George Papp 0:08
Hey, welcome to the conscious renegade podcast with me, George Papp, helping you to be the change you wish to see in the world. Today we are joined by David Morgan, founder of The Morgan Report, author of the book, the silver manifesto and second chance, and is devoted more than 30 years to educating investors opportunities to protect and grow their wealth. He is a huge advocate for precious metals, especially silver. So we’ll be discussing financial solutions, and I guess the alternative economic system, and how you can protect your wealth from the collapsing system. How are you, David, and thanks for coming on?
David Morgan 0:49
George, thanks for asking. I’m doing well. Thanks.
George Papp 0:52
Excellent. I mean, I’ve you know, I’ve seen many of your interviews, I guess in the last couple years as well. I guess the first question I have is, how did you get into the the space initially, and I guess what’s your guess, story behind you getting into precious metals getting into the alternative sort of economic space?
David Morgan 1:16
Well, for whatever reason, I was pretty fascinated by money and investing even as a kid. And the young as a child, we lived out in the countries to water the my dad’s orchard, which was one acre of land and what people think is like 1000s of acres, farmers have been hand watered when you’re now 1011 years old, you know, 20 minutes at each tree, and there’s 20 Trees takes a while. Still boring. But regardless, I would pay 25 cents a week to do that. And I used to stacked all these 25 cent quarters. And then one day my dad paid me and it was a cupro nickel quarter. And of course, I noticed a change because everything else I had was 90% Silver. So it kind of struck a chord with me, but it didn’t make a big deal out of it. I didn’t say well, you know, a few years now be the silver goo or any of that stuff just struck me odd that it I totally knew it couldn’t be the same value. And I also wondered why why would you know, they’d be mentored this way. But I didn’t really get any answers. adults seem to just ignore it. Fast fascinated by money. So I started looking into it on my own reading about it. By the time I gotten in my late teens had pretty much done enough study to realize that the banking system is a fractional reserve banking system. I learned that all fiat currencies failed. I learned when I started reading, you know, newsletter authors and more books and all that stuff. So, okay, pretty well self studied on it. And one thing led to another had aircraft career Early on when I graduated from college and stayed there. But I’ve always been interested in finance and metals, went back to school, got a finance degree, started the Morgan Report, pretty much the beginning of the the internet, not the exact beginning. In fact, I was one of the I’ve always been kind of an early adopter, not on everything, but on on several things. One, of course, was connecting to the net in the old days. I mean, early on, there weren’t any browsers. There weren’t any chat rooms. It was just it called a bulletin boards. And I mean, you fired up a computer with a C prompt. And once you saw the C prompt, then you had to type in you know what you wanted to do the computer that didn’t last too long. The browser’s came up, Netscape came up, I built my own web page with Netscape and did it for research purposes. And one day, a guy called and said, What is this? What do you do? I said, I write a newsletter, which I really hadn’t. But that was my dream. They said, How much is it? I go up in a business for 12 seconds. But I tell this guy, I came up with a number he said, fine. So I’m on my way of starting the business. And I was levitating for about you know? 510 seconds Georgia mean, like, here’s my dream, I’m gonna live it. And then of course, you did the one had to clap where you take the, you know, your palm and you whack yourself in the middle of the forehead. Do Wait a sec, what did I just do? I told one guy, I’d write everything I know about the financial markets, particularly precious metals, emphasizing silver for one year for this amount of money. That doesn’t sound like like early retirement. But I pressed on, and it built from there and of course, it’s been established that for over two decades and have a very large following so basically, it’s following your passion. I mean, it’s really that simple. Sounds easy. Wasn’t. But I just persevered through the whole thing.
David Morgan 4:56
Yeah. I second the sort of Working on your passion, and it’s something that is kind of cliche, but it is truly the way to not only build wealth, but to know you’re making a difference. Otherwise, I don’t think it’s really worth it. Otherwise, I think that is the way to go. And I know it’s cliche, but you end up doing the work. It’s not like you’re working for someone else in, you know, you have to do a certain hours, you actually work harder, right?
