➡ Dr. Kirk Elliott discusses the current political and economic climate, highlighting the increased attention on cabinet positions and the potential impact of government efficiency. He also mentions the global economy’s ongoing issues, such as unrealized real estate losses in China and the potential for a central bank digital currency. Elliott further discusses the market’s reaction to recent geopolitical events, including tensions between Russia and Ukraine, and how these uncertainties can affect the stock and bond market, as well as gold and silver prices. Lastly, he expresses concern over the U.S. deficit, noting a significant increase in government spending and a decrease in tax revenue.
➡ The economy Trump inherited had a 45% difference between spending and income, which is unsustainable. Changes, such as cutting government spending and lowering taxes, will take time to implement and show results. Banks are increasing interest rates, indicating they believe the economy will struggle in the future. Despite Trump’s efforts to improve the economy, it will take time to undo the damage, and banks are preparing for potential loan defaults and delinquencies.
➡ Amidst global tensions and uncertainties, gold and silver remain reliable investments. Despite the rise of digital currencies, countries like the United Arab Emirates and BRICS nations are increasing their gold holdings, indicating its continued relevance. The recent conflict in Ukraine has also led to a surge in gold prices as investors seek safe assets. Experts suggest buying low during price dips and selling high, as this is a fundamental investment strategy.

Welcome back Dr. Kirk Elliott to our show and we know .com forward slash gold in the description box below you guys can have the same conversation I’m having with Dr. Kirk Elliott or anyone on his team by clicking on that link is absolutely amazing these updates have been flowing in during a crazy time to be alive yet exciting we’ve been watching these appointments uh you know one at a time it’s been the hit list for the NFL everybody’s paid attention and we’re having a blast we’re having a attention to this stuff Dr.

Elliott seven eight years ago people can care less now everyone it seems like is involved they’re either fighting about it or they’re excited about it but bottom line is everybody’s paying attention they’re watching what’s going on with the uh with all the election stuff and they’re also watching what’s going on with uh with all the money that’s uh flowing throughout the world well these so these cabinet positions are it is you’re right you know i didn’t even years and years ago nobody cared it’s like i don’t know who the all these cabinet positions were but yeah but now when it’s a referendum against what was right and these people are going to really do something good you know i i’m looking at elon and vivac and what they’re going to do with government efficiency and hopefully the department of education goes away right and i think i think everybody’s on notice it’s like all right if you got a government job you know get ready to pack your bags because it’s probably not needed right it’s like it’s just wild to think about all of this stuff and then you know there’s going to be massive opposition to some of the appointments we’re already seeing it right and so it’s like i don’t know if they’re going to get confirmed or not we shall see but god’s in control of all of it and trump’s got plan a plan b plan c and plan d i bet already laid out so um but but yeah it’s been a wild week you know and and like we talked about last time when when we were just talking about the markets in general right is need jerk overreaction to the the election because trump is a great businessman he’s gonna he’s really gonna take charge and lower taxes and lower interest rates and create jobs and bring these jobs back to america because he’s going to put tariffs on foreign goods right it’s like okay that caused the stock market to go up gold and silver came down but now this week it’s like we we realized that these were just overreactions um trump is going to do great things i’m i’m not discounting that he is it is the referendum against the globalist agenda that’s overtaken america for years um but but the global economy is still the global economy right and and this is where now the dust is settling and people are realizing oh yeah there is still a lot of unrealized real estate losses and commercial real estate losses in china and oh they still do have a 10 trillion yuan stimulus that they’re proposing and oh there’s still a central bank digital currency that’s going to overtake most of the world you know maybe trump can stop that here and and oh what about what about the russia-ukraine conflict and israel against everybody it’s like so reality sets in and markets are adjusting already right stock markets you know pausing coming down a little bit um or a lot a bit i should say um the dollar instead of the massive rise up that we saw right after the election is starting to come down because things didn’t change globally they changed here domestically right and what we’re seeing now is like unbelievable when when you see what what biden is doing to provoke russia and possibly world war three it’s like what in the world and so so you know to put that part into context as i was watching it play out this week um when we understand the personality of markets they they don’t like like the stock market the bond market they don’t like uncertainty and chaos they like like we’ve talked about continuity and consistency of future expectations and whenever there’s a hurdle or a bump in the road people naturally pull back and they say well boy i don’t know what’s going to happen you know with this war and everything else that what’s that going to do the stock market what’s that going to do to my job what’s that going to do and it’s natural for people just to pull back stop spending stop investing and that impacts the market right so so and and the same thing though that same exact experience causes gold and silver to go up right it’s this flight for quality so so we’re always kind of in the balance here watching are the are the legislative actions are the geopolitical