Gold, Greenland, Trump, and America’s future | Bob Barney (Transcript)

CLICK HERE TO LISTEN TO THE PLAIN TRUTH TODAY MIDDAY BROADCAST: Gold, Greenland, Trump, and America’s future | Bob Barney

Gold, Greenland, Trump, and America’s future

Hi, Bob Barney with The Plain Truth today, brought to you by theplaintruth.com, and we’re going to be covering several topics today, but I guess if you’ve been following along with The Plain Truth for a long time now, you know what is going on with the price of gold. We have been predicting for some 18 years, honestly, gold is the one barrier you look for to find out what’s going on with the economy, with the world economy, with peace, with the prices of inflation. I go over the reason people buy gold as a hedge for inflation, but also it’s a hedge against potential wars.

And with Donald Trump almost trying to cause World War III with our allies or talking that way, it’s just not good for America, it’s not good for the world, and the price of gold is going to go up. Now, there is a person, we play quite a bit of his videos from time to time on these broadcasts on their own, but I’m going to incorporate it into this show by Ray Dalio, who is a big-time billionaire, and he lives in Connecticut, and he has accurately predicted and studied countries, their rise and their fall over the years. And he talks about in his books a scenario when you can tell that an empire is about ready to break.

And by the way, he believes America is about there. I believe the same thing, by the way, and the Bible predicts it. If you understand who we are in the Bible, and I go over and over in this, we are the Israel of the Bible, then you will understand that we are going to go into captivity before the return of Christ.

I don’t know when that’s going to happen. God doesn’t have breakfast and doesn’t talk to me like some of these other holy rollers out there. But I do know what the Bible says is going to come true, and what’s going to come true is there is going to be a powerful nation group that forms in Europe called the King of the North, where the Antichrist, the beast of the Bible, comes out of.

And I didn’t ever think this was going to be the case, but Donald Trump is helping this along, and it’s not to our benefit, because Europe is going to be the most powerful entity on the face of the earth, and only Jesus Christ himself coming to this earth is ever going to prevent them fromfollowing through their evil plans. But I wanted to get into this gold thing and Ray Dalio’s position about what’s happening in the world, and why things are happening, and just something that is not reported too often on these business shows. This was a CNBC show, and they only left them on for about, what, four or five minutes here.

But his message, and that of Peter Schiff, needs to get out more so people can understand what’s really going on in this country. …founder Ray Dalio, author of multiple books, the latest of which is How Countries Go Broke. We’ve been having this conversation here at Davos now for many, many years.

It’s great to have you here. I want to actually just launch into the same conversation we werehaving basically during commercial break, which is you’ve been talking for a long time about a breakdown in the world, a breakdown in societies. Joe had asked you, are we there yet? And you said, yeah, we’re here.

It’s happening. Let’s step back from the sensational and be clear about what I mean. The monetary order is breaking down.

What I mean by the monetary order is that fiat currencies and debt as a storehold of wealth is not being held by central banks in the same way, and that there was a change. The biggest market to move last year was the gold market, far better than the tech markets and so on. And the U.S. markets underperformed foreign markets because of the fact you could see it in the numbers of the central banks and so on.

So let’s just look at the fact that on the other side of trade, deficits and trade wars, there are capital and capital wars. And so as we’re looking at that and you reported what the stock market and so on, but you didn’t report that the gold market is also up three. We did say that earlier this morning.

It’s up to record levels again. If you look at what is happening and why it’s happening and who’s buying it. So let’s just take a moment on that capital war issue, OK? We know that both the holders of U.S. dollar denominated debt, which is money, and those who need it, the United States, are worried about each other, right? So if you have other countries who are holding it and they’re worried about each other and we’re producing a lot of it, that’s a big issue, right? So you have to explain what is going on with fiat currencies, generally speaking.

And now if you take the conflicts, you can’t ignore the possibility that capital wars, in other words, maybe there’s not the same inclination to buy U.S. debt and so on. We at least need to talk about those possibilities and find out who is buying and selling what that is behind these market movements. And what do you, who do you think is behind it? Well, it’s known.

It’s very clear. You’re seeing both the central banks. I can take you down to the specific central banks and what they’re doing, OK? They are, because they’re, what is money? What was money?We’re increasingly buying our own money.

