Latest / Man in America Podcast / Gen. McInerney Issues GRAVE Warning About 2024 Election

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Gen. McInerney Issues GRAVE Warning About 2024 Election · Man in America Podcast

0:00
Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. My eyes are quite focused as I'm sure they're with you on twenty twenty four election. What's gonna happen this November? There is so much at stake.
0:16
I actually I think that there has never been a more important election in the history of our country. And my guest today is general Thomas McInerney, who I've had on before, and who, in my opinion, is a legend. This is a guy that is, you know, sacrificed greatly for this country, but that didn't stop with his service. He's now someone that's on the front lines of of trying to tell the truth, and he's been canceled all over the place and kicked out of Fox and everything. He doesn't care because he's fighting for the truth, and he sees the truth.
0:46
He he sees the reality of where this country is at, and he sees that if we can't fix things, if we can't somehow gain control of this system in 2024, that our nation will not exist. We will not survive another four years of what we're currently experiencing. And so today's conversation is just a candid conversation about what what did what does he see happening? How does he see us unfolding? How are they gonna cheat?
1:14
You know, what about the overwhelming support that president Trump has? Will they be able to counter that? So just a again, it's just a sober conversation about where we are heading into this most critical election and also just being very realistic about what's really at stake here. It's not just another election. It's not just another four years.
1:38
Our country is on the precipice of of many things, but you could say that we're on the precipice of two major things. One is a revival of what it means to be an American. It's a revival of the founding values of 1776 of the the documents and the the the legendary constitution and the bill of rights and everything that our founding fathers gave us, which I believe, you know, is God's hand in that. So we're on the on the precipice of that being our future, of this, you know, resurgence of what it means to go back to tradition and to to fight against the deep state and to win, or on the other side of that is communism. And if America falls to this, if America the country of The United States Of America, if we fall into a communist state, into a police state, into what we're seeing them try to do, the control of the alpha agencies, the control of the courts, control of the media.
2:33
If they're able to succeed, it's not just America that falls. It's it's the whole world because America is the last it's the last thing standing in the way for the for these globalists and these communists. And so it's the major country that stands in the way of a one world system, of a one world government. And even though we're seeing these amazing things happening in Argentina and El Salvador and Ecuador and what's happening over in Europe, if America if they get America out of the way and they can get the American people out of the way, I'm I'm concerned that even that this rising tide of populism and nationalism, I think, which is really positive around the world, they will very quickly be able to snuff that out if America is taken care of. So, folks, I hope you enjoy the discussion.
3:20
We do end the conversation on a note of hope, so it's not just all doom and gloom. It's really focused on what we can still do. So, again, please enjoy this discussion with general Thomas McInerty. General McInerty, it is such a pleasure, but also an honor to have you on the show. Thank you so much for making time for us today.
3:41
I really appreciate it.
3:42
Speaker 2: Well, thank you very much for having me, Seth. A lot of things going on right now.
3:46
Seth Holehouse: There certainly are. And I've got some things I I kinda wanna focus on, but I also wanna hear what your thoughts are. But one of the big things that's on my mind is, you know, we we just passed Super Tuesday. We now know, you know, Nikki Haley has dropped out. There's nothing that can stop Trump from being the Republican nominee, and a lot of the polling shows that he's got such a strong lead.
4:10
And I I just wanna see what is your take on that because we know what happened in 2020. We know the extent that the deep state will go to to really to know, they've assassinated leaders before. It's it's no problem for them. What do they have to do to maintain power? They will, and they're dangerous ly close, I think, to losing a lot of the power they've worked so hard to keep.
4:33
So what how do you think they're gonna act? How do how do you see things playing out in the election later this year?
4:40
Speaker 2: Well, I think they're gonna do like they did in 2020. They're gonna be reckless and have no abandon. The twenty twenty election was clearly stolen. General Paul Valle and I have just finished a book along with Mary Fanning and Ray Di Lorenzo called Invisible Treason in America. We followed that up by another book called Unrestricted Warfare.
5:11
And we lay out exactly the number of votes that were stolen in the twenty twenty election in the battleground states in Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, and Georgia. As a matter of fact, I will read them to you. Arizona had 284,412 votes switched from Trump to Biden. Nevada had 4,099 votes switched from Trump to Biden. Wisconsin had a 95,755 switched to Biden.
5:56
Michigan also had 195,755, which is interesting. Pennsylvania had 103,674, and Georgia had 14,954. Now these are the number of votes that gave them about a 2% lead in The States. You can't ask me how I came up with those numbers. Because I got it from the source.
6:30
And they used a top secret program called HAMR and Scorecard, which I believe I've talked on this program before, Seth. Yeah. And unfortunately, though, the Chinese Communist Party was the one that was using it, not our intelligence community, CIA, even though it was a SAP program. Somehow, the Chinese got our top secret special access program. Let me just say
7:04
Speaker 3: that Comey's legal adviser, when Dennis Montgomery became a whistleblower in 2015,
7:17
Speaker 2: it was a chap by the name of James Baker. He went to work for Twitter. Elon Musk fired But I believe that's and Dennis turned in the code, but he left fingerprints on it. So that's why we know that the Chinese were using our special access program. Now how it got there is going to be an interesting thing, but it was clearly a violation of the Espionage Act.
