Jules and Cat Turd are joined by Paul Stone of Colonial Metals Group to discuss the latest in the Elon Musk saga, and why gold should be your go-to investment right now. Today's After Show Was Hosted By: Chris Hadfield, Alex Blumberg, Jules, Cat, and Paul Stone
00:13:52.540They had an election of 100,000 people that are controlled leftists in the country, but they didn't have a—they're going to have that election in the fall.
00:20:05.420Well, here we've got an issue, and this is why we've got eggs that are on the rise by more than 40% in 2025.
00:20:15.580The whole thing is just really happening quickly, and President Trump has been talking about eggs.
00:20:22.500He's been saying, what is going on with this?
00:20:24.180So now you've got all kinds of people that are asking that the DOJ, they have sent letters to the major egg producers demanding they preserve documents
00:20:35.200related to their pricing discussions with customers and competitors, as well as communications.
00:20:42.000And so they want to track the egg prices.
00:20:45.260They want to make sure that there isn't something happening in the back room at all, you know, when it comes to all of this.
00:20:51.160The Biden administration economic disaster, it's already led to the crippling increase in food prices.
00:20:58.180And when Biden took office in January 2021, the average cost of a dozen eggs was just $1.47.
00:25:25.620Well, you've got, you know, the U.S. Air Force F-16s once again that had to intercept civilian aircrafts for violating restricted airspace near President Donald Trump's Mar-a-Lago residence this weekend.
00:25:38.440This is the second time it's happened in two days.
00:25:42.780It happened on Saturday, and then it happened again.
00:25:46.600So everybody's going, well, you know, pretty scary stuff that they can even get that close.
00:25:52.580I mean, that's the first thing that I'm thinking is, okay, how is it even possible that they could even get that way twice in 48 hours?
00:26:08.440So, Tulsi Gabbard and our official DNI account just posted, per POTUS's directive, I have revoked security clearances and barred access to classified information
00:26:23.840for Anthony Blinken, Jake Sullivan, Lisa Monaco, Mark Zayed, Norman Eason, Letitia James, Alvin Bragg, and Andrew Wiseman,
00:26:34.400along with the 51 signers of the Hunter Biden disinformation letter.
00:26:38.060The president's daily brief is no longer being provided to former President Biden.
00:35:47.120The gold standard of online casinos has arrived.
00:35:50.280Golden Nugget Online Casino is live, bringing Vegas-style excitement and a world-class gaming experience right to your fingertips.
00:35:57.900Whether you're a seasoned player or just starting, signing up is fast and simple.
00:36:02.120And in just a few clicks, you can have access to our exclusive library of the best slots and top-tier table games.
00:36:08.580Make the most of your downtime with unbeatable promotions and jackpots that can turn any mundane moment into a golden opportunity at Golden Nugget Online Casino.
00:36:18.060Take a spin on the slots, challenge yourself at the tables, or join a live dealer game to feel the thrill of real-time action.
00:36:24.320All from the comfort of your own devices.
00:36:26.760Why settle for less when you can go for the gold at Golden Nugget Online Casino.
00:38:38.600So now they're like, okay, well, we're going to loosen our belt and we're going to introduce $160 billion joint debt finance credit instrument.
00:38:47.160We're going to go ahead and ramp it up.
00:38:49.580And because they want another, they want this thing to continue.
00:38:53.000I mean, not by much, but they're willing to put their people out there, money out there, so it keeps going.
00:39:05.740Brussels estimates that the rearmament strategy could mobilize up to $850 billion by loosening the EU deficit and debt rules and introducing a new $160 billion joint debt finance credit instrument.
00:39:26.860Can you imagine if they were working this hard for their own people to make sure that those that were on the street had food, their veterans were taken care of?
00:39:34.440I mean, that's what we're focused on here in America.
00:39:38.480And that's actually what we voted for.
00:39:40.280And we have a president that listened to us.
00:39:42.220And that's why, after all of these attacks, we even support him more.
00:54:40.100I mean, at least the Liberty Tax guys, they sit there and they dance and they put on a show.
00:54:44.980This guy's just standing there going, okay, look, I'm getting paid more than that clown.
00:54:48.580And I don't have to do the whole thing with, like, you know, the whole Liberty, you know, dressing up as a statue of Liberty and dancing around trying to get people's attention at a stoplight.
00:54:57.900No, I look like I'm part of this whole operation and I'm getting paid more.
00:56:22.020You don't think that we should have any peace talks at all?
