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Another Tennessee Failed Execution · Booker Scott: Truth Be Told

0:07
Speaker 1: It's 6 Eastern. It's 3 o'clock Pacific.
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Speaker 2: This is a president of action.
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Speaker 1: Coast to coast and around the world from the America
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Speaker 1: Out Loud Talk Radio Studios.
0:16
Speaker 2: If he says he's serious about something, he means it.
0:19
Speaker 1: It's time for The Truth Be Told with Booker Scott.
0:23
Speaker 2: I don't know how you feel about the death penalty,
0:26
Speaker 2: but I'm someone that has always been for it. I
0:29
Speaker 2: don't make any excuses for that. If someone murders someone,
0:34
Speaker 2: takes someone's life, and they do it in a really
0:36
Speaker 2: bad way, not that there's a good way ever, but
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Speaker 2: when it's something like devil worshipping and taking part of
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Speaker 2: a skull from somebody's head as a trophy from the murder,
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Speaker 2: when someone is that seriously deranged, then I have no problem.
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Speaker 2: Society doesn't need them, and I've always been someone that says, well,
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Speaker 2: let's do it fast. Let's not wait 30 or 40 years,
0:58
Speaker 2: and Use our tax money to continue to pay for
1:01
Speaker 2: this person that we're going to execute. However, what happened
1:05
Speaker 2: Wednesday night will make even a person like me think
1:08
Speaker 2: about taking someone's life. I'm Booker Scott. This is The
1:13
Speaker 2: Truth Be Told. And thank you so much for joining
1:15
Speaker 2: us tonight and every night. I appreciate it. Got a
1:18
Speaker 2: show for you tonight I think you're going to enjoy.
1:20
Speaker 2: Andrew Scorchini is going to be here in just a
1:22
Speaker 2: little bit. We're going to talk about the economy and
1:25
Speaker 2: the underlying economic indicators of that show that the economy
1:29
Speaker 2: is about to boom. Donald Trump keeps saying it is booming.
1:33
Speaker 2: The economy is great. Everybody wants to be America. Is
1:37
Speaker 2: that right? Well, I think we can bring you some
1:40
Speaker 2: evidence that Donald Trump is telling you the truth. We
1:43
Speaker 2: just don't feel it at the kitchen table yet. But
1:46
Speaker 2: let's get to this story that happened in Nashville, Tennessee
1:50
Speaker 2: on Wednesday night. You probably have heard about it. Everybody
1:53
Speaker 2: is talking about it.
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Speaker 3: Breaking news tonight. Tennessee's only woman on death row is
1:58
Speaker 3: still alive after receiving two doses of the lethal injection drug, according.
2:03
Speaker 4: To her attorneys.
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Speaker 3: Krista Pike's execution had originally been scheduled for 10 o'clock
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Speaker 3: this morning. The process was put on hold, though, for
2:11
Speaker 3: most of the day because of a legal challenge in
2:13
Speaker 3: the case.
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Speaker 2: OK, that was as it was going on in Nashville.
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Speaker 2: Krista Pike is her name. She was 19 years old
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Speaker 2: when she murdered another 19-year-old. They worked together in something
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Speaker 2: called Job Corps, and that would be something in the
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Speaker 2: state of Tennessee, which is actually where I am from originally,
2:30
Speaker 2: and lived in Tennessee when this murder took place in 1996.
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Speaker 2: They called it the Job Corps murder because both of
2:37
Speaker 2: them worked there. Job Corps would be someplace where maybe
2:39
Speaker 2: troubled individuals on the fringe, maybe we're going to lose
2:43
Speaker 2: them in society. That's something that they do. They go
2:46
Speaker 2: through Job Corps and try to set them on the
2:49
Speaker 2: right path. Well, it didn't work for Krista Pike. And
2:51
Speaker 2: this is the lady that was going to be executed
2:54
Speaker 2: Wednesday morning. And then they went to court. They went
2:58
Speaker 2: to the Sixth Circuit Court of Appeals, where they stayed
3:01
Speaker 2: an execution for a while and the Supreme Court then
3:04
Speaker 2: later overturned it all in a day. This happened. So
3:07
Speaker 2: they go to put her to rest. And that's where
3:12
Speaker 2: things got interesting. Now, Tennessee had execution back in May,
3:18
Speaker 2: I believe it was, and the prisoner's name was Carruthers,
3:21
Speaker 2: and they had problems with it. The same person that
3:24
Speaker 2: administered Krista Pike's on Wednesday night, her execution, was the
3:28
Speaker 2: doctor that oversaw Carruthers back then. Now, Krista Pike also,
3:33
Speaker 2: in some of her court hearings and some of her
3:36
Speaker 2: court filings, she has said that she has a vein
3:39
Speaker 2: condition that prevents her from taking IVs, well, you do
3:43
Speaker 2: have a choice how you want to be executed. I
3:46
Speaker 2: think the bigger question, though, for someone like me, and
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Speaker 2: maybe you feel like me, which is if they did
3:52
Speaker 2: a crime as bad as Krista Pike did, again, they
3:56
Speaker 2: took a piece of the girl's brain, skull. They took
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Speaker 2: a part of her skull as a trophy when they
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Speaker 2: killed her. They inscribed devil-worshiping things into her chest The
4:10
Speaker 2: girl's name that she murdered was Colleen Sleather, and that
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Speaker 2: was again in 1996, and that happened in East Tennessee.
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Speaker 2: But this happened on Wednesday night in Nashville. She has
4:22
Speaker 2: been in River Bend Penitentiary in Nashville. That's where she
4:26
Speaker 2: has been staying on death row. So she goes through
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Speaker 2: all of this, and they get her on the table.
4:31
Speaker 2: And once she's on the table, they inject her around 8.30
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Speaker 2: Eastern time or so. And she doesn't stop breathing. She
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Speaker 2: continues to breathe. And then they lower the curtain and
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Speaker 2: they give her another shot. And that too doesn't work.
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Speaker 2: She begins to snore. Then they lift the curtain or
4:52
Speaker 2: shut the curtain again. They tell everybody to get out
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Speaker 2: of the room, all the witnesses. And then they bring
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Speaker 2: in an ambulance. Isn't that strange though? Here we are
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Speaker 2: with someone that did such a terrible crime 30 years ago,
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Speaker 2: finally paying the price for it. in an execution, and
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Speaker 2: suddenly the people that were putting her to death are
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Speaker 2: trying to keep her alive to the point of bringing
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Speaker 2: in medical and ambulance. They take her to the hospital,
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Speaker 2: and she didn't die after all that. Is this type
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Speaker 2: of execution not something that we should be doing as society?
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Speaker 2: We go from wanting to kill someone to then wanting
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Speaker 2: to keep them alive in a matter of 20 or
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Speaker 2: 30 minutes after being on death row for 30 years.
5:38
Speaker 5: Just hours before she was set to be executed, the
5:41
Speaker 5: Sixth Circuit Court of Appeals ordered a stay, meaning the
5:45
Speaker 5: state of Tennessee could not execute Krista Pike. Then the
5:49
Speaker 5: state attorney general quickly filed with the U.S. Supreme Court
5:52
Speaker 5: to overturn that decision. And then earlier this evening, the
5:55
Speaker 5: Supreme Court said Tennessee could move forward with Pike's execution.
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Speaker 2: So I think it puts things in a weird spot,
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Speaker 2: don't you? You execute someone, you want to execute them,
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Speaker 2: put them to death, and then you are doing everything
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Speaker 2: you can to keep them alive. And now where does
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Speaker 2: this go? The governor says, you know, don't do anything.
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Speaker 2: We're not going to continue the executions. the electric chair,
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Speaker 2: the firing squad, either one of those to me would
6:22
Speaker 2: be more humane than putting a lethal injection into a
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Speaker 2: vein that sometimes does not work. This has been in
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Speaker 2: the courts for a long time. And do we need
6:32
Speaker 2: to be humane, really? Maybe that's a better question. Do
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Speaker 2: we need to be humane to someone that did the
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Speaker 2: murder that Krista Pike did way back then, 30 years ago?
6:44
Speaker 2: You know, it's an interesting story that unfolded Wednesday night
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Speaker 2: in Nashville, Tennessee on this.
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Speaker 6: I will say out of the four different executions I
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Speaker 6: have covered from 2025 till now, this is the most
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Speaker 6: shocked that I have seen media witnesses walk out of
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Speaker 6: the execution chamber with. What we know is that Krista
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Speaker 6: Pike was given two lethal injection doses, was still.
