The John-Henry Westen Show - HAPPENING NOW ｜ Fed Cuts Rates for the First Time in YEARS – race to buy gold!

00:00:00.000 And we showed them our evidence that when inflation is strong, the number of ratchets

00:00:05.020 even higher. They came back to us and said, you're right. You're right. Gold deserves

00:00:09.880 a far higher weighting than Western advisors are recognized.

00:00:19.300 Hey, my friends, there is breaking news in the financial sector. The Fed just cut the

00:00:25.580 interest rate. And it just happened yesterday afternoon. It's very significant. In addition,

00:00:30.560 we've learned that nations are buying up gold reserves like never before. You're going to want

00:00:36.240 to stay tuned to this episode of the John Henry Weston Show with our special guest, Drew Mason.

00:00:42.260 LifeSite News is looking down the barrel of a gun. Far left groups funded by national governments

00:00:47.180 are declaring us to be a hate group because we speak the truth. We are betrayed on every side

00:00:53.040 by politicians and even our religious leaders. But as Christ said, if they are silent, the stones

00:00:59.500 will cry out. LifeSite News and those who support us are the stones, proclaiming the good news that

00:01:05.720 Christ is King. Go to LifeSiteNews.com slash donate to send us your support today. Cry out. Viva Cristo Rey.

00:01:15.600 Drew, very good to be with you. Thank you for having me, John Henry. Let's begin as we always do with

00:01:19.940 the sign of the cross. And if you wouldn't mind, open up with a little prayer for us after that as

00:01:24.300 well. In the name of the Father, and of the Son, and of the Holy Ghost. Amen. Amen. We praise you,

00:01:32.220 Heavenly Father. We praise you, King Jesus. And we praise you, Holy Spirit. We thank you for all of

00:01:37.760 your gifts, your mercies, especially for dying for us, Jesus. Father, this day we ask you to pour out

00:01:43.480 your Holy Spirit upon everyone listening with a grace-filled moment that they will be enlightened

00:01:50.000 by truth. Baptize every person in this audience with the Holy Spirit. Transform their spiritual life.

00:01:57.640 Help us to see truth and see things and want things as you do, Lord. We ask in Jesus' name. Amen.

00:02:05.160 Amen. Amen.

00:02:05.800 Amen. All right, Drew. So, we heard this financial news and wanted to talk to you about it because,

00:02:11.200 you know, none of us really, or very few of us are investors. However, the cut in the federal

00:02:18.320 interest rate means something, but it also means something for our families. If you can explain

00:02:24.240 that to us, what it means, how significant this is, that would be great. Thank you, John Henry. So,

00:02:29.720 yesterday, for the first time in five years, the Fed cut rates. So, it is the beginning of what they

00:02:36.460 call a rate cycle. They're usually not one and done. They happen either raising or lowering rates

00:02:41.740 over months and even years. So, yesterday, they cut the interest rate that they use with the banks by

00:02:47.860 50 basis points or a half of a percent, which is larger than their norm of 25 basis points and suggests

00:02:55.000 they're seeing enough data in the economy that they are concerned about the economy and where

00:03:01.000 we're heading. It also has implications in that that move will likely weaken the dollar on the

00:03:08.320 global stage because foreigners will no longer be paid as much in interest now that the Fed has cut

00:03:15.160 their rates. So, that has an implication for Americans in particular who save in dollars.

00:03:20.920 And the third point we wanted to make about this Fed rate cut, John Henry, is that if you go back in

00:03:27.880 time and you look at the Fed rate cycles since the millennium began, there's been three of them

00:03:33.160 when they began lowering rates. Each of those, gold was higher one year later than when the first rate

00:03:39.500 cut began. In 2001, it was 3% higher after the first cut that accelerated. And after the first rate cut

00:03:46.940 in 2007, gold was 18% higher. And as our debts became more significant, our balance sheet deteriorated,

00:03:55.500 our last rate cycle cut began in 19. And a year later, gold was 35% higher than it was at the time

00:04:04.780 of the rate cut cycle beginning. So, this is a whole other element to support what we believe is a very

00:04:11.340 bullish case for investors to diversify into gold and silver at this moment.

