Mara Lago Accord Joins the Fed Fed Waves the White Flag more w/ Andy Schectman

➡ The article discusses the importance of investing in gold and other physical assets as a hedge against inflation and economic instability. It warns about scams in the gold IRA industry and advises working with trusted companies to avoid losing savings. The article also mentions a shift in global power dynamics and the increasing digitization of the world, suggesting that these changes may lead to conflicts. Lastly, it emphasizes the need for diversification in investments to protect oneself from economic uncertainties.
➡ The text discusses the increasing loss of privacy due to digital advancements, particularly in finance. It highlights the potential for misuse of power by companies and institutions that can monitor transactions and personal information. The text also expresses concern about the shift from physical to digital currency, which could lead to a surveillance state. It ends by suggesting that gold is one of the few remaining assets that can be owned privately, outside of digital tracking.
➡ The Federal Reserve (Fed) has stopped aiming for an average inflation rate of 2% due to their inability to maintain it. This change, along with inaccurate reporting of employment numbers and inflation rates, is causing concern. Additionally, the Fed’s policies are seen as benefiting the wealthy, as lower interest rates inflate asset prices, making them unaffordable for average people. The market, not the Fed, should control interest rates to reflect risk accurately.
➡ Steven Mirren, the architect of the Mar A Lago Accord, advocates for a weaker dollar to revive manufacturing. The Accord suggests devaluing the dollar and defaulting on its reserve status, a concept known as Triffin’s Dilemma. This could involve revaluing gold, which would devalue the dollar by about 60%, making exports more competitive and potentially bringing back manufacturing. However, this could also lead to higher costs of goods and increased economic disparity.
➡ The text discusses the potential for BRIC countries (Brazil, Russia, India, China) to use gold to back their currencies, which could help pay off global debt. However, central banks are hesitant to lose power in this process. The text also mentions China’s strategy of allowing immediate conversion of their currency to gold, which could inspire confidence in trade. Lastly, it discusses the challenges the U.S. faces as the reserve currency, including the loss of manufacturing and the rise of AI, and the need for a shift towards manufacturing and education.
➡ Global powers like Saudi Arabia, Russia, India, and China are buying large amounts of silver, often under the pretense of industrial use. Billionaire David Bateman warns that a small shift from gold to silver buying could lead to a massive silver squeeze. Meanwhile, influential companies like BlackRock, which have stakes in major Fortune 500 companies and the military industrial complex, are also investing heavily in silver and gold. This trend suggests that these entities are aware of the potential value of these metals, which could be linked to their use in high-tech weaponry and other technologies.
➡ The text discusses the current economic situation, highlighting the challenges faced by first-time home buyers due to high house prices and interest rates. It suggests that the wealth is being transferred to the top 1%, leaving the majority struggling. The speaker also mentions the need for a system reset and the importance of bringing back manufacturing jobs. Lastly, the speaker emphasizes the importance of trust and integrity in their work, and their commitment to helping people navigate financial challenges.

Sa Sam Gold is one of the last few things in the world that you can buy that is outside that matrix. There are very few things that you can say that about. You buy gold, you bury it in your backyard and it’s gone. No one knows where it is. No one knows that you own it. I lost it. I don’t know what I did with it. You’re outside of that digital sphere. I think it’s becoming much, much harder to do anything nowadays where you’re not tracked from start to finish. Just a quick break from the program.

I need to share with you an urgent manner about scam gold IRAs and the important need to make sure that you’re working with a trusted company in the precious metals space. I have had hundreds of people come to me now where they have lost 50, 60, 70% of their life savings in these scam gold IRAs. We are having nearly 100% success getting their money back. If you have put your life savings into a gold ira, I implore you to look and see if you have been scammed. Don’t trust the company that sold it to you. Make sure you understand what you can get as a buyback value for the gold or silver that you have in your ira.

If you have noticed a significant drop in what you invested, you have more than likely been scammed. We can help you and there’s no shame. Go to sarahwestall.com fill out that form and we will help you get your life savings back. Welcome to business Game changers. I’m Sarah Westall. I have Andy Schectman coming back. We there’s so much going on and the change is accelerating worldwide. I had to talk more about what Martin Armstrong said last week about what his Socrates program is showing because it’s been so accurate. And we also talk about the Catalan effect.

I wrote a substack article on that. I think this is really what’s behind so much of the turmoil that we’re seeing worldwide. One thing that Armstrong recently said is that every country, or not every, but almost, I mean, countries all around the world, many countries around the world are instituting a draft, many who has never had a draft. That’s why the concern over war. That’s what the, the economics, the financial data is showing. What we’re going to talk about today is some of that and then also what the Fed is doing. The Fed is changing their policies and they also are changing, just putting up the white flag of we can’t keep inflation under control.

What does that mean? They can’t Keep inflation under control. What does that mean? And does that mean that the official policy is to inflate the dollar and get us out of debt that way? And I think there’s a lot of change coming. So the, it’s going to accelerate. And you hopefully have been planning and if you haven’t planned at this point, you, you still have some time. I don’t know what the timing is right. It’s been happening and it’s, it’s accelerating. And you want to diversify. You want to get into some gold and silver, you want to get into some cryptos, you want to get into some real estate, you want to get into whatever you can to protect yourself.

If you don’t have that, that many funds, then I would suggest, and I. You got to talk to an advisor, but I would suggest getting some silver as a backdrop, maybe getting some cryptos. And if you have more money to invest, you want to get into ass. Physical assets that you, that you can protect yourself, get out of the dollar system as much as you possibly can can. Things are moving away from the dollar as the dollar inflates. It’s still going to be the world reserve currency for quite some time. Because we are pretty powerful. I mean, we have the, the biggest companies in the world are based out of here.

And although they’re becoming worldwide global corporations and it’s been moving in that direction, we still are the base of finance here. So we, we have a source of centralized power, but that is shifting pretty quickly. And we’re going to talk about that in today’s show. And I also want to remind you, if you are interested in protecting your wealth in this turbulent time and you want silver and gold, which is really good hedge against what’s happening. It’s a preservation of wealth. I highly recommend that you go to a company that you can trust. We’ve been seeing so many people being scammed out of their IRAs, are buying crap that they shouldn’t be buying because it’s.

