The Real Money Show
The Real Money Show - January 23rd, 2016
and welcome to the real money show the number to start investing right now one eight seven seven eight silver online to guildhall wealth.com and before we go any further we talked about this last week guys I want to reiterate that coming up on February six it'll uh from ten and twelve p.m. there's a seminar precious metals TFS a and RSP seminar that is happening at the Hilton Garden in Toronto airport that's Mrs. saga and you want to get on this before it's too late the sign up is guildhall wealth.com again in February six some light refreshments and free parking while you're there is what you want to get all caught up Jeremy want to advise people as well that you still have your special on that is for every five thousand dollars us invested through the east or depository otherwise into an RSP account you will get a gram of gold which is pretty cool to kick to start that one for you as well it's nice it's nice to get something outside of your RSP while you're investing within a registered account. We have got there's a lot of news this week a lot of headlines a lot of big headlines going on so we're going to try to machete our way through a bunch of those the first one I think you open up for me and I'll simply read the headline of this the best way to prepare for a gold bull market a bunch of really shock shocking statistics if you want to read through some of those. Yeah two thousand sixteen has really gotten off to a roaring start for a gold bull to quote Justin Spittler so far in two thousand sixteen the S.M.P. five hundred and the Dow have both dropped eight percent the Nasdaq has plunged ten percent U.S. stocks small U.S. stocks are plunged about eleven percent. We've got the knee Japanese Nikkei is down eleven percent the Shanghai Chinese Shanghai Composite Index is down eighteen percent gold has been down as much as twenty one percent natural gas down as much as nine percent copper oil down twenty one percent right right sorry copper oats platinum all down about eight percent but gold is up two point seven and gold is actually also come back up to eleven hundred in U.S. dollars on the spot. Which is also a very strong show right now so what you're seeing is that you always want to follow the smart money and you're seeing the world's wealthiest wealthiest people are starting to get involved in a well they've been involved in gold for quite some time but now you're starting to see the warnings we're going to talk about it today but we're seeing warnings from what we have been in opposition against for a very long time we're talking central bankers Kinesian Kinesian thinkers we're starting to see them warning about bubbles bursting about the stock market continuing it's sort of well now that it's begun now we can predict it kind of attitude and what we're also seeing is that the people who have continued to say gold is a good place to be we are now and we're going to talk about it today seeing that those gains are real and that it is a great place to protect and hold value. I just want to mention Justin Spitler the author of this article is from a website called silverbearcafe.com that's bear is any big furry animal right. Right one of the things we're seeing we're hearing a lot of being that we're in Canada is that a lot of people are concerned about the exchange rate they go to the supermarket they see that things are starting to cost more. I did today 9.99 a pound for asparagus what is that that's 9.99 a pound for asparagus that's what that is it's like it's gonna be cheaper to eat medicinal marijuana at this point yeah yeah I know the smoothies are getting more expensive and even with the price of oil down or gas prices down we know just across the board things are going to be getting more expensive you see it first in the grocery store but you know going around the shopping malls at Christmas time talking to the retailers they would say well this is going to be more expensive next year because of the exchange rate so we do see that we we definitely see it in natural fancy color diamonds right now I think we're the only company out there for Canadians that are able to offer Canadians prices before the exchange rates went up and that's because what we do at Guildhall is we base our pricing on what we paid when we replace those diamonds that's when the prices will rise so anyone looking to get a quick 30% on their money will want to look at natural fancy color diamonds when it comes to precious metals what we have this is a very interesting scenario and an incredible opportunity the US dollar because of its strength precious metals are still quite low in that currency but when you look at the periphery you look at everywhere else around the globe the price of gold and silver has gotten a touch more expensive so while we're losing purchasing power on our Canadian dollar meaning all of the US goods that we purchase are more expensive this year your Florida vacation it's going to be more expensive so as a Canadian I completely understand well I don't want to buy it with the high exchange rate it's a knee jerk reaction I don't want to buy anything with a high exchange rate and if it says US on the other side of that I'm out but if you look at it the fact is is that it for Canadians we've been buying gold in and around the $1,600 level for a year the gold price is going to start to move when the US dollar starts to lose value now if you've held gold or silver in the last year you've done a great job of hedging against the US against the Canadian dollar decline that means that if you bought it a year ago you could sell it today you've made some money you've hedged that's the whole point of owning precious metals it's a way to support and keep value who else we have with us today a special guest Jeremy we have Jerry Correa from from Guildhall wealth you have been here for a while my friend what's happening awesome do you want great expand on what Jeremy's saying absolutely I'm just having a background in currencies prior to me coming on board with Guildhall my background is in currencies and this is exactly what the message is is to look at gold and silver for what it is as currencies and the message