00:04:17.660 We've been talking about gold before. The reason why we partnered with St. Joseph's Partners is because

00:04:23.420 you guys are, well, first of all, you're Catholic and secondly, you're a man of great faith. And the aim

00:04:29.380 is to protect families against what's coming. And it's pretty obvious it's coming. Cardinal Burke said

00:04:35.820 last week, is it the last times? It certainly seems so. And in crazy times, we want to have some kind

00:04:43.120 of protection. But it seems like just our talk about it and families generally getting, hopefully,

00:04:50.360 some gold reserves. If you haven't done that yet, please go to Lifeset. You'll get the link to St.

00:04:55.280 Joseph's Partners. Make your investment that way to protect your family. But it seems like nations

00:04:59.940 are doing that now as well. What's going on there?

00:05:02.360 You're right, John Henry. So, as I think many in the audience are aware, the BRICS currency,

00:05:08.920 a new currency formed by a coalition of foreign countries saying that they don't want to be

00:05:15.080 exposed to the dollar. They don't want to be dependent on it because we have been fiscally

00:05:19.020 irresponsible with our debts. And there's no hope of that changing and us rescuing the purchasing power

00:05:25.740 of the dollar. That is not to say it's Armageddon for America or the end for America. But we've had

00:05:31.820 several currencies as a nation already. And it is to say these other nations are aware of history.

00:05:37.560 And when you can't pay your debts back, purchasing power erodes in the currencies of those nations.

00:05:44.660 And so, coincident with this talk about forming a BRICS alliance and coincident with us seeing

00:05:52.360 commerce shifting away from the dollar. We used to have the sole reserve currency where everyone

00:05:58.320 traded in dollars no matter what nation they were from in the world. We're really in the twilight of

00:06:03.080 that. And we are seeing dramatic increases in share and non-dollar trading. But at the same time,

00:06:10.300 we're seeing these countries vote in a very material way with their wallets that they're not going to

00:06:16.700 wait for this BRICS currency to come out. They're not waiting for anything. They are allocating to gold

00:06:21.280 today. So, since we had our last segment, John Henry, and since we last updated viewers,

00:06:27.520 there's been a couple of data points that have come out. Russia has said that they are selling

00:06:31.680 oil and they're going to swap that asset for gold. The Western press came out and said,

00:06:38.220 what a dumb move. Oil you can burn for fuel, but the Western press always talks down gold, 0.98

00:06:44.220 almost always talks down gold. And they said, gold is this asset that has no utility. I can't eat it.

00:06:50.380 I can't wear it. I can't use it for fuel. What Russia is saying, and we're seeing this with the

00:06:57.100 other commodity rich nations, is they're saying, yes, it's good to have a real asset, but the ultimate

00:07:03.480 utility comes in having the currency that everyone will take. So, if they want to sell their oil,

00:07:10.800 but a nation doesn't want oil for what they want to exchange, Russia has confidence. They can buy

00:07:15.880 anything they want if they have gold. So, it's a huge statement. We also have evidence that other

00:07:23.600 nations are following China's lead and buying gold without announcing it. China has not updated

00:07:30.280 their gold reserves for years. In all likelihood, it's probably a multiple of where they last updated

00:07:37.420 the world. There's now evidence to suggest Saudi Arabia is doing the same thing, that they're buying

00:07:42.980 gold to improve their financial position for the future. We are seeing central banks talking again,

00:07:49.960 John Henry, about having a 25% allocation to physical gold, which in their portfolios is being

00:07:56.820 optimal based on what they see coming. Now, realize these central banks are the banks that create the

00:08:03.020 currencies that we all live and save in. And what these nations are saying is there is a dramatic

