Latest / Man in America Podcast / Banking Collapse Accelerates: Are They Doing it ON PURPOSE to Force a CBDC?

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Banking Collapse Accelerates: Are They Doing it ON PURPOSE to Force a CBDC? · Man in America Podcast

• 0:01
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Mulhouse. So you probably saw the show I did with Kirk Elliott on Sunday night, was kind of an emergency broadcast looking at what's happening with the banking system. Last week, we saw I think it was three pretty large banks fail, including one of the the SVB, which was the second largest bank to fail in US history. And on Sunday night, we talked about how we have to pay attention to what happens this week.
• 0:30
  Are there gonna be bailouts? Is it gonna ripple into the stock market? Is it gonna affect banks in other areas of the world, other international banks? And so today, we're gonna be doing an update on really everything that's happened in the past couple of days because a lot has happened and trying to make sense of what's happening and make sense of where this is going to next. Doctor.
• 0:50
  Kirk Elliott, it is good to see you as usual and I think it's our first time doing two shows in a week but this is like I'm on the edge of my seat with what's going on here.
• 1:00
  Speaker 2: First time in the ever we've done two in a week and but you know, it's it's, you know, different times. It's it's crazy. And don't let the dark circles under my eyes fool you. I'm not turning into a raccoon. I just haven't slept because there's so many people calling in, and everybody that's calling in is full of fear, Seth, like full of fear.
• 1:22
  And what we have is solutions to help them navigate through this. But I understand the fear and the trepidation because when you see a big bank fail, what's the automatic response? What about my small bank? What about my credit union? What about my middle sized bank?
• 1:36
  It's like, these are people's hard earned assets, right? These are everything they've worked their whole life. This is their cash. And the backdrop of all of this is we have to understand the perception of banks isn't what people think that they are. Because when people call me and say, I want to invest in gold or silver, right, I'm going to sit in cash on the sideline, and I'm getting out of all my stocks and bonds.
• 2:00
  That's generally kind of how a conversation goes. So you have to start thinking in reality what that statement means. Sitting in cash at the bank. So people's perception is big, huge marble edifice of a building with these big marble columns and these marble steps that go up into this building that has this big round steel vault door. And when you open it up, these these wads of hundred dollar bills wrapped in in paper all come flying out because there's tons of cash in the bank and it's safe.
• 2:29
  That's not the reality. And we saw this happen starting on Friday. Right? The reality is since the summer of twenty twenty, the federal reserve regulation D put the reserve requirement to zero so banks don't have to have any money on hand. And when you put money in the bank, realize banks aren't in the business of lending money.
• 2:51
  They're in the business of using your money to invest. And what do they invest in? Sadly, the same thing that you just got out of stocks, bonds, mutual funds, real estate, and other companies, right? That's what they invest in. So when you say I'm gonna diversify in a little bit and sit in cash on the sideline, that cash is just the ledger entry for what you should have in your name.
• 3:14
  But what the bank is doing with it is in investing in the same stuff that you got out of, and it's dangerous. And when it starts to unravel, it unravels quickly because banks don't have to have any money on hand as of the summer of twenty twenty. And when we start to see a run on the banks, like what we saw over the last few days, and there's nothing on hand, boom, they have to shut their doors. The FDIC steps in and supposedly has to cover all of this. There's not enough money to cover all of it.
• 3:46
  Right? Or maybe there is and we should talk about that.
• 3:49
  Seth Holehouse: Yeah, there's a lot. Yeah, exactly. And I'm glad you mentioned fear with this because I think it's really important that we're very conscious of our fear because for me aside look, if I'm running away from a lion that's trying to eat me, fear plays a good role in that. It's maybe it's helping boost my adrenaline and make me faster. But I think it's really important for us to try to keep our fear in check because it's, you know, fear has been the tool they've used for the entire COVID pandemic to force people into things.
• 4:16
  And so I think it's really important that, you know, whatever our situation is, is that we try our best to keep ourselves calm and look at things rationally. And you know, let this be a good impetus for taking action. Let this be a thing that's like, okay, okay, now I'm finally gonna take that one movement to, know, buy that silver or, you know, pay off the land before, know, whatever it looks like. But I think it's really important though that we try to stay calm and just trust that, you know, for me at least it's at the end of the day, just trust that God's in control, you know, and I know that you're the same way. So like whatever whatever plays out, God is in control.
