Latest / Man in America Podcast / House Passes Anti-CBDC Bill, Financial Giants Resigning... It's COMING w/ Dr. Kirk Elliott

Transcript

House Passes Anti-CBDC Bill, Financial Giants Resigning... It's COMING w/ Dr. Kirk Elliott · Man in America Podcast

• 0:13
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holhouse. As we've talked about a lot, I believe that one of the greatest threats to our freedom comes in the form of digital currencies, specifically central bank digital currency, which I believe would take away our freedoms in ways that we've never even imagined before be that significant. Now this past week, the house passed a bill that actually bans the Federal Reserve from issuing a central bank digital currency to the American citizens. Now this seems like a fantastic thing because it is.
• 0:48
  It's still forward progress, but there's a lot of things in there that are catching that aren't necessarily what they seem. So today, with my guest, doctor Kirk Kelly, we're gonna be looking into the specifics of that bill and seeing what it really means and how it's only applying to a specific area of how it's gonna affect us, and that we're still open to a very wide range of threats, especially on the global level. But we're also gonna be talking about some recent resignations of some very significant people in the banking industry, including Klaus Schwab himself, stepping down as the, you know, the, I think, chairman of the World Economic Forum. We've got Jamie Dimon from Chase announcing he's stepping down the head of the FDIC. There's some pretty significant kind of oddly timed resignations and announces of resignations from major major players in the financial industry.
• 1:38
  And finally, we're gonna be discussing what's the bigger picture of what's happening with the BRICS nations and the dedollarization as we've talked about extensively on this show. So we had, I think, the past couple of days, a major major person from the banking industry in Russia. I think he he runs the second largest bank in Russia, if I'm not mistaken. Made a few statements, but pretty significant statements about where the American economy is headed. And it's hard to ignore his words, and he's speaking, I feel very honestly about where we're heading if we continue creating this much debt.
• 2:15
  We're we're rapidly going into debt in a pace that probably never been seen before on this earth. I mean, it's absolutely insane. But he also shows how vulnerable the American system is. Not just our financial system, but but the government, the way of life in America as we see it, how vulnerable we are. Because as he points out, if some of these BRICS nations start dumping some of their US treasury bonds, that right there could in with conjunction and in conjunction of with the money printing, could spell the end of America as we know it.
• 2:48
  So there's some pretty serious topics we're gonna be discussing here. So please enjoy the show. Kirk, it's great to have you on as usual. Thank you for being here today.
• 2:59
  Speaker 2: Oh, it's so great to be with you. Hope you had an amazing Memorial Day weekend.
• 3:03
  Seth Holehouse: We did. Yeah. It was it was it was wonderful. Family, flags, freedom, if that's all you can ask for. So it was it was great.
• 3:12
  Thank you.
• 3:12
  Speaker 2: Yeah. Somber thing to remember those who gave their lives, you know, for us to have freedom, but it's a celebration. It's a celebration of their lives and that we do have freedom. I mean, it's it's kind of a little bit of give and take there.
• 3:28
  Seth Holehouse: Yeah. It's also a reminder of the cost of freedom. And I think that in a lot of ways, we've forgotten what the cost of freedom is. But we're learning it now as our freedom is on the knife's edge, unfortunately. So but, you know, as you and I have talked about a lot, one of the biggest ways that your freedoms are taken away is through the financial system.
• 3:52
  And we've spent a lot of time discussing central bank digital currencies. You know? And not just CBDCs, but also Unified Ledger, the the the much bigger picture of what this means to have our stuff digitally controlled. And so one thing that happened recently, actually, I'll pull up the the press release here, is the house passes pass this is earlier, you know, about a little over a week ago. A actually, no, only a couple days ago.
• 4:24
  So here we go. House passes CBDC anti surveillance state act. It says, today, the US House of Representatives passed h r five four zero three, the CBDC Anti Surveillance State Act, sponsored by majority whip Tom Emmer. It says it halts unelected bureaucrats from issuing issuing a central bank digital currency, which would threaten Americans right to financial privacy without explicit authorization from Congress, which that that seems like a little bit of a yeah. Not sure I'll come to play with that.
• 4:57
  But I I wanna I wanna see what you think of this because this looks like a major win. It's like, okay. Great. You know, the the the giant threat on the horizon now is being subdued, but is there more to it than what there seems?
