Latest / Man in America Podcast / SHOCKING Proof: Grocery Prices Tripled in Just Two Years!!! w/ Dr. Kirk Elliott

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SHOCKING Proof: Grocery Prices Tripled in Just Two Years!!! 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 the stock market has been great. I'm sure you've been watching it. It's, you know, reaching all time highs every other week now.
• 0:13
  Now granted, there's some weird stuff happening with Nvidia and the amount of money that's really focused in that one particular stock, which is some cause for worry. But overall, everyone's excited about the stock market except for the hedge funds. So they pull up an article that I'll be covering today in this interview. So right here, this is a an article from Zero Hedge. It just came out, and it's getting out of dodge.
• 0:37
  Hedge funds are selling and shorting stocks at the fastest pace in two years. So they sense something is coming. What is it? What could be coming? What are the charts telling us?
• 0:51
  What are the trends telling us? How is this related to what's happening with Russia and the sanctions over there? And, also, a recent sanction has now caused a major shift in the banking in Russia as the Bank of China is now basically backing off of Russia because they're scared of the sanctions that The United States is now putting on countries that are working with Russia. So it gets pretty complex, but thankfully, we've got my good friend, doctor Kirk Elliott, to help us understand these details. So folks, please enjoy the interview.
• 1:26
  Kirk, great to have you back on, man. Thank you for being here with us today.
• 1:30
  Speaker 2: It's so great to be with you. This time of year, we celebrate our independence, right? And it's just, I was thinking about this this week, and we all celebrate our independence from England, right? 07/04/1770 But to me, as I was watching the debate, I started to realize this Independence Day isn't a one and done thing that we celebrate. Literally, the war for independence is a daily battle, right?
• 2:05
  It's this action verb. It's this long term process because you fall asleep for even a couple of months, right? Look what could happen. Look at the debate. Look at the rhetoric.
• 2:18
  Look at the nonsense that's spewing out. Look at the egregious attack on our freedoms and what you lose if you ever give up the fight for independence, right? And so I was just thinking it's like a lot of we just celebrate, Oh, it's our Independence Day. It's when we became a nation. It should be.
• 2:38
  This is our Independence Day to keep our nation, right? It's like it's this ongoing thing that we do. So anyways, a little bit of a rabbit trail, but, you know, it's It know, Fourth of July. It's a good
• 2:50
  Seth Holehouse: point because when you think of Fourth of July, it's cookouts, pool parties, fireworks where I mean, it it should be maybe more of a a you know you know, dads and families and parents getting together and and war gaming where the country's at and and reflecting on what our independence mean and, or means and what the founding fathers sacrificed to give us the independence and freedom that we have and how close it is. So from being taken, which, you know, I guess, you know, like most shows that that, you know, we put out are, I guess, that theme. Right? It's like, okay. Let's take a hard look at where we're at folks and how to get out of this ass.
• 3:27
  So, know, of course, as we we know, you actually even looking at the the debates and the discussion of inflation and and the economy, obviously, was central in the debate. And I thought it was comical that they're saying that, oh, you know, a hundred dollars of groceries is now a hundred and $20 of groceries. Whereas in our last interview, we had the one guy showing from Walmart that they went from a hundred bucks to $400. So there's obviously a lot that, you know, people are really out of touch with in terms of what the media is saying versus the on the ground of of what the average person's doing. And, of course, you know, you have Biden painting a picture of a strong economy and everything, but all the indicators are showing that it's not really the case.
• 4:10
  And so the first article I wanna jump in with you that that you had sent me was this one from Zero Hedge. You know, getting out of Dodge. Head hedge funds are selling and shorting stocks at the fastest pace in two years. So this seems kind of alarming, but it's only the fastest pace in two years. It can mean different things.
• 4:29
  But how do you make sense of this? And and keep in mind, we're not gonna be digging into all these different graphs. I think it's gonna be way over my head and and probably a lot of the audience's head. But help us understand what's the significance of this.
• 4:43
  Speaker 2: So first of all, you say, okay, highest rate in two years. So you and I were talking. It's like, well, what happened two years ago? You know, why was it accelerated then? It was COVID, right?
• 4:55
  One of the worst economies the nation has ever seen. And companies, these hedge funds were dumping stocks like nobody's business because why do you sell something? Or actually, let's take the reverse. Why do you keep something? Why do you invest in something?
