Hodgetwins Podcast - EMERGENCY ECONOMIC UPDATE WITH DR. KIRK ELLIOTT!

Episode Date: March 20, 2024

The economy is totally unstable y'all! The dollar is getting weaker and weaker and Bidenflation is messing everything up for everybody! Our friend Dr. Kirk Elliott sat down with us to break down all the details of what to expect moving forward if we can't turn this around. Dr. Kirk is an economic expert and has been in the silver and gold business for over 20 years. He's gonna give y'all the blueprint on how to properly move in this unpredictable economy. He told us to invest our money in gold and silver and we think you should too. We want all our big fans to set themselves and their families up for success! That’s why we partnered with Dr. Kirk and created hodgetwinsgold.com just for y’all! Signing up is totally free and Dr. Kirk’s team of advisers will listen to all the concerns you may have about your economic future and talk you through the right plan that especially fits your needs! Secure your economic future today for you, and your family! - https://www.kepm.com/hodgetwins

Dr. Kirk Elliott, you're an economist. You also are a silver and gold broker. I want to start our conversation off today about the state of our economy. Bidenomics is terrible. What we've got is inflation because they're printing money like there's no tomorrow. I mean, that's the root cause of inflation. If you had a president like Reagan or Trump, what was their defining economic policy? They lowered taxes, lowered interest rates, and created jobs.

But you contrast that with what we've got today, which is raising tax. is rising interest rates to slow down inflation that they're creating by printing money out of thin air. And we don't have job creation. We have wage reduction and job losses. So it's exactly the opposite of what we need for growth. The government is just running a month, doing whatever they want. This is where tangible assets like gold and silver really come into play. Right. Gold and silver. Put some respect to this thing. Dr. Kirk Elliott. Yeah. You're an economist. You also a silver and gold broker. And I want to start our

conversation off today about the state of our economy, the dollar, and where you see it's going to go over the next, over the rest of this year. It's easy, man. It goes like this. What you got to do is look at a graph. I mean, it depends on who the president is, but the one that's in the White House right now, Bidenomics is terrible. Yeah, it's pretty much money.

Yeah, I mean, what we've got is, is. Inflation because they're printing money like there's no tomorrow. I mean, that's the root cause of inflation. Right. Government. You know, rising prices are just this symptom of inflation. Really, inflation is just an increasing money supply. But they're increasing the money supply to fund every stimulus under the sun,

whether it's raising the debt ceiling, paying for entitlements, you know, this and that, Social Security, welfare, all of it, right? You know what? The people on the left is saying, all these big corporations take advantage of people to price gouging. I was like, no, they're not priced gouged and channel to keep up with inflation. They have to, their costs go up. They have to raise their costs.

But I hate the way the left spends everything. And they say, oh, it's big corporations. They are evil. They're horrible. And on top of that, that's the way to get a majority of their funds to run for office. Yeah, yeah. Yeah, that's true.

I mean, if you had a president like Reagan or Trump, both of them, what was their defining economic policy? They lowered taxes, lowered interest rates, and created jobs. Well, when that happens, people spend money. When people spend money, the stock market goes up. Everything is relatively good economically. But you contrast that with what we've got today, which is raising taxes, rising interest rates to slow down inflation that they're creating by printing money out of thin air. And we don't have job creation. We have wage reduction and job losses. So it's exactly

the opposite of what we need for growth. So now we've got this other problem. I mean, there's so many problems, guys, that are, that are manifested themselves over the last year. Right. Number one is the BRICS nations. I heard about that. Yeah. So BRICS nations, Brazil, Russia, India, China, South Africa. But then they've added BRICS plus, which is United Arab Emirates, Saudi Arabia, Ethiopia,

Egypt, Argentina, and others. So now this trading block of the BRICS nations is like 70% of the world's population. Well, I didn't know that. Yeah. So it's massive. I mean, just China. in India is a big, right? But you add all of that.

What did they do? So Putin, when the BRICS nations met in August of last year, said, and people can like Putin, they can hate them. And Putin's going to say what Putin wants to say to spin it in his direction. But he speaks with confidence about this one issue. And you all have been around enough where if somebody's lying, their voice isn't going to be strong, they're going to be weak. If somebody's really confident about something,

it's going to be a more robust statement. Yeah, they're going to avoid eye contact. Yeah, so Putin in this statement said, we're going to de-dollarize the world, it's our objective, and it's irreversible. So it's like, man, it's a bold comment. But how are they going to do it? They did it by adding Saudi Arabia and UAE

into the BRICS nations because now they've got six of the nine largest oil producers in the world as part of their membership, so to speak. Okay. So what does that mean? Since 1973, we were the petrodollary, meaning all oil settlements all over the world were traded in U.S. dollars. That's built in demand for our currency. That's how that dollar keeps its value.

Yeah, and that's how we can go into debt, up to $34 trillion of the debt. We can keep printing, and congressmen and women can actually keep raising the debt ceiling, keep spending money knowing that, oh, there's built in demand for our currency. We can keep doing this. Yeah, I wish I could raise the debt of my credit cards. I wish I'd get a credit limit increase every month. Some people ain't got that privilege. Like, we can't live that way.

Why is the government living that way? Well, it's because they simply just have a printing press. I mean, and we all have to pay for it. Right. It's crazy. They go out. Hey, we're going to send a Bindar's Ukraine. Go out there and print this shit.

That is crazy. Yeah, yeah. It doesn't make any sense. We have to pay the cost. If it makes good sense, instead of charging us taxes, they just print the tax money that we owe? The reason why they don't do that because it doesn't make sense. Right.