• 5:14
  Speaker 2: You know, there always is. I mean, there just there just always is. But when you look at it, it's like, sweet. This is a win. They're gonna they're gonna say central bank digital currency is outlawed.
• 5:27
  And, just like what Norway did over the weekend, right? Norway actually said you can use cash in Norway. It doesn't all have to be digital. We basically prohibit retailers and merchants in Norway from rejecting customers because they want to pay cash. Right?
• 5:47
  So it's like, okay. That one actually is more of a win than than what this one is, even though the house said, no. We're not gonna have CBDCs issued by the Fed. Okay. So there's there's some language in the bill that I kind of want to look at.
• 6:05
  So there's a subsection, and there's an a b and a c part of it. If you scroll down there, it's pretty close to the top, but a little bit further, a little bit further, it's coming up. Okay, here. So Section 16 of the Federal Reserve Act is amended. So they want to amend the Federal Reserve Act from 1913.
• 6:30
  We're adding a new paragraph. A Federal Reserve Bank shall not offer products or services directly to an individual, maintain an account on behalf of an individual, or issue a central bank digital currency or any digital asset that is substantially similar under any other name or label directly to an individual. So people are looking at it and say, sweet, Federal Reserve can't issue a central bank digital currency or offer products to clients, which is what the FedNow app would be. But here's where words have meaning, especially when it's in a bill. So did they talk about nongovernmental organizations or other entities issuing digital currency or central bank type digital currency?
• 7:21
  No, they said the Fed. So here's where, to me, they're missing the entire point. And I think politicians are smarter than this, and they know that to me, this is window dressing. It's political theater, trying to get people to say, Oh, Congresswoman, you're amazing. You rejected central bank digital currency when 98% of the world wants it, and all these countries are behind it.
• 7:50
  But what does it not prohibit? It doesn't prohibit a global central bank digital currency issued by, for example, the Bank for International Settlements or the World Bank or the International Monetary Fund or some kind of a special drawing right from the United Nations or something like that. So to me, central bank digital currency is going to be a global thing. Because if you look at Agenda 02/1930 and the tenets of it, they want a one world government, they want a universal currency for everybody, they want population control. I mean, they want all kinds of stuff.
• 8:33
  But really, they want one political system for the whole world. They want one currency for the whole world. Right? So when you look at that, everything that we've looked at that you referenced in the first part of the show, the unified ledger. That what a digital currency actually is, it's programmable money that can cut you off from buying or selling if your ideology doesn't match up with the globalist agenda.
• 9:00
  But the the unified ledger is a creepy thing because everything that you own gets tokenized and you can change ownership of everything that you own with the flip of a switch. Now, why would they limit themselves to just a country being able to do that? And the answer is they wouldn't. But this is a global thing. So what the bill does say is that you can't have the Fed issuing a central bank digital currency, but it says nothing about a global nongovernmental institution.
• 9:34
  And here's the thing, Seth, Biden already allowed for that to happen. When he basically went into the World Health Organization's one hundred and ninety two countries that say the president of the World Health Organization under a state of a global health crisis can stop your travel, can restrict your purchases, can restrict you from even opening a bank account, they can do all kinds of things. So our sovereignty was given up already by our president to this nongovernmental organization. And what do they do? They're going to be able to actually issue a central bank digital currency if they want to, because they can control it.
• 10:19
  With the stroke of a pen or with the power of their voice, they can say, you know what? It's a national emergency, a national health emergency. We have to get the global economy in lockstep with what this agenda is to save it from disease X or something like that. So therefore, we're mandating that everybody goes into a global currency issued by the IMF, let's say. I mean, we already gave up our sovereignty.
• 10:51
  So who cares what the house actually said in this? To me, it has no teeth because okay. So let's just say that it did have teeth. Well, it still has to pass the senate, and I don't think the senate would actually go along with the house. You know, it's too close there.
• 11:12
  There's only a couple votes difference. And then let's say that the senate did pass it. Well, then the president has to ratify it or veto it. Right? So so either way, I don't think that we get it in its current form because either the Senate rejects it or the president does.
• 11:28
  But let's take it one step further. Let's say the Senate does accept this bill and they vote the same, and then the president accepts it. Well, why would they do that? Well, because they know that CBDCs doesn't matter at the federal level. It matters at the global level to actually have everybody be a global citizen.
