Daily Standup Top Stories
Von Greyerz: Major Revaluation Of Gold and Precious Metals Is Imminent
Authored by Egon von Greyerz via GoldSwitzerland.com, The time has now come for the 99.5% of financial assets which are not invested in gold, silver or precious metals mining stocks to grab both the investment […]
Keanu Reeves Has a Message for China – How the U.S. needs to listen and follow Keanu’s example.
ENB Pub Note: This is an excellent article by John Mac Ghlionn, and really brings to light the importance of standing up for what is right, even if there is a cost. Energy independence is […]
UAE announces plans to invest $54B in energy and triple renewable …
DUBAI, United Arab Emirates (AP) — The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands. Sheikh Mohammed bin […]
(in)Dependence Day 2023 – Why?
The United States energy independence achieved in 2020 has been sacrificed on the altar of climate change, terminated with malice as part of an effort to “end fossil fuels”. This effort would ultimately make the entire US […]
Highlights of the Podcast
00:00 – Intro02:40 – Von Greyerz: Major Revaluation Of Gold and Precious Metals Is Imminent05:57 – Keanu Reeves Has a Message for China – How the U.S. needs to listen and follow Keanu’s example.09:20 – UAE announces plans to invest 54 billion in energy and pull renewable 12:00 – Independence Day 2023 Why?14:51 – Outro
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Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Michael Tanner: [00:00:15] What is going on. Everybody, Welcome into another edition of the Daily Energy News Beat Stand up here on this gorgeous Wednesday, July 5th, 2023. As always, I’m your humble correspondent, Michael Tanner, coming to you from an undisclosed location here in Dallas, Texas, joined by the Executive Producer of the show, the purveyor of the show and the Director and Publisher of the world’s greatest website, EnergyNewsBeat.com Stuart Turley, my man. How are we doing today? [00:00:40][25.0]
Stuart Turley: [00:00:41] This beautiful day neighborhood, Hey how was 4th dude? [00:00:42][1.9]
Michael Tanner: [00:00:43] It was good, it was hot but we survived. Unfortunately, your four day weekend is up, so we apologize for everyone for having to go back to work. But you can do it. There’s line of sight to Friday and you can stick with Energy News Beat we’ve been with you here all week and we will continue to be here with you up until this weekend is here. You know, you guys may of rest on the fourth we did not. [00:01:06][22.5]
Michael Tanner: [00:01:06] We have a great show for everybody lined up, Stu, hard at work making sure Energy News Beat is the place for all of your energy news. First up on the menu today, Von Greyerz Quote: Major Revaluation of Gold and Precious Metals is Imminent. Ooh. Stu is hitting one of the major themes of today’s show is the Dollarization so get ready. [00:01:26][19.7]
Michael Tanner: [00:01:26] Next step. You’ll still have to convince me how this falls into the show but Keanu Reeves has a message for China, how the U.S. needs to listen and follow Keanu’s example. Again, still skeptical, but Stu will sell us on it. Next up, UAE announces plans to invest 54 billion in triple in energy and triple down in renewables. Yikes. [00:01:48][21.6]
Michael Tanner: [00:01:49] Next Independence Day, day 2023. Quote Why? This is a play on words here, but Stu will cover specifically what energy independence means on this July 4th as we record this here at about 2:45 actually on the fourth. I’m so hard at work for you guys. [00:02:05][16.0]
Michael Tanner: [00:02:05] The markets were closed yesterday well, today, as we’re recording this, so nothing really new other than an oil sitting at $71. So this will be a quick one and we’ll let you get on out of here and back to your Monday, which is or back your Wednesday, which is probably filled with unfortunate meeting. So stay strong again line of sight to the weekend. [00:02:23][17.5]
