➡ Dr. Brian Artis hosts a show where he discusses economics with his friend, Kirk Elliott, who has two PhDs. They discuss the current state of the economy, including the impact of tariffs and the role of pharmaceutical companies in the market. They also discuss the firing of the CEO of Novo Nordisk, a company that makes weight loss drugs, and the monopoly of Eli Lilly on diabetes drugs. Kirk Elliott explains the purpose of tariffs and their impact on the economy, and how they are being used as a negotiating tool by President Trump.
➡ The article discusses the economic and political challenges faced by the Trump administration, including conflicts with China and internal disputes over interest rates. It suggests that Trump’s tariffs could potentially boost the American economy by making local goods cheaper and creating jobs. However, it also highlights the downgrade of the US Dollar’s credit rating by Moody’s and the potential political backlash against Trump. The author believes that despite the current turbulence, the future could be promising for the American economy if Trump’s policies succeed.
➡ The speaker discusses the current economic state of America, emphasizing the importance of investing in precious metals like gold and silver as a hedge against economic instability. They also express skepticism towards the fast-tracking of new vaccines, suggesting natural remedies like garlic instead. The speaker encourages listeners to learn more about investing in precious metals from Kirk Elliot, who offers advice and services through his company. The speaker concludes by expressing hope for the future of the economy and urging listeners to embrace natural resources for their health and wellbeing.

Foreign. Hi everybody, I’m Dr. Brian Artis. This is the Dr. Artist Show. I am the host of that show and you are in for a treat. I’ve got Kirk Elliott, Ph.D. here with me, one of my long standing years buddies who traveled around the country helping us be awakened to the deceits and finances and the economy. And this guy’s got two PhDs. You might want to listen to him. You know who he is? He’s my friend, Kirk Elliott. And he’s going to bring us up to speed on what we need to know about economics. I don’t know about you, but I have to trust in people like Kirk Elliott to do their research, just like many of you trust me to dive into research studies that you because of life, family, housekeeping, whatever.

You don’t have time to dive into all that stuff. Well, I don’t have time to dive into the economic stuff and that’s why I trust Kirk Elliott. He’s a trusted partner of ours here at the Dr. Artist Show. You can find a link to his outfit at the trusted partners page. Just go to the homepage, slide all the way down, click it and go to Kirk Elliot PhDs button there. And it even gives you tell the Kirk Elliott that we sent you. You’re going to have a free consultation. You’re going to be blown away by the information and knowledge that he has.

All right, so on the cusp of watching, all I hear are rumors that NASDAQ and Dow and S&P 500 are going back up finally after all the tariff talks with Donald Trump. That’s about as far as I get into it. So it’s time to bring on the expert, which is not me in the world of finance and economics. However, I can tell you this, there are some companies making a crap ton of money off of Venom Lace drugs like Ozempic and Wegovy. But did you hear Kirk Elliott, I’ll bring you on here. Did you hear that the CEO of Ozempic and Wegovy’s company Novo Nordisk was just told he’s going to be fired? And this is amazing.

He’s been the CEO for eight years and he has taken this company to a valuation of $2.21 trillion in just five years. How about that? All right. And he’s going to get fired. He’s already on his way out. Isn’t that amazing? And they’re claiming and blaming that they have to get rid of him because the Ozempic and Wegovy drugs are losing their impact on the overall Weight loss drug market to Eli Lilly. You know what I say about that? I guess the Gila monster lizard venom narrative and clips we’ve been sharing around the world for the last two years has got the world’s attention.

That’s a dangerous drug. I don’t think anybody’s overweight and diabetic because they’re deficient in another creature’s venom. But that’s what the makers of Ozempic and wegovia want you to believe. So they got to get some other CEO in there to be able to sell more diabetes drugs than Eli Lilly. And nobody owns the monopoly on diabetes drugs, diabetes drugs like Eli Lilly. For the whole world it is a monopoly. And I thought there were regulations against monopolies here in America. I thought there were, you know, laws that protected from monopolies from occurring in America. But there’s only one in the whole world.

