Ep 226: The Hidden Truth: About Money, Inflation & Power

Have you ever had a money or career question you really wanted to ask, but didn't know who to go to, or just felt uncomfortable even bringing it up. You're not alone. Talking about money can feel intimidating, even scary, and that's exactly what I'm trying to change. That's why I created a free virtual coffee chat, a casual, no pressure, twenty minute conversation where you can bring one thing you're wrestling with and we'll talk it through.

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I'm Michelle Perkins, your host. My search for more fulfilling work led me to career in business coaching, where I stumbled upon a game changing discovery. Money issues often start with our mindset and habits. You see, our relationship with money is the key to overcoming those frustrating financial obstacles.

As an entrepreneur, coach, and problem solver, I'm passionate about helping you create a great relationship with money, because turns out that's the foundation for a limit free life. Each week on Money in You, I speak with amazing guests about all things money, mindset, practical tips, and everything in between. We're here to give you new insights. Education, and empowerment, so money can be one of your favorite relationships.

So join us for some lively conversations and let's transform your financial life together. Hello, Hello, and welcome to this episode of The Money and You Show. I'm Michelle Perkins, your host, and I'm super excited to bring you another fabulous show with another fabulous guest. I've been so fortunate to have such wonderful guests join me, and today we have someone who's going to talk about some brilliant interesting things.

Really, I know some of what the guests today, David Morgan is going to talk about are things that you haven't heard. Things about the financial industry that maybe have eluded you because people don't talk about them very much, or we just aren't aren't informed. So he is a veteran strategist and he is going to reveal how global monetary policy and economic systems impact your freedom, the markets, and the future of wealth. So I'm going to give you a brief bio of David, and then we're going to jump into really interesting conversation.

I think you're going to love this conversation, so stick around. What happens when your money becomes a means for control. Today's guest, David Morgan, is spent over four decades warning that the greatest risk to your wealth and to your freedom is the failing financial system. He's the author of the Silver Manifesto, publisher of the Morgan Report, and now creator of the upcoming documentary Silver Sunrise.

With insight grounded in monetary history and hard won market experience, David's here to unpack money markets, mining and what it truly means to opt out of the matrix. Well, you got me there, I want to know what that means. So anyway, David, welcome and let's go. Well, Michelle, thank you very much for having me.

And one minor correction there, the film Silver Sunrise has been released. It was at leased at the end of last year and it's available for free at the Urlsilversunrise dot tv. So thank you for the introduction and the invitation. I'll just start off the big picture of where we really are.

And as you alluded to, this is a different take than you might hear from the mainstream. We're not in a normal economic cycle. We are in the late late stages of a monetary experiment. Global global debt levels are beyond historic precedent, and the system requires constant liquidity just to function, and liquidity just meetings.

We've got to keep printing money. As the late great Richard Russell said, and I don't expect you want to know who he is, but he's the most famous financial newsletter writers, which is what I am, or long deceased, but he had the expression inflat or die, markets are being driven or by policy than fundamentals. I want to pause there. If you go back, you know, twenty five thirty years, if you saw a big number on the Dow Jones of this S and P five hundred, it was a pretty good indicator whether the economy was doing well or not so well.

Today it's more of a casino marker. It's how much money is flooded into bets on different companies. Not saying that some of these companies don't make a profit, profit are very viable or important to our our overall well being. I'm not saying that.

What I'm saying is that they aren't priced in an economy where you can determine whether or not it's an indicator of how well the over all economic picture is. A large number of the stock market normally would tell you, hey, everybody's doing pretty well today. It means the top ten percent or the top one percent or do it well. Not so much for the rest of us.

So I said, the key takeaway is that this is a currency story, this disguise as a market story. Can I just ask you how you know, what's your background? How did you sort of get to the point where you're even asking these questions and finding answers for them. Well, my background is I was eleven year old kid, and when the silver coin and switched from the ninety percent silver to couper nicols, I called Johnson slugs and I used to get twenty five cents a week allowance.

So when I got the slug in my hand, I thought, wow, that's weird. It can't be equal value. But no one seemed to pay any attention. They looked the same and it's all work to the vending machine.