is just to convert out of a bad currency into a much better one one that has been around for thousands of years and gold and silver are simply doing their jobs it's protecting one's purchasing power and it's just exciting to be able to offer an offer offer something that you can do now to combat currency depreciation every single country is on the race to depreciate to look more attractive but we're seeing a little bit of top side strength in US dollar primarily because they're saying that they're going to raise rates and they they've made a move but can they do anything further the US dollar index it's an index and indicator that we use to track US dollar price or US dollar strength and it has peaked so we see a great opportunity to not only hedge but to present an opportunity as well to capitalize on any top side moves on gold and silver so it's a tremendous time to for us I love this is my passion I love being with Guildhall I love what we do and to just be able to offer this to the public it's an awesome awesome feeling Start to the phone number 18778 silver online to Guildhall wealth dot com and remind you guys it's this physical metal we're not talking pieces of paper here correct we deal with physical product and and of course people will say you know I see the price here and then there's a price on the screen but then I pay something different there's the cotton and the t-shirt you know what you see is the price for paper raw product let's say and then someone's got to refine that product to 99% purity and then it's got to go through a few hands just because it's got to go through a few hands doesn't mean there's a lot of margin there it's a very small margin cost to get involved in precious metals is not a lot Jerry you're talking about exchange rates it's not that much different than exchanging Canadian into into US except you're changing from Canadian into a hard asset that is considered a currency if you try to mail it it's a currency you know if you try to get insurance it's a currency so it just happens to be a hard asset at the same time but what we're talking about here is the idea that when you look around the globe you see dollars are devaluing it's more expensive to buy goods all the time our purchasing power is going down all the time and right now the we'll call it I don't want to say aberration but the key point is that the US dollar still has strength people are getting out of their currencies and going to that strong currency you know out of out of the frying pan and into the fire is it as Paul always says the the best house on the worst block at what point does the US dollar start to fall under the weight of its own debts once you know when does that start to actually happen and that's where we consider that we have a window right now that the price of gold and silver aren't up 30% because our dollar declined yes the dollars declined but we're still able to buy to be able to buy gold and silver at a low price right now it's like being able to get insurance when premiums are on sale you never get premiums on sale this is what our opportunity is it's a small window to get into that life raft and protect your wealth right so this is what we want to do we want to protect wealth and that's what gold and silver does long term if you purchased gold 10 years ago you were buying it at $400 an ounce today it's trading at $1,100 an ounce just in US if you were buying it in Canadian you might have paid $600 Canadian for it today it's $1,600 Canadian it's done its job that's what it's supposed to do and while people are looking at the stock market and saying it's going down and I've put all my savings in this is another question right now you cannot get interest on your savings account you get 1% if that in many cases so you have to take a risk you can risk getting into real estate right there's not a not everyone is a massive real estate investor that can handle choppy waters so we go into the stock market or we go into safe investments that are getting low yield maybe 2% 3% and then we have to ask ourselves as inflation really at 2% 3% because our costs of living have gone up in my estimation more than that every year if it's more like 5% then every 5 years we're losing 25% of our purchasing power what's what are we going to do to reverse that trend you've got to have something long term that's going to give you that value back gold over thousands of years continues to do that so we feel that gold and silver are a great way to invest we do find that people who are in RSPs in the stock market are looking for reasons to get out and our RSP investment is giving those customers that opportunity they can buy physical gold and silver have it completely allocated meaning you receive the serial numbers segregated meaning you have your own spot in the vault you can buy and sell on a phone call very low cost of doing business but you're in a hard asset there is no counterparty risk here what other accounts just before we take our first break other than just an RSP what other accounts can we use Jerry well in essence it's all the RSP accounts so you have the R double RSP of the RSP for the children you have the TFSA accounts and you have the rifts lifts and liras which we will cover at the seminar February 6 and you want to get there or at least registered before it's all taken up all the spaces it's from 10 a.m. to 12 p.m. and the number they call is 1-866-274-9570 guys lots more to cover got an interview coming up Jerry Jeremy you got some else to say interview coming up we're going to talk about what some central bankers are saying about gold and silver the warnings that they're giving right now and remember if you don't have to do this within an RSP if you want to just get involved in the market you can buy it directly you can go to the e-store or contact us directly and just purchase some physical ounces and get that into your portfolio and get a feel for what it is to buy a hard asset to protect your wealth you do that online guildhallwealth.com the number is 1-877-8 silver as well the real money show continues talk radio am 640 and back with more of the real money show 1-877-8 silver online to guildhallwealth.com or for the duration of this segment