All Episodes

October 20, 2025 • 37 mins

1. “No Kings” No Rallies

  • Ben argues that the rallies are hypocritical, pointing out that many of the speakers (e.g., Chuck Schumer, Nancy Pelosi, Bernie Sanders) have been in office for decades—longer than Donald Trump’s tenure.
  • The term “king” is mocked, with the host suggesting that long-serving politicians are more “king-like” than Trump.
  • The rallies are described as inauthentic, paid-for, and orchestrated, not grassroots movements.

2. COVID-19 Policies as Tyranny

  • The Ben uses COVID-era mandates (masking, lockdowns, vaccine requirements) as examples of authoritarian behavior by the left.
  • These mandates are framed as violations of personal freedom, likened to the behavior of monarchs or dictators.

3. Allegations of Funding by George Soros

  • A significant portion of the transcript focuses on George Soros and his Open Society Foundations, alleging that they fund:
    • The “No Kings” rallies.
    • Progressive organizations like Indivisible, Free DC, and others.
    • Protests that are described as violent, anti-American, or pro-crime.
  • The host references Laura Ingraham’s reporting and Caitlin Sutherland from Americans for Public Trust to support these claims.
  • There is discussion of potential RICO charges against Soros and affiliated groups.

4. Accusations Against the Democratic Party

  • The Democratic Party is described as a “domestic terrorist organization” by the host.
  • Allegations include:
    • Supporting violence against conservatives.
    • Mocking victims of political violence (e.g., Charlie Kirk).
    • Sharing stages with individuals who support Hamas or express anti-American sentiments.

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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
So Saturday was supposed to be a very big day
in the United States of America. It was supposed to
be a day that people came out to protest the
no Kings in America rally. Rah Right, Like yeah, because
we just had an election. It was a free and
fair election. Donald Trump got elected. The psychos of the

(00:21):
left don't like that. So now they're like, we have
no kings in America. Now, let me just set the
stage for you real quick of just the concept of
a king. Now, kings are people that like never leave. Right,
I'm going to be bipartisan for a moment in my rhetoric,
in my logic, and I'm just going to give you

(00:43):
some names and some number of years they've been in power.
All Right, This is gonna offend both sides of the aisle,
because if we're just talking about no kings and like
who we should be protesting based on number of years
you've been in your position of power, then we got
to start with like the top and work our way down.
Chuck Grassley fifty plus years, has there ever been a

(01:06):
no King's rally against him? Chuck Schumer forty four plus years?
Has there ever been a No King's rally against him.
By the way, he's a guy that was speaking at
the no Kings rally who's literally been in office for
forty four plus years.

Speaker 2 (01:21):
Mitch McConnell.

Speaker 1 (01:22):
No offense to Mitch, but this is the guy that
can barely walk around now keeps falling down. But by guy,
we got to kee him in office, right because there's
no one else that could be better than him. I'm
being sarcastic, Mitch McConnell. Forty plus years. Nancy Pelosi one
of those that actually like snapped a fake crown. This
was hilarious. If you haven't seen the video yet, go

(01:43):
check it out on my social media I put it
up on Instagram. At Ben Ferguson podcast, you can see it.
Pelosi's been in power as a queen for thirty eight
plus years. And again, Nancy Pelosi's out there like snapping
a king's crown, saying no kings in America, all right.
So she's been an empower thirty eight plus years. Maxine

(02:04):
Waters another one of the crazies out there thirty seven
plus years. Bernie Sanders who says we don't have kings
in America, right out there at the rallies that we
saw the no King's rally thirty four plus years. Now,
you look at all those numbers I just gave you,
there's other examples. I will not bore you. I think
I've made the point, and I've been bipartisan in it.
If we're gonna protest no kings, then let's look at

(02:26):
those names. If this is the logic the left once
you use, Now let me compare those to the amount
of time that Donald Trump's been in office four years,
nine and.

Speaker 2 (02:36):
A half months. Let me say that again.

