BBN, Mar 11, 2024 – Ukraine, Germany and Western Europe are COLLAPSING...
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Welcome to Brighteon Broadcast News for Monday, March 11th, 2024.
I'm Mike Adams, and thank you for joining me today.
We are building the infrastructure of human freedom, and we're doing it with honesty, ethics, morality, and truth.
You can support us by shopping at healthrangerstore.com.
Let me tell you what we have coming up today.
All right, major news.
Today is the day that the bank bailout program called the Bank Term Funding Program stops making new loans.
So this should be interesting to see what happens to banks from here forward, especially as the commercial real estate market is collapsing with all the refinancing that's coming due, not only this calendar year, but next calendar year as well.
I have conducted an emergency interview with Chris Olson, the CEO of Treasure Island, which is our sponsor in the gold and silver coin space.
I asked him if he would come on last Friday because gold was spiking up like crazy.
It's still spiking.
$2,188 was the spike in the last 24 hours.
It's about to break through $2,200.
And who knows where gold is going to go?
And remember, this is not about speculation in gold at all, but rather storing assets that hold value.
As gold appears to be going up in terms of dollars, it's actually that dollars are going down.
Dollars are becoming worthless.
Gold and silver are both holding value.
But this is a new record high in terms of the nominal value of gold.
It has never been higher.
So Chris Olson joins us after this, well, the Bright Town Broadcast News segment here joins us, and I have a lot of questions for him about the gold supply, silver supply, what premiums are looking like, what's the business looking like, what are the next anticipated surges in business, things like that.
Good things to know about gold and silver, and also...
Whether you should hold it yourself or put it in a vault or, you know, have somebody else vault it for you and what that entails and a lot of good questions.
So stay tuned for that.
Also want to let you know that Dr.
Sherry Tenpenny's program continues today.
It began on Saturday.
Today is episode three.
It's running for free at Brighton University, which is brightu.com, and it's called The 20 Mechanisms of Vaccine Injury.
If you miss it, you've only missed two episodes.
There are a lot still that are going to play all this week and through the weekend.
So go there and register now and enjoy the episodes.
It's free to watch.
You can optionally purchase the downloads if you wish.
Not required.
But if you do, it helps support Dr.
Sherry Tenpenny, and it helps support us as well.
And then it gives you all the files that you can just put on a thumb drive if you want, and you can hand it to a friend, you can hand it to a family member, a neighbor, a coworker, and say, here, watch this.
You have permission to do so.
Just don't post the files, you know, online somewhere, but feel free to give them to people you know and encourage them to watch it.
Or you can play the whole program for your local church or your local neighborhood meeting or at a family gathering or whatever.
If you have any family members that haven't taken the jab so many times, this would be good to play.
Otherwise, they might just yell at you.
Who knows?
Depends on your family, I guess.
By the way, don't we all have that one family member that's been sicker than a dog ever since they got the jab?
And it's always that one.
It's like you told them, like, don't get the jab.
And they said, but I believe in science.
And then they went off and took a bunch of jabs.
And then they've been in and out of hospitals ever since.
You have a family member like that?
I know I do, too.
It's crazy.
It's like, weren't you healthier before you started taking the jabs?
And they're like, no, it's just coincidence.
Really?
No.
You got poisoned.
You're lucky to be alive, actually.
Anyway, yeah, we all have a family member like that.
All of us also have a family member that's addicted to heroin, except my family member already died from an overdose, so I don't have that family member anymore.
But I know every one of our families, you always have that one that's addicted to heroin, right?
Fentanyl overdose, you know, that's what's coming.
Sad state of affairs.
A lot of that's because of the open borders, too.
China weaponizing fentanyl and just shipping it across the border to try to kill off America's youth, while China also weaponized SARS-CoV-2, originally from the DOD, sent it over to the Wuhan lab, gained a function research, dropped it back on the United States as a bioweapon, and then launched the bioweapons vaccine injection depopulation program.
Well, that was...
The government plus Trump with that one, Operation Warp Speed.
You know, if you think about it, it's kind of amazing that any of us are still alive.
Seriously.
You know, with all the fentanyl, all the vaccines, the chemtrails, the bisphenol A, the hormone disruptor, plasticizer chemicals, gender bender atrazine, the herbicide, and all that crap that they put in everything, in the food, the medicine, the water, the soil, the air.
Kind of amazing that we're alive, isn't it?
But I know how it is.
I mean, and you know, too, it's because you're informed and you avoid all that crap.
That's why you're alive.
So I'm just honored to be able to continue to reach you here today.
Let's move on with more news here.
Well, actually, back to the BTFP loan program.
That's the bank term funding program.
That allowed banks to borrow from the Federal Reserve against the treasuries they were holding at the maturity value of the treasuries rather than the actual real-world market value, which has been suppressed by 40% or 50% because of rising interest rates.
So that program is ending and...
It doesn't mean that a bunch of bank failures are going to start happening today or tomorrow or even this week, but it means that over the next several months, the pressure on a lot of these banks is going to get intense.
We will see bank failures, more of them, this year, probably in the next three to four months is my guess.
By the way, making the rounds this weekend was what appeared to be a post from the real Donald Trump account on Truth Social.
At least a screenshot of it was widely circulated.
I commented on it.
And it really got a lot of people up in arms about Trump still being in bed with the vaccines.
And this was a post...
It seems to be a post by Trump.
I have not heard of Trump retracting it or correcting it or firing the person who posted it.
It seems to be consistent with what Trump has said about vaccines in the past.
So it's a post, again, on Real Social, where Trump was responding to Joe Biden trying to take credit for the vaccines.
And Trump said, quote, the pandemic no longer controls our lives.
The vaccines that saved us from COVID are now being used to help beat cancer, turning setback into comeback.
You're welcome, Joe.
Nine-month approval time versus 12 years that it would have taken you.
So this is Trump bragging about how fast he got the vaccines into people's arms, you know, and claiming that this mRNA technology will be beating cancer.
So, first of all, again, Trump has not, to my knowledge, he has not retracted this or corrected it or anything.
They just deleted it is what it seems like and just pretended like he never said it.
Trump needs to come out and fire the moron that posted this, and hopefully it's not himself.
If he posted this, he's...
Very disconnected from his own support base.
Almost all Trump supporters know that the vaccine is very dangerous and is injuring and killing people by the millions all around the world.
And to take credit for that is...
Well, as I had a high-level...
A GOP state leader called me over the weekend and said that if this was really stated by Trump, it's political suicide.
And I agree with that statement.
It's political suicide.
How can you not know that the vaccine is bad news?
How can you still, in 2024, four years into this, you're still, or three plus years, you're still taking credit for the vaccine that's killing people?
My goodness.
I even posted, I said that I have to reconsider whether I can vote for Trump in November if he's going to say these kinds of things or even believe these kinds of things.
It's just insane.
What do you think about this?
I've heard a lot of excuses.
From, like, real mental gymnastics from people trying to say, no, Trump had to push the vaccine because that stopped the lockdowns and it got the economy back on track and it gave people confidence to go back to work.
No, that's all bullcrap.
None of that's true.
That's...
No, that's true at all.
The vaccine just straight out killed a bunch of people, injured a bunch of other people, maimed people, caused millions of Americans to become disabled to where they could not work.
You can't say that the vaccine helped the economy and Trump was trying to save the economy.
No, you don't help the economy by maiming and killing millions of Americans.
That doesn't make any sense at all.
So all the people out there saying that, oh, no, Trump had to do this for the following reasons.
I'm not buying any of it.
None of it makes any sense.
I think Trump is just still completely misinformed.
This is very worrisome to me.
He seems to be in a pharma bubble.
You know how he's always been in kind of a bubble, even during his administration.
He was in the Washington bubble.
And he didn't really go check the alternative media himself.
And he relied on the advisors around him to filter everything and tell him what's going on in the world.
And right now he seems to be in a pharma bubble.
Like the people around him that are controlling what he's allowed to hear or see, they seem to be all like Pfizer people.
And Trump thinks that the vaccine is popular somehow.
This is very worrisome.
That plus Trump's just all-out support for Israel's genocide, it's crazy.
I mean, these are two areas where Trump is supporting something that's mass killing people.
And you could call the vaccine a kind of genocide, or some people call it a vaccine holocaust.
It's certainly a bioweapon of mass murder.
So that's a strike against Trump right there.
Why are you supporting a bioweapon of mass murder?
And then Trump is all in for Israel.
And I didn't hear him say it, but I think it was quoted over the weekend or recently.
He said that something like Israel should finish the job, which if that's if he did say that, I haven't confirmed that he did.
But if he did say that, that's very disturbing because it's basically saying that Israel needs to carry out, you know, all out genocide and extermination of the civilians of Gazas So that's another genocide on top of the vaccine genocide.
It's like strike two, Trump.
What are you thinking?
Yeah.
How much mass murder can you excuse in a political candidate?
You know, there's an honest question for you right there.
And a lot of people are saying, well, this is why we're jumping over to RFK Jr.
And a lot of people are.
I saw that over the weekend, too.
A lot of people say, well, RFK Jr.
gets it about the vaccines.
Yeah, okay.
But does RFK Jr.
get it about the Supreme Court?
Does he get it about the need for domestic energy?
Because, you know, he's, RFK Jr.
is very much opposed to coal and gas and oil, and, you know, he thinks everything can just go solar and wind, and that's not practical, actually.
And where is RFK Jr.
on the Second Amendment, you know?
So, it's, I know, it's complicated, right?
It's complicated.
And these candidates don't do themselves any favors, like, and RFK Jr.
loves to be photographed with Jewish rabbis or historical paintings of rabbis that did a lot of questionable things and said a lot of questionable things.
You know, RFK Jr., he's very deep into the Jewish donor community for children's health defense as well as his own campaign.
And then Trump is all in with Israel, and neither one of them are saying, hey, let's stop the bombing.
You know, hey, it's wrong to mass slaughter all these people in Gaza.
How come none of our candidates can say, stop the bombing in Gaza?
How come none of them can say it's wrong to starve people to death?
We should have food and humanitarian aid.
Don't you sometimes feel just completely disgusted about the choices that we have?
And you sure can't choose Joe Biden, obviously.
Because he's either an amphetamine-pumped-up raging lunatic, as he was during the State of the Union speech, or he's like a diaper-wearing, slobbering dementia patient old geezer fool who doesn't know what he's saying.
He only has two modes.
It's like Dementia Joe and Dark Brandon.
That's it.
That's the only two roles that he can play.
So you can't vote for Biden, obviously.
And then...
If Trump doesn't correct this whole vaccine thing, how can you morally and ethically vote for Trump if he's going to push more death jabs?
And how can you vote for RFK Jr.
if he won't denounce the killing of civilians in Gaza?
You know what I'm saying?
I mean, he founded Children's Health Defense.
What about the children in Gaza?
It's pretty bad for their health when they get bombed.
So I'm disgusted right now with every candidate for one reason or another.
And of course, a lot of third party candidates are out there like Dr.
Shiva.
