WEBVTT 00:00.500 --> 00:10.260 pay me pay me pay me my silver now pay me or go to jail pay me my 00:10.260 --> 00:19.440 silver.com it is Sunday October 20th as the world turns in our global 00:19.440 --> 00:25.560 financial system like my hat yes this is my gardening hat I like to pretend I'm 00:27.340 --> 00:33.140 got 20 beds ready pretty big size beds getting ready for some winter 00:33.740 --> 00:39.520 planting and finishing off from the summer I highly suggest you guys start 00:39.520 --> 00:44.800 figuring out where to get your food that's how bad things are getting although 00:44.800 --> 00:49.080 if you're a silver investor I posted for the private road members the power 00:49.080 --> 00:54.760 behind Silver's breakout go check that out it's discussing what's going on 00:54.760 --> 00:59.620 behind the scenes right now where we could go where we might go what they 00:59.620 --> 01:06.400 have the power to do still very important posts for you guys who want more than 01:06.400 --> 01:11.380 just what you can hear on the news or YouTube or anything like that go check 01:11.380 --> 01:15.120 it out at the private road at road druid.com I also posted Jenny Moonstone 01:15.120 --> 01:21.520 discussion election interruption secret silver agreements and the 01:21.520 --> 01:26.480 reanalysis of the silver remote viewing go check that out if you into silver 01:26.480 --> 01:31.780 obviously this is the place to be now let's get to some juicy stuff it is a 01:31.780 --> 01:37.040 Sunday announced last Friday it didn't really make the news except for local 01:37.040 --> 01:42.880 news first National Bank of Lindsay closes this is the first banking 01:42.880 --> 01:48.560 collapse closure we've seen in quite a while since you know we had a whole 01:48.560 --> 01:54.560 bunch go off the FDIC this is a trial balloon of how it will be dealt with 01:54.560 --> 02:00.340 and it's really interesting what the FDIC has said about this because it is 02:00.340 --> 02:06.960 exactly what they are going to do see here let's go down a Friday the first 02:06.960 --> 02:10.360 National Bank of Lindsay was closed by the Office of Comptroller of 02:10.360 --> 02:15.360 Currency the OCC with the Federal Deposit Insurance Corporation appointed 02:15.360 --> 02:21.380 as a receiver remember you as an individual have two hundred fifty thousand 02:21.380 --> 02:25.100 dollars of insurance on your money in any bank in a single bank if you have two 02:25.100 --> 02:30.280 different banks that's it's per bank and if you have beneficiaries it gets a 02:30.280 --> 02:33.960 little squirrely but you can get it to a couple million dollars if you have 02:33.960 --> 02:37.500 enough beneficiaries but you gotta do it right I've talked about this quite a 02:37.500 --> 02:41.200 bit but if you have over two hundred fifty thousand dollars in a single bank 02:41.200 --> 02:47.480 you are nuts you will lose badly very badly when all these banks start 02:47.480 --> 02:52.240 collapsing anyway Friday the first National Bank of Lindsay was closed the OCC 02:52.240 --> 02:56.480 acted after identifying false and deceptive bank records and other 02:56.480 --> 03:00.320 information suggesting fraud that revealed thepletion of the bank's 03:00.320 --> 03:04.380 capital this is every bank is like that by the way the OCC also found the 03:04.380 --> 03:09.020 bank was in an unsafe or unsound condition to transact business and 03:09.020 --> 03:12.840 the bank assets were less than its obligations to its creditors and others 03:13.720 --> 03:19.160 they've referred it to the Department of Justice to protect depositors now 03:19.160 --> 03:22.700 this is the stuff you gotta listen to to protect depositors the FDIC has entered 03:22.700 --> 03:27.140 into a purchase and assumption agreement with First Bank Trust Co based in 03:27.140 --> 03:31.440 Duncan Oklahoma which will assume the insured deposits of the failed 03:31.440 --> 03:35.840 banks so the bot the good stuff of the bank is going to the FDIC the sole 03:35.840 --> 03:40.380 office of the First National Bank of Lindsay will reopen as a branch of First 03:40.380 --> 03:48.440 Bank and Trust Co during its normal business hours on Monday I guess that's a 03:48.440 --> 03:53.140 new company they're invented I don't know all depositors of the closed bank 03:53.140 --> 03:57.400 will automatically become depositors of First Bank and Trust Co and their 03:57.400 --> 04:01.920 insured depositors will continue to be covered by the FDIC insurance okay 04:01.920 --> 04:05.660 customers are not required to change their banking relationship to maintain 04:05.660 --> 04:11.120 deposit insurance coverage the I don't think they should be saying that because 04:11.120 --> 04:14.420 if it's over 250 you're gonna