Coffee with MarkZ, joined by Andy Schectman. 05/07/2025
I was just jamming with the tunes. Yeah, they’re pretty bad. Hello Jazzy, hello Cindy, Susie, hello Grandma Evie.
Oh, I do want to Ronald, aka Truth Talkin’ Turkey, passed away, went to be with Jesus. Prayers for your family. I saw that post over there.
That’s another tough one that didn’t make the finish line. Hello, Mr. Lee. Matt C. Sachs, I saw a report about a small bank in Georgia that sent out a letter to all its clients explaining their systems were down from 5.8 to 5.12 to move over to a new digital system.
A lot of banks getting those messages later in April through the end of May. Definitely looks like many in the banking world are preparing, and I’m definitely getting many reports from different banks that they are learning to process. Hasn’t seen a value change, but learning to process.
Dinar, Dong, and Indonesia. More and more internal stuff saying, hey, we are going to be accepting these currencies. Doesn’t tell you about the rate, but tells you they’re going to start accepting, and that is step number one in my book.
If you’re going to take them, process them, this is great. You don’t have to tell them it’s going to be a huge value change. You just got to tell them you’re going to start accepting them, along with more foreign currencies.
You train them, and now they are ready for a revaluation. I just love how they’re playing. Well, I shouldn’t say I love how they’re doing this because I just want them to do it and be done, but it is clear evidence in my book that we are moving towards a completion.
Mountain Goat, Moeller, dropping this one in. We have previously read many articles on the new Raffodim Bank and the reforms taking place. CBI is working to reform the bank to necessary global standards.
Digitization first. Why would they do this? Not working towards a higher rate, right? Duh. Kind of what we just said.
They want a 1320 rate. Could have already done it over the last two decades. They’re doing it for a reason, and they’ve told you they’re going back to their glory days.
Love it. Did I get a little better with the shirt today? Do I get any, any credit for getting at least close on the color spectrum? Hello, Mr. Barrett. Yeah, Rob J., earth shattering, huge announcement coming from DJT.
There’s a lot, a lot to get excited about, but don’t, don’t, don’t read too much into it. Stay calm. Only if it’s LSU gold.
This one would be Wyoming. Hey, there’s gold in Wyoming. Hello, Mary Spaulding.
Definitely closer. At least it’s not quite the gold shirt moment yet. Just reading.
Okay. Hello, Rob Mellapess. Twyla, put it this way, Twyla.
They are going to take it out of the sealed packet, no matter whether it’s uncirculated, not uncirculated. It’s not going to get you more being uncirculated. So take it out, leave it in.
I can tell you the bank will be happier if you take it out and get it ready for them. No, I did not, Gabriel. I did not see that.
What the heck? We traded Pickens to Dallas Cowboys. I guess they’ve decided if we’re not going to have, yeah, wow. The early moves by the Steelers in the off season made sense.
The later moves, I’m like, what? Cheryl, no gold shirt allowed unless, to me, very close. I believe it means very close. We’re going to cross our fingers.
We don’t know the exact timing, but boy, I tell you, the news is things. Constant and good. Ryguy thinks Trump’s announcement will be something about taxes and the Sarah to Sarah related stuff.
Doubt he will announce currency revaluations. That would skip for being go straight to public. I can definitely see your logic in that one.
I’m not going to rule out him announcing some currency changes in the Middle East and politely ignoring changes in other markets to keep them under the radar. Wouldn’t surprise me. But what makes the most sense with the level of negotiations we’ve now seen between Chinese officials? We have a meeting.
Matter of fact, I believe that starts today or tomorrow in Switzerland with Chinese officials, U.S. officials over the trade. Bits almost exactly with this timing. I’m guessing we’re going to suddenly get an end to that trade war and the market will explode.
He can hide anything right there. He can hide almost anything. Oh, I know I need to stay on it.
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You may have to hit the more button. Don’t forget that on mobile devices. Trump’s announcement may have nothing to do with money at all.
Maybe 9-11 arrests, Epstein’s pandemic could be disclosure of some kind instead. Amy, absolutely. That’s why I’m telling folks don’t read too much into it.
There are so many moving parts in this that we have banks training new systems, specifically training and adding. How many people have shared recently things from their banks or internal messages from those that work in banks talking about starting to process these currencies? It’s exciting. Doesn’t mean we know when, but it is definitely exciting to see measurable progress.
Don’t think there’s a … Hey, yeah, guys, anybody want to keep me up on the Pope thing? I only have so much time in my life, especially with the kerfuffle or the now that everything has gone cattywampus between India and Pakistan. We hope it’s only kittywampus, not cattywampus. It’s only a little wampus.
Let’s see. Greg saying, the CBI conducts survey of banks and Kirkuk Government and sponsors an educational seminar to introduce financial inclusion in Erbil and Duhok Polytechnic University. Oh, this is going to get a little fun.
We’ve got some things in that vein to cover this morning, Greg, when we cover Iraqi news. And we definitely want to be ready for Andy today, so we’ve got to sing happy birthday a little early, get through some news. Big, beautiful bill, Jerry.
All we know, Fred, is to expect … Guys, if anybody hears anything or if that release happens while we are live, please, please let us know. The O’Keefe OMG Media Group is supposed to have a massive drop at some point today. He does tend to like between 10 and 12 in the morning for his drops, so keep an eye out.
I’m just reading a few of these. Jack’s mom, I was just going to go all natural. I figured I would do the booger look and put on my channel, my inner Sasquatch.
Let’s see. Happy birthday to your GD, I’m guessing granddaughter. Wait, Jaden on his 20th and best wishes.
All right, still trying to figure out the G. Hello, Digital Warrior. Hello, Miss Lisa. Do you think Fed will lower rates today? No, I do not think.
Powell has very clearly positioned himself anti-Trump. He can only do so much. So his passive-aggressive approach to it will be to leave rates fixed right where they’re at.
Mark Trump’s taking his name out of the running for Pope saying it will cut into his golf time. That is too funny. You guys have seen the memes with Judge Boasberg saying that Trump is not allowed to make a big announcement.
Just hilarious, hilarious memes. I am glad I’m on his side with the sense of humor because I can only imagine what it is like right now to be a globalist or a leftist with no sense of humor. The world must really be closing in on you in a painful, painful way.
Leelo Me, where does O’Keefe drop the articles? He usually drops them in a couple of places all at the same time, from True Social to X to YouTube to their own website. Gino, he did not comment. I’m guessing you did not watch last night’s update, but will not even comment.
But did comment to let me know that they are now processing or they have a meeting today. They are getting an update on their historic assets, not the bonds, but there are historic art kind of bonds mixed together. Golden Box of Guns.
There are some certain historic art pieces that get settled when bonds get settled that we’ve been waiting for for years. They have suddenly reached out to finish verification, update verifications, chain of custody, and they are supposed to have a meeting today, conference calls. I’ve got a number of sources telling me that, so to me, I think he got paid and is not saying anything, I think.
Certainly refuses to talk about that part. Very excited about the contracts meetings to settle out the historic asset update. Let’s see, Jason, Mark reports there are reports that Iraq’s turning in their Denardo exchange for Mascart that goes live tomorrow.
I’m just not hearing that. Jason, the jeeper, I know there are a lot of people reporting that, but my folks on the street are just like, they don’t know where it’s coming from. They cannot figure out where that news is originating from.
My concern is it’s one person said it, and then everybody circle tells and confirms the same bad news. I truly want all of that to be accurate, but I’m just, it’s not what I’m getting from my folks on the ground. 59 years together, Linda, that is something.
Congratulations. I did not see Trump passing the soccer ball to Bondi. Yeah, right, isn’t this a great one, Jimbo? How does the Fed buy bonds? I’m kind of confused by this.
