John Fredericks Radio Network Partners with Birch Gold Group

Thanks for being with us. Going to talk a little economics, a little tariffs, a little topsy-turvy stock market. Well, the gangster banksters and the hedge funders, well, they’re going nuts because they’re not going to get their quarterly million-dollar bonus coming out of lower Manhattan because President Trump is trying to fix the American economy long-term.

So, of course, the stock market goes down, and they all whine to Howard Lutnick, and he always says, we’re not really going to implement the tariffs. It’s just kind of a negotiating thing. Stop.

This country is on the verge of bankruptcy. We have got to do something. We’ve got to get it manufactured back.

In the meantime, stocks are going to go down. So what? Then they’ll go back up after we fix the country, but you’re going to have to have the courage to withstand it. Now, joining me now in order to break all this down, our long-time economic guru here on the John Fredericks Media Network is Philip Patrick.

Birch Gold, he is special precious metal specialist. I always get that wrong. 10 years, I’m still saying it wrong.

Precious metal specialist, but I like just calling him our economic guru. Philip, thanks for being with us. Thank you so much for having me, John, as always.

So I’m a little callous to the stock market because I think it’s rigged. I’ve been saying that for years. It’s rigged against the little investor because we don’t have the algorithms to be able to react.

And so a lot of the things go up and down and people end up selling in a panic and they lose all their money. So I’m not a big believer in it. That’s why I’ve got all my retirement in gold.

That’s just me. I’m not telling anybody what to do. But I was buying it at 15.

Now it’s at 29. I’m in pretty good shape. But that’s just me.

Let’s get to the reality of what is going on here, Philip. I want to start with the stock market. Trump’s going to put tariffs.

He just the other day said, OK, Ontario says, well, we’re going to put a tariff on energy. Trump says, fine. Aluminum and steel now 50 percent.

Have a nice day. How is this going to affect the economy, Philip, and why all the panic on Wall Street? Look, I think that personally, investors are starting to realize that the Trump administration are going to push their agenda, even if growth takes a hit and investors panic. And I think your summary coming into this was was very good.

We’ve been living on cheap money and out of context of reality for the last 15 years. And anyone that thinks that we can go from that to economic boom again, it’s just not how things work. We’ve been building and building and building a bubble.

And at some point, we’ve got to let the air out of that bubble if we’re going to rebuild. And that’s exactly what’s happening. It’s exactly what the administration have been telling us for the last nine months.

So, I mean, over the past, over the weekend, last weekend, Trump goes on, Maria Bartiromo, Sunday Futures, Fox News. We all really like Maria. And he says, look, she says, is there going to be a recession? And he says, look, I don’t like to make those kind of predictions, but there might be a little blip in the economy, you know, might be a disruption while we figure this out, while we try to fix a long term proposition as a sovereign nation.

I mean, it’s incredible for me to sit there and then these people go crazy. They’re all whining to the cabinet, oh, my God, you know, stocks went down for two days. The sky is falling.

It’s the end of the world. I mean, the guy is trying to put in a long term solution for a country that is going off the financial cliff and is going to go bankrupt. And yet everything is now short term again, Philip.

What are we going to get? What are we going to get these Republicans to have a spine and stop the cowardice reaction and say, look, might be some short term pain. We’re going to fix the country long term game. We’re all going to be better off.

When are we going to see that? When are we going to see a spine in politicians? So that’s a tough question to answer. We don’t have too many with a spine today. But look, what you’re saying is absolutely correct.

President Trump at a high level is reminding us that business as usual simply cannot continue. He’s telling us that what he wants to do is build a strong country, right? That’s going to take time. We’ve got the biggest national debt in the history of mankind.

And the guy’s been in for less than 100 days. And people are worried about volatility. Look, this is part of the plan.

An important part of building a strong country is having the courage to push through that period of transition when you want to make a big change, whether it’s your country or changing your life. Things get worse before they start to get better. And that’s what we’re talking about.

It’s what we have to get through. That’s the reality. It’s as simple as that.

And whether people develop a spine or not, it doesn’t change the reality of the situation is what we have to do. You know, China has a 100-year plan. The president is asking for basically a one-year plan.

One year. That’s it. Not 100, one.

Because we could never have a 10-year plan. I mean, people’s heads would explode. But we’re driven in a quarter-to-quarter economy completely manifested by the gangster banksters fleecing people on Wall Street.

And that’s my language. I’ve been saying it forever. Everybody knows what I believe.

The whole thing’s rigged. So we got these hedge funders and these lower Manhattanites that are driving the economy to make decisions on a quarter-by-quarter basis. How do you survive as a country when there’s one little stock blip and everybody goes crazy? Right? I mean, how do you make any long-term decisions to fix what’s the matter? It’s very difficult to do it.