Michael Tanner: [00:02:23] Before I kick it back over to the you guys again all of these articles courtesy of world’s greatest website www.EnergyNewsBeat.com Stu did a great job curating that website making sure it stays up to speed with all of your energy news. Dashboard.EnergyNewsBeat.com The best place for all of your energy news emails, Questions@EnergyNewsBeat.com. All right Stu where do you want to begin? [00:02:41][17.4]
Stuart Turley: [00:02:42] Lets start with Von Greyerz: Major Revaluation of Gold and Precious Metals is Imminent. [00:02:48][6.6]
Michael Tanner: [00:02:49] DOONAN okay. [00:02:51][2.0]
Stuart Turley: [00:02:54] The time is now come for 99.5% of the financial assets which are not invested in gold, silver or precious minerals mining stocks to grab both the investment and wealth preservation for an opportunity of a lifetime. Why do you think that is Michael? [00:03:14][19.5]
Michael Tanner: [00:03:14] Well, I mean, I think this author is arguing that the dollar is shot and that the only thing that you’re going to that’s going to hold value in in terms of a go forward basis is physical commodity. And he’s arguing gold is the best place, which may or may not be wrong. I mean, granted, this guy’s writing for a website called GoldSwitzerland.com [00:03:33][18.9]
Stuart Turley: [00:03:35] I’m okay with that. And here’s why he brings up some excellent points. BRICS is not interested in opportunities happy to turn with the wind of success. But the big thing here is so when the West, especially the US, licks its mortal wounds, the East is looking forward to the coming feast. [00:03:57][21.9]
Stuart Turley: [00:03:58] Oh, oh and the next line under that is the dollar is no longer as good as gold. But there was a time when the U.S. dollar was as good as gold and until 15th August 1971, sovereign nations could exchange dollars for gold at $35 an ounce. I didn’t know that one. [00:04:17][19.3]
Michael Tanner: [00:04:18] Yeah, I mean, we’ve talked about this oil starting to be traded in the Yuan, and we’ve seen India. We ran a story yesterday with India transacting crude oil and want it’s coming. And where the petrodollar ends up, what it ends up being, whether it’s gold, whether it’s another currency backed by bricks, who knows. I think those are the author gives a good idea for gold. [00:04:40][22.5]
Michael Tanner: [00:04:41] I think the problem is there aren’t enough gold to go around, the reason why you move to a a policy that a the reason why you move off gold is because there’s only so much gold to go around the supply only increases by 1% a year. Guys like Saudi knew Dharmesh would tell you that’s why you need gold to be, that’s why you need gold to be the currency, because there’s only 1% inflation here. [00:05:04][23.3]
Michael Tanner: [00:05:04] The question is how do we get back to a currency backed by gold? Russia thats a little bit of a model. Russia seemed to shown a little bit of a model in that they’ve moved to Gold backed currency held up pretty well. So it would be interesting to see how the rest of the world does it. but BRICS is definitely moving do something other than the petrodollar, we know that. [00:05:24][19.5]
Stuart Turley: [00:05:24] That and China is taking the lead on this they’ve been buying more gold than ever possible before and you know why they’re doing that? [00:05:33][8.7]
Michael Tanner: [00:05:33] Because they’re Chinese. I don’t know. [00:05:36][2.3]
Stuart Turley: [00:05:36] Because they don’t want you to have it. [00:05:38][1.8]
Michael Tanner: [00:05:39] That’s a good point. Well, good thing I don’t have any of it, all right. You know who wants it? Keanu Reeves. [00:05:43][4.1]
Stuart Turley: [00:05:43] Yeah, absolutely. Hey, did you see all of that? John Wick. Hello, Mr. John. Hello, Mr. Wick. [00:05:49][5.7]
Michael Tanner: [00:05:49] I saw…I saw the first three. [00:05:51][1.6]
Stuart Turley: [00:05:52] Okay. You got to see four. Four is sweet, and I think they got to have five coming out even though you think he croaks, but they leave it like he croaks. But anyway, I always love the John Wick. Here’s where this kind of goes. Did you know that John Keanu Reeves was from Tibet? [00:06:12][20.8]