you can also check out guildhalldiamonds.com I want to remind you as well there's that seminar coming up the date is February 6 from 10am to 12pm the RSP TFSA seminar how to get some precious metals into that account of yours it'll be the Hilton Garden in Toronto airport that is Mississauga space is going quickly so register as soon as you can 1-866-274-9570 or guildhallwealth.com go to the media and events page and you can get more details right there let's talk some diamonds Jeremy we love our diamonds we love what they've done for customers what they what we see all the time in the past it was a little more difficult to be able to show what type of gains the diamonds have made because we were really counting on saying well this is what when we try to go and find the diamond it's always more difficult as a result the prices are always higher this is where the prices are going so a potential potential whether it's investor, collector, anyone looking to acquire diamond how to couldn't really grasp the numbers because what happened in the past is only the very wealthy would be able to buy colored diamonds and because they saw how rare they were they understood instantly what that rarity meant it was similar to buying art it was similar to buying aged wine so there was that sense of collection that sense of collect the ability to acquire that no one else has it that rarity the value came into play very simply but for others especially if they're looking to get involved in let's say speculative nature in terms of making money with a natural fancy color diamond they want to start seeing numbers and thankfully the the market's gotten big enough the secrets out a little bit more that now there's there's foundations like the the fancy color diamond research foundation that's able to really quantify the the market a little bit more and what we've seen is that pink diamonds have gone up incredibly well in the last decade you're looking at over 347% for diamonds that are perhaps a character above and this just confirms what we already know at Guildhall and what collectors know once people get involved in the market it's a lot easier to see how the market's moving imagine coming to real estate for the first time and someone says well I've got a two-bedroom condo here in downtown Toronto and it's $700,000 and what if what if that last time you looked at real estate the price for a two-bedroom condo in Toronto was going for 350 just that it would be tough to disconnect would be tough to make sense of here's a better here's an even further example pink diamonds which are so incredibly rare also quite small think about most yellow diamond every single yellow diamond that we have in our yellow diamond collection at Guildhall is above one care yep pinks are a lot more rare and they tend to be a little smaller as a result and their clarity's are more difficult to get to IF as well you rarely see those and you also rarely see vivid in pinks so we're tending to look in intense and fancy and if these sound like a lot of different words and what not you can definitely give us a call contact us will send you a report and basic package that'll give you all of these definitions but just to go from under half a caret pink which could be in the 50-60,000 range on an intense to go above .5 half just over half a caret you could have a jump in price from 60,000 to 180,000 that's the rarity that's rarity these diamonds can move up exponentially and what I love about natural fancy color diamonds is your ability to gain is predicated on the sub on how large an investment it is so imagine putting into the stock market doesn't matter if you put in 10 or 100 if the stock goes up 10% that's what you got you put in 100 you got 10% whereas with this you're buying rarity the more rare you can buy the stronger that investment can go up in value we are having difficulty all the time trying to replace vivid yellow IF and if a customer can get up to the vivid yellow IF in my opinion you've already arrived there you can't you can't get more than a vivid yellow IF in the yellow range unless you go to a bigger yellow right vivid IF and a one care at vivid yellow would cost right now around 50,000 Canadian give or take that type of diamond from our experience has been has been gaining upwards of 18% a year in in valuation gains which that's a dream that's a dream if you have the ability to put something away for 10 15 20 years and simply collect 15 to 20% a year on that asset what's there to look at except that which diamond you want to look which diamond you want to purchase but there is a place for the average Joe as well who doesn't have a $50,000 to invest right right you can get involved in the market for as little as 15,000 Canadian one caret fancy yellows this is our our entry level a few years back you would have been able to purchase those diamonds for under $10,000 with the exchange rate as it is if it doesn't change then that price will be higher than 15,000 so again if you've bought a diamond in the last year you've already hedged against the decline in the dollar you've been able to make the gain on it so for example a fancy yellow that we're talking about here an entry level one caret 6% a year comfortably maybe touch more yeah make no mistake this is still an investment grade diamond this isn't just some diamond you pick up at a jewelry store right and what and speaking of jewelry stores what we find and this is such a satisfying aspect of of being involved in the color diamond market is jewelry stores work to give the effect so they don't have to buy I F diamonds and there's a premium on I F diamonds having an internally flawless diamond with all things being equal is is a Michael Jordan not every basketball player is a Michael Jordan so and that happens in every sport there's the top view and then there's the rest we deal with that top view internally flawless one caret and above except just all of the qualities combined but what we can offer customers is the ability to buy that quality not have to get VS quality not VVS quality but I F quality so the best quality at less than what you would pay retail and believe me if you've ever seen anyone who had a D quality white diamond versus a G