🔴 URGENT: Reports of MASSIVE US Debt Selling Happening Now? | Bob Moriarty

Added: 2026-05-28

[00:00:00]Okay, there have been reports in the last week that China is dumping uh treasuries, Japan is dumping treasuries, Philippines is dumping treasuries, the six GCC countries are dumping treasuries and I expect that to continue and the demise of the pro dollar is catastrophic.

[00:00:30]for the US Treasury bond market.

[00:00:39]You're watching Capital Cosm. My name is Danny. It is May 26, 2026, and my guest today is Bob Morardi from 321Gold.com.

[00:00:48]Bob, thanks for coming on.

[00:00:51]Uh, summer is here, the sun's out, and there are some interesting things happening.

[00:01:01]>> Yeah, we've got a lot of interesting stuff to talk about. But before we get into that, quick note, we are sponsored by the forecaster.biz today. So, we will be using the tool throughout the podcast. So, if you enjoy what you see and you want to take advantage of a special discount, uh, check out the link in the description box as well as the pin comment down below. So, let's just kick it off with that here. Bob, interesting interesting things are happening and oil is just whipsawing all over the place. were about, you know, over 12 hours removed or so, about a day removed from um an Iranian naval ship getting struck by US forces um as it was laying down mines in the street of Hormuz. And now oil is still, you know, below $93. I mean, we three months into this thing. Um shouldn't we anticipate oil being much higher than it is today?

[00:01:54]What what do you see uh with with the current state of things and how it pertains to energy costs and what these you know what $90 plus oil for 3 months does to inflation and so forth down the line.

[00:02:11]>> I I I wish you hadn't asked that question.

[00:02:16]>> Oh yeah. I I'd like to believe that I'm well educated and I'm certainly well read and when I don't know something there's a dozen people smarter than me that I can go to and I can say well Martin Armstrong said so and so or Ray Dio said so and so and I can look smart by doing that. When you ask, is the price of oil appropriate for a war that's been going on for 3 months where we've got about a 13% reduction in the quantity of oil being produced.

[00:02:57]I not only don't know why it's the price it is, I don't know anybody smart enough to understand.

[00:03:07]Now, we've had a 53% increase in the price of gasoline for Americans. I'm told it's about $453.

[00:03:19]And and that actually seems very cheap.

[00:03:22]If you go back to 1973, in the same time frame, the price of oil went up four-fold. So, I I think there's some artificial efforts here to keep the price of oil down. And you didn't comment on Brent because the interesting thing is that WTI is down, but Brent is up. And I think Brent more closely resembles a reaction to what's going on in the Middle East. But I will say and we we talked about this off camera.

[00:04:03]Every single day straight of Hormuz is close, the situation gets 5% worse.

[00:04:10]There was a grand total of one tanker left the uh straight of Cormoo yesterday. Now, most people don't realize it, but there's an east west pipeline in Saudi Arabia, and they're pumping about five to six million barrels a day through the Red Sea. And as long as there's no conflict between Saudi Arabia and Iran, uh the situation is bad. It's getting worse every day, but it's not as bad as it could be.

[00:04:47]not as bad as it could be. You know, you look at this oil chart. This is this is WTI. You go back to 2022, you saw this massive spike up from 66 to 124 or so. Pretty much the same. Well, we were actually lower. We started off at 57, we spiked up to 120, but it had a lot more um it, you know, it had a lot more structure to it. This one is a lot more volatile. It's all over the place. Up and down, up and down, up and down. Um whereas this one, you kind of see, you know, you had a little double top here and then he started descending down.

[00:05:24]This one's a lot more unpredictable. And plus, there's a lot more oil that comes from the straight of Hormuse than there did from uh lost capacity during the Ukraine war. I think like the Ukraine Ukraine war amounted to about 2 and a half% of global oil supply. This one amounts to 15% of global oil supply. Yet we're still trading at the same level that it was, you know, a couple of weeks before the Ukraine war. Very odd.

