[Will Dove] Digital currencies are coming. If we who understand the danger resist, those digital currencies will not be tied to digital IDs and social credit scores, but central digital currencies themselves are a certainty. Some of the digital currency options may even be backed by gold, at least in part.   That won't be for our benefit, though, but for the benefit of those who own and control those currencies. Currencies that are set to replace our current financial system just as soon as either the globalists or the BRICS countries have all of the moving parts in place. Central banks and those who control them have been propping up our current system for years.   How and when it will be allowed to collapse will depend upon who is able to put a replacement in place first. But regardless of which power controls the new economic system, it won't be designed for our benefit. Adrian Spitters, Bryce Wade, and Warren Keane form between them a team of financial experts who are keeping their finger on the pulse of the global economic crash, a pulse that is getting slower and weaker every month. In this extensive interview, our third quarter economic update, you will learn what investments can protect you and your family in the coming economic crash, whether you have millions to invest or are just an ordinary working person. Adrian, Bryce, Warren, pleasure to have you back on the show.   [Bryce Wade] A pleasure. Pleasure. Thank you for having us again.   [Will Dove] I think this is the fourth or fifth interview we've done on the economy and where things are going. And I think there's a really important question that occurred to me as I was thinking about it this morning that I don't believe I've ever asked you before. And I think it's a very important foundational question.   We've been talking about how the economy is going to collapse, that the current economic system just is not sustainable. But the fact is people have been saying that for decades. So how do we know that what we have right now is going to collapse?   And let me expand on that just a little bit before I ask you to answer it. One of the biggest things, of course, is fractional reserve banking, where they just keep creating more and more money in the form of debt by typing numbers into a computer and money just magically appears. But that's been going on for at least 100 years, 300, depending on how you want to count it.   How do we know that it can't just keep going? I mean, sure, every time we look at it, it says, well, there's more and more and more debt, but the system's been working so far. So how do we know this is going to collapse?   Adrian, you're the financial analyst. I'm going to start with you.   [Adrian Spitters] Well, first of all, if you look at running the country like a business, we would have gone bankrupt a long, long time ago. The revenues do not support the expenses. The only reason they're able to keep the system going is they're finding more creative ways to print money, to prop things up, to push things down the road.   And one of the things that is allowing them is just burying a lot of the debt and pretending that everything is okay. And as long as people have faith in the dollar, as long as people have faith in the government, then everything can continue on. We've already seen that in the US, the American dollar, when the Federal Reserve was created, the dollar was worth 100%, now it's worth 3% of what it was.   In theory, it could continue to go to 0.000001% of the original dollar. We're just having inflation very, very slowly that just keeps the system going and the debt keeps getting bigger and bigger and bigger. And as long as they're able to keep the money flowing, then it won't collapse.   But we're at a point now where that is becoming evident and more and more people are starting to realize and countries are starting to realize that this can't carry on. And at some point, and we've had a couple of incidences where things were going to collapse. Back in 2000, we were at a point where things were going to collapse and the government intervened and they started printing money and they stabilized everything.   In 2008, we had a situation where the whole system ground to a halt. So the government started printing more money and started bailing out the banks that were collapsing. So that gave us new life.   And then the money printing went, instead of gradual, it just started going hockey stick. We're at a point now where it's hockey stick. And we are very close to the end because once you're at hockey stick, you can't continue going indefinite.   So to me, the sign is that we are now rapidly, the dollar is losing value and we're just creating debt at exponential levels right now. So that's the difference.   [Will Dove] If I'm understanding your explanation correctly, in a very simplified way of stating it would be that we're reaching a point where the dollar is worthless. Yeah. Okay.   Bryce, what's your opinion on this?   [Bryce Wade] Math. The math tells you that it's impossible for it not to collapse. And you only have to look at any time in history to prove this out.   In all of human history, there's only been four ways that you can make a transaction. That's barter, gold and silver, some physical type of intermediary, fiat currency, which is essentially debt or cryptocurrency and central bank digital currency. Those first three, you have basically a voluntary ability to make a transaction.   The central bank digital currency, you can force a transaction. And so what we're seeing now is that the amount of money that it takes to have a transaction for something that you want but don't have is going up. And we printed so much money, like ungodly amounts of money.   Where did all this money go? How has this money gotten into the environment that we live in, the economy? And if it's printed from nothing, and it's owed at interest, where does this interest come from?   The way that the economy is set up is on debt and interest. You have to pay the interest. If you can't pay the interest, things collapse.   That's called the default. So at some point, things are going to default, and they already are right now. So what we saw in 2008, which is a very good indicator of what these collapses look like, because that's essentially what happened, is the banks collapsed and they couldn't lend anymore.   Our economy functions as a matter of or with the fuel of debt. So the fuel of debt fuels the economy. And if you can't get debt, you can't increase the size of the money supply, you can't create economic activity, and everybody's like, oh, I gotta borrow money to pay this interest that I owe.   So at some point, mathematically, this ends. It's ended every single time throughout history. The longest serving currency that we have right now is the British pound or the Dutch whatever it's called.   I can't remember the name of it. Gilder, thank you. Those are ancient, but they still are a shadow of what they once were.   And there's no reason to think that the U.S. dollar is any different. The only difference of the U.S. dollar is scale, right? Because it's used in so many transactions around the world.   But there's a really old saying, how did things go so badly? How did we get here? Well, slowly, slowly, and then suddenly, right?   And all collapses are the same. Everything's fine. Ben Bernanke's like, hey, don't worry about it.   And then it collapsed. So at some point, well, if we're seeing all of this bad data, and we're going to talk about a whole bunch of these data points that you can see in your own life today, all of this stuff is pointing towards something bad, not good. Because I always try to do the math of what is our trajectory?   Because that's the best indicator of where things are going, is are we going up in a good direction? Are we going down in a bad direction? And literally all economic data right now is pointing to bad.   So the only thing that's stopping us from being in this recession is the media that's telling everybody that it's fine. So the panic hasn't set in yet, but it will, I assure you. All right.   Warren, what do you think?   [Will Dove] Okay. Well, I mean, what Bryce was just saying there, this has been done before, this playbook, where the dominant power, whether now it's the US, before it was the British, the French, the Dutch, and the Portuguese, the last 450 years, we see this pattern repeating where their currency is getting debased through printing of money. And this time it's unique in that the whole world is doing it.   So we have a 300 trillion plus debt economy. So it's all based on debt and it is not sustainable as these two gentlemen said. I mean, if we look at history, we've had over 700 fiat currencies and they've all went to zero.   I think the average person on the street, we really have recency bias and that we've never seen this before in our lifetime. Many of us, especially over here in North America, we've lived under the umbrella of the US dollar, been quite prosperous really compared to the rest of the world, but it is coming to an end. And there's lots of things on the horizon.   As Bryce said, it's unsustainable, the debt levels. There's also central bank digital currencies that we know, there's over a hundred countries working on them. And the backdrop and what I'm here to talk about is the gold and silver.   And gold and silver, again, has been that store of value for 5,000 years and it is recognized by every country in the world. And we see now countries buying record amounts, central banks buying record amounts. China recently, and I'll bring some this up later, but China, not only are they the number one gold producer in the world, they surpassed Peru as the number two silver producer.   Now we find that they are actually buying unrefined silver from South America, Dory, and refining it themselves. This tells you where the world is going, the central banks, China, the BRICS with gold and silver. So again, my message is the same and that, yeah, it's not sustainable and protect yourself by getting some gold and silver.   All right. If you gentlemen would stick with me for just a few more minutes before I open the floor for you to discuss whatever it is you want to talk about today. Everything you've just said has sparked a couple more questions and I think I have to ask them before we move on.   The first one is this, most of the viewers and certainly you gentlemen understand fractional reserve banking. As Bryce was saying, it's an economy based upon debt. And of course the fractional reserve ratio varies throughout the world.   I think here in Canada, it's currently zero. Places where it's maybe 10 or so, so you can have, you can loan out $10 for every dollar that's in your vaults. And if the dollar now is moving to a point where it's becoming worthless, is that not then magnified many times over by all that debt out there that's based on it?   And what's the effect of that going to be when the collapse comes compared to fiat currencies in history that didn't have that kind of multiplier on it? Once again, Adrian, I'd like to start with you.   [Adrian Spitters] Well, let me just finish. The other thought is trust is another big part in when a currency collapses. We were on the brink of collapsing in 2019 when the overnight lending rate skyrocketed, when institutions stopped trusting each other, when borrowers stopped borrowing, and it's the velocity of money.   When people aren't spending money or borrowing money, then things grind to a halt. Further to your question, there is so much debt out there right now that when the velocity of money stops, everything starts crumbling. And that's going to be the trigger point that things will blow up.   I don't know the exact trigger. It's going to be an institution that blows up, can't make their payments, people start bailing, institutions start bailing. We don't know.   But there is this derivatives market that's worth between two to four quadrillion dollars. And that is leverage upon leverage upon leverage. And that's where it's going to start collapsing because the collapse is going to start in the bond market.   It's not going to start in the stock market because the bond market is what runs global economies.   [Will Dove] And that too is leveraged to the ultimate.   [Adrian Spitters] Leverage upon leverage. Right. And you will see it in the debt market first.   When everybody loses faith in the debt that they hold. All right. Bryce, what do you have to add to that?   [Bryce Wade] Yeah. And to kind of segue further into that, the bond market itself is basically selling U.S. Treasuries. U.S. Treasuries is essentially the bedrock of the financial system as it currently stood for Bretton Woods. And they've made gold a tier one asset equal to U.S. Treasuries, which hasn't happened before. Well, technically it was like that before U.S. Treasuries were the standard when gold was the standard, obviously. But now because of that, you have an exchange for high level institutions that can use gold instead of U.S. Treasuries. And so this is one of the reasons that you're seeing so much gold go into the hands of central bankers. They are preparing for the end of the U.S. dollar as we know it. And to segue out of that for a second in the political sphere for a second, you've got the two candidates in the U.S., Donald Trump and Kamala Harris, have very stark differences in what they're proposing to deal with this situation. So on the one hand, you've got Kamala Harris saying, hey, we're going to do unrealized capital gains taxes, which is literal communism and economic suicide and stupid beyond all imagining. But hey, live in cloud world all you want, right? And then on the other side, Trump just came out the other day and said, hey, we're going to do 100% tariffs for countries that de-dollarize, which is, you know, a nuclear option in a couple of different ways, because that's actually how countries used to fund themselves before they started taxing their own citizens to death.   Right. So, I mean, that's a totally different conversation. But to your question, what will happen if the BRIC stations, 126 of them now say that, hey, we're not going to use the dollar anymore.   The dollar more or less collapses and it hyper inflates because all of that money, if they're not using it anymore, goes back to its originator or where it is. And so they get exchanged out of U.S. dollars into other things, i.e. the BRIC's currency or gold or whatever, right? Because you can still use U.S. dollars right now to buy whatever you want, right? And that's kind of the, that was the power of the U.S. dollar is it was a medium of exchange that everybody recognized and everybody accepted and everybody trusted. So if you lose that trust, which a lot of trust was lost when they sanctioned Russian assets and they seized assets in other countries. So a lot of trust was lost there.   And now they're like, the world rather is looking at it like, hey, if you can sanction me and take my stuff and seize my assets, I don't trust that anymore. I don't want to use it anymore. Right.   And so what we're seeing in real terms is a bifurcation of the planet into the West and the East. And, you know, for lack of a better example, we're really looking at the fall of Rome in the sense that that level of collapse of the West would happen if the U.S. dollar collapses, because the world and the economy is essentially based on it and using it as the liquidity pool for all transactions, more or less. So they're like, the U.S. dollar is about like 55% of global transactions right now. So if that declines significantly and it's replaced by BRICS, well, that's a big problem, to say the least.   [Will Dove] Now, Warren, I'd like to adjust my question just a little bit for you due to your expertise with gold and silver. And you mentioned earlier, there's been this huge number of fiat currencies throughout history and they all collapsed. And of course, for our viewers who may not know what a fiat currency is, it's just a currency that's issued by a government perhaps who says, well, it's worth this much.   It's not backed by anything. They just said, well, that's what it's worth. So, however, if we go back in history, before we had fractional reserve banking, before we had this huge amount of leveraging of debt, if a fiat currency collapsed, I mean, it was a disaster, but I think it was probably not a disaster on the scale of what we're looking at right now, because it wasn't so highly leveraged.   That was back when a currency was backed by gold or something. And so, okay, and then they took it off of that and they said, okay, it's worth this much to turn into a fiat currency. But originally it had been backed by something.   It's been, what, something a hundred years since the dollar has been backed by gold. So, my question once again is, how does that huge leveraging affect the collapse when it comes? Right.   Yeah, I think the exotic debt instruments and modern monetary theory where we can repackage, like look at the mortgage crisis of 2009, we repackaged these mortgages and sell them across the world as these exotic debt instruments. The technology is accelerated so that we have all these financial services where we're not really producing anything tangible, but we have this giant system around the world. And the center of it is the US because they were given that world's reserve currency, that exorbitant privilege with the Bretton Woods Agreement.   And I don't know if any of the viewers recall, but about a year ago, they caught, I think it was Xi in China talking to Putin, it was probably two years ago now. And he said, we're going to end the hundred years of this dominance. And so, the leveraging, I guess I'm trying to answer the question too, in terms of gold and silver.   Having a gold standard, which we had up until 1971, that was a gold exchange standard where countries could exchange the US dollars that were spent in their nations for gold. That has almost kept countries honest, governments honest. Why?   Because they cannot just print currency out of thin air. They have to adhere to their standard. For the US, it was 40%.   That was very common, 40% gold reserves to keep them from producing, limiting the amount of money that they could produce. And once that was removed in the 70s, in 72, 71, when Nixon gave that speech, August 18th, 1971, the whole world, because they're tied to the US as the world's reserve currency, is no longer pegged to anything intangible anymore. So, the whole world is doing this.   