No Governing Body Has Our Self Interests at Mind | Jay Martin & Lynette Zang

i am so excited to have jay martin on today he is the ceo of cambridge house and has hosted some of the largest investment conferences in north america this gives him a unique opportunity to talk to some of the most important thought leaders from all over the world and i love that he has people on whether he agrees with them or disagrees with them but to have that discourse he's the host of the j martin show a top-rated podcast youtube channel and a weekly newsletter that discusses investment trends and psychology with 250 000 plus highly engaged listeners viewers and readers today we got to talk about civil discourse and personal sovereignty precious metals and the importance of community i know you're going to enjoy this interview so without further ado here it is [Music] jay it's been great i haven't seen you since february and had a great time on your show and i'd like to really thank you for coming here today yeah it's my absolute pleasure lynette i'm looking forward to chatting with you well you know you're very accomplished and i'd like to start by asking what motivates you to have built the business that you've built and to do what you do oh cool um well a few things i mean i got three core reasons at home they are one three and five years old so that definitely helps right yeah and um i'm really fortunate like i i really love what i do you know i every week i author my letter and it's the highlight of my week i get to i treat my newsletter like in my backyard i talk about whatever i want to talk about you know i don't have any rules i don't owe anybody anything it's really just my creative space where i share thoughts on whatever current events or you know just honestly like social trends anything that's cash in my eye that i want to share some thoughts on and and all of my content kind of reflects that you know the podcast the youtube channel we've got a big event in vancouver next week and it's it's all based off like it's all very self-serving right the content i create answers the questions that i have i mean really at its core to be honest with you and and all of the seminars that you do you know really bring you and and your work on your youtube etc really brings you in contact with global thought leaders on all of these different topics so it's the best yeah it's absolutely the best so i wanted to ask you you did a recent tweet gold was under a thousand in 2008 when bear stearns collapsed as the crisis matured gold fell to 700. you said that you couldn't remember what happened next so i thought let's talk about that because i do remember that really really well yeah well yeah i i felt like teasing the market a little bit this morning i mean you know it's it's march may 10 today right the sky is falling everything is falling it's not bolted down it's getting sold right cash calls everywhere and um and you know my favorite asset classes are where i gravitate towards in general not just in times like this i think we're actually you know very similar i've learned a lot of of how i uh build my portfolio from yourself lynette and a lot of your peers right have you weighed precious metals for reasons like this yes you know we get so reactive in the market don't we especially in the twitter twitter sphere right yeah we look at like day over day price changes and even week over week and really lose sight of like what's the time horizon though okay sure we're down 10 today does it matter what's your time horizon and even even gold bugs with the you know most historically relevant asset class ever known to man still sweat the short-term price swings and it's like what are you doing here right what's the time horizon right so yeah i was a bit of a poke you know but uh i'm bullish obviously on the precious metal sector so i felt like sharing that well and and we should talk about that because a lot of times when people see gold drop and they go oh what they don't realize is that's a spot gold market and with all of the other markets dropping there are going to be margin calls because so much of those stocks were bought on debt and so when they fall below a threshold then people are forced to sell in order to meet those margin calls so yeah i i love the time horizon because anything can happen short term but longer term that's what you really have to look at so what do you see we had the conversation you know where i know what i think gold is going to in terms of fiat and ever so much higher than that but what do you think about that yeah well i love your price prediction i think if i'm correct it was uh it was 50 000 would be a fair evaluation for an ounce of gold right currently currently currently currently there it is yeah so you know where do i land on that i think that's uh my time horizon is long right i own physical gold in my intention so what's my time horizon well my end goal is to give it to my kids and i pass away so that gives you some perspective on my time horizon right when it comes to the physical goal that i am acquiring and hopefully will acquire for the rest of my life right it's um it's a marathon for me it's not a sprint um and i will continue to accumulate right i buy more when the price drops that's good for me right and it's something that i hope to leave to my children one day that's the inheritance so you know it's funny though because i'm an investor i know what kind of investor i am right i don't get confused and think i'm a trader i don't think i'm a day trader doesn't get my swing trader but the majority of financial media headlines are written for and by traders and so they captivate even the investor audience and they think all these you know bipolar headlines matter when they don't right but it's really easy to fall victim and get so reactive you know i did an exercise a couple of months ago where i just compared the front page of like bloomberg and the wall street journal i think routers like day over day for like a 14 day period and every day you know it's a bull market or it's a bear market like it's just guys come on like let's just be realistic here right and i get it right media is there to get you excited and click on that headline they're gonna do their job but the investors in us you know i think we really serve ourselves if we're able to police those emotions like police them well and immunize yourself from those day-to-day you know hyperbole