3 Things You Need to Know About Life in 2030: E.B. Tucker at VRIC 2024

[Music] [Music] I'm notoriously bad for um for not doing these presentations I think you're sitting here all day and have these slides and everybody holds up their phone and takes pictures of these slides and um I just never liked school and so I'm not going to sit here all day and have you taking pictures of slides um the other thing that that I've got to let you in on is that I actually changed a little bit the presentation last minute they ask about these things weeks in advance and um I will give you three things I think that life will be like it in 2030 but I wanted to shift a little bit because I'm writing a new book and uh when you write a book I don't if anyone's ever done this before you really focus and you have to crystallize your thoughts and you wouldn't believe the kind of thing things that you see more clearly uh as you go through this process and so what I thought I would do is I would tell you a story called advice for Jimmy and Jimmy has anybody out here ever had a mentor in their life like you know did you ever have a mentor I had I had a mentor that really shaped my life and Jimmy needs a mentor so Jimmy's 16 and he wants to be a surfer and the problem is what happened is he he he watched Point Break and he saw Kelly Slater shoot the pier at Malibu and he like that's what I want to do and he wants all the glory of Surfing and so Jimmy's cutting yards like on Northshore saves his money buys a surfboard all the things you need bikes down to Stanley Park Gets In The Water sits on the board all right no waves Cru a ship comes by you know just a little bit of a wave and he's like thinking about Point Break he's like I don't know something's not working so he doubles down this is dedicated young guy okay he's a hard worker he's not lazy doubles down he comes out there again again again he comes out in the weekdays skips school right he's like I'm I'm going to do this okay finally old guy comes by and he's like what are you doing so surfing man you know I'm going to do like you know the surf thing right long hair tan ripped you know the guy's like the waves are in toino you know like Jimmy's like where's topino you know this is new information to him this is new information to Jimmy and the thing is is that we're here we're in this Hall we're here for deals okay we're here for like the next the next hot thing okay we want to know what's going to happen this year that can give us the taste of 10 to one you know like we all remember you've had something go 10 to one what happens is all you can think about is I got to do that again okay I mean you first you think how am I going to spend all this money the second thing is you're like I got to have more of this all right and it set you on a quest you know you want to taste you want to taste that again you know Jimmy wants to taste the way right it's like this is the this is how we all think but he's in the wrong place and so we got to think about right now we want action okay but what's really going on here okay what's really going on now I'm sure some of you are probably like oh yeah I bought Hercules silver at 15 and sold it at you know $150 and sure I'm sure all of you did everybody I talked to seems to have done that by the way this is remarkably interesting now everybody seems to have perfectly traded everything but overall it's not a really good time to speculate it's not a good time and all you have to do is you have to look at the returns over the last year and they're not that great okay and what does the company management tell you oh yeah we got a lot of big things happening it's right around the corner it's going to be amazing just with a little bit more of your money then we're going to be out there we be drilling all over the place and so what I'd like to do today is I would like to slow all that down for a minute and talk to you about something that I do as I'm writing this new book I'm trying to explain to people that a lot of what you do as a successful investor is be patient okay and it's not like sit there forever and be patient but when it's time to act okay when you're in Tofino and you're surfing you don't need to like lose your breath you know paddling like crazy for a wave I mean there's waves all day long they've got these heaters that come from Japan and they're just like pounding the beach all day long you don't need to like overexert yourself right and like get close to the Jetties and take all these risks and so let's slow down for a minute and let's talk about the big picture now one of the things that I think people really miss okay is that over the last 30 years the gold business has gotten unbelievably small compared to the rest of the world okay so the other day I got an opportunity to invest in chat GPT it's a private company called open AI they're raising money at $85 billion valuation 85 billion ion doll now my answer to them was I think this company will probably go public at like half a trillion okay so like six times what they're offering me but 85 billion for $85 billion you could buy all of numont all of baric and all of first Quantum which you know first Quantum is not really been doing so great but you could have all three of those companies so you could control a huge chunk of the world's copper and gold production for the same price as chat just think about that for a minute it's it's only a computer that's answering all the questions of life for all of us right so for the last 30 years how's this happened okay because 30 years ago