Latest / Man in America Podcast / The Davos Class DESPERATE w/ Dr. Kirk Elliott

Transcript

The Davos Class DESPERATE w/ Dr. Kirk Elliott · Man in America Podcast

• 0:00
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Wholehouse. So you know that I've consistently been talking about this economic war between the Western Central Banks, United States, the Federal Reserve, and BRICS nations headed by China, Russia, India, Iran. These are the nations that are accumulating gold, accumulating assets en masse. And so this is a big update I have today with doctor Kirk Elliott talking about where this situation is at.
• 0:26
  So we have some some pretty important news going over some things happening stateside as it relates to the taxation of gold and silver and some pretty important laws that are being passed to protect that. But also a big picture look at the overall strategy of this playing field of what's really going on behind the scenes with China and how, basically China and the BRICS nations, how their act of accumulating precious metals and the potential of even tying precious metals to price of oil, which is very significant, how that could be the thing that completely decimates the financial system over here in the West. So it's gonna be a pretty important update. So folks, please enjoy the interview. Great to have you on as usual.
• 1:09
  I know you've got a lot of big news items for us, so I'll just let you start where you wanna start at.
• 1:15
  Speaker 2: 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 twenty twenty four production.
• 2:00
  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.
• 2:44
  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?
• 3:03
  Right? So that
• 3:04
  Seth Holehouse: means Translate that for Yeah,
• 3:06
  Speaker 2: 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.
• 3:45
  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. Now there's five sixty eight million. So they got rid of about half of their short positions in the last few weeks.
• 4:04
  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 600,000,000,000, they think silver is going to go through the roof, right?
• 4:29
  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
• 4:56
  Robert Kiyosaki: go up, China's expecting to destroy the Western banks. So what else is going to cause silver to go up outside of short covering that we're going
• 5:05
  Speaker 2: 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?
• 5:28
  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.
• 5:42
  And he's a brilliant forecaster. I mean, absolutely stinking brilliant. But but 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.
• 6:08
  So in each torpedo, there's about 11 or missile, there's about 11,000 ounces
• 6:15
  Robert Kiyosaki: of
• 6:15
  Speaker 2: 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, expensive.
• 6:28
  The Department of Defense is the largest purchaser of silver on the planet. Then comes like aerospace and then electronics and 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.
• 6:55
  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?
• 7:17
  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.
• 7:40
  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.
• 8:02
  Okay.
• 8:03
  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.
• 8:52
  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.
• 9:08
  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?
• 9:26
  Speaker 2: I mean, isn't that just downright stupid? Okay. So here's okay. So here's what I think that he's saying. So he's right in the first part of it.
• 9:36
  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. Number one, they want privacy.
• 9:57
  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. So the foundational issues of crypto and precious metals, I think, are the same.
• 10:17
  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. It's like, no, they can't do that, Kirk.
• 10:34
  It's decentralized blockchain. It's private. How do you own your Bitcoin? Through a wallet, a centralized wallet or a decentralized wallet. 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.
• 10:51
  You couldn't actually access your Bitcoin because your coin wallet company that actually stores all of it wouldn't let you. Right? So to me, digital is digital. It's still not safe. But what Harari is talking about here is, well, we don't want that.
• 11:09
  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? Well, here's what I think he's thinking.
• 11:26
  If you print money without discretion, you're going to have money for handouts. You're to have money for entitlements. You're going to have money for universal or basic income, right? Guaranteed income to everybody. 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.
• 11:50
  Robert Kiyosaki: It's like, what?
• 11:51
  Speaker 2: 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. You're buying your votes. Right?
• 12:07
  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? Well, no, they won't. They're still going to have a distrust of the government.
• 12:19
  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. It's like, what in the world? This guy is evil.
• 12:49
  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. 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.
• 13:13
  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. 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.
• 13:41
  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. 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.
• 14:11
  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. Right. So so in their mind, gold and silver is actually a true legitimate currency.
• 14:27
  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. So Representative Mooney from West Virginia has legislation. He's introducing a bill to end federal taxation on gold and silver.
• 14:54
  Federal taxation.
• 14:56
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• 15:26
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• 15:53
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• 16:25
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• 16:32
  Speaker 2: That's 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. But the 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.
• 16:59
  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, you know, a native central bank to their currency. So forget the yuan, forget the rupee, forget the ruble. Right? Forget the dinar.
• 17:18
  All these countries that are part of BRICS plus plus plus, they just now want a central bricks central bank. Let's call it their currency, the brick. I don't know what it's gonna be called, but let's just say it's called the brick. Well, they want the brick backed by gold. And so and they how are they doing it?
• 17:37
  They're doing it sneakily right now with China having over 30,000 tons of gold, Russia having 1,000 tons, India having 600 tons. And now that they're genius plants 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? Well, this Russian economist just went one step further.
• 18:16
  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. Right. So it's got to get replenished by law. It has to be replenished.
• 18:36
  Right. 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?
• 19:03
  So an analyst with Credit Suisse came back once 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?
• 19:41
  The Brix Nations. So by doing that, by trading, 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 going to say that this policy expands outside of just Russia to any of the BRICS nations. Right? So OPEC, basically, Iran, United Arab Emirates, Saudi Arabia, all these countries that are now part of 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.
• 20:53
  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.
• 21:09
  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 because we've, actually been, you know, the monopoly bank.
• 21:44
  We just keep printing. And it's actually funny because Elon Musk just shared this meme showing the monopoly, bankrupt. It said, like, was a kind of instructions like, what happens when the bank runs out of money? It's like, oh, they just create new money. Right?
• 21:56
  It was like, yeah, 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, where the assets? Well, oil, obviously, is a big asset of a nation.
• 22:20
  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?
• 22:37
  Speaker 2: 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, literally like a month ago, said, How many countries are repatriating their gold?
• 23:03
  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?
• 23:11
  Well, they're unauditable, so nobody really knows. Is there gold in Fort Knox? Is there even a Fort Knox? Is it held in the basement of the New York Fed? Is it not?
• 23:22
  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.
• 24:01
  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, right, you know, like Germany, I'd said, uh-uh.
• 24:20
  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.
• 24:36
  Seth Holehouse: Interesting perspective. 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.
• 24:55
  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.
• 25:06
  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 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?
• 25:26
  Speaker 2: 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.
• 25:41
  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.
• 25:51
  Seth Holehouse: Great. Well, Kirk, thank you. It's always great having you on. I appreciate it. Take care, and God bless.
• 25:57
  Speaker 2: My pleasure. God bless.
• 26:00
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