Latest / Man in America Podcast / In 44 days EVERYTHING changes for the U.S. Dollar

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In 44 days EVERYTHING changes for the U.S. Dollar · Man in America Podcast

• 1:33
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holhouse. So in a little crevice of the Internet on Twitter through the account of the Russian embassy in Kenya, they put out a tweet which has confirmed something that we've been speculating for a very long time, which is in fact that the new BRICS currency, which many are saying will become the new world reserve currency, is going to be backed by gold. Now this has serious ramifications for a handful of reasons, which we're gonna be talking about in today's interview with doctor Kirk Elliott. But the biggest being is that what happens to the price of gold?
• 2:13
  What happens when the the dollar which has its strength because it's the world reserve currency has this other currency that all sudden, you know, more than half the world says, you know what, we're gonna use that one instead. So folks, we've been talking about this, but I'm telling you these these events are happening. They're unfolding. The dominoes are falling. And I feel like that this process is right around the corner, which we're gonna talk about because Kirk will be able to line up this tweet with some information about some some meetings, some significant meetings taking place with Brix that'll be happening in South Africa just in August and about a month away.
• 2:50
  So folks enjoy this interview with Doctor. Kirk Elliott. Kirk, it is so good to see you as usual, How are you doing?
• 2:59
  Speaker 2: I'm doing really great. Happy fourth of July week.
• 3:03
  Seth Holehouse: Yeah, it's an important reminder of the need for the occasional rebellion, isn't it?
• 3:11
  Speaker 2: Oh, my word. I mean, that's how our country started, right? It's how we we gained our religious freedom from Europe. And that's what it was all about. And then when we gained religious freedom, it moved to political freedom and political freedom moved to personal freedom.
• 3:25
  Right. And and it seems to have gone full circle and people forget. They just forget. And as I talk to so many people every single day, Seth, I'm constantly reminded of what I was reading this weekend in Psalms. And it wasn't a warning, but it was just like, remember.
• 3:47
  So, God was telling David in the Psalms, it's like, you know, the Israelites, when we read through what they went through in the past, it's like, are they so dumb? Seriously, they're always making the wrong decisions and they get curses and then they make the good ones and they have blessings and they keep going back and forth. In reality, we're no different. Mean, seriously, we're no different now than we were then. People are people.
• 4:14
  But it's like the remembrance of, don't you remember that when you were fleeing Egypt, I parted the Red Sea for you? Don't you remember that when you were hungry, I gave you manna from heaven? Don't you remember, like all these things, right? All these remembrances of like, I was always there to protect and to preserve and to guide, but yet you keep making dumb decisions and keep going the way of focusing on the negative when there's a solution right in front of us, right? So as I'm talking to people every single day, all day long, all week long, all month long, You know, people are so gripped and consumed by fear.
• 4:54
  It's like, don't forget, God's still on the throne. He's still got this, right? But he does give us wisdom and knowledge and discernment to understand the times that we're living in so we can navigate through that with success rather than have to live in this world of fear where people tend to forget that God will deliver them out of whatever they're in, right? Whether it's a health issue or whether it's a personal issue, a political issue, a national issue, financial issue. He's always there.
• 5:24
  He's never left. He's never left.
• 5:27
  Seth Holehouse: That's always a good reminder to me too, because even when bad things happen, I just say like, well, it'd be easy to say like, well, Satan did this. And it's but I remember myself, it's like, does Satan do things that God doesn't allow? You know what I mean? Like, that's it's like is there's only one man that, you know, those one man sits at the top of the throne. You know what mean?
• 5:50
  And if I mirror correctly, they're gonna get kicked out. So it's just this reminder, even, you know, when my brother passed away when he was 33, which was way too young for someone to die, that was what helped me is like, look, he would not have passed on if it wasn't God's will. You know, like that ultimately, so that really helped me to just to find peace with that. So Right. But as we're kind of getting into the, you know, from the spiritual into the material of the world economy and the dollar and all this kind of stuff, there's something that you know, you and I were talking about just before the show started.
