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Something BIZARRE is Happening to the US Dollar · Man in America Podcast

• 0:02
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. So folks, something very bizarre is happening to our money supply. And the more you dig into it, the more you start to understand what's really going on and why everybody that doesn't care about you is trying to hide what's happening with the money supply from you. And so to be to be discussing this with me today, I'm gonna bring on doctor Kirk Elliott, who's really knows economics and geopolitics to really help us make sense of this because folks, this is a significant significant issue.
• 0:43
  But before we jump into that, I first want to show you a video by Greg Reese that recently came out that really really sets the stage for the discussion I'm gonna have with Kirk. So it's about a four and a half minute video or so and after the video, I'll jump right into the interview with Kirk Elliott where we're gonna be talking about a lot of the information that this video ties together. So I hope you enjoy this show and pay attention and if you want, share this video or podcast with your friends or family because this is a really really critical issue right now. So let me go ahead and start by playing this video by Greg Reese.
• 1:30
  Speaker 2: Canadian veteran and political activist Jeremy McKenzie, known as the raging dissident, was just notified that he can no longer do banking in Canada.
• 1:41
  Speaker 3: As part of ending the relationship towards it today, you're not to visit any of the Scotiabank branches or bank premises in person without first getting, written consent in advance from the bank from management.
• 1:54
  Seth Holehouse: So I'm banned from the bank.
• 1:56
  Speaker 2: But it doesn't matter if you are a political activist or an obedient sheep because the banks are planning on taking all of your money to pay off their debts.
• 2:06
  Speaker 4: I mean, it's a little bit conflicted. Right? I mean, it's important that people understand they can be bailed in, but you don't want a huge run on the institution. But they I mean, they're going to be. That's
• 2:18
  Speaker 2: The FDIC currently has less than $200,000,000,000 in assets to insure over 9,000,000,000,000. That's just 1.3%. They know that a system collapse is coming, and they are already planning for bail ins. As trust begins to fail, the people will begin to withdraw their funds, which will only guarantee a banking collapse. This is known as a bank run.
• 2:45
  In 02/2012, the International Monetary Fund, known for their reputation of coercion, violence, and extortion, published staff discussion notes entitled From Bailout to Bail In: Mandatory Debt Restructuring of Systemic Financial Institutions. After the two thousand eight crisis, the world learned what a bailout is, trillions of taxpayer dollars printed out of thin air to pay off the bankers' bad habits. It was hugely unpopular but pales in comparison to a bail in. So what exactly is a bail in? It is officially obfuscated with elaborate equations.
• 3:27
  But to put it simply, it is when the bank steals your money directly from your account. They called it haircuts when they did it in Cyprus back in 02/2013, which the courts later ruled was legit. And a recent video on TikTok shows that the new bail ins may have already begun.
• 3:46
  Speaker 5: So I'm a Bank of America, and everybody's missing money. I'm also missing money over $1,300, and they're telling me to call customer service.
• 3:54
  Seth Holehouse: And they keep hanging up
• 3:55
  Speaker 5: on keep hanging up on people. This is another person here. He's also missing money. So we're trying to see what's going on. Money's missing today, and we need our money.
• 4:04
  And they're already telling us to call customer service. And customer service ain't doing nothing about it. So just a heads up. If anybody's experiencing this, please let us know because this is not right. I'm missing $1,400 from my account, and they're telling me that there's no way they can help us.
• 4:18
  This guy's missing money too. This other person is missing money too. And he's you missing money too? There you go. So this is not something that's just one person.
• 4:26
  This is everybody's happening to them, and this is crazy. This is very crazy. Yes. Bank of America decided to take people's money without their consent, and we're asking what's going on, and they're giving us a runaround. Everybody for the same thing, ma'am.
• 4:39
  Same thing.
• 4:42
  Seth Holehouse: So Kirk, as usual, it is so good to see you. How are you doing?
• 4:46
  Speaker 6: Oh, it's great to see you too. I'm doing well.
• 4:50
  Seth Holehouse: Good. Yeah, you always seem to have a good smile on your face. So you and I were talking before the show about what could best be described as strange things happening with our money supply. So, I know you have a few different images and charts for me to pull up. So, I'll let you guide on where you want to start with this discussion.
