The Great Reset: Can Gold Save the US Economy? – John MacGregor, Andy Schectman

In this episode, host John MacGregor interviews Andy Schectman, a seasoned expert in precious metals and the economy. Andy discusses the dire state of the national debt, the persistence of inflation, and the Federal Reserve’s policies. He also explores the emerging BRICS alliance’s efforts to create a gold-backed currency, potentially challenging the US dollar’s reserve status. Schectman advises listeners on the importance of diversifying assets, particularly into precious metals, and the historical reliability of gold and silver as wealth stores. He shares purchasing advice and the services offered by his company, Miles Franklin. The episode wraps up with John expressing interest in future conversations with Andy and a call for listener engagement and feedback.

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But wealth that at the same time has been accumulated uh more copiously over the last 2 years by the most powerful well-funded and well informed Traders on the planet the central banks have bought more gold over the last two years than at any time in Central Bank history gold

Was reclassified the world’s only other tier one Reserve asset next to US Dollars and treasuries there’s something significant going on with precious metals and I guess I would simply say look prepare prepare like there’s a hurricane coming it’s not hey guys welcome to the first episode of the new

Year happy New Year everybody and I wanted to have our most popular guest return and give us his economic outlook for the economy and his outlook for Commodities most notably gold and with everything going on and it’s a lot Our Guest today is going to tell us what we

Should be doing not only to survive in this environment but also how to protect ourselves in this in these massive headwinds that we’re facing and will face but also how we can Thrive so folks here we go if you have concerns about your financial future let’s be honest the

World shapes your wallet we are taking you behind the scenes to look at what’s really happening in the real world inform prepare and Empower this is the full disclosure podcast with your host John McGregor all right before we get into it don’t forget to ring that Bell below and hit subscribe you do not want to miss future episodes episodes and I also wanted to mention again that my new cash flow master class is now available where I teach you what I call the 60-minute

Cash flow and wealth building strategy that generates cash flow instantly on every single trade and by the way this is not day trading it’s a well-proven strategy I just cified into a step-by-step process that anyone can learn so check it out my website I think you’ll be you’ll find it interesting all

Right so let’s get into it it is an honor and a privilege for me to introduce my friend Andy sheckman to the show and in my honest opinion I’ve said said this before having spoken with a lot of quote gurus in the world of gold

Andy is the real deal when it comes to Precious me medals uh most notably especially gold he’s been in the business the financial game for over 33 years and he’s the big boss at Miles Franklin precious medals a company that recently surpassed 9 billion in sales

Yeah you heard that right 9 billion in sales and and one reason I have so much respect for Andy is that he’s got this Knack he’s got this knack for diving into economic history which really gives him some crazy insight into what’s going to happen down the road you’ll see what

I mean in just a moment so without further Ado welcome to the show Andy it’s awesome to have you here John I think we can end the interview right now as a matter of fact I mean with that interview I don’t know if I can if it’s

Going to get any better that reputation but thank you so much for the kind words for for the introduction and and happy New Year to you as well and and everyone out there so thanks for having me back appreciate it now like I said you’re you’ve been our most popular guest so I

Want to get you on and kick off the new year with you and I thought i’ I thought we’d start off with the macro on what’s happening in the world today because you have such great Insight on that and then we can ship to the micro in other words

What people should be doing with their money but first I was thinking about this as a country you realize we just hit $34 trillion in debt $34 trillion in debt this week a 100 days ago only a 100 days ago we were at $33 trillion I mean

Think about that rate of increase in debt and sadly you know when I tell people most when I tell people that most people just kind of roll their eyes and shrug their shoulders they don’t even know what’s happening people must wake up and that’s the purpose of the show

And now Andy the interest expense to service that debt is $1.1 trillion remember we only take in5 trillion dollar in revenue and that $1.1 trillion in in interest that’s $250 billion more than our defense budget it’s 250 billion more than Medicare and we’ll soon surpass the 1.35 trillion we

Spent on Social Security which will mean interest on our debt will be the biggest single expense this country has and then lastly before I turn it over and I get riled up on this stuff before I turn over any our deficit spending which is how much we spend more than we bring in

And just to clarify because I know I got a lot of questions on this people get a little confused our debt that’s the $34 trillion that I mentioned it’s like the amount of money you have on a credit card that you’re caring and that you have to pay interest on right the

Deficit is how much you overspend your budget every year and right now as a country we spend $2 trillion more than we bring in every single year and no one in Washington has the guts to take this on that means we’re spending 40% more of

