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April 8, 2023 - Stew Peters Show
39:09
Scriptures And Wallstreet: Crashing Dollar And Your RETIREMENT
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Thank you.
Thank you.
To understand the hyperinflation of Zimbabwe, we first have to understand the country's history.
Zimbabwe is a country in Central Africa, home to some of the world's most beautiful scenery.
The Victoria Falls, which is the tallest waterfall in the world, sits at the border of Zimbabwe and Zambia.
Originally colonized by the British Empire, Zimbabwe finally achieved independence in the 1980s.
Throughout the 80s and early 90s, Zimbabwe was off to a good start and it looked like they were on a long path to prosperity.
The favorable climate made it an ideal place to grow crops such as wheat and tobacco, which they exported in large quantities.
Free from colonial restrictions, the private sector started to develop and the standard of living steadily rose for average people.
However, in the early 1990s, Zimbabwean President Robert Mugabe made some fateful policy errors which sowed the seeds for the country's eventual hyperinflation and economic collapse.
He implemented a land reform policy that expropriated the farmland of white farmers and gave them to native Zimbabwean residents.
The rationale of the policy was to return the land to its rightful owners.
During Zimbabwe's colonial period, British colonists took the land from the native people to create their own plantations.
Even after colonialism ended, much of the farmland was still controlled by the descendants of the white colonists.
However, the land reform had some severe unintended consequences.
The native farmers who took over the land often had little experience and lacked access to advanced farming equipment.
Furthermore, the land reallocation program was subject to rampant corruption.
Much of the land was given to political allies of Mugabe, even if they did not have the ability to properly farm it.
The results were catastrophic.
Without proper know-how, food production started to decline by double digits and there were frequent food shortages.
Tobacco production, which had been an important driver of exports, also suffered large declines.
With exports diminishing, the Zimbabwe dollar started to depreciate rapidly against foreign currencies, causing prices of imported goods to increase.
The decrease in food production and currency depreciation led to declining living standards for the people and frequent famines.
But despite these issues, the country was not yet experiencing hyperinflation.
This would only come later.
In 2001, the Second Congo War broke out, with rebel forces trying to unseat the existing government in the country.
The war was one of the most deadly the continent had ever seen, with more than 5 million deaths by the end.
Zimbabwean President Robert Mugabe was a political ally of the Congo government, so sent military forces to help them fight the rebels.
At the peak, he sent over 12,000 Zimbabwean troops to the Congo and invested heavily in state-of-the-art war equipment.
The Congo war was a bloody affair with intense guerrilla fighting and jungle warfare.
After two years of involvement, Mugabe gave up and ordered his forces to return home.
The war cost a lot of money, and the country's meager tax revenues were not nearly enough to fund it.
In order to pay soldiers' salaries and purchase equipment, Mugabe resorted to printing money.
This would be the start of the hyperinflation.
By 2001, inflation had crossed the triple-digit milestone, with consumer prices increasing 112%.
Retirees' savings were wiped out and the majority of the population was forced into abject destitution.
The inflation caused the Zimbabwe dollar to depreciate, making foreign goods extremely expensive.
This was a problem for Mugabe because he relied on foreign imports to buy military equipment and other essential goods for government operations.
Instead of reforming monetary policy to reduce inflation, Mugabe decided that to solve the problem, he would just print even more money.
Even if foreign import prices go up, the government can still always afford to buy them by printing the money.
The government continued to print money at a faster and faster pace.
By 2006, the rate of inflation was beginning to reach the point of absurdity with prices rising 1,281%.
When inflation becomes so high, it becomes difficult to make daily purchases.
Citizens had to carry bundles of cash worth millions of dollars just to make small purchases such as fruit and bread.
People's nominal wages were increasing as well, but not fast enough to keep up with the inflation.
You might receive a billion dollars for your weekly paycheck, but by the end of the week, prices had risen so much that the billion dollars now becomes almost worthless.
By the mid-2000s, hyperinflation had become a major problem.
With prices rising so fast, it became almost impossible to make any investments or long-term planning.
