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The DoD's Covert War on Precious Metals 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 you know, I follow a lot of the financial news globally, especially as it relates to precious metals. But to me, that's just a an indicator of much bigger things happening. Right?
• 0:15
  So he's like, okay. Why the financial news? Well, financial stuff underpins everything in this world, which is why folks like Martin Armstrong can predict wars based on what he's seeing happening first in the financial financial arena. And so right now in America, of course, we're being lied to by the government. They're saying, yeah, things are getting better and everything, but that's not the case.
• 0:34
  I've got a video to to play for you all on today's show of this this young girl struggling, just living in modern America. Rents gone up. Food prices are going up. She's having to cut back in on eating to to get by, which is really it's not ideal. It's it's it's far from ideal.
• 0:49
  But I'll also be talking about some bigger picture things with with price manipulation, price controls, And this institute I was never familiar with called the Silver Institute, which is this governmental institute, which is tied very closely to the DOD, which needs silver for weapons manufacturing and how they're supposed to be promoting silver, but how they're actually undermining it and playing a role in keeping prices down. So it's gonna be a really interesting episode with my good friend, doctor Kirk Elliott. So folks, please enjoy the interview. Kirk, it's great to have you back on. How's it going?
• 1:21
  Speaker 2: Oh, it's really great to be back on, and it's going well. You know, things are moving along in the economy. Everything that you and I have talked about for the last year, gold and silver getting momentum and traction because inflationary pressures are persisting. I mean, lies and more lies and more lies coming out of D. C.
• 1:42
  And the Fed and the Treasury Department and, you know, billionaires buying gold, dumping their stocks. I mean, seriously, there's there's never a dull moment. And then and then I'm looking at never a stinking dull moment in politics. Right. So you've got now the the big, you know, the people running for president, you know, Trump's basically starting to pick his vice presidential nominees.
• 2:08
  You know who else did? RFK Jr. He's got his top two. Aaron Rodgers, the quarterback for the Jets. It's like, wait a second, Is he going to stop playing for the Jets?
• 2:18
  What gives? And then the other one is Jesse Ventura. It's like, woah. That's like, this is getting squirrelly. You know?
• 2:26
  But there's never a dull moment anywhere. And so during times of chaos and turbulence and uncertainty and weirdness, and you know what, that's when people start to pull back the reins and say, I don't know what's real. I don't know what's true. All I know is that something doesn't seem to be right. Let's just pull back.
• 2:46
  Let's just sit back with our investing, with our spending, with all of that. And it's times like this that you really do see economic fallout and chaos because it's just human nature. When people don't have consistency of future expectations, that's why people invest. That's why you invest in Meta or Google or General Motors or anything is because you expect that company to do great things because they have great products, the economy is booming, and you want your invested money now to be worth more down the road. People don't have that perception anymore.
• 3:28
  Seth Holehouse: No, not right.
• 3:29
  Speaker 2: They don't. And the end of this week let's see. Is it the end of yeah. See, it's Friday. On Friday, the the consumer confidence and sentiment reports come out.
• 3:44
  This is a big week for reports. Well, that's going to tell us people don't feel so hot about the economy. Right? They just they're just not feeling it. Well, when they don't feel it, they're not going to spend and when they don't spend, companies don't make revenue.
• 3:59
  They're also not going to invest because in people's hearts and minds, they know that they're not spending. Companies aren't making money. Why would you invest if companies that you invest in aren't going to make money? I mean, so it's this vicious cycle that we're in right now. And it's all part of, I think, this bigger narrative of nobody knows what's going on politically, economically, spiritually.
• 4:27
  I mean, God knows what's going on spiritually. None of this is a surprise to him. You know, it's not like he's up and having, you know, scratching his beard thinking, oh, man, I didn't see any of this coming. I had no idea. No, he knows everything that's going on, right?
• 4:41
  So but in our weakness, he's made strong. We just have to start to operate with wisdom and discernment and creativity and everything that we do to navigate through these crises.
• 4:55
  Seth Holehouse: But you're right, though, that when saying that people just they they they can't see a future. And I I mean, it's difficult. Like, it's you know, I've interviewed this guy named doctor Michael Nels recently who's been talking a lot about how the mind works and how we form our memories. And you you take his research, but even going back into, say, Viktor Frankl, who wrote Man's Search for Meaning, and what happened to the people in labor camps and concentration camps during World War two when they couldn't see a future. Like, they didn't know how long they would be in that, and how that was what broke their spirit.
• 5:29
  But it's also just the the the day to day. Right? The the living. And I think that people are really feeling a squeeze. And actually, I saved a video, and I wanna play this video really quickly for the audience.