• 4:50
  And so at the end of the day, it's like, I guess, you know, at the of the day, we're all gonna be okay if we have our faith in the right place. So Yeah. So digging into more of the specifics, there's an article that you sent me which we should start with. This is from Edward Griffin, who's the author of the book, The Creature from Jekyll Island and someone that I think understands the corrupt Babylonian magic, you know, absolutely evil banking system better than most people. So how about we pull this up and you can read through a little bit of this because this really helps set the stage for what's happening.
• 5:28
  Speaker 2: Yeah. So great article. Well, it, the the highlighted part at the top. So Biden administration bank bailout effectively guaranteed the entire deposit base of The US financial system, like truly. Okay.
• 5:44
  So this is a complete about face of what they said they were ever going to do. Because you go back eight years, the g twenty nations met in Australia and said there's gonna be no more bailouts. Too big to fail. Anything can fail. Governments don't have enough money to bail out a banking system, right, or a bank or a big one, right?
• 6:00
  So then even on Friday, Janet Yellen said, hey, SVP depositors, right, there's hope, but we're not gonna bail anything out. It's like, what? How can they have hope if you're not gonna bail it out and the bank's going under? Right? So there's something brewing behind the scenes.
• 6:18
  And I was I was thinking at the time, bail in. Right? Okay. They're not gonna do a bailout. They're gonna do a bail in, which technically there's it's all taxpayer money.
• 6:26
  There's really not much of a difference there, bailouts are from your our taxes. Right? Going to the government, the government bills things out, and that's voluntary. Whether you pay your taxes or not, it's voluntary. And people will argue with me and say, Kirk, no, it's not voluntary.
• 6:41
  It's like, it is. You don't pay your taxes. You go to tax jail, but you still send in the check. It's voluntary, right? A bail in is not voluntary.
• 6:50
  It's a special purpose one off tax that if you have a hundred grand in the bank and they do a bail in of 10%, you have 90,000 the next morning. You don't have a choice, right? So that's where I thought we were going. And they probably still are. It's going to be up to the depositors to bail out their bank.
• 7:06
  But this article of basically talking to Altman, who was Clinton's Roger Altman was president Clinton's former treasury secretary. What was he? He was a deputy treasury secretary under Clinton. So smart guy, understands the treasury department. Here's his interpretation of what just happened.
• 7:29
  On Sunday, after you and I recorded this, which is why we're having another recording this week. So I'm gonna read the top. In a joint statement on Sunday, the treasury department, Federal Reserve, and FDIC said they were taking action that fully protects all depositors at SVB and Signature Bank. Roger Altman, the former deputy treasury secretary under Bill Clinton, told CNN that, in the in quotes, what the authorities did over the weekend was absolutely profound. They guaranteed that the depositors, all of them at Silicon Valley Bank, he said, and what that really means is that they won't say this is that they have guaranteed the entire deposit base of The US financial system.
• 8:15
  He said that because all SVB deposits were protected, deposits in other banks are also guaranteed, he stated. So this is a breathtaking step in which effectively nationalizes or federalizes the deposit base of The US financial system. So what are the implications of this? Oh, nothing's too big to fail. They're gonna bail out everything.
• 8:41
  They're going to print more money than what you have any idea they could print, which will cause massive inflation. They'll have to raise rates to slow down that inflation. This one decision has implications that are broad and reaching and devastating because of the inflation that it'll cause. But here's the thing, Seth, I don't think that they care about that because what they just did by nationalizing banks paves the way for central bank digital currency, which is what? It is a bank digital asset money.
• 9:15
  You know, it's central bank digital currency that's basically backed up by the government. So a government issued bank. So this is where they're saying, hey, we just nationalized all this whole problem. We're good. Private banks, bad.
• 9:29
  Right? So let's go the digital route where they can actually control and command everything that you buy or sell and have complete control over you as a person. Because if you want to control a person, you control what they spend. To me, this is a huge step forward moving towards central bank digital currency when they basically nationalized all deposits that will create an inflationary firestorm because there's more banks that are failing. This SVB, I think as big as it was, $173,000,000,000 in deposits, second largest bank failure in history, followed by signature bank, the third largest bank failure in history that happened on Monday.
