New Actions by Insiders Never Seen in History Bitcoin Moves Ahead w/ Andy Schectman

➡ The chief investment officer of Morgan Stanley suggests changing the traditional 60% stock, 40% bond rule to 60% stock, 20% bond, and 20% gold. This comes as gold’s value has increased by 66% this year, despite a recent 6.3% drop. However, caution is advised when investing in gold due to potential scams and high premiums charged by some companies. It’s also important to diversify investments and consider assets that protect wealth, such as gold and silver, especially in the current unstable global economic climate.
➡ The article discusses the impact of the government shutdown and the potential consequences of the food stamp program not being funded. It highlights the increasing demand for physical commodities over paper promises, a situation called backwardation, which is a sign of a bullish market. The article also mentions the increasing debt of the United States and the political partisanship that is exacerbating the situation. Lastly, it touches on the controversial issue of providing healthcare to illegal immigrants.
➡ The speaker discusses concerns about politicians prioritizing non-citizens over citizens, and criticizes those who don’t stand up for their beliefs. They also mention a peptide that helps with weight loss by reducing appetite and burning fat. The speaker then talks about financial issues, including the failures of two big companies and problems in the banking system. They also discuss the changing advice on investment portfolios, with some suggesting a larger percentage should be in gold.
➡ Jeffrey Gundblock, known as the bond king, suggests a 25% allocation to gold, which is unusual as he typically recommends no more than 5%. This comes at a time when there’s an unprecedented amount of metal entering the country. Despite some people suggesting that gold and silver are oversold, technical indicators suggest otherwise. The market volatility and narratives pushing people away from gold and silver are seen as attempts to manipulate the market, but these attempts are not expected to work.
➡ The global financial system is shifting towards a new monetary system, with gold and cryptocurrencies like Bitcoin playing significant roles. Countries are moving away from the dollar and integrating into a platform that involves gold and digital currencies. This shift is driven by powerful entities like the World Economic Forum, the IMF, and central banks. The goal is to devalue the dollar, make exports more affordable, and pay off debt, which could lead to a significant increase in the value of gold and Bitcoin.
➡ The text is a casual conversation where the speaker anticipates more events to discuss in the next week’s program and expresses gratitude for being invited back.

There was what’s called a 60, 40 rule, 60% stock, 40% bond. Put it into, into a managed portfolio and retire happy. Now since 1982, interest rates have fallen at a 45 degree angle. Anyone who did that did great, right? Bonds go higher as, as, as rates go lower. Stock market goes up as rates go lower. It was great. Everyone was happy. He came out and said now this is the chief investment officer of Morgan Stanley. He says, no, it’s time to sell half your bond holdings and go 60, 20, 20, 60 stock, 20 bond, 20% gold.

Really. The chief investment officer, Morgan Stanley. Now just a quick break from the program to share with you advanced nerve support. If you’re struggling with pain and tingling in your feet or your hands, you may really benefit from this. They’ve spent over three decades looking for a solution that can be as effective as what they found. They found this tiny little seed that Big Pharma of course does not want you to know about because it comes, cuts them in their profits. But it’s been so effective for people. There’s a doctor, a maverick doctor. Anybody that goes against big Pharma is a maverick and they have found something really effective.

And if you, again, if you were having pain in your feet, numbness tingling in your hands, you really should try this. Go to MyPrimal Life Sarah or use the QR code on the screen or the link below. Again, my primal life sign Sl Sarah. Welcome to business. Game changers. I’m Sarah Westall. I have Andy Schectman back for my Friday night economic review and boy has there been a lot going on. Gold is up by 66% this year and it just had a pullback, I guess it dropped by 5.7% in one day. I think an overall drop of 6.3% and people are all scared.

I just think that’s a small adjustment correction in a large increase over the year and it’s going to keep going up. He’s gonna, he’s talk, gonna tell you, share some information on what the biggest industry players are saying. First time ever in history that they’ve come out and are talking like this. And so you’ll hear some of that and we just talk about also the backdrop of the global economic system. He believes we’re already in the new system and what does, and how do you diversify yourself and protect yourself against whatever’s coming down? Because we do.

The United States and the world is really unstable right now and things are moving in a very strong gold backed and crypto backed Fashion. I think both are going on. And what does that mean to you and how can you protect yourself? Number one, I they’re all people are saying you need to get into gold to a certain extent. You need to get into assets that protect your wealth. And gold and silver is one of the best ways to do that. And if you are interested, you make sure you use a company you can trust. So many companies out there have proven to be untrustworthy because they’re taking people’s life savings.

