November 4, 2025 • 47 mins
Andy Schectman, President of Miles Franklin, returns to the Friday Night Economic Review. We discuss unprecedented advice from the world’s largest institutions signaling a hard pivot to gold—the first time in history they’ve issued guidance like this. We also explore Bitcoin, crypto, and their potential role in the emerging reset economy.
Invest in Gold and Silver with a company you can trust, learn more at https://SarahWestall.com/MilesFranklin
See exclusives and more at https://SarahWestall.Substack.com
Invest in Gold and Silver with a company you can trust, learn more at https://SarahWestall.com/MilesFranklin
See exclusives and more at https://SarahWestall.Substack.com
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
Hi, everybody, it's me Cinderella Acts. You are listening to
the Fringe Radio Network. I know I was gonna tell them, Hey,
do you.
Speaker 2 (00:14):
Have the app?
Speaker 1 (00:15):
It's the best way to listen to the Fringe radio network.
Speaker 3 (00:19):
It's safe and you don't have to log in to
use it, and it doesn't track you or trace.
Speaker 1 (00:24):
You, and it sounds beautiful. I know I was gonna
tell him, how do you get the app? Just go
to fringe radionetwork dot com right at the top of
the page. I know, slippers, we gotta keep cleaning these chimneys.
Speaker 4 (01:00):
There was what's called a sixty forty rule. Sixty percent stock,
forty percent bond, put it into a managed portfolio and
retire happy. Now since nineteen eighty two, infistrates a fallen
at a forty five degree angle. Anyone who did that
did great, right. Bonds go higher as rates go lower,
(01:21):
stock market goes up as rates go lower. It was great.
Everyone was happy. He came out and said, now, this
is the chief investment officer of Morgan Stanley. He says, no,
it's time to sell half your bond holdings and go
sixty twenty twenty sixty stock twenty bond twenty percent gold
really the cheap Investment Officer of Morgan Stanley.
Speaker 5 (01:42):
Now just a quick break from the program to share
with you advanced nerve support. If you're struggling with pain
and tingling in your feet or your hands, you may
really benefit from this. They've spent over three decades looking
for a solution that can be as effective as what
they think. They found this tiny little seed that Big Pharma,
(02:03):
of course does not want you to know about because
it cuts into their profits, but it's been so effective
for people. There's a doctor, a maverick doctor. Anybody that
was against Big Pharma is a maverick and they have
found something really effective.
Speaker 6 (02:17):
And if you again, if you.
Speaker 5 (02:18):
Were having pain in your feet, numbness, tingling in your hands,
you really should try this. Go to my primal dot
life slash Sarah or use the QR code on the
screen or the link below again my Primal dot life
slash Sarah.
Speaker 6 (02:42):
Welcome to Business Game Changers. I'm Sarah Westall.
Speaker 5 (02:45):
I have Andy Sheckman back for my Friday Night Economic review,
and boy has there been a lot going on. Gold
is up by sixty six percent this year and they
just had a pullback. I guess it dropped by five
point seven percent in day, I think an overall drop
of six point three percent, and people are all scared.
I just think that's a small adjustment to correction in
(03:09):
a large increase over the year, and it's.
Speaker 6 (03:12):
Gonna keep going up.
Speaker 5 (03:13):
He's gonna tell you share some information on what the
biggest industry players are saying, first time ever in history
that they've come out and are talking like this, and
so you'll hear some of that, and we just talk
about also the backdrop of the global economic system.
Speaker 6 (03:30):
He believes we're already in the.
Speaker 5 (03:32):
New system, and what does that mean and how do
you diversify yourself and protect yourself against whatever's coming down
because we do in the United States and the world
is really unstable right now and things are moving in
a very strong gold backed and crypto back fashion. I
think both are going on. And what does that mean
(03:53):
to you and how can you protect yourself? Number One,
people are saying you need to get into gold to
a certain extent, you need to get into assets that
protect your wealth, and gold and silver is one of
the best ways to do that. And if you are interested,
you make sure you use a company you can trust.
(04:13):
So many companies out there have proven to be untrustworthy
because they're taking people's life savings.
Speaker 6 (04:19):
If you have people, I've seen it first.
Speaker 5 (04:21):
I've had hundreds of people come in because we've been
helping people get their life savings back investing their rays
in these companies. They've take something like a million dollar IRA,
convert it to a gold diarray and it's worth three
hundred four hundred thousand.
Speaker 6 (04:36):
It's because they're charging you a super.
Speaker 5 (04:39):
High premium, so they're telling you it's investment grade when
it's not.
Speaker 6 (04:43):
When you should be getting.
Speaker 5 (04:45):
Gold or silver that's very close, maybe a two percent premium,
so it means that it should be very close to
what you're putting into it. And then if it goes
up by fifty sixty percent. So if you put in
a million dollars and it goes up by fifty percent,
you should have one point five million dollars worth of gold.
Some people are still sitting under water with five hundred
thousand of gold. That's a million dollar sway on a
million dollar IRA investment in one year, in not even
(05:09):
a full year. That's the kind of fraud that we're seeing,
and you need to check your investments. Make sure you
weren't caught up into some of those scams. It is very,
very broad and wide, and so many people have been
caught up into it. And how you can do it
is just go to find out what you've got in
value when you purchased it and what they'll buy it
(05:30):
back as and you might be amazed at how much
how little it's really worth because they hose you.
Speaker 6 (05:38):
If they did, we might be able to.
Speaker 5 (05:40):
Get your life savings back. Go to Sarahestall dot com
slash Miles Franklin. Fill out that form and they have
had great success in most cases of helping people get
their life savings back. Also, if you're interested in investing
your IRA and somebody you can actually trust, fill out
that form and you can get access to the private
(06:01):
priceless so Sir Westall dot com slash Miles Franklin.
Speaker 6 (06:05):
Okay, let's get.
Speaker 5 (06:06):
Into my Friday night Economic review with Andy Sheman.
Speaker 6 (06:11):
Hi, Andy, welcome back to the program.
Speaker 4 (06:14):
Sarah, good to be here. It's good to be back.
Thanks for having me.
Speaker 6 (06:18):
Yeah, you had a good vacation, which I'm kind of
jealous of.
Speaker 4 (06:22):
Yeah, actually it was really I was gone for a
long time, but Honestly, I think I worked every single day.
I was in Aruba for nine days, maybe saw the
beach literally a total of two hours. It was the
craziest couple of weeks of all time. This market is
it's interesting to say the least, but you know, a
(06:43):
market that has continued to move up and up and
up and up, other than the last two days, which
is I certainly think been some form of shock and awe.
It's been crazy and people are beginning to wake up
I think to what's happening around the globe, and I'm
more concerned value keeping their money and dollars. It seems
more like a melting ice cube these days than a currency.
Speaker 5 (07:06):
Well, it's gone up what sixty six percent this year,
and then it dropped six point three percent, and people
are kind of freaking out. But that's just a slight
correction on a massive increase over the year.
Speaker 4 (07:18):
Totally, it is, and in many ways, however, it's a
very very very big move. In fact, it fell by
five point seven percent. As you said, it's the making
it the largest one day drop in twelve years. It's
called a This is a four point five sigma move,
(07:42):
which is just a fancy way of saying that such
a large move only happens one out of every two
hundred and forty thousand days in a normal world. It's
very unusual to what We're sorry, no question about it.
Speaker 5 (07:55):
You're thinking big players did some kind of move to
make this happen. It wasn't organic by all the different
little investors. There are some wall players that did something right.
Speaker 4 (08:07):
I mean, you know, it's it's like this trader, whoever
it was, whichever entity did this, if it were a
real trader, they would be fired and shot, and probably
not in that order. Because there was a massive man
and I mean a huge dump of metal paper, metal
(08:27):
onto the market, and probably the most inopportune, thinly traded
market you could ever ask for. It was certainly not
done in an effort to maximize return on what they
were selling. In fact, it was quite to the contrary.
The interesting thing about it is that last night, and
(08:48):
this is again after New York is closed, in very
thin trading, the price of gold gets hammered, falls by
I don't know over one hundred dollars, and silver got
smacked as well. But what was very interesting thing is
shortly thereafter there was a tremendous amount of buying. Now,
who those buyers are, I have no idea, but I
can tell you that silver actually went positive and gold
(09:10):
pared back to the majority of its losses. Now you
could call that short covering on older commercial bank positions.
You could call that, as Jimson Claire, my old friend
god rest Is Soul used to say, mope, management of
perception economics at a time when you know things are
crazy around the globe and Europe is yelling at us
(09:33):
for what's happening with our dollar. With again, we're seeing
problems with the regional banks, and all of a sudden,
we're beginning to see stress in the system with the
overnight repo market and all centered around primarily centered around
a commercial real estate, but also exposure exposure to failing
(09:56):
private equity firms that are also closely tied to the banks.
There's all of this stress happening. At the same time,
we're getting all sorts of publicity in Reuter's, in Bloomberg,
in all of the mainstream media talking about the allure
and the positivity of gold, and I think you have
some very large players who don't like that very much.
(10:19):
Whether they be trying to cover their positions, whether they
be trying to accumulate whatever it is. This was a
coordinated drive by shooting in the most inopportune possible time
to maximize return on the sale. This is not how
normal markets behave and nor how anyone with half of brain,
even one brain cell would sell a position that large
(10:39):
by dumping it all at once when New York is
closed in an effort to maximize the downside effect. But
there was someone on the other side waiting to scoop
up a large portion of it. Again, the physical buying
and the paper market are wrestling, and I think it's
very difficult to win this paper game when the physical
market is a serious as it is as to take
(11:02):
possession and they fall in market.
Speaker 5 (11:04):
Well, when the gold is up by sixty six percent
for the year, this is that's not just a small correction.
So but to them it was probably a major dump.
I mean, they're going to have to do a succession
of dumps like this, and I don't think the appetite
in the environment is right where they're going to get
this to hold well.
Speaker 4 (11:24):
They haven't been able to. But you know, again, to
see a market that had moved up where we blew
through two thousand, never retested it, blew three thousand, never
retested it, blew through four thousand and still yet haven't
retested it. We might to see a pullback of twenty
thirty percent, even within the context, and you're in, as
(11:45):
you eloquently mentioned, silver up almost seventy percent, gold up
over sixty. Yeah, to see a correction is normal. Markets
don't go straight up, no matter how bullish, and there
are far reaching consequences for gold going so much higher.
