August 8, 2025 • 33 mins
🏛️ Political Investigations and Subpoenas
- The House Oversight Committee, led by James Comer, has issued subpoenas to:
- Bill and Hillary Clinton
- Several former U.S. Attorneys General (e.g., Bill Barr, Jeff Sessions, Loretta Lynch, Eric Holder)
- Former FBI Directors (e.g., James Comey, Robert Mueller)
- Current Attorney General Merrick Garland
- The subpoenas relate to the Jeffrey Epstein case, aiming to uncover the federal government's handling of it and connections to high-profile individuals.
- The investigation includes bipartisan support and references to Epstein’s documented visits to the White House and flights with Bill Clinton.
🖊️ Autopen Controversy
- Comer is also investigating the use of the autopen in the Biden administration.
- Allegations suggest President Biden may not have been aware of documents signed in his name, including executive orders and pardons.
- Witnesses reportedly pled the Fifth or claimed memory issues, fueling speculation about who was truly making decisions in the White House.
🌐 Trump’s Tariff and Trade Policies
- The podcast strongly supports Donald Trump’s trade policies, particularly:
- Tariffs on China, India, Canada, Brazil, and others.
- Justification includes energy purchases from Russia and unfair trade practices.
- Claims that tariffs have:
- Boosted domestic manufacturing
- Reduced the trade deficit
- Not led to the predicted economic downturn or inflation
- Trump is portrayed as a deal-maker, using tariffs as leverage to negotiate better trade terms.
💊 Pharmaceutical Tariffs
- Trump proposes high tariffs on pharmaceutical imports, aiming to encourage domestic production for national security reasons.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
US House panel has subpoenaed Bill and Hillary Clinton for
Epstein testimony. The House oversighte Committee also issuing subpoenas for
several former attorney generals and FBI directors. Now the House
Oversite Committee, led by James Comer issuing the subpoenas to
Bill and Hillary Clinton as well as these other that
(00:22):
I mentioned a moment ago, as well as directors of
the FBI. What are they demanding testimony related to the
horrific crimes perpetrated.
Speaker 2 (00:31):
By Jeffrey Epstein.
Speaker 1 (00:33):
Now, to be very clear, these subpoenas are going to
some of the most powerful political figures of the past
three decades, and they will testify in the investigation centering
around Epstein. I want to give you the list that
was put out so that you understand who all is
going to be testifying. Those that are now under subpoena
(00:57):
are number one, former US Attorney General Barr. He will
give his testimony August the seventeenth or eighteenth. Then the
former US Attorney General Alberto Gonzalez August of twenty six,
Former US Attorney General Jeff Sessions August the twenty eighth,
former FBI Director Robert Mueller, September the second, former US
(01:19):
Attorney General Loretta Lynch September the ninth, former US Attorney
General Eric Holder September the thirtieth, Attorney General Merrick Garland
October the second, and then former FBI Director James Comy
October seventh, Former Secretary of State Hillary Clinton October the ninth,
and former President Bill Clinton October the fourteenth.
Speaker 2 (01:41):
If you look at the subpoena timeline, it's very.
Speaker 1 (01:44):
Clear this is going among both conservative and liberals, and
it seems to be building towards the big questions for
former President Bill Clinton and Hillary Clinton. In October, now,
the House Oversight Committee, through Chairman Comer, the Department of
Justice for all records related to Jeffrey Epstein in accordance
(02:05):
with a bipartisan vote by the Federal Law Enforcement Subcommittee
on July the twenty third. Now, that vote included an
amendment from Representative Summer Lee, a Democrat from Pennsylvania, to
expand the scope of the DOJ subpoena in a separate
motion that was also introduced by Representative Scott Perry, a
Republican from Pennsylvania, and then it was approved by a
(02:28):
voice vote. The subcommittee then directed the chairman to compel
testimony from Bill and Hillary Clinton, along with several former
US Attorney generals and FBI directors. The move is part
of the committee's quote Broader investigation into the federal government's
handling of the Epstein case and associated individuals, including Maxwell.
(02:51):
You'll remember her as the woman who is in prison,
Epstein's longtime accomplice who is currently serving a twenty year
sentence for sex trafficking of miners. Bill Clinton's documented interactions
with Jeffrey Epstein also include multiple flights aboard the now
famous Loretta Express, according to his own twenty twenty four
(03:14):
memoir Citizen, My Life After.
Speaker 2 (03:17):
The White House.
Speaker 1 (03:18):
In the book, Clinton acknowledged the flights but downplayed the relationship,
writing quote, I wish I'd never met him. Epstein, also,
by the way, visited the White House at least seventeen
times alone in nineteen ninety three, during Clinton's first year
in office.
Speaker 2 (03:36):
It was also reported by bright Bart News that.
Speaker 1 (03:39):
The Department of Justice filed emotion in the United States
District Court for the Southern District of New York to
unseal grand jury transcripts associated with Epstein's indictment. Penning court approval.
The move, made at the direction of the Attorney General,
also comes amid mounting congressional scrutiny of the DOJ's leaderships
(04:00):
and present leadership, including the former FBI directors James Comy
and Robert Mueller, both of whom have been subpoena to
testify before that House Oversight Committee now. During in exchange
with the reporters on July the twenty fifth, President Trump
criticized the media for focusing on accusations against him, while
(04:21):
in his view, ignoring former President Clinton's connection to Jeffrey Epstein, saying, quote,
you ought to be speaking about Bill Clinton, who went
to the island twenty eight times. Trump said, then he said,
I never went to the island.
Speaker 2 (04:35):
So here we are.
Speaker 1 (04:36):
We have the actual paperwork that's been filed. These subpoenas
have been unleashed in Clinton, Comy, Garland Mueller are now
ordered to testify in the Jeffrey Epstein probe. The goal
here to finally get answers, and it is answers that
now span over a thirty year period and something that
(04:58):
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these accusations also come at a time where James Comer
is also investigating another major issue, and that is who
is running the White House When it clearly wasn't Joe
Biden who was ordering what to be signed with the
(07:33):
autopen and to the President United States of America even
know what the autopen was being used for. Well, James
Comer had this to say the other night on Fox
about that investigation.
Speaker 2 (07:45):
Take a listen, let me let me shift gears here.
Speaker 3 (07:48):
You're also spearheading the effort on the autopen. And there
was another set of another interview that I believe happened today.
Tell us where we're at with the latest on the autopen.
Speaker 4 (08:00):
Well, we interviewed another person that worked very closely with
with Joe, Joe Biden, and uh, I'll say this, Joe
Biden apparently wasn't the only person that had a poor
memory in the in the Biden administration. I mean this,
our witness today couldn't recall anything, just like our witness
earlier from a couple of days ago, Doctor O'Connor, he
(08:21):
pled the fifth So, uh, you know what, what what
we've found thus far is nobody that even the ones
who we thought were in the inner circle of the
Biden White House ever saw Joe Biden. But according to
the report, Joe Biden was in the White House.
