Something HUGE is Happening in China — Jeff Nyquist Interview

Show Notes

Join me for an important update on China with Jeff Nyquist.

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What is Man in America Podcast?

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.

Seth Holehouse: 00:02

Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Hohlhaus. So you know that I've been tracking what's happening with China for quite some time, especially with regards to what people are calling the final war. Right? China's last ditch effort to take over Taiwan and potentially try to bring down America in conjunction with Russia.

Seth Holehouse: 00:22

I mean, it's a pretty scary, big picture, you know, massive world change, but it's important to be following it. And so what's just happened the past couple of days was that there was a speech given by Xi Jinping to some high level communists that where he's actively warning about something really foreboding in the immediate future and you don't see language like this especially coming from Xi Jinping, though they've been foreboding and they've been giving lots of warnings about potential conflict etc. The way that he framed a lot of this in this recent message was frightening. Like something major is really happening. Something significant is is brewing in China right now.

Seth Holehouse: 01:06

And so joining us today to help make sense of this has been, my go to guy for understanding what's happening, especially with the Communist Party in China, and that's Jeff Nyquist. So we're gonna be digging into what's happening right now in China, what's happening with our southern border, China's influence over our politicians, over the cartels, the drug trade. So we're diving into a lot of these really important issues for us to understand right now. As, you know, sitting here in America, we're watching our country just destroyed all around us. And I believe that a lot of it does go back to the efforts of the CCP.

Seth Holehouse: 01:36

So it's really good for us to understand their role and what they think they're doing next. So before we get started, make sure you're following me on social media at Man in America and also make sure you're listening to the show as a podcast as well. So if you want to listen, say you're working or driving, throw on the Man in America podcast in the background. Just go to your favorite podcast app and search for Man in America and you'll find me there. Alright, folks, let's jump into the interview with Jeff Nyquist.

Seth Holehouse: 02:02

Jeff, it's great to have you back on. You haven't been here a little while and I think a lot has happened. So I'm really looking forward to this discussion with you.

Speaker 2: 02:10

Well, thank you for having me, Seth.

Seth Holehouse: 02:13

Yeah, so I just wanna jump right into the meat of the catalyst for me reaching out to you and saying, Hey, can you come on and do a show? So there's I saw that this was first reported by, Josh Phillip over at the Epoch Times. But this article right here so basically, within the past couple of days, Xi Jinping made some statements that have a lot of people very alarmed. Now I'll read through this a little bit. It says, prepare for worst case scenarios.

Seth Holehouse: 02:40

Xi Jinping sounds national security alert. So I'll read a few things from this article here. It says, Chinese President Xi Jinping has called on his top national security officials to prepare for quote, worst case scenarios and stormy seas as China faces increasingly difficult and complex internal and external threats. So he said again here, quote, we must adhere to bottom line thinking and worst case scenario thinking and get ready to undergo the major tests of high winds and rough waves and even perilous stormy seas. He added that more efforts were needed to modernize the nation's security architecture and quote, get prepared for actual combat in dealing with practical problems.

Seth Holehouse: 03:26

So there's a lot to unpack there. And I know that the Chinese, as far as my own research, oftentimes, especially the leaders, they speak in metaphors. You know, they'll talk about a war through describing the bamboo. Right? So when he's talking about, you know, the sea, getting ready for stormy seas, then also saying that we need to prepare for actual combat, where in your opinion, because I know you're following this stuff every day, what's this in line with?

Seth Holehouse: 03:53

I mean, do you think that they're on the edge of something here? And I also do wanna talk to you later in the show about the timings. I know we talked a lot about last November timing. But in terms of these recent statements, how are you making sense of this?

Speaker 2: 04:06

Well, the Chinese also have a metaphor, and the metaphor is two tigers cannot live on one mountain. Right? And this is often repeated to show that there's gonna be a showdown between China and The United States, the two tigers, And they that we cannot coexist. And this is something that is always before the eyes of the Chinese leaders. It is them or us.

Speaker 2: 04:30

You find it in the secret speech of Qi Haochen, which was made about twenty years ago. He was the defense minister of China who said that the plan was to use a biological weapon and attack America without us knowing it was coming from them and kill 100 to 200,000,000 Americans. That was that was in his speech. And he said, look, we need to make a second China and the lower 48 states is where we need to make it. And we've made a trade with Russia for with land in the North to Russia to get this deal.

Speaker 2: 05:03

And so there is so to go back on, Xi Jinping, the president of China, has made these kind of statements before. Although this more recent one sounds more, in its metaphors, immediate, more dire. Right? He has said, get ready for war. I'll tell you the first, the military district, the Chinese one that, faces Taiwan in April, in the middle of the pandemic, when the pandemic was lighting us up in April of twenty twenty, the newspaper publication of that military district said, this is not a drill.

Speaker 2: 05:44

We are getting ready for World War three. We're basically getting ready for war.

Seth Holehouse: 05:49

Folks, the world is going through a process that experts are calling dedollarization, and China and Russia are leading the charge. So what's this mean? You see, the US dollar is a fiat currency, meaning it isn't backed by anything of value. The only thing that gives our dollar value is its demand around the world, which is primarily because of its petrodollar status, meaning that nations are forced to buy and sell oil in USD. But now, the world is losing faith in the dollar.

Seth Holehouse: 06:17

It's very close to losing its status as the petrodollar and world reserve currency, especially now that the oil producing nations are abandoning The US for China, Russia, and other BRICS nations. But what happens if the dollar loses that sacred status? Well, the value of our dollars, our life savings, IRAs, four zero one k, stocks, bank accounts could literally be wiped out in a matter of months, weeks, or even overnight. And to make things worse, Biden and the Fed are currently working on a secret project Hamilton, a new form of digital currency that'll obliterate your freedom and privacy. Now look, folks.

Seth Holehouse: 06:53

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Seth Holehouse: 07:19

Look. There's a reason why nations like Russia are backing their currency with gold and why the elites and banks are buying up physical gold and silver like we've never seen before, but they don't want you to know that. They want you to lose everything when the dollar crashes and be forced into their digital currency slave system. So now's the time to protect your financial future. And for this, I'm confident recommending doctor Kirk Elliott.

Seth Holehouse: 07:42

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Seth Holehouse: 08:02

So to learn more about this, open up a new tab right now and go to goldwithseth.com or you can call [phone] to speak to someone right now. Again, that's [phone] The phone number and the link are also in the show description.

Speaker 2: 08:26

And these kind of alarms went through the Chinese military and were repeated in the Chinese media, repeated by then you in January of twenty twenty one, Deng Xiaoping again says, you know, we have to be ready for World War at any time. We have to get ready. We have to ready, ready, ready. Now while this is going on, I received intelligence from people, in the intelligence world that in Southeast Asia intelligence, intelligence from the communist countries there, Cambodia, Laos, and Vietnam, that they were told by the Russians and the Chinese that certain sequence of events was coming that would lead the thunderous war against America. This is what the Vietnamese communists were told, for example.

Speaker 2: 09:13

And to keep leadership cadre in bunkers, certain always keep people underground in case the Americans realize it's the communist bloc. We're coming for them. And they nuke try to nuke your leadership because America's One of America's strategies in a war is to kill the leaders of the enemy countries to end it because why slaughter the innocent people? Just kill them in their bunkers. So they wanted to put people in secret bunkers where the Americans wouldn't find them so they couldn't kill the leaders where they normally were.

Speaker 2: 09:47

That was one piece of intelligence. There was a Russian scientific source that was leaking like heck out of the top of Russia saying things like China was proposing during the pandemic when this first started. Now what this pandemic was intended to be, what it was that was unleashed on us, we don't fully understand. With the vaccines and everything, we don't understand what they were doing, the Chinese. The intelligence was from this scientific source in Russia that China wanted to start World War III, that their economy had been disrupted by Trump the last year of the Trump administration, Trump's trade policies.

Speaker 2: 10:28

They knew they were going to hit the wall economically. Their banks were just a house of cards. China has a huge I think they have one of the hugest debts per capita of any country in the world. They're massively indebted. They own a lot of American treasuries, but they have their own kind of crisis.

Speaker 2: 10:47

And you see what's happened with Chinese real estate imploding. And this is they're struggling. They knew they were struggling. And having gotten this big war machine, one of the biggest conventional war machine in the world, and they're making nuclear weapons like sausages now. It came out earlier this year that they've got the breeder reactor technology.

Speaker 2: 11:08

The Russians gave it to them. They're mass producing nuclear warheads. They're mass producing missiles. They've got the missile silos laid out. But they wanted to go.

Speaker 2: 11:19

The the word was the Chinese wanted to go sooner than later. But the Russians kept saying, we're not ready. We're not ready. Well, you can see they're not. You know, even their invasion of Ukraine, they weren't ready.

Speaker 2: 11:31

And the Chinese were pushing them. The Chinese wanted to start a war in late twenty twenty if they could. Russians by no means could do it. There even was talk about Iran starting something. But Iran was not going to sacrifice itself with a war in The Gulf.

Speaker 2: 11:47

So there, the Chinese were like, We need to do something before we have this economic crisis. And of course, the pandemic just made it worse for China in many ways. So what ended up happening and you you maybe you've heard of the FSB papers that were published in France, that FSB people leaked stuff about this Chinese Russian collaboration that China was trying to get Russia to go into a war in The Pacific with it. This is before they invaded Ukraine saying, look, let's attack Japan together and The United States. Let's defeat Japan and The United States together.

Speaker 2: 12:30

But it was, the Russians again. No. We've got this problem with Ukraine. The Russians couldn't envision a war with The United States or Japan even though they would be shoulder to shoulder with China. They would outnumber us.

