Episode Transcript
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0:00
Today
0:12
on
0:14
the Fiber Conservative Podcast, I consider
0:17
it almost kind of like a legitimate like ringing
0:19
a bell warning. This is not
0:22
just long-term informing and educating on
0:24
what's going on. We could be talking about the FBI,
0:26
we could be talking about a billion
0:29
different issues from vaccines to big
0:31
pharma to whatever, but the things that impact us
0:34
directly the most is there's people being
0:36
put into positions of leadership that affect
0:39
our ability to provide for our families, our
0:41
ability to eventually be able to retire, our ability
0:43
to be able to keep
0:46
what we earn. There's people being put
0:48
into positions of leadership that are not operating
0:50
in our best interest. I think that
0:52
goes as far as to say that it's like bringing
0:55
more woodpeckers onto a wooden boat.
0:59
It's like hiring pilots to fly a plane,
1:01
not because they have any experience or want a
1:04
plane to succeed, they've only flown kites. We're
1:07
seeing that in a lot of different areas.
1:10
I can tell you right now, it's not an accident and
1:13
you need to be prepared. There's some decisions
1:15
that you need to make that are like family sit-down
1:17
kind of meetings and we got the information for
1:19
you to be able to help do that. We have a guy that wrote a book
1:22
called Thriving in the Economic Tsunami.
1:24
We're in an economic tsunami. This is happening,
1:27
but you don't have to get pounded by
1:29
it. You can thrive. We've
1:31
got somebody who has not one, but two PhDs
1:34
to be able to help us on that exact topic. Dr.
1:36
Dr. Kirk
1:37
Elliott. Welcome. Oh
1:40
my word.
1:42
So I have a feeling
1:44
this is going to be a very important show
1:46
because what the viewers don't know
1:48
is it has been tech glitch after tech
1:51
glitch today. So
1:54
true. So somebody doesn't want that message
1:57
out there. So it'll be really interesting. Totally
1:59
true.
1:59
And it is
2:02
a complex one. There's a lot going on. And this is
2:04
kind of an odd economic update because
2:06
we're bringing some questions to you, stuff that
2:08
we've noticed over the last week, weekend,
2:12
that are like, I
2:14
can't think of enough analogies,
2:16
but if you had a wooden boat and
2:19
the person in charge of it keeps bringing on
2:21
more woodpeckers, you'd be like, but
2:23
do you understand what woodpeckers do? And it's like,
2:25
yeah, we just love woodpeckers. And it's like,
2:28
you must actually not like
2:30
the boat or the people in it. Or living. Or
2:33
the people in it. And so today's
2:35
theme is gonna be, I wanna examine the people in
2:38
charge. Who's been given access to all the
2:40
levers of power when it comes to economics.
2:42
And in order to do that
2:44
bad in
2:46
economics,
2:47
you have to have a spiritual or
2:50
mental malfunction. It's gotta be down
2:52
to your core as a person. And I'm
2:54
gonna back that up because we got a bunch
2:57
of clips to go through with you today. I
2:59
just gotta ask, man, are you mentally
3:02
and emotionally
3:03
ready to go there? I'm
3:05
ready to go. I
3:07
mean, I don't think America is
3:09
though, quite honestly. I mean, everything
3:12
that's coming down us is like this, just freight
3:14
train coming down the hill and it's about to mow
3:17
everybody over kind of a feeling because
3:19
everything that they are doing
3:22
is
3:24
opposite of what the founding fathers
3:26
would have envisioned for them. Opposite
3:29
of what God would have for the
3:31
country. And opposite,
3:33
quite honestly, of what truly the
3:36
vast majority, like almost all
3:38
families in America would want
3:41
for this country. Absolutely.
3:43
It's a little bit like, we watched a season one
3:46
of Ted Lasso. I don't know if people have seen that
3:48
or not, but there's a
3:51
professional soccer team in the UK and
3:53
they hire an American football coach who
3:55
was not
3:56
great at that. He was okay, but kind of a funny
3:58
character. Never,
3:59
even watched a soccer game in his life
4:02
and the hiring to be the coach. Here's the reason why, because
4:04
the wife inherited it from her husband
4:06
in a divorce. The husband loved the soccer
4:08
team, but she's just trying to destroy it. So she does
4:10
everything in their power to take it down. It's like,
4:13
I feel like I'm living in an episode
4:15
of that, or maybe the movie major league was kind of that same
4:17
kind of theme of the people in charge actually
4:20
are trying to tear down the thing that
4:22
they're in. So let's start, let's start from
4:24
the top. Let's jump into the FDIC. You've talked
4:26
about this clip before, but I think it definitely pertains
4:28
to this. And
4:31
then we'll have you play
4:32
the clip and then we'll have you break it down and give commentary
4:34
on this. Accessible when people
4:37
need to know, but I don't think you have much hope
4:40
of reaching a public that doesn't have a
4:43
professional need to know.
4:47
I completely agree with that. I almost think you'd
4:49
scare the public if you
4:51
put this out, like, why are they telling me this?
4:54
Why be concerned about my bank?