With the value of wages degrading so rapidly, working a job became a fool's errand and unemployment reached as high as 80%.
The economy barely ceased to operate, with people resorting to hunting and scavenging for food.
Mugabe saw the economic conditions of his country were unsustainable and knew something had to be done.
However, he refused to stop printing money.
With 80% unemployment, the country's tax revenues were almost non-existent.
The only way the government could fund its operations was by printing more money.
So he thought of a simple solution.
He just outlawed inflation.
It became illegal for a store or a food market to raise the prices of their goods.
He went as far as even sending some bakers to jail for four months for the crime of raising bread prices.
Obviously this policy was a complete disaster.
With stores unable to charge fair market prices, they had no way of making any profits.
They did not have the money to purchase goods to stock their shelves and there were widespread shortages of essential items.
Within a few months, the price-fixing policy became obviously unworkable, and Mugabe was forced to abandon it.
By 2008, inflation had increased so fast that it had to be measured in scientific notation.
The estimated inflation rate for 2008 was 2.315 times 10 to the 9th power.
Prices were sometimes increasing tenfold on a daily basis.
It had gotten to the point where the Zimbabwe dollar was basically a useless piece of paper.
To make calculations easier, the government started issuing notes with higher and higher denominations.
They started with million dollar notes.
When those became worthless, they moved to billion dollar notes.
And finally, they started issuing the infamous 100 trillion dollar note.
By 2008, the government was creating 170 trillion dollars every week.
They were printing money so fast that they would frequently run out of paper for new bills.
But the people had finally had enough.
They started paying for transactions with foreign currencies such as US dollars which were smuggled in.
People without access to foreign currencies resorted to old-style barter systems where they would trade livestock and clothing items with each other.
Mugabe's infinite money printing experiment had finally failed.
No matter how many hundred trillion dollar bills he printed, they could not buy him anything because nobody would accept them as payment anymore.
In 2009, Mugabe finally threw in the towel and stopped printing money.
The people were now allowed to use foreign currencies such as the US dollar or Chinese yuan to make transactions and pay taxes.
With the US dollar being the currency of transaction, people finally had the confidence to go back to work and start selling goods in markets.
With the newfound stability, the economy slowly started to recover.
In 2008, Zimbabwe's GDP per capita fell to a trough of $347 per year, or less than $1 per day.
After they abandoned their own currency and started using US dollars, the economy recovered rapidly, with GDP per capita quadrupling to almost $1,500.
Well that video sums a lot up, doesn't it?
Sound familiar?
I wanted just to talk about Zimbabwe, what we can learn about Zimbabwe.
It sounds very familiar what's going on in America right now.
Now we got a lot of calls this week from panic clients with just a lot of fear with the dollar crashing, their retirements, clients losing money to the bond market because of the hyperinflation.
There's a lot to be said to this.
So in this talk, I just wanted to kind of clear the air a little bit when it comes to the crashing dollar and your retirement.
So, if you saw the last episode, we spoke briefly about the Beltline Initiative that's going on connecting Russia and China and the BRICS. The Brazil, Russia, India, China, South Africa.
There's over 150 countries that literally want to join the BRICS. And as this BRIC Union starts to be established, they're trying to create their own currency they already have.
And it's going to affect the dollar.
My biggest concern right now, and like Ronald Reagan says, just take an inventory of what's really going on.
We have the derailments.
We have supply chain issues.
We have farmers getting out of the business.
We have crops just dying.
Cows going belly up.
50 million chickens being killed through poison.
We have Monsanto...
Literally destroying our soil so that we can have mRNA meats is now being a problem.
The list goes on.
On top we got inflation that is just out of control.
And the reason why I wanted to bring about Zimbabwe Is because Zimbabwe has experienced some severe, severe hyperinflation.
Now, if you show this chart with Zimbabwe, the inflation rates, it's incredible.
Like, literally from June of 1990 to July of 2008, they've had over two...
I mean, the mathematical portion is like...
I can't even read that.
It's 2.3 times 10 to the 9th power...
But in normal English, from 1988 to 2006, their inflation has been over 1,000%.