The fundamentals behind gold's rally are only intensifying. They're not
(12:08):
getting any better. But that point, you know, when you
have a market Sarah that's been established for years based
upon paper promises and very little delivery requests, it's easy
to play the game. But when all of a sudden
confidence collapses in the promises of delivery and in the future,
and redemption require a redemption request exceed rolling over the
(12:31):
contracts into the future, you have a problem. In other words,
people say give me the metal now, and what we've
seen for the better part of almost three weeks is
something called backwardation, and backwardation is something you rarely rarely
see in silver. What it means is a normal market
behaves in a condition called contango. Entango means you buy
spot whatever, corn, wheat, oil, gold, silver, whatever commodity. Spot
(12:56):
is today's price. The future's price, whether it be one month,
five months, six months, whatever, a year, always is a
higher price because it accounts for the cost of money,
interest storage, the time value of money. So the price
is always higher in very unusual times like right now.
Backwardation which and for an extended period of time and
(13:19):
very large for the last few weeks. It's narrowing a bit.
Means that the traders right now say you know what,
I want it now, and I'll pay more now than
I will out into the future because I don't trust
that i'll get that metal or that corn or that
oil out into the future. It's incredibly bullish. Actually. It
just shows that the physical demand is far greater than
(13:41):
the willingness to accept promises on paper out into the future.
It's very rare. Something we've seen now for about three
weeks as well.
Speaker 5 (13:49):
Yeah, it's pretty incredible. What do you think the continued
shutdown effect is? I mean we're going on twenty three
twenty four days now of the government shutdown.
Speaker 6 (14:01):
Is how is that impacting.
Speaker 4 (14:04):
Well, I think one of the things that we're seeing
a lot of talk of and I wanted to put
my glasses on to read something to you here that
to me, kind of underpins the ramifications of things like
a government shutdown, but also how dire things are in
this country before I do that right now, for every
(14:29):
ten people in the United States, one of them is
a government employee, five of them are unemployed, and four
have productive jobs. That means four out of ten people
produce everything and everyone else just consumes. Now, some of
these people are retired and some of them are too
young to work. But the point of it is is
that we don't have many people pulling the wagon. And
(14:50):
when you talk about government jobs, they're not producing anything.
They don't they use the taxes that we get of
them to do things and not producing anything. The production
is what provides the taxes. With that being said, approximately
one in three Americans received government assistance in twenty twenty two,
(15:11):
nearly half of them all being children, benefiting from at
least one program. More specifically, currently about twelve and a
half percent of the population receives food stamps. Roughly twenty
percent of that population receives or lives with someone who
receives benefits from programs like SNAP, which is a food
stamp program. One in three Americans, about thirty percent of
(15:33):
the population, has participated in social safety net programs. And
so basically what I'm getting at is that there is
actually about a thirty or thirty five percent odds, and
there's actually sites out there that are quoting these odds
that the food stamp program doesn't get funded because of
(15:57):
the stalemate between the Democrats and the Republicans, where the
Democrats say, we're not gonna We're not going to refund
the government unless you provide healthcare to illegal immigrants. Now
I don't know, I mean, that just seems kind of
silly to me. And I don't want this to turn political,
but it would seem it would be more relevant to
take care of the people in this country than the
(16:18):
people who are here illegally, the citizens of this country
who for whatever reason, are less fortunate. But it's a
big number. And Gerald Celente is famous for saying, when
people lose everything, they lose it, and God forbid, you
have a you know, twelve percent of the country wakes
up to no food stamps and an inability to eat
(16:40):
and this this partisanship is just it's got to end.
It's just been NonStop now for so many years. It's
just it's disgusting. And I don't know, I think they
would push.
Speaker 6 (16:51):
It that far.
Speaker 5 (16:52):
We people believe there's many people that believe that they're
trying to create a civil war kind of environment.
Speaker 4 (17:00):
Feels that way.
Speaker 5 (17:01):
If you keep people from being able to get food stamps,
that would trigger a more serious situation.
Speaker 6 (17:07):
I mean that, yeah, you know.
Speaker 4 (17:10):
One hundred, one hundred percent, Sarah, And.
Speaker 6 (17:15):
I don't know, it's like, wow, another job. If they
do that, that would be me dropping my job, Like wow, you.
Speaker 5 (17:22):
Know, they there's always something they keep doing that. I'm like,
I like, wow, I can't believe they took it that far.
Speaker 6 (17:29):
They did that, it would be a while for me.
Speaker 4 (17:32):
Well it's been closed for a while now, and you
wonder how far they will take it. And this is
I'm not sure the exact day, but that that dropped
dead date for the food stamps. It's coming up soon
and you're seeing it if you try to travel, TSA
has a great shortage, and you know, there's it's a
very big deal. But the bottom line is is that
(17:54):
you know, we're thirty almost thirty eight trillion dollars in debt,
which excludes all the off balance sheet entitlements Medicare and
Medicaid and social security, the government military pensions, and at
some point we can, I mean, we just continue to
raise the debt ceiling like it actually is meaningful. It's
it's embarrassing, is what it truly is. Our fiscal irresponsibility
(18:17):
is caught up with us. And at the same time,
political partisanship has never been more grotesque and more at
odds with one another. So yeah, it feels like you
could when you start to see you know, ice agents
being shot at for doing their job for the you know,
for taking people and bringing them out of this country
(18:37):
when they are here illegally. Now, not everyone that is
here illegally is a bad person. It's not what I'm saying.
But what I am saying is that there are rules
in their laws, and you know, at some point, that
is what our culture is based upon. That's why we
have been the greatest country in the world forever, because
we have a system of an equal system of justice.
(19:00):
And you know, during the previousdministration, there was a perception
of two tier status of justice. We've had immigration laws
that welcomed everyone if you come and do it the
right way, and all of these things that we've talked about.
It just seems that half of the government wants to
focus on this and have wants to not And I
don't know how it ends, but it's certainly kind of
(19:21):
ugly already.
Speaker 5 (19:23):
Yeah, it'll be interesting how it ends. And I, like
I said, if the analytic go that far, that this
person sitting here will be a little bit shocked because
that's taking it further than I It just that's taking
it further than I would think that they would take it.
Speaker 6 (19:38):
But I've they keep shocking me with stuff that they're doing.
Speaker 4 (19:43):
Yeah, I mean one should have nothing to do with
the other. And how can we continue to provide healthcare
for people who do not contribute to the system, who
didn't do the right process of immigration. And all the
people who come here seeking asylum, how many of them
really came here seeking asylum and just took advantage of
the situation of the open borders. Again, I don't want
(20:07):
to be disrespectful, I don't want to be cold hearted,
because there's always a story of people who have real
life tragedies. But the fact is is that we're we
are doing this now at the expense of people in
this country who maybe really are down on their luck
and are taking, you know, using these these subsidies to exist.
Speaker 2 (20:32):
Do you think it's something?
Speaker 5 (20:34):
Do you really believe that half the politicians believe that
they want to fight for people who are not citizens
of this country and allow the citizens of this country
to go without To the degree.
Speaker 4 (20:45):
The part that bothers me more than anything, it's that
the rest of them who don't feel that way are
too chicken shit to stand up for what is that's right?
And that's the problem. It's like during the during the
State of the Union address, when you know, the child
of the parent that was sitting up there who was murdered,
(21:07):
you know, the whole Republican side stood up. None of
the Democrats stood up. Or the little boy who had
twelve or thirteen surgeries of brain cancer and was given
you know, the honorable honorary secret Service batch the Democrats
didn't stand up. It's like, where is common decency that's right?
(21:28):
I don't know, you know, And that's why I try
to say it that I'm.
Speaker 5 (21:31):
Not Why isn't there like one that stood up just
to show I don't you know at the end of
the day, this is kind of cool.
Speaker 6 (21:38):
Let's cheer on this little kid. It's like, what the hell.
Speaker 5 (21:42):
Just a short break from the program to share with
you an amazing peptide to help you lose weight. It's
stronger than ozempic and why it's because it not only
reduces your appetite, but it also burns fat. These other
glp ones on the market, they do not burn.
Speaker 6 (21:56):
Fat, They just reduce your appetite.
Speaker 5 (21:59):
This one, at a true tide, is stronger. It's considered
a next generation peptide because of that, And man, does
this work. I've been using it for two and a
half weeks and I've already lost eleven pounds.
Speaker 6 (22:11):
And I cut my dose in half.
Speaker 5 (22:13):
Because I was losing weight too quickly, and that kind
of freaked me out, to be honest, And so I
also am taking this five amino one MQ in capsule form.
This helps by making sure that you lose fat, not muscle,
and so in conjunction, I'm using both of these. This
will work whether you have this or not, and I
am telling you it's amazing. If you are interested in
(22:37):
getting this. I have the link below, or you can
go to sarahwestl dot com. On the shop you can
use a coupon code Sarah to save ten percent. If
you have questions about your own use, you should either
consult your doctor or you can join doctor Diane's tribe,
and I have a link below to that.
Speaker 6 (22:52):
It is only a dollar for the first week. You
can ask her any question.
Speaker 5 (22:56):
You want and get all your answers to this how
to take an injectable, and there shouldn't be any fear
in doing that.
Speaker 6 (23:02):
It is easy and straightforward.
Speaker 5 (23:05):
Go to Sarahessel dot com undershop are use the link
below and remember to use coupon code Serah.
Speaker 4 (23:11):
Well, but that's and that's it's that ideology that is
now creating a stalemate in reopening the government, and there
are consequences for that, real life consequences for that that.
I don't know how this all plays out, but as
you have all of these things happening, I do believe
that my friend Jim Sinclair used to say, mope management
(23:34):
of perception economics. I do believe that there are powers
that be that didn't want gold going to the moon
in the face of all of this chaos and a
government shut down, and you know it's now you have
because of I'm going to give you the names. I
don't think we've talked about them, and we don't need
to right now. But there were there were two failures recently,
(23:58):
two big failures. One is called First Brands autopart supplier,
and the other is called Tricolor Auto subprime auto lender.
