Folks, it’s great to have Doctor Kirk Elliott back with us once again every week, giving us wonderful updates. You guys know that you can go below this video to and we know.com gold and you can reach out to Doctor Kirk Elliott, have these conversations with him or somebody on his staff for your future. Specially impressive precious metals, which we have done, and it’s been absolutely amazing. I’m glad we made that move a few years ago. Great timing as our IRA is growing quickly, not no longer in that fiat currency. We’ve got a couple of great updates for you this week.

Looking forward to hearing from you, Doctor Elliott. Well, it’s great to be with you again, as always. And there’s some weird stuff happening. So spiritually there’s weird stuff happening, and physically there’s weird stuff happening. But whenever I see things happening in the physical, I know that that’s just a manifestation of a spiritual battle that’s being waged, right? Because we’re just, we’re just temporary tents here on this earth. And our spirits are going to live forever somewhere. Let’s hope it’s in the right place. But everything that we’re seeing to me is a physical manifestation of a spiritual battle.

Because when you look at what’s going on around the world, there’s wars, rumors of wars, there’s debauchery. Everything that’s considered good is evil, and everything that’s evil is almost considered good. And you’ve got this world that’s consumed by debt. It’s like lt everything that I just mentioned, are any of those God things? No, they’re nothing. Basically the byproduct of Satan reigning and ruling on this earth. Right, because we’ve opened a door to give him permission to do so. Right. But God’s bigger, God’s stronger, and he has a plan for us, an amazing one. And we just have to rely on his wisdom and his discernment and actually live the way that the Bible tells us to live to avoid some of that stuff.

You know, somebody, somebody was asking me the other day, I say, kirk, could you share your testimony with me? You know, just one of a client that called in and I said, well, it’s not an exciting one. It’s a good one. Yep. I got saved when I was five in the kitchen of our house by my mom. She prayed the prayer of salvation with me, and God kept me from all kinds of nonsense. It’s like, you know, it’s not like this, you know, oh, I was saved from a life of drugs and sex and rock and roll and all this stuff.

But. But yet it’s a really powerful testimony to. When you listen to God and you abide by his ways, not only does he keep you safe, but there’s blessing that comes from that. And it’s just. And I don’t. I don’t want to make people feel bad who actually came from a life of horribleness, because there’s redemption. Jesus came to heal and to redeem and to restore. And I. And you know what? Because of that, we just have to give him our whole heart. Not a part of it, our whole heart. Right? And it’s amazing what happens when you listen to his word.

When you read his word and you abide by it. It’s not just enough to read it, but you have to live it, too. Right? And so, you know, I was. And that reminded me literally 30 minutes before we recorded this. This show, I was talking to one of your viewers who decided to roll over their IR. That wasn’t actually an Ira, but I had two of your viewers today, one an Ira, one an on IrA. Well, I was having this conversation with them, and it turned into be a very spiritual conversation, like a lot of them do when people call in.

Oh, perfect. But it reminded me of when I first started in this business. So, way back in 2002, the third client I ever had. Lt the third one. And back then, it was brutal, because that’s like, I wasn’t on tv. I wasn’t. I wasn’t. Didn’t have impact or influence. I was just me and trusting on God for everything, right? But smiling and dialing. I made 250 phone calls a day out of the phone book, right, to. To generate business. And it was brutal. But the third client I had, she was this about 90 year old lady from Manhattan, and she sent me, like, $10,000.

And I called her, like I do everybody, and say, hey, we got your funds, and this isn’t a happy day for you. This is how I recommend we allocate it into gold or silver, whatever it was at the time. And in her little frail voice, she said, young man said, why are you asking me what to do with it? It’s God’s money. It’s not mine. And if you’re okay with what you want to do when you look at Jesus into his fiery eyeballs on judgment day, then it’s okay with me. It’s like, ooh, you know that.

