| Time | Text |
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Dollar Collapse and Stable Coins
00:15:15
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|
| All right, welcome to this special report. | |
| We're going to talk about the dollar collapse that's coming. | |
| We're going to talk about the trap of stable coins and how Peter Schiff just ripped the Fox News hosts who are utterly ignorant of anything. | |
| I mean, I don't know how else to say it. | |
| I mean, I don't know who's dumber, the Fox News host or the CNN host. | |
| They're all just room temperature IQ. | |
| They have no idea what's happening in the world around them. | |
| They're just reading scripts and they don't know anything. | |
| So Peter Schiff had to school them on some basic economics of gold and silver. | |
| So let's go to that clip first. | |
| And the world is now pulling the rug out from under the U.S. | |
| The dollar is going to collapse. | |
| The dollar is going to be replaced by gold. | |
| Central banks are buying gold to back up their currencies. | |
| They're getting rid of dollars. | |
| They're getting rid of treasuries. | |
| We are headed for a economic crisis again that will make the 2008 financial crisis look like a Sunday school picnic. | |
| The biggest difference between the crisis that we're about to have and the one we had back then is this one is all in America. | |
| It's not going to be exported to the rest of the world. | |
| It's not a global financial crisis. | |
| It's an American financial crisis. | |
| So there you go. | |
| Peter Schiff being correct, yet again, quote, the dollar is going to collapse. | |
| The dollar is going to be replaced by gold. | |
| He's absolutely correct. | |
| And I know there are some conservative, I don't know, financial people out there. | |
| I'm not going to name names. | |
| I'm not trying to embarrass people on this point. | |
| But they're saying, oh, there's no way the dollar is going to be replaced. | |
| It's going to be the world reserve currency forever. | |
| There's no other alternative, blah, blah, blah. | |
| Okay, that's complete nonsense. | |
| The dollar has already been replaced by most of the world. | |
| The world reserve currency of most of the world is no longer the dollar. | |
| I mean, that's already the case. | |
| In other words, dollar reserves is less than 50% of total world reserves right now. | |
| Okay. | |
| So anybody saying, oh, the dollar can't be replaced, I'm sorry. | |
| You should turn them off. | |
| They have no idea what they're talking about. | |
| I don't care what their background is. | |
| I don't care what presidents they advise, whatever. | |
| They literally have no idea what they're talking about. | |
| And there are people like that. | |
| So here's the thing. | |
| Gold is the new reserve currency. | |
| Gold, it's gold. | |
| It's not bricks right now, although bricks is an infrastructure that's going to be used to move gold around as settlement. | |
| Okay. | |
| So in other words, BRICS is gold compatible, you could say. | |
| The dollar is not gold compatible. | |
| The dollar is fake currency. | |
| The dollar is going to be worthless and the treasuries are going to be worthless. | |
| And the stable coins based on the dollar are going to be what? | |
| Fill in the blank? | |
| Oh, yeah, worthless. | |
| It's exactly right. | |
| You got it. | |
| Gold is the new world reserve currency. | |
| Those who have gold will be wealthy. | |
| Those who have dollars will be impoverished. | |
| Peter Schiff understands this. | |
| He's been right again and again and again. | |
| And by the way, when I say gold, I also mean silver at the same time. | |
| I guess I should say metals, you know, precious metals, but gold is the monetary metal that will lead the world. | |
| Silver has a monetary aspect that's very strong and becoming increasingly popular. | |
| But silver, of course, is a strong industrial metal. | |
| And right now, silver is actually less liquid than gold because all the silver wholesalers, they're being inundated with people selling silver. | |
| I talked about this a couple of days ago and the local coin shops and coin dealers, etc., little retailers, they're about to shut their doors and say, we can't handle an influx of any more silver. | |
| And you know why that's happening? | |
| Well, also, by the way, the refiners are backed up for several months on refining the silver. | |
| But the reason that's happening is because the people selling silver right now are the low information people who have no idea what it's worth. | |
| If you sell silver now, that's crazy. | |
| You know, unless you just happen to need the money for electric bills or something right now. | |
| But selling silver now, in my view, that's selling yourself short because silver is going to continue to surge for years to come because of the industrial demand and also the collapse of the currencies, especially the dollar. | |