you had you know fredland Diamond Fields I mean people made serious money okay and we've not really had a real bull market we used to have bull markets every few years we haven't really had a serious bull market in about 12 years now we had a little bit of a bullmark in 2016 which we'll talk about in a minute so think back to that time now the fed's balance sheet at that time was $400 billion like 400 billion that's billion is with a this is going to get complicated billions with a B okay the numbers are getting really big but I want to tell you life in 2030 the numbers are going to get bigger and so what we want to take away today is I want you to get bigger too okay so like if the numbers get bigger and you don't get bigger you got a real problem if the numbers get bigger and you get even bigger then you don't care how big they get okay $400 billion now at the at the height of the the flu remember that we had a flu Panic a few years ago the Fed was $9 trillion okay so from 400 billion to 9 trillion at the same time Apple went seven times the the amount of treasury debt in the US went eight times okay and the gold business shrunk and and now what I find interesting is in addition to being able to buy all those gold companies you could you could either buy Newmont or Hershey chocolate is the same price you know because I always used to joke that if you show a millennial a gold bar or a candy bar they'll take the candy bar I mean it's really true but you can get Hershey for the same price as new okay so what happened what happened okay so we're all here trying to participate in this market we want a bull market okay bull market implies you have a market but the free market ended it slowly ended and nobody gave us any notice what what what the central planners decided was Bull markets are no good because people like us benefit right like we're capitalist okay which means we have Capital we go in there and we buy something we want it to go higher we sell it we make money we we take that money we buy like a Porsche or something I mean we you know we do all this capitalist type stuff right and they're like but capitalism is really tough because what happens is sometimes you have a bare market and then when you have a bare Market people get upset they start hurling rocks you know and then we we'll get thrown out of office we can't have that you know we need to have a centrally planned market so how do we do that well what we got to do is we got to take this Market we got to hook it up like to a pipe you know control the flow of this thing like put a spigot on it so we can you know turn it up a little bit turn it down that's been going on for a while and it's worked quite well okay so all the people in there giving you talks today about the US dollar is going to go to zero and I mean maybe but maybe eventually but I don't know if you'll live long enough okay so the the Empire is quite powerful right I mean this is this is like a real monster to deal with and believe me like the New York fed they they got 500 math phds with Bloomberg terminals I have a Bloomberg terminal like I look up New York fed 500 of them sitting in rows they have unlimited spending power okay they create all the money they want and how how you going to that's going to go to zero I mean I don't know it's going to take a while okay so but it's getting difficult believe me and that's what we can exploit okay so what happened is is that the debt in this time doubles every eight years now sometimes people miss this okay I wrote an essay about this I got a lot of blowback because everybody in the US is political but this is not political here's the thing go all the way back to Carter every eight-year presidential cycle just take any president's bolts them together for eight years the debt doubles okay so Reagan was the first guy to see a trillion right then you get into you know Bush Clinton because we had a little like a uh half of B half of first bush bush Clinton you're at four trillion okay then you get into you know Bush 43 you get into Obama okay I wrote this essay in 2016 the debt was 18 trillion today I'm sure a lot of you know this it's 34 trillion you can watch it climb on the Internet it's an amazing thing to do it's going to be at 36 trillion this year and everybody says well how's that going to happen believe me they will find a way to spend money one of my cousins is running for congress it's probably the smartest guy in the family okay it's a lot smarter than being a gold investor you know these guys know how to spend money okay and apparently nobody's ever going to stop him okay so we know that the debt is going up but the problem is during the flu Panic everything got out of control right guys that were parking valet cars they're now stock speculators do you remember this people that are cutting your yard they're like we're going to be quit doing this and be an option Trader okay and this got out of control and so it had to get reigned in all right it had to get reigned in and what's shocking to me is that the Richmond fed okay wrote this article about how they had to reain things in to reload for the next Crisis the article has a subtitle I'm sure none of you spend any time on the Richmond website so leave it to me I'll do it for you they they have a title of this article called reloading for crisis now what they realize is that things got out of control because we can't have La guys being professional stock Traders we can't have your Gardener becoming an option Trader we actually need him to be a gardener and pay you know payroll