Global Elite Planning for War Chaos and the Monetary Reset has Been Ongoing w/ Andy Shectman

➡ The text discusses the responsibility of countries with nuclear weapons, emphasizing that these should never be used as threats. It also mentions a collagen product beneficial for those over 50, and a business show discussing war, economy, and potential Federal Reserve chairpersons. The text ends with a discussion on the impact of war on long-term bonds, suggesting they often suffer losses due to inflation and uncertainty fears.
➡ The discussion revolves around the potential for escalating conflict involving Iran, Israel, and their respective allies, including the United States, China, and Russia. The conversation also touches on the power dynamics within Iran, the role of the Shanghai Cooperation Organization, and the potential economic implications of a global conflict. Additionally, the conversation delves into the current state of the stock market, with institutional investors selling off their shares while retail investors are buying, potentially indicating a future market downturn. The speakers express hope for a peaceful resolution to the geopolitical tensions and caution against the potential economic fallout of a major conflict.
➡ The Federal Reserve’s balance sheet has grown from $800 billion in 2008 to over $6 trillion now, with a peak of $9 trillion. This increase is due to the Fed buying treasuries and mortgage-backed securities, which lowers interest rates and encourages debt accumulation. However, when interest rates rise, borrowing becomes more difficult. The Fed can either lend money to the public or keep it in a reserve account, and currently, there are calls for the Fed to stop keeping money in reserve as it reduces the amount of money in circulation.
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Sam SA war and civilian deaths. It’s, it’s awful. I mean there’s, it’s not even about what side you’re on when you have a country. I guess if we’re going to make a statement about it that, you know, there’s a certain responsibility to possessing a technology that can wipe humanity off the face of the earth and you don’t hear any of the countries that possess nuclear weapons saying, you know, Israel is the little Satan in the United States is the big Satan. And it’s our, you know, our dream to wipe both off the face of the planet.

Just a quick break from the program to share with you this amazing collagen peptides something that I think everybody over 50 really should be using. As you age you lose collagen. And if you want to maintain strong bones and, and healthy hair and glowing skin, you need to be taking collagen. It’s something that I take every single day. And this is an amazing brand from Native Path. They only use the best collagen and they give you type 1 and type 3. You should read about it. I have the link below@getnativepath.com Sarah I have a doctor of physical therapy who put Sara seven reasons together of why you should be doing this every single day.

Go to getnativepath.com Sarah and you can save 45%. Again, that’s getnativepath.com Sarah and YOU can save 45% and also get free shipping. And don’t wait because this is really something that all of us need every single day to stay healthy. Welcome to business Game changers. I’m Sarah Westall. I have Andy Schectman returning the program for our Friday night economic review. We’re going to be talking about war. We’re going to talk about how that’s affecting the, you know, the economy. We’re also going to be talking about who the potential Fed chairman is, what that means and we also get into, you know, more about the scams, IRA scams, but in, you know, individual stories so you can kind of hear what’s going on there and then some other behind the scenes stuff.

It’s always great. I haven’t had him here for the last couple weeks so it’s good to have him back. If you are interested in getting information about gold and silver, go to sarah wesell.com Miles Franklin and you will get access to the private price list. And also if you have questions about whether you’ve been scammed on the ira, fill out that form as well. And I Get that directly to Andy. Okay, let’s get into my show with Andy Sheckman. Hi, Andy. Welcome back to the program. Sarah, I have to say, you look fantastic. Whatever you’re doing, it’s working.

Those peptides seem to be working, so it’s good to be here. But you look fantastic. Thank you. People need to go to my substack article where I can look at me from eight months ago. It was like, oh, my God, you know, and it’s not that you didn’t always look good, but you’re, you’re, you’ve got a. Almost a glow to you. So I’m being dead serious. It’s working. I can see it. Well, thank you. And I know a lot of people are asking me, what the heck are you doing? And so I’m going to keep putting out these guides.

I’m on this mission to figure out regenerative medicine, biohacking, and so I’m really diving into it and from all different perspectives. So stem cells, exosomes, peptides. Yeah, I think that’s the future because it makes a difference in how you feel and look and everything. But anyways, we’re going to be talking about another thing that’s a future today. And I want to, I want to bring up war because there’s a back, you know, the Israel being bombed and, you know, Iran being bombed doesn’t seem. Well, that’s a big deal too, because that’s usually been a red line.

They bomb all the other smaller countries that don’t have as much power, but they haven’t bombed Iran. They just complain about Iran and do more soft kind of warfare with them. Now it’s, it’s. They’re bombing each other. I. In Israel being bombed, this is a whole. These are red lines that have just been crossed. And so what do you think about that when you hear that? And how is that going to reflect in the markets? I mean, anytime you see war and civilian deaths, it’s, it’s awful. I mean, there’s, it’s not even about what side you’re on when you have a country.

I guess if we’re going to make a statement about it that, you know, there’s a certain responsibility to possessing a technology that can wipe humanity off the face of the earth. And you don’t hear any of the countries that possess nuclear weapons saying, you know, Israel is the little Satan in the United States is the big Satan. And it’s our, you know, our dream to wipe both off the face of the planet. Well, that’s a, that’s a line, I think a hypothetical line that when you say it, you’ve crossed it. And I think that responsibility in the countries that do possess this technology to understand that it’s something that should never be used, it’s a deterrent.

