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They’re Lying About Inflation... Grocery Prices Have DOUBLED & It’s Getting Worse · Man in America Podcast

• 1:33
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. Do you ever feel like we're being lied to by our government? Because I I swear, sometimes I look at what the White House says or what the mainstream media says, and I I feel like I think they're lying. And one of those areas is financial stuff.
• 1:53
  Right? They're telling us that that the the inflation is they've won the war on inflation. They're raising their rates. They're telling us they're gonna stop raising their rates. They're gonna come back down and that we're entering back into this nice period.
• 2:05
  And, oh, don't worry about the recession. But I can tell you from my own personal experience as being a person living in America that is grocery shopping, you know, paying for, you know, food at restaurants, whatever, I'm seeing that so many things are getting way more expensive. I mean, toys, for instance, so say, I'm going out and it's, you know, June's birthday with a couple weeks back and I bought some toys. It's like, these just seem way more expensive than I remember. It just feels like everything is getting more expensive.
• 2:36
  Well, there's a video that we're gonna be starting with today with Doctor. Kirk Elliott, who'll be our guest today. And this video is this guy that actually took pictures. He was walking around in Costco about a year ago, and he photographed the prices of the items that he was purchasing. He went back there recently and a lot of these prices have literally doubled.
• 2:57
  So something that a year ago was like say $5.99 is now $9.99 or $10.99. He shows this, which makes me happy because I guess I can thank Mike Adams for that because he made me think, I better go prep and buy some food. But my wife and I, we bought a lot of food at Costco canned goods, flour, sugar. We bought it though probably, probably between two and three years ago, we were doing a lot of these big Costco runs and buying shelf stable food, pastas and whatnot. And it makes me happy I did that because I as much as we spent at that time, it probably would have been at least 50 to 70% more this time around.
• 3:34
  So we're gonna be taking a look at what's really going on with inflation, what it means to you the consumer, how the war fits into this, and then also looking at where the rates are at currently, and why Janet Yellen is saying that basically they're not going to be lowering rates like we've been told. So folks, and please enjoy this interview with Doctor. Kirk Elliott. Kirk, man, it's great to have you back on the show. How you doing?
• 4:00
  Speaker 2: I am doing awesome. It's great to be back.
• 4:03
  Seth Holehouse: And I wore my my it's not like a flannel flannel, I wore my somewhat flannel y shirt to match you because I wanted to be in the same same zone.
• 4:12
  Speaker 2: Dude, it's getting cold in Denver in the mornings. It was, I think, over the weekend, I came into the office. It was thirty eight. So it's it's getting to nice. Well, probably a little bit sooner than what we're expecting.
• 4:26
  I'm still expecting, like, a heat wave in part of October. Right? Where but, yeah, it's getting really chilly close to freezing at night, which the mountains are loving it because the Farmers' Almanac, well, I don't know how accurate they are anymore, but but they think it's an El Nino winter, which means dumping of snow for Colorado. So
• 4:47
  Seth Holehouse: Which means good skiing snowboarding. Resorts. Yeah.
• 4:51
  Speaker 2: Yep. Yeah.
• 4:52
  Seth Holehouse: So it's funny because I just got back from Miami, you know, down there for the reawaken tour, and I'm reminded of why I don't want to live in Florida because it's 95 degrees out, 90% humidity. I'm outside for three seconds and I've got sweat everywhere. It's like not, not my place. So Yeah. Diving into today's topic, is it's the big one is grocery prices.
• 5:17
  I mean, and this is something that I've seen happen, I'm sure that you've seen happen where not just grocery prices, it's it's restaurant, it's food in general, where restaurants I used to go to and a burger maybe was $13 it's now 18. You know, or you look through the menu of a decent restaurant, and it used to be that most dishes were between say $15.20 bucks, and now they're between 25 and 35. And but they're telling us inflation is, you know, they they've they've won the battle against inflation. And so to to kind of cattle you know, create a a catalyst for today's discussion, I've got a video that I found. This is that was kind of going viral.
