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Get Your Money Out of the Banks! - Economic Update

Get Your Money Out of the Banks! - Economic Update

Released Saturday, 3rd June 2023
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Get Your Money Out of the Banks! - Economic Update

Get Your Money Out of the Banks! - Economic Update

Get Your Money Out of the Banks! - Economic Update

Get Your Money Out of the Banks! - Economic Update

Saturday, 3rd June 2023
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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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