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Summary
➡ The speaker appreciates being part of a show that exposes economic scams and helps people avoid them. They discuss the issue of scams in the gold IRA industry and the importance of educating people about these fraudulent practices. They also touch on the topic of surveillance through cryptocurrency and the potential for government monitoring of transactions. The speaker mentions a new term, KYT (Know Your Transaction), which is a feature of BRICS Pay, a cross-border settlement system that bypasses traditional banking systems.
➡ The discussion revolves around the increasing surveillance in financial transactions, especially with the rise of digital platforms and stablecoins. These platforms have built-in features for tracking transactions and user activities, leading to concerns about privacy. The speakers also discuss the potential for the dollar’s value to decrease significantly due to inflation, and the possibility of a new currency being introduced. They suggest that assets like gold and real estate could increase in value as a result.
➡ The article discusses the potential for the U.S. to manage its growing debt and inflation by revaluing gold and issuing short-term debt. This strategy could devalue the dollar, making it cheaper to rebuild manufacturing and infrastructure. The author suggests that this could lead to a new currency backed by gold, which would allow the U.S. to borrow at low rates and stimulate growth. The process could take a few years and would likely be followed by other countries, leading to global prosperity.
➡ The text discusses a shift in investment strategies, where insiders and sophisticated investors are selling equities and buying gold, while the general public is doing the opposite. It suggests that this could be a warning sign, as these insiders are often more informed. The text also mentions the potential use of stablecoins to avoid hyperinflation and finance government spending. Lastly, it warns about the potential for increased surveillance as a result of these changes.
➡ The text discusses the potential of stablecoins and gold-backed treasuries as a solution to the current debt crisis. It suggests that by using these, we could fund the market, keep rates low, and stimulate growth in manufacturing and other sectors. However, it also warns about the risk of increased surveillance and loss of privacy. The text emphasizes the importance of maintaining free will and resisting systems that could infringe upon it.
➡ The text discusses the challenges of maintaining privacy and freedom in an increasingly digital world. It highlights the potential dangers of relying on digital currencies and the importance of understanding how they are used. The text also emphasizes the need for more skilled individuals to understand and navigate the complexities of the digital world, including software and legislation. Lastly, it introduces a new show that aims to provide a broader view on various topics, from finance to health, to help people better understand the interconnectedness of these issues.
➡ Take care and stay safe.
Transcript
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 fat. These other GLP1s on the market, they do not burn fat, they just reduce your appetite. This one retatrutide 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 11 pounds and I cut my dose in half because I was losing weight too quickly and that kind of freaked me out to be honest.
And so I also am taking this 5amino 1 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 getting this, I have the link below or you can go to sarahwestel.com on the shop. You can use the coupon code Sarah to save 10%. If you have questions about your own use you should either consult your doctor or you can join Dr. Diane’s training tribe And I have a link below to that.
It is only a dollar for the first week. You can ask her any question you want and get all your answers to this. How to take an injectable and there shouldn’t be any fear in doing that. It is easy and straightforward. Go to sarahwestall.com under shop or use the link below and remember to use coupon code Sarah. Welcome to business game changers. I’m Sarah Westall. I have Andy Sheckman coming back to the program for our Friday night economic review and I thank everybody for being here. It’s starting to do really well. I just want to let you know that all of you that listen to me on audio Podcasts on Apple, I have ranked.
Just last week I was in the top 10 on business news and I also ranked in the top 200 on news. And so I want to thank you guys for listening to me and thank you for sharing my stuff. Because I’ve been banned on YouTube, they claim that I harass. Everybody knows I’ve been banned on YouTube, right? It’s been going on for years, but I just finally got them to come back and tell me because it’s been in this limbo land. I didn’t know anybody else that was in this limbo land came back and said that I won’t be getting my channel back because I harass and bully people.
So I’m just trying to get an example who do I harass and bully? Because I can find countless of other people who are way more, you know, a bully than I am who are on there. In fact, Candace Owens is being sued by the president of France and his wife for bullying. And she’s on there and supported. And people don’t come back to me and say, yeah, but that’s economic. No, no, no, you got to. If you’re getting section 230 immunity by our government, don’t you think you should have standards as far as treating people fair dealings, treat people the same.
And so now I am being. I mean, how can you realistic. Plus there’s two fake channels of mine on YouTube that are point. That are posting my content for years. And I’ve told them about these fake channels. I don’t know how else to talk to them. I told them about them on X and they’re still up there. Their algorithm doesn’t have any problems with my content. They have problems with me. People say, well, create new channels. I did and they deleted those two. There’s only. There’s a point where it becomes stupid to invest time and energy in a place that, that actually I’m being bullied, right? They, they are bullying and suppressing me.
And you know, and I apparently in our society, that’s okay. I did some research and they are. YouTube is creating a global television network. They’re aligning with the World Health organization, with the UN, with all the globalist institutions. They last just in 2025. The cable networks like Fox News, BBC, MSNBC, they have doubled their viewership just in 2025. They’re putting all their energy into the mass. The mainstream media independent creators are seeing 40 to 60% decrease in numbers and up to 75% decrease in AD revenue, while the mainstream people are skyrocketing. The other people who are considered independent, the ones who doing well are, who appear to not be part of the mainstream, are all the people who were part of the mainstream and then now are independent.
So they’re what, they’re still in those circles. But it’s the, and there’s some people that have skated through, but in general that’s what’s going on. And I got that data from Chat GPT and people are pushing back and saying, well, how can you trust the chat GPT? And so I did some detail analysis, I kept pushing back against chapter PT and it looked at a cross section of data. I mean that’s how you come up with it. You have to do polls and you look through a cross section of data and it is like adamant. This is the cross section of data that I looked at.
I know that these are the numbers. I know that when this is ChatGPT telling me this, I know that when I see X amount of people complaining across Reddit, across all the social media chat platforms, that this is the reality of what’s going on. It’s kind of like Cliff High’s predictive analysis, you know, system where he predicts what’s going to happen in the future. You look at a cross section of what’s happening in multimedia and then you can tell what’s really going on. They know that’s how they can tell. That’s why they track all our data because then they can tell where the tides are moving in any kind of media environment.