• 5:55
  This is a TikTok video that has got, you know, two and a half million views on this particular thread on Twitter. Let me just play this for you, Kirk. It's about forty it's forty two seconds long. I'll narrate a little bit of it for the people that can't watch this because there's a few parts where it has text on the screen and doesn't tell you what's happening, but let's just check this out.
• 6:15
  Speaker 3: This man reveals the true food inflation by comparing prices with the price tags on photos he took a year ago.
• 6:22
  Speaker 4: So I'm walking around Costco here and I'm noticing these prices. For example, these mattress lentils, $15.99. I bought those a year ago for $6.99. I keep getting told that we got, you know, 7% inflation. You gotta be kidding me.
• 6:34
  Let's look at what else we got going on here. We literally bought this chicken broth, $5.69, 2 months ago.
• 6:43
  Seth Holehouse: So mayonnaise, $5 to $10.
• 6:45
  Speaker 4: Dang. This is the flour we were buying for $5.99 last year.
• 6:51
  Seth Holehouse: Yeah. So that flour that was, you know, $6 last year was now, I think, $12. Butter, which was $9.49 is now $13.59.
• 7:00
  Speaker 3: The government has its own math that they manipulate in a dodgy way.
• 7:05
  Seth Holehouse: Nice little in part there, but and that's what it is. I mean, that's what I'm seeing also. It's not even I mean, a lot of people like yourself, we talk about this, they say, well, the real rate of inflation is actually closer to 25%. But when I look at food prices, like you showed there, something that you you know, even a year or two ago was $5 is now $10 and though I think I went, my wife and I especially went a little bit crazy with our prepping. It makes me happy because when when I went back when rice was say, you know, half the price and then we probably got 500 pounds of rice from Costco in a couple of trips so it's like there's a good investment, I should have put $100 into food, two years ago, I'd be like really doing well.
• 7:49
  Speaker 2: Well, so those numbers are actually fascinating. I'm glad that he did that because that's, that's what everybody in the country is feeling and experiencing every single day. Everybody buys groceries. Right? And you and I have been kind of shouting from the rooftops for a while.
• 8:08
  Biden's inflation numbers are not real. They're manipulated. They're fabricated. They use substitution and other things so they can get by with it and say that their numbers are real and not just flat out lie. But really, it's like if state goes up 50% and you replace it with hamburger the CPI index and hamburger's 30% less, that's not in reality, they would say that steak came down 30% because they replaced it with hamburger.
• 8:36
  That's not the same. You're not measuring the same thing, which the consumer price index, Seth, would be a great measurement tool to measure from A to B to C to D right over the years if they kept measuring the same thing, but they don't. Right? And so it becomes a meaningless number, absolutely a meaningless number. So I was in California last week.
• 9:01
  We went to a nonprofit gala for a ministry that we support as a company and as a family called Project Rescue. They rescue women and children from trafficking, which beside the point. I just wanted to let you know why I was there. But I had to go fill up the rental car with gas in California. It's like, oh, boy.
• 9:19
  So I get to the gas station, dollars 6.91 a gallon. Okay. So this is where it starts to get interesting. So we've got the war going on in Israel right now. Right?
• 9:33
  Hamas shooting thousands of missiles and then Netanyahu retaliating, cutting off supply of food and water and other necessities. And then, I mean, it's just ugly. Right? But war in The Middle East always causes oil prices to go up. In fact, when the conflict started the day of, I read a research article that said this Israel Palestinian conflict with Hamas was going to cause oil to go to $150 a barrel.
• 10:06
  So it's like, okay, where is it? Was like at $147 How big is that? Well, last week oil was at $93 a barrel. So $93 to $150 that's over $57 a barrel increase is the projection. That's more than doubling.
