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STARTS AT 9PM ET: Join me for an important economic update with Kirk Elliott PHD.
To learn more about investing in gold visit - http://goldwithseth.com, or call 720-605-3900
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STARTS AT 9PM ET: Join me for an important economic update with Kirk Elliott PHD.
To learn more about investing in gold visit - http://goldwithseth.com, or call 720-605-3900
For high quality storable foods and seeds, visit http://heavensharvest.com and use promo code SETH to save 15% on your order.
Save up to 66% at https://MyPillow.com using Promo Code - MAN
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Seth Holehouse is a TV personality, YouTuber, podcaster, and patriot who became a household name in 2020 after his video exposing election fraud was tweeted, shared, uploaded, and pinned by President Donald Trump — reaching hundreds of millions worldwide.
Titled The Plot to Steal America, the video was created with a mission to warn Americans about the communist threat to our nation—a mission that’s been at the forefront of Seth’s life for nearly two decades.
After 10 years behind the scenes at The Epoch Times, launching his own show was the logical next step. Since its debut, Seth’s show “Man in America” has garnered 1M+ viewers on a monthly basis as his commitment to bring hope to patriots and to fight communism and socialism grows daily. His guests have included Peter Navarro, Kash Patel, Senator Wendy Rogers, General Michael Flynn, and General Robert Spalding.
He is also a regular speaker at the “ReAwaken America Tour” alongside Eric Trump, Mike Lindell, Gen. Flynn.
Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Hullhouse. So as you have been following along with me, we've been tracking this process of the BRICS nations, China, Russia, South Africa, Iran, etcetera. We've been, tracking their process and progress in changing the global global economic situation. Now, the BRICS nations, and the new and potentially new members just had a a very important meeting last week, and a lot was unveiled.
Seth Holehouse:There's lot of speculation going into this meeting of, okay, are they gonna be rolling out a new, global reserve currency backed by gold? Are they gonna be rolling out a central bank digital currency? Or are they gonna be, chip making any other changes? Now Kirk, you know, what he had predicted going into that, Kirk Elliott, was that one or two things would happen. A, they'd bring out a new reserve currency or b, that he saw that Putin would there's a good chance that Putin would actually call for trade to be done in local currencies.
Seth Holehouse:And so it was actually the latter that happened where they've basically set up this plan so that the nations would in a lot of ways, the BRICS nations would abandon using the US dollar in a much more concerted and organized manner, and then shift to trading within their own local currencies. And from Kirk's perspective, this is actually a much more dangerous threat to the US dollar because it becomes almost instantaneous. So you could say it's a little bit kind of like the, Operation Sandman that maybe you've heard, me talk about in this show or Mike Adams before, where, you know, overnight the nation's abandoned the US dollar. So it's similar to that, but not as severe. So we're gonna be taking a look at today's show and what does this really mean?
Seth Holehouse:I mean, we can talk about the death of the dollar and the BRICS nations and this this massive shift in the financial system, but, you know, looking at is it actually affecting things? Is is the dollar losing strength globally? Is gold skyrocketing? Like, we're gonna just take a really sober look at what this means and how this might affect just the the way of life that we have, how how it's gonna affect inflation, money printing, the real estate market, etc. So, folks, I hope you enjoy this show with Doctor.
Seth Holehouse:Kirk Elliott. Kirk, it's great to have you back on the show. Thank you so much for being here with us today.
Speaker 2:Oh, it's so great to be with you.
Seth Holehouse:Thank you. So, we've been talking for quite some time about BRICS, de dollarization, as of recent months, this upcoming or the now past big meeting in South Africa of all the BRICS nations, and there was speculation about a new currency, something gold backed, you know, further plans to de dollarize the world. So, I think it's, it's a good time for us to just take a look at what happened during this summit, what it means, and just like in a very practical way, look at like what we what you see unfolding as a result of this and what you see kind of unfolding. So I'll just yeah, I'll pass it over to you. Know you've following us very closely.
Speaker 2:Have. So I'm gonna take a step back in time just to kind of go over the narrative of what people thought they were going to do and what you and I said a plan B was going to be potentially over the last couple of weeks, that plan B is what really happened. You know, you go back a few months when this meeting was people started talking about it and everyone was talking about how this is gonna be a common BRICS central bank digital currency backed by gold. No. We didn't just make that up.
Speaker 2:Right? So so the Russian embassy had posted on July 7, nothing other than we're we're excited about a common BRICS currency backed by gold. It's like, okay. You don't even need to interpret that one. It's pretty straightforward.
Speaker 2:But then two weeks ago, Putin kinda threw a whole monkey wrench into that scenario when he said, you know, we're not ready for a BRICS common currency backed by gold, but here's my solution. We are going to actually have all the BRICS nations trade back and forth with their own currencies and and basically not use the US dollar. Right? So what would that do? It's like a double edged sword, Seth.
