EP. 596: AMERICAN DECAY - FROM BIDENOMICS TO THE NEED FOR A PARALLEL ECONOMY AMERICANS MUST PREPARE
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This is what happens when the fourth turning meets fifth generation warfare.
A commentator, international social media sensation, and former Navy intelligence veteran.
This is Human Events with your host, Jack Posobiec.
I am proud to announce the Biden-Harris administration will develop our nation's first national strategy to counter Islamophobia.
Only the desperation of the establishment to avoid Donald Trump winning is allowing them to prop up what is clearly a corrupt, totally dishonest, and routinely every day lying family who are closer to the Sopranos than they are to George Washington.
An election for mayor has just been thrown out by a judge who concluded that fraud did impact a recent vote and ordered a new election.
And it was based on absentee ballots!
You might see the headline number of the consumer price index or overall inflation measures going down from the high, certainly where they were a year ago, but the essentials are still elevated.
The essentials meaning food, fuel, and shelter.
Rent.
Folks, Bidenomics is just another way of saying the American dream.
Our country is being destroyed by people that have no idea what they're doing, or even worse, They may very well have an idea.
They may hate our country, and they may want to see it destroyed.
If Crooked Joe and the Democrats get away with removing my name from the ballot... Do you really believe that a man who's convicted of, say, attempting to overturn the 2020 election or taking nuclear secrets back to his beach club, do you actually still, as we sit here today, believe that person should be president?
So I signed a pledge, Willie, and that pledge is what it is.
Now, do I think somebody under those circumstances could get elected president?
The answer is no.
That will not happen.
Ladies and gentlemen, welcome aboard today's edition of Human Events Daily, live from Washington, D.C.
I am Jack Posobiec.
Today is November 2nd, 2023.
Anno Domini.
Today is the Feast of All Souls.
Want to give also a special shout out to 93.3, the Real Talk Radio Network, the Voice of Freedom.
Thanks you all for listening in, in the great, great town of St.
Louis, the entire state of Missouri, the surrounding area.
Really excited to have you guys on.
Governor Ron DeSantis went on MSNBC this morning and he made a statement Where he's describing something that we've talked about here on this program many times.
He said that if Trump is convicted, he didn't even say which case or which one of these show trials, he said if he's convicted period, the party should not nominate him.
Now, I want to be very clear, he didn't misspeak here.
Governor Santos is a lawyer, he's a very smart guy, very highly educated.
I think that he means exactly what he says.
Ken Cuccinelli, the founder of Never Back Down, the super PAC that is bankrolling Governor DeSantis' campaign and his entire efforts.
Is the exact same man who attempted to lead the original steal of the nomination of President Donald Trump when he was the nominee in 2016 at the convention through what they called a rules change.
He was trying to prevent Trump from receiving the nomination, even though Trump had won the primary, even though he had all the delegates.
Ken Cuccinelli, who then later took his credentials and threw them on the ground live on CNN.
Trying to stop Trump from getting the nomination through changing the rules to cause and force a brokered convention, then turned around and is running the Ron DeSantis Super PAC.
This is the same guy who ran the entire Never Trump movement in 2016.
Why should we expect anything else?
And I sat here with Richard Barris over a month ago, detailing how this is exactly what would come to pass.
They would say that if Trump gets convicted, then he Trump is not eligible for the nomination, even if he wins the primaries, even if he has the delegates.
This is why DeSantis is staying in the race, even though his donors have dried up, even though his polling is in the basement with Jeffrey Epstein's files.
That's why he's staying in the race.
Because he's now trying to get Trump off the- and you notice, by the way, You notice he didn't push back on anything that MSNBC said.
He didn't say we need to stand up for the American people against the weaponization of government against patriots.
We need to fight for the J6ers.
No.
He went right along with what the DOJ said, with what the Deep State said, with all of it.
Why?
Because he's going to be the beneficiary of it in his own mind.
We got Bootsy over here.
Bootsy is very, very concerned.
Very, very concerned with the party giving the nomination over.
And it just so happens that he's also working with a guy who tried to prevent Trump from getting the nomination in the first place.
Do you think you're clever?
Do you think we don't see what's going on here?
You think we can't tell?
Or is your IQ as low as the heels of your boots?
Stay tuned, folks.
The great Norm Patterson is next.
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Make sure you're subscribed, you hit the notifications, so you'll never miss a clip, you'll never miss a new live episode, and we're putting them out every single day of the week.