And these are not isolated failures. These these big, big
companies failed, but they're very very the private equity and
they're very much tied to the banking system and the
(24:20):
private equity firms that are way over extended and like
providing loans to people who have no credit or bad
credit and they're way underwater. Yeah, it's private equity, but
they're also have deals with the regional banks, and the
regional banks are now massively exposed. On top of all
of these commercial real estate problems, we're beginning to see
(24:43):
more problems in the regional bank system, and so all
of this lending that's been going on too. The overnight
repo market lately has been done done so through overnight
lending of subprime real estate bonds instead of measuries, which
is the normal behavior when you see something like that
(25:03):
happening the overnight report market, think of it like a
pawn shop, and normally they use high quality colatteral US
treasuries where I'm going to give you, I'm going to
give you my master card and or I'm going to
give you something of great value of this gold coin,
and I need to borrow the money overnight. I'll buy
(25:23):
it back from you the next day at a little
higher rate. And that's to get the liquidity that I
need right now because I'm short on cash but have
an asset. Well. Now, they're using subprime crap that is underwater,
whether it be in commercial real estate or residential real estate.
That's like pawning, stealing your wife's wedding ring without her
(25:45):
knowing because you've pawned everything else and saying I promise
I'll buy it back the next day. There are problems
in the banking system, bad ones, and they're starting to
manifest again, and I think all of these things coming
together at once. There are some men entities that didn't
want the continued realization that gold has taken off and
(26:05):
the mainstream acknowledging it. And I want to talk about
four or five things that I've never seen before in
this industry ever coming out of the mainstream.
Speaker 6 (26:14):
What are you Yeah, I'll give you some of these.
Speaker 4 (26:16):
So you know, if you were to ask your financial
advisor my whole career how much gold should I own,
you might get five percent and the rare bird would
say no more than ten percent. Right, And that's been
my whole career thirty five years. But I want to
(26:38):
put things into context for people who have who are
a little freaked out right now about the pullback and
gold and silver. Now, over the last several weeks, maybe
three or four, I've seen four or five things that
I have never seen and never thought I would ever see.
We'll start with the chief investment officer of Morgan Stanley.
Three maybe four weeks ago and now forever on Wall Street,
(27:03):
there was what's called a sixty to forty rule. Sixty
percent stock, forty percent bond, put it into a managed
portfolio and retire happy. Now since nineteen eighty two, interistrates
have fallen at a forty five degree angle. Anyone who
did that did great, right. Bonds go higher as rates
(27:23):
go lower, stock market goes up as rates go lower.
It was great. Everyone was happy. He came out and said, Now,
this is the chief investment officer of Morgan Stanley. He says, no,
it's time to sell half your bond holdings and go
sixty twenty twenty sixty stock, twenty bond, twenty percent gold.
(27:44):
Really the cheap investment officer of Morgan Stanley. Now here's
another one, Michael Hartnet. Michael Hartnett writes a newsletter. He
is a massive institutional trader for Bank of America. His newsletter.
I don't know how many. It's at least ten thousand
dollars a year, and it is only going to institutional level.
Speaker 6 (28:05):
People pay ten thousand dollars a year. Oh, it's huge
grand to get his newsletner or more.
Speaker 4 (28:11):
I don't know how much it is, but it's at
that level, and it's he's closest to the tip of
the spirit. He said, no, no, no, no, it's twenty
five twenty five, twenty five, twenty five, twenty five stock,
twenty five bond, twenty five percent, short term treasuries twenty
five percent cold. This is the head guy at Bank
of America. You have Jeffries. Now, Jeffries is They used
(28:36):
to be prudential Base, used to be a primary US
mint distributor and for all of the major wins of
the world, and they nominated Miles Strengthlin twenty years ago
to be an authorized reseller. Jeffries means a lot to
me because Jefferies took over and it became Jeffries Base.
I used to work very closely with them, and they
know medals very well. They were primary distributors for all
(28:57):
of the major minsen refineries in the world, and about
seven eight years ago they closed that division. Yet they
still know gold as well or better than anyone. And
their head trader says, gold's next stop, not the only stop.
But we're looking for sixty six hundred on gold now
maybe the craziest one.
Speaker 6 (29:15):
When are they thinking that sixty six hundred is going.
Speaker 4 (29:18):
To hit mid twenty twenty six? And another trader at
Bank of America said by mid twenty twenty six he
sees silver. Their new level for silver Bank of America
is sixty six dollars with fifty six being the average cost.
Maybe the craziest one of them all is Jeffrey Gunblock.
If you look up Jeffrey, he's known as the bond King.
(29:39):
He's made his entire living and fortune and name as
selling bonds, on selling bonds, and he just came out publicly,
and so the twenty five percent allocation to gold is
not overweight. So you have traders or people who are
speaking to the highest level traders and institutional investors on
the planet who are saying twenty or twenty five percent
(30:01):
gold allocation when they've never said more than five. Now,
when you put all that together with all the metal
that's coming into the country at the level no one
has ever seen before, never seen before, I would say
to you that there's far more at play here than
this being a top. There are banks that are massively
short paper and they may be sold the because remember
(30:24):
I said, they smacked the crap out of it, and
then all of a sudden someone bought a ton. What
are they buying? Are they buying the physical? Are they
buying the physical to cover their short positions to be
in position? Are they trying to knock the wind out
of the mainstream and get all these guys like Jim
Kramer saying, yeah, at top, it's the top or the
all to talk about, you know, sell gold by bitcoin.
(30:45):
You get all this narrative to push everyone that went
away from the attention that gold and silver and rightfully,
so have had.
Speaker 6 (30:54):
Do people say that people like Kramer, Well.
Speaker 4 (30:57):
I'm sure they do. He's still on air. I don't
know why, but yeah.
Speaker 5 (31:02):
He still has the creamer with the Creamer index because
he's so bad.
Speaker 4 (31:07):
Take the opposite. Take yeah, you.
Speaker 6 (31:10):
Do way better than if you do.
Speaker 4 (31:12):
Yeah, you would have been better off following Paul Pelosi.
Speaker 5 (31:16):
Wellmer's supposedly the best investor ever.
Speaker 4 (31:23):
Yeah, of course. So no, I just want to try
and put things in perspective, and I think this this
is a time where things are going to become more
and more and more volatile, and this is a byproduct
of it. And they want you to believe the narrative
that you know that gold and silver are are well
(31:45):
over sold. The funny thing is is from a technical indicator,
they are not over sold anymore. They the gold had
been over sold since August. It's not and now it
is under sold. Technically, we're still within above a two
hundred day moving average. Technically we have yet to see
any lower lows. This is just a healthy correction, and
(32:06):
a scary one and a big one. But when you
see it happen at a time when no rational trader
would do it that way. If you're going to dump
that kind of volume, you do it when the market
has the most liquidity during New York trading, slowly over
a period of hours or days or longer. You don't
(32:26):
dump it all bang, pour it onto the market when
it's the most thinly traded, where it is done for effect.
And that's exactly what has happened. Problem is most people
don't see it. It doesn't work.
Speaker 6 (32:38):
It's not gonna work. It's because there are.
Speaker 4 (32:40):
A lot of people that are freak. You'd be surprised
how many people coming in and sell Should I sell?
Should I sell?
Speaker 2 (32:45):
People?
Speaker 5 (32:46):
People are act on emotions, so they're gonna they're going
to do some of that.
Speaker 6 (32:50):
But it's not gonna work.
Speaker 5 (32:51):
What do you think any I mean, I've been talking
to you for a long time, and you've been talking
that this is going to happen, and you know, you
keep talking about how this and now we're in the
middle of it and it's actually fricking happening.
Speaker 6 (33:02):
I mean, when you sit back or you're like, wow,
I was actually right.
Speaker 4 (33:06):
I mean, you know what, it's an interesting question. I
get a lot of emails and people saying things like
you're the time traveler, you're a profit, and you know,
at first it's it's kind of like shucks, jeeves, you know,
thank you, and then you start to think about some
of those things. My wife said to me the other night,
and this is not meant to I'm not trying to
(33:28):
glorify myself in any way. She says, what if you
are a profit? And I'm like, come on, and I'm
not I'm not saying I'm just simply saying, it's really
almost frightening to me because I've spent to your point,
I've done six thousand YouTube videos where everything I've said
has been documented, for the world has seen a lot
of it has happened, and I'm just a dude who
maybe looks past the conventional wisdom of things and looks
(33:54):
a little bit deeper and reads and digs and tries
to If I have one strength, it's it's maybe it's
seeing so many things and not looking at them as independent,
looking at all of these things as part of a
bigger picture. And then for me it becomes much more clear.
I thank you for saying that, And it is weird,
(34:14):
and I don't know how there's any way of even
saying without without sounding conceited, I'm not. It freaks me out.
Speaker 5 (34:21):
Well, well, you're not like some of those prophets that
are a person that you don't want.
Speaker 6 (34:25):
To go there because it's stupid. But if you're really smart,
you're really engaged. What the thing is is that.
Speaker 5 (34:31):
You're really smart, you really in tune to your industry,
and you're really you were seeing all these things and
communicating it and it was true.
Speaker 6 (34:40):
It was right.
Speaker 5 (34:41):
You were just right because you were communicating what the
truth was, and the truth laid out this path.
Speaker 4 (34:47):
But it's so let me give you a point. Let
me give you an example, because a lot of the
stuff that I publicly said had nothing to do with
my industry, and a lot of people thought I was nuts. Okay,
I don't know how many years ago, in twenty nineteen,
I talked about the Belt Road initiative, right, and that
was kind of what got me down this path of
de dollarisation. And when you look at the Belt Road Initiative,
(35:08):
it's seventy five percent of human population, it's largely underdeveloped
countries that are resource rich that are now being connected
through with China's effort to bridge all of this through
bridges and roads and railroads and maritime channels and whatnot.
The significance of it, all of these years later is
(35:28):
that the bricks Bridge program that you and I have
talked about m bridge, which is the cross border payment
system that everyone just focused on it being the bricks.
And I brought up the bricks in twenty nineteen before
anyone was talking about it, and the pushback has always
been the bricks aren't big enough, they're not no one
trusts them, blah blah blah. And I always said gold
(35:49):
would be the anchor to that. Well, it is appearing
very much so that gold is becoming the anchor to
that system. I'm going to get to the to the
belt Road part in a second, because we've now I've
seen a couple things that are putting all of this together.
