Latest / Man in America Podcast / Cycles Analyst Forecasts MASSIVE Market & Interest Rate Shifts Ahead w/ Dr. Charles Nenner

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Cycles Analyst Forecasts MASSIVE Market & Interest Rate Shifts Ahead w/ Dr. Charles Nenner · Man in America Podcast

• 0:00
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Hullhouse. One of my favorite topics to cover is cycles. It's looking back into history and seeing patterns play out, whether there's war cycles, the rise and fall of civilizations, the rise and fall of currencies, and people that study these cycles are fascinating to me. So I'm sure you've seen my interviews with Martin Armstrong.
• 0:22
  He's a very famous cycles analyst. My guest today is right up there with him. It's doctor Charles Ninner, who's also a very prestigious cycles analyst. And so we're gonna be talking about what he's seeing. I've had him on before.
• 0:33
  He made some pretty strong claims about a few things. One, interest rates gonna keep going up. He thinks for twenty or thirty years, you know, approaching nineteen eighties levels. He sees a major correction coming in the stock market. He's seeing significant wars coming over the next, say, three to five years.
• 0:49
  And so I'm gonna talk to him today and see where we're at in these different cycles, where the stock market is at, what he thinks happens with precious metals. That's a a big thing to me. I'm a big fan of precious metals. I wanna understand where is he seeing that fit in. So it's might be a little bit tricky or difficult, you could say, for some folks, because his cycles don't predict some Kumbaya.
• 1:10
  Everything's gonna be gonna be fantastic, and Nassar Desar is coming, and we're all gonna be really rich. I mean, there's difficult times coming, and his cycles affirm that, and almost everything that I've come to believe in my own research and talking to people says the same thing. So but the key is is that I want to be honest. I want to know what's really happening. I want you to know what's really happening.
• 1:31
  So I enjoy guests like him that he's not coming on here to to make you feel good. He's coming out here to give you an honest assessment of where we're at in history. So folks, please enjoy the interview with Doctor. Charles Niner. Doctor.
• 1:43
  Niner, it is an honor to have you back on the show. Thank you so much for joining us.
• 1:47
  Speaker 2: Welcome.
• 1:49
  Seth Holehouse: So I think that so much of what happens in the world right now is driven by the economy. And whether you're looking at at wars, the rise and fall of, you know, countries, empires throughout history, so much has been driven by the economics, but also the cycles of economics and cycles of wars. And so I really enjoy speaking to people like yourself or Martin Armstrong or different folks that understand cycles and study them and help us interpret where we are and where we're going. You know, I've I've seen it. I've been following your work, and, you know, it's very, very accurate in in saying, okay, here's where we are, and here's what comes next.
• 2:26
  And so when you're looking right now, and you're looking at the stock market, the different markets, there's a sense of like, oh, wow, things are doing really well. But I feel my gut tells me that we're on the edge of something, and that it's the, you know, feeling that we have of everything going really well is very shaky at best. So I wanna see what is your perception of just where the overall the world economy is, the American economy, where the stock market, where these things are right now, and where you think they're headed?
• 3:00
  Speaker 2: Well, the feeling is things are going well has to do with the cycles. They're still up, but they look toppy. I once gave you an example of if we both own IBM, and we bought it at 100 and it goes to 150. And IBM comes out with a great number, stock goes up and the Wall Street Journal will write. IBM has such a great number, people bought in to buy IBM.
• 3:27
  And if the same situation arises, we still bought it at 100, now it's 150. And now IBM came out with the same good numbers, and now it sells off. So the Wall Street Journal will say people don't think IBM will do better next year. So people took profits. What does it tell us?
• 3:45
  It tells us that even if you know the facts, but you don't know the interpretation of the facts, it's not going to help you. So even if you look at all kinds of stocks in the market, what the value is, the cash flow, whatever, you don't know what the interpretation of the market is. The same thing if the Fed comes out, you don't know what people expected exactly, so you don't know if it's going to influence or not. So it continues to be the situation that it's very hard for people to understand, first of all, how things happened in the past and how they will go in the future. So what you say is totally correct, but it's not only a feeling because we both know that the GDP is turning down right now.
• 4:25
  And I just saw Sunday I showed my cycles on the Goldman Sachs Commodity Index, which means that in a couple of weeks the inflation will pick up again. I'm always surprised that Fed has to go from months to months, they don't have the right tools. I mean, it's very clear what's going on and what's going to happen. So that's an interesting situation. Then the war cycles are still up.
• 4:49
  Well, you've seen that it explodes everywhere in the world. And it could still lead to a very big war in nearby future. And on the stock market, we are making a very, very long term top. Not yet, but it's coming. And I mean a top like the 1929 top, that's what we're talking about.
• 5:12
  That doesn't only has to do with the feeling. If you look at the numbers, I don't base my stuff so much on fundamentals, that in a few years that 50% of GDP goes away for only paying the interest on what The United States earns. And every child knows this is going to collapse. But because of political plays, you know, we continue as long as we can because the people in charge say, not under my watch. Let's take a hour later, I go out with a good name, nothing happens and it's getting worse and worse and worse.
• 5:46
  So that's what we're dealing with. And thank God we have the cycles and targets so we can pinpoint when things are gonna explode.
• 5:55
  Seth Holehouse: So with you saying that the stock market, as an example, is at a very long top similar to '29. My understanding of what you're saying is go ahead.
• 6:06
  Speaker 2: The the different the different ideas. One is the cycles that topped in 1929, which a lot of cycles topped together actually in '27. They topped again for the first time since one hundred years. I see. So the second thing is that stock market now with top fundamentals, simple fundamentals ABC.
• 6:28
  Stocks are overvalued and expensive and the GDP is going down. So we have something that's called the Buffett indicator. Mr. Buffett produced that years ago. And it looks like what the total capitalization is of stocks compared to GDP.