• 10:14
  It's going to spread to larger banks. What if it spreads to the banks that have massive amounts of derivatives debt? I mean, the the the domino effect that could happen from this when they just said they're nationalizing this and protecting depositors assets, who cares if they deposit, if they protect your assets, if inflation could go to millions of percent a year like it did in Germany, it did in Venezuela, I mean, it really won't matter.
• 10:38
  Seth Holehouse: Exactly. And so I'm gonna play a quick clip from Tucker, which Alex Jones had on his show talking about as well as Alex Jones was right scenario. So they pull this up because this I think really, you know, Tucker as he usually does in a very short period of time summarizes something very well. So what he's talking about here is is this really leading the paving the way for a central bank digital currency. So I'll go ahead and pull this up for folks.
• 11:03
  Speaker 3: Well, we know we're about to see bank consolidation, big banks eating little banks, and that means less competition. More consolidation means more government control. So what are they gonna do with that control? Well, all things being equal, if people don't start making a lot of noise and exerting an awful lot of pressure, it'll mean digital currency, a currency that politicians control. Sign up for the CBDC app to get your food stamps.
• 11:29
  You think that's not coming? Of course, it's coming. They'd like it to come in any case.
• 11:36
  Seth Holehouse: So he laid it out quite raw, and that's what you can see with this. You can see that it's everything's moving towards a a nationalization, but I want to touch upon the derivatives debt because this is something that I didn't really know what this was, it's actually not until I read the creature from Jackal Island that I started to understand what derivatives were and how significant it is, but you sent me a website that tracks if The US banks what the derivatives debts are. I'm gonna pull this up because this is mind blowing. It's absolutely mind blowing. So let me get this up for y'all.
• 12:11
  Right here. So yeah, banks ranked by derivatives. So this is a report date. This is from late last year. I mean, is this JPMorgan Chase fifty five trillion dollars in derivatives, Goldman Sachs fifty one trillion, Citibank forty six trillion, BOA twenty two trillion, Wells Fargo twelve trillion.
• 12:36
  Can you explain what this is? This just seems absolutely insane.
• 12:43
  Speaker 2: Well, okay. If debt weren't bad enough, derivatives is multiplied debt. It's highly leveraged debt, right? And there's all kinds of fancy definitions for it, counterparty risk, things like that. It's basically insurance against other bad subprime things, right?
• 13:01
  So it's this leverage stuff. It's futures market type stuff. Right. So let me put it into layman's terms as best I can because it's very complicated world. But a derivative is highly leveraged debt.
• 13:13
  It's not just regular debt. And so most derivatives are leveraged at a factor of 20 to one. Meaning, if you want to take a risk and a bet on something like this, let's just say you have a futures contract on the stock market and you put it into a highly leveraged derivative, right? And you're expecting the stock market to go up. Well, if it's leveraged 20 to one, a 5% move times a lever of 20, you get a hundred percent return on your capital.
• 13:44
  So it's for like the gamblers of the investing world, right? And it's counterparty risk. And we'll explain what that means too. But if you get the trend wrong and it goes 5% in the wrong direction, you lose a % of your investment on a 5% move. Well, what about the stock market?
• 14:02
  Last year went down 30% for the derivatives that we're exposed to it. That's a 600% loss. It's like, well, how can I have a 600% loss? A % is everything I had. Yeah.
• 14:12
  But now there's a margin call on extra, right? This is how things can spin out of control. So let's kind of explain it in the insurance world, right? Let's say you're a property and casualty insurer and you have flood insurance And, you know, so there's a hurricane coming into Louisiana, and you have the flood insurance on it. It's like, oh, man.
• 14:34
  I don't want the whole state. Let's get rid of New Orleans. And you you put that off to some other insurance carrier saying, we're going to keep all the state, but we're giving you New Orleans. Well, then that insurance carrier says, well, man, New Orleans, that's pretty risky. I mean, we're concentrated here.
