X22 Report (Uncut) 03-27-2025

X22 Report (w/ Bob Kudla): Gold Revalued to Where Bitcoin is, Trump Sends Message to Fed

Bob, welcome back to the Spotlight. Oh, hey Dave, thanks for having me. Hey, thanks for being here.

Lots going on in the economy. I see Trump, he’s moving forward with his tariffs. We see Europe, Germany, they’re moving forward with their net zero agenda.

What do you think is going to happen? I saw Germany, they destroyed one of their coal-fired plants and it looks like they’re moving forward with moving towards net zero. So we’re moving away from that, they’re moving towards that. What do you think is going to happen? I don’t know when Germany is going to, and I feel like, you know, they’re Jim Jones, right? It’s like some sort of mass suicide here that they’re performing.

You know, their entire chemical industry is moving to the United States because of the difference in natural gas costs and feedstocks for their chemicals. I don’t know. I mean, their automotive industry, I mean, I saw BMW, I forget, 20,000, no, it was Volkswagen, 20,000 people being laid off.

BMW is laying off people. You know, it’s going to be like Germany is going to truly be like a Disneyland park. The only thing that’s left is tourism.

And you know, they’re even screwing around with the agriculture too. I don’t get it. I don’t get it.

You know, obviously China never bought into it and the rest of Asia never bought into it. And, you know, America finally came out of its mass psychosis with the Trump election. So I guess it’s going to have to get really bad and people are going to then make the switch.

Look, East Germany already went right. You probably saw the last election, pretty much controls other than Berlin. I think it’s going to probably take one more election for them to figure out that they’ve been screwed.

The only thing that I could say is a positive in all this is that you have China and the United States now, they’re going to be using coal, fossil fuel, nuclear energy, and you’re going to have Germany and the rest of the UK and the rest all going to solar wind. And I think the people of this planet are going to see a very big difference between that, what they’re doing and what we’re doing. And maybe that will wake them up.

Yeah. I just, you know, I’ve given up logic a long time ago with this. I mean, I don’t understand the people.

I mean, look, you and I voted our self-interest and he’s, and most of the people that voted left, not real hard left, but center left, you know, even the center right party, there’s mostly older people. I think they just pressed the button, you know, and I don’t think they really, I don’t think they really are thinking things through, but look, EU is, is, is disintegrating before our eyes anyway. You know, the Eastern block, the Warsaw block, you know, plus what I would call the the Orthodox, you know, Catholic block is probably are breaking away from that orbit from, from basically the Franco-German, you know, approach to things.

So it’s just, you know, good news for us, bad news for the, for them. That’s all I can say. And just in the last maybe couple of weeks, gold has gone over $3,000.

I don’t think if you go back in time, especially if you go back to like 2011, 2012, when gold was, I mean, it hit a high of 1900, but then it came down. I don’t think anyone would have ever thought that gold would be over $3,000. What do you think is going on? I think we’re starting to slowly see the repricing of gold to pay off the national debt.

That’s what I see. And we’re going to talk about that more. I can hold off, but… No, go ahead.

What do you mean by that? I’ll give you my thoughts. So in 1932, and I forget when in the 1950s, they repriced gold, Dave. And when they repriced gold, it’s kind of an accounting trick.

And they’re able to then add money into what’s called the TGA, the Treasury General Account. And that’s spendable. And so if Trump did it now, or if he does it soon, right now, if he did it, he could reprice what’s gold in Fort Knox.

He could reprice it to current levels. He could take $1 trillion. He could turn right around with that $1 trillion.

And he could use it for general purposes. He can use it to buy down expensive debt, or he can create a sovereign wealth fund with it. So what I think is happening now is gold has now started to reassert itself as the great arbiter of national debts.

And you see, China has been desperately trying to grow its gold reserves. The United States has their gold reserves. And look, gold at $120,000 an ounce pays off the national debt.