They can see where the tide of the culture is moving. And based on the sentiment of the people and what we’re talking about, it’s a double edged sword. It can be a positive thing or it can be a tool used against us. And in this case, YouTube is moving to create a globalist television network that’s global and they’re promoting mainstream media and mainstream institutions at the expense of, expense of the average person. Even if the average person is who people want to listen to, they don’t get the, the publicity. So I recommend people use Rumble, people use Bitchute, people use Odyssey, Brighton, Bastion, use these other free speech platforms.
You know, it looks like Apple is the only, only audio podcast platform that didn’t censor me. They’re not promoting me, but they aren’t censoring me. They are giving me a shot because I’m not bullying, harassing people. And so they’re like leaving me alone. And so I just, I’m just like, I don’t need special treatment. I just want to be Left alone, let me do my thing. Let me make a living and get this information out to people. So thank you, Apple, for never taking me down. I know you don’t promote me. I know you don’t put me up on any kind of pedestal.
You just don’t delete me. So thank you for not deleting me. Spotify deleted me. So everybody who promotes my work, shares my work, does comments on my work, I want to thank you so much. And now I want to get into a much more entertaining and enlightening conversation that I have with Andy Schectman. He’s a big, huge brain. I love having him come to the program. I had Martin Armstrong on last week. If you hadn’t seen that, you should see that we talk about the genius act. He believes it’s like a war bond. And when he thinks war is going to heat up, the Trump has a 50 day truce or not.
A 50 day, 50 day ultimatum with Russia to come to the table and do negotiations with Ukraine. I just wrote an article about that on my substack S. You’ll see my article or you’ll see my show with Martin Armstrong and I write an article about that and break down why, why it’s possible that war could heat up. So take a look at that. I’ll have a link to my sub stack below for that as well. And let’s get into this really awesome conversation I have with my friend Andy Scheckman. Hi, Andy. Welcome back to the program.
Good to be back, Sarah. Nice to see you again. We got to keep doing our Friday night economic review. I’ve been sprinkling in different amazing people like Armstrong was on, Martin Armstrong was on last week. And I’ve had other really, really good people on. And so they’re right up there with your caliber. It’s good because this show is starting to get traction. People come just to see this because they know we got some of the brightest people talking. Well, I appreciate that. Martin Armstrong is a very, very, very interesting, smart man and his, his computer model that he has used for so long is remarkably accurate when you look back at it in retrospect.
I know you had my good buddy and Bill is as real as they get. So I’m honored to be in that class and happy to be here and I wouldn’t miss it. You are doing what I believe is a huge service to the industry in exposing some of the things that we’ve talked about, which disturbs me in a very, very profound manner as I’ve been involved in undercovering what’s going on and it really puts a stigma in the industry that I love so much. And so I thank you for letting me be a little part of what you’re doing.
And I think it’s proven to be very helpful to a lot of your listeners. And we’re excited to continue not only unfolding all of the things that are happening so rapidly, but helping as many people as we can. Because in the end, that’s what it all is about when you’re providing a service like you and I are studying and researching and then having the courage to get out and say these things when most people won’t. The payoff is knowing that we’ve helped some people and I’m serious about that. Right. I’m not grandstanding or trying to be trite.
It’s very difficult to express gratitude and sincerity when we’re talking about these things because I’ve done this for 35 years. Certainly I don’t need to put myself out there and, and get into battles with other companies. That’s why I’ve tried to do it the right way. But nonetheless it’s. It’s some of the worst stuff I’ve ever seen and I’m just happy to be part of what you’re doing. Sarah, you’re a class act all the way. Well, thank you. I. It’s a little scary treading on some of this water, but I’ve done enough scary things I guess and it’s important, I think, you know, having people come in.
We had was Kyle Seraphin and we’re talking of course about the IRA gold scam. So it’s not just the IRAs. I have an affiliate of mine, I’m not going to say his name who came in. It’s different type of totally different company who got scammed by this. And this was, you know, about 130000 they put into gold and now it’s worth like 50 grand. And they didn’t do it in Ira, they got it sent to them and they wanted to know if they could still get, you know, have it bought back and have that come and you’ve been able to be successful at that as well.
I just want people to understand that this is real and we’re making some headway on getting some of the other influencers to understand that they are promoting companies that are doing this. And I think we’re making a little bit of headway as well at some of these companies changing their methods on their own and starting to self correct. So we just have to keep pushing on this because I think this is something that could potentially really blow open. But in the meantime, hopefully we can help people, you know, get their money back and other people self.
Correct. I think that would help the max amount of people. That’s what I’m thinking. I agree, I agree 100%. And I have noticed some of the companies trying to, it’s kind of laughable some of them, but trying to say that they’re actually looking out for everyone and don’t get scammed by, you know, and they’re the ones perpetrating it. But we’ve covered that ad nauseum. We’ll continue to cover it. I’ll continue to be as vigilant as possible and we’ll help as many people as possible and at the same time tell everyone what’s going on in the news which is, seems to be spinning faster and faster and faster every day as well.
Well, let’s talk about the CBD things because you know, we just had a bunch of cryptocurrency legislation go through and I, I’ve been talking about this for a while. Government by government, surveillance by proxy. Right. What they’re doing is they’re shifting the. Because the NSA and all these agencies have been setting up surveillance. Now we have this information coming out about Brennan and Clapper and Obama were surveilling Trump. This has been known that they were, there’d been surveilling people against the Constitution. Right. And this whole apparatus has been set up for decades. I’ve had Bill Binney on my show talking about as early as seven they had the ability to tap every single fiber line and, and get the communication.
NSA has had that. And that there’s a whole surveillance network set up at. Every decade or every year, Every decade it gets a lot more sophisticated and a lot more information and, and better computing power with AI. But now they have these cryptos and they have all this stuff happening. These stable coins, the CBDCs. I really think what they’re going to be doing because they already have with banks the are tracking every single transaction. The banks are required to report to the government and then the government can do bank level surveillance by proxy. But this will take it up to a whole nother level.