Speaker 2: 12:42

They would have better missiles and everything. Russia had these problems. What those problems were specifically that they had to fix, why it has to do with Ukraine, I think, has to do with the fact that many of Russia's best missile engineering experts to run their strategic rocket forces. And a lot of their rocket forces stuff was outsourced to Ukraine before 2014. People don't realize that.

Speaker 2: 13:05

And so when the Euromaidan revolution happened in 2014, the Russians lost part of what they were depending on for their military industrial complex. Ukrainians have just a high number percentage of engineers of the Soviet Union and scientists and so forth. And this in order to make these Russian rocket forces accurate and working, we're seeing how there's a lack of accuracy in the Russian rockets in the Ukraine war, that they're off target. They're not the precision weapons that We talk about this when we fought in the first Gulf War, how precision our weapons were. And then we thought the Russians were right there with us.

Speaker 2: 13:46

Well, either they never had it or they lost it when they lost Ukraine because Ukraine really was part of this complex of former Soviet countries before Yanukovych had to flee to Moscow, the president who was basically Putin's stooge in Kyiv. To understand the strategy of what they were doing, Russia said, look, we've got to fix the Ukraine thing first. So you will notice that days before the Ukraine war, Putin went to Beijing. Right? Just as the Winter Olympics were happening in 2022 last year in February, He shows up in Beijing.

Speaker 2: 14:25

They have these talks. And the the joint statement in these talks is something to the effect of Russia and China are the most powerful combination, meaning military combination, a power combination since World War two. This is how they saw themselves informing. Now, they always had been. GRU Colonel Stanislav Luna, for example, who I knew well and was a friend of mine, highest level defector from main intelligence directorate of the Russian general staff who worked in China, spoke fluent Mandarin, told me that at the end of the Cold War, Russia and China were like this, signing all these agreements to share intelligence, to jointly wage a future war against The United States, how to even divide up the territory of The United States, China getting the Lower 48, Russia getting Alaskan parts of Canada.

Speaker 2: 15:16

This kind of thing was worked out. So, they've been working Russia and China, with all the problems Russia had when it tried to liberalize and create a facade of a liberal democracy, that they had genuine collapses in Eastern Europe. They lost Poland basically in the period 02/2013. The communist structures remained in all the former communist countries. Under the surface, they became social democrats.

Speaker 2: 15:46

They won elections. It was the scandal. I think it was the year February. They found out that the prime minister of Hungary had been a secret police officer. Right.

Speaker 2: 15:56

And it became a scandal. He had to be investigated. They uncovered that like Valesa had been a stooge for the Polish communist secret police. You have, Robert Bukharv's film on the Velvet Revolution showing the orders for the revolution came from Moscow. And he interviewed former STB officers saying, Yeah, we got the orders from Moscow.

Speaker 2: 16:19

I was the student who died there. They gave me an airplane ticket to Moscow afterwards. Robert interviewed Vaclav Havel's bodyguards who said the occasion he came to meet with him and said, You're our guy. This kind of thing. So the changes in Eastern Europe weren't as advertised.

Speaker 2: 16:39

You've got Andrew Codrescu, the Romanian American poet, the defector from Romania, who went to Romania when the tribe was one of the first people to get into communist Romania when Ceausescu was being overthrown and discovered that the overthrow of Ceausescu was ordered from Moscow, that the people that engineered it were Romanian generals who had been agents of Moscow. So this is an enormously complicated history, and it goes back to the defector, Anatoly Golitsyn and to Jan Senna, who said they are preparing to collapse the Eastern Bloc, to collapse the Warsaw Pact alliance, said Shena. And Galitsyn wrote a whole book that in 1984 saying they're going to collapse communism and it's going to be a false liberalization. They're going to be in control all the time. And it's going to open the West up to massive infiltration, the movement of Soviet and KGB money into the West to buy up companies.

Speaker 2: 17:37

And then they will be working with China to bring down the West. And he said Galitzin was trying to warn people in his 1984 book, New Lies for Old. People can go there and read it. Dodd and Mead was the publisher. Nineteen eighty four.

Speaker 2: 17:52

Mark Reebling of the Hudson Institute did a study of Galitzin's book. He found 148 falsifiable predictions in Glitzman's book, which by 1994, almost 94% of the predictions had come true. So this is not some conspiracy theory. It's actual history that's played out. It's actually proven to be there's something to it.

Speaker 2: 18:14

When you look at the China and one of the things Galisson predicted, by the way, is that at the final phase of the long range strategy, China and Russia would come out as one clenched fist as allies to to intimidate and just roll the West. And this was supposed to be it, what we are seeing here. Now, there was a China a Hong Kong businessman who, in speaking before the committee on the present danger of China, he had many contacts in Beijing. And he had said, and this was two years ago last month, in 2021. And he said, look.

Speaker 2: 18:50

The original plan was to do this attack on the West, the one clenched fist in 02/1935. That's when the plan was. And he said because their economy got derailed, whether it was Trump or just their own bungling because they are communists. They don't understand economics. They're playing at capitalism.

Speaker 2: 19:11

They're using state capitalism as a system to try to do everything they're doing. However that was, he said, They need to go now. The Chinese are afraid. They have to go now. And their military balance has shifted because of Obama, what Obama did.

Speaker 2: 19:27

And Trump wasn't able to correct it. They get rid of Trump. They can go up against Biden. So this is the background to this. And this statement by Xi Jinping shows that they're still on track.

Speaker 2: 19:42

This is still what they want to do. That's what it shows. They have not been derailed from actually taking the chance to go to war in the near term. And this takes us back to a year ago when you had the fifty six, fifty seven minute recording of the military civil meeting in Guangdong that we are mobilizing for war basically against The United States. And this is what all the things we have to do.

Speaker 2: 20:08

And because an order came down in April of twenty twenty two from the Central Military Commission for China to get ready for war, to mobilize. Now, why was that mobilization? And their date was November 1. They wanted to be ready. But there was no war after November 1.

Speaker 2: 20:27

It didn't happen. The mobilization was cooled. It was cooled down. Although as the commander of Southern Command, General Laura Richardson, has said, we are seeing the biggest buildup in China, military buildup in the history of the world. So they're mobilizing, but it's like, all right, put the brakes on.

Speaker 2: 20:46

Because full mobilization is such an economic burden that you don't want to do it until you're actually going. And, of course, the question is, why did they not go last November? Because they were still expecting in April for Russia to defeat Ukraine. And there's a principle that the communists follow, and it's a principle of, the same thing in in cataract surgery. You don't do both eyes at the same time.

Speaker 2: 21:13

You operate on one eye, make sure it's good, and you operate on the other because you don't wanna blind anybody. We got Russia and China. What happens when Russia attacked Ukraine? Sanctions, possibly even crippling. So how do you get around sanctions?

Speaker 2: 21:27

Well, China helps Russia get around sanctions. All those Chinese ships going up into the Arctic in the warm in in the summer when it's warm, going into those Russian ports, carrying trade back and forth, building a new bridge across the Surrey River, which they just did, a giant highway bridge, just trying to help each other out commercially. China went and helped. You know, China is very much about denying they're helping Russia and Ukraine with weapons, but they are helping them economically. And why?

Speaker 2: 21:58

Because China is being very careful not to get sanctioned because if they're both sanctioned at once. Right. It's like being blind to both eyes. And that is, you know, it was Glitzan who who in his book, The Perestroika Deception in the night in 1995, explained this principle that they don't want to risk. And we often think about it, they go against Taiwan and Ukraine at the same time, and we don't have enough to do it.

Speaker 2: 22:24

But they're also thinking about the economic sanctions we put on them, how crippling they are. So, because by the time you get to late summer, by the time you get to September and the Ukrainians are counterattacking and they're capturing enormous amounts of Russian supplies and tanks and everything else their impromptu counter offensive. The Chinese are going, we cannot do this. We can't do whatever they were trying to do. And of course, they were mobilizing enormous numbers of ships.

Speaker 2: 22:57

And what I was told when I interviewed Mr. Wang of Luda Media, he was saying, look, they're going to blockade Taiwan. They're not going to invade it. They're going to invade all these other. They're going to go past the second island chain.

Speaker 2: 23:09

And that's like, oh my gosh, that's headed that's on the way to Hawaii. And there was going to be a nuclear Pearl Harbor against our fleet. And that would imply more than just attacking ships with nuclear weapons. But we don't know the exact strategy. But we do know from the Chinese sources that they had the special code names they were giving to for the surprise attack to each branch of service, and the nuclear missile forces in China had their codeword for participating in the surprise attack.

Speaker 2: 23:44

So we know there's some nuclear element envisioned. Of course, very much the Russians especially follow Clausewitz. Know the Chinese follow Sun Tzu. But Clausewitz said that war is politics by other means. Well, Lenin inverted that and said politics is war by other means.

Speaker 2: 24:06

So they also have their low level warfare, their attempts to diplomatically get what they want. They've been infiltrating the Solomon Islands, as you've no doubt heard. They've been pushing on The Philippines, which The Philippines now reacted. We're getting our bases back in The Philippines, which is really bad news for them. Right?

Speaker 2: 24:25

And then you have the G7 meeting where Japan is like, come to Japan. We got this problem with China. Maybe we can extend NATO into the Pacific. You know, and these are the Japanese. And of course, what happened last July?

Speaker 2: 24:41

Abe, the great anti communist Japanese politician, was assassinated, which backfired on the Chinese. We don't understand how this assassination was. It just some random goofy guy or was there a Chinese hand in this? We don't know. But definitely strengthened Japan.

Speaker 2: 24:59

And we had elections in South Korea. So the leftist is gone in South Korea. So we have a strong South Korea again that's going to be selling South Korean tanks to Poland. So now the Western alliance all around, there's a strengthening, a tightening against China and Russia. Xi Jinping is basically saying, look, We might end up in a war here.

Speaker 2: 25:31

We might have to push out. And the one advantage they the Russian conventional military has failed. The Chinese military may have those same failings because it's it was created under Soviet China. It was Russian military advisers. It was built on the Russian model military model.