What we bring in in terms of Revenue so with that I’ll stop Andy let’s kick it off with this love your thoughts on the state of this Economy based on what I just said and where you think we’re headed economically what say you I I don’t think you could have really said

It better but let and again you’re right on all accounts let’s first make it easy for in layman’s terms for people to understand um you know you’re you and I are roughly the same age or in the same uh generation and you know if you go

Back to when you were a teenager in the 80s uh uh you know 100 bucks went a long way we dreamed of making a million dollars there was always that commercial I don’t remember what it was for but it was a guy driving a sports car saying

You know I made my first million at 35 and whatever the point of it is is that Millions were something we strive for and it was obtainable if you worked hard most people will have made a million dollars in their lives if they work hard they probably haven’t saved that much

But by all measurements million is obtainable so the number flows and then we see billionaires uh now all of a sudden all over the place and you know I guess it’s obtainable if you are really really successful really successful I mean it it’s possible Right everything anything’s possible so I don’t think

People quite understand how big a trillion is because it sounds an awful lot lot like a million and and a billion but to put it in perspective a trillion seconds ago was 31,6 88 years ago wow so when you talk about how big a trillion seconds was it’s Neanderthal stalking the PLS of

Europe now that’s 1 trillion and you mentioned a $34 trillion debt I agree with you we do have a 34 trillion doll debt we we just paid 170 billion in interest payments in the last two months so you’re right on everything that you’re saying but one thing that is

Being left out and is left out too frequently when people have this discussion is off balance sheet unfunded liabilities in other words promises that we have made that we’re on the hook for like Social Security which is77 trillion $77 trillion in IUS Medicare Medicaid Social Security government military pensions

These are all off balance sheet and when you add them together you’re north of 150 trillion in funded and unfunded liabilities by the government’s own admission and it gets even more sickening from here in the respect that by their 2022 balance sheet if you Google it you’ll read it you’ll see that

They have just over 5 trillion in assets against 150 trillion in liabilities some funded some not funded and when you realize that of that 5 trillion in assets the largest asset according to the United States government on their balance sheet as pathetic and sickening and nauseating as it is is student debt

So when this President of ours who has a hard time putting six words together says well we just gave you know some student debt relief to the tune of I don’t know how many billions of dollars it’s it’s really it’s nothing really it’s a tiny tiny tiny bit he’s scraping

Away from the largest asset of the US government so when you when you take student debt John out of the equation that that 40% of of the US government asset base we have just over uh $3.5 trillion dollar in assets standing behind 150 trillion in liabilities we are at the

130% debt to GDP line that in all of history no one has ever crossed over without defaulting either outright or by hyperinflation and you know when you talk about the Congressional budget Office of the US government they just came out with a statement and they said

To your point John that in seven short years by 2031 100% of the tax receipts that they take in will go to pay just the interest just the interest on the debt not the principal just the interest and mandatory entitlement payments like Social Security which is even on the

Balance sheet it’s just a bunch of crap right so they don’t tell you the truth but let’s phrase it a different way how is it that we can expect the US government government or the US the United States to maintain its role as the dominant economic Powerhouse and

Military superpower in the world when 100% of discretionary spending which includes military spending has to be borrowed where this year alone in 2024 $10 trillion plus in treasury obligations will these these treasuries come due so we have to come up with 10 trillion just to pay the the obligations

Where does that come from oh I got a good idea how about we borrow some more money at higher rates to pay back what we owe and so it’s becoming a situation that I think is becoming more and more and more difficult for the US to to

Maintain its position in the world when we are in essence insolvent and broke and yet we haven’t stopped spending we’re addicted to spending and yet we have to borrow money to to continue to uh spend and to do all of these things that really we have no business doing

And and and you know it’s only going to get worse I think that’s part of the problem that the rest of the world is seeing right now wow you just unloaded a ton there andy so I got a lot of questions for you um so we saw our last Bond insuance

Right it didn’t go very well there wasn’t a whole lot of demand for our bonds which means or does that mean you think interest rates are going back up up and we have not seen the end of this inflation we’re talking about we’re now hearing by the Press of course that

Inflation’s over it’s been tamed it’s a soft Landing what’s your take on that not even close I think inflation is here to stay I think what inflation wasn’t conquered I think the FED gave into inflation they realize if they continue to raise rates that they’ll break the system they’ll break the economy they’ll