00:08:09.220 dichotomy in their view between a guarantee and between precedent that matters. Because in America,

00:08:16.720 if you buy a bond by the US government, the US government will guarantee you they're going to pay

00:08:22.940 you a certain amount of interest. Or if you buy a life insurance policy, they're going to guarantee

00:08:27.480 you they're going to give you a certain number of dollars. Or an annuity will give you a guarantee

00:08:31.920 like that or a CD. But they cannot guarantee you a return of your purchasing power. So you may have

00:08:40.440 more dollars at the end with those interest payments or that insurance payment. But there's

00:08:45.660 no guarantee that those dollars are going to purchase as much as they did at the time you made your

00:08:51.440 investment. And we see that with people in space today who bought life insurance policies 20 years ago.

00:08:57.520 And now the face side of those policies is just minimal compared to what it was at the time of the

00:09:02.920 investment. And we had a really interesting real world experience yesterday, John Henry. So we are

00:09:09.460 continually, as you know, engaging with investors. And we had the chance to take a deep dive with a fund

00:09:16.440 manager who oversees billions in assets. And our point person on this study was a PhD in science. So

00:09:25.800 brilliant, as you would imagine. And they came into this meeting, and they were saying,

00:09:30.700 you know, we don't think gold deserves more than a 10% allocation. Why do you think so? So we showed

00:09:37.500 them our math, saying that baseline, since gold began trading freely in 1971, 20% has been ideal.

00:09:45.600 This millennium, 25% has been ideal. And we showed them our evidence that when inflation is strong,

00:09:51.780 the number of ratchets even higher. They came back to us and said, you're right.

00:09:57.020 You're right. Gold deserves a far higher weighting than Western advisors are recognized.

00:10:02.100 So the family store, listen, you are in charge of your assets, of protecting your family.

00:10:08.500 If your advisors are telling you, you don't want a 10% allocation to physical gold or more than that,

00:10:13.500 it's your responsibility as a good store. Say to your advisor, show me your math.

00:10:17.580 And I'll bet you, your advisor doesn't have any math to show you. They're just using talking points

00:10:23.960 that they heard somebody else say. They don't have the math to back it up. They do show it to us.

00:10:28.580 We want to compare notes. We'll take a deep dive with you. The evidence is clear. The risks are

00:10:34.480 building in the financial system with valuations and with our debts. Gold historically, although again,

00:10:41.260 it doesn't carry any guarantees, it has been an antidote to debt. And by having a portion of your

00:10:47.240 wealth there, it will protect you versus potential drawdowns in financial assets.

00:10:54.780 This October 17th and 18th, we are going to be running Rome Life Forum in Exile. We're doing

00:11:01.880 that in Kansas City, Missouri. This fine bishop, Bishop Joseph Strickland, sort of in exile,

00:11:06.740 is going to be joining us there, as well as Dr. Janet Smith, as well as prophecy expert,

00:11:12.460 Xavier Aral, and many more, including a special guest. Hope to see you there.

00:11:18.920 Hope to see you there.

00:11:20.140 God bless you. RomeLifeForum.com. Sign up now.

00:11:24.680 Where can people go, Drew, to start to even explore it with St. Joseph's Partners?

00:11:30.840 Our website is stjosephpartners.com. Our phone number is 610-326-2000. And we would love to hear

00:11:41.380 from you. We thoroughly enjoy our conversation with you. You know, you may be looking at the

00:11:46.240 news, many of you, and feel like you're alone. We are so blessed. There are so many wonderful

00:11:51.080 people who are out there, patriots, Christians, God-fearing people who are so good, salt of the

00:11:56.920 earth. It is extremely encouraging and a pleasure to interact with your groups, with your members and

00:12:03.020 followers, John Henry. And Drew, one thing we said the last time we were on, we were talking about

00:12:07.620 silver. I know we've talked a bit about gold already. Is it similar for silver right now? What's

00:12:12.560 going on with silver? Yes, John Henry. What is good for gold is absolutely good for silver as well.

