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Clintons Subpoenaed: House Panel Demands Epstein Testimony · The Ben Ferguson Podcast

0:01
Speaker 1: US House panel has subpoenaed Bill and Hillary Clinton for
0:06
Speaker 1: Epstein testimony. The House oversighte Committee also issuing subpoenas for
0:11
Speaker 1: several former attorney generals and FBI directors. Now the House
0:16
Speaker 1: Oversite Committee, led by James Comer issuing the subpoenas to
0:19
Speaker 1: Bill and Hillary Clinton as well as these other that
0:22
Speaker 1: I mentioned a moment ago, as well as directors of
0:25
Speaker 1: the FBI. What are they demanding testimony related to the
0:30
Speaker 1: horrific crimes perpetrated.
0:31
Speaker 2: By Jeffrey Epstein.
0:33
Speaker 1: Now, to be very clear, these subpoenas are going to
0:36
Speaker 1: some of the most powerful political figures of the past
0:41
Speaker 1: three decades, and they will testify in the investigation centering
0:46
Speaker 1: around Epstein. I want to give you the list that
0:50
Speaker 1: was put out so that you understand who all is
0:53
Speaker 1: going to be testifying. Those that are now under subpoena
0:57
Speaker 1: are number one, former US Attorney General Barr. He will
1:01
Speaker 1: give his testimony August the seventeenth or eighteenth. Then the
1:06
Speaker 1: former US Attorney General Alberto Gonzalez August of twenty six,
1:10
Speaker 1: Former US Attorney General Jeff Sessions August the twenty eighth,
1:14
Speaker 1: former FBI Director Robert Mueller, September the second, former US
1:19
Speaker 1: Attorney General Loretta Lynch September the ninth, former US Attorney
1:23
Speaker 1: General Eric Holder September the thirtieth, Attorney General Merrick Garland
1:28
Speaker 1: October the second, and then former FBI Director James Comy
1:32
Speaker 1: October seventh, Former Secretary of State Hillary Clinton October the ninth,
1:37
Speaker 1: and former President Bill Clinton October the fourteenth.
1:41
Speaker 2: If you look at the subpoena timeline, it's very.
1:44
Speaker 1: Clear this is going among both conservative and liberals, and
1:49
Speaker 1: it seems to be building towards the big questions for
1:52
Speaker 1: former President Bill Clinton and Hillary Clinton. In October, now,
1:56
Speaker 1: the House Oversight Committee, through Chairman Comer, the Department of
2:01
Speaker 1: Justice for all records related to Jeffrey Epstein in accordance
2:05
Speaker 1: with a bipartisan vote by the Federal Law Enforcement Subcommittee
2:10
Speaker 1: on July the twenty third. Now, that vote included an
2:13
Speaker 1: amendment from Representative Summer Lee, a Democrat from Pennsylvania, to
2:17
Speaker 1: expand the scope of the DOJ subpoena in a separate
2:21
Speaker 1: motion that was also introduced by Representative Scott Perry, a
2:24
Speaker 1: Republican from Pennsylvania, and then it was approved by a
2:28
Speaker 1: voice vote. The subcommittee then directed the chairman to compel
2:32
Speaker 1: testimony from Bill and Hillary Clinton, along with several former
2:37
Speaker 1: US Attorney generals and FBI directors. The move is part
2:41
Speaker 1: of the committee's quote Broader investigation into the federal government's
2:45
Speaker 1: handling of the Epstein case and associated individuals, including Maxwell.
2:51
Speaker 1: You'll remember her as the woman who is in prison,
2:54
Speaker 1: Epstein's longtime accomplice who is currently serving a twenty year
2:59
Speaker 1: sentence for sex trafficking of miners. Bill Clinton's documented interactions
3:06
Speaker 1: with Jeffrey Epstein also include multiple flights aboard the now
3:11
Speaker 1: famous Loretta Express, according to his own twenty twenty four
3:14
Speaker 1: memoir Citizen, My Life After.
3:17
Speaker 2: The White House.
3:18
Speaker 1: In the book, Clinton acknowledged the flights but downplayed the relationship,
3:22
Speaker 1: writing quote, I wish I'd never met him. Epstein, also,
3:26
Speaker 1: by the way, visited the White House at least seventeen
3:29
Speaker 1: times alone in nineteen ninety three, during Clinton's first year
3:35
Speaker 1: in office.
