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Something VERY Concerning Is Happening With Local Banks · Man in America Podcast

• 1:16
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. So we've been tracking the process of this rollout of the central bank digital currency, which I may sound like I'm just going over and over and over it again, but in my opinion, it is the single greatest threat to our freedom. And I feel like it's it's my duty to look for every indication of the advancement of that agenda and try to look for ways out of it. And so some things happened recently, one with a an online jewelers group I'm part of, and the other with a Gateway Pundit article I came across where people that work in the precious metals industry are having their bank accounts shut down.
• 2:01
  Now, this might seem like it doesn't relate to you very much, but what this really means is that that was a person that was serving their local community, allowing them to come in and exchange a fiat currency, the US dollar, for precious metals. So by shutting those bank accounts down, this is what I think the beginning of a process where they will potentially and as Martin Armstrong believes would happen, that they want to make it so people can no longer purchase precious metals. Because there might be a time when they say, okay, look, the Central Bank digital currency is ready to be rolled out. We don't want any of the money that should be converted into a digital token to escape the system. And so joining us today to make sense of this and figure out what's really going on, how it relates to, you know, the the UN and Klaus Schwab and the WEF is Doctor.
• 2:49
  Kirk Elliott, good friend of mine. So folks enjoy this interview with Doctor. Kirk Elliott. Kirk, it's great to have you back on man. How are you doing?
• 2:59
  Speaker 2: I am doing awesome. How are you?
• 3:01
  Seth Holehouse: Actually, like really, really well, really well. We're kind of over the hump of this massive move. We just actually we just closed on selling our house last week, which was just this giant, this giant like stress off of my back because I've been watching what's happening with the housing market. And I want to do a separate episode on the housing market but it was just to kind of get that money out of, you know, our house which you know, I was watching things and it's not looking good for where the market's going. It was just, just as big sigh of relief.
• 3:33
  So I feel like I can actually just breathe right now. And so now we're gonna be we're gonna be we're renting, we're building a house. So it's that next process, but there's no rush and it just it's a good place to be.
• 3:46
  Speaker 2: Well, I'm so glad because, I mean, truly, you look at what's happening in the housing market. I mean, it's it's really brutal. It's hard for people to get loans. It's you you look at a banks are undercapitalized because the fed has taken there's been a trillion dollars of m two money supply that's left the banking system since the beginning of the year alone. Right?
• 4:10
  And and when the fed has no capital to begin with. Right. So here's an interesting dynamic that's happened over the last month and a half or two months, maybe is during COVID, during March of twenty twenty, the Fed changed the reserve requirement. Stimulate the economy. Right?
• 4:30
  Meaning they don't have to keep anything on hand to fund checks, you know, when you write a check or take a withdrawal out of your account, knowing that, you know, or hoping and praying, I should say, not knowing, hoping and praying that not everybody wants their money out of the bank on the same day. Right? Because there's no way they could float that. They have a 0% reserve requirement. They're just, this is why they put, you know, seven day holds, fifteen day holds on people's checks or whatever.
• 4:55
  It's not because they, the tellers will tell you, it's like, well, we gotta make sure that there's enough money in aunt Jenny's account, you know, before we cash the check. Right? It's like they know in a fraction of a second in this digital world, they guarantee it. They're just actually playing with the money so they don't have to get an interbank loan from the Fed to fund the redemption requests when they don't have any money on hand. Well, this all changed with the Basel III Accords, which actually just are beginning to be implemented, where they're changing the reserve requirement from zero, not to 10% where it was before, but somewhere in the range of 20 to 30% is going to be the final number.
• 5:40
  So what does this mean? This means that banks had gotten used to having nothing on hand, zero, right? Well now start, it's not a gradual work in period. It's like, boom, on day X, you're going to have to have 20 to 30% reserve requirement in cash, or you can't be a bank. It's like, so what's this going to do?
• 6:02
  Part of me screams consolidation moment for big banks, right? Cause you're going to have all these smaller banks that aren't going to be able to fulfill the new reserve requirement. And they're just going to have to go belly up or because they can't be a bank. So the medium banks are going to buy the small ones. The big banks are gonna buy the medium ones.
• 6:21
  And so you're gonna have JPMorgan Chase, it seems to somehow be the recipient of all the stimulus money all the time, right? Buy up all these medium and smaller banks as they just change the reserve requirements under the basis of we can't let 02/2008 happen again, right? So therefore we're going to go overboard and require that banks have even more money just sitting back in cash. Well, what does that mean? It means that when banks are already capital strapped, that people aren't going to get loans because they have to hold it back.