4:57
Like,
4:57
my insurance company doesn't tell me what
4:59
they're doing with my assets. They just
5:01
assume they're going to pay my claim. I
5:05
think you've got to think of the unintended consequences
5:08
of taking a public that has
5:10
more
5:11
full faith and confidence in the banking system
5:13
than maybe people in this room do, that
5:16
we
5:17
want them to have full faith and confidence in the banking
5:19
system. They know the FDIC insurance is there. They
5:21
know it works. They're going to get their money and they're going
5:23
to get their money
5:24
out. So there's a select crowd
5:27
of people that are in the institutional
5:29
side. And if they want to understand
5:31
this, they're going to find a way to understand this. There's a
5:33
bunch of law firms representing this room. There's a bunch of
5:35
people that charge them by the hour, a lot of money to
5:38
explain this all to them. And it's
5:40
fine. I don't have a problem with that. And
5:42
they all have huge staffs. But I would be
5:45
careful about the unintended consequences
5:47
of starting to blast too much of this out in
5:50
the general.
5:50
Wow, that is a major concern.
5:52
We've played that before, but wow, that's
5:55
the closed door FDIC meeting. And,
5:58
uh, you know, that's the, you know, they got those signs up. Everywhere
6:00
you go deposit your money and it's there.
6:03
We started playing that before banks
6:05
were dropping like flies. This
6:09
has been out there and they're like, we're
6:12
not doing well, but oddly enough, the American
6:14
people have more faith in this institution
6:17
than the people in this room do. And they all laugh
6:20
because they know it's true. And that's
6:22
who's in charge of protecting every
6:24
single dollar that people take
6:26
and they deposit this fake stuff
6:28
at their bank.
6:30
Well, so what's interesting
6:33
about this is that that meeting
6:35
was held in December of
6:38
In January of 2023,
6:40
we talked about it. And
6:42
what did we talk about? We talked about this
6:45
warning sign from the Fed will
6:48
actually
6:49
be the stimulus that causes a run
6:51
on the banks. Sure enough, we saw
6:54
a run on the banks,
6:55
right? We saw Silicon Valley bank, Signature
6:58
Bank,
6:59
Silvergate Bank, First
7:02
Republic, and then the agent started
7:04
to spread overseas, right? But if you
7:06
go back to the backdrop of
7:08
why this conversation has even had
7:11
at the FDIC, it goes
7:13
back even farther than December, right? So
7:15
you go back to
7:17
when really this started this
7:20
last stage of this banking failures.
7:23
I mean, the banking failures actually to me
7:25
started in the early 1900s when the Federal
7:28
Reserve Act came into play. Because
7:31
prior to that, currency was backed
7:33
by gold, right? As the others
7:36
intended it, then it moved to
7:38
the Federal Reserve, a consortium of private
7:41
bankers. There's nothing federal about it. There's
7:43
nothing reserve about it where they could just print
7:45
money like there's no tomorrow and charge
7:48
the US Treasury interest
7:50
on something that there's no tangible backing
7:52
to. So that causes the inflationary
7:54
spiral and the whole concept of
7:57
reserve fractional reserve banking.
8:00
Which this gives
8:02
us the false, basically
8:04
security that when people put
8:06
money in the bank, they think that it's there. Right.
8:09
Yep. Not it's it's just not
8:11
there. Because banks do the same thing
8:13
with your money
8:15
that you do with your money. They invest
8:17
in stocks, bonds, mutual funds, real estate
8:19
companies, whatever else. Right. So when
8:22
we see economic problems,
8:24
companies going out of business, inflationary
8:27
pressures, people not spending, and
8:29
we're pulling money
8:31
stock market because we see that
8:34
the stock market's falling. What
8:35
are the banks saying? They're seeing the stock
8:38
markets falling. It's the same thing that they
8:40
invest in. So now you fast
8:42
forward to a
8:44
lot of other problems. The inflationary
8:46
problems came from the
8:49
BRICS nations basically
8:51
dismantling the petrodollar. So there's
8:53
no demand for our currency. So we're printing money like
8:55
there's no tomorrow that causes inflation.
8:57
Then you go to March of 2020. This
9:00
is where it all kind of gets to really
9:02
be unwound quickly. And
9:05
at that point, the Federal Reserve
9:07
changed the reserve requirement to 0%. Right. We've
9:10
talked about all of this before. This is just a rehash
9:13
basically for this next statement
9:15
that I'm going to make because 0% reserve
9:18
requirement means banks don't have to have anything
9:20
on hand.
9:21
Zero.
9:23
Right. They're they're using all $100
9:25
of your deposit into your account. They
9:28
can use all $100 of that to
9:30
invest, meaning there's no money
9:32
there for you to draw checks off of.
9:34
There's no money there when you want to take withdrawals
9:37
out of your savings account or checking account or anything
9:40
like that. Right. So so that's the backdrop.