• 5:10
  Well, because you expect company A, whatever it is, is you're going to invest in it because you know that down the road, they've got great management, the economy is booming, it's going to grow, and I want to grow my retirement, Right? So if you're selling, the contrary is true. You're not expecting things to grow. You're not expecting it to do well. So it's human nature.
• 5:33
  You pull back the reins. It's like, I'm just going to sit in cash and sit on the sideline. I don't want to lose moving forward because I expect it's going to come down. So what does this accelerated selling and shorting say? Says they don't believe Biden's nonsense during the debate.
• 5:52
  They don't believe it. If they did, if they believe that he's got the strongest economy of any president, that that, oh, he inherited inflation from Trump, for crying out loud, or no, we've got strong employment and wages are going up when actually the opposite is all true. And then you've got stupid Jake Tapper, right? One of the moderators who with a straight face, like he was talking about science, said inflation's only gone up 20% since Biden became president three and a half years ago. It's like, what?
• 6:28
  I mean, you referenced it. That video, right, of that kid, it was up 185%. And let's just say that that kid had some item in his shopping cart that was heavily weighted and that went up a ton. Well, Okay, let's just take half of that growth. Let's just say it's 90%.
• 6:50
  I mean, good grief. Even if it's 50% wrong, it's still close to 100% over a three and a half year span, right? So here's where these hedge fund managers are looking at the reality of the world. What do hedge fund managers look at? They look at the book value of companies.
• 7:12
  They look at the revenue of companies. They look at expenses. They look at, is this going to be a good company for us to invest in in our hedge fund? And they're seeing inflationary pressures, sales coming down, cost of goods going up. I mean, and so they're saying, it's time to just lock in a profit.
• 7:30
  Let's get out of Dodge. Right? And so to me, that's a that's actually pretty good leading economic indicator that's not really an economic indicator at all. You know, what are the hedge fund managers doing? But they're managing billions of dollars in each one of these hedge funds.
• 7:49
  They're not stupid people. Right? It's like but they're getting out. They're selling. They don't want to come down because they're seeing that the economy isn't robust.
• 8:01
  And I mean, that's how I, you know, without looking at all the fancy technical charts, it's just it's like reading Chinese to a lot of people. And so we don't need to go into the technicals of it. But that's kind of the nuts and bolts of why they did what they did and why they're probably going to continue doing what they're doing. It's because the economy isn't strong right now.
• 8:25
  Seth Holehouse: Well, if you look at my the Dow, this is a the chart of the of Dow Jones over the past five years. If they're saying that the the biggest they've shorted and sold off inventory since in the past two years. If we look at what was happening around two years ago, on this chart, you know, zoom in a little bit so we can see a little better. So we came in. So, you know, the beginning of the year, Dow was at, you know, over 34,000.
• 8:50
  Right? So, actually, in the end of last year, 12/31/2021, Dow was at 36,000. Right? That was a high number. So I remember this time, and this is around the time I think I had Aaron Brickman on, and there was a there was a lot of discussions about what was happening towards September heading into October.
• 9:09
  And I remember there were a lot of financial experts that were positing that they thought that there's gonna be some sort of crash in October. Now we did see that in August from August, there's a high in August of $33,007.61. And by about a month later, you know, in September, it was it was down to, you know, 28,700. So that right there, you know, it lost 5,000 points. Actually, wait.
• 9:38
  Let's see. Yeah. So 28 down to 28. So, yes, it lost, you know, about 5,000 points from August to September, and now a lot of people the discussion at that time were saying that, okay. This is if if a few things happen, it's this is just the first loss.
• 9:54
  It's gonna hit another one, and it's gonna be pretty significant. So it makes me wonder now at that time, it it also seemed like some sort of magical hand kept it all together. Like, everything was pointing towards something negative happened, but it seemed to have been lifted back up, probably because they're still mid, you know, mid through, you know, Biden's administration. They couldn't have him be the guy that has this huge financial crash happen. Right?
• 10:18
  A lot of people I've talked to are saying, yeah. They're keeping it at bay until Trump gets in because they think Trump will get in, and they wanna make sure that when Trump gets in, he he he's handed one of the most devastated economies you can imagine. And so it is it's interesting, though, looking at what was happening, you know, two years ago versus now and seeing so as right now, we're at almost 40,000, which is crazy. Right? But as to what happens over the next few months, it's it's it's hard to say.
