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Join me for an emergency 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
Join me for an emergency 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 Hulghouse. So some pretty significant information and data has come out about the US dollar and its global reserve status and as much as we've been talking about this for well over a year now, this figure and this report that's come out, which we'll be diving into, in my opinion, is the most concrete example and indicator of where the dollar is at as a reserve currency and also where it's at in terms of its overall value and how quickly it will collapse. But it on top of that, there's some pretty major news that's come out this past week about the rollout of the central bank digital currencies. And I've got a couple videos to show you that explain how it will actually work.
Seth Holehouse:Because there's a lot of theoretical things like, okay, this is what's happened with central bank digital currency. But we've got a video specifically showing exactly a case study of how they took a country, an African country, that had less than 1% adoption rate of CBDCs up to 60%. So anyway, this is gonna be a really important show, folks. I hope you enjoy it. I hope you take away some positive lessons for from it because we have to be pretty aware of what's happening.
Seth Holehouse:Before we get started, though, make sure you're following me on social media at Man in America and on Twitter at Man in America US. You can also catch the show on LFA TV, the great LFA TV. They've got a huge Rumble channel. They're broadcasting, and you can find the show listed over there. There's also got some other really good shows you can watch on LFA TV as well.
Seth Holehouse:And also, every show is done as a podcast. So if you wanna listen instead of watch, 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 this interview with Doctor. Kirk Elliott.
Seth Holehouse:Kirk, as usual, it's great seeing you. And as usual, there is a lot to talk about.
Speaker 2:There's so much. I mean, even even just this week, we've got inundated with earnings reports and real estate reports and and applications for new mortgages and pending home sales and GDP numbers. I mean, literally, a busy, busy week. And normally in the investment world, perception is reality, right? People will respond to news bites, you know, thirty second news segments and hearing Jim Kramer shouting from the rooftops and it's like, oh, I got to make a change.
Speaker 2:Right? Well, this week is not about perception. This week is about reality. As some of these numbers come out now, you have to have wisdom to discern because you know the inflation numbers are gonna be cooked. Right?
Speaker 2:You know that the unemployment numbers are gonna be cooked. Right? They're gonna they're gonna just mutilate their true meaning of those. But new housing sales? Hey, you can't hide in the woods on that one.
Speaker 2:Pending mortgages, you can't hide in the woods on that one. Right. There's so much that's coming out. And what I wanted to share with people, it's like when you've got official inflation hovering at over 6%, right? I mean, unofficially, it's over 20%, but their numbers are 6%.
Speaker 2:Well, what is gross domestic product? It's the reflection of everything that we buy right at current prices, which should have inflation built into it. So if GDP numbers are not what inflation is, you know that the economy is shrinking, right? Because that's just the math. That's how the math would work.
Speaker 2:So I'm expecting GDP numbers to be at like 1.7 to 3%, somewhere in this weird range when inflation's at six, even if it's at three and inflation's over six means the economy is contracting by like half. Right? So these are the numbers. When you understand how the puzzle pieces fit together, it paints a really horrible picture for the economy, which is why this week or actually last week, you saw McCarthy, mean, the Speaker of the House, you know, just ranting and raving about we've got this debt ceiling. We have to stop raising the debt ceiling.
Speaker 2:There's implications. There's problems here. But what are they going to do? Don't raise the debt ceiling because they're politicians. They have to.
Speaker 2:If you don't raise the debt ceiling, government shuts down, they don't get votes. Right? So you can say all you want in political speak. But the bottom line is they're gonna keep kicking the can down the road, create more inflation, which is going to wreak more havoc on the markets, cause more erosion to the US dollar and to the American family. I mean, this is what it's boiling down to.
Speaker 2:But this week is not about perception. This week is about numbers coming out. There is a ton of reports. And you know what? We're just going to identify them.
Speaker 2:The markets aren't going to act very kindly to them. I don't see how they could because these aren't gonna be good reports, especially the housing numbers.
Seth Holehouse:Yeah. And so one of these numbers that, you know, you and I were talking about before the show, which I'm gonna pull up an article for, like, to me is the most significant and shocking of almost any number that we could be talking about. And so, you you and I have we we've been talking for quite some time about dedollarization, the US dollar losing its reserve status. And a year ago, it seemed like it was more of a conspiracy. And I saw a lot of people saying, look, you know, the people that are, you know, pro gold and silver have been saying this for years, warning about the dollar collapse.
