FULL Money Monday

The following program is recorded content created by the Truth Network. That's 866-34-TRUTH, or check him out online at TheSteveNobleShow.com.

And now, here's your host, Steve Noble. He'd be really bad at it. He'd be shooting at everything, whatever he was playing, the game was basically over. What happened? What happened? Mr. President, the game just ended, it just passed your screen, a little late now, so it's unbelievable on Saturday.

Finally, after, and this came out today as well, eight days, our government knew for eight days about this thing, and then just let it float across the continental US, up over missile facilities and things like that, and then you wait till it crosses the whole thing, and then you shoot it down. I'll talk about that tomorrow on the show, as well as earlier today I went to see, at the theater, the final two episodes of Chosen, season three, I want to talk about that tomorrow, but we'll set all that aside and spend our hour with our good friend David Fisher, Landmark Capital, LandmarkGold.com. David, how are you? I'm doing good, so maybe President Biden might say, oh, you mean I'm supposed to shoot the balloon?

Is that what this game's about? Hey, Joe, just think like you're back at the county fair when you're a wee little lad hanging out with all the Latino people in Delaware, and you go up to the game where you either shoot the balloon with the little BB gun, or you throw a dart at it, but the whole point, Joe, is to pop the balloon, but no, we'll wait till the eight days go by, and then we'll do it. Anyway, it's great to have you. It is the first full Monday of the month of February. Happy birthday a couple days ago to our daughter Amelia, who turned 25, and then we've got our son Clay, who's also a father.

He turns 22 on Valentine's Day, and then I turn later in the month, and so February's a big month. I didn't know it was a number. It is in my world, David, so you're a numbers guy. You're going to miss this one today. Just let it go. Anyway, first full Monday of the month, we spend the full hour with David. We always have a lot that builds up that we can only do so much with our Monday Monday updates, but I think it's coming up on our seventh year doing this, David, which is shocking to me. I can't believe that much time's gone by already. I'm like a disease, or no, I'm your best friend is what I am.

You're my dear brother in Christ, and whether you like me or not, you're stuck with me forever, so that's just the deal, but it's great to have you back as always. Well, we're not going to spend too much time on the Chinese balloon thing. I don't know. Do you think there's any kind of hidden meaning there?

Of course, I don't think the markets are going to react to that, but it certainly could, pun intended, balloon from there, depending on what we discover and what they discover if they release anything, but what are your thoughts on that? We've got a lot of things to talk about today. We do have a lot of things. I just want to briefly touch on this. This is just, why am I bringing this up?

Because we don't talk about politics usually. We don't talk about countries like this, but it's just another piece of the puzzle that says China is coming after the United States. They're going at us now, surveillance with military. We already knew that. This confirms that, whether they try to go after us financially with their digital currency, their gold-backed currency, the Yuan, where they sell dollars, they get other countries to join forces, this is just another piece of the puzzle that says China is playing the long game and they want to be the ruler of the world.

Yeah. That's plain and simple. So every time we look at anything we buy and it says made in China, David, we should probably be asking for the Lord to protect America and protect us from some of the ineptitude and our leadership. Yes, China is not our friend. That's why when an enemy state, and I don't have a problem calling China that, I'm sure they look at us that way, when an enemy state flies a low-level, slow-moving spying device across pretty much your entire country and you do nothing, you send a message to the world and the message is that the United States government sends, particularly the Biden administration, now ultimately affects people's trust and faith in America and that goes to our dollar and everything else. So while there may not be a direct, obvious financial link to what happened with this whole balloon thing from a geopolitical perspective, there certainly is, and that always filters down into dollars.

So there's that. Last week, Joe Biden, and he's doing his State of the Union address tomorrow night, David. And last week, boy, he sure is proud of the economy. He's talking about how bad it was when Trump was the president.

And then he's acting like everything is coming up roses right now. I saw a record number of Americans say they're worse off, according to an ABC News Washington Post poll. About 10% of Americans say they're in tougher financial situations since Biden's inauguration. He's saying the exact opposite.

He's acting like we've never had it so good. So what say you? Yeah, and that same poll said 16% said they're better off. The numbers for Trump were completely opposite.