events that are happening are they going to cause the stock and bond market to go up are they going to cause gold and silver to go down or vice versa or what’s happening right so right so this week showed us that the trump election in the in the markets was just a kind of an overreaction and things are now starting to go up because the world really didn’t change but the world got worse like in an instant this week when when putin and i know that you’ve talked about this on your show but putin signed the the nuclear doctrine you know that said you know first strike if if any country invades russia with even conventional weapons we can retaliate with nuclear force right right so so he does that then within the same proximity of time biden and and i i don’t mean to make light of this because world war three is not a funny thing right but but biden’s response was just so bizarre it’s like he shows up in a rainforest and he and it’s like where was he why is he in a rainforest and why is he coming out like gilligan on gilligan’s island to a little 45 second press conference and says yeah we authorize the use of of the um ad accounts the the long-range ballistic missiles on russia and then he like leaves the post it’s like what and then ukraine uses them and and blows up some military targets deep in russia and so all of this happens after the nuclear doctrine was signed it’s like what comes next really what does come next and so when i see all of this i look at everything from uh from an economic perspective because that’s what i do right and the markets reacted horribly to just that one event right it just shows how fickle things are how the stock bond market was going up right after trump election now that that announcement happened and and ukraine threw missiles into russia and stock markets a japanese stock market the european stock market german stock market the dal they all were down like tremendously and gold and silver start spiking up again and it’s like this is this is the world that we’re living in we are going to have chaos for quite some time that’s right that’s right and and so anyways that’s just kind of what i’ve been just looking at this week as things started to unfold and it’s like some things just didn’t change you know one of the things that you wanted us to look at here was the u.s deficit explodes blowout october deficit means second worst start to u.s fiscal year on record what’s this all about okay so this one’s scary in in in economic sense so in the last 30 days you know because the the government’s fiscal year ends the end of september so october is the beginning of the new year you know monetarily for things right which is generally why you have an october surprise on the markets right it’s why we always have the debt ceiling talks and at the end of september it’s like how the government’s running out of money and and people look at the the dramatic nature of how little money we have and how much we’re spending and so when you have this october stock market surprise shouldn’t really be a surprise they’re looking at these things that come out so over the last 30 days lt um the government spent 586 billion dollars okay so you you multiply that times 12 because that was the last month so you extrapolate that out they’re on pace to spend seven trillion dollars in a one-year span now so you couple that with how much money did they bring well they brought in 324 billion dollars worth of federal tax revenue so so i’m doing the math here it’s like okay you’ve got 586 minus 324 you’re looking at roughly three trillion dollars of new debt is what they’re on pace to add this year but to me when you look at the numbers as percentages so that that increase in spending equates to a 26 percent gain in spending from the last year that that tax revenue that came in the 324 billion that’s a 19 percent less government revenue so you’ve got spending that went up 26 percent you’ve got revenue that came down 19 percent so you add those two numbers together and what does that come to it’s a 45 percent differential between spending and income and that’s absolutely unsustainable the reason i bring this up is because this is what the economy that trump inherited right and so people think oh trump’s going to come in he’s going to start you know take taking names on day one he’s going to change things right away this stuff you can’t change right away right but it’s going to take some time to play this self out now he is going to do great things and and when you’ve got elon and vivac in there that are going to cut government spending so that’s going to cause the the expenditure of that 500 plus billion dollars in a month to start to come down when you start to lower taxes or eliminate taxes and rely on foreign tariffs that’s going to cause the income to basically come up over time but this is all going to take some time right so so who else is thinking that oof this is going to be maybe a little rough road right so i sent you and i were talking and and i sent you this article on on mortgage rates right so to me mortgage rates are the most sensitive of all rates to um what the economy is going to look like moving forward and here’s here’s the reason why so over the last 60 days the fed lowered rates 50 basis points and then another 25 the two days after the election right so three quarters of a point reduction in interest rates in the last 60 days so if people who don’t know what would think that wow they lowered interest rates my mortgage rates are going to come down my credit card rates are going to come down this is going to be amazing no it’s not really how it works right because the rate that the fed lowered is the rate that banks lend money back and forth to each other for right so that’s their cost of capital so they’re getting capital for cheaper now which should stimulate the economy but what are banks doing so on the mortgage rates you know it’s hard for for anybody to be as good as what they think they are so here’s here’s what i mean so you and i don’t even know what’s going to happen tomorrow right it’s like we don’t know try being an economist for a bank that says hmm i wonder what the economy is going to look like 30 years from now and i wonder if these