They’re buying at. Really what they’re doing is it’s not crap. It’s, it’s. They’re buying gold coins or silver coins at premiums that are so far so much higher than they should be that they’re essentially just being ripped off and they’re losing half their money overnight. And that’s what we’re seeing and that’s what we’re trying to recover from, from people. It’s mostly in IRAs, but it’s also on large per any purchase that we’re seeing this so if you are interested in getting gold and silver and you want access to the private price list, be sure to use a company like Miles Franklin that you can trust.

Go to sarah westall.com Miles Franklin. You can get the private price list that way, which they do not publicly put out there. Or you can also get help on recovering your lost funds because you invested in a, in an IRA company that isn’t all that trustworthy and we’ve had really good success at getting back tens of millions of dollars now. So if that’s you, be sure to go to sarahwestall.com Miles Franklin okay, let’s get into this conversation. My Friday night economic review with my friend Andy Schectman. Hi Andy, welcome back to the program. Nice to see you again, Sarah.

Thanks for having me. Well, the news keeps coming. It’s rolling in faster than we can even, I mean honestly, it’s just incredible how fast this is happening. It is getting pretty volatile out there. It’s not very stable. We have countries all over the world who are now initiating drafts, like literally all these countries are initiating drafts. And I just had Martin Armstrong on again talking about the fact that his Socrates program is showing worldwide war is imminent. And he’s like, it’s not necessarily the same as a full blown world war as much as there’s going to be wars like everywhere, all over the place.

And then he’s saying that, that, that is like a 300 year cycle when they took down the monarchies is the only thing he can compare it to is what his program is showing. What do you think about that? I mean that’s pretty profound. Well, I, I, it doesn’t surprise me. I mean you’re looking at the end of really a monetary experiment. You’re looking at an end, I think of Western dominance is what it boils down to, and a shift, a shift of, and of power and of sophistication Eastward. The west, for, I don’t know, 500 years has ruled the roost.

Different countries throughout Europe and now the United States. And through most of that time, the countries on the other side of the world were Third World. They were not sophisticated, they were not coordinated, they were not able to stand up to the military might or the wealth of the West. It just seems things are changing. And as this slips away through the fingers of the west, of course the inclination is when all else fails, take them to war. I don’t disagree with Martin. Martin is a brilliant man. His Socrates computer system has profound predicting capabilities that I’ve witnessed myself over Many, many years.

But it makes a lot of sense to me. The wars that we’re seeing right now I think will only increase, I’m sure, as power starts to be taken away from these people. I think it’s kind of a last stance. Let’s hope it doesn’t blow into something far more substantial and far more significant. But you know, that, that I think is just part and parcel with the way you see empires unravel and power shift from one side of the table to the other. It doesn’t surprise me at all. Well, and that’s what the numbers are showing, right? He does it all based on economic data.

And when you have the facts sitting in front of you. The other thing, the other data sets that I’m seeing is it’s not quite a global shift from one territory to the other as much as it’s from one group to the other that are global. From a group that was more old school, that relied on coercion through blackmail and a traditional means, to a new global world order based on technocracy. And maybe it’s based in the east, but it’s. And maybe west, I don’t know, but it’s a different way of managing the world. Well, everything is becoming very much digital too.

I mean in every single way. I did a interview with the gentleman who designed the BRICS pay software which is a B2B retail based software that’s being rolled out to not only the BRICS countries but the belt road which is 75% of human population. And in it he says we have aml, KYC and KYT know your transaction software built into it. So when you talk about finances, the noose is closing around any form of privacy, certainly the ability to know your client, where the money came from and know what they’re buying. That’s one step away from the social credit score implementation into the software where we can limit what you can buy.

We can cut you off if you haven’t been vaccinated, we can cut you off if you haven’t paid your child support or whatever it may be. This is a, a form of payment wrapped up in a central bank, digital currency’s clothing, the ability to monitor everything. And of course, you know, that’s just one, one facet of it. But you know, the phones that we use, the cars that we Dr. Has a form of monitoring and of tracking and of all that goes along with that. So yeah, I think we are moving down that road. And the question is, who’s behind it? Will there be a pushback I think that’s just pretty much the way that we are moving and everything is going to change.

Monetary systems are going to change, philosophically, things are going to change. The way that we transact business, the way that we transact just personally retail, everything is changing and being I think, monitored in a digital world. The world that you and I grew up in is changing completely and totally. And it’s a scary thought for sure. And you know, you look at like the stablecoin passage. We’re being told that all of these stablecoins, it will be used to make transactions more expedient, less costly, more convenient. We know that it’s going to support the front end of the treasury market.

But you know, you’re talking everything from banks to credit card companies to institutions will be issuing these stablecoins and the powers that be will have the ability to monitor the on ramp and the off ramp. So everything is changing and moving to a new system. Where what is the consequence of that? What happens if the powers that be find you guilty of something, that maybe you have to prove yourself innocent first? Well, they can start by locking you out of your money or they decide that they wanna take you down and they fabricate information on you.

Right. It’s frightening. And if anyone will understand that it’s you who’s had to fight for your first Amendment, to talk honesty and to talk truth. And many of the things you talked about that you were suppressed, your message was suppressed, we find out was true after all. So that’s right. And it’s not far fetched. It’s very Orwellian. It’s very frightening to think that this is happening, but it is. And even having President Trump at the helm, his agenda is actually fast tracking, in my opinion. This shift away from, you know, analog privacy to digital surveillance state, everything from the ID needed, the real ID needed for voter integrity, to the stablecoin passage.

So you’re talking your id, your voting rights, your money, the way that you transact money, the way the money moves, everything is being digitized and that is a surveillance state. And then you talk about cameras everywhere, your phone tracking you, your car is tracking you. It’s a world that is changing, no question about it. And you have to wonder, you know, to what degree is Trump pushing back against this? Is he the Trojan horse or is he riding on the Trojan horse? I don’t know, it’s hard to tell. With the passage of the stablecoin bill, it just seems very much that we are exponentially now moving towards the surveillance state.