• 6:28
  And it's just this tweet that came out that was put out by the Russian embassy in Kenya, which I feel like that not many people caught notice of. I didn't see it on Zero Hedge or the main places I'm always looking. I just so happened to come across on Twitter. And this is really, really significant. So I'm gonna pull this up because I really wanna hear your thoughts on this.
• 6:49
  But here's a tweet right here. This is again from the this is the official Russian embassy in Kenya Twitter account. And they said this was on July 3. So this is, you know, today as we're recording. Said, the BRICS countries are planning to introduce a new trading currency which will be backed by gold.
• 7:08
  More and more countries recently expressed desire to join BRICS. Now, you know, whether it's you or other guests I've had on like Andy Shechtman, a lot of folks have said that everything points to a, the new BRICS currency, you know, ideally that that they're they're pushing for that to be the new global reserve currency instead of the dollar. That b, it'll be backed by commodities, and C, that it'll be backed by gold. But up until now, that's all been speculative. Whereas, I'm not sure what their intention of with doing this or who was controlling this Twitter account, but the embassy, the Russian embassy Twitter account coming out and saying the new BRICS currency will be backed by gold and that there's been overwhelming support and more and more countries coming in trying to join.
• 7:57
  I mean, what do you what do you make of this?
• 8:00
  Speaker 2: So I haven't seen that tweet. However, this is interesting to me because it validates other stuff that I that I know to be happening. So so August 22 through August 26, the BRICS nations are having a confab. Right? They're they're having this this big meeting in South Africa.
• 8:23
  They're inviting over 60 national leaders evidently to this announcement, whatever this announcement is. I have a feeling based on where they're meeting that this is the announcement. Because when you think of the BRICS nations, Brazil, Russia, India, China, South Africa, if you're gonna have a meeting to expose something to the world, why not have it in Shanghai or Moscow, the two biggest countries in the BRICS nations? They're having the meeting in South Africa, the smallest of the BRICS nations. And then, you know, South Africa has two, you know, jewel cities, Johannesburg and Cape Town.
• 8:59
  Well, they're not even meeting there. They're meeting in Durban, South Africa. So as you think about it, knowing what I know about the industry, South Africa is the largest gold mining country in the world, and Durban, actually, the city of Durban in South Africa has the largest gold in the mine in the world, the Durban Deep Mine. So I think this is very symbolic. Right?
• 9:23
  So you just expose that from the Russian embassy saying that they're gonna have a BRICS currency that's backed by gold. And in just a month and a half away, the BRICS nations are meeting in Durban, South Africa, the place of the largest gold mine in the world in the country that has more gold mining than any country in the world to make some kind of announcement. So this is where I think that could be very symbolic. I mean, it could be wrong, but I doubt it, not not faced with what you just shared, because that's the first time I've heard an official embassy state that this is happening, one of the BRICS nations. Speculation all day long every day, and you can tell by the amount of gold that these countries are amassing.
• 10:07
  With Russia having central bank reserves now of over 1,600 tons of gold, China almost a thousand tons of gold, Kazakhstan, Uzbekistan, Turkey, like 400 tons of gold, India, over 200 tons of gold. I mean, that's a lot of gold. Right? That's not ounces or pounds or tons. It's hundreds of tons or thousands of tons.
• 10:31
  That's a lot. So then they're having this meeting in conjunction with the announcement that you just posted. Sure. They're obviously pointing towards something. They're pointing towards they want to usurp the US dollars, the world's reserve currency, something we've talked about a lot.
• 10:48
  This just puts a timeline to that agenda because it looks like they're meeting in August for that. Could I be wrong? Could they be meeting about something else? Sure. But I really, really doubt it based on where they're meeting.
• 11:00
  Seth Holehouse: Well, what's also crazy is that this is the article they shared with that tweet. So the article that they put up there was a BRICS currency could shake the dollars dominance. De dollarization's moment might finally be here, which was up on foreign policy. So, I mean, to me that seems pretty significant. Now, again, we've been talking about this for quite some time.
