 Greetings friends. This is Survival Doc. Well, today we see happening. What I predicted was going to happen back in the 1980s. That was when I saw this coming. Alright, and that is the devaluation of the dollar and the eventual destruction of the value of the dollar through inflation. Alright, I've made videos on this before. There's a chapter on my website, the very last chapter on my website survivaldoc.com. On this topic, that article on survivaldoc.com was written 10 years ago. I haven't necessarily kept that article updated, but the basic information there about everything that's happened today with the dollar and with money, currencies. The basic information there is still valid. And if you want just a good background on the basics of what currency devaluation is and what currency collapse is, and in particular what inflation is, I refer you to one of my past videos or to the chapter, the last chapter on my website survivaldoc.com. I've been talking about this subject for years. And as I said even back in 1980s is when I saw this coming, not because I'm a great intelligent, so intelligent, a great thinker, but because I've always had a talent for finding the truth, I believe. I've always had throughout life, you have this the people who give you a nuggets of truth and then you have people who give you nuggets of just pure BS. And of course, most of the information we get is just pure BS. And I have been able to discern the truth, I believe, because I have I have special antennas that tell me when someone's giving me BS and when someone's giving me the truth. And back in the 80s, I read a lot of information from economists that we're talking about what's going to happen when the baby boomers retire. And I'm a baby boomer myself, I was born in 1956, so I'm right there in the baby boomer area. I'm at the age now to wear clothes to retirement and in my 60s. And I'm close to the age where I will be using my social security retirement. And at the same time, every single day, there are literally thousands of baby boomers who are retiring right now. All right, now the basic problem is for all these years, baby boomers, and others, Americans have been paying into the social security system, thinking that when we retired, there was going to be a retirement fund there for us that we could live off of. All right, and what I learned back in the 80s from reading some of these economists is, no, it's not going to be there when we retire. Or it's it's it'll be there for a short period of time, but it's not going to be there like we expected. All right, and what I'm talking about is baby boomers, of course, are this large group of people who were born right after World War Two. All right, and during initially when we entered the workforce, we represented a huge workforce with a lot of people who were paying into social security. All right, now, if the government had been responsible, which of course, no government ever is, there's no entity that I know of that is more irresponsible than government. And the larger, more powerful the government, the more irresponsible they are. And of course, the United States is at the top of that heap. And if the governments had been honest and responsible, they would have been putting this money aside that baby boomers and others paid into social security, knowing that one day you're going to need that money to pay baby boomers their retirement. All right, and anyone could see this coming. And when it was explained to me, I just saw it as clear as a bell, I couldn't understand why everyone couldn't see it. And that is the government has put away none of the money that that we put into social security, none of it has gone into any type of investment or savings at all. It's all been spent by the government. And the idea is that each generation, when they pay the social security, they will be paying, you know, for the previous generation who's retiring, their retirement would be paid for by the current people paying into the system. There is just one big problem with that, of course. And that's baby boomers. This large group of people when we entered the workforce, we're paying this huge amount of money into the government. All right, and the government just love that because they just gave these politicians all of this money that they could spend, you know, buying votes and putting them behind their way, you know, back in the office. All right. And so they spent the money. They knew at that time, well, I'm going to be retired by the time, you know, the cows come home. And I'm not going to deal with it. You know, we'll let someone else to deal with that down the road. And so they've been kicking this problem down the road all this time. But what we have is we have this large group of people paying into the system, who are expecting when they retire, they're expecting to get this money back, you know, for the retirement to live on, you know, when they're no longer working again. All right, the problem is with that system where that's paid for not where the retirement's paid for not by the people who are paid into their retirement in the past, but paid for by the people who are paying into the retirement right now. The problem is when the baby boomers start retiring, then you're going to get this large group of people who has been paying into social security for all of those years. Now, all of a sudden, they're going to start withdrawing money out instead of putting money in, they're going to start getting their social security retirement checks and they're going to start pulling that money out. All right, and then you've got a much large, much smaller, I mean, much smaller group of people who are working and paying into the system. All right, so as before, where you might have, you know, 50 people paying into the system to take care of just, you know, one or a handful of people who are getting retirement money paid to them. All right, when baby boomers retire, that's going to turn upside down. And you've got this large number, you know, you may have like two or three or four people