The Digital surveillance state. You know, I go skiing every year in Vancouver at Whistler. I speak at the Vancouver Resource Investment Conference. And one of my friends up there works for the Canadian Mint, and we go skiing in Whistler. And then my son lives in Denver and I go skiing with him later on in the year in Vail. Both institutions are owned by Vail Corporation, one of the largest corporations in North America. They are cashless Super Bowls. Last three Super Bowls have been cashless. You go in with money and they will. You put it into a reverse atm, they’ll take the money out and you’ll get a card.

You’re beginning to see very large institutions and then look who’s behind. Who has the patents on all of this stuff. Visa, the Gates foundation, and all of the things that surround the real digital ID and the shift away from cash into. In fact, Visa even has a patent on cash destruction. That’s the reverse ATMs. It will all bills have serial numbers on it. It will read the serial numbers and destroy the cash and issue credit into the system we’re moving away from. That’s what they want. They want to get rid of the cash. Well, they make so much Visa and these credit card companies are making.

They’re harvesting off of everything that we do. They are so powerful. And, you know, when I talk to people behind the scenes that work with these companies, they’re like, you can’t, you know, you just can’t deal with them on a normal basis. They’re so arrogant when they have that much power. They’re so arrogant in the way that you’re dealing with them. And that’s the problem. When companies have this much power, anybody has that much power, they don’t feel they have to bend their way to anyone. They just dictate what you do. And I think it was JP Morgan who said, I was trying to look up, but I’ll forget, and I’m probably wrong on how he said it and who said it.

I think it was the original JP Morgan who said, said something to the extent of, I don’t care who makes the laws, you control the money supply, you win. And it’s something to that extent that controlling the money, which is what they’re going to do, is more important and a greater influence and greater power than the judicial system. And that’s really what this is all about, is they will control money on ramps, off ramps. Where did you get it? What do you buy? And this is the beginning of a surveillance state, like it or not. It’s frightening.

I think People should keep that in mind because gold is one of the last few things in the world that you can buy that is outside that matrix. There are very few things that you can say that about. You buy gold, you bury it in your backyard and it’s gone. No one knows where it is. No one knows that you own it. I lost it. I don’t know what I did with it. You’re outside of that digital sphere. I think it’s becoming much, much harder to do anything nowadays where you’re not tracked from start to finish.

Well, and you know, the NSA and all these intelligence agencies have been working on it for decades and money in banks is digital anyways. But this is just taking every. It’s maturing, right? They’re maturing this digital tracking system. And as I’ve been telling people, our understanding and notion of freedom and the way that we need to manage government needs to change. And our thought and how we think about it needs to change. We need more people that understand automation, that are part of the process so they can look at the details of this. Because so much is shifting to automated process versus people doing it.

When people doing it, they understand it and they all talk about it and argue it. When it comes to the automation and computers doing it, they glaze over and they don’t even talk about it. And plausible deniability. And when we just keep losing our freedom over and over. And it’s not just. I think it’s a combination of that and just not understanding it. And so people just don’t talk about it. They talk about what they understand and. And then they get to a point where they’re just terrified about everything, which doesn’t help either. It’s like. Well, technically, but it is scary.

These are scary things, man. These are very scary. Yeah, but you got to talk about it intelligently because if it’s too much fear, then everybody’s irrational and then you’re not. You’re going to be ignored. So you have to have an intelligent understanding of what’s happening. And that’s what you’ve been doing on so many levels for a very long time. That’s why you’re successful as you are. People are listening and it’s growing. And unfortunately so much of this will just slip under the system. Most of the people to your point just kind of let it happen and think it’s no big deal.

But if you pay attention and look who’s behind it, who’s designing it, what does it really do, what does it eliminate in terms of freedoms or just protocol. You find that there’s a lot more to it than meets the eye. And it’s very concerning that you are in essence losing all privacy and anonymity with the flow of your funds from where it comes and what you’re spending it on. And who are you? All of that is hidden when you pay a hundred dollar bill or a $20 bill. Now it’s all. Not only is it observable, it’s on a ledger and it can be used against you.

You’re right. So scary times for sure. Well, let’s get into some of the big things that have happened this week. The Fed is changing. What’s going on with the Fed. It’s crazy. So they are, in essence they have a dual mandate, Sarah. The dual mandate is stable prices and full employment. In other words, inflation and unemployment. And Powell came out and confirmed that they are no longer aiming for inflation to average 2% over time. In other words, they’re waving the white flag on inflation because it hasn’t. Hold on a second. Is it because they haven’t been able to do it for too long that they just say okay, we’re not going to.

That’s the waving the white flag because they haven’t been able to keep it at 2% for so long they have to admit to it? Yeah, I think that’s exactly what it is. The, the cpi or shall we say the CP lie, which is, which is issued by the bs, which it should be just bullshit or it’s actually the BLS, the Bureau of Labor Statistics. That CPI has stayed above 2% for 53 straight months. Why even try when you can’t even come close to getting it for over four straight years. The ppi, the producer price inflation, which gauge which, which is an indication, a forward looking indication.

If the producers that are making the product are inflated, then the finished product will be inflated. The PPI number is at a three year high. The labor market revisions where you’re talking, they also talk about unemployment. They revised 461,000 jobs out of the market year to date. So over the past seven months we’ve been told of this fantastic, wonderful labor market. Full employment. Sorry, we only took 461,000 jobs out of those numbers. So every time they would issue those monthly numbers, the markets would go up. Gold and silver would go down in May and June alone.

They took out the majority of those job hires. And it was somewhere in the neighborhood of 400 plus thousand jobs we were told were created in May and June and it turned out only like 50 some thousand were created. The majority of all of the jobs they told us were created. Nope, sorry, we made a mistake. They revise them outward. People don’t notice those quiet revisions. They only notice when they’re announced and the reaction of the market. Hold on Andy. It seems like they do that in certain periods of time. I noticed that they did that a lot after 2008.