Speaker 2: 25:50

They they may have the same. But you see this model, when you go back to Marshall Sokolovsky and Soviet military strategy was made these forces were made to be used in conjunction with nuclear weapons. It's what people don't understand. That's why they're not so good at conventional war because they never expected to fight a conventional war against a pure enemy without using nukes in that war. You read all the Soviet books from the seventies, sixties, seventies and eighties.

Speaker 2: 26:19

It's like nuclear weapons are the decisive weapons. The tanks and everything else work in tandem with the nuclear weapons. It's hard for us to wrap our heads around because it's not our conception. It's not the way we think of it. And the Chinese actually have that thinking.

Speaker 2: 26:36

And you can tell by the way they built their military.

Seth Holehouse: 26:39

It's and there's a lot there's so much to unpack here. But when you're talking about some of the defective literature, especially back in the eighties, what kept coming to my mind was the interview with Yuri Besmanov when he's talking about, basically, even in the eighties, how prime The United States was for them to come in for the communists to come in. And I think that if we fast forward to our country right now, because there's a lot of people that you'll talk to, especially people that are, you know, following the more alternative alternative news, you know, they know that that our country's in dire situation, but the fingers almost always point towards the World Economic Forum or the UN. They oftentimes don't point to China or Russia. But if you look around and you look at everything that's happened in our country since they they got Trump out of office, right, he wasn't elected out.

Seth Holehouse: 27:30

They pulled him out. They used all their different methods and control to pull him out. You have people like Greg Phillips that was exposing that China was heavily behind what happened in the election in 2020. Like, like, had like a significant hand in it. But then you look at just what's happened since they put Joe Biden in, a complete weakening, a gutting of our military, which I think in a lot of ways that Joe Biden has been working with the Chinese to weaken America because maybe he he gets a prime spot in in the the the future, you know, one world order under China.

Seth Holehouse: 28:05

Because if you look at the gutting of the military with the mandates, if you look at us just sending everything over to Ukraine, kinda gutting our own supplies, sending them off, to me, that would be the one of the perfect strategies from China for China is to say, hey. Let's empty out their coffers, get them to send everything to Ukraine. That way, when we come to them, like, they don't have their their, you know, missile weapon systems and all the different things that they would need to defend an attack. But then even if you look at what's happening across America with the the trans movement or, you know, the woke companies or, like, this is called this is cultural warfare. I mean, I had, Shee Van Fleet on recently, who was someone that that would lived under the under Mao in the Cultural Revolution.

Seth Holehouse: 28:45

She says, look, America is undergoing a Cultural Revolution. It's just that most Americans don't know it. And so, you know, for me, if I take a step back, and of course, I see that the people like, you know, Klaus Schwab and whatnot, they've got their hand in a lot of things, but so many of these roads lead straight back to the CCP. And when you then look at the fact that, as you mentioned, their weaknesses economically, their their money printing I mean, they're yes. Our financial system is a train wreck.

Seth Holehouse: 29:13

But if ours is the train wreck, theirs is like a shuttle failure to launch blowing up in the sky. I mean, it's it's it's a major problem over there. If you look at all the unrest, that they're having in their own country, you look at what happened, you know, with COVID something, you know, again, from a lot of sources that I have and following all the Epoch Times reporting, something significant backfired on them, and they lost a large amount of lives over there. So what I see as I piece this all together is that they had their, you know, you have agenda 02/1930 coming from the the European globalist. You have what you're talking about China's plan of, you know, China Two Thousand Thirty Five being the, know, the one world government basically and kind of owning everything.

Seth Holehouse: 29:55

And Trump, in both cases, I think derailing and really delaying, not delaying, but really messing up a lot of those plans and forcing them to accelerate their plans, which is making them get sloppy. And so when I piece all that together, it makes sense that China and Xi Jinping, they're in a place where they are they're like a rattlesnake backed into the corner near death. And the only option is to fight with everything that they have because they're on the brink of collapse. I mean, is is is my assessment in line with how you're seeing things?

Speaker 2: 30:33

Well, remember that communism is a a global movement, a world movement, and that most of the people in the communist movement are communists. They don't even understand what it's about. The communist, the Leninist, the Marxist Leninist are very disciplined. They have disciplined organization. They have absolute loyalty and obedience, and they have, a very good organization and methods.

Speaker 2: 30:57

And so they have dominated the left. What they have also worked towards since 1970 is to create a sort of right wing Marxism. Like Lyndon Lerush tried to create a right wing Marxist party, the US Labor Party in 1971. That failed. But from what he learned there, he created the Lerushite movement.

Speaker 2: 31:20

Lerush would go to Moscow and give sort of secret lectures to groups from the Soviet Central Committee. But the thing about the so called globalist is it's just the infiltration of the West by communism. And the end of the strategy is something called convergence, where when they have weakened the West to a point where they can force everything, they force it on Sino Soviet or Russian Chinese terms. They force the convergence and the unity of the globe on their terms. And then you have a global totalitarian state.

Speaker 2: 31:54

Now, it's very interesting what we may be seeing here, but there are two kinds of communists in this world system, the Western communists and the Eastern ones. Notice the Western communists are supposed to disarm their countries.

Seth Holehouse: 32:08

Got a quick message for you. 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.

Seth Holehouse: 32:38

I'm sure you've seen all of the different food processing plants and farms that are blowing up. 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. So there's really two things I would recommend.

Seth Holehouse: 33:03

One is having heirloom seeds that you can grow your own food with, making sure that they're non GMO heirloom seeds that that way you can harvest your seeds this year, use them next year. You can use these seeds for generations. Literally, it's how it will work. The other thing though is this high quality storable 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: 33:25

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, lot of the food companies, they say these food buckets are all about maximizing calories per dollar. They're filling the buckets with a bunch of filler and junk like sweet beverages, etcetera.

Seth Holehouse: 33:55

But Heaven's Harvest, they focus on very high quality food that will last up to twenty five years on the shelf. They also sell heirloom seeds. You can buy all of your seed, you can buy all of your restorable food. And look folks, personally, I would recommend having at least three months per person in your household, if not six months or even a year. Again, depends on your budget, but I'll definitely make sure you have some seeds because that seed, those seeds could be worth their weight in gold, if not more in the future.

Seth Holehouse: 34:23

So to go ahead and do this right now, go put up a new tab and go to heavensharvest.com. And if you use the promo code Seth, that'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. Again, heavensharvest.com and use promo code Seth to save 15% today.

Speaker 2: 34:50

Obama was for zero option. Get rid of all the nuclear weapons. I've heard experts call Biden the most anti nuclear weapon president we've ever had. Have also the leaders in Europe who won't build their militaries, in Germany, in France. They just let everything go to rot.

Speaker 2: 35:09

Right? So in the US military, this is what when the left gets power, they want to gut the military. They want more social programs so that then you can't even find the money then later to finance the military because you've taken so much into you've addicted people to getting the freebies from the government. This is all conscious strategy. So just think about this for a minute.

Speaker 2: 35:30

Two kinds of communists. Oh, yeah, we're making utopia. We're making communism in the West. We're getting rid of all the reactionaries. We have to get rid of our nuclear weapons and imperialism.

Speaker 2: 35:39

In the East, they're massively building nuclear weapons and military as fast as they can. And maybe at some point, some of these people in the communist movement who aren't communists, but who are in an influential position looking around, we don't have any weapons. They're all built up. They're invading countries like Ukraine or Georgia or Tibet. They're persecuting the Uighurs in Western China.

Speaker 2: 36:03

So are we doing here? And so they're not able to get the total surrender of the West. They haven't been able to get rid of NATO. They haven't been able to make their deception work to where we would totally disarm. Although we haven't built a new nuclear warhead now since 1992, we haven't even tested one since September of 'ninety two, There is later this year because of the scare that people have gotten from the way China acted when Biden first came in.

Speaker 2: 36:33

Remember the Alaska meeting? You're going to take dictation from us. Basically, the administration was like, Some of these people were in shock. These people are going to dictate to us. And these are American leftists who are going, what is this?

Speaker 2: 36:46

So, you got a wake up call as like, Well, maybe you're an American. Maybe you think you're a leftist. Maybe you realize these people are out to get you and you're waking up a little bit. And so, by the end of this year, we're going to start having at least the production of tactical nuclear weapons in The US by the end of the year, which is a tremendous relief if we can get there. If they don't think, oh, well, we better nuke it right now before they get them.

Speaker 2: 37:13

There are people who think the people who are experts who think our nuclear arsenal doesn't work. You're going to get an argument one way. I don't know what the answer is because we've only had virtual testing. But this is the big problem that Russia and China have. I think I've tangled this up in the wrong way.

Speaker 2: 37:33

This is the problem that you have with this present state scenario. Can the Russians and Chinese go nuclear and turn the tables? Or is it too late? Have they messed up so bad that they have to run back, pretend to liberalize, pretend to be the nice Chinese friendly partner trading partner of The US or Vladimir Putin is removed and they do a new perestroika in Russia to try to save their structures again. Now, Russia, they're not likely to do that because when they tried this fake liberalization, they ended up with some genuine liberalization, which basically disabled parts of their system and they lost countries like the Baltic States and Poland and Georgia and Ukraine.

Speaker 2: 38:16

And this is what ended up in this. It's basically a civil war within the old Soviet state. You've got even in Russia, you've got you maybe listen to Constantin and Tashkent. He's a Russian economist from Rostov who fled Russia at the beginning of the war, and he's been broadcasting about what's really going on with the economy and the war and what's going on with the mood of the Russian people. And there's a lot of there's he says 3,000,000 Russians have left Russia.