From 1987 to 1993, inflation was over 586%.
They had just come off war.
Obviously the 80's was a crash here and domestically.
So what happens is their currency got devalued.
And Mugabe was their president at their time.
And he wanted to politicize the whole situation.
So he kept on printing and printing money.
Very similar to what America is doing right now.
We're printing and printing money.
So when you print money, you actually devalue your dollar.
Or actually your dollar will continue to rise.
Short term.
But then it just comes crashing, crashing down.
And so as inflation rises, the prices of everything also rises.
So your dollar, you lose your purchasing power.
And we're seeing that right now with eggs being $9.
Organic milk is $8.
Diapers is now almost $50 a box.
Baby formula food, if you can find some.
Is a $38 canister?
Inflation is here, guys.
And what's worse is the stock market is violent right now.
Historically, over the past 100 years, you would need to put your money in the stock market to keep up with inflation.
But what if the stock market is rigged?
What if you don't believe in a stock market?
What if there is so much Robotic Illmatic trading that it's really not even suitable for a retiree.
Well here we are guys.
What do you do?
What do you do?
The US dollar continues to be manipulated through inflation.
We are in a recession and this is going to be a massive depression.
What I'm going to say, keep in mind, I am a financial advisor.
I'm securities licensed.
And this information is for educational purposes only.
This is not financial advice.
I see my little disclosure there.
So what do we do?
We know the dollar is crashing.
We know their bricks are getting together.
I have an IRA with half a million bucks.
I have money in the bank.
I have real estate.
I have pensions.
If that's you, then you may want to listen up for the next few minutes.
Talking about international problems, remember I've been saying for the past month that this inflation, the rigged election, the Trump court case, arraignment, it's all a distraction to take you away from the FedNow program, from the electronic program, from inflation.
Notice, no one's not really talking about inflation.
Meanwhile, inflation has continued to rise, and the Fed doesn't even know what they're doing.
Like, the Fed is absolutely crapping bricks right now, because A, I think they're too stupid to realize what's going on, or B, you know, Zoros has them in the palm of their hand, and they're funding them, or C, they don't care.
And I don't know which is worse, but...
However, they're crashing our economy by raising interest rates left and right.
And as they do that, our dollar will devalue.
And they keep on printing money and printing money and printing money.
So our dollar will devalue and prices will go up.
You lose your purchasing power.
Historically speaking, you would want to buy these suckers here.
These puppies.
And it's...
It really is an option.
It's an option that you can do.
It's part of our covenant process.
So part of our retirement is simple.
Our solution here at Cortez Wealth is we have a covenant process in case the dollar does crash.
Historically speaking, it's not guaranteed.
It is not guaranteed.
It's still red money.
The definition of red money, anything that goes up and down in value, we do like precious metals, particularly silver.
Silver right now is smoking hot this month.
Silver is in extreme high demand.
It goes in hand with the woke agenda.
They need silver to do solar panels and make lithium batteries and electronic cars and cell phones.
You need silver for pretty much everything.
It's industrial metal.
It's not a tier one currency.
Now gold is right now, as of April 7th of 2023, I'm recording this, Gold is over $2,007 an ounce as we speak right now.
It is skyrocketed in the past week or two.
The only problem with gold is, guys, is if we get into a martial law situation or a financial bank run situation, the government can call gold back.
It is a tier one currency.
It's considered a currency.
So, be very careful with that.
I would not hold gold at a bank or in a safe depository box.
I would not even do that.
I would not even hold it in a depository.
Now, silver is a little different.
Excuse me.
Silver is a little different because it is industrial metal.
But here's the thing.
If the dollar does crash, you see, you got to plan for all these scenarios.
Precious metals historically would do well.
And if you want precious metals, please reach out to Cornerstone.
Cornerstone Acid Metals are a Christian-based precious metals dealer.
You can get palladium.
You can get silver.
You can get gold.
Platinum.
You can get scriptures on your silver.
You can get bars like these.
You can get coins.
This is where I get all my stuff personally, guys.
Terry and Christine, amazing people.
They love the cross.
Speaking, this is Good Friday.
