HOW YOU CAN SURVIVE A TOTAL ECONOMIC COLLAPSE

Dave Hodges, host of the Common Sense show, interviews Colin Plume, CEO of Noble Gold. They discuss the potential of silver as an investment, with Plume sharing his personal experience of buying large amounts of silver during the pandemic. Plume also talks about his book, which explores the opportunities in silver and its industrial uses. The conversation also touches on the suppression of silver prices and the increasing demand for silver in industries like solar power.
The demand for silver is increasing, especially for industrial uses, and even the US government is buying more silver than gold. This trend suggests a promising future for silver prices. The article also discusses the best ways to buy silver, recommending smaller bars or rounds for easier handling and potential bartering. The author believes that the rise of silver will create new millionaires and billionaires, and encourages investing in silver as a debt-free asset.
Many American corporations have gone bankrupt due to a financial bubble called CLO debt. Private equity firms buy these companies, strip them of their value, and sell the debt to pension funds. This debt is now due and the companies can’t pay because interest rates have risen. This situation is similar to the 2008 financial crisis and is a major threat to the economy.
The article discusses the current economic situation, highlighting the issue of debt and the role of private equity. It suggests that corporations have been relying too much on cheap debt and that private equity, which used to bring creative ideas and outside money, is now tearing great companies apart. The article also mentions President Trump’s efforts to close tax loopholes for private equity and strengthen the dollar. It warns of a potential economic downturn, but also highlights the opportunities such a situation could present for investment.
The text discusses the potential economic downfall due to the current financial system, which favors big corporations and banks while leaving the average American at a disadvantage. It suggests that investing in precious metals like gold and silver could be a safe option as the dollar’s value is predicted to decrease. The text also mentions the possibility of businesses going bankrupt and being bought by larger corporations. Lastly, it emphasizes the importance of understanding the current economic situation and taking measures to protect oneself financially.
The speaker believes that buying local American-made products will become popular again, which will help reduce unemployment. They also mention that government jobs are decreasing, which could raise unemployment rates. The speaker encourages listeners to follow their actions and provides contact information for more details. They express a desire for prosperity and stability for all, especially in the upcoming midterms, and thanks the host for the discussion.

Hello America, Dave Hodges here, host of the Common Sense show. We are the show that is freeing America one in slave mind at a time. Thank you so much. Make sure you follow us, make sure that you share because we still have a lot of people. We got to wake up and we got to keep people engaged. We can’t expect Donald Trump to do it by himself. So please do that. Our guest is Colin Plume, the CEO of Noble Gold. And you go, oh, Dave, you’ve been with Noble Gold for years. Eight and a half to be exact.

I have been a customer for seven and a half and in fact, Colin, I were just talking about something else that I’m contemplating doing here very, very quickly. Either be this afternoon or tomorrow. And I’ll tell you, you can’t go wrong, folks. The dollar’s in big trouble and this is why Donald Trump is looking to do basket currencies to back up the dollar. And it’s coming. I don’t, I’ve, I’ve been given a date. I don’t know if it’s true. I was told a year from this July 4th. I don’t know if that’s true. But what I do know is true is Trump is moving in that direction and he needs to absolutely.

Colin, welcome to the show, my friend. Thank you so much for coming on. And I want to talk about silver because that’s where my intentions lie as a customer of Noble Gold. And you’ve written a book, in fact I see it there on your right hand side next to your plant. Silver is the new oil and is that ever true. Can we take, before we launch into some things I know we’re going to talk about, can we take just a minute and talk about the premise of your book and how it ties into why people should be looking at silver? Yeah, so I, I started the outline right at the beginning of the pandemic, I think when I was buying silver thousand ounce bars and I was competing with Comex, literally buying from the same Comex was competing with me because they need to, to back their purchases because silver was going crazy in 2020 and I was borrowing money because, you know, I had to buy, I tried to buy every ounce of silver available because silver, I don’t know if you remember exactly, but silver got down to like $13 during 2020 and it was impossible to buy.

And so I bought everything. I pulled money out of my house, I borrowed against my, some of my stocks, I did everything, I did everything I could do to buy physical silver and I bought just in a ridiculous amount. And I remember at one point the guy I was buying all these bars from. Now, thousand ounce. Bars are never a thousand ounce. They’re like, they say they’re called thousand ounce, but they’re never right because it’s so heavy. I mean, we’re talking about 70, 80 pounds. They’re either 950 ounces to 120 ounces and they’re all going to be a little different.