Speaker 2: 38:39

And they're wondering, what do we do? And he's organizing them in Tashkent. Now, that's still maybe a dangerous place to be if the communists come back in force there. But there is throughout Russia this problem. They could not bring the communist system back because what they found out, and this was a KGB guy who worked in the Kremlin under Boris Yeltsin.

Speaker 2: 39:03

He said, oh, yeah, the Kremlin was this giant KGB operation under Kremlin. And we were trying to find out under the late Soviet period, what did the Soviet citizen think? What did the party member think? And what they found out was they all hated the system. They hated Marxist Leninist ideology.

Speaker 2: 39:21

Or it's not an ideology, it's a philosophy or it's a worldview or it's a system of thought that Marx had created because you can't say it's an ideology because ideology is nonsense. Right? And they won't admit it's nonsense. They say it's science. So they couldn't bring it back.

Speaker 2: 39:38

So they had to create, they had to improvise this kind of Putinistic regime where Putin pretends to be a Russian nationalist and a Christian even, which he is not. You just watch you look at the Cuban government. Putin sent 25,000,000 tons of grain to Cuba this year. He said, I think it was 21,000,000 grains last year, million tons. And the Cuban communist government gave thanks to Russia because, you know, there's a grain shortage in the world.

Speaker 2: 40:11

And he wanted to make sure Cuba was fed. Why? Cuba is a communist country. Why are the Russians building military infrastructure in communist Nicaragua under Daniel Ortega? Why are there Russian anti aircraft troops in Caracas where there are also Chinese anti aircraft troops defending the communist regime in Venezuela?

Speaker 2: 40:30

Well, guess what? It's a communist bloc and Russia's part of it. They've been pretending it. So when you see Xi and Putin together, they always were. But they had it's one clenched fist.

Speaker 2: 40:41

They're trying to make the one clenched fist work. And the West, rather than folding, Macron, he wanted to fold. You saw he went to Beijing and he came back. We don't want to fight America's wars. It's like, shut up and sit down, Mr.

Speaker 2: 40:53

Macron. They weren't going for it. They're trying to undermine Germany, to get Germany to flip. France probably might flip if Macron could get enough of a reason to do it. But they're trying to destroy NATO even now because then Russia will own Europe.

Speaker 2: 41:13

And then one eye will be fixed in the cataract surgery. Then they can go to the Pacific, the other eye, and they could go against America and Japan. Does that make sense?

Seth Holehouse: 41:24

Oh, it it does. It does. And what also, again, my my piece altogether, when I look at what's happening on the southern border, I mean, to me, this is, again, it's a massive example of something that goes straight back to China. And so I'll pull up an article here. So this is, a little bit ago earlier this year from New York Post, where they're saying that the number of Chinese migrants caught at the southern border skyrockets over 700%.

Seth Holehouse: 41:52

We've got people like Michael Yan, a good friend that's down there, and it's been giving me a lot of reports on it saying that he's seeing so many Chinese. He's talking to them, but these aren't women and children. These are fighting aged men. And so, again, going back to okay. We know the Biden family has an incredible financial history with the CCP.

Seth Holehouse: 42:13

Bribes and business dealings. I mean, it it goes so deep.

Speaker 2: 42:16

And and with Russia too.

Seth Holehouse: 42:18

Well, there you go. Yeah. There you go.

Speaker 2: 42:20

The mayor of Moscow's Wife.

Seth Holehouse: 42:21

Exactly. And even even Hillary has strong ties to Russia as much as they wanna blame Trump. You know, like, the the people that we look at and say, oh, yeah, these are the bad people. Well, they're also in bed with the Chinese and the Russians. Right?

Speaker 2: 42:33

Well, that was that's part of the deception. They they they don't wanna be caught because they'll all be hanged. If we realize they have been stooges of Moscow and Beijing all these many years, which includes the Clintons, includes Obama, includes Biden, many other John Kerry, they've been stooges of the communist system for most of their almost all their adult life. And you go back, you look at their record and it's very clear. Biden, you go to the Bukowski files.

Speaker 2: 43:04

Vladimir Bukowski stole him and Pavel Strohlav stole something like 80,000 Communist Party documents out of the former Soviet Union archives. And one of those documents is about Joe Biden making a leading a Senate delegation to Moscow in 1979 telling the Russians, look, I'm not your enemy. I'm not against you. I have to say things against you for public conception back home, but I'm I'm your friend. And this is a secret document of the Central Committee of the Communist Party Soviet Union saying this is what Biden is telling us.

Speaker 2: 43:39

He's really our guy. And Bukowski wrote an article. I think it was published on Breitbart in which he said, look, this man is an agent of influence of the Soviet Union, Senator Joseph Biden. And at the time, he was vice president under Obama. You've got Obama being mentored by you've got this book, which I wrote a chapter in about this that bless his heart, Jamie Glasow put together so many interesting things.

Speaker 2: 44:05

This book is Barack Obama's True Legacy. And the first chapter starts with a guy who went to college with Barack Obama and said Barack Obama was a Marxist Leninist revolutionary when he knew him at Occidental. And so what was the first country that former President Obama visited when he left office? China. Right?

Speaker 2: 44:31

And of course, I examined his actual true Russian reset policy. All these people were helping Russia. Then in 2012, there's this strange meeting between Hillary Clinton and Sergei Lavrov where she's leading a delegation to St. Petersburg. And he takes her into this little side room where they disappear for two hours and there's no translator.

Speaker 2: 44:55

There's no American witness. It says Sergei Lavrov and Hillary Clinton, the Secretary of State and the Russian Foreign Minister. Two hours. She would never say what they spoke about in it. Michael McFowl, the American ambassador to Russia, said something very disturbing happened in that meeting.

Speaker 2: 45:13

She was disturbed by. But from that point on, Sergei Lavrov and Hillary Clinton started to bicker. And Lavrov, at the dinner right after the meeting, he starts picking on the different American officials there, saying that Ambassador McFaul is not being diplomatic, that Hillary Clinton's press assistant is basically the minister of disinformation, that the Americans have taken these wrong positions, that they've been against Russia. So all of a sudden there's this about face and it starts and it's like it's a collaboration between the Clinton administration people and the Russians to convert within about a year's time, the Democratic Party from a pro Russia to an anti Russia party and then to name Trump and the Republicans as the Russian puppets to put the shoe on the other foot. And this is ingenious.

Speaker 2: 46:20

And I believe that it came. The initiative came from the Russians. And you had the exact same thing when John Kerry became Secretary of State in 2013, when Hillary left office and she left office with words against Russia coming out of her mouth. Kerry goes to Moscow, talks to Putin, then spends again two hours alone, no translator with Sergei Lavrov. What is in this conversation?

Speaker 2: 46:45

You are gonna be our enemy now. You have to do this to protect you. Why? Because in March of twenty twelve, Obama was caught on a hot mic being obsequious to Russian President Medvedev, saying leaning over, holding gently Medvedev's wrist in very intimate kind of embrace, saying, I need to get elected one more time and then I can be flexible. Tell Vladimir.

Speaker 2: 47:16

And then in English, English, mind you, the Russian President, Dmitry Medvedev, saying, I understand. I will tell Vladimir. Right. And that was caught. You can go on YouTube and you can watch that over and over again right now because I've watched it dozens and dozens of times.

Speaker 2: 47:36

It's like, what is that? So, it's just two and a half months later in St. Petersburg, Hillary Clinton, June Of Twenty Twelve. She's in this. I think it was the June.

Speaker 2: 47:50

She's in this. She gets a secret meeting with Lavrov and nobody knows what it was about. But it was from that moment on they started to bicker publicly to make it into and it was over Syria, you know, supposedly the line in the sand in Syria. Why were we supporting jihadists in Syria against Assad? What was that all about?

Speaker 2: 48:13

I mean, why were we butting heads with Russia over this? It was the whole thing is so convoluted and Asiatic in the intrigue involved. But I believe there's something there.

Seth Holehouse: 48:27

And so and that's I guess that's one thing just to remind ourselves of is that the of all the different, you know, people and groups, the communists are they're they're masters of deception. And I really, you know, I really believe it's like, okay. Who is the master of deception? In my opinion, it's Satan. He is the the grand deceiver.

Seth Holehouse: 48:47

He's the father of lies. And when I look at communism, you know, trace back Marx and his, you know, his deals with Satan, Like, to me, the whole the whole party is just the the political branch of of Satan. I mean, and so it is it is all about lies and delusion and just deep, deep, deep infiltration and psychological operations built upon psychological operations creating so much confusion and chaos that here we are in America, and everyone says like, okay, well, who's the enemy? It's like, what's my neighbor with the Joe Biden sign? Or who's your enemy?

Seth Holehouse: 49:18

It's like, it's the American patriot. Those, you know, those Trump supporters were so mixed up and confused that I that we're just we're we're right for the taking. But then if you then look at what's happening with the southern border as this a further extension of that, I mean, that you've talked a lot about the southern border and the Chinese control of the southern border, the Chinese involvement with the cartels. And so kind of like transitioning to that a little bit, what, like, what do you see happening down there? I mean, this do you think that this the speech that Xi Jinping gave, okay, we're entering into the stormy phase, we're entering into the very difficult period.

Seth Holehouse: 49:55

It's also the exact same time that we're seeing a massive ramp in Chinese nationals flooding into our country with the border opened up by the communist plants in the White House. So how do you see all that fitting together, especially with the these fighting age males coming in?

Speaker 2: 50:14

Yeah, well, you've I think I've mentioned Scott Goldbranson's work,

Seth Holehouse: 50:18

The journalist. Right?

Speaker 2: 50:19

The journalist who went down there, he got a Tijuana Policeman to show him around. The Tijuana Policeman had related to him that he had been tasked by his boss of delivering supplies to a secret commando encampment in the desert in Northern Mexico of Chinese Cuban and Russian commando troops in this encampment and that they had in the tents maps of the border lands, maps of the border crossings, all of this. That they had it was mill and they had their military equipment and markings were made to look like Mexican military equipment and markings. And this was totally handled through Look, it's very important, the the drug trafficking element of this, to understand the getting into Mexico. And it's also true in Canada.

