Brannon Howse: Wes Peters joins us now. Lots of news out there today about what's going on economically. One of the headlines shows that the dollar is cracking. We also have banks that are, well, according to one expert, insolvent. Something we've been saying for years here. They use traditional counting and the counted in the derivatives and everything else you would come to realize most of your banks are belly up. This is a house of cards and many think it's about to come down. We'll get into that right now with our friend Wes Peters. I invited Wes to join us tonight to respond to some of these headlines. Next week, we'll have Rebecca Walser back on to talk about your private retirement accounts and 401. K's and your state pensions. What's about to happen to all of those? We'll get into that next week. You don't want to miss that. In the meantime, here is none other than Wes Peters. Wes, welcome back.

Wes Peters: Hey, Brandon. Good evening. How are you? How are you doing tonight?

Brannon Howse: I am great, Wes. Thank you. Appreciate you wearing the suit and tie for me tonight. That's great. Thank you. Well, I'm just messing with you. A little time crunch. Yeah, because your phone, your phones are ringing off the hook, that's why, right?

Wes Peters: Yeah, exactly. Exactly. It's a good problem to have, though.

Brannon Howse: It is. People are waking up and it is. Yeah. Here. Here is the headline. Here's the headline. Hard Data. That confidence in the dollar is Cracking brings us to an article over at Sovereign Man Hard Data. The confidence in the dollar is cracking. And this is one of many headlines today showing that the death of the dollar is not far off. Here's another one. Bank failures A push for central bank digital currencies. This is Armstrong economics. He said, hey, I think some of this might be coordinated so that they'll have just to push everybody into the cattle shoot of central bank digital currencies and control us and carbon credits and social credit scores and ESG. I mean, the headlines out here today, there are many. Here's one. Rfk Jr says Climate change is being exploited to push totalitarian controls. Oh, boy. Here's another one. About half of us worry about the money. Their money's safety in the banks. Half of American banks are potentially insolvent. Those two headlines are right there. Then you add in shares of Pac-west crash is banking panic returns. Respond to these and particularly the PAC West banking. What's going on there?

Wes Peters: Yeah, exactly, Brandon, I'll tell you, it's the perfect storm is rolling in, that's for sure. These banks have a big uphill battle that they're fighting right now. Just today, PAC West at one point was down 51%. You know, it's a California-based bank and there are a lot of banks. If you looked at some of these smaller regional banks and you look at their stock prices, they're getting crushed. Year to date, PAC West is down 81.39% in a year. And we know what they're fighting right now is the Fed raising rates and our government continuing to spend money countering that. And the position these banks have gotten themselves into is they invested for the long term a couple of years ago into 30-year treasuries and bonds and types of investments that are paying a much lower rate of return than you can get on a one-month CD right now. So they can't if they would have to get out of those long-term positions, too, and they would have to do it at a loss. And, you know, if that's why the money is fleeing these banks right now, I got the numbers here just.

Brannon Howse: Was this the graphic you want me to show tonight? Is this one of them right here?

Wes Peters: Yes, that's a five-year did that off of Charles Schwab today, a five-year, five-year CD. Look at how each year it decreases. Do you want to lock your money in for five years and get 4.5%, Brandon, or do you want to lock it in for a year and get 5.15? Wow.

Brannon Howse: Yeah, I'll go with the year.

Wes Peters: I mean, that's what the banks are facing. And just from February to March, according to the Federal Reserve data, $177 billion flowed out of banks in one month.

Brannon Howse: Whoa, whoa.

Wes Peters: $177 billion. February to March.

Brannon Howse: Okay, Well, but the problem is these banks already are having liquidity problems. This is only going to make it worse. Right. And why would you leave your money in the bank?

Wes Peters: Why would you leave your money in the bank for the risk, number one? But number two, you can go get an A CD for a month and make 4.9% in a month. Why leave your money in the bank paying nothing? So they have that money fleeing. And because of that, also that same month, bank deposits were down 22%. So not only are they losing money from people withdrawing, but people aren't adding to their bank accounts. They're going elsewhere to get a higher rate of return or stuffing it under the mattress.

Brannon Howse: So is this a soft run on the banks? Has already started.

