The John-Henry Westen Show - Surviving the Biden Economy： LifeSite launches 100% faith-based precious metals initiative with St Joseph Partners

00:00:00.000 If you look at the price of gold now relative to that money supply, gold is as cheap as it ever

00:00:05.640 has been in American modern history. The risk-reward, I believe, is off the charts for people.

00:00:14.280 There is so much uncertainty in our world today. In fact, there is a real crisis going on in the

00:00:20.760 financial sector. It's really crazy what's going on. People are being debanked, as we saw first

00:00:26.400 with President Trump, then with some of the conservative activists. Just last week, we had

00:00:31.400 a movement for freedom of religion be debanked, as well as Kanye West. So something is going on

00:00:38.920 in the financial sector that's going crazy. Inflation has gone up like nuts, and people are

00:00:43.740 really worried about their economic future. One of the things that you've probably heard a lot about

00:00:50.080 is investment in gold as a way to protect yourself against this, especially against

00:00:56.560 inflation. But, you know, we were considering that at LifeSite because of all the people being

00:01:02.580 canceled and attacked that might be debanked. We're one of the targets. So we've been looking

00:01:05.900 into this for a time. But it's always unsettling. And who do you go with? Who do you work with?

00:01:11.040 Because these are all, you know, financial institutions and people trading in metals.

00:01:15.900 And really, where is your surety? You know, because we've always grounded ourselves in the

00:01:22.060 faith, in being pro-life, and so on. So we're working with a great community. As we were looking

00:01:27.060 into it, I kid you not, someone called us who was actually working in the field, had advertised on

00:01:35.040 LifeSite. And when we got talking to them, we struck up a partnership because we saw that they were

00:01:41.540 so faith-filled that they were already supporting LifeSite in terms of our very controversial stands

00:01:48.360 for much of the world. And we're going to get into that about gold and about who is this investment

00:01:55.320 company or this gold company with whom you can take part and be sure you're on good ground.

00:02:02.820 This is the John Henry Weston Show. Stay tuned.

00:02:11.540 Drew Mason, welcome to the program.

00:02:33.840 Praise be Jesus. Thank you for having me, John Henry. It's a pleasure to be here.

00:02:37.400 Well, let's begin as we always do at the sign of the cross.

00:02:39.080 In the name of the Father, and of the Son, and of the Holy Ghost. Amen.

00:02:45.500 So, Drew, you run a company called St. Joseph's Partners. It does do just that. It trades in gold

00:02:55.060 and silver and sells people gold. First of all, can you tell us how you got into this in the first

00:03:00.200 place? I find this fascinating that you, a faithful Catholic, is doing this. Let us know how you got

00:03:06.220 into this, sort of how and why. Thank you, John Henry. So, I didn't grow up as a gold bull. I grew

00:03:12.240 up loving stocks with my dad, watching all the financial programs. I went to school and majored in

00:03:19.060 finance at a business school, and I worked on Wall Street for about 15 years. And what happened was the

00:03:25.140 culmination of that period, I had been working for about 10 years at Lehman Brothers. And at Lehman

00:03:32.000 Brothers, back in 2007, the stock was trading at $150 a share. And the company really forced

00:03:38.900 employees to take their compensation in company stocks. We had at any time almost a third of our

00:03:44.120 comp tied up. And if you left the company, you forfeited it. So, you really had these handcuffs

00:03:49.780 on. As 2008 progressed and people began becoming concerned about the debts and Lehman, I approached

00:03:58.540 my supervisors and I said, you know, it's kind of concerning looking at our balance sheets. There's

00:04:02.400 so much debt. And they said to me, look, sissy, we've got the number one equity franchise on Wall

00:04:07.880 Street. We've got the number one fixed income franchise on Wall Street. We've been around 100

00:04:11.680 years. What do you think is going to happen? Get back to your desk and work, sissy. I thought, what do I

00:04:16.760 know? You know, we knew there was going to be a problem, but we just hoped. We hoped that everything

00:04:22.560 would be okay. And hope is not a strategy for protecting one's finances. So, I was there at the

00:04:28.660 epicenter of the financial crisis in 2008, working for Lehman Brothers, and it was incredibly painful.

