Summary
âž¡ The US could profit from Ukraine’s rich agricultural sector and its rare earth minerals worth 2 to 7 trillion dollars, especially if a deal is made during wartime. However, this could lead to destruction and loss of life in Ukraine, similar to what happened in Iraq. Meanwhile, corporate executives are selling their stocks, indicating a potential market crash, while individual investors remain optimistic. There are concerns about President Trump’s push for a digital ID, which could lead to tracking and tracing of individuals, potentially infringing on privacy rights.
âž¡ The text discusses the shift towards a cashless society and increased surveillance, with the use of digital IDs and blockchain technology. It suggests that this shift is being driven by big companies and political figures, potentially leading to a loss of privacy. The text also raises concerns about the public’s understanding of these changes and the need for critical thinking to avoid being misled.
âž¡ The text discusses concerns about powerful entities controlling the U.S., including big tech companies and possibly a shadow government. It also talks about the potential for a digital ID system and the shift towards digital currencies, including the possibility of gold being tied to these systems. The speaker expresses hope for the restoration of basic freedoms and sovereignty, but also worries about the potential negative impacts of these changes.
âž¡ The article discusses the lack of auditing of gold holdings at Fort Knox and the New York Fed since 1953, and the potential benefits of tying gold to a new system, such as a 50-year treasury bond. It also highlights the inflation issue and its impact on the dollar’s value and purchasing power. The article further explores China’s and India’s significant gold and silver acquisitions, suggesting a move away from the dollar. Lastly, it advises caution in the current unpredictable times, recommending the protection of assets through investments in hard assets like gold, silver, and land.
âž¡ The U.S. government has started the fiscal year with a record-breaking debt of $601 billion in just two months. This unsustainable financial situation could lead to a deficit of almost $4 trillion this year. Even with potential successful strategies, the country could still face a trillion-dollar deficit. The future may involve a difficult period of economic depression and restructuring, but there is hope for eventual recovery and growth.
âž¡ Andy received an email from a corporate server that ended up in his spam folder. He’s looking forward to reconnecting in January and appreciates Sarah’s inspiring qualities. They both wish each other and everyone else a Merry Christmas, a Happy New Year, and hope for a great 2025.
Transcript
In essence, they’re backing the treasury market. And as far as the digital idea is concerned. Yeah, I think it’s something that it’s very interesting because first of all, President Trump has released strong statements recently supporting the need for a digital id and it was in the name of election integrity. I’ve been saying this for over two months to expect that and somehow it happened. A quick break from the program to share with you. Masterpiece. This is amazing. It’s gentle, you can use it every day and it gets out micro out plastics, it gets out heavy metals, it gets out aluminum and it works.
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You can buy this with the link below or go to sarah westall.com under shop. Welcome to business Game changers. I’m Sarah Westall. I have my friend Andy Schectman coming back to the program. We’re going to talk about is there a possibility that the entire economy could crash before Donald Trump takes office? That’s a possibility. And so the question is Are you prepared for that? I don’t know if it’s going to crash. I asked him that question. But we know that it’s going to crash at some point here or they’re going to do a major reset and shift into something else.
So I ask them that and we start to entertain that and what could be behind that. And then we talk about digital id. What does that mean? What are the big central bankers doing? We talk about there’s a new fresh information that you probably haven’t heard yet. So I hope you get a lot out of this and I want to tell you because I think it’s so important for everybody to protect their assets, be diversified. We know the dollar is really fragile right now so it’s good to be diversified in different areas other than the US Dol so what does that mean? Cryptos, Gold, silver, land actual physical assets is important cryptos on a physical asset but it’s obviously hedge against the US dollar.
So we are going to be talking about that. If you are interested in taking some of the profits you had for this year or converting your IRA to a gold silver ira, I really highly recommend that you contact Andy Schectman at Miles Franklin. Actually send them an email info miles franklin.com they will give you a private price list that’s not publicized. The prices that you see publicly are not what they give people who buy anything but very small volume. So if you are going to be converting your IRA or if you’re going to be buying a little bit more, you definitely want to email them send info miles franklin.com Tell them Sarah sent you and they will give you access to the private price list and they will take care of you.
That’s what you want. Plus it helps me support my show. And I really believe I don’t just say these things. I do what I have. Anybody that I sell, I want to have use it myself. I’ve bought as much as I could over the years from Miles Franklin and I I totally stand behind what I’m saying. I have cryptos, I have gold and silver. I have land. Those are the three things that I have purchased over the last 10 years to get myself set up for this time. And I keep buying whenever I can because I need to.
We need to protect ourselves. And so I really highly recommend that you do the same thing again infoilesfranklin.com or go to sarah westall.com and support my other affiliates and he has a link there as well. Okay, let’s get into this really interesting conversation that I have with my friend Andy Sheckman. Hi, Andy. Welcome back to the program. Hi, Sarah. Good to see you again. Happy holidays to you, my friend. Yeah, you too. Christmas is coming up. It’s pretty exciting. In New Year’s, I will finally have a vacation. I haven’t had a vacation. What’s that? What’s a vacation? I know, and I don’t want it very long.
Well, you know, you are my last interview until December 30th, and I’ve been doubling down for quite some time. So I have to admit, I really am looking forward to, you know, kind of being a deviant for a while after working so hard this year. It’ll be nice to, you know, let my hair down a little bit if I had long hair and, you know, maybe have a beverage or two along the way. You’re my last until the 27th. I’ve been doubling up on interviews, so I have some material for next week. I just, I’m so excited to take some time off, but we have some serious things.
