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Bitcoin, Cryptocurrency, Finance & Global News – March 22nd 2020

VIDEO TRANSCRIPT

Hi guys. Thanks for tuning in to tell episode of nuggets news. Well another truly amazing week we’ve got so much macro news and crypto news to get through. A lot of that is intertwined these days so I do encourage you to watch the full video. We welcome a couple of thousand new subscribers. Thanks so much for following us we’re trying to give you the most up to date information we’ve got literally thousands of people contacting us through all our channels wanting to know how to learn about gold and silver Bitcoin crypto currency what is going on in the economy. So we’ve got all these free resources on our Web site guys. So said friends and family they’re all your favorite videos. This video we encourage you to share all that content. That’s why we’ve been busy making it all for you for the past few years for these types of situations particularly a big thank you to our members like all businesses we are relying on you for our revenue and I employ 13 people now and I know I need that money coming in to keep them employed to keep giving you guys the best content. So huge thank you. 58 new members in our premium area read that welcome post guys stick by the rules it’s all functioning really well for the most up to date information you know to the minute type updates from everything around the world and I can’t thank you guys enough for the way that’s all running at the moment. Let’s get into the local news first where Prime Minister Scott Morrison has just gone live. He’s unveiled a far bigger stimulus package. I’m all for anything that gets money in the hands of people that are losing their jobs. We just need to make sure that people can get by. And I know a lot of people are still saying he says well you know how do I keep my business going and this time the other big guys. The reality is businesses are going to close. It’s going to be bad. This is what I’ve been talking about. A lot of people have never had a rainy day and we need to acknowledge that you know let’s support people. Let’s make sure there’s food on the table. They don’t have to pay their rent their mortgage their power bills. We need to just you know do everything we can to get by until this all passes and it will pass so I’m not getting into all the details of that package. We’re going to go through all the different countries and what they’ve done so I’ll let you guys read the details of those specifics but I certainly think there’s been no mistruths pushed by the media. So look at these stats again from today from Core Logic and all the real estate industry telling us that house prices are still going up by the day. I mean who on earth believes this stuff and we know that it’s all connected particularly in Australia where we need to protect house prices from going down. That’s very hard to do when people start losing their jobs and have a lot of investment properties because it’s all connected now. Our banks the most exposed in the world in terms of their mortgage books. So yes the government are going to do everything they can to rescue the banks. We’ve seen all these excuses around the world now encouraging people not to take out cash or you know telling you the reasons why you can’t even spend your own cash. So look these things are to be expected. If you’ve been following the channel we’ve been saying this is going to happen and it’s just happened probably faster than we thought because of these recent catalysts. So earlier this week a lot of super funds including Australia’s largest Super Fund sent out emails to clients basically saying you know markets go up and down you have to really ask yourself if it’s if it’s a work taking these unnecessary risks and trading your super assets. So a bit of a typo there that tells you that that was rushed and panicked and telling people not to sell. Markets are since down another 15 per cent and I know a lot of people with their super fund are hurting at the moment. I certainly feel for you guys the RBA coming out and they’re going to have to print this money and buy our bonds. The next step is obviously corporate bonds and then stocks you know mortgage backed securities in other countries. It is just insane the level of stimulus that we’re seeing at the moment. And obviously bitcoin and go to the two things they can’t print. We’ll get to that in just a second but all this leads to the collapse of the Aussie dollar down to 55 cents you can’t quite see that behind me there sorry. That’s. This is one of the side effects of our economy that I’ve been warning about since we made our documentary over a year ago. And this pushes up yields. So when the government is now issuing debt because governments are going to run up huge huge debts and they’re issuing these bonds trying to get people to give them money but people aren’t going to give them money when they know the economy’s in trouble and this is when interest rates rise and that’s when central banks might be forced to raise interest rates. And that is just the nightmare scenario having to raise interest rates. Well everyone’s got all this debt. This situation is really messy and that’s why everyone is looking to escape into these perceived safe haven. So look good timing over in Italy where some of those banks are opening up bitcoin trading. One point two million you’re in lockdown. So these are the options the on ramps that we’ve been talking about that