Trump Vows to Block Central Bank Digital Currency Schemes

Coming up we'll hear an interview with David Morgan of The Morgan Report. Be sure to stick around and hear the Silver Guru's take on the current market conditions and what to expect in the metals space in 2024.

But first, here's this week's market update.

As the stock market flirts with new highs, precious metals markets may be putting in a near-term bottom.

The S&P 500 index rallied on Thursday to just shy of a record close.

Gold and silver markets also rallied, erasing some losses from earlier in this week's trading. Escalating conflicts in the Middle East drove some safe-haven buying of bullion.

But statements by Federal Reserve policymakers indicating they are reluctant to cut rates as aggressively have weighed on metals this month.

Although metals markets have gotten off to a rough start so far in 2024, gold continues to hang on to critical support above the $2,000 level. As of this Friday recording, the monetary metal checks in at $2,035 an ounce – down 1.2% for the week.

Turning to the white metals, silver shows a weekly loss of 2.9% to bring spot prices to $22.69 an ounce. Platinum is off 1.4% to come in at $908. And finally, palladium is posting a 4.4% decline this week to trade at $967 per ounce.

Sound money advocates are paying close attention to how the political battle lines will be drawn for this fall's election. Former President Donald Trump claimed an impressive victory in the Iowa caucuses. Barring an intervention from the courts, Trump's ascension to the GOP nomination now seems inevitable.

He has received the endorsement of former candidate Vivek Ramaswamay. The anti-Woke businessman offered sharp criticisms of the Federal Reserve system while campaigning. He linked the Fed's monetary policies to the problems of inflation and housing unaffordability.

Donald Trump has also blasted Joe Biden over rising costs of living – an issue that appears to be hurting the incumbent in key battleground states such as Pennsylvania and Michigan.

This week Trump sounded off on the threat of central bank digital currency. The Biden Treasury Department along with the Federal Reserve have been actively exploring the possibility of issuing a digital dollar. Trump vowed to stop it from moving forward if elected President.

Donald Trump: And tonight, I'm also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a central bank digital currency. You know what they're doing? Such a currency would give a federal government – our federal government – the absolute control over your money. They could take your money, you wouldn't even know it was gone. This would be a dangerous threat to freedom, and I will stop it.

Sound money advocates applaud Donald Trump, Robert F. Kennedy, Jr., and others regardless of their partisan affiliation who speak out against central bank digital currency schemes.

But champions of hard currency are also skeptical about the prospects of any of the major candidates for president bringing about fundamental reforms to our fiat monetary system.

Trump originally elevated Jerome Powell to Fed chairman, and Biden reappointed him, continuing a long history of bipartisan support for the status quo at the central bank. Running up larger and larger federal deficits to be financed with easy money from the Fed is also a longstanding bipartisan tradition.

For all his talk about draining the swamp, former President Trump allowed deficit spending to balloon under his watch. Of course, his fiscal record took a hit in the final year of first term as a consequence of pandemic-related emergency spending.

Even though the lockdowns and mask mandates have gradually given way to a return to normalcy, federal finances have not returned to normal at all. The deficit for the current fiscal year is expected to exceed $2 trillion.

There is no national emergency, no major war being waged by U.S. troops, no official recession or financial crisis. And yet, spending is going completely off the rails versus tax receipts.

Washington is broken. All efforts to fix it through the legislative process are running into entrenched opposition from the establishment wings of both parties.

On Thursday, Congress passed another stopgap funding bill to avert a government shutdown. Once again, it was pushed through by top Republican vote counters who joined forces with Democrats to thwart the objections of fiscal conservatives within their ranks.

Another budget battle looms ahead of a March deadline for keeping federal funds flowing.

In an election year, politicians will be working to clear their schedules for campaigning. They don't want to be attacked for cutting programs the government cannot afford to continue funding. So, they will kick the can down the road for some future Congress to deal with the deficit.

In reality, the window of opportunity for a political solution to the nation's fiscal woes may have already passed. The only remaining solution is a monetary one. The pressure will be on the Fed to enable the government to borrow by the trillions at artificially suppressed, negative real interest rates. Central bankers will also stand ready to buy Treasuries in unlimited quantities.