I mean, that's exactly what the president of El Salvador said at CPAC when they met. He actually blew the whistle on taxes in the United States. He said, you know, this is my summary of it. America keeps raising taxes, one of the highest tax nations in the world. Yeah. But yet, why do they keep raising taxes? Why do you all keep raising taxes when you don't have to because you have a printing press? So he said, high taxes is the illusion to pretend that we need high taxes to pay for all these services.

He said, that's all a bunch of garbage. Smoke screen. It's a smokescreen because really when they have a printing press, that's what funds the government. But now running the printing press, a thousand miles an hour means we have inflation. How do they slow down inflation by raising interest rates? So this is the problem that we have, and with Bidonomics, is we have massive inflation, and you have to raise interest rates to slow that down. Now, here's the pickle with the BRICS Nations.

We've been able to do this since the 1970s, really since 1944 when we became the World's Reserve Currency, meaning all international settlements traded in the U.S. dollar. Okay, with BRICS. nations saying, we're not going to use the U.S. dollar for oil anymore. We're going to use our own currencies. Yeah, it makes sense, right? Yeah, I mean, it makes sense for them

because now 70% of the world trading in their, own currencies with each other does two things, builds up their currencies, and it diminishes ours. Right. See, Putin, Xi and China, they want to be what the U.S. was. Right. They want to be the World's Reserve currency. They want to be the military superpower, the political superpower, the economic superpower.

Dr. Elliott, and that BRICS currency they came up with, it's backed by gold. Yeah, their plan is to back it with gold. Right. See, and this is where all of this is going to start to make. sense, right? So they've got the backdrop established on what they need to do, but there's one big problem. The U.S. dollar is still the world's reserve currency. They got to kick that kid out of the sandbox if they want that role. So that's what they're doing by de-dollarizing the world. That's why Putin could say that with such strength and confidence. Like, this is what's going to happen,

and it is. So now it's not as easy as a rubber stamp approval when they want to raise the debt ceiling because they can't. They're going to have to say, well, crap. Now we're just going to have to print more money to make this all happen. The inflationary pressures are going to persist. So to me, as I look at that, we're not out of the inflationary woods anytime soon. In fact, it's here probably for a long, long time, which is going to hurt every single American.

It's going to hurt every American living at the margin, living hand to mouth, you know, paycheck to paycheck because prices are going up, the cost of borrowing is going to go up to, and people are in debt up to their eyeballs. If we lived reasonable lives and we didn't have debt, who gives a flip if interest rates are 30 percent? Yeah, you don't have debt. You don't have debt, but that's not the case. Right. It does matter. And so therefore, everything that they are doing is detrimental to the U.S. economy right now. And so we have to ask why. Then if it's so detrimental, then why are they doing it? I think they want to do it.

I truly do, because what do they have coming next is devastating to freedom-loving Americans, to privacy-oriented Americans, which is central bank digital currency. So right now we have paper dollars. You can

go to a gas station, farmers' market, any store, you give them a 20. Nobody knows that it was you. Right. Can't track it. You can't track it. But with Central digital currency, you can track it. It's like big brother, it's like spyware on your bank account. Yeah. And so this goes back to executive order 14067 in 2019 that Biden passed into law, said, we're going to have central bank digital currency in this country. Then in 2020, Dr. Pippa

Malmgren of the World Economic Forum, she's their chief spokesperson for economic stuff. In Abu Dhabi, she made this announcement at the World Government Form. She said, we're going to have programmable money. Central bank digital currency is programmable money and it has the ability then to cut you off from buying or selling if your ideology doesn't match up. Same thing they did to Canadian truckers. Exactly the same. It's exactly the same. So take that and now the way that they market this is, hey look, if we know what everybody's spending their money on, we know the source of funds and use of funds, we can stop human trafficking. I want that. We can stop drug trafficking. well, I want that.

We can stop money laundering. We can stop all kinds of garbage. Right. Cool. Everybody should cheer about that. Right. However, the flip side of that coin is, what church do you donate to? Oh, well, that church speaks hate crimes.

They don't like whatever, right? Or do you belong to a church? Oh, you're evil to begin with. Yeah. Or what political party do you give to? Or do you buy guns and ammo? You're not in this for world peace. You know, why are you buying that stuff?

or do you buy gas for a big gas guzzling truck? Like I do. Right, me too. It only gets nine miles per gallon if I'm lucky. Right. So. Going down the hill, you get nine miles a gallon. So if they know all of that with a flip of a switch, they could cut you off. And they could say, Kevin, Keith, no more gas for you.

Or if you eat too much meat and they want you to eat bugs and like it, say, okay, you can't go to the grocery store and buy meat. right or if they don't want you to give to the church cut that off right this is ideological based spending yeah whatever go ahead no so who in their right mind would want that right who yeah i don't know anybody not even people on the left would want that yeah they line by omission but our government used things that's meant for good has a good intent but then they would use it for nefarious purposes i remember when covid was going down they was actually talking about this on the news where if you didn't get your vaccine,

they were not going to take you in the hospital. Yeah. It's just that mindset. If you don't get your vaccine by this day, you can't work here. Right. They take everything away from you. Yeah, they take your... Sometimes I get my heads, get to spinning, and it's like, I get so frustrated.

Because, and then people run to the polls and vote for this, because they think the left is doing something good for the country when they're actually destroying the country. It's like, yeah, the left and the right. We're too busy arguing with one another while the government is just running a month, doing whatever they want. Yeah. You say inflation is going to be a problem for the foreseeable time. How long do you think it's going to be a problem?

