Andrew Sleigh on Precious Metals & the Global Reset

Paul: ...guest right now is Andrew Sleigh of Sprott Money. And Andrew, welcome to Agenda 21 Radio. It's nice to have you with us, and tell us what the Sprott Money thing is going on.

Andrew: Thank you very much, Paul, for having me on the show today. Sprott Money is a precious metals dealer, headquartered in Canada, and we have distribution in Canada and the U.S. So, my background has been a financial planner for 34 years, doing the mutual funds and all that stuff, pension plans, health plans, whatnot. And then eight years ago, I discovered things just didn't make sense anymore in the financial market. So, I discovered that it was all gonna end up at gold and silver, and destroyed my business, and found a home here at Sprott Money, helping people all over North America with what's going on with the dollars in your country and mine, and helping them reposition themselves before things get too out of hand.

Paul: Too crazy.

Andrew: Yeah.

Paul: Yeah. So, what defines crazy? I mean, I have my definition of crazy. And everybody has a definition of crazy. When it comes to money and finances, there's always a definition of crazy. So, what's going on?

Andrew: So, the dollars are under tremendous pressure, and losing purchasing power all the time. And when I learned, in my background of searching out the truth on this is that all currencies end up at zero. And once you go off a gold standard, which your country did, and the world was pegged to the dollar, in 1971, Nixon took the gold backing away from the currency, and ever since then, the dollar's been losing ground ever since. And then the clock is ticking for when the dollar will eventually go to a fraction of a penny. And its current value in dollar purchasing terms is somewhere around two to two and a half cents, from its original hundred cents, when it started you know, [crosstalk 00:02:27] years ago. That's why everything goes up. You know, why does bread and eggs and all that cost more now than it did when you were a kid? You know, a $20 bill when you and I were young men was a big bill, and that bought a lot of stuff. Now, it's lunch. If that, right?

Paul: Right, right.

Andrew: And, so, you know, what's happened to change that stuff? Well, they just go around and keep saying, "Well, it's inflation. It's inflation." Well, what is that, exactly? They don't even define it properly for people. And that is the, inflation, by definition, is the exponential expansion of the monetary supply, which is done by government and the banks. So, then, eventually, you have more dollars chasing the same goods and services, which, then, the symptom of that is rising prices of goods and services, which is, you know, becoming quite apparent now, and will get much worse from here.

Paul: [inaudible 00:03:27] a lot of things are gonna go up in price because of scarcity. One of them that we look at are commodities, and food in particular. And it looks like food is just gonna start really sky, it's going up now. It's been... And by the way, you know, I think everybody would agree [inaudible 00:03:42] this radio show, inflation in America has been around for quite a while, especially over at least the last four years. And it's been rising, rising, rising. And it looks like we're gonna [inaudible 00:03:53] into what we call stagflation, which oughtta be a real can of worms for everybody to try and get out of the stagflation business. But tell us about what's happened with commodities. Then we can talk about stagflation.

Andrew: Well, the commodity sector, and my specialty is really on the gold and silver side, is the demand for that is just slowly rising, particularly on the commercial side. And the gold is in massive demand around the world, because the countries that realize what's going on with the American dollar are positioning themselves so that when the U.S. dollar fails, it won't take their currency down with it. So, that's the defense, is that, you know, around the world, China, Russia, Germany, Poland, you know, there's a plethora of countries that are trying to get as much gold as they can, while they can, to be able to back their currency in some portion, when all this falls apart, and then their currency won't fail. And that's really the story that we need to pay attention to as an individual, and that's what we should be doing as individuals, because the currencies will all fall apart. So, we have demand at high levels all around the world, except for in America and in Canada. Not that it's...it's higher in your country than it is in mine, but it's not at a level that's having massive impact, and there's not a massive shortage. So, the shortage will be, as soon as anybody wakes up and does any significant purchasing, or the half a percent of people that are buying right now wakes up, and now it's one percent of America is now buying metal, now you have a shortage, because that's all it takes.

Paul: Mm-hmm. Yeah. The population and the buying power of America is enormous...

Andrew: Yeah, yeah.

Paul: ...in that regard.