• 6:44
  And it's very extreme. It's extreme, extreme, extreme. So in the same time, we're throwing around money for ideas that for me as a European are totally unclear. Billions and billions of dollars to Ukraine based a fairytale that Mr. Putin likes to take over Europe, which obviously is not because he's not going to fight the whole NATO.
• 7:13
  Nobody makes any good decisions. I don't even know who's in charge in The United States. But you need a strong person and stronger government in order to fix these problems.
• 7:28
  Seth Holehouse: Yeah, I couldn't agree more, which is why I think what's happening heading into this presidential election is going to be very, very significant, which which we'll we'll get to in that. And so looking at the the stocks kind of peaking, actually, was pulling up I'll pull up just as one example, a a chart here that I did find that this might be something that illustrates a little bit what you're saying. This is only goes up to, say, 2020. This is showing the, the market cap and then the, national GDP. Right?
• 7:57
  Showing how the blue, the market cap, you can see, actually, after about, you know, 02/2012 or so, it's it's going higher and higher. Now, obviously, it doesn't show what's happened since COVID, but, you know, you're saying that the GDP is decreasing and the market cap is going up. So am I right in understanding that this is a a little bit of a warning sign. Right? This that when the the money in the stock market starts to really outpace the actual GDP of a nation.
• 8:25
  Is that an accurate understanding?
• 8:29
  Speaker 2: Is I have a lot of people who are new in the stock market, even from the broker that the markets go up like on the average 8% or 9%. That's true for the last one hundred years on the average. So let's take if you can bring back the charts. Let's look at the red line. Let's say the red line is the average, right?
• 8:46
  It goes around the average. Now in order to end up in the average, you see how much this market has to come down, it has to come down 2,000 points below the red average in order to get back to the average. So the whole fantasy is that it goes up eight -nine percent. Yeah, but if it's 70% above the angle of 9%, it has to go down 70% below the angle in order to go to the average again. So this is very nice visualization of what you see here that everything goes around the red line.
• 9:19
  And now it's so much above the red line. How do I ever get back to the red line, the average, only by selling off much below the red line.
• 9:29
  Seth Holehouse: I see. So it it it's almost like it has you have the red line, which is the g national GDP, and it and it you know, you see it goes above and below, but it always comes back. It always finds its center. But the farther it goes up, you know, maybe we see, like, oh, the stock market's going up, up, up, and then now GDP is going down. They're they're still wed together in some form.
• 9:48
  So eventually, that stock market has to come down and match, but it it doesn't come down and stop the GDP. It goes down far below the GDP, and then it comes back up, and it starts to balance out. And that's what creates that equilibrium. So do based on this and your other cycles information, I mean, do you think that we're heading for a a pretty significant correction of these exact numbers that we're looking at?
• 10:13
  Speaker 2: Well, not yet. We still have some time, but we're we're getting there. We just have to watch to watch the cycles and the price targets and be ready for it.
• 10:25
  Seth Holehouse: So what and it's it's not always easy to tell, but based upon the cycles, what kind of timeline? Because I you know, we you and I have talked before. We've talked a lot about the markets and interest rates and these various subjects, I think are really important to most people who care about what's happening in this country. So with regards to, you know, the stock market, for instance, it's doing really well right now. But as we're we're talking about it, it's really it's at that long top, and what comes after the top is the heading towards the bottom.
• 10:51
  So how much longer do you think that it can sustain this, steadiness at the top before it comes down? And what does that come down look like in your opinion?
• 11:03
  Speaker 2: I have a lot of studies on that on my website. The best thing is to see the charts and what sent out. As you know, it's charlesnana.com. People can gather for thirty days without signing up any credit card or whatever. And then they can see exactly how we calculate it, because I always think to know how we calculate it is more important than the end result.
• 11:26
  Because if you're up by a month or by two months, if you believe the way we calculate is correct, then you don't care if it's delayed by a month or two.
• 11:36
  Seth Holehouse: I see. And so what do you think that correction looks like when does arise? Are we talking about 30%, fifty %, seventy %?
• 11:47
  Speaker 2: Well, depends on how long it takes. Markets didn't crash exactly in 1929. It started in '27, came down, came up, came down on and then you had this terrible a few days in 1929. So that's how it goes. For people who know the Elliot wave, it goes down in five waves.
• 12:06
  You go down in wave one, then you stop a little bit, then people are used to buy the tips, they're going to buy the tips. Then it goes up in wave two and then it starts going down in wave three where people are getting afraid of selling. And you can calculate with Fibonacci numbers how low you go. Also my system that doesn't use the Fibonacci numbers has a different system that looks at momentum that says if I go down, let's say 15% on the first wave, then I can calculate how low we go until the whole thing is over.
• 12:36
  Seth Holehouse: I see.
• 12:38
  Speaker 2: But I just always like to bring up the fact that this will work if you don't believe things move at random. If you think things move at random, you will never look for these things to find. Now with AI, the intelligence now, they're catching up because it's still based on the wrong assumption that first something happens, what the computer is going to look for, and then we know the end result. And my system for forty, I don't know thirty five years is based on the opposite, what learning quantum physics that the cause and result are the other way around. Force the result and then the course, which the mathematic people, experts say, this is what follows when we will calculate it, but in philosophy, we can't understand how this works.
• 13:28
  So this is how it works. You have first the end result and then the cost. So for instance, when we're in zero stocks before the virus broke out, I had no clue, but I said something is going to happen over here, it could be anything. And this is often what I talk about, a lot of people heard about the black swan theory, that the gentleman who wrote that, and I always forget his name, wrote that there are going to be some situations you could not expect before they happen. So you have whole groups of intelligence that looks for what's going to happen, and we only look when it's going to happen.
• 14:05
  I don't care why it's going to happen. So it's a total different attitude that we don't deal something happens. Then you have the end result, we know what the end result is. And something on it could be a war, could be another virus, could be a government going on, who knows what it is. So we don't spend too much time on figuring that out, but the the end result is what counts.