Seth Holehouse:And and so, you know, you could say, okay. Well, is it really going to, or are we seeing all the signs and we're not really sure when it's gonna happen? But some information recently came out that, in my opinion, and I'd love to get your opinion on this, is the most damning information against the US dollar. And, I mean, it's almost as if it's a real time status report on how far the dollar has fallen and how far it's gonna continue to fall. So let me go ahead and pull up this article.
Seth Holehouse:It's on our our favorite website, Zero Hedge. So this article titled it says it's a defund the poll the global police moment. Right? Saying, you know, defund America. Right?
Seth Holehouse:Jen. So Steve Steven Jen, who's a former, I think, Morgan Stanley, he has big financial guy. So Jen says, dedollarization is happening at a stunning pace. So I've got a few things highlighted I'm gonna read for folks here. So it starts off, over the fast over the last few weeks, it has seen you can't turn a page, blink at a pixel, or hear a news report without some form of de dollarization headline shrieking at you.
Seth Holehouse:From Brazil to Saudi Arabia and from India to Argentina, an increasing number of nations are reportedly shifting away from the dollar hegemon. So if we scroll down here, he says, but below the surface, the dollar's fecal matter is striking, rotating objects at an increasing pace. Funny visual there. And Stephen Jim, infamous for his corning of the of the dollar's smaller Morgan Stanley, which posits that the US dollar tends to do well when the economy is soaring or slumping, recently quantified just how rapidly the de dollarization is occurring. So Jin, who now runs money at, Eurizon SLJ, warned in a recent briefing note that the dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year's frantic swings in exchange rates.
Seth Holehouse:So he says, quote, the dollar suffered a stunning collapse in 2022 in its market share as a reserve currency. So this is a key point here, Kirk, is that and I I really wanna get your thoughts on this, but when we're diving into what it means that that it has a collapse in its market share as a reserve currency. So as the Financial Time reports, so Jen estimates that if you adjust for if you adjust for price changes for the dollar share of official global reserve currencies, it's gone from about 73% in 02/2001 to around 55% in 02/2021. And then last year, it fell to 47% of total global reserves. So here's the chart they have there.
Seth Holehouse:And for the people that are watching, you can see it. If you're listening, I'll describe it to you. You see these the the line chart with the black representing the USD basically showing that, you know, it moved from, as he mentioned, it was 73%. So 73% of all reserve currencies were held in dollars as I understand it. And it's now dropped below 50% to 47%.
Seth Holehouse:You can see this chart, and that's bad news. Like, this is you wanna talk about the process of dedollarization or the process of of the dollar losing its status as a reserve currency? This is the graph showing that status on its way to disappearing. So he continues, he goes on to ominously explain that the USD is losing its market share as a reserve currency at a much faster rate than is commonly believed. And that's the kicker right there.
Seth Holehouse:The fact that it's it's at a much faster rate than people believed. And so last quote here, says, the greenback's share in global reserves slid last year at 10 times the average speed of the last two decades as a number of countries looked for alternatives after Russia's Invasion Of Ukraine triggered sanctions. So that's a crazy figure right there, Kirk, that that its share in global reserves slid last year, and we weren't talking about this year yet. Like, everyone's abandoning it this year, but it slid last year 10 times the average speed of the past two decades. This what we're seeing is it's falling off a cliff.
Seth Holehouse:So, anyway, I wanted to talk about that because you're talking about the numbers that paint the picture of reality. And to me, this is like earth shattering information.
Speaker 2:Well, and it's earth shattering. And we don't haven't even seen the most earth shattering numbers yet because this is last year. Right? And we haven't seen what's happened over the last three weeks when when Brazil cut a bilateral trade agreement with China to trade in the yuan, when Saudi Arabia, Iran and Russia cut a trilateral agreement to trade in the ruble, when Iran and and Russia cut a bilateral trade agreement to trade in the rupee, when when Mexico wants to actually join forces with the BRICS nations, when Japan is pulling out and buying oil from Russia. Right?
Speaker 2:There's all these countries that's gaining momentum that those recent things over the last three weeks haven't even been reflected in these numbers yet. Right. So this is where we we started to head after the Russia Ukraine conflict. And and what caused a lot of this de dollarization. Really, it to me, it kind of has this tip of the funnel when when the Biden administration decided they were going to kick Russia out of the SWIFT system.