Wes Peters: Oh, yeah. Yes. Yeah. And keep in mind, people have to keep in mind this continues a domino effect and, you know, fear, fear and panic set in with social media nowadays. You know, they could say that JP is in trouble. And if that starts spreading, even if it's not true, those larger banks aren't in trouble. People are going to be flocking to get their money out of these institutions. And when it gets too bad, people have to keep in mind you could have $100,000 in a bank and you could go there and say, I want to take all my money out. And they could look at you and say, Sorry, Brandon, all we can give you today is $500. No. I'd like to close my account today. Well, see, all those people that were in line before you and all the people that are in line behind you, guess what they were here to do? They were here to close their accounts as well. But all we can give you today is 500 bucks or whatever the number is. They can stop you from emptying your bank account at any time.

Brannon Howse: Here's a headline. Look at this. The banking crisis will escalate if commercial real estate collapses. Gold could reach 3020 24. So says Andrew Axelrod. Well, what do you make of that?

Wes Peters: Well, you think about it. You look at all the examples of the companies that. Let our employees go home for COVID and then found out how much more productive they were and how much happier they were because they didn't have a 45-minute commute each way in rush hour traffic. And they're letting those people work at home. So there are a lot of companies out there that have this big office space that they no longer need, and they're going to be downsizing into smaller and smaller real estate. And that is a big thing. Was trying to find a video with Elon Musk talking about that as well. I can't locate it right now, but that's the big next shoe to drop. And that the commercial real estate market is huge. And with the headwinds these banks are already facing, with the Fed raising interest rates, making that more appealing for people not to put their money in the bank and to get into CDs and money market accounts, um, inflation, increasing rates, the withdrawals from the banks. And now if we have a big, you know, commercial real estate crunch again, it's going to be a domino effect. And I think it's going to get to a point where, you know, Jp Morgan just bought the last bank that failed. Maybe next time they'll have Wells Fargo pick up the next one and then Bank of America pick up the next one. And I just think we're going to get to a point where we have a handful of large banks that the government at some point takes over and they're controlling everything.

Brannon Howse: Look at this headline here. This one is PAC West stock, down 51% as the regional lender could be the next bank to fall. But any news tonight on who's picking up PAC West and what's going to happen here?

Wes Peters: Um, not yet, no. They're still trying to remain solvent. There have been a couple of mergers between some other first horizon that's in your neck of the woods. That's a Memphis bank-based bank. The fourth largest bank in the southwest. Southeast. Today, their stock fell 40% before closing down 33% at $10.06.

Brannon Howse: So this thing is spreading.

Wes Peters: Right. Right.

Brannon Howse: And, these smaller banks, the headline here's the headline, Regional Bank Crisis Spreads to Big Banks as PAC West US Bancorp Tumble Stocks Dump amid Widespread Liquidations. So this was yesterday. This is today. This is Thursday today. So here it is. So what you're telling me is this contagion is already spreading.

Wes Peters: Correct. And some of these smaller banks I'm.

Brannon Howse: Sorry to interrupt, but tomorrow's Friday. Yeah. What normally happens on Friday? Wes? They announce. Normally they announce. That's when they announce bank failures.

Wes Peters: Well, yeah. Late. Yeah, late in the day. So what will tomorrow bring? Well, that's that's the big that's the big unknown. You know, again, it's I think the writing's on the wall. And some of these smaller banks, these smaller regional banks are scrambling and trying to team up and merge. There was a deal that just fell through they were trying to merge a couple of banks and it didn't work out. But again, I just think you look at after the 2008 financial crash, there were a couple hundred I think it was 260 banks that were bought up by the big banks. And we're just going to see more of that.

Brannon Howse: So all right. So I don't give financial advice. I give a financial opinion. What's your opinion people should be doing?

Wes Peters: Well, we've always talked about physical, tangible assets, real estate, gold, and silver. You know, getting some of your money into hard, tangible assets. And the beauty of gold and silver, you know, central banks are dumping the dollar like never before. They do not want dollars. They're converting those dollars to gold. And the reason why is they know what's going to happen to the dollar. It will be replaced with a digital currency. It's coming. There's no if, ands, or buts about it. And those of us that have gold, gold, and silver, when that happens, will be able to convert our gold and silver into whatever currency they introduce. And I can assure you we're going to be in a much better financial position than our friends and family members that did nothing to prepare, that is tied to a US dollar that's going to get crushed. I just heard I haven't looked up, looked it up. But one of my associates told me today that they're talking about the trillion-dollar token again.

