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The mainstream media is finally admitting what we've known is coming for years: the dollar is on the verge of collapse. Join me for a critical economic update with Dr. Kirk Elliott.
To learn more about investing in gold visit - http://goldwithseth.co...
The mainstream media is finally admitting what we've known is coming for years: the dollar is on the verge of collapse. Join me for a critical economic update with Dr. Kirk Elliott.
To learn more about investing in gold visit - http://goldwithseth.com, or call 720-605-3900
Save up to 66% at https://MyPillow.com using Promo Code - MAN
Seth Holehouse is a TV personality, YouTuber, podcaster, and patriot who became a household name in 2020 after his video exposing election fraud was tweeted, shared, uploaded, and pinned by President Donald Trump — reaching hundreds of millions worldwide.
Titled The Plot to Steal America, the video was created with a mission to warn Americans about the communist threat to our nation—a mission that’s been at the forefront of Seth’s life for nearly two decades.
After 10 years behind the scenes at The Epoch Times, launching his own show was the logical next step. Since its debut, Seth’s show “Man in America” has garnered 1M+ viewers on a monthly basis as his commitment to bring hope to patriots and to fight communism and socialism grows daily. His guests have included Peter Navarro, Kash Patel, Senator Wendy Rogers, General Michael Flynn, and General Robert Spalding.
He is also a regular speaker at the “ReAwaken America Tour” alongside Eric Trump, Mike Lindell, Gen. Flynn.
Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. So I feel like I've been beating the drum of the potential collapse of the dollar for over a year now. And, you have taken a lot of flack for it, but, folks, it's really happening. You know?
Seth Holehouse:And I don't want this to happen. I don't wish it to happen. But if you look at all of the signs, there is a significant change that's happening that and this change really could be only weeks away. So we've got a pretty dire warning from a global leader to talk about today. We've got the mainstream media that's now talking about this.
Seth Holehouse:So this is gonna be a significant thing that we have to pay attention to. And so joining us today is Doctor. Kirk Elliott to explain what's happening and where we're at in this stage and what the potential future of the US dollar is. Doctor. Kirk Elliott, it is good to have you on again.
Seth Holehouse:My goodness, these are some crazy times, especially with what's happening in the global financial world. It's just it's nuts.
Speaker 2:And getting nutser. I don't even think that's a word, but it is now.
Seth Holehouse:It is.
Speaker 2:Seriously. I mean, you've got you've got presidents of other countries basically saying the dollar is gonna erode and when. You've got you've got these derivatives exposure. You've got banks that are failing. You've got civil unrest that's starting to rise up.
Speaker 2:I don't know if you've seen the videos in France over the weekend.
Seth Holehouse:Oh, yeah. Over the pensions.
Speaker 2:I mean, when France raised the retirement age by not a month, not by a year, ten years. It's like imagine if you were ready for retirement next month and you're all excited and say, I'm sorry, you're not going to get any of your pension money for another ten years. And so people are rioting and protesting. This has been going on for a while, but it's starting to hit new levels as as people their lives just got turned upside down overnight. This is what happens when you start to separate people from their money.
Speaker 2:Right? Yeah. And this is what happens when banks are failing. You're separating people from their money. When you've got central bank digital currency, what's coming down, which they've already promised, this is part of their plan, that if you don't toe the line, if you fall outside of the narrative of what we want as a globalist community, well, we'll cut you off from buying or selling.
Speaker 2:That's separating people from their money. That is the result. We're just seeing a taste, a foreshadowing, so to speak, of what happens when people get separated from their money in France. And these are elderly people. These are old people.
Speaker 2:These are people reaching retirement years. They're being beaten down on the streets by cops because all they want is their retirement that they were promised. I mean, it's it's as simple as that. But outside of your faith and your family, money is the most sacred thing that anybody has. And they just got that taken away from them, at least for another ten years, and I would probably be a fool to think that they're even going to get it then.
Seth Holehouse:Oh, And the
Speaker 2:reason they're not getting it is because France is a lot of money.
Seth Holehouse:Exactly. And there's just, and that's just like, I don't know. I look, I don't want to a doom and gloom kind of guy, but I want to look at soberly at what's happening in the world. And we've seen, I mean, we've seen the writing on the wall about what's happening with the dollar for quite some time now. And, you know, I've gotten some good videos to play because it's now it's it's hitting the mainstream.