00:04:34.700 All that savings went to zero overnight, and there was nothing we could do about it. So, Barclays bought

00:04:40.340 Lehman. They gave me a job, but I thought, you know, there's that old saying, fool me once, shame on you,

00:04:46.120 fool me twice, shame on me. I thought, if I do this, if I repeat this process, and I take all this

00:04:52.120 pain for my family, I will be unconsolable. And so, every situation I had read about in history where

00:04:57.640 there was a society that had too much debt, it always had the same outcome. When there was too

00:05:02.520 much debt, wealth transitions to gold. And I thought, you know, I don't have to be the smartest

00:05:07.540 bulbo on the shelf. Those probabilities are almost unique. And so, I quit my job. I've been working in

00:05:15.120 precious metals now for over 12 years doing just this, John Henry.

00:05:18.880 Here we are at a very similar point. And it's not only in the United States or in Canada or even

00:05:25.140 only in the West. It's everywhere in the world has gone absolutely crazy with debt because of the

00:05:31.760 whole COVID nonsense, the massive, massive use of funds. All the governments have pumped in cash that

00:05:39.400 they didn't have. So, they're all in hock in probably, I would venture to guess, the worst it's 0.99

00:05:45.360 ever been. And so, really now seems to be a time like none other to invest in gold.

00:05:51.200 I agree with you, John Henry. The analogy for Lehman applies to today. All the world's major

00:05:57.920 currencies are overly indebted. And again, when you look at history, whenever a country's currency,

00:06:03.360 a country's debts have become unpayable, their currencies have compressed in value. And you talk

00:06:08.780 about the record amount of money that is being printed, which is like monopoly money. There's

00:06:13.900 nothing backing it. And if you look at the price of gold now relative to that money supply, we're as

00:06:20.840 cheap. Gold is as cheap as it ever has been in American modern history. The risk-reward, I believe,

00:06:29.000 is off the charts for people because this is unusual. This is unique in financial history. All the major

00:06:34.900 countries are synchronously heading towards an inability to pay their debts. And I think we're

00:06:40.980 starting to really see that in today in a very real way, right? I mean, just this month, we're

00:06:46.120 recording this October of 2022. We just saw Japan intervene in their FX markets for the first time

00:06:52.280 in 25 years because things were coming unglued. We just saw Great Britain was on the verge of a major

00:06:58.080 crisis. I mean, these aren't tiny little third world countries. These are major nations. And then just

00:07:03.600 last week, Janet Yellen admitted she is concerned about liquidity in the American bond markets. I

00:07:09.680 mean, this is the height of finance. And when liquidity problems begin to raise their heads,

00:07:16.060 it should be saying to us that it's time to have a little more caution. And I want to be clear,

00:07:21.640 John Henry, I am not trying to sell Armageddon to anyone in any way. We've never had Armageddon before,

00:07:27.040 and I'm not banking on it in the future. But what we suggest to clients is that you want to look at

00:07:32.120 precedent and the probabilities. And the probabilities are that we're going to have a

00:07:36.680 transition in our financial system here when this has happened in the past. Again, wealth has

00:07:41.080 transitioned to gold, and people want to have some in their portfolios because it has been so positive

00:07:46.860 in helping people avert massive pain. You look at 1929, the Great Depression, stocks fell 80% from

00:07:54.200 peak to trough. Gold was up 70 by the end of the depression. You go back and you look at the crash of

00:07:59.980 1987 of 2000, 2008. Consistently, you see gold has this inverse correlation to these other assets.

00:08:09.280 And when they struggle, gold has shined. Now, people will say gold should be doing even better

00:08:16.440 this year with inflation. Why isn't that happening? And I empathize with that perspective. But people

00:08:23.160 have to realize, again, what we are seeing is totally unnatural. When you look at the basic rules of

00:08:29.820 financing, and John Henry, finance is simple. People who try to make it complex either don't

00:08:35.080 understand it themselves, or they're trying to keep someone as dependent, make them dependent upon

00:08:39.440 them. It's very simple. When inflation or rates go higher, then that means the valuations for stocks,

00:08:47.700 bonds, and real estate compress. Because all those assets are what they call, you can discount the cash

00:08:52.800 flows. And the higher the rate of inflation, it means the less valuable those cash flows are.

00:08:58.560 So the natural functioning markets would have had the bond market prices falling and the yields rising

00:09:04.620 for years. But the Fed, the central banks have injected $10 trillion of artificial demand into the

00:09:12.720 markets. So that has driven bonds literally to levels we've never seen. It's absurd to think we just

00:09:19.120 had negative interest rates that shows you that all the pricing mechanisms are distorted. So as long as

00:09:26.660 we have inflation today, say, at 10%, and the bonds at 3%, you know the discovery mechanism is broken,

00:09:34.680 and the prices of all the major assets are really going to be a mirage. But the summary of that,

00:09:41.060 John Henry, is that when you see that kind of a setup for bonds or stocks, which again are at

00:09:47.200 near all-time highs, even with the pullback we've seen, investors who own those are enjoying this

00:09:55.300 abnormal government privilege that has elevated those assets there. And anyone who buys those today

00:10:00.780 is paying a tax. Whereas this QE subsidy, this QE spending has created a subsidy for us to buy gold

00:10:10.420 more cheaply because the government has artificially decreased demand with these signals that it's

00:10:18.900 sending in the market. So we think the timing is outstanding. To put this hedge in place, the price

00:10:25.680 is very attractive where it is now. The probabilities are very strong. People will be happy they did this.