But you know how our system works.
Third party candidates don't really have much of a shot, not even RFK either.
By the way, the Democrats are stuck with Biden.
This is what's becoming apparent.
There was a really good piece by Darren Beatty at Revolver.News that explained this, and I listened to some other interviews from former CIA analysts and so on.
But Biden doesn't want to step down.
Biden wants a second term because he's got this tough guy delusion.
He thinks he's this awesome leader.
He really does.
He thinks he's a tough guy.
He doesn't want to step down.
He doesn't think he's senile.
And he's probably trying to protect himself from, you know, going to prison probably for all the crimes, money laundering that he and his family have committed.
You know, 10% for the big guy, right?
Well, he's the big guy.
That's been confirmed now by Hunter Biden.
So Biden doesn't want to step down.
And it turns out that the Democrats don't really have a process by which they can legally replace Biden in time for...
I don't know all the rules.
But according to Revolver.News analysis, Democrats don't have a system in place to replace Joe Biden now.
They can't force him out, except by the 25th Amendment.
If they invoke the 25th Amendment, which requires, I think, is it two-thirds of his cabinet has to tell him to go?
It's some number like that.
They can force him out, but then guess who becomes president?
Kamala.
Oh, and then the Democrats lose big time because nobody likes Kamala.
Can you imagine President Kamala Harris?
I mean, straight up idiocracy.
I'd rather vote for Camacho, you know?
So the Democrats are terrified of using the 25th Amendment.
They don't want Kamala to be president.
But Biden doesn't want to step down.
So Biden apparently is going to drag the Democrats to a glorified massacre at the voting booths, you know, this November, a political massacre, a voting massacre, because Biden doesn't want to step down.
And he can't win, not even with the Democrats cheating.
They just can't cheat enough.
There aren't enough...
There's no paper ballots in the world that could be printed and mailed and scanned over and over again.
It couldn't be done to cheat enough to beat Trump if it's Biden.
Now, if they put in a Michelle Obama or a gruesome Newsom or somebody like that, they might actually have a chance.
But Biden doesn't want to step down.
So, this is going to get interesting, folks.
This is going to be Democrats at war With their own president, because he's so destructive to the brand of Democrats.
It's kind of like the way the Republicans have been at war with Trump for all these years, at least the Republican establishment, the RINOs.
They hate Trump.
They don't want Trump to have any power at all.
They've done everything to try to stop him, and they've been unsuccessful.
But Trump is smart, clever, capable.
He's very strategic.
Joe Biden is none of those things.
Joe Biden can't really outmaneuver his own party.
All he can do is kind of outlive them.
All he has to do is persist because he's already there.
So this is going to get interesting.
Now, Biden is going to take a huge political hit We're going to shift gears here to Ukraine.
Biden's going to take a big political hit when the Ukraine situation collapses, and it's about to happen.
So it's very clear from a lot of the signals, things that are happening behind the scenes, that the Biden administration and the USA as a whole is about to abandon Ukraine.
And you see that with the resignation of Victoria Nuland.
Even Victoria Nuland, who was the architect of the Maidan coup, the 2014 takeover of Ukraine, the CIA operation, the installation of Zelensky and all this other stuff, she's out.
Why?
Probably because she sees the collapse coming and she doesn't want to take the blame.
She knows what's about to happen.
That there's not much support anymore for sending more money to Ukraine when we have this massive open borders problem in America.
So this so-called $60 billion still hasn't been approved for Ukraine.
Ukraine is suffering horrendous losses of key equipment.
For example...
Here's a story out of the UK Daily Mail.
Dramatic moment that Russians destroyed two $400 million US-made Patriot surface-to-air missile systems in one Iskander strike, which is a hypersonic missile, in costly blow to Ukraine.
Patriot missile systems cost up to $400 million without the missiles.
Can you imagine?
How much is it?
$400 million.
Does it come with any missiles?
Those are extra.
So why do you call it the Patriot missile system if it doesn't come with missiles?
You're just selling me a Patriot system for $400 million without missiles.
And how much are the missiles?
Millions each.
Six million dollars each.
Okay?
Can you imagine?
Six million dollars.
And you know you have to fire two missiles at every incoming target that you're trying to shoot out of the sky.
So Russia can launch like a hundred thousand dollar rocket, let's say, over Ukraine.
And then Ukraine has to launch two six million dollar missiles Out of the Patriot missile system, which costs $400 million in order to intercept the one Russian rocket.
So that means that the West just spent $12 million and Russia just spent $100 grand, let's say.
That's just an estimate.
But that's what Russia does.
They shoot out all these kind of low-cost missiles at first to clear the anti-air defense systems.
While Ukraine is just launching Patriot missiles.
And then Russia figures out where the Patriot missile launchers are.
And that's when they unleash the hypersonic Iskander missile systems.
Kaboom!
Big, big bada-boom!
Russia at first said that they struck S-300 anti-air systems.
But according to media reports, apparently it was two Patriot missile systems.
Those Patriot missile systems, by the way, are believed to have shot down a series of Russian warplanes over the last couple of weeks.
And that got the attention of Russia.
Like, why are warplanes vanishing from the skies?
Oh, it's the Patriot missile system.
And then from this story out of the UK Daily Mail, it says the following.
I'm not sure how the math works out on this, but, quote, Ukraine only had five of the Patriot systems before this strike, and each battery, with missiles included, costs around a billion dollars each.
So I don't know what a battery is.
But given that one of these costs $400 million, I suppose a battery is two of them?
Does that make sense?
$800 million and then you add a bunch of missiles and you get to a billion?
That's the only way I can make the math work on this.
Is a battery two missile systems?
It doesn't seem like much for a battery.
It seems like a battery would be bigger, like four.
But I don't know.
I don't know all the military jargon, so who knows?
Well, there goes another billion dollars.
I guess Congress better hurry up and send another $60 billion.
But even then, suppose Congress comes up with the $60 billion.
Where are you going to get more Patriot missile systems?
You see, it's not enough to just print the money.
Anybody can print the money.
I mean, any nation, any central bank.
Oh, we printed a bunch of money.
We're going to use it to send weapon systems to our allies.
Okay, well, do those weapon systems exist in the quantities that you want?
No.
Oh, so you're going to have to build them.
Yes.
Do you have factories to build them?
Not exactly.
Oh, so you're going to have to expand the factories.
Yes.
And then once the factories are expanded, then you could start actually producing missile systems.
Yes.
What year would that happen?
2027, you know.
That's the kind of answer that we get.
So $60 billion for Ukraine doesn't mean that there's like a floating barge of Patriot missiles somewhere in the Atlantic that's just going to dock and just roll out a bunch of Patriot missile systems all of a sudden.
Oh, it's been approved.
Roll out the missile systems.
No, they don't exist.
I mean, the extra ones that are being talked about, all this extra equipment that this money is supposed to fund, it doesn't exist.
They're going to have to build it.
And in many cases, the factories don't even exist with the capacity that would be necessary to deliver this stuff in any kind of a timely manner.
So it's all theater, folks.
Now let's move over to Germany.
Here's a story that cites Bloomberg, but this is covered in RT. Germany's economic backbone on the brink.
Says Bloomberg.
Berlin has curbed spending, having limited some funds for businesses that were already struggling with higher energy costs.
I wonder why there's a higher energy cost.
Could that be because the U.S. Navy destroyed the Nord Stream pipelines and cut off Germany from Russia's cheap energy?
Hmm.
Could be.
So from that story, German family-led companies, traditionally seen as the backbone of the country's economy, have found themselves on the verge of bankruptcy, Bloomberg reported on Saturday.
Owners of roughly 3 million family-run businesses across Germany reportedly see critical investments in new technologies as unfeasible or not worth the trouble due to stiff economic headwinds, elevated borrowing costs, and a proliferation of red tape.
No, no, you don't say that.
You're in Europe and there's red tape?
I thought red tape was the color of the European flag.
I thought the EU flag was made out of red tape.
So much red tape in Europe.
I don't even know how they can breathe over there smothered in red tape.
Quote, the number of small and mid-sized German companies coming up for sale has been piling up for years.
Jens Crane, head of mergers and acquisitions at Commerce Bank AG. A combination of new regulations and the need to invest heavily in transforming or scaling businesses has created a sense of, I've had enough, among many entrepreneurs.
Yeah, well, of course, they've had enough.
Because your government is at war with you, people of Germany.
Your government is run by lunatics.
Greeny-weeny climate cult lunatics.
And of course, it's not worth running a business in Germany if you have to use energy.
Because they're not going to allow you to use energy.
Germany's government is a suicide cult.
They welcome the destruction of the Nord Stream pipelines.
It's almost like they applaud it.
Yay!
No more energy!
What are the German people supposed to do?
Oh, well, I guess at some point you have to flee Germany.
You have to be refugees from your own country.
That may be happening in some U.S. states as well before very long, so I'm not mocking it.
I'm just warning about it.
I don't know if you recall this, but I think it was two years ago or so I had Michael Jan in studio.
In the Brighton studios, or maybe I was interviewing him from my old studio, but we both agreed Europe is finished.
Western Europe.
Mostly starting with Germany, but also including the UK and France.
Economically obliterated.
This is what's happening, and it's all by design.
Western Europe is being cut off from energy.
The farms are being shut down, so there will be mass famine, engineered starvation across Europe, carried out by its own leaders.
And then the people of Western Europe are being overrun and replaced by illegal immigrants.
So, yes, Western Europe is being, well, exterminated.
It's a kind of ethnic cleansing operation.
There won't be any Europeans left in Western Europe before very long.
Not the original Europeans.
They're all going to be homeless.
Or they will have to flee.
Or they will be dead.
Or Macron wants to throw them at Russia's front lines as soldiers.
Macron wants to attack Russia with French soldiers.
Oh my gosh!
These European leaders have lost their freaking minds.
Are there any French suicide mission volunteers that want to strap on a military uniform and march eastward until you hit Russia's front lines?
If you want to die, that's a fast way to do it.
If Macron sends 100,000 troops, you better have a long supply chain of 100,000 body bags because that's what's going to happen.
Have you seen how easily the British Challenger tanks get blown up by the Russian military, by the way?
Challengers just...
Tracks blown off, the turf blown off, just a smoking husk of burned out steel.
Maybe Europeans could focus on building ambulances to retrieve the bodies of the French soldiers that Macron is going to send as a suicide mission.
Like a meat attack of French zombies, like suicide zombies.
And then they could have like these armored ambulances pick up all the dead bodies or whatever parts they could still find, put them in body bags and bring them on back west.
You do realize it's all part of the replacement program, right?
What better way to kill off all the white Europeans than to just have them killed by Russia?
I mean, this is not a coincidence, folks.
There's a reason Western Europe wants to go to war with Russia.
Because they are on a suicide mission.
That's not hyperbole.
That is a statement of fact.
The leaders of Western Europe are literally trying to destroy their own cultures, their own people, their own populations, their own economies.
They've shut down their energy.
They're shutting down their businesses, shutting down industry, shutting down their militaries.
