Latest / Man in America Podcast / HUGE: Major Central Bank Admits It's Preparing for New Gold Standard — Kirk Elliott Interview

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HUGE: Major Central Bank Admits It's Preparing for New Gold Standard — Kirk Elliott Interview · Man in America Podcast

• 0:03
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holhouse. First off, let me give you a very, very warm, happy Thanksgiving. This I'm not sure exactly when the show will publish, but be around Thanksgiving weekend. I hope that you are with your friends and your family and focusing on all of the beautiful, wonderful things that we have in our lives.
• 0:26
  And I know that we live in a Banana Republic country. We've got a communist coup, and they're they're trying to kill us. All kinds of crazy things that are happening. But here I am. I can breathe.
• 0:39
  I'm alive. I've got a beautiful daughter. I've got another one on the way, a beautiful wife. I've got so many countless blessings. I've got family.
• 0:46
  There's just so much to be thankful for. And so I hope that, you know, for you, this this time of the year that instead of focusing on a lot of the black pill type stuff, you can focus on some of the beautiful things that we still have in our lives. So just want to get that quick message out for you. So anyway, today's show, this is an interview with my good friend Doctor. Kirk Elliott.
• 1:06
  And it's actually really interesting. Because shortly, within the past day or so, an article came out talking about how the Dutch Central Bank, so which is one of the key European central banks has basically announced though not in a direct way is through an interview of one of the very high up folks at their bank, that they are planning for a return to a gold standard. And so that's why they've been amassing gold. And we know that we've been talking a lot about this and showing that a lot of these central banks around the world and countries have been amassing large amounts of physical gold. Now we know that there's the preparations of the BRICS countries and maybe having them launching a new reserve currency that's gold backed.
• 1:53
  But this is really, really significant because these are the conversations that we have in a speculative manner, like, hey, maybe this will happen. But when you have a key high level figure at one of the major European central banks coming out talking about this, and talking about what happens to gold amidst the financial collapse, even alluding to a lot of these things that we're talking about, it's pretty significant. So before we jump in the interview, folks, just a reminder that every show that I do is also done as a podcast. So if you wanna listen instead of watch, just go to your favorite podcast app, Apple Podcasts, Spotify, you know, whatever you you use, Podbean, search for man in America and subscribe on there. And if you really wanna make my day, leave a review.
• 2:36
  So how the podcasts work, the more positive five star reviews you have, the better chance you have being recommended to new listeners. So with all the censorship from places like YouTube and Facebook and shadow banning that I'm experiencing, that little five star review, take a minute to do it, really, really helps me to reach new people. Alright, folks. Enjoy this interview with my good friend, doctor Kirk Elliott. Kirk, it's good to have you back on, man.
• 2:58
  How are you doing?
• 2:59
  Speaker 2: I'm doing great. It's great to be with you and happy Thanksgiving week.
• 3:04
  Seth Holehouse: Yeah. Yeah. Thank you. It's a it's it's a very welcome holiday for us. I got family coming in town, and and we're gonna be eating a lot of food, and it's nice.
• 3:14
  And there's actually there's a lot to be thankful for. There really is.
• 3:17
  Speaker 2: We we do. I just had a team meeting with our team, and it's like, you know, no matter we talk to a lot of people, like, hundreds of people every single day in this office, if not more. And, you know, as good as we have it or as bad as we think we have it, there's always somebody else who's got it worse. Right? And there is a lot to be thankful for when even in a country where our freedoms are eroding, people are afraid for their financial future, it's like we still have a god that's in control.
• 3:47
  We still have a god that loves us. It's full of grace and mercy and gives us creative ideas, and we have a community of people around us who love us and think the same. And and there's a ton to be thankful for. There just really is.
• 4:02
  Seth Holehouse: There is. There is. So speaking of tons, getting into sorry. That's my my my poor dad joke there. Pardon the pun.
• 4:13
  Anyway, so there's this article that came out. It's funny because, you know, before we started, you know, the show, you and I both almost said, know, sentenced each other and said, look, this is what we want to talk about. And it's interesting because, you know, we've talked a lot about the role of gold in the international financial markets, you know, especially as it relates to BRICS, you know, in a new gold standard, you come out with a BRICS or a gold backed currency with BRICS. But this article came out on zero hedge. This is just today.