And so, the debt leveraging, the derivatives and everything, it's just magnified. The whole world is doing this. So, it is totally unsustainable at a macro level, and then even regionally in each economy.   What's one statistic about Japan? Their GDP, their debt to GDP is over, it's approaching 300%, isn't it, Adrian?   [Bryce Wade] Yeah, it's like 270% or something.   [Will Dove] Yeah. And the US now is at 130. So, 130% of their debt, their debt, the interest...   Here's some unsustainability and I'll stop. Canada, our debt payments, just the interest on our debt, on our sovereign debt, is what we're spending on healthcare. In the United States, the interest payments on their $35 plus trillion sovereign debt is now their military budget.   [Bryce Wade] Which is 20% of their cash flow, should be noted.   [Will Dove] So, it's a death spiral, and the derivatives make it worse, right? So, there's many experts out there that are saying, the cycles of boom and bust, let's face it, that's part of this system. It's always been that way, or for many years.   It's just going to be bigger this time. Much bigger. The crash, because of this derivatives, I guess.   Maybe I'll just leave it there. Yeah, that's a really good point, Warren. Bryce, you can jump in just a second here, but I want to make sure that people notice this.   What Warren told us, and it hadn't even occurred to me until he said it, we have this huge industry now that is built on sustaining this economic system that produces nothing. So, when it collapses, when people lose their jobs, it's not going to be 25% unemployment. I don't know what it's going to be, but it's going to be a heck of a lot more than that, because you've got this whole sector of people working these jobs that produce nothing, and the system is going to collapse.   Yeah. You know, 2009, we got a little taste of it, right? Where Lehman Brothers collapsed, Bear Stearns, and they said, oh my God, this contagion, because we're the US, this will spread around the whole world.   This could be the nightmare scenario. And they printed a whole bunch of money and started QE, Quantitative Easing, and bailed out the financial institutions. Well, now, where are we?   15 years down the road, it's way more magnified, because we kicked the can down the roads too many times. And it's like these guys are saying, it's just hard to quantify, but it's going to be bad.   [Bryce Wade] Yeah. Let me see if I can visualize this for everybody, to put this in the orders of magnitude of how bad this is. So let's say we all here have 10 bucks each.   One of us takes out a loan for like a million dollars. So like 100, 1000 times, 10,000 times? 100,000 times.   100,000 times how much money you three people have sitting here if I take out the loan. I can now go buy anything I want. And if you all have 10 bucks, I'll be like, hey, I'll give you 20 bucks for this stuff.   And by double, I can bid on everything that you can possibly bid on. So I can get everything first, because I don't care how much it is. So what we see and what's happening is we see this massive inflation in the money supply.   All of this money, let's say that all of humanity has this much money. If we inflate the money that's in the supply by this much, and then this much, and then there's this much more money sloshing around the economy, but the same people have the same amount of money, where did all this money go? And what is it doing?   And so if you have this massive inflation, so everything is getting more expensive for Joe Blow, everybody, you, me, and everybody else, but the people at the top just have all of this money to do whatever the hell they want with. But then, and this is the important part and what's probably going to happen, is then you have deflation. So the amount of money that you have in your pocket is now worth less in a different way, because inflation increases the, or decreases the value of the money.   The deflation is the lowering of prices, so that you can't, so there's no demand, right? So if you have, I'll explain this easily. You have a whole bunch of things in the economy that people do for transactions, right?   And if the producers of widgets can't make money on those widgets, they stop producing, right? This is why price controls are just stupid, and they never work. Because if I can't do something to make money to survive, I'm not going to do it, right?   Basic supply and demand. And so if you have a massive amount of inflation, and then a massive amount of deflation, which is what we see in China right now, it doesn't work for the economy, the people that are producing stuff. And there's a great Ayn Rand quote that I can't remember, so I'll just paraphrase, but it basically amounts to, if the people that are in a society are producing everything, and the power structure of the civilization moves to people that trade in favors rather than things, you know your society is doomed.   Paraphrasing, to make it simple, is when you have an economy based on things that are not producing, they're just controlling or selling financial products, as an example, there's nothing really of value there. And that's what the West is really built on right now, is exporting alphabet soup and financial products and war and nonsense. And so the real key to the underlying economy is you have to produce something that people want.   And if you don't, eventually your economy crashes, because why would I buy stuff that I don't want, right? Right.   [Will Dove] All right, John, so one more question before I'm going to let you guys go with all the information that you always bring to these interviews. And it's related, because in my mind, and maybe I'm completely off base, and if you think I am, please correct me. But what's going on right now is yes, we've got a system that's going to collapse, but the powers that be, the globalists, the wealthy, are propping it up until they've got something to replace it with, hopefully for them, CBDCs, that's what they want to replace it with.   And they'll keep propping it up until they're ready to go with that system. But there's a wildcard in there, and that's BRICS, which I don't think is exactly part of their plan. I'd really like to hear your gentlemen's view on this.   And actually, I think I'd like to start with Warren on this one, because as what you were talking about earlier, with all these governments buying up gold and silver, and some of them are very much BRICS countries, how does that BRICS fit into this? How could that possibly affect things in terms of the coming economic collapse and the direction we might end up going in if the BRICS currency takes over as opposed to the globalists getting their way and getting a CBDC set up? Yeah.   Okay. So that's a great question. I love these macro questions.   I really follow it. I'm quite passionate about all of it. So here, I just want to share a screen.   Okay. So I'm going to interweave the question about the BRICS with the central banks. So the big entities of the world, the architects of the financial system, if you will, the central banks of the world under the Bank of International Settlements, which is under the IMF, they're buying record amounts of gold.   Because like Bryce said earlier, gold was elevated to a Tier 1 asset, which previously used to be the domain of just the US dollar, the euro, the yen. Gold is elevated to a Tier 1 asset by the Bank of International Settlements, which is the central banks, in January 2023. So you have this happening, which is they're buying record amounts of precious metals.   And they are the biggest entities in the world to do this, right? So what does it mean? It's like a gold rush.   There is the World Gold Council's independent body measuring flows of gold around the world. And that's one statistic there. They bought, the central banks bought more gold than they have in 2022 since 1967.   Well, what does it really mean? It means that just like you and I today, we have concerns about this fiat currency. We're losing our faith in the currency because it's not backed by anything.   We'll see with the central banks. And that's the question, which I call it the no-brainer question. I say it's the no-brainer, which is, if they're doing this, then it should be a case of don't do what they say, watch what they do.   We should be doing the same as storing up some precious metals to protect our wealth. Now, let's bring the BRICS countries in here. So there's this concept of revaluation of precious metals and that you have these big entities like the central banks, like many of the BRICS countries, buying record amounts of precious metals.   Well, what better way for them to get rid of some of their debt and revalue gold? So instead of gold being right today and it's close to its all-time high, 2,500 US, why not 10,000 US? Get rid of your balance sheet.   Get rid of your debt off your balance sheet. But the BRICS countries, they are formulating a plan to come up with a new currency. This is open discussion now.   And it's been going back and forth. Well, China, we know that they've become the biggest gold producer. They've been producing gold for 20 years.   They have their own exchange now, the Shanghai Gold Exchange opened in 2002. And they're talking about a more equitable way of dealing with the world, the BRICS countries. So they've had this, like Bryce said, weaponizing of the dollar.   So taking Russia off the BRICS, the Swiss system, for example, that just accelerated the move away, de-dollarization, if you want to call it, away from the US economy, because it's not fair. And furthermore, unfortunately, the US has created a lot of wars and other things with their fiat currency. And so these countries, BRICS, they want a fair shake.   They want a new system. We could call it different things, Great Reset. So what they're doing, buy a lot of gold, but also they have this thing here now called, this is the unit.   All right. So this is a digital currency. We don't know for sure that they will go with this, but there's talk that they will.   And so it would be a new currency that works outside the SWIFT. So there's an alternative, the SWIFT is, think of it the highway, the highway of sending money around the world right now. It's an archaic old system.   And using this other system called Enbridge, that the unit may be their currency. They're seriously been talking about it. And what I want to point out here with the unit is this hard rate here, where you have to have a 40% gold reserve, right?   And they've got it half, even the BRICS countries, they're meeting in October in Russia. And guess what Russia just announced on Friday? Russia announced that they are increasing their gold purchases by 600% for one month.   So they're going to have a lot more gold when this meeting comes around. So this is a very possible scenario where they move to a currency such as the unit and it has gold. And so there's that bifurcation of the world that Bryce mentioned too, but then we also see some Western countries starting to chew up to join BRICS.   So it's going to be very interesting. I guess at a positive, I try to, you know, by nature, I'm positive. And I hope that maybe a more multipolar system, if you add another currency, that's not just the US dollar, like for example, the unit embraced by the BRICS countries, maybe that'll lead to a better world.   That's what I hope. So, yeah, I don't know if that answered the question. I think it did.   Bryce, I'm going to ask you to weigh in next, please. And if Warren can get you to stop your screen share there. Thank you.   [Bryce Wade] Yeah. So one of my major predictions from all of the knowledge that I have right now, and I'll kind of just make this a quick summary and then we can move on to Adrian. So what Warren just showed is that there is a desire and effort and time and energy being put into replacing the US dollar, right?   In investigations, you never win. Like if the cops or the state is investigating you, you can never win because they have such an unimaginable amount of power and time and resources to leverage against you. They will find you eventually, right?   That's just how it works. Because we have the most advanced data dragnet in all of human history, right? And in the same way, in this instance, if somebody is trying to get out of a system they see as oppressive, they'll dedicate unlimited amounts of resources to that goal because they're like, I don't want to be under the control of somebody else, which is what a currency is in the way that it's being used today, right?   So the weaponization of said currency doesn't just happen in the US. China is absolutely doing it too. They are more guilty than anybody about leveraging their debt and their payments and political sphere to achieve their political goals, which is, we can talk all day about that.   But my point here, long winded as it is, is that what Warren just showed is that I think there is a concerted effort to replace the US dollar with a central bank digital currency. And that essentially, what that essentially showed is a central bank digital currency in all but name. But being backed by gold, right?   Because I think that is what is happening is they're trying to get as much gold as possible into the hands of the central bankers and the people that control that. So that when the US dollar collapses at some point, they'll be like, hey, don't worry about it, guys. We've got all the solution right here.   All you have to do is sign up with your digital ID, get yourself into the system, and you're good to go. They're going to make it. Two things have to happen for this to be rolled out.   Number one is the system that currently stands has to be destroyed. Because why would I upgrade your authoritarian garbage system if I can feed my family and have a transaction and I have freedom and all this stuff works as it has worked my whole life, right? That's number one.   So you have to create the demand and then you have to make the supply, right? And so then you have to have a system that is ready to swoop in and replace it as everything is on fire and absolutely collapsing, right? And so you need a great reset to make that happen.   And so my personal prediction is they're going to destroy the US dollar intentionally and roll out a central bank digital currency, some sort of system to replace it. Now, I differ with other people a little bit in the sense that I don't think Rex is like the savior. I think absolutely the opposite, because China is supposed to be the tip of the spear for that.   And I wouldn't trust China as far as I could throw my house. So that's zero for anybody that thinks I live in a tool shed or something. But the ultimate point here is that the goal is central bank digital currency so that you can be in a system that is non-physical, as gold and silver is and fiat historically was, so that they can control the transactions that you do.   Because as soon as you get people into a system that is like that, you can never get out because all of the previous ways to make a transaction other than barter are now unavailable because you have to be in the system to make that transaction. I think that is the ultimate goal, regardless of what we're talking about, left, right, east, west. That is the ultimate goal, is ultimate control of transactions, because once you have that, you are a slave.   Then there's no way to get out.   [Will Dove] Adrian, your thoughts?   [Adrian Spitters] The fact that China is involved in the BRICS tells me a lot. They already have a control system. The BRICS system is going to go digital.   Ward just talked about that. I think it's going to be a form of a digital ID on the east side, only because of what China has done and is capable of doing. It tells me that it's going to be some form of digital ID that's maybe not the same as the west, but they're creating their own version.   That's my thought. Another thing is a year ago, the governor of the Dutch bank was questioned about, are you concerned about the level of debt that you're accumulating? He said, no, we have ample gold reserves to cover our debt.   Now, at the time of the question, the amount of gold they had on reserve was a fraction of what they would need to cover the debt. But they have something, and a lot of the Western nations have a revaluation account, where if they revalue the gold to equal the debt, you then just wiped out your debt. Well, that's good for the central bankers and the government.   They can wipe out the debt, but the debt's out there. The average citizen now carries all the debt, because they don't have the gold to pay off the debt.   [Will Dove] Right. Now, gentlemen, I'd said that I was just going to ask you two more questions, but I'm afraid everything you've just said has raised one more. I'm sorry for sort of delaying us, because you always come armed with a huge volume of really good information for my viewers.   But I think this is really important. I want to put together a few things that you've said. Warren, you pointed out this unit system that's going to be backed by gold, but as Bryce mentioned, it's essentially a central bank digital currency.   We've got the globalists, and I use that term very broadly, wanting to bring in central bank digital currencies. So, it looks like no matter what happens, we're going to end up with some kind of central bank digital currency. Now, let's add another point to that.   As all of you have mentioned, we've got central banks buying up huge amounts of precious metals. Are they building a central bank digital currency system, whether it's unit or whatever it is, that's actually backed by gold, so it'll be stable, except they have all the gold, which is how they control it.   [Adrian Spitters] That is exactly what I sensed they're doing. That's my prediction. Yeah.   [Warren Keane] Okay.   [Will Dove] Yeah. I mean, if we stick to the facts, we know that they are buying record amounts. We know that the digital currencies are coming in some shape or form.   Again, to go back to what Bryce said, it is the ultimate control because they're controlling the money supply. At this time, it's digital with all the possible invasion of privacy. We'd hope that we would, we being a nation of peoples, would sort of band together and say, we demand that the invasion of privacy stops and so on, but it seems to be heading the other way.   