If you have people, I’ve seen it firsthand. I’ve had hundreds of people come in because we’ve been helping people get their life savings back, investing their IRAs in these companies. They’ve take something like a million dollar IRA, convert it to a gold IRA and it’s worth 300, 400,000. It’s because they’re charging you a super high premium. So they’re telling you it’s investment grade when it’s not. When you should be getting gold or silver, that’s very close, maybe a 2% premium. So it means that it should be very close to what you’re putting into it. And then if it goes up by 56%, so if you put in a million dollars and it goes up by 50%, you should have $1.5 million worth of gold.

Some people are still sitting under water with 500,000 of gold. That’s a million dollar swing on a million dollar IRA investment in one year and not even a full year. That’s the kind of fraud that we’re seeing. And you need to check your investments, make sure you weren’t caught up into some of those scams. It is very, very broad and wide and so many people have been caught up into it. So and how you can do it is just go there, find out what you got in value when you purchased it and what they’ll buy has and you might be amazed at how much, how little it’s really worth because they hose you.

If they did, we might be able to get your life savings back. Go to sarahwestall.com Miles Franklin fill out that form and they have had great success in most cases of helping people get their life savings back. Also if you’re in interested in investing your IRA in somebody you can actually trust, fill out that form and you can get access to the private price list. So Sarah westall.com Miles Franklin okay, let’s get into my Friday night economic review with Andy Schectman. Hi Andy, welcome back to the program. Sarah, Good to be here. It’s good to, to be back.

Thanks for having me. Yeah. You had a good vacation which I’m kind of jealous of. Yeah, actually I, it was, it really. I was gone for a long time but honestly I think I worked every single day. I was in a Aruba for nine days, maybe saw the beach literally a total of two hours. It was the craziest couple of weeks of all time. This market is, is, it’s interesting to say the least but you know, a market that has continued to move up and up and up and up. Other than the last two days, which is I certainly think been some form of shock and awe.

It’s been crazy and people are beginning to wake up I think to, to what’s happening around the globe and, and are more concerned about value keeping their, their money in dollars which seems more like a melting ice cube these days than a currency. Well, it’s gone up what 66% this year and then it dropped 6.3% and people are kind of freaking out. But that’s just a slight correction on a massive increase over the year. Totally it is and it in, in many ways however, it’s a very, very, very big move. In fact it fell by 5.7% as you said, it’s the.

Making it the largest one day drop in 12 years. It’s called a, this is a 4.5- Sigma move which is just a fancy way of saying that such a large move only happens one out of every 240,000 days in a normal world. It’s very unusual to what we saw. No question about it. You’re thinking big players did some kind of move to make this happen. It’s not, it wasn’t organic by all the different and little investors. There are some players that did something right. I mean, you know, it’s, it’s like this trader, whoever it was, whichever entity did this, if it were a real trader, they would be fired and shot and probably not in that order because there was a massive and I mean a huge dump of metal, paper, metal onto the market in probably the most inopportune thinly traded market you could ever ask for.

It was certainly not done in an effort to maximize return on what they were selling. In fact, it was quite to the contrary. The interesting thing about it is, is that last night, and this is again after New York is closed in very thin trading, the price of gold gets hammered, falls by, I don’t know, over $100 and silver got smacked as well. But what was very interesting is shortly thereafter there was a tremendous Amount of buying. Now, who those buyers are, I have no idea. But I can tell you that silver actually went positive and gold pared back the majority of its losses.

Now you could call that short covering on older commercial bank positions. You could call that, as Jim Sinclair, my old friend, God rest his soul, used to say, mope management of perception, economics. At a time when, you know, things are crazy around the globe and, and Europe is yelling at us for what’s happening with our dollar with again, we’re seeing problems with the, the, the regional banks and, and all of a sudden we’re beginning to see stress in the system with the overnight repo market all centered around, primarily centered around commercial real estate, but also exposure, exposure to failing private equity firms that are also closely tied to the banks.

There’s all of this stress happening and at the same time we’re getting all sorts of publicity in Reuters and Bloomberg and in all of the mainstream media talking about the allure and the positivity of gold. And I think you have some very large players who don’t like that very much, whether they be trying to cover their positions, whether they be trying to accumulate whatever it is. This was a coordinated drive by shooting in the most inopportune possible time to maximize return on the sale. This is not how normal markets behave and nor how anyone with half a brain, even one brain cell, would sell a position that large by dumping it all at once when New York is closed in an effort to maximize the downside effect.