• 14:24
  Seth Holehouse: That makes sense in a way that I can understand it. Now what are your thoughts on precious metals? I was listening to a recent interview with Greg Hunter, USA Watchdog, and, you know, you're you're quite bullish on precious metals. And I'll pull up that chart. So this is just showing gold, over the past five years.
• 14:43
  It's up a you know, a little over 80%. It's it's really been it seems like the new normal it's hit these days is right above, you know, 2,000. Right? 2200, '20 '3 hundred. What do you see as we're we're looking at the the GDP, the the stock market capitalization, Where do you see precious metals fitting in?
• 15:02
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• 15:50
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• 16:23
  Speaker 2: Well, we had a long term upside price target around 2,500. And I think on a June contract, hit 2,004 and 90 or so, something like that. Now it's going to be difficult to trade higher. In the end, we're going higher. But again, by the time that all the media will say, oh, watch gold is going up, then usually it's too late.
• 16:42
  It's also the same situation. Once an asset starts going up, nobody pays attention. And when it's almost at the top, then suddenly the media and the pundits pick up and then every small investor gets in. And then it's already too late. So right now it's a bit late, be long.
• 17:01
  You have to take a look at our cycles. We've got weekly and monthly cycles, and it'll tell you exactly when the next low is and what price the next low is and then you can go, go in and play the upside again.
• 17:12
  Seth Holehouse: And so what do you see because you mentioned being quite bullish on metals with Greg, what do you see over the next say, three to five years?
• 17:22
  Speaker 2: Well, I remember then the gold was around 2,000. And it went to 2,500. I see it going higher the next couple of years. Why do I always tell people to go and look at the website because the following thing can happen if I say it goes high the next couple of years, then you have the so called long term investors who buy gold. Then it goes down $100 doesn't matter, it goes up long term, but then it goes down $300 and now they don't sleep anymore.
• 17:49
  And when it's down $400 they sell out, and then it starts going up, but they miss the whole movie. So emotionally, it's difficult to be there for the long term, because it sounds good in theory, but try to do it and not missing out on sleep is difficult. So that's why I hate to say these things long term because people might invest long term. But if it goes against them, and they don't watch my cycles, then we knew it, but they don't know it. So they wait till it comes down.
• 18:15
  And then in a panic they sell out.
• 18:18
  Seth Holehouse: It's funny because I talk to folks, and I have that same experience. Like, you know, if I buy silver, say, you know, say, I think I bought some silver at, you know, $23 and say silver is down to $19, you know, every you know, people I know, they're they're freaking out and saying, gosh. I've already lost money. I've lost money. And for me, it's like, no.
• 18:36
  Like, you just you just let it sit there, and eventually, it's gonna be it's gonna be okay. Whereas now, it's it's approaching $30, but me personally, I'm not rushing to sell it because for me, I'm looking at it as very long term. It's like it's it's the it's the insurance policy. It's the safety for me.
• 18:51
  Speaker 2: Yeah. But that that's why our system takes out actually emotions because you don't have to wait till it goes to $19. We could tell you it goes to $19 and then you buy. So usually you're not on the wrong side of the market.
• 19:03
  Seth Holehouse: It makes sense. So we talked earlier briefly about the presidential election. Now, you're in is it Netherlands? Is that am I correct? That's where you're
• 19:12
  Speaker 2: where you're I'm now sitting in Miami, but I'm from The Netherlands.
• 19:15
  Seth Holehouse: Okay. And so from the outside looking in and looking at the economics and, you know, how that affects geopolitics, war cycles, etcetera. What do you see playing out in the election and toward, you know, this presidential election? I mean, we just saw recently in New Jersey, there's close to a hundred thousand people turning up for a Trump rally, which is just this is unprecedented, just almost in American history. And we're we're we're months and months and months away from the actual election.
• 19:45
  It just seems like every time they slap him with another lawsuit with more, you know, deliberation, more corrupt judges, that the American people react with more and more support. So how do you see things playing out this November?
• 20:01
  Speaker 2: I think a lot can happen. What I'm very worried about is terrorists coming to the southern border.
• 20:06
  Seth Holehouse: Yeah, me too.
• 20:08
  Speaker 2: And you don't hear how many of those people are. Let's say if you reach, for instance, the Chinese don't leave China without being approved by the Communist Party. So where does 30,000, 40 thousand Chinese every time come from? And if you will be an enemy of The United States, won't you send your people in? Maybe not now, but just in case.
• 20:27
  We're all situated already where we have to be. So I can't even say what I think about this election, that things going on that not that Europe is such a sound place politically, but what's going on in The United States. Nobody can explain it to me. It's total. I don't even know what to say.
• 20:46
  So I'm pretty sure that Trump is going to win. The problem is if you pro Trump, the Democrats put so many people in key places that what can he do? I watch sometimes the Congress, which are some favorites of mine that have to investigate the people that are going to be the new judges. And if you see the quality of the new judges, and how they lie and how they cheat, it's just amazing. So I think we got to a situation where nobody takes The United States seriously anymore.
• 21:17
  Internationally, the border is filled with terrorists, the budget deficit is going to blow up. I don't even know and the market is going to crash. I don't even know if it's nice for Trump to be a president. Because they're gonna say it's your fault.
• 21:34
  Seth Holehouse: Yeah, you're right. I'll give
• 21:36
  Speaker 2: you an example about cycles. For instance, Carter, now the discussion is Biden worse than Carter or not? That's what they bring up. So Carter had the cycles against him. Even when he tried to get the hostages out of Iran, they had the collusion of the helicopters.
• 21:55
  And then who came, then they voted for Reagan. Now Reagan was lucky because all the cycles turned up. That's why they voted for somebody like Reagan because the atmosphere became positive. So then they were going to vote for somebody who's positive. So he couldn't do anything wrong.