• 6:55
  Right? They have to hold it back to actually be a bank. So therefore, mom and pops, you know, small business owners in America that might need a short term temporary inventory loan or payroll loan, which these kinds of things happen all the time. It's like, yeah, I can't afford to get the pieces, the component pieces to build our final product, but we'll build it. We'll sell it within sixty days and we'll pay the loan off, right?
• 7:19
  Once we sell it, these things are very, very common. Well, the money's not going to be there for things like that. I think this would kill small business in America. It would kill small entrepreneurs, right? It's going to thrash the home lending market because these are big loans, right?
• 7:36
  And so they're already not going to have the capital, which I'm sure you going through this whole process of selling a home, it's like, dang, the people that want to buy our home, they can't qualify for it. I mean, this is very difficult. What are we going to do? And now with interest rates rising on top of that, it's put the number of new mortgage applications way worse, significantly worse than what we saw in 02/2007, '2 thousand and '8 going into that crisis. It's worse than it was then.
• 8:07
  We've seen the number of new housing applications at a twenty seven year low, right? It's like, this is a big trend moving in the wrong direction. And I think you're going to see more and more bank failures, therefore more and more small business failures moving forward as these start to progress in bad way.
• 8:28
  Seth Holehouse: And it's just crazy putting it all together because when you look at where does this lead, you see these movies of these futuristic societies, and they don't even have brands anymore. It's just it's just like product. It's like one product made by one company, and there's not really even individual companies. It's all just run by the government. This is communism, right?
• 8:51
  It's it's a consolidation. It's the the opposite of having all these small businesses and small banks. I mean, what happened during the Great Depression. I mean, small banks got wiped out completely. And there's a lot of people that believe that the Great Depression was caused on purpose as a way of getting rid of all these small mom and pop shops and consolidating, right?
• 9:09
  It's like, these people haven't been in control just for the last ten years or since COVID started. But it's what's also interesting looking at this is that if you look at that the trend, which we talked about this a lot of the amount of money leaving the banking system, And the fact that people are no longer trusting the banks, well, they're moving that money into other assets or they're just keeping it as cash under the mattress. But I suspect that a lot of people and probably some of the more savvy people are moving it into things like land, you know, precious metals, some real estate, etc. But what's crazy is that if you look at what's happening, especially in the banking system, so I have a little bit of an antidote to share. So I'm I used to be in the jewelry and precious metals business as one of my kind of previous careers, where I was in media, jewelry, precious metals, marketing, all kinds of different things.
• 10:01
  Was I don't know why I was just found my way in those industries. And so I'm still part of these groups on Facebook of all these jewelers that you work together to help each other. And I saw a post about a week ago, and it was someone, it was a jewelry store, and they said that they got denied for opening a business account at their local bank. And it said that the bank's response as to why they wouldn't even work with this company is because they dealt with precious metals. And that was really alarming to me because I've like, I hadn't heard of that before, you know, because I know hundreds and hundreds of jewelers, if not more.
• 10:39
  I've never heard that before. But then it was just this morning, I was scrolling through kind of doing some research, and I came across this article, which I'll pull up. And this is yeah, this is from this morning. It says, what is going on? Three separate coin shop owners shocked as their bank accounts suddenly shut down with no reason given.
• 10:59
  So I won't go into detail of this, but there's these are three different people that we we know about that that sort of actually had YouTube channels or posts about it. So there was an Ohio based coin shop, where which they they're basically got a letter saying, quote, after a recent review, we have decided to end our relationship with you and close your accounts. As stated in your account agreement, we can close your account at any time for any reason with or without notice. Then there's a different coin shop, that was Ohio, I think there's two others that were in Chicago, but it wasn't just their bank account. So there's another one saying that Sherry, a local coin shop owner in Chicago area, had basically opened up her about her recent ordeal with her bank Old National Bank, and according to her, not only did the bank close her business account with barely any warning, but they also went on to close several other family accounts, none of which had her name.
• 11:50
  So she says, my husband had his personal savings account closed, my grandson's savings account, my son's checking account, my son's saving account, my son's 30, let's see, grandson's account, you know, all these different accounts were shut down. And there's another shop that also had the same thing happen. So this was really alarming to me not because of just, you know, obviously the initial thing of why are banks just randomly closing accounts, but what made me think of what where my mind went to was Central Bank digital currency, and the process of moving us towards that because I remember I had on Martin Armstrong recently, and I asked him about this, and thought how he thought they would work to implement a CBDC and one thing that he thought would happen is that once the CBDC rolled out, that they would they would actually ban the purchase of precious metals. And so, you know, they always telegraph their move ahead of time, you can see it starting. And a lot of times it starts with the small mom and pop shops that don't get a lot of media attention.