Speaker 2:Right? And so what are which is basically all international settlements, the basically all wires going into Russia to pay for things. I said Biden said, oh, we're ticked at you because of the Ukraine conflict. And so therefore, we're going to put these nuclear option of economic sanctions on you. No wires going in or out.
Speaker 2:So what did Russia do? Russia did what what any country would do. They did what I would do if I had some country put economic sanctions on me. I'm gonna take care of my people. So Putin went to China, said, hey, China, we got a problem here.
Speaker 2:We got a lot of oil. We got a lot of gas. We got a lot of agricultural stuff, my people are gonna starve. How about if we join our forces even more? Right?
Speaker 2:So so they because China already had the SIPPS program, C I P S, which is like SWIFT. And so then they pulled this in. Well, it was that one moment that now got the ball rolling in the snowball effect of country after country after country after country leaving the Western financial system, the transparency of transactions that we can see through that. So now you've got I mean, let's think about it. You've got arms dealers, you've got drug dealers, you've got money laundering, you've got all these transactions between countries that the West has no more visibility to because it's out of the SWIFT program and it's in their own.
Speaker 2:So who knows what they're doing behind the scenes? But what we do know is like, Okay, this attack, if we join forces with each other economically to be the world's reserve currency, you need a few things to actually be the world's reserve currency. Somebody can't just say, we want to be the world's reserve currency. So, I mean, I want to dunk a basketball. Physically impossible.
Speaker 2:So it doesn't matter what people want. But what are the things that are needed? Right? Okay, you need a strong economy, you need a strong military, you need political clout. Well, individually, these countries don't have it.
Speaker 2:China doesn't have it. Russia doesn't have it. India doesn't have it. But collectively together, it's like, Okay, now they really do. So you've got that framework set up.
Speaker 2:So now if you continue to dismantle by taking away and this is the big thing, stripping away that petrodollar status, built in demand for the US dollar is the world's reserve currency, and cut all these bilateral trade agreements, not using US dollars. There's no more built in demand for the dollar. This is why you've seen that precipitous drop. But this year, if we looked at that chart next year, it's going to go off the bottom of the page, right? Because we haven't even seen the beginning of the mayhem in those charts that are being reflected.
Speaker 2:This year, it's lights out. And we're only in April. I mean, this is going to be devastating. And this is probably the year where we hit critical mass. And The US no longer is the world's reserve currency because of the elimination of the petrodollar and the momentum that has been gained by these other countries actually not just diminishing demand for the US dollar by stripping away its petrodollar status, but by building a system to replace it.
Speaker 2:Right? There's two things. A, you have to kill what was already there to give birth to your new system. And that's exactly what's been happening over the last year.
Seth Holehouse:And it seems like that you have two new systems that are on the horizon, and it's hard for me to really understand what the relationship between those two is, whether they're secretly coordinating on the back end or whether they're competing. But we know that we have this the new BRICS, you know, reserve currency, basket of currencies that's in the works. Zimbabwe just announced that they're gonna be backing they have a new digital currency backed by gold. But then we also have the central bank digital currency coming from the European central banks. And it seems like that for us here in America that, you know, we don't have a Putin or a Xi or a, you know, any other leader that's in charge of our country saying, we're gonna reject this the US dollar system, and we're building some other system that's going back backed by commodities.
Seth Holehouse:We're in a situation where we've got Biden that seems like he is trying to actively destroy the dollar as if there's people pulling his strings and using him, like, as a as a hand puppet to further kinda put the final nails in the coffin, which you saw that happen with the sanctions. Right? That was one of the major triggers is that that, you know, all the countries around the world realized, wow. The The United States will now weaponize their dollar if if as an act of war, basically. Like, that's what that did.
Seth Holehouse:And so if you look at the we had the Fed now that was introduced. So there's a few different videos and different things we're gonna get into right now. So we've got the Fed Now system. We also have, which I'll pull up right here, the Unicoin. Right?
Seth Holehouse:Which so this was just recently announced at the IMF spring meetings. They announced the Unicoin. So it's like, Kirk, we've been talking about a central bank digital currency, and here we have it. It says during the last week's international IMF International Monetary Fund spring meetings, the digital currency monetary authority announced the launch of an international central bank digital currency known as the universal monetary limit, which is also being referred to as the Unicoin. So this is it.