• 11:23
  But, you know, right now, you know, when I go to the store, I still use either, you know, cash or a credit card. I'm still paying with dollars. There's not hyperinflation, you know, an an ounce of silver is, you know, you know, still under $25. You know what I mean? So gold is still hovering at that 1,900 to $2,000 mark.
• 11:45
  So it seems like as we talked about in our last show that there there's something happening where they're really they're it's like the dam is almost ready to break and they're closing every last crack they can. So most people are saying, I feel a light sprinkle, but all that is a little water coming out of the crack. Whereas we're saying, look, like the whole thing is is, like, ready to break basically. But for a lot of folks, life just seems normal. And it's like, okay, yeah, you know, the gold bugs are always talking about the dollar being collapsing and whatnot.
• 12:20
  But it just it seems like this is this whole process is very, very close. And my question to you is that and not really in a speculative sense, but let's just say that August, you know, rolls out and they say, you know, there's this meeting and they officially announce this, the official BRICS currency. And they say that, okay, we're now gonna start using this as the official currency in all these BRICS nations. So trade between Saudi Arabia and all this, it's all gonna be done using this BRICS currency, which is also backed by gold, which would make sense why we talked about, you know, even though Turkey is having their the value of their currency just plummet because they're having to keep raising the rates and everything, They're struggling with that, but they're also buying all this gold at the same time. It's almost as if they knew this ahead of time.
• 13:14
  And so the big question I have is that when that announcement happens, what happens to the dollar and what happens to gold and by proxy silver? You know, silver has a relationship with gold. I know this is so speculative, I'm just curious what you think would So
• 13:35
  Speaker 2: in economic terms, you know, function of supply and demand, there's gonna be very little demand for the US dollar, none. So when you have low demand and high supply, which they're printing money like there's no tomorrow, So there's a lot of supply of dollars, but there's very little demand. The prices just get tanked. Right? So the dollar should just absolutely collapse after something like that.
• 14:02
  Because the only thing economically that makes anything go up in price, I don't care if it's a currency or a bicycle or groceries, is low supply and high demand. And what you've got is the opposite. You've got high supply and low demand at that point, which means the writing is on the wall. It's the death knell for the US dollar. Now, as that happens, we still have expenditures to pay for in this country.
• 14:27
  There's still stimulus programs. There's still entitlements. There's still the debt ceiling. Even though there's no ceiling, there's still all this debt, right, that they're gonna print money. So what does that mean?
• 14:37
  If there's no demand for the dollar, there's nobody buying it, and they're gonna keep jacking up interest rates to entice foreign buyers to say, hey, Here's a reward for the risk that you're taking in this junk currency. We're gonna just raise rates. And ultimately, we'll find an equilibrium price where maybe they they get enough of foreign capital inflow at what they need at 15% interest rates or 18 or 20 or 25 or 30, or maybe they never get to that point because they don't stop printing money. Right? Then we still have all this stimulus.
• 15:09
  And if they just keep printing money to try to get their way out of it that way, which is the easiest way to get it done. Because raising interest rates, that's immediate. People that have debt are gonna feel the pinch every single day. Raising the inflation rate by printing money, I mean, that's gonna impact all of us, but people don't necessarily pin the blame on on the government or the fed for inflation. They'll say it's market driven.
• 15:36
  It's like, you know, there's just people gouging these these horrible capitalists and these big companies, and they're jacking up prices. Like, no. They're jacking up prices because component parts go through the roof during inflation when they print money like there's no tomorrow, and we still import more than what we export, which means in a devalued currency, they those foreign countries are just gonna say, hey, America. You know, we used to charge you a thousand dollars for the circuit board. Now we're gonna charge you 1,800 because your inflation is so much.
• 16:08
  We want more of your junk currency to pay for our stuff. Right? So this is why we have inflation. So I I would see gold and silver going through the roof. I would see inflation going through the roof.
