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<v Speaker 1>What we're doing is we're going in there under the

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<v Speaker 1>guy's liberation or American freedom, which I'm still trying to

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<v Speaker 1>figure out. How does that American freedom if you would,

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<v Speaker 1>But then it's welfare in the sense of like, okay,

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<v Speaker 1>we just supposedly I say this with air quotz cleaned

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<v Speaker 1>house or put our friendly ruler in there, and then

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<v Speaker 1>we prop them up with US taxpayer money.

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<v Speaker 2>You're listening to Carrie Letz's Financial Survival Network, where you

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<v Speaker 2>get valuable information you just can't find anywhere else to

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<v Speaker 2>thrive in today's trying times. You need the Financial Survival

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<v Speaker 2>Network now more than ever. Go to Financial Survivalnetwork dot

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<v Speaker 2>com and get your free newsletter and gift. Financial Survival

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<v Speaker 2>Network now more than.

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<v Speaker 3>Ever, and welcome. This is Financial Survival Network. I'm your host,

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<v Speaker 3>Carrie Letz and got a special guest for you today.

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<v Speaker 3>Hey Andy Millette. Andy, I just came across recently. Our

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<v Speaker 3>paths should have crossed many years before, but you know

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<v Speaker 3>that is life.

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<v Speaker 4>Andy.

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<v Speaker 3>You have been a commodities broker, a trader in the nineties,

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<v Speaker 3>great reputation there. You built natural resource stocks to deliver

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<v Speaker 3>in depth value driven analysis, a lot of info that

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<v Speaker 3>you can't get elsewhere your podcast up there in the stratosphere.

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<v Speaker 3>I'm really thrilled to have you on the show. Background wise,

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<v Speaker 3>you're pretty much impeccable looking at the financial house of

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<v Speaker 3>cards that we're confronted with. Now, what is the biggest

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<v Speaker 3>thing that you're concerned with right now?

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<v Speaker 1>Yeah, great question, Thank you. I'm very happy to be here.

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<v Speaker 1>You know, there's a lot of concerns, but I would

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<v Speaker 1>say probably more than likely in inflation. Runaway Inflation's probably

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<v Speaker 1>my biggest concern because I think what's going to happen

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<v Speaker 1>is it's just very inevitable that they have to print money,

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<v Speaker 1>meaning the government serves the central banks from amrale the

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<v Speaker 1>world to prop up the system. So if you were

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<v Speaker 1>to put a you know which you are just asking me,

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<v Speaker 1>what's my number one concern, it wo'd be runaway inflation.

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<v Speaker 3>So yeah, it reminds me there was a commercial from

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<v Speaker 3>McDonald's I think it was in the eighties and.

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<v Speaker 4>This kid goes to.

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<v Speaker 3>Father daddy, what's inflation And he goes, son, that's when

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<v Speaker 3>the price of everything goes up and your daddy's pay

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<v Speaker 3>stays the same. And I have searched andy for that

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<v Speaker 3>commercial on the internet, scoured every archive. The only thing

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<v Speaker 3>I haven't done is gone to the actual Museum of

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<v Speaker 3>Advertising in New York to find it because it's a classic.

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<v Speaker 4>Yeah, you're into Austrian economics. I am.

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<v Speaker 3>We always knew that inflation was going to come backing

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<v Speaker 3>back with a vengeance. We didn't know from pandemics, we

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<v Speaker 3>didn't know from you know, wars or whatever. But the

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<v Speaker 3>most inflationary event on the planet is a war, right.

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<v Speaker 1>Right, Well, that would be really my second biggest concern,

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<v Speaker 1>and you can even put it at my first. It's

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<v Speaker 1>just really all of these wars that are happening all

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<v Speaker 1>across the world and really, and I should I should

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<v Speaker 1>rephrase that the worlds that the wars that we are

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<v Speaker 1>involved in or that we're starting, that is a huge

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<v Speaker 1>concern to mine. And it's just like, what are we doing?

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<v Speaker 1>And what I think is what's going on is just

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<v Speaker 1>a big money laundering scheme really for a bunch of

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<v Speaker 1>other garcic elites here in the US. So and then

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<v Speaker 1>it comes back as inflationary if you would, as you

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<v Speaker 1>alluded to.