They are on a suicide path to completely destroy Western Europe, and it's working.
It's working.
It's like the only thing that they could ever accomplish that they set out to do was to destroy their own nation.
They could never do anything positive for their nation, but they sure are good at destroying it.
Here's a story out of RMX.News, which covers Europe. Swiss Senate approves the transfer of frozen Russian assets to Ukraine. What?
Remember that $300 billion that Russia has sitting in Western banks?
Well, apparently about 7.7 billion of it, I guess, yeah, that's 7.7 billion euros, excuse me, is sitting in the Switzerland banks.
So that's still a lot.
It's still a few billion.
I guess they could buy a few more Patriot missile batteries with that.
I guess seven of them.
If anybody had any spares, you know.
The upper house of the Swiss parliament on Thursday passed by a modest majority a proposal to allow frozen Russian assets in the country to be given to Ukraine as war reparations.
So, wait a minute.
Really what's happening is the Swiss parliament has voted to steal the assets of Russia and to then divert it to Ukraine.
Of course, there will be kickbacks involved.
The people approving this will get a cut.
I don't know if it's 10% for the big guy or if it's more like a 50-50 split.
But everybody wants to loot Russia's assets because, of course, the West no longer has abundance.
Western countries don't really make much of anything anymore.
They don't innovate.
They don't produce.
They don't have industry.
All they can do is basically loot and steal from the rest of the world, either by printing money and exporting inflation, which is really devaluation of the currency.
That's what the US does.
Or by stealing Russia's assets and then distributing that among your political elite.
Everybody cashes in on Russia's money.
That's what this is.
So by doing this, by the way, I think Switzerland just...
Put a big fat target bullseye sticker on their country on a map in Putin's office somewhere.
I bet you Putin has a map, like a world map, and he's probably got little stickers.
The stickers represent nuke targets.
And he's like, we're going to put sticker on Switzerland now.
Two stickers for Switzerland.
He's got a sticker for Washington, D.C. He's got a sticker for New York City.
You know, he's got a sticker for Berlin already.
Definitely a sticker for London.
He's got no doubt about that.
Paris.
I'm pretty sure Warsaw.
But now, Switzerland.
And Switzerland is so small that he only needs really one sticker to cover the whole country.
You know, how crazy is it to steal seven plus billion dollars from a country that has the most nuclear missiles in the world?
How crazy is that?
I'm telling you, the leaders of Europe...
Not the people of Europe, but the delusional cult-like leaders of Europe, they are truly living in a fairytale land, and they think that they can just do whatever they want without repercussions.
Well, Medvedev has already warned them, and Putin has already warned them, if you mess with us, you're going to pay a very, very heavy price.
I mean, Putin warned them in 2022 about that, and now they're just looting Putin's money?
How much do you want to bet?
Putin's got a calculator.
He's like, okay, how can we get even with 7.7 billion Swiss francs?
How many nukes to get even?
You know, that's...
People are insane.
Then again, the whole world's going insane.
We talked about Germany's collapsing economy.
But back in the USA, guess what?
Here's a headline from Michael Snyder, the Economic Collapse blog.
Nearly 107 million Americans do not have a job right now.
That means one-third of the country is unemployed.
I mean...
Not according to the White House, of course.
Official unemployment numbers are crazy low, you know, like 4% or whatever they say.
It's actually more like 33%.
On Friday, the BLS, the Bureau of Labor, released the employment numbers for the month of February.
We were told that the U.S. economy added 275,000 jobs last month.
But if you dig into the report, you find out that the number of native-born American workers actually fell by 560,000 last month.
In just three months, the number of native-born workers, that's American workers, has fallen by 2.4 million.
What?
Okay.
So, the Bureau of Labor Statistics...
It's saying that the economy is good because in February, just in that one month, they say that 1.2 million foreign-born workers got jobs in America.
You know, while Americans lost half a million jobs.
1.2 million new jobs for foreign-born workers, i.e.
illegal immigrants, typically.
Some legal immigrants.
A lot illegal.
This is what the White House claims.
They say the economy is great as long as you're not American.
Economy is great for illegals.
It just sucks for Americans.
So from the Michael Snyder story here, he writes that in February, 6.5 million Americans were considered to be officially unemployed.
But if you're not looking for a job, they say, then you're not in the labor force and you don't count as, quote, unemployed.
Did you know that?
So the White House says that 100 million Americans are not in the labor force.
So you add 100 million to the 6.5 million, basically you get almost 107 million Americans who do not have a job right now.
So that's a third of the U.S. population.
Even in the Great Depression, I thought that the unemployment rate was only 22% or something like that.
Now it's 33%.
Yeah, and we're living in a time of extreme inflation in food prices because of all the money printing and all the food industry sabotage.
And I would hate to be a young person today trying to afford a home.
Unbelievable.
I mean, the first home that I purchased, of course, I had to get a loan for it.
But my wife and I worked hard and we paid it off.
I don't know.
It took many years, but we paid it off and owned it outright.
And that was even considered a pretty amazing thing to do back when we first did that.
I'm not sure that...
We could do it in today's environment if we were of the same age and had to buy a similar house today.
I don't think we could pay it off.
Because of the bubble.
Because of all the money printing.
And the collapse that's coming is going to be absolutely epic.
In fact, here's a story out of the Post Millennial that talks about the collapse that's happening.
Pittsburgh police will no longer respond to 9-11 calls that are not in-progress emergencies.
So wait a minute.
So if you call the police because of a burglary, they're not going to come out.
Unless the burglar is right there, like you're holding him at gunpoint or something.
Theft, they're not going to respond to.
It has to be an in-progress emergency, like, you know, a bunch of crooks are at my door.
Oh, they're beating down the door.
They're going to come in.
Send police.
Only then they will send police.
Also, it turns out, check this out.
Oh my gosh, this is incredible.
Calls will be directed to a telephone recording unit, it says from the story, where reports can be filed over the phone.
Please leave your emergency at the sound of the tone.
Beep!
Help!
Help!
Additionally, from 3 a.m.
to 7 a.m., the city's six police stations will operate without desk officers.
Why don't they just say, ain't nobody there?
Good luck!
Hope you don't get mugged from 3am to 7am.
Just imagine Chris Rock saying it, you know?
Makes it funnier.
During these hours, only 20 officers will be available to cover the entire city.
Yeah.
Whoa.
Oh, folks, man, if you don't have a gun, if you aren't strapping, if you don't have concealed carry, and you live in Pittsburgh...
You're on a suicide mission, let me tell you.
Get yourself a good firearm, get some training, get a concealed carry class and a permit if that's required there.
I don't know.
I don't know what their laws are.
Check the laws.
That's your responsibility.
Get yourself some spare magazines and some extra ammo, some self-defense ammo with the expanding 9mm tips, you know.
Strap up, folks.
Cops aren't coming to save you, that's for sure.
And didn't they just announce?
Because they tweeted this out.
Didn't they basically just announce to all the criminals in Pittsburgh that they should commit all crimes between 3 a.m.
and 7 a.m.?
It's 3 o'clock.
We're going out burgling.
It's carjacking hour.
It's like they just announced to the crooks that this is basically the purge Four hours, I guess.
These are the purge hours.
You can go out, do anything you want.
Nobody's responding.
They only got 20 cops for the whole city.
Folks, the collapse of Pittsburgh is accelerating.
The collapse of New York City, we talked about that on Friday.
They got a thousand troops in the subway system now harassing law-abiding citizens.
Show me your bag.
What's in your bag?
Show me.
Where's your warrant, officer?
What are you talking about?
You don't have probable cause.
Get out of my face.
Now, by the way, you can't blame the cops in Pittsburgh.
I just want to be clear.
The police officers union in Pittsburgh is very unhappy about this because, of course, they're not getting the funding to hire the officers that they need because of all the woke anti-police, you know, bullcrap from the left.
They've been defunding police all over the country.
I talked about Austin, Texas last week.
Similar thing in Austin.
You can dial 911.
It just rings, man.
Sometimes.
There's nobody there.
Nobody's going to respond.
Good luck.
And the police unions...
Are very concerned about this.
In fact, in Pittsburgh, here we have a union president, Bob Schwartzwelder.
He said, quote, the staffing plan designed by police command is a direct response to a seriously understaffed police department, he says.
Yeah, he's telling the truth.
It's understaffed.
By design.
Because the liberals don't want cops because the liberals want chaos.
The liberals want violent criminals on the streets.
That's why they keep releasing them with no bail.
Here, go back on the streets.
Mug somebody else.
Assault somebody else.
Rape somebody else.
That's what Democrats want.
They want chaos.
Schwarzwelder says, quote, only time will tell if the plan works.
I can tell you now.
Plan not going to work.
Except for the criminals.
From 3 to 7 a.m.
That's when it's all going to go down.
And by the way, there's a lot of news right now about the collapse in Haiti.
Or as they say themselves, Haiti!
From Bloomberg!
Gangs in Haiti set the interior ministry ablaze overnight and attacked police stations and government offices in the capital as the Caribbean nation descends into chaos.
Yeah, let's see.
There's a fire at the ministry.
The 15-member Caribbean community has called for an emergency meeting in Jamaica to address the crisis.
Anyway, it goes on.
Basically, Haiti is descending into absolute chaos.
There's a gang uprising that's taking place.
And apparently, this is all the result of DEI policies.
As Revolver.News writes, Haiti now holds the dubious title of being the First Nation established on the substandard principles of diversity, equity, and inclusion.
That's DEI. Once those twisted left-wing ideals took root, the DEI folks in charge quickly ousted the French and even the light-skinned mulattoes following the revolution.
Obviously, blending the concept of a subpar DEI society with intelligent and successful individuals just doesn't mesh, writes Darren Beatty.
That's not how this thing operates even today.
So, rather than having the brightest minds work on solutions, he says, decisions are left to those who are ill-prepared charity cases.
The inevitable outcome of this DEI society is a chaotic scenario straight out of Lord of the Flies.
He writes, the DEI failure may have started eons ago, but its impact on IT has been devastating for ages.
Anyway, he goes on to talk about how there's cannibalism now in Haiti.
They're literally eating each other, Beatty writes.
It's like watching the DEI to cannibalism pipeline unfold.
Here we have a country descending into mayhem, now under the rule of cannibal gangs.
You want some human jerky?
Discount.
We got a discount.
Got a little extra supply this week.
A lot of supply of gangbanger jerky.
And the mainstream media seems utterly disinterested in reporting the full scope of the horror.
You're not allowed to insult anything happening in Haiti because, you know, that would be racist.
Adding insult to injury, writes Beatty, This journalist sent a follow-up message saying, cannibalism isn't widespread, but it's certainly a sign of how dire things have gotten.
It does happen occasionally.
Well, now, that sounds like CNN in front of the fires and all the Molotov cocktails with Antifa and Black Lives Matter back in 2020 saying that these revolts are, quote, mostly peaceful.
So I guess now we're going to hear that cannibalism is just...
It happens occasionally.
