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Sept. 28, 2023 - Stew Peters Show
43:05
Scriptures And Wallstreet: BRICS is Failing Hard
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Thank you.
Hey, guys.
I hope you're doing well.
I want to have a discussion today on BRICS. There's a lot of things going on that you need to know about why the BRICS will not work.
I'm here to tell you in my opinion, the BRICS won't work.
Before I do, let me say my legal disclosure.
I am a licensed financial advisor.
If you would like investment advice, please give us a call at 813-448-3446 and we can give you investment advice.
However, everything that is discussed in this podcast today is only for educational and informational purposes only.
If you would like a consultation, you can simply just reach us at 813-448-3446 or simply email us at info at CortezWM.com or visit our website at CortezWM.com.
Anyways, I appreciate you guys watching our podcast.
We're getting a lot of emails, a lot of phone calls, and people are just waking up to the fact that their advisor doesn't even know what they're doing.
Typically, your advisor will have you in red money, will have you in a stock market, will have you in all these things without no seatbelt.
Look, guys, I'm not saying the stock market is bad.
I'm just saying you need some seatbelts.
What does that mean?
Well, technical management allows you to invest in the markets and Have the ability to make money if the market is manipulated on upside.
Also, has ability for liquidity.
When you buy precious metals, it's very hard to send all your metals back to your gold dealer.
When you have dollars in a bank account, They are limiting how much you can actually take out through the large cash withdrawal provision that we've discussed so much in detail in previous podcasts several months ago.
But now the calls are coming in and they're all the same questions.
Carlos, I bought a gold IRA because I was afraid of what the banks are going to do.
I bought a gold depository because I was afraid of what the banks are going to do.
Carlos, what happens when a dollar crashes?
Several clients called me.
What happens when a dollar crashes?
We're going to talk about that.
More importantly, I want you to understand...
That Brazil, Russia, India, and China, mainly China, is going through a cataclysmic economical meltdown.
The new construction has halted.
The consumer confidence is at an all-time low.
Their citizens over there of the CCP do not have confidence in their own country.
They're not building.
Everything's at a halt.
Evergrande cannot even afford their payments.
They went belly up, which is the biggest real estate developer in all of China.
As you guys know, they are building like crazy over there.
Basically, you're welcome, China, because China Joe has literally opened up the floodgates for them.
So the only thing that China has right now is their Beltline Incentive Roadmap.
And the reason why I say that BRICS are going to fail is because China is in shambles.
They have no way of getting out of here.
Even if they started printing money and giving money, like Thailand, to their citizens in a digital wallet, may I add, it's not enough to get them out of this recession-slash-depression that they're headed into right now.
It's all over the news, and what's interesting, it's not in the news here.
So, why are we not talking about that?
We're so distracted on Jerome Powell and the Feds and alien invasions and other things, but we're not talking about China?
We're not talking about BRICS? Brazil, Russia, India, and China, South Africa?
By the way, Brazil does not want to get in a hissy fit with the United States.
They're actually being smart.
India...
Is already saying we want out.
We want out.
India is not even a part of the Chinese road belt line incentive.
They're not even in part of it.
And that is why there's so much tension between India and China.
They don't get along.
Their prime ministers and their presidents do not get along.
There's a power struggle there.
And what's crazy is India and China, if you take those two out, that makes up 90% of the power in the BRICS union.
You can't have BRICS without India and China.
They're the two biggest populations in the world.
Population doesn't typically mean the biggest GDP, even though they do have the biggest GDP out of all the BRICS nations.
So what are they doing?
They're adding and adding and adding and adding all these auxiliary countries that are nowhere on the map when it comes to Brazil, Russia, and China.
So I wanted to just say that India is pulling out of the BRICS. That's huge.
And more importantly, no one talks about the Quad Court.
The Quad Court is comprised of USA, India, Australia, and Japan.
So you got four corners, four countries that are...
Their sole purpose is to get together the U.S., I'm sorry.
The U.S., India, Japan, and Australia.
So four countries.
Yes, I was right.
U.S., India, Japan, and Australia.
You got four countries.