Break the commercial real estate market they’ll break the banks that are completely tied to the commercial real estate market they’ll break everything and they know that I think just like the United Nations has requested this 2% inflation Target that the governments are striving to achieve is unrealistic

And if you look at what real inflation is it’s 10% go to Shadow stats.com John Williams he’ll show you what real inflation is and to think that inflation is is under control is a mistake how do we pay for all of these unfunded liabilities how do we pay for all of

This stuff the Medicare the Medicaid the Social Security and I think by acquiescing uh and giving in to uh you know to pivoting if you will to no longer raising rates but to in fact uh decrease rates you’ve signaled inflation is is here to stay and ultimately I

Believe what the lesson uh that the Federal Reserve will learn is that the market ultimately is bigger than they are and and I think that that has to do maybe a year or two or three down the road but when the dollar is no longer demanded really in fact it is shunned

Because we have chosen inflation over austerity uh I think that they’ll understand that and rates will have to go higher to attract people to buy our debt I mean look our debt will always have buyers but at what rate that’s right and I think indeed um you know no

I think inflation is here to stay and I think ultimately rates go higher short-term rates may be on the way down for a little bit but ultim I see rates going much much higher I I do I do too I agree they’re going to have to go higher for people to

Attract the bond buyers and for people to say that inflation’s at 2% is just an absolute lie you mentioned 10% I don’t know anything that I spend that isn’t 10% higher than it was a year ago and 10% higher than it was was was before that so this idea that t that inflation

Is tamed and we’ve had a soft Landing is just absolute nonsense so I want to I want to based on all that um Andy I want to shift gears and talk about the dollar and Bricks because it’s all interrelated right and I do want to ask I do want to

Ask all of this economic collapse that we’re seeing in the FR in right in front of our eyes it’s it’s plain as day and everything that’s going on at the border and oil and crime and all of this stuff and the economic the spending the debt we accumulating in your opinion Annie is

All this being done on purpose is this all by Design and then and then I want to shift gears and talk about the dollar and Bricks because I haven’t heard much about bricks lately and by the way for listeners that aren’t familiar with brics brics is an acronym of five

Countries Brazil Russia India China and South Africa that have come together to form an alliance to create a new currency to replace the dollar backed by gold and now it’s not only five countries there’s probably Andy you would know better 20 or 30 other countries that have joined again this is

Designed to replace the dollar as the world currency which would have a a massive massive destructive effect on on us and our living standards in this country um but it’s interesting I have not heard much about bricks lately and but I did read this in the Wall Street

Journal an estimated 20% of global oil in 2023 was bought and sold in other currencies other than the dollar 20% the United Arab Emirates Brazil Russia China Iran they are really aggressively looking to to take the dollar down so that’s a lot I’m throwing

At you um that’s okay and and and and as far as I’m concerned they’re they’re very important topics it’s really my focus yep now your first question is this done intentionally I’d like to draw your attention to two economic advisors the top two economic advisers to the United States government then I’ll

Unpack it uh the first one is Jared Bernstein he is we’ve talked about this for I mentioned it on on a other interview with you or or with your group and this is a man whose main thesis is to lose the world Reserve status that is

A privilege we can no longer afford he has said that he has written reports yeah he has written reports in both Washington uh The Washington Post and the New York Post one report he wrote was called Dethrone King Dollar another one when Trump slapped tariffs on China

He said good maybe we’ll lose the reserve status it was picked up in the Washington Post now let’s look what the United States government did first and foremost we um weaponized the dollar and we not only sanctioned Iran and Russia but in terms of Russia they’re talking about confiscating those assets not just

Sanctioning them and using them to rebuild the Ukraine now the rest of the world is saying hey are we next if we fall on the wrong side of the western agenda what does that mean that’s object number one and and I think when you talk about being the steward of the reserve

Currency it is not our our prerogative to be able to say you can use it but you can’t because we like what you did and you didn’t I mean look we’re the country that went into Iraq 20 years ago destroyed their country under the guise of weapons of mass destruction we are

Still occupying them we are still sanctioning 14 of their Banks right now because they had the audacity to trade with Iran to buy liquid natural gas to cool their homes in the middle of 120 degre summer and they made $90 billion in oil Revenue last year and that money

They can’t control it’s held by the new New York fed they asked the New York fed recently can we have a billion dollars please and they said no so you know Iraq has now said they want to join bricks they said they’re kicking all us Coalition forces out of the country

