Topic: Jobless Claims

Investors are advised to minimize their exposure to the banking system, as the FDIC only has 0.74% of deposits covered. Recent data shows 213,000 new jobless claims, the worst since August, contradicting government claims of job growth. The current market is reportedly propped up by stimulus money rather than real revenue, making tangible assets like silver—which grew from $22 to $28 in 60 days—a safer alternative.

Economist Dr. Kirk Elliott joins the program to analyze recent economic data, including a spike in weekly jobless claims to 231,000. Elliott presents charts comparing the Trump and Biden administrations, noting that mortgage rates have increased by 146% and gas prices have risen by 46% under the current presidency. He advocates for physical gold and silver as a hedge against the devaluing dollar and a failing banking system.