➡ Dr. Kirk Elliott and his team are helping many people amidst the current political and economic turmoil. There’s a lot happening, including election issues, potential nuclear war threats from China, missile attacks in Lebanon, failing banks, and people selling US Treasuries. Despite these challenges, silver prices have increased significantly. The discussion also touched on the upcoming election, the state of the banking system, and the importance of ensuring your bank is solid, as evidenced by Warren Buffett selling a significant amount of his Bank of America shares.
➡ Major investors like Ray Dalio and Warren Buffet are selling their shares in banks, indicating potential financial instability. Stanley Druckenmiller, a billionaire investor, is betting against U.S. treasuries, which could lead to a significant increase in interest rates. This could result in a debt crisis, affecting not just the U.S., but also other countries. Meanwhile, the BRICS nations are discussing a currency backed by gold, which could shift global economic power and potentially lead to the devaluation of the U.S. dollar.
➡ The article discusses the financial challenges faced by the US and other countries, including increasing national debt and state debt. It highlights the potential for BRICS (Brazil, Russia, India, China, South Africa) to dominate the global economy. The article also mentions the rise in the value of silver and suggests investing in precious metals as a strategy to protect against these financial issues.

Folks, great to have Dr. Kirk Elliott with us back again and we know .com forward slash gold. If you clue go below this video, click on that link. You’ll go right to Dr. Kirk Elliott and his team and you’ll be able to fill out some information and you’ll be linked with them. You’ll be able to have the same conversation that I’m having now with their team and they’ll help you along the way. It’s so good to have you back. How are things going there? I’m busy. It is so busy. We’re blessed. We’re helping a lot of people.

But ever since over the weekend, the phone hasn’t stopped and you’ve got all this stuff happening, right? You’ve got the election madness and states are cheating it looks like and there’s China, the Chinese premier saying that prepare for nuclear war and then you’ve got Israel that threw more missiles on southern Lebanon and you’ve had banks failing and you’ve got people in the know dumping US Treasuries like it’s yesterday’s trash. I mean literally there’s so much happening and in the meantime people who are listeners of ours for a long time have seen silver move up like 9% since Friday.

I mean literally it’s amazing. It’s amazing what’s happening and so it’s exciting times, exciting times to be alive and we just have to ask ourselves well God with the foundations around us they’re just like falling apart. Why did you create me and knit me together and my mother’s womb when you did? Well kind of like you know for such a time as this we are here, right? We’re here to reach out to our neighbors to bring people to eternity with us and during these dark times I think that our exposure, our reach, it’s going to be so much.

It’s going to be intensified because people will be looking for help and that’s an amazing thing to be called and gifted. Yeah sure is this past week I mean we’ve gone through a lot that have been sharing. The big one is the difference between you know as we lead up to the election especially between those who understand this is a spiritual battle. I mean we just had the yelling out that Jesus says Lord well you’re at the wrong rally and so we find out that you know a couple of days later she’s carted into a huge building.

They claim to be a church and they have her up there talking about the Bible as if she knows what she’s doing and then she goes out and starts calling President Trump Hitler and that he’s going to take out use his whole military as his own militia as if she’s very desperate because it looks like things are falling apart for them and they realize their numbers are just are falling you know fallen miserably low and it makes me wonder as much cheating as they’re going to do I mean with no IDs and using 20 million people to vote for them that are illegals but they find it out that maybe it’s not working because this early voting is starting to prove that I bet you 90-95% of the people are voting for President Trump they’re real citizens of America.

I think that’s what’s going on. I think what’s going on too and I just saw a poll when was it I think it was on Wednesday you know Trump was leading 65 to 35 that’s not a small margin right and states that you wouldn’t think he would be leading in you know according to like last time Michigan, Wisconsin, Georgia, Pennsylvania. I mean it could absolutely be a landslide. Yeah and so the interesting thing is what you brought up about China and you know nuclear war and all this stuff well the thing that I look at is if you’re going to go out to the the White House and do a press briefing and attack President Trump where’s your priorities? Your priorities should be on taking care of America with the supposed President Biden.