Speaker 2: 51:15

Canada's it's not just Mexico they've infiltrated. The Chinese are in Canada. And I mentioned the Sidewinder report, 1997, a joint study of the Canadian Royal Mounted Police and the CIS, the Canadian Intelligence Service, saying that the Chinese through organized crime through the triads are infiltrating Canada. They're laundering money for political use through real estate in Canada to elect politicians, to bribe officials. And you look at now the accusations in Arizona about election fraud in Arizona that it's the Sinaloa Cartel that's being alleged is behind the bribing of officials and the falsifying of election results in Arizona.

Speaker 2: 52:03

And then there's been very controversial testimony before a committee of the joint session of the legislature of Arizona given this, which caused one of the members to be ejected from the legislature for bringing that forward. But the truth of the matter is in the 50 in the beginning of the 1950s, Mao Tietung wanted to do a opium war on the West. And when Khrushchev got in, he said, this is a fabulous idea. We can do this really good. Let's do studies.

Speaker 2: 52:37

So in the mid fifties, the Soviet Union did studies on organized crime, drug trafficking, the rest of it. And they realized, look, organized crime is a tremendous source of political intelligence, blackmail and potential bribery of politicians, police, intelligence officials at every level. If we can get into organized crime and there's a book on this by Joseph D. Douglas Jr. Called Red Cocaine.

Speaker 2: 53:02

It's absolutely brilliant. And it uses, again, defector testimony. Defectors who knew about this Operation Friendship of Nations that was being conducted. And of course, the Chinese and Russians were doing this at the same time. They both agreed to do this so that by the time you get to the late eighties, Russia and China are controlling two thirds of the world's trade through their syndicates that they have set up.

Speaker 2: 53:27

And of course, they started out with marijuana and heroin, and they progressed after they did studies on American POWs and found cocaine was the perfect drug for Americans. So they got involved. They said I started to set up the cocaine trafficking networks, and they used the Colombian guerrillas and others in Latin America to set up those. And the Cubans were very active in this drug trafficking thing. And they wanted to use black street gangs in America because they wanted radical blacks to be brought in to the revolution.

Speaker 2: 54:00

So it was gonna finance the revolution, but it was also gonna corrupt American society, not just in the sense of people using drugs becoming corrupted. But when you run this amount of money, hundreds of billions of dollars through the banks, you end up owning the banks, corrupting the banking officials, and then you can corrupt the politicians by elections and by election officials, which is what is being alleged. The Sinaloa Cartel, the thing about the Mexican cartels is if you read Los Angeles Times, which has had some of the best reporting on the Mexican mafia, that the Mexican mafia is a junior mafia under the Russian mafia. And the Chinese are in Mexico, too. They flooded Mexico more recently, but they've always been there as Scott Gobranson bringing weapons and narcotics into Mexico at the same time.

Speaker 2: 54:53

And we don't know what kind of military you hear the stories about Soviet era and Chinese military equipment stashed in Mexico. You hear about the communists in the Mexican government. Look at the Partido de Revolutionario Institutionale, formerly the long governing ruling party, was taken over by the communists through its education system. They got into education in Mexico and then they went, of course, Mexico was a left wing government anyway. It was very easy to draw them in.

Speaker 2: 55:24

Then when they broke the back of that party, you've got the current president of Mexico who has a history with the communists. So they've really moved into Mexico and in this poorest border, having this open border, which Biden has made happen and the Marxists in the US government have made happen. This is again, this is treason. This is collaboration with the enemy. And I'm sure many of these people are going, do we really should we if understood their neck was on the line, that America would go down, how many people were going to die?

Speaker 2: 55:57

They might reconsider their allegiance to their ideology because they're Americans at the end of the day. General Qiao Qian says, It's sad, it's tragic, but we want to exterminate all the people in the lower 48 states. And he said, Maybe even the Chinese Americans because they are Americanized and we can't do anything with them. We may not be able to make them communist Chinese. But anyway, why this infiltration?

Speaker 2: 56:29

Because they have ports in North America they can bring troops and equipment in. Ensenada is a port run by the Chinese. Today, it was run by them twenty years ago. Scott Goldbranson alleges that he was shown by this Tijuana Policeman and by fishermen, Mexican fishermen, was they were bringing weapons in twenty years ago and stockpiling them in Mexico, smuggling them across The US border and making weapons caches here in The US for the revolution. You know?

Speaker 2: 57:01

Like in the communist camps where the young red diaper babies went, they sang a song. Are you sleeping? Are you sleeping? Bourgeoisie. Bourgeoisie.

Speaker 2: 57:14

When the revolution comes, we'll kill you all with knives and guns. Right? They taught little communist would be communist kids that in the little communist camps here in The USA. You know, this is not I didn't make it up. Right?

Speaker 2: 57:29

You can go look this up. You can read, you know, Louis Boudin's and Whitaker Chambers and Elizabeth Bentley, the people who defected from the communist movement here in America. And when you talk about the World Economic Forum, it's just a communist front. Klaus Schwab has a bust of Lenin on his bookshelf. When he was interviewed one time, you could see it.

Speaker 2: 57:48

Klaus Schwab went and gave the speech a year ago this month in Beijing to the World Festival of Youth and Students, the biggest communist youth organization in the world. Why is Klaus Schwab there speaking before communist youth? Why does he say communist China is the model he prefers? Klaus Schwab is a communist. He's not a globalist.

Speaker 2: 58:09

That's just a mask because everything's a false flag operation. If they came out and they tattooed a red star on their hammer and sickle on their forehead, everybody would run the other way. But they're here to save humanity. And they're not bad guys. They're not Nazis or communists.

Speaker 2: 58:26

Right? So it's it is deception, just like you say.

Seth Holehouse: 58:31

And so with all of this this is I mean kind of for people that really understand what's happening, it can be frightening, and seeing this because it's almost you know, think about ignorance is bliss. It's like, gosh, you know, twenty years ago, ten years ago, knew very little about most of what we're talking about. Life was good. You know, life was just good. You know, you go to the ballpark, you play, you know, good little league, you get some popcorn, watch a movie, and I think that was part of the softening up is making life just really comfortable here and making us feel like there's not an enemy at our doorstep.

Seth Holehouse: 59:02

But the people that are now aware of this and thinking, okay, what can I do? And what's your for the average American patriot that understands what's happening, what can we do as Americans to help fight?

Speaker 2: 59:18

Well, the first thing you have to do is get oriented to the truth, to what's really going on, to who your enemy is. The first rule in politics is know who your friends are and know who your enemies are. If you if you can't get past that step, you can't correctly identify your friends and enemies, you're done. And this is a problem we saw on the left. The left would not admit that China or Russia were our enemies during the Cold War.

Speaker 2: 59:43

Now we've got this problem on the right as well as the left. We got people on the left who see imperialism. American imperialism is the great threat to the world, and it just isn't so. If you understand China and Russia and Cuba and Venezuela, the aggressive, hateful animus, as you say, the Satanism of it, the destruction of it. Karl Marx was into destroying.

Speaker 2: 01:00:11

It just was in his mind just rolling through him all the time. He wanted to overthrow and destroy the existing structures of civilization. And then he could be a god. As he said in a poem. He wrote a poem when he was in college.

Speaker 2: 01:00:25

If he could destroy the world, if he could destroy humanity, he could walk godlike through the wreckage of the world because God had created the world, but he was equal to God if he could destroy the world. If you could just imagine that kind of mentality, that's Karl Marx in a nutshell. And so, it is a kind of Antichrist. Carl Jung said this in one of his last books. He says, communism, totalitarian communism is the concentrated form of the Antichrist movement in history that has been building.

Speaker 2: 01:01:00

He argued it had been building from the twelfth century with the heresy. The Albigensian Crusade was against that. Is the same, basically, the Gnostic Machanean heresy that really said that the God of the Bible is the devil. So the devil, Lucifer, must be the good guy. Right?

Speaker 2: 01:01:27

So you have this inversion of the story of the religion or theology or philosophy of Western civilization is inverted. And that inversion signifies those who want to tear it all down and destroy it. And Marx is carrying this legacy into scientific socialism, which has prevailed in Cuba, China, Russia, Southeast Asia, and now in South America. Look at all the countries that have rolled over. Look at Sub Saharan Africa, mostly communist dominated.

Speaker 2: 01:02:02

Some of the richest in terms of the mineral riches of those areas of the world, Venezuela is the most oil rich country in Latin America, and it's communist controlled.

Seth Holehouse: 01:02:14

Yeah. It's it's I guess for me, when I look at this, and when I tie it into the fact that, okay, I believe Satan's behind this, it's a good reminder that God's behind the other side. Right? The side that I'm aligning myself with. And that's, I mean, that's ultimately that is what gives me hope is I think that that, you know, whatever happens, even if, you know, even if my life comes to end, then I'm still in a great place.

Seth Holehouse: 01:02:38

You know what mean? Like, it's almost like I feel bad for the atheist. Like, what's, what's going to happen to them? You know what mean? And their, and their perception for me, it's like, you know, if it's my time to go, then it's my time to go.

Seth Holehouse: 01:02:49

And so that's how I've kind of formed my worldview. But I do think that, you know, looking back at even the story of Sodom and Gomorrah, is that God was looking for a few good people to save. You know what I mean? Because it was worth if there's a few good people and when I look around at me now, when I look at America, I look at, you know, even around the world, I'd say there's a lot more than a few good people. And I think that this emergence of the evil we've seen in the past couple of years has really brought the evil out, but it's brought the good out as well.