7:51
Now, the reason I'm giving you this background is because as you you initially brought it up, they will go to no limits to do this. I mean, it was absolutely apparent that the six battleground states were stolen. There was a great book written by Debunked by a chap by the name of Joseph Free. And he lays out the different ways that they cheated. He then wrote a book, How Elections Are Stolen 23 Different Ways.
8:26
And Joseph Fried was a CPA. He was not a call mill or an analyst like we are. And very, very interesting. And it's it's very obvious. The mail in ballots, for instance, in Pennsylvania, they had 220,000 more ballots than voters in the state left over.
8:55
So it wasn't subtle or very cleverly done. And about 25% of the mail in ballots were all bogus. Now, we did not look at those. There was no audit. If you were Joe Biden and you won 81,000,000 votes, the most in the history of any American president, you would be demanding, Seth, that all 50 states do audits to prove that the American people voted for you.
9:30
Instead, the Democrats have spent over $100,000,000 preventing any complete audits in the state. Arizona's come the closest. So we know, and then from what they've done obvious, the lawsuits that they brought against and the indictments against President Trump, never in the history has this happened in our nation. So as you intimated and said very clearly, they will go to any lengths to defeat Trump because they know if he gets back into office, he is going to disclose, like we disclose in his book, Invisible Treason in America, that Barack Hussein Obama and Joe Biden have committed treason because they stole an election. Barack Hussein Obama is the one that approved the hammer and scorecard being politicized and militarized from a top secret special access program going against terrorists, Al Qaeda, etc.
10:47
Into against his political enemies. And he started right after he came into office. Now, getting to your point
10:56
Seth Holehouse: Sure.
10:56
Speaker 3: Go
10:56
Speaker 2: ahead. What are they going to do? Well, they are going to cheat again because we have for the first time a direct comparison between President Trump and President Biden. It couldn't be clearer. Open borders.
11:15
Over 10,000,000 by the time the election, there'll be probably 12,000,000 people that have come in. Every day we hear now about murders and crime that they're committing. They're going to flood the scene with mail in ballots. He probably will not debate Trump, because he's a doofus. Embarrassed as a retired general officer to call the President of The United States a doofus, but he is a doofus.
11:46
Seth Holehouse: President Biden.
11:47
Speaker 2: Yeah, Biden. He can't get off the stage. He doesn't know which way to go off. He walks around, his fingers are locked up in the way he walks. And it's becoming more obvious.
12:00
This does not get better with time. So they are going to keep him in the basement like they did last time. And they are going to go big time with cheating. And there's a new program that they've come up with that is in every state, it is similar to Hammer and scorecard. And I believe they're going to try to do it in all 50 states, because there is a good possibility that Trump could duplicate what Ronald Reagan did when he won was it 49 states, I believe, he lost Massachusetts.
12:50
But a run like that, because there's a direct comparison. Normally, Seth, as you know, a president is saying what he's going to do and promise, but he doesn't do it. Trump did it, promised it and did it. Closed the border down, got the economy going, wages up, no wars anywhere, and all the dynamic things. Defeated ISIS, And all these things, he has proven.
13:22
So you're comparing him right next to Biden. And this country is in deep trouble. Now they are trying to take it and make it a Marxist country. Barack Hussein Obama is a Marxist. He always was, if you said it, you know, the mainstream media.
13:42
But I learned from his biographer, his biographer said in an article, he wondered why the media wasn't more curious about Barack Hussein Obama, who was the only president that stayed in Washington DC. And Woodrow Wilson did, but that's because he had a stroke and was immobilized. And Biden moved to Kalorama, One Point Two miles from 1600 Pennsylvania. He's got a skiff in his basement. And he's living next to the largest mosque in Washington, DC.
14:20
But once a week, you'll see all these black limousines pull up to his home, his residence. And that's members in the US government that are getting their orders. They're not getting them from Joe Biden. I mean, I think it's obvious that Biden is not creating all these things.
14:42
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14:55
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15:15
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15:50
Speaker 2: So they are going to and we've got to counter this. Now, frankly, every mail in ballot should have artificial intelligence examined in real time when the ballot is looked at, you take a picture of it, and we can do that. And we can do it before the election. That will get the majority of the votes. As you can see in the numbers I read, there wasn't a large number, but there was a very large number of mail in ballots.
16:27
And so but they didn't know how many were counted, etc. So that's why they use HAMR and scorecard. After the polls are closed, they use cyber warfare to see what the final vote is for coming to. And then they use their software. Hammer is like your iPhone, gets you into the network, and then all the different applications you have on your iPhone.
16:53
Hammer goes in and measures the score between the two and then shifts it so they win by 2%. Now, everybody says it's a close election, they don't contest it. The mainstream media to include Fox News and Newsmax were complicit into 2020. I'll just say that. And I worked for Fox News for sixteen and a half years.
17:19
But there are certain things I could tell. But that's because I didn't realize it. But Rupert Murdoch was called Red Rupert when he was in college in The United Kingdom. And I liked Rupert. Only met him once.
17:35
He came to see me when I was in the studio. But the fact is, is he is complicit with the World Economic Forum and the Chinese Communist Party. That's why the corruption between Biden and the CHICOMs and all the money that has been transported over to the Biden crime family is so important. But we don't need that now. The open borders is a violation of the constitution.
