Jobs Losses Hit the Millions Real Estate Nightmare Repo Markets more w/ Andy Schectman

➡ The article discusses concerns about the increasing reliance on digital currency and the potential for internet outages. It warns about scams in gold IRAs and emphasizes the importance of investing with trusted companies. The article also highlights the risks of over-investment in AI technology, comparing it to the dot com bubble, and warns of potential job losses due to AI efficiency. It ends by suggesting that investments should be made in areas with more realistic profit opportunities.
➡ The speaker expresses concern about the rapid advancement of artificial intelligence (AI) and its potential impact on jobs, society, and the economy. They worry that AI could replace many jobs, leading to increased wealth disparity and a loss of critical thinking skills in future generations. They also highlight the potential for AI to disrupt industries and the justice system, and stress the need for a broad, systems-level understanding of these changes. The speaker calls for careful consideration and management of AI’s development to prevent negative long-term effects on humanity.
➡ The rapid advancement of artificial intelligence (AI) and robotics, particularly in the U.S. and China, is raising concerns about its impact on jobs, finance, and security. The shift towards a digital society, including digital currencies and surveillance, is also causing worry. Meanwhile, the increasing debt and low literacy rates in the U.S. are seen as additional challenges. The speaker emphasizes the need for individuals to adapt to these changes, particularly by gaining knowledge in fields like AI and robotics, to ensure they can thrive in this evolving landscape.
➡ Many young adults are struggling to find jobs and are burdened with student debt, making them dependent on their parents. The job market is changing rapidly due to technological advancements, such as robots performing tasks previously done by humans. This shift towards a digital world, including digital currency, is as significant as the advent of the internet. However, concerns arise about who controls these systems and the potential for misuse, especially in light of recent events like the COVID pandemic.
➡ The article discusses the current financial crisis, focusing on the overnight lending market where banks and hedge funds are reluctant to lend due to a lack of trust in collateral, particularly mortgage-backed securities. The Federal Reserve has had to inject over $200 billion into this market, indicating a crisis level. This issue is also affecting the commercial real estate market, with many entities defaulting on their loans due to the high costs of maintaining large buildings. The article suggests that gold and silver are safe assets to invest in during these uncertain times.
➡ The text discusses the increasing value of gold and silver, suggesting that central banks and well-informed traders are investing in these metals not to get rich, but to protect themselves from an impending economic shift. It also emphasizes the importance of investing with trustworthy individuals and companies, warning against those who may take advantage of uninformed investors.

It’s like the, the foreshadowing is ridiculous that they had one recently about what would happen if the Internet went out. What would happen if the Internet went out. You know, I think these are all things that you have to wonder are the people pulling the strings the ones that were behind all of this? And I would say to some degree they are. That’s the sad part. Look at all the patents Bill Gates and Microsoft has on digital currency. It’s very concerning. And how Visa and MasterCard have embedded themselves into this type of technology. And how Visa has created a reverse cash ATM machine where like at the super bowl last year, you walk in with a handful of cash there.

No one takes cash. You put your money into an ATM machine and out pops a card. And that machine actually, they say destroys the currency. 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 rate 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 Miles Franklin, 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 Schekman coming back for our Friday night economic review. And we’re going to talk about the dangers of AI. I know it’s been talked about a lot, but I’m not sure if it’s been really talked about from the standpoint of the economics behind it. And then we get into some of the more under reported, very important headlines when it comes to the world financial system and the economics in our country. What you may not be hearing about and you know, that’s the takeaway that I want you to take from today’s discussion.

Before we get into that, I want to remind you should be investing in gold and silver just to protect yourself with all the turmoil and instability that’s coming even a little bit can go a long way to protect yourself. But be sure to do it with somebody that you can trust. And that’s why I’ve been working with Miles Franklin because they’ve been proven to be trustworthy. They haven’t hosed people over like so many other companies out there. And so you need to work with somebody that you can trust. So go to sarawestall.com Miles Franklin fill out that form.

You can get access to the private price list which is not public and you’ll get the best prices in the country and you will get service that is great and you can trust them. So go to sarah wessel.com Miles Franklin okay, here’s my Friday night economic review with Andy Schectman. Hi Andy. Welcome back to the program. Sarah, great to see you. Okay. I figured for this we should talk about all the hidden risks coming in. It’s a, it’s really bad. We just went through them. There are a lot of explosive financial economic risks that people are not realizing because they’re not being reported.

What is being reported are, are the risks that help the political parties and hurt Trump or help Trump or whatever. But it doesn’t really, nobody talks about the real issues really. I mean they’re just not talking about them. So let’s start with AI, the investment in AI in this country. What did I say the total number was when we talked? Just in this country, the percentage of investment in AI over 50%, I think. Yeah, it’s 64% of VC dollars have been in 2025 went to AI. Globally it was 52% is depending on who you look at and who’s reporting.

