Mel Mattison: Part Two - Understanding Asset Confiscation & 'The Great Taking' In Times of Crisis
What this covers
In Part two of our discussion with Mel Mattison we explore the role of the securities entitlements during financial crises. This is a subject brought to light by David Rogers Webb in 'The Great Taking.' In times of crisis, corporations implement backup strategies, like plan B for drastic situations where the insolvency of major financial institutions might trigger the verge of collapse for derivatives. In the event a financial entity fails to honor winning bets in derivative markets, creditors can seize securities in brokerage accounts as collateral. This scenario, referred to as 'The Great Taking,' elicits concerns over asset confiscation, affecting not only stocks and bonds but also tangible assets like property and vehicles.
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The Bank for International Settlements (BIS) advocates for Central Bank Digital Currencies (CBDCs). CBDCs preserve the fractional reserve system yet provide benefits such as instantaneous settlement and seamless cross-border transactions. Central banks perceive alternative payment systems like stablecoins as competition due to their existence outside the banking sector.
Russia's move to distance itself from Western financial institutions and prioritize gold as a reserve asset signifies a break from the US dollar system and a possible resurgence of gold as a monetary metal. Central banks have resumed buying gold after decades of disposal, possibly contributing to an increase in its value. Gold provides advantages over digital assets like Bitcoin due to its untraceability and absence of intermediaries or complex accounting on the blockchain.
Mattison underscores the significance of possessing assets outside the present financial framework with minimal risk. Tangible assets such as real estate and precious metals like gold, silver are favored alternatives for maintaining worth during a dysfunctional system. The speaker expects continued expansion in the stock market's speculative phase but anticipates instability upon the onset of the crisis. He suggests farmland or open land as a more secure alternative to residential property. Despite his confidence in Trump, he acknowledges that Trump alone cannot remedy the fundamental issues. The political landscape is intriguing with various forces influencing events.
Time Stamp References 0:00 - Introduction 0:28 - Securities & Great Taking 7:00 - Bail-In for Banks 9:29 - CBDC Plans & Implementation 14:30 - Russia & Banking System 18:18 - Solutions 22:00 - Crypto & Privacy Attacks 28:05 - Protecting Wealth 33:55 - Optimism & Trump 40:00 - Religious Symbolism 44:23 - Palantir & Peter Thiel 48:48 - Concluding Thoughts 51:37 - Wrap Up
Talking Points From This Episode: - Concerns around seizing of assets as collateral when a financial entity defaults on derivative bets. - Central banks consider adopting CBDCs for benefits like instant settlement and seamless cross-border transactions, while viewing stablecoins as competition. - Central banks are resuming gold buying and Russia prioritizes it as a reserve asset, contributing to its increased value due to untraceability and absence of intermediaries. Guest Links: Website: https://www.MelMattison.com/Quoz Twitter: https://twitter.com/MelMattison1 LinkedIn: https://www.linkedin.com/in/melmattison/
Mel Mattison is a writer, investor, and financial services veteran. Leveraging over twenty years’ experience in the realm of high finance, he brings real-world authenticity to his fictional narratives. Mel combines this insider knowledge with a critical eye toward the economic forces that shape all our lives. With a knack for deconstructing jargon and making the complex understandable, he sheds light on the sometimes dark and confusing corners of finance. Mel holds an MBA from Duke University and studied creative writing at Loyola University Chicago. His recent novel, Quoz: A Financial Thriller, delivers an epic ride packed with action, intrigue, and a healthy dose of economic realism.
#MelMattison#BIS #CentralBanks #CBDC #Gold #Silver #Russia #Crypto #Solutions #USPolitics #Trump #PeterThiel #BailIns #GreatTaking #Government #Religion #Media #Stablecoins #Securities #FinancialCrisis
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Madison argues that the current financial system is structurally designed to enable asset seizure through the Uniform Commercial Code, central banks are strategically re-introducing gold as monetary metal while suppressing alternative systems, and practical asset diversification outside banking infrastructure is essential before a financial collapse creates opportunity for authoritarian restructuring.