| So the people selling silver now are the low information people who don't listen to this podcast. | |
| They're the people who found like, you know, oh, here's grandma's silver. | |
| Found some old coins, some random stuff. | |
| Here's some weird one and a half ounce coins. | |
| Let's take it to a silver coin shop and see if they'll give us something for this, you know, and they get a hundred bucks and they're so happy. | |
| I got a hundred dollars. | |
| You know, they're so happy. | |
| That's the kind of silver that's being sold right now. | |
| It's these weird lots and weird formats and it's not it's not the wealthy people unloading silver. | |
| Not by a long shot. | |
| Wealthy people are holding silver and accumulating silver and gold, even at these prices. | |
| Someone I know has told me he just bought a lot more silver at $100. | |
| You know, recently, it was $100. | |
| And so he loaded up. | |
| I know, I guess I can say this publicly because SGT report, he was tweeting about this. | |
| He said that he made a major purchase just recently. | |
| And of course, we all know it's gold and silver because he was talking about it later. | |
| At these current prices. | |
| Yeah. | |
| So a lot of people who are in the know are purchasing everything they can at these prices. | |
| Now, does that mean it's guaranteed to keep going up in a straight line? | |
| No. | |
| No, it won't. | |
| It'll bounce around. | |
| There'll be down days. | |
| I mean, heck, silver plunged, what, $10 in one day a couple of days ago. | |
| And then it rebounded from that. | |
| So the volatility is off the charts. | |
| That's for sure. | |
| That's why I always say, you know, dollar cost average into this if you want to get more physical gold and silver. | |
| All right. | |
| So here's the thing. | |
| The dollar is dying. | |
| The dollar is going to collapse. | |
| And what's the alternative that's going to be pushed on us? | |
| It's very clear now. | |
| It's going to be government sanctioned stable coins. | |
| Stable coins, which, and I got to credit Catherine Austin Fitz on this, she had a really great description. | |
| She said, stablecoins are basically tiny digital U.S. treasuries because the stable coins that the government will advocate for, those are the stable coins that are forced to buy a bunch of treasuries. | |
| And then they say they're backed by the dollar. | |
| But they're not really backed by the dollar. | |
| They're backed by debt that's denominated in dollars. | |
| That's a very different thing. | |
| They're backed by treasuries. | |
| And since eventually the U.S. Empire is going to default on the treasuries, every stable coin, a so-called stablecoin that's backed by U.S. treasuries, and this is my prediction, okay? | |
| And this is going to make some waves. | |
| I know somebody's going to lose their minds when I say this, but in my opinion, every stable coin that's backed by treasuries is going to go to zero. | |
| Okay. | |
| Why do you think that Tether has purchased, what is it, over 100 tons of gold? | |
| I don't remember the exact number, but Tether is buying gold like a nation, at nation levels. | |
| Tether's buying gold, and Tether has now a stable coin tied to the price of gold, but not redeemable for gold. | |
| Okay, that's totally different. | |
| There's also, there's been another coin that's been out for a long time, Paxos, I think is what it's called, that is tied to actually audited vaulted gold. | |
| I don't know a lot of details about Paxos. | |
| I don't hold any, but from what I hear from people, it's actually more trustworthy than Tether gold, but whatever. | |
| You know, don't buy anything in the crypto space or the stablecoin space until you do a lot of research and know what you're doing. | |
| But I can assure you of this, or at least this is my opinion, every stablecoin based on treasuries will go to zero. | |
| But those are the stable coins that the Trump administration and Besent and the Treasury, that's what they will want you to buy. | |
| Because that's how Trump and Besent or Besant can sell more treasuries and then refinance the debt and keep printing more currency to fund more wars, to fund the Pentagon and bombing Iran. | |
| And heck, at this point, funding, you know, ICE agents that run around the cities shooting Americans. | |
| That's how it's done. | |
| It's by printing currency. | |
| That's how that's funded. | |
| And in order to print currency, they need more people to buy the treasuries. | |
| So they're rolling out stable coins that are really, as Catherine Austin Fitz says, they're really just tiny digital treasuries. | |
| I don't know about you, but I'm not interested in holding treasuries at all, not even digital ones. | |
| And to make matters worse, it's a prison state system. | |
| Aaron Day tweets about this all the time. | |
| Aaron Day that I've had on my show, and he's brilliant, and he's right. | |
| He keeps talking about how a lot of the crypto supporters are basically supporting their own prison. | |