• 5:09
  Speaker 6: Yeah, so first let's look at the usdebtclock.org. You know, a lot of your viewers probably go to this site often, and all they ever look at is the very top left, the national debt, right? Because it's like spinning out of control. But there's so much meat on this site if you dig in deep to it. So it talks about the taxes, the taxes per person, it talks about how much expenditures we have, what our gross domestic product is, all of that stuff.
• 5:39
  But there's a very if you go to the very right down here, there's a very some interesting things about halfway down the dollar to silver ratio, the dollar to gold ratio, even the dollar to oil ratio. Right. Starting in like on January 1, I was noticing this and it was showing zero. It's like zero. It's like, okay, database glitch.
• 5:59
  Somebody didn't type in the right stuff into the right column. Right? But then that went on for a week and it went on for two weeks and it never changed. And I'm thinking, what gives? Because I remember so last let's see.
• 6:13
  It was just December 31 because I looked. I mean, this is like these are things I look at all the time. The end of twenty twenty two, silver was at $497 an ounce and gold was like at 30 little over 3,000. And a year ago, January a year ago, what this number showed was silver at 2,900 and gold at 21,000.
• 6:37
  Seth Holehouse: So wait, just to understand, so this is showing the, like, what you're talking about, the dollar to silver ratio meaning, like, what's that mean in layman terms? Because obviously it's not saying this is the price of silver per ounce, right? What's that measurement showing us?
• 6:55
  Speaker 6: It's what it should be. Right? So so what this page shows us is what the price should be. Right? Because when you have an increase in the money supply over time and the number of ounces that are actually coming out of the ground, it's it says, okay.
• 7:11
  With the number of dollars floating around out there that they just keep printing like there's no tomorrow versus the number of ounces that the miners are pulling out of the ground, silver on on December should have been $497 an ounce, but he but a year ago, it should have been $2,900 an ounce. That just shows you how undervalued the assets are, how much of an amazing buying opportunity it is. You know, with all the money in circulation just floating out there, just printing like there's no tomorrow, gold should have been $21,000 an ounce, you know, a year ago, but but it wasn't. It was like 1,700 or 1,600 or whatever it was. Right?
• 7:52
  But here's where it starts to get really, really interesting because when it went to zero and I thought it was a database glitch, it's like, okay, not a database glitch because when you look at how it's measured, you know, you just click on the little asterisk next to it, and it says the the dollar to silver ratio is basically the year over year increase in the m two money supply divided by the yearly world production of silver. So what is the M2 money supply? M2 money supply is checking accounts, savings accounts, CDs, and money markets. It's basically everything that we have that's liquid. That's M2.
• 8:36
  Okay. Short term, you know, short duration to immediate duration money. It's liquid. So if it's zero, you can't divide anything by zero because it'll give you a zero. Right?
• 8:50
  So what does that tell me? Tells me this wasn't a database glitch. The money supply is shrinking. Looks like, doctor Kirk, how could the money supply be shrinking? You keep telling everybody that they're printing money like there's no tomorrow to fund every stimulus program under the sun, to raise the debt ceiling, to pay for, you know, pay people to stay home.
• 9:11
  We have Social Security, Medicare, Medicaid, all this stuff. Oh, and, with what's happening with the kind of elimination of the petrodollar, there's no foreign capital inflow coming in, so they're forced to print even more. It's like, Eric, you keep talking about how they're printing money. Yes, That's MZM, money supply, not M two. Right?
• 9:31
  M two is what we have liquid in the banks that people can spend. They stopped measuring the big broad based money supply in the end of twenty twenty one. Why? Because they didn't want the world to see how much money was being printed. They just stopped measuring it.
• 9:49
  Because if you go to the St. Louis Fed, which is the Federal Reserve Bank that measures this, it says data not available after 2021. Interesting. They stopped measuring.
• 10:00
  Seth Holehouse: So, am I correct in understanding that zero is is so strange because let's just say that a they found a new silver mine and they pulled out, you know, hundreds of thousands of ounces of silver or millions or whatever that, whatever that number is and say the amount of silver on earth, you know, doubled or tripled, then even if it went up by say 10 times, all that would do because if they're dividing the money supply divided by the silver, that would just give you a lower number, right? So instead of say $500 maybe it would go down to $10 or something which would show you that, oh, okay, there's a lot of silver supply right now and that's why the silver to dollar ratio is so, so low. On the other side, let's just say that some of the major mines dried up and they couldn't pull any more silver out and let's just say that, you know, Elon Musk, for instance, started, you know, taking a bunch of silver, putting it into a new production of some Teslas or something like that, then you would see that go up to 500, a thousand dollars, etc.