sensational driven headlines and just re-center like what's the core focus here right and um you know if you're playing the precious metals market like i am yeah i own physical and i own a ton of gold equities and if i love the management teams of the companies that i'm buying then that means that i trust them to weather the worst of storms and if i've made that decision correctly then events like we're experiencing this week don't make me lose sleep because i put my money behind who i believe are the top performing entrepreneurs in the precious metals business and i trust them to have the experience and expertise to surround themselves other great individuals to weather these kind of storms that come out on top and time and time again that's proven correct and you know that that is a really good strategy because what you've really done too between the physical and the intangible is you've created a truly diversified portfolio and you know wall street i mean we've been trained short-termism right i mean you can't you can't hold your attention for 15 seconds and so i think that we've really been taught to to focus on the short term because wall street makes more money if you keep trading you know 100 and especially when so many in the world were given money during the you know pandemic pandemic and so they were home and what did they do they traded and now those trades seem to be unraveling because they weren't value-based and they weren't long-term it was just all of this short-termism yeah and that's really systemic isn't it through our culture whether you're looking at the media platforms that captivate us you know it's swipe culture right it's like i want it now it's on-demand culture i also want to be rich today by the way you know what i mean and so how can i do that well i have to catch the right trade right right traders always get wiped out right it's it's like maybe point zero that outperform the market over time it's very very small and uh and you know their names right so that's why i tell people before you start allocating cash to the market the first step should be how much time do you have to invest in being an investor because you have a nine to five or you run a small business you got a family all this stuff like how much time you actually have to focus on your portfolio because if it's two hours a day don't try to day trade first of all my advice never try to day trade but if you want to like it's a full-time gig and you have to really apply yourself and be you know there's a lot so it's a lot to learn right i have about two hours a day that's it for my portfolio and then my day runs away right i run a small business i got you know 100 things going on the early morning though or that's my sacred market time and i can look at the decisions i've made you know feel good about where i'm at look for opportunities all this stuff you know cover some headlines but but after that i'm away and so as a consequence i'm in positions for you know six months at minimum five years is not unusual oh well for me they can be even way longer than that because there are foundational positions that you have in your portfolio and those like you said earlier you know you've got some physical gold that you intend to leave to your children that's a very long term time horizon and so appropriate because physical gold is one of the legs of dynastic wealth that's wealth that lasts in families at least 300 years yeah so it enables you to weather all of these things that we're going in and it kind of takes you or takes us to a really key for you which is that i'd like you to really address is your personal sovereignty sure i mean you know that's the the core purpose behind all the content i create when that it it is what drives my portfolio and honestly what we call you know our our epic family blueprint that my wife and i have created for you know our kids and our parenting mission right and i guess it's it's an understanding that nobody has your back and that's a good thing because it puts you in the driver's seat as long as you're willing to put the work in right but you have to take care of yourself and this expands beyond wealth by the way we can talk about my portfolio i included my refrigerator in my pantry right the food that's in there right we're not trusting what the fda says and that's not to say they're crooks it's just it's managing it too yeah what are you talking about we could talk about it yeah it's it's an unrealistic expectation to think any governing body could have all of our best interests in mind when it comes to food water wealth health it doesn't matter right it's unrealistic so don't don't think that that's going to be the case it's the fool's game right you've got to take control you're you're alone here right that's great news because it puts you in the driver's seat so when it comes to wealth i mean that's why for me it starts with gold and silver because what that does for me lynette is like it gives me confidence right financial confidence the same as you know i train martial arts i'm not an aggressive person i never go i've never been the kind to go pick a fight but i like knowing that i'm good in a crisis if ever it should happen right i just like having that confidence i think clearer right it's that abundant mindset you know i'm more proactive i'm nicer to people right i'm more patient all this stuff if i just feel comfortable like i'm good there being an idiot doesn't matter i'm good i know i'm good right and i want to feel that way about my bank account and that starts with that historic store of value which is gold and silver it's that you know it's that fu money so to speak it's that that confidence that just sits there and it's like i know i'm good right chaos might happen out there idiots over there but i'm good i'm good and i know i'm good right and and from there you can make far better decisions right thinking long term not thinking reactive not responding to whatever happened today because you know like let everybody else get busy right it's not like that for me yeah exactly you don't have to worry about the gold in your portfolio it's never going to go to zero because it's got the broadest base of buyer and that's something that i try and explain to people and you don't hear heard enough in my opinion but when you're looking at fiat money and fiat money assets which are government based monies and government that debt based assets you