But there was someone on the other side waiting to scoop up a large portion of it. Again, the physical buying and the paper market are wrestling. And I think it’s very difficult to win this paper game when the physical market is as serious as it is as to take possession in a falling market. Well, when the gold is up by 66% for the year, that’s not, that’s just a small correction. So, but to them it was probably a major dump. I mean, they’re going to have to do a succession of dumps like this. And I don’t think the appetite in the, the environment is right where they’re going to get this to hold.

Well, they haven’t been able to, but you know, again to, to, to see a market that had moved up where we blew through 2000, never retested it, blew 3000, never retested it, blew through 4000 and still yet haven’t retested it, we might to see a pullback of 20%, 30% even within the context. And you’re in as you eloquently mentioned silver up almost 70%, gold up over 60. Yeah. To see a correction is normal markets don’t go straight up no matter how bullish. And there are far reaching consequences for gold going so much higher. The, the, the, the fundamentals behind gold’s rally are only intensifying.

They’re not getting any better. That’s right. That’s the point. You know, when you have a market, Sarah, that’s been established for years based upon paper promises and very little delivery requests, it’s easy to play the game. But when all of a sudden confidence collapses in the promises of delivery and in the future and redemption require a redemption request exceed rolling over the contracts into the future, you have a problem. In other words, people say give me the medal now. And what we’ve seen for the better part of almost three weeks is something called backwardation. And backwardation is something you rarely, rarely see in silver.

What it means is a normal market behaves in a condition called contango. Contango means you buy spot, whatever corn, wheat, oil, gold, silver, whatever commodity spot is today’s price, the futures price, whether it be one month, five months, six months, whatever a year, always is a higher price because it accounts for the cost of money, interest, storage, the time value of money. So the price is always higher in, in very unusual times like right now, backwardation, which, and for an extended period of time and very large for the last few weeks, it’s narrowing a bit, means that the traders right now say, you know what, I want it now and I’ll pay more now than I will out into the future because I don’t trust that I’ll get that metal or that corn or that oil out into the future.

It’s incredibly bullish actually. It just shows that the physical demand is far greater than the willingness to accept promises on paper out into the future. It’s very rare. Something we’ve seen now for about three weeks as well. Yeah, it’s pretty incredible. What do you think the continued shutdown effect is? I mean we’re going on 23, 24 days now of the government shutdown. What, what is, well, how is that impacting? Well, I think one of the things that we’re seeing a lot of talk of and I, I, I wanted to put my glasses on to read something to you here.

That to me kind of underpins the ramifications of things like a government shutdown, but also how dire things are in this country. Before I do that right now, for every 10 people in the United States, one of them is a government employee, five of them are unemployed, and four have productive jobs. That means four out of 10 people produce everything and everyone else just consumes. Now, some of these people are retired and some of them are too young to work, but the point of it is that we don’t have many people pulling the wagon. And when you talk about government jobs, they’re not producing anything.

They, they don’t, they, they, they use the taxes that we give them to do things. They’re not producing anything. The production is what provides the taxes. With that being said, approximately one in three Americans received government assistance in 2022, nearly half of them all being children, benefiting from at least one program. More specifically, currently, about 12.5% of the population receives food stamps. Roughly 20% of that population receives or lives with someone who receives benefits from programs like SNAP, which is a food stamp program. One in three Americans, about 30% of the population, has participated in social safety net programs.

And so basically what I’m getting at is that there’s actually about a 30 or 35% odds and there’s actually sites out there that are quoting these odds that the food stamp program doesn’t get funded because of the stalemate between the Democrats and the Republicans where the Democrats say, we’re not gonna, we’re not gonna refund the government unless you provide healthcare to illegal immigrants. Now, I don’t know, I mean, that just seems kind of silly to me and I don’t want this to turn political, but it would seem it would be more relevant to take care of the people in this country than the people who are here illegally.

The citizens of this country who for whatever reason are less fortunate, but it’s a big number. And Gerald Celente is famous for saying, when people lose everything, they lose it. And God forbid you have a, you know, 12% of, of the country wake up to no food stamps and no in and an inability to eat and, and this, this partisanship is just, it’s gotta end. It’s just been non stop now for so many years. It’s just, it’s disgusting and I don’t know, I think they would push it that far. We people believe, there’s many people that believe that they’re trying to create a civil war kind of environment.

It sure feels that way. If you keep people from being able to get food stamps, that would trigger a more serious situation. I mean that, you know, 100%, 100%, Sarah. And I don’t, you know, it’s like, wow, another job. If they do that. That would be me dropping my jaw like, wow. I, you know, they, there’s always something they keep doing that. I’m like, I, like wow. I can’t believe they took it that far. They did that. I, it would be a while for me. Well, it’s been closed for a while now and you wonder how far they will take it.