tax and all these things it's very crazy remember how crazy things got so how do we re this thing in but we also can't crash the system because if we crash the system we got nothing left so what they decided to do you remember reading zero hedge they had all these things about the reverse repo remember reading this oh the repo you know it's going to be like trillions of dollars repo was panicking about this repo okay I'm going to explain the repo to you it's very easy so don't be worried if you haven't had a lot of coffee you you'll still be able to get it everybody thinks of repo like you can't pay for the Mercedes right or your neighbor or something got over his head and they come in the middle of the night scoop up the car take it away repossession doesn't work that way the repo in the fed's controlled system is a scheme where I have an asset and I sell it to you and I agree to buy it back the next day okay and then you can do reverse repo where you do the next thing and people say well why would you do that well what it is is a complex scheme that allows the FED to to control big giant pools of money using its interest rate right so it's like you have a million dollar bond sell it and buy it back for a million ,000 the next day this tiny amount of money and that amount of money equates to the the rate that they set okay and if you notice the fed's effective rate is no longer effective because the overnight rate is 5 A2 and the treasury is like you know 375 it's been under four so the FED has lost a bit of control of this it's got to get control back because remember the Empire will die if they don't have control and they're going to get that control back believe me okay and I'll show you how it's happening so this repo got to $2.2 trillion it was Zero before the flu Panic it was Zero okay $2.2 trillion this is where all the money went you remember they printed 2.2 trillion it all ended up in this repo so you would read these things like these gossip rags and finance like if you're reading websites you know this is usually like just kind of like gossip 2.2 trillion repo something bad's going to happen nothing bad's going to happen then they start raising rates and the repo starts to shrink now the repo is $600 billion so it's gone down from 2.2 to 600 billion meantime every single month since June of 2022 the FED pulled $90 billion a month off its balance sheet it lets it roll over so you have a mortgage in the US you pay mortgage like a good citizen that money goes in the FED owns that mortgage as you pay it off they used to reinvest in a new mortgage right mortgage rates are way up they're not doing that okay so you mail the check in it retires that money it reloads for the next Crisis the Richmond fed told us this reloads to the next Crisis okay which is coming and here's the thing you can feel it in Vancouver you can feel it on Granville Street my broker we go out to lunch the guy wants to split the check I mean it's like it's really not a great time okay because all this money coming out our sector is very sensitive to this money coming out right and it's not quite done it's not quite done 90 billion a month coming out the repo will be done by June okay when this is done you're going to start feeling a lot of pressure in the US all right it's already happening Blackstone has defaulted on a property on Broadway the loans selling for 50 cents on the dollar okay everybody's positioning everybody knows that there's that there is a big problem coming because they try to control the spigot they' turned it down now people are remarkably positive right in the US like I'm telling you you go out to a restaurant they're like get in line I mean it's unbelievable like who are these what do these people do but things are not great everything you own is like struggling to keep going up in value now I'm sure okay like in my newsletter Tucker report EB tucker.com we we did a lot with like chips and all this stuff this year okay bigger picture stuff we did great but the thing is is like on average on average things are not going up okay everybody knows there's a problem all right and as this repo rate goes down to zero which is happening 90 billion a month by June you'll be done the pressure is on the FED is reloaded for crisis now back to that 9 trillion it's now 7.5 okay 7.5 everybody's worried about this pile of debt it's down to 7.5 it's never going down to zero okay obviously right it was 400 billion in the90s it goes up it comes back it goes up it comes back back and I want you to see that what we do what we're here to do okay we're here to ride that wave we're here to Surf we're here because we know what it feels like to Surf and we want to do it again there's nothing like it okay and we know that and if you haven't done it yet it's going to be great believe me so it's not the time it's not the time the time is now to figure out what you want but I'm telling you when this thing turns on it goes nuts 2016 I remember being in Brazil late January my friend said the gold business is finished I said I I don't know what to tell you I mean I can't defend it it's it's just been too painful about a week later things kicked into gear and they kicked hard and the gold business ran before August of that year or if you any of you were up here for conferences there were stocks that went up 1,000% okay when this thing moves it moves like crazy when it doesn't move you will burn the furniture trying to stay warm okay I'm telling you nobody knows about suffering like a gold bug okay but the problem is is that you're surfing in