So I saw the poll too. I don't think President Biden's going to mention that 57% of Americans can't afford a thousand dollar emergency expense. He's probably not going to mention that. He's probably not going to mention that 25% of millennials are living with their parents or having their parents pay their rent, mortgage, or utilities, or 19% of all Americans are asking subsidizing from family members because they can't make the bills. So I don't think we're going to hear that. I think we're going to hear exactly what you said. But I wouldn't pay attention to all of that because even though the CPI number, the inflation number, which tells us how high inflation is, which is high, not the highest, the 70s and 80s were higher, late 70s, but it's still high. The question is, is it under control?

And I don't think it's under control, but I think that's the picture he's going to say. But let's look at why that was. And I don't know if I mentioned this on your program or not, but the Biden administration dumped 250 million barrels from the strategic petroleum reserves here. That's what drove the price of oil down. That's why the CPI number came down 2%. But oil is moving back up and so is the cost of food. I don't know if you checked the price of meat here recently, but it's just off the charts. Meat is going up. There's indications that, yes, we're doing good in some ways, but there's also major indicators that prices are going to go up. When you look at copper, when you look at gasoline, when you look at oil, when you look at diesel, when you look at those, all the farming uses those products.

Just about anything you buy is connected to that. Therefore, I think we're going to see the CPI number not fall as much as people perceive it's going to. Who knows, it might even go up because we're not out of the woods yet.

Yeah. And then he was talking last week, and I'm sure he's going to trumpet this tomorrow night. He's like, hey, inflation's coming down. It's coming down every month since the last six months. But it's like, hey, yeah, the whole facility is on fire, but we've put out 20% of it. Yeah, but 80% of it's still on fire, sir. And inflation was at 1.2% when he came into office.

It's still over 6% now. There's a lot more to talk about. We'll be right back with David Fisher. Welcome back at Steve Noble, The Steve Noble Show. It is a full Monday Monday with our good friend David Fisher from Landmark Capital, landmarkgold.com. Nice to have a little cheery music there. Hopefully the weather's gotten a little better where you're at, a little better here, and a beautiful sunny day, but not always so sunny when we talk about finances and what's going on out there in the world and be ready for tomorrow night, which is going to be Joe Biden's State of the Union address. That's tomorrow, February 7th, 9 p.m. Eastern time. He's going to paint a very rosy picture. And so all the pain that you're experiencing at the pump, at the grocery stores and your bills, that's not real. What the president says is real. So just remember that tomorrow, that in fact, the emperor is not naked.

The emperor is dressed. And so you just need to buy along with what's going on there. But David, again, thanks for your time. It's always great to be with you. And yeah, he's going to act like this year is going to be wham bam.

Thank you, ma'am. It's going to be great. But nobody's really feeling that way. And like you mentioned, we were talking about the same poll. Only 16 percent of the people polled, and this was ABC, OK? It's not like this is a Fox News poll. Only 16 percent said that they're doing better, which means 84 percent of us are like, yeah, no, it's worse. Yeah.

Washington Post, they're pretty easy on President Biden and the whole Democrats. And so the poll is probably misconstrued a little bit of the real across the board what people are really facing. And so we're probably also going to mention we added 517,000 jobs here recently. Which was way more than the economists predicted, of course.

Yeah. And I want our country to do well. I want our our economy to flourish. But I want an economy that is not dependent upon government spending, and I want an economy that's not dependent upon creating debt out of thin air so that we can perpetuate a growing economy.

And I want an economy that doesn't rely on the Federal Reserve or other central banks around the world that has to buy our debt to make this thing work. We've gone down this rabbit hole that it's a dead end tunnel, that there's a wolf at the end of it, that it's just going to kill us. And so it's a misleading economy because the whole core fundamentals are thrown off. It's all debt driven.

And at the end of the day, you cannot survive over a long period of time with that type of an economy. And that's why we talk about here's the other side of things. Yeah, there's what you're being sold and then there's reality.

And those are always two different things. And when you have an economy that's being propped up by the government printing money, by the government fusing, they're just monkeying around with everything, OK? It's like the Wizard of Oz. It's this little dude behind the curtain that's really running the show. And there's so much that the government does that affects the economy. And that's why you have to be careful. You've got to walk into all this very cynical and not trust anything completely.