• 12:57
  So my worry, and I really want to hear your thoughts on this, is that this is under the guise of say money laundering, whatever that what they're trying to do is they're starting to close off any way that people could be buying and selling assets like gold and silver and coins outside of a trackable way. This is the beginning of that. But what do you think, Kirk?
• 13:21
  Speaker 2: Well, I think that that I mean, I've been saying the same thing as Martin Armstrong since the Bank for International Settlements back in March of of this year came out with project icebreaker that said they were gonna stop wires from banks to banks unless the use of the funds met up with their ideology. Right? And then you go to May where Project Aurora said that all transactions were gonna be monitored. Right? Every person, every company, every in every bank in every country.
• 13:57
  Right? Well, that's everybody with a bank account based on why. Why do you monitor all that? To tie it toward the use of funds, the ideology. Right?
• 14:04
  So so when you add up that even regional banks have closed up these these small gold and silver brokers accounts, it's because their ideology doesn't match up. Right. So here's where it starts to get even a little bit more interesting politically and geopolitically, because in March, the United Nations outlined basically their pact for the future. It was where secretary general of the United Nations said, and we've talked about this before, but in light of the statement that you just made, it's like, okay. This is actually happening now.
• 14:43
  Seth Holehouse: Hey, folks. I've got a quick message for you. So I'm sure you've heard a lot of people, myself included, talking about the importance of buying precious metals, gold and silver. But what's really behind that? Is it just a thing of, hey, buy this gold, buy this silver.
• 14:58
  Right? Or is there something deeper that we should be looking at? So I recently came across some figures about house prices. So in 1930, the average family home was approximately $4,000. Fast forward to 2023, the average family home is just over $400,000.
• 15:15
  So you have to ask yourself, why is that? Is it because things have just gotten more expensive? No, it's actually because the dollar has lost 99% of its value since 1930. Right? When people talk about the collapse the dollar or inflation, this is what it means.
• 15:29
  Now let's take a look at gold. So in 1930, if you wanted to purchase your home in gold, it would take approximately 200 gold coins. So 200 gold coins would purchase the average family home in 1930, about $4,000. Now, if you instead of buying a home with that gold or cash, you set those aside. If you set aside $4,000 in cash in 1930, it would be worth $4,000 today.
• 15:56
  What can you buy with $4,000? Can you buy a family home? No, you can't even buy a crappy used car. But if you set aside $4,000 worth of gold coins in 1930, which is 200 gold coins, 1 ounce coins, that would be worth approximately $400,000 today. And this is the key lesson about precious metals.
• 16:17
  It's not about getting rich. It's about putting your money into an asset that protects you against inflation and against the destruction of the currency, which is what happens to all fiat currencies, especially now we're in the end days of the dollar. And so that's why it's important, maybe not all of your money, but a portion of your money, a portion of what you have, I highly recommend putting it into precious metals of gold and silver because what it's doing is it's protecting you. This is an asset that has stood the test of time, not just stood the test of time since the 1930s, we're talking about the rise and fall of civilizations. Gold was used to buy houses back in ancient Rome.
• 16:57
  It's still around. It's an asset that will forever have its value. So folks, if you want to do this and you need someone you can trust, there's no person I can recommend more than Doctor. Kirk Elliott. He's a very good friend of mine.
• 17:09
  He's a strong Christian patriot, and he's out to really help people to protect their savings and what you've worked for against the destruction of the dollar, not to mention also protecting it against the dangers of a central bank digital currencies. So to learn more about this, go to goldwithseth.com or call (720) 605-3900. Again, that's goldwithseth.com or (720) 605-3900. Both those places will allow you to set up a quick appointment where you can talk to a wealth adviser that will help get you started on this path. Again, goldwithSeth.com, 7 2 0 6 0 5 3 9 0 zero.
• 17:49
  Speaker 2: This is not a down the road concept. Right? So think they're much farther advanced than what we give them credit for being in in this agenda. Right? So secretary general Gutierrez said that they the United Nations needs a standing authority to convene and operationalize automatically an emergency platform in the event of a future complex global shock of sufficient scale, severity, and reach.
• 18:17
  K? So so then they said, well, what's gonna cause these shocks? Major climatic event, future pandemic risk, global digital connectivity disruption, a major event in outer space, or any other unforeseen risks like black swans? Now the the part that I wanna focus on here on this answer is they also have the power to oversee the stakeholders of the world, including academics, governments, private sector actors, and international financial institutions, basically a bank. Right?
