Speaker 1: What we're doing is we're going in there under the
Speaker 1: guy's liberation or American freedom, which I'm still trying to
Speaker 1: figure out. How does that American freedom if you would,
Speaker 1: But then it's welfare in the sense of like, okay,
Speaker 1: we just supposedly I say this with air quotz cleaned
Speaker 1: house or put our friendly ruler in there, and then
Speaker 1: we prop them up with US taxpayer money.
Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
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Speaker 3: Ever, and welcome. This is Financial Survival Network. I'm your host,
Speaker 3: Carrie Letz and got a special guest for you today.
Speaker 3: Hey Andy Millette. Andy, I just came across recently. Our
Speaker 3: paths should have crossed many years before, but you know
Speaker 3: that is life.
Speaker 4: Andy.
Speaker 3: You have been a commodities broker, a trader in the nineties,
Speaker 3: great reputation there. You built natural resource stocks to deliver
Speaker 3: in depth value driven analysis, a lot of info that
Speaker 3: you can't get elsewhere your podcast up there in the stratosphere.
Speaker 3: I'm really thrilled to have you on the show. Background wise,
Speaker 3: you're pretty much impeccable looking at the financial house of
Speaker 3: cards that we're confronted with. Now, what is the biggest
Speaker 3: thing that you're concerned with right now?
Speaker 1: Yeah, great question, Thank you. I'm very happy to be here.
Speaker 1: You know, there's a lot of concerns, but I would
Speaker 1: say probably more than likely in inflation. Runaway Inflation's probably
Speaker 1: my biggest concern because I think what's going to happen
Speaker 1: is it's just very inevitable that they have to print money,
Speaker 1: meaning the government serves the central banks from amrale the
Speaker 1: world to prop up the system. So if you were
Speaker 1: to put a you know which you are just asking me,
Speaker 1: what's my number one concern, it wo'd be runaway inflation.
Speaker 3: So yeah, it reminds me there was a commercial from
Speaker 3: McDonald's I think it was in the eighties and.
Speaker 4: This kid goes to.
Speaker 3: Father daddy, what's inflation And he goes, son, that's when
Speaker 3: the price of everything goes up and your daddy's pay
Speaker 3: stays the same. And I have searched andy for that
Speaker 3: commercial on the internet, scoured every archive. The only thing
Speaker 3: I haven't done is gone to the actual Museum of
Speaker 3: Advertising in New York to find it because it's a classic.
Speaker 4: Yeah, you're into Austrian economics. I am.
Speaker 3: We always knew that inflation was going to come backing
Speaker 3: back with a vengeance. We didn't know from pandemics, we
Speaker 3: didn't know from you know, wars or whatever. But the
Speaker 3: most inflationary event on the planet is a war, right.
Speaker 1: Right, Well, that would be really my second biggest concern,
Speaker 1: and you can even put it at my first. It's
Speaker 1: just really all of these wars that are happening all
Speaker 1: across the world and really, and I should I should
Speaker 1: rephrase that the worlds that the wars that we are
Speaker 1: involved in or that we're starting, that is a huge
Speaker 1: concern to mine. And it's just like, what are we doing?
Speaker 1: And what I think is what's going on is just
Speaker 1: a big money laundering scheme really for a bunch of
Speaker 1: other garcic elites here in the US. So and then
Speaker 1: it comes back as inflationary if you would, as you
Speaker 1: alluded to.
Speaker 3: So I'm writing a book right now, and I've written
Speaker 3: four books in the past year, and this one is
Speaker 3: going to be.
Speaker 4: Entitled war really is a rack.
Speaker 3: Taking a judge, General Smedley Butler's a common reframe war
Speaker 3: as a racket because I'm tracing corruption in World War two.
Speaker 3: Never been a book written about all the defense contractors
Speaker 3: that got rich, all of the fact that, like my
Speaker 3: father was a hump pilot flew over the Himalayas from
Speaker 3: India to China shipping materials, and that half of them
Speaker 3: wound up on the black market. And nobody talks about this.
Speaker 3: War is the most profitable endeavor on the planet for
Speaker 3: a few, and like Smedley Butler says, it's profits the few,
Speaker 3: but it's paid for by the many in blood and treasure.
Speaker 3: And that's why these wars go on. There's no other reason.