18:06
And he, in fact, can be impeached for that. There are lots of things. Spending money for college students, you know, which he has done, even though the Supreme Court has said, You can't do that, the Congress must approve that. But by his own admission at the Council of Foreign Affairs in New York, where he was bragging about how he said, You guys have got eight hours. If you want the $1,000,000,000 in The US loan, you've got eight hours to fire the special prosecutor.
18:46
So that's in his own words, let alone what Hunter was doing. So there's more than enough there to impeach him. But if you steal an election of government, that is treason. And that's why they do not want Trump back in. Look how blatant these indictments are.
19:09
New York suing him for almost a half a billion dollars he's got to put down. And it's just ridiculous. You look at what Fannie is doing down in Georgia, disgraceful, what Jack Smith is doing. So I think he's gonna get through all those indictments, at least on the appeals. But they will stop at nothing, as you pointed out in your introduction, Seth.
19:38
They will stop at nothing. It has never happened like this in our history. And they are going to do, even if we can do what I'm saying, the artificial intelligence. And by the way, auditing mail in ballots is a very easy thing to do, even without artificial intelligence. So many of them were not even folded.
20:04
Well, if it's a mail in ballot, it's got to be put in an envelope folded. And they were pulling them out in Georgia right out of the box, it hadn't even been folded. So it's easy to do an audit. And it's easy to do an audit on the cyber. Do you think
20:24
Seth Holehouse: that Trump getting in that you mentioned, you know, going after Bob Obama and Biden for treason. So do you think that Trump would go after them fully? And and and I mean, treason. This is this is treason of the highest order. I mean, is this is the kind of action that, you know, you in in the olden days, the kings would have someone hung up on the gallows and and hung and drawn and quartered for these kinds of things.
20:51
So do you think that that Trump will go after specifically Obama and Biden and have them arrested, have them tried.
21:00
Speaker 3: I don't
21:00
Speaker 2: think he will. Don't think he will unless the American people demand it. And as this stuff is unfolded, as they get in office, they are going to see all the corrupt things the Attorney General has done. All the corrupt things that were done in elections that they're trying to hide. It has gotten out of control, Seth.
21:27
It used to be just dead people voted and people that moved out of state and a few things like that. They lost the twenty twenty election. '20 '20 '2, the Republicans won five Senate seats. They won New Hampshire, Pennsylvania, Georgia, Arizona, and Nevada. But they did not contest them.
21:50
Why didn't Doctor. Oz contest in Pennsylvania, he had 330,000 votes move from his total over to that guy who was, you know, John Fetterman. I mean, the poor guy had a stroke. He hadn't recovered. He can't carry on a conversation.
22:13
He's getting better now. But that was an easy one. Well, these guys are taking the money they have left in their pot, and they're walking off. And the Republican Party under Rooney McDaniel has not done their job. They have got to drive this.
22:33
They have got to demand audits. There's more than enough evidence. So I don't know what Trump will do. He probably won't. But I would.
22:48
We've got to prevent it from ever happening again. And there's enough evidence. You see, there's so many people have been involved in it, that once you get one of them, get a songbird, he's gonna sing it. I mean, you got Clapper, you've got Brennan, you've got a whole host of Podesta, a whole host of them that are involved. And if they see they're gonna be tried for treason, they're gonna start singing.
23:18
Because it had to come from the president approval of moving the program. Now the CIA is still using HAMR and scorecard. I was never in briefed on it. I got this from public sources. But why are they still using it?
23:35
Well, the Chaikans used it in Brazil and stole five million one hundred and 80 eight thousand three hundred and 20 four, something like that, boats from Bolsonaro and moved them over to Lulu. So, and that's a violation of the Espionage Act transferring that program. I believe they sold it for 100,000,000 or something. So I
24:02
Seth Holehouse: have a question for you from a a a bigger picture. Because I remember, you know, seeing that the same election theft happened in Brazil with Bolsonaro and how similar he was to Trump, you know, much more of a conservative populist. The people wanted him. But if you look at, like, Mille and Argentina, you look at the president of El Salvador, the president of Ecuador, you look at what's happening with Trump and their inability to stop Trump, does this show you do you have any any indication or what are your thoughts on whether the at a global level, do you think that the deep state is actually losing control? Because these are elections they would have been controlling.
24:38
You would have never had these candidates getting in, you know, five, ten years ago. But do you think that there that this apparatus of that we refer to as the deep state, the cabal, whatever you wanna call them, do you think that they're losing control of countries and losing control of their grip that they have on this world? I mean, do you think that they're potentially at the end of their reign of of control over this world?
25:05
Speaker 2: No. I think that they didn't do it in Miele One because they did not want to use hammer and scorecard. And it becoming too obvious. You know, I've been talking about this. And now when you consider what it takes to do this, we can put counters in for this right away.
25:28
Like I say, I was just looking at some technology today that they're using in Ukraine. But artificial intelligence, it is very easy for artificial intelligence, Seth, to look at every mail in ballot. They have all the facts. And a lot of these people, these names are just made up. You know, they just go Joe Blow or something and the address, they know exactly where these addresses are.