• 10:24
  That's literally up about 55% from where it is today. So what is gas? It's refined oil. Right? So so take gas in California at $6.91 call it $7 for easy math.
• 10:41
  And even if it just went up 50%, the price of oil from 93 to 150, let's just call it 50%, that add another $3.50 onto 7, that puts gas at $10.50 an ounce. If oil goes up to $150 a barrel from where it is, it's like, that's insane. People aren't going to be able to get by with that when already people are living hand to mouth month to month. They really can't make ends meet. And there's oftentimes horrible decisions like, should we pay our rent or buy food this month, right?
• 11:18
  Especially when you're seeing the price of food double at Costco. Mean, this is an interesting inflationary time that we're living in, and it's hard for not just Americans or people around the world to actually make ends meet and feed their family right now.
• 11:39
  Seth Holehouse: And it's crazy because they tell us that, well, how do you combat inflation? You raise the rates, and they've raised the rates, they told us they won the war. I'll say this a funny point. You're talking, you said that, you know, you're talking about the price of gas per ounce. It's it's apparent that you deal in ounces and Oh, I said per ounce?
• 11:56
  You're like, Well, you know, gas is up over $10 an ounce.
• 12:00
  Speaker 2: Per gallon. So used to talking in ounces with gold and silver.
• 12:04
  Seth Holehouse: Yeah. Anyway.
• 12:05
  Speaker 2: A little bit of a slip in the tongue.
• 12:07
  Seth Holehouse: Yeah. So, but, so, you know, they want us to believe that raising the rates is what fixes inflation. And so, we now see that, I mean, not just me, everyone watching the show is probably living this. Like, their monthly expenses are going up consistently, like month or month is getting more expensive to live. And for people that are, say, retired or on fixed income or whatever, it's getting more and more difficult.
• 12:36
  And so but again, they're saying that well, we've fixed that. And now we use the inter, you know, higher interest rates to fix that but and they kind of paint the picture like, oh, they're gonna come back down now and we're gonna enter into a better period again. But what's really going on with the interest rates?
• 12:52
  Speaker 2: Well, so this is where Biden is abs his administration is absolutely lying about these numbers. Right? Because they are I mean, I heard it twice in the last two weeks. We're winning the war on inflation. Therefore, we can pause interest rates, then next year we're going to bring them down.
• 13:10
  That's the narrative because interest rates go up when you have to fight inflation. So they can say, oh, we can for winning the war on inflation will cause rates to come down. Right? But that's not the reality. Even so a couple of news items that came out literally this morning, right, is Janet Yellen.
• 13:31
  Contrary to what her boss is saying, right, which is trouble in paradise, right, when you're disagreeing with your boss. But Janet Yellen says higher interest rates may persist in The United States. Okay. So Jerome Powell, chairman of the Fed, basically said the exact same thing. We're gonna have one more rate increase, and then we're going to pause, but rates are gonna stay at these high levels.
• 13:58
  They're not coming down. So they're gonna raise rates, and then it's just gonna be static for a while like a tabletop. They're not they're not going to pull them down. What did the European Central Bank say? The European Central Bank said something with similar language.
• 14:13
  They're they're saying preserving peak rates until the second half of next year. So sometime they're going to have high rates. But why in the world would you want to preserve peak rates? Right? Don't you want rates to come down?
• 14:27
  Well, they know that you have to. You have to preserve those high rates in an inflationary time to even try to tackle the inflationary pressures. So both Yellen and the European Central Bank are basically saying the same thing in different words. They're saying we haven't actually won this war in inflation. It's still rearing its ugly head.
• 14:49
  We're gonna raise rates one more time, and then we're just gonna keep them static. Right? So what does that bring to the table? That brings to the table a higher cost of borrowing for a longer period of time because they're not gonna lower rates. They're gonna raise them one more and then just go sideways for a while.