3:36
Speaker 2: It was also reported by bright Bart News that.
3:39
Speaker 1: The Department of Justice filed emotion in the United States
3:42
Speaker 1: District Court for the Southern District of New York to
3:45
Speaker 1: unseal grand jury transcripts associated with Epstein's indictment. Penning court approval.
3:51
Speaker 1: The move, made at the direction of the Attorney General,
3:55
Speaker 1: also comes amid mounting congressional scrutiny of the DOJ's leaderships
4:00
Speaker 1: and present leadership, including the former FBI directors James Comy
4:05
Speaker 1: and Robert Mueller, both of whom have been subpoena to
4:08
Speaker 1: testify before that House Oversight Committee now. During in exchange
4:12
Speaker 1: with the reporters on July the twenty fifth, President Trump
4:16
Speaker 1: criticized the media for focusing on accusations against him, while
4:21
Speaker 1: in his view, ignoring former President Clinton's connection to Jeffrey Epstein, saying, quote,
4:26
Speaker 1: you ought to be speaking about Bill Clinton, who went
4:29
Speaker 1: to the island twenty eight times. Trump said, then he said,
4:33
Speaker 1: I never went to the island.
4:35
Speaker 2: So here we are.
4:36
Speaker 1: We have the actual paperwork that's been filed. These subpoenas
4:40
Speaker 1: have been unleashed in Clinton, Comy, Garland Mueller are now
4:45
Speaker 1: ordered to testify in the Jeffrey Epstein probe. The goal
4:49
Speaker 1: here to finally get answers, and it is answers that
4:53
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4:58
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7:19
Speaker 1: these accusations also come at a time where James Comer
7:22
Speaker 1: is also investigating another major issue, and that is who
7:27
Speaker 1: is running the White House When it clearly wasn't Joe
7:30
Speaker 1: Biden who was ordering what to be signed with the
7:33
Speaker 1: autopen and to the President United States of America even
7:37
Speaker 1: know what the autopen was being used for. Well, James
7:40
Speaker 1: Comer had this to say the other night on Fox
7:43
Speaker 1: about that investigation.
7:45
Speaker 2: Take a listen, let me let me shift gears here.
7:48
Speaker 3: You're also spearheading the effort on the autopen. And there
7:51
Speaker 3: was another set of another interview that I believe happened today.
7:56
Speaker 3: Tell us where we're at with the latest on the autopen.
8:00
Speaker 4: Well, we interviewed another person that worked very closely with
8:04
Speaker 4: with Joe, Joe Biden, and uh, I'll say this, Joe
8:07
Speaker 4: Biden apparently wasn't the only person that had a poor
8:10
Speaker 4: memory in the in the Biden administration. I mean this,
8:14
Speaker 4: our witness today couldn't recall anything, just like our witness
8:19
Speaker 4: earlier from a couple of days ago, Doctor O'Connor, he
8:21
Speaker 4: pled the fifth So, uh, you know what, what what
8:24
Speaker 4: we've found thus far is nobody that even the ones
8:28
Speaker 4: who we thought were in the inner circle of the
8:30
Speaker 4: Biden White House ever saw Joe Biden. But according to
8:34
Speaker 4: the report, Joe Biden was in the White House.
8:36
Speaker 2: So you know, this doesn't make any sense.
8:38
Speaker 4: It adds fuel to the fire that there was a
8:42
Speaker 4: select few. And when I say a select few, Jason,
8:44
Speaker 4: I'm talking about I can kill them on one hand
8:47
Speaker 4: that were calling the shots. There's no evidence thus far
8:51
Speaker 4: that's emerged that that Joe Biden knew anything about who
8:56
Speaker 4: was using the auto pen or the process involved in
9:01
Speaker 4: authorizing the use of opin. We're going to continue. We've
9:04
Speaker 4: got more names to bring in for depositions. Obviously, we're
9:07
Speaker 4: going to get to the Ron claims and maybe I
9:10
Speaker 4: or maybe there'll be people in the Biden's family, immediate
9:13
Speaker 4: family that'll be implicated in this.
9:14
Speaker 2: We're going to bring them all in and we're.