00:12:18.460 And we are very bullish in our opinion on the outlook for silver. To recap for the audience,

00:12:23.840 silver continues to be the only real asset in the world that's still trading below the prior

00:12:29.780 inflationary peak in 1980. That's an extraordinary data point. And it's an outlier. It's still 40%

00:12:35.900 below where it was in 1980. And yet today, the ratio of gold to silver is over 80 times. Historically,

00:12:43.460 that's very stretched. And we think there's lots of upside for gold, but we think silver is even more

00:12:49.000 uniquely inexpensive here. And when we look at it, John Henry, the silver coming out of the ground

00:12:54.200 is about 10 ounces for every one ounce of gold. So a much tighter, tighter ratio. And we're seeing

00:13:00.240 demand continue to increase. Even since we spoke last, John Henry, there's been new information out

00:13:06.260 about technologies that are harnessing energy in alternative ways. And they're enthused. These

00:13:13.340 manufacturers are enthused about the progress they're making in those efficiencies. Those

00:13:18.300 efficiencies are often demanding more silver. And we are already in a deficit. This will be the fifth

00:13:23.620 consecutive year we mined less silver than we have consumed. And historically, that doesn't last

00:13:30.200 forever. And we think it is a very bullish setup for silver as well. We would suggest families have

00:13:35.320 both gold and silver. And we are happy to step them through constructing the crafting a model that's

00:13:41.840 best based on the feedback they give us as to what's most important to them personally.

00:13:46.740 And not to mention, silver is way, way cheaper. So even if you can't invest a lot, you can still

00:13:52.200 protect yourself a little with silver. Make sure you tell Drew that you saw our interview and that

00:13:57.500 you came from LifeSite with our recommendation. That'd be great. But also, Drew, before you go,

00:14:00.900 I wanted to talk to you about this thing you told me before the show started. We were talking about

00:14:05.500 confession and you had some news with regard to confession. What was that?

00:14:10.980 And we're so blessed to travel and meet all kinds of people from across the nation.

00:14:16.300 And two themes have come up in our recent travels. The first is I want to say to everyone,

00:14:20.780 don't be discouraged. Satan is so poignant with his attacks. You probably hear all these

00:14:26.080 conversations and you think, wow, things are so discouraging. That's what he wants you to hear.

00:14:31.680 So you give up, but you don't try. The Holy Spirit and Jesus, they have given us clear precedent,

00:14:37.120 right? Good Friday looked like a disaster. It looked like the thousands of followers Jesus had

00:14:42.020 had all abandoned him. He was tortured to death. It was the greatest moment in history. That was

00:14:48.320 the pinnacle of our existence, that God loved us so much that he would die for us.

00:14:54.040 And he is saying to us, when we unite together, the power is off the charts. Even going back to the

00:15:01.240 Jewish scriptures, Deuteronomy, there is exponential power that comes from us praying and fasting

00:15:07.220 together. So I want to encourage you, don't be discouraged about the outlook. Don't be discouraged

00:15:12.860 about perhaps yourself and whether it's financial difficulties or physical ailments, or if there's

00:15:19.360 been a death of a loved one, don't be discouraged. You will understand at some point, we all will,

00:15:25.680 God's full plan. And I ask you, commit, step up with us, step into the spiritual battle, enlist

00:15:31.780 alongside of us. Think about those patriots, right? Our forefathers, our ancestors who died,

00:15:38.600 who had the courage and who were so concerned about us that they starved Normandy's beaches

00:15:44.120 and were gunned down. They went to Vietnam. They lost their lives. They lost their lives in Korea.

00:15:48.560 The policemen, the firefighters, all these people gave everything. We can give a little and pray and fast

00:15:54.800 for the nation. So we continue to fast six days a week on the cadence that we talked about Wednesdays

00:16:01.380 and Fridays as First Century Ratings say, all Christians are obligated. 24 hours, bread and 0.98

00:16:06.620 water, have some olive oil, some butter with that. It's actually quite easy. Get 100% whole grain bread.