They’ve made trading in dollars illegal if you own a business you’ll go to jail and all green dollar bills are out of the country now as of today January whatever January 1st was the was the deadline but when you talk about what’s happening well we weaponized the dollar and then we sign

An executive order to go green because remember it is the protection of Saudi Arabia and OPEC that has given us the dollar H gmany has given us the the Petro dollar and when we signed an executive order to go green after we weaponize the dollar what does that say

To Saudi Arabia now I’ve made a big deal about Saudi Arabia uh and and and I made a big deal because they’re really the Lynch pin of it here I made a big deal that they along with every other OPEC country has joined the Belt Road initiative the Chinese infrastructure

Project the largest in human history that right now comprises 75% of human population and 50% of global GDP in and of itself just that now every one of the OPEC countries are there that’s ominous number two I talked about how they join the bricks and as of January 1st have

Been formally approved and admitted and both the brics Nations and Saudi Arabia um says that yep that’s the case we’re in it’s done I made a big deal about how they joined the Shanghai cooperation organization which is the largest regional financial and military military organization on the planet I

Made a big deal about how they joined the bricks new development Bank all of these things kept happening and happening and happening and and I really made a big deal about them telling the folks at the World Bank meeting earlier this year that yeah we’re open to taking

Other currencies for oil as you mentioned 20% of of global oil has sold and other currencies and you know for the last 50 years it’s been nearly 100% of oil sales have been in US Dollars it’s given it a synthetic demand but here’s the kicker uh and this is

Something that it’s been hard to find there MSN put this article out but it’s hard to find it and that is that if you go back two weeks you see a United bar emeres who you mentioned they hosted a United Nations Summit in Dubai two 200 delegates from countries around the

World came to Dubai for a United Nations Summit on climate control now ironically enough it was presided over by the chairman of the United uh United barab Emirates state-owned Oil Company he told the the uh former president of Ireland you know if we do this if we go green

You’re going to send civilization back to the caves just saying but here’s where it gets crazy now let’s keep in mind before I tell you what gets crazy that the United barab Emirates is the seventh largest producer of oil in the world they are an OPEC member uh they

Just were admitted to and are formally in bricks alongside Saudi Arabia right so now they’re in bricks they’re they’re they’re an OPEC member and they host this meeting but two days before they host this meeting they tell the world we are no longer taking dollars for oil

Going forward you heard me right the United barab Emirates who’s now a bricks member part of OPEC seventh largest producer in the world no we’re not going to take dollars anymore now it gets even more provocative than that and that’s a massive shot across the bow right not as

Provocative as Saudi Arabia and all of OPEC thing were done but it’s a big one but what gets crazier in that John is that the day after the summit ended uh in Dubai Putin who hasn’t left his country but once or twice in the last few years because of the western bounty

On him flew in an impromptu uh meeting to the night of Arab Emirates flanked by four Mig fighter jets and what did he have to say do you think he said listen we see what they did to Gaddafi and Hussein don’t worry we’ve got your back

I don’t know and then he goes right from there to Saudi Arabia and after he leaves Saudi Arabia OPEC announces a 2 million Barrel not one they increase it to two million Barrel a day decrease in oil production so my point to you is simply this that

We are accelerating the pace at which these countries are uniting now as of January 1st the five countries that you mentioned um Brazil Russia India China South Africa are now 10 and that would be Ethiopia Egypt Iran Saudi Arabia and the United Arab Emirates now 20 other countries 20 other countries have

Formally applied and you know I could go through them all it would take a a minute or two but the one key characteristic with every one of the countries that have formally applied I’ll I’ll read the L list quickly here and and I’ll omit what I want to talk

About in terms of the the traits of each one of these companies and I’ll capsulize it countries Afghanistan Algeria Bangladesh Bolivia Cuba Ecuador Indonesia Kazakhstan Mongolia Nicaragua Nigeria Pakistan Sagal Sri Lanka Sudan Thailand turkey Uruguay USC and Venezuela in every single case every one of these countries have two things in

Common one or two one for sure is they are very very rich in natural resources from rare earth metals to Precious Metals to all sorts of Commodities that the world will need moving forward and two they are key choke points in terms of shipping lanes and routes if all of

These countries sign up which they formally applied they will control the Red Sea they will control The Straits of B they will control the majority of these strategic shipping lanes and it’s a very very big deal 20 other countries have informally express interest including Mexico so you have potentially