So hey, so, but that's kind of sparks I think maybe a little spark, but I was really fascinating about money at an early age and I wanted to go into finance, and by my dad, I got accepted to trade stocks at age sixteen, which is illegal because you have to be eighteen to sign the contract, but there was a waiver that you got from the State of California called the Uniformal Gift of Minors Act. My dad's science. I started trading the Dow Jones indust driverage as the sixteen year old kid, and when he asked me what I wanted to do, I said, well, I want to work in finance, and he had a fit.

He had a tantrum. My dad was upset. He had a very big problem with the stockbroker, so you're not doing that. So I read the world book Encyclopedia Career Guide.

I decided I'd like to go start flying for a living. So I started flying at age sixteen, got every rating you could get. By nineteen, I went to cal Paul San Luis Obisto agree in aeron off engineering top flying the last couple of years, and I got a job on the B one bomber as a crewman right out of college. But my heart was still in finance.

I loved the aircraft industry what I got to do that, believe me. But my heart was still in the finance. And I was working with the test pilots and one of them worked out of news a financial needs letter. I never knew there was such a thing.

And I was reading it to the co pilot and I'm the back seater and I'm listening to stuff, and I just couldn't believe what I'm hearing. So I asked him, oh, you know, how do you get that letter? And this is snail man. I mean, this is before the Internet.

And so anyway, I got kind of addicted to the let's say, alternative view of finance in the newsletter industry, and I didn't at that time, so well, I want to quit working in the aircraft industry and write a newsletter. That's not how it happened. But I did have a career in the aircraft industry for over ten years, but I was always in the markets, in the options, future stocks, et cetera. I learned a lot about it, and then I went back to school and got it to be in finance.

And after that I left the aircraft industry started working for a financial planner saw how that game was. Wheren didn't think it was really as borl as I thought it was, because what I learned pretty early was that the house kind of was telling the client base, you know, you should buy this stock. And the reason we were doing that was so that the company could sell their stock and put it off on into their clients. So I left that and became pretty much independent, and as an early adopter on the internet, I said, well, this is my opportunity to be totally independent publishment without any outside influence whatsoever.

And I started the Morglar Report in nineteen ninety nine and here I am twenty seven years later. Wow, oh that's a great story. Okay, thank you for sharing that. So all right, so I guess just to take us there, what what are some of the key things that people don't know that you've informed yourself about that you think people should know.

The way one is, you know, the money versus currency. We use the word money all the time, and we really don't think about what it means. So this is a foundational statement. Really, most people don't understand the difference between money and currency.

Currency is government issued pieces of paper or digits electronic that can be issued or created at will. Money must be a store of value that stands the test of time, and historically that's been gold and silver, and it's been historically for thousands of years. And the subset of that is it's the only monetary assets that are not simultaneously somebody else's liability. So when you get paid a dollar in the paper, it's actually loaned into existence, and it's actually there's debt behind it.

You never really clear the debt in a currency system or a debt based currency system. So every fiat currency in history has failed. That's not an opinion, it's a record. It's recorded in fact.

So the question is and if the system is going to, you know, have further problems, it's how and when? And I think we are nearing the end because there's so much information about central bank, digital currencies, quantum financial system, a new payment method, perhaps looking at China and how they have a social credit score and we can move on from them. Wow, Okay, so you know what is what is your sort of general feeling advice around gold and silver. That it's it's at this point in economic history, it's required by everybody, but not an overdose.

The language meant most people that learn how the system really works, many have kind of the aha moment, the light bulb goes off, Oh my goodness, I oh wow, and they go they get emotional and they buy too much or the wrong kind from the wrong person or wrong dealer or whatever. Ten percent is probably enough for everyone, So you know, ten percent is ten percent. It's not like you're betting the farm that things are going to go bad. But if they do or I won't even say, say go bad.

Although the currency is depreciating value, I think all of your viewers would listeners would know that. But how fast and it's a little bit of time, like you can know, Okay, Well, that's just part of the way the system works. It is. However, it doesn't have to be that way.