Andrew: You know, all you need is 100,000 people that wanna buy $20 grand worth of metal, and all of a sudden, now there's a problem. So, that's not a very big part... I'm just picking a number out of the sky for purposes of demonstration, but it's something like that, that it doesn't take that much to all of a sudden create, now it's hard for you and I to buy it next week when we call. And that's because there was a run on metals the week before. And with silver, it's the same, and it takes even less to make a shortage, because it takes a lot more silver to absorb cash. You know, like, a million dollars of silver, you'd have to fill in a room. A million dollars of gold fits in a shoe box. Right? So, it takes a lot more metal, a lot more silver, to absorb the money that's going into it. And that's why that sells out very quickly.

So, that's what's happening, and commercial increase on demand in silver particularly is also having an impact. And last year, I believe the numbers were 200 million ounces short, of production, that was required for commercial use and overall consumption. So, they only bring out about 800 million ounces a year, give or take. And half of it automatically goes to the industry, like cars, solar panels. U.S. defense is the number one purchaser in your country. Nassau is number two. And silver is only second to oil in use of manufacturing around the world. So, you know, oil is a component in everything. And silver's number two in that lineup. You know, it's a... You just name it. Like, medical masks, that are, you know, certain clothing that's designed to be antibacterial has silver in it. Our phone call today is as a result of silver. It wouldn't happen otherwise. Then you have all the high-tech equipment is all because of silver. You have space. You have weapons. You have, you just name it. There's, like, 10,000 applications that silver's involved with. And so, most of it is consumed and destroyed. And so, it just, it doesn't hang around like gold does. Most of the gold that's ever been mined is still available. You know, we could be wearing Egyptian gold around our finger, as a wedding band or something, you know. Like, it's all still around. A lot of silver is consumed and then destroyed, and/or put into landfills, with electronics and whatnot. So, anyway, there's a demand on there. But more importantly, it's repositioning yourself before things start to break, because the dollars, you know, in our countries won't transition to the next phase.

Paul: Yeah, that's gonna be... Okay. So, what is the next phase? Let's go ahead and make that leap of faith here. What is the next phase?

Andrew: So, they're trying to move to the central bank digital currency, which is very unpopular around the world, people that understand what it means. And when they do that, either the dollars could fail before that, or they're gonna fail after they go to a digital currency, which I think is gonna be the latter. I don't think they can get the dollar down to nothing in a few months. I think the CBDCs are scheduled to be a distinct possibility for the new year. And I wouldn't ignore that. I think the probability of it is high enough that to ignore it would be quite foolish. If you prepare for it, and it doesn't happen till later next year, then you're no worse off. But if you don't prepare for it at all, and it does come, then you're in a disaster. So, when they transition to a new currency, generally speaking, the current currency of the land has a very large trade-in value. So, meaning that, in history, when they go from one currency to another, like in Venezuela, when you went from the bolívar to the sovereign bolívar, it was something like a 10,000-to-1 trade-in. And that's another way that the government strips you of your wealth that you saved and worked for all your life.

Paul: Right.

Andrew: And, which is very similar as to the purpose of inflation, is a insidious taxation of the public that don't understand it, because it's so gradual. You know, like, you've worked all your life. I've worked all my life. And if, you know, with all that hard labor, we put it into dollars, and we have a pot full of money to retire on, and over the course of time, the government prints and devalues the currency so it's basically worthless, they've just taken all that value from you. So, there's a value transition to the next system, that will not be very favorable to holders of dollars, that are the current system, when they go to the next system. You'll lose heavy on that.

Paul: So, and again, this is a reset globally.

Andrew: Correct.

Paul: The so-called global reset is gonna be hitting us around January.

Andrew: Well, that's my suspicions. And it just seems to be lining up that it could very well be around that timeline.

Paul: So the question... The... Go ahead. Go ahead.

Andrew: I just, I can't see how they'll be able to extend it another year or whatever. Like, there's just a lot of breadcrumbs out there that point to that January-type... You know, Australia has already acknowledged and publicly said they'll be on a digital currency for the fall. Well, that's just a couple months away. You know... Sorry. European Union has already completed phase two of preparation phase to put a European digital currency in place. And they did that several months ago. And they all have to do phase three now, is implementation. So, that tells me it's not years and years away. It's just phase two. That's...or, sorry, phase three. That's all they need to do, and it's done. So, this is around the corner, and they're hiding it very well, but I think it's dangerously close.