So that’s up from $87,000 just 10 years ago. So that’s how much gold needs to be priced at current amounts of gold under the direct control of the United States government. Now, we don’t know if they’re going to try to do another sweep, or they’re going to try to nationalize any mines, or any crazy things like that.

But I think you’re going to start seeing gold. We’ve been waiting for a parabolic move, and I think it’s coming. Look, if I was Trump, and I wanted to manipulate the deficit, okay, is that I would try to get gold up to $6,000 an ounce.

I would then reprice it. I would take that $2 trillion. I would make sure that we went into the next legislative session with zero debt, drive the price of treasuries down to the floor, reissue at the low rates that Janet Yellen did not do, and then keep pressing gold and keep redoing this TGA accounting trick, you know, as long as you can keep pushing gold higher.

That’s my view on it. And I also think if it does a hybrid, creates a sovereign wealth fund, they could turn around and buy Bitcoin with it, or high dividend paying stocks, you know, what you would call the basically the Dow 30 kind of stocks, and then you get a higher yield, and Bitcoin gets a yield because of everybody else’s deficits are increasing, is that then you use that to help pay off the debt too. So I think he understands, if Trump is anything, he knows how to leverage balance sheets.

And I think he’s, I think they spy this is happening. And that’s my view on it. And just so you think I just conjured this up in thin air.

It’s been starting to become a talk here. It’s a real thing. Roosevelt did it and took the money.

I think either Truman did it, Eisenhower did it and took the money. Okay. And so now Trump does it and he’d be smart to just pay down the debt with it if he can, or create a sovereign wealth fund with a higher yield than the cost of the debt today.

So you’re saying that gold is going to be very close to what Bitcoin is. I mean, unless Bitcoin goes much higher. I would say that you’re a fool for not owning a Bitcoin or relate it or gold, silver and relate it.

Okay. This is the old, remember the old $1 trillion platinum coin trick? Yeah. Well, this is how they do it.

Wouldn’t it be better? I’m just thinking about this right now. Wouldn’t it be better if they took the fiat currency, they bought as much Bitcoin as they possibly can, and then revalue the gold then to pay off the debt? Yeah. I think they might be doing it backwards.

I think they might be positioning to be buying gold here underneath the covers and then let gold pop and then revalue it. But yeah, same difference. The problem with Bitcoin, if we did that, Dave, is that there’s not enough of it floats yet and it could spike before they own enough of it.

That’s my only quibble with that approach. Gold, they’ve had years to add. And look, we don’t even know how much gold in Fort Knox.

There could be more as far as… People worry about not having any gold in Fort Knox. We don’t know if there’s twice as much in gold. We don’t know anything.

That’s why Trump was making that big, big yak on, I want to get the Fort Knox. I want to see what’s there. Because he’s going to go in and say, we have 10,000 ounces of, you know, 10 million ounces of gold.

We’re revaluing it. Boom, boom. I just paid off the deficit this year.

I wouldn’t be surprised. I wouldn’t be surprised if that’s why maybe they didn’t have an audit because maybe there’s, they’ve been, you know, the powers that be might’ve been storing a lot more, maybe all the gold they stole. Who knows? Yeah.

Well, look, there’s a bunch of gold just came back into the country. Yeah. You know, I mean a boatload and just come back into the country.

So I think there’s a big repatriation game going on here. I’d love it if that’s, if, you know, if that’s how they do it. Look, I think you may, I may have talked about this last month.

I think almost all that $32 trillion debt was defrauded from the American people. Oh, me too. Cause you can look over 30 years, trillion dollars a year, you know, look, look, look, look where it’s been going.

So I just think, you know, I think Trump has a number of sleeves, you know, things under his seat. He can go to China. Hey, all the social security and Medicare fraud and PPP fraud went to your country.

I want it back where I’m going to declare your bond null and void. You know, so there’s a lot of there’s a, there’s a lot opportunities here. So that’s my view on gold.