26:00
And so they'll have that in the artificial intelligence, they'll immediately reject it. So this we've got to do. The Republican National Committee, I believe, has got to do this. Now you are going to see the Democrats howl like they howl when you talk about having a signature or having an ID card. You know, how they go, Oh, that's racist and all this.
26:30
They are feeding off the trough. By the way, this last election in New York that the Democrats won, I believe they used it there as well. So we have no choice. If we lose this 'twenty four election, we have lost this nation. And I hear none of the Republican pundits and people who I have great respect for talk about the danger of a corrupt election.
27:00
And why? Because the mainstream media calls them election deniers. I'm an election denier, Seth. I'm proud of it. But I have facts on my side.
27:14
And we ought to look at it. How could, you know, it was supposed to be a red wave in 2022. But we lost it. Why? Well, because they're using cyber warfare.
27:28
The founding fathers did not understand cyber warfare. They were brilliant, but they didn't have this vision. We go back to Bush v. Gore and how the Democrats played in Florida with a hanging chats. The Democrats are historically known for cheating in elections.
27:53
Go back to JFK and Nixon in Illinois. And then Nixon waved it off and conceded to John F. Kennedy. So I think that what is happening is we're gonna have to put in the corrective action And in real time, like on the 01/05/2020, I got a call at 11:00 at night. And my source said, they are in the servers in such and such a precinct.
28:35
They don't go into all the precincts. They're very clever. They go in the largest precinct in the state with the largest minority. So you've got Maricopa County, you've got Detroit County, you've got Philadelphia. These are the places that they go.
28:53
You've Clark County and Las Vegas. These are the places that they go. And then people say, Well, you know, the minorities are voting 99 or 100% for them. That's not true. And so we know these patterns of behavior and we can stop it, and we must.
29:15
And I'm embarrassed about the Republican Party. That's why I won't join the Republican Party because they aren't doing their job. With this new team with Laura Trump coming in there, you can put in a team. It's the six battleground states that determine what's going to happen in America. Because you're not gonna unless you have a miracle, and there could be under Trump, New York, California, these places, all the American people are hit with the inflation, with the prices of food, with the look at New York City, look at LA, look at San Francisco, you know, you've got the homeless, you've got all these illegal immigrants that are coming in, have overloaded the schools, overloaded the medical, it's impacting everybody.
30:05
So I believe that Trump has a chance to win big. And that would give him a problem. But even without that, we've got to put the tools in. And I'm working it right now with a number of people. Know, fool me once shame on me, fool me twice shame on me.
30:28
We've been fooled twice. So we must prevent it. And it's easy to do. Do you think that as we
30:39
Seth Holehouse: mentioned them being, you know, really drastic and really backed into a corner, Do you think that they could potentially kick off some sort of civil war or even, you know, we've gotten so many reports coming back about, you know, Chinese soldiers coming across our southern border, terrorists, etcetera. I'm also worried that whether they, you know, somehow create civil war, which I'm I'm not sure if they would be able to or not. But even without that, that they would just activate some of these terror cells, you know, work together with the CCP, and all of a sudden, you know, who knows? Maybe a month before the election, there's coordinated bombings across the nation, and that allows them to change our rules even more. I mean, are you concerned that they'll take some pretty drastic measures like that?
31:24
Speaker 2: Yes. Absolutely. You see, these nuclear weapons that are in containers that have been shipped into The US, that the FBI has not located. That's because they're chasing January 6 people. There are enough Chinese that have come in and other nations that could take these nuclear weapons that I believe are in The US, circle K containers, and that could be aimed at our missile fields and our bomber bases.
32:08
They could take out our nuclear deterrent, and then we would be highly vulnerable. So I'm worried about something like that. You're gonna be tried for treason, you're gonna do anything. And so I am worried about that. We saw what they did in 2020 in Seattle, Oregon.
32:39
We see what they've done in those communities. And yesterday, the New York governor called out the National Guard for the subways to help police the subways. So we are seeing things that we have never seen before. And I'm worried about your right to bring them up.
33:04
Seth Holehouse: Yeah. My concern is that any of these things gives them the excuse to create a police state to create or bring in marshal you know, bring in new laws, emergency laws surrounding the second amendment. I mean, this to me is what concerns me is because, as you mentioned, yeah, if if Trump gets in, which there's an overwhelming force that's working to get him in place of we the people, he the the support that he has is just it's And but they know, as you mentioned, that if he gets in, that he'll be coming after them. And it's not his first term where he has to act careful and maybe walk a little bit lighter on the eggshells because he has to still get in the second term. And the second term is it's his it's his four year window to inflict as much damage as possible on this deep state.
33:57
And I I'm I'm just really concerned of what they will do and the extent that they'll go through to stop that from happening.
34:06
Speaker 2: That is a very valid concern. And we must be aware of it. And I don't think we've got the military leadership right now that is aware of it. I'm worried about that. When they see that they're going to lose this election big time, and we'll see tonight, I do not think that Biden is gonna do very well on his State of the Union.
34:39
He is deteriorating fast. And lo and behold, Camilla Harris, she's a Marxist. Her parents were Marxists, taught it at Stanford. You look at John Brennan, He voted for a communist right out of college when he was in college. So we've got a problem in The United States.
35:10
Well, that's that's about what I'm worth for you today.