Paul: You know, we're talking to you, Andrew Sleigh, about gold, and what's gonna be happening here possibly as early as January, switching out the dollars for gold, basically, the gold-based economy. And he's with Sprott Money. This is, should be taken quite seriously by the population, obviously, but what's gonna happen if the valuations aren't there? How are people...they're gonna have digital value in...that's why we're all using the cards, and you just put the card down on the reader, and it reads it, and it digitally takes money away from you. That's basically the type of economy that they're trying to build here. So, physical dollars will not be... Are they gonna ask us to all give up our physical dollars?

Andrew: Correct.

Paul: What's that gonna look like?

Andrew: Well, there's a few possibilities there. And, you know, they're the ones in charge, so I can't tell you exactly, but I can tell you from looking at some things I've seen that it'll be something along the lines of, you know, a favorable trade in for the first week, or two. Like, maybe it's a 10-to-1 or 1-to-1, or something like that. Then week two, it's gonna be 50-to-1 or 100-to-1 ratio of turn-in, and week three, you know, 1000-to-1, and then week four, no turn-in. No credit. You know, it'll be something that's gonna encourage people to move in very quickly, without losing too much. Or, it could be none at all. You know, it's somewhere in between those two extremes.

Paul: So, what gives the valuation to digital currency, then, after the dollar's gone?

Andrew: Ideally, nothing. Like, when you peel away the layers, it's just another fiat, non-backed currency, that really doesn't have any residual value other than the government says it does. And that's, you know, that will just lose face down the road, and be a failure yet again.

Paul: So, I mean, this is very interesting, because a lot of people, you know, in fact, our Chriss Street, who financially advises us, and he's our CEO of New California State, says that he doesn't believe the dollar's ever gonna go away. What's your thoughts on that?

Andrew: Well, that's just denial. You know, like, you could say that same thing to the British people back when they thought the British pound was gonna be the dollar of trade forever. You know? And then you can go back and say the same thing about France and Portugal and Spain, and whatever other country that had the dollar of trade. They all had finite lifespans of trade. You know, and, it's, we're gonna see, in our lifetime, that's gonna go away. You know, there's already half the population that are veering away from the U.S. dollar in trade, of the world. Like, so, that's just a denier of looking at any facts, or it's just completely uninformed. Because, sooner or later, the U.S. dollar is not gonna be accepted by more and more countries, because they don't like the shenanigans that, you know, the U.S. government has been doing with, you know, seizing assets if you don't comply, and the government is spending money beyond, you know...

Paul: Right, right. Like what California's doing.

Andrew: Yeah. Like...

Paul: In California, our governments much, I mean, the U.S. government, the California state government's just gone whacko.

Andrew: Yeah. Like, that governor is insane. Just completely insane. But how does a country create... Any country, but, you know, we'll just for, since we're talking U.S., you know, how is there hundreds of trillions of dollars in debt? And we're not talking about just the federal debt of $34 trillion, $35 trillion, whatever trillion is now, but creating $1 trillion every 100 days, and then the unfunded liabilities, and sooner or later, America is going to default, and it's gonna say, "We're broke. We're bankrupt." And the world is realizing more and more that, hey, these guys are printing debt, and they can't pay this back. So, if they start to be suspicious that the U.S. can never pay back their debt, then why do you hold the currency of a nation that's completely bankrupt? The currency is not worth anything.

Paul: Right.

Andrew: And more and more people will realize that, and more and more countries, and then more and more people as well. But that's just basic economics, which, the gentleman you referenced earlier, that's all he has to look at. A country that's insolvent has no wealth to its currency.