00:16:12.040 It'll be very good for you. You'll have plenty of strength. And then the other days, besides the

00:16:16.180 Sabbath, we have bread and water for two meals. We'll have one full meal. So it's a very low sacrifice,

00:16:21.440 but it's every day in the model of St. Therese's Little Flower saying, as we're doing this,

00:16:26.680 Lord, my sacrifice is tiny. Yours was huge. My altar was love.

00:16:32.560 We're out of the Holy Spirit. Bless and protect my family. Renew the church. Renew the country.

00:16:37.120 And your prayers will be so powerful. You'll have it as a badge of honor for all of eternity.

00:16:41.360 You'll be so glad you did. And something that we just came across that we should never

00:16:45.700 considered before, John Henry. I'm embarrassed. And this great idea came to us like really all

00:16:51.760 of our good ideas from you, your viewers and the insights you have. And we were talking about

00:16:57.180 confessing and its link to healing. And if you think about it in scripture, so many times people

00:17:07.300 came to Jesus and they had an ailment and they wanted to be healed. And what did Jesus say to them?

00:17:12.760 He said, your sins are forgiven. And you can just imagine the people thinking, I'm not here

00:17:17.340 to get my sins forgiven. I'm here to get healed. But then we see after Jesus said, your sins are

00:17:22.060 forgiven, the miracles followed. And that was echoed in scripture. We see in James, we are commanded

00:17:29.780 from James to confess our sins to one another, not just to God, but to one another. And James says,

00:17:36.680 for the healing that that will bring, not just spiritual, but talking about the total healing,

00:17:41.120 whatever it is we need, chemical healing, emotional healing. And then, of course, Jesus,

00:17:46.520 after he was resurrected, when he was speaking to just his apostles in the lack of hope, did

00:17:51.520 explicitly give them the authority to bind and forgive sins. So it may have been a long time

00:17:58.720 since you were at confession. You may dread it. You may be looking for healing. We just wanted to

00:18:06.480 share that we are hearing about these wonderful graces that are coming from doing that which

00:18:13.480 Satan refuses to do. He refuses to admit he's wrong in his pride. And our humbling ourselves and doing

00:18:19.620 this as the Lord led us to do. Again, in scriptures, going back thousands of years, we're hopeful we'll

00:18:26.140 bring great blessings to you. And when you do see healing, let life's like, no, call us and we'll

00:18:33.580 share your story to encourage others. But it is a wonderful reality that we're seeing yet another

00:18:39.260 grace the Lord is bestowing upon us at this time. It's a beautiful point. You know, people go to our

00:18:44.320 Lord asking for healings and he forgives them their sins to start. And oftentimes people like,

00:18:53.500 what was that? He goes on to heal them. But that's actually a powerful lesson in and of itself.

00:18:59.520 The healing that many of us are looking for starts with a good confession. That's why

00:19:04.380 Father Ripperger was talking about exorcism. And he said, confession is more powerful.

00:19:10.860 So absolutely stunning. Drew, thank you so much for sharing with us, not only your financial insights,

00:19:16.060 but also your spiritual ones that you've gathered along the way. Once again, my friends,

00:19:20.260 if you wish to protect yourselves, your families, go over to St. Joseph's Partners and tell them you

00:19:29.040 came from LifeSite, protect your family with whatever you can do to invest in gold and silver,

00:19:34.020 to keep you financially stable in these very rocky times. Thank you so much, Drew. God bless you.

00:19:40.000 Thank you, John Henry.

00:19:41.240 And God bless all of you. And we'll see you next time.

00:19:50.260 God bless you.

The John-Henry Westen Show - September 19, 2024

HAPPENING NOW ｜ Fed Cuts Rates for the First Time in YEARS – race to buy gold!

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