Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The Department of Justice, we now have learned, is investigating
Black Lives Matter Why for the misuse they're saying of donations.
The Justice Department is probing whether Black Lives Matter defrauded
donors who sent the organization millions of dollars during the
racial justice protests in twenty twenty. This coming from the
(00:24):
Associated Press. We also know that federal law enforcement authorities
have issued subpoenas and served a search warrant as part
of an investigation into Black Lives Matter. The Global Network Foundation, Inc.
That helped ignite the protests in US cities following the
death of George Floyd in Minnesota in May of twenty twenty.
(00:47):
That coming again from anonymous sources. Now, protests in some
locations resulted in deaths, lots of rioting, looting, fires, and
extensive property destruction. According to the Associated Press, it was
not clear if the investigation would result in criminal charges,
(01:07):
but its mere existence invites fresh scrutiny to a movement
that in recent years has faced criticism about its public
accounting of donations it has received. The Justice Department, by
the way, has declined to comment on the report. Why
because clearly they're working on this and they don't want
to tip anyone off. Now, the investigation actually began, just
(01:31):
so you understand the timeline here in the Biden administration that,
according to one of the AP sources, and has received
renewed attention during the Trump administration. The BOM Foundation said
it took in over ninety million dollars in donations following
the highly publicized death of George Floyd, who was seen
(01:53):
on that viral video struggling to breathe under the knee
of a white Minneapolis police officer who was later convict
did a murder. Now, critics have accused the nonprofit foundation
of not being forthcoming about how it was spending the
donations that they were receiving that were in the tens
of millions of dollars. Critics of the organization have looked
(02:15):
at a very shocking moment in twenty twenty two when
it was learned that some of the funds that were
raised in the name of George Floyd actually went to
purchase a six million dollar mansion in Los Angeles, six bedrooms,
six baths, a swimming pool, and other luxury amenities. The
(02:36):
co founder of BLM also admitted that she used the
group's six million property to host personal parties. The BLM
leader later resigned in twenty twenty three after much of
the information I've just told you went public.
Speaker 2 (02:53):
The Associated Press also reports.
Speaker 1 (02:55):
That no prior investigations into the nonprofits finances have quote
yielded proof of impropriety. The latest federal form filing, the
Wire Service reported, shows that BOM Foundation had twenty eight
million in assets for the fiscal year ending June twenty
twenty four. The current investigation is reportedly being run out
(03:17):
of the US Attorney's Office for the Central District of
California in LA. In a statement to the AP on Thursday,
the foundation said it is not a target of any
federal criminal investigation, saying, quote, we remain committed to full transparency, accountability,
and the responsible stewardship of resources dedicated to building a
(03:41):
better future for black communities. The Black Lives Matter slogan
that first emerged back in twenty thirteen after the acquittal
of Neighborhood Watch volunteer George Zimmerman, who fatally shot his
seventeen year old Trayvon Martin in Florida, is what was
legally ruled a standard ground case. It was the death
(04:02):
the following year of Michael Brown, who was shot as
he charged a police officer in Ferguson, Missouri, that made
the slogan Black Lives Matter a national and later a
worldwide rallying cry for leftists social justice. So here we
are now the DOJ seeming to do the job that
should have been done under the Biden administration, looking into
(04:24):
the misuse of the donations that were in the name
of social justice but in reality may have been going
just to buy luxury houses for the people at the
top of the Black Lives Matter organization. Every so often,
something happens that reminds us just how fragile our freedoms are.
