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Speaker 1: The feder has really been slow rolling rates for a

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very long period of time and kind of pushing things

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off as long as they possibly can. So I expected

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Powell it said late last year that he didn't think

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that he were cut rates but one more time this

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year and at the earliest I thought it would probably happen.

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It would get pushed into the fall time. So that's

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looked like where that's heading and what this recent oil

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price is going up. I mean, they might not do

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anything at all.

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Speaker 2: You were listening to Carrie Let's's Financial Survival Network, where

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you get valuable information. You just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: Welcome you are listening to and watching the Financial Survival Network.

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I'm your ghost Carrie Let's with us today. Financial expert

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Patrick Mueller been on the show before. Very insightful guest

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who definitely gets it. Patrick, no go on the FED cut.

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The markets are not appreciating this, are they.

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Speaker 1: Not at all? And it's not I mean to me,

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it was to be expected because the FED has really

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been slow rolling rates for a very long period of

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time and kind of pushing things off as long as

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they possibly can. So I expected Powell, it said late

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last year that he didn't think that he would cut

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rates but one more time this year, and at the

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earliest I thought it would probably happen. It would get

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pushed into the fall time, and so that's looked like

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where that's heading and what this recent oil price is

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going up. I mean, they might not do anything at all.

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I mean it could end up being the opposite, depending

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on how long this escalation happens in Iran.

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Speaker 3: So let's talk about that. Because the market hasn't gone

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crazy over it. We've actually seen gold and silver decline.

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The safe havens, traditional safe havens appear to be behaving counterintuitively.

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What's your take on that. Why is that happening?

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Speaker 1: I think it was just time for gold and silver.

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I mean, it's been on such a run up here

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for such a long period of time now, and I

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think we're just seeing just a normal pullback. I think

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you're going to start seeing it the price to start

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moving back up here with all the uncertainty that's happening

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right now in the markets, what's happening around the world

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with Iran and Venezuela and China and Russia. And as

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we start seeing more of this uncertainty and AND's some clarity,

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I don't see it. I don't see that trajectory changing.

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I think it's going to continue to be that safe.

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And especially silver. There's so much of a demand for silver,

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especially more so than gold longer term with all of

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the electronic vehicles and solar and all that. There's just

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such a huge demand for that right now.

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Speaker 3: Yeah, for sure. And it's the industrial demand for silver

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really has been increasing for at least past fifty sixty years,

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but nobody knew it because there was enough reserves for

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a while, there was scrap from photography and all those things.

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But you know, back in nineteen sixty, silver is sold

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for eighty ninety dollars an ounce, and now even with

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the hit that it's taken, it's as seventy something. So

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it's far exceeded even the most pessimistic estimates of inflation

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during that period, hasn't it.

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Speaker 1: Absolutely? And I don't think it's going to show any

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signs of slowing down here in the future, especially as

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we're going to see more rise and costs from the

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price of oil basically doubling right over the last month.

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We're going to start seeing that bleeding into everything else

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that we buy. And it's going to take a little

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while before it starts hitting the more so at the

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gas bumps, and and you know, as that starts happening,

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I think we're going to start seeing more and more money,

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you know, flying into those those safe havens as our

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dollars been weakening and and as things keep escalating.

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Speaker 3: Well, I know I really shouldn't ask you this question,

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but I'm going to ask it anyway.

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Speaker 1: Do it.

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Speaker 3: Just buckle your seat belt. The war, okay, I don't

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want to talk about who's winning or losing. I mean,

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in absolute terms, the US is winning. But every time

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the theocracy, every day they hold on for another day,

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that's a victory for them. How much longer they could

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do it? None of us are really in a position

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to say. But what we can judge is its impact

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upon the markets, how that's affecting the stock market, how

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it's affecting inflation in the United States. That we can

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talk about, can't we absolutely?

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Speaker 1: And what with what's happening in Iran, and you know,

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really you know started and you have these strategic moves

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that have been happening with Venezuela and you know, cutting

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off China and Russia from these different sources in Cuba,

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and then now it's Iran, and so it's really more

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of a play. Not not necessarily that things Didney display

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for nuclear reasons with Iran, but it was more of

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a long term play I think with those countries than anything. So, uh,

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you know how long this is going to continue. I mean,

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it's definitely work. Definitely, with the price of oil doubling

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over the last month, we're going to start seeing that, uh,

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with everything moving forward with with with inflation. But who

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knows how long it's going to take for that to

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cool down and for the waterways to completely open up there,

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for for that to escalate. I mean it's like, uh there,

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you know, they'd be getting, you know, really beat up

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right now and just not wanting to surrender and who

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and who now, who knows how long that's gonna keep on.

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Speaker 3: Well, I don't think it could keep on indefinitely because

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I think at some point the proxies smell blood and

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they go in, whether it's the Kurds, the Azerbaijani's or

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Azari's as I just found out they're called recently, always

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called them Azerbaijanis. But you know, at some point it's

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going to end, but it could go on longer than

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anybody is anticipating. You know, it's amazing what has happened

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in Trump's second term. The first thing he did was

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take back the Panama Canal, and he did it. He

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said he was going to do it, sent Marco Rubio there.