• 10:52
  Speaker 2: It is hard to say except, you know, when you look at the economy and and it's like it's it's hard to say that, oh, the stock market was doing terrible during the Biden years. It didn't. It was yep. I mean, it's near all time highs. Right?
• 11:06
  But you have to look at the why. Right? Sometimes it's like, I don't care if interest rates are high or low. I wanna know why they are. I don't care if the stock market's high or low.
• 11:15
  I wanna know why. So during the Trump years, it was true revenue growth. The economy was growing. Jobs were increasing. Wages were going up.
• 11:25
  People were spending money. And the stock market is a function of revenue, first and foremost. Right? As people spend corporate earnings, revenues, profits go up and therefore so do share prices. Now, to companies investing in, you know, as you invest in their stocks and it brings money into those companies, revenue is revenue.
• 11:44
  They don't care where it comes from. To them, it's just an input. Well, where did that revenue come from during the Biden administration? Wasn't from job growth, wasn't from wage increases. It was stimulus money.
• 11:57
  Look at all the trillions of dollars that they've been printing to keep the economy propped up since COVID never stopped, which is why we've got this deficit spending a couple trillion dollars a year every single year that we're spending more than what we're bringing in. And for some reason, politicians say, yeah, that's pretty good. Let's just vote for it. It's like, what? In what world?
• 12:23
  I mean, Seth, your wife would want to just smack you upside the head if you sat down at the dinner table and said, hey, you know, we're going to spend a couple trillion dollars on what we have this year. I mean, use it in real numbers. I don't care if it if you make $100,000 a year and you spend $20,000 more than what you make, it's like it's still you're going into debt. Right? But we're going into you put it into perspective.
• 12:51
  We bring in about $4,800,000,000,000 a year in federal tax income tax revenue. If we're $2,000,000,000,000 in deficit every year, they're spending about 40% more than what they make year after year after year. That's absolutely unsustainable. And so the Biden administration kind of knows this. They brush it under the rug, and they keep manipulating the consumer price index inflation numbers.
• 13:21
  And and, you know, what they do not want truly is for the economy to collapse while they're in office. That's gonna collapse. And Trump's mentioned this, like, three or four months ago, and he got slammed for it because people said he's evil and he wants the economy to collapse. That's not what he said, and that's not what anybody wants. What he said was, I would rather the economy collapse now rather than when right after I get in, right?
• 13:54
  Because whoever is in office when it collapses, whether they were responsible for it or not, they're going to get the blame. He had nothing to do with it. Right? So that's all that he was saying, is that it's inevitable that the economy is going to collapse. I don't think there's a way out of that.
• 14:13
  Right? And you look at everything and all the reasons why I think it's unsustainable, the debt's unsustainable. Even if Trump were to come back tomorrow as president, and, you know, Reagan and Trump, the best economic presidents in the history of the country, and I would put Trump even one step above Reagan, really, because of what he was dealing with in the sense of, oh, coming off all the massive deficit spending. Reagan didn't have the massive balloon debt that Trump had to inherit, right? So managing all that, Trump is an amazing president for growing businesses and growing the economy.
• 14:53
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• 15:17
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• 15:55
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• 16:02
  Speaker 2: Well, you you look at where we're moving heading forward. It's like you've got you've got Russia and Putin who wants to de dollarize the world. They took away the petrodollar. The BRICS nations are rising up. The dollar is toast.
• 16:18
  We're no longer the reserve currency. And every time an economic sanction is put on Russia, the de dollarization accelerates because he just gets madder and madder and madder, right? So I don't even know if matter is a word. Maybe it's more mad. But we look back.
• 16:35
  Let's take a quick little step back in history about these sanctions on Russia. So first of all, I was talking to Laura Logan about this. The BRICS nations became the BRICS nations because of sanctions that were thrown on those countries individually. It's like, hey, if we have a large enough trading block like the European Union, right, if somebody puts a sanction on one of our countries, so what? We we've got this big trading block.
• 16:59
  We can overcome it. It minimizes the damage. So that's how the BRICS nation started. So now when when the Russia Ukraine conflict started, for whatever reason, I don't know, America seems to have this weird love affair with Ukraine. Right?
