Summary
➡ The article discusses the potential economic crisis due to the increasing national debt, which could reach $40 trillion next year. It suggests that the current economic strategies, such as lowering interest rates, might lead to an inflationary bust similar to 2008-2009. The article also speculates about political motivations behind these economic decisions, suggesting they might be designed to damage the incoming Trump presidency. It ends by emphasizing the need for personal financial responsibility and the importance of making wise choices to avoid debt.
➡ After the election of Trump and the Federal Reserve’s decision to lower interest rates, there was an initial overreaction that caused gold and silver prices to drop. However, experts believe this was a temporary dip and predict a bullish trend for gold and silver in 2025 due to inflationary pressures and political chaos. They suggest investing in tangible assets like gold and silver, which perform well in such conditions, rather than keeping cash in banks. Many people have found peace of mind by moving their investments to these precious metals.
Transcript
They view their currency as monopoly money. We’re not gonna invest in America anymore We’re gonna start putting our funds in other treasuries around the world Whether it’s a BRICS nations or European bonds or Japanese bonds or whatever, right? So so it is important that they start to rein in the spending side rather than just Continually focusing on the income side because when you look at what we bring in as a nation I mean, it’s what pushing over six trillion dollars a year. I mean, that’s that’s a federal tax revenue. That’s really good Right.
So so if you can’t work within those means you got a problem. So but but politicians throughout time Have never looked at the spending side generally they always look at the income side. Oh, let’s raise taxes Let’s just keep printing more money. Let’s just make it happen but but ultimately the cost of servicing the debt becomes too much and This is how the Roman Republic fell lt. I mean when you look back Why did Rome fall? Well, they they didn’t get attacked from an invading army, right? They they crumbled from within and so it was way back then Some some guy named Clodius who was running for tribunal.
This was like in maybe 56 BC or something like that, you know wait before Jesus, right? So so he decided hey, I want to get votes I really want this government position here. And so I’m gonna promise people free grain for their votes and You know that guy that nobody’s ever heard of might be one of the most successful politicians of all time in the sense of look his policies are even being mimicked today, you know So let’s just give people free health care free cell phones free this free that and then we’ll continue to get their votes And that’s why we just continue to spend but but Rome fell When one third of the population of Rome was getting government assistance They they crumbled from the weight of their entitlements and it was only one third well, why Elon Musk is pitching a fit here as he should like you and I have been sounding the warning bells for Well over a year and I’ve been doing for like decades You know is is you’ve got to reign that in because now And when you look at the federal budget LT 80-plus percent goes out towards either mandatory payments or entitlements Eighty-something percent when you add Social Security Medicare Medicaid women infant children programs food stamps It’s it’s 80% not a third if a third of the government, you know coffers caused Rome to fall So where are we this is why? Trump really does need to make America great again needs to bring manufacturing back to America needs to get people working and making money and spending right because if we don’t We will go down the same fateful path that rum did right because and you look at it though At Rome, it’s a city.
This is Italy still there. Yeah But the but the Roman Republic is dead, you know, the people’s way of life changed the people will still remain But but it’s gonna be different which is why they really need to get this thing figured out Right, right. You sent me this this headline today from zero heads jobless claims improve Quarter three GDP revised higher but another manufacturing survey collapses Yeah, what’s it? What’s all this about? More mumbo-jumbo pretty much So so the mainstream media the talking heads on financial news networks, they’re celebrating There’s absolutely celebrating the fact that the jobless claims are getting better Which means what more people are working there’s things see look our economy is working.
It’s like, okay What a foolish thing to say and people that are financial experts or financial commentators know this It’s December for crying out loud the jobs that are being created are seasonal temporary jobs for the holidays Right. So of course that number is gonna look better but the but the bigger thing is which is Absolutely contradictory to that first statement is the manufacturing numbers came out. They’re collapsing like one of the worst Downfalls in manufacturing numbers that this country is seen, you know outside of covid right, and so so when you look at that, it’s like wait a second if if the number of people that are jobless is Decreasing that you would think that manufacturing is increasing But it’s not it’s the opposite.