• 5:40
  It's 55 long of just this young girl that was put a video up on TikTok talking about what it's like living in America. So I'll play this really quickly because it's really important to understand that this is life for a lot of Americans that, say, ten years ago, were getting by. So I'll I'll play this now.
• 5:59
  Speaker 3: This is the first month I won't be able to afford rent. I'm not a rich person. I don't don't have a lot of stuff. I have basic household necessities, a couch, a bed, washer, a dryer. That's about it.
• 6:12
  A car. I don't have a lot of lavish things. I don't go on vacations and I don't spend a lot. That's increased from $1,300 to $1,800 The food prices are too high. I've cut back on eating because I literally cannot afford food.
• 6:28
  I've cut back on my favorite snacks, cat food, treats. I'm exhausted all the time for being overworked and underpaid. You don't catch a break when you're when you grow up poor. I don't need much to be happy. I just want to be able to live comfortable.
• 6:45
  They just really need to catch a break right now. I'm trying so hard, and I feel like I'm not doing enough. I don't have family. I don't have anything to fall back on. This is the first month I won't be able to
• 6:56
  Seth Holehouse: And and it's sad seeing that. And I watched that video a few times because I I I think it's important to just connect with that reality. And, you know, I've always been more entrepreneurial and, you know, I've certainly you know, part of being an entrepreneur means that you go into debt, and you have ups and downs. And I definitely had time where I was, like, really scraping by, right, as one thing was failing and trying to start start the next thing. But that's, like, that's reality for a lot of Americans.
• 7:26
  And so, you know, you and I come on the show, and we have these discussions, and we talk about, you know, job numbers. We talk about unemployment. We talk about inflation, grocery costs, and it it sometimes, it may seem like it's more theoretical or even more conceptual, but, like, that's the the everyday harsh reality for a lot of people in America. And, unfortunately, I I don't really see it improving. I I think that the story she's telling in in six months or twelve months will be the story that people are hearing all across this country in in a much greater amount.
• 8:01
  But what do you make of this, her overall, you know, situation, but also in contrast to what you're seeing in the metals markets? And Yeah. I mean, how do you make sense of all this? Because it's you're right. It's such a confusing time.
• 8:17
  Speaker 2: Well, is confusing, and and my heart breaks for that story. It's not just her, but that is the plight of most of America right now. It is. Like, the the inflation numbers just came out, and they went up. And so here's part of the lie of the narrative that we're getting from Yellen and Jerome Powell.
• 8:36
  It's like, we've tackled this inflationary thing. We've tackled, tamed this beast. And so therefore, don't have to. But we haven't tackled it enough where we can actually start lowering rates again like they promised six months ago. What have they done instead?
• 8:55
  Kept rates steady, just paused, not lowering, not raising, because they truly don't know what to do. So when you don't know what to do, you're just going to pause. Well, they paused at high interest rates, but not high enough. See, unofficially inflation is still 12% to 15% right now. So the only way for interest rates to slow down inflation is for interest rates to go higher than the inflation rate.
• 9:24
  Well, if we're unofficially at 12 to 15, don't believe the numbers that you see that they're 3.8. It's not true. Our wallets will tell us it's not true. That girl's story on that video tells us it's not true. Her rent went from, what'd she say, 1,500 to 18 hundred a month?
• 9:41
  Seth Holehouse: I think 1,300 to 18 hundred.
• 9:44
  Speaker 2: 13 hundred to 18 hundred. 5 hundred, 5 hundred dollar.
• 9:47
  Seth Holehouse: Almost a 50% increase.
• 9:49
  Speaker 2: I mean, it's massive. So don't tell me inflation is 3.8%. So I was reading this article about the inflation. And what did Janet Yellen say? She said the biggest component of inflation right now is the cost of rental housing.
• 10:05
  Well, and that girl's story is proof in the pudding of that, right? So you've got all of these things. People can't afford to live, and when people can't afford to live, they're not going to spend as much. I mean, just her little story. She's saying how she's going to cut down on her spending and she doesn't live frivolously.
• 10:22
  It's like, Okay, this is most of America, right? So you've got that part going on, which just shows us how desperate America is for something good. Right. We just need something good. We need a win.
• 10:39
  But we're not going to get one. Janet Yellen said yesterday, she said, I wish I would have never used the terms transitory inflation. Because that was their narrative back in 2021, it's like, oh, this is just temporary. You know, this is just a passing thing. It might last a week, it might last a few months.
• 10:59
  Now, a few years later, we're still hitting it. It's like she wishes she would have never done that because now she's exposed as having those comments be politically charged and motivated. Because this is and we talked about this literally. I've been shouting this. It was never transitory inflation.