[00:05:52]>> Well, it No, it's not odd. It It's absolutely unheard of. And I'm serious. It's a heart attack. Nobody I know has a rational explanation for. Now, what I'd like you to do, and you've got a great charting software there, is chart the last three months.

[00:06:19]Okay? Every one of those spikes, somebody went out on the betting platforms and bet millions of dollars >> that there would be a solution to the war on Iran. And interestingly enough, last week part of Donald Trump's agreement with the IRS was in the future his children would not be subject to audit by the IRS. Somebody is making millions of dollars front running Donald Trump's announcements.

[00:07:00]Well, yeah, that's been uh that's been the case now for, you know, since the start of the the term, hasn't it?

[00:07:08]>> Right. Right.

[00:07:10]>> Yeah. So, it's very interesting. You know, you look at seasonality down here.

[00:07:15]You look at the last uh you know, the the most correlated year is 2013 with 70% correlation.

[00:07:22]And if it follows 2013's track record, you should anticipate a big bump in the summertime around mid July all the way out until the beginning of September.

[00:07:33]So, as people start to head into driving season and oil is still at 94 $93 or so, I mean, this is going to be a massive tailwind for oil. And we also looked at um SPR releases um on the show here about a week ago. Uh they they are draining the SPR. Uh I mean that's one of the reasons why oil price has been subdued.

[00:07:55]>> That that's a poor description >> calling and draining the SPR.

[00:08:04]A a better description would be >> oil suicide >> for us to do Do you know where the Do you know where the oil's going?

[00:08:19]Where's it going?

[00:08:21]>> Overseas.

[00:08:23]>> Yep.

[00:08:24]>> Okay. We are draining our reserves to keep the price of oil down in Europe. A and you know, I I like the price of oil being down in Europe. I'm in Europe. But to drain the SPR, that's financial suicide. It's totally insane. Can you bring up a chart of natural gas in Europe?

[00:08:53]>> Natural gas in Europe.

[00:08:56]>> In Europe.

[00:08:58]>> Yeah. Let me see if I can What's the ticker symbol for that one? I know NG1 is is what I typically go with.

[00:09:04]>> I I don't know. But here here's the deal.

[00:09:08]You consume natural gas for heating from November through March and you fill the natural gas uh reservoirs from March till November. And of course, we're not filling the natural gas reservoirs in Europe now because there's no natural gas coming out of the Middle East. So we have a guaranteed crisis for natural gas price and availability in Europe for next winter.

[00:09:45]>> Well, I want to talk about that. I mean, I'm still looking for the natural gas ticket here for the European market, but you know, talk about uh what if if prices stay higher for longer. I mean, we already have a pretty high reading on the PPI, the producer price index here in the United States. I think it was what, 6% or something like that.

[00:10:06]>> 6%.

[00:10:07]>> 6% compared to the three some odd percentage points on the CPI, the consumer price index.

[00:10:13]>> And we all know >> eight.

[00:10:15]>> Yeah.

[00:10:15]>> Yep. And so the PPI is typically a leading indicator for what's to come for consumer prices because you know when producers see their prices being risen, they push on the price rise to the consumer. And so I mean we saw this in the Arab Spring in 2010 2010, right?

[00:10:34]Yeah. 20 2011 2010. Um where I mean it was basically on the premise of higher food costs, higher energy costs. I mean, you're basically dealing with revolution at that point if this stuff isn't resolved pretty soon. Even and even if it is resolved, maybe the cake has already been baked.

[00:10:53]>> Uh, strange enough, both of those statements are true. Yes, the cake has absolutely been baked. This far worse than the Arab Spring. It's far worse than the Ukraine war. It's far worse than 1973. And it's far worse in 1979.

[00:11:13]We are doing permanent damage to the supply chains of lots of things. Now, uh, energy in general has gotten really bad press for the last 30 or 40 years.

[00:11:30]And everybody hates oil and everybody hates CO2 and everybody hates carbon.

