Banks are Collapsing?!

The following program is recorded content created by Truth Network. Welcome back. Hope you had a good weekend. I'm very busy with the Noble family. I need a break from my break apparently. But it's good to be back.

Hope you had a good weekend and we are going to roll into a full money Monday here. We're trying to get David connected with Zoom. Well, now we got Zoom there. We'll try Zoom. Let's see if we can get him on Zoom. You got him there on Zoom, Josh? If I can get this bug from flying around in my face.

That's never good during a live show when you got a bug flying around. Do we have David? I see David. I have you on Zoom. Oh, now I can see you. I can hear you.

I think he's switching headphones. There we go. There you go. Zoom after all.

Hey buddy, how are you doing? Good. So your Zoom just decided to update, correct? That's crazy. Don't you love that?

Hey, we're going to go live now and Zoom updating to version 5 point whatever. It's good to see you. How are you doing? I'm doing great, my brother.

That's good to hear. And we have a busy day ahead of us and a lot going on. I mean, it was pretty wild on Friday. I mean, the up 700 points, it gave some of that back today down 200 points. But it's great to have you here.

Thanks for coming. But what in the world was going on on Friday? That was crazy. Well, most of it, some of it was a job report that we added 339,000 jobs, more than expected. And most of those jobs were foreign jobs, by the way, which kind of makes you wonder what's going on with the Americans here, citizens. But most of the increase of the 700 points, Steve, was because the uncertainty of the debt ceiling deal was hanging there. And then they finally came to vote and passed it. So then the market says, oh, no more uncertainty. Let's go up and let's rally on that one day. It was the biggest rally in the Dow all year long.

So that was a nice thing to see. I'm getting a lot of questions, though, from people that call into our company from various radio talk shows, because I'm on multiple programs. Why aren't stocks breaking down? So I thought we could actually talk about that, too.

Because my clients aren't anti-stock, just like you're not and I'm not. Right. But they're thinking, hey, they've been talking about a recession, talking about a recession, talking about a recession.

It's not quite here yet. So the answer to this is really simple, the government. So you have the Fed fighting inflation, but the government is not. The government is doing the opposite. And this is what Jerome Powell said about three months ago before Congress. He said the government needs to stop spending, I'm paraphrasing, because that causes inflation. So the Fed has been raising rates. They're now engaging in a thing called quantitative tightening for the most part, although I have another report out today that they said something different recently.

But they're trying to get inflation under control, but the government's doing the opposite. They're running a two plus trillion dollar deficit, spending deficit, despite record tax, recording of tax revenue coming in. So the expected revenue should be more than enough to pay for our spending, but our spending's out of control. We're going to be at 6.3 trillion dollars is the estimate.

But Uncle Sam isn't helping out in the spending and there's like there's no like there's no tomorrow. And so it's also happening on the state, local and county level. Check this number out, 50 states, 2.1 or excuse me, 1.2 trillion dollars in 2023. That's a 6.7% increase from last year. And last year was a 10% increase from 2021. And 2021 was the largest in history. So we're spinning through the roof on a federal and state and local level.

This is highly inflationary and the Fed's trying to tame inflation, but the market likes this throwing money into the system and that's what's causing the market to do some of these rallies short term. So are the Fed versus the federal government? Is it Hatfields and McCoys?

Are they just firing back across the same field at each other and they're pulling in opposite directions? That's what it seems like is going on there. Great analogy. I'll have to use that.

I'm doing it on the radio in Denver. I'm going to use that. Thank you so much.

You're welcome. And that's what it seems because the Fed's like, oh, we've got to keep the rates down. We've got to fight inflation. But yet the federal government just continues to spend more just like with the pseudo debt deal, which I know we'll talk about some and we'll unpack some of that and all the money that's just going down the toilet.

But they're literally pulling in opposite directions. So it's not helping. This is what Jerome Powell said three months ago, what he said five months ago.

He said this a year ago. It's the thing that the Fed is saying. It's almost like the Fed wants to get away with what they're doing and pointing their fingers at the government. But they're both guilty of this. But now the Fed's trying to reel in inflation.