• 15:07
  Then when they realize they're printing money like there's no tomorrow because the BRICS nations come January took away our petrodollar status by adding six of the nine largest oil producers in the world. Right? The elimination of the petrodollar, we're gonna be forced to print even more. So after prolonged maybe pause of raising, not not lowering, They're raising them to a nice lofty level and then they're just going to go sideways for a bit. My prediction would be instead of lowering, they're going to have to raise them again because the inflationary, ugly headed monster hasn't been killed.
• 15:44
  Right? They're going to have to keep raising rates until it is done. Mortgage companies and mortgage banking firms have truly the hardest job on the planet because they have to look up to 30 in the future to determine is, I'm using your family as an example, is the whole house family that we actually gave a loan to for their house that they just bought, A, is Seth going to have a job thirty years from now? B, is the real estate market going to go up or down? Are we going to have our loan to value ratio there?
• 16:24
  Are we going to have to collect more private mortgage insurance or not? C, what are interest rates going to do? What if what if Seth doesn't hold the house for the whole thirty years and they need to sell it or they he loses wages because the economy stinks five years from now that we didn't foresee? And so they might need to to refinance. They might need to pull some cash out.
• 16:46
  But boy, there's no loan to value there. I mean, literally, we don't even know what's gonna happen tomorrow three quarters of the time, let alone ten, twenty, thirty years down the road. So those economists at mortgage banks have a really tough job in trying to predict what the economy is going to look like decades from now. So here's what they're doing. Even though Jerome Powell at the Fed paused interest rates last month on the on the, you know, rate hike scenario and schedule, mortgage rates kept going up.
• 17:17
  It's like, how could they keep going up if they paused interest rates? Aren't they tied to that? It's like, yes, they are tied to the official money rate, right, which the Fed paused. But JPMorgan Chase, Bank of America, Citi, Wells Fargo, all these companies, these big banks, they're lending out their own capital, right? So what they're saying is, we don't know.
• 17:38
  The Fed may have paused rate hikes, but this is our money. We want a higher return for the risk that we're taking. We're going to keep raising our own internal rates. Now, imagine if they had to do that with rates continuing to climb, it would be an amplified effect. Right?
• 17:53
  So this is why mortgage rates are still going up even though the Fed paused, because the secondary market is dictating that they need to do that. The economy is really bad, Seth. I mean, it's just really bad. And so as you look into that, we've got a bigger problem that's right underneath the table that nobody's talking about yet. We keep talking about the inflationary pressures, the rising cost of borrowing, hard for consumers to make ends meet every month, right?
• 18:24
  I mean, this is obvious. But what's coming next hasn't happened yet. And that is there's $2,000,000,000,000 of commercial loans out there that come due, they come due in 2024. So what are these corporations, what are these commercial loans going to have to do? They're going to need to refinance.
• 18:47
  It's like, wait a second, or pay it off, Refinance it on these adjustable rate mortgages about rates are double what they were twelve months ago. It's like, yep.
• 18:57
  Seth Holehouse: Hey, folks. I have a quick message for you. Thank you so much for watching listening to this interview. I have one small request. If you're enjoying what you're listening to, could you please share this interview with one person, just one person.
• 19:11
  Because of censorship and shadow banning, it's so hard to get this content out to more people, and the only way we can really do it is when you help by sharing it. So if you like what you're listening to, hit pause, share it with one person. It helps so much. Thank you so much. How much is it in these corporate loans?
• 19:29
  Speaker 2: $2,000,000,000,000 of mortgage loans that are adjustable come due in 2024, which means in the last twelve months, rates have more than doubled. So when they renew, their their payments are gonna be more than double of what they were. So the projection is 2024 could be one of the worst years ever, even worse than 02/2009 for corporate bankruptcies. I mean, this is bad. This is really bad.
• 19:55
  Seth Holehouse: I see. So basically now, what is it are there I imagine that every year there's loans that come due, right? Because these corporations are taking loans out all the And so is it that there's in particular a larger amount? Is it kind of like there's there's a spike in the the loans that are coming due in 2024?