• 17:16
  And it's like especially our policymakers. And so that just ticks off because we're we're about to spend, what is the number? I wish I had the number. We're spending close to, I think, 8 is it 800,000,000,000 that we've dumped into Ukraine? The number is astronomical.
• 17:39
  That's just astronomical. Right? And so what if what if you don't win? That's just money that you threw away. Right?
• 17:45
  So so anyways, sanctions when you're dealing with Putin are different than sanctions than if you were to put sanctions on the Dominican Republic. It's like Dominican Republic, what do they produce? Bananas, you know, coconuts, pineapples, cigars, sugarcane. Not not a big deal. When you have economic sanctions on Russia, what do they have?
• 18:08
  Oil, gas, raw materials like aluminum, coal, all this stuff, right? And they've got a nuclear arsenal as a navy that's right off the coast of Miami. You've got Putin, who's a wildcard of a leader, and you don't And he wants He's just got this mission to de dollarize the world. It's like, I'm not saying I'm against economic sanctions on countries. I'm saying, read the room, people.
• 18:33
  Know your audience. When you're going to do something, things are going to have consequences and ramifications. And every time they do that, they're going to de dollarize the world. So this last one that they did So first, you had to get out of the SWIFT system wanting to starve out the population, and Putin got ticked. Three weeks ago, you had basically 300 economic sanctions put on Russia by the US Treasury Department.
• 18:57
  Then four days ago, another one. And because the BRICS nations basically are, a collective whole, kind of not immune to sanctions, but it doesn't impact them as much because they've got all countries in in concert with each other. So what did the Treasury Department do? They're sanctioning financial institutions and companies that do business with Russia. Right?
• 19:23
  Let's go after them. Right? If going after the country isn't so effective well, one of the the, like, least not assuming I didn't think that this would ever happen, quite honestly. Who got hurt in this sanction? The Bank of China, Seth.
• 19:40
  The Bank of China. It's like they're one of their BRICS nations, biggest of the BRICS nations. Right? And so the Russian division of the Bank of China ceased operations in Russia because they didn't want to be shut down from economic sanctions from the West. So what does that mean?
• 19:59
  That particular bank does all the currency transactions between the yuan and the ruble as these two massive BRICS nations are trading back and forth with each other. So this is going to have a pretty actually detrimental impact on the economy of Russia. And what it's going to probably cause is other financial intermediaries to jump in that maybe aren't as robust, that maybe don't have the security measures, that's going to be ripe with fraud. It's going to be kind of tough for Russia. So again, another just slap in the face to Putin.
• 20:31
  He's going to get ticked and ticked and ticked, and he's de dollarizing the world, right? So here's where I say know your audience and use some diplomacy when you're figuring some of these things out, because I don't think the sanction is really gonna hurt them all that bad because they'll just find something with China, something with India, some other way in the BRICS nations to to worm around this. But but, you know, you look at this and there's tensions and there's chaos and there's uncertainty. And now Hezbollah is rising up against Israel. Right?
• 21:06
  And Hezbollah has an army that's probably 10 times larger than Hamas. Right? And it's funded by Iran, which Iran is now part of the BRICS nations. It's like, ugh, what is happening here geopolitically? And we've got a weak leader at the helm.
• 21:22
  It's like, this stuff probably would not happen with Trump at the helm, tell you that much, right? So all of this stuff, Trump is going to inherit this cesspool, right? And you look so getting a little kind of political philosophy thinking here. You look at what Obama's mandate and mission was as a president and as a person, as a community organizer, and I'm going to paraphrase it. It's like you put enough toxic sewer into the system and you create questions in people.
• 21:56
  And they start questioning things, and they start questioning their leaders. And if you lose trust in the leaders, you've won the game, right? So this is what they've done now. You look at the debate, and I'm actually mad at Jill Biden. And I was like, Okay, Doctor.
• 22:18
  Jill, she's pushing her husband to keep running. It's like he's obviously he was stage. He was scared. He's obviously not there mentally, dementia, whatever it is, right? And had to be helped walk off the stage because he's got, I don't know, arthritis or stiff.
• 22:34
  He's just old, right? And so he couldn't think straight. And it was I I saw a meme. It's like, I think I just saw the last episode. This was the season finale of America.
• 22:44
  Right? It's like, oh, boy. It's, like, kind of funny, but sad in a sort of way. But, anyway, she's pushing him on because she loves being the first lady. Well, now, you had four or five top Democrats that came out and said, Biden's got some dementia type issues.