• 11:50
  So to me, this bill that a lot of people on the right are very excited about, eliminating central bank digital currency, to me is truly political theater in an election year. I truly don't think it matters. And I'm not trying to be a negative Nelly. I'm just saying that words have meanings in bills. And to me, this bill actually has no meaning to it because they didn't broadly define enough who could issue central bank digital currency and who can't.
• 12:18
  They limited it to the Fed, not everything else that are global entities.
• 12:25
  Seth Holehouse: So one question that I have, and I think you're a good person to answer this because you deal with a lot of people that are trying to escape the economic system or systems that could end up enslaving them. Right? So they're they're getting out of the the path of that train. So looking at this, and I agree with you, especially from hearing your perspective that, you know, that they're I'll pull back up again because you can see, like, specifically, right, the Federal Reserve Bank shall not. It didn't say that no governing or no no, you know, banking organization, you know, federal or international may, you know, do x.
• 13:04
  It was just the Federal Reserve Bank. I mean, they could probably create some sort of shell company and call it the Federal Digital Reserve, and then it probably wouldn't we would no longer be stopped by this. Right? But
• 13:15
  Speaker 2: Right.
• 13:16
  Seth Holehouse: The question I have though is, it seems like, say, a year and a half ago when you and I were discussing CBDC, that a lot of your average folks here in America, if you said, you know, one of the greatest threats is CBDC, they'd say, oh, yeah. Is that like the the marijuana cream? Like the the CBD cream? They just didn't they didn't understand it. So do you think that the fact that a bill that, know, actually, I'll go back to, you know, pull up pull up in the the web page.
• 13:48
  So something that literally states as as we talked as I read in the other page actually, I'll pull up the other one right here. Right? Where they say that the CBDC would threaten Americans' right to financial privacy, this is on the financialservicescommittee.house.gov website, do you think that there's been a much larger public awareness of Central Bank digital currency? Because ultimately, I don't really trust anything that Congress does or really anything the president or anything that Trump says he's going to do. It's like, well, they're gonna find ways around it.
• 14:25
  I think the only thing that really matters is if enough people, enough of We The People reject these systems, which is why I'm doing what I'm doing with this show is to get enough people to see it for what it is and say, I'm not playing in that game. Like, I because it's like any way we play their game, we lose. So the way to win is just don't play the game. So do you think that this is a reflection of more of the the general American public becoming aware of CBDC? And are you seeing through your own business and your own interaction with people, are you seeing that reflected on the client side that there's a much more awake public when it comes to the threat of these, central bank digital currencies?
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• 15:51
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• 16:21
  Speaker 2: Yes. But I think it's multifaceted. So to answer that specific question, yeah. People have an inherent at least people who are freedom loving people have an inherent distrust and distaste for Big Brother, right? Which is what central bank digital currency is all about.
• 16:41
  It's not intended to fix a broken system. It's intended for people control. Mean, look at the Bank for International Settlements memorandums. You know, the ability to cut off bank wires from bank to bank if the ideology of the use of funds doesn't match up. Look at the World Economic Forum, programmable money based on your digital social profile and social credit score.
• 17:06
  That's ideologically based spending. It's their words, not mine. Right? So everybody has this inherent distrust of that. But there's also an inherent distrust of banking in general.
• 17:21
  As banks are starting to really run out of money, be undercapitalized, and we just had news three weeks ago, a month ago, of the big regional bank in Philadelphia that went into FDIC receivership. Silicon Valley Bank and all those banks from last year. So this has got people on edge. And then here's where I start connecting some serious dots, right? And things aren't quite as they seem.
• 17:54
  So you look at what happened last week alone, and who's resigning from their positions? Massive numbers of big bank leaders are resigning. Jamie Dimon of JPMorgan Chase, the CEO, announced his resignation of of Chase. The guy who serves as the executive director of JPMorgan Chase resigned. The president of the FDIC resigned.
• 18:22
  Klaus Schwab of the World Economic Forum resigned. The CEO of HSBC resigned. So why? I mean, a lot of these people are big massive globalists, been working on central bank digital currency for decades, right? For this whole plan of Agenda 02/1930, And then more recently, starting in 2019, really this march towards central bank digital currency.
• 18:49
  And you know what? They're almost there with climate control and everything else and surveillance and digitizing money and getting rid of paper currency, kicking the US dollar out of the global sandbox and that power shift to the BRICS nations. Literally, their dream is almost fulfilled. So why would they step down? So I'm thinking about this.