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Speaker 2: Alive, was snoring on the table.
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Speaker 6: The blinds were brought down and the warden asked the
7:13
Speaker 6: people in the We know that an ambulance came by.
7:17
Speaker 6: We know that Nashville Fire showed up with an ambulance.
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Speaker 6: And we know that they left, presumably with sirens on.
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Speaker 6: So it would make us lead to believe that someone
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Speaker 6: was inside. But we do not know right now if
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Speaker 6: Krista Pike is alive or dead or is receiving medical care.
7:31
Speaker 6: We're still kind of in limbo, once again, not knowing
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Speaker 6: much about this problem.
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Speaker 2: Krista Pike did make it to the hospital, and that
7:38
Speaker 2: was Wednesday night. At the time when this reporter was reporting,
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Speaker 2: it was going on, so you really couldn't tell at
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Speaker 2: that point whether she was going to live or die.
7:49
Speaker 2: It's an interesting question. I believe it brings to each
7:51
Speaker 2: one of us when it comes to doing what was
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Speaker 2: done here. I'm still for the death penalty. I still
7:59
Speaker 2: think that people should pay a price for the crimes
8:02
Speaker 2: that they do, and if society decides that execution is
8:06
Speaker 2: what that is, then I'm okay with it. But now
8:09
Speaker 2: we're going to have this become very political. Watch this happen.
8:14
Speaker 2: It will happen. Speaking of political, a couple of things
8:17
Speaker 2: going on in Europe on Wednesday and Thursday, and it
8:22
Speaker 2: continues to go on. There are protests in Spain and
8:25
Speaker 2: there are protests in France. They're protesting different things. But
8:29
Speaker 2: in Spain, it's gotten so bad that they have actually
8:31
Speaker 2: brought in tanks into the streets and Mass protests have
8:36
Speaker 2: erupted across Spain over an acute housing crisis sparked by
8:40
Speaker 2: the forced eviction of an 87-year-old woman. Her name is
8:44
Speaker 2: Maria del Carmen. She had lived in the same place
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Speaker 2: for 70 years. At 87 years old on September 23rd,
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Speaker 2: She was carried out on a stretcher from her home
8:57
Speaker 2: in Madrid's Retiro neighborhood. After an investment fund, the corporate
9:01
Speaker 2: comes in, they buy a building, and they evict the
9:05
Speaker 2: woman that has lived there for 70 years. She's on
9:07
Speaker 2: a stretcher, she gets evicted, and people are now emotional
9:11
Speaker 2: about it. And why wouldn't they be? Encampments and demonstrations,
9:14
Speaker 2: tens of thousands of people, they marched in Madrid, Barcelona, Seville,
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Speaker 2: and different places around the country. The core demands of
9:24
Speaker 2: these protesters are calling for stronger tenant protections, a ban
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Speaker 2: on evictions when alternative housing is missing, and stricter rules
9:33
Speaker 2: on short-term tourist rentals. They have that problem too. You
9:37
Speaker 2: have short-term rentals. Everybody rents at Airbnb for people coming
9:42
Speaker 2: in on the weekend, and it takes those out of
9:44
Speaker 2: the market for single-family homes. And so have companies like
9:48
Speaker 2: BlackRock and Vanguard, which seems to be the situation here.
9:52
Speaker 2: Same type of thing there. In France, they're protesting something different,
9:57
Speaker 2: and it's young children. It's a... children. They're in high school.
10:01
Speaker 2: High school students alongside public sector strikes and demonstrators are
10:06
Speaker 2: rallying against deteriorating school infrastructure, teacher shortages, overcrowded classrooms, and
10:13
Speaker 2: looming government budget cuts. So France is having budget cuts.
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Speaker 2: Their schools are a mess and their high school students
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Speaker 2: are out in the street and they are going against police.
10:25
Speaker 2: And that's what's happening in France. I didn't cover much
10:28
Speaker 2: of Jack Smith at all this week, but Jack Smith,
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Speaker 2: the former prosecutor against Donald Trump in everything, Washington, D.C.,
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Speaker 2: down in South Florida. He's a hack job attorney is
10:39
Speaker 2: what he is. His cases have made it to the
10:42
Speaker 2: Supreme Court and they have been overturned sometimes nine to nothing,
10:46
Speaker 2: nine to zero. He's a hack. Jack Smith is a hack.
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Speaker 2: Jack the hack is what he is. He testified in
10:54
Speaker 2: the Senate this week. And I want to bring up
10:56
Speaker 2: something that happened with Senator Eric Schmidt. I love Eric Schmidt.
11:00
Speaker 2: And in fact, I wanted him to be the attorney
11:02
Speaker 2: general instead of Pam Bondi, but he had just won
11:05
Speaker 2: at that time a seat in the Senate. So I
11:09
Speaker 2: imagine that's not a job that he would want to do.
11:10
Speaker 2: But he was a fantastic attorney general in the state
11:13
Speaker 2: of Missouri. And he was responsible for a lot of
11:16
Speaker 2: the litigation that took place against Joe Biden when Joe
11:20
Speaker 2: Biden tried to overreach in his government. For four years,
11:24
Speaker 2: Eric Schmidt in Missouri was one of those. Louisiana was
11:27
Speaker 2: another state that did a great job in fighting the
11:31
Speaker 2: establishment of Joe Biden and his administration and the weaponization
11:34
Speaker 2: of government. But Eric Schmidt was one of them, and
11:37
Speaker 2: I think he would be a great attorney general. But
11:40
Speaker 2: he messed up. In this hearing with Jack Smith, he
11:43
Speaker 2: brought up a poster and asked him if he had
11:46
Speaker 2: been in Atlanta. He was trying to make the connection
11:48
Speaker 2: between Fannie Willis, the prosecutor in the Donald Trump case
11:54
Speaker 2: in Atlanta, and Jack Smith, as if they were colluding
12:00
Speaker 2: with each other to work together to weaponize the DA
12:05
Speaker 2: in Atlanta and the attorney general, Jack Smith, the special prosecutor.
12:11
Speaker 2: So Eric Schmidt brings up a poster of these text
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Speaker 2: messages that he got from Jack Smith's phone, and it
12:17
Speaker 2: turns out that it was not in Atlanta where he was.
12:21
Speaker 2: It turns out that Jack Smith later responded to questioning
12:24
Speaker 2: from Amy Klobuchar that he was actually in Maryland, and
12:29
Speaker 2: the Hawks in the text message that he was talking
12:31
Speaker 2: about was not the Atlanta Hawks game that Eric Schmidt
12:36
Speaker 2: said he was at, which would be in Atlanta in
12:38
Speaker 2: Fonny Willis. Instead, he was in Maryland, outside of Washington, D.C.,
12:43
Speaker 2: going to a college women's basketball game between the University
12:47
Speaker 2: of Maryland and the Iowa Hawkeyes, not the Hawks, Atlanta Hawks.
12:53
Speaker 2: It was a pretty embarrassing moment, I believe. And a
12:56
Speaker 2: lot of people on social media said, we got you now,
12:59
Speaker 2: Jack Smith. And the problem is, it just wasn't true.
13:03
Speaker 2: And you have to wonder about the staffers behind Eric Schmidt.
13:06
Speaker 2: If I were him, whoever brought me that information would
13:09
Speaker 2: no longer be working today because it wasn't a good
13:12
Speaker 2: look and it gave the left everything they need to
13:16
Speaker 2: say the Republicans cannot govern as we go into a
13:19
Speaker 2: midterm coming up on November 3rd. Speaking of the midterm,
13:23
Speaker 2: the economy is something that is on a lot of
13:27
Speaker 2: people's minds. At the kitchen table, the things that Donald
13:30
Speaker 2: Trump has done so far, The American people really aren't
13:34
Speaker 2: feeling it. Inflation has been up. Gas prices mainly are
13:38
Speaker 2: the reason for that. Gas prices are high, not quite
13:41
Speaker 2: as high as they were when Joe Biden was president,
13:43
Speaker 2: at the very height of it, when gas prices became
13:46
Speaker 2: historically high. Diesel is at a record high right now,
13:50
Speaker 2: and that is really affecting the price of things. Everything
13:54
Speaker 2: that we get gets to us through an 18-wheeler at
13:58
Speaker 2: some point that now is paying record price prices. over $ 6. 50
14:02
Speaker 2: a gallon for diesel. So the economy is a big issue,
14:07
Speaker 2: and it always is in elections. We're going to have
14:09
Speaker 2: a conversation about this economy now. What does it really
14:12
Speaker 2: look like in the Donald Trump second administration for the economy?