Seth Holehouse:I mean, it's this is, like, what we've been so worried about is, like, literally accelerating. And then we also have the FedNow system. So I'm gonna jump to to a quick video where a guy explains the FedNow system, and I wanna go back to you and see your thoughts on this. But let's give this a quick watch because this is also significant because people are thinking, hey. Well, how's it gonna work?
Seth Holehouse:And how can I get out from under it? Well, check out this video on the FedNow system.
Speaker 3:You need to say goodbye to Venmo, Zelle, PayPal, and Cash App because FedNow is coming, and you don't have a choice. FedNow is a payment service by the government coming out in July that your bank will have to sign up for, which is the first step to make the dollar digital. Now, how does this work? Well, if you buy something on Amazon, your money won't go directly to Amazon anymore. It will first go to the Fed's account and then go to Amazon.
Speaker 3:This means the government will know everything you use your money for. And if they want to, they can reject any purchase you make, take money out whenever and decide what you can and can't spend your money on. Yes, it will be faster for payments to settle, easier to get stimulus and lowers costs that you have to pay to your banks. Your privacy is gone. So is it truly worth it?
Speaker 3:And guess what? You don't even have a choice to participate or not. Our banks are the ones who will decide for us, so follow me to stay tuned.
Seth Holehouse:So there we go. I mean and and I've got another video to kinda show in a little bit here about how they force people in Nigeria to adapt adopt the central bank digital currency. But when you see that video on the Fed now and you see the news about the unicorn, what is this telling you?
Speaker 2:Well, it tells you what's coming next. Everyone's all concerned about the Fed now because this is central bank digital currency of The US, right? Getting rid of fiat based paper dollars, which are private. You can go to a farmer's market, you can go anywhere and still use paper dollars and nobody know that you did it. If you don't know that you spent money, it's hard to tax that.
Speaker 2:Right? So part of this is all about government revenue streams. The other part is completely controlling the masses, making them subservient to the big global structure, which is not just an economic thing, it's a political thing. Right? Because telling people what they can buy or sell, basically making you a slave to the system is how you can truly control people.
Speaker 2:Right? So so what that what that video said was your funds aren't going to go directly to Amazon like they do if you use like well, they don't technically don't go directly there now. If, like, if you use Visa or Mastercard, right, goes to that clearing house and then it goes to them and then they pay the banks. Right? So so but this one cuts out all the middlemen.
Speaker 2:And it goes directly through the government to the payee and the payor. Right. So that it's that conduit, it's that tunnel. But in that tunnel is everything about you, your spending habits, your digital social profile. Actually, there's more to this tunnel like the Fed Now app than what people could possibly imagine when it's tied to your digital social profile.
Speaker 2:Just this morning, I read an article about Biden's next plan for for getting mortgages. Right. Anybody who has a high credit score like 700 or above is going to pay an extra $60 a month. It's like, what? I thought if you had a big, high, nice credit score, you could get a lower rate.
Speaker 2:No. He wants to actually help riskier buyers, but he's not having the banks do it. He's going to have people with good credit supplement the people with bad credit. This is 02/2009 on steroids. Two thousand and nine happened because of subprime lending.
Speaker 2:Right. And people getting mortgages that they shouldn't. Right. And so they made this into racial thing in this article that you have pulled up there, basically saying what the average black community's credit score is, what the average Hispanic community credit score is, what the average white community credit score is. Anybody can have bad credit.
Speaker 2:Anybody can have good credit. Race has nothing to do with it. Ethnicity, political religion has nothing to do with it. Right. So so what are they doing here?
Speaker 2:They're starting to build your social credit score, your digital social profile, where if they simply don't like you, they're they're just going to withhold your money or charge you more or charge you less, cut you off from buying or selling altogether. All these pieces are going together. But in the banking industry right now, there's massive consolidation. Small banks are being bought by medium sized banks. Medium sized banks are being bought by the big banks.
Speaker 2:Because if you're going to a new system, well, it's really hard to control all of the these sheep and these lemmings. Right? All these different banks out there, thousands of them. But what if they're all controlled by the big six? It's easy to control six banks to go into your system.
Speaker 2:Well, then how about globally with the unicorn that you're talking about? It's like, Okay, so you've got everything consolidated into the Fed now, and maybe you have one of those in Asia, maybe you have one in South Africa or South America, maybe you've got one for the European nations and for Africa. You know, just bringing in these regionally regional central bank digital currency systems all into one. Right. It's easy to control a few, especially if you're all in cahoots with each other.
