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June 28, 2022 - Health Ranger - Mike Adams
58:32
John Perez is the "crypto Nostradamus" and sees a bigger crash coming soon
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Welcome to the Health Ranger Report here on Brighton.TV.
And you've probably seen the crypto carnage that's been happening recently.
Over $2 trillion in so-called assets have been wiped out during this crypto collapse.
72 out of the top 100 crypto tokens have lost 90% of their value.
And one of the people who saw this coming, he's kind of the Nostradamus of the crypto doom marketplace, is...
None other than my friend John Perez, who also joined David Morgan with the Crypto Conspiracy series, I believe.
Now, John Perez has been right on the money about crypto crashing, and it has crashed bad.
It's bouncing around.
Some people disagree.
They think crypto is going to go to the moon and a million dollars per Bitcoin.
But John Perez joins us today to discuss why he believes that the big tulip bubble mania is coming to an end.
And why, if you want to protect your assets, you need to get into real things such as silver.
Alright, welcome back folks.
Mike Adams here, joined by John Perez.
His channel on Telegram is called Silver Is Money, and he's also got Silver Is Money News.
Those two channels are active.
John, welcome to the show today.
It's great to have you back on as we are watching the crypto marketplace closely.
Yeah, what a reunion.
It's so nice.
Everything we talked about back in November, I think Bitcoin was around $60,000, $62,000, $64,000.
And it has not stopped crashing since I started the video series and first interviewed with both David Morgan and yourself here on Brighteon TV. And it's incredible to see what's happening.
You have a lot of people even giving you testimonials where they sold at $60,000 or $55,000 and then when Bitcoin hit $17,600 I think over the last weekend, you know, you saved people a ton of money by them getting out.
We have dozens and dozens of people who sold at 59,000, 54,000 Bitcoin.
Someone sold at 64,000 Bitcoin when they saw the series.
And so now I'm just adding it up.
There were some whales that sold and joined Silver's Money, but It has been dozens and dozens.
And I'll tell you, that is the one thing I was thinking coming back here to interview.
I just love the fact that this news reporting here on Brideon and with the Morgan Report was so great because there was accountability, there was follow-up, but as a public service, people were able to save money and make good decisions based on data that they came to the conclusion with.
It wasn't financial advice, it was just pretty much what we saw, risk management and Yeah, a lot of people.
A lot of thank yous.
I mean, it's dozens.
It's probably hundreds.
Hundreds of people saying thank you that they sold when they saw the series.
Well, I'm glad you pointed that out, but there are still a lot of hodlers out there who think that, oh, that was just another dip, that Bitcoin has had hundreds of dips in the past and it's going to go back beyond its previous highs.
I mean, I'm hearing this from people.
So a lot of folks still think that this tulip bulb cryptomania can go to new highs and And I just want to say, you know, you and I, we're not opposed to the technology at all.
We love decentralized money.
We love something outside of the central bank system.
I'm an advocate of privacy coins like Monero to use for transactions, but not as a store of value.
Come on, give me a break.
A store of value?
Are you kidding me?
I mean, it just wiped out the store of value.
Yeah.
Oh, my God.
It's a monstrous wipeout.
And plus, not to mention, I had said during the conspiracy series that we would see massive regulation come against Bitcoin, and it has been a tidal wave, a tsunami.
Now the exchanges are going down.
The exchanges can legally keep your money now.
They don't have to return it.
Oh, yeah.
We've got to talk about that.
Yeah.
Oh, so much.
But I'll tell you, yeah, what have we learned?
I mean, you talked about this.
You tweeted out yesterday on Telegram about diesel fuel.
And I thought, oh my gosh, right now, old school diesel, old school silver, old school gold.
We're going back to old school as technology blows back on reality.
Yeah.
Talk about Terra Luna, Celsius, and the Three Arrows hedge fund.
I think those are the three big highlights that what has contributed to this crash, this contagion, which is not done, by the way, but talk about just briefly those three.
What's been going on?
Yeah, the problem is that we talked about Tether being the original Tether.
In fact, in some of my Crypto Conspiracy series, my biggest concern was Tether, the paper backing Tether, unaudited backing Bitcoin, which is now just starting to surface.
Now people are starting to look and ask questions.
Then came Celsius and all these other groups here and these stable coins.
And actually part of these stable coins were actually involved with Tether also.
We're seeing that the stable coins are no longer stable and the lawsuits are coming in.
There are lawsuits coming in.
Coinbase is being sued.
They're all being sued because apparently stable coins are really not that stable.
I think we've got a lot more pain to go here, and it's going to cascade.
We have a cascading event still coming.
I think we're going to be under 14,000, 12,000 here pretty soon here.
And I think the FDIC, I said this with David Morgan, I think I said on New Year's Eve, I believe the FDIC is going to step in and put demands on crypto.
If you want to pose this currency and act like currency, then you're going to need to have some backing like currency.
And maybe we should look at some elements of Basel III to back this currency.
And I think that's going to be the death blow.
Well, but it's funny you mention that, because in the last couple of weeks, we've seen the U.S. Federal Reserve spokespeople talk about how, or Treasury people, how they want a central bank digital currency in the United States, and yet the dollar is backed by nothing, right?
So, I mean, the dollar is a joke, too, right?
Yes, I agree.
I tell people all the time, look, the difference between crypto and fiat is that there's an army and a military behind the U.S. dollar, and the crypto is just, you know, it's unbacked and uninsured, and it's now, in fact, there was an article that just came out today, I'll send it to you, now you have all these engineers, engineers, Financiers and leaders writing letters saying, do not support crypto.
It's been a sham from day one.
So the writing has just on the wall, has gotten harsh on here.
But yeah, back by gold.
People say, well, John, what about the dollar fiat?
I go, look, it's not much better, but it's...
Right.
dollar hacks every week, money just going up in smoke.
You hear a press release on Monday, a 600 million hack, and then by Tuesday, Wednesday, the story's gone.
Where did the money go?
It's because it's unregulated.
And it goes to a point that you made in one of our prior interviews.