They love the cross.
They love God.
They're biblically savvy, and they do business right.
Contact them.
888-747-3309.
If you have any questions about...
Precious metals you bought from other institutions.
Give them a call.
Let them earn your business.
Let them beat the pricing that you're getting.
They will beat pretty much anyone's prices.
When you sell, they don't even charge $7 or $10 or $15 or whatever the other companies are overcharging.
None of that will happen.
So with these precious metal dealers, you have to understand when you buy into it, they charge anywhere from 15% to 25%.
It's ridiculous.
And then when you sell out, they're going to go ahead and charge you a 7% to 15% concession or commission, a sales charge, to sell out of it.
You want to get all this stuff in writing.
And if you don't understand it, then give Cornerstone, my friends over at Cornerstone, a call.
888-747-3309.
Let them know I sent to you.
And that will be an amazing allocation.
Now, you shouldn't put all your money in precious metals.
The other portion needs to be in insurance contracts.
When I mean insurance contracts, I'm talking about fixed index annuities, green money, safe money, tax-free cash value life insurance.
Why do I like this?
Because if we go back to Zimbabwe...
You know the only financial institutions standing over there are life insurance companies.
The government has no access to it because it's not in the government's possession.
So if it worked in Zimbabwe with literally over a thousand percent inflation, It will definitely work here in America with American blood-backed, America first companies.
Now we're very particular on who we do business with.
We have access to 90 different carriers.
We only want to do business with people that don't face masks, their employees, that don't mandate them, that didn't celebrate Juneteenth before it became a national holiday.
We want to do business with American companies, not just with financial dollars, but where we shop, where we spend our money.
What is their mission statement?
Have you ever asked Walmart or Target or Amazon, what is your mission statement?
But yet, we give them our money.
And I'm guilty of it.
So that's why I have SwitchMyProductsUSA.com as a sponsor of this show.
So that you too can shop American with companies that believe in what you believe in, that believe in God, country, and family, that don't want to put toxins in your Clorox cleaner or in your Glade air fresheners or in your detergents or in your hand soaps and your lotions or your oils that you use.
Get rid of that garbage, guys.
Go American.
So hard assets are going to be good in 2023.
Guys, I don't know what's going to happen.
I can only discern and put my financial advisor hat on and speak on the mic.
But we know a financial storm is coming.
All these countries that we've bullied since the past 50 years, they're getting sick of America.
And they're wanting to establish their own identity.
And their identity is against us.
Now we're still strong, even with stupid-faced Biden.
I really believe that God has us in his hands.
And I have a scripture.
I don't want to go into it just yet because I want to continue about the covenant process.
So we put a little bit into precious metals.
Now, if the dollar does crash, think about this, guys.
If the dollar does crash, we got bigger issues than money.
Like, I'm the last guy you're going to call.
There is other things that you need to be worrying about.
There's I mean, at that time, there's survival.
There's preparing.
Like, where are you going to get your food, your water, your basic necessities?
Bartering will be the thing to do.
Now, if you have precious metals, you can pretty much get anything you want.
But I would prefer that you would invest in other precious metals like ammo.
Like full metal jackets.
Because it will be all out war.
It would be like The Walking Dead.
I mean, it would just be Armageddon.
God, I hope that doesn't happen.
I hope Jesus comes before that ever happens.
A lot of things gotta happen.
A lot of things are currently happening behind the scenes that we don't know.
But how do we protect our retirement, Carlos, is the question.
That's the whole aim of this podcast.
Our covenant process.
We need to purchase precious metals.
Tangible.
In our home.
Have it in your gun safe.
Keep it in your cupboard.
In your closet.
Whatever.
You need a good anywhere from 20 to 30% of liquid assets into precious metals, silver particularly.
The other third we should have into some type of insurance contract that does not invest in a stock market that has a principal safe money guarantee.
That has ability to grow 5-10% annually.
That could double within 5-7 years, but is really not meant to be touched.
The downside about insurance contracts is you only have access to 10% a year typically.
And there's a time commitment.
Typically here in Florida and in your state, you'll have a five-year option, a ten-year option.