The government's certainly not doing any of that. I heard talk the other day that based on what's going on, would they actually consider another interest rate hike this summer? Yeah. There's a very strong possibility that there will be one more. And then it might be what you call one and done. And then historically three months later, the turn happens or the reversal, the pivot. And then they start lowering interest rates. And then we're going to have quantitative easing. That's where we're headed. We will have quantitative easing.

We're going to talk about later that in the program and see how that affects everything. But yeah, that's where we're headed. So with the Dow Jones obviously not having a great year. It's right around even right now, year to date. But the NASDAQ, however, has really had a strong year. I mean, year to date, the NASDAQ's up 26%.

Any interesting things going on there? That's just the tech sector. I know companies like Nvidia took off, but NASDAQ, it's totally different than the Dow. So it's about eight companies in the NASDAQ. We're talking Apple, Microsoft, the big tech companies, Facebook. This is not what you call a broad-width market. It's very narrow right now. So even though the numbers like in the NASDAQ, it's up 26.5% to be exact, everybody's like, wow, maybe I'll pour some money into tech stocks. Well, you got to pour it into the certain ones because there's a lot of tech stocks that are not going up. Yeah, it's not broad base.

It's just a few here and there, but they're big enough that you see that kind of movement. We've got a lot to talk about today. We've got the banks, debt limit, crazy things the government's spending money on. We'll be right back. Welcome back. It's Steve Noble, The Steve Noble Show. It is the first Monday in June, Monday, June 5th. So we're doing a full money Monday conversation with our good friend David Fisher from Landmark Capital.

His website, as always, landmarkgold.com, landmarkgold.com. Been talking about the Dow Jones a little bit, which went crazy on Friday, gave some of that couple hundred points of that back today, 700 on Friday. And then people thinking things are and thinking in the shallow end of the pool, by the way, that they cut the debt deal last week. We averted that disaster, not realizing that that was just a tiny little rock that the big meteor is still out there in space flying right at us.

But most people live pretty myopic lives. And so we don't really think about what's going to be happening on down the road. And so there was that little bump on Friday. And then also mentioned the NASDAQ, which is flying high this year. But that's just because of a few of the big stocks, which can change the direction of the whole thing. But it's not that easy to find stock winners this year so far. And so that's a challenge.

And like you said, David, we're never on the shelf. We've been anti-stock. We're pro-diversity, pro-diversification of your holdings for your retirement, for your future.

So you got to be careful with that. And that's why we talk about all these different things, including the banks and what's been going on with the banks, which has certainly had an impact on the stock market and has concerned quite a bit of people. But any important updates on the banking situation? As you know, I've been saying on your program week after week, all these outflows of the money, billions and billions of dollars coming out of banks, mostly regional banks and some small banks going into the large banks. So the Fed has done a number here. The Fed engaged what I call a shocking seasonable adjustments.

They converted a little over $28 billion, $28.4 billion, came out of small and large domestic banks, mostly regional banks. The Fed reported this. But then they came out and said there's been an inflow of $102 billion of inflow.

So let's put this in perspective. A non-seasonally adjusted deposit is an actual flow of money versus a seasonally adjusted deposit isn't not a real asset yet until we look back and they do the final adjustment. So the Fed has been kind of, I call it, putting a fog on the banking crisis situation, pulled all over our head, depositors, investors. And recently, the Fed balance sheet jumped a record.

I'm not referring to the general balance sheet. I'm referring to the Fed bank term funding program, which is the emergency money of cash to bail out banks. That sector of the balance sheet of the Fed spiked. And so this money that moved outflow of the banks, funneled through the Fed into the deposits of other banks, they used and hypothecated that and made through the fraction reserve 10 times more money. They can do as much as that.

They didn't do quite that. And now they're saying this, all this inflow is happening in this bank. And the Fed has just moved that money towards the emergency fund for banks that could be in trouble to bail them out. They will have some funding and they use these withdrawals of the deposits, the ones that went into other banks, they use that as an asset to fund this program. So obviously, that's a shell game in and of itself.

That's exactly what I was just about to say. And the Wall Street Journal kind of confirmed this by saying the regulators, US regulators, are going to tighten the rules now for large capitalization of banks. They're going to require more capitalization, as much as 20%, which is a huge number. Most banks have less than 10%. So they're going to more than double the amount of capitalization that big banks are required. Why?

