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And welcome you are watching listening to the Financial Survival Network. I'm your
host, Carrie Lets. Well, I've been talking to this person for the
better part going on twelve years. We've talked about the moment we're at.
During that time, none of us knew exactly when it was going to happen,
but we knew it would and it's here and now I'm talking about Andy
Scheckman, Miles Franklin Precious Metals Investments. Who find them at Miles Franklin dot
com. Go over to the site and it's great to have you back on.
I wish we were here under happier circumstances, but the message needs to
get out. You need to understand that this time really is different. So
tell us your perspective on things now. Well, you know, I guess
I have two prospective. Lonman's character all It's always good to be here,
and anyone who wants until our new website is launched, which is long overdue.
Information on pricing, send us for an email at info oft Miles Franklin
and say care Lots or the financialst vival Network Sam and will make sure that
your listeners are treated the way that you would want them to with a fantastic
price and personalized service. But it's always good to be here. Thanks for
having me. Yeah, you know. I talked for three years about the
growing chorus of countries uniting under a common theme, and that is removal from
the Western hegemony, in the Western hypocrisy and all that goes along with it,
the sanction, the bully, the bombing, all of the things that
has made much of the world look differently at the United States from what it
once did. And the lynchpin of that, obviously has been Saudi Arabia.
We talked about for three years before anyone was talking about this, the significance
of a Belt Road initiative, the significance of gold being reclassified Tier one,
the only other one in the world, by the Bank of International Settlements.
We talked about the ramifications of the day we left Afghanistan, Saudi Arabia signing
and joint military cooperation agreement with Russia. It's huge. I started screaming,
this is it, because after all, it is the protection of the Saudi
Kingdom and the promise that the Saudis made by extension that OLPEC would value oil
globally in dollars for that protection. The day we left Afghanistan and the agreement
was signed between Russia and Saudi Arabia was the beginning of the end of the
Tetra Valor. Subsequently, Saudi Arabia has joined the Bricks Nations, this massive
group Brazil, Russia, China, India, South Africa plus sixty plus other
countries who are vying for have already applied to the bricks plus, including our
allies to the South Mexico just a few weeks ago, which is shocking.
But the ramifications of Saudi Arabia moving to a currency or a group that has
promised to issue a new reserve currency pagg to commodity. After all, what
is gold the only other Tier one reserve asset who's been accumulating all the gold,
not just the bricks countries who are the largest producers and accumulators but countries
like Turkey our ally who last year brought more role than anyone in the world
and is continuing that year in twenty twenty three with massive acquisition in January.
In fact, central banks in twenty twenty two carry brought more role than any
time since six seven and second most in history, and those numbers in January
here in twenty twenty three are doubling down a month over month increase of one
hundred and ninety six percent from December. They are amplifying their efforts to de
dollarize and accumulate gold using the Western suppression of price support, the bond market
being scam as cover now it grows by the day. These things that are
happening outside the country, including Saudi Arabia now applying for the Shanghai Cooperation Organization
as a dialogue partnered as the first step to full membership. They are a
military organization as well, a very large military organization anchored by the Chinese Army.
So you have on one hand Saudi Arabia being protected by Russia an agreement
that was signed in August of twenty twenty one, and now by extension the
Shanghai Cooperation Organization and being protected by China, and after gout you have what
is in essence the beginning of the end of the petro dollar. First,
they must position themselves so that they don't end up light. Libya and I
racked in when they both threatened to sell their loyals for gold and eural but
to be positioned and protected by the majority of the world's population in two very
large armies. You can see the handwriting on the wall. It's bad enough
that Saudi Arabia is moving away from the West, and what is the dollar?
Hegemine the right to only price oil indollars that's coming to men. But
when we see our neighbors like Mexico formally applied to bricks. So we see
France just the other day do a massive liquid natural gas full with the UAV
and China to be paid for any u wand bad enough we see that.
But McCrone just left Saudi Arabia, are skinny China and sign a fifty one
point treaty agreement range you from five G technology to military engaging. Yes you
heard that, right to military engagement. Where mccron came out and publicly said
that we must distance ourselves from the US and it's problems with China and Taiwan
where we can't even in Europe. Six the problem in the Ukraine. Why
should we think we can have any significant impact on what is happening in Taiwan?