• 11:02
  Because it's measuring that. And so like there wouldn't be there's only one scenario that would cause that to be a zero, right? Which is either there's zero silver or zero money. Like that's the only way that you could actually get a zero coming out as that number. Is that am I correct in understanding that?
• 11:23
  Speaker 6: Very, very close. So the the the year over year increase in M2 money supply divided by the world's production of silver. So to get those high numbers that we saw before, you have to have a really high growth of the money supply or, you know, low number of ounces coming out to get zero. The only way to get zero is to have a shrinking money supply. The only way that that can happen.
• 11:48
  So I started thinking it's like, man, how can money supply be decreasing when they're printing money like there's no tomorrow? Because they measure M2. That's just what people have. So what the Fed is doing is just downright evil, right? Because they're printing tons of money, which is why we have inflation.
• 12:04
  They're flooding the global markets with all this money, but yet they're pulling money out. So people don't have it to spend. Because when you look at the M2 money supply at the St. Louis Fed, it's down half a trillion dollars in the last few months, half a trillion. So why are they pulling all this money out?
• 12:25
  We have to start asking these questions of why. Well, you look at Davos. Right? You look at what happened in Davos last week. New system, they're bringing new currency, central bank digital currencies are coming, and it's gonna be the new digital version.
• 12:39
  To do that, you need to start eliminating paper money. So this is exactly what they're doing. They're now this is my theory, right? It's like this is why I think that they're reducing the money supply is to prepare us for central bank digital currency because you have to get paper money out of the system for people to accept a digital currency. It's leaving in droves.
• 13:02
  Half a trillion dollars has disappeared, which on on US debt clock, this is how I figured it out because anything, you know, oil production, silver production, gold production, ounces coming out of the ground, they can't be zero unless the money supply is shrinking.
• 13:19
  Seth Holehouse: You think so? So do you think that that's actually one of the reasons why they're also making it really difficult to pull cash out of the bank? Because I'm I'm seeing stories like that all over the place where people are saying like, have a heart, you know, they're saying I went to the bank to pull out $2,000 in cash and they made it really, really difficult. Sorry about that. I'll just call and cut that out.
• 13:48
  I'm not sure why that's ringing over there. Anyway. So I've heard stories of people that are going to the banks that say pulling out $2,000 and the banks make it really, really difficult. And part of me was thinking, okay, maybe because they're just, you know, they're getting moving us closer to that central bank digital currency and they're, you know, they don't want cash out of the, you know, bank's control. But this is a whole other way of looking at it and saying actually they're working on really limiting and limiting and limited trying to get rid of the actual paper money itself.
• 14:20
  So is that, this is very interesting.
• 14:25
  Speaker 6: I think they're related. And so even with that, so stay on that line of thought because this is a very good conversation here because you go back to last year, summer of last year, right in the throes of COVID and going back even twelve months before that, the Fed did two big things to strip cash out of the system. First, they did what's called the reverse repo mechanism and operation where where they gave banks worthless US treasuries, and what they did is they pulled cash out. 2,500,000,000,000 worth of cash is what that mechanism pulled out. And anybody can Google it that's watching the show, go to reverse repo mechanism of the Fed, and you'll see the numbers are exploding.
• 15:11
  They're just going through the roof. So why would you pull cash out of the system during COVID when people needed money? Well, they're preparing for something, right? So the second thing that they did is they changed the reserve requirement to zero. It used to be 10%.
• 15:28
  So they did this last year, last summer. So what does that mean? It means that banks by default don't have to have any cash on hand. Now, said that their rationale to do that, which is what their rationale has always been, if you can lend out everything, you can try to stimulate the economy. That's why they said they needed
• 15:48
  Seth Holehouse: to It's always for our own good that they're doing these things, right?
• 15:51
  Speaker 6: Yeah, it's always for a good reason, right? But, but yet, so banks are at zero reserve requirement, meaning they don't have to have any money on hand. They took $2,500,000,000,000 out of the system. Now, as of a couple of weeks ago, you're seeing people trying to get money out of their bank accounts at Bank of America. It's not there.
