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 [Music] [Music] I'm Charlotte McLoud with investing news.com and here today with me is Andy sheckman president of Miles Franklin thank you so much for being here great to have her great Charlotte this is becoming a habit it's great to see you again I think it's three four years in a row we've done it here yeah we're very consistent so always good to have this beginning of the year check in with you and yeah and because we're here at VC I'm going to borrow a little from the

agenda because I saw you have coming up it's a panel called will the bricks survive the Trump presidency so this is very timely as we speak literally on inauguration date I want to get your thoughts on on that topic briefly if you could yeah you know if we go back to the meeting in Russia just recently because on the this was their you know their annual meeting it was in South Africa last year in in Russia this year next year it's in or this coming year 2025 it'll be in Brazil but something happened there that

I think will crystallize and it's emblematic of trump as well we'll talk about that in a moment but let's just call what happened emblematic of the West and and the reasons that the bricks formed to begin with so they had something called embridge they had a meeting several months earlier in novag where um Delma russof the former president of Brazil and the head of the new development Bank came out and said we have agreed in principle The Bricks nations in a common settlement currency

called the unit it'll be 40% gold back it'll be traded over project embridge and and and to hear the head of the bricks new development Bank the former president of Brazil publicly say in principle we've agreed to this gold back settlement currency which is redeemable by Nation stes on demand was huge project mbridge is something I've talked about for over a year maybe two and it was a a development that is about four years long that was between China Hong Kong Thailand and the United Arab

Emirates and the Technologies primarily Chinese and it's operational Saudi Arabia became the fifth full-time participant in it late last year so now you have all of these countries and Saudi Arabia as a full-time participant on a crossborder payment system that the head of the bricks new development Bank said would trade a common settlement currency it's a big deal now what isn't talked about enough is that there was another player in all of this and this is the Bank of international settlements

and their Innovation Hub and that Innovation Hub was helping develop and integrate this into the Western system and it was always kind of telling when it was interesting when you would hear at their meeting that they the bricks didn't want to to upend the whole system they just wanted to make it more fair and to rewrite it like a new brettonwood system if you will that they had aspirations of of integrating with the IMF and the bis and integration with the UN and all of these things it was surprising to me and and I probably

should have paid closer attention to the fact that the bis is a western institution because here's the Espionage part of it all at the 12th hour after this this this this emage is operational and was in use uh the China had the first two test trades in late 2023 were digital uan cross border with the UAE for delivery of gold and oil worked it was operational and at the 12th hour the the operating director of the bis Augustus Carson's um comes out and he says we at the bis have have uh decided

that we can't be involved in any project with countries that are being sanctioned by the West so we're pulling out and pulling the plug on embridge now this is at the 12th hour a basically at their meeting in Russia it's as if the guy just realized after four years of working with the brics Nations that Russia was the iron bricks and to do it at that moment will crystallize their resolve now if we look at it with Trump he's saying 100% tariffs on any of these countries that further their intention

of a common currency now he didn't say common settlement currency but probably that's what he means but the point of it is simply this tariffs are used to protect manufacturing there's no Manufacturing that he's protecting this is a sanction masquerading as a tariff it's more of the same thing now I just simply think that if you wanted to really bring everything together it would be far better to extend an olive branch than to continue down the same uh stick route with with uh with with

sanctions call them tariffs they're not tariffs they're sanctions so I don't think it will change that much yes we may have better relations with these countries but the fact remains that the 10year treasury demand if you look over the past 25 years gold has doubled the 10-year treasury but the most important characteristic has no counterparty risk there's no there's no risk of sanctions and of confiscation and presidencies come and go and and and as you can see the the diametrically opposed um way perhaps

that we will deal with the world between the Biden Administration and the Trump Administration so I think these entities think in terms of decad and centuries whereas we think in terms of days weeks and and and much smaller increments so no this will not stop their drive to accumulate gold and to strive to lessen their dependence on the dollar which right now will be through trading local currencies and settling any excess in things like gold and they have something called bricks clear bricks Play Bricks pay and now the

