“Silver To $100 Then $500, Here’s Why”: Andy Schectman | Silver & Gold Price Prediction 2024

“Silver To $100 Then $500, Here’s Why”: Andy Schectman | Silver & Gold Price Prediction 2024

when Janet Yellen says to Russia if you do one penny we’re going to confiscate it but we can give billions the the hypocrisy is making the world say screw it they’re an insolvent country us we are inflating away the dollar we are destroying the value of the bond market we are wholly hypocritical in terms of the way that we view the world and and and make rules they’re looking to gold and commodities as zultan posar says as it as assets that have no counterparty risk instead of debt opaque uh promise opaque debt promises um which have a very small historical footprint in terms of being an asset from a country that can steal it from you I wish I wasn’t so pessimistic but I I I really been I think there’s a fine line man between pessimism and realism these days and this is not lost on the rest of the world and and I think people need to understand that um things are changing as a result of the ACT actions of our leaders who just seem to be doing all of the wrong things you know I’m giving a a speech too down here in bokeh in a month uh at Rick rues conference and the title of my first speech I wanted it to say is it too stupid to be stupid my wife thought that was a little harsh so I’m changing it to something like is it too ridiculous to not be planned and and I think in many respects it just seems to be too stupid to not be planned so I think that there are two choices typically um that’s what people would say there are two choices you know look let’s let quantify things first we’re a country that has a a um 30 nearly a $ 35 trillion debt a trillion seconds ago was 31,6 188 years ago I just read something and I wrote it down here because it kind of struck me um and about how big this number really is I mean 31,6 88 years ago it’s pretty big in a trillion seconds but the debt at$ 34.7 TR trillion dollar if you laid dollar bills how thin is a dollar bill if you laid them end to endend it would wrap around the earth 134,50 N9 times that’s enough to travel to the Sun and back 17 times that’s just a 34.7 trillion but we have unfunded liabilities all owed to the American people by the way which kind of fits into my ideology my theme and that is Medicare Medicaid Medicare Part B is um $99 trillion underfunded 99 trillion Medicare Part D the prescription 22 trillion Social Security 77 trillion government military pensions all owed to us works out to 160 or $1 170 trillion or 200 trillion in debt right the numbers are too big to ever be paid back but I find it interesting that the majority of the debt is owed to us because as China and Japan and Russia and Saudi Arabia and all of these countries are shedding us treasuries who’s been buying them in large part it’s us the hedge funds the money markets the mutual funds the the people chasing yield have been buying the treasuries as central banks have been selling and buying gold and commodities and you can look at at a graph of the Chinese acquisition of gold versus their divestment of treasures and it’s it’s like this and this is the rest of the world they’re selling treasuries and buying gold because not only has gold outperformed the treasury market it has no counterparty liability can’t be sanctioned or confiscated to from a foreign Nation the way that treasuries have we’ve proven treasuries can if we do not align ideologically well we’re going to take it from you let alone inflate it away and so when you look at a debt burden the way that we have my my mentor Richard Russell God bless his soul used to say 15 20 years ago the FED when we only had a 15 to7 trillion doll debt uh that the Fed was trapped and they had two choices inflate or default inflate or die he always used to say and I would say that there’s a third choice and that is to find a villain and that is Xi jingping and op OPEC and Putin to incentivize the world to move away from the Dollar by allowing these countries to unite under the bricks flag by pushing uh OPEC Away by signing executive order to go green Andy sheckman delves deeper into the implications of the US’s massive debt and unfunded liabilities highlighting the precariousness of the current economic situation he argues that the US is facing an insurmountable financial burden with a debt so large that it is beyond the scope of repayment the national debt currently at $ 34.7 trillion and unfunded liabilities totaling around $160 to1 170 trillion present a daunting picture of Financial mismanagement and future instability sheckman uses Stark imagery to illustrate the scale of the debt he explains that if dollar bills were laid end to end the national debt would wrap around the earth over 134,000 times and stretch to the Sun and back 17 times these comparisons serve to underscore the enormity of the financial challenge facing the US us and highlight the impracticality of ever repaying such a colossal debt as foreign Nations shed us treasuries the domestic financial sector has been absorbing these assets hedge funds money markets mutual funds and other institutions have been purchasing treasuries in large quantities chasing yield in an environment where central banks are moving away from us debt this shift indicates a significant loss of confidence in the US dollar as a safe store of value instead central banks are increasing their Holdings of gold and other Commodities which do not carry the same counterparty risks as Fiat currencies sheekman points out that this trend is not limited to a few countries but is a widespread phenomenon Nations like China and Russia are leading the charge protect their wealth from the instability and geopolitical risks associated with holding US Dollars gold with its intrinsic iic value and lack of counterparty risk offers a more secure alternative sheckman also discusses the broader geopolitical implications of these Financial shifts he argues that the US government’s actions such as imposing sanctions and threatening asset confiscation are eroding trust in the US Financial system these actions send a clear message to other countries that their assets are not safe if