Speaker 1 (02:38):
Donald Trump's been in office four years and nine and
a half months, and they're saying Donald Trump is a king.
And Nancy Pelosi's been in power for thirty eight plus years,
Maxine Waters thirty seven plus years, Bernie Sanders thirty four years,
Chuck Schumer forty four plus years, and they're out there
saying no kings. Now, let's also just go down the
logic here in another way. The same psychopaths that are

(03:02):
out there screaming no kings and doing these rallies after
we had a free and fair election, they got their
aas's kick, like that's what this really boils down to,
and their sore losers, and they want to overthrow the
will of the people.

Speaker 2 (03:12):
They tried to do it last time.

Speaker 1 (03:13):
They want to put their political enemies in jail, and
if they can't do that, they just want to assassinate
all of us.

Speaker 2 (03:17):
That's the truth.

Speaker 1 (03:19):
There is absolutely a part of the Democratic Party now
there's a domestic terrorist organization. I will not stop saying
it because it's true. And they want to kill people.
We saw them yesterday mocking Charlie Kirk being shot in
the neck. There was a school teacher that's been identified
now that was out there mocking. There was others that
actually dressed like the killer, the assassin of Charlie Kirk

(03:40):
at these no King rallies. But if we want to
use another standard for no kings, right, like what do
kings do? Kings mandate things?

Speaker 2 (03:51):
Right?

Speaker 1 (03:51):
Kings tell you must live by their rules, that they
decide the rules that you don't get a vote on,
you don't get the opinion on, and if you do,
there's a pretty good chance it could be like you know,
like you know, like off off of their head, right,
like you get it. Yeah, it's just kind of like that.
So let's go through the other examples of the no

(04:14):
Kings rallies and if you're going to actually use this logic,
no Kings. But the left were the ones that said
you must put a mask on and if you don't,
you lost your right to be involved in society. They
said you couldn't be on a plane, you couldn't go
into stores, you couldn't go to church, right, Like, that's

(04:34):
that's them, right, no Kings, But they locked us down. Right,
do any of us get a vote on the lockdowns
that we had during COVID, No, right, Nope, didn't have
that No Kings. But firing you for not vaccinating, that's
something that they were in favor of. Right, But they're like, no, no, no,
we want no Kings. But they literally fired people from
their jobs, including our military. The same people they're saying

(04:55):
no kings said you can't go outside during COVID or
play outside. The same people that are saying no Kings
are the ones that filled with sand parks in California
so people couldn't play or skateboard or do multiple different things. No,
these people that say no Kings said that you needed
what is it, fifty seven boosters. Now, if you do

(05:16):
the math on how often you should be getting a
booster like it's insane. Same people that said there's no
kings said, we're going to shut down your businesses. You
have no say so in it, and we don't care
if you go bankrupt, and we ruined small businesses in America,
which absolutely happened at record numbers. No kings, right, but
but you can't. These are the same buel said we
can't have kings, but we're going to tell you cannot worship.

(05:39):
You cannot gather to work the ship, you cannot worship
a god, you cannot sing together. The same people saying
no kings said that your family members must die alone
and you couldn't go see them in the hospital as
they were dying. Same people they are saying no kings,
same dealder are saying no kings. Open to hotlines, so

(06:00):
you could literally snitch on your neighbor. You could actually
snitch on your neighbor who who you said was breaking
their rules. The same people that said we demand no
kings in America, the ones that said you had to
stand six feet apart and that only a third of
the restaurant could be occupied, and you had to be
exceumber feet apart, and that you couldn't even eat a

(06:21):
meal with a family member if said family member did
not live in the same residency. In fact, if you
want to know just how crazy everything was with the
people that are demanding no Kings. Now, when I own
a barbecue restaurant, my dad and I could work side
by side together all day long at restaurant, but they
said that we could be arrested if we ate together

(06:43):
dinner that night because we didn't live in the same
home at the same address.

Speaker 2 (06:46):
This is not a joke. These are the same deal
that said no Kings. Now.