know historically they always go to zero 100 of the time so you know i'm not insane well some might think i'm a little insane but generally speaking you know i'm not going to do the same thing and expect different results and that kind of seems to be a lot of what's going on yeah yeah it's it's any student of history i don't understand how you could be any student in history and not put some gold in a it's somewhere you know what i mean and um you know recently and maybe you can relate to this i have a lot of friends who don't understand why i would own physical gold what's the point right this is this is an archaic rock it served a purpose at one time but that time has passed right and it's like well what the hell what are you talking about right like this is uh it's i don't i don't understand how you can study study any market cycles any currency cycles the rise and fall of any empires right and and not want to have that steadfast and it's the insurance policy like i don't be honest with you lynette is gold gonna hit 50 000 in my lifetime it'd be lovely but i don't know and if it doesn't it honestly doesn't matter that's the way i approach it right because what i buy with the gold is that psychological benefit right it's that that confidence that sovereign mindset exactly that's worth every penny honestly it could go to a trillion dollars but when it goes to the 50 000 when it goes to a trillion it's because there's absolutely zero value in the currency in the barter but here's the beauty part about it you know originally in my strategy i love that you have a strategy and um that you bring your wife and your kids into that strategy i mean i think that's critical but you know i used to think that when we get to the other side of this and there's a component of gold in the new currency to generate confidence in the currency again because that's what always happens that i would convert a lot of my holdings into the new currency but as we're going to cbdc's central bank digital currencies i kind of feel differently about that what do you what's your opinion on cbdc's let's talk about that a little bit i i think i think we're likely to end up in a scenario where that's the unit of transaction and you'd be a fool to think it's a store of wealth but if you want to engage in you know day-to-day commerce at your you know go up for dinner whatever hit the grocery store you're going to use whatever currency that economy supports right whatever country you're in whatever that is you may have to exchange your wealth for that currency but i would be very very careful the same is i own cryptocurrency i don't i don't store wealth there right like i i've speculated in that market because like anybody i watch the market activity and decided i wanted a horse in that race you know what i mean but i'm not leaving wealth there not at all right and if i make money in the market i don't need it and i invest in early stage right so like i have sort of in a seam to let barbell approach super secure uh hard assets over here many gold in real estate and over here i like the early stage equities and that's the precious metals explorers developers and miners and if i'm generating profits on the early stage equities side i'm going to leave it there right i peel those profits out and contribute that to my war chest the hard assets right and so that's the foundation right in whatever currency our local economy is using on a transaction basis fine no worries right but uh i think as i understand it today that's how i would approach that because what is the cbdc probably going to be a surveillance tool that that also functions as a unit of exchange right so okay well that's fine right but would i maybe want to limit my exposure to that surveillance tool maybe yeah probably um you know what's the counterparty risk to that unit right and and who holds it right that's deeply concerning we just watched u.s and europe confiscate 600 billion dollars of usd reserves like did that not send a message to every central bank in the world that said your your money's not as safe as you thought it was that was unprecedented and is it unwarranted not going to comment on that it's a hot war right all bets are off but you know the new precedent says if the u.s decides you're a bad actor at their own discretion right that money is no good it's just you know what i mean and i don't think you and i are any different to be honest with you no well canada just did something similar to that not that long ago with the trucker strike you're absolutely right and that is like that is horrifying because it is you know they they could do some deep dives and maybe uncover some nefarious actors and all this stuff but what about the the 18 year old who's a bit rebellious like we all were who decided that's a cause i want to get behind and they sent 100 bucks you know as a donation their account got frozen and now they're they're on a list right and they were just growing up they were just caught up you know and it's and and they've been bundled and labeled and punished and it's horrifying right that's that's a very strong message that everybody should be paying attention to exactly so it's easy for to look at and go that's at the country level oh that couldn't happen but you know canada is such a close neighbor to america the u.s rather and you know and we just saw it on an individual level and it's kind of hard to get a lot of data have they say that those accounts have been unfrozen but i'm also hearing that a lot of it has not worked back through the system for um that the people have access to their and and just as importantly like we tend to look at those as static events right oh that's something that happened on that day it's always a precedent right it's always part of a trajectory so what direction is that trajectory moving because next time it's going to require less of an event right once precedent set same as as us and europe confiscating that 600 billion that was just like it's always as hard as the first time the first easier the second thought and qe right that was the first time that they started doing that that was the hardest time now it's it's become a normal monetary policy tool except it doesn't work yeah yeah we make the mistake of of asking like what just happened instead of what's gonna happen next right like what is this the stepping stone too because it's always a stepping stone to something right what is it