➡ Dr. Kirk Elliott discusses the potential impact of Trump’s economic plans, including tariffs and tax cuts. He suggests that these policies could lead to a good kind of inflation, where wages keep up with rising prices, similar to the economic growth seen during the Reagan years. However, he acknowledges that implementing these policies may not be easy due to opposition from some political groups. Elliott also emphasizes the importance of tariffs in making other countries contribute to U.S. expenses, a concept he believes aligns with the vision of the Founding Fathers.
➡ The text discusses the potential benefits of tariffs, arguing that they could encourage Americans to buy domestically made goods, thus boosting the economy. However, it also acknowledges the potential backlash from foreign countries and the need for strong leadership to navigate these challenges. The text also suggests that the Office of Management and Budget Director and the head of the Treasury Department will play crucial roles in implementing these changes. It concludes by noting that while the U.S. economy may improve, global economic and political instability could still impact commodities like gold and silver.
➡ The text discusses the potential economic impact of Trump’s presidency, particularly on the demand for silver. It suggests that Trump’s policies could boost the economy, increasing industrial demand for silver, which makes up 90% of its usage. The text also emphasizes the importance of faith, prayer, and thankfulness, suggesting that Trump’s election was an answer to prayer and a sign of renewed hope. It concludes with a prayer for continued protection and joy for those working to help others navigate economic uncertainty.

Folks, it’s great to have Dr. Kirk Elliott with us back again. Just amazing, all the updates that were provided every single week, it’s been spot on and we’ve just enjoyed it. You can go to and we know.com forward/gold in the description box below. Click on that link and you’ll be able to have the same conversation I’m having with Dr. Kirk Elliott or someone on his team. And your life will change drastically with Precious Metals. I’m telling you, it’s wonderful. So good to have you back. What an amazing week. The picks keep coming in for NFL draft picks.

Better than, bigger than the super bowl is what we’ve. And it’s been phenomenal. Some of them we’ve been questioning. But again, Trump’s been through this before, and he plays 5D chess really well. He does play 5D chess really well. And you know what? Kind of like, what? You know, the Bible tells us, you know, now we see in part, but in the future we will see fully, right? And it’s like, it’s kind of how I feel about these picks. Some of them don’t make sense to me. But Trump knows what he’s doing, right? He’s been through this before.

When he made bad picks in the past, like Pence, for example, he learned from that, right? He was. He was a political novice going into D.C. thinking he was going to drain the swamp, and he didn’t realize that the swamp was like multiple oceans in size. So, you know, when he makes picks, it’s like, so I’m thinking of, like, Matt Gates, for example. It’s like, wow, I love what the guy says, right? But it’s like he’s got maybe some at least perceived skeletons in the closet, right? It’s like, what gives? But then in the end, it’s like, okay, when, when Trump picked Rubio as the Secretary of State, there was an open vacancy on the Senate in Florida.

Well, now who gets to pick that? Desantis. So it’s like, oh, Matt Gaetz happens to be available. Maybe he can just go to the Senate and have a pro Trump person in the Senate when you never know if the Senate’s going to be pro Trump or not, right? So I think Trump is always thinking ahead, right? 1, 2, 3, 5 steps ahead. And maybe he saw this coming, right? It’s like, but what I do have trust and faith and confidence in is Trump is an amazing leader, smart guy, gets the process. You know, none of these betting issues I don’t think is a surprise to him.

He’s probably vetted them frontwards and backwards on all sides and knows what he’s doing. And, you know, so when you look at this, though, the left is probably cheering and celebrating because I think they got him. They’ve got him this time. We’re not going to confirm these people. And then you’ve got Trump thinking, all right, this is all planned, part of my design, you know, so. So anyways, we do have a lot of mayhem going on. And. And when we look at these things, this is what’s. These are the kind of things, these tangible, intangible things that really start to drive markets.

Lt because perception is reality to people. Right. And when the perception is chaos and turbulence and weird stuff happening and wars and rumors of wars, and like we talked about last week, you’ve got potential for nuclear war and World War 3, and now Ukraine is potentially getting nukes, and they want to preemptively strike Russia and just be done with it. And Putin’s not going to sit back idly on that. And so now he wants to go to war against NATO. And everyone’s thinking, what in the world is happening? Yeah. And people change their spending habits, they change their investing habits.