Speaker 2:It's really hard to control the thousands and the thousands and the thousands of different banks in different systems. They want everybody to be in the same thing. And this is where you're right. This this unicorn that's being put together by the the kingpin of the economic globalists. Right?
Speaker 2:That's probably it. That probably is the global centralized currency that we've all been dreading. And I think that that's probably it.
Seth Holehouse:And so when I hear about this, it sounds like, again, this is similar to the dedollarization. You know, we've been talking about the concern of CBDC for quite some time. And, you know, before, you know, it sounded like people could be like, okay, well, maybe eventually, but is it really going to happen that soon? And, you know, I think for a lot of folks, it's kind of like you go into this thinking, say you watch this program and say you're really aware of this, and it's like, well, how are they gonna roll out roll it out? What's it look like?
Seth Holehouse:Will they be able to successfully roll it out? And so we I think that we have to look at other countries as examples of what they've done. And if you look at what what do we experience in the last couple of years, we experienced a mass vaccination campaign. Well, guess where those same campaigns were tested and pushed for decades before America and Africa. Africa has always been the testing ground for this stuff.
Seth Holehouse:And so I've got a video now because you and I have talked before about what's happened with Nigeria and some of the other countries over there, but I wanna bring up a video of this guy talking about how exactly the rollout of a central bank digital currency worked in Nigeria. So let me go and pull this up. And this is this video is a little bit alarming. Actually, it's very alarming, but I think we have to look at this and just be very just say, hey. Let's just look at it for what it what it really is me very sober about it.
Seth Holehouse:So I'll play this video now.
Speaker 4:Well, let me bring you up to speed. Folks, today's post is for anybody doubting that central bank digital currencies are definitely a thing and that a cashless future is absolutely imminent. Did you know that Nigeria is basically cashless now and that they have a central bank digital currency?
Speaker 5:After a three week delay, Nigeria's digital currency is now legal tender.
Speaker 4:In October of twenty twenty one, the central bank of Nigeria announced the e naira. Well, after about a year, only 0.5% of Nigerians signed up. Yes, big surprise. Most people don't want a central bank digital currency. They limited the amount of cash that people could withdraw from the banks and ATMs to $44 per week.
Speaker 4:Now the average Nigerian needs $40 per day to survive.
Speaker 6:A long queues at ATMs and banks nationwide, oftentimes in the middle of the night and up to seven hours long.
Speaker 5:Scenes of destruction are evident at different banks. Some have had their windows smashed and ATM pawns damaged.
Speaker 7:Still a tug of war to get cash is signed. Now the cashless policy of the CBN is yet to fade into the system.
Speaker 4:They banned cash. The government came out in October of twenty twenty two and said that they're no longer accepting the old banknotes. So they said, we're gonna give you new banknotes. But then the banks stopped issuing the new ones, people couldn't get the new ones. And then nobody could get any cash anymore.
Speaker 4:You can't use the old ones, and you can't get the new ones.
Speaker 8:Cash shortage sparked by the replacement of paper notes, a crisis which has left people cashless and has forced businesses to close.
Speaker 5:The ATMs are not working. Even when Even when you walk into the bank, they will tell you they are not giving money, that they don't have the cash. The banks are making the new naira note very difficult for Nigerians to assess.
Speaker 4:So what happened? A 60% increase in people who are using CBDCs because guess what? Children were starting to starve. They starved their own people into adopting central bank digital currency. And so this is a case study.
Speaker 4:This is a cautionary tale. The world leaders are taking notes on this and we, the people, need to take notes on this. Only the American people can stop this because if the central bank digital currency happens there, it's gonna happen everywhere, especially here in Canada. Write a letter to your congressman, your representative, keep the pressure up, keep your eye on this, make sure Congress does not approve the move to a central bank digital currency. And if you don't think that a central bank digital currency and a cash to society, just like Nigeria, isn't coming here, then you need to be a little bit more sophisticated in your thinking.
Speaker 4:Because why would we allow Nigeria, a developing country, to have a more advanced technology and payment system than us? Of course not, we're the first world. We have to be more advanced. We have to have better technology than them. People actually died in the streets.
Speaker 4:There was rioting. They didn't care. They burned down the banks. They don't want the banks to exist. They want the banks gone now.
Speaker 4:They don't care about the banks. They don't care about the riots in the streets. They don't care about the kids and the families that are starving, adults who aren't even eating food.