It’s not. It’s not something you wave around as a threat. I’ll give you an example what I mean by that. I mean, and, and I have a concealed permit. You don’t need it down here in Florida. But when I used to live up in Minnesota, you did. And my conceal instructor, he was a. A former guard at Sing Sing Prison. And he said to me, listen, there’s a great responsibility in holding a firearm and possessing one and concealing it. He said, if you ever use that firearm, you need to first of all be able to prove in a court of law that you’ve exhausted every other attempt to flee, to diffuse.

If, if, you know, if, if you have no other option but to protect yourself or someone near you, then you use it. And he said, you pull out the gun, you empty the clip and you use it, period, to kill someone. You never, ever, ever use it and wave it around to threaten to say, I got a gun, you better watch out. No, the only time you use it is if all other options were exhausted and you understand that what you are doing is killing someone. Now, that’s a pretty heavy thing when you think about it.

You’re held to a higher standard, in essence, you don’t say, I’ve got a gun and you better get out of here. You only pull out that gun when every other option is exhaust exhausted. And, and when you look at the difference between all of the countries that possess nuclear weapons and a country like Iran, you’ve never heard any of these other countries say those kinds of things. I think when you look at Iran, I think the people in Iran are far more moderate than their ruling leaders. That’s right. The Lee and the leaders are the ones I think you will see.

And it appears as though the war is, I know it, this is hard for people to get, but I think the war is all but over. And really, yeah, I do. And I’ve been following it very closely. And it appears as though the majority of the ruling leaders in Iran have fled. Their ability to launch anything in terms of missiles has been massively compromised by the Israeli military. The air force in particular. They have mobile missile launchers that they put on the back of trucks and they drive around looking for, you know, safe places to shoot it.

But the minute that gets picked up by the Israeli Air Force. They bomb it, they don’t have anything stationary anymore. And, and it’s one of these deals where I think it’s getting close to being over. Let’s hope so. But suffice it to say the bottom line is simply this, that it’s, it’s, it’s, it’s not something that I think is anyone should be look at it any other way than with sadness and war sucks. But you know, I think to an extent the ruling class in Iran brought this on themselves by, by their narrative. And if you are going to possess that kind of power, you can’t go around saying your goal is to wipe countries off the face of the map.

You just can’t do that. And that’s, that’s the problem. I don’t even like to comment on war but simply to say it’s something that I hope comes to a resolution quickly and hopefully peacefully. If you drag the United States into this to some degree, that’s when things can get very hairy. And at least in terms of American markets, typically when you get into a war, long term bonds are often the casualties of said war because investors would shift to shorter term duration bonds or gold or other safe havens. Long term treasuries being a much riskier asset in a volatile environment.

And that’s the last thing that this administration wants us to see the 10 year treasury go higher. Bottom line is long term bonds tend to underperform or suffer losses even during wartime largely due to inflation fears and uncertainty fears which leads to rising rates and a flight to liquidity and to safety. That’s interesting. So you think that. Because I’ve had just had Michael Yan on, I just interviewed and his viewpoint is that this might be a bigger deal than what people think because Iran is backed by China and Russia and that they there this is a, he just says that this potentially could be a bigger deal than people realize.

Well, I think it had that potential. I would like to think it’s, it’s not going to be any longer. I think so. And you know, look, the difference is what Israel has been doing has been going off after their nuclear reactors, their television stations which are controlled by the radical rulers, not by the people they’ve been going after their capacity to wage war whereas the missiles that are coming in into Haifa and into Jerusalem are killing civilians. And that’s a line I think it’s difficult to cross. It is. You know, I don’t know that. I think that’s the problem is that Israel doesn’t really have a moral high ground because of what they’re doing in Gaza.

And so people are, are, is Israel’s kind of, as Michael Ayan said, they’re kind of like the, the bad girlfriend that for the United States. They keep getting them doing things that make the sucking the United States into bad situations. But I think Iran, I just had a freedom fighter from Iran on and he is from the resistance, the largest resistance in Iran and they’re about democracy and that there’s, there are huge movements. It gets exactly to what you’re talking about. The average people aren’t as extreme and the, the leaders in Iran are very extreme. Even, even many of the Republican Guard are not extreme.

This goes back to the, when the Shah of Iran was overthrown. And you know, this goes back many years and, and I think the people, quite frankly, would be happy for a regime change. That’s the bottom line. And you know, again, commenting on, on who’s right, who’s wrong, I think is a difficult thing from over here sitting in a, in a comfortable chair in Boca Raton. None of us can understand, you know, the perspective properly. But I will say let’s just hope that it ends peacefully. The last thing anyone needs is to be dragged into a World War Three.

And you’re right, China has come out publicly and expressed the right, or their belief that Iran has the right to defend themselves, and rightfully so. And of course, Iran is part of the brics, is also part of the Shanghai Cooperation Organization, which is the largest regional military organization in the world. So that’s what people don’t understand. This Shanghai Corporation. Can you explain what that means and how that, how much of an economic force that is? Yeah, the sco, I mean, we can look it up right here just to see. I don’t know the exact numbers, but the Shanghai Cooperation Organization, let’s look it up because I think that is a backdrop.

You know, the economic reset always is going to be every time through history. If you look all through history, whenever there’s weakness in global power structures, that’s when wars are more likely to occur because people are trying to grab that power. And we are going to see more and more turmoil while this stuff is resetting. Yeah, absolutely. Let me just see what percentage of popular GDP and population globally. I would say it’s probably about 30 or 40% of GDP at least. Let’s see. The Shanghai Cooperation Organization represents a significant portion of global GDP and population. Here’s a breakdown.