9:42
So now
9:43
there's this meeting at the FDIC stating
9:46
we unintended consequences. We can't
9:48
let people know
9:49
that what what do they want
9:51
people to know. Right. Right. People know
9:54
that the FDIC is radically
9:57
underinsured. I mean,
9:59
so So if you look at it and
10:01
you saw on the bottom of that
10:04
screen, the FDIC has $125
10:06
billion of
10:08
assets. How many deposits
10:11
now? Because
10:13
when that
10:14
video was done, the number of deposits
10:16
in the US banking system was different
10:18
than it is today. So today,
10:21
we have $17 trillion
10:23
of deposits, checking accounts, savings
10:25
accounts, CDs, things like that.
10:28
So
10:29
that's what people's
10:31
app says. You pull up Bank of America, Wells Fargo,
10:33
whatever your bank is, and it says, oh, I have $1,800
10:36
in my checking account,
10:38
whatever the number is. Or if you're a business
10:40
and you think you have $300,000 to meet payroll, that's the number
10:43
you're talking about. It says that it's there,
10:45
but it's
10:46
not there. Not really physically
10:49
there. An accounting mechanism, it's
10:51
a ledger entry.
10:52
So your bank statement, and
10:55
for layman's
10:57
terms, what it says is, hey,
10:59
David and Stacey, this is the amount that you basically
11:02
should have in your checking account.
11:04
This is what you've deposited, plus the interest
11:06
that you've earned on those deposits. This is what
11:08
you should have.
11:09
But they're just hoping and praying that not everybody
11:12
wants to write or
11:14
withdraw their funds at the same time, because it's really not
11:16
there. So if it's not there,
11:19
they have to get interbank loans from the Fed.
11:22
And this is why they put holds on checks of like 10
11:24
or 14 days, right? Because they simply don't
11:26
have it. They don't want to default on that,
11:28
and it takes money, and that's expensive, and they don't
11:31
want to do that. So they put a
11:33
hold on people's checks. Now, the story
11:35
that they tell us is, we got to
11:37
make sure that the funds are in the other account
11:39
before you draw it. Well,
11:42
in the digital world, they know that in a fraction
11:44
of a second.
11:45
They don't have to wait 10 to 14 days to realize
11:48
that. They know in a fraction of a second
11:50
if they're not, but they're just using your money.
11:52
So here's the ugly reality of the FDIC.
11:56
$125 billion to cover 17 trillion.
11:59
billion worth of deposits.
12:02
That's 0.7% of a percent. That
12:06
means there's not enough, not enough life rafts on
12:08
the Titanic. That's what that means. No,
12:10
it means how, how quickly
12:12
could you have a bank run
12:14
or a bank failure? If more than 0.7%
12:18
of the population pulls out their
12:20
bank accounts, right? To take
12:22
to withdraw. So during Silicon Valley
12:25
bank, for example, in that whole fiasco,
12:28
companies were withdrawing
12:30
cash because under Biden's
12:33
amazing economic plan for America,
12:35
right? Oh man. At least that's what
12:37
he would tell us, right? But when you do this
12:39
plan for America, people's wages are coming down.
12:42
While at the same time, prices are going up, taxes
12:45
are going up, and cost of borrowing is going up. That's
12:47
a, that's a recipe for disaster. That's
12:50
a soup
12:51
that would make everybody stay. Right? Nobody
12:54
wants to eat that recipe, right? But
12:56
that's what we've got. So it's
12:58
really easy to
13:00
have a run on the banks. This
13:02
is why the fed, the unintended
13:04
consequences in this meeting were a
13:07
we don't want people to know how little capital
13:09
there is in the bank. Right. We don't want
13:12
people to know that the fed is truly under
13:14
insured. So this facade of $250,000
13:16
insurance coverage on your account is actually
13:18
just a
13:19
ledger
13:23
entry too. The money's not there.
13:26
The 0.7 of a percent of
13:29
the money is actually there. So here's
13:31
the point. I'm expecting way more bank
13:33
failures, because if that's
13:35
the reality, which it is the reality,
13:38
I mean numbers are numbers,
13:40
it doesn't take much to have a run on
13:42
the banks, which is why, uh,
13:45
in a, in an image that you
13:47
showed me last week
13:49
about London, you know, Nat West
13:51
bank and London, they had this big orange
13:53
sign on the front door of the bank that
13:56
said, we're going to start asking
13:58
for invoices.
14:00
for you to withdraw money so we want what
14:02
the use of funds is going to be for us
14:04
to approve your withdrawal is for protection
14:07
to make sure i get scammed that
14:09
tells me two things. A it tells
14:11
me that the banks are under capitalized i don't have
14:13
any money but be it moves towards
14:16
central bank digital currency of
14:18
which they want to control every aspect
14:20
of your buying or selling the of the funds. Well
14:24
then you're not gonna get it so i think it's
14:26
a two-pronged approach here number
14:29
one get people used to the government telling
14:31
me you what there's this was on a
14:34
door of a bank there in london
14:36
and i have verified it about
14:38
three different ways. Take
14:40
time to read that or take a look at it this is only gonna
14:42
grow become more proud prevalent. Well
14:44
if you look at that that mean the
14:47
first paragraph is well actually the second
14:49
paragraph. It's really creepy because
14:52
it says that they are going to
14:54
add you have to provide an invoice well
14:57
how many withdrawals out of your
14:59
checking account. Do you have invoices
15:01
for what if you wanted to just take cash to
15:04
give your nephew a hundred dollars in their
15:06
in their birthday card there's no invoice for
15:08
that right you wanted to make an anonymous
15:11
donation in the church offering bucket.
