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Oct. 31, 2023 - Health Ranger - Mike Adams
55:26
Andy Schectman and Mike Adams talk GOLD, BRICS and global blowback...
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All right, welcome everybody.
Mike Adams here coming to you live today on Brighteon.tv.
I've got a special guest coming up, Andy Sheckman from Miles Franklin.
As you know, we had originally scheduled a fundraising telethon for today.
We delayed that because of the crisis in the Middle East.
Effectively, you know, we kind of need a solution for all of humanity right now.
Otherwise, we're going to go over the cliff into some very bad territory.
Some of what Andy Schachman is going to be covering with us today.
My special guest is the economic consequences of all of this.
And I just want to thank you for all your support over all these years, supporting our network and supporting brighttown.tv, brighttownradio.com, healthrangerstore.com.
We couldn't do this without you.
And I do want you to know that no matter what you are about to hear, that we are philosophically dedicated to protecting human life.
And that we value all human lives of all ethnicities, of all skin colors, of all even orientations, everything all across the world.
We don't want to see one more child killed.
We don't want to see any more bloodshed.
We want peace.
But we live in a world where the powers that be want war.
And because they are in control, sadly, and maybe we can do something about that with elections, but because they are in control, they're going to bring us to war.
And so we have to understand the economic consequences, the consequences to the dollar, to your savings accounts, your pensions, to your lifestyle.
Everything that you're used to as an American or wherever you're watching from is about to be put in real jeopardy because of the events that are taking place.
And so I'm proud to be able to bring you this This platform, with the help of all the people there in the studio who are making this happen, and Bob Denny, and Bob Sisson, and so many others, and Alan Keyes, we're very proud to be able to bring you this platform where we can have uncensored discussions about all of this in real time as events are unfolding.
So with that said, allow me to bring in my guest today, Andy Sheckman, who is the CEO of Miles Franklin, the website milesfranklin.com.
Andy Sheckman is the man who has the best analysis of de-dollarization around the world.
He's been on that for years.
He was right again and again and again.
He was the first to be talking about the BRICS nations and their plan to dethrone the dollar, and that is accelerating every day now.
Welcome, Andy Sheckman, to the show today.
Thank you for joining me.
Great to be here.
I appreciate it, Mike.
Thanks for having me.
Hopefully I don't get kicked out of this room that I'm in.
I got up at three in the morning and did some traveling this afternoon, and I'm in a hotel and found a meeting room that was unoccupied, so excuse the informality, but I'm glad to be here and wouldn't miss it whenever there's an opportunity.
Well, I begged you to come on today, so thank you for making time in your schedule.
Even though I knew you were traveling, World events are happening at such a rapid pace.
If you get kicked out of the room, find another room.
We'll just reconnect you.
Don't worry about it.
Sounds good.
Or tell them you can't kick me out.
We're trying to save the world.
We're on live, right to you on TV. So let's start with a couple of facts just in the last 24 hours.
Wall Street Journal reporting that the United States and Israel have jointly decided to delay Israel's full-scale ground assault on Gaza so that the U.S. military can position anti-air defense systems and get them up and running, which may take about another week.
This tells me that the U.S. is anticipating very profound escalations of rocket attacks from Hezbollah in particular, and possibly ballistic missiles, medium-range missiles from Iran.
It also means that the US and Israel are anticipating that they are absolutely planning to go into Gaza.
And as you know, Andy, once they do that, it sets off a chain reaction of world events.
So let me hand it to you now.
What do you think?
What are the dominoes that begin to fall once this gets ignited?
Right.
Well, you know, it's a scary thought.
I think that the conflict could very quickly escalate into a regional war, as you're Alluding to, and with the United States becoming directly involved, I think that that is a high probability, unfortunately.
You have many of these countries that are the OPEC nations that are directly opposed to the United States and Israeli agenda, and the possibility, I would think, of them responding with some sort of an oil embargo becomes I think rather probable.
I think you see Iran and their naval fleet do all they can to halt the passage of safe passage of tankers through the Straits of Hormuz.
It is the choke point for nearly 20% of the world's oil.
I think you'll see a spike in energy prices.
And obviously, when we talk about energy going higher, you know, anything that we do, It has a component of energy in it, from touching, you know, surfing the internet, to mining, to farming, to anything you do, driving a car, there's energy involved.
And so as the price of energy goes higher, we can anticipate much higher inflation.
I think we could also anticipate central banks responding accordingly, which Then creates the domino effect that we've talked about in various forms the last few times we've been together.
The financial markets and the banking sector react inversely to escalating interest rates, and it's a doom loop.
Much of this is a doom loop, in particular with the banks.
The petrodollar trade collapses.
Hyperinflation emerges.
There's your Operation Sandman moment.
And this is not, I think, hyperbole.
There's a high percentage that something along these lines or a form of this type of reaction happens, as far as I'm concerned.
And what's extraordinary is that even right now, today, we're seeing a lot of escalations.
Yemen calling for an energy embargo, for example, and Erdogan out of Turkey saying that he is willing to dedicate Turkish military forces to Kinetically engage Israel if Israel does not stop the bombing of Gaza.
And I understand you have some background noise there because you're in a hotel room.
Don't worry about it.
Our audience understands.
