Vietnam Shuts down 86 Million Bank Accounts The Fourth Turning more w/ Andy Schectman

➡ The text discusses a product called Sloop that mimics exercise and has shown promising results in preclinical studies, increasing endurance and muscle mass while reducing body weight. It also touches on the importance of freedom and critical thinking in the face of societal changes and censorship. The text also mentions the shutting down of 86 million bank accounts in Vietnam due to lack of biometric data, suggesting it could be a test for future global implementations. Lastly, it promotes a company called Miles Franklin for gold and silver investments as a hedge against dollar devaluation.
➡ The article discusses concerns about the increasing use of digital IDs and biometric updates in countries like India, China, and the EU, which could lead to less privacy and more control by central authorities. It also mentions the potential for these systems to be used for surveillance and control, regardless of whether the intent is modernization. The article also covers social unrest in Nepal, where the government’s ban on social media platforms led to violent protests. Lastly, it discusses the concept of the “fourth turning,” a cycle of crisis and rebirth, suggesting we are currently in the crisis stage, which could last until the mid-2030s.
➡ The discussion revolves around societal changes and the evolution of values over time. It highlights the shift from traditional values like hard work, family, and faith to a more modern, technology-driven society. The speaker expresses concern over the loss of these values and the impact of technology on the younger generation. They also discuss the need to return to these core values, albeit in a more evolved form, to maintain the country’s greatness.
➡ The U.S. government and central banks are investing in gold, bitcoin, and critical minerals like silver and platinum, which are essential for defense and advanced tech. This is part of a strategy to devalue the dollar, lower interest rates, and bring back manufacturing at a zero borrowing cost. The government is also in talks with Orion Resource Partners to set up a $5 billion fund for critical minerals projects. This investment, along with the reclassification of silver and platinum as critical minerals, suggests a potential for massive growth in their value.
➡ The text discusses the potential economic downfall of relying on the dollar, as it is predicted to devalue. It suggests that gold and silver are becoming more important in understanding macroeconomics. The text also discusses the challenges young people face in buying homes due to high prices and the need for lower interest rates. However, it warns that lowering interest rates could lead to further economic problems, as it did in the past.
➡ The article discusses the negative impact of lowering interest rates on the economy, particularly on the real estate market. It argues that lower rates increase house prices and debt, as more people can afford homes, leading to higher demand than supply. The author suggests that raising rates could help balance the real estate market, despite the potential short-term pain. The article also warns about scams in the precious metals market and emphasizes the importance of trust and transparency in financial transactions.

Could this be used as a funding mechanism for terrorism since you’re doing it through so many different countries? He said, look, all of this software is, is equipped with kyc, AML and KYT capabilities. Know your client anti money laundering and know your transaction. So the on ramp and the off ramp is being in essence gated even through these. And so it’s, it’s certainly more soft. Quick break from the program to share with you something amazing. This is called sloop. It’s actually Slupp 332, but it’s been shortened to Sloop. And this thing mimics exercise. It seems too good to be true.

I first shared this on my substack and I had Dr. Diane Kaser and we went through all the benefits of this and the whole thing sold out. You can’t get it anywhere really across the industry and the people who are using it the most are athletes and bodybuilders and people who want to see extra performance in athletics because. Because this in preclinical studies with mice increased their endurance by 70% and their distance by 45%. I mean, it’s incredible. And it’s been shown to mimic exercise even when you’re at rest. In preclinical studies with obese mice, they lost upwards of 12% of their body weight in four weeks and it increased muscle.

So this is really taking the industry by storm. It’s actually not that expensive either. With my 10% coupon, it’s about $80 for maybe a two month supply if you take one capsule a day. If you decide to up it to two capsules a day because your dosage depends on what you want, then it’s a one month supply. But Dr. Diane recommends doing one capsule a day until your body gets used to it. You might not see the same level of results right away that the mice in, but your body can get used to it and see if it’s something that you really want to do.

If you are interested in this, I will have a link below so you can try it yourself or go to sarah westall.com under shop. Remember to use the code Sarah to save 10%. Welcome to Business Game changers. I’m Sarah Westall. I have Andy Schectman coming back for my Friday night economic review and boy, we have a lot to talk about every single time. It’s because things are changing so much right now that every Friday I have so many things and breaking news essentially that we can discuss from an economic standpoint to the point where I could probably do a show every day.

On this. And I. It’s. It’s really incredible. And you’ll hear some of the things that are going on around the world, including 86 million bank accounts that were shut down in Vietnam because they didn’t have proper biometric data on file. So this is being implemented worldwide. I think the United States is a little safer because of our Constitution. We are shielded for a while, so we have to push back like no tomorrow on making sure that we preserve our freedom. Some people will want this, but others don’t. Right. Part of freedom is allowing the people that want it to have it and the ones who don’t to not have it.

There’s choices in the marketplace, and those who give you those choices benefit based on who wants what right. And I’m all about freedom. So we just need to preserve our freedom. Unfortunately, not everybody sees freedom as something of value, which is what our fight today is all about. We’re watching the censorship heat up on now. The. The right is trying to censor the left, you know, part of us, you know, who. I’ve truly have been censored, you know, some of the people who really haven’t been are the ones who are the biggest, biggest advocates of censoring the other side.