About 40 to 42% of world population. 25%. Well, there’s different sources between it’s a most say 43%, 20 to 23% of global GDP and that’s because the, the wealthier nations are the United States, you know, European nations. We are not part of that and we have higher gdp, that’s why. Correct. That is correct. And but you know again you know when you’re talking you know 40 plus percent of global population and 20 plus percent of global GDP, that’s just the SEO. Now you add into it the Eurasian Economic Union and they’re very closely aligned. Those are the countries in former Soviet Union that then Stan the Kazakhstan and then you have the, the BRICs and of themselves and let’s throw the belt road into it.

You’re talking 90% of population. These are the countries that are all aligning together. And one of the things that I think is, is we should be thankful for is that we haven’t seen other countries come into this fray which would then quickly bring in World War iii. You have the United Kingdom and France who have already said that they would step in on behalf of Israel. The last thing you want is a NATO war against you know, the BRICS nations. It’s the last thing anyone wants, trust me. So let’s hope that this, this ends in, in a, A, a more peaceful manner than what we’ve already seen.

But to see innocent life die in on any side. That’s right. Is never, is never something good. But yeah, I, I think it will. It could only potentially exacerbate greatly the problems here that we find in our own economy if indeed the US gets dragged into this largely inflationary and higher interest rates, loss of demand for the 10 year treasury and those kinds of things which is the last thing that really we need. Well and the other thing that I talked to Michael Yan about is there’s flashpoints of economic control whether you’re talking about the Swiss Canal or the Panama Canal.

And once those things get under control you’re going to see that the markets get spooked as well. Yeah, well and I’ll tell let’s talk about that for a moment because first of all let’s look at at just one. I’ve talked a lot about the insider selling and there are two guys, Mark Stevens and Tench Cokes. E N C H C O X E I don’t know what, what nationality he is but they’re the second and third largest individual shareholders and board members of Nvidia. They dumped a combined $194 million worth of Nvidia shares at the Same time.

But the point I want to make is that the first week in June forward, professional investors sold 4.2 billion in US equities the first week in June. 4.2 billion over the last four weeks. Institutional investing. Institutional investors selling. These are the most sophisticated investors in the United States. They’ve dumped on average $2 billion of shares per week. Where is it going then? Where’s that money going? Go ahead. I’ll tell you exactly where it’s going. They’re selling and guess who’s buying. The retail investor is buying the mon. Pot. Retail investors are now all in in stocks with the highest equity allocation in history.

Retail investors bought $700 million worth of stocks first week in June, but bringing their four week average to just over $400 million per week over the last 12 weeks. Individual, individual mom purchase 1.6 billion in US stocks on average each week over the last 12. And so in essence what you have is the most well informed and well funded investors in the world are selling to the public and the public is buying. I think of Warren Buffett. He’s been on the sidelines for quite some time with 500 billion. I know. So what is. It’s in cash.

That’s what I want to say. Are they just sitting in cash waiting for things? They’re in very, very, very, very short term. Treasury 6 month duration or less. That’s what I want to know what they’re in. Yeah, they’re in super short term duration treasuries. But the, the moral of the story is the sophisticated investor is selling as the retail investor. You and me are buying. What could possibly go wrong? Because these are the people that know what they’re doing. Yeah, they dump it on the other people you want to get out. If they’re buying, you get out.

And if Warren Buffett is sitting on a lot of cash, he’s doing it for a reason. They’re looking for the market to fall so they can clean up when it falls. That’s what they. Correct. And they suck in the, the retail investor. Those people buying through their 401ks and their IRAs and their account at Schwab. And they’re selling, they’re, they’re taking their gains that they’ve made over the last several years and all of these equities and it’s concentrated into the Mag 7 predominantly. And they’ll sell. As you saw, the two board members, two biggest shareholders just sold almost $200 million worth of stock in one day.

Why would they do that if they expected higher Returns now they wouldn’t. And so what you’re seeing is this sophisticated institutional investor is selling as the retail investors running in the door, they’re bypassing each other. And as the institutional investor sees them going, those guys are in trouble. As they, as they run past them suckers, they’ll say whatever they’re saying. You don’t see people at that level sell if they’re bullish. Well, and that’s what you happened in 2008. A lot of people took it through the nose while they cleaned up. And so you’d want to learn from that situation.

Right. And why did the market rebound since 2008? Well, if you look at the balance sheet of the Federal Reserve in 2008 it was 800 billion. Right now it’s just over 6 trillion, which is the lowest it’s been since 2020, 2021 when they added, had it all the way up to 9 trillion. In other words, the, the Fed added at its peak over $8 trillion worth of treasuries and mortgage backed securities which would depress interest rates, make the, the, the mortgages cheap. And when you have super low interest rates, it incentivizes not only risk and speculation, but it also incentivizes debt accumulation.

Well, I can buy that, you know that, that Cadillac Escalade instead of the Suburban, who cares that it’s 40 grand more 0% interest for you know, 70 months. Or I can buy that extra big house that I want because I got a 3% mortgage. Or you know, so when you have low, low interest rates, it distorts asset prices, it creates misallocations of capital and resour poor decisions, incentivizing indebtedness, even corporations. Well, let’s build another wing and hire 80 more people. Let’s do that project we’ve always wanted to do because money’s cheap and then bang, rates go up, the cost of money gets higher and the, the credit needed in order to borrow money becomes much more, much more challenging.