• 22:11
  And I'm afraid that when Trump is going to be elected, or the next time Biden whoever's going be cannot do anything right because of the cycles. It's not their fault. I mean, what can you do?
• 22:23
  Seth Holehouse: It's almost like there's a a a ship that's set on course, and it's it's going to hit a a giant iceberg, and you can't change that. And so one captain, he's he's like, okay. I'm done. It you know, it's been nice sailing. A new captain taking taking the the wheel is the one who actually is gonna be the captain when the ship hits the iceberg, but they can't change it.
• 22:42
  So, you know, Trump say Trump does get in, what you're saying, and it makes sense regardless of what he does, the cycles are saying that that those four years are gonna be really, really terrible. Right? Very difficult for United States.
• 22:55
  Speaker 2: Yeah. To see that Trump is gonna solve it, I think he will do better. I'm not a voter. So I say that as European. By the way, I had this idea that nobody came up with.
• 23:11
  So I understand that the Democrats don't think that you should show an ID when you vote. So if I would be a Republican, I would call all the tourists that like Trump to come over from China, Europe and vote. That's a big point.
• 23:30
  Seth Holehouse: That's a
• 23:31
  Speaker 2: millions of people that are gonna vote for Trump, whoever wants to just, know, actually buy your tickets, come and vote.
• 23:36
  Seth Holehouse: That's true.
• 23:37
  Speaker 2: But that's how great. But that's how crazy it is.
• 23:40
  Seth Holehouse: That's true. Make it like a giant international holiday. It's like the the patriotism of America holiday and all all of the, you know, patriots from around the world, they all come to they all come for that weekend in America. And it's gonna be, you know, you know, we'll have big celebration, and everyone goes and vote and votes. And we'll have
• 23:58
  Speaker 2: But we are missing something. Right? Is it possible or not?
• 24:00
  Seth Holehouse: I I, you know, I I don't know the specifics of it, but I don't see how it's any different than an illegal coming across and and voting in the election. I mean, to me that they're they're one in the same.
• 24:10
  Speaker 2: So what if China would send over 50,000,000 people, give them tickets, and they're gonna vote over here?
• 24:17
  Seth Holehouse: That could be that could be pretty crazy.
• 24:19
  Speaker 2: Come up with that.
• 24:20
  Seth Holehouse: Yeah. That's a good point. So so getting into overall population and and, you know, demographics, know, we've talked before about the war cycles. And and oftentimes, as my as I understand it, the war cycles and the economic cycles, they they are very, very closely intertwined. And we've talked before about what you're what you're seeing in the cycles is a pretty significant, even into the billions, number of people perishing during upcoming wars that your cycles are showing you.
• 24:52
  So can you give us an update and explain and give us little details on what you're seeing within the war cycles?
• 25:00
  Speaker 2: Well, I can tell you where the number came from. I was kind of forced to say that I didn't want say it. I like people still to have sleep nicely. If you take a chart of General Motors, and it goes up and down, up and down. Now the cycles will show you when the next up move is.
• 25:19
  So the cycles will show you when the next cycle on the work goes up again. But on the left side of such a chart you have the prices. And you can calculate from the last up move where the next up move is going to be. So the scary thing is if you calculate the First and Second World War, how many victims there were and you project it in the future, you come to a huge amount of people. That's how we do it.
• 25:48
  So all these things can be shown how to calculate. It's not that I just make up something. You can always say it will not work, the systematic, but for now everything works very nicely. So we have to take consideration that maybe if it's going to be a nuclear war, who knows where it's going to end.
• 26:09
  Seth Holehouse: And what do you see as a timeline for this kind of war?
• 26:16
  Speaker 2: Well, we still have this war cycle, we still have another six, seven, eight years to go. If we make it through those eight years, then we have some peace and quiet for the moment. The same thing as if you watch already USA Watchdog, 10 ago I talked about the social unrest in The United States, because it's sixty year cycle. So the change of the century, La Nouvelle et Poque at 1900 was a very good time of a lot of extremes. And then in 1960, even over the 60s, and now sixty years later, so even the people who think that they manifest something and they have the free choice to protest, it's not the free choice, it's the cycles.
• 26:58
  And that's going to be over in a couple of years. So let's see how much damage the country can handle, but it's not going to go on forever.
• 27:07
  Seth Holehouse: And that's that's an important question. Well, there's there's two parts to that. Is that one is what I gather from what you're saying is that we still have both economically, you know, in terms of finances, etcetera, but also in terms of war, there's still a window for us. It's not like you're saying the market's gonna crash next week, and that we're gonna get bombed by Russia in in two weeks. I mean, what you what you're seeing in this though it's frightening, to me, still gives relief that there is some time.
• 27:36
  There is some time for us to prepare to, you know, take our our finances, our assets seriously, to take our our living situation, our food supplies. We do have some window of time to prepare for this turmoil. Is that is that correct?
• 27:49
  Speaker 2: Right. And I just mentioned it to my wife a couple of weeks ago. Most people don't know that they think to save in treasury bills, but in the 30s, it took many years, I think almost eight, nine years for the government to pay back the treasury bills. And then the money was so much devaluated, so it didn't get paid anything. So you really have to study the subject.
• 28:09
  This is not how we make money. I always say, I'm a Dutch person, we don't want to lose money. Americans always say, how do you make money? We say, how do we lose money? And you can watch the research a little bit.
• 28:19
  So you know, this is the time that you have to try to be safe. And it's no joke, you know, it's not a matter of making a couple percentage up or down. It's really survival.
• 28:29
  Seth Holehouse: And so that's a good point, actually. I think that, again, going back to the discussion I have with people on silver, they say, oh, you know, it's down, you know, $2 or $3. And and for me, I'm looking at the long term of how do I not have this asset disappear. Right? I'm not saying how do I take this money and and and gamble and make a bunch more money.
