8.25.24: LT w/ Dr. Elliott: Dollar to Silver ratio increased to $438 per ounce from $250 DNC meltdown Pray!
Summary
➡ The article suggests that due to increasing debt, pandemics, wars, and nonsensical policies, we are on the brink of a severe economic meltdown. This situation, combined with the increasing value of precious metals like silver, makes it a good time to invest in them. The price of silver is expected to rise significantly by the end of 2024 due to factors like unsustainable debt, inflation, and political chaos. The article also highlights the increasing demand for silver in industries like electric vehicles and solar power, which could lead to a shortage by 2025, further driving up its price.
➡ Samsung has developed a new battery that fully recharges in nine minutes, which could significantly increase the demand for silver. This is great news for those who have invested in silver, as the price is expected to rise to $50 an ounce by the end of the year and possibly reach triple digits next year due to increased demand. The annual global output of silver from mines is 25,000 metric tons, and this new technology could consume a large portion of that. Now is a good time to invest in silver before its price skyrockets.
Transcript
Kirk Elliott. It’s great to have you. It is so great to be with you. A lot going on. I mean, literally, starting last weekend, going throughout this whole week, I’m thinking to myself, wow, could it get any worse and more bizarre? And to me, it’s like it can. God actually tells us that it will in these days. But I’m looking and saying, okay, you’ve got economic fallout, you’ve got political mayhem, you’ve got wars and rumors of wars, you’ve got warships in the Middle East and now like a third of the US Navy.
I mean, there’s so much going on. And then it was the clown circus at the Democratic National Convention. It was like, what? Is this the Sodom and Gomorrah National Convention? Or is I’m watching it and I’ve never seen such a spin on weird stuff. I mean, there’s people walking around dressed up like abortion pills. And then I was watching with my son, who’s 19, I just wanted him to see it. It’s like, okay, you’re going to hear some of the most awful nonsense that you’ve ever heard. However, I want you to see it.
So the states are basically coming on, the delegates are announcing that they’re going to give their votes to Kamala, whatever. And then there’s this girl that was talking about abortion. And it was such a weird spin on the story. And I was disgusted by it. And it was basically, hey, I had an abortion and it saved my life. And so now, because I had an abortion, my husband and I have wanted a baby for so long, but it saved my life. So now we can finally have a baby. It’s like, what? Yeah, this is a weird, twisted spin.
So it was so distracting to my brain. It’s like, I’ve never heard this spin before. We had to have an abortion to have a baby. It’s like, what? That, that this is a wild time that we’re living in in America. And what is that that you have on the screen? Yeah, plantar doll, plant parenthood. It’s showing you the Baphomet and Satan who runs Planned Parenthood. Unbelievable. Yeah. Yeah. It’s just a name that somebody put together. Yeah. So a point of all of this was I think everything that we’re seeing, LT, whether it’s banks collapsing, people not working, you’ve got crisis at the border, you got wars and rumors of wars.
You’ve got Israel fighting against everybody. You’ve got China and Taiwan and now warships, you know, surrounding parts of America from China. It’s like all this stuff that’s happening. These are all physical manifestations of a spiritual battle. That’s right. Because they’re all happening all at once. If you had one of them that was isolated, you’d say, man, this is bad. But when everything is kind of spiraling out of control at the same time, it’s obvious to me that it’s a spiritual battle. Everything is falling into that. But the good thing is we know how to win spiritual battles.
You do it on your knees. You do it by being brave and courageous and listening to the promptings of Holy Spirit that speak hope and love and wisdom and courage and discernment. We can get through this. It’s almost like hell has been unleashed on earth all at once. It’s the weirdest thing. I tell you, when we looked at things, you know, we’re talking about the liars at the DNC and Sodom and Gomorrah, Satan running the whole program. Well, we know that he’s the father of lies and they continue to throw lies at us.
This one right here, this clip I wanted to show real quick, the Biden-Harris administration forced to admit that they overstated job creation by 818,000 jobs. A huge revision down 818,000 fewer jobs. This is basically the government’s overstated the amount of people in the workforce. And even when you look under this, manufacturing was down 115,000 people. So this is a revision down, a significant revision down the largest in 15 years that we’ve seen. And it basically says that the government has now overstated the amount of people who are working in this workforce.