You know, people have been emailing me, asking me questions on do you think the economy is going to crash? And some people think, you know, because a lot of people talk behind the scenes and they’re like, I think the economy could crash before the inauguration and that you need to get your assets out in. You need hard assets before that happens. What are your thoughts on that? I think there’s no question about that. It’s before the algorithm, before the inauguration, or just in general? Well, you know, look, I don’t know if we’ll see that before the inauguration or not.
Nothing would surprise me anymore. And if indeed there really is a deep state that Trump is fighting, certainly, you know, giving him that kind of environment to walk into certainly would put him behind the eight ball. You can look at our geopolitical decisions, things that we’ve done with the Ukraine provoking Trump, excuse me, by provoking. It’s been a long. Been a long week already, provoking Putin. This is exactly the kind of hornet’s nest he’s walking into. But it’s not just that. It’s economically as well. According to the latest treasury data that was just released in November, the fiscal year for 2025 for the government started in October.
This is the economy that. That Trump will inherit. And the spending in October and November amounted to $601 billion. That is the highest deficit on record for those first two months of the year, including the spending insanity we saw during COVID So, in other words, the first two months of fiscal 2025 are officially the worst start of the year for the treasury on record. So he’s entering, they are doing all they can, whether it be selling off the border, letting all of these people still po to the country, destabilizing our image and our reputation globally geopolitically, or destabilizing the economy or with war.
Right, because they took down Assad, they bombed Yemen, and what is Assad all about? Assad is not about Assad and his 50 years that his family has run Syria. It’s about a pipeline from Qatar that would go through Syria and to Europe that would ultimately destabilize Russia’s stranglehold on energy. And so he said no as an ally of Russia. So they took him out. And if you look at their country, it’s been destroyed, I mean, literally destroyed. And the sanctions on the country from the west have not allowed them to build their country back, not allowing critical medical supplies.
And you have the hundreds of thousands or millions of children who are dying, who are sick, who are starving, the infrastructure is decaying. And, you know, where’s the outrage? And again, it’s in the name of energy. It’s very similar. You know, we had Lindsey Graham, Lindsey Graham, I have to read to you something to your point that to me is one of the grossest things I’ve ever heard. And I want to read this to you real quick because it goes to your question. And this was Lindsey Graham on Sean Hannity and he says that the war in the Ukraine is all about money.
And he told this to Sean Hannity. He said that the US Stands to financially gain from the Ukraine’s vast agricultural sector and a 2 to 7 trillion dollars rare earth mineral find alike in a prospective wartime deal with the war torn, albeit resource wealthy nation. He says this war is all about money. People don’t talk about it much, but you know, the richest country in all of Europe for rare earth minerals is the Ukraine. Two to seven trillion dollars worth of minerals that are rare earth. Very relevant to the 21st century. Graham declared. Ukraine’s ready to do a deal with us, not the Russians.
So it’s in our interest to make sure that Russia doesn’t take over the place. Ukraine is the bed, breadbasket of the developing world. Graham said 50% of all of the food going to Africa comes from the Ukraine. Here’s the kicker. Graham also emphasized that the incoming Trump administration is uniquely positioned to cash out on such resources. Donald Trump is going to do a deal to get our money back to enrich ourselves with rare earths. A good deal for the Ukraine and us. Graham said. Now, if you think about it, we have provided them over 200 billion in aid, most of it in the form of weapons that have killed millions of their population, mostly their men.
Aside from that, we’ve completely and totally destroyed their country. And it sounds very similar to what we did with Iraq. We went there under false pretenses, destroyed their country, and we’re still there 20 years later, sanctioning their banks and controlling their natural resource revenue. But if you think about it, so we are involved in destroying the country, killing many of their men with the weapons we provided, and then BlackRock comes in and gets all of the reconstruction contracts, enriching the military industrial complex and BlackRock even more. And then we steal all of their natural resources and we’re right next door to Russia, just like we did with Iraq, right next door to Iran, taking Iraq’s oil revenue, controlling it, destroying the country, all in the name of democracy.
But it was false pretenses. It’s gross. And it’s the economic hitman stuff. It is, right? Yeah. And these are the reasons that, or that the, the, this is the economy and the geopolitical atmosphere that, that President Trump will be inheriting. And there’s one other thing worth to your point about are they going to bring it down? So we have an environment right now, Sarah, of high valuation, speculation and optimism. What could possibly go wrong? Right. Well, right now the corporate executives, I think they’re calling a top because for every insider buying, there’s now six insiders selling.
Jeff Bezos alone sold 1.25 billion worth of Amazon in November, bringing his total sales in 2024 of Amazon to 12.5 billion. Zuckerberg cashed out another 153 million worth of Meta stock last month, bringing his sales to 2.4 billion. And Nvidia insiders are just under 2 billion year to date sales. This has corporate, corporate executives are cashing out. Individual investors are more bullish than ever. In fact, 46% of individual investors see a 10% chance or less of a market crash. It’s the highest since 2000, 2006. And so as the insiders are selling, the consumer is, is wildly speculative and buying.
And to me it’s just, it’s a setup. It’s a setup for something exactly like what you’re talking about. And the insiders know better than anyone. So yes, could that happen? It would not shock me one bit at all. And you put in the insanity with the, with the drones and, and all of this Craziness to me would say, yeah, I wouldn’t bet against it. And you know what, Sarah, if we’ve learned anything over the last four years, and I know nobody better than you knows this, it’s to challenge everything, including President Trump. Now, I am thrilled that he is coming into office.