Can you talk about what is happening here? Yeah, you know, I, it’s interesting. I agree with you. They, they come out against the CBDC for those reasons and that’s, that’s what people would think at face value. Yet the stablecoin issuance through private companies like Tether like usdc, which I think is Circle. If you don’t think the government will be monitoring the on ramp and the off ramp of those platforms. I have a bridge to sell you. But I heard something. Yeah, exactly. And I heard something really interesting that ties into this. I was listening to an interview with a man named Andre Michalishan.
Andre is the founder and the CEO of BRICS Pay. B R I C S Pay. This is, you know, we’ve talked on your show about BRICS Bridge which is the central bank to central bank trading platform that sidesteps Swift. BRICS Pay is the B2B business to business, consumer to business, business to consumer, small bank to small bank. It is the platform that again outside of Swift, allows all of these countries to trade with one another or their people that live in these countries. Andre came out and said some very interesting things. You know I had mentioned on your show that I thought that they would take the bridge, which was M bridge, basically they would start using that on the Belt Road.
He confirmed that and then said right now they’re negotiating with countries, all the 150 plus countries and in particular using China to negotiate to use BRICS Pay in the Belt Road which would be massive hit to the dollar and they’re going to do it. But so the lady said to him, well Andre, you know, you’re opening it up to all these countries, not just BRICS countries, even though it’s called BRICS Bay. Yes, yes, that’s right. He says, but there’s terrorists out there Andre. And how do you know you won’t be funding terrorist organizations? Well, he said, listen, because we’re working with all of these nations, our software will be very in tune to every nation’s level of KYC and aml.
Well, most people know what that means. Know your client anti money laundering. The reason I left my business in Minnesota is, and when I moved to Florida is because we. Minnesota is the only state in America that regulates what is a federally non regulated industry. Most of those companies that we’ve talked about on your shows that have been harming company people through IRAs, they won’t do business in Minnesota. You have to be licensed, bonded and background checked. And so almost every country in America sidesteps Minnesota in an effort to not be registered, not be licensed, not be bonded in an industry that is federally non regulated.
Unless you sell into Minnesota or are domiciled in Minnesota, you have to be subservient to the commissioner of Commerce. If so with background checks, annual bonding, huge bond and continuing education and Compliance. It’s like we’re a stock firm, we’re FINRA regulated. So anyways, so he says because we’re connected with all of these countries, we are very tuned in to aml, KYC and kyt. Stop. What did he just say? Rewind it. Kyt. What the hell is that? Do you know what KYT is? No. No one does it. I’ve asked know your transaction that’s built into, that is built into BRICS pay which is a cross border settlement system that sidesteps swift.
So I’ll just simply say this. If you don’t think that these stablecoins have the exact same technology, I got a bridge to sell you on Mars. They’re going to have that in there. Not only AML Anti Money Laundering Know your client, who are you? Where’d the money come from? But know your transaction and that’s if you think about it. Every time you go to the bank and you try to pull out money, they’ll say Sarah, why, why, why do you need this money? What are you going to do with it? If it’s more than like 2500 or something? Yes, even.
Even? Yeah, even less than that. They’ll ask you, but if you ask for cash, you know, you ask for, go ask for 2000 in cash and I’ll bet you, I’ll bet you lunch next time I see you that they’ll say oh, what you, what you got planned for this money? They do it in a very, you know, low key, friendly, jovial way. And I always want to say something really obnoxious but I don’t. They’re being told. I guarantee you the banks are already listen. They’ll say to the tellers, listen, ask them what their plans are for it.
If you get a really bad feeling, you fill out a SARS form which is a suspicious activity report. A SARS form is anonymous. They never know who filled it out. But you as the banker get in big trouble if you don’t. If you feel they’re up to something, no good. You know, they come in, you know, reeking like marijuana and very, you know, what are you going to do with it? Well I don’t know, maybe they fill out Suspicious Activity Report form. But the point of it is that if they’re asking you and everyone knows they’ve been asking, I guarantee you know your transaction is something they’re interested in.
So now these stablecoins, these digital platforms have it built in to it. Kyc, kyt, aml. So yes, we are living in a unquestionably in an increasing world that is a surveillance state that will only get worse as far as I’m concerned. And you’re right. Those stable coins, even though they’re not CBDCs, it’s like a CBDC in wolf’s clothing. It has the ability, through programmable features like KYT to be able to, to block you, whether it be from accessing or blocking the on ramp or the off ramp. And. And it will hold, I think, a very serious amount of penalties to any of the entities that issue said stable coins if, if these things are ignored.
And it’ll be much easier to monitor if it’s all digital that way, tied into one central authority. I believe that 1000%. You’re spot on. Well, and I’ve been telling people, don’t get caught up in the word CBDC because it’s like it doesn’t matter. It’s the functions and the actions and the algorithms that matter. Right. 100%, 1,000%. And you know, you can have $1,000 cash in your pocket, spend it at 12 different places throughout the day. No one’s going to know what you did. Well, your car and your phone may give you geo tracking as to where you were and how long you were there and those kind of things, but they don’t know what you spent.
Now you put that technology, the phone and the car and all of this stuff, along with KYT type of legislation. Well, you know, she spent an hour at the gun store and we see on her, her purchases, she bought a couple of AR15s and some bullets. And maybe you’re just doing that to protect your family, but maybe if they don’t like who you are, that you get a knock on your door, I’m not saying that’s going to happen, but just taking this out, letting your mind wander. Yeah, the ability to have anonymity is becoming further and further and further, I think removes ability.
You know how they could track currency? Just to give people an idea, if they put nanotrackers in the currency bills, they could track it back to your phone, track it to you. If you have some kind of way of having some kind of tracker, whether it’s your car, you person. Because now they’re having Mac address addresses on people, your phone. So now you have this nano tracker on every single dollar bill or whatever bill they can. Now they can track everything. So we just have to be super vigilant and understanding the software, the algorithms and what’s on everything.
And if we don’t have an army of people who are paying attention. We will be ultimately surveilled in too detail. Like I just gave you an example how to do it. I don’t know if anybody’s doing that. I just came up with. I didn’t mean to give people an idea, but that is a very reasonable idea on how to track all currency that’s in dollar paper form. 100%. No 100%. But I think to your point, you’re spot on. And the reason they’re doing this infatuation with stablecoins, in my opinion, is to fund the growing indebtedness. They are going to flood the front end of the bond market, the short end, with stablecoins which are backed by treasuries.