bridge no longer Ambridge the bridge and it's continuing yeah really good to have you explain it cuz when when I when I saw the presentation title I was thinking no of course of course they're going to keep going but it makes total sense how you laid it out so so part of what as you've explained kicked off with the bricks are doing is this weaponization of the dollar that we solv with the Swift system and I'm wondering under Trump does that dollar weaponization continue to to such a

degree what do you see coming there well that's exactly what he's saying I mean that that's just it it's weaponizing the dollar through threats it's not tariffs it's sanctioning so yes think it does and that really to me is part of the problem you look at a currency that is in essence $200 trillion in debt Medicare Medicaid Social Security and government military pensions exceed 175 trillion in and of themselves in their off-balance sheet so or 200 trillion in debt we've weaponized and threatened

countries if they don't follow our agenda and yet we're trying to force people or countries to accept this currency and that's not right and that's not how the system ultimately works so yeah I do think it's a problem and I do think that is the you know the way that that the West is operated you saw what happened as well when you talk about energy the Petro dollar right and and United barab emerit joining bricks and and Saudi Arabia straddling more or less you know when there was the G7 meeting

just a few months ago it coincided with the bricks meeting in novag the one not the last meeting but the one before the last meeting where Delma came out and said this stuff the r the Saudi finance minister went to the bricks meeting and turned down the invitation to the G7 meeting their their allegiance seems to be leaning towards the bricks but you know look at the way the West operates Gaddafi said he wanted to sell oil for for uh Euro and and and Saddam uh said he wanted to sell oil for gold and you

saw what happened they're no longer with us and and this is what the West has done through coercion what the bricks represents is safety and numbers and I do think it's a trend that will continue because of this sanctioning because of this coercion and I'm not to you know I just think it's a trend that will continue and I don't think that that Trump for all of the good things he will do uh will will change course on trying to make sure that the dollar stays the world Reserve currency and what is your

your broad economic outlook for the US in 2025 I think we've got you know all this this optimism right now but we still have so many people who are feeling the effects of high inflation and it just feels like there's such a a contrast so what do you see coming I think the optimism is warranted on many levels I mean we lived in Bizarro world and that's the truth of it you know I mean my parents were hippies right I was a a kind of a jock but grew up in a house of or my older sister my parents

lifestyle is something I always respected I don't care what your lifestyle is still be my friend I don't care what you do who you do it with or what you put in your body that's your business but over the last four years replacing uh Merit and hard work and effort which I am a product of in every respect of My Life um with lifestyle really got to me along with the lawlessness and and and the open borders and and the questioning of the things that made the United States Special the the immigration system the electoral

system the judicial system all of these things were questioned and he will come in and hopefully change that very quickly that is where the optimism is but I think it's irrational to think that there won't be problems monetarily and fiscally and the house that he's being left is in really in disarray Doge just came out and said we'll be lucky to get one trillion in deductions over the next few years not to the first two uh months of this fiscal year which were November December I believe or October

November anyways the first two months of the fiscal calendar for the government the the treasury went into debt to a larger degree than any time in the history of this country and so the spending is accelerating as is the the involvement in the Ukraine the involvement in Syria so many of the things that Trump is trying to do um are being made difficult for him to achieve them let alone a house that you know we're creating Charlotte $100,000 worth of debt per second one two three four keep on going a trillion dollars every

hundred days that fiscal irresponsive responsibility even if they balance the budget today the Congressional budget office says by 2031 100% of income tax will go just to pay interest on the debt and mandatory entitlement programs which are off balance sheet so how does a country Remain the world superpower when everything like military is discretional and you have to borrow it there is a problem with thatt and if I were completely honest and thinking outside the box thinking what could happen I'm

not saying it's going to but I think first of all if you have't learned over the last four years to question everything you've learned nothing everything we were told largely was untrue to a one degree or another you must question everything what better person to bring in to oversee a reset than president Trump he's the master of the bankruptcy and reorganization and in doing an interview with Francis Hunt he speaks this way that you know he told me he thought Trump was selected Not

