3:14:45 their stories. Hit your final articles and then please respond to what I gave you and I'm just going to give you the floor here and I'll be back at the end. I mean I'll be sitting here but I'll be back at the end with a few questions. Yeah so I want to start with the debt clock. So if you look at the usdebtclock.org I mean, this is really fascinating. I've got it right here for you. I know, so you're- Sweet. Yep, that's awesome. So- Here's the rest of your stack. I grabbed it from you, sorry. Perfect, great. So if you look in the top left corner where it talks about the national debt, we're at $34.8 trillion. But our debt to GDP ratio is 122%, okay? So that's one of the, that's
3:15:31 I remember Alex was like man, 2007, 2008, I was looking at that and it's like, well, we're pushing 80% debt to GDP ratio. And I started to kind of freak out a little bit as an economist thinking, cuz I know what happens when we hit 100%. When the debt GDP is 100% meaning your gross domestic product is equal to the amount of debt that you have. Those countries don't survive that ever, like 100% of the time they don't survive that. They come back with a different currency, they come back with a different form of government and we blew past that. We're now at 122%. So you look like throughout history that one of the greatest examples would be the Roman Republic.
3:16:17 So the Roman Republic, they fell because of the weight of their entitlements when one third of the population, 33% of the population in Rome was getting government assistance of some kind. Today it's 80% of America, of our budget, 80% of our budget. our income goes towards Social Security, Medicare, Medicaid, food stamps, women and children programs. So we're much greater than the third that causes the economy to collapse from the weight of the entitlements. So it's mathematically impossible once the debt to GDP goes over 100 to recover from that we're at 122. Now,
3:16:58 On this debt clock, if you look over on the right hand side where it talks about basically the dollar to silver ratio number. Well, what does that put silver at? It's at $153 per ounce. Okay, this is an interesting thing because of people who have been watching this and I know a lot of you viewers are watching the US debt clock. It didn't used to say 153 per ounce, it showed zero. It showed zero for the longest time. And it's like, man, Kirk, how could price, how could it be zero, right? Well, because as the money supply, they were pulling money out of the system. The M2 money supply was going negative. So when you price something by something that's negative, it comes out zero. You can't divide by zero. So what does this number tell us now? That the price is going up
3:17:57 And it's not the $30 an ounce that we're seeing on price today. It's $153 an ounce. With the amount of money in circulation and the number of ounces of silver, silver should be $153 an ounce. It's 30 and a half. Right, that makes it one of the biggest bargains in the history of the world, right? But the reason why it's now positive is because of what we talked about earlier, the reverse repos. There's money being injected back into the banking system, right? Because they can't afford to survive, they can't afford to live, they can't afford to, they're undercapitalized.
3:18:36 So, the fact that there's money going back into the system now puts, and there's so much of it, that puts the price per ounce of silver at $153 an ounce. One other thing I'd like to show on there is the massive amount of money that's been printed over the last five years and over the last ten years. That's just right next to that on that chart. That five year number puts silver at over $1,500 an ounce. With the amount of money that's in circulation compared to the amount of silver that's available, $1,500 an ounce, the 10 year price would be $1,121 an ounce. It's like, my word, right? So what does that mean? That means that $30 an ounce of silver is the most undervalued asset on the planet, literally.
3:19:29 So, I've got clients that call in every single day and they say, well, boy, I'm gonna wait for the little price dip. It's like, what? You actually care if silver is gonna come down 50 cents or a dollar. My projections that I've gone over with you, Alex, for the last nine months are I think silver's gonna hit 75 to $100 an ounce on this run. It could go much higher. I mean, we're looking at these numbers, which makes my prediction actually look small, right? But I'd always rather under promise and over deliver rather than give some kind of a pie in the sky estimate. That's not my style. So these numbers are even greater than 75 to 100 that I've been my conservative estimate for years.
3:20:16 So you look at that and say, all right, you're not gonna care if silver's $28 an ounce, $30 an ounce, $35 an ounce when you buy it based on where I think that it's going because of the economic imbalances and the political realities that we're faced with moving forward. So I just wanted to show you all that usdebtclock.org because you can't really make those numbers lie. Economists can make numbers lie all the time, but when you're just looking at this raw data in that form, it tells a big story. So Alex, some of these articles that we went over, let's just look at the headlines. So when I look at a headline,
3:21:00 It's more than just a headline. The headline tells us what we're gonna learn about, right? But whenever you look at a news story, you have to look at two other things. A, what caused the headline? And B, what are the future implications of the headline, right? Right, so what caused this? What was going on to get us to write that headline? And then based on that, what are the projections moving forward, policy-wise, politically, economically, socially, whatever, right? So you have to look at all of those three things. So the US sees clouds of financial crisis gathering on the horizon.
