Latest / Man in America Podcast / Powell Confirms Our Warnings: "There will be BANK FAILURES" w/ Dr. Kirk Elliott

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Powell Confirms Our Warnings: "There will be BANK FAILURES" w/ Dr. Kirk Elliott · Man in America Podcast

• 0:00
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. So, folks, you know that we've been talking a lot about the banking system. Well, here we are in an election year. Just about a year ago, we had some, you know, four massive regional banks with close to half a trillion dollars in assets that collapsed.
• 0:18
  They wiped out more than half of the reserves the FDIC had. So the money that the FDIC has, they're saying, hey. Look. Your deposits are insured with your bank. Don't worry.
• 0:28
  We got you covered. Well, those four regional banks wiped out more than half of what the FDIC had to ensure your deposits. And so now we've also got Jerome Powell coming out saying and admitting that basically that, yes, the bank failures are gonna start back up again. And there's a few reasons why. So everything is accelerating, and it makes me wonder what's the real agenda behind this?
• 0:50
  Do they want it to accelerate? Does it tie into what's happening in the election? Is this some sort of Hail Mary from the deep state to try to create so much chaos that they can still maintain control? So today, we'll be joined by doctor Kirk Elliott, my good friend, to help us make sense of what's happening in the economy with precious metals, with the stock market, with the banks. These are all these are all very, very important factors that will absolutely affect our way of life in the coming years.
• 1:17
  So folks, please enjoy the interview. Kirk, it's good to see you as usual. How's it going?
• 1:24
  Speaker 2: It's going great. It's so good to see you too.
• 1:27
  Seth Holehouse: Yeah. There's always updates. Sometimes, you know, when we first started doing weekly shows together, thought, gosh, is there really gonna be a a weekly thing to focus on? But I feel like we could almost do twice a week or something. We'd still have so much content because it just seems like there's everything's compounding now, and everything is speeding up, which I mean, look, this is an election year.
• 1:49
  There's a lot of really significant events that are unfolding, And I think that most people would agree that this isn't just a normal election year. And this is, like, in in in a lot of ways, I'd say this is the time for Hail Marys from the deep state. Because if the, you know, the the populist vote for Trump is enough to get him in and enough to overwhelm their systems and all of that, it spells a a very big loss for them. Right? So they're I think they're in desperation mode.
• 2:19
  And we you know, as you know, and I know the economy and finance, everything controls. It's it's like the underlying pulse of the entire world. That's why, you know, folks like Martin Armstrong can predict wars based upon just looking at financial numbers. So understanding how finance plays into what's happening this year is really important. So let's you know, last you know, one of the more recent interviews we did, we talked about March 11 with the the pullback of the emergency funding.
• 2:49
  We know that there as we talked about, you know, CNN saying, oh, you know, within New York Community Bank, people pulled out 7 or $8,000,000,000. Like, oh, it's not a bank run, and it just seems like there's everything is kinda boiling, and that they're trying so hard to keep it, you know, keep the lid on, but they can only do that for so long. So what what are you seeing on your end over the past week or so? What are some of the big stories that you're seeing unfolding?
• 3:14
  Speaker 2: There's so many. I mean, and you're right. Boy, we could could almost fill up a show every single day with all the economic news that's happening right now. But so the biggest story of the year financially, I think, is unfolding right underneath our nose, and it hasn't really happened yet. But that's FDIC running out of money.
• 3:34
  I think we are going to have bank failures on steroids that makes Silicon Valley Bank, Credit Suisse, First Republic, when that all happened last spring, it's going to make that look like child's play. I mean, that's really what I think. This is going to be the biggest financial story of the year. And here's the reason why. So first you look at why do banks fail.
• 3:58
  They simply have more withdrawals than they have deposits. They run out of capital and the investments that they have aren't growing. Right? Because banks invest in the same things you and I do. Right?
• 4:08
  They invest in stocks, bonds, mutual funds, real estate companies, except on a larger scale because they're working with other people's money. So when their investments are coming down, more withdrawals and deposits, they're going to run out of capital. So this is why you had those five banks that failed back in March, April of last year. So now do we have the same thing going on now? Yep.
