Mario Innecco #1329

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Ladies and gentlemen, the Mike is on and I welcome Mario and Echo.

Mario, I must admit, I'm missing your dog behind you.

I mean, I know the pillow is, you know, it's not bad to look at, but I like seeing the

dog lean up against the pillow.

Yeah, he's going out today.

Yeah, I'm missing already, but he'll be back soon.

You know, it's, I have to ask you because you, you know, you do your own show, which,

I mean, I'll put in the notes here when I publish this, but you do your own show every

day.

You know, what is your schedule been like, keeping up with everything?

Yeah, I definitely have been keeping up a lot more with what's going on geopolitically.

I usually just follow the markets and what's going on with stocks, bonds, and currencies

and precious metals.

But I've been watching a lot of YouTube, like people like the Durán, Judge Napolitano,

Danny Haifong, only because, you know, Scott Ritter, because they seem to be reporting,

you know, what's really going on vis-à-vis Iran, Israel, and the US.

I don't watch really the mainstream either, I don't have a TV, but I can, I can imagine,

you know, sometimes when I post stuff about this war and some of the replies I get, it's

almost like I got a reply yesterday because I reply to a comment and I, and then someone

said, oh, you're losing all your credibility, Mario, you know, just because I criticize

what Trump said, you know, and so, but yeah, I'm following a lot more what's going on geopolitically

because I think if you follow just the White House, what they're saying, what the, let's

say, Israel saying what the mainstream media in the UK is saying, you'd think that Iran

would be almost gone and that the US and Israel are winning really easily and I don't think

they are.

So, yeah, but everything changes really quickly, like you said, like yesterday I was falling.

I'm a lot more on next these days just following the feed and I saw also from my trading

system, I get a feed of news and I saw when Trump came out and said, you know, the war

is almost over or nearly over something to that effect and that's something that has been

out there, people are saying, even if it doesn't go well, he's going to like just say, oh,

Steve one, you know, but I'm not sure the Iranians are going to play ball.

I think they're in it for the long haul and they have nothing, nothing to lose really.

Yeah, they're fighting for survival.

I have Larry Johnson coming on later today, who's, you know, he's a regular on Judge

Napolitano.

And then tomorrow, if you don't follow him, Kavorko Masion, who hosts a show called

Seriana Analysis, and then I have Colonel Larry Wilkerson coming on on Friday.

And yeah, I've listened to those two, you know, and yeah, it's really good to listen

to them because they, they were part of the military, you know, and they're saying, you

know, it's really refreshing to listen to them, no one that they're retired.

Yeah, I, you know, I, and I've admitted this on here several times, but I'll, I'll

admit it again to you, Mario, because you haven't heard it.

But, you know, I didn't think that I did not, excuse me, I did not think that they would

go through with this, this military action.

In hindsight, I look at it, it makes sense that it happened, not, I mean, nothing makes

sense.

But, you know, in the order of everything, it makes sense going all the way back to

October 7th, then you had Lebanon and Hezbollah with the Pagers.

You had, I think, was a cutter, right?

The, the attempted assassination and cutter, or getting that wrong.

But whatever the bomb is really bombs and cutter, Syria, the collapse of Syria.

And now this.

So when I hear, when I heard the same thing you did yesterday, and, you know, that the

war is almost over, or how could they have started this with the intent to end it in

10 days, or 11 days, I think we're on 12 days now, but I, yeah, I can't see it.

Well, I, I think, I don't know the impression people got right in the beginning was that Trump,

Trump thought that's the impression, because I don't know if he said it, but the impression

was that he did decapitate the regime, you know, get literally decapitate, you know,

the Ayatollah, the late Ayatollah.

And then everything would collapse in Iran, and it didn't.

So I think it's dragging on longer than they thought.

But like you, you know, it's been many, many, many years that they keep saying they're

going to invade Iran, and they never do.

So now that they, that they've actually done it, yes, it's a bit surprising, but there

is that interview that General Wesley Clark did, I think it was on democracy now or something

like back in 2007, and he gave the playbook that they had after 9-11, that they would

invade the seven countries in five years, and Iran was one of them.

But it's taken a lot longer, but I think they're still determined to do it.

And, but I think Mike, what's happened is that there's been some unintended consequences,

and I spoke about that in today's video that I made earlier today, that the countries

in the Gulf, like Saudi Arabia, UAE, Qatar, Bahrain, and Kuwait, they've been let down,

so to speak, because they always thought that they would be protected by, by the US.

That was part of that petrodollar deal, right?

You buy your treasuries and will protect you militarily, and that hasn't happened, and

they weren't even told that the US was going to go ahead with Israel and bomb Iran.