That are coming together just to keep China in check.
Just to make sure they're not abusing the Euro-Pacific or the Indo-Indonesian waters.
If you look at the CSI Banking Index, the Chinese Bank Index, it's being manipulated.
It completely is manipulated.
So China is going through a balance sheet recession.
And particularly concentrated in their properties.
So you have a commercial crisis, a commercial real estate crisis over there, as well as a real estate crisis over there.
I don't know how they're going to get out of it.
Maybe they manipulate their ways like they always do.
They manipulate their currency so they can have cheap labor, but their exports are extremely down.
So we have...
Russia at war getting their ass kicked by Ukraine.
You have India that wants to pull out.
You have China that is in shambles.
What are we doing here?
By the way, BRICS is not even an organization.
They're just a forum.
They just have a common interest.
Well, at least it was a common interest.
To create their own currency.
Oh, and by the way, there's something called the NDB, the New Development Bank.
So this bank, this international bank, basically created by the BRICS, was there to emphasize and start up their own currency.
And this is where all the hysteria came from, is that The U.S. dollar is in bed with the IMF, the World Bank, and the OECD. It's led by the U.S. dollar.
So anytime they make financial decisions, it's got to be in dollars, baby.
So they know they can't get construction loans.
They cannot do anything because everything is written in a dollar.
Everything is still circulated in a dollar.
So that's why this NDB bank is created by the BRICS so they can create their own currency and they can pretty much disassociate themselves with the de-dollarization of the Eastern Hemisphere.
Well, it's blowing up in their face because Brazil's like, hey, I don't want nothing to do with this, man.
Like, we like the U.S. dollar.
India is our ally.
India is in the court with us, as well as Japan and Australia.
India, Japan, and Australia.
They are in a court with us to protect our economies.
So you can't...
India cannot be in bricks and still be with the union that is here to keep China in check.
It's not going to work out, guys.
The BRX is not going to work out.
So be very careful of the fear out there.
There's gold companies saying BRX is going to take out the U.S. dollar and go buy in the same breath they're telling you to buy gold.
Be careful.
I... Don't want...
I mean, this podcast is about truth, man.
Like, we don't want to...
We want to speak the truth.
We want to help you.
We want to give you our opinion, right?
We don't want a fear-monger.
And so, which leads to my next question.
Yielding these phone calls, this is what I'm getting.
And I've been getting this for two years.
And I'm not laughing at you.
I'm not laughing at you.
I'm not...
I'm not even judging you.
I'm just sharing out of love because I want to bring light into the darkness.
So some of the questions that we get is, what happens when a dollar crashes, Carlos?
First question.
First question.
We talk about ABCs, yellow money, the difference between green money and red money and where you're at.
First thing I ask a client, what is it you like or dislike about your current situation?
First question.
If you've ever spoken to me, this has always been my first question to you.
And I shut up and I listen.
I got big ears.
I can listen very well.
And they always say, when the dollar crashes...
When a dollar crashes, what should we do with our banks?
Well, wow.
That's a loaded question.
And so I want to just have a conversation.
Maybe you're sitting on the other side of this screen.
Maybe you're on your laptop, your phone.
Maybe you're streaming on your TV. And you too have that question.
And you're searching and searching all over the internet.
What happens when a dollar crash?
What bank should I invest in?
I mean, it's just non-stop.
And we have this mindset of fear.
We have this mindset of, holy cow, this is really controlling me.
It's keeping me up at night.
Guys, don't do that.
Don't let the spirit of fear overtake you.
2 Timothy 1.7 For I have not given you the spirit of fear, but of love, power, and sound mind.
If you're constantly reading and being fearful, if you look up any type of books on behavioral finance, that's exactly what it's talking about.
So we want to make sure that we're not acting in an irrational, illogical, behavioral, financial way.
Because that's when people make some serious mistakes.
I'm not saying that I have all the answers.
I'm not saying that you gotta even go with me and call me.
I'm just saying that let's chill out.
Jesus was a king of peace, right?
So we need to have peace in our mindset.
We need to have peace in what we're doing.
