Latest / Man in America Podcast / Economist Warns “Biggest Crash of Our Lifetime” in 2024 w/Dr. Kirk Elliott

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Economist Warns “Biggest Crash of Our Lifetime” in 2024 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 Holehouse. As we look back at 2023, and try to figure out where the heck are we? What can we possibly expect in 2024? For me, I honestly, I can't even begin to to predict what's gonna happen this coming year because there's just there's so much insanity going on.
• 0:25
  And that's not even getting into the election cycle and everything there, even just with the the the BRICS nations, what's happening with Russia and Ukraine, the Epstein files have now been, you know, released. I mean, it's just I think it's just gonna be an absolutely insane year. But one of the biggest things I've been wondering is what's gonna happen to the markets in 2024? What's gonna happen to the economy to the US dollar? Because typically, election years tend to be the times when a lot of big things happen.
• 0:56
  There's been a lot of experts, some that I've had on saying that look, we're really due for a crash. So what's the year ahead look like? So joining us today is doctor Kirk Elliott, my good friend, to talk about this. And we've got a couple good articles actually from natural news. I gotta give a shout out to Mike Adams, who does, you know, has a great team over there.
• 1:13
  So a couple natural news articles. And if you want, I can actually put those articles in the description of the show if you wanna read them in-depth. So, folks, please enjoy this interview with doctor Kirk Elliott. Kirk, happy New Year. It's our first show of the year, and it's great to see you.
• 1:28
  How are you doing?
• 1:30
  Speaker 2: I'm doing very well. Happy you know, Merry Late Christmas and Happy New Year to you as well.
• 1:35
  Seth Holehouse: Thank you. Thank you. So one of the big questions I have about 2024 on top of the election, you know, China, there's so many other big topics going on. But one thing is what will happen to the economy this year? Because we've got the elections, things always go crazy around that.
• 1:55
  But also, you know, as you and I have been talking about with whether it's the, you know, bricks and the de dollarization, the massive bubble, the great taking we talked about recently, that there's a lot of these indicators that are saying that there's a rough road ahead. And I wanna see just, you know, what your thoughts are on what to expect in 2024. And I'll just give a quick caveat to the audience is that, you know, whatever we talk about, it's not meant to be fear mongering or something meant to be hopium. That you and I, as usual, we're trying just to have a level headed discussion about what potentially is coming in 2024. So what are your thoughts about this?
• 2:37
  Speaker 2: So it's an interesting kind of series of events where all these puzzle pieces are fitting together. Like, for example, when we talked about the great taking a couple of weeks ago, I think it was, what is that a reflection of? That's actually a reflection of the BRICS nations rising up, right, and basically dismantling the petrodollar. And because that happened, we've talked about this in the past, but since the last time we spoke and we're on air, that actually happened because January 1, they now do have six of the nine largest oil producers in the world that are part of the BRICS nations. Because January 1, the BRICS nations added Ethiopia, Egypt, Argentina, and Iran, which they already had as of August, United Arab Emirates and Saudi Arabia.
• 3:33
  So it's like, man, you put those in there, there is no more demand for the US dollar, right? So what does that mean? That means every debt ceiling talk that we have, which is coming up here real soon, every stimulus money that's going to be doled out, every dollar that's spent for infrastructure or defense or education or handouts, welfare, Medicare, Medicaid, Social Security, women, infant, children programs, food stamps, you name it. We don't have foreign capital inflow coming in anymore, really from 70% of the world's population, which are now trading in their own currencies for oil because that's the BRICS nations, that's not the dollar. It used to be the dollar, right?
• 4:25
  So you have that BRICS nations rising up, taking away demand for the dollar, which paves the way for a dollar collapse, a US economy collapse, which paves the way for the great taking, which is ultimately a transference of wealth and assets and ownership of what you have from you to government entities or to the big banks through things like unified ledgers and tokenization of your assets and crypto central bank digital currency. Right. I mean, that's what the great taking is all about. And it's like this didn't just happen. Right?