Well. Oh, before, don't mean to cut you off. Those inflation numbers on TV, that's all bullshit. Yeah. It's worse. It's a lot worse. Yeah. I mean, the houses here in Vegas, like I first came here, right?

Before I moved out here. We went to go see some homes. The homes, that house was like 4,000 square feet, open four plan, nice house. $315,000. $350,000. Whatever, right? That same house. Yeah, that same house.

$700,000. It doubled. Yeah. And when they're getting inflation numbers, they don't use certain figures. They use the figures that make, look like inflation is falling. Yeah, they don't take an account like, it's like, home. It's like, I don't understand. I mean, people on the right, we don't believe anything the government says.

I don't know what the left still. has that sentiment, but everything that the government does and touches, over time in history, they have been proven to ruin everything it touches. Yeah. Braden said this statement. He says, what was it? I don't want to George Bush it. What was that statement he said?

Go for it. Go ahead and George Bush it. No, Reagan says when the government says, I'm here to help, that means run like hell. Yeah, yeah, he says something like that. Yeah, he George Bush the hell out of it. But how long do you think inflation is going to be a problem in this country? Until they get what they want. Which is our freedoms.

Which is our freedom. See, so nobody would want this horrible mess that we just described. Right. They know that. So you take it one step further. Bank for International Settlements, which is like the Bank of All Banks, they've got these two horrible projects that they're working on that have already been implemented. Number one, Project Icebreaker and then Project Aurora.

Project Icebreaker says, we're not going to send money from bank to bank. No more bank wires unless we can test the ideology of the use of the funds. So they already have that path. The other project that they're working on, Project Aurora says what? That says we are going to have real-time transaction monitoring of every person at every bank in every country. I mean, that's like everybody. Why do they need that? Well, so they can test the ideology.

Why do they need that? Because it's programmable money, they can cut you off from buying or selling. Here's where I don't think inflation ends until they get their way, until they implement central bank digital currency everywhere. Because nobody will give up their freedoms unless there's a problem so bad. Right. Like you can't feed your kids. You can't pay your rent.

You can't pay your mortgage because things have gotten so bad. And then this is just human nature, sadly, where people will say, okay, government, please, just fix it. We'll give you whatever you want. We'll give away our freedoms. We'll give away this. We'll give away that. Case and point.

After World War I, Weimar Republic, Germany, had inflation of like a billion percent. I mean, it was insane. They had to pay people in wheelbarrows of cash twice a day because a loaf of bread would double from lunchtime to dinner time. People couldn't feed their kids. It was awful hyperinflation. But why?

See, back in World War I, Germany was like the United States of the time. They were the big kid on the block. They'd bomb the living daylights out of the rest of the world. They had a vibrant real estate, you know, arts district, everything. Then after World War I, international treaty, the Treaty of Versailles said, hey, Germany, you got to repay your war debts. They said, what? We thought we did good in this thing here. We weren't, right?

No. So they had to pay them back. They abandoned the gold standard on their currency, printed without discretion, went into a hyperinflationary scenario. and during that time, who came marching in to the dance floor, Hitler. Right. And Hitler told everybody on this campaign promise of hope and change, said, I'm going to fix this. I'm going to fix it.

And so what did people do? They said, okay, one of the worst dictators in the history of the world didn't have to hold a gun to people's head. Right. He just said, I'll fix it. See, this is what I think is happening this time, is they're going to usher in Central Bank Digital Current which is complete.

Every evangelical Catholic in the world is going to say, what? This is Revelation 1317. This is the mark of the beast, the ability to cut you off from buying or selling if your ideology doesn't match up. If that's not Revelation 13, I don't know what it is. Every libertarian on the planet is going to say, I don't want this stinking government spyware on my bank account. I'm not playing.

Right. So no matter who you are, they're not going to like it unless the crisis is so bad that now it actually makes sense. And Central Bank digital currency will not fix the inflationary problem. It's not intended to. It's intended to get... To control people.

If you want to control somebody, you control what they spend their money on. What they can buy, with whom they can buy, when they want to, and what do they want? I mean, if you can control that, you can actually kind of control a person. Right. So what we have to do is get the message out saying,

okay, this is not good. but they have so much room on this runway. They are so far down the road. Most of the nations around the world have adopted a central bank digital currency concept, and they're moving toward it, or they've already implemented it. This is why in the East Coast, like in New York, the ATM machines, like a third of them are gone. In Australia, they're limiting cash withdrawals to 500. In England, and in European Union, they've actually made it.

illegal to spend more than 5,000 euros in cash. I mean, they don't want you to spend money. They want you to actually have it be traced, have it be digital. So this is where I don't think, I know it's a long answer to your short little question, but I don't think the inflation ends until they get what they want. Yeah, and they've, that's their end game. Yeah, but the amount of money they've printed over, I would say, well, just this year alone is, I forget the number, some astronomical number.

It's like insane. Oh, it's beyond insane. How much have they printed this year? So our deficit over the last 12 months is like $2.8 trillion. That's more money that we spent than what we actually created. Right. Okay, so 1776, we became a country. Our debt on July 4th of 1776 was zero.

Okay. We didn't have enough time to spend like drunken sailors. It was still zero, right? So go to 1980. 204 years later, when Reagan became president, our national debt was just under a trillion dollars. So it took us to, so it was like 980 billion. So 1776 to 1980, 204 years, we accumulated a trillion dollars. Just last year alone, Biden increased our debt by 2.8 trillion.