And secondly, they start to notice it more on the very most important things. Remember the CPI, or as my friend called it, the CPI takes out the two most important things that they measure consumer price index by food and energy. Wow, what a concept. Take have food and energy to measure price inflation?

Are you kidding me? But are the two things we need as human as the most food and energy? Anyway, I digress. I didn't know that, okay.

And if we come in and see our food prices going in sky high, and you know how much of one hundred dollars bill to fill up your gas tank, people start to wake up. And that's where we are. So what happens if you own ten percent in gold and silver, Well, if you had owned it in twenty twenty five, you saw your gold go up by sixty five percent. In silver and platinum at one hundred and forty percent, So that's far more than when a tea bill will get.

But again you're only using ten percent, which means you have had ninety percent left over. You know, you got some cash, You've got some stocks, maybe bonds, maybe real estate. I'm not here to diversify people. I think that's kind of a well town by most investors that you should be diversified.

But most people are not diversified and think that they are. To go to find financial planner like I used to work for, you're told you NI sixty four or seventy thirty stocks bonds, they're nekeldly correlated. Stocks go down, bonds go up. Well that's lie now it used to be that way, but not anymore, they're heavily correlated.

So the only asset that's negatively correlated to the stock and bond markets are the precious metals, and therefore that's what you want for a balanced portfolio. If this goes down, that goes up, and that's what provides the reason you only need ten percent is if things get really squirrely, I think I can use that word, then you'll get a huge move in the metals. And they're only going to do that if and only if everything else has got a problem with So if you go back to nineteen eighty when gold peaked January twenty first at eight hundred and fifty ounce that December six weeks before it was that three hundred dollars, so it almost tripled in six seven weeks, how does that happen?

Well, it happened beca because there was panic buying because everyone thought the dollar excuse me, they thought that the dollar was dying, that the inflation was so high it was going to become worthless. I mean that was kind of the underlying theme. No one to say it, probably that boldly, but that's exactly what the major thought process was. And what happened is you may know what many of the listeners may or may not know is Paul Bulku stepped in and said, wait a minute, enough of this gold thing.

I'm going to put interest rates up well above the inflation rate, which is at thirteen percent at that time when they measured it accurately without the CPI lie, and to get a bond beyond thirteen and get a real true return on capital, he put interest rates around twenty percent, so you're getting a seven percent yield above the inflation rate. And that quelled the markets and kept things going for decades. And now we're again at a point where the way the inflation is measured is not accurate.

It's far higher than what's showing. In fact, a friend of mine, John Williams, from shadowstats dot com, still calculates the CPI as it was in nineteen eighty and by those metrics, we're at about ten percent inflation. Right. Wow.

Okay, So a lot that we're not seeing and hearing out there that is going on. And I mean, I'm assuming that your report helps people kind of know some of the things that maybe we're not seeking on the regular news. And as far as the precious metals, if you want to sort of move your portfolio toward that ten percent. What is the best way to do that?

I mean you kind of alluded to people buying correctly and things like that, So how do you buy correctly? Yeah, before I forget Michelle and send you a link after the show or shortly thereafter the people and have a fifteen minute consultation with me. That are your your listeners for free. That's like a two hundred and fifty dollars.

I charged one thousand dollars an hour for consultation. Wow, believe it. I don't have a lot of that's a lot of money I'll give them. I'll give them fifteen minutes, tell them where to buy, who to buy, how to buy, why to buy, and not make a rookie mistake.

So let me get that out there right now. Thank you. So, yeah, so you can if you have an IRA, you can usually move some of the precious metal, so you don't even have to do much more than a phone call. Okay, if you have a four to one keg full one K's in February started allowing to old and silver.

I'm not sure of all the details. Some corporations will let to do it, some may not. I'm not sure on that part. And then if you have money outside of your IRA, obviously I can help you in that situation as well.

But uh, and started an ir especially self directed iras, and I realized not everyone has a self directed RAS. A lot of people do. So you can take it to a'll already have and just reallocate it. You know, that's a couple of phone calls.