Speaker 3: It's like, yeah, these tribal things. Everybody's hated everybody since
Speaker 3: the beginning of time. We've always been fighting. Now war
Speaker 3: has become an economic system, the welfare warfare state, right.
Speaker 1: Yeah, yeah, I would agree with you on that, And
Speaker 1: that's exactly what it is. It's a welfare state in
Speaker 1: the sense of I see it as what we're doing
Speaker 1: is we're going in there under the guy's liberation or
Speaker 1: American freedom which I'm still trying to figure out. How
Speaker 1: does that American freedom, if you would, But then it's
Speaker 1: welfare in the sense of like, okay, we just supposedly
Speaker 1: I say this with air quod's cleaned house, or put
Speaker 1: our friendly ruler in there, and then we prop them
Speaker 1: up with US taxpayer money and our companies, if you
Speaker 1: went US domestic companies get all the contracts to rebuild
Speaker 1: the country, if you would. So it's absolutely racket and
Speaker 1: a corporate welfare, if you went in country welfare all
Speaker 1: by the US taxmaker. It's not only is it evil
Speaker 1: because it's killing people, but it's just destroying, if you would, cultures,
Speaker 1: destroying countries, and it's because of really just at the
Speaker 1: whim of really the profit for a few Elepe few
Speaker 1: Elipe people.
Speaker 3: So yeah, the whole group of them, the deep state,
Speaker 3: the deep.
Speaker 4: State, it was called that absolutely.
Speaker 3: So I had a client when I was an attorney.
Speaker 3: I think it was on one fifty or one sixty Broadway.
Speaker 3: On the ground floor of that building was Brown Brothers, Harryman.
Speaker 4: And Tweed I think was the name of it.
Speaker 3: That was the bank of the Deep State in the
Speaker 3: late eighteen hundreds up to World War one. Prescott Bush
Speaker 3: was a partner in Brown Brothers Harryman. Yes, and he
Speaker 3: was also a director of the Union Bank, which was
Speaker 3: seized by the government in nineteen forty two for trading
Speaker 3: with the enemy. So it's a game, it's a scam
Speaker 3: and it profits. Hey, but Boeing loves it, Raytheon loves it.
Speaker 3: All the defense contractors love it. In World War two,
Speaker 3: like you know, GM was making tanks and Ford was
Speaker 3: making you know whatever. Like when you get into a
Speaker 3: war economy, everything else takes a back seat. Consumers people,
Speaker 3: it's all about total war. And man, it's just the
Speaker 3: biggest scam here ever. And I don't blame you for
Speaker 3: being concerned, but and this is parasitic behavior too. It's
Speaker 3: the parasite there living off of us the host, right, Yeah, no,
Speaker 3: And I think.
Speaker 1: That's exactly that's a great way of looking at it actually,
Speaker 1: and it's it's and it's not so much of a concern.
Speaker 1: And maybe I should be about total annihilation because that
Speaker 1: would that would destroy the profit. Right, So what you
Speaker 1: need is a war. So it's something that drags on continually, continually, continually,
Speaker 1: so you're always at war. And so that's really my
Speaker 1: concern really again inflation and war, just a continual war,
Speaker 1: always going being at war. And it's not only the
Speaker 1: profit motive and the economics of it, it's just so
Speaker 1: messed up, but also just the destruction of again going
Speaker 1: back to just destruction of life. And if you speak
Speaker 1: out about war unpatriotic, you're somehow you're going to get
Speaker 1: a label of something about, yeah, not being for the servicemen,
Speaker 1: not being for the country or whatever, when the reality is,
Speaker 1: I'm from a military family. I didn't serve in the military,
Speaker 1: but only the brothers did. And you know what they did,
Speaker 1: tours in Iraq and Afghanistan, and you know what they
Speaker 1: are against war to war there against war, So.
Speaker 3: Which we all should be, like we said, it serves
Speaker 3: the a few, you know, at the expense of the many.
Speaker 3: So what do you think people should be doing. What
Speaker 3: should you be doing to protect your wealth, to ensure
Speaker 3: against the inflation, obviously precious metals, cryptos. What's your take?
Speaker 4: Yeah, well, let me take.
