Latest / Man in America Podcast / ALERT: Putin's Plan BACKFIRES as WW3 Economic War Intensifies w/ Dr. Kirk Elliott

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ALERT: Putin's Plan BACKFIRES as WW3 Economic War Intensifies 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. So the war that we're currently participating in is a war across multiple multiple vectors. It's a war in our food supply. It's a war in our currency, but a big part of it is actually lawfare.
• 0:16
  It's a legal war. And so someone that's been on the front lines of the battle of lawfare is attorney Tom Rinz, who's a good friend of mine. And so he'll be joining us today, just take a bigger picture look. And he's a fascinating person to talk to because he's a deep thinker, and you can see that with him. And so we're going to look at the bigger picture of what happens with the election, what comes next.
• 0:35
  Will there be a civil war push? Will that backfire against the deep state? It's just gonna be a very deep and soul stirring discussion that I think will be really helpful to have as we're going into this period of absolute crazy. So folks, please enjoy the interview with attorney Tom Rens. Ladies and gentlemen, welcome to Man in America.
• 0:55
  I'm your host, Seth Holehouse. So as you know, I've been covering the whole de dollarization for quite some time now. And I've it's a topic that I find to be extremely important because if you go to say Martin Armstrong, who's looking at war and the cycles of wars and the cycles of economic collapses, everything starts with the money cycles. Right? If you follow what's happening with the financial, it shows you what's coming next.
• 1:23
  And so right now, there's a lot of discussion about World War three. Is it gonna go nuclear? Is it you know, are China and Russia gonna invade America? What's gonna happen with NATO? I mean, there's a lot going on.
• 1:33
  But if you look at the underpinning what's going on beneath it, it's financial warfare. It's the sanctions that Biden placed on Russia that then caused Russia to then react, run to China. It is the bigger picture of what's happening, and there's just been recently another round of massive sanctions on Russia, and Putin has now retaliated, and he's now pulled the dollar out from being used as a, you know, viable, you know, currency to trade in the Russian stock market, and there's been bank runs in Russia. There's Russian webs bank websites that are not working. At the same time, we're seeing, as we talked about the in the last week or so, what's happened with the petrodollar status in Saudi Arabia joining BRICS.
• 2:14
  So there's obviously, there's these rumors of war, which could be right around the corner. Okay? I wanna be really sober about that. But if you look at what's happening in the financial sphere, you see that there's war already here. And so that's what we're gonna be focusing on today with my good friend, doctor Kirk Elliott, is looking at what's happening with this global geopolitical financial warfare that's happening right now, because it's intensifying.
• 2:40
  And right now, it seems like it's maybe just between these banks and these countries, and most of us are relatively unaffected, but that's the case until it's not, right? And when this war it's just like a war. Say there's a war far off, and there's some ships battling out in the Atlantic and everything, and okay, it seems pretty far away until something happens in your backyard. And that's my concern with this, is that with the financial warfare that's happening, it's going to be hitting us. And so my job as a journalist is trying to understand what that looks like, what is the timing of that hit, how does it change our way of life, and everything surrounding that.
• 3:11
  So folks, please enjoy this interview with Doctor. Kirk Elliott. Kirk, what a time to be alive, especially when the topic of the day is global finance de dollarization, you know, how the the massive financials, you know, infrastructure is is playing into geopolitics. I mean, these are some big topics and you and I have been on this journey together in understanding and and walking everyone through this, and there's just some insane stuff going on. So thanks for being here.
• 3:40
  It's good to have you back.
• 3:42
  Speaker 2: It is so great to be back. And, you you and I were talking about what kind of happened over the weekend. And what happened the end of last week, I think, is monumental in a bad way for the dollar because so there was the Treasury Department slapped another 300 sanctions on Russia. Look at that, you think, Oh my word, another 300. So this is how all of this actually started, was back when Russia to kind of a little step back in history, when Russia attacked Ukraine, when that conflict started, Biden did the nuclear economic sanctions, right?
• 4:28
  And he said, no more SWIFT program for Russia, which means no more international bank wires, no more domestic wires, no money going into Russia, no money leaving Russia. Biden wanted to starve out the population. So Putin got ticked and he went to China and China said, sure, we've got we've got a clearing program called CEPS, and so you don't have to worry about the SWIFT. We're big. We're like half of the world's population, so don't worry about it.
