried over to the balance sheet. Since '19 the the BIS was founded in the thirties. McFadden has a whole speech on it in that collective speeches of William t McFadden. He's got a whole speech on the founding of the BIS. K? You wanna go read the background from a banker's point of view.
But what they did in, I think it was twenty fourteen, fifteen, somewhere around in there, is they had a get together called the BASIL. That's where this BIS is, Basel, Switzerland. It also, by the way, is on its own sovereign territory. Swiss police can't go in there. They can't serve papers on anybody in there. They've got their own passports. They're their own country. Basel, Switzerland. Bank Of International Settlements. And so, what they did in this Basel Three Accord was they moved gold, which had been a type three asset, tier three. So if you had a million dollars worth of gold, you could only carry a half a million over to your balance sheet and value.
Well, they changed that and moved gold for the very first time since the founding of the Bank of International Settlements. There's another one of those. I'm telling you. There's something going on here. Okay? And they moved gold from a tier three asset, a 50% carryover, to a tier one asset where the banks could carry a % of gold over. And for the last ten years, banks have been buying gold handover fist. They're still doing it. Okay? And that with this other information about the London Bullion Market Exchange, folks, there's something happening. Now they had an interview with a fellow. He was a Dutch guy back in the nineties who had been the head of the Bank of International Settlements.
And he had retired, and he was talking about this. And he was saying that they're gonna do it. They're gonna change gold to a tier one asset, and then banks are gonna acquire it. That's one another reason they're suppressing the price in this futures thing. In that thirty minute window, they suppress silver. And when they suppress silver, it automatically works with gold too and suppresses it. They don't want you wanting this stuff because there's only a limited amount of it, and it's real. Okay? It's not paper fiat currency that's issued by because you're the collateral for it in your taxes.
So that's going on. This ex president said yes. At some day, when this goes upside down, because they know this paper deal is destined to fail. Okay? And the way it's failing right now. Okay? And they said, then banks can go ahead and raise they can lose all the paper losses they're gonna lose on all the bogus paper. And now they've got all this gold sitting there that they're gonna revalue at some real high price. And that high price, when it's revalued, will make up for the losses on the paper that the bank went bankruptcy. K?
So this is another element that's coming. Don't know when, but it ain't far. I don't believe now. So what's gonna happen in essence is they're probably gonna close the banks for a couple of days like they did in '33. And, when they reopen the price of gold, well, there's no telling what it can be. You know, I'm I I mentioned yesterday, Wayne was on here talking about Andy Scheckman. Thank you for sending me that, by the way, Wayne. About Andy Scheckman and all these these the the different projections. Well, I heard Jim Sinclair, who was a knew where all the skeletons were buried. K. He's dead now.
I heard used to be one of them converted after they tried to kill him. They killed his wife, but he wasn't on the plane. Okay? And so he turned and his the the the the real metric on the price of gold, what it should be, is to take all the paper currency that's out there, whatever value that is, and come back to how much gold is is available or in the world and give a ratio between those two. There's there's all these mountains of paper, but there's only this little little hill of gold. Well, what's the price gonna be? Well, I can tell you what Shekman said. Not Shekman, Sinclair.
He said, we don't have any idea how much paper's out there, but my estimate is if it was accurately counted and compared on this comparison, the gold would be about a 85,000 amounts. That's Jim Sinclair. That's not me. I'm just repeating what he said publicly. K? So right now, it's 3,000. So, Jesse, would you like to put 3,000 in and get a hundred and 85,000 back? Yes. I'm assume. I'm assuming that you would. Well, it depends on where you wanna buy it. But all you gotta do is is go find some people that have you know, right now, silver silver may be the best of the two. I heard, Pete, Elliot say yesterday, since Trump's got in and all this has happened and that the ratio has gone up to about 90 to one.
You know, I said there's traditionally, the ratio is 15 to one. 15 ounces of silver for every one ounce of gold that's brought out of the ground. Well, now the prices are so skewed that that ratio is 90 to one. It takes 90 ounces of silver to buy one ounce of gold. Okay? So what some people do is they buy silver, and this is what Pete, Elliot's doing. Kirk Elliot, he's one of the best in the country. He's the biggest silver dealer in the country evidently. He buys silver for you at base metal price. In other words, whatever the spot is, and they charge 8%, and they only charge 8% on the buy.
When you go back, if you need to sell it, you can go back to them and sell it, and they don't charge you any commission like most dealers would. Now, you can take that silver you purchased from Kirk. I'm just using this as an example. I use a number of good dealers out there. But he does this as part of their program is to play this ratio, that 90 to one. And so because that shows you that silver is very undervalued and that gold is is the benefactor of that. So what's gonna happen is all these forces on silver start to come into play is that ratio is gonna go down because the price of silver is gonna go up. Okay? So what he has is a system where you can buy silver on that ratio plan and then and they'll advise you on this from what I've heard him say. And then as that ratio goes down to, like, 40 to one, then that means your silver has become very overvalued.
And what you do is you sell the silver at that price, and you go over and buy gold. And you'll get more gold that way than you would have if you'd have bought gold when it was 90 to one on a ratio. Okay? And they keep it in the Texas bullion depository. And you can even get a credit card or debit card tied to that. Okay? So that's p Kirk Elliott, k e p m. Kirk Elliott precious metals dot com, and you can get a hold of them that way. Miles Franklin is another very reputable. Andy Schechtman is the guy that's been running that. Started it with his father when he's a teenager. Very, very successful.
You Miles Franklin is the name of that company. There's another one called Noble Gold out there. There's a lot of people that sell, metals, but you just wanna get into one that knows what they're doing. It's not gonna try and sell you what's called numismatic gold or silver, which are collectibles, because you'll probably never get your money back out of that. Okay? But, there's a couple of places you can go, Jesse, and ask the people there. They'll bend over backwards to help you. Okay? And, like I said, I know Kirk because he's on Alex quite a bit. He's a sponsor of Alex. He charges 8% on the front end, which is not unusual or out of line at all. They do all this stuff for you. And should you need to sell it back at some point, they'll buy it back with no commission.
Okay? So, that's in a nutshell a little bit about precious metals in the markets and where we are. And, it's very close to something happening. You know? We know our enemies, they they can't do much against Trump, can they? Three b, they don't seem to be too much having too much, to do about Trump except go in and find a crooked judge who write some sort of an order trying to halt all this. Never reference any law or any facts really that are that are appropriate. So there that's about the only thing they've got left. He's doing everything strictly constitutional. He's going in and slit in their juggler vein at every every turn, and they can't do anything about it as evidenced by the fact he's been in office twenty two days today.
Have you heard these guys squeaking very much? I mean, you hear some comments. You don't hear them yelling and squalling, do you? No. They just sit back there like they're in Blitzkrieg shock land.
[00:47:48] Unknown:
Oh, no. They're
[00:47:49] Unknown:
the the gems are freaking out about The US That's what I'm saying. Thing. Of course. And that's only 1%. That's only 1% of the whole budget is USAID. He's got the Pentagon to go through. He's been losing trillions for years. He's got ATF and all these other stupid a Department of Education. He and there's no telling how much those agencies have been flipping out. You know, I was listening, this morning to Harrison as I'm prone to do, and he was talking to this editor from Central Florida Magazine. He's got a lot of very damning information. Do you know, Paul, how many g what, gov nongovernment organizations, NGOs?
Do you know how many NGOs the Pritzker's own? Take a wild guess. No clue.
[00:48:38] Unknown:
No clue. 65.
[00:48:42] Unknown:
The
[00:48:45] Unknown:
Pritzker
[00:48:48] Unknown:
family
[00:48:55] Unknown:
alone owns. And it's his brother who's one of these screaming, trannies that's per that's pumping that system all over the world. Pritzker's brother, the governor of Illinois. Okay. So So Robert you've got extra hold on. If you've got extra Federal Reserve notes laying around and you'd like to see something in the future, man, get get into something solid. You know, I was telling back I heard years ago, I think, from Mike Malloy back in the Weimar Republic in the twenties with the inflation of the, Deutsche Mark that the embassy when you're when you live in a foreign country, the embassy wants you to register with them. So in case they need to get you information that's pertinent, they can get it to you.
I've never done that since I've been gone, but that's what a lot of people do. And back in the Weimar Republic, the German embassy, as they were going into hyperinflation, sent out a telegram to all the Americans. It said, two words, buy things. Buy things. Well, in this case, you can go get some apples or something that might rot or you can go get some gold and a silver. Let me tell you another story I heard. Was a guy, you know, Germany's got all those real good international spas, Baden Baden and all that stuff where the wealthy go. Yeah. I guess even the non wealthy occasionally.
Anyway, it was in that period of time, the twenties, probably early on in that sequence, and a guy was a, a bellhop there at the, one of the spas and he had a regular customer, very wealthy, and they tipped him a gold coin. And so he went home and put it in his drawer and forgot about it. And then the hyperinflation came and he got found the gold coin. He went back and bought the damn hotel with the gold coin. Okay? So that's the kind of upside you're looking at here. And with this one, because it's the biggest debt that's ever been accumulated in the history of the planet, when they go to unwind this, folks, the prices of anything that's solid is gonna be through the roof.