paying into the system for every person who's withdrawing from the system. And since the corrupt government officials have been spending that money out as long as they're saving it, that money, the fact is just not going to work. And when baby boomers retire, what what and which is happening right now, baby boomers are as I said, thousands of baby boomers are retiring every single day now. All right. So the problem is getting worse each year. And this is one of the problems that we're seeing with our economy right now. This is not the only problem that's going on with our economy. But this is a this is a large part of it. And this is a part that we can see back in the 80s. Alright, and that is they're not going to have the money to pay for the retirement of the baby boomers. Alright, there's just going to be too much money to be handled by the smaller workforce that has come along after the baby boomers. Alright, so that's going to be a problem. So what can the government do when that problem gets here? Alright, they can just default and just help, you know, tell people, well, we're not going to pay out Social Security. Sorry, the system is bankrupt. We're just going to shut it down. And you guys are on your own now. And of course, that isn't going to work. Baby boomers are a large group of people, most of them vote. And no politician is going to do that. Alright. Of course, there are other things that they could do, they could just cut your benefits. They could. But it's not enough. They just can't cut it enough. The problem is so huge. And they have done these things. They can tax your Social Security benefits. Are all of these things they've talked about doing and they are doing. But it's just not enough. It's not nearly enough. Alright, another thing that they can do is yes, they can pay the money that they promised. But they can pay it in devalued dollars. In other words, when we paid a dollar into Social Security, that dollar would have bought, say, a loaf of bread, or actually, that dollar would have bought, you know, maybe two or three loaves of bread. Alright, when we get our dollar back from the government when we retire, alright, that dollar won't even buy a half a loaf of bread. Well, we still eat the same amount of bread that we were eating before. And, but and so we just don't have the standard of living that we had before. Because we are just, we're working with devalued dollars, or in other words, dollars that don't go as far. And it's easy for our government to do this because we're on a complete fiat money system now. Or what that means is our money is not backed by gold or silver or anything else. Alright, and which means that they can just create as many of these fiat paper dollars as they want to create. Alright, the problem with just creating more and more dollars is that whenever you create additional dollars, then you have you create more dollars in the system who are chasing the same number of goods. Alright, that is the very definition of inflation. And part of the dumbing down on the population right now is obscuring what the definition of inflation is they don't want the American people to understand this. Back in I think the 1940s or sometimes, sometimes back during that time period, Henry Ford said, if Americans understood the banking system, and I'm talking about the banking system, essentially, that was developed in this country after 1913, the Federal Reserve Act, which founded the Federal Reserve, Henry Ford said, if Americans understood how our banking system really worked, there would be revolution in the streets tomorrow. So it pays the government to keep people ignorant about what's going on. Because then when we have this huge inflation that is occurring, the government which is complete fault of the government, they're irresponsible handling of the money. They are not going to accept responsibility, they're going to point over there and say, oh, and it's the unions or, you know, it's this group over here or it's the Russians or it's the Chinese or it's greedy, it's capitalism. And it's the greed of capitalism. And of course, all of that is just completely BS. It's just, it's just irresponsible government officials that has created inflation. But they're never going to admit to it because as Henry Ford said, there would be revolution in the streets tomorrow. Alright, now today that they have complete control over the major media outlets, they can, which is a major source of a dumbing down of Americans, they can ensure that Americans don't understand what inflation is. But if you look at an old dictionary, say you get a dictionary 100 years ago, or not even 100 years ago, maybe 50 years ago, and you look up inflation, the definition is different from the definition in a typical dictionary that you would pick up today. Alright, today, the definition of inflation would be basically most cases, rising prices. Alright, now when you say rising prices, you're not explaining, okay, well, what caused the rise, the rising prices? Alright, if you look at an old dictionary, alright, then you're more likely to see a definition like this. inflation is essentially the creation of excess money. So that there is more money chasing the same number of goods, which causes rising prices. So according to the true definition of inflation, rising prices is a result of inflation. It is not inflation, but they have a so dumb down there. Where when they when they say, you know, inflation today, people are just thinking rising prices. No, that's not what inflation really is. What inflation is, is the creation of excess money. Again, fiat money, not backed by anything, which means that the government is unlimited in the amount of money that they can create. So it's unlimited amount of inflation that they create. And by the way, just a little side note here, there's no coincidence that the Federal Reserve Act was was was passed in 1913, which is the same year that the IRS was formed. And the whole purpose, people don't realize this, but from the start, the whole purpose of the IRS and