Moodys Downgrade Bond Market Collapse City of London QFS? w/ Andy Schectman

➡ The article discusses various financial topics, including the high yields of the 10-year treasury, the Federal Reserve buying bonds, and a coffee company offering a longevity blend that may increase lifespan. It also mentions Moody’s downgrading U.S. treasuries, China no longer being the top holder of U.S. debt, and the increase in gold coming back into the country. The article ends with a discussion on the potential for a financial reset and the importance of protecting personal assets, particularly through investing in gold and silver.
➡ The article discusses the growing concern over the increasing debt and interest burdens in the United States, which have been rising for over a decade. It highlights that by 2031, all tax revenue will be used to pay just the interest on the debt and mandatory entitlements. The article also mentions the trend of countries like China selling U.S. Treasuries and buying tangible assets instead. Lastly, it discusses the possibility of a global economic reset, where economies would be based on assets and commodities, aiming to lift the world out of poverty and focus resources on charitable works.
➡ The article discusses the challenges of the U.S. returning to a manufacturing-based economy, highlighting the impact of being the world’s reserve currency and the Triffin’s Dilemma. It also mentions the Federal Reserve’s recent bond purchases and the potential for a bond market meltdown. The article raises concerns about the move towards a digital economy, including the potential for increased surveillance and control. Finally, it mentions an upcoming webinar on protecting assets in a financial reset and questions the implications of tracking all assets and commodities on blockchain.
➡ The text discusses the impact of technology, particularly quantum computing and artificial intelligence, on our lives and economy. It highlights the potential for misuse, such as loss of privacy and potential for abuse with digital money systems. The text also emphasizes the need for balance in using technology and the importance of understanding and setting boundaries for its use. It concludes by suggesting that backing everything with commodities and assets could be a solution to some of the risks associated with technocracy.
➡ The article discusses the potential shift of the global financial system, with countries moving away from the dollar and towards the BRICS nations (Brazil, Russia, India, China, South Africa) and their new settlement currency, the unit. This shift is driven by the desire for a more transparent, commodity-based system, supported by blockchain technology. The article suggests that the U.S. may join BRICS to avoid a financial crisis as countries dump dollars and treasuries. However, this transition could lead to economic hardships like unemployment and higher costs, but it’s seen as a necessary step to bring manufacturing back to the U.S. and protect national interests.
➡ The text discusses the complex dynamics of international politics, using the analogy of a man with two girlfriends to explain how countries may flatter leaders like President Trump while pursuing their own interests. It suggests that while some countries may appear to be in Trump’s favor, they could be developing their own strategies behind the scenes. The text also touches on the potential dangers of flattery, suggesting it could be a double-edged sword that might backfire. Lastly, it discusses the importance of being cautious with investments, highlighting cases where people have been scammed and the need to fight back.
➡ The speaker warns about fraudulent practices in the gold coin industry, where some companies sell obscure coins at high markups, claiming they’re collectible or investment-worthy. These coins often end up being melted down due to lack of demand. The speaker criticizes these companies for their lack of transparency and high markups, which can reach up to 173%, compared to the industry standard of 2-3%. The speaker encourages consumers to compare prices and promises to offer better deals than other major companies.

Sam SA why at 4% yields which are higher than most of the world, can we not attract buyers of our 10 year treasury which is the the cornerstone of everything, which just about everything financial in the financial universe is based off of credit cards and mortgages and home equity. The Fed has to come in and buy $44 billion worth of bonds quietly not talking about it. It’s not. Why is that? Why? Why? A quick break from the program to share with you. 7075 Coffee. They are giving away starter kits at reduced prices. You can get three bags of coffee and a bunch of goodies for $99.

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No matter what kind of coffee you drink, you can choose between whole bean, ground or pods. Support a company that supports your values. They support freedom, they support anti censorship and they support the first Amendment. I support them because they support me. Go to 1775 Coffee.com Sarah and reserve your kit. Give it a try. Drink longevity blend and reduce your aging every time you drink coffee. Welcome to business Game changers. I’m Sarah Westall. I have Andy Schectman coming back. We’re going to be talking about the fact that Moody’s downgraded the U.S. treasuries. That’s a big deal.

We’re also going to be talking about the fact that that China is no longer the the top holder of our debt. They’re the third one. The top holder of our debt is the UK and you need to think about that because the UK has a city of London, we have Wall Street. What is going on there? That’s kind of the central hub of the world financial system between the two of them and that I think that’s an indication of, you know, something going on as well. And then we talk about how last month was the highest month ever of gold coming back into the country.

That, and each month gets more. But then we dive into a more complicated subject of what the reset really is and, and how that ties into every single asset on earth being tracked and how it is a double edged sword of something that could be amazing where everybody’s debt, every country’s debt is paid off or it could be an enslavement tool. And it’s like that with anything, right? A gun can be something that can keep you protected or it could be something really bad that can cause war and destruction. It’s like that with almost everything can be used as a war, a weapon or a war to enslave or a resource to, you know, to lift you up.

And we will see. You know it. We have to be diligent and pay attention to what’s going on. And part of that diligence is protecting yourself. And we are continuing the series. We stay to the end and we don’t talk about it until the end this time. But about IRAs, people being scammed, I really implore you, if you have a gold IRA and you are concerned about what the value is, go look at it. Make sure there’s about 10 companies now that we know that are out there really hosing people over, really taking advantage of people and they’ve been selling through very popular, well known influencers and celebrities and it’s very mainstream actually a lot of these companies that are significantly taking advantage of people.

So I implore you to, unless you’ve went through Miles Franklin or another company that you know is solid, I would implore you to go look at your ira. If you are underwater on your ira, I want you to contact Miles Frank, contact us. Go to Sarah Wessel.com Miles Franklin they can get your money back and we have been saving many people their life savings and I, it’s, it’s incredible. And you will love me, you will love us. At the end of the day if you save, if you lost a couple hundred thousand of your life savings, we can get that back for you.