Having gold-backed digital seems very… A digital currency backed by gold, it just seems the way things are going. It's going to, I believe it's going to happen.   It's already happening in some shape or form, right? You have some entities now that are providing gold and a credit card tied to it. And so, you have this vault of physical gold and you can access it through a credit card.   I do think that that's coming and it will be available. The diabolical part of it, if the central banks, if they become the entities of this money, they could end up with another version of what we have now, printing money. We want it backed by gold, so they're not printing out of thin air.   It's something back to it. But I guess I'm going around circles a bit here. Digital currencies are coming whether we like it or not.   It's a fact, right? And so, it behooves us… I want to jump in there, Warren.   Sorry. And just make a comment on that. Yes, digital currencies are coming, but not necessarily linked to a digital idea and a social credit score.   That's the thing that we can stop. But I think you're absolutely right. We got to use the idea that a central digital currency is coming.   Yes, exactly. Exactly. And so, right now, they seem to be digital representations of a fiat currency.   In other words, it's not one world government currency. It's individual sovereign nations making their currency. And we have things like in the crypto world, like Ripple and XRP to be the rails and so on, and have that digital money flowing back and forth.   But without some kind of standard where the currency creation is based on something physical, a real commodity like gold and silver, we could end up with… that doesn't cure the problem of debt creation, not a press of a button. And so, I think over here in North America, unfortunately, we only have about 1% of the population, less than 1% that owns physical precious metals compared to some places like India where it's 18% of their wealth is in gold or silver.   They've seen… I believe it's because those cultures, China, India, for example, have seen currencies and governments come and go throughout their history. They're a lot older than we are.   And so, they're just more attuned to it, and it's part of their culture, but they're buying it to preserve their wealth. And because you know the central banks are doing this, you know the big entities are doing this, it behooves us, being us here and regular people on the street, North Americans, for example, in the West to buy precious metals to protect our own wealth. It's not really happening much right now though, for the individual person.   But where you gentlemen have led me to this, and I'm going to jump to a conclusion here, but I think it's a fairly obvious one with everything that you've put together. If we are moving towards a digital currency, which it appears that we are, it's going to happen. And that digital currency is going to be backed by gold, at least to a great extent.   And the banks, the central banks, governments, they have almost all the gold. When the current system collapses, those people, those individuals who own gold or precious metals are going to be in a much better position than those who do not, because you actually have something that in a weird kind of way, maybe a better way to put this is in a weird kind of way, this whole move towards a digital currency is moving us back to a gold standard. And if you have gold, then you have something of value.   And if you don't, you have nothing.   [Bryce Wade] Yeah. And I can summarize that point really well, actually. So you got to think about how much gold is actually out there, right?   There's about 250,000 tons. So it's generally accepted that the US has the most at 8,300 tons. That's literally less than 1%, way less.   Or is it, no, sorry, that's 2%, roughly 2%, 3%, 3%. I hope my math's right. I don't look like an idiot.   But anyway, the point I'm making is that there's a very small proportion that's backing the US dollar, right? And what's out there, somebody has always controlled that because about 90, 95% of all the gold that we've ever mined as humans has been in somebody's control, right? So what you see with that is even back in Roman times, right?   Somebody owned that gold. So when Rome collapsed, somebody held that gold and they moved off to somewhere else and they used that gold at the next place, right? Whatever the next place was, the next system or the next currency or the next, whatever it was, hey, I've got gold.   I can bring something to the table of value that everybody accepts as valuable, right? And so what gold is in this respect is a movement of value through time. So if I hold 10 ounces of gold from a hundred years ago, and I give that to my family, my family wealth has been sustained over that time, regardless of what's happening in the economy.   I still hold that value and that asset, right? And so the idea of protecting what you've built up shouldn't be measured in dollars. It should be measured in assets and what you're able to do with those assets, right?   So a third party risk, and the reason that we use currency is that if I give you 10 bucks, you can go and take that 10 bucks, go purchase something that you want, right? So that's how the velocity of money continues through the economy. And if that $10 is no longer worth $10, it's only worth $1, and I need 10 times as many dollars to get the thing that I want that I could have gotten for 10 bucks yesterday, I'm now not as inclined to keep dollars.   I'm more inclined to keep an asset that I know I can trade for the things that I need and want or to survive or whatever. And so gold and silver has historically been that ultimate safe haven asset that no matter what else is happening in the world, I know that if I have this asset, I can trade it for something else that I need in the future because it will hold its value. Right.   [Will Dove] Gentlemen, thank you so much for bearing with me. We don't usually have this kind of a long discussion at the beginning of these interviews, but we started with one question and everything you said just sparked more and more. And I really like where we ended up because it's a very good summary of where the economy is going, the fact that we are going to end up with digital currencies and the fact that those digital currencies are, in a weird kind of way, going to be returning to the gold standard.   So if you have gold, you're going to be way better off than everybody else when the current system collapses. However, you gentlemen always come to these interviews armed with a huge amount of data to show us where we're at, where things are going. I'm going to invite you now to present that.   Which of you would like to go first?   [Bryce Wade] I think we'll start with Adrian and then go to Warren and then I'll finish up because, so typically what I'll do is I'll contextualize everything in the context of what's happening in the wider world and then the economy within that. I'm going to do that in the opposite way this time. So Adrian's going to overview what's happening with the economy.   Warren's going to talk about what's happening with gold, and then I'm going to contextualize that with everything else. So you asked at the beginning of this, how can we tell that this is going to break? How can we tell that this isn't going to work?   How can we tell it's going to collapse? Well, that's literally what we talked about. And so what we're bringing in today is all of the data and all of the examples of why it's not working and how it's not working.   And Adrian's going to talk a whole bunch about this really good data that we'll show you. Time's ticking, friends.   [Will Dove] All right, Adrian, the floor is yours.   [Adrian Spitters] All right, I'm just going to share a screen here. The first thing that I want to cover is something called the SOM rule. It is an indicator that has been extremely accurate that predicts when an economy, a country is heading into recession.   And what it is, is a chart of the three-month moving average of unemployment rate versus the 10-month or 12-month moving average. And when the three-month number, can you see the chart? Yes.   When the three-month number is 2% or half a percent above the 12-month number, it indicates that we are in a recession. So the SOM rule has been activated. And even though they're still saying that we're not in a recession, this is an indication that we are in a recession.   And if you go back to every time where that number crosses the red line, we're in a recession. So now usually recessions aren't announced when we're in a recession. They usually announce that recession has happened after we've gone through the recession.   So it's always backwards focus. So we're in a recession and we won't be told that we're in a recession until after we're well into the recession and it's very obvious and or we've come through the recession. Then they say, oh, that period was a recession.   So that is a strong indicator that we actually are in a recession. The other indicator that we're seeing is that the job numbers are collapsing. They've been saying that the economy is doing fine, jobs are great.   And now the numbers are coming out and everybody started to wake up to the fact that the job numbers are terrible. And that's what's causing the volatility in the market is that people are starting to realize that maybe things aren't as good as we're being told.   [Will Dove] Well, yes. And I was looking up the numbers just this morning before the interview. And according to Government of Canada's own statistics, since January 2023, the employment rate has been falling steadily.   [Adrian Spitters] Yep. Yep. It's collapsing.   And that also then shows up in the economy that consumers are tapped out. Walmart, Target, Home Depot, restaurants. Restaurants.   There was one YouTuber that I was following on the Memorial Day, no, the Labor Day weekend. An airport usually would just jam packed. It was empty.   Airports are empty. So the consumer are tapped out. When the consumer is tapped out, you're obviously in a recession.   People just don't have the money to spend right now. And now we're seeing US housing market, the prices are starting to collapse on the residential homes in the States is becoming more evident. The mainstream media is starting to report that.   So everything is pointing to that things are getting pretty dire in the States. Our media is not really saying that so much other than a few publications like Better Dwelling is saying that housing sales are collapsing. So we're starting to see that in the mainstream as well.   So the point is that we are in a recession. Another graph I just want to quickly show is we're being told that they're dropping interest rates because inflation is under control. I don't believe that inflation is under control.   They're manipulating inflation like they normally do. And they're gaslighting us and saying that inflation is under control when in fact, the inflation is not under control. If you look at this graph here, this is a, it's called shadow stats that measures inflation based on how inflation was measured back in 1980.   The basket of goods that they measure keeps changing to go with the narrative. So to reduce inflation, they changed the basket. So inflation is they say is here when it's actually up here.   The real reason they're dropping interest rate is because the economy is collapsing. They have no choice but to drop interest rates, which is going to spur inflation again.   [Will Dove] Yes. While it's already, if I'm understanding your graph there correctly, up around what 12, 13%?   [Adrian Spitters] Probably. But if you look at your own food basket, look at your own consumption of energy, your gas, your hydro, your foods, everything, you're probably, Martin Armstrong says we're probably over 20% still.   [Will Dove] Yeah. And some more statistics I looked up just this morning. Once again, folks, this is directly from Stats Canada.   We got the consumer price index up 2.5%, which is telling us, and remember, they're fudging it as, as Adrian says, they're fudging this, but saying that overall it's costing us two and a half percent more to live than it did a year ago. Break that out of this food is 2.1%. And think about how everybody's talking about how groceries are getting so expensive. But then we were just talking about housing markets collapsing.   Well, no wonder that's up 5.7% in the last 12 months alone. Who the heck can afford to buy a house? Yeah.   [Bryce Wade] Certainly not third world immigrants.   [Will Dove] No. And that's, that's another thing that I wanted to bring up and I'll get, you know, and Adrian, I realize you're not done, so I'm going to get your comment on this and then keep going. The proponents of massive immigration, they like to talk about how it increases the gross domestic product and therefore it's good for our economy.   And if you go to Stats Canada, you look at their GDP chart, sure enough, yes, they are going up. But then if you go and look at their gross domestic product per capita chart, that is going down. It's going down so badly that there's a note right on the chart that says GDP per capita would need to grow at an average rate of 1.7% per year to get back to trend in 10 years. And I went and I looked at it. They've got the chart back to 1981. And if you look at that, you go from 1981 to 2020, it increased by less than 1% per year.   And they're saying it would have to increase by double that over the next 10. When it's going down, that's not going to happen. It's spiraling into the ground.   [Bryce Wade] That sounds unsustainable.   [Adrian Spitters] Yeah. And these immigrants are not getting jobs. I was just watching a video.   What jobs? Yeah. Job fairs in Calgary, lineups are around the block trying to get a job.   There are no jobs, even in Calgary where supposedly the economy is booming. Maybe the economy is booming, but there are more people looking for work than there are jobs. And a lot of them are the immigrants.   Now, the one thing that our government is basically paying these immigrants to live, and they're not working. So it's our taxpayer money that's funding their spending, right? So that's not GDP.   That's just spending, spending money that's recirculated from the taxpayer, getting us further and further and further into debt.   [Will Dove] So I'm going to let you continue now, Adrian. You've already shown us we are in a recession. Yeah.   Regardless of whether they want to admit it. We've got GDP per capita is crashing. We've got just about basically every economic indicator is spiraling into the ground.   But you've got more for us. Keep going, please.   [Adrian Spitters] Well, that's all I have on this one. I can segue into what caused the flash crash in August, which sort of tied into it because it started with the poor job numbers and the market started correcting. Yeah.   [Bryce Wade] The data actually came out as the trigger for that.   [Adrian Spitters] Yeah. It was a trigger. And then Japan raised their interest rates.   It's called the Japan carriage rate. And a lot of the leverage out there in the derivatives market is attributed to borrowing at near zero interest rates on the Japanese yen and then reinvesting that money, not productively, just investing in U.S. treasuries or a currency with a higher payout. And as long as they can have a significant spread between the Japanese yen and other currencies or other goods in other countries, then there's a huge profit.   So what a lot of these entities were doing is they were leveraging multiple times. They would borrow from Japan, they would invest in U.S. treasuries, and then they would leverage out and it would be like 10, 10, 20 times leverage. And that's all part of that derivatives market.   And then when they raised interest rates from 0.1% to 0.25%, it doesn't sound like much, that's 250% increase. That's a huge, huge number. So that on top of the jobs numbers just freaked out because now all these entities had to start unwinding their positions.   So that caused a massive correction in the Nikkei. And that just then translated to further fueling the downward spiral until the government intervened and started printing more money again. Japan was told, don't do this again.   And Japan says, okay, we're not going to raise that much in any given time. And we'll give them forewarning to ease the raising. So then they were able to stop the market.   And during that time, the Fed was in buying up bonds like crazy to stabilize the bond market. They were actually buying up stocks to stabilize the stock market. So they were heavily in there trying to stop the market and they managed to turn it around within a week.   So it didn't mean that the issue went away. They just bailed it out and just got themselves further in debt.   [Will Dove] Right. Now you and I actually had a discussion about this on my news program a few weeks ago, where I asked you about the chart that you gents have showed a number of times, the comparing the 1929 crash to now and where we're at and how it's all tracking along. Could you bring that up please, Adrian?   And just talk about the flash crash and how that's fitting into that whole pattern.   [Adrian Spitters] Yeah.   [Bryce Wade] I'm just going to do that now.   [Will Dove] We actually have a whole segment about that today, but I'm just wanting Adrian to go over this very briefly right now and then we'll get back to it in more depth later.   [Adrian Spitters] Yeah. This is the chart that we've been showing that shows what the Dow did back in 1929. And if you look at this chart here, it's now a year old, but we're tracking very, very similarly to the 1929 Dow chart.   So that indicates that we're near the peak and it's going to go down. I have another chart that I just found. It's a little bit more current and it's this one here.   And it shows how we are tracking the 1929 Dow index with the current one. And it seems to track very, very, very closely to it.   [Bryce Wade] If this chart is right and we follow this trajectory, that's saying that we got three months until the crash.   [Will Dove] But now hang on. And Bryson, no way am I trying to invalidate what we've just said. But when Adrian and I spoke about this a few weeks ago, Adrian, you seem to feel that the powers that be are going to do whatever they can to slow it down.   [Adrian Spitters] Yes. And they do that through money printing. They prop up the market.   