So what took us 200. And 104 years to get a trillion. We're now, it's going through the roof. Yes. Some of that money was printed to stop it. They call it the inflation act. I mean, isn't that the dumbest thing you've ever heard? Only with our politicians, does it make sense to create debt to get rid of debt?

Hey, it makes a lot of sense to a Democrat. These people say men can be women and women can be men. These people don't understand implication of their actions. and they take advantage of their constituents. Inflation Reduction Act. That's the biggest oxymoron in history. I mean, it's so bad. So how do people protect themselves from this?

Like, I've seen some bank failures over the last 12 months. Do you think that problem is over? No, in fact. It was over for a bit, but it was a mask. It was a facade. So remember when Silicon Valley Bank went down? Uh-huh. Okay.

This story gets complex and it gets scary in its implication. Yeah. So Silicon Valley ran out of money. So did signature bank, Silvergate Bank, Credit Swiss, First Republic. How does a bank run out of money? You put the money in there. Hey, it's gone. That's like going to a chicken store and there's no chicken.

I don't get that. Yeah. So that's the misperception that people have about banks. You have this view in your mind of a bank. It's a big steel vault door and you open it up. stacks of hundreds. Everybody's money, though. Yeah.

The reality is they have nothing in that bank vault. You can't rob it nowadays. So I went, okay, don't shoot me. I know. But a couple years ago, I was going to take the family to Disney World for vacation. Yeah. I don't know if I want to. Total traitor.

You should be a subject to stuff. I know, I know, I know. So. You should really go take a look at the mirror. But so I wanted to go and you never know if your card's going to get tagged for fraud or whatever So I wanted to cash so I wanted to get $2,000 with the cash I go to a big bank downtown Denver So I need a couple thousand in cash at the end of the day

You know what they didn't have it It's like what you're like the biggest bank in Denver you don't have $2,000 So they said well we'll give you this like 800 bucks I said come back tomorrow morning for their other $1,200 what? Yeah they didn't have the money So banks don't have the money. So if you go back to 2009 after the big financial crisis that we had, they changed the laws. This is going to creep people out. So they changed the financial institution laws for bankruptcy because back then Bear Stearns, Lehman Brothers, they went out of business.

They were toast. So they had all this derivatives debt and all this exposure. And so they said, how are we going to actually pay for all this nonsense? Right? So they change the laws to you don't own your money in the bank anymore. Your deposits, your checking account, your savings account, you no longer own it. All you have to do is read the horrible prospectus that everyone gets, you know, the little folder. Nobody reads this. I don't read it.

Yeah. But in there, since 2009, you are now a beneficial owner of your bank account. Wait a minute. So I'm a beneficiary of my own money? Yep, exactly right. You gave over ownership to them so they can use your business. deposits as collateral to pay off derivatives debt if they're to go out of business. So now you're a beneficiary, meaning if they think that you need it or they have it,

they can give it to you. If not, you already gave up ownership. So that beneficial ownership is a fundamental change to every financial institution's bankruptcy laws. So now, because they needed to do that because how can you pledge something as collateral that you don't own? You can't. So they had to own that to use it as collateral to pay off their other debts. So now your deposits became a security instrument because what's in the bank is not the stack of hundreds flying out of the vault. It's what do banks do with their money?

This is how banks go out of business. They invest in stocks, bonds, mutual funds, companies, real estate, everything that you and I would invest in. They do the same thing. It's just at a larger scale. So if their investments are coming down, that's not good. It's less money to have. It's less money they have. But now you add to that biodynamics, and you've got people that can't afford to live.

You've had the stupid, you know, COVID stuff where a shelter in place, travel restrictions, you know, vaccines, all that. And people, the economy stunk. It's stunk. So you've got more withdrawals than you have deposits. Bad investments, more withdrawals than deposits. banks fail. It's pretty simple. So this is where we are.

Now, in COVID, in March of 2020, during the height of COVID, banks used to have a reserve requirement, meaning if you put $100 in the bank, they would keep $10 back. It was a 10% reserve requirement, and they would lend out 90. That's how bankers make money. In 2020, they put that to zero. Zero. You put it in $100, they can lend. out $100. Congress enacted this. Yeah, this is stupid. I mean, the Federal Reserve did actually,

Schedule D of the Federal Reserve. So here's where, this is why those banks failed. If you have a zero percent reserve requirement, you don't have enough money in the bank to actually fund withdrawals. That's why banks failed. So this leads us to where we are today. So there's this international organization, they came up with this Basel 3 accord. The Basel 3 Accord says, okay, we got to stop bank runs. We're going to change the reserve requirement to 20% from zero. Okay, it sounds in theory like, okay, that could stop bank runs, and if you have all this money in the bank. But let's say you're a billion dollar bank, and you're the president of a billion dollar bank,

and you have zero on hand. What's 20% of a billion? 200 million. Where are you going to come up with that 200 million to comply with this new standard? Right. You can't. So either you go out of business or you get bought out by a bigger bank. That's what's happening right now is this consolidation.

That's crazy. Banking banks sound like a Ponzi scheme. It is a Ponzi scheme. Yeah. The banks are Ponzi. What? Banks are Ponzi schemes. So is the dollar then.

Yeah, so is the dollar. Yeah. I mean... That's, that's, hold on. That's crazy as fuck. It was crazy. So it gets crazier, though. I feel like the stupid game show host from the 70s.