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<v Speaker 3>So I'm writing a book right now, and I've written

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<v Speaker 3>four books in the past year, and this one is

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<v Speaker 3>going to be.

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<v Speaker 4>Entitled war really is a rack.

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<v Speaker 3>Taking a judge, General Smedley Butler's a common reframe war

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<v Speaker 3>as a racket because I'm tracing corruption in World War two.

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<v Speaker 3>Never been a book written about all the defense contractors

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<v Speaker 3>that got rich, all of the fact that, like my

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<v Speaker 3>father was a hump pilot flew over the Himalayas from

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<v Speaker 3>India to China shipping materials, and that half of them

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<v Speaker 3>wound up on the black market. And nobody talks about this.

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<v Speaker 3>War is the most profitable endeavor on the planet for

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<v Speaker 3>a few, and like Smedley Butler says, it's profits the few,

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<v Speaker 3>but it's paid for by the many in blood and treasure.

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<v Speaker 3>And that's why these wars go on. There's no other reason.

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<v Speaker 3>It's like, yeah, these tribal things. Everybody's hated everybody since

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<v Speaker 3>the beginning of time. We've always been fighting. Now war

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<v Speaker 3>has become an economic system, the welfare warfare state, right.

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<v Speaker 1>Yeah, yeah, I would agree with you on that, And

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<v Speaker 1>that's exactly what it is. It's a welfare state in

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<v Speaker 1>the sense of I see it as what we're doing

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<v Speaker 1>is we're going in there under the guy's liberation or

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<v Speaker 1>American freedom which I'm still trying to figure out. How

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<v Speaker 1>does that American freedom, if you would, But then it's

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<v Speaker 1>welfare in the sense of like, okay, we just supposedly

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<v Speaker 1>I say this with air quod's cleaned house, or put

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<v Speaker 1>our friendly ruler in there, and then we prop them

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<v Speaker 1>up with US taxpayer money and our companies, if you

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<v Speaker 1>went US domestic companies get all the contracts to rebuild

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<v Speaker 1>the country, if you would. So it's absolutely racket and

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<v Speaker 1>a corporate welfare, if you went in country welfare all

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<v Speaker 1>by the US taxmaker. It's not only is it evil

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<v Speaker 1>because it's killing people, but it's just destroying, if you would, cultures,

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<v Speaker 1>destroying countries, and it's because of really just at the

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<v Speaker 1>whim of really the profit for a few Elepe few

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<v Speaker 1>Elipe people.

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<v Speaker 3>So yeah, the whole group of them, the deep state,

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<v Speaker 3>the deep.

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<v Speaker 4>State, it was called that absolutely.

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<v Speaker 3>So I had a client when I was an attorney.

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<v Speaker 3>I think it was on one fifty or one sixty Broadway.

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<v Speaker 3>On the ground floor of that building was Brown Brothers, Harryman.

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<v Speaker 4>And Tweed I think was the name of it.

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<v Speaker 3>That was the bank of the Deep State in the

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<v Speaker 3>late eighteen hundreds up to World War one. Prescott Bush

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<v Speaker 3>was a partner in Brown Brothers Harryman. Yes, and he

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<v Speaker 3>was also a director of the Union Bank, which was

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<v Speaker 3>seized by the government in nineteen forty two for trading

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<v Speaker 3>with the enemy. So it's a game, it's a scam

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<v Speaker 3>and it profits. Hey, but Boeing loves it, Raytheon loves it.

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<v Speaker 3>All the defense contractors love it. In World War two,

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<v Speaker 3>like you know, GM was making tanks and Ford was

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<v Speaker 3>making you know whatever. Like when you get into a

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<v Speaker 3>war economy, everything else takes a back seat. Consumers people,

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<v Speaker 3>it's all about total war. And man, it's just the

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<v Speaker 3>biggest scam here ever. And I don't blame you for

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<v Speaker 3>being concerned, but and this is parasitic behavior too. It's

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<v Speaker 3>the parasite there living off of us the host, right, Yeah, no,

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<v Speaker 3>And I think.