[00:11:37]And and the unfortunate thing is it is the financial foundation of our entire world. We need the straight of horm open. So the 95% of sulfur that it's produced comes out of Saudi Arabia.

[00:11:59]We need that that for metal processing and we need it for fertilizer. We need it for the chemical industry. We need helium coming from Qatar to make chips.

[00:12:13]And we've done so much damage already.

[00:12:17]And I'm saying people need to pay attention to it. I have seen intelligent people I know say if this goes through June, it will be a crisis and if it goes through September, it will be a catastrophe. and I'll put mine in. If that goes through December, it's the end of the world's economy. This is the most important thing that we face today. And there is no easy out for the United States.

[00:12:55]>> No. No. Um it seems like uh we're getting conflicting news reports every 30 minutes or so now. So like you've really got to be tuned in to what's going on and even then it's like what do I believe in because you hear one thing one minute next thing it's contrary report >> and I think without throw their heads hands up in the air and just tune out.

[00:13:20]>> Yeah. Exactly. And strangely enough that that may be exactly why we're being fed what we're fed. I came up with a great quote accidentally in another interview a week ago. If you're not confused by what's going on in the world today, you're not paying attention.

[00:13:41]>> Yeah. Well, if I look, I mean, I'll tell you now, if I didn't have this channel and I didn't need to keep up with the news, I would be one of those people. I mean, I would just tune everything out, just focus on my day-to-day life because it has gotten so confusing. And I'm one >> No, no, not confusing.

[00:13:59]>> Yeah. Go.

[00:13:59]>> Insane. It's insane. We're dealing with insane people. You can go to CNN right now and there'll be an article about how how Rubio have said it's just a question of the right words in the agreement. And then you've got the Iranians saying what agreement? We didn't make any agreement.

[00:14:23]We're not going to make agreement because you lie about everything. We are in bizarro land. I have never lived through anything like this and it's the most dangerous thing that I've ever seen because there is no simple easy out other than the United States surrender and say we shouldn't have started a war for Israel and it was a mistake and we quit and there's not a chance in hell.

[00:14:54]Donald Trump's capable of doing that.

[00:14:59]Well, we'll see what uh we'll see what happens. Apparently, there's a peace deal that's getting super close to being finalized. Maybe it is finalized by the time the this episode is out. Maybe it's completely torn up by the time the episode is out. We'll have to wait and see. But be that as it may, I was able to find I couldn't find the European natural gas ticker. Um so, if you guys if you want to drop me the ticker symbol in the comments down below, I'd appreciate it. But we do have the the the NG1. This is the one that we use here in America. And natural gas has been since 2001, you know, there's really no trend to it. Let's look at the last one year or so. We had a big spike at the very beginning of January and then it's just been trending lower.

[00:15:42]Um would I mean America wouldn't be really impacted much by the straits closure by way of the natural gas price, would it? Uh, of all of the different energy forms, US natural gas would be the least affected. It's not the kind of thing you can't double or triple the amount of natural gas that you export by price because it's all turned into LNG. Okay? and and you can't build a new LG plant just because the price of natural gas went up. So natural gas is going to be the least effective. But going back to how you store natural gas, you you consume it from November until March and you fill from March until November. The head of some big European energy company said Europe is going to face a crisis this year because the reservoirs are not going to be filled. If we have a cold winter, it will be catastrophic. And there's lots of things, okay? No question whatsoever. People have sent me pictures of what state costs in the United States today. We've got the lowest amount of cattle being produced in the United States going back to uh 1960.

[00:17:19]Okay. The price of pork chops are going to go up. The price of beef is going to go up. The price of corn, the price of wheat. We're going to have a problem in the United States, not only with the price of gasoline, but with the price of food. Because energy is food. It is an analog of food. Farmers are not able to afford fertilizer. So, they're either not planting at all or they're planting reduced crops. So, so we got bad things coming. I I I cannot emphasize enough.