• 18:46
  So they wanna oversee these banks, are the stakeholders. So the stakeholders of the world, academics, governments, private center actors, international financial institutions, okay? So just this weekend, Klaus Schwab in a speech, it was an interesting speech, World Economic Forum, Klaus Schwab, awful ideas, globalist, anti freedom, right? So he made this statement. I think it's not necessarily a prophetic word.
• 19:19
  It's not a vision. They're the ones that are actually basically coming up with these administrative laws, nongovernmental organizations making the rules for everybody to live by, said that it's kind of again like when Doctor. Pippa Malmgren of the World Economic Forum said central bank digital currency was coming. She said that in October of twenty twenty two. And then before you know it, I mean, we literally had it like months after that.
• 19:47
  It's crazy. Right? It's like, when is this coming that she's talking about? Well, it was actually months away from the statement. His most recent statement is governing the people is not going to be done by countries.
• 20:01
  It's going to be done by the stakeholders of the world. Here again, we have this term stake builders, which we just mentioned was nongovernmental organizations, international financial institutions, right, academics. So we're seeing this now with the banks and central bank digital currency, right? The people governing the people of the world, how do you govern somebody? Cut them off from buying or selling.
• 20:29
  Cut them off from being able to make a living. They control with fear and opposition and control rather than just allowing people the freedom of their own choice. To me, the best way to control a person is to not control a person, right? Which means they're gonna be responsible for their own actions and in their own self interest, they're gonna do stuff that are going to be productive, be efficient, right? And rather than controlling somebody with, we don't like what you say, so we're gonna cut you off from buying or selling, He just used the word The reason I bring all this up is because it just clicked while you were saying that is they already telegraphed back in May the word stakeholders, right?
• 21:13
  And now he just said it again that stakeholders are going to be the ones ruling the world, not individual countries. So you're seeing these technocrats move us from individual sovereignty to actually like pan sovereignty or no sovereignty at all, where institutions or organizations actually come up with the laws of control and the authoritarian structures that come from that, the compliance bosses, right? I mean, it's going to be things. It's going to be entities. It's probably going to be largely the banking system that's going to do that.
• 21:55
  And Klaus Schwab just said it again. He just said, it's not going to be countries. I think he's telling us that soon and very soon, the whole concept of a nation state is going to be a foreign concept because we're going to be run by corporations and the banking world and all of the data that they're collecting on us that will determine whether we buy or sell, whether we live or die, and who we communicate with and who we don't communicate with. Right? It's going to be up to them is what they think.
• 22:28
  Seth Holehouse: Do you think that we're going to start to see more and more of these kind of financial de platforming instances, right? We know that, like, I think it was Joseph Mercola, we saw that, we covered this maybe a couple months ago that Chase shut down all of his bank accounts, his family, etc, because he was someone that was speaking out against the medical narrative, right. Now we're seeing just in this past couple of weeks, a similar thing happening, but only people that are dealing in in precious metals. So do you think that, a, we're gonna see this in more and more, you know, gold, silver, coin shops, etcetera? And b, because obviously you're in this industry, what are you seeing from within your own company or within your own industry contacts?
• 23:16
  Speaker 2: Well, the interesting thing so for me personally, we're a big company. I mean, we've been around for twenty nine years. We have 18,000 clients all over the world. We're not small. So when we're dealing with $10,000,000 plus a day coming in and bank wires, right?
• 23:35
  So I have to make sure that our bank is safe and secure. And this is why I left JPMorgan Chase like ten months ago. It's not because I got bad service from them. I never did. My issue wasn't that.
• 23:50
  My issue was I don't trust them as a company when you look at some of these things that are happening because it was JPMorgan Chase that cut off Merkler, right? I think it was probably Holy Spirit guidance saying, you you might not want to be part of this kind of a deal. So we moved to a more regional bank that's in Utah, Wyoming, and Colorado, where I can meet with their treasurer every month. I meet with their bank president, where I know that they're not part of the Fed now system, that their assets are safe because we're a large client. Right.
• 24:23
  So I have to make sure. Now, even with that, though, I'm not 100% feeling safe and warm and fuzzy about the banking industry, right? But I've done everything I can do to make sure that, yeah, for the time being we're good. But I think we're not completely safe from this until you actually have an alternative system, right? Like a state chartered bank like Texas or Alaska, that's not part of the Fed now, that's not part of the FDIC, that looks at World Economic Forum directives and says, this is anti freedom, we're not going to play this game, right?