And you saw what happened when Janet Yellen tried to do the same thing, not with stablecoins but by front loading the front end of the market. You had really great performance in stocks and crypto and in precious metals. I would expect to see that same thing again, to be honest with you. And I think she’s going to, in Luke Roman’s words, anesthetize or he is going to anesthetize the back end of the bond market. And this is where I get into my theory of pegging it to gold. Like Judy Shelton said, redeemable in gold on a 50 year at first on July 4th next year, then 30 and 20 later whereby you can have interest rates at zero if it’s redeemable in gold.
And that’s what they’re going to do. They’re going to flood the front end with, with stablecoin issuance of Treasuries to fund everything. And then the back end, they’ll put a zero coupon on it and have it redeemable in gold first at 50 year, then they’ll go to 30, 20 and 10. But that allows us to have zero interest rates on the long end of the bond market, which incites demand because the gold will be the inflation hedge. If we continue down this road of fiscal and monetary stupidity, gold will go to the moon. And so if it’s redeemable in gold, you can have zero coupon on your long end debt, which allows us then to bring home our manufacturing.
And if they revalue gold, even Luke Gromen was saying yes, he thinks they’ll let it go to 4, 5, 6, 7000 and then revalue it much higher, which devalues the dollar, which weakens it considerably, creates inflation, allows you to bring back your manufacturing with zero interest rates and a low valuation on the dollar. To rebuild your manufacturing and then attempt to grow your way out of it down the road. I think that’s their plan. Which would tell you gold’s gonna go to the moon. Well, gold will go to the moon. Real estate’s gonna go, everything’s gonna go to the moon.
The value of the dollar is gonna significantly decrease then while they switch out the dollar, I mean, what are they gonna do? Because you can’t. They’re going to kill the dollar right now. That they are going to destroy the dollar to save the system. You can’t do both. You can’t do both. Okay? And that’s how they do it. It’s going to inflate significantly. Land, real estate, gold, everything is going to go. How do you get out of inflation? How do you stop inflation? Traditionally? How did Paul Volcker stop it? Do you remember Paul Volcker who was the Fed age, the head of the Federal Reserve in 1980? Do you remember how he stopped it? Didn’t he significantly increase interest rates to 18 and 3/4 percent? Now can you imagine if the federal funds rate was at 18 and 3/4%? You’d have mortgage rates at 25%.
The banks at 5% blew up at 18 and a quarter. Their entire bond portfolio, boom. The insurance companies that own all the Treasuries backing their guaranteed policies, boom. The stock market boom. The bond market boom. The real estate market, boom. It all poof, just like that. Dead, gone. You can’t do that anymore. We have $28 trillion due in three years. 20, 28. That’s what we have due in maturing Treasury. Sold. So we’re going to inflate ourselves out of this debt and we’re going to destroy the dollar at the same time. But then recreate a new currency to do that.
Well, if you. What would normally happen. But if you do it that way, you’re right. But what would normally happen if you inflate your way out, what happens to interest? A depression. Well. Oh, what happened? Oh, okay. If you inflate your way out, then your loan, let’s say you have a $500,000 loan. No, no, forget about the fixed loan. What would happen to the interest rate market? Let me say it to you this way. If you inflate your way out and you keep destroying the value of the dollar, how do you sell anything treasury wise? How do you sell Treasuries, which is going to dictate the interest rate? How do you do that? Because if the dollar is losing value through inflation because there’s nothing that has value that’s what you’re saying.
Because interest rates would have to go to the go ahead. Interest rates would have to go to the moon to compensate for that inflation. So you’ll destroy everything. So instead of putting interest rates to the back end of the bond market, which would have to justify the inflation, just look, we owe 28 trillion in three years. We take in 15 trillion in revenue, we’re going to have at least 3 trillion per year in deficit spending. They just came out and said we need a trillion for the next quarter, next three months. So we’ll have 3 trillion a year minimum in deficit spending, plus the 28.
That puts it at 37 trillion in three years that we owe. We’d bring in 15. How does that work? You’re going to inflate it away. So interest rates would have to spike to compensate for the loss in purchasing power with that inflation. Unless you put stable coin issuance to the front end. So you issue tons of very short debt, six month, one year, two year, you know, 90 day, that kind of thing. And that’s how you keep the engine going on the back end of the market. Especially if you revalue gold, which I believe they will remember it’s held in the gold revaluation account.
That’s the name of it. So if they revalue gold, they’ll let it go high enough and then they’ll revalue it. Not only does it benefit all of the central banks who’ve been buying it, it would immediately devalue the dollar. When Roosevelt moved gold from 20 to 35, paid everyone $20 and then devalued the dollar by 40%, making gold 35, the dollar got crushed by 40%, gold went up. So if he did that, if we did that again, we revalue gold. That’s another way of saying we devalue the dollar considerably. So not only are we inflating, we devalue the dollar, which enables us at no borrowing costs and cheap to bring our manufacturing back, to build the infrastructure at zero interest on longer term debt.
Let it build back up our manufacturing base and grow our way out. So when you talk about inflation, the only way that you can get out of it is to raise rates or grow your way out of it. We can’t grow our way out. We don’t have it. We don’t make anything anymore. So all of the people who have loans right now, as long as you maintain it, you’ll be inflated, out of debt, everything will go up. And then on the back end, gold will come and back it. And that will be the currency flip to a new currency.
Well, what the gold will do is we’ll back the treasury market, but then it’ll back the treasury market, but it will allow us to borrow at next to zero rates. That’s on the long. How we, how are we going to get to the new currency? I would think that would be a bridge to the new currency. Well, it probably will be. But what it allows us to do before we get to that. Of course they do. But what they have to do first and foremost before we can get there is to bring back the manufacturing and to set up the infrastructure that probably then you issue a new currency, probably tied to gold somehow that allows you to grow your way out organically.