And some people might say, well, why did they need to tell these people?

Well, because they're part of this deal, you know, the US has got a lot of forces there

trying, and the US should know at least that if you attack Iran like that, they're going

to fire back at all the US assets, military assets, and other assets in that region.

And yeah, I think that's backfired on the US, but as for how long this war is going to

last, I don't know.

Some people think it could last two to three years, but people like Martin Armstrong,

who looks at cycles, apparently that's what his Socrates system, I think, is called

as telling him.

Yeah, I had Martin on last week, and we were talking about that.

And yeah, actually, it was the first interview he did when this whole thing started.

So yeah, he envisioned minimum of the rest of the year.

And again, Mario, I don't, I just now that they've moved the, they crossed that barrier,

I have to believe that they do some type of war games on all this stuff.

And knowing that even taking out the Ayatollah was not going to decapitate the regime.

And the other thing too, with the Ayatollah being, you know, being killed, he was what,

86 years old?

How effective is somebody at 86 anymore running a whole country?

How much is it you're making, are they actually doing?

Yeah.

I know, and I mean, I know, I'm not bragging or anything, but, you know, I have my degree

at university was international relations with economics.

So I know a bit about what was going on in the world, even though I cover more economics.

And, but I never knew that the Ayatollah was actually the head of the whole Shia, Shia

church.

You know, not just for Iran, he's like a pope for other Shia Muslims.

And, yeah, and I don't think President Trump and the people advise him, realize that.

They just thought they're killing the head of Iran, but he's more than that.

And I think it's going to backfire.

And like you said, you know, it's the old saying, the king is dead, long-lived, the king,

that's the same thing.

And worse is that they got his son.

And I think when they bombed Tehran or Iran the first day and killed his dad, they also

killed his wife and his daughter, this guy who's now the Ayatollah.

And from what I hear is that the dead Ayatollah, he had a fatwa against having nuclear weapons.

So he was actually not that radical.

But now that the U.S. and Iran have really gone all out in bombing and they've admitted

they want, you know, to really decapitate and change the way Iran is run, I think I wouldn't

be surprised if the new regime in Iran, the new people in charge now, would want to

have a nuclear weapon because we heard from the foreign minister of Iran that the Iranians

had agreed to like not have any uranium.

I don't understand too much about weapons and nuclear weapons, but basically they had

agreed not to have the enriched uranium.

So basically they said, yeah, we're fine.

We won't have a nuclear weapon.

We have a nuclear program for energy.

But then, and that was during the negotiations, but then the U.S. and, well, Israel and,

you know, started bombing.

I remember on the 28th of February, it was when they started.

It was Israel who started first and then the U.S. had to go because the U.S. knew that

once the Israelis would start bombing Iran, Iran would start bombing all the U.S. assets

in the Middle East.

So they were like the Israelis forced the Americans to, you know, get involved as well.

And yeah, it's unfortunate because yeah, we've been hearing from like Netanyahu for

like a quarter of a century.

Oh, Iran could have a nuclear weapon next week, you know, as the old.

And I don't think they're really a threat, at least not to the United States.

They aren't a threat.

And you know, Trump was supposed to be America first, not other countries first.

Yeah, that was what I was going to ask you is, you know, you've been covering this and

following it longer than I have.

How long have you heard about this nuclear weapon Iran is imminent?

You know, they're so close to getting a nuclear weapon.

How long have you been hearing the story for?

Oh, yeah, I think, well, over like 20 years, you know, I think Netanyahu, I think he warned,

he's been, he's talked to Congress many times, you know, and warned about it.

Even in the UN, he went up to the UN in New York and he had a drawing of a bomb and on

the map of Iran.

That was, I don't know how long ago that was, is over 10 years ago, I think, it was right

after 9-11.

Well, and with that as well, you know, this is the other thing.

Now that that line has been crossed, these people hate each other, Mario.

I mean, that's never going to change.

And they've hated each other for thousands of years.

And how can, how can things go back to a way they were before this?

Yeah, I don't see it.

Well, and the other thing is the Shia Muslims, which Iran is mostly Shia and Asunis, they

hate each other as well.

But I actually think what the US and Israel have actually brought them together a bit.

And that's probably not good for the US or Israel.

But like you said, yeah, that part of the world, especially after 1948, has been, like,

I remember when I was a little kid in the 70s, you'd hear about this and I even remember

thinking, are these people always seem to be fighting each other?

Why can't they, like, have peace?

And here we are, like almost, well, 50 years later, and it's still the same.

Yeah, so it is worrying.

I think actually, yeah, it's weird to say this, but I think the adults in the room are

going to be the Russians and the Chinese.