collecting income tax from the American people was to hedge off some of the inflation, in other words, to hide some of the inflation from their excess money creation. And how does it do that? Again, when they create all this excess money, you have more goods chasing the same I mean, more dollars chasing the same number of goods. Alright, so if you can just like suck some of those dollars out of the system, in other words, take money from people giving them less money to spend, because when people have more money to spend, more dollars chasing the same number of goods causes prices to go up. Alright, if you can suck out some of those excess dollars that the government has created, then that means the people have less money to spend. And that's one of the reasons right now that we are just seeing taxation just going through the roof. Alright, now there are other reasons for that to occur to. Mainly, it all boils down to just greed on the part of government officials, and also their cronies, the bankers and other corporations who feed off the people using the government to extract money from the people. But that's what taxation is all about. That's why in 1913, the IRS was formed in order to have put a mechanism in effect that could suck out some of those excess dollars that were created by the Federal Reserve Treasury Department, the government. Alright, now, where we are today is we're at a point now where we're seeing decrease devaluation of the dollar. Alright, they are devaluing the dollar, mainly just by creating excess dollars. Again, the more dollars you create, the less each individual dollar is worth. In other words, you're cutting the buying power of each dollar that's already out there when you create additional dollars. Alright, the buying power of every other dollar out there decreases slightly. Alright, they are creating billions of dollars every single month of additional money. This money primarily is just given to the bankers, central bankers are who are already billionaires and trillionaires. And the reason for that is just because of these billionaires in the bank, you know, buy off our government officials who are just nothing but whores. And they will they'll sell out to American people for just ridiculously small amounts of money just to ensure that they remain in power. Alright, and all this money is funneled into the banks. And then that allows the banks to manipulate the markets like they are doing today just it gives them the money in order to buy, buy derivatives and buy stocks. And when you have stocks and derivatives that are that are falling in value, then they come in and they start buying them in order to bring the price back up again. Alright, in other words, in order to artificially support the price. Now the problem is that is an unsustainable act. And it's just kicking the can further down the road each year that they do that they just kick the can further down the road. And we're reaching the point now to where they can't kick it any further everything that's unsustainable eventually has to come to an end. Alright, and what we're seeing now is we're seeing the end of the dollar. Alright, the dollar right now, we're compared to the dollar, you know, prior to like the 1970s. The dollar is worth about two cents. In other words, the dollar will buy. Well, maybe about a nipple compared to 70s. The dollar compared to the dollar back prior to 1913 will buy about two or three cents worth of goods. In other words, you go back last, last century, early part of last century, and the and also the 1800s, you look at American before you look at American coinage, and you see, you find a penny. A penny was about this size is about this thick. And it was solid copper. And what it was is it was one cents worth of copper. Alright, that was that's called honest money or hard money. Just like our quarters are made out of silver, a quarter was 25 cents worth of silver. A half dollar was 50 cents worth of silver. A dollar was a silver dollar and it was a dollar's worth of silver and those coins were 90% silver. And that was real money and that's something we don't have now what we have now is strictly paper fee out money. It's not backed by anything. Okay, but I want to get back to the subject of this video, which is cryptocurrencies. Alright, and I apologize for going way off on that tangent about the history of money in the United States. But it's important that you understand that concept to understand what I'm going to be saying about cryptocurrencies. Alright, but first, let me explain this or how do you protect yourself from a devaluing dollar or dollar losing its value? As I was saying before back up prior to 1913. The dollar today will buy about about two or three cents worth of goods back compared to the dollar in 1913 and about nickels worth of goods prior compared to the dollar in prior to say 1970s. Alright. But oh, I introduced the large cent I said is one cent worth of copper and at that same time there were coins that people don't most people don't know this. There were coins in circulation called half cents. And what they were is they were big to but they were half the size of a large cent. They were large stick of half cent coins that were contained half cent worth of copper. Alright. Now compare that to the sense that we have today and the pennies that we have today are not even copper, they're zinc with copper coating on them. Alright, so just like they have devalued our silver money, which contain 90% silver and now our silver money contains no silver. It's just silver colored because it contains nickel. And that's our quarters, dimes and and half dollars today, which have no silver in them. Alright, this is all part of the dollar dollar devaluation process. And when and this is why our money now is no longer backed by silver. It's just strictly the it still costs money to make these coins, of course, but it doesn't doesn't cost them anything to make all these dollars that they're creating now because these dollars are creating now they didn't have to print on most of