But we are seeing escalation talk now that is about to translate into reality.
It's not just going to stay at talk.
Everything is about to go kinetic in the region.
And Israel itself is going to be under severe attack.
It's quite clear by now.
And the US, as we know, has long wanted to escalate this to attack Iran.
But is it possible that the US and Israel are miscalculating the capabilities of the Arab nations that surround Israel, who have engaged in a lot of development?
For example, Iran has hypersonic missiles.
And they can also receive other missiles from Russia and so on.
But are the Western allies then potentially miscalculating how bad this is going to be and how vulnerable they might be, in your opinion?
Absolutely.
I think there's always the possibility of miscalculation.
And when you're talking about this current administration and the way they seem to do things, starting with the You retreat out of Afghanistan in 2021, I wouldn't put any type of miscalculation by them.
This is something that could turn very dirty very quickly.
And, you know, when you talk about the fact that in the span of the last year, Iran has joined not only the BRICS nations, But also the Shanghai Cooperation Organization, which is the largest regional military and financial organization on the planet.
I highlight the word military, and I haven't seen anyone talk about the SCO getting involved in this or any of the BRICS nations.
But I guess what I'm simply trying to say is that, especially as it pertains to the majority of the OPEC countries being involved with BRICS and or the Belt Road Initiative, I think this is something that not only could become It's something that we could have easily miscalculated in terms of the impact of aggression and war,
but also in terms of the financial impact and the economic impact, which could get very, very dangerous very quickly in the respect that if all of these OPEC countries, this could be the moment where they say, listen, you know, our interests are not aligned anymore on many levels.
We're done taking dollars for oil, and at that moment, not only are you fighting two wars, but you're watching simultaneously a collapse of your economy, your dollar, your markets, interest rates spike.
It's that Operation Sandman moment.
It's the wrong time for the U.S. to have to go through something like that, and it could happen very easily.
Yeah, this is a really critical point that you're making.
Thank you for bringing it up, where because of the U.S. pressuring the SWIFT system to cut off Russia, From, you know, international dollar-denominated transactions and also effectively stealing Russia's $300 billion-plus in dollar-denominated assets in Western central banks.
It seems like a message was sent, you know, a year and a half ago to the world by the West.
Don't trust us.
Don't trust our banks.
Don't trust our dollar.
Don't trust our currency.
And in this moment in the Middle East where you see now everybody is picking a side.
And almost everybody in the Middle East is picking the side opposed to Israel, by the way, including Saudi Arabia, which was supposed to be an Israeli ally and a U.S. ally until recently.
It seems to indicate that these countries, they've probably reached a moment where they're fed up with dollar weaponization.
They're fed up with Western central banks.
They're fed up with the money printing.
And they see that sooner or later they're going to have to cut the cord.
And it's going to be painful to do so.
And it's going to be a bumpy ride for them even to switch over to something else.
But they have their foot in the water already.
Doing oil trades in rubles or rupees or the yuan, those things have been happening now for quite some time, well over a year.
And those are increasing.
And the usage of the euro is just collapsing in terms of international settlements.
So I agree with you, Andy.
I think that coming soon, I think all of these non-Western nations, i.e.
the BRICS nations, are going to say, maybe we weren't 100% ready, but this is the time to do it.
What do you think?
I think that's exactly right.
And let's use Iraq as an example of why these countries feel that way.
I mean, you've documented perfectly The weaponization of the world reserve currency.
That's a no-no.
When you control the world reserve currency, it's not your prerogative.
It shouldn't be anyway to weaponize a dollar at your will, especially a country like the United States, who these other countries around the globe view as being very hypocritical.
Now, why would I say that?
You know, we invaded Iraq in 2003, 20 years ago, under the guise of weapons of mass destruction.
We didn't find any.
Oops, we're sorry.
We destroyed your country.
We toppled the regime.
We supposedly put in a new regime, allegedly.
And let's take a look at what's happening there right now.
All of their oil revenue, last year, 2022, they made $90 billion in oil revenue.
And all of that money For whatever reason, has to be paid and sitting in a reserve account at the Federal Reserve in New York.
Just last month, Iraq said, hey, can we please have a billion of our $90 billion that we made in 2022?
And they said, no, no, you can't.
So when you talk about, you know, the Iraqi oil funds, which are our Being held by the New York Fed, where currently we are sanctioning 14 of the Iraqi banks for accusing them of trading in dollars with Iran for natural gas so they don't fry in the middle of the summer.
It's 110 degrees.
And all of this money that they make in selling oil, even 20 years later after supposedly we put in a sovereign government, We're still, they're still restrained or restricted from opening accounts for its oil earnings outside the U.S., and we won't even give them a billion dollars.
So when you talk about Iraq saying we're going to fully de-dollarize cash transactions by the end of the year, when you see that they're making it illegal for businesses to trade in dollars, this is the rallying cry.
And absolutely, I think I think a lot of the countries around the world not only are at their wits' ends in terms of the coercion and the bullying, but also in the mismanagement of our country inside and out.
And I wouldn't be surprised to see this happening.
Real quick.
Absolutely.
And it's also clear that a lot of these countries that have been buying U.S. Treasury debt, which is bolstering support for the dollar currency and allowing the Federal Reserve to print more dollars, Without causing hyperinflation, right?