They're the only ones who can kind of keep the peace in that region because I think the

Americans, unfortunately, have proven that they can't.

Well, and also with this, it's so weird because Sunday night, you saw the oil, the futures,

skyrocket.

And then I wake up in the morning, because the Arizona just moved back to Pacific time.

So the market's open really early here, and it was like $100 a barrel.

And then I didn't even look before we started today, but it was in the 80s at one point

this morning.

Yeah, yeah.

No, I mean, we haven't changed our clocks yet.

So, like, we're only four hours ahead of Eastern time.

So yeah, remember Sunday, crude WTI and Brent, they both got up to like 116 bucks.

And then they did come off during the day.

And then yesterday, just before the US markets closed, which is like 4 p.m., they closed

at 4 p.m., New York time at 3.30.

That's when Trump came out and said that the war is almost over with a very near something

like to that effect, and that really got the oil price down.

Right now, Brent is at 87.30, so it's still quite high.

And so, so is WTI at 83, but those comments by Trump definitely help oil come down and

the stock market go back up.

I think oil, you know, the technical long term picture looks very bullish for oil.

So I don't think we've seen the last of it in terms of upside for oil.

And yeah, I don't think.

And then after the markets closed, Trump came out and said, well, we're going to relent

until we beat Iran.

And I thought, well, which one is it?

You just said before the market was that we beaten them.

So it's almost finished.

So I don't know what to believe, really.

It's hard.

Well, right, and this is this is the other thing I keep finding myself when I'm having conversations

with people offline.

And they'll say, oh, this happened.

I'm like, well, how do you know?

I don't know.

I'm not there.

I'm not there to see any of this.

You could show me a burning building, and I even referenced, you know, you could show

me a burning building in my hometown of Northeast Ohio.

Unless I could see the street, a lot of the houses there, they look the same in that

whole region.

I would have no idea.

And it could have been from a year ago, and I wouldn't know.

So the information that we're in now with social media, it's like, it's, it's just,

it's unbelievable.

And I don't know.

I mean, I tried the best I can to decipher, but it's hard.

Yeah.

No, you see, there's a lot of AI stuff.

A lot of bots, it's hard to know what to believe on both sides, to be honest.

Not, you know, it's not, or on all three sides, because you have the Israelis, the Americans

and the Iranians.

So, but I think the longer it goes, this conflict, it means that the Iranians are doing better

than I think the US and Israel expected, because they expected to roll over them really quickly.

But from what I hear, from some of the guests that you've said you've had, like Larry Johnson,

Colonel Wilkerson, Scott Ritter, Iran is being preparing, preparing for this for 20 years.

And I think US intelligence and military know about this.

They can't, they can't not know that, you know, Iran has been preparing for this.

But what I think the reason why they still went ahead with this is because Israel is forcing

the issue, unfortunately, you know, and some people speculate is because of that file,

you know, that is hanging over everything.

Have you been following Professor Zhang at all out of Beijing?

Oh, yeah, that guy, yeah, sometimes I'd listen to him.

He's interesting.

Do you hear what he said about all this?

He did, he did, he did a few interviews over the last few days, but I watched his

one on dialogue works.

He just put up another on his own channel earlier today.

So it's so hard to keep up with all the content now, right?

But he was talking about that the United States entered this, I don't know if you saw this,

but they entered into the war with the intent of losing that, and that the ground troops,

it's inevitable, and this will lead to them getting kicked out of the Middle East.

And next will be Turkey, because Turkey is looked at as a viable threat.

And then he went as far as to say, I'd never heard this before.

What do you mean that?

What do you mean next will be Turkey?

After Iran falls, Turkey will be next.

Oh, well, yeah, that was what the former Prime Minister of Israel, is it not Fahli Bennett?

He said that, actually, you know, Turkey is next, but so why would, I guess it would

be a way for the US to get out of the Middle East without humiliating itself?

I guess not just getting out with no effort, I don't know, I went back and started a second

time, because there was so much in there, and a lot of it was over my head, what he was

saying.

But he was, and I'm giving you top level here, and I could say it to you after, shoot

you a DM on it if you want to watch it.

But, you know, he was, he was referencing, this is biblical, and that the next step would

be after Turkey, then Israel would be the lone superpower in the Middle East, but then

Russia would come in and form some type of alliance with Iran.

Gog and McGog.

Gog and McGog.

Is that what that is?

In the Battle of Armageddon, I think that's what he might have been.

And then, and they would then remove Israel, is that all part of it?

I think so, yes, that's a biblical, and I think the Russians would join up with the Chinese

as well, but, you know, what's happening in the Gulf countries is definitely a blow,

I think, to US influence there, I'm not saying the US is going to leave, but I think these

countries are going to turn more towards Russia and China for their defense.