• 4:43
  Dutch Central Bank admits it has prepared for a new gold standard. So and I'll read this the first first paragraph here, then then I'll let you kind of explain this. And then I there's the interview at the end of the article, which I can go read a few snippets from it. Basically, the I think that the director of finance for the Dutch National Bank, which is their central bank that gave this interview recently, which I'll kind of read this. He says in a recent interview, the Dutch Central Bank shares it has equalized its gold reserves relative to GDP to other countries in the Eurozone outside of Europe.
• 5:17
  This has been a political decision. If there's a financial crisis, the gold price will skyrocket and official, pardon me, sorry, will skyrocket and official gold reserves can be used to underpin a new gold standard according to this national bank, the DMV. So I can kinda scroll through, but walk us through what this means because my guess is that these central banks are acting in coordination. And so if one central bank, if they've whether purposefully or accidentally revealed this information, that seems like a pretty significant shift. Right?
• 5:57
  Speaker 2: We've been talking about this for for quite some time. Months, actually, about how there's this move for central banks that are amassing gold, not by the ounce or by the pound or by the ton or by the tens of tons, but by the hundreds and thousands of tons. I mean, literally, it's a it's a lot of gold. Right? So to what end?
• 6:20
  Because if you listen to the mainstream media rhetoric, what are they saying? It's like, oh, gold is an ancient relic. It's stupid. You don't wanna buy it. Right?
• 6:30
  It's like, we have central bank digital currency. It's really cool and blah blah blah. Well, yet at the same time, they're buying gold by the thousands or hundreds of tons. So what I'd always wanna tell people is don't listen to what they say. Watch what they do because that's always a more valid response and a valid answer and more truthful and accurate.
• 6:52
  Right? So China, for example, has estimated over 5,000 tons of gold. The European Central Bank has over 10,000 tons of gold. The Federal Reserve has over 8,500 tons of gold. Now over the last year, Kazakhstan, Uzbekistan, Turkey, a lot of these countries, you know, being admitted into the BRICS nations buying hundreds of tons of gold.
• 7:22
  Right? It's like, wow. That's a lot. And and to what end? I thought gold was an ancient relic and worthless and stupid.
• 7:28
  Right? No. Not so much. Right? Because the news that came out even just earlier this morning on this that article from the Dutch Central Bank, they basically almost, for for layman's terms, spilled the beans on what they've been planning for a long time, and that is they are looking for an international gold standard, currencies backed by gold, and they're ready for it.
• 7:56
  I mean, that's basically if you outline that that article, it's like, they're this is what they're preparing for. They've been they're ready for it, but it can't just be one country that does it. It has to be international coordination across the board because if one country has too little, well, that brings in arbitrage issues, and it's not. So they want central banks around the globe to amass gold, not at the same rate, but but in basically prorated amounts based on the size of their economies for this new system to work, which is why I believe you're seeing countries like Iran, Kazakhstan, Uzbekistan, Turkey, China, Japan, United Arab Emirates, the European Union, the Federal Reserve, all amassing tons of gold at a at a unseen level ever before. I mean, this is this is amazing what we're seeing.
• 8:57
  And to me, that points to they are wanting to back a currency with gold underneath the new monetary standard that's being put into place.
• 9:06
  Seth Holehouse: And so what's interesting with this is that, I mean, from my perspective, when I think about the central banks, I put them in the same category as the World Economic Forum or the the UN or I think of them as the enemy in many ways, is because I think that they've been very complicit in using your currency to control the world, you know, that all worlds wars are bankers wars, right? And one of the recent videos going around talking about that. And I absolutely agree. So but you never see never really see any of these kind of aspects or any of these spokespersons or people that represent, I think, some of the direction or the directives of the cabal or the deep state, whatever you call them, then they're never encouraging people to buy gold, right? You do if you turn on CNBC or any of these mainstream, they're always pushing it into the stock market or, you know, if that's not doing great in the bonds or in treasuries or they're they're never coming out and talking about gold as if it is, I think, in any way that's that's real.
• 10:16
  And so I want to I'll pull up that interview or this this article again, because there's a few points I just wanted to read from the transcript of this from this guy. So this is the interview with a guy named Erd Houben. I probably mispronounced that, but he's the director of financial markets for the Dutch National Bank. And so this is like a very key person at a very key central bank. And so does some of the things that he's said in here.