But that’s unheard of kind of investment dollars in a single industry. And obviously there’s going to be a bubble that’s going to pop. It’s just not sustainable. What do you think? How long do we have before that? I mean we got Project Genesis that’s coming up. And, and they’re going to, they’re trying to reshape everything based on AI and it will reshape everything. But the investment dollars are crazy. When do you think that will pop? Well, I mean it’s, it’s not only is the technology changing so fast, but the investment is moving in, pushing PE multiples to levels that no one in their right mind would have ever even thought of back in the day.

And it’s incredibly risky. Yeah, I mean it’s the same thing as the dot com bubble where everything flowed into anything that was related to technology. And you know, on a bigger scale. You can look at it from that standpoint. Sure. That there’s mal investment, there’s over investment, there is throwing caution to the wind type of investment. But look at the bigger picture as what it’s going to do. It’s going to, not only is it going to depress wage growth for sure and create layoffs, it will create a good deal of efficiency for business owners, corporate owners, the big behemoths at the expense of millions of jobs.

And so it’s kind of a double edged sword. On one hand, yes, you could argue that it’s become irrational in terms of the amount of investment going into it and the price to earnings ratios on what it takes to, to own these stocks where you’re talking, you know, many years out in terms of, when you talk about, you know, last I looked, I don’t even know what there were a few, not Nvidia, the Palantir was a couple of hundred to one PE ratio. I don’t remember what the number was. But these are extremely, extremely stratospherically high numbers.

And I think that back in the day it’s important to realize that people wouldn’t invest in this industry, or any industry for that matter in stocks unless they were paying somewhere or being valued at somewhere in the neighborhood of single digit price to earnings ratios while paying a 5, 6 or 7% dividend. You don’t see any of that in any of this stuff. It’s very dangerous. It does remind me of the dot com, you know, phase where people, because I, I was in that, I remember being in the middle of that going why are they investing in these companies? They are, it’s, it was joke kind of stuff.

Right. They were throwing it at anything that, and, and the, the, they were right. The Internet was going to fundamentally change the way the world was operating. And it did. But they were investing in anything that was Internet thinking that. And nobody understood. They weren’t, they weren’t doing the due diligence. It was just a complete fault farce. Right. Some, some companies actually did really pay off. Maybe that was the, the case. They said okay, we’ll invest in 10, one will really make it big, the other ones won’t and who cares? And which is pretty much what happened.

It is what happened. But some of these companies that got investment dollars were such a joke and I think we’re seeing the same pattern except I, I think it’s on steroids. I think it’s worse than what we saw then. Yeah, it Appears to be that way when you’re talking north of 60% of, of you know, venture capital funds rolling into AI there, there certainly I, I would argue it’s probably not being investigated the way that with, with discernment the way that they should have in terms or that they should in terms of, you know, investing your money in sound projects.

And look, you know, things change very, very rapidly. You’re already beginning to see companies trying their. Like Google just came out and said that they have a chip that will challenge chip. Google has the, the Google Willow Protege which is quantum computing that supposedly. And they will say this, that it can do in five minutes what the world’s fastest supercomputers can do in 10 septillion years. It’s like 10 to the 25th. Crazy. I know, it’s crazy. So things are changing that fast. At the same time you have a lot of money. Where these mining centers where they were mining for Bitcoin are now because of the halving cycle in Bitcoin and because of the cost of energy, it’s becoming uneconomical to mine for bitcoin in these huge data centers.

They’re now transitioning to AI. So you have so much pouring into, into you know, a small little field, you know. Yeah, sure, there’ll be some winners. Yeah, right, There’ll be some winners. There’ll also be some massive losers. I think it’s, you’d be better off looking to a, to an area that has a greater opportunity to profit with, you know, more realistic PE ratios and, and more realistic forms of return in the form of dividends. So I’m not, you know, sure exactly where that is, but I think at this point it would be maybe not considered the most prudent move to jump into the AI fray when you’re seeing this kind of volume going into willy nilly into the industry.

Well, I think probably the support structure for it is probably a better bet right now. The fast electricity. Yeah, yeah, I mean, whatever. But the faster chips are probably going to be necessary because that reduces energy. Right. I mean if you can get something that takes five minutes, that used to take years, that’s going to reduce energy. Well, I think another mandatory. Right. A bigger question is how will it be disruptive to all of the, you know, the, the, the infrastructure that relies upon computing. When you talk about, you know, anything alphanumeric and quantum computing, that is now becoming more of a reality.

Yes, these are prototype chips, but so what, I mean you’re talking massive consequences of that type of technology to a World that is moving increasingly digital. I personally am very concerned about the AI revolution. I think it’s. The genie’s been let out of the bottle for sure. But you’re talking 30 to 50% of entry level jobs gone within the next three to five years. You’re talking many white collar jobs. My son was, before he came to work for me was an accountant at Price waterhouse getting paid 80 grand to analyze a balance sheet of a real estate investment trust.