• 16:20
  I see interest rates continuing to rise to try to slow down inflation, and I see the US dollar collapsing after something like this. That that's how an economist would answer that question, and that's how I would answer it because that's the reality of the situation.
• 16:37
  Seth Holehouse: Alright, folks. I've got a quick message for you. I have one simple question. If today you could no longer go purchase more food for your family with the food stores that you have in your home, how long would you be able to feed your family? Would it be a week, three weeks, a month, two months, a year?
• 16:56
  This is a really important question folks that we have to be very realistic about because the elites are proactively trying to put us into a state of food crisis and a state of famine. I'm sure you've seen all of the different food processing plants and farms that are blowing up. You've got cattle dying by the tens of thousands. They're proactively trying to collapse our food system because they know if they can control our food, they can control us. And so one of the best ways to be outside of their control is to be able to have our own stores of food and to be able to produce our own food.
• 17:29
  So there's really two things I would recommend. One is having heirloom seeds that you can grow your own food with, making sure that they're non GMO heirloom seeds that that way you can harvest your seeds this year, use them next year. You can use these seeds for generations, literally, it's how it will work. The other thing though is this high quality storable food. This is food that's sitting somewhere, it's hidden in your basement, buried in your backyard, whatever it ever it is.
• 17:54
  So that way if there is a crisis, if there is an emergency, you might have three months set aside to get through that time period. And so for this, I would highly recommend a company called Heaven's Harvest. This is an amazing Christian owned patriot company and what they're doing is they're making high quality storable food. Again, lot of the food companies, they say these food buckets, they're all about maximizing calories per dollar. They're filling the buckets with a bunch of filler and junk like sweet beverages, etcetera.
• 18:24
  But Heaven's Harvest, they focus on very high quality food that will last up to twenty five years on the shelf. They also sell heirloom seeds. You can buy all of your seeds, you can buy all of your restorable food. And look folks, personally, I would recommend having at least three months per person in your household, if not six months or even a year. Again, depends on your budget, but I'll definitely make sure you have some seeds because that seed, those seeds could be worth their weight in gold, if not more in the future.
• 18:52
  So to go ahead and do this right now, go put up a new tab and go to heavensharvest.com. And if you use the promo code Seth, that's s e t h, promo code Seth, you'll save 15% off of your entire order. So again, folks, the time is running out and you'd rather be three months or one year early than one day late. Again, heavensharvest.com and use promo code Seth to save 15% today. Which is interesting that you just go back to the basics of economics one zero one, which is just supply and demand.
• 19:27
  I mean, that's that's really what it you know, why is it that Hermes, you know, who sells they sell really high end handbags, they can charge $60 for some of their handbags because they've intentionally limited the supply. You have to get on a waiting list to buy one of their handbags. Now, you know, that's it's a good business model if you can get to that position, but that's just the reality of it versus say, you know, Coach handbags, which you can go to, you know, any department store and find unlimited numbers of them. And so they're not going to be nearly as much. Mean, that's a similar kind of equation.
• 20:01
  And so, so that's like, I mean, really, it makes good sense, though, that when that announcement happens when they say, okay, look, we're now rolling out this new currency that I imagine a lot of countries, even the countries that right now are not part of BRICS, but these countries that they understand the role of the dollar, they understand how The United States has used the dollar in a lot of ways as a weapon of war. They've used it to finance, you know, our military industrial complex our global war machine, that a lot of these countries are just going to say, You know what, why still play with that guy? It's almost like there's two sandboxes, right? This sandbox has a bully in it that keeps putting sand in your eyes and keeps you know kind of punching you and beating you up. And there's the other sandbox, she's like, I'm gonna go over that sandbox where they're not going to do that, even though their long term goal might be under the CCP.
• 20:57
  Not that I don't trust the BRICS nations very much and their intentions, but I think for a lot of countries, they're gonna say, you know what, that makes a lot more sense than being stuck within this US dollar hegemony.