You said that back in the day in 1933, when we had the big crash, there was no FDIC, there was no insurance, there was no safety net, so people lost everything.
And now it's almost, it's 1933 for the crypto people, unregulated and unbacked.
One of the other things that we've seen in all of this, especially with the Celsius collapse, is a lot of these crypto exchanges and companies, they use a lot of keywords that appeal to the younger crowd that's pretty gullible about all this, because they never lived through the dot-com crash or the subprime crash or anything like that.
So they use words like transparency and we're to serve the 99% and we're going to be open.
And then now I think the founder of Celsius is accused of siphoning off $80 million a month from that exchange system while he knew it was crashing and burning before the public found out about it.
So, you know, kind of convenient to suck $80 million off the top of that system before everybody else gets wiped out.
But I'm seeing these kinds of stories again and again and again where the crypto founders are not these magical, angelic, honest people that, They're just scum just like central bankers.
They're the same scum, just a different vehicle.
There's so much criminal behavior that hasn't been exposed yet.
In fact, in North Korea, the terror guys, they're not letting them leave the country here.
And now, in reference back to the crypto conspiracy, I talked about Executive Order 13818.
And all of a sudden, these guys are being told they can't leave the country.
And I said, this is starting to look like the terms that were put down in Executive Order 13818.
And one thing I didn't touch on in the original interview is the fact that people had said to me, well, that's a U.S. executive order.
I said, well, yeah, that's true.
But it's important to note this.
Inside the executive order, the International Magnitsky Act was built into the executive order, which makes it international, cross borders.
So it's an international agreement where law enforcement agencies and securities enforcement worldwide would participate in these things.
So interesting to see how these things unfold.
I think this is going to be a factor in the future.
And that's the wild card of the conspiracy.
Is this really a sting operation, John?
We're going to find out here little by little.
But right now, it looks like it's going down that road.
Well, what about...
There's a lawsuit, I believe, that's been announced against Elon Musk and others involved in Dogecoin.
And I think it was a $200-plus billion lawsuit claim.
Now, perhaps it'll be thrown out.
But a lot of people who bought in a Dogecoin when it was, I think, 70-plus cents, and then it fell to, what, like 6 cents or something?
Something in that range.
And then, after they lost all their money, they said, oh, it's a Ponzi scheme!
You know, we were conned.
Well, but wait a second.
If you bought in your whole...
I mean...
It was the greater fool theory.
You were going to sell it to somebody else at a higher price.
So, I mean, you got conned in the same way that you planned to con somebody else.
I mean, really?
How do you blame Elon Musk for being stupid?
Plus, unregulated.
Right, right.
The Wild West, you know?
It's 1871 out there, you know?
It's Clint Eastwood, a fistful of dollars.
Right.
Yeah, these people here were, I mean, I lost count of all, if you type in, there's a website, I forgot the name of it, but if you type in Crypto Scam, it's in the hundreds, it's in the billions and billions and billions, and where did this money go?
You know, that's a whole other conspiracy right there.
Where did this money really go?
Well, apparently, you're right.
These owners, they all go back to the owners.
There's some crazy stories.
But you can imagine how these guys are.
They're thinking, wait a second here.
All I can do...
Yeah, yeah, I have billions of dollars.
And he's just, all I got to do is hit the...
Sell button and the enter, and I got $80 million.
I'll hire a plastic surgeon.
I'll go run off in the hills and take off, and I'll go live in the Andes of Machu Picchu or something.
Who knows where these people went?
There's a lot of money here.
And because it's unregulated, you can imagine...
By the way, there's no regulation.
There's no accountability here.
I think that's going to change.
I think that they're going to hunt these guys down here.
Here's an article right here.
Headline from Wall Street on Parade.
As the speeding crypto train crashes, scientific and engineering experts tell Congress that both crypto and blockchain were a sham from the beginning.
But here's the thing.
You know, the underlying technology is not a sham by itself.
It's being applied often in a dishonest way.
But you know, I've always said, you know, I want a boring, stable privacy crypto ecosystem.
That's what I want.
I don't want to have to worry that it's going up or down.
It should never go up or down.
It should be just super...
I mean, tie it to gold or something.
How about food and silver?
Right.
We talked about food and silver.
Yeah, but I just want to be able to use it to engage in transactions so that I'm not spied on by my credit card, by the government, by the central banks.
And also, by the way, I don't want to hold dollars because dollars are losing 2% to 3% of their purchasing power every month.
Every freaking month, right?
In fact, I'm not holding any dollars, by the way.
While diesel fuel is going straight up, the dollar is going down.
I mean, it's a double whammy.
We're getting nailed across the board.
But I'm in full agreement with you on a crypto that respects the Constitution, your privacy.
It is backed by something and is pure protection for the person, for their privacy.
I'm in agreement 100%.
I always try to tell people I'm not against crypto.
I'm not against...
I'm all for blockchain.
Hey, blockchain and voting, let's fix...
We've got a problem in the voting system.
Let's put blockchain to use here.
And I think crypto has a great future as long as it's in the hands of the right people.
But judging by what's happening at these exchanges, it doesn't look like the right people were in charge when this money went out there.
Well, and blockchain could be very useful for detailing the history of food and food safety testing and so on.
And John, I got some intel to share with you today that's going to blow your mind.
And this is the first time I've talked about it.
Happened this morning, one of our major suppliers of a category of food that we sell at the Health Ranger store, and we bought from this supplier for years.
They told us today—I can't say their name, you know, for legal reasons.
They told us today that they are no longer willing to sell to us because we do too much testing.
And if our tests were to turn up a problem such as E. coli contamination, it would force them legally to recall the entire production lot from all of their other customers, not just us.
And so they are now refusing to sell to us because we test their food.
You'd think it'd be the other one.
Hey, how's it testing?
Oh, it's coming through nice and clean.
But the problem, this is a problem.
I mean, what are they really saying?
Yeah, like we're afraid that you might find something.
Yeah.
Well, I mean, do we have walking almonds inside this food?