So please go to Sarah Wessel.com Miles Franklin and fill out that form and don’t be ashamed if you’re in that situation. So many people are afraid to come forward because they’re ashamed they’ve been duped. So what, so what if you’ve been duped? Nobody really has to know. We’ll just help you get your life savings back. Okay? And also know that you’re working if you want to protect your assets. I just highly recommend you get at least some silver. If you don’t have that much funds. Silver is probably the best opportunity ever. Gold if you, if you have a decent amount of to invest, invest you Gold is because you don’t want to have to have a whole wheelbarrow silver.

Right. But silver is a fantastic opportunity. Go to sarah wessel.com Miles Franklin fill out the form. You can get the access to the private price list as well. And know that you’re working with a company that you can trust will not take advantage of you. You can also email infomozfranklin.com and tell them that Sarah sent you and you will also get their private price list. Okay, let’s get into this really good conversation that you probably won’t hear much elsewhere and with my friend Andy Shepard. Hi Andy, welcome back to the program. Sarah, wonderful to see you.

Thanks for having me. Well, more stuff is happening. We have the moody downgrade of the US treasury and that they always do these things on Friday nights and I’d like to know why you think they always do this on Fridays. Maybe because the, the reaction of the system is more mild on a weekend than during the week. But downgrading it the US treasury, that’s a big deal. Can you talk about that? Yeah, it is. Everything even, just about everything happens on a Friday. A bank closure where a bank is closed and doesn’t open till the weekend.

Even when I, you know, I met with the FBI once and talking about wire fraud, we had a meeting about that with, there was a time when there was a Eastern European organized crime ring that was going after metals companies with, with wire fraud. And they said it always happens on a Friday because by the time you realize it it could be Saturday afternoon and nothing you can do about it till Monday. Well, they’re a day ahead of you on the other side of the world there and by that time it’s gone, gone, gone. But the same thing here is true.

Everything happens at the end of business on Friday because it takes, you have the weekend where there is no ability to react to it or overreact to it. So that’s typically the way that it happens. But yeah, they, they downgraded our from aaa to double A1 and I guess the first thing that I think about is, you know, they talk about a debt, a mind blowing debt they call it of 36.3 trillion that ignores the unfunded liabilities of Medicare and Medicaid. And Social Security that exceed 200 trillion. But you know, I don’t understand why they’re doing it now and not four months ago or six months ago during the previous administration, whatever.

But they want to do it now, right? So evidently they have dropped our credit rating. They cite debt to GDP numbers to hit 134% by 2035. Now what’s important about that. First of all, if we added the unfunded liabilities, we’re probably a 200% debt to GDP. So it’s all a bunch of hocus pocus accounting nonsense. But let’s just talk about reality on the on balance sheet obligations. Forget about the off balance sheet which bankrupt us. But the on balance sheet they say would hit 134 by 2035. Now to my knowledge there has never been a country ever that crosses the Rubicon of 130 debt to GDP and comes back.

They either hyper inflate or outright default. You can see Japan is on that path right now and their bond market is exploding right now, blowing up, which is a different topic. But what that is is the yen carry trade which is exploding and I don’t know if you remember months ago when that happened that the concept is to buy Japanese yen at a cheap price because you know, it’s always their rates have been next to nothing and their yen was cheap and then they would borrow in yen, convert to dollars and buy Treasuries here in the United States paying a higher rate than what they’re borrowing at.

Well now their 20 and 30 and 40 year bonds are blowing off through the roof. It’s going to get very dirty very quickly and will greatly affect things here in the United States. But that’s a different conversation. The point I’m getting at is that they’re saying, you know, 134% by 2035. You don’t come back from that is kind of at least the current system does it. They say interest payments will consume 30% of the federal revenue by 2035. I have one better for you. The Congressional Budget Office says by 2031 100% of tax revenue goes to pay just the interest on the debt and mandatory entitlements which coincidentally are off balance sheet like Medicare and Medicaid.

Well that gets the MIT study that said that at about 2020, 2032 the system will collapse because you can’t handle the, the math doesn’t work anymore. Well that’s all boils down to math and that’s just it. And, and they note that the US has let debt and interest burdens rise for over a decade, outpacing their top other top rated countries. But like I said, you know, it’s. First of all, it’s not just the 37 trillion in the unfunded liabilities. It’s that the deficits continue to grow unchecked and ignoring basic fiscal responsibility, ignoring math. And so I would say that this is something that it’s somewhat political, perhaps the fact that they decide to do this now and not four, five, six months ago.

It is what it is, but it’s a sign that things are starting to get a little shaky under the surface in regards primarily to our treasury holdings. And what’s interesting about that, I’ve spoken at length with you, Sarah, about de dollarization in countries selling our Treasuries. Well, China the next day was announced that they are no longer the second largest holder of U.S. treasury debt. They dropped to number three because they’ve been shedding Treasuries. Now precipitously, they’re down to 765 billion. They were almost at 2 trillion a few years ago. It’s the United Kingdom, who rose from 749 billion to 779 at the same period.

Now number two. And Vince Lancy, a friend of mine, had a great analogy. He’s like. It’s like two drunk guys leaning against each other, trying to hold each other up. Two of the most indebted nations on the planet with very little if anything in the way of equity in terms of. So are they loaning each other? Is that really. Yeah. So it’s one broke nation buying the debt of another broke nation. I mean, you can’t make it up. So it to me is emblematic of countries like China who are de dollarizing quickly and using the proceeds to buy tangible items, you know, copper, gold, steel, silver, real assets, property, oil, et cetera.