See, the demand that they’re creating through stablecoin issuance is not organic. It’s synthetic. And you call it stable, yet it’s backed by more and more debt. Not real stable to me, but it allows a Runway of time, time to finance the operations of the country. Pegging gold at a much higher level to the long end of the bond market allows zero coupon. So you can borrow at zero, redeem it in gold down the road at that low rate of borrowing, you bring all this stuff back, you build your new manufacturing, you train everyone, and then you grow your way out using American ingenuity.
I mean, this is pretty incredible. This is actually, actually it’s hopeful. It brings a lot of bright light here. How long do you think this process will be? And do you think how the rest of the world is going to deal with it? Are they going to follow suit and try to do something similar? I think it would create a prosperity globally. I really do. You would have very low borrowing costs. People would be able to. Or we would be able to grow and create the engine of growth and manufacturing and ingenuity and innovation. The central banks of the world would all love a much higher gold price.
They’ve been buying it hand over fist for the last decade. And I just think it ushers in a new era of sound and stable money. You know, when you talk about. Just to give people an idea of how bad the dollar saving in the dollar really is. I’ve given examples of house prices in 1960, but let’s look at 2005. Let’s go back to 2005. Gold was roughly 400 bucks an ounce, give or take. And the average price of a house was $320,000. That’s 800 ounces of gold it took in 2005 to buy a house. So if I sold 800 ounces of my gold to buy a $320,000 house in 2005, how’s that looking today? Today that 800 ounces of gold is worth almost $3 million.
And the average price of a house is 400,000. If you save in dollars, you’re dead. Gold has hammered the price or the value of the dollar. It’s crushed it. And so in looking at it in terms of real estate, you know those 800 ounces that I stuck under my mattress, instead earning nothing but dust for the past 20 years, now buys four houses where that cash, if it were in the bank, doesn’t even buy you one house anymore because the price is up 100,000 in dollar terms, the dollar is being destroyed. And so I think that you, there’s a realization amongst fiat currencies, it’s just they’re going to accelerate it as part of the solution, Correct? Thousand percent.
Yeah. It’s a soft default. It’s a soft default. You default on the dollar, on its value in order to save the entire system, bring back manufacturing, work our way out of the debt, work down the levels of inflation at very low borrowing costs and start to produce things, which is something that must be done. That’s right. And I think I give Trump a lot of credit for this. And if I’m right, which I believe I am, there’s too many. I mean, Judy Shelton said it again just the other day. She said, I believe he’s going to issue gold backed treasuries on July 4th.
He said, July 4th, 2026 is a massive day for President Trump. It’s the 250th anniversary. He’s going all out. Oh, he’s. If we do that, that’s a Trump thing too, anyways. Yeah, I mean, if we do that, there is reason for hope. I could see Sarah, seriously, I could see sometime right around that time him coming on TV and looking the world in the face and say, listen, we kind of have messed up a good thing and this is how we get out of it. See, being the world reserve currency, Triffin’s Dilemma says you’ll always have a trade imbalance.
But we’ve taken it too far through indebtedness and suppression of interest rates. Triffin’s Dilemma says the world needs more dollars than you can provide them through trade alone. So they have to constantly be buying our dollars. In essence, we export dollars. And so they sell their dollar or their currency to buy our currency. Their currency goes down in value against ours. Ours goes up. So hey, I can send them our manufacturing at a fraction of what it is here. So let’s send all our manufacturing that we hollow out our manufacturing. That’s why China doesn’t want to be the world reserve either.
So instead gold is. Gold will be the backing of a new system. Everyone trades their local currency, whatever that is, across a platform that is now free from swift interference, settling in balances in gold. And I think the US realizes that’s our only hope to get out of this without hyperinflating or outright defaulting. I think you’re right. What time frame? How long do you think it’ll take to do this? And a couple of years. You think it’ll be a couple years. And The Powell leaving 2026 and putting in a new Fed chairman is pretty significant, isn’t it? Yeah, I hope it’s Judy Shelton.
I think that’s very possible. It could be. It’s either her or probably or Scott Besant. Both are, are really hard money advocates. Both are gold bugs. Both understand the position that we are in. You know, Scott Besant said he’s going to monetize the asset side of the balance sheet. Well, if you look at the US government balance sheet, you can’t monetize student debt. That’s the largest asset, 45%. You can’t monetize the military, that’s number two. So you could monetize national parks, I guess they only have 5 trillion in assets. The asset that they will monetize in my mind is gold, which is held on the books at $42.22 an ounce in what is called ironically, you can’t make it up the gold revaluation account.
You remonetize gold and peg it to the back end of the treasury market to keep rates low, to borrow and reshore manufacturing and eventually grow our way out of it. I think that is what their plan is. And that’s why Trump said on Easter Sunday he who has the gold makes the rules. Really? What does that mean? And maybe that’s why we become net importers of gold since November. Way over 100 billion in gold delivered into COMEX since November. I mean that’s never happened. And so who’s buying that kind of volume? Yes, it’s very obvious. There’s something I’d like your, your theory on this because it makes sense looking at all the actions that are happening.
I, I still am a little perturbed that the insiders, the, the sovereign wealth, sovereign funds have an insight and average the person won’t be able to, but at least Trump has been making comments. You know, he owns a gold. Well, you want to know that stuff? That point? Yeah, to that point, Sarah, if you look at it, since the beginning of the year, the Institutionals and the insiders have been selling equities hand over fist. In fact, let me just see the number here. I mean that’s why people need to look at what they’re doing versus Go.
You know, and I think that the, the marketing on, you know, some of these business channels, you know, to buy certain things, you have to be careful because you got to look at what the most sophisticated investors are doing and do that as much as possible and not be following what the marketing is because you’re going to get started. Bezos has been on a selling spree since June, since late June. He’s now at 6 billion in sales of Amazon stock. 6 billion. Zuckerberg, Jamie Dimon, they all are. Warren Buffett on 500 billion in cash. So at the same time Buffett is sitting on as much cash or more or whatever as around the same amount as he did in 2008 before the crash of that one.
Yeah, he’s at 500 billion, but so since June the insiders have been. The Institutionals have been selling 2 billion a week out of equities and the whole way up since the beginning of the year. Now what’s interesting, at the same time, the Mom Pa retail investor has a larger allocation to equities about 54% ever before, including 2008. Here’s the interesting thing. They’re about ready to take the other side. Go ahead, we’ll take the other side. Physical metal. The insiders have been draining the world’s exchanges and imported over 100 billion in gold since January. And the mom pa they wouldn’t know a gold eagle if it fell on their foot.