The more debt they can sell, the more they can print, obviously.
But a lot of these countries are realizing, hey, why are we supporting what they see as a regime, the U.S. government regime, that is using our assets to help them print money to send more weapons to Israel and Ukraine and Taiwan, those are the three proxy nations, so that the U.S. can wage war with Russia, Iran, and China.
Right?
So it's like, and then Janet Yellen comes along and says, hey, we can afford a two-front war.
We can afford a three-front war.
Can I hear a four-front war?
Who's going to give me five-front war?
You know, and it's insane.
It's completely insane.
And the world is looking at that, saying, maybe we don't want to, number one, fund this, and also maybe we don't want to be owed money by these crazy countries, i.e.
the U.S., that just is going to print until it all goes to zero.
You think some of that's happening as well?
Oh yeah, 100%.
You got $123 billion dumped by the BRICS nation so far this year in treasuries, China being the leader of that pack at $118 billion.
But you got Brazil, you got India, you got the United Arab Emirates, and of course, Saudi Arabia, the lowest level of treasuries they've held in six years, and also the lowest amount of oil that they're sending us in six years.
So yes, sides are definitely being chosen 100%.
And that's exactly it, I think.
And you're right.
The point that you made about speeding things up, and I think they aren't ready to flip that switch yet.
They need a bigger group.
We have 27 countries that have expressed interest or formally applied to the BRICS, with another 22 that have informally applied.
You come back a year later with 30, 40, 50 countries in this nation or in this group, and you now have an incredibly formidable But as it is right now, just the BRICS 11, they're incredibly formidable.
30% of global GDP just in this emerging block, and the majority of all the oil being pumped across the globe, and on and on and on, all the commodities.
So yes, they are definitely going to challenge the dollar at some point, and this is the type of deal that could very quickly accelerate their agenda.
Alright, let's shift gears a little bit to gold and silver.
Now, just in case our audience is not familiar with you, you're the CEO of milesfranklin.com.
And even though you're dressed kind of casually today because of your travel, again, I appreciate you taking time out of your schedule to join us.
You actually help clients oversee literally hundreds of millions, if not billions of dollars in assets and many, many hundreds of millions of dollars in and out of silver and gold each year.
I'm curious about what you have seen change in that marketplace since October 7th when Hamas attacked Israel.
Give us just kind of an overview.
What are you hearing from customers?
What are you seeing in terms of changing trends?
Are more people calling?
We've definitely seen prices spike up.
Give us your assessment, please.
Yeah, you know, it's been a very somewhat of an eerily quiet time.
In fact, don't get me wrong.
The demand is still outrageous, but Not what I would expect it to be yet.
There is still this illusion, I guess, or this feeling in the United States that everything will always be okay and people have yet to really become concerned.
I think that will come.
I think that will come at the expense of a bank bail-in because there's so few people out there that understand that bank bail-ins were written into law.
And when Silicon Valley Bank and Signature Bank were bailed out, that was missed by the public that this was a one-off that, according to Janet, they were too systemic or to brought down the whole system.
The next bank that fails, I believe, will be bailed in, and that will wake people up far more than these conflicts that the United States seems to find themselves dragging into, no matter how horrendous they are.
This is something that we've just grown used to, unfortunately.
I don't think it's rattled the bushes quite yet.
The way that we would think.
I will say this to you, and without mentioning names, I spent an afternoon at one of the wealthiest families in the United States at their home two days ago.
They asked me to come through a financial advisor through a family office to come and meet them in person.
So there has certainly woken some very wealthy people up, no question about it.
They're top 15 wealthiest families in the United States.
I will tell you that that is something that is unusual to see that kind of wealth, to see that kind of interest by people who are bypassing their financial advisors, bypassing their family interests, and demanding that they get physical metal in their possession.
And I drove about nine hours round trip and spent a whole day with this family Specifically because they're terrified.
And I think that this is a situation where people, if you are not a contrarian, if you're not concerned, you're not paying attention because we are at a very, very dangerous place for the dollar right now.
When you say specifically because they're terrified, and I know, of course, you're going to protect their privacy and details, but what are people terrified of specifically right now?
I think they're afraid of the dollar.
They're afraid of the banking system.
They're afraid of the markets.
They're afraid of the instability.
I think that, you know, let's look at the bond market, for example.
A lot of these very wealthy families have very large bond positions.
And over the last three years, the bond portfolios that they have will, in retrospect, will be the worst performing bond market really in history.
Over the last three years, the 10-year Treasury is down 50%.
Yeah.
And increasing.
And so you're seeing, you know, these people are watching their wealth evaporate.
They're being told that the banks aren't safe.
They don't want to go into the stock market.
You take a look at how the stock market is performing and you take that magnificent seven, it represents 98% of the gains in the stock market.
So the broad market's not doing well.
Real estate is overvalued and rates are rising.
There's an awakening by people and yet not Well, I know that you educate a lot of people, but as you were talking there, I was thinking in my mind, you're saying that their wealth is evaporating, but you and I know that holding debt is not wealth because there's counterparty risk.
That's not wealth.
Gold is wealth.
Silver is wealth.
Everything else is a proxy that has a counterparty risk.
Well, except there's certain types of crypto self-custody that doesn't have counterparty risk.