Whether these things materialize or not, the perception is what starts to drive the markets. That’s right. That’s right. It sure does. You know, speaking of Trump and money and markets and everything, you had this headline for us here. The. Here’s why Trump’s tax plans could be complicated in 2025. Policy experts say, well, they are going to be complicated. And so. Because what does he want to bring to the table? This is why in the weeks that have come and gone since the election, you had the stock market boomed, the dollar boomed, and gold and silver both came down.

And over the last four or five days, the dust has settled and people are realizing, ooh, this is going to be really good for America. But it’s going to probably be really bad for the rest of the world. Right? Because when you slap tariffs on all these foreign goods, it is going to make them more expensive. That is going to be inflationary. But to me, there’s two kinds of inflation, a good kind and a bad kind. Okay, so let’s define them. A good kind is when inflation is the byproduct of a growing economy. You’ve got more people working, more people spending.

The economy can sustain higher prices because wages are keeping up with that. That’s actually a good kind of inflation because it means the economy is growing. The bad kind is what we’ve seen over the last four years with Biden and it would have seen with Harris, because it’s the same policies, which is higher taxes, you know, higher government interference on all these different administrative rulings and climate accords and everything else. People aren’t working and wages are coming down and unemployment is high and there’s no sales tax, property tax, income tax revenues. So the government just goes to the printing press and prints money like there’s no tomorrow.

Right. See, that’s a slowing of the economy, but with inflated prices. That stagflation, that’s the worst. That’s a bad kind of inflation and that’s what we’ve had. Right. So what Trump is going to bring to the table is a good kind of inflation. I’m not disagreeing with even the left saying that his policies are going to be inflationary. It’s like, well, yeah, of course they are. It’s a growing economy, for crying out loud. But, but people don’t, don’t actually look at the different kinds of terms and say, is there such a thing as good inflation and bad inflation? Yes, there is such a thing.

Right. So, so growing economy where wages are keeping up with inflation. That’s really good. It’s like, for example, you look at the Reagan years, right? And people say, well, Reagan was an amazing president and hardly anybody would disagree with that. Right. So what happened to the prices of things during his presidency? I mean, if you look at the price of a Cadillac, you know, and top of the line Cadillac in like 1980, it was maybe like $7,800. I’m not joking. That was probably the price. And you look at what the, what the price of a Cadillac after Reagan, Bush and then Clinton, they all used Reagan’s policies.

So you’ve got for 12 years of Reagan’s policies being implemented after that, a top of the line Cadillac was probably over 30,000. Right. It’s like, well, was that inflation? Yeah, but was anybody complaining about the economy? No. Because their wages were keeping up with that inflation. Well, yeah, we’re going to see the same thing again. Right, so, so here’s where I think Trump is going to have some, some. It’s not going to be an easy, easy, super easy road getting some of these things passed. Because what is the one thing that he. So what’s the one most important economic plan that he’s going to bring to the table? It’s tariffs.

Right, right, That’s. And the second is he wants to keep all these. Was his bill in 2017, the Tax Cuts and Jobs act, the TCGA so let’s talk about that one first. So that one, what is he going to extend? What is he going to. What is his policy plan to grow the economy? He wants to keep lower tax brackets that he lowered back then. He wants to keep higher standard deductions. He wants to have a more generous child tax credit, bigger estate and gift tax exemptions, and 20% tax break for pass through businesses. And there’s a bunch more other things in there.

But all of those are pro growth policies, right? Well, you’re going to have people on the left and the rhinos that say, how are we going to fund all this stuff when we want to get rid of personal income taxes, for crying out loud? Which is Plank. I think number three of the Communist Manifesto is graduated income tax and progressive income tax brackets. So, yeah, it’s like he wants to go back to what the founding Fathers envisioned. And instead of us paying for things, all these government plans and all this through our taxes, income taxes, Founding Fathers played it out very, very well and they were very clear on it.

It’s like, we don’t want Americans to pay for that stuff. We’re going to have the rest of the world pay for our stuff. Brilliant, right? That’s what a tariff is. A tariff is just a tax on foreign goods that’s going to make China and Indonesia and Malaysia and Russia and Europe pay for all of our stimulus bills and our entitlements and our Department of Defense. That’s what a tariff does. Now the left is going to say, kirk, you’re an idiot. You just like Trump is, right? It’s like, because the, there’s no way that people can afford the higher prices coming in when you slap tariffs on everything.