9:16
Speaker 4: Gonna get the truth to the American people. And if
9:18
Speaker 4: Joe Biden's name was was forged on these executive orders
9:22
Speaker 4: and these pardons, then those executive orders and pardons are
9:26
Speaker 4: going to face a tough future in a court of law.
9:29
Speaker 1: Let's go to the very last thing you just heard
9:32
Speaker 1: James Comer saying. He said, if Joe Biden's name was
9:34
Speaker 1: forged on these executive orders and these pardons, then those
9:38
Speaker 1: executive orders and pardons are going to face a tough
9:41
Speaker 1: future in a court of law. Why did he say
9:44
Speaker 1: it that way, because I think he believes, and many
9:47
Speaker 1: others believe now that the President United Its America had
9:50
Speaker 1: no idea what his name was being signed to, including
9:55
Speaker 1: many of those clemency and pardons that were signed remaining
10:00
Speaker 1: hours of his presidency. We also know there may be
10:04
Speaker 1: executive orders or even legislation that was signed by the
10:08
Speaker 1: auto pen that the president had no idea it was
10:12
Speaker 1: even happening. This is why so many are taking the fifth,
10:16
Speaker 1: including the former president of the United States of America's
10:20
Speaker 1: own doctor, who wouldn't answer basic questions when asked before Congress.
10:25
Speaker 1: So if you look at what's happening right now with
10:28
Speaker 1: James Comer, it's pretty clear now he's on the offense
10:32
Speaker 1: and demanding to get answers on these major issues that
10:37
Speaker 1: Americans are asking real questions about. As for the Democrats,
10:41
Speaker 1: they should be terrified because now finally their abusive power, well,
10:45
Speaker 1: they're going to have to face the music for exactly
10:48
Speaker 1: what they did to Donald Trump and running a country
10:52
Speaker 1: with a president that didn't know what was even going on.
10:56
Speaker 1: Donald Trump promised that he was going to put America first,
10:59
Speaker 1: and he promised that he was going to do it,
11:01
Speaker 1: especially when it came to trade deals where America was
11:04
Speaker 1: being taken advantage of by countries literally all over the world,
11:08
Speaker 1: and he was going to do it by imposing more
11:10
Speaker 1: tariffs to make it fair trade. He was tired of
11:13
Speaker 1: American jobs disappearing, American manufacturing disappearing, and again America just
11:20
Speaker 1: being taken advantage of by countries that had no problem
11:23
Speaker 1: importing their goods in the US, but weren't even taking
11:26
Speaker 1: our goods and even in places like the UK.
11:29
Speaker 2: A strong ally of ours.
11:32
Speaker 1: Well, now we're hearing that Donald Trump could impose more
11:35
Speaker 1: tariffs on China over Russian oil. But here's the point
11:41
Speaker 1: that I want to make before we get to that
11:43
Speaker 1: the media was wrong. They claimed it was all doom
11:46
Speaker 1: and gloom, that the tariffs weren't going to work, that
11:48
Speaker 1: it was going to be bare shelves for the Americans
11:51
Speaker 1: as you went to your favorite store to get basic necessities,
11:55
Speaker 1: and that it was going to put us into a recession.
11:58
Speaker 1: None of that happened. Larry Kudlow at Fox News Channel
12:02
Speaker 1: saying this.
12:02
Speaker 5: Yeah, and you know, I remember when everyone said the
12:06
Speaker 5: market would crash, inflation would skyrocket because of these terroriffs,
12:10
Speaker 5: but that's not what's happening. And now you've got billions
12:13
Speaker 5: of dollars coming in. Larry, I want to go. I
12:15
Speaker 5: want to give it here because yeah.
12:18
Speaker 6: That's an important point though, just to you know, we're
12:21
Speaker 6: thirty seconds here. All the gloom and doom, tariff inflation,
12:26
Speaker 6: tariff for session, tariff catastrophe, none of that has happened. Okay.