It’s like I’ve been really censoring. So part of me is like, well, the people who they want to censor are the ones who’ve hurt me the most. And. But I still would fight for their freedom because I think freedom in itself, the right to speak. At the same time, we need to be shutting down these suicide groups, the grooming of children, you know, these really destructive things on society that is not legal. You know, we should or is very mentally unhealthy. But we’re shutting down people’s opinions. We’re shutting down real news. We’re shutting down studies of professionals.

That is a society in decay. That is a society that has completely lost its way and everything is inverted. And we won’t get back to anything that’s civil and start to rebuild until we start to reclaim those values. Think it’s that basic? I just did a couple talks over the last week. It was perfect timing. When Charlie Kirk was killed, I was on the road doing talks, so I wasn’t able to really cover it. But it’s given me time to reflect on what’s happening. And to me, it seems like a one big operation. And I think the important thing for people to realize is that when you are fearful and you lose your critical thinking skills, when you’re emotional, you Fail to be, be able to think critically.

That’s why your emotional IQ is more important than your IQ because that’s what determines your ability to wade through things. And they know that when you are, that’s why terror works so well. You get the population to be fearful and they’re very easy to be manipulated. You get them to be emotional and not thinking you can manipulate them. And so it’s the eq. Your emotional IQ is extremely important in times like this, especially for yourself and your family. If you’re going to make good decisions, you need to be able to put your emotions in check and be able to think clearly and self reflect.

Think and say, am I acting emotionally here or am I thinking with my best critical thinking skills? That’s an important skill to have. It’s really a skill right now. And working on that is important for your family and for your future. So I want to remind you I have Miles Franklin is one of the safest, most trustworthy companies there are. We’re going to be talking about why gold and silver is. I mean, gold’s went up by 45% they’re sold this year and the dollar has lost 11% over the years. So if you’re saving things in just dollars versus gold, you see a 50% swing in your value of what you’ve just been saving.

I mean that’s, you cannot deny the how much better off you would have been having it in gold versus or silver versus having it in dollars. And that’s probably going to accelerate. We don’t know, we don’t know the future. But surely over this last year that has been the case. And it’s best to hedge your bets and be diversified. If you’re not diversified, you’re not paying attention. And if you want to go to somebody that you can trust, I mean, I think it’s been proven through all these IRA scams we’ve helped hundreds of people. Now you can trust Miles Franklin.

They’ll give you the best prices in the industry. So you can go to sarahwestall.com Miles Franklin and you get their special price list and you can trust them again. Sarah Westall.com Miles Franklin I also want to tell you I just got done speaking at Team America. It’s Jeffrey Pre’s organization. I was there with Kathy o’. Brien. What a wonderful, beautiful person she is. Holy crap. I am so glad I got to meet her. But my talk will be available on my substack. I also have a substack exclusive that I did with Mike McCormick. McCormick, the former White House stenographer.

He has inside information he saw firsthand. He, he was the official stenographer for Biden and Obama, and he was there for 14 years. So he served multiple, you know, four presidents. So he got to see things that no one else was. I mean, he just followed them. So he saw all sorts of things. And so we have. I, that was a really refreshing, validating conversation because my reporting and some of my investigations into Ukraine and things that I did kind of was validated by this conversation. Again, you can go to sarah westall.substack.com and I’ll have the link below where you can find that interview as well.

Okay, let’s get into this conversation with Andy Schectman from Miles Franklin. Hi, Andy. Welcome back to the program. Hi, Sarah. Good to see you. Sorry I’m so informal today. We’re adding new cameras into our studio, so you don’t have to apologize. I like it, actually. It means, okay, let’s get down to work. Let’s roll up our slee. Get some. My sleeves are always rolled up. Yeah, absolutely. I like it. Okay, we have a lot to talk about today. We have. Gosh, I can’t even. It’s almost, I mean, it’s just incredible. You know, we’ve been warning about this, and now it seems like what we’ve been warning about is here.

Yeah. You know, the. Let’s talk about the 86 million bank accounts that were shut down in Vietnam due to lacking biometric data. To me, that sounds like it’s a test market for what is to come. Yeah, I mean, I think it is, very much so. When you see 86 million plus accounts being terminated or frozen, it to me is very concerning. I think that this is, to me, you know, look, the mandatory biometric update, which we’ve seen in other countries, it’s happening in India, it’s happening in China. You’re seeing the same thing with the EU digital identity wallet, Canada’s digital ID products.

You’re. You could argue you’re kind of seeing the same thing, maybe the seeds of it anyway, when we talk about President Trump wanting to have digital ID in order to vote. Yeah. So that’s a big deal. It really is a big deal to me. What it does, it, it seems like it’s an entrance or a foray into the surveillance state. And whether their intent is modernization or control, the effect is the same thing. You have less anonymity, less autonomy, more dependency on the central authorities to access your own money. And I think it’s a Scary trend.

I think it’s a trend that you will see happen all over the world, including perhaps even the United States. As much as I hate to say that, the possibility of it happening I think is stronger every day. When you talk about a cbdc, we’ve seen they voted against that. Great. But when you talk about every legislation of the stablecoin industry will allow the on ramp and the off ramp of these stablecoins to be monitored. And when you look at the technology, I mentioned this to you perhaps last week or two weeks ago when we talked. I was watching an interview with a gentleman who, who is the man behind the technology of BRICS Pay, which is a B2B retail thing that’s going out not only to the BRICS countries but across the belt Road.