• 21:11
  Speaker 2: Well, it's interesting. I love your handbag example, right? Because it's a very good explanation of what's happening to the US dollar. You've got one that's in high demand that there's not enough of it out there and people want it because it's perceived as being the best and having value and everything else. Right?
• 21:29
  So so then you have Coach, still a very high quality handbag, but they print they make a ton of them. Right? And then when they don't sell them all, you can find Coach outlets at every outlet mall in America where they're even half price. Right? It's like, then at that point, they just become some worthless commodity and the price keeps coming down until they get rid of their inventory.
• 21:51
  This is where the dollar is right now. We're actually at the point of, in that example, of the dollar going to the outlet mall, right, in terms of international desire. It's like, well, we couldn't get Nobody would invest in it outright, so let's just keep devaluing it, right? Let's just make a ton of them and see what we can get, what we get, right? I mean, that's kind of what's what's happening to it, but but that has consequences.
• 22:18
  Now the consequences are the rest of the world now perceives the US dollars. We've squandered our time in the sun. We've printed too much of it. We've tried to fund every stimulus program under the sun. We've we've done all these, like, oh, foreign assistance campaigns.
• 22:35
  We're bailing out Ukraine's retirement plan. We're doing this. We're doing that. We've got women and for children programs, food stamps, entitlements, Medicare, Medicaid, welfare. We've got the I mean, everything.
• 22:46
  I mean, truly, this is why they had to take the ceiling off the debt ceiling. So when that happens, the rest of the world starts to look for a different solution. They try to look for something better because they view us as squandering our time in the sun. Sure enough, on July 1, the writing's been on the wall within the banking industry for quite some time. So everything you and I have been talking about for months, we never speculate on this stuff.
• 23:13
  We look at the research. We look at the horse's mouth. We see what the Fed is talking about these things. We see what the Bank of International Settlements is saying, and then we just report on it. I would never want to just speculate on my opinion.
• 23:26
  I want to take it from the horse's mouth and then analyze what that could possibly mean. So on July 1, just two days ago, was the last day of LIBOR, the London interbank offering rate. This is the LIBOR is what every single loan basically in America has its interest rate tied to. So whether it's bank to bank or interbank loans, whether it's the thirty year treasury, whether it's it's, you know, what countries pay, you know, other countries to to basically be a a lender, right, or a borrower from those countries. It's what credit card payments are based on.
• 24:06
  It's what car payments are based on. Right? They're all based on on LIBOR. Basically Well, that just changed.
• 24:11
  Seth Holehouse: Just make sure I understand correctly. So that the interest rates that we see with banks, credit cards, cars, etcetera, That, you know, we're used to there being, know, some in The United States, we perceive it as like, okay, well, there's a our rates are x and so most rates are based on that but basically so that LIBOR is what in a lot of ways ties all of the interest rates globally, right? Which Yeah. So wouldn't that also in effect because the US dollar is the reserve currency, wouldn't that also create extra strength for the US dollar because it ties it ties all these countries and everything into the core interest rates that in a lot of ways are being driven by the dollar. Is that correct?
• 24:55
  So what happens if it gets undone?
• 24:58
  Speaker 2: This is the pickle that we're in right now. So the the LIBOR rate is tied to the US dollar. So every single mortgage, every single loan that we get, every everyone gets the same base rate, whether you're a bank to a bank. And then the only thing that changes that base rate is you're gonna have add ons. You'll have moving parts.
• 25:19
  Well, what's your credit score? What's the duration of the loan? What are you buying? Is it high risk or low risk? Right?
• 25:26
  It's like a house is gonna probably have a lower interest rate than a credit card, right? Because in this grand scheme of things, people are always gonna try to make their house payments first so they don't get kicked out of their house. If they get their credit card taken away, who gives a flip? Right? So this is now you have the base rate.