Elected that there are people pulling his strings in he was brought in specifically to usher in a new digital surveillance State now I'm not saying that this is what I believe but what I'm saying is that there's a lot under the surface that is being ignored and needs to be addressed and and he's being left a house in great disarray but I think we should all be optimistic that we get our culture back and that's part of what Francis was saying is that a lot of what we saw over the last four years was

allowed to happen and that he comes in overwhelmingly with with the sense of patriotism to fix all of this stuff and Usher in a surveillance day I said well what do you mean by that he said you watch they'll issue a digital ID under the guise of election Integrity he just came out and said we're going to issue the digital ID now if you look at who's behind the digital ID 2020 it's the Rockefeller Foundation it's the Gates Foundation and I forgot canva I think is the name it it's the big um vaccine

organization and the technology behind that ties in your passport your your health records eventually your financial records and all of your information in one ID I'm not saying that this is the case but what I'm just simply saying is I think we all need to be open-minded because the worst thing that we can do is trust that everything is going to be okay after last four years of insanity these people are still there pulling the strings and and I guess I'll leave the question because I don't I don't know

the answer and and I hope people don't get mad at me for saying it but the question and I said this at the in my presentation is Trump the Trojan Horse or is he riding on the Trojan Horse and and I guess we'll find out but from a standpoint I voted for him and I I'm thrilled he's here because I want my culture back but from a standpoint of of what it means in terms of issuing a central bank digital currency could it be tied to gold and silver like Judy Shelton and Scott bent the treasury

secretary it's his largest holding so maybe then he is riding on the Trojan Horse or if he goes the other direction and issues a cbdc the way that the world economic Forum wants the United Nations well then he is a trojan horse now the technology behind the cbdc is there I mean it was developed at at MIT with with L brainard's assistance overseeing it I don't want to come across as someone who who believes in conspiratorial things but I think you have to have an open mind and wonder you

know just how does this all play out is he really going to push back against the Deep state or could he actually be part of it we'll find out I'm hoping it's the former not the latter yeah yeah we'll find out and it's it's I like that you look at it from both sides like okay maybe there will be change but maybe we've got to be on our guard of of course we do just because everyone thinks he's going to be the salvation and and to the degree of getting our culture back and the Integrity of the of

the system of of of the judicial system the electoral system the FBI all of this stuff yes God bless him and I I pray for his safety but in terms of wondering is there a bigger system in in essence that is being brought in and you get to a point of a digital ID it's the beg I mean that's that's what they're doing a social credit score that is the ability to do those things I'm not saying it's going to I hope it doesn't um and and even Scott perent says that he doesn't

think we need a cbdc that would be great maybe it's a digital currency Peg to Gold like Judy Shelton is advocating to a degree that's what she'd really like but I think it's the treasuries is the first St place to go but again Charlotte all I'm simply saying is that I think it's important to be optimistic but cautiously optimistic for sure as it pertains to A system that is highly overleveraged massively under capitalized and and woefully indebted so how does that all play out well a guy

like Trump would be smart enough to figure out the best way to perhaps reset a system and restructure and reorganize under a sound money system that would be my hope that is what I pray for but I guess we'll see you yeah yeah we'll we'll cross our fingers for that I want to bring it over to gold and silver because of course these circumstances that you're talking about make it important to own gold and silver which is part of our conversations for years at this point I wonder what you're

you're seeing among American people in terms of gold and silver demand is that coming through to them or yeah because I'm seeing you know just these past couple of days instead of instead of that the Trump coin and the Melania coin so what what is going on that's just it instant gratification is not fast enough and it's interesting phenomenon to my Mentor Richard Russell said you make 7% a year you're a rockar and and he wrote the Dow Theory newsletters for 60 years and and one of the things that that I