the dollars are creating now are just digits that they put in in bank accounts, primarily just digits they put in the bank accounts of the large bankers. Alright, now how do you protect yourself? How do you protect your money? Your money sitting in the bank are the with inflation. Right now inflation is not too bad. Although they're they're hiding it is worse than it looks like. And one way they're hiding it is you go buy your box of crackers and it contains 12 ounces and you go back to the store a week later, and that same size box, if you read what it says on it, it can instead of 12 ounces that now contains 10 ounces. Alright, still has the same price on it. But now, you know, packages are getting smaller. So that is so that so people don't notice the price tag shock when to do that. Another thing they do, which is really, really, really, really, really big people don't realize this is going on. It's one reason why Americans are so sick is they're decreasing the quality of the foods that we get. I used to back I don't really eat sweets today much other than fruit, but I used to years ago like Fig Newtons, and Fig Newtons, these fig bar cookies, they had like real figs in them. And one day I bought my Fig Newtons, I didn't I actually don't didn't buy Fig Newtons, but another brand of the fig bars. These were not actually the Nabisco Fig Newtons, but another brand. Alright, but all of them do it all of them do this. And I was eating these cookies and I noticed couple things I noticed well, these are sweeter than they normally are. Alright, and I looked at the filling in it and I didn't see very many of the little fig seeds. I'm used to you looking in one of these fig bars. You saw all of these figs little fig seeds in there because it was real fig fruit. And I looked on the label of these things and the number one ingredient was corn syrup. So that fig that was in that fig real fruit that was in those cookies has been replaced by corn syrup. Yes, it may have 5% you know, real fruit in it 10% real fruit whereas used to it would have 75% or more real fruit in it. Now it's corn syrup. Alright, the same type of thing is going on with all of our foods and and that's one reason we're also given tons of GMO foods today. Again, it's they produce massive amounts of foods but much lower quality although we're still paying the same price for those cookies back when they had real fruit on them. Now we're paying that same price but now we're getting corn syrup instead of real fruit. Alright, and you can watch watch your products and you'll notice that and just if you've been around as long as I've been around, I'm in my 60s right now. You see a huge, huge, huge, huge decrease in the quality of the food that we have today compared to what we had in the past. And this is true for any restaurant particularly because restaurants are in competition with each other. They have to keep their prices as low as they can. The quality of the food I mean even today, if I go to I don't mean we don't need out very often but sound a special occasion to hold it there or something like that. We'll eat out and I'm talking about even when you go to a nice expensive restaurant, the quality of the food there just is not there like it used to be. Alright, and this is just all part another way that inflation has been hidden from us. But getting back to inflation, inflation hasn't been so bad right now or hasn't seemed to be so bad for those reasons. But it's going to get worse and it is getting worse and every single day now what we're seeing is we're seeing continued devaluation of the dollar which and that's what that's what inflation that's a part of what inflation is because as you create more dollars each dollar becomes worth less and so that the value of those dollars is going down. Alright, so because when they comes time to pay all these baby boomers all this retirement they're going to have to pay pay them or there's no way that they could pay them these baby boomers I mean we used to pay in silver you know back prior to 1964 and even from 65 to 70 half dollars to pay 40% silver but during a lot of that time baby boomers were paying into the system. The paper dollars even when they paid a paper dollar it represented a silver dollar I mean you can take that paper dollar and you can exchange it for a silver dollar. So we paid silver into the system and what we're getting back now is paper money or digital money that is has no silver in a dollar pennies don't even have copper in them anymore they're made out of zinc. Alright, and so that is inflation that's devaluation of the dollar and as a result again as I said at the risk of repeating myself you know we take that dollar now we used to go back to the store and by remember you said go a grocery shopping with my mother as a child and my mother would spend like you know $15 and we'd have this big old bag full of groceries just you know big old brown paper sack and she would complain can you believe that $15 fit in one bag and today we go to the grocery store I can buy $150 worth of food and come walking out of the store with like one or two or two bags. Alright so the dollars that we're getting you know don't go as far and when we retire we're still gonna have to eat we're still gonna have to pay our electric bill and all of our other bills by gasoline energy bills health bills whatnot we're still gonna have to pay those things but now we're not getting we're getting paid with dollars that aren't worth as much and and as a result we're seeing gradual falling in our standard of living yes we're making more money when you look at the number of dollars that we're making but those dollars don't buy as much and again that's part of what inflation is alright and that is how they're gonna handle maybe when we continue devaluing the dollar but there's something else going on here and that's because the dollars the world's reserve currency dollars are held all over the world and the reason America has fought all these wars that we fought since World War II is to prop up the banking system