12:32
Speaker 6: And in fact, as you noted earlier, the tariff revenues
12:36
Speaker 6: are pouring in. Okay, he can do as much as
12:39
Speaker 6: four hundred billion this year alone in tariff revenues. Imports
12:46
Speaker 6: from China, or let's say, Chinese exports to the United States,
12:51
Speaker 6: all right, their lowest point in over twenty years. Our
12:55
Speaker 6: trade deficit through June is at its lowest point in
12:59
Speaker 6: the last two years. Okay. These are all positives. And
13:04
Speaker 6: basically what he's saying is he wants a level playing
13:07
Speaker 6: field and he wants to protect the American economy. People
13:10
Speaker 6: have been taking advantage of the United States and that's
13:13
Speaker 6: coming to an end now. Instead of warfare, you know,
13:17
Speaker 6: set of retaliation or the so called world tariff war, no,
13:22
Speaker 6: it's deal making, deal making everywhere. The deal maker in
13:26
Speaker 6: chiefe place, Yes, exactly, and you know a place like Japan,
13:32
Speaker 6: which is difficult, or South Korea which is difficult, or
13:35
Speaker 6: the European Union which is difficult. So I would say
13:39
Speaker 6: he's gotten off to a great start on this policy.
13:43
Speaker 1: Not only has he got off to a great start,
13:45
Speaker 1: but other countries are starting to come to the table
13:47
Speaker 1: quickly to make sure they get their deal done as
13:51
Speaker 1: fast as they can.
13:52
Speaker 2: Now.
13:52
Speaker 1: The President has also talked about what he's going to
13:55
Speaker 1: do with pharmaceuticals, making it clear that he's going to
13:58
Speaker 1: be putting tariffs on pharmaceuticals. Why because he wants the
14:03
Speaker 1: made in our country and not us depending on other
14:06
Speaker 1: nations like China from a national security standpoint. Listen to
14:10
Speaker 1: President on CNBC on.
14:11
Speaker 7: That chips We'll be putting a initially small tariff on pharmaceuticals,
14:17
Speaker 7: but in one year one and a half year's maximum,
14:20
Speaker 7: it's going to go to one hundred and fifty percent, and.
14:23
Speaker 8: Then it's going to go to two hundred and fifty.
14:25
Speaker 7: Percent because we want pharmaceuticals.
14:28
Speaker 8: Made in our country.
14:29
Speaker 7: And that's not the chipsack like Biden did because he
14:32
Speaker 7: didn't know what he was doing, where they gave billions
14:34
Speaker 7: of dollars to companies that had more money than they.
14:36
Speaker 1: Knew what to do with, Which brings me to the
14:40
Speaker 1: new point that Donald Trump is making the new frontier
14:43
Speaker 1: on tariffs. We're now being told from the White House
14:47
Speaker 1: the President Trump is now saying he will announce further
14:50
Speaker 1: tariffs on China, similar to the twenty five percent duties
14:54
Speaker 1: announced earlier on India over its purchases of Russian depending
15:01
Speaker 1: on what happens. He said, it could happen, Trump told
15:04
Speaker 1: reporters after saying he expected to announce more secondary sanctions
15:08
Speaker 1: aimed at pressuring Russia to end its war in Ukraine,
15:12
Speaker 1: he said, quote, it may happen.
15:15
Speaker 2: I can't tell you yet.
15:16
Speaker 1: We did it with India, We're doing it probably with
15:19
Speaker 1: a couple of others.
15:20
Speaker 2: One of them could be China.
15:23
Speaker 1: Trump on Wednesday imposed an additional twenty five percent tariff
15:27
Speaker 1: on Indian goods, on top of a twenty five percent
15:31
Speaker 1: tariff announced previously, citing its continued purchases of Russian oil. Now,
15:37
Speaker 1: the White House order did not mention China, which is
15:41
Speaker 1: another big purchaser of Russian oil. Last week, the Treasury
15:45
Speaker 1: Secretary Scott Dessent warned China that it could also face
15:50
Speaker 1: new tariffs if it continued buying the Russian oil. So
15:54
Speaker 1: China is also responding to this as well, and there
15:58
Speaker 1: is escalation between the two countries as China pushes back
16:03
Speaker 1: at the US with their own comments against the president.
16:07
Speaker 2: Here's what they said. China quote will.