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<v Speaker 1>That's exactly that's a great way of looking at it actually,

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<v Speaker 1>and it's it's and it's not so much of a concern.

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<v Speaker 1>And maybe I should be about total annihilation because that

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<v Speaker 1>would that would destroy the profit. Right, So what you

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<v Speaker 1>need is a war. So it's something that drags on continually, continually, continually,

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<v Speaker 1>so you're always at war. And so that's really my

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<v Speaker 1>concern really again inflation and war, just a continual war,

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<v Speaker 1>always going being at war. And it's not only the

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<v Speaker 1>profit motive and the economics of it, it's just so

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<v Speaker 1>messed up, but also just the destruction of again going

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<v Speaker 1>back to just destruction of life. And if you speak

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<v Speaker 1>out about war unpatriotic, you're somehow you're going to get

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<v Speaker 1>a label of something about, yeah, not being for the servicemen,

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<v Speaker 1>not being for the country or whatever, when the reality is,

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<v Speaker 1>I'm from a military family. I didn't serve in the military,

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<v Speaker 1>but only the brothers did. And you know what they did,

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<v Speaker 1>tours in Iraq and Afghanistan, and you know what they

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<v Speaker 1>are against war to war there against war, So.

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<v Speaker 3>Which we all should be, like we said, it serves

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<v Speaker 3>the a few, you know, at the expense of the many.

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<v Speaker 3>So what do you think people should be doing. What

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<v Speaker 3>should you be doing to protect your wealth, to ensure

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<v Speaker 3>against the inflation, obviously precious metals, cryptos. What's your take?

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<v Speaker 4>Yeah, well, let me take.

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<v Speaker 1>Even a step back a little further than that. I

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<v Speaker 1>had Gerald Cialente on my show probably three months ago,

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<v Speaker 1>four months ago, and I asked him the question what

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<v Speaker 1>should you do? And you made a great insight that

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<v Speaker 1>I've stuck with me, and it's the first thing I

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<v Speaker 1>think you need to do is take care of your

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<v Speaker 1>your and this is I take this from him. Take

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<v Speaker 1>care of your soul and take care of your body,

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<v Speaker 1>meaning just live a good, righteous life. That's the first

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<v Speaker 1>thing we all can do. And the second thing is

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<v Speaker 1>just make sure you're healthy, because if you're not healthy

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<v Speaker 1>and your mind and your spirit's not right, nothing really

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<v Speaker 1>else is going to matter. And you can't really accomplish

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<v Speaker 1>anything or do anything. You can't defend yourself or protect

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<v Speaker 1>yourself or your family. So I think you need to

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<v Speaker 1>start there. The next thing I think you should do

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<v Speaker 1>is and not that I disagree with a lot of

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<v Speaker 1>people I have on but I am not a person

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<v Speaker 1>that just goes all physical gold medal and you know,

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<v Speaker 1>you know, dig a hole on the ground and store it.

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<v Speaker 1>I'm not that person. I'm not actually on the spectrum

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<v Speaker 1>of doom and gloom. I'm not as doom and gloom

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<v Speaker 1>as a lot of my friends, and they are my front.

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<v Speaker 1>But I do think you need to have at least

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<v Speaker 1>five to ten percent of your wealth and physical and

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<v Speaker 1>then I would not put that in your house for

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<v Speaker 1>safety reasons. You can either put in a safety deposit

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<v Speaker 1>box or I think in my talk with you last time,

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<v Speaker 1>you had a great idea in a casino, and I thought,

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<v Speaker 1>it is anudiable that does a great idea. I thought,

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<v Speaker 1>but I think five to ten percent. Now that being said,

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<v Speaker 1>I would literally have five to ten percent, I'd have

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<v Speaker 1>forty to fifty percent of your wealth, your entire wealth

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<v Speaker 1>in precious metals. That could be that could be physical,

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<v Speaker 1>but it can also be the different ETF instruments if

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<v Speaker 1>you would that are out there, it could be. Uh,

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<v Speaker 1>there's a lot of things out there. Do your own,

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<v Speaker 1>dude diligence. And I get that from the year was

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<v Speaker 1>about two thousand and seven and I launched a hedge

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<v Speaker 1>fund and we had with a partner, I mean, he's

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<v Speaker 1>my current portfolio manager. And we had one investor is

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<v Speaker 1>one of the richest families in Georgia, and we made

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<v Speaker 1>him a portfolio. We constructed a portfolio. We stress tested it.