It's not very tough at all, okay. And the company that I'll connect you with, the there's more than one and not align with any certain absolute will take good care of you and make it very easy for me. So it's not that difficult. And then you know, if you look into you know, in the monetary history, like I have what I dedicated my life's work to, and you understand it, you'll probably sleep better at night because you know, there's more to life than money.

We all know that, but that we're in a financial system that's rather decrepit, and uh, there's a lot of crony capitalism and there's a lot of corruption. It's really good to look at the reality of that and do something that you can do. I mean, you can only control so much, but you can control your own money. You don't have to depend on someone else or even if you have someone to manage your money, and that's fine, just make sure that they're in the same mindset that you are.

That look, I need some protection in cases stocks of bo go down. What are we going to do? Well, they're negatily correlated. No, I lived from David Morgan.

They're not. They're not negultartly correlating. So anyway I go give it back to you. Yeah, no, super interesting.

So I can call my financial advisor with either Rayburn, you know, I have Raymond James, I have Schwab, I have a few different things going on, and they can do this for me, is what you're saying. But if I if I want to just take some cash and invest it into this, where do I go? Oh? Well, I'll give you recommendations.

But there's several online dealers that you can go that s O the metal and then you can keep it outside of the four oh one k or an ir A. That's okay, I would recommend okay, And there's no you know, it's as much you know, fiscal freedom as you can have. You could have it stored or have it sent to you. I actually recommend keeping some in your home just in case the worst case scenario happens.

Can you spend it, but that's highly doubtful. But if you're a big investor, you don't want to keep a lot of wealth, you know, on your property. I mean some people do, some people don't. That's a personal choice.

But there's a lot of storage facilities that are direct outside the banking system that you have read really access to it. And you know, again it's a phone call, you could just drive over there and pick it up kind of thing. Also, most larger talents have a coin dealer in their town somewhere. I won't say there's a problem.

You just have to shop prices a little bit because sometimes like pawn shops, you're not going to get a very good deal. But some of them is a true buoy on dealer usually give you a pretty competitive price that you could see off the internet and determine that Hey, it's a local guy. I got to know that I'm happy to do business with them or want to build a rapport with them, and that type of thing. What is what are gold and silver at right now?

Well I didn't check this morning, but last Friday shover was at eighty dollars a gallunce and goal was around forty six hundred, forty six hundred. Wow, okay, it's been as high as fifty five hundred. Yeah, the medals was really started to run, which you know, makes people that have followed my work hell for the last twenty five years, over the last couple of years, extremely happy as far as they maintained their purchase and power or probably increased it. But then there's a lot of people looking at it now saying, well, it's move too fast and too far, and you can make that case.

But again, going back to the ten percent, if things deteriorate further, I can almost guarantee I'm not allowed to say guarantee the financial world, but I can almost guarantee that they will and at that time maybe going to be a ten thousand. You don't want to focus too much on the paper price of gold or silver, because in a true hyperinflation, there is no paper price to it. I mean, it's infinity. We're not going to get there.

We're going to get a new reset. We're going to system. That's what it's going to happen. And when we'll get the reset, no one knows exactly what it will look like.

I've written papers and double lectures on it. But nonetheless, we'll have a system that's programmable money and everything will be tracked, taxed, and traced at the point of sale, and that's the system removing Wow. Okay, and does the documentary that you did? Does that explain a lot?

But what's in the documentary? Yeah, it explains a lot of that and also looks at a different aspect of money that to my knowledge, no one else has really looked at. And that's the spiritual side of them. I ask.

The subset of the name of the documentary is overcoming the control that the money powers have over our lives. Because if you look at the internet, what's the number one stressor of people worldwide? I think it's something like eighty percent is financial. I mean there's a lot of divorces because of finance.

There's a lot of non divorces because of finance. I can't leave, you can't pay the bill. I mean, there's just a lot of stress and fear and control around the money question. And the documentary tries to put you back into value rather than price, and what's value in the human experience, So it goes outside the realm of money, but it ties back to it.