They issue the bonds, then they print money to buy the bonds from themselves, and then they owe themselves dollars, but the American citizens owe all the dollars. Yeah, you can’t make it make sense, Jimbo, because it is absolutely nonsensical. Absolutely, that anybody needs any more proof that there’s any rational, calm, common sense thinking person in the world that thinks that that is an acceptable way to print money.
You’re special. I mean, you are so delusional. We’re going to get the little short bus to pick you up and take you to and from work and life.
I am right there. Tim Bumper just nailed it, fraudulent system to the core. Jerry, my warm and fuzzy is so over the top right now.
I just wish I knew what to tell you guys timing. We have people losing houses, people getting kicked out. Our helping hands have helped as many as they can.
Just isn’t enough dollars there to offset all the need. It’s always tough to know that somebody else didn’t make the finish line. That’s like writing yourself a check, cashing in to pay bills or buy something and hope the check doesn’t clear or that it doesn’t bounce before you pay the bill.
Yeah, no, it is crazy. It is nuts. Karen G, I like this one.
Let’s just pray that whatever’s announced that it will be the thread pool before all heck breaks loose, gets it to the finish line. Tammy, 64 today. Tammy and Jaden so far.
I do have one we’re going to need to dive into. We’ve already been touching on the news. You guys already had me there.
I do want to add one thing before we dive into Iraqi news. I will go fairly quick today. I will be in chat answering some of the questions because, you know, Andy, he’s going to get a tangent run.
And that’s a great thing because we have so many macro conditions, economic conditions right now coming to fruition or changing. There’s going to be a lot for him to talk about. I would imagine.
So I’m going to try to get through this. We’ll give me an opportunity to answer some of your questions in check because I am going to miss them as I’m doing articles. Some interesting internal stuff coming out of the IRS.
My best IRS contact hit me and then I had a couple more that work within. All right. So it appears that there have been some retasking going on at the IRS.
Appears that their days is just, you know, only investigating tax or whatever or weaponizing the tax system against others. Looks like they’re going to weaponize it for something else now in a positive way. New priorities at the IRS are as follows.
Illegal tax and financial crimes connected to illegal immigration, including potential Title eight human trafficking, smuggling. They’re going to start looking for these crimes. Follow the dollars.
They’re going to use these IRS agents that used to go chase us because we deducted too many things of ends or somebody didn’t fill out a proper exemption form when they took, you know, a business person to lunch or dinner. Instead of going after all those people, they’re going to start using the power of the IRS to go after traffickers, smuggling. Follow the dollars so that they can find them.
They can use the money as their link, organized crime, gang related fraud, waste, abuse, financial crimes that have victims. Now, this is a key. If you follow common law, this is very important.
You do not have a crime unless you have a victim. Victimless crime doesn’t exist if you follow common law. So I find this very interesting that the IRS are being told only financial crimes that involve victims.
Big change there. And I think it is a huge indicator that we are getting closer and closer. Common law.
Me personally, I got a bit of a warm fuzzy over those information running around the IRS today. Hundred years in the White House. There’s been a presidential dog.
None now. I guess Trump will make the Democrats his. Oh, geez, Rodney, that’s bad.
That’s bad. I did find that interesting that what their priorities have suddenly changed to. All right.
Let’s get into Iraq. President of the Republic to the governor of the Central Bank. The need to develop a solid future strategy for fiscal policy.
This is more of that feel good stuff. But you’re going to find a constant theme right now in all of these financial articles and political articles coming out of Iraq. And we’re just going to sum it up right here.
I mean, nearly every article you read right now is going to have something in there about stability financially and politically in its region. These are just some of these victory laps. They’re giving each other high fives at a boys.
And this is a constant thing because they want to drive that home. That stability. Why is this important? Specifically, these are taxes and fees that government has not been collecting.
And we get a great indicator of just how important this is here. It’s data the bank indicated. I don’t know if this is the best one.
Let’s go up. According to the data issued by the bank, the total settlement succeeded 2.65 trillion. This is billions of dollars, guys, in the U.S. A remarkable increase compared to the same period in 2024, which amounted to about 772 billion dinar, which you look at that difference, it is huge.
2.65 trillion, 772 billion. Just moving electronic. And they haven’t fully completed it yet.
This is money that used to disappear into the corruptosphere of Iraqi politics and world politics that is no longer disappearing. This is part of why it’s important to have these anti-money laundering laws, et cetera, and to follow the dollars. And I think this one’s huge because it shows you the potential.
It was always there. They just lacked the political will to execute the systems. Now they’re executing the systems.
Safe, stable. They let us know. Guys, I just love it.
Reliable government towards building an integrated, more effective financial system. You guys need to start reading through some of these and see just how many times they talk about the stability. Sharp increase electrical payments to government institutions.
There it is again, another article. We’re going to get them over and over and over. Here’s another one.
The dollar’s decline is due to internal factors, has nothing to do with external events. It’s more of that whole safe, stable. They talk about everything going, India, Pakistan, all these geopolitical conditions, but they are still strengthening regardless of these, which shows you.
And they talk about that demand and how they are doing it. The property values, the de-dollarization, and the successes they’re having. These are all necessary things for your revaluation.
Now Saleh strikes again. Saleh ends controversy. 2025 budget will remain close to the $156 trillion with internal borrowings.
In other words, he is showing us how they are meeting the budget and that they are meeting the budget. Everything’s okay. We had to tighten the belt a little internally, but it’s okay.
We’re not borrowing from outside. We are issuing some government bonds and our tax revenues and oil revenues are covering it. He also pointed out again for the umpteenth time.
The average oil price in the first quarter of 2025 was above $75. Yes, it’s down to $63 now, but if you do the average, you look at the time, they are still doing fine. No panic.
Advisor concluded by saying, with this coordination, high guarantees are provided to achieve sustainable economic development in the world. Witnessing progress in Iraq’s economic stability at a rapid pace. There it is again.
You keep seeing it. The progress, economic development and stability, they keep driving it home. Driving it home.
Great one. Tabak Chali. I know I totally butchered that.
Market at an all-time high, but oil prices crashing. What gives? This one was a really great one. Getting into some of the market fundamentals in Iraq and some of what has made it immune to the craziness around them.
Because Iraq, without large amounts of external debt, have been able to weather this storm and still grow. Unlike many other countries in the region and the world. A great economic breakdown that just really drives home just how much success that they have had.
In other words, they are not so globalized that it’s messing with them like it is the rest of the world. Follow the money. Follow the money.
I love that one. You guys are definitely nailing this thing and paying attention. I’m smiling.
The news really has been great. Another fun one for you guys. Vietnam set to overtake Thailand as Southeast Asia’s second largest economy.
Second, third values. Both of them are ones we are watching and both of them are prospering. Just makes you feel good.
I just thought I’d throw that one in there for a feel good since we very rarely touch on the other countries. The article will be in the links. I know I’m moving quickly.
I’ve got to be ready for Andy. Kevin shares many of these things with me. Kevin, Terry, I’ve got a few people that really help with articles.
Geologists uncover the world’s largest phosphate deposit worth $12 trillion in a totally unexpected location. Dude, when you talk about unexpected, this one caught me flat footed. This one coming out of Norway.
A recent discovery in southern Norway could have profound implications for the future of green technology with 70 billion tons of phosphate now confirmed beneath the Norwegian soil. From batteries, fertilizers, we just keep. Here we are on the cusp of the commodity world, asset world.
You have central banks, economists all over the world, national leaders from around the world telling us that we are moving towards asset and commodities away from fiat. And here we go. Yet again, we have more massive, not just gold, phosphates, aluminum.
Thanks for making aluminum. You turn around every time it’s a necessary copper, iron. We can turn off the news one now.
I’m going to hit just a couple of things quickly so that we’re ready for Andy and saying. Then I’ll take time to look through everybody’s questions. Michael, exactly.
Ding dong, ding dong. It’s time. It is time.
We are watching it. We are watching it. All right, let’s keep running.
Yeah, Jimbo, all these countries finding themselves with all these assets. It’s crazy. And all those assets will support the value of their national currencies.