15:13
Well there's no invoice for that
15:16
right what if you just what we're
15:18
going on a vacation you wanted cash
15:20
to bring with you because like all of
15:22
us. Our credit cards fail
15:25
there's fraud and it's like why what i
15:27
can't get gas because somebody
15:29
in
15:29
in ten buck to decide. Because
15:33
they got my number now there's fraud on it and i
15:35
just bought a camera in china it's like what you
15:38
know so so you can access
15:41
your card so you get cash none of that
15:43
has invoices right so so then
15:45
the last paragraph of that thing
15:47
says.
15:48
It's going to be under the discretion
15:51
of the bank the managers at
15:53
the bank
15:54
to determine if the use
15:56
of funds is okay and we may suspend
15:58
your withdrawal not a.
15:59
accept it if we don't like the use
16:02
of the funds. So therefore, I mean,
16:04
what if you were giving to just
16:07
making this up, let's just say you were Trump supporter
16:09
and you were going to give to the Trump campaign. That
16:12
doesn't, that doesn't comply with the global
16:14
standards of what we want this narrative to
16:16
look like. So these kinds
16:19
of issues that are in London
16:21
right now, don't think that that's isolated to London.
16:24
That's going to come here in a world where
16:26
there's no guarantee that central
16:28
bank digital currency, this is going to come
16:30
here. People are going to get scared. They're
16:32
going to want to withdraw funds out of the bank. Oh,
16:35
oh,
16:35
not enough. The reason why banks fail
16:38
is because there's more withdrawals
16:40
than there are deposits.
16:43
That is such a great point. And you
16:45
advise people on this every day, and people go to flyovergold.com
16:48
and enter their information and set up a consultation
16:50
because it's very clear. We've been talking
16:53
about this is December, the FDIC
16:55
meeting in January, we began reading this bell, rigging
16:57
this bell and we're putting so much focus
16:59
and effort on this because this is what we're
17:02
really doing in real life. And if you want to
17:04
know, Hey, what's happening here behind the scenes, every
17:07
business owner, I know every person of, that
17:12
I respect their, their financial acumen.
17:14
This is what they are doing. We
17:17
began a deep dive
17:19
study back in the nineties. Robert
17:21
Kiyosaki, rich dad, poor dad had a huge
17:23
impact on the trajectory of Stacy and I's life.
17:25
And then cashflow quadrant affected
17:28
dramatically, where we put our time and energy
17:30
starting in the late nineties for
17:32
Stacy and I personally, Robert Kiyosaki
17:34
playing the cashflow quadrant game. We
17:37
bought that game for lots of people. We played online
17:39
with our kids. That's how we kind of taught them some
17:41
of their financial stuff. Um,
17:43
he had an interview on a play this, this, this
17:45
clip explaining bail ends on his
17:48
podcast, his show. I mean, get me play this clip
17:50
and get, get your feedback on this real quick.
17:52
These large too
17:54
big to fail commercial banks are
17:57
more or less being backstop
17:59
and guaranteed.
17:59
achieved by the Federal Reserve, well, the rest
18:02
of the banks, as we were told
18:04
by Janet Yellen, if they're not
18:06
too systemically large, as
18:08
the majority of them are not, they
18:11
won't be bailed out. They'll be bailed
18:13
in, where the depositors are general
18:16
creditors of the bank, and the money that
18:18
you deposit really belongs
18:20
to the bank. And not to
18:22
you. You are a creditor of
18:25
the bank. And if they go under,
18:27
instead of being bailed out the way that
18:29
Silicon Valley bank was because many
18:32
politicians had their money there, and the
18:35
big startup money for Silicon Valley,
18:37
whatever the reason they bailed it out, it shouldn't
18:40
have been bailed out, according to the new laws.
18:42
But these other banks, if they go under,
18:44
you will be bailed in,
18:47
which means all of the depositors'
18:49
money goes into the kitty to bail
18:51
in the
18:53
poor decisions
18:55
and investments of those banks. And anything
18:57
left over then gets given back out in a
19:00
pro-rata fashion, along with shares
19:02
of what is a defunct
19:04
bank. So what that means
19:06
if you're living in Podunk,
19:10
wherever you are, and you have
19:12
a half million dollars, your business is attached to the
19:14
bank. You know, your payroll
19:16
is in there, your employees, you
19:18
have their savings and all this, and
19:20
you have a half million dollars in cash in there.
19:23
If bank XYZ, regional
19:25
bank, crashes, what happens
19:27
to your 500,000?
19:29
Well, we're supposedly told that 250,000 of it is covered
19:31
by FDIC, which is certainly something
19:36
I want to talk about. But the other $250,000 would go
19:38
into the kitty.