Because this confirms what we've been talking about. The FDIC doesn't have any money. The FDIC did this special assessment fee, like we said here a few weeks ago, where they're requiring big banks like JP Morgan would pay $1.3 billion into the FDIC, a total of $50 billion to fund the FDIC so they can bail out the banks that are in trouble. So this program here that they're talking about that we're going to probably see next month come out with the Fed regulators, and Congress will probably vote on this, I would say. I'm speculating, or future here now, that they're going to require more funding, as much as 20% capitalization of all large banks, because obviously we have an underfunding problem in the whole banking sector. So this confirms exactly what I said. You're going to see big banks buy out small banks, and they're going to have the money to do that. So this thing is going to probably pass Congress.

Yeah. And it just continues to kind of boggle the mind. And again, so much of what they do, whether we're talking about the banking crisis, the Fed, them playing with the interest rates, messing around with the dollar, so much of this is just driven by the reality of politics.

They're always facing the next election. They try to massage things and make it. They don't, like we did with the one video that's up on your YouTube channel, you know, they don't want the public to be fully informed. Transparency. Anytime anybody says anything in Washington, D.C. about transparency, it's just a lie. That's a joke.

They're just throwing you a little thing on. Tell the plebeians that we're going to be the most transparent executive branch in the history of the country. Yeah, whatever. They're always lying.

They're not transparent ever. Let's jump over to this deal from last week. Some people are saying that raising the debt ceiling caused what some people are calling fake spending cuts. So what are your thoughts on that? Because you raised the debt ceiling and, oh, it's not going to go up as high as we thought. And so it looks like a spending cut. But that looks to me like it's kind of fake that they're playing with the numbers again.

But what are your thoughts on what actually happened as a result of this bill? There's three groups. President Biden is in group number one. He said I'll do the Congressional Budget Office first because they got the largest number. The Congressional Budget Office said, Steve, that we're going to reduce spending by one point five trillion dollars over the next 10 years.

They've said these things before. And yet the national debt just keeps ballooning. So I don't know if that numbers is really right. President Biden was a little bit more conservative on on his speech on Friday. He said we're going to save a trillion or a trillion dollars over the next 10 years. So he's about a half a trillion dollars more conservative than the CBO. Then there's a whole nother group of people like Goldman Sachs says this is point one to point two percent spending reduction the first year.

And then 2024 and 2025, we're going to have massive spending. Mike Lee, representative of Utah, he said it's just a huge spending bill. Rand Paul said this is just fake fake spending cuts.

It's not even close. I mean, I could go on and on through the the congressional people that I highly respect, not in everything, but at least when it comes to the spending of the government. I think they're spot on on this on this topic here, you know, which is totally against the Speaker of the House.

He said it's the largest spending cut in Congress we've ever voted for and hint in history. So there's no way the federal government, Steve, can contain this. They're spending they love to spend their spending limits.

I think are going to go through the roof. Congress has the goal to call this bill the Fiscal Responsibility Act of 2023. And yet the truth is, if the government was held accountable for false advertising, this is false advertising standards. Let's keep our eye on the big picture. The deficit problem was here long before all this.

In 2019, in the Trump administration, we ran a $984 billion deficit, the fifth largest at the time. Yep. We are now six months into this fiscal year, the Treasury announced we're at $1.1 trillion. Six months in.

Yeah. So we're going to hold that thought. We're up against a break. We're going to keep talking about the insanity of our debt.

Does it really matter? What about unfunded liabilities in the future? We'll be right back. And now today's pathway minute with Dr. Robert Jeffress. 2000 years ago, Jesus told us that he's coming back to this earth one day to right every wrong, to establish his kingdom, to reward the righteous, to punish the unrighteous. He said, behold, I am coming quickly. And yet he hasn't come yet. And we wait and we wait and we wait. With all of the global racial, political unrest and division in our country, it's hard to wait.

But don't forget this. With God, a promise delayed is not a promise denied. Jesus is coming back on that glorious day. That is a promise that has been made and will be kept by God himself.