• 5:10
  People should watch the archive video because a couple of weeks ago we talked about this. This was a result of 02/2007 to 02/2009 collapse when they said, We can't have all these banks fail. We can't have these financial institutions fail. How about we change ownership of people's assets from them, you and I owning our own stuff, to us being beneficial owners of our own stuff, which means we're just the beneficiary of it. We transferred ownership to the bank and now we get to be beneficiaries of it if they so desire, which actually paves the way for legitimizing bail ins.
• 5:53
  Right? It's like, well, we don't own it anyways. We're beneficiaries. If it's there, it's ours. If it's not, well, it's theirs.
• 5:58
  They can do whatever they want to bail out their own institution. Right? So it's like, man, this wild and wacky. But none of this could actually come to pass unless you have a US economic collapse, because people aren't going to give up that kind of freedom, that kind of privacy, that kind of anything without there being an utter collapse. So I was doing some reading over the last couple of days and came across this forecast from economist Harry Dent.
• 6:35
  So oddly sad, he is talking like you and I. So on Fox News, they're talking about things that you and I have talked about. It's now hitting mainstream media, which is interesting in an election year. So what did Harry Dent predict? So I'm going to read some quotes from this article that you have on the screen, right?
• 7:01
  Because it's fascinating to me, but in an ugly way. So basically, he said 2024 will finally be the year that the overinflated US bubble markets collapse. So people have been talking about this for quite some time, for years, right? But what he's saying is we're at the point of critical mass because of everything that's happened. It's like if you equate this like to an old medieval story or old biblical story where there's this marauding army and they're going to invade a city and there's they're a month away just marching through the desert somewhere.
• 7:41
  Nobody cares. It's not going to happen anytime soon. But everybody cares when that invading army is at the city gates, ready to bang it down and overtake the city. This is where I believe that we're at. This is basically what Harry Dent is saying, too, that 2024 is going to see the year of the worst collapse in U.
• 8:05
  S. History, worse than the Great Depression. And it's like the old adage, the bigger they are, the harder they fall. We've got so much debt that we didn't have during the Great Depression, which is going to make this one worse. Because all of that needs to be unwound, which is an ugly, ugly unwinding.
• 8:28
  When you have debt that's exploding, when you have rising interest rates to slow down the inflation of creating money to pay off that debt. Only in American politics do politicians think it makes sense to add more debt to get rid of debt.
• 8:47
  Seth Holehouse: Of course. Of course.
• 8:48
  Speaker 2: Of course. But to them, it makes sense because it's almost like a Ponzi scheme. It has to keep perpetuating itself because they don't have the revenue right now to pay it off. It's like, how do we know they don't have the revenue? Because look at if we look at Biden's proposed budget for 2024, it is so nasty.
• 9:14
  I mean, literally. So we bring in $4,720,000,000,000 a year in federal tax revenue. That's the revenue streams for the government, right? How much do we have in expenses? 4.71.
• 9:35
  I mean, literally, it's the same. But that's not everything. That's just women, infant, children programs, food stamps, Social Security, Medicare, Medicaid. So basically your handouts, your welfare, your entitlements, and the interest on federal debt. Because over the last twelve months, the interest payments on our federal debt with rising interest rates have gone from $400,000,000,000 to $850,000,000,000 I mean, it's doubled because interest rates have doubled, right?
• 10:12
  So just those things, welfare handouts, interest payments are equal to everything that we bring in. Well, good gracious, what about our defense budget? What about infrastructure? What about education? What about running the country?
• 10:31
  What about everything else? It's like, well, that's why they're expecting that the actual expenditures are going to probably be $2.2500000000000.0 more than what we bring in. It's like nuts. That's a lot. So put that into perspective.
• 10:53
  From 1776 until 1980, '2 zero '4 years, we amassed $980,000,000,000 worth of federal debt. That was what our federal debt was in 1980. Took two zero four years to get to that point. In the last fifteen years, we've amassed about 27,000,000,000,000 of our $34,000,000,000,000 debt just came in the last fifteen years. Now it's accelerating because Biden's stupid budget is 2 and a half to $2,800,000,000,000 in one year more than what we bring in.