• 25:47
  Everything's tied on top of that. So every country is basically the same, right, because they're all looking at LIBOR, which is pegged to the US dollar. Well, that doesn't work. This whole system of the federal reserve clearing house, which is what it's called, that's a fifty year old antiquated system based on paper currency. You could never have a central bank digital currency based on their clearing house model.
• 26:11
  It wouldn't work. So therefore there's always something else that needed to replace the old system for the new foundation to be based on. So we're going from the clearinghouse system to a new digital system called ISO 20,022. So basically that's like replacing the SWIFT system where all bank wires are going from country to country with something different that has the same programming language universally all over the world. So it doesn't matter if it's basic or COBOL or SQL or whatever, right?
• 26:46
  If you're talking about computer programming language, this is the language that ties everything together. It's like the tower of battle, right? So that's ISO two hundred-two-two. On top of that, you'll have cryptocurrencies. You'll have the Fed Now app.
• 27:01
  You'll have all these different things that use that same standard so they can communicate back and forth. That's what was needed for Central Bank Digital Currency to get rid of the old antiquated paper system. Now, as of July 1, '1 of the main cogs in the paper system, the LIBOR interest rates, was changed to something called SOFR, so the standard overnight funding rate. And I Googled it. I Googled just SOFR, and what came up, like the first, like, 50 things that were talking about it was different banks, different banks saying, hey, we're changing our lending standards from LIBOR to SOFR.
• 27:43
  Banks have known about this for quite some time, and they knew that July 1 was the transition date. Why do they have to know about that? Because if they've got loans outstanding or adjustable rate mortgages or something that are tied to LIBOR, there's a time if you've had one of those for less than two years, they're just gonna switch it over. If you're over two years, well, then they'll just let your existing loan mature until they switch it the new rating system. So what's the big stinking deal about the new rating system?
• 28:09
  Okay, this is where it starts to get squirrelly. Remember, LIBOR is tied to the US dollar. It's like the reserve currency status of what we have every loan in the world. The new SOFR system is not tied to the US dollar. It's actually tied to the assets of the country needing the loan.
• 28:30
  Right? So if you have a ton of assets in your country, like let's say the BRICS nations, we'll just use that as an example, they've got thousands of tons of gold backing up their currency. They've got a manufacturing base. They've got an agricultural base. They've got a strong military, blah, blah, blah.
• 28:46
  So what their SOFR rate would be is lower than a country that has a higher risk profile. So what the bankers are now calling this is the risk free rate, right? So you're going to get a rate that's lower if the risk is less of us lending money to you. So every company, every bank in the BRICS nations is probably going to have a lower rate than companies or banks in The United States. Why?
• 29:18
  What do we have that's a good asset other than our people? Well, we've outsourced most of our jobs to Asia, right? We now are losing our petrodollar status. We have banks that are failing. We've got wages that are coming down.
• 29:35
  We've got interest rates that are going up. We have inflationary pressures. It's it's a bad time for America financially. It's kind of
• 29:42
  Seth Holehouse: like America is this is this guy that, you know, just went through a divorce and he's, you know, his car was repoed and his credit's like a, you know, five zero five. And he's going to get a loan and the bank's like, know what, we'll give you a loan that we're gonna be charging you 25%. Right? It's it's almost like America is that kind of a person. Whereas, you know, like China as an example is like the the Chinese guy that's has stored away his golden look, I know a lot of Chinese I can tell you, they are typically way better at saving than Americans.
• 30:17
  They do not live on credit, you know, like they, their philosophy is like, you know, spend about 10% of what you make. Right? Whereas in America, it's like, ah, spend about 110% of what you make and credit card
• 30:27
  Speaker 2: take care of the Right? It's a difference in culture.
• 30:31
  Seth Holehouse: It is.
• 30:31
  Speaker 2: And that that's that's all it is. It's a saving culture, which we used to be there, You know, in the fifties, sixties, seventies, we used to save as a country, but then it became a thing of, well, keep up with the Joneses. It was like a lifestyle of conspicuous consumption that the old philosopher Thorstein Vablen defined America as. We're never going to recover from that. At some point, you use good money to buy bad things, even though it might be a good thing.