And this is, I’m not sure the exact day, but that, that drop dead date for the food stamps. It’s coming up soon and you’re seeing it if you try to travel. TSA has a great shortage and you know, there’s, it’s a very big deal. But the bottom line is, is that, you know, we’re 30, almost $38 trillion in debt, which excludes all the off balance sheet entitlements, Medicare and Medicaid and Social Security, government military pensions. And at some point we can, I mean, we just continue to raise the debt ceiling like it actually is meaningful. It’s, it’s embarrassing is what it truly is.

Our, our fiscal irresponsibility has caught up with us and at the same time, political partisanship has never been more grotesque and more at odds with one another. So yeah, feels like you could when you start to see, you know, ICE agents being shot at for doing their job for the, you know, for, for, for taking people and, and bringing them out of this country when they are here illegally. Now not everyone that is here illegally is a bad person. That’s not what I’m saying. But what I am saying is that there are rules and there are laws and you know, at some point that is what our, our culture is based upon.

That’s why we, we have been the greatest country in the world forever. Because we an equal system of justice. And you know, during the previous administration there was a perception of two tier status of justice. We’ve had immigration laws that welcomed everyone. If you come and do it the right way and all of these things that we’ve talked about, it just seems that half of the government wants to focus on this and half wants to not. And I don’t know how it ends, but it, it’s certainly kind of ugly already. Yeah, it’ll be interesting how it ends.

And I, I, like I said, if they let it go that far, that this person sit will be a little bit shocked because that’s taking it further than I, it’s just, that’s taking it further than I would think that they would take it. But I’ve, they keep shocking me with stuff that they’re doing. Yeah. I mean, one should have nothing to do with the other. And how can we continue to provide health care for people who do not contribute to the system, who didn’t do the right process of immigration? And all the people who come here seeking asylum, how many of them really came here seeking asylum and just took advantage of, of the situation of the open borders? Again, I don’t want to be disrespectful, I don’t want to be cold hearted because there’s always a story of people who have real life tragedies.

But, but the, the fact is, is that we’re, we are doing this now at the expense of, of people in this country who maybe really are down on their luck and are taking, you know, using these, these subsidies to exist. Do you think, do you really believe that half the politicians believe that they want to fight for people who are not citizens of this country and allow the citizens of this country to go without. To the degree the part that bothers me more than anything, it’s that the rest of them who don’t feel that way are too chicken to stand up for what is.

That’s right. And that’s the problem. It’s like during the, during the State of the Union address when you know, the, the child of, of the, the parent that was sitting up there who, who was murdered, you know, the whole, the, the whole Republican side stood up. None of the Democrats stood up or the little boy who had 12 or 13 surgeries of brain cancer and, and, and was given, you know, the, the honor Secret Service badge. The Democrats didn’t stand up. It’s like, where is common decency? That’s right. I don’t know, you know, and, and that’s why I try to say it that I’m not.

Why isn’t there like one that stood up just to show I don’t, you know, at the end of the day, this is kind of cool. Let’s cheer on this little kid. It’s like, what the hell. Just a short break from the program to share with you an amazing peptide to help you lose weight. It’s stronger than Ozempic. And why? It’s because it not only reduces your appetite, but it also burns fat. These other GLP1s on the market, they do not burn fat, they just reduce your appetite. This one retatrutide is stronger. It’s considered a next generation peptide because of that.

And man, does this work. I’ve been using it for two and a half weeks and I’ve already lost 11 pounds and I cut my dose in half because I was losing weight too quickly and that kind of freaked me out to be honest. And so I also am taking this 5amino 1 mq in capsule form. This helps by making sure that you lose fat not muscle. And so in conjunction I’m using both of these. This will work whether you have this or not and I am telling you it’s amazing. If you are interested in getting this I have the link below or you can go to sarahwestel.com on the shop.

You can use a coupon code code Sarah to save 10%. If you have questions about your own use you should either consult your doctor or you can join Dr. Diane’s tribe. And I have a link below to that. It is only a dollar for the first week. You can ask her any question you want and get all your answers to this. How to take an injectable and there shouldn’t be any fear in doing that. It is easy and straightforward. Go to sarah wessel.com under20shop or use the link below and remember to use coupon code Sarah. Well but that’s, and that’s, it’s that ideology that is now creating a, a stalemate in reopening the government and there are consequences for that, real life consequences for that that I don’t know how this all plays out but as you have all of these things happening I do believe that my friend Jim Sinclair used to say mope management of perception economics.

