HUGE Gold News From CHINA! Gold & Silver Prices Are About to CHANGE FOREVER – Andy Schectman

HUGE Gold News From CHINA! Gold & Silver Prices Are About to CHANGE FOREVER – Andy Schectman

you know we’re a country where here
again $8.9 trillion in government debt
or 25% of all the outstanding debt
that’s on balance sheet anyway pretty
damn close to it has to be refinanced at
much higher rates over the next 12
months when you see countries like China
selling treasuries and buying gold
things are changing and I think gold is
being remonetized in the world’s view
maybe this is why it was reclassified
tier one certainly there’s been a lot of
a talk and certainly you and I have
talked about a lot that you hear Vince
talking about a lot of people talking
about that gold because it carries no
counterparty risk because it’s
self-performed the bond market is being
looked at as a substitute to the bond
market I believe that I think the world
is looking at Gold a little bit
differently now than uh it has been
perceived for quite some time the
unexpected Resurgence of a strong Dollar
in 2024 has caught many investors off
guard prompting a re-evaluation of their
earlier predictions for the currency’s
decline this shift has been driven by a
robust US economy and consistent
inflation pressures which have deterred
the Federal Reserve from implementing
interest rate Cuts as initially
anticipated Andy sheckman CEO of Miles
Franklin expresses concerns about the
Dollar’s strength especially considering
the United States significant debt and
unfunded
liabilities despite record debt
accumulation and fiscal challenges the
Dollar’s current strength appears
unjustified to many observers
furthermore the United States imposition
of sanctions on developing countries has
prompted them to seek alternatives to
the dollar leading to a growing movement
away from Dollar dependence in response
brics nations are increasing their
efforts to reduce their Reliance on the
dollar given their substantial commodity
Holdings they are even exploring the
possibility of launching a stable coin
backed by gold sheekman emphasizes the
growing importance of gold on the global
stage particularly as countries like
China shift their reserves away from us
treasuries and toward gold as a hedge
against counterparty risk especially in
light of increasing scre SC on the bond
market the development of a stable coin
by bricks could not only bolster member
nation’s economies but also pave the way
for creating a native currency for the
block further reducing dependence on
external currencies like the dollar come
along as we explore Andy sheckman
valuable insights don’t miss out on our
latest updates subscribe to our Channel
and activate notifications thank you for
tuning in Trump doesn’t win you’ll see L
Brainard as the head of the FED who is a
modern monetary theorist who helped
develop the cbdc with MIT who ran point
for fed now and on the other hand you
have Judy Shelton who is a a the
opposite end of the spectrum she wants
to bring back a gold standard and
certainly I think that um regardless of
of uh how this all plays out in order
for a system to have any credibility
moving forward it needs to have some
sort of of a peg and and we’ve talked
about this before even uh crystalina
georgeva the head of the IMF said a cbdc
that is not pegged to something is Fiat
and I I keep going back to Gold being
the only other tier one Reserve asset as
mentioned by the bank of international
settlements I keep looking at all the
gold that not only has been uh purchased
by all the central banks but also
repatriated and interestingly enough uh
you know even through a Freedom of
Information Act we’re we’re not finding
out how much gold has left the FED who’s
been bringing it home and why don’t they
they want to tell us so yeah I mean and
if you look at the strength of the
dollar it’s crippling a lot of countries
right now uh the strength of the dollar
it it’s very unusual even though the
people in this country have seen their
purchasing power get clobbered through
inflation the strength of the dollar
around the world um is outpacing much of
that inflation and it’s making it very
very hard for a lot of these countries
to purchase Commodities that are valued
in dollars and you know a lot of people
think it’s because all the dollar
denominated debt creating the demand for
dollars to pay back the debt and maybe
that’s the case this is a short-term
strength of the dollar as far as I am in
concerned and I can tell you that much
of the uh world would really like a
dollar that isn’t as strong as it is
right now um and George gamman did a
very interesting podcast on this uh on
this very topic recently talk talking
about how many many countries are really
struggling under the strength of a
dollar and that that strength is
completely and totally unjustified as
far as I’m concerned I mean how how can
it be justified when we are witnessing
uh record debt accumulation uh a
trillion dollars every three months
where we’re a country that you know it’s
175 trillion in the whole and I I was I
was looking at something the other day
77 trillion underfunded
Social Security Medicare Part B being
the largest liability underfunded by
99.5 trillion your Medicare D which is
uh for prescription drugs missing
22.1 trillion and you know we’re a
country where here again $8.9 trillion
in government debt or 25% of all the
outstanding debt that’s on balance sheet
anyway pretty damn close to it has to be
um refinanced at much higher rates over
the next 12 months and
you know when you see countries like
China selling treasuries and buying gold
things are changing and I think gold is
being remonetized in the world’s View
and maybe this is why it was
reclassified tier one certainly there’s
been a lot of a talk and certainly you
and I have talked about a lot that you
know and you hear Vince talking about a