• 16:10
  Right? And so so now we're seeing the money supply decreasing. It's like everything is pointing towards not letting people have cash. You add all three of those stories together, plus the news that people can't pull money out of their Bank of America checking accounts. Right.
• 16:26
  Speaker 7: There's some
• 16:27
  Speaker 6: kind of a glitch, right? It's not necessarily a glitch when it's more than one person. You've got all kinds of people at one branch and then you're seeing stories, oh, it's at other branches too. The money just is not there. So, and from personal experience, what do we do as a company?
• 16:43
  We receive money, we purchase precious metals, and and we send it to them. Right? So a year ago, when somebody would wire us the funds, this is the mechanism that most people use to pay her. They cut us a personal check. People just bring the wiring instructions into their teller.
• 16:58
  They would wire the funds. We get it. We buy the metals. No questions asked. Easy cheesy.
• 17:03
  About six months ago, that all started to change, and people started to get read the Riot Act. It's like, what are you doing? Why are you pulling money out of the bank? Who is it going to? Maybe we should do an investigation to see if it's fraud.
• 17:19
  By the way, we have been your wise stewards of all of your money for these years. Why would you wanna pull it out of the bank? Right? It's like, they don't they're not, you know, concerned about their clients. They could care less if it's fraud.
• 17:32
  They're making it up. Right? They've been getting messages from the top brass, keep money in house at all costs. Do not send it out. Right?
• 17:39
  Because they probably don't have it on hand. So what we've been seeing as funds come in more and more and more, I mean, this happens a dozen times a week as we receive wires. Sometimes the banks don't even send the wire. Sometimes they hold it. Sometimes they strike fear into the clients to make them not want to send it.
• 17:59
  Then the clients just say, I'm just not going to simply send the wire. I'll just cut you a check. It's like, great. Avoid the bankers altogether. Just send us a check.
• 18:08
  We'll cash it when it gets here and we'll get you your metals. Right. But they're getting heat from the bankers saying, what's this going to be used for? It's like none of your business. It's like, what?
• 18:19
  So you're getting all of this kind of weird stuff going on up to the point of twice in the last three weeks, we've had clients that wanted to send more wires in for more precious metals. The banks wouldn't even send the wires. For some strange reason, they wouldn't send it. It's like since when is it their money and not the client's money? Right?
• 18:42
  Well, since they don't have a lot of money on hand. So another way to think about it is, have you ever written it or let's say you got a check from a family member, from your sister or something like that. Right? And when you get it said bank deposits or we got to hold it for ten days.
• 18:58
  Seth Holehouse: Yeah.
• 19:00
  Speaker 6: In an electronic world, they can tell in a fraction of a second if there's money in the other customer's account. They could tell if your sister had money in her account within a fraction of a second. So why do they hold it for ten days? Because they're floating the money. They don't want to have to get an interbank loan from the Fed, which costs them money because they don't have the money on hand to give you to fund that check.
• 19:27
  Right? It's just so. So what they do is they hold it. They keep holding people's money ten days, ten days, ten days, fourteen days, depending on the size of the check, when they know in a fraction of a second if the funds are there or not. But yet when they do this and they play this game, basically they don't have to get an interbank loan from the Fed, which costs them money.
• 19:46
  So these are the mechanisms that banks play, and they're playing games with your money to the point now where everything that we are talking about, whether it's withholding people's wires, holding people's checks for unreasonable amounts of time when they know the funds are there, the Fed taking 2 and a half trillion dollars out of the system, 0% reserve requirement. Now the M2 money supply is coming down. They're pulling money and cash out of the system, and I believe full well, Seth, this is in preparation to get cash out so they can move to a digital currency. It's the only thing that makes sense to me.
• 20:25
  Seth Holehouse: And that's, that's just insane to think about that this is the method they're using. I guess it makes sense. Like, you know, it's, you know, OCAM's razor, right? It's like, well, that's the most logical. That's the shortest point from A to B.