That's why the Fed has been in for a long time buying up treasuries, stabilizing the bond market. They've been buying up securities to stabilize the stock market. Every time the stock market wants to correct, they've been in buying like a dirty shirt.   The theory I have and a number of the economists that I follow have is that they don't want the market to crash before the election because the Democrats are desperate to get back in. And a crashing market is going to basically doom them from getting reelected. And they're fighting a war.   They're fighting an economic war politically. They're going to try and keep the market stable until after the election. Now, after the election, then if you go to past elections where the economy is already on the brink of turning down, they will let the market correct itself because the market wants to correct.   It's just that there's massive intervention by the Fed. So after the election, all bets are off because let's say the Democrats get in. The best time for a market to correct is at the very beginning of the next term because now you have four years to fix things.   So there's an argument to allow the market to do a thing that it wants to do for the Democrats getting in. But let's say Trump gets in. Well, blame the crash on Trump.   Either scenario, if the crash is going to happen, they're going to basically back off, let the market take care of itself, and then go back in and try to fix it. I don't think that this is the crash that's going to collapse everything because they don't have everything in place. There's no way that this is going to be the crash of everything.   What I really think is happening is, and you've seen it in the stats, that what is really correcting are the technology stocks right now. It's mostly the technology stocks. And I'm just going to show you this chart again.   I shared it before. First of all, the Nikkei is all technology. But then if you look at the S&P again, half of the S&P is controlled by the Magnificent Seven.   And the rest of these stocks haven't gone nowhere. And I found the chart the other day that illustrates this very, very well. You have, this is the Magnificent Seven.   This is how they've performed in the last year. That's crazy. This black line here is the S&P index.   If you took that Magnificent Seven out of the equation, the S&P is flat. Now, the other 493 stocks in the S&P have gone nowhere. It doesn't mean that these companies are overvalued.   They're still back where they were when the market corrected back in 2022. They haven't recovered. The whole recovery that we've been witnessing has been the Magnificent Seven.   So when the market corrects, it's going to be these technology stocks. There's a lot of stocks in the economy that are fair value, that are still in good shape. And professional portfolio managers know which those companies are.   And what's going to happen is a lot of mutual funds, ETF money has to go in here because the ETF money has to buy the representation of the market. And the higher these Magnificent Seven stocks go, the more money flows into it. That's just a natural because you're mirroring the market.   So when it starts crashing, now you've got to readjust your portfolios to mirror the market. Well, that money's got to go somewhere. So even the ETF managers are going to start liquidating money from the Magnificent Seven and start buying because they have to stay in the market.   They're going to start buying the stocks that haven't moved for over two years. So that's going to prop up the bulk of the market that's not tied to the Magnificent Seven. In my realm, we always see a lot of mutual fund managers mirror the market.   They say they're discretionary and they're active managers. A lot of them mirror the market. They buy what the market is.   They don't want to be too far off the market either way on the upside or on the downside. So they start to realize that they've got to rebalance because at the end of the year when they send out the reports, they want to show their unit holders that they don't own the stocks that are crashing the most. So they are also, in addition to the ETF managers, they're liquidating those stocks that gave them the returns to participate with the market and now they're buying into these stocks as well, propping up these stocks.   They got to be fully invested. That's their mandate. So there's going to be a lot of movement with portfolio managers from the stocks that are driving the market to stocks that have been flat.   So it doesn't mean that the whole market is going to crash. It just means that you have to be with a mutual fund manager or a stock broker who understands this or with a private portfolio manager that understands this and make sure that you're not participating in the downfall as led by the technology stocks. That's what I see and I've seen that in past corrections.   [Will Dove] Knowing that markets are driven by fear and greed, not fundamentals, and knowing as you've pointed out here, Adrian, that other than the tech stocks, the Magnificent Seven, it's been flat. They're just not doing anything. What is driving?   You can't have this curve happening, this huge increase in the Magnificent Seven if people aren't willing to pay more for that stock. So from that fear and greed perspective, what's driving this? Why do people suddenly think these stocks should be worth this?   [Adrian Spitters] People are buying. First of all, the media is not covering what's really going in the market. They're sugarcoating that the market's fine, the economy is fine, jobs are fine, and now we're starting to see cracks.   The biggest driver for the market right now is the ETFs. Back in 2008, I can't remember the number, but it was less than half of the buying and selling of stocks were done by ETFs. Today, it's closer to 80%.   [Will Dove] I've got to stop you right there. For our viewers who are not necessarily all that financially educated, that's where ETF is.   [Adrian Spitters] Exchange-traded funds. It is a low-cost mutual fund. It's really what it is.   The exchange-traded funds, depending on their mandate, they could be a tech index or they could be a financial index. They buy the index and the S&P 500 is the index of the S&P 500. What's happening is most people think that they're geniuses because they're buying the index.   They're being cheap. They're buying the ETFs because they don't want to pay the management fee for a mutual fund or pay the stockbroker to manage an account. They're being cheap, so they buy the index.   The appeal of an index fund is over time, it mirrors the index. That's fine as long as the index goes up and you don't have to pay much for it, like 0.25%, whatever. They're very, very cheap.   People are buying the index. Now, the stronger the index goes up, you start getting people margining their account. They start borrowing money to buy more of the index because it's doing so well.   The index manager takes that money and has to buy the representation of the index. The higher the index goes, the more the tech stocks are worth more than the rest of the market. That new money goes into the more overpriced stocks.   The average investor has no clue that they're overpaying for a stock that doesn't justify the valuations.   [Will Dove] They just see what's going on. Let me jump in with a plain English summary. If I'm understanding what you just said, and I think I'm a good measure of this for where the reviewers are concerned, because you guys know I'm no financial expert.   I rely a lot upon you guys and what you tell me. For everything you just told me, Adrian, the reason why those tech stocks are going up is because they're going up. People are buying them because they're going up, not because there's any value behind them.   [Adrian Spitters] It's going up.   [Will Dove] I got to borrow money and buy more. Right, which means, obviously, a bubble.   [Adrian Spitters] It's going to collapse at some point when people realize there's nothing behind this. My take is it's the tech bubble itself that is going to collapse. That's fine because the big money is not in these tech stocks right now.   It's a shift of wealth from the average Joe, because Warren Buffett is selling his tech stocks. Bezos is selling. The owners of these tech companies are selling their stocks into the market.   They need the average Joe to buy those stocks so that they can get out. When the tech crash happens, they still own shares, but they've reduced their holdings. They're getting out while the rest of us are getting in.   Who's going to bear the brunt of the crash? It's the average Joe that's buying into the tech stocks right now. The index represents the tech stocks.   [Bryce Wade] On that point, this is an opportunity for everybody that watches this to go to whoever your financial planner is, your stockbroker, whoever you deal with, and ask them, if you don't manage it yourself, what is my exposure to the market? If it crashes 10%, 20%, 30%, 40%, 50%, 80%, 100% or whatever it is, what is my exposure? What's going to happen to my portfolio if something like this happens?   I encourage everybody to go look at your exposure to this, because you might not know. You might not know. If you're invested in a mutual fund, there might be something in there that you might not want in there.   [Adrian Spitters] Have your advisor look under the hood of the mutual funds they recommended to you and what's in there. If you have a high representation of these tech stocks, then you have a closet index fund is what you have. You're paying a management fee as if it's actively managed, but you're mirroring the index.   You want to get out of index funds. You want to get out of mutual funds that own a high percentage of these stocks. You want your broker to get rid if your broker's investing in individual stocks for you and you have a high percentage of your stocks are in these tech stocks, you want to get out.   You want to reposition your portfolio into other stocks. I would reduce your holdings in stocks. I would have your advisor put money into the other stocks that haven't participated, because a lot of them are actually quite attractive.   Pair down your holdings, buy precious metals, and I'm going to talk about this later, invest in multifamily rental property, which is one of those assets that are actually going to benefit from what's coming with the whole immigration situation. I would pair down your holdings, not necessarily liquidate everything, just reposition everything so that you're not going to feel the brunt of the tech crash, because that's what it is.   [Will Dove] Adrian, do you have anything more for us before we move on to Warren? That's it for me. Okay.   Okay. I just wanted to add there with the ETFs that with gold and silver, you can get exposure to the gold and silver price by buying the ETF, but we don't recommend it. We recommend that you have physical gold and silver.   Some of those ETFs that are out there that are available today, there's no guarantee that they're going to have the underlying physical metal, and unbeknownst to many investors, there's often small print that says the value of your asset here may or may not equal the value of the underlying commodity. In other words, if they run out of silver or gold, and they can't give it to you, your ETF, your paper version of gold or silver may not be worth what it should be. Buyer beware.   That's why we recommend physical silver and gold. Just before you get into what you've got for us today, Warren, another question has occurred to me based on what we were talking about earlier. If we've got governments and central banks buying up gold, silver, all the precious metals, that's taking it out of circulation.   They're just going to buy it and hold it, especially if they're going to be using it to back a digital currency. Basic economics says to me that that means that the remainder of it that's out there in circulation for ordinary people like us to buy has to go up. Yeah.   At the end of the day, it's supply and demand. It's very interesting with silver, which I'd talk about here in a second, especially. Supply and demand, the fundamentals always went out.   There is a limit in supply. Well, what I'll do here now is I'm going to go from general to specific in that I will go with the high level stuff and then drill down. Okay, so let's start off with, do you see the Russian, Russia there, the screen?   Am I sharing that screen? Yeah. Yeah.   Do you guys see like Russia unleashes the gold? Yeah. Okay, sure.   Okay, thanks. Thanks. Okay, so I just wanted to bring this up first.   So this is a recent development. This just came out last Friday, so September the 7th, the 6th. Basically, Russia said we are going, and they're publicly doing this, which is kind of unusual, publicly increase their holdings, their buying, and they're like the second largest producer or the third, forget.   So they're buying more gold, and in a month, they're going to host the BRICS meeting. So what does that tell you? It is one way for, we think, for Russia and China to collaborate and evade the sanctions, because Russia can buy gold, pay China in gold for the services that they're importing, the products that they're importing.   China can take that gold over to Hong Kong, exchange it into currency, and now you've evaded the sanctions. So that's happening. On another macro picture, we talked about this gold revaluation.   So there's the gold, the Dutch bank admitting it, preparing for a new standard. And what I like, or what I think is very interesting, they call this account the revaluation account. So this is something that they've been thinking about for quite a while.   So just to bring that to the viewers, that this is a real thing that could happen, is that the entities, the big entities around the world revalue the price of gold. So one day we wake up, we see it, it's been rising every day now for a other week, it seems to hit its all-time high, which is around $2,500 per ounce of gold. Well, one day maybe we're going to wake up, it's going to be $10,000, $20,000, and so on.   That is a reality. And for me, I was analyzing this pretty well every day. I'd say there's a higher probability of this revaluation happening now than a couple months ago.   It just seems more and more likely that this could be a way out of the quagmire. Okay. So another, going down a little bit more specific, I want to bring the viewers' attention to this Sound Money Defense League.   This is an organization in the United States that is working to bring back sound money principles, i.e. the value of gold and silver, having states recognize it as legal tender. In the U.S. Constitution, they have a clause in there that all debts can be paid by gold and silver. There's now 13 states that have recognized gold and silver debt as legal tender.   We have states like Texas that actually have a vault and they want to store a portion of their reserves into gold and silver. Utah was the first one. And basically, they're making it legal tender again, and they're abolishing the capital gains tax.   So this is a movement that's happening. And it's not happening here in Canada yet, but the fact that our neighbors to the south are doing this just bodes well for us. So that's the Sound Money Defense League.   13 states now have passed laws. 45 states have abolished the taxes on precious metals. We don't have sales tax in Canada, but we do have capital gains still when you sell your metals.   So that's a good thing. Recently now, and I'm going more detail there, but let's look at the price of what's been going on. Now, this chart is the spot price of silver.   So you could see yesterday we had a spot price of $28.36 US per ounce. Well, look what we started the year with. When we started this year, we were at 23.19, well, 22.91, excuse me. So the takeaway is silver has risen 20%. Already this year, we're not through the year. Gold is a similar story that it's gone up about 20%.   Spot price is gold. Okay, let's wait for this to come up. Okay, gold price history.   So yesterday, 2,508 an ounce. That's almost at its all-time high. The all-time high was reached last month in August.   I believe it was 25.14, something like that. So we're pretty well at our all-time high with gold. And a similar story in that at the start of the year, it was way down to, let's see here, my trusty chart.   I guess I could have done this a bit better to do it quicker. Bear with me for a second. Okay, here we go.   So at the start of the year, we were down here. So that's about a 21% increase. So both gold and silver are moving quickly now.   Okay, so now we're going to go to talk about the supply and demand. We brought this up earlier. So this is the Silver Institute, the independent body for silver.   They forecasted a record demand this year of 1.2 billion ounces. That'd be the highest on record. Now, since this has been written, so this was written out in January, we think it's going to be the highest year on record.   But not only is the demand high, but the story here is that we're also, we don't produce enough. Demand is 1.2 billion ounces. We only produce approximately 850 million ounces a year.   So we have a deficit. That deficit has been going on for four years here. Four years of deficit in silver.   So that's the macro picture of supply and demand with silver. You have countries like India, record amounts of silver. Now, silver is one of the big industrial uses of solar panels.   There's electric vehicles, batteries. They are kicking off their own, they're challenging, they want to challenge China now with green energy production, solar panels. And they're buying record amounts of silver.   They also use it a lot in jewelry in India. So you have this happening. You also have Samsung's new breakthrough with solid-state batteries.   This is sort of, this has been in the works for a couple of years, but now they have it at really a production level. They can produce it. And you're using twice as much silver, but you're also making batteries for an EV more sort of usable, if you will, and that they can charge in under 10 minutes, fully charged.   And you can go something like 600, 900 kilometers. Is that right, Bryce? I think you're up on this too.   [Bryce Wade] Yeah, I can't remember the exact number for, I haven't looked at this at all, sorry.   [Will Dove] But so it's all, this is just another usage of silver, another demand on silver. So, at New World Precious Metals, we say we love gold, but we love silver even more. And this is why, there's this big industrial demand that keeps increasing.   Some other things I want to share with you about the prices now. So, we are entering into a period likely of liquidity, more liquidity, likely more printing of money. It's what usually happens in an election cycle.   Things do run in cycles. And we expect, correct me if I'm wrong, Adrian, but we expect the Fed to lower the rates here on September 18th, right? Yeah.   [Adrian Spitters] Only because the economy is collapsing faster than they anticipated, because they're never accurate in managing the economy. They always overshoot. And yeah, they're going to be dropping because they have to keep the economy trucking along or appear to be doing well up until the election.   Right.   [Will Dove] So, we have, and in Canada, we led the way in the G7 to cut the rates early. We had our third rate cut now. And so, I wanted to bring the attention to the fact that when we have interest rate cuts, we usually see the gold price increase, right?   And so, that's what we expect to happen now. We've already had these increases with a rising dollar, which is usually not the case, and it's likely because of, well, the geopolitical risk being factored in, the unfortunate potential for World War III. And gold has always been a safe haven asset, and people are flocking to it, and that's what they've been doing, regardless of the interest rate increases that we've had.   So now, when we're going to lower these rates, we'll probably see even higher prices. Okay. So, the last couple of things.   I have a slide here, a picture of the gold-silver ratio. Okay. So, this is a chart that shows the number of ounces of silver that it takes to equal purchase one ounce of gold.   Right now, I know this chart, the blue line represents where we're at, and it's around 85. Now, it's since risen because gold has risen, silver's had a little pullback the last couple of weeks. So, it's almost at 89.   And you can see by just glancing at that chart that the majority of the data points are below that blue line. And what it tells us is that silver is historically very undervalued compared to gold. So, it's another sort of indicator sort of informing us that for investment purposes, silver makes a lot of sense right now.   It's a very high ratio. And if you think about the availability of the earth's crust, maybe eight, eight, nine to one. So, it should be, you know, silver should be a ninth of the price of gold by using that metric.   Certainly not an 89th of value. And it has been suppressed. But the suppression that's been happening over the years by the big financial institutions, they're getting, it's getting harder and harder for them to do it.   And so, we think that, you know, what could happen here with silver is you could wake up one day and see the price just increased overnight. We're really coming into a shortage. We also have countries like Mexico, which is the number one producer of silver in the world.   They started last year restricting, putting some more constraints on foreign countries mining silver. They reduced the period for giving exploration rates from 50 to 30 years, for example. Now, this year, there's even talk about nationalization.   So, silver is really in demand and the supply is not increasing to meet the demand. So, that's a takeaway there. I think I'll just leave it at that.   Are we going to get another chance to talk about just basically what we're offering here today, you know? Yes, of course we will. Of course we will.   Just before we move on to Bryce though, I have one more question for you, Warren. You were talking about the possibility of them reevaluating gold. Would it just be gold or would it be all the precious metals if they did that?   Oh, that's a great question. So, central banks really buy mostly gold. They don't buy silver.   However, silver has been a monetary metal alongside gold from the beginning. In fact, the Romans, for example, they paid their troops and their civil servants with silver, not with gold. So, it's always been there.   What happens, and it's happened in the last two secular precious bull markets, there was 171 to 80, then there's one that started around 2001, is that gold leads the way with the increases in value like it's doing now, and then silver sort of wakes up and it surpasses gold as far as its price appreciation. This is what happened. This is what's happened in the past and it is what's happening now.   Gold has started. Gold is like, I look at it like the tortoise. It keeps on going up bit by bit, steadily.   Here's a metric for people in the audience. Gold has increased almost 9% in value for the first 23 years, 24 years of the century. So, that is a very healthy return.   And silver, we're already up 20% this year. But to answer the question, yeah, the central banks, they're buying gold, but usually what happens is that gold leads the way in price and then silver comes behind it and has way more explosive growth. So, here's a metric.   In the 71 to 80 precious bull market, precious metals bull market, silver, if you were at the bottom to the top, so you're at 71 to 1980, silver did a 24X. So, 24 times increase in value, silver did a 36X. And the same thing happened in 2001.   Not as spectacular, but proportionately, silver goes up a lot higher. So, does that answer your question? Yes, it does.   So, I'm just going to paint a little scenario here. They re-evaluate gold. We wake up one morning and suddenly it's worth $10,000 an ounce, $15,000 an ounce, whatever.   Even if they don't re-evaluate silver, well, the silver is going to have to follow it.   [Warren Keane] Yeah, because it's a ratio.   [Will Dove] Yeah.   [Adrian Spitters] And just because of that gold-silver ratio, it always follows over time. Right.   [Will Dove] Yeah, like the retail market usually flocks to it because they hear about gold. It's sort of the go-to in our mind, right? Gold is the ultimate safe haven.   So, you go to gold, then they find out during that process, oh, you mean silver is a monetary metal with 5,000-year history as well? Okay. Well, and it's a lot cheaper.   It's a lot cheaper to own, right? But with silver, the industrial demand, it keeps increasing. But it's a real catch-22 because, okay, for over a decade, it sort of went sideways.   Silver hasn't done much and a lot of investors get right out of it. But at the same time today, we have commodities experts around the world that are not even in precious metals per se. They're telling us that silver may be the most undervalued commodity on the planet.   And so, with mining, you have this scenario where it's not been very sexy for the miners to mine it. They can't make much profit because the price has been going sideways. The price has increased now, which is good.   However, so have all the costs to mine it out of the ground. And we've mined around the world the easy-to-find silver, which is in the first foot of the earth's crust. We've done that easy mining, so we need more money to find the silver that's embedded in the earth.   Also, silver is—only about 25% of the world's silver comes from silver mines, most of which are Mexico. The rest is a byproduct of gold, lead, zinc, and copper mining. So that makes the supply inelastic.   If we're not mining those other things, we're not finding as much silver. So the long and short is, we can't just snap our fingers and increase the production of silver, yet the demand keeps growing. Microelectronics is another demand center for silver because it's more conductive than copper.   It's very ductile. You can stretch one ounce of silver 800 yards. Very ductile.   So it works great in our computers and our phones.   [Warren Keane] I didn't know that.   [Will Dove] Yeah. So you've got all these things conspiring with silver. One of the people I really like to follow is Andy Shepman.   He's the CEO of Miles Franklin. Really good guy. We've met him in person.   Bryce talked to him recently. He has a lot of the facts to back this up, and I've learned from him, but they really believe that silver could one day wake up and have a big shortage. And here's just the last thing as far as the demand.   The military loves silver too, unfortunately. They use it in the war.   [Warren Keane] Yes, they do.   [Will Dove] Right. So there's this big demand for silver that we can't get away from, and it's a monetary battle. So we're saying we love silver.   We love gold, but we love silver even more. All right. So we've gotten a ton of information here from Adrian and from Warren, and Bryce, you promised to tie it all together for us.   There you go.   [Bryce Wade] I know everybody loves me for all the rainbow and sunshine that I bring to the table. I've been told multiple times I'm a huge rainbow of sunshine. So that being said, what we've talked about today so far is basically all of the economic supply demand realities that we face.   Well, as everybody here knows, we don't operate in a vacuum. We don't just live in an economy. We live in a world of people that do dumb shit all the time.   And what I mean by that is that there are people that are administrating our world that are not doing it with the intention of helping us. And so we live in this context in modern times. We are a citizen of a country that has a economy and a currency and a managerial class, we'll call them, that does stuff for whatever their agenda is.   We don't necessarily know what that agenda is, but we can, and this is the important part, see what the effects of those policies are, what they push forward, what they pull back on, and what are the results that we're getting from these policies and these people. So the context that I'm bringing to the table today is what is actually happening in these other spheres of influence that impact us on a daily basis. And I want to kind of try and tie all of this stuff together.   So all of the economic stuff that we're talking about is kind of the pool that we that we swim in. All of this other stuff is the people in the pool that are doing stuff, right? So the economy is supposed to be the way that we interact with each other.   Even though we're not talking to or directly dealing with each other, my purchase over here can affect somebody over there because of how the economy works, right? All of this stuff is to do with how all of these different things fit together, okay? So I'm going to kind of blow through a couple of these things and then focus on a couple specific ones that are really important.   So if you have any questions throughout this, just stop me and I'll answer whatever you want. So the first and biggest is the escalation of World War III. Now, I talk about this a lot for a variety of reasons, but there's essentially two World War IIIs.   Number one is the obvious East versus West, and what we were talking about earlier about the, you know, kicking the can down the road further and how they're not going to collapse the economy right away. Well, this is why. You're not going to fight war either to win or lose if your economy is collapsing, right?   And so they've kicked the can down the road as much as possible. But I want to reiterate, and for people that don't know, we are at war with Russia. Say that again.   We're at war with Russia, right? We're at war with a nuclear-armed country that has nukes aimed at us. So if you're anywhere in the West, you have a nuke aimed at you right now.   I find that particularly distasteful. I don't really want to be nuked into oblivion, and I'm sure most other people don't either. But that is the reality that we now live in.   We're in the closest to nuclear war than we've ever been in history. And why I say this, NATO has invaded Russia. You can say that it was Ukraine, but for all intents and purposes, the money, the weapons, the personnel, the training, Ukraine would have lost years ago if not for NATO.   So it's NATO. Now, literally yesterday, Moscow airport was attacked by a drone strike. So they are attacking Moscow on a regular basis.   Now, this would be unthinkable a couple years ago, and it's not even a blip. It's not even talked about in the media. So on the same level that we have all of these economic things happening, we have an active war with Russia.   This is essentially a proxy war now, but eventually that's going to be a real war, a full war, a kinetic war, and we are fighting each other. And they've already attacked Russia's nuclear triad multiple times. Can you imagine if Russia had set a drone strike to like Washington, DC, the amount of rage?   We got attacked, it was 9-11 all over again, blah, blah, blah. It would be war, right? But that's what's happening, right?   And this is happening all over the world. So you've got the European theater, you've got the Middle Eastern theater, you've got the Asian theater, now you've got the South American theater with Guyana and Venezuela. Venezuela is collapsing essentially as well.   Side conversation that's kind of a subsidiary of this. But you have all of this war escalating, and the important factor of this is that there's no off-ramp. People that say they are pro-peace, I don't hear a lot of people protesting against war right now.   I hear a lot of people protesting for war right now. So if you think that the war that we're facing right now, and this is kind of the main war, is going to de-escalate for some reason, I challenge you to show me something that says that that's going to happen, because it's not. And kind of the backdrop of this war, because as I always say, that the ultimate goal is central bank digital currencies and control.   Well, if you destroy all of our nations in a war, well, the economy isn't going to be working that good. So if you have a central bank digital currency and a digital ID to control everything and everybody, well, that makes it a lot easier to control, right? I think this lends itself right into the plan for the Great Reset, and this is part of it in my mind.   Because the ultimate war here is against all of us. Like, there is no human on this planet that is going to escape this war. It is against everybody, it is for the purpose of enslavement and control.   And if you want to avoid that, I'll get to that at the end.   [Will Dove] And Bryce, I'd like to jump in just for a second, please. I get messages from people asking, what side am I on, especially with the Israel-Hamas conflict? Because I report on it regularly in my weekly news show.   And the answer I give them is, I'm not on anybody's side. I feel for the innocent civilians on both sides who are suffering and dying for a war that the globalists started to enrich themselves, to empower themselves. Ukraine's the same thing.   All of this is being made to happen to give these people more power. So if you're looking at it, oh, who's the bad guy here? Is it Israel?   Or is it Hamas? You're looking too narrow. It's bigger than that.   [Bryce Wade] It is. Yeah, I'm not on either of their side. And there's a great meme that's like, hey, look on this planet, the planet, and where should my Canadian tax money go?   Why is it going outside of my country? Why am I paying for bullshit on the other side of the planet where I didn't get a say in this? I B, don't agree with it.   And C, it's not benefiting me in any meaningful way. So on what planet does this make sense? Obviously this one, because we live in a cloud world, but we'll put that aside for a second.   The ultimate point here is that we are funding stuff that we don't agree with. And that's because our administrators don't represent us anymore. So I'll get to that in a sec too.   So de-dollarization, we kind of covered this already, but this is the key point is that it doesn't collapse right away. It collapses slowly, slowly, and then immediately. And I think we're getting closer and closer to that immediately.   It's not here yet. I doubt it will be here this year. But it will, it will be there eventually.   So at some point, there's going to be a reckoning. Trump has spoken to this a little bit that says, hey, we're going to put 100% tariffs on countries that de-dollarize. Is that a good policy?   I don't know, to be honest, but it's definitely better than unrealized capital gains tax, I'll tell you that. I'd rather have, you know, the possibility of surviving with the current economy than outright communism and total collapse, which is kind of the choices that the Americans have right now. But we'll save that for another discussion.   So the real estate collapse, we didn't really cover this yet. And that's why I brought it up here. So the commercial real estate, which we didn't really show, so I'll show it in a sec.   But the commercial real estate is really the underpinning of all of the problems. One of the underlying problems of the banking sector is because you have 2020, right? They shut down the economy.   So all of these small businesses went out of business. You had all of these massive companies that own real estate or lease real estate or whatever in the inner cities, which are the kind of the lifeblood and the engine of the economy is all these big companies that have not big companies necessarily, but all of the companies that are giving people jobs, right? That is the engine of the economy, right?   And if you have a whole bunch of them that go out of business, shut down, or they don't need as much office space because people work from home, while that craters the value of commercial real estate. And so the important thing to understand about commercial real estate is what it's called a cap rate. A cap rate basically tells you how much money you're making on the asset as an aggregate of your, your profit margin.   Cap rate is essentially a profit margin for commercial properties. And typically that's anywhere between like three to 8%, you know, three on the low end and in Vancouver, 8% on the high, high end in summer, like Texas or something like that. And so if that number is under is negative, that means that property is losing money and nobody's going to buy it.   It's a underperforming asset. It's a toxic asset if it's bad enough. And in places like Calgary, when you had the, the bust of oil, you have all of these massive, massive skyscrapers that are essentially empty.   Some of them have like three, five, 10% vacant or occupancy occupancy. Thank you. And, and so that, that asset is basically worthless.   