We can't afford to take our rights for granted. We
(04:44):
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and make the switch and make a difference with every
call you make. Now, all of this is happening while
there's another story that is breaking, another shocking story and
it deals with Jack Smith. Devin Nunyez is now exposing
Jack Smith and telling us that they sought Trump Media
(06:38):
bank records, is what we're being told Donald Trump saying
these thugs should be investigated. Trump Media and Technology Group
Corporation TMTG CEO and former Congressman Devin Unyez on Thursday
accused former Special counsel Jack Smith of wilding a shockingly broad,
(07:00):
secret subpoena for the banking records of the Trump Media Empire,
despite the company not even existing at the time of
his underlying investigation. TMTG was among the more than four
hundred Trump linked individuals in organizations that were spied on
(07:23):
as part of Special Counsel Jack Smith's investigation of President
Donald Trump. Specifically, the Smith team issued as shockingly broad
and secret subpoena for our banking records, Nunez says in
a statement on True Social saying, quote, this is a
stunning abuse of power against a private business and are
(07:44):
hundreds of thousands of retail investors, especially since Trump Media
did not even exist at the time of the events
that Jack Smith was supposedly investigating. Nuniez called for answer
from both the Securities and Exchange Commission, the SEC and
JP Morgan Chase on whether they were aware of the
(08:07):
subpoena and whether bank records were actually leaked. According to
the subpoena issued to JP Morgan Chase, images of which
nowna is shared on social media platform. The demand covers
any in all records in your possession, custody or control
for all accounts and or trust accounts in the name of,
(08:30):
bearing the signature, authority of, or with the ability to
be accessed by the named parties below listing TMTG among
the named entities. The subpoena spans the time period from
September one, twenty twenty to October thirty, first of twenty
twenty one, and requests an extensive array of records, including
(08:53):
checking and saving account statements, opening documents, wire transfers, ach payments,
credit and debit memos, loan and mortgage payments, safe deposit
box records, debit card transaction histories, IP addresses, cookie data,
(09:14):
and other account inquiry metadata. In other words, a full
blown phishing expedition by the DOJ and the FBI. Meanwhile,
Smith's investigation, initiated by the Attorney General Meyrick Garland in
November of twenty twenty two, has drawn intense scrutiny. The
probe encompasses Trump's handling of classified documents, efforts ay lied
(09:39):
about to overturn the twenty twenty election, and alleges obstruction of.
Speaker 2 (09:43):
Justice, and other matters.
Speaker 1 (09:45):
In recent weeks, the Senate Judiciary Committee leaked documents showing
Smith's team issued one hundred and ninety seven subpoenas covering
at least four hundred and thirty individuals and entities as
part of an investigation dubbed Arctic Frost GOP. Lawmakers have
a q Smith of improperly targeting members of Congress and others,
(10:06):
and Smith's council nonetheless defended the approach as quote entirely
proper and lawful. We'll see where this goes, but there's
a very good chance this is the tip of the
Arctic frost iceberg.
Speaker 2 (10:21):
All right. I want to play for you now something else.
Speaker 1 (10:24):
And this is how we're finding out so much about
the corruption of Jack Smith and how he sought the
media record, the Trump media bank records, among others, including
one hundred and sixty other Republicans that were apparently spied
on for no damn reason. Gretav Ancestern on Newsmax had
Jim Jordan on to talk about this, and she started
(10:44):
with Donald Trump's true social post about what we're now learning.
I want you to listen closely to this conversation.
Speaker 3 (10:51):
These thugs should all be investigated and put in prison.
A disgrace to humanity. Deranged Jack Smith is a criminal
end quote. Shamed of the Houtradition Ury Committee. They released those
fileshile carsman. Jim Jordan joins me, good, you means, sir,
and do have all the FBI files on this?
Speaker 2 (11:08):
Well, we hope, but we're going to continue to work with.
Speaker 4 (11:10):
Director Patel and get every piece of information we can.
God blessed Cash and of course Pam Bondi, because they've
been night and day. Difference between them and what we
have with Merrick Garland and Christopher Ray. I think the
big takeaway here is how much broader and more expansive
this was. It wasn't just that they took the phone
of a sitting member of Congress when they took Scott
(11:32):
Perry's phone. It wasn't just that they spied on eight
United States senators. Now we learn it's over one hundred
and fifty individuals, key people in the Trump administration, keep
people that they went after getting communications, phone records, bank records,
all kinds of things they were going after. This is
how expansive Artie Frost started out, and how it even
(11:54):
expanded even more when Jack Smith was named special counsel
and when he took over the investigation, and finally I
would say this, Greta, this is why we want to
talk to Jack Smith. Why we've asked him to come
in for a deposition as soon as possible. We got
to ask him questions because we've already deposed two of
his deputies, and they took the fifth seventy one and
(12:14):
seventy three times mister Bratt and mister Wyndham exercised their
fift Amendment liberties. Wouldn't answer questions like was this all political?