• 28:46
  I'm saying how do I make sure that I'm preserving this aspect of my overall net worth? And it's very different. I think there's a lot of people, especially here in America that, you know, we have our fast food, we have Amazon next day delivery, we want everything happening very quickly. It's like our grandparents that they were planning for five years out when they're they're canning food, they're growing food, it's just part of the lifestyle that they're they're they're taking care of themselves five years ago, they're taking care of their next generation. And we don't seem to be doing that anymore, which I think is is not good.
• 29:15
  I think it's actually going to make this upcoming difficulty far more difficult for a lot of people, unfortunately.
• 29:22
  Speaker 2: Well, how about governments confiscating the silver and gold that you have? That would not be the first time. It's just that even Rome, One of the reasons Rome went under because they confiscated the gold and silver. So you have to know where to put your silver. We work with all the big investors, so we have all the contacts also overseas.
• 29:42
  So you know how to where to send it and how to keep it. You cannot rely on anything at the moment, especially if they bring in the digital dollar. Can you imagine the digital dollar, so they control everything you do. So let's say you want to go on vacation to Spain. Just no, no, you went last year on vacation, and it's too bad for the climate.
• 30:01
  You're not allowed to buy a plane ticket, you cannot go on vacation, who knows what's going to happen. I think most of the people have no idea how to go around that. So there's a lot to be studied. Do
• 30:15
  Seth Holehouse: you think that the central bank digital currency which we've talked about a lot on the show before, do you think that will have success? Do you think they'll actually especially in a place like America where there is so much independence and resistance to the system, do you think that they'll be able to successfully roll out a CBDC here and get rid of, you know, privately owned assets and cash, etc?
• 30:38
  Speaker 2: Well, two things. First of all, if you see what happens in the port these days, I don't know what you can trust anymore, who knows what they can do, look what happened with the virus. Look, I don't even know what you are in the army, what kind of sexuality, but we're not fighting the enemy, we're trying to figure out how to address yourself, where the gentle toilets are whatever. And the second thing is, I think the dollar is almost finished because the other countries, the BRIC countries are getting ready to do the anti dollar. So the whole thing is not like we used to, it's not going to be the dollar.
• 31:18
  So if that's the case, they cannot print dollars anymore, because it's not the reserve currency. Now, if you ask any economist, what will happen when the dollar is not the reserve currency anymore? There's no United States anymore. This is all loans and loans and credit. It's interesting, saw this in 02/2008 during the crisis, people that were thought to be multimillionaires were down to zero, because everything was at least against this and alone against that and nothing is real.
• 31:52
  So I'm more worried about what happens to the dollar than the digital dollar probably will be the last thing that kicks the dollar out, making a digital dollar. But the BRIC countries will come next year and I don't know what's going to happen with this deficit and the printing of the money. It's not going to continue.
• 32:12
  Seth Holehouse: So you think that the dollar itself is nearing its end?
• 32:20
  Speaker 2: Right. There's a lot of studies about, you know, I'm Dutch. So we ruled the seas in sixteen seventeen hundred, and the guild was the reserve currency, and then was taken over by Britain. But then the pound finished to be the reserve currency, and there was a dollar and every society comes to an end. So probably the Chinese currency is going to be the next one.
• 32:48
  Should we change ourselves into Chinese? Not so simple. But definitely what you see based on the cycles is that the East, meaning India, Singapore, Australia, China, Vietnam is where the economic expansion is going to be. Europe is going to stay in the middle and United States going And that's normal every two hundred two fifty years. That's how these continents and society change that place.
• 33:16
  Seth Holehouse: So that's a very important cycle to look at this with. It's not just about the stock market or what's happening with this particular item. The the bigger picture of the the global cycles and the rise of the East, the fall of the West, the the rise of the West, the fall of the East. And so so that's what you're seeing. It's a a lot of folks I've talked to have said very similar things is that basically, that the the reign of United States being the the number one world superpower, the leader, the reserve currency, the the the top dog that that that we're at the end of that.
• 33:53
  And that and that the East, especially these BRICS nations with, you know, centered on a lot of the Asian countries that they are now, like, it's also, like, we've gotten well, I had a whole an old history teacher who'd say, get fat, happy, and stupid. And America as a country has gotten fat, happy, and stupid. And that makes it right for the enemies to come in. And basically that we're
• 34:12
  Speaker 2: And and of course, the cycle is always two fifty years if you check it out, all these countries, the Dutch, the English, the Japanese ones and now United States is always like, I don't know why exactly that we still don't know two fifty years, which if you go back to the civil wars, it's about two fifty years is over. So now we have no problems. Only problem happens which toilet I'm going to choose. I mean, it's funny, but I mean, other people have to make a living. So how can you outperform them?
• 34:42
  You cannot. And when Hillary Clinton doesn't win, we have to send docs to comfort the students because they can't handle it. But this is a normal way that it goes, our grandfathers had to work hard. And then the next generation went to college. Now it's, you know, trust babies or whatever you have, they have no clue what's going on.
• 35:07
  And they don't contribute much to society. And that's always how it goes.
• 35:12
  Seth Holehouse: It's the fourth turning.
• 35:15
  Speaker 2: Yeah.
• 35:17
  Seth Holehouse: So Doctor. Niner, it's been great speaking with you. Before we sign off, I want to pull up your website one more time. CharlesNiner.com. As you mentioned, no credit card required.
• 35:28
  Like that, there's a free trial, thirty days to access your information. You know, I've been following you for some time. I find you to be consistently very accurate. You're not sensational. You don't make bold claims that don't come true.
• 35:39
  You're very careful with your words, but what you say carries a lot of weight to it. And so I appreciate what you're doing. I appreciate you, you know, giving myself and our audience the time. And thank you again for being here.
• 35:51
  Speaker 2: You're welcome. We'll see you again.
• 35:53
  Seth Holehouse: Alright. Take care. Alright, folks. Hope you enjoyed that interview. I've now got a very short, maybe twenty minute or so interview with my good friend, Doctor.