Interesting times, as you say. Well, it’s interesting that it’s a UK because now we’re talking Wall street and the City of London. It’s a bigger deal. Yeah, yeah, absolutely. And these are the epicenter of much of the problem. Look at the London Metals Exchange, which is blowing up at the same time. We’re seeing record deliveries. Record deliveries. The May contract in gold is the largest delivery in the comex in the history of the exchange. So far, over 16,000 contracts have stood for delivery. That’s, that’s 1.6 million ounces of gold, which is 5.3 billion been delivered in the month of May in gold.

Who’s got that Kind of bread. Who has that kind of money to buy? We don’t know who it is. Is it Warren Buffett or Berkshire Hathaway or the Fed or the. Who knows? But. And at the same time, the largest delivery ever in Comex in silver for the May contract for one single contract. Who’s bringing all of this in? And lots coming from London. What does it mean? Well, you know, they’re blowing up the London Metals Exchange at the same time because London Metals Exchange is a T +1 settlement. As I mentioned to you before, they’re now T +8 weeks and they’re citing a shortage of trucks and manpower to move the bars.

Are you kidding me? So like if you owned a jewelry company that had branches all over the world and you’re expecting delivery in three days or it moving in your way to make your product, they’re saying, sorry Sarah, it’s eight weeks, we’re too backed up, not enough trucks. It’s a way of saying that the rehypothecation is beginning to put massive strain on the ability to deliver effectively. And if you have to go into the open market to find stuff, was becoming harder and harder to get because of these deliveries. That’s why you’re seeing deliveries. The big players know that you need to have it, not trust the system.

The system is shaking all over the place. The treasury market, the metals market, commodities exchanges, everything is reverberating. And you can sense that probably something much more dramatic is afoot. And then you look at one of the things that I think is. And you can stop me at any time. I have a habit of just going, well, I want to talk about the quantum financial system, which I think is bunk, but I do know there’s reset. And so I want to talk about that. And I have a bunch of intel on that that I want. Oh, tell me, like to hear it.

Well, okay, first of all, all of us are seeing all these notes everywhere about quantum financial system in my. I, I just have. So there’s constantly new channels, putting comments all over the Internet. I’ve probably had about 30 different fake channels under my name of people saying to contact them to talk about the quantum financial system. That stuff’s all bunk. Don’t follow any of that. But there are groups of people that have been working on this for over a decade that have been part of this reset, that are part of the government system. I’ve been investigating this for a while.

These people really believe, and I believe that they’re onto something because all the actions that we’re seeing now that there is going to be a reset. They’re looking to fund the entire economy of the world based on assets, not just gold assets. They want it to be backed by gold and commodities, which we’re seeing in the literature is too, that this is where it’s going to. But commodities such as, let’s say that you have coffee beans in your country. That would be your commodity. Whatever your country has is commodities and that that is what they’re going to base this whole world reset on.

This is some of the chatter. I don’t know what’s true and what’s not. We can see in the literature of where some of these moving. But there’s also groups of people that are involved in this that are talking about how there are going to be a lot of charitable funds to rebuild up society. Because we’ve been in the slave mentality for so long. Two thirds of the world and you know, in the Western world, it’s not as. I mean we don’t even have a clue really because 2/3 of the world are living at a hundred dollars a month.

This kind of stuff. They’re really living poor. Right. So the concept is to lift the world out of poverty and then focus resources on charitable works that we need, from medicine to energy to just things we need that we haven’t been able to invest in because we’ve had this, this parasite class running the world and we’ve had all this debt. That’s the concept that people are working on. I don’t know how much of that is true versus fantasy versus telling people what they want to hear to move forward. What are your thoughts on that? Yeah, I don’t, I don’t know either.

I mean, because the world has become so globalized. You know, there’s a man that I follow who is one of the smartest human beings I’ve ever encountered. His name is Zoltan Posar and he used to, to run the New York Fed or understands the plumbing of the, of the world economies better than anyone. I think he’s at UBS now, but he, he talks about this being Bretton Woods. 3A system that is, is all about commodities and all about transparency. The marriage, if you will, between blockchain technology and commodities. I mean, if you look at what much of the Southern and Eastern world is doing, that is what they’re doing.

You look at the Belt Road Initiative as an example. The Belt Road Initiative is the largest infrastructure project in human history. And it’s all, all about connecting much of the world that Is resource rich and under industrialized, underdeveloped, Allowing them through building roads and bridges and maritime channels and oil refineries and gold and silver mines to extract their natural resources, to industrialize their economies, to bring it to market, to enrich and I guess you could say, redistribute wealth amongst these countries who haven’t had the capacity to be able to do it. Redistribute might not be the right word, but to help them reach a level of industrialization and of wealth to build their middle classes, that hasn’t happened.

Now, in terms of the United States, it’s as if we have to regress back to that type of an environment where we used to be the engine of growth and manufacturing, to bring back the ability to manufacture things that are critical to this country, such as pharmaceuticals, machine parts, aircraft parts, AI stuff. But in order to do that, I would argue you have to go through some sort of a reset. You have to get to a point where the whole system blows up. Because you have to remember that much of the reason that all of this stuff shifted out of this country was cost.

And that’s part of being the world reserve currency. And the fact that you can’t have a weak currency and be the world reserve currency, the fact that it’s called Triffin’s dilemma, where we cannot provide enough dollars to the world, who needs to use dollars just simply through buying stuff? So we export dollars, the demand continuously for dollars makes the dollar very strong, which means it, it you can manufacture across the globe for much less money. And so it eviscerates our manufacturing. And the incentive that the business owners have had is for increased profits, high asset prices, and cheap goods with low interest rates.

That is the benefit of being the world reserve currency. And this is why pushing back on and, and pushing back on, you know, with all of these tariffs, you’re telling the world, well, you need to pay tariffs because it’s unfair that we don’t get to sell you our goods. Well, that is Triffin’s Dilemma, and the White House has acknowledged it. Triffin’s dilemma says you will never have fair trade, in essence, if you’re the reserve currency. But for it, you get cheap goods, low interest rates, and high asset prices because the world takes your currency for your goods, needs it in order to transact global business.