• 20:21
  Speaker 2: See, not necessarily a larger spike, but but when they come due in like January, right? And sometimes they're not on a on a, you know, anniversary date. It's on a calendar year. Right? So maybe in January, a bunch of these $2,000,000,000,000 comes due.
• 20:39
  Well, the reason why it hasn't been an issue in the past is rates have been going up for about eleven months, right? So a year ago, we didn't really have high interest rates. Now we do. When when they need to refinance, when those loans come due for the last eleven months, rates have more than doubled, literally more
• 21:01
  Seth Holehouse: than So it's it's it's almost like it's may rates slowly go up and down, but when there's a period when you have a rates that are quickly accelerating, is there historical precedent that we can look back and see these other time periods where the rates jumped very quickly like that, and then it was followed by corporate bankruptcies because that then ate into their margins and
• 21:26
  Speaker 2: Yeah, I mean, right after 02/2008, in the subprime lending crisis, see, they had to with all of that, they had to raise rates for a while. It was devastating. And then Dodd Frank came in, and then they wanted to actually goose the economy. They artificially kept rates low since then, right, which now we've got so much debt because the cost of borrowing was basically free and inflation adjusted numbers. It was free money, right?
• 21:54
  So people were buying, buying, buying, buying at these artificially low rates. Now that they're going to double, see, this is where people don't remember history, right? And the biblical warnings of getting into this kind of debt, right? There was a dream that was interpreted in the Old Testament, right, about seven fat cows and followed by seven lean cows. So the interpretation of that dream was, hey, look, there's seven years of plenty.
• 22:23
  The granaries are full. People are fat and happy. They're eaten. And during that time, you need to save up for the seven years of famine that are coming, right? That was the seven lean cows.
• 22:35
  Well, if people were to save up during the fat years, they would have money during the skinny years, right? And it wouldn't be that big of a deal. That's what the purpose of that biblical dream was, was to warn people, save up when the getting's good, right, because it's not going to be good forever. But here what happened over the last seven years is you had COVID. People lost their jobs.
• 22:56
  Yeah, we had interest rates that were low, but running up to that were the Trump years, massive years of plenty. Right? The economy was booming, and then it was followed by stimulus money. Well, now people didn't save up. People just didn't save up during those times.
• 23:16
  And now that the famine years are coming, it's like, oh, honey, we didn't actually save up when we should have. We bought an extra boat. We bought this. We bought that. We went out a lot.
• 23:27
  We didn't save. And now you have to face the music, right? And that's where we are as an economy, because I believe we're entering into those, to use that biblical prophetic dream as an example, We had many years of plenty during the Reagan years. We had years of plenty during the Trump years. We squandered it as a nation.
• 23:50
  We didn't save up, but rather we were rabid consumers buying everything that we could. Didn't save up for a rainy day, and now that the economy stinks, wages are coming down, interest rates are going up, so the cost of borrowing is going up, we're going to have some lean years. We just are, right? It's like I'm not trying to be a prophet of gloom and doom or naysayer, right? It's just we got to face the music.
• 24:15
  We have to pay for everything that we actually borrowed to get, and rates are going to be doubled. That's just math.
• 24:24
  Seth Holehouse: Which is interesting because I interviewed Charles Niner recently who's a cycles guy, you know, similar to Martin Armstrong, who also just finished an interview with. And, you know, one of things that he said, because I was asking about his view of the stock market and different things, and he was saying that that he expects based upon his cycles, that rates will continue increasing, I think, gosh, for the next eight or ten years or something. And he was basically saying that look, absolutely, we're gonna see double digit interest rates, you know, back to that time where you know, my parents tell me that oh, yeah, back in the 80s, you know, we had a 17%, you know, loan interest rate on our on our mortgage. And he was saying that, yeah, that's exactly where we're headed back to. But if you, again, if you look at the fact that I think, you know, and even we've looked at these figures together of where the average US consumer is and how it's you've seen these graphs, I could probably find one where it's like credit card debt is skyrocketing, personal savings are plummeting.
