Magic Computers Printing Untracked Money Highest Silver Demand in History w/ Andy Schectman

The article discusses two main topics: an IRA scam involving gold and silver, and a new anti-aging breakthrough. The scam involves IRA companies misleading people into buying overpriced gold and silver coins for their IRAs, leading to significant financial losses. On the other hand, Dr. John Lakey, a renowned beauty expert, has developed a simple, effective anti-aging solution that has gained popularity online, with users reporting significant improvements in their appearance. The article also mentions a weekly financial economic review discussing the silver squeeze and the suppression of silver prices.
The text discusses the risks of investing in certain types of coins, warning that some are being promoted as big money-makers but are actually causing financial harm. It also mentions the importance of trust in business, and how some companies are exploiting people’s trust for profit. The text also touches on the issue of money being created and distributed without oversight, which could lead to inflation and benefit those who receive it first.
The text discusses concerns about unchecked government policies and lack of transparency, leading to public unrest. It also mentions the need for prosecution of high-profile individuals involved in criminal activities to restore public faith in the system. The text also introduces Dr. Steven Gundry’s research on a caloric bypass for weight loss and improved health. Lastly, it highlights the need for vigilance against corruption in federal agencies and the importance of precious metals as a secure investment.
The current financial system is unstable and could collapse, with laws allowing brokers to re-sell securities beyond their actual value. This could lead to significant losses for investors if the lending institution goes bankrupt. Insiders, like CEOs and hedge funds, are showing signs of anticipating a financial downturn. Meanwhile, there’s a surge in demand for physical silver, with countries like China and India stockpiling it, which could disrupt the market and cause a price increase.
The global financial game involving exchanges, central banks, and bullion banks like JP Morgan and Citibank is risky and unsustainable. This game, which involves suppressing prices and manipulating markets, has led to companies like Bear Stearns going bankrupt. Now, more entities are standing for delivery, indicating a shift in the financial landscape. It’s crucial to own gold and silver as they represent wealth, especially as big money is moving away from equities and into commodities.

In terms of this IRA scam, it’s always the IRA companies. They’re talking about putting physical metal in your IRAs. And it’s the same thing every time. Quarter ounce gold coins, between 900 and 1200 over. Total value for each coin, well, that puts it at 4800 bucks an ounce. And the same thing is true with silver, between typically $60 an ounce or higher. We’ve been told our whole lives that wrinkle cream is the best way to look younger. But according to Dr. John Lakey, the world renowned Beverly Hills beauty expert, most wrinkle fixtures are nothing but glorified moisturizers.

They hardly make a dent on your appearance, and many of them are actually dangerous for you. Recently, Dr. Lakey has moved away from mainstream cosmetic practices and instead is pursuing a revolutionary breakthrough in anti aging, one that say it could really challenge the cosmetic industry and empty their wallets. You may even be mad at how easy it is and how you haven’t heard of this before. His personal clients have dubbed it the do it yourself age rewinder because it can take years, even decades, off your appearance. In light of this amazing breakthrough, Dr. Lakey has released a step by step video to the public that is uninterrupted, where he outlines how you too can use this simple solution at home.

He believes that if he can help even one person be more confident, he’d be absolutely thrilled knowing he’s helped someone. But his video has gone viral. At first it was shared on Facebook, but now it has over 2.3 million views because it’s just pretty amazing what he’s doing. So far, the comments have been outstanding, with women reporting that they look years younger. One viewer even commented, this is the best results they’ve ever seen and they will not stop using it. And they’ve tried all sorts of stuff. So if you are interested in trying it just like me, you can go to bhmd1.com Sarah or click on the link below in the description box.

That’s bhmd1.com Sarah welcome to Business Game Changers. I’m Sarah Westall. I have Andy Schectman coming back. We’re doing our financial economic review that we do every week. And today we’re going to be talking about these magic computers. Is this the printing that Cliff High is talking about? 100,000 times more printing that’s actually than what’s on the books. And what does that mean? And then we talk about the silver squeeze. They have seen more silver being purchased this month than ever in history. He’s seen. And what does that mean? J.P. morgan has been suppressing the price and how long, I mean how long can you have the demand be over the moon and the prices still suppress? So we’re going to talk about that and we’re going to talk about other things.