• 10:41
  I just want to read a few bits of these, and then I'll pass it back over because I really want to get your thoughts. So she's, know, the interviewer is asking him these different questions. And let's see here. So she okay. The interviewer says at one point, she says since the nineteen seventies, gold had no real war role in the monetary system, but we and other countries had substantial reserves.
• 11:05
  I'm guessing she's also Dutch and referring to, you know, the country. And he responded and said the beauty of gold is that it's stable in value. It retains its value. That's one of the reasons why central banks hold gold. Gold has intrinsic value unlike a dollar or any other currency, let alone Bitcoin.
• 11:22
  Gold has value on its own. It's a fungible product. It's a liquid product. You can buy and sell it almost anywhere in the world. So it's really an outstanding commodity to base a gold standard on an exchange rate system or a gold standard on.
• 11:38
  But something else that's very important here that I wanna highlight that he says, and this is something that no one ever really mentions from that class or that level. She's she's the the reporter asked, could you so you could also say it's a kind of insurance. For example, if the financial system collapses or whatever, shouldn't you have a lot more? And he responds and says, you could think that I think it's more than enough because if everything collapses, then the value of those gold reserves shoots up, it skyrockets. And that's a very interesting point because, you know, they talk about potential recession.
• 12:17
  You know, we know that stock market collapses or financial collapses, they happen. Look at 02/2008, '2 thousand and '9, you go back through history, it's it's a common cyclical thing. Here you have someone really representing the central one of the know, big European central banks saying, yes, if there's financial collapse, even holding some gold makes a big deal because the value skyrockets. And you'll never hear that. Because if someone if Sage Kramer went on on TV and told people, hey, just in case folks, if things really hit the fan, your gold's gonna skyrocket, you see that a much larger portion of the American population would actually be holding physical gold or or silver, you know, likewise.
• 12:58
  So what are you what are your thoughts on that? Why do you think he's talking? What's the significance of a central bank admitting that?
• 13:06
  Speaker 2: So here's where people have kind of naysayers have told me for years. It's like, Kirk, you could never back a global currency with gold. There's not enough of it. It's like, really? Alright.
• 13:18
  So at current price level, sure. That if you add up all the gold ounces in the world, it doesn't come close to equaling all the currency available in the world. But, technically, think about this. You could back all the currency in the world with one ounce of gold if you value that gold at, like, $250,000,000,000,000 an ounce. Right?
• 13:42
  I mean, it's all a function of what are you going to value the gold at. And if it backs the currency and there's a finite number of ounces and currency base can continue to grow with as the economy grows, well, then the price just goes up. So at today's price level, sure. There's there's not enough gold to actually back the entire global currency base. Right?
• 14:06
  However, that's a faulty way of thinking about it. I mean, just to back the US dollar, gold would probably have to be 15 plus thousand dollars an ounce. Imagine what it would be for a global currency. So don't get caught in the trap of thinking there's not enough ounces of gold in the world to back a global currency. There is because you could do it with one ounce.
• 14:28
  All you'd have to do is change the price of the of the asset that's backing it. This is where this is so exciting to me, this whole conversation of what is happening with the Dutch Central Bank spilling the beans that they're ready to back a currency with gold, that means price of gold is bound to go up, and it's bound to go up a lot. Right? Because they if even if you were to just back the US dollar with it, the price would have to go up five times or 10 times what it is now. But a global currency base, even more.
• 15:03
  Right? So this is where when you own the asset that's going to back a currency, whether it's a national currency or a global currency, the price is bound to go up. Because for an economy to grow, you have to expand the currency base.
• 15:20
  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?
• 15:33
  Just one person. 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.
• 15:46
  Thank you so much.
• 15:48
  Speaker 2: Seth, to kind of put it into a a bottom line, you know, basis, if they back the currency with gold, which is what the Dutch announcement is saying, and this is what we've been saying for a long time that central banks are gearing up for this. When you own the asset that's going to back the currency, it's gonna be perpetual growth moving forward because there's a finite number of ounces that's ever been mined, the number of currency units available is not finite. If an economy is going to grow, then so does that currency base, which means the finite number of ounces backing that currency is just gonna have to go up in price. This is what's exciting to me and why we're doing what we're doing. But it's like, well, Curt, why wouldn't you just invest in gold now?