I think even Russia, a few years ago, they signed a cooperation agreement with the Saudis.

And I don't think they have anything to lose either the Gulf countries because they have

been hit, you know, they are, their economies have been affected.

So if they and the Americans haven't helped, granted the Americans are helping probably

more Israel.

So they've realized that, but, yeah, Professor Zhang, I have followed some of his videos.

He does it like a lecture, doesn't it?

But I haven't seen this latest one.

Yeah, I'll send it to you.

It was like an hour and 25 minutes, and I think, yeah, there's another, another thing

is that the Israel, and even the Christian Zionists, what they see is the second coming

of the Messiah, and that he would need to live in the third temple.

And what's his name, Pete Hegseth believes in the third temple, he's into that stuff.

The only way to build the third temple is to take over the axiomoscis in it, destroy

it and build the third temple, something like that.

And yeah, it's crazy stuff, fanatical, religious people, you know, that's not never a good

combination.

Sounds like an Indiana Jones movie, Mario.

Yeah.

Well, and the last thing, one of the things sticks up when you said that, Professor Zhang

said was, he envisioned Mossad somehow infiltrating Iranians intelligence and launching

a missile to destroy, what is the rock in Israel with the, it's a, I can't blanket out

the name of it, but destroying that rock, destroying that rock will trigger such a collectivism

or out to do really, to really, you know, accelerate the war.

Yeah.

What's the, I don't know, I'm, yeah, foundation stone, I don't know what it is.

What is the famous rock in Jerusalem, the dome of the rock?

That's it.

Yeah, it's a, it's a Islamic shrine situated on the temple mount.

Yeah, so there you go, that, that's where they want to build the third temple.

And the thing is, yeah, the, the thing is weird, and I guess I'll get a lot of stick.

The Christian Zionist, you know, I think their, their story is that, yeah, the second

coming, you know, and Jesus is not supposed to, is he supposed to come back?

I don't think so.

What I've heard is that this Messiah will be the Antichrist, and he'll be, you know,

so why would Christians want to help that out?

But it's all very confusing, and, you know, these people really believe in this, and then,

and I think it's been a very long term plan, centuries.

Well, and also with that, you know, and, you know, you take all of this, like with what

it is, right?

But, you know, Professor Zhang, he's in Beijing, you know, so people have pushed back saying,

this guy came out of nowhere, like, like other people that we talked about offline, they've

just come out of nowhere, and they've got these huge audiences, they've got these big YouTube

channels.

Yeah.

And it makes you wonder.

Yeah, well, the people will say, well, he's CCP or whatever, you know, I can understand,

but he's good, though, he knows what he's talking about.

I've seen him on, like, some of the YouTube channels, like with Danny Haifeng and other

people that have Larry Wilkerson and others on.

So he seems to have credibility with these people.

But I guess you've probably never seen him on Fox News or Bloomberg TV.

What, what, what are your thoughts then on, you know, the, the straight of Hormuz?

And that, that's another one of those things you don't know what to do.

Oh, yeah.

I will say, though, you know, what a good channel to watch for that is in a good handle to

follow on X, the Salmer Cogliano, what's up with shipping is his YouTube channel.

I had, like, it's funny.

We laugh about it now because I had him on, I mean, before all this, it was really the

Houthis that blew up his channel, like just six big exploded it.

And now when you go look at it, I mean, he gets hundreds of thousands of views on his

videos.

Yeah.

And we laugh because, you know, when he started it, people, people said, who's going

to want to watch a show about shipping?

Who would, who would ever want to watch this?

Yeah.

Because the Houthis, they, they've kind of blocked the interest to the Red Sea, right?

Where you got to go through the Suez Canal, not just for oil.

And yeah, from what I've heard as well, like listening to the people who know more than

I do, you know, like the Jiren and others, the Houthis really, yeah, the U.S. was not

able to get rid of the Houthis and neutralize them.

So yesterday Trump said as well, I'm going to take over the, you know, the straight of

home moves.

And I thought to myself, how are you going to do that?

You couldn't even stop the Houthis.

How are you going to, you know, take, you know, control of the straight of home moves?

Why, why didn't you just do that in the first place, you know, take control of the straight

of home moves?

And you like neutralize a run like that.

I don't know.

I don't think it's going to be as easy.

I just think he's clutching it straws because things are not going as well as they thought

it would.

Well, then the idea of the ships are turning off their, what they're transmitters or transponders,

that way they're going through dark.

And then they're able to come through on the other side.

But then you're seeing stuff this morning where they're saying very few ships are coming

through.