Seth Holehouse:And actually, so I wanna pull this up for reference because I was curious. I said, when did I do my first like show exclusively talking about the death and the dollar? And it was literally almost exactly one year ago. Right? And I said the death of the dollar.
Seth Holehouse:I said the dollar's collapsing. It's coming. It's sooner than you think. And he says that, you know, 48 thumbs downs on there. Looked through the comments.
Seth Holehouse:There's a lot of people that were coming out and saying, look, you're this is fear mongering, you're trying to sell gold, you know, you're just, you know, you're another gold bug. Like this is I got a lot of negative flack for that. And the thing is, is I was just saying, look, look, like if I see a food crisis coming, if I see some election issues coming, I'm gonna talk about it. And I also saw this coming as I'm sure that you have for quite some time. And but now, you know, and even folks that were watching this said, look, you know, Seth, you know, I wanted to get some of our money out of the dollar in the different areas of my my husband or my wife, they they weren't on board with it.
Seth Holehouse:And but now though, it's it's literally hitting the mainstream. So this past weekend, we had both Fox and CNN do specific segments. It's funny. It felt like their segment actually, I'll pull it up so people can watch. We'll we'll play the Fox one because I don't wanna play CNN on here.
Seth Holehouse:But it was almost like they had been watching our interviews over the past six months, and that's how they formulated this entire show. So watch what was about a two minute clip. This is from Fox. But folks, you got this. Just check this out.
Speaker 3:I'm gonna put an announcement this week that Russia will begin using the Chinese yuan to for international payments instead of the dollar. Saudi Arabia is also in talks with Beijing to do the same thing. Speaking of Saudi Arabia, meanwhile, they're in talks with Iran as well to consider an economic alliance with China and Russia. And they can even be joining the BRIC countries, which is an acronym for these countries here, brush Brazil, Russia, India, China, and South Africa. These countries all have emerging economies.
Speaker 3:So what happens if our economy and the US dollar are no longer the world's dominant currency? Former assistant treasury secretary and host of the Monica Crowley podcast, Monica Crowley, is here to weigh in. Monica, great to see you this morning. Let's start right there. What happens if these emerging economies move away from the US dollar towards the Chinese yuan?
Speaker 4:Well, good morning, Will. It's great to be with you, and it's really hard to overstate exactly how catastrophic the abandonment of the US dollar would be, as the world's, global reserve currency. Look. Since the end of World War two, the dollar has been the safe place to go, and it's been backed up by a couple of things. Originally, it was backed up by gold, but president Nixon took took us off the gold standard, so there's no hard asset backing up the dollar anymore for the last fifty years.
Speaker 4:But, also, it's been backed up by the strength and economic power of The United States and the fact that oil has always been traded in dollars. If that were to end, that would mean the end of the US dollar. Look. There is a perfect storm happening right now, Will. The the world's reserve currency being that having that status has been a real privilege, but we've abused the privilege by wholly reckless monetary and fiscal policies over many years, certainly over the last couple of years, which has really devalued the dollar.
Speaker 4:On top of that, now you do have this perfect storm of Biden's weakness, his war on American domestic energy production, the Ukraine war. And as you point out, because of all of these things, we've got America's enemies led by China forming a new economic block. And all it would take at this point now, because we're at this pivotal moment, Will, is for Saudi Arabia who has indicated that they're open to this to say, you know what? We're gonna be open to considering other currencies to trade in oil. If that were to happen, there would be a complete implosion of the global economic system, but certainly the American economic system.
Speaker 4:And if that were to happen, you'd be looking at sky high inflation, just raging Weimar Republic kind of inflation. If you think inflation is bad now, just wait. But more importantly, we would lose our economic dominance, and we would lose our
Seth Holehouse:So, I mean, you know, we've been talking about this. What's your reaction seeing that this is now on Fox News? Like, that's what are what are your thoughts on that?
Speaker 2:So, my initial thoughts are, A) it's now hitting the mainstream. We've been talking about this for over a year. This isn't a surprise. This is just math, right? When you overprint to fund every stimulus under the sun to keep the economy afloat when it can't be kept afloat on its own, you're gonna have unsustainable amounts of debt, and that brings massive amounts of inflation.