the wrong place that's the problem or you're surfing when it's not a time to Surf and what's happening right now is we're completely shifting we need to shift our mindset we need to shift our mindset in this business 30 years ago when this when the Fed was 400 billion and you know before it exploded private placement documents were two pages long they were written on a typewriter they would hand them out to you here you'd sign it you RIT check and then you get the stock like mailed to you boom you're done nowadays 60 Pages all these lawyers uh Patriot Act got to make sure you're not a jihadist so you can invest you know that's like a really big thing all right and and so that's before you try to trade cross border and all these things happen okay it's it's not it's not good you need a bull market without a bull market it's almost impossible for every one Hercules there's a thousand that are just try they're like oh we got something we just need like a little bit more more money just a little bit more money and you say you told me that last year that's what you told me last year I'll just wait till next year you'll do a roll back I'll be in there then and I think once we see how the big picture is working then we can understand easier how to surf and not crack our head on the jetty okay now the original title of the presentation three things know by 2030 so let's get into that because some of them I think are going to alarm you and some of them are going to excite all right the reason why it's important to think about 2030 is that a lot of things happen o over a little bit longer period of time like a week okay when you get into a trend you can actually make a lot of mistakes and you can make a fortune all right I I I was telling someone earlier I bought a lot of rental property in the US 2010 I made a lot of mistakes I made a lot of money okay when the when the wind is at your back when the surf's coming in you don't need to worry about missing a wave or falling off the board or any of this stuff okay and so I want you to think about something the first thing that I think might shock you is that once all this repo situation is turned we have the next feds going to have an acronym for the next thing they do it'll be different it won't be the same won't be QE just get ready for something exciting eventually they'll have to force you to buy treasuries in your retirement account all right all the Americans have all this money in their retirement account you'll be forced to buy treasuries not tons of treasuries you'll get a return the return won't match inflation but you'll be forced to buy treasuries this is going to be necessary the second thing is you're going to pay for everything with fedcoin all right everything is going to be tied to fedcoin your wealth is going to be tied to fedcoin your taxing is going be tied to fedcoin everything you do is be tied to fedcoin now you say to me I'm not going to go for that you're right you're going to go for it okay or else you won't exist in the system and that will be a huge problem like at the airport now they have a facial recognition they say yeah you can opt out you know you go stand in that line over there for 3 days and then we you're not going to be able to opt out okay life without fedcoin will be you have to live live in the Amish Country okay so you're not going to do that and how are you going to take fedcoin you're going to take fedcoin after the great cyber Panic of 2029 that's what's going to cause you to take fedcoin most of you would stare at your phone more than you'd like to admit okay you're going to look at that phone one day it's going to be black it's not going to work okay and to get that phone to work again you're going to have to opt in to digital control that's what's going to happen and everybody's going to do it you saw what happened during the flu crisis you saw what happened you remember what your neighbors said to you and all this stuff people will do anything they're told believe me they'll do anything they don't have any rational thought capability they'll do whatever they're told to do to be safe to be safe from madeup threats and that's the madeup threat now the next thing okay $5,000 gold people say oh that's not very exciting okay the value of gold right now 14 trillion something like that okay all the physical gold take it up to take it up to 30 32 trillion at 5,000 bucks right that's about 10% of the the value of of of world assets right now $5,000 gold and finally because the meter is running down and I don't want any Tomatoes coming up here see Bitcoin $250,000 and I'll tell you how that's going to happen that's $5 trillion okay you you you you look at the value of Bitcoin today and people miss people miss the fact that it's only about a trillion dollars okay people want Bitcoin survey young people ask 10 young people you want gold you want cash or you want Bitcoin every single one says Bitcoin it's extremely powerful don't overthink it I think a portfolio with no Bitcoin is like a portfolio with no gold it's a huge problem all right and so get ready for that best of luck to you I'll be back next year and uh I hope we're ushering in a massive bull market where we can all have lots of success and I think if we prepare wisely we will thanks so [Music] much [Music] sh

Channel: VRIC Media

Views: 6,084

Keywords: vric, vancouver resource investment conference, vric 2022, commodities investing, investing in commodities, vric 2023, commodities, vric 2024

Id: nAUYT9LcRKM

Length: 21min 2sec (1262 seconds)

Published: Thu Feb 01 2024