What's going on here?
Man, it's crazy.
And the thing is, this food, we've never found a problem.
We probably tested dozens of lots and we've never found a problem, but they're so freaked out now about any scrutiny.
And the supply chain situation, food's becoming more scarce.
They don't want to take any risk at all.
So we have to drop them and find another source.
But think about it.
There's a lack of accountability in food and in crypto and in the stock market and so many areas.
It's just scam after scam after scam.
And anybody like you and I that want to do, like, let's test this.
Let's have real transparency.
Let's really look at this.
They don't want anything to do with us.
Because, you know, they're running scams.
I'll tell you, one of the unusual things about the crypto conspiracy was when we talked about Epstein being involved with Bitcoin, is how many people that were professionals in the industry ignored that.
And that's a big red flag.
And it's very similar to what you're talking about with these food people here.
What are the standards here?
It's like, I just want to look the other way.
We don't want to talk about that.
That's right.
And it goes back to, like you said, accountability and follow-up.
Nobody wants accountability or responsibility here.
And that's really why America is in a tailspin in every category.
There's no responsibility, no accountability, nobody gets punished for anything, and good people are punished every day for telling the truth, doing the right thing, and just trying to live a normal life of freedom away from tyranny.
So, yeah, one of the elements of tyranny right now is literally lawlessness in the white-collar suites of America.
In the C-suite, we have lawlessness going on.
We have literally corporate tyranny going on and oligarchy while the little guy trying to start a business is like getting hammered while people are getting away with no accountability, no responsibility.
Well, that's the thing.
There aren't very many safe refuge destinations now financially for people.
I know a lot of people went into crypto thinking that this was an alternative to the dollar, and then they just got hammered hard in crypto, and they realized, oh, it's not digital gold after all, is it?
Some people have gone into gold and silver.
Now, gold and silver have settled a little bit from their recent highs right after the Russia invasion of Ukraine, but still, I mean, the stock market The average portfolio is down 30 plus percent this year.
Crypto fell 70, 80, 90 percent depending on the token.
Gold and silver might be down like 7 percent or something, but it's really holding steady compared to everything else right now.
I just posted an article on my other channel called Real Estate 911.
I was going through all the real estate investment REITs, all the real estate investment trusts, and the lowest one is down 29%, then 34%, 35%.
I believe the commercial REITs, these are the big ones here, down 37%.
Wow.
With the Dow 52-week lows, NASDAQ 52-week lows, Bitcoin hitting 52-week lows.
We have big problems.
There's really not much left.
And some people would say, well, you know, the spot silver's down.
I said, yeah, but if you go to the coin store and walk in there and say, I'd like to buy an ounce of silver at the spot price right now, the coin guy's going to look at you and just laugh.
You know, what are you waiting?
Wait, wait, knock, knock.
Where did you get the idea that the spot price is the real price?
Well, it says it's $22 today.
Well, it's going to cost you $30 for that coin.
Yep, exactly.
Premium here, you know, and I tell people, John, you know, what do you think the real price of silver is?
I said, go get a price of a tenth of an ounce of silver.
You're going to pay, it adds up to about $50, $53 per ounce, for a tenth of an ounce, $5 for a tenth.
That right there, to me, is probably more realistic as to what the real price of silver is, because you can't get that tenth of an ounce for $2.20.
You just simply can't.
So the spot price of silver has lost all credibility now to people that are professionals in the industry, because we know it's being manipulated in the paper markets by the cabal.
Exactly.
And remember, folks, you don't own it if you don't have control over it.
And this is why some people are now demanding the stock share ownership documents of the stocks they own through an investment fund or something.
They want to make sure those stocks are not in the name of that investor, but rather in your own personal name.
People are pulling out of certain companies.
They're like, I don't want to own stock that's being managed by this big company that's doing all this.
Conservative investors are now becoming activist investors.
I'm not going to invest in this stock because it's managed by that company that does X.
And that's happening in the mining sector too.
I'm seeing that with people saying, I'm not going to own this stock here because it's connected with this company here.
And I get it.
But now people are starting to fight back, not only with their wallets regarding freedom and freedom from tyranny, But people are responding to what they see in the deep state in the financial system and making moves.
And it's great.
I think it's great.
I think it's part of the awareness campaign here.
A lot of people avoided the crypto space.
You know, apparently there was a buzzword out there.
It was kind of a dirty word called boomer.
It's turning out that the boomers may have been right all the time, that silver and gold, old school, turning out to be real money at the end of the day as Bitcoin goes off the cliff, literally.
Well, the boomers have been through the doom and gloom, so they're actually doomer gloomer boomers.
They've seen it all, right?
I mean, look, I wouldn't trust anybody under the age of 50 with my money, that's for sure.
That makes sense.
I get it.
I mean, you know, if you're 25 and you think you reinvented the whole economic system because you're sitting on this spreadsheet, you got numbers on your screen, I'm like, come on, that's going to go away real fast here.
And we just watched it happen.
We just watched the implosion.
Yeah, well, talk to us about that.
You had predicted $4,000 as the price point for Bitcoin.
Number one, do you still think it's going to go to $4,000?
And what do you see for the rest of the year for crypto?
I currently were in what I would call a sick dead cat bounce.
I expected a rejection around the $21,000 range, which we're there right now.
So it's not just a dead cat bounce.
This is a sick dead cat bounce.
And I've...
I told everyone on my channel, I said, I will open up a bottle of champagne when we break 20,000 and go through 18,000.
And it hit 18,000.
In fact, it was you texted me.
It went through 18,000.
I thought, well, I sent out an alert, breaking news.
Mike Adams just told me, you know, Bitcoin's down to 18,000.
So I had already put a bottle of Dom Perignon in the refrigerator.
And I thought, well, we're in the first stages of the end of the silver silo where Bitcoin dies and silver flies.
So we're almost there.
We need one more.
The next one is the champagne is already in the refrigerator.
When we break 14,000 and we touch 12,000, that's when we're going to go into the psychological despair phase and then the capitulation phase at the 12,000 to 10,000 range.