And I remember, you know, buying these from multiple places, wholesalers all over different places. And the guy’s telling me, he goes, I’m talking to you and I’m talking to the big institution that’s who’s buying right now. And I bought everything I could. And then as I’m going through all this, I’m thinking to myself, like, I gotta write a story about this. Cause a, like people think their contracts are backed by silver. And I could and they weren’t because there wasn’t enough. Based on the amount of contracts being purchased, there wasn’t enough. And I knew that because I was competing and buying the same silver they were.

So I knew there was a story there. And obviously that story actually really came out in the last month or two with the lbma. I mean, it really proved the fact that there wasn’t gold, right? There was supposed to be gold in the lbma. They didn’t have it. But I started to write the outline for the book then. And then what I really wanted to talk about, the two big themes of the book are the opportunity in silver and all the industrial uses. And I go into detail, but, but then the opportunity is like, there’s these opportunities in your life, these super cycle, these rare opportunities where you can find something that can take you out of the doldrums of what the government tried to do to people during the pandemic was beat you down to submission and give you free money.

And I just remember talking to people, they were like, oh, I’m getting $1,000, you know, a week. Or you know, I’m getting a thousand, yeah, a thousand dollars a week to do nothing and this and that. And I’m thinking myself like, this is not, this is not helping you. This is. And, and so with my opportunity in silver, what I saw happening behind the scenes and then this mentality that they were trying to force upon people, I realized that there was an opportunity. And I talk about both. And my book’s not just about silver, it’s about finding these opportunities in life.

And, and, and it could be, you know, like you, you found, you know, your voice and you’re out there and you created this, this business for you and your family. And there’s always an opportunity that’s outside of the traditional way of doing things that presents an opportunity. And it did for me in many different ways in the precious metals industry, in other industries that I own. And it was, it was really just the idea of like not thinking the same way. And that’s really what I get into in the book is yeah, there is silver. Here’s all the uses, this is what I like about it.

But also try to think of things in a different way and there, there will be a super opportunity in your life that you can take advantage of if you’re open to that, that mindset. And that’s, that’s the premise behind the book. I, I, I totally agree with what you’re saying. In fact, that leads us into a talking point here. And I’m going to say it this way. I am confident in what I’ve been told in multiple sources. JP Morgan is the leader in suppressing the price of silver and keeping it down so they can gather it up.

And I’m looking here at one of our talking points here and it talks about silver inflation adjusted price. And comparing to what happened with silver rise in 1980 and 2011, we’re not even close to those levels in terms of rise, which would indicate, given the technological demand for silver, that the, the price is being suppressed. How long do you think the price can be suppressed? I don’t think it can happen much longer because of the demand. Well, we hit a pretty critical point at the price level it’s at right now. It’s, it’s an, at an 88 to 1 ratio, gold to silver.

The historical norm for gold to Silver is about 53 to 1. If you go back the last hundred years, it’s even been 16 to 1. 2011 it was 30 to 1. But let’s just say it goes back to 53 to 1 ratio, gold to silver. That would mean that silver, if gold doesn’t move at $1, silver sitting at $58, 59 today. So I think that there’s only so long you can keep it. And listen, they kept the inflationary numbers low to the public for the last 30 years where they kept telling everybody it was 2%. And then what happened was two years ago, two and a half years ago, is that people, every item was going up at such a rapid rate that guess what? Now inflation’s at 9%.

Well, it wasn’t the first time inflation was at 9% over the last 30 years. It’s always been much higher than what’s been reported. I think, you know, silver is a unique metal in that it’s been currency, it was currency and we use it until the early 70s. It’s a part of this solar revolution that’s happening. And solar is not going anywhere. And the demand for solar alone, I mean, you’re talking about 17, 18% of the silver that’s pulled out of the ground every day is used for solar. And they expect that growth to continue and go up 30, 40% over the next 10 or 15 years.

I think it’s just all these industrial uses and if we continue to see that happening, then the price has to go up. There’s just no way to look at it. What I think is going to go down, Dave, is if you look at a pie chart of the usage of silver, about 41% is industrial, 17% is, is jewelry, and then about 16% is coins and bars. I think the coins and bars are going to shrink over the next 10 years because it’s so expensive to pull silver out of the ground. I think that the industrial use is going to pick up.

So I think when you look at the pie chart uses is I think jewelry will go up and I think that industrial uses will go up, but I think the coins and bars will go down. And you’re even seeing some of the major mints saying that, that they’re going to slow down production because if the demand for silver is going to industrial uses and they’re willing to pay more, then they’re not going to send it to a mint. They’re going to send it to a factory that needs it in whatever industry they’re going to need it for.

Then you have the US government too. The US government last year bought $430 million in silver and they only bought $120 million in gold. So it was a 4 to 1 ratio, silver to gold. So you’re seeing that trend with our just our government buying that much silver for industry, for the government, for military, for all the different uses. So I think if you add all those things in, it presents a pretty interesting story for, for the price of silver. So for someone like me, that’s a purchase is imminent here in the next 24 hours. What we had talked about before he came on the air, not silver coins, but more like the rounds or the bullion, right? Yeah, yeah, I would do.