But during those years, you have a guarantee.
Should the financial dollar or the U.S. dollar crash, now you have insurance policy on your monies to go to any attorney, to go to any court system saying, look, this insurance company that's keeping it fixed literally guaranteed me my principal.
So when you settle in a court system and there's a change in fiat or we go to a gold-backed digital dollar or now the FedNow system, the FedNow token, whatever the currency is, now you have an insurance contract that literally will be recepted by the court system and you have to settle in that current circulation of equal or greater value.
This is why I like insurance contract law.
Now it's speculation if the dollar will crash, but we can take a very good inventory and where there's smoke, you guys know the saying.
Where there's smoke, there is freaking lots of fire.
So we want to prepare.
We want to prepare for this financial storm.
Purchase some precious metals.
Give us a call.
We'll give you a direct contact number to the owner.
So you can speak to the owner directly.
All my listeners, all my clients speak to the owner of Cornerstone.
Or if you just want to go above my head, then go ahead and call them directly.
888-747-3309.
I don't get paid to promote them.
But I do get a little bit of credit if you mention us.
Because the values saved, since they don't advertise and spend millions of dollars advertising, they pass those savings on to you.
And that's why they're able to beat prices more than the companies that do advertise in the truth movement space.
Give them a call.
Give us a call if you want safe money, insurance on your money, backed by A-rated companies that love this country, by the way.
During a pandemic, there was companies that I don't want to say, but they were like, oh yeah, Carlos, we're AAA, we're superior, we're this, we're that, we advertise in our Super Bowl.
And they were saying, your clients need us, and here's our card, and let us know when you drop your first recommendation.
We'll take you out to a nice steak dinner or courtside tickets to Orlando Magic.
I'm in Tampa, so I didn't feel like driving for an hour to see a woke sport anyway.
And these companies, they would roll up in my office, act as if I wanted to hear their pitch.
Act as if I was going to give them millions of dollars of my clients' assets when they have a woke agenda.
They're promoting the transsexuals of the world thinking that they're beautiful women.
There's beautiful women out right now.
Why don't we promote them?
There's men of honor that love God, that are four-dimensional men, that love God, that love their faith, that love their fitness, that love their wives, that love their family, and they're great at business.
Why can't we support them?
Because the media does not like the traditional God-fearing Christian patriots.
It's masculine toxicity, whatever garbage they say.
They want...
When you see black people on TV, even Hispanics, they want to dress them up as girls now.
They're wearing purses.
They're These are strong, cultured, historical men with huge testosterone levels that are like warrior mindsets, and now they're making them look like little pansies, like this Bud Light transgender person.
I don't even know its name, but now Nike is picking them up saying, oh, look at his sports bra.
It's disgusting, guys.
Like, God literally is a God of gracious, but man, does He have the ironclad that He could just destroy us in a heartbeat.
Sodom and Gomorrah, full effect.
And ever since Obama, this country has gone to crap.
Trump was a Band-Aid.
Trump was the only one that was stopping this Luciferian agenda attacking America.
So, my job here, guys, is to do the best I can to give you advice about your retirement.
I'm not a perfect fit for everyone.
I do make mistakes.
But I can help you prepare for the financial storm.
What that means is our covenant process, we have some precious metals.
We have insurance contracts on a good portion.
For many of you, it might be 50%.
For many of you, it might be up to 70%.
Whatever you want to guarantee, get out of the stock market and have an insurance contract law that bypasses probates.
And your K will only have an access 10% and it can double.
Right now we have programs that literally will make you 9.75% in your first year guaranteed.
So if you lost 30% we can get a third back.
Guaranteed.
It's not a security.
It is a promise from the insurance company.
There is a catch.
Obviously, the catch is a time commitment.
After that first year, you still have to be in that particular fixed account for X amount of years and you only have access to 10%.
But you're dealing business with insurance contract law and you have the ability to be protected by the strength of an insurance company.
An American insurance company that has been around for several hundred years.
These products have been around for almost a millennia.
They're from ancient Rome.
That's how old they are.