• 25:27
  And so if you add all these things together, I mean, it's just it's a perfect storm, heading into an election year, especially with a new war in The Middle East. I mean, it's it's there's a lot going on.
• 25:45
  Speaker 2: There is a lot, and it is kind of this convergence of bad things. Right? It's just when you've got war, geopolitical conflict, couple that with political conflict, right? I mean, the GOP is fighting over who the speaker of the house is gonna be, and they thought they picked one. He didn't want it, so now it's gonna go back.
• 26:04
  It's like there's there's real legitimate problems, and there's political upheaval. Well, why did why did McCarthy get the oust from the job? Well, it's because he he passed, you know, spending bills for money that we didn't have. And it's just like, you really did that? Really?
• 26:23
  You extended the debt ceiling? Really? We don't have money. And so so this is the world that we're living in where we've gotten so used to cheap money, so used to just printing money on a whim because we've had reserve currency status, meaning built in demand because all international settlements are traded in our currency. We don't have that anymore.
• 26:44
  We really legitimately don't. Technically, it's still kind of there, but the BRICS nations are going to be trading upwards of 70% of the world's population in their makeup of countries, they're going be trading back and forth in their own currencies instead of the US dollar. That means there's no demand for the dollar. Really, there's not. So you're going to see lack of demand, excess supply, prices come down.
• 27:13
  That's what happens. Interest rates are going to have to go up. They just function of how the markets work. And when we're in debt up to our eyeballs and interest rates rise, that's a kiss of death to a portfolio.
• 27:28
  Seth Holehouse: And it was an interesting because so I just actually, in timing wise, just finished this interview with Martin Armstrong an hour and a half ago. So a lot of that is fresh in my mind. And we're talking and I'd asked him about metals. I know you follow metals obviously very closely. It's what you do, precious metals, and he had said that was interesting because he said that, you know, look, they're not tied to inflation.
• 27:49
  It's not that as inflation goes up, you know, price of gold goes up, which we've seen. I mean, you look at the price of gold versus inflation, there's not a very strong correlation, especially look at the past year. Gold hasn't doubled with grocery prices, right? But what he said, and this is all I want to get your feedback on this because you live in this industry, but he said that the trigger that he sees what will cause a rise in precious metals prices, he goes, it's always correlated to confidence in government. And and that's really what it is.
• 28:22
  And so the average person that's not really paying as much attention to what's happening, they're also not paying as much attention to the faults and the evil and all the terrible things that governments are doing. But what Martin was saying is that as we enter into 2024, especially as we get closer to the election, and the deep state gets much more desperate and frantic and their actions really wake a lot more people up because, like, look what happened since COVID. It's like people are seeing like, hey, this is there's something wrong here. That he thinks that the confidence in the government is going to be gonna plummet. And he says it like just really plummeting around that twenty twenty four election period, which is why I think that he felt that precious metals, especially at that point, we're gonna see more people fleeing into precious metals.
• 29:12
  Speaker 2: Well, I agree with that. Gold is a very good barometer for political acceptance, right? So, for example, look at the Reagan years, which spanned more than one president. It was Reagan, Bush, Clinton, right? So, 1980 until 1996, '2 thousand and '4 ish.
• 29:37
  That's a long time. It's a really long time. So what happened to gold from 1980 to February and You know, basically, twenty year twenty two years. It went from February to February. It went up $8 in twenty years.
• 29:59
  But why? What was happening politically? The cold war was over. The Berlin Wall came down. Newt Gingrich had the contract with America, right, where Democrats and Republicans were cutting deals and everyone was getting along.
• 30:12
  Interest rates had come down. So real estate was booming. The stock market was booming, bond market was booming as interest rates are coming down. I mean, it was like the perfect scenario. And gold did absolutely nothing.