Another 40 if not more countries that will become part of this bricks Alliance by October of 2024 as the meeting moves and as the presidency moves from South Africa formally to Russia another thing about the bricks is that they they share the presidency each year the presidency moves there isn’t

One voice here and I think that’s the whole premise of these countries is or this Alliance is finding safety in numbers and and where where in and of themselves these countries could not stand up against the west and the military might a and the the um potential economic Fallout but these

Countries together you’re talking well well in excess of the majority of human population way way larger gross domestic product way way larger military might and and and a formidable group of countries that will control not only much of the shipping lanes and uh and strategic Roots but the majority of all

The world’s Commodities and largely energy Supply including the majority of the rare earth metals that obviously we haven’t thought out too well because supposedly we’re going green fully by 2050 50% by 2030 and that’s what we’ve told the Saudis hey thanks guys thanks for the 50 years but we’re going the

Other way and that’s why I think you saw Saudi Arabia their Crown Prince just a couple months ago come out and say something very poignant he said China is our this year is our most strategic trading partner for oil and for the next 50 years well what is it right now it’s

50 years since we signed the petrol contract with Saudi Arabia and now they’re saying China is our most important strategic trading partner in oil for the next 50 years so a transition is underway and I think people need to understand one thing the synthetic demand for the dollar that has

Been created over the last 50 years where every country’s had to stockpile them to buy dollars or to buy oil has created an environment not only of a a an illusionary environment of demand for the dollar and maybe illusionary is not the right word but synthetic certainly

Is but what happens when they no longer need to hold them and dump them and that’s the moment where maybe we get into the CLA Schwab discussion not today but that’s what happens because all of those dollars get dumped simultaneously hitting our Shores creating a hyperinflationary event where interest

Rates go to the moon and that is a very very bad Omen in the respect that all of these asset prices and the banks which are all inversely correlated to that moment it’s a religious experience at that moment so I hope we don’t get there but I will tell you the bricks are

Gaining legitimacy quickly and uh it’s something not to be taken lightly especially in light of what the United Arab Emirates just did wow that was tremendous thank you so much Andy so insightful so you know I think people need to realize this is so much bigger than just another currency to trade

Goods and services in this is a geopolitical coalition that’s coming together it could be a new military Coalition actually that could be a huge threat to the United States and the rest of the world not only and in Supply chains as you mentioned Andy and and um two of the three largest nuclear

Arsenals on the planet too John so they’re they’re not to be taken lightly and there you go it’s exactly right so now if you don’t mind and I’m sorry to interrupt you I just want to make one other point and that is what you said earlier so that’s one end of it right

That’s that’s Jared Bernstein let’s let’s let’s blow up the world Reserve currency but you know L brard is a modern monetary theorist and she wants to get rid of the banks so all of this is she wants to issue a central bank digital currency she ran point for fed

Now which is venmo and zel on steroids backed by the the FED but you know in order for all of this to happen I think you you have to have the the right the right environment in the United States and to your point we have lawlessness we have divisiveness where red and blue

Can’t even speak anymore uh we have a situation where I think people are questioning around the world they look at our open borders they look at the fact that you Lady Liberty is blind or blindfolded holding the scales of justice and I think a lot of people are

Asking themselves I don’t care what side of the aisle you’re on have the has the former president the current president been treated equally is it fair look at this 14th Amendment nonsense where again doesn’t matter what side of the aisle you’re on this is a a a a a purposeful

Destruction of our democracy and the respect that last time this happened it was Abraham Lincoln and there was a civil war that that happened directly after so this is a this is a very bad thing because it’s a cultural whitewashing and a cultural war in the midst of an economic uh catastrophe

Potentially or certainly a a um an event where you could see big problems with the economy you add that into the cultural war and it’s a very bad thing you get a lot of emotion and I think it’s it’s this is something that I think you can’t make up that that what our

Leaders are doing both out outside outside the United States and inside the United States it’s just too stupid to be stupid and when you look at what would potentially happen in that environment where interest rates Spike the banks blow up but that’s exactly what L Brainard wants so she can issue you a

Central bank digital currency and and you know if you look at who all of these unfunded liabilities are owed to Medicare Medicaid Social Security government military pensions and all of the bonds that are being dumped by Russia and China and all of these countries that are dumping bonds right

Who’s buying them all it’s us it’s the hedge funds it’s the advisers chasing yield so if that moment happens and if everything blows up two things happen one you have a villain to point to it’s OPC and Xi Jinping and Putin and two you’re defaulting largely on the