So just keep owning it. The bullion banks are done shorting it. And so now it’s just going to, I think it’s going to keep rising.

Look today, all the gold and silver miners are popping today. I think gold’s up today. I’m looking sideways at the top.

I apologize. Let me look at gold here real quick while we’re talking. Hey, gold’s up another 11 bucks, $33,026.

I think it just keeps going. I, I couldn’t even hazard a guess, but I think we can see a gold Bitcoin ratio get to one to one. Wow.

That’d be absolutely incredible. So, yeah, I mean, I’m not Michael Saylor. Don’t sell your house and buy it.

Just continue to allocate in these things that are more precious than fiat. That’s all I can say. Coin, do you think it’s going to a lot higher than where it is right now? Yeah.

Well, eventually I just saw some charts that there’s a consolidation period that we’re ending here that, that the blow-off move starts to occur. So there’s potential for, you know, we, we had 187 as the end of the ending move for this. So it held the breakout, which was what we wanted it to do.

That 67,000 breakout, it held it and, and started to move higher again. So there’s a good chance that we’ll get that parabolic move, but it’s going to require liquidity to start being generated by the central banks around the world to be able to lift it. Cause Bitcoin is tied almost one-to-one correlation to the world liquidity you know, the availability of liquidity.

So liquidity rises, the balance sheets around the world rises, Bitcoin rises. So that’s kind of what you watch for, but yeah, seasonally and structurally we should see a much higher move in Bitcoin. So if people wanted to understand, you know, what’s going on with gold and crypto and oil and other things, as we always say you have a trading system, you teach people how to trade.

You, they just watch you pretty much what you do and you make it very, very easy for them. Even if you know absolutely nothing, all you got to do is watch what you do. So this month, do you have any type of specials? Do you have anything going on? Yeah, we do, Dave.

And this is an important month too, because you need to, you need to take advantage of it by the end of this month. Cause we’re actually going to restructure our pricing. We’re going to be adding some value to the service, but we’re also going to raise the price.

So if you want to take advantage of, of what we have, definitely buy it. So you can lock in for the, before we put the price increases in. But yeah, so we offer, we have algorithms that we use.

We develop them, you know, as much for ourselves as for our clients. And so we give you access to those algorithms. They’re extremely effective.

And if you want to get an idea, you can look at a podcast we just did at Trade Genius. I just showed it yesterday. And, and number one, number two is that we have chat rooms.

Like we have a voice room, like you and I are talking and we have chat rooms where you can just type questions and talk to the community. And then I put it, I put it there, a trader to go out every day. And we have a track record that, that backs our, our success on that.

The good, the bad and the ugly. And we do pretty well. And we show that to you.

And one thing I just want to make really clear, we don’t trade penny stocks. We’re not out there YOLOing trades. This is like, this is like grind it singles and doubles every day.

And you do quite well. And then I actually shot you over my year to date performances to show you, even though the market went down pretty hard, we’re doing quite well. And that’s my personal portfolio.

Your results will vary depending on what you buy or don’t buy, and how closely you follow what we’re doing. So, but I thought I’d share that with you. It’s a good room.

You and I have been doing this together for eight years. And I have lots of clients that come from I think people are generally very pleased with what we do. So we charge for the service, Dave, is nothing that we get out of it.

Even with the price increases coming, it’s still relative as a good value. So thanks for letting me pitch it. No, no problem.

Great. I’ll put up the links all at the bottom of the video. And this way they can go right over to your trading system.

Right now, the Fed, which is very interesting, is they’re in, they’ve been in a holding pattern. I mean, they’ve been cutting the rates right before the election, which was kind of odd because they normally don’t do that. Now they’re in a holding pattern and Trump is calling for rate cuts and inflation has come down.

Egg prices have come down. Fuel prices have come down. People are feeling a little bit of relief.