Speaker 2 (08:36):
So you know, this doesn't make any sense.
Speaker 4 (08:38):
It adds fuel to the fire that there was a
select few. And when I say a select few, Jason,
I'm talking about I can kill them on one hand
that were calling the shots. There's no evidence thus far
that's emerged that that Joe Biden knew anything about who
was using the auto pen or the process involved in
(09:01):
authorizing the use of opin. We're going to continue. We've
got more names to bring in for depositions. Obviously, we're
going to get to the Ron claims and maybe I
or maybe there'll be people in the Biden's family, immediate
family that'll be implicated in this.
Speaker 2 (09:14):
We're going to bring them all in and we're.
Speaker 4 (09:16):
Gonna get the truth to the American people. And if
Joe Biden's name was was forged on these executive orders
and these pardons, then those executive orders and pardons are
going to face a tough future in a court of law.
Speaker 1 (09:29):
Let's go to the very last thing you just heard
James Comer saying. He said, if Joe Biden's name was
forged on these executive orders and these pardons, then those
executive orders and pardons are going to face a tough
future in a court of law. Why did he say
it that way, because I think he believes, and many
others believe now that the President United Its America had
(09:50):
no idea what his name was being signed to, including
many of those clemency and pardons that were signed remaining
hours of his presidency. We also know there may be
executive orders or even legislation that was signed by the
auto pen that the president had no idea it was
(10:12):
even happening. This is why so many are taking the fifth,
including the former president of the United States of America's
own doctor, who wouldn't answer basic questions when asked before Congress.
So if you look at what's happening right now with
James Comer, it's pretty clear now he's on the offense
(10:32):
and demanding to get answers on these major issues that
Americans are asking real questions about. As for the Democrats,
they should be terrified because now finally their abusive power, well,
they're going to have to face the music for exactly
what they did to Donald Trump and running a country
with a president that didn't know what was even going on.
(10:56):
Donald Trump promised that he was going to put America first,
and he promised that he was going to do it,
especially when it came to trade deals where America was
being taken advantage of by countries literally all over the world,
and he was going to do it by imposing more
tariffs to make it fair trade. He was tired of
American jobs disappearing, American manufacturing disappearing, and again America just
(11:20):
being taken advantage of by countries that had no problem
importing their goods in the US, but weren't even taking
our goods and even in places like the UK.
Speaker 2 (11:29):
A strong ally of ours.
Speaker 1 (11:32):
Well, now we're hearing that Donald Trump could impose more
tariffs on China over Russian oil. But here's the point
that I want to make before we get to that
the media was wrong. They claimed it was all doom
and gloom, that the tariffs weren't going to work, that
it was going to be bare shelves for the Americans
as you went to your favorite store to get basic necessities,
(11:55):
and that it was going to put us into a recession.
None of that happened. Larry Kudlow at Fox News Channel
saying this.
Speaker 5 (12:02):
Yeah, and you know, I remember when everyone said the
market would crash, inflation would skyrocket because of these terroriffs,
but that's not what's happening. And now you've got billions
of dollars coming in. Larry, I want to go. I
want to give it here because yeah.
Speaker 6 (12:18):
That's an important point though, just to you know, we're
thirty seconds here. All the gloom and doom, tariff inflation,
tariff for session, tariff catastrophe, none of that has happened. Okay.
And in fact, as you noted earlier, the tariff revenues
are pouring in. Okay, he can do as much as
(12:39):
four hundred billion this year alone in tariff revenues. Imports
from China, or let's say, Chinese exports to the United States,
all right, their lowest point in over twenty years. Our
trade deficit through June is at its lowest point in
the last two years. Okay. These are all positives. And
(13:04):
basically what he's saying is he wants a level playing
field and he wants to protect the American economy. People
have been taking advantage of the United States and that's
coming to an end now. Instead of warfare, you know,
set of retaliation or the so called world tariff war, no,
it's deal making, deal making everywhere. The deal maker in
(13:26):
chiefe place, Yes, exactly, and you know a place like Japan,
which is difficult, or South Korea which is difficult, or
the European Union which is difficult. So I would say
he's gotten off to a great start on this policy.
Speaker 1 (13:43):
Not only has he got off to a great start,
but other countries are starting to come to the table
quickly to make sure they get their deal done as
fast as they can.
Speaker 2 (13:52):
Now.
Speaker 1 (13:52):
The President has also talked about what he's going to
do with pharmaceuticals, making it clear that he's going to
be putting tariffs on pharmaceuticals. Why because he wants the
made in our country and not us depending on other
nations like China from a national security standpoint. Listen to
President on CNBC on.
Speaker 7 (14:11):
That chips We'll be putting a initially small tariff on pharmaceuticals,
but in one year one and a half year's maximum,
it's going to go to one hundred and fifty percent, and.
Speaker 8 (14:23):
Then it's going to go to two hundred and fifty.
Speaker 7 (14:25):
Percent because we want pharmaceuticals.
Speaker 8 (14:28):
Made in our country.
Speaker 7 (14:29):
And that's not the chipsack like Biden did because he
didn't know what he was doing, where they gave billions
of dollars to companies that had more money than they.
Speaker 1 (14:36):
Knew what to do with, Which brings me to the
new point that Donald Trump is making the new frontier
on tariffs. We're now being told from the White House
the President Trump is now saying he will announce further
tariffs on China, similar to the twenty five percent duties
announced earlier on India over its purchases of Russian depending
(15:01):
on what happens. He said, it could happen, Trump told
reporters after saying he expected to announce more secondary sanctions
aimed at pressuring Russia to end its war in Ukraine,
he said, quote, it may happen.
Speaker 2 (15:15):
I can't tell you yet.
Speaker 1 (15:16):
We did it with India, We're doing it probably with
a couple of others.
Speaker 2 (15:20):
One of them could be China.
Speaker 1 (15:23):
Trump on Wednesday imposed an additional twenty five percent tariff
on Indian goods, on top of a twenty five percent
tariff announced previously, citing its continued purchases of Russian oil. Now,
the White House order did not mention China, which is
another big purchaser of Russian oil. Last week, the Treasury
(15:45):
Secretary Scott Dessent warned China that it could also face
new tariffs if it continued buying the Russian oil. So
China is also responding to this as well, and there
is escalation between the two countries as China pushes back
at the US with their own comments against the president.
Speaker 2 (16:07):
Here's what they said. China quote will.
Speaker 1 (16:10):
Always ensure its energy supply in ways that serves our
national interests, is what the Chinese Foreign Ministry posted on
acts following two days of trade negotiations in Stockholm. Responding
to the US threat of one hundred percent tariff coercion
and pressuring will not achieve anything. China will firmly defend
(16:31):
its sovereignty, security and development interest, the ministry went on
to say. Now the response is notable at a time
when both Beijing and Washington are signaling optimism and goodwill
between the two countries when it comes to well getting
a deal done after climbing down from sky high tariffs
(16:51):
and harsh trade restrictions.
