Kip Herriage joins Charles Payne on Making Money to discuss "The Big Bribe," a critical financial phenomenon impacting American households. They explore how shifts in U.S. monetary policy and currency dynamics are creating a generational opportunity for wealth creation. Kip highlights the importance of moving from cash and money markets to hard assets like equities(stocks), real estate, gold, silver, and of course Bitcoin, emphasizing innovative investments like Tesla. Tune in for a candid conversation on navigating today’s markets and building lasting wealth.

Charles Payne [00:00:00]:
All right, folks, my next guest says that the big bribe, folks, he’s, he’s calling it the Big Bribe, sounds nefarious. He’s on it though. I want to bring in Vertical Research Advisory managing partner, Kip Herriage. Kip, the Big Bribe. I mean, I’m like, what’s going on right now? Of course, I want to let the audience know you initially posted and talked about this in August of 2022, but it’s here now. What is the big bribe?

Kip Herriage [00:00:25]:
Charles, thanks. Good to see you, man. Three years ago, you’re nice to have me on the show for the first time after my oldest son and I, Tyler, my business partner, wrote that book, the Big Bribe. It’s the first time we talked about on your show and what it is, it’s really goes back to 1913, the Federal Reserve. It goes to 1971 with Nixon and the gold standard and the US dollar and really announced. We think it’s come full circle. Listen, four decades ago, it took one income to bring home enough money to raise a family, put them through college. Now it takes at least two.

Look, the American household has been destroyed by the destruction of, destruction of our currency. Well, now we think we have the stars aligned here where these come full circle. And maybe for the first time in a long time and maybe for the next five to 10 years, we have an opportunity here to see real wealth being accumulated in the stock market, in the housing, in gold, in silver, and in Bitcoin, etc. In real assets.

Charles Payne [00:01:17]:
Right.

Kip Herriage [00:01:17]:
But you’ve got to get your money out of money markets and out of CDs. Cash is going to be trash. We think there’s an opportunity for a melt up here in a generational bull market. Charles.

Charles Payne [00:01:25]:
All right, so we’ve got this here. Okay, so money markets out. We just saw, of course, I, I think they were like 2 went from 2 to 7 trillion, maybe 9 trillion by some counts. Trillions of dollars sitting there. You say get it out there, get it out. Get it out of CDs. And you want to own things, equities, gold, silver, bitcoin, homes. You want to own these sort of tangible assets because essentially you’re saying you’re owning inflation.

Kip Herriage [00:01:49]:
That’s right. And now we have the right president at the right time for this. The Trump economic miracle is in place. We had the innovation revolution and we have an ocean of liquidity in addition to all that money in money markets. We got into money supp at all time highs. We have a record $34 trillion sitting in home Equity, as rates come down, that’s going to continue to flood into all these assets. That’s the bottom line, America. And the world is waking up that they’ve got to get their money into hard assets, into real inflationary assets to take advantage of this very unique situation we live in today.

Charles Payne [00:02:20]:
Kip. Now here’s the thing though. Right now you get a lot of folks are saying gold, you may be too late on. Let’s just go back a couple of years. Well, let’s go back to 20, 24. These, these dark blue lines, folks, that’s the U.S. north America. We were selling, we were selling, we were buying a little bit, you know, but mostly selling.

Charles Payne [00:02:36]:
And then all of a sudden we’re trying to catch up here. But we’re buying a ton now, right? This is huge. But we’re buying it at $4,000, $40,000. Right. So do you feel like this part of the trade is more of a catch up, people chasing it, or is this still part of the fundamental value proposition?

Kip Herriage [00:02:56]:
It’s a great question. Look, it’s just like always, you know, people love to buy at a top. But we’ve been buying gold since 2003. We’ve been REC that people save in gold since 2003. We’ve had any number of financial planners tell us how irresponsible that is. Well, let me tell you real quick. $100,000 in gold in 2003 is worth over $1 million today. That same hundred thousand dollars in the money market after inflation is worth about 70,000 today.

So who’s, who’s irresponsible after that? But today, listen, we’re seeing now honest price discovery. Charles, maybe for the first time in a long time, something very important happened in 2000 after the Great work of Garda, the gold antit committee, JP Morgan was taken to court and they lost a $920 million federal court case where they were found guilty of manipulating gold and silver prices lower for many, many years since then. Gold bottom that year at $1400 is now up 188% in the years that have followed. I don’t think that’s an accident. I think we’ve honest price discovery for the first time is back in place. Gold should have been $4,000 ten years ago. Gold should be $10,000 today. We think it’s going a lot higher.

Charles Payne [00:04:03]:
Hey, before I let you go, I know you repeated repeated Tesla recently again. It came right off, made a huge move. Obviously these are the kind of moves that Tesla is known to make. I was reading your note because you’d like this long term, what’s your ultimate target on Tesla?

Kip Herriage [00:04:19]:
Well, our long term target is going to be like 10,000. Okay. We’re talking about, you know, 10 years from now.

Charles Payne [00:04:25]:
We’ve got to talk about that. So it’s around 430 bucks now. 10,000, that’s a what takes it there.

Kip Herriage [00:04:34]:
And there is no company like Tesla. There’s just no. There’s no person like Elon Musk. There’s no company like Tesla. The innovation revolution that we’re in right now is going to last for decades. This is the one stock to own for it. It’s about Optimus Robotics. It’s about Robo Taxi.

Say goodbye to Lyft and Uber. They’re in big trouble. If you haven’t driven the new Tesla FSD14FS, Full Self Driving version yet, go down and take a test drive and watch this car drive you all over the country, which is what it’s doing in my car right now. It’s unlike anything you’ve ever. And next year, Robotaxis will be all over the country, all over the planet, taking over the world. Charles. And again. Tesla Energy. Tesla AI. I can keep going if you like. There’s about 10 divisions here. They’re going to change the world in the next decade.

Charles Payne [00:05:17]:
Kip, man, I tell you, you’ve got tremendous foresight. We appreciate it, man. You’ve done, you’ve done extraordinarily well. Thank you.

Kip Herriage [00:05:24]:
Thank you, Charles.