Like, okay, behind door number three, there's even more. Right, right. So you look at that. Now, after the banks failed, after Silicon Valley, they came up with this emergency funding program called the Bank Tem Fund, Bank Tem funding program, BTFP. So this is why they stopped the bank runs. And everyone was applauding and saying, Sweet, good job. Federal Reserve, you stopped the bank runs. But what they didn't realize, it was all just emergency funding.

Nobody know where that money came from, and nobody knows where it went. But it stopped the bank runs. Well, on March 11th, that funding program expired. What expires? That emergency funding program from the Fed to distressed banks. So it's sunset. On January 24th, they voted and said no more emergency funding. So the next bank that starts to go under, there's no more emergency funding.

This is why I think bank failures, we're going to see another massive rash of them. Now, New York Community Bank is in huge dire straits. That's how Trump screwed him. You overappreciated his assets. I'm just joking. They're going to blame him for that one. I'm sorry, go ahead. I don't think New York Community Bank is big enough for Trump's asset.

Right, exactly. Or at least not anymore. Trump is a bank. Yeah. So, so after this announcement, like banks across the board, Pac-West, New York Community Bank, Zion's Bank, America, they all lost like 70% of their value in a month.

Well, last week, last Friday, New York Community Bank lost 24% in one day. Why? You talk about that stock value? Yeah. Okay. Because they're under capitalized and people know it. So here's where, why was New York Community Bank so foul?

Why did they get hit so hard? Well, and when Silicon Valley Bank went down, signature bank was one of the banks that went under. Right. New York Community Bank bought signature bank. Okay. Who does that, anyway? So, here's, imagine you guys have your balance sheet as a family, right? Right.

And if you buy a bunch of toxic debt, what's going to happen to your balance sheet? Oh, you're going to get toxic. It becomes toxic. Yeah. Like, if you had this nice, fresh cup. of ice cold water and a cup of poison. Yeah. And you decide you're going to put a few drops of poison.

You just taint that whole fresh glass of water. Right. That's what New York Community Bank did by buying signature bank. So for any rational person to think, okay, all these other bank consolidations that we're seeing, what is this going to do to the banking world? It is going to pollute it. It is going to destroy it. And now it hasn't been an issue in the past because they had that bank temp funding program,

emergency funds to go get. They don't have that anymore. Hey, after there's any of them, going straight to the bank, taking all my money out. They're going to give you $50. That shit's already gone. They already spit the shit. I mean, they probably already did.

So you better be one of the first guys to go get it. Right. Because it might not be there. So this is the problem moving forward. We're going to have more bank failures. Now, there is a solution for everybody that's, you know, listening. It's like, oh, my word, I want to put my head in the sand.

Yeah, I'm about to go jump off a cliff. I know. There's a solution. There's an answer, right? And we'll get to it. But we have to paint a picture of what politicians have done to our economy to realize how bad it is. Because if you don't paint that picture, you're going to have a bunch of America thinking, ah, government can fix it.

Dude, the government broke it. Yeah, they caused it. Never trust somebody who says that they can fix it if they're the ones that broke it. Yeah, right. See, the problem is a lot of the voters, they don't. realize who broke it. Yeah. I know.

Yeah. That's scary, right? That is scary. But here's where it is them that broke it. Putin and Xi know this system, and they're trying now to pull all of the money away from the West, Europe and America, and become the new world's reserve currency, become the big hit on the block. And they're playing a really good game at this.

They're playing chess. They're playing chess where Biden's shown up with a checkerboard. No, he's that. He's not even showing up with that. He's showing up with Q cards and ice cream. I mean, it's so sad. They're not even playing the same game. Yeah, right.

Or are they? Whoever is pulling the strings of Biden might want this all to collapse. Right. So they can usher in a new system of complete people control through banking and finance, right? So you can look at it either way. Either way you look at it is these people are such morons and they're destroying things or they're the most I don't think they're stupid I think they're evil. There's a difference between being stupid and being evil.

And I don't think that they could accomplish what they've accomplished in this country and around the world with with vaccines and everything else by being stupid. Right. Right. Right. So now we've got this power struggle where freedom loving. people want their freedoms back. Some of them just don't know it yet. They just don't know what's what everything has been taken from them. But they've got a bigger plan. The United Nations has a diabolical plan to use your word. It's it's that's what started the whole issue in

Ukraine. Yeah. Yeah. I mean their plan is is they have unlimited power to actually control people's bank accounts under certain conditions. And that is a global health event, a new pandemic like disease X or whatever you want to call the next hemorrhic fever, whatever it's going to come. So in Denver where I live, Denver Health, biggest hospital in downtown Denver, all their employees got the Ebola vaccine. Bola. Why the hell would you get that? It's like since when has Ebola been a thing in America? Right.

Right. And the lab that's producing this Ebola. vaccine is in Colorado Springs. It's like, crap, we've got like Wuhan 60 miles away from Denver, right? Right. And they're injecting people with live Ebola vaccine. Okay.

Pandemic, health pandemic, or, in their own words, a global financial crisis or a black swan event of some sort. Or and so it just gets weird

or Like an intergalactic space event. Yeah, that's what I was thinking. The aliens, because the aliens are coming next. I mean, I know. Yeah. They're probably already here. Yeah.

Yeah, I think binds went up. Or the lizard people living under San Francisco. Right. You know, I don't know. But so under that, they get power indefinitely. Right. Indefinitely until they determine that it's no longer a crisis. Right.

So here's the world that they're painting. who are they, the World Economic Forum, the Bank for International Settlements, the Federal Reserve, the Bilderbergers, all these globalist institutions, and this is what Trump is fighting against, right, is nationalism versus globalism. Nationalism is not a bad word. Every president in the world should be a nationalist for their own country. Yeah, but then they throw white in front of it, and then it makes it bad. Then it makes it bad.