Jerome Powell and company do in fact have the tools to cover over the government's massive funding gaps with new currency creation. But at the cost of wrecking what remains of their credibility on price stability.

Well now, without further delay, here's Money Metals' Michael Maharrey's interview with our good friend and the man they call the Silver Guru, David Morgan.

Michael: I'm here with David Morgan, publisher of The Morgan Report. David is a well-known analyst in the precious metals industry, consults for hedge funds, high-net-worth investors, mining companies, depositories, bullion dealers, and more. He's the author of The Silver Manifesto and other books. And he's also a featured speaker at many investment conferences all around the world. David, thank you for coming on the show. How are you doing today?

David Morgan: Mike, I'm doing fine and thanks for having me.

Michael: Well, it's my pleasure. So, I was just perusing your website, getting ready for the interview, and on the top banner, pretty astonishing claim. It says inflation has reached 3000%. And so, a lot of people would see that and they say, "Well, I just saw the December CPI data. They said inflation's only 3.4%." Where are you getting the 3000%? What's kind of the point that you're making there?

David Morgan: Well, if you look at a dollar as defined as 371.25 grains of 999 fine silver, and you look at that 1913 dollar and you look at today, you could say a $20 gold piece in 1913 today is about $2,000. So, 20 times 10 is 200 times 1,000 is 2,000. So, it's 1000% just in the monetary sphere -- would be 1000 times. 3000% is relative to goods and services. So, what we've really seen is a hyperinflation at a slow rate of speed. So, in other words, if I had my great-grandfather wake up and say that an average automobile cost what four houses cost in his day, he would obviously recognize that immediately as a hyperinflation. But since it took 120 years to accomplish that, people roll with the punches, so to speak, and just accept it or shrug their shoulders and go on.

So, the dollar really has lost a great deal of value officially. Unofficially, I think it's greater than the 1000 I pointed out. Those are raw factual numbers. The point being is that the government's admission of inflation is far less than the true rate of inflation. In other words, if you use the Hamburger Index as an example, and say, "Well, hamburger, that doesn't really represent that much." Well, in actuality it does, because it's got the beef, which is a commodity, it's got flour in the bread, which is a commodity, it's got transportation costs, it's got fuel in it because it took fuel to raise the crops, both the wheat and the beef, and on and on. So really if you analyze what is in a hamburger, it actually was a pretty good representation of a pretty good commodity-based real cost structure. So, I don't want to belabor the point, but yeah, it's outrageous for a reason.

We want to wake people up. We want them to push back. We want them to think about it. We want them to ponder it. One of my biggest goals for my life's work is really to not only, the overused thing, Michael, wake people up, okay, fine, but really to get them to think. The most important thing in any education, be it East, West, or in between classical education, is to be taught how to critically think, use logic, find logical fallacies, find when the argument is circular, all these things that people are not taught. So, they get locked into the present paradigm and the circular argument that actually sounds like, "Wow, well, that guy really knows what he's talking about, or that woman really has it together." When in actuality, it's a fallacy. It really isn't an argument whatsoever, but they don't know how to think through it.

Michael: I think it's interesting. I've seen the comparison kind of along the Hamburger Index. I've seen the comparison of a fine suit, which is something that's basically the same as it was 100 years ago -- a suit's a suit. And if you price a suit in an ounce of gold 100 years ago, it would've basically been an ounce of gold. If you price that same fine suit today in an ounce of gold, it's actually a little less, indicating the fact that as we become more productive and technology's advances, we can actually do things cheaper. And yet now an ounce of gold is over $2,000 an ounce, at the time, it was $35 an ounce, so that really gives us sense of just how much the government has depreciated the currency. I don't even like to call it money because I'm not sure that we can call the fiat dollars money in any real sense.