14:17
Speaker 2: He says it's booming. Is it? Andrew Scorchini is here,
14:21
Speaker 2: and we're going to talk about it coming up in minutes.
14:23
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15:22
Speaker 2: Welcome back to The Truth Be Told here on America
15:25
Speaker 2: Out Loud Talk Radio. I'm Booker Scott. Thank you for
15:27
Speaker 2: being here tonight and every night. If you happen to
15:29
Speaker 2: find us on a podcast later, available on just about
15:32
Speaker 2: every platform you can think of, thank you for doing
15:34
Speaker 2: that and taking that extra step. We're going to have
15:37
Speaker 2: a conversation about the financial well-being of America right now.
15:41
Speaker 2: There's a lot of different things going on. I see
15:43
Speaker 2: a lot of fighting on social media about the things
15:45
Speaker 2: Donald Trump hasn't done and maybe not enough good things
15:49
Speaker 2: about what Donald Trump has done. Because there are a
15:52
Speaker 2: lot of great things. And we're going to have a
15:54
Speaker 2: conversation now with Andrew Scorchini. Andrew is Precious Metals dealer,
16:00
Speaker 2: and we'll talk about his company in a little bit
16:02
Speaker 2: and what he does. He's also written a book as well,
16:05
Speaker 2: and we'll get him to talk about that. But Andrew,
16:07
Speaker 2: welcome to the program. Great to have you.
16:08
Speaker 4: Well, thanks for having me, Booker. It's a pleasure to
16:11
Speaker 4: be out there spreading the word as a true patriot.
16:14
Speaker 2: Yeah. Well, we were talking before we went on the
16:17
Speaker 2: air about this economy because Donald Trump keeps saying, well,
16:20
Speaker 2: the economy is great. It's the greatest economy ever. And
16:22
Speaker 2: that's the way Donald Trump talks about everything. We know that,
16:26
Speaker 2: but the left doesn't. The liberal gets triggered by him
16:30
Speaker 2: saying that. But the American people at the kitchen table,
16:33
Speaker 2: as we come to an election coming up here in
16:35
Speaker 2: about 30 days, they are not feeling it. And when
16:38
Speaker 2: he says that, there is a little bit of a disconnect.
16:40
Speaker 2: And I think it's worth a conversation for you and
16:43
Speaker 2: I to have about the good things in the economy
16:46
Speaker 2: that are really happening, because there are so many great
16:49
Speaker 2: things happening in the economy. And you have this war
16:52
Speaker 2: in Iran. Obviously, gas prices have gone up quite a bit, $ 1. 50
16:57
Speaker 2: or so, $ 1. 75 a gallon. But when this thing is over,
17:01
Speaker 2: whenever that is, Donald Trump says it's going to end
17:03
Speaker 2: right after the midterm. When it's over, you're going to
17:06
Speaker 2: see a barrel of oil down to $ 60 a barrel.
17:08
Speaker 2: Right now, it was trading on Wednesday at $ 90, just
17:11
Speaker 2: over $ 90. And your specialty is in gold and silver,
17:16
Speaker 2: and we'll get into that here in just a little bit.
17:18
Speaker 2: But gold is another indicator. You know, it went up to, what, $ 5, 400
17:23
Speaker 2: earlier this year. I remember I endorsed a gold company
17:28
Speaker 2: several years ago, and gold at the time was about $ 2, 300.
17:32
Speaker 2: And I looked up four or five months ago, and
17:34
Speaker 2: it was $ 5, 400. And I hope that some of the
17:38
Speaker 2: listeners here, to the truth be told, took advantage of
17:40
Speaker 2: that back when it was $ 2, 400. They are now, what
17:43
Speaker 2: is gold today? $ 4, 100, $ 4, 200, I believe is what it was.
17:47
Speaker 4: Yeah, it's roughly $ 4, 150 an ounce.
17:51
Speaker 2: So let's talk about the good things in the economy.
17:53
Speaker 2: And I put a post out on social media, which
17:56
Speaker 2: you can follow me at RealBookerScott. And I talked about
17:59
Speaker 2: some of the great things that is going on right
18:02
Speaker 2: now as a result of Donald Trump. And I said
18:04
Speaker 2: this a lot on the program. Donald Trump, to me,
18:07
Speaker 2: is just like Ronald Reagan in 1982. Reagan came in
18:11
Speaker 2: after Jimmy Carter, and we had incredibly high mortgage rates
18:15
Speaker 2: of 18, 19%. We had gas lines. We had the
18:18
Speaker 2: highest gas prices in American history at that time. And
18:23
Speaker 2: we had a mess. We had a mess in Iran
18:24
Speaker 2: at the same time with Jimmy Carter. Ronald Reagan comes in,
18:27
Speaker 2: and in 1982, in that midterm, he loses 26 seats.
18:29
Speaker 2: And because the American people hadn't felt the things that
18:35
Speaker 2: he had done for the economy. I think we're there
18:38
Speaker 2: right now. I see the economy bursting, just not at
18:42
Speaker 2: the kitchen table yet. Q3 GDP estimates, they are about 5.1%
18:46
Speaker 2: from the Atlanta Fed. The bottom of those estimates is
18:51
Speaker 2: about 2.5%, which in the market, that's already baked in.
18:54
Speaker 2: That's a good thing at 2.5%. So if you reach 5%,
18:58
Speaker 2: it's incredible. Core CPI inflation stands at 2.4%. That excludes
19:03
Speaker 2: energy costs. IP, industrial production, up 1.4% year over year.
19:08
Speaker 2: Consumer spending increased 3.8% year over year in Q2, which
19:13
Speaker 2: is a great indicator of how the American people feel.
19:16
Speaker 2: Economic underlying strength grew at an astounding 4.6% in Q2.
19:22
Speaker 2: Unemployment remains low at 4.1%. Lowest murder rate. Well, that
19:26
Speaker 2: gets into another part of this. But let's leave it there, Andrew,
19:29
Speaker 2: and I'm going to come to you. Get your comments
19:31
Speaker 2: on that.
19:32
Speaker 4: Well, actually, you hit on a lot of really, really
19:36
Speaker 4: great points. The biggest one is the strength that this
19:40
Speaker 4: country is feeling for the first time since the Ronald
19:43
Speaker 4: Reagan administration. I remember, Booker, about three years ago, watching
19:47
Speaker 4: this video of a meeting. that they had in Dubai,
19:54
Speaker 4: and Vladimir Putin showed up, and he's dressed like amazing.
19:58
Speaker 4: The guy is just walking with some swagger, chest out.
20:01
Speaker 4: He looked amazing, and he looked like the leader of
20:05
Speaker 4: a great country. And I just remember just being jealous
20:08
Speaker 4: because we had Joe Biden And we've got this strong
20:11
Speaker 4: looking president that the whole world is afraid of. And
20:14
Speaker 4: I just thought to myself, why can't we have a
20:17
Speaker 4: president like that? And I'm getting chills even talking about
20:20
Speaker 4: it because we do have a president like that today
20:23
Speaker 4: for the first time since Ronald Reagan. And people don't
20:27
Speaker 4: realize that we're safer as Americans than we've been in many,
20:33
Speaker 4: many years. And As a gold dealer for my whole life,
20:37
Speaker 4: I started Beverly Hills Precious Metals in 2010. I've been
20:41
Speaker 4: in this industry long before that. I've got my fingers
20:44
Speaker 4: on the pulse of America and the people that are
20:48
Speaker 4: out there and what they're spending money on. I talk
20:50
Speaker 4: to them every day. I talk to them right before
20:53
Speaker 4: this interview. And people are out there buying homes. How
20:57
Speaker 4: do I know this and how can I believe it?
21:00
Speaker 4: People that have bought gold and silver from me in
21:02
Speaker 4: the last five to six years when it was $ 1, 700, $ 1, 800,
21:05
Speaker 4: and like you said, $ 2, 400, all the way up to
21:09
Speaker 4: where it's at now, they're actually selling a little bit
21:13
Speaker 4: of what they have. Not because of an emergency, because
21:16
Speaker 4: their goals have been met and they're moving into larger homes,
21:20
Speaker 4: dream homes, building a dream home. I'm hearing some amazing stories.
21:25
Speaker 4: These aren't people that are bragging that they're getting rich.
21:27
Speaker 4: They're actually... moving along in their life the way that
21:31
Speaker 4: they had hoped to, where they couldn't in four years
21:34
Speaker 4: of Biden and eight years of Obama before that. So
21:38
Speaker 4: I'm just hearing amazing, amazing stories. People out there are
21:42
Speaker 4: doing well.