Make white synonymous with bad. Yeah. But they conflate white nationalists with nationalists. They're two totally different things. All that a nationalist is is a president that puts the needs of his country or her country before the needs of the rest of the world. But the ignorant voters on the left, they hear nationalists and they think they're absolutely worse. Yeah. Because it's so damn ignorant.

Yeah. I mean, it's just really bad. So what does Trump want? He wants to make America great again. He wants to bring manufacturing back to America. He wants to make Americans more prosperous. He wants moms and dads to be able to feed their kids, and he wants people to have Second Amendment rights. He wants people to have freedom to speak.

But yet the globalists don't want that, and they're trying to take it away. I know so many people in our space who have been de-platformed, been debanked because of things that they say, that they don't let them make a living. Right. I mean, so this is the world that we're heading into, and with digital currency, it makes it worse because it actually. actually gives them teeth. PayPal had some kind of policy that backfired on them. I can't remember

the details of it. You remember that? PayPal debacle, where they say they're going to do an update to their agreement, and it was something along the lines that you explained to us today, and everybody started selling their stock, closing their accounts, and they said, oh, that was a mistake, we're sorry.

It was something along the lines that you were saying. It is. It was cutting people off because of their ideology, basically debanking them. Well, weren't sorry. They got caught. Right. It's a difference. Yeah.

And I don't even think they made that public that changed. Someone noticed it and then it went viral. Yeah. Yeah. Yeah. So you've got this that's going on. Now, the banking crisis that we're talking about, it's really close, guys. So when you start to look at delinquencies and defaults, what's a delinquency?

It's just late payments. Right. So big banks have 3% delinquency rate in Sancoa. That seems like a small number. That's the largest that that number has been in 11 years. As small banks, banks with a billion dollars or less at 7.8%. That's the most in the history of banking. Yeah, they're supposed to be perfect when it comes to that

because there's an average of large numbers. They're supposed to have their best statisticians. They're doing a horrible job over there at 3%. Yeah, I mean, and 7.8% on smaller banks. So when you look at that, it's like, okay, what comes after delinquencies, which is a series of late payments, default. Right. When people default, they're going bankrupt.

And so this is what banks have to look forward to. This is why I think this is coming. So what's a solution, right? So, you know, we've talked a lot about the mayhem and the chaos and the ugliness. This is the political and economic and spiritual blending of the country that we're living in, right? You're going to have consequences to them. You have good consequences to good actions, bad consequences to bad actions. We've got decades of mismanagement and bad actions.

You know, Trump turned that around, but he wasn't in long enough to have it to see it fulfill. Right. So here's where what, if I were to tell everybody listening, what can you do? Number one, don't have too much money in the bank. You never know when yours is the next one that's going to hit the skids. Right. You only cover it if your money is FDIC insured, right? Most banks only cover you up to what?

250,000, but even that's... A slippery slope. Well, it's a slippery slope because if one bank goes under, there's going to be enough an FDIC to cover that. FDIC has less than 2% of all deposits covered. They're underfunded. They're underfunded. So what if it's a large number of banks that start to go under?

They don't have enough money. So don't have too much money in the bank. Now, under the central bank digital currency, this unified ledger that worth everything, that you own that has a title, house, cash, your bank accounts, your brokerage accounts, all gets put into one package. With programmable money, they can change ownership of all of your assets with the flip of a switch.

So how do you get rid of that? You get out of the system. So this is where tangible assets like gold and silver really come into play. Right. Because you're not digital, you're not a digital slave in their digital world. you are not some piece of paper that's easily manipulated and can just go away overnight. Even cryptocurrency, right? We've seen what happened with FTX.

It went away overnight. So even cryptocurrency, it's through the moon right now. It's too risky for me because it's not real. Some of these things have value because people say that it has value. I want something that has value because it has an intrinsic value. It is something you can't manipulate it. So gold and silver, it's a real thing. When I'm talking about gold and silver guys,

I'm not talking about paper. I'm not talking about a mutual fund, an ETF, a mining share. Okay. I'm talking about physical. 100 ounce bars of silver, 10 ounce bars of silver, one ounce silver rounds, or on gold, like a one ounce gold bar, a kilo bar. That's it.

I mean, in every podcast everywhere, every TV show, if you watch Fox, you're seeing a gold or silver commercial nonstop. Right. all gold and silver created equal, right? You've got old collectible junk. I've been doing this for 29 years. People who invest in that collectible garbage have never recovered from it. There's a difference between a collector and an investor. You want to do low-cost bullion, which are those five things that I mentioned, just bars or generic bullion run, because one of the keys to wealth, minimize your cost, maximize your return. And then second key to wealth, be in the right place at the right

time. This is what we help people do. Be in the right place at the right time. With the policies that we're seeing coming out of Washington, hey, I'm a firm believer there's no such thing as a bad investment. There's just bad timing. Like during the Trump years, if somebody was saying, hey, what's the safest asset in the world? Well, probably the stock market. Because the policies that caused that growth were there. Now the policies we have are shrinkage policies. Nobody likes shrinkage. Right. Right? I mean, it's like, but that's what we've got.

economic collapse. So get out of that system. I was just doing some research this morning. Over the last month, silver's up 10%. Over the last year, silver's up over 22%. Right. You look at where silver was three and a half years ago in March of 2020 at the height of COVID. It was $11.91 an ounce. Today, it's over 24. Right. I mean, that's more than doubling. Right. I mean, that's a really great return. But that's not the only reason why somebody would want to invest in gold or silver. because it's one of the few things left on earth that can maintain your financial privacy and freedom. Because you're getting out of that system that they can shut you off with the flip of a switch if they don't like you. Right.