Well, that makes me feel so much better.
What you're saying is that people don't eat other people for all the meals of the day.
It's kind of like a snack.
It's kind of like an extra thing.
Like a bedtime snack.
You know, when you already had dinner, which wasn't cannibalism, and then later on...
You got some munchies.
You gotta have something.
The human jerky kind of fits the bill right there before bedtime.
Just bedtime snack.
Eat your neighbors.
This is what we're being told.
This is not that bad.
I can just see Governor Hochul of New York saying this in another year or two.
There's some cannibalism in the subways.
That's why we sent the troops down there to try to stop the cannibals.
It only happens occasionally, between trains, basically.
There's some cannibalism on the trains, but mostly it's not cannibalism, so don't worry about it.
It's all good.
Did you get your jab?
Make sure you take your jab.
You do realize this is starting to sound like a...
An actual science fiction movie where you have, like, brain-eating prion disease caused by the jabs and then some humans eating those humans and then getting the prions and turning into zombies and then eating, attacking, and infecting the other humans in the tunnels in New York City.
Wasn't Will Smith in a movie just like this?
What was that movie called?
Ah, yes, here it is.
I Am Legend.
2007.
I am legend.
That's exactly what that movie was.
New York City, cannibalistic vaccine zombies.
They were actually vaccine zombies.
And by the way, in that movie, I don't know if you recall that, but they said that they had developed a cure for cancer, which is what Trump now says about the mRNA injection, by the way.
Anyway, they said they developed a cure for cancer and that it had a 100% cure rate.
So they injected a bunch of people who had cancer and all their cancer got cured.
And then, sometime later, they all turned into zombies in New York City.
And they started attacking and eating other people and turning them into zombies.
It's like a prion disease.
I mean, this stuff is actually not far from reality.
That's why it's so freaky when Trump is like, yeah, these injections, you know, they beat COVID and they beat cancer.
It's like, you just ripped off the script from Will Smith, Trump.
We've seen this movie.
It doesn't end well.
It ends with the total destruction of New York City, by the way.
I mean, frankly, it ends with the destruction of most of the human population, which appears to be the plan.
Remember, when they show you stuff in movies...
Sometimes it's on purpose.
Sometimes it's foreshadowing.
It's just getting you ready for what's coming.
Like, what was that Netflix movie recently with Kevin Bacon, like The End of the World?
I forgot the name of it.
Ethan Hawke and Kevin Bacon were in it.
Now I've got to look that up.
Here it is.
Leave the World Behind.
There we go.
Netflix.
Leave the World Behind.
Now, oh, Julia Roberts was in it, too.
There were not zombies in that movie, by the way.
That's the only thing missing, though.
Should have been zombies.
But how do we grow up watching all these science fiction movies of genetic experiments gone bad, like The Fly, Jeff Goldblum in The Fly, right?
Back in the 1980s and many other movies, science fiction movies, always things go horribly wrong.
Even The Green Goblin with Spider-Man.
It's like, you know, I'm going to be strong and youthful and inject myself with this glowing green slop.
And then, you know, turns into The Green Goblin.
Of course it went bad!
How do we grow up watching all these movies and seeing all the examples of science going horribly wrong?
And then when there's a pandemic, people line up like, yeah, inject me with that experimental transhumanism, genetically altering mRNA gene therapy injection.
Yeah, go ahead.
Who's ignorant enough to do that?
How do you not know that that's a bad idea?
By the way, speaking of bad ideas and also DEI takeover of corporate America, have you noticed that all the Boeing airplanes are falling apart?
I didn't cover this last week.
There's too much other news, but there was a Boeing that tried to land in Houston and its landing gear collapsed.
And then there was another Boeing that took off from San Francisco and as it was taken off, a tire falls off.
In fact, I want to show you that video.
Alright, here it is.
Oh, the tire just fell off.
Did you see that?
Look.
Slow-mo.
The tire.
I wonder what that's hitting.
Oh, the parking lot.
Good thing nobody was in those cars.
Took out the fence, the cars.
Part of the barricade yet?
Hey, good job, Boeing.
Tires are falling off.
Doors are falling off.
Landing gears collapsing.
You know why?
Because Boeing got all woke.
That's why.
Because Boeing stopped hiring people who were qualified for the job, and they just kept on advancing people who were the right amount of woke.
The right color, the right transgenderism, the right LGBT, the right liberalism.
This is what you get.
You get a society where everything falls apart.
Like Haiti, by the way.
That's what's coming next, because the woke is still strong in Western civilization.
Bridges falling down.
Buildings will be falling down.
Airplanes are going to be falling out of the sky like never before.
That's because they don't even have people that bother to tighten the nuts on the tires.
It's like, hey, put this tire on the landing gear.
Okay.
And they just put it on there.
It's all good.
Did you tighten the nuts?
What nuts?
We don't have any nuts.
We're transgenders, you know, whatever.
It's just, they don't even...
It's a joke.
It's becoming a joke.
The world is laughing at us.
The world is laughing in America's military, our transgender military Pentagon leaders, our Space Force Colonel Commander transgender.
The world is laughing at us.
Our number one aircraft company, Boeing, tires are falling off in the middle of a flight.
It's like, are you kidding me?
This really is idiocracy.
How much you want to bet they are going to roll out these mRNA jabs for cancer, and instead of telling people to do something like take vitamin D, or stop eating toxic cancer-causing chemicals, or have a healthier lifestyle, or detox yourself, or clean up your water supply, or whatever, instead of that, they're going to say, oh, you have cancer?
Well then, just take these mRNA jabs that might alter your genes.
So, of course, millions of people are going to line up to take the cancer injections, just like millions of people line up to be injected with, like, what is it, reptile venom as a weight loss thing, so their stomach doesn't work right now.
People line up for that because they don't want to stop eating donuts and Pop-Tarts or whatever.
They want to poison themselves with reptile venom or peptides based on reptile venom.
And then they can't believe a year into that when all the nerves controlling their stomach stop working and they just vomit forever.
Like, what went wrong?
Oh my God, I'm vomiting!
Because you poison yourself for a year with basically snake venom or gilla monster venom injections?
What did you think was going to happen?
Why couldn't you just maybe not eat so many donuts?
You know, I'm tired of people making excuses for everybody.
You can't control it.
Actually, you can.
You can.
It's your hand.
It's your arm.
It's your face.
Stop feeding it donuts.
You don't have to take injections.
And by the way, you don't have to be super slender and slim.
It's just make little changes every day.
You are in control.
Work the things that you can control.
I mean, yeah, you can't control chemtrails, what they're putting in the sky.
You can't control what they're putting in the water.
It's hard to control what they're putting in the food, although you can grow some of your own.
You know, you can't control the money printing that's out there.
You can't control the war in Ukraine.
You can damn sure control how many donuts you're stuffing yourself with.
So I don't want to hear from people, oh, I couldn't control it.
Yeah, actually, you can.
That's one of the few things you do have control over.
So make healthier choices and stop injecting yourself.
But anyway, my point was that how much you want about it?
They're going to roll out these cancer jabs.
There's going to be millions of people taking cancer jabs.
And then, like, five years into that, they're going to find out, oh, guess what?
Yeah, it causes advanced accelerated neurological destruction.
All those people turn into Joe Biden, basically.
Or something like that.
Because they don't really do clinical trials anymore.
Not serious, rigorous, long-term, randomized, double-blind, placebo-controlled study.
Not that are honest.
They just pay companies to fake a bunch of trials, cherry pick the data, they forward that to the FDA, the FDA rubber stamps it as long as there's enough kickbacks and the proper number of former FDA employees get hired by that pharmaceutical company because it's a giant revolving door.
Everybody gets paid off and then boom, yeah, it's approved to treat this and that and that, but it doesn't work.
It's not really backed by evidence at all.
It's all made up.
I mean, that's how you got HPV vaccines, by the way.
It's all made up.
By the way, in the world of evil technology, OpenAI, which makes chat GPT, just named three new board members.
And this was posted by Cancel Cloco.
Yeah, Ian Carroll on Twitter.
One is a board member of Pfizer and a former CEO of the Bill and Melinda Gates Foundation.
Ah, yeah, here we go.
So OpenAI, which makes chat GBT, again, is all going to be about pushing vaccines and depopulation and pharmaceuticals and antidepressant drugs.
And you can bet it's all going to censor herbs and vitamins, nutrition, natural medicine, you know, all the things that are important to you.
This is why we're launching Brighteon.ai.
It's coming up here in just a few weeks.
And I was working hard on that project over the weekend, by the way.
Actually, I made a lot of progress on it.
We are doing amazing things with our data pipeline and our training of LLMs.
And we're going to be releasing free of charge the first downloadable open source, nonprofit, noncommercial, a large language model focused on nutrition, superfoods, natural medicine, prevention, phytochemistry, botanical medicine, prevention, phytochemistry, botanical medicine, permaculture, food preservation, medicinal herb extraction technologies, all kinds of things like that.
Our model will be, again, free of charge.
Just go to brighteon.ai to sign up for it.
Just put your email address there and we will email you when we have the model available and it'll be a free download.
You can run it locally.
So you don't have to use chat GPT if you don't want to.
And our model will be even more accurate than chat GPT on reality-based questions like how many genders are there?
And is carbon dioxide bad for plants?
We're actually putting together a list of questions with some help from some outside experts, kind of a testing system, in order to score our model versus other models, and I can't wait to share those results with you.
Another board member of OpenAI, a new board member, was a senior executive and corporate lawyer at Sony who also represented Hillary Clinton and Bill Clinton and Oliver North in the Iran-Contra scandal.
And then Sam Altman is also back on the board.
So now OpenAI is tied to the Bill and Melinda Gates Foundation and Pfizer.
Soon, it'll be like that Carl's Jr.
line out of Idiocracy.
No matter what you ask, chat, GPT, like, how many countries are in the continent of Africa?
It will answer, you know, there's 27 countries brought to you by Pfizer, you know, or whatever.
How many countries are there in Africa, by the way?
I don't even know.
All right, I had to look that one up.
It's 54, so...
Well, I was half right.
I guessed 27.
It's 54 countries.
Did you know there's 54 countries in Africa brought to you by Pfizer?
Yeah, amazing.
So, if you think you're going to get honest answers about health, wellness, nutrition, herbs, disease prevention, vaccines, medicine, anything like that from ChatGPT, you're delusional.
ChatGPT is going to be programmed to lie to you.
Just like every other, quote, official source that's out there from big tech platforms and Wikipedia and the CDC, they're all lying to you constantly, on purpose, deceiving you, telling you, oh, ivermectin's useless.
Don't touch that.
Oh, my God.
Because it saves lives.
Or everybody line up and take more vaccine jabs because it kills you.
Because this is a depopulation agenda.
So don't get your health information from chat GPT, that's for sure.
You'll want to get it from brighteon.ai, and it's free.
How cool is that?
We're going to release a new model about every month or so, by the way.
And we have a lot of content that we're using for training.
And when I say a lot, I mean, I've had to buy additional network-attached storage devices with...
