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and we are live you guys should know this is like my very favorite show that I do all week because it is live and I love your questions even if sometimes those questions are a little um ask them anyway ask me anything because Adam and I were just chatting before we started this and you guys know my very favorite question is how many times can we be lied to when we do not know the truth and I really am all about educated choices even if you disagree with me that's fine I'm going to give you that information I'm going to give you the links to verify because I don't want you to be blind sighted and I really really really really really want you to have the ability to make educated choices okay so enough of that soap box but what I want to talk to you today is another area of the commercial real estate market that is in deep trouble and this impacts most of the normal mom and pop the Normal public even more than it impacts the banks so let's just Dive Right In And by the way hit that like button make sure you subscribe make sure you share so here we go Pimco warns of more Regional bank failures on property paying and the bank selling quality assets first to avoid big losses but if there's enough of a run they're going to be selling all of those other assets as well so you have to understand that much as they want you to think that this is contained in the regional Banks and the community banks no Regional Bank pain is also big Bank pain and we're looking at the US property that's risk at risk this the orange to Yellow is outstanding distress and then all of this is potential distress and we all know about what's happening in the office Market but what about the second largest one which is the apartments and who is really funding this and ultimately could this big Bank pain trigger the next Global financial crisis because we are all incestuously intertwined understanding the trend cycle so I'm going to start and I'm going to be doing this with all of the different asset classes over time but if you learn to recognize the patterns of a trend then you get to make educated choices about where here we are in that Trend and therefore what is the next most likely outcome and therefore how should I get into position to benefit from it weather the storm Etc so understanding these Trend life cycles will help you make those educated choices and that's what we're all about so look at this Real Estate Investors are wiped out on bets fueled by Wall Street loans what what are loans that's de debt right Wall Street Banks they provide debt and when Nixon transitioned us into this phase that were at the end of pure debt based system okay who benefited most from That Wall Street the 1% that income and wealth inequality let me let me continue on syndicators made big purchases that are unraveling with high interest rates adding distress to an old already troubled us property Market this is about the public investor wealth transfer right because people think oh real estate never goes down and this is the way you are always suckered into it because what you saw were prices going up and up and up and we forget that what goes up must come down when you're at a you know what you're doing is gambling okay well Wall Street has become this huge where trading is what it's all about trading is another for form of gambling that's what it's all about if I want to gamble I'll go to Las Vegas and I will gamble right and I know that if I put my money down I got a chance of losing it most people are so naive they don't really realize that but what we're going to talk about today are apartment values boomed as you can see and then busted unlike Office Buildings though largely backed by Major financial institutions offices are backed by financial institutions much of the unraveling is centered on personal investors because they sucker you right in so you see it going up up up up up right this is this is that number this is that perception management where we get Blinded By Numbers oh the real estate market is going up oh the stock market is going up oh the crypto Market is going up that's in terms of this stuff while at the same time its value is going down your purchasing power value is going down so don't be blinded by it just understand where we are in the in the system and what the next most likely outcome is and that's what we're really going to talk about today but in this area here people were gambling but they didn't know it and I'm not even saying that the broker that put you into this knew or had any ill intention no it goes way higher than that but they showed a great example of how retail investors can lose big money in apartments because didn't we hear well if people can't afford houses then they're going to have to rent apartments and those rent oh those incomes went up and up and up but there's it there is a function of affordability in all of this and also how much debt is taken on so I thought they did a great job with this that's why I'm using it the investor puts in say 50,000 and this is an example and by the way it does not include any fees that you would have paid but an investor puts in 50,000 the syndicator so Wall Street bundles it with money from a whole bunch of other investors that's the equity so that's the cash that's been injected into this Fund in this particular case individual retail investors contribution was 7 million in this example then what they do okay the syndicator goes to Wall Street to obain obtain a $32 million mortgage so that's that is the debt and what we see is here's that 7 million okay that's great that's the equity but look at how much debt compared to the equity that it is so while they say that's the debt I also need you to understand that that's the Leverage What they're building here is a derivative which is a big BET right it's a big leveraged bet this is a fabulous example of it I could give you a gazillion more but I thought they did such a good job with it so you can see that leverage next using the combined money oops let me go back here using that combined money so all of that debt plus all that equity in up market right uh the syndicator buys an apartment complex and starts renovation it goes well at first the property is oops