Pathway Minute is produced by Pathway to Victory. To access the Bible teaching of Dr. Robert Jeffress, go to ptv.org. Welcome back. It's Steve Noble, The Steve Noble Show here with David Fisher today from Landmark Capital, landmarkgold.com. It's his website, as always, landmarkgold.com, doing a Full Money Monday, talking about some of these ridiculous spending going on in DC. This is what we're talking about right now. And then we're going to talk about the latest in gold and silver markets and what's happening there relative to the broader market. But this isn't so much about the here and the now in terms of the amount of money going into these grants and these contracts with countries like Russia and China.

It's the fact that we do it at all. But over the course of time, 10, 20, 30 years, all these billion here and a billion there, that adds up. And the next thing you know, we're 31, about 31 and a half trillion dollars in debt.

And it really was, as you mentioned earlier, David, kind of the frog in the pot. But it has sped up massively since the Bush 43 administration. That's where you get a hockey stick graph where the amount of federal debt is just skyrocketing. It looks like a SpaceX rocket.

It's just going along and then goes straight up, which is exactly what's going on. But you had some specifics here. I think this was representative Joni Ernst that was finding this. But just to give us an idea of how ridiculous this is, what are some of these details?

Oh, yeah. And also that chart that you're referring to, I have that chart in my white paper called The Coming Bail-In. It talks about the debt that's ballooned. So if you call my company and get the white paper, you'll see the chart that Steve is referring to.

Yeah, The Coming Bail-In. So Joni Ernst, a Republican, and opened the books, an independent watchdog on the government, found $1.3 billion. $490 was in US grants paid to the Chinese and $870 million paid to the Russian entities. I'm not going to go through every penny, but here's some of the nonsense. $100,000 might not seem much. $100,000 is a lot of money to you and I.

Sure. But this was paid to a Chinese organization out of Beijing under the State Department grant. So in other words, it doesn't come directly to this organization. It's funneled through this, all these series of organizations.

But when you finally track the crumbs, you see where the end of the trail is. The end of the trail is there's a New York magazine that does cartoons and it's a gender equality magazine. This is in China.

And in 2021, they increased awareness for gender equality and women empowerment through an exhibition of works by women cartoonists called the New Yorker Magazine in China. So there was $100,000 given to that. $51.6 million in a grant to the Department of Defense, which resulted in a $6 million funding to China, a tech firm providing money for the deployment, distribution, command of software for the US military. So we wonder, all they have to do is put spyware in there.

Is she ever ridiculous? China providing software to the US military. Right.

No problem. Well, yeah, there's this debate over food lunches here in the United States and there's the Chinese food producer was awarded $1.6 million by the Department of Agriculture for a national school lunch program. China got paid that money, not the United States company. $4.2 million in addition from Health Human Services program at the government. Under that program, $770,000 was paid to a institution in St. Petersburg, Russia, called the Pavlov Institution, which is a state-run lab to experiment cats running on treadmills. I'm glad you brought that up, David, because we don't have enough information and data from cats running on treadmills, especially Russian cats. I mean, that has to have an influence on what's happening in Ukraine.

Yes. Speaking of Ukraine, the federal government wired $4.7 million to a Russian company for health insurance. We bought health insurance for the Russians. The company is called the PAO, and I can't pronounce the last name. It's a very long search for it.

Rogosiktrov or something like that. It's an insurance company that was sanctioned by the Treasury Department amid the Korean invasion in 2022. We funneled $4.7 million there. And also, we granted $1.45 million to a grant in Russia for COVID pandemic virus tracking.

So, there's more to it. It's just sickening that we just keep talking about it. $1.3 billion, and that's just the iceberg, according to the General Accounting Office. Yeah, and that stuff going to our enemies, not to mention all the wasted money that happens with pork barrel spending all over this country in all 50 states from both sides of the aisle. They're all earmarking stuff all the time.

It's really disgusting. Let's switch. Let's set that aside just so we can breathe and go to gold and silver. What's going on in the latest news with gold and silver markets? So, obviously, there's a financial problem happening, and Ray Dallow, he's a billionaire hedge fund manager. I've quoted him before. He chimed in on this whole debt ceiling, and he's advocating you got to diversify into gold. He is saying that there's no way we're going to get out of this now. He's a guy who studies history and currencies.

That's his forte. He shifted from being a fund manager to now he's getting the word out. He has multiple videos saying we're headed towards the financial calamity, and he came out and he says how all reserve currencies end.