Speaker 1: Even a step back a little further than that. I
Speaker 1: had Gerald Cialente on my show probably three months ago,
Speaker 1: four months ago, and I asked him the question what
Speaker 1: should you do? And you made a great insight that
Speaker 1: I've stuck with me, and it's the first thing I
Speaker 1: think you need to do is take care of your
Speaker 1: your and this is I take this from him. Take
Speaker 1: care of your soul and take care of your body,
Speaker 1: meaning just live a good, righteous life. That's the first
Speaker 1: thing we all can do. And the second thing is
Speaker 1: just make sure you're healthy, because if you're not healthy
Speaker 1: and your mind and your spirit's not right, nothing really
Speaker 1: else is going to matter. And you can't really accomplish
Speaker 1: anything or do anything. You can't defend yourself or protect
Speaker 1: yourself or your family. So I think you need to
Speaker 1: start there. The next thing I think you should do
Speaker 1: is and not that I disagree with a lot of
Speaker 1: people I have on but I am not a person
Speaker 1: that just goes all physical gold medal and you know,
Speaker 1: you know, dig a hole on the ground and store it.
Speaker 1: I'm not that person. I'm not actually on the spectrum
Speaker 1: of doom and gloom. I'm not as doom and gloom
Speaker 1: as a lot of my friends, and they are my front.
Speaker 1: But I do think you need to have at least
Speaker 1: five to ten percent of your wealth and physical and
Speaker 1: then I would not put that in your house for
Speaker 1: safety reasons. You can either put in a safety deposit
Speaker 1: box or I think in my talk with you last time,
Speaker 1: you had a great idea in a casino, and I thought,
Speaker 1: it is anudiable that does a great idea. I thought,
Speaker 1: but I think five to ten percent. Now that being said,
Speaker 1: I would literally have five to ten percent, I'd have
Speaker 1: forty to fifty percent of your wealth, your entire wealth
Speaker 1: in precious metals. That could be that could be physical,
Speaker 1: but it can also be the different ETF instruments if
Speaker 1: you would that are out there, it could be. Uh,
Speaker 1: there's a lot of things out there. Do your own,
Speaker 1: dude diligence. And I get that from the year was
Speaker 1: about two thousand and seven and I launched a hedge
Speaker 1: fund and we had with a partner, I mean, he's
Speaker 1: my current portfolio manager. And we had one investor is
Speaker 1: one of the richest families in Georgia, and we made
Speaker 1: him a portfolio. We constructed a portfolio. We stress tested it.
Speaker 1: Monte Carlos stress tested it, which is a gain, you know,
Speaker 1: stress which you play odds, you know, and really we
Speaker 1: took a very defensive posture and it's like worst case
Speaker 1: scenario is what happens best case scenario is what happens,
Speaker 1: and what led us to our defensiveness was really about
Speaker 1: fifty percent in gold. But again we had, Yeah, we
Speaker 1: not only had, but that meant physical, that meant the
Speaker 1: different ETFs that were available at the time. It also
Speaker 1: meant stocks, if you would. And he took the same
Speaker 1: He took his portfolio or his money if you would,
Speaker 1: the Goldman Sacks as well, and they came up with
Speaker 1: the portfolio, and he divided his money in half. He
Speaker 1: gave half to Goldman Sacks and half to us, if
Speaker 1: you would, And that's how I launched my flot Yeah,
Speaker 1: and we beat Goldman Sacks and we were safer. We
Speaker 1: were safer.
Speaker 4: Agility was better, much better.
Speaker 1: Sharp ratios was a much better. And it was because
Speaker 1: we were parked in gold. Again, half of our half
Speaker 1: of his wealth or what he gave to us. Yeah,
Speaker 1: and this be municipal bonds. We also had some bonds
Speaker 1: if you would, short term treasuries, which I'd also wouldn't.
Speaker 1: I would I recommend if they're short term, if you would,
Speaker 1: we had some cash and we had, you know, just
Speaker 1: a typical lotment. But you know, he was so impressed
Speaker 1: with that, and no in fact, and just because of
Speaker 1: results fast forward to today, I would do the same,
Speaker 1: very similar kind of portfolio where you have half of
Speaker 1: your wealth in gold.
Speaker 4: That's just me.