It shows weakness in the job markets over the past year that we didn’t realize was there. But now we know is there. So again, 818,000 overall jobs down, manufacturing down 115,000 in this. And if you just put construction down 45,000, so these numbers are huge numbers in revisions down. You were calling this out, Dr. Elliott, not even maybe months ago, a year ago, that they were inflating all the numbers and you were warning us that this is going to play out. Well, because this isn’t like it just happened. So there’s a method to their madness.
So every time the job numbers come out, which is a big leading economic indicator, it’s watched every month and it impacts the markets greatly. So you come out with these extravagant numbers, oh, we’ve done better than expected. Wow, this is crazy. Biodynamics is doing really good. And then literally a month later, they revised them down. They revised them down on the basically within close proximity to when the new month’s numbers come out that they say, oh, this is great. Look at biodynamics is working. It’s better than expected. Well, at the same time, they’re actually revising the numbers from the month before.
And wow. So this is the weird trick that they use. So let’s say, LT, that you said something that was completely wrong on the air and people on social media are blasting you. So what you’re going to do is you’re going to go and apologize because I know you and you’re going to say, Hey, you know what? I said something that was so wrong last week. And I apologize for that. I misunderstood something, blah, blah, blah. So you know what the media would say? They would only say, this LT character, he said something that was so horribly wrong.
He’s just an awful person. And they never listened to the apology. They never listened to that. So same thing in the, with these economic numbers, the news, when it comes out, they will use the extravagant numbers of all these people working the revision that comes out. Nobody covers because at the same time that revision of like 818,000 people not working, what are they sending out the new job numbers that are going to be extravagant and better than expected. So it’s a way where they can lie and tell the truth. But nobody knows that they’re doing that because it’s being hidden by all the lies.
I mean, this is, this is a weird game that they’ve been playing for a long time. This one was so egregiously bad that now it is actually becoming public knowledge. It’s like, and why it matters is because people invest when they think that the economy is robust and people are spending and there’s revenues. People pull the put on the brakes, pull money out of markets when they think, wow, it’s bad. Nobody’s working. Is this, is this really going to go up, right? They, so this is why this is an important number and why they hide the reality of the situation, that things are really quite bad.
Yeah. And that’s another note. You know, California seems to lead the way on everything across the United States. I don’t know if you saw this as part of the add-on, their state Senate committee proved a bill to allow illegals, legal migrants to buy homes with zero down payments, zero down dollars and down payments and zero percent interest. So why is this a big deal? I mean, you know, can you explain it to me in just layman terms for us? So where are these people working? What kind of a job do they have? Who is the lender and are they going to get paid back or even paid on time? It’s like chances are no.
Right. So when you give loans to people who probably shouldn’t have a loan and you do it for zero down payment, zero interest, it’s like, how do you qualify for this thing? What’s going to happen is that’s good money chasing bad, right? So, so ultimately banks will fail the lender, whoever the lender is, whether it’s a bank or banks that are working with the government or the government itself, they’re not going to get paid back, right? And you’re going to have all kinds of delinquencies and ultimately defaults. And this is really, really bad policy.
This is how 2009 happened, LT, when you had the subprime lending collapse and you had people who couldn’t afford their payments, but, but banks were cooking the books and giving people loans. It shouldn’t have had loans. This was a subprime lending. And then ultimately there were delinquencies. They defaulted. They couldn’t pay it back. And it caused the biggest market meltdown of a generation. But I think this one’s going to be way worse than that. We are on the verge of the, by far, like probably a factor of 10 X, the worst meltdown of a generation that’s going to make 2009 look small because we have way more debt.
We have pandemics. We have policies like this that make absolutely zero sense that people are applauding. We’ve got wars and we’ve got rumors of wars. The government’s out of money. The U S has lost its reserve currency status to the bricks nations, taking away the petrodollar status. It’s like, this is so much different than 2009, but yet the same thing is going to happen. Right. Right. And that adds to what we’re getting in today, why it’s a perfect time to get into precious metals. And this right here, the lows in the corrections over $50 per Troy ounce of silver by the end of 2024 is an expectation.