they do not align ideologically with the US this has led to a significant re valuation of asset safety with countries preferring gold and other Commodities that cannot be as easily manipulated or confiscated the move towards gold is not just about protecting wealth but also about asserting Financial Independence as countries accumulate gold they are reducing their Reliance on the US dollar and the Global Financial system dominated by the US this trend is particularly evident among members of the brics Nations Brazil Russia India China and South Africa which are increasingly trading among themselves in their local currencies and accumulating gold as a reserve asset sheckman also highlights the historical context of these shifts he explains that gold has always been a fundamental store of value throughout history particularly in times of economic turmoil and uncertainty the current Global Financial landscape marked by high debt levels and geopolitical tensions is prompting a return to this age-old Safe Haven Gold’s ability to maintain its value and its Universal acceptance as a store of wealth make it an ideal asset in uncertain times in addition to central banks private investors are also turning to Gold the growing demand for gold among individual investors reflects a broader distrust in the financial system and a desire for security sheckman notes that gold has consistently outperformed other assets classes in recent years further solidifying its status as a reliable store of value sheckman is critical of the mainstream media’s failure to adequately cover these important Financial Trends he argues that the media does a poor job of informing the public about the realities of the Global Financial system and the growing shift towards gold and commodities this lack of coverage leaves many people unaware of the significant changes taking place and the potential implications for their own Financial Security Andy sheckman provides a comprehensive analysis of the current Financial landscape highlighting the unsustainable nature of the US debt and the growing shift towards gold and commodities he argues that the actions of the US government coupled with the massive debt burden are driving other nations and private investors to seek safer Alternatives gold with its intrinsic value and lack of counterparty risk emerges as a Preferred Choice in this this environment sheckman insights underscore the importance of understanding these Trends and the need for individuals and Nations to reassess their financial strategies in light of the changing Global landscape and it aligns with Jared Bernstein’s ideolog ideological views you know Jared Bernstein I’m sure many people have seen this guy’s ridiculous interview that they were showing snippet Snippets of it on on Twitter where he he was trying to explain how the bond market Works how the treasury sells bonds how the government prints money it was was the most humiliating thing I’ve ever seen come out of the mouth of of the lead economic adviser of the US government but if you go back and research him and and title Jared Bernstein in the search bar um Dethrone King Dollar you’ll find a report that he wrote it was picked up by the New York Times or or statements he made to the Washington Post when Trump threw tariffs on China asking or saying good maybe we’ll lose the reserve status his whole thesis is to lose the reserve status it’s a privilege we can no longer afford so you have a an executive order to go green when the Lynch pin of the dollar H gmany is our relationship with OPEC and Saudi Arabia for them to uh for protection they will value oil in dollars and recycle the excess in treasuries well they are no longer selling oil just in dollars you see these Mutual deals or these these uh these deals in local currencies amongst countries where where example Saudi Arabia sells oil to China for Yuan and is immediately convertible into gold on the Shanghai Gold Exchange so you know gold is now replacing the treasury bond in my opinion because it has no counterparty risk and has massively outperformed the bond market in the last since beginning of the century and and and the settlement outside of dollars chips away at the dollar hegemony and the and the excess reserves not going into treasuries in fact being sold going into gold chips away at the reserve status but why do it is a good question well you know like I said 200 trillion in debt how do you ever pay it off well you inflate you default or you find a villain those bastards did it to us they dump the dollar how could they do it and how many people know that that gold is tier one how many people know that Saudi Arabia signed a protection agreement with Russia or that they’ve applied to the Shanghai cooperation organization or joined the bricks or all of these things how many people know it nobody how many people know that it’s it’s the backing of the Saudi Kingdom that gives a dollar its Reserve status hardly anybody the media doesn’t just do a bad job they do no job of telling us what’s coming so for them to point to this as a villainous act would work and at the same time who’s all the debt owed to Medicare Medicaid Social Security government military pensions that’s us how about all the treasuries who’s been selling them them Japan China Saudi Arabia Russia all of the countries are shedding treasuries because not only has a treasury market been horribly performing over the last year and a half as they raised rates 500 basis points in a very quick period of time after a decade long plus of zero bound federal funds rate destroying the value of all those bonds and circulation that they hold the 10year treasur but they can be confiscated now if we don’t agree with you doesn’t matter that you know when Janet Yellen says to Russia if you do one penny we’re going to confiscate it but we can give billions the the hypocrisy is making the world say screw it they’re an insolvent country us we are inflating away the dollar we are destroying the value of the bond market we are wholly hypocritical in terms of the way that we view the world and and and make rules they’re looking to gold and commodities as zultan POS say as it as assets that have no counterparty risk instead