• 36:00
  Kirk Elliott, on some pretty important updates on what's happening with silver, especially as it relates to the military industrial complex and this currency and economic war between America and the western central banks and BRICS nations and China, Russia, etcetera. So folks, please enjoy. Kirk, great to have you on as usual. I know you've got a lot of big news items for us, so I'll just let you start where you want to start at.
• 36:26
  Speaker 3: Well, it's great to be with you again. And, you know, we've been talking about silver for quite some time. And a couple of weeks ago, I think it was two weeks ago on the show, we had talked about how China made this official announcement to its citizens, Hey, stop buying gold and let's start buying silver. So when you think about it, over a billion people, even if they just bought one ounce of silver, that would be 50% more than the entire global mining production of silver coming out of the mines just from that country. However, they don't need that much because India has already committed to 66% of all the 2024 production.
• 37:11
  So you're only talking about 34% of the entire I mean, you start to think of this number and it's like, oh my word, they're going to silver is going to run out, right? So this is why China actually encouraged the citizens to buy it, because what's going to happen? They're going to toast the Western banks. So the Western banks like London, New York, everything in the West, they have right now, if you look at the Commitment of Traders report, over five sixty eight million ounces of silver. So it shows the number of short contracts by commercial.
• 37:54
  That's not the total number of ounces. That's the number of contracts. There's thousands of ounces per contract. So that's five sixty eight million ounces when you do the math of silver in short positions. Okay, so what does that mean?
• 38:14
  Right. So that means
• 38:15
  Seth Holehouse: Translate that for Yeah,
• 38:17
  Speaker 3: these criminal banksters who did naked short positions, which means they can actually sell short something that they don't own. Well, it's like illegal for other people to do, but they can do it because they're big, huge international money center banks. So why would they do that? So number one, they have so many short positions because the Friday before the drones flew from Iran into Israel and the Iron Dome blew down these 300 drones, these paper aircraft almost. It's like, Okay, goofy.
• 38:56
  But the day before that, they issued 1,200,000,000 ounces of short positions in silver. It's like, what? 1,200,000,000.0. Now there's $568,000,000. So they got rid of about half of their short positions in the last few weeks.
• 39:15
  So it's like, why would they do that? Why in the world would they do that? Well, they knew that they had to issue these new short positions, generate cash to get rid of some of the old ones because they had so many shorts that when prices go up, they lose money hand over fist. So what are they expecting? By that tune, going from 1,200,000,000.0 to 600,000,000, they think silver is going to go through the roof.
• 39:39
  Right? So what did China do? China actually this is why they probably did that, had to pay some of those off, but there's still almost 569,000,000 ounces of silver short. So this morning, before we're recording this, silver went up like $0.20 So when prices go up, you lose money hand over fist if you're shorted because it's leveraged losses. So as silver continues to go up, China's expecting to destroy the Western banks.
• 40:10
  So what else is going to cause silver to go up outside of short covering that we're going to see a lot of? I mean, we could see this starting this week or any time probably over the next ninety days, the way that short positions work. It's like, we could be actually in the ballpark to see silver absolutely soar before the fall. I mean, this is really amazing, right? And before the election, right?
• 40:38
  When this is going to show that things are falling apart. So what else is causing demand to go through the roof? War. Right? We're in a war economy, according to Martin Armstrong, which you've interviewed before.
• 40:52
  And he's a brilliant forecaster. I mean, stinking brilliant. So in a war economy, you need missiles, you need torpedoes. Well, there's this article that came from silverwars.org, great research institution if you're looking for things on silver. So silver use in seven torpedoes comes to 34 kilograms of silver.
• 41:19
  So in each torpedo, there's about 11 or missile, there's about 11,000 ounces of silver per missile. It's like, oh my word. So you think of how many of these things are shot off in a war. That's really expensive, Seth. Like, really expensive.
• 41:38
  The Department of Defense is the largest purchaser of silver on the planet. Then comes like aerospace and then electronics and then, you know, solar and then fuel cell technology and all that. But the DoD is the largest purchaser of silver on the planet. So think of all of these missiles shooting off, all these torpedoes going off with 11,000 ounces of silver in them. That's crazy.
• 42:06
  Crazy to me how much silver is just going away that you can't reclaim. It's not coming back, right? So again, higher prices are coming in silver. What's another reason that gold and silver prices are going to go higher? Well, we've got the emergence of central banks coming our way, right?
• 42:27
  So this article is actually quite If it weren't so scary, it would be funny. Just like when we saw a couple of weeks ago Jared Bernstein trying to explain the printing of money. I mean, what a bumbling buffoon. Right? And he's the one speaking into Biden's ear about the economy.
• 42:50
  Well, listen to Harari, World Economic Forum, evil doctor, evil science guy. Right? So what is he saying about what's coming next and the printing of money and inflation? Well, let's just watch this video and listen, because I'll explain it after. It's only about a minute long, but it's worth the watch.
• 43:13
  Okay.
• 43:13
  Speaker 4: When I look at at Bitcoin as an as as as a as a historian, I don't like it because this is a money built on distrust. The central idea of Bitcoin is basically electronic gold that we don't trust the banks, the governments, so we don't want to give them the ability to create as much money as they like. So we create this Bitcoin. It's a currency of distrust. I do think that the future belongs to electronic money, but what we've seen over the last centuries is that it's actually a good idea to give banks and governments the ability to create more and more money in order to build more trust within society.
• 44:03
  So I'm not sure what kind what money would look like in twenty years or thirty years, but I hope it will be a a currency of greater trust and not a currency of distrust.
• 44:18
  Seth Holehouse: So how funny is that that his solution to helping us trust the government more is to give the government even more ability to print unlimited money? Like, this guy's a genius. He's great. Right?
• 44:36
  Speaker 3: I mean, isn't that just downright stupid? Okay. So here's okay. So here's what I think that he's saying.