Speaker 2:So if they did that, what would happen? They would boost the demand for all of their currencies and diminish demand for the US dollar because they wouldn't be using it any. Right? So now just how big is this trading block? Because here's you know, when you listen to Putin talk or see him, you know, even if you don't understand his words, you can tell there's, like, this arrogance.
Speaker 2:Right? And and this is just a speaking from a posture of power is is kind of how I would explain it. Right? It's like he knows something that we don't know, and it's not just a normal arrogance, like smugness. It's like, I know something that's going to be revealed real quickly, and therefore I'm speaking with confidence.
Speaker 2:Right? Where if you contrast that with Biden, for example, when he speaks and and what is what is Biden actually doing most of the time? Well, of fibbing about the economic numbers, lying about the inflationary numbers, lying about the number of jobless claims. Right? And when just human nature, when you're speaking a lie, subconsciously, you're, like, less confident about it.
Speaker 2:Right? So it's like a a weaker position. You're you're speaking from a position of weakness. And I'm not saying that that Putin is, like, mister Truth teller extraordinary. Right?
Speaker 2:I'm I'm certainly not. Because when he when he talks, it's like either he's telling the truth, he's totally lying, misdirecting. But what we do know is is whenever he speaks, he's doing it for his own self interest. Right? That's what we know about a narcissist.
Speaker 2:So but but when he's speaking about this, it's like, okay, there is a point, a posture of power that he's speaking from. And sure enough, when we had kind of laid out that plan B over the last couple of weeks that they might negotiate, you know, trade back and forth in their own currencies, that's exactly what Putin did, right, and what the BRICS nations did in in this meeting. So there's this there's this article that I'm gonna read from, you know, it was put in in zero hedge, how de dollarization is irreversible. So here's here's, like, the power statement of this of this whole thing. So it it's right near the top.
Speaker 2:Said he said the dollar's receding global centrality is an objective and irreversible process. So what did he just say? He just said the BRICS nation objective is to de dollarize the world, and it's irreversible. There's no turning back from this agenda. Right?
Speaker 2:So the smugness, the power position. Well, why would he say that? Right? So how could he speak with such a point of confidence? Well, so far, you know, with with I mean, the numbers might be a few percentage points off, but, the estimated amount that the G7 controls of the global economy, right, the GDP of the global economy, the G7 nations, are the western nations, which we would be a part of is 30.
Speaker 2:The the BRICS nations account for 31% of the global economy. So it's already one percentage point more than what the g seven nations have. Right? So okay. That's that's a point of strength.
Speaker 2:But then after that, he kind of changes tune a little bit, and he goes on this grump grump session training. So so in the grump session, he basically starts yelling. It's like there there's illegitimate sanctions seriously weigh on the international economic situation and unlawful freezing of sovereign states assets. Right? What's he doing there?
Speaker 2:It's basically like a rallying cry to the rest of the the 20 nations at this BRICS summit, which are petitioning for admittance in to the BRICS nations and the 60 heads of state that are there. You're hearing this this smug confidence we're gonna de dollarize the world. Then then why? Because there are 31% of the world's GDP, which is more than the g seven nations. And then he starts saying how evil the West is.
Speaker 2:Right? Look at They put illegal sanctions on us. They're they're confiscating all of our sovereign state assets. And you know what he just did? He actually was the speech of, like, putting together a winning team is is kind of what it sounds like with everybody that's there, because they all want to be part of something that's bigger than their individual parts.
Speaker 2:Right? That has this collective power that can destroy the West and dethrone the US dollar. Right. So so here's where if you look back to the original, what what we and others thought that might happen here, a gold backed central bank digital currency. Right.
Speaker 2:That would ultimately end up with the slow death of the dollar because you've got the CBDC. There's other CBDCs coming, but this one's backed by gold. It would start to attract demand from other countries going into that currency, taking away demand from the US dollar. That's the slow death of our currency. What did Putin do?
Speaker 2:His idea is like almost the immediate death of the US dollar. And of course, he's going to do stuff that's in his own best interest. Right. So you start to identify some of the issues that are happening in Russia. The ruble has lost 30% of its value against the US dollar just since the beginning of the year.
Speaker 2:China's having an economic meltdown right now with their their shadow bank. That's basically a trillion yuan sized bank. It's massive, you know, which I think it's about, oh, 20%. So it'd be probably 200 to $300,000,000,000 is what a trillion yuan would be. That's big, right?
Speaker 2:What did they say? We're not paying anybody back. We're not paying off any loans. Right? You're you're all going into default here.
Speaker 2:Right? So we we ran out of money. So this is where China's economy now is in shambles because that few hundred billion US dollars or trillion yuan is tied up in commercial and residential Chinese real estate, which goes to tentacles to all kinds of different banks. Right? So so you're gonna see bank failures across the board.
Speaker 2:It's it's starting to have a contagion effect on global real estate. So you've got the two big countries of the BRICS nations, both in economic turmoil. What a better way to increase demand for those two currencies than to do what Putin said he was gonna do, and then they did it. Right? They actually did it because that's the immediate boost to those currencies, the immediate destruction of the US dollar as soon as those countries start trading back and forth with each other.