In the hood, I rolled with Bloods.
And them boys had a saying.
You can't be listening to all that slappy whack.
Trim out his outlets, a bam, ship.
Nippy, bam, bam.
Like Human Events with Jack Posobiec.
Alright, Jack Posobiec back here live, Human Events Daily, and folks, the unthinkable, it's happening, it's here.
There's no more surprises, it's all out in the open.
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And I know we've been getting the comments every day.
I read them guys.
I see them.
The riot truck is coming.
It will be coming very soon.
Don't worry.
I promise it will be coming.
But first, you know, we talked before about the deep state, the weaponization of our government against patriots.
And there's one man who's been fighting against that tooth and nail, fighting for the rights of American citizens, fighting for rights of journalists, fighting for the rights of those who have been wrongfully accused in America.
And one of those people is behind bars right now.
His name is Owen Schroeder.
And in fact, we're told that Owen has been thrown back into solitary confinement because of a phone call that he made and a message that he sent to essentially his fans that was then later posted on X.
Well, apparently federal prison found that out and threw him back in solitary confinement.
Norm Padas is representing Owen as well as a number of J6ers.
He joins us now.
Norm, what can you tell us about this situation?
So Owen went into prison last Tuesday and the COVID protocol at the Oakdale facility in Louisiana is to keep a person quarantined for seven days.
And I understand that the first federal fatalities in the COVID era were at Oakdale.
Owen got out Monday evening and Tuesday he placed a call to his colleagues and that call was broadcast on X and on InfoWars.
He's a colleague of Alex Jones's.
That message was purely benign.
He thanked his supporters for their mail.
He promised that he would be re-engaged in the world.
He followed the news.
He didn't say a bad thing about anybody, but he said, I might be the first prisoner ever to be able to broadcast from behind bars.
Within hours, he was placed back in solitary confinement and he's been held incommunicado ever since.
We've reached out to the facility at Oakdale to try to reach Owen by way of a legal call.
No response.
I placed an email to the folks at Oakdale to find out about his health or welfare.
No response.
I've been in touch with his contacts at InfoWars to see if anybody's been in touch with him.
No response.
So I know, I have every reason to believe he's alive and well, but I don't know how long they intend to hold him.
And I don't know why they're holding him.
Well, it seems to me as though this is that this is punishment.
It seems like this is punishment for his actions.
It doesn't seem like they're attempting to correct him.
And by the way, there's a whole system in federal prisons, as I'm sure you know, but for our listeners' benefit of sort of there's point, different facilities do it differently, but there's point systems, there's credits that you can receive, there's demerits you can receive.
This, on the other hand, though, was they went all the way up, you know, essentially all the way up the spectrum to throwing you back in the shoe in solitary simply for having a phone call posted.
You know, I know that, you know, we now have a new Speaker of the House and, The Oakdale facility is in his jurisdiction.
So I'm calling on Representative Johnson, Speaker Johnson, to send one of your staff members to Oakdale and inquire about Owen.
Because I have every reason and good reason to believe that the District of Columbia Prosecutor's Office has their thumb on the scales of the terms and conditions of incarceration.
For J6 defendants.
Why do I say that?
I represented Joe Biggs and now represent Joe Biggs and Zach Rell of the Proud Boys in their insurrection trial earlier this year.
It was a five and a half month trial.
When they were classified after their convictions, which are trumped up charges, but when they were classified for incarceration, their score, their point value placed them at a low security facility.
A camp, as it were.
I'm told by a source that has reason to know this to be true, that the U.S.
Attorney's Office in the District of Columbia and the DOJ said, no, that's not enough, and insisted that they be placed in a more secure facility, a medium security institution.
Nick Lang is a pretrial detainee.
I also represent him together with Steve Metcalf out of New York.
Nick is a pretrial detainee, presumed innocent, but yet he is in solitary confinement.
Owen Schroyer pled guilty to a trespass charge for being on Capitol grounds without authorization.
At time of sentencing, the probation officials, the people who calculated how much time he should do, said give him probation.
The DOJ wanted time.
Why?
Because he spread disinformation.
Why?
Because in the weeks and months prior to January 6th, he rallied people to come and stop the steal.
Why?
Because he chanted 1776, because he chanted death to tyrants.
What does it have to do with trespass?
The government sought to offer this evidence as proof of so-called relevant offense conduct.