It’s 75% of human population and it’s free of swift intervention. And they asked him, they said, you know, could this be used as a funding mechanism for terrorism since you’re doing it through so many different countries? He said, look, all of this software is, is equipped with kyc, AML and KYT capabilities. Know your client anti money laundering and know your transaction. So the on ramp and the off ramp is being in essence gated even through these. And so it’s, it’s certainly more soft than it is. Well, the soft has to be though. Well, yeah, the soft has to be because the United States, we have a unique constitution which gives us some freedom.

And so they’re going to have to sell it to us to get us to use it. Right. After massage things to get. Because our constitution does protect us to a certain degree. Right. And I think that’s really the takeaway here is that it’s, it’s, you know, it’s like the title of my podcast, Little by Little speaks to the term logarithmic decay. Little by little by little by little by little, then bang, all at once. And the best way to describe it, I think that you’ll understand really sincerely, is, is cancel culture, you know, and censorship. Five years ago, six, seven years ago, censorship was, wasn’t even a thought.

It was free speech everywhere, right? And then as we entered the pandemic and watched that little by little by little start to, to find its way into the system, then bang, all at once it happened. Now we’re starting to see, thank God, a pushback from it. But even a YouTube video that I did that, that mentioned the, the new world Order in the title was censored or flagged and we got a strike on YouTube and then they the algorithms totally killed it. Well, get ready for that. It’s a conspiracy theory. Evidently I’m kind of, I’m waiting for.

Because everybody who’s up there for any length of time that’s really doing good work, authentic good work gets censored. I don’t know anybody who isn’t. Yeah. Okay, so more things going on. Nepal. Okay. We had students, a couple dozen students being killed, some still in uniform, meaning they’re pretty young and they’re, they, they’re outraged. I don’t know what is actually backing it. There’s questions on some sides, but the prime minister was ousted and, and the finance minister was hunted down, attacked, stripped naked down to his underwear and thrown over a ledge into a nearby river. There’s a video of him that happening.

I vetted it, make sure it was real. Because I was like, okay, let’s make sure this is real. It’s real, it’s real. And what I’m hearing, the economic data that’s coming out is showing that the unrest, this is what Armstrong’s economic data is showing is the unrest is growing in all these countries to levels that are showing this, this kind of revolutionary behavior in other countries is sweeping the world. Well, you know, I don’t know if it had something specifically to do with the finance minister or not. In, in scanning the story that you alerted me to, and thank you very much for that, it looks as though the government banned Facebook, Instagram and YouTube.

Well, that’s like, that’s like taking, you know, the keys away from your 16 year old car. Kids get a freak out. Or the phone, even worse yet, take away their phone and it’s censorship on steroids. Here we go, censorship again. And Gen Z saw it that way. Attack on freedom. And you know, the frustration, I suppose, turned into violence, turned into the minister being assaulted and businesses being burned. These days, Sarah, it just seems like social media is daily life. I mean, it is for. I got, I have three kids. My, my oldest is 25 and he’s not real.

I mean, I guess he is. He’s. But the other two, my two younger ones are, you know, they don’t communicate like we used to do. Everything is a Snapchat or an Instagram or. I mean, how about pick up the damn phone and call? I would say to my kids, but they don’t even know you put all of. They don’t even think, well, that’s. Yeah, you know, those are great. You know, those late night calls with your, your boyfriend or your girlfriend until, you know, three in the morning and it’s not like that anymore. But I guess if you, if you put, you know, the energy that these kids have along with the perception of corruption and anger, it’s, it’s a very explosive mix.

And you wonder, you know, TikTok, Facebook. I don’t even think kids really use Facebook anymore. But you take away Tick Tock and Instagram and Snapchat and these things along with heavy handed policing of it, sure, unrest could escalate fast. We saw this happen during the George Floyd riots. We saw this happen all around the country with these kinds of riots that are certainly exacerbated by social media which allows information to proliferate throughout, you know, the ecosystem in a stamp of the finger, lightning speed. All this stuff is going on. So they can. Well, this is the fourth.

It’s a double edged sword. It’s a double edged sword though, because they can use it for manipulation purposes too. So those with the most resources and knowledge of how to manipulate have a lot of power. Yeah. And the fourth turning. I’m just typing something in here. Let me just see the last part of the fourth turning, which is very interesting in the. I’m going to read it here. Breakdown of the fourth Turning. Crisis begin. Institutions weaken, trust collapse. Problems mount. Escalation. Events intensify. Wars, economic crashes, civil unrest, authoritarian swings. Climax is the peak of the crisis.

Usually a decisive conflict can be war, revolution or systematic collapse. And then from that you get the resolution and the rebirth. Out of the chaos, a new order emerges, rebuilding institutions and values for the next cycle. If you read the book by Strauss and how the fourth Turning, it’s, it’s scary as, pardon my French, as. And it’s very interesting and it basically says that, you know, there are four cycles that typically last a lifespan and by the time you get to the fourth cycle, those that were in the first cycle are already dead and gone like the World War II veterans.

And you begin to, you know, back then you had, you had hope and you had optimism and it grew into something really great and it goes from 1 to 2 to 3 to 4 cycle. How long is this cycle last? This is the fastest cycle. Is it the shortest? I don’t. Well, let me just ask real quick, let’s ask ChatGPT because how long I did read the book. Relevant. Right. Because the other ones last a long time. I would think this one is still torturous, but I’m hoping it’s 20 to 25 years and it says so, you know, assuming it’s right.