And then the expectation is to buy Treasuries, which keep our rates low. But this is what’s interesting that go hand in hand with the Moody’s downgrade is that they’re trying to Tell us Sarah, that they have been quantitatively tightening and the Fed is normalizing their balance sheet, but no one really caught this. But last week, don’t tell because it was very quiet and they’re saying it’s not QE. The Fed came in and bought 20 billion worth of 3 year bonds on May 5th, 34.8 billion in 10 year bonds on May 6th and 7th and 8.8 billion in 30 year bonds on May 8th.

This is while at the same time yields are over 4%. And so why at 4% yields which are higher than most of the world, can we not attract buyers of our ten year treasury, which is the, the cornerstone of everything, which just about everything financial in the financial universe is based off of credit cards and mortgages and home equity. The Fed has to come in and buy $44 billion worth of bonds quietly. Not talking about it. It’s not. Why is that? Why? Why? Yeah, why are they needing to prop up? Why are people not buying? And why is because they all know the system’s resetting or it’s weak.

But let me ask you, okay, we’re if, if we’re moving to a new system and I know you question, you think it’s that, and I want you to address this, that you think that possibly that they’re incenting this and that’s what is happening. And but if we’re moving to a new system that’s based on assets and different commodities, gold being one of the big ones and I think that’s why it’s coming back. Assets around the world. How do we distinguish between good and bad and, and in between. Because you know, people are concerned that we are taking and putting every single one of our assets and our commodities on this blockchain.

Now if we’re going to be doing that as a backing of a currency, where is the line that’s crossed of controlling absolutely everything in our environment versus using it as a commodity based economic system that’s beneficial? You know what I’m getting at in the sense that where is the line drawn of we need to move in this direction because it’s better for the world and drawing the line of we don’t want you to control absolutely every little detail of our life. This is beyond cbdc. This is not necessarily cbdc. Oh, that can be put on top of it and it can be even more controlling.

But this is about controlling absolutely every resource and asset on the planet. Just a quick break from the program that I want to tell you that on this Wednesday, Wednesday 28th at 5:00pm Central, 6:00pm Eastern. We will, me and Andy Schectman are going to have a Q A so that you can join a free webinar Q and A so you can learn about what you can do to protect your assets as the financial system is ready to reset. So if you, if you are interested in learning more about what you can do, it’s a question and answer session about how you can protect your assets.

It’s going to be this Wednesday, Wednesday the 28th at 5pm Central, 6pm Eastern. If you are somebody that might have been scammed in your ira, which is tragic, I recommend that you show up and ask questions about that as well. If you even think that you might have been it’s really good opportunity to come and ask questions. Again. It’s this coming Wednesday the 28th at 5pm Central, 6pm Eastern. I will have the link below so that you can, you have to register so there will be a link below or you can go to the website. Sarah Wessel.com Q&A Yeah, I mean it’s first of all the reason they’re doing it is I think the Fed is losing control and you know, the quietly plugging holes to prevent a bond market failure.

You’re seeing the same thing in the uk you’re seeing the same thing in Japan. We’re on the verge of a bond market meltdown. That’s where the problems come. Now in terms of your question, you know, look, if you came home and found your husband in bed with, you know, the next door neighborhood, it’s really difficult to ever get that trust back. Right. If you even want to. And the point of it is, is that we have squandered so much of the trust that these are logical questions to ask. There are things that are red flags about what you’re speaking of in terms of the surveillance state, such as the need for the digital id, the new real ID in order to under the guise of election integrity.

Is that what it’s or is it for, you know, complete and total control? Does it morph to the ID 2020 where the gates foundation, the Rockefeller foundation and Sarna, the big, I think it’s the name Sarna, the big vaccine Corporation all have patents on the, on that ID as do Visa where they’re trying to, you mentioned putting it on top. They, they want to commingle your passport, your birth certificate, your, your health information, your financial information, all of it into the deed, the digital ID that is entrance into the surveillance state. And if we move to everything being digital in Terms of stable coins, let’s say it doesn’t even go to the cbdc.

Well, stable coins can act as like a CBDC just wearing a different hat. The. Yeah, you don’t use the name. It doesn’t. Well, it’s, it’s third party like Heather or, or, or usdc, which is Goldman Sachs. But if you don’t think that the federal government will be completely and totally monitoring the on ramps and the off ramps, you’re, you’re crazy. I have full access to it. Yeah, it’s just, you know, Rosa Corey, those of us who have followed her and I had a great interview with her years ago. She died. Right. She had this turbo cancer right before COVID She was an amazing person.

She was tracking the fact that they were going to be putting every single asset in the country on. You’re going to track every single asset and it turns out it’s going to be on blockchain. But that’s what they’re moving to do with this whole digital currency system. That’s what I think they’re trying to do with what it brings into what Rosa Corey was saying to what they’re saying with all the assets, commodities, backing, a new financial system. So what Rosa Corey was seeing now we’re seeing the reason why they were all trying to do that. They’re all trying to do what she was saying because they want to use it for their financial system.

That’s what it’s looking like it’s happening. But the question is, I don’t know how bad some of this is because it really is good to use commodity based and gold back. You know, all your have a backing to your currency based on what your resources are in your country. The problem is when you take it a step further and you do track us to the nth degree and use the digital ID and, and, and turn it into a surveillance tracking system. So my question is how bad is this? And when it gets in a technocracy? I’ve had really good conversations with like Dave, Jan and other people too where he said, well, how bad is technocracy? Certain amount of it we’re going to have to live with because we have computers that are automating everything.