We said, Judge, there's never been a case in the United States where protected speech, speech that you have every right to utter, has been used to enhance a criminal penalty.
The judge saw otherwise and gave him 60 days.
So Owen's there and now history's repeating itself on the fast spin cycle.
He's been locked up apparently for speaking out on the telephone, a right that he has.
Or I should say, he had.
He had, right.
He had, yeah.
Certainly that's another right that's been denied to him, which as you say, has been really endemic to this case from the start, where you're hearing his words and protected political speech be used against him In this courtroom where he's making statements regarding an election, regarding political matters, regarding things that have nothing to do with, as you say, his criminal trespass.
But let me ask you though, do you think that Owen is being singled out?
Or have you seen the same type?
I mentioned before, you said that you represent some other J6ers.
Do you think that they're focused more on Owen?
I know you're very busy with a lot going on.
Or are you seeing other J6ers treated this way as well?
I'm seeing other J6ers.
President Biden, go back to sleep.
I'm not going to take your call right now.
It's nap time.
Get your cookies.
There's this book on your shelf.
It's called the United States Constitution.
Read it.
It won't kill you.
No, I mean, I think, you know, based on what I'm hearing, Mr. Pozovic, the I have good reason to believe that the District of Columbia Prosecutor's Office, part of the DOJ which supervises the Bureau of Prison, has its thumb on the scale of punishment for many J6ers.
And I'm calling on every person who knows of a detainee, whether it be pre-trial or post-conviction in the Bureau of Prisons, to report the conditions of confinement for their loved ones.
Because I think what the Justice Department is trying to do is make sure that people end up with more time Make sure that people end up with unpleasant time to send a message to each and every patriot in the United States, each person to the right of center.
Speak up at your peril because if you cross a line, even if it's a line we draw in shifting sands, we're going to make you pay for it.
It's absolutely terrifying.
I have not been this disturbed about what's going on in domestic politics since I read the Church Committee's report many years ago and learned about what they were doing to the left, to Martin Luther King and others.
Right now, we have an out-of-control Justice Department, confidential informants that trial participants, such as me, are under court order not to discuss with the American people who are surveilling the left.
Why?
Why?
And we need answers, and I think Congress needs to get them.
Mike Johnson's got his work cut out for him.
Well, let's tease that out a little bit because, as you say, Mike Johnson, our new speaker, he hails from Shreveport, Louisiana.
That's his district.
That happens to be the same district where Owen Schroer is currently being held in solitary confinement.
Why was he put in jail instead of simply given probation for the charge of trespassing, which we, of course, we know, remember, didn't even go, and I have to say this every time, didn't even go into the Capitol.
And folks, if we can get his, guys, if we can get his Address back up there.
I'd love to get it.
Remember this is Owen Troyer and then this isn't the one that has his actual number on it.
So we're going to work on that.
Well, I can give you his number.
His inmate number is his inmate number is 05937.
So it's registration number 05937-107.
Write it.
He reported in his one communication from jail that he's getting a lot of mail.
He needs support.
The Bureau of Prisons need to know that he's loved and not forgotten, and that we all identify with him.
That the cell he warms today could be the cell you occupy tomorrow, and it ain't gonna be because of your speech, not if we fight back.
And that's exactly right.
This idea that we, and any of us, I mean, we talked about Trump in the opening here, but it's not just Trump.
It's anyone who's dissident, anyone who's speaking out against this thing.
And we see it's clearly, it's clearly all against one side of the aisle, right?
They've decided that this side of the aisle is not allowed to participate in the political process anymore.
So every morning at 8 o'clock, Mike Boyer from North Carolina and I do a podcast called Law and Legitimacy.
John, your phone's ringing off the hook.
Biden's trying to chase you down as we speak.
But you have a show as well.
Where can people go to get the coordinates of that?
Where can they listen in every day to get more of your insights and analysis?
So every morning at 8 o'clock, Mike Boyer from North Carolina and I do a podcast called Law and Legitimacy.
It's on X at Rumble and YouTube at LawPodDaily, at LawPodDaily.
Join us at 8.
We're only a half hour, 40 minutes.
But we try to give you a sane insight and perspective on the news and give you talking points.
So that when you go to the water cooler and when Oprah's lieutenants is leaning on you, you can say, not so fast, thunder thighs.
There's a broader truth out there and here it is.
The great Norm Patus, I really want to appreciate you coming on for us today, taking the time.