- The UCC Article 8 legal framework allows DTCC/Cede & Co to claim securities and real assets as collateral in a financial crisis, creating a 'Great Taking' scenario
- Central banks shifted from net gold sellers (post-1971) to net buyers, signaling gold's reintroduction as monetary reserve asset which will drive significant price appreciation
- Regulations like the Lummis-Gillibrand stablecoin bill are designed to co-opt alternative payment systems and funnel them back into the fractional reserve banking system
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The Lummis-Gillibrand stablecoin payments act requires all stablecoin companies to custody Treasury bills at Federal Reserve depository institutions, effectively forcing stablecoin reserves into the traditional banking system and giving the Federal Reserve control over transaction data and asset allocation.
“Senators Lumis and Gill brand a month or two ago released the Lumis Giller brand stable coin payments act and I read the ACT I read the bill and basically it says in there that every single one of these stablecoin companies is going to be required by law to custody all of their T bills at Federal Reserve depository institutions and so taking all of the stable coin money that's currently outside of this Banking cabal and forcing it you know by law into the banking cabal”
The DTCC website indicates plans to expand 'tokenization of real world assets' which would bring homes, cars, car loans, and all assets into a centralized digital system that could be claimed by creditors during a financial collapse, implementing a de facto asset seizure scenario.
“when you read the dtcc website they talk about uh wanting to expand tokenization of real world assets they want to bring everything kind of into this uh system eventally everything from homes to to cars to car loans to to basically all assets on this system that if there's a collapse they can essentially claim it all and take it away”
The Uniform Commercial Code Article 8 legally transferred ownership of securities in brokerage accounts from individual owners to the Depository Trust and Clearing Company (DTCC) and its subsidiary Cede & Co, which holds approximately 90 trillion dollars in assets as legal owner while account holders hold only 'securities entitlements'.
“they changed the legal ownership of Securities held in brokerage accounts from um essentially the individual or the brokerage firm to the uh deposit to to the clearing organization which in the United States is the depository trust and clearing company and and particularly uh the dtcc has a subsidiary called seden Co CED and Co which uh people can also search which I believe last reported held around 90 trillion worth of assets”
The BIS (Bank for International Settlements) released a 'Blueprint of the Future Monetary System' white paper detailing how to construct CBDCs with interoperability and programmability for both wholesale banking and retail individual transactions.
“the bis is really kind of at the Forefront of this uh they put out a white paper a year or two ago called uh a future or blueprint of the future monetary system um and it it basically details uh all of the the jargon of interoperability and programmability and you know how they can actually create the rails for crossborder payments um of using cbdcs”
Privacy tools in Bitcoin infrastructure, such as blending pools that provide anonymity, are the most heavily regulated and attacked by government agencies because they eliminate traceability and prevent financial surveillance.
“those privacy tools are the piece of the Bitcoin infrastructure that is the most under attack from Regulatory Agencies you know these blending pools and ideas that give you some type of anonymity are the pieces of that infrastructure that are the most under attack”
The Continental Currency lost 99% of its value during the Revolutionary War, demonstrating that fiat currency debasement and hyperinflation have occurred in American history as consequences of currency printing.
“Fiat money printing the Continental Currency um was was devalued to uh one Continental to a penny at the end of the Revolutionary War lost 99% of its value just during the revolution”
All transactions are now being funneled through the banking system, with credit card companies processing purchases of small items like gum, giving banks control over every transaction and creating a comprehensive tracking system.
“they have brought everything into the banking system and then you look at credit cards like people are buying a 25 pack of gum and they're putting like every single thing is now you know going through that banking system”
ADP (largest payroll provider) generates significant income by investing employer payroll funds during the 3-day gap between when the company pays the paycheck and when it's settled into the employee's account, demonstrating the profitability of 'investing the float'.
“you look at a company like an ADP that's the largest payroll provider one of their biggest sources of income is investing the money in like the three days between the company paying your paycheck and when it gets settled in your account through like ACS and different things so you know they call it you know investing the float”
Gold has a 2,000-year history and physical properties (ability to be melted and remade, completely untraceable, no counterparty risk) that make it superior to Bitcoin for serving as a stateless reserve asset and protection against government control.