You've got to look at different news sources, do a little of your own homework. And then plus, there's the reality of everybody, both on Facebook Live and on Rumble today, David. Everybody's like, yep, groceries and gas for the most part. But all of us groceries, I mean, 30, 40 percent higher than last year. So we know the reality. So don't buy.

But it'll be entertaining tomorrow night to watch that. So last Wednesday, the Fed raised rates. The market's obviously saying that's wrong and the Fed needs to pivot. They need to start lowering rates. But the Fed obviously doesn't seem too interested in following the market in that. So what's going on there and why is the market so adamant about it?

So this is the story that we heard all last year, like six or seven times, maybe eight times. And each time the market said this, the Fed came back with roaring force and said, you guys got it wrong. We have to keep raising rates until inflation is under control. So the reason the market doesn't like it is because raising rates is not good for the stocks.

Look what happened last year. They raised rates from a quarter of a point to four and a half percent. And the market was down 10 percent to 34 percent, depending on which index you're talking about. So it's not good for stocks versus lower interest rates since 2008 until 2020 have spurred the market on. And that was really good for the market, low interest rates with a lot of Fed printing of money called quantitative easing and government spending. That was really good for stocks.

That was really good for gold and silver. It was really good for real estate. But now we're in this different environment. We're paying the price of all that because it piled up on us post-COVID when they sent out this enormous amounts of funding that the government did to the consumer and businesses. So the market is saying, don't do this because the market doesn't like that. And here's some of the market prognosticators, Mike Wilson, who's worked for Morgan Stanley, and he's been moving against the verbiage that most of Wall Street has been saying. He's been saying the market's going to go down and he's been spot on. He's saying, again, the market is going to fall another 20%.

Just saying this here in the last two weeks. Paul Singer, billionaire hedge fund manager, he joined in the club last week and he said, the bear market isn't over and that a drop of 20% is likely not enough. He said the valuations of the market is higher today than before the crash of 1929 and before the crash of the dot-com bubble era of 2000. So just be careful because the market may dictate all it wants to dictate, but it's also overvalued by the metrics that billionaires are using and hedge fund managers and people who run big companies like Morgan Stanley. In fact, a side note, there was an $80 million bet put in the market last week. It's against the Fed. Betting on interest rates are going to come down, will cut below 4.2% by the year end. So they're saying, this is actually public knowledge, it was put out by secure overnight financing rate or so far. And it's a $80 million bet that if the Fed lowers rates this year to 2.5%, the return of profit margin will be $400 million. There's people out there that are adamant that believe the Fed is going to reverse pivot. And the reason they believe this, because every single time a country or our country has got in this financial predicament, they've always had to pivot because they can't keep rates so high and pay this interest on the debt now is $1.2 trillion.

Just four years ago, it was $440 billion. So it's changed the landscape of financing our debt. And so traders know that there's going to be this, somebody is going to give in, either their dollar is going to give in, the government is going to give in, there's going to go bust or the Fed will have to give in. And the Fed doesn't want to let the government go bust. So that's why they're saying, based upon history, the Fed is going to give. They're putting an $80 million bet against us. I just can't even fathom that to see who's right.

Yeah, pretty remarkable to watch this happening. And of course, you always have to remember, people in the market want the market to go up. And most of them, that's how they make their money.

And so the Fed, the market's not going to go up unless the Fed starts cutting rates. But all of that is irresponsible. It's all about making money now. It's not about the ultimate financial stability of the nation or you and me. It's all about people making money that are quite a bit up the food chain.

And I'm not trying to sound like a Marxist or a socialist because I'm not. I'm just talking about the realities of what's going on out there. Set up real quick for us, and then we'll dive into this more, the kind of the new white paper, the good, the bad, and the ugly, which you can get at David's website. We'll talk about that, too.

But just set that up. What are we going to talk about when we come back? We're going to go right to the ugly part. We can briefly mention the good and the bad, and then we'll go right into the ugly and why and how might trigger some of the ugliness.

I don't want to be a doomsdayer, but there's too many components out there that I'm seeing here. We'll talk about that on the other side of the break, as well as a word you haven't heard in a while, perhaps, derivatives. We'll be right back. I woke up this morning, and I heard the news.

I know the pain of a heart attack. So I'll probably just punt that week, and then we'll fit it in the week after that. I'll talk to you about it before we get there.