| Because when you have stable coins that are controlled by the government, it's programmable money, which means they could cut you off at any time. | |
| They can monitor all your activities. | |
| They can confiscate it at any time. | |
| Because Tether works very closely with the Trump administration. | |
| So even if the government says we're going to endorse, let's say, Tether, Tether will follow the government's orders when the government tells Tether to seize this wallet or block this wallet or seize this account. | |
| Basically, it's an economic sanction like in the Swift system sanctioning Russia. | |
| Well, in a Tether system, the U.S. government can sanction your Tether wallet, and they have done so. | |
| There's been all kinds of confiscations of Tether. | |
| I mean, hundreds of millions of dollars, I believe, over the last few years in Tether upon orders of the government. | |
| So if you go into stable coins that are endorsed by the government, that are tracked, that are not private, and that are backed by treasuries, you're going to lose everything, including your privacy. | |
| Okay. | |
| So please, everybody, listen very carefully here. | |
| If you've listened to me on gold and silver and you've earned a lot of money on that, listen to me now. | |
| Don't go into government-sanctioned stablecoins because those will go to zero. | |
| If you want to go into crypto, the only crypto I can recommend is private crypto or privacy-oriented crypto. | |
| And at that point, you know, Monero and Xano are the two best that I'm aware. | |
| Firo is also well known, but not as large of a market, not as liquid. | |
| I don't recommend Zcash because it mostly operates in a non-private mode. | |
| People think Zcash is private, but it isn't most of the time, like 99% of the time or whatever the number is. | |
| But Monero is always private. | |
| Xano is always private. | |
| And Firo, I believe Firo is also always private. | |
| I'm pretty sure it is. | |
| So that's why governments will never endorse Monero or Xano or Firo or any of the privacy coins because they want to be able to control you through the stablecoins. | |
| Stablecoins are not private. | |
| Stablecoins are easily controllable. | |
| Again, programmable money, but basically a financial slave state. | |
| You become a slave to the government while you're funding government debt. | |
| What could go wrong? | |
| But that's what Trump is going to be pushing here. | |
| And that's the plan. | |
| So as they collapse the dollar, which appears to be happening on purpose, they're going to crush the Western banking system. | |
| We're going to have cascading bank failures. | |
| And then they're going to come along and say, but we rescued you in this digital stablecoin system. | |
| All the money that was lost in your bank account, guess what? | |
| Here it is over here. | |
| You just have to sign up for the stablecoin and download this app and scan your eyeballs. | |
| Give us all your biometrics and your location data and your social security number, blah, blah, blah. | |
| Which, of course, your bank already has all that. | |
| This is way beyond know your customer. | |
| This is spy on your customer. | |
| This is surveill your customer, SYC. | |
| Okay, that's what's coming. | |
| So if you go along with all that, then you'll have a stablecoin wallet. | |
| And then every time you buy something with a stablecoin wallet, the government knows exactly what you bought. | |
| They know if you bought bullets or firearms or groceries or condoms or anything, pharmaceuticals, right? | |
| Anything. | |
| Whatever you bought, they know. | |
| And they can block you from buying the things they don't want you to buy. | |
| They can even block it by category. | |
| Oh, you've had, you bought too many rounds of ammo this month. | |
| We have a limit. | |
| You can only have 50 rounds of ammo per month. | |
| You know, I can imagine that coming. | |
| And they can enforce it through the stablecoin system. | |
| And in addition to that, the government is saying that they're going to tokenize every asset, every stock in the stock market, every bond, every financial instrument is going to be tokenized and put on the blockchain that they control. | |
| That means you won't be able to buy and sell stocks without the government knowing what you own, what you bought, what you sold, how much gain you had, etc. | |
| That also means they can confiscate all your stocks at any time, the great taking, via stablecoins. | |
| They can just take it because now it's just a digital token. | |
| You see? | |
| This is why physical gold and silver make so much sense. | |
|
Why Physical Gold Survives
00:05:17
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|
| Physical gold and silver are difficult for governments to confiscate. | |
| They can try, but even back in the, what was it, 1930s or something, even then, most of that confiscation was voluntary. | |