• 14:49
  Let's get rid of the Tenth Ward or Ninth Ward or whatever. Right? So they get spin that one off to somebody else. Well, then the hurricane comes in, and that last insurer has the one that's underwater like all the time, and they go out of business. Well, then what happens to the people that need the insurance coverage, the flood coverage that they bought?
• 15:09
  Well, that company's out of business. So then they go back and they say, hey, insurance company that sold it to the one that bought the Ninth Ward, say, okay, now you're responsible. The ball rolls uphill. And they say, well, we can't do that. We we now got earthquake insurance in California with those proceeds.
• 15:26
  It's like we're we're tapped out. So they don't have it. So then the ball rolls uphill again to the original company that spun it off and see how this happens. And they've already done something else with their money. So now there's all these people that have all this debt to pay, and they've gone into other debt and other things, and it's just this multiplier, and everybody ends up going out of business.
• 15:47
  Right? So in a nutshell, derivatives are worse than debt because it's leveraged debt, it's multiplied debt. And if you look at that list, what if it wasn't Silicon Valley Bank that went under? What if it were JPMorgan Chase? Well, who's going to cover $55,000,000,000,000 worth of debt?
• 16:09
  Nobody. That's almost double the amount of debt that the entire United States has had from 1776 until now with one institution.
• 16:20
  Seth Holehouse: That would collapse the entire banking system and probably the entire global banking system, right? Because these
• 16:26
  Speaker 2: The
• 16:27
  Seth Holehouse: JPMorgan is not just in The United States. I mean, and so is this like if we take a look at Credit Suisse, which I think we should talk about, like, actually, I'll go and pull that up because we should look at this. So this is an article. This is just from they're updating it date, you know, like by the minute now. This is on CNBC.
• 16:45
  Let me pull this up for you. Stocks sell off gains team Wednesday on a spreading bank crisis. So this is what we're looking at and I just checked and I was looking at the stocks and stocks are down I think four and a half percent in the past five days and down almost 8% the past thirty days and they're really concerned it's gonna keep rippling and keep going. Now, but what this brings up is the spreading bank crisis, but here in the CNBC article, they start off with saying stocks fell Wednesday as pressure on the financial sector increased with shares of Credit Suisse, a Swiss bank that has large US and global operations tumbling more than 15%. And I've got another article here to pull up, this is from Zero Hedge which is too big to fail Credit Suisse Domino effect far more potent than SVB.
• 17:34
  And what they're saying is that, you know, should the markets worse fears on Credit Suisse come true, the Euro Area economy will fall off a cliff up in the global financial system and bring policy tightening to him to by major central banks to a screaming halt. Unlike Silicon Valley Bank and Signature Bank, the Swiss lender is classed of classified as systemically important by the US Financial Stability Board, meaning it's too big to fail as a collapse has the potential to trigger a financial crisis. And so with their stock plunging like what it is, and there's all kinds of bad things happening there, it really does feel like what started with SVB, which is really kind of the manifestation of a lot of problems that has kind of finally surfaced, is really starting to ripple and spread. And this this seems like this could put us in very dangerous waters. What do you think?
• 18:28
  Speaker 2: Huge. Well, Credit Suisse is one of the largest banks in Europe. I mean, it's not SVB. It's much bigger than that. I think we've got where where SVB had a hundred and $73,000,000,000 worth of deposits.
• 18:43
  I think Credit Suisse is probably in the 1 point something trillion. I mean, they're they're big. They're really big. And Saudi what caused its sell off is Saudi Arabia, you know, their their, you know, their royal sovereign wealth fund. Right?
• 18:59
  They bought they're the largest shareholder in Credit Suisse. That just happened a few months ago. Well, this morning after the SVP mess, after Signature Bank, after Silvergate and the contagion that they're seeing spreading through all the regional banks, they said, hey, Credit Suisse, we're not injecting any more capital. You've been sick for a while. Right?
• 19:19
  But now they're not injecting any more capital. Well, we can't even keep up that article that was just from a couple hours ago. Credit Suisse is now down 21.32% just this morning. Right? So the contagion, which started with one bank in America that spread to three banks from Friday to Monday that went into FDIC receivership, now has spread to Europe.
