“Old School Embezzlement” Reveals Systemic Risk

“Old School Embezzlement” Reveals Systemic Risk

Our exclusive “Vault” exposé is the must see video of the year

For the last three years, Brentwood Research has been ahead of the curve and predicted major economic mindset shifts before they occurred.

We were the first to call gold a growth asset. Gold is A Better Way was published when the price of gold was under $1200.

We were the first to call inflation. The Great Devaluation was written before anyone thought inflation was even possible.

We are now calling the next big story.

We put in bold letters below so you won’t miss it:

Custody & Counterparty Risk

These are the two most important words in all of investing. They are also words that most investors forget until it’s too late.

Higher interest rates reveal who’s swimming naked. They reveal leverage and risk.

Most importantly, they reveal Ponzi schemes and Fraud.

The last time it was Berni Madoff. Today, it's Sam Bankman-Fried.

Last night, Sam Bankman-Fried was arrested in the Bahamas. Today, in hearings before Congress, it was revealed by FTX’s interim CEO John Ray that Fried’s actions were simply “old school embezzlement” and that Bankman-Fried was “just taking money from customers and using it for his own purposes.” ⁽¹⁾

It’s the same story playing out all over again. We would do well to remember history, as it so regularly rhymes.

Revelations of fraud are signs of systemic risk within our financial system. Frauds get outed in when the free money party ends and signal it may be time to leave the casino altogether.

To be clear, the casino we refer to is our stock, bond, and crypto markets. We believe, just as turned out to be the case fourteen years ago, that our markets are a house of interconnected cards on the verge of potential collapse. Today’s market action says it all. CPI was released at 8:30am and within milliseconds the Dow Jones soared 700 points higher. It gave it all back before the day ended.⁽²⁾

It’s ridiculous that trillions of dollars of wealth are so affected by a few meaningless decimal points of a flawed statistic. Tomorrow we will get to see another ridiculous episode as one or two words uttered by one man, Jerome Powell, will impact the financial situation of 7.8 billion living people.

We remind our readers that while Madoff was exposed in December of 2008, our stock markets wouldn’t hit their bear market bottom until March of ‘09. Could the same thing be happening all over again?

"Custody" and "counterparty risk" are words we take for granted. Today’s events are reminders that we must be more aware than at any time in the last fifteen years of the risks created by the free money machine.

It’s why you must see our insider's look at the entire scandal and our insider access to one of the last remaining true custodians, the Delaware Depository.

Our cameras were offered access that has never been granted before. Our exposé reveals the true inner workings of the precious metals world. It answers the ultimate question: “How do we know the gold is real?”

We could not have timed it any better.

Our exclusive interview at the Delaware Depository offers a never-before-seen look inside one of the largest, safest, and most private precious metal vaults in the world. It’s a place that may seem foreign to the inner workings of Wall Street. Here everything is 100% allocated.

It's a place where custody and safekeeping are the only priorities, and where the oldest investments in the world, physical gold and silver, have never been more in demand.

If there is one must-watch video on our financial system, it’s our piece called, “The Vault.”

Best,

Adam Baratta

Editor-in-Chief

Brentwood Research

Written by Adam Baratta

References:

1. https://www.usatoday.com/story/news/politics/2022/12/13/ftx-congress-hearing-testimony-live-updates/10867169002/

2. https://www.forexlive.com/news/dow-gives-up-700-point-gain-20221213/