to make sure that people continue using dollars. We made agreements with Saudi Arabia that we would buy their oil but we made agreement with them that they only would sell their oil for dollars wouldn't sell it for any other currency alright Saddam Hussein came up and he said I'm gonna start selling my oil for other currencies including I'm gonna start selling it to China for their currency and I'm gonna start selling it for gold alright well you know the rest of the story you know what happened to Saddam Hussein if you look at all the countries that the United States Empire has been at war against and what all the countries that we're a war against right now that we've been at war against for the last couple of decades there are all countries who refuse to participate in the central banking system in other words they they're all countries that refuse to have their their central bank of their country participate with the world's central banking system and what do we do we go in we topple the the leader who often is a democratically elected leader we go in we start these rebellion support rebels that won't overthrow that government we go in assassinate them whatever that's what the that's the business that the US has been in for decades and that is assassinating leaders who will not participate with the world backing system in order to put in a puppet leader who will establish a bank that will participate with the banking system in every single country that we're at war against right now Syria Iran is a big one that's why we're going to go with war with Iran possibly go to war with China and Russia and and it's all because China and Russia do participate in the world banking system but they want out but anyway as I said United States dollar is the world reserve currency a lot of countries as a result are holding dollars like China is holding trillions of dollars Japan is other countries are Korea South Korea are when what they're seeing now is they're seeing as Americans are crushing the value of the dollar then their value of their holdings is decreasing in value so they want to get those get rid of those dollars and exchange it for something real like gold and so what we've been seeing over the last couple of years we've been seeing China buying a lot less dollars and instead taking all those dollars that they have and they're buying gold to stop probably gold but they're all not just gold but they're also buying mines all over the world real estate they're building up their infrastructure they're just trying to get rid of those dollars as fast as they can all right but as these countries get rid of those dollars then you're going to have those dollars are going to come into the market and of course more dollars chasing the same number of goods what is that that is inflation all right and eventually you're going to see the dollar drop in value to where it's worth zero all right now how can you protect yourself from that all of the money that you have sitting in the bank uh you know you may still have the same hundred dollars in the bank that you had last year but with inflation that hundred dollars is only worth uh ninety seven dollars now an inflation is cumulative each year uh it builds on uh the year before so your money in your bank is gradually decreasing in value but even uh worse than that though uh as the banks are failing what are they doing they're they're conducting bell ends uh when they change the law now to where the money your money in the bank is no longer your money the bank the money in the bank is now the bank's money you're just now an investor in that bank so then what happens when the bank fails you as an investor in that bank what investors what investors do is they lose their investment all right and they call that a bell in in other words when the banks fail you don't get your money back and we see this happening in other countries around the world and they're talking about it here and it's something that's definitely coming here so one of these days you're going to wake up and you're going to find out that the money that you thought in your bank account was there was just no longer there I mean that's what happened other countries like Greece um and you know just woke up one morning and like you know forty percent or more fifty percent um have their money was just gone because of the the bell in all right now and they can take it all that way all right but so how do you protect yourself from that and that is you buy real assets you do what China is doing right now uh you buy say gold silver or these are things that um as the dollar decreases in value these are things that increase in value that's the reason right now silver silver right now is really low at about seventeen dollars an ounce but um I remember back in the uh back a couple of decades ago silver was like four dollars an ounce all right so it's going for and it was before that it was even less than that it's it's down it was two dollars an ounce all right so it's going from two dollars an ounce to like uh what you know sixteen dollars seventeen dollars an ounce and right now it's low again it's been up to close to fifty dollars uh an ounce same with gold I remember when gold was some two hundred and something dollars an ounce you know now goes like twelve hundred dollars uh an ounce all right so it's the value of the dollar decreases these precious metals increase and of course it's well known that gold and silver are a hedge against inflation um and if you have money and if you're a prepper and you're putting things away uh preparing for the future um of course gold and silver hard assets like that are um a way to protect yourself and I think most of my listeners understand that are beginning back to again sorry again for the sidebars but it's really important that you understand these things in order to understand what I'm going to be saying about cryptocurrencies all right what about cryptocurrencies so yeah cryptocurrencies are a coming thing of you know things like bitcoin bitcoins uh and but although there