[00:17:57]This is easily the dumbest war in history. It serves no purpose whatsoever. It's totally illegal. We should have never gotten involved in the first place. And it it's going to get catastrophic probably starting in September.

[00:18:17]>> Starting in September.

[00:18:19]Why September?

[00:18:21]>> Well, again, what's a good way of putting it? The pain curve is curve linear.

[00:18:33]Okay. Every day that goes by, the pain index goes up. If the pain index is 100 today, it's 105 tomorrow, it's 110 the next day, it's 115 the next day. We produce about 100 million barrels of oil a day. We consume about 100 million barrels of oil a day. So if you reduce the amount of oil produced by 13% you're producing 87 million barrels of oil a day but you're still consuming a 100 million barrels a day. Every oil facility in the world where they store oil is being depleted today and we get down to the bottom you got big big problems. If the straight at Hormuse was reopened today, it would be a year or two before we got back to where we were in February.

[00:19:43]>> Yeah. Well, it goes back to that saying, the cake has already been baked.

[00:19:48]>> Yeah. Yeah. Well, not only has the the cake been baked, the longer you leave it in the oven, the more burned it gets.

[00:19:56]>> Mhm.

[00:19:59]Are we able to glean anything from the 10-year yield? It looks like it wants to break up above this resistance here that it uh >> I think it I think it has.

[00:20:10]>> Yeah.

[00:20:12]>> Okay. There have been reports in the last week that China is dumping uh treasuries, Japan is dumping treasuries, Philippines is dumping treasuries. The six GCC countries are dumping treasuries and I expect that to continue.

[00:20:34]And the demise of the pro dollar is catastrophic for the US Treasury bond market.

[00:20:47]The the deal was you you provide military umbrella for us and we'll give you our money to invest. Well, there's no money being invested because there's no oil being sold. The military umbrella that we provided for them was overpriced and it didn't work. And and let me let me give you an example of something that's so dangerous. I can't believe the US government is doing it, but they're doing it anyway. Now, I I was a veteran of 20 months in combat. I've controlled hundreds of air strikes, hundreds of artillery missions, hundreds of naval gunfire missions. I was the cutting edge of a sword.

[00:21:34]There have been hundreds if not thousands of attacks on Iran and there have been hundreds if not thousands of attack by Iran on the the Middle East including Israel, UAE, Qatar, Saudi Arabia.

[00:21:57]As of right now, the United States claims there are 13 Americans killed.

[00:22:03]And that is an absolute 100% lie. Do you know who Chuck Baldwin is?

[00:22:11]>> Mhm. Okay. He He said TV preacher. I I don't follow him. I don't know who he is. He's a TV preacher. He has people who believe what he says. He came out two weeks ago and said there are 500 caskets of dead Americans sitting in Germany right now because the Trump administration refuses to allow them to be flown into the United States. And he said there are thousands of wounded Americans who are undergoing medical treatment in Germany. I believe that's true because you could not possibly have the level of combat that there's been the 12 or 13 or 14 US bases that were attacked by Iran. You could not attack all of those bases and not kill more than 13 people. I have seen >> How does he know? How does he know though? Did Did he get like an inside source or something or is he just extrapolating?

[00:23:08]>> I'm going to tell you I think so. Okay.

[00:23:11]And again, I'm being chicken [ __ ] here myself.

[00:23:16]I'm not saying this is true. I'm saying Chuck Baldwin said it was true. And for it to be true, one, logically, it's true based on my experience. And and I I would say almost certainly he would have to have some kind of source. But we know 42 US airplanes have been destroyed, including things like HC135 U refueling aircraft with with five or six people on board. So I I'm telling you, the number of 13 Americans have been killed is an absolute fabrication.

[00:23:55]It's the same thing with Israel.

[00:23:58]Israel's not admitting how many losses they had. Uh, and I I'm quite surprised by uh Iran because Iran has said we've had about 3,000 people killed whi which sounds like a reasonable number.