You know, every day it changes a little bit. But what we try to do, whenever you call that day is see what gets you the best possible, you know, dollar for dollar and it could be 1 ounce silver rounds or 1 ounce silver bars or it could be 10 ounce or 100 ounce or maybe a little bit bigger. You know, that’s really the way to go. I don’t, you know, we don’t sell a lot of those thousand ounce bars because you know they’re, they’re hard to ship and it’s hard to move a 70 pound bar if you get it delivered to your doorstep.

So you want to be bit smaller than that. We typically do those big thousand ounce bars. If somebody wants delivery and they just want the lowest possible price. You can really kind of get some great prices on that. But even kilos or 100 ounce silver bars, those are really desirable right now. Really great pricing. Some of the lowest pricing relative to silver I’ve seen. And, and since I’ve, since I’ve been in the business for 16 years, I think relatively speaking the prices are the lowest relative to the spot price. Equal gold and silver. I, I, I agree with, and I’ve read that too.

But you’re saying that if you order the best deal you can get on the bullion to move those boxes. 70, 80 pounds, that’s a moderate deadlift for me. But I understand I’ve got, I’ve got people in my audience who are elderly and, and they’re not as physically adept as they once were. I get that’s a consideration. Yeah, it’s a good, if you’re looking to do some weight training, maybe you put the 80 pound, you know. But no, I mean we’re talking about the difference between a thousand ounce bar and like a kilo or 100 ounce silver bar.

Negligible in terms of percentage savings there. And obviously for, for bartering and trading, you know, maybe I would say getting some rounds, some lower price stuff too because I, I think we’re, we’re going to come up to a point here where people are going to want silver. You’re going to be able to have some buying power with silver. If you want to trade or barter. I have a client that has a mechanic that has been taking silver from him for years and years and every time he goes in he just how many ounces of silver they do a deal that way and that’s how they’ve been conducting business for a long time.

Well, one of my takeaways from your book is Millionaires and Billionaires are going to be created with the rise of silver. Yeah. Which hence the title of the book Silver Is the new oil, by the way, people can get that at Amazon, can’t they? Amazon or if they contact us, we can get you a code to buy the book through Amazon. Silver is the new oil.com also as a website. But if you just call in and you talk to somebody here, they can kind of walk you through because there’s some other stuff that comes accompanies with the book that you know, we want to make sure that they get.

So yeah, I think that’s absolutely fantastic. But I’m just looking at the inflation, inflation rates here and comparative to silver, it is a great buy. And I know I asked that loaded question before we came on the air, silver or gold? And you really hesitated and that was my reason for asking the question, Colin. Because they’re both really good to get into right now. Absolutely. Oh yeah, yeah. And gold, listen, gold is very stable. Gold is, is the preferred metal of, of central banks. So it’s, you know, it’s exciting. And I will say the thing about gold, the thing, the one reason I paused when you said that is if they do this audit of Fort Knox, the, the potential is so high that something is amiss and I think that that could really push the price of gold very quickly.

If we don’t have the amount of ounces or something’s not right or let’s be honest, if they don’t do that audit in the soon, what, what message are we sending to the people that, that we don’t, we don’t know if there’s any gold there. Right. I mean that’s so I, I think that’s the one thing I always hesitate right now is that when people ask me, obviously I love silver. My wife and I, we just bought some silver for ourselves and, and you know, at some point it’s, you know, the big problem with silver is like where you store all the silver.

But I, I think that, yeah, and to go into silver, part of the reason actually Sharon, my wife, loves silver and she was, we were looking at, just talking about all the industrial uses and everything happening and the photovoltaic applications has nearly tripled over the last four years. It’s 143 million ounces. And it’s going to keep going up with this, you know, clean energy and solar and everything happening. So I think a lot of times what people don’t realize when they’re married and this is that your spouse, they may have different reasons for getting into an investment.

And the one thing that Sharon and I have always done is we make all of these decisions together. And sometimes she’s more aggressive into precious metals than I am, and sometimes vice versa. But ultimately, every time we’ve done it, we’ve been happy about it. We’ve, We’ve. We’ve felt good about it. And, you know, the interesting thing about, like, when you look at, like, what you own is like, when you look at all of your assets, and then you. You factor in debt, but then you have this whole column with no debt behind it. And that’s the really exciting thing, I think, for us and also for our kids is that we’re building this really, this hoard of gold and silver that has no debt.