a stepping stone to this first action that we're watching right now right what what doors do it does it open so what what do you think it's a stepping stone to i think more government intervention in our private lives i mean that's as a canadian like i i like i said that the scariest part about that to me was like you know it was wrong for a handful of reasons but i kept on thinking about my friends who have 16 and 17 year old kids who who got wrapped up in this and and uh donated some cash because they were like hell yeah i want to get behind right the the working right the blue collar worker of this country right which is something i think was amazing and it you know nothing by the way canada really makes headlines was it nothing that they did was actually illegal i don't know no yeah i don't know um but uh yeah it'll be it'll be interesting to watch how this folds how it plays out i mean i've never seen canada become so united simultaneously divided but like it was one of the most unifying events that i witnessed as a canadian in the last 30 plus years can you talk about that a little bit more deeply how did it unify unify everybody how did it help the knowledge base of people i mean did it wake people up and what what are you seeing yeah okay so i should preface that by saying it i think it unified a massive population who suddenly felt the pain right and and good rally behind this movement that was making headlines all over the world right that you know a core industry of canada's economy was taking the stand and this wasn't some financial elite this was you know the blue collar behind the scenes worker right simultaneously lynette like as you could imagine it also divided the country simultaneously because everything divides these days it's like as soon as an event happens we're supposed to pick a team right right this or that right but you know it was like this is going to sound silly but there were moments where i was walking down the street during that convoy when it was headed to ottawa and when it landed and the sentiment on the sidewalk was similar to the 2010 uh winter olympics that we hosted in in canada in vancouver right and i say that to me and like there were canadian flags everywhere when a flag would drive past the sidewalk the people on the sidewalk would cheer like there was community and enthusiasm at a level that was like reminiscent of when we hosted the olympics um and it's funny that it took an event like this but yeah numerous times i'll be walking down the street and just watch these eruptions of applause and support you know from people that didn't know each other from adam that were bonding together over something that they they felt a certain way about and uh it was neat to watch yeah i bet you that had to have scared the government though well i i would say it for sure did i mean it was you know a week later that all these mandates dropped in canada and the establishment claims there was no relationship okay it was just coincidence then like a week later yeah well jay how many coincidences does it take until you realize it's not a coincidence yeah i mean crisis after crisis after crisis to keep people off balance is it a coincidence right i'll let everybody out there decide yeah you know i know what i think i don't think there's that many coincidence but it goes back to your personal sovereignty doesn't it yeah i believe so it's it's a it's a it's a peaceful approach you know i i think to understand that it's just you like it's it it's very important like so when i talk about my my parenting blueprint for example that my wife and i put together right we talk about like what are the core values if we succeed as parents what are the values that our kids have that we've instilled upon them and you know creativity is number one it's an asset that'll thrive in any economy situation right confidence because without confidence you may never put that creativity into the world number three is resilience resilience as it means as it as we translated is the relationship between hard work and reward right how do you understand suffering with purpose right the importance of doing hard things and and so we landed on resilience for that and then you know my the fourth would be would be giving back right paying it forward if we've been fortunate enough to succeed in this life but you know all of that i think it i hope we hope it sets you up right to carve your own path without any reliance or independence because if you're running a surplus if you succeed financially then then you can give back to whoever you want to right if you're running a deficit and you're dependent you don't have a choice you know what i mean right and um yeah well those are great core values and i really admired you before but after hearing this i admire you so much more because it's not just for your children but it's also for all of us and i i i if you were here you would know this but creativity to me is the key as well because it's the it enables you to solve any problem there are no problems there are just opportunities to come up with another solution so that you keep going and we're facing something that is really massive because i don't know um how you feel about it so you can you know you can you don't always have to agree with me right sure but there's not one doubt in my mind and also it's out there all the time i've been talking about a reset since 2009 when christine lagarde had a bloomberg interview it's probably a half an hour interview and she probably used the word reset we have to reset this we have to reset that at least 27 times and they've subsequently taken it down but you know really i think it's critical for us to to be creative because we've got these problems that are not going to go away because there's an agenda to drive us into a big enough crisis so that they can push this next thing down our throats i remain in power right but that also takes us to i think another very important core value that you mentioned to and that's the community part and the paying it forward and i'd like you to expound on that because i know that you're part of a very or you support a very important cause and it's even bigger than that so i'm gonna let you talk about it though oh that's cool um you're referring to zero ceiling i am that's that's awesome thanks for bringing that up it's so yeah it's it's a super cool initiative actually local right in the town where i live