quality white diamond people see that difference instantly they don't know what it is they don't know why they're more attracted to the one diamond over the other but there's something and that's what we can do is we're not just giving a bit of effect and having to make sacrifices we don't make any sacrifices and customers can still get it at the right price at a good price so people like that idea that they can get better quality for a lower price and so especially with the one caret fancy yellows which make great engagement rings brilliant so if you want to learn more very civil guildhall diamonds.com make sure you give them a call as well one eight seven seven eight silver get the investor get the 10 step guide and how to purchase a diamond educate yourself before you take the plunge so Jerry tell us a little bit about what we can have or what the offerings are from Guildhall wealth well what we're going to hear today is an interview that's going to present a plethora of realities that many people are not hearing of and what Guildhall really brings to the table is some options for investors to do something to really take action and allocate some of their wealth that is away from these risks so what we bring to the table is an opportunity to preserve your wealth away from these depreciating currencies we're talking natural fancy colored diamonds an asset class that is super rare and is not impacted by the mood of the market historically in over 40 years and we also bring to the table physical not bullying proxy we're not talking paper we're not talking ETFs certificates and these things we're bringing to the table physical hard assets that you physical precious metals that you can allocate right in your TFSA or RSP you can take it home you can even for some people who don't want to really outlay huge amount you can start off every single month we have a great monthly savers program for you to convert some of your wealth every paycheck use one two hundred dollars every paycheck to put towards a ten ounce bar or some coins and do something pay yourself first and we also offer the depository of course which is a great way to manage your wealth outside of the banking system it's all insured it's all allocated bar numbers visitation these are key things and you're getting title ownership if ownership is key this is your insurance policy we're not here to sell you a share of sun life insurance this is your to be your insurance policy you're buying the real deal you're buying the real hard asset that you know is going to be there for you it's going to perform in the event of any banking financial currency crisis it's already performed throughout the last decade it's already done its job that the fact is is this is about you have an opportunity to get involved so it can continue to do its job and in the upcoming interview we're going to talk about how it does its job with Jeff Berwick we're going to be talking about the central bankers what they're saying about the markets right now we're going to be talking about what's happening in the markets and why this is such a good opportunity to get involved in gold and how it can protect the protect your wealth and what that can mean going in the future right now we're really focused on this idea of protection but also what that can mean in terms of opportunity for profits as well well Jeff is standing by guys so we'll take a quick break stay tuned lots more coming up one eight seven seven eight silver is a number guildhall wealth.com that's seven our February six coming up from 10 a.m. to 12 p.m. Hilton Garden in Toronto Airport in Mississauga the number one eight six six two seven four ninety five seventy and the special continues the offer is when you invest $5,000 US and RSP TFS a through the e-store the depository or otherwise you'll get a gram of gold as a little perk her to see of Guildhall the interview Jeff Berwick is coming up next on the real money show talk radio am 640 and welcome back to the real money show one eight seven seven eight silver is the number guildhall wealth.com reminder that for every $5,000 US invested through the e-store depository and your RSP account you get a gram of gold courtesy of Guildhall and there is that seven are coming up February six the Hilton Garden in Toronto where apart from 10 a.m. to 12 p.m. two quick hours but educational hours how to use your RSP and TFS a room accounts to again it's a real real precious metals the numbers one eight six six two seven four ninety five seventy to get on board and hold your place for that on February six interview now let's talk to him it is Jeff Berwick here on the real money show all right great to have you on the show Jeff nice to be with you so many of our many of your readers and our real money show listeners know that you were born in Canada in fact and had some tremendous corporate and investment success here now today there are a lot of top of mind issues affecting us Canadians today we are hearing things about or seeing things like the spiraling loony and there's a lot of talk about negative interest rates by the Bank of Canada although they kind of paused and they put the pause button on yesterday kind of helping the the boost of the loony today and as well some rather negative investor sentiment here in Canada and the equity markets and some real estate markets at this time so with all these issues in mind what are your thoughts or insights right now on these topics Jeff well essentially this is something that's been in the works for a long time what's going on right now with the Canadian dollar falling dramatically the Canadian stock market's coming off dramatically I've been predicting all of this happening I predicted this was going to happen over the last few years and and definitely last year I said that this was all going to start happening in the fall of 2015 and it has and it's I said 2016 is going to be a blood bath and already in the first three weeks of 2016 it already has but this is actually just the beginning people listening to this program should be really listening to what I have to say this is the beginning this looks exactly like 2007 2008 which a lot of people might remember but this is going to be far worse