American public but have no fear John because Lil brainer is here with their Central Bank digital currency sign on the dotted line we are moned monetary theorists after all and we will make you whole so could be done by Design you bet your rear end it could be and I do

Largely believe it is either that or our politicians are completely stupid and I think they’re smart they’re just they’re stupid I mean you can be smart and stupid at the same time you can be smart and diabolical at the same time they know what’s what they’re doing

And I think it’s a scary thought if you go down that rabbit hole well I think I think you hit it on the head and that’s there’s no scarier proposition than someone who’s smart and diabolical you you put those two together and you’re in real trouble um I I say there’s no

Conspiracy theories but there’s no coinci coincidences either I you just look what’s going on and this Administration by the way you just look at the backgrounds as you mentioned Jared Bernstein he studied music and Social Services I think he has a master’s or a doctor degree in the

French horn this guy knows nothing about the economy and yet he’s the leading economic adviser and then you have our secretary of state blinkin and our secretary defense awesome I mean these are just amateur clowns that are put in charge and and then you have Arcus at

The border who has just basically and and some sometimes I don’t blame my archus because he’s just being he’s doing what he’s been told by the administration open this border as much as you possibly can and then pretend that you’re doing everything you can to close it and then of course our press

Secretary kgp which is unbelievably ridicul I know but but going back to you know is this being done by Design I mean you just look what they’re doing to the economy uh Social Security is going to be bankrupt by 2033 three and if I do my

Math that’s in 10 years Medicare as well the unfunded liabilities that you talked about taxes are going to have to go up we have inflation through the roof still to this day crime is rapid we’re no longer energy independent um you know men can give give babies uh we you know

We have drag shows in libraries and schools I mean it we’ve become a Banana Republic and it’s all being done in my opinion by Design because they’re just sitting on their thumbs doing nothing because the ultimate goal Andy in my my strong opinion is a centralized digital

Currency that is their Nirvana that is their Utopia because the left’s endgame they are laser focused like robots to control every aspect of Our Lives what we eat how we travel how often we travel what we say um what appliances we use they want to control every aspect of our

Lives and it goes off to you know the world economic forum and CLA Schwab we can get into that in another discussion but the end goal is a centralized business digital currency that’s uh that’s why uh they are letting this thing crumble to your point so they can

I mean how many people know that Biden signed that into executive order as well that’s right no one does and that L dard worked in in conjunction with MIT when she was at the Boston fed in development of the Central Bank digital currency and and the only way that you get people to

Take a central bank digital currency cuz you know look I know the circles that you walk in and and people that you talk to are highly educated and successful and so they’re not going to take it well but what happens if everything blows up and and that the blowing up wasn’t our

Fault it was those guys they did it to us so everything blows up everyone is brought down to a a you know a common denominator and then are incentivized strongly to take the cbdc absolutely a and I think if you just take all partisan politics out of it and just

Look at the border how the hell is this being allowed how the hell can we allow and look when we send troops to a foreign country do we send 10 million of them no we don’t and so 10 million is an invasion and it’s Invasion that is being

Done uh for very nefarious reasons many of them we have no idea where they’re from or what they’re all about and then you get the FBI saying we’re we’re very concerned about homegrown Terror well gee I wonder why and and so you know when you talk about these types of look

I think all you have to do is think to yourself every little boy and girl who grew up around the world wanted to come to the United States they watch us TV they listen to music they inspired to the things that we have maybe taken for granted freedom Liberty the First

Amendment the ability to you know freedom of of of religion freedom to protest all of these wonderful things that made this country what it is and they look at this country now and say what the hell is happening in the United States they’re completely completely astray from from the fundamentals that

Made the United States great and I think the biggest one is is is liberty and justice you know I mean Justice in particular uh and I question is it being administered equally and and the elections and the open borders I think we are along with all the woke ideology

That you’re talking about which is ridiculous and cancel culture and and and and censorship I mean all of this stuff is you couldn’t make it up any any more and I think if it was just the mismanagement of the dollar we’d be okay because people would still Inspire

Espire to be or to come to the United States to be part of this wonderful country but when they look at it now they say my God what is this The Rocky Horror Picture Show what’s going on and I and I think that’s when you ask could

This be done by Design look we should be doing everything we can to cling to the world Reserve status to say no we’re not going green we’re going to do what we can to to be you know clean in the way that we do things but no we realize that

We need fossil fuels in order to run the world okay fine but to but to tell Saudi Arabia we’re going green and to weaponize the dollar against major countries in the world two of them are bricks members you’re out of your mind and then let all of this stuff happen