Were you going after this to undermine and hurt President
Trump in a political way? How about any other people
you surveilled or spied on that in addition to the
eight United States Senators. Both of those questions they wouldn't answer.
So we want to talk to Jack Smith, the guy
(12:35):
who ran the investigation, find out what kind of answers
he'll give us.
Speaker 3 (12:40):
Do when they went after all these records of these people.
Did they have a warrant? Did they get one from
the grand jury or assigned warrant from a judge? Do
they have a warrant or were they just being cowboys
and going through these people, these records of these the targets.
Speaker 4 (12:55):
Again, questions will ask. I think they did have a warrant.
I think they moved that way. But we want to
we want to figure.
Speaker 2 (13:01):
All this out.
Speaker 4 (13:03):
We knew that Jack Smith had, you know, put the
gagolder in President Trump. We knew we had raided Mara Lago.
We knew that one of one of Jack Smith's deputies
confronted a lawyer for one of the defendants and looked
like the offered him. He was kind of almost a
bribe situation. He said, we thought you were interested in
this judge position. We didn't know you were a Trump guy,
you know, kind of hint hint, wink wink. When when
(13:24):
they talked to Stanley Woodward. Uh So there's all this
that went on, But the big takeaways for me are
eight United States senators, a sitting member of Congress they
took the phone up, and two of his deputies who
we've already deposed who wouldn't answer our questions. So that's
why we want to talk to Jack Smith.
Speaker 2 (13:40):
You know what.
Speaker 3 (13:40):
The other thing choices when you look at the breath
of investigation like this with you know, over one hundred
and fifty or even if you go to the lower
number that you just you just listed, is that they
didn't indict or charge any of these people. So you
get sort of the idea that they were just looking
for every thing every place you know that you know,
you know what could possibly be a legitimate reason if
they did, if they didn't strike gold on anybody.
Speaker 4 (14:03):
Yeah, I think you're I think you're right they were.
I think this was political. I think this was the
left saying we're going to go after these people. We're
going to use this whole alternative elector uh reason as
as the basis for why we're doing this investigation. We
saw the one email, but between it looked like between
an agent and and a and a source talking about
(14:25):
former Cheapest staff Mark Meadows was involved in some kind
of treasonous activity which was just ridiculous. So this was
the mindset. I think it also gets to that who
are these folks in the FBI who were putting these
emails together saying that there's there's there's reason to believe
that the cheapest staff to the President of the United
States was engaged in treasonous behavior. That's just ridiculous.
Speaker 2 (14:48):
But that reason, and it makes no sense.
Speaker 3 (14:52):
I hate them when they use reason to believe. Okay,
the documents that you believe had a lot of black
spots on them, a lot of redactions. Is that something
you did or the f the FBI did. And the
reason that matters is because you really can't read those
documents unless, I mean, you know, for full transparency. Why
is everything being kept a secret? Basically, there's no I mean,
if we want to uncover what happened, you know, to
(15:12):
give it, you know, put to find out if anything
dirty was done. We really need this. We need to
be able to read everything, and nobody should be running
for cover with doing redactions.
Speaker 4 (15:21):
We didn't put the redactions on. That's how they came
from the Justice Department. You're right, we need to have
we need to be able to read it all in
full context. But I would go a step further and
say the name's under there. I actually want to ask
them questions. I want to find out like, who's this
source giving this? Look to me when I read it, it
looks like under the redaction to be the source and
(15:43):
then the agent who's getting the information. I want to
know who that source is. I want to know who
that agent is saying these ridiculous things that get put
in an email and sent to someone else as part
of this investigation. So I think it's even more than that,
not just who those what those names are. I want
to talk to those people. I want to ask them questions.
So that's that's where I think we try to go next.
Speaker 3 (16:01):
Well, that's the starter, the starters, to find out who
they are? Were the redactions done during the Trump administration
or during the the Brenda Biden administration or the Trump administration?
And who? I mean, who is it? Some someone up
in some room with a big black marker someplace? I mean,
who's doing these things?
Speaker 5 (16:17):
Well?
Speaker 4 (16:17):
I think it's just I think got standard practice at the.
Speaker 3 (16:21):
Justice which is which is not good?
Speaker 5 (16:23):
That's good?
