Hang tight while we fetch the video data and transcripts. This only takes a moment.
Connecting to YouTube player…
Fetching transcript data…
We’ll display the transcript, summary, and all view options as soon as everything loads.
Next steps
Loading transcript tools…
Every Time This Happens, the Economy Cracks… And It’s Happening Now | Minority Mindset | YouTubeToText
YouTube Transcript: Every Time This Happens, the Economy Cracks… And It’s Happening Now
Skip watching entire videos - get the full transcript, search for keywords, and copy with one click.
Share:
Video Transcript
Video Summary
Summary
Core Theme
Gold prices outperforming the stock market historically signals economic distress and presents opportunities for wealth accumulation, primarily for investors, due to the devaluation of currency and government fiscal policies.
Mind Map
Click to expand
Click to explore the full interactive mind map • Zoom, pan, and navigate
Every time gold prices outpace the stock
market, two things have happened. Number
one, something in the economic system
cracks. And number two, some people
become incredibly wealthy. And we're
seeing it happen right now. Take a look.
In the last 100 years, we've only seen
gold prices outpace the stock market on
five different occasions. Number one was
around the early 1930s, which is of
course when the Great Depression
happened. Number two was in the early
1970s. This was when we saw the great
stagflation, super high inflation, wages
that were falling and a deep recession
for the United States. Number three was
around the year 2000 when the dotcom
bubble burst and people were concerned
about the economy and the dollar. Number
four was around the 2008 time when the
entire great financial crisis happened
when the housing market crashed and
people were concerned about
hyperinflation because of all the
quantitative easing. So, gold prices
outpace the stock market. And then
number five started in 2020 during the
pandemic. And you might say, well,
dustpre, we already saw that crack. The
pandemic led to the economy shutting
down, so people were concerned then.
Well, here we are in 2025, and gold
prices are now outpacing the stock
market. Again, history doesn't exactly
repeat itself, but it does rhyme. And
what we've learned is that every time in
history, gold prices have outpaced the
stock market, has meant something bad
for the economy, and some people became
incredibly wealthy. So my goal in this
video is to go over what's actually
happening in the economy and how you can
find the investment opportunity for
yourself. Now to really understand what
might be coming, we have to take a look
at history. In the early 1900s, we ran
on the gold standard here in the United
States, which meant gold was money. But
that first started to change during this
time period because we ran into a big
financial crisis. People were running
out of money. Businesses were going
bankrupt. So people were concerned. And
what did they do? They started to pull
their money out of the banks. Bank after
bank across [music] the country is hit
by panic withdrawals. Depositors
swarming to snatch out what [music]
savings they have left before it's too
late. Banks by the hundreds, by the
thousands are forced to close. The whole
financial system quakes and totters.
>> And again, money was gold. So people
were pulling their gold out of the banks
and they were hoarding this gold in
their houses because they were concerned
about all the bank runs. Remember during
this great depression, there was no FDIC
insurance. So if people pulled their
money out of the banks, banks would run
out of money and they would collapse. So
people were scared. They were hoarding
their gold. And the United States
government needed money. They needed
money to pay bills. They needed money to
help stimulate the economy. And
remember, money was gold. So that was
when the president at the time, Franklin
D. Roosevelt, signed Executive Order 6102,
6102,
which made it illegal for you to own
more than $100 worth of gold. If you
owned more than $100 worth of gold, you
were required to sell that gold to the
United States government for $2067
an ounce. And if you did not sell that
gold to the government, you were going
to go to jail. And fun fact, as soon as
the United States government bought your
gold for $2067 an ounce, they
immediately then revalued your gold for
$35 an ounce. That way, the United
States government had more wealth to
help pay back the bills. After that
happened in 1933, our money went from
being gold to being money backed by
gold. It was a contract that said, "Hey,
this $100 bill that you have is a
promise that is backed by $100 worth of
gold." But then that changed in 1971.