But we also get into the fact that, because I’ve been talking about how that there’s this big fraud going on with people’s IRAs and gold and silver and that I’ve seen an influx of quite a bit of people coming in whose life savings has been, a lot of it has been lost. It’s very sad. And we have this process set up to help people. People can go to sarahwestall.com Miles Franklin fill out form if that’s you and I hand give it to Andy and then they work on working with you to help you get your life savings back.

And it’s a process that is working. So again, sarahwestall.com Miles Franklin if you’re just interested in getting gold and silver and you haven’t been always, be thankful you haven’t been always and you’re looking for a trusted company, you can also fill out that form. You’ll get access to a private price list and you will be taken care of. It’s somebody that you can trust. You will not be defrauded. You will be preserving your wealth in a time of uncertainty. And I highly recommend it. Okay, let’s get into our weekly overview on the financial reset and economy.

Hi Andy, welcome back to the program. Sarah, great to see you again. How are you? I’m, you know, I’m good, but I’m actually floored by how many people are submitting that form and telling us that their life savings have been destroyed. Yeah. And I gotta tell you, I, I knew that was happening in the industry, but the amount it’s happening was kind of jaw dropping to me. So, you know, I, I did an interview and I can say this now because it was said publicly with Mike Adams the other night. Mike was offered $100,000 a month by one of these countries to promote them.

And this is exactly how they are. They are paying people by swindling folks. And it’s to a level that you can’t even imagine. You’re beginning to understand it now just by talking about a little bit. I don’t know how many of your people have written in 15, 20 or more. I did a presentation in Ottawa last week and had people coming up to me in tears after I brought it up with their statements on Their iPhone. Because every single one of the handful of companies that do this all do the same. They have the same MO and it’s worth repeating.

I’ll be going back on Kyle Seraphin’s channel pretty soon. He’s an FBI whistleblower. I did a show with him about this because his father’s best friend was swindled and introduced me to Kyle, who’s a remarkable guy. This is something that, you know, it needs to be stopped. People’s lives are being destroyed. And I can’t understate just how sincere I am about that. You’re talking people spending, you know, half a million dollars and their accounts worth 200. That’s not what you want to hear. Like, for example, you know, gold has gone up in, in, in from 2500 to 3000.

That, that move, it went up in 213 days. That’s the fastest 500 price jump in history ever. You look at people whose statements are a year old after a $500 increase in the price of gold, and they’re still way down on their quarter ounce gold purchases. And for whatever reason, every one of these companies promote quarter ounce gold coins that I’ve never heard of. And that’s one of the hallmarks of it, is they promote things, they give you delusions of grandeur. It’s physical, right? It’s physical gold, but it’s held in a depository because they’re irascible. Because, because people are coming back to me and saying it’s all ETFs and paper.

And that’s why you stay away from paper. I’m like, no, you need to understand this is physical. That people are taking. Yeah, yeah, it is. It’s physical. And, And I agree, ETFs and paper are bad. We’ve witnessed what, what’s happening in PSLV right now. That’s bad too. Should talk about. But, but in terms of the, this IRA scam, it’s always the IRA companies, they’re talking about putting physical metal in your IRAs. And it’s the same thing every time. Quarter ounce gold coins, between 900 and 1200 over total value for each coin. What that puts it at 4800 bucks an ounce.

And the same thing is true with silver. Between typically $60 an ounce or higher. And typically they’re fractional coins. One and a quarter, one and a half, three quarters. You know, they’re coins that are odd weight, you can’t find anywhere. But they’re made by mints that I know, the Canadian Mint or the Australian Mint. But they’re weird oddball quarter ounce coins that they sell it massive because you can’t shop it. And the Royal Canadian. Okay, so these mints are creating it for these people but are they getting special buys or what’s going on? The Royal Canadian Mint will allow you to buy odd weight coins if you provide the silver and buy huge amounts.

I’ve done that before with the RCM on 2 ounce silver coins of Canadian Rockies that we have exclusive to and I sell them at you know, fair bullion prices but they’ll do the same thing and they won’t do a coin that they, that they mass produce like the Maple Leaf like I, I, I have three min, three depositories in Canada. I, I am very good friends with one of the two Royal Canadian Mint distributors in Canada. I’ve been to the RCM a dozen times. I’ve watched gold be made and poured in the whole nine yards and someone offered me or said that they had they bought half ounce Canadian buffaloes.

