00:02:20.020You've got some big-name Republicans that have expressed concern that she has sort of been almost anti-Fed, returned to the gold standard.
00:02:31.680Senator, you are getting the authentic Judy Shelton.
00:02:36.300I think you said it best that what we will get is the authentic Judy Shelton, and that is what bothers me tremendously.
00:02:42.520The failure of her nomination to the Fed in November 2020 was viewed by many, including me, as a signal the U.S. government was intent on maintaining the current system of money printing without any backing of the dollar by gold or by anything else.
00:02:59.300But six years is an eternity in politics and a few things have changed.
00:03:03.980Gold and silver settling at new records once again today.
00:03:07.820With gold rocketing higher and many prominent voices questioning the future of the dollar, Judy invited me for a chat here at her home.
00:03:17.100So you can see from that quick introduction a little bit about where we've come with regards to Judy Shelton.
00:03:23.700But over the last several years, Jerry, she wrote a book and she's been pushing an idea.
00:03:31.680and this idea is now sitting at the Treasury Department.
00:03:37.200Do you want to tell us a little bit more about Judy Shelton
00:03:39.680and we'll get into why this is so important for gold?
00:05:25.840Well, we don't know if it's going to happen.
00:05:27.280The point here is that we now have a sound money advocate at the Treasury Department who is going to be sitting next to Scott Besson, giving him ideas, and he wants her advice.
00:05:40.880The video we showed shows that Trump knew about her for a long time.
00:05:46.180Obviously, he's backing her, and it's interesting to see her come around again in this type of iteration.
00:05:52.340Now, we'll get back to the bonds in just a moment, but last night when this came over our ex, obviously we were recording the show today on Friday, October 1st, but last night when it came out and I was texting you right away about it, the one thing that caught my eye was that actually there was a Q post in which her name came up.
00:06:11.840And the one Q post that she was in is where an anonymous person on the board asked, do we have the gold? And the response was, yes, gold shall destroy Fed. And then underneath that is an article by CBS News, Trump Fed pick Judy Shelton, gold standard explained.
00:06:34.680And so my first thought was, yeah, why go work at the Fed when you could help destroy it?
00:06:41.560Obviously, bringing back credibility to the monetary system and the dollar itself does, in effect, start to destroy the credibility of the Fed.
00:06:52.680And they were clearly, you could see in that video, clearly circling the wagon saying, no, no, no, we don't want gold standards here.
00:07:03.100We want fiat currency. So that to me was something kind of a, oh, interesting. That kind of popped up. And now, of course, it's less than 24 hours later and you can jump on X and it's just every single gold analyst is as excited as we are. We shouldn't have coffee. We should have champagne.
00:07:24.160I think so. Why? Not there yet. Because again, this is about bringing gold back into the fold.
00:07:31.140We know Scott Besson has been accused of being a gold bug. You've talked about this. He was doing
00:07:39.960an interview with Jesse Waters and he was talking about it. Yeah, he was giving us viewers. If you
00:07:45.620watch Fox, he was walking down the halls of the treasury department and going through the halls
00:08:19.060where the Fed said no to Judy Shelton's idea.0.73
00:08:21.460We love our debt-based system. Thank you very much. We love this type of Keynesian system. This is why I love Judy Shelton, just because the way just three or four weeks ago she was on CNBC's Squatbox, and she came out full force on fire about the policies that we have in place, and specifically in the U.S., where this fallacy of growth in GDP, which is great, and you have employment.
00:08:48.060That's great. We're growing. Everyone has a job, making money, some income. Maybe you have to work two jobs regardless. She said that we need to abandon this Keynesian idea that economic growth is inflationary because what does the Federal Reserve do every time there's growth and positive news? They crush it with a rate hike, but a quarter point.
00:09:12.100Yeah. They crushed it with a quarter point. And of course, then expectations were rising
00:09:18.780that they were going to do it again. And we did a show, I think two weeks ago, where we said,
00:09:24.800oh, gold shrugged it off. What's a quarter point? No big deal. And yet, the idea of another quarter
00:09:34.820point has tanked from something like 90% chance of it down to 20% chance of it-
00:09:41.180up and down, up and down. Salt to taste, as they say. It doesn't really matter. The point is,
00:09:44.760is that all of a sudden, the Federal Reserve is incredibly fragile in its position here,
00:09:50.980that they can't even raise a quarter point without disrupting markets. And the markets
00:09:57.260are already feeling disrupted. So the big difference is that a convertible gold backed,
00:10:03.180sorry, a gold convertible bond, what it does is it, one, encourages investment.
00:10:12.100If you have confidence that in 50 years, it doesn't matter where the dollar is,
00:10:19.220I can trust that the gold's going to be there, then I can have more faith in the dollar.
00:10:24.720So on the bond side, it means you could have potentially a lot more investment in the bond.
00:10:30.960It also signals to markets that it's good to own gold as a hedge against potential dollar devaluation.
00:14:25.080I felt some pushback because when, you know, people who follow Rebel and, you know, what we've been going through in the last few years are really hesitant to the CBDC, right?
00:14:34.960So when they think of like blockchain, is it a good idea?
00:14:39.720And why the Fed, where we talked to just recently about independence, we want to make sure that they don't have the independence because of a few topics that have come up,
00:14:51.520some subjects about the Federal Reserve and their transparency over the last decades,
00:14:56.700how many decades, of just instances where, hey, you know what?
00:15:01.060Because it's on a blockchain, you have a record of accountability.
00:15:20.320Number one, trillions of dollars allegedly missing or accounted for in the U.S. government and Federal Reserve related financial records, not to mention the renovations that just came up and there's going to be probably some investigations.