Just like Jim Sinclair said, a hundred and $85,000 for an ounce of gold. That's his speculation. May not be that high, but anywhere approaching that. You know? So, anyway, Jesse, that that all really is for you and the rest of the audience if you don't know much about this stuff. It's very important. And, you've got a little inside knowledge now, and some insight that, well, not a lot of people have percentage wise in the country or the world. And, you you would do yourself very well if you could go by. And right now, it's probably still silvers to play. Because here's one another reason. 30 what what's silver? $30.30 bucks an ounce, basically?
Okay. Well, it only takes $30 for silver to double. 30 to 60, but it takes 3,000 for gold to double. Yep. K. So silver is probably the play. I would suggest that you get as small if you can find it, you get a small, a coin or whatever component they've got, the smallest you can get. You you you wanna try and stay away from hundred ounce bars and the thousand ounce bars and all that because should you have to use it, nobody's gonna change for you. So you want the smallest. And I would say really that the best if you can find any of them, and I'd be shocked if you can, but there may be some of what they call junk silver.
Because in our coinage, dimes and quarters, or is it quarters? No. It's dimes, quarters, and a half pre 64 and before 1964 and before, those were 90% silver. And they used to they call it junk silver. Mhmm. And, some of it's worn and whatnot. You buy a half bag or a bag on the amount of silver that's in there. And, used to you didn't even have to pay a premium on it. Now you do because it's very scarce. But that is real silver in our money, And people may be a little bit more inclined to take that than, quarter of a silver round or something they can't really verify. So that's another play, junk silver, whatever it is, dime. Comment.
Yeah. Just a second. Or small amounts. Because if you're gonna use it to have to trade or to barter, you wanna be able to use something small where there isn't change required, or if there is, the change can work in there somehow and be recognized. Yes, sir. Who's the comment there?
[00:54:08] Unknown:
Hey, Roger. Tom. I was listening to, hey, buddy. How are you?
[00:54:14] Unknown:
Alright.
[00:54:16] Unknown:
Yeah. I was listening to, what was it? Liberty, what you call it? The you mentioned their name. I'm trying to remember who they were.
[00:54:25] Unknown:
Miles Franklin? No.
[00:54:27] Unknown:
The other you know, the the father with the two sons,
[00:54:33] Unknown:
that was I think Shekman was only one son, so I don't know. I I don't know if I mentioned that or not. Noble Gold, that one's the only three I mentioned.
[00:54:43] Unknown:
Liberty and Finance.
[00:54:46] Unknown:
Yeah. Liberty and finance. Who's that, Wayne? Think of the yeah. Wayne, who's that? You mentioned them.
[00:54:52] Unknown:
Halter? Excuse me?
[00:54:55] Unknown:
Who is No. This guy,
[00:54:58] Unknown:
I think his name is Donegan, and he does
[00:55:01] Unknown:
a a podcast at home. Yeah. Yeah. Yeah. Yeah. Oh, yeah. Yeah. Yeah. Yeah. Yeah. Shetman's always on with him. Yeah. You mentioned them. Well, they're You mentioned them. I'm sure there was I was listening to their I was listening to their show last night, and, they're saying that, junk is still got the the the smallest premium that they've, had in a long, long time.
[00:55:21] Unknown:
So if you're interested in, the So they've got some But they've got some Liberty and Finance? They said, like, Yeah. For the audience a dollar 65
[00:55:32] Unknown:
dollar 60 5.
[00:55:33] Unknown:
Alright. Hold on. Who's the who's the done again at Liber at what's the name of this company? Liberty and Finance?
[00:55:43] Unknown:
I'm trying to find it.
[00:55:46] Unknown:
Wayne, you're asking me.
[00:55:48] Unknown:
Okay. Liberty and finance dot
[00:55:50] Unknown:
okay. I just go to YouTube and and plug in Liberty and Finance.
[00:55:55] Unknown:
Okay. Thank you, Wayne. Oh, yeah. That's good. Yeah. That's good. He's always in a new interview. Okay? But, if they've if they're saying they've got junk silver, I'd contact them and see if you can get some of it. Yeah. Uh-huh. That's a good play. And then
[00:56:14] Unknown:
yeah. And something else is going on. I don't know anybody here is into crypto, but there's a company called Ripple. Oh, yeah.
[00:56:26] Unknown:
Yeah. And Ripple That's gonna be the dollar replacement coin.
[00:56:33] Unknown:
Well, I think it's it's going to replace Swift. So that's why I don't think they're worried about, you know, the bricks so much is because this XRP, this XRP coin, which which in my mind is still just like a Federal Reserve note. It's still Right. You know, okay. Here's your here's your, here's your XRP, you know, and put them in your hand. And what am I gonna do with them? Eat them? Well, well, even the banks the even the banks are are are operating with them. K? The banks are operating with them. 8080% of the Japanese banks are using XRP now.
And I think they were waiting for today to for the Fed to say whether they're going to raise rates or to operate or whatever crap they do. They could have. And, well, the whole Yeah. This is something I forgot to mention when I was talking. You just
[00:57:27] Unknown:
spurned me because Trump met with the Japanese prime prime minister after the other day. K. Well, the the whole economic basis of the world's mostly of the world's financial system works off of what's called the Japanese carry trade. Do you know what the carry trade is, Tom? I've heard of it, but I don't I can't find it. Well, it's been going on for a long time. If you remember about three decades ago, Japan had what was called the lost decade when their when their stock market crashed, and that Yen has never really recovered. And so what they did was they got they got to the point where they were loaning out Yen at zero interest.
Zero interest. So if you were one of the synagogue buddies, you could go over and borrow millions of dollars in Japanese yen, and you come back and buy euro or US bonds at four and a half percent, and you got a free four and a half percent on however much you bought. That's the basis of a lot of the world's financial system is this Japanese carry trade, they call it. Okay? Yeah. I know. Because Japan hold on. Let me get it. Constantly
[00:58:50] Unknown:
okay.
[00:58:51] Unknown:
Yeah. They're now having to raise their interest rates. It won't be zero, and it's gonna turn the whole basis of the financial system upside down because it's gonna ruin the Japanese carry trade. There's Chicago. We got a bid to do to them. I hope some of you Chicagoans got something out of that. Paul, tell them bye bye. Would you do three b?
[00:59:17] Unknown:
We'll do +1 0690 and radiosoapbox.com. Thank you for joining us for the first hour. Follow us into this second. By all means, go to the matrixdocs.com, The matrix docs Com. And follow us into the second hour either on Eurofolk Radio, Global Voice Radio Network, or join us live using free conference call. Thank you so much.
[00:59:47] Unknown:
There you go. Wanna protect your purchasing power. You better turn over and listen. So, anyway, Tom, that Tom, that's another aspect of all this. This is this picture here is this Japanese current carry trade that's so damned important for so long, and it's about to go bye bye. Yes. Three b. What you got?
[01:00:09] Unknown:
You can also get one and two ounce silver bars that are prescored, and their their purity is stamped right on each one of the little squares. You can get, like, one ounce bars that break into 10 pieces, two ounce bars that break into 20. You can get them, but the premium is, like, crazy because of what they've got to do
[01:00:34] Unknown:
to prepare it. You're gonna pay a you're gonna pay a lot more for your silver that way, but if that blows your dress up, go get some.
[01:00:43] Unknown:
This is your decision. Yeah. The, if they were selling these little little they were selling these little bars of of gold where you could break them off into little, like, one tenth. And the premium was so high. Why would you do that? You would just go buy silver. You know, it was crazy.
[01:01:01] Unknown:
They're just well, everybody's trying to work on that price and get it down to the amount where it'd be small. And remember, every time it's like for a tenth ounce Eagle, You go buy a one ounce gold eagle, and the press has to press once. Well, you do a tenth ounce. It's got to press 10 times. They're they got a package nine more. All that all the labor, all the supplies, everything. The smaller sizes will generally cost you more in premium. Okay?
[01:01:34] Unknown:
Oh, yeah. Absolutely. But it just seems like someone, you know, they're saying, well, if you can't afford a whole ounce of gold, then buy these little ten tenth of an ounce bars. But the premium you know, the price of the gold and the premium pay, you could get a hell of a lot more silver for that amount of money. And it just just drove me nuts when I saw those being advertised, and and we really you know, I just felt like it was a con. You know, if you're a millionaire and you wanna buy a bunch of these little things, yeah, great. You know? But if you're broke like all of us are pretty much, you know?
[01:02:05] Unknown:
There was a company that came around a number of years ago called Carrot Bars. You remember hearing about that, Tom? Carrot Bars? That's exactly what I was talking about. Well, I mean, you know, then that's the point of using those small grams. And I I was involved in Karatbars. I did pretty well in it. And, they had a great idea, you know, and a very good marketplace. You can go look at these on the Internet. They're called Kine bars, k I n e, Kine bars. And all the banks in Europe and a bunch of people were selling them. So it wasn't just Karatbars. But you got, the largest size they had. This is four nine gold, by the way.