Speaker 2 (16:53):
It also underscores China's.
Speaker 1 (16:55):
Confidence in playing hardball, the country says when dealing with
President Trump in his administration, especially when trade is linked
to its energy and foreign policies. The president saying I'm
not afraid and making it clear that if you're buying
from Russia, it's going to be a problem for the
United States of America, which brings us to the bigger picture,
(17:18):
and the question is what can you expect from new
tariffs on imported goods? Well, American businesses and consumers will
soon have a better idea of how President Donald Trump's
foreign trade agenda might actually affect you directly. What US
customers can expect from the new tariffs on imported goods.
Speaker 2 (17:36):
Is also something that the Associated.
Speaker 1 (17:38):
Press is saying is quote turning real American businesses and
the consumers, they say, will have a better idea of
how President Donald Trump's foreign trade agenda will affect them
when the imposed higher tariffs on products from dozens of
countries hit the shelves.
Speaker 2 (17:54):
Now, it's been nearly one hundred years since the.
Speaker 1 (17:56):
Nation had an overall import tax rate as high as
the one set today, but the individual impact on businesses, costs,
and consumer prices could vary as much as the tariffs
applied to goods of nearly seventy US trading partners from
complicated economies like the European Union to small African nations
(18:19):
as well experts from a majority of them are getting
tax at fifteen percent. For a handful of countries in
Asia the rate is nineteen percent.
Speaker 2 (18:30):
Products from the rest of the world.
Speaker 1 (18:31):
Are subjected to taxes of twenty to fifty percent. Meanwhile,
there's still a fifty five percent tariff on Chinese made.
Speaker 2 (18:39):
Goods as scheduled to take effect next.
Speaker 1 (18:40):
Week if a US China trade deal has not agreed
to on or before then. Now, businesses in the US
and abroad have been dealing in various ways since February
with the tariffs. But what we found is that many
Americans are happy with what they're seeing in the stores
because many companies are actually absorbing the costs for now.
(19:04):
A great example of that is automakers. They appear to
be leading the pack and have absorbed the costs at
this point instead of passing it on to you the consumer. Now,
recent government data indicated that retail prices for groceries, furniture,
and appliances have started to creep up minimally in June,
(19:25):
far less than what the experts claimed when they said
there was going to be doom and gloom. Because tariffs
arery tax on imports, economists had expected US customers to
foot the bill and guess what.
Speaker 2 (19:37):
That is not what has happened at all.
Speaker 1 (19:40):
The projections were all based on analysis of duties implemented
this year through Wednesday, and they said it was going
to be terrible. But the actual price increases a bit
about one point eight percent in the short term, and
the US government has been collecting billions from the countries
at the president decided to put tariffs on so at
(20:02):
the end of the day, as President Trump unveiled the
sweeping import tax on goods coming into the US from
sixty six countries, the European Union, Taiwan, the Falkland Islands
in April, what did he say? He said, the reciprocal
tariffs were meant to boost domestic manufacturing.
Speaker 2 (20:19):
That has happened.
Speaker 1 (20:20):
It's also meant to restore fairness to global trade.
Speaker 2 (20:23):
That has also happened. And here's the point that matters
to you.
Speaker 1 (20:28):
The present pause the country specific tariffs a week later,
but applied to ten percent tax to most imports.
Speaker 2 (20:34):
In early July.
Speaker 1 (20:36):
He began notifying countries that their exports would be subject
to higher tariffs on August one unless they reached the
trade deals. A week ago, he pushed the start date
to Thursday. So here we are, it is Thursday, and
it's real. In the meantime, trump Is also announced a
thirty five percent tariff on imports from Canada, but delayed
(20:58):
action on Mexico while negotiating continue. However, a free trade
agreement reached with Mexico and Canada during Terump's first term
shields most of those countries' products from punishing duties. The
president also ordered a fifty percent tariffs on goods from
Brazil this week. He also's on executive order to take
India's tar freight from twenty five to fifty percent, all
(21:20):
because of, as I mentioned earlier, the purchases of Russian oil.
So the President's not playing. And what we now know
is the President's telling you the truth. If you're one
of these countries around the world, you either come to
the table and get a real deal done or it
is going to hurt your country more than America. As
for the President, he has the backing of the American people.
(21:43):
New pulling data shows, and that's exactly why the President's
continuing to keep the course because the tariffs seem to
be working. I want to get you an update on
where we are in the economy, what's happening. We've seen
a lot of movement recently with Wall Street and a
lot of arguing in fire over interest rates where they
should be the Fed chairman back and forth.
Speaker 2 (22:05):
And then the tariff issue.
Speaker 1 (22:07):
Joining me now to talk about all of this is
Kurt Elliott. He's the founder of Kurt Elliott Precious Metals.
You can find them online at k E p M
dot com KPM dot com.
Speaker 2 (22:19):
Kurt, always a pleasure to have you on.
Speaker 1 (22:21):
Let's talk about where we are when it comes to
this economy and what it's been doing in relation to
gold and silver. We've seen a lot of fighting over
interest rates. We've seen a lot of fighting over tariffs
as well. We've seen a lot of movement in the
market over the last several weeks and that has actually
push gold prices up since last time I had you
on seventy plus dollars if I'm not mistaken, and silver's
(22:42):
gone up as well.
Speaker 8 (22:44):
Yeah. I mean, gold and silver ben respond to turmoil
and chaos and uncertainty, and we're seeing this amazing growth
in gold and silver without without the biggest thing that's
actually going to cause their growth, which are actually be
lowering interest rates, right, so we're seeing growth before that happens,
(23:05):
and that is going to happen, you know, when you
look at the economy and you look at the amazing
things Trump is doing to actually grow our economy set
us up for success rather than failure. A big thing
happened just earlier today when when Stephen Mirin, you know,
(23:25):
head of the Council for Economic Advisors, was basically Trump's
going to put him in to the vacant seat that
Kogler had at the Federal Reserve Board of Governors. Which
is this battle, right, there's this battle between Jerome Powell
and President Trump on Trump says, you've got a lower
interest rate to stimulate this economy, and Powell says, no,
(23:46):
I'm not, you know, for whatever reason, political differences, who knows.
But placing somebody in there who's basically going to pro America,
pro US citizen, lower interests rates to make mortgages cheaper,
stimulate the economy, grow things is going to be so
good for the economy, bend so incredibly good because right now,
(24:10):
as I look at it as an economist, there's two
things that basically the president can do. Two things that
the Federal Reserve can do to grow the economy, right
the President Congress. That's fiscal policy. They can lower taxes
to grow the economy, which Trump is doing. Or you
(24:30):
can have productive government spending. I want to say productive
because there's a lot of government spending that's not so.
When you have productive government spending increases aggregate demand, lower taxes.