sorry about that the property uh now the syndicator buys an apartment complex and starts Renovations anticipated property value increase by6 million so it looks great at first and you're going oh look at this My Equity has gone up by 6 million I it's almost doubled because you had 7 million in equity and then another six million as it appears in profit of course that is an [Music] illusion because then what happens next Real Estate enters the hypers supply phase bear with me because I'm going to show you all of this but then interest rates rise rapidly causing the property value to fall and the syndicator is now facing in a cash Crunch and is forced to sell at a loss why because loan repayment takes priority over Equity investors so out of all of this remember your 7 million in equity over here oh no no no no out of that 7 million there's only 500,000 less or a 93% loss that is a perfect example of a derivative how they use leverage to make things look good and while the Fed was on your side by keeping interest rates at zero so lots more free money can come in it is a Ponzi scheme Ponzi schemes must always have new entrance easy to do in an up Market because you think oh well look at this isn't this great I I put in 50 it's almost worth another 50 50 right I've done great maybe I'll put more in maybe somebody else will put more in but when that Ponzi scheme cracks it's exactly what happened in 1929 right 1929 what are you talking about don't you remember the stock market crash that pushed us into a depression because we are going into a hyperinflationary depression this is exactly the same there was Credit Credit Credit Credit Credit and then as those that were in power and under understood what was happening sold their Equity into the public buying binge because they kept seeing the market go up up and up and then they withdraw then they withdrew the credit and then everything crashed and that's exactly what we're seeing here so you know I'm telling you we can tell with all of these patterns what is really happening and what is next because there's your mortgage balance there's your Equity investor Equity gone gone gone and who are you going to complain to who right if you read the prospectus you would have understood well or at least you might have had a handle on what was going on and how you were really set up to fail not the banks look it the banks that's still has to be that still has to be serviced you the in the investor and boom that wealth transfer is complete so one of the things that we look at to understand where we are in in as far as apartments are concerned anyway is rent growth and rent growth in some areas is positive right so in all of these areas everything above that line is positive rent growth look even in San Francisco over here as far as apartments are concerned they're still seeing growth that's not true in the other areas of commercial real estate but all of these other ones are declining so we are still barely because here is the national average right you can still you're barely still positive but you can see that shift that is occurring and this is is what we know from this particular pattern and I'm going to get more detailed with this in just a second real estate is in the third phase of this Trends life cycle I think that's probably where we are in everything rapidly moving toward the fourth and Final Phase so when I tell you this may be your last opportunity to get to get into position I am not kidding we are rapidly approaching this now let me let me show you because this is just typical I've shown you this before I've been doing this since on on YouTube since 2016 I'm going to show you in all of the different investment areas where we are and but it all looks like this Rising rising Rising then you hit a peak and then it starts to decline so one of the key indicators is increasing vacancy new construction this is the hyper Supply phase part of the things to realize is that it doesn't this Market cannot turn on a dime it took a long time to plan those apartments right so you might go around and see lots more building going on like I do here in Phoenix I mean there are cranes all over the place but all of that funding was secured years ago and you are in these kinds of cases you are locked in it is hard for you to get your money out and you can see where we've already begun the decline going into the Final Phase this is what you need to be prepared for because that's also where the opportunities lie and I'm going to show you in real time just give me a second but what you'll notice is in this example which is a stylized example where we started out in that undervaluation phase is where we end up so it's always a cycle as long as it's a tangible asset now in a paper asset nope those just evaporate but obviously real estate that apartment building isn't going to go away just because it's lost value however it will have to be sold it will have to be sold until it hits an undervalued bottom so when I'm talking about having gold to hold your purchase ing power intact drive around where you live say gee I wouldn't mind owning that asset I wouldn't mind owning that asset and really dream a little bit you can because if you are properly positioned and that's what a sound money strategy does for you right click that link below set up a time to get your own strategy in place this isn't just about surviving this this is also about thriving through it and coming out the other side better off than when you entered it and if you can start to understand these repeating patterns that happen every single time this is not rocket science it's just a recognition of patterns and we know because what did what a 53y old Trend pattern just broke that's not good if you haven't watched that video yet Adam will put the link below better watch that because that's significant but okay let's go back to the charts now all right so um let's look at real life why not this is from the April 2 2024 Financial stability report from the Federal Reserve and this happens to be on commercial real estate prices adjusted for inflation uh continued to decline but can you see how this pattern started here went went up then declined actually passed where it started right and then we saw that pattern repeat