How come Biden our president is not out there giving these these announcements to the people that you know that hey we need to talk about our our infrastructure and everything that’s going on with our military and we’re going to be taking care of our nation don’t worry we’re going to head up to North Carolina and Tennessee we’re going to make sure that all of that’s taken care of for our own people oh no let’s attack President Trump and let’s send money around the world to all these other countries because that’s what we do and we we’re we’re just not going to talk about that we’re just going to continue to attack and call President Trump’s an evil person so that it stirs up violence against him once again and it’s getting old it’s getting real old then and you brought up a really good point it’s like where is our leadership one of the biggest arch enemies of America China he their premiere is saying get ready for nuclear war it’s like what why doesn’t anybody respond to that those are fighting words there and and it’s like somebody said hey do you want to come over for toast I mean what in the world nobody is saying anything yeah yeah it’s really sad and it makes it this election even more important than ever I mean regardless of the turnout um I believe President Trump will get in but if not um I always say the lords will be done yeah and that means he’s still bringing our country to its knees I mean we’ve got huge problems with immorality throughout our country and how is God going to bring us to our knees where we finally cry out to him and say we’ve had enough have mercy on us and remove the sickness that’s it just throughout our entire country it wasn’t founded on that on those principles and my hope and prayers that’s what’s going on it’s heavenly father’s waking us up and part of that is of course what’s going on with the banking system we have this one today failed bank information for the first national bank of Lindsay looks like Oklahoma um on Friday October 18 2024 the first national bank of Lindsay was closed by the office of the comptroller of the currency what in the world’s going on so we’ve been talking about upcoming bank failures for a long time I mean really since silicon valley bank went down in March of 2023 you and I have said you know what there’s going to be more coming because they didn’t actually fix a broken system they put a band-aid on it with with stimulus money going into the banks that sunset in in like January or maybe March of this year that sunset it’s done no more emergency funding to banks and at a time when FDIC only has 1.17 percent of all deposits covered it’s like what well so what what about when the next bank fails and why would a bank fail well simply because they have more withdrawals coming out than they have deposits going in their commercial real estate portfolios are tanking right all their other investments but but people really it just boils down to cash flow if they have more withdrawals coming out than deposits going in they will ultimately fail and their malinvestment that’s just the icing on the cake that accelerates everything well I remember when silicon valley bank went down and Janet Yellen you know promised that everyone was going to get help and and they did silicon valley bank even the people who were over the FDIC insured limit got their money you know and and it was either a senator or a congressman from Oklahoma that said well hey what about our people you know he wasn’t referring to this bank he had no idea this was like a year ago what about our people are these small banks if other banks fail are we going to get everything too and Janet Yellen said basically my paraphrase well of course you will well turns out not so much right because FDIC is so underfunded that this bank of Lindsay what did they get only 50% right so anything over and above this threshold they only got 50% of it so they’re not the government as usual is not fulfilling its promises to help those but but they don’t actually have to right the the FDIC is a $250,000 limit they made an exclusion for that during silicon valley bank to avoid a run on the banks well then what happened they ran out of money you know FDIC doesn’t have enough money to cover bank so so they were never intended to bail everybody out which this is an important thing is when you and I and everybody watching this show has money in the banks we better know if our bank is solid right because it might not be there right and so so who doesn’t think that their bank is solid Warren Buffett doesn’t think so right it’s like he’s he’s dumping so much of bank of America shares that that now all of his trading of bank of America shares and selling it is can be done in secret because he no longer owns more than 10% of the total value when you’re more than a 10% owner you have to report all the stuff publicly when you’re under 10% you don’t have to say anything it’s like you’re insignificant well it’s not that he’s insignificant but he’s under that 10 threshold so he could dump all a bank of America all of it nobody would know and so so they also sold so much more I mean they sold their their banks in Citibank they sold their their shares in in JP Morgan Chase 100% they sold 100% of their commercial banks that they owned Ray Dalio who’s who’s the the hedge fund manager you know the founder of Bridgewater a massive one of the world’s largest hedge funds he’s sold banks I mean he sold 100% of all his banking shares too it’s like why are these guys selling their banking shares yeah because they know what’s coming and then now you see this this was a small bank this was dinky but I think I think that you might see a very large bank like Bank of America that turns out to be the sacrificial lamb right they say we’re gonna let this one fail and I don’t know if it’s gonna be them but I look at their balance sheet Buffett’s dumping them he doesn’t like what he sees they’ve got 30 trillion dollars of derivatives debt exposure they’ve got commercial real estate exposure coming out of the zoo right they just they’re they’re not healthy but I’m not picking on them most banks are very much unhealthy because of the commercial real estate losses and that is going to