• 4:54
  Right? So that one thing, I'm not saying that Brix wasn't around before then, because they were, they've been around for a while. But that one event really caused this really close attach to the hip marriage between Russia and China. So the problems we're seeing today, I think, stem almost directly to Biden's nuclear economic option one, kick Russia out. But Putin's smarter than that, and he just figures out a way out.
• 5:25
  Right? He wormed his way out of it. So now you fast forward to today. Well, that gave rise to the BRICS nations. And then August of last year, Putin said, Hey, we're going to de dollarize the world.
• 5:38
  And how did they do that? They added all the oil producers of the world into there. So get rid of the US dollar, get rid of the petrodollar status. Now, fast forward to the twelfth. This is so interesting to me because the Treasury Department and I'm going to I know you have that up there on the screen, but there's the title of it talks about how Russia is now in a war economy.
• 6:09
  And it's pretty so war economy takes sweeping aim at foundational financial infrastructure to access third country support. Then you go down to the second paragraph, and it starts to say exactly what this is all about. So it talks about how they're going to put sanctions on where it says today's actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries. So we'll stop there. So what are we sanctioning?
• 6:41
  We're sanctioning their ability and actually penalizing the companies and financial institutions that support Russia. Right? So it's not just against Russia, it's any companies that do business with them, basically. So they want to limit access to foreign technology, equipment, software, IT services. Every day, Russia continues to mortgage its future to sustain its unjust war of choice against Ukraine.
• 7:07
  So there we have it. That's the reason why they don't like it that they're fighting Ukraine. So here, if I were the president of Russia, if I were Putin, Seth, if you were Putin, and you had some other country say, We're going to slap 300 sanctions on you, we're not going to let you have any IT services, software, anything from other countries, you would be ticked, right? So that's exactly what Putin's response was and actually exactly what Putin's response should have been. If you're the president of a country and somebody does that to you, you're going to get upset.
• 7:42
  So what did he do? This is where it starts to get interesting and where Putin is such a loose cannon that he's kind of willing to hurt his own people to achieve an end goal. So what he did is he basically said, No more trading of the US dollar on exchanges in Russia. No currency exchanges, no financial exchanges, stock markets, whatever, right? So the Russian population got squirrelly.
• 8:15
  And they said, what? This is going to destroy the ruble if we don't have the dollar because they're still trading dollars over there. And so the stock market got hit hard. As is that so as Reuters there says The U. S.
• 8:29
  Sanctions halts a dollar euro trade on the main course of their main exchanges. So then what happens? The stock market in Russia went down 15% in one day, Fifteen percent in one day. Then you've got people that are starting to go to the banks. There's videos of people lined up for blocks trying to get their money out of the banks, and the banks had to close their doors.
• 8:55
  They ran out of money. They're undercapitalized. And I think you were doing some research. Is Ross Bank in Russia the tenth or eleventh largest bank in Russia? It's big, but they can't be found anymore.
• 9:11
  I mean, we went
• 9:11
  Seth Holehouse: to the website We're looking at was that so there's another post on here right here. So this was from Friday saying breaking Ross Bank's website is down. And so Ross Bank, I think, was ranked, I think it's the tenth or eleventh largest bank in Russia, but it's ranked as the third most secure bank in Russia. And so but here, this is on Friday, saying breaking Ross Bank's website is down. Customers can't log in.
• 9:38
  But it also says multiple Russian banks are preventing clients from logging in because they don't have liquidity to give clients their money due to new US sanctions. Is this the start of a Russian bank run? And so here, this is showing a basically, what what this graphic is showing is it's showing the request, you know, the call for the website, Rossbank.ru. And doesn't matter where where you're trying to access it from, all these different countries, the connection was timed out. So what you and I did today before we started recording was, okay, testing.
• 10:11
  Let's go to Rossbank.ru, and lo and behold, the site can't be reached. So, like, imagine okay. So 10 let's say a a tenth largest bank in Russia, roughly. Let's say in America, what what would you say is a as a pretty common bank that might be roughly the same size in terms of its its popularity in America?
• 10:33
  Speaker 2: Possibly, like, US Bank or maybe even HSBC is up there in the top 10.
