Silver to $39.50: Up 9.4% Past 30 Days
Remember Ross Perot? The businessman who showed up with charts, warning America about our dangerous debt trajectory? Now Elon Musk is channeling that same energy — but with 10x the influence and a very real threat that could reshape American politics.
In the latest episode of The GoldSilver Show, Mike Maloney and Alan Hibbard break down Musk’s explosive tweets about forming “The America Party” and what the just-passed “Big Beautiful Bill” means for your financial future.
The $4 Trillion Question
On July 1st, the Senate passed what might be the most fiscally irresponsible bill in American history. The numbers are staggering:
- Tax cuts: $4.5 trillion
- Spending cuts: $1.2 trillion
- Net deficit increase: $3.3 trillion (before interest)
- Total new debt with borrowing costs: Nearly $4 trillion
Mike’s reaction? “The numbers are so big, it really doesn’t mean anything anymore. And eventually you end up with a crumbling of society and things have to sort of crash and start over again.”
Elon’s Ultimatum: The Birth of a Third Party?
Musk’s response was swift and unequivocal. “If this insane spending bill passes, the America Party will be formed the next day,” he tweeted on June 30th. The bill passed. Now what?
According to Polymarket, the odds of Musk creating a new political party by December 31st have jumped to 46% — essentially a coin flip.
But here’s where history offers a warning. The last time a prominent businessman created a third party to challenge the establishment, it was Teddy Roosevelt in 1912. The result? The vote split, Woodrow Wilson won, and America got… the Federal Reserve.
The Chart Politicians Hope You Don’t See
Perhaps the most revealing moment in the discussion comes when Alan presents a series of charts showing the national debt colored by political party. There’s no pattern — debt explodes under both Republicans and Democrats.
But then he shows the same chart colored by monetary system:
- Gold standard era: Minimal debt growth
- 1913 (Federal Reserve creation): The hockey stick begins
- 1971 (Nixon abandons gold): Debt goes parabolic
“This is not about red versus blue,” Alan explains. “It’s about gold versus green. What is the color of your money?”
The pattern repeats across multiple metrics:
- Consumer prices were at their lowest in American history in 1913
- After 130 years of gradual price decreases, the Fed’s creation marked the beginning of permanent inflation
- The Fed’s mandate of “price stability” has resulted in a complete failure
The Uni-Party Problem
Musk’s core complaint resonates with 80% of Americans, according to his own Twitter poll. When asked if it’s time for a new party representing “the 80% of people in the middle,” an overwhelming majority said yes.
“They just pretend to be two parties,” Musk tweeted. “It’s just one uni-party in reality.”
The evidence supports this view. Whether looking at debt, spending, or monetary policy, both parties have followed the same playbook for decades—print, spend, and kick the can down the road.
Mike, who’s met Musk several times as an original Tesla owner, sees a businessman unafraid to challenge the system — someone who ‘doesn’t have any filters’ and shows ‘exactly who he is right to the core.’
Trump’s Revealing Response
Perhaps most telling was Trump’s reaction to Republicans who might oppose the bill: “For all cost-cutting Republicans, of which I am one, remember, you still have to get reelected. Don’t go too crazy.”
This prompted Luke Gromen to share a quote that perfectly captures the political dilemma: “We all know what to do. We just don’t know how to get reelected after we’ve done it.”
As Mike points out, Trump is in his final term and can’t be reelected — making his choice to expand rather than contract spending all the more puzzling.
Why Gold and Silver Win Either Way
Throughout the discussion, one theme remains constant: regardless of whether Musk creates a third party, whether Republicans or Democrats win, or whether we get reform or more of the same, precious metals benefit.
“This kind of stuff just causes another big bubble that then causes another big crash,” Mike explains. “But either way, it causes gold and silver to rise.”
The reason is simple: the monetary system itself is broken. As Alan emphasizes, “If you fix the money, you fix so many of the problems in society.”
The Path Forward
Mike and Alan agree that the solution isn’t necessarily a new political party — it’s a return to honest money. “Stop using just a currency and use a currency that is also money,” Mike argues.
Until that happens, the pattern will continue:
- More spending bills
- More debt
- More money printing
- More inflation
- Higher gold and silver prices
Watch the Full Discussion
This summary only scratches the surface of Mike and Alan’s fascinating conversation. In the full video, they dive deeper into:
- Historical parallels with Rome’s currency debasement
- Why Mike hasn’t voted since Ross Perot
- The role of AI and robotics in potentially achieving Trump’s promised “10x growth”
- Specific investment implications for precious metals investors
As we stand at this crossroads of American politics and economics, one thing is clear: the decisions made in the coming months will have profound implications for your wealth. Whether Elon Musk follows through on his threat or not, the fundamentals that drive gold and silver higher remain firmly in place.
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