China has internationalized there you want by now making it
immediately convertible into gold like that without having to convert
(36:11):
to dollars first, as they always have. Number Two, the
Shanghai Metals Exchange is building and has already constructed one,
and now the second one vaults throughout the Belt Road initiative.
The first one they built, however, was in Hong Kong,
the duty free zone where if you are a country
who trades with China over m Bridge, which I talked
about years ago, the cross borders system, free from swift,
(36:34):
you have the ability to take those digital you want
and immediately send them back and receive gold for it
and take possession of it. Well, guess where the second
vault is being built right now in Saudi Arabia, who
was a fifth member of Mbridge, And so all of
these things are beginning to connect. And they said, we're
going to build these vaults all through the belt Road.
But what does that mean. Here's what it means. The
(36:56):
significance of what I saw, and maybe I didn't see
it the way, but it's all coming true, is that
the Russian Minister Sergei Lavrov has publicly said we are
now opening up not only the Mbridge, which is central
bank to central bank trading, but also bricks Hay, which
is retail business to business or consumer to business. Right now,
(37:19):
it's all being integrated and opened up to the belt Road.
So you have seventy five percent of human population using
a new system that is free from dollar intervention, that
will settle in balances in gold. They will trade with
one another in their local currencies over the mbridge. Now,
this may turn out to be the biggest development of
all of our lives, as it will challenge the hegemony
(37:41):
of the United States in a way nothing ever has.
Because not only go ahead, obviously, not only are all
the trades and all of the infrastructure and everything being
done in local currencies, but instead of putting excess reserves
into treasuries the way that most of the world has
done for all of these years, it's now going into gold.
One replaces the settlement status, one replaces the reserve status
(38:04):
when you add it into bricks and all of the
countries that have integrated into this new platform alone. Right now,
you're talking the ninety percent of human population that is
moving away from settlement and reserve status of the dollar
and the treasury. It's real, and it's happening right in
front of us.
Speaker 5 (38:20):
What's relan I would push back a little bit and say,
this is your industry and the people who only see
gold as mining and I don't know, narrow minded. Gold
is a big part of the global economic structure. And
what you saw is that you saw that, and I
think that's what sets you apart you're more of a
global finance guy versus just a gold guy, because gold
(38:44):
really is about global finance. And when you look at
bricks and you look at what's happening with the global reset,
you can't ignore the fact that the most powerful people
involved in the World Economic Forum and the IMF and
the central banks, all of these guys are involved with bricks.
I don't know, but all of them with bricks, but
(39:04):
they're all involved with this global reset. And a large
number of them are that are both involved with the
World Economic Forum.
Speaker 6 (39:13):
Are also involved with bricks. You can't ignore.
Speaker 5 (39:16):
That if you're going to be paying attention to the
global financial system and you're part of the global financial system.
The problem is is that so many people in your industry,
just like every industry, can't see what they're really part of.
Speaker 4 (39:31):
Yeah, And to me, it's the why that matters, the
what is the irrelevant part? A lot of people maybe
won't even listen to me because I own a gold
company and I've tried to, you know, really hard to
lead by example. That's saying you can be a good person,
you can provide a service, who can work really hard
to help people and still run a business. Yeah, everyone
(39:51):
wants to make money, but you know, what have you
done to contribute? And I've put my name out there
and have for six years now in a and you
know the way you do. You understand the benefits and
the drawbacks of being out there the way that you
and I are, and I appreciate it. And I'll simply
say this to you. I've never ever been more convinced
(40:13):
in my career that we have entered a new monetary system.
We're there right now with the passage of the Genius Act.
You know Tether. If you look at bo Hines, he's
the CEO of USA Tether. I believe that's his last name.
He was Trump's cryptos are until August. Every single time
we move money from now on, once it's implemented or
(40:34):
very close to it being finally implemented, it will be
backed by stable coin. And well, just like that, it
will settle. So it'll be like Venmo or Zelle whenever
you're paying anyone. But anytime you do any type of
movement of dollars anywhere in the world that's using dollars,
they will be backed by stable coins issued by companies
like USA Tether. Now USA Tether was just at the
(40:57):
Beaver Creek Mining Summit recently, the biggest mining summit here
in the United States, they've already bought over eight billion
in gold held in Swiss vaults. And when we use
these stable coins, there is interest attached to the treasuries
that are backing it. But when you spend the stable coin,
the stable coin gets burned. The interest in the treasury doesn't.
(41:20):
What they are are by law have to do is
buy more treasuries to push interest rates down, and they're
buying gold and bitcoin. Now they're buying gold to devalue
the dollar. That's what it's ultimately about, and to build
the asset base of gold, but to devalue the dollar
to make exports more reasonable ultimately, and the Russian finance
(41:44):
minister just came out and said they're going to screw
the world. They're going to put all the debt into
the cloud and do it that way. Well, what he's
saying is they're going to use the synthetic demand created
through the stable coin issuance of moving money around and
put part of the proceeds into bitcoin to push bitcoin
way up to pay off the debt. Now, does that
mean a rug pull is emin it. Maybe I don't know,
(42:06):
and maybe some people would disagree with me. I'm just
saying I believe that's what they have intentions of doing. So,
valuing the dollar and paying off the debt.
Speaker 6 (42:15):
Using bitcoin and gold are going to bow skyrock.
Speaker 4 (42:18):
I do. The point of it is is that I
couldn't make an argument, and I don't want to fight
with the bitcoin crowd because I'm not a bitcoin guy.
But I think we are stronger together than a part.
I could see gold going to a level that no
one ever thinks possible and never coming back down because
the bricks are going to use it for a common
settlement feature where they settle in balances between local currencies
(42:42):
and trade imbalances and gold through all of these multi
jurisdictional vaults using a digital system. Bitcoin, on the other hand,
I think they're going to let it go higher than
people think possible and use it to pay off the debt. Now,
does that mean a rug pull? Maybe? Does that mean
what is the future for it?
Speaker 6 (42:58):
Don't know, XRP and some of these other ones X,
I don't know.
Speaker 4 (43:04):
I'm not the right guy to ask, And I just
think that the one common denominator between the gold community
and those you know, you'll find it's interesting the bitcoin
people don't usually get along with the XRP people and
vice versa. The one thing that I've tried to do
is bridge the community. Is I speak at the XRP convention.
I've had Natalie Burnell who is bitcoin, and Mark Moss
(43:26):
on my show Bitcoin, and I've been on lots of
shows where it's XRP only and Bitcoin only, not because
that's what I believe in, but because I think we
all see the world in a very similar light. That
there are big problems here in the United States, with
monetary and fiscal problems and irresponsibility, and bigger problems geopolitically, morally, socially,
all the stuff we've talked about and covered, and the
(43:48):
thing that I think is silly is mutual exclusivity. You know,
you want to Someone once said to me who I
valued his opinion a lot. He said to me. This
was a man named John Pierre Luvey, and it had
to do with a Swiss investment program I was in.
And after talking with him for a while, I said,
Jean Pierre, there's virtually no diversification in this whatsoever, you know?
(44:08):
And he says, you know andy diversification was a tool
created out of fiduciary responsibility by financial advisories. He said,
if you are a diversified individual, you are the best
of the worst or the worst of the best. Very
often things don't move in harmony. He said. The way
to win, and Richard Russell said the same thing is
to identify the primary trend. Now in Minnesota, the primary
(44:31):
trend of the Mississippi River starts up in northern Minnesota
and flows south. So he would say, you jump in
with both feet, plug your nose, and go underwater. You
go in hard, but you diversify within the primary trend.
You can be diversified into precious metals, bitcoin, alt coins, farmland,
agricultural ETFs, oil and gas. You are broadly diversified within
(44:55):
a primary trend. And so what I'm saying is that
we're more alike than we are apart. And two, to
be divisive with one another instead of cooperative and listening
to other people's viewpoints is something that is lost in
this country. And you never grow if you never if
you never listen to other viewpoints. So I'm not at
odds with them, but I don't follow it the way
I should just trying to bridge the gap a little
(45:17):
bit and say, hey, you know, if you make some
of profits with these these cryptos, pitcoin or XRP, consider
taking some off the table and putting it in six
thousand year old wealth instead of pedging all of your
bets on technology that's barely a teenager. Now you know
people want to invest in XRP, go for it.
Speaker 6 (45:37):
Well, you need you can't put it all.
Speaker 5 (45:39):
If you're going to be putting all your investments in crypto,
you're making a mistake.
Speaker 4 (45:44):
I think you need we're all in gold, same mistake.
Speaker 5 (45:46):
You need to diversify for certain Well, okay, Andy, I
wish I had my vacation like you.
Speaker 6 (45:52):
Your kids didn't get much you they didn't get their dad.
But did they care? I mean, do their kids are
your kids at the age or they give a car out?
Speaker 4 (46:00):
It's weren't even there on this vacation. That was my
wife and another couple.
Speaker 2 (46:03):
Oh yeah, they didn't get to take a vacation.
Speaker 4 (46:06):
No. No, I saw the inside of the hotel room NonStop.
But you know, look, when you've been doing stuff as
long as I have for thirty five years, you know
when it's time to do stuff like that, So there'll
be another vacation. Let's hope.
Speaker 6 (46:21):
Yeah, let's hope.
Speaker 5 (46:22):
Okay, well, good, well, thank you so much for coming
back to the program.
Speaker 6 (46:25):
We'll have you back next weekend.
Speaker 5 (46:28):
I'm sure there's gonna be a whole bunch of more
suff going down, because.
Speaker 4 (46:31):
Holy there will be, there will be, and I always
look forward to it. Sarah, thanks for having me again.
Speaker 2 (46:36):
Okay, talk to bye.
Speaker 1 (46:56):
Hi everybody, it's me sind Relax. You are listening to
the Fringe Radio Network. I know I was gonna tell them, Hey,
do you.
Speaker 2 (47:07):
Have the app?
Speaker 1 (47:08):
It's the best way to listen to the Fringe Radio Network.
Speaker 3 (47:11):
It's safe and you don't have to log in to
use it, and it doesn't track you or trace you,
and it sounds beautiful.