• 19:16
  It's like, okay, what would make me step down if we were about to get our dream of global domination just right around the corner? Well, if they know that people aren't really going to accept it and it's going to have massive revolt and upheaval and revolution style response, and anybody who's in power is going to get caught holding the bag. Right? They're going to get blamed for it. So if they resign, they're not necessarily going to get blamed for it.
• 19:45
  They're gone. Whoever is in power is going to get blamed for it. This is why Trump said, you know, a couple months ago, said, I hope that the economy collapses before I get in. So people misinterpret that. It's like, Trump is evil, he's anti American, he doesn't want The US economy to thrive.
• 20:07
  It's like, yes, he does. That's why he's running. He needs to change things. What he was saying is it's going to collapse whether I'm in or not right away because there's been so much damage done. He wants to be the guy that rebuilds it.
• 20:20
  But he says if it happens after I get in, people are going to blame me, even though it's not my fault. Right? So maybe they want out. I don't know. I don't know.
• 20:31
  But two of the banks, this is an interesting side note, JPMorgan Chase and HSBC are the largest global shorters of silver on the planet. Massive amounts of naked shorts, like hundreds of millions of ounces in naked short positions. So then the Friday before Iran did the drone strikes on Israel, they recommended all their citizens that they start buying silver rather than gold because they knew and they recognized these short positions. And if they want to beat America without ever firing a bullet, you just create fear and you cause their banking system to go down. Well, that massive number of short positions, they get hurt in multiples, not dollar for dollar, multiples if the price of silver goes up.
• 21:26
  So it's like, Seth, look what's happened to silver in the last two and a half months, Literally the last, I don't know, ten weeks, silver has gone from 22 and a half to 32. Right? It's up like almost 50% in two and a half months. Those banks that have naked short positions are in crisis mode. And you look at some different stories globally, Like, oh, the CEO of the second largest bank in Russia.
• 22:08
  There was this article on ZeroHedge that I was reading just earlier this morning. He warns that The US is inevitably headed for a serious economic crisis. But what he said in there, there was one direct quote that is really interesting, and it goes along with this naked shorts that these banks have in silver. So for those keeping tabs, The US debt surpassed $33,000,000,000,000 for the first time. The US added $1,000,000,000,000 worth of debt in three months.
• 22:42
  So once we hit 33,000,000,000,000, a hundred days later, we added another trillion. We're adding a trillion dollars of new debt every hundred days. Right? So now we're at like 34 and a half trillion. Right?
• 22:55
  So this is interesting. So you read what this guy said, and on that article you scroll down a little bit further, bit further, a trillion dollars every hundred days. But there's a direct quote after these pictures show up that I've got to read to you because it's right there. So I am thoroughly convinced that America is inevitably headed for a serious economic crisis. The amount of debt currently held by The US today has reached inconceivable astronomical levels, and the dollar's monopoly on the global stage is the only thing enabling the Americans to maintain such a level of debt.
• 23:42
  If the Chinese or the Arabs took their money out of The US, a complete collapse would ensue for the financial sector and the government. It's like, oh my word, Seth. What did he just say? He just said that the BRICS nations, if they start liquidating their US treasuries, putting them on the open market, destroying the US dollar. If they start not holding US treasuries and start liquidating them, The US economy is toast.
• 24:14
  It's on such precarious grounds that would destroy the financial system. It would destroy The US economy. And what is Russia doing? They got rid of all of their US Treasuries. What is China doing?
• 24:28
  I mean, they're dumping US Treasuries like there's nobody's business.
• 24:32
  Seth Holehouse: Here's China, this chart right here. You can see.
• 24:35
  Speaker 2: Yeah. I mean, look. I mean, it's just actually coming down a lot of their number of holdings. Because what what did it start at? You know, its peak 1,500.
• 24:47
  So $1,500,000,000,000, and now it's at, like, 800,000,000,000. So, I mean, we're almost 50% down in their holdings. And so they continue to liquidate, liquidate, liquidate. Who's buying those U. S.
• 25:04
  Treasuries? The rest of the world isn't. It's the Federal Reserve. The Federal Reserve is using money that they print out of thin air to be the buyer of last resort. And this is why we have the inflation.