K? You've got when you deliver a what they call a good bar to the exchange, it's gotta be 98% gold, I think, Tom. Can be 2% alloy. K? And and so it's not pure gold. When a country puts out a gold coin, it's generally not 24 karat gold. There's a couple. Canadian maple leafs, I think, Australian kangaroo, and I believe those, buffalo ones that we talked about yesterday were 24 karat. As a matter of fact, the first load of those that they minted, they had it on some sort of a truck or a a a a pulley card or something, and it it tipped over. And and all of those fell on the side. And those that particular model, of that coin has a a little bit of a flat side on one side because the whole damn cart fell over and it it and it's so soft and malleable that that made them not circular anymore. Okay? So 24 karat gold is very, very malleable, And, that's why they deliver it with alloys.
I think the you can go back to the Kruger end. And if you ever held a Kruger end, you noticed how it was kinda orangey, Not gold, but orangey. That's because they use copper as an alloy in there. K? It depends. Different countries use different alloys. But with the coins you buy are never gonna be 90 nine four nine gold. They're all gonna be about 92, 90 three percent gold. And, Karatbars had four nine gold. So you're gonna pay every time you up the purity or reduce the size, there's costs involved. Okay? And that was the beauty of Karatbars. They had a five gram Kind bar. They had a two and a half gram Kind bar. They had a one gram Kind bar.
And then towards the end of the company, they were doing one tenth kind bar of in a bill size where they would take one tenth of a gram and put it right in the middle of a bill. So, there's all that kind of stuff out there. What you wanna do with this is up to you. Okay? I don't know how much funds you got. I don't know what any of your predilections are, but I'm just telling you the overview of the market. If you've got Federal Reserve notes sitting around somewhere that you're not utilizing and don't see a need for them and particularly in the near future, it would be a very wise move to invest in something solid like gold or silver. That's just my point.
[01:05:35] Unknown:
Something's coming up, Roger. Just as you said Oh, something's coming up. Something's coming something's coming up. Going on, and, I'm gonna listen to that Alex Jones show you just mentioned earlier. Yeah. It was on you. I think it was Elliott. Is it Sunday? Hey. I found it. I was searching while you were talking.
[01:05:52] Unknown:
Okay. Well That's cool. Kirk Elliott's a real slick guy. He's he's also a pastor. He's a real, real slick guy. I really like him. Okay? So yes. He's not the one that did the Elliott wave theory, is he? No. No. No. No. No. No. No. No. He's one of the oldest. He's had his company for thirty years. He's very reputable. I think he's the biggest silver dealer in the country because he's selling bullion and doing this, this ratio trade with people. Yes, Julie. Hi. How are you? Julie? I'm pretty good this morning. This is Julie. Hi, everybody. I love Hi, everybody. See, I love I'd love talking about this metal stuff. I've spent many years trying to come to understand this. Okay? And I really like talking about it because most people just don't know jack crap about it. Okay?
[01:06:40] Unknown:
Well, I have, I just wanna tell everybody out there because I have experience with some of these people you're mentioning and I'm not gonna name names. Just do your own due diligence. Go do your own research. Figure out what you wanna buy and go get four or five price quotes from all these dealers. Call them up and say, I want, you know, you know, I wanna spend $5,000 on these coins and I want them delivered to my house. Ask them what you have. And the other thing you really need to be aware of here is that when you don't have these in your hand, assume you don't have them.
There have been a ton of articles I have read over the years where people have stored them like their IRAs and their four zero one ks's and these depository institutions which they say you have to to hold them in. You want a separate, you want a separate storage. You don't want them comingled with other people like GoldCo does. And the other thing is, if you do store them at home and you need to liquidate them for, fiat currency, beware of what it's gonna cost you to ship them back and to insure them because that will very quickly eat away at profits that you have made. So it's just an FYI, I have a friend who shipped, I don't know what it was, 30 ks back in, silver bars because she needed the money and she did not she did not insure them at all. And the cost of shipping those, I couldn't believe that she didn't ship that or didn't insure it. It's just an FYI for everybody here, just beware and then, you know, Kurt, his premium, the 8% premium is a lot even on a spot price because every metal dealer's spot price varies. I have verified that.
And also, Kurt says he'll buy it back from you at no premium. Well, what what price is he gonna buy him back in? You better make sure his company's there. Whatever the spot is he gonna buy them back at whatever the spot price of silver is? It's my impression. Well, yeah. But every company has a different spot price for silver. I verified that, Roger. I've called them up and they all have different spot prices, they tell you.
[01:08:54] Unknown:
Okay. Well, you tell them you want the LBMA price. Okay? Yeah. So you don't don't buy that bullshit. Due diligence
[01:09:01] Unknown:
reminder for everybody. That's all I'm trying to say. Do your due diligence just before you buy from these people. Well, you should do your due diligence before you buy anything, shouldn't you? Okay? Yeah. So But especially precious metals, Roger.
[01:09:15] Unknown:
There there are there are some good repositories around the world, and one of them is this newest one in Texas, the Texas Metals Depository, I believe it's called. Do you know who banned it? I'm familiar with it. Truly?
[01:09:29] Unknown:
You know who Bass is? I'm very familiar with all of the I'm very familiar with all of the depository
[01:09:34] Unknown:
that that hold the Golden Temple. Okay. Well, that's do you know who Bass is, who the Bass family is?
[01:09:42] Unknown:
I believe they were they are associated with these depositories in some way, shape, or form. They're a very wealthy family from Dallas. The the
[01:09:51] Unknown:
the guy that's running the family now is on the Texas University of Texas board of directors and of the, fund, their their alumni fund, whatever they call it. And he's the one that about ten plus years ago, we insisted and went out and the Texas University Fund diversified themselves of $500,000,000 and they bought gold. And so they built the Texas metals depository to house that. That's the basis of it. And you can also, it's my understanding, utilize that depository and they will attach a debit card to whatever you have deposited in there. K? So that one is legitimate, and and there's a couple that are. I have mine in a storage facility down in Montevideo, Uruguay. Okay?
It's a privately owned. It's not affiliate does somebody wanna say something?
[01:10:50] Unknown:
I to write stuff in because I can't stay with my same book. Well, then what do you what drives you with? Okay. It is the only big one I have. Oh, okay. But I'm using it right now. Could you could you please
[01:11:03] Unknown:
mute him? Mine's in a in a, depository down in Montevideo, Uruguay that's that I literally scooped up. When I was gonna move down here, I tried to go to everybody that I knew of in The US and talk to them about it. But nobody, not one person knew anything about Uruguay. Uruguay is like the Wild West, Switzerland of South America. And so I literally had to go in.
[01:11:38] Unknown:
There's nothing in it. Nothing in it? Yeah. And there's a lot of I just got it filled up. A lot of killed up. There's nothing in it. Conversation go on? Thank you. That's right.
[01:11:52] Unknown:
No. That's Jesus. Oh my It's a big textbook. Anyway, it's a it's very safe. It's not affiliated with any financial institution, and it's open three hundred and sixty three days a year from ten in the morning till ten at night. And literally, you feel like James Bond going into the damn place. Okay? So that's safe. It's been there. I've had my stuff there for many years now. K? So, anyway, whatever. Do your due diligence. Do whatever you think is right. I'm just trying to give you the lay of the land as I know it and understand it. And the fact that my spiny senses say something real big is coming.
Yeah. Because the stuff that the LBMA are doing right now are totally uncharacteristic of bankers and gold. You make your own decisions.
[01:12:47] Unknown:
Now who else? Everybody got a yes, sir. Questions? Looks like Jerry cars Jerry Garcia's mic is open, and he may be bleeding in.
[01:12:57] Unknown:
On the conversation. Alright. No. Well It's not me. Alright. Well, it's straightened out now, but, anyway, that's why I I wish you'd mute when instead of staying with an open mic on here because of the examples just like that. Yes, sir.
[01:13:15] Unknown:
This is Sketch. And, yesterday, Paul brought up the confiscation during 1933, and the, the boxes at the bank, savings deposit boxes? Yes. Is that correct? And did you mention that now did they confiscate, gold coin US gold coinage from those Sure did. They confiscated
[01:13:40] Unknown:
and they got yes. They did. And they replaced it with the New Federal Reserve net. Yep.
[01:13:46] Unknown:
Okay. Because I yeah. I was talking to my brother last night. I said, yeah. They come to the old they didn't do the US coin. No. They they took silver. Oh, no. They didn't take silver. No. No. Here here no. Here's where your brothers messed up. They did not confiscate
[01:13:59] Unknown:
numismatic coins. Okay. You know the difference? Thank you. Yep. Just a regular gold Saint Gaudens. If you had it in there, they're taking it. If it's a Roger. Special one, then they won't. Or you could get it back if you did. Yes.
[01:14:21] Unknown:
Breaking news. I'm monitoring ABC news on the radio here. Motley Crue, Singer's, jet, crash landed. Landing gear didn't open. It crash landed into a parked jet or plane on the tarmac, and one person died. The singer wasn't on the plane. And then I just heard that you just mentioned that Pritzker Faggot, governor of, Illinois, he just issued a proclamation. He's changing the name of Lake Michigan to Lake Illinois, and then he's gonna annex, Green Bay, to protect Illinois from enemies sworn in domestic.
[01:15:02] Unknown:
I hope that Trump and his bunch go in there and slap that fat piggy bastard silly.