That’s the lesson of all this. And the other countries, central banks and sovereign wealth funds and others are buying gold, are buying these assets as a diversifier. Think of it, gold is not a metal to speculate on.

It’s the second largest reserve currency. It has been the reserve currency, OK? So there’s a money and we’re talking about its common conversation about what is money. Is it Bitcoin? Is it digital? How does it work? Right.

So we need to talk about the value of money. But are there forces at play where this is just predestined to happen, given sort of the way you look at cycles? Or do you say there are things that the administration is doing or that others are doing that are creating this moment, whether it be tariffs? We just had Sergio Armadi from UBS on. He said, you know, you can do a lot of things,but at some point there is a tipping point.

You can’t do too many. And maybe we’re there. There is certain, there are circumstances that have happened repeatedly that are analogous in history that you can look to.

When you have a certain amount of debt, OK, and that means others are holding it as debt assets such as bonds, OK, and you have to sell a lot more. There’s a supply demand issue. OK.

Also, when they’re holding that, they have to believe in that in terms of the supply demand. And when you have conflicts, international geopolitical conflicts, even allies do not want to hold each other’s debt. They prefer to go to a hard currency.

This is logical and it’s factual and it’s repeated throughout history. So what would Ray Dalio do with this? So an interruption here when he talks about foreign countries buying our bonds, buying our debt because there is a guaranteed rate of return because the United States economy is the strongest economy in the world still to this day. But we are getting to a point where the world is getting so shaky and so much afraid of the United States and what the United States is doing, especially under this Donald Trump 2.0, that they are now saying, where should we put our money if we’re not going to put it in safe American bonds? And we saw just yesterday the Danish, I think it was trade unions, I forgot, but from Denmark because of what we’re doing to Denmark, they pulled a hundred, they sold off a hundred billion dollars worth of U.S. bonds that they owned.

And what did they do? They bought gold and gold is now doubling in value in a year’s time where our bonds to our allies who have been buying them and China only goes up, what, 2% a year. And so would you rather make 2% off of the United States bond and help with their debt or would you rather shove it up Donald Trump’s butt, sell those bonds and buy gold by the ton and see your assets go up by 20, 30, 40% a year? What would you do if you were spending your money right now? I have had, let me answer it this way. If you don’t have any views on markets and you say, what should be my strategic asset allocation mix? You would have a diversified portfolio of certain assets that would diversify each other.

And that, and then the question is, what would, um, gold play when you asked me what goal itwould represent between five and 15% of a normal portfolio, because it does very well when theother assets don’t do well, it’s an effective diversifier. So if you had no views of the markets, that’s what you would have. And central banks would have a higher percentage than they currently have.

Okay. So I would start with that view. Now, do I have, um, then you make tactical tilt tilts from them.

Okay. Now in my tactical tilts, I have been clear for quite a while that I would tilt away from bonds and bonds, and I would be tilting toward gold and have a greater than normal amount of that. I’m also believe that we’re in a, despite the runoff already, maybe you think it’s still got, you always keep, what is my amount that I’m going to keep? Okay.

So don’t pay so much attention. If I look at the runoff and I take the mag, what are the positions held by the entities that should hold what positions they’re still short of gold. Okay.

So, but still, I’m not saying that it’s what amount should I hold? Okay. Don’t be overly active. And I don’t think most people should be overly active, but do they hold the right amount to diversify? And the other part of the answer to the question is that I believe that they’re in a wonderful, we are in a wonderful technological revolution in which there’s going to be a new tech creating great disruptions and not so much from there are the hyperscalers and so on, but there’s the impact of those on companies that are going to use that.

And so on. So I want a part of portfolio to be in those cuts. So I’m kind of in a mixture of new tech and diversified with an element of gold.

That’s where my biases are. I’m not, forget my conclusion. Just know what neutral is.

What, you know, if you’re, if you are a China, a Japan, Europe. Okay. What do you do with your portfolio? What do you have? This is basic.

When you think of, you’ve been talking though, potentially. Well, that’s the end of the interview, but what he’s saying here, if I, what I just said before, if you have a choice between putting your money into us bonds, which you have in the past, and it gives you a guaranteed rate of return of one or 2%, but it’s safe. That’s always been what you have done, but now you put it into gold,which is actually also had a track record of being very safe.