Right. I mean every 20 years. Yeah. And so we’re maybe half into it. Well, he says the fourth turning began around 2008 with the global financial crisis, meaning it could last to the early to mid-2030s. And so, you know, we’re right, we’re getting to that point where we’re getting to the, to the buildup of it for sure. And you can see that I had someone read my horoscope and I’m like, I don’t know how much, but based on my horoscope, it says the suppression of me and my life journey starts to lift and they start accepting it in 2035.

Yeah. Well, there you go. That matches what? Yeah, that would be the beginning of the first turning again, where values have changed and things have change to a degree where now the values that you are espousing are, are rekindled the way they used to be. And if you go back to, you know, the beginnings or back to the beginnings of, of the first turning, it would have been all about, you know, optimism, rebirth, family, faith, hard work, values. Hard work. Yeah. The hard and those values turned in, made this country what it was. Now you get to the end of it and look at all the things that have changed in terms of our value structure.

It’s upside down compared to what it used to be in every way, including faith and religion and family values. The whole breakdown of the nuclear family over the last several years and, and the wokeness and all of that stuff. That’s all part of it. And so we go back and you’re kind of beginning to see a breakaway from the ridiculous idea of meritocracy being usurped for lifestyle that had gotten so crazy it’s still there, but you’re beginning maybe to see that value system start to change again. Do you think society has evolved a lot in different ways? Do you think that we’ll have, as we rebirth, do you think we’ll have a mature rebirthing, meaning we won’t get back to? Because there’s some archaic ways that, you know, I don’t want to go back necessarily where we were, but I do in certain areas.

Hard work, respect, family, but, but in a, in a more, more mature, evolved way, you know, the things that made us better, that we did learn, we don’t want to lose that either. You don’t know what I’m saying. No, I, I, I, I would like to hope so, but part of me feels that the innocence of youth is gone because the, the availability of, of information is, is still massive. When, when we were kids, you And I, Sarah, grew up and very near each other and you know, Midwest values. Yeah, yeah, you’re done, right? Well, that’s it.

You’re outside playing. When you’re a kid, you’re not inside on your phone. You know, if, if one of your friends had an Atari, you know, video game console connected to your tv. It was, it was exciting. We were doing this before computers, before cell phones, before the Internet. I had pawn. Well, yeah, everyone, you know, that was it, you know, and that was exciting, right? Yeah, but that’s the point. The innocence, the information has, has evolved to a point where we could still go back to said values. But I think it, you know the old saying, history doesn’t always repeat, but it rhymes.

Sure, the values are, will be there, but just the, the advancement of technology. The kids growing up right now are growing up in such a different world. I started my company before the Internet. My daughter, who, my middle child, my daughter who’s 21 was born on February 4, 2000. No, four, 2000 boy. 2-4-2004. And that was the day that Facebook came out. And so, you know, it’s, it’s. They grew up in a different world. We’re the last generation that completely grew up without the technology in our everyday life. The next generation started having it at least half of their development, you know, like when they’re teenagers and stuff.

So I don’t think we go back to the same. We need to go back to our culture and our ideals. And that starts with the nuclear family and the parenting. And you look at. So especially in our home state, my home state, my old home state in Minnesota, the, the breakdown of the family values and you know, just Governor Walls allowing children to have these, these changes, these sex changes without notifying their parents and with just one, with one visit to a counselor who becomes, has more right than their parents do, right. You got to be 17 years old to go to an R rated movie.

Got to be what, 18 to buy a pack of cigs, 21 to drink. But you can have a, you know, change your life at a young age without your parents approval. When your brain is only a fraction mature. I mean it. Can you imagine going in there and making a life decision like that? I was an idiot back then, of course, everyone was. I mean, but that’s like your brain, your brain is not fully matured. But it’s not only that. Like my son, my son who works for me, Josh, he’s brilliant. He is absolutely brilliant. He is a savant in mathematics and you know, upper, Upper upper level calculus classes in high school and, but I say to him, you may be smarter than me, kid, but you have nowhere near the wisdom that comes with gray and experiences.

And you see things over and over and over again and you see the same mistakes people make. You have a lack of reference when it comes to life experiences that, that kids at that age. And I don’t mean to get so far off track, but all I am simply saying, to answer your question, I don’t think we’ll ever go back to the world you and I remember. But we do need to go back to our values that made this country really great in order to, you know, to get through that fourth turning. But I would urge people to check out the book by Neil Neal and how it is the fourth turning.

And it’s amazing. It truly is. It’s scary when you read it. Yeah, it is. Well, let’s, let’s talk about Trump. I just listened to him today about the claiming that there’s a 17 trillion dollar investment in the United States. This is the best. By the way, it’s Strauss and how. It’s Neil, it’s Neil Howe. It’s Strauss and how. My bad. Okay, well, maybe I’ll have a link below. Don’t get mad at me if I forget to put the link. Okay? No, that’s okay. Well, Trump, Trump was saying, you know how Trump says it’s the best we’ve ever had in the history of the country.

We have $17 trillion. Biden only had $250 billion worth of investment and we’re just turning this whole country around. What do you think about that? And it’s all of that investments coming into AI and healthcare. From what I understand, it’s the only two sectors that are getting any kind of real investment. Well, you know, I think there, there is a lot to be said about that. The, the issue also, however, is the spending, the irresponsible spending. I’ll give you an example. So we took in 30 billion in tariff revenue in August. Right. And yet the government reported a 345 billion dollar deficit in the month of August and inflation hit its, its highest rate since January.