35:15
Seth Holehouse: No. I I appreciate that. I know that you're recovering from an illness, and I I appreciate the fact that you're still right here on the front lines of this fight until there's just nothing that seems that can stop you. And and I thank you for what you're doing and for being a voice. And and I I I guess I have I have one final question to ask you as we summarize is that amidst all of this, do you have hope for this country?
35:40
Speaker 2: Yes, I do. The power of prayer, good Lord, we've got to do it ourselves. But that's why what you are doing is so important, Seth. And telling the American people, allowing people like me, You don't have to agree with me, but you got to look at the facts that I put out. And I happen to be privy to facts on Ameren scorecard and that cyber was used.
36:13
I think everybody understands there's no way that Joe Biden could have gotten the most votes of any president in history. I mean, it's obvious after three years, is a disaster. So now the common sense of the American people is they're starting to realize it. Not enough do. And that's why I commend you and God bless you for having the courage to have people like me to at least put the subject on the table and tell you what the facts are.
36:48
Well,
36:49
Seth Holehouse: thank you. I thank you for your words. It means a lot. And I think it's important because you mentioned Fox News, Newsmax, you're not gonna get the real information. I think they're they're just as complicit as CNN.
37:00
They're just controlling the other side of things. So thank you again for for coming here, and I'm sure we'll we'll, you know, we have you on many times before as we lead up to the election. And hopefully post election, we'll be talking about how we overcame all odds and, you know, Trump is is getting back in and it's it's a big win. That's my hope. And I think that we can make that happen.
37:21
So thank you again for for coming on the show.
37:23
Speaker 2: Keep doing what you're doing, Seth. Thank you very much. God bless you.
37:28
Seth Holehouse: Alright, folks. I hope you enjoyed that interview. I've now got a very important but very short about twenty minute interview with my good friend, Doctor. Kirk Elliott. Some significant things are happening in the banking industry that we need to be looking at.
37:39
So folks, please enjoy this next twenty minute interview. Kirk, as usual, it's great to have you on. How's it going?
37:47
Speaker 3: I'm doing really well. How are you doing?
37:50
Seth Holehouse: A lot of beautiful things in life. I mean, it really
37:53
Speaker 3: There really is. And you've got so much fun happening in this new chapter for you. I mean, just so awesome. But at least you're looking like you are getting a little bit of sleep. Am I right?
38:03
Seth Holehouse: Yeah, I am. We're we're figuring it out. We're figuring out the nursing schedule and everything. So it's it's going great. So you and I did a show that we just published last week and then into this week about the March 11, and really about this a lot of speculation that there's a lot of turmoil that's gonna be hitting for the banks.
38:26
We talked about how all these different billionaire groups, whether it's the Waltons of Walmart or Zuckerberg or Bezos, Buffet, they're pulling billions out of the stock market. Banking news is looking bad, but as we were just talking about before we started recording, we're already seeing so this whole idea that there's gonna be potentially another round of bank collapses and bank runs, it's already here. I'll I'll pull up this one article, which I think is funny to start with. So New York Community Bank has already started to have bank runs, and it's already starting to have some major issues. It's it's a pretty big bank.
39:02
So here, I I again, I pull up CNN intentionally. CNN's headline, customers are pulling their cash from New York Community Bank, but it's no bank run. Like, how funny is that? Be good on the first paragraph here. It says customers of New York Community Bank have pulled $6,000,000,000 worth of deposits between February 5 and February and March 5, you know, which is 7%.
39:28
So they've pulled $6,000,000,000 out of this bank, but it's not a bank run. Right? It it it's a mostly peaceful riot that's burning down the city. So we've got that, which I'll let you talk about that, but I also just wanna pull this other article up about how US bank profits have dropped 44% in q four as big firms cover failed bank costs. So there's a lot more to go on about this, but I just wanna hand it back over to you.
39:55
And what do you think about these two different articles juxtaposed compared to our recent discussions?
40:00
Speaker 3: Yeah. So the recent discussions, I mean, to me, this is not rocket science, but I believe that a banking crisis is truly a promise. This is why we warned about it last week and the week before. It's like this is going to be Silicon Valley Bank times 10. This is going to be like bank runs on steroids.
40:21
The fact that that first article that you mentioned said $6,000,000,000 exodus out of deposits in a month, but it's not a bank run. What? I mean, if it looks like a duck, quacks like a duck, walks like a duck, it's a duck, right? So this is a bank run. And here's the problem.
40:43
So you add that to the March 11 story that we discussed last week, where now emergency funding sunsets on March 11. So when you go back to Silicon Valley Bank A Year ago, right, that's when this happened, was a year ago. To the day, literally, Silicon Valley Bank went down on March eleventh of twenty twenty three. Funding for the banks sunsets on March eleventh of twenty twenty four. These people in charge, they're very symbolic with their numbers, and I think that this thing is really weird.
41:19
Now, I'm not saying that every bank in the world is going to go under on March 11, but when you have banks like New York Community Bank that are going to need emergency funding, this is how they stopped bank runs after Silicon Valley, is with bank temp funding program, the BTFP that we talked about last week. So people were applauding the Fed. It's like, look, whatever you guys did, this was amazing. You stop bank runs because we had Signature Bank and Silicon Valley and Silvergate and Credit Suisse and First Republic and then nothing. It's like whatever they did was amazing.