But you would you be happier with a less pay in a rural community doing what you love than the high paid job that's driving me crazy. There's a book out I call it I Think It's Your Money or Your Life, Yeah, and it talks about that question because some people success isn't necessarily determined by money. But the film goes into how much we're brainwashed, and I'll use that term brainwashed that success is based on everything external. What car you have, what your house you have, what kind of watch you wear, what kind of suits you have, All of those things are external to you.

But the true value in the human experience comes from internal. It's you being successful. Successful to you, what does that mean for you? And that I think is something that isn't stressed enough.

I think it's really important for our children to understand that from the get go. And it's not what's outside of you that's important, it's what you are that's important. So I stressed that in the film. Well, that's so right up my alley.

I'm a big believer in the same thing. That's really why I started my company so people could helpefully, you know, dig deep inside and figure out what would give them purpose and meaning in their life and do that versus what the world is sort of, you know, continually directing you toward, mostly because they're telling you you need to make a certain amount of money and if you don't, you'll suffer. And so you go in certain career directions and make choices in your life, you know, based on that fear.

Really, so I love it. Yeah, and that's you know, the compare. Yeah, one of the early Sunday school lessons my daughter's got was it's not fair to compare, you know, but you're taught to, well, oh they got a newer car than we do, or they put a swimming pool in their backyard, all that stuff. Yeah, it's a crazy world that way, because we're told certain things, and then everything in the world is telling us, you know, whether whether directly or indirectly something else.

So it really messes with your head. I was having a talk with my son because he wants to go work on Wall Street actually, and you know, we had the whole like where does happiness come from? Conversation? And I don't know if you've ever done that happiness course that they they introduced it at Yale and they thought the students would care and they like wind up by the thousands to take it.

And it was the science behind happiness. And now it's you can get it on course era or something for free. But it's a it's a really well known course that really gives you the true statistics on what makes you happy. And money gets you to a point.

You know, maybe it's seventy five ninety thousand, depending on where you live, and beyond that, there's no actual increase in happiness that is correlated with money. I mean, of course, money gives you a lot more choices, and you can certainly make a case that you know, going to Hawaii five times a year will make you happier. But really happiness is exactly what you were saying. It's it's something else and it it comes from other sources.

So I love that. But so I think this is all really really important, and I you know, I commend you for spending all these years really looking behind the curtain and understanding it. And better, if somebody wants to go deeper into you know, what is going on in our markets and how are we being kind of lied to? Where would they go what would they how would they research this?

And the easiest thing is to go to my main website. It's the Morgan Report dot com. And we made it really simplified the website and probably a year ago. It's a three step process.

Step one is get on our free newsletter and step two is to look get two documentaries. One we talked about The Silver Sunrise TV. The other one is called The Four Horsemen. I'm in it.

I don't want to make it about me. I mean I am in the film, but there's many real intellection there, like Noam Chomsky and a few other really well known people talk about the system. It's about ten or twelve years old, but it's as pertinent today as it was when the film was made. And it really gives the layperson a very good, honest, objective look at how the banking system works, why it works the way it does, and how the end of the age of Empire is upon us.

And this is nothing to really fear. It's something to be educated about because it's cyclical. We go through the beginning to the end of an age of empire. Happened in the Roman Empire, happened to Byzantine Empire.

It's happened really in Great Britain, and it's happening in the United States. Again, nothing to fear. It's a cycle. But it teaches you how these things come about, why they come about, and then gives you some ideas about what to do about it.

So there's those two documentaries. Step three is if you want to go behind the paywall, you want to get involved with how to protect your wealth. I specialize. I don't do general planning.

I look at resources, so we look at obviously the precious metals. You've done well with copper and uranium and lithium. We're the first to talk about the battery metals. We hit the rarest element space almost perfectly.

I got us out a little bit early. So it's anything to do with a natural resource. And I have deferred the oil situation to another letter writer. I wrote an energy letter for a year, Michelle.

It was fairly successful. But I just at my age and my specialty. I just orb the energy to a friend of mine that I don't get a kickback or anything. It's just because I think it's the best and I want my people to have the best.

