HAPPENING NOW ｜ Fed Cuts Rates for the First Time in YEARS – race to buy gold!
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Summary
The Fed has cut rates for the first time in 5 years and it's a significant development. In addition, we have learned that nations are buying up gold reserves like never before. In this episode of the John Henry Weston Show, our special guest, Drew Mason of Life Site News joins us to discuss the implications of the Fed's rate cut.
Transcript
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And we showed them our evidence that when inflation is strong, the number of ratchets
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even higher. They came back to us and said, you're right. You're right. Gold deserves
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a far higher weighting than Western advisors are recognized.
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Hey, my friends, there is breaking news in the financial sector. The Fed just cut the
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interest rate. And it just happened yesterday afternoon. It's very significant. In addition,
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we've learned that nations are buying up gold reserves like never before. You're going to want
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to stay tuned to this episode of the John Henry Weston Show with our special guest, Drew Mason.
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LifeSite News is looking down the barrel of a gun. Far left groups funded by national governments
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are declaring us to be a hate group because we speak the truth. We are betrayed on every side
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by politicians and even our religious leaders. But as Christ said, if they are silent, the stones
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will cry out. LifeSite News and those who support us are the stones, proclaiming the good news that
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Christ is King. Go to LifeSiteNews.com slash donate to send us your support today. Cry out. Viva Cristo Rey.
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Drew, very good to be with you. Thank you for having me, John Henry. Let's begin as we always do with
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the sign of the cross. And if you wouldn't mind, open up with a little prayer for us after that as
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well. In the name of the Father, and of the Son, and of the Holy Ghost. Amen. Amen. We praise you,
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Heavenly Father. We praise you, King Jesus. And we praise you, Holy Spirit. We thank you for all of
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your gifts, your mercies, especially for dying for us, Jesus. Father, this day we ask you to pour out
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your Holy Spirit upon everyone listening with a grace-filled moment that they will be enlightened
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by truth. Baptize every person in this audience with the Holy Spirit. Transform their spiritual life.
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Help us to see truth and see things and want things as you do, Lord. We ask in Jesus' name. Amen.
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Amen. All right, Drew. So, we heard this financial news and wanted to talk to you about it because,
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you know, none of us really, or very few of us are investors. However, the cut in the federal
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interest rate means something, but it also means something for our families. If you can explain
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that to us, what it means, how significant this is, that would be great. Thank you, John Henry. So,
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yesterday, for the first time in five years, the Fed cut rates. So, it is the beginning of what they
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call a rate cycle. They're usually not one and done. They happen either raising or lowering rates
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over months and even years. So, yesterday, they cut the interest rate that they use with the banks by
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50 basis points or a half of a percent, which is larger than their norm of 25 basis points and suggests
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they're seeing enough data in the economy that they are concerned about the economy and where
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we're heading. It also has implications in that that move will likely weaken the dollar on the
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global stage because foreigners will no longer be paid as much in interest now that the Fed has cut
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their rates. So, that has an implication for Americans in particular who save in dollars.
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And the third point we wanted to make about this Fed rate cut, John Henry, is that if you go back in
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time and you look at the Fed rate cycles since the millennium began, there's been three of them
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when they began lowering rates. Each of those, gold was higher one year later than when the first rate
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cut began. In 2001, it was 3% higher after the first cut that accelerated. And after the first rate cut
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in 2007, gold was 18% higher. And as our debts became more significant, our balance sheet deteriorated,
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our last rate cycle cut began in 19. And a year later, gold was 35% higher than it was at the time
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of the rate cut cycle beginning. So, this is a whole other element to support what we believe is a very
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bullish case for investors to diversify into gold and silver at this moment.
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We've been talking about gold before. The reason why we partnered with St. Joseph's Partners is because
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you guys are, well, first of all, you're Catholic and secondly, you're a man of great faith. And the aim
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is to protect families against what's coming. And it's pretty obvious it's coming. Cardinal Burke said
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last week, is it the last times? It certainly seems so. And in crazy times, we want to have some kind
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of protection. But it seems like just our talk about it and families generally getting, hopefully,
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some gold reserves. If you haven't done that yet, please go to Lifeset. You'll get the link to St.