16:10
Speaker 1: Always ensure its energy supply in ways that serves our
16:13
Speaker 1: national interests, is what the Chinese Foreign Ministry posted on
16:17
Speaker 1: acts following two days of trade negotiations in Stockholm. Responding
16:23
Speaker 1: to the US threat of one hundred percent tariff coercion
16:27
Speaker 1: and pressuring will not achieve anything. China will firmly defend
16:31
Speaker 1: its sovereignty, security and development interest, the ministry went on
16:35
Speaker 1: to say. Now the response is notable at a time
16:38
Speaker 1: when both Beijing and Washington are signaling optimism and goodwill
16:44
Speaker 1: between the two countries when it comes to well getting
16:47
Speaker 1: a deal done after climbing down from sky high tariffs
16:51
Speaker 1: and harsh trade restrictions.
16:53
Speaker 2: It also underscores China's.
16:55
Speaker 1: Confidence in playing hardball, the country says when dealing with
16:59
Speaker 1: President Trump in his administration, especially when trade is linked
17:03
Speaker 1: to its energy and foreign policies. The president saying I'm
17:07
Speaker 1: not afraid and making it clear that if you're buying
17:10
Speaker 1: from Russia, it's going to be a problem for the
17:14
Speaker 1: United States of America, which brings us to the bigger picture,
17:18
Speaker 1: and the question is what can you expect from new
17:21
Speaker 1: tariffs on imported goods? Well, American businesses and consumers will
17:25
Speaker 1: soon have a better idea of how President Donald Trump's
17:29
Speaker 1: foreign trade agenda might actually affect you directly. What US
17:33
Speaker 1: customers can expect from the new tariffs on imported goods.
17:36
Speaker 2: Is also something that the Associated.
17:38
Speaker 1: Press is saying is quote turning real American businesses and
17:42
Speaker 1: the consumers, they say, will have a better idea of
17:45
Speaker 1: how President Donald Trump's foreign trade agenda will affect them
17:49
Speaker 1: when the imposed higher tariffs on products from dozens of
17:52
Speaker 1: countries hit the shelves.
17:54
Speaker 2: Now, it's been nearly one hundred years since the.
17:56
Speaker 1: Nation had an overall import tax rate as high as
18:00
Speaker 1: the one set today, but the individual impact on businesses, costs,
18:05
Speaker 1: and consumer prices could vary as much as the tariffs
18:09
Speaker 1: applied to goods of nearly seventy US trading partners from
18:15
Speaker 1: complicated economies like the European Union to small African nations
18:19
Speaker 1: as well experts from a majority of them are getting
18:23
Speaker 1: tax at fifteen percent. For a handful of countries in
18:27
Speaker 1: Asia the rate is nineteen percent.
18:30
Speaker 2: Products from the rest of the world.
18:31
Speaker 1: Are subjected to taxes of twenty to fifty percent. Meanwhile,
18:35
Speaker 1: there's still a fifty five percent tariff on Chinese made.
18:39
Speaker 2: Goods as scheduled to take effect next.
18:40
Speaker 1: Week if a US China trade deal has not agreed
18:44
Speaker 1: to on or before then. Now, businesses in the US
18:49
Speaker 1: and abroad have been dealing in various ways since February
18:53
Speaker 1: with the tariffs. But what we found is that many
18:56
Speaker 1: Americans are happy with what they're seeing in the stores
19:00
Speaker 1: because many companies are actually absorbing the costs for now.
19:04
Speaker 1: A great example of that is automakers. They appear to
19:08
Speaker 1: be leading the pack and have absorbed the costs at
19:11
Speaker 1: this point instead of passing it on to you the consumer. Now,
19:15
Speaker 1: recent government data indicated that retail prices for groceries, furniture,
19:20
Speaker 1: and appliances have started to creep up minimally in June,
19:25
Speaker 1: far less than what the experts claimed when they said
19:28
Speaker 1: there was going to be doom and gloom. Because tariffs
19:31
Speaker 1: arery tax on imports, economists had expected US customers to
19:35
Speaker 1: foot the bill and guess what.
19:37
Speaker 2: That is not what has happened at all.