They were playing a ton of games like that where they were trying to massage everybody’s fear index essentially. And we’re back to that point right now. Now a quick break to share with you this wonderful product called Masterpiece. It is proven to taking out graphene oxide, aluminums, heavy metals, microplastics. They also are looking at these Mac addresses and there’s more and more research and there’s studies coming out. There’s four documentaries that are being made on their studies about how they’re able to disable Mac addresses that are somehow put into people. This is amazing stuff. I highly recommend I buy a whole box of it and I make sure my whole family has it.

If you are interested, interested in trying this and really cleaning up your body from microplastics, graphene oxide. You can also test yourself. You can get your hair test to see what you are before and what you are after. You use this for a few months. They stand behind what they’re doing with tests, studies and real results. And look for the link below where you can buy Masterpiece yourself. It’ll provide you a discount. Or you can go to Sarah Westall under shop. Yeah, absolutely. I mean look, the policies that we are that the Federal Reserve strives for is full employment and stable prices.

But this is why they lie. Like the, the CPI shows just under 3% yet if you ask John Williams of Shadow Stats and again all of the things that they do, whether it be the, the TIPS Treasuries which are inflation protected treasuries or the rate that the market is, the rate that the bond market is paying or any of Libor which is now sulfur, any of these gauges which are relevant to a country as indebted as we are are skewed to lie about just what inflation is truly doing. And John Williams of Shadow Stats, all he does is calculate inflation the way it used to be calculated under Carter and Reagan.

And he would say it’s at 11% right now, add an 8 to it and that’s what the real level of inflation is. And it’s free. You can go to his website, shadowstats.com it’s free. Excuse me. And so when you realize that real inflation is 11% or thereabouts, who in their right mind would buy a Treasury for 10 years paying 4 and a half percent when inflation is 11%, that’s a negative 7% return compounding year over year. No one would do that. But that’s why they lie about it to, to keep us all believing that everything is okay.

And the same thing is true with employment. If we’re being told that this really is the case, well then the economy must be great. But not only that, not only are they lying about the numbers. If you fall off of of after a certain amount of time, you’re no longer counted in the statistics. You have millions and millions of people in this country who are just not even being counted in the unemployment numbers. Unemployment’s probably somewhere north of 15%. Excuse me, battling a cold north of 15%. And inflation is way higher than we are being told.

And then they will take things in and out of the CPI measurement to suit their, their agenda, such as coffee, which was up 85% last April. They substituted it with tea to make the CPI look better than it is. So yeah, this is a scary thing. Eventually won’t have anything else to take out. That’s the issue, right, that you run out of. And it just be. And we’re getting close to that point where it becomes just a total joke. Right? Well, and so for Powell to look at the potential of cutting rates into what appears to be rising inflation and a weakening labor market.

This is stagflation. That’s classic stagflation. That’s little or no economic growth and higher prices. So as I mentioned, the CPI has stayed above 2% for 53 state months. 53 straight months. The PPI is way up at a three year high. The PPI inflation number, the labor market revisions, 461,000 jobs have been taken out. So when you are cutting for what is short term debt relief, but at the cost of massive money printing and more inflation, what we will see is much, much higher inflation moving into the economy at a when the labor market numbers are horrible.

So you’re looking at the rich getting richer. What this really is, these lower rates benefit the top 1%. Their asset prices remain inflated. This locks out the average people from homes and investments. They say we’re doing this so that home prices are more affordable. Well bullshit. If you lower rates, that’s what got us in this price to begin with. Higher rates would actually correct valuations. You see the valuations of everyone’s real estate and stock portfolio and bond portfolio has reached levels that are unrealistic based upon suppression of interest rates for so long. So if rates rise, those assets become affordable for regular people.

It would hurt the elites portfolios. What you are seeing, the Fed policies are wealth transfer tools. They’re not economic equalizers. They are transferring the wealth, wealth from everyone to the wealthy because their assets continue to move higher in this environment. And this is why wealthy people own assets. Because if you look at a dollar that’s lost 11% this year, just look at gold as an example. Gold’s up 40%, a dollar’s down 11. If you held your money in gold, you’re up 50% in the last seven months in relation to holding that same amount in dollars. This is exactly what will happen in an inflationary environment.

So, yeah, you may see these things move higher, including traditional assets. But what does it really mean in an illusionary environment where interest rates are being controlled by 12 bankers instead of by the market? The market is supposed to control interest rates, which is a reflection of risk. And that’s why you see the passage of the stablecoin bill, the Genius act, because there’s no demand, a waning demand for our Treasuries. Who wants to buy Treasuries in an environment where, where we are openly abandoning our inflation mandate, which is a lie to begin with. Well, and that’s what.

But okay, so there’s an open war. Really. Trump doesn’t hide it. He’s really against the Fed. Right. As far as. I don’t know if he’s against the Fed as much as he’s against the current people who are running the Fed. That’s what it is. Yeah. And Lisa Cook was just let go. That’s crazy. And before that, someone else stepped down and he put in Steven Mirren. Steven Mirren is the architect and the author of the Mar A Lago Accord, which calls for a weakened dollar. Interesting. That’s what he wants. Yes. And, and we’ve talked about the.

We talked about that accord a year ago and now he’s in. Wow, I didn’t know that. That’s a big deal. Can you explain what the accord was? Because the fact that he’s now part of the Fed is really telling. Can you explain that? Again, the whole premise of it, and it’s been a year since I reviewed it, but the whole premise is to have a much weaker dollar to bring back manufacturing. What did I say to you before? My thesis is to exactly do just that, to default on the dollar and the reserve status. This is all about Triffin’s Dilemma.

Triffin’s Dilemma says, if you’re the reserve currency, you can never, ever have anything but a trade imbalance because the world needs more dollars than we can provide through trade alone. When you see Vice President Vance on White House letterhead, send out a letter to the world saying, you know, Triffin’s Dilemma is such that being the reserve currency at this stage of the game isn’t a good deal for us anymore. We are too indebted. And if we continue to go down this path, we will manufacture nothing. And if 60% of America has no college education and we have no manufacturing and AI is going to kneecap a whole bunch of jobs, what do you do? How do you bring back manufacturing? How do you pay $28 trillion in treasuries coming due in three years with $15 trillion in tax revenue? You don’t.