41:58
Right? No, wasn't amazing. But what they did do worked. It was emergency stimulus money that was being injected to cancerous toxic banks so it would stop a bank run. Now that that's gone, really now that that's gone and you've got New York Community Bank, which why are they in trouble?
42:18
Right? We have to start asking why. So they're in trouble because they have way too much commercial real estate exposure. Okay, commercial real estate's hitting the skids. And B, they bought Signature Bank.
42:32
They were the bank that basically consolidated Signature Bank when Signature Bank went under. So for them to think that they could buy a multibillion dollar bank when they're a multibillion dollar bank, it's not like they're that difference in size. So when you purchase toxic assets, to think that your balance sheet isn't going to become toxic, you're stupid. Right? I mean, it doesn't make sense.
42:57
Now, if you're JPMorgan Chase and you bought out a $6,000,000,000 toxic bank, JPMorgan is so big, it dilutes it so much that it wouldn't really make a difference. Right? But if they bought 20 or 30 or 40 of those banks, well, now it would make a difference even with JPMorgan Chase. Right. So so this is the problem with New York Community Bank.
43:20
So when the story broke that the emergency funding was going to end on March 11, they came out with this at the January. Prices share prices tanked down 70% in January alone. Now, what happened last Friday? You know, the news came out that, well, actually $6,000,000,000 left in the last thirty days. Well, their share price went down another 24% in one day on Friday alone.
43:51
So this bank is in trouble. But to me, it's the it's the symbolic first sacrifice. Right. I think that what's coming is going to be all kinds of bank failures coming. There was a research article I was reading about the banking sector overall, and then I stumbled across an article from a real estate magnet, big, huge real estate company.
44:18
He's expecting and when you're in the real estate business, you're getting lending all the time, especially when you're a national builder. When you're a national real estate investment trust kind of company, you're always getting lending for commercial real estate, for things of that nature. He's expecting 500 banks to fail or get consolidated in the next twelve months. And so it's like, well, good grief. What is going to happen here?
44:45
So all it takes is one It doesn't take 500. It takes one bank to go under that's pretty big. And human nature is going to do what? It's going to tell you and me or whoever is seeing the story, it's like, I wonder if my bank is Okay. Right?
45:03
Because if a big bank like New York Community Bank is hitting the skids, what about my bank? What about my credit union? And people are going to go in and probably not take all of their money out. That's unreasonable to think that. But even if they take some, and there's a lot of people at every bank taking some out, they are so undercapitalized that you will start to see runs on banks all over the country.
45:30
But they're gonna spin it. New York Community Bank wasn't a bank run. Or was it? No. It was.
45:37
$6,000,000,000 in a month. It it was.
45:39
Seth Holehouse: What's it's crazy how, like, that's the headline. And you go read that first paragraph. It's like, it wasn't a bank run, but $6,000,000,000 ran out the door. Right? Like, that's that's Yeah.
45:51
10% of a bank's assets, That's a bank run. Like, that's that's pretty simple.
45:56
Speaker 3: That's a bank run because so you you look back at what Basel III is now going to be requiring 0% reserve requirement. So most of these banks right now are 0%. Now, about a month or so ago, when it was coming out that they're going to start increasing the reserve requirement for banks and Citibank and Bank of America pitched a royal fit because they had to go to 3%. It's like 3% and they're pitching a fit. Basel III, the international accord is requiring 20.
46:32
So if they were pitching a fit at three, what's going to happen when it goes to 20? It means all these banks are going to have to come up with money out of thin air that they don't have because right now they have a 0% reserve requirement. Meaning if you deposit $100 into your checking account, they can lend out $100 They don't have to keep anything on hand. Of course, there's going to be bank runs if they're undercapitalized that much. But so Basel III, in their weird globalist wisdom, is saying, hey, if we raise the reserve requirement enough, there's going to be enough capital there to start staving off bank funds.
47:08
Right? So in theory, that makes sense. But in reality, where are these banks going to come up with that money? It's not there. It doesn't grow on trees.
47:17
They don't have it. So therefore, they're going to be out of compliance. They're going to have to go out of business or they get bought out. That's what that real estate guy was talking about. There's going to be 500 banks that either get consolidated or fail because of these weird combination of events, increase in the reserve requirement, delinquencies that are increasing like crazy.
47:41
I mean, look at the chart that you have on the screen. So that tells us something peculiar about the banking system. Large banks, like your JP Morgan's, your Citi's, things of that nature, their delinquency rate's now 3%. It's like, well, what does that number mean, Kirk? It's like, okay, it's a big number.
48:00
We haven't seen a 3% delinquency rate in large banks in over eleven years. So really since 02/2009 and that crisis. But the delinquency rate of small banks, banks with probably a billion dollars or less in deposits, I would consider that a small bank, 7.8%. That's the highest of all time in the history of banking in America, even during the Great Depression. So what's a delinquency?
48:27
A delinquency is simply a late payment, Right? So you're delinquent on your loan. You're late on your payments. And at some point, the bank cuts you off, cancels your loan, calls it, or you file for bankruptcy. Right?