Here and and and do such crazy things like try and pull Trump off of the the ballot when he hasn’t even been convicted is just absolutely unamerican and I think it’s the the one thing that the world is seeing and I think we are losing confidence and certainly we are not the the

Inspiration and admiration of those little boys and girls who want to come to this country and they grow up shaking their head at what the hell has the US become so I I think indeed you could make a very sound argument aam’s Razer the most logical answer prevails yeah uh

This probably is being done by Zion and if it’s not then we really need to comp completely get rid of everyone in power and start over again and go back to the fundamentals this country stood for to begin with yeah and you wonder if that’s even possible um if that Train’s left

The station but um Andy sadly we’re already we’re already over time but if you don’t mind just spending a couple more minutes given everything that we just talked about what should people be doing now I know you get that question all the time maybe it’s hey I’ve got

Some money how much should I put in gold or how should I protect myself um because there’s ways no matter what’s going on people can do well and Thrive what what’s your recommendation I mean look I I sell precious metals my my company miles Franklin’s been around for

33 years I I have an affinity for them but I look at them John not as an investment but as wealth wealth that has outlived two world wars German hyperinflation the Great Depression every pandemic every awful thing that’s ever happened but wealth that at the same time has been accumulated uh more

Copiously over the last two years by the most powerful well-funded and well informed Traders on the planet the central banks have bought more gold over the last two years than at any time in Central Bank history gold was reclassified the world’s only other tier one Reserve asset next to US Dollars and

Treasuries there’s something significant going on with precious metals and I guess I would simply say look prepare prepare like there’s a hurricane coming it’s not a bad idea to have food water batteries a gun with bullets some gold some silver some small bills cash on hand all of those things but when you’re

Talking about um uh you know how you do this I think you do it methodically the way the bricks countries are slowly methodically uh and and and every single chance you get you know um pay yourself first if you will every paycheck take I don’t care if it’s $25 and buy an ounce

Of silver or or you know buy some supplies that you need just make sure that you are prepared for what’s coming because our mutual friend Robert kiaki has said many times and he said something that has stuck with me a lot and I use it a lot I borrow it from him

So I like to give them credit and that is that people can’t get out of the way of what they don’t see coming and I think that’s very appropo you know gold hit all-time highs and the London Metals exchange last week and alltime highs and GLD yet it is completely ignored by the

Mainst stream I’ll never understand it so you pay yourself first you try to minimize your the amount of debt you have get out of debt before you start buying gold get out of debt pay yourself first accumulate gold and silver and and or Bitcoin or whatever it is that you

Like on a habitual methodical basis that was the one rule my father told me 34 years ago this February when I started this company as a 19-year-old with him he said you will buy something every two weeks okay Dad I’ll do that and that’s 34 years later I own the company now for

Almost 25 years but I’ve honored my promise to him and is the greatest gift he ever gave me the ability to get out of the Rat Race here another another uh homage to uh to to Robert and and his game but to get out of the Rat Race the

Only way you do is is to pay yourself first so and I think that’s the best advice I can give anyone is and be methodical about it I got the same advice from my dad so real quick Andy sub it’s a subjective question is there a percentage that

Somebody should have in gold or precious metals I would I would work backwards from that because if if I told you what I believed I’d lose credibility instantly right but I would simply say this you work backwards from the fact that we are a country that is 130% debt

To GDP no one has ever come back from that without default or hyperinflation we are a country that has five trillion in assets of which 40% of student debt over 1.6 trillion and 150 trillion in debt we are broke we are insolvent and I would work backwards from there what

Percentage of your assets do you want that in in a in a c currency that in 7 years 100% of everything discretional including military needs to be borrowed I mean at what point does it become crazy so I would work backwards from that and I think I would minimize my

Exposure to the dollar when other people would tell you you know minimize your exposure to gold and silver that five or 10% financial advisers say they say that for self-serving reasons because they know that when you pull that money out of their advisory service that it ain’t

Coming back and the way these people make money is keeping it under management so I would simply say do your own um soul searching but I would say the biggest problem you have is not being a contrarian if you are not a contrarian right now I believe you’ll be

A victim yeah and I look at the fact that you have gold reaching all-time highs on the lbma and on on GLD and no one sees it as an incredibly bullish contrarian um uh event so yeah I don’t know I mean I’ll put it to you this way