• 4:35
  But why did those bank failures stop? Everyone said, well, look what the Fed did. That's amazing. They stopped the bank runs. They didn't fix anything, though.
• 4:46
  They put a Band Aid on it, but there's still, for sake of illustration, a big, huge gaping wound underneath the Band Aid. They never fixed that. All they did was put a Band Aid on it by instituting the bank temp funding program, which was stimulus money to bail out failing banks to stop the bank runs because they know that people lose confidence in the banks, they lose confidence in the whole financial system. So that's what that did. But then peculiar, these turn of events, they expire that on March 11.
• 5:21
  It's sunset. It's done. Right. Which is, what, a week and a half ago. So now what does that mean?
• 5:28
  That means banks that are going to fail, they're going to be allowed to fail and go into FDIC receivership. It's like, why in the world would they want a bank to fail during an election year? So it's either one of two things as I kind of think about it. Number one, they realize they truly have kind of run out of money. They can't continue to print with the emergence of the BRICS nations taking away the petrodollar.
• 5:56
  There's no built in demand for our currency. So any funding that they might need that's not being paid for by our tax paying dollars, they have to print it. And they know that if they keep printing, inflation goes up, they have to keep raising rates, and that's detrimental to the economy. So so either they realize they're there, and they just can't simply do it, or b, they want the banks to fail. Say, Kirk, why would they want the banks to fail?
• 6:27
  Well, because they have a different agenda. They have a central bank digital currency that takes away our ability to buy and sell with whom we want to, where we want to, when we want to, and for what. Right? So that's all about people control. I don't care if you're an ultra leftist or an ultra right person.
• 6:46
  Nobody would want the ability to buy or sell taken away from them. Nobody wants spyware put on their bank account. And, you know, let's look at it this way. If Trump were the president right now, the left would be saying, I don't want him telling me what I can buy or sell. And just like people on the right are saying, I don't want Biden telling me what we can buy or sell.
• 7:13
  Doesn't matter what political persuasion you are. Nobody's going to want that. So therefore, if nobody wants it, how are they going to get us to adapt it peacefully and actually want it? When you create a crisis that's so bad, banks failing, can't feed your kids, can't pay your mortgage, can't pay your rent, can't pay your utilities, just exhaust people with bad stuff. And then they'll say, please government, fix it.
• 7:41
  Please fix it. And then they'll say, yeah, we have a solution. It's called Central Bank Digital Currency. Here you go. It's not going to fix anything.
• 7:49
  But what did they just do? They want to instill something that's going to put complete people control on you. And then the government is acting like God in the sense of they want to be our protector, and they want to be our provider. That's what God is in our lives. Well, they want that.
• 8:08
  So how do you make that happen? You cut off private capital, you cut off the banking system. So people just simply do an end run around banks and go directly to the government for their survival and money. So this is what I think that they want. Now, back in January of 'twenty three, before the bank crisis even started happening, I was looking back earlier this week and I thought, man, I was talking about FDIC in January of twenty twenty three only having 1.7% of all deposits covered.
• 8:44
  And I talked about that on on numerous shows, but I was talking to David and Stacey Wider at FlyOver Conservatives, and it's like we did that show back in January of twenty three.
• 8:54
  Seth Holehouse: Then what happened? Sorry. Just is that let's just say that there's a trillion dollars that people have sitting in the bank. Everyone thinks that, oh, they go to their local bank and it says FDIC insured. Everyone's seen that plaque and you think, oh, okay.
• 9:08
  Well, up to a quarter million dollars I'm insured. But if the whole system goes down, the FDIC would have to have a trillion dollars Yeah. In route you know, again, simple simpleton math to insure everything. So what you're saying is that back in January of twenty three, of all of the money sitting in the banking system that they were supposed to be insuring, they only had enough funds to ensure to actually pay out on what? 1.4%.
• 9:36
  Is that
• 9:37
  Speaker 2: 1.7%.
• 9:38
  Seth Holehouse: One point seven %.
