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pay me pay me pay me my silver now pay me or go to jail pay me my Sylvan and good morning big Square Road to river.com with your morning horn disease your sip of chocolate coffee a crazy day yesterday crazy day every day um miles Franklin was running a special on the rutabars 299 over spot they I did a video yesterday about it and they instantly disappeared amazing I don't know how many they actually sold but it was a lot and sold out really early so it's 3.99 over spot now um which is still a great price by the way for the get your router bars get your router bars um send Andy an email info info milesfranklin.com it's really cool 10 ounce bar right here you can stack these babies on top of each other there's no minimum or maximum um on how many you can buy so go check it out I don't think there's a minimal no no I don't think there's a minimum anyway um also I wanted to announce that Amy and I will be at the Litecoin um Lisa show their happy hour show and the party afterwards the mighty Mia celebration that is on 4 21 so the 21st and 22nd we'll be partying in um Oklahoma City uh we're gonna sing some songs play some music talk about Freedom uh help support Charities go check us out if you're in the neighborhood or if you want to fly in for a fun weekend um to more for more information go to litecoinlisa.net and then click on events and then go down to the bottom here and click on dancing for joy and you can get your tickets at the hundred bucks um yeah Oklahoma City come hang out Paige and Josh are coming out as well and a whole bunch of friends will be there so come check us out Bitcoin Ben will be there it's gonna be a blast check this out all right let's get to the uh the main event silver um for some reason they're they're defending 25 I don't know is it a big deal or not they can click a mouse and put the price of silver anywhere they want the question is will the what do the good guys want to do I think the good guys are in charge of the mouse right now and um I think they're taking silver off the market um I think Warren Buffett is involved and yeah it's a great time to be a holder of silver Hollow your silver uh we are coming to the end days of the banking system and there aren't many Avenues to protect yourself obviously silver is the best number one way better than gold because well there's a million reasons Silver's got the Dual quality of being both a an industrial metal and a monetary metal UH 60 of silver is used in on the industrial side that will probably change when silver is freely traded because the true fair market value silver probably closer to seven to one with um gold and gold clearly is undervalued as well but just seven to one and it's right now it's trading at 80 to one so well over 10 times undervalued right now 10 times undervalued so I do expect to see 250 silver as this thing starts to fall apart and then you go to okay well how many ounces are above ground there's about six billion of each according to the mainstream so maybe it should be traded closer to one to one with silver and if it sounds crazy to you you've been you've been conditioned by low prices because they've been rigging the price of silver for 170 years 170 years of suppressing the price of silver so of course it'll sound crazy what do you mean mix 2 000 silver that's the craziest thing I've ever heard is it really not even the bad guys know what the true fair market value of silver is today because there's no free market for silver so just keep that in mind um speaking of Warren Buffett this actually has a lot to do with silver Warren Buffett visits Japan boosts shares of trading houses ways buying more so Warren Buffett is going over to Japan and buying trading floors trading houses or buying stakes in trading houses what kind of trading houses are is he buying commodities commodity trading houses I am not kidding you here's the list uh shares of Japan's major trading houses soared after above it revealed that he boosted his five percent stake in each of the Japan's five top trading houses itsu Mitsubishi mitsui Sumitomo and marabini so let's see so let me tell my metals to produce lithium in 2028 etushu raises profit targets 14 on Commodities mitsui our commitment to Commodities is rooted in our heritage Mitsubishi Mitsubishi Corporation offers a broad range of trading services and precious metals marabuni medals and material resource division all these are metal trading companies hmm I don't know if you guys were involved when uh when Katy Perry partnered up with um the Theta guys that it data Labs she went to Warren Buffett and said hey what do you think you know remember Buffett says he hates cryptos um she asked his advice he said no don't don't buy the crypto buy into the company so Katy Perry actually took a position has a stake in Theta Labs really interesting stuff but that's what Warren I mean he's living what he talks right now he's so he's not going out to buy the commodity what he's doing is buying every company that deals in the commodity I think the Burlington railroad purchased that massive railroad purchase has more to do with what they have in the ground these relevant companies are highly highly weighted in owning the property how much silver and gold is in that land that you know on the Burlington Northern tracks and the the areas around it well in the Southwest trillions of dollars worth of metal in that ground and buff that's what I think that was the play for Buffett when he bought Burlington Northern um but we will find out we do know that Warren Buffett we know why he invests in uh Commodities because he's not a commodity guy remember but he bought one of the largest stakes in silver ever and let's listen again to why he bought it this was from um I think it was 2001 or 2000 or 1999 um and he's talking about somebody asked a question about what's your silver position and why did you buy it let's listen but we don't have it now the digital decision my decision was that the production of silver and the Reclamation of silver I don't remember the numbers exactly now but they were running perhaps 100 million ounces or thereabouts less or than the consumption he's he he's getting this backwards there was a silver shortage by 100 million ounces today it's uh I think 150 200 million ounces and now a lot of consumption has gone down in photography but that's where the Reclamation was too so that those tended more to balance each other out I haven't looked at the figures for the last year or so but silver was out of balance now on the other hand there were enormous quantities of silver above ground and there were huge quantities of silver that could could possibly be removed from other uses perhaps uh you know in jewelry and all kinds of things that could conceivably add to supply as they did in the early 1980s when the Hunt Brothers thing took place but overall silver was being produced and reclaimed at a uh at a lesser rate than it was being consumed and added to that was the fact that they're relatively few pure silver mine Silver Mine silver is largely produced as a byproduct of of copper and lead and zinc and so that's exactly true today and has been for the last three years did Buffett change his mind about silver oh that it was not easy to bring on added production so all of that added up to the fact that that I thought that silver