are now really global for people to escape the crumbling financial system. I did a detailed video on that all the different options you have to get into US dollars gold silver Bitcoin stable coins the counterparty risks of each of those so watch that video share it with friends and family if you haven’t already. FCX have got two gold stable coins a T and Pax G is the other one over there and they’ve also recently added Aussie dollars as an on ramp so you can connect your bank account and it’s a very quick way to get into US dollars or stable coins and then you can withdraw those and keep them on your hobby wallet or your ledger as well as other tutorials I’ve done recently on how to hedge if you’ve got your gold and silver holdings or bitcoin holdings as well there’s ways to hedge with the other products. All right. So what are you that managing your own money. Very happy right about now and we’re hearing all these stories about super funds and the delays. We’ve had a record amount of people start to manage their own so finding super funds so I’m gonna get Mike on this week because there’s a lot of questions now about can we withdraw from our super fund another thing that the government announced today. So hopefully we can address all those questions really clearly. One thing I will mention with that announcement from the government is that if people are withdrawing that ten thousand dollars or more from their super you remember the stock market is down it’s probably gonna keep going down. So all that money that you’re drawing now could be more down the road. Now some people don’t believe we’re going to have retirement funds in decades from now but that can start more of a ceiling because traders and investors are going to say Well everyone’s going to be selling to take many of their super. I’m going to front run that selling. And so that can I just think it’s coming together. There’s nothing that is going to make markets go higher anytime soon until this all passes. So that’s the financial side of things in terms of the health care side of things. I thought our government were going to announce more measures on Friday. They’ve come out again today and extended things encouraging people not to do non-essential travel. But it’s still not really enforcing any of this. It’s up to you as the individual just like no one’s going to save you from the world of finance. No one’s going to make you healthy and no one is going to protect you and look after you guys you have to take that responsibility yourself and a lot of you guys know that you’ve been following the channel you prepared for everything that’s happening now. So yes schools still aren’t closed. There’s talk as I’m recording of New South Wales and Victoria looking to implement that in the next 48 hours as soon as one state does it they’re probably all going to follow. But yeah I’m certainly surprised I’m giving everything that’s happening firstly on Friday. It was one cruise ship. Now it’s five separate cruises that have all had confirmed cases those people are scattered throughout Australia. We haven’t really seen that spike yet but if this doesn’t scale nothing will. This is a beach on easily 12 days ago. This is absolutely reminiscent of what we’re seeing in Australia down here in Tassie. I spoke to friends. They went for a walk this morning. All the restaurants are packed all the bars are packed. No one is taking this seriously yet and no one is taking it seriously. In Italy twelve days ago just have a look at where they are now. These excuses that we’re hearing it’s only all people 54 percent of New York City’s cases are between 18 and 49 year olds. So it is not just affecting all people at all. We’ve now got cases of babies as young as seven months old and and children that are getting this so please guys you have to realize the severity of what’s going on at the moment. I’ll just press refresh here. There’s a couple of Web sites giving us up to date information on the Australian statistics. But this is just growing continually. You know 20 percent a day exponentially we haven’t even slowed it yet mathematically we are still on track to you know to hit the number that is going to overwhelm our hospitals unless we slow this down. So we’re not quite as bad as Italy and Iran. We’re somewhere in the middle here. We are certainly not down here near Singapore and we’re not flattening the curve like the government is is telling us that they you know they’re really happy with the job they’ve done so look a couple of positives here. Kofi to help dot com today you. This is a website built by one of our friends. It lists all the freebies and the help how you can help other people charities check that out in the time of need we’ve got to come together and help each other globally. Let’s just refresh that. Three hundred eight thousand now at time of recording the deaths ratio has actually gone up a little bit recently. Again we don’t know how accurate this is in terms of total that are going undiagnosed and not tested recovery takes a little bit longer. Two or three weeks you’re in hospital in a lot of cases. So we get the deaths before we get the recoveries. That’s all to go through the system but the wiring thing here is that even on the exponential scale we’re now accelerating higher again in across Europe across Australia across the US. All right let’s go to China another 50 percent plunge after 44 percent last month. So these auto sales a lot of industries are down 90 percent. There’s talk that