Speaker 1 (06:49):
Now again, there's a list, and I'm going to keep
going because I think it's important. The same deal that
said there's no king said that there was mandates on
what you could and couldn't do even while we were
under quote light lockdowns. These are the people that said
social distancing was mandated and you would be publicly shamed

(07:10):
if you didn't get on their little x'es and y's
in the grocery store or talking to their plexiglass. The
same people that say we have no Kings were the
same ones that said no family gatherings for Christmas or
Thanksgiving over ten people because there was science behind that.
No there actually wasn't. So the same people that were
doing all of the no Kings rallies this weekend were

(07:33):
the people that are actually the dictators and the tyrants
over us, which is exactly, by the way, why there
was a really big march last November, and our No
Kings March last November was incredible. It was one on
election Day that gave us Donald J. Trump back in
the White House because of all of the things that
I just mentioned. The people that were at the rallies

(07:55):
speaking were the people demanding no kings are the same
ones that have literally been lifetime centers Chuck Schumer and
lifetime leaders in the House Nancy Pelosi. They were speaking
at these rallies, make no mistake about it, That's what
they were doing. Which brings me to part two of
the No Kings protests. And this is the part that

(08:17):
I actually think is the most important, and it all
goes back to one simple issue.

Speaker 2 (08:22):
Follow the money.

Speaker 1 (08:24):
We know a lot about where the money is coming from.
A significant amount Soros foundations we now know are helping
to fund the anti Trump no Kings protests nationwide. George
Soros and extremist groups are bankrolling the protests that are
going all over the country. Yes, it's actually real. George

(08:47):
Soros's foundations are funding not only the No King's protests,
but they're also funding the Democrats who are a part
of it. Laura Ingram exposed this and the Soros shell
game as she described it, and I want you to
hear what she had to say in her show about
what you were going to witness this weekend.

Speaker 3 (09:09):
That George and Alex Soros are causing real damage to
the country. But it's what they're doing illegal. Well, Donald
Trump thinks so today he urged that both be prosecuted
under federal racketeering statues known as RICO. Their organization, Open
Society Foundations, has funneled millions into the groups behind the
protests that we've seen over the last few years, like Indivisible,

(09:33):
that's the group behind the National Tesla protests. It's gotten
more than seven point six million since twenty seventeen from
Soros's foundation. Then there are the protests here in Washington
being put on by a group called Free DC. It
also gets money from nonprofits like Community Change and Community
Change Action. But where do they get money from? Well, again,

(09:58):
you have to do this diagramming, but millions from that
can be traced to left wing dark money mega donors,
which include George Soros and his foundations. So whether it's
protesting TESLA or backing progressive das, his money is touched
a lot, and not much of it is good, including
illegal immigration.

Speaker 4 (10:19):
We are going to need all of that fuel to
continue to combat this administration that continues to bring political
terror to our black, brown, working families and immigrant communities.

Speaker 3 (10:37):
The group is called KASA, which is fighting to keep
alleged MS thirteen gang member kil Mar Abrego Garcia here
in the United States. That's also gotten money. In twenty
twenty three, the Open Society Foundations awarded KASA a two
hundred and fifty thousand dollars grand and KASA and Action,
the group's political action committee, one point six million. Here

(10:59):
with details is Caitlin Sutherland, Director of Americans for Public Trust.
Caitlin Sometimes doing the Sorow's connection can take a little work,
but it's pretty obvious what's going on here. The Open
Society Foundations, though slam Trump's truth social post, saying these
accusations are outrageous and false. The Open Society Foundations do
not support or fund violent protests our mission is to

(11:21):
advance human rights, justice, and democratic principles at home and
around the world. Your reaction to everything we just laid out.

Speaker 5 (11:29):
Well, good evening, Laura, and thank you so much for
having me on. And you did an excellent job of
laying out the pattern of dark money to these protests
that we're seeing popping out across the country. Because, as
you know, you know, Washing d C. We have been
absolutely ravaged by violent crime and President Trump is fighting back.
But who's there. It's George Soros and other extremist groups

(11:52):
who are mobilizing and bankrolling protests to fight back against
policies that are going to keep our street safe. So
time and time again we see George sorows and other
groups are the ones bankrolling these extremist protests across the country.