Speaker 2:Well, that's all they have to do. They don't have to have the mechanics put together for a common currency and what's the joint ownership like the prorated amounts of all these other countries and putting all that together. They don't have to trading back and forth between Rupees and Rubles and Yuan and whatever other currencies are involved in the BRICS nations. Right? So so I think what Putin did is sadly brilliant if you were one of them.
Speaker 2:And because it destroys the dollar almost overnight. And this is why I think when you have the meeting of the of the Federal Reserve in Jackson Hole over the weekend, why there wasn't any kind of dogmatic, hawkish or dovish type approach. It was this milk toast right down the middle kind of, well, we're winning the war on inflation. However, we're gonna keep the door open to possible rate increases on because they have I mean, what a lame sauce answer. Right?
Speaker 2:And it's like, they don't know what's gonna happen with this BRICS nations thing. Right? So don't wanna be wrong. They don't wanna be proven wrong, so they just say, could go either way. This was what we spent all of our time this weekend talking about.
Speaker 2:We don't know. Right? So that's what's happening now. To make matters even worse for the US dollar, there is a follow-up article because Putin spoke on night one. Well, on on day three, they they basically the last day, they were talking about who they just admitted into the BRICS nations.
Speaker 2:Right? So who did they just admit? They had and and over a decade of of, you know, no expansion in the BRICS nations, they added Saudi Arabia and they added The United Arab Emirates. It's like, oh my word, Seth, what did they just do? Not only do you have 31% of the world's GDP prior to these being added, 30% of the world's population prior to them being added, manufacturing superpower of the world in China.
Speaker 2:You've got all the the agriculture and oil and gas that comes from Russia, but they just added two of the largest oil producers in the world into the mix. Right? So so if that weren't enough, that was immediate. Right? Those two were immediate.
Speaker 2:But who else did they add? Argentina, Egypt, Ethiopia, and Iran starting January 1. So it's like, boy, that's now six of the nine largest oil producing countries in the world that are part of the BRICS nations in the world. So it's like, oh, boy, this is gonna be pretty, pretty disastrous for the US dollar come January. Right?
Speaker 2:So so I think what they're doing is playing, you know, this game of chess, and it's like they're the only people that know how to play chess that are playing. Because our you know, the Biden administration is, you know, speaking from a point of weakness, not negotiating at all, trying I mean, I just it's mind numbing to me how quickly a country can lose stature globally with a series of bad decisions, but it's exactly what's happened. And with a series of good decisions, the global political economic power base just shifted from the West to the East. And you know what? As I was watching over the weekend, you know, over the end of last week and over the weekend, just, you know, going through the the normal channels, Fox, CNN, MSNBC, even BBC, nobody was talking about the BRICS meeting.
Speaker 2:It's like nobody. I mean, literally nobody. You know, we found data on zero hedge and some other places that are covering the story. But to me, this is the biggest paradigm shifting moment of our everybody who's alive now. Right?
Speaker 2:I mean, this is big. This is big because since 1944, we've been the world's reserve currency. We I don't think we are anymore. As you've got this shift from the West to the East, Petrodollar being collapsed overnight and especially by January 1 when they had those other countries, Putin just just yelling, mesmerizing an audience and, you know, foaming at the mouth and saying, we're we're going to dethrone, de dollarize the whole world, and this is how we're gonna do it. I mean, this is this is really quite, quite big in in my opinion, because what are they gonna have to do now at the Fed?
Speaker 2:What are we gonna have to do in America? We're gonna have to print our way out of everything.
Seth Holehouse:This is just showing the GDP as a share of total, you know, globally of G7 versus Brix. So it's showing that it seems like just in this past, you know, one to two years that Brix has now jumped ahead of the G7. Well if we go back to say '95, you can see that the G7 nations were about 45% of global GDP. At that point, maybe 16 or 17% were BRICS nations. And so you can see that this is what it looks like when you look at the the balance of power changing globally.
Seth Holehouse:Like, it's these graphs that show you that happening. But I I wanna make a quick comment, and I had a question for you. So my comment was that, so it seems like, okay, obviously you have the push for trade in local currencies. What that does is that eliminates the need for local, you know, trade in, you know, as it shifts to other currencies, but by bringing these oil producing nations in, it's like a it's like a double blow because what that does is that now that's that's not just local trade. Right?
Seth Holehouse:That's, you know, Saudi Arabia selling, you know, billions of dollars in oil now in other currencies. So that seems like it's really a one two punch to trade in local currencies and to bring in these oil producing nations. But the question I have is, you know, we can look at this information and talk about the dethroning of the dollar and the collapse of the dollar and all that. But in terms of the actual strength of the dollar, you're looking at where the dollar's at, like, you know, right now I have a friend that's working on moving to the country and she's working on, you know, she's coming from Australia, and she's really been kind of struggling because the Australian, you know, the currency keeps weakening against the dollar because the dollar's quite strong, and every day it's like, gosh, it just dropped another, you know, this much, right? And so every day the dollar gets stronger and the Australian currency gets weaker, then, you know, obviously she's losing money because she hasn't transferred her money over from Australia.
