Speaker 1: The feder has really been slow rolling rates for a
very long period of time and kind of pushing things
off as long as they possibly can. So I expected
Powell it said late last year that he didn't think
that he were cut rates but one more time this
year and at the earliest I thought it would probably happen.
It would get pushed into the fall time. So that's
looked like where that's heading and what this recent oil
price is going up. I mean, they might not do
anything at all.
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Speaker 3: Welcome you are listening to and watching the Financial Survival Network.
I'm your ghost Carrie Let's with us today. Financial expert
Patrick Mueller been on the show before. Very insightful guest
who definitely gets it. Patrick, no go on the FED cut.
The markets are not appreciating this, are they.
Speaker 1: Not at all? And it's not I mean to me,
it was to be expected because the FED has really
been slow rolling rates for a very long period of
time and kind of pushing things off as long as
they possibly can. So I expected Powell, it said late
last year that he didn't think that he would cut
rates but one more time this year, and at the
earliest I thought it would probably happen. It would get
pushed into the fall time, and so that's looked like
where that's heading and what this recent oil price is
going up. I mean, they might not do anything at all.
I mean it could end up being the opposite, depending
on how long this escalation happens in Iran.
Speaker 3: So let's talk about that. Because the market hasn't gone
crazy over it. We've actually seen gold and silver decline.
The safe havens, traditional safe havens appear to be behaving counterintuitively.
What's your take on that. Why is that happening?
Speaker 1: I think it was just time for gold and silver.
I mean, it's been on such a run up here
for such a long period of time now, and I
think we're just seeing just a normal pullback. I think
you're going to start seeing it the price to start
moving back up here with all the uncertainty that's happening
right now in the markets, what's happening around the world
with Iran and Venezuela and China and Russia. And as
we start seeing more of this uncertainty and AND's some clarity,
I don't see it. I don't see that trajectory changing.
I think it's going to continue to be that safe.
And especially silver. There's so much of a demand for silver,
especially more so than gold longer term with all of
the electronic vehicles and solar and all that. There's just
such a huge demand for that right now.
Speaker 3: Yeah, for sure. And it's the industrial demand for silver
really has been increasing for at least past fifty sixty years,
but nobody knew it because there was enough reserves for
a while, there was scrap from photography and all those things.
But you know, back in nineteen sixty, silver is sold
for eighty ninety dollars an ounce, and now even with
the hit that it's taken, it's as seventy something. So
it's far exceeded even the most pessimistic estimates of inflation
during that period, hasn't it.
Speaker 1: Absolutely? And I don't think it's going to show any
signs of slowing down here in the future, especially as
we're going to see more rise and costs from the
price of oil basically doubling right over the last month.
We're going to start seeing that bleeding into everything else
that we buy. And it's going to take a little
while before it starts hitting the more so at the
gas bumps, and and you know, as that starts happening,
I think we're going to start seeing more and more money,
you know, flying into those those safe havens as our
dollars been weakening and and as things keep escalating.
Speaker 3: Well, I know I really shouldn't ask you this question,
but I'm going to ask it anyway.
Speaker 1: Do it.
Speaker 3: Just buckle your seat belt. The war, okay, I don't
want to talk about who's winning or losing. I mean,
in absolute terms, the US is winning. But every time
the theocracy, every day they hold on for another day,
that's a victory for them. How much longer they could
do it? None of us are really in a position
to say. But what we can judge is its impact
upon the markets, how that's affecting the stock market, how
it's affecting inflation in the United States. That we can
talk about, can't we absolutely?
Speaker 1: And what with what's happening in Iran, and you know,
really you know started and you have these strategic moves
that have been happening with Venezuela and you know, cutting
off China and Russia from these different sources in Cuba,
and then now it's Iran, and so it's really more
of a play. Not not necessarily that things Didney display
for nuclear reasons with Iran, but it was more of
a long term play I think with those countries than anything. So, uh,
you know how long this is going to continue. I mean,
it's definitely work. Definitely, with the price of oil doubling
over the last month, we're going to start seeing that, uh,
with everything moving forward with with with inflation. But who
knows how long it's going to take for that to
cool down and for the waterways to completely open up there,
for for that to escalate. I mean it's like, uh there,
you know, they'd be getting, you know, really beat up
right now and just not wanting to surrender and who
and who now, who knows how long that's gonna keep on.
Speaker 3: Well, I don't think it could keep on indefinitely because
I think at some point the proxies smell blood and
they go in, whether it's the Kurds, the Azerbaijani's or
Azari's as I just found out they're called recently, always
called them Azerbaijanis. But you know, at some point it's
going to end, but it could go on longer than
anybody is anticipating. You know, it's amazing what has happened
in Trump's second term. The first thing he did was
take back the Panama Canal, and he did it. He
said he was going to do it, sent Marco Rubio there.