[00:24:17]Well, they're they're now asking for compensation for the uh strike on the naval ship uh I believe to the tune of $ 24 billion. or is that something completely unrelated to the naval ship strike?

[00:24:32]>> Well, now I I I think it's unrelated.

[00:24:35]They're asking for compensation and quite bluntly under international law. Uh if you go back to the war crimes trials after World War II, the supreme act of aggression or the supreme war crime was a war of aggression. And this is a war of aggression. We were not threatened by Iran. There is no Iranian nuclear weapons program. Iran had all the right in the world to have a nuclear program. It's not a nuclear weapons program. It's a nuclear program where they're enriching uranium. It's legal.

[00:25:18]They complied with all the rules. They made all the reports. And this idea that they were on the verge of building a nuclear weapon is absolute rubbish. Let me point something out. I'm the only guy to point this out. There's a very simple reason. I know Iran is not working on nuclear weapon. If you control it straight up for moving control, you know who Robert Kagan is.

[00:25:53]Um, I I don't actually. No, I've heard the name.

[00:25:55]>> Okay. V, you know who Victoria Nud is?

[00:25:59]Oh, yes. Okay. She Yes. Yeah. Victoria Noodle was the instigator of the Ukraine war. Okay. She was the one who led the under >> secretary of state under Blinken. So, so, uh, Victoria Nudan is married to Robert Kagan and they are the most fanatical Zionists. Robert Kagan's come out and said there's absolutely no question about this. Iran won the war.

[00:26:28]So, we got this interesting situation.

[00:26:31]Lots and lots and lots of Republicans are turning around and saying, "Oh, God, we can't stop the war now. We've got to continue." But even a person who had the most vested interest in supporting the war has come out said we failed. We failed all of the four objectives that we set out to do and the very best thing that we could do is quit. And he's right.

[00:27:00]>> Yeah. So I'm looking at the latest developments um on the Iran side. So this is about an hour ago. Iran has hit a foreign oil tanker off the coast of Oman less than 12 hours after clashes with US forces. So, I don't know if that's the response that they're anticipating or if this just the start of something uh bigger here, but it doesn't seem like the oil markets are really responding too much to it.

[00:27:25]>> Uh, watch Brent at that will tell you it moves in lock step with what's uh happening.

[00:27:35]>> Yeah, Brent's a lot higher. There's like a like a $7 spread between Brent and WTI.

[00:27:42]>> Wow, that's that's amazing.

[00:27:50]>> So, I mean, but you would think that, you know, these are global markets like >> Well, it's funny thing you said that.

[00:27:59]When you stopped, I started to think, well, that's like the difference between the price of silver in Shanghai and the price of comics and and again I'm not smart enough to explain it. So you know absolutely WTI seems very cheap relative to Brent and and Comx seems very cheap relative to to Shagai and I can't explain either one of them.

[00:28:29]>> Yeah. Well, let's uh I mean, you said the sword, so I've got to I've got to ask you, what do you think about silver?

[00:28:37]It's just been pretty much going nowhere. It's a >> Anyone who is who does not own some silver or does not own some gold is making an absolute giant mistake. And and to give Trump credit, and I'm not being facitious here, Donald Trump is the first president I could think of in in history that has been aggressive about rebuilding the mining industry in the United States. And there's lots of things I disagree with, mainly that stupid war. But in fact, he's supporting the mining industry. mining industry was like 28% of the US economy in 1929 and it's under 2% now. So we need a mining industry. If you want to survive the future, you better have something you could hold in your hand. And when you drop it, it hurts your toes.

[00:29:38]>> Yeah. Well, I mean, if Iran does get their 24 billion dollars or whatever it is, I can't help but think that one of the things that they're going to buy with that money is gold, right?

[00:29:50]>> Well, actually, the 24 billion, it's a bad number. I have heard numbers saying that the United States has uh sanctioned a hundred billion dollars in Iranian assets. If Iran just got their own money back, it would be a hundred billion dollars. And frankly, I think there will be some kind of an agreement between them and Oman to have a toll booth in the street of Hormuz. not only for oil but for data as well. They realized, hey, wait a minute, we got this straight and we control it and if other people can charge a price, we can. Now, can I tell you my story about a,024 ounce silver bar?