So whatever happens with all the other stuff, the equities, the real whatever’s happening, all that debt stuff that you have, you got this one portion that continues to just go up, and there’s nothing. There’s no debt behind it. So whatever happens down the road, they’re going to have access to that. And for my three kids, you know, they love it. You know, we go through once a month, I show them what I’ve designated for them already. My oldest son always says that he thinks he should have more gold and silver because he’s the oldest, which is quite funny to me.

And I tell him it’s all, we’re splitting this pie up three ways. You’re getting it all in different ways. So. But that’s the one thing is, like, you got to think about when you’re investing. You got to have some. Some instruments that don’t have debt. Because the thing is, Dave, what’s happening right now, I don’t know if you saw this, this CLO bubble, this, this viral video that went out there about the CLO bubble that’s happening, the collateralized loan obligation bubble that’s happening. They, they. This woman did this video, went crazy on Ax. But basically, she breaks down that there’s $3.8 trillion in CLO debt that’s out there.

That’s correct. And this is why Joanne’s went out of business. This is why Red Lobster went out of business. This is why a lot of big corporations have gone out of business. And basically what happens is, to kind of simplify it, is that private equity goes in, and they’ve gone in over the last five to seven years. They go into a company like Joanne’s. That’s a good business, strong business. I don’t know if you saw what happened. They filed for bankruptcy, but 97% of their stores are profitable. The reason they filed for bankruptcy is because private equity Went in there, put this debt, CLO debt, which is, this debt is not fixed rate, it’s variable rate debt.

So they went in and they had this cheap debt at like 0% or half a percent. Pulled a bunch of money out of Joanne’s. They did it in Red Lobster. They’ve done it. They’ve actually, there’s, there’s charts out there. There’s about 100 corporations over the last year that have gone out of business because of the CLO debt. And basically what they’ve done is they’ve stripped these companies out, these good American companies, and they’ve pulled all the money and all the good parts out and now this debt’s coming due. So it was at 0%, half a percent or 1% because it was interest only debt.

Now it’s coming due because it was variable rate debt and they can’t make the payments because now the debt’s at five and a half or six or seven percent, whatever the bank is offering to them today. So you’re seeing these major corporations that have been stripped by private equity and this is the next big bubble. And if you see this woman’s expos, she talks about it. The CDO bubble in 2008, 2009 was 1.6 trillion. The CLO bubble, Dave, is $3.8 trillion. Right. I think this is what Trump is talking about replacing though. Correct. He said businesses coming back into the country because of the leverages he’s putting out there, like with tariffs, is going to total close to $4 trillion.

And I think he’s seeing that as a replacement for what you’re talking about. Yeah, one. And also what he wants to do, there’s, there’s a lot of tax advantages for private equity and he’s trying to get rid of those. Because what private equity is doing is it’s stripping, you know, great American businesses of, of their value. And they’re basically because, you know, private equity gets all these significant tax advantages over a 10 year period and they’re able to layer in a number of things. And so if you look at the list of these corporations that have gone out of business like joann’s and Red Lobster and all these, and you’re like, how does this, this, these guys have been around for like, what happened? Are they not profitable? They’re not running well? Well, Joanne’s 97 of their stores are profitable and they file for bankruptcy.

Like, how does that make sense? And really what it comes down to is that you have this private equity where they just go in a Little Gordon Gekko style. They go in, they strip things apart and they put this cheap money on it so they can pull a lot of the, the good parts of the business out. And you’re seeing it happen. And then the trail of this, Dave, the scary part about it is that the clo, this debt that the private equity is putting on these properties, they’re not keeping it. They’re going ahead and selling that debt to big pensions here in the U.S.

so the truckers, unions and all of these unions are buying this CLO debt. So what’s going to happen is exactly what happened in 2008 where like the home buyer got screwed and the government came in and bailed out the banks. And, you know, the banks basically got all these houses at no money down. Well, now what’s happening with the CLO bubble is you’re having average American working at joann’s losing their job. Right? Then let’s say their husband is a trucker and has a pension. Well, his pension actually owns part of Joanne’s too. Owns the debt. So the American middle class that still has a pension and still has these are losing jobs and then they’re just packaging this BS over into the pension fund.

So these pension funds have bought trillions of dollars of this really bad debt. And so this is the next bubble that’s going to hit. It’s the CLO bubble. Quite, quite scary situation. I gotta go back though, because I want to clear something up for the audience sake. Mine too, really. Okay, so you got Joanne’s and these other major corporations are going out of business with their association with clo. Are they buying into this debt as an investment? Are they borrowing from it? What’s the deal? Yeah, so what private equity does is they’ll go to a company like Joanne’s, they’ll go to the top brass at Joanne to go, we’re gonna come in, buy you guys out, and we’re gonna pay you for your business, but we’ll pay you based on a multiple over the next seven years.