David Morgan 5:30
Especially in the beginning, I mean, the amount of real articles I wrote for the public domain, I mean, I started it, you know, what we call web 1.0. And everything was, you know, just basically an electronic letter that you would publish and, and the web 1.0 website, I would literally get up very early in the morning, read all the news, financial news. And then I would pick and choose the best articles to post on our website. And I did that myself by hand for years. And a lot of times the way the website was set up by my webmaster, the whole articles title wouldn’t fit within the spaces allotted. And I didn’t want to have him rewrite the whole code. So I have to be very, very imaginative to come up with, you know, the essence of the of the article, and we look at it and stick it up there. But now a lot of lot of juice in the beginning, I still have some meaning. I’ve got enthusiasm for what I do still. But back in the beginning, I couldn’t put it in those kinds of hours again, now, not at my age, and probably not quite as driven. I’ve been somewhat oh, let’s say discouraged with seeing how long this Fiat Fiesta can continue. But I don’t think it’s got much longer to go.
David Morgan 6:55
Yeah, so that’s a perfect segue into what I’m gonna ask next. And yeah, it looks like I think it just looks like it’s on its last legs. There’s not many more tools that the Fed and other central banks can even use now, to keep it going. So I guess the next question would be, or, well, the next discussion is, how can you explain to I guess there’s some people out there who may not understand how fiat currencies such as the US dollar is not really our money. I guess just explain that we have to sort of delve into the problem before we look at the solutions. So yeah, just talk about that briefly on basically how fiat currencies are not really our money, even though we have so much trust in the banks.
David Morgan 7:45
Yeah, well, the Federal Reserve is a private corporation, and its own primarily by Europeans. And it’s outside of the government. In fact, it’s the only agency that can tell the government to do anything it wants to, and the government can’t do anything about it, because they’re not really connected. Now. That’s, that’s the truth. But it’s also quasi government connected, because everything revolves around the US dollar, but US Dollars printed by the Treasury. And whatever the cost of printing is, we’ll call it that. And I’ll make up a number five cents per per bill that is sold to the Federal Reserve at that cost five cents. And then the Federal Reserve actually loans it to the federal government. So the federal government technically prints the money. But I think it’s a better understanding that Federal Reserve issues it, it’s borrowed into existence by the United States government. So the United States government has this huge debt called deficit that they can never pay back. And that’s how all these Fiat systems basically and is the debt gets so onerous, so unbelievably large, that it’s mathematically impossible to pay it back. And we’ve been in that condition for a very long time. But at some point, the system breaks. And once it’s broken, it cannot be fixed. Usually, there’s a substitution. In other words, in most cases, you actually go back to a gold standard, which fixes the problem least temporarily until that gets corrupted, but so it’s a private corporation. And so you don’t really own the money in a bank. I did a whole very well watched video called some good about bail ins you might talk type in bail ins David Morgan and Daniela Comboni. I think it’s got like 1.6 million views. And in that discussion, I talked about the fact that any one that’s in the United States banking system, you are an unsecured creditor, the bank, the bank owns the money, not you. And that’s something that’s very important. wouldn’t if we got a Cyprus type of situation in the United States, which is on the law books, it could happen? Will it happen? We don’t know. But it could happen. So this begs people, once they understand that’s a truth, a fact or reality that they need, in my opinion, to hedge against that, that problem, which means you’ve got to have something outside the system. And that, of course, could be crypto, it could be gold and silver, which is my choices. It can be something that’s very marketable. I mean, it could be alcohol, cigarettes, coffee can be a lot of things. But the easiest most recognized most fungible is the precious metals.