Because most of what we bring in is an import. So most of what we consume is an import. It’s like, well, yeah, that’s why Trump wants to change it, that most of what we consume is not an import. It’s actually domestically made by American, right? So when all these things are more expensive with foreign goods, people are going to change their spending habits and buy American. And now what do you got? You’ve got what Reagan did, which was growing the economy. Prices will go up, but so will income. And it’s going to keep up with it for the first time in a long time.

So when you’ve got this kind of opposition, and the most opposition we’re going to get is from foreign countries, right? You’re going to have China that says, well, we’re going to dump all your US Treasuries where you’re going to, you’re going to put tariffs on our goods, we’re going to put tariffs on yours. So you’re not going to be able to export anything to us. It’s like, I mean, that is a potential problem, right? So you don’t navigate through that willy nilly without a strong leader. Because the political ramifications of impacting another country’s wallet could be economic warfare, like what that would be, or it could be actually real war.

Right. I mean, it gets bad enough, you’ve got geopolitical ramifications here, and this is where you need a strong leader. We haven’t had a strong leader in the White House in so long, outside of Trump. I mean, it’s been a long time. That’s right. So you need somebody who has the guts and fortitude and brain power to actually say, nope, this is what we’re going to do. And you might not like it, but we are the consumption engine of the world. Take it or leave it. Right? So, so you’ve got. This is why it’s not going to be the easiest path moving forward.

In fact, I think it’s going to be difficult. But this is where nothing good in life is ever easy. I mean, is it. No. If it were easy, then everybody would do it. Right? But it’s, it’s. Good things are difficult, right? It’s, it’s, it’s, for example, it’s, it can be, it’s really easy to sin. It’s, it’s sometimes hard to avoid temptation when the devil’s in your face constantly over and over and over again, right? So it’s, it’s hard to do the right thing. But boy, the benefits of doing the right thing are so amazing, whether this is personally, whether this is politically, whether it’s business decisions, you know, so anyways, it’s going to be a tough road.

But Trump, I think, has the people in place. He’s putting together a dream team, so to speak. That’s right. People that are thinking like him. And this is what you alluded to earlier. It’s like, you know what? Some of these people we might not agree with. Well, who are we? Right? I mean, we might do some research and stuff, but, but I think there’s always a plan when it comes to Trump to know these things and actually have a plan B, a plan C, or maybe the intended misdirection, right? To get the people in place. You know, one of these things that I’m, people that I’m thinking of, which to me is Possibly the most important pick of everybody.

Right. And that’s the Office of Management and Budget Director. It’s like, what? That’s not even a Cabinet position. How could this be, like the most important thing ever? Well, one of the best economists that I read, that I love, he’s always spot on, was David Stockman, who is Reagan’s budget director. I mean, he’s called so many market crashes. Why? Because he’s not dealing with lt’s budget or Kirk Elliott’s budget. He’s dealing with the budget of the United States, largest economy in the world. Right. And so he sees everything. And when you couple this, what does that person do? That person signs the checks, Right.

That Congress passes, but he does more than that. He’s putting together the budget. Right. So he’s going to probably work pretty hand in hand with Vivek and Elon, with the Department of Governmental Efficiency and say, okay, this department is a complete waste of space. Dump it all together. This one we could expand some. This one we should diminish some. Well, you know, and actually, with a fine tooth comb, go over the entire budget of the United States and talk about what we should get rid of, what we should grow, what we should just keep. But here’s the thing.

Even after Congress passes bills, if somebody doesn’t sign the check, they don’t sign the check. It’s not getting paid. Right, right. Which is this is why, to me, this is such an important position and this gentleman is so much on board with what Trump wants to do. He wants to help clean house. Right. Which is so good. It is so good. But it’s not just enough to clean house, which cuts expenditures. It’s more than. Okay, we’re going to do that. That’s fine. But how are you going to grow income? Right. He’s going to help find the places that, you know, the.