lot of people talking about that gold
because it carries no counterparty risk
because it’s outperformed the bond
market is being looked at as a
substitute to the bond market I believe
that uh I really do believe that and so
um I think the world is looking at Gold
a little bit differently now than uh it
has been perceived for quite some time
and we’ll have a very pivotal role
moving forward and certainly if Judy
Shelton gets in uh behind Trump and is
the uh the head of the fed and they move
in that direction it is a massive step
in the right direction to to gain
credibility the US budget deficit has
reached staggering levels widening to
$1.7 trillion in fiscal year 2023 and is
projected to soar to $2.6 trillion by
2034 according to the Congressional
budget office concurrently US Government
debt held by the public is on track to
hit a record 106% of gross domestic
product in 2028 a significant increase
from 97% in fiscal year 2023 this surge
in debt has been remarkable skyrocketing
from $17 trillion in early 2020 to $27
trillion and from 5 TR
in
2007 Andy sheckman draws attention to
the alarming levels of debt in the US
which Encompass various forms including
credit card debt household debt and
underfunded liabilities in essential
programs like Medicare Medicaid and
Social Security the substantial interest
payments alone underscore the economic
strain caused by this debt burden
furthermore China has been steadily
reducing its Holdings of US debt over
the years with its treasury Holdings
declining from approximately 1. 1
trillion in 2021 Chinese investment in
US debt hit a 14-year low in October
sheckman raises concerns about the
sustainability of US debt financing
particularly as China continues to
divest itself of us treasuries questions
arise regarding who will absorb the
substantial volume of bonds that need to
be sold in the foreseeable future
underscoring uncertainties about the
long-term viability of US debt
management let’s get back to the
interview 1.1 trillion in credit card
debt 17.3 trillion in household debt and
all of the stuff we talked about in
underfunding in Medicare and Medicaid
and Social Security where we’ve already
paid almost 525 billion in interest
payments alone this year um a and you
know a system where China is selling
treasuries and the US government is
supposedly doing the same thing also as
they as they normalized their balance
sheet so you know who’s going to buy the
10 trillion in Bonds in 2024 that need
to be purchased and you know what’s
really crazy about that is that if you
talk about as you mentioned the 2025
balance sheet proposal uh budget where
all of that debt uh you know you’re
talking almost 11 trillion doll a year
in bonds that need to be sold through
2030 um you know who’s gonna buy it if
China’s not and the fed’s not who’s gon
to buy them um it becomes very very
compelling one of the things that Jim
Willie said on your show that I thought
was very interesting and and makes a
hell of a lot of sense is that the US is
paying money under the table to Great
Britain you know to be the number two
largest holder of treasuries and and
just like you know we believe that
Ireland and the Cayman Islands are
filling these roles we’re witnessing the
beginnings of of you know monetization
of assets uh monetization of debt that
leads to hyperinflation and you know if
you read this deal and think about it
for a moment you couldn’t draw it up any
better that’s exactly what they were
talking about let all these people in
overwhelm the big cities have massive
entitlement programs and and create a a
a whole Legion of Voters that will never
vote to have that that meal ticket taken
from them it’s it’s diabolical it’s
scary as hell and I urge everyone to
Google and read the cloward Piven
strategy it’ll blow your mind as I think
as it did mine we’re borrowing money
just to pay the interest on our debt and
yet we feel that we should borrow more
money and give it to these countries
only to piss off their foes more and
more and more and make the rest of the
world see you know oh okay they’ll
either sanction you or give you money
that they borrow they’re a paper tiger
they’re broke they’re insolvent the more
you see this stuff the more you scratch
your head I can’t believe some of the
things I see and in particular the
actions by our leaders and the joy of
giving away our money and indebting our
children and grandchildren forever is
just is just beyond me so you know maybe
they’ll they’ll pull out that that
treasury Clause that allow the Federal
Reserve Clause that allows them to
remonetized gold and this will all go
away until then we are a country that’s
literally lost its mind from within by
allowing this stuff to happen and and
instead of fixing our infrastructure and
getting our borders in order we give it
to a war we’ve given two hundred billion
dollars to these people and and and
there’s no congressional oversight we
don’t even know where it’s gone who’s
spending it and now they you know giving
missiles and and all this kind of stuff
it’s just it’s Insanity Insanity to me
so I think it’s worth mention
you know when people look at this and
say how can this be happening um you
have to ask yourself you know conspiracy
or reality is it too stupid to be stupid
could it be intended is this what
they’re trying to do if not we need a
change in Washington very very very
badly and very quickly the ballooning US
Government debt and Rising interest rate
payments surpassing defense spending
have fueled increased demand for gold
investors view these assets as Hedges
against inflation and the US Dollar’s
purchasing power depreciation
share your perspective in the comments
below if the video resonates with you
join our community by subscribing to our
Channel and enabling notifications with
the Bell icon thank you for being a part
of our community