• 16:34
  You're investing into silver. Yeah. Because silver is even more rare and scarce, and there's industrial demand for it. And it should outpace the growth of gold in the short term. And when that happens, we'll sell our silver twelve, eighteen months down the road.
• 16:49
  Maybe it doubles. Maybe it triples the rate of growth of gold. We get two to three times as many ounces of gold then. By that time, we're backing a currency. It's like, wow.
• 16:59
  We just maximized every single moment to be in the right place at the right time.
• 17:04
  Seth Holehouse: And so, you know, one thing that you have talked a lot about is fiat currency, and the life cycles of fiat currency, and how the the dollar, which is a fiat currency, but yet also happens to be the world reserve currency is there's all these different indicators that show us that it's nearing the end of its cycle, that it's we're nearing a significant shift in the global financial systems because the US dollar as it the global reserve currency and with so many countries holding the US dollar, it's with that dropping or that losing its its value, especially with what's happening with the bricks and the attacks on it, that that represents a significant shift. And so do you we know that there's a lot of plans for a central bank digital currency, which, you know, is, in many ways, it's just a tool of oppression, right, that kind of feeds into the goals of the globalists and everything. But do you think that do you think that the accumulation of physical gold by all of these central banks and a lot of also a lot of the countries, etcetera. Do you think that that's because they know that the dollar is really on its way out, and that they're already preparing for the next?
• 18:19
  Because am I right in understanding that if the fiat currency, the dollar as a fiat currency collapses, that during that tumultuous time, that a lot of these countries and these central banks would it'd beneficial for them to to transition a lot of those assets and and transition the kind of global benchmark to a commodity backed standard with such as gold. Is that
• 18:48
  Speaker 2: Yeah. I mean, they're they're looking for stability. They're looking for accountability. They're looking for something to replace the magnificent US Dollar, which is big. Right?
• 19:01
  So how do you do that if you're not as big as The United States? You have to have something that's more attractive, something that's real, something that's tangible, something that has accountability to it. Right? And so so that's why I think these countries say, we wanna be the world's reserve currency like the BRICS nations, but we're we didn't we don't have, you know, eighty years of experience of being the world's reserve currency. We don't have the, maybe, the internal infrastructure dynamics, credibility of the US treasury, but we're sure trying.
• 19:36
  But until they get to that point, you have to have something. Being backed by gold is that something. Right? Because it's it's kind of like the de facto currency through since the beginning of time. Kings and kingdoms have died over gold.
• 19:53
  Right? Look at look at old biblical stories of Solomon and, you know, all the gold that they had. Why is it that it was something that everyone sought after? Because it has real tangible value, always has, always will. Right?
• 20:07
  So why not back a currency buy? We've done it once, Then these banker minds got together and said, oh, we can become uber wealthy by having a central bank that's fiat based that doesn't have any gold backing because we can print without discretion. That came with the Federal Reserve Act of 1913, and central banks around the globe followed that. Well, now we've become a system that's defined by debt. We've reached that course.
• 20:31
  It's impossible to pay back, so now you have to have a reset. You have to broke break the system that they've created in order to bring in something new, and the something new, I believe, could be a gold backed currency.
• 20:46
  Seth Holehouse: Now as I alluded to earlier with, you know, Jim Kramer, for instance, not talking about this, Why okay. I remember maybe a year or two years ago, I I was doing some research and looking at how many households in America held physical precious metals, you know, gold or silver. And if I remember correctly, it was around 2%. Right? It was a it was a very small portion of people in America that actually had physical gold or silver.
• 21:14
  So knowing that they know this, and we know this, why do you think there hasn't been more encouragement for the American average American household to have at least some gold or silver in the same way that you know, they might say, hey, you know, if there's a hurricane, make sure you have at least four weeks of stored food, etc. Why is it that you there's there's really there's no messaging at all, whether it's from the financial advisers or the the talking heads or the pundits? Why is it that there's no there's none of this discussion encouraging folks to have at least a little bit of precious metals for a rainy day?
• 21:52
  Speaker 2: Well, because that puts power into the hands of the people. Right? So so this whole central bank digital currency concept is not about fixing a broken system. It's about people control. Once you go digital, there's no getting out of that.
