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This is a VERY Ominous Sign for the Economy in the Next 6 Months · Man in America Podcast

• 1:33
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Houlhouse. You've probably been paying attention to what's happening with the markets, the global economy, and thinking, okay. There's all this discussion about a recession. Everyone's talking about it.
• 1:46
  There's discussions of inflation. They're supposedly winning the inflation battle. Yet, as we covered last week, grocery prices are doubling and tripling. Life does not seem to be getting better financially, and maybe it is for you, but it's not what I'm seeing in my area. And there's just all these questions that we have and what's coming next.
• 2:06
  And when you turn on, say, CNBC or a lot of the mainstream pundits, you can tell they're just lying to you. That's what they're doing. They're lying to you. But one of the indicators that oftentimes is the most revealing about what's coming next is the sale of cardboard boxes. So in today's show, we're gonna be diving into this with Doctor.
• 2:27
  Kirk Elliott and looking at why are cardboard boxes one of the most accurate indicators of predicting either a really strong economy or a completely defunct economy. So folks, enjoy the show in this interview with Doctor. Kirk Elliott. Kirk, man, as usual, it's good to have you on the show. Thank you for being here with us.
• 2:49
  Speaker 2: Oh, it's so great to be with you. Lots going on. I mean, it's it's like never ending news cycle of of bad and yucky stuff, quite honestly.
• 3:00
  Seth Holehouse: Yeah. Unfortunately. I mean, I just, this morning, finished an interview with this ex border patrol agent, and it was one of the most frightening interviews I've ever done. I mean, basically, I'll I'll give you a quick quick thing. So what he was an agent for twenty four years.
• 3:20
  I think he retired just this past year. In twenty four years, he had apprehended, I think, around 10 of what he refers to these people that are called SIAs as the special interest alien. And these are people coming from known terrorist countries or people that are involved with terrorist organizations. So, again, he he had apprehended around 10 of them in twenty four years. He said that under Biden, there's been literally hundreds of thousands that have come in.
• 3:53
  Literally.
• 3:55
  Speaker 2: One every 2.4 for the last quarter of a century versus hundreds of thousands in the last three.
• 4:04
  Seth Holehouse: Yeah. Like, he said that there was 80,000 in 2023, like, the 2023 calendar year, which ends just at the September. And he was just saying, look, he's he's, like, describing these individuals and saying, like, he's he's seeing people coming in, groups of Chinese, for instance, young military men, same haircut, same clothes, same tattoos. He's like, these are these are soldiers. These are soldiers and terrorists that are coming across our border.
• 4:33
  So anyway, to add to the this the the fun nature of where we are, it's just I I think that we're living in in the the decline of an empire. And it's not all doom and gloom. I mean, there's there's a rise of something else coming, but we're living in the end of empires right now. And it just it just where things are at.
• 4:54
  Speaker 2: Well, you know, when you say the collapse of an empire, so it does remind me of the Roman Republic, right? Because you look at what caused them to fall. Number one, it was mostly the weight of their entitlements that just crushed the system financially. At the time, this is where it's way worse now than what caused one of the largest republics in the history of the world to collapse because one third of Rome was on public assistance. We now have about 80% on public assistance.
• 5:25
  I mean, much more than one third. They also had religious differences that started to cause factions within their own people. They weren't unified. They lost control of their borders. You just add up all of these things.
• 5:45
  And so, you have to realize the Roman Republic, everybody watching, didn't collapse because of invading armies. They collapsed from within. But the same fundamentals that caused their destruction are happening right now. Loss of our borders, religious factions fighting each other, so much debt that it will crush society because way too much of our national income is going out A, towards debt service and B, towards entitlements of some nature. You can have a lot of debt and a lot of debt payments if there's a lot of income offset it.
• 6:26
  The problem is you add up the weight of our entitlements and mandatory payments, on to that the interest only on our national debt, it's more than 100% of what we bring in as a nation with just those two things. So, it's like, good grief. This is really starting to falter, but this is where I actually think it gets substantially worse. And politicians know it. Politicians know this is happening.