I am. And I thank God every day that he is and that we will get our culture back. But you have to wonder, and we’ll talk about maybe the digital ID and all this kind of stuff, is he the Trojan horse or is he riding on the horse? I know people will get mad at me for saying that I am a Trump supporter, I voted for him and I thank God that he’s in. But I think you have to question everything. I really, really do. And some of the things that I see with Trump make me a little bit nervous.
In particular his call for the digital id. And we can talk about that. But any way you look at it, this will not be. I look at it like the Shawshank Redemption. Even if we take it at face value and he is here for good. There’s a two mile tunnel of crap that we need to crawl through that is filled with debt that one way or the other we need to get to the other side of. And that’s what I’d love to talk with you about today. Well, that’s the problem, is that what were our options, right? We had Walls and Harris, which are absolutely awful.
We would have brought in the nightmare tyranny on steroids, which was what we’re seeing them put into place before they go out of office right now. Or Trump, who has a promise of doing. I mean, his speech on free speech was one of the best things I’ve ever heard. People haven’t heard him talk about that. It’s like a three minute clip. It is amazing. And just doing that would make him. Because if you don’t have free speech, you can’t solve problems, right? You can’t even talk about stuff. So if they can get to the root of some of these things.
But the question is, is he putting in a digital slave system without, you know, I see. That’s why it’s confusing messages because, you know, you see him surrounded by people, but he has to be because big tech has taken over the world. Top 10 country, top 10 companies in the world are all big tech except Saudi Arabia. Ramical. So you can’t not deal with these people. Right? So he’s, it’s stupid to say he’s. Because he’s surrounding himself, but these are Real questions. Now, the cryptocurrency isn’t necessarily bad because we are already digital and we need to know we’re going to move, be using digital currency.
We just want it to be a utility, not something that tracks, traces us and then acts upon that tracking and tracing, because tracking and tracing is one thing, and then acting upon it is where it’s really bad versus, you know, being a utility versus being this slave. And I think it comes down to possibly the digital id, because Bitcoin itself, the, the algorithms in Bitcoin are not sufficient to do that. It has to be forked off. But you could put a wrapper around it, or you could say you have to use the digital ID in order to use Bitcoin.
What do you think of this? I think. Well, first of all, when we talk about Bitcoin, also, it’s important to understand that all of the stablecoins, the majority of them, whether it be the new XRP stablecoin, whether it be the tether, USDT or USDC run by Goldman Sachs, you look at the balance sheets of these Stablecoins, and they’re 85 to 90% U.S. treasuries, the rest in U.S. dollars. So as people are leaving the legacy system, in a perverse twist of fate, they’re actually supporting it because as the countries around the world are dumping Treasuries, these stablecoins, which are the backbone of the crypto market, as people go in and out of one currency to another, cryptocurrency to another, they don’t go back into dollars, they go into stablecoins.
In essence, they’re backing the treasury market. And as far as the digital idea is concerned. Yeah, I think it’s something that, it’s very interesting because first of all, President Trump has released strong statements recently supporting the need for a digital id. And it was in the name of election integrity. I’ve been saying this for over two months to expect that, and somehow it happened at the same time. The UK is in the process of doing the same thing, rolling out digital IDs to prove their status. Now, there’s something about the Digital ID 2020, and it’s a digital ID initiative that aims to integrate passcode, passports, driver’s license, credit cards, transit passes, health records, all of this into a single system.
And it’s a public private partnership involving Microsoft, Accenture, Gavi, which is a global alliance for vaccines and immunization, and the Rockefeller Foundation. And, you know, it’s really, really interesting that Trump is now pushing towards this. And if you look at Bill Gates and Microsoft. Not only do they have a patent surrounding Digital ID 2020, they’ve also started something called the Better Than Cash Alliance. And it’s a partnership again, of governments and companies and international organizations and 80 central banks, including companies like Citibank, Ford, Coca Cola, Mastercard, visa, and again, 80 world governments that are moving away from cash.
And it’s interesting because recently Visa filed for a patent, a digital fiat currency patent, which digitally generates digital versions of fiat currency with the serial number of each bill that they take. And they kind of ran this out over the last two Super Bowls in Tampa Bay and Las Vegas. They’re reverse ATMs, where the money goes in, it’s destroyed. That’s part of the patent that allows them to destroy currency to put it on a blockchain, if you will. And then this credit card is cashless. Credit card is used to buy anything at the Super Bowl. So when you talk about the patents, the big companies, the big names behind this drive not only to tokenize and usher in a surveillance state, but to move cashless and to do the digital id.
When you think about how there’s cameras everywhere in your face, which would be biometrically added to a database, is tracked and traced everywhere you go, every shop you go, everywhere there’s a camera, they see where you are, what you do, how much you spend. It’s all tracked. And then to a cashless society where there are patents across the board that now combine this digital ID with your health records, your financial records, and everything else. We are moving to a surveillance state. And I think that’s one thing that people have to say. Why is Trump pushing this now? I did an interview with a man named Simon Hunt, and basically what he said was that this was all by design.