• 31:00
  It's something that devalues. You're not saving up for the future. So this is where we are. Right? It's just a difference.
• 31:06
  It's a difference in culture. So we as Americans tend to think our currency is never going anywhere for crying out loud. We're the US dollar. We've got strength. Well, that normalcy bias is generally what kills people's portfolios.
• 31:20
  It's like, for example, well, Microsoft has never failed me. I've owned it for twenty years, right? So therefore it's gonna continue to go on or mobile or Exxon or General Motors, right? You name it. But companies can go out of business.
• 31:34
  Companies can have a boom and a bust cycle just like anything else. And that normalcy bias will kill you, especially when we're looking at a change in the currency system. This isn't a normal downturn, right? Where it's like, profits are down this quarter. We're gonna lay some people off.
• 31:53
  And then as soon as the markets boom back up again, we'll hire those people back. And this is normalcy bias from the past, right? So people always think in the long run, the stock market's always gonna go up, so therefore we'll just ride out these periods. This is one of those different timeframes because we're not talking about a normal correction. We're talking about the change of a currency system as we know it globally, not just in America, but globally.
• 32:22
  And it's tied to your ideology. It's tied to how you spend, and it's tied to politicians who decide, well, let's just take the ceiling off the word debt ceiling. Right? So just, you know, if we don't believe how dumb some of these politicians can be I mean, no joke. I was this morning, I was reading an article, and I mean, you might even be able to find it.
• 32:44
  If you if you Google the White House considers blocking sunlight, you're gonna pull up this crazy dumb article where where Biden is talking about the the carbon emissions, the greenhouse effect, and there's this dumb proposal on the table to block sunlight. It's like, how would you block sunlight? Right? So so they wanna spray all kinds of aerosols into the atmosphere. It's like, wait a second.
• 33:14
  I thought aerosols were dangerous. You don't want those out there. Right? I thought that that that caused the greenhouse effect. Oh, no.
• 33:22
  Not if you spray them above the clouds, then it puts a reflective coating on the clouds, and the sun that comes down will bounce off the top of the clouds and go back into space. And over a three year span, we will have global cooling. But oh, well, what's the problem with that? What's the problem with taking the role of God and putting it into your own hands? God created the earth and he created these climates and he created this change, right?
• 33:48
  When you start messing with it, I mean, nobody knows what's going to happen if you block sunlight. Like crops might not grow. The seed might rise and whole cities or coastlines like the East Coast or the West Coast might be underwater, Right? You might have entire ecosystems that die because they're used to warm weather. It's like, wait, I thought all these environmentalists were really concerned about the environment, but yet they're planning a weird system to block sunlight.
• 34:21
  See, when you start to have problems and you create a social agenda around the problem and around the economy, you're gonna start making stupid decisions. Right? It's just this is what they're doing, and this is why I think we're at the point of outside of a miracle, you're almost at the point of no return financially because you've got politicians that are just making the stupid decisions. So the economy has to crash. It just needs to correct.
• 34:51
  That's not necessarily a bad thing. It's removing all the excesses and all the debt from the system. But if you're in the system while it crashes, that is a bad thing for you. If you're out of the system while things crash and allocate it into something that's going to grow like gold or silver, a tangible asset that everybody is looking to, the countries of the world looking to back their currency with gold. Why would the BRICS nations be looking to do that?
• 35:17
  Because it's an ancient relic that's stupid? No. It's because they know that it has value and they know that people are looking for value. In a world where nothing makes sense anymore, people always look for something that makes sense. This is why they're doing it, right?
• 35:32
  So like we talked about last week, my encouragement to everybody watching is don't listen to what they say, watch what they do, right? Because they're going to pooh pooh gold and silver as an ancient relic, and they're going to say that their central bank digital currency is gonna solve all the problems while at the same time, they're mounting thousands and hundreds of tons of gold to back up their currency. In fact, the the the the Twitter article, the tweet that you posted earlier with the Russian embassy saying, we're gonna have central bank digital currency with the BRICS nations. It's backed by gold. It's like, okay.