I do believe that there are powers that be that didn’t going to the moon in the face of all of this chaos and a government shutdown. And you know it’s now you have because of. I’m going to give you the names. I don’t think we’ve talked about them and we don’t need to right now but there were, there were two failures recently. Two big failures. One is called First Brands auto parts supplier and the other is called Tricolor Auto subprime auto lender. And these are not isolated failures. These, these, these big, big companies failed but they’re very, very the private equity and, and they’re very much tied to the banking system and the private equity firms that are way overextended and, and like providing loans to people who have no credit or bad credit and they’re way underwater.

Yeah it’s private equity but they’re also have deals with the regional banks and the regional banks are now massively exposed to on top of all of these commercial real estate problems we’re beginning to see more problems in the, in the regional bank system. And so all of this lending that’s been going on to the overnight repo market lately has been done through, done so through overnight lending of subprime real estate bonds instead of treasuries, which is the normal behavior when you see something like that happening the, the overnight repo market. Think of it like a pawn shop and, and normally they use high quality federal U S Treasuries where I’m going to give you, I’m going to give you my MasterCard and, or I’m going to give you something of great value, this gold coin.

And I want, I, I need to borrow the money overnight. I’ll, I’ll buy it back from you the next day at a little higher rate. And that’s to get the liquidity that I need right now because I, I’m short on cash, but I have an asset. Well, now they’re using subprime crap that is underwater, whether it be in, in commercial real estate or residential real estate. That’s like pawning, stealing your wife’s wedding ring without her knowing because you pawned everything else and saying, I promise I’ll buy it back the next day. There are problems in the banking system, bad ones, and they’re starting to manifest again.

And I think all of these things coming together at once. There are some entities that didn’t want the continued realization that gold has taken off and the mainstream acknowledging it. And I want to talk about four or five things that I’ve never seen before in this industry ever coming out of the mainstream. What are you hearing? Yeah, give us some of these. So you know, if you were to ask your financial advisor, my whole career, how much gold should I own? You might get 5% and the rare bird would say no more than 10%. Right? And, and that’s been my whole career, 35 years.

But I want to put things into context for people who have, who are a little freaked out right now about the pullback in gold and silver. Now, over the last several weeks, maybe three or four, I’ve seen four or five things that I have never seen and never thought I would ever see. We’ll start with the chief investment officer of Morgan Stanley. Three, maybe four weeks ago now, forever on Wall street there was what’s called a 60, 40 rule, 60% stock, 40% bond. Put it into, into a managed portfolio and retire happy. Now since 1982, interest rates have fallen at a 45 degree angle.

Anyone who did that did great, right? Bonds go higher as, as, as rates go lower, stock market goes up as rates Go lower. It was great. Everyone was happy. He came out and said, now this is the chief investment officer of Morgan Stanley. He says, no, it’s time to sell half your bond holdings and go 60, 20, 20, 60 stock, 20 bond, 20% gold. Really? The chief investment officer, Morgan Stanley. Now here’s another one, Michael Hartnett. Michael Hartnett writes a newsletter. He is a massive institutional trader for bank of America. His newsletter, I don’t know how many times it’s at least $10,000 a year and it is only going to institutional level.

People pay $10,000 a year. Oh, it’s huge. 10 grand to get his newsletter or more. I don’t know how much it is, but it’s at that level. And it’s, he’s closest to the tip of the spear. He said, no, no, no, no. It’s 25, 25, 25, 25, 25 stock, 25 bond, 25 short term treasuries, 25 gold. This is the head guy at bank of America. Wow. You, you have Jeffries. Now Jeffries is, they used to be prudential based, used to be a primary U.S. mint distributor. And for all of the major wins of the world. And they nominated Miles Franklin 20 years ago to be an authorized reseller.

Jeffries means a lot to me because Jefferies took over and it became Jefferies Beige. And I used to work very closely with them and they know metals very well. They were primary distributors for all of the major mints and refineries in the world. And about seven, eight years ago they closed that division. Yet they still know gold as well or better than anyone. And their head trader says gold’s next stop. Not the only stop, but we’re looking for 6,600 on gold. Now maybe the craziest one. When are they thinking that 6600 is going to hit mid-2026? And another trader at bank of America said by 20, mid-2026.

He sees silver their new, their new level for silver. Bank of America is $66 with 56 being the average cost. Maybe the craziest one of them all is Jeffrey Gundblock. If you look up Jeffrey, he’s known as the bond king. He’s made his entire living and fortune and name as selling bonds on selling bonds. And he just came out publicly. And so the 25 allocation to gold is not overweight. So you have traders or, or people who are speaking to the highest level traders and institutional investors on the planet who are saying 20 or 25% gold allocation when they’ve never said more than 5.