But let's talk a little bit about where we are in the current climate. I think the mainstream narrative right now is we had a little run of price inflation after the COVID pandemic. And first it was transitory and then they had to admit, "Well, it's not really transitory, so we better do something about it." And so, they've raised interest rates to 5.5% at the high end. And now they're kind of claiming, "Hey, we've got price inflation under control, and we're going to be able to lower interest rates again. And to boot, we haven't even hurt the economy. The economy's roaring along. We're just doing fine. We're going to get the soft landing." What in your view is wrong... I'm assuming you think this narrative is probably not right. I certainly don't think it's a good narrative. What's wrong with the way the mainstream is looking at things right now?

David Morgan: Well, I'll take a deep breath. I'll try to be succinct. First of all, for the big, big picture, all fiat fails. Number two is we're living a lie. You can't get something for nothing. So, a fiat currency can be printed basically for no cost. Yeah, there's cost of running the printing presses and electricity and manpower and labor and all that stuff. But the point being is that you can run these things until the marketplace says, "We are not going to accept that currency for payment anymore." And that's the direction we're heading. That's the direction that all fiat has done in past history. Does it mean it goes to absolute zero? The answer is no. It means basically people find another method of payments, which is what you see at the end of all great inflations. For example, the crypto boom as an alternative.

You see gold and silver come back as they have, but not nearly to the level that they might with the what I'll call suppression from the mainstream Wall Street-ers, because Wall Street doesn't really want to promote gold and silver, certainly the government doesn't really want to promote gold and silver. So, you have easy access to it actually, but most people don't know what to do with it. The main complaint I get, or I shouldn't say complaint, concern is, "Well, I believe you David, it makes a lot of sense, but what do I do with it?" And, of course, the answer is: you spend it, that's what you do. Your savings is in real money, and you spend in real money. And that's really how you circumvent part of the problem. But going deeper, we're at the end. The end is when we are getting to that point where the psychology of inflation overtakes whatever the government says.

And as they continue to lose more and more credibility, people just tune it out. And they just say, "I don't care what Mr. Powell has to say, or grandma yelling or some banker, it costs me more every time I go to the grocery store. Yeah, well, gasoline prices has come off somewhat, but I just got to another notice from my landlord, my rent's going up. Oh, by the way, my insurance bill's going up for both my housing insurance and also my automobile insurance. Oh, by the way, there's just another fee added on by the city for a city tax." So, this is insidious. It continues. It's pervasive. It's always in everywhere, and it never ceases. So, people get that psychological idea that this inflation's never going away. They tune out more and more of the mainstream rhetoric. And so, what do they do? Well, they take action any way they can, which means when they do go to the store and maybe they did get a bonus or maybe they saved or maybe they're doing fairly okay now, not as well as they were, but they're okay, they're still paying all the bills.

Hey, I'm buying more peanut butter. I noticed last time my family goes through a lot of it. The kids make their own peanut butter and jelly sandwiches, they eat 12 a week. And I'm buying a case of peanut butter and I'm buying a case of jelly. That might be a crude example, but it's a real example in real lives. Most people in the working class never have a stock account. Many are indirectly tied to it because of the way the system is set up. They don't even realize it. So, this is it. We're near what Rafi Farber calls the end game. I like that. I like that wording, the end game, because we're at the end of the game. And where does it go? Nobody knows. Well, we do in a way. We know what they, the powers that be, the global elitists, or what I call the money powers, the bankers, they want to keep control.

And the way you keep control in most societies is through money of currency. And that's what they don't want to lose. So, they want to move from a tangible thing like a piece of paper that has a picture of a president on it that's printed by a private banking institution. It's really script. It's really not even money, or even representation of money. But regardless of the legalities, people lose faith in it. And actually, I'm a big believer in the extra pyramid, which you can look up if you're not familiar with that term, people. Just go to Google Earth search and type 'E-X-T-E-R-A pyramid' and you'll find out what I'm talking about. But as the trust breaks down in the system, things that are very untrustworthy, like maybe some of the shitcoins in the crypto sphere, some of the bonds of questionable countries, bonds of corporates that are zombie corporations, all that stuff just starts to blow away.