i live 45 minutes north of vancouver in a little town called mission and um zero sailing their mission is to end youth homelessness the way they do this is by giving at-risk urban youth the opportunity to relocate to beautiful wilderness areas then they buy them with just positive influence in their life um you know i'm really fortunate lynette and that i get to connect with people like you i get to connect with all the keynote speakers at my conferences all the guests on my podcast you know a common thread that i pick up on all the successful individuals that i get the honor of speaking to is that they want to pay it forward right they recognize that they were mentored or they were counseled or advised or had a positive influence somewhere along the way and so once they quote unquote made it you know they want to give it back right they want to pay it down to the next generation and so i've been watching this and wondering you know what what kind of like pairing could i make right um between you know my network of successful individuals and you know a generation that maybe could use some council right specifically like an underserved population in urban centers and you know i was really lucky at 18 i left vancouver moved to a town of 42 people literally 42 and lots of wild animals very few human beings and and the natural habitat was just such a blessing to me because i was oh it is you know a lot of misspent energy when i was in youth you know and and um and made some poor choices and and getting the opportunity to relocate myself just randomly to uh you know a very you know um remote wild environment was just a huge blessing and and allowed me to like think outside the box most importantly right like i grew up with all these rules right in the city you know here's how life is here's what life should be here's here's morality here's ethics there's law all of this stuff right here's what relationships are all of this and then you know separating myself from that you realize all these rules are imaginary they were just created by somebody else just like me so why am i believing them to be gospel when they're not right it's just it's just foolishness and so anyways all that to say if i could find a way to to give that gift the gift of you know wild places with the gift of mentorship you know it just struck me as a good cause that i could do off the side of my desk and that's when i found zero ceiling he's doing half of that work already right they're taking they're taking kids out of urban centers pretty tough situations i mean all of us were pushed to a brink of some kind right during during the last two years oh yeah lots of stress unpredictability you know so and i'm in a pretty good spot and i felt myself pushed to the brink right so my brain's different but that 15 year old kid who's already homeless i mean their brink's a lot different than mine and so you can imagine some of the scenarios that unfolded over the last two years and so yeah to play a role in that org we donate all of our youtube ad revenue to that organization and help you know facilitate more housing and employment training most importantly um and and just you know a lot of counseling therapy there's a lot of trauma right so but it's a it's a rad organization yeah super super blessed to be part of that is it is it throughout canada is it in america is it anywhere else because that sounds like a phenomenal cause and i work with cfla which is it doesn't take them out of the home or put them in the country but again it's definitely high-risk youth and that's our future i mean our future is the youth so yeah yeah zero ceiling's super local you know i i i decided to sort of cut my teeth in the philanthropic world with this organization because when i approached them and i said you know i'd like to contribute in a little in in a certain way and what i want to exchange is utter transparency into your organization right i want to know exactly how you operate how the money spent you know who the employees are what happens to the kids post program right who gets in who doesn't get in all of this stuff because it's not my world you know and i don't i don't uh i don't specialize in non-profits at all um or social work for that matter and so right you know why zero stealing struck me is like wow you're just like a really small group of incredibly hard-working and passionate individuals doing some of the most important work on the planet and um and yeah if i can just play a role here and then get full transparency and understand what the main pain points are right and maybe bring some capitalism to the non-profit center i don't know but you know down the road we'll see what happens there well it seems to me like what you're really talking about here is community and i think that of the mantra you know my personal mantra food water energy security barter ability wealth preservation community and shelter community is probably uh or arguably i'd say the most important piece of it and that's what you do with actually i think um pretty much all of your work right all the you know all the symposiums that you put together and the people that you talk to isn't that building community absolutely yeah we we we build the tribe you know and it's lacking isn't it lynette like it's um it's funny right like you know i live in a great neighborhood good neighbors young kids my kids age great great bond all this stuff and i i do feel like we have a bit of a village concept which i love so much simultaneously if i was hit by a bus tomorrow is anybody going to step up and take care of my family probably not right probably not so i have to pay a third party right every month i send them some money is it just in case i get hit by a bus right like how how alien is that right that's where we're at and i get it right it's it's uh it's necessary but you know it speaks to the disconnect on a human-to-human basis right now that i i ship money off on a monthly basis to some third-party organization that i don't know anybody at right so that my family's taken care of if i get smoked out right and uh trust me that the bigger insurance policy is in a safe somewhere but but uh you're right yes but let's let's kind of expand that because um i mean do you agree or you could disagree that we are i mean that we are inside of a currency while social economic and financial reset into a whole different system you might not think so social economic