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<v Speaker 1>Monte Carlos stress tested it, which is a gain, you know,

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<v Speaker 1>stress which you play odds, you know, and really we

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<v Speaker 1>took a very defensive posture and it's like worst case

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<v Speaker 1>scenario is what happens best case scenario is what happens,

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<v Speaker 1>and what led us to our defensiveness was really about

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<v Speaker 1>fifty percent in gold. But again we had, Yeah, we

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<v Speaker 1>not only had, but that meant physical, that meant the

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<v Speaker 1>different ETFs that were available at the time. It also

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<v Speaker 1>meant stocks, if you would. And he took the same

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<v Speaker 1>He took his portfolio or his money if you would,

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<v Speaker 1>the Goldman Sacks as well, and they came up with

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<v Speaker 1>the portfolio, and he divided his money in half. He

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<v Speaker 1>gave half to Goldman Sacks and half to us, if

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<v Speaker 1>you would, And that's how I launched my flot Yeah,

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<v Speaker 1>and we beat Goldman Sacks and we were safer. We

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<v Speaker 1>were safer.

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<v Speaker 4>Agility was better, much better.

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<v Speaker 1>Sharp ratios was a much better. And it was because

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<v Speaker 1>we were parked in gold. Again, half of our half

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<v Speaker 1>of his wealth or what he gave to us. Yeah,

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<v Speaker 1>and this be municipal bonds. We also had some bonds

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<v Speaker 1>if you would, short term treasuries, which I'd also wouldn't.

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<v Speaker 1>I would I recommend if they're short term, if you would,

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<v Speaker 1>we had some cash and we had, you know, just

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<v Speaker 1>a typical lotment. But you know, he was so impressed

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<v Speaker 1>with that, and no in fact, and just because of

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<v Speaker 1>results fast forward to today, I would do the same,

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<v Speaker 1>very similar kind of portfolio where you have half of

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<v Speaker 1>your wealth in gold.

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<v Speaker 4>That's just me.

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<v Speaker 1>It can be less than that, obviously, but and I

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<v Speaker 1>would have at least five to ten percent in physical

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<v Speaker 1>And that five to ten percent in physical is if

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<v Speaker 1>things were to hit the fan, if it goes south

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<v Speaker 1>really really quick, which I'm not predicting, but you have

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<v Speaker 1>to look at it. That is a possibility. If you

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<v Speaker 1>wig you got it, you're going to have one to

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<v Speaker 1>have access to that. So that's what I would do.

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<v Speaker 3>Absolutely No. I couldn't agree with you more. Been always

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<v Speaker 3>been a big fan of gold, precious metal silver. I

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<v Speaker 3>like silver better than gold. Right now, what's your take?

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<v Speaker 3>Do you think we're going to get a silver short squeeze?

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<v Speaker 4>Yeah?

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<v Speaker 1>No, so I guess you have to look at silver. Yes,

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<v Speaker 1>I do think we're going to get that, but you

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<v Speaker 1>have to look at why do you like it more?

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<v Speaker 1>If you're looking at just stability and not having the volatility,

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<v Speaker 1>I like gold more. Just again, gold is boring if

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<v Speaker 1>you are if you look at upside, I'd love silver.

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<v Speaker 1>I like love silver significantly more than I do gold.

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<v Speaker 1>And I think it will outperform. Now the issue with

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<v Speaker 1>silver is again you have to stomach the volatility as

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<v Speaker 1>well as let's say we don't get a short squeeze, right,

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<v Speaker 1>you know, within the near future, which I do think

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<v Speaker 1>we will. But let's say we don't, Gold will more

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<v Speaker 1>than likely still be outperforming silver if you would so, again,

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<v Speaker 1>looking at just possibilities, the whole spectrum to answer your question,

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<v Speaker 1>really just depends on the person. But if I'm looking

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<v Speaker 1>at upside silver, celia like a lot more than gold.