People don't want it. You can bid, bid, and bid, and know there's no one offering to buy it. And so, you come down the pyramid and what you trust the most is the US Dollar. And that's for several reasons. One, we print as fast as we can, but it's not as fast as other countries. So, relative to other countries, we look strong. It's all relative. We're very, very weak from 1913 till now, but relative to other countries that are printing faster, we look strong. So, you've got that. And then you've got the trust in this piece of paper that I take to Starbucks, which I don't think they accept cash, but regardless that this cash will buy me something. So, you're going to get a run to the dollar. The dollar remains strong until what I call the bitter end or the end of the end game.

And that's where we are right now. So, people are saving dollars. They're not spending as many. They're forced to cut back, and on it goes. So, we are no longer at a place where we can kick the can much further. We might be able to kick it another five feet and hit the wall or kick it over the cliff, but there really isn't much road left to kick the can. And so, they could continue to try what they always have, and use monetary policy and fiscal policy to stimulate the economy, print up a bunch of money, print up five bucks, and for every five bucks they print up, they get $1's worth of growth in GDP. Well, that's wonderful. If you've got to borrow $5 to get $1 of productivity, you're definitely going backwards. You're really not growing. You're growing the money supply, but you're not really growing the economy.

Are there places in the economy that are growing? Yes, of course there are. But on aggregate, you're not. So that's where we're at. We're going to probably get this year, 2024, which we just started, where I'd say maybe 70% or 80% of the people really understand that there's something drastically wrong with the monetary system. They might not be able to articulate it when doing interviews. That's not what's important. What's important is the psychology of inflation is in them and cannot be released regardless of what the government thinks, does or says. Whatever rhetoric they use, whatever penalties they put up for disinformation, all of that stuff goes on the side, because the truth is what matters and the truth is more powerful than anything else, and the truth is these people have been screwing us for a very long time and they don't intend to quit. So, more and more people will catch on and start to do it on an individual, on a community basis and push back.

Michael: Yeah, I think you make a really good point. You can spew rhetoric for so long and kind of pull the wool over people's eyes, but ultimately, we all know what's going on. And I think maybe in some degree they've overplayed their hand a little bit. I was reading about in the CPI calculation, the way that they were calculating the cost of health insurance, it actually showed a 38% decrease in health insurance last year going up into, I think it was October. We all know that the cost of health insurance has not gone down 38%. It's ludicrous. And at some point, your average person who's not watching CNBC and doesn't care at all about what's happening over on Wall Street, they're looking at that and they know this because they're paying that bill. There's only so long that you can kind of gaslight people, I guess to use a popular term today, into thinking that everything's fine when they know it's not.

And yet you still have folks out there in the mainstream that will say to somebody like you or to me, "Well, you've been doom and gloom and you've been predicting a crash and everything's fine." I remember back in the eighties when people really started to talk about the national debt, and really kind of spiraling up into the nineties and you had the new Gingrich phenomenon. And then the national debt, it was like $4 trillion or something paltry compared to where we are today. So, they'll look at that and they'll say, "Well, we've gone this far and everything's still fine. Why should we believe you now that everything's not fine?"

David Morgan: Yeah, I think it comes down to the Buffet Indicator. If you look at real productivity versus the GDP and then you see what the interest is on the national debt, when you get to a point where all of the tax receipts can only pay the interest on the national debt, you're in big trouble. And that's a Banana Republic type of statistic, and that's where we're headed. Plus, there's so much that's obfuscated by the power elite. For example, if you go back to Professor Skidmore and my friend Catherine Austin Fitts, Dr. Skidmore proved that there was a $20 trillion off-budget item that's in the black budget that was in the national debt. So, we're really not at $34 trillion, we're at $54 trillion. And you don't know what they're really doing. The Fed's books have never been audited. We don't know how much funny money they sent to Europe to keep their banks from crashing in the 2008 financial crisis.

So, what happens, and really what's a great question is... I'll use the analogy of the movie The Matrix. Because things happen slowly over time, and this is really well thought out by them. I have to basically tip my hat and give them kudos. I don't like to. I don't like anything they're doing, but that their plan was well thought out from the aspect that they do it slowly over time. So, if you go back to when I was a kid, you could buy from an independent hamburger joint, five burgers for $1. Now they weren't very good burgers. They were about the equivalent of a McDonald's burger, but still, you get five for $1. Well, then you move on and now you were getting $1 for a hamburger or whatever. And things started to come to the surface, like a certain outfit was using horse meat or they were using oatmeal in their burgers to make them look bigger.