The United States government now had a
lot of debts. We had a lot of foreign
countries that wanted to be paid by the
United States government because they
had lent us money and we didn't have
enough money to pay them back. And in
order for us to create more money, we
needed more wealth. And remember, our
money was backed by gold. So our
government couldn't just print more
money because we needed more gold to
justify printing more money. And that
was when in 1971, Richard Nixon
temporarily took the United States
dollar off of the gold standard. That
way, the United States government could
now print an infinite amount of more money.
money.
>> I have directed Secretary Connley to
suspend temporarily the convertability
of the dollar into gold or other reserve assets.
assets.
>> And that's what happened. We printed
more money. We then paid off all of our
debts and all the problems were solved.
Except not really because that then led
to the inflationary crisis that happened
because we printed so much money without
having more wealth which made the dollar
effectively less valuable causing the
prices of things to go up while wages
were not growing and the economy was
slowing down. And that also led to now
our dollars no longer being backed by
gold. Which is why today our money or
what we call money is not backed by gold
or any other precious metal. is backed
by a promise that our United States
dollar has value because it's backed by
the strongest economy in the world. It's
backed by the strongest government in
the world. And this is why people get so
concerned when gold prices outpace the
stock market. Because when gold prices
go up, it's not because the value of
gold is going up. It's because the value
of the dollar that's buying the gold is
going down. People are buying the gold
because they're concerned about
something. Compare that to something
like Amazon. When Amazon stock price is
going up, it's generally because they're
producing more value. It's generally
because they're trying to make more
profits because people are excited about
the future products that Amazon is going
to create. They're excited about the
growth that Amazon might have. That's
why Amazon stock would go up. Why would
gold prices go up? Because people are
scared. Now, to understand the concerns
that people might have, we have to take
a look at what's been happening with the
dollar, more specifically the creation
of the dollar, especially over the last
few years since this time. Now, one of
the simplest ways to understand this is
by taking a look at a national deficit.
And what that means is taking a look at
the United States government's spending
of dollars that they don't have. Because
remember, the United States government
has one form of income. It's tax dollars
from taxpayers, people like you and me.
But what we've been seeing happen,
especially over the last number of
years, is that the United States
government has been spending a lot of
money that they don't have. And when the
government spends money that they don't
have, they have to borrow that money.
Where do they borrow that money? They
can borrow the money from people like
you and me. They can borrow the money
from foreign countries like Japan and
the United Kingdom. Or they can borrow
that money from our central bank, the
Federal Reserve Bank. Now, although
they're called the Federal Reserve Bank,
they're actually not a bank because you
and I can't go there to deposit money.
They're actually not a reserve because
they're not sitting on any cash reserves
and they're actually not federal. It
says so on their website. But what the
Federal Reserve Bank can do is they can
print money and lend it to the United
States government. Now, remember, the
Federal Reserve Bank would be printing
money without having more wealth. And so
when you create more of this money out
of thin air, what happens to the value
of each individual dollar? Well, it goes
down because we're just creating more
money without creating more wealth. So
let's go over what a national deficit
has looked like from 2019 to 2025. And
I'll talk about now what this means for
you as an investor because well, it
becomes very important for you to
understand this from an investment
standpoint. And by the way, for those of
you that are investors or want to become
an investor, I have a free investing
master class where I walk you through
how you can get started as an investor
and find hidden investment opportunities
before everybody else. I'll show you the
exact framework that my firm and I use
to research investment opportunities
before they hit the headlines. And when
you register for this master class,
you're also going to get access to
market briefs, which is my newsletter
for investors, completely free as a
complimentary bonus. So, if you want to
get the investing master class and
marketplace all for free, all you have
to do is register and I have that link
for you down in the description below.
In 2019, our national deficit was $984
billion. In 2020, during the pandemic,
it shot up to 3.1 trillion. 2021, 2.8
trillion. 2022, 1.4 trillion because
things finally started to normalize. But
check this out. By 2023, it jumped back
up to 1.7 trillion. 2024, 1.8 trillion.