So you default on the dollar, you default on the world reserve status. All these countries keep trading with one another. You keep hearing local currency, local currency where the yuan is being used to buy oil from Saudi Arabia, the digital yuan. But now the Chinese have made the yuan immediately convertible into gold, not first converting to dollars. So in other words, we trade local currencies, we settle in balances in gold. What I’m getting at is simply this. If in order for us to bring back manufacturing, you would have to have an environment of very low interest rates to bring all of that back and a weakened dollar to sell it to the world where we’re not the reserve currency anymore.

So you got. Vance says that’s the case. You have. Secretary Basset says, I want a new monetary system. I want to monetize the assets of the US Balance sheet. Well, where’s gold? This balance sheet, it’s held in the gold revaluation account. What would we do to monetize that? Well, we would revalue it to a much higher number. James Rickards is saying 24,000. He gets that by dividing M2 into the gold, I believe is how he gets there. But at 24,000, the treasury gets 6 trillion free and clear from the Federal Reserve. Where does the silver go up to if that.

The gold does the gold. The silver goes up way higher. It goes up in accordance with the gold. Way higher. Yes, it would. It won’t go all the way as high as people might want, but there’s a 90% correlation in movement throughout all of history. It would go triple digit quickly. The bottom line is, what they’re trying to do, Sarah, is to bring back Manufacturing, how do you do it? Well, you massively devalue the dollar by revaluing gold. You’re not revaluing gold, you’re wickedly devaluing the dollar. In Jim’s number it would devalue the dollar by about 60%.

That would happen by the treasury giving gold certificates to the Fed who prints that money out of clear, right out of done and gives it to the Federal or gives it to the Treasury. The Fed gives it to the Treasury. Every $4,000 increase is 1 trillion free and clear to the treasury who can now back those bonds with gold and start to pay down the debt. The back end of the treasury market will be zero coupons, no interest, but redeemability in gold. The front end which will run the day to day of the government will be the genius act.

The stablecoins, all of those stablecoins are backed by short term treasuries, all of them one to one. So not only are they being regulated and surveilled, they will run the government. The back end of the bond market, 10, 20, 30 and 50 or the 50 year that they want to issue probably have a small coupon. And gold redeemability. The more stupid we are in fiscal and monetary policy, the higher the price of gold goes. But what would that do? Number one, it benefits every central bank on the planet. Number two, it would massively devalue the dollar which makes exports far more competitive.

Number three, we’ve defaulted on in essence the dollar reserve status. And everyone else will trade in their own currencies and use things like gold to be in essence the backing of their system. But if we put zero interest rates on the long end of the bond market now we can bring manufacturing back at zero interest rate. There’s no cost to bring it back and the dollar is wickedly devalued. And now we can grow ourself out of this problem. But what would happen is because that dollar would be devalued so high or so low and costs of goods, remember the rich get richer while everyone else is going to struggle like hell.

Hell. And I think you would get on the Catalan effect, but that is why I just posted a substack on that explaining it. But that’s the Cantillon effect. Yes, Cantillon effect. That’s why the wars, this is why the wars is because the poor are not seeing it and, and all these changes. Central bankers don’t like that effect because you think French Revolution, if it’s bad enough, enough, that’s what happens. Well, if you’ve ever been to the palace of Versailles? I have. And you can put yourself in the position of the French peasants who were starving to death.

It’s the most opulent place I’ve ever been to in my life. I don’t, I don’t blame them for beheading Queen Marie Antoinette, but although she wasn’t, she was pretty innocent compared to some of the other. Of course she was. But she was symbolical. Yes. And, but you can see it. I mean the, the place is, it’s not even describable unless you’ve been there. It’s the craziest place I’ve ever been to in my life. Like in terms of how grand it is. I mean, and that’s the thing that, why people were starving. But that’s kind of what we’re seeing now with craziness people.

And that’s why we’re seeing unrest worldwide because people are so pissed off. So go back to the surveillance state and the ability to control people. This would usher in universal basic income for a good portion of the country. But. Okay, now let’s talk about universal basic income a little bit. Because I sat there on X arguing with people that universal basic income is just so awful. And I still think it is because it is awful in a sense. It’ll destroy, crush people’s souls. But of course, the alternative of not doing it, starve to death might be worse.

I, and I’m just starting to, to come to grips with that. I will, I don’t want to fight for it because I think it’s so bad. But what I, you know, and I, yeah, if he got up on stage and said, look, we have no manufacturing, 60% of the country has no college degree, we’ve destroyed our credibility, we’ve destroyed the value of the dollar. We need to do this. We need to bring back our manufacturing and be the engine of ingenuity and of manufacturing. And the only way to do this, that is to greatly devalue the dollar and to do what we’re doing.

But we have a plan. And that plan is to give your children and their children a future. A future where we are once again leading the world in manufacturing and in ingenuity. And we’re going to go through some hard times because devaluing the dollar enables us to do all of this. In essence, we don’t want to be the world reserve anymore. We want to maintain the integrity of the bond market so we can bring back our manufacturing and rebuild it, retool it, get it up to modernization and speed. Train the workers, all of your kids, let’s train them and build our way back to greatness like we were a generation or two ago, where we are the epicenter of creativity and ingenuity and manufacturing.

That’s the only way to do it. Hard work and merit it is, but all the hard work and merit billionaire doesn’t do squat if we can’t sell the products anywhere across the globe because they’re too expensive. So you have to do all of this and shed the reserve status in order to do that. Maybe the whole concept of a world reserve currency is dying right here in front of us. And instead each country will have their own currency. But gold acts as the guarantee. If I want to exchange your currency to gold, bang, it’s done. And this is the whole premise of what the BRICs are doing, doing where the redeemability is in gold and this makes sure that the currency is in fact legitimate.

So I don’t see any other way that it gets done. And I don’t, I think there’s the beginning of it right now. I think if you, if they, if the bricks worked with like the gold monetary, the gold, what do you call it? The gmmf. It’s a gold monetary money supply or whatever it is. Gmf, meth, I’ve written articles about it. They work with them. They could and, and there’s some mutual partnerships and everybody has good intentions. They could pay off the debt of the world. They could back it by gold. They could do all these things.