• 11:27
  This is out of control. Absolutely out of control. So so now it's time to pay the piper, right? This is where the invading army is at the city gates and why Harry Dent is saying 2024 is going to be the biggest collapse of our lifetime. Now, he's calling it a collapse.
• 11:48
  The words have meaning, right? Because he says the biggest crash of our lifetime in the headline, but in the article he's talking about a collapse. So if you think about the meaning of those words, a correction, like if somebody's saying, oh, the stock market's going to correct, it's like, it's 5%, ten % correction, right? It'll come down. We buy at these lower points, and then we can ride the trend back up.
• 12:13
  Where a crash is even a little bit more extreme. It's like a car crash, right? You're going down the road, you smash into the car in front of you, you need a tow truck to pull your car away, you might have to go to the hospital for whiplash or something. It's painful, but you recover. Just cause traffic for a bit and maybe some expense.
• 12:33
  A collapse to me would be like nineeleven. The tower's coming destruction, death, rubble everywhere. And it took them years to clean everything up. And then you had to rebuild what had come down. See, that's how I view the economy in 2024.
• 12:56
  Not a crash, not a correction, but it actually collapsed that was going to need to be rebuilt. It's like, Okay, who's going to rebuild it? This is the battle, right? Because you've got the World Economic Forum people, the IMF, the globalists that are saying, we've got a great reset. A great reset is not necessarily a financial reset.
• 13:17
  It's a political reset, changing the way that we think about everything and who controls whom. And they want to control who spends what, with whom, and where. So if you want to control a person, you control what they spend on. This is what their great reset is about. And they'll use nice, soft, friendly terms like climate, environmentalism, and all these things, green energy and everything else, which is all about control because adds to your social credit score, your ESGs if you're a company, digital social profiles.
• 13:53
  And if they don't like you, they'll cut you off from buying or selling, which means they control you. Where we've got other people that think more like us, they're saying, wait a second. Like, for example, the president of Argentina, the new president, I mean, he just came out with a law in Argentina, which is an interesting one, that says there is no such thing as government legal tender in Argentina anymore. So like in The US, if you want to buy anything, you have to use the US dollar. You can't use the euro or the yen.
• 14:32
  You have to use the US dollar. It's the legal tender of our country, right? So in Argentina, no such thing anymore. You can actually trade in whatever the contract between two parties says they want to accept as money, which opens the door to not a central bank currency, but Bitcoin, silver as barter, any alternative currency, if they were to say, we want to use the US dollar or we want to use a world coin or we want to use whatever. Well, you can.
• 15:09
  See, he just opened the door to currency competition in Argentina to try to fix their stinking currency that's awful. And I think other countries are going to start copying that because it makes sense. Right? When you have a currency that's collapsing, that makes sense. So let's go back to the collapse that Dent's talking about, right?
• 15:30
  So he said on Fox Business last week, he said, The money printing madness that's been occurring since 02/2009 is going to take its toll like never before in history. Then he talks about how since 02/2009, all the growth we've seen in the markets have been 100% artificial, unprecedented money printing and deficits. And this is where the 27 of our 34,000,000,000,000 has come over the last fifteen years. So he said, we're never going to get back to normal. We need to send a message to central banks.
• 16:09
  This should be a lesson that he said, I don't think we'll ever revisit because we're never going to see a bubble like this again in our lifetime. So if we dissect that statement, everything that we're seeing, stock market growth, bond market growth, real estate growth, it's all based on funny money. It's debt, right? The stimulus money that's been printed out of thin air. Even over the last year, BlackRock's been buying up all these houses all over the country, artificially keeping prices up.
• 16:41
  That's insane because they got stopped. Money does run out at some point, right? So everything is going to come crashing down. But unlike February, that took eight years to recover from that tech stock bubble that burst, or 02/2009, which was a subprime lending bubble that burst. This one's a debt bubble.
• 17:03
  This one encompasses everything, Seth. And it's not just in America, it's global. This is a global debt bubble that's been keeping markets propped up for decades is about to burst because we've hit critical mass. The invading army is at the city gate. It's almost like, I think, and I think, I'm not God, I don't control the markets, right?