• 25:17
  This is why we have this explosive debt. And this is why the CEO of the second largest bank in Russia was pretty well connected, I'm sure. It would be like Jamie Dimon here in America talking to Biden. I'm sure this guy talks to Putin a lot if he's got the second largest bank in Russia. They know what's coming, Seth.
• 25:37
  They know that The US is on shaky ground. And because of our debt, you know, this is biblical truth ringing out loudly. A borrower is a slave to the lender. You can't keep using other people's money. You ultimately have to pay the piper or it's over.
• 25:53
  That's why God warns us numerous times throughout the word, his word, to don't get into debt. Live within your means, have wisdom, have discernment. And we haven't. And now even CEOs of foreign banks are seeing the writings on the wall. It's over.
• 26:12
  And there's a power shift from the West to the East. And the BRICS nations, the BRICS plus plus plus nations, I hate to say it because I'm American, I want a strong dollar. Mean, I want a vibrant economy. But we're not playing this well. And we've lost that status as the reserve currency and everything else, and it's going to the East.
• 26:33
  And I don't think we can get it back at this point without a complete collapse of what we have and then somebody like Trump coming in, changing it all together. You know, what did what did he wanna do? He wants to fight back. He said, hey. First thing when I get into office, I'm gonna slap massive tariffs on Chinese goods.
• 26:54
  I'd say, okay. So this is a delicate thing to do because you slap tariffs on Chinese goods. Sure. It hurts them economically, but it has to be done quickly and swiftly and big because, ultimately, if you put tariffs on Chinese goods and we're still importing a ton of stuff from China, it makes all of our stuff more expensive. And you're going to have The US population in complete crying out for help.
• 27:21
  It's like what? Prices are even higher than they used to be. You slap tariffs on foreign oil. Yeah, great way to hurt them because we won't be buying foreign oil. But since we still import so much, it impacts us.
• 27:36
  And so these things have to be done quickly and they have to be done in a very wise way. And this is why these things are very delicate. But this is why I think that CEO of that Russian bank says, We are spinning for an economic disaster because it's very difficult to get out of the debt situation that we're in. Even with diplomatic and political maneuverings, it's very difficult, Seth.
• 28:01
  Seth Holehouse: There's one other chart in that article, which I thought was really interesting. It's right below showing that how China has been dumping its treasury holdings, right, since really, it started around 02/2015, '2 thousand '16 is when they started kinda dropping. But then this next graph here, which this is interesting. It shows it says it's not just China. It says treasury holdings are relatively flat based on fed custody data, while according to the IMF, the world's sovereign nations have been panic buying gold.
• 28:38
  So this chart, the green line shows the world treasury reserves. Right? These are from my understanding, this is the amount of treasuries that are out globally, just in China. For instance, all the countries holding US Treasuries. But then if you look at around 2019, you can see that there's this massive spike increasing in gold.
• 29:01
  So I would imagine, and correct me if I'm wrong, that they're printing so much money. They're dumping so much money into the market that a flat line of world treasury reserves is a really bad thing that you'd I'm guessing you'd wanna see that line going up in some sort of correlation to the money printing. But then if you look at the fact that it's not going up, but gold reserves are skyrocketing. I mean, gold reserves have basically doubled since 2019. They've gone from roughly, I'm not sure exactly what number this indicates, whether it's, you know, three I'm not sure what it's measuring there.
• 29:44
  What's it, you know, 3,000,000. It says, yeah, 3,000,000 ounces or whatever that, you know, whatever that's measuring there. But it's up to almost five and a half. So Yeah. It seems like they know what's coming.
• 29:59
  They they can see what's coming. And nations that aren't run the way our government is are telling their citizens. I'm seeing hearing people talk about how, yeah, yeah, over, you know, we're in Indonesia or Vietnam or China, and the government's telling us buy precious metals, buy precious metals. We're here in America. They're not saying that at all.
• 30:19
  They're saying, oh, you know, we're gonna we're gonna pay your student loans back for you, if anything. So, yeah, I I think that something is coming, certainly. And all if if you put all this information together, it's hard to ignore. And and but I do just wanna go back and just read one more time the the words of that CEO of the you say this he's the CEO of the second largest bank in Russia. Is that what you say?
• 30:47
  Speaker 2: Uh-huh. Yeah. Second largest bank in Russia.
