The Public Will Be Kept in the Dark While Their Currency Is Inflated Out of Existence.

[00:00:00]Saturday, June 20th, 2026, Manco 64, home of alternative economics and contrarian views. Uh we're going to talk about a couple of concepts. Uh one is the uh concept of divide and rule and the other one is not really a concept is a topic. It's the topic of of debt and how the world is drowning in debt and how important it is for uh people in my opinion to be uh aware of that so they can protect their savings and uh yes and protect the the future financial future of their family because I I I think uh nothing comes Nothing that comes out of a a debt crisis is any good.

[00:00:56]And uh there are countries of course preparing for for the unraveling of the current uh monetary system. And I would say it's not even a monetary system is a currency system. And we'll look at that uh in a minute uh after uh we start with divide and rule. And the the reason I'm talking about divide and rule or divide and conquer and I think uh it was juvenile in Rome who talked about that I I'm not 100% sure but u I think yeah give them bread and circuses and they will they won't revolt and unfortunately I don't think that has changed. Um, and one of the reasons I want to talk about that is because of the political situation in the UK.

[00:01:49]And uh, yes, it looks like we might get a new prime minister.

[00:01:56]And uh, all I can tell you is that it's not going to change anything. It doesn't really matter what party uh, is in power. It doesn't really matter what what person is prime minister.

[00:02:11]I think the die is cast so to speak.

[00:02:15]Another another Roman uh term there.

[00:02:19]We've crossed the Rubican as well. and uh politicians uh and uh yeah the system is uh designed so that uh only a massive crisis and a massive collapse of the whole economic, social and political structure will lead to change. Uh and why do I say that? Well, because in a democracy, uh, politicians, they they never do the the right thing, the right thing really.

[00:02:56]They they always trying to please, uh, the voters. Uh, they're always trying to uh uh uh pay Peter by taking from Paul. That's the old saying. Uh most people don't realize that getting something uh for nothing is not really getting something for nothing. There's no such thing as a free lunch. And uh I'm not just criticizing socialism, but I'm also criticizing corporate socialism because we have both. And we have also uh inflation and inflation of the currency of course of the currency supply uh that helps uh the financial institutions the bankers be a and uh hedge funds and people like that. So yeah and we're going to come of course to the second topic which is kind of related to this. So that's what I'm trying to say here. Um people don't want to give up uh their welfare, their benefits, their uh safe public sector jobs. Uh the bankers don't want to give up the liquidity and the low interest rates. Uh investors uh don't want to give up uh their huge gains in the stock market. uh bond investors want the central banks to intervene and do QE to keep everything going. Uh and all that does is um squeeze uh the people in the middle, the middle class, but now it's starting to squeeze everyone. Uh and it's going to get worse. Uh that's all I can say uh in terms of what one needs to do to protect themselves.

[00:04:50]uh everyone has uh his own or her uh circumstance and it's and hopefully uh by listening to I have to say it might help you a little bit. I don't have the solution to everything but I I have I think some ways some some ways that could help financially and that has always been uh being outside the system being uh there with real money. We're we're going to come to that in a second.

[00:05:19]So, uh, yeah. What I'm trying to say here is Andy Bernham, this uh, well, first of all, we'll have to see if he's going to become the next prime minister. Is he going to solve everything? I don't think so. Is he going to come after uh the middle class or the and the wealthier uh part of the society? Probably.

[00:05:45]It's going to get worse. And the more the more they do this, the more they try to uh keep uh providing uh the the worse it's going to get. Um they're going to keep digging and digging. And that's because in the democracy, if you don't uh deliver to the public, uh they will uh vote you out of power. And unfortunately, that's the uh that's what happens. And uh that's why I I I think actually we should be prepared for a major uh financial calamity and I've been warning of this since I started this channel over 10 years ago. I have a a playlist which I'll put here. Um or or is it here? I don't know. Anyway, uh one is about the uh UK debt time bomb.

[00:06:41]And the other one is about UK economic collapse. So the the debt time bomb of course is not just a UK uh UK phenomenon. It it's a world phenomenon.