And that's just a quick example going back to the Hamburger Index of: what is the truth? And a truth gets distorted and convoluted and then you come out with nice buzzwords like it's my truth, like my truth supersedes an ultimate truth. And the truth is, is that as the inflations wear on, their companies, corporate America, even individuals, even mom-and-pop shops do what they need to survive or continue to profit. So, the shrinkflation, it's the same price, but the bag is 20% smaller than it was before. A lot of people don't pay attention to that. So, you get this ministry of truth out there running everything. And it's legal to do all of this stuff. Or some of it's not, but they do it anyway. And so you get the wool pulled over your eyes, as you said a moment ago, where people on first glance, it appears as if everything's okay. And why are you worried now?

When the debt was $4 trillion, we were doing fine, and now it's $34 trillion or $54 trillion, whatever it is, we're still okay. And so, what's preventing us from going over the edge? Nothing. It's going to be the same. You're a worrywart. You're a doomer. You don't know what you're talking about. And yet if they look in corporate America and see the amount of Bed Bath & Beyonds, they see all the corporate restaurant like Applebee's, they see Targets, they see all of these stores in the retail sector that have closed up entirely, or better than that, how many have reduced their inventory substantially. You'd have to be unawake to see the reality of how much the system is contracting. And that means less choices, that means less things to buy, that means less jobs, that means less transportation, it means less fuel, it means a contraction in the overall economy.

And that's what we are witnessing day after day. Yet if you just look out your window and you're living in a bubble and you don't get much away from your own screens, your mobile screen or your desktop screen, it might appear to you, especially if you're fed by the algorithms, to reinforce your thinking into this really incorrect viewpoint that everything is okay. So I'm here to tell you it's not okay. There's not much room left. We are going to see an end. How is it going to end? I don't know exactly. And what I want people to know is we've been here before. Humanity has gone through this before. There's been many instances of collapse of empires. In fact, it's part of the greater cycle. Does it mean that everyone starved to death? No. Does it mean you don't have your friend... There's a lot to humanity that is so unbelievably fantastic with our spiritual-ness, our openness, the way we can treat others, the way the general people are good.

I'm absolutely convinced in my world travels that you just randomly take a group of people, and eight out of 10 are basically good. Not perfect, we're human, but they're going to help you. Especially in the Latin American countries in my experience. I don't want to go on that tangent too far. So we are at the end, and unfortunately, we don't see it. And it's like putting it on a new pair of glasses. Maybe you need a new prescription, and all of a sudden you get the new prescription. Everything's the same except you see it differently. And I think that's what your job is and my job is. It's not to paint a picture of doom. It's not to broadcast 3000% inflation. What it is to get you to think and realize the reality of the situation. And we want help. And the best help that we can do is for everyone to be free.

It doesn't matter your color, religion, your sexual orientation, none of that really matters in the greater scheme. What matters is: are you free or are you not free? And that is the bigger question, because money is power, money is control. If they get to the CBDC, which is what they're shooting for, they have ultimate control of over everything you think, do, and say. Think about that. Everything you think, do and say. The algorithms are getting so powerful... And I don't want to go against some of my friends that are more advanced in computer language than I am. I just did Fortran and Basic. But regardless, is there the ability to do thought police or not? I don't know. I'm going to presume that there is. My friends might say, "You're wrong, and it'll never be done or it cannot be done." I don't know.

What I do know is that The Minority Report was a pretty scary movie. And I also know for a fact that if your opinion is considered disinformation by the fact checkers, regardless of how truthful it is, your site could be shut down, that Twitter post could be taken down. You can be given a warning. I was just given a warning a couple of days ago about using music. And I looked up the music app that we used, and all this music is for free and it's unlicensed. So here comes YouTube penalizing me for using music from a site that's supposedly free and have access to. So, it just gets weirder and weirder, but back to you.