Now when you put all that together with all the metal that’s coming into the country at a level no one has ever seen before. Never seen before. I would say to you that there’s far more at play here than this being a top. There are banks that are massively short paper and they may be sold the. Because remember I said they smacked the crap out of it and all of a sudden someone bought a ton. What are they buying? Are they buying the physical? Are they buying the physical to cover their short positions, to be in position? Are they trying to knock the wind out of the mainstream and get all these guys like Jim Cramer saying, yeah, that top, it’s the top.

Or, or the, all the talk about, you know, sell gold, buy Bitcoin, you get all this narrative to push everyone away from the attention that gold and silver and rightfully so have had. Do people still listen to people like Kramer? I’m. Well, I’m sure they do. He’s still on air. Isn’t that crazy? I don’t know why, but yeah, he still has the creamer with the Kramer index because he’s so bad. Take the opposite. Take the opposite. If you do that Kramer, you do way better than if you do. Yeah, you would have been better off following Paul Pelosi.

Oh yeah, well, Jim Cramer. Paul Pelosi is supposedly the best investor ever. Yeah, of course. So no, I just want to try and put things in perspective and I think this, this is a time where things are, are going to become more and more and more volatile and this is a byproduct of it. And they want you to believe the narrative that you know, that gold and silver are, are well oversold. The funny thing is, is from a technical indicator they are not oversold anymore. They, the gold had been oversold since August. It’s not. And now it is undersold.

Technically we’re still within above a 200 day moving average. Technically we have yet to see any lower lows. This is just a healthy correction and a scary one and a big one. But when you see it happen at a time when no rational trader would do it that way, if you’re going to dump that kind of volume, you do it when the market has the most liquidity. During New York trading slowly over a period of hours or days or longer, you don’t dump it all bang, pour it onto the market when it’s the most thinly traded, where it is done for effect.

And that’s exactly what has happened. Problem is most people don’t see it, it didn’t work. It’s not gonna work. It’s because the environment. There are a lot of people that are freak. You’d be surprised how many people called me and said, should I sell, should I sell people? People are act on emotions, so they’re gonna, they’re gonna do some of that, but it’s not gonna work. What do you think, Andy? I mean, I’ve been talking to you for a long time and you’ve been talking that this is going to happen. And you know, you keep talking about how this and now we’re in the middle of it and it’s actually frickin happening.

I mean, when you sit back, are you like, wow, it’s, I was actually right. You know what I mean? You know what, it’s an interesting question. I get a lot of emails and people saying things like, you’re the time traveler, you’re a prophet. And you know, at first it’s, it’s kind of like, shucks, geez, you know, thank you. And then you start to think about some of those things my wife said to me the other night. And this is not meant to, I’m not trying to glorify myself in any way. She says, what if you are a prophet? And I’m like, come on.

And I’m not, I’m not. I’m just simply saying it’s really almost frightening to me because I’ve spent To your point, I’ve done 6,000 YouTube videos where everything I’ve said has been documented for the world to see. A lot of it has happened and I’m just a dude who maybe looks past the conventional wisdom of things and looks a little bit deeper and reads and digs and tries to, if I have one strength, it’s, it’s, maybe it’s seeing so many things and not looking at them as independent, looking at all of these things as part of a bigger picture.

And then for me it becomes much more clear. I thank you for saying that. And it is weird. And I don’t know how there’s any way of even saying without, without sounding conceited. I’m not, I, I, I, it freaks me out. Well, you’re not like some of those prophets that are a person that you don’t want to go there because it’s stupid. But if you’re really, I’m not. You’re really engaged. What the pro. The thing is, is that you’re really smart, you’re really in tune to your industry and you’re really, you were seeing all these Things and communicating it.

And it was true, it was right. You were just right because you were communicating what the truth was and the truth laid out this path. But it’s. So let me give you a point, let me give you an example. Because a lot of the stuff that I publicly said had nothing to do with my industry and a lot of people thought I was nuts. Okay? I don’t know how many Years ago in 2019 I talked about the Belt Road Initiative, right? And that was kind of what got me down this path of dollarization. And when you look at the Belt road initiative, it’s 75% of human population, it’s largely under underdeveloped countries that are resource rich that are now being connected through with China’s effort to bridge all of this through bridges and roads and, and railroads and maritime channels and whatnot.