[01:15:15] Unknown:
It's incredible.
[01:15:17] Unknown:
Yes, sir.
[01:15:19] Unknown:
Hi. You This is Jerry. Jerry again. You mentioned somebody Jerry. Get get go.
[01:15:28] Unknown:
Do what, Jerry?
[01:15:30] Unknown:
You mentioned some company, GetGo, or something like that about money Kitco.
[01:15:36] Unknown:
Kitco, k I t c o, dot com is a metal site out of California that a lot of people go to to get spot prices and whatnot.
[01:15:50] Unknown:
Okay. Thank you. Alright.
[01:15:54] Unknown:
Don't buy anything from them, but if you need to go check the prices and shit, that's a good place to go. They've got a pretty good overview of the market. Okay. Who else has got questions on all that? Somebody does. Yes, sir.
[01:16:08] Unknown:
Yeah. This is Larry. So a friend at work and I were looking up, on the maps this morning and you're just talking about someone's trying to change
[01:16:23] Unknown:
something a lake, Lake Michigan or something? No. I didn't. Dave did. Dave did. Pritzker's trying to change Lake Michigan to Lake Illinois.
[01:16:32] Unknown:
Right. Well, if you go on Google Maps, it now says the Gulf Of Mexico is the Gulf Of America. But when you go on the Apple Maps, they keep it as the Gulf Of Mexico.
[01:16:45] Unknown:
Typical.
[01:16:49] Unknown:
And another thing is, can you, to add to your explanation that you started to show out with, you had mentioned that currency is loaned into existence and it's the interest that's created a thin air. And I remember like a couple of times in the past, maybe at least two times, you attempted to explain how if someone if two people have a mortgage and you pay your mortgage off and your neighbor's mortgage goes into foreclosure, that that's what is used to pay for the interest on on your mortgage. I think that's how you put it. So can you go over that again and and carefully explain how that Okay. Well,
[01:17:36] Unknown:
pretty easy. You got you and your neighbor. You buy your house maybe a year before he does. He buys his house. Let's say they're on complimentary terms. You both got interest ticking up on it. And if you eventually pay yours off and and he and there's none there's not enough money circulating out there, he can't pay his off. Okay? So, yeah, see the best way I can explain this. If all of the circulating currency, all the debts were paid off, there'd still be a circulating debt, but there wouldn't be anything to pay it with. Do you understand that?
[01:18:24] Unknown:
So the so it would be the interest that would still if if all the if all of the loans were paid off, you're saying that it would be the interest that would still be left. It would still be debt. Yeah.
[01:18:37] Unknown:
Yeah. And there wouldn't be any circulating currency, but there'd still be a debt to pay off. How do you pay off a debt when there's nothing to pay it off with? Oh, other assets, other collateral. But you see the dilemma here?
[01:18:53] Unknown:
Alright. So the national debt is, like, over is over 30,000,000,000,000, whatever it is. 33, 30 6 trillion. 30 7? Do you believe that debt is mostly interest?
[01:19:05] Unknown:
I believe it's I believe it's all bonds.
[01:19:10] Unknown:
That's what we have to do. Of of loans and interest, or is that just all interest?
[01:19:17] Unknown:
Well, you could never know. If you did, the interest wouldn't compile if the loan wasn't made. The interest is attached to the loan.
[01:19:30] Unknown:
So you don't owe me a quote. Bank and paid it off in coin. Oh, Dave.
[01:19:35] Unknown:
Oh, Dave. Please What?
[01:19:37] Unknown:
Just I'm trying to explain something, and you butt in. What did you say?
[01:19:43] Unknown:
I said, what if you go into the bank that your mortgage is on and you pay it off in coin?
[01:19:49] Unknown:
Well, then it's paid off, isn't it? They can't refuse payment. Under the UCC, if there's a payment tendered and you refuse it, the debt is considered paid.
[01:20:04] Unknown:
So to to add to that, what Dave just said, and this is kinda incidental to the conversation, but, supposedly, a few years ago, David Strait's wife walked into the bank or whatever. She was doing paperwork administratively, and she claims she paid off her home loan with silver coins. And it turned out that that obviously wasn't the case. Someone exposed all that. She actually had a seminar explaining how she did it, like a like a one hour talk, and all these people came to hear how it was done, and it was never really done.
[01:20:46] Unknown:
I wouldn't trust anything that come out of either one of those two people's mouths, quite frankly. But you guys go do what you wanna do. K? The the guy's a Navy Seal. He's been a Texas Ranger. He was working with Trump on all those impeachments. I mean, this guy is so as full of crap as a Christmas turkey, folks.
[01:21:11] Unknown:
Right. And I'm not I'm not endorsing him. I don't I don't believe she did that, and I I believe that these these are imposters. So I'm just saying.
[01:21:22] Unknown:
Okay. Now let's go back to where you and I were a minute ago on this. When you make a loan, the principal is loaned into circulation. The promissory note says, I, Larry, promised to pay 360 payments of so much principal and so much interest for so much time. K? Right?
[01:21:45] Unknown:
That's right.
[01:21:47] Unknown:
Okay. Well, the the they're giving you the value. They're loaning you the value that you and the seller have determined is the fair market value of the house. Right? So let's say $200,000. Yeah. I'll pay that. Okay. Can you cash or what? No. I gotta have a mortgage. You go get a mortgage. But the mortgage is for $200,000. Right? That's the value of the house. It's gonna be the collateral. Right?
[01:22:19] Unknown:
Well, yeah, but they tack on the the interest that might turn out to be 300,000.
[01:22:26] Unknown:
Well, not before they don't. They can't tack on interest before you've lived in the house. That's illegal. That's why you pay rent at the first of the month, and you never pay a house payment until the month is over because they can't charge you interest for something you haven't used.
[01:22:47] Unknown:
Right? Right. So the promissory note is just for the value of the house. I get that. That's what I'm saying. That's what I'm trying to get across. So what we're really doing,
[01:22:58] Unknown:
really, they're monetizing your collateral, aren't they? You agreed to buy the house. You agreed that's the price. That's what the loan's gonna be for. They're gonna loan $200,000 into circulation. Aren't they monetizing the value of your collateral?
[01:23:15] Unknown:
Yes. They are.
[01:23:16] Unknown:
Okay. But they don't loan the interest into circulation, do they? Only the value of the house. So now that the loan is commenced after the first month you've lived in it, now you're paying the interest. Capisce? Yep. Larry, do you understand? Yes. Yes. Okay. So from that first month, the interest is starting to build because you got that 8%. You said so much. You're gonna pay all that interest and for the first fifteen years of your loan, that's all you're gonna pay for the most part is interest. You don't pay hardly anything on the premium. 50¢ a month, a dollar a month for the first fifteen years. So that whole time, that interest is building every month.
The interest is on 200,000 at so much a percentage rate. When that determines your monthly payment, are are you with me on this so far?
[01:24:25] Unknown:
Yes. I am.
[01:24:26] Unknown:
So you never loaned all that interest that three that goes up to when you multiply out $200,000 on a thirty year loan, you're probably gonna pay out $600,000. Now Julie's a mortgage broker. She can come in here and correct me if I'm wrong. Okay? So you you you you're gonna pay triple back what you borrowed over a course of thirty years, and you're gonna pay most of that within the first fifteen years. After the first fifteen years is when it starts chunking out and you take more off of the premium. Now this is where you can go in and pay an extra payment a year. Say your payment's, I don't know, $500 a month.
You pay an extra $500 in the course of a year and they automatically go to the back end of that loan and pull that off of the principal. Are you with me? Yes. So when you pay one extra payment a year, you take it down to a fifteen year loan. How about that? That's because you're not paying any interest upfront. You're paying all the principal at the back end. So when you put money in extra, it comes off the back end of the principal. Larry, you with me? Yes. I'm I'm with you. I'm just I'm working out with you. Look. I'm oh, okay. So I know this is fairly complex for some people too. K? They pulled the wool over a whole bunch of people's eyes with this little scam. We didn't even have thirty year mortgages before March the ninth of nineteen thirty three. Before that, you only had ten year mortgages, and the banks held all the paper just like it's a Wonderful Life with Jimmy Stewart. And they'd take your payment and loan it back out to people in the community. Well, March the ninth of thirty three changed all of that. K?
And the reason they set it up like this, Larry, is because they figured out that and I'm sure this progressed from '33, but they figured out that the average person only lives in their home seven years. So if you're moving around in your career or whatever and every seven years or less you change houses, all you're doing is pay paying usury. All you're doing is paying interest. You never even touch the principal.
[01:27:01] Unknown:
Hey, Roger. Roger.
[01:27:03] Unknown:
Oh, this is my cap.
[01:27:06] Unknown:
Yeah, Mark.
[01:27:07] Unknown:
Yeah. This is kind of a perfect segue. What you and I have been talking about in the background is, I'm gonna well, we are gonna promote a a automatic money management system that people can plug into, and, they can pay off their debts, including credit cards, homes, car loans, anywhere between as short as five years and probably, on average, between seven and ten years. And it's a pretty amazing program. We're we're kinda working on this behind the scenes so that the Radio Ranch listeners will have a a way to really kick the bankers in the teeth with this. And I think when you see this software, it is mind blowing, and it's flexible.