[00:30:42]>> Go ahead.

[00:30:44]>> Okay. In 1999, there was a guy in Key West who sold stuff from the Atoshia shipwreck and the price of gold and the price of silver had plummeted. The price of gold hit its low and at the end of August of 1999, the price of silver hit its low um in November of 2001.

[00:31:15]And in 2000, there was an auction in Miami where the company was going bankrupt and they had all these artifacts from the Ato shipwreck that they were selling at auction. And my wife and I were living in Miami. We decided we go to the auction. So we go to the auction. There were like 10 or 15 people who were there.

[00:31:42]So, so they had a room filled with silver bars and gold and chains and emeralds, all this really interesting crap, and it was nobody bidding for things. So, they tried to auction three or four different things, and there wasn't very much interest. So, the auctioneer got up and said, "Look guys, this really simple.

[00:32:04]We haven't got very much interest from people, but if there's something that you'd like, take a look at it. Make us an offer and we'll tell you yes or no.

[00:32:16]My wife said, you know, one of those thousand ounce silver to bars, that would be really cool. I would love to have one of those. I thought, well, you know, there was like $4.95 an ounce. having a thousand ounce bar, man. That that would cost a lot of money.

[00:32:35]So, we we talked to the one of the auctioneers. We said, "We we see this bar over here. We'd kind of like to have that. You know, what kind of deal can we do?" And he said, "Well, I'll sell it to you for $5.25 an ounce." So, Barb and I talked about it and figured out we could afford it.

[00:32:55]So, we bought it. It was a,024 oz and we paid $525 an ounce for it. So they had half a dozen cops around the place provide the security and I wanted to take the silver bar to the car and I was smart enough to bring a dolly with me. So I managed to lift the silver bar. I got it onto the dolly. I started working out and I've got a cop on each side of me guarding me.

[00:33:33]And I looked at him. I said, "What are you guys doing?" "Oh, we're guarding you, sir. We want to make sure nobody picks up that silver bar and runs off with it."

[00:33:45]I said, "Oh shit."

[00:33:48]"Hey, what?

[00:33:50]I'll make you a deal. If you can pick that bar up and run with it, you can have it. Okay. That's,24 ounces. It was the size of a loaf of bread. It took two people to lift the thing. Was anybody going to pick it up and run off with it?

[00:34:09]I don't think so.

[00:34:11]That was my silver bar story. But, uh, I like silver.

[00:34:18]>> Yeah. Well, I I I wonder if that's still the case around town. I like I mean, do you still see cops guarding gold and silver bullion shops, local mom and pop shops?

[00:34:30]I mean, I haven't seen any.

[00:34:32]>> Guarantee if if if you want an education on guns, go in any shop that sells gold and silver and they can spend hours talking about guns because they've got half a dozen of them behind the counter.

[00:34:49]Okay. Um, literally there's a couple of occupations that are particularly dangerous and and running a liquor store on the weekend is like a really bad idea if you're not armed or be in a stamped coin store. I I look at the price of things. Do you realize how much gold has gone up in the last hundred years?

[00:35:19]Well, it's gone up from 100 years. I think they revalued it from $30 and now it's uh4500.

[00:35:30]So, over a 100x 100 years ago 100 years ago, prior to 1933, >> oh price of gold, >> no it's $2067 an ounce.

[00:35:46]>> Mhm. In 1933, they raised it to $35 an ounce. At the high, it was very close to $5500 an ounce, though it had gone up more than 250 times. That's a lot.

[00:36:10]>> Well, it actually tells you it actually tells you that the currency has lost that much value.

[00:36:16]the last hundred years.

[00:36:18]>> Well, there's another thing that it teaches you, okay? And I know lots and lots and lots of people who who have gone on for years about the price of gold and silver being suppressed.