They let the election interference get to a fever pitch, so much so that now they will issue a digital ID in the name of election integrity, and everyone will be happy to take it. And the same thing is true about all of the craziness that we’ve seen. Like you said, free speech. Well, they let it get so far to one end that he comes in and says, no, we’re all about free speech. In other words, he brings in or restores confidence in the culture of our country, but at the same time ushers in on the back end this digital system in the name of integrity of the institution.
Now, is it good or bad? Is he the Trojan horse or riding on it? And that’s what I mean. And again, I want people to understand I am all For President Trump, I just think that if you aren’t questioning everything that you see right now, like the war in the Ukraine, Lindsey Graham said, it’s not about the sovereignty of the Ukrainians. It’s all about rare earths. It’s about money and Hunter Biden being pardoned. If you’re a father like I am, you get that, but you be forthright with the country. Or he could have said, you know what? Enough with this shit.
I’m pardoning Trump, too. We’re going to stop infighting. We’re going to create unity. No more divisiveness. Let’s just be done with it. Instead, he pardons his son and then heads off to Africa and disappears. So everything that we’ve seen under this current administration, the disinformation, the Russia, Russia, Russia, the laptop, everything, it’s been a lie. And so even though President Trump is a breath of fresh air and is bringing in optimism, and damn it, rightfully so, we’ve lived in bizarro world. We’ve lived in an episode of the Black Mirror. Yes, we have, but I think you have to question it.
And I say it with respect to everyone’s intelligence. I’m hoping that Trump is what he says he is and appears to be, but I think you got to question it just to make sure that we’re not being duped once again. That’s right. And, you know, I’ve been talking about the nocebo effect in politics, where it’s kind of like the. It’s. It’s in health care, too, where it’s the placebo effect, where. Opposite of placebo effect. It’s basically what you think makes it placebo and acebo is the same thing. It’s just one creates a negative, one creates a positive, but it’s from the same source.
And it can happen in politics as well. If you go in thinking everything is going to be bad, then you create that scenario. You sabotage the good that’s coming with it. So I don’t want to be that person, but yet I. We need to be narrowly hyper focused because it’s so important for our freedom to not pay. Like you’re saying, pay attention and question everything without sabotaging where we need to go. So you, you got to do both. And when I was, when I’ve been talking about, like the cbdc, we can’t get caught up in the word cbdc, we have to look at the actions and the algorithms and mechanisms that they’re using.
Because as soon as you try to just defeat cbdc, and then now you have all you. You just say, okay, now we won that battle. They’re just going to use different words. You can’t. You can’t be dumb that way. We have to be smarter and better and more strategic and how we go after this and look at the actions, the words, the algorithms. Algorithms are important. We need to understand how these things work, because if we don’t, we’re. We’re. We’re just sitting ducks. 100%. Couldn’t agree more. So with that being said, what is your thoughts on.
You said 100. What would happen? We’re going to cut this whole part out. What you said is 100%. We need to look at the details of. Yes, of it. And being smart when we look at legislation. Okay, so. Well, yeah, so we need to do that. So what do you think we need to do to get people thinking in that direction so that we have an army of people who aren’t being duped? Because I see, right now, being honest, I see a lot of people being duped over because they don’t understand. They understand the freedom part.
They understand not wanting to be tracked and traced and then manipulated with it, but they don’t understand that. They don’t understand the technology or the levers of mechanism, you know, mechanisms behind it. So they actually can be duped. Duped to be their worst enemies. Well, that’s the point. I was reading a tweet on Twitter where Trump was talking about rolling out the digital ID in the name of election integrity, and every single comment was great. It’s about time. Why would anyone ever not want this? Awesome. Let’s do it. So, you know, it’s the same thing, Sarah, the stuff that you and I have been talking about, we speak to the pimple on the elephant’s ass, and the elephant is going to run headlong into this.
And that’s why so few people ever get it and why so few people ever succeed in investing. Because they follow the herd. They follow the masses. It’s difficult for people to think outside the box. You know, maybe one of the things I heard was that Trump was going to allow podcasters into the press room during questions and to break free from the stranglehold of the legacy media that only tells one side of the story. If more people listen to you and others like you, we would all be far more well informed. The sad truth of it is that most people will get run over by this because they can’t get out of the way of what they never see coming.
And so many of the things that you talked about, even things that deplatformed you and got your, your GoDaddy domain taken down, you have been proven right. That’s right. And, and that’s the awful part about it. So, you know, I guess the sad truth of it is, is that many of the people that we care about will, will allow this to happen. And if indeed this is a psyop. So I was doing an interview with Simon Hunt, a very smart man. He said that Trump was selected, not elected. I said, whoa, whoa, wait, wait what a minute.
You mean there are people pulling the strings? He said, absolutely. He and his cabinet were brought on board to usher in a digital tokenized surveillance state and that they let things go so far to one side from, from, you know, 2020 to 2 now that people will, will more than willingly accept it. Now, if that’s true, if he is trying to roll in a digitized state, a tokenized state, a surveillance state, a state of digital idea state, moving away from cash, where Visa has a cash killing patent, where you put cash in, it’s destroyed and now it’s put on a black blockchain.
All of these things are little by little being incorporated into the new system. And you have to wonder, and that’s what I mean by all of this. So I don’t know how it all plays out, but I do believe we are heading into that type of a system where it will be far more surveillance, far more tokenized, far more digital. I guess in scope that to me is, is what this administration is. And you already hear everyone talking about Trump is the crypto president. And yeah, your people are getting warmed up to digital currencies and to, to mainstreaming of digital currencies.