21:43
Speaker 2: Yeah, that's great. Great to hear. And you wonder sometimes
21:47
Speaker 2: if those that are living paycheck to paycheck and are
21:50
Speaker 2: living on credit cards, they're not feeling it yet. And
21:54
Speaker 2: people that are buying and selling gold, that's a different demographic. And,
21:58
Speaker 2: you know, you hear that argument from the left. And
22:01
Speaker 2: I would just want to try to bring some encouraging
22:02
Speaker 2: news about the underlying economic indicators that look good that
22:08
Speaker 2: we can't feel yet for so many people in this country,
22:11
Speaker 2: because that's what they're complaining about when they get ready
22:14
Speaker 2: to go vote in this election. Well, Donald Trump's got us.
22:16
Speaker 3: In a war.
22:17
Speaker 2: Donald Trump has inflation is high. Well, let me throw
22:20
Speaker 2: this stat out also. Wage growth is up 3.1%. Inflation
22:26
Speaker 2: annualized is 2.4%. That's how you want things to go.
22:30
Speaker 2: You'd want the wage growth to be higher, but it's
22:33
Speaker 2: coming when you look at manufacturing right now, because manufacturing
22:37
Speaker 2: is booming and they're building a lot of plants. Artificial
22:40
Speaker 2: intelligence is a big driver of that. And so it's coming.
22:44
Speaker 2: I've said it all year. The back half of 2026
22:46
Speaker 2: was going to get good.
22:48
Speaker 1: It is.
22:49
Speaker 2: We just can't feel it yet. And I love your
22:52
Speaker 2: thoughts on people buying homes and selling their gold and
22:56
Speaker 2: precious metals. And I think we should be more encouraging
23:00
Speaker 2: about the things that Donald Trump has done from deregulations
23:03
Speaker 2: to writing executive orders to make things happen that are
23:07
Speaker 2: making things happen. Plus, the investment into this country is, what, $ 16,
23:12
Speaker 2: $ 18 trillion? If you hear Trump, he says $ 30 trillion,
23:14
Speaker 2: but I always knock anything he says in half.
23:17
Speaker 4: And one great thing that Trump is doing is, in
23:19
Speaker 4: regards to the national debt, he's actually taking steps to
23:24
Speaker 4: actually peg gold to the national debt.
23:28
Speaker 2: What does that mean? Explain that.
23:30
Speaker 4: It could come in the form of gold being revalued.
23:33
Speaker 4: Do you know that gold is currently valued at $ 42
23:37
Speaker 4: for one ounce on the US treasury balance sheet? It is.
23:42
Speaker 4: It's been that way for decades. And when that gets
23:46
Speaker 4: revalued to the current value, where it's sitting at roughly $ 4, 100
23:50
Speaker 4: an ounce, $ 4, 150 an ounce, that's going to increase the
23:56
Speaker 4: holdings by more than a trillion dollars. At some point,
24:00
Speaker 4: gold could be revalued even higher than the current spot price.
24:04
Speaker 4: This is something that he's trying to do. This is
24:06
Speaker 4: his legacy. He wants to get us out of this
24:08
Speaker 4: mountain of debt.
24:09
Speaker 5: Yeah.
24:11
Speaker 2: What does that mean to the American people when they
24:14
Speaker 2: revalue gold? Because so many people, you know, we're not
24:17
Speaker 2: on a gold standard anymore. How can that help? What
24:20
Speaker 2: does that mean for an American?
24:23
Speaker 4: So if we could peg the US dollar to the
24:26
Speaker 4: national debt where where you've got your if you're looking
24:30
Speaker 4: at a chart, OK, you've got a line all the
24:31
Speaker 4: way at the top. That's our debt. And you've got
24:34
Speaker 4: another line that's being pushed to the top because you're
24:37
Speaker 4: you're revaluing gold. yes, the United States would still have
24:41
Speaker 4: this debt, but at least as a country, we have
24:43
Speaker 4: enough gold to offset that entire debt. It's going to
24:48
Speaker 4: take a little bit of work to get there, but
24:49
Speaker 4: I believe that that's what President Trump's legacy is for
24:54
Speaker 4: the rest of his life. When these final two years,
24:58
Speaker 4: I think that, as you've suggested, he's going to be
25:01
Speaker 4: gone for a while before we actually realize just how
25:04
Speaker 4: good it is. And it's like that after every great
25:06
Speaker 4: president leaves.
25:08
Speaker 2: So, Yeah, we prospered for two decades after Ronald Reagan
25:12
Speaker 2: until things started slowing down a little bit. But it was,
25:15
Speaker 2: you know, 20 years of great growth. And I really
25:18
Speaker 2: believe that you grow yourself out of this. And I
25:22
Speaker 2: get pushed back a lot. People say, well, no, you
25:24
Speaker 2: can't grow out of this. But I think you can
25:27
Speaker 2: with the high GDP. And, you know, that's going to
25:30
Speaker 2: bring in more tax revenue. And that can help lower
25:33
Speaker 2: deficit spending. It can lower the debt. You spoke about
25:36
Speaker 2: the debt. Do you fear that because there is no
25:40
Speaker 2: gold standard that, you know, that's a problem for America?
25:46
Speaker 2: It is.
25:46
Speaker 4: And I don't think that as many Americans out there
25:49
Speaker 4: actually realize this because it's not ever covered on the
25:53
Speaker 4: so-called mainstream media. So just to break it down, in 1971,
25:59
Speaker 4: President Nixon took us off of the gold standard. So
26:03
Speaker 4: since 1971, our dollars are not backed by gold. But
26:07
Speaker 4: that's okay because three years later, we signed an agreement
26:12
Speaker 4: with Saudi Arabia to create the petrodollar. That's where a
26:16
Speaker 4: high percentage of the oil trades done anywhere in the
26:19
Speaker 4: world with Saudi Arabia were done in the US currency.
26:24
Speaker 4: Can you imagine? That's one of the greatest deals ever closed.
26:27
Speaker 4: I believe it was Kissinger that did that. And it's like,
26:32
Speaker 4: you're convincing people China who might be buying oil from
26:36
Speaker 4: Saudi Arabia to use the dollar in the dollar. It's
26:40
Speaker 4: the most amazing thing. So so that was a 50
26:42
Speaker 4: year deal. And America agreed to provide access to our
26:46
Speaker 4: army and protection over Saudi Arabia. Well, that was a
26:51
Speaker 4: 50 year deal from 1974 to June of 2024. That
26:56
Speaker 4: deal is gone. So we don't have a gold standard
26:59
Speaker 4: backing our dollar. We don't have a petrodollar backing our dollar.
27:04
Speaker 4: And for me, I travel a lot. I take dollars.
27:08
Speaker 4: I carry the local currency anywhere I'm at. It can
27:10
Speaker 4: be Europe. It could be Asia. It could be the
27:13
Speaker 4: United Arab Emirates. I do that much traveling. There was
27:17
Speaker 4: a day a long time ago, and you might remember
27:19
Speaker 4: this if you've done a fair share of traveling, Booker.
27:22
Speaker 4: If you pull out a wad of cash, you have
27:24
Speaker 4: their country's currency and the U.S. currency. They always point
27:28
Speaker 4: to the U.S. currency. They're like, that's what we want.
27:31
Speaker 4: They don't want it anymore. The United States dollar is
27:35
Speaker 4: being de-dollarized from the entire globe, and it's probably to
27:39
Speaker 4: set up something. We might be going to some sort
27:42
Speaker 4: of a digital currency that's gold-backed, and that could bring
27:47
Speaker 4: on many other implications like track and trace. If you're
27:50
Speaker 4: someone that's filling up your tank too much, could you
27:53
Speaker 4: be shut off? When you buy gold, you cannot be
27:56
Speaker 4: shut off.
27:57
Speaker 2: Yeah, you can keep it in the ground, in the backyard. Yes.
28:01
Speaker 2: You know, it's visible. You can hold it. You know,
28:04
Speaker 2: the American dollar, they've tried to devalue it. China has
28:09
Speaker 2: led BRICS, and that's the whole purpose of them. Just
28:12
Speaker 2: to let listeners know, you guys, American dollar is still
28:16
Speaker 2: being traded more than any other currency. And it's over
28:20
Speaker 2: 50% of the world trade is still with the American dollar.