Speaker 3 (12:09):
How is that a violation of the law. That's the question.
I mean, that's the thing that you know, they're incredibly
annoying and I think they're They obviously fund horrible things,
and they result in bad outcomes like criminals being allowed
with no bail and for some of these prosecutions or
revolving justice or you know, criminals get to stay in

(12:31):
the United States if they have their way, But the
question is there a racketeering charge that will hold up
in court, especially in a place like the District of
Columbia where the juries are stacked. The judges are overwhelmingly liberal,
so he obviously has those hurdles. But what do you
think the purpose behind Soros and his donations really is

(12:55):
a destabilization of the country.

Speaker 5 (12:58):
Well, at first, you know, you know, Laura, you asked
a really interesting point that if this is illegal. Now
I'm not an attorney, but if George Soros or any
other liberal dark money donor has done something illegal, then
we should be we should find out about it, and
they absolutely should be held accountable because, as you've laid out,

(13:18):
behind these protests is often George Soros and our billion
and his billions funding things that undermine our society and
work to enact a pro crime agenda, be it the
protests in LA to the anti Semitic protests and college campuses,
or as you just highlighted, electing county prosecutors who literally

(13:40):
do not prosecute criminals. That is why following the money
is so important with all these causes.

Speaker 1 (13:47):
You listen to that report and I hope you guys
enjoyed that because it's really important to hear where this
money is coming from.

Speaker 2 (13:54):
We're also learning even more about this money.

Speaker 1 (13:58):
Soros, who is a billionaire investor, a notorious Democratic Party donor,
founder of what you heard there, of the Open Society Foundation.
In twenty twenty three alone, the Foundation, through the Open
Society Action Fund, issued a two year grand of three
million to the Indivisible organization. The grant, they say, was

(14:18):
quote to support the grantees social welfare activities. According to
their own website, Indivisible is managing data and communications, they say,
with participants for the quote no Kings protests that took
place this weekend that they say will sweep the country
with millions attending. By the way, there's no actual indication

(14:39):
that millions attended anything this weekend. Just to be clear now,
per of the Open Society Foundation's own website, I want
you to listen to this because this is the most
important number. And if you don't think this buys chaos, anarchy,
and influence, then you're not paying attention. George Soros has
given away more than thirty two billion dollars of his

(15:05):
fortune to these foundations. His son Alex serves as the
chairman of the board and according to the website, Ezra
Levin is the executive co director behind the Group of
Indivisible organization's website. This is all keeping it in the family,

(15:26):
and we know that their policy is to basically have
pay anarchists. In seventeen, for example, they received a three
hundred fifty thousand dollars grant from Tide's Advocacy, a group
affiliated with the Tides Network. The Tides Foundation, a foundation
also affiliated with the Tides Network, has also been accused
now of funding anti Israel campus riots. This is all

(15:48):
constant name changing of groups, but the money is all
coming from the same place over and over again. The
grant report for twenty twenty four, by the way, was
not avail on the IRS's site nor the Open Society
Foundation's website. The Sources Foundation have awarded grants to individual Indivincible,

(16:12):
I should say every year since the organization's conception in
twenty seventeen. In total, they've given them more than seven
point sixty one million in grants to the group that
is behind the No Kings protests. This is all about
undermining our country and is stabilizing it with riots and

(16:34):
total anarchy.

Speaker 2 (16:36):
That is what this is.

Speaker 1 (16:39):
And everyone should understand what we're witnessing right now. It
is corruption. And they're paying for the anarchists. I'm going
to say it again, they're paying for the anarchists. This
isn't organic, this is anarchy. I want to get your

(17:01):
phone calls in here, and I want to see what
you think about all of this. The number one eight
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Patriotmobile dot com phone lines are open. We'll get your reaction.
And as Center Ted Cruz said, it's time that we

(17:22):
investigate these groups. If you are paying for violence, if
you're paying for anarchy and violence, then the question is
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(19:13):
or nine seven to two Patriot. I'm not worried about
this rally having some sort of massive impact on the country.

Speaker 2 (19:22):
I'm just not.