again so when I see this is that cup formation that accumulation pattern and when you see that what that tells you is that smart money has recognized a severely undervalued circumstance like what's happening with gold right now now and silver as well right they've recognized it they are quietly accumulating all those central banks buying gold hand over fist this is when I'm going to tell you that I'm going to convert some of these into some of that incom producing assets that I cannot outlive look at how much further down it is likely to go maybe even more where there were you're hearing people the Talking Heads say this is is a great buy you should be buying commercial real estate right now oh no no no no no no no no this is not the time to be doing it yes it's down and in some places it's down pretty substantially but globally think about Japan in the early 90s their residential real estate dropped [Music] 85% their commercial dropped 95% what we're looking for is an ACC accumulation pattern and I'm going to that's why I'm going to show you with stocks I'll do that next week I'm going to with gold everything these are simply repeatable patterns it's so easy Once you learn how to recognize it because they all look very very they all look pretty much the same might be a few things but they all look pretty much the same so I'm hoping that you can really see the pattern in this because we got a long way to go down it is not time yet and we got a long way to go up I'll be showing you that uh in another video and will this then break below that good let it that's just the opportunity there's always opportunity in crisis but what happened here in 2008 was that the Federal Reserve by dropping rights to interest created a a false bottom people think I did great because I bought this property in 2010 and severely below where the current market is right now but truthfully was that a real bottom no it wasn't I I just got lucky with that and there were reasons why I had to do it you got to have a place to live you got to have a place to make your last stand but when people ask me should I invest in real estate right now no no no no no no no no no unless you want your wealth to transfer to whoever you buy it from then of course Rock and Roll Hoochie Co but that doesn't make a whole lot of sense to me that opportunity lies ahead this opportunity to accumulate gold and silver while it is cheap is now and in fact gold remains one of the best performing assets in 2024 so this is the year-to-date returns for gold and look at where it is the only thing that performed better were stocks and we do know that stocks are artificially and gold is being artificially pushed down and stocks are being artificially held up giving the Insiders an opportunity to liquidate look at Jeff Bezos he just sold another whatever 500 million or whatever that number was at a top right this is this takes me back to 1929 like you cannot believe because I've studied this and once you study this stuff and you start to see I mean there's always there's over 4,800 currencies debt-based Fiat government back currencies that no longer exist and they too have the same pattern in purchasing power is a key pattern that we see because inflation is built into the this system so we can see that Spa gold was the second best performing asset and what are we also seeing we are seeing that the public is becoming aware I have been waiting for this for so long do I think you should go to Costco and buy gold or silver no of course I don't I think you should click the link and have a strategy so that you know what to do with it and keep watching me and I'll show you what I'm doing with it right right now I'm continuing to accumulate that's what that's where we are in this trend cycle we must continue to accumulate but in the future when we see this okay let me just go back to this pattern there it is can you see it this is not rocket science but I'm showing you the opportunity that is right now and the opportunity that lies ahead and so now I will take questions if Adam puts him up on the board for me your eyes all right oh he makes me dizzy when he does that okay Wendy Pierce asks can you explain how the government monetized debt well yes by issuing bonds bonds are a debt instrument then the Federal Reserve turns That Into Cash they monetize the debt they turn the debt into money and it is that simple and Melissa mayor asks uh why is my pre-33 gold worth less now I don't understand why when gold has gone up so much thank you for all you do for us first of all it is my pleasure it is my job and it's why I'm here on the earth okay so uh dep it all personally it all depends on when you bought it right the coins as I've shown you in a recent video and maybe Adam you can put that um in the in the link on the different ways to buy gold but the pre-33 gold coins at the level at this level that we're buying have not yet broken the 2008 um High of this trend high so if you bought it in that vicinity yep you're still going to be down at this moment that's an opportunity to continue to accumulate and that's why it's so important to understand the fundamental value of gold because when you're just looking at numbers like looking at the stock market or the real estate market or the spot gold market right that is that's a big fat lie I mean it is that simple this is a trading market with the breakouts that's telling me that there's a lot of buying pressure out there just like people going and buying it at Walmart and Amazon and things like that whereas this is a physical only Market not a contract market and so that is a true supply and demand market and when they manipulate the prices on the spot Market that has an impact on the individual psyche and so for a while there yep people were liquidating that's your opportunity and in fact I'm going to write this down so I don't forget um I I was going to do it on stocks next week and I still am I still am but I'm also going to do it on go so you can on on the uh pre 33s so you can see it for yourself instead of my blah blah blah words so Melissa I'll see you next week and I'll even do it on the live so tell everybody and then we can ask more questions but but that's really why it is a physical only Market that's the market you