HUGE Gold News From CHINA! Gold & Silver Prices Are About to CHANGE FOREVER – Andy Schectman

The unexpected resurgence of a strong dollar in 2024 has caught many investors off guard, prompting a reevaluation of their earlier predictions for the currency’s decline. This shift has been driven by a robust US economy and persistent inflation pressures, which have deterred the Federal Reserve from implementing interest rate cuts as initially anticipated.
Andy Schectman, CEO of Miles Franklin, expresses concerns about the dollar’s strength, especially considering the United States’ significant debt and unfunded liabilities. Despite record debt accumulation and fiscal challenges, the dollar’s current strength appears unjustified to many observers.
Furthermore, the US’s imposition of sanctions on developing countries has prompted them to seek alternatives to the dollar, leading to a growing movement away from dollar dependence. In response, BRICS nations are increasing their efforts to reduce their reliance on the dollar. Given their substantial commodity holdings, they are even exploring the possibility of launching a stablecoin backed by gold.
Schectman emphasizes the growing importance of gold on the global stage, particularly as countries like China shift their reserves away from US treasuries and toward gold as a hedge against counterparty risk, especially in light of increasing scrutiny on the bond market.
The development of a stablecoin by BRICS could not only bolster member nations’ economies but also pave the way for creating a native currency for the bloc, further reducing dependence on external currencies like the dollar.
The US budget deficit has reached staggering levels, widening to $1.7 trillion in fiscal year 2023, and is projected to soar to $2.6 trillion by 2034, according to the Congressional Budget Office. Concurrently, US government debt held by the public is on track to hit a record 106% of gross domestic product in 2028, a significant increase from 97% in fiscal year 2023. This surge in debt has been remarkable, skyrocketing from $17 trillion in early 2020 to $27 trillion and from $5 trillion in 2007.
Andy Schectman draws attention to the alarming levels of debt in the US, which encompass various forms, including credit card debt, household debt, and underfunded liabilities in essential programs like Medicare, Medicaid, and Social Security. The substantial interest payments alone underscore the economic strain caused by this debt burden.
Furthermore, China has been steadily reducing its holdings of US debt over the years, with its Treasury holdings declining from approximately $1.1 trillion in 2021. Chinese investment in US debt hit a 14-year low in October.
Schectman raises concerns about the sustainability of US debt financing, particularly as China continues to divest itself of US treasuries. Questions arise regarding who will absorb the substantial volume of bonds that need to be sold in the foreseeable future, underscoring uncertainties about the long-term viability of US debt management.

Follow on X: https://twitter.com/MoneySense_Off

“Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you’re a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips”

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #andyschectman