So when you talk about money coming into the country, sure, that’s fantastic. And that is what we need. We need to bring manufacturing back and investment back into this country. Well, and he’s talking the 17 trillion is, I, I’m going to break this down for people. A lot of that money is coming from terrorists or tariffs. It’s not just from whatever, you know, from an actual Investment from a corporation or something. It’s also tariff investments. That’s what he characterizing as investment. Usually tariffs go to, it’s a tax on the consumer because you know, if a business is, if a corporation in another country like India is being taxed at 50%, you can’t sell your product at a 50% tax.

No one’s got those kind of margins. So they, they pass the, the increase in price on to the end user. To me it all boils down to. More than anything, it boils down to fiscal irresponsibility. You can bring in all this money in tariffs but if you don’t get your spending in order, it’s never going to fix anything. And this all goes into what I’ve been talking with you about that I believe in my soul. You know, just on the very premise that, that we’ve talked about. I believe gold will be repegged to the monetary system backing the back end of the bond market.

We’ve talked a lot about that. And when you look at what tether has been doing lately, Tether being one of the biggest holders of U S Treasuries, they are the, they will issue all the US dollar based stable coins or, or they are huge in it. So every time a stable coin is issued they’re backing it originally with U S treasuries and dollars, but now they’re taking a massive position not only in physical gold but also in gold mining. They were just at the big precious metals conference in Beaver Creek and they are dealing, going directly to the miners to have big investments in the gold miners.

So think about the three things that they’re buying when you create that. So these stable coins, that interest that comes off the treasuries that are backing the stable coins, the consumer doesn’t get, Tether does All of that profit they are taking and they are buying bitcoin and they’re buying gold and now gold mining. So think about what the three do. Buying the, the synthetic demand for US Treasuries through all these stable coins and the genius act will push interest rates low on the front end of the curve. That’s exactly what they want. Taking the interest that is not given to the people who own the stable coins but it’s given to Tether.

They will buy gold and bitcoin with it. Both will go massively higher. Which does what? It devalues the dollar. They want a devalued dollar. Steven Mirren who took over for that spot in the Federal Reserve who was just confirmed he’s going to stay there longer. He is the architect of the Mar A Lago accord. The whole thing is about devaluing the dollar. All this investment coming into the country. He wants manufacturing back. So the last the puzzle is letting gold go much higher. Pegging it to the back end of the bond market with zero coupon, no interest so that they can take gold backing it instead and bring back manufacturing at a zero borrowing cost at a wickedly devalued dollar.

Now you might have a chance to grow your way out of of this problem. And by the way, I do believe gold is put has a floor underneath it now by the US government and by all the central banks. And I would now say the same thing about silver and platinum. Why would I say that? Because the US government has reclassified them both as critical minerals and the US government is in talks right now. Let me see the name of the company they are in talks right, right now with. I was just reading it today. So they are in a talk with a company called.

Bear with me one second. They’re called Orion Resources, Orion Resource Partners. The government is in talks with them. US government to set up a multi billion dollar fund to invest in critical mining minerals mining project. What is known the US Internal Development Finance Corporation DFC is in negotiations with Orion Resources to create a 5 billion dollar fund for critical minerals project. The US aims to secure supplies of minerals like cobalt, copper, silver, rare earths etc which are essential for defense, advanced tech and reducing dependency on foreign supply chains. So again when you talk about now silver and platinum being added to the critical minerals list you have massive investment coming in and at some point you’re going to see the industrials like Tesla battle the, the investors like hedge funds and, and now the US government to get supply and they’re going to be fighting to get supply in, in what is a diminishing product.

Silver is, is diminishing in nature. That’s why it went from 16 to 1 for 5,000 years to now a 7 to 1. How long can they keep that price down? Because it’s already changing. It is. No. Okay, so like it’s changing. I happen to buy silver. I’m not going to sell. I didn’t. I just started buying Slowly back in 2010 it went, it dipped all the way to $10 an ounce back then. Right now it’s what at 35, 40, right? It is and it’s at 42. Futures are very close to 43. But the reason they can’t do it indefinitely Sarah is because the market has caught on to Them and the, the big money in the rest of the world in particular in, in the BRICS countries has figured it out and, and is standing for delivery across the board.

I’m going to read to you a couple of things here that might help explain just how crazy it really is right now with in London and the LBMA right now. So far, well let’s say so far there has been in the month of August 58 since late August rather in September for the September contract. So far about 60 million ounces has been delivered of silver, 10,550 tons year to date in London where it is known as the global delivery mechanism. They have, they’re trading minimum of 600 million ounces of silver per day. They have standing contracts of about 2 million ounces in paper claims.

Yet they only have an available float as they call it, the bars that are available backing these, these claims of 140 million ounces. In other words, there’s virtually no free silver left to meet demand in London and so that’s why they had to reclassify it as precious mineral. That’s critical. Yeah, and it’s up 43% this year. But here’s a couple other things that are crazy. That signal house how close this is to breaking free. And this was an article that I read in Bloomberg and they’re confirming that the London one year implied silver lease rate is between 5 and 6.4%.