Welcome back. It's Steve Noble, The Steve Noble Show, a full money Monday today with our good friend David Fisher from Landmark Capital, his website, landmarkgold.com, as always, and I got my hands on David's brand new white paper, The Good, the Bad, and the Ugly, which he's going to tell you how you can get a copy of it. Don't let this intimidate you. It's actually pretty easy to read, very simple, readable English. It's not 50,000 acronyms in a bunch of terms you don't know. It's very well written in plain language, so very informative, just eight pages.

But the title of it, of course, The Good, the Bad, and the Ugly, David. So let's start with that, and what good can there possibly be because there hasn't been a lot of good news, at least in the last year or so. If this guy that's spending $80 million is right, the Fed does pivot. That's going to be good, but not necessarily in some aspect, because what are we good for the market?

Right. Stocks would love it. We'd see a massive stock market rally.

So that would be good. Wouldn't change the economy, wouldn't change spending, wouldn't change taking care of our debt, but we would have a good rally in an asset class that a lot of us have money in. We'd also have an incredible rally in gold and silver. Last time the Fed pivoted in 2009, and they did this thing called quantitative easing, gold rallied, real estate rallied, well, real estate popped, and then it rallied. And then stocks popped, and then they rallied.

Gold outperformed the stock market by a two to one ratio in its rallying. So if the Fed pivots, it will be good for probably these three assets, real estate, stocks, and precious metals, and probably in that order, precious metals being at the top, because that's what happened last time. I don't think the Fed's going to pivot, though.

Not the whole year. They've said it too many times. They don't want to take a chance. They have to get inflation under control. They're unanimous. They've lost their integrity.

It's in question. And 100% of the Fed board is saying we're not going to lower rates this year no matter what. So if the Fed is consistent in what they're saying, and they follow through, which they're not always, and they don't pivot, and they keep raising rates or keep rates high, that means it could be bad.

It was bad. Last year, they did this, and markets were down 10% to 34%. And the gold physical markets went up, gold and silver went up 10% to 21%. So that was a hedge against those things.

That's why you want to have some diversification in your portfolio. If this thing gets ugly, and it might not get ugly this year, although it could, but 2024, the International Monetary Fund says the world is going to retract, and it's going to be a full global recession. So either this year or next year, it could get really ugly. But I'm not referring to a recession as just one thing. They're coming out with this Fed digital currency this year more than likely.

That could get really ugly. There's this fight with Saudi Arabia no longer selling oil only in dollars, selling it in won, selling in rubles, selling in whatever currency they want to take payment in. So the dollar is getting kicked off the pedestal. That could get really ugly in financing or debt, especially if the Fed doesn't pivot and lowers rates.

It keeps escalating them. The other thing that could make it really ugly is that if the derivative market, which is what brought down the whole financial system in 2008, that was derivatives. A derivative is just a financial instrument that is a legal bet on Wall Street that is usually tied into interest rates, just like this gentleman is betting $80 million and then interest rate bet. Yeah, derivative is a created instrument, an investment opportunity that they did back, especially with the real estate world and when that all collapsed in 2008.

Part of that was because the derivatives, because they were selling debt on the debt on the debt. I mean, everybody's doubling down. Exactly. Okay. So should we talk about derivatives? Sure.

Yeah, because that's a big deal. Right now, there's 1.2 quadrillion, not trillion, quadrillion, 1.2 quadrillion, that's a big number of derivatives in the world, in banks. Most of these derivatives are tied to bets on interest rates. So if Bank of America is betting, I'm just using this as an example, Bank of America is betting that rates are going to go up, Deutsche Bank bets that rates are going to go down. They both bet, they both put up money, they both buy this thing called a security call the derivative, and other banks bet on top of those bets, and other banks bet on top of those bets. That's why it's the domino chain, like what happened in 2008, it was just systemic and just dominoed everything, and somebody's going to lose because they're betting opposite.

There's always, it's like there's a winner and a loser in this bet. Just like when you buy a stock, somebody loses money when you buy a stock, if you make money in that stock, somebody's betting against it. Well, this is a bigger thing because it's leverage money, and the cryptocurrency market here, FTX, is a prime example of leverage money. Again, so leverage money is not like this weird, weird platypus thing that, you know, the platypus was an animal, it was fake, what do you mean this thing looks like a beaver and it's a duck at the same time, and they said it was fake until it came out. No, it was a real thing, and derivatives were a real thing, and they still are a real problem. So in 2008, the derivative market was $84 trillion, but it leveraged up to $684 trillion. That's why it brought down Bear Stearns, Lehman Brothers, and 220 some US banks they went under. There was not enough money in the government to bail them all out.