Because the banks would rather just give their money to the Federal Reserve earning four and a half percent with no risk rather than give it to you, Sarah, to, to take out a home equity loan to redo your kitchen in your living room because you’re a risk, the economy is a risk. But hey, I can leave it at the Federal Reserve with safety. So when the Fed has money, when they sell bonds as an example to the treasury or to the Fed, so they buy bonds from the treasury, the banks do, the big banks and then the treasury or the Fed, if they Come and say we’ll buy those bonds.

They’re obliged to sell them to them with that, with the proceeds of those sales, they can either lend it into you and I to you and I in the form of a credit card, a mortgage, a car payment, whatever. That’s how money is created. It’s all money is lent into existence. And when it’s lent into existence, when they lend you that money now you have money that’s created, you put that money goes into the bank, only 10% stays there. The other 90% is lent out for more loans. And this is how the fractional reserve system works.

Or they can give it to the Fed and leave it in a reserve account. In other words, those are the only two things they can do. Lend it or leave it in a reserve account. So the question is, do I want to lend it if I’m a head of a bank to, to the. Into this economy with this kind of risk, or do I just give it back to the Fed? And so you’re seeing actually there, there are movements out there saying that the Fed should not be allowed to do this anymore because it’s all of that, that money that could be out helping the system is contracting the credit.

When they come in and they buy the bonds, that, that money comes out of circulation and instead of adding it back in in the form of money to le. Why they’re giving it to the Fed. So, yeah, it’s a situation where things are starting to get a little bit, a little bit dicey. They starting to. I mean. Yeah, well, that’s what we’re dealing with. And I think war is escalating and I mean, I don’t know. I hope, I hope you’re right that they’ve calmed that down. That’s, that’ll be. I do believe they have. There’s a wonderful website, it’s called Tusi tv and he’s an Iranian who lives in the United Kingdom.

And his reporting is out of, out of sight. The website is spelled T O U S I T V T O U S I And, and right. You can see what it is right now. You can see what they’re saying. It’s a live stream that, that the, that he surrendered power to Mane. So I don’t know. That’s breaking right now. And he’s been dead on. I’ve been watching him. Everything he says you, you hear there before you see it on Fox. And he’s been really good. So, yeah, I think it’s dying down. I truly do. I guess we’ll see but the only thing that would be left to do for the Israelis would be to triple their infrastructure, their nuclear infrastructure, so that they can’t come back and make a bomb.

I don’t know if they’re going to do that because like I said, their people are far better than their rulers are. You could say the same thing about the United States, actually. I mean, look at the politicians, the people in, in Congress, and you shake your head, you know, and like, some of these people are so, so out of touch. I would say that the American people at large are probably a lot better than their representatives, but it’s different in place. Like Iran, where, you know, the, the repression of women, as an example. The, the, you know, repression of that.

I just said the Iranian freedom fighting they had on 30,000 people were killed in a trial just last year where they spent two to three minutes per person. Yeah, I mean, well, that’s the point. That’s the point. And when you talk about that type of regime holding a nuclear weapon, it’s a danger to the world. Yeah, absolutely. So that, that’s, that’s the issue. But let’s hope we’re past it or we are shortly past it and cooler heads prevail, because if not, we would expect to see some, some real ramifications in the markets here in the United States, which fortunately we haven’t really seen yet.

Which is good. Yeah. Because you’re going to see if this escalates to a broader war to, you know, World War iii, which is what people say we’re already in. I mean, that’s what I’m hearing from people. This is a flash point of that war. We’re going to see it. It certainly could be. Yeah, we’re seeing it affect the, the markets and you’re, of course, you’re always in the precious metals, but precious metals is something that is a safety. It’s an insurance. Right. It’s not necessarily. While it could be a big investment with silver, I think it’s really should be looked at as just an insurance, shouldn’t it? We’ve been told our whole lives that wrinkle cream is the best way to look younger.

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And they’ve tried all sorts of stuff. So if you are interested in trying it just like me, you can go to bhmd1.com Sarah or click on the link below in the description box. That’s bhmd1.com Sarah 100% gold and silver are wealth. You don’t own them to get wealthy. You own them because they are wealth that has outlived all of these things that the world has thrown its way. From wars to inflation to deflation to depressions, pandemics, it’s still wealth. And what we’ve seen over the past several years, and in particular this year, is huge deliveries off of the world’s exchanges, repatriation from the bank of England and the New York Fed, which were the traditional hubs of safekeeping, which gave access countries and sovereign wealth funds and big money pubs would keep their gold at the bank of England, which would give direct access to the London Metals Exchange, and in the New York Fed, which gives direct access to COMEX.

There are 40 banks, 40 central banks have brought their gold home from these two hubs. And now we’re seeing the largest deliveries in the history of the Comex market. We’re seeing that now. The May contract was the largest delivery ever in the history of the Comex market here in New York for both gold and silver. But this is month over month over month. There are huge money interests that are not only accumulating gold and silver, but standing for delivery and bringing it off of the exchanges and taking it out of the traditional centers of safekeeping. And that’s what we’re thinking.