They end because their debt is unmanageable, and they're ignoring this problem, and he says our country is right here right now. Central banks now are buying the most amount of gold. I've said this report before. It also came out again, another report that's saying the highest they've been buying ever since the 1950s.

Wow. Doug Romshaw, he's not a gold guy who owns a gold company. He's just an analyst, and he's talking about the outlook on gold in an interview. He says now we got inflation. Why isn't gold moving?

Romshaw was asked this, and his answer was it's the strength of the U.S. dollar is a significant headwind right now for gold, but that's the last remaining headwind. He says I think 2023 offers far brighter outlook for gold than 2022. Gold went up 20%, 19-something percent, 19.6% in last year, and he's saying the movement in gold is going to be better this year.

We're up 6.8%, so he's expecting a bigger move at the end of this year. I'll quote the ending, the last quote, a guy named Rick Rule. I've quoted him before. He's a former CEO of Sprout Holdings.

He's founder of Rick Rule Media Investments. In other words, he is a researcher on here's what he thinks going to happen. The topic of gold, he says, quote, it's important to consider how far gold can go now. On May 10th, he said due to the negative real interest rates, quantitative easing that's going to get ready to happen, debt and deficits that are happening, all the things we talked about, he is saying get ready for a fourfold increase in the gold market, and he's saying that's precisely what I think is going to happen. That's his quote.

He's insinuating it's over a period of a 10-year period, but he doesn't specifically say that. But he says, what drives the price of the gold more than anything else? Central banks and people not maintaining the purchasing power in gold, not maintaining the purchasing power in conventional savings instruments.

There's nothing that we should worry more than saving on interest rates and are insufficient to keeping pace with inflation. So in other words, he's depicting exactly what we've been talking about. Things are going to get higher in the price of gold, he's saying. So that would be gold around $8,000. That's just insane to think about. I said on your program a few years ago, in the next 10 years, $5,000 to $7,000 gold would be a norm.

So I think we're still in my range. If we go to his, that just means we have more detrimental problems for our country. This is why you got to diversify, don't have all your eggs in one basket, put a portion to seven, a portion to eight, because you do not know what tragedy may befall you.

Call my company, learn, and get a packet, and get the white papers, and get some education and wisdom. Yeah, that's right. The people perish for lack of knowledge, and you have to get yourself to a point of understanding. And that's not easy, but this is something that didn't take me a whole long time once we started talking way back in 2016, David, and to begin to understand. And then I'm a word picture guy. I'm a whiteboard kind of person. I'm like, okay, if you got all your stocks and stuff up here, and the winds are blowing in a terrible way, what's underneath your boat, the opposite ends of the teeter tot, or whatever the case may be.

I've used all those word pictures over the years. And once I understood diversification, I'm like, okay, then you got to have some stuff that's outside of that. And as things are wild in the markets and in banking and in the Fed and everything, do you have anything that is not affected the same way? It's like, do you throw your big sail up in the middle of a storm? No, you need to pull that down.

What kind of ballast do you have under the boat? And that's where diversification matters. And like you say this pretty much every week, you're not an anti-stock person.

You're a diversity person, a diversity of holdings. But that takes education. And so in terms of the coming bail-in, the white paper on that, the good, the bad, and the ugly, which we did most of a show on earlier this year, what's the best way for people just to get a hold of those resources, plus just talking to you guys?

Yeah, we have representatives here that can give you answers to the questions that you might have and there's no obligation. Do the old-fashioned way. Give us a call 844-604-2575.

I know that you're grabbing your pen right now, so I'll say it again. 844-604-2575 or landmarkgold.com. 844-604-2575 is what David just said. 844-604-2575.

The website, as always, landmark.com. David, thank you so much for your time. I know it's valuable and we appreciate all the help and the wisdom you bring. We look forward to talking to you again next Monday. Thank you for having me, my brother.

You're welcome. Of course, hold on there. We'll pray together here in just a second, which by the way, for those of you on the radio, if you jump over on Facebook Live or Rumble, we always have a moment of prayer together at the end of the show. We'd love to have you join us there. This is Steve Noble on The Steve Noble Show. God willing, I'll talk to you guys again real soon.

And like my dad always used to say, ever forward. Welcome back. It's Steve Noble, The Steve Noble Show here with David Fisher today from Landmark Capital, landmarkgold.com.