We're going back to Okay, let me ask you this, though, because someone watching this is going to ask, why are you celebrating the demise of, quote, wealth in people's portfolio?
Like, why are you happy that people are losing what they think they have in Bitcoin?
Do you have to know the silver psyop to know that?
Like, I did a series with David Morgan, and it was called The Silver Psyop.
Well, actually, number three got about 12,000 views.
And the people that watch that contact me said, wait a second, you're telling me that silver and Bitcoin are joined at the hip?
I said, absolutely.
You're going to see when Bitcoin goes off the cliff, you're going to see silver take off.
And people say, well, that would be normal because it's a real cash.
I said, no.
I said, there's more to this story here.
An important piece people forgot was the fact that Bitcoin had relationships and was connected directly with Jeffrey Epstein, but who was Jeffrey Epstein's banker?
It was Jamie Dimon, the largest holder of silver, the CEO of JP Morgan here.
Hold on, John.
We've got to wrap up this segment here for Brighteon.tv, but stay with us on the other side.
Your channel for people who want to follow you is SilverIsMoney.
That's on Telegram, and you are prolific there.
You put out a lot of material, everything, audio, memes, headlines, links, all kinds of stuff.
So check that out, and then this interview continues on my channel on Brighteon.com.
We're going to go into some more detail here.
So thank you for watching today if you're watching on Brighteon.tv.
All right.
Thanks for sticking around, John.
So, yeah, you know, I'm glad you explained that because you don't wish, you know, wealth destruction on anybody.
What you're talking about is getting back to honest systems of money where people prosper and they're not, you know, wasting their time following fictions that are going to be disappointing.
Is that a pretty good summary of...
Yeah.
And part of my conspiracy, I talked about that there would be intelligence agencies and nefarious characters taking this money from people.
And I gave warning after...
And I can't tell you how many people come to me and say, man, you're right, the money just disappeared.
I said...
I have a saying in my channel.
Rule number one, we don't lose money.
Rule number two, we always make money.
So saving people from losing money is rule number one.
There's nothing worse than seeing people lose a penny of their hard-earned money or money that they potentially have made here.
So it's brutal.
And what motivated me with Bitcoin was the first crash back in 2018, 2019.
It looked a lot like what I saw in the housing crash market.
And during the 2000, when you talked about not working with someone under the age of 50, I went through the 1987 crash with my father.
We were in real estate and furniture business.
And when housing crashed, it crashed in 87, it crashed all the way in 1996.
That was a long time.
And that experience paid off when we crashed again.
This time I was ready, 2005, 2006, I was ready.
We prepared.
We got out of real estate at the top.
But I watched just about 90% of everybody I knew got wiped out in real estate.
And I thought, and people said, John, you must be.
I said, no, I'm not.
It's not fun watching good people work hard and not see the freight train, the tsunami coming here.
Wall Street was selling all this fake paper, bad paper, the collateralized debt obligations.
And yet, the average guy in the street suffered.
And I mean, I had some people that just got wiped out.
And I begged them, please, I don't want to see you get hurt.
Of course, John, you don't understand the markets.
And I got the same thing in the Bitcoin thing.
Oh, you don't understand technology.
This is technology.
I said, no, it's going to crash.
And so there's no fun seeing people lose money.
And if we can preserve some, that's great.
Get them into physical silver, real money.
You know, we got to work hard.
You know this, Mike, better than anybody.
You're going to have to work hard in this lifetime.
You're not buying something that's fictitious and sitting on it and just sitting around playing video games.
It's great.
It's a great sound.
But at the end of the day, getting that work ethic is priceless.
It is absolutely priceless.
In fact, John, I wanted to mention this little example that a lot of the so-called wealth in crypto doesn't exist.
So let's say, for example, let's say that you own a million of Bitcoin and let's say it's a dollar, okay?
So you got a million Bitcoins and they're worth a dollar.
And so you have a million dollars in assets, let's say.
But then let's say I come along and I offer to buy one of those from you at a hundred dollars.
And that's recorded in the blockchain.
Now I have one at $100.
Suddenly you think you're worth $100 million.
Right?
Because it's $100 and you own a million bitcoins.
So you think you are a hundred millionaire at that moment.
And then so when that crashes, you think you're losing like $99 million.
But it never existed.
That's my point.
It never existed.
That's right.
Well, it's like, look at MicroStrategy.
There's a stock went from $800 all the way down to $165, and now there's a margin call there.
And I thought to myself, they're taking out paper loans and stock to get loans on Bitcoin.
And then when it got really high, they took out more loans to buy more Bitcoin at a higher price, and now it's collapsing here.
And somehow, magically, they've avoided a margin call, or maybe there has been a margin call.
But a lot of people were saying, oh, Bitcoin, billionaire, micro-strategy, billionaire.
I'm like, billionaires, and from my perspective, there's an opinion here, from my perspective, if you're a billionaire, you're not taking out loans to buy your product because you can't afford to maintain it without getting a loan.
It doesn't make any sense.
And here, the corporate media, the financial media, has everyone convinced that if you have a pile of debt that's worth this much, I've got a billion dollars I have maybe 10% equity.
Well, then you must be a billionaire.
And that's completely wrong.
This is just wrong.
This is not right.
But we're in this new attitude where there's almost this fraudulent school of thought that is painting debt as an asset.
I know.
I know.
It's so crazy.
In fact, I'm really glad that Michael Saylor is a sailor because he's going to be floating on a life raft out in the Pacific like Tom Hanks from Castaway screaming, Wilson!
Wilson!
Pretty soon.
He needs to be a sailor to make it back to shore.
And that guy's in such deep water at this point.
You know, what's he thinking?
Yeah, you know, I think it was January 6th.
I put out December 21st, 2021.
I put a price.
I said, there will be a margin call at MicroStrategy.
And people were so angry at me.
I said, it's going to happen.
It's going to happen.
I said, I did the homework on it.
And now all of a sudden, you know, Peter Schiff just tweeted this out.