AI can do it in six seconds for free without having to pay that and, but that’s going to. You know, I was on a show the other day and it was kind of like a game show, kind of like Shark Tank. And I had, I had to in a few minutes present why someone should own gold. And there were three or four contestants each in their own field. The gentleman who owns this show is a billionaire, is blind attorney who’s very successful in an entrepreneur and he started this program. They also have a AI platform that they are rolling out that is.

Is as incredible as anything I have ever seen. And at the end when he called up the AI number live so everyone could witness it and asked it to compare and contrast using artificial intelligence and compare and contrast it with precious metals on how someone like myself as an executive could, you know, find a better work life balance. And he talked on the phone with this AI it sounded kind of like Alexa for five, seven minutes and, and very deep and bang. This thing just rattled stuff off like I was so blown away by it, I can’t even tell you to the point where he said, you know, offline.

He said see you could, you could make a thousand of yourselves and you can sit on a boat in the Caribbean if you’d like. I know it answered questions so perfectly and was such depth and articulate and I mean and, and you start to think what is this going to do? I know to the workforce. It will make. It’s a K shape economy that we’re heading into. We’re already in where the rich will get richer, the poor will get poorer and this maximum efficiency will come at the expense of millions of jobs. And that’s, that’s just the truth.

And you can see it’s being fast tracked by the amount of money that’s being poured into the system. And I gotta tell you, I’m con. I’m really concerned because I think this will be centuries of. It’ll affect the human race for centuries. Right. If we don’t get our together and not. Well, you want to talk about universal basic Income in one world order. I mean, this is it in the respect that everyone always said that. But if around the globe, in any industrialized world, AI takes away from. And robotics, don’t forget robotics. I mean, Elon is bringing out his robot company next year.

You’re talking robotics that can disrupt all the way up into, you know, police force, into dangerous jobs like working in, you know, in, in underneath the subways or in sewers or, or mining capacity or. I mean, the whole thing, it’s dystopian, but it’s, it’s real. And I think people need to think about that. It is. And even like Elon Musk put out a thing about it replacing judges, because AI can be impartial and you can get a result in six minutes from that’s objective. Now this concerns me because whoever’s behind it is who we have to be concerned about.

If tyranny is running the judges, which is what we kind of have. We have a bro. I don’t want to say we have a broken justice system. We have a very corrupt, captured justice system. And so tiered, maybe we have tyranny behind it. And so people who. You can’t even get discovery on things, that should just be automatic discovery because if you get discovery, then it messes up their case because there’s too many things they want to hide. And so judges are paid off or something because discovery should be open on a lot of these cases and they’re not allowing it.

And so we have a really captured, corrupt system. A very objective AI could change that. The problem is if we have a tyrannical AI, it would be, it would be worse than we have today, which is already pretty bad. So, you know, you look at what it could actually change. I’m concerned because this is what I’ve been. We have, we have people that understand human development in society and systems level stuff. That’s what we need to look at. It needs to be a broad systems level look at what’s going on. Very few people are thinking in that direction.

And we don’t have, the people who are involved in politics and designing human systems don’t have the understanding, the engineering tech understanding to understand how it’s being done. And then the people who are the scientists and engineers that understand how it’s being done don’t have the human side of it. They just don’t think that way. And so we have very few people that are actually equipped right now. And so what I’m saying is we as a society, we’re just not mature Enough. I think that the technology has bypassed humans ability to take it on. I’m very concerned.

And when it comes to education, I think it will cause children to not develop important, critical, necessary skill sets. Because it already has, it has. And so whole generations are going to be missed. Like we can’t utilize them because they don’t have the skill sets we need. Yeah, they just came out with the report saying that 60% of the country has a literacy rate under that of the sixth grade. This isn’t helping things. When they are able to cheat their way through fact finding, critical thinking. You know, the things that we had to do which shaped this society for the last 50 years.

You know, where it wasn’t just at your fingertips, you had to think and to research and to dig and spend time. Of course it does. It’s the pursuit of knowledge that makes you smarter. It’s not just it right there. And yeah, and they were saying that in the next several years the next wave of AI, the, the more advanced form of it will present a, a reality where it, it has the ability to have all of the accumulated knowledge of every human being that’s ever lived. And so you’re talking about everything at your fingertips in terms of knowledge now.

You know, I guess in, in a perfect world that could be great. But it also I think presents the possibility to create a generation of very lazy people who, who don’t critically think for themselves. I think that’s going to wreak havoc on the, on the labor market. Just wreak havoc on it. I think it’s inevitable. And you know, I’ve been talking to some people who are on the cutting edge of, of finance and development and that way. And they’re concerned that their engineers aren’t getting, because so much of that is automated. They’re concerned that they’re going to have to force, they’re even thinking of doing this now, force their entry level engineers to do things by scratch just so they can learn the skill set they need.