• 24:59
  Which is what some of those state sovereign movements are doing, which is which is amazing to me because you look at what the founding fathers envisioned for us, Seth, and what was it? The federalist system wasn't to give the federal government more power. It was to separate powers. Right. It was so the federalist system, basically, in a nutshell, says if the states can do something, then they should.
• 25:25
  It's not up to the federal government to do it. If it's something that can only be done by the federal government, then the states shouldn't be involved with it. For example, a national defense. You know, there's no way that Rhode Island could have all of the national defense for a whole country, right? So therefore, that should be left to the federal level.
• 25:46
  Banking can easily be done by the states, Easily. Right? You can have Department of Education should easily be done at the states and even at the local level. Right. So the Fed should have no involvement in that.
• 26:01
  This is what the founding fathers envisioned. We have morphed into a world where it's federal overreach and now it's international nongovernmental organization overreach. This is why I think we're moving back to states' rights. I think the overreach has become so extreme that we go back to this. So ultimately, I mean, even though I love our bank that we deal with, can't say that I will forever, right?
• 26:28
  Because they're still part of the FDIC system. But here's where I do have hope in the message of when it comes right down to it, there's going to be other alternatives, whether it's Quantum Financial System, whether it's a state chartered bank, whether it's using gold or silver as barter. We don't know. We don't know if we're going into more of I hate to use these old archaic terms, but almost like a feudal system where even national sovereignty is a thing of the past, even state sovereignty, we become smaller, almost like sovereign individuals, right? Where you live in a community that specializes in, say you have an oil rig in your community, well, that's gonna be the livelihood of that community.
• 27:11
  And there's another place that might have a gold mine. There's another place that might raise beef, Right? We almost go into the sovereign individual kind of a moment, which was actually written about by investor sociologist, William Reesmog. He was the Queen of England's Financial Advisor. This was way back in the '80s.
• 27:32
  I remember reading this book called first it was called Blood in the Streets, and then a follow-up book was called Sovereign Individual. Back in the late '80s, early '90s, I read these books, and that was their vision for the future was overreach of the feds down into more individual rights that would reign supreme in the not too distant future. Well, turns out not too distant future was maybe fifty years later, but I think they're prophetic, not meant to be prophetic, but those words are coming true. I think we're going to see that and I'm ready for it. I have no allegiance to banks.
• 28:11
  I have allegiance to our freedom, right? And we'll just change when we need to change. And everybody needs to think that way, right? Whether it's about, well, my stock portfolio, my bond portfolio, that normalcy bias that people have, it's like it never, We always got through things in the past, and so we're always going to get through things in the future. This time might be different, quite honestly.
• 28:33
  The world as we know it monetarily has just changed with the rising of the BRICS nations. Add that to central bank digital currency, add that to ideological based spending. We've never had that before. We've never had the combination of those three before, which removes our reserve currency status as a country and moves us into a system of complete people control. That's where we are right now.
• 29:01
  It's different than corrections in the past where we didn't have some of those technological advances that even made today possible. We didn't have them in 02/2008. We didn't have these things in February. This one's different, and so we need to prepare differently.
• 29:16
  Seth Holehouse: I have one simple question. If today you could no longer go purchase more food for your family with the food stores that you have in your home, how long would you be able to feed your family? Would it be a week, three weeks, a month, two months, a year? This is a really important question folks that we have to be very realistic about because the elites are proactively trying to put us into a state of food crisis and a state of famine. I'm sure you've seen all of the different food processing plants and farms that are blowing up.
• 29:49
  You've got cattle dying by the tens of thousands. They're proactively trying to collapse our food system because they know if they can control our food, they can control us. And so one of the best ways to be outside of their control is to be able to have our own stores of food and to be able to produce our own food. This is food that's sitting somewhere, it's hidden in your basement, buried in your backyard, whatever it is. So that way if there is a crisis, if there is an emergency, you might have three months set aside to get through that time period.
• 30:19
  And so for this, I would highly recommend a company called Heaven's Harvest. This is an amazing Christian owned patriot company, and what they're doing is they're making high quality storable food. Again, lot of the food companies, they say these food buckets, they're all about maximizing calories per dollar, but Heaven's Harvest, they focus on very high quality food that will last up to twenty five years on the shelf. So to go ahead and do this right now, go up a new tab and go to heavensharvest.com. And if you use the promo code Seth, that's s e t h, promo code Seth, you'll save 15% off of your entire order.