And in 2025, we don't have the final
numbers, but it's expected to be
something around $2 trillion. This is
where the key thing that I want you to
understand is that the value of the debt
is not what's important. It's the
ability to pay back the debt. And it's
the real value of the debt relative to
the value of your assets. Because if you
have a $100 worth of debt, is it a lot
or a little bit? If your net worth is
$2, that's a lot of debt. If your net
worth is a million dollars, now $100
worth of debt is not that much. And so
if the United States government has $38
trillion worth of debt, the reason why
it's such an issue right now is because
number one, our fastest growing expense
in the United States is interest
payments because we have so much debt.
And the second reason why it's so
important is because our national debt
is growing way faster than the national
wealth. And this is where investors are
getting concerned. And this is right now
the Trump administration is looking to
make some changes with gold, looking to
make some changes with crypto to help
alleviate some of these concerns for
investors and to alleviate some of these
concerns about the economy. Remember I
said a few minutes ago where in 1933 it
became illegal to own gold and FDR
ordered that you sell your gold to the
United States government for $20 and
some change. And after the United States
government seized that gold, they
revalued that gold at $35, which meant
the United States government bought gold
and then immediately became wealthier
because they changed the value of that
gold on their books. Well, that could
potentially happen again. It hasn't
happened yet, but in August 2025, the
Federal Reserve government published an
article on their website revealing the
idea of doing another gold revaluation.
What the article said is that they are
considering quote revaluing the
government's 261 a.5 million troy ounces
of gold which is currently valued at 42.22
42.22
per troy ounce. So if we do some quick
math if we have 261 million ounces of
gold you multiply that at $422 per
ounce. That means we have 11 billion
worth of gold on our balance sheet. And
this is what the Federal Reserve Bank is
saying. What if we just change the value
of our gold? In the article the Fed
proposed $3,300 per troy ounce. So now
we can do the same math equation. Let's
assume we have the same amount of gold,
which hasn't been verified. But if we
assume that we have the same amount of
gold, we change this to $3,300
per ounce. Now we don't have 11 billion
of gold on our balance sheet. Now all of
a sudden we have $860 billion worth of
gold on our balance sheet. We now
immediately became wealthier by doing
nothing except changing the value of our
assets. And hopefully the goal here is
if we do that, it makes the United
States look $800 billion wealthier,
which will hopefully ease some of the
concerns of investors about our national
debt. Now, of course, this does have a
risk, though, because if the value of
gold falls below this, now investors are
going to be even more concerned because
that means now we're underwater on our
assets. And we know that gold prices
don't always go straight up. Take a
look. Between 2008 and 2012, gold prices
skyrocketed when people were worried
about inflation and the economy
crashing. But then in 2012, when those
fears went away, the economy recovered,
gold prices crashed, and they didn't hit
new record highs until 2020, almost 10
years later, when the pandemic hit, and
those same concerns about the dollar
came back. Remember, gold as an
investment is not producing value the
way that a stock does. Nike is working
to produce shoes. McDonald's is
producing burgers and building real
estate. Amazon is selling products in
AWS. Gold is just sitting there looking
back at you. This is why gold is
considered a debasement trade. It's
because people generally buy gold when
they're concerned about the value of the
dollar dropping. They buy gold when
they're concerned about the economy.
They buy gold as an insurance. And when
that insurance, that hedge, that
protection is growing faster than the
value of other assets. That's where
people get concerned. We're also seeing
the Trump administration make some
changes in the cryptocurrency side of
the world to help make our national debt
not look as bad. In March 2025,
President Trump signed an executive
order which established a new strategic
Bitcoin reserve and a broader digital
asset stockpile. What this meant was not
that the United States government was
going to go out and start buying
Bitcoin. Instead, when the United States
government were to seize crypto assets,
instead of selling off this Bitcoin that
they used to do, they're just going to
keep owning that Bitcoin. Because now if
they have this bitcoin on their balance
sheet and bitcoin goes up in value well
now the United States government looks
more wealthy because they have more
assets on their balance sheet. Now the
reason why this matters is the
government says that over the years we
have seized something around 170,000
bitcoins which we have sold off but now
if we didn't sell it off we kept those
bitcoins it'd be worth a whole lot more
money because when bitcoin is worth
80,000 90,000 $100,000 it's worth a lot
more. And this is where the government
says, "We're going to start keeping that
Bitcoin because if Bitcoin continues to
go up in value, well, that's going to
make the government more valuable. And
if our assets are higher, our national
debt does not look as bad." But of
course, there's a concern because if we
keep that Bitcoin and Bitcoin drops in
value, well, if we value that Bitcoin on
our books at just say $100,000 a coin
and Bitcoin falls to $60,000 a coin,
well, now we look underwater on those
assets, especially if we've borrowed
against those assets. Now, what does
this mean specifically for you? Should
you buy gold? Should you buy crypto?