Seth Holehouse:So, you know, the question is, what do you see playing out with the dollar? Like, what does the the death of the dollar, right, as some people have talked about, or the collapse of the dollar, what does that look like? Because I remember even Ed Dowd, when I had him on, he talked about how the dollar would collapse upward, basically it would fail upwards as it got, as it gained strength because of the European currencies weakening and money fleeing into the dollar, would gain strength, but that it would actually, that would be what would topple it. So, anyway, so I guess, yeah, what do you what do you see happening? And are you seeing any indicators since this BRIC meeting, the BRICs meeting of a change in the demand of the dollar globally?
Seth Holehouse:Any changes like that we can look to?
Speaker 2:Well, not necessarily, but I wouldn't bet against Ed Dowd either. He's brilliant. He's like really crazy smart. Right? But the meeting just ended, and then it was a weekend.
Speaker 2:And so there's not really much that can be seen as of yet. However, what he's saying is I think the end result is the same, but you're going to have other economies like the Eurozone collapse quicker than the US dollar, right? Because they're not the world's reserve currency. We are. Right?
Speaker 2:So there's this unraveling, right? So they don't have that. So they're really struggling bad, kind of like what the Russian ruble is, right? They're not the world's reserve currency either. You're going to see them coming down faster.
Speaker 2:It's not like we're going up. We're sinking at a slower pace. Right? So the end result, though, is you hit bottom at some point. They're both gonna hit bottom because no fiat based currency has ever lasted.
Speaker 2:When you take away the built in demand, it's gonna have to accelerate the printing presses. And when there's no tangible backing, the nature, it's human nature, the nature of politicians is to, sadly, in simplest terms, they don't look at the expense side of the balance sheet, right? They're not going to ever cut their spending. They're just going to try to increase their revenue. How?
Speaker 2:By raising taxes or printing money. Right? So, they never look at that one side of it where they cut expenses because they have a printing press. That's gonna add they have to pay the pipe. Right?
Speaker 2:So every single currency that's not tangible backed will in time. So I think that's what Dow is saying. It is Europe is going is basically coming down quicker, which makes the dollar relatively stronger. But don't let that fool you. Right?
Speaker 2:They're they're both gonna hit bottom at some point. Right? So because there's been a power shift. You know, when you look at the central bank digital currency, mean, there's there's the BRICS nations just came out with theirs. It's called BRICS Pay or something like that.
Speaker 2:Right? So, yes, BRICS Pay. So if you scroll down a little bit on that page, it actually shows their percentage like 24 through what is this 3,000,000,000, 40 million, 20 four trillion, three trillion. What do those numbers represent? Right.
Speaker 2:Well, they represent the the bigness of of the population of the BRICS nations. So before they added Saudi Arabia, United Arab Emirates, and those other countries that are coming in on January 1, they're 42% of the world's population. I bet they're gonna be 60 plus by the time they're done. They add all the 20 nations that are that have signed on, they're gonna be 70% of the world's population. Already before they added on these other countries, they were 30% of the total landmass in the world.
Speaker 2:Before they added them on, they were somewhere in the 26 to 30% of GDP of the world. That's gonna go up. See, this is before they added anything. Again, this goes back to the point of how Putin can speak from a point of strength because he knew what they were gonna be talking about at this meeting and what was coming and who had already said yes and who they were gonna add in. Right?
Speaker 2:Because it's one of them. It's one of the leaders of this group, and it is dethroning the US dollar. Ultimately, every single fiat based currency are printed by a decree since the beginning of time ends up with the same fateful death. They're they're done. They cease to exist a % of the time.
Speaker 2:Right? Like, prior to I mean, look what happened to the German Rentenmark or the Zimbabwe dollar or the Venezuelan boulevard. Right? I mean, they go through hyperinflations that are a million plus percent a year. That's what happens when there's no built in demand for the currency.
Speaker 2:They just print without discretion to try to fund their obligations, and then nobody else wants their currency. This is danger zone area that we've just entered into when we lose petrodollar status.
Seth Holehouse:I have one simple question. If today you could no longer go purchase more food for your family, with the food stores that you have in your home, how long would you be able to feed your family? Would it be a week, three weeks, a month, two months, a year? This is a really important question folks that we have to be very realistic about because the elites are proactively trying to put us into a state of food crisis and a state of famine. I'm sure you've seen all of the different food processing plants and farms that are blowing up.
Seth Holehouse:You've got cattle dying by the tens of thousands. They're proactively trying to collapse our food system because they know if they can control our food, they can control us. And so one of the best ways to be outside of their control is to be able to have our own stores of food and to be able to produce our own food. This is food that's sitting somewhere. It's hidden in your basement, buried in your backyard, whatever it ever it is.