If they don't like your religious ideology, they don't like your gender. They don't like your skin color. They don't like your political party. They don't like your anything. Right. They can track gold, but they can track your money. Yes. For our listeners and I watch us, how best can they get in touch with you?

And this is something you've been doing for decades. Yeah, for decades. So you can either just give us a call. 720605-3900. Yeah, and just say Kevin and Keith sent you. Or you go to the landing page, hodge twinsgold.com. I like that. Hodge twinsgold.com.

It's got a nice ring. That's not our gold. No. Yeah, but so we put that up so we can, because I want, when we're talking to people, I want to know who they are because of what we talked about on the show. It helps us listen to them because when they call in, this is how the process would work and say, I heard you, Dr. Kirk, I heard you and Kevin Keith talk and it's like, I really need to protect my assets. So we'll listen to you, we'll hear your dreams or hear your goals, we'll hear your fears, and then one of my consultants will map out a strategy for success to get you away from the. path of the hurricane. Right. And you're a great person to listen to because not only do you, you specialize in gold, but you know how the economy works. You know how money works. A lot of people

out there selling gold and pushing cryptocurrencies and they don't really understand the economy or any of these things because you've got to have a global outlook on things when you find these things. And you got to buy it from the right dealer because, like you said, not all dealers are the same. Well, most dealers will charge a commission when you're coming in, commission when you're going out and they figure about you in between. Oh, okay. A commission when you leave is a huge deal. Because let's say you're in silver and a or triples or quadruples. And you have a like a realtor, right?

I mean, you're just talking about the house that you bought. If you were to sell that and it went from 350 to 700,000, and you have a 6% commission when you liquidate. Oh, wow. 6% of 700,000. It's like, okay, that's big. That's like a tax. It's more than what it was when you purchased the house, right?

Same thing with gold or silver. So we charge zero when a client liquidates. Whatever the price of gold is on that, you get all of it. You get all of it. We don't take any of it. Oh, okay. When you purchase, it's 8%. That's it.

So that way, I like to keep things simple. That's not bad because when you buy it's 8%, but how much you say gold and silver went up over the last three years? Well, silver went up 10% last month. Right, right. More than pays for itself. Yeah. So, I mean, obviously the growth is not a guarantee,

but we're in this time in history where everything's accelerating. The loss of our freedoms is accelerating. the price of gold and silver growth is accelerating. Political chaos and mayhem and inflation are accelerating. Yeah, right. You know, it's just like, it's like this bizarre world where everything that's good is considered evil and everything that's evil is considered good. And, you know, we can't change some of that.

But once we identify it, we can act accordingly. And that's where we need to be wise stewards with everything that we have and have the courage and the faith to just do the right thing. Yeah, it was craziest also. If you just have your money in the bank, you're losing 10% of the value of your money every year. Yeah. That's what I think you lose. Always last three is I think it's been more.

I think it's actually more. I can't remember the exact number. You probably know. Yeah, it's about 15%. I mean, you talked about it earlier when you talked about inflation isn't the real number. Right. It's not. I mean, this is what I did one of my dissertations on is that exact thing.

Right. So for everyone listening, in 1996, Clinton changed the way that we measured inflation. Another damn Democrat. Another Democrat, right? And you know, party for the people, right? So they wanted to stick it to the people, right? So in 1983, when Reagan became president, inflation was 14.3%. How did they slow that down?

They had to jack up interest rates to 18. Right. So any of you, you know, if you bought a house in 1983 and a lot of your listeners, like, yeah, I did. It was 18%. It's like, yeah. Imagine a mortgage of 18%. That's nuts. It's nuts.

But that's what they had to do to slow down inflation. And then that worked. And then they got down to economic growth that Reagan caused lasted for decades. So what did Clinton do to change it? Because they realized too many government entitlement programs are based on the cost of living increases. I said, hey, Congress, let's figure out a way where we can actually understate. of inflation. It's called the Boskin Commission. They went and figured it out. So they put it

easily. Let's just say inflation is the consumer price index. It's a basket of 30 goods. Right. So let's say one of those was steak, like a filet mignon. And the price of steak went up 30%. And I said, well, we can't have this. That's way too much. So let's replace it with hamburger. And hamburgers 40% less than steak. Now realize, steak went up. 30%. So what did they say the price of steak did? They said it went down 40% because they substitute it with hamburger. And that bill allowed them to substitute for something that was similar. Yes. And that's not the only thing. They also put in that stupid bill. Let's say you have gas at the pumps that they put ethanol in or whatever. And it's 10% cleaner gas. Well, the price of gas maybe doubled,

went from $2 a gallon to $4 a gallon. They said, this new additive that we put in actually increases the cleanliness of gas by 10%. We'll just say that gas came down 10%. It's like, what? So that's a perceived value. So they put all these weird adjustments in there. And it's like meaningless, it's a meaningless number. So what I figured out in my dissertation, other economists have done the same,

is you take the official inflation rate, which is like 3.7%, multiply it by 2.8. that gets so we're closer to like 12% right right now after all those interest rate hikes yeah so if interest rates are going to slow down inflation they have to be north of like 13% right that's why i think we're headed to 15 to 18% the people at the fed know this which is why jerome powell and janet y ellen are saying oh we're going to pause interest rates right now but but they had to jack them up to try to slow down inflation right but they realize america's indebted up to its eyeballs, if we keep raising interest rates, we're going to pinch everybody and cause the biggest depression this country has ever seen. But if you don't do anything with inflation,