A basket of commodities. The fourth turning is now raging and Neil Howe warns it’s gone global. This one to me, I like reading these.
They’re reflective. They tell you what some people see, these global events. This is more like sitting down with a philosopher as often as it’s sitting down with a political pundit or commentator.
Somebody, history tells us civilization and societies boom, bust, and rise anew to repeat the pattern, a pattern that demographer Neil Howe says is surprisingly predictable in both its timing and trajectory, and it is. These are some of these cycles and super cycles I follow and I keep telling you folks about. If you just follow the cycles, the history, it is so history rhymes.
It doesn’t. It’s not always repeating, but it nearly every single time rhymes and follows very predictable patterns. You don’t know about the micro events in there, but you know what the macro events are are in there.
And they talk about this resetting. And we are at the end of one age, the beginning of another. And he’s just talking about Trump’s position in this, the world position in this, some of the unrest we can see.
And global conflict usually accompanies these things. And we are certainly seeing it doesn’t mean it has to, but it almost always has throughout human history. The only thing that seems to offset is that is some type of natural disaster, some large scale that can also fill that bill.
But we look at it right now. We have so much unrest around the world. We don’t even need a full blown world war.
We could settle for regional conflicts in this reset, this move towards national, this move away from globalism. Not completely removing globalism, but increasing each nation’s ability to stand on its own. And he does just a great deep dive.
I hope more people, more people pay attention to articles like that. When are we going to see the EBS about the time aliens pop in? And it wouldn’t surprise me, guys. It would certainly, it would certainly fit the bill.
Miller gives four word correct process for deporting illegal aliens. I love this one. White House Deputy Chief of Staff Stephen Miller shared a succinct definition of the due process.
Leftists are continually referencing regarding the issue of deportation of illegal aliens. It’s not complicated. Stephen Miller, the correct process for illegal aliens.
Are you here illegally? Yes, no. Deport. If you’re an illegal alien, are you here illegally? Deport.
That is due process. Fully agree with due process. Should be super simple, super fast, easy to understand and prove who can be against this.
Exactly. Why is that difficult for many people? That is simple, yes or no. Yes, if they’re here illegally, they go.
No, if they can prove they’re not, they stay. Bam. Simple.
Due process. What’s confusing about it? I just love the very common sense, brutal answers that many in his new administration are giving. Very unlike his first term.
Very. Now, the one that has many around the world afraid, or should I say uneasy, does not seem to be affecting the Indian stock market. Devastated the Pakistani stock market.
Perhaps them saying, that’s them going, you know, I don’t think we can win this thing. Pakistan closes airspace for 48 hours, authorizes response to the India attack, which ignited inferno in the region. We’ve talked about this.
We talked about it some yesterday, guys. It is a bit of a scary time right now on that front. You have two nuclear armed nations that share a long history of conflict, both of them bordering China.
Pakistan reaching out to China in hopes that China will back them. India really hasn’t reached out to anybody. Now, historically, Modi has had pretty good relations with the U.S. Putin has a long history of very solid relations with India, or should I say Russia.
Which way does this fall? Do we start seeing deals? If we look in history, we will start seeing world leaders cutting deals. Deals like, all right, worldwide conflict is starting to break out. Let’s just go ahead and sit down, back room door, smoke a cigar, have a whiskey and decide who gets what when it all falls apart.
In other words, are they going to say, you know, Iraq, you can have Iran. We’ll go in there. We’ll remove the leadership.
You’re going to be in charge of both. Now, I’m not saying this is what’s happening. I’m just giving you examples of some of the kinds of things that happen in history.
They could say to Russia, all right, if you don’t attack the U.S., we’ll turn our back. You take, I don’t know, Ukraine or maybe another Baltic state. I don’t think they would give them another Baltic state.
I’m just saying, or maybe portions of China. Perhaps they’re going to go in there and say India, you take that. I mean, do you see where I’m going with this one? If history repeats itself, we will start seeing deals like this.
You saw in World War II, you know, Stalin from Hitler to Japan. They had already started divvying up the post-World War II war. That’s not how it turned out.
It’s probably the only time in history in which a nation turned down the whole world. The U.S. could have taken pretty much the whole world after World War II. They could have just said, you know, it’s ours.
We’re just going to be in charge. But they gave it up. They gave it all up.
They’re like, nope, you need the power to determine for yourselves. Do you think this turning we will see the same thing? And I can’t wait to ask Andy that question and his thoughts, because we do. We see massive shifts in the world.
All right, I need to sing happy birthday and let Andy start talking. I think that’s the way to do it. Polish candidate wipes his feet on the EU flag.
People getting fed up with the global control. They are. The question is, does it backlash and go south? We look throughout history whenever there has been this dichotomy between the haves and have-nots, the globalists, the sovereignists, et cetera.
And it doesn’t always go well. Sometimes it goes extremely the other direction. This is going to depend on everybody else.
All right, what are we learning here? O’Keefe and Benny are longtime friends. I think you’ve spread this. Okay, I don’t know what that’s going on there.
Red Rock Guy’s birthday, Jaden’s, Tammy’s. Let’s sing happy birthday and then let Andy rip. I’m looking forward to this one today, folks.
So they tell me it’s your birthday. Well, happy birthday, darling. May you live, may you love, and may all your dreams come true.
Happy birthday, happy birthday, happy birthday to you. Let’s see what Andy thinks. What’s the big announcement, Trump? The big positive announcement.
He has said he’s got a huge announcement and it’s really positive. I have no idea, man. I have no idea.
It may be something to do with Saudi Arabia, but I have zero idea. Do you? He’s getting ready to go to Saudi Arabia, Qatar. He’s ready to do a whole tour of the Middle East.
Talk about something positive. Could it be Palestine, Gaza? Could it be, I mean, he just may be announcing the White House is getting a new dog. Yeah.
You don’t know with him. I don’t know, my man. I really don’t know.
But whatever it is, I mean, I’m excited. I’m excited to hear. And then there was that journalist who was supposedly going to make his announcement today, the one he was afraid for his life.
You know what I’m talking about? James O’Keefe, O’Keefe Media Group, OMG Media. And he has certainly indicated enough that it will have a lot to do with Pfizer, Moderna, COVID, and folks inside of the U.S. that knew more than the doctors, et cetera, whether it’s Fauci. But I mean, that’s the implication.
When I go back through his like social media feeds and comments over the past two weeks. Yeah, I mean, I don’t know. There’s just a lot of stuff that, you know, I think what would bring a lot of people who have kind of, even on the right, who have a little bit fallen off the Trump bandwagon, would bring them back would be something like that, where, you know, all of these things that he had talked about, you know, the justice, if you will, that seemed to have just run afoul over the last four years.
Maybe that’s, you know, you’re starting to see a little bit of that. John Roberts, and maybe, maybe indeed, that’s, you know, where we’re going. Hopefully, these people who did what they could to destroy the culture of this country knowingly, maybe they’ll get a little bit of what’s coming to them.
I don’t know. I think that that would go a long way, in my opinion. But, you know, there’s a there’s a lot of stuff going on, Mark, a lot of stuff going on under the scenes that I think is going to bring about a lot of change in the near future, in particular, what’s going on in China, in particular, what’s going on with the BRICS nations, which I haven’t talked about on your show for a long time.
But the groundwork is being laid, as far as I’m concerned, for some very big developments with, in particular, with the BRICS. And I think it’s easy to have lost sight of that. But let me talk a little bit about that.
I’ll answer any questions that you have, any way that you want to go. But there’s a lot to talk about. And no one’s really talking about it.
So let me just find a couple of things here. So the other day, we saw China, Japan, South Korea and the Asian nations issued a joint statement promoting trade in local currencies, reducing dollar dependence and pushing back against U.S.-driven protectionism. Now, these were countries that were rival powers that are now aligning economically, signaling, I guess, a new era.