• 23:02
  Why don't we bring in somebody that's younger, that's more robust, that can communicate better? So who did they bring in? Who's now wanting to take that poll position, right? So you got Gretchen Whitmer. You've got Hillary Clinton.
• 23:16
  You've got Michelle Obama. You've got Kamala Harris and Gavin Newsom. Every single one of those people are almost devotees of Obama's philosophy, right? Just like Biden was. Biden is Obama's mini me.
• 23:31
  It was his vice president, right? So no matter who Trump goes against, it's the same story, the same mission, maybe somebody that can talk, right? But it's the same. And America is now saying, this is too much. This is too much government overreach.
• 23:49
  And I have a feeling that Trump could actually win really big no matter who they put up because it's the same rhetoric that's coming right from Obama's camp, maybe from the Clinton camp before them, maybe from pages of Saul Alinsky and whoever, and Valerie Jarrett, whoever wrote this book on community organizing and creating distrust of leaders, this is what Trump is running against. And you know what? With the Supreme Court decision on presidential immunity, I'm seeing that truth is starting to prevail over darkness. And this is that continuing battle for our independence That's this ongoing action verb, and we're starting to see victory, Seth, and it's exciting to me.
• 24:41
  Seth Holehouse: Oh, I I agree. It's absolutely when you look around, you can see it's like you you're you're at war, and you realize like, wait. The the enemy, like, their their their generals got, you know, pneumonia, and the two other generals are in there's infighting, and, you know, they're completely disorganized, and you can absolutely see it. But, you know, it the what worries me though is that even if Trump does get in, what's he get handed? Right?
• 25:08
  And that's the Yeah. That's the frightening thing. So I wanna bring up one other article because this is this is the damage that's been done to America right here. Right? So this is a zero hedge.
• 25:19
  The US drops out of global competitiveness for the first time ever of of the top 10. Right? So I'll read the introduction. It says Singapore, Switzerland, and Denmark have been ranked have been named the world's most competitive economies in the 2024 world competitiveness ranking published by the International Institute for Management Development on Tuesday. While Denmark dropped two spots after topping the list in 2022 and 2023.
• 25:44
  Singapore left leapt from fourth place number one, thanks to very high scores in government and business efficiency. So let's look at this chart. So this is The US drops out of global competitiveness top 10. It's the highest ranks ranked countries and territories from 02/2010 or sorry, February, '2 thousand '10, '2 thousand '20 '4. So you can see the shift that's happening here.
• 26:07
  Right? So in February, United States was number one. Right? They were absolutely number one, followed by Singapore, then Luxembourg, Netherlands, etcetera, going down on. 2010, Singapore, number one.
• 26:22
  Hong Kong, number two. It's interesting. You had a huge shift towards Asia, right, at that time. United States, Switzer Switzerland, Australia pops up. Now 2024, Singapore, Denmark, Ireland, Hong Kong, Sweden, UAE, Taiwan, Netherlands, Norway.
• 26:39
  United States isn't even on the chart. I mean, this is it's embarrassing. It's like, what's happened since February? You know? Because it's not just you can't just say it's Biden.
• 26:49
  Right? This is the culmination of Obama, of Clinton's, of even the Bushes, I'm sure, have had a hand in this. Right? So and this is what do you what do you make of this?
• 27:02
  Speaker 2: Well, they they all did, and I think that's the fabric of society starting to expose its ugly head. Right? It's like 2,000, top of the heap. Ten years later, third, it's like, ah, we're losing a little bit. We're slipping.
• 27:15
  We got to better pick that up. Right? That's what any competitor would do. But since then, we've fallen off the face of the cliff, and you have to ask why. Right?
• 27:26
  Well well, you look at the at the welfare state. And and in over 28 states, you make more money by being on welfare than you do with a minimum wage job. So why even work? I mean, why? You could make more money, you know, drinking a Mai Tai on the beach of Hawaii than you could being on minimum wage.
• 27:44
  And if you get a job, you lose that welfare. So it's like, let's just not do anything. Right? So you've got those kind of entitlement policies that for a long time have been destroying America. And this is against what the founding fathers ever envisioned.