Sarah. And so the people that watch your show do, but they represent 1/2 of 1% allocation of gold and silver across the entire financial matrix in the west, from Joe and Jane Six pack to the Harvard Endowment Fund. That little bit. So let’s just capsuleize that at the same time that the insiders, the most well informed, forget about the most well funded. At that level, you’re the most well informed. You swing in circles or you hear what’s coming. So they’re dumping equities at massive levels and buying and taking possession to remove counterparty risk. Think the surveillance state.
Massive, massive. And taking possession of gold and silver at a level no one has ever seen, ever. From the Central banks down to whoever the hell is bringing in all this metal into the US and at the same time, the public has virtually no exposure. What could possibly go wrong? It is probably the greatest contrarian indicator I have ever seen that insiders dump stocks, buy commodities, the public dumps commodities, buy stocks. What could go wrong? And that’s the difference at that level. It’s not just wealth, it’s sophistication and information. And if you’re Jeff Bezos, well, that’s probably why BlackRock is buying assets that crazy.
They’re buying up as much real estate as they can and the sovereign wealth funds are buying up as much gold. I mean, go ahead, about Bezos. What were you going to say? Well, don’t you, don’t you remember about. I don’t know, it was maybe a year ago when Powell got all sorts of shit by the media because he ended up at a party that Bezos was throwing. And so he’s hanging with all the people with all the money. And if you don’t think they’re bending his ear and saying maybe, maybe they said, oh, for sure. If I were you guys, I might get out of equities, might, might even take delivery of some metals.
It’s just me thinking, I mean, and if you’re hanging with those people, you don’t think that stuff goes on. I guarantee you it goes on. And so these people are the most well funded, but the most well informed. So to your point, yes. Massive, massive, massive insider selling of equities as the public’s all in. The little guy always gets screwed. And so it’s just important to be paying attention. I don’t want our audience to get screwed. Okay. And then let’s talk about the war. You know, I just had Armstrong on and he sees the genius act as matching pretty similar to war bond acts in the past with World War I and other wars.
How do you see you have a little different take on that? How do you see it? Well, I mean, I see why he would say that because it would be a massive injection into the treasury market. You know, I grew up Minnesota and downstairs in basement. I used to have the room died. I wanted the room in the basement. That’s what all the cool people in Minnesota back in the day. Yeah. And sneak in and out the window, you know. But I’ll never forget the picture that we had in the basement. A little boy holding his dad’s baseball glove with a tear running down his eye.
And you know, he’s crying and it says, buy war bonds and he’s holding his, you know, his dad’s baseball glove and his dad’s medal. But the point of it is, is that that’s what this in essence would do. It’s an injection infusion tether is already one of the largest holders of U.S. treasuries because every, every stablecoin that is issued is now backed by US Treasuries, which gives that synthetic injection into the system. And it’s all very short term paper they’re buying. And so, yeah, I mean, look, what I do think it is, is that you have the traditional countries that have been funding our spending habits that since we weaponize the dollar, they want no part of it.
Not only that, what Trump is trying to do is in essence, print money and then reinvest it here in the United States to build our infrastructure. So if you’re a country who’s a competitor of ours, who’s traditionally been buying our debt, like China, and we’re printing money to build our own infrastructure to compete with you and devalue our dollar, do you think you’re going to buy their Treasury? No, I’ll buy gold instead and I’ll find other avenues. So I think that what it is is that it’s a way to replace the vacuum of central bank divestiture of Treasuries.
And that’s what it is. And this is why they’re so excited to usher it in. Not because they want to bring in cryptocurrency or stablecoins, because they realize if they don’t find an alternative or a way to infuse, it’s either that or the Federal Reserve does Weimar Republic and they monetize the debt, where they print money to buy the debt, which creates hyperinflation. Instead, they issue stablecoins that everyone is going to buy now and use and have the banks issue them and everyone’s going to issue stablecoins so you can settle like that, but every time you buy one.
Not only that, it doesn’t create inflation because it’s not creating dollars, it’s creating treasury demand. So it enables you to do it without creating inflation and to create treasury demand, which finances the spending addiction of our government, of our military, et cetera. So to an extent, he’s right. It doesn’t create inflation. That’s the interesting thing. So, yeah, you have the front end covered and the back end, you peg it to gold, keep rates low, bring back manufacturing redeemable in gold, and grow your way out down the road. I could see it working. I actually think it’s a pretty cool idea.
It is a pretty cool idea, but it also is solve the problem and then create the surveillance state by solving the problem. So we have to be hyper vigilant because this could solve the problem. There’s no reason why it absolutely has to be the surveillance state solving the problem. You could do exactly this without creating this whole surveillance that they’re doing as well. So what are they, what are they saying? We have to regulate this industry. So how do you regulate it? You, you create oversight on the on ramp and the off ramp. Kyc aml, kyt.
And and so you have it fully regulated. It is, it is certainly not decentralized, no matter what they try and tell you. I don’t care if it’s private institutions, they’re going to call them private, just like private almost. Because then they can do government surveillance by proxy and it’s legal, whereas they can’t do legally. They do anyways, but they can’t like what they did with, like what they did with Facebook and Google and all that stuff during the pandemic. And they still. Yes, yeah, yes. So that’s exactly, you’re right. You’re spot on as usual. And I think that’s exactly what they’re going to do.
Now I’ve gone out, I said this, I’ve been saying this for months now. I did it at a conference a month ago. I’ve been saying it publicly. I don’t hear anyone saying exactly the way I am. And maybe I’m right, maybe I’m wrong, or maybe I’m just stupid to say it, but I cannot see another way, period. When Judy told me she’s gonna issue gold backed treasuries, I kept saying to myself, now why would they do this? And then you see the front end of the issue covered with stablecoins and it all makes sense. You anesthetize the back end.