• 44:44
  Seth Holehouse: Folks, at the very heart of our democracy lies a principle we hold sacred free speech. It's the cornerstone that supports every freedom we cherish. Yet in today's digital age, discussions about our wealth, our rights, and our future are being silenced or overshadowed in mainstream narratives, leaving many feeling voiceless in conversations crucial to our financial independence and security. This is where Wealth Protection Research steps in, armed with a mission that's never been more critical. Wealth Protection Research is not a financial advisory firm.
• 45:14
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• 45:41
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• 46:13
  So folks today, text ideas to 76626 to claim your free copy.
• 46:20
  Speaker 3: So he's right in the first part of it. Bitcoin is a currency of distrust of the government. Right? So is gold. So when you look at those two gold and cryptocurrencies or precious metals in general, gold, silver or cryptocurrencies have the same fundamental reasons why people want them.
• 46:41
  Number one, they want privacy. Cryptocurrency, decentralized blockchain cryptocurrency is private. So are tangible assets like gold and silver in their physical form. And people who invest in those want growth. Well, you get growth in cryptocurrency, you get growth in gold or silver.
• 46:57
  So the foundational issues of crypto and precious metals, I think, are the same. Now, the tool to get to that point is different. Cryptocurrencies are digital. Gold and silver are physical. So to me, here's where the major disconnect comes in is why you wouldn't want cryptos, because with the flip of a switch, they can cut you off.
• 47:19
  It's like, no, they can't do that, Kirk. It's decentralized blockchain. It's private. How do you own your Bitcoin? Through a wallet, a centralized wallet or a decentralized wallet.
• 47:28
  Like Russia, for example, got if you had an IP address that was in Russia or you even had a Russian surname, Coinbase cut you off. You couldn't actually access your Bitcoin because your coin wallet company that actually stores all of it wouldn't like you. Right? So to me, digital is digital. It's still not safe.
• 47:51
  But what Harari is talking about here is, well, we don't want that. We don't want something that's built on the basis of distrust in the government. So how about this? How about we just let governments print as much money as they want to to build trust? It's like, how in the world does that make any sense?
• 48:10
  Well, here's what I think he's thinking. If you print money without discretion, you're going to have money for handouts. You're going to have money for entitlements. You're going to have money for universal or basic income, right? Guaranteed income to everybody.
• 48:26
  You're going to have money to fund stupid stuff like what Biden just did in giving homebuyers a $400 credit on their mortgage payments every month. It's like, what? They're just throwing money at people like willy nilly to get their votes. So this is how you build trust in the government with unlimited printing of money, is you're basically buying their votes. You're not buying trust.
• 48:52
  You're buying your votes. Right? So there's a difference there. But I think that's what he's saying is if you give people something, they're going to trust you. Right?
• 49:01
  Well, no, they won't. They're still going to have a distrust of the government. They're just going to realize we're weaseling our way out of some free money out of the government and who knows who it's costing. It's going to cost all of us is what it's going to cost. So I just think that that's a very telling statement of what's coming next, because obviously, we're very deeply ingrained in the globalist movement and the world economic forum and central bank digital currency, and we are all worthless eaters.
• 49:33
  It's like, what in the world? This guy is evil. Right? But but so this is what's coming is is he said digital currency is coming, and that's not a bad thing. So reconditioning people for central bank digital currency, centralized money that you can trust.
• 49:52
  I'm starting to sound like a used car salesman, but you know what, Seth? You can trust it because the government's going to give it to you. And so that should be a reason why you don't want to trust it. Right? So here's what's starting to happen, which I absolutely love.
• 50:09
  Absolutely love these next couple of stories. So Nebraska, one of now 13 states that has basically just passed legislation to make income taxation on the sale of precious metals not legal. Right? So here's where it's income taxes on the sale of gold and silver is not lawful. So they still have to pay federal income taxes like capital gains when you sell gold or silver, but no more state taxes.
• 50:43
  So they're one of a handful of states that are now going down that road. The rationale behind it is this is in the Constitution what the founding fathers envisioned, actually legal money. And you don't tax money. You know, if I were to give you $20 and you were to give me $20, we're not taxing those transactions. It's just the movement of currency.
• 51:07
  Right? So so in their mind, gold and silver is actually a true legitimate currency. Moving in the right direction right now. State legislation that says no taxation on the sale of physical gold and silver because it's actually currency. Now, this is going one step further to the federal level.
• 51:30
  So Representative Mooney from West Virginia has legislation. He's introducing a bill to end federal taxation on gold and silver. Federal taxation. That's no more income tax, no more capital gains tax on it, right, because it's currency. So I don't know if that's going to pass.
• 51:51
  But the fact that people are thinking about it, that congressmen and women are floating bills to get this stuff done, is telling us that we are moving closer and closer and closer to a new currency that politicians that are in the know don't like what's coming. And I think they know that there's going to be state chartered banks backed by gold. They know that the BRICS nations are wanting to start their own central bank, a native central bank to their currency. So forget the yuan, forget the rupee, forget the ruble. Right?
• 52:27
  Forget the dinar. All these countries that are part of BRICS plus plus plus, they just now want a central BRICS central bank. Let's call it their currency, the BRIC. I don't know what it's gonna be called, but let's just say it's called the BRIC. Well, they want the brick backed by gold.
• 52:44
  And so and they how are they doing it? They're doing it sneakily right now with China having over 30,000 tons of gold, Russia having a thousand tons, India having 600 tons. And now that they're genius plants by by some Russian economists that are doing something different to get rid of the petrodollar. So their oil is when you trade it back and forth internationally, it's traded in the US dollar. Then they went one step further and said, hey, we're going to actually trade in our own currencies and get rid of the petrodollar to destroy the petrodollar, right?
• 53:24
  Well, this Russian economist just went one step further. The proposal is we're going to peg one barrel of oil to one gram of gold. So it's like, Now, Biden actually eliminated our strategic oil reserve. So it's got to get replenished by law. Has to be replenished.