00:56:25.400All these people in Congress and America that wants to bomb people and all these people around the globalists that always want to take over everything and regime change,
00:56:36.160they should be required to send all their sons and daughters over there to fight first.
00:56:43.420But if they vote for this shit, just like the Democrats who all voted for open borders, they should be required to have at least 20 illegals, man.
00:56:56.840If you're going to do these dangerous policies that are just killing people on the streets literally sometimes and then just making their neighborhoods,
00:57:05.280you should have to live under the circumstances that you voted on, set up from your ivory tower.
00:57:09.980And, Lord, is there any politician, a congressman, especially Democrats, that are not worth a minimum of $10 million on $174,000 a year salary?
00:58:00.180We've always believed here in empowering voices, no matter how unpopular, and now we're taking that fight to the next level.
00:58:07.120When we had major advertisers who conspired to pull their dollars, even brands like Dunkin' Donuts turned their backs, claiming that Rumble had right-wing culture.
00:58:20.120We are here to defend free expression.
00:58:23.120To strengthen this mission, we're excited to offer Rumble Premium, a completely ad-free experience with exclusive benefits for viewers and creators.
00:58:32.480It's more than a subscription, it's a stand-for-free speech.
00:58:37.200Your voice matters, so join Rumble Premium.
00:58:40.600For a limited time, you can get $10 off an annual plan using promo code CATTURD10.
00:58:47.500Visit rumble.com slash premium slash CATTURD10 and claim your discount today.
00:58:54.640Together, we will turn the tide whether you join Rumble Premium or just simply keep watching.
00:58:59.080Your support helps keep free speech alive.
00:59:02.900And that is one thing that we had with Rumble when we didn't have anything at all.
00:59:09.180We were getting kicked off of every single platform.
00:59:13.580In fact, I will let you know, I don't know how long we're going to be on Megaphone and Spotify,
00:59:20.020because it looks like the left have been reporting our show because we got all kinds of some of our shows taken down.
00:59:27.660And they have been complaining about us.
00:59:32.940But just so you know, Rumble has never done that to us before.
00:59:36.120Rumble takes care of Spotify, has never done anything to us.
01:00:12.700But when you start talking about, you know, the gravy trains, and you've got people like Elon Musk that is talking out about it.
01:00:22.040I mean, is the Democrats' ActBlue gravy train finally coming to an end?
01:00:28.200I mean, ActBlue is under serious spotlight right now.
01:00:32.160Because there have been so many people that have been digging into all of these contributions, and they're starting to figure out that a whole bunch of foreigners have been donating to this fund.
01:01:55.100It's just, it's just, it's just, that's, and like I say, all these people that they got for federal tax evasion crimes and Bernie Madoff and Ponzi schemes, these people should be out of jail to make room for everybody in D.C. who's been stealing trillions for 30 years.
01:03:31.960Well, it's, it's, so if you just think like any move, anything, any vehicle, any machinery, anything that's underway and it's all messed up inside, the guts, the engines running on, you know, fume, like you need to, you need to do repairs.
01:03:49.400You're going to have to take it offline.
01:03:52.000You know, an aircraft carrier that needs repairs can't be out on the open ocean.
01:03:56.140It has to come into port and get upgraded and do some maintenance work to it.
01:04:00.580The U.S. economy, I've been saying forever, is just running off printed dollars.
01:04:06.920It literally can't exist without the printed money because the printed money is being spent here, even if it's being wasted, even if you'd say the government doesn't need to spend those hundreds of billions.
01:04:17.040Aside from USAID, which is, you know, a couple billion bucks a year, the money is being spent in our economy, within our walls.
01:04:28.780And without our economy receiving that money, it will struggle.
01:04:32.340It will struggle mightily, depending on how much you you crimp the flow.
01:04:38.140And if you're also going to say we're going to, you know, retrofit the engine with the economic engine with some other parts, you know, you're going to not get what you used to get.
01:04:51.980But if nothing changes, nothing will change.
01:04:55.600And so Trump is showing crazy courage because, yeah, he doesn't have to get reelected, so he doesn't need the people to love him.
01:05:01.940He can take this thing offline, take away the punch bowl, the stock market gets upset, your 401k and IRA savings gets upset.
01:05:11.920But to try to shove some brick and mortar behind these airborne numbers, you're going to have to break eggs to make an omelet.
01:05:25.600So before this thing can come back online for maybe a 50-year or 100-year run with a ton more fundamentals in it, like making stuff in America, is a fundamental.
01:05:37.360You know, when I make dinner, there's a benefit I get than if I just ordered it on Uber Eats and served it, you know.