So we’ll do like 7x what you’re making today and this and the top rascal is great, sounds good. And they go in and they buy Joann’s and. But what they do with joanne’s is the only way that they can pay this heavy multiple is they’re going to have to get a better return than what Joanne. Joanne’s was already getting a pretty good return. That’s why they bought it. So what they do is they, they go ahead and change the debt that Joanne’s has, because Joanne’s had some debt, but it was, it was fixed rate debt. So they went from debt that was at three or three and a half or four percent, they refinanced that debt with interest only debt at zero or half percent.

This what they did over the last four or five years. So they put the zero percent money on it, they refinance and they pull the money out. So they go, okay, Joanne’s is worth $50 million. We’re going to pull out 30 million, right? We’re going to pull it out and give it to the, the private equity investors. They give it to the owners of the business, they pull out all that money and they’re now they’re running this business on this cheap debt. But this cheap debt, the arrogance is that they think they’re just going to be able to refinance every three, five years with 0% and 0% and 0%.

Well, what happens now? The 0%’s gone, right? So that loan comes due that was 0% and now it’s at 5 or 6%. And now Joanne’s is in trouble because they don’t have the money, right? They pulled all the money out and they’re been living on this, this debt. That’s unbelievable debt. The, the other part that’s crazy is that they’ve sold this debt to these pensions. So now pensions think they’re buying all this great CLO debt with Joanne’s and Red Lobster and all these, oh, these American institutions are buying great, the Container Store. I mean, there’s a list, you can look it up.

There’s 100 big corporations in the last year that private equity is stripped, put this debt on and now have sold this bag of junk, these bad loans, they’ve sold them to, to, to pensions. And so now you run into a situation where you’ve stripped the American people of a good business, you strip them of their job, and now you sold this loan, this bad loan to an American who has a pension that’s going to be living on this pension. Now the pension is going to have to figure out what to do with all these bad debts.

And basically private equity has been doing this consistently for the last 10 years. But now they got caught holding the bag because rates are higher, right? And so if 0% was still around, they never would have been caught. They would have just kept refinancing, refinancing. But when you have rates 3, 4, 500 basis points higher, there’s nothing to do. They can’t cover the obligation. Bam. Joanne’s is out of business. Is BlackRock part of this or State street or Vanguard? This is, I mean, this is mostly private equity money. BlackRock has some institutions that do do this, but what you’re going to find is that BlackRock is going to go in and buy Joann’s now that they’re bankrupt.

That’s what they’re going to do. Oh, yeah, right. So they’ll buy the name. It’s good name, it’s good business. 97% of the stores are profitable. So it’s a fire. Everybody gets stripped like the American people get stripped of that good job, that solid business for the quick buck. That was only allowed to happen because private equity came in. They did this unbelievable pro forma and basically stripped all the good parts out of the business and then sold this bag of junk, this debt, to this other entity, this pension. And the pension doesn’t know what they have.

This is a massive bubble day. This is the next big thing to happen. I’m lucky I saw this video. I’ve heard rumblings of this happening. But when you see these companies go out of business, you must think, oh, management’s not good. Or maybe people aren’t buying the product. But then when you dive in, you go, 97 of the stores of Joann’s are profitable. Like, well, how do they go out of business if they’re profitable? How does it make sense? And, and this is what’s really, you know, happening out there. It’s all to pay the return note to senior management.

They’ve got to basically borrow the money to do it. Correct. Okay. So, and so it becomes like an adjustable rate mortgage for homeowners. Correct. Traps them and they bought a house, it. Correct. And now it’s 8% to make the monthly payment. That’s effectively what’s happened. Right. And that’s what happened in 2008 too. Right. It’s the same idea because a lot of people didn’t get fixed rate mortgages, right. They did these adjustable rate mortgages and then they sold them off to different institutions. So this is the next step. So, you know, listen, this is all debt driven.

This is all the big problem with our economy. This is all what, you know, President Trump got laid in his lap and musk is, is this massive debt. And so I think what you’re looking at today is you see all these, this smart money that, that these corporations that are just really just been living on cheap debt. And now we have to retrain how we do businesses, we retrain how we do things in this country. And I think we need to get away from private equity. I think we need to really just focus on good corporations.

You don’t really need private equity the way you used to 30, 40 years ago. When private equity came out, they came with creative ideas, they restructured things, they did things in a unique way. They brought outside money in. You really don’t need it today. What’s happening now is those institutions are stripping great companies apart. President Trump is trying to close some of the tax loopholes that private equity gets that’ll make it very difficult for them to survive. We’ll see if he can get that passed through Congress. Obviously, there’s a lot that has to happen there, but these are things that people should be looking out for.