people that we’re giving loans to if they’re going to have jobs what interest rates are going to be what’s inflation going to be like what’s the housing market going to be like 30 years from now it’s hard it’s impossible it’s absolutely impossible so what they’re doing is when you’re a bank and you’re giving let’s say lt that you decide you’re going to buy a house for five hundred thousand dollars okay so you apply for a loan and you have to qualify for it and the bank gives you five hundred thousand dollars then then you pay the seller right so now with that that’s a lump sum and now you have to pay that back over 30 years or 15 years whatever your mortgage is right right so that’s private bank money that’s their money that they say hmm um we don’t know what it’s going to look like next week or a year or two years from now so we’re going to start jacking up interest rates so if they start jacking up interest rates you know that the banks think that moving forward the economy doesn’t look good right so what are interest rates now on 30-year fixed mortgages look at that chart they’re exploding they’re over seven percent now on average on a 30-year mortgage while while the fed keeps bragging about lowering interest rates mortgage rates are going up so our credit card rates which is why trump said hey one of my policy proposals is i’m going to put a cap on credit card rates at ten percent you know so because i’ve got good credit i well i think i mean i don’t even have credit i i try to pay cash for i mean i don’t like credit cards right but i do have credit cards i just pay them off every month but i know i’m like my american express that i have i think the interest rate’s like 24.5 percent or something silly right what so what trump wants to do is cap credit cards at 10 percent so in theory that would cause growth in the markets now i’m afraid and and this is would be my prayer for america is that if if your credit card rates normally over 20 and and trump can cap it at 10 that’s half right so your payments would go down in half use that extra to pay off your debt don’t use it to spend but most of america is going to see that oh i have an extra 150 dollars every month i’m going to spend it right so so that should actually stimulate the economy i’m not saying i agree with it but it should so but you look at what these banks are seeing they’re not looking 30 years down the road they can’t nobody can they’re looking at over the next one to two years is there a potential for default or delinquencies on this mortgage that we’re going to give so so when one to two years even if trump started today that’s going to take one to two years for him to start to unwind some of the damage that’s been done which was biden’s economy right so this is what they’re looking at right even though trump’s going to grow the economy they’re saying there is turbulence down the road we’re probably going to have delinquencies and defaults because we can’t even with trump who could work magic basically in the markets and by actually creating jobs bringing jobs back to america making foreign countries pay for our expenditures right through tariffs um it’s going to take a while lt yeah and these numbers are showing the horrible economy that he’s inheriting which the election showed us that people know that it’s a horrible economy you don’t win in a landslide like he did if people actually believed biden’s numbers that that the economy was doing good and they were creating jobs that’s right that’s right yeah especially with um the news media losing touch with everyone and we’re starting to see that most folks are turning into podcasts and going on x and stuff to get their information they’re figuring this stuff out and you know it kind of goes across the the c2 to other places you sent me this article uae surpasses linda to become the world’s second largest gold hub as asian demand grows yeah so this one was really interesting to me and i’m going to take this a little more philosophical in my explanation so if you look back at the history of money lt like from the very from the very beginning ancient times money was was basically barter right you would trade beads or rocks or whatever to each other to survive right and then a barter system turned into gold then a gold system turned into paper at one point first it was paperback by gold then they took that away then it was just paper and about 40 50 years ago paper was replaced with plastic right credit cards right now we’re entering into a new even new paradigm where plastic is going to be replaced with cryptocurrency right some kind of digital money it’s it’s the it’s the lifestyle and and what we’ve seen happen with with money right it’s just it’s the nature of things banks want central bank digital currency you’ve got bitcoin decentralized blockchain we’re moving one constant that’s last from the very beginning until now gold right this is why you want why the bricks nations want 40 percent of their new bricks currency unit backed by gold so why central banks are allocating into gold by the hundreds or thousands of tons so i think we’re going to be moving into almost a parallel system where the age of central banks creating fiat money is over right and you’re going to have either cryptocurrency or tangible assets like gold and silver or maybe a combination of both right right so so as we start to move forward this this article tells us what the world is thinking and how the pendulum has shifted from the west to the east so the united Arab Emirates a bricks nation right they’re part of bricks um they surpassed london to become the world’s second largest gold hub well this makes sense because china’s got thousands of tons of gold backing up their currency russia has a thousand tons of gold and now the added silver is strategic backing for their currency india has 600 tons of gold so this pendulum has shifted from london and new york to beijing as the bricks nation start to control the monetary you know framework of the world right well are they seeing cryptocurrency no it’s gold right so in all of this talk about how we’re all going digital there’s one thing that remains true the turbine even these big banks the united Arab emirates the bricks