00:02:22.680You can get yourself an autopilot account, link it up to a Schwab, link it up to Robin Hood, whatever, and take that amount of money and pick a proxy.
00:02:30.980Like, you know, we've given, like last year, we gave money to Wounded Warriors on the profit I made on the Pelosi.
00:02:39.020Well, you can also get Inverse Kramer.
00:04:03.320Typically, when gold is up, it's not always a good thing that gold is up.
00:04:09.300So let me read what Dalio was saying about this,
00:04:11.920because Dalio comes out and says, look, the whole thing that's going on right now,
00:04:15.700He is on, I believe, hold on Bitcoin and buy gold because he believes things are about to hit the fan.
00:04:24.380So Treasury Secretary Scott Besson's debt buyback announcement this week fit a broader pattern that can signal a forthcoming crisis, said Ray Dalio, billionaire Ray Dalio, recommending gold and Bitcoin.
00:04:36.980The Bridgewater associate founder said Besson's plan to increase government debt purchases, coupled with Japan's reducing its U.S. bond exposure and surging long-dated American yields, suggests investors should prepare portfolios for increased risk.
00:04:50.620I'm confident that the government's financial condition is at an inflation point, Dahlia wrote on LinkedIn Friday.
00:04:56.920If this is not dealt with now, the debt will build up to levels where they can't be managed without great trauma.
00:05:02.480He knows the Treasury has only limited capacity to buy back bonds against the scale of issuance and that the pattern authorities intervening to surpass long-term rates while deficits grow historically precedes debt crisis rather than resolving it.
00:05:17.200His prescription, own the things government can't print.
00:05:20.940I agree with him. In times of great monetary crisis on a sovereign level, and that would be U.S. dollar sovereign, owning alternative assets that are of limited supply, that's what he says can't print, usually turns out to be right.
00:05:36.380So when gold is going up, to your point, Pat, and Bitcoin is going up, why is that?
00:05:40.840Because people are worried about the regular, you know, fiat currency and all the stuff that fiat buys.
00:05:46.960And they run to the alternative, which supposedly stores of value because of their limited quantity.
00:05:55.740And Bessent is – something's going on between Bessent and Warsh.
00:05:59.400You mean, you know, Besson's going this way, Kevin Moore's going this way, and Besson is out there trying to help bonds and buying up back.
00:06:09.160You would think we'd have the price to go up, but it slipped, which gives credence to Ray Dalio saying, hey, is the market about to make a correction?
00:06:17.120That's really what Ray Dalio is saying. Is the market going to make a correction because of debt?
00:06:22.440And I don't think it's just because of government debt, and I'll tell you why.
00:06:26.280What's been happening with the owner of the Lakers who sold and with these guys,
00:06:31.400you are finding out that it's not just them.
00:06:34.380There are other insurance carriers that are carrying alternative assets
00:06:39.540that have a little bit more debt and uncertain debt targets.
00:06:45.440In other words, what they're putting their money in, where they're building the debt.
00:06:48.580And so, you know, Dalio has been wrong before,
00:06:50.760and he's been a bit of a nervous guy for the last two years.