This is something that we’ve never seen before, where these countries who were once rivals are now coming together. That’s a big deal, right? So they made that announcement. But remember, let’s go back a couple of weeks ago, when we talk about the announcement that China and their new cross-border payment system, which I mentioned last week, the RMB cross-border settlement system, they connected it to those same 10 Asian nations and the countries in Southeast Asia and six Middle Eastern nations covering 38 percent of global trade.
And this cross-border payment system settles in seven seconds instead of the three to five days that this is Enbridge. And it settles in three to five seconds instead of the seven seconds instead of the three to five days that Swift takes. So you’ve got all of these countries aligning together in trade, in settlement.
They’re all the ones that have been buying gold. Now, let’s take it a step further, right? So you have them all coming together and making a joint statement. You have the Russian finance minister saying that this technology will be opened up to non-BRIC nations.
That’s the biggest thing ever. So you’re talking about the Belt Road, which is 70 percent of human population already. The Shanghai Cooperation Organization, the Eurasian Economic Union, the Asian countries who are now signing a joint agreement together, used to be adversaries and now are uniting.
And then you look at the announcement that the Shanghai Metals Exchange just made and that they are going to be internationalizing the exchange by opening up depositories in Hong Kong, in Saudi Arabia and in other parts of the world to internationalize their Yuan settlement. So they will be able to buy oil, as an example, from Saudi Arabia, pay for it in Yuan and settle any imbalances in gold. And all of it will be done outside the purview of the Swift.
Now, they can do the same thing with countries that have no ties whatsoever to the BRICs across the entire Belt Road. These things are happening right underneath our nose and nobody, nobody is talking about. But if you look at the linear progression of it, where first they connect on this bridge technology, then they make a joint statement, a united joint statement, which is huge.
Then they say, well, we’re going to open this up to non-BRICs nations. And now they’re building gold hubs all around the world in order to settle the imbalances. This is happening.
And you can see the world is preparing for a new monetary system that’s going to be tied to gold. I believe that in my soul, I do. Since in March alone, China added five tons of gold and that’s five consecutive months of purchases.
But Goldman Sachs says that those numbers are 10 times understated. We know all of that. But then we look at what’s happened on COMEX, right? Since Easter, since this Easter, we’ve seen 11,692 silver contracts in one day stand for delivery.
That’s 1,993 tons. Take, take 11,692 multiplied times 5,000. That’s how many ounces stood for delivery in one day.
Since Easter, we’ve seen 34 and a half tons of gold stand for delivery. These numbers are off the charts, off the charts. And so something big is happening.
Something really, really big is happening that I don’t think most people, even those that are following this kind of stuff, really are grasping because the BRICS information kind of shut off in January. And that’s because of what happened with the BIS and Enbridge. But they are progressing in a way that I think is accelerating and opening it up to countries that are not on the BRICS 11.
You just saw Indonesia become the 11th member. They have the largest deposit of nickel in the world and growing. Forty-some countries have signed up, Vietnam being the last.
So you have the meeting coming up here in July, which coincides with the Basel III reclassification of gold, amongst other things, the banking regulations that go into effect in July. There’s a lot of stuff happening, man, a lot. And I think over the next couple of months, things are going to get nuts.
We see gold fall by 200 bucks last week. And we’re told that it was the Chinese selling, yet the Chinese markets were closed. So how the hell does that happen? And it wasn’t selling physical gold, it was selling futures on the Shanghai Exchange.
Maybe those orders were put in prior to the weekend, right at the close. And it doesn’t have to have been Chinese traders. It could have been American traders trying to hammer down the price.
And then you see what happens. The minute China opens back up, we’re up $200 in a day. Now, nothing signals a hot war, potentially, between two nuclear powers in Pakistan and India as a $40 dump in gold.
But what is $40 anymore? 48 bucks, that’s just over 1.25%. The numbers, as the price goes higher, those percentages become less and less and less. A $100 move is only 3%. And I think you’ll begin to see 1 in $200 moves in gold on a regular, this will be regular all the time.
I think you’ll start to see big moves in silver as well. Then we talk about what gold represents, right? Gold represents, to me, wealth, free from counterparty risk. And then you see what has happened over the last two days, right? The Treasury, we were supposed to believe that Treasuries are what the rest of the world buys because we have the most liquid and trustworthy market.
Gold now makes up almost 20% of global reserves, a 26-year high, while Treasury holdings are at their 22-year lows. And we saw two days ago, and I got to get the exact number. You may have covered this.
I don’t know if you did cover this. But two days ago, we saw through, let me pull up the exact terminology here. We saw through a branch of the government, what the hell is the name of it here? Just a second.
We saw them buy a tremendous number of three-year Treasuries. Let me see. Did you cover that at all, by the way? The 10-year Treasuries, I think it was 14 point somewhere.
I’ve got this. It was, but the day before that. That’s correct.
The day before that. So the group is called SOMA, S-O-M-A. And if you look up what SOMA stands for, it’s one of these market-stabilizing branches of the Fed.
So they quietly stepped in and bought 20.4 billion in three-year Treasury notes, and then yesterday bought 10-plus billion, 14 billion in 10-year notes. So what does that tell you? That tells me that the market couldn’t absorb the debt. It means private demand is drying up.
It means the Fed had to stop it and be the buyer of last resort. It means confidence in the U.S. debt is wavering. The fact that they had to buy that much debt signals that the foreign and institutional appetite for Treasuries is falling apart.
More Fed buying, more dollars in circulation. That means more inflation, especially as the Fed keeps intervening behind the scenes. The three-year and the 10-year signals that the Fed is trying to suppress midterm rates, which is something they’re not really supposed to do.
Likely to ease borrowing costs. To me, Mark, this is what the fiscal endgame looks like. The government issues debt, the Fed buys it.
And the illusion of this functioning bond market continues. But this is massive, because the rest of the world says, I don’t fucking want your Treasuries anymore. Look at what you’re doing.
You’re sanctioning. You’re threatening. You’re putting tariffs on, which aren’t really tariffs.
They’re sanctions. I’m going to buy gold instead, which is in July in the United States becomes equivalent to a tier one asset with no counterparty risk, which is outperforming the Treasury market. And no matter how hard they try to knock it down, it comes right back up.
That volatility is what keeps everyone else out of the market. Oh, it’s too volatile for me. But yet it keeps inching higher.
Regardless, people said, oh, it’s over. Sell your gold. And then it goes up 200 bucks again.
So this is something that you’re going to see continue, I believe, in a very, very strong way. You’re going to start to see things accelerate as we get closer to July. I don’t know, man.
I think these are interesting times. The Bank of India just noted that they doubled their share of gold in its foreign reserve since 2021. India is increasing its gold reserves as well.
And I don’t know. I was reading something last night, and I jotted it down. I thought it was great.
Alan Greenspan said, once gold is a currency, no fiat currency, including the dollar, can match it. And I think that’s the belief that, in my mind, you’re seeing central banks live by right now instead of any other currency, instead of any other instrument of savings like U.S. Treasuries. This is changing.
Let me see if I got anything else I want to talk about, unless you have things you want to talk about. Hey, we got so much going on right now. I mean, we’ve got reports showing us that right now, on average, the U.S. dollar is losing 50 percent of its value every six years.
You go back six years, you look at gold, it was 1,200 bucks an ounce or so. Here we are at, what, getting close to 34, hovering around there. Well, go back to 1971.
Gold was $35 when Nixon closed the gold window. And look at it now. It’s 3,400.
It’s lost 90 plus percent of its value in my lifetime and your lifetime since 1971. No one talks about that, but it has in relation to gold. Gold is the barometer by which we measure the value and the health of the currency.
And people don’t really talk about that. I mean, I was just talking to my dad this morning. And I’ve told this before, and he’s right.
When he graduated, his first job out of college for some company called Helene Curtis, it was like, I don’t even know what the hell it was, like beauty products or something. In 1963, he was paid $100 a month. That’s what he got paid to, no, $100 a week.