So what is the Fed waiting for? Do you think they’ll cut? Do you think they’ll raise? Where do you think they’re going to go with this? Yeah, the excuse they’re using is that we don’t understand the impact of the tariffs on the inflation rate. That’s a red herring because inflation isn’t a price increase or decrease issue. It’s a money supply issue against the productivity of the economy.

So that’s a red herring. They’re just trying to hold off for as long as they possibly can before they lower interest rates. I think they’d like to see that PCE come down under two on a number of month basis.

So what Trump’s trying to do here, I mean, it’s a brilliant plan if he can pull it off, is if he could drive the cost structure out of the federal government, the need to constantly be creating new supply of bonds, the price of bonds will absolutely rise and the yield will fall because there’s going to be a supply shock. And I think that probably come in the back half of the year. We’re definitely going to go into recession.

You can’t avoid it. I don’t care who it is, whether it’s Biden and none of this stuff, or it’s Trump and all of this stuff. We’re slated for recession.

The economy is exhausted. And but what Trump’s doing is he’s trying to force a recession early so that he can put his plans in place and enforce the Fed to lower interest rates. The Fed is a political animal, Dave.

And if we’re in a recession and they’re not lowering interest rates, then you’re going to see a lot of people screaming at him. The only thing I will tell people is that it doesn’t matter to us whether or not the stock market goes up or down or interest rates go up and down. There is a correlated trade we can take regardless of the scenario.

So people that trade and trade with us, you know, we just follow the numbers and we just adjust accordingly. And we’re trying to like to stay above the fray of it all. You know, obviously, I want Trump to succeed.

You know, obviously, what’s got the sense this is saying is that we’re trying to we’re trying to read jigger and deep. We’re basically trying to defund the government and refund private sector. You can’t do that without, you know, basically going through detox.

Yeah. And so I think I think what the Fed is doing is holding off as long as possible. And then, you know, obviously, he’s going they’re going to power once Trump to succeed, because he also knows that it’ll be impossible for the Fed to absorb all that supply on their balance sheet.

And so he’ll be very accommodating. And look, they don’t have to worry about this stuff till next February, March. Anyway, people aren’t really paying attention.

So they’ll be more interested in my getting a better job and my streets safer. Remember, Trump’s a populist. So all the people care about is that, you know, they’re living their life better.

And if Wall Street suffers for it, that’s well, that’s Wall Street’s problem. I feel like we’ve been in a recession. And, you know, what’s interesting is a lot of people, when they when they take a poll, they feel like we’re in a we’ve been in a recession.

I mean, most of the numbers were manipulated under Biden. So the Fed was making decisions using manipulated numbers. And, you know, they lowered the rates when inflation they made it seem like inflation was going back to normal, which it wasn’t.

So I feel like we’ve been in a recession. I think he just wants to get us like through this period. And I think it feels like he’s pricing it into the market.

And he’s trying to stabilize everything as we move in to maybe even, I would say, a deeper recession. Yeah, look, I think what they’re trying to look, I said this before, even way before Trump 2.0 came in, and this is the only way for our country to survive, we basically have to create Fortress America, right. And you got to force all the velocity inside of our borders.

And that requires you to bring back manufacturing into the country. And so you lower the cost of bringing manufacturing back, and then work self contained, right. So what we need from the world, look, we’re only 18% import export on our GDP, they got to drive that thing down to five and 6%, Dave.

And I think that’s where to go with this. And then we won’t go into a depression, we can’t go into depression, it’d just be too much velocity to generate the income that’s required. And there’ll be job shortages, so wages will be strong.

So that’s that’s my view on it. But yeah, I agree with you, the growth is underneath pricing. And so ergo recession, but they won’t call it because they use the inflated numbers as their baseline.

So but yeah, you know, you know, the old saw, right, it’s a recession, when your friend loses a job is a depression when you lose yours, right. And so we’re finding more and more people without jobs. Yeah, that’s true.