You can add emergency funds to it. If you wanna plan a a vacation, you can you can put the cost into that and see how it'll affect your your, debt free date. But it's the best thing I've ever seen, and I'm very excited to present this to our listeners.
[01:28:15] Unknown:
K. Well, we'll find out when we're ready to present that, Mark. Come on and tell you about it. Yep. K? But I just want to in a little too. I hope you're not blow your mind. Okay. Well, I hope you're not in debt, first of all. You know? Yes. Because it's wonderful being out of debt. K? I've been to both, and it's far superior being out of debt.
[01:28:38] Unknown:
Yes. It really takes the pressure off of you.
[01:28:41] Unknown:
Yes.
[01:28:43] Unknown:
So, anyway, I just wanna step in and say that I've I've got to Thanks. I've got to run. I've I've got take my dad to some appointments today. So I was just listening on the side and just wanted to drop that in.
[01:28:54] Unknown:
Thank you, Mark. Good take dad. You're welcome. Talk to you later. Okay. Alright. Alright. Now who was Roger ing there? Chow Chow. Who was Roger ing? It's just Larry again. Larry. Yes, Larry. So,
[01:29:05] Unknown:
what's interesting is I I did a fifteen year mortgage, and I just couple months ago, I paid it off. It's completely paid off. And so I definitely have a pay increase, a raise, if you will. And it's just amazing to be free of that debt. I did a fifteen year mortgage because I took the advice of Dave Ramsey. I don't follow and believe a lot of things he said, but at the time when I was listening to him fifteen years ago, I followed his advice. He always advocated for getting a fifteen year loan because you're paying so much more interest over the course of thirty years. And it turned out when I went and got my loan, I think the payments per month were only going to be $150 more per month to have a fifteen year loan.
And, you know, I could afford that. So that's why I went in that direction. I didn't want to be paying on a house for thirty years.
[01:30:02] Unknown:
So anyway, one of the the the point of this story is, Hold on a second. Let's stop. Let's stop right there and analyze that for a minute. Okay? So if you took out the fifteen year loan, you paid a hundred and $50 a month extra. Correct? Yeah. That was about what it would have been. Yeah. Okay. Alright. Well, hold on. So follow me through here. Hundred and 50 times 12 is is, what? 1,200 plus 6 $1,800 a year? Exactly. Yep. Okay. So let's just look at numbers. Is it better to pay have that fifteen year loan and pay 1,800 a year to have it extra, or is it better to take out a thirty year mortgage and just pay 500 a year extra to get a fifteen year? And you've got yourself about, $1,300 or something easier there per year. You see what I'm saying?
[01:31:04] Unknown:
Right. A lot a lot of people, they don't know this information, and they just look at the cheapest way of getting something. Well, they know what I know. They do dumb shit stuff like follow and believe Dave Ramsey, who probably doesn't even understand
[01:31:17] Unknown:
how the monetary system really works, quite frankly.
[01:31:21] Unknown:
Right. I agree with that. But let me just say this. So, the reason well, of course, when I got the thing paid off, I started thinking back because I was thinking about something you said a little while ago. The banks, what they well, my particular bank, what it started doing was I think about halfway through having the loan paid off, like maybe seven, eight years into it. They started sending me I was getting bombarded like every month with loads of advertisements to refinance my loan, because at the time my interest rate was 5%. And so, back then, I mean, years before this recession occurred, you're seeing interest rates like really low, like what two point something percent.
And so they're all trying to put the bait out there to get me to, you know, hook on. And the thing is, I've already paid off all my interest, and they saw that, and that's the way I'm thinking about it. That's the reason why they bombarded me. They wanted me to do another lump, and I'd be paying all this interest upfront again.
[01:32:37] Unknown:
Yes. You know, all the vigorish. That's the word we need to start using around here. Vigorish. You know what that is, Larry?
[01:32:48] Unknown:
Vigorish. I'm not I don't think I'm not. Not licorice.
[01:32:53] Unknown:
Vigorous.
[01:32:55] Unknown:
Yeah.
[01:32:56] Unknown:
That's what the Jews call interest. Vigorous. Vig. FYI. Now, it came on this program a while back. One of our listeners came on here, and we went through a bit of explanation because it took me a little bit to grasp it. I've mentioned this to people whose career was real estate and stuff, and they didn't know what the hell I was talking about. So it's kinda interesting to me on this way of approaching a loan and what it has to do with is this prepayment stuff. Okay? So if the loan is written to where the the the, financial institution gets to assign future premium payments do you remember this discussion, Larry?
This is really interesting. K? I mean, it's pretty hard to put Yeah. I was looking into it. I did. Well, it's pretty hard and it seems a little absurd to put the word interesting to anything involved with a mortgage. But this is interesting. Okay? And so I'd never heard of this before. Hell, I wish I'd known this when I was younger. So it depends on the contract that you write and who assigns future premium payments. Now we mentioned with you, just paying one month extra, per year will drop it from a 30 to a 15. Okay? But if the contract doesn't state otherwise, it probably falls into the lender's hands as to where they put that extra payment.
Okay? So in other words, if you take out a thirty year loan, Larry, there's 360 payments in there, right? So it's payment one is separate. Payment two, every month is figured on this formula of how much interest you're paying and how much premium. Right? So you go in and you find a contract where you can assign future premium payments and not the lender. I don't know how easy they are to find. Julie, it's something you may want to check into. I don't know how easy they are to find if anybody even offers them anymore. But contracts are all negotiable.
So you if you can get a some sort of a contract like a mortgage contract where you have the ability to assign future premium payments Instead of paying the extra payment a year and it coming off the back end of the principal down at year year thirty. Okay? You can go in and go in and assign your or your payment to the early payments. You may have to pay the first one at full payment, but then you can go in and go, well, two and three, I can just go in and pay the principal. Because the interest hadn't kicked in yet because you haven't lived in it for that month. So you go in and pay off that little bit of principal like a dollar, dollar and a half, and the whole payment's gone.
You've paid it. And then you go and pay the third one, same thing, maybe a dollar and a half, And all of that interest is gone. And so you can go through there and selectively assign your future premium payments and knock out a whole freaking payment or two, man, or more. And one of our listeners used to sell this to people. They would go out and work for a company. They would go out and and sell it to people, charge them $750 and they could do this. They would save thousands on interest. I just thought that was really interesting. That's interesting because that's a way to go in and short sheet these bastards.
K? So very cool. I wanna thank it took me a while to get that. I didn't understand it at first, and my real estate friend didn't understand it at all, okay, for at first. So anyway, just an another twist. Here I am, 76 years old, Been in business, you know, adult life. Hell, I've never heard of that before.
[01:37:12] Unknown:
K? So it's Roger, we need to get Julie to listen to that show. She's got a great mind.
[01:37:19] Unknown:
Yes. She does. I agree with that. So and, so each anyway, anybody else got any questions or comments here? We got about thirty minutes left. It's been a good show. It's centered mostly around financial stuff, which is a subject I really like to talk about. I know quite a bit about it. I've studied it and listened to people like Robbie Noel, who we mentioned yesterday for years. Okay? It's always been well, here was my figure. The financial horse is the horse they rode into town on, and the financial horse is gonna be the horse they ride out of town on. Okay? So it's very important, and it's very critical to everything else we talk about because it's the nucleus of all of it. How do I steal your wealth with some of my tricks?
[01:38:08] Unknown:
I meant Roger. Well, you yes, sir. This is Roger. Chris from California. Hello, Chris. You started a while ago talking about, you know, how the payback works out. And a real simple way to explain this is, suppose you have four people, you have a society and all there are is brand new little city, all you have is four people in one bank. And the bank has $4,000 to loan out and each one of these people, the four people loan out $1,000 Now all the money is gone. It's in the hands of these people now and they have to pay back their mortgage or their loan, their business loan, whatever it is. And they have to pay it out at $100 per month so it's all payback plus interest and if it's just straight interest and it's at 10% they're going to each have to pay $110 per month for ten months.
So the first guy, he pays $110 for ten months, at the end of ten months he's paid $1,100 He's paid $1,100 and he's paid off, he's in the clear. Now the other three maybe another one will be able to get to $1,100 but then at some point there's not going to be any money available in circulation to pay back the loan because the first two have paid off $1,100 So that's $200 missing from the pool, from the money pool. Yes. If the third one gets ahead of the fourth one and he gets his paid off then the fourth one he's going to be running around trying to find the missing money was at that point is gonna be $300.
He won't have $300 to pay back because the interest has put a bottleneck on the cash flow. Yep.
[01:40:17] Unknown:
Because the interest was never it was never the interest was never loaned into circulation, therefore, it wasn't created. It was created by the the compound interest effect in the pool. So they can never be paid back. Okay? I would suggest for yeah. Go ahead. I'll I'll I'll comment after.
[01:40:37] Unknown:
For some people to fail.
[01:40:40] Unknown:
Yes. Somebody Correct. And they knew that. Yep. But they knew that in 1933
[01:40:47] Unknown:
when they put it into effect. Of course. It was just it was designed that way.