want to be in right it's the spot Market was created to as a perception management tool to keep you away from gold but does it impact the psyche absolutely it does that creates the opportunity and the importance of understanding the true value of an ounce of gold an ounce of silver so that or or even a stock or a bond or any of that stuff what's the fundamental value of this well just look on the Federal Reserves purchasing power chart and down in the leftand side on that index what do you see a big fat goose egg and we have been relentlessly moving toward that but as we move to toward that they have used the interest rates and they have used the devaluation of this to push up their Fiat money products this is real wealth and your ability to hold your purchasing power privately and also more in my opinion a lot more safely okay and I I'll go into that more next what do you mean by fundamental value can you explain that sure the fundamental value of any instrument or asset and there's some nuances in here but you have to identify what is the single most important function that this asset or this instrument uh performs for the creators not what you wanted to do I'm sorry but that's not really relevant it's those that are in power what did they want it to do right so you can do that for any asset like I just said and actually it's on the back of it's on the back of this bill as well it should be on the back of this bill but anyway it's on the back of the bill the primary function of the US dollar today which started in 1913 when the Federal Reserve was legalized with inflation baked into the cake so governments wanted to be able to charge you more taxes without having to go to legislation and corporations wanted to pay you less so if you look on the purchasing power chart again they show you there's three cents left but they show you the true value of the dollar is zero the fundamental value of the dollar is zero its most important function is as a wealth transfer mechanism to the government and to corporations and we've certainly seen that for gold which is savings money right it's most important function is to hold your purchasing power intact over time plus when you hold it it is invisible and inaccessible to those that are in power so how do you know what the fundamental value of an ounce of gold is and I'm going to sound insane when I do this but how's this money created oh this is a federal reserve note take a bill out of your pocket look at the top of the bill it says Federal Reserve Note a note is a debt instrument okay so the way that you get it is actually pretty simple since money is created by debt like we i' like the first question and I showed you how they monetize that debt money's created by debt then you take all the debt that has been created and you can do it in the US but this is global to me so I look at it in a global sphere and the if guesstimates that at what $313 trillion now we are even talking about all of the derivatives that are on top of that debt those big leverage bets let's just stay with the actual debt there is a finite amount of gold anytime you get physical with anything there's only so many mugs there's only so many ounces of gold there's only so many trees there's only so much silver that's out there and since gold is the primary currency metal metal you simply divide all the debt by all the gold that exists and the reason why gold became the primary currency metal is because it's one of the reasons is because it's indestructible so we can account for 98% of all of the gold that's already out there right so you just divide all the debt by all the gold and that gives you the fundamental value of an ounce of gold now what we first of all knowing that which is somewhere around 40 Grand right now and spot is like somewhere around 25ish 23 2400 right can you see what a huge bargain it is now I'm am I telling you in this first iteration when they do that overnight revaluation if they were to do it today and they were Co to cover it on a one to one ratio which is not likely quite frankly uh but they would do it on a one:1 ratio well there's your gold at 40,000 bucks and I know it sounds insane but if you had a $20 gold coin here this is a $20 gold coin and if you went back to 1900 and said you know one of these days that gold is going to be worth 2500 bucks they would have looked at you like it had three heads in insane but it gives you a foundation of knowledge and understanding and even Jim records and I've learned you know so he's contra controversial some people like him some people don't but I can tell you I've personally learned a lot from this man and I have a lot of respect for him he's calling for 27,000 right these numbers sound outrageous but that's just because you're blinded by this you have to rip that off and not be blinded by it the fundamental value understanding what that is and then mingling that in with where we are in this trend cycle gives you all frankly if you know nothing nothing else it gives you all the information you need to get into the proper position did I explain that okay Adam you did yeah exactly what I needed okay and you know and also if I if I give you an explanation and I didn't do my job well it's not you oh well she's just so smart I can't understand it blah blah blah no no no let me know give me an opportunity to explain it in another way because I really do want you to understand it they don't want you the powers that be don't want you to understand it they make it so complex but I really do want you to understand it and Silverman asks do you think the government has a load of gold in the Grand Canyon I don't know let me ask does the government have a load of gold in the Grand Canyon come on it's right on the corner oh okay oops upside down uh reply hazy try again okay it doesn't even matter if they have a hord of gold in the Grand Canyon because regardless there's still a finite amount of it and gold on the spot Market is still severely undervalued severely and so is silver okay and Samuel Spade asks if property insurance this is an issue if property insurance gets too expensive how will the mortgage slaves keep their homes well particularly if there's a fire or there's a flood or there's some other kind of issue yeah this is