And honestly, that’s why largely we’ve been outsmarted for a long time. Russia, China, these are dictators. They’ve been planning long term.

And, you know, the problem that we have is every four years we get a new administration that try and undo the brief. So, you know, it’s an advantage in strategic thinking. But like I said, things have to change.

That’s why, you know, Trump’s idea to sort of break things and rebuild is the only way to do it. The status quo has been broken for a long time. We haven’t run a surplus, a budget surplus since Clinton.

That’s a long time to be fiscally irresponsible. So, you know, people can cry and scream. But like I said, we’re going to have to get through tough times.

We’ve all benefited for a long time, right? Money printing, it’s created inflation, but it’s also created asset inflation, right? Things are at all time highs all over the place. At some point, we’ve got to revert to reality. And that’s what we’re doing.

We’re bringing this thing down to rebuild, right? It’s the only way to do it. It’s the only way. Philip Patrick with us, our economic guru here on The John Frederick Show.

Also, Philip, a longtime contributor, precious metal specialist with Birch Gold. So, Philip, give me the top three things that we need to do to fix this, other than Republicans cave in, weak-kneed, cowardice with no spine. What are the couple of three things Trump’s got to do to get this ship right? Okay, I think first things first, we need to deal with the deficit, right? And that means increasing revenue.

The tax cuts are going to be important. It’s going to allow the economy to grow, right? We need to get some external revenue. I think tariff revenue will help.

I think Doge needs to break things down. We need to be more efficient. And I think those are the big areas.

If we can get a handle on deficit spending, I have faith in the American economy, right? I have faith that we can grow. We are the most blessed country on the planet when it comes to geography, to natural resources. We have it all.

What we don’t have is time, right? We are beholden to foreign investors, right? China holds a huge amount of our debt. If they decide to turn it in at any time, we’re in big trouble. And so to disincentivise the world to do that, we need a strong currency and we need to stop running deficits.

That needs to be the number one priority. And it is the number one priority, right? Why do you think these guys are talking about Doge, about external revenue, about the Panama Canal, about Greenland? They understand the scale of the problem and they’re trying to plug the gap. But that’s going to be key because President Trump is going to need time to grow the economy.

And, you know, time is not dictated by us. It’s dictated by foreign investors. We need to close that gap to be more attractive.

That has to be the number one priority. Well, we can’t go on running two trillion deficits a year. I mean, we’re already at 36 trillion debt.

Elon Musk comes in, identifies all this fraud, all this waste, inefficiencies all over the place. He’s cutting employees. We’ve got judges stepping in saying you can’t cut anything.

I mean, basically what we’re finding out now, without getting into politics, is basically without these NGOs, there would be no Democrat Party. They wouldn’t exist. This is how they got their money.

I mean, it got laundered back to them. We got all this inefficiency. He’s trying to get rid of them.

We got judges trying to stop it. And we got Republicans now, you know, saying, well, you know, we need a scalpel, not a sledgehammer. I don’t want a sledgehammer either.

I want a crane and a bulldozer. It’s what I want. We got to cut this.

You cannot spend this money on garbage and expect that you’re ever going to fix anything. Now, stocks, they go up, down. But right now, we’re in a very difficult position.

People are selling off. In a time like this, look, I’m all in gold, right? So I’m in really good shape. So I don’t really care.

Right. But that’s just me. Why should people look at gold as a hedge right now? I mean, listen, I think we’re seeing it play out in front of us.

I mean, at one point this year, gold was hitting a new all-time high every five days. You know, we’ve been talking about the fundamentals and nothing really has changed. Debt is still increasing, right? We have inflation still burning, still rising, right? Now we have recession.

It appears imminently on the horizon. This is the climate that we buy gold for. Like I said, President Trump’s plan is a long-term plan.

This bubble has been building for over 16 years. We don’t get through it in six months or 12 months. It’s going to take years to get through this mess.

And the question is, how do you weather the storm? We’ve all benefited across the board for years from rising asset prices, right? Now may be the time to say, look, let’s bank those gains and let’s put it into something more conducive for the climate in front of us. And I think at least for the short to medium term, precious metals have a big advantage. Why are central banks around the world right now buying up gold at a record pace? Because they’re worried about the value of the dollar.

Listen, central banks around the world are holding US dollars. And this is where the closing the gap on the deficit comes, because the higher debt goes, the more we devalue the dollar, the less attractive it is for the dollar for other countries to hold. Look, what’s incentivized countries to hold the dollar for so long has been stability.

But for the last four years prior to Trump, we destroyed that stability. We made the dollar less attractive, right, by using it as a and the train left the station. Trump has a big job to get the dollar under control.

And that’s where I say closing that gap, stopping amassing debt, stopping deficit spending, that’s going to be key because until they do, central banks will continue to dump dollars and continue to buy gold. By the way, John, the biggest quarter in the last three years was the last quarter of last year for gold buying in central banks. So it’s not slow.