• 9:39
  Speaker 2: Okay. Yeah. So imagine this, if one bank failed, okay, you start to whittle away at that 1.7%. If two banks fail, you keep whittling away at it. So I got to thinking, what actually happened here?
• 9:53
  We had five banks that failed, Silicon Valley, Signature Bank, Credit Suisse, First Republic, and Silvergate Bank, right? Five. So then what happened between March of last year when that happened in March of this year? Well, I looked. You go to the FDIC, you can look at their balance sheet, you see what their assets are.
• 10:11
  They now only have 0.74% covering all deposits, savings accounts, checking accounts, CDs in America. It's like what? 0.74%. So those five bank failures whittled away more than half of their assets in one year. So now if we go into bank failure mode because they just stopped the emergency funding provision, So now banks aren't going to get that to avoid FDIC receivership.
• 10:43
  They're going to go into FDIC receivership if they start to fail. That's going to whittle away the money. Now, I was reading some articles on Yahoo Finance. There is a CEO of a big real estate company, and I'm assuming probably some commercial real estate like building subdivisions, some big dog to be able to speak on at this level. He warns that 500 or more banks are going to fail or be consolidated over the next two years.
• 11:12
  Five hundred. Okay. Let's just say that he's the dumbest guy on the planet when it comes to this stuff, and only 10 banks fail, not 500. He's like so far off. Well, that's still double the amount that failed last spring.
• 11:29
  I think FDIC could go under, especially if it's 500 banks, FDIC goes out of business. But let's not take his word for it because he's just the CEO of a real estate company. Let's go to the bank banker of all bankers, supposedly the smartest banker in the world. Let's go to Jerome Powell, chairman of the Federal Reserve. Right?
• 11:51
  So what did he say this week? He said there will be bank failures caused by commercial real estate losses. Say, wait a second, he's in charge of all the banks. And now he's saying, we're going to have bank failures. He's basically saying the system that they created is failing and it's going to fail.
• 12:13
  So he should be the biggest cheerleader for his system. And he said, well, commercial real estate is going to cause banks to go under. So therefore, you've got this real estate guy, the banker of all bankers, both saying banks are going to fail. We took away more than half of FDIC's assets with the five regional banks that failed last year. This one is going to be bigger than that.
• 12:36
  It's going to be way more than that. And I think this is why this is the biggest story of the year, is bank failures are probably going to cause FDIC to go bankrupt. Well, now what? If you saw a bank that was failing and it hit the news, it's like, Bank X is going out of business. What are you going to do as what's it going do to your brain?
• 13:00
  You're going to think, Oh, my word, if that bank failed, what about my bank? I wonder if the money's safe in my bank. And this is why you start to have bank runs, is because everyone gets squirrely. They don't want their money to go away. They don't know how big the contagion is.
• 13:16
  And you start to get a run on banks. And it's like that scene on It's a Wonderful Life, right, where they go in there and it's like, sorry, we don't have any money. It's like, what? What you mean you don't have any money? Well, we don't have any money.
• 13:28
  We were investing your money into everything that you're investing in, and it's gone. We're just hoping and praying that not everybody wants their money out at the same time. That's the nature of fractional reserve banking, is they only have to keep a certain amount on hand. And during Covid, that amount was zero. Of course, you can have bank failures if it's zero.
• 13:52
  So then just recently with Basel III, the international banking accord that they signed, they're bumping that up to 20%. So it's like, Okay, this will stop bank failures. It's like, will it? Will it? So they moved it to 20%.
• 14:09
  Let's just say you were a billion dollar bank, Seth. You're the president of a billion dollar bank, and you were used to having 0% on hand, and now you have to come up with 200,000,000 because 20 of a billion is 200,000,000. Where's that money going to come from? It's not growing on trees, right? So you have to somehow come up with 200,000,000.
• 14:28
  If you can't, you either fail go into FDIC receivership because you're out of compliance, or you get bought out by a bigger bank. So this is what's going to start happening, is because of these mechanisms that are supposed to help banks stay afloat, they're going to kill banks. But I think this is by design. Right? I'd so at a conference, I think it was last year, I was talking to RFK Jr.