Just now it says, the latest Bitcoin fraud is the fake news story about a major gold discovery in Uganda.
Even sailors spread this lie on Twitter and CNBC. I've always said that Bitcoin is fool's gold, and so many Bitcoiners being so easily fooled by this joke proves it.
Well, this happens in every time gold takes off.
There's always some crazy gold story.
And I thought, you can't have this kind of gold.
Every gold market, there's just been this big move.
But, you know, it turns out that, well, they said there was like, you know, hundreds of billions.
Well, I think they were hoping that, wow, there's this abundance of gold, so gold price is going to go down.
And usually they run these fake stories right before they run gold up.
Is that a fake story?
Because I saw that yesterday.
Yeah, Peter Schiff just tweeted it out a minute ago.
Because I think it was like 320 million metric tons of gold or something that had been announced by the Ugandan Ministry of Stuff or whatever.
It's like, you know...
If there was that much gold there, there'd be 10, 20, 30 promoters down there.
You'd have an ocean of geologists down there.
Let's go inspect.
Let's go see it.
But I thought, no, no, I don't buy this one here.
The last story was...
You know, there's five quadrillion dollars on.
We're going to go asteroid mining on gold on this asteroid.
Man, if you have gold in California and a turtle poops on that dirt, you ain't getting the gold out.
You're not going on an asteroid to go mine gold.
And prior to that was a big South Korean ship.
We go, oh...
200 billion in gold on a shelf.
It turned out to be a lie.
These stories always come out right before gold and silver take off.
So to me, this is a clue that silver and gold are about ready to move to the upside.
See, that's interesting.
So they have to play all the tricks to try to suppress the price of gold and silver.
And, you know, think about it in a world where every commodity that you can think of is inflated.
Except gold and silver, right?
So, you know, copper is up, aluminum, lithium, manganese, you know, everything that goes into green batteries and solar panels and wind farms, all that is sky high.
I mean, cobalt and things like that.
But gold and silver, somehow, on the table of elements, they're the only elements that are a discount.
It's like, well, time to buy more, is the way I figure.
Well, recall, when I think I did my third interview with David Morgan, and I'm looking at the screenshot right here, Michael Saylor came out and said, sell all your gold to buy Bitcoin.
He said that when...
That's insane.
And then he said, mortgage your house for Bitcoin, sell all your gold for Bitcoin when it was at $60,000 plus.
And this dude's still on.
CNBC's got this guy on and they are just like treating him with kid gloves.
I'm like, what the heck?
Sell your house for Bitcoin?
Sell your gold for Bitcoin?
I was saying the opposite.
And I was convinced.
I thought, well, I'll do my third one because I told everyone, no, sell Bitcoin, buy gold.
And he went the opposite.
Boy, if you sold your gold back there to buy Bitcoin, you're probably not that happy right now.
Oh, yeah.
You could have been sitting on physical gold.
And that's the thing.
I keep a little stack of silver coins on my desk.
And the reason I do that, I just left them there one day and then I decided I liked it because it's a reminder that every day I wake up and it's the exact same ounces of silver still sitting there no matter what happened in the markets, no matter what happened in crypto, your silver doesn't vanish.
It's real.
It's physical.
Why would you trade that in for something that can just be gone overnight digitally?
I think this was a distraction from what reality was coming to in the system.
I'll tell you, I have a great little story.
When I worked at Monex, I had a client that came in and gave me a call.
He says, hey, I've got a box of gold I got inherited from my great-grandfather.
From the Great Depression.
And he had buried it in the kitchen under a wooden floor.
I thought, oh, that's nice.
And I thought, oh, maybe a couple ounces of coins.
He says, no.
He goes, I got a shoebox full of bars.
I said, a shoebox full of gold bars?
Bars?
Wait a second.
A shoebox, gold bars.
And people are like, what's a shoebox?
Wait a second here.
How much is that thing?
He goes, it's really heavy.
I said, what's it look like?
He goes, well, there's some really neat bars in there.
And they say Fort Knox.
And I go, what?
Fort Knox bars?
They go, wait a second.
We need to talk.
Long story short, his grandfather bought all this gold when it was like $17 an ounce.
$17 an ounce.
He had basically a shoebox full.
He hid it.
Passed away.
The kids inherited the house.
They found the gold.
Well, I did the math on this.
And I said, I got news for you.
He goes, can you give me an ass?
What is it?
I go, that gold is worth like $1.9 million times 650 ounce.
That was 650 bucks.
That was back in 2007, 2006.
Yeah.
He says, you're kidding.
I said, well, it looks like you could send your kids to school.
He goes, what would you recommend?
I said, don't sell it.
I said, but I think it's worth more than that.
I said, well, I said, those bars that say Fort Knox, those are probably worth double the spot price.
You can't get those bars anymore.
That story went by.
Fast forward today, because I keep that story up in my notes here, that box of gold right now is worth like $5 or $6 million today.
When it was 1.7, nothing, just sit in the box.
And I told him, I said, dude, if I were you, I would just wrap that stuff in the box and throw it back under your floor again.
Forget you're on it.
If you got bills to pay, you got kids you want to throw to college, maybe yank some out and send your kids to school.
But then looking back, maybe that wasn't good advice.
Your kid came out of school like what?
Yeah.
Brainwash.
You pay to have your kid brainwash with the gold.
You shouldn't have sold your gold.
Anyhow, yes, don't get rid of your gold.
Hold on to your physical silver and gold.
But isn't there a point, though?
Let's see.
I mean, I've talked about this where the dollar is going to collapse.
The fiat currency global debt system is going to implode.
And at some point, you might have secession of states in the U.S. You're going to have nations fall.
There's going to be revolutions.
Governments will fall and the new ones will rise up.
At some point, and I've talked about Texas, Texas has a gold depository that actually has billions of dollars of gold in it.
At some point, like if Texas announces, okay, we're no longer part of the U.S. And by the way, the Texas GOP just officially said that Joe Biden is not the president, by the way.
Did you know that?
They just declared that.
So Texas, I know.