• 6:54
  So, when you look at, for example, over the last couple of weeks, the GOP couldn't get a House Speaker nominated. So, why did McCarthy get the boost to start this whole ball rolling? It was because of debt and it was because of spending. And he let them raise the debt ceiling for forty five days. Didn't have any opposition to it.
• 7:19
  Basically sided with the Uni Party, which is Democrats, Republicans, Globalist, World Economic Forum, acting as one. No monetary discretion. And then you had Scalise that was more of a hardliner. It's like, Nope, I'm actually found out. Who knows what kind of opposition he was getting internally?
• 7:40
  And then Jim Jordan, he kept getting declining votes every single time they were voting for him because he was a hardliner fiscal conservative and nobody wanted that. So, then you had the conversation, Well, how about Hakim Jeffries? It's like, What? Hakim Jeffries? The liberal Democrat from New York?
• 8:02
  It's like, Why would the GOP want something like that? But it was talked about. So then finally today, you've got Mike Johnson, one of the most social conservatives in the House. I would say, I think that's a really good pick. This is what America needs right now.
• 8:23
  So, I don't know how he got in unanimously, but he did. I think that's a good step in the right direction. But what is the point of why all these people kept getting boosted? Because they didn't want hard line people spending saying, No, we're not going to raise the debt ceiling. We got to slash our expenses.
• 8:43
  Because they know that this is what's needed right now. Because coming up over this holiday season, I think the recession that we're seeing gets substantially worse. So, reason I say that is if you start connecting some dots, Seth, and look at how these dominoes might start to fall. So, there's an unofficial leading indicator, like not consumer price index or other inflationary things or gross domestic product or unemployment, normal leading indicators. But cardboard box sales.
• 9:21
  Okay, kind of a fun one to talk about and it's not something that anybody really discusses. But to me, it's huge. It's absolutely huge. So, think about it. We're heading into the holiday season.
• 9:35
  Black Friday through Christmas, it's estimated that 80% of all national retailers that they get 80% of their annual revenue during that one month. Eighty percent. If I'm a businessman, I'm going to start thinking, Shoot, should we just save expenses and actually shut down eleven months out of the year? And when you open up, it's like, No, you wouldn't be in business then. But really, it's massive how much revenue they make during that month.
• 10:03
  So, now we've got e commerce providers like Amazon, Walmart, Best Buy that are shipping. Everything that's shipped is in a cardboard box. So, you think, all right, leading up to Black Friday and what comes later, you'd think that cardboard box sales would be through the roof preparing for it. Well, it's not. So, when you look at an index that tracks cardboard box purchases, it's down 82% since January 1.
• 10:36
  It's actually down 79% in the last month and a half since September. It's like, what? Down 80% in box sales? So, what does that tell us? That tells us that retailers are not expecting to sell anything during the holiday season, like literally 80% down in box sales.
• 10:58
  So, let's play that out just a little bit. If you missed out the 80% of your revenue for the year, you didn't make any sales, right? That's what they're expecting is very low sales. So, I think come January, you're going to have massive layoffs. Well, this is where it starts to get really squirrely because if you don't have people working, you don't have people making income tax, paying income tax revenues.
• 11:27
  If people aren't making money, there's no sales tax revenues. And if there's no sales tax revenues, that means even more people are being laid off because business is slowing down. So, now people can't afford to buy houses. Property tax revenues come down. See, this is a domino effect moving forward.
• 11:45
  So, here's where it's also an election year. So, in an election year, this is why the GOP had such a hard time with picking out a speaker, I believe. It's all economic based. Because what happened August 22 through the twenty fourth? The BRICS nations met and Putin said, This is our objective.
• 12:06
  It's irreversible, but we are going to de dollarize the world. They added six of the nine largest oil producers on the planet into the BRICS nations, which is 70% of the world's population. So, come January 1, there's no petrodollar. Like 70% of the world is now using something other than the US dollar. There's no demand.