3:21:37 Okay, this is an easy one for us to go over. We've seen declining revenues on the stock market. People aren't spending money, declining wages. Look at that report from ADP. Number of unemployment claims is going through the roof. We've got high taxes. It's impossible to keep an economy growing when you have higher government spending and higher taxation and people are earning less and jobs are, the number of people unemployed is increasing. I mean, good grief, that's a recipe for disaster. So you look at all of these clouds, it's like the combination of a perfect storm.
3:22:13 that's gathering on the horizon. And I think that that storm starts spitting down lightning and tornadoes on all of us pretty soon. I don't think it's a distant horizon. I think we're starting to see all this stuff right here and right now. And then there's this other article we keep hearing about. We're going into a recession, boy, if we don't fix this, we're gonna go into a recession. It's like, okay, note to self. As an economist, I'll tell you, we've been in a recession since COVID. A recession is simply two consecutive quarters of declining output. Well, we've had declining output since COVID, since March of 2020. I mean, we're technically pushing depression, not just a recession. We're not going into one, we already are in one.
3:23:06 So, when you look at these numbers, like let's look at these stupid little bullet points on this chart. And this is why when I look at some of these economic writers that write these things, they don't look at the right thing. So, here the first quarter economic growth is 1.3% on an annualized basis. So 1.3% economic growth, it's like well at least it's growing Kirk. It's like no, it's not, not in real terms because unofficially inflation's hovering at 18%. Even Obama's economic advisor said, yeah, it's actually inflation is up there. You've got the people at some of the big hedge funds, the big banks like
3:23:53 Jamie Dimon, the head of Bank of America saying inflation and actually it was Goldman Sachs said that inflation is really hovering at around 15%. Well, this matches up with my number from my first dissertation where I developed a methodology for measuring inflation because the way that the BLS does it's wrong, they're just wrong. So you look at it and my number is somewhere between 12 and 15% right now. Well, that matches up with some of these other projections too. But if you have growth at 1.3%, inflation at 15%.
3:24:31 Well, you're actually losing 13.7% a year. So in real terms, we have been shrinking whenever the economic growth is less than the unofficial inflation, we're shrinking. Well, at this point, 1.3% is even less than official inflation, which is understated. So yes, Alex, we are not going into a recession, we are in one, we're absolutely in one. So Next article that you want to go over here the US dollar crash the feds big problem And and so what is the feds problem? Here's where I I'm going to tell everybody that that inflation is not going away
3:25:16 It's going to stay there and they want it to stay there. Now you might see all the rhetoric and the stories and the nonsense that says, hey, you know what? We're actually going to, we wanna fight this inflation. This is why we're raising interest rates. We're gonna slow it down. They need inflation because when you inflate the currency, you're devaluing the currency. That's what inflation is. It takes more of that junk currency to buy valuable goods and services. We've got debt that needs to be paid off $34.8 trillion worth of it, right? So when you have inflation, you're paying off the debt with cheap in dollars, it actually makes your payments relatively less in relative terms. So therefore, they don't want inflation to go away. They wanna keep it persisting. This is the problem
3:26:06 That we're seeing moving forward is you've got this battle. You've got this messaging that says we're fighting it, but in the end, they don't really want to tackle it because they need inflation to pay off the debt because we had so much debt. Now if we had zero debt, then yeah, you don't want inflation, right? But when you have a bunch of debt that you gotta pay off, inflation kind of is your friend. Next article, House Democrats accuse big oil of price gouging. Like what? Don't blame big oil of price gouging, blame the Biden administration for these economic sanctions going on Russia and the BRICS nations. When you've now got six of the nine largest oil producers in the world as part of the BRICS nations.
3:26:56 And they're saying, hey, the US government, they're actually putting all the sanctions and restrictions on us. And they kicked us out of the SWIFT system and you know what? So what we're gonna do is we're going to limit production coming out of OPEC. Of course, they can do that. Six of the nine largest oil producers in the world are now part of BRICS. They can do whatever they want with their own policy. But when they do that and they limit production, the price of oil is gonna go up. Who benefits when the price of oil goes up? The producers do. Who gets hit hard? The users do. So we are net users of oil and they are net producers of oil. So when they limit production, the price of oil goes up. Don't blame it on big oil for price gouging.