nations have surpassed the west and their amount of gold holdings what does that tell you tells you that it still is not just relevant it’s huge and they expected to be part of the monetary backdrop moving forward hmm you know you had sent this one also the gold hits one week high as the rush in Ukraine tensions boost rush to safety well and that’s that’s the um the consistency and continuity of future expectations right so when you’ve got the Ukraine conflict and who’s what’s going to be the spark who’s going to have the trigger finger what’s going to happen is Putin going to respond with nukes really is he going to go down the mutual assured destruction route maybe i mean he’s basically calling for all out war against nato and the united kingdom and the united states are backing Ukraine with this this missile strike on Russia it’s like it’s it’s just weird LT it’s weird right and so so with that there’s always a flight for quality when there’s tension and this is why gold has has turned around from gold and silver coming down after the trump election to the dust settling and now starting to rise and so all it takes is a spark to to wake people up and think oh yeah oh yeah look at this is the way it was right before the election that actually didn’t change you know Russia didn’t become friendly overnight right now and the debt didn’t go away globally and this is what we’re starting to see happen and the trend line that we were seeing the massive trend line and gold and silver is now took a brief two-week pause and now it’s going up again and so i wanted i want to encourage everybody it’s like if if you’re sitting on the fence you haven’t allocated the things that you’re thinking talking to your spouse about it’s like we should allocate into some silver here i would do it right because we can take advantage of the two-week lowering of prices that we’ve seen buy in on the dip and they grow that’s just what every wise and prudent investor should do buy low and sell high that’s what investing is all about that’s right that’s right you know it’s interesting because you’ve you’ve called out for this i mean past few weeks you’ve let everybody know that hey silver it’s a great time to get involved right now it’s probably going to go back up you know it’s time to jump in and and so we’ve get those warnings um you know over the past uh almost two years now from you and it’s always worked out perfectly and it’s been great for so many folks have reached out to you and um you guys when when somebody reaches out and they click on that link or they they give you a call what what can they expect well hey they’ll they’ll expect to hear a smiling voice because our goal is in in a world where there’s uncertainty and fear and a lot of times people have never invested in gold and silver before i don’t know what to expect we want to make it really easy and and so you’ll you’ll either go to the link and we know dot com forward slash gold or call us at 720-605-3900 and just say lt sent you and you’ll talk to one of my schedulers they’ll they’ll ask you a few questions like what are you what are you wanting to protect you have an ira or non-ira or what are you thinking you’re doing right and then we’ll put you on the calendar with one of my amazing consultants and this is where we start to dig deep for you right we we hear your concerns we hear your fears we hear your goals and your aspirations and what you want to do and we’ll map out and create a strategy for success moving forward using precious metals as the safety and growth vehicle to hedge against your other paper assets and other things that you have to move forward and put a smile on your face and go to bed with the peace in your heart and in your mind knowing that you’ve done everything you can do at least financially to take advantage of this wild world that we’re living in right now yeah yeah it’s amazing i mean you guys have been supportive and the calls have been ringing in and you guys even pray with folks if they anywhere it’s been phenomenal i mean just the what you’ve done for so many throughout the united states it’s been phenomenal for us also as we were able to get our ira switched over in silver and we just been you felt a sense of relief even after we did that for our own ira’s my wife and i and we’re just so appreciative of you guys it’s been i mean that’s just a great thing feeling protected really does well it’s what we’re here for i mean i it’s one of the one of the blessings when your job your occupation melds and and converges with ministry and this is what we do i mean we love to pray with so many people i i wish we didn’t have people to pray for right we you know wish people were happy peaceful and doing great but they’re not this is a scary world and we love to be able to pray and bring peace and and healing into a situation and this is what god wants all of us to do is be there for each other um and you know it’s a rough world but we’re here together we get to go on this journey together and that’s what excites me about all of this yeah amen amen thank you so much dr kirk kelly i mean what a great update today reminder again of this the gold and the silver continuing to go back up again after a dip and all the things that are going on in the world we could still come to our heavenly father in prayer and work together on this it’s been absolutely amazing so i’d like to close in prayer if you would yeah let’s do it father thank you so much for dr kirk elliott for their team for all that you continue to do through their lives thank you that they’re available for folks spiritually also and um this chaos that we continue to see play out all around us we do ask for comfort and rest and peace through this all we know only you can provide this also protection over there um all the people that work there um as we know the enemy is very angry at things being taken away from them uh what a what a strange journey but we know that you’ve been answering these prayers and we’re just thankful to you for that we ask all this in the name of your son jesus christ our savior amen amen thank you brother we’ll talk to you again soon all right sounds good we’ll see ya
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