Speaker 1 (47:20):
I know I was gonna tell him, how do you
get the app? Just go to fringeradionetwork dot com.
Speaker 3 (47:27):
Right at the top of the page.
Speaker 1 (47:30):
I know, slippers, we gotta keep cleaning these chimneys.
Hi, everybody, it's me Cinderella Acts. You are listening to
the Fringe Radio Network. I know I was gonna tell them, Hey,
do you.
Speaker 2 (00:14):
Have the app?
Speaker 1 (00:15):
It's the best way to listen to the Fringe radio network.
Speaker 3 (00:19):
It's safe and you don't have to log in to
use it, and it doesn't track you or trace.
Speaker 1 (00:24):
You, and it sounds beautiful. I know I was gonna
tell him, how do you get the app? Just go
to fringe radionetwork dot com right at the top of
the page. I know, slippers, we gotta keep cleaning these chimneys.
Speaker 4 (01:00):
There was what's called a sixty forty rule. Sixty percent stock,
forty percent bond, put it into a managed portfolio and
retire happy. Now since nineteen eighty two, infistrates a fallen
at a forty five degree angle. Anyone who did that
did great, right. Bonds go higher as rates go lower,
(01:21):
stock market goes up as rates go lower. It was great.
Everyone was happy. He came out and said, now, this
is the chief investment officer of Morgan Stanley. He says, no,
it's time to sell half your bond holdings and go
sixty twenty twenty sixty stock twenty bond twenty percent gold
really the cheap Investment Officer of Morgan Stanley.
Speaker 5 (01:42):
Now just a quick break from the program to share
with you advanced nerve support. If you're struggling with pain
and tingling in your feet or your hands, you may
really benefit from this. They've spent over three decades looking
for a solution that can be as effective as what
they think. They found this tiny little seed that Big Pharma,
(02:03):
of course does not want you to know about because
it cuts into their profits, but it's been so effective
for people. There's a doctor, a maverick doctor. Anybody that
was against Big Pharma is a maverick and they have
found something really effective.
Speaker 6 (02:17):
And if you again, if you.
Speaker 5 (02:18):
Were having pain in your feet, numbness, tingling in your hands,
you really should try this. Go to my primal dot
life slash Sarah or use the QR code on the
screen or the link below again my Primal dot life
slash Sarah.
Speaker 6 (02:42):
Welcome to Business Game Changers. I'm Sarah Westall.
Speaker 5 (02:45):
I have Andy Sheckman back for my Friday Night Economic review,
and boy has there been a lot going on. Gold
is up by sixty six percent this year and they
just had a pullback. I guess it dropped by five
point seven percent in day, I think an overall drop
of six point three percent, and people are all scared.
I just think that's a small adjustment to correction in
(03:09):
a large increase over the year, and it's.
Speaker 6 (03:12):
Gonna keep going up.
Speaker 5 (03:13):
He's gonna tell you share some information on what the
biggest industry players are saying, first time ever in history
that they've come out and are talking like this, and
so you'll hear some of that, and we just talk
about also the backdrop of the global economic system.
Speaker 6 (03:30):
He believes we're already in the.
Speaker 5 (03:32):
New system, and what does that mean and how do
you diversify yourself and protect yourself against whatever's coming down
because we do in the United States and the world
is really unstable right now and things are moving in
a very strong gold backed and crypto back fashion. I
think both are going on. And what does that mean
(03:53):
to you and how can you protect yourself? Number One,
people are saying you need to get into gold to
a certain extent, you need to get into assets that
protect your wealth, and gold and silver is one of
the best ways to do that. And if you are interested,
you make sure you use a company you can trust.
(04:13):
So many companies out there have proven to be untrustworthy
because they're taking people's life savings.
Speaker 6 (04:19):
If you have people, I've seen it first.
Speaker 5 (04:21):
I've had hundreds of people come in because we've been
helping people get their life savings back investing their rays
in these companies. They've take something like a million dollar IRA,
convert it to a gold diarray and it's worth three
hundred four hundred thousand.
Speaker 6 (04:36):
It's because they're charging you a super.
Speaker 5 (04:39):
High premium, so they're telling you it's investment grade when
it's not.
Speaker 6 (04:43):
When you should be getting.
Speaker 5 (04:45):
Gold or silver that's very close, maybe a two percent premium,
so it means that it should be very close to
what you're putting into it. And then if it goes
up by fifty sixty percent. So if you put in
a million dollars and it goes up by fifty percent,
you should have one point five million dollars worth of gold.
Some people are still sitting under water with five hundred
thousand of gold. That's a million dollar sway on a
million dollar IRA investment in one year, in not even
(05:09):
a full year. That's the kind of fraud that we're seeing,
and you need to check your investments. Make sure you
weren't caught up into some of those scams. It is very,
very broad and wide, and so many people have been
caught up into it. And how you can do it
is just go to find out what you've got in
value when you purchased it and what they'll buy it
(05:30):
back as and you might be amazed at how much
how little it's really worth because they hose you.
Speaker 6 (05:38):
If they did, we might be able to.
Speaker 5 (05:40):
Get your life savings back. Go to Sarahestall dot com
slash Miles Franklin. Fill out that form and they have
had great success in most cases of helping people get
their life savings back. Also, if you're interested in investing
your IRA and somebody you can actually trust, fill out
that form and you can get access to the private
(06:01):
priceless so Sir Westall dot com slash Miles Franklin.
Speaker 6 (06:05):
Okay, let's get.
Speaker 5 (06:06):
Into my Friday night Economic review with Andy Sheman.
Speaker 6 (06:11):
Hi, Andy, welcome back to the program.
Speaker 4 (06:14):
Sarah, good to be here. It's good to be back.
Thanks for having me.
Speaker 6 (06:18):
Yeah, you had a good vacation, which I'm kind of
jealous of.
Speaker 4 (06:22):
Yeah, actually it was really I was gone for a
long time, but Honestly, I think I worked every single day.
I was in Aruba for nine days, maybe saw the
beach literally a total of two hours. It was the
craziest couple of weeks of all time. This market is
it's interesting to say the least, but you know, a
(06:43):
market that has continued to move up and up and
up and up, other than the last two days, which
is I certainly think been some form of shock and awe.
It's been crazy and people are beginning to wake up
I think to what's happening around the globe, and I'm
more concerned value keeping their money and dollars. It seems
more like a melting ice cube these days than a currency.
Speaker 5 (07:06):
Well, it's gone up what sixty six percent this year,
and then it dropped six point three percent, and people
are kind of freaking out. But that's just a slight
correction on a massive increase over the year.
Speaker 4 (07:18):
Totally, it is, and in many ways, however, it's a
very very very big move. In fact, it fell by
five point seven percent. As you said, it's the making
it the largest one day drop in twelve years. It's
called a This is a four point five sigma move,
(07:42):
which is just a fancy way of saying that such
a large move only happens one out of every two
hundred and forty thousand days in a normal world. It's
very unusual to what We're sorry, no question about it.
Speaker 5 (07:55):
You're thinking big players did some kind of move to
make this happen. It wasn't organic by all the different
little investors. There are some wall players that did something right.
Speaker 4 (08:07):
I mean, you know, it's it's like this trader, whoever
it was, whichever entity did this, if it were a
real trader, they would be fired and shot, and probably
not in that order. Because there was a massive man
and I mean a huge dump of metal paper, metal
(08:27):
onto the market, and probably the most inopportune, thinly traded
market you could ever ask for. It was certainly not
done in an effort to maximize return on what they
were selling. In fact, it was quite to the contrary.
The interesting thing about it is that last night, and
(08:48):
this is again after New York is closed, in very
thin trading, the price of gold gets hammered, falls by
I don't know over one hundred dollars, and silver got
smacked as well. But what was very interesting thing is
shortly thereafter there was a tremendous amount of buying. Now,
who those buyers are, I have no idea, but I
can tell you that silver actually went positive and gold
(09:10):
pared back to the majority of its losses. Now you
could call that short covering on older commercial bank positions.
You could call that, as Jimson Claire, my old friend
god rest Is Soul used to say, mope, management of
perception economics at a time when you know things are
crazy around the globe and Europe is yelling at us
(09:33):
for what's happening with our dollar. With again, we're seeing
problems with the regional banks, and all of a sudden,
we're beginning to see stress in the system with the
overnight repo market and all centered around primarily centered around
a commercial real estate, but also exposure exposure to failing
(09:56):
private equity firms that are also closely tied to the banks.
There's all of this stress happening. At the same time,
we're getting all sorts of publicity in Reuter's, in Bloomberg,
in all of the mainstream media talking about the allure
and the positivity of gold, and I think you have
some very large players who don't like that very much.
(10:19):
Whether they be trying to cover their positions, whether they
be trying to accumulate whatever it is. This was a
coordinated drive by shooting in the most inopportune possible time
to maximize return on the sale. This is not how
normal markets behave and nor how anyone with half of brain,
even one brain cell would sell a position that large
(10:39):
by dumping it all at once when New York is
closed in an effort to maximize the downside effect. But
there was someone on the other side waiting to scoop
up a large portion of it. Again, the physical buying
and the paper market are wrestling, and I think it's
very difficult to win this paper game when the physical
market is a serious as it is as to take
(11:02):
possession and they fall in market.
Speaker 5 (11:04):
Well, when the gold is up by sixty six percent
for the year, this is that's not just a small correction.
So but to them it was probably a major dump.
I mean, they're going to have to do a succession
of dumps like this, and I don't think the appetite
in the environment is right where they're going to get
this to hold well.
Speaker 4 (11:24):
They haven't been able to. But you know, again, to
see a market that had moved up where we blew
through two thousand, never retested it, blew three thousand, never
retested it, blew through four thousand and still yet haven't
retested it. We might to see a pullback of twenty
thirty percent, even within the context, and you're in, as
(11:45):
you eloquently mentioned, silver up almost seventy percent, gold up
over sixty. Yeah, to see a correction is normal. Markets
don't go straight up, no matter how bullish, and there
are far reaching consequences for gold going so much higher.