David Morgan 10:44
Yeah, and I think once you realize that, Ban ins, and, you know, potential social credit system site like China could happen, or just even just you can’t withdraw from the bank, makes you realize that you really do need to have not only a Plan B, but you should really, mostly own things outside of the system. A it feeds into the system, which you don’t want to do anyway, because you are feeding the beast in a way. And b Yes, you want to have your financial sovereignty. And yeah, like you said, Baylands have happened before in a test case, in my opinion in Cyprus, where they sort of took money basically out of people’s accounts, over a certain value, yes. Which I suspect probably happen again. But still, that power does lie, as you’re not really owning that currency, they can easily do this. So even having that risk, is really a reason to not have all of your eggs in that basket for sure. And in my case, I mean, having pretty much all your most your eggs out of that basket, to be honest. I mean, in that case, what’s your I guess outlook on what’s to come? Based on what’s happened in the last few years? Do you see like a, you know, a social credit system come into place where based on medical status, for example? And yeah, I guess your overall outlook on what’s to come in the next few years?
David Morgan 12:19
Well, number one is the bank banking elites don’t want to lose control. I mean, the way that the whole system is controlled is through the monetary system. I’ve said this many times, but it probably bears repeating that, you know, we get these ideologies, we get the red blue dynamic, you know, and this is kind of a divide and conquer meme, you get communism, socialism, fascism, democracy, constitutional republic, monarchy doesn’t matter. All those things. Sure, it matters, it matters to me, I want to be in this system, you know, it’s all controlled by the money system, all of it. And so really, that’s where you got to go, if you want to look at the top of the pyramid, you got to look at who the money masters are. And if you look at who the money masters are, they don’t care. As purportedly, Rothfield said years ago, you know, give me the power to, you know, quite make the money and I care not who make the full laws, it doesn’t matter if it’s a communist, or dictatorship or fascist or whatever, as long as I’m in charge of the money. That’s what matters. So let’s get that clearly established. And then from there, where do we go? Well, we always said you don’t you can do it on a personal level. But where do they want to take us? Well, first, they want to keep power. And they know they can’t pay the debt. So they’re scheming on a reset. And then we hear this word all the time, and the reset will be a resolution of the debt problem. And how they’re going to resolve it exactly, I don’t know. But I have a strong feelings last study and intuition, that they will absolve their own debt, their own obligations, because they know governments can’t pay them back. But they already own everything. So if you’ve used the fiat money system to own all of the wealth, and I’m going to talk about paper money, they don’t care about that. They know how the games played, they created it. But if you’ve used that to own all of your industrial capacity, all of your transportation facilities, all the airlines, all the shipping ports, all of the major businesses and you owe that you really don’t care if the stock price of XYZ conglomerate is 10 bucks or 200 bucks you own it. You own that corporation. So that’s why in a deflationary scenario, they really don’t care because it’s the wealth is owned. What changes is the number of what its pieces of paper, it’s it’s worth, but since they create infinite paper for themselves, and it really doesn’t matter from their perspective, I hope people are following that. So they’ll also spill over into we’re doing it for your own good and And what that means is they will probably absolve some of the debt that the, that the citizenry has meaning, you know, particular pic, mortgage, student loan, credit card, whatever. And I’m not saying they’re going to take it all away, I don’t know, but I think there’ll be some kind of a gimme, you know that when you come into the new system, you know, you’ll automatically get X amount of central bank digital currency and your loans will be forgiven or they’ll be moved out and re configured, you’ll have a years reprieve or who knows, I don’t think they know at this point, but they’ll try to sweeten the deal to make it look like they’re really helping you out, all you have to do is you know, sign up for the new one, and everything’s going to be much better than it was the old one didn’t work. And it didn’t work because of and of course, the because of will be anything but their own selves that created the thing from the beginning, they’ll never blame the banking system as a structure down because that is the problem. So they will blame it on the war on a certain government or illness or combination thereof, or us, you know, we’re doing all these bad things, we got to get in line, we’ve got to eat eat a certain way, we can only go so far we’re not allowed to. And then lastly, because I don’t want to forget it, it will be a social credit score, which is already, as you well know, and most your listeners are probably aware in China, but it’s going to be worldwide, it’s going to be based on how much you salute and see Yes, sir, three bags full that in other words, the way you adhere to the meme of the day, by the control freaks, as long as you align yourself with them publicly. And what you do on social media, you will be tapped patted on the head, and you’ll be allowed to do almost anything within their realm of what little liberty they give you. And if you resist at all, especially in a social media type of environment, or you’re out as an advocate or activist and you get on top of a login, you start spouting the truth to people, you’ll will be degraded or maybe even taken out of the system entirely.
