00:08:16.540So I think the price of oil here and the ending of this conflict is very important to the
00:08:22.400economy, not even talking about the political ramifications of all this.
00:08:26.200i'm just talking about the economic fallout of what's happening here so from on a domestic
00:08:34.500standpoint kevin warsh he he gives his speech right and what did he say two weeks ago two weeks
00:08:43.940ago he said inflation is going to be a thing of the past okay and what does that mean i mean he
00:08:53.520basically says the old FOMC committee members, that's the old guard. The new guard is going to
00:09:00.040really change things and inflation is going to be a thing of the past. It's like, wait a second,
00:09:05.100this counteracts everything I just said, which I think inflation is going to be an issue moving
00:09:10.220forward, not just with oil, but with food and everything else because of fertilizer and things
00:09:14.500that you and I have talked about. So when he says it's going to be a thing of the past, what are the
00:09:19.860tools that the fed uses to combat inflation the easiest one is you raise interest rates to slow
00:09:29.380down inflation the other not so easy one is you stop printing money and you start pulling money
00:09:36.820out of circulation that's that's not really a choice for them or else that's going to cause
00:09:42.340a depression that's going to cause stagflation to accelerate so let me ask you this and i want you
00:09:46.600continue, because I'm not the economist like you, but I read it all. General interest rates are all
00:09:51.440going up on cars, on houses, on money lending. But then they say, oh, we've frozen it. We may
00:09:59.340have to increase it. The new head of the Federal Reserve, the Trump moved heaven and earth to get
00:10:03.220in, but now he can't cut rates because of what Trump's done and what Israel alert has sent to.
00:10:07.760So that's a fact. But when we look in general, that I see interest rates going up in general,
00:10:11.780how is that happening when the main rate has been frozen? Generally, it doesn't do that,
00:10:18.080at least unless I'm wrong, the way it is. So just like we're told oil was really $80 a barrel when
00:10:24.600it was really $100, translated in the last month into gas prices. So we see a number with AI
00:10:31.300manipulation, 70 plus percent of trading. I think Derek Carlson was right about that. I think I know
00:10:35.880he was. So we're told oil's this, but it's really that at the pump. And we're told interest rates
00:10:41.360are flat or frozen, but they're not, is that accurate statement? It's an accurate statement.
00:10:47.900That is a really good, amazingly perceptive question, right? Because when Warsh is talking
00:10:54.820about interest rates, what interest rate is he talking about? It's the federal funds rate,
00:10:59.740which is the rate that banks lend to other banks for. That's when he says we're going to raise or
00:11:04.880lower interest rates. That's the only one that they're talking about. Today, that's at 3.63%.
00:11:10.340percent. So he said, we're not going to raise it a quarter, lower it a quarter, right? And the
00:11:14.820target range for the Fed is 3.5 to 3.75 right now. So they're right in that ballpark. Now, to me,
00:11:22.320this is my perception as an economist, even though it's important because every other rate,
00:11:28.920interest rate that we talk about is tied to what banks are getting money for, right? So that's the
00:11:35.600first level, when a bank needs money from the Fed, they're being charged 3.63 percent on that
00:11:42.100borrowing. If Bank of America needs money from J.P. Morgan Chase, they're getting it at the
00:11:47.740federal funds rate, 3.63 percent right now. So then there's a second interest rate, which is
00:11:52.800the prime rate. The prime rate is about 3 percent higher than the federal funds rate. So it's about
00:11:59.9206.75%. So what is that? That's where the big banks lend to their best customers at,
00:12:08.340the prime rate. So we're not talking about you and me being their best customers. We're talking
00:12:12.320about JPMorgan Chase lending to NVIDIA, for example, right? So 6.75% is the prime rate.
00:12:20.460Now, the prime rate is the basis for credit cards, right? So credit cards, the average,
00:12:28.160This is why this is such a problem and why America is going into, I'm not saying going into, we are in stagflation right now.
00:12:36.000So credit cards, even if you have A-plus credit, even if you have an 800 credit score and you're amazing at paying off your debt, right, and doing it on time, credit cards right now, the average is 23.79%.
00:12:57.520right so so they're borrowing at 3.63 they're charging 23 they're making the difference right
00:13:06.560but so it's like well they're just profit hungry monsters right that's not necessarily the case
00:13:11.440they charge that because at this point they're lending their own money right so what what comes
00:13:18.940into the equation here and this is an important piece of the economy which i think these other
00:13:23.580interest rates are actually more important than the federal funds rate. So when you get a credit
00:13:28.280card from Bank of America, Bank of America is looking at, okay, what is our cost of capital?