Seth Holehouse:So that way, if there is a crisis, if there is an emergency, you might have three months set aside to get through that time period. And so for this, I would highly recommend a company called Heaven's Harvest. This is an amazing Christian owned patriot company, and what they're doing is they're making high quality storable food. Again, a lot of the food companies, they say these food buckets, they're all about maximizing calories per dollar. But Heaven's Harvest, they focus on very high quality food that will last up to twenty five years on the shelf.
Seth Holehouse:So to go ahead and do this right now, go up a new tab and go to heavensharvest.com. And if you use the promo code Seth, it's s e t h, promo code Seth, you'll save 15% off of your entire order. So again, folks, the time is running out and you'd rather be three months or one year early than one day late. As the US dollar gets weaker and weaker, they have to keep printing and printing and printing to to compensate for that. And so what we'll probably see is more and more inflation in regards of what they tell you inflation's at.
Seth Holehouse:We're seeing real inflation and where they were going to be seeing obviously, the increased rates to try to combat that inflation, which is interesting because I feel like that we're already seeing that and seeing the ramifications of that. So, you know, as you know, we've talked a lot off line, you know, we're we've recently went through the process of selling our house, and we're renting right now because we're gonna be building. Because it's actually for the first time in a really, really long time, it's cheaper to build a new house than to buy an old house. But I've been following what's happening with the real estate market, and it's kind of crazy because right now there's less inventory on the market, I think, than there's been for decades. It's very, very strange.
Seth Holehouse:And but because the rates have gone up now, like the amount of income you need to qualify for a basic loan is it's like a hundred thousand dollars plus. But also what's happening is that because the rates are so high, people that are locked into a a mortgage, say at 3%, they're not gonna sell their house and then go buy a new house at a 7% rate. So we're seeing how it's like they're telling us, Oh, inflation's not an issue and the economy is great. You look at the housing market and to me it just looks like it just looks like the entire system is kind of teetering on the edge here.
Speaker 2:It's massively I mean, you look at interest rates, they're the highest that they've been in twenty two years. Twenty two years. People haven't been used to this cost of borrowing for a couple of decades. It's just crazy to me how accustomed do we got to the Fed artificially lowering everything and keeping it just it's not real. It was artificial.
Speaker 2:It was cheap money. Right? It was kind of a because it all collapses under this weight of you know, what what is that cheap predator? It causes you to print money like there's no tomorrow. It creates debt.
Speaker 2:And it's like it's it's a creature of their own design. And now they don't know how to kill it, right, without it just kind of gobbling up everybody in its path. I think that's where we are. They don't know how to fix what created. It just has to end up with the same fateful death of every single fiat currency through since the beginning of time.
Speaker 2:They die. They die. And a lot of times, you know, Americans were sick, well, we're America. We're just not going to die. It's like we're no different than any other country that doesn't have reserve currency status at this point.
Speaker 2:Yeah, I'm not saying that we don't work hard as a nation, that we're not creative. We are. We're very creative, very I mean, we have discipline. We have everything that Americans have, except we're not debt free. We've got a ton of debt, which is basic basically a trillion dollars a year in interest only payments, and that's with these interest rates.
Speaker 2:What happens if they double from here? It's like, oh my word, we're toast. Right? So that's where we are in history. I mean, I can't change it.
Speaker 2:Can't change what policymakers has done. It's not like when we have to give this bad news that we're making it up. No, we're just reporting what policymakers have ever already voted in. So So if you don't like it, you know, don't don't yell at me. Stop voting for the people that voted it in.
Speaker 2:Right? So so we're just giving a solution to protect and preserve during this time. But here's where, brother, it gets worse Because like I talked about, we're speaking about what they're doing wrong, offering a solution. There's going to be a time in the pretty near future, I would think, that that's not even allowed, right, where we aren't going to be able to speak the truth. It's already happened in Europe, but the United Nations also just came up with a stupid bill or idea, whatever you want to call it, basically countering deadly disinformation through the creation of a digital army.
Speaker 2:It's like deadly disinformation. What is that? Sounds bad. All it is is saying something that they don't agree with, right, that doesn't match up with their ideology. They hate crimes.
Speaker 2:They try to paint this utopia globally that what they're doing with zero carbon emissions and all the gender euphoria and everything that's happening globally, it's like immigration issues and borders and vaccines and health crisis. Boy, you you speak out against any of that, they're gonna have this digital army, which is what? It's nothing other than artificial intelligence, you know, scouring social media and saying, we don't like what you're saying. Done. If they cut everybody off who actually has an opinion or tells the truth, it doesn't matter if they're telling the truth, it's their opinion.
Speaker 2:If it's counter to what they want you to say, it's going to be off, which means what? The only people left are going to be liars. There's no truth tellers left. It's only going to be liars that are left, right? So there's another just absolutely insidiously stupid idea that the Clintons and George Soros and Michael Bloomberg are talking about.