Eli Lilly owns 90% of all the drugs for diabetes. Welcome to the show. Kirk Elliott. How are you, buddy? Hey, good. Dr. Brian, it’s great, it’s great to see you. Is it true that the markets are going up? Yeah, I mean, it’s, it. So as we know, when, when people watch the news, perception is reality and in most of America and the world has knee jerk reactions to 30 second sound bites. Right? So, so what we then have to do is kind of sift through the madness and try to figure out what’s really going on. Because when you, if we take a few steps back on what’s happening, if you’re listening to mainstream media, you’re going to hear that Trump’s tariffs are bad, he’s going to create so much inflation, that’s terrible.

And he’s going to destroy the global commerce and this and that. Well, these are globalists saying that so what’s good for America isn’t necessarily good for the world, right? So you have to start listening to things with the right ears and the right filter. Because now if we go back, couple of months, you know, let’s just go back 60 days. And the tariff battle was raging, right? And we’ve got tariffs across the board. All these countries around the world, 20% China upwards of 4,145% with maybe up to another 100% on certain products. So bringing it up to 245.

And everyone says this is going to destroy commerce, this is going to destroy the world, right? So, so if I’m Trump, which I’m glad that I’m not, I don’t have that thick skin, right. It’s like he’s doing an amazing thing. But I would say, hey, look, all I’m doing is leveling the playing field here because over the last 40 years, we’ve had multilateral bilateral trade agreements that have actually been horrible for America and great for the rest of the world. World, right. You go back to nafta, like, so, so nafta, for example, and all the capitalist free market people said, this is so great.

We’re going to have free trade in North America and we can compete with Europe. Well, all that it did was be a benefit to Canada and Mexico and something horrible for America. How do we know? Two weeks ago, the CEO of Ford was, was talking, he was being interviewed and he said, you know what? Because of Trump’s tariffs, I am so glad to say that we’re going to be manufacturing in Ohio and Tennessee now. It’s like, wait a second, so Ford trucks, why aren’t they manufactured in America to begin with? Right. It’s an American company. Well, it’s because of nafta.

Right. They started manufacturing in Canada and Mexico. And then he went on one step further. But we still have a problem. We still have higher component prices coming in to finish off the manufacturing of all this stuff. And because they’re coming from other countries that are tariff impacted. So if I were Trump, I’d say, well, great, start manufacturing those in America too. Right. It’s like, why would you manufacture anything elsewhere if you don’t need to? So you’ve got this kind of going on. You’ve got. So what do tariffs do? Tariffs do two things. Number one is that they’re a revenue generating arm for America, just like the Founding fathers envisioned for us.

We didn’t have tariffs funded our country until 1913. From 70, 76 until 1913, it was tariffs. Then in 1913, we shifted to the IRS. Let’s tax the American people. Let’s tax the American people instead of other countries. So all that a tariff really is is the price of admission. If you, if you’re another country and you want to sell your stuff to the wealthy Americans, this is the tax you have to pay. And most countries would actually. Thank you for explaining that. I never knew that. Thank you. Yeah. So that’s all that a tariff is. So, so.

But over the years, all these multilateral bilateral trade agreements have been very negative. And we have to ask one simple question. If tariffs are so bad and so ugly, then why does every country have them on American goods coming into them? Right. It’s like, it’s because they actually work. So, so One reason for a tariff is to generate revenue. The second reason is when we are the United States and we’re the consumption engine of the world, we can use it as a negotiating tool. And this is what Trump is doing to level out the playing field.

So when we started laying all these tariffs on other countries, Trump said 20% across the board, some countries higher. So presidents of other countries got on the horn, called. Trump said, hey, we want to keep selling stuff, let’s remove this tariffs, let’s negotiate. So he leveled the playing field. Everybody except for China, right? So because Xi Jinping in China has a major problem, that is he’s shouted from the rooftops for so long, we will never bow to America. We’re the Chinese and we’re big and we’re the manufacturing engine of the world. We’re not going to bow to the west ever.

So if they were to negotiate on tariffs, he would be seen as bowing to America and lose political status. However, if he doesn’t do that, he kills the Chinese economy. So what is it going to be? And so ultimately he started to capitulate, right, which is the negotiating tool that Trump is using now to answer your first question of what’s this doing to the markets? So Trump ultimately said, okay, we’re not going to have 145% tariffs, we’ll have 30%. Right? And we’re going to negotiate. And this is a 90 day kind of hiatus. Well, the market’s exploded from that because.