I know you're super busy, you got a lot going on, but we all need to come together in this moment because we understand it's do or die, right?
We want to have any semblance of a republic, if we want to have any semblance of an ability for conservatives, for the right, pro-lifers, traditional Catholics to be able to continue to just live our lives.
Talk about influencers.
fight back and Norm Pattis he's a guy that's standing up and fighting alongside us go and support him check him out stay tuned we got much more for you here human events daily talk about influences these are influences and they're friends of mine Jack so like where's Jack all right Jack so we back here human events daily I I got a question for you guys.
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Very excited now because we've been talking so much about how We need to conduct not just social, we can't just fight back socially, we can't just fight back culturally, we can't just fight back politically, we have to fight back economically.
We must embrace economic warfare.
One of the leaders in the new economic war against the left that has taken over our institutions is Michael Seifert of Public Square.
Massive announcement yesterday, he joins us here, Human Events, to lay it all out.
Michael, how are you doing and tell us the latest.
He blackpailed or sad about what's happening in the country right now.
But I will give you a hopeful, hopeful encouragement.
The parallel economy is growing rapidly.
And we obviously should vote every two and four years to make sure that we are overwhelming the corrupted systems of the tyrants in our society.
But you can actually vote every single day with your wallet.
I actually love that you just talked about one of your sponsors, Silent.
They are a perfect example of one of the businesses on the parallel economy like you can find at PublicSquare.com that are absolutely changing the game and standing for human liberty.
So we've obviously been building the largest compilation of patriotic America First businesses the country has ever seen.
And yesterday we took a massive step in our effort toward confronting Amazon and that looked like launching e-commerce.
So at PublicSquare.com you can actually add Purchases to a cart and check out right there on the platform without ever having to leave the site.
This was a major technological advancement To streamline the shopping experience because to date we've been a directory we showcase businesses and products that share your values but you actually conduct the transaction on that business's website now and We've actually brought the shopping cart experience to the site itself.
So at PublicSquare.com, you can add multiple products to one shopping cart and checkout.
So whether you're looking for a gun bag, toilet paper, diapers, household cleaning supplies, or a new holster, you can actually conduct your transaction for all of those different items in one shopping cart experience.
This was introduced along with a host of other advancements and enhancements to the platform, again, all to confront the corrupted incumbents in the world of commerce.
And thankfully, it's working.
Patriots are actually able to shop their values, put purpose behind their purchase.
And this is an incredible way for conservatives to fight back in the culture war.
So you don't just have to boycott Bud Light or Target or these different entities.
You can actually shift your products somewhere more purposeful and positive.
That's the future we're building at Public Square.
It's very exciting.
Well, and this is amazing, too.
I was joking that, you know, they're, you know, Amazon, it feels like that, you know, is is like gobbling up everything in the US.
But the problem with Amazon, of course, is that that puts a direct tie on the United States to China economically.
Uh, they do not have our best interests at heart, and as well, when we get into situations like, oh, I don't know, a coming war, or a global pandemic, we then find out that our supply chains are all overseas, and oh, by the way, controlled by people that are hostile to us.
One of the key focus- I'm not saying that everything on Public Square is made in America, but there's such a huge focus on local there's such a huge focus on national brands and there's a huge focus on brands that support patriots directly people who actually understand the fight that we're in and are willing to make it there was you know there's even a kind of a okay I'll just say you know the thing that happened it was like this meme that's going around right now this morning they're saying that the
The Texas Rangers, so they won the World Series last night and they were the only major league baseball team that didn't have a pride night.
They were the only one.
They had been attacked mercilessly for this in the press.
They were saying, how come you're not doing that?
How come you won't do this?
And they said, look, we're just focused on baseball.
Okay, we're just focused on our core competency.
And I think that's something that Public Square is getting at too, isn't it?
It absolutely is.
And you brought up two really important points there.
But before I get there, It's actually fun that you mentioned the Texas Rangers.
They reached out asking us if we'd be open to advertising in their stadium.
They loved the message of Public Square.
Yeah, it was pretty cool.
We're still in the process.
We'll see what happens for next season.
Oh man, those rates are going to go way up.
You should have locked in, man!
You should have locked in!
You should have locked in, and now it's gonna be like... I could have never imagined that this is where they'd be.
I say that whenever I go to, you know, wherever we're talking about with the producers, I always pull out that line from The Wire.