He went on, but also say that a lot of people in Europe
are complaining about the US, saying she's not just on countries like Russia and
Iran, but in corporations and companies who deal with other countries at the US
deans inappropriate, such as the French bank that was mined almost four billion dollars
a few years ago for trading in Iran, and that they want to distance
themselves from that. One of the things that I found most shocking about the
article and political that talked about this is the brand new article is what wasn't
said? I want to redo you something before I talk about what's happening inside
the country app to taking questions. Also, as is common in France and
many other European countries, the French President's office, known as the Elite's Palace,
insisted on checking and proof reading all of the president's boats to be published
in this article as a condition of granting the interview. This violates Politico's editorial
standards and policy, but we agree to the terms in order to speak directly
with the French president. Political insisted that it cannot deceive its readers and would
not publish anything the President did not say. The quotes in this article were
all actually set in by the President, but some parts of the interview in
which the President spoke even more frankly about Taiwan and Europe's strategic autonomy, were
cut out by the elise you have our allies, why are leaving the room?
And this is very troubling and what accunant when all of these countries are
coordinated sufficiently enough, with commodities, with military relationships, with strategic relationships such
as I Ran and Saudi Arabia mending fences Sunni and Shia I hated each other
for centuries but are now as a peace deal broken by the Chinese sitting at
the table and putting embassies in each other's countries to mend fences. Because after
all my enemies, enemies, my friend, this is their one shot to
break free of the centuries all hegemony, not just by the US, by
the Western general Europe. Before that they're breaking free. They realize that a
system dominated by commodities and transparency allowed. Those commodities that each country will pledge
to the new Bricks currency or to the new Shanghai Cooperation Settlement currency will be
pecked to gold and other commodities, the veracity of which will be shown on
a distributed ledger. I believe the successful four year try of the digital Juan.
When that happens, it is a religious experit experience as dollars are globally
dumped, as no longer will they need to only take dollars for oil.
Since seventy four every country and the planets had to own it. It's created
a synthetic demand for the dollar. Those days are coming to an end.
And when those dollars come rushing home because they no longer are needed to buy
oil, the world will dump them as fast as you can say don't.
And the by product of those dollars flooding home will be interestrates to go to
the mode to compensate for hyperinflation, which is the great reset. Stocks,
bonds, real estate, and the dollar collapse simultaneously. When Saudi Arabia makes
the stay first, they need to cover their six and their twelve, that
being protect themselves, and they've done that by aligning with the bricks with China,
the Shanghai Cooperation Organization, Russia and all of the others. So that's
well, that's the bad news from outside the shores, and the bad news
from inside our shores would be the weaponizing of the bank. I guess you
could call it. Janey Gellen in her Subcommittee House Subcommittee Inquiry told the Representative
of Oklahoma when he asked, Madame Secretary, will you protect and bail out
all of my constituents in Oklahoma if a regional bank goes bus just like you
did Silicon Valley Bank and Signature Bank and our answer was no. She said
no, we will need to have an uber majority of the FOEMC, which
is the FED, the FD I see myself in the President to decide if
they are systemic enough. But Kerry, these regional banks, almost five thousand
of them, are responsible for seventy percent of all the small business loans in
this country. The small businesses have always been representative of nearly forty percent of
US cheating p and even more shot when you look at what's happening to commercial
real estate since the pandemic, they are responsible for the majority of the commercial
real estate loans. Not the big skyscrapers that JP and City and Morgan Stanley
might back, but the majority of all of the commercial real estate in this
country is run through these regional banks which are now loop going up over one
trillion dollars? Was the ain't out of these commercial these these small regional banks
over the last week in search of safety in the commercial banking system because their
money markets are paying a greater return than the cvs and the banks which are
systemic and will fail. And when they do fail, if they're not systemic
or not, they'm empty backstop according to the Treasury Secretary, which leads me
to a thought process, so that I would like your people to think outside
the box about and then I'll take any questions you have, because on one
hand, we have what troubles me outside, but what troubles me inside is
the what if? And that is a lady named Lelee brainer Leale Brainerd was
originally at the Treasury, and when Powell came up for reappointment, she ran
for for the Fed Chairman, and I thought she would actually take it because
I didn't think the president would reappoint a Trump appointing that being Fed Chaman Paul.
But he did surprise me and Leale Brainerd when became vice chair at the
FED. Now everyone bitches about Jenny Yellen being at the Treasury and then or
at the Fed and now at the Treasury. Leale Brainard was at the Treasury
and then the Fed. Now she just left the Fed and she is now
at the White House advising the President on an economic advisory capacity. And what
scares me about Lal brainer and her time at both the Treasury and the Fed.
It's her thesis that she ran for for the Federal Reserve chairman, and
that was modern monetary theory, all transactions are all policy goes directly from the
central bank. Her whole policy is abolishing the banks, including the commercial danks.
So if she went to the Treasury and then the Fed figured the lay
of the land, talked about her philosophies which were very open and candid,
and now is advising the president if you really want to have a central bank
digital currency and do it the way Little braidered once, wouldn't the first step
be to remove the five thousand regional banks? Might a fuse under them?