Now the lease rate would be if you want to short something, you have to lease or borrow the silver or in a stock, you, you borrow the stock and you naked short it. Stock you don’t own, you borrow it at a lease rate. Now normally, or if you have to cover and you don’t have the metal, you can lease it and borrow it, cover it and then pay them back. But the point of it is, is that over the past two decades that I’ve been doing, three decades I’ve been doing this one month, three month, six month and year lease rates on silver are typically well under 1%, a half a 1% or better.

And even in, in really crazy times, it barely gets above 1% and usually only briefly. Right now they’re as high as 6.4%. And this indicates massive tightness in available supplies. It means that the holders of silver are demanding unusually high compensation to part with their metal, even temporarily. And to your point, how long can they do it? These paper claims are crumbling and the big industrials, the sovereign funds, the retail investors are all scrambling for more silver. And when you add it to the Strategic minerals list that means and add it to the deliverable silver in London vanishing.

If investor needs an industrial demands collide which I believe they will and you put a floor underneath it because the US government is buying it. You’re talking massive, massive, massive, massive upside potential. Now one last thing I’d like to say about technical analysis. We are at the tip of a 45 year cup and handle pattern. It’s you got the cup, the dip to the handle and then you know. So anyways this, this 45 year cup and handle pattern, it’s the most powerful technical setup you can find in markets and in particular on such a long, long time frame.

And it carries huge implications. It basically says that 45 years of suppressed energy is, is about to be released coiled like a spring. And here’s how it works. If you take the cup which is, is the, the top of the cup in silver’s case you could call it the 1980 peak of $50 through the decade. The handle is the pullback and the tightening range that would be since 2011. But once the price breaks out above the rim of the cup which would be above $50, the pattern signals a massive new secular bull market. And the way that you calculate where you would expect it to go next is that the rule is you take the, the top of the cup at fifty and then the, the depth down to about four dollars in the early nineties, even a little bit less.

That’s forty six dollar difference. From fifty to four. You add the, which is forty six. So you add fifty plus the, the dip forty six you get between ninety and a hundred dollars would be your initial target. Ninety six dollars. That is technical charting right there. It doesn’t get bigger than that. So you know, you put all of this together. Massive imports into the United States like no one’s ever seen this amount ever. Huge delivery problems in London. Massive rehypothecation in London. London. 2 billion ounces in contracts that could stand for delivery. With 140 million ounces available, what could go wrong? 6% plus lease rates.

They’re always about 12 to 15 times lower than that. I mean the whole thing. And then now critical minerals list. It’s telling you that there is a floor under silver and that the upside is extraordinary. And you look at gold being. Everything that I see tells me it’s being pegged to a new monetary system and tether showing up at the, at this big meeting in, in, in Beaver Creek. They asked me to come but I was, I had other obligations and I would have loved to go speak there because you have the, you know, very, very.

Yeah. Inside information going on there about gold. But when tether is there, going directly to the miners to talk to them, it supports everything that I am thinking that they want a weak dollar. And if you have a weak dollar, you have tether buying interest rates or buying Treasuries, which lowers interest rates. Right. And strengthens the bond market. And then they put the proceeds into gold and Bitcoin. It lowers the dollar, but it pushes those two things up, which they want a strategic Bitcoin reserve. They’ve told us that a hundred times. And they want gold back in the back of the Treasury.

10, the 30 in the 10, 20, 30 and ultimately a 50 year treasury, all redeemable in gold. Everything is coming together, Sarah. And the moral of the story is you stay in dollars, you’re destined to go broke. I am 1000% positive of that. I don’t care what you want to put, what asset you want to choose, but being in dollars right now, they’re telling you they want a devalued dollar and you’re going to see it. And one last thing about gold, Goldman Sachs came out and said, well, if the market even believes for a second that the Fed has lost its independence, gold will go to 5,000.

Well, Stephen Mirren is still an advisor to Trump and working on the Fed and he isn’t the advocate of or the author of the Mar A Lago Accord. And why do they call it the Mar A Lago Accord? I think people need to understand that because, you know, that was just the name of it because. Yeah, but, but that’s meaningful. It’s the name of it because of Trump. So was Trump involved in creating it? Oh, I think so, very much. I’m sure he was, absolutely. Because I, you know, people have asked me, it’s so obvious that Trump has his finger on the pulse of this whole economic reset now.

I don’t know where he’s at mentally or where they’re trying to go. I mean, we’re starting to piece it together. Right. But it’s so obvious. He’s also, it’s so obvious that he understands that big tech, the whole structure of the world has changed. It’s no longer, you know, in 1990, Chevron was the largest company in the world. It’s not even, and only, only IBM was in the top 10. That was a tech company. The entire structure of the world has changed. It’s all big tech. He knows that. And so when people complain that he’s in The Oval Office with big tech tech companies.

I don’t know if you can not be in the Oval Office with big tech companies and try to get something done. The goal is to get them shifted so that they’re pro freedom. So we need people to understand we need these guys to be pro freedom. Otherwise we’re screwed. A quick break to share with you this wonderful product called Masterpiece. It is proven to taking out graphene, oxygen oxide, aluminums, heavy metals, microplastics. They also are looking at these Mac addresses and there’s more and more research and there’s studies coming out. There’s four documentaries that are being made on their studies about how they’re able to disable Mac addresses that are somehow put into people.