And so what you're seeing now is not only a decline in the values of residential assets, which is like what happened in 2008 and 2007 and eight, but now you're going to see the same thing with commercial real estate, which is in, which is orders of magnitude more, right? So you have all of these toxic assets that are going to go back on the bank's ballot sheets. And they're, the banks are going to be underwater because of this, because they'll just give back the keys essentially.   So this is something I've been talking about for quite a while, and it's still continuing. It's hasn't gone anywhere. It's, it's not going to go anywhere.   And what's this is leading to is the decline in the job market, right? Empty towers. So in addition to that, and this is specifically Canada, but you've got skyrocketing debt.   Now we talked earlier about the, uh, the debt servicing. So the debt in Canada, because, uh, Christie Freeland is so incompetent at her job. She borrowed all of this money, $700 billion in the last couple of years at short term rates.   So when the, the interest rates were really low before they spiked, she borrowed ungodly amounts of money, but it was short term. So they have to refinance that debt at significantly more money. So I, I don't see how that could just be incompetent.   I can only see that as malice and intentional because how can you be a finance minister and be like, Hey, we'll just refinance in a couple of years as you, as it's just, it's mind bogglingly stupid. And so what this is, it's kind of an overview of all the dumb stuff that they've done, but this is a visual representation of how much debt has been printed. And this isn't even accurate because it's out of debt or it's, it's, um, out of, uh, it's old.   This, this is old and it's still that bad. Right. And so what we've seen is a massive increase in the amount of money that we're spending to service our debt, which is now more than we spend on our military, more than we spend on healthcare and what more than we get in GST. So all of the GST collected in Canada now only pays for the servicing of the debt, nothing else. Right. And this is a, an unsustainable way of doing business as a country. So on top of that, we had Trump almost get shot.   Can you imagine the world we live in right now? If Trump had his head blown off on, in, on national TV, I can't, I don't know what that world looks like. And I'm glad we don't live in it, but this is still possible.   Like this happened in the last few months, like, and, and it's going to get worse, right? Cause these people are now telling us that they have to restrict free speech so they can save democracy. Like the, the, the level of hypocrisy and stupidity, these people spew on a daily basis is almost unfathomable.   And so I try to catalog as catalog it as much as possible for this reason. And so what we have now is that the, all of the West across all of the West and many other authoritarian places around the world, we have a vast increase in authoritarianism, totalitarianism, and specifically censorship. And what's happening, and this is in the lead up to a kinetic war with the, with the East is they need to control the narrative.   So what we see in UK, especially they passed hate speech laws and they're arresting people for, for speaking up against whatever policy that they deem unacceptable to be arresting people. They're letting out violent criminals to make room for people that say bad words on the internet and C63 in Canada is the exact same thing. And they're going to do the exact same thing here.   If this is allowed to, if this is allowed to pass now, why not?   [Will Dove] A few weeks ago, a woman in Vancouver was arrested for posting to Facebook.   [Bryce Wade] Yeah, exactly. And so, so we're all on the chopping block here. This is, this is universal across the world that they want this power.   And this is why they want a central bank digital currency and digital ID, because everything will be connected to you. And all they have to do is bit. You're done.   You're, you're removed from society. You're under arrest. They know exactly where you are.   They come and pick you up and you're done and gone and you're silent forevermore. Right? Yes.   This is the alt. Yeah, go ahead.   [Will Dove] And they're, they're ramping up this censorship campaign. Initially, they were just targeting the little people, us trying to shut us up. But now what they're doing is they're going after the owners of these platforms.   As you say that, um, his name is escaping me right now, but the founder of Telegram, I believe it is, arrested in France because Telegram refused to censor. Now we've got Brazil that's blocked X because it refused to censor. Yep.   They're going after the platforms now. Yep. The owners to shut them up for anybody who disagrees with the narrative.   [Bryce Wade] Yes. And, um, Telegram specifically. So if any, I'm sure a lot of people out there use Telegram.   So they changed their terms of service. Um, I wonder if I have it somewhere. Do I can bring it up afterwards after I'll pull it back up at the end, but basically they've changed their terms of service.   So now it's clear that they're, they're not private chats anymore. So Telegram was supposedly secure. Now it's specifically not secure.   Um, so I use, um, signal for this reason, if anybody cares. Um, but this is a trend, this is a trajectory and it's getting worse, not better. So unless people get wise to the game and say, enough is enough and screw you and get out while this is going to continue to get worse.   And C 63 is kind of one of the demarcation points of, uh, Canada becoming a fully to tell, I mean, not totalitarian, but definitely authoritarian state because that allows them to basically remove people at a whim. Okay. Um, anything else on that?   [Will Dove] Nope. Keep going. Nope.   [Bryce Wade] Okay. So we also see the breakdown of institutions and rule of law. Now there's UN documents from 2000.   I've actually looked at them and it says specifically they intend to bring in 600 million migrants to the U S now that is obviously, uh, triple, um, what they're, the, the current amount of people in the U S is now, if you think that this is a conspiracy theory or this is untrue, you can go look at the documents yourself. Right. But I have pulled up on my, um, on my Twitter posts that I've pinned is somebody talking in Canada about having a hundred million people in Canada by, uh, 2100.   So in the next, you know, 60 years, they want to bring in 70 million people or 60 million people now to Canada. Well, where are they coming from and why, and who is doing this, right? These are questions that need to be answered.   And if there's people in our country or outside our country, for that matter, that are actively trying to destroy our country with migration. Well, yeah, well, that's a problem. Let's put it there.   And kind of the important part here is the, this DEI stuff, which is essentially communism, um, in all but name is they're trying to replace the people in the West with people in the East so that we are easier to control because, uh, people of the West are generally like, I care about my freedom. I care about my family. If you're trying to oppress me, screw you.   I'm going to do something about it. We're just that type of people in the West. We don't appreciate being oppressed because lots of people throughout history have fought for the freedoms that we now enjoy.   And then we are currently losing and they don't appreciate us not taking kindly to them, not taking kindly to our freedoms. And so what this shows you basically is that there's a bit of massive increase in hiring, um, illegal immigrants. And so, um, I, an easy fix for this is to ban to, to find all of the employers that, um, that hire illegal immigrants and deport all the illegal immigrants.   I mean, I don't know how this isn't the most simplest thing ever, but we're run by idiots again.   [Will Dove] And let me weigh in on that one just for a moment. Uh, I was talking very early on this interview about the, um, gross domestic product and the gross domestic product per capita. And there was a study done and I can't remember where right now, not coming to me off the top of my head, but it wasn't that long ago that showed that when immigration exceeds 1.5% of the population per year, you're going to see the gross domestic product per capita begin to go down. Canada is currently at 3.1%. And that's why our GDP per capita is crashing.   [Bryce Wade] Yeah, it is. And it's the, the, the thing that pisses me off the most about all of the other things that I just taste, detest, the thing that pisses me off most about politics is nobody does math. Nobody just has the math.   They'd like a Christie Freeland is like, Oh, we're doing so amazing. We have like a triple-A credit rating as if that is important at all compared to all of the other numbers that we can look at that shows that she's absolutely wrong. And the worst financial finance minister in all Canadian history, like the, the math of reality is what matters.   If I am bringing in a million people a year to a country with 40 million people, and I only build 250,000 homes, there is no possible reason that that is the case unless there is an ulterior motive and a malicious agenda. There, there is no possible way that you can defend that amount of immigration when you don't have enough houses for the people to live. And the amount of money that we have to pay is going, is skyrocketing because we don't have enough places to live for people that are already here.   Like it is an insane assertion that this is good for our country and the people that are saying it, I have lots of bad words to say about them. So this is so, so when I talk about communism, people say, Oh, it's not communist. And you know, they're not communism and all of these empty rebuttals to what is actually true.   Okay. Price controls, unrealized gain taxes, the government controlling an industry. These are all aspects of communism.   And the state is what communism is, is state power over all else, no representation by the people and what they say goes, and there is nothing that you or anybody else can do about it. That to me is what communism is. It's state control of public, of property, and you losing your ability to have private property.   Right. And so this clouded heaven strategy written in the 1966, right. And what this basically outlines is the way to overburden and destroy the Western countries with massive immigration and extending the, or sorry, spreading out the available resources of the system to people that don't pay into the system.   Like we built a system in Canada that we pay taxes into the system, a lot of taxes so that we benefit collectively from those taxes. That's the idea of a state is that I give you a portion of what I make so that you can do things for me that I couldn't do myself or at a small scale so that our, our whole economy, our whole society benefits. Right.   But if you bring in literally millions of people that don't care about the system or actively destroying it, being criminals, um, and taking resources from the people that are already there without paying into the system, where you've got a deficit, right? We talked about deficits all day today. So this is a massive deficit in our available resources that are being deployed to people that are not from here.   Now that shouldn't come across as racist. That should come across as a math problem. If I, as a person that lives here and paying into a system that is taking my money and giving it to the other side of the planet or people from the other side of the planet, that is not in my best interest and is against my best interests.   And it is done by people that have a negative ulterior motive against me and my society that is unacceptable in the extreme.   [Will Dove] Now, when it reaches the point where it's affecting the entire society, it's treason.   [Bryce Wade] Yeah, I would agree. And you can see by just the numbers here, because this is a 20 trillion. So this is pre-pandemic, right?   Because this is the, this level of debt was 2017, 2018, 2019, something like that. I can't remember how far back, but this is pre-pandemic and this stuff has only gotten worse since then. Right.   Now we were talking about the, the great reset, right? How do you want people, how do you make people want to get this type of situation, right? Well, this is what this does.   Make people poor and dependent on the government. So we have UBI, U33, U233, which is essentially communism. It's redistribution, distribution of wealth, money paid to you by the government.   It's literally what communism is, right? Break the system by importing millions of hungry mouths from the third world, which is what's happening now. Stupefy people with hard drugs and dumb entertainment.   See that all day on TikTok and they've decriminalized drugs and drug dealers and everything to do with that. Break the family religion and tradition with trans-racialism and sexual depravity that is happening all across the West as well. And then ultimately divide people over race, ethnicity, and class.   And that sounds a lot like DEI because DEI, division, exclusion, and incompetence is communism rebranded, right? Because the idea of equity is that you have something and I have something, but we should end up in the same spot no matter where we started. That is the definition of communism.   It doesn't matter where you start, we're going to end up in the same spot, right? So I'm going to break it down really simple so people can say this to other people who are like, oh, it's not communism. It is.   And this is why, because when the people say that regardless of where you start, you should end up in the same spot, that means that you're going to limit what somebody can do, but you're also going to give resources to people that can't do enough. That never works. It has never worked.   It's never going to work. Communism is stupid and it goes against the fundamentals of how society has functioned throughout history. It goes against the fundamentals of supply and demand and you cannot have a centrally controlled economy, which is what communism is, and have it function properly because people don't work like that.   It will never work and it's never going to work.   [Will Dove] And not to mention that if you're going to have a system where everybody is going to end up at the same point, the only possible way to do that is if the point they're headed for is zero.   [Bryce Wade] Yeah, exactly. You are the carbon that people want to reduce. Now, this is kind of an important part because I don't really hear a lot of people talking about rights and firearm rights for this reason.   So the reason I bring this up is that there's three groups of people in a society. There's the government, the people that control the authority on and what's the word about authority? The monopoly, the monopoly on force, right?   So you have the government with the monopoly on force. They've got guns. Criminals, they don't care about laws.   They've got guns. Citizens, if they're allowed, they have guns too. Now, in that respect, there's three groups of people, people that adhere to the law, people that make the law and people that don't give a shit about the law, right?   And if you have three groups of people and only two of them have guns, historically, there's only been one group of people that has been abused by the other two where they don't have guns, right? And that's law-abiding citizens. So any politician that says that you don't have the right to defend yourself, you don't have the right to have a gun to defend you and your family has the intention to do some harm to you because you can't tell me the same people that are currently bringing in people massively skyrocketing crime are also going to be the people that are able to protect me from the crime that's happening because they're stupid policies, but they want me defenseless. That's insane. And I strongly disagree with that whole idea because the only reason that we have the freedoms that we do is because the U.S. has the second amendment. And every time the tyranny got tried in the past, they got stopped, which is why we have the U.S. at all is because, you know, the British tried to oppress them and said, screw you, get out, right? And this is kind of my, one of my ultimate points that I'd like to talk about is that the freedoms that we have, that we've grown up with, that we were born into, we are the freest people, the luckiest people in all of human history, especially the people in the West and in the North American hemisphere, we are living a a fanciful level of quality of life for most people in human history. Most people in human history were farmers and they had to toil every day to survive.   And we're very, very lucky that we don't have to do that, but some people still do. And if we don't reverse the trend that's going, this is going to be our future. Central bank digital currencies, digital IDs, microchips of these four things make you a slave.   And if you don't want this to happen to you and your family, and I hope you don't, we need to do something about it together. Okay. So there's, I'll leave off on, on these and then we'll swing back to my final thought.   Um, so the, uh, the election interference and upgrades, right? The case for true democracy. So the way that we're going right now, right.   How many votes do you really have left? If C 63 happens and world world war three happens with Russia and an economic collapse happens and central bank digital currencies get rolled out and we have a digital ID, how long are they going to allow us to vote? Because if they don't care about our vote, they're already trying to rig the system against us anyway.   If they don't think that they don't even need to give the illusion of a democracy and they can just take it away while your last vote in that respect is probably coming up pretty soon, unless we change how things work. And so kind of one of my big things that I talk, like to talk about is, is how are we going to upgrade the system that we're within so that the people and the government that's supposed to be of buying for the people still have a say in what's happening in our society. If we lose this ability to vote completely, we are literally slaves, right?   And if that happens, well, you don't have too many options left if you want to protect you and your family. And so I'm white pilled in the sense that I think we can still change this. But I think the time for doing so and the time left to do so is quickly diminishing and running out.   