Brandon Aceto

Like the biggest barrier against socialism is a strong middle class.

And the worse off our middle class is the closer we get towards socialist tendencies.

That's why these

College kids are freaking out about socialism today because they're.

Brandon, you got people on EBT cards walking around with iPhones.

I think the standard of living in America is highest in the world.

But the lower class has actually been benefiting and going up in standard of living more than the middle class because of all the subsidies and all the welfare.

So that's a bad thing, too, is that the middle class works harder than the lower class and gets less.

Yeah, let me grab that chart.

Yeah.

So it's crazy.

I mean, there's been a marketing campaign to not look at gold as a form of money because I don't think that the government likes when you own gold or when the consensus is for people to obtain gold.

But the value of the dollar versus gold, the dollar has lost 50 percent of its value against gold over the last three years.

And I agree, Eric, that it could be for the tariffs because gold is a good indicator of future inflation.

Gold actually started rising quickly in 2019.

So it almost predicted the money printing in 2020, very interestingly.

So it could be for the tariffs.

But also, I think this is interesting that for the first time since 1996, the central banks have more gold on their balance sheet than treasuries.

And I almost see it as like a...

credit default swap situation where they didn't let the price of the bonds move until they got themselves positioned to where they had enough of them to where it wouldn't hurt them if they let the market do what it did.