28:24
Speaker 2: We haven't lost it completely yet. There's still a lot
28:26
Speaker 2: of value there. Andrew, I make the argument quite often
28:29
Speaker 2: that the value of the dollar is really backed by
28:33
Speaker 2: America's resources, ingenuity, invention, and its people. When you look
28:39
Speaker 2: at a $ 40 trillion debt, I would love for it
28:41
Speaker 2: to be nothing or at least manageable. It's going to
28:44
Speaker 2: be hard to ever get to there. But with a
28:48
Speaker 2: GDP of $ 30 trillion, $ 40 trillion, the way the government
28:53
Speaker 2: looks at it, it's not a huge amount. it's not
28:56
Speaker 2: insurmountable because it's manageable with that kind of GDP. The
28:59
Speaker 2: problem is you have a hiccup in the GDP and
29:02
Speaker 2: that debt just is going to go soaring more than
29:04
Speaker 2: it is soaring right now. And it's really soaring right now.
29:07
Speaker 2: It's a concern, I believe. And having a precious metal
29:10
Speaker 2: like gold or silver in your closet or like, what
29:14
Speaker 2: was his name? Menendez or Mendez in New Jersey, the
29:18
Speaker 2: senator that just went to prison. Do you know about him? Yeah,
29:21
Speaker 2: he and his wife, he had gold bars everywhere. He
29:24
Speaker 2: had it in pockets and suits and in his closet,
29:27
Speaker 2: and he was trading secrets for Egypt, I believe is
29:31
Speaker 2: how he got that money, and now he sits in
29:32
Speaker 2: a prison with his wife. But anyway, let's get into
29:36
Speaker 2: your book just a little bit. Let's talk about that.
29:39
Speaker 2: It's available on Amazon. Amazon, and it's called Going for Gold.
29:43
Speaker 2: So tell us about your book. What are you talking about?
29:46
Speaker 4: So the premise of the book is the history of
29:51
Speaker 4: currency and its relation to precious metals. Because gold and
29:58
Speaker 4: silver have been the world's money since the beginning of time,
30:01
Speaker 4: like going way back. It's gold and silver have always
30:05
Speaker 4: been the world's money. There was a time when seashells
30:08
Speaker 4: were actually currency and cinnamon.
30:11
Speaker 1: Yeah.
30:12
Speaker 4: It's unbelievable.
30:13
Speaker 2: Even salt, whatever has perceived value can be currency.
30:18
Speaker 4: Absolutely.
30:18
Speaker 2: Crypto crypto right now is a perfect example.
30:21
Speaker 1: I think.
30:22
Speaker 5: Yeah.
30:22
Speaker 4: It's a perceived, perceived currency, perceived value, which makes it currency.
30:26
Speaker 4: So what, All of these currencies eventually go away. They do.
30:31
Speaker 4: They've all gone away. Every single currency that has failed,
30:37
Speaker 4: except for the ones that are out there now. What
30:39
Speaker 4: we're buying things with are fiat currency. And I don't
30:43
Speaker 4: want to sound all gloom and doom because you are right.
30:46
Speaker 4: The US dollar is still the strongest currency in the
30:49
Speaker 4: entire world. We are the world's reserve currency. And this
30:52
Speaker 4: is nothing to be taken lightly. It makes us a
30:55
Speaker 4: strong nation. President Trump says that it's his goal to
30:59
Speaker 4: make sure that we remain, that the dollar remains as
31:03
Speaker 4: a world's reserve currency. He says, if we were to
31:06
Speaker 4: lose that status, and this is a quote, that it
31:09
Speaker 4: would be greater than losing any war. And that's a
31:12
Speaker 4: pretty bold statement. And I stand by President Trump in
31:16
Speaker 4: thinking that. So we're going to have to have the
31:19
Speaker 4: dollar backed by something. We need to do it. And
31:23
Speaker 4: we talk about that a lot in the book. I
31:25
Speaker 4: think that The book is good for people that just
31:28
Speaker 4: want to understand the history of money and how people
31:32
Speaker 4: relate to it. I think that this book is a great,
31:35
Speaker 4: great help to people. There are some things in there
31:38
Speaker 4: that are very basic, but people don't want to ask
31:40
Speaker 4: basic questions to people like us because they feel like
31:43
Speaker 4: they should know it. It's like for people when you're
31:46
Speaker 4: in school and you don't want to raise your hand
31:47
Speaker 4: because you don't want everybody to laugh because the question
31:51
Speaker 4: you have might be something that's already been spoken of.
31:54
Speaker 4: And the book is good for that. You can read
31:56
Speaker 4: the whole thing in about an hour and a half.
31:58
Speaker 4: And you can download it on our website. We could
32:01
Speaker 4: get into that later. But you can get a free
32:04
Speaker 4: copy of it, at least a digital copy. And it's
32:07
Speaker 4: worth checking out because do you know, Booker, that people
32:12
Speaker 4: that came to America in the 30s that immigrated from
32:15
Speaker 4: other countries, when they came, most of them just brought
32:19
Speaker 4: like one or two little suitcases and little bit of gold,
32:23
Speaker 4: little bit of silver, and the shirts on their back.
32:25
Speaker 4: During World War II, the people that had to flee
32:29
Speaker 4: countries to come to America to save their lives, they
32:32
Speaker 4: came here with gold and the shirts on their back.
32:35
Speaker 4: And it skipped two generations after that. Like two generations
32:42
Speaker 4: after the Great Depression and World War II, Americans don't
32:47
Speaker 4: realize that gold It has many great uses. It can
32:51
Speaker 4: help ensure your portfolio. It can offset inflation. But people
32:55
Speaker 4: in other countries know this. And I'm out there just
32:57
Speaker 4: trying to teach the people in America what most of
33:00
Speaker 4: the world already knows.
33:01
Speaker 2: Before we get finished here, we'll make sure that you
33:03
Speaker 2: have a link. If you're listening, you'll have a link
33:06
Speaker 2: for that book that is being offered free so you
33:09
Speaker 2: can learn about currency. And, you know, gold and silver
33:13
Speaker 2: is currency everywhere in the world, as you mentioned. And
33:16
Speaker 2: it always has been. I don't know if you saw
33:18
Speaker 2: a recent treasure that was found off the coast of Florida, actually,
33:22
Speaker 2: that was millions and millions of dollars of old Spanish coins.
33:27
Speaker 2: Did you happen to see that?
33:29
Speaker 4: Yes. From time to time, they do find these ships
33:32
Speaker 4: that have gone down that have Spanish doubloons that are gold.
33:36
Speaker 4: And even if they're not in good condition, they're real gold.
33:40
Speaker 4: Many of them are perfectly preserved, and they actually certify them,
33:43
Speaker 4: and they actually bring a premium. It's an amazing find.
33:47
Speaker 2: Yeah, yeah. And even if they're worthless in appearance, you
33:51
Speaker 2: could always melt it down, and it's still gold, as
33:53
Speaker 2: you said. So we are having a conversation with Andrew Scorchini,
33:57
Speaker 2: and we're going to continue it in just a minute.
33:59
Speaker 2: Someone asked me the other day, how do you even
34:02
Speaker 2: get a sense of what's going to happen next? It's hard.
34:05
Speaker 2: I don't know that we can, the way the news
34:07
Speaker 2: moves so fast. But you know what I told them?
34:11
Speaker 2: I said, I've been checking out Polymarket a little bit.
34:14
Speaker 2: It's extremely insightful. You're basically watching how thousands of people
34:19
Speaker 2: are betting on outcomes. Political elections, big policy moves, even
34:24
Speaker 2: events you wouldn't expect. It's kind of like a live
34:28
Speaker 2: pulse on what the public actually believes. And you can
34:32
Speaker 2: see trends before they even happen, and before they even
34:36
Speaker 2: make the mainstream news. For me, it's not about gambling.
34:40
Speaker 2: It's about understanding the probabilities and where the momentum is shifting.
34:45
Speaker 2: If you like or love the news like I do,
34:48
Speaker 2: maybe you're a news junkie, but you want to take
34:50
Speaker 2: a little deeper look at what people really think, go
34:53
Speaker 2: to Polymarket. It's a fascinating tool. Polymarket.com. Tonight at 7
35:10
Speaker 2: o'clock Eastern Time, it is Unleash the Political News Hour.
35:13
Speaker 2: After that, It is Bob and Tom, and they have
35:18
Speaker 2: After Dark coming up. Stay with us. Stay right here
35:21
Speaker 2: on America Out Loud. If you haven't been to americaoutloud.news lately,
35:24
Speaker 2: go there and look in the shop and make sure
35:26
Speaker 2: you use that promo code OUTLOUD, and you will get
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Speaker 2: a 20% discount on anything at americaoutloud.news inside the shop.