David Morgan 17:15
Yeah. Yeah, I think that is the reality. And I think we have to realize that the system is going to be very much totalitarian and controlled, the CBDCs that will be introduced will be fully traceable fully, just transparent, fully, which, you know, not only is a problem on for us, in the sort of privacy level, but also like, this could be an issue with taxes in a sense that you can be taxed with any transaction probably in in an instant. Forget about doing tax returns, you all interrupt
David Morgan 17:57
you there, and you know, I’m not sure of this, but I’m pretty certain all income tax will just go away. I mean, you’ll be taxed at point of sale. So everything you buy will be taxed right at that right when you do it. And of course, there’ll be a scale on different items. For example, if you’re in a luxury car market, you probably pay a higher tax and if you’re in you know, basic car market, and they could apply that across the board. One thing about that even though I don’t like what they’re doing is that it’s a little more of a free method meaning that you have a choice. I mean, if you’ve got the money to buy a luxury car, but you don’t want to pay that much tax you could go to a mid size or whatever and pay less tax that’s just not making all this up as a as an idea. But I it’s the system is so cumbersome. It’s so convoluted and there’s so many problems to be simple. Once the AI takes over, and you’re right about it being you know, pretty much communist communist but are called Tolo terian. But really a technocracy it’s really bringing in artificial intelligence to monitor all these transactions and then as you said, tax about point of sale so I think that part’s going to go away and whether that’s good, bad or indifferent, you can make up your own mind, but it will be less of a hassle for the citizens they’ll just go about their business but also be not only social credit score can also be on your carbon footprint. So if you are driving too much, you might not be able to buy as much food or if you eat too much meat you might not be able to drive as much or you get the idea I mean, this is going to be such a control freak. No pin down to the average person it’s it’s going to be a nightmare for any of us are in a free market thinking type kale.
David Morgan 19:51
Yeah, it will, but I would always advocate for I believe it’s still a choice to be involved in this them. And anyone out there who’s still feeling like, you know, this is inevitable, potentially it is. But it doesn’t have to affect you as much as it does for someone who’s you know, fully invested in the system and doesn’t even know what’s going on. So I guess that is the right segue to, I guess, how will owning precious metals particularly, and obviously, especially silver, in your case, help protect us from this sort of system and help protect our wealth during a potential collapse?
David Morgan 20:35
Well, first of all, I want to emphasize what you just said, you know, everything I’ve said, so far is my best studied view. But it’s not inevitable at all. And there could be a lot of resistance, and it may not be implemented, or once it’s implemented, may not work, it may fail. So there’s a lot of things that we could talk about, about what we think is going to happen. But this doesn’t necessarily mean it will be. You know, that that will be the case. So I would say why silver, I wrote the 10 Rules of Silver Investing almost 20 years ago. And one of the things I wrote about was why it was important to start with silver, it goes something like this, no one who no one wants to be a prophet of doom. But in the unlikely event of an all out financial collapse, silver will be the money of last resort, gold will be too high unit value to buy everyday goods like gas, and groceries, whereas silver will be adapted for that method. Therefore, I urge every investor to have some silver on hand, which they can use if necessary. That’s kind of an outline of what they said. And I still believe that, you know, people have every investor own silver, the price of silver probably be north of a couple $100 an ounce. The problem is that most people aren’t aware of that. They don’t believe it, or they’re in silver, it hasn’t gone anywhere for 10 years. I mean, there’s a lot of reasons why people are discouraged by so. But it’s the main fact is there’s not enough participation. That’s one. And the other one is how much it makes a financial system. Gold makes up maybe 1% of the financial system, but silver makes up point zero 2% of the financial system. But having that small market presence, if it doubled, the market participation, you can see a huge increase in price because it is a small market. Yeah.