• 11:19
  It's real inflation because inflation is is just an increase in the money supply, which is that's what and because you cheapen your currency by printing so much of it, it causes everything you buy to require more of those cheapened dollars. That's inflation. So it was never transitory. It was always real because they went to the printing press like it was a Pez dispenser and just, you know, just kept pressing the button and printing more money. So you've got those lies coming.
• 11:48
  You've got the lies coming out of the Bureau of Labor Statistics and the Biden administration about jobs. You know. There's not a plethora of jobs out there right now. I mean, there's for hire signs everywhere, but for whatever dumb reason, you can't fill those positions. Nobody wants to work because you can make more money on welfare than you can by going to get a job or something.
• 12:15
  But the official numbers are 275,000 jobs are created since the last report. Created 275,000. It's not a small number, but yet unemployment went up. It's like, what? How could you create jobs and unemployment still goes up?
• 12:34
  That makes zero sense. Right. But oh, but I know how they fudge the numbers. So let's just say, Seth, that you were out of work and you're hitting the streets pounding on every door that you can find saying, hire me, please. I'm a good worker.
• 12:50
  I'm smart. You know, I'll work hard for you. Please hire me. And this goes on door after door after door. Well, six months of that and still nobody hires you, you get so discouraged, Seth, that you say, I'm throwing in the towel.
• 13:04
  I'm just I'm not going to I'm I'm just not going to work. I'll just live under a bridge. I'll keep just getting welfare payments or whatever. I'm I'm done. So what what would the government say about you?
• 13:17
  They actually don't say that you're unemployed anymore. Because you voluntarily decided to stop looking, they take you out of the numbers. See, that's what I think is happening in America, which automatically, if they take you out of the total pool of people being measured, it makes unemployment go down. Right. It makes and so so that's how they're manipulating the numbers.
• 13:42
  Also, people with disability, they're not working. When you gave up looking for a job, you're not working. But they would say, we're taking those people out of the pool. But that's not reality. Ultimately, the reality is now there's so many people on unemployment that aren't working that it's the equivalent.
• 14:04
  If you were to add up the population of all of the states and take the bottom 28 states, every man, woman, and child in the bottom 28 most populous states is unemployed. Every single person in 28 states, unemployed. If I were to just take one of those states, West Virginia, and I'd say, hey, Seth, everybody in West Virginia is unemployed. Like every single person, nobody in the state has a job. You'd say, holy cow, that's like bad.
• 14:38
  We've got to do something. We've got to fix this. Well, I would agree. But the ultimate reality is it's everybody in 28 states that's unemployed right now. See, they aren't looking at the real numbers and you can make numbers lie.
• 14:52
  Right. So here's where I know that if we were to have a broad based topic for the show, it's it's people lie. I mean Governments, especially. Governments lie. Right?
• 15:03
  So
• 15:04
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• 15:17
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• 15:37
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• 16:12
  Speaker 2: So here's another thing about gold and silver. You know, I've been talking a lot lately about how silver has been having these spikes and it's starting to create momentum. I'll get people that say, Kirk, you talk about central banks buying thousands of tons of gold, but you never talk about gold. Why? Well, because silver's outperforming.
• 16:35
  And they'll say, no, it's not. I looked on the charts. It's like, I do know what I'm doing. I've been doing this for thirty years. I'm not wrong.
• 16:42
  So so here's where I looked. Right? Because I want to show people the proof in what I'm saying. So over the last month, the last thirty days, silver's up 10%, gold's up 6.3%. So 6.3 versus 10.
• 17:01
  Are either of those bad for a thirty day span? Nope. That's both fantastic for a thirty day span. But silver at 10%, gold at 6.3, really, that's about 50% faster growth in silver than there is in gold. Now, thirty days doesn't make a trend, does it?
• 17:21
  Over the last year, silver's up 21.8%, gold's up 19.3. Even over the last twelve months, silver is still doing better. Over the last five years, silver is up 62.2%, gold's up 66.7. So over five years, gold's doing a little bit better, but they're so even over a five year span. I say, Okay, that's a wash.
• 17:46
  But what's the more important thing is silver is outperforming this current trend because silver has a unique characteristic. Gold is only a financial metal, meaning it thrives on chaos, uncertainty, turbulence, inflationary pressures, unsustainable debt. So silver does, too. But silver is also a manufacturing metal. It's used in industry.
• 18:12
  It's used in manufacturing, so it serves a quasi role. I'm not saying it's the greatest thing since sliced bread. I'm just saying in a booming economy, silver does well because of the industrial demand. In a faltering economy, silver can do well because it acts as a financial metal like gold does. Now, there's going to be times in there where ebbs and flows, but it's really when our goal is to minimize risk, maximize return.