35:34
Speaker 2: I'm Booker Scott, and we are talking to Andrew Scorchini.
35:37
Speaker 2: We're talking gold, silver. We're talking about the economy that
35:41
Speaker 2: we're trying to sell to you, is much better than
35:44
Speaker 2: maybe you feel. And more than what people are saying
35:48
Speaker 2: online and in the news, if you watch mainstream media,
35:51
Speaker 2: it's all doom and gloom. Things are bad and inflation
35:54
Speaker 2: is up and the gas prices are up and this
35:56
Speaker 2: war needs to end. All of those things you can
35:59
Speaker 2: see and hear daily. And we're trying to convince you
36:02
Speaker 2: of other things here on the program tonight. And hopefully
36:05
Speaker 2: we'll be able to sell you on that. And if not,
36:08
Speaker 2: we're at least going to try to sell you some
36:10
Speaker 2: gold and silver. So let's get into that conversation, Andrew.
36:13
Speaker 4: So I think the biggest thing about gold and silver
36:16
Speaker 4: is that they're a hedge against inflation. So for example,
36:20
Speaker 4: you might remember a year or two ago when you
36:22
Speaker 4: would go to the market and you would look at
36:24
Speaker 4: buying a dozen eggs and they were almost $ 10 for
36:27
Speaker 4: a dozen at one point. Like at least here in California,
36:30
Speaker 4: it was like almost $ 10 for a dozen. At that time,
36:34
Speaker 4: both gold and silver were going up in value. So
36:38
Speaker 4: in inflationary times, that's when gold and silver rise in value.
36:43
Speaker 4: So therefore, what you're losing in buying power in the
36:46
Speaker 4: dollar is being offset by what you gain in the
36:50
Speaker 4: value of your gold and silver. The problem with that
36:54
Speaker 4: is that most people cannot equate that it is being
36:57
Speaker 4: offset unless you can see it on some sort of
37:00
Speaker 4: a screen or a tablet or an iPhone. But it
37:04
Speaker 4: does work that way. Even though inflation right now is
37:09
Speaker 4: particularly low compared to how it was years prior, you
37:14
Speaker 4: still want to have something like this as a portion
37:16
Speaker 4: of your portfolio. It provides balance. If something were to
37:20
Speaker 4: happen with the banking system like we saw in 2008,
37:23
Speaker 4: that's a time when precious metals really blasted off in value.
37:27
Speaker 4: That would happen again. I do believe that we are
37:31
Speaker 4: on the cusp of a revolution as far as currency goes.
37:37
Speaker 4: The way that we spend, the way that we transact
37:40
Speaker 4: is about to change forever. How do I know this?
37:44
Speaker 4: After COVID, we're so used to using our phones to
37:48
Speaker 4: pay for everything.
37:49
Speaker 2: Digital wallets.
37:50
Speaker 4: Yeah, digital wallets. So I believe that at some point,
37:54
Speaker 4: we're going to have some sort of digital currency. Hopefully,
37:58
Speaker 4: it's one that is gold-backed that we can transact with that'll...
38:04
Speaker 4: effectively be worth the paper it's printed on or not
38:07
Speaker 4: since it's not paper, but it would, it would be
38:10
Speaker 4: backed by something.
38:11
Speaker 2: You know, Andrew, you talk about, you know, the digital
38:15
Speaker 2: currency and people listening to this right now are going,
38:17
Speaker 2: Oh my God, digital currency. And it brings this fear
38:21
Speaker 2: into people's head every time they hear it. But digital
38:24
Speaker 2: currency isn't necessarily a bad thing because in a lot
38:27
Speaker 2: of ways, we already use the digital currency because, like
38:31
Speaker 2: you said, we have our phone. We look at our
38:33
Speaker 2: bank account on our phone. We don't write checks. I
38:35
Speaker 2: haven't had a checkbook in probably 10 years or so.
38:39
Speaker 2: It's been a long time. So I use everything digitally anyway.
38:42
Speaker 2: What is the difference? You know, if you have a
38:44
Speaker 2: digital currency that's backed by gold that actually works, what's
38:50
Speaker 2: the fear? Why do people fear? Is it because they
38:52
Speaker 2: think it's going to be tracked and traced? Is that
38:55
Speaker 2: the fear in digital currency?
38:57
Speaker 4: I think that that is the biggest fear out there.
39:00
Speaker 4: I think that some of the people out there that
39:02
Speaker 4: have been used to doing it one way for so
39:05
Speaker 4: long that the transition of doing it a different way
39:07
Speaker 4: is something that's a little bit awkward for them.
39:10
Speaker 2: Change is always hard for people, regardless of what it is.
39:13
Speaker 4: Absolutely. And I think that we're starting to become a
39:16
Speaker 4: lot more comfortable in the process. I mean, even for me,
39:20
Speaker 4: I've gotten to the point now where I just like
39:22
Speaker 4: to use my phone for just about anything. And we
39:27
Speaker 4: will go that way without any doubt. And if somebody
39:31
Speaker 4: really wanted to argue that point, I mean, look at
39:33
Speaker 4: the young people. I have a stepdaughter that's 16 and
39:36
Speaker 4: we're driving down the road and we asked her, do
39:39
Speaker 4: you want to go and get one of those boba drinks?
39:41
Speaker 4: So she said yes. And it was only for her.
39:44
Speaker 4: So we opened the door. We let her run out,
39:45
Speaker 4: run out of the car. But we had to give
39:47
Speaker 4: her some money. What do you want? you want the
39:50
Speaker 4: card or do you want cash? She said, no, give
39:52
Speaker 4: me the card. So it's not exactly scanning a phone,
39:56
Speaker 4: but the point is she didn't want to use cash.
39:59
Speaker 4: And you and I grew up using cash. In fact,
40:01
Speaker 4: you might remember, and people listening to this back 1982
40:05
Speaker 4: and before might remember that before ATMs, you had to
40:10
Speaker 4: go to the bank on Friday and get enough cash
40:12
Speaker 4: out of the bank to last you for the weekend.
40:15
Speaker 4: And if If you didn't get enough cash out, then
40:18
Speaker 4: you better have a credit card that you could use
40:20
Speaker 4: to buy something with. Back then it was Master Charge
40:23
Speaker 4: or Visa.
40:24
Speaker 2: I was thinking as you were talking, my grandmother used
40:26
Speaker 2: to call them charge cards. And they had that big
40:30
Speaker 2: thing that they would pull out at the service station
40:32
Speaker 2: and you'd put the plate down on it and then
40:36
Speaker 2: the carbon copies underneath it and then they would run
40:39
Speaker 2: that thing over the top to put the imprint on
40:41
Speaker 2: the carbon copy. There was nothing digital back then, but That's,
40:45
Speaker 2: that's the way we did credit cards back then. And
40:47
Speaker 2: you're right. It, uh, there was no ATMs. I remember
40:50
Speaker 2: when they, you said 82, that's about what it comes
40:53
Speaker 2: to my mind that I started seeing commercials for anytime
40:57
Speaker 2: tellers is what they called them where I grew up.
41:00
Speaker 2: And it was one particular bank that branded the ATMs as, uh, the,
41:05
Speaker 2: as that anytime teller. And, uh, and before that, you're right.
41:09
Speaker 2: We had to go, you know, we would go to,
41:11
Speaker 2: the bank on a Friday, pick up enough cash and
41:13
Speaker 2: hope we had enough to get through the weekend. If not,
41:15
Speaker 2: we're borrowing it from somebody because that was what we had.
41:18
Speaker 2: And that was the only thing we had.
41:21
Speaker 4: Yeah. So imagine this, like if you had a family
41:24
Speaker 4: member that was in a jam and you needed to
41:26
Speaker 4: send them $ 5, 000.
41:26
Speaker 3: Okay.
41:27
Speaker 4: And let's say they're letting you know that they're in
41:30
Speaker 4: this dilemma on a Saturday. They have to wait until
41:33
Speaker 4: Monday for the earliest chance for you to be able
41:36
Speaker 4: to send them a wire transfer that for that amount.
41:38
Speaker 4: Imagine if we're on a digital currency system that hopefully
41:44
Speaker 4: is backed by something real. You would be able to
41:47
Speaker 4: trade 24 hours. It would have to be like a
41:49
Speaker 4: stable coin. It couldn't be Bitcoin or some of these
41:52
Speaker 4: other cryptos because they're very volatile. I'm not a big
41:56
Speaker 4: crypto person. I'm just big as far as the transformation
42:00
Speaker 4: of money and how we spend it. It is changing.