Yeah. So amazing. Why are they thinking that? So, so I’m not a technical guy. I couldn’t care less, right? Because to me, fundamentals drive everything. The unsustainable debt, the inflationary pressures, wages, political chaos, geopolitical conflict, all of these things cause gold and silver to go up. Well, all of those things cause a chart to look like a chart. Right. So, so I always look at the fundamentals, but now the fundamentals that made this chart look like this from a technical perspective, and I’m not a technical guy, but I can explain it really quick.
You’ve got this like baseball pennant pattern, right? It’s like, looks like a baseball pennant. Um, and that’s a series of higher lows and lower highs. And once the price action goes up above the tip of that pennant and stays there for just a bit, it tends to absolutely shoot through the ceiling. So there’s technical bumbo jumbo behind it, but that’s the layman’s example. Once it breaks through the roof of that pennant, gold and silver tend to spike. So what’s the projection? $50 an ounce by the end of 2024. It’s like LT, it’s the middle of August.
There’s not much time left and we’re at less than $30 an ounce. So going from 30 to 50, it’s like, man, that’s like a 67% increase between now and the end of the year. That’s incredible. Even, even if that’s half wrong, people get an F that are 50% wrong. Oh man, that still puts the put silver at like 37.50, right? And we’re less than 30. I mean, we’ve got a lot of growth ahead, but here’s where I don’t think that they’re wrong. In fact, I think that they’re underestimating where it’s probably going to go.
So this is from that chart that you have on the screen is us.clock.org. That’s a snapshot from it, right? So, so it looks at the dollar to silver ratio. Okay. So what does that measure? That measures silver, the amount of silver coming out of the ground from the mines, the number of ounces compared to the amount of new dollars that are being printed. Right. Right. I want to explain real quick. What’s on the screen for those just listen. It says right here, the dollar to silver ratio has drastically increased to $438 per ounce.
Just a few weeks ago, it was $250 per ounce. If you’re stacking silver, you should be buying right now. Absolutely. I mean, literally three weeks ago, $250 an ounce today, $438 an ounce with the amount of dollars out there and the amount of silver coming out of the ground. This is where silver should be. Right. So, so I’m looking at that and it’s like, what caused it to go from $250 to $438 in three weeks? It’s a simple answer. Silver is running out coming out of the mines and they’re printing money like there’s no tomorrow.
That’s the only way that that number gets to that point. So all of the stimulus money, all of the inflation that’s being caused by the stimulus money and the unrelenting printing, I mean, even even Kamala Harris kind of addressed this and she didn’t say the real reason, but she said, we have to put price caps on groceries because people can’t afford food. And the inflation over the last four years has been so great since COVID that we have to do something about it. It’s like, Hey lady, you’re in the white house. That’s your inflation.
You can’t blame it on Biden. I mean, but that’s what they’re doing. If they’re the Kings and Queens of deflection. But the point is even she knows that there’s massive inflation because they’re printing money like there’s no tomorrow. So she wants to turn into this communist nation and have price controls on things, which is going to mean there’s going to be no food on the shelves. Right. So, so with that, even LT, even if I’m the dumbest economist on the planet and I’m 75% wrong and silver only does 25% of what it should.
Oh, it’s 25% of 438. That’s still over a hundred dollars an ounce. I mean, this could be the time of a generation to look at what’s in front of us. And like we talked about earlier, it feels like Sodom and Gomorrah and everything that’s good is considered evil and evil. Good. When we see, identify these kinds of things, we can take advantage of them and at least financially we can have some peace. I’m not talking about everything else. I’m just talking about financially. There could be peace in the midst of the storm.
Yeah. That’s amazing. I mean, you’ve got so much here today. I mean, we even talked about gold hitting the price hits another record high in Chinese demand. Um, this article was sent to us by you. I mean, we’re watching silver and gold, a lot of amazing things happening despite the evil that’s surrounding us on the political side. Despite it. I mean, so the reason I bring this up and it’s going to be real short, China is gobbling up gold like there’s no tomorrow, right? So why are they doing it? Because they’re seeing financial collapse and the decline in the U S dollar.
So they’re allocating into gold to protect themselves. So when gold is in a bull market and gold’s at an all time high, it keeps setting new records like almost every day. It’s at an all time high, but in a bull market and gold still history tells us silver outperforms. It does better than gold when gold’s in a bull market. So I wanted to bring this up because people say Kirk, why don’t I go in gold? Well, because silver does better than gold when gold is in a bull market. That’s why simple, simple.