Now I would rather go with an account that has been tried and true that has been financially Tested through cyber attacks, through natural disasters, through World War I, World War II, and what's looked like and to be World War III. I want a company that has dollar for dollar or a good portion of my dollar in cash reserves.
I want a company that will bypass probate where Uncle Sam will not stick his hands in.
I want a company that stands by its word that honors God, country, and family.
If that's you, give us a call.
813-448-3446.
If that's what you're looking for, again, we're not a good fit for everybody, nor do we want to be.
But give us a call.
813-448-3446.
Or simply visit corteswm.com.
We have a whole webinar pre-recorded on this.
Go to americafirstretirementplan.com.
The link will be below on our company website to book an appointment.
Or if you want to watch our tax-free webinar to protect your retirement, just go to americafirstretirementplan.com.
The link will be below.
And obviously...
Shop American.
Quit going to Target and all those woke companies to buy your hand sanitizers and deodorants and candles.
Even breath mitts.
They even have these amazing breath mitts.
Everything America first.
God, country, and family.
I want you guys to start thinking different.
Our covenant process is just more than a covenant.
It is a way to protect God-fearing patriots from this luciferian agenda of bringing America down, for putting our dollar down, from all this ruckus that's going on.
My hope for this podcast is Is to give you the best truth possible when it comes to the approach in your retirement.
You need a solution.
You may have fear, uncertainty, and doubt.
And unfortunately, if you're worried about the money, you may need to check your heart.
You may need to check your heart.
Do you trust the dollar?
Or do you trust God's promises in His Word?
Speaking of which, I want to just read Psalms 46.
I typically just don't read a whole chapter.
But if you don't mind, if you listen this far, then I may have your attention.
But I really want to read this, so it'll only take me 45 seconds to do.
But Psalms 46, God is our refuge and strength, an ever-present help in trouble.
Therefore we will not fear through the earth give away and the mountains fall into the heart of the sea.
Though its waters may roar and foam and the mountains quake with their surging, there is a river whose streams make glad the city of God, the holy place where the Most High dwells.
God is within her.
She will not fail.
God will help her at break of day.
Nations are in uproar and kingdoms fail.
he lifts his voice The Lord Almighty is with us.
The God of Jacob is our fortress.
Come and see what the Lord has done, the desolations he has brought on the earth.
He makes wars cease to the ends of the earth.
He breaks the bow and shatters the spear.
He burns the shields with fire.
He says, be still and know that I am God.
I will be exalted among the nations.
I will be exalted in the earth.
The Lord Almighty is with us, and the God of Jacob is our fortress.
Dear God, I just pray, Lord, right now for all these listeners, that, Lord, that this word will penetrate them.
Lord, that I am just a vessel, and God, your Holy Spirit will be manifested through these internet lines.
And wherever they're at listening to this, I just pray, Lord, that they can just be still and know that you are God.
Lord, that this information will not just be about money, but Lord, let it check their hearts.
That anyone that is listening to this, that really doesn't have you in their heart, Lord, that they may ask you into their heart.
God, this podcast is not about making money, no matter what people say, or the tax I've gotten.
This podcast is to honor you, Lord.
In Jesus' name I pray, amen.
Anyways, folks, I just want you to know that I care about you, and I want you to realize that, yes, there is a financial storm.
Yes, I know the dollar is crashing, and it's not the time to panic.
God is still God.
Have faith.
He tells us not to fear so many times in a word.
I think it's over 200 times.
Someone told me it's 365 days or 365 times one per day for the year.
I think that's false, but I think it's over 200 times.
I just don't know the exact number.
Anyways, I really enjoyed doing this and I appreciate all the likes.
I hope this, more importantly, ministers to you that there is a way to defeat this crashing dollar.
There is a way.
Just give us a call.
We want to be spiritually yoked with you.
We want to help you and we want to help our God-fearing patriots.
That being said, God bless you guys.
And don't forget to go to Switch My Products USA. All the proceeds help with our podcast to keep it live, to keep it going.
The stuff's not cheap, guys.
So I told you I had to bring on sponsors.
We'll talk with you soon.
Have a great one.
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