3:27:45 Maybe they're a little bit, I have no idea. But the majority of the price manipulation is just simply coming from the economic realities of politics, right? You put economic sanctions on these countries, you're gonna get them to fight back economically. That's exactly what's happening. And so I'm not saying that prices of oil are not going up, they are going up. I'm just saying that the House Democrats are wrong on the reason and the rationale behind it. So this one, the great American boom is finally running out of steam, leaving mountains of debt.
3:28:23 Okay, so this great economic boom that we've seen isn't a real boom, never has been. So, well, I shouldn't say never. During the Trump years, we actually had lowering taxes, lowering interest rates and job creation, people spent money. That revenue was real, that was real revenue. During the Biden administration, there's a stock market still up. Yeah, the stock market hit all time highs. But the reason is not the same. See, the stock market's going to go up as a function of revenue. Well, revenue can be one of two reasons, real or not real, right? So when people spend money, that's real revenue. When the government prints money, it's still revenue, but it's not real, that's debt, you have to pay it back. So during the Biden administration,
3:29:18 That basically, this American boom is running out of steam because we're running out of money. We've hit this point of critical mass where people simply can't afford to buy anything because the inflationary pressures from printing so much money are so extreme. And like we just talked about, they do want some inflation. But here's the problem. If you keep printing money like there's no tomorrow, and the rest of the world is no longer buying your US dollar, which is our problem, it's being de-dollarized the whole world because of the BRICS nations. This is cause for massive amounts of inflation. Because we're gonna print money like there's no tomorrow, it's going to devastate
3:30:04 the US economy because we're going to be forced like Weimar Republic Germany, like Argentina, like Venezuela to print our way out of it. So yeah, we're running out of steam but the steam that was there for the last three and a half years has been fake. It's been just money being printed on a thin air, not real economic growth like what we had during the Trump or the Reagan years. Okay, next article, how AI could basically royal the next economic crisis. So you look at AI and it's taking away jobs, right? And it's designed to do that. It's designed to replace humans with computers. Well, what kind of jobs could be replaced? Anything that's mathematical
3:30:58 You can have your accountants be replaced easily with a computer. How about a lawyer? Lawyers could be replaced by computers. Now you lose the intuition that God gave us, that gut feeling where it's like I'm going to make this decision even though it might not sound like logically the best decision. But I just have a good feeling about it, that kind of stuff. That's Holy Spirit speaking to people, that's God whispering in still small voice into your ear. That's where that wisdom, discernment, intuition comes from. But computers don't have that. Computers are black and white, right or wrong. But imagine a lawyer that's a computer that can look at all the precedent, all the case law written prior, and they could craft an argument with every single legal case ever. I mean, so AI could replace that. I was at a conference
3:31:53 the red carpet room for United as I was traveling. And you get like snacks and food up there, whatever. And they used to have somebody that would come around with the dirty dishes bin and you'd put them in there. That job is no longer there. It's now a robot, right, with a bin on it. And it stops right in front of you and it says put your trash in here. And it's like, okay, so you do. So even those kind of jobs are being replaced, right? How about Uber drivers, taxi cab drivers with self-driving cars, right? You look at where technology is going, it is going to replace
3:32:31 so many human jobs. Now when human jobs get displaced by computers, computers don't spend money, computers don't pay taxes. So government revenue streams are gonna come down. But yet the amount of withdrawals coming out of the government, people saying, hey, I need unemployment insurance. I need Social Security. I need Medicare. I need Medicaid. I need this because some stupid computer took my job. Well, now we've got an issue because something that was created they thought was for good, displacing people from their jobs. They're now gonna come for benefits, but there's no income stream coming in because all the government taxation revenue streams have been put to the wayside, gone forever. It's a problem, right?
3:33:17 So, we already discussed this a little bit, but this is where I think the next big crisis is going to come from, is the number of problem banks in America. It's climbing during the first quarter. We've got 63 banks that had to go into a reverse repo, meaning they had to have an injection of capital coming into the banks. So, they're on the verge of collapse, on the verge of failure. Now add to that the things that we can see. A lot of times you can't see the behind the scenes, how much derivatives debt exposure do they have, whatever. What we can see
3:33:53 the number of delinquencies, we can see the number of defaults. We can see that wages are declining, their unemployment is skyrocketing. That people can't afford to buy commercial real estate or residential real estate because of rising interest rates, a slowdown inflation that they created. This is a mess, it's an absolute mess. And so what we want to do is take these items, identify them, act accordingly to be in simply in the right place at the right time the majority of the time. So every single one of these articles, Alex.