Well I have never seen a half ounce Canadian buffalo in my career. Didn’t even know they existed. So what the RCM does is allows you to make coins that would have some reference to wildlife or topography in Canada that no one else has. You control it, you have the only access to it. They’re your coins that you know they’re made for you by the rcm. Well if you’re going to do that fine. But don’t try and say that they’re limited edit edition and have super high profit potential because in the hands of just about every dealer in America they’re just bullion and, and, and melt value because no one buys them.

There are about six primary distributors in the United States that or five that are market makers and they only will make markets in the widely traded stuff, the stuff made by the Canadian mint. But the Maple Leafs period, both gold, silver, platinum and they used to do palladium or the American US Mint Silver Eagles. Silver 5 ounce Silver America the beautiful coins or the 1 ounce all of the Gold Eagles, all sizes and the 1 ounce Gold Buffalo they make markets in that. The Krugeran from South Africa, the Kangaroo from Australia, the Philharmonic. These are their, the, the, the, the bellwether coins that these, that these mints make.

They’ll make markets in that and you will always be provided tremendous liquidity anywhere with those. But when you get into these oddball coins that are being touted as huge money makers, they’re, they’re destroying people’s life. Sarah that, that again if gold’s up 500 bucks in that short a period of time in, in 213 days. And you see people that have bought a year and a half ago and are still down. What does that tell you? Yeah, they’re screwing these people. Premiums are destroying people’s lives. That’s what we’re seeing. Their people are getting totally hosed. And if that’s you.

Sarahwestall.com Miles Franklin and fill out that form. You can fill out the form if you’re interested in gold anyways and silver and you’ll get a special price list and things. But, but this where I’m hand giving it to you. If I see one where a person’s life savings or they’re, they’re worried about fraud, I flag that and I send it directly to you. And then you make sure it’s getting taken care of. And we are helping people because, you know, and I’ve had people reach out to me and say same thing that Mike Adams said. They said they were getting like weird, too good to be true.

Offers to say I could probably make five times more working with a different company than you. But, and this is what other people have been saying too, and they say, well, God, I was worried about that. I feel like I’m going to be hosing people over because it makes no sense that they can pay me those kind of premiums or those kind of commissions. And so I, you know, I’m like, I’d rather be with somebody I can trust. So. Sarah Westall.com Miles Franklin fill out that form and if you’re in that situation, fill out it if you want gold and silver anyways, but fill it out if you’re in that situation.

And we’ll keep telling, sharing this with people because it’s important. I was really surprised you sent me that Washington Post article and about a company. I published it on Substack. We don’t have to say the name of the company. It’s a very famous one. And there are very, very famous people, more famous than me, lot more popular who are selling this stuff. I don’t think they know, you know, you’re tuned in and if you didn’t hear from a guy like me, you would have never known. I mean I, I said you this stuff and you know, not to defend our relationship.

I think you’re awesome. I’ve told you that forever. And I also told you, you know, you’re, you’re a businesswoman. You deserve to, to monetize your efforts. You do this for all of us and, and and provide information that is so hard for the average person to find. And you spend all day finding guests and working yourself. You deserve it. But I also said, here’s the reality of it. This is an industry where if you don’t do copious volume, you know, you don’t survive. That’s why there’s only a handful of big companies. But there’s also a bunch of companies that do this, that prey on people.

And their MO is also that when you push back against them the right way, they, they give up the ghost and pay you what they should have, including the appreciation. Why? Because they basically say, look, the 2 or 3% that make them right, they sign a piece of paperwork saying they’re not going to file anything negative and move on because the other 98 out of 100 won’t say a word. It’s awful. It truly is. But this is what you have to do. Because if they get to get money back for these people, you have to do it this way.

Because otherwise once they get taken down, everybody’s screwed. Being totally honest, that’s what’s really going to happen. Okay, well. And I think you can’t, you can’t talk about it enough. And we have had great track record helping people make themselves whole, not only, but then transitioning them, if they like into you know, American Eagles or, or Canadian maple leafs or 1 ounce gold bars, whatever it is something that’s vanilla and easily. Well, I got to tell you, just like Mike Adams and just like my friend who reached out to me and if somebody was offering me astronomical money to sell this, I would, being a business person, I would question what the heck, because I always think about what their sound.