• 12:27
  So, what are they going to do? They're going to have to print because if there's no money coming in, we still have all these expenses, they're going to have to print. No politician wants a government shutdown the year of an election, right? So, what are they going to do? They're going to force themselves to print and that's going to cause more inflation.
• 12:49
  So, now you've got this messaging spinning going on by the Fed, by Janet Yellen, by the European Central Bank that we talked about this over the last couple of shows, which is rates higher for longer. We're going to raise rates maybe one more time, a quarter of a point, and then pause. We're going to pause interest rates because we've won this battle against inflation. So, we don't have to keep raising rates. We paused, right?
• 13:20
  So, that's the feel good message that they want you to hear. But I tell you what, that's not a feel good message. That's them tricking us into thinking that they're winning. But if they were really winning the battle against inflation, they would lower interest rates, not pause them. So, when you raise rates and then pause, it's like this tabletop.
• 13:42
  It plateaus at a really high level. And with all the debt that we have and all the debt that they're amassing, they know that they haven't won this war against inflation because they're going to have to continue to print. They know that we've lost our petrodollar status. We're going to continue to print. But when you say the word pause, they're hoping that people don't ask the other questions like, Did you really win the war on inflation?
• 14:05
  So, is pause a good thing? No, they're pausing at a high rate, which means anybody that carries debt is going to feel the pinch. We haven't started to win this battle against inflation until interest rates start coming down, not pausing. So, they know this. So, moving forward during an election year, when you've got high interest rates coupled with high debt, that's the kiss of death.
• 14:33
  Now you've got political chaos and mayhem and wars and rumors of wars. This is maybe the underlying fact of the house basically not being able to find a speaker is there's a war in Israel and Hamas, right? We're going to have to pick a side. So, we're either going to side with Hamas, like all the college universities in the country want to do, or we're going to side with Israel. Which one is it?
• 15:06
  You can't side with both. So, as a politician in an election year, you're going to have to choose a side and what? You alienate 50% of the population. They said, Oh, no, we should support Mosque. No, we should support Israel.
• 15:19
  Whatever. So this is going to be so turbulent, so nasty, so ugly that what are politicians going to do? Deflect the message and saying, You know what? Don't worry. We've got a printing press.
• 15:34
  We'll get you whatever you need stimulus wise. We'll keep this economy going. We're going to print money. We'll take care of this. We'll take care of that.
• 15:41
  We'll hold off austerity measures. So I think we're going get so many promises of stuff of other people's money this year just to get votes because politicians sadly, this is a blanket statement, not the case for every single politician, but started to not view people as people. They view people as votes. And because of that, they're willing to sacrifice future generations of prosperity to get a vote now. And that's where I think the inflationary pressures are going to persist.
• 16:20
  But here's the ugly social reality of political consequences, right? And that is this upcoming year and an election year, people are going to start to willingly give away their freedoms in exchange for perceived peace and security. They will. And it's during an election year which is going to have ramifications because they might vote in somebody who's promising the most stuff. And that's not good for future generations of America.
• 16:48
  But this is the world that we're living in right now. And no matter how you look at it, war, debt ceiling that comes up in another, what, twenty something days, I think November 17 is when the current extension runs out. They've got to vote for it again. You've got a potentially dismal holiday season coming up. I mean, you add it all up, Doesn't doesn't look good.
• 17:15
  It it really doesn't. But but this is what they're having to maneuver through right now.
• 17:21
  Seth Holehouse: Yeah. I mean, unfortunately, when I look ahead at at 2024, it it just seems like there's 30 different things that could go wrong, and they're all timed could go wrong in 2024. And I mentioned the border before as well. It's like, well, if there were agents of chaos within our borders, which we know there are, and there's lots of them, look at what happened in 2020. Look at what had to be done so that they could make sure that Trump wouldn't be in office.