So, so we’ve got that going on. And then there’s even more fundamental things that are happening, which you look at the next article that I had shared with you. This to me, silver set to soar and Samsung’s solid state battery breakthrough analysts. That’s a really good one here. Okay. This to me is the bombshell, biggest news for silver of the year, maybe forever. I mean, literally. So when you look at what silver is used for military applications, like torpedoes and missiles, aerospace, solar power, electric vehicles, fuel cell technology, and electronics, right? Okay.
So electric vehicles, here’s, here’s what’s insane about this. So if you have an electric vehicle, like a Tesla or, you know, something like that, the battery in those things basically has a, you know, mile. It can go about 400 miles before the battery runs out. It takes about 17 hours to fully charge the battery and it lasts about 10 years. Okay. So this new solid state battery that Samsung has developed has a 20 year shelf life. If we know the last 20 years, it fully charges in nine minutes and it has a 600 mile, you know, before empty type range.
It’s like, what 600 miles charge an entire electric vehicle in nine minutes. And it lasts 20 years. This is going to change the electric vehicle market, right? Because if you’ve got that, now, what, what are those batteries made out of these new solid state batteries? To actually fuel a car with battery power, like a normal electric vehicle, it takes about one kilo of silver in these new batteries. Right. So that’s 32.15 ounces. So you take the number of electric vehicles that are sold, you multiply it times 32.15 ounces, that comes to about 16 million, oh, where is it? You’ve got 25 million tons of silver that are basically manufactured or it comes out of mines every year, 16 million tons.
This is amazing. It’s 63% of all the production, all the production coming out of mines is now going to be used for this one application, electric vehicles. So the projection from that is, this is such a game changer and solar power is going to take even more of silver, right? So the projection is silver is going to run out in 2025, run out, right? So now what? What if silver runs out? Well, they’re expecting the price to hit triple digits in 2025 because of this new demand. Why would an electric vehicle car manufacturer not want this new battery that can fully recharge in nine minutes? To me, this is one of those kind of black swan events.
Now the people at Samsung wouldn’t say it’s a black swan event event. They say we’ve been working on this technology for a long time, but now that it’s developed, this is a game changer. So who wins in this? The people who win are the ones who own the commodity that they are going to need, right? Which is silver. So I’m so excited for all of the end we know listeners who over the last year have allocated into silver because I think immediately we’ve got this technical pattern where silver will probably hit $50 an ounce before the end of the year.
And then going into 2025 with the new demand, it could take away all of the available supply and you see triple digit silver next year. Oh my goodness. I mean, literally now is the time to reallocate, reposition, get into that strength and we can actually be happy, happy in a time where everything is kind of falling apart, right? It’s like, hmm, we get to take advantage of these trends rather than the trends taking advantage of us. And I needed to correct my numbers there. It was 16,000 metric tons, not millions. So 16,000 tons of silver used when the annual global output from the mines is 25,000 metric tons.
I mean, but the number is still the same. It’s 63% of all the mining production. Crazy. Yeah. So this is huge. Those that jumped in to silver long ago, I mean, they’re already watching a huge increase has happened. And man, if there’s ever a time to get involved in biblical principles of precious metals, now is it. If you’ve been on the edge, that’s for sure. What a great report today, Dr. Kirk Elliott, man, really appreciate it. And again, reminder for folks, simple, scroll down below the video or the podcast, you’ll see a simple link that you click and we know.com forward slash gold, you can type that into your, just into your browser, and you’ll be able to pull up information that allows you to connect with Dr.
Kirk Elliott and get involved in this now before, before it just starts skyrocketing. And you’ll just say, I wish I would have done it then. And you don’t want to do that, of course. So it’s absolutely amazing. Thank you so much for this report, Dr. Elliott. What a great inspiration you are to so many. Oh, thank you so much. It’s my pleasure. Yeah. And so for now, I just want to let everybody know we’ll have you on again, hopefully next week to continue this report. In the meantime, we’ve survived the DNC conundrum and we’re hoping for a great election here in November.
So let’s keep the reports coming. God bless you. Have a good day. [tr:trw].
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