I always think about profits and margins. As a business person. You know, when you run a company, you, it becomes so ingrained in you that you think that way because you have to to survive. Right? And so I always do every single affiliate, every single thing and I would have been able to flush it out. That’s what Mike said. And this was just the other day. So it’s out there. And he said, look, I said no way. Because, you know, I understand you offer that kind of money that’s coming at the expense of, of the people I’m that are trusting me with the information.

That’s right. So he’s a bit, I mean he’s a business guy. He has to run his thing and, and, and business isn’t easy. I mean you got to make sure that you’re, if you’re doing a good service, that’s reasonable for people. You always have to be tracking what is business. I mean, business is reputation. If you have a restaurant that has, you know, a reputation of being filthy and bugs everywhere and, you know, rodents running around, well, you’re going to go out of business. And if you’re in the business of, of, you know, getting trust from people like you and Mike are, then the last thing that you would ever want to do is do something shortsighted like that.

But that’s everywhere. But I would say most people, most of these Hollywood type that are promoting them have no idea. They don’t have someone like me chirping in their ear that here’s the reality of what is being happening to people. Instead they’re making big paychecks, probably buying gold at the cost of these, whatever cost is for these folks and, and thinking they’re doing a great thing. But in reality they’re, they’re being destroyed. At the same time, they need to wake up because it’s going to hurt. This, this is going to come back and bite people. I know it is because it’s a, it’s a, this is a canary in the coal mine.

Not only that, there is one IRA custodian associated with, predominantly with these companies. And as far as I’m concerned, they’re going to get a class action lawsuit. This, this one IRA custodian, which is not hard to figure out who it is, promotes them on their website. They’re not supposed to promote anyone and they promote them as preferred vendors. And I got into it with them, I said, look, you know, I got people that want to send a lot of business here and you’re promoting these folks. And I’m like, that’s not right. And I give new direction a lot of business.

You guys are missing out on my business as a result of this. I don’t want to send it to you. You’re promoting all of these companies as preferred vendors. And these preferred vendors, the majority of them are the ones that are destroying people’s lives. So that’s about as transparent as I can be without naming names. That’s right. And that’s right. Well, let’s move on to something that’s been in the news that’s really weird and I want to get your opinion on it and what you think it is. And these are these 12 magic computers. Remember last time we talked about, you know, cliff High, talking about how they’re printing money maybe at like a thousand time, hundred, maybe, maybe a thousand times more than what’s on the books.

Do you think these 12 magic computers are part of that? Yeah, I do. I mean, this is. This is right here. The concept of the Cantillon Effect, which describes how the introduction of new money into the economy benefits those who receive it first. All this money is being handed out without any inclination that it’s creating massive inflation because it’s printing money out of thin air. In essence, that isn’t being counted in the official numbers of the. The. Either the monetary or the fiscal numbers that the treasury is spending or that the Federal Reserve is creating. And, you know, seeing it come out of the treasury and the Defense Department and others, the claim is that they can create and distribute money out of thin air without any oversight.

So not only will that massively benefit those who get it before inflationary effects take effect, depending upon if Cliff is right, how much money they’ve spit out, it certainly underscores the concerns related to the unchecked monetary policy and government transparency and fiscal responsibility that you now have half of the country freaking the hell out about. And it should be the other way around. Why would they be, you know, why would they be so up in arms about this if they’re not involved? And it’s. That’s right. That’s mechanism. And then you have to be right. Because. Yeah, because.

Why would you fight this? Why would you fight. Yeah, it’s the same stupidity as telling everyone that they’re bad people if they don’t buy electric cars and then going and destroying all of the Tesla vehicles and defacing them. And I mean, it’s just stupidity. The whole thing is stupidity. And it’s right out in the open. And, you know, Pam Bondi, to her credit, came out and said that people who have committed fraud in this manner will. We’re coming after you. And I hope they do. It’s about. I hope it’s not just rhetoric. They need to with.