• 27:58
  Handouts to people, benevolence, I would call it, should be up to individuals or to the church, never to the government, right? So but the government took over because I think the church kind of did a misstep, and people don't tithe like they should. So the government stepped in. But then it became more of a lifestyle than a band aid, and that's part of the problem. Now, more recently, why I think the massive falloff out of the top 10 for the first time ever is the diversity, equality, inclusionary social policies, where employers are being forced to hire people that maybe aren't the most qualified.
• 28:42
  It's like, Okay, that's devastating. I'm all about being nice to people, being fair, loving your neighbor, right? But when you're forced to hire somebody because of a social aspect rather than because they're the best person for the job, you've got issues. So to me, it's like, well, duh, of course we're going to fall out of the competitive top 10 when we've got policies like that, right? And so I don't know.
• 29:06
  And I think COVID did a lot of damage to the economy of an entitlement mindset. It was like, I want to make the same amount of money, and I'm going to work from home, right? So many remote workers. When you have the remote workers, what are they doing? Well, they're probably watching Days of Our Lives and working at the same time, and they're not really working as hard as they should as they would be in the office.
• 29:27
  It's just human nature. Right? So I think we are seeing the ramifications of policy, legislative action, and a social decline, really, of society as we know it, right? As an employer, all of us employers are dying for amazing employees that want to work hard and grow and thrive and have a career and work themselves up the corporate ladder, right? And if you're an employee, like some of the fresh out of college people that we have working for our firm and so forth, it's like, I want to encourage them almost like a father figure.
• 30:11
  It's like, you know what? This is your time to shine. Society isn't necessarily the hardest working right now. If you work hard, if you're excellent, if you do research after hours, if you've got a positive attitude, it's going to be much easier to shine in a world of a bunch of dim lights, right? It's like, so there's opportunity there, though, but as a whole, we're not there, right?
• 30:38
  And you look at the backwardsness of society, and I saw the Pride parade in Toronto, Right? It's like I don't know if you saw it, but it's absolutely disgusting. You know? People celebrating their pride and their gender identity and whatever else. And yet, how are they celebrating?
• 30:55
  Well, let's have, like, a thousand people walking down the street naked. It's like in a family friendly parade. It's like, what? In any normal world, that's like indecent exposure. You should be arrested.
• 31:07
  But no, you can't do that. You're celebrating pride, right? It's like these are the diversity, equality, inclusionary measures that are actually destroying the fabric of our society. But in an employment realm, we're seeing that. That's why I think we fell off the competitive chart for the first time ever.
• 31:27
  Seth Holehouse: Well, something else just to throw in there in terms of where our society is at morally. I'm not sure you've probably seen if if you've spent any time on social media lately, which hopefully you haven't if if you're lucky. There's this the the meme of this Haktua girl. Right? Have you seen her floating around?
• 31:44
  Her face is everywhere. And it's like she's become this obsession. And and and even within a lot of the conservatives, like, they're obsessed with her. There's they're all making memes and songs, and there's, like, this idol worship of this woman who's gone mega, mega viral. But if you take a step back, it's this girl in her in her young twenties that was went on to some interview and talked about some, you know, relatively nasty and degenerate, you know, bedroom behavior, which, you know, people can do what they want to in their bedrooms.
• 32:14
  I mean, it's it's not my, you know, you know, okay. Do as you will. Right? But the the fact that you have so many people that are the, you know, kind of the so called conservatives. Right?
• 32:24
  Which, you know, for me, it's, you know, being conservative is is it's a moral like, fundamentally, it's it's a moral stance on, right, that we've got 10 commandments. Right? We've got, you know, laws that were given to us by God, and our freedom exists within these laws given to us by God. Right? And but if you just look at that, and not to not to, like, you know, blame anybody.
• 32:43
  It's it's just a symptom of where our society is at, that, like, that icon becomes the the cultural phenomenon and becomes worship. People have t shirts. Some people are getting tattoos of it. It's like, it makes me think of our founding fathers. Like, if you sat down with George Washington, he was like, okay.
• 33:03
  It's 2024, and he goes, Seth, you know, what's what's what's really popular in your society these days? Is it, you know, is it wood wood woodworking, or furniture making, or gardening? It's like, no. It's some online meme of some girl that talked about spitting on a man's private part. Like, they they they wouldn't know what to think.