Michael: Yeah, it's interesting. I do some work for an organization called the 10th Amendment Center, and one of the policy areas that I've been involved in is surveillance. And I can tell you from having delved into that world that the amount of information that, not only governments but private entities that are often now in cahoots with the government, the amount of information that they can collect and gather on an individual is astounding. My wife and I were just watching Chicago PD the other day and they were talking about bus cameras. They've got cameras on all the buses in Chicago. There's roughly 12 cameras on every bus, some inward, some outward facing. When you start to add up the number of cameras, the number of microphones, the number of apps on your phone that can collect this data, I have no doubt that it is certainly feasible to have the thought police as it is. I don't think that's paranoia or conspiracy theory at all.

So, let's end on a bit of optimism because I think ultimately... I liked what you said about human nature and people, and I agree 100% with you. And that's what makes me optimistic. I know that we have resources, we have the ability to work, we have intelligence, so all is not lost. The government is corrupt and has created this mess, but individuals in cooperation with each other, we can certainly still do great things no matter what the government's done or continues to do. So what would you just say to an average person, maybe somebody who is not somebody who is of a great deal of means but is working and able to maybe put a little bit of money aside, what would you say to somebody or maybe one or two steps that they could take to just start preparing for what you and I agree is inevitable?

David Morgan: Yeah, that's a great question. And I may answer it a bit differently than you might expect, not that you have any preconceived ideas. But I've actually been asked this here recently, and so I'll back up a step. And I've been asked throughout the years many times like, "Well, you've been at this a long time and you've seen this from a very early age. You've made it your life's work. And how in the heck can this not burden you? You seem optimistic. You seem like you don't let it run your thought process." And the answer to that is the purported Gandhi expression, "Be the change you want to see." So, in order to really be free, you have to be free yourself, and that's a spiritual experience or a spiritual way of living. And so, if you are truly free, then all of this stuff is just stuff.

Is it important? You bet it is. Freedom is ultimately important, but if you can't be free in and of yourself and realize what your true values are, what your core beliefs are and what you're willing to fight for, then you really don't have any business in a way going into an action step without some conviction. So, one of the places I found freedom was one of my mentors, the late Harry Browne, B-R-O-W-N-E. Ran for President of the United States on a libertarian ticket, wrote several books. One that he's not so well known about is How I Found Freedom in a Free World.

Michael: Free World. Yep.

David Morgan: So, I would suggest that you get your own act together and your own family together. When I was in China, there was an expression, I can't speak Mandarin, but: the emperor is very far away. As oppressive as a communist government can be, it doesn't necessarily enter your life on a daily, minutely, hourly basis. Depends where you are. If you're in a banking system and you're photographed on the bus, getting off the bus, walking in the building, that's a different story than if you're out farming in the land somewhere. So, I'm speaking in a context of people that are not as inundated in let's say city life as others, so it's more of a rural life. And I think that's one of the aspects to be more free is more self-reliant and self-independent, not be as dependent on the corporate structure that we've all been taught that, "This is the only way to go. You got to get your shoes from X, you got to get your clothes from Y, you got to go shop at a corporate restaurant. You've got blah, blah, blah, blah."

And it reminds me, I think it was the science fiction... I think it was Demolition Man, where there was the corporate wars and Taco Bell or something was the only corporate restaurant that survived the great reset. So that's sort of an analogy for where we're going, but as this unwinds, we have a real paradox here. And the real paradox is that the globalists are working harder than ever to globalize everything, but the WHO in charge and they can mandate that we all have to bow to there and supersede any national sovereignty. Are you kidding me? That alone should be words that take up arms. I'll say arms in the terms of digital warriors under the computers, but eventually, it could go beyond that. So that's one aspect.