Michael Tanner: [00:06:13] I knew something of that nature that he’s either, Oh, he was born a lot of time in. [00:06:18][4.4]
Stuart Turley: [00:06:18] Iran or Southern Beirut. Yeah, he was born in Beirut. He will perform at the 35th annual Tibet House U.S. Benefit Concert, and he’s performing as a musician. [00:06:29][10.6]
Michael Tanner: [00:06:30] Wow. [00:06:30][0.0]
Stuart Turley: [00:06:30] I thought that was cool. [00:06:31][0.6]
Michael Tanner: [00:06:32] Interesting. [00:06:32][0.0]
Stuart Turley: [00:06:33] Not only can he shoot you in the kneecaps, he can play for you while you bleed out that’s not bad. Now, here’s where this fits in. He is, standing up not like all the rest of Hollywood. Hollywood is bowed down and just like our administration let balloons fly over and then they you know, by the way, if you want anything, Mr. China, thank you for all your payments in the past. If you stand up to them, Why is Tibet important, Michael? I was shocked. I didn’t know this. [00:07:06][33.3]
Michael Tanner: [00:07:06] I read the article, so I won’t spoil it but I’ll let you. I’ll let you. [00:07:10][4.2]
Stuart Turley: [00:07:11] It’s the water well of the entire area, it’s water! [00:07:15][3.5]
Michael Tanner: [00:07:16] 250 million people across ten different countries in Asia, including Bangladesh, Cambodia, China, India, Laos, Burma, which is Myanmar, Nepal, Pakistan, Thailand and Vietnam rely on this source. It’s crazy. I didn’t know that meeting. [00:07:32][15.8]
Stuart Turley: [00:07:33] This part of this energy independence means that we get to stand up to China because they could care less about us. And the only way, the only way that we can survive as a nation is to be energy independent only then can we regain the world stage. That’s why this fits in. [00:07:52][19.0]
Michael Tanner: [00:07:52] Okay. Okay. Well, I. I agree with you, being energy independent is something that would bring us back to the forefront of being able to control our own destiny instead of being dragged left and right as the world as the world wants us to. [00:08:07][15.4]
Stuart Turley: [00:08:08] There’s a there’s a couple of things about Keanu Reeves. I loved all of his movies, but it’s really funny. Did you see his early one on when he was The Bill and Ted’s Excellent Adventure? [00:08:19][11.6]
Michael Tanner: [00:08:20] No, I saw Point Break with him. [00:08:22][1.6]
Stuart Turley: [00:08:22] Oh, wasnt that great? [00:08:22][0.4]
Michael Tanner: [00:08:23] Swazi. [00:08:23][0.0]
Stuart Turley: [00:08:24] Yeah, it was a good one, too. [00:08:26][1.9]
Michael Tanner: [00:08:26] It’s good. [00:08:26][0.2]
Stuart Turley: [00:08:26] You got to see, you know, his ones with Bill and Ted’s excellent adventure, who would have guessed that he would have turned into the star that he did? But I love it because he does not care about anybody else. [00:08:40][13.7]
Michael Tanner: [00:08:41] He’s been. He’s been red pilled. [00:08:42][1.3]
Stuart Turley: [00:08:45] We need our own Red Pill here, baby. Okay. UAE announces plans to invest 54 billion in energy and pull renewable. Why is this important? You know, out of the UAE, United Arab Emirates. The United Arab Emirates plans to triple its own supply of renewable energy and invest up to 54 billion over the next seven years to meet its growing energy demands. Do you know why this is different than Germany in California now? Okay. Here’s why. Because they’re funding it with their profits in oil they’re not printing money. Hello, McFly. [00:09:32][47.0]
Michael Tanner: [00:09:33] Hello, McFly. [00:09:33][0.4]
Stuart Turley: [00:09:34] They’re not printing money, I think that if we go to renewables, which we do, I’m all in. I don’t care what power source we use. Nuclear, Wind, Solar, but you got to pay for it without printing money and if you got a profit source and the cash cow of oil. Yeah. Im In! [00:09:52][17.8]