That's why we have the bail-in, by the way. That's a whole other problem that we could see with the FDIC meeting. We really are going to take your money.

Watch the video at my website. But putting this into perspective, in 2001, the derivative market was only $227 trillion, not $684 trillion. So right now, $50 trillion of derivatives is held by JP Morgan alone. That's a lot of money at one financial institution. So we talk about this too big to fail. $50 trillion, if people bet against them, they would not have enough money to bail themselves out.

No. They'd be gone. So the global market mafia, financial mafia, is the Bank of International Settlements. They're in Basel, Switzerland, who basically rules the banking on the planet. They have structured something to protect banks from being taken down from this derivative exposure. That's where this thing called the bail-in came from.

They put it together. The Bank of International Settlements because of what happened in the derivative market. So what's happening is they're reinforcing once again that this bail-in, and we're seeing it from all the agencies, the FDIC, that who knows, I've done so much extensive research, it's like the derivative market has gotten so big, they can't even fathom how big it is right now.

But it is much bigger than 2008. And yes, banks have more money that they got to fall back on. But again, JP Morgan does not have $50 trillion, but they have $50 trillion in derivatives.

It's not enough money. If they went under, we would see a significant domino effect. So we're not counting out this whole banking thing, because with interest rates high now, it's harder for banks to make money. So therefore, how they make most of their money in derivatives. So who knows, the derivative market could turn into an implosion.

Yeah, it's really amazing. You have to keep your eyes on that. And again, all these people out there just trying to figure out ways to make money, whether the market's going up or down sideways interest rates. And so they create these little tools, in this case, derivatives. And they're all over the place, and they're all continuing to figure out a way to make money on the market, regardless of which way it goes.

But it always comes with a price, and we saw that in 2008, and it looks like the potential is there. When it's a bail-in, everybody, bail-out, the government's got enough money to deal with it. When it's a bail-in, they have to go outside of themselves, and a bigger source of money is yours and mine, collectively, on a nationwide basis. That's happened 12-plus times around the world, and the government is set up for that, because that's the video. We played that video before, David, a few weeks back. And that's on your YouTube page, right, of members of, was it the FDIC actually talking about the bail-in? This is from the November, here's what it looks like. It's from the November meeting, because the December meeting is public. The whole two hours of the meeting is, you can watch it on YouTube.

The October meeting, you can watch the whole two hours on YouTube, but the November meeting got yanked. Somebody took a three-and-a-half-minute videotape of it, because the very essence of that videotape, they're debating, should we let the public know there's a bail-in? Should we not let them know? And all the questions, and I don't know if we should let them know, because if there's a problem with my insurance company, they're going to let me know.

All I know is I just want them to pay my claim. So that's telling us that there is a problem. There is not enough money at the FDIC for the board members of the FDIC telling us, should we let the public know that this is a problem or not? And then the other board member says, well, they need to know that there's going to be, that there is a bail-in, and there's going to be one.

I'm paraphrasing, but go to my website, landmarkold.com, click on the television icon, and you can watch the three-and-a-half-minute video. It's the most startling thing I've seen. I thought we were going to, somebody asked me, hey, David, off the record, do you really think there's going to be a bail-in?

This last week somebody asked me that, and I said, well, on or off the record, it's still the same answer. Right. Yeah. Yeah, and they were talking about it. Yep.

And the thing that was really, and we're up against the break, the thing that's really disturbing about that video, and I'll put a link up on the Facebook Live and Rumble Feeds here in a minute, is how little they think of us, the plebeians. We'll be right back with David Fisher. Welcome back.

It's Steve Noble, The Steve Noble Show. It's good to be with you a full Money Monday with our good friend David Fisher today. Landmark Capital, landmarkold.com, as always, and we were working our way through David's most recent white paper, which is about eight pages, but don't let that scare you. It's very easy to read. If I can read it, you can read it. Eight pages, the good, the bad, and the ugly.