Otherwise, if you continue to print your way out of this mountain of debt, 28 trillion just in treasury is coming due in three years. 15 trillion in revenue doesn’t work. The only way to do it is to print your way out of it. So you print, you destroy the dollar. You then have enough demand in these stable coins and the, the proliferation of crypto and bitcoin and everyone’s doing this and stablecoin this and stablecoin that. You now fund the short end of the market, peg the back end, keep rates slow, bring back manufacturing, boom. You grow your way out in a few years.
Could it happen? Yeah, I think it can. And honestly Honest to God, it’s the first time in years that I have I look at the world and say, my kids got a fighting shot. If this happens. I really do think that because look, 60% of America has zero in the way of college education. 60. So the fact that we’ve lost our manufacturing, I could see it where this happens. And you’re going to start seeing electricians getting paid 250, 300,000 a year, plumbers, everything you need to take care of a growing and vibrant infrastructure. Instead, as it is right now, we got people producing nothing and the majority of the wealth being done on Wall street and people who do financial services and tech, everything in between, you’re screwed.
It can be that way. Yeah. And the trades will come back. The trades will come back, different manufacturing. I think the arts will come back. There’ll be a lot of different things. AI can do arts, but not the way that a human being, Ken. So there’ll be tools to help us, but we’ll get creative. There’ll be new things that we won’t even realize, but we have to embrace it and start being creative and come up in genius on how we come up with things. We just have to do it. And I think we will if we have the resources to do it.
I agree. And you have to have the capacity to do it. Right. So not only have all of our manufacturing facilities gotten outdated or gone, but the people aren’t trained for it. So there’s a time lag there. But in order to do all of that, you have to have low borrowing costs and still find demand for people to buy the Treasuries. Well, that’s going to be the front end and the back end, which will be redeemable in gold at a zero coupon rate. That’s the key. If you have long term borrowing cheap, you can bring all of it back, build it, grow your manufacturing, and then have hope of growing out of the inflation problem, growing out of the indebtedness problem, actually have a shot at it.
Well, and you need to keep smart people in place to actually implement it while being a hawk on the surveillance part of it. I mean, we have to have both things in place. We can’t be stupid because we don’t want to. We don’t want to march straight into a, a slave system. We want to march into something that causes everybody to flourish, which we, we just laid out. I really see what you’re saying. So we could have the best of both worlds, if we are hawks about this, while allowing them to without Undermining the process as well.
I mean, you can’t be stupid. So many of these people undermine the process while trying to be a hawk. You got to do both. Like, you can’t support it, and you got to be a hawk. You know, the truth of it is, Sarah, that there’s a certain realization, right? You know, when you and I were kids growing up in Minnesota, you know, you knew all your friends cell phone numbers or their home phone numbers. There were no cell phones. I started my company in 89, before the Internet. You and I would grow up and be gone all day, and the parents didn’t know everything was different.
And parents had no idea where you are. Now my wife can look on life360 and see where my one kid is in Pennsylvania in college. One kid is in Wisconsin in college, and my other kid in Colorado. Bang. She knows where all three of them are, how fast they’re driving, where they were. There is a certain acknowledgement. There’s a certain acknowledgement that we are past the ability to put the genie back in the bottle. But you’re right, if you have awareness, you can take steps to, I think, mitigate. Well, but that’s, you know, but that’s different.
I. I think that we need to understand what the lines are. And I realize that the red line is going to be different for different people. But, like, I’m into regenerative medicine, right? Some people think that that’s not natural. I’m like, screw it, man. I feel great. I don’t care. I’m going to do this. But my red line is anything that takes away my free will. Like, I don’t, you know, am I against surgeries and stuff like that? Well, I. I think that’s up to you. I don’t give a crap. But I’m against anything that takes away our free will and messes with us, right? That’s my red line.
And so everybody out there, that’s my freaking red line. And I would hope that people have red lines where. At least where I have it. I hope so. Free will is pretty freaking important, and that’s what we have to go are a guard against. Because if they’re feeding us emotions, they’re feeding us information and affecting. They’re already doing that with social media, you know, that they can influence people and people are unconsciously doing what they’re manipulated to do, right? That’s taking away our free will. That’s like a passive way of taking away our free will. There’s also a hard way of taking it away.
That if they actually chip us and send us actual emotions and screw with us. Right. To me, that’s a red line. Don’t screw with their free will. And that’s the stuff we have to push back against, in my opinion. Yeah, that’s. That, that’s the hardest thing to push back against Also when you have a media that creates nothing but divisiveness. And so it becomes harder and harder. But you’re right. And to me, you know, that’s one of the things that, that people should think about a little bit more when owning precious metals. Is that it, you know, it’s not really free will, but what it is is it’s outside of any surveillance mechanism and allows you to maybe have a little bit more free will when you have wealth outside the system.
Yes, arguably when you sell it, it’s injected into the system, but it doesn’t mean everything that you own is monitored. And with the ability to, you know, to perhaps alter through the, through this surveillance type of network. Look, all I’ll simply say to you is this, is that you speak of libertarianism. And that’s what I think anyone really would like is free will, the ability to do what they want and at the same time have their boundaries respected. So free will with law and order, sure. But the lack of the ability to do things at the whim of a government is where it starts to get very frightening.
So to your point? Yeah, I think all of these things are very important and to acknowledge them and try and open other people’s eyes to it, because most people don’t have a clue. And the interesting thing about stable coins, my bet to you is that 90 plus percent of the people who buy them and think that they’re buying crypto and stablecoins in order to become wealthy don’t understand that by doing so they’re actually supporting the legacy system. So when you leave and go into this arena thinking that you’re trying to, you know, you can get rich, you’re supporting and extending the life of this legacy system.
There is a certain aspect of a surveillance state and lack of choices when we go down this road. But it might be the only road we have left to take. Unfortunately, we’ve lost the ability, I think, to make those important choices. Because one road, if we try and print our way out of this problem and just go with inflation, then interest rates spike and everything blows up, you reset. If you just tighten everything and pay off the debt again, the whole system dies and it just creates a great depression. So whether it be death by hyperinflation or death by depression.
They both lead to the same place and that’s rising interest rates, which blow everything up. Question that I think they’re trying to resolve is how can you keep demand for the long end without blowing up interest rates? And maybe this works. As far as the free will goes, I think that’s the job of each and every one of us and to be as vigilant as you can in a world that is becoming increasingly digital. It’s harder. It was much easier in the analog state. Oh, sorry. I wasn’t near a phone all day. Yeah, right. You have your iPhone in your pocket.