I know it sounds crazy but I, I know there’s people working on this. But the problem is, is the central bankers are afraid to lose power in order to solve this issue. They will lose power and they won’t, won’t do that. They will. Who’s the biggest owner of gold in the world? It’s the central banks. That’s right. Maybe they’re, they understand this and maybe they understand that we’re moving to a system where. But they don’t have enough. I think, but I don’t think they have enough to, to pull everyone out of debt. Maybe they do. Well, that’s why they value it.

And maybe that’s their plan. But we should do, they should come up with a solution. And my understanding is they’re going to lose power with all the solutions that are on the table. Table. So they don’t want to do it. I don’t think they’re intending to pull everyone out of debt as much as they are to retain the status of this or the, the system. Keep the system going, keeping themselves in power. That’s my point is, is they could, if, if they would be open to solving the problem and doing what’s best for humanity instead of their power, I think they could come up with solution.

They could still be at the table, they’d come up with a solution, it would help the entire world and we could move forward in a healthier situation. But they have to wisen up and they have to mature. Well, you know, it’s funny because what the west is talking about is treasuries backed by gold. What China is doing is saying if we trade with you with our yuan, you can immediately convert it to gold in the Shanghai exchange in Hong Kong, the new one. A new facility adjunct of the Shanghai Muzzle Exchange is currently under construction in Saudi Arabia.

And they’re going them all around the Belt Road. There’s going to be a multi jurisdictional set of vaults that will have gold redeemability. So we trade with one another. You take my currency, I get your product and if you want, you don’t need to hold my currency and immediately switch it into gold. Bang, done. That is what they’re doing. And that to me is how you inspire confidence and inspire commerce and trade. And what we are doing is just kind of not really kicking the can down the road. But it’s not quite the same thing. It will not, not inspire anyone’s confidence in holding the dollar.

They’re going to, that’ll be a problem, don’t you think? I mean if we just kick the can down the road and keep trying to stabilize and we are going to end up kicking ourselves into the can, I mean, we’re going to be in trouble. Well, ultimately the only way to really get out of this problem is to print it your way out. Default or grow your way out. Well, we can’t grow our way out yet. We can print our way out and then destroy the value of the dollar which pushes interest rates to the moon, which blows everything up, up.

You can default, blow everything up. This is a way for you to have a shot by devaluing the dollar, saying we’re not the reserve currency anymore. And you can see that like we’re tariffing all of our friends. And if we really wanted to make the dollar be the reserve currency, we would go the other direction and we would say, look, let’s figure out a way around this. We’re working on getting our debt to manageable levels. We’re going to grow our way out, out. Instead we’re tariffing everyone. And remember the Whole benefit of being the reserve currency for us over the last 50 years has been the fact that because everyone took our dollars for what they, we printed dollars.

They took it and then they put the reserves that they had into Treasuries, which kept interest rates low, which kept asset prices high, which kept the goods you buy at Walmart cheap. This has been great. This has allowed us to live this lifestyle where everyone is living, living far above the majority of the world’s population in terms of their standard of living because of the privilege, the exorbitant privilege. But now we’ve gotten to a point where, which Triffin’s Dilemma says you will eventually lose all your manufacturing. And that’s a problem for a country that doesn’t have only 40% with college education and a whole new system of AI that will really reshape the landscape for employment.

Where are people going to go to work if we don’t manufacture anything? And AI will kill a lot of those low paying jobs? I don’t know. So it kind of kills two birds with one stone. But it’s a realization that we’ve come to the end of the line of being the reserve currency. We still want to be a preeminent power, but you have to manufacture stuff like pharmaceuticals and machine parts and aircraft components and military components and pharmaceuticals, like, you know, what’s it called, you know, penicillin and that kind of stuff. It all comes from China.

You can’t be the world superpower and reliant on everyone else not only to fund your military, because the military spending is discretionary. We need to borrow money to fund our military. We need to borrow money to pay the interest on what’s coming due. We can’t do this anymore. What do you think the world is pushing back? What do you think about Trump? At first I recoiled when I heard it and, and then I heard an argument that I thought, well, maybe this makes sense. For one way, when Trump was once, instead of calling the military the defense, you know, defense, he wants to call it war, the war program, or whatever he wants to call it like it is.

And I just recoiled. I’m like, oh my God. And the argument that I heard that made sense is because we call it it defense, they can hide all the wars behind defense and spin it and not be honest about it. If you call it war and talk about it like it is, we’re going to go out and commit war and kill people. Then suddenly it’s in your face, it’s transparent, and people will make decisions accordingly. I, I thought about that and there’s too many things that are spun and named not what it is in order to get things done on Right.

Like the Inflation Reduction act, which added a ton of inflation. Those kind of things. Yeah, or the stablecoin act, which you have stable coins that are backed by debt. Backed by debt, backed by debt. Not real stable. I mean, all of those. Yeah, you’re right. Yeah. And so is that the right thing, to just call it like it is? And then people will be much more careful about actually wanting to fund it and actually making decisions, decisions. There’s some logic in that. Well, there is logic because when was the last time you saw any attack on US Homeland soil where defense needed to be put into place? You know, you want call it to call it offense or call it the war.

There’s truth to that. I don’t know what the motivation behind it would. I don’t know either truly be. But I think a lot of what President Trump does is misdirected. Specifically, he does one thing trying to accomplish something else. And, you know, I give him credit for that. Look, I give him credit for trying to, you know, turn this country back into what it originally was and go back to the roots of our culture and our roots, and that is of, you know, integrity, hard work, manufacturing, education, marriage. We’ve done a lot of wholesome work your butt off, wholesome, pull, you know, bootstraps, get it done attitude that is, or it’s over.

And that’s not going to be easy. That’s why I do think we’ll see universal basic income for a lot of people who, because of the Cantillon effect, the wealthy will get wealthier in this environment, asset prices will go up. If you don’t have asset prices, if you don’t have assets and you’re just, you’re storing your wealth in dollars. Like I said, over the last seven months, the $11% gold’s up 40. That’s a 50% swing in purchasing power. Same thing with silver, same thing with Bitcoin. Same thing with all of these assets. Look at the stocks. The wealthy have gotten wealthier and the poor have gotten poorer because the dollar doesn’t go as far.