[00:36:34]And uh when I see that gold has gone from $2067 to 5500, I just say thank God for the guys who are suppressing it because if they hadn't suppressed it, my god, where would it have gone?

[00:36:54]>> Mhm. Actually, can you bring up the price of gold during Germany >> 22 23?

[00:37:04]>> Uh, let's see.

[00:37:09]Gold in Germany before World War II.

[00:37:17]So it was so the international price of gold was pegged to 35 an ounce in Germany. The rice bank kept the currency tightly controlled by pricing the rice market and at an exchange rate of 250 to $1 troy ounce of gold equated to approximately 87 to 90 Deutsch marks which is equivalent to >> yeah but that that was in in the rich mark that was after the inflation of 1922 and 1923.

[00:37:52]If you see a chart of the price of gold from 1921 to say 1923, it it just it went straight up. And strange enough, and I think Martin Armstrong's correct, the dollar value is going to change because of inflation. The dollar is not going to be defaulted. Lots of people say they're going to default. They won't default. They're just gonna pay you in Zimbabwe dollars.

[00:38:27]>> Yeah. I mean, we'll all be billionaires at that point. So, >> Yep.

[00:38:35]>> We will be. I I I I'm totally shocked when I saw when I saw $5,500 gold. I I used to make uh I still make jewelry, okay? But uh we we bought so much gold under $300 an ounce. Everything that I made. Yeah, that's it.

[00:38:56]>> Yeah. And this is in >> everything I made was gold.

[00:38:59]>> Yeah. This is a each little ticker here is a mag is one magnitude of 10.

[00:39:04]>> Is one magnitude. So one 10 100,000. So it just went parabolic.

[00:39:10]>> Same thing. It went from one um one to what is that? A billion a billion paper marks within five years.

[00:39:24]>> Yep.

[00:39:27]>> And and frankly I I mean it's crazy.

[00:39:31]Let's talk about the difference between apparent problems and real problems.

[00:39:42]is $39 trillion in debt a real problem.

[00:39:49]>> Uh yeah.

[00:39:51]>> Okay.

[00:39:56]In so far well in so far there's someone to buy to that that that it does not become a problem.

[00:40:02]>> No. No. That's meaningless.

[00:40:06]It's an apparent problem. It's not the real problem being in debt. It's not a problem.

[00:40:16]Lots and lots and lots of people in debt are in debt. It's only a problem if you can't stop spending.

[00:40:27]The problem with the United States is the the spending is baked into the cake. Now, some things like increasing the defense budget uh 43% in a year, I I am absolutely staggered. I cannot imagine why we would do that. I know Donald Trump's next target is a 95 year old in or 94 year old in Cuba.

[00:41:01]add I frankly I I didn't know the guy was a threat. I I didn't know Cuba was a threat, but evidently that's our next war.

[00:41:14]>> Will it be a war or may it be a repeat of Venezuela?

[00:41:19]>> It'll be a repeat of Venezuela, but I I think it'd be different. We bribed somebody in Venezuela.

[00:41:31]I don't think they're going to bribe people in Cuba. I I think the people are in Cuba pissed off.

[00:41:37]>> But uh we have indicted a defense minister of a sovereign country for doing his job and he's 95 years old. And frankly, I I I don't know why he's the enemy of the United States, but I will give Donald Trump credit. He's finally figured out somebody he can take on mono elmano.

[00:42:06]>> Well, it's the Monroe Doctrine, right?

[00:42:07]He he's he's been wanting to reestablish that. Um, so would make sense.

[00:42:14]>> How did you >> How did How did you pronounce that?

[00:42:18]>> Monroe. Monroe.

[00:42:20]>> Monroe. I thought you said Donroe.

[00:42:24]>> No, no, no. Don, no. No, it's the Donro doctrine, not the Monroe doctrine.

[00:42:31]>> The Donro.