[01:40:51] Unknown:
Yes. It's it's designed. Now if you're new to this and this monetary stuff confuses you, I got two really good resources for you. And they're both, believe it or not, on YouTube. Okay? And the first one is a Canadian. I think it's forty seven minutes long. It's an animated. It's not political. Nothing. Just facts. And it's called Money as Debt. Money as Debt. Chris, have you ever seen that?
[01:41:22] Unknown:
I may have. I've seen a lot of that kind of stuff. That book too by Byron
[01:41:27] Unknown:
Dale. The book, by Byron Dale. Bashed by the Bankers.
[01:41:32] Unknown:
Goes into this very well.
[01:41:34] Unknown:
Yes. I knew I I met Byron, had had a couple of meals with him, and, we had a little bit of a personal relationship. He came down to speak to our group in Atlanta, and I picked him up at the airport and kinda, hovered over him and showed him around and stuff. Very nice guy. I hope he's still with us or not. This is Byron Dale. If you're not talking to people, this is Byron Dale's he said the three questions you asked. What is money? Where does it come from? And how does it get into circulation? What is money? Where does it come from? And how does it get into circulation?
If you can get in somebody that wants to have a conversation, those are the three questions you wanna key in on. Now the other resource is by a guy named Bill Still, who's been around hell as long as I have. He he had a a a a video back way before we had all this fancy digital stuff. He had a video back in the nineties called the money masters. And he basically updated all of that information and put it into a documentary, a a a worldwide award winning documentary. It was voted as the best documentary of the year by one of those film festivals in 2011.
It's very, very, Hollywood produced, very, very slick production. And he even went to England and got with somebody over there at the British, Museum of History, and they had to have gloves on. But they took some tali tally sticks out of, out of the case and were shown, and they go over those and how they were used in England. At one point, pieces of wood called tally sticks were used as money in England. That's what the money was in England. It was based on these tally sticks. Anyway, the name of that movie is about two hours long. It is I couldn't recommend it highly enough, quite frankly. It's called the Secrets of Oz. It's on YouTube.
Very well produced, very accurate, had stuff in there I'd never been exposed to before watching it. Some quotes from some of the past presidents on the money monetary system, etcetera. So Bill Still, the secrets of Oz, and I don't know who the originator was, but it's called money as debt. And I do know that that has a version in Spanish because I've turned some of my Spanish friends onto it over the years. So money is debt and the secrets of Oz. Excellent resources to learn and understand more about this. So who's got some comments or questions? We got fifteen minutes left or so.
[01:44:32] Unknown:
Amit.
[01:44:34] Unknown:
Yes, sir.
[01:44:36] Unknown:
Yeah. Hey, Roger. It's Wayne again. And, I wanted to throw another angle into this whole discussion that might need to be considered, and that is we're we operate with a fiat currency system. Okay? You know, with the Federal Reserve notes. So in essence, when we pay a loan off, we're paying a debt with another debt. So the key question is we are discharging a debt, we are paying it off, but are we getting true lawful legal title?
[01:45:05] Unknown:
Well, that's all the major questions. So all those are very valid and very good questions and excellent points, Wayne. Now for for Larry, you said he paid off his house. Did you get title to it from the bank yet? Larry may may be off working.
[01:45:25] Unknown:
Yeah. I got a payoff, I got a payoff, receipt, and I don't I can't remember if they actually sent me the certificate of title. I think we get certificates of title. I think, the way they label it in Florida is we're tenants and this is what I've always talked about before with you, Roger, that we're mere users of the property just like Eugene Schroeder teaches. All the mortgages were given, confiscated or seized by the government in 1933.
[01:46:00] Unknown:
And probably used as collateral for the bonds at that point would be my guess. Remember from Gene Schroeder's thing? They used whatever they could use as collateral. They already had twelve years of birth certificate stacked up, but whatever else they could use to get that initial, surge of paper currency circulating, which I think they mostly spent into circulation with Roosevelt's, New Deal stuff, raw deal, Jew deal, whatever you wanna call it. They would actually pay the workers with the notes, so they're spending it into circulation.
[01:46:38] Unknown:
Yeah. Okay.
[01:46:39] Unknown:
Roger? Yes, sir. Wayne.
[01:46:41] Unknown:
Yeah. So so the key the key point is what Larry Hold on. Wayne talk. The key point is
[01:46:49] Unknown:
certificate of Hold on. Hold on. Two people are trying to talk at once. Wayne's and I'll recognize the other guy after. Go ahead, Wayne.
[01:46:57] Unknown:
I'm gonna wait. Pardon? The only point I wanted to make was when you hear certificate of title, that just means evidence of title. That is not a true legal, lawful title. Right. Like in the like with with a car, the state owns the true title called an MSO. Yep. Manufacture statement of origin or something like that. So when you apply it to a house, that's the same thing. Because we're using Federal Reserve notes, I really believe there's a case that there's always a lien on it. There's some kind of ownership in the state. Yep. And that's why houses can still be foreclosed on if you don't pay property taxes. You you have equitable use of that house, but you still you don't truly own it. And that's the key point with Trump. If he came in with a gold back type of money monetary system, that's where you get true value. And I think that's how, true lawful legal title could be obtained. It's just the way I've heard it in the past.
[01:47:55] Unknown:
It's interesting. You or Larry mentioned it a minute ago that you're dis charging a debt with a debt. You're not paying the debt. You didn't pay off your house. You discharged it. Now you can pay it off when you got, I guess, lawful money and if you're a a national. Because now you can own things. In the other capacity, property can't own property. So you just get a certificate of ownership and you get control. They come take it away. K? Because you're still a serf. So that's part of the whole formula here also. Who was trying to talk, with Wayne there a minute ago? Is that you, Chris? This this is Chris from California.
[01:48:38] Unknown:
Yeah. What I'm working on right now with our farm is we've done the complete chain of title all the way back to the original land patent. And now with me being a title, I mean a national, we're proceeding now to get a load yield title on the 10 acres and get rid of our mortgage with the state you might say. Get rid of the taxes and all regulations. When we're successful, I'll tell everybody how we did it. That's what we're working on right now. I can't say anymore right now. Another thing though, I remember on the show not too long ago, some lady came on and talked about how the judge gave them title to their house. I don't know the whole story about that but I've heard of that before and I wondered if anybody knew anything more about that.
And also, as far as the mortgage on your house is concerned, they don't loan anything. You become an indentured servant for thirty years. Correct. And that is a that is a basis for canceling the mortgage, by the way, because that's fraud. That's correct.
[01:49:41] Unknown:
And I know about it from Tom Schoff. Have you heard me talk about Tom, Chris? I met him listening to a well, I met him years ago listening to, the only place you used to get this kind of information was on shortwave in the middle of the night. I'd stay up till three or four in in at night having to go to work the next day to listen to some of this stuff, and that's where I heard him. He was a CPA, s c h a u f f. We were talking about him a while back on here. His book's been floating around here. He was a, a CPA out of Chicago who qualified somehow to become an expert witness, and do expert witness testimony where you make the big bucks.
And so what he found out was there wasn't a place in the country where you could accredit CPAs to do that. So he started a school. Okay? And so he is holding a school for other CPAs to accredit them to become expert witnesses. And so one of the federal regulators was one of the students who pulled him aside and said, every loan in America is a fraud. And he's, like, shocked, the expert CPA. And he's shocked. He goes, let me show you what they're doing. And it revolves around everything you said just now. And it is that they never loan you money. The whole process has started again. This is not admiralty law. This is not maritime law. This one of the basis of the whole financial system is the mortgage market. And they don't loan you money. They use promissory notes. Folks, they don't use promissory notes in admiralty law. They don't use promissory notes in maritime law. Okay? This is the UCC.
It's the basis of everything. Alright? So you sign a promissory note. I promise to pay Chris so much principal, so much interest, so many months, just like we've talked about during the show today, except they take it to the financial institution, and they enter it on the liability side of the ledger. Now Julie is not only a mortgage broker and a broker, but she's also a CPA. And she's been digging into this real heavy. She got his book. Shoff had a book that he sold. Okay? And so he had some clients, I think it was in Arizona, who went to court on the fact that the bank didn't loan them any money.
And they gave them their house and put the case under seal. Bingo. Mhmm. K? So that's where it comes from, and that's what it's all about is right that right there. It's just such a slick little deal Is they're using what really allowed them to set that system up is using double entry bookkeeping. They can put it on one side. They discount the note into the secondary market to an investor who gets the full payout if he continues to hold it. And then they bring the cash that he pays them back, and they put that on the asset side of the ledger. That balances the book, and it gives them the cash to pay for whatever you're buying.
That's the way it works. Do we
[01:52:58] Unknown:
Do we know who did that in Arizona?
[01:53:01] Unknown:
No.
[01:53:04] Unknown:
Who does?
[01:53:05] Unknown:
I I don't well, Tom Shoff might if you can find him. Okay. I and it might not have been Arizona. It just seems like I in in my mind, that's where I placed that incident. But I don't know how much success you'll have trying to do that in the courts anymore. K? I don't know what things they put in place for that not to happen. But that's why this is so important to understand exactly how these systems work. When you understand how they work, you got a much better chance of finding the weak point like we found in the political status one. Yeah. Oh, oh, it's fetal system. Well, the only, condition that could apply to me is voluntary servitude, and I'll just volunteer out. How about that? Oh, you don't object? Okay. Great. Thanks.