But it’s like, wait a Second, it’s still 30%. It’s not like it went to zero. Everything coming in from China is still going to be 30% more expensive. It’s not going to be beneficial for China. But Trump is attacking them at just the most opportune time. Because in China, this global slowdown, because of all the stimulus, because of COVID because of all this, this debt super cycle is just imploding. And China’s largest, six largest banks, all state owned, lost a billion dollars in the first quarter. They shut down 30 Chinese banks last week. And so he’s hitting them at the best possible time.

If you’re in a fight, it’s like, get them while they’re down, right? And so sure enough, China’s capitulating, so the markets are going up. But here’s where you’ve got Trump and Jerome Powell. All of this reeks of politicalness, Brian. So Trump and Jerome Powell are, are fighting. And Trump says, hey, Powell, at the Federal Reserve, you need to lower interest rates. And Powell says, I can’t lower interest rates, I might have to raise interest rates because your stinking tariffs are creating inflation and I’ve got to slow that down. So there’s this battle going on and Trump says, Jerome Powell is an absolute fool.

But I still like the guy, right? It’s like, okay, only Trump can get away with a comment like that, right? So they’re fighting and who’s going to win? Trump is ultimately going to win. But I wouldn’t be surprised if because of politics, he decides to raise interest rates a little bit. Because whenever something happens that’s bad, whoever is in power at the time, he’s the one holding the bag and gets the blame for it. But my first PhD is in public policy. And there’s incremental steps in policy and there’s always something that we call leg. There’s an action lag, there’s a policy lag.

So whenever there’s a legislative action, an administrative order, an executive order, you plant that seed, you change something and then it’s not for about 12 months until you see the results, until you see the results on Wall street and ultimately on Main Street. So whenever you have a president, new president that comes in, I don’t care if it’s Trump or Biden or whoever, you hear the story. It’s like, I inherited a cesspool of an economy, right? And we heard that from Biden for the full four years. It’s like at some point you got to take ownership of your, of your policy, right? But they’re right in the sense of, because there’s a 12 month lag time from policy to fruit on the tree.

Any president can actually say that for the first year and have it be accurate. But after that, you have to own your policy. This is why Trump Secretary Bessant, Secretary Lutnick have said this isn’t gonna be Trump’s economy until the fourth quarter of this year. I think that’s even a little aggressive. It might be the first quarter next. But we’re dealing with the hangover effect from Biden’s economy. So during this transition, you’re gonna have all this mayhem, this political chaos happening, the blame game. And they’re gonna try to attack and blame Trump and raise interest rates because you have to slow down Trump’s inflationary policies.

It’s like, wait a second, Trump’s only been in office for 120 days. The debt that we have, the unsustainable debt, the deficits, everything that we’re seeing is a byproduct of decades of mismanagement Right. You can’t change things in 120 days to that effect. Now he will in a year. This will be Trump’s economy if he’s allowed to do what he wants to do. Because when you have tariffs on foreign goods, it’s going to make American goods relatively cheaper. Because? Because all that stuff is going to be more expensive. So what’s that going to do? It’s going to impact jobs.

Jobs always follow manufacturing. So if our stuff is cheaper, people are going to be buying our stuff. We’re going to have to create more jobs, more people spend. That’ll stimulate the economy. That just takes some time. Now, one other big policy action that happened. Well, it’s not even policy. It’s just thing that happened over the weekend. Moody’s downgraded the US Dollar. So instead of having AAA credit rating, we now have double A1, which we’ve had. This has never happened before in the history of credit ratings on the US dollar. Since 1919, we’ve been the strongest currency, had the highest rating in the world.

They just downgraded it. Why? Because they said the debt and the deficits are unsustainable. So. Which I agree with. I agreed with that five years ago. I agreed with that 10 years ago. So why now? Why didn’t Moody’s downgrade the dollar during the Biden administration? Or the administration didn’t like our deficit double under Biden’s administration during the COVID crisis? Double, yes. And so why didn’t they do it then? Do they think that the debt and deficit has gotten so bad in the last 120 days that they finally need to do it? No. This is a political smash against Trump.

So you’ve got these tariffs and you’ve got this bad news of the Moody’s downgrade, and you’ve got Powell and Trump fighting over interest rates. And what’s the end game to just blame Trump? Because here’s where I think it plays out. Trump has two years to grow the economy. If he doesn’t grow the economy by the midterms, you probably lose the House and you lose the Senate. And the way that the left fights, they’ll probably go for impeachment, right? So he’s got to actually grow the economy in the next two years. So this is the battle of a generation right now.