You see all the ETFs, and you see, you know, this massive push to, to accepting digital currencies. And with that, of course, a digital ID would be just perfect. And then if you take a step back and look at the patents that Microsoft has, which combine your health records and your financial records and all of your stuff into this digital id, including the company, who is the vaccine company and so all and the Rockefeller center, you got some bad people in here that are tied into these patents that just make you wonder, like, what is the ultimate goal here? And I would like to believe that Simon was wrong.
He’s a smart man, but he believes that they’re. I said, who are these people? He said, they’ll remain faceless and nameless. But I mean, is it blackrock? Is it the military industrial complex? I would argue who the hell has been running our country for the last six, six months? It’s not sleepy, Joe. Who has been making these decisions to go and give long range missiles to Russia, allow them to fire into the country? Was it Trump? Excuse me, was it Biden? No, I don’t think so. And so the point of it is that there is a shadow entity above.
The question being is Trump benevolent and beholden to, rather to that shadow entity or not? I would like to hope not. But certain things like pushing this digital id make you wonder for a moment if what Simon said was true. Well, okay, we, it became extremely obvious with Biden that there is another entity running stuff. Right? I mean you can’t deny that anymore because everybody knows Biden’s not running it. It’s just not possible. Okay, so we know there’s another. So that proved there’s a shadow government of some sort. And then with, with big tech like I get back to the top companies that the biggest companies the world have ever seen are now all big tech except Saudi Arabia.
Ramical right. So you cannot be in charge of anything without having to deal with these guys. It’s the way the world is. Okay, so that even if he is independent, he has to deal with them. Now how much power and control? I say as long as they do some like basic things to bring back our, our basic sovereignty, you know, our freedom so that we have a chance to fight, then I think that is, that’s a win. I agree. It’s a win. Yep. And I agree. And, and I think they will focus on those things of bringing back our, our basic free freedoms where you know, you bust your ass as a young kid and get good grades in school and, and hope to get a job and only to find out that you’re being valued on your lifestyle and not your merit.
Those kinds of things. The wokeness, the, the, the craziness in the inner cities. You know, I left Minneapolis because of Governor Walz and his woke dystopian stupid policies and where you start to wonder what the hell has happened to this great country and the election interference. Well, let’s bring in the digital ID or the issues with the justice system and the FBI. I’ve done two interviews with Cash Patel. I mean this is one of the smartest human beings I’ve ever met in my life. You look, looks right through your eyes into your soul. I couldn’t be happier that he’ll be running the FBI to bring that integrity back and to restore the things about this country that I think made everyone around the world envious of it.
Not the laughing stock as we’ve been for the last several years. So those things should be brought in. But the question is, does that allow things to be kind of swept in underneath that maybe aren’t so great now, again, I hope people will understand the spirit of which I’m saying this because I think if after what we’ve lived through, if you don’t question that’s right, then you learned nothing. And I say that with respect. I mean, I am a patriot. I thank God I was born in this country and I thank God that President Trump was elected.
I honestly do. But I have to wonder, I mean, the people pulling the strings are very powerful. And you look at like the central bank, right? The Fed, he’s lockstep with the Fed. He’s never questioned monetary policy. You never hear him really talking much about the debt. The Fed wants lower interest rates. What do you hear Trump talking about lower interest rates? He’s never gone after Powell. He called him an idiot his first time in office because they wouldn’t lower rates. And now he’s very quiet about it. So there are some think about, well, is he really, is he really tied to the Fed and their intentions and their aspirations of rolling out a digital system? And I don’t know.
But I will tell you, the worst possible thing that can happen to the dollar is to have very, very low interest rates. In a weak dollar, it just creates more inflation and loss of purchasing power. It just ends up putting the country in a much, much worse position. You have to have a strong enough currency to deal with the debt. And in fact, it’s the opposite of that. And that’s why you see countries doubling down in the month of October and November, double the month over month average in, in gold acquisition by the central banks. They haven’t stopped buying.
In fact, they’ve doubled down. And, and I think they understand that. They don’t want to hold our Treasuries, they don’t want to hold our cash. They’d rather hold gold right now. Well, to them, that’s freedom, right? It, it, it’ll buy them freedom. It’ll buy yourself freedom. And I, I’m, I’m going to lay this out there. And I don’t, I don’t think this is going out there too far. Cryptocurrencies, digital currency is the way things are going, period. It’s going to happen. Every country is going to have some sort of digital currency. It depends on what the overarching system is.
Even in Brics that’s what they’re talking about. I don’t know what our Western. I don’t know if there’s a Western system. This quantum financial system, which I think is a, is a part psyop. Do we even have a Western financial system or is it the BRIC system? You know, are they really fighting each other or is there two factions with two different ideas? I don’t know. The bricks had Project Enbridge with the bis. Kind of did a James Bond move on them and espionage. We can talk about that. The west version of that would be Project Cedar and Project Agora.
These are digital platforms that would sync up in theory with Enbridge. They already. See what I mean? Yeah. And, and, and Lael Brainard, who is, who used to be second in charge at the Fed behind Powell, who is now the number two economic advisor to the Biden administration, is a modern monetary theorist and when she was at the Boston Fed a few years ago, developed the CBDC with MIT after Biden put in the executive order to fast track it. So it’s there, it’s operational, it’s ready to go. And it would go on the rails of Project Cedar or Project Agora that the Federal Reserve is operating, has it operational.