Speaker 1: It can be less than that, obviously, but and I
Speaker 1: would have at least five to ten percent in physical
Speaker 1: And that five to ten percent in physical is if
Speaker 1: things were to hit the fan, if it goes south
Speaker 1: really really quick, which I'm not predicting, but you have
Speaker 1: to look at it. That is a possibility. If you
Speaker 1: wig you got it, you're going to have one to
Speaker 1: have access to that. So that's what I would do.
Speaker 3: Absolutely No. I couldn't agree with you more. Been always
Speaker 3: been a big fan of gold, precious metal silver. I
Speaker 3: like silver better than gold. Right now, what's your take?
Speaker 3: Do you think we're going to get a silver short squeeze?
Speaker 4: Yeah?
Speaker 1: No, so I guess you have to look at silver. Yes,
Speaker 1: I do think we're going to get that, but you
Speaker 1: have to look at why do you like it more?
Speaker 1: If you're looking at just stability and not having the volatility,
Speaker 1: I like gold more. Just again, gold is boring if
Speaker 1: you are if you look at upside, I'd love silver.
Speaker 1: I like love silver significantly more than I do gold.
Speaker 1: And I think it will outperform. Now the issue with
Speaker 1: silver is again you have to stomach the volatility as
Speaker 1: well as let's say we don't get a short squeeze, right,
Speaker 1: you know, within the near future, which I do think
Speaker 1: we will. But let's say we don't, Gold will more
Speaker 1: than likely still be outperforming silver if you would so, again,
Speaker 1: looking at just possibilities, the whole spectrum to answer your question,
Speaker 1: really just depends on the person. But if I'm looking
Speaker 1: at upside silver, celia like a lot more than gold.
Speaker 1: If I'm looking at stability and usability, I'd like go more.
Speaker 3: Okay, cryptocurrency I called them in the past kleptocurrencies, but
Speaker 3: I've come around on bitcoin honestly.
Speaker 1: Yeah. So, yes, I am a believer. I am in
Speaker 1: that camp, but I don't own any. Just to be
Speaker 1: full disclosure, And actually, Carrie, when I talked to you
Speaker 1: last you got me thinking more about it, and it
Speaker 1: wasn't and I mean this with all due respect to you,
Speaker 1: it wasn't anything different. It just made me think about
Speaker 1: stuff that I already was reading and knew if you would, so,
Speaker 1: to answer your question, I do like crypto. I don't
Speaker 1: see it ever going away if it's me, I'm just
Speaker 1: sticking with the big two, Bitcoin and ethereum.
Speaker 4: It doesn't mean they're aren't any.
Speaker 1: Points out there. I as the wild West, which is
Speaker 1: you know, that's fine too, But I just can make
Speaker 1: a call on one coin or the other. I for myself,
Speaker 1: and I'm not an investor, I would just stick with
Speaker 1: bitcoin and e theory in myself. But yes, so I am, yeah.
Speaker 3: Because yeah, I'm just going to say the reason why
Speaker 3: I feel like you're better off sticking with those two
Speaker 3: and particularly bitcoin Bitcoin, they're just not making any more
Speaker 3: of it, and the eventually it's digital gold, it's it's
Speaker 3: going to go astronomical.
Speaker 4: It already has you know, a million times.
Speaker 3: Your initial ten cent investment gives you one hundred and
Speaker 3: fifteen thousand dollars right now.
Speaker 4: That's actually more than that.
Speaker 3: That's actually one million, one hundred fifty thousand times your
Speaker 3: original ten cent investment. But it could easily go ten
Speaker 3: x one hundred x thousand x. There's nothing to pop it.
Speaker 3: And that's why if you had one hundred dollars in
Speaker 3: your pocket right now, if I had one hundred dollars,
Speaker 3: I can't give advice to the general public. Because God
Speaker 3: forbid I should do that, They'll come break down my
Speaker 3: door and I'll be banned from everything. I'll be deep
Speaker 3: platformed for life. But if I had one hundred bucks,
Speaker 3: I put fifty into a roll of silver and fifty
Speaker 3: into a bitcoin and wait ten years and maybe not
Speaker 3: have a teugh to ever work again after that ten years.
Speaker 4: Andy, Yeah, no, I don't.