On the other aspect, the opposite is happening. As we get a further contraction in the economies, people are going more to what Cliff High calls self-organizing collectives. And this is our communities. And this is where things are breaking down. So, it's more important for you apple farmers to work together. "We've got too many apples, but what else do we need? Oh, we're going to work with the Montana guys that have beef. Let's start a co-op for the farmers, and we're going to have apples beef, corn, potatoes are big here in Idaho, and make our own co-op." So, there is nothing absolutely guaranteed as far as how this new monetary system is actually going to come into being and how accepted it'll be. It'll be rammed down our throats, and it'll be a no-option proposition for many people, that I'm pretty convinced of, but that doesn't mean it'll succeed in the long run. So we need to get out of our screens, I spent a lot of screen time, I'll admit it, and get more friendly with our neighbors, our communities.

And get back to basics. I know I'm droning on, but if for an example, we do have a cyber attack of some type or an EMP, either natural or not, we may get that pause and come out of it in a different thought process than we went into it. I think COVID did that for some people where-

Michael: I think so too. Yeah.

David Morgan: ... they really had to examine what was important and what wasn't. And their family's health was important. Their family relationships had a chance to get worse or heal. A lot of them healed. So, the human experience is about humans. It's not about computers, it's not about digital currencies, it's not about what movie. It's really about humans. When you get to the end, it's your memories that you have, and your memories aren't about your bank account. They're about experiences and memories. And a lot of them might be beautiful vacations, but that vacation wasn't, "I went there by myself and jet skied.." Because you shared it with your family, your friends went with you, or you had a big family gathering, or maybe it was that Christmas where you didn't have that much, but it was the best Turkey you ever had. Those are the things that actually matter at the end. It's just that we forget that along the path. We forget to smell the roses, though it's an overused metaphor.

Michael: I really appreciate that, that kind of philosophical perspective. And I agree 100% with you. To steal Mises' phrase, it's “human action.” It's that human interaction, and that's really where it's at. So, where can folks follow your work and get more information on you and what you're doing, maybe sign up to your newsletter?

David Morgan: Yeah, the best place really is to go to themorganreport.com and just sign up for the free letter. If you're interested in the subscription, hit the subscribe button and read the sales letter. I do my own stuff on Twitter. I'm usually on there every day for two or three posts or reposts. That's at @silverguru22. That's my handle on Twitter. The blog tab is for free. Almost all interviews I do for the public are on there. And I've also got a YouTube channel, a LinkedIn account. Facebook I really don't do anything with. And what else? I guess Twitter I already said. I try to do a lot in the educational realm, try to bring people up to speed as far as the reality that we face, and why you are important, why you are more powerful than you think you are, why your thinking does matter.

The idea that just one person helping another, it might not mean a lot in the aggregate, but it means everything to the person you've helped. And I'm a huge believer in a hand-up, but not a handout. I really think that if you can help somebody up or get back on their feet or whatever, is very important, but if you're just going to let them not progress, not move forward, then really, you're holding them back in a way. And unfortunately, in some cases, not all, there's too many handouts and not enough hand-ups. And that's my own personal viewpoint, but I can back it up, but don't want to go down another road for you.

But I really appreciate the time. And hopefully, something that either one of us has said has done something to help give people more hope, trust, belief, or conviction, that we really do have the power. We really do make a difference. And if we really knew how to vote better, and I don't mean vote with the national elections or the state elections or the county elections, I mean vote with your pocketbook. Quit buying their crap. Quit buying unhealthy food. Quit buying into a fad. Quit buying into crap that you don't need. Really, get more realistic with what's important and what isn't. And we voted with our dollars that way. Believe me, that's the one thing corporate America really understands.

Michael: Absolutely. Well, I really do appreciate your time and we'll let you go. I'd love to talk to you again sometime. And I really appreciate your insight. And hope you have a great afternoon, and we'll talk again soon.

David Morgan: Great. Well, thank you, Michael. Appreciate it.

Well, I hope you enjoyed that interview. That will do it for this week. Be sure to check back next Friday for our next Weekly Market Wrap Podcast. And if you enjoyed Mike's interview there, be sure to check out the Money Metals Midweek Memo, hosted by Mike Maharrey. I strongly encourage you to check out Mike's podcast each week, just go to MoneyMetals.com or find that on whatever podcast platform you prefer.

Until then this has been Mike Gleason with Money Metals Exchange, thanks for listening and have a wonderful weekend everybody.

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