there was a the chief economist of the Bank of International Settlements which is a financial terrorism organization just said in Davos another terrorist organization group meeting he said this is exactly like 2007 2008 but it's going to be much worse so he said the exact same thing that we've been saying for a few years so really this has started 1971 essentially when Nixon took the gold backing away from the US dollar and put the entire world monetary system on a fiat government system that combined with all these socialist democratic nation states around the world now have gone into massive amounts of debt 2008 it almost all collapsed and the only way the reason it didn't collapse is because they just printed a lot of money afterwards to make it look like it was still alive even George Soros said that the financial system collapsed in 2008 but then they just printed and that's what we've seen with quantitative easing one two and three and move governments around the world and central banks around the world printing a ton of money so if you look at the charts of the Canadian dollar for example 2007 it was at a high in September 2007 of the boats a little over a par with the US dollar by 2009 early in 2009 February it was down to 78 cents so that was a an indicator of what was going on at that time what's been happening is we've been actually going through a slower a slower scale decline this time it's actually lasted longer it wasn't as abrupt as 2008 so this is actually started 2011 for the loony when it was up over a dollar five US and now of course it's under 70 cents US this is just an indicator that we're nearing a complete financial crisis and catastrophe like in 2007 2008 and like William White of the Bank of International Settlements said and we agree with them this is going to be far far worse this could be absolutely catastrophic absolutely and many of your readers know that you have been making this call like myself I'm a huge fan and a huge reader of your your blog found on dollar dollar vigilante dot com the TV reports are amazing and in the past month and a half I've been following your discussions on dollar vigilante dot com and you just discussed two phenomenon more recently at length and one many of our listeners have heard about this more so called the seven year cycle so this shimita trend or cycle and the other is called this Jubilee and the Jubilee trend your posts on each of these have revealed some very strong patterns for this year 2016 including quite literally what we're seeing right now the beginning of an accommodation of a world market meltdown Jeff could you take a few minutes to kind of elaborate on these two items for us and how they relate to both allocating some wealth to gold and silver sure I started the dollar vigilante in 2010 after I saw the 2008 crisis and near collapse because around 2004 2005 I saw that coming and I was watching and when that happened I knew that I knew what was going on in this financial and economic system and I decided that after 2008 that the next crash the next crisis would be probably the last one and it probably wouldn't be too far out I actually said in 2010 when I started the dollar vigilante that I expect within five to ten years all fiat currencies that includes the US dollar the Canadian loony everything else will go to zero and so we just entered into that period where I said it could happen last year which was quite interesting 2015 was quite a chaotic year and it was in early 2015 I started to really I discover a lot of the timetables that are used by the financial elites and it's actually fairly well known on Wall Street as a seven year cycle but thanks to Jonathan Kahn in his book The Harbinger I became aware of something called the Shamita which is an old Jewish occult sort of thing that these financial elites adhere to a timetable so that there's actual exact times that they cause and then do these crashes and collapses and so it was in July of last year 2015 I said by the fall there's going to be the beginning of a major crisis collapse and we saw that in August with the Dow Jones down more than 1000 points and today we saw the world markets going down dramatically the third quarter was just atrocious around the world they rebounded a bit since then and I began talking about how the year after this Shamita which is started in September of 2015 and ends in October of 2016 is something called the Jubilee and it's known as a it comes after every seven Shamita this is a very complex stuff I can't possibly explain it all in in a few minutes but after every there's a lot of numerology involved in this and so after every seven every seven years of the Shamita and after every seven Shamita Shamita which is every 49 years is something called the Jubilee and there's a lot of stuff in the Jewish Torah and things like that about how this is a time that you wash away debts and things like that and it was actually William White who established just a few days ago said this is a debt Jubilee and so that confirmed that I've caught on to what's going on and he warned very dire very dramatically that this is a serious difficult level event that is right in front of us if not in the next few months definitely in the next year and so I've been following up for a while and and I said that 2016 was going to be an absolute bloodbath and already as I pointed out only three weeks and we've already seen the U.S. markets down 10% we've seen China down 20% Saudi Arabian markets down 33% just seeing astronomical numbers for just a few weeks and a lot of panic starting to set in I think it might subside a little bit for a couple weeks maybe even a month now but then it's going to get even much worse people should definitely be preparing for what happened in 2008 but much worse on the real money show I like yourself you focus on internationalizing your assets and creating a private reserve so here on the discussion the real money show we discussed the idea on a weekly basis that both gold and silver can act as wealth preservers a track record of doing this dating back some four to five thousand years in the next five four to five years Jeff what do you foresee the gold and silver markets being capable of considering