So I don't.

Well, yeah, I'm not sure.

I haven't followed, like, followed the situation through the, the home moves, the straight

of home moves that closely.

But what I hear is, well, that's a lot of insurers want to ensure ships going through there.

You know, and that's, that's no good.

And President Trump said the U.S. government would ensure the ships.

But I'm not sure how well that's going.

But I saw as well in response to what Trump said about the straight.

The rain has came out and said, if you're in Europe or the Middle East and you want

to use the straight, we'll let you through as long as you kick out the U.S. and the Israeli

ambassador from, from your countries.

So I don't know, I mean, and I saw that Trump as well made a comment to the effect.

And I'm not, I think it's a true comment.

You never know that I saw that Scott Reader had to backtrack on a supposed comment from

Trump.

But Trump said, you know, you guys are scared.

You should go through, you know, what are you, what are you doing, you know?

But yeah, that's easier said than done.

But like you said, this is like a turning point, you know, the, the start of this war.

And it's going to change the whole landscape and the Middle East.

And I think oil is going to become more valuable.

And that's why I don't think the, the move in the price higher is finished.

I guess it was a little bit of a spike that we saw over the weekend, you know, to almost

120 and then it corrected.

It's almost like what silver did, right?

That the trend is still positive and I think the same goes for oil.

This is the question.

I'm glad you, I'm glad you brought up silver because the question I have in my head in regards

to that because the United States declared it a rare earth mineral, I believe.

And now with war accelerating, you're going to need more silver in order to, you know, make

these weapons.

So to me, logically, the price has to go up.

It can't stay where it's at.

Am I, is that my wrong by saying that, Mario?

No, and I also think a lot of countries now want to have silver as a reserve asset, not

just as an industrial mineral for munitions.

Yeah, and the world is definitely getting broken up in terms of, we're not globalization

is really bad, you know, the world is split up and it's going to be harder and harder

for, let's say, the US or China or anyone to get rare minerals from other countries.

So they, you know, they're trying to, yeah, it's a race for rare minerals and especially

silver, I think Tomahawk Missile uses 500 out, Troy ounces of silver.

So, so, you know, where do you see that, do you see a ceiling on work and go, I mean,

I can see it go a lot higher, I think as we talk here, we're, we're forming like a triangle

and silver and you look at the weekly long term chart and it's getting more and more

explosive, you know, when you look at the weekly long term chart going back a few years,

the break of 50 looks like nothing now and you know, so I think we, the ceiling is way

above here, you know, 200 is not an unrealistic level to talk about nor even above that.

So, but you need to, you need to like be patient and be tough mentally because a lot of,

you're going to get a lot of like volatility, I mean, we're talking here today and I think

we're near 90, but yesterday it got below 80. So, $11 swing in the space of 24 hours and,

you know, once you get to 200 or more, you're going to see swings of $30 a day, but you just have

to sit through it. Yeah, would you, would you recommend somebody buy it right now? I mean,

obviously depending on their portfolio and but if it was money that you, you know, if you

lost it, you'd be fine. Is it a reward to risk? I mean, I, I always try to buy a little bit of

silver here and there. So, and I don't time it and whenever I have spare fee at currency around

in the bank, I go and buy some coins or bars. I also have the some silver miners and hopefully

I will increase my holdings in April once the tax year starts to because here in the UK we have a

tax-free investment account and you get a limit of how much you can put every year and I've

gone through my limit this year. So, after April, I'll be able to go back in there and I will be

adding on to silver miners because I think they're undervalued versus the metal and the metal is

undervalued as well, especially versus gold. I think, you know, the gold silver ratio looks like

it's ready to turn south again, which is a good thing for both silver and precious metals in general.

Well, and gold is fascinating to me because when you look at it or when I look at it, you can't use it

for anything but yet it's held, you know, it has been used as store of value for, you know, how many

years and so now you're seeing it, well, I think it's what, over $5,100 an ounce as we as we sit here

today, which for those who are today's $5,250, $5,250, so it's March 10th at 9 am Pacific time.

So, do you put that in the same category as silver and like it is nowhere to go but up?

I mean, obviously, you're just going to be whipped lash, probably.

Yeah, and you said that, you know, it's true gold is not useful for much. I mean, I guess it's

used as jewelry and for religious like pieces and ornaments, teeth, teeth, mario, people put it.