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Yeah, well, I mean, I think it has a lot to do. I mean it’s, it’s catchy. It has a lot to do with his, his, him and his, his administration’s viewpoint, economic viewpoint. And Mar a Lago is synonymous with Trump. So I think that’s why they call it that. But, but you know, the whole thing all fits like a hand in glove. It truly does. And so the days of manipulating the market I believe are coming to a drastic end. You can only manipulate a market for an extended period of time. All the time you’re speaking of by pushing it in the direction that it is going.

We have an administration who understands right now that we countries really don’t want our Treasuries anymore. They don’t want it because of weaponization, because of inflation, because we’ll never get our balance sheet in order through austerity and the tough decisions. And so you’re seeing more and more inflation and a devalued dollar and lower interest rates. I mean there is no reason that, that countries want to continue to hold our treasuries. I, I think ultimately the lower interest rates backfire and you see much higher interest rates which destroys the bond market. And, and the last time a year or so or two ago when they tried to lower the front end of the market.

Right. The, the federal funds rate, which they just lowered yesterday by 25 basis points. They lowered it by 100 basis points over a few meetings. That’s 1%. The 10 year treasury went up 1%. You’re seeing that in, in the UK right now, seven rate cuts and their 30 year treasuries at the highest level maybe ever. Point is, is that they can control the front end. The back end of the market is controlled by the bond holders, the bond buyers. And they’re saying, we don’t want this crap at these rates. You want to lower the front end and play these games.

Well, we’re going to sell our Treasuries and our bonds because we expect a much higher return for what you are signaling is complete and total lack of, of, of financial or fiscal responsibility. Once again, you’re, you’re continuing to print and inflate at the tune of a trillion dollars every hundred days. So this is a very dynamic time. Well, let’s go ahead, finish your thought. No, I was just gonna say, I’ll tell you that I truly believe that, that gold and silver are becoming integral to this administration’s understanding of macroeconomics. Right. I think so too. I think their actions are showing that.

But let’s talk about the ability for young people to buy a home. I think this is contributing to civil unrest if this is not. And I think that’s why Trump cares so much to get this interest rate lowered. But you’re saying that that’s, that’s gonna, that itself could trigger the mess that we’re in now. There was just a stat showing that an average couple could something like two. They can only afford a home. That’s about 248,000. I don’t remember the exact number around that. And right now the average price is something like 420,000. In order to get them to be able to afford a home, the interest rates need to go down.

But that in and of itself is going to create what you’re talking about. They’re in a catch 22. Not only that, isn’t that what created the problem to begin with? When you screw with Mother Nature. Mother Nature, you know, there was always that old cartoon, you’ll be sorry. Well, that’s exactly what this is. You’ll be sorry. Because lowering interest rates is what got us into this problem to begin with. Right. So in essence, you, you have core CPI inflation right now at 3.1%. By their own lying numbers, which by the way exclude food, energy and what house housing is not part of the CPI because evidently you don’t need to eat or drive, you know, live in a house or it’s throw out all the rest of it.

And just look at that because those are the only numbers that really matter. So everything that really matters they threw up. This is why we get back to the fact that we need to get back to reality. Our value system needs to get back to sense. That’s exactly. We could just look at what they don’t include and that’s what’s important. Everything that’s important to get rid of, it’s, it gets, it’s that same exact statement that our value system is completely upside down right now. It is. And when you look at stocks and real estate stocks are at all time highs right now.

Their valuations are at their highest level on record according to Bloomberg. But is that, that’s inflation and that’s suppression of interest rates. And the same thing is true with post prices because first of all with super low interest rates for all those years, you could not put your money into treasuries earning 1%. The law of 70 seconds is mathematical law. You take the interest rate you have, you divide it into 72, it tells you how long for your princip to double. So why would anyone put their money in a 10 year treasury paying 1 or 2% at 2% takes 36 years for your principal to double in dollars that are losing more than that over 36 years.

5% or something a year, 3% net negative. It’s the same thing like if gold goes up by 42% this past year, your dollar goes down by 5%, you are losing almost half the value of your. The dollar is down 11 year to date in the 10 year treasury which was paying before it just got notched down a bit, four and a half percent. So what’s that delta difference if you would have had it in gold? Well, you’re a seven and a half percent negative real return right now in the ten year treasury because of so far, halfway through the year at the end of the year.

Well let me rephrase that. The dollar’s down 11%. Halfway, let’s just say it was one full year. At four and a half percent you’re a negative real return of six and a half percent. And so not a good deal. But, but if you look at that, contrast that to putting it into gold, gold’s up over 40%. And so you know, there you go. It makes, it makes zero sense to, to buy treasures right now. And if Trump wants to lower rates even more and get that yield down at or below the CPI number, the big money will never.

They’ll dump treasuries like it’s going hand over fist. But here’s the point. The only way to get home prices where Trump is mistaken is all you’re going to do is is make these young kids far more indebted. And because okay, so the rates are down a little bit and the quarter point, what good does that? Doesn’t do anything. That’s 25, that’s a quarter of 1%. But even still, let’s say they were able to get rates lower. All you’re talking about is in debt getting these kids more indebted. Because what happens when rates go lower? Real estate prices go.

What was your home worth at 3%? What’s it worth at 7%? What’s it worth at 10? So the lower the rates go, the higher the real estate prices go because more people can afford it. There’s more demand than supply. The only way to get real estate back in order is to raise rates. Because now you have the rates so high and people try to sell their house. Good luck on that. Because not enough people can qualify for a loan. It’s supply and demand. They’re looking at it inversely. Now if we were starting from a much lower level, sure, maybe lowering rates would be a good idea.