I’m sorry, $400 a month. His first job was just $5,000 plus a year, and he could live comfortably on that. He says to me, yeah, it was enough money.
They gave me a car and an expense account, but it was enough money for me to buy a Triumph on the side. I mean, you can buy a car making $400 a month in 1963 and live comfortably as a married couple. So, I mean, is it that gold is going higher or they’re destroying continually the value of the dollar? And that’s the part that people have to understand.
Here’s the thing. They don’t hide it. They tell you their acceptable inflation rate.
That is them destroying your dollar and your savings. And they do it right out in the open now. They don’t even try to hide it.
That’s exactly right. That’s exactly right. But it’s continuing, and it’s accelerating.
And watching the Fed come in and, in essence, buy $35 billion worth of Treasuries when they are supposedly quantitatively tightening or moving away from that, adding to their balance sheet again, and when they buy those Treasuries, it pushes interest rates down, which then incentivizes more of the nonsense that we’ve gotten ourselves into for the last 25 years when you suppress interest rates. See, interest rates are supposed to be controlled by the market, not by a central authority. And when you suppress interest rates, you create distortions in asset prices, misallocations of resources and capital.
You incentivize indebtedness. You incentivize companies to grow their company, to expand, to take on more debt, to build another wing, to hire more people. You incentivize people to take on more debt, buy a bigger house, buy a bigger car, do all of these things that you would otherwise not do, because you expect easy money to be here forever.
And at the same time, it’s adding more and more and more inflation into the system that’s not going away. Powell talked about eliminating his dual mandate, that he probably can’t do both, and that is full employment and stable prices. In other words, what he’s saying is that if we don’t continue to lower rates and to let inflation run wild, the economy will contract massively.
You’ll see mass layoffs. You’ll see corporates fail. You’ll see stock prices tumble, interest rates rise.
But that’s the same thing that we see with the tariffs. I mean, let’s not forget, what are the tariffs doing, right? I mean, Triffin’s Dilemma, and everyone should Google that, Triffin’s Dilemma, basically says that if you are the world reserve currency, you will always run trade deficits, always. That’s just part of the gig.
But these are the countries, as I’ve said over and over and over again, that enable us to have cheap goods, low interest rates, high asset prices, and a standard of living that otherwise we wouldn’t have. So pushing back against that, incentivizing these countries to not buy Treasuries, to not hold our debt, to not finance our lifestyle, to trade in currencies. Think of the bridge, right? You’re talking 90% of human population.
If indeed what he says is true, the finance minister, opening it up to other countries, just the Belt and Road alone, along with the BRICS, along with the Asian countries who have signed on, the Middle Eastern countries, and then you add on the Eurasian Economic Union and the Shanghai Cooperation Organization, who have BRICS members in it, and they’re all tied together, you’re 90% of frickin’ population. Three of the four largest nuclear arsenals, the majority of all the rare earths and the 100% of all of the refining, the majority of the commodities from base metals to precious metals, they produce and consume more soft commodities like wheat than the West does. All of these things, if we do this and we incentivize them, you have to understand, we expect these countries to take our dollar for the goods that they give us and then to reinvest the proceeds in treasuries, which has kept asset prices high, goods inexpensive, interest rates low.
The opposite of that are high-priced goods, high interest rates, low asset prices, and a standard of living that goes into the shitter. And that is the truth. Now, the question is, is this what he’s trying to do? Is he trying to drag us through the shit in order to get to the other side, to bring back our manufacturing, to bring all of this back? And if we do, the adjustment process is substantial.
You have to realize that, yes, it would be better for our grandchildren to have manufacturing here instead of buying it all around the world. But if we do that, we need to shed the world reserve currency. We have to.
We will always run trade imbalances. That’s what Triffin’s dilemma is. So if that’s what he’s trying to do, to incentivize the world to say, enough, we don’t want the dollar anymore, and then we onshore everything, it’s going to be a massive adjustment.
But in the end, it’s like taking your teaspoon of medicine, you know? When you’re playing golf and you hit the ball into the woods, there’s an opening. And I can do it. I can do it.
But that’s never a good idea. You’re supposed to just punch it out and take your medicine. You have to take your medicine to get to where you need to be effectively.
Well, is that what he’s trying to do? I kind of believe he is. And that’s why you see this massive influx of gold coming into the country, because that will be part B. When we issue this new system, it must be one that establishes trust, pegged to something that will establish trust. You will see gold continue to rise until maybe they revalue it.
Even marking it to market would be a huge revaluation. But every $4,000 increase in the price of gold gives the Treasury General account $1 trillion free and clear. I don’t know, Mark.
Things are really different, dude. About time for a revaluation of gold. What’s that? About time to revalue gold.
Yeah, well, I think it will happen. I don’t know. I just think that everything I’ve talked about on your show for the last couple of years, it’s all coming together.
And while everything I said didn’t follow this pattern, a lot of it is coming true. And I see this accentuating and accelerating. We’re in that acceleration phase right now.
You have to pay attention to what’s happening. Slowly, slowly, suddenly. Sorry? Slowly, slowly, suddenly.
Yeah, little by little, then all at once. That’s logarithmic decay, and that’s what’s happening. So I think if we don’t question the motivations, we’ve learned nothing.
And I think there’s a lot more going on with his agenda than we are being led to believe. I do believe that he is, in the end, he is very much for making this country great again. But in order to get there, we’re all going to have massive culture shock.
That’s the truth. He kind of touched on it yesterday. He talked about some of the little knickknacks and the crap.
I mean, what’s necessary for a standard of living? Do we need a… $20 or $4, right? I mean, what is it we need? Do we need that $4 Timu or Sheen? We’ve got to look at our own priorities. What’s important? What’s not? What’s really part of our standard of living? And Scott Besant talked about it. He said, you know, America has medicine to take, medicine from decades of poor fiscal responsibility and poor fiscal policy.
So for me, it’s very clear. Let’s try to reset us. Reset as much as he can.
Yes, he is. I mean, everything you’ve talked about, talked about a reset, and this is where we’re going. Booger over there, I’d sell your 30-year treasury yesterday and I’d buy a slew of six-month treasuries.
And, you know, you’re making pretty damn well near 5% on a six-month treasury. Oh, hello, Kevin. And you’d be far better off buying six-month treasuries, buying them directly through treasurydirect.gov, right from the U.S. government.
Disintermediate the banks. Do that yesterday. You’d be better off.
The EE bonds, I believe, are the ones that are the inflation-adjusted. I think, I don’t know the duration on those. Those are good.
But for me, any duration U.S. debt is a mistake. If it were me, I would buy six-month and nothing higher than that at all. Was that after you kicked the titleist to get a favorable lie? That’s funny.
Yeah, I mean, I’m still waiting. There’s a number of podcasters that are supposed to have records on this month to talk about. He keeps talking about Trump.
He’s got 150 trillion American trust. Is he just talking about most of what I read? He’s referring to assets in the ground that just have not been monetized like they monetize them in other countries. But is there some other magical thing he’s talking about? Or is he just talking about we’re going to revalue all of our minerals and there it is because we’ve suppressed the value? I don’t know.
You know, Tommy Took makes a good point. That’s what I’m saying. It will set the new business trigger of the reset.
It will pull back power to the USA and to the gold standard. I agree with Tommy. However, getting to that point will be a very painful exercise.
It will be a very painful exercise, Tommy Took. Because everything that we’ve done or experienced over the last several decades is of cheap goods, rising asset prices, low interest rates, and a standard of living that just it’s our birthright to live better than our parents and our grandparents. I think it needs to be done and Trump understands that.
See, you can continue going down the path until you just fall off the cliff or you can do something that he’s doing, which will be a massive adjustment process for us and probably this next generation, at least for a while. So that’s an interesting question. I think if I needed money in the next, like if I had college to pay for, a wedding to pay for, taxes, anything where I know I needed this money in a short period of time or I wanted to keep it liquid, I’d buy six-month treasuries.