Luckily Marco still remembers his Spanish. Within a day or two,
Panama said they were taking back the canal. On February
twenty third, they ejected the Chinese company C. K. Hutchinson
used to be called Hutchinson Wampoo, which I thought was
a better name. And then shortly thereafter it shortly before Maduro,
He's gone, you know, at yos Amigo, and all of
a sudden, Venezuela is like marching to the beat of
a different drum, mainly Trump's drum. And you know, I
knew the moment that he said he's taken back the
Panama Canal, that Venezuela was on the list, and that
Cuba was the ultimate goal, because look fifty nine, so
we're looking at nearly seventy years, sixty seven years communists
have been in charge of Cuba. Any president that changes
that course of history goes down in history. I did
have a reason I was going to ask this question,
but you know, lessons of the past. One of the
main reasons Japan attacked the United States in World War
Two was because we embargoed everything, especially oil, so they
had no access to energy. Are we doing the same
mistake with China? Yeah, they can still get oil. They
still produce a little, there's some nearby producers, but a
large chunk of their oil comes from Russia and from Iran.
So what are your thoughts there.
Speaker 1: I think he's definitely pushing the boundaries on that one.
I mean, obviously it's got to be you know, hurting China.
You know they had were shutting down or you're backing
off of a lot of their refineries and China, and
you know, it's it's a different day in time, you
know that than it was back then. I mean, there's
a lot that that's changed, but there's a lot that's
that's really the same. At this point, it's like, how
much are they You know, Trump's really good at playing
the card of how big we are and how much
power we really have around the world and just how
dominant that is. And I think that's exactly what he's
showing right now. He's like, oh, yeah, well we're going
to start, you know, moving into Venezuela, right, took out
Maduro Cuba. I mean, he's really hitting on a lot
of these things that no administration has done. Everybody's wanted
to stay away from, probably because they were profiting from
a lot of the stuff that's been happening, as most
politicians typically do. So I think a lot of these
these huge countries are taking a big hit. It's just
a matter of how far he can he can push
these countries before they really start pushing back.
Speaker 3: Yeah. You know, I was never one to believe that
he was a dictator, fascist or whatever, but he surely
seems to be an imperialist.
Speaker 1: Yeah. And most of the things that have happened, whether
it was you know, going in and you know, to
the cartels in Mexico, whether it was the Panama Canal, Venezuela,
I mean, a lot of these moves have been very surgical,
not wanting things to be long and drawn out, and
so hopefully that's the same thing happening with Iran. Now
hopefully it's not going to be long and drawn out.
It's just a matter of how how long is that
going to take? But I wouldn't think that it would
take too long for about to kind of turn around.
But who knows.
Speaker 3: War is there, you know, like Mike Tyson said, everybody
has a plan until they get hit in the head. Right,
that's right, So we get hit in the head there,
But you know it, war's dirty business and all that.
In the long run, they can't possibly prevail. This is
not like the North Vietnamese, right, you know, in the
Viet Kong and well in viet in the Vietnam War.
Obviously it's different than that. So when we have this
conversation next year, where do you see things shaking out?
Speaker 1: Well, I think I think what's going to end up
happening is at a certain point a Ran is going
to be back and down. The prices of oil is
going to come back around domatically once once the waterways
open up. I think it's great for the Arabian people
right to you know, to to be able to have
more freedom. Hopefully with whatever gets into power there. There's
you know, just been so much repression that's been happening
in that country. It would be nice to see people
to be lived freely again as they once did. So
that would be nice to see, right from from that perspective,
But I don't anticipate this going on in extremely long
period of time. Those waterways are going to open up.
They're going to get pressure from you know, other countries
like you were, like you were just bringing up there.
You know, Iran's going to get pressures to to open
up those waterways. And then you know, Trump wanting to
back out of NATO right as you're going to start
pushing a lot of those other countries to act and
start doing something. So they're you know, they're are going
to get kicked off of that gravy train.
Speaker 3: Yeah yeah, all right, Patrick, tell us where do we
find you, how do we connect with you on the web,
and what you can do for us now?
Speaker 1: Yeah, give us a hit us up on belladvisors dot
com and we help folks with wealth management and rotana planning.
So if you need help with that stuff, go to
Belladvisors dot com.
Speaker 3: All right, and I can say safely say of my
guests to Patrick and dot I've had one thousands on Patrick,
I've done it for ten thousand podcasts past fifteen years.
You are one of the more knowledgeable and engaging guests
that come on the show. You're always welcome, appreciate your
stopping by and we will talk to you soon.
Speaker 1: Thanks Kerry. Great to be with you.
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,