Speaker 4 (16:24):
I mean, And I don't know which one. I don't
know which FBI did it. My my gut tells me
it was probably That's how the documents were in the
ray FBI that director Patel has gotten his hands on
now and giving to us. But I don't know that,
but that'd be my guest. But my my, my understanding
is that's just standard names, uh, phone numbers of agents,
(16:46):
phone numbers and courses names and sort of that's just.
Speaker 2 (16:48):
Standard how they do it.
Speaker 4 (16:49):
But we want to know now because we saw how
broad and how expansive this is. We want to know
who those people are so we can ask them questions.
Speaker 3 (16:56):
Well, if you're then involved in investigation, especially a government person,
of your name not blackened out, so that we can
see who it is, we can see who's doing what
I get if it's a confidential source, it's going to
get shot on the street or something if we reveal it.
But the fact that some way and I'm told, I'm
always told that's the way it's done, well, that's never
satisfied me because that usually means it's sort of like,
welly things are classified in this town because that's the
(17:18):
way it's done. But that's where the lack of transparency, you.
Speaker 5 (17:20):
Know, And we could get to that.
Speaker 3 (17:21):
We could get to the end of this very quickly
if we could read everything and see it, and even
if they turned it over to you unredacted, it would
be good. I mean, I realized maybe it won't turn
it into the public. But you know, I don't know
how you do an investigation when you can't get all
the material.
Speaker 4 (17:35):
Well, we're working on finding out what the name is
underneath those those those those black lines. We want to
know who the name is or what the name is.
We want to know who that individual is. So again
we can we can ask them questions like where did
the I think, particularly that the email I keep citing,
I won't know who that source is because I think
it's the source that they were using. Who was the
person alleging that the former chiefest staff was engaged? That's
(17:58):
just just the most ridicult thing I've ever heard.
Speaker 3 (18:01):
Well do you know what though, But it's a little
bit like when they were using that guy Steel as
a source. They kept using it wouldn't tell but if
anyone had pulled, if anyone had investigated Steel, you wouldn't
have used him as a source.
Speaker 2 (18:10):
You know.
Speaker 3 (18:11):
But if you just say the person's a source and
black it out, there's no way to challenge whether it's
someone who has good information or it's someone's got an
ax to grind or whatever.
Speaker 4 (18:19):
You know that's that's right not to and not to
mention the sub sources that Steele was using, who would
just further complicates it means there's more lies than that
ridiculous dossier that they relied on to get warrants to
go spaw on a presidential campaign.
Speaker 2 (18:33):
No great point.
Speaker 4 (18:34):
And it's again, this all now has come all getting exposed,
goes clear back to twenty sixteen when they spied it.
That's when it all started, and we're starting to unravel
at all.
Speaker 2 (18:45):
So that and the reason we want to unravel it
all and.
Speaker 4 (18:47):
Hold people accountable is so that it doesn't happen again.
Speaker 3 (18:51):
Well, if I were if I were a government employer
or anybody, and I found out that they were doing
that to me without a warrant from a judge or
from a grand jury, I would sue from a constitution
r it's been violated because I tell you one thing.
You get, first of all, you get a big chunk
of change on the government. Secondly, you get a lot
of discovery, you get a lot of information, you know,
and we find out what the government is doing and
not doing. Chairman Jim Jordan, thanks sir.
Speaker 1 (19:12):
You listen to Jim Jordan there and you hear what
he had to say. It is truly incredible they were
able to do this and abuse the power of the government.
The good news is Donald Trump is making it very
clear there's going to be accountability for people that abuse
their power in the last administration or any administration if
there's evidence of major wrongdoing. You may have noticed that
(19:37):
the Fed met and they did something with interest rates.
Speaker 2 (19:41):
It has now had a pretty.
Speaker 1 (19:42):
Big impact on the market and that includes gold and silver.
Joining me now to talk about what this can mean
for your retirement. Your four oh one k is Kurt
Elliott with Kurt Elliott Precious Metals. Kurt, So, the Fed
did what Donald Trump has been asking for and saying
is long overdue. They cut interest rates again again by
another quarter point. That is good news and theory for
(20:03):
a lot of Americans. What is it doing in the markets?
What's it doing with gold and silver?
Speaker 5 (20:08):
Well, whenever you lower interest rates, it should stimulate the economy,
right then, I mean, this is this is why Trump
wants it done. He knows this and it did just that.