If I’m looking for what is probably the greatest, the most asymmetrical investment maybe I’ve ever seen, which means low downside, high upside, then I would buy silver. But they’re different vehicles. To me, you put money in short-term treasuries because it’s not speculative.
It’s not what it once was, the treasury market, and there does come risk with treasuries, but that’s why we do six-month in duration or less, which are very, very, very liquid. And by buying them directly through treasurydirect.gov, you disintermediate the banking issue, which we’re not out of the woods with the banks yet, not even by a long shot. I mean, we’ve already got, what, over a billion dollars of losses in the Chinese banking industry in just the first quarter.
I mean, you’re still watching losses all over in the banking sector right now, not to mention all the unrealized losses that they have to eat at some point this year. No, the banking industry is not safe and secure right now, in my opinion. Right.
I agree. I agree. Here’s a great question for you.
How about if he just revalues our existing gold, the gold that we already hold, but would he peg it again? If he revalues our existing, does he peg it to that, or does he just say, boom, market value? Well, if he put it in market value, it gives 800 billion to the treasury. And I’ll explain how that works. If guys like Rickards is saying 27,000, and he takes, he’s taking, and I don’t know if he’s just taking M1 and 40% of it, but what he’s basically, see, that’s not, because if you took M1 and 40% of it, you get just over $9,000 an ounce.
And M1 is currency in circulation. Those are the notes in circulation. M2 would be the money in your bank account, which you see, which is credit.
It’s 92% credit on M2. And M2, in other words, is not just the notes in circulation, but also credit, bank credit. So when you look at your bank account and you see that number, that’s credit.
The bank owes it to you in Federal Reserve notes, but it’s not there. If you go to your bank and say, well, I got a million dollars in my bank account. I want it right now.
They’ll be, I’m sorry, we only have $9,000 to give you. Point of it is, is that the, it’s there if you need it, supposedly, but when the dollar was backed by gold, they backed M1. And Mike Maloney did a really cool video on this not too long ago.
And the number, the actual math behind it is that there’s $2,365,000,000,000 in notes in circulation, divided by the 261,000,000,000 ounces, you get $9,044 an ounce. But, you know, you put it at $24,000 an ounce, as an example, as crazy as that sounds. I don’t think it’s that crazy at all.
With Bitcoin nearing 100,000, you revalue gold at 24,000. And who does that benefit? Every central bank on the planet who’s been buying the crap out of it. And maybe that’s the, kind of the narrative that was laid down in the back rooms.
Why are they all buying it? Why are they all repatriating it? At $24,000 an ounce, that would give the treasury general account $6,000,000,000,000 free and clear. That they can pay off debt with. Yeah, me personally, Royce, I have about revaluing silver as well.
A gold standard doesn’t work without revaluing silver. It just doesn’t. Jim Sinclair used to always say that, he would say, the financial geeks have killed us all with those derivatives.
He called them weapons of mass financial destruction. And the derivatives are a very big deal. I mean, that’s how you can bring down the entire system, is just let one of these big banks fail.
And they’re all so incestuously tied together through derivatives. That, yeah, I mean, no one really knows the value of all of these derivatives largely because the value of a derivative is based upon a counterparty’s ability to make good, to perform. And as the daisy chain starts to stumble, you end up with a whole lot of problems with defaults, which then affect them, and them, and them.
And that’s why AIG had to be bailed out, because they are the reinsurer. They sell the credit default swaps, which basically says, well, if you and I are trading, and I say, well, you know, Mark is way too risky for me to trade with, so I need to buy an insurance policy against him going bankrupt. That’s what AIG did.
You see enough of that happening, bang, just like that, the whole thing was poof. So could it happen? Yeah. Is it planned? Is it in the cards? Is that what they’re trying to do? I don’t know.
But somehow, some way, we need to get to the other side, and the system needs to be reset. And the more I see what he’s doing, it almost seems as though he’s cognizant of this, and is trying to slowly and orderly create some sort of a reset. Now, he appears to be trying to give us our medicine a small little teaspoon at a time, instead of just tilting our head back and pouring it down our throats.
I don’t know. I like the curse of Oak Island, but I don’t know who Marty is. I’ve watched it before.
Do I really look like someone? He’s one of the two brothers. Marty, I believe, is the more responsible, older, shorter brother. Well, that would be me, of course.
Hey, I understand my son is in here somewhere. That’s what someone just said. They will never revalue silver, I don’t think.
It’s too important from a standpoint of industrial applications. I think the market will revalue it, but they won’t revalue it. There you go.
The market will revalue it. They won’t have to officially revalue silver as part of its relationship with gold metals and industrial and history. It’s going to revalue itself when gold does.
Mr. C’s been saying for 10, 15 years that derivatives will be what brings down the system. Yeah, it probably will be. Jason Schaaf writes about the FDIC limit.
Who knows what the new system looks like? Right now, the FDIC limit is one of the things that not enough people understand. Remember what happened in October of last year where the Bank of Lindsay, Oklahoma failed. The Dodd-Frank Act reads that anything over the FDIC limit, it’s uninsured.
It’s supposed to just go poof. You are an unsecured general creditor of the bank. When the Bank of Lindsay failed, there was only $7 million in uninsured deposits.
They were able to get their insured money back the following Monday, and half of the uninsured deposits they got, that’s it. Then they should have gotten none, but they did get half. That other half is gone.
They have up to four years, that being the FDIC, to pay it back if there are assets left over after paying the liabilities, which there weren’t, and pay back in the form of bank stock of the new bank. This is what’s going to catch a lot of people if you see a big bank failure. This is what creates a bank run, which then sets off the daisy chain because people don’t understand that bail-in legislation is law.
That’s partially because when Silicon and Signature failed, they were illegally bailed out. We’ve talked about that. Interesting, when Bank of Lindsay, Oklahoma failed, you couldn’t find it anywhere.
Everyone talked about Silicon and Signature because it was Oprah and Hollywood money and tech startup, and they all got covered. Well, it wouldn’t be on us at CFDIC, right? But when Oklahoma failed last October, not, shh, don’t, you can Google it and find it. Wait till a big bank fails and is bailed in, and that, just like that, everyone would say, get your ass down to the bank now and get all our money out.
Well, money’s not there. Money’s not there for you to take. Right, it’s credit.
I mean, even under ideal system before COVID, we theoretically had 2% of deposits were actually held. And that’s, we got worse since then. So you just figured out 2% of us are gonna be able to get our dollars.
Yeah, and I mean, it works out to roughly, if you look at, it works out to, in essence, they have about 150 or 60 billion backing 18 trillion in deposits. It’s just a few cents on the dollar. Silver, the gold to silver ratio, Vincent, for 5,000 years was 16 to one.
And now it’s seven to one. Keith Neumeier talks about that all the time. He’s a buddy of mine who is the CEO of First Majestic.
He also is on boards of gold companies. First Majestic is a very large silver mining company. And he publicly, he’s been saying to me privately, and then now he publicly says it, that the ratio, the mining ratio is seven to one currently.
And that’s because silver is found very near the surface. It’s called epithermal, like your skin is epidermis. Real near the surface, and the big deposits were found forever ago.
Of the 850 million ounces that were mined last year, roughly only about 20 million came, or 200 million came from mining companies that mined silver. The rest was byproduct of other mining where they stumble across it. So, you know, there’s only a handful of big silver mining companies because it’s just, it’s so hard to find any new deposits.
It’s depleting in nature. So the answer is yes. And I’ve talked about this, you know, I don’t know how many new members come on your show.
And part of my problem, and I don’t know if it’s a problem or if it’s just that I only think these are the important things, is that I, you know, often will go back over the same narrative. But if you look at how these linear things are progressing, much of what I have said on your show has been very, very, very important, especially the accumulation of gold, the reclassification of gold, the onshore, all of these things have happened. So I think it’s important to harp on the fact that it is my 1,000% belief that the reason silver has been kept low is because the military industrial complex needs it for high-tech weapons.