Oh, but this is 1988. I didn’t have an iPhone back then and I could be gone all day and my girlfriend called. Why? Oh, sorry. I was playing baseball all day. I didn’t have my. I mean, the point of it is, is that there is a certain realization that we are moving in that direction away from the ability to really have the privacy and the anonymity and the freedom that analog world gives us. But certainly having your head pulled out of the sand and being aware of it, maybe making choices that won’t bring you closer to a surveillance state type of place.
Something we should all know, but I don’t know how realistic it is anymore. Well, having a panopticon environment, I think you can track things at a meta level where they’re not always tracking you. Unless there’s a flag and there’s a reason to. I mean, there’s things that we can start getting to. I’m concerned where it messes with. Like I said, what does it mean to mess with their free will? I mean, this is a topic people aren’t even thinking about to the degree they should be. What does that mean? I just had Robert Epstein, who, you know, he’s the Dr.
Robert. He’s the one that is the Harvard psychologist that did all this stuff on Google and social media. I was just talking to him this morning about how he has a training program to help people meaningfully become aware at how not to be manipulated when you’re online. Those are the kinds of things we need to start thinking about. But it needs to go beyond that, needs to go into economic situations. I need. We just need to be better informed. I always say we need an army of skilled people and we don’t have that. We do not have an army of skilled people because all the legislations is now being buried in the software.
You got to have people that actually. Sorry, but we now need people that understand Software, even. So make sure we understand what’s actually being coded into these things. We just need an army of sophisticated people who are doing it. Otherwise we’re screwed. I think. Well, let’s. Let’s hope. Let’s hope that with efforts of people like you that we have at least have a fighting chance. But you could, you can draw an analogy just to where we are in the manufacturing base. We don’t have that army of skilled people anymore. And if we don’t, we are screwed.
We don’t make anything, and yet we expect everyone to take our currency and invest in our treasuries to keep the game going. Why would they? So it’s the same thing in a different realm, but all of it’s equally as important to little pieces of everything. So, no, I like the fact this is something that I need to learn more about. And I’ll follow your guests about the attempt to maintain and enhance our own free will. Because you’re right, it is being siphoned away, I think chipped away everywhere. And there’s an old statement, and I’m going to butcher it, an old saying that I think Ben Franklin said that when we give up freedoms in the name of safety, we never get them back.
And so, you know, is it safer and better to have, you know, these, these stable coins and more convenient? And is it a freedom that we’re giving up that we’ll never get back? Maybe, but I don’t think. I think we’re past the point of, of another solution. The whole thing breaks apart if we don’t. So. But that’s the reality. But see, I don’t think that means that. I think we can have the digital currency. We’ve had it for years anyways, in different forms. It’s what they do with it that matters and how it’s used. And we have to be more diligent on that and understand.
Maybe you should run for Congress and represent the people in a meaningful way. Well, maybe I should. I’d vote for you. Well, thank you. Thank you. Well, let’s talk about. I appreciate that, Andy. Let’s talk about your new show that you have, because that is something that you’ve been working on for a while. It just launched, I think, last week, and it did super well on its launch. And you’re going to continue. You’re going to have. And you’re going to be a mogul, a financial network. Yes. I don’t know if that’s your goal or not, but it is what we are.
We’re trying to. Yeah, we’re trying to create a media division. We brought in Michelle McCrory. Our first interview together was 100, about 180,000 views and just posted a couple of days ago. She’s going to have on all sorts of guests. I think the first guests she has coming up are Matthew Pipenberg and Ed Dowd and she’s got Luke Gromen coming up. Her and I will do a weekly show together. We’ll have people like you on coming up very soon. And our. Our goal is much like you to not just focus on one thing, not just focus on gold or the economic side of things, but to have a broader view of things.
We will focus on things like cryptocurrencies, even though the bitcoin and stablecoins, even though the gold bugs may not like that. If you never learn about other people’s views, you never grow. And if you learn more and more about less and less until you know everything about nothing, what good is it? And so what we’re going to try to do is emulate what you do. Have a myriad of guests on different topics ranging from health to finance to economics. Kevin and I do our goofy show every Tuesday night where it’s. Or every Monday night where it’s Q and A in a funny, relaxed.
Yes. We’re gonna have a media division and we’re gonna try and blow it up. And our first episode got about 180,000 views. So I’m excited that we have the potential to really grow and get the word out and bring people like you on and even expand it more and help expand what you’re doing, which is so important. So. Yeah, thank you for bringing that up. I appreciate it. Yeah, thank you, Andy. I think you’re going to do an awesome job on it. I think we need some competition to the mainstream and getting some really good financial advice.
But I think your topics will always tie into. Because a bigger economy is always tied into all these topics and people just don’t realize it. It. To the extent how much it’s tied together. That’s why I call my show business game Changers. Everything’s tied to it. And it’s the same with economics. It’s. That’s just how the world works. That’s the money makes it go around, doesn’t it? It totally does. So thank you. I just hope that. Yeah, I just hope that we get to keep our YouTube channel. I read your post the other day, which is just.
I won’t even go. It’s just the silliest, most stupid thing I’ve ever seen that they actually claim that you’re doing anything but helping, helping humanity. It’s a crazy world we live in. I want them to give me an example of a single person that. Or who do I harass and bully. I’m not allowed on there because I harass and bully people. And I’m asking them formally to give me examples of who I harass and bully. Because everybody that I bring on my program, we talk, respectively, respectfully, about different issues from all different perspectives. We might have opinions where we disagree with the narrative, but we don’t bully anybody.
And I certainly don’t harass anybody. Well, if you were the example of a bully, the world would be a lot better place. I’ll tell you, if you were the bully, the world’s a whole lot better. I’ve never seen you do anything but smile and laugh and open up people’s eyes to what’s happening in an educated, articulate, respectful manner. So I find it to be awful. But that’s for another day. Again, Sarah, thank you. Andy, thank you so much for joining us. See you next week. Absolutely. Of course. You take care. Sa.
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