many many many more right now they look like they're good investment because they keep going up in price all right remember back when the housing prices were going back in price and you know your fifty thousand dollar house all of a sudden was worth a hundred thousand dollars is worth two hundred thousand dollars was worth three hundred thousand dollars people were buying houses uh buying second houses as investments because the real estate prices are going up up up up up uh like uh cryptocurrencies are now or remember what happened I mean that's that was um um then price uh housing prices crashed if you had been one of the people who decided to get in on that bandwagon toward the end and you pay three hundred dollars three hundred thousand dollars for a house that previously would have been worth fifty thousand dollars that the price collapses and now you pay three hundred thousand dollars for a house that's now worth fifty thousand dollars um and that's happening again that that was the housing crash we will have another real estate crash coming up here soon according to my sources um and my advice this little sidebar here my advice is if you want to buy um real estate or buy a house um I would wait a few years because there's going to be another collapse in the market um and then you're going to be able to buy that house right now you're looking at cost three hundred thousand dollars you might be able to buy it for fifty thousand dollars um after the next collapse of uh the real estate uh prices all right if you buy it right now you pay the top dollars then when it crashes what do you have you know then you're going to be wanting out of your your bank loan a lot of people just walked out walked away from these houses uh because the house that they they were paying on it they still owed say two hundred thousand dollars on this house and now the house is only worth a hundred thousand dollars so they just walked walked away all right but if you could wait take advantage of that then you might be able to buy that three hundred thousand dollar house for fifty thousand dollars maybe even more depending on how that collapses but you're not going to be able to do that if you don't have money in the bank right and that they're they're taking the money in your checking account and your savings account they're taking that money from you on a daily basis through inflation that's why uh another thing that inflation is is it's a hidden tax it's a way to tax the people without the people knowing they're being taxed again governments uh officials love doing that kind of stuff because they love keeping people dumbed down or ignorant of what they're really doing and again if the american people understood how the banking system worked there'd be revolution in the streets tomorrow all right now what we're what we're seeing now though is uh getting back to cryptocurrencies is we're seeing a lot of people who are buying cryptocurrencies um like um people have traditionally bought precious metals like gold and silver in other words the dollars collapsing these things are increasing in value so they want to jump in and turn their dollars into something that's increasing in value the dollar something that's collapsing in value they want to turn it into something that's increasing in value okay all right the problem is cryptocurrencies are not real okay they're like fiat money there's nothing backing them at all cryptocurrencies are nothing but digits in a computer and I know there is all kinds of ways you know to protect people um from um you know losing uh losing their money in uh in cryptocurrencies if the system goes down but really think about this all right if there is um um a major disaster it could be anything anything that would bring the uh internet down uh and also um it could be done purposefully um and in other words the internet could just be um broad under government control which they're increase they are increasing increasingly doing it and eventually the internet i think it's going to be under complete control uh but just say uh there is an e um electromagnetic pulse from the sun or there's an EMP attack from some rogue nation knocks out the electrical system of the country okay where are your cryptocurrencies where are they gonna be all right they're going to disappear all right now you uh you could say well you know nom and i've got the you know the record of these numbers and everything all right let me just listen let me see you take that to the bank or let me just let me see you buy food with those cryptocurrencies okay they're going to disappear because they are not real all right this is real this is a 1964 half dollar it is 90 percent silver all right there is a saying that i hear um some um economists say and that is if you can't hold it in your hand then you don't own it all right and that applies to the money that's in your bank uh that applies to the dollar that applies to cryptocurrencies and you cannot hold cryptocurrencies in your hand if you cannot hold it in your hand it is not you do not own it it can be taken away from you i'm afraid that all of this is a cryptocurrency stuff that's going on right now what i'm saying is i'm saying a lot of people who would be buying gold and silver to protect themselves from this inflation and this collapsing dollar those people are now buying cryptocurrencies and that's another way that they are manipulating the price of a gold and silver down and right now there's a lot of manipulation going on with gold and silver that's not the primary way they manipulated the primary way they manipulated is by selling short into the markets all right i'm not going to get into that it's proven that they do that uh it's absolutely no doubt it is completely uh proven admitted they've even paid fines on it problem is when they make bankers pay fines the bankers have made like um you know a hundred billion dollars off of this illegal act and then when they get caught and may and they pay a fine their fine is like a hundred million dollars or an americans think wow a