See you later, you slave and crap. Yes, sir.
[01:54:01] Unknown:
Okay. So one of the things that is going on, is that if someone's in foreclosure, they file a chapter seven bankruptcy petition and they list the home as an unsecured debt. This then flips the proof to the person who says they are the holder of the note and the person who's supposed to be paid the money. And it's really causing some consternation. I'm following a case of a friend in Kansas. So as as that progresses, I'll let you know more. But, you know, our friend Ron, the attorney, he was actually get I got a woman's home for her up there in, in Oregon, either Washington or Oregon, by doing that. And because So you're basically The the camper, they paid for the house.
[01:54:58] Unknown:
Right. And so, basically, you're backing in them a corner beyond their fraud. And you're going, no. This is an unsecured asset. Who's gonna secure it? Who owns it? And now they gotta smoke them out, and they gotta fess up and go, well, we own it. You know, well, how the hell did you get it?
[01:55:16] Unknown:
Yep. Especially these these mortgages in the that are all passed from from servicer to servicer to servicer, you know. Yeah. And, I think he's been this guy that I've been a while on has been has been through six different servicers. And, it's it's a mess, You know? And then Well, you know, I told you. You know, they're talking about going to the blockchain to to do mortgages now, to do property deeds, and that's gonna kill MERS because they've had this rigged system going on where they didn't have to pay these filing fees. Right. It's a mess.
[01:55:51] Unknown:
It is. You know, I think, Tom, I don't know. I had a Jewish roommate for five years, Lewis, good was a friend, and my boss at Art Institute of Atlanta there, where I taught. And, when he moved out, he left this, set of encyclopedias that his parents had bought for him years ago. He'd been schlepping them around. He ended up leaving them in my basement. Says I was cleaning up the house to sell it, And I ran across that whole thing with encyclopedias. I always look for two, j for Jew and r for resident. Those are just two terms I thumb through books when I find something like that. And so I got the j version, and there was about 30 pages. These were printed. Must have been back in the twenties. Okay? And so in that version, it said, out of that 30 pages, I wish I'd have saved it, man.
Anyway, I remember one thing they said is the Jews were hated in Russia for stealing people's houses. Bingo. They do the same thing Yep. Over and over and over again. That's who our enemies are. We got a finger on them now, though, buddy. The problem is that Trump Well, it's been to some of these damn huge investors like Miriam Adelson out of, Sheldon Adelson's wife. He died. And, and her big wish was we want Israel to have the West Bank. So look for Trump to give Israel the West Bank somehow totally. K? But that's his weak spot are these big Zionist donors. Hate to say it. Maybe he'll either turn on them or wise up, but, the the longer they're in the picture, the less clear our path for total freedom is.
But we'll see. Okay. Couple of minutes before the show ends here. I ought to hear the voice heard about another yes. Julie.
[01:57:53] Unknown:
Oh, hi. Yeah. I just have a couple comments to make here, and I am still reading Tom Schaff's book and stuff. But, just for everybody here, who's listening, I don't know how many people here know, Catherine Austin. She has the Solari report. I'm a subscriber. She's amazing, but she is she used to be a hedge fund manager and she said in August of twenty nineteen, there was a secret meeting in Jackson Hole, Wyoming with the G7 and they all agreed to completely bankrupt their countries. And, I want to remind everybody here that, yeah, The United States is bankrupt but so is much of the world because these international bankers have been controlling the money supply of not only The United States, but the other largest economies.
And the other thing I'd like to remind people so they don't just get scared or whatever is that, if you look at the global GDP, I think it's over $111,000,000,000,000 worldwide. The United States still controls 26% of that. We are the largest economy in the world still in spite of all of what is happening to us right now and the transition we're in right now. So I guess my thing would be, we're still the best economy and we're still the best country. I yield.
[01:59:17] Unknown:
Yeah. And I mean, China, our rival, they're head over heels in debt, probably worse than we are. But, anyway, Jesse, I hope you answered your question from yesterday today. Two hours of discussion on the monetary system, a subject that I really like talking about and and digging into. And is it it involves all of us. Everybody's concerned about your pocketbook. Okay? So, if you got any questions or anything, we'll be back tomorrow. Hope we had some new folks online. I didn't even check to see if you had any new folks with questions. But if you did and you didn't get them answered, you can hang around after the show.
I I get to run off today because it's Tuesday, expat lunch day.
[02:00:06] Unknown:
And, and it's My my questions were answered, Roger.
[02:00:10] Unknown:
Okay, Jesse. I didn't know. They're trying to steal they're trying to steal the the farmer's land in Missouri.
[02:00:17] Unknown:
Oh, yeah. Oh, the listen. These bastards will steal everything that ain't tied down and a bunch of stuff that is tied down.
[02:00:26] Unknown:
Yeah. Thank you, Roger. They're just thieves. Okay. So we didn't have the next step that they're already go ahead. What do you have it for lunch, Roger?
[02:00:38] Unknown:
I don't know. I had several selections. We have a little kiosk with about 10 different cuisines in there, so it varies week to week. Any good seafood? Yeah. They got well, yeah. Ecuador has good seafood. Yeah. And, some of them have a little bit, I guess.
[02:00:58] Unknown:
We all like I'm I'm getting boat ready to come down there, then I can see you.
[02:01:04] Unknown:
Well, no. I won't be on the coast. You gotta come up in the mountains to see me. But,
[02:01:09] Unknown:
if you want to got friends there with cars.
[02:01:13] Unknown:
Oh, okay. Is that man I'm talking to or somebody else?
[02:01:17] Unknown:
This is Chris. I've got friends and family in Ecuador.
[02:01:21] Unknown:
Okay. Cool. Yeah. Come down and see us, man.
[02:01:23] Unknown:
We're up, in now stay in the car.
[02:01:27] Unknown:
We got a place great place for you to stay $20 a night. The it's an old medical clinic. Excellent. Beautiful view. Now what It's just lovely stuff. What kind of money
[02:01:38] Unknown:
is that? $20?
[02:01:40] Unknown:
We're on the dollar, man. It's $20.
[02:01:43] Unknown:
Okay. Okay. Okay. Did Ecuador join the IMF yet? I know that the, the Ecuador One is
[02:01:52] Unknown:
well, they're they're kinda cozying back up to The US a bit, that when the communist was in control here, we cozied up to the Chinese because he hated the IMF. Ecuador is the only country in the world that's beat the IMF in the International Criminal Court, and they did it under a legal theory called onerous debt. And no no other country's ever taken them to that, but they won that evidently. So, yeah, we're they we we're beholden to both of them now. China from the past and The US now a little bit.
[02:02:32] Unknown:
But it's a nice question. Case study.
[02:02:35] Unknown:
I'd like to let you look at that. Well, god, I'd I'd key on owner's debt. I've never seen the paperwork on it.
[02:02:43] Unknown:
Owner's debt. Okay. Got it.
[02:02:45] Unknown:
Okay. Alright. So anybody else got pardon me?
[02:02:53] Unknown:
Yeah, Roger.
[02:02:55] Unknown:
Alright. Quick, please.
[02:02:58] Unknown:
The Money Masters is still out there. It's in archive.org and is also got his own website, thestillreport.com.
[02:03:08] Unknown:
Yeah. Yeah. Bill's still very reputable. Good guy. K? So, anybody else? You're welcome. Anybody else got something from Check your check your email, Roger. I'll send you that Liberty and Finance article. Okay. Thank you. I'll look at it, but it'll be after lunch. Yes, sir. Is
[02:03:30] Unknown:
that mine? What was that last reference after archive.org? Something about god's report? Yeah. It's called that stillreport.com.
[02:03:40] Unknown:
Still. Bill still. The report.
[02:03:43] Unknown:
Yeah. The still. No bill. Just still. Right. Okay. You said the the still report?
[02:03:51] Unknown:
Yeah. I think that's what he said. Yes.
[02:03:54] Unknown:
The steel report.
[02:03:57] Unknown:
Yes. And the Okay. The secrets of Oz is just all that information updated and put in a film format.
[02:04:08] Unknown:
Yep. So And the still report is on rumble, by the way. I'm done. Oh, is it? Okay. Good.
[02:04:15] Unknown:
Good for Bill. It's not Okay. Anybody else got something for me? Because I'm gonna take off, and, there's new folks that were here today and you didn't have a question. There'll be a bunch of knowledgeable people on the line here after I leave, so you can query them. Just quick. So I don't know if I okay. Wayne first and then Joan. Go ahead, Wayne.
[02:04:37] Unknown:
Yeah. I just wanna let you know, Roger, if anybody doubts what you were saying before about the value, how these precious metals hold value, 2 dimes in nearly seventies bought a gallon of gas. Today, 2 silver dimes is worth $4.60. Still buy you the same gallon gallon of gas. I'm off. There you go.
[02:04:55] Unknown:
It's purchasing power, not numbers. Yes, Joan?