• 10:39
  Seth Holehouse: So imagine That's
• 10:41
  Speaker 2: big bank.
• 10:42
  Seth Holehouse: How you would feel, say, know, you've been, you know, using US Bank as an example, or some regional bank, you know, which is there's some big regional banks that, you know, still have, you know, massive assets, but imagine then going to your bank, and it's like, Oh, the website doesn't work. And then you wait three days later, and Oh, the website doesn't work. I mean, people have to be freaking out over this, and this is this is significant, actually. This is really significant. And if if you couple this so going back and looking at this announcement on the treasury, where it says the treasury is targeting architecture of Russia's financial system, which has been reoriented to facilitate investment into its defense industry and acquisition of goods needed to further its aggression against Ukraine.
• 11:32
  What's also interesting is that Treasury is also targeting more than a dozen transnational networks laundering gold for a designated Russian gold producer supporting Russia's production of unmanned aerial vehicles, etcetera, etcetera. So it's interesting that they're also going after their gold and and and their, you know, gold, you know, routes of, you know, whatever they're doing with their gold. They're saying it's it's laundering, but who knows what's actually going on here. So this is also interesting because, you know, what's happening is what they're seeing is that Russia is they're orienting towards a war economy. Right?
• 12:06
  And this is you know, China has been doing this for a couple years as well, where they're they're orienting. And this is again, you look at this, you look at the new announcement about the draft. I'm sure you've seen that. It's been everywhere about how now, you know, digitally, people are automatically then digitally registering or being entered into the draft. Obviously, they're not starting a draft, but what you can see is that everything is leading up to what looks like a World War three.
• 12:34
  And Martin Armstrong, who's one of my favorite guests to have on, is is I I present one of the the oracles of understanding that money if you look at what happens with money, it always shows when the war is coming. And I'm no Martin Armstrong, but everything that I'm seeing with this and seeing these economic sanctions, economic wars, you know, Putin pulling the US dollar out of their stock market, you know, not long trading. This is, you know, this is a precursor of something really, really big.
• 13:06
  Speaker 2: Well, so it's even more than that. So, you know, this Treasury Department, they've got to have their narrative. They have to have their messaging. And they said they're going after this gold because it might be money laundering, right? Well, I kind of doubt that it's money laundering because you look at the history of the other BRICS nations, China is acquiring 30,000 tons.
• 13:29
  Russia has over 1,000 tons of gold. India has 600 tons of gold. The BRICS nations are amassing gold to back up their currency, which they want a native BRICS currency, right, that's backed by gold. Now, the World Gold Council came out over the weekend with a report that said, You know what? We're starting to actually get supply problems with gold because all these central banks that are buying it, plus investors and everything else, I mean, there's still way more gold than there is silver, right?
• 14:03
  So silver is going to greatly outperform. But now we're starting to hear the talk of supply chain disruptions and supply disruptions in gold, because all the gold has already been easy gold has already been mined or found. Right? So now here's the process. You've got these miners in Africa, let's say, and they have to go deep into the jungles, go into the rural areas.
• 14:26
  They have to explore. They have to geolocate. They have to do all this stuff. Then they have to build roads and bridges and infrastructure to get there. They have to get permits, which take forever.
• 14:36
  So from the time they realize we better open up a new mine, it's ten to twenty years estimated by the World Gold Council to open up a new mine. Well, they're running out, right? So when you run out of gold and you've got central banks wanting to buy it to back up a currency, that's going to cause the price to go up. Just economics 101, low supply, high demand. We're seeing that even more so in silver, right?
• 15:03
  So this is where I don't think that that Treasury Department statement's like, we got to go after money laundering or we're going to put this sanction on there. I don't think that has anything to do with it. Now, I could be wrong, but I think it's just because simply these central banks are buying gold because they want to back up their currency with it. There's no laundering of anything there. They just want a solid asset.
• 15:25
  Now, what else? When you were talking about Martin Armstrong and following the money, right, and these money flows are always precede a wartime activity. Look what else happened on Friday. So the G7 nations met. They're having this symposium.