accelerate and especially um if if for whatever reason Kamala gets into the White House um I mean I would say America as we know it is cooked right it doesn’t mean that we’re done but America as we know it is cooked God’s people are still going to be here we’re still called to be light but the economy is is going to falter it’s just gonna it’s gonna be dead right you’re gonna have massive amounts of inflation are religious freedoms personal freedoms economic freedom social freedoms are all gonna kind of erode she’s already promised that that we we’ve got to hold people accountable for the things that they say on the airwaves right so she’s going to be policing free speech yep that’s right this is this is the big brother world we’re entering into if she gets in so we just have to pray right that she does not because America is not done yet America’s got a lot of good things but but you know what LT um sometimes we get what we ask for and as as a nation we we kicked God out of the public square yeah we did we kicked him out of politics we’ve actually many pastors have kicked God out of the church for crying out loud and and when you see that of course we’re gonna get what we get because God’s a gentleman and he gives us what we ask for sometimes even if it’s not what we really want he’ll give us what we ask for because he’s he’s a gentleman and this is not what America needs or wants but yet our actions have I think caused where we’re headed in this nation yeah yeah another part that you brought up um earlier to me was this drunken miller uh says that uh he’s shorting the u.s treasuries with the record setting 20 of his portfolio he knows what’s about to happen interest rates could double from here so what’s going on with this okay so to me this is like the scariest news story of the year and who’s stanley drunken miller yeah well he’s a billionaire investor head head of a big huge massive uh basically wealth fund um a hedge fund and he’s he’s been kind of outspoken in the past he’s just he’s on he’s been on tv a ton in the past and he’s kind of like this go-to guy so what’s going to happen right so but he’s a billionaire investor he’s done very well for himself and for all of the people in his company but this guy he’s he’s a globalist he’s a george sauros protege right so that means he’s part of the world economic forum he’s in there he’s he’s learning you know what’s going to happen from from the people that are causing some of these actions right well what did he do he he’s shorting the u.s treasuries upwards of 20 percent of the entire firm’s portfolio i mean this is like the largest short of u.s treasury like in the history of america i mean it’s a lot so what does that mean to me this is so scary because interest rates when when this happens with all those shorts if he’s right interest rates could double from where they are today double so we just surpassed a trillion dollars in interest-only payments on our federal debt well if interest rates double from where they are so are the interest payments i mean we could be pushing two trillion dollars in interest-only payments well we can’t even afford a trillion i mean we bring in roughly four point eight trillion dollars a year in federal tax revenue so if if we’re doing two trillion i mean that’s that’s like 40 percent literally 40 percent of everything that we bring in in a given year is going towards interest payments i mean this is this to me is why it’s the scariest thing but but this bond crisis that we are about to see that stanley drunken miller is saying that we are going to get this is why he’s dumping u.s treasuries it’s not just a u.s thing i was looking at a chart earlier the week of the global bond market and you know what’s absolutely tanking japanese bonds european bonds german bond australian bonds chinese bonds u.s treasuries 10-year 30-year bonds in the u.s i mean pretty much every country around the world the bond market’s tanking and that’s evidence that we have a debt crisis it’s like the the death spiral of interest rates and inflation mixing all together and the bond market’s going to get crucified and so as you look at this i think things like warren buffett dumping his stocks ray daleo dumping his his banking stocks stanley drunken miller shorting u.s treasuries right it’s like oh my goodness oh my goodness what is coming in the banking world well what’s coming is is kind of the end game you know that god warned us about you said you know a borrower is a slave to the lender slave means that you do you can’t you are not um your own master of your own domain right so somebody else is going to own you that’s what a slave means the bible says you know borrowers a slave to the lender means other countries are going to dictate what we do in this country when we run out of money and the reserve currency status moved to china and the brex nations started meeting lt on the 22nd yep through the 24th of october you know just earlier this week right what did they say i mean this is this is a pivotal moment because what they said was they they’re going to be talking about their unit of of currency the bricks unit and what’s it what’s the big deal about their bricks unit their common currency well it’s going to be 40 backed by gold it’s like what 40 backed by gold an entire currency system is going to be backed by gold followed that up with what putin said last week when we were talking it’s going to add silver to the strategic reserves of of the ruble right they’re gonna back the ruble not just with gold but with silver like oh my word i get it i get what putin’s trying to do he can destroy america financially by causing a big bank to fail this is why i think bank of america is in such trouble they have massive amounts of of silver shorts every time the price of silver goes up they lose money hand over fist by the hundreds of millions of dollars when every time it goes up a dollar they’re losing hundreds of millions of dollars it’s like wow so if you’ve got a silver backing the russian ruble a country’s money that’s going to cause the supply to go down prices to go up anybody who owns shorts will ultimately go out of business right they can’t sustain it so i think this is what’s