48:40
Because you can't pay the dumb thing off. So a series of delinquencies end up in default. So when we've got these delinquencies that are rising at the highest point in the history of our country, I think there's bank runs that are going to happen. I think there's going to be bank failures. And all of your audience that's listening to this, we've talked about this numerous times, but this is the big trigger, the spark that I think is going to cause massive financial mayhem in The U.
49:12
S. Economy and ultimately global. Right? Because a lot of this is happening because of Evergrande. Evergrande defaulting, filing for bankruptcy, having their debt holders get only 1p on the dollar, 1 percent, and everything else vaporizes.
49:31
But it's worse than that because the Hong Kong bankruptcy court said all Chinese citizens are going to get paid off first, international debt holders.
49:39
Speaker 2: Of course.
49:39
Speaker 3: Well, maybe not. Right? So they're taking care of their own. So what I would expect them to do, I would expect President Xi to take care of his own. I would expect Putin because they're nationalists.
49:54
We might be the only country on the planet that doesn't have a nationalist as a president, which is all that a nationalist means is I am going to serve my country and I'm going to do what's best for my country. If you're not that, you're a globalist, which means I'm going to do what's better for the world. And who cares about our country? Right? So of course, they're going to take care of their own.
50:18
But that means over $350,000,000,000 of bad loans are going to have to be eaten by North American banks when they're already capital strapped. See, these dominoes, when you start connecting the dots, these dominoes are going to start falling. And I do think that this is going to be the spring and the summer of massive bank failures because it's not like I'm trying to be a prophet of gloom and doom. It's just math. They don't have enough money and they cut off the emergency funding.
50:51
There's no money left to bail them out. So this is the problem.
50:55
Seth Holehouse: It is. And I'll throw a quick caveat because it's it's it's easy, I think, for someone to look at a show like this and say, well, you know, you're just what you just wanna sell silver and gold. So, of course, this is the news. But it's like, it has nothing to do with that. Right?
51:09
This is Nothing. This is actually what's happening. Like, it it's the same as me saying, hey. You should probably buy some storable food and stick it away in your basement because there's about a thousand indicators that the government's trying to create food shortages. It's pretty simple.
51:26
Like, this is it's really cause and effect, and that's exactly what's going on here is that this is just the reality. And, you know, you're not gonna find this on MSNBC or, you know, through Jim Kramer because, well, they're they're had leverage heavy in the stock market, and they're not talking about these things. So these are the real issues. But something else I wanna pull up here, which is interesting, is this that, you know, while we're talking right now, gold let's see if had the window open for that. I mean, I closed it.
51:52
Gold prices are at a record highs. I think we're approaching $2,200 an ounce. Silver is approaching $25 an ounce. And there's an interesting article that that I came across, which was how gold's new high signals central bank, you know, banks fear inflation. So here's just a little note here where they say that gold's new high signals that global central banks are likely accumulating in the precious metal in an effort to diversify away from the dollar as persistently large fiscal deficits threaten to further erode its value and lead to more inflation.
52:31
And so but if you scroll down, they've got a bunch of really good charts here. There's one chart I wanted to show you in particular, which is this one right here, which is showing that central banks are buying gold while investors are selling gold. So you can see that the as the the gold ETFs, like the the way how investors are investing in gold, those are dropping, yet you're seeing the the increase in the central bank gold holdings. And so to me, when you pull us together, I like the perspective they took with this article is that basically that the the central banks, they see the writing on the wall. So they're moving assets out of stock market, out of other places into precious metals, and then we have this other article, which we just got so much to go through here quickly, talking about how Gold Rush, Mark Zuckerberg among millionaires doomsday prepping by hoarding gold as election and sell outages spark end of times fear.
53:26
So it's not just the central banks. It's not just it's like what we're seeing is this massive movement from whether it's the central banks, the billionaires pulling money out of stock markets, people like Zuckerberg moving their assets into gold, the the banks buying gold. We're seeing the these are the indicators. It's like the guy that's sitting on the dock that knows how to read the waves and read the tide. He knows when a tsunami is coming.
53:53
So when he sees that little bit of water going out, he says, okay. I'm getting my family out of here. No one else is paying attention. Everyone else is swimming on the beach or playing with their iPhone. They're, you know, taking pictures and selfies.
54:04
They're the ones that are gonna get killed by the tsunami, but the people that see it, they see what and so, like, if you're smart, you're watching the guy that's always sitting there watching the water, and you're following what he does. And and in this in this ocean of, you know, global economics, it's the billionaires, it's the elites, it's the central banks. They're all telling us what's coming, whether we wanna listen to it or not. I I thought just what a crazy narrative to piece together.
54:32
Speaker 3: It is so crazy. And and so, you know, Mark Zuckerberg, I don't I don't like his politics. I don't like what he does. I don't like how he sold our information on Facebook. Right?
54:40
I don't
54:40
Seth Holehouse: like Light way of
54:41
Speaker 2: putting it.
54:42
Speaker 3: Yeah. But but he sold half a billion dollars worth of of Meta, his own shares. And what's he doing with it? Well, a, he he built the Taj Mahal of bunkers at his house. Right?
54:55
He he's buying mountains of gold, you know, so so he's actually telling us and telegraphing whatever these people do when they get together, meet at World Economic Forum, Builder Burger meetings, whatever. Right there. The globalists are getting together, talking about how they want to control the world and how they're going to shape the world's future. Right. And they're all getting out of Dodge at the same time.