If you spend a dollar, you’re going to earn three rather than spending a dollar and you’re going to lose three. Like what we have whenever we have stimulus money and it goes into our debt and you have these interest payments, he’s going to figure that out. I think this is very important. One secondly is the head of the Treasury Department, right? So this one. Why is this department so incredibly important? Well, because how does, what does the Treasury. Do they make money for the United States, Right. How are we going to make money moving forward under Trump? With tariffs, hopefully.

So under the Treasury Department, maybe you do get rid of the irs man. You got to have somebody who loves the whole program of tariffs because again, you’re going to have political pushback from these other countries. So this Besant gentleman is totally on board, totally on board with Trump’s tariff plan, which is on board with what the founding fathers envisioned for the country. Right. What I don’t necessarily understand about this pick is he used to work for George Soros. Oh, wow, brother. I mean, so, but I don’t know, right, people, just because he used to work someplace, why doesn’t he work in there? Did he not disagree with Soros? Right.

It’s like, I don’t know. Trump knows though, and I think having somebody that’s completely on board with the tariff program because what could ultimately come from all of this? What could come from Elon Musk and Vivek working to clean things up? Well, what if they real and with the help of Ron Paul could realize, wow, the Fed is irrelevant. Let’s just get rid of the Fed or let’s bring it under the umbrella of the Treasury Department. Right. And because Ron Paul, when he was a congressman, he was fighting for real money all the time. He wanted gold backed currency, he wanted to audit the Fed.

Well, now I think he’s going to help. He’s going to help and look at the Fed. Does that mean the Fed’s going to get dismantled? I don’t know. But I do think it’s going to change, especially under, under, under the new kind of paradigm that Trump is looking at where we’re just going to be focusing on tariffs. There’s no need for the irs. Well, there would be no need for money creation either. Right. And so it’s especially not a government mandated money creation. The Fed is a cartel owned bunch of banking families. Right? That’s what it is.

So who knows what these things are going to go. But this guy, billionaire hedge fund manager, Wall street insider, understands the markets and is very much pro Trump and very much pro tariffs, man. To me that’s good. And we’ll let Trump play the chess game on whether these. But, but what the markets are looking at is this is really good, right? We got it. We got somebody who understands Wall street, who’s going to be in charge of the Treasury Department. So stock prices are going up everywhere and, and the markets are reacting to these decisions because perception is reality.

Well, the other perception that’s reality is after the dust settled LT after now two and a half weeks of markets exploding, the dollar getting strong, things doing good, gold and silver came down for a bit. People are realizing, whoa, let’s put on the brakes here on this Irrational exuberance kind of a thing. The US Economy is going to do really well. It’s going to be a hard road, like we just discussed. But things like gold and silver are not domestic commodities. They’re not only bought and sold in America. Right. It’s a global commodity. And the rest of the world still stinks economically.

The rest of the world is in political chaos, absolute political chaos and economic chaos, and a debt spiral that I think is going to be very hard to come out of. This is what Trump, for them, probably makes a little bit worse. Really? Because if he puts tariffs on their goods and nobody’s going to want their goods, they’re going to be capital constrained even more, which is perfectly fine with me. I’m not a citizen of the world, I’m a citizen of America. Right. And I’m a citizen of God’s kingdom first and foremost. But getting rid of some of this ugliness, some of the collusion, some of the world where our supposed wealth is based on debt, it’s not true wealth.

That’s right. It’s not. It’s, you know, the Bible talks about this, and it’s our borrower as a slave to the lender. And, and these are the kind of things that are going to get cleaned up. Well, what has, what has gold, you know, which is the best barometer against government distrust done since Trump was elected? It pulled back, right? It came back like 13%, because the perception is Trump’s going to grow the economy. It’s going to be amazing. Dust settled and then what did it do over the last four or five days? It’s up 5%. Oh, wow.

So, so you look at it came down and the dust settled and now it’s going back up again. Because reality is sitting in that this isn’t going to be the easiest path. Now we’ve been allocating into silver, not gold, right? Well, this is great because in a bull market, in gold, almost all of the time nothing’s 100%, but it’s like, it’s pretty stinking close. LT Silver outperforms gold when gold is in a bull market. So this is where, and under a Trump presidency, we start to look at some fundamental analysis of what is the demand for silver.