• 17:57
  The entire country was shut down for the the pandemic. Right? Voting laws changed, etcetera. So what's it gonna look like if they say, well, there's been isolated terrorist attacks, and so you can't actually there's been, you know, explosions and whatnot. So the the voting places we suspect the terrorists are gonna be targeting voting polls, you know, polling stations.
• 18:20
  So it's just a whole it's rinse and you know, wash, rinse, and repeat with this strategy. But then looking at the economy and and, I mean, housing market alone, like, interviewed John Perez recently talking with the housing market, every single indicator is is seeing it going off a cliff. And I'm I'm in a place now where we're we're renting and and we're kind of looking at the next steps. I'm paying attention to what's happening in the real estate market. And I'm consistently seeing, you know, price drop, price drop, price drop.
• 18:49
  You see these houses that were listed for 800,000, you know, thirty days ago. Price drop, 700,000. Price drop to $6.50. So you can see that it's it's not what it was Yeah. A year and a half ago.
• 19:01
  But I wanna go back to the whole cardboard box discussion because so there's a graph that they also show here. Well, thing too quickly. So there's one paragraph I wanna highlight here. So it says that last week, former Walmart CEO Bill Simon told CNBC that headwinds are mounting for consumers as inflation, high interest, and global tensions make consumers wary. He said, quote, for the first time in a long time, there's a reason for the consumer to pause.
• 19:31
  But then if you look at this chart, which does this explain this chart. Is is this credit card spending? Explain what this means and why how this ties into cardboard boxes and everything else we see happening.
• 19:46
  Speaker 2: Yeah, so here's where normally when people run out of money, they don't have enough income, they go to their credit cards, right? Which is what everybody does. They just mount up debt, mount up debt, mount up debt. Well, has really been going on since COVID. Their incomes come down, maybe they lost their jobs, they've been living on credit cards.
• 20:13
  What happens to their available credit line? It's eliminated. I mean, there's nothing left. They're at the end of their rope. So, the way that I look at that is like people so one of two things, right?
• 20:29
  And neither one of them are good. Number one, for the economy. Number one, people just said, Well, we're just not going to spend because we don't have any money. I don't think that's really human nature because people still need to survive, so they'll put it on a credit card if they need to. So, what this is telling me is actually a worse statement than that, that their credit lines are completely maxed out.
• 20:53
  Or because of Basel III accord and banks having to have a 20% reserve requirement going from zero starting on October 1, that they have to keep money held back or else they can't be a bank. So, how do they do that? People that have home equity lines of credit. Let's say they have a hundred thousand dollar home equity line and they only have 50,000 that they've used. They'll take that extra 50, squash it, it's gone.
• 21:21
  You don't have any more credit line. Same thing on credit cards. They're not lending out. They're getting rid of that excess credit line. So, now if you're capped out, don't have any ability to spend.
• 21:34
  So, I think that's what that chart is showing us because in a bad economy, credit card usage usually goes up a lot because it's the only thing that people have. We have a really bad economy and that's coming down. So, I'm not believing the fact that they might spend this with us. Oh, we're winning this battle. The economy is strong.
• 21:55
  Look, people aren't putting as much money on their credit cards. They're being fiscally responsible. No, they're not. I believe that the available equity on their cards or available credit line is being squashed. I mean, this has just happened to a family member of mine, which is why I'm talking about it.
• 22:13
  It's like they used to have a $5,000 credit limit and they had a thousand bucks on there and they brought it down to like 2,500. It's like, Why? I've got perfect credit. I've never missed a payment. It's like, Yeah, but you're a risk to them.
• 22:28
  You're young. And so, they're getting rid of these credit lines because they have to. They have to get that extra reserve requirement there or else they violate the new federal regulations and they will cease to exist as a bank, which is kind of what they want because then JPMorgan, Bank of America, Citi can come in and gobble up these distressed banks and add to the consolidation that's already happening in the industry where small banks are being bought by medium banks, medium banks are being bought by large banks. And in the end, there's probably only gonna be a dozen or less really, really large banks left in this country because all the small and medium and independent ones are being gobbled up. And to what end?