Speaker 1 (19:24):
And the reason why I'm not is because I don't
think it's authentic. I don't think it's organic. I don't
think that there are a whole lot of people out
there that we're going to show up for this thing
without being paid. And the people that did show up
for these are a bunch of old angry Donald Trump

(19:49):
derangement syndrome individuals that will show up for anything that
is anti conservative or anti Republican, like that's just the
way that it is. And I think that's what this
bo down to. I think it's really really, really really
sad that this is now where we are in this
country and that this is what is what is continuing,
where these people just keep showing up and they keep

(20:10):
getting angry, you know. Schumer announced on Thursday that he
would be attending the protests, saying, quote, he would join
the marchers to celebrate what makes his country so great
and encourage peaceful demonstrations. The fact that he asked to
say peaceful demonstrations, I think, also tells you everything you
need to know about the Democrats. They are expecting some
of these to not be peaceful, or there's a good
chance they won't be peaceful, and that's just how deranged

(20:31):
they are. A statement from the Open Siety Foundation website
says that they don't quote, pay, train, or coordinate protesters,
and that Open Siety Foundation opposed all forms of violence,
including violent protests. With then why is it that it
the things that you guys find we constantly and consistently
see violence quote protests can be strenuous and intense. The

(20:53):
how quote to prepare for a protest section of the
individual website also reads, they are most effective and we
peacefully use our constitutional protected rights of assembly and speech
and properly prepare ahead of time. The website continues, So
even when they tell you that they've never done anything bad,
or they're at all about safety and peacefulness and everything else,

(21:15):
they are straight up lying to you. It is obvious
the Washington Free Beacon putting it this way. Bernie Sanders
Chris Murphy to headline the No King's rally with activists
who defended Hamas attacks, cheered Trump's assassination attempts, So if
you think these people are peaceful individuals, you're also wrong.

(21:37):
Bernie Sanders Chris Murphy passionately defended their anti Trump No
Kings rally in DC this weekend against allegations that it
will attract Tama's sympathizers and other far left radicals. But
one of the senators Fellows speakers is praised Hamas's resistance
against Israel, cheered the attempts assassination, and President Donald Trump

(22:00):
a conservative activist Charlie kirk As a bitch after his
assassination last month, an express desire for the West to
quote fall That's who they were on stage with. I'm
gonna say that again. That is who they were sharing
the stage with for their No Kings rally. Sanders, of

(22:22):
course pushing back this week against House Speaker Mike Johnson,
who predicted that Hamas supporters, Antifa types, and Marxists will
be prevalent at the event. In a video post to X,
Sanders said, No Kings is not a hate America rally
as it's been described by the White House and by
Speaker Johnson. Quite the contrary. It is a love America

(22:43):
rally Murphiaco. There's remarks calling Johnson sentiment's ridiculous, Unamerican and unpatriotic,
and so the Republicans must hate free speech. By the way,
why are you on stage with an individual who embraces
death and destruction of their political adversaries, just asking for

(23:05):
you know, a friend. I don't worry about this being
something that catches on or builds steam or momentum. I
really don't. And the main reason why is because it
is all fake, fabricated, orchestrated.

Speaker 2 (23:23):
And paid for. It is not organic. I'm going to
say that again, it is not organic.

Speaker 1 (23:32):
I also want to play for you, Robert de Niro,
because I think it's important that you hear what some
of the people actually have had to say about some
of this stuff. Listen to again, this is Robert de Niro,
in his own words, what he had to say about
just this is the radical left on display.

Speaker 6 (23:51):
Kind of signal to the people they reach, and I'm
certainly not reaching those people on this program, but maybe
through little soundbites and this, you know, the Internet and
so on, they're trying to to They're used to sing
Trump do his stuff, and they talk and they listen,
and that's the truth to them, because they don't listen
to anything else. Somewhere way out in the Midwest, somewhere

(24:14):
out of out west, in certain places, the rural places,
that's the truth because he gets the airtime war and
I think that we need more airtime and just more
push against it. Not I wish that you can't do
this in some ways, but the the news media could
find ways to kind of ignore or tamp down nonsense

(24:38):
from Trump. It's just total nonsense. But those people out
there listen to it and assume if it can be
on the air and it's out there, it's the truth.