Speaker 2:And as I was reading this just a couple of days ago, it's like, I've never heard of this C40 group. So it's the C40 Cities Climate Leadership Group. Seth, have you heard of it? I mean, prior to you and I talking about it right before the show?
Seth Holehouse:You know, my wife mentioned it, but not from the C-forty perspective. She's mentioned you hear about these cities that are going to be like, you know, having like no meat by '20, I think it's 02/1930 or whatever. And, you know, you only get three, you know, three pairs of clothing each year. They're like, you know, New York City is one of them and there's two big cities in Texas. I mean, it's just it's wild.
Speaker 2:I mean, that's that's it. I mean, so your wife was on to something because this is the c forty climate leadership group. Right? So so there's 40 cities around the globe that have signed on to a pact that that was just stupid ideas. Right?
Speaker 2:But in America, there's Austin, Boston, Chicago, Houston, LA, Miami, New Orleans, New York City, Philly, Phoenix, Portland, San Francisco, DC, and Seattle. Those are the 14 cities read by ultra liberal mayors. Right? That signed onto this pact that somehow together and said, hey, this is a good idea that we're proposing here. What's the idea to have by the year 02/1930, which is not far down the road?
Speaker 2:Sounds like it's far away away, but it's six and a half years from now. Right? So what do they want? Zero kilograms of meat consumption for every person that lives in that city, zero kilograms of dairy consumption, only three new clothing items per person per year, zero private vehicles. You can't even own a car.
Speaker 2:And one short haul half full oh, let's see. One short haul return flight less than 1,500 kilometers every three years per person. They wanna stop you from traveling. They wanna stop you from buying new clothes. They wanna stop you from eating meat and eating dairy.
Speaker 2:Right? It's like and not even owning a car. It's like this is the worst economic policy. I mean, it's all climate agenda stuff, but what's it gonna do to the economy? It's gonna destroy it.
Speaker 2:It's gonna destroy agriculture. It's gonna destroy transportation. It's going to destroy the automotive industry. Right? It's gonna destroy all of that.
Speaker 2:But this is just one of the numerously stupid ideas that these nongovernmental organizations globally are coming up with. Right? It's like, oh my word, this is just one uber crazy dumb one. Right? But these kind of ideas destroy the economy and and they're not gonna fix anything.
Seth Holehouse:No. It makes me also think that the really, the only way they could achieve this, I I think, would be through the whole day. A, it's like, you know, the smart cities, the fifteen minute cities where they have that kind of control, but fundamentally, you have to have a central bank digital currency to be able to say, can only have, you know, or you can have zero meat. So say, you know, someone's living in New York City. Well, you know, I used to live in New York City.
Seth Holehouse:I know it very well. You go 20 miles in New Jersey or 20 miles upstate, you've got cow farms everywhere. So what's how are they gonna stop you from sneaking up there and and using cash to buy, you know, to buy, you know, 30 pounds of beef and smuggle it into the city and you'll probably sell it for $40 a pound on the beef black market. It's like the only way they can do that, I think, is to put a restriction on the actual currency, which we've talked about with central bank digital currency. And what's also interesting is early we were talking about how they would stop the ability to do certain things.
Seth Holehouse:You know, Martin Armstrong, who I had on recently, we talked specifically about what he saw happening with the rollout of central bank digital currency. And he actually believed that once they rolled out the CBDC, which he thought could be as early as I think he said second quarter next year or so in a very big way, that he thought there was a good chance that at that moment, they would, A, that they would seize or start the process of seizing cryptocurrencies, so you could no longer or force you to convert cryptocurrencies. And for people that think that you have complete privacy, it's like, the military industrial complex is, you know, forty, fifty years ahead of us in terms of technology. So to think that, you know, that there's no way that they could possibly have some other layer of the internet or some sort of technology that could track those things and track these privacy coins. Look, I'm not an expert, but in my mind, seems like there's at least the possibility they have some sort of technology that could do that.
Seth Holehouse:Okay. But what he said also, I thought was quite alarming is that he believed that they would stop allowing the sale of precious metals. Because they knew that precious metal, they know precious metals would actually really become one of the significant currencies in a gray market or in a black market. And so that they would actually stop people from being able to purchase like from folks like yourself, they might just say, Okay, Kirk, you can no longer sell gold and silver to the general public because we're now transitioning into a central bank digital currency.
Speaker 2:I mean, so when you see this kind of stuff coming, right, it doesn't take a rocket scientist to actually see it, right? So what I would do and recommend is I would rather be three, six, nine months early than one day late. Because one day late might be too late. Right? Imagine if you were at an account of Silicon Valley Bank, it's like, ah, one day late is too late, Right?
Speaker 2:Or or any of these other banks that have failed or the 110 that are on the on the list by the Federal Reserve where they've lost more than 50% of their capital since the beginning of this year or the 4,243 banks that Martin Weiss at Weiss Ratings Center on the verge of failure. I mean, that's a lot of banks. I think we're in for a systemic failure of the financial system as we know it, and it's not some kind of a dystopian future movie. It's like starting to happen, like literally right now, like right now, right now.