these cycles and indicators do you see gold and silver being that wealth preserver and potentially money maker? I look at it much more as a wealth preserver but definitely if you can preserve your wealth during the next year and definitely over the next few years you will be much wealthier than most people you know who have their money in bank accounts in fiat currencies like the Canadian or US dollars they're going to just get annihilated over the next few years as I said I expect complete collapse of these currencies so it's not so much about making money although if you do put all of your assets into precious metals you will be so much more wealthier than anyone you know in five years but it's not really about that Richard Russell who wrote the doubt theory letters who just died a few months ago he's one of the most well known newsletter writers he essentially started the financial newsletter business and he was I think in his 80s or 90s when he just recently died but he said just last year that the person who loses the least in this coming crisis is going to win so it's really more about preservation of wealth and keeping what you have then trying to make a lot of money at this moment in time. Absolutely. I love the fact that you you bring up the the debris shading currencies because this is one of my focus and I love driving that home is to combat that by allocating some of the wealth in gold and silver so it's a great point there Jeff. Thank you so much. Now you had a post this morning. In fact I looked at it. It was a chart on your on your blog showing the I shares MSCI index which is the world wide stock markets index and yes in fact since the beginning of the she media year to now the world markets are down over 20% and we're seeing various indicators like the dollar index. These indices and many people want to see the charts so we show them the charts but there is an index. You know in relation to all of this we recall recently reading also that you have a billionaire colleague in the shipping industry who's talking about what is happening right now and the fact that they had no ships at sea. So we delved into the index the Baltic dry index and we witnessed some disturbing trends and we see what the Baltic dry index has done over the past year also. Now for many people who don't know the Baltic dry index in essence just measures how much it costs to ship dry commodities around the world and there is stagnation. Huge indicator it's also called the canary down the coal mine it's it's predicting it's flashing red right now. Now with these warning sides being flashed like this can you project where the world economy will or might be in three to five years time Jeff. In three to five years absolutely impossible what we're going to go through over the next year or two at most two is going to shock the world. We've never as humanity seen anything like this with a complete global fiat currency system so everyone's using fiat currencies around the world and they're all going to collapse. So we've never seen that we've seen fiat currencies collapse hundreds of times over the course of human history. Just recent ones include Zimbabwe Argentina of course in the 20th century Germany the Weimar Republic numerous countless fiat currencies have collapsed but those were just one area or one country that had a collapse. So we've never had the entire world which is now every single currency is backed by the US dollar that includes the Canadian dollar. And most most Canadians don't know this because they won't teach you in your public indoctrination camps or as they call them government schools about how the money system works and what backs the Canadian dollar. But the only thing backing the Canadian dollar at the Bank of Canada are US dollar reserves so when the US dollar collapses the Canadian dollar will collapse along with it. Most Canadians are completely unaware that all the gold of the Canadian government in the Bank of Canada was all sold in the 80s and 90s is very little reported about that in the mainstream from the mainstream prostitutes. But there's absolutely nothing back in that currency so all these currencies are going to be washed away in the coming years. It might not be this year but it's going to be soon enough you should be prepared for it. You pointed out the Baltic shipping index that's just one of literally dozens and dozens of indicators that are showing that worldwide trade is coming to a screeching halt. We've seen the Baltic diandex is at all time lows almost every day it hits an all time low now. This is something that people should be paying attention to. This should be what's on CNBC or what's on the Canadian business channel. But of course they just have their puppets up there trying to keep everyone in the markets trying to keep everyone from panicking just like Jim Kramer of CNBC when he told people not to panic, not to sell Bear Stearns in 2007. He said you'd be crazy. You'd be silly to sell Bear Stearns. It was an $82 a share when he said that six days later it was sold to Morgan, JP Morgan for $2 a share. This is what they do turn off the television. It's called programming for a reason. You just have to look at everything. The price of oil is obviously showing massive strain something absolutely insane happening in the markets. That also happened right before the crisis in 2008. You look at the price of copper also known as Dr. Copper because it kind of shows how the economy is doing at very big lows as well. Everything every major indicator is showing that things are looking very bad. Unlike past times in history when central banks have hit these recessions or depressions, the central banks have absolutely no ammunition now. They can't lower interest rates. They're all at 0% or negative, which is absolutely insane. Keynesian, Kool-Aid drinking, central banking, communist, socialism style capitalism as they call it, which it absolutely isn't. This is insanity. People are going to look back at this period in time and be shocked. They didn't know how bad this crisis was going to be before it happened. Thank you so much. Last question, Jeff. If you could just briefly touch upon this. We have a listener question from a friend of