Because we don’t have the pipeline now for people who can actually manage this stuff because we, it’s all automated and, but at least they’re smart enough to realize, okay, we gotta back out here because we’re not developing the pipeline that we need. And I think that’s gonna happen in every industry. If we aren’t, if we’re just willy nilly running towards this without actually taking a step back, going, wait a minute here we are really undermining humanity for centuries. Forever, maybe, I don’t know, for centuries. If we don’t get our shit together. No, this is, this is the toothpaste is out of the tube type of deal.

This is forever unless, you know, we just blow it all up and go back to handwritten notes and stuff. This is just the very beginning of it. And yeah, it should be concerning. It is concerning. And you know, and it’s a race right now between the United States and China for supremacy in the area. But pretty soon everything will be robotics and AI. And what does it mean for the whole world? What does it mean for warfare? What does it mean for finance? How about the Google Willow chip and quantum computing? What does it mean for a world that is on your cell phone? How about cracking and hacking into bank account records and into cryptocurrency and into everything you know, the company like as it is right now, a company like JP Morgan spends over a billion dollars with a B a year on it and security.

How big does this get? At what point does it make it impossible for the small business person to have any form of digital records that are safe? The whole thing is just. You can let your mind go, but when you think about a one world order where the world is living on universal basic income, where you have the rich and the poor because there are no jobs out there for people to make a living, this is where you get into that dystopian type of Klaus Schwab, you’ll own nothing in rent and be happy type of environment.

And it’s not, I mean, you know, even if as I’ve talked about a lot lately, the ability to trump to bring back manufacturing through getting rid of the dollar, reserve currency, debasing the dollar and let’s just say he does, how much of that will be kneecapped by robotics? You take a look at a typical car assembly line. Used to be all people, now it’s all robots and, and on and on and on. And it’s becoming a reality. And while there are opportunities on the investment side, it just as you were saying, so much money is pouring in there, you don’t know where the value is.

And things are changing so fast that you know, what is groundbreaking today may not be tomorrow. The bigger issue to me is what does it do profoundly do to the economy at large, to the markets and just to life in the United States or in any industrialized society. As AI becomes more and more and more prevalent at the same time the culture, the society is moving into the digital surveillance state with digital id, with stablecoins, which in my mind are a central bank, digital currency Masquerading as a stablecoin. Just issued through third party entities, but monitored closely by.

By the feds, by the government. You know, we’re moving in that direction. Everything. You know, 65% of Gen Zers say cash is cringe. Like really? You can’t hold cash? Cash is cringe? God, yeah. Because no one wants it. I know. And that’s the point, is that we have a country that is illiterate. 60% of the country has a reading proficiency under that of the sixth grade. My husband says, just go ride the transit, Sarah. Just stop and go ride the transit. Just go ride. And that’s. You can see where the country’s at. But it is. And we’re broke.

Household debt, credit card debt, student debt, car debt, car payment delinquencies, they’re all at record highs, you know, and so we’re in debt, we’re uneducated, we don’t make anything. And AI is advancing at a rate that is mind numbing. It doesn’t bode well for things unless there is a change. And the change starts with understanding and bettering yourself, at least in terms of information, you know. And with this information war, though, how do you know? And this, this is why I’m just really buckling down and saying I’m getting more, a lot more serious, guys. Because this is getting.

I got to be the adult in the room. And you need to be. I can tell you are the adult in the room. We have to say, okay, we gotta be the adult in the room. Because if we’re not, we’re screwed. And we gotta be more responsible in what we do. Because the information that’s out there, we’re in the information war. And so much of the information is so bad that it’s driving people in ways that are not helping people. And after we live through Covid and after we’ve seen some of this tyranny at a very scary level, I don’t want these people behind this, you know, that’s why I’m saying it is beyond important for people to step up and get more serious and realize that although it’s fun to do creative kind of stuff that doesn’t matter and gets the clicks.

We gotta be more serious. Cause this is riding. It’s like lemmings following each other off the cliff. Yeah, well, that’s the herd mentality. And that’s why so few people don’t fall off the cliff because they’re the ones that act independently. Like yourself, like myself, who say things that most people would think are Crazy. Yet those that are open minded, you know, the difference between, to me, the difference between being smart and being intelligent. If I were going to make kind of just a generalization, you know, you can say that someone who’s very intelligent is very well read, maybe reads the wrong stuff, but to me, someone who’s smart doesn’t really need to be overly intelligent, but they need to be able to understand that the world is very dynamic and that, that things change and they have the ability to change their opinion.

And that’s the difference in my mind between someone who’s intelligent, someone who’s smart. If you’re smart, you can have an opinion on, on the world, but be presented with facts that make you say, maybe I ought to rethink that and are able to do so. You see a lot of people like in our home state, our, my, my old home state and yours of Minnesota, and I wonder what the hell they’re thinking. Like, how could they even begin to think of, of reelecting Governor Walz with all of the things that are happening. And yet these people, many of them are very intelligent.