[00:42:33]>> Donroe. Yeah, that's where you go after 95 year olds.

[00:42:39]>> Good point.

[00:42:40]>> Make you feel like a makes you feel like a real man when you whip a 95 year old.

[00:42:48]>> Well, I mean, we had we had a we I mean, we did we did have Joe Biden. I mean, Trump isn't that far off Joe Biden's age anyways, but I mean, we have our share of, you know, I don't want to be offensive to you, uh, Bob, but we have our share of jur of older people.

[00:43:08]>> Really?

[00:43:09]I I wouldn't notice.

[00:43:14]>> Well, anything else you want to talk about before we wrap up?

[00:43:18]>> We we are in really interesting times.

[00:43:22]I'm actually glad you asked that question.

[00:43:26]Uh, there are things on the horizon that are so dangerous we could be in World War II in a week.

[00:43:36]President Putin has gotten a lot of grief from his military people for not being harder in Ukraine. and Ukraine being guided by MI6 and the CIA just attacked a dormatory for uh college girls and killed 20 or so of them and really pissed the Russians off. And I have seen reports saying that Putin has considered taking the war via conventional means to Europe. There are targets in Germany. There are targets in Romania. There are targets in Poland. He could do exactly what Iran did in the Gulf States.

[00:44:34]Likewise, Iran has threatened if our infrastructure is attacked. We're going to attack the infrastructure of the Gulf States and we are going to export the war to Greece, Germany and Romania.

[00:44:58]They have the technical capability of doing that. And of course, should they do that, it it would be literally World War III at once. Whether it would be nuclear or not, I don't know. But Europe would certainly invoke Article 5. Uh Martin Armstrong and a lot of other people say we are actually in World War II now. We're closer to it than we have ever been in my lifetime. And it will be more catastrophic. There would be deaths literally in the billions of people and I wish we had some adults in the room who would start recognizing that it would be a pretty foolish thing to do.

[00:45:43]But u we don't have adults in the room.

[00:45:46]Europe's on the verge of financial collapse. The United States is on the verge of a massive collapse. The AI bubble is bursting. The bond market's blowing up. the cost of energy is going up. We're at an especially dangerous time and the most valuable thing people could do is to educate themselves. And quite bluntly, you have one of the best sites out there for educating. I I'm not saying I agree 100% with with any of the people that you interview and I've talked to you and said some stuff and said when I totally disagree. However, uh the people that you interview force people into thinking for themselves and that's going to be a necessary skill to survive the next few years.

[00:46:42]>> Well, it to me it seems like if you haven't caught wind of I don't even know what to call it because it's not even alt media anymore.

[00:46:51]It's more I mean we're more mainstream than the mainstream now. But if you haven't if if you haven't been able to cultivate or hone in on how to think for yourself by now um after the last six years, I don't know what else it's going to take. But uh I I I do appreciate the kind words, my friend. Um where can people find you, Bob? They want to see more of your work.

[00:47:15]>> Uh 321gold.com.

[00:47:17]And I've got about 10 books on Amazon.

[00:47:21]And one thing that I would highly advise all of your listeners to do if they don't believe I know what I'm talking about, go to Amazon and buy the art of peace and you can buy the electronic version for 99. And quite bluntly, if you can't afford it, you're not a real investor. buy the book, scroll to the very end and read the last three pages.

[00:47:53]I wrote that book 10 years ago and everything that's happening today, I predicted.

[00:48:01]>> Yeah. Well, we'll have the link to that book and your other books in the description box below. So, be sure to check it out, everyone, as well as your website, 321old.com.

[00:48:11]And uh yeah, a quick thank you to our sponsor today, which was the forecaster.biz. If you enjoyed what you saw in today's uh show with the tool, then we do have a special discount link down below in the description box, as well as the pinned comments. So check it out, guys, if you haven't already. And with all that said, thank you so much for watching. Hit the like button, type go in the comments section. I do in fact read the comments. Let me know your thoughts. And I will catch you all next time. See you.