Yeah, it's also used for some, you know, like the, the visors or the helmets for the astronauts,

you know, you got a film of a very thin gold, but it's one of the reasons why it has been

money and the store of wealth for thousands of years is because it's not used for anything,

you don't consume it. So, the stock to flow ratio, which means the amount of years of production

above ground is like 70 years or something. So, whenever you find gold or new discoveries,

it doesn't really impact the value of it because the stock to flow ratio is so, so big, you know,

so larger than any other commodity. So, you know, when people say we have to use oil or something

else that is consumed as money, it doesn't really work. And that's why gold has been money because it's,

it is a luxury item. People like it for some reason. It's in our DNA and yeah,

that's why it's money because it's not consumed. Silver, on the other hand, is

similar to gold, but it has more uses, so it is consumed. But it's still a good form of money,

not as good as gold, I would say. Well, and the government doesn't want those to fail. They want

those to go up in value. So, because of that, again, this is what my little knowledge,

rational thinking here is, the government wants gold to go up.

Now they do because they've got a debt problem and if gold goes up, it means that the debt becomes

worth less. You know, they'll keep telling people inflation or CPI is only at 2%. But the dollar is

like the dollar is losing value. The higher gold goes. That's what it's been telling us in the

last few years. And it's just like a canary in the coal mine saying, you know, your dollar is

going to buy less. And it is. Things are a lot more expensive now than they were when gold was

a thousand dollars. Well, it also leads me to believe, I've had a few Bitcoin people

on. But I feel like the same thing applies. If the government wants Bitcoin to fail, it will fail.

If they want to keep it going, then they will. Yeah, I don't think the government though has as

much control over gold as they might have over Bitcoin. Yeah. Well, I heard Catherine Austin

Fitz talking about how Bitcoin was a was a distraction so the banks could acquire more gold.

And people would be occupied by it. I'm talking to her at the end of the month so I can't

wait to ask about this. Have you heard that before? Yeah, I mean, and if you look at the Trump

administration and his son, Eric, they've been involved in crypto and Bitcoin and all the Bitcoin

people were really excited last year when he was inaugurated all the talk of Bitcoin. But if you

look at Bitcoin, it's come. It's almost halved in value since then while gold is is going, you know,

go doubled. So I think it could could be like a distraction because they actually, you know,

there's a lot of gold that's flowed into the US since late 2024. I spoke to Josh Fair of

Scottsdale Mint and he sees all the flows. And yes, Eric Trump is into crypto and Bitcoin, but

you look at Donald Trump, Jr. He's hedging by working with people like birch gold. So

yeah, it could very well be a decoy, you know, look over here like a head fake look over here while

while we buy all the gold, you know, get especially the young people and don't stick to Bitcoin. And

they still aren't to some extent. What about silver as well? You know, they've missed out on silver

Big Lee as Trump would say, I guess. Yeah, you know, and speaking to some young people, they love

Bitcoin. You know what they love Mario? They love Bitcoin and they love gambling. The two things,

I don't ever, I don't know, they've ever talked to a young person. They brought up gold or silver,

but Bitcoin and gambling. Yeah, I mean, I think the gambling part is a symptom of,

you know, the end of the Fiat currency system where it's much easier to, yeah, when the money

becomes worth less and less, people start gambling because it doesn't pay to do honest days work,

right? So unfortunately, that's what it is. Same thing happened in Germany in the 1920s with their

high inflation. There's a lot of gambling. It happens all the time. But yeah, I mean,

yeah, I'm going to have Catherine Austin fits on as well in April. That'll be good.

Is gambling is bad in the UK with all this stuff? Oh, yeah, they, the British,

sure, the England, well, the British are really into gambling. You know, it's even more widespread

than in the US. So they bet on everything here. Yeah. We got what do you rugby, boxing, soccer?

Yeah, but they bet on events as well. You know, and there's no taxation on gambling.

Maybe the Labor Party has put a tax on it, but I know horses is very popular. Football,

yeah, you know, like, for example, when the chancellor of the ex-checker, who's like the

treasury secretary equivalent, when he or she makes like the annual speech about the budget,

people will bet on how long it will be. You know, that's a little bet on everything.

I was I was talking to somebody about this and about the same conversation and they pointed

something out there. Like there was a reason at one point in the United States. You can only gamble

in Nevada. Yeah, that's what I know city. But now it's everywhere, isn't it? Because that's what

I used to think because here in the UK, you could gamble, well, can still gamble everywhere,

but in the States, it was limited to like Las Vegas or in Nevada. But now it's in Atlantic City.