Speaker 2:What Monica Crowley was just talking about on a mainstream news network is now it's going to become real to a lot of people, right? Because before it's like, oh, it's just some rogue internet blogger, just some weird truther on the right that's talking about the collapse of the dollar, right? Well, it turns out to be true, and now people will believe it because it's it's become more mainstream. But, man, if they would have talked about it a year ago, which I wish that they would have because the writing was on the wall then, we would be in a different place. We would have more outcry, but what this is going to cause is more runs on the banks, because now when I talk to families, when I talk to investors, it's usually like I'm talking to a wife or a husband and they get their other spouse on the phone who isn't on the same page and they're thinking, No, my stocks, my bonds, my mutual funds, they've always been good.
Speaker 2:You know, it's that normalcy bias that kicks in, It's like, therefore, I'm just going to stick with what I've got. My bank isn't going to fail, right? They've got tons of assets. They've got FDIC insurance coverage. Everything's going to be just fine.
Speaker 2:It always has. It's like, you know what? Times are different. We now have more debt than we've ever have. We have more interest rates than we've seen in over forty years.
Speaker 2:You know, we've got more inflation than we've seen in over forty years. It's a different time, a different place. Nobody's seen a rising interest rate environment since the late seventies, early eighties. See, back then, didn't have the dramatic impact. It was ugly.
Speaker 2:I mean, everyone can remember the Carter years. Right? But now you couple rising interest rates, which aren't going to slow down anytime real soon. You know, as Monica Crowley was talking about the unrelenting printing of money because we've now lost gold backing. We've now lost oil backing.
Speaker 2:We're no different than Venezuela. We're no different than Argentina. We're no different than Weimar Republic Germany, right? When they had hyperinflations, we're no different because we're no longer world's reserve currency. So what's their mechanism?
Speaker 2:Raise rates to slow that down, like what you started to show with. It's a vicious cycle that will not end well. It just won't. And what I'm going to see, though, is a lot more people getting help because maybe you've got a married couple and one is on board and one is not, right, they're going to start to see this and now they're going to reach out and say, okay, we really do need to do something because it was on Fox or maybe it's like, okay, whatever. But it's good.
Speaker 2:I mean, the exposure is good. The fact that people have waited so long is bad, but it's not too late, obviously. I mean, things haven't imploded yet. But every day that we move forward, we're getting closer.
Seth Holehouse:And it's kinda crazy because, you know, my mom, as an example, she watches the show a lot. And, you know, a lot of times it's funny because she also watches Fox News occasionally, but a lot less lately. But she'll she'll call me and she'll like, Seth, Tucker's talking about exactly what you were talking about six weeks ago or exactly what you're talking about three months ago. But there's some aspect of it is like when Tucker talks about it or when they see it on cable television on Fox News, now it's real. Whereas when I'm talking about it, it's like, well, maybe it's real, but maybe it's not.
Seth Holehouse:And and this is like huge. And actually CNN aired a very similar segment where CNN was talking about the exact same thing and how that the only how they they talked about was that the only weapon The US has globally now is its dollar. And if we lose that weapon, we lose the dollar dominance. We lose our position as the world police, as the world leader. And, you know, what she said, it's about the Weimar Republic.
Seth Holehouse:It's kind of crazy because I've actually my wife had been watching a bunch of old, documentaries on World War two and Germany and hyperinflation. And you look at some of the footage from Weimar Republic, and that they're literally boxes and boxes of these dollars. I mean, there's there's stories of someone saying that if someone would leave a suitcase full of cash sitting or a basket full of cash sitting on the sidewalk and someone stole it, they'd come back and find the cash all still sitting there and the basket was stolen. Like that's literally like what what would happen is that people the the value of their money in the morning would drop by the evening. So people had to spend the money as soon as they got it.
Seth Holehouse:And, you know, as she said there, I mean, look, she was the former assistant treasury secretary saying, if Saudi Arabia accepts other currencies and basically gets rid of that, you know, that agreement that keeps The US as a petrodollar. She's saying if that's happened, the entire global financial system will implode, especially The US financial system. And where you say you think inflation is bad now? Wait, this is gonna be Weiner Republic hyperinflation, where we could see a % inflation month over month, even a % inflation, right? You look at those old Zimbabwe dollar notes, it's a it's a $1,000,000,000,000 bill.