Speaker 5:All I wanna say is that
Seth Holehouse:So that to me has been I've been reading up almost, you know, like an addiction on understanding what's happening with the dollar and the central bank digital currency, and that video put it together for me better than I've seen any anywhere so far. And the big part about it just being how this is how they work. They will use whatever leverage possible to bring this system in. So even like in Nigeria, for instance, when they went from being a 0.5% adoption rate to 60%, What they do? They got rid of cash, and they basically made it so you couldn't even feed your family.
Seth Holehouse:So this is why I mean, this is why we talk so much about prepping in all different aspects. But anyway, before we get into that, I mean, what what did you think about that video, Kirk?
Speaker 2:Well, it's it's really creepy. But but yet not surprising because we've talked about this, Seth. We've talked about how if you want compliance with something, you create a crisis that's so bad that if it's so bad, people will give up their freedoms. They'll give up pretty much everything in exchange for perceived peace and security. What's more important to food, to a family?
Speaker 2:Hardly anything. Right? So when they needed when most Nigerians need $40 a day, they limit it to $40 a week. How are you gonna survive? Right?
Speaker 2:Truly, how how are you gonna survive? That's only surviving one out of one day out of the week in reality. So what about the rest of the time? So it's like, well, we'll take care of you. We'll take care of you.
Speaker 2:Just sign your life away here. And it's like, boom. That's how they got up from 0.5% to 60% compliance. But I don't see how that's going to differ in any other region, any other country around the world when it comes right down to it. And nobody wants to give up their freedom, which is why they had point 5% adoption rate at the beginning.
Speaker 2:Nobody wants to give up something to a government run bank that has the ability to cut you off from buying or selling. Who would? I mean, that's that's a horrible thing to say. Yeah, that sounds great to me. Nobody wants that.
Speaker 2:But whether whether you're forced with eating, sure. Now let's let's just do it. You know, let's talk to your wife and say, okay. Let's just do it. How about here in America?
Speaker 2:Fed now. What how how many people are gonna want that? Not probably very many at first, but what if every government worker? What about people on social security? What about people getting their government pension?
Speaker 2:Say, okay, you want your government pensions? Be forced to comply or else we're just not going to pay you. This is the new system. It's like, okay, well, boy, kind of think this that this might truly be the mark of the beast, but all right, we got to feed ourselves. Right?
Speaker 2:I mean, people are going to be snookered into these things out of eating, out of survival. Right? And and the case in Nigeria, very good case study. I mean, this is how it happens.
Seth Holehouse:Yeah. I mean, this is that's literally one of the things in the back of my mind. I, you know, when we're spent all morning today outside working, you know, building our garden beds, you know, planting, you know, getting ready. That's exactly what's on my mind when I'm thinking about what what is one of the scenarios I'm preparing for? It's it's it's that.
Seth Holehouse:Because of that, you know, of that 59.5% of people that didn't want the central bank digital currency and then were forced to get it, I would say that they were forced to get it for a few reasons. One is they probably did not have a store of food, enough food, so that they were now they couldn't feed their family, so they had to go out and abide by that system. They probably did not have any cash outside the bank or very little cash outside the bank, because you could see that one of the things they did is they just stopped they just stopped allowing withdrawals. So if people if they would have thought ahead and had some money outside the banking system that would have given them a little bit of safety net, and and my guess is that they didn't have any of their assets in other forms other than just that local currency. And so all, you know, all three of those items basically turned them into a slaves to the system.
Seth Holehouse:And it's just like in Ukraine after the the war kind of kicked off, they introduced the the universal basic income, basically, where they're gonna be giving people money to help kind of compensate, but they were gonna require that you got your your jab passport. And that's how it works. It's like so all the people that even that resisted getting that
Speaker 3:thing,
Seth Holehouse:they said, you know what, I'm not gonna get it. You know, I don't believe in it for whatever reason. If if you if if it's now if you wanna feed your family, you have to go get your third booster, your fourth booster. That's where this is all headed. But what you can see though, even in Nigeria is that 40% of people still chose not to comply.
Seth Holehouse:And that's what gives me faith in this because I believe that there's a lot of Americans that will just say like, I'm not gonna comply. And I think that you're gonna have, you know, it's like, okay, well, you can't get cash anymore. Well, we're just gonna barter. Like, you know, I'll give you some rice and you give me some gasoline. I'll give you a chicken, you give me some bullets.