Seth Holehouse: 01:03:18

And that is what gives me hope is I'm seeing so many people that, you know, even if they didn't five years ago, now they're cherishing their family. They're cherishing God. They're cherishing traditional values, they're wanting to return back to those traditional values. I think ultimately that's what will end up, you know, saving the good people in this world that we should have hope because I think that God will shine down upon us with those blessings if we're deserving of it. Think there's a massive movement to do that.

Speaker 2: 01:03:46

It's divine chastisement. It brings people closer to knowing what is true and right. I think we're called upon to adhere to the truth no matter how difficult that is, that our existence here is temporary. After all, none of us leave this life alive. And so when you ask what people need to do is basically to be correctly oriented to know on what side you are.

Speaker 2: 01:04:16

I mean, that's it. And then everything follows from that. What you need to do to prepare to get your family ready and to be involved in local politics. Stop the communists in your school board. Stop them from indoctrinating your kids.

Speaker 2: 01:04:28

Stop them in this county commissioners meeting or county supervisors meeting. Get involved because have to remove these people from positions of power. They cannot be allowed to subvert our system from positions of power in which they're just lying about what they're doing, like what we see in many state governments and state houses and in Washington.

Seth Holehouse: 01:04:55

Exactly. Exactly. Well, Jeff, before we sign off, first off, just wanna thank you for coming back on the show. I think it was a really I mean, I always learn so much in talking to you. Just you're so well read.

Seth Holehouse: 01:05:06

But I wanna just, you know, give the audience your website because this is there's also a wealth of knowledge here. It's just jrnyquist.blog, where they can go check out your writings. You're very active on there. And again, just want to thank you for being a voice out there. And I think ultimately trying to do what we've ended this this episode with is trying to help orient people to the truth.

Seth Holehouse: 01:05:32

And that's why I feel like fundamentally, I feel like that's just, that's like my job. That's my sole mission in life is to try to help orient people to the truth. And I'm not gonna pretend that I know the whole truth, but I'm trying my best to piece together what I think is true and bring on experts like yourself, I think have a very good grasp of what's happening in the world. So again, thank you, Jeff for being here. It's great to have you on the show.

Speaker 2: 01:05:54

Well, thank you for having me, Seth.

Seth Holehouse: 01:05:56

Alright, folks, I hope you enjoyed that interview. But I have a quick question for you. Have you ever wondered with all this banking nonsense with these banks failing, they're paying a potential bail ins, and what's happening with your bank? That's a big question. Like what's happening with your local bank, your local credit union?

Seth Holehouse: 01:06:14

That's a big question to be asking right now. And so I've actually got a really special interview coming up with Doctor. Kirk Elliott, where we're analyzing and showing you really easy tools that you can use that are free online to figure out exactly how healthy your bank is. You can use these tools to go on and look at your bank and see what their deposits are, see what their spreads are, what the risk is, what the rating is, how likely that bank is to fail or not. So I think this is gonna be such a useful and helpful interview with Doctor.

Seth Holehouse: 01:06:44

Kirk Elliott. So, enjoy. So, Kirk, it is great to have you back on as usual. How are you doing, man?

Todd Callender: 01:06:53

I'm doing great. How are you, Seth?

Seth Holehouse: 01:06:55

Yeah, yeah, good. Just, just a lot going on. A lot going on. It says a lot to talk about too, but it's funny because as much as it seems like it's just a complete clown world, I feel like that I've been focused a lot more on just stuff around the house and family. And it's been a really nice break from, you know, kind of constantly following the news and seeing what's happening.

Seth Holehouse: 01:07:21

You know, it's important to, I think, pull out every once in while from that.

Todd Callender: 01:07:27

It is. I mean, clown world, really a good description. I mean, what we've seen, if you look at the debt ceiling talks, it was political theater at its finest. Right. I mean, so for three weeks, you've got McCarthy telling Biden's like, hey, this is mortgaging our kids' future.

Todd Callender: 01:07:46

It's mortgaging America. We're not going to keep rewarding you for adding debt. There's no way we're going to do anything. And then Biden says, well, there's no way that we're not going to negotiate. And so so the stalemate.

Todd Callender: 01:07:59

Right. So then Biden goes to Japan to the G7 meetings because he's got more important things to do than figure out the destiny of America. So he goes to the G7 to talk about their globalist things. Then he comes back last week and they're, Okay, so debt ceiling talks again. Now, we better get it squared away.

Todd Callender: 01:08:21

So what did they do? I mean, I'm not even joking. McCarthy might be the worst negotiator on the planet, or he was never negotiating at all. Because what we got I mean, this is why I say it's political theater. They wanted us to think that they were fighting about all this stuff.

Todd Callender: 01:08:40

But in reality, he gave Biden everything that he wanted. So and more. I mean, literally, he gave him more than what he wanted because prior to going into this, the talks were okay, they're going to raise the debt ceiling by $4,000,000,000,000 which would have been the largest ever. But what they did was worse. So they didn't raise the debt ceiling.

Todd Callender: 01:09:03

They took the ceiling off. So unlimited spending until the election. So when you have the people in power that now have unlimited spending until the election, who does that benefit? It benefits the people in power. So it's like you just gave Biden, like, the get out of jail free card.

Todd Callender: 01:09:24

Right? It's like, what in the world? Unlimited spending until the election, and then they're going to defer talking about that until after the election, which means a lame duck congress. People who may have been voted out are going to determine the spending future of America. This is insanity.

Todd Callender: 01:09:42

But some of the things that they kept in there were the $78,000,000,000 to hire all the kajillions of IRS new agents that are going to be armed. They kept that in there. They kept in there the potentially illegal paying off of student debts from $500,000,000,000 to $1,000,000,000,000 worth. That number is ambiguous. It's like, Okay, that one might not even be lawful.

Todd Callender: 01:10:05

Right? They kept in there all this horrible stuff and then took off the ceiling part of the debt ceiling. It's like, oh, what? I mean, truly, you weren't even planning on having a debt ceiling negotiation talk. McCarthy, seriously, worst thing that I've seen financially for America in a long time, which means what?

Todd Callender: 01:10:25

And more inflation is going to come, more rate hikes are going to come. So again, avoid the political theater nonsense that they're talking about. Oh, we we can possibly halt the raising of interest rates for a while because we've got this debt under control. Look, this is like the era of the in the Reagan years when you had these the the the contract with America that Newt Gingrich put together and Democrats and Republicans were talking and cutting deals and negotiating. I mean, that's what they're trying to make this sound like.

Todd Callender: 01:11:00

So except for the one big, huge fact. There was no negotiating being done. They forgot about the biggest word in the negotiating part of it, and they forgot about the other biggest word in debt ceiling, and they took just took the word ceiling out. It's like, oh, I mean, this is really bad stuff, Seth. And yes, this is what we've got.

Seth Holehouse: 01:11:24

It is. It's like giving a 16 year old an Amex black card with no limit and saying, Ah, be responsible. Right? It's like before you know it, there's gonna be Ferraris and, you know, gosh, you know, who knows what else? We won't get into that.

Seth Holehouse: 01:11:37

So, but something I was I wanted to hone in with you on is that obviously we've been talking a lot about just where's the dollar at, de dollarization, but really especially the past couple of months, the state of the banking industry, right? Are we, is you know, is there a looming, you know, collapse the banking system? Should we be worried, you know, and I think that sometimes we cover these issues, it's this big picture, right? You know, big picture numbers and big picture, you know, perspective of what's happening, you know, with the overall economy. But for someone that, say, has a local credit union or a local bank they're banking with, they're thinking, you know, what about my bank?

Seth Holehouse: 01:12:17

Right? Because maybe they're not banking with JP Morgan Chase or some of the other big, big guys. But they're thinking still, again, I see this question all the time. You know, what about credit unions? What about small local banks?

Seth Holehouse: 01:12:29

And I think that that's something that really matters to the average person so much. Right? You're you're the typical American, you know, especially the the listeners of this program, I think they're trying to go with more local, but then the concern is what's the health of those banks? And so there's something that, you know, I think it's a really important topic, and I discovered something this week, which I'm really excited to talk to you about, which is a third party company that helps analyze the health of the banking industry, like at a bank by bank level, like where you can literally look at your exact bank and see how they've independently rated it. Now it's not like a Moody's or one of these big ratings companies that are being bought off by the banks to say, Yeah, all those mortgages are great.

Seth Holehouse: 01:13:12

You know, let's repackage them and sell them until the cows come home. You know, this is a really specific, you know, company. So, I've got a quick video. So Glenn Beck interviewed, I think it was the COO, if I remember correctly, one of the main chief officers at this company, and they're talking about this. Now, but before I play the video, I'm just gonna read a quick snippet about the company because this helps you understand where they're at and what they're talking about with the banking system.

Seth Holehouse: 01:13:38

So let me pull this article up. So this is so it's called way WAIS or Weiss Ratings. So Weiss Ratings warns 4,243 US banks and credit unions are vulnerable to failure. So this is significant. Now, I want to read a little bit, but I want to highlight this this one point right here, which says since 02/2008, among the 539 banks that have failed, Weiss Ratings has provided advanced warning on 535 or 99.3%.

Seth Holehouse: 01:14:11

So this company that rates these banks and says, hey look, these are vulnerable, They've got a 99.3 track record of looking at all the assets and the positions of a bank, and understanding are they close to failing? Are they vulnerable? I mean, that's almost a % track record. So I'll read this to you real quickly. It says Weiss Ratings, the nation's only independent ratings agency that regularly evaluates the relative safety of US banks and credit unions, has warned that 400 and or say 4,243 banks and credit unions could be vulnerable to failure.