So my kind of statement for this is, if you care about your community, you need to be a part of your community. You need to get into your community. You need to represent your community.   You need to work with other people within your community to safeguard your community. So I'll leave off on that for now.   [Will Dove] Okay. That's a tough one to follow up. That's like, it gives you a sense of how serious all this really is about.   Yeah. One takeaway when I listened to Bryce talk about these things is that there's a creeping overreach that it's a slippery slope and it's like a brick out of a wall. Each freedom they're taking away.   And as Canadians, we don't seem to do a lot about it in general. I'm pretty complacent overall, I would say, unfortunately, or we're nice people, whatever you want to call that. But if they take it away, it doesn't come back.   And that's what I've learned. These freedoms are going to take it away. They don't just come back.   Right. And so it is extremely difficult to get them back as we have seen in countries in history that have ended up under totalitarian regimes. Sometimes they do get out, but it is far, far easier to prevent it from happening in the first place.   Yeah. Okay. So should I go now or is it Adrian?   [Bryce Wade] Do you want to do some final thoughts? Because, yeah, yeah, sorry, Adrian, I didn't give you your chance. Why don't you do your pitch for hard assets?   [Adrian Spitters] Okay. I want to actually revisit quickly the commercial debt first that Bryce talked about and just put things into perspective. We didn't talk about that.   And just very quickly, and then I'll go into the hard assets. Bryce was talking about the collapse of commercial real estate. You see the chart there?   Yeah. That's what I forgot to bring up. Yeah.   So if you look back in 2008, the mortgage crisis that we had basically the whole system ground to a halt was basically tied to residential mortgages. And those mortgages were underwater. And we experienced roughly, well, the whole system was basically freezing up and banks were starting to collapse.   That was based on this amount of debt. And we saw a housing market that was down like 25, 30% in the States. We saw stock markets down as much as 50% at one point based on that.   Well, today it's not residential mortgages that are the problem. It's now the commercial real estate. It's shopping malls.   It's retail plazas. It's office towers that are empty. That amount of debt is magnitudes worse than what we experienced back in 2008.   So if 2008 caused a stock crash, can you imagine what's going to happen here when all of this unwinds? So I want to put that into perspective. Now, in the States, we're already seeing banks collapsing because of this debt.   But the government is quietly, you know, now there are more banks collapsing, but we're not hearing about it. So they're quietly supporting them. In Canada, we have a slightly different situation in that our major banks have just as bad a debt situation because of our real estate market is even more overvalued.   I would say the debts that our banks are carrying, potential bad debts are even worse. However, all of the bank mortgages and specifically Bank of Montreal, if you look at the orange last year, the government basically injected close to $90 billion of taxpayer money into CMHC, who in turn buys the mortgages from the banks, repackages those mortgages, wraps a CMHC guarantee on those mortgages, and then resells them to pension funds and to foreign investors. And they're willing to buy these repackaged mortgages because they don't have to worry about a mortgage going bad.   If a mortgage goes bad, CMHC bails out that mortgage. So we're not going to potentially see our banks suffer the same fate as the US banks because they don't have this scheme in place. And we've been doing this since 2008.   This has been going on, but behind the scenes, nobody's really been paying attention. What is disturbing is now they brought in the bail-in legislation, where in 2008, it was the government taxpayer money that bailed out the banks' institutions. This time around, all the Western countries are now implementing something called bail-ins.   Now in Canada, the bail-ins are only going to be put in place with what's called Domestically Systematically Important Banks, or DSIBs, which include the major banks, RBC, TD, Scotiabank, Bank of Montreal, and CIBC. The smaller banks and credit unions are not affected by the bail-in legislation at the moment. With the major banks, your CDIC guarantees cover you, so it's only those assets that are not covered by CDIC that are affected.   So yes, there's bail-ins. You just got to make sure that your money is protected. The bigger problem, even if you have CDIC protection, only a fraction of the that's available at CDIC is even available to cover one bank.   So even though they're protected, it's still an issue. I just want to point that out. We have a financial collapse coming that is significantly worse than what it was in 2008.   Now I just want to talk about owning hard assets and what you want to do to protect yourself. The first thing to look at is remember that the housing market itself is already starting to collapse. We have a situation where we've already seen last year a significant amount of mortgages that are refinancing, mortgages that were taken out in 2019, 2020, during the COVID-21, and they're now starting to come due five years later.   You've got your variable rate mortgages that, even though interest rates went up on those variable rate mortgages, those who took out those mortgages didn't have to pay the higher rate. They just paid the current rate. And then the difference, they just tacked onto their mortgages.   So now as they come due, those mortgages are larger. They're moving from an average of 1.9% to close to, well, it's getting close to 6% now. So there's going to be a massive jump in interest rates for the variable rate mortgages and for the fixed mortgages.   Now, the bigger problem is that the red bar, these are uninsured, CMHC-guaranteed mortgages. All these mortgages are coming due at a significantly higher rate. So that is putting on pressure to this chart here, which is already showing that we're seeing house prices climbing down.   So if you have your own home and you have a big mortgage on it, you're going to continue to see your house go down in value. And you're going to be refinancing that mortgage if you haven't already at a significantly higher rate. That's going to put a lot of pressure on older occupied homes.   And so if you're looking at protecting your wealth, you might want to reconsider your home situation. Can you afford to downside buy something smaller if you want to own it so you have a smaller mortgage? Or another potential strategy would be to look at your situation, whether you might want to just, especially if you have a huge mortgage, you might be better off selling the home and then renting and be in the rental pool where the real estate asset is actually going to benefit from the immigration situation.   We have right now massive immigration. Last year, the number of 2023 was like 1.2 million and that includes students. They're supposed to come here to go to school and then go back, but they're staying here to find ways to stay.   So we have this massive immigration. And then we also have a dramatic shortfall of new housing units to accommodate these people. So there's a shortfall in accommodation, and yet we have all these people looking for accommodation.   This is where the big opportunity is in multifamily rental buildings. They're able to house these people. And actually, these buildings are not priced based on the fear of missing out.   If you're an owner occupied, if you own your own home, you're competing with somebody else who wants to own that home. And they're not looking at what the cap rate of your house is and what you can rent that house for. So they pay whatever they're willing to pay just to get into property.   Whereas with a purpose-built multifamily rental property, the value of the building is based on the cashflow. And because of the metrics that are happening with the massive immigration and short supply, there is a huge demand for rental properties. And you can see it in this graph here that rent rates continue to go up.   And as long as the property owners of these buildings are able to increase the rent to offset their costs, and they have a cap rate of 6% right now, for example, then the building is priced based on the cap rate. So there is a lesser chance of that asset going down. So you can still participate in the real estate market, but you've got to look at which side of the market you want to be on.   Do you want to be an owner of an income-producing asset? Or do you want to be an owner of a house that is going to go down in value because you're competing with other people that are overpaying?   [Bryce Wade] Selling their property, importantly. There's a lot of people that are selling their properties now because they're running out of money. So that's a huge downward pressure on real estate.   [Adrian Spitters] And they're going to be coming into this rental pool as well. These are the same people, and a lot of them are coming with money so they can afford to pay rent from the money they got from your house. It just carries the money even though they don't have work.   But the rental pool is so large that the property owners and multifamily don't have a problem filling out these units. And that'll be because there's such a shortfall of units that there is not going to be an issue for these buildings being empty. There's huge demand.   So what I'm suggesting to people is if you go back and look at the stock market, look at getting out of the Magnificent Seven, take money off the table, reposition your portfolio, put a significant chunk of that into precious metals. I look at precious metals as cash. It's as good as cash.   And then maybe put another chunk of that into multifamily rental property through syndications that specialize in this. Because those two assets are going to make money as the stock market goes down. That's my take.   [Will Dove] All right. And I see you have more slides there. Is there more that you want to cover?   [Adrian Spitters] Well, I just want to finish off with that a friend of mine and I, Peter Merrick, we're writing a book titled It Starts with Gold. And it's all about the history of the Federal Reserve and the history of money and what's going on with the great taking and how they're positioning the system to protect them, the elites to protect themselves from a potential crash. And so we're covering a lot of ground.   And ultimately, it leads to the best protection is to own gold or hard assets. And that's coming out. We finished the manuscript and now we're editing it.   We're probably hoping to have it published by the end of October. And the website is up, but there's nothing there. And it starts with gold.com.   [Will Dove] When you're done, I'll have to get you and Peter in for an interview on that.   [Adrian Spitters] Yes, we hope so.   [Will Dove] Mark Warren, I think that's your cue. Okay. Well, I'll also add here just to jump in with Adrian there is that Adrian has other books he's published too.   So, right, Adrian?   [Adrian Spitters] This is my fourth book and this is actually Peter's fourth book as well. So we were both on our fourth book, but now we're just vibrating on this book.   [Will Dove] Yeah. That's part of the reason I'm happy to be here today and to be able to present with these guys. But also, thank you to you, Will.   Okay. I'll just share a screen and get going. My part.   Okay. So this is just a, that's a screen that I use. I do webinars and stuff online for people and I present it in person.   I'm very passionate about gold and silver. I live and breathe it. I'm an investor myself.   I like to shout it from the rooftops. So we're really always emphasizing the educational part of it. I'd like to teach, share the knowledge that I have because I think unfortunately, a lot of people could end up being hurt in this transition what's coming.   Okay. So a little bit on me. Who am I?   I'm concerned about these issues just like you are out there today watching this video. I'm concerned about the overreach of government, the inflation. I'm concerned about bank failures.   I'm concerned about potential World War III, all these things. I've always been a business owner myself, entrepreneurial. Some things have worked well.   And as any entrepreneur knows, some things don't work well, they fail, but then you learn. But I've also been an investor working for myself with no pension to try to provide for my later years and also maybe my children and stuff. And I've invested in traditional assets.   I did use to have an RRSP. I've took it out since and invested it in gold and silver and real estate. My position, I'm the vice president of sales for New World Precious Metals.   I really like the founders. The founders, it's a smaller company. There's about 10 people in it.   But the founder, Greg Mather, and his wife, Tessa, Greg's been in Precious Metals over 30 years. And I follow a lot of analysts in the space, but he's as good as they come. A lot of depth to our smaller company.   We're really focused on customer service. We have multiple options to help people. And our options are all physical gold and silver.   We don't do the paper assets, stocks, certificates, so on. And in particular, we have an international wholesale program that is very attractive to our clients given what's happening in the world. And I'll talk a bit about it.   I'm an investor in the platform myself. And again, I'd love to share this knowledge. I get out there, presentations online, in person.   Yeah, I do this all the time and I like what I do. So here's a bit about the company. They opened in 2016.   We're based in Calgary. And that's the management team there. We have a team of brokers.   We also have this international division with Leo Vasquez heading that up. We have clients. Not only do we have clients across Canada and the US, but also South America and Europe.   We are an approved brokerage for Precious Metals International. They are the leading wholesale provider of Precious Metals in Canada. We're also partnered with Questrade.   And we partner with them to offer Precious Metals in Canadian registered accounts. So it's a way for you to hold physical Precious Metals in RRSP, a TFSA, a Lyra, and all those Canadian registered accounts. We can also work with our American cousins down south with the 401k and the IRA.   We have compliance to operate in Canada as Precious Metals brokers, anti-money laundering, anti-terrorist financing act. We have to go through all those. We're registered as a Better Business Bureau.   Now I'm told that on one hand, it's quite simple to get a Better Business Bureau accreditation, but in this case, it wasn't. It took us months because we're a financial company and then we have international aspects about us. So it was very challenging to get that A-plus standing, but we did get it.   One thing to note, we're not financial advisors. So like Adrian, I don't provide you with any advice outside Precious Metals, but we do know Precious Metals very well. Yeah, that's what we focus on.   Okay. So we're brokers. I want to make that distinction here.   What that means is we don't buy Precious Metals and then come to the public and say, buy our gold and silver. We work with North America's biggest suppliers and we go out there and find the best deals for our clients. That gives us an advantage.   Usually we can get metals that are available now, not backordered, and often we get better prices. And again, that's all we do is physical Precious Metals. And we have a lot of focus on education.   We like to educate people and we have a newsletter that comes out. It used to be monthly, but I think it's coming out more now, given what's happening. And that's all about Precious Metals.   We have an office here in Calgary, but I'd like to state that, yeah, the office is downtown Calgary. I'd like to state that we have customers at every single province of Canada. I was just recently in Ontario with my customers and visiting them.   Yeah, there we go. Every province in the country, but also in the U.S., South America and Europe. Now here's the options we have.   We have three different options for you to invest with us. The first one is this international wholesale account. I do like this account the best overall.   I guess that offers the best overall value. And I'll talk about it in a minute. We also have those registered accounts.   So that's holding physical Precious Metals in an RSP, a TFSA. One question I get with that account, people ask me, well, won't the government know that I have gold and silver in my registered account? And the answer is yes, because it's registered with the government.   However, given what's happening in the traditional financial markets, I still believe that this is a better option than say holding a mutual fund or a stock or a bond, that it's good to have some of your holdings in physical metals in those tax-sheltered accounts. Many Canadians, we have many customers in those accounts because many Canadians store their wealth in those tax-sheltered accounts. And those tax-sheltered accounts were a good, you know, on the face of it, they were a good incentive for us to save for our old age while getting some tax sheltering.   We also deliver Precious Metals to the home. And that is, I call that retail. We don't deal in collectibles.   For example, we only deal with LBMA-approved Precious Metals, which is the London Bullion Market Association. That's 59 mints and refineries, such as the Royal Canadian Mint, the U.S. Mint, the Perth Mint, the Sunshine Mint. And basically, that's what you want to do when you invest in Precious Metals is invest in investment-grade bullion, you know, 99.99% pure in the LBMA family so that it's recognized anywhere around the world. So that's all we do as well. And each of these three solutions, it's always LBMA-approved. So, you know, I don't want to like do the big fart sell, but I want to talk to you about this international wholesale account because overall, I do believe it's the best overall value for your clients.   