Brannon Howse: The what?

Wes Peters: The trillion-dollar token for our debt. They're going to make these trillion-dollar tokens representing our debt.

Brannon Howse: And what are they going to do with the $1 trillion token? You buy.

Wes Peters: It? I have no idea. And that just again, goes to show you how. Ridiculous. Our fiat currency is they're going to represent $1 trillion with a token. You know, it's people.

Brannon Howse: Have lost their ever-living minds. Um, I want to show you another headline. I mean, if this wasn't a reason if this wasn't a reason to look at investing in something like precious metals, I'm trying to get the guy that's laying there on the there's a guy laying there on an lounge chair sunning himself nude in California. They've blurred the picture, but I don't want to see it or think about it.

Wes Peters: Yeah, don't show that.

Brannon Howse: What a disgusting state that's become. Sadly, the poor people in friends of mine that still live there. Anyway, JPMorgan CEO suggests Government Seize private property to Quicken Climate Initiatives. Oh well. Hey. Hey. Maybe this is another reason to own precious metals, particularly numismatic 1933 and older that are off the grid and what's legally supposed to be private. And because I mean, you have too much property, then guess what? They might just decide to take it. Eminent domain. Boom. Done. Yep.

Wes Peters: Well, and in my conversations, Brandon, you know, I talked to a lot of people every day. And, you know, I have people that will tell me, you know, I'm not going to use that digital currency. I won't convert to it, you know, and I tell them, we'll start practicing tomorrow and stop using the dollar and see how you pay your mortgage and your health insurance and your car insurance. And we're going to have to use whatever currency our government introduces. But what my clients can do, they put however much ten grand, 100 grand into physical gold and silver. And we go to that new currency and they've got stuff that's off the radar, so to speak, and we go to that currency. They can say, Well, I guess we're here. We're going to need some of that funny money, you know, give us whatever $10,000 equates to. And I would say, okay, here's what I want you to send me. Send me these gold pieces, silver pieces. We can convert it to that new currency and they don't have to do it all at once. They can keep the rest of the stuff off the radar and use it as they need it. Whenever that ten grand is gone, they need some more money. Okay. I want you to send me this, this, and this, and they ship it to me. We cut them a check based on whatever currency we're dealing in at the time. And and they can keep, you know, hold back and not convert everything all at once.

Brannon Howse: And that's their hedge against inflation. So if we go to hyperinflation, their gold or silver is going up per se it's the dollar going down, which makes it look like gold and silver are going up, but they have a hedge against inflation that's so that they will have something of value to keep trading in, as you say, as they need it. They trade in as they need it, but they don't want to trade out of it if they don't have to and they don't want to trade out of it, I don't think all at once because again, they're having that hedge of inflation with that gold. So as they trade it in and repair the roof, trade it in and buy a new car, trade it in. Right. That money, that purchasing power is being preserved by being in that gold and silver while the dollar is being destroyed and they just trade it in. They get they've preserved their purchasing power no matter what the dollar has gone to, it's going up based on the dollar going down. They're preserving their purchasing power, but they're only going to trade that in as they need it and then spend it immediately for whatever emergency or update they need to make. But leaving the balance back in that precious metal to offset that hyperinflation and not to mention the confiscation, Right?

Wes Peters: Yep, absolutely. And you know, you look at the debt ceiling, we haven't even talked about the debt ceiling. Now Janet Yellen saying we're going to be maxed out, what, next month? They move the goalposts again. Wasn't it supposed to be like July or August when they had to have the new debt ceiling deal done and now they're saying next month? So I already know people. You know, gold was over $2,050 an ounce today. And I know some people are going to be saying, oh, we missed the boat, it's too late. We missed the boat. You know, and I don't think we've seen anything yet. Just like that. One of the articles you put up said we could see $3,000 an ounce of gold next year. You know.

Brannon Howse: You could see $8,000 gold in the next two, three, or four weeks if the whole system collapses. Yep. I mean, that's my opinion. I mean, if the whole system collapses, could it not go there?

Wes Peters: Yeah. I mean, you know me, Brandon. I've always been one to try and under-promise.

Brannon Howse: Overdeliver.

Wes Peters: Yeah. Yeah. I've never been one to give dates or how much I think things are going to go. All I know is with what's going on in this country and the people running this country and where we are today, are you going to rely on our federal government to straighten this out and turn things around? These people couldn't run a small lemonade stand successfully.