But I mean, he’s bringing a lot of investment back into this country. I mean, yes, they still have to build manufacturing plants, they still have to do all this. So I mean, this all begins on April 2. And of course, the news and certain economists are saying, Oh, my God, you know, iPhones are going to be $4,000.

And you’re not going to be able to afford everything. But I feel with him drilling and oil prices coming down, I think 31 states right now are below $3 a gallon. And I think that’s I think for some reason, that’s going to counter what we might feel with tariffs.

Yeah, people don’t understand what’s called the the elasticity of price to demand to price, right. So you know, those who have taken economics in college, which I have, you have something like cigarettes, that’s why they could tax cigarettes like crazy, because somebody addicted to cigarettes has to buy it, right. But you know, but you know, taking your kid to Chuck E. Cheese, if they double the price of Chuck E. Cheese, well, you’re not going to Chuck E. Cheese quite regularly.

So they’re going to have to come off their pricing. So So really, you start looking at how much of our economy is nice to have services, right. And it’s probably it’s two thirds of one third.

So probably half our GDP is, is really what I call non essential services. So that that’s that part doesn’t get affected by by by the tariffs, and then companies are reluctant to lose market share. So they’ll pay the tariff, and they’ll take less profit.

Okay, to keep, you know, you do these things until you can’t cover your fixed costs, right, then you stop doing them. So, you know, basically, what Trump will do and what these companies do is Trump will get the money and these companies will defund themselves till they can’t tolerate it anymore. And then they’re going to move to the United States.

Yeah, I mean, we do see a lot of companies like Audi, for example, out in Germany, they’re looking to move to this country. There’s also a repack furniture manufacturer up in Canada, who’s saying they probably moved to North Carolina. So I do see that there are certain manufacturers in countries saying, you know, something, if this doesn’t work out, we’ll just go into the United States, and we’ll produce our products there.

And I definitely see all of that happening, because I don’t think they’ll be able to compete. And I think like, even with Canada, I mean, I think Canada depends on us. Yeah, yeah.

You saw the meme where the mouse is given the eagle, the middle finger is about to be eaten. Yeah, that’s, that’s every country in the United States. I always laugh and said, France is going to do a toleratory and dynamic, you know, countermeasures to our thing, go ahead and do it till you can’t import to us anymore.

Right? See how that works. Yeah. So, you know, and China is the same.

China is China is in a world of hurt, Dave, because they haven’t rejiggered their economy. They don’t let their people consume, right? Because, you know, communist countries can’t give that kind of freedom to the people, right? So, so people don’t have money to consume. And so, you know, Trump’s basically, basically creating ghost cities in China.

And these factories are trying to move to Vietnam to evade or Mexico to evade the terrorists, but that still raises their cost structures. And, and so China’s in big trouble. And, and, and so, and if you notice, we really haven’t hit Korea and, and, and Japan very hard at all, if at all, because we want to support those guys against China.

So it’s going to be really interesting to see. It’s not going to be anything what the people say. If the mainstream media is telling you it’s going to be bad, it’s, you know, it’s likely to be good.

Yeah. I think there’s going to be a small window where they’ll be able to play this up. And then once that’s over with, they’re going to go, crap.

I saw something on Reddit where someone shops at Costco and they said, I don’t understand they’re cutting prices. I thought prices are supposed to be going up with all these tariffs and everything Trump’s doing. It doesn’t make any sense.

So I think people are getting confused now because it’s not what the mainstream media is saying. No, because companies, companies are reacting to the private market and you want to hear something wild. You probably heard it.

Stop me if you did. So, so my, my philosophy, my philosophy, my view on this is that there’s probably 1 million people in this country that were extremely well off that are going to go into poverty. And those are the people that had been plugged in like, uh, like the matrix to the federal government’s, uh, uh, money machine.

People are making three, four, $500,000 a year. Now I’ve completely lost their ability to, uh, access that cash. And so Washington DC Delta airlines, United airlines, American airlines all revise their, their earnings reports down because the, uh, the flights in DC are down five, 0%.