That grows the economy. What does the Fed do to
grow the economy. That's monetary policy. They can print money,
which they are printing money, you know, kind of like
(24:52):
field of dreams. Build it and they will come. You
print money, people are going to spend it. But the
other way to grow the economy is lower interest rates.
They are not You don't have all four of these
levers working at the same time, which is why Trump
has massive political headwinds to deal with. Which what happened
this morning with the new appointment to the Board of Governors,
(25:14):
This could be very, very good for the US economy.
Speaker 1 (25:17):
Ben Well, I was gonna ask me, you talk about
this appointment, what does that mean for the average person listening.
Speaker 8 (25:24):
So for the average person listening, you've got these seven
people that are on the Board of Governors, and they
vote for policy at the federal reserve level. So even
if Trump is fighting against Jerome Powell, right, it's like, well,
maybe he doesn't have to focus so much on fighting
with Jerome Powell if he has another person on board
that could be the deciding vote on saying well, let's
(25:46):
just lower interest rates. Right, So maybe this is going
to push them over the edge to actually do something
that's actually really really good for the American consumer, to
stimulate the economy, bring jobs back to America. Which, boy,
the tariffs that we're seeing, Ben this is when after
(26:07):
win after win, that Trump is just like doing such
amazing things. I mean, I can't believe that he got
Europe to say, yeah, fifteen percent tariff on of European
goods coming in, zero percent on US goods going there,
and then committing to buying seven hundred and fifty billion
(26:29):
dollars worth of energy in America. It's like wow. And
the same thing with Japan fifteen percent tariff on Japanese goods,
zero percent on Americans going in. And how about the
fifty percent tariff on India if they continue buying Russian
energy products. It's like, oh, my words, Trump is not
messing around when he's using this as a negotiating tool
(26:50):
to not just bring money back into America, have other
countries basically put our tax bill, right, That's that's what
tariffs are all about. But what he's doing is he's
leveling the playing field that's been so unfair for so long.
And I've never been so excited about the future of America,
(27:11):
the economic growth that's coming. And when you think about it,
how do we invest during times of economic growth? Tangible
assets go up a lot. Silver. The demand for silver
is going to go through this ceiling then, because it's
going to be used for more solar and electric vehicles
and battery technology, and military industrial complex and nuclear power
(27:34):
and all of the demand and AI. Right, it's like
there's a lot of demand, which will be even more
as the economy grows.
Speaker 1 (27:44):
Yeah, it really is incredible to witness this right now,
and you look at it, these numbers, they keep hitting
these highs. Certainly on the gold side, I mean we're
almost at thirty four hundred ounce. Silver is actually many believe,
one hell of a deal right now at around thirty
eight and ounce because of how much of it is
going to be needed, as you just mentioned, and when
(28:05):
you look at this. For people that are listening right now,
is it insane to think, hey, maybe I want to
go more into silver. It just seems like it might
be a better value.
Speaker 8 (28:15):
It's it's not insane, it is it actually is a
better value. That's why as a firm, we're allocated more
into silver, because with gold you have this flight for
quality type demand. Right, the worst things get, the more
unstable they are, the more inflationary pressures you have, the
more geopolitical conflict, the better gold does. But it's a
financial metal. Silver has all of those characteristics as well,
(28:39):
but it also has industrial demand. It's used in electronics
and all the chips that are used for AI and
cryptocurrency mining and all this other stuff. Like, you've got
this whole extra element of demand that you have that
you don't have with gold. But here's the thing, economics,
one on one, let's just boil it down to simplicity.
(28:59):
When you have more demand and less supply, prices go up. Right,
Which is why we're allocated so heavily into silver, is
to actually minimize people's risk. Right, You minimize risk by
going into the thing that's going to grow and outperform
the market. Now, not God. I don't control things. I
(29:20):
can't make guarantees right, But all the fundamentals that are
pushing gold and silver up, I don't see them stopping
or slowing down anytime real soon.
Speaker 1 (29:31):
Let's talk also about where we're going to go with
this economy and what can happen there. It seems that
almost everybody out there is saying the idea that we
were going into recession is now a dead idea. And
now that's where you're seeing Wall Street, I think take
off and people are looking at big opportunities now.
Speaker 2 (29:49):
Is that something that also excites you as well?
Speaker 8 (29:53):
It very much excites me because what we're seeing for
the first time and literally since like maybe nineteen thirteen,
you know, because back then he had the irs. The
Federal Reserve came into a fact that the Federal Reserve
Act is now with Trump issuing stable coins, the Genius Act,
the Stable Colin Act. What are people doing they're saying
(30:16):
by them saying, I like cryptocurrency. Stable coins are a
way to actually invest in the US dollar outside of
this paper money that the Federal Reserve is printing, because
it can be issued by tether or circle or PayPal.
Speaker 3 (30:31):
Right.
Speaker 8 (30:31):
Stable coins are blockchain versions of US dollars creates demand.
And if Trump gets his way and allows for real
estate and cryptocurrency to go into four oh one KSE,
this is going to open up the door to alternative assets,
to a way of people thinking, Wow, I didn't trust
banks before, I didn't trust the government, but look what
(30:53):
Trump is doing. He's giving me options to invest the
way that I want to. And when you start to
see people moving away from the assets that they've known
since nineteen thirteen, paper based money printed by FIAT to
something that's different like gold and silver or decentralized blockchain
(31:14):
and cryptocurrency, that's a pendulum shifting moment which I think
we're going to be at the forefront of a new
digital economy, a new alternative asset economy that's going to
be just different than what we've known for the last
hundred plus years. And I'm excited about that because we're
going to be at the forefront of it.
Speaker 2 (31:33):
Yeah, it really is incredible.
Speaker 1 (31:35):
If you want to find out more about what all
they do at Kurt Elliott Precious Metals their company, I use,
I trust them and they will work with you to
make sure that you're reaching your goals and your aspirations
for your future. They also do a great job of
just selling you gold and silver, not jacking up prices
(31:55):
on quote rare coins. They can make huge profits and
they also so are easy when you want to go
and sell your coins as well.
Speaker 2 (32:03):
You can find out more.
Speaker 1 (32:05):
At Kurt or at k e PM dot com. That's
k e PM dot com.
Speaker 2 (32:13):
And when I say they're.
Speaker 1 (32:14):
Just real simple, one of the things I love is Kurt,
you guys actually tell everyone what you are going to
what the transaction looks like. If you're buying gold or silver,
you know exactly what you're paying over the spot price
right now, and when you go to sell it, you
guys don't take a huge fee. That's why I love
the honesty and transparency. So thanks for doing that way
as well.
Speaker 8 (32:35):
Oh you are so welcome. You know it is simple
eight percent. You purchased zero percent when you liquidate. If
anyone's trying to sell you high grade rare coins that
are super expensive and high premium, if you tried to
buy that from us, I would send you back and
it's like I don't sell those, it's not a good investment.