I remember Marlo, and he takes over the families of Baltimore, and he goes, yeah, put the word out on the street, price of the brick going up.
That's kind of how I feel.
I'm regretting that I didn't jump on it halfway through the season when they reached out, but maybe next year.
But it's interesting, Jack, you mentioned the international supply chain side of things.
We actually ask every single business that signs up to make their best effort.
They have to literally select this as a part of their agreement of joining.
We ask that they make their best effort to make or source as many of their products from the United States as possible.
So you're exactly right.
We have restaurants on the platform.
It's nearly impossible for restaurants to make sure they're getting all of their plates and cups and utensils and things like that from the United States.
Actually, you know what's interesting is we were meeting with the My Patriot Supply guys recently, and you know what they said was spices, like little spices, little precursor ingredients you would think that.
that, okay, well, I have to source this from wherever it is, but that will actually get you to the point where you can't put made in America on something, even if it's just food.
I was like, wow, just a spice, just a spice would do it.
Yeah.
And that's, that's, you know, obviously an issue confronted by some industries like the food service world far more than others.
The goal though, is that over time, we'd be able to shift the manufacturing world back toward the What's going to happen in 10 years, Jack, is everybody's going to wake up in the economic world and recognize the writing on the wall, which is that China's demographics are crumbling.
The global supply chains that we've relied on for decades are not working anymore.
And there's going to be a need for a new American Renaissance era.
And people are going to wonder where the heck they can turn.
And we're the only marketplace right now that's prioritizing the move back toward our shores.
And so what we ask folks is, hey, A, let's stay away from China.
B, let's stay away from other communist authoritarian countries.
C, if you need to be in another country, let's at least try to source from allies or from North America, preferably.
And then D, obviously, if you can, let's go to the United States.
So our goal is, just like it took the tyrants decades to move our manufacturing away from the United States and into globalist hands, it's going to take decades to bring it back, but we have to start somewhere.
And so our goal is that as we can support American small businesses, by the way, over 97% of our businesses on Public Square are small businesses.
As we support those entities that are doing their best effort to bring their manufacturing and sourcing of goods to our shores, ultimately, we're going to start reversing the trend.
We're going to see that the American enterprise arena is going to become prosperous again, and that the incentivization structures And the profit structures will begin to celebrate American enterprise again rather than detract from it.
So we're very hopeful for the future of the American marketplace as more companies in the parallel economy are actually growing and advancing.
While Target and Bud Light and these different entities are crumbling, we are finding that the parallel economy is actually surging.
It's very exciting.
Right.
And people have made much about Bud Light and, you know, running to UFC and doing all this stuff, whereas the companies that you're dealing with, you know, they're not trying to get into those waters to begin with and simply saying, we're just going to provide a great product.
We're going to stand for our values.
How has the response been in terms of user base?
Are you guys seeing it?
Are we are we going up?
Are we going down?
Are people responding to this?
What's what's been the reaction?
Yeah, it's been pretty phenomenal, honestly, that as the Market caps of some of those companies, as you've described, have plummeted, as the shoppers from some of those other companies like Target have plummeted, with Target, for example, experiencing their first earnings miss they've had in six years.
By the way, side note, the last time Target experienced that earnings miss six years ago, if you remember, was because of the bathroom debacle.
That's when Target took a stand for allowing transgender people into bathrooms, and their sales took a hit.
They clearly haven't learned their lesson, but the opposite is happening in the parallel economy with platforms like Public Square.
We experienced a 300% growth in one quarter, last quarter.
So the amazing surge of increased traffic from consumers looking for other options is not only good for the business, more importantly, it's good for the over 70,000 businesses that we actually promote.
They're the ones that are on the receiving end of this increase in traffic.
Their sales are going up.
We heard from a pet store last week that reached out and said that they've experienced a thousand percent increase in sales since joining Public Square.
So while Joe Biden's economy is hurting and harming small businesses, our encouragement to those small businesses is, hey, come try the parallel economy because you're going to find an actual escape from some of the economic turmoil that many other enterprises are currently seeing due to failed economic policy out of Washington, DC.
The parallel economy is growing and thriving even amidst a lot of troubling economic uncertainty, rising costs of goods, inflation skyrocketing, etc.
And so our encouragement to even entrepreneurs that are looking to start out is press into this parallel economy.