So, let's answer those questions.
What happens if a dollar crashes?
Great question.
I always ask the clients, like...
So, if the dollar crashes, what are you going to do?
What do you envision that you're going to do?
And I let them speak.
A lot of them say, well...
I'm hoping that my gold is going to go up in value, my precious metals.
I said, okay, I own precious metals too.
And my take back is, where's your contract on your precious metals?
Like, what contract?
Well, you know, you have a contract on your home.
You have a contract on insurance on your car.
You have a contract on your life, your health.
You have a contract on pretty much everything.
Everything is covered these days.
And we're invested in the stock market.
Where's your contract?
Well, there's no contract in the stock market.
But if a financial company fails, your broker fails, you do have the SIPC, which will qualify you to $500,000 in securities.
So, kind of like the banks have FDIC, which I don't even trust, the SPIC is that to the securities world if your broker goes belly up.
It doesn't cover stock losses.
It covers insolvency losses from your broker-dealer bank or your investment bank of some sort.
So plan B, I always say, dollar crash is okay.
And maybe we go a digital dollar.
Maybe there's Bitcoin.
I don't know.
Maybe there's another currency.
We don't know.
That is going to populate.
It's biblical.
But what is your plan B? Are you going to move to China?
Are you going to go to Mexico?
Canada?
Please tell me where you are going to go.
The dollar crashes.
Where are you going to go?
I want to know.
Are we going into tents?
Are we going into learning how to be locksmiths in survival mode?
Are we literally going that route as a country?
I know LA is, because I ran by a communist on joke's side, but there's no other choice, guys.
We have to hold our line.
I'm not leaving this country.
Are you freaking kidding me?
What other country is better than America?
So why this...
When the banks fail, Carlos, where are we going to put our money?
If the banks fail, if the dollar crashes, honey baby doll, there is bigger problems than money.
There is bigger problems than money.
So I question, are you speculating?
Do you trust your precious metals or your bank account more than God's Word?
Do you not believe in America?
Have you turned your back on America?
God hasn't.
I feel like He's about to, but He hasn't.
And He has it on you.
So, we gotta shape up, man, and have some common sense.
Yes, I don't like the president.
Yes, I understand.
The banks can fail, and you're right.
You should get a credit union.
I totally agree.
And you shouldn't have more than 6 to 12 months in your bank account.
Maybe you do buy some precious metals.
I'm not saying there's nothing wrong with it.
I just don't want you overpaying for it.
That's why I say call my friends at Cornerstone, 888-747-3309.
Again, 888-747-3309.
Give them a call.
Let them know I sent you.
They will not overcharge you like most of every single precious metal dealer out there.
They will not overcharge you.
And they're good friends of mine, too.
So reach out to them if you are wanting run for the hills money.
I really consider precious metals run for the hills money.
The financial system crashes.
There's a flash crash.
There's a blockchain reset.
There's an electronic Trojan horse, a cyber attack, whatever.
And you need to get out of Dodge and run for the hills?
Shoot.
You got money right there that you can liquidate at any pawn shop at any place.
You can barter with it.
It is portable in that aspect.
But it's run for the hills money.
You can't generate an income from it.
And most of retirees need a monthly paycheck.
So tell me how you're going to get dividends from your gold.
If you're hoping to liquidate it every single month to take from your principal because the dollar is going to crash and gold is going to go up, that is highly risky, highly speculative, and your retirement will be a moving target.
That is not wise, guys.
It's not wise.
Now, I'm not saying you shouldn't buy precious metals.
All I'm saying, it is not an investment.
It is just run-for-the-hills emergency money.
Whatever it is, five years from now, that's what it is.
If it's up, down, or sideways, you have to be comfortable with that.
It's also unlimited losses and unlimited gains.
It's also traded by the Chicago Board of Exchange.
And we all know who owns the Chicago Board of Exchange.
Market makers, traders are manipulating at prices all the time.
Do not buy into these crazy stories of these financial serpents that want to sell you on a Donald Trump coin or a Martha, not Martha, Mother Teresa coin.
It all gets melted in the same pot for the same price.