So bullion only, low cost transparency, Wow, that's how you
(32:56):
grow and compound your ounces and gain wealth.
Speaker 2 (33:00):
There you go. I love it.
Speaker 1 (33:01):
Check them out online k E p M dot com.
Kurt always a pleasure. Thank you, sir, don't forget Share
this podcast please with your family and your friends wherever
they are, and I will see you back here tomorrow
US House panel has subpoenaed Bill and Hillary Clinton for
Epstein testimony. The House oversighte Committee also issuing subpoenas for
several former attorney generals and FBI directors. Now the House
Oversite Committee, led by James Comer issuing the subpoenas to
Bill and Hillary Clinton as well as these other that
(00:22):
I mentioned a moment ago, as well as directors of
the FBI. What are they demanding testimony related to the
horrific crimes perpetrated.
Speaker 2 (00:31):
By Jeffrey Epstein.
Speaker 1 (00:33):
Now, to be very clear, these subpoenas are going to
some of the most powerful political figures of the past
three decades, and they will testify in the investigation centering
around Epstein. I want to give you the list that
was put out so that you understand who all is
going to be testifying. Those that are now under subpoena
(00:57):
are number one, former US Attorney General Barr. He will
give his testimony August the seventeenth or eighteenth. Then the
former US Attorney General Alberto Gonzalez August of twenty six,
Former US Attorney General Jeff Sessions August the twenty eighth,
former FBI Director Robert Mueller, September the second, former US
(01:19):
Attorney General Loretta Lynch September the ninth, former US Attorney
General Eric Holder September the thirtieth, Attorney General Merrick Garland
October the second, and then former FBI Director James Comy
October seventh, Former Secretary of State Hillary Clinton October the ninth,
and former President Bill Clinton October the fourteenth.
Speaker 2 (01:41):
If you look at the subpoena timeline, it's very.
Speaker 1 (01:44):
Clear this is going among both conservative and liberals, and
it seems to be building towards the big questions for
former President Bill Clinton and Hillary Clinton. In October, now,
the House Oversight Committee, through Chairman Comer, the Department of
Justice for all records related to Jeffrey Epstein in accordance
(02:05):
with a bipartisan vote by the Federal Law Enforcement Subcommittee
on July the twenty third. Now, that vote included an
amendment from Representative Summer Lee, a Democrat from Pennsylvania, to
expand the scope of the DOJ subpoena in a separate
motion that was also introduced by Representative Scott Perry, a
Republican from Pennsylvania, and then it was approved by a
(02:28):
voice vote. The subcommittee then directed the chairman to compel
testimony from Bill and Hillary Clinton, along with several former
US Attorney generals and FBI directors. The move is part
of the committee's quote Broader investigation into the federal government's
handling of the Epstein case and associated individuals, including Maxwell.
(02:51):
You'll remember her as the woman who is in prison,
Epstein's longtime accomplice who is currently serving a twenty year
sentence for sex trafficking of miners. Bill Clinton's documented interactions
with Jeffrey Epstein also include multiple flights aboard the now
famous Loretta Express, according to his own twenty twenty four
(03:14):
memoir Citizen, My Life After.
Speaker 2 (03:17):
The White House.
Speaker 1 (03:18):
In the book, Clinton acknowledged the flights but downplayed the relationship,
writing quote, I wish I'd never met him. Epstein, also,
by the way, visited the White House at least seventeen
times alone in nineteen ninety three, during Clinton's first year
in office.
Speaker 2 (03:36):
It was also reported by bright Bart News that.
Speaker 1 (03:39):
The Department of Justice filed emotion in the United States
District Court for the Southern District of New York to
unseal grand jury transcripts associated with Epstein's indictment. Penning court approval.
The move, made at the direction of the Attorney General,
also comes amid mounting congressional scrutiny of the DOJ's leaderships
(04:00):
and present leadership, including the former FBI directors James Comy
and Robert Mueller, both of whom have been subpoena to
testify before that House Oversight Committee now. During in exchange
with the reporters on July the twenty fifth, President Trump
criticized the media for focusing on accusations against him, while
(04:21):
in his view, ignoring former President Clinton's connection to Jeffrey Epstein, saying, quote,
you ought to be speaking about Bill Clinton, who went
to the island twenty eight times. Trump said, then he said,
I never went to the island.
Speaker 2 (04:35):
So here we are.
Speaker 1 (04:36):
We have the actual paperwork that's been filed. These subpoenas
have been unleashed in Clinton, Comy, Garland Mueller are now
ordered to testify in the Jeffrey Epstein probe. The goal
here to finally get answers, and it is answers that
now span over a thirty year period and something that
(04:58):
every American deserves to hear the truth on. Are you
one of those that's just so tired of giving your
money to radical left woke companies that actually are fighting
against your values every day. Well, there are certain bills
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Speaker 2 (05:18):
In fact, why not.
Speaker 1 (05:19):
Go with a conservative company actually takes part of your
bill every month that you're going to pay to somebody,
and they give it back to organizations that support your
First and your Second Amendment rights, that support the rights
of unborn children, that stand with our military, are first responders,
and so many wounded warriors that need help. Well, that
(05:40):
bill I'm talking about is your cell phone bill. And
I've been telling you for a long time about Patriot Mobile.
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Speaker 2 (06:03):
And why would you want to give your mond a
big mobile?
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Big Mobile has been giving big donations to democratic causes,
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Patriotmobile dot com slash ferguson nine seven to two Patriot. Now,
these accusations also come at a time where James Comer
is also investigating another major issue, and that is who
is running the White House When it clearly wasn't Joe
Biden who was ordering what to be signed with the
(07:33):
autopen and to the President United States of America even
know what the autopen was being used for. Well, James
Comer had this to say the other night on Fox
about that investigation.
Speaker 2 (07:45):
Take a listen, let me let me shift gears here.
Speaker 3 (07:48):
You're also spearheading the effort on the autopen. And there
was another set of another interview that I believe happened today.
Tell us where we're at with the latest on the autopen.
Speaker 4 (08:00):
Well, we interviewed another person that worked very closely with
with Joe, Joe Biden, and uh, I'll say this, Joe
Biden apparently wasn't the only person that had a poor
memory in the in the Biden administration. I mean this,
our witness today couldn't recall anything, just like our witness
earlier from a couple of days ago, Doctor O'Connor, he
(08:21):
pled the fifth So, uh, you know what, what what
we've found thus far is nobody that even the ones
who we thought were in the inner circle of the
Biden White House ever saw Joe Biden. But according to
the report, Joe Biden was in the White House.
Speaker 2 (08:36):
So you know, this doesn't make any sense.
Speaker 4 (08:38):
It adds fuel to the fire that there was a
select few. And when I say a select few, Jason,
I'm talking about I can kill them on one hand
that were calling the shots. There's no evidence thus far
that's emerged that that Joe Biden knew anything about who
was using the auto pen or the process involved in
(09:01):
authorizing the use of opin. We're going to continue. We've
got more names to bring in for depositions. Obviously, we're
going to get to the Ron claims and maybe I
or maybe there'll be people in the Biden's family, immediate
family that'll be implicated in this.