would get tight at some point and as I said I was very I was early in that conclusion and I was early in selling so we have no silver now and we did not make much money on it and you're right that it it doesn't it doesn't earn anything uh so you sit with it it's not like it's not like sitting with a stock where in most cases uh earnings are piling up for you what he forgets to mention for some reason is when you have a stock you have massive third-party risk at times when third parties are probably all going to fail you don't want to stock you want no stock yes you get a you get a you know dividends and things like that from stocks but in a moment when there's massive third-party risk and risk of currency collapse risk of bank failure you don't want to own stocks you have to hope that you have to hope that a commodity moves in price because it is not producing anything as it sits there looking at you and that's one of the drawbacks of Commodities Charlie we didn't get where we are by owning non-interest bearing commodities I don't think it's a big issue around here we actually own loyal at one time too didn't we didn't mean we didn't make much money we made a little money no you made quite a bit out of oil but then you know it's a good habit to trumpet your failures and be quiet about your successes yeah there you go trumpet your failures to be quiet about your successes he made a shitload in silver he made a shitload of oil he's going to make massive shitloads in this purchase of I don't know how much of the billion ounces of JP Morgan silver you got but I think it's a lot and now he's going to trading houses that deal in in all kinds of precious metals and buying them up Lock Stock and Barrel so that's my take I have long known that Warren Buffett is working to take down the banking cabal um and the easiest way to do that is to buy as much silver as possible and then remember when all the silver has been bought what happens to the price of silver when the next next buyer comes in it goes unobtainium as Cliff calls it nobody's going to want to sell their silver when the price Rises it's the exact opposite people want to hang on to Silver and silver bugs especially end up buying more at higher prices and we're going to see that happen so that's where we are it's a crazy world we're living in so just hang on sit in your lawn chair on the sidelines I don't know what prices are going to do they can click a mouse and put them to minus forty dollars they can click a mouse and put silver to a million dollars an ounce that's the reality of exchanges these days they're not real same with cryptos although crypto's got a bid Bitcoin up over thirty thousand dollars again climbing that wall of worry are they going to take down tether and take down I don't care it doesn't matter to me because cryptos to me are the future not the past not the present but the future am I going to sell my Litecoin if it goes to 500 a coin five times what it is now am I going to sell it no I am not Litecoin is for the future Theta is for the future will Theta go to a thousand dollars a token absolutely in the future I can't tell you what day now cryptos are taking a lot of abuse from regulators they hate having to do it no they don't they love having to do it they want to control you oh we're trying to protect you and we're trying to stop money launderers it's they want to control you they want to keep their system intact that includes the crazy Elizabeth Warren Elizabeth Warren wants progressives to hate cryptos Elizabeth Warren wants people to hate Freedom you have to Value Freedom more than you value your government and Elizabeth Warren hates that she's got a real real problem with people doing well without everybody doing well everybody should not do well get off your ass get to work and you will do well if you don't you shouldn't do well that's what Elizabeth Warren and the Socialists don't understand life is never meant to be easy if it was meant to be easy God would have made it easy in the very beginning don't worry about it you got plenty of food clothing I'll give everybody a replicator to start off their life that way you don't have to worry about anything coming towards you you can just sit there and think about love and prosperity when everybody is prosperous that's when the collapses happen that's when all the money shifts to the Socialist started saying you're rich and I'm not and all these look at all these people they need money they need bailouts from their student loans they're really hurting well why the hell they take out a loan and sit for four years in the college studying I don't know transgender basket weaving who knows but they took out a loan they signed their name on the dotted line just declare bankruptcy if you can't pay it back you can't pay it back I think at one point they were talking about uh student loans not being eligible for bankruptcy but I don't know if that ever passed if it did it none of this is going to matter very soon when the banks go down the governments go down none of this is going to matter we're not even going to remember who Elizabeth Warren is in the next couple months weeks years as soon as it goes down she says I told you so and she's going to try to put things back together but it's they are the problem Elizabeth Elizabeth Warren and The Regulators are the problem they are not the solution and very soon that's going to become very obvious very obvious so that's where we are uh don't forget Glicks will be hanging out in Oklahoma City um get your tickets for the Litecoin Lisa event on the 21st and the 22nd the 21st is a happy hour at the same spot we're doing the party on Saturday um so come in for the weekend hang out have some fun um I'm looking forward to it and you'll see this live right here here's glitch this is the Federal Reserve Bank of Boston um but actually Bank of New York Comic book with Glicks it's Biggs that they turned into a comic book character here he is singing about the central banks go check it out uh this comic is actually called it's a federal reserve the story of the Federal Reserve System I'm all over this one it's cool and they made me cool so hey thanks fed that was really nice how many other people can say they're in a Fed comic book although I do think that um where is it Flora right here I think that's Catherine Austin Fitz I think it was designed after Cather Austin Vince and this guy Rolo might be Cliff Hyde I'm not sure and I know my band where's my band that's obvious right here down here at the bottom uh they're in the other comic there's dick algeier and there's a snippy robot on drums because snippy plays like the electric drums he can play any drums but that's just hysterical there we are memorialized memorialized in a Fed comic book very exciting anyway um we are still as of today which is the what is today the 11th we're still giving away the silver root of coin um again this will stop as soon as silver hits 30 bucks because I don't think it's gonna stop after it hits 30 bucks so we're gonna stop giving away the silver Ruda coins with every membership or renewal if you want to get it get it now go to roadtorua.com click on subscribe today it'll tell you what you get and all the exciting things going on at roadtaruda.com behind the scenes which is fun this is Biggs I'll talk to you later foreign
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