00:10:33.300 Just a quick note before we return. If you would like to stay up to date on LifeSite's coverage of

00:10:38.060 the latest life, family, and culture news, subscribe to one of our many newsletters by

00:10:42.420 going to LifeSiteNews.com slash subscribe. And if you'd like to help us bring our truth-telling

00:10:48.200 coverage to millions around the world, please consider making a one-time or monthly donation

00:10:52.800 at Give.LifeSiteNews.com. And now, back to the video.

00:10:59.260 Most of us don't have lots of expendable income, you know, and so when we're going to make investments

00:11:06.220 at all, it's got to be in something sure. And even if we're already convinced about gold, well,

00:11:14.080 there's a ton of places online that you can buy gold. But, and the price is actually very,

00:11:21.160 I encourage people to go check it out. And that's why, you know, when we looked at you after you

00:11:27.700 contacted us, we thought, wow, well, let's see what they're about. We looked at your prices and your

00:11:31.520 prices compare very well to everybody else. In fact, they're better than most. So we thought,

00:11:36.340 okay, that's good. But the other thing was that you're overtly a faithful Christian. You call

00:11:42.680 yourselves St. Joseph's partners. And not only that, you're willing to advertise on LifeSite,

00:11:49.320 which is, I think for a lot of people, a pretty controversial thing because we're, you know,

00:11:53.700 in terms of the world anyway, who might be your potential customers. You'd see,

00:11:58.100 you'd be anti-abortion, therefore you're anti-women, or you'd be anti-LGBT, and therefore 0.93

00:12:02.940 you're, you're, you know, you're a hater and a bigot. And how dare you advertise with those?

00:12:07.240 Lots of places have been canceled for, companies have been canceled for daring to stick out their

00:12:13.200 necks for pro-life or pro-family. But you're standing on principle, you're showcasing, even if

00:12:20.800 you will, your faith by having the name St. Joseph's partners. Why would you do that? Wouldn't you

00:12:26.340 think there's a business threat in there? When I started the company, I just felt led

00:12:31.580 to name it St. Joseph partners. And at the time we had Obama in office, and we were talking about

00:12:39.360 the importance of getting God out of every element of society. And so to me, if someone who is so

00:12:46.340 anti-God and who talks about the rules for radicals, which was dedicated, a book dedicated

00:12:51.300 to Lucifer that Obama knew, and they're saying it's so important to get God out of society,

00:12:56.780 that to me means we have to do exactly the opposite. We have to try and bring God back

00:13:01.460 into every element of society. So picking that name was our tiny way of doing that. And to your point,

00:13:08.300 and this may sound crazy, but I think we have to be careful. Often Satan speaks to us through friends.

00:13:14.740 They're very well-intentioned, just like when Peter went to Jesus to try and talk him out of

00:13:19.520 going to the crucifixion, right? So after I named it that, again, I had just come off of Lehman

00:13:24.980 Brothers, right? So I'm bleeding from all orifices, right? Like it's been brutal. You can, if you look

00:13:29.900 closely, you can still see the Lehman scar. It says Lehman across my forehead, right? So I was

00:13:33.620 bleeding. And a dear friend who was extremely successful with, you know, an owner of a multi-billion

00:13:40.260 dollar fund called me and said, what is your problem? You idiot. What are you doing naming your 1.00

00:13:46.340 company? Like they're stepping out like that. You're going to, what are you trying to do? Just

00:13:51.240 run your family over. So hung up from that. And I was, I was really in tears at that point. I'm like,

00:13:57.040 what am I doing? Lord, I'm trying to do what I think you want me to do, but he's right. I have

00:14:02.860 to protect my family. So I said, Lord, I just really need you to confirm that as the, um, as someone

00:14:10.280 trying to provide for my family, this is what you want me to do. I'm hearing you right.