But I'm talking about in more traditional assets, gold and silver are real wealth.
Treasuries, well, you have to rely on the government to pay you back, a government that's bankrupt.
And by the way, did you see Standard& Poor's just downgraded Israel's credit rating to negative?
No, I did not see that.
I did not see that.
But by the same token...
You know, so few people understand the balance sheet of the U.S. government.
And we are broke.
We are right at that Rubicon of 130% debt to GDP. You go back through history, there's never been a country that's crossed that line that hasn't defaulted in one form or another.
And everyone, you know, knows, okay, we have a $33 trillion debt.
People don't understand how big that is.
A trillion seconds ago was 30 To 31,688 years ago.
And when you talk, that's a trillion seconds.
And when you talk about $33 trillion debt, You're excluding Medicare, Medicaid, Social Security, and government military pensions, which are another $130 trillion of unfunded liabilities.
So we are $155 trillion in debt by the government's own admission with a $5 trillion asset base, the largest asset of the United States government being student debt.
It represents 40 plus percent of our asset base.
You pull that out, we have $3.5 trillion in assets, mostly military and land.
Backing $155 trillion in debt, we're broke, we're insolvent.
And so our balance sheet is in a horrible position, and most people, they don't get that.
They don't realize that.
They think everything will be okay.
It couldn't happen here.
All right.
Now, I want to ask how people can contact you, but also I want to put a disclaimer up front.
This is not a paid interview.
You know, you're not paying me.
We don't have that kind of relationship.
I have you on as a guest, as an expert, but I always give you the courtesy to plug your business.
So how can people reach you if they want to work with you?
I appreciate that, Mike.
I do very much.
In fact, I like talking about these events even more than talking about buying gold and silver.
But I appreciate that.
We've been in business for a long time.
It'll be 34 years this February.
We've never had a customer complaint.
You can go to our website.
It's still...
As you know, it's been a horror of horrors for us.
And in terms of getting it fully operational with the tax software, we're almost there.
And our mutual friend is certainly involved in helping me through this quagmire of internet craziness.
But the best way to reach us would be to get your questions answered and to see a far more competitive price sheet than you'll find online.
We'd like to keep that close to the best.
info at milesfranklin.com info at milesfranklin.com and just say the health ranger sent me in the subject line any questions that you have if you want to be contacted or you just want to see the competitive price sheet and we will do that.
I think you'll be glad that you did but I appreciate you letting me say that.
Yeah yeah absolutely and because I know that you like talking to our people by the way because they're super well informed and you don't have to You know, educate them from ground zero.
But look, we're about to go to break here.
We'll be right back after this break with more from Andy Sheckman.
Stay with us here on Brighteon.tv.
All right, welcome back.
This is Mike Adams here with my special guest, Andy Sheckman, on Brighteon.tv live today.
This was going to be our special telethon fundraising event, but we postponed that because of the events in the Middle East.
So now we're in, well, crisis mode, all of us in our whole world.
We're trying to Thank you.
of world events.
Now, Andy, I want to shift gears in this segment.
Bloomberg recently put out an article, well, actually the result of research, saying that about $21 trillion in investment will be needed by the year 2050 in electrical infrastructure in order to shift us off of a fossil fuel-based saying that about $21 trillion in investment will be needed by the year 2050 in electrical infrastructure in order to shift us off of a fossil fuel-based And into what they call a net zero or really a zero carbon environment by 2050.
That's $21 trillion investment in electrical infrastructure required by countries that are themselves bankrupt, as you were just saying in the last segment.
Now, I want your opinion on this because this will also require nearly tripling copper mining to 13 million tons annually in order to build all the power transmission lines and so on.
And copper mining relies on equipment that mostly runs on diesel.
And diesel is a fossil fuel that's being shut down by all the Western countries that want to go to net zero.
So it's kind of like, aren't they cutting off their own legs and then wanting to run to the finish line?
It's crazy.
Of losing the relationship with Saudi Arabia.
We told them we're going green.
We signed an executive order that indeed we will be green 50% by 2030 and 80% by 2080.
You take a look at the rare earth metals, the majority of them are found, not to mention the electricity.
That's in and of itself.
That's crazy.
I mean, to pretend that you don't need fossil fuels to run the electrical plants is It's a fairy tale, but you take a look at also the rare earth metals that you need to be green.
The majority of them are found on the Eurasian continent.
You have the president of, his name is Wadudu, the president of, you know, come to me in a second.
I'm sorry, I'm on the spot.
It is, well, President Ndudu will come to me in a moment.
Anyways, he says, look, we need to make a OPEC-style cartel for the rare earth metals.
You take a look at the fact that China holds the majority of all the copper reserves on the planet.
So these things have not been thought out very well whatsoever.
At all!
There's no thought!
Yeah, and I think it's a fairy tale, to be honest with you.
So no, it's just more nonsense.
So on top of that, I mean, nickel is a big player in all of this, and of course aluminum.
Now, Russia was a major mining operation and exporter of aluminum.
And then, of course, the SWIFT system cuts off Russia from exporting everything, or nearly everything, which halts fertilizer exports, natural gas through Gazprom, the destruction of the Nord Stream pipelines, and then, of course, aluminum and many other minerals, not to mention energy.