19:41
So in theory, you get your 250,000 insured by FDIC. The
19:46
other $250,000 then
19:48
goes into, in essence, bankruptcy
19:50
proceeding, where it is used to bail
19:52
in
19:53
the inequities of the bank. And
19:56
this is something that's really very scary, especially
19:58
when you realize, Robert,
20:00
that the regional banks represent 70%
20:03
of all the small business loans in the United States.
20:07
And for years, forever, small
20:09
businesses in this country represented over 40% of
20:11
the GDP in the United States. So
20:13
realizing that these banks in
20:16
their hands hold the majority of all the small
20:18
businesses in this country, it's a very frightening
20:20
thing if you own a small business
20:22
and have your money in what amounts to
20:25
any bank other than a commercial bank. And
20:27
really a lot of people do because these
20:29
are the banks, and we've talked about this before,
20:32
you talk about the small banks that
20:34
are in your neighborhood real close to the places
20:36
you frequent. Well, the places
20:38
you frequent, they go in and
20:40
they make, they have relationships with these small
20:43
banks. These small banks make loans
20:45
to small businessmen and women
20:47
based less upon balance
20:49
sheet and business plan and more
20:51
upon relationships. In many
20:53
cases, like you said, you went to the bar,
20:55
your local Cheers bar, a
20:57
lot of times people go to the local Cheers bar
20:59
on a Friday night and sit down with their banker.
21:02
Hey, how are you doing? I coach your kid in T-ball
21:04
and we've known each
21:06
other forever and ever. That's what these
21:09
small banks
21:10
really are all about, relationships
21:12
and how that has helped foster the small businesses
21:15
in this country. Very scary
21:17
point, I'm glad you brought that up because really it's
21:19
probably one of the biggest issues with
21:21
the small regional banks running into
21:24
trouble.
21:25
Wow. Okay, so their answer
21:27
to what we've been discussing, the souls show up until now,
21:29
the FDIC's got a problem. They
21:32
may or may not be able to ensure the 250,
21:35
but whatever gap they have, they
21:38
have laws in place to
21:40
create bail-ins where it's our
21:43
money that they will
21:45
take in a cut of the depositor's
21:47
money to bail.
21:48
It's a bail-in from inside
21:51
of the deposits of what the
21:54
customers have put in there. Is that true?
21:58
It's true and a lot of people think, well, David
22:00
Stacy Kirk, it's like this is America, this
22:02
isn't going to happen. That's like communist type stuff.
22:05
It's like, well, it's part of,
22:07
it's already been written into law in America.
22:10
God Frank Act actually has
22:12
legislation already written, signed off
22:14
by Congress since like 2009 or 11,
22:18
whenever that was, whenever that was done.
22:21
Um, that
22:22
bail wins are part of our code.
22:25
It's, it's available when for
22:28
such a time as this, right? So this is,
22:30
this is the issue. And when
22:32
you put money into a bank, you
22:35
give up rights to it. You think
22:37
it's your money, but really when you deposit
22:39
money into a bank, it's a security
22:42
instrument.
22:42
And you are saying, Hey bank,
22:44
you can do what you want to with the money. You're
22:47
going to give me this ledger entry that says I have this much
22:49
of my checking or savings account, and I can draw from it
22:51
when, when need be, uh, again,
22:53
assuming that it's there, right? Because
22:56
you give away the ownership
22:58
rights to your money when you put it
23:00
into a bank, that's why there's this,
23:02
this problem, right? Because banks have been using
23:05
it to buy stocks, bonds, mutual funds, companies,
23:07
really in everything. Right. And so they
23:10
can't get rid of it because the economy is headed
23:12
south because of Biden's plans for America.
23:14
Well, now we're going to have runs on the banks,
23:17
but instead of having some kind
23:19
of a big, huge, massive government bailout,
23:22
no, they're, they're going to actually
23:24
have
23:25
you the creditor to
23:27
the bank that you gave them a security instrument
23:30
on saying you can use my money. It's
23:32
now yours. Just give me interest on
23:34
it. Now I'll, uh, you're going to make it convenient
23:37
for me to write checks on it and use my debit card
23:39
and whatever. So this is, this is a problem.
23:41
This is why a bail-in is different
23:43
than a government bailout, but
23:45
it's already been written into
23:48
law and it has been
23:49
since for the last 12, 13, 14 years. However
23:53
long it's been. It's been a long time. Wow.
23:55
Okay. So if you're listening thinking, Oh my gosh, what
23:57
am I going to do? I got all this money in the bank. I
24:00
would recommend going to flyovergold.com
24:02
and getting a hold of Dr. Kirk because he can
24:04
help you to get that money out of the bank and actually
24:06
get into something tangible. So when you
24:08
go to flyovergold.com, just fill out your information.
24:11
Someone from Dr. Kirk's team can get a hold of you to
24:13
answer questions for you.
24:14
All right, so I wanna go back to where I started in the beginning with
24:16
all my analogies and everything else.