They need it. And it’s indisputable. If you go back and look at all of the documentation where silver used to be included in the supply-demand numbers for military aspects, we’ve talked about the 500 ounces of silver in every Tomahawk cruise missile and all the missiles like it, the high-tech aerospace and whatnot.
SilverWars.org has done a great job of documenting how much silver is used in the military, yet it is not part of the supply-demand numbers. So take a step back. Who owns all of the military contractors? Well, that’s BlackRock.
They own almost all of them. And by the way, what’s BlackRock now the custodian of? Oh, that would be GLD and SLV with J.P. Morgan. And they’re also involved in PHYS and PSLV major shareholders and other gold and silver ETFs.
So they’re able to easily suppress the price so they can build their high-tech weapons. Then they can blow up places like the Ukraine. And then who gets all the reconstruction contracts? That’s right, it’s BlackRock.
So BlackRock is involved in not only destroying these countries, making the weapons to destroy it, and then rebuilding it. This is why they have kept silver so cheap. But that only works when the rest of the world is not wise to you.
And now you have countries that are wise to what we are doing. And that’s why you see the exchanges being bled dry right now. Now, again, let me just say one more thing about what happened the other day.
I just want to make this kind of ingrained in people’s head. In one day, record, this is a record on COMEX, 11,692. Let’s even see if our calculator does it.
11,692 times 5,000 is 1, 2, 3. That’s 58,460,000 ounces of silver stood for delivery in one day. So who the hell’s got that kind of bread? Who’s buying that? Who’s taking it for delivery? So understand that if silver was just a piece of shit that no one wanted, and it was an archaic and a relic of the past, and it just doesn’t go anywhere, well, let me ask you a question. Why would someone in one day stand for 58,460,000 ounces of silver? Think about this.
Price is the greatest tool of misdirection. Yes, I do see, unfortunately, an incoming real estate crash. I do because… Yeah, I mean, you have to.
It’s propping up community values. They have fractionalized it so that they can print more money. It’s got to correct.
Right. And, I mean, I guess if they were somehow able to engineer interest rates down to nothing, but if they did that, who’s going to take our treasuries? I mean, this is why they’re caught, right? You can’t push interest rates down to zero when you’re as indebted as we are in running these massive deficits every year. You can’t.
And that’s the problem. You have everyone who’s holding their home who might want to leave, but you have most of the people who own homes refinanced at 3% or 4%. Now, with interest rates on the 30-year approaching 7% or higher, you can’t do it.
The cost of money is over twice what it was. Interest rates started going up. People started refinancing.
They went ahead and circled their wagons to sit still. We’re seeing this throughout short-term blips in the real estate market, just like we had short-term blips in the trade deficit because threats of tears were coming. Everybody rushed, bought a bunch of stuff before the tear.
So we’ve got all these lagging financial indicators going on, and the housing industry is definitely lagging because of it. Right. Absolutely.
It hits harder is what I’m getting at. When Dee Rambo says, that’s why I never invested in silver and gold because of BlackRock, I’d rather invest in an American mining company. Well, what do you think you’re doing by doing that? In fact, if you don’t think that they’re screwing with the mining companies, I’ve got a bridge to sell you.
The mining companies have lagged tremendously. Why would they want to keep the mining companies down? Because that would then get the people in Wall Street would notice it, and they’d start buying mining shares, which in and of itself would start to push the price higher. The mining shares have been suppressed every bit as much or more so than the physical gold market has.
And look at the short positions on these mining companies. So I do think that mining shares, this is the time to own it. I do think they’re catching a bid.
Yeah, they have been so manipulated of late that when that backlash, that yo-yo, that rubber band effect is. There you go, Benny Hills just said exactly what I’m trying to say. But it is the time to own them, if ever there were.
And pyramid, right? The base of your pyramid is your paid-for real estate, your gold and silver, your cash. Assets, assets in your possession, assets. The rich are rich because they have assets.
Assets feed you, liabilities eat you. The middle portion of your pyramid, six-month treasuries, paying 4%, 5%. Utility stocks paying a dividend in the top 10%.
Well, that’s your speculative stuff, your mining shares, your cryptocurrency, anything that you want to swing for the fences on. You lose everything on the top 10%, make nothing on the middle 20% or 30%. The base of your pyramid sustains you and keeps you from going backwards.
But it is worth a swing at the fences on mining shares right now. And if it were me, I’d stay away from the juniors. I’d stay away from the exploration.
I would only buy the royalty companies like Royal Gold, like Freeport Mac. No, not Freeport, that’s Copper. Like Franco-Nevada.
Franco-Nevada, Royal Gold, Silver Wheaton, these are royalty companies. And then I’d buy the majors, Newmont, Barrick, these kind of big stocks. When you start to see Wall Street jump onto them, which they haven’t because they’ve been suppressed along with the price of gold.
See, people doing this, they may be diabolical, but they’re not dumb. And they know how to suppress a market. But remember, you can only suppress a market for an extended period of time or manipulate it by pushing in the direction that it is going.
So why is my property tax massively going up? Because your government needs the money. And all it does is create a spiral. They keep trying to get more blood out of a rock, and then the rocks start crumbling.
Look throughout history. This is a tale as old as time. Right.
And so, yeah, your property taxes are going up because your government says that that’s what your property is valued at. Can you sell it at that price? Maybe you could have a year or two ago, but can you now? That’s the question. There are more houses on the market now than just about ever before.
So I don’t know why they’re massively going up where you are. But, you know, inflation, asset prices, this is the whole reason that the elite, the people pulling the strings, don’t mind inflation. Because while everyone else gets poorer, they get richer as their asset prices go higher.
And, you know, the people closest to the money supply benefit disproportionately because they’re the ones that are able to quickly buy assets. By the time the money filters down to the public, it’s highly inflated or lost a lot of its purchasing power. The people who get it and can buy assets before that happens benefit as asset prices rise higher in an inflationary environment.
Just one second. Just need to reply back to my operation. Sorry about that.
So what about John? I don’t know who that is. I don’t know on that one. Not one I’ve heard of either.
Yeah. Are you joining for whiskey and wisdom tonight, Andy? I had a couple of people asking important questions. You know, tonight is a very, it’s a somber night for Andy.
It is one filled with reflection and fear. A little bit of joy and happiness, but a great deal of reflection and scared shitlessness. That is, my youngest daughter becomes 18 today.
Oh, dear Jesus. Yeah. And we’re taking her to dinner now.
My youngest daughter is probably the person, at least in terms of her behavior that is most like me, which frightens me even more. Somehow I’m still here. Somehow I got away with everything.
I should be dead four times over. I worry about her. But I doubt I can be there tonight because I am going to have to be a good father and take her out to dinner tonight.
No, no, that’s definitely a priority. I would like to be here. I’m sorry, Kukles.
I know. Sometimes I just have to get it out. And to my moderators, if it’s offensive, don’t join when Andy’s on.
I’m sorry. I know a lot of people. In fact, you know, I should learn my lesson.
I gave a speech a year ago or two in Vegas. I thought it was the best speech I ever gave. And I had no idea that they were going to put it on YouTube.
I thought it was just me talking to the audience. It was where I saw you in Vegas. Yeah, I was there.
I heard it. And I swore. And I got a guy that called me.
And he said, you know, he’s an older fellow, and he says, you know, Andy, I was going to spend an awful lot of money, but my wife won’t let me do it because she was very upset that you used profanity. And I sent her a heartfelt email. I’m sorry.
I never did the business with the guy, so I should learn my lesson. But, you know, sometimes in order to convey your emotion and how you really feel, I just think it comes out. See, I get it.
And for me, I don’t understand. I totally understand that people don’t like curse words. I get it.