Seth Holehouse:Like that's what happens with that. I mean, so this is it's here. But then what's even more insane is that one of the other conspiracies that you and I talked about was something called Operation Sandman. And Operation Sandman, you know, through my kind of perspective of being that there's all the different countries, you know, they talked about the BRICS nations in there and the other different countries that are forming the alliance to get rid of the dollar, you know, kind of controlled system that they would know when the timing would come so that they could all on the same time schedule get rid of their treasury bonds, rid of the US dollar debt that they're holding. So that way, because imagine if there's 10 different countries all holding, you know, say a million dollars in US dollar, it will the first country dumps it, you know, then by the time it gets to the last country, their their dollars will be worth almost nothing because it just so they'd have to do it timing wise.
Seth Holehouse:And so what's really, really kind of eerie is a video that you'd sent me of the president of is it Kenya or is it Sudan? Kenya. Kenya. This is like I'll go ahead. I'm gonna play this and I'll let you explain it because this is this is actually the most worrying thing.
Seth Holehouse:This is something that they hit me in my gut and said, okay, this is really real. Like, this is happening. So let's go and play this video. And this is again, this is the president of Kenya.
Speaker 5:For the people who work numbers, I am giving you free advice that those of you who are holding dollars, you surely might go into losses. You better you better do what you must do because because this market is going to be different in a couple of weeks.
Seth Holehouse:So him, the president of Kenya coming out and saying, for those of you that work numbers, so the people in finance, I recommend you getting out of the dollar because this market is going to be different in a couple of weeks. And what do you make of that?
Speaker 2:There's two ways to look at it. And both of them have the same outcome. Okay. So, one is the conspiracy kind of that you had mentioned, right? It's like, I don't know if it's conspiracy or not.
Speaker 2:I don't know. But is operation Sandman, which this is what he's referring to potentially in a couple of weeks, the markets are gonna change. There's over a 40 countries have already agreed to dump the dollar on the same day. Right? And that's supposedly in a couple of weeks, which would decimate the dollar.
Speaker 2:You flood the markets with that much currency from all these countries. These aren't individual investors. They're countries that the dollar would be over.
Seth Holehouse:Right? We probably see if all that happened, I'm just I have no idea, but am I am I right in thinking that with within the first thirty days after that happened, we could see a % hyperinflation. Right? Like, we would just see the dollar evaporate. Right?
Speaker 2:You could because in Weimar Republic Germany, I mean, it didn't erode that quick. What happened in Weimar Republic Germany after World War I, they bombed the living daylights out of the other countries and the Treaty of Versailles came along and said, hey, Germany, you got to repay your war debts. Right? So so if you look at a scale, which maybe on a future show, we could show the scale of how quickly the inflation ramped up. It wasn't in a day because it's like, oh, man, how long is it gonna take for this to happen?
Speaker 2:But it's it's within months. Really within months, they went to so much inflation that people had to be paid in wheelbarrows full of cash twice a day. Right? I mean, we're talking millions of percent of inflation a month. I mean, it was insane.
Speaker 2:It was absolutely bonkers. Right? So so we're seeing the same thing here. Germany was a big kid on the block then just like America is today. Right?
Speaker 2:So it would be lights out for the global economy because you would need to have a reserve currency for international stability. Oh, don't worry everybody. We got the BRICS nations. Yeah. Right?
Speaker 2:So so but if that's there there's that flood of selling, what happens to China? China owns, like, a trillion dollars worth of US treasuries. It's like, they're they would they would diminish their value very rapidly, so it's gonna be in their best interest to dump all of their treasuries that they have as soon as possible. The same thing with Japan, same thing with Europe, same thing with Canada, then who's left holding the bag? The largest owner of US treasuries on the planet is actually the federal reserve.
Speaker 2:Right? So they've got all these toxic assets that are diminishing, this all amplifies the hyperinflationary scenario quickly. But but, oh, there there's a solution. Right? It's the central bank digital currency.
Speaker 2:They'll come in, save the day. Right? That's what they're gonna message it as. But it's not gonna change anything. It's absolutely going to change nothing.