It’s going to be reevaluated Right. As a backing. What do you think Trump’s going to do with the Federal Reserve chairman? Do you think he’s going to name a new person? Do you think he’s going to have the political, you know, power to do that? Yeah, I think he, I think he had mentioned maybe even as soon as this Friday. Now with what’s happened, I don’t know if he will. It’s coming soon. My guess, my hope is that it’s Judy Shelton. I’m very much hopeful for that. I think there are very few people qualified to, to, to do the right thing the way she is.

She is a Austrian economist, a student of Austrian economics. She advocates for gold being tied to the monetary system. We’ve talked about this before. In my interview with her on my channel, she said that she was told by President Trump that he would issue gold backs treasuries 50 year in duration to begin with next July 4, 2026, which is the 250th anniversary. Andy, she said in no uncertain terms that’s what he’s going to do. He’s told me. And that would make sense if you believe that would make sense. If you look at what’s happened with all of the gold coming back and it’s, it’s slow rise now, you know, the amount of gold that’s come into this country since November rivals the amount of gold that came into this country after World War II with the Bretton woods agreement where everyone sent us their gold for safekeeping and then we bought their gold at 35 an ounce with the promise they can return it anytime they want.

Those dollars for gold at $35 an ounce. So everyone sent us their gold, especially from war torn Europe at the end of two world wars. They, you know, we, we have never seen more gold coming into this country since then. And so the first step would be to reshore it. That’s what we’re seeing. And you know who’s got this kind of bread where you’re, you’re seeing eight and a half billion dollars worth of gold come in in the month of May and four and a half come in in March for people, for institutions, they’re not by the banks.

They, they plainly say these are deliveries for people or clients. Or is it the treasury, is it the Fed? Don’t know. But my guess is it it would either be Scott Besant who would transition Treasury Secretary to head of the Fed. And I’m hoping it’s Judy Shelton who was Trump’s nominee in 2016. But due to partisan politics wasn’t confirmed. So. Yeah, and that’s why I wonder if, if he’d be able to get her confirmed this time with the partisan and politics in place. Well, they do hold, they do hold the, you know, the break, the tiebreaker.

Yeah. In, in the Senate and, and in the House they have the, the numbers. So maybe I think it’ll be smooth the way most of his appointees were, you know, flew through any type of different, different story this time. Yeah, but this is big, you know, it is big. And, and you know, Trump is pushing Powell to lower interest rates and you know, they’ve tried that already. They lowered rates but the ten year treasury went higher. The Federal Reserve can only lower the front end of the curve. It’s the overnight lending rate, the federal funds rate that has nothing to do with the ten year Treasury.

And, and so you know, they can make short term rates very cheap but the 10 year treasury moves, has been moving in the other direction and that’s not supposed to happen. And the reason that is, is because we’re so indebted and because we have been weaponizing the treasury market and the dollar for a long time, really doing so on, on the world stage with Russia and Iran kicking them out of swift stealing, stealing their treasuries. Now you can say what you want about war and the United States certainly is not immune to these types of things.

Look what we did in Iraq, we invaded them, you know, 21 years ago, 22 years ago under the guise of weapons of mass destruction and guess what? We’re still here. And we never found the weapons. So we destroyed their country and toppled their regime and the weapons were never there. I mean, if it were the other way around, right. If this was Israel or another country doing this to another country, wouldn’t there be all sorts of finger pointing? I can’t believe, you know, but we’re the U. S so we’re held to a higher standard supposedly. Right.

Well, look, I’m a patriot. I love this country. I don’t want that to, to come across the wrong way. I’m trying to show people to look at things through the other lens. And so I think that, you know, much of the world looks at us as not being perfect, certainly. So yeah, like we give ourselves. Is the bottom correct? They’re not giving us that grace. Yeah, correct. And, and yeah, so it’s, it’s, it’s a big deal. I just, I just think that, you know, let’s just hope, let’s just hope that we can get past this quickly and start rebuilding.

But I, I do think that gold will be center to a new system. I truly do too. I’ve heard everything I’m hearing and if Judy Shelton actually got put in place, I think gold would soar right away just based on the fact that that’s what they, I mean it soar pretty soon based on the fact that we know that’s what her mindset is. Do you think the other guy beset, would he, does he have that sort of mindset? Well, he, you know the one thing that makes me nervous about him is he worked for George Soros and he ran his hedge fund.

He is a self proclaimed gold bug. One thing that he said that was very interesting not too long ago with that there would be a new Bretton woods during this administration. In other words a new system that would arise. New monetary system. What does that mean? There’s an interesting chart. I wonder if I can. That’s a big deal. You know, George Soros, someone that is works for George Soros. Being appointed as the Fed chairman would be very scary. I think there’s no question about it. Yeah, I mean no question about that. Assuming he’s still alive. The problem is you don’t know what’s in someone’s heart, whether they’re still aligned with the person or not.

But it’s right. It’s a lot of smoke. Yeah. But he is someone who understands gold. He is. It was his largest holding when running the hedge fund. He gets it, he understands it. So does Judy. Her book as Good as Gold obviously says that there’s an interesting. You know, people talk about gold and, and they think it doesn’t do much. It’s interesting if today with, with the average price of the house at $416,900 and gold at 3,390, we take the average price. 416. 9. Oops. 4 16, 900 divided by 3,390, you get 123 ounces of gold.