Is it investor demand or is it industrial demand? Well, silver and industrial metal, 90% of the usage and demand for silver is industrial purposes, not investor. So therefore, Trump is going to grow the economy, which pretty much everybody watching this show thinks, yes, Trump is going to grow the economy. Well, in a growing economy, the demand for industrial silver is going to go through the roof. That’s 90% of the demand for silver. So silver is poised to grow even faster under a Trump economy than it would have under a Harris economy. That’s right. So. So this is where I’m really excited and really thankful, Right.

As you know, we’re. It’s Thanksgiving. It was Thanksgiving this week, right? And it’s like we have a lot to be thankful for. And here’s where thankfulness and prayer come hand in hand, right? There’s massive power in prayer. And I think the Trump being elected was an answer to prayer. Amen. And you look at, I was just thinking about this and did a message for my clients and, you know, Thanksgiving and Christmas, this holiday season, it’s a very special one because it feels like there’s renewed hope, right? And so, right. You look at, you look at John 1:1, right? And so what does it say? In the beginning was the Word, The Word was with God, and the Word was God, right? It’s like, that’s Jesus, right? So Jesus miraculously, supernaturally left eternity.

He stepped out of heaven to live earth on earth as a man, to show us how to live, right? And what did he come here for? He came to actually give us eternal life, but he came to be an example, right, of how to live life, how to integrate with your neighbors, how to live a life of prayer and faith, right? And he came to heal and redeem and restore, and that’s what he came here for. And so that’s the meaning of Christmas, right? And now we’ve got a country that’s deviated so far away from that message of Jesus that now we see there’s this renewed hope, and we’re thankful for that.

And this election, to me, was an answer to prayer. It’s like, wow, Jesus came to heal, redeem, and to restore what the enemy has taken. And the enemy has taken so much, especially over the last four years. And now people were praying. People all over this country, all over this world, were on their hands and knees praying to God. And what did God answer with? He won this election even though it seemed like insurmountable a while ago, Right. I mean, coming after J6, the Trump’s rise from that was. Is amazing. Yeah, it is. How in the world.

How in the world. Well, this is just our physical, temporary tent, this world, right? We’re spiritual beings that are going to live in eternity somewhere. God had this all in his hands. So here’s where to me, prayer and faith and God’s Word and living with a lifestyle that mimics what Jesus did. He taught us how to live. So let’s just do it right. And how God answers prayers. I am so thankful for so much right now. And when we tie this into the economy and 90% of the people that call me are scared lt they don’t know what’s going to happen.

They think their retirements are going to go away. They. You know what? We pray about it. And God gives us wisdom and discernment all the time, more than what we could ever ask for because he’s a good father and he gets us through these things. Not just gets us through it, but he allows us to thrive through the storm. And that’s where to me, gold and silver really are a big part of that financially. And people. People’s lives right now. That’s right. That’s right. To have your IRA out of the FIAT system into gold and silver is probably the best decision anybody would ever make.

Super smart. And I didn’t realize how important was until a year and a half ago. We helped our family out and it’s just been great to watch this silver rise and also to have many of our friends and family work with you and more. It’s been pretty phenomenal. And so I just wanted to ask you as we close today, if you wouldn’t mind if we close in prayer. Dr. Elliot? Yeah. Okay. Yeah. Let’s go to Heavenly Father. Thank you so much for Dr. Elliot, his team, everybody there just doing a wonderful work this whole year taking care of people through the fluctuation in the economy, the tactics going into the election and so much more.

They’ve been just there as a solid foundation for so many people with their money. Their silver that they’ve been allocating into has just been phenomenal. And you’ve done just a great work through all of them and we just appreciate you for that. We ask for continued protection over his family, over everyone that’s in the building there that’s working for Dr. Elliot as they reach out to people, pray with them, go through these holidays and more, that they would just be continued filled with joy each and every day as they’ve been just helping so many folks. You’ve seen it all, you know it all, and they definitely need your protection.

Lord, moving forward, we ask all this in the name of your son, Jesus Christ our Savior. Amen and amen. Amen. Well, thank you so much, Dr. Kirk Elliot. Guys, remember, and we know.com forward,/gold. It’s in the description box below. And that’s where you can reach out to Dr. Kirk Elliott and he will take care of you for sure and their team and they’ll pray with you also. Just love it. So look forward to next week, having another update as we head into December. It’s going to be great. Yeah, it will be. God bless.
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