Yes. Yeah, they have to because no one believes they will. They have to. And hopefully they have to. It’s kind of like the Epstein. I got to. I’m going to interrupt you for a second. It’s like the Epstein files. I’m telling you what is going. It’s not hard to find people who are criminals in that network. Why is it taking so long to prosecute? In fact, if they don’t start prosecuting, it starts to make them look like they’re guilty. Well, they. She talked about it recently. Today. I saw that they found a whole bunch more victims and that they’re just getting things in order.

So if we take her at Face Value. I hope she’s doing it. Yeah, let’s hope, let’s hope they are. But you’re right. The only way that this ever stops is, is if, if you get people that are prosecuted and it’ll be some big name people that I think certainly rattles some bushes. And if you’re having, if you are screwing around with our kids, you need to be prosecuted. And somebody who’s 15, and they might not be my kid personally, but I take that personally. You’re screwing around with a 15 year old, you need to be prosecuted.

Right. Well, it’s, that’s, I mean, and there’s a lot of things that they’ve done, maybe nothing quite as bad as that, but a lot of things that have been going on where prosecution is, you know, if it were one of us, we’d never see the light of day again. So. That’s right. They have to do something about it once and for all. And let’s hope that this is, this is legit and that they will actually do it. It turns out that losing weight and keeping it off is not about carbs or fat or even probiot rich foods.

Now the end game of having a healthy weight as well as more energy and a long healthy life comes down to a specific switch you can flip in your body and flush out extra calories. Wouldn’t that be nice? Dr. Steven Gundry is calling this a caloric bypass. And by activating this specific process in your body, thousands, literally thousands of people have dramatically improved their health even after the age of 50. This includes losing weight, getting tons more energy and returning to the good health they had in their youth. Once they simply address this one key to better health.

Not only that, this is actually associated with better digestion, strong feeling, joints and muscles, smoother skin and healthier lives. Meaning it could be the key to a happier life. Dr. Stephen Gundry has lost 70 pounds himself using this research and has kept his weight off for over 20 years and counting. His digestion issues are gone, his health is fantastic and he feels younger and healthier today than he did in his 40s. His video has been watched by over 20 million people and you can watch it too by going to thehealthyfat.com Sarah or by using the link below.

The video will teach you exactly how he’s kept his weight off for free. Again, it’s thehealthyfat.com Sarah or by using the link below. There was a Minnesota state senator that just recently went down and he was actually a Republican I believe. And they Got him. He was trying to solicit prostitution on a 15 year old. And they’re saying, you mess with our kids and you’re going down. I don’t care who you are. And that’s the kind of language that we need and we need it across the board. No, I couldn’t agree with you more. And let’s just hope that this administration is, is, is serious about doing that.

It’s about time, you know, it truly is. And that’s, that’s where you will see confidence in the system be, you know, be brought back. And maybe those are the kind of things that actually open up the left’s eyes to just how, how bad they’ve been. That’s right. And the fact that they’re being protected by the left and, and to such a degree only makes them look much worse in the end when the truth comes out. Well, I just had a CIA whistleblower on John. Koko Kuroki. Kuroko Kira Kiroku. How do you pronounce it? Easy for you to say Ku.

And he’s awesome. John K. I had John K. On my show. I, I’m sorry, John. I read it all the time and I love the guy, I talk to him, but he just came on the program and he was talking about how the CIA is behind all the USAID aid stuff. And he just took our, our interview, did a little reel and put it on X. And now it’s getting hundreds and hundreds of thousands of views. I’ll watch it and yeah, watch it. Just a little clip saying how the CIA is behind USAID and that these, these Democrats and some Republicans.

People need to wake up and realize this is happening. It’s not this altruistic charity organization that people think it is. And it’s not just that federal agency. It’s a lot of different federal agencies. Yeah, well, and, and that’s the whole point. And, and now you have a judge that’s trying to reins, you know, put it to, to reinstall the usa. You just wonder how deep the corruption goes. But you know, I, I, they were talking about some of it last night. Some of the stuff that they’ve, they’ve undercovered and it’s just crazy the amount of money that they’re spending for, for things that are just, you know, like one of them was to something like, you know, they, they gave $600 million for research on the effects of pregnancy on, on transgender men.