They’re just not smart. They’re not able to look past their disdain for the Republican Party or for President Trump. And to their own detriment. Well, yeah, because the economic reports came up that Minnesota is one of the lowest now on from an economy standpoint, we’re absolutely going in. It’s kind of like Detroit, you know, I mean, we’re going into the gutter. Well, how about the hundreds of billions of dollars that have been funneled to over a billion to Mogadishu, many of which to Al Shabaab or whatever it’s called, a terrorist group that wants to end America.

So I mean, the whole thing, and yet this guy gets a pass and there will be people that will still vote for him. My point is now that’s diverging from what we’re talking about. But it’s the point that you have to be able to understand the world is very fluid and changing very fast and that you have to be able to look at it and say, yeah, maybe it’s time that I look at things a little bit differently. Maybe it’s time. For example, you know, if you got kids that are going to college, you need to sit them down and say, no, you’re not going to study that or that or that.

It’s a dead end. How about you? You position yourself into a field of study that would, if plays out, if we see AI like it’s projected to be as disruptive as it is. Find a area of study where you can implement artificial intelligence, robotics, that kind of stuff into your studies so you can come out of school with the ability to make a living and make a difference. Otherwise you’re just wasting time, wasting money and screwing yourself for the rest of your life. And that is the truth. I’ve had this conversation where my daughters were in tears.

I said, I don’t care what you want to take. It’s sad, but this is the truth. You want to come out of school after four years at, you know, Penn State University and work at a Starbucks? Well, that’s up to you. Or do you want to find something that the world is moving in this direction now? Smart, intelligent, intelligent. No, I don’t care. This is my passion. I’m going to follow it. Great. We’ll see where that takes you. Smart. You’re right. You’re right. Darn it. I’m still going to learn about this, but I’m going to find a way to implement these changes, these Chang dynamics into my narrative.

You have to do that. You have to be able to say I’m wrong and a lot of people can’t do that. But well, my daughter, as you know, went to Penn State and then she transferred to the University of Minnesota during COVID And I said, you gotta have the stem. You have to have something like you just said AI Robotics. But back then it was more just something in this field. And then you can translate that into whatever you want later. But yeah, this is where the entire world is going and you have the brain for it.

So fricking do it. And then translate it into whatever the heck you want. Yes. And later though, now that they’re older and have jobs, they’re like you. They are so happy that they went into that. Now they want to translate it into what they want to do. But they’re really happy that they were able because so many of their friends are not getting jobs or they have full time jobs and they’re still dependent on their parents or they’re miserable too. Yes. And you know your daughter’s age group, the Gen Z population is the highest level of unemployed in America.

So they can’t get a job, they’re in debt, they have student debt. Many of their degrees are more or less worthless in this new world. Yeah, I think these are the kind of things that are very important to discuss and to think about as you move forward. You have friend who’s a periodontist. I said, well, at least your field is safe. He said, yeah, I don’t know about that. There are robots coming out right now that do all of it for you. In fact, he says, I have one that places the crown or the, the new tooth exactly where it’s supposed to be.

And so it’s like, better than I can. Every single field is being, is being disrupted. Just about every field is being disruptive and disrupted. So it’s a big deal. It’s a big deal. I think when you look at the amount of money that’s going into it, it shows the emphasis on this. It’s going to expand, it’s going to. It’s going to be as relevant as the Internet was. You know, when I started Miles Franklin, there was no Internet. I remember thinking, who the hell would want to use a cell phone? I remember seeing a guy at a Chinese restaurant in Minneapolis, said the Yangtze restaurant in St.

Louis Park. I never forget it. That was in high school then Maybe, or in 1989, just graduated high school. The guy’s got a phone the size of a shoe up to his ear. Came in a big box and everything. And I remember saying, who would. After that, who would want to use text or email? Why not just call? I mean, all of the things that either you roll with the changes or you get rolled by them. And you know, now look at how prevalent the Internet is to everyday use, whether it be, you know, smart apps in your house, your bank information, you know, your, your credit cards, your.

Everything you do, everything is, is on the Internet. And it’s just as profound as that has been, this will even be, I think, far more. And it helps usher in also the digital surveillance state where everything is digital, including your money. And this brings in a whole nother discussion. But yeah, we’re moving into that direction. No question about it. Well, I think the disturbing thing for me is who’s behind all this. If we had people who I trusted or we could trust and we had some kind of way to filter them out, that they’re not psychopaths and they’re not trying to just control us like what we just saw with COVID I don’t want those people behind these systems.

I mean, we can’t afford that. And I think that’s what is the scary part. Just a short break to share with you an amazing peptide. This one is ghk cu. This is one of the best anti aging peptides on the market, period. As far as what they’re finding. This comes in a spray, a nasal spray. It comes in an injectable. And why I like this so much is. It also also comes in a capsule form. So this is a really great option for you. If you do not want the injection, I use the injectable. But what it does for people is amazing.