So there's that. Very interesting and so yeah, beyond the precious metals that everybody thinks about. What about these other sort of rare earth kind of things. Is that where people should be going as well?

Yeah, there are sectors, and yes I have a little tent tied. There are a few. I haven't put any on the list for a while because these are really very small company. Sometimes there might be an ETF excuse me, Michelle, and I'm looking into it.

Nothing on the list currently, but you know, I'm always trying to stay two or three steps ahead and looking I was early to rarest elements, in fact, as the first one in the financial newsletter in this could even write about it. I was number one the best of my knowledge, okay, But nonetheless, being first doesn't always mean being best. Sometimes I'm too early, you could says. Too early in the silver market, you know, it's having people buying silver ones under five dollars a house.

Now, it looks like a genius, but those people are to wait a long time as well. So again it comes back to knowledge, applied knowledge, which is wisdom and having a long term view. Most people that make the most money in the markets do it by having a clear idea with conviction and holding on. Yeah, I I really like that long term perspective on everything.

But let me just ask you, then, what is the goal for you know, you buy these metals, You're sitting with them for a very long time, and is the goal to just keep them? Is the goal to ever use them? I mean what? Yeah, that's a great question.

And I just I told my I don't like these my people sounds elegant, but people that have followed my work and have been members of the Mortgat. I told everyone from the get Go, once so or made one hundred dollars ounce, I would have a party. And I did that because it achieved one hundred and twenty dollars an ounce in January this year. Okay, so I threw a party in Las Vegas, and luckily I was able to like every single person that ever bought a book or anything more than that front.

So anyone who bought a book or subscribe to the newsletter for six months, six years, or you know, one guy was there for twenty he was from the get Go. He'd subscribed for twenty five years. So I had that party, and then I got feedback. And this is answering your question.

So long guys showed me the boat he bought with some of it with a lot of silver that he sold around one hundred dollars. And believe me, it wasn't a rowboat. And that was his dream, you know. And so that made me happy because he was so happy, right, the happiness thing, but that's what he truly wanted.

Another guy told me that he and his wife don't have kids, and they are really big dog lovers and they're starting in a dog rescue And I mean thissing wasn't elaborate, well planned out, fought out facility that's going to be. From what I know about dog rescue, which isn't much, it sounded like a top tier dog rescue facility that they're going to sell their silver and build. So it's an individual choice. And as far as the you ask straight out, would do you hold on to it?

I would say yes, you know, give it to your kids, start a charity, donate it, you know, start a foundation, whatever. It's your money. But I would say yeah you would. If you have kids, I would say pass some on to them.

But it's something to be used. I mean, it's it's real money. But money is a tool. I mean, you can't take it you know, you can't take it with you when you go.

And what is the human experience? I mean the adage it's better to give than to receive. I'll tell you, when I was a nineteen year old kid, I thought that was a bunch of hooey. I mean, I was all into me myself, and I I thought, you know, getting that car, getting that you know, all that stuff we talked about.

And I've learned as I'm matured, that's ridiculous. But there's a lot of ways to give, and there's a lot of things you can do. But it's an Individual's the guy who on the boat got the boat. Guys doing the facilities, doing the people are giving it to cherry people, are you know whatever?

So but yeah, I would say as far as holding part of it until we get the new system, now we know who's doing the zoo, how this thing really shakes out, how Ferret's really going to be. Is it going to be what we have a two class society with the elites and subserient to them across the board. Let's hope not. But that looks like the way we're going at least right now.

Or are we going to have more freedom and there's a direct correlation between honest, free money and a free society. Wow, this is so interesting and I love that answer because initially when we were talking about it was sort of a security thing. So then you feel like, do I just need to hold onto this and keep it close forever? You know, So this idea that you can use it and maybe buy another asset or build a business or do something you know else with it, So you know, I mean, those are also ways of building security.