• 33:20
  Like, they they it would be outside of their realm. I think that the problem is that we just don't know how far we've fallen morally as a society. Right? And this is this is an economics, you know, kind of discussion, but and and to to bring this in, but I think that they're interlinked actually. Because I really, really believe that, like, look at Sodom and Gomorrah.
• 33:37
  It's like, you could say that, you know, the lesson consistently is how our moral behavior is is reflection of what happens to us, you know, from the the the greater perspective. That's not even in dimension into getting into some of the more eastern philosophies about, you know, karma and that, you know, if you act a certain way, like, if if you're bad, bad things will happen. Well, it's like that simple principle, right, that could you possibly apply that to America? It's like if you look at America, and even the people that are supposed to be protecting our our country from tyranny and evil and everything are it's like, are we deserving of God's protection as a country at this time? And, you know, it's it's I think it's a toss-up, actually.
• 34:23
  I think there's there's definitely this this massive resurgence of, you know, this faith and and and discussion about God in the public sphere, bringing the Timken parents back into the schools, and there's this great pushback against it. But is that great enough to turn the tide of everything else that's happening? And it just makes me wonder. It's like, I I actually don't know. I really don't know.
• 34:45
  Speaker 2: Well, you know, the Bible tells us, you know, is there a hundred righteous is there 10 righteous people? Is there just one righteous person? Right? And God will hear the prayers of his people in one person. God will hear their prayers and can change a nation.
• 34:59
  Right? It's like you even look at, like, Moses. He actually changed God's mind. Right? So so, yeah, never give up prayer, but that's the key.
• 35:08
  You gotta pray. Right? That faith can move mountains, and you just have to believe and know that God is still in control and still in charge. And we are living like practically in the days of Noah, right? I mean, we are.
• 35:23
  It's nasty. It's really nasty. But this is where we rise, we shine, we cast out the darkness with the light of Jesus, and it's just shining through us, right? And loving your neighbor and truly trying to be Jesus' hands and feet on this earth, right? So it's a battle.
• 35:47
  It's not easy. It's getting harder and harder and harder. But you're right, you do have states. Like look what Oklahoma putting the Bible in every classroom and wanting that mandating that it's taught about. That's big.
• 35:59
  And that's a big move in the right direction, right? So hopefully, the darker it gets, people are going to see we need to make change. Right? And you're gonna start to see a lot of change happen.
• 36:10
  Seth Holehouse: I I certainly agree. I certainly agree. So in in kind of summarizing a lot of our discussion, right, what we're seeing is the the as you mentioned, these hedge hedge funds doing this pretty massive sell off and shorting. Okay? That's key.
• 36:27
  Looking at where America is at, you know, globally, you know, in in its competitive. So you can see everything that that we've been talking about, like, this is this is really it. Like, the entering into the final stages of this, you know, dollar denominated currency, which has propped up our our nation. So a lot of this, I think, which is why I'm fascinated with economics is because you look at what's happening in the world, and so much of it is actually underpinned by economics. If you understand the economics, can understand war cycles, understand the rise and fall of societies and everything.
• 36:56
  And so I think that what what we're seeing here is it's the end of a cycle. Right? This is the end of a it is. It's almost like you mentioned how people are saying that the debate is like the final episode, the season finale of America. It's almost like what we're witnessing, like, this this year, over the course of the next year or so, is the final episode of this, you know, Federal Reserve dollar system that's propped us up and allowed us to fund this massive military industrial complex, everything that it's it's it's on its last leg.
• 37:27
  And so where and how do precious metals fit into this equation? Because, you know, if if one ship is burning, it's like, okay. Where do I go? Right? If you're worried about where the ship is going, what are the solutions?
• 37:42
  Speaker 2: Well, here's where precious metals always act You know, it's hard to you know, do you make those kind of dogmatic statements like always and never? It's like they always do, though, act as a flight for safety in times like this. In inflationary times, things go up in price. Gold and silver are things, right? But gold and silver act as a barometer against distrust in the government.
• 38:09
  The more people distrust the government, the more gold price goes up because countries start buying it, central banks start buying it, people start buying it. They lose faith and confidence in the system. So from investment standpoint, that kind of fundamental pillar that's driving it up, these foundational issues, I mean, silver's gone from $22 to $30 an ounce in the last three months or so. That's amazing, right? It's over 30% growth in three months.