24:19
Bad pilots on the plane and woodpeckers
24:21
in the boat. Why was David saying all
24:23
of these things? Well, there's been a precedent established
24:26
by the current administration of
24:29
what I call the old Biden administration. Obama
24:31
and the whole cast of characters that was around during
24:33
his eight years are all surrounding Joe
24:36
Biden right now. And they
24:39
got a habit of picking the worst people
24:41
in every single position. Just to, I mean, we
24:43
all know that Kamala Harris was picked, not
24:45
based on her resume, but because she checked
24:48
enough boxes to say, hey, it was predetermined.
24:50
They didn't pick from a pool of all candidates. They picked
24:52
from a smaller pool to check intersectionality.
24:56
And it's over and over and over. We could go through a bunch
24:58
of these, but Sam Brinton, the
25:00
nuclear waste executive
25:03
they brought in, the guru to fix
25:05
nuclear waste, this
25:09
guy blew up over the weekend. He's been
25:11
arrested in pursuit because of the- So
25:13
he's been let go of that position. Let go of that, out
25:15
of that position. These
25:17
are the workshops that he's a part of on the weekends. This
25:20
was all long before they chose him. You
25:22
hire people, Dr. Kirk to work for you,
25:25
you at least look at their Facebook history and
25:27
stuff. And it's like, oh, this is not a person
25:30
chosen. It's not in spite of these things. They
25:32
choose these people because of
25:35
their flaws. I mean, it's over and over and over
25:37
throughout the entire Biden administration over the last
25:39
weekend, the LA Dodgers, everybody's familiar with this
25:41
story because it's blown up with the sisters
25:43
of perpetual indulgence.
25:47
You can just dig into this in your own time. I don't want
25:49
to get into all the details of these people's,
25:52
their moral bankruptcy, but you
25:57
kind of think that the people in charge of
25:59
the most powerful position.
25:59
in our country are chosen because they're
26:02
gonna keep us safe. They're there to protect
26:04
us.
26:05
And Biden had his
26:07
top financial advisor as a vice
26:09
president. It was a guy named Jared Bernstein.
26:12
And I'm gonna play a clip real quick
26:14
and get your response to this real quick.
26:17
It's just a short vertical story. We'll
26:19
put the links to these down below. People can research
26:21
these characters. But we're looking at the crisis
26:23
that's in play
26:25
and you think, well, who is advising Biden,
26:30
I mean, whoever's making the decisions around
26:32
him. These people are chosen
26:35
for a reason. Let's play this
26:37
clip real quick. One final question and I
26:39
gotta be honest. I don't know how you're gonna answer it. So
26:41
I'm kind of excited. So in 2014, Jared
26:44
Bernstein published an op-ed in
26:46
the New York Times titled, De-thrown,
26:48
quote, King Dollar. Where Mr. Bernstein
26:51
advocated for the US government to actively
26:53
take steps to remove the dollar as the
26:55
global reserve currency. President
26:57
Biden has now nominated him to
26:59
be the head of his council of economic advisors.
27:02
All while the Chinese are actively undermining the dollar
27:04
as a global reserve currency and their successes are
27:07
increasing both in number and at an ever
27:09
increasing rate. Do you agree
27:11
with Mr. Bernstein that the US government should
27:14
take steps to actively remove the dollar
27:17
as the global reserve currency? We agree. I
27:19
really appreciate that. It's disappointing
27:22
that the president is nominating someone
27:24
that disagrees with both of our positions
27:26
on this. If we do lose the dollar, the
27:29
cost of import goods will skyrocket. We'll
27:31
lose our ability to borrow at current
27:33
levels. Inflation will be higher
27:36
than it already is.
27:37
Wow. Okay, we're gonna put, this is
27:39
a 2014 article in the New York Times. We're gonna put a copy
27:41
of it in the links below. If you wanna read this for yourself, the
27:44
title of the article is De-thrown, King
27:46
Dollar. It's his economic plan. This is
27:48
the chief economic advisor
27:51
to Joe Biden. He's put, he's just recently
27:53
been elevated to this position. This is
27:55
the loudest voice when it comes to economics
27:57
in
27:58
Joe Biden's ear, based on the-
27:59
what I understand there,
28:02
Jared Bernstein, there's
28:04
this picture up on the screen there. These
28:08
people seem to be chosen
28:11
because of their flaws, not in spite
28:13
of, and they don't represent, most Americans
28:15
would not say, we want the
28:18
dollar to be eliminated as the
28:20
reserve currency for global
28:22
trades.
28:23
It is, and
28:25
they're elevating people to
28:27
push that agenda.
28:29
They are, and this again
28:31
goes back to the forward
28:33
thinking and the insight and intuition
28:36
and godly wisdom that we talk about on this show every
28:38
single week. Because back in October,
28:40
and we've talked about this before in the past, this
28:42
is just amplifying
28:44
everything that we're talking about. When
28:46
President Biden was at an ice
28:49
cream shop,
28:50
licking on his double, Kim
28:53
Cohn, and the reporter asked him if he
28:55
was concerned about the demise of the US dollar,
28:57
and his answer was frankly no,
28:59
I'm more concerned about the global economy
29:01
and the collapse of that.
29:03
My question is on the couple
29:06
of shows that we talked about that after that was
29:10
good grief. Is he not the president
29:12
supposedly of the United States, right?