Speaker 2 (09:14):
We're going to bring them all in and we're.
Speaker 4 (09:16):
Gonna get the truth to the American people. And if
Joe Biden's name was was forged on these executive orders
and these pardons, then those executive orders and pardons are
going to face a tough future in a court of law.
Speaker 1 (09:29):
Let's go to the very last thing you just heard
James Comer saying. He said, if Joe Biden's name was
forged on these executive orders and these pardons, then those
executive orders and pardons are going to face a tough
future in a court of law. Why did he say
it that way, because I think he believes, and many
others believe now that the President United Its America had
(09:50):
no idea what his name was being signed to, including
many of those clemency and pardons that were signed remaining
hours of his presidency. We also know there may be
executive orders or even legislation that was signed by the
auto pen that the president had no idea it was
(10:12):
even happening. This is why so many are taking the fifth,
including the former president of the United States of America's
own doctor, who wouldn't answer basic questions when asked before Congress.
So if you look at what's happening right now with
James Comer, it's pretty clear now he's on the offense
(10:32):
and demanding to get answers on these major issues that
Americans are asking real questions about. As for the Democrats,
they should be terrified because now finally their abusive power, well,
they're going to have to face the music for exactly
what they did to Donald Trump and running a country
with a president that didn't know what was even going on.
(10:56):
Donald Trump promised that he was going to put America first,
and he promised that he was going to do it,
especially when it came to trade deals where America was
being taken advantage of by countries literally all over the world,
and he was going to do it by imposing more
tariffs to make it fair trade. He was tired of
American jobs disappearing, American manufacturing disappearing, and again America just
(11:20):
being taken advantage of by countries that had no problem
importing their goods in the US, but weren't even taking
our goods and even in places like the UK.
Speaker 2 (11:29):
A strong ally of ours.
Speaker 1 (11:32):
Well, now we're hearing that Donald Trump could impose more
tariffs on China over Russian oil. But here's the point
that I want to make before we get to that
the media was wrong. They claimed it was all doom
and gloom, that the tariffs weren't going to work, that
it was going to be bare shelves for the Americans
as you went to your favorite store to get basic necessities,
(11:55):
and that it was going to put us into a recession.
None of that happened. Larry Kudlow at Fox News Channel
saying this.
Speaker 5 (12:02):
Yeah, and you know, I remember when everyone said the
market would crash, inflation would skyrocket because of these terroriffs,
but that's not what's happening. And now you've got billions
of dollars coming in. Larry, I want to go. I
want to give it here because yeah.
Speaker 6 (12:18):
That's an important point though, just to you know, we're
thirty seconds here. All the gloom and doom, tariff inflation,
tariff for session, tariff catastrophe, none of that has happened. Okay.
And in fact, as you noted earlier, the tariff revenues
are pouring in. Okay, he can do as much as
(12:39):
four hundred billion this year alone in tariff revenues. Imports
from China, or let's say, Chinese exports to the United States,
all right, their lowest point in over twenty years. Our
trade deficit through June is at its lowest point in
the last two years. Okay. These are all positives. And
(13:04):
basically what he's saying is he wants a level playing
field and he wants to protect the American economy. People
have been taking advantage of the United States and that's
coming to an end now. Instead of warfare, you know,
set of retaliation or the so called world tariff war, no,
it's deal making, deal making everywhere. The deal maker in
(13:26):
chiefe place, Yes, exactly, and you know a place like Japan,
which is difficult, or South Korea which is difficult, or
the European Union which is difficult. So I would say
he's gotten off to a great start on this policy.
Speaker 1 (13:43):
Not only has he got off to a great start,
but other countries are starting to come to the table
quickly to make sure they get their deal done as
fast as they can.
Speaker 2 (13:52):
Now.
Speaker 1 (13:52):
The President has also talked about what he's going to
do with pharmaceuticals, making it clear that he's going to
be putting tariffs on pharmaceuticals. Why because he wants the
made in our country and not us depending on other
nations like China from a national security standpoint. Listen to
President on CNBC on.
Speaker 7 (14:11):
That chips We'll be putting a initially small tariff on pharmaceuticals,
but in one year one and a half year's maximum,
it's going to go to one hundred and fifty percent, and.
Speaker 8 (14:23):
Then it's going to go to two hundred and fifty.
Speaker 7 (14:25):
Percent because we want pharmaceuticals.
Speaker 8 (14:28):
Made in our country.
Speaker 7 (14:29):
And that's not the chipsack like Biden did because he
didn't know what he was doing, where they gave billions
of dollars to companies that had more money than they.
Speaker 1 (14:36):
Knew what to do with, Which brings me to the
new point that Donald Trump is making the new frontier
on tariffs. We're now being told from the White House
the President Trump is now saying he will announce further
tariffs on China, similar to the twenty five percent duties
announced earlier on India over its purchases of Russian depending
(15:01):
on what happens. He said, it could happen, Trump told
reporters after saying he expected to announce more secondary sanctions
aimed at pressuring Russia to end its war in Ukraine,
he said, quote, it may happen.
Speaker 2 (15:15):
I can't tell you yet.
Speaker 1 (15:16):
We did it with India, We're doing it probably with
a couple of others.
Speaker 2 (15:20):
One of them could be China.
Speaker 1 (15:23):
Trump on Wednesday imposed an additional twenty five percent tariff
on Indian goods, on top of a twenty five percent
tariff announced previously, citing its continued purchases of Russian oil. Now,
the White House order did not mention China, which is
another big purchaser of Russian oil. Last week, the Treasury
(15:45):
Secretary Scott Dessent warned China that it could also face
new tariffs if it continued buying the Russian oil. So
China is also responding to this as well, and there
is escalation between the two countries as China pushes back
at the US with their own comments against the president.
Speaker 2 (16:07):
Here's what they said. China quote will.
Speaker 1 (16:10):
Always ensure its energy supply in ways that serves our
national interests, is what the Chinese Foreign Ministry posted on
acts following two days of trade negotiations in Stockholm. Responding
to the US threat of one hundred percent tariff coercion
and pressuring will not achieve anything. China will firmly defend
(16:31):
its sovereignty, security and development interest, the ministry went on
to say. Now the response is notable at a time
when both Beijing and Washington are signaling optimism and goodwill
between the two countries when it comes to well getting
a deal done after climbing down from sky high tariffs
(16:51):
and harsh trade restrictions.
Speaker 2 (16:53):
It also underscores China's.