00:14:13.920 So it was one of the few times I opened my Bible and my eyes fell to the story of Shadrach,

00:14:20.460 Neshach and Abednego. When they went into the fire for the Lord and he protected them. I said,

00:14:26.780 okay, Lord, I believe you. Thank you. And I would say that is what the Lord does. If you step out

00:14:33.560 in faith and you trust him, like when Peter stepped out of the boat, even when he started to doubt,

00:14:38.560 it says as soon as he called out to Jesus, he rescued him. So if we step out in faith,

00:14:42.340 I believe the Lord will more than protect us. Um, there's a quote, John Henry, if I could just

00:14:49.820 share here for a second, uh, Medjugorje was an event for me in 1984. So I've been doing firsthand

00:14:56.520 due diligence on this for almost 40 years. And it was extraordinary. And there was a quote from

00:15:02.460 Medjugorje where the mother of God apparently said in her, uh, her presence there, and I think we can

00:15:08.420 prove John Henry, her presence. She said, if you proclaim the gospel courageously, the truth will

00:15:15.260 miraculously win. That's a quote will miraculously win. And I want to say to everyone, you know,

00:15:22.040 have courage. Satan tries to scare you step out. The way easiest way to proclaim the gospel is just

00:15:27.480 say, praise to be Jesus. And that's it. Three words. And you alter your alter, everything around

00:15:33.260 evil has to begin to flee. And so that's been our experience. We've met so many wonderful people,

00:15:39.860 John Henry, um, I think as a result. For us, it was too, it was a great consolation, uh, because as

00:15:45.760 we were looking around trying to figure out who can we work with on this, we don't know the lay of the

00:15:50.320 land. Uh, we know we need to do this financially speaking, but, uh, who do you sort of work with on

00:15:58.040 something like this? Having you call the, seeing your name and, uh, your fidelity on life and family

00:16:04.220 issues, which are the hardest ones today, that was truly a mark of the Lord for us as well.

00:16:09.800 You know, Drew, I wanted to tell everyone too, about, uh, something that we're going to be doing.

00:16:14.980 Um, we're going to be offering, uh, before Christmas, so you can get it for Christmas,

00:16:19.660 a LifeSite round, a one ounce silver round. Um, it's, it's from LifeSite News. It's going to be like

00:16:26.620 a collector's edition. Uh, and it's going to be in commemoration also of the demise of Roe v. Wade,

00:16:33.360 which of course, uh, happened this year with the Dobbs decision. Uh, we want to make that available

00:16:38.220 to you. So, uh, please look for that in the near future. And, uh, Drew, I wanted to give last word

00:16:44.900 over to you. Please, uh, everyone, you're going to be seeing, uh, advertisements for, uh, St. Joseph

00:16:51.020 Partners and being able to, uh, fulfill your, your gold orders as well as soon, uh, the LifeSite round

00:16:58.940 in one ounce silver. Uh, Drew, last word over to you. No one can guarantee you anything financially

00:17:05.660 with any value. And we can't guarantee anything about gold. But what I can tell you is again,

00:17:13.960 the probabilities according to history are so high that you want some of your wealth here,

00:17:19.960 because it will help protect your, uh, your other assets, your portfolio should indeed stresses

00:17:25.740 continue as it looks like they're going to with debts as they are. So we'd be honored to serve you.

00:17:31.040 We have one of the best IRA departments in the world, helping people who may not know you can

00:17:36.020 take a portion of your retirement wealth and protect it without any tax event, a taxable event,

00:17:42.380 and at the same time have it in real gold and real silver. And we'd also be honored if you join us,

00:17:48.060 our, our specific charitable focus is we're trying to build an army who will fast with us twice a week

00:17:54.080 for the restoration of our nation and for the protection of those who risked their lives for us.

00:17:59.280 We think you'll find it incredible in terms of the blessings it brings of protection

00:18:03.920 for you and your families. And we look forward to the pleasure of speaking with many of you

00:18:09.000 in the future. Awesome, Drew. Thanks so much. God bless you and may God bless our partnership together

00:18:15.040 and God bless all of you. And we'll see you next time.

00:18:21.000 Hi everyone. This is John Henry Weston. We hope you enjoyed this video and to see more like this,

00:18:26.820 be sure to hit the subscribe button below to get all the latest content from LifeSite News.

00:18:31.660 So check out our links in the description to read more, sign up for our newsletter,

00:18:36.340 and connect with us on social media so that you can stay up to date with all of the latest life,

00:18:42.020 family, and culture news. Thanks for watching and may God bless you.

The John-Henry Westen Show - November 01, 2022

Surviving the Biden Economy： LifeSite launches 100% faith-based precious metals initiative with St Joseph Partners

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