• 14:56
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• 15:20
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• 16:05
  Speaker 2: And, you know, the the guy you know, his family is embroiled in controversy and and conspiracy theories for since the beginning of time. You know, his uncle and his dad, you know, being mysteriously killed. So he understands conspiracies. And he said, Kirk, what we're seeing in America right now is no longer a conspiracy theory. It's just a conspiracy against us.
• 16:27
  That's what I'm telling you. The theories of yesterday or the realities of today, when these things are spoken about, they're not hiding in the shadows. They're telling us they wanna usher in central bank digital currency that has the ability to cut you off from buying or selling. They're telling us all of this. It's not a conspiracy theory.
• 16:46
  They're in plain sight telling us what's going to happen. But again, nobody would want that unless the crisis is so bad that they're willing to give up their freedoms. So this is where we're headed. And then yesterday, I'm watching Jerome Powell give his FOMC speech. And what did they do?
• 17:07
  They decided to pause interest rates again. No shocker to me, Even though six months ago they said we're going to lower interest rates like six times in 2024 because we've won the war against inflation and we can lower rates now because we've done our job. I told people back then that's not going to happen. They haven't won the war on inflation at all. So therefore, you can't lower interest rates if inflation is still persisting or inflation gets worse.
• 17:36
  So what are they doing? They're not raising interest rates because they know that would actually kill the economy. They're not lowering because that would make inflation more. So they're just putting it on pause. It's like, we don't know what to do at this point.
• 17:49
  Let's just pause. So now the message is changing from we're going to have six interest rate reductions this year to then he said maybe two or three. And then they left it on the table. But this is a big but, core inflation is persisting. It's getting a lot.
• 18:07
  And we'd be open to possibly not having any interest rate reductions this year at all. It's like, Okay, they don't know what they're doing. They don't know how to fix it, is what all of this tells me, which is why he's saying banks are going to fail. And you look at this and it's like, this is complete madness, complete madness, because the system that they created is now like the dinosaurs on Jurassic Park. You create this beast, this monster for everybody to look at and go to the park and enjoy.
• 18:43
  It's like, wow, look at these dinosaurs. And then the dinosaurs decide to escape and they start destroying their creator. This is what they've done with inflation. They can't fix the beast of their own creation. They can't fix it.
• 18:57
  It's gotten too big. It's gotten too bad. It's gotten too ugly, and it permeates every part of our lives. And now you just probably just let the system fail so you can usher in something new, and that something new is all about people control. Sadly, that's how I view the economy headed this year.
• 19:16
  Seth Holehouse: And it's crazy because just just to put together a simple timeline, right, was we we you know, I've been talking about the bank for quite some time now. So Yeah. The bank failures of last year. We had five banks, and those banks were, you know, close to half a half a trillion dollars, if I remember correctly, in assets, like, you know, 500,000,000,000 or something. I think it was that.
• 19:37
  Wait. Let me see. I had it here right in front of me. The yeah. So the the four regional banks, including Silicon Valley Bank, had $532,000,000,000 in assets.
• 19:49
  Yeah. So, basically, we had these banks failed last year. They put in this emergency, you know, safeguard. This this that kinda okay. The the dam is leaking.
• 20:01
  Shove something in the biggest hole and hope it holds out, But there's a there's a one year time limit, roughly, on that safeguard, which just came off. Okay. So but those four banks, just those four banks alone took over half of the FDIC reserves, right, to bail out these banks, or not really about the banks, but actually to to ensure the funders. So I put up a picture earlier. This is a picture from this is Silicon Valley Bank.
• 20:26
  These are people waiting outside the bank as it's failing, hoping they can get their life savings. So when you and I have conversation and we talk about, you know, we talk about sorry. So when you and I have these conversations and we talk about what happens when the, you know, there there's a bank failure, it's like, this is what it looks like if if I mean, you can't really see closely, but you zoom in on these these different people. Like, these are people, they might have half a million dollars. They might have $10,000.