China’s factories and people going back to work. Now we don’t know if they just try to push out those stats or if that is the truth. I certainly don’t believe the numbers we’ve seen some photos from hospitals with new cases in China. So they’re saying I’ve got zero new cases I’m not sure if I believe that Secretary I’m a nutrition. Now the same guy who said that cash is not used for money laundering now says that won’t cause a recession in the US so I’m not sure what he’s looking at. But if you have a look at some of these State of the restaurant industry statistics Australia hasn’t been hard hit yet because we’re a week or two behind the rest of the world. But globally restaurants are down 98 percent Canada is down 100 percent. The friends that I talk to that own restaurants and businesses having to fire staff this week there’s just no nice way to put it guys this is the reality we face where we have to lock down and if we do that for a month that gives us the greatest chance to pull through the other side. Five hundred thousand jobless claims in Canada. I certainly think some of these estimates about unemployment and GDP are going to be around 10 per cent loss. And this is kind of the slack that governments are gradually picking up in terms of the stimulus that they’re putting out. Trump looking to give every American a thousand dollars. We’ve now got similar things in all the different countries. Yeah. I think you have to do it. Some people get to complain about government debt. That’s another issue altogether. They were already running huge deficits but we’ve got to make sure that people have food on the table in the US. Some of my friends are telling me that the swearing over there about how the system is you know treating different patients with different health care and insurance and some of the backlogs for just getting those admissions and claims and whatnot it’s another headache altogether. So if you know more about that let me know down in the comments below about how that’s going to work once those U.S. hospitals start to get busy and people losing their jobs. New Jersey the latest one to shut down. I think the total is now around 100 million in terms of Americans that are in lockdown. National Guards deployed because people aren’t taking it seriously. Similar over to the UK in Europe now where British police are giving people powers to detain suspected cases of people that quarantine themselves. And this is where the totalitarian invasion of privacy is beginning now. There’s all sorts of conspiracy theories going around but the big tech giants being asked to hand over all that data once they do that there’s no going back. I guess that’s what what worries me. So yeah they’re asking the big tech giants to hand over all these tracking data so they know where you are every time even if you turn your location data off and your phone off. Edward Snowden has told us that you know these new smartphones. That’s why you can’t take the battery out because they’re always triangulating your signal to the different cell towers. Now tying that together with how you can maintain your privacy with a VPN a P2P VPN office offering free services so it’s lovely to see all these communities looking out for each other. In this time of need so orchard this is actually a cool little project that I’m going to talk about more in future. Great stuff there at the brave browser. If you don’t use these already to block all the ads and to block all the data it’s free to use download brave browser but are they really taking on the big tech giants with all these privacy issues at the moment. Bank of England have canceled all their stress tests. Look all these stress tests don’t plan for these sort of situations so you know it’s all a bit of a walk in the park and they take these boxes and tell the public how strong the banks are. Well look look at them now they’re all getting bailed out. You know a week into a bear market Britain 2000 sorry. Twenty five thousand dollars to the local businesses there AC base got out their bazooka in terms of QE and other stimulus. The stock market has hit record highs in the VIX closing at 82. So that’s perceived volatility from the stock market. They’re saying that markets could currently what they’re pricing in is that it could go 82 percent lower. Now that rarely actually eventuates but that’s just the level of fee at the moment in the S&P 500 in the volatility index. The Lehman playbook continues So the Fed have unveiled another bailout this time for the money market funds. The Fed is going to have to bail out everyone the engineers of the 2009 bailout say that this has to be bigger than the GFC bailout. These numbers are off the charts. Outflows absolutely everybody is getting out of ETF bond funds. The stock market investment grade bonds people are just running for the exits and trying to go into US dollars. And there’s simply not enough dollars in the world at the moment that’s why the Fed is having to expand their credit and bail out all the different countries including Australia at the moment distressed debt has doubled in the U.S. in two weeks half a trillion dollars now. So this is that spike that they’re talking about the interview with Marika to star will be out this week. He’s the commodities expert and a lot of these junk bonds that have been issued by the U.S. oil frack is shale producers. They can’t pay that. They don’t have any revenue and positive cash flow they’re going to default on all this debt and that can stop the