Seth Holehouse: 01:14:48

So among them, 1,210 institutions or 12.8 got a red warning flag signaling a risk of imminent failure, while over 3,000 received a yellow warning flag indicating a risk of failure in a financial crisis or recession, which we know we're entering into a recession, even the top the mainstream talking heads are talking about it. In sum, 45% of all banks and credit unions were deemed vulnerable. So Dallas Brown, who we're going to listen to a sip with him, their CCO says, the underlying underlying financial weaknesses in The US banking industry are widespread and the FDIC's newly expanded guarantee of all deposits does nothing to protect shareholders and bank holding companies who could still lose most or all of their money. Moreover, if the US Treasury cannot even pay its own bills, it could be hard pressed to cover the expanded liabilities of the FDIC. So, taking those words, now I'm gonna pull up this clip from, you know, Glenn Beck interviewing this guy.

Seth Holehouse: 01:15:52

And then we can kind of dive in this together. So here's a short clip I'm gonna play for everybody.

Speaker 4: 01:15:57

Oh, much about me, but I tend to think that we are running a shell game with our banks and our Federal Reserve and and our central our central banks and our treasury. And I think we've done such damage to our banks, and they are just printing money to keep everything looking like it's okay. I saw your so that's my point of view so you know where I'm coming from, and I want you to correct me, you know, and and enlighten me if you have anything better to say. I have not heard of Weiss ratings before, but I know you guys have been around for about fifty years. And in the last bank crash, I think you guys were the ones leading the way saying trouble.

Speaker 4: 01:16:47

Is that isn't that correct?

Speaker 5: 01:16:49

Yeah. So we did. So, I can get to both your points really quick. But let me just jump in and tell you who Weiss is and what we've been doing. So, this analysis we did isn't something that we just did one time.

Speaker 5: 01:17:03

We rate banks and many assets, stocks, insurance companies, bonds, and crypto daily. And so we see the movement that happens based on liquidity of banks, capitalization, stability. And so we're very vigilant, our analysts are very vigilant about this. And so Weiss has been doing this, they started rating banks in 1971.

Speaker 4: 01:17:30

And

Speaker 5: 01:17:34

So Martin Weiss is the founder, and his father, actually back in 1930, his name is Irving Weiss, he predicted the failure of the Bank of United States. And so that's where the catalyst of this came. And so in 1971, he got together with his son and they started rating banks for safety for consumers. And so we rate every bank. And so it's not just bank, it's also credit unions.

Speaker 5: 01:18:02

And so in 02/2008, you know, we we named in advance warning all the major banks that failed during that financial crisis.

Speaker 4: 01:18:10

I mean, you you were the I think the only guys that said Bear Stearns and Lehman Brothers are going.

Speaker 5: 01:18:15

Yep. Yep. So it was it was, like, weeks before Bear Stearns and was like a hundred and some odd days before Lehman Brothers announced that they're they're gone. Like it's it's an endgame with them.

Seth Holehouse: 01:18:30

So, that's, I think this kind of helps frame this because now going back to just pulling the article now that you see this kind of a company, the fact that they are saying, I mean, I don't know how this isn't like headline news, right? Because this is significant. The fact that they're saying that 45% of all banks and credit unions were deemed vulnerable, right? With 12.8% on the risk, risk of imminent failure, and then over 3,000 again, over 3,000 risk of failure in a financial crisis or recession which we're entering into I mean, this just I mean this just seems like a pretty, I'd say, dire prognosis of the banking industry. But Kirk, I want to get your thoughts on it.

Todd Callender: 01:19:19

Well, is dire. And Martin Weiss is brilliant. I mean, they take I mean, literally imagine the time it takes to analyze every single bank, right? Number of assets, number of liabilities, how much derivatives do they have? What are their percentage of non performing loans?

Todd Callender: 01:19:35

How much do they have in mortgages? How much do they have in stocks? All of that. I mean, I've been using them and their services since the early 2000s. I mean, they've been around for a long time.

Todd Callender: 01:19:49

I mean, they're really, really great research oriented company. Now, how appropriate for today that you found that research article? Because, A, they're very good at what they do, but, B, back when we were using them, banks have always been a little bit precarious, but not like they are today, right? Because ever since the Fed changed the reserve requirement to zero, banks don't have to have any money on hand. So therefore, the financial stability of the banks is of utmost importance.

Todd Callender: 01:20:18

If you think that your cash is safe, your checking accounts are safe, you might want to guess again, right? Because those numbers, what was it? I didn't write them down. April and how many banks are basically at terminal velocity? I mean, seriously?

Todd Callender: 01:20:39

I mean, this is not a good foreshadowing or leading indicator for what's coming with the banks, especially when they have zero liquidity by the Federal Reserve's own basically rules and regulations. So here's where when we go back, we start connecting some dots here. It makes it even more important. The video that you and I watched on this show of the FDIC meeting that was captured on video where they're saying there's unintended consequences. The public cannot know about this.

Todd Callender: 01:21:17

Right. What can't the public know about? What was the gist of that conversation back in December of last year? Well, it was multipronged is what we found out. Number one, that banks have no capital on hand.

Todd Callender: 01:21:33

They didn't want to have a run on the banks. Why didn't they want to have a run on the banks? Because they have no capital. But B, if there is a run on the banks, the FDIC is so underinsured. As of today, when we first did that, it was about 1.38% of all assets were actually insured.

Todd Callender: 01:21:55

1.38%. Forget about the $250,000 threshold. Well, today it's worse because people have been pulling money out of stocks and bonds, putting it into their safe haven cash accounts while the M2 money supply is deteriorating. It's diminishing because the government's pulling money out of the system. People are putting money into banks thinking that's the safe haven investment.

Todd Callender: 01:22:17

No, it's not. Banks invest in the same thing that you and I do stocks, bonds, companies, real estate. Right? Same thing that you got out of. They're actually investing in.

Todd Callender: 01:22:27

But today it's about $17,000,000,000,000 covered by not 125,000,000,000 anymore because they had to use a lot of that to get out of Silicon Valley Bank, Signature Bank, Silvergate, some of those things. So it's less than 125,000,000,000 that they actually have on hand. But let's just say it's 125,000,000,000. Let's give them the benefit of the doubt To cover 17,500,000,000,000.0 of deposits, checking savings accounts in America, that's 0.7% all assets in America are actually covered by FDIC. So you've got two horrible hydro arms coming out of this creature, right?

Todd Callender: 01:23:08

Number one is banks are completely undercapitalized and underfunded. Number two, so is the FDIC, your insurance on it. So this is why Weiss Research had said, okay, we've got 4,200 and whatever that number is of banks in the critical stage kind of ready for a bank failure. And you know what? Their research showed what was going to happen with Bear Stearns as well.

Todd Callender: 01:23:36

This group knows what they're talking about, and this is why you and I have been shouting this from the rooftop for months now. There are more bank failures coming. They're undercapitalized. It's just math at this point. It's simply just math.

Todd Callender: 01:23:52

And so what we do for all of our clients, we take information like this and we start to strategize a solution to get out of harm's way. General rule of thumb, if something's coming down, get out of it as soon as you can. If something is going up, get into it as soon as you can. Right? That's how you protect and preserve.

Todd Callender: 01:24:13

Now, times in history, the things that you should get out of change and the things that you should get into change. Right? Like during the Trump years and Reagan years, well, good grief, with lowering interest rates, lowering taxes, creating jobs and people's wages going up, it made sense to be in the stock market as one of the safest investments you could have had. But not now. Today, it's completely opposite.

Todd Callender: 01:24:35

It's like, I wouldn't touch the stock market with a thousand foot pole because it's toxic, because people's wages are coming down. And everything that you and I talk about week after week after week is actually happening. We're not talking about it like it's some kind of a theory moving forward. We're talking about it and it's happening right now. So bank failures, and I'm not in the game of making predictions, but yet I'm going to make a prediction.

Todd Callender: 01:25:03

We're going to see a lot more of them, a lot more. And Weiss would say there's over 4,200 banks that are primed for failure. And I don't know how many we get. All I know is that we're going to have more. And the next one, is it going to be a big one?

Todd Callender: 01:25:21

Is it going to be a top 10 bank? We got really, really close with First Republic. That was top 14 bank in the country. So the people that think, oh, too big to fail. JPMorgan Chase, it's going to be all right because they're buying up all the medium banks.

Todd Callender: 01:25:37

They're buying all the medium banks with tons of debt. That's what they're buying. And here's the thing as a smart business person, you're one, I'm one, right? I would never pay a penny for somebody else's debt. I would pay a penny for somebody else's assets, right?

Todd Callender: 01:25:53

You should never, as a business person, buy people's debt. You should only buy their assets, right? So when you look at what UBS did and you pull back the sheets on this nasty thing, they bought Credit Suisse, people thought, wow, they saved the contagion from spreading to Europe. But if I were a UBS shareholder, I'd be so upset because they paid $3,900,000,000 for what?

Seth Holehouse: 01:26:21

A bunch of

Todd Callender: 01:26:21

debt. Well, have like 37, no, what do they have? They have $3,700,000,000,000 in assets, in checking savings accounts. That's a lot for a bank. But they also have over $37,000,000,000,000 worth of debt, tenfold what they have, you know, 10 times as much as what they have in deposits they have in debt.

Todd Callender: 01:26:46

So what UBS just did, they paid $3,900,000,000 for $37,000,000,000,000 worth of debt. In what world does that make sense? In a clown world, right? In clown world where McCarthy and Biden just passed this deal that said, hey, only in political America does it make sense to add more debt to get rid of debt. In that world, maybe it makes sense, but that's not a real world.

Todd Callender: 01:27:14

Exactly.

Speaker 2: 01:27:14

That's a

Todd Callender: 01:27:14

world where everything's about to collapse.

Seth Holehouse: 01:27:16

Exactly. Well, so for folks that are watching or listening and are thinking like, okay, what about my local bank? I I sort of walked through how the Weiss Ratings works. It's actually really interesting how they how they've done this. So the website is weissratings.com.