00:15:33.040There's some questions about that because apparently it's mismanaged funds.
00:16:11.080The same rails that were set up years ago, Federal Reserve, fractional reserve banking system, digital, anything right now, your money just sitting in the bank, you're an unsecured creditor, and your money is already digital.
00:16:26.280Don't you think, though, that, yes, you can track things, but at the same time, they can track you?
00:17:34.840they can be copied and fraud, et cetera.
00:17:37.320And we're going through a lot of fraud these days.
00:17:39.040And then that does speak to the gold market. Very important that when you're acquiring physical gold, that you do it through a reputable dealer. At Guildhall, for example, if you're picking up product by you're scheduling a pickup, we can always test the product right in front of you. If we're buying product back, we test the product coming in.
00:18:01.240If you're acquiring it within a registered account, it's always going to be in what we call a closed-loop system.
00:18:07.800It's coming directly from the refiner through the wholesaler.
00:18:11.500Everything's staying inside the vaults, so it's not reaching other markets.
00:18:16.180It's staying inside the vaults, and so it's much easier to manage the quality of the product if it's not leaving a vault system.
00:18:26.520So very important that when you're acquiring product that you have the ability to test it, and you also want to stick with products that are what we call LBMA approved for delivery. So these are things like Royal Canadian Mint, PAMP Swiss, Valcambi Swiss, same thing with silver.
00:18:43.080You can call us. We'll show you which ones. We'll show you exactly the list on the LBMA website. But this is going to allow you the ultimate liquidity down the road so that it's not just you're buying the cheapest product you can get because it can be expensive when you go to try to sell it. You want product that you can easily liquidate down the road.
00:19:03.120So these are the type of things that will walk you through at Guildhall to make sure that the products you're acquiring today, you're going to be able to maximize the gains on them down the road.
00:19:14.240Now, speaking of maximizing, markets are down short term, but still massive projections out there all the time.
00:19:26.120Vince Lancey that we follow a lot, he followed us on X.
00:24:27.020So it's a very deep and liquid market,
00:24:29.360But, you know, we're following the trends and it's very exciting to know that she now Judy Shelton coming back full circle is, you know, is with the Treasury.
00:24:39.340The Treasury is looking at a lot of things, not to mention the fraud.
00:25:21.240She posted a picture of them together on X.
00:25:24.280So you know that this has been in the works.
00:25:26.200You know that the bond market is something that they have to deal with, but bringing gold into the fold in any manner and any hint of it, and we've had a lot of hints of it this year, is only good for the ecosystem of the market and adds to people saying, yeah, you know what?
00:25:50.140And the discussion of the reason why they're allocating into metals, it's a balance sheet issue.
00:25:55.360We're talking about debts. The debts don't matter until they do. They came to a point. This operation has been going on for a long time, if you think about it. This plan, Judy Shelton has been vocal for decades because they understand the enemy. This is the very enemy that believes it's above the law, that they don't care who makes the laws.
00:26:44.680You have to really push because, you know, us Canadians up here, we were we didn't see the the Allinson inquiry that was happening in Ottawa.
00:26:53.800The Americans didn't see the Xi Jinping China summit, amongst other things.
00:27:18.180And I think Jim Rickards, what he talked about, really connected the dots for me, Jeremy, where he talked about America's silent inheritance.
00:27:30.560Okay. So he came out with a video and he talked about that America has been held back from using natural resources since 1984 through the Chevron Agreement, which was then overturned by the Trump administration's Supreme Court in 2024.
00:27:49.300In essence, what this was doing, federal agencies, non-federal agencies had enormous power to stop mining, to stop getting assets out of the government.
00:28:00.160Similar to Canada in the way that we have all these resources and yet somehow regulations and groups involved end up always blocking everything.
00:28:08.800Right. So I was looking into this Chevron, what this means, and it actually resembles the philosophy behind central banking.
00:28:19.700In fact, there was a quote from the European Central Bank that said the Fed benefited from this style because it helped their debt-based system with regulatory matters.
00:28:31.220The legal review described this standard as helping the Federal Reserve.
00:28:34.920But as we connect the dots, why does this make sense?
00:28:38.420If you look back in 2025, February 3rd, Trump announces a sovereign wealth fund.
00:29:07.240I think Canada is going to get a little bit of the Greenland treatment.
00:29:11.980And I actually think that when everything is said and done, I think Canada is still going
00:29:17.160to end up with the best deal out there. I believe so as well. I don't see how we don't end up with
00:29:22.100that. I think it's just inevitable. I think we're going to just have to deal with the politics for
00:29:28.360now. Right. So basically, just to end off this silent inheritance, this national inheritance
00:29:34.120has been unlocked. So all these reserves can now be funded into this trust, which he calls the
00:29:40.940People's Trust or National Trust or National Inheritance. He put the potential, Rickards did,
00:29:47.160The raw resource value at $150 trillion, including minerals, metals, oil, and other resources.
00:29:54.460Does this mean like going into Alaska and drilling?
00:29:58.460Potentially the Grand Canyon, according to Bix Weir and Road to Riddle.
00:30:01.460But yes, it's going to remove the people away from being used as collateral and our bank accounts as collateral to continue money printing.
00:30:16.720So again, managing the asset side of a balance sheet, you have debts that you're bringing down through the revelation of some fraud, maybe. And then you have the boosting of the asset side. Revaluation is a huge topic. It could be done easily on the blockchain. The US Treasury does have an account called a gold revaluation account. This does exist. They do have the resources.
00:30:40.340And I think with Judy's introduction and her recruitment with the Treasury, the time is upon us.
00:30:46.460And I think we're going to be popping the champagne soon.