So Texas could just say, hey, we're our own country, and we're going to have our own currency, and it's going to be backed by gold.
And Texas might announce, hey, everybody, turn in your gold, and you're going to get these Texas currency, which is backed by gold.
Wouldn't it, I mean, at least something to consider for people who have been sitting on gold at that time?
The conversion rate would probably make them very, very wealthy, and they could get into the new currency that's backed by gold and then operate in the economy that's now new.
Is that something that people should consider as maybe a future thing?
You know, I'll tell you, I've had clients that have sizable positions that store it.
If it becomes a currency in Texas, you might find yourself making a deal with the banks or the bullion depository and saying, hey, I would like to deposit my gold at the depository.
And I would like a credit line on my gold.
I want it still mine.
I'll take a credit line on it and I will back it up.
Banks are probably going to say yes, because if it's working on any type of fractional system or even just a one-to-one system here, they're always going to have that security asset there.
And the person's like, well, I can't pay my money back.
Well, great.
Well, we'll just keep the gold.
You know, I think that makes sense.
And I'll take that one step farther.
Texas is in the position.
Texas is a mini Russia.
Let's face it.
Texas, as big as it is, has the oil.
They have the oil and the gold.
They can back a Texas dollar with oil and gold and oil is going to 150 bucks a barrel.
I mean, that's literally like, well, that's what Vladimir Putin is doing.
They've got commodities and they've got gold there.
So that makes a lot of sense.
I love the Texas Bullion Deposit.
It's the only depository I actually refer out, recommend.
Oh, is that right?
Yeah.
Yeah.
And also, I think, you know, people are thinking that if they're stockpiling gold coins, that as the system collapses, they could acquire assets by buying them with those gold coins.
So somebody might sell a ranch.
Maybe you pick up 100 acres for, I don't know, like, you know, 20 gold coins or whatever it ends up being.
You know what I'm saying?
Or you pick up a vehicle or a business.
You buy a hotel with a few ounces of gold.
I mean, that's happened throughout history.
I think we're going to see...
In fact, I had a gentleman mentioned, said that there are some big legacy ranches that are up for sale in Texas.
People are making changes in their assets, what they own.
And of course, having land, getting land on a good deal is always great, especially if you can grow your own food, have your own water, and just not have to deal with...
You know, GMO food.
I'm going to grow my own healthy food.
Non-GMO food.
I'm going to source my own food.
Absolutely.
I think that makes sense to look at those angles there.
And look, I think there's a time coming.
I really believe that we're going to have a time where we may see banks Local banks, state banks, or even depositories say, listen, why don't you deposit your silver here?
And we'll give you a credit line based on your deposit of silver.
And we'll make an agreement.
Here's what you pay on this.
It's your silver.
And the price of your silver goes up.
Well, you know, you have no interest.
Why?
The price of silver is going up.
So it adds to it.
It goes up and down.
We had something like that going on when I worked at Monex where we had, I had people just working on these, the price of silver would go up.
I said, your equity is going up.
So you can do this or you can do that.
And it's a balancing game there.
And it's legit because you're not dealing with just a pure unbacked fiat.
Well, I guess people are going to have to navigate and look at the risks and how crazy things are because what you're talking about there, remember that when you hold silver yourself, you have zero counterparty risk.
But if you loan silver to any institution, now you have counterparty risk.
You have to trust that that institution is going to fulfill their side of the contract and not just seize your silver and run away.
Which has happened before.
Well, you know, it's like the Texas Bullion Depository.
I remember, I believe it was 2015, Kyle Bass yanked out a billion dollars of gold out of the New York Fed and said, screw it, I'm out of New York, and went and started the Texas Bullion Depository.
So, I mean, Kyle is a mega gold bull and a Texan, all fellow Texan also, and And my thoughts, well, if Kyle's got, I think he's got the University of Texas gold trust there at the Texas.
My figure, well, if Kyle's got his gold there, then I trust that place.
Because Kyle's been around for a long time, and he's a pure gold guy.
And he's a Texan, too.
So he knows, you know.
Well, right.
And whoever's running that, they know that Texans are armed.
And if you steal gold from Texas ranchers, they're going to come find you.
You can't imagine if they decide to keep everyone's gold, it would be like, well, look outside.
There's like 50,000 Texans out there.
They all got cowboy hats and rifles and guns.
And they want their gold.
And they want it now.
Well, what are we going to do?
Yeah.
How much food can we hold out for?
It's like, we would like our gold.
So here's another thing, though, too.
I really see that happening here.
If we go to a one-to-one system here, the people that had gold and silver will be able...
I think we're going to see that time where a bimetallic system is going to be where you can say, okay, let's say I got X amount of gold.
I'm going to put...
This percentage at this institution and take just a little loan out here, do everything on cash, and just have their...
Well, imagine in the past, you'd go there and say, I'd like a loan.
Well, what's your credit report?
Well, we're going to hit you with this.
You're going to pay interest.
It's like, no, no, no, no.
My silver, my gold, I will make the terms on this year.
I will pay for the storage and you will loan me the money.
And that's it.
Okay.
That sounds like a fair deal.
That sounds like real banking to me.
Yeah, exactly.
That's not real banking, that's for sure.
Right, right.
Well, okay, so final thoughts, John, because we're almost out of time for today.
We've covered a lot of territory.
This is always fascinating.
You and I, I feel like, could just talk for many hours about all these issues.
But, you know, I mean, every day, the big news is that you are being proven right again and again.
And again, and it's the older, it's the boomer mentality, actually, which is more conservative, more risk-averse, and not trusting in, you know, new ideas until they're proven over decades, right?
But the boomers are being proven right.
So what are your thoughts for anybody watching here?
What should they take away from this?
Well, you know, I actually make a special outreach because I've had a lot of kids.
Kids, young 20s, 22, 23, and send me a message.
Hey, man, I'm 22, 23.
I saw your message.
I sold my crypto.
And one guy wrote a message yesterday.
He said, I finally understand what it means to respect a boomer.
After watching your video, I thought...