Speaker 1: I would say, I wouldn't disagree with you. You know,
Speaker 1: that's exactly, That's exactly. And the thing is is, let's
Speaker 1: say if you play that out game that out Let's say,
Speaker 1: and I don't believe this is going to happen, Let's
Speaker 1: say Bitcoin does go to zero. Well, silver, you have
Speaker 1: a hard like you have a physical physical asset. You're
Speaker 1: going to make that up with silver if you would. Now,
Speaker 1: let's say you hit it on both, which is highly
Speaker 1: highly probable. You, as you said, you'll more than likely
Speaker 1: never have to work again in ten years.
Speaker 4: So I would agree with you.
Speaker 3: Yep, yep, for sure, because the last ten years have
Speaker 3: been in a lot of ups and downs and metals
Speaker 3: but and it's been ups and downs in bitcoin. Two.
Speaker 4: You know you have to buckle your seatbelt.
Speaker 3: You could lose eighty percent of the value of your
Speaker 3: coins literally in a week or two. But I think
Speaker 3: that type of downward volatility. Look, they can still manipulate
Speaker 3: it through the ETFs. That's what they did last week.
Speaker 3: They got it under one hundred and fifteen thousand by
Speaker 3: triggering an outflow on the bitcoin ETFs is manufactured. At
Speaker 3: the same time, the whales, the big people are still buying.
Speaker 3: You know, you're probably better better at observing that than me,
Speaker 3: But that's my take.
Speaker 1: No, I would agree, Yeah, No, I think you hit
Speaker 1: it on the head. And you could say the same
Speaker 1: thing about silver. They'll manipulate the silver etops and the
Speaker 1: gold etops to trigger a bunch of cells.
Speaker 4: To yeah did it to last? Great?
Speaker 1: You actually get it down.
Speaker 4: So they did the headfake.
Speaker 3: Two days before Options X, they knocked silver down a buck,
Speaker 3: but they let it stay just over thirty eight Was
Speaker 3: it thirty seven.
Speaker 4: Seven?
Speaker 3: Do just let it stay over thirty seven just to
Speaker 3: throw the throw the option holders a bone a nominal profit.
Speaker 3: And then two days after then they so it was
Speaker 3: like right, it was at thirty nine and change, they
Speaker 3: knocked it down to thirty eight ten, which makes it
Speaker 3: almost the wash for the option holders and then two
Speaker 3: days later they got it down to like just under
Speaker 3: thirty seven, and that didn't hold at all. It's showing
Speaker 3: some real strength here.
Speaker 4: Yeah, it really is.
Speaker 1: And I think you know, I've been watching this. I've
Speaker 1: been watching golden silver markets for thirty plus years now,
Speaker 1: but recently I've never seen and what I mean since
Speaker 1: I would say the past six to twelve months, I've
Speaker 1: never seen this amount of strength in the markets, and
Speaker 1: especially in the futures markets, so which is surprising, especially
Speaker 1: the gold So every team, the single time it gets hammered,
Speaker 1: it gets bought up, and it's it's a really nice
Speaker 1: dead countbat dead cat bounce.
Speaker 4: So yeah, exactly.
Speaker 3: All right, Andy, just tell us where we find you,
Speaker 3: how we connect with you on X and social media
Speaker 3: and all that good stuff.
Speaker 4: Yeah.
Speaker 1: No, you can find my website natural resource stocks dot net.
Speaker 1: We have a YouTube channel, natural Resource Stocks. You can
Speaker 1: also find me at the Andy Malett on X and
Speaker 1: feel free to reach out to me. Come by the
Speaker 1: site or you can. All my contact information is there
Speaker 1: and I'm more than happy to converse.
Speaker 3: With yet excellent Matt. Thanks good connecting with you again.
Speaker 3: Andy got in questions for Andy myself Klatcarrie lets dot com.
Speaker 3: You'll find a link to Andy's site in the show
Speaker 3: notes to this interview on Financial Survival Network dot com.
Speaker 3: And all we ask is if you go to the site,
Speaker 3: please sign up for your free newsletter, as over seventy
Speaker 3: thousand of you are actively subscribed. As we speak, Andy
Speaker 3: a Pleasure, We'll talk to you again real soon.
Speaker 1: Pleasure is online carry looking forward to beyond again.
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
Speaker 2: solution to today's trying times. For the latest, go to
Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,