So so that tells me that one of these numbers is false The manufacturing number is not false. The economy is not on solid footing, right? This is where Trump wants to bring it back He he wants to bring manufacturing jobs back to America because if we don’t we’re not going to have income. It’s that Manufacturing base of people working people building things when you build things people from all over the world will buy our stuff Especially people in America because when Trump and access tariffs and implements them All these foreign goods are gonna be way more expensive and oh, but we brought manufacturing back to America We’re producing our own stuff.
See, this is an amazing plan but the fact that manufacturing numbers fell off the cliff and Yet they’re bragging about there’s more people working right now That’s it. That’s a phony baloney story. And if they would just tell the truth People are working right now because they’ve got part-time temporary holiday jobs Yeah, this one right here the Philly Fed manufacturing survey collapse from negative five point five to negative sixteen point four dramatically working the plus two point eight expected and Far below even the worst Analysts expectation. I mean look at the red drop.
That’s huge. I mean, I mean you look at the at the Offset of what they were expecting. They were expecting plus two point eight and they got minus 16 so that’s I Don’t even know the math on that is so bizarrely off and bad. How could you be that bad? I mean normally if they’re expecting two point eight and got two point five or one point something to say Oh, well, we misinterpreted a little bit. But how do you go from plus two point eight to minus sixteen? I mean that they they don’t have a clue but they’re but they’re not focusing on that now You know who might be focusing on that the stock market Right that the big banks who Understand why money flows the way that it does and why money goes into the stock markets why the Dow The day after this came out was down 1100 points Right and and the Fed see this leads us into another story Which is the Fed has absolutely no idea what to do with our economy Right because when when the FOMC meeting met They lowered interest rates by a quarter of a point Okay, so this okay this is going to have dramatic implications down the road right because throughout history of our country If you lower rates when we’re at the top of an inflation cycle, what happens? The inflation gets worse and you go into a recession because people can’t afford to buy anything Because you you lower rates to stimulate an economy which means okay If the economy stimulated more people are working more people can actually afford higher prices.
And so Inflation goes up when you lower interest rates see they use interest rates to slow down inflation So why wouldn’t they keep rates the same or raise them? Right. This is the dilemma that they’re facing right because that’s how you would slow down inflation But they didn’t they lowered interest rates, which tells us one thing it tells us that they are actually Comparing two evils and they’re making a decision in their mind Which is the lesser of those two evils and the two evils are either we let inflation persist by lowering interest rates or They would have to raise interest rates to slow down inflation, but that would kill the economy because we are in so much debt Right when you are in debt up to your eyeballs.
I mean like last week. We were talking about how We’re on pace to actually hit 40 trillion dollars Possibly next year on our national debt 40 trillion I mean so imagine if interest rates are going up and you’ve got that much debt Well, it’s not just the federal debt that has debt Companies have debt individuals have debt foreign countries have debt, right? So we’re entering into a debt kind of super cycle and and Here’s here’s where they are kind of deviating from a message Or should we be dovish or should we be hawkish? Should we lower rates or should we raise you know and so Jerome Powell doesn’t know what to do But his actions are telling us one thing and that is With it higher prices people aren’t going to be able to afford as much which is why when you lower rates and during times of Inflation it always ends up in a recession, but we are not going to get an inflationary boom Because they’re lowering interest rates, right? The goal would be all you lower interest rates you encourage people to spend because the cost of debts coming down blah blah blah I think what they’re telling us is we’re gonna get an inflationary bust like we had in 2008 2009 and so so this is where I I think the The harm and the future damage coming in to the Trump presidency It’s possible LT that they’re trying to make it as bad as humanly possible You know in the last month before he gets in So because if it collapses while he’s in guess who’s gonna get the blame Trump He didn’t cause it.
He was not the one that’s causing us to have 37 trillion dollars of debt He is not the one who shut down the economy During kovat and mom-and-pop businesses retailers all had to dig into their savings use everything that they had just to survive and Then they still had to close up. Anyways, see he’s inheriting an empty refrigerator So, how do you start to build on that? Well, if you make it bad enough on your way out Or it doesn’t collapse right before they leave but it collapses when the next person’s in charge Well, then they’re gonna get the blame for it.