• 17:28
  But we're going to stop talking about the stuff that's going to happen this year, and we're going to start talking about the things that are happening this year, right? Because I think we're right there. And he says in the last part, Great Depression two point zero, here it comes. He thinks that because of all of this, this acceleration of this debt that's creating Great Depression two point zero started in its acceleration mode in 2021 after COVID. And he said this bubble has gotten so big and it's so tight that the pinprick, it's going to explode quick.
• 18:10
  It's not going to be a slow correction. It's not going to be like a leak in a balloon. A bubble bursting is bursting. It happened right away, right? So he thinks that this is going to take ten to twelve years of just nasty, slow, prolonged yuckiness and lower than expected returns in normal markets, because there's not going to be enough money to actually recover from the burst.
• 18:41
  So the burst is going to happen, everything comes crashing down, and then you're going to stay at those levels for a decade plus. That's what he thinks. It's like trying to think about this and analyze it as an economist, it's like, I can't poke a hole in that theory. Because when people don't have money, there's no revenues or there's no earnings, there's no profits, and stocks are going to stay low. This is an inflationary credit debt based bubble that's about to burst that impacts everything that was purchased with debt, which is all of the stock market for the last fifteen years, primarily real estate, the bond market, stimulus money after stimulus money after stimulus money, it's debt, and that's the system that needs to be reset.
• 19:29
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• 20:29
  When it says here, he said things are not gonna come back to normal in a few years. We we may never see these levels again. And this crash is not going to be a correction. It's gonna be more in the 29 to 32 level than anybody who sat through that would have shot their stock broker broker. And what's interesting is that you rarely see these people telling giving direct financial advice.
• 20:51
  You see these predictions, they say, look, I'm not gonna give you advice. But he says here, this is worth reading. He says, by next May, Dent predicts the general public will be able to clearly see that something is very wrong. Until then, Dent recommends that people pull out of the markets and wait because what is soon to come will be a whole lot worse than simple correction. He says, quote, if I'm right, it is going to be the biggest crash of our lifetime, most of it happening in 2024.
• 21:17
  You're gonna start to see it you're gonna see it start and be more obvious by May. He says, so if you just get out for six to twelve months and stuff says the highest valuation history, maybe you miss a little more gains if I'm wrong. If I'm right, you're gonna save massive losses and be able to reinvest a year and a half from now at unbelievably low prices and magnify your gains beyond compare. So I wanna just make a a quick point here because as I'm I'm reading through this, like, I felt that there's really there's two types of people. There's the people that think that because everything has been a certain way, it always will be that way.
• 21:56
  Right? These are the people that say in 2019, you know, you had people like Alex Jones and many other people saying, look, there's a pandemic coming. Right? And, you know, even for for the decade leading up to that, they're saying, look, there's a pandemic coming. This is what's coming.
• 22:08
  Here's all the indicators of what's coming in 2020, what's coming soon. And most people, I think, would write that off and say, no. We're not gonna see this is The United States. We're not gonna see United States go into lockdowns with, you know, forced medication, you know, whatever it is. This is America.
• 22:26
  Right? But when it happened, I think a lot of people got caught with their pants down. So there's because those things are actually the majority of people, and they're not the ones that watch these shows. Right? They're the ones that are tuning in to CNBC.
• 22:37
  And what's Jim Kramer saying? I think the majority of people have that cognitive dis you know, dissonance or that normalcy bias. They think that, well, things have always been this way, and so they will always will be this way. But there's also the people, which I think is much more of the discerning patriots watching this show, that they're looking at all the indicators. They're also looking at the, you know, why is the Rockefeller Lockstep, you know, document talking about these lockdowns and this this virus coming out?
• 23:05
  They're looking for all the clues. And so when I look at a lot of what Dent is talking about here, again, it's it's what you and I spent a lot of time talking about, It's it's being realistic and saying, look, these are all the indicators. Now, of course, there's a lot of reasons why things don't play out as you expect. I mean, 2024 could be a banner year for the stock market. Right?
• 23:28
  We could see housing prices up by 50% by November. We don't know. There's a lot of crazy things that happen. But for me, all the indicators are showing the opposite. And I like I like his even his advice of just just basically, hey, just pull out of the markets and wait and see what happens.