Have the CLO debt and then it’s like the global financial debt. Right? I mean, we’re all built on this, you know, debt to GDP ratio. What are we at in this country? 130%? Something like that? Yeah, it’s like 130 to 1. Yeah, yeah. So these are all the things. So I think it’s safe to say, Dave, that, you know, people that understand sound money realize that there is times that you can use that there’s ways to use it. But then, you know, you look at guys like, you know, Dave Ramsey and some of these guys that say no debt.

And when you see all these things happen, corporations going out, it kind of makes sense. Like maybe you need a balance of a little bit of both, where you need some debt, but then you also need some assets that are, that are debt free and, and that are not owned by anybody else. And that’s, you know, that’s the beauty behind gold, silver. You own it by yourself, it’s yours. There’s no middleman. And, and, you know, I think that’s why a lot of people are gravitating towards this investment right now. This is the former teacher in me that wants to sum this up.

But what I’m seeing is, and it’s hard not to see intentionality here, because they know the people doing the private equity groups know what they’re doing. They know what the old is going to be. They know what’s going to happen to people’s pensions. I mean, this is inexcusable and it’s deliberate, and they’re profiting from participating in the demise of the United States economic system. And then let me flip over to Trump for a second. Okay. As we just said, he says he’s bringing in $4 trillion of new business to the American economy. He sees that as an offset, but it’s not an offset to the pension situation.

Right. That’s very serious. So he needs to come up with an answer for that. And now I see why everyone’s thinking he’s got to go to basket currencies to save the dollar. Because if you raise the level of the dollar, that debt is not as big. Right, right, yeah, no, you got, how am I doing on the summary there? Yeah, no, absolutely. You got to strengthen the dollar. You got to make our, you know, it’s been a sliding scale. Right. You know, part of the reason that central banks have been buying so much gold is because they’ve been selling their treasury bond, their U S Treasuries.

Right. That’s a big part of it, is that one of the assets they would hold would be U.S. treasuries. And they’ve been selling and selling. He wants to make it that our debt is desirable again, that, that countries will say they want to have our debt again, they feel more comfortable, they want to use our currency more. We’ve created this slide down where the whole world has been saying you guys are out of control spenders, you’re bloated, your debt to GDP ratio doesn’t make sense. Why would I keep your debt? Why would I want to hold onto that debt? So what he’s attempting to do is to make our currency strong.

That’s why he’s come out in such a bold way to do a lot of these things. And it’s a high growth strategy. And, and you know, I think it will work over time. But you know, you have to, you’re going to have some pain in the short term to fix a lot of the things that he’s had to get. I mean, he inherited a Biden recession, let’s be honest. I mean, there’s no way to look at it from, from the Inflation Reduction act, which is a joke, to you know, paying off college kids tuition to, you know, all the government jobs that he continued to keep on the books.

I mean, never making any significant cuts to the government. Now we’re coming in and saying, okay, this is unsustainable, 1.4 trillion in interest. What are we going to do? But he inherited all this from the past administration. I mean that’s, he’s only been in office what, for 100 days? So he’s, you know, he’s unfortunately going to have to unwind a pretty bad situation. And it’s not unlike any new CEO coming into a corporation. He’s going to have to fix the mess that he, that he inherited. Yeah, I, I totally hear what you’re saying. I’m just wondering how bad it’s going to get.

I have a solution in my mind. I’m going to offer here in a second, but I wonder if we’re going to reach 1929 levels and how long it’ll last. People I talk to economically, six months and more like 2008 and not 1929. What do you think? Yeah, I mean, I think, listen, 1929 was, was, I think, a unique time in history in that we, we didn’t have the potential that we have today. We have unbelievable potential in this country. We have unbelievable demand for people. I mean, that gold card that he offered the man is through the roof.

If this was 1929, no one’s going to pay $5 million to move here. So I think that the fact that people are willing to spend that money to move here and they want that idea that they can become in this country, it shows that we’re not in a depressionary area now. I do think that people are going to have to adjust the way that they think and they have to look for, you need these big opportunities of these bottoming out to, to put, to build the wealth. And so whatever you think is your best potential, besides what you’re going to do with your investments, there has to be other ways that you’re going to create some wealth.

Whether it’s, you know, a side gig or building an extra job or whatever it is, or doing some stuff on the side. You have to have some money now to invest because the opportunities are going to be fantastic. What happens when you go through a recession right now or you have consumer sentiment right now is that people get tight. That’s the worst. The time now to get your money to work is right now. That’s the thing is you really, you have to go sort of opposite. And if you look back at all these time periods, you look at 2008 and you look at 2001, and if you look at 1994 and you look at 1987, everybody that dumped money in on investments that they believed in, they went up 10, 20, 30, 40 times, right? So if you don’t have the money, you need to find it.