And so I do believe we are moving in that way. I do also think that if I had to guess, gold will be tied to this system. And I say that to you for a few reasons. One, the bank of International Settlements, which is the most powerful bank in the world, reclassified gold as the Only other tier 1 asset in the world. The central bankers have been accumulating it in lockstep for four straight years at a level the world has never seen. Using the suppression of the Western paper markets to quietly reposition outside of people’s attention.
Not pushing the price up too much, just giving it a floor and outside of the purview of the Western media at the same time that we have all of the central banks accumulating gold and you have the BIS reclassifying it. You have the head of the IMF, Kristalina Georgieva, who at the beginning of 2020 wrote a report called Gold a international reserve currency comma, a barbarous relic, no more question mark. And then at the end of the year put out a statement saying CBDC is not pegged to something, are fiat. So I do believe that the way that they would roll it out would be to roll out a central bank digital currency, obviously on a blockchain, but pegged.
And the way that the Brics did it was a 40% pegging to gold. That’s how the Swiss did it, right prior to them canceling their gold standard 20 plus years ago. But the point of it is that that gives them 60% monetary latitude, 40% gold backing. And I did an interview today with Judy Shelton. As I was telling you, her book Good to Gold, I think people should read it. Her idea is to use a quasi gold standard where they issue 50 year treasuries and they make it redeemable in gold at the end of 50 years.
And she thinks that Trump will roll that out next July 4th, which is the 250th anniversary of the country, and that he’ll roll out 50 year bonds redeemable and gold. And of course I asked her, I said, judy, you know, the gold holdings at Fort Knox in the basement of the New York Fed also have not been audited since 1953. Don’t you think that’s strange? Don’t you think it’s strange that when Ron Paul asked to have it or made a push to have it audited, they said no, it’s, it’s the cost and it’s the security. Oh, so spend a million bucks and have it, have it audited professionally.
And, and, and I, and she agrees that this would bring in confidence not only the US Dollar, but of our monetary policy. So you, you have to bring confidence back. And the best way to do that would be to tie gold to a new system, not make it redeemable like it was in 33 prior to that, but to tie a 50 year treasury bond to it. Because as it is now, people are buying our bonds and the dollar is being completely and totally destabilized. I even asked her, I said, who in their right mind who decided that the Fed’s mandate should, should be to strive for 2% inflation? Why not zero? Because in 10 years that means 20% of your purchasing power was gone.
In 20 years it’s 40%. I said, my dad graduated college in 1953, 63. And he told me that his first job out of College was paying 6,500 a year and that was enough to comfortably support he and my mom. And you think about what’s happened to the dollar. So did the cost of living go way up or did the dollar go way down? And that’s because of this inflation. And so if you’re another country selling us your natural resources or your goods, do you want a currency that is losing minimum of 2%? In fact, they’re not getting to 2%.
They’re at 3.5%, 65% away from their target and they just lowered rates again, pouring fuel on the fire. That’s not signaling victory to inflation, that’s waving the white flag. So these countries would be out of their mind to want to take our Treasuries in a currency that will continue to be debased. I don’t care who’s president. He’s advocating for a low dollar and low interest rates. That is more erosion of purchasing power. So you tie gold to a 50 year treasury and show the world that the gold really is there. That’s a first step into gaining trust.
But the countries in the brics, they’ve been buying gold hand over fist. China just again bought 65 metric tons in the month of November and they’ve been buying it all along even though they said they haven’t been. The import export numbers out of the UK and Switzerland said ah, that’s right. But you have. I’ve done two interviews recently with mining execs Sean Khun Khuhn and Keith Neumeyer. Both of them confirmed to me that China’s flying all around South America buying what’s called concentrate and dore. Dore is an unrefined bar at maybe 30 or 40% pure that the miners will fashion into a bar and then send it to the refiners to make it fully refined concentrates like a sludge filled up in a cup that has a lot of gold and silver in it.
But it’s a byproduct of the mining process. They’re paying double with the west will for that, shipping it back to China which disintermediates the marketplace. No one knows how much they bought. It doesn’t affect the price. They pay double what the west will for that stuff and refine it themselves there. And let’s not forget they’re the largest producer of gold in the world and the second largest producer of silver and now are net importers of both. They used to export silver. No longer. And now as the second largest producer in the world, they’re flying to South America to buy concentrate and dore quietly, privately.
India has purchased over 900 million ounces of silver in the last four years. That’s more than any exchange on the planet. Russia is now adding silver to their strategic stockpile and China doubling down on their gold and silver acquisition. So this is a drive to de dollarize as the west is infatuated with cryptocurrency and Nvidia and Apple. The risk on trade. Why do we not hear these big Central banks doing the same thing. It’s misdirection. Well, you guys all go after that shiny thing. And when no one is making a big deal about gold and silver and natural resources, which a country needs, well, that’s what we’ll take.
And I find it’s one of these deals where your eyes are lying to you. You got to trust your gut that what they are doing quietly is, is more relevant than what the retail public is doing here simply because they know the playbook. Now, at the same time, you see insider selling at a 6 to 1, a 6 to 1 ratio, six sales for every one insider purchase. The insiders know something. Even in the stock market, the big guys, Bezos and, and Zuckerberg, they know things. And there was no, no coincidence that a few months ago that Bezos had a big cocktail party.