next wave down in the stock market. So Boeing is just one example of a company that repurchased over 100 billion dollars in stock and now they’ve had their debt downgraded to sorry 4.5 trillion dollars worth of buybacks have occurred. And this is what’s pushed up stock prices and now all these U.S. execs are demanding that taxpayer funded bailouts of shareholders after they’ve spent all that money buying back shares and making themselves rich. The Fed extending its currency exchange program to all those central banks around the world. I just mentioned that confirmed these theories and these rumors that were going around earlier in the week that the Fed are now bailing out hedge funds. Absolutely crazy stuff and a lot of people still completely unaware this is happening. Insiders were dumping their stock. So this is Kelly Loeffler who came out and denied that she said all her investment fund manager. So really stock so the day after they were briefed about how things were how bad things are getting in China and how it was going to affect other countries and come to the U.S. these you know the elites that were in this meeting room dumping millions of dollars of shares in things like hotels and airline companies and whatnot. So wait to see if that goes to criminal charges. But man I mean these people are just so corrupt. So the record number of CEOs left they saw this coming. Two hundred nineteen CEOs left in January after we already had record amounts in the months leading after that. So the reach that are paying themselves a hundred 200 or 300 times the salary of the average worker they’ve got so much money they’ve gone to their private islands or their bunker or whatnot and they’ve got out privatized the profits and then published the public put stumbling my words he guys publicized the losses. So get the government to bail you out. Taxpayers. So so frustrating to watch these happen and I hope this brings about change. You know the bank of Japan have been buying up trillions of dollars worth of yen of stock markets. They own all the ETF. And a lot of shares they own all the government bonds and I’ve lost money doing so. So if this doesn’t bring about radical change in our financial system I just don’t know what does. We need a new system and obviously hopefully a lot of the decentralized world those ledges that cut out people in the middle and bring about transparency and trust was what would get a 10 to couple of positives to finish on the FDA have authorized these new 45 minute rapid point of care tests. We’re getting stories that people of you know in one case people have died waiting for test results to come back. There’s more tests and newer tests being designed in manufactured in Australia. Hopefully these things are still a few weeks away. But look all the smartest minds are out there trying to work on solutions. High hopes for a treatment. We’ve seen some positive results in a few of these other HIV drugs. I spoke about that in yesterday’s video a little bit say look these trials are going to take weeks as well. Anti malaria drugs. There’s a few others that have shown benefits for me. What I recommend you do. I’m going to do a whole whiteboard video about this but it’s just getting your immune system as healthy as you can help. You know he’s eating healthy trying to de stress I know that’s tough at times like these with meditation or going for a walk or just tuning out at nighttime you know you vitamin C.. Personally I love eating you know that the spicy foods getting you chilli garlic Asian food really healthy style diet. Guys get your immune system ready to fight off anything that he catches a lot of jobs are going to come out of this as well as a lot of job losses so people are going to all be wanting to get hired at Amazon Coles and Woolworths are putting on people. I think we tend to see huge demand for extra health care workers. Maybe we can do some fast tracking you know one month basic nursing course. Something like not just all hands on deck society coming together almost like a wartime effort until we until we beat this. For those of you that are wanting to trade this just remind you of how risky and how volatile markets are. But if you do want to short the stock market don’t use any leverage or anything like that. It is possible to still make money but I think for most people now it’s about hedging whether that your currency risk your portfolio your crypto holdings or whatever you want to be hedging and protecting your capital. So we’ve got that hundred dollars free bitcoin sign up for those that are interested in trading these guys off of that virtual account. And if all you want to do is practice trading in these sort of conditions you know that is going to be a lifelong skillful when we have that you know the next market cycle whether it’s 10 or 20 years from now. So look even a practice account is good for learning while you’re at home. Let’s get into the crypto news where bonds and with Xerox have announced a 50 million dollar block chain fund in India. These guys are doing great stuff. They’ve got a token that’s been performing extremely well again of late. So once crypto markets turn around I think exchange tokens are ones that are going to do well. Ripple have cemented their Asian presence with more partnerships in Thailand with fintech Company D money their car down in the headlines again. Charles Hoskinson did go live and say this wasn’t a big deal. This was an old partner. Nothing to worry about and it’s not going to