a real problem in a lot of uh like California and Florida where they get a lot of floods and fires and things like that um I I don't know how to answer that question you know you better make sure that you have sprinklers on your roof or like the bugout location is definitely in an area that could be prone for fires and so fortunately for me and I really appreciate Carl than if you're happy to be watching Carl and Jackie who I bought the property from I really appreciate the fact that he built it uh fire resistant metal roof metal walls uh shutters that come down and it actually did live through a pretty significant fire at one point and it came out completely unscathed so um and I also heard somebody I think somebody was telling me the other day about a friend of his that lives in California that had put sprinklers on the roof of the house and so when a big fire came through there he turned on those Sprinklers and all the houses around him were gone but his remained so you know you have to think about if if Insurance isn't going to replace it or or even if it is you're much better off doing whatever you can to avoid that issue in the first place and Jim mulvena asks will two ounces of gold and 230 ounces of silver be enough to set me up after this collapse asking for a friend well kind of depends you know if you call if you call Zang Enterprises and you talk to one of our strategy Specialists what they're going to do or they're going to establish what you're trying to accomplish first right that's where it all has to start what are your goals then what do you have to work with what is the circumstances that you're trying to accomplish so I mean I wouldn't think necessarily that 2 ounces of gold and 230 o of silver would would be enough because silver for me is my barable position and so I like and and so is gold the barable gold the fractional gold raw gold coins so it depends on what you're trying to accomplish that determines whether you're doing barable silver for like food and gas and day-to-day kinds of things or you're doing things like barter gold for property taxes and things like that um then you can determine well how much gold do I need how much silver do I need but you got to put your goals first so I I I wouldn't think so but maybe depends on what your goals are and and how you're positioned elsewhere and Alex Riley asks are there any books that would be great for a newbie getting into the silver and gold game well quite honestly read The Jackal read the the U monster from Jackal Island uh and also there are a number of books and Jim Rickards has written several books uh in there out there on the gold market Etc and then talk to people that are knowledgeable because there there is a lot of information out there but it's kind of hidden and I think it's important and call and talk to us we'll give you all the links and everything that you might possibly not need to make educated choices because we really believe in that strongly uh and Amir Bal Muhammad asks don't you think that physical silver will perform much better than physical gold so all there's two questions in here I'm going to answer the first one first uh well you're talking about the silver to gold ratio and how that's I don't know where it is right now but probably 80 to1 and how the long-term average is 20 to1 right here's a $1 gold coin a 20th of an ounce to a one ounce silver dollar right and at one point this was equal to this and this was equal to both of them okay that's not true anymore but at one point it was that kind of thinking tells me that you're thinking about it more like a trade right so if that ratio closes you're going to sell your silver because you've get gotten more gains in terms of this than gold that Gap while historically and I've done a lot of videos and and I I will I've I've got it on my radar how gold and silver just let me make a note silver perform during hyperinflation uh I did it with real estate so I I'll get that one done so you can see it but actually what typically happens is we will see that Gap narrow and we'll see that Gap narrow but then since gold is the primary currency metal it typically outperforms silver in those circumstances though silver does maintain your ability to purchase your loaves of bread right the daytoday kind of barter ability because when they reset a currency this is the primary currency metal because it has all of the qualities to be a good sound money currency and they take this that has no intrinsic value and they revalue it against gold which is all intrinsic value silver kind of set straddles Two Worlds now while both of these gold and silver are used in every single sector of the global market silver is more industrial it is still monetary and in any form you know it is certainly monetary regardless of the form but at the end of the day you need the primary currency metal and you're not going to let's say silver goes to 2,000 bucks an ounce because that's its current fundamental value so at 30 bucks or wherever it happens to be at the moment severely undervalued right stupidly undervalued both of these so yes you want to own silver you want to own it and you want to hold it having said that though you have to understand that that its market value is based in the industrial as well so if we go into this hyperinflationary depression which is what I think lies in our and history tells me also lies in our near future I do want this I want enough for my day-to-day barter ability but I'm also executing a strategy and that strategy is having the ability to buy incom producing and Legacy building assets when they are down at that bottom of that cup formation like I showed you in that pattern gold performs that function much better that's why you establish your goals so no because let's let me tell you when Silver's at 2,000 bucks an ounce you're going to be real aware that this thing has absolutely zero value and you're not going to want them okay and the second part of the question normally plattinum historically supposed to be more expensive than gold do you think it will adjust well it used to be more expensive than gold but Platinum is not a monetary metal it is an industrial metal and so you know there are times when Platinum was more expensive and gold was