• 20:40
  And so that's so basically, so you, you know, kind of based upon your research and how you've pieced together the story, they're taking, you know, at any given point we have all this money floating around, right? And they're taking that and shrinking it and shrinking it and shrinking even though they're printing more money, but that money is not going to the consumer. It's may go into the to the banks or to the military industrial complex or going to Ukraine and back in the politicians pockets through FTX or whatever it is. So there's they're putting all this money, but actually at the same time, they're simultaneously shrinking the money supply. So what do you think it like what do you think it looks like?
• 21:21
  What's the end? Like what's that trigger event? Because obviously you're saying that you believe this is leading towards the central bank digital currency, but does it get to a point where people go to the bank and they're just like, we can no longer give you any money? We we can like, say you go to the bank and you want to get, you know, $500 out, you know, to pay, you know, for something, whatever, that well, they just say, sorry, like, you know, we we can no longer give you money. I mean, what's what's it look like when that that that kind of inflection point hits?
• 21:52
  Speaker 6: Well, that's that's D Day for people's pocketbooks. Right? Because if that happens, then the meeting that was caught on video of the FDIC officials saying the public can't know about this. Public can't know about this. What can't the public know about?
• 22:09
  Publics did they didn't want the public to know that the FDIC, the insurance on your bank accounts only is covered 1.38% of all deposits. Well, people think that they have $250,000 per account coverage. No. They've got 1.38% of all deposits insured. So people find out about that, that would be a run on the banks.
• 22:30
  People would say, I gotta get my money out. My bank's not my money isn't safe there. Well, there's no money on hand. It doesn't take too much to have a run on the banks. So so it's like, one is the the spark?
• 22:44
  Right? Is it the fact that people might find out that there's not enough insurance coverage on their accounts? Right? Or is or is the FDIC scared about something else that there's actually no money there and it could be something else that triggers it? Too many people needing money, cash on hand to pay bills or anything.
• 23:02
  Right? It could be anything.
• 23:03
  Seth Holehouse: So it's almost like in a way, it's like musical chairs. And say there's a hundred people, right? And so, if they can only cut, know, they only have enough, the FDIC can only cover, you know, what, one you say 1.38%? That the 1.38%. Okay.
• 23:17
  So, basically, let's just say one out of a hundred people would hypothetically get that money. Like that's all that there is. So it's like you have a hundred people and there's one chair. And so all the, you know, all of us that have the money sitting in a savings account or any of these different accounts, it's like when the music stops, it's the equivalent of only one person gets that chair. But the crazy thing is, is that you have the FDIC coming and their banks saying, oh, don't worry everybody, we have a hundred chairs.
• 23:44
  And so when the music stops, everyone gets a chair. Right? And you're like, oh, okay, we're fine. But actually they're lying to us and they only have one chair for those hundred people. And so 99% of that money supply just evaporates when that happens, roughly.
• 23:58
  Mean, that's, gosh, is crazy.
• 24:01
  Speaker 6: So what is that? How does that play out? Right? It's like, does the first guy in line get all of their money and nobody else does? Do they come up with some kind of prorated amount where everybody gets $1 for every hundred that's invested?
• 24:15
  Do they just go to the printing press and print money like there's no tomorrow to try to print their way out of it? Probably. But then that causes so much inflation that nobody will be able to afford to live because there's $9,000,000,000,000 of assets in the banking system, checking, savings, money market, CDs. The the FDIC only has a hundred and 25,000,000,000 covering 9,000,000,000,000. That's 1.38%.
• 24:41
  That means it would be the mother of all stimulus programs. Right? $9,000,000,000,000. I mean, the most we've ever seen is like 1,700,000,000,000.0. I mean, this would devastate the economy.
• 24:53
  People think we have inflation now. People think that even without that that the price of eggs are kind of expensive when they went from, like, a a buck 99 for a dozen or a dollar 29 up to over $7 for the cheapest Walmart eggs that you can find. I'm not even talking about range free ones. I'm not talking about the double XL ones, the real big ones or the organic ones or whatever. We're talking about the cheapest, smallest dozen eggs you can find over $7 for a dozen when literally a year ago they were like a buck 29.
• 25:29
  It's like this is without the mother of all stimuluses that would have to happen if there's a run on the banks because they would have to print probably 5 to $9,000,000,000,000 to bail out the banking system.
• 25:43
  Seth Holehouse: Which would just destroy the dollar.