And if you have some money, you need to think about what you want to do. But the, the worst thing you can do is get tight in, in a situation like this because these are the opportunity periods. Well, this is going to take down banks. Oh, yeah, yeah. And this is, and I don’t mean two banks that have already failed. I mean, and whether 66 on the watch list. A couple people I talked to say it should be closer to about 1600 on the watch list and growing. And you’re right. I mean, you’re nailing it. Why I’m calling Noble Gold.

I’ll just say the number 877-64-65347. And the reason I am, people is because you need to sit out the hurricane that’s coming economically, and you need to be able to be somewhere else other than the crash. And the crash is going to hit your bank. And, and, and I know I’m a broken record, Colin, but doggone it if I’m not right. The Dodd Frank Law 2010 says they can tie your money up forever in the bank. Okay? And that means retirement associated with it. They can take it because you’re in second place now because of Dodd Frank.

And people just don’t understand that. Look the law up Dodd Frank 2010. Anything you have in the bank could be gone. Right. I think what’s more likely is we’ll probably get a percentage of what we had in the bank. I mean, what do you think? Well, and also, the Dodd Frank was supposed to protect us against these kind of collateralized loans that are out there. That’s another part of that Dodd Frank is that we’re supposed to have fair lending and we’re supposed to have regulatory bodies watching these loans. And like I said earlier, I mean, these pensions got sold, these collateralized loan obligations, these silos, and they’re going to start uncovering that these businesses don’t have the underlying resources to continue to pay the debt.

And so the Dodd Frank was supposed to protect people from that. But that’s the thing, is that if you see it on every level, from 2008 collapse, the CDO collapse and to today, you can see that the big corporations are the only ones that survive every scenario. In 2008, basically everyone that owned these homes lost them. They went to the banks, the government bailed out the banks. The banks held these assets, which were good assets, and then they waited a few years and they sold them and they made a massive fortune. I mean, they, the amount, can you imagine today if the banks, if someone came to you and go, hey, we’ll give you the money, you could buy every house on your block and we’ll give you a loan for the next 10 years at below market.

And you don’t have to sell them. You don’t have to do anything. Just hold these for us. Can you Imagine what the amount of wealth you would have if you had that deal. Right? And that’s what the bank’s got now. They’re getting the same deal, right. Private equity made out like a bandit. The pensions are going to lose all their money. Everyone that worked at Joanne’s is going to go out of business and then BlackRock’s going to come in and buy the name Joanne’s. It’s going to happen. I guarantee it’ll happen in the next 60 days.

Maybe fat, maybe they’ve already bought it. We don’t even know about it. And, and they’re going to recoup it and they’ll build that business back up. They’ve already stripped out stuff that they don’t need. And, and so this is what ends up happening. But at the end of the day, all of these instruments, the way that they’re setting them up, they are pulling money and wealth away from us. And that’s the beauty behind what we do, is you take a little bit of the chips off the table out of the bank and get it back with you.

And I think that’s the beauty behind precious metals in today’s environment, where everything is built on leverage and debt. That doesn’t help the average American. No. It helps the government keep spending and the banks that collateralize it. I mean, that’s who it’s. You’re right. It kills the individual and, and people just don’t get it. The dollar is not going to hold its value until it’s backed by a basket of currencies. And there’s going to be heck to pay as you move into this arena. I mean, some people say six months, some people say two years. I don’t know, Colin, the amount of time.

I just know this. You can’t buy too much gold and silver today because your dollar is soon going to be worthless. Yeah, absolutely. Unfortunately. Yeah, but he, he will fix it. Trump will fix it. He knows what he’s doing. He’ll, he’ll fix it eventually. It just won’t happen right away, unfortunately. It never, you can’t. You know, this is like a ocean liner, right? I mean, you can’t fix the trajectory quickly. So he’s doing the right things. It’ll eventually get fixed. But I, I think that for people that are looking to protect themselves in the short term, I, I think you’re going to do well metals, and I think that this is going to be a fascinating and unbelievable year in terms of what’s happening out there.

And, and I, and I hope that you Know, part of me hopes that everything I’m saying is wrong. Right. Part of me hopes that this happens. It’s not. And. And everything’s fine and we fix ourselves. But I think being measured and understanding the facts and looking at the numbers, these are very likely scenarios for us. No, you’re right. And I want to ask a departing question here. So people say, okay, Dave, I get it. The dollar is in trouble, and I can see what Trump’s doing, and I see the problem. Okay, so I buy all this gold and silver.