more expensive and I mean a lot of the things that I have are made out of platinum and at one point um when that flip-flopped early on in the trend cycle and and platinum first went below gold quite honestly I bought some Platinum but I don't have that anymore other than in jewelry form because it is not a monetary medal and this isn't about a trade for me this is about a strategy a sound money strategy a wealth building strategy and a strategy that because wealth never disappears it just shifts location and you want that wealth to shift your way because if they have their DS you're just a slave and they own everything silent Revolution peaceful Revolution just convert this junk into good sound money and Victor vrat MD says hi Lynette greetings from Louisiana love Louisiana I'm a federal physician with the Department of Veteran Affairs our fed 401K is the tsp should I convert some of it to a self-directed IRA for precious metals yep and actually if you have the ability to convert it into an IRA that also means that you can take full distribution of it I look if you don't hold it you don't own it and most of the gold and silver are actually held in Ira so when they if they should choose to do an over confiscation because frankly price manipulation inflation and many others are forms of confiscation but they just give it different names so you don't realize it but if they were to do an over confiscation the IRA would be the easiest Target because you can only hold bullion in there like this now you know I I did buy an ounce a bullion right here okay so this and this have the same amount of gold content weight why can't I hold this one in my IRA because it's pre-33 even as a raw coin which is why I think for emergencies I like this stuff this is how I hold my emergency savings but in this easy to do a sweep and the way that I think it would look because they don't want push back they don't want you to understand that what they're doing is disgusting so let's say spots at 3,000 bucks when that happens they say okay well we're gonna do a sweep because it's your patriotic Duty and we need this money because our debts are bad blah blah blah blah blah right they do a big huge sweep of the IRA and with spot at 3,000 they they leave you four right and you go well wow look at how great they're being spot gold is only worth 3,000 and yet wow they gave me 4,000 okay no push back except just like they did in 30 three after they took it away from the public then they did that reset so I I'm not I mean we offer those because we'll do whatever it is that you want you get to make those choices I cannot make them for you all I can tell you is what I'm doing for myself personally I don't have a gold Ira I liquidated I had a SEP IRA years ago I liquidated that and this is my retirement plan but I'm the one that holds it I'm the one that owns it and Silverman asks how much silver is needed for a couple to maintain a standard of living of 50,000 a year through 10 years when the currency collapses that's a great question and if I had my spreadsheet with the formulas in there I could tell you licky split but rather call us we can walk you through that because all the Strate specialist every single person at Zang Enterprise is being trained in the strategy by me and also by others that have been that I've trained that we've been working this strategy for a long time you don't have to do a strategy if you come into us but we're still going to set it up so that should you change your mind down the road we don't have to scramble with the data but all of the formulas are in there to tell you how much silver you need and how much barable gold you need to sustain your standard of living for 10 years I I can't tell you off the top of my head but if you call us we'll we'll we'll help you with that passive income asks can you confirm miners pull out 10 oz of silver for every 1 ounce of gold what is the ratio of platinum to Gold you know I don't know that answer but can you take a can you um like C Cy that for me I'll take a look and I'll let you know next week okay so I don't have any problem saying if I don't know system because I can always make a deposit and I think all of you guys are probably if you've tried to make a withdrawal lately you're finding that harder and harder and harder to do so there is a certain level of cash that you need that's outside of the system and then the next line of defense is your barable position and then you have your opportunity positioning and your legacy building so that's basically the order of it and and also by the way in terms of cash they have the central banks have discussed putting a chip in the cash so that when they go negative you cannot hold your principal because I mean really I've asked everybody nobody can answer this question for me but once we hit hit zero on the fed's purchasing power chart what does that mean right if they've removed all your purchasing power then what do they have to do they have to attack your principal and that experiment started in 2009 and it ended when they were forced to raise rates because of all of the inflation becoming obvious to the public what's that tell you right so yeah I I don't I I own a certain level that I don't care if I lose if it all goes to zero because it's just more recognized in the beginning but Lion Share of my portfolio and Raymond SS says hi Lynette do you think I would have a hard time depositing money in the bank when the time comes to convert from gold silver to other hard assets uh I don't unless they have demonetized this in which case they will give you a certain period of time but again going back to this this note is legal tender for all debts public and private so they actually cannot legally do that unless they have demonetized the currency but as you know if you haven't watched this yet on Thursday there's a video that I'm doing on what's going on in Australia where they are basically digitizing everything thing getting rid of cash getting rid of checks getting rid of everything though it's voluntary so when we and we've been on this path to get rid of of physical cash because even though it does not pay interest and it is a debt instrument it still holds in this form it holds your principal so any cash that you're going