And for the last three years has gone up 10, 15 last year, 40% beating out all the stock markets around the world, beating out all of the bond markets, beating out everything. And still on the way, going up, go one up a hundred dollars yesterday, $133 a day before. I haven’t looked at it this morning yet, but it’s probably going to be up another 50.

We’re going to have $5,000 gold. We’re going to have $5,000 gold and $100 silver probably in a few weeks time or less. And that is a, which we’re going to get into right now.

That is a direct result of the Trump 2.0 administration and his mishandling of everything. And I know I have many friends. I have very close friends, friends that just think Donald Trump can do no wrong.

Don’t I think he’s got a plan? No, I don’t think he’s got a plan. I think he’s winging it. And the only time you realize that he’s winging it is when he’s pushed back on very strongly, he bends.

That’s where the taco Trump always caves comes from. Because the truth is Donald Trump is just a bull in a China shop today with no plans and it’s dangerous for the world. It’s dangerous for the world’s economy and it’s dangerous for world peace.

We’re going to have a peace committee for Europe and for the Middle East. I guess it’s for the Middle East and it’s a billion dollars to join. And Donald Trump’s going to be the head of it and he’s going to control the money, including after he’s president.

Did you know that? He plans on running a United Nations under Trump empire after he’s presidentto actually try to be more powerful than the incoming president of the United States. That’s what’s happening here. This instability is not good for the world and it’s not good for Americans especially.

And on top of that, who’s he inviting into this peace council? Russia, China, all the enemies that we have that he claims we need Greenland, for example, to defend against Russia. What the hell is that all about? Well, we’re going to invite them into our peace council for the Middle East. Does it make sense to you? Well, it doesn’t make sense.

And I try to tell my friends, and like I said, they’re very close people to me and I’ve known them for years, who still are on the Trump bandwagon, who just simply does not understand that everything is not okay. And I always hear the same things. And I heard these, by the way, in 2019.

If you go back to the Plain Truth, the actual plaintruth.com, I didn’t have podcasts then, and read my articles, you will see many articles. One was entitled, why ever Trumpers are actually stupider than never Trumpers. And that got a lot of people mad at me, including close friends.

Other ones I said, is Donald Trump going to lose the 2020 elections because of his own arrogance? The other one I had, and I really at first started thinking it was true, but the QAnon BS that was out there, don’t worry everybody, don’t listen to the news. Trump’s got it all figured out. He’s going to run away with the 2020 election.

Do you remember that? It was all a plan. It was such a great plan. We got Joe Biden in the office, who ruined this country.

That’s great his plan was. Kept going around, are you tired of winning? Well, I wasn’t tired of winning, and we ended up losing. And that’s what I see Trump 2.0 doing, worse than Trump 1.0. He is setting the seeds of his own destruction.

Here’s some headlines that we’ve had on the Plain Truth message board. For example, the U.S. national debt has climbed to $39 trillion. That’s $2 trillion added to the $37 trillion that Biden got us to in one year under Trump.

$2 trillion. Yes, those tariffs didn’t help cover no part of the debt. It’s just another BS lie that people believe in.

I have people say, but he’s collecting all this money in tariffs. Well, let me explain someeconomics. Number one, it’s the American people or American corporations paying the tariffs.

Not China, not India, not Europe. It’s Americans and American corporations like my own. Now, here’s another thing.

Did we really make $240 billion last year in tariffs? No, because last year, probably 85% of the tariffs were paid by corporations that did not pass it on to the consumer. Listen to this now. Pay attention.

There’s a lesson here. They paid for the tariffs, but they did not pass the cost on to the consumer. Hence, the inflation wasn’t as bad as it’s going to be this year when they do pass it on.

I’m an example of that. Our raw material costs doubled last year. We had no price increases whatsoever.

In fact, we had sales where many times we barely made a profit when we sold products in order to keep in business. But here’s the point. This is the most important thing.

If a business pays, let’s say $240 billion in tariffs, they take $240 billion off of their P&L’s bottom line. Therefore, the government didn’t make $240 billion because the companies paid the government that, then deducted it off their taxes. So there is a net zero.

A net zero went to the government. Hence, explaining how we got $2 trillion in debt when we were doing so great according to Donald Trump. It’s a lie.