affect the launch of their may net which has been months and years in the making now. So hopefully Shelly does come out soon. The Teslas Foundation has settled a lawsuit for 25 million and saying that they’re sick of paying all these legal fees. We know how much lawyers love to charge and in the crypto world we’ve got steam in the community. They’re actually hard for the network and they’re relaunching hive as they’re calling it they’re after everything that’s been going on with Justin sun trying to buy out the network. So great to see a decentralized community coming together there storage decentralized cloud storage is in computing. I’m very bullish on these type of projects. They’re tardy grade upgrades now live. This is a perfect example all the theorem being able to have these censorship resistant file storage so Chinese journalists are sharing reports on a theorem because if they tried to share them on the Internet they can get censored and blocked and shut down. So this is the decentralized World in Action that Micah has had its issues this week. The system didn’t function as it should because the theorem got clogged during that huge sell off. So they had to issue some more make it tokens and that is the way the system was designed to function. That was the emergency backstop those auctions have all finished now. There were plenty of buyers in the make a token and that one has bounced back really well in terms of price after a lot of people were fearful that was the end for the project. With all these issues happening in the world of day at the moment insurance has never been more important. So Delphi digital did a great research piece on all the best insurance projects in the world of five. And um I’ve spoken out nexus meet you had them on the channel open. I’m going to have those guys on as well. Ether risky is another one you can’t see behind me there are some very cool little projects there. So I read that report from Delphi digital. HTC are getting right behind Kibo and a lot of these smartphone companies are really integrating with crypto wallets and what not so great to safety for public awareness. The theory and baseline protocol is now open source on github. So this is the the protocol for building private systems for corporates and businesses to use the fear in public chain while still keeping the data that they need to private. Using this protocol layer on top of the theory in public chain open browser have enabled Apple Pay debit card crypto purchases in the U.S. So as if they didn’t have enough on ramps already it’s more these developing countries which is really the rapid expansion of getting the millions or billions of people into the crypto world that I’m excited about. But Coinbase Coinbase has said that traffic broke records and so huge volumes during the recent market collapse. So these are very similar to the stories that I’ve been hearing. Like I spoke about at the start of this video the website traffic was it was through the roof. We’ve had thousands of people and hundreds by Go Silver and bitcoin for the first time because with everything happening as ro says here Heyman I’ve been talking every day at the moment because it’s kind of you know you need to branch out with so much happening around the world. But in some ways it’s exciting for the bitcoins and the people that have been expecting this and bunkering down living within their means and saving getting into your goals you Silver’s getting out of shares and if you’ve been prepared hopefully there’s a lot of good that can come from from the bad at the moment when people lose their jobs. Hopefully the new system when the dust settle it’s going to create a better job and a better quality of life for a lot of these people. That’s what I hope can come out of all of this. I certainly think that decentralized system is going to play a huge role in all that. So just quickly looking at the charts here. Bitcoin has had a pretty decent bounce this week. We’ve got to be careful that this is just a bear flag when we see a huge sharp sell off like this. But you know my thoughts that that liquidation on Pete makes actually push prices a lot lower than they maybe otherwise would have gone if we didn’t have that cascade where they had to shut the systems down and other exchanges were getting dragged lower. So there’s plenty of healthy buying like gold and silver have not been immune from this either. It’s ridiculous to see the price of silver under 12 dollars when you can’t get physical silver at basically all bullion dealers around the world. So that is going to break in the coming weeks when people actually buy those futures contracts and they demand delivery at the 12 dollar price. So the paper market is going to break and it’s going to come back to the real world price and demand for silver. The same with gold. You’ve got your digital options. I’ve done videos on that guys hang in there. I just can’t explain how bullish I am with the governments and central banks around the world printing trillions of dollars. What this means for these finite currencies that can’t be printed longer term so hang in there. We’re all in this together. Head over to our website to check out our resources. Join up to our community if you want to join the discussion and stay up to date with everything that’s happening. Thank you for supporting the channel more than ever guys place mass that like button subscribe. You haven’t already shown these videos around and I’ll talk to you again soon. Cheers.