• 25:44
  Speaker 6: What about the insurance industry? Right? What about all the pensions that would go under or under the rising interest rates that would have to have to actually slow down the inflation. And most insurance companies, Seth, are 90 to a % allocated into bonds. When interest rates go up, the value of bonds comes down.
• 26:05
  So what's the nature of an insurance company? To pay beneficiaries when somebody dies, So they would have to be selling assets that are sinking like a rock thrown into the ocean as interest rates rise, the value of their bonds comes down. Now you'd have to have a bailout of the insurance industry. See, this is a domino effect that I think that they are so afraid of. What else is the bigger domino?
• 26:27
  Like, the biggest domino of all? The derivatives debt. Most of these banks, JPMorgan Chase, Bank of America, Citi, Wells Fargo, have well over $30,000,000,000,000 in in derivatives per bank. This is more than The US national debt for the entire company per bank. So when you get a bond implosion, when you get a debt implosion, when you get a run on the banks and there's no money out there, you you see a derivatives debt explosion, and you see something that happens that we've never seen before in the history of the world, and that is not enough money to pay for anything.
• 27:05
  Right? So this is the weird I mean, how could I make that stretch going from a run on the banks to that? Because they're all connected. When banks run out of money and people realize they can't get access to what should be the safest asset that they have, their checking account, well,
• 27:25
  Speaker 8: they
• 27:25
  Speaker 6: they will try to get it out, and they will try to get it out in mass, and there's gonna be a run. Like like during Christmas time, you know, in in the past when there's, like, the super hot toy, cabbage patch dolls or whatever they are. Right? People will flock to the stores. There'll be people fighting to get the last one on the shelves.
• 27:42
  I mean, that's for a dumb toy. Imagine what it's gonna be to try to get to the bank for your money. This is wild stuff. I mean and this is all because of public policy. This is because of bad monetary and fiscal policy that's gone on for for decades.
• 28:00
  This isn't just because of Biden administration. This has been going on long before him. Now he accelerated rapidly. Right? But but this is something that we have to pay the piper now.
• 28:14
  Right? And I think we're the generation that's living where we are going to see the piper paid because now when when Klaus Schwab says that 2023 is gonna be the year of poly crisis at Davos last week, this is what the spark you asked what the spark is gonna be. We don't know what the exact spark is going be, but I don't know. I didn't know what the word poly crisis meant, but I know how to put a compound word together. Poly means many crisis means crisis.
• 28:44
  So many crisis all at once. Right? So so this is where they are planning this stuff. I mean, this is the weirdest thing, and they're bragging about it. It's like a Christian missionary goes out and they brag about their faith.
• 28:58
  They're evangelists for their faith. To the globalist, this is their religion. They're bragging about it. Even a year or two ago, like at Davos meetings, would be kind of cloaked in the shadows, they'd be using secret words and psycho, not really saying some what they were really meaning. Right?
• 29:14
  Not anymore. They're saying, yeah, we're gonna bring a new system. It's probably it's gonna come this year. We're gonna have multiple crisis hit, and at the same time, this is gonna be programmable money. We have the ability to shut off your buying or selling.
• 29:26
  Exact words coming from Doctor. Pippa Malmgren, their their economist, globalist, you know, spokesperson, and everything else that they're saying. They're not hiding in the shadows. That's not cloaked in anything. They're bragging about it.
• 29:40
  This is what's coming. We told you that it's coming, and it's here, and we're proud about it. That's what they're saying. So therefore, we need to identify, adapt, get out of the system, invest into something that will thrive during that kind of chaos. Well, that's where silver comes into play.
• 29:59
  Right? This is why we are shouting it from the rooftops like like there's no tomorrow to anybody that will listen because I want people to protect and preserve everything they've worked their whole life to accumulate. We can't stop this juggernaut that's happening. We will have central bank digital currency. We absolutely will.
• 30:19
  But here's the thing that comes next. Once we get it, it's up to us then if we're going to keep it. Right, because people in mass could say, we don't want this. You could have evangelicals and Catholics that say, this is the mark of the beast. I'm not taking it.
• 30:35
  You're going to have libertarians that say, this is this is complete loss of freedom and privacy. We're not playing in this sandbox. And you're gonna have every every pot buying person here in the in the pot capital of the world, Denver, that goes to a dispensary that's on every single corner that used to pay for their pot and cash saying, now it's all going to be trackable. There's no longer private, and I don't think I want this. Right?