No, it’s getting, look, it’s getting bigger. And there’s a couple other things, Philip, on the horizon that nobody’s really looking at. This is why I’m so bullish on gold right now.

Like, I’m not a financial advisor, but I can just tell you what I’ve done. That’s completely legal. You can talk to your professionals.

But Elon Musk is going to audit the Fed. This is a scary proposition. Newt Gingrich has been talking about auditing the Fed since he was Speaker, never got it done.

When he ran for president, I think 2012, never got it done, right, because he didn’t get elected. That’s never been audited. God knows what the hell we’re going to find there.

I mean, it’s a scary proposition. We think their balance sheet is $8 trillion. And what that means is $8 trillion of money they printed back by nothing.

No gold, no securities, just printed money. Now, it was $10. Jerome Powell said he’s paid down $2.

I don’t know how he’s done that, but that’s what he says. But till we do an audit, we don’t know. Then the other thing they’re going to do, Philip, is they’re going to audit Fort Knox.

Now, here’s a scary proposition, right? We have a stated, offhand, I don’t know what that is, but it’s a stated gold reserve. They go in there and audit it, and they find that that stated gold reserve is not there, or there’s only 80% of it, or 90%, or 50%. I mean, whatever it is, if it’s not there, what are they going to do? Well, then they have to replenish it to get it to where they say it is, which means they have to go on the spot market and buy gold and put it there.

We have no idea how these things are going to turn out, Philip. No, there is a ton of questions about auditing the Fed, and I think specifically auditing Fort Knox as well. There are concerns, right? Fort Knox hasn’t been audited since the 50s, and they’ve rejected public calls to do it.

Gold reserves are designed to create trust. Audits are designed to create trust, right? I don’t see a rationale to deny a public audit on the grounds of trust. So, like I said, I have no inside knowledge.

I have no cameras in Fort Knox, but that just, to me, is a little bit fishy. The big question is, if they go in there and Fort Knox is empty, are they going to come out and say it? I mean, if I were them, I’d think twice about it. It’s going to work against Trump’s ability to grow the economy and fix the problem.

So, it’s an interesting one. We’ll see how it plays out. I’m really interested.

If you can get me into Fort Knox with Elon and Trump, I’ll be there in a heartbeat. I mean, you nailed it. If it’s not there, if what we say is there is not there, it will create a panic because it’ll create a selloff.

Because then, basically, you’re going to say, we depleted our gold reserves and no one knew about it, and we’re saying we have more than we have. Well, then we got to go out and replenish it. We don’t have the money to do that.

We’re already in debt. So, then you’d have to print the money to buy it and add to the Federal Reserve. I mean, the whole thing is a mess, but you’re right.

Maybe they go in there, it’s half, and then they just don’t say anything. And then they’re like, well, we got to buy it over the next four years. I mean, it’s just, you hope they go in and it’s all there.

That’s what you hope. That’s what you hope. Of course.

I mean, if it’s not, we got a big problem. Yeah. Well, look, I think we’re on the same page here.

We got to get this debt down. We got to cut spending. We got to get the tax cuts done in this new budget so that people have confidence they can go out and invest in their businesses, et cetera.

So, that’s going to be a key element. But for everybody out there, look, if you have a retirement fund, you got a 401k, you got a pension plan like I do, small, but I got one. You got an IRA, right? If you’re putting away, even scrolling money away, you have it in various things.

Now’s the time to take a hard look at putting some of it in gold, diversifying it just as a hedge. Now, I’ve got all mine in gold, but I’m not suggesting that, right? But at least you want diversification. You want to be sure you have enough money there.

If things go south, the best way to do that is read Philip’s book because he’s brilliant. All you got to do is text my name, Godzilla, to the number 98, Godzilla to 98, 98, 98, Birch Gold to Philip Patrick and his team. They’re going to send you a 24-page info kit, photos written by Don Trump Jr. Philip is the brains behind this.

He’s on my show every couple of weeks, been with me forever. Read it over, see what he has to say, no obligation, and then see if maybe putting some of your money into gold is the right thing for you. Only company I do business with, Birch Gold.

Why? Great people. Philip Patrick’s there. He’s my guy.

Plus, great rates, great service, knock your socks off, transparency. Get a dashboard. I can go in right now and see exactly where I’m standing.

And as gold keeps going up, it’s always good news. But you never know what’s going to happen. But get the information that you need.

Text Godzilla to the number 989898, Philip Patrick and his team. They’ll get that right out to you. Philip Patrick, thanks for being with us.

Let’s cut this debt. Let’s go Doge. Let’s cut these employees.

Let’s get a balanced budget for a year. Let’s just try it. Let’s see if we could do it.