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<v Speaker 1>If I'm looking at stability and usability, I'd like go more.

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<v Speaker 3>Okay, cryptocurrency I called them in the past kleptocurrencies, but

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<v Speaker 3>I've come around on bitcoin honestly.

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<v Speaker 1>Yeah. So, yes, I am a believer. I am in

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<v Speaker 1>that camp, but I don't own any. Just to be

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<v Speaker 1>full disclosure, And actually, Carrie, when I talked to you

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<v Speaker 1>last you got me thinking more about it, and it

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<v Speaker 1>wasn't and I mean this with all due respect to you,

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<v Speaker 1>it wasn't anything different. It just made me think about

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<v Speaker 1>stuff that I already was reading and knew if you would, so,

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<v Speaker 1>to answer your question, I do like crypto. I don't

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<v Speaker 1>see it ever going away if it's me, I'm just

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<v Speaker 1>sticking with the big two, Bitcoin and ethereum.

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<v Speaker 4>It doesn't mean they're aren't any.

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<v Speaker 1>Points out there. I as the wild West, which is

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<v Speaker 1>you know, that's fine too, But I just can make

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<v Speaker 1>a call on one coin or the other. I for myself,

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<v Speaker 1>and I'm not an investor, I would just stick with

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<v Speaker 1>bitcoin and e theory in myself. But yes, so I am, yeah.

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<v Speaker 3>Because yeah, I'm just going to say the reason why

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<v Speaker 3>I feel like you're better off sticking with those two

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<v Speaker 3>and particularly bitcoin Bitcoin, they're just not making any more

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<v Speaker 3>of it, and the eventually it's digital gold, it's it's

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<v Speaker 3>going to go astronomical.

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<v Speaker 4>It already has you know, a million times.

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<v Speaker 3>Your initial ten cent investment gives you one hundred and

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<v Speaker 3>fifteen thousand dollars right now.

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<v Speaker 4>That's actually more than that.

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<v Speaker 3>That's actually one million, one hundred fifty thousand times your

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<v Speaker 3>original ten cent investment. But it could easily go ten

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<v Speaker 3>x one hundred x thousand x. There's nothing to pop it.

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<v Speaker 3>And that's why if you had one hundred dollars in

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<v Speaker 3>your pocket right now, if I had one hundred dollars,

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<v Speaker 3>I can't give advice to the general public. Because God

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<v Speaker 3>forbid I should do that, They'll come break down my

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<v Speaker 3>door and I'll be banned from everything. I'll be deep

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<v Speaker 3>platformed for life. But if I had one hundred bucks,

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<v Speaker 3>I put fifty into a roll of silver and fifty

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<v Speaker 3>into a bitcoin and wait ten years and maybe not

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<v Speaker 3>have a teugh to ever work again after that ten years.

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<v Speaker 4>Andy, Yeah, no, I don't.

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<v Speaker 1>I would say, I wouldn't disagree with you. You know,

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<v Speaker 1>that's exactly, That's exactly. And the thing is is, let's

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<v Speaker 1>say if you play that out game that out Let's say,

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<v Speaker 1>and I don't believe this is going to happen, Let's

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<v Speaker 1>say Bitcoin does go to zero. Well, silver, you have

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<v Speaker 1>a hard like you have a physical physical asset. You're

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<v Speaker 1>going to make that up with silver if you would. Now,

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<v Speaker 1>let's say you hit it on both, which is highly

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<v Speaker 1>highly probable. You, as you said, you'll more than likely

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<v Speaker 1>never have to work again in ten years.

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<v Speaker 4>So I would agree with you.

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<v Speaker 3>Yep, yep, for sure, because the last ten years have

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<v Speaker 3>been in a lot of ups and downs and metals

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<v Speaker 3>but and it's been ups and downs in bitcoin. Two.

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<v Speaker 4>You know you have to buckle your seatbelt.