It's his website, as always, landmarkgold.com. Doing a full money Monday talking about some of these ridiculous spending going on in DC. This is what we're talking about right now. And then we're going to talk about the latest in gold and silver markets and what's happening there relative to the broader market. But this isn't so much about the here and the now in terms of the amount of money going into these grants and these contracts with countries like Russia and China.

It's the fact that we do it at all. But over the course of time, 10, 20, 30 years, all these billion here and a billion there, that adds up. And the next thing you know, we're 31, about $31.5 trillion in debt.

And it really was, as you mentioned earlier, David, kind of the frog in the pot. But it has sped up massively since the Bush 43 administration. That's where you get a hockey stick graph where the amount of federal debt is just skyrocketing. It just takes, it looks like a SpaceX rocket.

It's just going along and then goes straight up, which is exactly what's going on. But you had some specifics here. I think this was representative Joni Ernst that was finding this. But just to give us an idea of how ridiculous this is, what are some of these details?

Oh, yeah. And also that chart that you're referring to, I have that chart in my white paper called The Coming Bail-In. It talks about the debt that's ballooned. So if you call my company and get the white paper, you'll see the chart that Steve is referring to. Yeah, The Coming Bail-In.

Yeah, The Coming Bail-In. So Joni Ernst, a Republican and open the books, an independent watchdog on the government found $1.3 billion. $490 was in US grants paid to the Chinese and $870 million paid to the Russian entities. I'm not going to go through every penny, but here's some of the nonsense. $100,000 might not seem much, $100,000 is a lot of money to you and I.

Sure. But this was paid to a Chinese organization out of Beijing under the State Department grant. So in other words, it doesn't come directly to this organization. It's funneled through this, all these series of organizations.

But when you finally track the crumbs, you see where the end of the trail is. The end of the trail is there's a New York magazine that does cartoons and it's a gender equality magazine. This is in China.

And in 2021, they increased awareness for gender equality and women empowerment through an exhibition of works by women cartoonists called the New Yorker Magazine in China. So there was $100,000 given to that. $51.6 million in a grant, the Department of Defense, which resulted in a $6 million funding to China, a tech firm for the providing money for the deployment, distribution, command of software for the U.S. military. So we wonder what all they have to do is put spyware in there.

Is she ridiculous? China providing software to the U.S. military. Right.

No problem. There's this debate over food lunches here in the United States and there's the Chinese food producer was awarded $1.6 million by the Department of Agriculture for a national school lunch program. China got paid that money in the United States company. $4.2 million in addition from Health Human Services program at the government. Under that program, $770,000 was paid to a institution in St. Petersburg, Russia, called the Pavlov Institution, which is a state run lab to experiment cats running on treadmills. I'm glad you brought that up, David, because we don't have enough information and data from cats running on treadmills, especially Russian cats. I mean, that has to have an influence on what's happening in Ukraine.

Yes. Speaking of Ukraine, the federal government wired $4.7 million to a Russian company for health insurance. We bought health insurance for the Russians. The company is called the PAO, and I can't pronounce the last name for very long, starts with Rogosiktrov or something like that. It's an insurance company that was sanctioned by the Treasury Department amid the crane invasion in 2022. We funneled $4.7 million there, and also we granted $1.45 million to a grant in Russia for COVID pandemic virus tracking.

So there's more to it. It's just sickening that we just keep talking about it. $1.3 billion, and that's just the iceberg according to the General Accounting Office. Yeah, and that's stuff going to our enemies, not to mention all the wasted money that happens with pork barrel spending all over this country in all 50 states from both sides of the aisle. They're all earmarking stuff all the time. It's really disgusting. Let's switch.

Let's set that aside just so we can breathe. And go to gold and silver. What's going on in the latest news with gold and silver markets? So obviously, there's a financial problem happening. And Ray Dallow, he's a billionaire hedge fund manager. I've quoted him before. He chimed in on this whole debt ceiling, and he's advocating you got to diversify into gold.

He is saying that there's no way we're going to get out of this now. And he's a guy who studies history and currencies. That's his forte. He shifted from being a fund manager to now he's getting the word out. He has multiple videos saying we're headed towards a financial calamity. And he came out and he says how all reserve currencies end, they end because their debt is unmanageable. And they're ignoring this problem.