“there's certain aspects of gold that just Bitcoin doesn't have Bitcoin doesn't have a 2,000 year history Bitcoin doesn't have the the the ability to to basically be remade right I mean you could take a gold bar you can Market all you want all you got to do is heat it up and melt it down and You've got completely untraceable element um you know that is bulletproof in a sense”
The Lummis-Gillibrand bill represents collaboration between Republican Senator Lummis (Wyoming, with substantial state-chartered financial services) and Democratic Senator Gillibrand (New York, banking hub) to protect their respective state financial institutions while co-opting the stablecoin market.
“it's it's Senators Lumis and Gilla Brand This is a Republican senator from Wyoming a Democratic senator from New York those are big banking Hub so New York obviously representing the big Banks but Wyoming has a lot of like State Charter trust companies State chartered banks that um actually are are very Wyoming is surprisingly heavy into financial services”
The derivatives market built on mortgage assets during the 2008 financial crisis reached an estimated value of quadrillions of dollars (synthetic CDOs, CDO-squared structures), creating systemic risk that threatened the collapse of major financial institutions and justified government bailouts.
“there had been trillions and by some uh estimates quadrillions of dollars of derivatives built upon the mortgage Market you know the synthetic cdos or the CDO squared or all all of this stuff was was was out there in the financial ether and it was threatening to collapse”
Bitcoin lacks a counterparty, has no 'triple ledger accounting' like blockchain systems, and has physical constraints on transaction throughput that may limit its utility as a peer-to-peer payment system outside traditional banking infrastructure.
“there are certain limitations with Bitcoin and you know what they call the base layer and the amount of like transactions it can handle and different things”
Peter Thiel is a major backer of JD Vance and founder/investor in Palantir, a CIA contractor specializing in surveillance data mining and algorithmic intelligence for the surveillance state.
“a big supporter he's a Libertarian type guy um but you know part of his libertarian belief system is that you know you should have the private sector doing a lot more things than what they are including the entire surveillance state right so so he's one of the main backers of of paler paler is a very shadowy company the the word paler it's from like a Jr tolken thing”
Central banks shifted from being net sellers of gold (post-1971) to net buyers in recent years, signaling gold's reintroduction as a monetary asset and creating fundamental demand that will support significant gold price appreciation.
“post 1971 central banks were net sellers of gold and now they're they're net buyers and you know this shift of the gold price being set by the east and by uh you know central banks and things you know I think it's a major shift that's just getting started”
Bitcoin and Ethereum ETFs are being used to co-opt alternative asset systems and bring them into the traditional dollar system, similar to stablecoin regulation, eliminating their function as genuine alternatives to the dollar.
“you're seeing things with with Bitcoin and ether ETF ETFs you're seeing this co-opting of these systems that had the potential to become alternatives to the dollar system and you're seeing them co-opt it and bring it into the dollar system”
Russia's suspension from the Bank for International Settlements after the Ukraine invasion was intended as a deterrent but backfired by demonstrating to other nations that the dollar system is vulnerable to weaponization and encouraging development of alternative trading systems.
“Russia was suspended from the bank for international settlements after they invaded Ukraine so they were kind of uh kicked out of this system um and kind of talk about it a little bit in quas like Russia kind of has a a key role they play and part of it is that they feel Unchained like they feel like we've gotten out of this dollar system and guess what it's not so bad right”
The reason central banks and financial authorities oppose Bitcoin is not primarily about terrorism financing (the stated justification) but because Bitcoin cannot be leveraged 40-to-1 like bank deposits, eliminating a major source of banking system leverage and profit.
“the fact that it's not on JP Morgan's balance sheet and they can't lever it up 40 to1 and that's that's the other issue they have with it so though used it as a boogeyman that this is going to be used to finance all this terrorism and everything um and that's why we have to regulate it and take control of it but I think kind of deep down in places they don't like to talk about at parties to take a line from A Few Good Men you know what they're really worried about is they're worried about it being an alternative to the bank like the whole banking system”
The Federal Reserve discontinued issuance of high-denomination U.S. currency ($500, $1,000, $5,000, $10,000 notes) in 1969 as a deliberate policy to force all major transactions through the banking system where authorities could monitor and control them.