David, if people want to read through that for themselves, which I would strongly encourage everybody just to read that to educate yourself. People perish for lack of wisdom and knowledge, so if people want to get that paper, how do they do it? A simple way.

Give us a call, 844-604-2575, and although you're probably not expecting a phone number, so I'll say it again, 844-604-2575, or they can go to our website, landmarkgold.com. It is, in the history of 28 years of all the writings I've done, is probably the most simplest understood writing, and that's the backdrop on why I wrote it, because this is such an important outlook on where, because we're having so many things thrown at it this year that we've never had before. Very complicated. One of the things we started talking about this last year, and they're moving pretty quick on this, is the Fed digital dollar. So help us understand what's the Fed digital dollar. Is that basically like another cryptocurrency type thing, and are they going to launch it? How big could that be just even this year? We don't know a whole lot as far as when they're going to launch it.

Will it be a full launch? Will we do away with paper money? I had a lady who's a believer came up to me and says, hey, you're that, over the weekend on Sunday, hey, you're that gold guy, aren't you? Yeah. I heard about you. Yes, I'm that guy. That's how they put me.

Connect me in the church, and they found out I was that guy. Anyway, so I was saying, she was asking me, I kind of know about this digital currency. Tell me everything you know.

I said, well, there's not a whole lot, but I'm going to summarize it in a few sentences. So it's a central bank digital currency. It would be directly issued by the Federal Reserve. We don't know how far this would go, Steve.

This is what I was telling this very nicely. There's some people out there saying, the extremists are saying, you won't have your bank account anymore. There won't be any paper money anymore. This could be the mark of the beast, and all these things that are really extreme things, and I kind of brought her down from the cliff, and I said, listen, I don't believe any of those things.

I mean, I believe the mark of beasts is real. I believe they could do these things, but I don't think they're going to do it like yesterday. You could use your paper money today. You can't, and now you have to use Fed digital currency.

I think there's going to be a transition. Maybe I'm just naive. Maybe I'm too trustworthy.

Maybe I'm too conservative, farm boy. But it didn't work this way in China. They did not turn off the spigot one day where you could not have paper money the next day. In fact, the Chinese have a digital currency out, but they also use paper money. China people still have their bank account.

It didn't get taken over, and they're communist. We are not. So this is why I don't think our country is going to go that far. But eventually, we will be in a cashless society. We might have all the banking under one centralized bank called the Federal Reserve, and realistically, there is no real reason to launch a digital currency. Transactions are fast enough.

They're fast and safe enough. So this is not about safety or how quick the transaction is being applied. But that's why they're saying this. I think they're just trying to compete with the other cryptocurrencies because the Constitution says only the government has the right to coin money, and a cryptocurrency is now being used as money. So the Fed says if they're going to do that, I got to do it with a digital currency.

But who knows? This could be the ultimate Hail Mary pass of where the dollar's falling apart, we can't finance our debt, and who comes to the rescue? The Fed with a digital currency, and they take over the whole system and control the whole thing. I wouldn't put it that too far that that could actually be the underlying reason for all of this.

No, not at all. In that whole description, and thank you for that, David, was the C word, which is not coin, it's control. And ultimately, the Fed as we – David and I were talking on the break as I pulled up the, you want to have a great app on your phone if you ever really want to get really depressed, just get the U.S. debt clock app on your phone, and up at the top, you'll see right now 31 trillion, 538 billion, 41 million, and it goes up 100,000 about every four seconds. But if you go down to the bottom, then you see U.S. unfunded liabilities. These are out over the next 50 years, and right now, it's 181 trillion unfunded liabilities plus the 31.5 that we already have. And then you go, okay, that becomes untenable, absolutely untenable.

You can't even afford the interest rates. So what's the Fed going to do? How do they – now you've just got to take control of everything, and if you have a digital currency, well, then they control everything. So if they need to dip into their people, that would be a bail-in, and say, okay, listen, either we do this or we all go under. And then most people, like out of fear, just like we saw with COVID, they say, fine, I'll put on the mask, fine, I won't go out, fine, as long as we're going to survive, then go ahead, I understand the digital dollar, and then they just get more control. I mean, it starts to sound wacky, but not really.