And he says our country is right here right now. Central banks now are buying the most amount of gold. I've said this report before. It also came out again, another report that's saying the highest they've been buying ever since the 1950s.

Wow. Doug Romshaw, he's not a gold guy who owns a gold company. He's just an analyst. And he's talking about the outlook on gold in an interview. He says, now we got inflation. Why isn't gold moving? Romshaw was asked this. And his answer was it's the strength of the US dollar is a significant headwind right now for gold.

But that's the last remaining headwind. He says, I think 2023 offers far brighter outlook for gold than 2022. Gold went up 20%, 19 something percent, 19.6% in last year. And he's saying the movement in gold is going to be better this year.

We're up 6.8%. So he's expecting a bigger move at the end of this year. And I'll quote the ending, the last quote, a guy named Rick Rule, I've quoted him before. He's a former CEO of Sprout Holdings.

He's founder of Rick Rule Media Investments. So in other words, he is a researcher on here's what he thinks going to happen. The topic of gold, he says, quote, it's important to consider how far gold can go now. On May 10th, he said, due to the negative real interest rates, quantitative easing that's going to get ready to happen, debt and deficits that are happening, all the things we talked about, he is saying, get ready for a fourfold increase in the gold market. And he's saying, that's precisely what I think is going to happen. That's his quote. He's insinuating it's over a period of a 10-year period.

But he doesn't specifically say that. But he says, what drives the price of the gold more than anything else? Central banks and people not maintaining the purchasing power in gold, not maintaining the purchasing power in conventional savings instruments.

There's nothing that we should worry more than saving on interest rates and are insufficient to keeping pace with inflation. So in other words, he's depicting exactly what we've been talking about. Things are going to get higher in the price of gold, he's saying. So that would be gold around $8,000. That's just insane to think about. I said on your program a few years ago, in the next 10 years, $5,000 to $7,000 gold would be a norm.

So I think we're still in my range. If we go to his, that just means we have more detrimental problems for our country. This is why you got to diversify, don't have all your eggs in one basket, put a portion to seven, a portion to eight, because you do not know a tragedy. Maybe if all you call my company, learn and get a packet and get the white papers and get some education wisdom.

Yeah, that's right. The people perish for lack of knowledge, and you have to get yourself to a point of understanding. And that's not easy, but this is something that didn't take me a whole long time, once we started talking way back in 2016, David, and to begin to understand. And then I'm a word picture guy. I'm a whiteboard kind of person. I'm like, okay, if you got all your stocks and stuff up here and the winds are blowing in a terrible way, what's underneath your boat, the opposite ends of the teeter totter, whatever the case may be.

I've used all those word pictures over the years. And once I understood diversification, I'm like, okay, then you got to have some stuff that's outside of that. And as things are wild in the markets and in banking and in the Fed and everything, do you have anything that is not affected the same way? It's like, do you throw your big sail up in the middle of a storm? No, you need to pull that down.

What kind of ballast do you have under the boat? And that's where diversification matters. And so, like you say this pretty much every week, you're not an anti-stock person, you're a diversity person, a diversity of holdings. But that takes education. And so in terms of like the coming bail-in, the white paper on that, the good, the bad, and the ugly, which we did most of a show on earlier this year, what's the best way for people just to get a hold of those resources, plus just talking to you guys?

Yeah, we have representatives here that can give you answers to the questions that you might have and there's no obligation. Do it the old-fashioned way. Give us a call, 844-604-2575.

I know that you're grabbing your pen right now, so I'll say it again. 844-604-2575 or landmarkgold.com. 844-604-2575 is what David just said. 844-604-2575.

The website, as always, landmark.com. David, thank you so much for your time. I know it's valuable and we appreciate all the help and the wisdom you bring. We look forward to talking to you again next Monday. Thank you for having me, my brother.

You're welcome. Of course, hold on there. We'll pray together here in just a second, which, by the way, for those of you on the radio, if you jump over on Facebook Live or Rumble, we always have a moment of prayer together at the end of the show. We'd love to have you join us there. This is Steve Noble on The Steve Noble Show. God willing, I'll talk to you guys again real soon, and like my dad always used to say, ever forward.