And then, you know, you look at things that are accelerating across the global landscape. Saudi Arabia just took a huge stake in slv. Enough. Tell people what SLG is so they understand what that is. The world’s largest silver trust that is administered by BlackRock and JP Morgan, and they took a large enough stake in it to demand physical delivery Retail investors can’t do that. You have to have a huge amount in order to do that. And now you have, you know, sovereign wealth funds and central banks like India, China, we’ve talked a lot about those two.

And now Saudi Arabia and Russia, who made it policy that they’re going to start buying silver. All of these countries appear to publicly be accumulating silver under the guise of industrial use. It’s not industrial at all. You got David Bateman, a billionaire who said he took hundreds of millions of dollars worth of silver, took delivery of it and said a 10% shift in people buying gold to silver would consume every ounce of newly mined silver global, globally, making it a massive silver squeeze. He’s right. And it’s funny, for a long time I used to say that you and I and the people that we talk to represent, you know, the pimple on the elephant’s rear end and the respect that 1/2 of 1%, these were my words, always 1/2 of 1%.

Allocation from Joe and Jane six pack to the Harvard Endowment Fund. Own gold. Well, guess who just took possession or who just purchased $101.5 million in GLD, which is the gold trust administered by JP Morgan and BlackRock. The Harvard Endowment Fund just bought $101 million worth of gold because they know. They know. The big money knows. The big money is closest to the information. And that’s the thing. Well, let me ask you. I’ve been doing some research on BlackRock. BlackRock was started under Black. Blackstone. Right. Blackstone started it. Larry Fink and eight other guys were involved, I think it was eight other guys were involved in starting BlackRock.

It was in the beginning of the 90s. How does a company like BlackRock and now he’s going to be the, the co chairman of the World Economic Forum, Larry Fink. How does a company like BlackRock, who started from nothing under Blackstone, own become the most powerful company in the world, owning a large percentage of every major Fortune 500 company in the world? How does that happen? I don’t know. I don’t know. And I should research it more because it’s actually. You’ve actually piqued my interest. I don’t know. But they are, they’re the largest, to my knowledge, the largest and most influential hedge fund on the planet.

And it’s obviously very politically connected because they are, like I said, they are intertwined. They own all of the companies, companies that manufacture the military equipment. So they in essence are the military industrial complex. At the same time, they’re the ones who are the large they’re the whole the custodian of slv the largest silver trust in the world. So when you talk about why is silver been held down for so long I would argue it’s because you need it to make high tech weaponry. We’ve talked about this for a long time and they do. There’s 500 ounces in the tip of every cruise missile, Tomahawk, Hellfire, any of them and other Patriot.

It’s not just military, it’s all of it all tech. They’re gonna have to figure out another metal otherwise I mean I don’t, it’s, it’s very interesting. Well think about it. They, they, they hold down the price and it’s not even about price as much as is that everyone would buy it if they knew what it was really worth to make these weapons. They sell the weapons all around the world, they blow up places like the Ukraine and then Blackrock comes in under the other side of their company and they get the reconstruction contracts. They’re very connected, they’re very influential and they’re tied in, into the most powerful people on the planet.

The manufacturers of military equipment and the people that make the rules. This is the military industrial complex. They are very very very very powerful. And so I’m assuming it was there’s more to it than meets the eye. I think I’ll have to read up on that. Yeah, we’re going to have to talk about that that because that matters now he’s, he’s co chairing the World Economic Forum. It’s like okay, just like Stephen Mirren coincidentally being on the Fed and I’m sure whoever comes and takes the place of Lisa will, will, will be a Trump Bobo as well will do what Trump is asking to be do so you know, lower interest rates and weaken the dollar more.

That’s what they want but that’s what got us in this problem to begin with. So why it will help the government finance its tax debt. It ain’t going to help the younger people. This is the, or the, or the, or the poorer people. This is the Cantillon effect in action which says the people closest to the money benefit disproportionately. So in that environment the wealthy, their assets go way the hell up and then they decide to go buy a new Porsche and take a new triple. When that money is spent it trickles on down to the, through the economy and by the time it gets, you know the velocity of money, by the time it gets spent from the owner of The Porsche company, down to the local restaurants, down to the local targets and Walmarts.

By the time it gets spent, down to the average person who has access to it now, it’s been inflated. And that’s the whole point. Look at it this year. We’ve seen massive money creation this year and the dollar’s down 11% over the past seven months. Well, gold’s up 40. So if you own gold, you are benefiting disproportionately to those who don’t. Or any assets, crypto or stock, all way up. So you are benefiting. The people who don’t have assets aren’t, because by the time they get to use it, you bought all sorts of stuff with it that way up.

And when you sell it and put it into the real economy and it trickles down, well, it just comes back to these people in the form of higher food and energy and costs. And then they work on giving them bread and circuses. That’s why entertainment and celebrities are pushed and sports are pushed and all these things are pushed. It’s like, because if you can keep them preoccupied. But the problem is, is that people, people are their own worst enemy in that way because they do get preoccupied with stuff and they don’t want to talk about money because it’s boring.

It’s like I’ve had people, and some people said this publicly, when you talk about it’s boring, nobody wants to watch you because it’s like, well, it’s the most important thing that’s going to affect your life is what we’re talking about right now and all. Everybody’s preoccupied with the circle circus. But when they can no longer get bread, which is what’s starting to happen, that’s when we’re seeing what Martin Armstrong is seeing in his data. Well, yeah, I mean, I’ve said this to you before. My parents were married in 1963. My dad said he worked for Helene Curtis.

It was like a women’s cosmetic company right out of college, making six grand a year and they could live comfortably. I remember after the Twins, you know, you and I grew up in Minnesota in 1988, when the Twins won the World Series. 1987, when they won the World Series after going being in last place the year before, this young kid, Kirby Puckett, what an amazing baseball player. He signs the largest sports contract the next year in Sports history at $3 million per year in 1988. Joe Burrow, the quarterback of the Cincinnati Bengals. I was sitting in a bar with my friend Kevin the other day and we were looking at his contract and I don’t remember exactly the number that he signed for, but I do remember, remember this.