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Joseph's Partners. Make your investment that way to protect your family. But it seems like nations
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are doing that now as well. What's going on there?
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You're right, John Henry. So, as I think many in the audience are aware, the BRICS currency,
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a new currency formed by a coalition of foreign countries saying that they don't want to be
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exposed to the dollar. They don't want to be dependent on it because we have been fiscally
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irresponsible with our debts. And there's no hope of that changing and us rescuing the purchasing power
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of the dollar. That is not to say it's Armageddon for America or the end for America. But we've had
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several currencies as a nation already. And it is to say these other nations are aware of history.
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And when you can't pay your debts back, purchasing power erodes in the currencies of those nations.
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And so, coincident with this talk about forming a BRICS alliance and coincident with us seeing
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commerce shifting away from the dollar. We used to have the sole reserve currency where everyone
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traded in dollars no matter what nation they were from in the world. We're really in the twilight of
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that. And we are seeing dramatic increases in share and non-dollar trading. But at the same time,
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we're seeing these countries vote in a very material way with their wallets that they're not going to
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wait for this BRICS currency to come out. They're not waiting for anything. They are allocating to gold
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today. So, since we had our last segment, John Henry, and since we last updated viewers,
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there's been a couple of data points that have come out. Russia has said that they are selling
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oil and they're going to swap that asset for gold. The Western press came out and said,
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what a dumb move. Oil you can burn for fuel, but the Western press always talks down gold,
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almost always talks down gold. And they said, gold is this asset that has no utility. I can't eat it.
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I can't wear it. I can't use it for fuel. What Russia is saying, and we're seeing this with the
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other commodity rich nations, is they're saying, yes, it's good to have a real asset, but the ultimate
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utility comes in having the currency that everyone will take. So, if they want to sell their oil,
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but a nation doesn't want oil for what they want to exchange, Russia has confidence. They can buy
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anything they want if they have gold. So, it's a huge statement. We also have evidence that other
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nations are following China's lead and buying gold without announcing it. China has not updated
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their gold reserves for years. In all likelihood, it's probably a multiple of where they last updated
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the world. There's now evidence to suggest Saudi Arabia is doing the same thing, that they're buying
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gold to improve their financial position for the future. We are seeing central banks talking again,
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John Henry, about having a 25% allocation to physical gold, which in their portfolios is being
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optimal based on what they see coming. Now, realize these central banks are the banks that create the
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currencies that we all live and save in. And what these nations are saying is there is a dramatic
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dichotomy in their view between a guarantee and between precedent that matters. Because in America,
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if you buy a bond by the US government, the US government will guarantee you they're going to pay
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you a certain amount of interest. Or if you buy a life insurance policy, they're going to guarantee
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you they're going to give you a certain number of dollars. Or an annuity will give you a guarantee
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like that or a CD. But they cannot guarantee you a return of your purchasing power. So you may have
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more dollars at the end with those interest payments or that insurance payment. But there's
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no guarantee that those dollars are going to purchase as much as they did at the time you made your
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investment. And we see that with people in space today who bought life insurance policies 20 years ago.
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And now the face side of those policies is just minimal compared to what it was at the time of the
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investment. And we had a really interesting real world experience yesterday, John Henry. So we are
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continually, as you know, engaging with investors. And we had the chance to take a deep dive with a fund
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manager who oversees billions in assets. And our point person on this study was a PhD in science. So
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brilliant, as you would imagine. And they came into this meeting, and they were saying,
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you know, we don't think gold deserves more than a 10% allocation. Why do you think so? So we showed
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them our math, saying that baseline, since gold began trading freely in 1971, 20% has been ideal.
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This millennium, 25% has been ideal. And we showed them our evidence that when inflation is strong,
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the number of ratchets even higher. They came back to us and said, you're right.