Scare everyone? Our business carried has one pair out ballot over the twelve thousand
new clients in thirty days. Well, those people who are running to the
commercial danks to safety preceive safety, and the too big to fail commercial dans
are also running to gold. If you wanted to get rid of the banks,
including the commercial banks, step one is to blow up the regional vents.
Get everyone out of those banks, terrified that they won't be bailed out,
just like Signature in Silicone were. But we're told they won't be.
So where do you go. Well, you go to the safety of the
commercial banks and they're paying a higher with dirt. Great, let's leave and
blow up the regional banks, which is going to have a profound effect on
the economy, on small businesses and on commercial real estate. But if you
really want to be diabolical and think about what could happen, what does Leal
Braydon want to do? Get rid of the banks, pen everyone into a
small group of banks, and blow up the commercial banks. They're all tied
together with massive amounts of derivatives. Last I look, JP Morgan had over
fifty trillion in derivatives A trillion seconds ago was thirty one, six hundred and
eighty eight years ago. These are numbers that you can't even comprehend it,
none of us can. And these derivatives tie all of the commercial banks together.
This is exactly why UBS was built out excuse me, credit Swiss,
and this is exactly why the less talked about twenty billion dollar lifeline was given
to the second largest bank in the world. This was Bank Corporation. I
believe they're called by the US FED, not by the Swiss Central Bank.
They know the systemic nature of all of this. And if you want to
light a fuse and get everyone into those banks and then blow up those banks,
well there you go mentioned accomplishing. I'll roll out of your name,
CBDC. Now a lot of this is some position, at least in terms
of what's happening here. But follow the progression of defense. Follow the person
that seems to be maybe giving advice on this. If you want to get
to that point where the commercial and the regional banks have gone, steph one
is to get everyone into a handful of small banks in that and blow them
up. What happened, maybe maybe not, But the point of it is
is that we have so much happening outside the country, so much happening inside
the country, policy decisions that are upside down. Where one hundred and fourteen
million billion to the Ukraine is okay given tenses to their government when there's a
one point seventy five trillion dollars pension shortfall in this country, but five billion
to build a wall to keep fed and Off from pouring in and almost six
million in legal immigrants pouring into this country is too much. Everything is upside
down? So why do you even buy bullets over Because the world is to
become very scary, and because there are many, many, many trigger points
I believe, whether it be outside of the US or inside, that could
very quickly change the dynamics of everything we know as a country. And the
worst part about all of this is that with my success comes trouble for everyone
around me, but I love them care thout. This is not about getting
wealthy. This is about accumulating wealth that the central banks are making a massive
effort to do, of course, using the westerns of pressure to do it,
but an asset that is outlived two World wars, German hyperinflation, the
Great Depression, every pandemic and everything the world has thrown out, And so
to me This is about reaching for that lifeline as you're being ganked down under
the water. And that's honest to God, what I mean about gold and
silver, and I hope people realize I think we're getting to the twelfth flour
based upon the massive expansion slowly into the mainstream as recognition of what's coming and
becoming more pervasive. And on that note, we're seeing two thousand dollars gold
looks like it's there to stay and silver is nearly twenty five and a half
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bucks. Yeah, and you know, it's been a rough ride for those
about school believe that there than logic and outcome are correlated. There has been
a great counterintuitive effort to suppress prices. But that's part of the game.
You know, that's exactly what what the central banks are doing. They're suppressing
the paper price and accumulating the physical and then papering over the shorts. And
that happens until finally the people who take the other side of the shorts,
no, no, no, no, I want delivery. And we're getting
close to that moment. There's not enough gold and silver out there to handle
this continue draw down of supply by the big money, and it's the suppression
of the paper price that's throwing everyone off the send. Not the smart Barney,
but most everyone in this country. Makes you wonder how much gold and
silver are really in the gld SLV. Yeah, it does. And why
does GLDNSLV have massive short positions on it. Why should it be able to
make it short ETF it makes more sense. But I do think there is
gold and silver in there, just don't know how much. I think if
the government ever tries to confiscate gold and silver again, that's their target.