David Morgan 22:52
Yeah. It’s potentially it’s an interesting one, because it’s like so many people around the globe, really, I mean, the majority of the population don’t really know about this side of investing, and even owning precious metals. They don’t know how to even go about owning precious metals. I mean, what’s I guess? Another question, and a lot of people do say, in the alternative space as well, is, if everything does fail, or if you’re shut out of the system, how will owning precious metals in that case, really, really help you? And I always sort of say, it’s not really for that use? In my opinion, my opinion is, it’s something to hedge, a potential hyperlink or an inflation event, then you can use the gains that you’ve made to potentially buy, you know, land or whatever you want in terms of barter material. I mean, what was your view on that? Because a lot of people do say, you know, why invest in you know, let’s say, crypto and precious metals, for example, when you know, potentially, you’re going to be shut out of the system. And, you know, there’s a potential for you not being able to use these things in that case.
David Morgan 24:12
Okay, well, going back to the 10 Rules of Silver Investing. And I, you know, went from memory what I wrote, which my memory is pretty good, but it’s, you know, 10 rules, and then I expand on what the rule means. So rule number one is, when all else fails, there is silver. I mean, I can’t be more succinct and direct in that. So when the when the cyber attack comes when the grid goes down, or is turned off, or you’re not allowed to enter into the internet because you have a low social credit score or any of that stuff. When all of that fails, they’re silver. And again, going back to small units like 90% Silver dime or 90% Silver quarter like we used to get paid was 11 year old kid that has the value of about $6.25 sense. So when I was a teenager, I could buy a gallon of gas for a quarter. And now I can take that silver quarter and still buy a gallon of gas. So it’s done what it’s supposed to do, which means maintain your wealth. It certainly hasn’t made any of us wealthy, but I think those days are ahead of us. So really, when all else fails, there still are now going a step further. And it’s not a total breakdown, which I doubt there’s going to be a total breakdown, but there’s going to be some big disruptions, there’s a big difference between not being able to get exact groceries you want and being able to eat than there is not having any I mean that I don’t think it’s going to take place, there could be areas where it’s that bad, but you know, people are very, they adapt very quickly, especially under harsh conditions. So move, they’ll find it, they’ll find a way. So back to what you said, George is in, as this thing morphs into the next system, there’ll be a lot of opportunities. And because you have got real money, you will be able to take advantage of those opportunities. So you may be able to buy somebody’s business, you may be able to take over a grocery store, you may be able to buy cash flow, real estate, my bit about right land, you might be able to start a car lot. I mean, there’s a lot of things you can do when you have cash at the bottom. And I mean, real cash, physical, gold and silver. Could be other things. But those, as I said earlier, are the primary ones. So I think that’s it. I mean, the no rule number one, when all sales are silver, of course, gold as well. And gold would be very useful as in a scenario, that’s the most likely, which means huge distortions, people that are over leveraged. I mean, there’s probably people out there in the real estate market right now that are looking at a $5 million $10 million $50 million net worth, they look at all their properties and look at the cash flows and look at everything they’ve got, but they’re still over leveraged. And if the real estate market crashes, and they can’t service the debt because people don’t pay the rent, or the government says they’re only allowed to clap this month, should they move out, all of a sudden, those very large numbers on paper that make it feel very secure, over literally almost overnight that can come very insecure. So there’s a lot to a debt based monetary system that most people don’t find out until they find it out the hard way. And that is an example of that going to happen in real estate? I don’t know. I do know it happens some people in the 2008 crisis. And I’m not real pro real estate right now. It was always a case by case individual one on one relationship. In other words, there’s always opportunities in every market, if you know, the circumstances. But you have to look at him carefully.
David Morgan 27:48
Yes, for sure. And I think there is there’s going to be opportunities. Like you mentioned, in any of these sorts of scenarios, there’s always opportunities. And people who are awake to these situations usually can do pretty well, and can really make the difference to their lives. And, you know, this is where the chances can happen for you. I guess moving on to what your view on crypto is because a lot of Beretta precious metals guys can sometimes not really get into crypto, they sort of shy away from it, because it’s sort of tech based. What’s your view on the market? I know, there are sort of definitely, let’s say government and banking backed coins that maybe we we don’t want to get involved with. But there’s also some some good projects going on, in my opinion. So I mean, what are your views on on that? See the whole crypto market and what you’re getting involved with?