• 31:00
  Every I don't care what your religious background is, but your social background is, what your ideology is. When this comes, people are not going to like what they get. Right? And so this is where you're gonna have alternative currency systems that start to reestablish themselves almost overnight or establish themselves, period. Right?
• 31:18
  A gold backed dollar, quantum financial system, some kind of cryptocurrency, silver for barter, and then it's up to us which one gains the most traction, which one gains the most momentum. And if central bank digital currency is it, shame on us. Right? Because we didn't change. But here's where just because we get it, I don't want people to be stricken with fear, we are going to get it.
• 31:43
  We are going to have central bank digital currency when 90% of the central banks around the world are doing it. We will have it, But is that what is going to be used and adapted to and the new norm moving forward? That part is up to us.
• 31:58
  Seth Holehouse: Yeah. Yeah. Not for me. Not for me. This is why Not
• 32:02
  Speaker 6: for me either.
• 32:03
  Seth Holehouse: You know, I mean, as we as we progress, this is why I'm such a big fan of silver and gold, especially silver right now because of the ratios and the upside because I'm thinking of this this way. It's like, okay, I could have $5,000 sitting in my savings account and there's like, it's almost like that $5,000 is under attack from every angle. You've got inflation, so maybe, you know, you've got maybe a year from now that 5,000 is only worth 3,000, right? Because of the value that are dropping, you have the fact that you know, if say I need that money really bad at some point, I may not be able to go and even take that money because the banks are over leveraged. So there's all these threats versus looking at, okay, taking that $5,000 and say having it in silver, okay, it's it's sitting in my my own, you know, my own possession and actually looking at the trends of it by say the following year, say that $5,000 in US dollars sitting in the bank account is only worth 3,000 in terms of actual buying power because of you know, hyperinflation inflation, that silver is probably going to be worth 7 or 8,000 or even 10,000, right?
• 33:11
  And that's the thing is that, you know, buying buying silver, it's it's convertible. It's convertible to the dollar if you need it to be. It's convertible for food. I mean, so it's not like you're you're buying, you know, say some fancy new toy or like a jet ski where you sink, you know, all this money into it and you're lucky to get rid of it. Actually, flip it's the opposite on silver.
• 33:35
  So, you know, for the folks that are watching, you know, it maybe you've been on the fence, maybe you considering, you know, taking the plunge into, you know, precious metals. Honestly, I think that what the window is closing. And I I'm I'm saying this, I know you're saying this because I care about the people that I think are the patriots that need to be standing up for what's good and true in this country. I want us to be healthy and be strong financially, because that's our freedom right there. That means that we're not going to have to buy into that mark of the beast system.
• 34:07
  Know, that means we're going to have, you know, the ability to, you know, create those parallel economies. And so for those of you that are watching, now is not the time to put our heads in the sand. We have to take action. And so I, you know, again, I highly recommend Kirk Elliott. And so open up a new tab right now and go to goldwithseth.com.
• 34:28
  And this takes you to this page right here on Kirk Elliott's. This is his site. You know, there's a video and some introduction information. You scroll down to the bottom there, fill out this form, right? It's easy, it's quick, it's free, and you're gonna get a free consultation with someone on Kirk's team.
• 34:45
  They're all amazing people, they really know what they're talking about, and they're not just financial advisors that just give you the advice of I'll put your money into this stock because they get a kickback on that stock. They're really looking at this, okay, how can we help secure your financial future? So again, that's goldwithseth.com or just give them a call. The phone number is (720) 605-3900. So again, (720) 605-3900.
• 35:13
  And Kirk, I just, I thank you as usual for being back on the show and I it's crazy because, know, I feel like that it's almost weekly that, know, weekly or biweekly we're doing shows, there's always such critical information to talk about because this is there's in my opinion, the state of our dollar and our currency system and the Western financial system, it's the biggest elephant in the room. And they're not covering it on Fox News or any other place. So I'm glad that people that are watching are tuning in because this is such important information. I thank you for bringing it to us.
• 35:47
  Speaker 6: Oh, it's my pleasure and always my pleasure. And we're here to help. So give us a jingle. Thanks, Seth, and we'll be with you again next week.
• 35:57
  Seth Holehouse: Alright. Take care, everybody.