• 21:00
  Whatever it is, They might have their life savings. They might have their their business account, whatever it is at that account, and within Silicon Valley Bank, and they're sitting there. I can't imagine the stress that they're experiencing, hoping that they can walk into that account and walk away with a check that represents the the money they had in that account. I I mean, it's, you know, similar to the the scene from It's A Wonderful Life when everyone goes in all at once, and that there's that big, you know, kind of big ruckus, and they're they're just like, girl screaming, like, want my money out. And he's like, I can't I can't pay you all.
• 21:34
  So you have basically, with with where the situation is at now, it's like, So we had the the the emergency funding put in place that just got pulled out. In the meantime, as you mentioned, they're now saying, okay. Hey, you gotta have 20%, not 0%. Okay? At the same time, you've got the the regional banks that are being warned about.
• 21:58
  Like, so these smaller banks, got Powell coming out. You have significant people, this real estate CEO. Even Powell himself coming out admitting that that this is coming, and you you don't you don't have you don't have Powell coming out. You don't have Yellen coming out and saying, hey, folks, just so you know, we know that you trust the FDIC, but actually, the FDIC can only cover less than 1% of all deposits. Mean, to me, it's like that that damn that they are trying so hard, or maybe they're not trying, maybe they're intentionally, like, building it up so the whole thing collapses because it's an election year.
• 22:34
  I mean, that's something that what do you think about that idea that had as we head into the you know, I what I think is the most important election in the history of this country in terms of determining whether in four years or three years we're a communist country or the the the free United States Of America. I mean, the timing of all this is just insane. I I mean, it just it's it's baffling. It's it's all kinda compounding. It just it's teetering on this edge.
• 23:04
  Speaker 2: It is. And so it's not just here that we're having an election year. It's like 60% of the world is having an election this year. So what do people vote on when they go to the ballot? What do they do?
• 23:17
  They're voting to change the government. That's what all elections are about. They want to change the government. So this year is no different. Are we going to change?
• 23:26
  Are we going to stay down this fateful path on the road to serfdom? I think that we'll see. But I think most of America is starting to wake up to the fact of the government overreach. And this is why the battle against Trump, for example, is so extreme. Even Christine Lagarde in Europe is saying, boy, if Trump wins, this is going to be really bad for the globalist movement.
• 23:51
  It's like, sweet. See, they know it. They know that people are waking up and this populist movement is waking up and the government overreach by these globalists has gotten so extreme that it's almost like it's exposed. And so the manipulation is exposed, the lies have been exposed. And here's what I love about that.
• 24:15
  Just like anything in life, if something is hidden, it can control you. So let's just say you're a politician, you have skeletons in the closet. So that can always be used against you. Another politician is going say, hey, I'm going to expose the skeletons in your closet unless you vote my way. And so you get that.
• 24:37
  Or if you're a Christian or whatever, and it's like, okay, you've got this hidden sin. It's like, okay, once it's exposed, the one who's trying to control you no longer has power. If things are out in the open, there's no power. If the politician were to just go out and say, these are all my skeletons in my closet, that can never be used against him. It's out there in the open.
• 25:01
  And once you confess your sins, for example, well then in the Christian world, Okay, the devil no longer has a grip on you because it's all up in the open. So this is what I think is happening the political world, is all of these things, these things that have been hidden for years, they're all becoming truth is being exposed. The lies are being exposed. Truth is overriding that. Light is casting out the darkness.
• 25:30
  People are waking up to the fact of what's been happening. This is why I think the globalist why the battle is so intense right now, because the battle is no longer in the desert. The invading army is right at the gates of the city, ready to overtake it. And that's why this battle is so extreme, and why it's exciting to me, because truth is going to win. I fully believe that, fully believe that light is casting out the darkness.
• 26:00
  I'm not saying it's going to be an easy road to get there, but I think that we're getting there. And you look at everything, the price manipulation in silver over the decades, it's now being exposed. And you're seeing massive movements in the price of gold and silver. You're seeing things being exposed politically and economically. The FDIC underinsured, and people realize I have to run for safety.
• 26:29
  Maybe I'm just going to get my money out of the bank. Well, that's what you should do. That would be a partial solution, not a full solution. Partial solution, get your money out of the bank. Second part of the solution, I would allocate into tangible assets like silver, because still staying in cash, how do you get your assets out of the bank?