The fundamentals behind gold's rally are only intensifying. They're not
(12:08):
getting any better. But that point, you know, when you
have a market Sarah that's been established for years based
upon paper promises and very little delivery requests, it's easy
to play the game. But when all of a sudden
confidence collapses in the promises of delivery and in the future,
and redemption require a redemption request exceed rolling over the
(12:31):
contracts into the future, you have a problem. In other words,
people say give me the metal now, and what we've
seen for the better part of almost three weeks is
something called backwardation, and backwardation is something you rarely rarely
see in silver. What it means is a normal market
behaves in a condition called contango. Entango means you buy
spot whatever, corn, wheat, oil, gold, silver, whatever commodity. Spot
(12:56):
is today's price. The future's price, whether it be one month,
five months, six months, whatever, a year, always is a
higher price because it accounts for the cost of money,
interest storage, the time value of money. So the price
is always higher in very unusual times like right now.
Backwardation which and for an extended period of time and
(13:19):
very large for the last few weeks. It's narrowing a bit.
Means that the traders right now say you know what,
I want it now, and I'll pay more now than
I will out into the future because I don't trust
that i'll get that metal or that corn or that
oil out into the future. It's incredibly bullish. Actually. It
just shows that the physical demand is far greater than
(13:41):
the willingness to accept promises on paper out into the future.
It's very rare. Something we've seen now for about three
weeks as well.
Speaker 5 (13:49):
Yeah, it's pretty incredible. What do you think the continued
shutdown effect is? I mean we're going on twenty three
twenty four days now of the government shutdown.
Speaker 6 (14:01):
Is how is that impacting.
Speaker 4 (14:04):
Well, I think one of the things that we're seeing
a lot of talk of and I wanted to put
my glasses on to read something to you here that
to me, kind of underpins the ramifications of things like
a government shutdown, but also how dire things are in
this country before I do that right now, for every
(14:29):
ten people in the United States, one of them is
a government employee, five of them are unemployed, and four
have productive jobs. That means four out of ten people
produce everything and everyone else just consumes. Now, some of
these people are retired and some of them are too
young to work. But the point of it is is
that we don't have many people pulling the wagon. And
(14:50):
when you talk about government jobs, they're not producing anything.
They don't they use the taxes that we get of
them to do things and not producing anything. The production
is what provides the taxes. With that being said, approximately
one in three Americans received government assistance in twenty twenty two,
(15:11):
nearly half of them all being children, benefiting from at
least one program. More specifically, currently about twelve and a
half percent of the population receives food stamps. Roughly twenty
percent of that population receives or lives with someone who
receives benefits from programs like SNAP, which is a food
stamp program. One in three Americans, about thirty percent of
(15:33):
the population, has participated in social safety net programs. And
so basically what I'm getting at is that there is
actually about a thirty or thirty five percent odds, and
there's actually sites out there that are quoting these odds
that the food stamp program doesn't get funded because of
(15:57):
the stalemate between the Democrats and the Republicans, where the
Democrats say, we're not gonna We're not going to refund
the government unless you provide healthcare to illegal immigrants. Now
I don't know, I mean, that just seems kind of
silly to me. And I don't want this to turn political,
but it would seem it would be more relevant to
take care of the people in this country than the
(16:18):
people who are here illegally, the citizens of this country
who for whatever reason, are less fortunate. But it's a
big number. And Gerald Celente is famous for saying, when
people lose everything, they lose it, and God forbid, you
have a you know, twelve percent of the country wakes
up to no food stamps and an inability to eat
(16:40):
and this this partisanship is just it's got to end.
It's just been NonStop now for so many years. It's
just it's disgusting. And I don't know, I think they
would push.
Speaker 6 (16:51):
It that far.
Speaker 5 (16:52):
We people believe there's many people that believe that they're
trying to create a civil war kind of environment.
Speaker 4 (17:00):
Feels that way.
Speaker 5 (17:01):
If you keep people from being able to get food stamps,
that would trigger a more serious situation.
Speaker 6 (17:07):
I mean that, yeah, you know.
Speaker 4 (17:10):
One hundred, one hundred percent, Sarah, And.
Speaker 6 (17:15):
I don't know, it's like, wow, another job. If they
do that, that would be me dropping my job, Like wow, you.
Speaker 5 (17:22):
Know, they there's always something they keep doing that. I'm like,
I like, wow, I can't believe they took it that far.
Speaker 6 (17:29):
They did that, it would be a while for me.
Speaker 4 (17:32):
Well it's been closed for a while now, and you
wonder how far they will take it. And this is
I'm not sure the exact day, but that that dropped
dead date for the food stamps. It's coming up soon
and you're seeing it if you try to travel, TSA
has a great shortage, and you know, there's it's a
very big deal. But the bottom line is is that
(17:54):
you know, we're thirty almost thirty eight trillion dollars in debt,
which excludes all the off balance sheet entitlements Medicare and
Medicaid and social security, the government military pensions, and at
some point we can, I mean, we just continue to
raise the debt ceiling like it actually is meaningful. It's
it's embarrassing, is what it truly is. Our fiscal irresponsibility
(18:17):
is caught up with us. And at the same time,
political partisanship has never been more grotesque and more at
odds with one another. So yeah, it feels like you
could when you start to see you know, ice agents
being shot at for doing their job for the you know,
for taking people and bringing them out of this country
(18:37):
when they are here illegally. Now, not everyone that is
here illegally is a bad person. It's not what I'm saying.
But what I am saying is that there are rules
in their laws, and you know, at some point, that
is what our culture is based upon. That's why we
have been the greatest country in the world forever, because
we have a system of an equal system of justice.
(19:00):
And you know, during the previousdministration, there was a perception
of two tier status of justice. We've had immigration laws
that welcomed everyone if you come and do it the
right way, and all of these things that we've talked about.
It just seems that half of the government wants to
focus on this and have wants to not And I
don't know how it ends, but it's certainly kind of
(19:21):
ugly already.
Speaker 5 (19:23):
Yeah, it'll be interesting how it ends. And I, like
I said, if the analytic go that far, that this
person sitting here will be a little bit shocked because
that's taking it further than I It just that's taking
it further than I would think that they would take it.
Speaker 6 (19:38):
But I've they keep shocking me with stuff that they're doing.
Speaker 4 (19:43):
Yeah, I mean one should have nothing to do with
the other. And how can we continue to provide healthcare
for people who do not contribute to the system, who
didn't do the right process of immigration. And all the
people who come here seeking asylum, how many of them
really came here seeking asylum and just took advantage of
the situation of the open borders. Again, I don't want
(20:07):
to be disrespectful, I don't want to be cold hearted,
because there's always a story of people who have real
life tragedies. But the fact is is that we're we
are doing this now at the expense of people in
this country who maybe really are down on their luck
and are taking, you know, using these these subsidies to exist.
Speaker 2 (20:32):
Do you think it's something?
Speaker 5 (20:34):
Do you really believe that half the politicians believe that
they want to fight for people who are not citizens
of this country and allow the citizens of this country
to go without To the degree.
Speaker 4 (20:45):
The part that bothers me more than anything, it's that
the rest of them who don't feel that way are
too chicken shit to stand up for what is that's right?
And that's the problem. It's like during the during the
State of the Union address, when you know, the child
of the parent that was sitting up there who was murdered,
(21:07):
you know, the whole Republican side stood up. None of
the Democrats stood up. Or the little boy who had
twelve or thirteen surgeries of brain cancer and was given
you know, the honorable honorary secret Service batch the Democrats
didn't stand up. It's like, where is common decency that's right?
(21:28):
I don't know, you know, And that's why I try
to say it that I'm.
Speaker 5 (21:31):
Not Why isn't there like one that stood up just
to show I don't you know at the end of
the day, this is kind of cool.
Speaker 6 (21:38):
Let's cheer on this little kid. It's like, what the hell.
Speaker 5 (21:42):
Just a short break from the program to share with
you an amazing peptide to help you lose weight. It's
stronger than ozempic and why it's because it not only
reduces your appetite, but it also burns fat. These other
glp ones on the market, they do not burn.
Speaker 6 (21:56):
Fat, They just reduce your appetite.
Speaker 5 (21:59):
This one, at a true tide, is stronger. It's considered
a next generation peptide because of that, And man, does
this work. I've been using it for two and a
half weeks and I've already lost eleven pounds.
Speaker 6 (22:11):
And I cut my dose in half.
Speaker 5 (22:13):
Because I was losing weight too quickly, and that kind
of freaked me out, to be honest, And so I
also am taking this five amino one MQ in capsule form.
This helps by making sure that you lose fat, not muscle,
and so in conjunction, I'm using both of these. This
will work whether you have this or not, and I
am telling you it's amazing. If you are interested in
(22:37):
getting this. I have the link below, or you can
go to sarahwestl dot com. On the shop you can
use a coupon code Sarah to save ten percent. If
you have questions about your own use, you should either
consult your doctor or you can join doctor Diane's tribe,
and I have a link below to that.
Speaker 6 (22:52):
It is only a dollar for the first week. You
can ask her any question.
Speaker 5 (22:56):
You want and get all your answers to this how
to take an injectable, and there shouldn't be any fear
in doing that.
Speaker 6 (23:02):
It is easy and straightforward.
Speaker 5 (23:05):
Go to Sarahessel dot com undershop are use the link
below and remember to use coupon code Serah.
Speaker 4 (23:11):
Well, but that's and that's it's that ideology that is
now creating a stalemate in reopening the government, and there
are consequences for that, real life consequences for that that.
I don't know how this all plays out, but as
you have all of these things happening, I do believe
that my friend Jim Sinclair used to say, mope management
(23:34):
of perception economics. I do believe that there are powers
that be that didn't want gold going to the moon
in the face of all of this chaos and a
government shut down, and you know it's now you have
because of I'm going to give you the names. I
don't think we've talked about them, and we don't need
to right now. But there were there were two failures recently,
(23:58):
two big failures. One is called First Brands autopart supplier,
and the other is called Tricolor Auto subprime auto lender.