ours. Mike V of Oakville. Bringing this up to me in reference to the mainstream news. Why isn't this information on the mainstream, the BNNs and the CNNs of the world? He's been a follower of your blogs and your analysis for a while who kindly asked me to relay this question to you. Mike asks, Jeff, being very knowledgeable of Mexican and Central American, South American economies and international policies in that region being internationalized in your assets and investments. Why do you believe Puerto Rico, a colony of the USA, after defaulting back in early January did not get much media attention? And why did the reality of this Greek-like event not impact the US dollar strength? Can you take a minute to briefly touch upon that? Well, I think there's numerous factors involved. Of course, what the media covers or doesn't cover has no bearing on its importance. They did cover to some extent Greece a little bit just because there was a lot of riots and stuff, but they barely covered that the banks were closed there for months last year during their crisis. We're still ongoing and we'll continue to ongoing. We'll hit all of Europe and we'll hit the US and Canada and Australia. Europe just put in bank baling clauses on January 1st of this year. That should tell people something. That's what Cyprus did in 2013 when they closed all their banks overnight. And stole 50% of all the depositors' money from their bank accounts because the banks were out of their insolvent. That was called a bank bail-in. So essentially now in the old days used to rob banks, now the banks rob you. And that is going to happen all throughout Europe. It's going to happen all across the Western world. So they didn't really cover that and they didn't cover the fact that Bitcoin went from $35 to about $350. During that time period, of course, they don't tell you about these things or precious metals or anything like that. They want you to think that's a barbaric relic while we continue to use pieces of paper with dead criminals printed on them as money. That's backed by nothing, which is complete insanity, of course. So as far as Puerto Rico, I don't know why the media did or didn't cover it to a certain extent, but I think it's not a massive deal. I think everything else that's going on is just as big or bigger. Puerto Rico is not a huge place. I think it's not sure. I don't know every country's GDP or anything, but I think it was around the same size as possibly. I don't think it was as big as Greece, for example. So I don't think that necessarily should have affected the US dollar too much. The amount of debt they had, I doubt, is anywhere near the US federal government dead of $19 trillion. When that defaults, that's when the real fireworks go off. And it's, of course, totally unpayable. $19 trillion. If interest rates were to rise to 10%, which is not a massive amount, it sounds massive today when they have 0% or negative interest rates, but 10% is a fairly standard long-term interest rate. If it were to rise to that level, that would be $2 trillion per year. The US government would have to pay interest payments alone, which is almost the entire tax base of the US government. So every penny of tax would go just to pay interest on the debt if interest rates rose to 10%. So as far as Puerto Rico, I'm not sure why or why not that didn't get covered, but I don't think it was a massive deal. I think it was just one other thing that happened amongst many, many, many things that have happened in the last few years. That is an indicator of what is coming. Right. Absolutely. Jeff, just want to, Mr. Berwick, I just want to thank you for joining us. That kind of wraps up our interview for today. We've definitely learned a lot. We're going to continue to stay tuned to your blog and your newsletters. Just wanted to know if we can have you back some time in the near future. It'd be my pleasure. And how do our listeners get in touch with you, Jeff? If you're interested in this crazy talk I'm talking about that you never hear on your mainstream media television program. And just go to dollarvigilante.com and we have a blog there. Just sign up for our email every day. And I put out information every day as you pointed out with information that you just don't get from the mainstream media showing where this is headed. And if you don't start paying attention now, you are really being risky with your finances and your future. Thank you so much, Jeff. Talk to you soon. Thank you. And we'll take a quick break, guys. 18778 Silver is a number to start investing guildhallwealth.com. The seminar is coming up a reminder February 6th. That is from 10 a.m. to 12 p.m. The place is the Hilton Garden in Toronto Airport in Mississauga. You want to get on board and reserve your space. 1-866-274-9570 all about using your RRSP and TFSA accounts to invest in precious metals. Lots more of The Real Money Show coming up here on TalkRadio AM640. And back with more of The Real Money Show. 1-877-78 Silver online to guildhallwealth.com. The seminar is still happening by the very February 6th. And you want to go to that? It'll be from 10 a.m. to 12 p.m. The Hilton Garden in Toronto Airport in Mississauga. Learn how to use precious metals in your RRSP and TFSA accounts. You want this information. It's a great way to invest. The number is 1-866-274-9570. Get your space while it is still available. Guys, Jeff Berwick, what do you think? He had some interesting quotes. Yeah, that was a really good interview. There were a lot of different points being made. Just a ton of information that I think I'm a fan. I'm going to be reading his dollar vigilante. And I hope to check in with him again soon. I think that one of the biggest points for me was that you're starting to see the upper echelons of the economic world, whether it be central bankers. We've seen it from the Dallas Fed president. We saw it from -- Jeff was talking about William White, who was the former chief economist of the bank for international settlements. And he's talking about the markets coming down and the Jubilee and all of these things. And so how many of these events have to keep happening? And how many of these articles have to keep being posted in the mainstream or