I’m sorry if you like Donald Trump, you love Donald Trump, and you think he’s sitting on the right hand of God. It’s a lie. I will not tell lies.

I will tell you the plain truth, even when my own friends don’t want to hear it because most of them don’t. Here’s another thing. My wife put this up on the message board.

The latest poll has Trump’s approval rate at 35%. Once again, you hear these people, these Trump supporters, and like I said, most of my friends are, they will tell you those polls aren’t accurate. Whenever the polls are in favor of him, then they use those polls.

But when they are not in favor of him, oh, they’re lying on the polls. Well, I’ll tell you. I’ll tell you something right now.

How many people a week do you talk to? Well, I talk to a lot. My wife talks a heck of a lot more. And there are people who voted for Trump all day long that we talked to who would never vote for him again, who absolutely had their businesses destroyed by him or their lifestyle destroyed by Trump 2.0. And so, therefore, I do believe these polls.

And I also believe that he was going to be in trouble in 2020. That’s why I wrote the stories that I did. Don’t listen to these people who say, oh, Trump’s got it all under control.

It’s a plan. It’s a plan to make him look weak, but he’s going to run away with the 2020 election. Well, it didn’t happen.

They’re going to lose the midterm elections so badly, so badly, I even think they’re going to lose the Senate. If they lose the Senate and they lose the House, he’s going to be impeached and at least 10 Republicans after this Greenland deal, which you notice he caved on. He went to Davosyesterday and admitted he has no plans to send in military troops.

However, Donald Trump, that damage was done. What you did was convince Europe to throw the United States out of Europe. Don’t depend on the United States of America, and we will depend on our own.

And the last thing world peace needs is a unified Europe under the control of Germany, and that’s what it will be, running world affairs, because they are going to be the dominant power, according to the Bible, that I believe in, and you better believe in, because it’s 100% tomorrow’s headlines,and they are going to be the King of the North, the Antichrist, the beast of the Bible in Revelationthat’s going to control the United States of America. You’re going to be under their thumb. You’re going to be slaves to Europe.

That’s what the Bible says. I’m sorry you don’t want to believe that, but that is what the Bible says. You say you believe in the Bible.

Are you one of these people, maybe a Baptist or one of these people who say you believe in every word of the Bible? Then you need to believe that we are going into captivity, and we’re going to do it to ourselves because of our arrogance and the arrogance of our leaders, because you know what? We are punished when our leaders are punished. You want some examples of that? Go back and read the story of David and the census. David took a census, and God was mad at it, and God gave David a choice, and one of the choices was you could have a plague destroy Jerusalem for three days, or you could go on the run, and David chose the plague, and it killed, I think about it, I forgot, a hundred thousand people.

A hundred thousand people died because a man after God’s own heart, King David, sinned. Think about that. This is what happens when you put your trust in a leader who disappoints God, and you can be a man after God’s own heart, and I can tell you right now, Donald Trump is not a man after God’s own heart at all.

He is not practicing any of the biblical practices that you need to follow, including surrounded with his cabinet, surrounded with, let’s just point, let’s just say Biden-type cabinet people. I’ll just put it there so Facebook don’t throw this off the air, but if anybody has a brain, you can realize Donald Trump loves the liberal lifestyle. He loves the liberals around him.

He’s married to liberals all his life. His daughter is a liberal. His sons are liberal.

They were all registered Democrats. I understand that Donald Trump can be a good president. I told you this when I pulled for him last November.

He could be a great president, but he needs people around him to keep him going straight. If you’ve ever been a boss, you understand an employee that has all the talent in the world, but their scattered brain. They go all over the place, and so you have to keep giving them direction in order to make them the best employee that they are, and maybe the best employee that you have.

If you don’t give them that constant correction and attention, they end up falling away, getting fired, getting in trouble, or doing harm. Well, that’s what we have today. Trump 1.0 was surrounded by cabinet people who kept him thinking straight.

Now, he’s surrounded by cabinet people that say, yes, Don, you’re great. Oh, yes, Mr. Trump,you’re the greatest president ever been. Oh, yes, you need to be up on Mount Rushmore.

Oh, you should have gotten a Nobel Peace Prize. In fact, you should steal the one from the womanwho got one, and take it, and not even have a problem taking it. If that doesn’t show arrogance, I don’t know what it is.