hundred million dollar fine yeah that's the way to get them bankers make them pay but you don't realize they made a hundred billion dollars on that deal and they paid a hundred million dollar fine yeah right that's just the cost of doing business and that's a very very cheap way of doing business for bankers too but that's the way our system works but what i'm saying is i'm afraid a lot of people are putting their wealth into these cryptocurrencies um if and instead of putting it in real things like gold and silver all right now um so do not use cryptocurrencies in any other way other than uh just you can do some speculation in the market by putting some of your money into cryptocurrencies you know you can if you like want to trade that that market you think it's going up don't put all of your eggs in that basket okay if you want to set aside a little bit of money that you can afford to lose all of it all right go ahead and play with that market but do not consider cryptocurrencies as being um protection um for you know for a dollar collapse it is not collection when the dollar collapses they're probably going to get rid of all cryptocurrencies when we're in that bring the internet completely under control but i'm a i'm afraid that the cryptocurrency that that whole deal with the cryptocurrencies i'm afraid is a means of getting people not just americans but worldwide chinese are buying cryptocurrencies like crazy or chinese people are or they're just being sucked into this deal just like everybody else um the chinese government is buying gold they're stockpiling gold right but the chinese people because it's hard for them to get some of these um hard assets in china it's not as easy for a chinese person to walk into a corn store and buy gold corn or silver corn as it is for americans to do that so they they're putting their money wherever they can get just get their money into uh out of the dollar and into something that is um increasing in value but all of what if all of these dollars go into these crypto currencies and then all of a sudden they pull the plug on and all this money disappears right well that's kind of like the irs that came along to suck up the excess money out of the system in order to control inflation and they had to control inflation because the only way the government can continue their counterfeiting of money or to continue to print you know fake fiat money not backed by anything um they're limited in the amount of that they can do only by inflation all right so they have to keep inflation under control again that's why the rrs is found one way to keep inflation under control it's a suck money out of the system allowing them to continue this process what if they suck all of this money out of the system into crypto currencies right now if people were buying gold and silver instead of cryptocurrencies then what you would see is you would see gold and silver prices increasing like they should be increasing right now and people would really be protecting themselves all right if you want to speculate a little bit in cryptocurrencies that's fine go ahead um don't consider and also cryptocurrencies have the convenience of this easier to spend um in a lot of cases and say gold or silver all right to spend gold or silver you either have to take your silver coin um to the store or to your neighbor your neighbor may have eggs you give them a silver dime or get you a dozen eggs all right so you you can spend it that way and and there are a lot of people now i mean i the fella that i bought eggs from originally i never mentioned him anything about precious metals but he told me on his own he said i also take silver for my eggs too if you ever want to pay in silver he didn't even know that i was a silver bug or a gold bug at all but um out here in the Missouri Ozarks you'll find out a lot of people will do barter and barter uh with gold and silver is definitely has always been a preferred you can barter with other things too of course but gold and silver has always been a preferred way to barter because when they get that gold and silver they know they can always take that over to the next guy where they who has something that they need and they know that gold and silver is easily exchangeable for that all right right now it's easy to exchange these paper fiat dollars but i'm talking about a time when this dollar collapses and these paper dollars that you have are worth more as toilet paper um than the art going out there and buying goods crypto currencies have the convenience of easy easily spending your money online all right is harder to spend one of these silver coins online all right now in order to spend the silver coin again if your neighbor grows eggs and they don't they don't understand silver they don't take silver right now it's still easy to take these coins into your coin shop you take it in there open you know six days a week anytime you take it in there exchange your silver coin for you know whatever currency is currently is you know it's a dollar or whatever get you some paper dollars take that if your neighbor is still accepting paper dollars so this uh these gold and silver coins they can be spent you just at this time you might have to to or you most likely will have to convert it into the current currency or the dollar um in order to spend it that's okay I mean that's just it's a little step that you have to put in there's a small price to pay in order to protect your money from a collapsing currency collapsing value all right so I advise people and if you want to play with crypto currencies a little bit don't play with them and because they're an easy way to spend money online uh if you want to invest in it just as speculation uh don't put all of your eggs don't even put most of your eggs don't even put a lot of your eggs in that basket you know if you have some extra money that you don't need you can put this money it's like when you go to the casino which i'm not recommending which i don't do but i i know that there are people who who do gamble responsibly um if you can