Paul: Now, what about... So, then, how does gold play into this? How does any of the metals? Any commodity futures? I mean, if you're buying and selling gold, that's great. But what about physical gold? And, it's a physical product itself, gold [crosstalk 00:17:34]

Andrew: Yeah. That's really all I'm referencing, is, you know, buying and obtaining and holding physical metal, silver and gold. And then nobody takes that from you. So, the country needs, at some point, to have gold, to go back to a gold standard to back the currency. And then there's a linch, you know, there's a pin put in, where the dollar can't drop to below a certain value, because they have enough gold to back up the currency at a percentage. And then, I guess that's where you can stop the bleeding. But, you know, the country won't do that. Every government will let it go to zero, and then reset, and start all over again, and eventually, they go back to, you know, a gold standard. And...

Paul: How's that...? I was gonna say, how long does a reset take to do that? And what should people be doing in the meantime?

Andrew: Well, historically speaking, there's been 40,000 to 70,000 estimated currencies in the last thousand years. Once you go off a gold standard backing, and we'll just use that as one example of how they back a currency, the clock starts ticking at that point. And the average age of a lifespan of a currency is 35 years when that happens. And we're at 53. And the difference, that's so big now, is that this is the first time in history that the entire globe is off the gold standard at the same time. So, up until now, like, the last hundred years, there's been, you know, every currency ever invented and created has always failed, once you go off the gold standard. And it's just taken that average length of time to do that. And it's always reverted to a value of zero, when I say fail. Now we have, the world was pegged to the U.S. dollar, and the U.S. was supposed to have the gold to back the currency. And that's how that started to play in the '70s. And that's why gold took a large leap, because gold smelled a rat in the room, I guess. They didn't... Gold started to explode upward, if you go back and look at a chart, because the U.S. government started to print, and go into debt a lot more accelerated, because they no longer had to keep restrained, because the dollar was now free to be printed into oblivion, because there was no longer a gold standard to back it. And that's why governments hate a gold standard, because it makes them stay within their bounds of what their budgets are. You can't just create gold from thin air like you can hitting a keystroke on a computer, and pump a million dollars, or I should say in this terminology, like, a trillion dollars every hundred days, into existence. But that's, your government is doing. You can't create a trillion dollars in gold just like that. It's just not happening.

Paul: What are we gonna call the new currency? Are we gonna call them digits? Digits?

Andrew: Yeah.

Paul: Dollars to digits.

Andrew: [crosstalk 00:20:44] Good question. I mean, you know, there's been...

Paul: How many digits do you have? Well, I have 10 on my hands and 10 on my feet. I have 20 digits.

Andrew: Yeah.

Paul: Do I have to cut a digit off to get some [inaudible 00:21:00] You see what I'm saying, is that what is the actual thing that you're trading with?

Andrew: Well, it's nothing more than figments of imagination in a...

Paul: So, it's kind of like the election systems that we have here.

Andrew: Basically, yeah.

Paul: You have real ballots, and you put them in the machine, and they're turned into electronic votes [crosstalk 00:21:22] Right?

Andrew: Yep. Yeah. That's right. Yeah. Exactly. Yeah. Yeah. I agree with that statement. It's all forms of manipulation, which is why these central banks wanna go to a digital centralized system, because then it's programmable dollars, that they have total control, to be able to manipulate the population. So, if you do things that they don't want you to do, they just cut you out of access of your bank account held at the IRS.

Paul: In...okay. I'm sure that...

Andrew: That's what central bank digital currency means. It'll either be at the Federal Reserve, which is basically, you know, doesn't matter. It's still gonna be a controlled...and it's programmable. And so, you know, they're gonna sacrifice all the banks, you know, around the world, to bring this digital system into existence one way or the other. And it gives them ultimate control over the population, and they can make that dollar do whatever they want it to do. And it's gonna look like, you know, you use a debit card now to go into a store and do a swipe, or a chip or whatever, to buy whatever you buy. It's really gonna be the same as that for the short term. You know, and so, what did we just do? We just traded electronic, you know, numbers of ones and zeros, and now there's a different number on our screen of what we have for our balance. It's all fake.

Paul: Geez. What do you think's gonna happen to the cultures in the countries? Chaos?