Atlantic City was the other one. Yeah, yeah, New Jersey. But now it seems to be prof, you know,

it's really spreading and that's just a symptom, unfortunately. I mean, gambling is not bad as

long as you, you know, know how to control yourself. But if you give up your job and stuff,

just to gamble, I think that's not a good thing. Well, and also though, it's like every city,

I think, I mean, every major city in the United States has casinos because the Indian

reservations, what they use to do. But now, because of, you know, what we talked about with online

and the access, like I was sitting, I told the story, I had a melody right and edd out on yesterday

and I told the story over the weekend, I was at a restaurant waiting for some friends and sitting

at the bar. And this guy was next to me watching the NBA basketball. And I overheard him talking

about betting and he told share with me that he had prop bets on not a point. So certain player

would play half and you could do it on the half, you could do it on the quarter, you could do it

for the whole game rebounds, three points to all these things. And I thought to myself, I'm like

Vegas is done, done. You don't need to go there anymore for anything. Well, I've heard Las Vegas

is like going downhill, isn't it? I mean, I guess it's like, you know, the floor of an exchange

and doesn't exist anymore. It's all done on screen. Yeah. And it's amazing, you know, all the

different bets, you know, in the old days, you just bet on one thing. But now you have the same

thing here. It's almost like you're a derivative. You bet on how many goals or passes of a soccer

or football player's going to make. And then by half time, if you've done really well, you can cut,

you know, you can take, you know, you can take your profit. It's really crazy.

Well, and how deep does this thing go where, and I haven't checked it, but, you know, college,

you can gamble on college sports. But can you go as far into, like, track and field or cross

country or volleyball and some of these smaller sports? And, you know, I mean, it's just a recipe

for disaster that they, there's another barrier. They align that they've crossed and there's no

coming back from it. No. What's at the top of your mind right now, Mario? We spent 45 minutes

talking about, you know, different aspects. But like, when you get done here, what's the first thing

you have to look at? Well, I think just keep abreast of what's going on in the Middle East, you know,

and at the same time try to navigate through the fog, you know, the fog of war, because it's

really hard to know exactly what's going on. And I'm not saying this just because I'm trying to

slag off Trump or Netanyahu. I think all three sides, you've got to be really careful with what

they're saying. But yeah, just because I think, yeah, it's a big deal. But longer term, I'm not,

you know, these are just symptoms as well of what's going on in the world. It's the end of,

you know, the fiat currency regime that we've had since 1971. And when that happens,

you get all kinds of crazy things going on in the world. So longer term, I'm just trying to keep

batting down my hatches, you know, so to speak and stay focused on doing the right thing financially

and also personally and, you know, health wise spiritually. And that's what I think about

trying to have discipline every day and keep going. What role, I mean, you live in London, what role

will your country play in all this? Yeah, I mean, I think there's been a lot of criticism of

the government here by Trump, by of Kier Starmer, that he didn't, you know, didn't like go along

with this attack on Iran. But I think his government, you know, his back ventures, you know,

his Congress, so to speak, are very much against war, this war. But yeah, I think Britain is going

to play a smaller and smaller role in the world. You know, it has been that way since, you know,

the end of World War II. And yeah, we're becoming less and less significant. And is that bad or

good or bad? I don't know. I think it could be a good thing, maybe focus more on this country, not

like trying to boss everyone around the world. But like we said, I think the city of London,

which is kind of even, you know, has its own structure, you know, relative to the United Kingdom,

still has a lot of financial power, I think. So we'll have to see, I mean, what happens.

But yeah, it's just a gradual decline, you know, of the British empire. And that's going to

continue. I get screwed up when I hear city of London. We talk about the actual city of London,

or the city of London within the city of London. Well, actually, the city of London proper is

the square mile where the financial center is the greater London is called, it's like a technically

is not really London. You have all the boroughs like Chelsea, Westminster, Greenwich. And they are

part of greater London, but the original London is where, you know, it's the square mile.

That's what I mean by it. The city of London, the square mile has

with him the conqueror gave it like sovereignty when he came over in 1066, because he knew it was

important for trade. But yeah, so that's the city of London that I mean. It's yeah, that's the

original one. And it's like New York, you know, Manhattan, really, when you think of New York,

you think of Manhattan, where the Dutch settled. And then it spread out. So you call the whole thing

New York. Yeah, when I had Steve Hanky on with my friend, Dave column, we were talking about the

city of London. And you know, and we were talking offline a little bit about it, like who controls

the world. And so we asked, we asked Steve. And he said, you know, I was always under the impression,

it was in New York bankers that controlled everything. So yeah, well, I mean, I've got a book

about the House of Morgan, JP Morgan. And I read this like, like 30 years ago, yeah, maybe a

little less. And even before I came to London, and I learned that JP Morgan, the bank its origins

are in London. It was a guy from Baltimore in the 1830s or 40s. He came to London to do business

between the U.S. and London. His name was George Peabody. And he he didn't have any errors.