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<v Speaker 3>You could lose eighty percent of the value of your

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<v Speaker 3>coins literally in a week or two. But I think

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<v Speaker 3>that type of downward volatility. Look, they can still manipulate

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<v Speaker 3>it through the ETFs. That's what they did last week.

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<v Speaker 3>They got it under one hundred and fifteen thousand by

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<v Speaker 3>triggering an outflow on the bitcoin ETFs is manufactured. At

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<v Speaker 3>the same time, the whales, the big people are still buying.

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<v Speaker 3>You know, you're probably better better at observing that than me,

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<v Speaker 3>But that's my take.

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<v Speaker 1>No, I would agree, Yeah, No, I think you hit

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<v Speaker 1>it on the head. And you could say the same

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<v Speaker 1>thing about silver. They'll manipulate the silver etops and the

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<v Speaker 1>gold etops to trigger a bunch of cells.

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<v Speaker 4>To yeah did it to last? Great?

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<v Speaker 1>You actually get it down.

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<v Speaker 4>So they did the headfake.

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<v Speaker 3>Two days before Options X, they knocked silver down a buck,

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<v Speaker 3>but they let it stay just over thirty eight Was

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<v Speaker 3>it thirty seven.

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<v Speaker 4>Seven?

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<v Speaker 3>Do just let it stay over thirty seven just to

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<v Speaker 3>throw the throw the option holders a bone a nominal profit.

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<v Speaker 3>And then two days after then they so it was

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<v Speaker 3>like right, it was at thirty nine and change, they

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<v Speaker 3>knocked it down to thirty eight ten, which makes it

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<v Speaker 3>almost the wash for the option holders and then two

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<v Speaker 3>days later they got it down to like just under

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<v Speaker 3>thirty seven, and that didn't hold at all. It's showing

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<v Speaker 3>some real strength here.

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<v Speaker 4>Yeah, it really is.

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<v Speaker 1>And I think you know, I've been watching this. I've

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<v Speaker 1>been watching golden silver markets for thirty plus years now,

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<v Speaker 1>but recently I've never seen and what I mean since

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<v Speaker 1>I would say the past six to twelve months, I've

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<v Speaker 1>never seen this amount of strength in the markets, and

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<v Speaker 1>especially in the futures markets, so which is surprising, especially

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<v Speaker 1>the gold So every team, the single time it gets hammered,

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<v Speaker 1>it gets bought up, and it's it's a really nice

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<v Speaker 1>dead countbat dead cat bounce.

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<v Speaker 4>So yeah, exactly.

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<v Speaker 3>All right, Andy, just tell us where we find you,

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<v Speaker 3>how we connect with you on X and social media

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<v Speaker 3>and all that good stuff.

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<v Speaker 4>Yeah.

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<v Speaker 1>No, you can find my website natural resource stocks dot net.

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<v Speaker 1>We have a YouTube channel, natural Resource Stocks. You can

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<v Speaker 1>also find me at the Andy Malett on X and

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<v Speaker 1>feel free to reach out to me. Come by the

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<v Speaker 1>site or you can. All my contact information is there

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<v Speaker 1>and I'm more than happy to converse.

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<v Speaker 3>With yet excellent Matt. Thanks good connecting with you again.

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<v Speaker 3>Andy got in questions for Andy myself Klatcarrie lets dot com.

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<v Speaker 3>You'll find a link to Andy's site in the show

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<v Speaker 3>notes to this interview on Financial Survival Network dot com.

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<v Speaker 3>And all we ask is if you go to the site,

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<v Speaker 3>please sign up for your free newsletter, as over seventy

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00:21:11.839 --> 00:21:15.759
<v Speaker 3>thousand of you are actively subscribed. As we speak, Andy

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<v Speaker 3>a Pleasure, We'll talk to you again real soon.

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<v Speaker 1>Pleasure is online carry looking forward to beyond again.

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<v Speaker 2>Thanks for listening to Carrie Letz's Financial Survival Network, your

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<v Speaker 2>solution to today's trying times. For the latest, go to

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<v Speaker 2>Financial Survivalnetwork dot com. Financial Survival Network now more than ever,