01:05:46.240And so when you look at the way an economy kind of has to be to be healthy, he's retrofitting the economy with some old parts that we, that our stupid government before him just threw to China, for example.
01:06:23.360And that's where, and I'm, you know, I'm not like glad this is happening, but I'm glad some things are happening that show and illustrate what I've been talking about.
01:06:31.900And I'm not a financial advisor or a trained economist, but I understand one thing, and everyone seems to agree, that the printed money ends up in 401ks and IRAs and it ends up in real estate.
01:06:43.600Not all of it, but it's flowing through paychecks, which flow into the investment or the real estate world.
01:06:49.220But if they, if they just, if they didn't print any money since 2008, what do you think the economy would look like today?
01:06:56.900Would we still be, would we be, you know, the market be a way, way up and everyone's kind of happy or most people are kind of happy with how things are going?
01:07:04.860Or do you think we'd still be shooting each other in the streets for food?
01:07:07.280But I can tell you right now, from what I've read, the government had to print, if we're a $20 trillion economy in 2019, and the economy gets shut down to stop the spread of the flu.
01:07:21.400And the government has to print a $9 trillion because the economy only produced $11 trillion of the $20 it got last year.
01:07:31.560If the government didn't print the $9 trillion, how many jobs are there in 2020, 2021, 2022?
01:07:39.560How many companies literally died permanently?
01:08:47.260And that's why it's great that we've got Doge out there exposing the rampant waste and other political events.
01:08:53.760I mean, how do you think this hampers short-term economic responses to China's advances, like advancing budget, energy, and tech bills?
01:09:01.880I mean, long-term, this could be internal focus on Doge locking us into a cycle of delay and inefficiency that permanently weakens our economic stance against China's focus strategy.
01:09:34.780So I guess it was 30, almost 35 years ago.
01:09:37.020So 82%, and I've said this before, but 82% of 100 transactions, 82 transactions out of 100, of all the transactions that happened in America, 82% of those bought something made in America.
01:11:17.180That's why the government really doesn't have—it aggravates the reason why the government doesn't have the tax revenue, because it has 27% less workers in the economy.
01:11:26.880So if you said, at however many workers we have, and that would generate $5 trillion in taxes, what's 25% of $5 trillion?
01:11:49.300That's what Trump's budget's going to be, because he's asking for the debt ceiling to raise by $4 trillion over the next two years, which means he already understands the deficit will stay the same, which is $2 trillion.
01:12:00.140Meaning the Treasury gets $7 trillion in bills put in front of it, and it has $5 to pay it, $5 trillion to pay it.
01:12:07.860So when you look at how everything has been aggravated, there's so much behind the scenes, but it's simple to get once you actually pay attention to it.
01:12:16.800Technology automates processes which removes humans from jobs.
01:13:00.720It's really going to be interesting to see what happens.
01:13:03.360AI can build robots and it can write computer code and make your websites and it can literally deliver goods and it can do all the assembly line work.
01:13:10.180Make dope means of all the customer service.
01:13:12.140It can make dope means of J.D. Vance, too.
01:13:47.620It will shape the market dominance in multiple spaces in coming years.
01:13:51.560And we're already seeing it trade shows everywhere.
01:13:54.060It's in everything we are doing right now.
01:13:56.360Well, while China lacks the advanced semiconductor technology needed for a competitive edge, the U.S. possesses this capability through its silicon and it's primarily fabricated by TSMC in Taiwan.
01:14:11.340So how likely do you think it is that China will face a growing AI technology gap and desperate to secure advanced semiconductors that they might invade Taiwan or control TSMC?
01:14:25.920And what short and long term economic consequences could this unleash for us in the U.S.?
01:14:32.340Personally, if you deleted the Internet and all computing power, you would have to employ a ton more people to get your stuff done.
01:14:43.080So you would perhaps, if automation has unemployed 27% of the workforce or, all right, let's say half of that.
01:14:51.420Let's say unemployment's just 12% and 15% of it's from automation.
01:16:36.680And what we're really talking about here is aren't wars fought over resources and access to resources?
01:16:42.320Do you really think China is going to let all of its dreams of communist global domination slip away because Taiwan set up its factories in America?
01:16:56.060I mean, if you were to do it, if you were to pose a hypothetical of China retaliating with AI driven drone warfare, I mean, how might the U.S. economies cope short term with a sudden spike in defense spending and trade disruptions?
01:17:10.300In the long term, do you think this could force like a, you know, orientation of economic priorities away from consumer goods and more towards military tech?