[02:04:59] Unknown:
Yes. Donald Trump pushed in Netanyahu's chair, and Netanyahu didn't even look look appreciative. He didn't turn around and, like, thank you. Mhmm. He he just opened that big book, like, let's get down to it. I'm gonna tell you what's going on right now. It's it's kinda like Yeah. I didn't appreciate that. And Netanyahu didn't seem appreciative of Trump doing that.
[02:05:24] Unknown:
Netanyahu's not appreciative of anything. He's a psychopath. K? Thank you, Joan. Thank you. Alright. Anybody else? I'm gone. See you tomorrow. Bye.
[02:06:27] Unknown:
This dude knows that. He knows that you can follow him on, like, TikTok. You can comment on his videos. Yeah. Alright. Okay. Here's the reason that I didn't turn my chair. What's your excuse? I'm gonna Hey, Paul. It's Bruce.
[02:07:24] Unknown:
Yeah, Bruce.
[02:07:26] Unknown:
Hi. Is there any way of controlling these female voices on the phone? It just goes through your head when they're talking.
[02:07:36] Unknown:
Nope. Free conference call manages the, amplitude of each, participant.
[02:07:47] Unknown:
Well, how are they kinda breaking
[02:07:49] Unknown:
the barrier?
[02:07:54] Unknown:
I I have no idea, Bruce.
[02:07:58] Unknown:
Okay.
[02:07:59] Unknown:
I don't I don't have any control over individual channel volume.
[02:08:04] Unknown:
Okay. I didn't know. Alright. The only thing I have is control
[02:08:07] Unknown:
over the, the only thing I have is control over the the feed in and of itself.
[02:08:16] Unknown:
Oh, yeah. Okay. Slow. Alright. Thank you.
[02:08:20] Unknown:
Well, Paul, I think it's good looks and charming personality. That's how they break through.
[02:08:27] Unknown:
Yeah. I guess.
[02:08:29] Unknown:
Hey. Hey, Bruce. Paul's Yeah. Addressed it with the individual people that have been told loud, and they have not corrected themselves. So they need to be the ones to correct it by putting gauze over the phone or whatever. But they've been told plenty of times that they're and and it'll get through them one day way or another.
[02:08:55] Unknown:
Okay. Found when I turn the volume down, all I do is just turn the crackle down. My speaker is still suffering.
[02:09:07] Unknown:
And some of you are really low just like the fellow that was talking a second ago.
[02:09:12] Unknown:
It just goes to your head if you guess the earbuds on.
[02:09:16] Unknown:
That's because the crackle is that's because the crackle is coming from the FCC server to the FCC client. So if you turn it down, the crackle is still there because they're overdriving the input of FCC.
[02:09:36] Unknown:
Morning, Tom.
[02:09:40] Unknown:
Hell, yeah. They're clipping. A lot of them are clipping. It's so bad. It's ridiculous.
[02:09:45] Unknown:
Yep. And I try to keep an eye on it, but right now, I'm I'm really crippled. All I have is a mouse. My, my keyboard took a powder when it got dripped on by my ceiling. So
[02:10:05] Unknown:
Backup keyboard?
[02:10:08] Unknown:
Nope. No backup keyboard. I am, I am computing by osmosis.
[02:10:14] Unknown:
Sounds like there's a hole for a birthday present there.
[02:10:21] Unknown:
Yeah. Yeah. I guess I have a Yeah. Actually, I was I was gonna I was gonna suggest that, you know, anybody that wants to get me a a birthday present, they can go to the matrix docs and up in the upper left hand corner, go to the GoFundMe Radio Ranch support link. Send me a couple of dollars. Maybe I can get a keyboard.
[02:10:48] Unknown:
Hey. I have a question for Tom. Tom still there?
[02:10:54] Unknown:
Yes.
[02:10:56] Unknown:
So I have a family member who, got their identity stolen, and they opened a bank account, I guess, at a Walmart bank and bought a TV, you know, so she's got a thousand dollar or something, dang on her credit. How how would one do you handle that through the bank? Do you know anything about handling that problem?
[02:11:20] Unknown:
What you gotta do is you she has to she has to contest it at the credit bureau. Okay. Okay? So you gotta write to the credit bureau. You gotta file you gotta file a dispute at the credit bureau. Check all three.
[02:11:34] Unknown:
Yep.
[02:11:35] Unknown:
And, file a dispute and make them provide the evidence and then you can dispute it. Okay. Thank you. Walmart Walmart doesn't just you know, doesn't come back, and they have to remove it.
[02:11:46] Unknown:
I I gotcha. And is there, any website or anything that goes over that process?
[02:11:55] Unknown:
Just just go into, well, you can do a Google search. You know? Okay. Alright. Someone someone charged something. I'm using my identity. You can also I don't know if the CFPB is still going because I know that something happened with them, but you can file a complaint with the Consumer Financial Protection Bureau. And also, if the credit bureaus refuse to take it off, you can file a FCRA complaint, which is a Fair Credit Reporting Act complaint. And if they don't clear it up, you know, it's worth a thousand bucks. Because they're gonna have to prove that she did it. See?
Right. And if she didn't she didn't do it, where where was the where was the product purchased and sent to? It was a different anywhere near her? You know? There's a whole bunch of stuff. Yeah. It was it was out of state. Yeah. Okay. So, you know, that's that's fraud. Yeah. So they, you know and she disputed it with Walmart?
[02:13:06] Unknown:
I haven't gotten the full story from her yet. Okay. But she she but listen to this. She did have LifeLock. And if she called them and they wouldn't help with beans, I'm going, well, you know, it was advertised on Fox and Rush Limbaugh, I think, and just goes to show you
[02:13:24] Unknown:
or shows to go She had she had LifeLock and they didn't help.
[02:13:29] Unknown:
Nope. Ten years she paid. Wow. Ten ten years she paid them.
[02:13:36] Unknown:
That's, that's because they should they should have helped. They should have been able to help. You know? Well, then someone's fixing you with the with the whole thing. Comment. You know, LifeLock has a guarantee on it. So, you know, if they can't do it, then something Comment. You know, you need to get you need to get the whole story here. Yeah. Because there may be something else going on that you don't know. I understand. Did she let somebody else use her credit card or something or, you know, you know, something something you need to get to the bottom of it. But, have her just have her discover the credit bureau that they've reported it and filed and dispute it right there on the website.
[02:14:16] Unknown:
Yep. Okay. Alright. And and that, that, you talk talked about a federal RCA, RCA. Was that what that was again? The f
[02:14:28] Unknown:
the FCRA, the Fair Credit Reporting Act, that you would file if the credit you file a complaint with the credit bureau. If they don't fix it, then you file an FCRA complaint. Okay. And then, and then they have to, you know, then you get more court action out of it. So I gotcha. They're they're gonna have to prove that she actually did it. And if they can't, then they have to take it off. Most times, the credit bureau will take it off. Alright. You know? But Thank you so much. But how long how long ago how long ago was this? Twenty one.
Twenty twenty one? Yeah. And and she didn't do anything back then?
[02:15:10] Unknown:
Well, she she had a, husband that was she was taking care of dementia, so she was kinda sidetracked. Okay. She didn't but she didn't dispute it in any way, shape, or form back then? I don't know. I haven't gotten the full story. I guess she left it up the life lock, and that's that's that's the story I got.
[02:15:30] Unknown:
You know. Okay. Alright. Well, just tell her to if it's still on her credit if it's on her credit report, just file a dispute. Just come on the website and dispute it. It's really easy. Okay. Thank you. Appreciate it. Okay. Bye. Yep.
[02:15:44] Unknown:
And somebody was gonna make a comment on LifeLock. I'd love to hear it.
[02:15:49] Unknown:
Yeah. So LifeLock has a guarantee, but the guarantee is if they can't fix it or they don't fix it, they'll give you their money back. So the thousand dollars that she put in, that's about all she gets back, actually.
[02:16:04] Unknown:
Alright. Thank you. Yep.
[02:16:17] Unknown:
Even though they guarantee up to a million dollars.
[02:17:01] Unknown:
Did I hear Wayne on here earlier?
[02:17:11] Unknown:
Yes. But I think he's gone now.
[02:17:16] Unknown:
Okay. I thought I heard his name. Alright, folks. Y'all have a good day. Maybe see you tomorrow. Oh, I was gonna tell Roger that, well, I was told that Elon Musk changed his name on x to, Harry, h a r r y, last name, b a u l s. So I don't know if that's true, but that's somebody told me, while it I meant to tell Roger. Somebody was talking about BB.
[02:18:03] Unknown:
Uh-oh.
[02:18:04] Unknown:
Y'all y'all have a good one. Sorry. You guys.
[02:18:16] Unknown:
Y'all.
Introduction and Host Welcome
Valentine's Day Reservations and Political Commentary
Broadcast Networks and Listener Engagement
Liberal Stress and Political Cartoons
Gold and Silver Market Insights
Futures Market and Precious Metals Control
Silver's Role in Technology and Industry
London Bullion Market and Gold Movements
Bank of International Settlements and Gold Valuation
Trump's Economic Impact and Political Moves
Japanese Carry Trade and Global Finance
Mortgage Systems and Financial Strategies
Assigning Future Premium Payments in Mortgages
Fraud in Mortgage Lending and Legal Cases
Global Economy and Precious Metals Investment