Not you I have this weird gut feeling that that’s what’s happening here because some of these decisions make absolutely zero sense Yeah, I mean we’ve had talks like that with just amongst my friends and we feel like they They have something up their sleeve that they want to do and it just seems like they are going to throw Everything they can at them the day after January 20th I mean we have one guy come out saying all these viruses are just gonna appear out of nowhere and they’re gonna appear January 21st And this is how they’re gonna affect the entire earth.
And then we hear it looks like the All of the exchange is gonna crash right around the end of January It’s like it’s like they want to throw everything at him because they’re so angry that they’re getting exposed and all these people are gonna basically Have their whole lives and did these evil ones and what are they gonna do when they’re thrown against a corner? They’re just gonna explode. That’s what it seems like for us to in our conversation It does and it’s not just okay It’s not just the left that wants to eat Trump alive, right? The left wants to eat the left alive you you look at Jill Biden’s on the warpath right now Because she can’t stand the Obamas and she can’t stand the Clintons and she can’t and Kamala and Joe’s depressed, right? So so she’s always been power-hungry.
She wanted to be the first lady, right? So now she’s encouraging Joe It’s like go after the jugular and all those these people who got us pushed out And it’s our own party that decided to push us out because she really wanted to be the the first lady, right? So so we’re gonna see a lot of weird things happen between now and January 20th and I have a feeling that God wants to expose a lot of things And I mean and so whether it’s the left eating the left or the left eating the right or you know It’s the Elon Musk exposing the mayhem of our debt But I think and that’s spending bill Do you see the size of that spending bill and had to have been a thousand pages? It’s like what? What I mean, that’s just insanity So and then you know to boot you’ve got other things that aren’t even economic that ultimately will lead to economic things like The drones that are all over New Jersey and now other parts of the war country It’s like what are they were they Iranian were they Chinese? Are they American drones? Well, they’re probably American drones, right because I’ll say be shot out of the sky But what are they sniffing for nukes is the story, right? So so what are they what do they want? Then I saw that Ted Cruz is Pushing to get his original bill from 2018 on drone surveillance extended, right? So so maybe you scare people enough or say oh, yeah, we need all this kind of surveillance, right? We don’t know what’s going on or is it that they want to plan something even more insidious? Right that the Trump needs to inherit so and by doing that Literally the left I think might be playing a very smart but evil game Which is you don’t just hurt Trump in that You you hurt basically the conservative well Republican Party moving forward It’s like they’re the ones that caused the biggest economic collapse in the history of our country, right? So so I think there’s a lot of politics here, but we have to always remember Everything economic is always a function of politics Whether it’s are they going to increase spending or lower are they gonna increase taxes or not? Are they gonna put tariffs on things or not? What are you know every fiscal monetary spending bill every stimulus every entitlement that cost money? These are political legislative actions that always have an economic result And so a lot of times that’s what I look at.
I just don’t look at the charts I don’t look at the trends and is something overbought or something oversold You have to look at the bigger picture and what is where are we politically and what are they spending their money? Right. So so I just see this this debt collapse coming Thankfully, you’ve got people like Elon Musk and Trump who really want to tackle some of these things and in clean house In clean house, but but here’s where Even if they got rid of the Department of Education Right and and the two trillion dollars that that Vivek and Elon want to eliminate from the budget.
Well two trillion That’s not what are they gonna have to cut? They’re gonna have to cut entitlements if they go all the way up to two trillion and they get their way Because you you can’t cut You know, I think the whole entire Defense Department budgets just a little over one trillion Like okay. So what are you gonna cut? You know Department of Education isn’t that big? So they’re gonna have to start digging in To the handouts that people are getting which should be temporary bandits to help somebody in a time of need But it’s turned into a lifestyle and that’s why we have the debt that we have but but this is where I think they’re gonna Have a hard time in Congress, even though that the house is right, even though the Senate is right I think they’re gonna have a hard time getting some of these Spending cuts approved because these politicians want to get reelected So Trump’s got a battle in front of him.
He really does and whenever there’s a battle You know, I I I heard this sermon a Couple weeks ago. It’s like on the other side of any fight is What you were born to be right and it’s like and so you there’s gonna be battle there’s gonna be tension But when you get through that then you decide oh, wow, God, you created me for something great We got through this fight and I’m still standing and we’re victorious and life is better and We just have to We just have to get through some of these things and do what we have to do With our own personal finances.