But really, what a great conversation to have when I was fresh into the business. My third client ever. Because every single day, literally ltd every single day from, from that point on, for over 25 years, I’ve remembered that comment because it’s very impactful. And what does it say without saying those exact words? It’s driven by eternity rather than driven for the now. It’s. It’s helping people and rather than helping yourself. Right? And so if there were a world of financial advisors out there and stockbrokers and financial people that really, really, truly cared about the people they were talking to rather than greed and how they can line their own pockets, the world would be a completely different place.

And I am so thankful for that little old lady. She has no idea, I mean, she’s been dead for a couple of decades now, but she has no idea the impact that that one statement made on me. Young, fresh out of grad school, and realizing that everything that we have is God’s money, and I have to answer to Jesus for it on judgment day. Right. It’s like, that’s a heavy thought, but it’s a good one because it keeps you on the straight and narrow, which God talks about that numerous times in his word, stay on the straight and narrow.

But even if you deviate from that, he’ll pull you back. He’ll pull you back into that perfect life that he had envisioned for you when he created you. He knit you together in your mother’s womb, and he knew all the days of your life before any one of them came to be. That’s the plan he has for us. But by stupid decisions, sometimes we deviate from that. But he’s always that gravity that pulls us back to him. And anyways, I know rabbit trail. It’s not what we came on the air to talk about. I just had these conversations with your viewers today before we recorded.

It’s just an amazing thing. Yeah, it’s important too, because as we had a conversation earlier, many folks have been shaken with these big name pastors that are on the radio. They bought their books, they listen to their teachings and what have you, and that’s having an effect on people. And so, yeah, that’s the first thing to deal with before anything else physically on this earth is, you know, how are you doing and how’s your relationship with our heavenly father? And so that’s very important, especially going into the shaking system that’s fallen before us. I mean, you shared a couple things with me.

One of those was the financial bank system. Here. The coastal Journal put out full article, four major us banks face scrutiny. What’s going on with that? Okay, so this is possibly one of the biggest financial news stories that’s yet to come. Right. So after 2009 and the big financial crisis, banks had these new requirements and they had to make sure, okay, the Fed put together these new rules and said, let’s make sure we put rules together so banks have an orderly resolution in case they have to go bankrupt like Lehman Brothers and Bear Stearns did in 2009, which caused this big, massive collapse.

Stock market came down 40%. Right. So they have these stress tests, or these big banks, these money center banks, have to submit an orderly resolution plan under the rules of the US bankruptcy court and code to basically say, yeah, we’ve got things covered and things go south. Right. So what happened over the last few days is we’re not talking about regional banks, big independent banks, or small regional banks like Silicon Valley, signature bank, Credit Suisse, whatever. That went kind of into FDIC receivership in March of last year. These are the four largest financial institutions in North America, JPMorgan Chase, bank of America, Citibank, and Goldman Sachs.

So they did not pass the muster of being able to say, yeah, our orderly resolution plan, if things head south, this is our plan. Well, the FDIC said that’s not a good plan. It’s actually not feasible. So you need to submit a new orderly resolution under the guides of the US Bankruptcy code and get it to us by 2025. Well, what’s the issue that they, that they have, that the FDIC has with these four banks? It’s, how do you unwind their massive derivatives positions? This was the question. And they didn’t have a good answer for it.

And NLT, nor should they. I mean, literally, I’m not saying that they shouldn’t. I’m saying it’s impossible to have a good resolution plan for this, because when you look at two of the banks, JP Morgan and Goldman Sachs, their derivatives positions are over $53 trillion each. America as a country, our national debt is 34.7 trillion. And it took us from 1776 until today to actually accumulate that. And you’ve got two banks that each have almost double the entire national debt in their derivatives debt. And Citibank and Bank of America, I mean, they’re in the $20 to $30 trillion mark.

I mean, they’re about the same as the us national debt, just in and of themselves. But these are institutions, not a country. There’s nobody in their right mind that would think, okay, this debt, that’s leveraged debt, it’s not just dollar for dollar debt, it’s leveraged. If that balloon pops, which, what could cause it to pop? A rise in interest rates defaulting on mortgages, stock market collapse when people have short positions in the wrong, wrong way silver, for example, you know, the JP Morgan chase and HSBC have over 800 millionoz of silver in a short position when there’s only 297 millionoz of actual physical silver.