He was like a single. And he hired a junior smorgan who was JP Morgan's dad to come and work

for him in London as a partner. And it grew. And then eventually JP Morgan was in London. And then

they opened an office in New York. So the origins of JP Morgan action in London. So I'm not saying

London still controls everything. But I think it has some some financial power. I think there's

something like 50 trillion dollars at least of offshore money in British overseas territories,

or you know, pray places like the Cayman Islands in Bermuda. So that you know, the financial

aspect is still pretty strong for such a little place as London.

Yeah, I can't even imagine in the 1830s making the trip from Baltimore to London. I mean, how long

would that take? I don't know. I mean, by ship, yeah, two a month or so. I don't know. But yeah,

he he's a big figure in London, you know, George Peabody. And he left a lot of he left a

truss called the Peabody Truss. And it's still around and it helps people low income people

with housing. So he was quite quite a quite a big part of the city of London. And yet it says

here in 1837, he moved to London where he became the most noted American banker and helped to establish

the young country's international credit. Having no son of his own to whom he would pass the

business, Peabody took on junior Spencer Morgan as partner in 1854. And their joint business would

go on to become the global financial services services from JP Morgan and co after Peabody's 1864

retirement. So yeah. You know, the last thing I want to bring up to you is, you know, going,

shifting back to the Middle East, you know, who would who in the right mind would even fly

there right now? Like, and what will the future of a place like Dubai and, you know, Riyadh and

from a standpoint of tourism? I mean, it has to I wonder even just traveling international right now

if this is, you know, putting a huge dent in it. Yeah, I mean, I've never been to Dubai, but

a lot of people here in the UK, they go there a lot for Christmas, you know, it's a popular

destination. And there's also 250,000 British expats as they call it living there. And especially

in the last few years, they've got a lot of them have gone there because of the taxes.

I think there's no income tax there. The only thing is that they have is like a 9%

corporation tax. I think in the short term right now, yeah, there is a lot of question

about the the future of Dubai and places like that, but I think there will be around still.

Maybe we're jumping the gun. I'm not saying I want to go there, but they've really turned that

place into like a it's almost like a Las Vegas of the Middle East. I mean, probably even bigger.

It's a major financial hub. They've got a lot of golf courses as well, major sports, Riyadh. I'm

not too sure about Riyadh. It's not that much of a tourist destination, but they have been trying

to open up the Saudis. Yeah, and become a little more like Dubai. I think there's a lot of competition

between UAE and Dubai. It's a rivalry, but yeah, right now, it's not good, but I think eventually

they'll come back. Yeah, we'll have to see or maybe not, you know, if doctor is it Dr.

Jung, the shank, if he's right about, you know, the end of days and the bad old armageddon,

that could be all, you know, that could be all like academic.

Won't matter anyway then at that point, Mario, right? No, no, no, no, no, no, no, no, no, no, no,

matter where we're sitting, I've always said if there's going to be a nuclear, you know,

if it gets to that point of nuclear, well, he actually doesn't think that any type of nuclear

bomb will be used. I was watching this video this morning, but if it does, you know, my thought is

put it right where I'm at because I don't want to live through it. Yeah. Would you travel abroad

right now? Would you leave the country? Yeah, I'm not scared. I wouldn't go to Dubai.

I was in Ethiopia about a few weeks ago, so. Where could people find you, Mario?

On YouTube is at Monaco 64 and also on X at Monaco 64. It's hard to stay away from this right now,

right? I mean, I don't know if amazing is the appropriate word, but it's an amazing or

incredible time to be talking about this stuff, you know, with people like you and others,

because, you know, it's just, I can't believe the world we're in, and I don't see it stopping

anytime soon. Yeah. Yeah, I think we're like, you know, the fourth turning they taught, you know,

they call it. And we're like in the late 1930s, you know, and before everything kicked off,

that's the kind of environment I've never seen. I've never seen the world as turbulent as it is

now. Wait, one last question I want to ask you, you know, in relation to the EU.

Does the EU, are they able to hold together through all this in your view? Yeah, I mean,

there's two things. There's the European Union and then there's the euro and not all countries in

the European Union have the euro. Maybe the euro might not hold up, but I think the European Union,

yeah, I'm not sure, you know, people have been calling for the collapse of the European Union

and the euro for many years, but who knows? Yeah, maybe the trend is towards decentralization. So,

yeah, it could, it could be that it would collapse in terms, and that wouldn't really be a bad thing

because you just go back to the old, you know, nation states that are already there.

Mario, thanks again for for making yourself available. I look forward to continuing to follow

your channel and look forward to the dog being back for the next show. Okay, thank you.

Mike Chop. Mike Chop. Mike Chop.