• 22:07
  They're gonna know everything about you. If you have gold or silver, you can use it for barter. It's a get out of the system kind of a currency. They don't they wanna reserve that backing for their currency. If people have the backing of their currency and you can trade back and forth with it, it puts power back into the hands of the people with private financial transactions, and that's something that they don't want people to have.
• 22:32
  Seth Holehouse: I see. I see. The same reason why they're not telling people to have, you know, six months of food or even more so, why they're not telling the average family to stock up on ammunition.
• 22:43
  Speaker 2: Right.
• 22:43
  Seth Holehouse: Even though that's some of the best advice you could give somebody.
• 22:47
  Speaker 2: I mean, that truly lead might be the new precious metal. It's crazy.
• 22:53
  Seth Holehouse: Well, I mean, it's it's cheaper than silver and gold right now. So I think it's it's probably far more undervalued, you know, here in America. So now why do you think I mean, like, you know, again, going back to the article, I'm just gonna read it just at one quick point because I wanna hear hear what your thoughts are. When he says he says that, basically, in essence, for example, if there's a financial system collapse, that if everything collapses and the value of those gold reserves shoots up, it skyrockets. So why do you think a central some representative, some high level person at a central bank is even talking like that in a public interview?
• 23:31
  I mean, that seems like the kind of thing that they wouldn't be telling the public.
• 23:37
  Speaker 2: Unless it's coming soon, and they don't they don't wanna lose credibility by sneaking up on somebody and bringing something that they've never talked about before. Right? So now they can say, look. We told you it was coming. We we we made mention.
• 23:53
  You can look at reference this. Like, look at this article. Look at this interview, and we told you about it. We told you we were gonna have a currency that's backed by gold. Shame on you people if you didn't invest, but we told you you should have done.
• 24:08
  While at the same time, they've been poo pooing it for decades, you know, brainwashed people into thinking that fiat based currency can be managed by the central bank. They can control inflation, money supply, grow the economy, shrink the economy, do whatever they want. While at the same time they've been saying that, Seth, they've been amassing gold by the thousands of tons at central banks, kind of like the the Sun Tzu art of war. Right? It's like, oh, you you do something behind the scenes in the shadows, and when people least expect it, you expose your hand.
• 24:40
  Right? I mean, this is what I believe that they're doing, and they're ready to change the global monetary system. And I do think that it's either going to be it's probably not gonna be paper currency that's backed by gold like what we have now. That's gonna be digital currency backed by gold, like central bank digital currency. The BRICS nations have already been rumored that they're they're building this BRICS nation that's gonna be backed by gold.
• 25:06
  I believe other currencies are gonna do the same. I believe what that article that we started this show with, the Dutch Central Bank just exposed the hand of the central banks around the world. Whether they wanted to or whether it was mistakenly leaked, I don't think it was mistakenly leaked. I think it's probably coming pretty soon, and they wanted to tell the world that we're honest. We're ethical.
• 25:31
  We told you it was gonna happen. We've been working on this for a while. And that way, they don't lose credibility. Right? So but I do think for us to navigate through that with success, and we do the same thing that the central bankers are doing, just not at that scale.
• 25:47
  I mean, we can't buy thousands of tons of gold, but we can buy one. We can buy not one ton, one ounce. We can buy ounces of silver. We can play their same game at whatever level we have the capability to play at, and then keep accumulating, keep accumulating, and do the same thing that they've been doing for decades.
• 26:08
  Seth Holehouse: Yeah. Because as you mentioned before, say, you know, looking at, your $2,000 an ounce gold versus $15,000 an ounce gold. Right? It's, you know, if you have, say, $10 worth of gold, it is like what that guy is saying too. It's like, don't need to hold a lot of it.
• 26:23
  If it because it will sky you know, in that instance, skyrockets. So $10 could be $100, you know, I'm not doing the exact math. But so anyway, Kirk, I know that you've got a hard cut off. I'll pull up just for folks that that are interested in buying silver or gold. You know, Kirk is someone I trust.
• 26:39
  He's a great friend of mine. GoldwithSeth.com will take you to this landing page. We can fill out a little form, or you call (720) 605-3900. If you have something already working with, great. But if you if you're looking for someone you can trust, I give Kirk my full stamp of approval.
• 26:57
  So Kirk, thanks again for coming on. I really appreciate. It's always fun having you on. Take care and God bless, and have a wonderful, wonderful holiday weekend.