• 30:57
  So again, folks, the time is running out and you'd rather be three months or one year early than one day late. One good example is if you look at what happened just recently in New Mexico, right, because here you are, you're talking about, you know, how the founders had set things out for us to live with limited power and we have the constitution. Well, I mean, I'm sure you saw this news everywhere, how the New Mexico's governor suspended the right to bear arms saying that the second amendment is not absolute. Now, this was done under an emergency, I think because there was a shooting, and I think a young kid died. But this is, I mean, we talked about them telegraphing and we can see, look, look at what happened with the pandemic, it's a really it's just the basic formula of problem reaction solution.
• 31:46
  And so the, you you mentioned the, the the change in the reserve requirements and how that will probably end up crushing a lot of the small banks, which will force them into being bought by the bigger banks. And even when we had the banks collapse earlier this year, and we're going through that crisis, there was a big part of me that was wondering, is this intentional? Did they cause this because they want to then come in with their solution to which is the bigger banks buying it up, buying it up, and then eventually getting us to the central bank digital currency. I mean, you saw exactly what happened again in New Mexico. It's like, oh, there's an emergency.
• 32:23
  Therefore, to protect you, we're going to take away your rights. Right? And that's that right there is exactly how I see them getting everyone into a central bank digital currency is another banking collapse, maybe much worse than what happened earlier this year. And whether they cause it or they just know it's coming because I think it's coming either way, but then them coming in and saying, look, you know, we, know, the US dollar is a fiat currency, we've lost the reserve, you know, status. So really, the only solution is going to be a central bank digital currency and these digital tokens.
• 32:58
  And the people that have it prepared for that, I think that they'll just wake up one day and they'll go to their local Chase Bank or whatever and they say, Oh, congratulations. You know, you've had your $130,000 in your savings and your $23,000 in your checking account. They've been converted into digital tokens now. So you're now part of the Fed Now Central Bank digital currency system. Congratulations.
• 33:19
  I just think that that's a day that's that's coming. It's like, who would have imagined that our country would be locking us down and enforcing masks? Who would have imagined? Well, it came.
• 33:29
  Speaker 2: Well, that was the test. I truly think that was the test. And they saw how far they could go in restricting people's freedoms and how much pushback they got. They didn't get a ton of pushback, so therefore they kept stretching how many freedoms can we take away, how many can we take away, how many can we take away, before they started to get big pushback. And I think they realized for the sake of perceived safety and security, Americans will give up a lot of freedoms.
• 33:54
  Right? So my concern on the bigger picture is now it really does start to impact financial futures. I mean, COVID two point zero that they're already claiming is coming before they even know that it's coming, right? It's like, well, it's going to be here. They're preparing for mask mandates, travel restrictions, shut down, shelter at home rules,
• 34:16
  Robert Kiyosaki: blah, blah,
• 34:17
  Speaker 2: blah, right? All this stuff. Small business owners aren't going to be able to withstand this one. They've already used all of their money to get through the first one. They used all their reserves.
• 34:29
  And so the second one will just probably put them out of business, which is why people like Sarah Huckabee Sanders in Arkansas, the governor is saying, we're not going to play. The governor of Mississippi said, mm-mm, we're not going to abide by these federal mandates. We are governors of our sovereign states and we're not going to allow it. So hopefully there's more governors that come up and say it. But here's the bigger thing.
• 34:50
  We're starting to see it spread based on other ideology, not just it's not just COVID. That's almost immaterial in all of this. So the fact that we saw three small precious metals dealers kind of go get their bank account shut down by not big large banks either, they were just regional banks, tells me that the ideological agenda. So once CBDCs become more mainstream, it's really easy just to flip the switch. Say, okay.
• 35:22
  It's it's that's a gold dealer. No. You you can't buy. I mean, seriously, you can't buy. This is it.
• 35:30
  So this is why I shout it from the rooftops. We never know when that day is coming, but I would rather be nine months, six months, three months early than one day late because one day late might be too late. So I would start to reassess, reposition your assets into tangible assets now before it's too late. I mean, you're not going to be harmed from it, right? It's like they're growing tremendously better than any other asset in the world.
• 35:57
  But we're talking about restoring and keep maintaining our freedoms, our financial freedoms, our privacy on this. Because chat GPT, open artificial intelligence, I mean, the technology is pretty wild. It's pretty amazing, right? What they can do. I tried it.
• 36:17
  So I went to Chat GPT and I just typed in a couple different things like, what would I say in this circumstance? How do you let somebody down easily kind of a thing, right? Well, it gave me a very eloquent response. Was like ingenious. It's like, holy cow, this computer is stinking smart, Right?