to pull out do it sooner than later so that it does not have that chip in there to attach it to the negative rates and then that's classified they classify that as cash in the wild and it will have more value and more purchasing power than the new currency that they'll put in place with the chip in it um let's see okay Richard Wizardry it took 20 years for the Japanese real estate market to recover from so do you think it might be many years for American Real Estate to boun bounce back from a crash the answer is yes and I don't think that Japanese real estate has fully recovered from their severely overvalued circumstance and and that's the whole thing it isn't well then is it going to go to even more highs no these income producing assets hard assets there's a whole strategy behind it and it's not about buying the real estate at the bottom and then having it go back up and selling it at the top it's about generating income and growth in its value but I want us to have a seat at the table in the new monetary system or we're just going to get more inflation of the same in which case you still need to have those hard assets to generate income for you that guess what you can't outlive I mean when I became a stock broker nobody ever talked about you outliving your assets but they now well you got enough assets to last till you're 83 well what happens if you live past 83 you still have to live so why not develop your own security and your own portfolio that generates income for you for the rest of your life and that you can pass down to those future Generations I mean I like to think that what I'm doing for my family is Ena them to dream and have those dreams come true and I'd like to think that I leave them enough that they have all of those choices but not so much that they do nothing with them right so that's my personal goal you'll have your own personal goals and then let that determine what you do and Chris Willis asks given your report today do you recommend increasing Metals over non-essential Renos oh Rena for owner occupier all right let me read this again I'm a little the the question is a little hazy so if I don't answer this properly Chris then I'll try again so do I recommend increasing Metals over non-essential Rena for owner occupier if you're living in the property and you are making that choice to have it be your last stand and well what's the Mantra Food Water Energy security barter ability which for me is this wealth preservation community and shelter you have to have a roof over your head so even if you need a place to make your last stand and you need to increase your security you know the way that I did it and and the Mantra developed because of I was doing for myself right but how do you eat an elephant one bite at a time so you step back and you say well where am I the most vulnerable right if you don't have any Metals then I'm telling you right now that's where you're most vulnerable so you need to make sure that the wealth that you've managed to the Fiat money wealth that you've managed to accumulate is properly Diversified but I can tell you that people make choices when they feel like you know they they don't have any other choice so I have and I'm I'm upping that security yet again and I've done this in layers when I first bought this property I felt really vulnerable in the back door I just felt like because this is an old house right and I just felt like somebody could walk up to it and boom kick it open and get in right that's where I felt most vulnerable so what did I do the first thing I did was I put a security door in and Adam you can take a picture of that security door it's the one in the back by the double doors right so now this past year what I did and I've done different layers of security there's lots of spiny nasty things out there so if somebody's trying to break in they're going to pay very dearly for that um and then this last year I put in security shutters so whatever openings are not um with a security gate I got my security shutters uh and actually I've I called in another expert you will probably meet him I have asked him if he would come on air and talk about this and and maybe even be our little liais on because he knows a lot more about this than I do right uh and so I had him here and going over everything so I don't know what we're going to do next but there are a couple areas to be honest with you that I feel vulnerable and I'm GNA plug those up and I've been working on this since 2010 right so you step back and you go where am I most vulnerable do you have food and food security do you have regular security do you have water I mean I put in ponds around here for my water security so that's the way I recommend that you do it um you definitely need Metals if you're not properly Diversified then that is really a key and it needs to be the foundation but you need all the rest of them and that's why local community has gone you know really right up there on my list because we don't have the luxury of time that I've had to create all of this and I'm probably more ready than pretty much anybody else that I know and I'm still not fully ready and Fallout funds asks why can't we just go back on the gold standard is it because too many dollars have been printed and how to pay our bills when the money collapses okay so these this is a two-parter let's take each part um we will it is it okay history shows us that when the public loses all confidence in the currency and those that are in power then yep they bring in a component of gold that's why you keep hearing me talk about Zimbabwe because Zimbabwe is attempting to re gain that confidence with gold now could they do it on a onetoone basis of course they could it doesn't matter how much gold there is what matters is how much it is in terms of this so if we were to do this on a one to1 ratio basis then yeah this being at 40 Grand would definitely cover all of these that are out there is that likely no and the reason why it's not likely is because in this system wealth is built on debt and leverage in this system it's easy to transfer that wealth and and when they created it they had two goals right government wanted to tax you without you knowing about it without having to go to Congress and there's