01:18:53.980So if you cut the flow of that off, can't that be painful?
01:18:58.860Well, if we don't, if we stay wanting to drink out of this Kool-Aid bowl, the dollar continues to get printed aggressively more and more faster and faster.
01:20:08.560So if you were down to getting 3% of the chip supply you needed to get for your economy to be whatever it was tomorrow, yesterday, from yesterday, and you got 3% of that chip capacity.
01:20:20.200And what if that decoupled our ability to pursue AI to a mature position in China was the only one with ultra-mature AI capabilities and supercomputing?
01:20:31.960You got to realize, their idea, I've got to believe, for enslaving the rest of the developed world is through their AI capabilities and quantum supercomputer power.
01:20:47.680Microsoft just came out with a hell of a chip that seems to answer a riddle of how the supercomputers, quantum computers, generate errors in their calculation process, and now they won't.
01:20:58.480So just think of a quantum computer like if you and I said time and distance, we can have an axis and measure things on the axis of time and distance.
01:21:25.020I'm worried about how these resources are generally what wars are fought over.
01:21:29.120And I've been mentioning since the good, good, great victory of Donald Trump came to Washington that you got to watch out for as he makes course corrections, what are the retaliations against that?
01:23:47.360It costs like a million dollars for the paint to paint a stealth bomber because it's full of these crazy metals that absorb radar, if you can think about it.
01:23:57.240So not only does the shape of the plane's exterior deflect radar signature, the paint absorbs it, like drinks it in.
01:24:04.380So, you know, we already have a lot of planes and aircraft carriers and stuff, but you're talking about an economy that must continue to consume more money tomorrow from thin air than it did today, or it can't grow.
01:24:17.660And as soon as growth stalls, fear sets in, panic sets in, and typically that's when things fall apart, financially speaking, because the strength is a perception that the money printing won't stop tomorrow.
01:24:32.160So I'm okay where my money is now, but if the money printing slows or stops tomorrow or a ton of it is redirected or it can't be developed, the money printing literally can't happen in ways that it has been happening, then you'll be wondering why you waited to look at precious metals.
01:24:50.860That's my question. How do we hedge against inflation?
01:24:53.820Move your money out of harm's way. Just like if the meteor was going to hit the left side of the street and it would leave the right side of the street alone, then you would just walk your money across the street until the meteor hits and the coast is clear and the rebuilding process is done, and then you'd move your money back.
01:25:10.960That's all it is. That's all gold and silver could be. Again, not financial advice, but in my opinion, that's what it is. It's a location for money. It takes a new shape, a whole new paradigm, a new set of fundamentals. It can't be made in a lab. It's really hard to find.
01:25:29.700No government seems to care about it, although central banks scour it up as soon as it comes out of the ground. If central banks, who seem to make all their money in the man-made financial world, if they're hoarding gold, why would you ignore that?
01:25:46.280Why would they need a plan B? Aren't they the plan?
01:25:49.820So you got to look at what are you waiting for? Are you waiting for the collapse? I know we think Trump's coming to save the day. Saving the day he might. But 60 miles lost down the wrong road, how many miles back just to get back on the right course? 60 miles. You can't have something for nothing.
01:26:14.220And he could chopper in with those big choppers with two blades, a bunch of bulldozers and graders and make a new path over and cut through the woods to the path we were supposed to be on. How much time does that take? 60 miles the wrong way. I'll use this number. 54 years since Nixon, the wrong way, 54 years back.
01:26:34.180I'm not saying it'll take 54 years, but I'm just saying it's pain. You aren't progressing. You aren't moving forward when you have to retrace your steps.
01:26:45.700Whereas us guys certainly know when we're finally, finally, finally caught that we didn't need directions and your suggestions weren't very helpful and we got it figured out and we understand how to, and we have to make that painful U-turn.
01:27:20.960When it comes to gold, it has been around for a long time.
01:27:24.680And especially in situations like this, a lot of people feel a lot more comfortable putting their investment in that.
01:27:35.020And you're not an investment advice counselor.
01:27:39.020But that is just something that people have done over the years.
01:27:43.940And they've always been very successful in it.
01:27:46.660And they don't feel like that is something that, you know, is going to hurt them when it comes time, like what we're dealing with now with inflation and something that's, you know, unpredictable like these stock markets.
01:27:58.420I mean, you see what's happening with Bitcoin.
01:28:35.140But if debt was $10 trillion in 2010 and it's $36 trillion today, can you understand that $26 trillion out of thin air has been created since 2010?