We got blockchain, everything’s moving towards digital. So we have to get wiser and look at it and say, okay, we know that the world can be more efficient and more effective running on technology. Now where is it? We need wiser people more as to people to say, okay, we want to use it for this purpose. It’s a tool. And then we want to stop it when it comes to these red lines. Well, I think we could get so far deep down the rabbit hole in technocracy and in automating everything, and then not enough people. I had dinner with a man named Paul Barron, who’s smart as hell.

And I said, paul, what do you think about the Google Willow chip and the rise of quantum computing? He says it’s a game changer. And he says although there are steps being taken to deal with it, quantum computing is no longer a theory, it’s real. And although it hasn’t been rolled out yet, the Google Willow chip is a prototype that is real. And it can do what the five or ten of the fastest supercomputers can do in ten septillion years. Now, I didn’t even know what the hell septillion was. I googled it and it’s like 1 to the 47th power, something like that.

It’s just some crazy, crazy. You can Google it right now and see it’s one crazy number. And it does it in five minutes. It takes what the fastest supercomputers in the world will do in X amount of gazillion years. It does it in five minutes. And I said to Paul, how does anything that’s alphanumeric at all survive in that atmosphere? He says, it will be very challenging. And I talked with another guy who said, yeah, you could see things go so far to that end. And then the disruption as advanced quantum computing, which is different than the quantum financial system, but quantum computing would be able to massively disrupt everything.

Not just Bitcoin. How about all the digital bank account information or everything in your brokerage account that. Just like that. Some Chinese hacker with a. Or a Russian hacker, Ukrainian, wherever they are, or someone in Baltimore. I’m not trying to pigeonhole. I’m just simply saying some hacker with, with the ability with quantum computing to massively disrupt things. You have to use quantum computing to come up with the cryptography. Cryptography. Crypto. What do you call it? Cryptography. Yeah, but I mean, whatever. Cryptography I can’t even pronounce to block it. It. Right, because you have to do. You have to do parallel real time, a bunch of parallel ones.

And it’ll be very hard for them to do it, but you have to use quantum itself to protect you from quantum. Yeah, well, maybe there’s a gap in between, I don’t know, and the rise of AI. You just have to. There will be a gap in here. But my. But when I was designing Computer system. Do we go back to the filing? I don’t. Well, maybe that actually you probably would be more advanced by doing some of that. But when I was designing computer systems, our biggest obstacle was processing power. It was always processing power. We could do so much.

We could do all this AI stuff, all these things that we were wanting to do, we couldn’t do because of processing power. Now that’s becoming less of an obstacle or not an obstacle at all. And but my, my, my thing is is where is it that we say, and I think this is what you’re answering. Do we go back in time? Like having cash in hand is actually better than having things automated. But where is technocracy a problem and where is it good? Because we aren’t going to say we can’t have any technocracy and it’s all bad.

It’s just like saying we can’t have any socialism. It’s all, we can’t help the government, can’t help anybody. It’s all bad. It’s not. Everything is always a balance. I am not promoting technocracy. My point is, is that we won’t be able to not have a certain amount of technocracy because the largest companies, market cap companies in the world are all tech companies now. We are already living in a partial technocracy, right? We already are. So what parts the Internet is, you know, so what parts do we have to get wiser and say what parts do we not want and what parts are we okay with? Well, I think you could argue there has been a pushback against the big one.

That being the cbdc. It’s, it’s the largest. The loss of privacy and the potential for, you know, the potential for abuse. You know Nomi Prince did a great, I guess you call it expose about CBDCs, the patents that were listed and all sorts of Freedom of Information act documents. One was from the IRS who reviewed, reviewed the patent on or the, you know, MIT has developed a CBDC for the United States. Whether or not it ever comes out. They worked on it with Lael Brainard who at the time was at the Boston Fed and then she was after that an advisor to Biden and they had developed someone that you don’t like very much but anyways keep going well and they, they, there was a Freedom of Information act that was an internal memorandum and she was able to obtain it.

And basically what the IRS said was, you know, this technology, while we don’t subscribe to using it this way, we could, it could be used punitively you could shut people out of their money. And, and, and from a monetary standpoint, she says, you know, look, if, if, if, if we needed to with the cbdc, if things got very, very, if inflation got out of control, we can actually enact deflation by actually pulling money out of people’s accounts and all sorts of stuff like this that it basically said the ability for abuse was there. Now we don’t plan on doing that, they say, but that’s kind of the line when you get to things that can disrupt tremendously I think through abuse.

And over the last four years, you know, you see an administration who, who strays so far from the American culture and the ideals, you know, who’s to say that there wouldn’t be abuse? So I think technocracy is a very scary thing to be, to be honest with you, I, I think the world was much simpler and easier when, you know, these things didn’t even come into the vernacular. But you’re right, it’s, it’s, the Pandora’s box has been open. There’s no, no going back any longer. But you know, things like a digital money system which authorities can, you know, you’re guilty before proven innocent and can stop you from being able to transact or worse yet, the Digital ID 2020, which was tied in with Sarna, the vaccine Corporation and, and, and, and your medical records and you’re out pumping gas and you get an angle you didn’t get your vaccine and the authorities are on.

Yeah. Then you can’t buy food, you can’t buy the Snickers bar because you, it’s not healthy for you or. Right. And that’s when you get into the, into the weeds for sure. Well, but I do think that if everything is backed by commodities and assets, that it’s inherent into the whole financial system. A thousand percent. Absolutely. And that’s where all the money is. So. Yeah, and that’s one of the benefits, you know, and maybe, maybe that’s why you’re seeing such a drive to eliminate counterparty risk by big money. Like you’ve seen 40 central banks repatriate their gold from the New York Fed and the bank of England, where they’ve sat safely for years and years and years.