And here’s where I look at all of this. It’s like, okay, when you have turbulence, turmoil, chaos, change, people look for quality. There’s a flight for quality. They want something that’s safe. They want something that’s real. This is why gold over the last two months has hit all time highs. Right. This is why silver is growing so rapidly. I mean, three years ago, I don’t, I don’t know how long, I can’t remember how long we’ve known each other, Brian, but three years ago, probably four years, probably something like that. Well, silver was like less than $18 an ounce.

It’s now 33 and a half. Gold is, it was up 29% year to date. It’s the first quarter. Right. So metals are telling a story that mainstream media is not and that is people want safety, they want quality, they don’t necessarily trust things. So I do think that because of the tariffs and the softening of them, that the allure for gold has come down a little bit. Right. It’s no longer the massive flight for, for quality and safety that people are looking at because they, because they view this tariff thing is as kind of fixing it.

Well, so I think gold will probably consolidate for 60 days or so, just kind of stay pretty flat, maybe go up a little bit, but, but not the rapid growth we’ve seen. But you know what, who doesn’t think that? Goldman Sachs, JPMorgan Chase. So they don’t think that Trump’s tariff, this 90 day hiatus is going to last. I. How do we know? Because their projections for gold for the end of the year are 3,700 to $4,500 an ounce. So that means they don’t think that it’s going to stabilize forever. Which means they don’t think that this tariff impasse is going to last.

They think Xi is going to do something, he’s going to fight back. These tariffs are going to actually continue to move forward, which is ultimately going to make America great again because it’s going to diminish demand for foreign goods. American goods are going to be proliferating. It’s going to create jobs. So much so that already we’ve seen companies like Taiwan Semiconductor, largest chip manufacturer in the world, try to avoid Trump’s tariffs. And what did they do? They’re going to build a $500 billion chip manufacturing plant in Arizona. So who are they going to hire? Are they going to hire Taiwanese people? No, they’re going to hire Arizonans.

Right. So this is going to create jobs. And America, all of a sudden, because of Trump’s tariffs, just became the largest chip manufacturer in the world once his factory is. I love that. That’s awesome. I mean it’s. So here’s where, moving forward, I am so optimistic, never been so optimistic about our economy. But, but it’s going to be ugly, literally for I think the next year. It’s going to be this turbulence and this push and pull and confusion and chaos that all points to move to something that’s tangible, move to something that’s real. In times of uncertainty, gold and silver thrive, Brian.

They thrive. And I’m not saying that they’re going to be the greatest investment since sliced bread forever. Nothing ever is. Nothing goes up forever, nothing goes down forever. But to, as this chapter turns and the page turns to the next chapter, the only way to have money for the next chapter is to actually thrive during this one. Right. And this is why I would allocate heavily into precious metal, because I believe Trump is going to win. I think he’s doing an amazing job. I think that he’s going to win these battles and moving forward, it’s going to be fantastic and it’s going to be like a renaissance for America as we bring manufacturing back and, and, but boy, there is this battle of a generation happening.

Right? Well, this has been a breath of fresh air conversation because I’m not keeping track of the economic side. What I get drawn into the most is what’s this Maha mandate doing since he went into office? And so it’s just non stop. What do you think about RFK’s claims of fast tracking a new MRNA measles vaccine for the couple kids that died in Texas? And I’m like, oh my God, this is ridiculous. All right, we need to get away from the vaccine convers. Garlic was proven by the NIH in 2020 and 2021 to cure measles. Why don’t you just tell people to eat garlic? Like, why do we need another fast tracked operation warp speed vaccine? So this makes me more excited because I do believe that our economy for this country is obviously one of the things that makes our lives so much greater and brings the pride back to America that we’ve continued to brag in the media with our Hollywood movies and our TV shows and our radio announcements and our musicians that the dream, the ultimate dream, is the American dream.

Get over here. Well, nobody’s really wanted to be here for a while. We’re just going into debt. Debt, debt, debt, debt. Who. Why do you want to hang out with people that are broke? This country’s been broke for a long time. So bring the money back, bring the power back. That’s exciting. So very, very excited. So, and this is why I learned about nine years ago, I really learned from My father in law, which is the whole reason why I started speaking out, who died in the hospital. He’s the one that taught me about precious metals and starting to acquire gold and silver.