• 26:48
  What are you going to do with it? So you have to do something with it. I wouldn't put it in the stock market. I wouldn't put it in the bond market right now. They're overvalued, because the stock market's a function of revenue.
• 27:01
  People don't have money right now. They're not spending. Unemployment's going up. This is another lie that's being exposed from the Biden administration. They said earlier in the week, 275,000 jobs were created.
• 27:20
  Created. Okay, this is great, right? But then they said, but unemployment went up to 3.9%. It's like, wait a second, how do you create 275,000 jobs and unemployment goes up? Shouldn't that be the opposite?
• 27:36
  But something's wrong with that math. Or is it? No, there's nothing wrong with the math. There's wrong with how they speak it and the messaging. Because in America, the way that they measure unemployment is if you've been looking for a job for so long that you got so discouraged and you stopped looking because nobody's hiring you, they take you out of the pool.
• 28:01
  They take you out. They don't even measure you anymore. It's as if they now consider you employed because you voluntarily stopped looking for work. Does that mean you're employed? No.
• 28:10
  It means you're still unemployed. You just gave up. So that's how what we're seeing is those people are not working. They don't count them anymore. You add those to the number of people in unemployment, and everything that they're saying is multiplicatively worse than what they're saying.
• 28:30
  And so this is the economy that we're living in. And I like it that the more lies that they say, the more people distrust what they're saying. Because their wallets are telling them, this can't be true. It's not my reality. And that's where we're headed now in this election year, and hopefully, people see the truth as it starts to cast out the lies.
• 28:55
  Seth Holehouse: So one question I do have for you is because I agree with you in terms of trying to pull assets out of the banking system. But I'm sure you have a bank account. I have a bank account. I have a savings account. So, you know, because for a lot of us, you know, we we maybe you pay your mortgage through your bank.
• 29:11
  Maybe you have to, you know, your paycheck every month from your your employer comes into a bank account. So, you know, we have to still have bank accounts. So obviously, whatever assets you can comfortably pull out and put into, whether it's cash under the pillow, hey, that's a great step. The next step is gonna be assets that aren't gonna be tied to any particular fiat currency like the dollar, right, which is, you tangible assets like gold, silver, ammunition, food, water Yeah. Land, etcetera.
• 29:39
  But I see one question I do see that people ask a lot, which I think would be very useful to get your advice on this, is what kind of bank would you recommend people using? Right? So would you say, you know, hey. Go for one of the really big banks, like, you know, say Bank of America or Chase. Would you go for a small local bank, a medium sized bank, or say a credit union?
• 30:00
  Because if we have to have money within the banking system for just interacting in society, what is the, I guess, what is the the least bad option of those particular options in your opinion?
• 30:12
  Speaker 2: So good question. I wouldn't do the big banks, you know, the big five, JPMorgan Chase, Bank of America, Citi, Wells Fargo. I mean, they have so much derivatives that they've got tens of trillions of dollars each of derivatives debt exposure. That's not safe. I also wouldn't do a small little local one off bank because I don't think they have enough capital to withstand a storm.
• 30:35
  Now, we're seeing regional bank failures, but all those regional bank failures that we're seeing are like coastal regional banks, or maybe commercial real estate, residential real estate that's causing them to hit the skids. So overall, I think credit unions are the safest. It's kind of a dangerous comment to make because I haven't looked at the books of every single credit union, right? None of them really. But the way that they're owned is they're owned by the members.
• 31:02
  So they're going to be a little bit more conservative in their approach or else they'd have a mutiny on their hand if something went wrong because of the way that they're owned. And I think regional banks in the Midwest are probably pretty okay because they don't have the extremes in real estate valuations that you've seen on the coasts. So really, unions or medium sized regional banks, but really in the flyover states, in the center of the country. Overall, I would say that's probably good. Now, my CEO, Ashley, and I have this conversation every single day because we're a big company.
• 31:43
  We're getting millions of dollars a day coming in in bank wires for people buying gold and silver. And so what do we do? Do we have that all in one bank? We can't. So we're finding regional banks here in Colorado and basically spreading it out between a bunch of different banks.