• 18:38
  That's why I love silver so much. Now, there's this article that I found a couple of days ago from the Silver Institute. Silver Institute basically was looking at the aggregate supply versus aggregate demand for silver in 2024. Contracts already written, manufacturers need silver. 1,200,000,000 ounces of silver is accounted for for this year.
• 19:05
  How much are the mines going to produce? 1,000,000,000 ounces. Man, that's a 200,000,000 ounce shortfall. 200,000,000 ounces that's needed that's not there. Economics one hundred one tells us low supply, high demand prices go up.
• 19:22
  So how much are they thinking? They think silver could outperform gold and hit a ten year high this year. So that's silver potentially pushing close to $50 an ounce in a year. See, because remember in 2011, silver made it to $48 an ounce. It's like, yeah, it was, I mean, for similar reasons, right?
• 19:43
  So even if they're the biggest dunces in the world and they're under understating the performance by 50%, they get an F. Well, from where we are today, you know, '25 to 50, half of that's $37.50, right? So let's say silver only gets to $38 an ounce. It's 25. I mean, that's still a 50% growth rate from where we are today.
• 20:10
  This is amazing, right? Even if they get an F. So in what we've seen in silver over the last three weeks, it's gone from 22 to 25. I mean, literally, it's up like 15% in a few weeks. It's doing really well because the last few days, some of this news started coming out to supply demand discrepancies and silver skyrocketing.
• 20:33
  I mean, it's doing really great, really, really great. So now let's take a little step back to the Silver Institute, the ones who are predicting this price movement. So I've been working a lot over the last couple of weeks with the people from Wall Street Silver. So Wall Street bets ring back a couple of years ago, exposed and started the short squeeze in AMC Theater and GameStop. And GameStop went up like 1600% in a month, right?
• 21:08
  It's because they were showing these things. I mean, these people are very smart, brilliant researchers. So they've been giving me some information on the Silver Institute. So Silver Institute was started back during the Manhattan Project, during the atomic bomb being developed. So way back then, well, who controls the Silver Institute?
• 21:30
  The Treasury Department, the Department of Defense, and the Fed. It's like, that's interesting that they're controlling this. So the Silver Institute, right, sounds like very academic and they're going to be out there pushing for higher silver, creating demand, spelling out a narrative for it, blah, blah, blah. Well, what's their ultimate goal? Who controls them?
• 21:55
  The DOD. The Department of Defense and Aerospace Industries are the largest consumers of silver on the planet for industrial purposes. So it's in their best interest to keep silver relatively low because they need it for torpedoes and missiles and airplanes and circuitry and everything else, right? So let me ask you this question. So let's say that you love hamburgers, and you want to eat a hamburger every single day, like literally every day.
• 22:28
  Do you want meat prices to be high or meat prices to be low if you're eating a burger every single day?
• 22:35
  Seth Holehouse: I just want eat burgers all day. It doesn't really matter. Yeah.
• 22:38
  Speaker 2: So If
• 22:38
  Seth Holehouse: I could eat burgers every day, I'd be a happy man.
• 22:41
  Speaker 2: You'd be happy, so you don't want to pay a lot.
• 22:42
  Seth Holehouse: Well, of course, I want them to be cheaper, obviously.
• 22:44
  Speaker 2: Yeah. So same thing with the narrative coming from the Silver Institute. If they're controlled by the Department of Defense, hey, we want create this narrative for silver, but we want to keep prices low. This is where the manipulation started. So even with manipulation, we've seen what's happened to the silver price is still up dramatically.
• 23:06
  That's with manipulation. So what the people at Wall Street Silver are doing, they've created a manifesto, so to speak, of mining companies, CEOs, and others now wanting to expose silver in suit for who they really are. And this is going to be scary for them because they're going to be proven to have manipulated prices for decades, longer than that. So imagine what happens in a world where manipulation is gone, where there's transparency and accountability and free markets. Silver should easily be $120 an ounce today without manipulation.
• 23:44
  Probably much, much, much higher based on supply and demand. So this is what's exciting for me. Even with their understated projections, were expected to hit ten year highs, which would be almost doubling from where we are today. But remember, they understate for political reasons. It's probably going to go much higher than that.