• 15:40
  And what did they decide to do? They decided to tick off Putin even more because they said, Hey, Putin, remember that 433,000,000,000 of assets that we froze? Well, we're going to take 50,000,000,000 of it because this war against Ukraine is expensive, and we're going to give it to Ukraine. It's like, okay. So not only did they freeze Putin's assets, 433,000,000,000, they decided to take 50,000,000,000 of it.
• 16:07
  It's like stealing it.
• 16:09
  Seth Holehouse: And loan it to Ukraine.
• 16:11
  Speaker 2: Ukraine, the country that they are fighting. I mean, that's just got to get his blood to boil, right? So now Putin's got this puffed up chest and said, I'm going to stick it to the West, right? And so then we've got all these warships and nuclear warships that are being sent across the Atlantic. They're in the Port Of Havana.
• 16:31
  Now you've got like the hunt for Red October because there's a nuclear sub that they can't find. It's like, what in the world is going on here? And so I was talking to General Flynn on Friday, and he said, you know, Kirk, those those warships that are off the coast of Miami, that's not just a that's not just going to hit the Eastern Seaboard. If those missiles they have on those those ships can actually make it to Iowa. Right?
• 16:58
  It's like, so you've got Putin here flexing. You know, who knows if he's going to do anything with that? But you can do maneuvers in any ocean anywhere in the world, and yet they decide to do them 20 miles off the coast of Miami. Right? So so it's like they're wanting deflection and gonna say, America, you better knock it off.
• 17:19
  You better stop putting these sanctions on here. Look what we've got. And they're willing to just Okay. They're willing to tick off America in the sense of or at least show what they could do. But you do that with Trump as president, you do that with Reagan as president, you're going to have a different outcome other than, we can't find a missing nuclear sub.
• 17:43
  It's like because the Biden administration doesn't do anything about it. They've already proven they don't do anything about it. This is why it's so easy for Putin to do something like that. Right? So so Martin Armstrong, dead on accurate.
• 17:58
  But you always follow the money you find when you're stealing money from a nuclear power and giving it to the country that you're fighting. What what do you think is going to happen from that? So now the president of Serbia basically says, we're we're head on six months away from World War three. He said that over the weekend. So I look at this and it's like perception is reality in the financial markets, right?
• 18:28
  Whether any of this stuff comes to happen or not, the perception is and it's driving fear into the hearts and minds of people everywhere because people are nervous. Is Putin really going to actually use nukes? Well, look what he did to his own people. He's willing to hurt his own people to destroy the dollar in Europe. Right?
• 18:48
  And he's What else could he do? And we don't know. Right? We don't know what But he's mad enough because we're really, really, truly trying to starve out his population. So all of that to say, we've got this massive now strong coalition of the BRICS nations because they're politically aligned, they're economically aligned, and they've got all this strength and momentum.
• 19:17
  And now Turkey wants to join the BRICS nations. And we've already got 50% of the world's population that are part of BRICS. But the countries that are added up that want to be in, including Turkey, which is one of the largest militaries in the world, right, pulling away from NATO. It's like you've got one of the largest Muslim population countries in The Middle East. Now, if they get admitted into BRICS, which Russia is sitting there clapping and saying, Yeah, we want them.
• 19:47
  You completely change the balance of power in The Middle East. Getting rid of a NATO nation to go to BRICS, I mean, this could be devastating. The geopolitical consequences could be huge. So now with all of that being said, whenever you have turbulence and turmoil and chaos and things of that nature, it does propel gold and silver up and could be up a lot. But now you add to that things that this is where I hate that we've been right, Seth, but I'm glad that we were in front of it and warning people.
• 20:25
  So there's all kinds of things happening. You've got that, everything that we talked about. But I think it was about three months ago, we talked about Social Security possibly ending. Right? So just over the weekend, the House is meeting, and they have this meeting.
• 20:48
  It's like, we need a committee. We needed a committee to talk about Social Security because it's going to end in 02/1935 when you add up all the accounts that go into it. But more realistically, it ends in 02/1933 with a 21% austerity measure because they can only afford to pay 79% of benefits. So really, at minimum, by the year 02/1933, I would expect full on, at best, that Social Security recipients only get 79% of what they're getting today. In an inflationary world, that becomes very problematic.