Andrew: Yeah. It's not gonna be a very easy time. When people start to realize that this is really a tool of enslavement, there'll be resistance on it. And let's hope it's not too late by then, that, you know, the people can push back enough that the government will back off on that scenario. But I'm not sure... You know, they're gonna be working at this pretty hard, to make sure that everybody's begging for this to be deployed. And that's another reason why they're ramping up the universal basic income, which, you know, 220 cities in your country have signed on for, as of the end of last year. And in my country, we have universal basic income that is now in the Senate, in the final comment stage before it becomes legislation. And they haven't talked about it anywhere. So, behind the scenes, our governments are getting ready for sweeping in to rescue everybody with UBI. And I think that's an anticipation that they think the whole thing is gonna come down here in the near future, and everyone's gonna be impoverished. And then they're gonna, you know, they're gonna cause this effect, and then bring the solution, which is the playbook of history with governments, and come in and be the savior by, you know, giving everybody allowance, which is basically welfare. And we know how that works. So, that doesn't solve anything. It makes everybody nonproductive.

Paul: Well, so this is really, as you start to take a look at what kind of governments we're swinging to, we're getting away from a constitutional republic. And, because we do the New California State movement, and we're moving on to Congress here, actually, to make, you know, to make that appeal to Congress. In fact, next week, we will be doing that. I'm sorry, week and a half from now. And this is a very big concern because, you know, we're in a collapsing economy in California. California has basically stripped everybody they can of any kind of tax revenue, by extortion taxation. And California's collapsing. So, in that collapse, we're gonna set up a new state, that's gonna be free market economy basis. And, of course, our constitution will reflect all that. But if you're trying to do that, and you've got all the resources to make and manufacture things, now you...but you still have some problems because what type of economy are you developing if you've got, you know, CBDs? [crosstalk 00:25:31]

Andrew: Well, you haven't... You've created a new state and a new framework. But if you actually still have a CBDC, you don't actually have a free economy. Like, a free economy is, you know... Establish a cash. You know, and it's a cash economy. That's a free economy.

Paul: Well, now you're talking about barters and things like that. A barter system, right? Initially?

Andrew: Yeah.

Paul: I mean, it could happen. I mean, that's what was going on in communism. And I remember I took a visit to East Germany, and spent a lot of time over there. And barter was the big deal. That was in '92. That was in '92, the wall had fallen, and the D-Mark, German D-Mark, was now implemented, but everybody was still in the barter.

Andrew: Yeah. And that's going on right now in Nigeria, because the digital currency has not done that well over there. It was adopted by very few, and they basically cut off the cash that the banks were allowing people to take out to use as payments for goods and services, so the economy switched over to barter. And now everyone's trading, just amongst themselves, and staying out of the system. When Lebanon's economy collapsed, couple years back, you know, and everything was fine right up until the night before, and then the banks didn't open the next day, and people were cut out of banks for three weeks. And so nobody trusts the banks over there now. And all the cash there now just rotates through the economy. Nobody deposits at a bank anymore. And so they use the Lebanese, whatever the currency's called. I don't recall. And then they have the U.S. dollar. And then waiting in the wings are the people that have silver and gold, because the Lebanese currency will continue to fail, then the U.S. dollar will fail, and then people will come in and they'll start bartering with silver, like they do in Venezuela.

Paul: Yeah. Yeah. So, bartering is a skill set.

Andrew: Yeah.

Paul: And it's gonna develop into a necessary skill. Now, what... Okay, so, who are the geniuses behind this?

Andrew: The CBDC? You're referring to?

Paul: Right. Right.

Andrew: Yeah. Well, that's the central bank, the IMF, and the BIS, which is one and the same, more or less. So, that's the central bank of central banks. You know, the U.S. Fed is involved right up to their eyeballs on that. And, you know, these things all need to, you know, if we wanna have freedom in humanity, we really have to have all that go.

Paul: Yeah, we don't need this. That's, I mean, you know, I, like I said, I saw the bartering thing work in East Germany. And then, of course, a lot of these Germans told me how it really worked. And, you know, because they had their own D-Mark, East German D-Mark, and it was worthless. Absolutely worthless thing, compared to what you could get with a barter system.