Seth Holehouse:But I also think we're gonna see a parallel economy, a rise in alternative currencies as well. But so what are you what are your thoughts on just how that would play out here in America?
Speaker 2:Well, when you have something that's so egregious and so bad, the central bank digital currency, you're going to have so many people groups that this reminds me of Pelosi when when basically, I don't know if it was the CARES Act or what it was when she said, hey, we've got to read the we've got to pass this thing to find out what's in it. Remember that stupid statement? Well, this is like central bank digital currency. Once you have it, you're gonna realize how bad it really is. So I think from the jump, people are gonna realize this is not what we thought it was.
Speaker 2:This is complete loss of privacy, complete loss of freedom. And there will be like a revolt, so to speak. People are saying, We're not using it. But here's the thing, once you get into it, it might be hard to
Speaker 5:get out because they have the ability to cut you
Speaker 2:off from buying or selling. So by that point, it might be too late. Once you are in it, I don't think you're getting your stuff out. This is why the preparedness part of it is I would much rather be nine months, six months, three months early than one day late. Right?
Speaker 2:So as this starts to happen, there will be systems that I believe establish themselves whether what could some of them be? Silver for barter, right? Just taking tangible asset and trading it back and forth to people. A gold backed currency will probably emerge, maybe quantum financial system, some other cryptocurrency. There will probably be numerous parallel economies and systems that rise up almost from the get go that we could utilize.
Speaker 2:But here's the thing. Once you go into that system with the part that you put in there, it's gonna be very, very difficult to get it out. Right? So I would encourage everybody, when you see your bank unleashing Fed now, don't do it. Really, find a different bank.
Speaker 2:Find something else. Buy yourself some time to get yourself more prepared because we don't want that. We don't want big brother on our on our one of our most basic freedoms. Our ability to buy or sell what we want to and use the money that we worked really hard to accumulate to tell somebody, yeah, you can buy this or you can't. It's like, who are you to say?
Speaker 2:Right? But they're telling us that all the time. Yeah. And this is gonna be really
Seth Holehouse:bad. Dare they? You know, like, we work so hard, and we're already paying off huge amounts of money to the IRS and a corrupt government, and they now wanna say that we're gonna control how you spend. I mean, it's like, it it boils my blood to think. It makes me wanna spend it, like, get so far out of that system, you know, that it's like it's just yeah.
Seth Holehouse:It really, really gets under my skin.
Speaker 2:Yeah. Me too. And people should get out of that system. And you can with tangible assets. Like that's an easy one to start with now.
Speaker 2:Right? Other stuff will start to manifest itself down the road and different strategies will develop. I love it where you talk about preparedness food, Seth. I love it that we can have silver for barter that we can get out of, you know, get out of something that's digital. You don't want to be a digital slave in somebody's digital world.
Speaker 2:Right? So get something that's real, get something that's tangible, whether it's investing into metals through your IRA or non IRA, whether it's investing into weird to think of food as an investment, but it is. Yeah. Right? So some long term storage food, invest in the things that provides sustainability moving forward and how you live, right?
Speaker 2:Whether it's a chicken coop. I mean, some people like me, I'm a city slicker, right? We live in Denver. Some of those things are not feasible for me. So therefore, you get long term storage food.
Speaker 2:Just get some cans every time you go to the grocery store, get a few more. Right? I mean, just start to do what you can do to move forward. And here's the complaint I get from a lot of people. It's like, Kirk, can't afford it.
Speaker 2:We can't even afford to live, let alone just do a little bit extra. Then I would urge you find something that you can pull out. Anything. Right? It's like, I don't know.
Speaker 2:Everybody's budget is going to be different, but this is an important enough thing where you should reassess and start to do whatever you can do to protect yourself with food with your finances. But here's the thing, if you can't afford it, well, least then allocate your IRAs or retirement plans into something that's growing like silver, which is up over 20% in the last two and a half weeks. That's incredible. Ultimately, you can maybe sell off some of your growth assets to buy some of these things that you couldn't afford because the income's not there. Right?
Speaker 2:Just start. Just get in the right path, get in the right space. Give us a call and we'll help you navigate through that. I mean, that's what this show is all about. It's not about focusing on the storm, which some people think that it is.
Speaker 2:It's about focusing on the solution, Right? Because there's peace in the solution where there's turmoil and stress in the storm. Not saying that the storm's not there. I'm saying that there's an answer. And if we focus on the solution, that will bring peace.