How do I liquefy it so I can use it to live? What? Yeah. Be to that. Yeah, I mean, we buy back everything that you bought from us at any time. We. We can get the funds back to you within a day or two. We have clients that are retiring that need the funds. Buyback is a big part of why people choose us. Because. Because we focus on bullion, coins, and bars. We will give you an amazing buyback. But listen, if you moved anywhere in the world and you took what you bought from us, they will buy these products anywhere, anywhere in the world, they will buy these products.

I can promise you that. I’ve been all over the world. I’ve taken gold and silver all over the world. They want it. They’re interested in it. There’s no place that you can’t liquidate your metals. Unlike the dollar, the dollar’s not wanted or needed everywhere in the world. So it’s a universal language that people understand that gold and silver are desired and wanted. Some places they want it more than anything else. I mean, India and China are a good ex. They’re fascinated. They continue and they tell their people to buy gold. And people in India, poor, poor families pool money together to buy 2, 3 grams of gold or 1 gram of gold.

That’s how important it is. And 1 gram of gold is basically the size of my fingernail. So it’s important anywhere in the world. And they can liquidate anywhere. And we’re happy to liquidate for anyone that needs the funds, and it’s a big part of what we do. I got to ask a question for my own curiosity. You mentioned Japan, and the Japanese basically moved away from world reserve currency status with the dollar, and it’s sending shockwaves to the stock market and so forth. And Japan knows what’s coming with our dollar, don’t they? Oh, yeah, yeah. I mean, they’ve had a very interesting economy themselves where they had, you know, historically pretty low inflation and starting to pick up here.

And, you know, very similar to Us, I mean, they’re a big consumer. Right. They buy a lot of goods and they’re seeing the repercussions of that. The repercussions of our 1980s strategy of buying everything overseas because it’s cheaper is now it’s starting to unfold that it worked for, and it made a lot of wealth for a significant amount of time. But to build a strong middle class, it’s not the best strategy. No, I, I hear exactly what you’re saying. Well, we’ve covered a lot of territory today. And, and what I hope that none of you do out there is that you panic.

Look at it like a physics problem. Right. Nothing ever dies. It just changes energy form. Correct. And the dollar is not going to die. It’ll come back. It’ll be like a little zombie. It’ll come back, it’ll be stronger than ever. But right now it’s going to change energy for value into gold and silver and, and that, that’s where you need to be, people, I’m telling you, this is what I concluded about a week ago. And then when that X article in Video came out, Colin, I just said, man, my instincts are right on the money. I got to get out as much of the dollars I own as possible.

Yeah. When I have a deal come in. I’ve said this on my show. Let’s say I close a deal somewhere, I’m taking 80, 90% of it and I’m not going to the bank with it. Yeah. You know, and that’s just, that’s just what people need to do. And I need to leave enough though, so I can still operate in society. Sure. But it’s, it’s, it’s, it’s going to be, I mean, do you think we’ll see unemployment rates of 20% or want to go that high? I think we’re gonna hit, I think we’re hit like high fours this year because it takes a few quarters.

But I mean, with all these government jobs that we’re looking at, I think it’s definitely the numbers that I could see pretty easily. If you factor in all the government jobs and if, if they can get other employment in different places, I think a lot of those people may just circumvent and just try to start a business, which may be better for them. That may end up in the end being better. I wouldn’t be surprised. In the next year or two we could see high five, 6%. Okay, so nothing like 1929. Okay. No, I don’t, I don’t, I don’t think, I think there’s enough with enough of the manufacturing coming back and, and, and I think that, that everything takes a minute.

But I think that the idea that some of these goods we’re buying overseas are going to be much more expensive whereas someone locally is going to, they’re going to figure it out and go, I can make this here and someone’s going to buy it and we’re going to go back to buying American is going to be cool again. And I think that’s really important. And I think as more of that happens, people will say, okay, I want to buy American made products and that will increase and that’ll help our unemployment numbers. But yeah, I mean just government jobs alone will probably get unemployment into the high fours this year because a lot of those jobs are going to the wayside.

That’s true. I, I just want to say this before we close. Okay. Do what I’m doing. Right. 877-646-5347 if you want more info you can go to davehodgesgold.com Put your email in and I’ll send you electronic for now. But you’re not going to get any more detail than what you got today. This was pretty detailed and I’m warning you, if you don’t make the move, you’re going to be crying in your milk. That’s if you can afford to buy it. 877-646-5347 that’s where you need to go. It’s what I’m doing. And, and listen, I want all of you to be prosperous because we need to be standing on our feet in solid ground when the midterms come around and we got to get out there and we got to make sure Donald Trump has control of the House and Senate.

At least MAGA does. Hey Colin, really interesting stuff and thank you for breaking this down into understandable terms for everybody and look forward to having you back on again in the future. Thanks, Dave. Talk to you soon. Have a good day. You too.
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