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  1. Thank you all for your ongoing support. Without it my team & I would not be able to bring you content & resources every day of the week. I hope you're all doing ok in this challenging time.

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  2. so if you have lived within your means and payed down your debt you are a mug, rather than 'living big' and leveraging to the max. Same for businesses – the macro message is that fuck up and the Gov/taxpayer will bail you out, just like last time. That's why it is so bad now, the lessons were learned well!

  3. I feel sorry for the baby boomers…. Their managed funds are fleecing their retirements; their fund retirements are been blasted away by the spiraling down of the markets….Plus they have unscrupulous people like I.C.E, making it worse for them….The funds main business income are from the fees collected from investors…whether they make or lose money makes no difference to their bottom line….

    Yes, not only the Aussie dollar, but other world currencies are been devalued against the US dollar…. The US dollar will keep Hyper inflating as investors (all types) are dumping their national currency for US dollar, driving the price up……

    NO…., China's stats are way, way down….the REAL stats for their c/virus is anywhere between 3-5x their official figures….Who, in their right mind, is going to believe a communist dictatorial military regime…..about their low corona virus stats?? —-

    If the Chinese people do go to work, their incidents of c/virus victims will sky-rocket….this will be a mistake from the Chinese government….It tells you more about their desperation to get the economy back on track…they would rather sacrifice people for it… by telling them some white lie that it is all over, when in fact we are just at the beginning of this global pandemic stage…..!!!

  4. Thoughts on getting the 100k small business loan from the Australian government and investing in Bitcoin , gold , and silver ??
    Currently have around that amount already evenly invested in precious metals crypto and cash but I don’t mind the idea of using the loan strategically??

  5. The Fed in America is giving banks $500 billion, a night. But could be more. 08 all over again. Who the hell gets it all? What do they do with it all, good bet they load up their vans each night. Bails out Top bakers and famous trader. Cover it all up giving the pesents 1000 bucks. Trump hates Bitcoin, smiling Steve is giving him bad advice. They want to destroy Bitcoin. Something bad is happening, about to happen, many top CEOS have left their positions, Gates etc. Brace yourselves for a bad road to November elections. They want Trump out, will do anything to bring him down.

  6. thanks for your wonderful efforts……DR. ERIC BERG talking about Corona Virus on YOUTUBE could be of interest too you and for all you PREPPERS out there consider having ASTRAGALUS for your stores/backpack if you have never heard of that before….YOUTUBE has many Tutorials about this well known VIRUS KILLER……..that so many of these medical people still don't seem too know about……….or maybe it's selective blindness…….

  7. Thanks nugget, glad to have finally joined at a paying member, no doubt I'll wish I had done it ages ago! Really appreciate all the effort you and your team put in to keep us up to date.

  8. Have you checked out Chico Crypto's video's on Cardano's shadyness?
    Have you checked out Tone and Jimmy's video's about problems with defi?

    If so, do you think they make good points or are they overplaying the problems in your opinion?

    Tx for doing this.

  9. 18:30 I think your comment here is a tad naive. TPTB know that the current fiat based financial system was fast reaching its use-by-date and have been planning for decades to take advantage in its eventual collapse, even, dare I say it, 'manufacturing' a pandemic as cover to transfer wealth from public to private and as cover for a unprecedented NWO power grab. I expect the plan is to have economic activity gradually to grind to a halt, economic hardship become unbearable and then a "solution" proposed as the masses in desperation call for their govts to do something. Then, at that stage, a financial reset will take place most probably into some cashless centralized digital currency (SDR? XRP?). It would be to their advantage to roll out their plans and sequence of events as quickly as possible so the masses are blind-sided, have no time to react, consider and counter the fascism that will be hurtling towards them.

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