Seth Holehouse:It is, and if you look to China as the example, it's like you know you see these videos coming out on social media on tik tok, and it's like it's crazy people having to scan their faces to go into certain things and, you know, to access public transportation, their social credit score is not lined up, and you can see that, and you know, Klaus Schwab has praised China as the example for this. And then you see, I mean, you can see it, it's written all over the place. And you know, recently I had two different interviews about, you know, we talked about the Maui fires and the coming lockdowns, and it was, Todd Callender and David Martin. And both of them echoed the exact same thing that like, basically, this plan, as we talked about with those 14 cities, it really relies on these smart cities, these 15 cities. But if everyone's living out in the country, they're gonna be it's gonna be hard to control that.
Seth Holehouse:So, they burn the country down and then force people to move into these cities, or they burn down a region and then rebuild a brand new smart city in that region. So, you can see, I mean, this is this whole push to agenda 02/1930, it's real. It's absolutely real and they're not letting up. In fact, I feel like they're getting more desperate and it's causing them to try to accelerate their plans, but the more they accelerate, the more people are rejecting those plans. It just, I think this is, we have a wild couple of years ahead of us.
Speaker 2:And what makes it even wilder, it's getting an election year where the main presidential candidates being indicted like every other day. It's like, oh my goodness. But but it looks like the the GOP actually wants to put impeachment hearings in front of Biden too. So this is gonna be such a wild ride that everyone's gonna be focused on that. You know, everyone over the over the last week has been focused on Trump's mugshot, on Hunter Biden, on all this other stuff that's, like, kind of, like not saying it's trivial or meaningless, but it's, like, it's it's a mugshot.
Speaker 2:You know, we don't have to talk about what facial expression he had on it. Right? The BRICS meetings are meeting to take over the world financially. Right? And and we're losing our reserve currency status, and we're focused on a mugshot.
Speaker 2:Right? It's like but the that's the talking points. Now, what's behind the mugshot is one of the most disastrous losses of liberty our country has ever seen. Right? But but yet, we're focused on the mugshot rather than the real story and the story behind the story.
Seth Holehouse:Exactly. Oh, I just realized there's one other question that I wanted to ask you as I think we've got about four or five minutes left. They knew or they they believe, know, people said, okay, well, Turkey's buying all this gold for instance, because, during this BRICS meeting, when they announced a gold backed currency, gold gold prices are going to go up and, you know, so they're kind of hedging against that or they're they they have a little bit insider trading, right. So after watching what happened at the BRICS meeting, seeing where gold's at, think gold's at, you know, nineteen twenty, 19 30 right now, which is strong. I mean, it's but it's not it hasn't it's not at 3,000 or 5,000, like some people, you know, thought could have potentially taken place.
Seth Holehouse:So what do you think was the reason why those countries, China especially, been trying to build up such large gold reserves?
Speaker 2:Well, I would say a couple of things, and we'll take a best case and a worst case scenario, right, for them. So best case is maybe they do have a sentiment ready for central bank digital currency, and we're gonna go back to an old way. So we better amass mountains of gold to actually give our individual currencies backing in a world where nobody trusts anything. If we really want to take the world's reserve currency status, let's give the world something that's of value. How about our currency that's backed by gold?
Speaker 2:So so you could look at it from both of those angles, and either one of them makes sense to me, whether it's a BRICS Central Bank digital currency backed by gold or whether it's each individual country backing up their currency with gold, which would do what? It would boost their currencies in relationship to the US dollar that doesn't have any gold backing really. Right? So it would it would just strip demand away from the dollar. Very, very smart economic move if you look at macroeconomics and monetary economics, But boy, they're playing out this economic warfare to the T.
Speaker 2:They're doing a really good job at it, and we're not.
Seth Holehouse:That makes sense. So also that whereas before, I mean if I understand correctly, a lot of countries are backing their currency with the US dollar, right, because that represents the the reserve currency. So, they hold US dollars to back their own currencies. So, also makes sense that if you're dumping the US dollar or you don't have faith in the future of the US dollar, that you're going to find an alternative asset to back your country's currency against?
Speaker 2:Oh, yeah. I mean, that's you've got a lot of countries right now that are pegged to the US dollar. And this is where a lot of countries are saying, not necessarily a good thing because what if the US dollar goes away? So you've got issues, which is why what Putin is doing is actually just really, really, really smart and well played from a chess player type perspective. It's like we're gonna we're gonna have all these currencies.
Speaker 2:We're just gonna trade back and forth with them. And you've got Turkey, you've got India, you've got China, you've got Russia, Uzbekistan, Kazakhstan that all own mountains, tons of gold, literally tons of gold. Not even just tons, but, like, hundreds of tons of gold. They're doing something to back it up. Why?