So what happens when the dollar crashes?
There is no plan B, guys.
For me, at least, there's no plan B. I'm not going to Mexico.
I'm not going to Canada.
I'm staying right here.
Tampa Bay, Florida.
Posted up.
American flag bandana.
My Gatson flag.
I'm standing my ground.
I'm staying with castle doctrine.
I believe in the principles of this country.
I believe in our economy, even though the driver right now is a Luciferian puppet, I believe that the men and women died for our country because they believe in the greater good of our country.
Do not give up on America, guys.
The BRICS country is not going to do anything to us.
I see no reason why we should be worried about the BRICS When they have to go through the IMF, they have to go through the World Bank.
Joe Biden himself wants $25 billion pumped into the World Bank.
So the other question is, I bought a gold IRA. Okay?
Or, I'm sorry, there's two more questions.
What should I do with the money in the bank and I bought a gold IRA? Well, let me ask the gold IRA questions.
The reason why you probably bought a gold IRA is somewhere along the lines you heard about the dollar crashing.
And you heard that the CBDC is going to take your retirement.
If that's you, then give us a call at 813-448-3446 or visit us at CortezWM.com.
We want to make sure that you are educated.
We may have to uneducate you or tell you some facts, but the facts of the matter is they've been saying the dollars are going to crash for 40 years.
It's been going up, guys.
It's been going up.
Now, I'm not saying that the dollar can't devalue.
From a trade standpoint, it's been going up.
I will also say that if you bought a gold IRA, you are hoping the dollar is going down, that inflation is going up.
You are hoping that even with all of that, your precious metals IRA is going to go up.
What happened last year, guys?
The dollar was up.
The market crashed.
The bond market went down.
We were down The bond market was down heavily.
Never in the history of the United States has been that bad.
The bond market is the safest market of all time from a volatility standpoint.
And we had a massive, massive correction last year.
28% of the bond market was.
Bitcoin was down.
So was the money in your checking account with inflation.
Everything was down.
So the banks are not...
It's crazy.
I would never even imagine my wildest dreams to say that the banks are no longer safe.
The banks are no longer safe.
As long as we're in a rising interest rate environment, the banks are no longer safe.
So we bought some gold in our IRA. What to do?
Well, I would open up your contract.
You probably signed one on DocuSign.
And I would ask, how much does it cost to sell my gold IRA? Because you're going to have to sell out of it one day.
You can't draw income from it unless you're pulling from it.
You're going to have to sell and raise what?
US dollar.
So, this is what I go back to.
What if the dollar crashes Carlos?
Yes.
There's going to be bigger issues than money.
We're going to be living in tents.
We're all going to learn how to do some locksmith work.
We are in survival mode.
I don't think we're going to get there.
But more importantly, I think we're going to go towards a digital dollar.
I've said that.
And I'm committed to teach you guys some information on the art of decentralization.
Hyper digitization is what we're in right now.
Everything is converting from reality into digital.
From every aspect of our lives.
Every aspect of our lives.
I mean, the way we communicate is digital.
The way we're going to spend money is digital.
The way we read our mail is digital.
Our news is digital.
We are no longer in cable mode.
We're streaming right now, which is digital.
Everything goes to the cloud.
Through blockchains, through artificial intelligence, everything's going to be digital, guys.
There's no way we're going to go to a precious metal type of economy.
We're too far down the road.
So what does that mean for you?
Is our younger people that watch this.
I'm talking about 30, 40 year olds.
You need to understand what the blockchain is because moving forward, you're going to want to learn about decentralization.
You see Coinbase, Crypto.com, Exodus, all of these exchanges are centralized exchanges.
The government It has a radar on them.
They know how much money you put in and how much money you owe out.
But what is popular is decentralization because the government has no access to it.
You can store your digital assets on these ledgers and move them through liquidity pools, make some serious yield I'm talking at least 30 to 50% a year on a conservative level just by providing liquidity to the decentralization markets.
I'm going to be teaching all this stuff soon.
It's not anything I make money on.
It's not nothing I can do for you.
I just want you guys to have content.