So maybe absolutely, you know, I mean, the main point for most people that aren't meddlemaniacs or e leadist thinkers, it's about security and money. Just the idea used to be if you had enough money, you have financial freedom and went hand in hand financial freedom. That's no longer true, especially in China. Usually an example, I don't have time, we have left, but you know, you have a social credit score, so you could be a billionaire in China but be a quote unquote dissident to the system because you push back on the political structure and you're not able to get a first class hotel or a plane ticket.

It's not the question that you have the money, you have more good enough money. It's that you aren't socially adapt to what big brother tells you to think of you and say it. And that's no freedom at all. So now we're in a position where we really don't have financial freedom like we used to.

And unfortunately the way under my study, don't have to believe me. You can make up your own mind. China is kind of for the world system that's coming in maybe sooner than many people believe. That's really interesting.

So what you're talking about, I mean it's it's this big crossover in my mind between economics and politics. So yeah, okay, So so you're talking more politically or more economically or they both just completely tied together. Well, I straightened it out in my reports. I mean, I write the editorial I have from day one.

I've got a staff, I've got a senior stock analyst, a junior stock analyst, and some other people you know that are important to the team. But I'm the I won't say the brain, but one of the brains, and a couple of guys are smarter than me. It's about smart you are. I mean, you have to be somewhat point I'm trying to make as it comes from the d and Hart and I try to lay it out in very layman in terms what's happening.

And the last report I finished just a couple of weeks ago was about all inflation's in and deeply and be prepared for that. Most people don't know that and what does it look like and what does it mean for me? So there's a lot to you know, uncover here. I know we could dig a lot deeper, Mishell, and I really enjoyed our car back and forth.

I hope it's helpful to your audience because most people are never given this kind of straight objective shooting from the hip about what's really going on. Yet almost everyone, like in the matrix, you know, Neil, there's some sense that your whole life something's wrong, but you don't know what it is. And that's kind of a position I think most people are in. Yeah, this is so so interesting to me, and you know, if nothing else, I hope the takeaway is that it's worth learning more, and there's so much more than just what we see going on, and if we can get some insights like the ones you provide, then will just be that much smarter and that much more you know, able to kind to discern what's going on and how we want to react to it.

So yeah, very very interesting. So it's some great practical advice when it comes to know the precious metals, and then also some good insight to let people sort of, you know, not just believe everything they hear and go underneath a little bit, which is always good. So, I mean, whatever topic it is, whether it's money or food or whatever, we all really need to know more than what we're being told, because what we're being told there's an underlying agenda there. Unfortunately, there's a lot of corruption throughout the system, education, the medical, the monetary.

And this is true the end of the age of Empire. And it's like I said earlier, it's not something that like, oh my goodness, it's the first time in history. No, it keeps repeating, but the signals are there. I'm going to leave you with this.

One of my favorite quotes is chance favors the prepared mind. That really means is that if you get insights into this, it doesn't have to be deep. I think if you watch those two films, have pretty good insight for a couple hours of your time. Maybe yeah, we can relax it and now you have an insight that most people don't.

It's like, Okay, it's cyclical, it's going to turn around. It's going to be different, but we're going to come act better and stronger probably than we are right now, with more hopefully quality for everybody. Now, as I said earlier, I was going to ask you, you know, just if you can just briefly in a few sentences, sort of outline if if things were to shift in a better way, what would that look like? Yeah, Michelle, thank you.

What would the best outcome look like? Well, basically, if you believe what I believe, and I believe money is power, and that means, you know, the power of the money elite to control the money because they control the printing press, what happens, Well, you believe what I believe, and it doesn't take a rocket scientist to know how much corruption there is. I mean a lot of the Congress creators are bought and paid for it. It's called lobbying.

It's legal, but they have an alliance to a certain group that beats their campaigns. That's the truth. So in a real, true free economic system, people control the money. And when the people control the money, then you have a lot of freedom and free will and government does as it was founded.

They are a representative of the people. You know, the adage of the people, for the people and by the people shall not perish well in my opinion, I think it may have, or it's certainly joining that that's the ultimate outcome. However, as I said earlier, the trend doesn't mean it will happen. Is toward more authoritative authoritarianism and the political class learning it.