Speaker 2:We don't know exactly. Time will tell. I'll tell you this much. It's not going to be a bad thing for them to own all that gold. I think it's only going to be a good thing.
Speaker 2:So, if they're doing it and they're trying to be the world's reserve currency, and this is one of the tools that they're using, we should probably do the same because I think they know something that we don't know. And this is what the world is going to want moving forward when they get to that point.
Seth Holehouse:And that's, you know, that's what you do. So let's just say someone who's watching or listening, they've got their money sitting in a four zero one ks, an IRA, savings, stock market, you know real estate for you know as an example and you know just in the bank thing with the concern of the bank failures so if someone talks with you and you're sitting down having coffee with somebody say it's good friend of yours what are you telling them? What are you advising them? What's your approach? And why is that?
Speaker 2:I would tell them to do the same thing I'm doing because that's what makes the most sense to me. It's like I live and breathe this and have for twenty nine years. It's like I would buy silver. Whether you have an IRA or an old four zero three b or an old four zero one k, roll it into a traditional IRA, but physical silver. I'm not talking about paper.
Speaker 2:I'm not talking about ETFs, mining shares, mutual funds, physical silver. Outside of an IRA, your brokerage account or checking account, I would buy physical silver and just take delivery of it at home or store it at the depository. Everybody's logistically different what they feel comfortable with. But really in a world where we can we have options, I don't see any other options right now. I really truly don't because the stock market's poised for correction.
Speaker 2:The bond market's toast in a rising interest rate environment, but both of those things as a flight for quality cause gold and silver to go up. Gold and silver also go up because of supply chain disruptions, which what we have. They go up during times of inflation, which is what we have. They go up in times of political chaos, which is what we have. I mean, no matter how you look at it, there's not any downward pressure on gold or silver right now.
Speaker 2:So it's like, Curt, that's not true. Look at the price of price of gold is is $20 less per ounce than it was when I bought it three weeks ago. It's like, yeah, you have two steps forward, one step back, two steps forward, one step back. Doesn't mean it's bad. It just means we didn't buy it to sell it in two weeks.
Speaker 2:We bought it as a hedge, as an insurance policy against a collapsing currency. We'll sell it down the road. But you know what? You look at that investment. This is why I'm so gung ho about it.
Speaker 2:In March of twenty twenty, three and a half years ago, silver was $11.91 an ounce. Today it's 24. So it's more than doubled in three and a half years. That's averaging over 30% of your growth. It's amazing.
Speaker 2:Right? That's a really good investment. And so here's where though I don't wanna because I read the chats on these videos and I don't want people to think I'm only talking to wealthy people that can afford gold or silver. No, I'm not. I said, I started buying silver when I had nothing, you know, nothing.
Speaker 2:When my daughter was born back in 1999, we were so far underwater because I left a company that I was president of a mortgage company because the owner wasn't doing wise things. And it's like, I'm not gonna actually work for Kirk. God is my provider, not man. So we left, started from scratch, had absolutely nothing when we started out. Right?
Speaker 2:And what did I do? I still would invest $20.30, $50 at a time. Right now it's different. It's a minimum is I would say, $500 on silver. But the smallest client that I have, Seth, it was a little widow from Kansas that gave me $300 It was a % of everything that she had.
Speaker 2:That was years ago. $300 was a % of all that she had. Imagine the fear that she was living in, but we came into her life and, you know, months would go by, she'd invest another 300. Months would go by, she'd invest another 300. She just saved up what she could, and now she's got like over $10,000.
Speaker 2:She's like, I'm rich. She's like, I know you are. This is amazing. Right? But it's what happens when you just a little consistently.
Speaker 2:Right? And here's where I put biblical principles into it. You know, God's never going to trust you with something big if He can't trust you with something that's small. Just start doing the small things, get in the right place at the right time, and just watch what starts to happen.
Seth Holehouse:That's it's good to hear that. And gosh, how lovely about that little it's kind of funny that the little old lady from Kansas. It's like so
Speaker 2:She's rich. I mean, her own words, it's like, yeah, you're doing good. You've lived well, you're investing wisely, you're consistent. Consistency is the key and being in the right place at the right time.
Seth Holehouse:Yeah. If someone wants to reach out to you, we've got a website set up pretty easy, just goldwithseth.com. There's a form on there you fill out, and then one of your advisors will reach out to people, that's it right there, or just giving a phone call, (720) 605-3900. That information will be in the description of the show. And so, yeah, Kirk, well, it's, it's great having you again.
Seth Holehouse:I also know that within the next couple of weeks, we're gonna be doing that, we're gonna do a live Q and A together. So I'm looking forward to doing that because there's just, there's so many questions that pop up and, it just like, I feel lucky because I can give you a call. Like, Hey, Kirk, you know, what happened with this? Even when we actually were thinking about selling our house, I called you and I got your advice on the market, you know, whether that you know what to do with, you know, money and all that. So, Kirk, thank you again.
Seth Holehouse:It's just it's always great to have you. I really appreciate what you're doing.