Who was there? Oh, none other than Federal Chairman, Federal Reserve Chairman Powell was at this cocktail party. He got a lot of shit for that. You shouldn’t be fraternizing with these guys. Well, I didn’t say anything about anything. Well, it’s interesting that they’ve been the biggest sellers in the marketplace right now. So to your point, could, could there be a rug pull? I don’t know. Maybe. I would, I wouldn’t put it past the deep state, if indeed Trump is going after the deep state like it appears he is. Who is a deep state? The CIA and their disinformation.
The military industrial complex, the FBI. These are powerful people and maybe they won’t go down without a fight. And if you think of where all the money is.7 trillion in money markets, a gazillion dollars in about five stocks and the rest in cryptocurrency. You pull the rug. How many people are you going to suck like that by pulling it? That’s right. And then you look at the banks that are wickedly over capital, over leveraged and under capitalized, and no one talks about this little itty bitty bank in Lindsay, Oklahoma, which was the first bank bailin in this country.
Everyone knows about silicone and signature. They were illegally bailed out because Oprah got her money back and the tech startups did. But the poor folks in Lindsay, Oklahoma have lost three and a half million of the seven million uninsured. And they’ll never get it back. Was that a trial balloon? A test run for what’s coming? Don’t know. But to your point, I think it’s normal to have exuberance right now. We’ve lived through a Black Mirror episode, we’ve lived through a crazy, crazy time. And Trump talking about getting us back our country and our culture is a blessing and I thank God for it.
But by the same token, what comes along with that? And is it going to be an easy transformation and transition? And if the deep state really is there and we really are fighting them, do you really think they’ll go down without a fight? So to your point, I think caution and doing what the insiders are doing ain’t a bad idea if you’re sitting on a whole bunch of profit here at the end of the year. It’s not a four letter word. Cash it out, sit on the sidelines, buy 60 day treasuries directly through treasurydirect.gov you go right to the US government, you disintermediate the banks, you’re buying treasuries paying almost 5% in two month treasuries that are very liquid.
You don’t have the duration, risk. Or buy physical gold and silver and put it away and take some of that profit off the table. It’s not a four letter word, it’s a six letter word. But how many people ride down markets from top to bottom? Now I’m not saying that this is the beginning, but the market got killed yesterday. The stock market did. And what’s it down today? Let’s see real quick. Today the bitcoin is down a thousand eighty dollars. The stock market’s up 200 points. So not getting killed. Gold’s up, silver’s down. It’s a, it’s a very interesting, interesting time.
But I think it’s not a bad idea to be cautious right now. Well, the cryptos are down big time. They were down even more. They were down to 90. It was down to 98. What’s down to 97,000. It was down over 2,000 and that’s down. Wow. They keep dropping, they’re dropping big time. So I, I think that there’s, you can’t, you can’t not protect yourself right now. Right? I mean we’re in such unpredictable times. And like you said, there isn’t a better time to protect your assets than right now at the end of the year. If you have extra profits, make sure you’re doing something smart with them.
And I’ve had people behind the scenes saying, Sarah, you will only have a certain amount of time before you need to get yourself into hard assets. And hard assets can be various things. But you know, land or you know, I own land and 10 acres in Florida. I bought it during COVID because I was Freaked out. And I’m like, I just need to get in case we need to get, because I’m in Minnesota. It was so bad. Come on down here. I’ll buy. You’ve offered. I have to do that. But you wouldn’t believe how many people have been contacting me asking to buy the land recently.
It doesn’t surprise me at all. It doesn’t surprise me at all. I mean, you know, unsolicited people calling me and. And you talk about another issue that Trump is inheriting, right? He’s inheriting not only the craziness around the globe, the stupidity that we’ve done with the Ukraine and Syria and all of these things provoking war and whatnot. We talk about all the craziness with the illegal immigration and the wokeness and all of this stuff selling off the border wall at pennies on the dollar. All of this stupidity, right? The drones pardoning the. All of this crap, right? Well, here’s another thing he’s inheriting.
The fiscal year in Washington for the government started in October, and they just released the November numbers, right? So in the month of October and November, we spent $601 billion in debt. We’ve gone 601 billion in debt for two months. That is the worst, officially, the worst start for the US treasury on record ever in the history of this country. It took till 2009 before we spent 600 billion in a year on debt. We’ve done it in two months and annualize that out. I’m not saying it’s going to happen that way, but you’re basically talking a deficit of almost $4 trillion this year.
Now, he’s going to inherit this. And even if Doge is successful, as they talk about, within two years, lopping off 2 trillion, even under the best case scenario, that still leaves a trillion dollar deficit. So he comes in at almost 37 and he leaves at 41 or 42. That’s unsustainable. And the Congressional Budget Office says even with a balanced budget within three and a half to four years, by 2030, 2031, 100% of tax revenue goes just to pay the interest on the debt. And mandatory entitlement like Social Security and Medicaid, which aren’t even part of the official balance sheet, right, that Medicare is 99 trillion, Part B, underfunded, Part D, 22 trillion.
Those are the prescriptions. 77 trillion in Social Security, all of the military and government pensions were 200 trillion in debt. But what they’re basically saying is that anything discretional like military Would have to be borrowed. How do you maintain yourself as the world superpower when you’re borrowing money just to fund your military that you go around the world policing? It’s unsustainable. So the other question I have is, look, what is he known for? He’s known for restructuring. He’s known for bankruptcy and restructuring. That was one of his hallmarks in business. What better person to bring in to oversee that? Now they could come in, give us back our country, bring in a cabinet that does all of the things, chops everything.