“in 1969 the Federal Reserve discontinued the issuance of 500,000 5,000 10,000 uh paper notes right I mean when you think about how much a home cost in 1969 you could buy a nice home for $230,000 that's three pieces of paper you know three $110,000 bills and you know you could have that folded up in your sock and go buy a house with cash they they they knew they had to get rid of it”
T+1 (one-day) settlement in stock markets is deliberately maintained rather than advancing to T+0 (immediate) because the delay allows financial intermediaries to invest 'float' (customer money between purchase and settlement), creating significant revenue sources.
“we still have t+1 settlement in like the stock market like it used to be T3 when I started in the business meaning it took three days if you bought Apple to three days for you to actually settle then they changed it to T plus2 and then just a couple months ago they did t+1 well guess what they're never going to go to t0 because they need that they need these these assets floating around in The Ether because when they float in The Ether they control it”
If high-denomination bills still existed, a billion-dollar inflation-adjusted transaction (roughly equivalent to $100 million in 1969 dollars) could be completed with $10,000 bills fitting in a small briefcase, eliminating need for banking system involvement.
“well with $10,000 bills I mean you could fit a 100 billion into a small briefcase it would not be hard to to literally do a billion dollar deal inflation adjusted with with bills”
Bitcoin currently trades more like a risk asset (similar to Nvidia stock) than like gold, with high volatility and low correlation to gold, indicating it is not yet fully priced as a store of value.
“it trades a little bit more like an Nvidia or a risk asset then you know you know it it hasn't yet moved towards a correlation that's tight with gold which tells me that it's still not being fully priced as a store of value in the way that gold is a store of value”
Investors with 100% allocation to S&P 500 and NASDAQ are making a significant error, and those with only 5-10% gold allocation should substantially increase precious metals exposure given systemic risks.
“people that are just holding everything like oh I just have it all in the S&P 500 and qqqs like that's a big big mistake and people that think oh I've got a 5% or a 10% allocation to Gold I'm good I think they should really reconsider you know lifting that allocation”
Gold has provided equivalent or superior returns to the S&P 500 on an ex-dividend basis since 2000, making claims that gold 'doesn't do anything' factually incorrect.
“gold is not like some horrible asset that that hasn't moved I mean you go back to 2000 I think it's pretty much neck and neck with the S&P e x dividends um you know granted Dividends are important but it's not like it it doesn't do anything”
While Trump might make some helpful changes to monetary policy and possibly audit the Fed, significant systemic change will require Congressional support and long-term public pressure, not just presidential action.
“it would be great if Trump came in and maybe did a a massive audit of the fed maybe established a congressional commission to reexamine you know monetary policy in the United States and come out with recommendations of either you know a a a a new uh mission for the FED if not an outright you know abolishment of it”
The Great Taking concept (David Rogers Webb's framework) is well-researched and factually accurate in its legal analysis of UCC Article 8 provisions, even though the implications are startling.
“it sounds incredible that this is the situation um but this is the way they have legally set up our our Securities markets in some ways is this you know a mechanism by which the banks end up basically having a bail in of our assets yes that would be uh definitely one way to put it I think I think this is this is something that would be very attractive to hardcore uh Neo marxian type people”
Corporate media on both sides (Fox News and MSNBC/NBC) primarily protects corporate interests rather than serving the public, despite appearing to take different political sides.
“when I watch like let's say I watch uh see what's going on at the Republican convention on Fox News like I see that you know as a very much a propaganda wi Media Station right that that at the end of the day might talk a game on one end but they're really protecting you know corporate interests um you know in the in the same way that Ms you know NBC is do is doing that”
A balanced portfolio allocation of 25% real estate, 25% cash/T-bills, 25% gold, and 25% equities provides superior risk-adjusted returns and downside protection compared to all-equity portfolios, though current gold allocations (5-10%) are typically too low
“and I think you know Cash Gold And and land uh will definitely do well um and I think equities will do well for at least the next two two maybe three years but uh at a certain point they're going to have problems so I think people that are just holding everything like oh I just have it all in the S&P 500 and qqqs like that's a big big mistake and people that think oh I've got a 5% or a 10% allocation to Gold I'm good I think they should really reconsider you know lifting that allocation”
The monetary debt schemes dating to Hamilton's tenure as Treasury Secretary (where cronies bought Revolutionary War debt at 20 cents on the dollar and Hamilton restructured it to pay them full value) demonstrate a long history of financial elite capturing government power.