Do it in a genuine fashion and you'll find that consumers are on the receiving end of that, excited to support you instead of some of the existing incumbents in this space that have become incredibly corrupted.
Michael, where can people go to follow you, to follow all the updates, and of course, how do they get the app?
Head to PublicSquare.com.
That is the best place to get started.
If you head to PublicSquare.com, you'll find all you need to know.
You can track along, make purchases, you can check out our investor page, you can find our blog to learn more of the updates to the company and what's coming next.
We're growing fast.
We're advancing, trying to make updates and enhancements every single week.
And thankfully, this movement is growing due to the power of the consumers that are taking part.
So, PublicSquare.com, join the movement.
It's free to join.
We won't ask you for any money.
No premium version you have to sign up for.
Just come and enjoy the experience and support the patriotic parallel economy.
It's as simple as that, folks.
It's economic warfare.
This is how we win.
This is how we shift the culture.
And it can be done in a couple of months.
It can be done in one year.
We've already seen how fast this has shifted the marketplace when it comes to Target and some of these other titans.
Just wait.
Public Square taking on Jeff Bezos one-on-one as that guy is digging us in with China, digging us in with the Washington Post.
We're done with it.
We're done with all of them.
- - In my ear about the boring people at your office.
I'm trying to listen to the new human events with Jack Pozovic.
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And, what can I say, guys?
I'm a man of my word.
We now have Mark Naiman and Alex Ian, the CEO and the co-founders of, the CEO and COO, the co-founders of Allegiance Gold, joining us right now.
Mark and Alex, how are you?
We're doing well.
How are you, Jack?
Thanks, Jack, for having us.
You know, when we started working together, And I remember, and people will, you know, they say, this is not true.
It's not possible.
I said, I remember it was actually a spot for Allegiance Gold where that was the first time when we were working on the original copy for the, yeah, that's when I came up with the word Bidenflation.
And it's become, look, it's so big.
It's this huge thing.
Everybody says it now because it's one of those portmanteaus.
It's just so obvious.
It's my gift to the American people or whatever you want to call it.
But I always say to people, I'm like, go back on X, man.
I was the one who said it.
Bidenflation, right?
I was number one, numero uno when it comes to that.
But I'll ask this way.
When Biden took office and we started to see spending go the way it did, and we started to see the money printer going the way it did, did you expect the inflation to get as bad as it has?
Yeah, Jack, that's a good point.
I think when we think about inflation, inflation is a symptom of a weak currency.
So in order for us to understand where we are right now, we just have to go back three years.
The national debt was around $20 trillion.
Today, we're at $34 trillion.
In other words, 40% has increased.
So the more they print, the weaker the currency gets.
See, the problem is this.
You have bankers on one side, and then you have policymakers on the other side.
There's one thing that they can agree on, which is anytime there is a problem, they're going to Bailout, they're gonna print more money.
And guess who benefits the most?
Whoever's closest to the print machine.
See, the September inflation numbers came out.
They said it's 3.7%.
But the American people understand that this is a lie.
Because, as you pointed out earlier, we're actually feeling it.
Look at the price of gas, look at the price of food and rent.
Those are the main contributors of where inflation is.
So, were we actually surprised of what inflation occurred?
Not really.
Because we understand history.
And we're not talking about the inflationary period in the 70s and 80s.
Okay, we have not lived through that era.
But when I speak to my father, and I say, mortgage rates are worth three and a quarter.
Now it's 8%.
He says to me, Alex, don't forget, I paid 15% and that's when I started thinking, I said, are we ready for such a thing?
And the answer is no, because obviously they've been raising interest rates 11 times consecutively to try to lower inflation.
They did lower inflation on paper.
See, if you take things, how true inflation should be calculated, you can actually reflect that the way you'd like it.
And obviously that's the lie that we've been told.
That's why now more than ever, it's important for people to understand, to get educated.
It's not about the mainstream media.
It's not about Wall Street.
It's not about the banks.
These are the entities that are not going to inform the average investor of what is happening to our money.
It's not about just looking at our statement and seeing that we're getting a little bit of a return.
One has to factor in what is really the cost of all this?
What's happening with my buying power?
Well that's exactly right, and I can sit on X or whatever social platform and you see people talking about this.
There was actually a TikTok that went pretty viral on, and I know it went viral because it crossed over onto X, I don't really do TikTok myself, but there was a guy who was just walking around, I think it was a Costco, And he had taken photos of all the basic things that he gets when he goes on a Costco run, and he just compared the prices today to what they were last year.