• 21:26
  But that's with all kinds of faulty assumptions on growth and the number of people that are retiring, the number of people being paid into the system. They use some kind of a bogus internal rate of return that inflates things. So I think that the ultimate end of Social Security is much earlier than that. But this is where, man, what do we do now? And they're saying, Well, some of us, you know, there's some people in the house that want to have a committee and some people say committees never do any good, which they're probably right.
• 21:58
  But the problem is this has got to be fixed, right? And then we've talked just over the last few weeks, Seth, that I've sensed and you've sensed and felt and have this feeling that this stupid avian flu is going to be the next pandemic. Well, enough, over the weekend, The Times has this article that the former head of the CDC said, This is my prediction. It's an ugly one. Bird flu is going to be the next pandemic.
• 22:32
  It's not a matter of if, it's a matter of when. It's like, Okay, now what? Are they going to shut down again? Are they going to have travel restrictions? Are going to have some kind of bogus vaccinations that we have to all get, including animals this time?
• 22:46
  I mean, so look at all this fear that's creeping into the hearts and minds of people because it is going full steam ahead. Let's create fear. We're going to have a pandemic. We've got banks failing. We've got wars and rumors of wars.
• 23:04
  We've got Social Security running out of money. And this is exactly what they want. And so now you've got Trump, who had a great speech over the weekend. But what did he say? He's got kind of a solution, which I think is absolutely brilliant.
• 23:23
  He said, Hey, one of my first things of order when I come in is going to be, I'm going to get rid of income tax and I'm going to replace that. You can't just get rid of income tax. The country would go bankrupt, right? But I'm going to replace it with tariffs on imports. This is exactly how our country started.
• 23:43
  This is how the founding fathers envisioned it. We didn't have income tax when we first started. That was a progressive communist move. And with the I don't know. I don't know which president was in charge when we started income tax.
• 23:58
  But it wasn't an idea from the founding fathers. We didn't have income tax. We had tariffs on imports. See, what would that do? It would make imports coming in more expensive, and it would basically create a bunch of demand for U.
• 24:13
  S. Goods, providing jobs, buying American, right? And so the little negative of that would be we still rely so much on imports that it would make things more expensive for a while. But the medium and long term impact are we're bringing jobs back to America, right? And we don't have an income tax, so people would be able to spend way more money and accelerate the growth of the economy.
• 24:39
  So in all of the negative that we're talking about, politically, there are possible solutions to all of this. We just have to be wise. We have to be courageous. We have to have discernment and wisdom. And
• 24:53
  Robert Kiyosaki: this
• 24:53
  Speaker 2: is where I look at all of this, and I know that people watching this show are going to say, Kirk and Seth, this is a bunch of bad news today. But yet I have hope because of comments of like what Trump said. I have hope that God's always in charge anyways, and none of this surprises him. But here's where it is time for truly America to wake up and realize this is like 1776 all over again. Are we going to go French Revolution style, where the peasants rose up against the bureaucracy and they still are a socialist nation today?
• 25:30
  Or are we going to have an American Revolution style, which is about religious freedom and putting God first and rewarding people for hard work and the basis and the fabric of what America was created on? These are the two options at this point. There's this boiling pot ready to explode right under the surface, and it's one of two revolutions. Which one is it going to be? I mean, you can't have all this mayhem and not have a drastic change.
• 26:00
  So I'm obviously hoping and praying for the best that people are waking up and they're seeing the government overreach. But it's falling apart. What's happening in Russia is just the beginning, I think, of the massive decline in demand for the dollar globally.
• 26:19
  Seth Holehouse: I agree. And that's maybe one of the things that will wake people up, which actually it is. I mean, every day I'm on Twitter, you're seeing these videos of people. It doesn't matter what, you know, political, you know, class they're from, whatever. And it's just a TikTok video then driving down the street saying, I can't afford to live anymore.
• 26:36
  Right? You know, this whole, oh, inflation's you know, we're we have inflation at 3% or whatever it is. It's all bogus. Like, the average American is struggling, but that's also that's what what wakes people up from the slumber. Now, you know, you and I, this past week, you know, covered the whole Saudi Arabia, Petrodollar, etcetera.