Right on, man.
I said, look, we're all in this together.
We're not against you.
Someone told you to be against us, but people like us, we don't want to see kids suffer.
You're young.
I want you to be successful, but legitimately.
What do we get out of this?
That we can all learn from each other.
And it goes back to something I learned as a kid.
My parents say, respect your elders.
You can learn something from them.
I'm sure you've got a grandparent.
You've got a parent.
You've got an uncle or aunt.
Probably my age.
They probably learn a thing or two from them here.
And right now, the boomers that said no to crypto are all of a sudden sitting on the fence just going, I told you so.
You know, I mean, not fantastic, but, you know, we're learning this right now.
No, but part of the problem is, you know, in our generation, we were told, respect your elders.
Now, today's younger generation, they're told to inject your elders with vaccines, which is killing them off.
And then grandma's not around to tell you what a fool you are to put all your money in something that's not real.
It's like grandma could have told you, don't do that.
But you killed her with the vaccine.
So, I mean, it's your own damn fault, right?
Right.
Yeah, you know, Octavia, we live in very...
It's crazy time.
It's exciting, but it's also an exciting time to be alive.
I mean, what better time to say, we lived through this, we made it through that, we came through on the other side, we made it.
You know, we're going to have, there's going to be refugees from crypto, there's going to be refugees from fiat, both sides are going to have fiat, and there's going to be a lead pack of people who were conservative and took the right road.
It's like, well, you know, we went old school here because throughout history, silver has always been money.
Silver has always been, gold has always been money, and it was only since 2008, 2009, that suddenly someone said, well, this guy, Sailor, said, sell your house and buy Bitcoin.
Sell your gold for Bitcoin.
I'm like, who is this dude?
You know, I've been in gold professionally since 2006.
This guy's selling gold.
Well, now he's underwater.
You know, now it's like Warren Buffett says, when the tide goes out, we see who's got their trunks on.
Well, this dude, this dude is butt naked at the beach, you know, this tide is on its way out, you know, and we're going to see who's got any clothes on, you know, and hopefully you got some underwear on too when it goes on.
No, I want everyone to succeed.
I am not against crypto.
I am not against blockchain.
I'm all for success for everybody.
As long as it's legitimate, it's on the table here.
We can all make it.
We're all in this together at the end of the day.
I'll just add to that that there is a whole generation of crypto, quote, investors who are going to realize you can't actually generate wealth By just running computers to solve mathematical problems and taking money from people while producing nothing that's real.
And that's a very important lesson.
I mean, if you look at the inputs on crypto, it's electricity, it's time and money and computer hardware, and the outputs are what?
Did it create food, energy, transportation, labor?
No.
Minerals?
Nothing.
No, it didn't create anything except a spreadsheet that you guys are passing around with larger and larger numbers on it so you think you're billionaires.
That's not real, folks.
And it's going to be a hard lesson for people to swallow.
Yeah, it's brutal because a lot of people went into this...
Look, I get it though.
I mean, some of the funniest memes I've ever seen in my life were people...
There was a picture of some guy laying on a couch and it was some girl in a bathing suit laying next to him or just staring and watching the chart go up.
It was like a meme, you know?
I thought...
Well, this didn't happen when I was a kid.
What is going on here?
And of course, you're looking at it.
Everyone's being really impressionable.
It's like, okay, I got the Lambo.
Everything's going up.
There's some people that walked away with a ton of money, but at the end of the day, look, the last thing you want to do is grow up later in life and not have a good work ethic.
You've got to have a good work ethic.
Exactly.
This is not...
I said this with...
Well, you and I talked about that.
I said, you know, this generation...
You know, when you went to playing sports as a kid, you got a participation award just for showing up.
But, you know, maybe that wasn't a good idea.
Maybe you should have got an award for winning something and learning how to lose.
Losing is important to learn.
Winning is important to learn.
They're both equal.
You got to lose to win.
In order to win, you have to lose your way to winning here.
You can't just show up and just become, I'm a world champion investor because I got Bitcoin.
I bought 10 Bitcoin at 125 bucks.
Now it's worth 60 grand, so I'm a millionaire.
You know, so, great.
Make money.
I'm all for it.
But, you know, that whole idea that crypto was hashtag drop gold.
They taught people, drop your gold for crypto.
The other thing, I mean, I'm sorry to keep you, but...
It's so obvious throughout history.
You have these fads.
You have the madness of crowds.
People get swept up into these movements.
And in every case, whether it was the railroad boom in the 1800s or the tulip bulb mania, I think back in the 1600s or South China Sea bubble or whatever, you know, or the dot-com boom that burst in 2000.
In every case, all the sheeple Who went with the herd, thought that they were acting as individuals and thought that they had beat the system and thought they had figured something out that previous generations had failed to figure out.
In every single case, it's exactly the same.
And this is no different.
Yeah, yeah, you know, it's a big lesson is going to be learned here.
And this reminds me during the 2005-2011 housing crash, there was a lot of people that bought into the loans with the zero down loans, you had loan guys making money hand over fist.
And when the market I had a friend of mine who was a manager of a Ferrari dealer in Newport Beach.
And he's like, dude, how many Ferraris are you guys repoing today?
Because they were rolling in.
I just sat there.
The Ferraris were rolling in.
It was like reality set in.
It just doesn't work this way here.
So they went with the herd.
I mean, everyone went from These loans, zero, liar loans, this and that.
Now we got the same thing.
It's like, did we learn anything?
I hope so.
But from what I'm seeing, a lot of people didn't learn anything from this at all.
But unfortunately, this is going to be a tough lesson here.
And a lot of people made money.
They got free unemployment, free PPM COVID money that turned into this, that even the money they started with, they didn't work for.
Not everybody, but in many cases, that was the case.
And somebody got that money back.
I I wonder where it all went.
Those $400 million seizures, where did that money go?
Very interesting.
Yeah, the easy free money is coming to an end.
So folks, take heed from what you're watching here today.
No matter what your age, there's a day of reckoning that has already begun, and it's going to get a whole lot worse.