The, they gave money, hundreds of millions of dollars to promote diversity in the, the pest removal industry. You know, like, you should have more women and minority people killing rodents and. And bugs. I mean, the amount of money that’s so stupidly dished out is just unbelievable. Well, you know what he said, though? I don’t mean to interrupt you, but he said. I asked him too, like, transgender comic books in Africa and stuff. He said that those are bogus projects. Those are actually black budget projects for probably the CIA or the intelligence agencies, and they’re using that as a cover, and they’ve gotten so arrogant and they get away with it for so long that they can just come up with these flip.

Flippant names. Well, that would make sense because, you know, the things that they’re spending it on, any rational person would. Would laugh at. Is that a joke? Even them. Even the left would not do that. That’s the point. Well, we would like to hope maybe they’re that crazy. I don’t know, but you know what I mean. Well, that. That’s the kind of stuff that needs to be flushed out. And, you know, let’s hope. You know, I’ve done a couple interviews with Cash Patel, and I’m telling you, the dude is legit. I mean, at least in terms of.

He looks right through your soul, and he’s one of the smartest people I’ve ever spoken to in my life. So I. I’m hopeful that these are the things that are. Are, you know, rooted out because we have. You and I both have children. You want them to grow up in a world of opportunity, not one that has been squandered away at. At, you know, the irresponsibility of. Of the people running this country. So let’s hope. Right? Let’s keep our fingers crossed. And you’re right. It does have to happen sooner than later. People are starting to get restless waiting for something to come out and something substantive.

You know, throw one of these people like, you know, Nancy Pelosi or Paul Pelosi in jail for. That’s right. You know, are we just supposed to believe that Paul Pelosi is the greatest investor of all time? He’s the greatest at picking stocks. Yeah. He’s like. He’s amazing. Right? Exactly. So, yeah, I mean, crazy times, for sure. No question, Sarah. And this is why know on a broader scale, that one of the reasons that I think precious metals make sense, there are very few things that give you the ability to break free from this craziness. This whole entire house of cards that’s tied to the system can very easily go down.

You know, people think they’re safe in their stock account. Like Paul Pelosi. I was reading something the other day. It’s SEC Rule 15C3. 3. In the United States, the securities Exchange Commission regulates rehypothecation through Rule 15c3.3 which limits the amount of a client’s securities that a broker dealer can rehypothecate sell again to 140% of the client’s debit balance. So they can take all of your securities and add another 40% that come out of nowhere and lend it out to be shorted. And if the company that they lent it out to or the institution goes bankrupt at the, the institution who lent it out has primary custody of it.

You are subordinate. That’s the whole concept of the great Taking by a David Rogers Webb. People need to understand that this whole system is broken. And that’s just part and parcel of it. The, the wanton disregard for, for the law and for any fiscal sanity and monetary sanity that is now being rooted out. These are the kind of byproducts of that. Is that why they made these laws, these laws that David Rogers Webb talks about? The change in universal commercial code and what can happen? Bank bail ins, all of these things. It’s time for people to not only be aware, but be aware of what could happen when this whole house of cards breaks.

And when you see the lowest exposure to the MAG7 in 24 months by the hedge funds. When you see the insiders bailing at a 7 to 1 clip versus buying, selling versus buying and the insiders being the, you know, the, the, you know, the C suite people, the CEOs and, and whatnot. When you see Warren Buffett with more short term treasuries in the US Federal Reserve has and 400 plus billion in cash, People should be awakened to the fact that the insiders feel something’s coming. And when you see this type of rehypothecation, this type of fraud and waste, the whole system is, is hanging on by a thread.

You don’t want to be in the system when the whole thing starts to crumble. And how close are we to it? I don’t know. It feels like we’ve never been so close. I guess we’ll see. But. Well, we know the reset’s happening. We know they’re doing it. We know they’re moving, they’re trying to move to a reset that’s not going to destabilize us, but we just don’t know. Right? I mean that’s what they’re, they’re trying to go with a soft landing 100, you know, so we’ll see. But we, that’s a lot of trust to put into them when we know that’s what’s happening.