Many terabytes of storage just to handle the files.
So, it's a lot.
And by the way, OpenAI is not even open.
Did you know that OpenAI was actually named by Elon Musk?
Because his original vision with Sam Altman was that it was supposed to be open.
It was supposed to develop AI technology and then share it with the world to have all of humanity benefit from this technology.
But it didn't take long before, quote, OpenAI became Black Box AI, Closed AI, For-Profit AI.
All of a sudden, it was worth billions of dollars and they wanted it all for themselves.
And that's why Elon Musk actually sued OpenAI recently saying that they committed fraud by switching everything around and now it's all for-profit.
So it shouldn't even be called OpenAI.
It should be called ClosedAI.
And they're just trying to control humanity with it.
Instead of benefiting all of humanity, they just want to control everybody.
They just want to profit from it.
And now, board member linked to Bill and Melinda Gates Foundation.
Gee, none of us ever saw that coming, huh?
I've had people ask me, by the way.
It's funny because one person I know who's been very successful at...
Earning billions of dollars actually contacted me over the weekend and said, you know, Mike, you could be a billionaire if you wanted to.
And if you put your mind to it, if this is what you want to focus on.
And to what end?
I said, look, I'm doing what I want to do.
I want to build tools to give to humanity.
I want to pursue the original vision of OpenAI, which was to build technology, put it into the hands of the people so that everybody benefits and it can create empowerment across the board.
I don't need to collect a billion dollars and then live in a world where everybody else is broke.
What's the point of that?
I never understood this about billionaires that are just greed-driven.
Now, there are good billionaires, by the way, who actually do help a lot of people and have built a lot of very useful things.
But I'm talking about the Bill Gates type of billionaires.
They just want more and more money and they want to wield it over the people and they want to withhold technology from the people.
I've never understood that.
I'm like, so you're the rich guy in a city of impoverished, homeless, desperate people.
How does that make you successful?
How does that make you happy?
Are you happy to be rich walking among the poor?
Does that make you feel like a little god or something?
It never made any sense to me.
I would much rather...
Not be the one billionaire out of a million people, but rather, I'd rather help all million people be more productive, gain more knowledge, do better in their lives, have more liberty, have more joy, have more health, even if it's just a little bit, multiply by a million people.
And then...
The society that I'm interacting with is a healthier, more abundant, more free, happier society.
That's the kind of wealth you can't put a price on.
It's not reflected in your bank account.
It's not reflected in your stock options.
And these goals are in many ways contradictory.
I can't both be a billionaire and give all this technology away for free.
Those are contradictory goals.
Yeah, I could build it and charge for it.
I could probably go to some venture capital companies or whatever.
I could raise a couple hundred million dollars, and it could be worth, like, just my stock options alone could be worth billions of dollars within 18 months.
I mean, it's a no-brainer.
Of course, I could do that, but...
I hate those people.
I don't want to deal with those idiots.
I don't want their money.
I don't want their control.
I don't want them telling me, oh, you have to change the models.
You have to make sure you're pushing vaccines.
You have to make sure it's in alignment with the CDC's official authoritative information.
Yeah, screw you, man.
I don't want your money.
I don't want your lies.
I don't want your narratives.
I would rather give it away for free and have it be honest, for God's sake.
Thank you very much.
You can't buy off the truth.
And you know what else?
You don't get points in heaven for having money in your bank account.
God judges you based on your moral character, not your material wealth.
Money means nothing to God.
In God's eyes, in fact, if you have a lot of money, you're probably likely to be extra scrutinized, you know?
How'd you get it?
What did you do?
Reminds me of a quote, a Bible quote.
I had to look this one up, though.
It's Matthew 19, verse 23.
As he watched him go, Jesus told his disciples,"'Do you have any idea how difficult it is for the rich to enter God's kingdom?' Let me tell you, it's easier to gallop a camel through a needle's eye than for the rich to enter God's kingdom.
And of course, that's been, you know, paraphrased and rephrased over and over again.
So, you know, it's easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.
And there's a lot of truth to that.
If you spend your life pursuing material wealth, then you will be distracted in some way from a greater mission that God has for you.
You can't serve the almighty dollar and serve Christ at the same time.
If you put your focus first on Christ and ethics, morality, what God's mission is for you, then yes, some riches can come to you With God's blessing, with His commandment, actually, with your responsibility, here, here's resources.
Do something good with these resources.
That's God's commandment to you.
But first, your obedience has to be to God, not obedience to riches.
The only riches that count are spiritual riches anyway.
I'll tell anybody who asks me, when I die, I'm going to leave behind An infrastructure, a legacy of infrastructure that millions of people all over the world use to enhance their lives, to enhance their productivity, to enhance their knowledge, to save their lives, to live more healthful and more joyful lives, tools into their hands like this large language model.
When a rich man dies, who's only spent his life accumulating riches for himself, all he does is he leaves behind fiat currency dollars to be taxed by the government and taken by his other surviving family members, probably Fed it away into something useless and pointless.
So the choice is easy.
All right.
Now, with all that said, it is still important to protect the assets that we have earned because we don't want the evil governments of the world or the evil central banks to steal from us.
Protecting your assets with gold or silver or what have you is a way to stop the thieves.
And it's a way to protect what you've earned so that you can pursue your life's mission, your purpose.
There is a certain amount of money that's required to do it.
I've spent hundreds of thousands on this AI project and I'm very blessed to have your support to where I'm able to do that.
But I know a lot of people would just take that money and pocket it or spend it on luxury trips or cars or whatever instead of building something that matters for the world.
That's okay.
That's everybody's choice.
I'm just blessed to have your support so that I can do something bigger, something that matters.
Still, protecting our assets is important so that we can pursue our mission, and that's why we're going to have an interview here with Chris Olson from the Treasure Island Company.
He talks about gold and silver.
They are our sponsor.
I do want to be very clear that we never earn a percentage of sales from the Treasure Island Company.
They deal in gold and silver coins.
The margins are very, very thin.
They do, I don't know what kind of volume, but many millions of dollars a month in volumes through lots of different types of affiliates and so on.
They do enormous volume every month, and it's a longtime family business.
And they are trustworthy.
They are insured by Lords of London, and they offer very competitive pricing, discreet insured delivery into your hands of physical gold and silver.
We don't earn anything, again, off the sale of it.
But they do pay us to plug them from time to time in this podcast.
And I always mention it when we do.
I always want to be clear about who are our sponsors and who are not.
Like when I interview the 1791 gun leather folks, you know, they're not our sponsors.
And I always tell you up front what the situation is.
I think transparency is really important.
So this interview is coming up.
You're going to learn a lot.
Since gold is at record high prices right now and it's about to break through $2,200 an ounce, this is a time to pay attention because the dollar is losing value every day.
Today's the day that the banking system stops while the Fed stops the emergency lending program.
Commercial real estate is going to hammer a lot of regional mid-sized banks over the next 24 months or so.
And a lot of people are going to lose a lot of purchasing power or just lose their assets entirely if it's held in failing banks or failing currencies or failing real estate projects.
Gold and silver will outlast all of this.
So will Bitcoin, too, by the way.
But I don't know where Bitcoin's price is going to be.
I don't know what holds Bitcoin up in the long run.
I do know what holds gold and silver up.
It's a physical precious metal.
It's on the table of elements, and it has been here since before modern civilization, and it will be here after the collapse of civilization.
Gold and silver have outlasted the rise and fall of every nation, every government, every bank, every central bank throughout known world history.
Gold and silver are the original money, and they will both still be here after the collapse of everything else.
So enjoy this interview, and by the way, if you want to support us in the meantime as we build the infrastructure of human freedom, check out our website, healthrangerstore.com.
Lab-tested, certified organic, non-GMO, storable foods, nutritional supplements that we manufacture, most of them, including some very high-end tinctures and some mixes, and we've got our ranger buckets, mega buckets,
mini buckets, freeze-dried fruits, In number 10 cans and also vegetables and miso powder and many other things that can help you stay healthy, wealthy, and prepared for what's coming.
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And with that said, enjoy this interview with Treasure Island Coins and Precious Metals Company.
I'll be back with you tomorrow.
All right, folks, welcome to today's emergency interview here on Brighteon.com.
I'm Mike Adams joining you from my home studio today with our special guest, Chris Olson, who is the CEO of the Treasure Island Coins and Precious Metals Company, which is a sponsor of our show with an update about what's happening with gold and silver.
Welcome, Chris, to the show.
Hey Mike, thanks for having me on.
Yeah, it's great to have you back on.
It's been a while.
There hadn't been a lot of movement in gold and silver prices until like the last few weeks and all of a sudden it's skyrocketing.
As we are recording this, gold is 21.78.
It had briefly hit 21.80.
It's clearly headed...
To the 2200 breakthrough realm, to what do you attribute this, if anything?
Or what are you hearing in the precious metals marketplace that might explain these price moves?
And silver is moving substantially as well.
Well, you know, there's a ton of different things that are all kind of converging together here all at the same time.
We've had interest rates high for a very long time, and people are not sure, economists are not sure whether we're going to have a soft landing or a hard landing.
There's some talk of cutting rates, and so some people want to attribute that idea to why the price of gold is getting strong, because supposedly people are expecting rates to go down and that that's going to be strong for gold.
But it's interesting that even in the presence of rates that, you know, we haven't seen rates like this since 15, 20 years ago, maybe longer, That gold did so well because typically gold is heavily affected by interest rates as well as high prices in equities tend to push the price of gold down.
But not the case here over the last 18 months.
Gold has performed incredibly well in the face of those headwinds and Most commentators are attributing that to the overall Ongoing process of de-dollarization and the fact that part of de-dollarization is a replenishing of central bank gold reserves.
So we've been watching a very high premium on the Shanghai Gold Exchange to, say, the London Gold Exchange, the LBMA price or the COMEX gold price, Roughly,
you know, two to three percent at times where you could take basically kilo bars out of exchanges in the West and deliver them to Shanghai and make a cool two or three percent profit for the service.
So there's been a lot of gold moving in that direction due to that premium.
Wow.
Real quick, the accumulation of gold by central banks, especially the one in China, seems to coincide with a lot of announcements out of Russia.
We saw a TASS, Russian news agency announcement earlier this week that said they're really pushing aggressively for a BRICS alternative currency settlement system.
It's clear that that BRICS system is going to be backed by gold, at least in part, even though the actual settlement mechanism they announced will likely be a blockchain-based mechanism.
But it's going to be backed by real commodities.
Gold will be one of them.
Energy might be involved in the mix.
It's not clear yet.
But Russia is pushing to bring as many countries online by the end of this year as possible.
This is a real threat to the dollar or global dollar dominance, it appears.
Well, it's certainly on the horizon.
And you're right that the Russian minister, I believe it was Glazev, who was continuing to talk about this idea of a BRICS commodity-based forex settlement mechanism alongside the national currencies.
And conspicuously, this is excluding the dollar.