The removal of counterparty risk of physical possession being outside the purview of the Matrix is something that, it’s becoming harder and harder to do. And you know, even things like cash, you know, I’m a big skier and I, I, I, I have a conference every year in Vancouver and I go to Whistler and with some, some friends and, and sometimes my wife and used to bring my family there all the time before when we lived in Minnesota was easier than from Southern Florida here. But every year I go there and they’re owned by Vail Corporation at the same time I take a trip to Beaver Creek every year with family and friends.

So I go to two different and they’re owned by Vail Corporation even though you know, one’s in Whistler Canada and the other is in Colorado. But Vail Corporation is one of the biggest corporations in the United States and they are 100% cashless. The Super bowl in Tampa Bay two years ago and the last one last year are cashless and they had Visa has a patent on reverse ATMs where you come, you put your money and the cash is destroyed. They note the serial number on the cash the machine does it destroys the cash and gives you a credit card with pre funded to however much you put in.

And it’s a way to remove cash from the system. These are all thoughts that the technocrats have and hopefully, hopefully President Trump is pushing back against that. But I wonder, you know, I mean if the whole system is, is being reset and in order to bring all of that stuff back, the manufacturing of pharmaceuticals and machine parts and all of the things that are integral to our way of life, you must pay the piper first. You have to. And when you look around and see what he’s doing with tariffs and threats, it to me just seems to be silly.

Unless what you were trying to do is lose the reserve status. And they’ve talked about that. Even Vance said the reserve status is more of a burden than it is a benefit. Maybe they realize that we can never be the reserve currency and have a positive trade balance ever. That’s Triffin’s dilemma. So what they’re doing is incentivizing the world to move away from the dollar and from the Treasury. You can see that by the 40 plus countries that have applied to BRICS. You can see that by this growing de dollarization and where the Fed has to come in and buy fish 50 billion in in four days worth of Treasuries because the world doesn’t want it anymore.

But maybe that’s what we’re trying to do through fiscal responsibility and monetary stupidity. And I think that’s what I’m hearing and I’m hearing that’s what I’m hearing in some of the chatter is that the United States is planning on joining the brics. That’s or is it’s Always been part of the plan. Well, I mean that, that would be very interesting and being that the BRICS nations are the ones who have the most in the way of gold. And Delma Rusoff, the former President of Brazil and the head of the BRICS New Development bank said four or five months ago, look, we’ve agreed in principle to a new settlement currency called the unit.

And that unit will be 40% gold back deliverable upon request by central banks. So they are moving to a system that’s all about commodities and transparency, blockchain technology. It’s traded over the bridge, bridge network. One of the things that I found to be really big and I don’t know if you and I talked about this, we may have. But for those who didn’t hear, you know, like I told you before, one of the things that, that turned me onto the bricks was the Belt Road, 75% of human population. And then I learned of the Shanghai Cooperation Organization, massive swath of human population and the largest regional military and financial group in the world and the Eurasian Economic Union.

These are the countries that end and stand. These are all very highly integrated to the brics, even though they’re not all members of the brics. And then you see the news that the new bridge technology, the Renimbi Bridge, which is the M bridge, that they’ve connected with 10 or 11 ASEAN countries, those are the countries in Southeast asia and the five Middle east countries. That’s 38% of GDP globally. You take all these groups together, you have 90 plus percent of human population, three of the four largest nuclear arsenals, the majority of all of the commodities on the planet, the majority of sea and land shipping routes and almost 100% of the rare earth refining, the majority of the rare earth, rare earth mining and the engine of manufacturing in China and Vietnam, who just applied fully to brics, Indonesia just became a full member of brics, the largest, largest nickel deposit in the world.

They’re all joining together. But the Russian Finance Minister Lavrov said we’re going to open up the bridge technology to other countries, not just BRICS countries. Well, you open it up to the Belt Road. The Shanghai Cooperation Organization, they’re opening it up to the Asianic countries and the five Middle Eastern countries. That’s the beginning of it. But they said we’re going to open it up to others too. You open up to the Belt road which is 75% of human population. The bridge technology is not compatible with the dollar or swift. It trades in other central bank digital currencies and Then they settle in gold.

Any imbalances which is happening, these are the countries buying all the gold. So they trade with Saudi Arabia, will sell their oil to China for yuan and settle imbalances in physical gold. Well, the Shanghai Metals Exchange is talking about opening up a subsidiary of their vaulting company in Saudi Arabia, in Hong Kong and in other parts of the world, so that they can internationalize the yuan and settle in gold. All of this stuff is happening under the seams. And so either he is going to or if he doesn’t, we are incentivizing all these countries to unite and ultimately de$ize and ultimately, as Operation Sandman would say, dump everything.

Now Trump can say, well they did it to us, they broke the system and now we’ve been buying all this gold and we’re going to bring back our. We all need to tighten our belt so our children and grandchildren can have a future. We can bring all this stuff home because they reset the system and the dollar is no longer globalized anymore and we’re going to be more nationalistic. Look, Richard Russell always used to say they could inflate, they can default and it’s inflate or die is what he always said. Those were the two options. I think option three is a continuation of the stupidity of the Biden regime, just in a different manner, more patriotic, nationalistic, but maybe the same agenda.

And that is to reset the system so that they don’t default outright, they don’t hyper inflate outright, but that they can point to those bastards who did it to us. They all moved away from the system. So you know what? We’re going to bring our manufacturing home, we’re going to bring our military home, we’re going to take care of this country. And in theory it sounds great, but to get from A to B is a very dirty, dirty feeling when look, we offshored everything because of cost and everything we get comes from over there. So you’re talking empty store shelves, much higher costs, you’re talking massive unemployment like a depression and corporate profits that plummet.

So the stock market collapses, interest rates spike to the moon. The bond market, the real estate, the banks, the insurance companies, they all get massive strain in that environment and it’s a horrible experience. But it’s what we need to go through America in order to make us the engine of manufacturing again and to protect our national interests. Because you can’t be in a war and buy the majority of your products from other countries that you need to make weapons like silver imports. You can’t have people dying of some sort of a pandemic and have to buy all of your pharmaceuticals from China, whatever it may be.