have to change you try to change you're probably 04:14.420 --> 04:20.840 too late over the weekend customers will still have access to their insured 04:20.840 --> 04:25.620 deposits not their uninsured deposits via checks ATMs debit cards check with 04:25.620 --> 04:30.160 all that stuff for uninsured deposit and this is this is the trial balloon 04:30.160 --> 04:36.000 for uninsured deposits the FDIC has announced it will make 50% of those funds 04:36.000 --> 04:41.120 available to depositors starting on Monday October 21st 2024 with a 04:41.120 --> 04:46.820 possibility of increasing that amount of assets from the field but as the assets 04:46.820 --> 04:53.100 from the field bank or so so remember what happened with the Silicon Valley Bank 04:53.100 --> 04:57.480 and in those big banks that failed and Oprah was in all the superstars are 04:57.480 --> 05:02.260 in it they they literally the FDIC and the Fed declared that they're gonna cover 05:02.260 --> 05:07.940 all uninsured deposits so we got them this is absolutely a trial balloon 05:07.940 --> 05:14.400 because they know that if they ensure all uninsured depositors the FDIC would 05:14.400 --> 05:18.640 run out of money almost instantly I think they have 120 billion and they 05:18.640 --> 05:27.080 ensure maybe it was at 13 14 trillion not counting the derivatives it's some 05:27.080 --> 05:32.260 crazy number that they can never they only ensure you they have the assets to 05:32.260 --> 05:38.160 ensure about 2% of what they've committed to but this is a trial balloon so what 05:38.160 --> 05:41.860 they'll try to say Bank of America goes down or or JV Morgan they'll say okay 05:41.860 --> 05:46.080 all the FDIC people you're covered they don't have the money to do that for 05:46.080 --> 05:50.100 the big banks but they're gonna say it if you don't if you're over the 05:50.100 --> 05:56.640 amount we're gonna give you 50% this is this is their their reasoning but 05:56.640 --> 06:01.780 the problem is they already bailed out 100% of people like Oprah and in the big 06:01.780 --> 06:09.000 money people so now they're saying 50% it should be zero because it is everybody 06:09.000 --> 06:14.760 should know that the FDIC only has $250,000 of insurance on your 06:14.760 --> 06:19.680 deposits that every time you walk up to a bank teller or go to an ATM it says 06:19.680 --> 06:27.520 it right there how do they get to decide who gets bailed out and that's gonna be 06:27.520 --> 06:32.320 a massive problem imagine if JP Morgan Chase had money in Bank of America Bank 06:32.320 --> 06:37.120 America goes down JP Morgan Chase is all I I want all the FDIC insured deposit 06:37.120 --> 06:47.820 and the FDIC says no JP Morgan you only get $250,000 right it's getting 06:47.820 --> 06:52.680 really crazy out there so this is their plan their plan is say we're not gonna do 06:52.680 --> 06:56.220 all of it we'll give you 50% right now and then we'll sell off the assets and see 06:56.220 --> 07:00.860 how much we get and maybe you'll get some how that go for all the crypto people 07:00.860 --> 07:07.460 in the Mt. Gox ridiculous anyway that's the the plan so get ready for it I 07:07.460 --> 07:11.920 mean it's not a coincidence that's happening now as Silver's breaking out 07:11.920 --> 07:16.980 remember Silver's a bank killer on the road to Ruda Theory absolutely Silver's 07:16.980 --> 07:23.800 the the one asset that destroys the banking cabal no they don't say it in the 07:23.800 --> 07:27.700 road to Ruda comic books but they do say it in certain movies that I've looked 07:27.700 --> 07:34.800 at obviously we have the Wizard of Oz books that was all about it's all a 07:34.800 --> 07:39.700 monetary allegory and the latest Wizard of Oz movies if you if you look at 07:39.700 --> 07:46.640 them it is Silver from the wand then the Good Witches wand that kills the criminal 07:46.640 --> 07:52.660 wicked witch of the West East West North South I don't know his wicked wish of 07:52.660 --> 07:58.660 the West wicked wish of the East I don't know one of the wicked witches but 07:59.500 --> 08:03.480 yeah if you're on been on the road to Ruda long enough you know what I'm 08:03.480 --> 08:09.920 talking about alright so let's see how much this will cost the FDIC as of June 08:09.920 --> 08:15.340 30th 2024 the first National Bank of Lindsay reported total assets of 107.8 08:15.340 --> 08:20.220 million and total deposits of 97.5 million why is that a problem you ask 08:20.220 --> 08:25.480 because the total asset number is a lie about seven million seven point one 08:25.480 --> 08:30.180 million deposits exceeded insurance limit so they there's a number for you so 08:30.180 --> 08:41.100 seven point one million of the 108 million so that's that's seven percent six 08:41.100 --> 08:48.980 percent yeah it's about six percent you take that over like JPMorgan what are 08:48.980 --> 08:54.520 that three trillion in deposits and six percent of that yeah you see the 08:54.520 --> 09:04.480 problem but it is shocking to me that people hold more than $250,000 in in a 09:04.480 --> 09:09.040 bank well at Bix I have a business it doesn't matter you won't get that money 09:09.040 --> 09:13.020 back you better get 10 banks if you have a lot of money in the bank get 10 09:13.020 --> 09:18.380 banks or play the game with the beneficiaries if you have 10 beneficiaries 09:18.380 --> 09:24.380 that's $250,000 each so you have 2.5 million dollar insurance you can 09:24.380 --> 09:29.220 and if your bank hymns and haws about doing that say hey this is the law you can 09:29.220 --> 09:33.260 go in and get a whole bunch of beneficiaries and then get in writing of 09:33.260 --> 09:37.020 your beneficiaries because they'll take them away when you're not looking that's 09:37.020 --> 09:40.420 how this criminal banking system works and by the way you shouldn't have any 09:40.420 --> 09:45.340 money in the banks at this time anyway so physical silver physical silver in 09:45.340 --> 09:50.040 your own possession you know I've been screaming about it lately we're 09:50.040 --> 09:53.780 running out of time to get it it's gonna go to unobtain him that there's 09:53.780 --> 09:59.420 gonna be no silver available for probably six months or so as the price 09:59.420 --> 10:05.040 goes to no nobody knows where because the comics will be shut down which is the 10:05.040 --> 10:08.880 only place they whole world looks at for price which is crazy if there's 10:08.880 --> 10:16.620 futures and options exchange so we have let's see how much they're gonna cost 10:16.620 --> 10:21.620 the first Bank of Trust has agreed to assume the insured deposits at a 10:21.620 --> 10:27.140 premium of 6.67% and will purchase around 20 million of the first National 10:27.140 --> 10:33.280 Bank Lindsay's assets so of the what was it 97 million only 20 million are good 10:33.280 --> 10:39.880 that's crazy FDIC will remain there will retain the remaining assets for 10:39.880 --> 10:44.920 future disposition it'll be interesting we'll see what happens 10:44.920 --> 10:48.900 preliminary cost of the bank's failure to the FDIC is an estimated 43 10:48.900 --> 10:54.520 million dollars final cost may flexor 43 million on a hundred million dollar bank 10:54.520 --> 11:02.360 they're gonna lose 43 million dollars whoo that's ugly and remember the FDIC has 11:02.360 --> 11:09.480 I haven't looked at like 120 billion something like that I don't know not 11:09.480 --> 11:15.300 enough that's all I know so yeah I think this is a trial balloon to see how 11:15.300 --> 11:20.400 the world reacts they take a little small bank you know say there's 5000 banks 11:20.400 --> 11:24.540 that need to be shut down this is a an insignificant bank but they are said 11:24.540 --> 11:29.000 trying to set precedence by saying okay for smaller banks we are gonna give you 11:29.000 --> 11:34.960 if fully FDIC insurance plus 50% of your of your uninsured deposits and 11:34.960 --> 11:38.720 they're gonna try to play that out as the bigger banks collapse good luck 11:38.720 --> 11:43.420 with that and it's all bullshit interesting the world's a hundred 11:43.420 --> 11:50.140 trillion dollar fiscal time bomb keeps ticking even before the global finance 11:50.140 --> 11:53.740 chiefs fly to Washington over the next few days they've been urged in advance 11:53.740 --> 11:59.700 by the IMF to tighten their belts no country has ever paid off their debt so 11:59.700 --> 12:03.420 tighten their belts it's over nobody's get tighten their belt everybody's 12:03.420 --> 12:08.340 gonna print a kingdom come and just imagine how much how much US dollars 12:08.340 --> 12:13.760 are printed not and you're not told about it yes trillions of dollars behind the 12:13.760 --> 12:18.720 scenes that the US creates out of thin air and plays their games behind the 12:18.720 --> 12:23.960 scenes trillions that we don't even know about because they know it into the game 12:23.960 --> 12:29.880 you you pull the plug so IMS fiscal monitor on Wednesday will feature a 12:29.880 --> 12:35.680 warning that public debt levels public and private debt public debt levels 12:35.680 --> 12:40.780 are set to reach on 100 trillion this year driven by China and the US the 12:40.780 --> 12:45.360 strongest nations in the world right managing director Christine in line Joe 12:45.360 --> 12:49.500 vina in a speech on Thursday stressed how that mountain of barring is weighing 12:49.500 --> 12:53.620 on the world our forecast point to an unforgiving combination of low growth 12:53.620 --> 12:58.740 