19:40
Speaker 1: The projections were all based on analysis of duties implemented
19:44
Speaker 1: this year through Wednesday, and they said it was going
19:47
Speaker 1: to be terrible. But the actual price increases a bit
19:51
Speaker 1: about one point eight percent in the short term, and
19:55
Speaker 1: the US government has been collecting billions from the countries
19:59
Speaker 1: at the president decided to put tariffs on so at
20:02
Speaker 1: the end of the day, as President Trump unveiled the
20:05
Speaker 1: sweeping import tax on goods coming into the US from
20:08
Speaker 1: sixty six countries, the European Union, Taiwan, the Falkland Islands
20:13
Speaker 1: in April, what did he say? He said, the reciprocal
20:16
Speaker 1: tariffs were meant to boost domestic manufacturing.
20:19
Speaker 2: That has happened.
20:20
Speaker 1: It's also meant to restore fairness to global trade.
20:23
Speaker 2: That has also happened. And here's the point that matters
20:27
Speaker 2: to you.
20:28
Speaker 1: The present pause the country specific tariffs a week later,
20:31
Speaker 1: but applied to ten percent tax to most imports.
20:34
Speaker 2: In early July.
20:36
Speaker 1: He began notifying countries that their exports would be subject
20:39
Speaker 1: to higher tariffs on August one unless they reached the
20:42
Speaker 1: trade deals. A week ago, he pushed the start date
20:46
Speaker 1: to Thursday. So here we are, it is Thursday, and
20:51
Speaker 1: it's real. In the meantime, trump Is also announced a
20:54
Speaker 1: thirty five percent tariff on imports from Canada, but delayed
20:58
Speaker 1: action on Mexico while negotiating continue. However, a free trade
21:02
Speaker 1: agreement reached with Mexico and Canada during Terump's first term
21:06
Speaker 1: shields most of those countries' products from punishing duties. The
21:11
Speaker 1: president also ordered a fifty percent tariffs on goods from
21:14
Speaker 1: Brazil this week. He also's on executive order to take
21:17
Speaker 1: India's tar freight from twenty five to fifty percent, all
21:20
Speaker 1: because of, as I mentioned earlier, the purchases of Russian oil.
21:25
Speaker 1: So the President's not playing. And what we now know
21:28
Speaker 1: is the President's telling you the truth. If you're one
21:30
Speaker 1: of these countries around the world, you either come to
21:33
Speaker 1: the table and get a real deal done or it
21:36
Speaker 1: is going to hurt your country more than America. As
21:39
Speaker 1: for the President, he has the backing of the American people.
21:43
Speaker 1: New pulling data shows, and that's exactly why the President's
21:46
Speaker 1: continuing to keep the course because the tariffs seem to
21:49
Speaker 1: be working. I want to get you an update on
21:53
Speaker 1: where we are in the economy, what's happening. We've seen
21:56
Speaker 1: a lot of movement recently with Wall Street and a
21:58
Speaker 1: lot of arguing in fire over interest rates where they
22:02
Speaker 1: should be the Fed chairman back and forth.
22:05
Speaker 2: And then the tariff issue.
22:07
Speaker 1: Joining me now to talk about all of this is
22:09
Speaker 1: Kurt Elliott. He's the founder of Kurt Elliott Precious Metals.
22:12
Speaker 1: You can find them online at k E p M
22:16
Speaker 1: dot com KPM dot com.
22:19
Speaker 2: Kurt, always a pleasure to have you on.
22:21
Speaker 1: Let's talk about where we are when it comes to
22:24
Speaker 1: this economy and what it's been doing in relation to
22:26
Speaker 1: gold and silver. We've seen a lot of fighting over
22:28
Speaker 1: interest rates. We've seen a lot of fighting over tariffs
22:31
Speaker 1: as well. We've seen a lot of movement in the
22:33
Speaker 1: market over the last several weeks and that has actually
22:36
Speaker 1: push gold prices up since last time I had you
22:39
Speaker 1: on seventy plus dollars if I'm not mistaken, and silver's
22:42
Speaker 1: gone up as well.