call it that uh who they they say they get their paycheck and they they say okay well i can afford i gotta pay my bills i can afford to put this much money aside i'm going to casino and i can uh you know lose that money i can afford to lose that money and they know they're going to eventually lose it all right or they should know if they understand how casinos work all right but the problem with people who are gambling of course is they go beyond that and and then they go they lose that money so oh well my luck's gotta change they go to the ATM machine then they take out money that was meant to pay their mortgage or to pay their electric bill or something like that and then they gamble with that and lose that that's where the problem comes in of course but people who gamble responsibly if they're such a thing uh take this amount of money and say i can lose this amount of money this is the cost of of Saturday night's entertainment i can you know take this 200 dollars go out to the casino and lose it all and that's you know i've had fun that's my Saturday night entertainment all right well that's the way your cryptocurrency should be too if you want to even dealt with that market um set aside a little bit that you can lose um play with it uh as you know an investment just just know that any day you can wake up in any day and that money is just going to be gone and then eventually that is what's going to happen to all cryptocurrencies in my estimation at some point it's all going to be gone they're letting everybody put all their excess dollars into these things and just what better it's like it's like having people just put all their uh dollars into a paper shredder here you know come over here this shredder just feed your dollars into this paper shredder right here and of course what are they doing they're taking dollars out of circulation which helps control inflation and and so that allows them to counterfeit even more money because they can counterfeit the money without paying the cost of inflation because they're creating all this paper money and then what are people doing they're feeding it through the paper shredder all right so yes cryptocurrencies is the new thing um if that's how we're going to do business online in the future then that's great I got no problem with that I love the you know the anonymity of it the privacy of it the lack of control I think I think all those things are going to come into the system eventually all right right now it's the wild west I think they might be doing that just to get people sucked into the system so that then they can destroy their wealth or whether they even don't do it on purpose but instead it just happens because you know problems with the internet the internet we lose internet we lose electricity I mean if if we lose electricity we are going to lose the internet I mean there's no doubt about that all right so my uh what I say for crypto currencies um is don't mess with them thinking that you're protecting yourself from a collapsing economy and a collapsing currency if you want to protect yourself from a collapsing currency if you want to protect yourself from inflation because these things are coming maybe boomers are retiring they the only way that the government can get out of the trillions of dollars of debt that they have right now and the hundreds a hundred trillion dollars of unfunded liabilities and that's what unfunded that's what social security is it is an unfunded liability and our government right now is 20 trillion dollars in debt but if you consider that doesn't count social security and other things like that pension plans for government employees and all that kind of stuff if you throw in unfunded liabilities it's over a hundred thousand I mean over a hundred trillion dollars in debt it's impossible impossible to ever pay that back and they're not even getting close to the they're all the best that they can do is just slow down the increase in the slow down the rate of increase in the in the debt and no one's talking about balancing the budget or they're talking about it but no one is serious about trying to balance the budget in America all they're talking about is decreasing the rate of the growth of the national debt and it's there's no chance that's going to be paid back it's they're going to fault on it and the way they're going to fault on it is driving the dollar down to zero which it all fits their overall agenda because they're going to put us on one one world government one world religion one world bank and one world currency they'll bring about world war in order to hide the economic collapse to pick it america's attention off of it they bring is they'll take us to world war with russia and china and they'll say russia and china is responsible for the collapse of the dollar that's what they're going to do you think these politicians can actually set responsibility for their crimes all right it's not going to happen all right they're going to blame somebody else and i'm just hoping that you're going to be smart enough to know who the real guilty parties are and and make them pay rather than supporting these ridiculous wars all the wars that we have now all wars are bankers wars and all the wars of the american empire that's going on right now they're all bankers where they're all wars for the bankers these wars are not for us these wars are to eliminate us but they're all to support the bankers all right so my advice with crypto currencies my advice in protecting yourself from a declining dollar a dollar that eventually is going to be worth nothing which we see we see this account happening as rising prices is what we're going to see when the dollar devalues what we see is we see a rising prices that's the valuation of the dollar for the average person they see that as rising prices with regard to crypto currencies and even with regard to the dollars that are in your bank account remember this if you're not holding it in your hand you don't own it this is survival doc reminding you be prepared or be prepared to be pleased