• 53:47
  So as of January, though, the BRICS nations now have Saudi Arabia, United Arab Emirates, Russia, all these big massive oil producers. So they're all in cahoots with each other. So if you now peg one gram of gold to a barrel of oil, that actually systematically dismantles the US dollar. But what else could they do? So an analyst with Credit Suisse came back once.
• 54:18
  I think his name is Zoltan or something like that. But he came back and said, this actually has pretty thoughtful legs to this idea, because all you have to do if you want to destroy the West and bump up the BRICS nations is change the peg. Change the peg to one gram of gold equals two barrels of oil. That would put gold at $3,600 an ounce. And who owns over 32,000 tons of gold?
• 54:52
  The BRICS nations. So by doing that, by changing how oil is traded, not in terms of the petrodollar, not even in terms of their own currency anymore, but in terms of being pegged to one gram of gold. This could actually completely destroy the US dollar and completely bring the BRICS nations to this massive amounts of wealth when they own 32,000 tons of gold collectively amongst those countries. And all they have to do is change the peg if anybody wants. I'm I'm going to say that this policy expands outside of just Russia to any of the BRICS nations.
• 55:36
  Right? So OPEC, basically, Iran, United Arab Emirates, Saudi Arabia, all these countries that are now part of this BRICS consortium, if they've got oil, their oil pegged to one gram of gold, two barrels of oil pegged to one gram of gold, three barrels, I mean, they could absolutely take over the world economically. And I hate talking about it because it's brilliant and it's not us. Right? I mean and I think what they're doing is is systematically destroying our way of life in America, and we're letting them do it.
• 56:19
  Seth Holehouse: So it's almost like, you you know, the past, say, hundred years or, you know, more than that. But since the Federal Reserve, since then, you know, the the seventies when we we came off the gold standard, that The United States has really maintained its global leadership and control primarily through its money printing. Right? That's how we build a fund wars across The Middle East. I mean, do all these, you know, color revolutions all over from the military industrial complex.
• 56:50
  Because we've actually been, you know, the monopoly bank, we just keep printing. And it's actually funny because Elon Musk just shared this meme showing the monopoly bankrupt. It said, like, it was a kind instructions, like, what happens when the bank runs out of money? It's like, oh, they just create new money. Right?
• 57:06
  It was like, yeah, that that's how it works. That's how the Federal Reserve works. So that we've maintained this control for a long time through that way, and that but what's happening now is that there's a shift going on where it's that's being destroyed, and now wealth is returning back to those who hold the assets. And so with The United States, like, you know, assets, what are the assets? Well, oil, obviously, is a big asset of a nation.
• 57:31
  Gold is a huge asset as well. We know that our our oil has been gutted, you know, thanks to, you know, resident Biden. But the gold are you aware? Do you know how much gold The United States actually has? I know there's different rumors, and do we even know how much gold we have?
• 57:47
  Speaker 3: Nobody knows, Seth. This is the big problem. This is why going back decades, Ron Paul was trying to audit the Fed. Other politicians have tried to audit the Fed, all without avail. And even under the Freedom of Information Act request subpoena from Congress just recently, like literally like a month ago, said, how many countries are repatriating their gold?
• 58:14
  We want to know. Well, they said, Nope. I mean, literally, just Nope, we're not telling you. It's like, What? What do you mean they're not telling us?
• 58:22
  Well, they're unauditable, so nobody really knows. Is there gold in Fort Knox? Is there even a Fort Knox? Is it held in basement of the New York Fed? Is it not?
• 58:32
  If we do have on paper on the ledger that we're storing metals for Germany and Japan and all these other countries, do we still have it or has it been oversold to other countries and releasing it out? Nobody knows these answers. My guess, my guess, just a guess, knowing how the Fed operates, we don't have it. Or we have less than what people think because they're going to profit from holding other people's stuff. The reason I say that was because about fifteen years ago, Angela Merkel, you know, basically leader of Germany at the time, wanted all of the gold rehypothecated.
• 59:12
  She wanted to bring it back to the homeland. And so the Fed said, sorry, we don't actually have it. We'll give it to you in seven years. It's like seven years. It's like if that were my money and I were a nuclear power,
• 59:28
  Speaker 2: right?
• 59:28
  Speaker 3: You know, like Germany, I'd said, uh-uh, I want our money now. Right? It's like you were just holding it. You're not supposed to use it. But this is the kind of nonsense that goes on, which is why I don't think that we have as much as people think that we have or even have any at all.
• 59:47
  Seth Holehouse: Interesting perspective. And and that is key because if you look at what's happening with China, Russia, India, the BRICS nations, you see them scooping up gold and silver like mad. Whereas you have The United States, which you would make sense. Right? If it was under Trump right now, I'd imagine that he'd be buying gold.
• 1:00:06
  He's he's smart. He'd be saving our oil. He'd be drilling our nation. He he knows that this is how you fight a war, economic war. But the opposite is happening.
• 1:00:16
  So it's kinda crazy. So if if folks want to, in their own micro scale, do what bricks are doing, and they wanna start amassing their own private vaults of gold and silver, it's what you do. We've got a website people can go to fill out a form goldwithseth.com. They can also call you if they wanna do that. What's the phone number best to reach your team, Kirk?
• 1:00:36
  Speaker 3: Seven two zero six zero five three nine zero zero. That's (720) 605-3900. Just say Seth sent you or go to goldwithseth.com. Brings you to the same place. Fill out a form.
• 1:00:52
  We'll get scheduled with one of our consultants, and we can actually answer any questions that you have to get you safely allocated away from some of this nonsense that we're talking about.
• 1:01:02
  Seth Holehouse: Great. Well, Kirk, thank you. It's always great having you on. I appreciate it. Take care, and god bless.
• 1:01:08
  Speaker 3: My pleasure. God bless.