29:14
Not of the world, but every decision
29:17
that he is making amplifies
29:19
that position that he cares more about
29:21
this global agenda than he does
29:24
about America.
29:25
And
29:27
no different. If you look
29:30
at who Bernstein is, he was
29:32
part of Clinton's Labor Department. He's
29:35
been known to be a big backer
29:37
of worker power. What does worker
29:40
power mean?
29:41
It doesn't mean that he wants America to be
29:44
great again. Basically
29:48
that's code for communism and
29:51
fascist type policies. Of the
29:53
government controlling the workers, a lot of unions
29:55
and everything else. That's worker power.
29:58
got that
30:00
happening, which he doesn't care about the US
30:03
workers. He doesn't.
30:05
He doesn't care about jobs
30:07
in this country.
30:08
Because if you've got a lot
30:11
of Union states, right, the Union
30:13
states, it's awful. The states
30:16
that are booming economically is because
30:18
you don't have a lot of labor unions. That's a communist
30:21
ideology of unions,
30:24
right, rather than
30:25
just hiring people because they're good workers,
30:28
because they have a great resume, because you
30:30
know that they're going to do great for you. And
30:32
if they don't, you can fire them.
30:34
Unions don't allow that. So he wants worker
30:36
power, right? So then you
30:39
couple that
30:40
with this, this not just
30:42
a little whisper in Biden's ear, but
30:45
a big loud shout, we
30:47
are going to dethrone the US
30:49
dollar as the world's reserve currency in exchange
30:52
for a global currency. This is
30:54
the agenda of this administration.
30:56
It's anti American, it's anti family.
30:59
And every other decision
31:01
that we are seeing points to
31:03
anti American anti family type policies.
31:06
And we should not be surprised by
31:08
this. Yeah, we can be disgusted by it. But
31:11
we shouldn't be surprised by it, because they're
31:13
not hiding that fact.
31:15
They're bragging about it. They're bragging about
31:17
their globalist, ridiculous,
31:21
anti, you know, these are
31:23
not moral decisions. These are
31:25
not real decisions. This is
31:27
the erosion of the character of America
31:30
happening right underneath our nose. And
31:32
it's in its intentional flower family, we could spend
31:34
time on this show talking about anything we want, we
31:36
could be hammering the vaccines,
31:38
we could be talking about hospital protocols, we could be talking
31:41
about
31:42
the corruption of the FBI, we could be talking about
31:44
a lot of those things, but the most eminent threat
31:48
to us personally,
31:50
us listeners, the American people,
31:52
the 99% that are going
31:54
to work coming home trying to raise their family is
31:57
everything that you've worked for is being crushed.
31:59
I have full faith
32:01
that God has a better plan for America,
32:04
that our best days are ahead of us, but it's like
32:06
listening to a weatherman saying, hey, it's gonna be 40 below zero.
32:10
We've got an Arctic blast coming in.
32:12
You don't then go to work in your flip-flops
32:15
and shorts and a t-shirt. You wear
32:17
a coat. You make smart decisions based on
32:19
the environment you're in. You're looking towards spring.
32:21
You're looking towards summer. It's going to
32:24
change, but it
32:26
affects what you wear today. The decisions
32:28
we're making right now are gonna affect where
32:30
your family is at the end of this year, at the
32:32
end of next year. We all are looking towards 2024,
32:36
but you don't want to lose everything that you've worked for in
32:38
the meantime, waiting for that to happen.
32:40
So Dr. Kirk, what can people do? I
32:43
mean, obviously we talk about flyover gold. I
32:45
mean, what is a way that people
32:48
can
32:48
protect themselves during this time? Well,
32:52
number one, so
32:54
part of what we talked about earlier
32:57
on the show about these regional banks
32:59
failing, that's what Andy Scheckman and Kiyosaki
33:02
were talking about. In the past,
33:04
I mean, my recommendation was get, you know,
33:07
credit unions are the safest, regional banks are
33:09
second. Stay away from the big, huge
33:11
monster banks and the little small one-off
33:13
mom and pops, because the mom
33:15
and pops don't have enough capital to withstand a
33:17
storm. The big ones have tens of trillions,
33:20
upward to $50 trillion worth of derivatives
33:22
debt. That's a lot of damage, but
33:24
now
33:25
things have changed, right? With FDIC
33:28
being underinsured, with these banks, there's
33:31
this movement,
33:33
you know, basically in the global banking
33:35
world of consolidation,
33:37
big banks buying up middle banks, middle banks
33:39
buying up small banks. So the regional
33:42
banks are no longer safe.
33:43
We've seen, every bank that we've seen
33:46
fail has been a regional bank that's
33:48
being gobbled up by the big ones. Well, this
33:50
is now part
33:51
of what I would say a bigger clandestine plan
33:54
to actually usher in central bank
33:56
digital currency.
33:57
So with that being said,
33:59
it's like, like, well, probably have your money
34:02
and credit unions for the time being, but have
34:04
you have to be flexible
34:05
with this, right? As soon as your
34:08
bank or credit union
34:09
unleashes the forever for
34:11
the Fed now app on
34:13
your phone.