Andrew: That's right. You have a town, you know, in your country, maybe more than one, in the Midwest, that went off the dollar standard a couple years ago. And they use silver and gold in their micro economy, and have, for the last couple years. And they set the spot price of silver and gold each morning at 8 a.m., and again at 1 p.m. And they don't trade in dollars anymore. And I think that's just amazing foresight by the mayor of the small town, that, you know, when the dollar goes down, or they wanna introduce whatever, you know, it doesn't change the fact that I'm coming in your store, giving you an ounce of silver for some groceries, and I leave. Nothing's affected. You know, and we have an established rate of what the value is every morning, and afternoon. And there's trade going on all day long. And I only wish I knew the name of the town, but, you know, I heard it from a good source, and there was, you know, but, you know, they're not necessarily gonna publicize who's doing it.

Paul: So, this is basically the currency of communism.

Andrew: The CBDC? Yes. Yeah.

Paul: Okay. So, that's is why they're so pressing so hard. And that's why they don't want Donald Trump.

Andrew: Well, I think a lot of that is theater, to keep everybody so busy and at each other that they use that as distractions while they get the real agenda put in place. So...

Paul: Is Trump...what's what Trump's position on this? As far as you guys know.

Andrew: Well, financially speaking, and I don't have a dog in the fight on this, so I'm not any political party associate whatsoever, but my concerns rose when he started talking about wanting to appoint Jamie Dimon as Treasury Secretary. So, right there, that told me that Trump's gonna get in, and he's gonna finish the job that was started. And then Vance is also a billionaire that's got a lot of wealth involved in the surveillance, you know, AI technology. So, those are super concerning to me, with regards to, you know, why are these people being brought in? That's, you know, Jamie Dimon is the head of the largest, you know, arguably criminal organization bank in the world, you know? And so now we're gonna bring him in to be Treasury Secretary? Like, that's just utter nonsense.

Paul: Yeah, that's kind of a little bit of a struggle, isn't it? To be thinking about that, or to be looking at those kind of things. I totally agree with you. I think that, you know, this is not a good thing, I don't think, for the country. But it is good if you're a dictator.

Andrew: Yeah. The other thing that both parties have talked about is when they get re-elected, or Trump comes in, or whatever the scenario plays out, both have talked about they wanna put interest rates back to zero or negative. And that also is, that also tells me they're gonna finish the job. Because you go there, the dollar will explode in becoming absolutely valueless.

Paul: Wow. Well, listen. We gotta run for time now. I really wanna thank you for being with us. We've been talking to Andrew Sleigh, from Sprott Money Limited, in Canada. And tell us how we can get ahold of you, because I'm sure my listeners that are, just looking at the chat room right now, wanna know more about this, and this process. Now, we've been talking about it. It's now creeping up here that this is what the desire is to do. But in the great reset, we gotta be thinking about what that's gonna look like, because if it's, you know, everybody stock up and get your survival equipment and everything like that, that's only gonna last a little while. People [inaudible 00:32:35] still come out, that, I can see bartering going on, and barter networks, and especially in a free market economy country to begin with. You know, even though we're moving to communism, and we're in that process, we're still a free market economy. And the dollar's important to us, so... But tell us how we can get ahold of you.

Andrew: Yeah. So, on our website, if you go to a sprottmoney.com, you know, any page on there, there's our toll-free number, is 1-888-861-0775. My extension's 230. So, you can also reach me by email, at deathofthedollar@sprottmoney.com, S-P-R-O-T-T money.com, deathofthedollar. And, you know, we're salary here at this company, so, you know, with my background, it's quite unique. And I speak to Americans all the time, and Canadians, and, you know, you wanna call and ask me some questions, feel free to do so. If you don't get me, you'll get my voicemail, and I'll call you back as soon as I can, but it has been busy the last couple weeks, so I'll get to you as soon as I can. So...

Paul: So, this'll get into social credits.

Andrew: Yes, it will. Right out of the page of China. Correct.

Paul: Yeah. Okay. Listen, Andrew, thank you very much, and you're scaring the heck out of us. Maybe it scared us into action.

Andrew: Well, just want you to be prepared. Better than being scared, so...

Paul: Yeah, that's right.

Andrew: ...just start making...take action. And I, you know, I'll help anybody that wants to reach out to me. It's all good stuff. So, thank you very much, Paul, for having me today.

Paul: Absolutely. Thank you very much for being with us.