“I think when you look at some of the things that Alexander Hamilton did um when he was treasury secretary and what he did with first creating um you know the the Bank of North America which was our Central Bank basically under the Articles of Confederation and then the the First Bank of the United States which was our first official central bank and then the second Bank of the United States you know I think that there there were debt schemes back then um you know a lot of Hamilton's cronies bought up all of the US debt during the revolution for like 20 cents on the dollar and then Hamilton gets into the treasury and he he makes sure that he restructures it and pays off all that debt and they get made whole all of his New York City cronies”
Conservative thinking about Trump overestimates his ability to solve systemic problems through presidential action alone, underestimating the 'evil forces' arrayed to maintain existing power structures.
“if people have some belief that Trump's going to get into the office and be able to wave a magic wand and everything we just talked about is going to go away you know that's that's definitely not where I'm at I'm I'm at where these are massive problems and there's massive forces arrayed against them uh forces that uh you know dwarf in some uh sense even the presidency of the United States”
Precedent exists for Fed abolishment in U.S. history: Andrew Jackson eliminated the Second Bank of the United States, showing that central bank reform or elimination is politically possible.
“Andrew Jackson obviously got rid of the second Central Bank of the United States um you know so there there's a whole bunch of things that I think could start to happen in the right direction”
Russia's economy is performing better than many European countries and even China in some respects despite Western sanctions and exclusion from dollar-based systems, demonstrating that alternatives to the dollar system are viable.
“the stock market the ruble I mean you know the the Russian economy arguably is doing for example a lot better than than China um in in some ways better than a lot of European countries”
Eastern countries cannot trust holding US Treasuries as reserves because treasuries are electronically controlled and can be frozen by the US, incentivizing countries to shift to gold and alternative trading systems.
“and they're hastening other other bank other countries to say hey we we can't hold treasur because treasuries are electronically controlled and so they're able to see even though like you know you can't”
Treasury bills (T-bills) are likely to be paid and represent a safe short-term holding, but the opportunity to profit comes from buying assets (housing, equities) that get devalued during volatility spikes and eventually recover, requiring strategic opportunism and liquidity positioning
“I think T bills are they will be paid and I think if we see some of this volatility and we you know you're astute or quick enough to move in and perhaps buy some of these assets that get devalued that that eventually will go back up but whether that's housing or or the stock market”
Madison believes the NEO-Marxian authoritarian scenario is not a non-zero probability event but a realistic possibility given the existing legal framework and stated intentions of authorities, though he is 'very hopeful' it can be avoided.
“I think you know I I'm very hopeful that we're going to be able to avoid that scenario but I think it's within the Realms of possibility it's not a non-zero probability that we see some sort of a financial collapse and then the use of this great taking framework to attempt to put in some sort of an authoritarian Neo marxian New World Order”
A significant portion of the Republican party (the 'Mitt Romney Wing') opposes Trump and will not support efforts to reform the financial system or 'drain the swamp', limiting Trump's capacity to implement change.
“basically there's still a very large percentage of the Republican party that's essentially the Mitt Romney Wing that doesn't really like Trump um again places they don't want to talk about at parties they don't want him there um and so you know he doesn't have a lot of help to like fix all this right”
Vance's venture capitalist career was not substantive; he was primarily working on his book and building his political profile while Thiel provided 'play money' for Ohio investments as groundwork for a political career.
“what he was doing this whole time was laying the groundwork for his political career he was uh talking about his book um he was doing all that stuff it's not as if he he had this sparkling you know decades long career as an amazing venture capitalist and you can point to all these great companies that he invested in”
The entire financial system is built on controlling other people's dollars when they're not actively spending them—investing them, using them as collateral, loaning them out—and any system that escapes this control will face massive regulatory opposition.