| You know, the government said, oh, you got to turn in your gold and we'll give you, what, $20 an ounce or something. | |
| And at that time, Americans were mostly obedient. | |
| Oh, we have to help our country. | |
| Yeah. | |
| Because they didn't realize they're being royally screwed by their government at that time. | |
| You know, it took decades or generations for people to figure that out. | |
| But back then, people just showed up. | |
| Oh, here, I'm an obedient citizen here. | |
| Have my gold at $20 an ounce. | |
| And people turned in their gold voluntarily. | |
| Most people did. | |
| And then after that happened, then the government revalued the gold at what, $35 an ounce. | |
| So basically, the government just, you know, ripped everybody off. | |
| Of course, they did. | |
| But you know who was wise? | |
| Is the people who didn't turn in their gold. | |
| People who just buried it, stored it. | |
| Did any of those people get prosecuted? | |
| I don't know. | |
| I doubt it. | |
| Maybe. | |
| But if you just sat on it and buried it or hid it and didn't talk about it, nobody knew. | |
| And those people just waited out the gold confiscation years. | |
| And then gold prices kept going up and up and up. | |
| And now today, that gold is worth over 100 times, like actually more than 200 times what it was worth in the 1930s. | |
| So if you just held on to the gold, or you know, if your granddaddy had held on to the gold, or your great-granddaddy, then you'd be wealthy today. | |
| You'd be a millionaire, probably. | |
| It depends on how much gold. | |
| But you get the idea. | |
| See, the government doesn't want you to have any means of storing wealth. | |
| And so they want to control and digitize and monitor everything. | |
| That's what stable coins are for. | |
| So the only way to actually gain wealth in the system is to have wealth that is outside the system. | |
| Let me say that again in case you missed it. | |
| The only way to gain wealth as this system is operating is to operate outside the system, period. | |
| Algorithmically, you will never be allowed to gain real wealth within the system because the system is rigged. | |
| Of course it is. | |
| Obviously, it's rigged. | |
| They will confiscate it. | |
| They will tax it. | |
| They will lose it. | |
| They will steal it. | |
| Whatever it takes. | |
| They'll take everything you own. | |
| Oh, force majeure, you know, it's gone. | |
| They'll do whatever is necessary. | |
| Bank failure. | |
| Oh, it's gone. | |
| Cyber attack, it's gone. | |
| The only way to have wealth is to do so outside the system. | |
| And from what I know, after many, many years of research and interviews, I mean, I've interviewed thousands of people. | |
| And I'm a very smart researcher myself. | |
| I've got a broad collection of knowledge that, frankly, very few people have the broad collection of knowledge spanning all these different areas. | |
| I'm not saying I'm the smartest person on any one area, but I know a lot about a lot of topics because of my work, because of my job, because of what I do. | |
| I'm a writer, I'm a researcher, I'm an interviewer, I'm a content creator, right? | |
| And I've been interested in this in a long time. | |
| I say all that to tell you this. | |
| In my conclusion, the best things to own to survive everything that's coming, which includes the dollar collapse, the best things to own are gold, silver, land, ammo, and private crypto. | |
| And of course, you know, storable food counts, everything, you know, cordless tools with spare batteries, diesel fuel, those things. | |
| But we'll put those all in a separate category of mostly barter items. | |
| But in terms of real wealth, it's gold, it's silver, it's land, and then it's private crypto. | |
| Notice in that collection, I didn't say stable coins based on the US dollar. | |
| Nope, because that's not a form of wealth. | |
| That's a form of debt. | |
| Now, there is, interestingly, there is a stablecoin that Aaron Day talks about called FUSD, which I think stands for F the USD, by the way. | |
| That's a stablecoin token built on top of the Xano blockchain. | |
| That is tied to the dollar, but it's a privacy dollar stablecoin, and people don't really hold those. | |
| They use them for transactions. | |
| to erase any kind of tracking or surveillance of the dollar transaction. | |
| So FUSD is much better than using Tether. | |
| You know, the dollar tether, USDT, I think, is what that is. | |
| So if you can use FUSD on the Xano blockchain, use that, and then you have privacy. | |
|
Dollar Losing Value
00:03:18
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|
| But don't hold it. | |
| Don't hold a bunch of it because the dollar keeps losing value. | |
| And that's not going to stop. | |
| The dollar is going to keep losing value until it hits something very close to zero. | |
| And everything that Trump is doing right now as president seems to be accelerating that. | |