We've all seen enough in the last five years. Nobody should be thinking this sounds like a conspiracy theory, because it isn't, and they're actually working on it. It's the platypus thing. Right. Sounds wacky, but it's real.

But it's real. And that's where we're going. And that's where we're going.

So we'll keep talking about that and keeping an eye on that, thank you, as always. Gold and silver, we exchanged some information over the weekend about the central bank and all the big boys buying gold last year. It was really a shocking number.

Yeah, 1,136 tons. So let me put this, that's how much central banks added to their gold holdings just last year. That's about $70 billion. This is, according to the World Gold Council, their report, this is by far the most central banks have bought any given year, last year, they bought more gold than any given year going all the way back 55 years to 1967.

So this says, this is a huge thing. That's why you saw gold run up here in the last month and a half of the year. Because in December, China bought 100 tons of gold, China alone. They bought other gold purchases during the year. Turkey bought some gold, Egypt, Quatar bought some gold. But about two thirds of the gold bought by central banks last year were not publicly reported. So the 1,136 tons of gold, that's a publicly reported number. But there's two thirds more purchases out there is speculated above that miraculously highest number in history, which, bottom line, this tells us, and one more thing before the bottom line, it doesn't mention the United States buying any gold.

Yeah, how about that? In fact, for decades, all the World Gold Report Council, all the World Gold Council reports, the United States hasn't bought any gold. So this tells us, what did they had to do? Sell dollars, but they bought gold. They're moving away from the dollar. World central banks are moving aggressively away from the dollar and aggressively towards gold. When they do this in droves, and they do it in more movement, in other words, more purchases than normal, usually, historically, this has told us that there's a big financial problem coming. So they have an innate way of depicting the future.

Yeah. In 2005, 2006, and 2007, they bought enormous amounts of gold. Like what happened in 2008, we had bank problems, we had global financial problems.

They're doing the same thing in 2018, 19, and 20, 20 was a hiccup because of COVID, but 21 and 22, it just kept ramping up. So this is telling us that central banks are saying there's going to be a big financial problem coming here. They're betting with your money. And that's why you need to be a good steward saying that the biggest money in the world is doing this.

It might be a good idea to look into some gold and silver. Well, if we didn't have a radio and television and the internet, and all of a sudden you found out that people all up and down the east coast of Florida are putting plywood over their windows, I'd be like, oh, there must be a hurricane coming. That's why they're boarding up. And so when you see this type of movement and this type of purchasing of gold by some of the largest entities on the planet, that tells you they're preparing. They have decided, they discern that there's a storm coming and it's better to be safe than not. And so that's a big thing.

That's why you bring that up all the time. Some of the biggest hedge fund managers, some of the biggest names out there, some of the biggest investors, central banks, you've got to watch what they're doing because generally they see the storms on the horizon before your average person. And so when people ask me these questions all the time, and I know they end up calling you and talking to you, it's like, where do I get started? I don't know anything about it. It sounds like it makes sense, but I don't understand all the ins and outs of precious metals.

What's the process generally for somebody that's trying to get educated? So we're big on ABCs, just like we wrote that white paper, The Good and the Bad Ugly. We have other pieces of literature that specifically explain gold and silver, and there's various different types and it goes over those different types. And then the person will have questions and then we interact with them and help them understand and educate them on the various different types, the benefits, the drawback, and the person gets to choose A, first of all, if they want to invest in gold and silver, B, if they want to do this with their IRA or 401k or over the counter, or C, what kind of gold or silver would they want to invest in? So it's a full blown, this is where we call it the financial blueprint. So just like you wouldn't build a home without a plan, don't invest without one either. So that's why you take care of your money now, it'll be there to take care of you. These are all our sayings and slogans, but we help people understand and there's never pressure know any harboring people to hurry up and do this, none of that nonsense. Educate you and then you pray about it, get educated, make a decision and respect the decision, which is how we should all be doing business, especially when we name the name of Christ for ourselves and claim that ambassadorship. So if people want to follow up on that, David, how do they do it?

Just like the old fashioned way, pick up the phone, give us a call, 844-604-2575, again the number 844-604-2575 or our website landmarkgold.com. Awesome. As always, David, thanks so much. Stay right there. I'll pray with you when we finish up here on the radio, but God willing, I'll talk to you guys again real soon. And like my dad always used to say, ever forward. Peace out.