Once you identify these trends you identify these problems Well, God’s never gonna give us something that there is no solution for You know, he wants us to choose He wants us to choose Jesus right if there’s consequences if you don’t he wants us to choose not to sin because there’s consequences if you do Right. He wants us to choose to Live free and be out of debt because there are consequences if you don’t right God is a God of amazing choice that we all get to Partner with him on and hopefully we don’t make bad decisions in life.
That’s right Yeah, speaking of decisions. Um, he sent this Regarding gold the feds hawkish signal sparked gold jitters, but analysts support for the precious metal 2020 Well, so we’ve talked about this some and Not oddly enough Now major economists are starting to say the same thing that we are which is what whenever you have something big that happens Trump winning the election. There’s always a knee-jerk reaction right and in some Form or fashion. I’m just like when the when the Fed lowers or raises interest rates There’s always a knee-jerk reaction and overreaction that the following day and maybe even weeks sometimes, right? But then once the dust settles People realize why I think I might have overreacted on that one You know, even though Trump is president and he’s going to change the economy here He’s gonna bring jobs back in the US is gonna be great.
There’s still debt all over the world There’s still unrealized, you know losses on commercial real estate in China and in Japan and all over the world You still have a debt super cycle. That’s spending itself out of control, right? So so ultimately the markets realize, okay That was just a that was an overreaction. Nothing really changed globally. Well After Trump’s election gold and silver came down right for like a few weeks after the Fed announced this week that they were going to only lower interest rates a quarter of a point and Then moving forward they were going to slow down The the rate reductions.
I mean that was the biggest announcement of that announcement Not that they just did a corporate point, but they’re seeing what does that tell us that sells us? They know that there’s an inflation problem Right. And so this is why the forecasters now an economist around the globe are saying Alright, this is like a little reprieve for the price of gold and silver But we’re seeing very bullish things gonna happen in 2025 because they understand The inflationary pressures and the political chaos that are all fuel that causes gold and silver to go up Those things are fuel that also causes normal traditional debt and equity markets to come down but this is where we’re just looking at the problem and We have a solution right and and the solution right now isn’t just sitting in cash It’s not not when you’ve got inflation where it is Not when interest rates are where they at five years ago, if you just said oh, I’m just gonna sit on the sidelines I don’t know what to do.
I’m just gonna put my cash in the bank Well, that was great when banks weren’t under capitalized and FDIC only had 1.1 7% of all deposits covered It’s a different world, right? So navigating through that which is why I will shout it from the rooftops every single week allocate into safety Right and to something that’s tangible into something that’s real that actually does better During times like this than other asset classes do that’s right. That’s right. I mean that so many have been reaching out We did ourselves and I’m so glad that we got out of the fiat part for IRA and brought it over to you and With silver, I mean it’s been growing and man.
It’s just tremendous to watch this this whole Scenario play out for us the past almost two years now and we’re grateful to you and a lot of folks have been reaching out and in our family and friends and man, they’re they’re feeling just a sense of peace this year after after giving you guys a call and They’re moving everything over to you guys. It was it’s just been a marvelous thing to watch It’s been a it’s been a good journey and the journey isn’t over it’s like Lord of the Rings It’s like it never ends right? So so it it’s this is just the beginning I mean, this is why the things that we’re seeing now is why we did what we did and now that you’re starting to see The fruit on the tree of Wow, everything that Kirk and LT have been talking about is actually manifesting itself and getting worse The best is still yet to come for your precious metals allocations and take advantage of the dip Not saying that it wasn’t a big dip.
It was a big dip right and people are saying Kirk Did I make the wrong decision look at silver came down? It’s down like two dollars in the last week and a half It’s like yeah Allocate into the dip because fundamentally nothing changed. It’s the overreaction Allocate into that strength on a temporary low price. That’s right. That’s right And they go to and we know comm Ford slash gold in the description box below. There’s also a phone number they can call. Dr. Elliott Yes, seven two zero six zero five three nine zero zero at seven two zero six zero five thirty nine hundred and just say that I’ll teach that yeah Now it’s Danny.
Thank you so much. Dr. Kelly really appreciate these updates man. Just warms my heart and Hope you have a wonderful Merry Christmas and a great new year. We hope to talk to you again soon Sounds good you too
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