• 30:49
  Seth Holehouse: Yeah. Saying, I'm thoroughly convinced that America is inevitably headed for a serious economic crisis. The amount of debt currently held by The US today has reached inconceivable astronomical levels, and the dollars monopoly on the global stage is the only thing enabling the Americans to maintain such a level of debt. If the Chinese or the Arabs took their money out of The US, a complete collapse would ensue for the financial sector and the government. So and this is I mean, that's those are significant words coming from a major banking player in one of the most major BRICS nations saying he's kind of saying, look, America, we got you by the balls.
• 31:34
  We own all your debt, a large part of this debt. And if we dump it, your whole Ponzi scheme of money printing and everything is gonna collapse. It's not just your financial sector, the key there right there, and the government. Like, so he's saying that basically, these BRICS nations have the ability through their financial maneuvers to collapse our government. And this is this is really, really, really significant.
• 32:03
  This should be headline, you know, on all the major media, like talking about not this guy's words specifically, because, know, he's just one person of many globally, but this I mean, you and I know. He's not making things up. This is real. Like, that would be the effect.
• 32:21
  Speaker 2: Well, look at the next line that he put when it says, Kostan added. Right? If the West fails to revise its policy, I think that the move toward the collapse of the colonial system, the American way of life, a representative republic, right, will only accelerate. So he's saying that this financial collapse would also result in a change of our he basically amplified the change in our government statement. Right?
• 32:51
  He's expecting a complete overhaul. And what happens after this cycle of democracy, so to speak, kinda finishes its course. You change from a republic to a dictatorship or a dictatorship to a republic. When it goes full cycle, this bondage that's created by putting too much power in the hands of the government, then it becomes too much for people and it creates a cycle of slavery and bondage again. And so he's seeing the end of the American way is what he's seeing from this financial collapse.
• 33:29
  Now, granted, just one guy, right? But a smart one who's probably in communication with Putin a lot, being the second largest bank in Russia. They know what their plan is to de dollarize the world, and they're doing a really good job with it. How are they doing that? By allocating into mountains of gold, by giving themselves credibility, accountability, pulling out of these systems, know, these digital command and control type systems.
• 34:03
  And people think that Russia is like this horrible communist country. Right? It's like, yeah, they're run by a ruthless dictator, but they've actually got more freedoms than America has in a in a lot of ways. I know people are gonna throw rotten tomatoes at me, but you look at I mean, when you look at Russia, it's like you assume that they're gonna be run by a dictator. You look at America, and that's not the assumption, but we are.
• 34:29
  Right? So that's more dangerous to me than somebody that's like, okay, what you see is what you get, where what you say is not what you get. There's things behind I mean, this is how what America has turned into is is weirdness and cloak and shadows and and this move towards a complete globalist takeover of our way of life, Seth.
• 34:53
  Seth Holehouse: One thing I would say is that at least it seems like Putin is trying to protect his own nation. Right? Like, that's the thing is that he's he's looking out, whereas here, it just seems like the these criminals have taken over our government. They want our nation destroyed. Like, they they they they have no reason to protect our nation.
• 35:12
  It's actually part of their agenda to completely collapse it. But, you know, something I was gonna mention just in talking about this this overall shift is that we we look at that chart with, you know, the IMF, you know, showing the gold holdings and everything. We've been talking about this. They're talking about it. And let's use you know, it's it's a it's a little bit farther fetched with currency.
• 35:34
  Let's let's imagine food. It's almost like it's almost like here in America. Let's imagine that we're getting ready to enter into a major major famine globally. Yeah. And the BRICS nations know the famine is coming, and they're telling all of their citizens stock up on rice, stock up on beans, stock up on wheat.
• 35:55
  You have their governments doing the same. You look at, you know, which you actually have this. You look at China's buying of of grains, and you know, China, I think, has the largest grain reserve globally. But it's almost like all these countries are massively stocking up on grain, telling us citizens to stock up on grain. We have the leaders of these countries, and leaders like to say, you know, the major farming industry is saying, hey, everybody, hey, Americans, there's gonna be a big famine.
• 36:20
  These are all the reasons that's gonna that's gonna be coming. Like, you better go buy some food. And yet here in America, our government saying, folks, don't worry about it. We got you taken care of, you know, there's there's gonna be lots of food for everybody. Don't buy, don't buy food.