you have inflation that goes through the roof like Venezuela, Argentina, Zimbabwe style. It's like they don't want that either. So they're in this horrible pickle. So when Jerome Powell says we've tackled inflation, we're so good at it, actually, that we're just going to pause interest rate heights. Offlanded. They're not, they can't, well, they can pause them, but they're ultimately going to have to go up because they have to go up until interest rates are greater than the unofficial inflation rate right which is in the low teams right now it looks so that's where i think the economy is headed for disaster higher interest rates are going to affect what everything right your credit card payments your your ability to buy a house right because that's

right your ability to buy a car because most people don't pay cash for these things. Yeah. I mean, if you pay cash for them, it doesn't affect you at all. Right. In fact, it'll probably help you because prices have to come down a little bit to impact the higher rates. Like, as interest rates grow up, the value of housing is going to come down.

Housing is going to get trashed. Yeah, like the inflation was so bad. One port minimum of use cars was going up. They were. I mean, it was going up. Like, like, Bitcoin is more than it's going to the food. It's like use cars supposed to. Faulted value.

Yeah. You know? Same thing with eggs. Eggs is appreciating like it was crazy. Like $6 for a carton of it. Yeah. So you think they're going to raise interest rates more? Yes.

Now, election year, they probably want to save face. So they might have one interest rate reduction so they can say that they did it because they promised. But then after that, it has to go up. It has to. It's just math. Right. Because what's worse to them?

if they raise rates so much that people can't afford to live or they don't raise rates and inflation goes up that people can't afford to live. Right. I mean, they let it go so far that this is where we're at. Right. And there isn't a good outcome except I don't think they necessarily want a good outcome so they can usher in what comes next, like what we talked about earlier. Right. Right. to occur in.

Right. Man. There is a perfect opportunity to start investing hard assets like gold, silver. How about other metals like pladium?

I wouldn't. The thing with platinum, I mean, people could. The thing with platinum and platoom, they're very thinly traded, and they're pretty much

controlled by Russia. So because of that and the war with Ukraine, and there's a limit on their exports, the premiums on those have gone through the roof. If that conflict ever ends,

who knows if it will. But if it ever ends, those premiums come crashing down to Earth because now the export controls get taken off of them. It's just too risky for me. Okay. It's just too risky. So gold and silver. That's your meat and potatoes of

the metals investing world. And between gold and silver, I would do silver. The silver is undervalued. It's outperforming. It's doing better. If they're both equally as safe, you're simply going to one that's going to be better. Yeah, silver has more utility than gold actually. Right. Like gold is worth how much now I forget?

Like 2,100 an ounce. Yeah. 2100 and silver is at 24 and a half. That's supposed to at least be around 50 to 60 or 70, right? Well, it should be 20 to 1. Right. The ratio, 20 to 1. So if you took, let's just call silver 25 bucks,

times 20, that would put gold at $500. It's like gold's way more than that. The ratio today is 90 to 1. So that tells me if the ratio is at an all-time high, I'm going into silver. It doesn't necessarily mean gold is bad. Right. It just means silver is going to do a lot better.

Okay. So if somebody wants to invest in presses metals, the majority should be silver and gold. I'm 100% into silver. Okay. Now, if the ratio were at 20, I would be 100% into gold. Right. I'm kind of agnostic on which one. I don't care.

I just want to be in the right place at the right time, the one that's going to do best. Right. But if they're both equally as safe, which they are. Right. Right. Do you see the dollar crashing anytime soon? And if it does, what does that do to the price of gold and silver? Oh, gold and silver will go through the moon. Because if the dollar crashes, it takes way more of that dollar to buy anything that's real.

Right. Whether it's a bicycle, gold, silver, groceries, anything. See, a dollar crashing means is equivalent to inflation. Right. And I do see that because we're printing money like there's no tomorrow. and the acceleration of the printing has got to go up because of the BRICS nations, taking away demand for the dollar. We don't have enough tax revenue to fund anything.

Therefore, we're going to have to print our way out of all of this. Because you start taking entitlements away from people during an election year, they're simply not going to vote for you. Right. So they're going to have to print their way out of it. Yeah. It really hurts the people on the left. It does.

It hurts. It actually hurts everybody. Yeah. In the long run, yeah. Yeah. Yeah. Yeah. So again, where can everybody go to try to get out of this?

Hodge twinsgold.com. Yep. Hodge twinsgold.com or simply call us 720605 3,900. Oh, cool. Thank you for coming. It's my pleasure. I'm so glad to be here. Yeah.

Yeah. I mean, I think I'm going to go jump off a fucking clear. This sucks. No, seriously. You gave them the tools to help themselves. Yeah. It's got to be more optimistic and not so. That's a mistake like me.

Yeah. Well, I mean, this is how I have a smile on my face because there was a solution. Yeah. If there wasn't a solution, I'd want to jump off a cliff with you. We'd jump together. We'll jump together. There's no gold and silver. We can hold hands and jump off a cliff.

That's right. Like a couple of Democrats. But, see, I would have a frown on my face and I would throw in the towel. Right. And I'd put my head in the sand like an ostrich in a wood storm saying, hopefully this just goes away. Right. But that's how people act when they lose hope. Yeah.

We do have hope. There is a solution. And that's why we can have a smile on our face. Hope is gold and silver. In the financial world, it is. Yeah. Thanks. Thank you.

Thank you. You bet. You bet.