And this wasn't 15%.
We're talking 75%.
We're talking 80% increases.
Way, way, way higher.
talking 75% we're talking 80% increases way way way higher and so he's sitting there going look I don't know what the government's telling you but I can look at the numbers and I can do basic math and this is way more expensive than it And, oh, by the way, the number is a lot higher than the number that you guys are telling me on TV.
And plus, in addition to that, what we're now starting to see, and a lot of people have talked about this, is the shrinkflation of, you know, your portion sizes are getting smaller, the The package will be a little bit smaller.
You know, it's not 16 ounces.
It's 12 ounces.
You know, they're just shaving because, of course, that makes up in bulk.
And I get it.
I get why companies would do that because they're trying to keep their volume up.
They're trying to keep sales.
But at the same time, it still goes back to the consumer.
And so not only we have that, we've got another situation here where We thought that the war in Ukraine was winding down.
It seemed like it had been winding down.
This last push by the Ukrainians into those Russian-speaking areas didn't go very well.
They spent all year trying to make it happen.
It didn't happen.
Then we see this huge flare-up in the Middle East.
Talk to me about how this massive increase in, and I know we've got another segment after this, a couple of minutes left though, When we're talking about war, when we're talking about the potential for now two major conflicts on the world scale, the United States getting involved in both of them, what kind of effect does that have on the dollar, which, as you say, is already in a weakened state?
Yeah, well, here's the thing.
Our U.S.
Treasury, Janet Yellen, came out a couple weeks ago and said, We can afford funding to wars.
What that simply means, essentially, we're going to continue to print more dollars.
And as we continue to print, we're going to see the impact on our currency.
But the biggest threat right now is for us to take into consideration is that a lot of the cost of commodities are going up.
So when the price of oil goes up, it trickles down on the transportation.
It trickles down to every aspect of our economy.
So the average person takes a step back and looks at this.
They say, well, what am I supposed to do during War.
What's going to happen to my retirement account, to my wealth, to my assets?
Truth to be told, gold is doing what it's intended as a safe haven asset.
So we're seeing an increase in gold ever since the war broke up in the Middle East with Hamas's attack.
Gold has been up about eight and a half percent.
So what gold is doing, it's fulfilling its primary role, which is number one, we want to have that safe haven asset.
But keep in mind, gold has a broadest demand.
You have investors, you have the jewelry, you have central banks.
In the background, while we have all these problems, central banks have been buying at the high space.
So typically, investors come towards physical precious metals for the security, safety, and proper diversity during economic and geopolitical concerns.
Yeah, Jack, if I may add in here, the only surprise that I have... Please go ahead.
Yeah, I'm sorry.
The only surprise I have, you have a president that put the United States back where it should be, make America great again.
And you have a term, you have a president that comes in and demolish everything that we did.
This is the biggest surprise that we have.
Did I anticipate inflation?
Probably not to that extent.
I mean, how can you ruin what you've already built in the last four years before your term?
It's all about decision printing money, sending taxpayers to abroad, I mean, we need to support our allies, but at the end of the day, you have citizens and you have residents of states living in here, and they come first.
The decisions that our president is making, they don't make sense.
And this is devaluating our dollar.
It's shattering our stability and confidence in the digital dollar, or even the regular dollar at this point.
And people want to move into an asset that they know they can depend on.
This is the most concern that any of our clients talk about.
We need to be in gold and silver because we have no confidence in any other assets out there because of the decisions that are coming.
Lack of confidence in these assets.
The collapse of complex systems.
This is why people are going back to the traditional, the ancient assets.
Stay tuned because Mark and Alex from Allegiance Gold are walking through all of it with us.
Long hours.
I'm always listening to Human Events with Jack Posobiec.
Alright, Jack Prosopic, back here live, Human Events Daily.
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Mark and Alex, we were talking before about how the launch of this war, particularly the new front of the conflict that we're seeing erupt in the Middle East, is going to have a direct effect of pressure on the oil markets.
I talked about this yesterday.
I said when it comes to geopolitics, you know, the French have a saying when it comes to You know, when it comes to trying to unwrap something, you say, Cherchez la Femmes.
Look for the woman.
In geopolitics, it's Cherchez la Petrol.
Look for the oil.
You must look for the oil.
Cherchez la Petrol.
I had a professor who used to say it.
But we know this is coming.