• 26:56
  And Jimmy Dorr, who most of are probably familiar with, you know, I think he's, you know, he has a great show, put this post out on Twitter, an ex, that I just wanna read through really quickly because to me, this is a this is a wake up post, right? So he shared the same news that you and I discussed, you know, Saudi Arabia's petrol or exit, a global finance paradigm shift. This was the exact website we showed our interview. So I'm gonna read this because this is the kind of language that people need to be hearing, that is the urgency of what's going on and the totality of what's happening. So he says, in referring to Saudi Arabia rejecting, you know, and basically, you know, concluding this this 50 deal of the US dollar being the petrodollar, he says, what this means is the end of The USA is a superpower.
• 27:42
  This story should be the top story on every newscast and front page headline of every newspaper, but it's not even being talked about just like it wasn't talked about when the petrodollar was propping up the American economy. Every country in the world holds huge amounts of US dollars because the petrodollar. There are more $100 bills in Russia than there are in The United States Of America. That was because of the petrodollar. This is all going away, and there's going to be a precipitous drop of the value of the US dollar.
• 28:13
  This is bigger than most people can grasp mostly because the petrodollar was never explained to them in the first place. This means soon the US dollar will no longer be the reserve currency of the world, and that will spark a great depression inside The US that we can't print money to fix. All all these kind of calamities were supposed to happen under under Trump, where our old friends stopped working with us and the world turned against The US. Of course, this is all happening precisely because of the neocon policies of war and sanctions that Biden has implemented and the media has cheered on. You won't be told about this on the corporate news anytime soon.
• 28:52
  And when it finally is discussed, they won't tell you the truth about it, and certainly won't tell you what actually caused it to happen. It's now kinda too late for a revolution to fix this country. So that's, to me, like this is the language that people need to hear. But also, it makes me proud, I guess, of what the work that we're doing. Albeit, I'm not happy about these topics, but
• 29:16
  Speaker 2: No.
• 29:16
  Seth Holehouse: It's like this I think that our interview, I think, was what was the first big interview to cover this. Like, we were, like, that ahead on the news curve with this. So we were the first which I think within a couple of days, we had over a hundred thousand views on Rumble. Because, you know, most other videos I saw, I think, probably were referencing that what we put together in that interview. So this is it's important information, but as we we looked at in the interview that you and I did on the petrodollar, I went to see CNBC, not a single mention of Saudi Arabia, the petrodollar, BRICS nations, their new their, you know, their their new, you know, currency exchange, any of this.
• 29:52
  It's gone. So, I mean, we're on the precipice of something, but I I have I unfortunately, it's like we're you know, because Biden is now using currency as a weapon of war, it goes both ways. And what they're doing, the BRICS nations, you know, we maybe we won't see troops on the ground in America as part of a World War three, but we could certainly experience, you know, Great Depression two point o, and it would absolutely be because of World War three. And what are your thoughts on that?
• 30:24
  Speaker 2: Well, I I absolutely agree. And, you know, to take us just a really quick step back to last week, the Saudi Arabia deal with the petrodollar, literally the biggest news of our lifetime because it changes the balance of power from the West to the East and we lose our reserve currency status. If you Google, did Saudi Arabia eliminate the petrodollar? It's like nothing comes up. It's like nobody is You're right.
• 30:54
  Nobody is talking about it. I mean, it's it's I in fact, I had some links for for your show and for some others, and I went back to look at them because I put them together on Friday. They're gone. It's like they were there because I read them and now the links are broken. There's nothing there.
• 31:11
  They're gone. Same thing about Russian banks. I mean, if you look back to Friday when Ross Bank was going under and all that news came out, this is like Silicon Valley Bank style stuff. It doesn't go away in a day. Right?
• 31:27
  But if you Google it now, there's like no reference anywhere that you can hardly find that says there's there's bank failures in Russia. When there were lines blocks long of people trying to get their money out and banks are shutting their doors and you can't access websites. Right? And so why all the suppression? Now, Russia doesn't want people to know that the ruble might be toast, right?
• 31:55
  And people don't have any money in the banks. And The US doesn't want people to know that Saudi Arabia is basically winning. And we got rid of Kissinger's petrodollar that happened in 1973, the fifty year anniversary of that. It's like, what? That's over and nobody is talking about it, which means it's probably got to be really, really important when no mainstream media is talking about it, right?