Speaker 1 (16:55):
Confidence in playing hardball, the country says when dealing with
President Trump in his administration, especially when trade is linked
to its energy and foreign policies. The president saying I'm
not afraid and making it clear that if you're buying
from Russia, it's going to be a problem for the
United States of America, which brings us to the bigger picture,
(17:18):
and the question is what can you expect from new
tariffs on imported goods? Well, American businesses and consumers will
soon have a better idea of how President Donald Trump's
foreign trade agenda might actually affect you directly. What US
customers can expect from the new tariffs on imported goods.
Speaker 2 (17:36):
Is also something that the Associated.
Speaker 1 (17:38):
Press is saying is quote turning real American businesses and
the consumers, they say, will have a better idea of
how President Donald Trump's foreign trade agenda will affect them
when the imposed higher tariffs on products from dozens of
countries hit the shelves.
Speaker 2 (17:54):
Now, it's been nearly one hundred years since the.
Speaker 1 (17:56):
Nation had an overall import tax rate as high as
the one set today, but the individual impact on businesses, costs,
and consumer prices could vary as much as the tariffs
applied to goods of nearly seventy US trading partners from
complicated economies like the European Union to small African nations
(18:19):
as well experts from a majority of them are getting
tax at fifteen percent. For a handful of countries in
Asia the rate is nineteen percent.
Speaker 2 (18:30):
Products from the rest of the world.
Speaker 1 (18:31):
Are subjected to taxes of twenty to fifty percent. Meanwhile,
there's still a fifty five percent tariff on Chinese made.
Speaker 2 (18:39):
Goods as scheduled to take effect next.
Speaker 1 (18:40):
Week if a US China trade deal has not agreed
to on or before then. Now, businesses in the US
and abroad have been dealing in various ways since February
with the tariffs. But what we found is that many
Americans are happy with what they're seeing in the stores
because many companies are actually absorbing the costs for now.
(19:04):
A great example of that is automakers. They appear to
be leading the pack and have absorbed the costs at
this point instead of passing it on to you the consumer. Now,
recent government data indicated that retail prices for groceries, furniture,
and appliances have started to creep up minimally in June,
(19:25):
far less than what the experts claimed when they said
there was going to be doom and gloom. Because tariffs
arery tax on imports, economists had expected US customers to
foot the bill and guess what.
Speaker 2 (19:37):
That is not what has happened at all.
Speaker 1 (19:40):
The projections were all based on analysis of duties implemented
this year through Wednesday, and they said it was going
to be terrible. But the actual price increases a bit
about one point eight percent in the short term, and
the US government has been collecting billions from the countries
at the president decided to put tariffs on so at
(20:02):
the end of the day, as President Trump unveiled the
sweeping import tax on goods coming into the US from
sixty six countries, the European Union, Taiwan, the Falkland Islands
in April, what did he say? He said, the reciprocal
tariffs were meant to boost domestic manufacturing.
Speaker 2 (20:19):
That has happened.
Speaker 1 (20:20):
It's also meant to restore fairness to global trade.
Speaker 2 (20:23):
That has also happened. And here's the point that matters
to you.
Speaker 1 (20:28):
The present pause the country specific tariffs a week later,
but applied to ten percent tax to most imports.
Speaker 2 (20:34):
In early July.
Speaker 1 (20:36):
He began notifying countries that their exports would be subject
to higher tariffs on August one unless they reached the
trade deals. A week ago, he pushed the start date
to Thursday. So here we are, it is Thursday, and
it's real. In the meantime, trump Is also announced a
thirty five percent tariff on imports from Canada, but delayed
(20:58):
action on Mexico while negotiating continue. However, a free trade
agreement reached with Mexico and Canada during Terump's first term
shields most of those countries' products from punishing duties. The
president also ordered a fifty percent tariffs on goods from
Brazil this week. He also's on executive order to take
India's tar freight from twenty five to fifty percent, all
(21:20):
because of, as I mentioned earlier, the purchases of Russian oil.
So the President's not playing. And what we now know
is the President's telling you the truth. If you're one
of these countries around the world, you either come to
the table and get a real deal done or it
is going to hurt your country more than America. As
for the President, he has the backing of the American people.
(21:43):
New pulling data shows, and that's exactly why the President's
continuing to keep the course because the tariffs seem to
be working. I want to get you an update on
where we are in the economy, what's happening. We've seen
a lot of movement recently with Wall Street and a
lot of arguing in fire over interest rates where they
should be the Fed chairman back and forth.
Speaker 2 (22:05):
And then the tariff issue.
Speaker 1 (22:07):
Joining me now to talk about all of this is
Kurt Elliott. He's the founder of Kurt Elliott Precious Metals.
You can find them online at k E p M
dot com KPM dot com.
Speaker 2 (22:19):
Kurt, always a pleasure to have you on.
Speaker 1 (22:21):
Let's talk about where we are when it comes to
this economy and what it's been doing in relation to
gold and silver. We've seen a lot of fighting over
interest rates. We've seen a lot of fighting over tariffs
as well. We've seen a lot of movement in the
market over the last several weeks and that has actually
push gold prices up since last time I had you
on seventy plus dollars if I'm not mistaken, and silver's
(22:42):
gone up as well.
Speaker 8 (22:44):
Yeah. I mean, gold and silver ben respond to turmoil
and chaos and uncertainty, and we're seeing this amazing growth
in gold and silver without without the biggest thing that's
actually going to cause their growth, which are actually be
lowering interest rates, right, so we're seeing growth before that happens,
(23:05):
and that is going to happen, you know, when you
look at the economy and you look at the amazing
things Trump is doing to actually grow our economy set
us up for success rather than failure. A big thing
happened just earlier today when when Stephen Mirin, you know,
(23:25):
head of the Council for Economic Advisors, was basically Trump's
going to put him in to the vacant seat that
Kogler had at the Federal Reserve Board of Governors. Which
is this battle, right, there's this battle between Jerome Powell
and President Trump on Trump says, you've got a lower
interest rate to stimulate this economy, and Powell says, no,
(23:46):
I'm not, you know, for whatever reason, political differences, who knows.
But placing somebody in there who's basically going to pro America,
pro US citizen, lower interests rates to make mortgages cheaper,
stimulate the economy, grow things is going to be so
good for the economy, bend so incredibly good because right now,
(24:10):
as I look at it as an economist, there's two
things that basically the president can do. Two things that
the Federal Reserve can do to grow the economy, right
the President Congress. That's fiscal policy. They can lower taxes
to grow the economy, which Trump is doing. Or you
(24:30):
can have productive government spending. I want to say productive
because there's a lot of government spending that's not so.
When you have productive government spending increases aggregate demand, lower taxes.
That grows the economy. What does the Fed do to
grow the economy. That's monetary policy. They can print money,
which they are printing money, you know, kind of like
(24:52):
field of dreams. Build it and they will come. You
print money, people are going to spend it. But the
other way to grow the economy is lower interest rates.
They are not You don't have all four of these
levers working at the same time, which is why Trump
has massive political headwinds to deal with. Which what happened
this morning with the new appointment to the Board of Governors,
(25:14):
This could be very, very good for the US economy.