We know the pain at the pump is going to be there.
We know that's going to have downward pressure on all the other commodities.
It's going to roll downhill.
What would you say to somebody, what do you say to people who come to you and say, I'm interested in this, I've heard about precious metals for a long time, I don't like what the Fed is doing, the centralized banks seem like they're going nuts, but I've never done this before, how do I get involved?
Okay.
Well, that's one of the most frequently asked questions.
And before I address that, since you mentioned the war, I think it's very important to talk about right now, as the war is happening, there's also a war against our wealth.
People work very hard to build something that they can depend on, but yet they're not able to preserve that wealth.
And that's the biggest problem with our money.
If we can go back in time, only let's say 2023 years, a million dollar back then, today, it's worth half of that.
And it's not about the compound effect of inflation, which the Fed controls at 2%.
It's really that acceleration that we've seen in the last three years.
See, during the pandemic, They decided to sacrifice the currency to save the economy.
Right now, we're at a point that that sacrifice is what we're paying for.
So, the thing about gold that Wall Street doesn't want you to own it, the banks don't want you to have it, the government doesn't want you to have it either, because you become in control.
See, the root cause of all of these problems boils down to control.
You and I, we're not in agreement for the government to continue to print and devalue our currency.
But yet again, we are the ones that are paying for it.
See, inflation is one of the worst forms of taxation.
So a lot of our first-time investors, when they come to us, first we start with the educational part.
You have all types of assets.
It doesn't mean that gold is the only way.
But it's an alternative asset and it's the right way to properly diversify.
If you think about your assets in stocks, you need the market to be favorable.
You need the company to be profitable.
And speaking of stocks, not to paint a bleak outlook, but we haven't had a recession in the last 15 years.
And right now, although they just reported the Q3 GDP numbers, while again on paper it looks good, there is a disconnect between the real economy and the stock market.
What I mean by that is we're seeing bankruptcy filing increase.
We have more than 2,800 stores shutting down.
The banks are tightening the belt.
There's a problem within the commercial real estate market, which is going to trickle down to the overall loan defaults.
Credit card debt has surpassed a trillion dollars.
It's the highest level.
And the auto loan 60 day, there is an increase in defaults.
In other words, what I meant earlier that there is a disconnect between the real economy and what we're seeing in the markets.
You look at all that and you say, well, why gold and why now?
Because our wealth is under attack, there's never been a better time to understand the importance of gold and how to best own it.
Gold is extremely simple.
It does not depend on anything else.
It doesn't go to zero.
It doesn't have that counterparty risk.
So while there has been a frenzy in the bond market because of this interest rates and the yields and how there is a lack of liquidity, you need payers for that bond to perform.
You need a tenant in a commercial real estate building for the real estate to perform.
You need the company to be profitable for the stock to perform.
However, for gold, you don't need anything.
It is very simple.
It is the oldest currency that we have.
Unlike the dollar, it cannot be printed because it has a limited supply.
And unlike oil, it cannot be consumed.
So in other words, when people come to us, it's a very simple process.
First, we want to find out what are their outlook?
What are their concerns?
What are their risks?
What is it that they're looking to diversify and protect?
Once they determine that vehicle, We have a whole dedicated department that helps them with the process.
And because we are a full-service physical precious metals dealer, we understand that gold and silver are not a day-to-day asset.
They're mid to long term.
Our services are designed to help the client throughout the ownership of the physical precious metals.
So first step would be, Is to visit the website that you mentioned earlier, which is protectwithposo.com.
There you go.
By the way, we appreciate the partnerships.
I think the amount of information that you provide, and as we were speaking off air regarding the docuseries that you've done, the great resets, I think a lot of people should get educated on that.
You go to the extreme to actually explain in a very simple way Uh, what that means, what is the, we're going to talk about the CBDC and the digital dollar and what that means to the average individual.
But we're here.
We believe in educating and we believe in building a relationship as opposed to a transaction.
Amen.
Mark and Alex, thank you so much for your time.
Go check it out, folks.
ProtectThePosso.com.
Ladies and gentlemen, gotta let you know, a bit of an announcement.
I'm gonna be on assignment for the next couple of days.
We have a series of guest hosts that will be here for the first time on Human Events Live.
Evita Duffy will be here in the chair tomorrow, and we'll have a few other surprise hosts as we continue.
Ladies and gentlemen, as always, you have my permission to lay ashore.