• 32:22
  Completely suppressed information. But this is big. Both of these things are really big. And what it tells me when Putin wanted to de dollarize the world, get rid of the petrodollar, now get rid of all of US dollar trading in Russia, and it's probably going to expand to the other BRICS nations, full on war against the US dollar. And they want to kick it out from being a currency of even use in 50% of the world's population.
• 32:54
  That's a major big deal.
• 32:56
  Seth Holehouse: So where do precious metals fit into all this? Because that's because what you see we're seeing Yeah. All these BRICS nations are amassing precious metals, gold, like we've never seen before. And not just BRICS nations, you know, central banks, sovereign banks. It seems like every country except for, you know, United States and Canada and a few of these countries is amassing precious metals like we've never seen before.
• 33:20
  So what's behind that? And I know that, you know, banks, you know, like even I think was it UBS that said that gold could hit upwards of $5,000 an ounce? Like, there's now there you know, the the discussion of, I think, a real correction in the price of precious metals is even being had at that level of the big banks. So what do you see happening?
• 33:40
  Speaker 2: Well, I so I see gold and silver, a, what you just referenced, that is a flight for quality. So as the foundations around us continue to erode, this is why kings and kingdoms have fought after gold for centuries and for millennia. It's because it's real, it's tangible, and it always will be. It's not paper. It doesn't go away overnight because of bankruptcy, right?
• 34:05
  So it's safety. But when you understand that these big central banks, whether it's the European Central Bank, the Japanese Central Bank, the Chinese Central Bank, all of them are thinking, well, we've got to back up our currency with gold. Why are they saying that? Well, because they want to back up their currency with gold. That's why anybody says anything, it's because they want it.
• 34:30
  But what they do and what they say are sometimes different things because they've been poo pooing gold for decades. It's an ancient relic. It's stupid. We can do much better with this Keynesian economic policy and just print money when we need it. We can stimulate the economy, slow down the economy by printing more money or printing less money and through interest rates and blah, blah, blah.
• 34:54
  Well, that game is over. Right? I mean, it's just done because people have figured out that we can't sustain ourselves on a world that's debt based. So you look at that and I think, Okay, technically, fundamentally, everything is moving in the favor of precious metals, whether it's because you want safety because the currency system is about to erode or because of all the industrial demand for silver that's used for solar and electric vehicles and aerospace and defense and we're in a war economy. I mean, the demand for silver is through the roof.
• 35:30
  There's not enough there. And now there's not enough gold there. Evidently, they're going to be running out at some point long down the road. I'm not saying that that's going to happen tomorrow. Right?
• 35:40
  But silver is way closer to that. Gold, you keep having central banks amass it by the tens or hundreds of tons on a monthly basis. It's like they will have a supply disruption and prices go through the roof. So for us, we've got this amazing blending of technical and fundamental indicators pointing towards much higher gold and silver prices. Just take advantage of it.
• 36:08
  That's how we can allocate safely in these weird, crazy markets where the foundations around us are eroding.
• 36:17
  Seth Holehouse: I I couldn't agree more. I mean, this is what we're seeing is attack on dollar, attack on currencies. And I think that even Russia, they maybe they know that their own ruble is going to take massive hits, and that's maybe why they're hedging and anticipating a new BRICS currency to transition to gold backed, you know, moving more towards that. And this is, mean, this is look, for people that are watching, you know, a lot of folks are watching our show every week, they love coming on, they're really aware of what's happening. People in America, you will not go to your local, you know, Vanguard, you know, you know, financial advisor, he's not gonna tell you this information.
• 36:52
  He's gonna say, well, the the blue chip stocks are doing pretty well in the videos. This this is not within their purview. This is something that's that's very, I'd say much more real, obviously, than than going to CNBC or talking to some mainstream adviser. It's kind of going to the hospital. It's like, hey, what do I need?
• 37:06
  Okay. Here's a shot to jam in your arm, and there you go. You're on your way. It's like, that's the mainstream of of it's it's it's corrupted. It's lost its place, think, in the realm of truth.
• 37:16
  So for people that are on the fence, have been thinking about this, the window's closing. Right? The window is is the of opportunity is closing for people to move some of their money into gold and silver. And look, I'm not a financial advisor, you know, and so you have to do your own research, but to me, like everything points towards this. Right?