We talked about this last week, okay? That’s over 500 millionoz of silver that doesn’t exist that they have to fulfill contracts on. Right? It’s like, man, what if the flip side of those contracts want physical delivery? Then you create a short squeeze, then silver goes through the roof. And because they have these naked short positions, how are they going to come up with the money? They can’t and they won’t, which is why China was encouraging all of its citizens to buy silver, because they want to put the western banks out of business. So you look at these things, these are not small regional banks.

These are not even large regional banks. These are the four largest financial institutions in North America that are now being called out on the carpet and say, your orderly resolution plan isn’t going to work. Give us a plan b by 2025. So what if they don’t? See, if they don’t, I don’t exactly know what happens other than, a, it’ll probably cause a run on the banks. B, it could cause them to lose their federal charter. Well, what if tens of millions of people that have bank accounts at these big, massive banks can no longer get access to them? Is that going to cause a run on the banks? Absolutely, it would.

So these are the kind of stories that aren’t making mainstream media. They’re not talking about it, but lt, mainstream media didn’t even talk about Saudi Arabia dumping the us dollars. The petrodollar. They’re hardly talking about the russian banks that are closing their doors because Putin said, we’re not going to allow the us dollar to be traded on currency exchanges or financial exchanges in Russia anymore. We’re only going to use the yuan or the ruble. It’s like, what? So these are big stories because it detracts from the demand. Nobody’s talking about Neur Chukin bank in Japan that sold $63 billion worth of us and european treasuries.

I mean, we found the stories. We talked about it the day after it happened last week. But I’m not seeing it on CNBC. I’m not seeing it on mainstream media. They’re not talking about it. They’re brushing it under the rug. Right? Because they know that if this happens, it would cause a run on the banks, just like the FDIC report from two weeks ago. There’s 63 banks that are on the verge of a financial collapse. They needed to get this loan via a reverse repurchase agreement. Wouldn’t announce the names of the banks because they’re afraid it would cause a run on the banks.

See, sometimes the story that are the words that are untold is more important than the story of the words that are told. And that’s what we’re seeing happening right here. So I look at that, it’s like, man, this world, it’s not what it seems financially. In Japan, for example, you and I were talking about this, um, that. So the news story last week was they sold $63 billion worth of us and european treasuries. Why? I mean, the speculation then was, okay, they have a bunch of unrealized losses on their. On their portfolios, and. And so they need to actually stop the bleeding.

Right? They needed to pay off that stuff. So what do they do? They get rid of the junk. Us treasuries and european treasuries that they assume that the price is going to go down. Like every wise investor, you want to buy low, sell high. So let’s get rid of these things now because they’re probably going to go down in the future. Right? But that’s not the full story. That was 63 billion, but they actually unloaded $73 billion worth of stuff. What was the other 10 billion? It was gold. Oh, wow. Right. So. So here’s where. When I heard that this morning, it’s like, oh, man, that puts a bunch of pieces together for me.

Because gold has come down over the last week. Silver’s come down over the last week. Just temporary blips. I mean, it’s just a buying opportunity is what it is. But you always have to say, why do these things happen, right? When there’s low supply, when there’s high demand, when there’s geopolitical chaos, political uncertainty, inflationary pressures, rising interest rates, wars and rumors of wars, all of those caused gold and silver to go up. Then why did they come down? Well, then we come to find out this morning that Japan actually dumped $10 billion worth of gold onto the open market.

Why? To boost the value of the yen. So that’s why they had to get rid of their european and japanese, I’m sorry, european and us treasuries as well. They sold them off to actually help mitigate the unrealized losses in their portfolio. By the same token, they’re actually trying to boost the value of the yen. Because the yen is like at 40 year lows. Right. And so you look at a chart of it and it’s gone up a blip over the last week. I mean, nothing really to speak of. But it stopped the bleeding. But what was the cost to stop the bleeding? But a lot of times there’s a big, massive cost to stop something.