And these are not isolated failures. These these big, big
companies failed, but they're very very the private equity and
they're very much tied to the banking system and the
(24:20):
private equity firms that are way over extended and like
providing loans to people who have no credit or bad
credit and they're way underwater. Yeah, it's private equity, but
they're also have deals with the regional banks, and the
regional banks are now massively exposed. On top of all
of these commercial real estate problems, we're beginning to see
(24:43):
more problems in the regional bank system, and so all
of this lending that's been going on too. The overnight
repo market lately has been done done so through overnight
lending of subprime real estate bonds instead of measuries, which
is the normal behavior when you see something like that
(25:03):
happening the overnight report market, think of it like a
pawn shop, and normally they use high quality colatteral US
treasuries where I'm going to give you, I'm going to
give you my master card and or I'm going to
give you something of great value of this gold coin,
and I need to borrow the money overnight. I'll buy
(25:23):
it back from you the next day at a little
higher rate. And that's to get the liquidity that I
need right now because I'm short on cash but have
an asset. Well. Now, they're using subprime crap that is underwater,
whether it be in commercial real estate or residential real estate.
That's like pawning, stealing your wife's wedding ring without her
(25:45):
knowing because you've pawned everything else and saying I promise
I'll buy it back the next day. There are problems
in the banking system, bad ones, and they're starting to
manifest again, and I think all of these things coming
together at once. There are some men entities that didn't
want the continued realization that gold has taken off and
(26:05):
the mainstream acknowledging it. And I want to talk about
four or five things that I've never seen before in
this industry ever coming out of the mainstream.
Speaker 6 (26:14):
What are you Yeah, I'll give you some of these.
Speaker 4 (26:16):
So you know, if you were to ask your financial
advisor my whole career how much gold should I own,
you might get five percent and the rare bird would
say no more than ten percent. Right, And that's been
my whole career thirty five years. But I want to
(26:38):
put things into context for people who have who are
a little freaked out right now about the pullback and
gold and silver. Now, over the last several weeks, maybe
three or four, I've seen four or five things that
I have never seen and never thought I would ever see.
We'll start with the chief investment officer of Morgan Stanley.
Three maybe four weeks ago and now forever on Wall Street,
(27:03):
there was what's called a sixty to forty rule. Sixty
percent stock, forty percent bond, put it into a managed
portfolio and retire happy. Now since nineteen eighty two, interistrates
have fallen at a forty five degree angle. Anyone who
did that did great, right. Bonds go higher as rates
(27:23):
go lower, stock market goes up as rates go lower.
It was great. Everyone was happy. He came out and said, Now,
this is the chief investment officer of Morgan Stanley. He says, no,
it's time to sell half your bond holdings and go
sixty twenty twenty sixty stock, twenty bond, twenty percent gold.
(27:44):
Really the cheap investment officer of Morgan Stanley. Now here's
another one, Michael Hartnet. Michael Hartnett writes a newsletter. He
is a massive institutional trader for Bank of America. His newsletter.
I don't know how many. It's at least ten thousand
dollars a year, and it is only going to institutional level.
Speaker 6 (28:05):
People pay ten thousand dollars a year. Oh, it's huge
grand to get his newsletner or more.
Speaker 4 (28:11):
I don't know how much it is, but it's at
that level, and it's he's closest to the tip of
the spirit. He said, no, no, no, no, it's twenty
five twenty five, twenty five, twenty five, twenty five stock,
twenty five bond, twenty five percent, short term treasuries twenty
five percent cold. This is the head guy at Bank
of America. You have Jeffries. Now, Jeffries is They used
(28:36):
to be prudential Base, used to be a primary US
mint distributor and for all of the major wins of
the world, and they nominated Miles Strengthlin twenty years ago
to be an authorized reseller. Jeffries means a lot to
me because Jefferies took over and it became Jeffries Base.
I used to work very closely with them, and they
know medals very well. They were primary distributors for all
(28:57):
of the major minsen refineries in the world, and about
seven eight years ago they closed that division. Yet they
still know gold as well or better than anyone. And
their head trader says, gold's next stop, not the only stop.
But we're looking for sixty six hundred on gold now
maybe the craziest one.
Speaker 6 (29:15):
When are they thinking that sixty six hundred is going.
Speaker 4 (29:18):
To hit mid twenty twenty six? And another trader at
Bank of America said by mid twenty twenty six he
sees silver. Their new level for silver Bank of America
is sixty six dollars with fifty six being the average cost.
Maybe the craziest one of them all is Jeffrey Gunblock.
If you look up Jeffrey, he's known as the bond King.
(29:39):
He's made his entire living and fortune and name as
selling bonds, on selling bonds, and he just came out publicly,
and so the twenty five percent allocation to gold is
not overweight. So you have traders or people who are
speaking to the highest level traders and institutional investors on
the planet who are saying twenty or twenty five percent
(30:01):
gold allocation when they've never said more than five. Now,
when you put all that together with all the metal
that's coming into the country at the level no one
has ever seen before, never seen before, I would say
to you that there's far more at play here than
this being a top. There are banks that are massively
short paper and they may be sold the because remember
(30:24):
I said, they smacked the crap out of it, and
then all of a sudden someone bought a ton. What
are they buying? Are they buying the physical? Are they
buying the physical to cover their short positions to be
in position? Are they trying to knock the wind out
of the mainstream and get all these guys like Jim
Kramer saying, yeah, at top, it's the top or the
all to talk about, you know, sell gold by bitcoin.
(30:45):
You get all this narrative to push everyone that went
away from the attention that gold and silver and rightfully,
so have had.
Speaker 6 (30:54):
Do people say that people like Kramer, Well.
Speaker 4 (30:57):
I'm sure they do. He's still on air. I don't
know why, but yeah.
Speaker 5 (31:02):
He still has the creamer with the Creamer index because
he's so bad.
Speaker 4 (31:07):
Take the opposite. Take yeah, you.
Speaker 6 (31:10):
Do way better than if you do.
Speaker 4 (31:12):
Yeah, you would have been better off following Paul Pelosi.
Speaker 5 (31:16):
Wellmer's supposedly the best investor ever.
Speaker 4 (31:23):
Yeah, of course. So no, I just want to try
and put things in perspective, and I think this this
is a time where things are going to become more
and more and more volatile, and this is a byproduct
of it. And they want you to believe the narrative
that you know that gold and silver are are well
(31:45):
over sold. The funny thing is is from a technical indicator,
they are not over sold anymore. They the gold had
been over sold since August. It's not and now it
is under sold. Technically, we're still within above a two
hundred day moving average. Technically we have yet to see
any lower lows. This is just a healthy correction, and
(32:06):
a scary one and a big one. But when you
see it happen at a time when no rational trader
would do it that way. If you're going to dump
that kind of volume, you do it when the market
has the most liquidity during New York trading, slowly over
a period of hours or days or longer. You don't
(32:26):
dump it all bang, pour it onto the market when
it's the most thinly traded, where it is done for effect.
And that's exactly what has happened. Problem is most people
don't see it. It doesn't work.
Speaker 6 (32:38):
It's not gonna work. It's because there are.
Speaker 4 (32:40):
A lot of people that are freak. You'd be surprised
how many people coming in and sell Should I sell?
Should I sell?
Speaker 2 (32:45):
People?
Speaker 5 (32:46):
People are act on emotions, so they're gonna they're going
to do some of that.
Speaker 6 (32:50):
But it's not gonna work.
Speaker 5 (32:51):
What do you think any I mean, I've been talking
to you for a long time, and you've been talking
that this is going to happen, and you know, you
keep talking about how this and now we're in the
middle of it and it's actually fricking happening.
Speaker 6 (33:02):
I mean, when you sit back or you're like, wow,
I was actually right.
Speaker 4 (33:06):
I mean, you know what, it's an interesting question. I
get a lot of emails and people saying things like
you're the time traveler, you're a profit, and you know,
at first it's it's kind of like shucks, jeeves, you know,
thank you, and then you start to think about some
of those things. My wife said to me the other night,
and this is not meant to I'm not trying to
(33:28):
glorify myself in any way. She says, what if you
are a profit? And I'm like, come on, and I'm
not I'm not saying I'm just simply saying, it's really
almost frightening to me because I've spent to your point,
I've done six thousand YouTube videos where everything I've said
has been documented, for the world has seen a lot
of it has happened, and I'm just a dude who
maybe looks past the conventional wisdom of things and looks
(33:54):
a little bit deeper and reads and digs and tries
to If I have one strength, it's it's maybe it's
seeing so many things and not looking at them as independent,
looking at all of these things as part of a
bigger picture. And then for me it becomes much more clear.
I thank you for saying that, And it is weird,
(34:14):
and I don't know how there's any way of even
saying without without sounding conceited, I'm not. It freaks me out.
Speaker 5 (34:21):
Well, well, you're not like some of those prophets that
are a person that you don't want.
Speaker 6 (34:25):
To go there because it's stupid. But if you're really smart,
you're really engaged. What the thing is is that.
Speaker 5 (34:31):
You're really smart, you really in tune to your industry,
and you're really you were seeing all these things and
communicating it and it was true.
Speaker 6 (34:40):
It was right.
Speaker 5 (34:41):
You were just right because you were communicating what the
truth was, and the truth laid out this path.
Speaker 4 (34:47):
But it's so let me give you a point. Let
me give you an example, because a lot of the
stuff that I publicly said had nothing to do with
my industry, and a lot of people thought I was nuts. Okay,
I don't know how many years ago, in twenty nineteen,
I talked about the Belt Road initiative, right, and that
was kind of what got me down this path of
de dollarisation. And when you look at the Belt Road Initiative,
(35:08):
it's seventy five percent of human population, it's largely underdeveloped
countries that are resource rich that are now being connected
through with China's effort to bridge all of this through
bridges and roads and railroads and maritime channels and whatnot.
The significance of it, all of these years later is
(35:28):
that the bricks Bridge program that you and I have
talked about m bridge, which is the cross border payment
system that everyone just focused on it being the bricks.
And I brought up the bricks in twenty nineteen before
anyone was talking about it, and the pushback has always
been the bricks aren't big enough, they're not no one
trusts them, blah blah blah. And I always said gold
(35:49):
would be the anchor to that. Well, it is appearing
very much so that gold is becoming the anchor to
that system. I'm going to get to the to the
belt Road part in a second, because we've now I've
seen a couple things that are putting all of this together.
China has internationalized there you want by now making it
immediately convertible into gold like that without having to convert
(36:11):
to dollars first, as they always have. Number Two, the
Shanghai Metals Exchange is building and has already constructed one,
and now the second one vaults throughout the Belt Road initiative.