So so gold and silver doing really well. Silver had
come off of its high last week. It hit fifty
(20:28):
four dollars an ounce very overbought. Literally technically it was
very overbought because it went up so fast, so furious.
You know, it is up about nineteen percent in two weeks.
Then it needed to correct, right, So it came down
five dollars in a matter of four or five days,
and people thought, oh the world isn't what's up? Silver
(20:51):
is supposed to go up, you know what it is
because the bed lowered interest rates. Gold and silver respond
very well to interest rate reductions because for silver, that
means the economy is going to grow. Right, It's like
when when you lower the cost of borrowing, when you
when you lower that, people are going to spend more.
And silver more than anything. Is a is a manufacturing medal,
(21:15):
not a financial metal like gold. It's a it's a
manufacturing medal. So the propensity for growth, for usage, for
extra demand is there. And silver did the turnaround and
it's honest, way back up again. I mean, these these
markets spend, these precious metals markets are like buoys in
the ocean. You just can't keep them down.
Speaker 1 (21:37):
Right now, It's it really is incredible, and it's like
you said, this is a world trading market.
Speaker 2 (21:43):
When it comes to gold and silver.
Speaker 1 (21:45):
There's also some changes that are coming to how you
can can invest in and deal with gold and silver
in your retirement account. That deadliner or that that I
guess door opening is coming very soon, and so there
also seems to be a lot of movement there as well.
Speaker 5 (21:58):
A lot of movement, and that's part of the demand,
right because once that happens the first week in February,
when when you know for your listeners who don't know,
it's part of the executive order signed on August seventh
to democratization of alternative assets. In four to one case,
it's going to allow cryptocurrency direct and indirect ownership of commodities,
(22:22):
which golden silver is a commodity, and real estate in
a four to oh one k then it's a twelve
trillion dollar market like we've talked about before. So people,
if you wait until after that kind of marketplace opens
its door, well, prices are going to be way high. Right.
So people are getting in now in anticipation of that.
(22:43):
And that's one thing that I tell investors all the
time is I would rather be one or two or
three months early than a day late. And something as
fundamentally massive as This is it's always better to be
early than a day late because daylight you might run
out of inventory. You don't know what's going to happen.
(23:04):
In fact, London, we have to remember this. In the
financial world, financial world and in the precious metals world,
all roads lead to London. They do for every single country.
All roads lead to London. Well, London is for all
intents and purposes out of silver. They've depleted their free
(23:26):
flow silver supply. Well, you know, for investors say, okay,
we can lock in silver prices, but maybe it's going
to be delayed delivery because refineries now are basically going
flat inventory. They're not holding anything because the cost of
carrying is too high, so they're manufacturing on demand. This
is where it gets tricky, Ben. That doesn't work. If
(23:51):
you're Tesla or Lockheed Martin and you're making missiles and torpedoes,
or your Sony and you're making flat screen TVs, having
a one to two delay in delivery times because the
exchange is out could mean the life or death of
their company. Or if you're an investor, yeah, it's to
pain points at stressful. It's like, am I ever going
(24:12):
to get myself? It's different when you're talking about a company.
So what are they going to do when London runs out?
I have a feeling they're going to start going directly
to the source. They're going to go to the refineries
of the world and say, hey, look, we don't if
at silver sixty dollars ounce, we're going to offer eighty,
we'll offer one hundred, we'll offer one hundred and twenty.
(24:33):
We need to be at the top of the queue
because we're not going to pay for it, We're just
going to pass it on to the consumer. This is
economics one oh one, and it's the lifeblood of your
company needs a commodity that the exchange ran out of,
They're going to skip the exchange and go directly to
(24:54):
the source, the refinery and get it that way because
the lifeblood of the company depends on it. I mean,
this is what happens in an industrialized world where silver
is needed for electronics and aichifs and cryptocurrency mining and
electronics and electric vehicles and everything that we use right now,
(25:14):
if you don't have it, you don't have the product,
and those companies can't manufacture, so they will find it,
and we as holders get to ultimately sell into that strength.
And that's the amazing part of all of this. To me,
there's hope in this message.
Speaker 2 (25:32):
And hope is the other aspect of this.