The significance of it all of these years later is that the BRICS bridge program that you and I have talked about, M Bridge, which is the cross border payment system that everyone just focused on it being the bricks. And I brought up the bricks in 2019 before anyone was talking about it. And the pushback has always been the bricks aren’t big enough. They’re not, no one trusts them, blah blah, blah. And I always said gold would be the anchor to that. Well, it is appearing very much so that gold is becoming the anchor to that system.

I’m going to get to the, to the Belt Road part in a second because we’ve now seen a couple things that are putting all of this together. China has internationalized their yuan by now, making it immediately convertible into gold like that without having to convert to dollars first as they always have. Number two, the Shangh Metals Exchange is building and has already constructed one and now the second one, vaults throughout the Belt Road Initiative. The first one they built, however, was in Hong Kong, the duty free zone, where if you are a country who trades with China over Enbridge, which I talked about years ago, the cross border system, free from swift.

You have the ability to take those digital you want and immediately send them back and receive gold for it and take possession of it. Well, guess where the second vault is being built right now? In Saudi Arabia, who was a fifth member of Enbridge. And so all of these things are beginning to connect. And they said we’re going to build these vaults all through the Belt Road. Well, what does that mean? Here’s what it means. The significance of what I saw, and maybe I didn’t see it this way, but it’s all coming true is that The Russian Minister Sergey Lavrov has publicly said we are now opening up not only the Enbridge which is central bank to central bank trading, but also BRICS pay which is retail business to business or consumer to business.

Right now it’s all being integrated and opened up through the Belt Road. So you have 75% of human population using a new system that is free from dollar intervention, that will settle in balances in gold. They will trade with one another in their local, local currencies over the enbridge. Now this may turn out to be the biggest development of all of our lives as it will challenge the hegemony of the United States in a way nothing ever has. Not only go ahead, I would say not only are all the trades and all of the infrastructure and everything being done in local currencies, but instead of putting excess reserves into Treasuries the way that most of the world has done for all of these years, it’s now going into gold.

So one replaces the settlement status, one replaces the reserve status when you add it into bricks. And all of the countries that have integrated into this new platform alone right now, now you’re talking the 90% of human population that is moving away from settlement and reserve status of the dollar and the Treasury. It’s real and it’s happening right in front of us. What’s real? And I would push back a little bit and say this is your industry and the people who only see gold as mining and I don’t know, narrow minded gold is a big part of the global economic structure.

And what you saw is that’s, that’s, you saw that and I think that’s what sets you apart. You’re more of a global finance guy versus just a gold guy because gold really is about global finance. And when you look at bricks and you look at what’s happening with the global reset, you can’t ignore the fact that the most powerful people involved in the World Economic Forum and the IMF and the central banks, all of these guys are involved with brics. I don’t know about all of them with brics, but they’re all involved with this global reset.

And a large number of them are that are both involved with the World Economic Forum, are also involved with brics. You can’t ignore that if you’re going to be paying attention to the global financial system. And gold is a big part of the global financial system. The problem is that so many people in your industry, just like every industry, can’t see what they’re really part of. Yeah, and to me, it’s the why that matters. The what is is the irrelevant part. A lot of people maybe won’t even listen to me because I own a gold company and I’ve tried to, to, you know, really hard to lead by example that say you can be a good person, you can provide a service, you can work really hard to help people and still run a business.

Yeah, everyone wants to make money, but, you know, what have you done to contribute? And I put my name out there and have for six years now to, to in immense, you know, the way, understand the, the, the, the benefits and the drawbacks of being out there, the way that, that you and I, I are, and I appreciate it. And I’ll simply say this to you, I’ve never, ever been more convinced in, in my career that we have entered a new monetary system. We’re there right now with the passage of the Genius Act. You know, Tether, if you look at Bo H, he’s the CEO of USA Tether, I believe that’s his last name.

He was. Trump’s cryptos are until August. Every single time we move money from now on, once it’s implemented or very close to it being finally implemented, it will be backed by stablecoin. And just like that, it will settle. So it’ll be like Venmo or Zelle whenever you’re paying anyone, but anytime you do any type of movement of dollars anywhere in the world that’s using dollars, they will be backed by stable coins issued by companies like USA Tether. Now, USA Tether was just at the Beaver Creek Mining Summit recently, the biggest mining summit here in the United States.

They’ve already bought over 8 billion in gold held in Swiss vaults. And when we use these stable coins, there’s interest attached to the, to the Treasuries that are backing it. But when you spend the stable coin, the stablecoin gets burned. The interest in the treasury doesn’t burn. What they by law have to do is buy more Treasuries to push interest rates down. And they’re buying gold and Bitcoin now. They’re buying gold to devalue the dollar. That’s what it’s ultimately about. And to build the asset base of gold, but to devalue the dollar to make exports more reasonable ultimately.