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You're right. Gold deserves a far higher weighting than Western advisors are recognized.
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So the family store, listen, you are in charge of your assets, of protecting your family.
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If your advisors are telling you, you don't want a 10% allocation to physical gold or more than that,
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it's your responsibility as a good store. Say to your advisor, show me your math.
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And I'll bet you, your advisor doesn't have any math to show you. They're just using talking points
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that they heard somebody else say. They don't have the math to back it up. They do show it to us.
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We want to compare notes. We'll take a deep dive with you. The evidence is clear. The risks are
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building in the financial system with valuations and with our debts. Gold historically, although again,
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it doesn't carry any guarantees, it has been an antidote to debt. And by having a portion of your
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wealth there, it will protect you versus potential drawdowns in financial assets.
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This October 17th and 18th, we are going to be running Rome Life Forum in Exile. We're doing
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that in Kansas City, Missouri. This fine bishop, Bishop Joseph Strickland, sort of in exile,
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is going to be joining us there, as well as Dr. Janet Smith, as well as prophecy expert,
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Xavier Aral, and many more, including a special guest. Hope to see you there.
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Where can people go, Drew, to start to even explore it with St. Joseph's Partners?
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Our website is stjosephpartners.com. Our phone number is 610-326-2000. And we would love to hear
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from you. We thoroughly enjoy our conversation with you. You know, you may be looking at the
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news, many of you, and feel like you're alone. We are so blessed. There are so many wonderful
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people who are out there, patriots, Christians, God-fearing people who are so good, salt of the
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earth. It is extremely encouraging and a pleasure to interact with your groups, with your members and
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followers, John Henry. And Drew, one thing we said the last time we were on, we were talking about
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silver. I know we've talked a bit about gold already. Is it similar for silver right now? What's
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going on with silver? Yes, John Henry. What is good for gold is absolutely good for silver as well.
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And we are very bullish in our opinion on the outlook for silver. To recap for the audience,
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silver continues to be the only real asset in the world that's still trading below the prior
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inflationary peak in 1980. That's an extraordinary data point. And it's an outlier. It's still 40%
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below where it was in 1980. And yet today, the ratio of gold to silver is over 80 times. Historically,
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that's very stretched. And we think there's lots of upside for gold, but we think silver is even more
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uniquely inexpensive here. And when we look at it, John Henry, the silver coming out of the ground
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is about 10 ounces for every one ounce of gold. So a much tighter, tighter ratio. And we're seeing
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demand continue to increase. Even since we spoke last, John Henry, there's been new information out
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about technologies that are harnessing energy in alternative ways. And they're enthused. These
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manufacturers are enthused about the progress they're making in those efficiencies. Those
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efficiencies are often demanding more silver. And we are already in a deficit. This will be the fifth
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consecutive year we mined less silver than we have consumed. And historically, that doesn't last
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forever. And we think it is a very bullish setup for silver as well. We would suggest families have
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both gold and silver. And we are happy to step them through constructing the crafting a model that's
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best based on the feedback they give us as to what's most important to them personally.
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And not to mention, silver is way, way cheaper. So even if you can't invest a lot, you can still
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protect yourself a little with silver. Make sure you tell Drew that you saw our interview and that
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you came from LifeSite with our recommendation. That'd be great. But also, Drew, before you go,
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I wanted to talk to you about this thing you told me before the show started. We were talking about
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confession and you had some news with regard to confession. What was that?
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And we're so blessed to travel and meet all kinds of people from across the nation.
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And two themes have come up in our recent travels. The first is I want to say to everyone,
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don't be discouraged. Satan is so poignant with his attacks. You probably hear all these
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conversations and you think, wow, things are so discouraging. That's what he wants you to hear.
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So you give up, but you don't try. The Holy Spirit and Jesus, they have given us clear precedent,
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right? Good Friday looked like a disaster. It looked like the thousands of followers Jesus had
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had all abandoned him. He was tortured to death. It was the greatest moment in history. That was
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the pinnacle of our existence, that God loved us so much that he would die for us.