3:34:30 You know, it's got an easy explanation like what we just went over. We're coming to the end of the Ponzi scheme. They want to use a virus, a war, a race war, a civil war as the cover to jump us onto their new system. You don't want to be in the CBDC total control grid, Margaret the Beast. You want to move into silver and gold and farmland and church with your family and just whatever you can now before the race to the exits happens. Yeah, absolutely. I mean, community is a huge thing. I mean, imagine. People you can work together. That's God, community, food, and then if you've got assets, silver and gold, that's going to be the only thing that's going to perform well in this overall. People need to call you right now at 720-605-3900 and talk to your consultants to get a plan together.
3:35:16 720-605-3900 or KEPM.com forward slash gold. Send an email, your name and number, ask for consultation, get it set up, do it now. We're out of time. Owen Schwerer's coming up in a minute and a half. You did a fabulous job. I shut up and let you talk because I want to be able to say what you had to say. You know, you don't complain about me. I have a lot of points to add. I think we help each other, but overall incredible job, great predictions. Wish this wasn't all happening, but we've got to have the softest landing we can. And just remember, This place will be padlocked right now and shut down outside of a judge's order with all the stuff going on behind the scenes. So every day here is a precious day, every show is a precious day. Get all the downloads off Band Off video, it may not be here next week. Get everything you can.
3:35:57 Spread the word. I think we'll be here in a few months is the best estimate But the enemy's closing in they want to stop the year before the election I haven't moved alternatives, but it's me very hard to shut me down being heard But right now support our sponsor support these great folks because they're wonderful and they'll continue on and dr. Jones naturals.com My dad's coming separate free suspicious and any orders you get in the judges said they'll keep it open You'll get everything shipped to you. We ship in like within 48 hours on average, so that's no problem. 40% off sale right now at InfoWorksTour.com. Big sales also at DRJonesNaturals.com. They're both critical places, but separate from free speech is DRJonesNaturals.com. So if you really want to support me, I'm asking you to go there. Great products. Get them now. Next, a little foundational energy, green fiber caps, all the nano silver products, DRJonesNaturals.com. DRJonesNaturals.com. Dr. Elliott, great job coming into town, buddy. Thank you. Another amazing interview.
3:36:45 And hey, we're making lemonade out of lemons, silver lining. We've got double the audience we had a week ago since they made this move. So thank you for all tuning in. Huge reports posted in fullwords.com and X. Follow me at X. They shut us down today. I'll still be at Real Lock Shows on X. Follow me there. Tell everybody you know, follow me there right now. HSBC and JP Morgan Chase. So you look at what do they do? What are they the biggest banks in the world? Those two are number one and number two largest short sellers of silver on the planet. Those two banks. And now we're starting to see
3:37:24 a short squeeze happening in silver, but we had 568 million ounces of silver being shorted, naked shorts, meaning they don't own the assets. They just put these futures contracts on them to shorts to drive the price down. Well, when you have a short position and the value of the underlying thing that you're shorting goes up, Alex, you lose money hand over fist in multiples, not dollar for dollar, but multiples. The day before Iran basically sent those drones into Israel, China made this announcement.
3:38:06 said, hey, everybody in China, start buying silver. Don't just buy gold, buy silver. You made the point that China was trying to call the naked shorts of the Western central banks. Look at what's happened to silver since that time. Skyrocketing. You've got low supply, you've got high demand, you've got a short squeeze starting where the manufacturers of the world, the defense contractors, the aerospace industry, the fuel cell technology people, the solar people, they all need silver and there's not much available because India has already committed to 66% of the world's supply this year. So here's where we've got this short squeeze happening. Physical supply coming out of inventory, not available.
3:38:52 for the manufacturers to purchase. And what has happened to the price of silver in the last two and a half months? Literally, the last 75 days or so, silver's gone from 22 and a half to almost 32. It's up like 45% in two and a half months. And you've got those Western banks that have millions, hundreds of millions of ounces of silver short. and the price went up 45%, they are losing money hand over fist. So part of me says this kind of being on the wrong side of a price move when it's leveraged could cause HSBC and JP Morgan Chase to have a really, really, really big financial problem. And their CEOs are jumping ship. They're getting out of Dodge.
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3:40:27 call them, get a consultation, email them, talk to them. 720-605-3900. Again, that's 720-605-3900. One of the most important calls you would make, obviously, and like he's been saying, get silver, it's up 40% on the year. He says that he'll make such profits in silver when the gold run starts, you use that profit to buy the gold and you sell it back to Dr. Kirk Elliott with zero costs, which no big broker, no big company does. That's why there are 4.7 star ratings that nobody else has KEPM.com forward slash gold KEPM.com forward slash gold.