“there's this whole financial system that's just built up on having control of our dollars when we're not kind of actively using dollars so that anytime we're not actually spending them they're investing them they're using them as collateral they're loaning them out they're constantly in need of our dollars and anything that that escapes that so I I do think that finding a solution that that that does that and run even if it's technologically possible they're going to pull out all the big guns to try to stop it with their regulatory armies”
Media coverage using religious symbolism and patriotic appeals to frame Trump as a messianic or divinely ordained figure is potentially manipulative propaganda, even if the underlying sentiment may be genuine.
“when I see people that are more or less speaking for God it does kind of raise that that spidey sense to say you know I don't know like I said it just kind of rubs me the wrong way like like this is a political speech this is a someone running for the Office of the President”
The Trump presidency faces a massive 'super tanker' of financial system problems set in place over at least 80 years (since Bretton Woods), meaning Trump cannot reverse course or fix systemic issues even in a four-year term.
“I think there's a lot of um the a lot of these forces are have been growing and been put in place um going back at least 80 years to bread and woods if not longer and that it's it's a massive super tanker in the ocean and and there's not a way to completely turn this thing around even in a four-year time period”
Trump's statement that he doesn't know 'what side God is on' (attributed to Tucker Carlson) is more intellectually honest than claims that divine intervention clearly favors one political candidate.
“I don't know what side God is on I mean Tucker Carlson said that one of his speeches you know I don't I don't know what side God is on you maybe he's on Trump's side maybe he's not I I I don't I can't speak for God”
The only viable solution to the financial system's structural problems is a rise in global and U.S. consciousness to the point where citizens understand these mechanisms intuitively and demand fundamental changes including possible Fed dismantling or Treasury reorganization.
“the only uh conceivable way out of it is for kind of the the the global and the US Consciousness to kind of rise to a level of really understanding this maybe not on all the details that we've gone into today but understanding it on an intuitive level which I think they're getting to and essentially demanding that you know changes serious fundamental changes be made whether that means a dismantling of the Federal Reserve or a complete reorganization of some of the treasur Department practices”
A financial crisis could create a choice point between a dystopian authoritarian path (using Great Taking to implement global CBDC and NEO-Marxist restructuring) and a positive path toward fresh economic systems based on different principles.
“if we have a financial crisis that people begin to see we could be going down this really bad dystopian path or we could start off you know fresh with something better and you know there's going to be evil forces that want to keep their power on one side and then there's going to be people that understand what's going on on the other and I think it's going to be a battle”
Holding assets outside the traditional banking system (physical gold, silver, land, real estate) with minimal counterparty risk is the optimal personal financial strategy given current systemic risks.
“I think you know I I completely agree of having assets outside the system that have you know the the minimal amount of counterparty risk associated with them I think is the best possible way to to move forward in this”
Practical financial preparation (asset consolidation, portfolio rebalancing, careful review of family finances) is more important than debating the fine details of systemic collapse scenarios, even though understanding those scenarios is valuable.
“these are really fascinating big picture things but don't Focus so much on the big picture that you're you've neglecting some of the Practical things in your own life uh and you've just said well I'll get to it later or we're not there yet you know take a look at your own finances”
Palantir is a shadowy company named after the all-seeing stones from Tolkien (which could see anywhere and could make other stones see wrong things), and serves as the data mining, algorithms, and AI infrastructure for the CIA's surveillance state.
“you look at somebody like a Peter teal who's a big supporter he's a Libertarian type guy um but you know part of his libertarian belief system is that you know you should have the private sector doing a lot more things than what they are including the entire surveillance state right so so he's one of the main backers of of paler paler is a very shadowy company the the word paler it's from like a Jr tolken thing it's like it it comes from like a word which meant like these secret stones that could see anywhere in the world at any point in time and they also had the power to make like other people's secret Stones see the wrong thing you know and and so so like this this paler is a lot of the you know it's the data mining the algorithms the AI for the surveillance State for the CIA you know like so they like a big contractor for paler is the CIA”
Real estate and stock markets will likely continue appreciating for 24-27 months before a volatility crisis occurs, with S&P 500 potentially reaching 7,000 and NASDAQ continuing upward, representing a bubble phase before correction.