Trump just basically took away the credit card. Homes in Washington DC are now exploding, you know, homes to buy, to sell, you know, and prices are collapsing. And so, and then unemployment, uh, insurance and jobless claims are skyrocketing.

So what’s going to happen here, it’s going to be really targeted to the areas that were sucking on the teeth, if you will. Most people that voted for Trump aren’t involved or affected in any way, shape or form. And so I think it’s going to be one of those things where the people that are affected are screaming bloody murder.

And you and I are sitting there saying, I just don’t see it. So welcome to our world. Yeah, yeah, yeah.

That’s what’s going to happen. And, uh, I mean, it’s this brilliant move, you know, I mean, do, do the MAGA people care that New York may go bankrupt? Absolutely not. You know what I’m saying? Or Illinois go bankrupt? Absolutely not.

You know? Um, and, and I think the rest of the country is going to benefit from it. In fact, it’s going to be, it’s going to be actually reinforced because all these jobs coming back aren’t going to be on the coasts, right? They’re not going to be in New York. They’re not going to be in Illinois.

They’re not going to be in California because it’s too difficult to set up those businesses. And then more and more people are going to get jobs and move into these red States. And I think it’s going to be one of those things where it’s virtuous.

The only caveat I have is they got to move fast. And it’s very interesting that Trump picked April 2nd as liberation day, because on that day, it was the coinage act of April 2nd, 1792. Ah, interesting.

Now, see, I didn’t know that. So usually I’m well prepared and, um, that’s interesting. So it might be a shot across the bow to the, uh, I think so.

Yeah. I mean, I, I think he’s sending a message saying, you know, back then we were using gold silver to create the coins. And this is when we, when we had economic independence from Britain, because before that we were using all different other currencies.

And then when the coinage act came into existence, I mean, it took a year for us to actually produce the coinage. We separated from them and we finally had economic independence. Yeah.

You know, maybe Trump’s going to, maybe Trump’s going to print 32, uh, uh, platinum points. That’d be pretty cool. So I think, I think he’s going to challenge all that.

How about taking that to the Supreme court? So who owns our currency, private banks or the United States government? I think if you look at your, your bills, it says federal reserve note, we just borrow it. And when we borrow something, there’s interest attached and that’s why we, we have what we have today. So I think let’s return it back to the federal reserve and let’s create our own currency.

No, that’d be awesome. Well, that’s interesting. I didn’t know that.

I learned something today. Yeah. Yeah.

So, um, I think with him doing it and he keeps repeating it, you know, April, April 2nd is liberate. Yes. I know his tariffs and, but it’s very interesting.

That was the coinage act. And I feel like, like you said, I think he is taking a shot at the federal reserve by saying this, that that’s my personal opinion. Yeah.

Look, I mean, all our, now I want to say all our troubles, but our troubles were magnified once that beast became worldwide. Yeah. I agree with that.

They say you can’t have war without a central bank. I agree with them. I agree with that too.

Hey Bob. Yeah. Oh, sorry.

No, no, no. I just said you have to directly tax the people and then they’re not going to be so happy about going to war. Bob, thank you very much for being on the X 22 report spotlight.

Once again, if people wanted to join your trading system, where should they go? Uh, trade like a genius.com or trade genius.co check out the specials. Uh, they’re running a, we usually keep them running the Saturday, but they’re run to the end of the month. So, uh, uh, but take advantage of it before we, uh, we, we changed the pricing structures and, uh, uh, and join the service.

And I think you’ll like what we do. We make it really easy for you to understand how to trade. How’s the best way of doing it? You know, sometimes trading so easy, it’s hard for people, but we do the best to help understand how to trade effectively and give you the tools to be effective.

So with that, Dave, thank you so much and have a great day. No, thank you, Bob. I’ll put all the links at the bottom of the video to make it easier for people to go right over to your system.

Once again, thank you very much for being on the spotlight. I really appreciate it. Thank you.