Seth Holehouse:You know, I think that we we shouldn't act out of fear, but we also shouldn't bear our heads in the sand. And looking at could that happen in America where one day, you know, you go to your local bank, JPMorgan Chase or whatever it is, say it's a regional bank, and they say, sorry, we don't have any more cash to give out. You know, that could be could that could be weeks away. I mean, it really could be. Don't want to be a fearmonger, but maybe it's a year away, maybe it's two years away.
Seth Holehouse:But you can see the writing on the wall, all of this is happening. And the demise of the dollar, the collapse of the currency that, you know, the Federal Reserve note we know as the US dollar, I think is just it gives them the perfect opportunity to come in and say, look, you know, fiat currencies has to have a life cycle. And the dollar because of China and Russia, you know, the dollar has now collapsed and your cash is useless. So here's your here's your digital token instead. And so, anyway, as you you talk about prepping, you know, buying food, long term storeable food, you know, rice, beans, dry food, ammunition.
Seth Holehouse:Right? Even buying new boxes of nine millimeter. That's gonna be an amazing barter item. Seeds, heirloom seeds, that's gonna be huge. Right?
Seth Holehouse:Be able to produce your own food. And of course, precious metals, gold and silver. I got one final thing to kinda show as we're closing up. But it's like, do you think it's any coincidence that as this article just came out, that the central bank gold buying is at its highest since the nineteen fifties. Right?
Seth Holehouse:So that the central banks are buying gold at the highest amount since the nineteen fifties. We're seeing it. They see the writing on the wall. There's a reason why the people that know are putting their assets into precious metals. Because you're right, it's better to be six months, three months, four years early than to be one day late.
Seth Holehouse:So Kirk, if folks want to get ahold of your team, right, and set up a free consultation with you, they can visit. So we've got the URL, make it really easy on you, goldwithseth.com. If you go to the website, if you wanna do it this way, you just go scroll down. There's a really simple form that you fill out, and one of Kirk's team will get ahold of you and set up a meeting. So it might take a couple of weeks.
Seth Holehouse:Just be very patient. I know it's there's an urgency, but just being realistic for you guys have been so busy and you're still really organized. It might take a week to get a phone call. Just be just be, you know, to cut to set that that appointment up. So you can go to goldwithseth.com or call (720) 605-3900.
Seth Holehouse:Again, it's (720) 605-3900.
Speaker 2:So Kirk Yeah. Just give yeah. I mean, look, that last one, central banks are going into gold. Why? Because they know that it's real.
Speaker 2:And so if they're doing it and they realize that they need to back up their fake phony money with something that's real, we should do the same thing. They're covering themselves for their own system's demise. Well, they know that there's reward in that. So we should do the same. Right?
Speaker 2:If central banks are looking at precious metals. Right? And and, you know, they're they're they're going into gold. I would say go into silver because silver is outperforming gold. Still a precious metal.
Speaker 2:Right? Here's where we can take advantage of these trends rather than the trends taking advantage of us, be in the right place at the right time, grow, thrive, and start to come to that point of peace by focusing on the solution rather than on the storm.
Seth Holehouse:Yeah. I mean and while, you know, for a lot of people, they're watching their house value now declining after they it's gonna hit that peak. They're watching inflation happen. You've got silver up close to 30% in the past six months, gold up over 20% in the past six months. So I think I think it's just the beginning of that.
Seth Holehouse:So anyway, Kirk, it's it's always a lot of fun and just a pleasure to have you on the show. I really appreciate you coming on. And I have to say that I consistently get feedback from people saying I love the economic updates from Kirk, because you have a way of explaining it that you can explain it to the average person. If I can understand what you're talking about, then it's like your average third grader's gonna get it too. So thank you for that.
Speaker 2:Yeah. It's my pleasure. I've been doing it this isn't my first rodeo. I've been doing it for thirty years. And you know what?
Speaker 2:If I can teach this stuff in a university classroom setting where everyone's bored out of their mind with economics and they don't get it, and by the end of those classes, they love it and they get it, you know what? If I can do it to a kid who all they wanna do is ski, I know that we can do it to people who really care, right, about their retirement portfolio. So so there you go. It's just how I am. So think but thank you for those kind words.
Speaker 2:I I really appreciate them and love them.
Seth Holehouse:Absolutely. Well, thank you, Kirk. Take care.