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This one is an amazing anti aging peptide peptide. So remember GHK CU and remember to use the coupon code Sarah to save 10%. Okay, back to the program. Look at Microsoft, how deeply entrenched they are in this chat GPT and their new systems. I mean, you know, is Bill Gates involved in. Was he. Did he have anything to do with what happened with the COVID vaccines and whatnot? I mean, you know, think about the wa. Who was it? The, the group that had the, the pandemic govee stimulation right before the pandemic in Europe? Yeah, yeah, yeah.

I don’t remember. What was it? The, the. It was the Klaus Schwab group. What’s the economic group? Yes. And they simulated what it would be like in a, in a pandemic. And they actually used a coronavirus of some form. It’s like the, the foreshadowing is ridiculous that they had one recently about what would happen if the Internet went out. What would happen if the Internet went out. You know, I think these are all things that you have to wonder are the people pulling the strings, the ones that are, were behind all of this? And I would say to some degree they are.

That’s the sad part. Look at all the patents Bill Gates and Microsoft has on, on digital currency. It’s, it’s very concerning. And how Visa and MasterCard have embedded themselves into this type of technology. And how Visa has created a cashless, a reverse cash ATM machine where like at the super bowl last year, you walk in with a handful of cash. There no one takes cash. You put your money into an ATM machine and outspoke pops a card. And that machine actually they say destroys the currency that has the capability to, to write down the series to take Note of the serial numbers on the bills and get rid of it all together and then give the person a digital card.

Everything is moving in the way of, of this. And I think bettering yourself through understanding it and finding ways to integrate yourself into the system, as advantageous as it can be for you, is important. One of the reasons to own physical gold and silver is it is outside that system for as long as you want until you bring it back into the system and liquidated at that point and have to be paid in digital dollars or whatever it is. But we are moving in that direction to a stable coin based system. But that’s why gold and silver is increasing.

I want to talk, before we end this, I want to talk about a couple other things that people don’t realize are threats that are happening. We have commercial real estate crisis has been the, you know, the can has been kicked down the road with that. And we have $1.5 trillion in commercial mortgages that are needing to be reset. We also have the businesses, it’s kind of tied to the same thing. The businesses that were stuck in are set, not stuck. They were happy to be in. Loans that were 2 to 3% are now all needing to be reset as well.

You can’t reset these mortgages and these loan rates at 6,7% when they were 2 to 3% before and expect these businesses and these commercial loans and all these people to be able to make it it. I mean, it’s just not going to happen. This is why we’re seeing problems in the repo market. Again. The repo market is the overnight lending mechanism between banks and hedge funds. And normally you don’t hear about it. That means the plumbing of the system is working well, literally they borrow from one another, lend to one another overnight and to balance balance sheets.

Let’s just pretend, let’s use the state of Minnesota, which has a lot of Fortune 100 companies. Let’s say US bank, who is a Minnesota bank, has payroll obligations to 3M, General Mills, Best Buy, Target, Medtronic and Boston Scientific. You know, those six companies alone, their payrolls are into the hundreds and hundreds of millions of dollars, if not more. And they all come on the first of the month. And bank of America or US bank is just a little bit short. In order to fulfill those obligations, they would borrow money from another bank in the system, like let’s say bank of America or Wells Fargo or JP Morgan, and they would give them collateral.

Repo stands for repurchase. So typically they use US Treasuries. If not they’re going to use mortgage backed securities. And there’s been a lot more mortgage backed securities posted as collateral than Treasuries lately is there’s a little bit of a shortage, I guess of Treasuries in that space and we’ve seen some very big problems recently. Let me explain. And this is all about commercial real estate. So typically these banks will, no questions, ask for a very small percentage, like maybe a half a 1% annualized. So it’s tiny, tiny percentage, but huge amounts of money. They will exchange Treasuries or mortgage backed securities for cash and then agree to buy it back the next morning at a slightly higher price.

And, and when that is flowing, everything works great. Right now what we see, it’s like you turn the water on in your house and you hear thumping in the walls, you know something isn’t flowing right, no matter what faucet you turn on. So basically if we go back to 2019 when the repo market went to 10% interest rates overnight and the whole thing almost blew up, the same thing happened in 2008, right before Lehman Brothers and the repo price went way up. Banks don’t want to lend to each other. Back then it was liquidity. There wasn’t enough liquidity in the system.

And so the Fed had to come in and put liquidity into the overnight lending market so they could come in and help keep the, you know, things moving. Well this time over the last month or so, there has been somewhere in the neighborhood of over $200 billion added by the Federal Reserve into the overnight lending. Now that is crisis level lending. That’s, that’s right up there with the great financial crisis, Lehman Brothers, Covid, all of these things kind of money that the Fed put in. In normal times the Fed doesn’t put any money in. If there’s a little bit of stretch, maybe a billion or two to put in 200 billion, 125 billion over three days about two weeks ago and then the last couple of days, including Thanksgiving night when the COMEX market blew up or froze, interestingly enough, about 30 or 40 billion was put in.