But that that is more offensive than what the world and these leaders and bankers have done to you, I don’t understand that. I’m like, it’s the rage of the common man that’s been abused over and over and over. And if hearing that word is more offensive to you than the way they have bent you over and screwed you to the wall and your children and your family and your friends, I think you got some internal reflection to do.
Not to try to do better and not curse, but. I think about, you know, I mean, I hope people can tell, if nothing else, that I’m authentic because I think about the things that I say out loud. You know, for the last, especially during the previous administration where, you know, I would get people say, you need to be careful, Andy.
And, you know, you’re too many people know about you and this and that. And you got to be very careful what you’re saying against who. And, you know, I mean, it bothers me that I have three kids going out into the world right now that are doing so in this environment or at least over the last four years.
And that’s why, you know, that’s why I don’t know. I mean, it’s why I do what I do. Sometimes I ask myself, why do you do this? Why do you go on YouTube where, you know, millions of people can watch you and say things that are anti-establishment? I try to be as respectful as I can and frame it in the respect of being a true patriot, someone who benefited disproportionately from living in this country and the opportunities it gave me and my family.
And I outwork people. Kevin would tell you that. No one works harder than I do and always have and always will.
But to see the, you know, the destruction that has been created and to move away, the worst part was moving away from meritocracy to lifestyle, especially because my parents were hippies. I understand lifestyle. I mean, I got a bottle of tequila sitting right here, a little baby mini bottle of 1942.
I understand lifestyle, but at the same time, you know, I just think these things had to be addressed and have to be said. And everything that I say on your show, I believe in my soul. I think it’s never been more important for people to own gold and silver.
And if I didn’t own a precious metals company, I would say that. And I try and show you the why, not the what, the why. And, you know, I get emotional about it.
So anyways, what else can we talk about? Reading some of these. A lot of people have strong opinions on it. And all I can say is if it offends you, don’t join us.
We will do our best, but we are human. I will do my best to not do it anymore. I’ll try hard.
But at least the information I’m trying to give you is, you know, it’s, I think, legit and it’s starting to accelerate. And I think between now and the end of the year, things are going to get really, really interesting. Maybe even between now and July, I would expect to see gold and silver by the end of this year.
If I were going to guess where you’d see gold, I’d say you’ll see gold $4,000 or higher by the end of the year. And I think you’ll see silver 50 to $60 or higher. Now I’ve never say that stuff.
And that’s not why you buy gold and silver. You don’t buy it to get wealthy. You buy it because it is wealth.
And the biggest money in the world is showing you that. Thank you. Thank you, Penny.
I appreciate it. I agree. At some point, we need to know holds.
I mean, too many people have been holding for too long. And then it comes out as eruptions. We’ve got to quit holding back.
Well, that, you know, but it’s like, Mark, how many people, you know, it’s like, no one says this stuff, not even in private. No one says it. And, you know, that’s why I respect you.
And, you know, I don’t know. There are very many of us trying to be the Paul Revere of our generation. And it’s tough being the Paul Revere.
Everybody’s shooting at you because everybody else is afraid to stand up. So you’re the one target. Yeah, man.
So what else? What else you got on tap? Let’s see if I got anything else here. Let me see. What else do you have today? I mean, how many more podcasts have you got to get through before you’re allowed to go to dinner? I only have one more today.
My buddy Jean-Claude had to cancel. And I have one tonight, which I have to cancel. And he’s not going to be happy with me.
I bet my wife didn’t even do that. Oh, man, he’s not going to be happy. I’m supposed to do one at eight o’clock tonight.
And that would be yours. But that ain’t going to happen either. Not yours.
That’s not going to happen. Remember, we got the Big Bricks meeting in July. There’s another thing to be talking about.
I think I covered all of it, man. No, I think considering all the global events, what we’re watching, I mean, the possible effects of Pakistan and India, I mean, there’s so much going on. There’s so much going on right now.
Yeah, nothing says a $40 smash in gold like a hot war between two nuclear powers. And it’s interesting, because I do believe Pakistan is one of the countries that wants to join the Bricks. Oh, wait a minute.
Where did I do that? Where did you go, Mark? Yeah, right? Let me see if I can fix this one. I don’t know where my screen went. I just wanted to touch on some of those prices right now and some of just the craziness we’re seeing in the fluctuations.
Remember, if anyone wants info on gold, send us an email at info at milesfranklin. Mark Z sent me. You’ll get our price list.
That’s far better than what you see on our website. Yeah, considerably better. And you get to work with a person.
And you get to know your order actually worked and went through. No, the world of podcasting is not easy, Dwayne. It is not at all.
No, it’s tough. No, I think you get to relax for a short bit. No, you’ll have to work.
I will have to work. I’m going to try, actually, I would really, Kevin, I’d really like to go golf with you today if we can. Today I might be able to go play a little bit, which would be great.
I think that’s all I got. I’m willing to take any questions if there are any more. I love the unexpected free time.
It seems somehow more special. Yes, it is by far. It’s like finding a $20 bill in your pocket.
It’s like playing hooky. I was really good at that back in high school. I was really, really, really good at playing hooky.
We had an open campus in high school too. It’s like you go out for lunch and say, let’s not go back. That was great.
High school in the 80s was great. I don’t know. I could argue I reached my peak then, but maybe not.
Yes, maybe not. All right. Let’s call it a wrap.
Mark, I need a friend. Don’t go. It’s okay.
Just come on. I’m very bummed I didn’t get to see you while you were here. Speaking of which, there may be another event coming second or third week of June in Tennessee.
I’m supposed to invite you to, but. Well, if they can give me some, let me look and see real quick. Let’s see.
But I’ll get you dates in the next couple of days and see if it’s a possibility for you. So in June, second week, third week. Second week, I’m open.
Third week, I’m in New York City. So if it’s the second week, I could probably do it. I’ll see what I can figure out and I will touch base with you.
And I’ll let everybody else know too. All right. That would be great.
I would love to see you and the boys. I appreciate you, Mark, very much, man. Here’s somebody.
Have you ever listened to Salty Cracker? No, I have no idea who Salty Cracker is. Oh, I’ve got to send you some of his stuff. No, he has no problem saying what everybody is thinking, at least.
Right on. Well, that’s the kind of person I’d rather be friends with. Who wants to associate with people who are fake to your face, right? I mean, what good is that? I’d rather know where I stand with someone right away, like Kukla.
She tells you when I’m not here. Yes, she doesn’t mess around, she’ll tell you. No, no.
But I do. I know I say it all the time, but people don’t say it enough. I appreciate you very much.
I respect you very much. I appreciate you for letting me say these things, and I enjoy our friendship. Nothing I wouldn’t do for you or your family, and I try and do the same thing for your listeners.
So thanks for letting me be a part of what you’re doing. And when this reset happens, however it plays out, I can tell you, Mike, I’ll be working 24-7. I’ll be the first one to give you the credit for it.
One of the things I love having you on here for is, we may not agree how it’s going to look when it happens, but we agree. I mean, the fundamentals are just, they’re screaming at you, there’s a reset inbound. Yeah, man, there is.
And there aren’t many people like you that have the courage to say it. And, you know, the old saying, the markets can stay irrational longer than people can stay solvent. So it’s, to me.
War of survival. The probability of there being a reset grows with the day and with President Trump. How it all plays out, I guess we’ll see.
But I love riding shotgun with you and calling it play-by-play, and I thank you for that. Well, no, I appreciate it. We drove today and I got to ride shotgun.
I’m not going to be able to. As much as I’d like to drink this with you tonight, this isn’t whiskey, but it’s tequila. I think I’m going to have to say no, but hopefully next week.
All right. Sounds good. God bless.
Take care, Andy. See you, bro. There will be a whiskey and wisdom seven o’clock.
Hopefully this evening will give us as much news as last night. Last night was more news than yesterday day, which was awfully nice. All right, folks, take care.
See you this evening.