and financial reset is that the question yeah so do you think what do you think about that i think that's where we're headed or what we're already participating in i think on a social level i'm seeing society break down in a lot of ways and this manifests in just a complete and utter allergic reaction to civil discourse and tolerant debate um civil divisions that are just irreparable and so on social level i would agree i think that things break before they they repair i mean you know and i i think we're watching that right now and it's a it's a pretty hard thing to watch um i think that anybody watching this has experienced some strain on relationships maybe that they have never experienced before in the last two years because everything became so polarizing right and you you're this team or that team and so you know is society breaking in a sense like yeah i'd say 100 but economic probably probably i i don't have as much clarity on that one i think that you know if you just look at the decoupling between the financial markets and the real economy you have to say yeah right this isn't working anymore right and people are getting poorer items are getting more expensive right like inflation's starting to really pinch right and we've been talking about it for a long time but it's happening now right and um you know what's the solution here because what do they say there's there's nine meals between uh civility and riots right or nine meals between civility and anarchy right that's the line yeah yeah and um you know i i'm that's not watching any meals no but you know like yeah 100 people that are hungry and hopeless make choices they would not otherwise make the rules change based on your circumstance and you can't fault anybody for it right we're going to take care of ourselves and our families right and and i guess getting back to all those rules they're all imaginary they're not working for you you're gonna make new ones you know and and um i guess i think of this decade shorter answer to your question balance of it the remainder of the 2020s are going to be like 2020s have been right more chaos more uncertainty right and uh more civil unrest and if we thought that the riots and protests in response to you know health mandates were big just wait right like the largest wheat exporters in the world aren't going to be exporting any wheat and they're not going to be planting there's no seeding season no harvest season the product's offline exactly that's food that's food that's right that's food yeah i mean we're just we're just getting into it i believe i don't enjoy saying that and i hope i'm wrong i just don't i don't see it any other way right we're removing the product from the world global market yeah and you know we've been taught i mean it used to be people used to have victory gardens and that's how they fed themselves and i think we all need to have victory gardens again and that goes back to communities so people can come together but the food is it's always to the single biggest issue as we go through these transitions but now essentially the food supply is being cut off for most people i mean this is why i started you know my urban farm was because i knew that food was the single biggest issue for people as we go through these transitions and i'll tell you what in in march and april of 2020 in the last couple of years i've been so thankful that i had planted all of these gardens and i'm not a gardener i don't pretend to be i am i am a gentleman farmer because i have other people that do the physical labor but i understood the importance of it and i i don't know how many people exactly that i can feed but i can feed a whole lot more than than just me or me and my family you know so yeah the the social fiber of the world is really shifting right now and has been well and we take a lot of things for granted right yeah don't we you know maybe it's unrealistic that in the pacific northwest i have ripe bananas 12 months of the year maybe that's not a realistic expectation and i think a lot of these systems are being reset right to your point yes exactly so what you're talking about is eating with the seasons right you grow it that's that's actually um i can't say that i do that 100 but i could do it 100 i would say that i probably do that about 85 to 90 percent and i really yeah well you know when is the time to do something it's before you need it it's called preparation yeah you know and the worst thing that happens if you get fully prepared food water energy security barterability wealth preservation community and shelter that's what you need no matter what's going on to have a reasonable standard of living as we go through this whole shift you know i mean i'll tell you the truth and i'd like to know your opinion of this but the world economic forum and everything that they're standing for and trying to push down our throats um yeah that's a little troubling to me right yeah you will own nothing and be happy what do you think about that yeah yeah i mean i i'm trying to understand that concept to be honest lynette the whole i guess idea of modern monetary theory right and what this means and what it means in terms of like ownership over money right which i think is kind of at the core of it as i'm beginning to understand this i find it very complex and just foreign philosophically different from how we think about transaction value and everything but you know that's that's kind of at the core of it right you're almost relinquishing your control and your ownership over money and units of exchange entirely and and you know and everything i mean if you buy your own house and you ultimately pay it off well in victorian times they always had the newel post from the stairway was hollow and the part on the top could come off and when the mortgage was paid off that a huge party and they buried that mortgage the paid off mortgage inside of that newell post and then they glued the top back on and so then that house could be passed down from generation to generation to generation and so you had no mortgage and i can tell you in the neighborhood because it's an old neighborhood that i live in for phoenix not for many other parts of the world but this neighborhood neighborhood was basically built in the 20s and 30s or mostly built there are people in this neighborhood that have inherited this property from from their grandparents their parents and now so there's three or more