But aluminum, in particular, is used in electrical lines and transmission lines.
It's like you have the Western countries, led by the U.S. in particular, that is waging siege warfare against itself.
Normally when you practice siege warfare, you cut off the enemy's supply of things.
The U.S. is cutting off the U.S. supply from other countries like Russia, and now the Middle East, oil, energy, that's coming, and then trade wars with China, What happens when China retaliates and says, ah, we're tired of exporting, you know, all these products to you?
All kinds of trade wars and telecom, you know, and intellectual property, microchips and so on.
So the U.S. is waging siege warfare against itself.
This cannot possibly end well, it seems.
What's your take?
I couldn't agree with you more.
You know, it's interesting.
We talk a lot about the gold and silver being drained off of the world's exchanges, both the The LDMA and the COMEX. I suppose we can mention the Shanghai Gold Exchange as well.
But one of the things that kind of was missed by a lot of people last year was the amount of aluminum and zinc.
You mentioned aluminum.
75% of all of the aluminum held on the London Metals Exchange was delivered last year.
90% of their zinc, gone.
It's not just the gold and silver that's being Delivered and taken possession of.
It's all of these important metals.
And when you take a look at this new group, the BRICS 11, as of January 1, 2024, when they're all together, you will see 46% of the world's population.
But to your point, you'll have 75% of the world's manganese, 50% of the global graphite, 28% of the world's nickel, 10% of the world's copper, a very large portion of the world's aluminum.
So you're talking about And lithium, too.
Yes, and all of the materials that you need to, whether it be to oil or natural gas or the rare earth metals, they're all found on, a majority of them are found in these BRICS countries.
And in fact, it's interesting because you had the, you know, the head of, what's his name, the head of South Africa, Amma Perosa, let me see if I can Pull up his name here.
I have it.
Yeah, I don't recall his name either.
He's the, well, I'll find it here real quick for you because it's important.
He came out and basically just said, look, well, I guess it's not that important, but he came out and said that, look, we are, he said, well, he said, Ramaphosa.
Anyways, he said the future for critical minerals in Africa is very bright and the era of giving away our raw materials is coming to an end.
Whether you're talking about rare earth metals, whether you're talking about natural gas, you've got Venezuela who wants to join.
Obviously, we're pushing back against the Western sanctions.
They hold the largest oil reserves in the world.
They already signed Argentina, who has the largest natural gas reserves in all of South America, plus they control the Straits of Magellan.
If you take a look at all of these countries that are joining, they are very, very, very rich in energy.
And these are the countries that are signing up first, the United Arab Emirates and Iran and Saudi Arabia, all of these countries that have all of the energy, whether it be the rare earth metals or whether it be the oil or whether it be the natural gas or the routes to To accumulate them, like bringing in Egypt.
They control the Straits of Hormuz.
And so you have a situation where the shipping lanes...
The Suez Canal.
I'm sorry, the Suez Canal.
Yes, pardon me.
You have the shipping lanes, you have all of the minerals, you have all of the metals, you have all of the commodities and the energy that are being controlled by these countries, and the West is going to find themselves on the wrong end of that Exactly.
And the West's response is very predictable.
They're going to print more money.
Or, I should say currency.
See, even I'm slipping up and using the term money inappropriately.
They're going to print currency.
So, you know how this goes.
Every shortage.
Oh, you know, we're running out of artillery.
Print more currency, right?
We're running out of copper.
Print more currency.
And there's this disconnect because you can't print copper.
You can't print aluminum or nickel or zinc because they are elements, right?
You have to actually find them somewhere.
You have to get them.
You have to extract them.
Or you have to recycle them or fly out to a meteorite and scrape them off the edge of the space rocks.
You got to get them from somewhere.
You can't make them yourself.
And yet we live in a world, the Western world, dominated by this idea that we can just print whatever we need and that that does not work.
I mean, think about this with Ukraine.
Printing all of this money and saying it's for weapons for Ukraine, but the actual delivery is gone in many areas.
And even Jeffrey Prather, who is also a host on this platform, I'm going to interview him later, he told me the other day in an interview that there are now National Guard bases across the continental United States that have zero ammunition remaining because it's all been sent to Ukraine, and now some of that's being diverted to Israel.
Talk to us, if you would, about this disconnect between reality, which is, you know, power lines, transmission lines, copper, weapons, oil, fossil fuels, hydrocarbons.
Those are real things.
You can touch them.
Some of them you can put them in your pocket.
But currency, it's vaporware.
And yet they think that's going to solve everything.
Your take on it?
Well, I think that's where they're making a very big mistake.
Of the realization that we have chosen a path of inflation that will ultimately lead to hyperinflation.
And you take a look at the currency and the bond market and why would anyone want to hold our currency which is being inflated away?
They have no choice.
Take everything else out of the equation.
How the heck do you just pay $130 trillion in unfunded liabilities?
Balance the budget today.
Forget about the wars.
How do you do it?
You either default or you print.
And then you throw into it two world wars.
You throw into it, or two wars, pardon me, and you throw into it the fact that we are selling or sending off all of our ammunition and putting ourselves behind the eight ball in such a massive way that the only way that we will get out of this is to print.
And you throw into it The fact that Japan and the fact that China and the fact that Saudi Arabia, they're all selling bonds.