Now this is all crisis level injections. What it is saying is this, that the banks and the hedge funds who are the players in this market, they’re like, nah, no, I don’t trust you and I don’t trust your collateral more than anything. I don’t trust your mortgage backed securities, whether they be residential or commercial. I don’t trust that they will be solvent even tomorrow morning. So I am not going to lend any money to you overnight. I’m just going to keep it parked at the Federal Reserve, earning the federal funds rate with no risk. And when the overnight lending market like this has this kind of problems with massive injections coming in by the Fed that tells exemplifies exactly what you’re saying is that the commercial real estate market is in very, very, very big trouble.

And the banks who lent the money to these entities to, you know, buy these massive buildings. Most commercial real estate loans are what’s called non recourse, meaning if you default on your mortgage, that’s there is recourse there, they can come after you. But a corporation who has a, you know, a $300 million lease or whatever just walks away, gives them the keys. It’s non recourse, not much you can do. And then you throw into it AI which is kneecapping business and the need for employees. So what do you need these big monster buildings for? The commercial real estate problem beginning and the residential real estate market problem is just beginning.

And so you’re right, it’s something to be very concerned about. But when I look at a lack of trust where there’s twice the amount of liquidity in the system today than there was in 2019, it’s not a liquidity problem, it’s I don’t trust you or your collateral problem. And the majority of the collateral being post are tied to mortgage backed securities, commercial mortgage backed securities. It’s just beginning and I think it’s very smart that you say that. And if they have to refinance at these higher levels, many of them will just have to walk away. We saw that a couple years ago, like the biggest hotel in San Francisco where, you know, during the pandemic there were, there were no.

And what’s happened to that beautiful city once, Beautiful city. The trade show industry just collapsed from over there. They just gave them the keys and walked away. The cost of running the building was far, far greater than what they were taking in. And all of the equity they had in it, gone. Now that bank is holding that at a massive loss. What do they do with it? Well, that’s why, that’s why the small banks are at risk too. They’re saying that this is the highest risk for small banks coming up. The regional banks hold 70% of the commercial real estate loans.

You’re right. And so it’s all tied together and, and what it’s going to do is it’s going to accelerate consolidation into these large companies. It falls into the lap of this globalist plan? Because that’s right. And why would you want it in a handful of banks? Because it’s much easier to implement a central bank digital currency scheme or stablecoins that are administered by just a handful of entities monitored by the Federal reserve than having 5,000 regional and local banks. It’s all very. I mean, it’s crazy. Perfect storm of crap. Okay, well then this is why. If you’re going to say, well, why talk about gold and silver in any of this, it’s because it’s one of the only assets that not only has no counterparty risk, no one’s holding it on your behalf.

It’s outside this digital prison wall, if you will. One of the few things it is. Well, okay, so 2025, we saw about 1.1 million layoffs, which is the same as the peak of COVID 2020, which is scary. Right. And you’re not hearing that Right. Right. Because it’s. I think it’s too scary. So they’re not talking about it, but they’re projected to do 1.17 million layoffs in 2026. So it’s, it’s growing a little bit. This is the beginning of what we’re talking about, isn’t it? The. It is, it’s just the beginning. It makes sense. It’s the evidence of what we talked about at the beginning of the show that the layoffs that we’re seeing.

We saw those layoffs in 2020. It was scary. Well, we’re, we’re at that this year. It’s just people don’t realize that. And then next year it’s going to be a little bit worse. I mean, what, what is the best way? Let’s. Okay, because it’s too scary. Let’s, let’s. What is the best way to protect ourselves? I know gold and silver is doing amazing. I want to talk a little bit about silver and why this is such an important thing to do just to protect us in this very uncertain time that’s coming, coming forward. I can tell you that the US Government just classified it a critical mineral.

The European Union did it in 2023. China just followed suit and said, we’re going to massively restrict exports. They’re one of the largest exporters in the world. They said every ounce that comes out of China now will have to be permitted in Beijing. It’s a race, I think, to accumulate real assets. And at the same time, we are seeing such massive, massive, massive quantities of silver coming into the COMEX market that I don’t think people quite really get just how big it is. We’ve seen. Let me see if I can tell you how much, let me see here.

How much. So it pop up here. The amount of silver that was, by the way, it’s up 96% this year. I’m talking about AI. The S&P 500 is up 16%. And that’s in the face of the greatest tech boom ever. Right in the, the AI boom. So it’s gone up almost six times this year. The, the gain in the S and P, it’s just beginning. But you look at the amount of silver that’s come into the comex, it’s literally mind numbing and it’s non stop. Yeah, but every supply, do they have the supply? That’s what I’m.