“we still are seeing this um I think bubble phase growing in certain Financial Assets in in the stock market I think that still probably has room to go until the 26 2728 type time frame that I've mentioned so I wouldn't be surprised to see the S&P at 7,000 in you know a year or two”
Land in North Carolina (and similar regions) can still be purchased for $5,000-$10,000 per acre in non-arable areas, providing an accessible way for ordinary investors to diversify away from financial system assets.
“there's there's land out there so land gold silver um Platinum to a lesser degree uh I think are all good things I think that if if Bitcoin fulfills its promise it has potential but I think it's still a little bit unproven and I think it's it's still going through a price kind of Discovery phase”
We live in a fantasy world where reality has been destroyed and probabilities are overwhelmingly on gold's side for value increase in the current environment.
“we live in a fantasy world now reality has been destroyed this is the time that we really need to pay attention the probabilities are overwhelmingly on Gold's side that is the best environment to see gold increase its value”
JD Vance has said many right things but his history and connections raise concerns; Peter Teal has been instrumental in his career development (bringing him from Yale law to Silicon Valley, financing his political groundwork in Ohio), raising questions about Vance's true allegiances.
“I think there's been some things with the addition of of JD Vance who I think says a lot of the right things but then when I look at his history raise some eyebrows of of some of his connections and and different things um that give me a little bit of cause for concern”
Trump may have selected Vance deliberately as a way to secure funding and support from tech titans and wealthy backers, recognizing that tech/money influence determined outcomes in 2020.
“I think Trump felt underfunded in a sense in 2020 I think he saw the impact that Tech Titans like Zuckerberg had on the election that big money from people like Soros had on the election and I think he recognized that he needed if he's going to go out there and kind of slay the dragon he needs some of that big money too and I think one way to cement getting that some of that big money was the JD Vance pick”
Markets have experienced 50% drawdowns before (COVID, 2008) and recovered, but a financial collapse driven by derivatives failures would be worse than those events, though Madison believes authorities have recovery plans for 'Plan A' (volatility), but a more catastrophic Plan B scenario exists.
“like like they've they've handled those types of storms before and gotten through it I think this would be worse than those but I think in their mind they can kind of get through it somehow um we will we will see I think they have a plan B that's also in place for the worst case scenario which is that they're not able to kind of get through it and everything that just starts literally crashing where we're talking about you know massive bankruptcies of the large financial institutions”
Gold could appreciate to $10,000-$15,000 per ounce within the next decade, which is not unreasonable given that gold rose from $35/oz in 1971 to over $800/oz in the 1980s, demonstrating gold's capacity for 15-20x moves.
“like 10 15,000 you know an ounce within the next decade you know to me does not seem unreasonable and it's definitely not anything that we haven't seen before we saw gold go from $35 an ounce in 1971 to over 800 an ounce in the 1980s so you know we've seen gold make these spectacular uh 15 20x moves before”
The podcast provides general informational purposes only and should not be taken as investment advice; listeners should educate themselves and make their own decisions.
“this podcast is for General informational purposes only nothing on this podcast should be taken as investment advice guests on this show are not compensated for their appearance listeners are urged to educate themselves and make their own decisions”
Madison is a self-described Trump supporter who bought his first MAGA hat in 2015, but views Trump as 'hope not as a savior', acknowledging Trump has personal flaws and limitations.
“in full disclosure I'm a Trump's supporter um bought my first Maga hat in 2015 so it's it's it's been a while um and and i' I've seen him as uh you know as as a hope not as a savior at all um he he is a man he has his issues”
Mel Madison published a novel called 'Quas' that is available as ebook, paperback, and audiobook through Simon and Schuster distribution to major retailers.
“quas Financial Thriller if you search that or go to my website you'll find all that information”
Madison has personally increased his portfolio allocation to mostly precious metals and real estate while maintaining some stocks and cash, indicating confidence in his systemic analysis.
“that's that's what I've done a little bit with with my portfolio is definitely mostly precious metals and real estate but I do have you know some stocks and cash as well”
Madison wrote 'Quasi' (a financial thriller novel) to explain financial system mechanics and risks in narrative form that is more accessible than technical analysis.
“you could consider taking a look at quas they might find that interesting of course um as far as more serious topics are concerned”