And who's going to buy those bonds?
Who's going to continue to finance our ever-growing deficits?
I think the large portion of the world, we have exhausted the good graces of those creditors.
So at some point, rates have to rise.
They'll always be a buyer of our debt until there's not.
But the question is, at what rate?
How high do rates have to go to attract that debt?
Well, really, really excellent point because, you know, the higher the rates go, then the faster the hyperinflation blowout happens because the U.S. has to buy its own debt and just servicing the debt becomes more and more expensive.
I think even right now, servicing and paying the interest on the debt is costing the U.S. more than the entire military budget.
And that is about to just skyrocket.
Now, we're talking about compounding rapid inflation and And this always ends badly, unless you think the rules of mathematics have changed, and they have not.
But my question to you, Andy, is for those who are not aware of what's about to happen, you know, this conversation that we're having here today, most Americans are not aware of almost anything that we've said, but it's going to destroy them.
It's like there's a tidal wave coming, and they can't see the water.
They can't see the wave, or it's an invisible wave.
But it's still going to wipe them out on the beach.
What's coming for them will be so devastating that a wipeout of the value of the dollar, people will still have money in the bank.
It just won't be worth anything.
The pensions, the social security checks, the treasuries, and stocks on top of that.
How would you describe what you think is coming for the average oblivious person who is not up to speed on all of this?
Right now all of these countries before they issue a common settlement currency have agreed to use their local currencies trading amongst one another and this is a huge problem because these countries will reduce their dollar holdings and therefore and their bond purchases so refinancing the U.S. debt becomes a problem.
It leads to higher interest rates which in turn leads to higher inflation and further debasement of the dollar and really the point here is that What can't be sold to our foreign creditors has to be printed.
Inflation is coming.
But it will reach a point, I believe, and I've been very consistent about this for a couple of years now, where I believe that we will see the oil-producing countries say, we're not taking dollars anymore.
You look at OPEC. Every one of the countries is on the Belt Road Initiative.
Every one of them.
Take a look at the fact that You know, these are the countries, as you mentioned, that are not aligned with the US and or Israel.
And this could be the straw that breaks the camel's back, where they say, listen, you know, for 50 years, We've been taking just dollars for our oil sales.
We're not going to do that anymore.
In fact, and then reinvesting them in treasuries.
They've gotten creamed in their treasuries over the last three years and their dollar is being inflated away.
Why would they want to do that?
And this is why you're seeing this coalition of countries that are pushing together safety in numbers, but under a common goal, a common interest of breaking free from that And when they flip that switch, when the countries have aligned enough in every facet of making this a very formidable group, I think they'll say, listen, we're not taking dollars anymore.
And you have to understand that every single country on the planet has had to stockpile them for 50 years.
That tsunami of inflation will hit our shores.
And it creates a moment where Interest rates have to spike tremendously to compensate for that inflation, which then collapses the stocks, the bonds, the real estate, and the dollar.
It's the Klaus Schwab moment, but what I find most interesting, and the banks, in particular the banks, but what I find interesting about that and the banks, I don't know if I've mentioned this too, I may have, but Look, the top two economic advisors to this administration, one is Jared Bernstein and his whole thesis.
He has a degree in music from a college in New York and a master's degree in social work.
He is the lead economic advisor to the Biden administration whose whole thesis is to lose the dollar's world reserve status.
That is, the privilege we can no longer afford.
So you weaponize the dollar.
You tell Saudi Arabia, the linchpin of the hegemony, hey, we're going green.
We don't need you anymore.
But the number two, to your point, the number two is a modern monetary theorist, Lael Brainard.
She spent time at the Treasury.
She spent time at the Fed.
She ran Point on FedNow, which just came out.
Most people don't know what that is.
That is the Federal Reserve's version of Venmo and Zelle.
It will take the place of all checks within a year or less.
It's instant settlement backed by the Federal Reserve and she also is the one who worked with MIT in development of the central bank digital currency which was also fast-tracked by Biden's executive order and also put into play By the Bank of International Settlements, who said every country has to have one by 2025.
So if you think about it, you weaponize the dollar, you tell Saudi Arabia we don't need you anymore, we keep interest rates high enough and allow the money markets to invest in the overnight repo market, but then raise rates even higher by the Treasury sucking all the money out of the repo market so there's no liquidity in the system, the banks are being bled dry, the dollar is being usurped.
You couldn't draw it up any better if you wanted to collapse the system.
So the point I'm getting at is, is this intended?
And you know when I started feeling this way, Mike, is when they said inflation was Putin's fault.
No, it's not.
It's the fact that in four years we printed more money than at any time in history, and inflation 100% of the time is a monetary event.
It's increasing the money supply.
They're looking for a villain.
This allows them to blow up the system, reset it, come in with the new CBDC, and point to a villain.
They did it to us.
They did it to us, and people will believe it.
This, again, another critical point.
You're on fire today, Andy.
You're just nailing them out of the park here.
But this is critical.
Like, the only way they could cover up all the financial crimes that have been carried out by the Fed and the Treasury throughout many administrations, you know, from probably, I mean, you can go back since World War II, frankly, but especially since 1971 when Nixon took us off the gold standard.
I mean, that's when things really got out of hand.