• 30:25
  $8 in twenty years. I can't say that that's actually even good. That's not even close to a good return. However, the stock market was booming. Everything was booming, and politically, things were good.
• 30:36
  So gold is a barometer to political activity, to the social unrest that we're seeing, just like you said. But we don't have what we had in the eighties. Are Republicans and Democrats getting along? No. They can't stand each other right now.
• 30:51
  Right? Blaming everybody all the time.
• 30:53
  Seth Holehouse: I mean, Republicans and Republicans aren't getting along.
• 30:57
  Speaker 2: No. Not even the people on the same team are getting along. Right? So so and not just the Republicans. The Democrats aren't either.
• 31:06
  Right? RFK Jr. Is basically gonna run for president as an independent, split up that party's vote, right, because he thinks that they've all gone communist. And so so you've got all of this upheaval. Right?
• 31:18
  You've got wars and rumors, of course, and you've got now the it was either the state department or the national security advisers say that The US has to be prepared to fight two simultaneous wars, one with Russia, One with China. It's like now you've got what's happening in Israel going on, you've got Russia and Ukraine. Right? I mean, a lot of stuff happening, and you've got economic imbalances, and we're having to print our way out of lack of demand for our currency. And it only takes one act by a large nation like China who still has, what, $900,000,000,000 worth of US treasuries that they own to dump them.
• 31:57
  It's like, ah, we'll just face the music. We, we want to be the world's reserve currency and kill the us dollar. This is the best way to do it. We'll take our lumps. We'll take our 30% hit.
• 32:07
  If it drives that much demand, you know, or supply going on the market impacts the price by 30%, we'll live with it because we're becoming the world's reserve currency. So, so we've got these problems in our society that aren't going to change anytime real soon. Therefore, we just need to take advantage of it. And that's what we do with things like silver and gold right now, but primarily silver. I would do silver, not even doing gold because gold is the ratio.
• 32:36
  Isn't there. The ratio isn't where silver is, where it shows that silver is undervalued or gold is overvalued. I don't believe gold is overvalued. I believe it's still going to continue to go up, which means silver has some catch up to do, right? So, that's why we're allocated into silver.
• 32:52
  Seth Holehouse: Makes a good point. Makes a good point. Also, I mean, it's the ease of barterability, right? I mean, if you have a coin that's worth $2, you can't go buy your groceries with that. So now, Kirk, if someone wants to get ahold of you, say that they want to move some of their money from an IRA or a four zero one k or whatnot, what's that process look like?
• 33:15
  Speaker 2: So just fill out the form that we have for your show, which is Kirk Elliott, PhD dot com forward slash
• 33:24
  Seth Holehouse: gold, or goldwithSeth.com.
• 33:29
  Speaker 2: Or just go to goldwithSeth. Yeah. Yep. Right. Yeah.
• 33:32
  Or you can call us (720) 605-3900 and just say, Seth sent you. So GoldWithSeth.com or call (720) 605-3900. And what'll happen is my client concierge team will ask you a couple of questions. What was it that Kirk and Seth were talking about that caused you to want to reach out? Just answer them.
• 33:55
  Then you'll get set up with one of our advisors who will dig in deep into your questions to answer your questions, alleviate your fears, hopefully achieve your dreams, right? Get out of harm's way. All that's a free consultation. We'll let you know what we think you should do. So then you make the final decision.
• 34:13
  Right? We're just out there talking about it and what we see with the economy. Then you decide what you want to do, and we'll go from there. We'll cross the t's, dot the i's, make the transition easy and the burden light. That's what the what the conversation looks like, and it's a really simple, allocation process.
• 34:31
  Seth Holehouse: Well, perfect. Well, Kirk, thank you again for for being on. It's always good catching up with you, and, see you next week, man.
• 34:38
  Speaker 2: Alright. We'll see
• 34:39
  Mel K: you.