That’s how much it would be to buy a brand new house with gold. 123 ounces. Well if you go back to January of 2000, 25 years ago where gold has done nothing and is there no interest in 25 years? 0 interest. Gold was priced at 274.50 on January 1st of 2000. So 274.5 times 123 ounces. $33,700. That’s how much in 2000. And now it’s 417,000 with no interest. So what happens is gold has a way of quietly outperforming expectations, quietly outperforming the market. It’s the tortoise, not the hair. Like you look at the finish line. How held back the tortoise get here? Because it’s 9.9% on average compounding per year for the past 25 years.

My advice to people would be to look at silver right now for young folks. Look at silver, stock up on silver right now. You know, the baby boomers hold virtually no silver or gold and virtually no silver. They have very little gold and virtually no silver. To me, a few thousand ounces of silver 10, 20 years from now might buy you that same house just the way gold has today. When in 2000 at 250 bucks announced, no one wanted it. So I don’t know. I think that we are entering a period of time where real assets are going to take the place of promises debt based system where another country’s debt is considered an asset.

Instead, people want tangible assets that are real, that have been viewed as wealth forever. And that’s what we’re seeing happen across the globe. And here right now. Are you. Yeah, let’s just hope that. I’m sorry, go ahead. I was gonna say, where are you speaking next? I know you go to conferences all over the place. Can people actually go and watch you someplace? Did you have a speaking tour that you. Yeah, I’ll be speaking. I will be speaking in July in Boca Raton at the Rule Symposium. Rick Rule, he’s done more for me in my career than just about anyone in the world.

I’ve. I’ve been associated with him closely for over 20 years. And it’s, it’s a really great conference. I do typically two to three conferences a year. The two that I will never miss would be Rule Symposium and Boca and Jay Martin’s Resource, Vancouver Resource Investment conference in Vancouver in January. I am on a panel in November in New Orleans at the New Orleans conference, which is the oldest precious metals conference. And I was just, I just returned from the XRP convention in Las Vegas. I have an open mind, you know, I have an open mind. It was great.

I was blown away, blown away by how many people knew me there. And because I think everybody knows who you are. I mean, that gets to a point where, you know, people said that they know who I am now. And I’m like, I don’t know. I walk around without. I have my hair in a ponytail and no makeup and my sweatpants. So people see me everywhere. You can see me for Real. But, you know, they claim that maybe I should care more, but I don’t care. I’m hearing that more people know who you are but you.

Because you’re everywhere. Right? It’s been amazing. And we are upping our game. I’m doing, I think, tomorrow podcast with Lyn Alden, and we’re using our new studio, which is three rooms down, which we just built, which is outrageous. No more dogs barking in my. The middle of my podcast. You can’t hear it because zoom, your zoom is filtering it out. You can’t hear it. Well, that’s what people say, but it’s really loud on my end, and I. It’s hard to rationalize that when it’s happening. But, you know, I appreciate that, Sarah. I worked real hard at it.

I spent three hours a day, seven maybe sticks, and the only day I don’t really is Friday. I. I need to unwind a little bit. But doing 15 plus podcasts a week, you’re doing. It starts to wear. I’m tired just hearing what you’re doing because I’m doing too much. And then I hear what you’re doing. Oh, my God, Andy, I can’t even believe you can do this. So, you know what? When you’ve been. When you’ve been doing this as long as I have, Sarah, for 35 years, most of it, you know, really trying to make your mark, you know, when it’s your time.

And. And because of that, I look at it as a responsibility and I spend an awful lot of time researching and studying so that when I am talking, I at least am giving the right information. Maybe it’s from my viewpoint, but I try and be objective. I really, truly do. Because if you’re not objective, you become transparent. And that’s right. I try and find holes in my argument and I do my best to, like I’ve always said, you’re more the news than the news is because the news doesn’t provide anything but decisive. I mean, divisiveness. And.

And what you are providing is a platform for people to hear real news, real facts, and people who are experts coming on and actually having a conversation. You’re going to get more than three minutes on a network, you’re going to think about it. Go ahead. All. All we heard, Sarah, about the USAID is, you know, how horrible it was that we did this, how horrible on the media, how horrible that we did this. And this was such a vital. How many people have even heard from the mainstream talking about the four individuals that had just pled guilty to contracting.

It says four individuals, a USAID contracting officer plus three corporate executives pled guilty on June 12 for their roles in a decade long bribery and fraud scheme involving at least 14 government contracts with a combined total of more than $550 million in federal funds. Why is no one talking about that? That’s the, this is the kind of stuff all day long that drives me crazy. Or how about this one? This one even bothered me more. Earlier this week, ABC journalist Jory Rand thought to reframe the escalating violence on the streets of la, even as his own channel broadcast images of cars completely engulfed in flames, the thick black smoke billowing into the night air.

Here’s what Jory had to say. Nothing there was. Noting there was a large group of people running wild. Rand said it could turn very volatile if you move law enforcement in there the wrong way. Of course. Blaming Trump for bringing in law enforcement. And turn what was just a bunch of people. Get this. And turn what was just a bunch of people having fun watching cars burned into a massive confrontation and acceleration between officers and demonstrators. So I don’t know about you, but when I grew up in Minneapolis, that was what I did. On Friday nights, my friends and I would just get around and a large group of us and we’d hang out and watch cars burn to the ground.

We’d set them and then. Yeah. Didn’t everyone do it first and then we’d watch and enjoy it? Yeah. No. Didn’t everyone do that? And, and the mainstream’s flagrant compulsive deception is pathetic. And he looks right. I mean anybody who has any kind of objectivity can see through it. But the problem is they don’t. There’s. If you can brainwash people and that’s what they’re doing. They’re so used. I think the arrogance is they’ve been so used to doing it for so long that. And now it’s starting to change and they don’t know how to. They’re kind of reeling from it, but there’s still huge groups of people that follow it without thinking.