• 19:45
  Right? Because it's an interconnected global world. Right? These banks are interconnected, and we don't just have a debt crisis. We don't have a liquidity issue in just US banks.
• 19:55
  Globally, this is the problem. Right? So so this is the Achilles heel of every economy is debt. We have too much debt. They've been they've been having cheap money, printing money, low interest rates for decades.
• 20:09
  Right? And now that's caught up with them. And now that that low interest rates, cheap money has caused inflation, they have to raise rates to slow down the inflation. This is a global thing now. These these companies that are that can't afford their debt service payments, that can't afford the wages, the inflationary pressure, the cost of goods, they have to raise prices on everything that they manufacture, and people can't afford it.
• 20:33
  They're going out of business. They're looking for lines of credit and the banks don't have it because the banks have 0% on hand. It's like it's it's a system that's, like, designed to fail. I mean, it it really is. And so the implications of Credit Suisse are massive because it's probably eight to 10 times the size of of SVB, which is causing ripple effects through all the banking in America.
• 21:00
  Imagine, Seth, one of those big major money international money center banks going down, which Credit Suisse is one of them. I I can't I can't fathom the the fallout that that would have globally.
• 21:15
  Seth Holehouse: Oh, I mean, it's it's significant. I mean, it's a domino effect. So what happens when the, you know, domino this big hits the next size and the next size and the next size? So it's like, what's the domino effect coming from Credit Suisse? Is it, you know, BOA?
• 21:31
  Is it JPMorgan? I mean, but as I look at all this unfolding and it's interesting watching all this because, you know, you and I've been talking about this for quite some time, just the fragility of our banking system. There's a lot of people that are coming out and they're saying the dollar is stronger than ever, we have full faith and confidence and the stock market's been really good and they really like, they maybe we're entering into a small recession, but like all the indicators that I'm seeing, it's like what they said in the article that it's on the edge of a cliff. And that's what really what it feels like. But then when you take a step back and you look at this and it's like, if you and I see what's happening, you know that the elites see what's happening, you know the European bankers, you know, the the rich families, the big countries, the corporatocracies, you know, they see what's coming, which is why we've seen massive spikes over the past couple of years in private, you know, individual private wealth families buying up silver and gold while the central banks and different, you know, sovereign banks are buying up precious metals.
• 22:32
  They see what's coming. And so one of the questions that I have is that, do you think that they know that this the Western financial system is near the end of its life. It's like it's like a patient that's terminally ill, like you mentioned being sick. They've got cancer in their bones, they're they're they're on a breathing machine, like that's our financial system. And so is this why you think A, they've just been printing money nonstop because they're trying to squeeze as much out as possible, but that B, that they know as soon as that system collapses, that becomes the perfect opportunity for them to say, look, that, you know, paper fiat currency, that old system that we're using, it's very flawed.
• 23:17
  And just like you've heard, know, you've heard already talking about or Klaus Schwab, this is the future. The future is going to be a digital currency, a digital token system. I mean, do you think that that's what this is all building up to that they want this to collapse as much as they come out saying, we want to keep stability, but that they actually want this to collapse because it becomes the perfect way to usher in their central bank digital currency?
• 23:42
  Speaker 2: I do. And it doesn't really hurt them is what's weird because who's bringing in central bank digital currency? The central bankers. What system is collapsing? The central bank system.
• 23:56
  So the same system that they've created is the same one that they're providing a solution for. So here's the thing. Why would anybody ever take a solution from the people that broke the system to begin with? Right? Well, it's because they it doesn't harm them.
• 24:13
  They're just going from fiat based paper money to fiat based digital currency creation. Right? But it's the system that they it's the it's the insidious underbelly of the new system is what's what they want. They're still gonna be in control of it. Right?
• 24:29
  However, with central bank digital currency, you lose all privacy, all freedom, and the ability for you to buy or sell if they don't like you. See, this is all about people control. It's all about the the globalist agenda twenty thirty carbon emissions. If they don't like what you're if you have a gas guzzling truck and they and they see that, oh, every single week, you're spending a hundred and $20 on gas, Seth. It's like, okay.