generations that have lived in that house okay if you're a perpetual renter who gets to choose what that rent is and i think what they're really taking us back to are feudal times where you just had one big landlord and that person owned everything and then everybody else worked for that person so i think we're coming full circle that's what i see and that i think is what it's about you will own nothing but somebody owns everything yeah yeah yeah and and the path between this and that is this i guess forward march to just a wider wealth gap wider spread poverty yes through inflation essentially right you get people in a vulnerable enough state you can do anything if your promise in return is will support you and provide for you right right and this is in your best interest this is the path towards stability right stability is a core human life what's that who's stability well yeah i think it's uh it's going to be the pr message right that is exactly the pr i mean what do you want to own something for oh it's a pain in the neck when you want to sell it and you have to keep it up and hey if you're renting you can move whenever you want look at all of this freedom don't own anything own the experience except somebody owns everything yeah which is like i mean it's just this massive push for me to double down on the sovereign mindset strategy because voila i just get back to like mental health right you i operate better i make better decisions i'm a kinder person if i have options right if i have options you know what i mean and how do you retain optionality right well a number of ways but you need some civil wealth off the grid right something you own right there yeah no counterparty risk and what that really means can you explain counterparty risk because i do get that question often enough um and i would like your explanation of what is counterparty risk well it's whoever's holding the other side of the trade that's how i would explain it right and so you know there's zero counterpart counterparty arrests within an ounce of gold because an ounce of gold sits in lynette's desk no one else has any claim to it you can put it in your pocket take it wherever you want right and it's your property right and um you know there aren't very many alternative assets that retain that i suppose you could the argument about real estate but i think through you couldn't i suppose just through basic taxation policy exactly and um you know what is true put a house yeah yeah yeah yeah it's um how do you explain lynette when somebody with zero expertise in the gold market and they don't understand right if you if you've never experienced anything but the last 15 20 years like there's it's hard to understand the utility of owning gold right and do you have a simple simple lesson or a simple experience or a simple event that you point people to to say you don't understand gold consider this right is there i you know i really i come back to this all the time because i heard hear so few people ever talk about it and it does go back to the utility of this asset because it's used in jewelry making it's used in the financial system it's used in in manufacturing it's used in electronics it's used in food it's used in every single area of the global economy you hold it you own it outright but it has the broadest base of functionality and the broadest base of demand tell me of anything that you know that can claim that yeah not nearly with as much diverse utility right to your point about just yeah storage transportation etc zero counterparty meaning there's no other party with their fingers on that asset there's no other party that can manipulate that asset tax that asset modify the price of that asset the value i should say of that asset yeah right and it goes back to what we were talking about earlier with what the us did in the war with russia and what canada did in the war with the truckers right i mean if everything you hold is counterparty risk so it's in the system i mean what do you do when the system says no yeah so i mean following that thread lynette like are you seeing a shift right now from capital and energy and attention on the paper gold market transition to the physical gold market and i feel like i am and maybe even starting with central banks right repatriate repatriation of of physical gold right countries all over europe right that that's been happening for a little while now the repatriation and look at let's just talk about russia for a minute because they had been divesting themselves from dollars and accumulating gold and the gold that they hold in their country that's theirs and they've been utilizing that to get around all the sanctions the gold that they held and the and the reserves that they held outside of the country gone yeah to your point right yeah so i mean it really is simple if you don't hold it you don't own it and a piece of paper that says you own xyz no no no no no what you have is you have a bunch of equity that can be used by whoever's holding it yeah for their benefit and they can even use that same equity over if it's done through the city of london so hypothecation and rehypothecation an unlimited number of times that same equity can be used so going into the collapse what do you end up with if that's where your wealth is yeah a bunch of pieces of paper yeah posters to your point earlier too i have hope because just like those people were cheering the truckers and the movement and coming together more in this high inflation or the obviously high inflation is opening up a lot of people's eyes the heavy-handedness of the global government so i don't think there's any place that's immune from that i mean australia has been horrendous to their public the ev they all have they've been usurping our freedoms you know my hope and what i think i mean what we have a shot at is enough people coming together and then saying no but you have to be independent you made such a good point what what this does what this does is it gives you choices yeah and that's not a novel concept is it that's a return to the norm right we're we we kid ourselves with our suits and ties and fancy cars we're still just wild animals who grew up a little bit it's true we're not nearly as sophisticated as we like to think we are you know and and it's always been like that and you know it's it's it shouldn't be a foreign concept to think that you have to take care of yourself right it is up