• 23:14
  Why? Well, when you know what they want, when they know it's coming, which is central bank digital currency, I know a ton of bank owners that are patriots and Christians just like we are that are saying, we're not taking this Fed Now app. We're not going to push this on our people. I think this is the mark of the beast. It's the ultimate loss of freedom.
• 23:36
  We're not doing it. So, rather than having a ton of opposition, just force those banks into liquidation and then buy them. Right? So, so I think that's what's happening in this massive consolidation that's happening in the banking world.
• 23:52
  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 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.
• 24:13
  So if you like what you're listening to, hit pause, share it with one person. It helps so much. Thank you so much. I want to draw a certain point that you made there because this is interesting to me that so I'd imagine if you look at, say, a line chart that when the economy is good, you probably have less credit card usage, and you probably have an increase in savings. And then say when the economy goes south, you probably see a decrease in savings and an increase in credit card usage.
• 24:43
  And those they I'd imagine that they they probably balance each other out and they kinda ebb and flow as the economy naturally goes through its cycles of up and down. But what we're seeing right now, and I I know you and I have looked at charts, you know, over the past couple of months that show that savings are at record lows right now. And we saw that credit card usage was was going very high, but if we're now seeing savings are still continuing to plummet, yet now people using credit cards is plummeting, which mean that they're contracting. Like, they're contracting the credit available. People are maxing out their cards.
• 25:19
  So it's almost showing that the natural balance of things that keep balancing out when they both go down. Right? They both drop together. That's a really, really bad sign. And so, again, I know that you're not some you don't have some magic ball.
• 25:37
  But when you look at this, would you say that the signs are pointing in towards a bad recession, potentially a crash? And then if so, how does that affect the stock market? How does that affect the IRA, the four zero one k, the the the much more mainstream monetary investment vehicles such as those?
• 26:02
  Speaker 2: So I think there's one more piece we have to put into this mix and that's credit card debt. See, because when times are good, I I use my credit card all the time. All the time. I mean, if I could pay cash or put it on a credit card, quite honestly, I'm putting it on a credit card because I want airline miles for it, right? But then I pay it off at the end of every Actually, pay off my credit cards like every week because I don't want any debt, right?
• 26:27
  So usage is fine. You can have usage in a good time or bad time, but you have to couple that then with credit card debt. So right now credit card debt is the highest it's ever been. We just approached a trillion dollars in credit card debt. So, you've got declining usage but massive trillion dollars of credit card debt.
• 26:49
  That's what tells me that people have extinguished their credit lines because the debt's a trillion dollars and they now stop using it. It's maxed out. It's at capacity, right? So, that's the one missing element because usage by itself doesn't tell us if it's a good economy or bad economy because there's people like me that just use credit cards all the time. But do you pay them off or do you just keep accumulating the debt?
• 27:13
  Bad economy, you're going to keep accumulating the debt, right? So, I think though that all of this points to not just a soft landing, few quarters in a row of declining economic productivity. No, I think this is a really hard landing. I think it's an abysmal collapse of a system because I don't think it's going to be a regular recession. A regular recession like what we had during the great depression back in the dust bowl days was people weren't spending money.
• 27:51
  They lowered prices to entice people to buy and they started to stimulate the economy from within. So this time, bad economy, but it's a different mechanism rather than lowering prices to entice people to buy, which is a deflationary kind of recession. Recession has to do with business cycle. Are people working? Are people spending?
• 28:14
  Deflation was decrease the money supply, have prices come down, and people will ultimately spend and you'll get your way back into productivity. Now, they're using a different mechanism. It's like, no. Let's just print our way out of it. Print it and people will spend it.