• 24:55
  We're just gonna shut you off from from contaminating the world with your pollution. We're not gonna let you buy gas. Boom. What if it's the church that you give to, that you donate to, that you tithe to? Right?
• 25:07
  It's like, well, they're they they we don't like that church. We don't like the message of the church. That doesn't go with the godless society that we're trying to create. Boom. No more giving to the church.
• 25:19
  What if they don't like the food that you eat? Right? It's all about people control. And here's the thing. If they want to control you, they control what you buy and sell.
• 25:28
  But, you know, as I've read through scriptures throughout my whole life, it's like, in the world could a mark of the beast type system be so acceptable to people? How could people be so blinded and so dumb to actually want it? Well, now that it's playing out right in front of us, I can see perfectly clear how that could happen. Because let's say you're a government employee, right, military, you have a government pension, you're on social security, and we now have a central bank digital currency. Hey, if you want your credits into your bank account, you have to accept our program or we're not going to pay you.
• 26:02
  How many people are going to say, boy, should I just take it? Should I just do this so I can still get paid and feed my family? I mean, I can see how there's this moral ethical dilemma when it comes right down to it. And what are people gonna decide? So here's the thing.
• 26:23
  We will have central bank digital currency. No doubt in my mind. But whether we keep it or not, whether we give it momentum by acceptance is up to us because there will be alternative things that come up, right? Silver for barter, a gold backed dollar, quantum financial system, there will be all kinds of things, and there's going be a ton of people for sake of ease and what we're already seeing on tax returns for 2023, that the tax forms have come out. Have you ever traded in central bank or not central bank, in cryptocurrency?
• 27:01
  Have you taken any kind of digital money? By the way, if you answer this wrong, the implications are gonna be severe. And there's like all these different check boxes that you have to do. They're gonna make it very, very difficult for people to want to have decentralized cryptocurrency, but under a central bank digital currency, I'm just playing this out in my mind. It's like, oh, you don't have to answer all these questions.
• 27:23
  We already know everything about it and we're going to make it really easy. Right? So then they demonize central. They demonize cryptocurrency. They're doing it now.
• 27:32
  Barney Frank over the weekend. I mean, remember Barney Frank from the Frank Dodd Bill, right? You know, during the Lehman Brothers collapse, he is actually on the board for Signature Bank. So they interviewed him. Right?
• 27:46
  And they said, hey, the regulators are getting their way. They're trying to really basically go after people with cryptocurrency and the whole crypto world with all of this. And it's like, okay, you and I talked about this, Seth, for them to actually get centralized digital cryptocurrency, they have to demonize the private sector one, which they're doing. They're demonizing cash. Right?
• 28:11
  When was the last time you went to a bank and you had a wad of cash? Right? And we talked about this last time. It's like, where'd you get that cash? How do you have it?
• 28:19
  Why do you even have cash? What do you need cash for? I mean, they treat you like a criminal if you have cash. So they're demonizing cash. They're demonizing, you know, cryptocurrency all to put in something that's easy.
• 28:32
  That's the the messaging is pure, and there's accountability, and there's rules, and there's regulations, and there's oversight, and you're going to love what we have. This is the messaging that they are bringing across and people are going to fall for it. And I would encourage everybody who's watching this, do not fall for that. It's misleading and it's a lie because it's going to put spyware on your bank account for all intents and purposes and the ability to cut you off from buying or selling. I think this was a very long answer to your very short question, but I think all of this is leading up to central bank digital currency.
• 29:09
  They want the system to fail so people, when they're stricken with fear, make wrong decisions and will simply, without thinking about it, give up their freedoms and their privacy for perceived security and peace.
• 29:24
  Seth Holehouse: And that's how it always works throughout history, right? I look at the pit with this, the Patriot Act or, you know, play, you know, different gun grabs around the world before the communist regimes came in. It was always about, well, you know, give up a little bit of your freedom and we'll give you protection instead. Right? We'll give you we'll trade a little bit of your freedom, little bit of your rights for this perceived safety.
• 29:46
  Right? And so then that's what they've they've done. That's what they've used to control us. So, well, Kirk, it's a, it's kind of interesting, know, kind of crazy talk, you know, covering this at these times, but this is exactly what we've been talking, you know, talking about. And I think that, you know, if you look at what's unraveling, and again, I want to remind people like, don't become fearful and go, you know, take your entire savings account and dump it into silver.