And the Russian finance minister just came out and said they’re going to screw the world. They’re going to put all the debt into the cloud and do it that way. Well, what he’s saying is they’re going to use the synthetic demand created through the stablecoin issuance of moving money around and put part of the proceeds into bitcoin to push bitcoin way up to pay off the debt. Now does that mean a rug pull is eminent? Maybe. I don’t know and maybe some people would disagree with me. I’m just saying I believe that’s what they have intentions of doing.

Valuing the dollar and paying off the debt. You think bitcoin and gold are going to both skyrocket? I do. The point of it is, is that I, I could make an argument and I don’t want to fight with the bitcoin crowd because I, I’m not a bitcoin guy but I think we are stronger together than apart. I could see gold going to a level that no one ever thinks possible and never coming back down because the brics are going to use it for a common settlement feature where they settle in balances between local currencies and trade imbalances and gold through all of these multi jurisdictional vaults using a digital system.

Bitcoin on the other hand, I think they’re going to let it go higher than people think possible and use it to pay off the debt. Now does that mean a rug pull? Maybe. Does that mean what is the future for it? Don’t know. XRP and some of these other ones. Xlm I don’t know. I’m not, I’m not the right guy to ask and I’m. And I just think that the one common denominator between the gold community and those, you know, you’ll find it’s interesting the bitcoin people don’t usually get along with the XRP people and vice versa.

The, the one thing that I’ve tried to do is bridge the communities. I speak at the XRP convention. I’ve had Natalie Burnell who is Bitcoin and Mark Moss on my show Bitcoin and I’ve been on lots of shows where it’s XRP only and bitcoin only not because that’s what I believe in but because I think we all see the world in a very similar light. That there are big problems here in the United States with monetary and fiscal problems and irresponsibility and, and bigger problems geopolitically, morally, socially. All the stuff we’ve talked about and covered and the thing that I think is silly is mutual exclusivity.

You know, you wanna. Someone once said to me who I, I valued his opinion a lot. He said to me this was a man named Jean Pierre Louve and it had to do with the Swiss investment program I was in. And after talking with him for a while, I said, Jean Pierre, there’s virtually no diversification in this whatsoever. You know. And he says, you know, Andy, diversification was a tool created out of fiduciary responsibility by financial advisories. He said if you are a diversified individual, you are the best of the worst or the worst of the best.

Very often things don’t move in harmony. He said the way to win and Richard Russell said the same thing is to identify the primary trend. Now in Minnesota, the primary trend of the Mississippi river starts up in northern Minnesota and flows south. So he would say you jump in with both feet, plug your nose and go underwater. You go in hard, but you diversify within the primary trend. You can be diversified into precious metals, Bitcoin, altcoins, farmland, agricultural ETFs, oil and gas. You are broadly diversified within a primary trend. And so what I’m saying is that we’re more alike than we are apart.

And to, to be divisive with one another instead of cooperative and listening to other people’s viewpoints is something that is lost in this. And, and you never grow if you never, if you never listen to other viewpoints. So I’m not at odds with them, but I don’t follow it the way I should. Just trying to bridge the gap a little bit and say, hey, you know, if you make some of profits with these, these cryptos, Bitcoin or xrp, consider taking some off the table and putting it in 6,000 year old wealth instead of hedging all of your your bets on, on technology that’s barely a teenager now you know, people want to invest in XRP and Bitcoin, go for it.

Well, you need, you can’t put it all. If you’re going to be putting all your investments in crypto, you’re making a mistake. I think you need or all in gold, same mistake. You need to diversify for certain. Well, okay, Andy, I wish I had my vacation like you. Your kids didn’t get much. You didn’t get their dad, but did they care? I mean do their kids Are your kids at the age where they give a crap? My kids weren’t even there on this vacation. That was my wife and another couple. Oh, you didn’t get to take the vacation? No, no, I, I saw the inside of the hotel room non stop.

But you know, look, when you’ve been doing stuff as long as I have for 35 years, you know, when it’s time to do stuff like that. So there’ll be another vacation? Let’s hope. Yeah, let’s hope. Okay. Well, good. Well, thank you so much for coming back to the program. We’ll have you back next week, and I’m sure there’s going to be a whole bunch of more stuff going down because. Holy. There will be. There will be. And I always look forward to it. Sarah, thanks for having me again. Okay, talk soon. Bye. Bye. Sa.
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