00:13:34.040It's 3.63%. We're going to charge the client 23%. Why? Because in a bad economy, the credit card
00:13:42.980payments are the last things that people pay. They're going to pay off their house first.
00:13:47.680They're going to pay off their auto payments next because they don't want to be foreclosed on.
00:13:51.660They don't want it to be taken away. So there's late payments and there's complete defaults and there's bankruptcies.
00:13:58.140And so the banks are using their actuarial tables and saying, what do we need to charge to actually make money and make a handsome profit from it, by the way?
00:14:08.820But B, how do we make sure that the reward that we're getting is worth the risk of giving people money that might not maybe shouldn't have it?
00:14:18.020me case in point yeah so bottom bottom line they're using bottom line they're using the
00:14:23.300crisis to squeeze everybody which you see before a collapse so so because we're we have limited
00:14:28.640time want you to get to the meat potatoes here you've laid you set the table excellently what
00:14:32.740does this mean what are we set up for what are you predicting is going to happen next what should
00:14:37.020trump do versus what he's doing what is the exit ramp what do you see for the economy and then also
00:14:42.280So what do you see for silver and gold?
00:14:45.000Yeah, so where I see the economy headed is rising interest rates next year, probably
00:16:59.04030,000 tons of gold is what China has amongst official government ownership,
00:17:05.080banks, investment companies, 30,000 tons. So why are they doing this? Right. So this goes back
00:17:12.840to something that you and I warned people about on the first or second show that we ever did
00:17:19.380together. Literally, I looked back at it. And this is Project Enbridge, a joint digital payment
00:17:26.420rails between the Bank for International Settlements and the BRICS nations to actually
00:17:31.780settle digitally, gearing up for central bank digital currency, settlement between countries
00:17:37.920in something other than the U.S. dollar. This is what Project Enbridge is about.
00:17:42.680So it's nice to have you. That's why BlackRock is so happy about this war and have said they are.
00:17:47.260This is the reset they need. This could kill the dollar. It's already happening. That's why this
00:17:52.000is such an even bigger disaster, because all we have left, folks, is the dollar and our military.
00:17:57.300Trump's trying to get the jobs back. It hasn't happened quick enough. We've been explaining
00:18:00.760the globalist plan to get the world into total debt under their central bank digital currency
00:18:04.980control, literally mark of the beast. That's where we are with this war, not just losing the
00:18:09.460midterms, not just the death and destruction, but positioning us for collapse and the globalist
00:18:15.780dictating the terms of our surrender. This is a big historic shift. At the end of this turning
00:18:21.100into a new system where we could have a new renaissance, instead, they're going to jump
00:18:24.980the train from one tracks onto the accelerated tyranny track yeah this is this is so big this is
00:18:32.640a mega story alex because project ambridge it's not just are we going to choose between the u.s
00:18:38.880dollar and the yen or the u.s dollar and the euro no this allows for digital payments in anything
00:18:44.680other than the u.s dollar you could make settlements you know tokenized oil tokenized
00:18:50.860gold, tokenized silver. You can settle in anything other than the U.S. dollar. This is why this is
00:18:58.360so important, right? So a Project Enbridge used for evil under central bank digital currency
00:19:05.940could be used for good in the sense of decentralized finance, the blockchain,
00:19:11.180things like Bitcoin, Ethereum, Solana, XRP, whatever. They use the same type of technology,
00:19:15.720Right. So so this is where the world is headed. Now, when you look at why this is so important, China having 30,000 tons of gold, Project Enbridge being ready for deployment, what do you think they want to settle in?
00:19:30.260They're saying we want gold as collateral, not the U.S. dollar.
00:19:35.340So the fact that they're ramping up their purchases, this digital money is happening right underneath our nose.
00:19:42.920They're amassing massive amounts of gold.
00:19:45.320Allocate into this trend, which is a paradigm-shifting moment for the world.
00:19:59.740This is no brainer. The universities, the billionaires, even Warren Buffett, the big central banks, they're all predicting by next year, massively increase, you know, gold up 30, 40 percent, silver, all of it.
00:20:10.100You already saw the trends, you know, six months ago. They've been artificially suppressing it while they hoard it right now.
00:20:15.420They've all said and made their bet. And they're talking about the central bank digital currencies being back with a basket of oil and of gold and silver and other key commodities.
00:20:24.580This is the new plan and segwaying off the dollar.
00:20:29.280And if we if we do lose the dollar, my God, you talk about Katie, bar the door.
00:20:33.340But regardless, we're trying to stop that, though.
00:20:35.300Trump's put in policies that are accelerating that.
00:20:38.460Individuals have to protect themselves and the no brainer, silver and gold.
00:26:50.660I said, this is about the short I like.
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