non-mainstream for people to say, "You know what? I think there's something going on." And you shouldn't have to wait for the stock market to fall 20% to say it's time to get out. I think that it's easy to look at a seven-year cycle in the stock market, et cetera, and say, "Okay, the market's gone pretty well for a long time. What's next? Where do I go from here?" And I think the biggest point that really stuck with me is this idea that -- because I feel it every day at work, I don't know about you, Jerry -- that people are not looking for profit the way they did maybe in 2006-2007. They're really looking for protection. They want that security. They want that security. They want to know, "Look, if we get another 2008-like experience, and let's be honest, none of the problems got solved. Remember, none of those bankers went to jail. Bernie Saunders went all off on Hillary Clinton about that the other day. And she had no response except to say, "Well, at least we're talking about it." It was actually -- it was quite hilarious. But none of the problems have been solved. So anyone that has reason is going to say, "Okay, this could be worse this time." And so the idea with precious metals is to get out of the banking system, get into something that has zero counterparty risk. That means gold can't go to zero. It's not a company. There's no shareholders. You're just owning an asset that preserves value. And I think a lot of the points he made really drove home that point. And finally, I really liked that idea that right now it's about protection. Absolutely. But those who protect their money now are going to have it for later. They're going to be the ones being able to buy real estate at lower prices. They're the ones who are going to be able to buy stocks at the lowest price. And there is still a lot of time to take action now and get involved. In a theme is definitely wealth protection. Not so much the opportunity to make money. Yes. What we bring to the table at Guildhall is an opportunity to protect your wealth with sadly overlooked asset classes, not discussed too often, precious metals and diamonds. And the theme is definitely become your own central bank, accumulate physical hard assets, and do as the central bankers do. They know that these are real tangible, you know, whatever they theme it, tier one capital asset or tier two, however they want to categorize gold and silver right now. We know that they're money and they will continue to perform regardless. So there is still a lot of time, Jeremy. Yeah, and the idea that right now all countries are using fiat currency. Of course, since 2008, many central banks, well all central banks became net buyers of gold. There was no more gold sold out of central banks. So you've seen an accumulation of gold in Russia, an accumulation of gold in India, an accumulation of gold in China. But of course Canada doesn't have gold and the US hasn't been audited since I believe the 50s. So we know that a lot of the fiat countries wanted to move away from the fiat party and start to make moves to correct that situation. And gold is all about liquidity. You know, if you don't have liquid reserves, you know, right now China is selling treasuries. They're selling treasuries because they need the liquidity to put into the market to protect their economy. And eventually when that runs out, they've got gold. Right now the US has one choice, print money. And they are the net buyers of their treasuries. They're buying all of their treasuries. That's scary. How long can you write yourself a check and deposit it and take out the cash before the bank catches on to your little Ponzi scheme? And the question is how long before people say you're no wizard? You're no wizard. You're just printing money at our expense, at the next generation's expense. And so we feel strongly at Guildhall that we have an opportunity to see that reasonable action of your clearly printing money. There's going to be consequences. You can avoid reality, but you can't avoid the consequences of avoiding reality. At this point, in my opinion, the US and with their economic monetary policy is simply being like a doctor who's simply making the patient comfortable. The patients on life support. It's now it's just about comfort. If they print more money, it's not going to stimulate the economy. The wealth effect never worked. They're in hospice care. Exactly. We'll talk about the wealth effect next week, but the fact is that gold is real. Printing money can only last so long. Those that can print the money know better than anybody what gold is worth. They're going to take that printed money and buy hard assets. And that's what you see. You see central banks buying hard assets like gold because at the end of the day, when this does come apart, which it will, and it might not be tomorrow and it might not be next week. But when it does, he or she who owns the gold makes the rules. Done for another week, guys. Again, got to thank Jeff Bervert for stopping by. A wonderful interview. Again, you can catch it all. Obviously, if you didn't hear on an AM 640, you'll catch it on the website, guildhallwealth.com. And the number 18778 Silver is the number to start investing. The seminar is happening very shortly. February 6th is the date from 10 AM to 12 PM. The place, the Hilton Garden in Toronto Airport in Mississauga. And the number to start to, or at least get on the standby list or get invited as well. Get your spot is 186-6274-9570. There's some parking, some light refreshments and learn how to use your RSP and TFSA room. To get into real precious metals you can hold and look at and drop in the floor. The real stuff is what you want. More of the real money show next week. We'll take it for another week. It's been a wonderful show, guys, right here on AM 640. Hey, Merry Christmas, man! The countdown to Christmas celebration continues on W Network. That is where I thrive. It's the time to shine. All new movies every Thursday to Sunday. We deployed Christmas joy with three brand new holiday series. Thanks so much. Have a great holiday. Back-to-back movies every day will have you jumping for joy. Hallmark channels countdown to Christmas all season long, only on W. Stream on Stack TV.