55:19
Literally, the Waltons, four and a half billion worth of Walmart shares that they're selling. Zuckerberg, half a billion. You look at Jamie Dimon at JPMorgan Chase, one hundred and fifty million. You look at Jeff Bezos, ten point five billion. So they're all getting out of shares.
55:36
Bill Gates, like we talked about last week, selling almost everything for philanthropic causes. Okay. That's a nice thing, but I don't believe it for a second. But what didn't he sell? His land.
55:48
Still largest landholder in North America as a person. He didn't sell any of that. Why? Because they know that there is food shortages coming, that there is going to be a food crisis. They know that there's going to be a banking crisis, which is the market crisis, which is why they're selling their stuff while they're hoarding gold, while central banks around the world are buying gold.
56:10
I mean, what is so look cryptocurrency like Bitcoin. Okay, so I read this article yesterday that Bitcoin is like an all time high. It's cruising up there. It was up at 69,000, and now it corrected some. But there's a whale investor that nobody knows who it is.
56:32
Nobody knows who it is. But they now own $3,100,000,000 worth of Bitcoin. They're buying it in chunks of 100,000,000. And the research is showing that even though they don't know who it is, they can follow IP addresses. It's not America.
56:46
They don't think it's a it's a person. It's probably a central bank. Okay. So that's that's the theory that it's a central bank. I don't care what the central banks are buying.
56:56
Central banks around Asia are are buying gold. They're obviously, it looks like they're buying cryptocurrency now. Looks like they maybe they have real estate. I don't care what they buy. The bigger story is what are they not buying?
57:09
They're not buying their own treasuries, which is interesting. They're buying all these other alternative investments, gold and everything else. But the only central bank that I can see that's buying treasuries is the Fed because they have to. Nobody else wants the US dollar. The BRICS nations where everybody's wanting their currency because they're trading in their own currency with each other and it's 70% of the world's population, it appears they're buying other stuff like gold and crypto.
57:38
But we are the buyer of last resort, the Fed is, for U. S. Treasuries because it's the only thing keeping our economy afloat. So to me, when you look at the rest of the world, the bigger story is not is it what are they buying? What are they not buying?
57:54
And see, I think that's all pointing towards and signaling towards market collapse, kind of a system change coming, change in money, change in currency, way a change in the way banking is done globally. And that's what we're trying to protect ourselves from, which is why we shout it from the rooftops about silver, about gold. It's not that I want to use some kind of a fearful story to actually sell silver gold. I don't care. As crazy as that sounds, it's a mission for me.
58:28
I want to help and protect people. I happen to be in this business. That's great. But but I would do it even if I if you're just a news commentator, it's like you have to get out of harm's way. You have to allocate into something to protect and preserve and to thrive.
58:44
This is why the billionaires are doing what they're doing. We should do something similar as well. Whether you get your gold or silver from me or whether you get it from somebody else, you should get some and start allocating into it because I think it's what's going to save your bacon.
59:00
Seth Holehouse: And and that's an important point just to to finish up on is that this system is so full of risk and so full of cracks. It's it's gonna fall. And I think the the key is that don't be so say it's a boat. Like, this boat is so full of cracks that it's gonna be it's gonna sink. Probably within the couple of months, we're gonna see, like, the real signs of this.
59:22
And we're already seeing them now. And so idea is is that, well, if if the Titanic is there, which the deep state sunk the Titanic, so it makes sense that they're sinking all this stuff too. Right? If you see that, and there's this other boat that's not gonna be sinking, it's like, get your family over onto that. And again, whether it's through you, whether it's through that your local guy that you know and trust, whatever it is, it's not just gold and silver.
59:44
It's seeds and food and ammo, etcetera. Like, now is the time. The window's closing, and and so I I implore people, if you've been considering, you've been thinking about doing something with this, doing something with your assets, you've got money sitting in a four zero one k, etcetera. Again, doesn't have to be with Kirk. Whatever you're comfortable with, like, don't just sit there.
1:00:04
Don't just sit there idly and think maybe it'll be okay. I I watched my dad lose his entire four zero one k during the .com crash because he was working with AT and T, Lucent Technologies, had his entire portfolio in, I think, Lucentstock,.comcrash, and he lost almost everything. And every day, he kept saying, well, it's gonna get it's gonna get better. It's gonna get better, and it didn't until he lost everything. So let's not be that.
1:00:30
So Kirk, let me pull up our website goldwithseth.com. If you want to work with Kirk, that's who I trust. Obviously, you're you're a big part of what I do, and I appreciate you greatly. But you've got my trust. You've got my vote of confidence.
1:00:44
If you wanna work with Kirk, gold with seth dot com. Phone number, (720) 605-3900. Get an appointment set up. If you've got someone else you work with, great. That that's good.
1:00:57
You know, it's more power to every everybody that can take control of these things. So, Kirk, it's always a pleasure. Thank you so much for coming on the show. Have a wonderful rest of your week. I'm sure we have a lot of big updates coming in in the coming weeks as well.
1:01:09
Speaker 3: I think there's some big ones coming. It's gonna be a wild year, but look forward to talking next week.
1:01:14
Seth Holehouse: Alright. Take care. God bless, Kirk.