• 36:41
  Proper grammar, proper sentence structure, just as if I were reading it, but they understood the heart of the intent of the message because I had put, how do you let somebody down lightly? So basically, OpenAI interpret that as, hey, you're dumping somebody, but you don't want them to feel bad about it, right? So they wrote this out and it's like, oh my word, it understood the heart of a message. This is scary technology, right? So imagine a world moving forward where the predictive algorithms that they're figuring out can figure stuff out.
• 37:19
  So, I mean, there's so much amazing technology in the AI world that it's scary. But it was asked the question this weekend. When is Singularity going to happen and when are the big tech giants going to actually go bankrupt? Why? Singularity is is the scarier issue of that.
• 37:40
  Companies go bankrupt all the time. Right? But singularity is the convergence of man and machine with the machines winning. I mean, that's really what singularity is. Right?
• 37:49
  But when are we going to have a big stock market failure where the tech giants really lose all of their gains was the gist of that question. Well, it came back with an answer. 73% chance that the tech giants are going to have a market collapse within the next ninety days. It's like, what? And then it said health healthcare industry within 59% within the next ninety days, and then there was some other industry that they talked about within the next ninety days.
• 38:17
  So like if it were anybody else just giving a prediction, I wouldn't really listen to it. This one is like, it's weird because it's artificial intelligence, it's computers that have the high frequency trading, they're the ones that buy and sell, right? And so they're telling us that there's gonna be a market collapse within ninety days. So it's like, interesting. So I I then use my brain, not a computer brain thinking September historically has always been the worst month for the S and P five hundred.
• 38:47
  Don't know why? It always is. October has always been the worst for the for the Dow Jones Industrial Average. You always have these October suppliers, surprises, big collapses of the stock market in October. And then what did the BRICS nations do?
• 39:02
  The BRICS nations said, we're going to add six of the nine largest oil producers in the world by January 1. Okay. That's kind of in a ninety day span. Takes away demand from the US dollar, kills the petrodollar overnight. You add all this up, which open artificial intelligences got these tentacles out to everything, every news story, every article.
• 39:23
  People are saying directives, internal minutes that are posted on the internet from the Fed and from the World Economic Forum, from the IMF or the Bank for International Settlements, and it's coming up with an answer. So, I mean, I just look at it with my human brain thinking, all right, you've got political chaos, geopolitical conflict, stock market always comes down in September and October. Yeah. You're gonna see a collapse, a correction, and gold and silver should thrive during that point. I mean, I look at it that way, but now when computer brains thinking about it and just sifting through all the historical algorithms and patterns and things of what happens in certain dates and who said what and how and why, I mean, we're entering into a whole new world where we are going to see a massive market correction.
• 40:17
  I don't know when, and I don't know to what magnitude, but it's going to be big. Why do I say it's gonna be big? Because go back to the fundamentals. We don't need open artificial intelligence to tell us we've got over 3 quadrillion dollars of global debt. We've got Biden and his new plan just added $2,000,000,000,000 estimated to our deficit for next year.
• 40:41
  2,000,000,000,000. I mean, that's a lot, right? So now our global debt or our national debt goes from 32,000,000,000,000 to 34,000,000,000,000 without any stimulus money around anything else, Right? And then we've got a trillion dollars of interest only payments that keeps being added every year that we can't keep up with. It's like, oh my word, we are going to see a massive correction just looking at the fundamentals.
• 41:03
  The artificial intelligence piece puts together all those fundamentals and actually came up with a date and a projected, you know, time that it's going to happen. 73% chance it's going to happen in ninety days. It's like, oh, my word. I pray that the dumb computers are stupid, but I don't think that they are, right? But I want people to hear my heart in this, be ready, be prepared.
• 41:30
  I would rather be thirty, sixty, ninety days early than one day late, right? So especially when with what we're allocating into gold and silver, really silver, it's actually just thriving. I mean, it's doing really good. We're up from eleven ninety one, three and a half years ago to 24 today. It's like, that's over a % gain.
• 41:49
  That's amazing. Right? So allocate into that strength because the rest of the world is so uncertain that I'm convinced the only one that knows exactly what how it's gonna turn out is God, not open artificial intelligence, and none of us are God. Right? But we can use the wisdom and discernment he gives us to try to put some of these pieces together.
• 42:08
  And the pieces that were put in together don't make a big picture. They don't make a good picture. It's an ugly picture.