If you believe the numbers. SLD be League is the largest stockpile of silver
in the world, administered by the biggest crook on the planet. That crook
will created nine hundred and twenty million dollars for suppressing the metals market to the
just Department allowed to administer the largest silver trust in the world, JP Morgan
and GLD, administered by a croak of equal caliber, that being HSBC Bank
who's paid billions and billions of dollars in fines, including for laundering drug money
for cartels. It's a SNAM, it's a sham. But if you wanted
to compassate gold and silver, you have two funds that attracted all of the
big money, all of the financial advisors who make money keeping clients under management
and tell them by GLB by us old don't buy the real they you don't
want that it's too hard to store, blah blah blah, because they want
to keep everyone under management. But now you have all of this bold and
silver held in central locations with a pink ball wrapped around them by administered by
the cartel bites who suppress the price. You can add your cake and eat
it too, non't. We didn't invent any civil liberties or break any laws.
We just took the two funds. You can still lon trissical and doing
that it would allow them to not go door to door to people who are
not as patriotic as they were here at thirty three, and people who have
NRA certificates on the front door. So I think that's a more likely scenario.
But yeah, it's it's crazy. Gb NSLB are the worst worst ways
to own precious metals period. If you own at read pages six through twelve
type of risk factors, you'll sell it the next day, you know,
I actolutely respect actually read that andy twelve years ago, and I'm sure they've
added to it since, and nobody knows where it is who has it,
because there's subdepositories throughout the world, and you know those subdeposit or is In
the prospectus, it even says that the custodian does not reserve the right to
visit premises on the subcostodian, and if the subcustodian is in fact not holding
good delivery bars, they are not responsible for that. Nor are they responsible
for the arizon oral missip of the subdistodians. The custodian is depthing JP has
distanced themselves so far, and fraud and liability, it's our radius and debregis.
But this is part and parcel the way that these institutions do business on
a larger scale. All right, so we can say clearly this time this
is your last warning. Yeah, one of these times the little boy like
me who Chris Wolf sees the wolf Wolf comms at some point and that's the
bummer of being early. But I swear to God, I'd rather be sixty
second or sixty six months, six years early than sixty seconds late. And
so a phone valley banks for example of that, you woke up to a
new reality on Monday morning and zactlyaarbus will go down. You'll wake up on
a Monday morning the bricks are have issued their new settlement currency, and Saudi
Arabia it is no longer taking dollars for royal or you'll waked up on a
Monday morning, and four other regional banks have brought down, you know,
a whole bunch of more banks and companies and insurance companies. I mean,
the systemic nature of everything is beyond dope of a FETE to be able to
paper over. In the last three weeks, the FETE has added four hundred
bility to their balance sheet, which he races two thirds, almost three quarters
of eleven months worth. The point of dat of tightening in three weeks.
I can't do it, can't do it. It's inflate or default. And
I think that's what the world is realizing and moving away from. Why sell
oil or party favors if you're China to the United States for dollars that are
being depreciated in the country that can pick and choose who can use the world
reserve currency, and worse yet, weaponize it and kick you out of swift
and sanction and or compter scate your assets. It is ignited a daisy chain
of events, and I think it's too hard to stop it now. It's
just a matter of time, all right. So obviously this is going to
lead to a global financial meltdown. I mean, I understand these countries trying
to protect themselves the last minute. But between Europe and the US, you
know, forty percent of the global demand will evaporate for virtually everything overnight.
Well, and you can see are even some of our allies in Europe are
starting to exit stage left, like mccrolan. Look a look at Mexico over
here. Rumor that's that Australian New Zealand are going to join, Rumor that
Japan is going to join. Don't know it to be true, but we're
already seeing a lot of our allies, like Turkey, like Saudi Arabia,
lik Egypt, like Mexico. They're leaving. And I think you'll see that
as a growing trend, as sides will have to be chosen, lines will
have to be drawn, and at some point it becomes every man for himself.
Yeah, well, forty percent of global demand where goods and services evaporates
overnight. Nobody's left standing on this. It's going to take decades. But
to rebuild. It would be much more fun to talk about us all making
money and sailing lots on our yacht with a martini in hand. But that's
unfortunately not the reality. The reality now is that gold and silver will allow
you to survive and maybe even thrive, maybe take advantage of great opportunities once
to dust set those and you know, will we'll find our way out of
this. Don't never count out Americans, especially when the backs against the wall.
But this is real, and this is potentially the end of a hundred
year role as being the world reserve. Hey, it was a good run,
it was good will it lasted. But I'm just thinking what the world
looks like afterwards. I mean, China is having an economic collapse of their
own and everything's melting down there, profits everything. It seems like the only
company doing well in the world is Tesla. Yeah you knoweah, yeah,
well, I think diversified. The point of it is that what makes this
outside force so compelling is the unity of it. What made the United States
what it is was the unity of it, and that is what makes exist
this group of countries together, their military, their GDP, their cohesiveness is
greater than the West. And that is what they are using. And to
make it work, you use commodities and transparency blockchain to show what commodities are
pledged. You have an audited you do it right. It's their one chance
and I think they realize that, and that is the rallying gride, the
glue or the commodities and the transparency that make it work. And I think
they have a better chance of sus seating now than they've ever ever ever had.