Speaker 1 (25:34):
I think that people are really wanting to ask, is
looking forward in the future, where do we see, for example,
gold and silver going knowing that there is a lack
of silver in different parts of the world right now,
and it's being bought up for so many different things.
Speaker 5 (25:49):
Yeah, I mean, it's being bought up for everything that
we just mentioned. But we're still in a war torn economy, right,
This is a war economy that we're in. When you
look at what's happening with Russian and in the Middle East,
and I mean, so missiles and torpedoes need silver, nuclear
power needs silver, solar power needs silver, electric vehicles need silver.
All electronic circuit boards and AI chips need silver. Right.
(26:13):
So it's like, I don't see any of those things
diminishing in demand. In fact, I only see them increasing
in demand. It's like, oh, wait, there's a problem. Supply
isn't increasing. Supply is actually diminishing, right, So when you
when you look at what's happening London being out of
(26:35):
silver because they have to now buy it on the
open market to fulfill the over selling that they've done.
This is how they've manipulated the markets for decades. This
is not a new thing. Then what's new is they've
actually run out. You can't manipulate something where you have
no inventory, because if somebody wants it, you could say, oh,
(26:56):
well play with the paper price, we'll short it, we'll
do this, we'll do that. But ultimately, if you have
no inventory and there's an exchange for physicals and the
manufacturers of the world needed, they're going to start offering
any price and London could go bankrupt over this. By London,
I'm talking about the LBMA, the London Boyant Marketing Association,
(27:18):
where all the metals are stored. Well does China care? Literally,
this is a question we ask ourselves, Well, why wouldn't
they just sell They have silver, they've been buying it
so as comat Sills India. But all roads lead to London.
If it's not in the right place, it can't be fulfilled.
So why don't they release it? Well, because maybe they
(27:39):
want to squeeze London out of business. Maybe they want
to say, hey, look we want to take over the
Western financial banking system. We want to take over the
supplies of gold and silver and that supply chain globally
and have it go to the Shanghai gold extent. So
I don't think that China is in this for profit.
(27:59):
I think are in this to destroy London as the
gold and silver capital of the world, and they're doing
a pretty good job at it.
Speaker 1 (28:07):
Yeah, they really are finally for this And for anybody
listening right now, if you want to get more information
about what we're talking about here, you can go to
k e PM dot com, Kurt Elliott Precious Metals k
e PM dot com Kurt. When you're looking into the
holidays here, what traditionally do you see with gold and
silver over the holidays? And also if you combine that
(28:30):
in with the rules that are about to change retirement accounts,
it's going to change when it comes to crypto and
also gold and silver. Is that going to change things
over the next ninety days.
Speaker 5 (28:40):
Well, generally during the holidays it's low volume trading, you know,
the markets kind of come down a little bit. I
don't see that that's going to be the case this year.
This year is something completely different again. The fundamentals of
what's going on. Are there going to be tariffs on
strategic metals or are there not? Is there going to
(29:00):
be continued war or is there not? About what about
the consuming public? Are they going to keep spending or not?
There's so much different this year that I don't see
a downturn in metals prices really during this holiday season
like we normally see. Then you add to that the
black swamp of the Executive order and gold and silver
being available for four to one k is you know,
(29:23):
if the administrators will allow it. You know each company.
I mean, we've got a lot of built up demand.
This holiday season I believe is going to be different.
Speaker 2 (29:32):
It's going to be very different.
Speaker 1 (29:34):
Don't forget if you want to find out more about
what they do at Kirk Elliott. I just bought into
some more silver recently. I've got some ten ounce bars
I'm looking at right now point nine nine nine fine
silver ten troy ounces. They also have book bars as
well that are a hundred ounces. I have one of
those as well. It is an incredible investment tool and
(29:56):
you can see what it's been doing. You can find
out more from them. K E p M dot Com.
That's k E p M dot com Kurt Elliot Precious Metals.
Check them out there. Kurt, always a pleasure and I
really appreciate.
Speaker 2 (30:08):
You coming on.
Speaker 5 (30:09):
Oh you bet, it's my pleasure.
Speaker 1 (30:11):
Don't forget to share this podcast, by the way, with
your family and your friends on social media wherever you
can hit that subscribe or auto download
Speaker 2 (30:18):
Button and I'll talk to you again tomorrow