I want you to understand where the industry is going.
You can pretty much do everything on a decentralization network other than pay your bills.
So there's also passive investment opportunity.
It is literally changing the game one household at a time.
People are not going to work anymore because they're just providing liquidity to the markets and making more money than a portfolio of vending machines or ATM machines with little to no work.
So the digital dollar crashes.
Plan B. What is plan B? You move to another country, right?
Or you stay here, you tend it up, you survival mode.
You figure that out.
Do you really want that?
Now, the other thing I wanted to say is, what about the money in the banks?
The money in the banks, to me, is more riskier than the stock market right now.
As they're rising interest rates, they say they're going to rise interest rates.
Powell said he's going to rise interest rates one more time before 2023 ends.
And then he said the rates are going to stay this high all the way up to 26.
This is not good news, man.
This is really not good news.
So, I want to share a personal story.
And this is obviously an opinion.
You guys know I've been sued multiple times through this Bitcoin scandal.
I recommended a Bitcoin fund in 2020 that went haywire.
The money manager stole everybody's money.
I was on a hook for it.
I was made out to be some Bernie Madoff guy.
And there was a few clients that paid in BTC. Well, they ended up suing...
Obviously, I can't talk about certain confidentialities, but what ended up happening is not the judge, but the mediator said, look, guys, we're in a court system here.
We're going into a court system, and this one particular client wanted BTC. He wanted Bitcoin.
He invested Bitcoin.
He lost Bitcoin.
The guy stole everything.
The mediator was like, we are in a U.S. court system.
There is going to be settlement.
And that settlement is not BTC. It's not Bitcoin.
So, what I'm getting at is there's only two reasons you go to court.
If there's a contract involved or a disagreement of some sort, or you committed a crime.
There's only two results you can get out of court.
You're either going to pay the time or you're going to pay a fine of some sort.
Those are the two options coming out of court.
You pay the time for the crime or you settle with the dollar amount.
Those are the two options.
When you get sued...
When you get sued and you're on the other end of that, whatever is in circulation is what it is.
So if the dollar is going to crash, the reason why I'm asking that is, do you think the court system will ever go away?
Do you honestly believe that the court justice system will go away?
If that's the case, And you have an insurance contract on your money.
You are in a better position to defend and recollect your money with interest than someone that has precious metals.
Someone that has money in the stock market.
Someone that has money in the bank.
You have a legal bonding contract.
And as long as there's a court system, it doesn't matter what the currency is.
That contract says my principal's what?
Guaranteed by the insurance company.
And insurance, it's equal or greater value.
When Hurricane Irma comes and blows your house or Maria or Idalia or whatever hurricane, you're hoping that they replace your home with what?
Equal or greater value.
So when you have insurance on your money, such as a PIA, a private insured account, You have insurance on your money from financial resets, from acts of God, from all these other things.
But Carlos, what if the dollar fails?
Did you not just hear what I said?
You have a contract, man.
I would rather you have that if the dollar fails.
Because there's a court system.
And whatever is in currency at that time, whatever is in circulation, that's what you're going to get for equal or greater value.
That's common sense.
That's not speculation, by the way.
So, I just wanted to let you know That it's important to have insurance on your money, guys.
PIAs, private insured accounts.
There's different ones.
There's tax-free ones.
There's taxable ones.
IRA ones.
Inherited IRA ones.
There's different types.
But the government doesn't have access to it.
You can grow your principal.
You can access 10% a year.
You can double your money within 5-7 years without market risk.
And you can have the ability to have a lifetime income.
There are some that are oriented for income and there are some that are oriented for growth.
When you call us or book an online appointment so that we can virtually call you, we're going to Have a suitability call.
Make sure it's right for you.
We're going to go through our ABC process with you.
We're going to ask you some basic questions to see if it's suitable for you.
And I honestly don't believe you should have more than 6 to 12 months at a bank right now.
These banks are not safe, man, with rising interest rates.
Banks have $400 billion collectively that are maturing this year within 4 to 5 more months.
All these corporations are going to have to refi at higher interest rates or walk away from their property, which is going to flood the commercial property markets with new inventory.