34:14
Okay. It's like, okay, this is this to me
34:16
is the mark of the beast in this part of the technology
34:19
moving into that direction. Change
34:21
banks. So I got to say things are changing
34:24
by the second. We just have to adapt
34:26
and act accordingly. Number two
34:28
tried and true since
34:31
well, longer than any of us have been
34:33
alive
34:34
is tangible assets like gold
34:36
and silver thrive, right? They're an
34:38
insurance policy against a collapsing
34:41
currency.
34:42
Where we've talked
34:44
about this and David, you talked about this example
34:46
a lot. What a one ounce of gold
34:49
could buy you, you know, in the night these,
34:51
they would buy you a finely tailored men's suit, a
34:53
shirt, a tie, a belt and shoes today.
34:56
20 bucks gets you absolutely not. You can't
34:58
even get a pair of socks for crying out
35:00
loud or a date night to going
35:02
to a fast food restaurant. Right.
35:05
Yeah. Yeah. One
35:07
ounce of gold still buys you a finely tethered man's suit, a shirt, a tie, a belt
35:09
and shoes. It is your insurance policy
35:12
against the inflationary spiral that we're going
35:14
into, but you could use it for barter.
35:16
We have to start thinking differently about,
35:19
you know, in the past,
35:21
if we wanted to get out of the stock bond market
35:23
because they were collapsing, we just put our money in cash
35:25
in the bank and sit on the sideline. That's
35:28
no longer safe either
35:30
given the insurance. So you have to
35:32
reallocate, reposition, retrain
35:35
your mind against the normalcy
35:38
bias that we've always known. It's like, oh, cash
35:40
is king, cash is safe. No, it's not,
35:42
not anymore. Not with the inflationary pressures
35:44
that we've seen. So I would go into tangible
35:46
assets like silver, like gold as a reallocation
35:49
into safety.
35:51
That's how you should view it right now. But
35:53
not just safety. We don't have to settle for that.
35:55
It's actually silver is the number one performing
35:57
asset in the world. You actually safety.
36:00
and growth, protection and
36:02
provision
36:03
all in one. And that's an amazing thing
36:06
that we can thrive with. That is so
36:08
good. You can go to flyovergold.com.
36:11
When you do, it's a landing page. It's a great place to
36:13
look up information, but also when you
36:15
scroll down to the bottom, there's a place for you to fill out
36:18
your information. When you do that, someone
36:20
from Dr. Kirk's team will get ahold of you. They'll
36:22
set up a free consultation to help
36:24
you walk through this time. There's no reason to be scared.
36:27
There are solutions, and
36:29
this is an incredible team that we love, that
36:31
we trust, that our family uses. That
36:34
you can use as well. So go to flyovergold.com,
36:37
or you can call 720-605-3900. Dr.
36:42
Kirk, thank you so much for your time. Thank you for your expertise.
36:45
Thank you also for the peace that you bring
36:47
in a time that seems so hectic. We really appreciate
36:49
it.
36:50
It's my pleasure. Are you having a hard
36:52
time sleeping at night, thinking, what
36:55
am I going to do about my finances?
36:57
You know, times are really changing. They're changing
36:59
fast. Let me give you a quick example of how. In 1920, if
37:02
you had a $20 bill and one ounce
37:04
of gold, you could go into any men's clothing store
37:06
and buy an entire suit. Wow! You
37:08
could buy the jacket, the shirt, the belt, shoes, the whole bit.
37:11
Today, that $20 bill, what's it going to get
37:13
you? Not much. Maybe the socks, maybe a handkerchief,
37:15
but the one ounce of gold could still buy you the
37:17
entire suit at any men's store
37:20
in America. That's the difference. That's what
37:22
inflation does to your dollar. It's a deflating
37:24
dollar caused by inflation. Now today, that's
37:27
happening
37:27
faster than ever. You
37:29
need somebody that you trust that can help get you
37:31
out of a fake currency and into something
37:33
that's going to keep you safe.
37:34
And we know a guy that has
37:37
two PhDs by the name of Dr.
37:39
Dr. Kirk Elliott. We have known him for over 25
37:41
years and he's someone
37:44
we completely trust.
37:45
You need somebody that you can get a hold of, somebody
37:47
that's going to be there for you to get back out of
37:49
it and then maybe back into the stock market,
37:51
maybe back into something else when things settle
37:53
down. But right now is not that time. You
37:56
need somebody that you trust and somebody you can call and make
37:58
those worries go away.
37:59
That's exactly. So you can go to flyovergold.com,
38:03
fill out your information for your free consultation,
38:06
or you can call 720-605-3900. Do
38:11
it today!
38:12
You'll be glad
38:13
you did. We
38:21
hope you've enjoyed this episode of the Flyover
38:23
Conservatives podcast with David and Stacey
38:25
Wyden. Please subscribe, hit the notification
38:28
bell, and leave us a comment below. Lastly,
38:31
if you enjoyed today's podcast, share with
38:33
those who came to mind. Be blessed
38:35
and make it a great day.
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