happening but what else happened at the bricks meeting putin was spouting off again like he did last year in durbin south africa at the bricks meeting that um they’re going to de-dollarize the world and they’re going to accelerate it so how are you going to do that will you add more countries into the trading block so now they’re just trading in their own currencies with each other rather than the u.s dollar right so bricks officially on the 23rd of october added 13 new nations into their alliance as partner countries not full members but alliance partner countries those are algeria belarus belivia cuba indonesia kazakhstan malaysia nageria thailand turkey the biggest one of them all um uganda was back to stand in vietnam well why is turkey so big because it’s a nato country you can’t be part of bricks that has russian china and nato and the same person right it’s like you gotta pick one so if turkey leaves nato the the nato the western countries nato they lose their biggest ally in the middle east the largest country that’s already you know a tinderbox waiting to blow up so this is big stuff right and so the bricks are poised and positioning themselves to take over the world financially and i hate to say it i don’t want to say it i’m an american i want the dollar to be strong but we’ve we’ve now got somebody who’s usurped our power and they’re going to continue to add to their strength yeah yeah it’s amazing um we just saw this um here recently too the u.s national debt is increased by 473 billion dollars over the last three weeks it now stands at 35.8 trillion dollars and elon must post this one to say that uh this is a crisis he’s letting everybody know well add those numbers you know that’s 473 billion in three weeks so that’s well over 500 billion for a month 500 times 12 months is six trillion dollars in new debt so we think it’s bad that we have 35 trillion dollars of the debt at this rate we’ll have 41 trillion of debt by the end of the year with rising interest rates the interest payments on that amount of debt is truly um unsustainable and it will kill productivity in america when most of our income over time is going to be used to service the debt right right yeah more debt there too waste of the day states are 811 billion dollars in debt this came out from zero hedge there that’s uh it’s another big number i mean it’s not just there’s not just the waste that we’re seeing in one direction with the elon musk pointing this out for the us national debt i mean we’ve got the states too so that’s even that’s even possibly worse than the 35 trillion dollars increasing by on rate to another six trillion dollars this year for the federal why is why is this 800 or whatever that number is i can’t see it sorry 111 billion 811 billion so at 811 billion with the nature of state’s debt what is it they just create it to do whatever they’re going to do roads infrastructure pay employees whatever but you know what they don’t have a printing press they don’t have a way out of it other than raising taxes putting new tolls on toll roads you know you know all kinds of fees and special assessments property taxes everything else this is how states actually raise money is through tax revenue and tolls and special assessments well they don’t have a printing press so that amount of almost a trillion dollars is almost in on it’s not just unsustainable it’s almost insurmountable i don’t know if they’re going to be able to pay this back my goodness states may default which will in fact municipal bond markets and everything else so we’ve got a massive debt spiral in front of us that’s going to be very difficult to unwind from yeah and so you guys um there you’ve been helping out many folks with silver right i mean when they give you a call that’s the that’s the basic precious precious metal that you’re holding on to i mean we had a nine percent increase you just told us yeah the last week and so um what’s going on there and how do folks uh you know get taken care of from your company so i would choose silver rather than gold simply because silver is outperforming you know from friday when when silver went from you know basically upper 32s to 3509 by wednesday i mean this i mean by tuesday it was by tuesday so i mean that’s like nine percent gold is up a couple of percent we’re only talking about a few days are either one of those bad returns nope are both of them fantastic yep because we’re talking about even on gold the lower of the growth rates is still two percent in three days i mean that’s massive amounts of growth right but silver just out of control doing amazing things because of supply and demand so i would i would encourage everybody you you want to get your money out of the banks you want to do what warren buffett ray daleo stanley drunken miller doing billionaire billionaire billionaire um they’re getting out of the financial services world because i don’t think that they think that things are going to work well for the banking industry right so so what do you call us 720-605-3900 and say lt sent you or you go to the link that you have and we know.com forward slash gold and you just fill out your information your name your phone number your email how do you want to be contacted when and we’ll call you set up an appointment with one of our consultants and map out a strategy for success moving forward using precious metals to hedge yourself against everything that we talked about on this show and it’s as simple as that and once you say yeah kirk let’s do it let’s get my assets protected right let’s get them reallocated um my team will do the rest will help you with the asset transfer we’ll do we’ll do all of that to make the transition easy and the burden light amen yeah it’s so wonderful you guys have been around during this time i mean we we got together at the perfect time last year march and it’s just it’s been phenomenal to see the growth since then many people are waking up they’re learning so much from you dr kirk kelly and we just really appreciate you guys and i want to thank you for these updates it’s my pleasure i love doing them yeah we’ll talk to you again next week all right bye bye
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