42:03
Speaker 4: It doesn't happen overnight. We're not going to wake up
42:05
Speaker 4: tomorrow and find out that you can't use your dollars,
42:07
Speaker 4: that you have to swipe your phone for everything. It
42:10
Speaker 4: won't be like that. This will be probably a 10-year process.
42:13
Speaker 4: It's not 10 years from today. It's 10 years from
42:15
Speaker 4: maybe two or three years ago. We're already in that process.
42:20
Speaker 4: As people like you and me, Booker, start to get
42:23
Speaker 4: up there in the years, and maybe we're not here anymore,
42:25
Speaker 4: the younger people will embrace this more and more and more.
42:28
Speaker 4: It's happening. I want to be able to own physical
42:32
Speaker 4: gold and silver that are outside of the centralized banking
42:35
Speaker 4: system that you can own. Think about it. I have
42:40
Speaker 4: a $ 100 bill in my hand right now. I don't
42:44
Speaker 4: own this. If I go and stand out in front
42:46
Speaker 4: of a government building and light it on fire, I
42:49
Speaker 4: can be arrested. But if I go out in front
42:52
Speaker 4: of a government building and take an ounce of gold
42:54
Speaker 4: and start flattening it with a hammer, they can't do
42:58
Speaker 4: anything because I own that gold. But I don't own
43:01
Speaker 4: the dollar. It's property of the United States Treasury. So
43:05
Speaker 4: gold is one of the few things that you can own.
43:09
Speaker 4: And actually, it's portable wealth. I can take it anywhere
43:12
Speaker 4: in the world. I've mentioned Dubai a couple of times.
43:15
Speaker 4: It's a place that I travel to sometimes. I collect
43:18
Speaker 4: nice watches and I buy watches when I'm there. But
43:23
Speaker 4: when it's PM there, it's like early morning here in California.
43:28
Speaker 4: So I can't send a wire transfer. So what I
43:31
Speaker 4: do is I take gold and I make sure that
43:33
Speaker 4: I have access to a little bit of cryptocurrency. And
43:37
Speaker 4: that's how I transact. And with those, I could do
43:40
Speaker 4: it anywhere in the world. They're recognized currency. But I'm
43:43
Speaker 4: really big on gold.
43:45
Speaker 2: Well, you're talking about crypto. And let's talk real quick
43:48
Speaker 2: about Bitcoin, because to me, Bitcoin is all about perceived
43:51
Speaker 2: value like any currency. And it's very volatile, though. You
43:55
Speaker 2: see it go up to one hundred and twenty thousand
43:57
Speaker 2: dollars and Then it'll drop down to $ 50, 000, $ 60, 000, which
44:00
Speaker 2: is what it's been doing. It's on the way back
44:02
Speaker 2: up right now. People ride it all the way back up,
44:05
Speaker 2: and then they sell, and then they get in when
44:08
Speaker 2: it drops again. That's how a lot of people are
44:11
Speaker 2: making their money on Bitcoin and the other cryptos. It's
44:15
Speaker 2: interesting to me to watch, but I'm not a big
44:17
Speaker 2: fan of cryptocurrency. I think you mentioned that as well.
44:21
Speaker 2: and don't take financial advice from me. I had the
44:24
Speaker 2: opportunity to buy Bitcoin at 50 cents, and I said,
44:27
Speaker 2: this is a stupid idea. And well, I probably would
44:31
Speaker 2: have sold it at $ 2. 50 or $ 3 instead of hanging
44:35
Speaker 2: on to it. So I can never think, well, I
44:37
Speaker 2: would have been a billionaire by now, because I wouldn't.
44:41
Speaker 2: I would have taken some gains that five times, six
44:44
Speaker 2: times the money at $ 3 or $ 4 and gotten out
44:47
Speaker 2: of it with my little token of Bitcoin back in 15,
44:50
Speaker 2: 16 years ago when all of that started. You've mentioned
44:53
Speaker 2: something a couple of times. You've mentioned the portfolio and
44:56
Speaker 2: having gold, precious metals as a part of a portfolio.
45:01
Speaker 2: What percentage do you think people should have? What do
45:03
Speaker 2: you suggest to people?
45:05
Speaker 4: Well, historically, financial advisors would recommend about 5% to 15%
45:09
Speaker 4: of your portfolio to be in precious metals. But what
45:14
Speaker 4: we're seeing now with everything happening in the world where
45:19
Speaker 4: we've got like we have Russia and Ukraine at war.
45:22
Speaker 4: We've had several conflicts involving Israel. We have United States
45:27
Speaker 4: and Iran. There's a lot of reasons out there to
45:30
Speaker 4: try to make your portfolio feel a little bit more secure.
45:34
Speaker 4: And people are starting to roll over entire 401k accounts
45:39
Speaker 4: into a precious metals IRA and They're rolling over IRAs
45:43
Speaker 4: into a precious metals IRA, 403Bs, simple IRAs, inherited IRAs,
45:50
Speaker 4: government TSP accounts. And I have people doing 50 or
45:53
Speaker 4: even 100% of everything that they have in retirement. And
45:58
Speaker 4: those people that have done it in the last five
46:00
Speaker 4: to six years have prospered very, very well.
46:03
Speaker 2: Nearly tripled their money. Close to it.
46:06
Speaker 4: Yeah. And I've been to events where clients of mine
46:11
Speaker 4: have stopped me. One of them really stands out where
46:15
Speaker 4: I was trying to leave. I've been standing on stage
46:17
Speaker 4: for over two hours as part of a panel. I
46:19
Speaker 4: was tired. I wanted to go. So I'm making a
46:21
Speaker 4: beeline for the exit. Someone grabbed me and he said, Andrew,
46:25
Speaker 4: he said, I want to say thank you. He's like,
46:29
Speaker 4: I invested in gold and silver because I heard you
46:32
Speaker 4: on a podcast and it changed my life. I was
46:35
Speaker 4: able to retire. He continued with the story saying that
46:39
Speaker 4: every January he had to have a conversation with his
46:41
Speaker 4: wife as to whether or not this would be the
46:43
Speaker 4: year that he could retire. And every year it was
46:46
Speaker 4: no until the year happened where it was yes. And
46:49
Speaker 4: I asked him, tell me more about your story. He
46:52
Speaker 4: said that he put three and a half million dollars
46:56
Speaker 4: into gold and silver with my company. I asked him
46:58
Speaker 4: what his name was and I knew the name. And
47:01
Speaker 4: he said that he tripled his investment. And it wasn't
47:05
Speaker 4: that he had made a lot of money. What really
47:07
Speaker 4: struck me is how he described his life being after
47:12
Speaker 4: all this happened. He said, retirement's been great. He's like,
47:16
Speaker 4: I'm not one of those people that stayed just as
47:18
Speaker 4: busy in retirement as they were when they were working.
47:21
Speaker 4: He said, I get to go on long walks at
47:23
Speaker 4: night after dinner with my wife. He's like, I get
47:26
Speaker 4: to spend time with my grandchildren. He's like, this is
47:29
Speaker 4: a life that I always dreamt that I could have.
47:33
Speaker 4: And he's like, it's because I live in a free country.
47:36
Speaker 4: He says, I I heard some great information and I
47:39
Speaker 4: took the next indicated step. It was a little bit
47:42
Speaker 4: of a leap of faith, but it paid off. Now,
47:45
Speaker 4: this isn't guaranteed for everybody out there, but this is
47:47
Speaker 4: the opportunity that.
47:48
Speaker 2: We all have.
47:49
Speaker 4: The same one you had and I had when you
47:51
Speaker 4: could have bought Bitcoin for 50 cents. I think the
47:54
Speaker 4: prospect of owning precious metals is a lot more realistic
47:58
Speaker 4: than something like that because you would have sold it
48:01
Speaker 4: at 250. I might have sold it at 60 cents
48:03
Speaker 4: if we're talking about Bitcoin. But with gold and silver,
48:07
Speaker 4: You can go to sleep at night knowing that you're
48:10
Speaker 4: in control of your own destiny. And I think that
48:12
Speaker 4: that's a great thing about being an American. That's something,
48:16
Speaker 4: a freedom that we have that we could pass on
48:19
Speaker 4: to our family and allow us to be like a
48:22
Speaker 4: good shepherd of what we've been blessed to have in
48:24
Speaker 4: our lives.