We have basically a bifurcation that's happening globally, where we have BRICS in the Global South, the Shanghai Cooperation Organization.
We're talking 51-plus percent of the world's population that is now being led by By Russia and China to develop an alternative economy, an alternative global economy, an alternative global settlement mechanism that excludes the United States and the U.S. dollars.
So it's a very interesting turn of events that's been brought on by the actions of our present administration and how they've responded to Russia.
Which in many ways seems to be benefiting Russia and China and not helping the West in any way whatsoever.
So sometimes I got to wonder who these guys are working for because it's like it's all too perfect.
Like the blunders that they've been making, it's really playing into their hands just perfectly.
Yeah, it's like you couldn't actually have a better battle plan to destroy the dollar to do what they're doing.
Yeah.
But just in the last couple of weeks, the U.S. announced, I think, another 500 targeted sanctions against Russia.
You know, at this point, it's like, why not make it five gazillion sanctions?
Russia's like, so?
Who cares?
We're trading outside the dollar anyway.
Yeah, look how well those sanctions have worked.
They've completely backfired, and I think that was the wrong move from the beginning because you can't sanction an energy exporter like Russia because commodity demand is inelastic.
Even if they couldn't export their oil, well, then the price of oil would go up.
It's really quite simple.
Yeah.
Yeah, exactly.
But yeah, back to gold, it really does look like that's what's happening.
That's where the pressure for the price of gold is and the simultaneous downward pressure on the future value of the dollar.
But I would say one thing you should keep in mind, your listeners should keep in mind, is when we're talking about new highs, which...
Every day this week, gold has set a new high, but that's just notional.
So we're talking numbers, like how many dollars.
But when we want to look back at, well, what was the previous high?
So that was like July 2020.
We're looking at about $2,060, but adjusted for inflation, that number today would be $2,350.
Ah, good point.
If we go back to the previous high, August 2011, we're looking at like $1,900, but in today's dollars, that's like $2,500.
Right, right.
If you go back further, January 1980, gold hit $850.
That was the all-time high at the time.
That was like $2,687, maybe $2,800 and That's a really good point.
Gold is not expensive today compared to where it has been in those years that you just mentioned.
Exactly.
It's still undervalued.
And yet, we have also, there have been many warnings that were put out, I think one by a Bank of America analyst or maybe it was a Wells Fargo analyst, saying, or warning that The U.S. government debt, the national debt, is now increasing by $1 trillion every 100 days.
That is an extraordinary number, and also with the realization that that's accelerating.
So we're going to be at $1 trillion every 90 days pretty soon, and then every 75 days, and then every 60 days, and so on.
Everybody can see where this is going, anybody who can do math.
At some point, you know, it's a trillion dollars a month.
And who's buying that?
Who's buying the bonds?
Exactly.
And at some point, nobody's buying them.
Because a lot of countries are trying to dump them.
Yeah, that's going to be their trick.
They're going to expect you and me to buy the bonds.
They're going to expect our banks to buy the bonds.
They're going to raise the reserve ratios at your local bank and the cost to carry money.
They're going to be looking for free loans from the American people.
Foreign ownership continues to decline.
Since 2015, I think bonds were about 35% foreign ownership.
Now they're down to somewhere like 22% or 20%.
It's a steady decline.
Our debt to GDP has not been this high since World War II. And in those days, we factored GDP quite a bit differently, but now we've got a record $8.9 trillion, probably $9 trillion now, of debt that's going to mature in the next year.
Who's going to buy all that?
It's the perfect storm.
All of these things converging at the same time.
De-dollarization, debt to GDP, record debt, record interest payments.
And the commercial real estate market has to revalue or restart their loans, refinance their loans over the next two years to a very high degree at much, much higher interest rates than what they originally calculated into the cost of ownership much higher interest rates than what they originally calculated into the cost of It's almost like 2008 all over again, maybe worse, but this time with de-dollarization and war.
Right.
Well said.
If you thought the big short was big, this is the really big short, actually.
It seems like that's what we're facing.
Now, let me ask you about supply.
It seems like gold and silver supply at the moment are in pretty good shape.
Is my impression correct?
Yeah, in the United States, bullion supplies have been fully replenished.
Demand has been down in terms of retail demand for a good six months.
It's been pretty slow.
So supplies are replenished.
Premiums are way down.
They're down about as far as they can go right now.
So apart from the high price in gold, which is not really a high price when you look back and think about it, it's a great time to buy gold and silver especially too, because the premiums on silver are rock bottom compared to where they've been over the last four years.
But also the price of silver has not followed gold on its way up.
So we've got the ratio of the price of gold to silver is like 88 or 90 to 1 right now.
I know.
It's extraordinary.
It's very high again.
So it's still a really good buy to get silver.
In the last couple of years, you're buying it cheaper today than you would have, say, in 21 or 22 when premiums were incredibly high due to the The record-breaking demand and lack of supply, but now we have a lack of that.
Yeah, let's cover that.
Sure.
It was just about a year ago when we had those bank failures in the U.S., Silicon Valley Bank and others, and you remember very well the instant precious metals panic.
Suddenly, everybody in America needed gold and silver now, and your phone was ringing off the hook.
Every gold retailer in the country couldn't even really keep up with the demand.
And the wait times were getting longer and longer.
But at that time, I think I recall that premiums on silver, on certain silver coins, were even in the $12 range or something.
Am I remembering that correctly?
Yeah, that would have been the Silver Eagles, which when it gets into that range, that's where you need to start looking for a different product.
But it's indicative of the supply and demand imbalance because there were plenty of people that were demanding that exact product and they didn't care if the premium is $12 Over melt.
And that's exactly what happened.
What are premiums right now, let's say, for what you offer at Treasure Island?
Maybe not Silver Eagles, but generally speaking, what's the range of premiums per ounce right now?
The premiums, depending on the product, I mean, it's going to range anywhere from $2 to $4 on average right now.
And it can be even less if you're buying larger products.
1,000-ounce bars we can get for very, very low premiums.
And we have different products all the time that we have specials on where the premiums get slashed, or maybe we have a very large purchase that comes in and we're able to pick it up for a good price.
We like to pass that on.
But right now, just looking at the premiums on silver, say, 100-ounce bars, We're looking at...
I've got generic silver 100-ounce bars that we're selling for like 50 cents over spot, as low as.
So we're looking at...
Per ounce, of course, for the viewers.
But what about one-ounce coins?
Yeah, when it comes to...
What about the one-ouncers?
One-ounce coins...
Let me take a quick look here.
Depending on the coin itself, we're looking at $2 to $3 is what I'm seeing on average for some of the cheaper coins.
And let me just mention to the audience, too, the website where you can find all this.
You can go through our sponsored site, metalswithmike.com, and that will take you to Treasure Island.
I do want to have full disclosure, Treasure Island's a sponsor of us.
We do not earn a percentage on sales.
Because the margins are really thin on these products, but Treasure Island does compensate us for mentions in my podcast, although there's no special compensation for today's interview.
I'm just trying to get the latest details from you, Chris, about where things are in the marketplace.
But would you do me a favor?
If you do a big buy of, like you get a big supply of silver in, and you've got a really great deal, would you alert me so I could pass that along to my readers any time this year?
Yeah, I'd be happy to.
I think we've got one coming up soon, so be on the lookout for that.
I'll be happy to.
Okay, yeah.
Just send me a text.
And there are deals like that.
Sometimes I might be interested as well.
I mean, I'm trying to get out of the dollar as fast as I can, but it's impossible fully because we have to pay bills and meet payroll and so on.
Exactly.
But, you know, I'm in the same boat as other people, other customers of yours that are like, well, I feel like I'm going to lose everything that's sitting in a bank, frankly.
That's my concern.
Yeah, well, and there's a number of different ways that can happen.
When and if the financial system does finally have a show-stopping glitch, you could have a bank holiday where you might wake up and you've got to bail in and you get 80% of your money back or maybe it's devalued by 20%.
Who knows?
And we keep seeing signs on the horizon that that type of thing might possibly happen.
I don't know.
I can't predict the future, but You really have to wonder when you have this perfect storm coalescing and you have an FDIC that isn't fully funded.
It seems like a giant confidence game or a Ponzi scheme.
It's all good while the getting's good, but how long can that really last?
U.S. Bank profits, they fell 44%.
In the fourth quarter of 2023.
Wow.
So banks are not doing super well right now with these high interest rates.
They're closing offices all over the country, too.
I've seen a lot of bank closures or branch closures.
Yeah.
Yeah.
Let me ask you this.
In terms of what your customers are telling your salespeople when they call, And, you know, I would imagine your customers usually have, they might explain their situation and describe their goals and give reasons why they're interested in gold and silver.
Has that shifted in the last six months in any significant way?
In other words, are there newer or is there more emphasis on certain reasons now that people are getting into gold and silver versus a couple of years ago?
Or is it the same?
It's pretty much the same.
And the typical reason is it's a survival mentality.
You stock up on gold and silver the same way that you would stock up on ammo, guns, food, or take out an insurance policy on something valuable.
And so...
People love the idea of having actual physical control of real wealth that can be traded that's highly liquid that is a true cryptocurrency because once you have it, it's not on a blockchain.
Nobody knows Where you have it, whether or not you still have it, what you've done with it.
But it's yours.
It belongs to you.
So people are looking for privacy and protection from confiscation through inflation.
It's pretty much the same thing.
We've had You know, in the last three or four years now, since COVID and since coming into contact with you, we've had many, many new customers and the majority of them have been first-time buyers.
So that's the other thing that's very interesting is the number of first-time buyers that have come into the precious metals market who have never thought About owning it before.
And the actual number of people in this country that actually do own gold and silver, the amount of money that's been allocated towards it, it's a very tiny percentage.
So it doesn't take much to move the needle when people start to get interested in why it's a good idea.
You make a really important point there that very few people yet recognize how critical it is to own gold, which means there's a lot of growth potential in the marketplace.
But yet, interestingly, more and more people are aware of the devaluation of the dollar.
So we're seeing, even among younger people, Not only are they recognizing inflation, because how can you not if you buy food and pay rent?
Everything's more expensive.
But I see more and more young people now realizing, hey, wait a second, where's this coming from?
They're printing dollars.
This is a form of theft.
It's funny.
It's like an Austrian economics awakening moment for the next generation.
Like, this is a scam!
And I'm like, yeah, welcome to the club.
But they're just now figuring it out.
And I think even a lot of those people are open to the ideas of honest money, and I would consider gold and silver to be honest money.
Well, it's all about power, ultimately.
Because when you have a monetary system that's not actually moored or anchored to any form of reality, and you just give the central bank carte blanche authority to engage in purchases and lending to its heart's content,
and you have these very low And there's no doubt that that's why the standard of living and the purchasing power of the average American has just dropped every year since we went off the gold standard, since the 1970s.
Every metric does that as kind of a breaking point for the American middle class.
And it's never going to get any better until we come back around to an honest money system.
And the best system that anyone's ever devised is one that is backed by at least a large percentage of gold.
Say 40%.