• 42:15
  Seth Holehouse: Yeah. And, you know, my kind of view as I've looked at this, I've also spent a lot of time talking to experts and researching, and it really just seems like it's a situation of it's when, it's not if, it's when. And because all these different things together. And the only thing I think is the variable is where I think this, you know, God comes in is that this is on God's timing, right? Whatever is, whatever's happening, you know, because there's a lot of experts have said, look, this this system should have broken and completely imploded years ago.
• 42:50
  But I remember there's an interview with Aaron Brickman, who's become a good friend of mine. This is back last year, I think. And he was talking about the stock market. He said, look, you know, the one thing, the one variable I've had to really keep at the forefront of my thinking is that the extent to which the the elites, the bankers can just pull off all kinds of shenanigans and trickery to extend things. That it looks like everything is heading a certain way, but it's like if their agenda, their plan isn't ready to be implemented, they can delay and delay and delay.
• 43:25
  Like, I think that if Trump wouldn't have gotten in, as an example, in 2016 and did what he did, that the banking system would have already collapsed. The central bank digital currency would already be in place. Right? But think that, again, he disrupted their plans and their timelines. So just, I really think it's if, it's not if it's when in this scenario, unfortunately.
• 43:46
  But, you know, one of the good things is I do think though that there are a lot of people that see this coming, and that the parallel economy and the amount of people that have exited from these systems that they control, I hope and I believe will be enough to have enough of a counter movement that they're not able to suppress that. And once that shift happens, and you have people that are on side A now having their every purchase monitored and controlled and everything and people on side B, they're saying, Look, we're outside that system, you're gonna have a massive uprising in the people that got trapped in that system. And I think that's going to really break everything.
• 44:27
  Speaker 2: Agreed. I agree so much. It's like the system we have to always remember, Seth, and for everybody watching, it's not a system that's meant to fix their broken system. It's a system meant to replace their system, not fix it. I'm saying replace it because it's done by the same people that broke the last one.
• 44:51
  Right? It's all about people control this time. That's not fixing a system. It's replacing it from freedom with paper money to complete control with digital money. That's the agenda.
• 45:04
  That's their goal, and that's what they're gonna get done. It's not gonna fix the ability it's not gonna fix the inflation problem. It's actually harder to create inflation with paper money than it is with digital money because there's actually a process to it. Right? You have to make the paper.
• 45:18
  You have to put it through the printing press. You have to put it in count. You have to cut it. You have to band it. You have to send it to the different banks.
• 45:25
  Digital inflation creation is just sitting at a computer, hitting a bunch of zeros, hitting enter, boom, done. You just created a trillion dollars in, like, less than a second. I mean, it's gonna be worse, but they don't care. It's not their goal nor is it their agenda to fix the inflation problem with central bank digital currency. It's to control the masses.
• 45:47
  Seth Holehouse: Exactly. Exactly. Well, Kirk, we're rounding out on our allotted time. So if people want to get ahold of you, we've got a website set up for one thing, you know, just it's which is goldwithseth.com. Or they can call you at (720) 605-3900.
• 46:05
  Again, it's goldwithseth.com, 7 2 0 6 0 5 3 9 0 zero. Those will be in the description below. And just, just a reminder for folks that, you know, when you work with Kirk, that's a direct way of supporting me. Because Kirk is, you know, you honestly, one of the main reasons why I've got my wife on this with me, I'm full time, we've got a few staff members that are helping because it takes a lot to put out this content. So I appreciate all the people that are watching and listening that have chosen to take that step.
• 46:35
  And the thing is, is that I feel good about it. Like I really do. I feel like in the future that when a lot of stuff happens, that people will look back and they'll be like, gosh, I'm glad I learned so much from Kirk about precious metals. I'm glad I took that, you know, that $10,000 I had set aside and put it into silver because now that becomes the lifeline. So it's something that I actually feel good about, which which makes it easy to rest at night.
• 47:00
  Speaker 2: Yeah. Amen. That's our goal. Bring peace in the midst of the storm through proper allocation financially. You know, again, we can't change a lot of the politics, but we can change our financial future.
• 47:12
  You just have to act. That's what we're here to help with. We love working with you, your viewers. They're awesome. They're just truly awesome because they get it, right?
• 47:24
  They get it from listening to you for so long. I just love to help people. That's why we exist. And so give us a call. Don't be afraid.
• 47:32
  It's not pressure. It's not sales. Strategically mapping out your financial future and putting something together that will help you withstand the test of the time and thrive. That's what we're here to help too.
• 47:44
  Seth Holehouse: Well, thank you, Kirk. It it's always great having you on, man. Take care.
• 47:48
  Speaker 2: You bet. Bye bye.