Michael Tanner: [00:09:53] So. Well, I mean, if in Dubai and specifically the UAE’s an interesting case study in the fact, if they will, regardless of how much energy they produce locally and produce in-house, they’re always going to be reliant on energy imports,. [00:10:09][16.3]
Michael Tanner: [00:10:10] If only because the fact that they live in a desert and need, you know. Gigawatts and gigawatts in, you know, EV energy in order to do to power themselves. So, you know, they also have 50% of their their energy being met by nuclear. Hopefully that goes up under this under this test. [00:10:29][18.8]
Stuart Turley: [00:10:29] Yes. I consider Nuclear Renewable, especially with the new technology that’s coming around the corner where you’re going to be using Nuclear Waste. I’m I’m really excited. [00:10:38][9.4]
Michael Tanner: [00:10:39] I was having a conversation yesterday with somebody about small modular nuclear reactors. How did you get to you? How did you get to on my off day. [00:10:46][7.6]
Stuart Turley: [00:10:48] SMRs I love me some small nuclear reactors, modular reactors. I still use my interview with Thomas Jam from Copenhagen Atomics and I hope they just rock on. They’re going to have an assembly line and I can’t wait to fly out and visit with him in Copenhagen, you’re going with me. [00:11:10][21.9]
Michael Tanner: [00:11:11] All right. Last story for today. [00:11:12][1.1]
Stuart Turley: [00:11:13] United States don’t. I’d like to thank our founding fathers for just a moment. Independence Day 2023 Why? Now it’s a little play on word in the title there. This is an excellent article, The United States Energy independence and conceived in 2020 has been sacrificed at the altar of climate change, terminated with malice as a part of an effort to end fossil fuels. Excellent. I think that that is a true statement. [00:11:43][30.1]
Stuart Turley: [00:11:44] This effort would end, you know, we got to be energy independent, the transition to renewables puts storage in there I love storage, Great I understand it, but you can’t fund it. Funding storage is huge, it takes critical minerals like you wouldn’t believe. I mean, it’s just the requirement for energy storage is but the third paragraph down in the renewables plus storage energy economy leaves us dependent on technology, which for the most part does not exist today and might never exist. I love that. Normally you’d see it makes us dependent on China ahhh crackers there we are again dependent on China, especially when they have all the water in the world up in that Tibet area. [00:12:35][50.6]
Michael Tanner: [00:12:35] Yeah, I think, you know my stance on energy independence. I think the quote you had. [00:12:39][3.8]
Stuart Turley: [00:12:39] Kill the whales. [00:12:39][0.3]
Michael Tanner: [00:12:41] Yes, Kill the whales. I think the quote at the bottom of the article says it Great. The urge to save humanity is almost always a false front for the urge to rule. That’s H. Al McKinnon. And it is unfortunately true. [00:12:53][12.3]
Stuart Turley: [00:12:54] That is unfortunately, but, you know, I’ll tell you what I thoroughly enjoyed. Thank you for letting me keep the Keanu Reeves story, and I’d like to tell our listeners, Michael, I have to defend stories on here because he wants to boom anything that doesn’t have to do with energy. So thank you, guys. [00:13:12][18.5]
Michael Tanner: [00:13:12] You toss me a story with Keanu Reeves has a message for China. It’s easy. You got to convince me that it sticks in, but luckily it’s the fourth guys. I’m in a jolly mood. So we let it. We let it through. [00:13:24][11.6]
Stuart Turley: [00:13:25] I tied it with Energy. [00:13:26][1.7]
Michael Tanner: [00:13:26] It is true. What else we got Stu before we let him get out of here? [00:13:29][2.5]
Stuart Turley: [00:13:29] Oh, man, that’s it. It’s going to be a great short week. I’m tired. [00:13:33][3.7]
Michael Tanner: [00:13:34] Yeah, No kidding we’re going let’s get out of here and get back to work. Guys we appreciate it here you joining us on this Wednesday for Stuart Turley, I’m Michael Tanner Guys, see you Tomorrow! [00:13:34][0.0]
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