Speaker 2:We have to always, always, always remember the same people bringing in that system are the same ones whose system is being trashed. Right? So it's not going to change anything except get rid of all of your freedom, all of your privacy. So this thing so that's option one. Option two ends up in the same outcome, which is devastating people's portfolios because the Central Bank of Kenya had to get involved after the speech by the Kenyan president and said, wait a second.
Speaker 2:We have to put in forex controls, foreign exchange controls, because when a policymaker starts actually potentially manipulating the markets by making a policy statement that this is what's gonna happen, You know, when it's a president, they actually have the ability to make markets and run policy. Right? So Central Bank of Kenya had to whip in some legislation right away to actually unlock dollars, meaning that they don't want to hold this back because here's what could potentially happen, and just a theory, right? Well, let's say it's not option one. Let's just say it's just an illegal action stating, Kenya has a bunch of short positions on the dollar.
Speaker 2:If they can make a statement that causes the dollar to come down in value, they make money hand over fist. But what happens to the dollar holders? They lose money hand over fist, right? So could be a mechanism for Kenya to make a fortune and for the dollar to erode in value, which ultimately ends up in people not having any money, right, that are U. S.
Speaker 2:Dollar holders. What was the result of the hyperinflation? People not having any money, right? Of this potential operation Sandman. The end result is the same.
Speaker 2:I don't see a good outcome from this, but the fact that we're having this conversation and people believe it's like, the dollar could actually go away. It's believable now, right? Because everything's falling apart. Five years ago, nobody would have given that video even a second glimpse. It's like nothing's going to happen to the US dollar.
Speaker 2:But now people have their confidence has eroded because of all the banking failures, because of everything else, that this is actually plausible, and people know in their gut, it's like this could truly really happen. I mean, this kind of stuff could cause a run on the banks even further than what we already have. Bottom line is, operation Sandman, hundred and forty countries selling dollar all on the same day, some kind of a nefarious mechanism that causes a central bank to to issue forex controls. The central bank would issue forex controls under operation Sandman too. Don't get me wrong.
Speaker 2:Because if there's gonna be tons of trading and tons of dumping of the dollar, they have to make sure that the financial institutions that are actually negotiating these deals and transacting these deals and getting money into people's pockets and selling and buying, that they're not delaying things on purpose to make extra profit, that it has to be a fair trading system. Right? So the fact that the Central Bank of Kenya got involved means that they do believe that something is happening in a couple of weeks or else they wouldn't have to provide legislation to force banks into compliance and issue statements of their compliance and what they're doing to prepare, because that's what the second part of that article said. April 30 is one deadline, and June or July is the second deadline. I don't know what it was, but but it's two deadlines in the next couple of months.
Speaker 2:It's like they believe something big and bad is gonna happen, or else you wouldn't waste the time to promote legislation and talk about it after a president says something is going to happen. That's the bottom line.
Seth Holehouse:Yeah. It's I mean, it's again, it just feels like it's real. Like, that's the thing. And look, I'm not I'm not wishing it to happen because it changes our life as we know it. But I'm also, you know, I mean, before every great disasters, a lot of people say, Oh, it'll never happen.
Seth Holehouse:It'll never happen until it does. And so with this, you know, this is, you know, kind of like my perspective is like, okay, if I'm looking at this, I'm thinking that the dollar could almost go to zero over the course of a couple of weeks or a couple of months, then I've got a window now. And so like, know, for me, it's like, okay, I need to make sure I'm buying food. I'm, you know, buying the things that my I would want to use my money for in the future. I'm trying to think ahead, you know, we've even gone and and purchased, you know, my daughter, she's two and a half.
Seth Holehouse:We've already went out and bought the next like five years of clothes for her. Right? We found it on sale in different places, we've got the shoes, so we're thinking, well, what if, you know, what if it's hard to even get these things in a couple of years? And so, you know, food, ammunition, and you know, so I think that for people that are watching, A, if you like you mentioned, Kirk, if your spouse or the other decision maker, if they've been on the fence about making a lot of the decisions that you want to making, whether it's prepping, getting more food, buying that freeze dryer, putting more money into gold and silver, show them that this show, especially that clip from Fox News. There's something about the Fox News that makes it real.