• 38:36
  People would be happy with that return for a year. That's just a little over a quarter, right? And so it's because of those fundamental issues driving it. But don't just look at gold and silver as a good investment. Look at it as a mechanism to protect your financial freedom and privacy.
• 38:52
  In a world where big brother's jumping in, you know, central bank digital currency intrusion on your bank accounts, ability to cut you off from buying or selling, having something that's portable, that's tangible, that you could use in a barter scenario that actually is not something digital that they can flip off with a switch, your ability to get to your money, look at gold and silver as a mechanism and a tool to preserve and keep your financial freedom and privacy and as a good investment vehicle. So that's what makes sense right now to me. Not always. Five years ago, no. But today?
• 39:31
  Absolutely. The whole world has changed in the last five years, and who knows what it's going to look like five years from now. All that I know, Seth, is that if you ever want to maximize your future, you have to maximize each and every day. How you maximize your days today is with precious metals.
• 39:48
  Seth Holehouse: So, Kirk, if someone wants to reach out to your company, we've got a website set up goldwithSeth.com or (720) 605-3900. Again, it's goldwithseth.com. 7 2 0 6 0 5 3 9 0 zero. I'll make sure those are in the description to today's show. And I think you you summarized it well.
• 40:09
  It's like, yeah. You know, we don't know where things are gonna be at five years from now. But the key is whatever assets I have right now, I wanna make sure that those assets are in something that I think will sustain whatever happens the next five years. Right? If my entire net worth was sitting in a savings account or sitting all in the stock market, I'd be concerned about the chance of like, okay, what's the chance of that net worth and that that net that egg of money surviving the next five years.
• 40:41
  And that's why for me, it's, you know, gold and silver is more of an insurance policy. It's about preserving. It's about protecting. Now granted, yes, it'd be great. Right?
• 40:49
  I wish I could go back in time and when gold was you know, when silver was $17 an ounce, put everything I had into silver. Right? Because now it's, you know, $30.32, 30 3 dollars an ounce. Okay. Great.
• 40:59
  So there's obviously opportunity there. But to me, that's so secondary to the thinking of the same reason I'm buying, you know, like, you know, 50 gallon 50 pound bags of hard red wheat in case there's food shortages. It's like, wanna make sure that what I'm doing right now is preserving and protecting my family. So three years from now, my family is not the one that has to liquidate our home and be living out of a van because I didn't make the right choices now. So, I I highly encourage folks, obviously, to do do their own research, but if they've been on the fence about precious metals, contact your team.
• 41:36
  Right? If they're comparing a few different dealers, contact your team. You know, if you bought from another gold dealer before, send your invoice to Kirk and his team. Because there's a lot of a lot of shenanigans going on, and a lot of these gold companies are ripping off people that sense what's happening, and they're a little bit panicked, which isn't a good place to be, but they're they're acting, and maybe they're not doing their due diligence, which I did say, look, you know, whatever you're spending, send your invoices to Kirk's team, have them look at it, because they you know, unfortunately, there's a lot of bad things happening. But yeah, I think now is the time.
• 42:07
  Right now is the time to take at least a little bit of a step towards that. So we've got the the URL, the phone number. Kirk's team is great. I trust Kirk with my my life, you know, to be quite honest. And so yeah.
• 42:19
  Well, Kirk, any final words from you?
• 42:24
  Speaker 2: Happy Independence Day week. We Keep fighting the battle for good, and we'll prevail. But what we can do is connect your heart, your faith, and your reason all into one. It does take a leap of faith to reach out, to call me, because you've never people don't know me, right? They've just seen me interview with you and elsewhere, and it's like, maybe I should, but maybe I don't.
• 42:48
  I want to have eyeball contact. I wish he was local, right? Well, I'm not. But it's just a phone call away, and you'll realize, wow, they're going to educate. They'll take care of me.
• 42:59
  They'll hear my concerns, and hopefully we start melting away that financial anxiety. So take that leap of faith so then the logic of why that we're doing what we're doing, those two can blend, and then we've won. Then we've won this battle in your mind of protecting and preserving and growing and thriving in a world where the foundations around us are eroding.
• 43:22
  Seth Holehouse: Exactly. Well, Kirk, thanks again, man. It's always good having you on.
• 43:27
  Speaker 2: Yeah. It's great to be on.
• 43:29
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• 43:48
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• 44:10
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