I mean, yeah, totally more obvious to us. They’re like, wow, you didn’t even thinking at all through this. Okay, I, I have sent you more than a hundred people who’ve been scammed by IRAs. And I didn’t realize it was as much as it was until I went through the list and I was really saying, wow, I’ve sent you a lot. And that’s a lot of them are couples. So that’s Just a hundred couples and usually is about what that is. And there’s, that’s just the tip of the iceberg of the people who have been scammed. It is incredible.

When I, I asked you the other night on I, I think last Friday night, you sent me a text and I texted you back and said, be honest, did you ever in a millionaires when I told you about this three, four, five months ago, would you have ever believed it was bad as it was? When I tell you the stuff that I’ve seen is, is, I mean, these are people your parents age, Sarah. These are people that don’t have the ability to make that money back like you do. They lose that, they’re done, they’re screwed. And it’s so repulsive, it’s not even funny.

Well, and there was a person that came in, they invested all of their life savings, three IRAs, over $2 million. It. One of the spouses didn’t tell the other one was 79, one was 82. And you know, not telling the other, that literally could crush them. I mean they could really. Oh yeah, they’re so we’re seeing all sorts of dynamics going on too. That is really sad to watch happen. I’ve had people cry to me, if my wife finds out, she’s going to leave me. When I spoke at John Claude’s conference in Ottawa earlier this year, you and I talked about that right before I left and I talked a little bit about it on stage.

I was asked a question and I had a man come up to me and, and, and said, my wife, she’s. She was blown away by what she heard. She doesn’t know that’s us. And he was crying. We walked around the corner, he’s sobbing. He’s probably 75, 80 years old. Please help me. Please help me. She’s going to leave me. It’s everything we have, you know, I mean, what do you even do when you hear that and say, you know, try to console. But this is what we’re seeing and people are desperate and, but you are getting people all of it back, all the principal back, plus interest.

You know, you’re not going to get like, let’s say if they invested a million bucks, gold went doubled, they should have 2 million in there. You’re not going to get all that back, but you’re going to get their principal plus some of that back. We get some of it back. I have my email right here. I was going to send to you. Let me see if I can find it. Whereas, you know, these People, they put in a million, it’s now worth 430,000 and it should be worth 2 million but you at least get their principal back plus so there is an email that you sent me on May 12th.

I don’t want to mention anyone’s name but the company Blank Gold paid she was her on her statement it was listed at like $320,000. She paid 600,000 for it. We got her back 730,000. And one of the things that my broker wrote in the email and I’m going to send it to you, in fact I’m going to send it to you right now so you can see that I’m being honest. This is an important thing I’m sending to you right now. Just sent it. What he said is paid her out 730k under 600 investment. The money’s back with I’m not going to mention the name of the custodian.

We should be getting an order. What does that mean? That means we do this with no, we don’t expect, there’s no expectation that they place that order with us. We hope they will. We will help them with no obligation on their behalf. Now if they’re happy and they want to stay in gold and silver, we will sell them gold and silver at the best price in the country and do it in the form of bullion. American eagles, gold bars, Canadian maples, whatever it may be, that value. So if they sell it at any other time in the future, it’s going to go up by the amount that gold and silver goes up in the market.

You cash it in, you will get what the market price is. Right. And the person was sold the entire thing in quarter ounce rounds. Now she’s talking quarter ounce gold coins. Remember I said to you a long time ago that for whatever reason every one of these companies sells the same thing, quarter ounce gold coins, every one of them. And the premiums that she was charged, it should be in your inbox. Now the premiums that she was charged were outrageous. And so we tell them what to say, we tell them the proper things to say and you know, look, on one hand I, it’s a difficult line to tread because I don’t want people to think that I’m doing this in order to step on my competition, that that’s the furthest thing from the truth.

I’ve been doing this longer than anyone for 35 years. And I started getting people coming to me and say well what do you think about these? And I give them bid prices, these oddball Quarter ounce coins that no one in the industry has ever heard of. And they call them specialty coins or special coins or, you know, whatever. They all do the same thing. And I come back to them, I say, listen, there is not one bid on the cce, which is a certified exchange. Not one company has bidden for this stuff. And I, nobody, I’ve never seen that before.

I say to him, I said, you want to sell Gold eagles? Bang, it’s done. Silver heels, Bang. It’s done. Maples bang. 1 oz bars. Bang. Ruger, it’s bang. Like sold. Done. Easy, quick. I said, I don’t know what these are. I’m doing. I’ve done 12 billion in sales. But. And then I’m like, well, we’re only going to be able to give you 99 of melt value. We got to melt them down and we can’t keep them. They’ll sit on my shelf for eternity. No one will buy them. That’s the cost of carrying. They just sit there and earn dust.

That’s like sitting in a nice restaurant with your friend playing, you know, playing bridge all day long, taking the booth. And instead of them rotating that and making money, that’s why they’re there working, right? So anyways, bottom line is, is it just kept happening. And I look deeper into it and I’m like, and I’m send me your statement. And it was the same thing. Every single one of these companies are destroying people’s lives. And I’ve never mentioned the name of the companies. Never. Now, you know, you, you had. What’s the name of the gentleman you had on your show? Dale Whitaker.