Seth Holehouse: 01:27:31

It's w e I s s ratings. And so what you can do so on the top right here, click on this yellow bar here. This is showing the nearly 2,000 banks that are in a C rating, which I think represents that 45, part of that 45% that are very vulnerable. You can come in. So say your bank is the first community bank in Sherrod, Illinois.

Seth Holehouse: 01:27:52

So you go on, you can click on click on your bank, and it will tell you the leverage ratio, the return on assets, total assets, capital, total deposits and net income. So this bank, their net income is 132,000 you know, what with $67,000,000 in assets, and the return on assets is less than 1%, it's a C plus. Now, I can't make sense of those numbers in a way that you could, but let's just go back to that homepage again. Let's click on the the E, which is showing these are the, these are the ones that are like red, red. So here's one Rockhold Bank in Bainbridge, Ohio, not sure that's at, which is their their return on assets is point 31%.

Seth Holehouse: 01:28:36

And so it actually gives you these details and see, you know, and see. So I think for people that are watching, you know, weissratings.com, And this is a really easy way. I've already gone in there and looked up all different banks. I use a couple different banks that I've used, and thankfully, like, one was like a b plus, one was a b minus, but it's already I mean, I've already been taking, you know, moves against this and pulling things out and putting them into other things. But anyways, I thought this was interesting because this is a very practical way for folks to understand, you know, because I see questions all the time.

Seth Holehouse: 01:29:09

They say, Are credit unions better than banks? Well, go check out the rating of your local credit union. But I think it's also important to understand that the broader picture of this, which is that they're they're saying that 45% of banks and credit unions are if we enter into a recession, which we know that's where things are headed, are at a high risk of failure. And that's, that's concerning to me because to me, it's kind of like, even if 10% were a high risk of failure, that would be enough, I would think to cause massive damage in the banking industry. Nearly, if nearly one in two banks are at risk of failure over the next year, I just feel like that we're just seeing the beginning of this.

Todd Callender: 01:29:54

I think that we are. And so I'm putting together a strategy for my team to help everybody analyze these numbers if they were to go to Weiss Research and find their bank, because we know what to look for. I mean, this is what I do. I've got a Ph. D.

Todd Callender: 01:30:10

In this kind of stuff as to what causes banks to fail. I mean, generally speaking, just dumb it down as much as I can, when their investments stink and their withdrawals are greater than their deposits. I mean, that's what causes a bank to fail, right? So you start to dig into the number. What is their number of non performing loans?

Todd Callender: 01:30:32

What is the number of their assets? What about the liabilities? What about the leverage debt that they have and their securities mix? Do they have securities? Do they have bonds?

Todd Callender: 01:30:40

Do they have real estate? Or do they invest in companies? What does the bank or credit union invest in? Right. So this is the kind of thing that I'm putting together for our team to actually help all of the viewers navigate through the madness, because our goal as wise and prudent investors is to be in the right place at the right time, navigate through a crisis with a smile on your face, knowing that there is a solution.

Todd Callender: 01:31:03

And you and I have talked about this before because of the faith that we have, that we all share and what's in our hearts. Right? And this is what makes me sad about America right now is we're consumed and gripped with fear, focused on the storm rather than on the solution. So for example, I mean, this is just a horrible example, but I have a feeling there's thousands of people all over the country doing the same thing. So what we focus on at our firm is buy low, sell high, maximize the number of ounces of silver you can get, right?

Todd Callender: 01:31:45

You only can do that with bullion, right? Because key to wealth, A, be in the right place at the right time. Second key to wealth, don't overpay for your stuff, Right? I mean, it's as simple as that. But I talked to in the last two weeks, five clients.

Todd Callender: 01:32:00

They sent me their invoices from other firms that they have done with in the past or they were a couple of weeks out from being able to talk to me and they just said, I thought the world was going to end on June 1, right? And so I went with another company. Okay, here's an example. Actual real numbers, million dollar investment, paid $71.15 an ounce for silver and paid $3,700 an ounce for gold. It's like, what?

Todd Callender: 01:32:33

Are you joking? I mean, silver's 23 something dollars an ounce.

Seth Holehouse: 01:32:38

They paid a million dollars for maybe $300,000 in precious metals. I mean, that's in my rough mind.

Todd Callender: 01:32:45

Portfolio shrunk by almost 70% overnight because and here's the thing. I've been doing this for almost thirty years. I've never seen a client ever recover from those semi numismatic, semi rare collectible type coins. If you're a collector, fine. But most like 99.999% of the people that I talk to, they're not collectors.

Todd Callender: 01:33:09

They're not buying something just to hang it on the wall like your grandma's thimble collection or plate collection, right? Stamps. This isn't an investment. You're going to sell it at some point and you never recover from those excessive premiums. Client number two that we helped get out of this madness, they had gone with a company that they heard on another show, they thought it was reputable, but they paid $123 an ounce for silver.

Todd Callender: 01:33:39

123. This was last week, right? And it's like, I don't even care when it was. I wouldn't even care if it was in 2011 when silver went through their big, explosion and went from 12 to $48 an ounce in one hundred and twenty days. Not even then should somebody have paid $123 an ounce because silver was 48.

Todd Callender: 01:33:58

But the reality is right now, silver's less than $24 an ounce, which means you should be able to get a one ounce round for less than $30 an ounce. Don't pay 120. That's a gyp. It's the gyp of a lifetime that you will never ever, ever recover from. Right?

Todd Callender: 01:34:16

And so

Seth Holehouse: 01:34:17

I was surprised how St. Hart because I don't want to name names, but you told me which companies that these were the two companies that you're talking about that you saw the actual receipts from. I was surprised they weren't some small little company that I've never heard of. These were both probably two of the bigger companies that I see a lot of conservative shows promoting and I mean, I I my jaw hit the floor. I mean, I agree with you.

Seth Holehouse: 01:34:43

It's like, they're, you know, if silver is $24 an ounce, they're paying 123, they're paying almost a hundred dollar premium per ounce, which I mean, it's it's it's robbery. I mean, that's insane.

Todd Callender: 01:34:56

It's robbery. And I don't know how they sleep well at night. And it's not just two companies. I've got I've got five right now in front of me that I'm looking at their their invoices and trade records from the trade. It's like, what?

Todd Callender: 01:35:11

I mean, I'm just floored. And I don't know how people can sleep at night, right? I mean, this is that bad. And there's always some kind of a song and dance, or these are older and rare, and you're going to get a double play on your investment as silver runs out and you can't get these older, rare things anymore and it's going to multiply. It's like, no, you know, back in the day prior to the year February, maybe that was the case because people, if they wanted leverage on their account, they would buy some of these things or there's very few of them.

Todd Callender: 01:35:43

The world has changed. Since then, nobody cared. If somebody wants leverage, they're going with cryptocurrency now. The old rare coins, the things that have stories never ever, ever, I don't think ever again. I mean, just one guy's opinion, but I've got twenty nine years of experience in this industry, right?

Todd Callender: 01:36:02

But I don't ever see that, which is why we only will allocate into safety and low cost bullion. Because I don't care the only person that really cares about the story is the first person who buys it. When you sell it again, it's like, well, that was important to you, but not to me. I just want ounces of silver. Right?

Todd Callender: 01:36:21

So here's the thing. Don't believe the song or dance. Don't believe that collectability and scarcity and rarity. And that comes with a higher premium and it also comes with a higher commission. Right.

Todd Callender: 01:36:34

And if that defines what you want, if you want a collectible to pass on to heirs for the next generation, then that's great. You should go with one of those companies, right? Because I don't sell that garbage. I won't. And I shouldn't say it's garbage if that's what you want for a collection.

Todd Callender: 01:36:53

It's like, fine. But for an investor, which is what I'm concerned about, I'm concerned about protecting and preserving people's portfolios to navigate through this crisis that we're in economically, politically, geopolitically, be in the right place at the right time and don't overpay for your stuff. I mean, those kind of stories absolutely break my heart because these are people. They're real people with real stories with a lifetime of blood, sweat, and tears working, saving up for their retirement. And they were just robbed.

Todd Callender: 01:37:22

They were stolen from. Right? And that disgusts me to the core of who I am.

Seth Holehouse: 01:37:28

I mean, you and I both. You and I both. So, Kirk, I know that we've got to kind of wrap up here and you've got something. I've got something as well. So I just want to thank you so much for coming on.

Seth Holehouse: 01:37:39

I really always enjoy this. I want to encourage folks to go to do a little investigation on your bank, but also reach out to Kirk and his team. Look, I'm not gonna throw out this invitation on your behalf, but I'd say, look, if you just made a big purchase like that with a different company and you're concerned, I would say give Kirk's team a call. You know, not that you're gonna try to look over everything and try to vet everything, but you know, that's a lot of money that I mean, in my opinion, the person that spent a million dollars on that, someone just stole $700,000 from them and stole $700,000 from their future from that person's grandkids. I mean, I mean, for me, I could not sleep at night.

Seth Holehouse: 01:38:15

So anyway, folks, if you want to check out, talk to Kirk, talk to his team, best website to do it goldwithseth.com 7 2 0 6 0 5 3 9 0 0 if you want to call them. Again, golwalseth.com fill out the little form there or [phone]. And again, honestly, look, this is why I work with you. Because I know how you structure this. I used to be in the jewelry industry, I used to be in the precious metals business.

Seth Holehouse: 01:38:43

I know what kind of shenanigans happen. This is why I'm so confident when someone says, even with my mom, do you recommend? It's like Kirk. I trust Kirk. You've got a good heart.

Seth Holehouse: 01:38:52

You've got good values. So anyway, Kirk, thanks again. It's always great having you on. I look forward to being you being back on again next week.

Todd Callender: 01:39:00

It's my pleasure. Thanks, Seth. We'll talk to you soon.

Seth Holehouse: 01:39:03

Alright.