to you right that's the norm that's that's that's human beings that's what life is right and also it's good news it's not bad news right not bad news it puts you in the driver's seat right you get to make the choices life shouldn't be easy right like it's it's a jungle out there we're just monkeys in here like try to make the best of it you know roll up your sleeves and get to work absolutely that's such a good point i mean we we are we're just we're doing the best that we can but i love it when you're independent and it's all what you choose to do then you're driving your own ship if somebody else is driving it they're going to take you in their direction that they want you to go in you need to be able to take yourself and your family and those people that you care about in the direction that you believe and i think there's a way there's an awakening occurring right and it's you know i'm seeing this the growth of channels like mine like why why have you know why have why has my audience grown the way it has over the last 18 months and a million of my peers the exact same thing right because yes people are starting to ask questions this doesn't make sense this doesn't make sense why is this happening right and there's this this thirst for knowledge about why the world functions the way it does and um you know pros and cons to that right it's an abundance of people seeking out informative headlines and you know the media is not always great at informing people it's great distracting them and misleading them right so that's their job it is their job right it is absolutely right and and so i think you just have to be wary of that right and like i make a point and this frustrates the heck out of my audience sometimes to be honest with you but i'll have on guests that i agree with and guess that i disagree with them right you know my newsletter like the core focus of it is to question everything and and i don't write it for anybody but myself you know i write every week i write the letter that i need to read you know what i mean like it's if i'm struggling with something if i'm trying to understand something i'll write the letter about that or if i'm if i'm feeling offended or triggered by something i'll write the letter about that because it helps me flush it out or process it and if it helps other people awesome but you know it's it's amazing how not taking a side can offend people these days and it's you know it's like if you're just trying to play the middle ground and understand things and hear both perspectives and and weigh the options and and try to remove blind spots it's it's defensive often to individuals who just want you to join a team and and and uh you know if there's an economic financial and social reset there's definitely a media reset occurring right now that's what i believe oh you think so i mean you know we're we're supposed to be have freedom of speech but um yeah there's not a lot of that that's happening and we've even been put in a position where we have to self i i can i don't know about you but for me unfortunately there are some things that i definitely do self-censor but yeah you know i mean if i want to stay on air and be of value then there are some things i just can't really talk about yeah absolutely absolutely yeah we have a pre-huddle on our youtube uh interviews certain buzzwords you just can't say exactly and uh that's horrible that that really is yeah we've covered a lot of ground i could keep going on and on but is there anything that you feel we need to discuss here that the viewers need to be paying attention to i know you have the event coming up so i'd really like you to talk about that as well certainly i can start with that thank you by the way and thanks for that it's all the links are below so for anybody that it's coming up really quickly though next week yeah tuesday and wednesday it's the vancouver resource investment conference and this is like everything i do it's it's built to answer the questions that i have on that and so i love it you know individuals joining me on stage are we got the former prime minister of canada the 22nd prime minister of canada stephen harper um the 63rd president of mexico felipe calderon both of whom the reason i wanted those two is they managed their countries through the 2008 financial crisis the last time the whole world was wondering what's the future of the us dollar right and so they were having those conversations with george bush at that time and you know love or hit our politicians they have unique perspectives on what's occurring and any leader of a g7 or g20 nation is going to have unique perspectives so you know squaring off with those two individuals is going to be a ton of fun um a handful of you know the the macro thought leaders that i really lean on and a handful that i do that i disagree with right both from the inflation and deflation camps right strong dollar weak dollar camps and you know my ambition with this event is to provide as much perspective as many strategies as possible so that our audience can leave with just an abundance of ideas and then take from that which works which works for them right because it's everyone's got a different risk tolerance investable capital time horizon there's no template copy and paste strategy it just doesn't exist so here as many perspectives as possible and uh and then 230 junior mining companies on the floor so if you're looking at that market as as i am you know it's a great place to meet the ceos before you let them have an adventure with your cash you should always meet the management teams behind those small companies and otherwise i'm at the j martin show youtube podcasts i publish everything there publish my weekly newsletter again it's the favorite thing that i do and i just share thoughts on whatever's catching my attention well i think we're really lucky that you're participating in this and i mean this is a big collectively i have a lot of respect and admiration for you jay i really do i really appreciate that lynette it's a two-way street super grateful for this opportunity thank you so much and thank you so much for being here and to all of the links are below so if you can get to vancouver on tuesday wednesday you should do it tuesday wednesday right yeah may 17th and 18th that's perfect and until next we meet please be safe out there bye-bye you

2022-05-14 22:38

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