Well, this time they had to get rid of $10 billion worth of gold, and they had to get rid of $63 billion worth of us and european treasuries. They’re getting rid of their portfolio just to keep the yen from absolute freefall. So I look at that and it’s like, well, Japan is such an export rich country. They export Hondas and Toyotas and Sonys and all of that stuff. In a real world economics position, a weak yen would make their goods cheaper all over the world. Thats right. So they would want a weekend. But a weekend means they have no capital inflow coming in because nobody wants to invest in a weak currency.

Theyd rather invest in a strong currency. So here’s the trade off. What are they going to do? Are they going to keep the yen weak so they can actually increase their exports? Or are they going to try to boost the yen to get more foreign capital inflow coming in? Looks like they’re trying to keep the yen boosted up, which means this is going to hurt the japanese economy. I’m telling you that money coming in via capital inflow will help their, their deficits. But I would rather have a weak, if I were a policymaker there and say, we rely so much on exports, the weaker our currency, the cheaper our stuff is overseas, and there’s more people everywhere in the world than there is in Japan.

So therefore, let’s have a weak currency. They didn’t choose that. They’re actually choosing to do the opposite. And they’re dumping their valuable assets like gold. I can’t blame them for dumping us and european treasuries. They stink. But, but, yeah, this is the dynamics that we have to look at and all of that. I say that to say we’re entering into a new paradigm globally of, you know, the halves of the past or the have nots of the present. Right? China was nothing, Russia was nothing, India was nothing for decades. That’s right. Now all the power, all the money, the political, military, economic, everything is moving towards the BRICS nations, and there’s not much we can do about it at this point.

There’s not. Even if you had Trump in office today, imagine what they could do, what a president could do to say hey, China, Russia, we kind of made a mistake with spending too much money over the last 40 years and we’re going to make a change and we want our reserve currency status back. Theyre going to say, dude, go pound sand. Its like, were keeping it, we got it now. Weve been fighting for this for decades and its now ours. And they can say that because theyre pushing to be 70% of the worlds population in that trade bloc, right? They control the cards.

And this is where we, this goes back to the conversation that you and I head off, off air about pride, right? It’s like pride causes bad things to happen in people’s lives. The pride of America. To think we are going to keep our financial status as the world’s reserve currency forever is a stupid notion. When you live an unbiblical life and you print money like there’s no tomorrow on a debt based system. The Bible is clear. A borrower is a slave to the lender and we just became a slave to the rest of the world because of all of our debt.

And so we then have to figure out with Holy Spirit empowered wisdom. It’s like, how do we navigate through this when we can’t change politics, we can’t change Putin’s mind, we can’t change Xis mind in China. But you know what, we can identify what’s happening and act accordingly. And that’s what, all of the stuff that I’m seeing is detrimental to America moving forward. But it could be very prosperous in the sense to our retirement plans if you identify those trends and you act in the opposite spirit, so to speak, in the spirit of humility rather than a spirit of pride.

Get rid of some of the things that everybody’s going into because of greed and go into something that’s just a safe haven investment, that’s, I think, what’s going to save people’s bacon moving forward. That’s right. That’s right. Yeah. You had another article real quick before we close out about the central bankers. I mean, this has been playing out, you know, almost every week we talk about it and they had a zero hedge article, want reliable money? Stop trusting central bankers. And they started, you know, right off the bat with Yuval Noah. Everybody knows that name pretty much.

It’s a household name of anger. Is he, this guy thinks he control the earth. But yeah, what’s going on with this one? So I wanted you to show that article and we were talking. It’s like, you know what, when you talk about trust, when you talk about believing in those in leadership, you have to have a solid rationale as to what you do. This is where logic and reason should marry each other, and you feel really comfortable about your decisions. So policymakers across the country are now moving. We’ve got over 60 bills, basically, that are saying we need to move to sound money.

And what does that mean? If you’ve got Texas saying it wants a central bank backed by gold. Oklahoma, the same, Florida the same, you’ve got 13 other states that’s saying, oh, let’s just have a state depository that has gold and silver in it, and we’ll issue a debit card so people can keep their money safeguarded. Or, oh, let’s have gold and silver as legal tender, you know, in, like, 20 different states. What are those bills actually saying? They’re saying, we do not trust the Federal reserve system. We don’t trust central banking as we know it, and therefore we want to put it in states hands where we can control it locally.