But before we end this, I want to talk about silver because JP Morgan looks like, you know, they’ve been actively suppressing the price of silver for a long time and I’m hearing chatter that that’s about to lift, that they can’t, they can’t do it any longer. What are you learning about the silver? Well, we’ve seen, you know, just the month of March we’ll witness over 80 million ounces of silver delivered to COMEX. It’s the biggest monthly to my knowledge, ever, ever. You’re right. And we’ve seen in, in just over three months about 140 million ounces come to COMEX, which is about 40 plus percent of the London float, the amount of available silver.

Things are getting very, very tight. And, and that’s, there’s a lot of talk right now about what’s going on with pslv, which is the Sprott ETF that, myself included, I know Eric and, and Eric is no longer really, he’s kind of out of the loop and it is a publicly traded company. He’s kind of sidestepped and retired. But everyone said buy PSLV and Phys, which are the, the closed end fund trusts for the Sprott Gold and Silver Trust, which is far better than PS, I mean than SLV and GLD, which are horrible ETFs that are owned or custodied rather by JP Morgan and BlackRock.

Now Blackrock has their fingers inside of PSLV to some degree as well. But the whole thing that’s been going on with, with what’s happening with PSLV is, you know, I remember an interview with my friend Rick Rule not too long ago where he talked about when silver took off and I don’t remember what the time frame was, maybe heading into 2011 and there was such demand for silver that they, they went to buy it and couldn’t find any. It might have been 08, I’m not sure. But anyways, and they had to buy from everywhere, from London, from, you know, from Switzerland, from, from Comex, from China, anywhere they could get it.

When there’s all sorts of demand going into PSLV or into slv, in theory, the custodian has to go and buy physical silver to match the other side of it. And that’s the whole concept of it. And, and so what we saw here yesterday as there’s just this huge demand for physical silver. Yesterday morning we saw 1,314,107 shares traded in 1 minute for PSLV dumped onto the market. And so what happens is, and think of what I was just saying about rehypothecation. You have the insiders, which would be some of these big banks who are wickedly short the price of silver probably to, to continue to, to accumulate the physical at cheap prices and bring it home.

But they are wickedly short and they know that if you are short naked because you can’t go out and find the bars because you’re using paper to drive down the price, but it’s really hard to find the bars right now. The last thing they want is the price to go much higher. It it you’ll have the people on the other end who take the long side of that contract go long and stand for deli or they are long and they’ll stand for delivery. And so what we see happening instead of these, these banks actually physically shorting more physical silver, which is an existential threat because the other end, when you short something, someone else takes the other side, they go long, they can stand for delivery.

That’s what we’ve seen happen lately on Comex and all of the world’s exchanges. The danger of being short if you have nothing standing behind it, a covered short would be you have the silver here and you short the paper here. You’re hedged a naked or it is you short it because you expect the price to go down. And if you get called for delivery you have to go to the market and buy it. You don’t have it. Well, if the price skyrockets for whatever reason, you can lose unlimited. So when there is more demand going into PSLV and there’s all the talk of silver squeeze and all this stuff again and the price starts or the demand goes up on PSLV and they have to go into the open market and buy silver.

So what we saw was a huge shorting of PSLV to overwhelm that recent new demand for PSLV enough to where the custodian Sprott does not need to go into the open market to buy more silver. They’re shorting the ETF because they’re afraid of its potential to go into the market and buy thousand ounce bars which can really mess up these naked short positions. It screams of desperation. Well, but how long can they keep this going? I mean how long can the demand be over the charts, over the moon essentially that they’ve never seen in the history of the Comex and still keep the prices from not that long.

Because you have central banks around the globe who are wise to this and that’s the bottom line. You have China, who is the second largest producer of silver in the world, the second. And they’re flying all around Central and South America, largely Peru, which is the third largest producer. And they’re buying everything that’s not nailed down. And in particular Doray and concentrate Doray bars are crudely refined by the, by the miners before they send them in for, for purification. And concentrate is a byproduct of all of this. It’s like a sludge. Well, they’re, they’re going directly to the miners and they say we’ll pay you double what anyone else will.

We’re going to send it back to China and refine it ourselves. Well, this disintermediates the marketplace. So no one knows how much they bought it doesn’t affect the price. They refine it themselves. But they’re the second largest producers in the world. Why are they going and buying all of the silver Dora and concentrate off the marketplace, which is very opaque. No one has any idea why. And now 75% of all their industrial applications are using Dore silver that they themselves have refined. Things are getting very interesting because these countries like China, like Russia, who said we’re now adding it to our strategic stockpile.