• 36:35
  Yet the people like yourself and me were like, we're we're, you know, go to the rooftop saying, folks, there's a famine coming. Buy wheat. You know, you get it now while you can. To me, that's the analogy of precious metals. It's like half the world sees it.
• 36:50
  You look at the buyings of these IMF, you you look at these massive, you know, countries. They see what's coming, and they're stocking up like mad on precious metals. They're telling their citizens to stock up like mad on precious metals because they know what's coming. Whereas here in America, there's lying through their teeth because they want us to suffer. Want financial collapse to come.
• 37:11
  They want us to be so poor and so broken that we're begging them for anything, and we'll take any kind of CBD system as long as it gives us that little bit of comfort and security at night. And and that's what and that's again, that this is what we're doing. This is what we're trying get this message out there is that we have to get out of the way. So Kirk, precious metals, if folks want to work with you on precious metals, what you know, give me a quick kind of rundown. Because I think a lot of folks have a lot of their their assets sitting in IRAs, retirement accounts, four zero one k's, etcetera.
• 37:44
  And they feel like, well, it's kinda locked up until I retire. It's locked up for these reasons. You know, for folks like that that have been hesitant, first time buyers or not, how does that work? If they want to say thinking, you know, think, you know what, I might as well move a third of that account over into silver because just in case, right? The same reason why if I have some extra money, I'm going to go buy some seeds, I'm going to go buy some some grain.
• 38:09
  Walk us through that process.
• 38:11
  Speaker 2: So it's simply you just call our office, (720) 605-3900 and say Seth sent you. Or you go to the website link, goldwithseth.com. And what will happen is you will get scheduled. One of our schedulers will talk to you, ask you a few questions. What is it that Kirk and Seth talked about that caused you to want to reach out?
• 38:31
  What are your fears? What are your concerns? What are your dreams? And then we'll put you on the calendar with one of my amazing consultants who think like I do. They're bending over backwards to help.
• 38:42
  And craft a strategy for success moving forward using precious metals to hedge against your other paper assets or things that you have. Right? So so then from that point, you know, we we fill out little brief little forms, you know, to move money from account to account, you know, do an IRA rollover or just, you know, you wire the funds to us, and we call you when the funds arrive, and we confirm the allocation, and we buy it. Because it's never done it's not a discretionary account. It's not our money.
• 39:13
  It's yours. I don't even believe it's your money. I believe it's God's money. So nothing is done without your permission. But my team will bend over backwards to do everything except fill out a couple small little forms.
• 39:26
  That's it. And so it's a real easy process. I've kept it simple on purpose and by design all of these decades to make the process easy. Because a lot of people, Seth, think gold and silver is hard. I've never done it before.
• 39:40
  I don't know what to think. It's a little scary. It's not. To me, it's just like any other asset. It's like buying a stock, bond, a mutual fund, anything.
• 39:48
  Right? And so that's why we've made it really, really easy. It's just another thing that you can buy. And it's actually way easier than opening up a brokerage account because it's a private transaction. You wire the funds, we ship you the metals, you have it.
• 40:05
  And then when you sell it, you have to basically report your capital gains on your tax return. But these are things that only in certain circumstances we have to report on liquidation. It's like if you have 1,000 ounces or more or something like that. You always have to, as a person, as an individual, report your capital gains. And this is let the buyer beware.
• 40:28
  And the reason I brought that up is because there's so many dealers out there that are saying, Oh, old rare coins, you don't have to ever report them, wink, wink. It's like, no, that's wrong. You always have to report your gains. They're lying to you. And it's like, this is the kind of misconceptions that we want to educate every single client on because gold and silver is so easy, so beneficial.
• 40:54
  When you look at what it's done over the last two and a half months, it's up almost well over 40%. When you look at what it's done over the last three and a half years, up over 140%. I mean, these are amazing growth numbers that we should take advantage of that to some level, to some degree, to hedge yourself against your other paper assets.
• 41:20
  Seth Holehouse: Well, thank you for walking us through that. So the phone number, the website will be in the description below the video or the podcast. Kirk, again, it's always great having you on. Thank you so much for doing what you're doing. Look forward to next week.
• 41:34
  Thank you again.
• 41:35
  Speaker 2: It's my pleasure. We'll talk to you soon.
• 41:37
  Robert Kiyosaki: All
• 41:37
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• 41:59
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• 42:29
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