• 36:08
  That matches up with the meeting that's coming up. We should probably watch what they're doing, act accordingly, and do the same thing because they're not in it to lose all of their citizens' money. They're not in it to lose their political clout. They're in it to gain. So when they're going into gold to back the validity of what they're doing, I would say you should probably do the same thing.
• 36:30
  Start looking at tangible assets as people because they're not stupid. They might be evil, Seth, but they're not stupid. You don't become a PhD economist running central banks around the globe by being stupid. They just have a different agenda than we do. And but we can identify it and act accordingly and move ourselves into safe ground.
• 36:51
  Seth Holehouse: And so if I know that that's exactly where you come in the picture. So if people say they have money sitting in a four zero one ks or savings or under the mattress, they want to reallocate that into silver or gold, which is what you do. What process what steps do they take?
• 37:08
  Speaker 2: So the steps are really easy. By design, we've made it easy. So you just call our office or go to the website link that you have, right? And you'll talk to one of our schedulers. Our schedulers are asking you a few questions.
• 37:21
  What are you trying to protect and preserve? What did Kirk and Seth talk about that caused you to want to reach out? And then they'll set up an appointment with one of my amazing advisors, right? Which will then dig deep, ask you questions like, what are your fears? What are your concerns?
• 37:37
  What are you trying to accomplish? Do you need income? Do you need growth? What is it? And then we'll map out a strategy for success moving forward.
• 37:45
  My team will move the funds, whether it's an IRA or a non IRA, we'll move the funds. All you have to do is sign a quick form. And then this is where our journey together begins. Then I get to hold your hand through the economy moving forward and always let you know when it's time to buy, sell, reallocate, get out of Dodge, do whatever needs to be done based on not just some stupid chart, which a lot of people like to look at charts and think, oh, I'm I'm perfect timer. I know when to get in, when to get out.
• 38:13
  No. Fundamentals always drive everything. You know, if the fundamentals that cause stock market growth are simple, lowering taxes, lowering interest rates, and creating jobs. The fundamentals that cause stock market shrinkage are the opposite, raising taxes, raising interest rates, and wage shrinkage. That's what we've got right now.
• 38:33
  With the added ugliness of inflationary pressures, which are gonna cause interest rates to go up even further, add that to political chaos, add that to geopolitical conflict, add that to some not even a bureaucrat, not even an elected official, some person that has a job at the Bank of International Settlements or World Economic Forum defend basically determining the financial future of the rest of the world. Right? It's like, They're not even elected officials. That's just some guy or some gal that has a job at the right place at the right time that's trying to determine what the future of the world looks like. Couple that with stupid politicians that think they can take the role of god and block the sun.
• 39:16
  It's like, what? I mean, truly, it's a bizarro world. And when you see that, you know, it's time to reallocate, it's time to reposition into strength and beat them at their own game, seriously.
• 39:32
  Seth Holehouse: And so people can just go to goldwithseth.com. It's goldwithseth.com or just call you guys directly at (720) 605-3900. If If they go to the website, scroll on the bottom, there's a little form there. Just fill out that basic form. And this information is also gonna be in the description, below.
• 39:52
  So well, Kirk, it's always fun having you on. It's you know, there's a it's constantly changing. I'm really looking forward to this early August meeting to see what comes out of that because it just, you know, not in a negative way. It just feels like that we're on the cusp of a lot of change. And there's gonna be some good change and some bad change.
• 40:12
  But it's, you know, again, back to the very beginning of our episode, it's all in God's hands either way. So again, Kirk, thank you for what you're doing. Thanks for joining us today.
• 40:24
  Speaker 2: It is my pleasure. You have an awesome, awesome week. Happy fourth of July weekend. We'll talk to you soon.
• 40:30
  Seth Holehouse: Alright. Thank you, Kirk.