25% to me is low okay but all right that’s a personal decision no that’s good that’s a great answer I appreciate how you how you frame that um and I love how you say if you’re not a contrarian you’ll be a victim that’s uh that was great so lastly Andy if someone wanted

To buy gold are they buying coins bars what are they what are they doing buy whatever they want we we offer both but there’s a whole bunch of States right now um Texas Utah Nevada Alaska Idaho Missouri Kansas North Carolina Arkansas Oklahoma all these states that have either passed laws in their legislature

Or have them in front of the legislature right now that say legal tender coins made by one of the major Sovereign governments only one or two of them say just us most say any Sovereign government would be used for all debts public and private including paying your property taxes in other words as

Currency and the fact that that’s happening is something I never thought I’d ever see in my life so what you are basically saying here is that the bullan coins the American Eagle or Buffalo the maple Lea from Canada the Australian kangaroo the philarmonic from Austria the United Kingdom britania or the South

African crew grand these are legal tender coins that uh the law says the value of the coin plus any Market premium not the face value but the the melt value so I think if I had my choice I would buy coins from one of those six

Mints and if I really had my choice I would buy the American Gold and silver eagle or the American gold buffalo they don’t make a silver Buffalo just a silver eagle that to me is the best choice and um it gives you the greatest liquidity and when you talk about owning

Assets like Precious Metals you want something that is immediately liquid free from subjectivity anywhere you go and here in North America that would be or in the United States for sure that would be the the um the American Eagle okay so American Eagle primary one obviously and you want to make sure I

Mean how does somebody how does somebody know that it’s not some knockoff from China it’s a good question I guess I would simply say you buy from a reputable company number one but look gold and silver have been money for 5,000 years largely because of the

Attributes you you put a piece of gold in your hand it plays tricks with your mind it it feels much heavier than it looks and and I think you’ll know right away immediately but you you don’t you don’t buy on the cheap you know we’ll be one of the most competitive companies in

America we’ve done almost 10 billion in sales and never had a customer complaint ever in almost 34 years this February and and we’re licensed and bonded in the state of Minnesota but there are other companies out there that are equally as reputable as ours I’m just saying do not

Buy by Fly by Night do not always just think that the cheapest price in North America is the best do your due diligence work with a company that has a great track record I know we do but uh I I you know I understand that people are working with other companies to have

Relationships that’s fine just make sure you’re working with one with a great reputation and you’ll never have that problem on that note how does somebody find your company how does somebody find you how does somebody buy gold or silver or other Commodities so you know we have a

Website miles franklin.com we we only allow up to $10,000 purchasing on there the best way to get our best pricing and to get any questions answered non obligatory no obligation is to send us an email at infoinfo milesfrom and just let us know that um you would like to

See our special price sheet the price sheet that we will email you is about as competitive as anything in the country yet we do not publish it uh on our website and any questions that you have on precious metals IAS on storage accounts on anything you’ve heard here

Today I have 12 or 13 Brokers that all of them are dear dear personal friends of mine going back most of my life many of them have very distinguished um previous careers on Wall Street or Wharton grads or masters of Business Administration from Temple University we got really sophisticated men and women

Who know what they’re talking about in politics geopolitics economics mathematics logic uh but if you just want to place an order you can do that too but it would do it would be best to ask any questions or just simply say hey please send me your price list and we

Will do so with no obligation uh info info at miles franklin.com would be the best way to do that wow that’s tremendous service thank you so much Annie thanks so much for your time today really really appreciate it especially in the new year I know things are really

Busy at this time so I really honored to have you just a ton of great information I swear I could sit here and talk with you all day long um well I could too John and have me back anytime you know from the first day I met you I I I

Thought you were very very intriguing in the topics that you talked about in your book something I find very very very fascinating and I I love having these conversations with like-minded people like yourself so honestly I’m I’m a text or a phone call away you will never have

To ask me twice it’s an honor to be here with you as well so thank you for the invite and happy healthy New to your family and to everyone out there I do hope to uh come back and pick up where we left off hopefully not too far down

The road absolutely and we’ll love love love to have you I know my listeners would love to have you back on so with that thanks everyone always a blast again don’t forget hit subscribe you don’t want to miss our our future episodes we’ve got some great guests

Lined up also please leave a comment it’s always great getting feedback your ideas or suggestions for other topics that you want to hear about as always have a great weekend Aloha thanks for listening and supporting full disclosure if you like this episode remember to like And subscribe and follow full disclosure to

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