And what happens when you have a lot of inventory?
Prices go down.
You can't afford new homes or new commercial property because interest rates are high.
Now we have a liquidity issue sprinkled with a commercial crisis.
Commercial loan crisis, I would say.
Commercial property crisis.
Going to be bad.
I would want you guys in an account where it's privately held, it's insured, and it's guaranteed.
And your money is principle protected and growing, by the way.
So give us a call if you're interested in that.
If that's what you want to do, 813-448-3446.
We're very passionate about this.
And I've been studying on really what's going on for a long time, guys.
And I will promise that I will bring you the truth.
I will not fear monger.
Even if I don't earn business from it, I am going to bring you the truth.
Because that's what this podcast is about.
Romans 12, 1-2-2 And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable perfect will of God.
I gotta read that again.
Do not be conformed by this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
We can't conform.
They're going to come after us, man.
They're going to persecute us financially, medically.
You cannot comply.
You cannot comply.
Be careful with Be careful with the facial recognition software.
Be careful watching your hands while you're waving on anything.
The biometrics, be careful because they can sync your identity with the palm of your hand.
It's going to be like a social security number.
Your palm reading, once they enact this social credit score, We are definitely paying close attention to that because that's what they want to do.
They want to track, trace, and control you.
It's not a secret.
So, we really want to help as many people as we can.
Like I said, give us a call at 813-448-3446 or visit us at CortezWM.com Also, if you have a 401k, And you're stuck at work, or you like your work, and you really just need help.
You can't roll it over.
If you don't believe me, contact your 401k provider and ask them.
Mr.
Prudential, Mr.
Empower Network, Mr.
Fidelity, I would like to do an in-service withdrawal and roll my money into a third-party IRA. Well, Mr.
Client, I'm sorry.
As long as you're still employed...
You cannot, despite your age, you cannot roll it over.
We're getting these calls almost every day.
Clients are over 60 years old, over the 59 and a half roll, and they still can't roll it over.
It used to be at 59 and a half you can roll it over.
Now they're getting more communistic with the money, and you cannot roll it over.
Until 401khelpusa.com.
Go ahead and visit it right now.
You can make an appointment.
So the program in a 10-second nutshell is that we're going to screen those mutual funds for you inside your 401k.
You are a participant.
You don't have the ability to roll it out anyway.
But we are able to give you advice for a nominal fee.
You hire us to give you advice on your 401k.
We're going to babysit it throughout your career of this job.
And when you retire...
We will be able to protect that money with guarantees.
But for now, let us just help you, give you advice on it.
Yeah, we charge a 1% advisory fee.
Big deal.
You're paying a whole lot more than that in a 401k.
And no one's calling you.
We're going to keep you on a quarterly calendar call.
We're going to schedule all of our calls throughout the whole year so that your presence...
And that way you have confidence going into your retirement.
We're going to teach you a strategy on how much to contribute and how much not to contribute.
It is not just advice in your 401k.
It is what to do with the money.
Because when you put money in a 401k, you're actually setting yourself up for a tax bomb.
You would have to pay ordinary income taxes at a higher tax bracket when you're older.
So if you're younger and you're saving into a 401k...
You better stop and think about what you're doing.
Because you're building a huge nest egg, not just for you, but the IRS. And they would love to take 50% of that.
That is not BS. So go to 401khelpusa.com If you want some advice on your 401k, we can give you plenty of advice.
Just go to 401khelpusa.com More importantly, if you are just completely lost and you need help with the whole financial picture, We ask that you go to CortezWM.com.
You can also get a free guide at AmericaFirstRetirementPlan.com.
You can schedule an appointment on all sites.
We are here to help.
And you doing business with us, some of the revenues go to Scriptures on Wall Street to keep this up and running so that we can continue speaking the truth when it comes to your money and your retirement.
I'm your host, Carlos Cortez.
I appreciate you liking and subscribing.
Either on YouTube, either you're here on my Twitter or on the Rumble channel with Stu Peters.
We love all you guys and thank you for your support.
God bless.
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