Well, maybe. Personal finance is
personal. And yes, there's a place for
gold in a portfolio. There's a place for
crypto in a portfolio. And you're going
to have a different ratio and percentage
than I do. But the real thing that I
want you to understand here is that the
trend is not changing. The United States
government is spending more money than
we generate from taxes. That has an
impact because anytime we create more
money, that makes one person rich. It's
not the workers. It is the investors
period. How do I know? Well, we can just
take a look at the last five years
because what we've seen is that
investments have grown way faster than
wages. We've seen the median household
income grow by less than 25%. It's
actually estimated to be around 22% over
the last 5 years while the stock market
has grown by around 90%. It's the same
trend that we've seen for the last five
decades. So if you want to become
wealthy in this economic system, you
cannot do it based off your salary
alone. Period. I'm not saying it's bad
to work a job. It's not bad to earn a
salary. But you got to convert a piece
of that salary into assets. What are
assets? Stocks, real estate. And by real
estate, I don't just mean the house that
you live in. I mean rental properties.
It could be crypto. It could be gold.
There are many places for you to invest
this money. But you have to own these
assets because as more money gets
created, inflation happens. And when
there's more inflation, consumption
becomes more expensive. That means you
go to Amazon, you spend more money to
buy things. You go to Kroger, you spend
more money to buy the guac. You go to
Walmart, you spend more money to buy
whatever you got to buy. And that means
more money doesn't just go into the
hands of the workers because workers get
a small percentage increase. The more
dollars go into the hands of the
investors, the owners. And this is why
it's so important for you to become an
investor. And it's going to become even
more important as we continue to spend
more money. And what we see is that this
trend of spending more money is not
going away. In fact, it is amplifying
which is why it becomes exponentially
more important for you to become an
investor. And I know it's difficult
during a time where yeah, it's already
tough to pay your bills. But you have to
if you want to build wealth in this
system. Again, if you want more
resources on how to become an investor,
I have my free investing master class
for you down in the description. But the
whole idea here is you have to own
assets that are going to benefit from
money being created. Period. Because if
you just hold on to your salary, you
just hold on to your savings, those
things are losing value. That $100 you
have in the savings account, the $50,000
you have in your bank account, it
doesn't have as much buying power next
year as it does last year. I just think
about what you could buy in 2019 versus
what you could buy today with $1,000.
It's a pretty big difference. That's
going to continue happening. It's
happened for decades. It's going to
continue happening into the future,
which is why you have to convert your
extra savings into investments. That way
you can protect your wealth but also
grow your wealth. In this economic
system, the way you become wealthy is by
becoming an investor. And unfortunately,
we were never taught this stuff, which
is why I've really made it my mission to
help spread this financial education.
So, if you got value out of this video,
the best thank you was a referral. So,
if you could please share this video
with a friend, family member, colleague,
or fellow investor. The Fed just
announced that they're going to end
quantitative tightening come December
1st. In plain English, that means that
the Federal Reserve Bank wants to start
printing money and boosting markets
again as we go into 2026 as a way to
stimulate the economy. This economic
shift is going to affect everybody. It
Click on any text or timestamp to jump to that moment in the video
Share:
Most transcripts ready in under 5 seconds
One-Click Copy125+ LanguagesSearch ContentJump to Timestamps
Paste YouTube URL
Enter any YouTube video link to get the full transcript
Transcript Extraction Form
Most transcripts ready in under 5 seconds
Get Our Chrome Extension
Get transcripts instantly without leaving YouTube. Install our Chrome extension for one-click access to any video's transcript directly on the watch page.