David Morgan 28:47
Well, my overall view is I am free market and I wrote an article my two bits about Bitcoin. And I think 2017 It might have been as early as 2014. I don’t remember, it’s been at least eight years or so. And maybe not eight years, five years. Anyway, MIT bits about Bitcoin. So who cares what I think if I am who I say I am a free market, it’s up for you to be determined in the market to determine if bitcoin is good or that at that time when I wrote it, Bitcoin was about the only thing out there. And I also said that watch out because the money masters have a monopoly and they will not want to lose this monopoly. So Bitcoin truly is independent. And I’m not convinced that it is. But if it is, the bankers will figure out a way to get regulated or control it or you serpent or whatever. I think that’s happened. Go to my website, the Morgan report.com And you pull down the blog tab. There’s 21 different interviews that I’ve done on what’s called the crypto conspiracy podcast. And I brought in a lot of different gasps talking about what’s really going on in the crypto space. So if you’re interested in looking at both sides of the coin, as before you invest or even after you invest, I would highly recommend that you probably watch every one of them. But really to save time, I would suggest you listen to number one, I should have been Well, number one that kind of got an intro to it number four, where we bring up the graph Commons and show how much Jeffrey Epstein at MIT is tied to Bitcoin. And then go to number 14, where he interviewed Kurt Kurt, who was a historian for Bitcoin. And he verified everything that I had conjectured up to that point, meaning that it has been usurped by the banks. And proof of that. And then up to I’ve done with Michael McKibben, the last one was most recent, it was episode number 21. And he talks about how the whole email slash social media space started, and that what he had to do with it, and how it was basically patented, and patent was taken from him. And so there’s a lot to the story that I’ve done probably more work on, I think, a buddy in the public domain, on this whole situation. So if you really want to look hard and deep, and keep an open mind, I would highly recommend that you get on the website, the morning report.com, hit the blog tab and start looking for the crypto conspiracy podcast.
George Papp 31:57
I think for me, I think maybe it started potentially with the look on being freedom based. But it’s hard to tell, like you said, it’s hard to tell. And bitcoin is completely tracked, trackable. You know, whatever transactions you do on the Bitcoin Blockchain, they will be able to use chain analytics to basically just trace that transaction, and they can see exactly how much you’ve got in your wallet. And that’s not just government, that’s also other just, I guess, hackers as well. It’s like, you know, even criminals out there who want to, you know, hack your accounts, let’s say, can basically see everything you have. Now, that’s where I think there is a solution in the privacy coin space. I mean, do you know much about these sort of privacy coins at all? Or do you have a view on those?
David Morgan 32:50
Yeah, well, I’m all for, you know, free market and peaceful solutions by, you know, innovators. And yes, I am familiar with some of them. And, yeah, this whole thing about the blockchain is very, very interesting to me. Because really, it’s it’s a double edged sword, overused, metaphor. But on one side, you have central bank, digital currencies, controlled by the elites that we already given us so much grief. But you also have the opportunity to create your own system. And if money is power, which is one of my main premises, and the bankers have the money, then they have the power. But if we have the money, then we have the power, and we don’t even need them anymore, or very likely, we agree to have some leadership, quote, unquote. So the opportunities there is just how will it be taken, and you know, the power of authority is breaking down all the time. I mean, unless you’re in the in the programmed space, meaning, you know, you’ve watched enough TV, that your neuro connections are so entrained, that you can’t think outside of what you’ve been programmed to think. But anyone that’s not that dark, which is probably better than half the population, then you have the ability to make your own rules, you know, and do your own thing. And of course, that’s where the privacy coins come in. So it’s not determined yet. You know, I know I sound like Mr. Doom Mr. Gloom, I don’t mean to I think I’m a realist. I try not to overemphasize the bad or the good. There’s both always and the opportunity is there. So a lot of people George and your generation or my kids generation, very bright, very optimistic, looking for solutions, thinking about how things can be done differently thinking way outside of the box, and certainly have not been programmed by the mainstream media into the inability to come up with solution. So, pretty optimistic about it, but not 100% Obviously, there’s a little bit struggle. And it’s gonna be, you know, the overused word very interesting times to see how this really, really comes about. I mean, you could see a quick example, you know, the cbdc implemented. And you know, you have to have a central bank, digital currency, your bank account is going to be closed, you’ve got one week to change over who knows. And nobody does it. Of course, people will, but the point being that they may not see, again, it’s a big thing in a way. Because there’s so many people that are becoming awake and aware all the time, and are seeking solutions. I mean, something as simple as creating your currency, like happened in the 30s, where your local community just agrees, and makes it illegal contract and say, for every hour, you work, you get this shit. And so many of these chips are good for chicken, and you know, that kind of thing. And that happened a lot. So it can happen again, as I said earlier, when the pressure is on, people get very, very creative and power the people.