The end result is noble. Getting there is the scary as hell part. And if indeed he is trying through these policies to make the world go a different way, maybe one of the solutions would be to immediately join brics as everyone dumps dollars and treasuries which would create that horrible moment, but uniting with BRICS at the same time, which would then open up supply chains which would be settled imbalances in gold. Look at all the gold that we’ve brought in in the past. That’s what I think. And I think if you, if you use all the commodities all around the world and the assets of the world, you could overnight use that as collateral to pay off debt and reset the entire system and then revalu benefits all the central banks.

I think that’s what is, I mean realistically could be what’s happening. And interestingly enough, when they went to Saudi Arabia, Saudis backed out. You know, the petrodollar. They are actively engaged with the BRICs. And then when Donald Trump went there, they rolled out the red carpet and called him the king of the world. Why would they do that if. Because it’s wiser. Do you know what I’m saying? Just a quick break from the program that I want to tell you that on this Wednesday, Wednesday 28th at 5pm Central, 6pm Eastern, we will me and Andy Schectman are going to have a Q A so that you can join a free webinar Q and A so you can learn about what you can do to protect your assets as the financial system is ready to reset.

So if you are interested in learning more about what you can do, it’s a question and answer session about how you can protect your assets. It’s going to be this Wednesday, Wednesday the 28th at 5pm Central, 6pm Eastern. If you are somebody that might have been scammed in your ira, which is tragic, I recommend that you show up and ask questions about that as well. If you even think that you might have been it’s really good opportunity to come and ask questions. Again, it’s this coming Wednesday the 28th at 5pm Central, 6pm Eastern. I will have the link below so that you can you have to register so there will be a link below or you can go to the website.

Website Sarah Wessel.com Q&A it’s like now I’m a married man. I’m just making an analogy. It’s like having two girlfriends and telling each one that, you’re the center of my universe and I love you more than anything and you’re the most beautiful of all. And then you go back to the other girlfriend and say the exact same thing. It’s like, it doesn’t do any good to, especially a guy like President Trump to say, you know, yeah, no thanks, we’re going a different direction. They’re just telling him what he wants to hear while he’s there. So it very well could be that, because they know he needs that.

And then they continue to cement and format other relationships and other channels. It’s like the Chinese who are sitting and playing ball. Yet then they roll out this new bridge technology to 38% of global GDP three weeks ago at the same time that Trump and Xi Jinping are in the midst of negotiations. So. So on one hand, there is no direct benefit for pushing back so vehemently against the president when you know what kind of guy he is. On the other hand, it shouldn’t mean that you aren’t going to continue to. You know the old saying, fool me once, shame on you, fool me twice, shame on me.

I think the fool me twice, shame on me preparation is happening at the same time that they are trying to placate and put a smile on in front of the President. But I do think it’s a step further to call him king of the world. I think that they can just totally kiss his butt without going that far. So I’m wondering, why are they doing that? But at the same time, it could be either, or. It could either be they’re just, who cares? Let’s just kiss his butt and keep him happy while we’re doing all this other stuff.

Or it could be there really is a worldwide reset that he’s part of and that we are. Yeah. Who knows? What other world leader do you know that has his finger in the, in the dike of every single country? Just about. I mean, I mean, he’s all over the place. He’s, he’s in the Middle east, he’s in the Far East. You know, he’s, he, he’s in Canada, he’s in Panama, he’s in Mexico, he’s in Greenland. He’s everywhere. And you look at, at other, you know, other leaders like Xi Jinping, well, he has influence in some respects, but you don’t see him imposing or Putin or, or, or Macron or any of these knuckleheads.

You don’t see them imposing their will all around the world. So Is that a backhanded compliment? I don’t know. I don’t know. I mean, again, you know, there’s a fine line between conspiracy and reality. You have to have a very open mind these days, I think. And think outside the box best you can. So the question is, are they placating or are they being serious? Or is it some. Somewhere in between? You know, maybe, maybe they’re, they do respect him. Maybe the Saudis do respect him for the, his approach, but I think it’s better. You know, you never have any time somebody gives you a compliment, you’re like, it’s thank.

Especially when it’s sincere. It’s like, well, thank you. But in general, you have to be like, okay, well, whatever. What is it that you want? Well, especially when you make such a big. You know, this is the greatest guy ever. You know, it’s like, that’s right. It’s even the person he’s sitting that when you’re introduced to someone and some guy says, she’s just the smartest, most amazing person ever, you’re like, well, thank you. But you’re thinking, yeah, really, like, like, like that’s how I would think. If someone introduced me that way, I’d be more, more like, you know, I don’t know.

I guess I know. Yeah, exactly what I’m getting at. That’s exactly right. Deals like they’re placating or pandering to his, his hubris to his, his. The fact that he’s, he’s, he’s an egomaniac, so. Or they also could put. Be putting out propaganda of he. They could be hurting him indirectly, too, by doing stuff like that. Well, right. I mean, he’s thinking of the Saudis. They love me. Right. Or he’s trying to take over the world and everybody should be worried. And they did that to feed it. Just like when Trump was saying Canada should be the 51st state, it caused Carney to be elected.

I mean, those things, it’s a compliment. Like giving him a compliment could actually backfire. Well, I would think a better compliment would be this. This man is trying to unite the world. That’s a compliment. Calling him the king of the world. It implies maybe he’s a dictator and that he’s trying to impose his will everywhere. That’s my point. Is it a backhanded compliment or not? Don’t know. But he’s not someone to mess with. And I think you get a lot farther, as the Saudis do, by being in his good graces, while at the same time you’re building your back channels.