• 23:47
  Because if if I'm right, maybe or say if I'm wrong, maybe you lost the opportunity to make an extra 5% this year. But if I'm right, then you've you've now preserved your assets at the highest prices in history. Or if you're smart, maybe move those into other more stable assets. Right? Like land, precious metals, etcetera.
• 24:06
  But if he's but if he's right, then what it means is that, like, right now, say you had a million dollars in the stock market or your IRA, and you say you put that into silver, and you kind of held it there. And then that, you know, the the values that kind of support your IRA, all those stocks drop by, say, 50 or 70% over the next year and a half. Well, you take all that money that's sitting in silver or sitting wherever it is, and you can enter back into the market like this exactly how the elites take over societies. That's how they make all the money is that they buy when everyone's selling, they sell when everyone's buying. So it's just interesting kind of piecing this all together.
• 24:42
  And I don't, you know, I don't like looking at this and like, okay, this is a doomsday prediction of 2024, but it's like, all the evidence is pointing towards this. And the people that are saying it's not pointing towards this are the same people that probably told you that, you know, oh, yeah, two weeks will slow the spread and everything would be back to normal. And I don't trust those people anymore.
• 25:00
  Speaker 2: No, neither do I. So, I mean, really what he's saying is he would rather be early than be like well, I've said this with you a bunch too. It's like, I would rather be nine months, six months, three months early getting out than be one day late, because one day late might be too late, right? So it's like, Kirk, that's so extraordinarily reactionary. Why would you say Well, let's say that you had a bank account at Silicon Valley Bank, and you saw the writing on the wall and said, it's getting ugly.
• 25:32
  Capitalization is down. They've got some bad loans. Or Credit Suisse or First Republic or Silvergate Bank or Signature Bank, all of them that went under. If you saw the writing on the wall and you got out a year early, nine months early, three months early, you just said, well, whatever kind of growth I was seeing in there, I missed a little bit of it. But a day late meant that all of your money evaporated, right?
• 26:00
  That was over the FDIC limit. It's like nuts. Now what? I wish I would have been early and seen the warning signs and just got my money out because now I have nothing, right? So that's kind of the scenario that I'm talking about.
• 26:14
  Now, I would rather sit on the sideline, get out, but it's not like a decade ago where you sit on the sideline, sit in cash and think that you're actually safer because we don't know when the next bank is going to fail now. It's like, ugh. So even sitting on too much cash is a little bit dangerous. This is why allocating into tangible assets makes a lot of sense because you're getting out of the system. You're not sitting in cash, which could be dangerous, which five years ago, even it wasn't, right?
• 26:47
  You're not in the stock market, which is poised for a big collapse. And because it's based on debt, well, goodness, I would rather be a little bit early and go into tangible assets, which is your safe haven. So why is it your safe haven? Because in times of debt, in times of crisis, precious metals tend to do really well. Well, how much debt are we sitting People don't really understand this to the full extent.
• 27:17
  There's this article that you and I were talking about called The World is Sitting on a Powder Keg of Debt, right? So, okay, powder keg, a bunch of gunpowder, it's about to explode. It's a really nasty explosion, right? Well, the International Monetary Fund projects that total government debt at the end of twenty twenty three, which just ended, is going to be $97,100,000,000,000 And it was. I think it was actually even a little bit higher.
• 27:47
  Well, that was a 40% increase in total global debt from 2019. '40 percent growth in debt since simply 2019. I mean, that's not that long ago. But how much of that is The United States? So ninety seven point one trillion dollars of total government debt globally.
• 28:11
  What's our national debt? 34,000,000,000,000. It's like 34 of 97. We're easily 35% of all of the global debt is simply from America. It's like, oh my word, there's a lot of countries.
• 28:29
  There's a lot of big countries that are bigger than us when you had China and India. And it's like, good grief, we're 35% of all the global debt. That's the powder keg waiting to explode, right, because we can't sustain it. But here's where it starts to get even more squirrelly in this article. So I remember back to, oh my word, it was the early to mid 2000s, in maybe 02/2005, '2 thousand and '7 time.