We took the number of pass attempts the year before and divided it into his yearly salary. It worked out to $85,000 per attempt. 85, 85, 85. Doesn’t matter if he was caught or not. Every time he attempted to pass like 600, 500, 600 attempts in the season, he made $85,000. If you divide it into. So the value of the dollar is just becoming destroyed. Destroyed because they’ve created so much of it. Where 3 million was the largest contract in sports history the year I graduated high school. And now a quarterback makes $85,000 per pass attempt. I mean it’s crazy.

So is the dollar or are things becoming more expensive or is the dollar losing more value? This again is the Cantillon effect in action. And with all the money printing things have become far more expensive. But a guy like, like Joe Burrow can buy millions and millions and millions and millions of dollars worth of assets that in this environment as the dollar loses more and more value become worth more and more money. So it’s a disproportionate benefit to the wealthy versus the poor. And so when Trump says this is done to make first time house buyers have give them a shot at buying house, baloney.

It is, it’s being done to transfer the wealth to the upper 1% away from the. Because the lower the rates go, the higher the prices go on the houses. If your house is worth 200,000 at 6, 7% mortgage, what’s it worth at a 3% mortgage? Now you got the cost of money is two and a half times cheaper. More and more people come buy it, the price goes up. You’re right. But we have a situation where kids can’t buy homes. I mean we’re in like this, this back. That’s why it has to reset. That’s, it has to reset.

And so he’s trying to do a short term fix so that these kids who are, they’re not really kids, they’re 30 years old, they’re younger, they can’t get homes, it’s totally permanent and the interest rates are too high. People don’t want to sell because they’re, they got, they’re in a 2% or 3% mortgage, who wants to sell? I mean that we’re in a bad situation. They think their house is worth a lot more than it is. So unless what he’s trying to do is play the long game and Bring back manufacturing and grow our way out.

Sort of reset the system by soft defaulting on the reserve status. But he’s only here for two and a half more years. We have somebody that follows that has the same plan. Otherwise that’s a bigger problem. Set us on a plan. But unless we have somebody else who has the same economic foresight, we’re screwed. Well, let’s hope that this administration would then continue and Vice President Vance would be elected. I don’t know. But I think if every president looked at things that way, nothing would ever get done. So I give him credit for trying. We’re at that point now.

If we don’t try, we’re dead. We’re dead in the water. We are. Period. And we’re broke and we’re insolvent and we don’t have manufacturing and we don’t have much of a college education base. Only 40% of the country does. And IT and AI is going to destroy good paying jobs. It will make some jobs better. But here again you’re talking to highly educated people who will get those jobs. That’s right. But the mundane jobs or the manufacturing jobs or you know, all of these jobs that have put people to work for so long are gone now.

What? So I think it’s noble, I think it’s a shot in the dark. But I can’t see any other way to do to make this country great again. As he says, without, and I referenced the Andy Dufresne Shawshank Redemption, you’ve got to crawl through the two miles of crap to get to the other, other end. There is no way around it. We have destroyed the value of the dollar through stupidity and irresponsibility. And we’re 200 trillion in debt with nothing in the way of assets. We have $5 trillion that the US government has in assets against 200 trillion in liabilities.

It doesn’t add up. Something’s got to be done. We’re at kind of getting to the end of the road and if you don’t do it now, it ain’t ever going to happen. Screwed. Yep. Okay. Where do people get hold of you? Sarahwestall.com Miles Franklin thank you for saying that. Yes, absolutely, absolutely. Well, but we’re helping people. Tens of millions. I mean, I don’t know, at some point we need, we need to sit down and think about how many. I know there’s billions of dollars of scams out there right now and there’s certain companies that we’re seeing over and over again that are scamming People and, but we’ve been able to recover tens of millions right now.

Well, I’d love to make a request to your listeners and that is that any of the people who we’ve helped just send a note to Sarah, let her know and that we’ve helped her. You know, we try to maintain client privilege and confidentiality. But I think it would really be nice. We’ve helped at least 100 or more people that have come from you that really have been put in a horrible position and we’ve done it in a classy way. I’ve never mentioned the names of these companies. I’ve never done anything of that stuff. Just simply to alert people that if you’ve fallen in this trap will help you.

And I’d love for them to reach out to you with even a confidential note just saying, hey, this is what happened. This is where we are. I love the opportunity to help your people. I love working with you. You’re someone who is progressive, who gets it, who’s smart and is doing. You know, this sounds silly but I mean it God’s work and it sounds silly, but it’s right. And you know what, you don’t need to sit and talk about it being God’s work. You just do what’s right. Right, right. You just do what’s right. Don’t have to sit and talk about it.

Well, you do. And I will tell everyone out there as much. I’ve been at this for almost 36 years. You’re at the very, very top of the list of people who I can unequivocally say are and you have a whole lot of honor and integrity. So thank you for letting me be a small part of it. We would love to, to help people reach out to us. We’ll make sure they get the best prices again when they send that email to you. Sarah westsall.com Miles Franklin and requests a price list. It will be as good or better than anyone in the country.

If you find better prices, let us know. We only update it twice a week. Normally we can beat it. And, but, but also I want to say, I want to say what differentiates you is that they can trust you. I mean and, and we are establishing that, that track record of trust and that’s what I’m proud of. And we’re, and thank you for that. It means the world to me. And to put an exclamation point on that, Minnesota is the only state in America that regulates a federally non regulated industry. We’re licensed, bonded and background checked and that’s why I left my corporate offices in Minneapolis, even though I live in Delray Beach, Florida, or Boca Raton is specifically because we’re held to a higher standard.

Most companies in America won’t do business in Minnesota. They would have to be subservient to the Commissioner of Commerce. The way we are just means you won’t get ripped off. So, again, as always, I love doing our weekly shows. I look forward to coming back next week, and I’m sure there’ll be lots to talk about. Every week moving so fast, more and more. It’s moving. Okay. Thank you so much, Andy. You’re the best. Be well, Sarah. Take care. SA.
[tr:tra].