of debt opaque uh promise opaque debt promises um which have a very small historical footprint in terms of being an asset from a country that can steal it from you Andy shech man’s discourse reaches a crescendo as he elaborates on the broader geopolitical and Economic Consequences of the US’s Current financial trajectory he argues that the United States by leveraging its economic policies and sanctions is inadvertently pushing the world towards a new Financial Paradigm centered around gold and commodities sheckman underscores the critical point that golden Commodities are increasingly viewed as safe havens due to their lack of counterparty risk unlike fat currencies and debt instruments which are promises to pay and thus inherently carry the risk of default gold is a tangible asset that holds intrinsic value this fundamental difference is driving countries to shift their reserves from us treasuries to Gold the move away from the US dollar is particularly evident in the actions of major Global players like China and Russia these nations are systematically reducing their Holdings of us treasuries and increasing their gold reserves this strategic shift is not just a financial maneuver but also a geopolitical one reflecting a desire to diminish dependency on the US Financial system and protect their wealth from potential sanctions or financial repression sheckman also touches upon the broader implications for the Global Financial system the decreasing demand for us treasuries as countries diversify into gold and other Commodities poses a significant challenge for the US the reduced demand for treasuries could lead to higher interest rates and increased borrowing costs for the US government exacerbating the already precarious debt situation the shift towards gold is also part of a broader trend of dollarization where countries seek to reduce their Reliance on the US dollar for international trade and reserves this trend is driven by several factors including the desire to mitigate the risks associated with us monetary policy and the Strategic goal of reducing economic vulnerability to us sanctions sheckman highlights the role of the brics nations in this dollarization trend these countries are not only accumulating gold but are also increasingly conducting trade in their local currencies this move challenges the US Dollar’s dominance in global trade and finance signaling a potential shift towards a more multi-polar financial system the implications of these shifts are profound if the trend of dollarization continues it could lead to a significant realignment of global economic power countries that successfully diversify their reserves and reduce their Reliance on the US dollar will be better position to withstand economic shocks and geopolitical pressures conversely the us could face significant economic challenges as it loses the exorbitant privilege associated with being the world’s primary Reserve currency issuer sheckman also discusses the impact of these Trends on individual investors he emphasizes the importance of understanding these Global shifts and adjusting investment strategies accordingly as confidence in Fiat currencies and debt instruments Wan investors are increasingly turning to gold and other tangible assets to protect their wealth this growing demand for gold among private investors reflects a broader recognition of the risks associated with The Current financial system and a desire for more secure stores of value in addition to gold sheckman points out that other Commodities are also gaining traction as investment assets Commodities like silver copper and oil are essential for various Industries and are likely to see increased demand demand as the global economy evolves these assets like gold offer intrinsic value and can serve as effective Hedges against inflation and currency devaluation sheckman is critical of the lack of public awareness and understanding of these important Trends he argues that mainstream Financial education and media coverage often fail to adequately explain the implications of these Global shifts this lack of information leaves many investors unprepared for the potential changes in the financial landscape in conclusion Andy sheekman provides a thorough and insightful analysis of the current state of the Global Financial system he argues that the US’s Financial policies and the massive debt burden are driving a global shift towards gold and commodities this trend he asserts is a strategic move by countries and investors to protect their wealth from the risks associated with Fiat currencies and debt instruments sheckman insights highlight the importance of understanding these Global shifts and the need for both Nations and individuals to reassess their financial strategies as the world moves towards a more Diversified and multi-polar financial system gold and other Commodities are likely to play an increasingly Central role in global Finance for

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“Silver To $100 Then $500, Here’s Why”: Andy Schectman | Silver & Gold Price Prediction 2024

Andy Schectman warns of an impending financial reckoning driven by persistent inflation, higher taxes, and dwindling global confidence in the US dollar. The systematic debasement of the dollar, coupled with the geopolitical tensions and the weaponization of currency, is pushing nations to seek refuge in gold and silver.

The “all at once” moment, where the world collectively dumps dollars and treasuries, could be imminent, leading to a dramatic shift in global financial dynamics.

Schectman urges investors to recognize the signs and prepare by accumulating precious metals. As central banks and nations like China and India continue to stockpile gold and silver, individuals should also consider these assets as a hedge against the volatile economic landscape.

The real value of these metals lies not just in their price but in their ability to preserve wealth and offer stability amidst economic uncertainty. By moving into sound money, investors can protect themselves from the inevitable fallout of the ongoing financial instability and the declining value of fiat currencies.

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