Speaker 1 (24:48):
I mean, that's that's Gennaro there right. So like this
is it's just what we have to do. This is all,
by the way, holding America hostage. Right now, I want
you to understand that Speaker Johnson on TV talking about
what's happening with our government and the government being open.
The government would be open, he said right now, The

(25:12):
government would be open if it wasn't for the No
King's rally because Democrats couldn't open the government before then.

Speaker 7 (25:19):
Listen, I'm joined now by the Speaker of the House,
Mike Johnson, right here in the studio, speaker Johnson, thank
you for joining us.

Speaker 8 (25:26):
Glad to be with you.

Speaker 9 (25:27):
Thanks. So let's start with.

Speaker 1 (25:28):
The no Kings ra as you called these hate America rallies.

Speaker 9 (25:32):
What do you mean by that, Well.

Speaker 8 (25:33):
That collection of folks that I listed were certainly part
of it. We congratulate them on an apparently violent free
free speech exercise. I was a First Amendment lawyer for
twenty years. We defend that right. But the irony of
the message is pretty clear for everyone. If President Trump
was a king, the government would be open right now.
If President Trump was a king, they would not have
been able to engage in that free speech exercise out

(25:54):
on the mall by the way, which was open because
President Trump hasn't closed it. In the last shut down
twenty thirteen, President Obama closed the National Mall, it closed
all the national parks, didn't allow people to engage in
all this. So I mean it's they needed a stunt,
they needed a show. Chuck Schumer has needs cover right now.
He's closed the government down because he needs political cover,
and this was a part of it.

Speaker 2 (26:15):
He's absolutely right.

Speaker 1 (26:17):
Let me also just take you back to an interesting
article in two thousand and twelve. Back in two thy
and twelve, there was an article written on CNN dot
com and it actually said that Democrats, okay, wanted Donald

(26:41):
our Barack Obama excuse me to be a you ready
for this to be a king not a president. That
was the headline back in twenty twelve.

Speaker 2 (26:54):
On CNN.

Speaker 1 (26:57):
On CNN, I also want to take a pause for
a second and talk about something else that's happening with
the economy. It is something that was predicted on this show,
and that was that gold was going to hit an
all time new high.

Speaker 2 (27:10):
It has.

Speaker 1 (27:10):
It is insane now it's now up to four thousand,
two hundred and sixty dollars in change per ounce. We
have also witnessed something else happening, and that is silver
now what fifty two dollars and change an ounce. This
is up significantly from when we start having this conversation.
My good friend Kirk Elliott is with us now with

(27:31):
Kurt Elliott Precious Metals. Kirk, I appreciate you coming on
and taking a moment out to talk about this because
there's also been some interesting changes that have happened. Let's
just start first with gold. Gold futures right now are
up another one point two percent of about fifty one dollars.
As you and I are doing this right now, that
would put gold at four thousand, two hundred and sixty
four dollars and eighty cents an ounce. That is unbelievable.

(27:54):
We are watching this happen. Why is this happening right
now at this rate?

Speaker 9 (28:01):
Well with gold in particular.

Speaker 7 (28:03):
To answer your question, it's kind of a debasement trade.
The rest of the world doesn't. They're actually scared of America.
So they're starting to move assets away from the US
dollar into something that's tangible, something that's real, get away
from the US dollar, which is no surprise, man, because
when you look back even two years ago, Putin at

(28:26):
the Bricks meeting. He opened the meeting with, Hey, we're
going to dedollarize the world. That's our objective and it's irreversible.
How do you do that? Sell US treasuries? What are
they doing in exchange? While the dollars down ten percent?
They're buying gold. Central banks all over the world are
buying gold. He they're afraid of America and what Trump
is doing in kind of re establishing the global economic order,

(28:50):
and so they're kind of fleeing for safety. They don't
want tariffs, they don't want this, they don't want that.
And it always goes back to what kings and kingdoms
have fought after for centuries, LINEA, which is actually gold.