Endless money printing at that point.
So this has been a long-building crime of mass theft from the American workers.
That's what this is, or the American savers, you could say also.
Workers and savers both.
And they need a scapegoat, like you said.
This is the crime of the century.
They're going to steal everybody's money or value by collapsing the currency Resetting it into a system that they control, central bank digital currencies, and they need a villain.
And right now, guess what?
They have a whole new villain.
It's Hamas!
And then it's going to be Iran, and then it's going to be Russia with Iran.
I mean, it's always going to be Russia, we know.
They're always going to blame Russia, Russia, Russia.
But now they've got even more villains to blame the terrorists, right?
So you can see this coming a mile away.
I can too.
Our audience can.
But again, the typical American people and European people, just everyday people, have no idea that the value of what they have in the bank is about to go toward zero.
And the psychological—I mean, you want to talk about terrorism.
That is financial terrorism.
And it's being plotted by our own government and our own central bank against us.
Would you agree with that?
I do.
And then look what all the people have been doing.
Who owns all the bonds?
As Russia sells them, China sells them, Japan sells them, Saudi.
Who's buying all the bonds?
It's the public.
The U.S. public is jumping headlong into the bond market as the rest of the world is selling it.
And when you talk about the unfunded liabilities of $130 trillion, who's it owed to?
Medicare, Medicaid, Social Security, government military pensions, it's owed to us.
The majority of the debt is owed to us.
If we want to lose the world reserve currency, we're doing a damn good job at incentivizing it, but if they blow up the system, They blow up the system where stocks and bonds and real estate are all inversely correlated to a massive spike in interest rates.
The dollar collapses.
Everything blows up.
Have no fear.
Lael Brainard is here with her modern monetary theory and her central bank digital currency.
Sign on the dotted line and you'll be made whole.
Take the CBDC, just like they wanted us to take the Take it, and you will be made whole.
And that is the point, and the people will fall for it.
Most people, even those who said, I will never take it, if they are confronted with a moment where they have, you know, they've lost everything.
And think about it.
Now you even have the ability to maybe even attempt to unite the country under a common villain, a common theme.
We're going to start over.
We're going to reign things in.
We're going to be More of a domestic-based country, and here we go with our new system.
But I think it's highly probable as far as I'm concerned because of the policies that continue to grow.
A practical question on that, however, let's suppose somebody has $100,000 in the bank.
The bank collapses, the reset happens, and they're given $100,000 digital dollars in the CBDC. Then they go to the grocery store to try to spend those $100,000 digital dollars.
You can't wave a magic wand, the government can't, and make those dollars the same value as the dollars that people lost.
You're going to go to the grocery store with those digital dollars, and that pound of hamburger, let's say, or that loaf of bread, is no longer $5, it's $50.
Because you can't change the laws of economics unless the government is going to come in with price controls, and you know what happens then.
Empty shelves, Venezuela, oh boy.
So people will very quickly realize they've been conned.
I mean, they're going to fall for it at first, but isn't it just right around the corner?
They're going to say, hey, wait a second.
I lost 90% of my purchasing power because you can't fix that gap.
You can't change the laws of economics.
What are your thoughts?
Well, you know, maybe I'm giving the West too much credit here, but, you know, Kristalina Georgieva, the head of the IMF, said any CBDC that's not pegged to something is just another fiat currency.
They also printed an article at the beginning of the year this year in the winter, and they said...
It was called gold as an international reserve, a barbarous relic no more?
They're acknowledging, I think, that gold's place as wealth.
I think they're also acknowledging that a CBDC that's not pegged to something will have no credibility.
And maybe this is their one chance where they will take a fractionalized amount.
So let's say 20% of every new digital dollar is pegged to gold that is held on a distributed ledger for everyone to see.
You don't have to make it redeemable if you have transparency, auditing, and a distributed ledger.
Now, maybe I'm giving them far much too credit, but it's the only way that it would work.
I mean, it's the only way it would work.
That's interesting, Andy.
No, you're right.
It is the only way it would work.
But number one, they're never going to go to a distributed ledger because they lose control.
They can't cheat the ledger.
So let me take the distributor.
Let's say a private permission-based blockchain system then.
So they would use it just to show immutability and veracity and allow people to see that.
And if you have it independently audited, I guess you have a shot at retaining credibility Short of that, I don't know how they would do it.
I think it would just end up collapsing the system.
You're right, that's another fiat currency.
Yeah, I think they won't run any kind of an honest accounting system, and I think ultimately nobody will trust them, because people will have already been ripped off once, and they're like, you know, fool me twice.
Shame on me, right?
But anyway, we only have a little over a minute left, so Andy, I want to give you a chance to plug your business again, milesfranklin.com, gold and silver, delivery, You know, in your hands.
Go ahead, Andy.
Give us a quick rundown.
Yeah, info at milesfranklin.com.
Info at milesfranklin.com is the best place to get your questions answered in a much more competitive price sheet.
We've done this for 34 years.
We've done $9 billion in sales without a customer complaint.
And it's a huge honor to be on your show, Mike.
I'm a big fan of what you're doing.
And so when your people call, I promise you we'll roll out the Rockstar treatment for them.
That'll be a promise for sure.