Right. So it’s not just like one. It’s not just Texas. You know, it’s everything. Oh, Texas, you know, they’re going to do everything conservative, and they want to secede from the union and have their own country. It’s like not saying that. But when you have, like, 20 states that are saying gold and silver legal tender, that tells me that people do not trust the central banking system as we know it. Nor should they. Lieutenant, quite honestly, it’s a system based on debt. It’s a system based on money that they print out of thin air. Right? That’s what fiat based money creation is.

That devalues your currency, and that’s what causes inflation. But what comes next is digital based fiat money. Fiat money in paper form is just them printing money like there’s no tomorrow. Fiat money in digital form. You can still have fiat based money. All that means is there’s no backing. You just create currency by decree or by pressing a button. It’s really easy to create inflation. A digital world. And see, this is where people, I think, are putting their trust in the wrong thing. Except you’ve got states that are saying, we don’t trust that thing, that most of the people want, that 94% of the entire world wants a central bank digital currency.

Lt, of course, the governments of the world want central bank digital currency because it’s the best means of control that there is when you can tell a person when to buy or sell. So some of these states are being brave and courageous, and we need to pray for those legislators in those states to actually bring back a monetary system of sound money, that it’s more like God’s money. It’s real, it’s tangible. There’s no debts associated with it. And anyways, point of this whole article is there’s 60 bills now that are looking towards sound money rather than the creation of central bank digital currencies that we keep talking about.

That is the hope in this message. Yeah, it’s amazing. Right here it says, America’s founders understood the risks of a money backed by edict rather than sound money. That’s why the US Constitution, article one, section ten, prescribes the use of gold and silver coins as money. That’s right there. And then you’ve got DC Representative Mooney Bill to exempt gold and silver from federal capital games. And Representative Massey’s bill to end the Federal Reserve, the most significant digital asset law in history in the financial innovation of technology for the 21st century act. So they’re making big moves.

They see what’s going on, and it’s just wonderful to just see folks fighting out there at the highest levels. Yeah, they definitely need our prayers. Amen. They do. You know, there’s, there’s, you know, we talk a lot about bad politicians, but not all of them are bad. Yep. Right. There’s some out there that really, really want to do things and bring America back to the christian nation that the founding fathers envisioned for it. Or I should say that God envisioned for our country and allowed these politicians to actually create laws to create that, that amazing republic that we are.

But, you know, stupid greed, stupid pride, stupid arrogance, and, and what comes with politicians. It’s like, well, they’ve deviated from that path. But again, like the beginning of the show, God’s plumb line of humility and honor. And if we can bring us back to a culture of honor in this country, it’s going to be an amazing thing. And that’s what gives me hope. One of those things is just allocate your finances properly so you don’t have to worry about it. So you don’t have to worry about, is the stock market going to collapse? Is a bond market going to collapse? What about these wars and these rumors of wars and the stupid fed keep printing money like there’s no tomorrow and disinflation and what are they going to do with interest rates? Are they going to pause? Are they going to lower? And you don’t have to worry about any of that stuff if you’re allocated properly.

So that’s hopefully these kind of conversations encourage you to take that leap of faith and act so you can bring peace into your financial world. That’s right. That’s right. At the end of the end of the article it says by restoring sound money principles we eliminate the need for trust in central banks ensuring more stable and predictable economic interactions over the long term and that’s for us individually too as we move forward. It’s so important folks that you reach out to Doctor Kirk Elliott, they’ll help you out on the this whole journey of moving from this fiat currency to silver and gold and definitely have a stable future.

Good foundation especially for your family in the future generations and we know.com gold in the description box below folks reach out to them today and they will definitely put you on the right track. I’m telling you it’s helped us out tremendously. Thank you Doctor Kirk Elliott once again for this update. We look forward to these in the future. You bet. We’ll talk to you soon. All right. God blessed.
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