And Jane and I have been acquiring lots of silver, lots of gold since nine years ago. So this is something that is very important to me and it is just a part of our investments and plays a major part of our investments actually for just such a time as this. But he saw long ago, wanted to educate me and for his daughter, obviously, who I married, Jane, who you’ve met, wanted to make sure that she and I were benefiting from the things he was learning from people like yourself. So it’s been a great honor to learn those things.

So tell my audiences where they can learn more about the more predictable, saving, consistent value that we find in precious metals for those periods of time where there’s a lot of fluctuations in the market and in interest rates and inflation. So where can they learn more from you? Kirk Elliot so just give us a Holler, 720-605-3900 say that Bryant Artis sent you or you can simply go to our website, kepm.com like Kirk Elliott precious metals so kepm.com artist and we’ll get, we’ll call you back or you’ll talk to us right away and we’ll get you squared away because you can put physical metals to hedge yourself against all of this chaos and all of this mess and bring peace of mind in your IRAs with cash accounts.

You can take delivery of them, you can store them if you don’t want them at home. There’s so many different solutions and we’d love to go over that with you and, but, but here’s one warning that I would love to give people because there’s a lot of messengers out there and anywhere you go in the conservative podcast world, you’re hearing gold commercial, right? So, so not all gold is good gold. Not all silver is good silver. Right? You don’t want to overpay. You don’t want anything that’s rare, that has a story to it, that’s collectible. Because in my experience over the last 30 years, very, very, very, very difficult to overcome the high commissions and high premiums.

So bullion only, you know, low price, low cost, maximize your ounces. And that’s all we’ve ever done. That’s all we’ve ever done. And God has really blessed our company and we’re blessed because that, because, you know, it would be easy, easy if I didn’t have scruples to actually sell high commission stuff. Right. But I would rather treat a client like family because that’s what they are to us and not overcharge. And so just so what people know what to expect. When you purchase, it’s 8% cost of ownership. When you liquidate, it’s zero. We don’t take anything.

And my rationale behind that, Brian, is it’s, it’s, it’s your money, it’s not mine when you invest. I’ll do that again in layman terms, though. So my, everybody maybe has never bought metals before. So there’s a fee when you buy it, but also sometimes there’s a fee when you liquidate it. Is that true? Almost always, yeah. Like, like a stockbroker real estate agent. Right. There’s a commission when you buy and commission. I’ve only ever bought so I’ ever actually sold. Yeah, yeah. So if you sold it someplace other than us, you’ll get a commission when you sell.

Right. So we don’t charge anything because it’s your money. And I want you to realize 100% of the growth when you sell it. Right. So anyways, it’s just one of the things that differentiates us from other firms. And the constant care, the hand holding through this economy every single week like clockwork. I’ll send out a video email to you letting you know what I’m seeing politically, economically, socially, what we should be careful of and what we should be joyful about. Because when you’re in the right place at the right time, that will truly put a smile on your face.

And that’s our goal, is to navigate through this journey with you. Yeah, and a lot of people too. It is true. Right? If they order gold, you also can ship gold physically to these people and they can hold it. Versus like the idea of just buying a ticket or receipt that says we deposited it somewhere for you and it really exists somewhere, you physically can also send them the gold, which is awesome. Exactly, exactly. It’s real. It’s really yours. It’s great. So I love it. Kirk Elliott, thank you, man. You brought a lot of hope to me about the economy in the future and set the stage for a positive outlook on the horizon, which is great because so much of it’s still so hazy and weird, especially in the medical world.

I’m like, come on, getting over it already. Let the vaccine agenda go. Could you believe it, Kirk? First day of Trump’s administration, he brings in the. And he brings in Larry from Oracle to go in the white house and say we’ve got new vaccines on the horizon to cure all cancer. Oh man, are you kidding? All right, let the vaccine stuff go. Big pharma, big tech. You all do not need to have all your consumer made goods injected into people. You do not need that. God did not create naturals, plants, the environment, air for any other reason than your benefit.

So go put that stuff in you and your body. Just watch what it does. God created you. God created the earth and everything’s in there. And Kirk Elliott will bring you all the common sense and log surrounding the economics of the current state of affairs in America. So thank you Kirk elliott. Go to kep.com forward slash artists right kepm.com forward slash artists. We’ll take good rock. Thank you Kirk. Have a great day and great weekend. It’s Memorial Day weekend. God bless you. God bless you.
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