• 28:59
  And I was looking at The US debt compared to the gross domestic product of America. And we were like at 80%. So 80% of our gross domestic product was our debt number. And I was getting a little bit nervous at the time thinking, because I know research, I know history. And when a country gets to 100%, a debt to GDP ratio where the debt in the country equals the gross domestic product or the output and production of a country, that country fails.
• 29:34
  It ceases to exist in its current state. Meaning, if you're a democracy or republic like we are, you shift over to a dictatorship. If you're a dictatorship, you could possibly shift over in the other way because there's regime change. Monetarily, you could see a change in currency. Your current currency doesn't exist anymore.
• 29:57
  So the odds are 100% of the time, those aren't good odds, that a country somehow fails, changes its currency, changes its political structure when debt equals gross domestic product. Okay. So let's look at and why is that? Because the amount to sustain that debt, it's not there with production. The production of the country isn't there to sustain even the interest only payments.
• 30:26
  Like you look at ours in America, we're $850,000,000,000 We bring in $4,800,000,000,000 Well, that's like 35% of our entire What we bring in is now interest only payments. And interest rates are going to have to rise because with the emergence of the BRICS nations, the BRICS nations take away petrodollar status. We're going to have to print our way out of it. More inflation means higher rates coming. This a problem.
• 30:53
  So you look at, Seth, our our gross domestic product compared to our debt, we're now at about a 23.
• 31:05
  Seth Holehouse: Folks, I have a quick message for you. Look, the twenty twenty four election is do or die for the globalist and communists that have infiltrated our country and are currently running it. And they either have to win or they're gonna destroy America so nothing is left either way. And if you're the person that's watching this show and following this information, unfortunately, you have the weight on your shoulders of making sure that your family is prepared, especially as we head in to this next year and this next election cycle because unfortunately, I think it's going to get rough. And one of the ways I know they're going to target us is through our food supply.
• 31:38
  You can see all the food factories burned down, you can see the warnings of coming famines and food shortages and everything like that. And food is one of the number one ways totalitarian regimes have always used to control the populations destroy the food supply. So if you don't have at least two, three, four, five, six months worth of stored food, I highly recommend you take that very seriously. Because look, as I mentioned, if you're the person that's watching this, you're the person that carries the burden of making sure your family is prepared. I would recommend at least six months, if not a year of storable food.
• 32:10
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• 32:53
  Speaker 2: So we're 23% higher in debt than we are in gross domestic product. Not like the early two thousands when I was concerned that we were at 80 and starting to approach 100. We blasted past that since then. It's like worst one of the worst in the world. I mean, is really bad.
• 33:10
  So equate this to The US family. What happens if you spend more money than what you make? You file for bankruptcy. Over time, you run out of money, you run out of reserves, you just have to file for bankruptcy. So apply this.
• 33:29
  What's true for an individual is true for a country. Country is going to have to file for bankruptcy. This is what happens when currencies collapse. And we've seen it in Argentina. We've seen it in Venezuela.
• 33:40
  We've seen it in Zimbabwe. I mean, countries can go bankrupt. But now the IMF, this is first time in history. This is a wild statement. By 2028, which is four years from now, what is their basically trend line showing them?
• 34:01
  That 100%, every country in the world, every country in the world, their debt is going to surpass their gross domestic product. Every single country. It's not just America, which means what? The world is going to have to go bankrupt. So how do they fix it?
• 34:20
  The great taking, great reset. They just fix it by taking the broken system, reestablishing something new. You've got to try to persuade the public that what they have is good and can fix it and don't believe a word that comes out of their mouth. Because it's not going to be good. It's not going to fix anything.
• 34:43
  It's going to remove all of your privacy and all of your financial freedom. That's all it's going to do. And you become a digital slave in their digital world. You're like a serfdom again, right? That's what they're bringing, is this is when they control everybody's spending.
• 35:02
  This is global communism and finances. And in communism, not everybody is equally wealthy. Everybody is equally poor. And you're a slave to the state. That's what they want.