But when you’re talking house prices that are still at or near all time highs because, because you can’t move your, your mortgage with you. No one’s selling at and, and their values are still much higher. And why are the values higher? This is a big scam in and of itself. Why have they not if real estate prices have come down? Because it’s such a soft market in Florida and for Texas and all these places, why hasn’t the government of these states come in and re reassess their property value, property tax. The whole thing is a scam.

And so you lower rates, you’re not going to do anything except raise house prices because now more people can afford it, more demand than supply and make another generation even greater in debt. So it’s the backwards mentality. Raise rates and blow up the damn system and let it cleanse itself of all of these. It’ll be painful. All of the, It’ll be painful, but it’s the only way. The misallocation, Sarah, of resources and the, and the distortion in asset prices because of suppressed interest rates is what got us in this problem. To begin with. It’s just not learning your lesson.

That’s right. Okay. Where do people follow you? You have a new show. You have this economic. I gotta be on it. I. You need to get me on it. But you might not want me on YouTube because you might have another strike. So, I don’t know. I mean, we can. No, I would like you on it. And, you know, we’ll just be careful what we say. But be careful. I. I can’t think of anyone I’d rather have on it. In fact, our. The studio, which I’ve done shows with you on before, when you’re interviewing me, is being.

We’re putting in some new fancy cameras and I’d like to have you on maybe as soon as. I am traveling, literally almost the entire month of October. I’m in Minnesota, I’m in Aruba, I’m in New Jersey. Wow. Yeah. And so. But I will find time to do our show off to finagle with you a little bit. But maybe the first week in November, I’ll send you an email. I would love to have you on the show and think of anyone that would better. So that would be great. I’d love yourself in. And where can people find you then? You have a new show.

You have a financial, economic show where you’re covering this kind of stuff all the time and you’re kind of branching out as well. It’s hard not to branch out once you start doing these interviews because you realize, oh, my gosh, we gotta cover this. You know, if you’re an authentic person trying to get to the undercover, the truth, you gotta go there. And you are. And. And so where can people find you? And then where can they. Well, they can buy@SarahWestell.com Miles Franklin. So tell us your spiel. If they do that, they’re going to get the special price list.

And. And if you find prices better than the list that you received, let us know almost every time. We can match or beat it. But you typically won’t. It’ll be as good or better than anywhere. And they can trust you. Gosh, that’s. The most important thing right now, is trust. Because we’re living in a inverted world where people are not that trustworthy and you need to have critical thinking skills and make sure you get to the people that you can trust. I’m sorry. No, that’s. No, that’s okay. 100%. That’s why we left our corporation in Minneapolis, even though I live in Florida, where we’ve had another office for 18 years because it’s the only state, Minnesota being that regulates what is a federally non regulated industry.

And we’re licensed, we’re bonded, we’re annually background checked. No one, almost every company in America won’t do business in Minnesota as a result of it. They would be sued by the Department of Commerce if they weren’t licensed, bonded and annually background checked. Our website is milesfranklinklin.com Our YouTube channel is Media Media. Miles Franklin Media at YouTube which you will be on in November. You have my word on that. And also Miles Franklin, Sarah Westall forward slash. Miles Franklin right Sarah sarawestall.com Miles Franklin and people can get the private price list that way. I think that’s an important thing is because the private price list matters.

Also if they have questions about being scammed. We have helped had hundreds of people come in now and we’ve helped a lot of people. So they just keep coming in and so that you just have to look at your Iraq and what is the best way because a lot of those companies are posting false values and so people don’t realize that their IRA has been scammed until they try to go cash it in. Yeah, I mean if they bought quarter ounce gold coins for anywhere between at this rate a thousand and fifteen hundred, if they bought silver coins that are fractional up through 2 ounces that they’re paying between 60 and $100 an ounce for, they did get scammed.

And we can talk with them and yeah period. And we can help them. If you try to get a price from these folks, you want to ask them what is your buyback price, not the retail price, what will you buy it back from me for? And I want it to be very clear that when we do this we’re doing it with zero obligation for them to repurchase through us. And I want people to know that we’re doing it for free with no cost. And if we’ve earned their trust and if they want to keep their positions in precious metals, we would hope with no obligation that they would do it through us.

But that’s not something that we’re obligating. And there have been several people that said thank you for your help and moved on. Most want to go back into metals and when they do, we’ll make sure they’re getting the best price in the country to do it in a very transparent form in things that are vanilla American gold eagles, American silver Eagles, those 1 ounce gold bars, things that you would vanilla ice cream that not only can you trust, you can validate with every company in America. Typically, the things that are being sold by these companies, you don’t find them on anyone’s website.

This is the whole reason they call them special. In reality, it’s anything. They have the special ability to screw you. I mean, yeah, that’s what it is. That’s what it is. A thousand percent. I always love coming on your show, Sarah. You’re special, and you’re. You’re fantastic. And thank you. Thank you for letting me be a little part of what you’re doing. And I will circle back with you on my travel schedule. Yeah, I’ll circle back with. Let’s figure it out. We’ll figure it. I know you’re busier than normal, so. Okay. Thank you so much. So maybe not next week, but the week after.

Thank you so much. Be well. Sa.
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