That was the original Federal Reserve ratio back when the Federal Reserve note first came out in 1914.
And there's also talk that whatever the unit system that they're going to be launching with the future blockchain for BRICS, Enbridge, that entire interoperability system, they're talking about 40% gold.
For that, and then 60% other national currencies that could be redeemable for energy or that type of thing.
When you unlock a monetary system from reality, it's a huge transfer of wealth and ultimately power and centralization of power.
And it's probably the number one contributor to our problems as a nation.
Everything we see around us all goes back to that problem.
It's always been about the money.
No question.
Yeah, the instant money creation by the powerful elite is really a source of tremendous evil in our world because they can print money and fund propaganda, which they do.
They did that during COVID. They can print money and fund wars, which they do.
They can print money and fund IRS agents to knock on your door and threaten you, and they do.
They print money to fund every evil thing they want to carry out.
But you mentioned cryptocurrency earlier, although you used the term crypto with precious metals meaning hidden.
I think the real meaning of the word crypto means hidden.
Right, right.
Right?
So gold and silver are, quote, hidden currency in the sense that they're not trackable.
They're not electronic trackable.
They're not in the bank account if they're in your hands.
But Bitcoin itself, by the way, is rising just as gold is rising.
Bitcoin, I think, is at its all-time highs again.
It's at 69,000 or was last time I checked a couple hours ago.
Yep.
Bitcoin being backed by nothing physical, but only by its utility and its non-confiscate ability, it does have in the minds of many people really strong intrinsic value in the sense that no government can counterfeit Bitcoin.
But I would offer to our audience, if you've been holding Bitcoin and it's back up to its record highs, Why not convert a little bit of that digital stuff into real physical stuff right now?
You could sell some Bitcoin, buy some gold, and then you got it.
The gold's never going to vanish, right?
Right.
Yeah.
And it's hidden.
So it's even more private than Bitcoin because the IRS can figure out what your wallet ID is and they can see every transaction that's ever gone in or out of that wallet.
And you look at the KYC that's Involved in Bitcoin transactions.
I mean, trying to deal in Bitcoin, I've never felt more surveilled in my life when I've tried to buy and sell Bitcoin in any of those exchanges.
So if you want to unlock that $69,000 price, you've got to be dealing on those heavily regulated exchanges.
So yeah, that whole system is pretty questionable to me.
Yeah, well, it's gone through serious ups and downs.
And of course, we had the Sam Bankman fraud SBF fiasco with FTX that just obliterated.
In fact, that's what took Bitcoin off of its highs and crushed it for the last couple of years.
The thing is, that can happen at any time.
There could be another big scam that is sort of boiling up to the surface that we haven't really heard about yet.
But when it comes to gold and silver, So there's no scam because it's an element on the table of elements.
It's naturally scarce.
It's real.
It's physical.
It's been around since the beginning of the universe.
And it's not going anywhere.
That's the thing.
And you don't need a wallet, a password.
You don't need a computer to work.
You don't need a power grid to work.
Gold always works.
And there's only one gold.
It's not arbitrary.
Like, if we're talking about, let's say, BRICS or the Shanghai Cooperation Organization or whatever, talking about how they want to structure their new currency and what they want to back it with, why would they choose Bitcoin?
Why not Bitcoin Satoshi's Vision or Bitcoin Cash or Ethereum or any other proof-of-work coin or just invent a new one?
It's like all of that stuff is really arbitrary, but there's only one gold, and everybody knows what it is, and you can't counterfeit that, and there's no alternative version other than silver to some extent.
Yeah, and gold isn't going to fork into a competing gold, just like you're saying.
There's no forking gold.
Yeah, and you can't corner the miners on it either.
You can't corner the blockchain like you could with...
There's various attacks that could be leveled against probably any of the cryptocurrencies if you have enough money and the right team of people that you want to try to attack them.
I think there is some value to the cryptocurrencies, and certainly there's value to the technology itself.
The distributed ledger technology and the public key cryptography that's involved in that, that's going to be the bedrock for The future financial system, especially between central banks, because that's how they're going to be able to get out from underneath these centrally cleared systems like SWIFT, where they can easily be sanctioned or cut off at the whim based on politics of whoever's in power.
So to that extent, blockchain technology is going to be very liberating in that it will enable sovereign nations to settle quickly.
They're international payments between one another on their own terms and not have to be stuck in a centrally cleared system like SWIFT. Yes, and I would add to that two things.
If it's a truly decentralized blockchain international settlement system like what Bricks is talking about, it's impossible for anyone to weaponize it for economic sanctions.
Because it's distributed.
The ledger is distributed.
If you don't want to participate, then you have no power in the system.
That's it.
You can just choose to not participate.
But why would you do that?
And the second thing is, no nation can counterfeit the currency.
This is key.
The dollar is obviously counterfeited every day.
Again, a trillion dollars every hundred days.
Counterfeiting is the very basis of the current dollar currency, and that's why it will collapse.
You can't counterfeit a blockchain system.
You did say correctly, though, Chris, that it can be attacked with proof of work.
But I would imagine that the BRICS system probably won't be proof of work.
It'll probably be more like a proof of stake type of system.
So there is some level of shared control.
Nevertheless, I don't want to get into all the technical details here, just saying that governments can't counterfeit it.
But let me shift gears here, and I want to ask you a different question about off-ramps, because I've had this conversation with a lot of people who say, hey, Mike, I love what you're saying about gold and silver.
Yes, I get it.
I want to preserve my assets in metals during this time of economic chaos.
But after that, let's say, you know, the banks collapse, the dollar collapses, and then society is rebuilt, because it will be.
Then what do I do?
Like, what's the scenario that you're thinking of or hearing from customers of how do they reintroduce their gold and silver back into the next economic system?
Well, there's always going to be a market for currency conversion services.
So that's essentially what we do when we're offering to sell you gold for dollars or other currencies.
We're performing a currency conversion into a commodity.
And it's the same for like a grain dealer or a cattle yard.
The only difference is that with this commodity, it also acts as a currency.
So it's a commodity currency, unlike the other commodities and unlike the other currencies.
There will always be a market.
What it's going to look like in those days is anybody's guess.
I think 10 years from now, everything is going to look very, very, very different.
And I always say that necessity is the mother of invention.
So comes the time, comes the need, comes the time, comes the solution, it's going to be figured out.
And there's various ways it could play out, but, you know, Maybe we go into some kind of an inflationary scenario, and if Trump wins, we probably will, because it's very likely that he's going to raise tariffs on imports probably 10% day one, probably 60% on China.
That will further increase the bifurcation between east and west and north and south.
So in order to fund our debts and in order to, you know, who knows what his plan is going to be to rejuvenate the American economy, but it's going to require that the dollar become much, much weaker and that imports become much more expensive.
And so a devaluation of the dollar is actually really good for American innovation, at least in terms of its parity to other currencies, because we're too reliant on imports and the only thing we export is our currency.
And that's been the great problem, but also the great source of our power and our source of our corruption for the last 40, 50, 60 years.
So as that changes, we could see inflation very high for many years to come and maybe some kind of a new...
Bretton Woods agreement that could involve a revaluation of gold against the dollar.
And if we could get some honest people in government, I don't know if that's actually possible.
That's maybe a misnomer.
But if we could get some people that cared about our country in there, they could come up with a solution for our currency too.
And maybe we could have some kind of a gold standard again, but that would require a massive revaluation.
And And so if you're holding gold in some form during that transition period, that's going to be part of the key, among other things, to preserving your purchasing power and the wealth that you have.
And then whatever that new system is on the other side, you're going to be able to integrate your gold back into it.
And you will be there.
Your company, which goes for multiple generations, will be there.
Let me just mention the website again.
Metalswithmike.com is where people can go through and find your website, the Treasure Island Company.
And I want to mention that you also offer vaulting services that are...
It's pretty special.
It's not your usual vaulting service.
Some people don't want to take possession right now.
They might not feel like they can secure it themselves as well as others.
Or they might be ready to move or maybe they don't live in a safe part of town or whatever.
Vaulting services.
Please describe what you have for people.
Yeah, so we work with any depository in the country, and there are many.
And then we also have a sister company here co-located with us called Dakota Depository, which is a totally separate legal entity, a separate company.
And the service that it provides is pure bailment custodial service.
That company does not buy or sell gold or silver.
It doesn't hold any on its balance sheet.
It's strictly a third-party custodian.
And metal that you put in with Dakota Depository, the way it is held physically is that it's actually physically segregated.
So if you have an account holder, we allow any account holder to come to our premises and do an audit on their holdings.
And they could put a fingerprint on one of their coins.
Let's say they had 10,000 coins, silver coins, and they put a fingerprint on one of those coins They'll find that same fingerprint a year later, five years later, because none of it's ever commingled.
It's not treated fungibly.
So there's a number of reasons that we do that.
But that is one of the key distinctives of what we do versus some other depositories might commingle your property and they'll just treat one silver eagle as the same as any other.
We keep it segregated by owner.
But it's, you know, it...
It's a service that's worth it once you have large amounts.
I always encourage our customers, take physical delivery if you can, if you have a good plan for it.
Hide your precious metals, hide your gold, hide your silver.
Put a little bit in your safe, use that as a decoy, but keep the bulk of it hidden somewhere else because if somebody were to ever, God forbid, break in and hold you up, first thing they're going to tell you to do is open the safe.
You keep a little bit inside the safe as a decoy, and the rest of it, you just have it carefully hidden.
And with gold, that's really easy to do.
That's the nice thing about gold is you could fit a million dollars worth of gold in a box that's the size of a large shoebox and weighs about 40 pounds, and you've got a million dollars right there.
You can bury that and hide that in a lot of different places.
Silver, when you have large amounts of silver, that's typically where we see people wanting to utilize our services to have the metal held in the vaults in the warehouse or large amounts of gold where you're just no longer comfortable having it in your possession.
And then once it's in the vault with us or any vault in the United States, it's all full service.
So if you want to sell it back, You can sell it back to us at any time.
And if you want to take delivery of it, you can come pick it up or we can ship it to any location that you need it to go to.
And what about your...
The fact that you're insured.
Talk to us about the safety.
Is it Lloyd's of London that you're insured with?
We have specie insurance that is underwritten by multiple underwriters through the Lloyd's of London syndicate and then We've also never even had a loss.
So when it comes to something like that, the insurance companies are doing really, really well.
They're happy to insure a precious metal storage facility that has lots of assets under management.
They love that kind of an account because there's virtually never a loss.
And so we do have that insurance.
We do fully guarantee any losses that ever occur.
God forbid something should happen, it is fully covered.
And it would be really tough for someone to get away with the entire facility because we've been thinking about...
We're running low on space, and so we're presently planning a new facility that we'll start working on within the next year or two.
But just the logistics of moving the entire depository holdings from one location to what we hope would be the final location, a very large and hardened facility to last us maybe a century, it's going to take us months to move everything.
It's going to require tractor trailers, and so...
I can only imagine.
Do you remember the movie Die Hard 3, I think it was, where they were robbing the New York Federal Reserve?