• 37:38
  Everything points towards this is security. In the same way of Yeah. You know, buying food. Right? All the indicators point towards food shortages, potentially famine.
• 37:47
  Don't just sit there and say, well, I think it'll probably be okay, and our government's gonna take care of us. Now's the time you realize that, you know, there's a good chance it won't be okay. I'm gonna go and get that one year food supply set aside or get my seeds and my gardens and my chickens going because I want to make sure my family is taken care of. It's the same thing with with precious metals. It's not about, hey, I'm gonna get rich, I'm gonna put all this money in there, so I go to $5,000 now, so I'm gonna flip it.
• 38:11
  Okay, that's great if it does, like it keeps going up, it's great. It's just about to me, it's an insurance policy. It's about saying, look, of all my my assets I have IRA, four zero one ks, whatever it is, that are that are literally sitting in the dollar, and in the banks, the dollar, the banks are very vulnerable. This is something that I think has been around for, you know, thousands and thousands of years since the dawn of time. Right?
• 38:34
  And this is a safe haven. So if folks want to work with you, whether it's moving an IRA fund, whether it's four zero one ks, or it's just an outright purchase. Say, you know what, Kirk, I'm going wire you $5,000 I want some silver. What's the process they do for that?
• 38:50
  Speaker 2: So they simply go to the website form that we built for this show, goldwithseth.com, or they can call us, (720) 605-3900. Just say Seth sent you. And that you'll you'll talk to one of our schedulers. The schedulers will ask you questions. What is it that you're concerned about?
• 39:10
  What can we help you with? What do you want to do? Do you want growth? Do you want income? What's your goal?
• 39:15
  And what's your fears? Right? So we do that because not everybody has the same concerns, right? You can't use a cookie cutter approach. That's silly.
• 39:24
  So we just get to know you, and then we'll schedule you with one of our consultants where we'll drive down deep. We'll figure out what we can move, what assets should be protected and hedged and get out of paper. We'll go over all of that with you, and then my team does everything else after that. Move the assets. We'll call you and the funds show up.
• 39:45
  We'll confirm. It's not my money. It's your money. And I don't even think it's your money, think it's God's money. We're just called to be wise stewards with it, right?
• 39:54
  So this is why we want to have this amazing conversation, because once we do, and you understand why we do what we do, well, that financial anxiety is going to start to melt away when you realize I've got a team of like minded people who think like me, who don't listen to mainstream media, who identify the trends. And I tell you, 99% of everybody that calls in didn't think that a firm existed like that, right? It's like, Oh, when stocks think you go into bonds and bonds think you go into stocks, it's like, there's no such thing as a bad investment. There's bad timing for investments. And I'm telling you what's happening right now is unprecedented.
• 40:36
  It's like nothing we've ever seen in the history of the world. At least anybody that's pretty much alive in America today has only known a reserve currency for America, which gave us the lifestyle that we have, because that happened in 1944 under the Bretton Woods Act. So that's eighty years ago. Right? That's all that we've known for eighty years.
• 40:59
  That pendulum has shifted. And it's a geopolitical, political, economic shift that we're not getting back. Hate to say it. Even when Trump comes back as president, we're not getting that reserve currency status back. Now, what we can get is jobs coming back to America, but we're going to have to start having discretion in our spending.
• 41:23
  Right? And this is where we can make America great again. But we have to not live in a debt based system because I think that built in demand for our currency is going away. The BRICS nations already have it. They're over 50% of the world's population.
• 41:38
  Why are they going to give it up? They're not. Right? So we have to start thinking differently. The best way to do that, allocate into strength and get out of debt.
• 41:49
  And I think that's what is going to take to win this battle.
• 41:54
  Seth Holehouse: Absolutely. Alright. So, folks, goldwithSeth.com. There's a form. Or (720) 605-3900.
• 42:04
  Call them today. Contact today. It's a free consultation. Not gonna lose anything. You're gonna learn a lot from it.
• 42:09
  Kirk, always great having you on. We've got some pretty intense updates these days. I have a feeling it's gonna intensify as we get closer to the election, and then on into next year. So I'm very grateful to have you by my side. Thanks again for being here with us today.
• 42:25
  Speaker 2: You bet. Thanks, Seth. We'll talk to you soon.
• 42:27
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• 42:45
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• 43:08
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