George Papp 36:15
Yeah, you’re forced to become creative, right? Yeah, otherwise, I think it just brings this whole COVID thing into perspective, where it’s forced people to make the change that actually probably is better their lives, because there’s a lot of people in our space you have probably had. I’m not gonna say great time in the last two years, but I will say maybe an enlightening time, and also probably have moved into their passion, or at least have woken up to what’s going on in the current system. So yeah, there is a lot of change. But it doesn’t necessarily mean that it’s going to be, you know, chaos fully on and complete destruction for you. There’s always going to be in my opinion solutions. us as human beings, we are, in my opinion, again, very creative, like you said, and also very, very, we have a drive for freedom within us. And I think that could take hold. We’ve seen a lot of awakening in the last two years, for sure. Record number. So yeah, it’ll be interesting to see where this goes, like you said. So I mean, let’s move on to any projects that you’re currently working on. I guess load is one in the space, but also, personally, what are you doing to prepare for, you know, potentially what’s going on in the food crisis, just COVID in general, but even just how the system’s going, what are you doing personally, in your own life, obviously, don’t have to share too many details, but just what you’re doing to prepare and also speak a bit about load as a project that you’re working on?
David Morgan 37:55
Sure. You know, as Buffett says, we eat our own cooking, I obviously have some called Junk silver, constitutional silver, I have what’s called bag silver, which would be bag silver is $1,000 face value, so it’d be 4000 orders would equal 1000 face value. I’ve gotten a bag of $100 and dimes. And that’s, you know, $100, right. It’s all it is. But in Fiat, it’s 2500. Right. So that, again, shows you what I said a moment ago about, you know, a quarter will buy a gallon of gas till it’s a silver quarter. So I have that also have paper money. I mean, if the ATMs go out, or there’s a problem with a cyber attack, or any of that stuff, it’s not bad to have physical, you know, cash. So I have that I saw the food thing from a long time ago and been advocating, you know, have some extra food. So I’ve got that. And then being more self sufficient, you know, thinking back about taking using the, say, the precious metals and converting into something that is beneficial more than just having solid money. Because really, you know, having a strong savings is a good thing. But really, at the end of the day, you’re gonna have to do something with it, hopefully something productive. So you go back to the idea of raw land, let’s say that you have enough silver you can buy, let’s make up a number of five acres, five acres, you don’t give it to the community, but you let the community come in and work on it for vegetables and you make a community garden and everybody benefits right. So I mean, there’s a lot of things that you know, that have potential like that. You just got to do a little bit of thinking to implement them. So that’s about it. I you know, try to live within my means always have tried to be somewhat frugal, but not miserly. I always think of how I can contribute, I won’t go into what I do. But I will just say that it’s not all about me. It’s certainly about what I can contribute not only to these podcasts, but what I can do, sometimes financial, often a financial basis, because it’s easier for me to contribute that way than to, you know, work at the food bank, or work at the homeless shelter or whatever, all those things are not out of my wheelhouse. So we’re gonna get back to you, George.