• 31:59
  I would encourage everybody to do the same. If you've got more than the FDIC limit in your banks, open up a second one, open up a third one, go to a credit union, do what you need to do. But don't have too much in cash. Now, we can't eliminate all cash. You just can't because we live in a cash world.
• 32:18
  We have to have an emergency fund. We have expenses. We have to live, right? But having too little in cash affects your peace of mind. Having too much in cash is counterproductive because you're not keeping up with inflation.
• 32:31
  But maybe three to six months of expenses in cash is good enough. And then I would allocate the rest into something that's strong, like silver, that's actually growing and thriving and takes advantage of the markets. It maintains your freedom, your privacy because you're getting it out of that system into something that's tangible and real. So everybody's different, though. That's why we do free consultations so we can hear your needs, your fears, your goals, and map out a strategy for success moving forward using precious metals as a hedge against your banking assets and other assets that you might have.
• 33:09
  Seth Holehouse: That makes sense. So one thing I will say, and just as we kinda wrap up here, you and have talked a lot about Weiss ratings. I'll put this link in the description. This is a great place. I've even looked when I've when I've been looking for banks, this is a great place of of telling you the health of the bank.
• 33:25
  Obviously, says, yes. JPMorgan is is a b, you know, Citi Citibank is a b minus, because they have so many assets. Right? So that that that does give them some amount of stability, and they're not looking here at they're not they're not analyzing how likely the bank is to impose globalist agendas. Right?
• 33:40
  So let's just say for folks that are on here, let's just say you wanna come on here and look for just a, you know, whatever community bank. Right? You type in your bank name, and say you're in Longview, Texas, or say you're in Lexington, Tennessee, and there's a local community bank. Well, you can see it's a d plus. So you can find your bank on here.
• 33:59
  It shows you the total deposits, shows you the net income, the capital, the assets, return on assets. So it this has a whole analysis on it. So this is something I would definitely recommend for people. This has been really helpful for me. If you're gonna say, hey, Is the local credit union safe?
• 34:17
  Well, you you go find your your your local credit union. Say, you're banking with the Union Fidelity Federal Credit Union in Houston, Texas. Looks pretty healthy. Right? You know, it's a b.
• 34:29
  So that's just something I would recommend. And then finally, if folks do want to move and reallocate into precious metals, we've got a link set up, Gold With Seth. You come onto here. Takes you to the website with with Kirk, who I I trust infinitely, you know, for for a lot of different reasons. Little form here that folks can fill out to set up a a free consultation, or they can give you a call.
• 34:52
  (720) 605-3900. And I know that, know, you guys can walk them through any and every question. It's free that, you know, whether they say, hey. What about this one retirement account I have? How can I avoid taxes doing this?
• 35:07
  You know, should I store it at home? Should I store any question at all about, you know, should I buy 10 ounce bars or one ounce, you know, rounds? Whatever it is, I know that your specialists are an extension of your knowledge, and they will help people. So all those links are gonna be in the description. Kirk, thank you again.
• 35:25
  It's always a pleasure speaking with you. Any final closing comments for people as we sign off?
• 35:31
  Speaker 2: No. Just don't operate out of fear. Right? Just operate out of wisdom, sound mind. This makes sense.
• 35:37
  Right? Don't don't Fear will cause you to make a wrong decision to put your head in the sand and do nothing. But listen to what Seth and I were talking about today. That's just wisdom. It's wisdom to get out of something that's coming down as soon as you can, get into something that's going up as soon as you can.
• 35:52
  That's how you can maximize your return while minimizing your risk. So just take that leap of faith and give us a call, and we'll walk you through it. And either you can say, yeah, that makes sense, or no, I don't want to do it. It's fine. Our goal is to help you come to a decision, whatever it is, to help you protect and preserve and start to minimize that financial anxiety that you have.
• 36:16
  Seth Holehouse: Perfect. Kirk, thank you again. I'll see you next week.
• 36:19
  Speaker 2: My pleasure.
• 36:21
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• 36:33
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• 36:53
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