• 30:11
  You know what I mean? And then and then realize that you can't pay your mortgage because you don't have any money in your silver in your account anymore. Like, don't be that person that does that. But if you do want to start taking actions and you know, calmly and rationally, I highly recommend talking to Kirk and his team. And look, if you already have something you work with, good.
• 30:30
  You know what mean? If you have something you trust, good. There's a lot of people that are charlatans out there and I can tell you that Kirk is online, I know personally that I personally use. So if you want to talk to Kirk and his team, get a free consultation. That's where it starts.
• 30:42
  It's just a phone call with someone that understands these things, not in the same way that your Vanguard representative does, it just says, Well, let's let's move you into stocks and bonds instead of this, you know, they're gonna advise you to do everything but take the money out because they get, you know, they make their money by managing your money. You know, so if you can talk to someone that really understands this from the geopolitical perspective and from the the faith based perspective, I highly, you know, just recommend reaching out. So the website I'll pull up for everybody, just goldwithseth.com is the URL, comes up right here. You scroll down, there's a little simple form at the bottom here, fill that out, they'll get you a call scheduled for you. Again, goldwithseth.com or call (720) 605-3900.
• 31:24
  Again, it's (720) 605-3900. And you know, this is like, this is as people that are watching the show know, there's very few businesses or products that I promote. I've turned down dozens and dozens of offers to promote all kinds of stuff. But this is one of the few things that I actually believe in because I think that this is going to be one of the key ways they're going to try to come after us and take away our freedoms. And, you know, the same way that you know, buying ammunition, it's like, well, this is part of something that will help ensure my freedom in the presence of a tyrannical government.
• 32:00
  So any final thoughts for folks, Kirk?
• 32:05
  Speaker 2: Yeah, I think you summed it up really good, I just want to amplify it. Don't make a decision out of fear. Fear will cause you to either not act or fear will cause you to make the wrong decision. The reason why we talk about this is we don't have to sensationalize the horrible world that we're living in. It is what it is, right?
• 32:24
  So don't kill the messenger. But we tell you all of this because there is hope. There's light at the end of the tunnel. Reallocate into strength, into safety, and if you operate out of fear, you will sink. You know, this is what the story the Gospels is about when there was the raging sea on the Sea Of Galilee and the disciples were in the boat and Jesus was sleeping.
• 32:50
  How could he be sleeping in this horrible storm? It's like because he had peace. He knew that it was all going to be okay. So he goes out and he's walking on water. And Peter was like, what?
• 33:00
  Jesus, you're out on the water walking around. It's like and Jesus said, come. Here's what I think. I don't think Jesus was just talking to Peter. I think he was talking to every disciple on the boat.
• 33:10
  He said, come. Come to me. I'm where the peace is. Right? So Peter starts walking, then he realizes, oh my word, I'm I'm walking on water in this, and he sees the waves and the storms, and he focuses on the storm and sinks.
• 33:24
  But when you focused on the source, so you didn't sink. Right? So we have to keep all of that in perspective. God will give us wisdom and intuition and knowledge and understanding to navigate through these times. And you just have to have the boldness and the courage to step off that boat, right, and go with what your gut's telling you to say, I know something's wrong.
• 33:46
  These banks are failing. I know something's wrong. But there is light at the end of that tunnel. We just can't focus on the storm, but focus on the miracle of Jesus, on the solution, on on what's in front of us because there is a solution to this mess, Seth, and that's what we're trying to bring to the table.
• 34:05
  Seth Holehouse: Well, great. Good words to end by. Well, Kirk, you know, we'll be back again next week and I'm sure we'll have even more updates on the situation. But in the meantime, you know, take care. God bless.
• 34:15
  I know you guys have been crazy busy. Everyone's now realizing it's times. I know your phones have been ringing off the hook. So try to get some sleep and drink lots of coffee and
• 34:27
  Speaker 2: Yeah, I will.
• 34:30
  Seth Holehouse: I'll give it a shot. Alright. Take care.
• 34:34
  Speaker 2: Thanks, brother. Bye bye.