I don't remember the scene, no.
Well, that was Jeremy Irons was the bad guy.
I think it was Die Hard 3, 3 or 4.
I think it was 3.
And they had broken into the Federal Reserve, and they had hijacked like a dozen dump trucks to put the gold in the dump trucks.
And even then, they were vastly underestimating the weight of the gold bars that they were stealing.
They were carrying around...
It's a pretty big stacked pallet of gold bars with just a regular forklift.
And it's like, yeah, I think it's heavier than that, actually.
I mean, it looked like, at least my memory is, it looked like a pretty big chunk of gold bars there.
And it's like, moving this stuff is crazy difficult.
Even if somebody were to break in like some super ninja, you know, how much are you going to carry in your pockets?
You know what I mean?
Not that much.
Yeah, exactly.
And, you know, we've got quadruple redundant monitoring systems, every type of communication method with law enforcement.
And our local police and sheriff know who we are and exactly what's happening in the facility.
And it's under constant surveillance.
And so, yeah, you know, it's a good deal for the insurance company.
Because really, it's virtually impossible for anyone to do much damage.
So the biggest fear that people have is, you know, just government confiscation.
What would happen if the government just decided to come down on the ownership of precious metals like they did back in the 1930s, which is a question we get asked a lot.
And I always tell people, I think you'll see that coming because they would start, if they were going to do something like that, which I highly doubt they would, I think they have a different plan, but they would start with the ETFs and the very big custodians.
You would see those things happening first, long before it would come to a smaller independent operation like ours.
Yeah, good point.
That's what I like about your operation.
You are independent.
You're smaller than the big guys, but you're big enough to have a lot of infrastructure in place for safety and protection, and also economies of scale for people who want to do large amounts of buying or selling.
And you get that both ways.
I mean, some days somebody calls you up and says, hey, I want to unload $10 million of silver.
Will you buy it, right?
I mean, you get those calls.
Oh, sure.
Absolutely.
Well, we are market makers, so that's also a distinctive that separates us from a lot of the other guys that you'll see selling bullion, is that we do make a very big bid-offer market where we're buying and selling precious metals from dealers and other companies and All the time.
And that's how we started, really.
Our retail side that we've gotten into here in the last, you know, seven, eight years is more of a recent thing.
We primarily were wholesalers since the late 1970s.
So that's really where we built our businesses on the wholesale market-making side of the equation.
Okay.
I'm glad you pointed that out.
And we did cover that in a previous interview, but I didn't mention it today.
You're right.
Your company has handled very large wholesale volumes for a long time.
But that actually leads me to my next question, which is about counterfeit gold bars or attempts at counterfeiting silver bars and so on.
Tell us about how bad is that problem in the industry and what does Treasure Island do specifically?
If you receive a shipment of bars, gold or silver, what tests do you subject them to to determine their authenticity?
So the primary problem is going to be when you're getting stuff in from third parties.
So the vast majority of the material that we sell is coming directly from the primary refineries and from the mints that have produced it.
So you've got a good chain of custody.
It's coming in their wrapper.
It's coming in their box.
It's coming off the truck that you hired to pick it up at their location.
So when you've got that chain of custody, it's not as big of a problem, and it doesn't require as deep of an analysis as, you know, like a mysterious package that might come in from some smaller dealer in another state, and maybe they sold us 30 gold bars that they bought over the front counter.
Now that's the place where you have to start looking out, because there are scams out there that involve...
Counterfeit bars that get sold on different Chinese sites and different websites that you can go and purchase these things.
And what the scam is, is you'll get some guys who will buy a type of counterfeit gold bar and then maybe they'll buy...
Ten genuine gold bars of the same kind.
And they'll try to go to a local coin shop and say, hey, I've got 15 gold bars here.
I'd like to sell you.
Five of them are fake.
And so they just made that much money on the fake gold bars.
I probably shouldn't be saying this because now somebody might get an idea.
Probably not your listeners.
Well, I'm pretty sure they've already thought of that.
The criminals have already figured that part out, right?
Exactly.
But this is how they operate.
So when we get packages in from dealers, they go under pretty intense scrutiny.
The first line of defense is the eyes and the hands of the team that opens those packages.
So the guys that open our packages, they have seen everything.
Most of these guys have been with us for over 10 years, some over 15 years, and they've seen every type of counterfeit bar or coin you can imagine.
Wow.
And there's usually a pretty good telltale, because gold has a very specific gravity, and so to counterfeit a one ounce gold bar, it's either going to weigh less than an ounce if it has the same dimensions as a genuine gold bar, Or if it has the same weight as a genuine gold bar, it's going to have larger dimensions, depending on the material that they make it out of.
So it's usually a telltale.
You can see it in the color, you can see it in the weight, or in the dimension of the bar.
But we have different types of testing that we will put things through.
If our detection system gets triggered and we see something that doesn't look quite right, where we can test the conductivity, we can take larger bars, we can test the specific gravity and see the water displacement and figure out exactly what is the density of this object in total.
And also, there are...
Like a sonar, ultrasonic kind of test that you can run on larger bars, too, to look inside the bar and see, was this bar drilled or filled?
Drilled and filled, whereas some of the larger bars, like a kilo gold bar, that's a scam where they'll drill into them and take out maybe an ounce of gold and then just fill it up with tungsten and cap it off on the end with gold.
And so for that reason, larger bars like that, typically, we're going to chop them in half or just melt them when it comes to the larger bars.
And that's also one of the reasons that larger gold bars, even though they're a really good value, sometimes they're not going to be as liquid or they're going to be treated with more skepticism because that is one of the targets for that type of fraud when you take them off of the exchange or out of sometimes they're not going to be as liquid or they're going to
And that's also one of the reasons that the sovereign minted gold and silver coins are also very popular because it's one thing for criminals to counterfeit a bar that's made by a private mint.
It's another thing entirely to counterfeit a United States gold eagle that's minted by the U.S. government because now you've got the Secret Service involved.
Now you're not only counterfeiting a gold coin, you're counterfeiting something that's officially U.S. currency, because it does say $50 on those coins, and that's just a nominal sort of gesture, but it is officially legal tender, even though it's worth more than $50.
So for that reason, that's one of the reasons that people do like to purchase the sovereign minted coins, because there's virtually no examples of counterfeits out there.
It's difficult to counterfeit one of those coins in the first place.
And then once you go to all that trouble, keeping that operation underground and keeping the FBI and the Secret Service off your back, that becomes another problem entirely as well.
Yeah, exactly.
Well, I've never, of course, counterfeited a U.S. minted coin, but I have destroyed a couple.
I may have violated the law somehow, but I was testing to see if I could use U.S. silver eagles to make colloidal silver in a deionized water solution.
And so I slightly ionized some small millionths of a gram of silver off the coins.
And so I did that.
There's probably some rule against that, but I don't even know where those coins went anymore.
But the good news, folks, is you can make colloidal silver from U.S. Silver Eagle coins.
It actually works.
And then we did the lab test on that and found out it's perfectly safe to use.
There's not much in that other than silver.
I guess, are U.S. minted silver coins, are they three nines?
They're three nines.
Or is it four nines?
Yeah, they're three nines.
Three nines, yeah.
Okay.
So we found, I think, there was a little bit of iron, a little bit of, I don't know what else was in there.
I'd have to go back and check.
A little bit of nickel, a little bit of whatever.
But for like a topical colloidal silver solution, it would work great.
Yeah.
Another use of silver coins that maybe the average user isn't thinking about.
Okay, Chris, our hour's almost up.
I can't believe it.
But is there anything else you want to leave our viewers with here before we wrap this up?
Well...
Not anything in particular.
It's been slow, and so I guess the general thoughts and ideas behind precious metals still apply.
I think everybody should have some percentage of their liquid assets in physical bullion and some exposure to the gold price, at least, if you're not going to have physical bullion, you know, find something.
But, you know, don't put all your eggs in one basket.
Get some silver also, and keep your money invested in other places too, because there's still opportunities out there somewhere, and there always will be in the future too.
But it's a good time.
It's really a buyer's market.
The prices are high because there is so much demand internationally, but with silver in particular, It has not followed gold up to these record nominal highs.
So silver in particular, it's a good time to buy silver.
It is a buyer's market.
We do have plenty of metal on hand, and so it's shipping out very, very quickly in terms of the turnaround time.
You can purchase from us online at metalswithmite.com.
You can call us at 701-282-4747.
We do have trained precious metals experts who are happy to answer any questions, especially for first-time buyers.
We're happy to take as much time as you want and just have a conversation.
We do that every day, and we can also call you back.
I should also mention you have silver IRAs that are available as well.
We work with a number of custodians.
So if you do have money in an IRA, you don't have to take it out.
You don't have to take a distribution to buy physical gold and silver.
You can, depending on the custodian, you can either change custodians or move the money, but you can keep the money within the IRA and purchase actual physical gold or silver with that money, and we can tell you how to do that.
It's actually a very simple process.
Okay, that's great to know.
And it's funny, despite what you just said about right now actually being an ideal time to buy silver, for example, because premiums are so low, supply is good, 9 out of 10 people will wait until there's a bank panic, and then they will all call at the same time.
So that's usually the way it works, right?
Yeah, we're kind of used to that, but then things get a little stressful, the premiums start to pop up, and wait times get longer, so...
Yeah, that seems to be the psychology.
Most people wait until they're feeling the heat and things are going nuts to take action.
But I think it's always a good time to take action because we see the writing on the wall.
Where things are going.
Even if Trump wins, the dollar has to go down.
Tariffs are going to go up.
We have to restart American manufacturing.
And Lord only knows what's going to happen with this election.
And in the days running up to the election, we've got, what, 8 to 10 to 12 million people that have come across the border.
What percentage of those people mean us harm?
How many Chinese nationals military age have we seen come across?
You've covered this at length.
So there's so many different factors that are at play right now.
So precious metals are definitely a component to whatever type of preparation your audience is doing.
And I'm sure most of your audience is preparing in some way.
And, you know, we stand ready to help assist in that.
When it comes to bullion, we can set you up with the right package of coins or bars and help you be prepared because we don't know what's coming.
Yeah, well said.
This is going to be a very interesting year, as they say.
All right, well, Chris Olson, thank you so much for your time.
Again, folks, it's metalswithmike.com that will get you to the Treasure Island Company.
Don't hang up, Chris.
I have a question for you off-camera.
But thank you for your time today.
This has been very helpful.
And folks should watch gold and silver prices and the banking system situation.
A lot of rules are changing.
The federal emergency funding ends March 11th.
That was kind of a bailout of the banks that were insolvent from the last year.
But that program is ending now.
So commercial real estate is having to refinance.
There's going to be a lot of regional bank collapses because of that over the next year.
So do your research.
Make your own decisions.
Don't take this as financial advice.
Get your own advisors, but make sure you know what's happening and take active steps to protect your own self-interest.
And thank you for watching today.
I'm Mike Adams here of brighteon.com.
Take care, everybody.
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