Speaker 1 (25:17):
Ben Well, I was gonna ask me, you talk about
this appointment, what does that mean for the average person listening.
Speaker 8 (25:24):
So for the average person listening, you've got these seven
people that are on the Board of Governors, and they
vote for policy at the federal reserve level. So even
if Trump is fighting against Jerome Powell, right, it's like, well,
maybe he doesn't have to focus so much on fighting
with Jerome Powell if he has another person on board
that could be the deciding vote on saying well, let's
(25:46):
just lower interest rates. Right, So maybe this is going
to push them over the edge to actually do something
that's actually really really good for the American consumer, to
stimulate the economy, bring jobs back to America. Which, boy,
the tariffs that we're seeing, Ben this is when after
(26:07):
win after win, that Trump is just like doing such
amazing things. I mean, I can't believe that he got
Europe to say, yeah, fifteen percent tariff on of European
goods coming in, zero percent on US goods going there,
and then committing to buying seven hundred and fifty billion
(26:29):
dollars worth of energy in America. It's like wow. And
the same thing with Japan fifteen percent tariff on Japanese goods,
zero percent on Americans going in. And how about the
fifty percent tariff on India if they continue buying Russian
energy products. It's like, oh, my words, Trump is not
messing around when he's using this as a negotiating tool
(26:50):
to not just bring money back into America, have other
countries basically put our tax bill, right, That's that's what
tariffs are all about. But what he's doing is he's
leveling the playing field that's been so unfair for so long.
And I've never been so excited about the future of America,
(27:11):
the economic growth that's coming. And when you think about it,
how do we invest during times of economic growth? Tangible
assets go up a lot. Silver. The demand for silver
is going to go through this ceiling then, because it's
going to be used for more solar and electric vehicles
and battery technology, and military industrial complex and nuclear power
(27:34):
and all of the demand and AI. Right, it's like
there's a lot of demand, which will be even more
as the economy grows.
Speaker 1 (27:44):
Yeah, it really is incredible to witness this right now,
and you look at it, these numbers, they keep hitting
these highs. Certainly on the gold side, I mean we're
almost at thirty four hundred ounce. Silver is actually many believe,
one hell of a deal right now at around thirty
eight and ounce because of how much of it is
going to be needed, as you just mentioned, and when
(28:05):
you look at this. For people that are listening right now,
is it insane to think, hey, maybe I want to
go more into silver. It just seems like it might
be a better value.
Speaker 8 (28:15):
It's it's not insane, it is it actually is a
better value. That's why as a firm, we're allocated more
into silver, because with gold you have this flight for
quality type demand. Right, the worst things get, the more
unstable they are, the more inflationary pressures you have, the
more geopolitical conflict, the better gold does. But it's a
financial metal. Silver has all of those characteristics as well,
(28:39):
but it also has industrial demand. It's used in electronics
and all the chips that are used for AI and
cryptocurrency mining and all this other stuff. Like, you've got
this whole extra element of demand that you have that
you don't have with gold. But here's the thing, economics,
one on one, let's just boil it down to simplicity.
(28:59):
When you have more demand and less supply, prices go up. Right,
Which is why we're allocated so heavily into silver, is
to actually minimize people's risk. Right, You minimize risk by
going into the thing that's going to grow and outperform
the market. Now, not God. I don't control things. I
(29:20):
can't make guarantees right, But all the fundamentals that are
pushing gold and silver up, I don't see them stopping
or slowing down anytime real soon.
Speaker 1 (29:31):
Let's talk also about where we're going to go with
this economy and what can happen there. It seems that
almost everybody out there is saying the idea that we
were going into recession is now a dead idea. And
now that's where you're seeing Wall Street, I think take
off and people are looking at big opportunities now.
Speaker 2 (29:49):
Is that something that also excites you as well?
Speaker 8 (29:53):
It very much excites me because what we're seeing for
the first time and literally since like maybe nineteen thirteen,
you know, because back then he had the irs. The
Federal Reserve came into a fact that the Federal Reserve
Act is now with Trump issuing stable coins, the Genius Act,
the Stable Colin Act. What are people doing they're saying
(30:16):
by them saying, I like cryptocurrency. Stable coins are a
way to actually invest in the US dollar outside of
this paper money that the Federal Reserve is printing, because
it can be issued by tether or circle or PayPal.
Speaker 3 (30:31):
Right.
Speaker 8 (30:31):
Stable coins are blockchain versions of US dollars creates demand.
And if Trump gets his way and allows for real
estate and cryptocurrency to go into four oh one KSE,
this is going to open up the door to alternative assets,
to a way of people thinking, Wow, I didn't trust
banks before, I didn't trust the government, but look what
(30:53):
Trump is doing. He's giving me options to invest the
way that I want to. And when you start to
see people moving away from the assets that they've known
since nineteen thirteen, paper based money printed by FIAT to
something that's different like gold and silver or decentralized blockchain
(31:14):
and cryptocurrency, that's a pendulum shifting moment which I think
we're going to be at the forefront of a new
digital economy, a new alternative asset economy that's going to
be just different than what we've known for the last
hundred plus years. And I'm excited about that because we're
going to be at the forefront of it.
Speaker 2 (31:33):
Yeah, it really is incredible.
Speaker 1 (31:35):
If you want to find out more about what all
they do at Kurt Elliott Precious Metals their company, I use,
I trust them and they will work with you to
make sure that you're reaching your goals and your aspirations
for your future. They also do a great job of
just selling you gold and silver, not jacking up prices
(31:55):
on quote rare coins. They can make huge profits and
they also so are easy when you want to go
and sell your coins as well.
Speaker 2 (32:03):
You can find out more.
Speaker 1 (32:05):
At Kurt or at k e PM dot com. That's
k e PM dot com.
Speaker 2 (32:13):
And when I say they're.
Speaker 1 (32:14):
Just real simple, one of the things I love is Kurt,
you guys actually tell everyone what you are going to
what the transaction looks like. If you're buying gold or silver,
you know exactly what you're paying over the spot price
right now, and when you go to sell it, you
guys don't take a huge fee. That's why I love
the honesty and transparency. So thanks for doing that way
as well.
Speaker 8 (32:35):
Oh you are so welcome. You know it is simple
eight percent. You purchased zero percent when you liquidate. If
anyone's trying to sell you high grade rare coins that
are super expensive and high premium, if you tried to
buy that from us, I would send you back and
it's like I don't sell those, it's not a good investment.
So bullion only, low cost transparency, Wow, that's how you
(32:56):
grow and compound your ounces and gain wealth.
Speaker 2 (33:00):
There you go. I love it.
Speaker 1 (33:01):
Check them out online k E p M dot com.
Kurt always a pleasure. Thank you, sir, don't forget Share
this podcast please with your family and your friends wherever
they are, and I will see you back here tomorrow
Host
Ben Ferguson
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