And they look at the world, they look at us and say listen, we’ve done what we said. But you know what? This is much worse than we thought. And in order to bring our manufacturing back, which would not only be so much money in terms of labor costs alone, but then retrofitting and building the manufacturing capabilities, hiring the people, training them, you’re talking going into a depression which would then mean you can’t service your debt. It all collapses, Bang. You reset, you default. Sorry, we tried, but you say the American people, this is your patriotic duty.
We need to do this to get to the other side for our children and our grandchildren. And what better person to come in and restructure a new system than a gentleman who’s done that his whole career professionally and has come out the other side successfully. And then he talks about 100% tariffs on the BRICS nations for, for deci if they want to continue their aspirations. That’s not a tariff, that is a sanction masquerading as a tariff. That’s right. Tariff protects your domestic manufacturing. Not only don’t have any, it’s not about manufacturing, it’s about a penalty. It’s economic warfare.
Is he incentivizing them to double down their efforts and to continue to accelerate? Look at the gold purchases over the last two months that have gone up double the 12 month moving average. They are buying more than ever right now even with him coming in. And so could they dump the dollar and create a reset? Could we default and go into a depression and create a reset? I’m just looking at all of the possible opportunities. I hope I’m wrong, but that’s why I like the Shawshank redemption analogy. You’ve got to crawl through two miles of shit to get to the other side and that shit is debt.
And there is no way around that debt without facing some pain. Hyperinflation, great depression or maybe the combination of them both. Hyper stagflation, little or no economic growth in the printing press. It’s the Depression meets the printing press. And what I am saying is that I am optimistic for the future, for my children’s future, that maybe we can get to that place, but it’s going to be a rough few years to get to that place. So this exuberance that we see, this risk on atmosphere of buying things that have great upside potential but are quite volatile and quite risky could very quickly become a very dangerous endeavor.
Yeah, we need to make sure that you protect your assets. You can get involved. They always say, you know, do a balanced portfolio. You want, if you want to get involved. I’m involved in cryptos. You get involved in some cryptos, they’re very high risk volatile. And then you also protect your assets, which do do. And so I got land, I got gold, I got silver, and I don’t have a ton of it, but I got as much as I could afford because I know that I need to protect my assets. So where can people get hold of you? Because I think it’s.
Before I say that what you just said is profoundly astute and I don’t think you even realize it because to me, I. I spent three summers in Zurich when I was very young, learning my business, which originally was Swiss Franc Investments and then very quickly became metals as well. And I met a man named Jean Pierre Louvet. And we were talking one day and he said, my son, he was an older man, he said diversification is nothing but a term invented out of fiduciary responsibility so that brokerages don’t get sued. He said, you end up being the best of the worst or the worst of the best, because asset classes rarely move in harmony.
And so you have some that go up, some that go down, some go sideways. You don’t lose a lot, you don’t make a lot, you’re just adequate. He said the real key to investing is to identify the primary trend. And rather than being broadly diversified, you broadly diversify within the primary trend. Now, I would argue it’s of a falling dollar. What do you have? Cryptos. Land, precious metals. You are broadly diversified within the primary trend of a falling dollar. That is the key right now. Now you need to. You, all of you out there need to figure out what is the primary trend.
In my mind, it’s a dollar that’s in trouble ultimately. So my advice, do what Sarah is doing, broadly diversify within it. Agricultural ETFs. If you can’t afford farmland, raw land, like Sarah bought a bug out strip of land. Precious metals, physical precious metals, Mining, shares, oil and Gas cryptocurrencies. Now, you are broadly diversified within a primary trend that allows you to be the best of the best, not just the best of the worst. That’s right, yeah. And you can find me, yeah@miles franklin.com but the best way, we don’t publish our prices above a very small order limit for, for a myriad of reasons.
And trust me when I say if I sat down and had a beer with you and told you the reasons you would get them, they’re to everyone’s benefit. But we can beat just about any price in the country and we will give your listeners white glove service. All they need to do is send us an email and say Sarah sent me an info at Miles Franklin. You can ask any questions you want, anything you’ve heard here, questions on precious metals, IRAs, questions on gold versus silver, the ratio, geopolitical events, anything. All of my brokers, almost every one of them had distinguished careers in on Wall street, owning and selling businesses, private equity degrees from very reputable places like Wharton School of Business, all of these things.
And then they came to work with me. They’re all my dear friends outside of business, even before they came to work for me. Or you can just ask for our price sheet with no obligation and just put Sarah sent me at info at Miles Franklin. You’ll get our ultra competitive price sheet and any questions you have. If you want to be contacted, put your phone number. And lastly, check your spam. If you haven’t received something within a half a day or less, check your spam. Because a lot of times when you get an email from a corporate server, it gets flagged in your spam filter and it’ll be in your junk email box.
We’re very diligent about following up. Thank you so much, Andy. You have a wonderful Christmas, a great New Year’s, and we will see you right at the beginning of January again because we’re doing this on a regular basis. Well, the world is, you know, resetting. We need to keep talking about this. Yeah, I can’t wait to see how it all plays out. Sarah, you are an inspiration to us all. And I’ve always said that. I’ve always admired your tenacity, your courage, and just how nice of a person you are. Wrapped up in a very tenacious, strong woman.
And I can’t tell you how much I appreciate being just a very small part of what you’re trying to accomplish. Thanks for having me. Merry Christmas and Happy New Year to you as well and to everyone else out there. Let it be the best year ever in 2025 and look forward to picking up where we left off. SA.
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