That’s kind of why the Saudis have been openly approved into being a member. The 12th member now be the 13th member of the Bricks. But they’re straddling the fence. They haven’t said no, they haven’t said yes. They’re openly, I mean they were the fifth member of Project Enbridge, a full member and that was a not and that is this bridge technology that the BIS pulled out of. But that was the ability to trade cross border without the dollar. You have the largest oil producing OPEC leader country in the world now moving away from settlement in dollars and being a full participant in Enbridge which allows them to take payment throughout the globe in a form that doesn’t come isn’t compatible with Swift or the dollar.

What does that say? So it’s like yeah, they’re placating. On the other hand they’re like you know what? Fool me twice, shame on us. So let’s just have our plan be fully in place before we decide which side we’re going to fall on. That’s probably and that’s smart anyways. Right? You have all your plans, plan A, B and C. Especially with the reset of the economy. You can’t be stupid. But okay, yeah, I mean you have been and we talk about this every time you’re on because it’s so important, especially right now. I, and I tell people not to be ashamed.

Look at your IRA and make sure you have not been scammed. Can you talk about some of the people that you’ve helped? Because I think people, when they hear people that you’ve helped. I need to get some testimonials from some of these people because I keep seeing these amazing stories of people getting hundreds of, of thousands of dollars back of their IRA through this process. 100%. And I’ve, I’ve asked the people that have come from you to tell you about their experiences and they take some time typically to unwind and, and to help them and move in different directions.

But I’ll simply say to you Sarah, as I’ve said before, it is some of the most horrific stuff I’ve ever seen in my career ever where their lives are being destroyed. We tell them the truth that this is what a comparable portfolio in American Eagles or in Canadian Maple Leafs or in and you know, whatever 1 ounce gold and silver bars and rounds would have cost and, and it’s typically double to triple what they could have otherwise gotten content and the, the excuse is always some stupid lame duck excuse. And I think these Companies don’t want to drink their own bath water.

And they realize that very few people will ever push back. And the ones that do and know what to say and, and simply say, you know what, I’m going to contact every single authority. Let me put it to you this way, as the owner of Miles Franklin. If someone called me and said, listen, you screwed the crap out of me and I am going to, unless you make me hold basis where gold has gone since I purchased from you and here are the numbers, my next call is to the Department of Commerce. After that it is to the Attorney General.

After that is to the Better Business Business Bureau. After that is to the, to the local newspapers. After that it’s to every major, you know, social media platform. And I will not stop until I see you buried. That’s right, that’s what you have to do because it’s hundreds of thousands. It’s half your life savings. I had Dale Whitaker on, I interviewed him and he was telling me that these salespeople of this, these companies, they don’t even earn a commission on, on solid coins on the eagles and the stuff that you sell, regular silver rounds, they only make commission when they sell the investment grade.

They call them investment grade coins that are screwing people. Well, they’re not investment grade. Well, I know they’re not. That’s why I put it in quotes. They’re not investment grade, but they don’t even make a commission. So they don’t want to sell you anything other than what, what’s going to screw the screw you over. Well, if you don’t, I mean if all you do is sell this gold eagle, if that’s all you sell, you know, you can’t mark it up more than 1 or 2% and be competitive. But if I sell you some fagazi coin, that means nothing.

That’s you know, quarter ounce coin that I’ve been doing this for 35 years and I’ve never heard of. Now I know the mint, but I don’t know the coin. And they try and tell you it’s a collectible or an investment coin, which it’s, it’s so not because no one knows what it is says no demand, so no dealer wants it. And therefore when they buy it from you, they pay 99% of melt value because they have to melt it down because nobody buys it. It’s their way of completely screwing you. Now if you want to buy a tube of gold eagles, you can go on to any single website in the United States.

Major company. Miles Franklin SD Bullion, JM Bullion, Money Metals, All App, Mex. All good companies and see if you got screwed. Now I’ll beat every one of those prices. They’re all great companies, all of them and great ownership. But these other companies, not only, pardon my French, not only are they chicken shit because you never see their CEOs doing an interview with a person like you, but they are true, flat out criminals. And the stuff that I have seen in a federally non regulated industry, mind you, you, which has not enough oversight. That’s why I always left my company in Minneapolis because of the, the accreditation and the, and the licensing requirements in Minnesota.

It’s horrific, Sarah. It’s truly horrific. Well, he was telling me, he was telling me that the average markup, I mean you’re talking 2 to 6% is. No, I’m. Well, no, no, no, hold on. That’s what I’m seeing as what a normal markup is in this industry here. He was saying that the markup, the average markup that these companies are doing is like 125% as high as 173%. It’s supposed to be 2% or 3%. These guys, that’s how much these people are hosing people over. Yes. And that’s exactly it. And so I suppose they are all but completely incentivizing these brokers to knowingly screw the public.

So you want to talk about like they don’t even get paid. They don’t even get paid unless they screw over their customers. Right. And that’s rico. That means that that goes all the way to the top. And they’re just like a hitman. They know exactly what they’re doing. And that’s what is the most grotesque part about it. So yeah, it’s one of these deals that I expect to continue to. Well, it’s just the tip of the iceberg. You have just the tip of the iceberg, people. Completely and completely. Completely and totally just the, the tip of the iceberg.

But we will continue doing all we can to, to expose this fraud. I’m so sorry, Sarah. I have to go. I have a live stream that I’m on right now. I didn’t realize I’ve been talking for an hour. Well, let’s go. Okay. People can get to, people can get to the information. They go to sarawestall.com Miles Franklin and we will see you next time. We also have a webinar on the 28th at 5pm Central Time, 6 p. Q&A, 6pm Eastern Time. And I’ll let people know about that as well. Thank you. I didn’t know I was cutting into your live stream.

I’m sorry. I didn’t even realize it either. But, Sarah, I always enjoy our conversations. And you’re the greatest. I. I will see you soon, I promise. And have a great rest of your week. Bye. Bye. Sa. Sam.
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