India, who’s imported over 800 million ounces in the last four and a half years, which is more than the LBMA and COMEX have combined. These countries understand it and the way they do it is slowly and they’ve been doing it in a methodical fashion, in a grown up fashion. You know, people say why not just dump all the money and just gobble everything up? Because the exchanges would shut down. Not the lbma, which is not an exchange, it’s the over the counter peer to peer. But the COMEX would shut down right away and cash settle and save themselves.

So instead they’ve been doing it very slowly and draining the exchanges globally. Well, these countries understand what we’re doing and that’s why this is a very dangerous game, Very dangerous and can’t last forever. I mean you can’t last forever. You can’t have this kind of demand and suppress the prices forever. It can only suppress prices forever by pushing in the direction it’s going. You can suppress it in the, in that direction to try and hold it back. When you have sovereign wealth funds and central banks that can rival the Federal Reserve and the and the bullion banks like JP Morgan and Citibank and whatnot.

This is a game that will put companies out of business just like that. That is one of the primary reasons that Bear Stearns went bankrupt. They had the world’s largest silver shore position on Comex and Silver went from 9 to 21 and put him out of business. And Bart Chilton talks about this event and then he died the next few days after. After he committed that. Do you think that’s why he was. Was he. There’s a lot of people who would surmise that he went on two shows. He went on Andrew McGuire show and then on Chris Marcus’s show.

And in both cases he told the story how J.P. morgan inherited bear Stern shore position. Was told that they had to, you know, he, look, he said, Jamie said well we’ll take it but our, we have our short. Our positions will be in violation of position limit law. And, and they gave him a period of time to clean it up. And at the end of the time, Bart Chilton who was the head of the cftc, in essence the commodity police, he goes into his appearance which would have been Hank Paulson and Ben Bernanke. Hank Paulson, the Treasury Secretary at that time would have been his superior and says they’re not only have they not shortened their position as they agreed to, they’ve increased it.

They’re in violation of our agreement and antitrust law. They need to be prosecuted. And he said he was told back down Bart. It’s a political decision. And he was killed or died. I should say he magically died. Yeah, I don’t. I’ve been around long enough now and so have you that when people, I’ve had so many people around me get killed and it’s not. This is not an industry that is safe. I’m just saying. But whenever I see that kind of stuff I it be it’s just kind of obvious. Well I mean that it’s a hell of a coincidence like the, the Clinton sheet and you know, so.

But anyways he admitted it. So the point of it is, is that manipulation has been going on for a long time but no one’s ever stood for delivery and now they all are. Not just, not just what we’re seeing with the brics nations who have been exploiting this have been screaming about it for four years. But now we see big money interests in the United States doing the same thing. Look, it’s never been more important to own gold and silver, not to get wealthy, but because it is wealth and things are unraveling. They’re unraveling to a degree that the biggest money in the world is on the sidelines in equities, in short term treasuries and cash and buying commodities and repatriating them, taking possession of them.

These are trends that you don’t see happening at the biggest level if not for something very important. And you know, the lack of communication by the mainstream media keeps everyone, even those that are well read, in the dark because they’re reading and listening to the wrong things. That’s right. That’s right. Anyways, no, it’s an honor. Thank you, Annie. Thank you for coming again. And until next week. So next week I’m going to be in Europe visiting my daughter. I’ll try to jump on with you, maybe by phone if I could, and if not, I’ll, I’ll do a live stream with you.

I, let’s just keep it on, I mean, a podcast. Let’s keep it on the schedule for now and I will try my best to be there, but I will stay in touch with you and let you know if logistical problems arise. And we’ll just have to pick up the, you know, shortly thereafter. Okay, sounds good. We’ll see you next time on our financial overview that we do. We’re going to keep doing this and I promise you, I promise you there will be some people who, who will, I think, hopefully benefit from this, whether it be with their IRAs or just opening their eyes to what’s happening.

And I appreciate the opportunity to be here and, and to talk with you about it. And you know, that, that, that goes without saying. So thanks for having me. And until next time, we’ll see you sa.
[tr:tra].