your inflation tax and go and corporations wanted to pay you less but if you were used to getting 10 bucks you're not going to accept five however if they can make that five bucks spend like the 10 then that nominal confusion you go along with it and you don't say anything just like that uh piece that I did in that little table that I did showing you and maybe we can pull that out okay uh salary table okay where uh the average income in 1971 was something like 10,290 bucks and if in terms of gold that was something like 295 ounces or something like that today the average wage I think is somewhere around 63,000 so on the surface Nally you go well I'd much rather have 63,000 than 10,000 but one wage earner could support a family of four on that 10,000 bucks back in 1971 today well what did they stimulate anybody less than making less than $250,000 but if you were still paid in terms of the ounces of gold and never got a raise that worked out to something like $565,000 which would have kept pace with inflation and would have maintained that standard of living one a family of four at this point can live with one wage earner on 500,000 bucks a year so let's see let me let me let me come in here what he's asking with the how to pay your bills with the money collapses is like okay so you have all this gold and silver right money's now valued significantly less how are you converting it to pay your bills you're just simply liquidating it for the whatever whatever the current um monetary system is if we're at cbdcs which I hope not but if we're at cbdcs or if we're still with with this stuff you will simply liquidate this for whatever the current currency is and pay your bills some you might do direct right if I'm going to a Fruit Stand let me tell you when we're in hyperinflation they'd much rather have this than this because they get it then they cannot replace the goods but you just convert it you can 100% of the time because that goes back back to the fact that gold and silver are used in every single sector of the global economy that means that it has the broadest base of functionality this is used in one place these are used everywhere everywhere so it has the most F functionality and the broadest base of buyer that's why neither one of them have ever gone to zero because you have all of that demand now that's not saying inside of especially a hyperinflationary depression you know I mean historically if you look at uh physical gold and physical silver it's gone like this right in a normal economic cycle when it was a true supply and demand dynamics that we could see we don't see that anymore in Wall Street not anything is going to give you true price Discovery but you know that's the way you're going to pay your bills and the reason why we are not likely to go on a full gold standard is because then they can't leverage it but they will do it to get your confidence back like we're seeing with uh Zimbabwe and then they'll start to degrade it again over time but I want to see it at the table that's why we have to do Global last question okay and shiny shiny man asks if Government Can confiscate gold from your IRA then that means we have to gradually withdraw our gold then is that the correct course of action well if you have a gold Ira I don't think it's frankly a horrible idea for you to take a distribution typically there are a couple different ways that you can do that I mean I don't have a gold Ira I have gold for my retirement but I'm holding it that is my personal level of comfort having been a stock broker and a banker forever right forever I really understand and can speak the language and I don't like what they're saying I don't like what I'm seeing so if you have it you can determine how you take a distribution you can liquidate inside and I can't tell you what to do right but I'll tell you what your options are you can liquid liquidate inside of the IRA and they can send you the cash and you're going to be taxed on on that when they mail you that check or make that wired deposit or you can take distribution of the physical Metals if you're sitting with silver quite honestly I would probably do that even if you have maybe some Tenth ouncers right of of gold I probably do that right you can have them ship it to you the distribution will be classified as a distribution when they ship you the gold at whatever the current spot price is so you can determine how you're going to pay that taxable event but in the sound money strategy we show you how to recoup that and it's not rocket science none of this is rocket science it's just really understanding the language so can you talk one real quick thing about the um the paper markets you're talking about with the spot gold spot silver okay you're talking about that you're talking about the um the ability to like manipulate manipulate that can you explain that a little bit more how and why they're doing that sure well the the reason why they're doing it is really easy and that's to keep you away from the physical gold and silver markets because once you hold it you you own it and it's essentially invisible to them but um what was the first part of your question why they would manipulate it is how are they okay well because if it's not real if it's just paper they can create as much gold and silver as they want to there's no limitations whereas when you're working in the physical world I don't care if there's more gold in the Grand Canyon or silver or any of that there is still a finite amount of it it and we are going to a point where which gives me a lot of Hope the general public is now very uneasy about what they are experiencing and seeing so um did I answer that that was correct you did it right okay well that's it for today but tell your friends join us let's have let's see if we can't get 10 th 10,000 people at this next live event is that too many no that's not too many I bet you if we can m multiply it we can get there and until next we beat I know together we are so much stronger and I love doing these live videos and answering all of these questions and as you guys know you can ask me anything and I will answer it I mean it's kind of nice if you're nice but you don't even have to be that nice until next we me please be safe out there bye-bye for