• 24:07
  So as I look into some of these things, some of these stories that are starting to unfold, the market dynamics, the supply and demand for silver, where we are, that the big boys are getting out of their stocks, Walton's that own Walmart selling $4,500,000,000 worth, Bezos selling over $10,000,000,000 worth of Amazon, Bill Gates getting rid of all of his stuff except for his land. He knows that tangible assets are good, that meat is good, agricultural producing land is good. But yet that's not the narrative they'll talk about, which is one thing, this underlying message, always watch what they do, don't necessarily listen to what they say, because it oftentimes says a different story. So as we pack all this stuff together, my main message is politicians are lying. You can make numbers lie and they're manipulated.
• 25:01
  The reality is under Biden's plan for America, the economy is not good. People aren't working. Inflation is persisting. Interest rates are going to have to rise. And now you add to that the soon to be exposed manipulation of the markets, we're in the right place at the right time at the beginning of a massive trend.
• 25:24
  And that's exactly where we wanna be.
• 25:26
  Seth Holehouse: I guess the question is that for people that are looking and saying, well, if gold's at near an all time high and silver's at, say, '25 when it was 17, you know, why why not wait till gold's back to 1,700, or why not wait till gold's back to $17? Right? Why come in at at this kind of a high moment?
• 25:44
  Speaker 2: So here, I mean, that's a really good question because in any market, we want to buy low and sell high, right? So if gold's at an all time high, we have to ask ourselves a question. What are the fundamentals that caused it? What causes gold's growth? Unsustainable debt, inflationary pressures, political chaos, geopolitical conflict.
• 26:07
  Do we have all of those? Yeah, we have all of them. So therefore, even though we're at an all time high, tomorrow we might be at a new all time high. Two days from now, another all time high because the fundamentals haven't changed. But still, there's this nagging reality of, I don't like to buy anything at an all time high, even though if it's going to continue to go up, which is one of the reasons why I'm going into silver.
• 26:33
  Silver's all time high is closer to 50. Well, we're at 25. There's a lot of headroom left there, right? So minimize risk, maximize return. Would you be wrong by allocating into gold right now?
• 26:47
  No, because the fundamentals that drive growth are still there. But are you better off by allocating into silver? Yes, because we're not even close to an all time high. The manufacturing and industrial demand is still there. It's off the charts.
• 27:05
  And there's a lot of headspace left. And that's where, as wise, prudent investors, we want to maximize our return, minimize our risk, be in the right place at the right time. And that's what our firm helps everybody do. Mean, in a weird sense, that's why I'm telling people, don't get into gold right now even though I love it, even though I think it's going to go up, because I do think that silver will go up faster, if that makes sense, without adding any more risk to the profile.
• 27:35
  Seth Holehouse: Makes perfect sense. So for folks that are interested in contacting your firm, we've got a website set up goldwithSeth.com or (720) 605-3900. They'll get a complimentary call set with one of your advisers. And, yeah, it's a good point. You know, I remember at one point, I was buying like nine millimeter ammo, and it was expensive.
• 27:59
  But I was like, well, it's gonna keep going up, and I'd rather buy it at say, you know, 20, you know, 20¢ around than 40¢ around. Right? And, of course, it fluctuates, but it's it's really it's a commodity. And so, you know, for me, it's like, wanna buy that particular item? It's like, why no?
• 28:15
  Over the course of the next five years, it's gonna get harder and harder to get this, and more people will want it. So this is just looking at those trends. So Kirk, as usual, it's great to have you on the show. I appreciate you coming on. And we get great comments too.
• 28:31
  A lot of comments, people, if you look below the videos that we do, people say, I love these economic updates. I've learned so much. It's just, you know, you guys are both smiling all the time. It's just a nice breath of fresh air, so thank you for bringing that to us.
• 28:42
  Speaker 2: You bet. It's my pleasure.
• 28:44
  Seth Holehouse: Alright. Take care, and God bless.
• 28:46
  Speaker 2: Alright. God bless. Bye bye.
• 28:48
  Seth Holehouse: Folks, have a quick message for you. Look, the twenty twenty four election is do or die for the globalist and communists that had 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, as we head in to this next year and this next election cycle because unfortunately, I think it's gonna get rough. And one of the ways I know they're going to target us is through our food supply.
• 29:21
  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 population is 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.
• 29:53
  So if things go haywire, whether it's grid down or terrorist attack from what's coming across the border, that your family can safely stay in place and you can feed your family. So folks today, go to heavensharvest.com and make sure you get your storable food that'll last for up to twenty five years. Just in case things go south, you know that you have what's gonna take to feed your family, which is so so critical for us to get through this next stage of history. So go to heavensharvest.com today, order your food that'll last up to twenty five years and use promo code Seth to save 15% on your entire order. Again, that's heavensharvest.com and use promo code Seth, s e t h, to save 15% on your entire order.