It does mean though that you need money outside of a registered account. For example, you can't take your RRSP and then say transfer it into a wholesale account. You'd have to cash out your RRSP first.   So here's a summary of those benefits. First of all, it's very liquid. You can buy and sell at any time in ounce increments.   You can have the bullion delivered and that bullion can be delivered in Canada or outside the country. It is an international platform. You can see your account online at any time and the bullion is stored for you.   So it's stored for you in these UL class three vaults. And we have vaults in Canada, the United States, the Caribbean, Switzerland, Singapore, Australia, and Hong Kong. You can also borrow against your holdings.   And the reason why they'll offer you this is because they have your physical metal as collateral. They'll lend you up to 80% as a collateralized loan. So that gives you like an instant line of credit.   Everyone's pre-approved. Now, this is why we like it. Of course, it's the wholesale prices.   What I tell my clients in this, and I have an account in this as well, I believe it's very honest and transparent. And what I mean by that is we know what the prices are before we buy and before we sell. The purchase price is five to 7% above the spot price.   And to sell it's three to 5% above the spot price. And if we compare that to say a coin exchange or a bank, for example, today, if we went to buy silver today, I looked yesterday, no, two days ago, silver from our big supplier was about 17% above the spot price. The spot price is never based on the physical metal.   The spot price is calculated in London actually daily. And it represents the futures and the paper market. It doesn't represent what you and I would buy physical bullion for like that looks like, say like this, or you show this, see if this comes up here.   Yeah. So that's a 10 ounce bar of silver from the Royal Canadian Mint. This is a one ounce coin from the Sunshine Mint.   Those be about 17% above spot price. A storage, you know what the storage fee is? It's 1.4% per annum. It's fully insured by Lords of London. The only way Lords of London will insure it is if it's audited. So it's audited twice a year.   We like that. Now also that the provider of this program, Precious Metals International has been in Canada 23 years. I like that.   Why? Because it's not a new thing. It's fully legal.   They've been in Canada 23 years and a great track record outside the banks. I think one of the biggest concerns that I hear people, my clients express, they're just concerned about the viability of the banks. Adrian's told us today, you know, we've had bank failures.   I heard something today, Adrian, that a building in New York, in Brooklyn, this is just this morning I heard this. It's just been valued at $8 million, but it was purchased for $350 million. So the commercial credit industry with the banks is collapsing over here now.   Yeah. Anyway, you get support from us no matter what solution you go with. And we have that monthly newsletter.   I think the point here to emphasize is with us is we do Precious Metals. It's all physical. We know it very well.   We're a Canadian company with a great track record. And this program in particular, like this program, there's only about five or six companies that offer this in North America. And we are the busiest one in Canada.   You know, but not to boast, it is just a good program and I'm happy to talk about it. Overall, I believe it's a safe, secure investment. It's fully insured, and it gives you that international flexibility.   And I love this country. I still do, Canada. Hopefully, you know, we can turn the tables and have things go the other way, so to speak.   And, but if not, this, having an account like this gives me the ability to go outside the country and access it. So that's definitely an advantage. So here, I'll sum this up.   So why are we, you know, why now? Why is all this stuff? Well, first of all, to me, that's the no brainer thing.   It's what the smart money is doing, the central banks, the architects of this financial system. They're buying records amounts because of the bank failures. The system, our financial system, as many words we can use, precarious, unsustainable, but it is in trouble.   And we're going through a transformation of some type, right? We're going to a new system. In Canada here, we've all seen this firsthand during that, the government overreach during that convoy.   What the convoy, I was going to say crisis. I didn't even think it was a crisis, the convoy event. And Adrian talked about this, bail and legislation that the big six banks have, where they locked up the account.   I think it was shameful. And then we also have the central bank digital currencies coming in. Another reason why we might consider gold and silver, because the geopolitical problems, I think that speaks for itself.   It makes me really sad, humanity, that we're still like this. But it seems like every day we're inching closer to this world war three stuff, like a real war. The war is happening now, information war and so on, but the military war, it's just scary, unfortunately.   This is another reason why it makes precious metals more compelling than ever in our lifetime, is because the scope of money printing, which is leading to currency debasement, like you guys have talked about today, going to that grocery store. I just came through the United States on a little work vacation, traveling vacation, and I go to grocery stores. I remember one store, it was a small grocery store in Montana, and it was $1.99 for one avocado. And down there- That's like three bucks Canadian. For one. Yeah, we have this devaluation of our currency.   And again, as was mentioned, I think it is very misleading for the government to tell us that they have the inflation under control, because that basket of goods that they use now to measure the CPI index, it doesn't include the things we need, like the energy and food costs. Rest my case, stock market's overvalued, that's been covered. It's just this thing that we covered earlier that's very real, this industrial demand for silver.   And again, we can't snap our fingers and resolve that. We've had four years of deficits, that's unheard of, and it's not getting any better. So silver, the price needs to go up and it will go up.   And this is just another thing, just a general statement, is that we may not understand it all, we don't need to understand it all, but if you just take that fact away, it's been a store of value for 5,000 years. Now, we have other things that are coming up, like we have Bitcoin, digital store of value. Some people call it digital gold.   I'm also a technologist and I'm a proponent of Bitcoin, but I don't think it's an either-or question. And the fact is that Bitcoin has a, what is it, a 15-year history, 20-year history? Gold has a 5,000-year history, it's not going away.   And so if anything, there is opportunities sometimes to grow our wealth through owning precious metals. But if we forget about that, about growing our wealth, just trying to protect what we have, that is the number one thing that gold and silver have always done. It's the ultimate safe haven asset, and it's still there today.   And I think in this day and age of this overreach, you should look at it like financial sovereignty. Why do I say that? Governments can't print it, they can't control it the same way.   Over here in North America, I mentioned it earlier, we have less than 1% of the population owning physical metals, whereas in the East where they've seen a lot more governments come and go, their culture is a lot older, we have 18%, 20%. And we also have the Chinese government telling their citizens to buy gold and silver. So yeah, please consider this.   And it's not about, I guess I'll leave it like this, it's not about if we should do it, it's just what works best for you and what company should you work with. So I want to thank Will for giving us the opportunity again. This is just great to have a forum to talk about this, so thank you, Bryce and Adrian as well.   We have that newsletter, we have our referral program, I'm available for speaking, but I hope you can contact us through IR Will and book a session and we'd love to talk to people. So thank you very much. Thank you, Warren.   Bryce, I believe that you wanted to close things out today, but before we do that, Adrian, did you have any final comments for our viewers?   [Adrian Spitters] No, I'm tapped out.   [Will Dove] All right. That means you're up, Bryce. All right.   [Bryce Wade] Well, this is kind of one of my central themes of what I talk about when I talk publicly is what do we do about all this? There's infinite problems and very limited solutions, not only because the people that are supposed to be solving problems for us are part of the problem, but also because our ability to leverage our skills, assets, and resources against the problem is also limited because we're so disorganized and disparate, separated, oppressed, silenced, censored, arrested, you know, whatever, whatever you want to talk about, right?   But I want to boil this down into a couple really important points, okay? So this is what our civilization is based on, okay? Finance, food, water, energy, communication, healthcare, infrastructure, and government organization, or how we govern ourselves, right?   This is what civilization is. And finance is the pool or the grease, the water, the fluid, if you will, that flows in between all of these things that allows us to do what we want to do, okay? There is one thing on this chart here, if you can call it, not really a chart, this image here that is important more than all others combined, and that's food.   Because food is the one resource that all civilization is built on. The literal reason that we have a civilization at all is because of food and our ability to manufacture, create food, and store it so other people don't have to work on a homestead or a farm. This is the reason that we have our modern world is because you, me, everybody sitting here, and most of the people at home don't have to go back and farm food to survive.   That's called subsistence living. And we're so far beyond and above that, that the fall back down to that level is a precipitous drop, right? So to visualize what this looks like and why it's important is this is how much food is produced globally, just in wheat, but this is 2022, right?   So Russia and Ukraine are accounting for 130 million tons of wheat, right? That basically isn't being produced, and especially what was in Ukraine is basically non-operational now. So we have ourselves, the US, Australia, and where is France, and the UK.   So that's like, so one, two, three, four, five, six. So six of these countries are essentially the West, right? And then you have China, which doesn't create enough for its own population, so they import a large quantity of what is available on the open market.   And then you have all of the rest of the world, which is less than 13 mil, which is Poland, okay? So in aggregate, you've got all of this amount of production that's going down, right? It's more expensive, the costs are increasing, and the amount that we're producing is going down as population is going up, still, but barely.   So in the Western world and a lot of other places on the planet, population is now in decline. If we didn't have an immigration, our population would be declining on a yearly basis now. So why I'm showing you this is your distance from where food is produced to where you are is X amount.   If you don't have the ability to produce your own food, that means you're at the whims of the economy, the market, and wherever food comes from. So we're actually fairly lucky in Canada that we produce all of the energy, and all of the food, and manufacturing, all the other stuff that we actually need to be self-sufficient, just because we got globalized and taken over by the oligarchy and all the other idiots around the world. It's now not working like that in practice.   And our illustrious leader, Justin Trudeau himself, has attacked our mining, agriculture, and energy industry relentlessly. So this is all under threat. And why I'm showing you this and why this is important is that it does not matter how much you have, how much wealth you have.   If you don't have any food, none of that matters. If you can't go to the store and buy food and you don't have any at home, you're dead. And so when I talk to people about what do I do about all this stuff, all of these problems that I talked about today, how do I protect myself?   Well, you still live in a community somewhere. That community has a bunch of people in it. If those people in the community and you as a part of that community have enough that it doesn't matter what's happening outside of the community, you're fine.   And so the way that our economy is supposed to work is that when I have access, I sell it to people that don't have enough. And that velocity of money keeps flowing around and we all get what we need. And so we have jobs that facilitate that and such and so forth and yada yada yada.   But if you don't have food, you don't have anything. And so if you don't have enough money for precious metals, if you don't have enough money for investing in multi-family properties and being prepared for all this other stuff that we're talking about today, you can still go and get food. You can still protect yourself.   You can still get into a and say, hey, what are we going to do about the things that are most important to me? So my ultimate kind of point here is don't panic. Do something about it.   You got to get organized. You can't do this alone. There is no world where a person that's alone is going to survive this.   It is simply not possible. And here's why. All of the technology that we use requires skills and assets to maintain.   So if you have a car, you need a mechanic. And perfect example, I have a truck. My truck's transmission died yesterday.   I bought a parts vehicle because I knew that at some point parts were going to be really hard to find. So luckily enough, I have a transmission that my mechanic can swap out. He's probably doing that today or the next day or whatever.   But I prepared for that eventuality. So I'm OK. But if I didn't prepare for that, prepare for that eventuality and I couldn't go get that part for whatever reason or it's not available or it's too expensive, that vehicle is a paperweight.   It's useless. It's worthless. And what's happening is and what I'm pointing to is what's happening throughout our production chains.   All of these production chains that are globalized, they're breaking down intentionally. When war starts, if there's a bomb on a pipeline or Rogers goes out for a day because we felt that happened and our entire economy is out for a couple of days, the risks to our infrastructure is vastly increased and the amount of resources that we have to repair it or maintain it is going down. And so when I talk to people about all of these different problems, the number one thing that you can do is protect yourself with skills, assets and resources.   OK, so you need protection and you need a community. So those five things, those five things are what you need to survive this. OK, so I talk about the hand of change, which is how do I deal?   How do I figure out what do I need to do? And the process for this is you start with a result. So you start with a result that you currently have and you don't want and you say, this is bullshit.   I want it to change. OK, well, what are the actions necessary to change that? Well, to figure that out, I need to get answers to questions and then ultimately I got to make a choice.   The opposite is to say that I want a result that we currently don't have. How are we going to get there? And so what choices are we going to make based on the answers that I get to the questions that I ask?   That is the process to solve any problem. Now, the answers to those questions might be vastly different depending on who you're talking to. But that's the point of this process is you have to bring out all of the good information to make an informed decision and make a choice on what you're going to do to achieve the goal, whatever it is.   OK, that's the process. This is how I actually did a presentation about this. So if you're interested, you can scan this QR code and it's a presentation that I did that kind of outlines this.   So this is the overview of changing the politics, if you care about that sort of stuff. But ultimately, it's up to us as citizens and our civic duty to our society to be like, hey, there's people that are screwing us over. There's people that are stealing from us.   They got to go. Now, whatever that means. Now, hopefully it doesn't go violent.   But if it does, I mean, this is a defense of your family, of your of yourself and of our collective future. There are people in this world that want to do us harm and they are actively doing harm to us as a society and as an individual. So if we're going to reverse this trend, we, the citizens of this country, this civilization, this country, this society, whatever it is, have to work together.   And we have to point to the people that are trying to destroy us, get rid of them, and then ultimately build something new in its place. If you're not down for a great reset, then we got to have a great something else to replace this idiot's plan with. Because if we don't, it's an automatic loss, because not only do we not, are we not able to fully oppose what they want for us, but we don't have anything that we can point to that says the promised land is over there.   These idiots are taking us to a dystopia. We got to hit the utopia. But that hasn't been created yet because it's very hard to envision what that would look like, because we've grown up in a system that we know is corrupt for so long.   We don't see any other way for it to be, right? But the starting point of that is the result. What is the result that we want?   And what is the results that we no longer want? That's where you have to start. So, yeah, I'll end there.   And thank you for the opportunity, Will.   [Will Dove] All right. Gentlemen, thank you so much for your time today for enduring yet another marathon interview to bring people this very important information. And I'll see you again in December for the fourth quarter update.   All right. Thank you. Thank you.