George Papp 40:32
Excellent. Yeah, I’ve been doing the same thing would be sort of money in the account taking, taking cash, physical cash as well, even though you know, technically, it may not be worth much, let’s say, in a hyperinflation environment, but people’s minds have been focused on the fact that paper money is worth something, right. So you know, it could be useful in those sorts of scenarios. And in regards to, like you said, you know, doing charitable things, helping others who, who really need it in this time is, is definitely something that, that, you know, you’re advocating good for the world. And usually, it comes to you, and you don’t do it out of out of the fact that you want something back, you’re giving, and these sorts of things are certainly in light in alignment with with how I guess, people could and should be in a way, you know, just being more giving. We’ve come into a world where we’re very greedy and focused on ourselves. And I think this has probably led to the situation that the collective is born into. So yeah, that’s, that’s a great point as well. I guess finally, what advice and key takeaways would you give our listeners to implement sort of strategies in their lives that they may not have heard of before just key sort of takeaways for them to take into their life
David Morgan 41:57
by being independent or self sufficient, independent doesn’t mean you do everything by yourself, but independent means you do more by yourself. In other words, instead of hiring someone to fix your plumbing, you learn to do it yourself, or maybe minor repairs on your car, whatever. In other words, more self sufficient you are or really the more self sufficient your community is, the less dependent you are. And we in the West particularly become overdependent. I mean, you’ve got to have someone that tells you you know, what your meal plan is you gotta have someone tells you how to lift the weight, you have someone tell you, you know where to put your money, you have to, you know, it’s an all these things you should be able to do on your own. So the more self sufficient become, and the more that you simplify your life, I think it will be the keys going forward. And I guess last one is attitude and appreciation. If your attitude is I can get through this, no matter what the world throws at me, that attitude alone will carry a great deal. And an appreciation for what you do have, you know, you might go back, I’ll never get that brand of, you know, chocolate again, or whatever. And that was that will happen. I’m not sort of saying chocolate, but there will be things that you take for granted today, or a couple years ago, that just will not be available anymore. And so, but that doesn’t mean, that’s just a thing. Maybe a food item, it may be a game, it may be an internet site, who knows. But the idea is to appreciate what you do that be grateful for what you do have. And lastly, your contribution. You know, what can you contribute to your fellows, you know, what, what is it in time? What is money? What is it in conversation, sometimes just listening is one of the most underrated one of the most underrated things that our friend can do. Sometimes people just want to get it off their chest, they don’t even want your feedback. They just want to vent and you just sit there listen to every word and say thank you for sharing you walk away, that has a lot more power than most people understand. So hopefully there’s some ideas for you.
George Papp 44:07
Nice one. Yeah. holistic approach is, is something that is definitely key for our independence, or community. Because we’ve been focused to sort of be pigeonholed into, I am a economics, economic economist, or I am a plumber. And that’s all I know, right? Instead of, instead of actually having a holistic approach of you know, I can do certain things in and I know certain things in each of these categories. So you can be self sufficient, or at least your community like you said can be self sufficient. I mean, in the UK, we would you know, if something breaks in your bathroom or something, you’re straight on the phone to some sort of guide to come and fix it. You know, something happens to your car straight away your phone and someone else To fix it, instead of the sort of approaches, unfortunately, that just gives you a power away and I, you don’t need to necessarily know how to do everything, you know, your community as a community could have those skills. But, you know, having those minor skills can get you a long way. And I think that’s the way to sort of take our take our power back, potentially. Well, thanks, David, for joining me today, and I look forward to having you on again, in the future, potentially, make sure you subscribe to the podcast on iTunes or Spotify. Plus, if you’re interested in having one to one consulting to prepare your wealth, for the great reset, check out this episode show notes for a link to cryptonomousconsulting.com. Also, we’ll have all the links to the Morgan Report and, and also other links to David Morgan stuff, all in the show notes for you to learn more, please do check it out. Definitely. You know, it’s going to be amazing information for you to learn and to, you know, get that sort of education that you need to move forward. So yeah, thank you very much, David. Any last thoughts?
David Morgan 46:08
That’s it, George. Thanks for having me. Appreciate it.
George Papp 46:10
Excellent. Thank you David and peace of love to you.
David Morgan 46:12