Seth Holehouse:And I would say, look, I'm not a financial advisor, so I can't get advice to you and research and all the all that stuff. But, you know, if someone's watching and say you have a little bit of money, I would first recommend that you're you have food, have seeds, you have a way, you know, ways to kind of protect yourself in a way that you understand. But if you have, say, you know, your savings or four zero one ks or some money that's sitting in these markets, you know, looking into getting it into something other than those markets or other than a an instrument that's not that is the dollar, I think could be really critical. So that's why I know that you specialize in gold and silver specifically is something I believe a lot in. But I mean, what what happens to gold and silver amidst these times?
Seth Holehouse:Because, like, was listening to a podcast recently and the guy was saying in Venezuela, after their currency collapsed, where people literally couldn't, they would have to bring a wheelbarrow of cash to buy a like a chicken, you know, you can see videos of it. But what's interesting though is that an ounce of silver, so this person said, the financial guy, an ounce of silver in Venezuela post currency collapse would buy a month's worth of food for a family. So the currency was worth nothing but an ounce of silver was so imagine the person that put away 20 ounces of silver, that's twenty months worth of food for their family. That's it's insane to think about.
Speaker 2:It is insane. Absolutely insane to think about, but it does hold its value. Right? This is what precious metals do. You know, kind of a case in point, hundred years ago, nineteen twenties, '1 ounce of gold equaled $20.
Speaker 2:That's why the old coins had $20 face value on them. But look at the purchasing power. That would have bought you a finely tailored men's suit, a shirt, a tie, a belt, and shoes. Fast forward to today, gold at $2,000 an ounce still buys you all that, but the $20, the equivalent, can't even go you can't even buy a pair of socks for $20. I mean, seriously.
Speaker 2:So this is where precious metals maintain their purchasing power over your over time, and it's really the best insurance protection that you can have against a collapsing currency.
Seth Holehouse:Well, I would say especially when you look at how Russia has now backed their ruble with gold, and you look at the top of the, you know, the gold backed, you know, currencies over there, it's like the these BRICS nations, they're hedging all their bets on precious metals so that the new system they want to bring in, I think it's just gonna change everything. So anyway, Kirk, I know that we're tight on time here, but I just wanna say, look, if folks do want to get ahold of you, you're someone that I trust that I go to regularly for advice. And if I want to get some silver or something, folks just visit goldwithseth.com. That's goldwithseth.com or give them a call at (720) 605-3900. To talk to Kirk or his team.
Seth Holehouse:And, you know, it's a free consultation. But again, this isn't just some kind of like fear mongering thing to go buy something. I'm just trying to really look out for all the people that are watching because I care about everyone that's watching the show.
Speaker 2:Yeah, I mean, call or email, fill out that form, just get in touch with us. I mean, I'm never an urgent kind of a guy, right? It's like, you know, think about it, pray about it, give us a call. But when the writing is on the wall, and banks are failing, here's what what we know. Two weeks ago when Silicon Valley Bank collapsed on Friday, the account holders on Thursday didn't know what was gonna happen the next day.
Speaker 2:I would rather be nine months, six months, three months early than one day late, because one day late might be too late. Right? So if you're thinking about it, if you're on the fence, just give us a call, right, because we can get things done. The writing is on the wall. It's actually not even that the writing is on the wall.
Speaker 2:The writing has already been written a while ago, and the table is set. We're just waiting for the guests to arrive. It's like everything's in place for absolutely a disastrous collapse, and that's sad to me. But it's like we can't change policy, we can't change what's been done over the last hundred years, we can't change that now interest rates are rising when we've got more global debt than what we've ever seen before, and that banks have debt on debt, derivatives debt, which is just multiplied. If debt weren't bad enough, multiplied debt's even worse.
Speaker 2:This is why I would take advantage of the situation now rather than be a day late.
Seth Holehouse:Exactly. And also, so folks, the phone number and links will be in the description below. So, Kirk, thank you for coming on. And as we talked about, we're gonna start doing these probably twice a week having these shorter updates like this because the situation is just changing almost daily. And I think it's just it's this could change life as we know it.
Seth Holehouse:So I really want to stay focused on it, keep people educated. So thanks again for coming here.
Speaker 2:My pleasure.