Yes. COMEX has more than the LBMA in November deliveries ended the month at 19.68 million ounces. And that’s amazing considering November isn’t a scheduled delivery month. They also delivered 1.267 million ounces of gold. It’s not a delivery month for gold either. In November you can take it, but it’s not a scheduled delivery month. I mean, so 1.3 million ounces of gold at $4200 each. Do the math. And almost 20 million ounces of silver at roughly 50 bucks a piece. And it’s higher in that, you know, a billion dollars, whatever. But so far in the first three days, I didn’t see yesterday, but in the first three days of the December contract, day one, 7,330 contracts stood for delivery.

That’s 36.65 million ounces worth more than 2 billion. That’s day one on the December contract. So ask yourself who the, who the F is taking possession of this every single month? April was the biggest we’ve seen so far. It has to be 11 governments, right? Yeah. Well, I don’t know. Is it, is it the US Is it the Treasury? Is it a corporate? Big American fan, you know, not American, big family trusts, who knows? Say the numbers. 11,692 contracts in April. That’s, you know, you’re talking almost three and a half billion worth of silver. Day two deliveries, they had 2.397 million ounces of gold and 41,525 million ounces of silver.

I mean multiply this out, you’re seeing billions. This is just the first couple of days of the December contract, Monday and Tuesday and I didn’t see yesterday but you know, they just, it keeps getting more because every time I talk to you for the last four years now, it’s like, oh my God, this is the most they’ve ever taken in a decade. And like every month it becomes more than the month before. Well, and that all you need to know is this, the people at this level don’t do things just for the hell of it. Right.

These people who have that kind of money have the information that we’d all love to have. They’re. And you know, I think it’s central banks too. Well, but think about that. It is. And how many times since 2020 have I talked with you about central banks buying? What has gold done since 2020? What has silver done since 20? That’s interesting. Oh that’s right. It’s gone way the hell up. And so do you think the central banks did it just for the hell of it or do they know what is coming? They are the most well informed traders in the world and now you have these big traders here in New York that are doing it and they are the most well informed and the most well funded traders on the planet.

Every single month we are seeing this. And you know, and that’s why also when we are told the dollar is only down 9% this year, it’s down against the dollar index, it’s down 96% against silver and 66% against gold. In other words, we’re measuring it against the wrong measuring stick. And so yeah, I think that the big money sees what’s coming and that’s why you own gold and silver. It’s not to become wealthy, it’s to get out of the way of what’s coming. And the freight frame is coming so damn fast. And I’m telling people that you can’t, can’t.

We’re not going to be able to stop the freight train but maybe we can redirect the tracks into a way that’s pro human. And, and part of this is to protect ourselves too. People can go to sarah westall.com Miles Franklin, fill out that form. They can get, have access to the private price list and any questions they have and they can invest in somebody that you can trust, invest with someone you can trust. And I can stress that enough, too many people are getting screwed and they need to work with somebody they can trust. I just did an interview with Dale Whitaker yesterday on my website, I mean on my YouTube channel.

I know you’ve had a mom before and it was crazy. People should watch yours. Watch mine. It’s crazy when you talk about getting screwed. And he named every single One of the companies, it was a little eye opening and I said, I haven’t done that. I’m gonna have. Well, because I don’t like to name because we are at risk. I’m already at risk. I’ve been used. I didn’t name anyone. He did yet. Well, I get it. But again, attacked for doing the right thing. So screw them. All, right? That’s right. You do the right thing and you’re helping people.

At that point, you got nothing to worry about. You’ve done the right thing. And at the end of the day, that’s all that matters. You have to be good with yourself. And that’s why I’ve tackled this. And on all of the shows I’ve done, yours included, I’ve never once mentioned the names. Even though I talk with you about those names. Names privately, I’ve never mentioned them. He mentioned all of them, so that’ll be out in the next day or so. Well, and you know, some of the biggest names are promoting these companies and I just like, I, I know they don’t know.

They didn’t do their due diligence. That’s the part that I don’t like. But too many people are getting hurt where you have to start paying attention to this. And I know, it’s interesting though. He told me Dale said he sent emails to every single one of the people that the and crickets didn’t hear anything from Me. I’ve heard from a couple that said they aren’t as big. They’re not as big as some of these other. But they’re middle size and they, they just think that we’re. They just ignore it. I think they’re making too much money so they don’t want to look.

Then that makes them no better than the people that are screwing them. I know. Just saying, you know, in a court of law, if, if, you know, if, if, if your husband, Tutu or whatever, my wife, you knew that they were going to go and shoot up a mall or something. You just let it go by. You’re just as guilty as they are. But you know what I mean? You’re helping, you’re promoting. You’re worse almost in some way. Well, you’re not doing it, but you’re blindly promoting it and you’re helping them screw people. You’re an accomplice.

You are. So. Okay, well, good. Thank you, Andy. Thanks for being here. Sarah. You’re integrated. I will see you soon. Thanks for, for coming on a little bit earlier here with me today. And I hope you have a wonderful rest of your day and hope you had a great Thanksgiving. And I’ll see you back real soon, Sam.
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