Now he did mention some companies. He didn’t mention all. And I told you about Dale, didn’t I? Yeah, and I think I told you about Dale because I saw him online. He mentioned he was the CFO of one of the companies. In fact, I do believe that he was. The email I just sent you, he purchased it from that company. He was the CFO of that company. He also mentioned other companies, but they all do the same thing. And it’s criminal, Sarah. It should be. Well, what else should be criminal? These people should be in jail.

When you texted me that, you said, did you ever think you’re going to be involved? And I said, what? I. What bothered me and what I said back to you is I didn’t realize how deep and wide and how many people, even some of my friends, are involved with this. And they don’t know. I know for a fact. Yeah, they don’t know I know For a fact that a lot of the influencers who are selling this, not only do they not know, they really think that their company is legit and they’re going to ruin their careers.

Yeah, it’s. I. I can’t imagine. This won’t come out. I can’t imagine. I don’t know. But this is. I mean, in my opinion, Sarah, in my opinion. And this is why. I mean, I love you. I think you’re the greatest because you have a responsibility to people watching you. Uk, let’s just. Can I just. I’m just gonna say this, and you can delete this if you want. And. But you came to me and we had a conversation. You. You said, I got people offering me a lot of money. I’ve. I’ve worked with you for a long time, Andy.

We have. We worked together for, I don’t know, a long time. I was the first one. Interview back in. Yeah. Yeah. And. And you say people offering me a lot of money and we’re not going to mention any names. And I said, you know, that’s a hard thing to say because. Now, is he saying this to me because he’s spiteful or is he, you know, is he. Is he angry that. That I would. I admired your candor and that you were leveled with me and all of those things. And. And then I started sending you some information, and then you were receptive to it.

You did your own research and you see it unfolding. But you’ve done right by your people, and I feel bad for those people. There are some very big people in this country. Very big. Like, bigger than you and I, a step or two above in terms of their. Their exposure to the public. Yeah, yeah. And their reach. And they’re promoting con companies that will do the same thing. Not only destroy people’s lives, it will destroy their credibility before it’s all said and done. And, you know, it’s interesting, these companies have the same mo and that is if.

If one out of a hundred, well, don’t drink your own bath water. Make them whole. But before you make them whole, make them sign a docusign that says they will retract their negative statement that they put on the bbb. They will never say bad things about them again. And so these companies appear to have this prestigious, glowing reputation. You want to be made whole? That’s what you need to do. Clean it all up. You know, you got to retract it. And. And people will do that. So most of the people don’t realize it, and that’s why they choose IRAs, half of the people die and their, their, their family inherits.

It has no idea. They have no idea what happened. They didn’t know what it started with. Yes, that’s why they focus on IRAs. The people have no idea. And so people need to go look and see what the value of their IRA is. Go to stop, go look at your gold IRA and see if it’s where it should be. And then you’ll know. Well, and then they’ll say, well, they only, they only publish the, the melt value, not the real value. And then you ask them for value and they will send you a statement and you say, no, no, no, I don’t want the retail price because they will send you the retail price, in other words, what they’re selling it to other poor people for.

Instead you say, I want what you will buy it back for and you will see a big chasm. And then you get angry and you do the things that we would recommend you do and say. And more often than not, they will give in to that. Now, I don’t have a problem doing that because we don’t have any mandate that when they get that money back that they buy from us, we hope they will, most do. And we’ve earned their trust at that point and we sell them things that they can shop easily amongst every major company in America and see that not only did we help them for free, but we’re giving them the best price in the country on the other side.

And I don’t know, it’s kind of become a mission, but I’ve done it the proper way, I’ve done it the respectful way, if there is such a thing. They don’t deserve my respect, but I have and I haven’t outed them ever. Not once, the way that the gentleman on your show did. I’d love to, I’d love to get CEO of that company and have him right here, right now or whenever you can set it up. Let’s do a debate. And I’ll be, I’ll be very gentlemanly, I will not raise my voice and I’ll bury him. And.

But he won’t do it and that’s why he knows it. So they won’t do it. That’s why they rely on, on public spokespeople to do their dirty work who have no idea. Anyways, it’s something that we should continue to mention, hopefully that one person, if they hear, will help them because no obligation. There are many people out there. That’s why. Just please go and look, and look at what you got. Ask what it would look and see, see if you have the quarter ounce or what it would be if you turned it in and see if you’ve been scammed.

They can go to sarah westall.com Miles Franklin they can fill out that form. I get it to you. We’ve been helping people get their money back and also if you know if they want to buy gold and silver they should be buying from somebody they trust and you have the best prices, you can send them your private price list. And we’ve just had really good luck and so thank you everything for you’re doing. I really appreciate, appreciate it and, and people really come to like these Friday night economic reviews. So these are cool. Thanks. Well next, next time in the next week or two I’d like to have you on my show.

We can do a Friday night review from my new studio. I think I’m doing my first show from it tomorrow. So I’m going to interview you next time or real soon and get you on the, on the hot seat and get to ask you questions that I’ve always wanted on that. Probably your people always want to know what tell me about the real Sarah Westall. But Sarah, you’re, you are, you’re one of the good ones. And thank you from the bottom of my heart for letting me be a small part of what you’re doing. I must run.

I have to go to the Stacking Surfer live stream that started one minute ago. So I’m gonna say goodbye. Okay, see you later. Have a great, wonderful, wonderful day. You too. Bye Sarah Sa.
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