Speaker 9 (29:03):
It's the safe have in trade.

Speaker 1 (29:05):
So you also look at that and the numbers as
I mentioned there, I mean, it's it's it's crazy when
you're looking at it. Over four thousand, two hundred and
sixty dollars an ounce. Let's also talk about silver, because
silver went up and then it had some would say
a correction esque moment on Friday. Explain what is behind that,
because that's the politics people need to understand.

Speaker 7 (29:27):
Yeah, it's been a very important one. So gold goes
up when people lose confidence in the government.

Speaker 9 (29:34):
That goes go up.

Speaker 7 (29:35):
Gold goes up when people view their banks aren't safe. Right,
and right now we're seeing banks across the country in
the regional sector like Zions Bank. A lot of these
regional banks are under capitalized, losing money, so people are
fleeing for safety. Silver acts like gold in that respect,
but it's got one huge extra element. It's actually used

(29:57):
for manufacturing.

Speaker 9 (29:59):
Right.

Speaker 7 (29:59):
So there's there's a ruling coming out to. It was
supposed to come out today, hasn't yet, so it should
come out from the White House very soon.

Speaker 9 (30:07):
Section two thirty two. And we've all heard about.

Speaker 7 (30:10):
The flip side of that is what's Trump going to
do on the tariffs of China? Is he going to
raise them one hundred percent on rare earth metals and
materials because they control about ninety percent of the global production.
We don't know, right We don't know what he's going
to decide on that, whether silver is going to be
a strategic metal or not, like lithium and steel and

(30:31):
aluminum and other things. So because of that, there's this
massive banking crisis. It's a liquidity crisis in the silver market.
Banks are unwilling to lend to cover short sales by
these big institutions, hedge funds and other places.

Speaker 9 (30:48):
So the lease rate on silver is.

Speaker 7 (30:52):
One hundred percent right now, literally one hundred percent, which
means if silver's fifty two dollars an ounce, divide that
by three hundred and sixty five, here's a three hundred
and sixty five days in a year. It's costing refineries
and depositories and basically dealers fifteen cents a day per

(31:13):
ounce to store their medals to sell. Okay, that's insane, right,
And so what's happening with the banks. They don't know
what Trump's going to do with the tariffs. They don't
They're not willing to play because of all the uncertainty.
So London has no medals. Like we talked about a
couple months ago, LBMA, London is running out of silver.

(31:34):
In fact, this basically Chief Commodities Analyst and TV securities
like TV a ror trade TV bank Toronto to mean
in bank back TV.

Speaker 9 (31:44):
He said London was.

Speaker 7 (31:45):
Going to be depleted of silver in four months. He
said that about a month ago. You know what it happened.
Already London has no silver. They have no silver to
fulfill the exchange for physicals. You know, companies it's like Samsung, Sony, Tesla,
whatever that are saying we need silver for manufacturing. It's

(32:05):
not there because and so what are they doing. They're
trying to get metals back into London. China has it,
India has it. We've covered this a lot. They're they're
acquiring a lot of silver. Even comacs in America has it.
We you know, over the last many four monthly medals
have been leaving London coming.

Speaker 9 (32:27):
To New York.

Speaker 7 (32:28):
A lot of people thought, well Trump was going to
back to currency with gold or silver or whatever.

Speaker 9 (32:32):
You know what.

Speaker 7 (32:33):
It's just they were pulling it back because they wanted
to control the market. Get it away from Shanghai, get
it away from the bricks nations. Well, now there's a problem.
London is out. They have to fulfill contracts. They can't.
They can't because there's no physicals there.

Speaker 9 (32:50):
So what do they have to do.

Speaker 7 (32:52):
It's called backwardation. If you look at the prices right now,
the spot price, which is the current price, is higher
than the future's price. That doesn't normally happen. Why is
that Because they're making much higher offer prices to say, hey, world, China, India, whoever,
We're going to pay you higher prices so we can
get medals from you. It's an arbitrage opportunity. If you

(33:16):
can buy silver in China or in India and sell
it in London, you automatically make money because they're paying an.

Speaker 9 (33:22):
Artificially high price.