[00:06:52]We're we're drowning in debt. As I said earlier, as many of you uh probably know from following my channel, uh our current uh monetary system hasn't really been a monetary system since 1971 because uh our currency uh is not redeemable um on demand by a fixed weight of gold or silver. uh since 1971 since Nixon closed the gold window and even back then it was just on a international uh country sovereign entity to sovereign entity. It wasn't like individuals uh couldn't redeem their currency for a fixed weight of gold. I guess you could argue until the mid60s in the US and a lot of places in Europe until the late60s uh uh money did circulate in the form of silver coins. Uh but uh yes uh and the reason I I'm talking about this is because now the uh currency has uh no limit to how much they can issue or create. And the way they do that is through a book entry system where they issue uh debt to an entity and that entity uh receives like the currency uh on on its access side and then it lends the currency to you or to me and that's how the currency circulates is through debt and it's all backed uh well a lot of it is backed by government debt. A lot of it is backed by real estate debt, uh, consumer debt, credit card debt. And the problem with that is that when you issue the debt, you uh, you don't issue the, uh, interest that you need to pay on the debt.

[00:08:48]Technically, there's not enough currency out there to cover all the debt. And that's why Japan uh has been trying to keep uh well they've kept rates below 1% for over 30 years. They just raised uh the base rate to uh 1% uh this past week. First time it's 1% since 1995 because they have huge amounts of debt in Japan. Uh so it keeps uh the debt from growing too fast. But uh as I've told you many times, we are in a bond bear market. We I don't really think we're going to see uh zero rates ever again. Well, in in my lifetime at least.

[00:09:34]Uh and that I think yields are going to go a lot higher. Of course, the central banks will probably try to do more QE.

[00:09:42]Uh they'll they'll try everything.

[00:09:44]They're already doing QE, but all that will do is devalue or debase the value of the currency. A and I think uh a lot of countries see this and that's why they're buying gold handover fist. They have been doing that uh since 2022. I saw recently that um yeah, Poland uh they bought 18 tons of gold in the last uh their last reported uh purchases and they've bought 64 tons so far in 2026.

[00:10:19]Uh they know what's coming. Uh the Chinese know what's coming. Uh and a lot of other bricks countries know what's coming. Unfortunately, uh country like the UK uh has no clue. we still at 310 tons. Um there's a lot of other smaller countries that have a lot more gold than the UK. Uh but uh yes, that's what I see happening. It's all going to unravel and that's why you you need to have gold and silver and they're trying to like of course inflate the system. Uh and they're going to keep doing that. And uh there will come a point though where people are going to lose faith and confidence in the whole currency system.

[00:11:04]And of course it it's the fiat dollar that backs this system. So um when that happens you will want to have gold. Gold always comes back to save to save well monetary or currency affairs. It it's always been the case. And I think uh if you're able to keep hold of your physical uh gold and silver outside the system, if you're able to keep hold of your mining investments, be it gold or silver miners and other hard assets, I I I think you you will come out well on the other side of this uh uh coming crisis. And I think uh we're very near it. um mainly because of cycles uh and the fact that we're in the fourth turning uh so I I think uh in the next uh 6 years or so will be quite turbulent and uh yeah I wouldn't be concerned about the uh paper price uh of gold and silver these speculative moves uh a lot of the the dumping of gold and silver that we see. These are just speculators.

[00:12:21]What what you have to keep an eye on is like uh what central banks are doing and uh the the smart money as well. They're buying physical and they're not buying futures. I I guess both things uh the divide and rule. They keep you uh like worried about politics. They they keep keep your attention on the World Cup uh football or soccer. And I'm not having a go at people. I mean, I I've looked uh at what's happening in the World Cup, even though I I haven't followed football for many years. And I like golf, too. But I I think it's good to be aware of what's going on monetarily. And unfortunately, very few people are. If you uh talk about these topics, they don't even know what you're talking about. They think everything is fine but uh the debt is so huge though and uh it's a problem and uh many countries have different compositions of their debt. For example, where I am here in Switzerland, the government debt uh to GDP is relatively low. It's not a problem. But from what uh the gnome of Zurich tells me, mortgage debt here is huge. And uh the real estate is a huge bubble in Switzerland. And so I I think uh yes everything looks idil idllic here in Switzerland in the Alps you can see but underneath the surface the uh exorbitant uh values of some of the uh properties here are uh built on uh on on the foundation of debt and they could evaporate very quickly. And uh the same thing goes for for the UK real estate. I saw recently uh big mansion in London sold for 250 million or something.

[00:14:22]I'm going to stick to uh to holding on to real money because when the crisis hits um gold will save gold and silver will save the day again and it has for time immemorial. uh gold and silver are timeless uh but uh fiat currency uh well that goes to zero and I think we're very close uh to the to that uh juncture and uh yeah with that I'm going to wish you all a very good We can.