The first one they built, however, was in Hong Kong,
the duty free zone where if you are a country
who trades with China over m Bridge, which I talked
about years ago, the cross borders system, free from swift,
(36:34):
you have the ability to take those digital you want
and immediately send them back and receive gold for it
and take possession of it. Well, guess where the second
vault is being built right now in Saudi Arabia, who
was a fifth member of Mbridge, And so all of
these things are beginning to connect. And they said, we're
going to build these vaults all through the belt Road.
But what does that mean. Here's what it means. The
(36:56):
significance of what I saw, and maybe I didn't see
it the way, but it's all coming true, is that
the Russian Minister Sergei Lavrov has publicly said we are
now opening up not only the Mbridge, which is central
bank to central bank trading, but also bricks Hay, which
is retail business to business or consumer to business. Right now,
(37:19):
it's all being integrated and opened up to the belt Road.
So you have seventy five percent of human population using
a new system that is free from dollar intervention, that
will settle in balances in gold. They will trade with
one another in their local currencies over the mbridge. Now,
this may turn out to be the biggest development of
all of our lives, as it will challenge the hegemony
(37:41):
of the United States in a way nothing ever has.
Because not only go ahead, obviously, not only are all
the trades and all of the infrastructure and everything being
done in local currencies, but instead of putting excess reserves
into treasuries the way that most of the world has
done for all of these years, it's now going into gold.
One replaces the settlement status, one replaces the reserve status
(38:04):
when you add it into bricks and all of the
countries that have integrated into this new platform alone. Right now,
you're talking the ninety percent of human population that is
moving away from settlement and reserve status of the dollar
and the treasury. It's real, and it's happening right in
front of us.
Speaker 5 (38:20):
What's relan I would push back a little bit and say,
this is your industry and the people who only see
gold as mining and I don't know, narrow minded. Gold
is a big part of the global economic structure. And
what you saw is that you saw that, and I
think that's what sets you apart you're more of a
global finance guy versus just a gold guy, because gold
(38:44):
really is about global finance. And when you look at
bricks and you look at what's happening with the global reset,
you can't ignore the fact that the most powerful people
involved in the World Economic Forum and the IMF and
the central banks, all of these guys are involved with bricks.
I don't know, but all of them with bricks, but
(39:04):
they're all involved with this global reset. And a large
number of them are that are both involved with the
World Economic Forum.
Speaker 6 (39:13):
Are also involved with bricks. You can't ignore.
Speaker 5 (39:16):
That if you're going to be paying attention to the
global financial system and you're part of the global financial system.
The problem is is that so many people in your industry,
just like every industry, can't see what they're really part of.
Speaker 4 (39:31):
Yeah, And to me, it's the why that matters, the
what is the irrelevant part? A lot of people maybe
won't even listen to me because I own a gold
company and I've tried to, you know, really hard to
lead by example. That's saying you can be a good person,
you can provide a service, who can work really hard
to help people and still run a business. Yeah, everyone
(39:51):
wants to make money, but you know, what have you
done to contribute? And I've put my name out there
and have for six years now in a and you
know the way you do. You understand the benefits and
the drawbacks of being out there the way that you
and I are, and I appreciate it. And I'll simply
say this to you. I've never ever been more convinced
(40:13):
in my career that we have entered a new monetary system.
We're there right now with the passage of the Genius Act.
You know Tether. If you look at bo Hines, he's
the CEO of USA Tether. I believe that's his last name.
He was Trump's cryptos are until August. Every single time
we move money from now on, once it's implemented or
(40:34):
very close to it being finally implemented, it will be
backed by stable coin. And well, just like that, it
will settle. So it'll be like Venmo or Zelle whenever
you're paying anyone. But anytime you do any type of
movement of dollars anywhere in the world that's using dollars,
they will be backed by stable coins issued by companies
like USA Tether. Now USA Tether was just at the
(40:57):
Beaver Creek Mining Summit recently, the biggest mining summit here
in the United States, they've already bought over eight billion
in gold held in Swiss vaults. And when we use
these stable coins, there is interest attached to the treasuries
that are backing it. But when you spend the stable coin,
the stable coin gets burned. The interest in the treasury doesn't.
(41:20):
What they are are by law have to do is
buy more treasuries to push interest rates down, and they're
buying gold and bitcoin. Now they're buying gold to devalue
the dollar. That's what it's ultimately about, and to build
the asset base of gold, but to devalue the dollar
to make exports more reasonable ultimately, and the Russian finance
(41:44):
minister just came out and said they're going to screw
the world. They're going to put all the debt into
the cloud and do it that way. Well, what he's
saying is they're going to use the synthetic demand created
through the stable coin issuance of moving money around and
put part of the proceeds into bitcoin to push bitcoin
way up to pay off the debt. Now, does that
mean a rug pull is emin it. Maybe I don't know,
(42:06):
and maybe some people would disagree with me. I'm just
saying I believe that's what they have intentions of doing. So,
valuing the dollar and paying off the debt.
Speaker 6 (42:15):
Using bitcoin and gold are going to bow skyrock.
Speaker 4 (42:18):
I do. The point of it is is that I
couldn't make an argument, and I don't want to fight
with the bitcoin crowd because I'm not a bitcoin guy.
But I think we are stronger together than a part.
I could see gold going to a level that no
one ever thinks possible and never coming back down because
the bricks are going to use it for a common
settlement feature where they settle in balances between local currencies
(42:42):
and trade imbalances and gold through all of these multi
jurisdictional vaults using a digital system. Bitcoin, on the other hand,
I think they're going to let it go higher than
people think possible and use it to pay off the debt. Now,
does that mean a rug pull? Maybe? Does that mean
what is the future for it?
Speaker 6 (42:58):
Don't know, XRP and some of these other ones X,
I don't know.
Speaker 4 (43:04):
I'm not the right guy to ask, And I just
think that the one common denominator between the gold community
and those you know, you'll find it's interesting the bitcoin
people don't usually get along with the XRP people and
vice versa. The one thing that I've tried to do
is bridge the community. Is I speak at the XRP convention.
I've had Natalie Burnell who is bitcoin, and Mark Moss
(43:26):
on my show Bitcoin, and I've been on lots of
shows where it's XRP only and Bitcoin only, not because
that's what I believe in, but because I think we
all see the world in a very similar light. That
there are big problems here in the United States, with
monetary and fiscal problems and irresponsibility, and bigger problems geopolitically, morally, socially,
all the stuff we've talked about and covered, and the
(43:48):
thing that I think is silly is mutual exclusivity. You know,
you want to Someone once said to me who I
valued his opinion a lot. He said to me. This
was a man named John Pierre Luvey, and it had
to do with a Swiss investment program I was in.
And after talking with him for a while, I said,
Jean Pierre, there's virtually no diversification in this whatsoever, you know?
(44:08):
And he says, you know andy diversification was a tool
created out of fiduciary responsibility by financial advisories. He said,
if you are a diversified individual, you are the best
of the worst or the worst of the best. Very
often things don't move in harmony. He said. The way
to win, and Richard Russell said the same thing is
to identify the primary trend. Now in Minnesota, the primary
(44:31):
trend of the Mississippi River starts up in northern Minnesota
and flows south. So he would say, you jump in
with both feet, plug your nose, and go underwater. You
go in hard, but you diversify within the primary trend.
You can be diversified into precious metals, bitcoin, alt coins, farmland,
agricultural ETFs, oil and gas. You are broadly diversified within
(44:55):
a primary trend. And so what I'm saying is that
we're more alike than we are apart. And two, to
be divisive with one another instead of cooperative and listening
to other people's viewpoints is something that is lost in
this country. And you never grow if you never if
you never listen to other viewpoints. So I'm not at
odds with them, but I don't follow it the way
I should just trying to bridge the gap a little
(45:17):
bit and say, hey, you know, if you make some
of profits with these these cryptos, pitcoin or XRP, consider
taking some off the table and putting it in six
thousand year old wealth instead of pedging all of your
bets on technology that's barely a teenager. Now you know
people want to invest in XRP, go for it.
Speaker 6 (45:37):
Well, you need you can't put it all.
Speaker 5 (45:39):
If you're going to be putting all your investments in crypto,
you're making a mistake.
Speaker 4 (45:44):
I think you need we're all in gold, same mistake.
Speaker 5 (45:46):
You need to diversify for certain Well, okay, Andy, I
wish I had my vacation like you.
Speaker 6 (45:52):
Your kids didn't get much you they didn't get their dad.
But did they care? I mean, do their kids are
your kids at the age or they give a car out?
Speaker 4 (46:00):
It's weren't even there on this vacation. That was my
wife and another couple.
Speaker 2 (46:03):
Oh yeah, they didn't get to take a vacation.
Speaker 4 (46:06):
No. No, I saw the inside of the hotel room NonStop.
But you know, look, when you've been doing stuff as
long as I have for thirty five years, you know
when it's time to do stuff like that, So there'll
be another vacation. Let's hope.
Speaker 6 (46:21):
Yeah, let's hope.
Speaker 5 (46:22):
Okay, well, good, well, thank you so much for coming
back to the program.
Speaker 6 (46:25):
We'll have you back next weekend.
Speaker 5 (46:28):
I'm sure there's gonna be a whole bunch of more
suff going down, because.
Speaker 4 (46:31):
Holy there will be, there will be, and I always
look forward to it. Sarah, thanks for having me again.
Speaker 2 (46:36):
Okay, talk to bye.
Speaker 1 (46:56):
Hi everybody, it's me sind Relax. You are listening to
the Fringe Radio Network. I know I was gonna tell them, Hey,
do you.
Speaker 2 (47:07):
Have the app?
Speaker 1 (47:08):
It's the best way to listen to the Fringe Radio Network.
Speaker 3 (47:11):
It's safe and you don't have to log in to
use it, and it doesn't track you or trace you,
and it sounds beautiful.
Speaker 1 (47:20):
I know I was gonna tell him, how do you
get the app? Just go to fringeradionetwork dot com.
Speaker 3 (47:27):
Right at the top of the page.
Speaker 1 (47:30):
I know, slippers, we gotta keep cleaning these chimneys.
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.