Speaker 7 (33:24):
As of Friday, that artificially high price is two dollars
and fifty cents greater than the future's price. Well, it's
going to take more than that. It's going to take
maybe three dollars, four dollars, five dollars an ounce to
actually get money or get medals into London so they
can fulfill their contracts. Now will they do it? Is?

(33:44):
The question is China and India. Are they concerned about
making a profit and making this arbitrage opportunity. I'm not
convinced they might just want to destroy the Western financial system,
because that's the goal of the bricks Nations, right. They
want to stick it to the Western banks. They want
to stick it to London, they want to stick it
to America, they want to stick it to Trump and

(34:05):
actually hurt the Western financial system. Now they may be
in it for profit, they may be in it for
that motive. Either way, as investors, we get to participate
in all of this uncertainty London offering much higher prices
and because the banks aren't willing to lend money to
dealers and to institutions to get the funds back into London,

(34:29):
so therefore we have higher prices. How do we participate
in that we can ultimately sell into that strength. This
uncertainty bend, this turbulence is great for us as holders
of medals, because we'll ultimately be able to sell into
that strength.

Speaker 9 (34:46):
So this is part of the reason.

Speaker 7 (34:48):
Why silver is up to fifty two dollars, but on
Friday or on Thursday it.

Speaker 9 (34:53):
Was fifty four. Yet a little bit of a correction.

Speaker 7 (34:56):
Don't be fearful about that, because when you look at
the liquidity and what London needs to do, view it
as a buying opportunity. Yeah, silver was down two bucks,
but they still have no liquidity. They don't have the
inventory to even fulfill their futures contracts. So depending on
what Trump does with his Section two thirty two ruling,

(35:17):
if he classifies silver as a strategic metal and there's
going to be tariffs on it, oof to me there
is going to be no liquidity.

Speaker 9 (35:27):
Prices go through the roof. Why in the world with New.

Speaker 7 (35:30):
York Comas send medals to London if they're going to
have a twenty five to fifty percent tariff to bring
it back to sell it, they're not massive liquidity crisis.
If he doesn't have silver as part of the tariffs,
well then the price.

Speaker 9 (35:45):
Came down a little bit. We get to buy.

Speaker 7 (35:48):
On that dip. Because this this liquidity crisis, this fundamental
issue that's going on.

Speaker 9 (35:55):
It didn't change in a.

Speaker 7 (35:56):
Day, and we get to buy at a discount because
this turbulence will go on for quite a while.

Speaker 1 (36:02):
It's it really is incredible, and we've been talking about
it here and what you've been saying has been happening
in real time week to week. And that's the reason
I want to have you back because when you when
you see these numbers, you ask the question why. And
there's a lot of Americans listening right now that do.
If you want to find out more about what Kurt
Elliott and what they do at their coming you can
go online to k EPM dot com again k e

(36:26):
PM dot com. Plus we have the changes that are
coming where you can actually put your money in gold, silver,
and crypto. This is something that Donald Trump has been
working on very quickly. Remind people about that because that
day is coming very very soon.

Speaker 7 (36:40):
That day is coming massively soon. February, the first week
in February. Based on Trump's executive Order dated August seventh,
which is the basically where he said, you know what,
we're going to democratize. We're going to actually allow direct
and indirect ownership and commodities, which golden silver's a qmumantity
cryptocurrency in real estate.

Speaker 9 (37:01):
In people's four to.

Speaker 7 (37:02):
One case, Ben, that's a twelve trillion dollar captive market
that hasn't been able to do it before. So now
what are they going to do. They're going to start
selling off some of their stocks and bonds to go
into these things that they always wanted to but they
couldn't until then.

Speaker 9 (37:17):
So how do you do? You have to wait?

Speaker 7 (37:19):
No, if you have a four oh one k now
and you're over fifty nine and a half, you can
roll it into a traditional IRA now and do physical
gold and silver, so you don't have to wait.

Speaker 1 (37:29):
It's incredible. Make sure you check them out online k
EPM dot com
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Host

Ben Ferguson

Ben Ferguson

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