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Luckily Marco still remembers his Spanish. Within a day or two,

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Panama said they were taking back the canal. On February

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twenty third, they ejected the Chinese company C. K. Hutchinson

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used to be called Hutchinson Wampoo, which I thought was

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a better name. And then shortly thereafter it shortly before Maduro,

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He's gone, you know, at yos Amigo, and all of

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a sudden, Venezuela is like marching to the beat of

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a different drum, mainly Trump's drum. And you know, I

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knew the moment that he said he's taken back the

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Panama Canal, that Venezuela was on the list, and that

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Cuba was the ultimate goal, because look fifty nine, so

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we're looking at nearly seventy years, sixty seven years communists

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have been in charge of Cuba. Any president that changes

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that course of history goes down in history. I did

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have a reason I was going to ask this question,

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but you know, lessons of the past. One of the

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main reasons Japan attacked the United States in World War

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Two was because we embargoed everything, especially oil, so they

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had no access to energy. Are we doing the same

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mistake with China? Yeah, they can still get oil. They

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still produce a little, there's some nearby producers, but a

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large chunk of their oil comes from Russia and from Iran.

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So what are your thoughts there.

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Speaker 1: I think he's definitely pushing the boundaries on that one.

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I mean, obviously it's got to be you know, hurting China.

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You know they had were shutting down or you're backing

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off of a lot of their refineries and China, and

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you know, it's it's a different day in time, you

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know that than it was back then. I mean, there's

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a lot that that's changed, but there's a lot that's

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that's really the same. At this point, it's like, how

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much are they You know, Trump's really good at playing

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the card of how big we are and how much

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power we really have around the world and just how

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dominant that is. And I think that's exactly what he's

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showing right now. He's like, oh, yeah, well we're going

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to start, you know, moving into Venezuela, right, took out

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Maduro Cuba. I mean, he's really hitting on a lot

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of these things that no administration has done. Everybody's wanted

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to stay away from, probably because they were profiting from

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a lot of the stuff that's been happening, as most

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politicians typically do. So I think a lot of these

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these huge countries are taking a big hit. It's just

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a matter of how far he can he can push

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these countries before they really start pushing back.

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Speaker 3: Yeah. You know, I was never one to believe that

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he was a dictator, fascist or whatever, but he surely

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seems to be an imperialist.

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Speaker 1: Yeah. And most of the things that have happened, whether

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it was you know, going in and you know, to

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the cartels in Mexico, whether it was the Panama Canal, Venezuela,

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I mean, a lot of these moves have been very surgical,

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not wanting things to be long and drawn out, and

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so hopefully that's the same thing happening with Iran. Now

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hopefully it's not going to be long and drawn out.

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It's just a matter of how how long is that

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going to take? But I wouldn't think that it would

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take too long for about to kind of turn around.

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But who knows.

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Speaker 3: War is there, you know, like Mike Tyson said, everybody

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has a plan until they get hit in the head. Right,

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that's right, So we get hit in the head there,

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But you know it, war's dirty business and all that.

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In the long run, they can't possibly prevail. This is

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not like the North Vietnamese, right, you know, in the

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Viet Kong and well in viet in the Vietnam War.

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Obviously it's different than that. So when we have this

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conversation next year, where do you see things shaking out?

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Speaker 1: Well, I think I think what's going to end up

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happening is at a certain point a Ran is going

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to be back and down. The prices of oil is

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going to come back around domatically once once the waterways

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open up. I think it's great for the Arabian people

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right to you know, to to be able to have

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more freedom. Hopefully with whatever gets into power there. There's

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you know, just been so much repression that's been happening

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in that country. It would be nice to see people

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to be lived freely again as they once did. So

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that would be nice to see, right from from that perspective,

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But I don't anticipate this going on in extremely long

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period of time. Those waterways are going to open up.

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They're going to get pressure from you know, other countries

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like you were, like you were just bringing up there.

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You know, Iran's going to get pressures to to open

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up those waterways. And then you know, Trump wanting to

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back out of NATO right as you're going to start

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pushing a lot of those other countries to act and

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start doing something. So they're you know, they're are going

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to get kicked off of that gravy train.

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Speaker 3: Yeah yeah, all right, Patrick, tell us where do we

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find you, how do we connect with you on the web,

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and what you can do for us now?

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Speaker 1: Yeah, give us a hit us up on belladvisors dot

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00:12:01,799 --> 00:12:06,159
com and we help folks with wealth management and rotana planning.

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So if you need help with that stuff, go to

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Belladvisors dot com.

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Speaker 3: All right, and I can say safely say of my

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guests to Patrick and dot I've had one thousands on Patrick,

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I've done it for ten thousand podcasts past fifteen years.

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You are one of the more knowledgeable and engaging guests

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that come on the show. You're always welcome, appreciate your

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stopping by and we will talk to you soon.

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Speaker 1: Thanks Kerry. Great to be with you.

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Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

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solution to today's trying times. For the latest, go to

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Financial Survivalnetwork dot com. Financial Survival Network now more than ever,