• 28:33
  This is how we now get out of a recession. But the problem is it didn't get us out of recession. All it did was add more debt and devalued our dollar and created inflation. So, now we've got declining business activity with it, which is the recession part of it, but you've got inflation. So, that's like the Carter years on steroids.
• 28:53
  It's stagflation. It's recessing economy, inflating prices. So, put it another way, fewer people working, but everything that they buy is more expensive. That's like the kiss of death because people don't have money because they're not working, but everything's more expensive. An inflationary recession is the worst policy nightmare for any politician, and that's exactly what we've got right now because it's very hard to get out of it.
• 29:18
  Reagan got us out of it, but Paul Volcker, chairman of the Fed in the early 1980s, how'd they do it? They jacked up interest rates to 18% because you have to outpace inflation, which was 14.6%. So, it's like, well, okay, there we go. It's not gonna be fine. And Paul Volker said, back in the time, I read books about it, I was too young to really remember in the early 70s, I'm just a baby, right?
• 29:43
  But they said, This isn't going to be pretty for America, but we have to overcome the damage that's been done. And we will, we'll get through it, but it's going to be ugly and it's going to be worse before it gets better. They were right. The late 70s, early 80s were awful. But then they lowered taxes, they lowered interest rates, they created jobs, created the best economic boom ever, but they had to have interest rates finish that cycle to kill inflation before they could actually build a framework for success that lasted over twenty years.
• 30:21
  We have to go through that same process and it's not gonna be fun because we have way more debt today than we did in 1980. Way more.
• 30:29
  Seth Holehouse: Yeah. I mean, it seems like if they jack the rates up to 18% now, it would just break the whole system. Mhmm. And so for people that are watching and that, you know, know, look, there's it's a it's a very smart audience. I know, you know, lot of our audience that they're calling and you know that, you know, this is the Man in America audience.
• 30:48
  Very, very well educated people. And as they're watching, and they're seeing these same same signs, and they've got, you know, money sitting in a Vanguard, you know, four zero one k or some sort of retirement fund or whatever it is. And they're also concerned because, yeah, if if the stock market drops, which, you know, a lot of the experts I've spoken to, and I'm following are in unison, saying the same things. Right? They're they're really concerned.
• 31:16
  And and especially the fact that the stock market is really being carried by a few major tech stocks. And that's the reason why it seems like it's doing so well. What are, like, what are the solutions? I know that, you know, gold and silver playing this big, but how is it that that's more productive than, say, bonds or the other more traditional investments people kind of move around to play around in?
• 31:40
  Speaker 2: Yeah. So you have to look at the fundamentals of what causes things to move. Bonds go up when interest rates come down. Value bonds goes down when interest rates go up. So, we're entering into rising interest rate environment still continuing it on.
• 31:56
  So, bonds are toast for a while until interest rates start coming down. Now, with the rising interest rate environment, cost of borrowing goes up, is still going up, people don't have as much money to spend. That's not good for the stock market. The stock market's a function of revenues. If people aren't spending, you can't just keep the economy or the stock market afloat with stimulus money forever.
• 32:19
  It's way too expensive, right? So, that's not good. Real estate is a function of two things: wages and interest rates because people borrow to buy houses. So, if wages are coming down and the cost of borrowing is going up, that's not good for real estate either. But every one of those things plus not necessarily black swan events, but the more qualitative stuff rather than quantitative, which is wars, uncertainty, turbulence, geopolitical conflict, political chaos, unsustainable debt.
• 32:59
  All of those things add into the fundamentals of tangible assets are really, really, really good during inflationary times because they're things, right? So, you have two things in favor for precious metals. Number one is the flight for safety type factor. Get out of the system, get out of paper, get out of digital assets. The worse things get, the better.
• 33:24
  People want something that's transparent, accountable, and real. So, they go into tangible assets. The more fundamental side of it is they're tangible assets. It's a function of supply and demand. We've got low inventory and high demand.