48:25
Speaker 2: We're coming up on another break and coming up to
48:27
Speaker 2: the end of the hour. Before we get there, Andrew,
48:31
Speaker 2: tell everybody how they can reach you, what your website is,
48:34
Speaker 2: and One other question I have for you. What do
48:38
Speaker 2: you think is driving gold right now the way that
48:40
Speaker 2: it has? Because we both mentioned that it's nearly tripled
48:44
Speaker 2: in the last six or seven years. What's driving that?
48:48
Speaker 4: So in my opinion, the biggest thing driving that, it's
48:52
Speaker 4: two part. One is inflation. If we're talking about six
48:55
Speaker 4: or seven years, the inflation has hit us very hard.
48:58
Speaker 4: Things do cost a lot more in that time frame.
49:02
Speaker 4: than they did back six, seven years ago. That means
49:06
Speaker 4: that your dollar is buying less today than it bought in, say,
49:12
Speaker 4: the beginning of Joe Biden's tenure as president. And that's,
49:17
Speaker 4: in some ways, an understatement. The other thing, which is really,
49:21
Speaker 4: really big, and you never hear about this on so-called
49:25
Speaker 4: mainstream media here in the United States, there's something called
49:28
Speaker 4: the BRICS nations. That's Brazil, Russia, India, China, and South Africa,
49:34
Speaker 4: and a whole slew of other countries that have been
49:36
Speaker 4: added to it. And they're They're mad because the United
49:43
Speaker 4: States effectively weaponized the dollar by sanctioning high Russian officials'
49:51
Speaker 4: bank accounts that were here in America after Russia invaded Ukraine.
49:56
Speaker 4: So two of our biggest, I hesitate to use enemy,
50:02
Speaker 4: but they're certainly not allies, China and Russia decided to
50:05
Speaker 4: get together and start BRICS. They have the goal of
50:11
Speaker 4: de-dollarizing the entire world and moving to a central bank
50:16
Speaker 4: digital currency. It would be a national currency that's gold-backed.
50:21
Speaker 4: And just to wrap up that point, China and the
50:25
Speaker 4: other countries are buying gold in record amounts. They're hoarding
50:30
Speaker 4: the world's gold like they've never done before. They're preparing
50:33
Speaker 4: for something. And you can guess what that something might be.
50:38
Speaker 4: only thing that I could come up with that would
50:41
Speaker 4: make sense as to why they're doing it is that
50:43
Speaker 4: whatever their plan is to replace the dollar with is
50:46
Speaker 4: gold backed. So I'm not saying that the dollar is
50:49
Speaker 4: going away. One great thing about America, we can one
50:53
Speaker 4: up what another country or countries are trying to do.
50:57
Speaker 4: I believe we will do that, but I think it'll
50:59
Speaker 4: be a similar plan, something that's gold backed.
51:02
Speaker 2: Andrew, tell everybody how they can find you, reach you,
51:05
Speaker 2: and maybe ask you some questions that I failed to
51:07
Speaker 2: ask you. I hope I've covered some ground here, but, uh,
51:11
Speaker 2: give your information out so people know how to reach you.
51:14
Speaker 1: Yeah.
51:14
Speaker 4: So, um, the website is, uh, is bhlikebeverlyhills-pmlikepreciousmetals.com. So it's bh-pm.com.
51:25
Speaker 4: My name's right there in the screen. If you want,
51:28
Speaker 4: if it's easier, you can You can just Google my
51:30
Speaker 4: name and you'll come up with there'll be a lot
51:32
Speaker 4: of interviews. You'll come up with our website and you
51:34
Speaker 4: can check it out. There's a lot of people that
51:36
Speaker 4: you probably know and believe in that have have backed
51:40
Speaker 4: me in the past. And there's some great testimonials on there.
51:43
Speaker 2: Throw out some names. Let's go ahead and throw some names. Yeah.
51:48
Speaker 4: So one of my partners that I've had the pleasure
51:51
Speaker 4: of working with is is now the sitting director of
51:55
Speaker 4: the FBI. So Kash Patel. and I have done interviews together.
51:59
Speaker 4: And it's just one of the greatest things that I
52:04
Speaker 4: can be able to say and have it be true.
52:06
Speaker 4: Another one is Peter Navarro, who is one of Donald
52:10
Speaker 4: Trump's confidants and one of his most trusted advisors. Another
52:15
Speaker 4: one is, we've actually, we do events often with Trumps,
52:20
Speaker 4: with Eric and Lara Trump. And I've had many conversations
52:25
Speaker 4: with Eric Trump and He's he's actually said some pretty
52:30
Speaker 4: great things about me. Like, like I met him the
52:33
Speaker 4: first time and he said, he said, Oh, you're Andrew,
52:36
Speaker 4: the gold guy. He goes, I just want to tell you,
52:38
Speaker 4: he loves you. He loves you. And I go, Oh,
52:41
Speaker 4: thank you so much. And I'm just like, after I'm thinking,
52:43
Speaker 4: who is he? And I just, I'm hoping he means
52:46
Speaker 4: his father, but it's, it's like I've made the circles
52:50
Speaker 4: with them. And that I would have to say the
52:52
Speaker 4: biggest one is general Flynn. General Flynn is a good
52:55
Speaker 4: personal friend of mine. He's our company spokesperson. When you
52:59
Speaker 4: go on my website, you'll be able to see that
53:02
Speaker 4: we've made a two ounce silver general Flynn coin. What
53:05
Speaker 4: I hope that the people from America Out Loud could
53:08
Speaker 4: do is if you want to learn more about the
53:11
Speaker 4: things that we talked about today, fill out the online
53:15
Speaker 4: form that's on just about any page. It's called a
53:17
Speaker 4: schedule a consultation. Just put in your name, email address,
53:21
Speaker 4: phone number, and in the notes section, be detailed. Like
53:26
Speaker 4: if you want to learn how to roll over a
53:27
Speaker 4: 401k and do a precious metals IRA, or if you
53:31
Speaker 4: have gold and silver and you're thinking about adding to
53:33
Speaker 4: what you have, put that in the notes section because
53:36
Speaker 4: it helps me get you to the sales associate that
53:39
Speaker 4: can help you the best. But one important thing, before
53:43
Speaker 4: you submit the form, it says, how did you hear
53:45
Speaker 4: about us? So in that section there, please put in
53:49
Speaker 4: Booker Scott or America Out Loud, And, uh, and we'll
53:52
Speaker 4: take great care of you. And if it's, if everything's aligned, right.
53:56
Speaker 4: And if I have the time, it might even be
53:58
Speaker 4: me that calls you, but we're able to help quite
54:01
Speaker 4: a bit of people. And it's just, it is a
54:03
Speaker 4: little bit of a leap of faith at first, but
54:05
Speaker 4: it's like, uh, it's paid off for so many. And,
54:08
Speaker 4: and I'll tell you, Booker, I, I've been doing this
54:10
Speaker 4: for a long time and I've been fortunate enough now to,
54:13
Speaker 4: for about the last five and a half to six years, um,
54:16
Speaker 4: work on, um, on different radio shows and podcasts. And
54:21
Speaker 4: this has just put new life in what I do.
54:23
Speaker 4: To me, this felt like something that I've always done
54:27
Speaker 4: for work and that it really wasn't that special, but
54:29
Speaker 4: I've learned in the last five and a half to
54:31
Speaker 4: six years that we do help out people. I talk
54:34
Speaker 4: to them all the time. They tell me the greatest
54:36
Speaker 4: stories and I always make time to hear them. So
54:39
Speaker 4: it's a great thing we're doing.
54:40
Speaker 2: That's great news. Andrew Scorchini. is his name, his company,
54:44
Speaker 2: Beverly Hills Precious Metals. Andrew, thank you for coming on
54:47
Speaker 2: the program. I appreciate it.
54:49
Speaker 4: Well, thank you. I hope you'll have me back. But
54:51
Speaker 4: I just, I really appreciate it. And America's strong and
54:54
Speaker 4: we're going, we're going to keep going in the right direction.
54:57
Speaker 2: That's right. Don't forget, Unleash the Political News Hour. It's
55:00
Speaker 2: going to start rolling here in just a minute. And
55:02
Speaker 2: you were told 2,000 years ago that you are the
55:05
Speaker 2: salt of the earth and salt without flavor has no value.
55:08
Speaker 2: So whatever you do, keep being salty. Have a great night.
55:11
Speaker 1: There is only one truth. You've been listening to The
55:14
Speaker 1: Truth Be Told with Booker Scott on America Out Loud.