Brannon Howse: A government, as I reported in the news tonight, a federal government that has now spent federal agencies such as the Internal Revenue Service and the Environmental Protection Agency have spent 33. $7 billion in taxpayer dollars on guns, ammunition, and other, quote, military-style equipment, according to the watchdog group Open Books. So the government now spent three. 4.7 billion. And these are the government agencies. I'm not talking about the military. I'm talking about the IRS. I'm talking differently. Why on earth do these government agencies like that need submachine guns? I mean, what are they preparing for?

Wes Peters: You know, I've thought to myself that maybe, you know, I spent eight years in the Marine Corps. I know a lot of people in the Marine Corps are conservatives, and maybe our government knows that our US military, many of them, would never turn against the US citizens to enforce their crazy martial law if we got to that point. So politics is full of, you know, far-left people. So fill up the IRS and Homeland Security and all these people with far-left lunatics and arm them, you know, and that's just my thoughts on it. That doesn't mean that it's true or anything, but it's possible. And again, looking back at the people that run this country, Brandon, this all happened in one day, and one day the secretary of education could not define a female refused to the head of the ATF, could not define an assault weapon, and said, I don't know much about weapons. I'm the head of the department, but I don't know much about weapons. But we have people that couldn't define that. The head of homeland security was before Congress again telling people that our border was secure. Didn't believe that one of the questions was so that the head of the Border Patrol, you don't believe what they're saying when they're saying the border is not secure. In this case, no, I do not agree with him. Our border is secure. Um, there was one more that happened also that I can't think of now, but department heads from our government were in front of different Congress, different boards and stuff and just you have to shake your head about what is going on in this country. I mean, they have an agenda and they're doing a lot of this stuff on purpose. So again, I just encourage people to do everything they can to be prepared and do not rely on the government for anything.

Brannon Howse: Do you want to get a free packet of information? No obligation-free packet. They just do what was.

Wes Peters: Can text or text or call my cell phone number. (602) 558-8585. Um, I'll be happy to get some information out. They can do some homework, and jot down any questions we get. Schedule a free no obligation educational call. Here's all the information. We again try and explain everything and we even bring up stuff that, you know, people say, Oh, I don't know what questions to ask. Well, that's fine because as we're explaining stuff, that's probably going to lead to some questions you may have. So just do your homework. And if you have a financial professional or a financial advisor, a stockbroker, they are not the vast majority of them are not going to say, Yeah, I think that's a great idea. You should buy gold and silver.

Brannon Howse: No. Why? Why are they not going to say that?

Wes Peters: Because they don't sell it. And if they hear you say that, that means, A, they have more money that you could be giving them to invest. Or B, you're thinking about taking some of the money they currently manage and they don't like that. They get paid continually for whatever you give them. They get bonuses for assets under management 12 one B fees. It's a nice residual income for them. And I would say, are they managing your money, especially anyone that was in bonds before right when COVID started? If you didn't get a phone call telling you you need to get out of those bonds, you should fire whoever manages your money because they're not managing your money. They're taking your money and letting it sit there. And then they probably don't even call you. But when you call them, they say, oh, you know what, Brandon, come on, we've seen this before. Markets go up, they go down. Remember 2008, we had this conversation. And now look at what you made from 2008 to 2020. Everything's going to be fine. You know, But if they were managing your money, they would have gotten you out. So you could sit on the sidelines for 12 to 18 months, and not lose a dime. And then when everything cratered, if you wanted, you could jump back in and buy those same investments, you know, for a fraction of the cost. Yeah, but they don't do that. They don't manage your money. They take your money and let it sit there and then give you the same song and dance every time. Yep.

Brannon Howse: (602) 558-8585. Throw that number. There it is on the bottom under his name. Call or text. Just give them your name and address. They'll send the packet out to you and then you can talk with him. 6025588585 6025588585. Learn What is the difference between bullion and numismatic 1933 and older that numismatic provides that privacy. Learn about how to put gold in your IRA and a lot of other questions that we can answer for you. (602) 558-8585. As always, Wes, thanks for being with us. Appreciate it.

Wes Peters: obligation-freehand you. Keep up the great job. We appreciate it.

Brannon Howse: You, too, Wes Peters checking in from Swiss America. One of my friends now, about 17 years or so.

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