find really interesting is that gold is up 30% last year it's it's beat the S&P 500 over 25 years it's average 99.9% appreciation the S&P was 9.6 with dividends reinvested it's doubled the 10year treasury it's the tortoise not the hair it's not sexy enough and it it just slowly plots a long 30% this year that Richard Russell would say you've outpaced the Rockstar portfolio four times and yet as Rick rule will tell you downstairs that one half of 1% of allocation from Joe and Jane sixpack to

the Harvard endowment fund there is so little participation in this country that people haven't noticed it that they are all chasing the risk on sexy trade the Nvidia the Bitcoin the Apple the xrp the things that that very quickly can make wealthy but it ignores so much of the fundamentals of wealth creation and um wealth preservation it's creating a generation of people who think that type of Market action is normal and it's not it isn't normal this is not a new thing I mean there there are Manas there are

bubbles there there are UPS there are downs and uh while this has been unbelievable to see the type of appreciation I think it's being ignored by the value that gold brings the extraordinary value it's extraordinary uh um track record over the past 25 years and last year um and it's woful um under allocation it it's interesting so yeah uh the public doesn't get it yet hardly at all to that degree do you have a sense and I'm sure we've talked about this before but do you have a sense of

what will flip that switch and get people thinking all right maybe I should start taking a look at gold and silver yeah well you know we talk about the law that was put into effect in 2009 the dodf Frank reform where where banks are no longer allowed to be bailed out they have to be bailed in and there was a lot of talk of that last year in March and April when Silicon Valley and Signature Bank failed they are bailed out illegally illegally um and there was a a house subcommittee hearing where um

inquiry where the senator from Oklahoma questioned Janet Yellen said you just build these Banks out what am I missing that's illegal you're right Senator she said it it is no longer allowed um depositors are considered unsecure General creditors I.E last to be paid now silicon and signature you had opr Winfrey money and all the tech startup money you had billions in uninsured deposits she says it was a uber majority decision of myself uh the president of the United States the fomc which is the

Federal Reserve and the FDIC and we all decided that these Banks needed to be bailed out or it would bring down the system too systemic but it won't be at the expense of the taxpayer yeah right she said it'll be the FDIC so they were bailed out and he says okay does that mean if a Regional Bank fields in Oklahoma my constituents will be made whole no senator they won't be so we'll fast forward they they it would require the same Uber majority vote she says just you know it's infuriating we fast

forward to last October just a few months ago and little uh dinky fly over C country um Lindsey Oklahoma Bank of Lindsay Oklahoma fails it's the first bailin that this country has seen and not a a word was picked up by the mainstream Lindsay Oklahoma with only 7 million in uninsured deposits that's it um not the the hundreds and hundreds and hundreds of millions at at Oprah and the rest of the tech startups had in s in signature and silicone but just 7 million and the FDIC came in and there

was one Regional Fox uh local news channel that had a little write up on it and it's on the FDIC website and it basically said that um it happened on a Friday as it always does in fact there was just a bank in Chicago that failed uh just the other day on Friday another one I haven't read about it but I did see that on the way here anyways it says um the uh First National Bank of Duncan Oklahoma will take over for the bank of Lindsay and all of the insured deposits that's 250,000 will be made available