and high debt a difficult future she said governments must work to reduce 12:58.740 --> 13:04.300 debt and rebuild buffers for the next shock which will surely come and may 13:04.300 --> 13:11.740 be sooner than we expect what does it tell you IMS ready to take on all the 13:11.740 --> 13:16.680 debts because they get to know get at we're not gonna be turned to the IM the 13:16.680 --> 13:24.720 IMF after this bullshit this is the end game there will be no new system there's 13:24.720 --> 13:29.860 no Jerry rigging the old system to make a new system the United States has 13:29.860 --> 13:36.320 something on the books about gold and silver being money can do that clearly the 13:36.320 --> 13:40.660 US Mint is doing something with their time they're not making silver eagles for 13:40.660 --> 13:44.620 the public what are they doing with their time you might ask I think they're 13:44.620 --> 13:47.620 stockpiling just what it says on the back of the silver eagle the newly 13:47.620 --> 13:56.780 designed silver eagle has a and this is the head of the Mint and I forgot his 13:56.780 --> 14:03.820 name not venture Gibson the current head the Alex had the US Mint oh man you 14:03.820 --> 14:12.780 have David Rider David Rider David Rider said when he he did the redesign 14:12.780 --> 14:20.180 and I talked to the head of Silver Eagle sales David Rider said it is they're 14:20.180 --> 14:23.800 changing the back of the US Eagle which is unheard of nobody changes the back 14:23.800 --> 14:27.960 of their number one silver currency that's the key to it you got to keep it 14:27.960 --> 14:33.040 the same and but he's changing the back it shows an eagle adding to the nest an 14:33.040 --> 14:36.260 eagle adding he kept saying that an eagle adding to the nest meaning they're 14:36.260 --> 14:42.500 making silver eagles and they're stocking stockpiling them for a return to 14:42.500 --> 14:47.760 an old gold silver standard and if you don't believe me we'll find out who's 14:47.760 --> 14:51.900 right if you think it's gonna be XRP good luck with that you think it's 14:51.900 --> 14:59.660 gonna be you know the Nesra or Jesra or or the Iraqi denar good luck with that 14:59.660 --> 15:04.440 it's failed time and time and time and time again XRP is probably the most 15:04.440 --> 15:11.020 obvious con on the planet right now no they were never planning the they were 15:11.020 --> 15:15.200 never planning to use XRP to replace Swift Swift already announced hey 15:15.200 --> 15:21.140 we're gonna go to blockchain boom it's already replaced I it makes me so 15:21.140 --> 15:27.580 angry that so many of the XRP people have been spewing this crap and meanwhile 15:28.820 --> 15:34.200 XRP ripple is selling as much of it as they possibly can they've sold like 35 15:34.200 --> 15:43.360 40 billion dollars worth of junk hey you live in your learn right good luck 15:43.360 --> 15:48.700 out there to everybody this is gonna be a quick one I do want to remind you 15:48.700 --> 15:55.240 guys that all this sprang from the road to Ruda documents that came from the 15:55.240 --> 16:00.720 Federal Reserve Bank the Federal Reserve Bank of Boston released revised a revised 16:00.720 --> 16:04.880 comic book in 2007 that I was on the website at the time and it talked 16:04.880 --> 16:08.640 about going back to a gold standard comic books called wishes and rainbows 16:08.640 --> 16:13.280 and came with this teacher's guide the road to Ruda and when you read through 16:13.280 --> 16:19.500 this is about I think was 60 or 80 unanswered questions because nobody knows 16:19.500 --> 16:24.400 what are they gonna nationalize yes or no who knows look at all the questions 16:24.400 --> 16:33.660 that come up why is Pebble Thins traditional distribution structured 16:33.660 --> 16:37.440 abandoned in the case of the colored flowers the usual nature of a new 16:37.440 --> 16:41.080 resource along with overwhelming disproportion between spot supply and 16:41.080 --> 16:47.640 demand create a politically sensitive situation one of the best lines is this 16:47.640 --> 16:56.060 one where is it look at all these questions will the town scientists and 16:56.060 --> 17:00.560 engineers start investing their time and energy to develop substitutes making 17:00.560 --> 17:09.700 substitutes for silver and gold this is mainly about gold where's it where's 17:09.700 --> 17:22.400 that best line ever come on what important resources so many questions and 17:22.400 --> 17:25.160 they're all unanswered they're all about going back to a golden silver standard 17:25.160 --> 17:35.390 potentially this is it the fact that the well Pebble Thins is the United States 17:35.390 --> 17:38.790 of America the fact that the United States of America will never be the 17:38.790 --> 17:43.810 same following the introduction of gold and silver as money basically gold 17:43.810 --> 17:46.930 as money because we have a lot of gold appearance of the colored flowers seems 17:46.930 --> 17:50.550 clear on the basis of what we know about economics and the way societies 17:50.550 --> 17:55.070 tend to react to the scarcity of important resources is it possible to 17:55.070 --> 18:00.130 predict what changes are going to occur for one thing is it possible that 18:00.130 --> 18:04.950 Ruta's rationing system will have to be modified or cease to work Ruta's 18:04.950 --> 18:09.490 rationing system is how the United States will ration out gold and silver 18:09.490 --> 18:15.150 to the population Ruta aka Alan Greenspan had was working on this back in the 18:15.150 --> 18:20.490 early 70s this very thing we're about to go through and his idea was use the 18:20.490 --> 18:24.730 social security system because you have people who have worked their whole lives 18:24.730 --> 18:28.570 have the larger social security accounts than people are just starting out so 18:28.570 --> 18:33.210 give everybody a base amount of gold whatever it is whatever we have we don't 18:33.210 --> 18:37.230 know how much they have I think it's millions of tons not the 200,000 18:37.230 --> 18:42.430 tons that that Jeffrey Christian will tie but give everybody a base amount and 18:43.050 --> 18:49.230 then give people their social security payments in gold remember the old system 18:49.230 --> 18:54.150 was kaput gone no more US dollar and we're on to a gold and silver standard 18:55.330 --> 18:59.510 but yeah there's gonna be a lot of question around what will work and 19:00.150 --> 19:05.770 Greenspan's idea was let's use social security it's fair because it's given 19:05.770 --> 19:10.390 people for the most part now there are certain industries that don't have don't 19:10.390 --> 19:14.930 pay into social security that's why there's the base but also like the I think 19:14.930 --> 19:19.750 it's the railroads have a different kind of social security but it all need to be 19:19.750 --> 19:23.910 worked out and then that's the problem and even Ruta says it and then this 19:23.910 --> 19:28.190 thing I've listed everyone from the oldest person in the United States to 19:28.190 --> 19:31.950 the youngest person in the United States and we're gonna distribute the 19:31.950 --> 19:38.990 gold according to how much they've paid into the systems so far and then even in 19:38.990 --> 19:43.850 this they said what if the people don't agree to it there's gonna be a lot of 19:43.850 --> 19:48.410 disagreement about everything especially about government how this could happen 19:48.410 --> 19:53.570 the Fed will be destroyed most likely back to the US government back to the 19:53.570 --> 19:59.830 Treasury the whole Treasury Department will be expunged of the criminals and 19:59.830 --> 20:05.310 we go back to taking care of ourselves clearly globalization will end trade 20:05.310 --> 20:10.550 with other nations will end and that's even in here when they talk about the 20:10.550 --> 20:17.630 clutter flowers and and when are we gonna start trading again we're some of 20:17.630 --> 20:25.110 that will the pub will public the United States start to export gold to the 20:25.110 --> 20:33.030 nearby communities such as Mexico and Canada that means trade has stopped but 20:33.030 --> 20:38.150 will will any country if they're using gold and silver as money let the money 20:38.150 --> 20:43.570 go out of their country is that might be the one of the problems that how we got 20:43.570 --> 20:47.990 in this place into this situation the first place we gave China our 20:47.990 --> 20:51.870 manufacturing capacity well we're not gonna be trading with China anymore 20:51.870 --> 20:58.270 for a while or anybody for that matter lots going on anyway that's what I got 20:58.270 --> 21:01.530 for you you want to learn more about this go to road to root.com click on 21:01.530 --> 21:06.530 subscribe today and get you can get access to all the behind-the-scenes info 21:07.470 --> 21:11.370 and for every subscription we're currently giving away 10 theta 100 theta 21:11.370 --> 21:15.330 fuel and a thousand teardrop loaded on paper while it sticking in your safe at 21:15.330 --> 21:19.410 home with your silver and don't think about it for the next couple years and 21:19.410 --> 21:23.090 all of a sudden oh my god this thing theta is like the worldwide web it's so 21:23.090 --> 21:27.750 big it's downloaded on every Android device on the planet because it's a 21:27.750 --> 21:34.890 software download that they can do it like that and save the system anyway go 21:34.890 --> 21:37.830 check it out wrote to root.com is a big swear I'll talk to you later