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And he is saying to us, when we unite together, the power is off the charts. Even going back to the
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Jewish scriptures, Deuteronomy, there is exponential power that comes from us praying and fasting
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together. So I want to encourage you, don't be discouraged about the outlook. Don't be discouraged
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about perhaps yourself and whether it's financial difficulties or physical ailments, or if there's
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been a death of a loved one, don't be discouraged. You will understand at some point, we all will,
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God's full plan. And I ask you, commit, step up with us, step into the spiritual battle, enlist
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alongside of us. Think about those patriots, right? Our forefathers, our ancestors who died,
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who had the courage and who were so concerned about us that they starved Normandy's beaches
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and were gunned down. They went to Vietnam. They lost their lives. They lost their lives in Korea.
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The policemen, the firefighters, all these people gave everything. We can give a little and pray and fast
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for the nation. So we continue to fast six days a week on the cadence that we talked about Wednesdays
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and Fridays as First Century Ratings say, all Christians are obligated. 24 hours, bread and
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water, have some olive oil, some butter with that. It's actually quite easy. Get 100% whole grain bread.
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It'll be very good for you. You'll have plenty of strength. And then the other days, besides the
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Sabbath, we have bread and water for two meals. We'll have one full meal. So it's a very low sacrifice,
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but it's every day in the model of St. Therese's Little Flower saying, as we're doing this,
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Lord, my sacrifice is tiny. Yours was huge. My altar was love.
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We're out of the Holy Spirit. Bless and protect my family. Renew the church. Renew the country.
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And your prayers will be so powerful. You'll have it as a badge of honor for all of eternity.
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You'll be so glad you did. And something that we just came across that we should never
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considered before, John Henry. I'm embarrassed. And this great idea came to us like really all
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of our good ideas from you, your viewers and the insights you have. And we were talking about
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confessing and its link to healing. And if you think about it in scripture, so many times people
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came to Jesus and they had an ailment and they wanted to be healed. And what did Jesus say to them?
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He said, your sins are forgiven. And you can just imagine the people thinking, I'm not here
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to get my sins forgiven. I'm here to get healed. But then we see after Jesus said, your sins are
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forgiven, the miracles followed. And that was echoed in scripture. We see in James, we are commanded
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from James to confess our sins to one another, not just to God, but to one another. And James says,
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for the healing that that will bring, not just spiritual, but talking about the total healing,
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whatever it is we need, chemical healing, emotional healing. And then, of course, Jesus,
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after he was resurrected, when he was speaking to just his apostles in the lack of hope, did
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explicitly give them the authority to bind and forgive sins. So it may have been a long time
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since you were at confession. You may dread it. You may be looking for healing. We just wanted to
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share that we are hearing about these wonderful graces that are coming from doing that which
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Satan refuses to do. He refuses to admit he's wrong in his pride. And our humbling ourselves and doing
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this as the Lord led us to do. Again, in scriptures, going back thousands of years, we're hopeful we'll
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bring great blessings to you. And when you do see healing, let life's like, no, call us and we'll
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share your story to encourage others. But it is a wonderful reality that we're seeing yet another
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grace the Lord is bestowing upon us at this time. It's a beautiful point. You know, people go to our
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Lord asking for healings and he forgives them their sins to start. And oftentimes people like,
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what was that? He goes on to heal them. But that's actually a powerful lesson in and of itself.
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The healing that many of us are looking for starts with a good confession. That's why
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Father Ripperger was talking about exorcism. And he said, confession is more powerful.
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So absolutely stunning. Drew, thank you so much for sharing with us, not only your financial insights,
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but also your spiritual ones that you've gathered along the way. Once again, my friends,
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if you wish to protect yourselves, your families, go over to St. Joseph's Partners and tell them you
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came from LifeSite, protect your family with whatever you can do to invest in gold and silver,
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to keep you financially stable in these very rocky times. Thank you so much, Drew. God bless you.
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And God bless all of you. And we'll see you next time.