And like you said, John, we're going to find out as the tide goes out who's swimming naked.
It's most people and it's going to be an ugly sight.
Cover your eyes.
Laying around that couch all day long getting rich.
You're better off working hard in the gym.
It's going to be an ugly scenario.
I think I think the only good thing about the crash right now, it's almost, it looks to me like it appears to be a controlled detonation, a controlled demolition.
So it's giving a chance for people to roll out.
Because I think if they really want, I think Bitcoin can go straight down.
It's going to 4,200.
And then if a few other things happen here, I think it's going to likely go to zero and it'll be related to Tether.
So it's not good.
You know what?
I posted a viral on Twitter.
It went viral.
And I just put, buy silver and relax, go home.
Buy silver and just relax.
One more thing.
El Salvador, you know, which bought all this Bitcoin as it was priced very high.
Bitcoin has been dropping a lot.
And the El Salvador, I don't know, finance minister or somebody there said, no, we haven't lost any money because we haven't sold Bitcoin.
The Bitcoin.
Yeah, therefore, we haven't realized any losses.
I was thinking, this is genius.
You can ride it all the way to zero and then never sell it and never lose.
Yeah, that's not going to end well.
There's a lot of people out there.
And part of the silver SIOP was Bitcoin never goes down.
And that's why I said that's part of the psychological operation.
It never goes down.
Silver's always going down.
And to end this show, to end one of my final comments, I wanted to say this.
Silver is trading at only 45% of its high from 1980.
Well, the price of gasoline, the average price of gasoline was $0.85.90 in 1980.
In other words, gasoline would have to be at $0.40 to $0.45 a gallon right now to match the discount that silver is carrying right now at $0.22.
So you're stealing silver right now.
You're stealing it.
So stop and think about it.
Or I called it the Silver City Housing Bubble.
I said to David Morgan...
Let's say you have a, you know, you bought a house for $100,000 in Newport Beach, and then 40 years later, the house is now worth, hey, that $100,000 house is worth now $45,000.
What a deal!
And you're going, the house next door is up, like, it's now, what, $100,000 house worth $2 million.
I said, well, inflation hit that thing.
Well, how come your house?
Well, this is the Silver City Housing bubble.
Our house is made out of silver, solid silver, and it's now worth $45,000.
Would you like to buy it at this price?
Like, hell yeah!
Yeah, exactly.
Why would I spend $1 million for a house when I got yours for $45,000 made out of silver?
That's where we're at.
I mean, we're in, you know, voodoo economics, you know?
It's like, what is happening here?
So the Silver City bubble right now, gasoline would have to be at 45 cents And housing prices would have to be at 1980 prices to equal, at 50% of 1980, to equal the discount that is built into silver today.
And that's why silver is going to have the big upside when it moves with gold and silver combined.
And platinum and palladium too.
I think that's the craziest number.
Wait a second.
So gasoline was 85 cents a gallon in 1980.
Well, it's nine bucks now.
Seven dollars.
So even if it was half that, it'd be still 350.
It'd have to go down like 80, 90%.
And to me, that is the true undervalued scenario we have with silver right now.
And I believe that's why the upside is going to hit silver really, really hard.
And people are going to be just, the whole world will be collapsing.
There'll be some, why is this guy dancing around the street like you won the lottery?
Like, yeah, you got a bunch of silver.
I'm like, and everyone's like, oh, you know, I think we're going to see that.
Well, and then everybody will wish they would have bought silver back when it was, you know, $22 spot price.
Yeah, exactly.
And then they'll try to buy in when it's like $50 because that's when they think it's worth something.
But anyway, you know how that goes.
But thank you, John.
It's always great to talk with you.
We had a lot of fun today, covered a lot of important issues.
I want to remind people your channel again, Silver is Money is on Telegram.
So thank you for joining me today, John.
Thank you very much, Mike.
Have a great day.
Okay, you too.
And for those of you watching, feel free, as always, to repost this interview on your own channel or other platforms.
And be sure to check out John Perez's Telegram channel, like I mentioned, because it's got a lot of information there.
Some days, I don't know if it's how much coffee he drinks or what, but you're just getting pummeled with all kinds of intel and info all day long, and you can stay informed because John is watching everything happen in real time.
Exactly.
No equal.
We have no equal.
There's the best intelligence and predictions in the world are at Silver's Money on Telegram.
Awesome.
It's true.
Yeah.
And then you came up with a Kaliningrad story this morning.
Fit right in.
So much good intelligence out there right now.
The world is changing.
It's a great place to be.
Yeah.
Silver's Money on Telegram.
Oh, yeah.
Watch out for those nuclear-tipped Iskander missiles, quote, short-range missiles from Kaliningrad that can reach, you know, freaking Warsaw and Berlin, by the way.
So there you go.
Something to leave you with.
Yeah.
How high will gold and silver be when the first nuke goes off?
There's a question for you.
It's going to skyrocket.
I'll be happy.
I've had an opinion ready to go.
I think when China makes its first move on Taiwan, in my opinion, I think we're going to see silver make the move on $30, and then we'll start to see the move towards $30, $33 based on...
July, we're going to see Syria, Israel, Iran.
That's going to blow up in July.
And then it's going to go on for a while.
And then Taiwan and China is going to move.
And then all hell is going to break loose here.
And we're going to see things move.
Because right now, the price is silver here.
It's like...
There's no reason for it to be down here, other than the fact that it's manipulated.
It's going to take a damn near world war, a nuclear war, to move the metal.
Unfortunately, that's what it's going to take.
And that's what I believe is going to happen.
We're going to see some really, really bad things here.
And it's going to catch everyone's attention, but it's going to catch gold and silver on fire here, starting in July.
Okay.
All right.
Important information.
Thank you, John, and thank all of you for watching today.
And I'm Mike Adams, the founder of Brighteon.com.
And remember, we built this platform so we can have these kinds of conversations that would be censored anywhere else or most conventional places.
All right.
So thank you all.
Have a great day.
Take care.
Thank you, John.
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