Yeah, I know you take care of our customers, and that's one of the reasons I really appreciate what you do.
And thank you for coming on today.
You've offered, as always, just exceptional analysis and a forewarning for people watching, a warning of what's coming.
So thank you so much, Andy Shekman.
It's been a pleasure speaking with you today.
Hope to come back soon, Mike.
You and everyone else out there stay well.
Again, thanks for having me.
Okay, you too.
Enjoy your visit, your travels.
That's Andy Sheckman there joining us from the road in a hotel business room.
But thank you for joining me today.
I'll be back at 6 p.m.
Eastern with Jeffrey Prather.
And we have other shows and guests coming up right here live throughout the day on Brighteon.tv.
So stay with us.
We'll be right back after this break.
Alright, I'm going to do something unusual for you today.
I've got here the Ranger Buckets from HealthRangerStore.com that so many people have invested in as a food supply.
This is certified organic, laboratory verified, but I'm going to actually go through and open these and show you What's in them today and show you our dedication to the kind of packaging, the kind of secure packaging, and the quantity of what you get in here.
This is just one of the, these are almonds in here, one of the types of packaging that we have.
I want you to notice how secure it is.
You know, you can, no, it's okay, sit.
I don't want my dog to get alerted by that.
But you've got different nuts and seeds in the package, and then if you take off this lid, there we go, you've got these kinds of hard bricks of vacuum packed with the aid of nitrogen in this very rigid, rugged, thick material that prevents oxygen from oxidizing these products.
So here we have black beans.
Here we have lima beans.
Here we have millet and rice.
Again, all certified organic, all laboratory verified.
We test them for heavy metals.
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We test them for microbiology to make sure that you're not getting E. coli, salmonella, yeast, or mold.
Here's red lentils, high protein, again, all certified organic.
And in this pail, it makes it virtually rodent-proof.
So more of the smaller packages here, these tend to be nuts and seeds, and some butter powder.
Now, the ingredients vary based on what's actually available right now from the world supply of food.
So you need to go to our website, healthrangerstore.com, to see what's actually in the buckets that are available right now.
It can vary.
But here's certified organic popcorn.
Here's red beans.
Here's quinoa.
Here's some more small red beans, pinto beans, and oh, that might be palm sugar and cacao powder.
It just depends.
It varies based on what we have available, so you'll have to go there and check it.
But look, this is what you get in a two-bucket set.
It's a huge number of servings.
It can feed...
A lot of people for an extended period of time, the actual statistics are on the website.
If you want to know how many calories and how many servings, it's all right there at healthrangerstore.com.
But folks, this is built for long-term storage.
This is no joke.
Between the buckets that are very rugged and roadworthy, You can take these on the road.
They can handle a certain amount of abuse.
And the sealed packages that keep out oxygen and prevent oxidation, this is serious long-term preparedness.
And then these can be used in hundreds of different recipes.
And you can add things, like if you have availability of butter or even lard, if you're into animal products, you can add those other ingredients to various meals and soup mixes using these base ingredients.
And then you can get your nutrition that way and you can make it through an extended period of societal failures, food shortages, famine, or even food inflation.
All of these food items are going to go up in price as time goes on here because of the collapsing value of the dollar.
And what that means is it's never going to be as affordable as it is right now.
Food prices aren't going down.
They're only going up.
But this is a tremendous amount of food.
And it's...
When you cook it, of course, it expands because these are dried formats.
So even here, as much as this is with the stacks and the pouches and everything, it looks like so much more when you actually cook it.
So again, look at the website, healthrangerstore.com, search for Ranger Buckets, and if you don't need this much food or you just want one of these items, you can get what are called Mega Buckets or Mini Buckets that focus on just one or two materials.
Alright, so here's an example of a mega bucket right here.
This one contains only hard red wheat that is certified organic and lab tested as are all our products.
But you can get these individual buckets that are dedicated to one item if you wish, if you just want more of one certain thing.
And we have these number 10 cans here, by the way, of different products.
This is a certified organic palm sugar, a low glycemic sweetener.
And here's a number 10 can of just macadamia nuts.
And even though these have plastic lids, they're sealed steel cans.
So they're completely rodent proof with very long shelf life.
They're very rugged and they're also easy to handle because of their size.
And again, we have all kinds of different food items, whether it's nuts, seeds, grains, legumes, all kinds of things, including whey protein, powdered milk, things like that, available right now at healthrangerstore.com.
If you're concerned at all about the availability of the food supply, then you absolutely want to check this out, because what we have is unmatched anywhere in the world.
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And our whole facility is, by the way, certified organic USDA audited and inspected annually, if not more often, including kosher certification for most of these items as well.
You can find all the details on our website.
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When you're looking for backup food supplies, this is your answer right here.
We've got it.
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And we're ready to deliver these products to you right now so that you can get prepared.
And, of course, every purchase helps support our network and our efforts here at brighteon.com.
So thank you for your support.
I'm Mike Adams, the Health Ranger.
And get prepared is all I can say for what's coming.
Thank you again for your support.
God bless you.
God bless America.
Take care.
A global reset is coming.
And that's why I've recorded a new nine-hour audiobook.
It's called The Global Reset Survival Guide.
You can download it for free by subscribing to the naturalnews.com email newsletter, which is also free.
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