But really it goes beyond the political class. I don't want to go too deep, but it's moving toward technocracy, which means the politicians will be usurped by an AI, an artificial intelligence, and all the rules will be run by the AI, which means it's totally objective. It doesn't matter your race or color, your creed, your orientation, none of that matters. They're all treated equally, but there's no real moral empathy or compassion with maybe an extraneous case that might be looked at differently through the letter of the law rather than the law itself.

So unfortunately, as the technocrats take over, politician class subsides, and most people will cheer that because of the corruption into political class, but they don't know what they're really going to have to deal with. But the great reset may be the great reject, because especially Americans are known to do the right thing at the last moment, and there may be some type of libertarian type of thinking that comes to the fore on a non violent matter. They just say no more, I'm not going to do it.

You could keep it. I don't want the new banking system or I don't want whatever it is. So it's not over till it's over. And as I was told a long time ago, everything where it's out in the end, and it hasn't worked out yet, so we're probably about it.

Yeah, wow, Okay, that was a great way to wrap up. Thank you. I feel I agree with you, but I feel like that was a very hopeful ending that you know, things do usually work out. Women not know what it looks like right now, but yeah, okay, well, David, thank you.

So I'm going to put a link in their show notes as to how to get your report, how to find the documentary, anything else that you and you offered that lovely little invite to speak with you for a few minutes, So I'll get a link from you on how to do that, or do we just go to your website. What do we do? Well, I'll give you a link that you can send to your group and I will. And this is not apply.

I don't make any money on books. This is the last book I wrote with David Smith, Second Chance How it's a long subtitle how to make and keep big Money from the Coming Gold and Silver Shockwave. Wow. But it's really an investment book.

And I have one guy, so it's one data point. Please don't hang your habit. This is the best investment book you ever read. Now that's one person, but it's generally an investing book, a lot more than a precious metals handbook.

Okay, because he talks about cycles and he talks about taking profits. A lot of people when they're new do a round trip. The buy a stock at five, it goes to fifty. They think they're a genius, and they hold it because of some belief system.

It goes all the way back to five. That's called a round trip. Never ever, ever, ever, ever, ever do that. That's not investing.

Wow. So interesting. Yeah, I'm I still don't really know a strategy for you know, when there's. Several in there.

Yeah, and there's the one or two that will that makes perfect sense. It's concepts so easy. I'm going to do it, and it's like an autopilot. It's like putting your airplane on autopil I know how to fly to the ultiplane flights.

It's really that simple. And it's a strategy. Sorry, I've got a look excited. Because some people just don't want don't.

They get greedy, they don't take a profit when they should, or they just hold on too long, and you don't have to. You can just mechanically automatically take some profits. You get out of the exact top. No, only an amateur thinks they're going to get out of the exact top.

Only an amateur thinks they're going to get into the exact bottom. Anybody that's been in life where in the markets knows you want to get in relatively early, and you want to get out relatively you know, before the crowd exits. It's pretty simple, and the greed thing can mess you up. The market I think has a good propensality to expose your foibles.

If you're always late to the party, you're probably late to the market. If you're too early to party, maybe too early to the market. That's me I'm a little early, oh you know, but anyway, but at least I know. Oh I love it.

Okay, that's great. Thank you for showing us that book that sounds really really valuable. So well, this has been great. I mean, if I can see where there's so much more that you know and that you could share, so I would really encourage people and and I myself, I'm going to go ahead and get your newsletter, and so thank you so much.

Thank you for everything you shared. And you know, it's always exciting to have somebody on where the light bulbs are just popping and you want to know more, which is really the point of the show. I'm hoping people get an interest in money and want to know more. And so thank you so much.

And yeah, great advice and great discussion. Really appreciate you being here today. That's my pleasure. Thank you.

Okay, all right, an audience, thank you so thank you so much for listening. I sure hope you will subscribe and rate and review the Money and You show. We love bringing you shows and great guests like David, and the way we do it is to keep you know, people are the subscribership growing, and so thank you so much for that share with your friends. If you think you know people who could benefit from the show, please share it and well, we'll see you next week.

Thanks so much.