And that's what is making this I think so concerning at least to me,
and I wish more people saw all. Fox News and CNBC are now
talking about it like they're onto something. I've been screaming this on your show
in a mean uters. Wake up people, It's it's coming. And if
you don't, if you don't get out of the way of what's coming,
if you don't see what's coming, you can't get out of the way.
Open your eyes and take up a impartial, non subjective look at it,
and I think you'll be a little concerned by what to see. Even states
are trying to line up precious metals excess right right at whole Missouri, Kansas,
Alaska, Oklahoma. Yeah, they're all talking about not only allowing gold
and silver to be held in the state treasuries, but to be used for
debts public and private. Idaho Representative my hero, let's not forget Representative Mooney
from West Virginia, who spearheaded all of this, but gets up on stage,
this guy from midahoans we need to let our constituents in the state of
Idaho do what the central banks around the world are doing, dollarize the accumulate
goal. There are a few good people in politics. There are a few
people with their eyes over who see what's coming. And God bless a guy
like that or Mooney or any of these politicians who are standing up to the
federal government and their brain bad monetary policy, better reserve and pistol policy of
the government. They are destroying. They are destroying the really good thing,
and that is the world reserve status and the good graces of our foreign so
hey, So then the question is what do you buy gold or silver?
Yes, silver really just thing to buy, but it's less portable. Or
where do you buy them both? When the music stops? The place to
be is the only other pier one reserve asset in the world goal. But
the pathway to getting there is generationally intriguing. I believe silver is a an
opportunity in the value of the generation that allows you to trade into goold in
the ratio corrects roughly on now it's average forty to one for the last two
hundred years is coming out of the ground at seven to one, but it
came on the ground at sixteen to one to five thousand years, meaning that
the geologic ratio is disappeared. It is depleting because of the expansion in uses,
in the fact that it's found very near the surface as a form called
epithermal. Big deposits will found forever ago. So silver to me is the
greatest upset potential, the way to make money. Gold is money, so
is silver. But in the end, most of my buildings will be in
bold. Right now they have very large percentages in silver. It is too
intriguing of an opportunity to pass up. So had you're bad and buy some
of the bold. They've both been considered money that are not simultaneous as someone
else's counterparty risk or liability for five thousand years, and in times of great
uncertainty like we see right now, that's when we want to rely on history
and the valiant found in something that is lacking counter party liability, And now
is the time to be wet. I couldn't agree with you more. So
just tell us how we buy gold from you and how we connect with you.
Yeah, We've been knee deep in what has been an awful experience for
almost a year now bringing their new website to market. It's nine percent ready
to roll until that. Sending us an email at info of Miles Franklin.
Our website is operational to store there, it is not. The prices the
inventory are not, so send us an email at Infall of Miles Franklin dot
com mentioned the Financial Survival and network sent me We'll send you an uptivate inventory.
We'll answer any questions you have, and we'll contact you if you want
to be contacted, and we'll make it a good experience that I can assure
you. And I certainly appreciate the endorsement from me of Gary and means an
awful, awful lot. Take that real serious too. Well, you're the
only people that I buy medals from because I know when I buy them from
you, I will get them. Not that I put recently, but in
the past that's always been the case. And still there's no way to ship
it. You'll be shipping it well. Good thing we don't live too far
away from each other. You can always drive and I'll give it to you.
I appreciate it. Aside from that, Yeah, I agree with you,
until until we're not able to do it anymore. We'll be here and
plot in a way and work real hard to keep our good name and a
reputation intact and the honor of the of an endorsement. Well, we'll do
all we can to upholl that and that I can promise you when your lessons
out there, that that's priority number one. Going on twelve years now,
and you know, like I say, you're the only one I trust.
Hey, you've got a question for Andy or myself, shoot me an email
kl at kryltz dot com. The link to Miles Franklin's website or to Andy
is in the show notes this interview on Financial Survival Network dot com. Make
sure you sign up for your free newsletter. You know, Andy, we
called this many many years ago. Didn't know how long it was going to
take, but clearly it's getting much closer. And wish everybody godspeed, and
Andy, we will talk to you again soon. You stay well, brother,
It's always good to see your face, Jerry, and hopefully we'll get
together in a person here all soon. I'll look forward to picking up where
we left off and tell them thanks for listening. To carry Letts's Financial Survival
Network your solution to today's trying to names for the latest go to Financial Survival
Network dot com. Financial Survival Network now more than ever,