| And this war with Iran that Trump just seems committed to initiating, this is going to be devastating for the US dollar because the whole world is going to continue its mass exodus away from the dollar. | |
| And also probably a war with Iran would cause energy prices to skyrocket. | |
| And then you're going to have, after some lag period, then you're going to have massive inflation in the United States, rising fuel and energy prices, rising transportation prices, resulting in rising food prices in the grocery stores just in time for the election, the midterm elections. | |
| So Trump should tread very carefully, I suppose, before attacking Iran because that's only going to collapse support for the U.S. dollar. | |
| All right. | |
| So that's my assessment of where we are. | |
| I'm not your financial advisor, obviously. | |
| Do your own research. | |
| But if you want gold and silver, you want to get physical or you want stored gold and silver, talk to our sponsor, Battalion Metals, co-founded by Tucker Carlson. | |
| And you can find them at metalswithmike.com and use discount code Ranger and the wave the shipping insurance fee. | |
| But know this, they are inundated with demand right now. | |
| All these companies, I was listening to Peter Schiff today. | |
| Peter Schiff said his company's voicemail had 150 unreturned voicemails because they just don't have time to answer all the calls. | |
| That's probably true with battalion metals, I would imagine. | |
| I don't know. | |
| I haven't tried to call them. | |
| I did text Chris Olson and he didn't text back at all. | |
| I just said, hey, Chris, I know you're busy, but give me a heads up when you're able to. | |
| And haven't heard anything since then. | |
| I imagine Chris Olson and Peter Schiff's crew and all those people and Andy Sheckman, I imagine and Bill Holter. | |
| I bet you that they're all working 20-hour days right now. | |
| Madness. | |
| And there are people selling and there are people buying on both sides of this equation. | |
| And everybody's like panicked. | |
| People are buying in a hurry, like, I got to have it now before it goes up another $10. | |
| And then people are selling also in a pan. | |
| I got to sell now before the bubble crashes, they think, which is hilarious. | |
| They're going to be kicking themselves in six months, you know, when gold and silver are much higher, I think. | |
| And oh, by the way, did you know that Peter Schiff's operation allows you to buy metals with Bitcoin? | |
| Because I think they have a BitPay component on their website. | |
| So if you want to get out of Bitcoin, which is going nowhere lately, and you want to get into metals, you can do that through Peter Schiff's company. | |
| Schiff Gold, I think, is what that's called. | |
| They're not a sponsor or anything. | |
|
Why People Love Crypto
00:02:23
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|
| I'm just saying they will take crypto. | |
| Some crypto. | |
| I don't think they take Monero, by the way. | |
| Monero is the black sheep of crypto. | |
| Monero gets kicked off all the exchanges, but it has privacy, so it has intrinsic value. | |
| That's why people love to hold on to Monero and use it for certain things. | |
| Anyway, that's the story. | |
| Anyway, that's my report. | |
| And if you want to conduct financial research and learn about risk management and things like that, let me give you a couple of free resources, which is our AI engines. | |
| You can go to brightanswers.ai. | |
| That's our AI answer engine. | |
| It's got deep research functionality. | |
| Everybody loves it. | |
| I mean, I get so many compliments on that engine because the answers are just exhaustively comprehensive and amazing on every question, it seems. | |
| So you can ask it about gold, silver, treasuries, you know, interest rates, risk reductions, swaps, puts, options, calls, futures, whatever. | |
| It knows all that stuff. | |
| You can ask it there. | |
| It's free to use. | |
| That's at brightanswers.ai. | |
| You can also go to our book engine at brightlearn.ai, and you can either create your own book there for free about silver or gold or whatever you want. | |
| Or if you just go to the books that have already been published, which is well over 28,000 now, you can go to Books.brightlearn.ai and there you can search for the word silver or gold or, you know, stocks or crypto or stable coins or whatever, and you're going to get a ton of books that come up that you can download for free. | |
| All that's in place and, by the way, i'm making a lot of improvements of the email alert system for that site over the next few days. | |
| So if you've ever had difficulty getting emails from Bright Learn, that's about to change. | |
| We have finally resolved some of the email issues, which is pretty, pretty difficult actually. | |
| So check all that out and thank you for listening. | |
| I'm Mike Adams here of Naturalnews.com and Brighttown.com. | |
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