I would never accept any prize from anybody else that got it, and me claim it. It is absolutely insane. It’s megalomania.

It’s arrogance on a scale I don’t even know God can understand. This is the problem we’re facing today, and it’s not going away. 8,000 businesses, well, no, no, let me change that.

8,000 chain store stores closed last year. 8,000. Popeyes franchises, 130 locations.

Everybody knows Popeyes. Filed for bankruptcy, 129 million in debt. I just said 8,000 U.S. chain stores closed up in 2025.

240-year-old newspaper shuts its doors in 2025. The economy stinks, and you can say everything’s looking good, and inflation’s under control. Inflation is not under control.

We need to get real, and we need to hold this president accountable, and that takes senators andcongressmen standing up to him when he’s wrong, and making him think. Europe got together this last week, and basically sent troops to Greenland, and let Donald Trump know, you’re not going to take Greenland, and you know what? He caved, and you saw that in yesterday’s meeting. He saw his approval ratings, because he knows they’re true, and he saw all this other stuff working against him.

He also saw Putin laughing, absolutely laughing, about NATO being destroyed by Donald Trump. He made a big deal in their newspapers in Moscow, how Donald Trump is single-handedly doing what Russia could not do, destroy NATO. The number one enemy of Russia is NATO, and you don’t have a problem with that if you’re an ever-Trumper.

You don’t see what we’re doing that everybody else with a brain can see, and I shouldn’t say with a brain, because I know many of my friends, they have their smartest people in the world, but they are under, they are under a, what’s the right word? They’re under a umbrella, or a delusion is the right word. They’re under delusion about that Donald Trump is in total control, and he knows what he’s doing, and he only cares about America. None of it’s true.

He cares about Donald Trump, he cares about Trump family, and he cares about personal gain this time around. This is a presidency of retribution and lining his pockets, and he is not doing what’s good for you and me. You can think he is, but look at your finances.

Are you better, as Ronald Reagan famously said in 1980, are you better off today than you were a year ago? And if you’re honest with yourself, as bad as Joe Biden was, nothing got any better. Gas came down 30, 40 cents, that’s it. Nothing got any better.

Everything’s still at that high level. We should have been in deflation, not an inflation. We shouldn’t have a 2.7% inflation.

We should really have a one or 2% deflation right now to get back to normal prices. And in my business, products just keep going up because of tariffs. And this year, we’ve already planned, I just heard all of the big paint companies are going to have a 12 to 15% price in February.

They have another one again in next October. So that’s probably 20, 25% price increase this year. We’re going to have probably a 7 to 10% price increase in probably March before the season really begins because of all of the cost we’re paying for raw materials because of tariffs, because there is no raw materials in the paint business made in America anymore.

They’re all ran to China because of our EPA. Donald Trump is not the reason for all of ourproblems, by the way, he’s not, but he is burying us in these problems and not helping dig us out.And he’s not at all.

We’re still covered over with the mud and the manure of the Biden years. And the average American out there, I know, I have, our employees, their salaries has almost doubled in the last eight years. And yet they were better off eight years ago with half to pay than they are today.

You cannot tell me things are better for the middle class or for the lower class or even the upper middle class. They’re not. They’re only good for people with millions of dollars in their bank accounts or in gold assets or in other things making money.

But if you’re earning a living and you’re living off of your paycheck, you’re hurting. And the vastmajority of Americans is hurting. It’s time that the United States of America and the Americanpeople return to God.

Number one, it always is return to God with prayer, but also to pray that someone gets to Donald Trump and stops this nonsense and puts us on a pathway to peace, prosperity, and make America great again, as he has promised. I have to say you did not vote for what’s going on. You did not vote for bombing Iran.

You did not vote for going into Venezuela. You did not vote for getting Greenland. You did not vote for threatening Europe.

You did not vote for tariffs against the entire world. You did not vote for this. And if you say you did, you’re lying to yourself.

Well, that’s about all the time I got today. I’m sorry. It was one of these programs, again, where it sounds angry.

I’m not as angry as I’m hurt. I’m hurt because this man could have been a great president. This is a failed presidency, and it is not going to turn around.

That’s the conclusion I’ve come to, but I did a year ago. Anyway, until tomorrow, Bob Barney, thank you for listening. Goodbye.