• 33:39
  Low inventory, high demand causes prices to go up, right? You've got supply chain disruptions, which have been heavy and prevalent since COVID. So, there really is very little supply. But now you couple into this the globalist agenda and Biden's green agenda, which takes a lot of solar, a lot of battery power. Silver is used in both of those industries.
• 34:01
  So, it's like, let's start using these trends for us rather than against us, allocate into what is going to be needed for some of these new policies to actually come to fruition. Silver looks really good. I mean, it's a very compelling case because it's used in all forms of electronics for circuit boards. So, it's like, sweet, everything is electronic right now. Then you add solar, you add battery power, you add low supply.
• 34:30
  60% of all global mining for silver is consumed by manufacturing right now. And that's in one of the most sluggish economies ever. I mean, So, imagine if we had a robust economy. There wouldn't be any silver left, right? So, I look at all of that and I think, Man, if our goal is to minimize risk and maximize our return, I know how to do it.
• 34:53
  I would look into silver for the time being, not forever. Everyone hear me. This is not a forever allocation. Nothing goes up forever, nothing goes down forever. You get fiscal responsibility back in government, lower taxes, lower interest rates, and create jobs, well then normal traditional asset classes will start growing again.
• 35:12
  But for right now, I want to run for the hills for safety, allocate into strength of things that go up in inflationary times, and that would be precious metals.
• 35:24
  Seth Holehouse: Which makes perfect sense. I mean, to me, it's an insurance policy. That's how I look at it. I look at it and say, the whole world's going upside down. Look at what happened in in Israel.
• 35:34
  You know, one night you go to bed, everything's normal. The next day you wake up. Life has changed substantially as they know it. And so if folks want to get ahold of you, I know we've got a website set up for this. I know you've got a really skilled team, free consultations for anybody, you know, no pressure environment.
• 35:53
  So gold with Seth takes you to the website where there's a form easy to fill out form down there on the bottom there, then that will set a time to speak with one of your folks there. And then also the phone number (720) 605-3900. That information will be in the description below. Any other thoughts you want to add to that, Kirk?
• 36:17
  Speaker 2: No. I mean, other than, you know, don't don't just be so dismayed, so distraught, so full of fear because we've got a war happening in Israel. I mean, a lot of people are calling and saying, Kirk, this is the end of the world. This is Armageddon. Maybe it's the beginning of that, maybe it's not.
• 36:41
  But we can't focus on something that we can't control. Focus on something that you can and focus on something that will allow you to thrive given these times that we're living And that is we don't need a very, very loud collective voice to impact our own personal finances. We need a loud collective voice to impact politicians' hearts and minds so they start voting the way that we want them to. But when it comes to your own individual finances, it's a still small voice. It doesn't even need to be a voice.
• 37:12
  It's a thought that you put into action. It's like, I'm just going to do it. Just going to take this leap of faith, do something you haven't done before, get out of stocks and bonds, go into tangible assets, say gold and silver. I've heard about it for a year on Seth's show and it makes sense to me. You just have to take that leap of faith and then know that you're not in it alone.
• 37:31
  Here to hold your hand through this economy and future economies let you know when it's time to buy, sell, reallocate. This is where our journey begins, not ends. That's our goal for everybody is to strip away that sense of fear that paralyzes and replace it with a sense of peace.
• 37:52
  Seth Holehouse: Well, good, man. And I can say that, you know, because I've got a little bit of my assets sitting in silver, and it's it does bring you peace. It's like, you know what? If if things really, really fall apart, if the CBDC rolls out, whatever it is, you know, I've I've got what it takes to look after my family. It's the same thing as having food set aside.
• 38:12
  It's like if the food supply gets cut off, well, I've got, you know, 500 pounds of rice in the basement. If worse comes to worse, I'll I'll get by. So Kirk, thanks again. It's always good seeing you. And I hear nothing but positive things coming back on the folks that have actually reached out to you and your team.
• 38:30
  Just just rave reviews, and I think people are are actually being able to find a little bit of peace in this wild world. So thanks again.