• 35:18
  And I believe the numbers are not in our favor, right? Because this is where the numbers are showing us that 100% of the world is going to have debt that's greater than their GDP by the year 2028. We're already at 123% in America. And this is America, One of the most productive, profitable, wealthy countries in the history of the world. And we're there.
• 35:44
  What do you think everything else is going to do? It's like, this is their plan, right? We could say this is their plan, this is their plan. Collapse The US economy, kick the dollar out of the sandbox so there is no opposition. We're the only game in town.
• 35:59
  Everyone's got to have to be a slave to our puppet masters, right? I mean, this is where I see it's going. Doesn't mean that you have to have a frown on your face, because with every crisis comes an opportunity. And this is where when you allocate properly into tangible assets like gold and silver that are out of the system, you're not a tokenized thing. It's not digital.
• 36:22
  It's not a certificate. It's not a piece of paper that can easily be wiped away with manipulation.
• 36:27
  Seth Holehouse: Can bury it in the backyard if you want to.
• 36:30
  Speaker 2: It's a tangible asset that you have that you could use if we get to the point like they have in Argentina already of saying competitive currencies. You can use whatever you want to transact back and forth because our currency stinks. And they've got massive amounts of rioting and looting and protests, and the politicians are going to want to get involved so they can get reelected. And it's like, well, maybe we'll just have competition of currency, right? Malay and Argentina is already doing it, right?
• 37:03
  So I think other countries will follow suit. And this is where I have hope. But we don't have to wait for other countries to follow suit. You can do the same thing yourself on a smaller scale just by allocating into instead of thousands of tons of gold like the central banks around the globe are doing, just buy ounces. Start by buying ounces of silver, ounces of gold, doing the same thing that they're doing just at your own personal level, whether that's $500 or 500,000 or 5,000,000, doesn't matter.
• 37:36
  Do what you can do to get out of the system and allocate into strength. And truly, that's when you can start to have a smile on your face financially.
• 37:44
  Seth Holehouse: And it's it's just interesting looking at this because I think that anybody that says, oh, this is just fear mongering. My response to that is that you must not be paying attention. Like, that's the only that's the only conclusion I can come to is that maybe you're not paying attention. Because when you look at this stuff rationally, with with a very sober mind, and you're just taking it for what it is, it paints a very clear picture. Now as we talked about, it's not a %.
• 38:12
  It's not a an absolute prophecy as this will happen. But to me, there's enough evidence I look at this and say, okay, well, I'm gonna start taking some actions now. So that way, I'm not that person lining up outside of, you know, a Silicon Valley bank, hoping I'll get some money out of it. So Kirk, if folks want to get ahold of you, and they want to do say an IRA transfer, four zero one k, or just, you know, do an outright purchase, and whether they want to store it, and vault it with one of vaults that you work with or have it shipped to their home and bury it in their backyard. How do they do that?
• 38:45
  Speaker 2: A couple of different ways. I mean, they can go to the link that we've established for your show, goldwithseth.com. Or they can call us at (720) 605-3900 and just say that Seth sent you. You heard Doctor. Kirk and Seth talking about it and you want to protect, preserve, strategically kind of reallocate into strength and precious metals to protect your paper assets that you have, right?
• 39:12
  So just give us a call or go to goldwithseth.com and set up a consultation with one of our consultants, and we'll help map out that strategy for success moving forward.
• 39:22
  Seth Holehouse: And there's just this simple form on the bottom of goldwithSeth.com
• 39:25
  Speaker 2: That's it.
• 39:26
  Seth Holehouse: Which sets it up. Well, Kirk, it's always great having you on. I appreciate, you know, looking back at the last year together, all the support you've given me, and you've allowed us to keep, you know, put you know, keep going at this. I'm really, really grateful for that, the role that you've played. And I just I thank you.
• 39:42
  It's good to have you on. I think this is really important information. And I think that all this, especially being on top of an election year, which lately tends to be the times when everything goes haywire, like this is the time where I'm like, okay, time to to hunker down. So Kirk, until next time. Thank you so much.
• 39:59
  It's just such a pleasure having you on.
• 40:02
  Speaker 2: Thank you. It's my pleasure. We'll talk to you soon.