Monday morning in addition one half of the uninsured deposits now it says that those are not supposed to be available in the dod Frank act but they gave them half right 7 million uninsured they said half of the uninsured deposits will be made made available Monday morning as well the rest will go to pay the the uh liabilities of the bank and anything left over they have up to four years to pay out in the form of bank stock not cash if there is anything left over but it said earlier in the article that the

liabilities were far in excess of uh their assets and so that money is gone so let's just do the exercise you have a million dollars in the bank of Lindsay Oklahoma 250 is insured that leaves 750 you get half that's 375 plus 250 you get 6 and A4 and the other 375 is gone now this is the law of the land and people don't understand this what would it be that would wake people up you see a big Regional Bank a big one fail and get bailed in and people will lose their mind because very very very well- read

people reading the wrong stuff in the United States have no idea that bailin were part of the The Dodd Frank reform and they're up here in Canada too so bail-ins are the law of the land meaning if you have over the insured limit you're out of your mind in one of these Banks but what would it take to wake people up that's exactly it because when those two banks failed in 2023 we had uh we added 14,000 clients in 45 days and that was with banks being bailed out that's four years worth of client

acquisition what happens if one gets bailed in and people say my God what just they just lost everything that's the scariest part of all to me that's what wakes the public up short of something that jars them uh or some sort of a market collapse I think they they won't look to precious metals because people are motivated more by greed than they are by fear they will have to well let me take that back people are motivated by fear far more than they are by greed but fear is in not something

that is in people's psyche until something happens and it's about being proactive rather than reactive the people you talk to for all these years you're you're allowing them to think outside the box and be proactive and uh at at the point of reaction it's too late so you know that that's really my point people won't get it probably until it's too late unless they've already gotten it and listening to you is one way that they're getting it well and you as well of course and I think yeah

certainly that would be that would be the Wake Up Call and you back it up by showing what happened for for you when previous bank failures were happening so do it's been very educational as always we can wrap it up here did you have any any just final words of advice to leave people with gold and silver investors right now you know I mean the best piece of advice I ever received was from my father and I'll and I'll I'll say this especially for younger people I started this company in 1989 with my dad um I

was 19 years old and there was no internet and then and we started in an office the size of a closet and he borrowed money from his best friend whose middle name was Franklin his middle name is Miles we come from nothing we're the American dream he said to me I won't let you make the same mistake I've made as a younger man the Only Rule at this company for you and I to build this would be that you'll buy something gold or silver every two weeks when you get paid period I don't care if

it's one ounce of silver and honestly Charlotte is the best advice I've ever been given in my life and everyone who works for me I say the same thing I've Ved the company outright for two decades he won't fire me anymore he said he'd fire me if I didn't do it but I've honored my word to him not yes because that's important to me to honor my word but it's learning the laws of compounding for you instead of against you and realizing that you know you might be young but you know if all goes

well pretty quick you wake up and say whoa where'd all the years go and it's easy to not prioritize your future self so by paying yourself first and learning the laws of compounding becoming regimented in in in paying yourself first so that down the road if you could have a discussion with yourself I'm 54 and if I could talk to my you know my 21-year-old self I be hey man put some money away so you you're going to have three kids and they're going to college and you better do it life's expensive

and most people don't think that way that was the best gift I've ever been given that's the gift I would tell people to embrace and that would be let the laws of compounding work for you instead of against you and always pay yourself first because the passage of time is real and uh it's never never too late or never too early really to uh to start prioritizing yourself okay I think that's a great place to wrap up and I've I think people listen to because I heard somebody at this

conference already quote that advice back to me from you so yeah wow that's cool hey man it changed my life and you wake up you wake up one morning it's like wow how but it's just like anything you don't go to the gym hard on January 2nd and 3rd and then be done you go every day day by day by day by day and it's the compounding of time and of effort and of Interest or whatever it may be that is one of the should be the eighth wonder of the world and uh it's changed my life meaningfully and I try

to impart that upon all the people that work for me uh and to those few who listen so that's cool that someone said that yeah yeah okay well I'll let you go for now thank you so much I'm sure I'll see you later this year we can check in on on what's going on yeah thank you very much I always look forward to that Charlotte anything and maybe we'll see you in July in Boke at the rule Symposium I certainly hope so um for now once again I'm Charlotte McLoud with investing.com and this is Andy shakman

with Miles Franklin thank you for watching if you like this video make sure you hit the like button and subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below [Music]