22:44
Speaker 8: Yeah. I mean, gold and silver ben respond to turmoil
22:49
Speaker 8: and chaos and uncertainty, and we're seeing this amazing growth
22:54
Speaker 8: in gold and silver without without the biggest thing that's
22:58
Speaker 8: actually going to cause their growth, which are actually be
23:00
Speaker 8: lowering interest rates, right, so we're seeing growth before that happens,
23:05
Speaker 8: and that is going to happen, you know, when you
23:08
Speaker 8: look at the economy and you look at the amazing
23:11
Speaker 8: things Trump is doing to actually grow our economy set
23:15
Speaker 8: us up for success rather than failure. A big thing
23:20
Speaker 8: happened just earlier today when when Stephen Mirin, you know,
23:25
Speaker 8: head of the Council for Economic Advisors, was basically Trump's
23:29
Speaker 8: going to put him in to the vacant seat that
23:32
Speaker 8: Kogler had at the Federal Reserve Board of Governors. Which
23:36
Speaker 8: is this battle, right, there's this battle between Jerome Powell
23:40
Speaker 8: and President Trump on Trump says, you've got a lower
23:43
Speaker 8: interest rate to stimulate this economy, and Powell says, no,
23:46
Speaker 8: I'm not, you know, for whatever reason, political differences, who knows.
23:50
Speaker 8: But placing somebody in there who's basically going to pro America,
23:57
Speaker 8: pro US citizen, lower interests rates to make mortgages cheaper,
24:01
Speaker 8: stimulate the economy, grow things is going to be so
24:04
Speaker 8: good for the economy, bend so incredibly good because right now,
24:10
Speaker 8: as I look at it as an economist, there's two
24:14
Speaker 8: things that basically the president can do. Two things that
24:18
Speaker 8: the Federal Reserve can do to grow the economy, right
24:22
Speaker 8: the President Congress. That's fiscal policy. They can lower taxes
24:27
Speaker 8: to grow the economy, which Trump is doing. Or you
24:30
Speaker 8: can have productive government spending. I want to say productive
24:34
Speaker 8: because there's a lot of government spending that's not so.
24:38
Speaker 8: When you have productive government spending increases aggregate demand, lower taxes.
24:42
Speaker 8: That grows the economy. What does the Fed do to
24:45
Speaker 8: grow the economy. That's monetary policy. They can print money,
24:49
Speaker 8: which they are printing money, you know, kind of like
24:52
Speaker 8: field of dreams. Build it and they will come. You
24:54
Speaker 8: print money, people are going to spend it. But the
24:57
Speaker 8: other way to grow the economy is lower interest rates.
24:59
Speaker 8: They are not You don't have all four of these
25:03
Speaker 8: levers working at the same time, which is why Trump
25:06
Speaker 8: has massive political headwinds to deal with. Which what happened
25:11
Speaker 8: this morning with the new appointment to the Board of Governors,
25:14
Speaker 8: This could be very, very good for the US economy.
25:17
Speaker 1: Ben Well, I was gonna ask me, you talk about
25:20
Speaker 1: this appointment, what does that mean for the average person listening.
25:24
Speaker 8: So for the average person listening, you've got these seven
25:27
Speaker 8: people that are on the Board of Governors, and they
25:29
Speaker 8: vote for policy at the federal reserve level. So even
25:33
Speaker 8: if Trump is fighting against Jerome Powell, right, it's like, well,
25:37
Speaker 8: maybe he doesn't have to focus so much on fighting
25:39
Speaker 8: with Jerome Powell if he has another person on board
25:43
Speaker 8: that could be the deciding vote on saying well, let's
25:46
Speaker 8: just lower interest rates. Right, So maybe this is going
25:50
Speaker 8: to push them over the edge to actually do something
25:53
Speaker 8: that's actually really really good for the American consumer, to
25:57
Speaker 8: stimulate the economy, bring jobs back to America. Which, boy,
26:01
Speaker 8: the tariffs that we're seeing, Ben this is when after
26:07
Speaker 8: win after win, that Trump is just like doing such
26:12
Speaker 8: amazing things. I mean, I can't believe that he got
26:17
Speaker 8: Europe to say, yeah, fifteen percent tariff on of European
26:22
Speaker 8: goods coming in, zero percent on US goods going there,
26:26
Speaker 8: and then committing to buying seven hundred and fifty billion
26:29
Speaker 8: dollars worth of energy in America. It's like wow. And
26:32
Speaker 8: the same thing with Japan fifteen percent tariff on Japanese goods,
26:35
Speaker 8: zero percent on Americans going in. And how about the
26:38
Speaker 8: fifty percent tariff on India if they continue buying Russian
26:43
Speaker 8: energy products. It's like, oh, my words, Trump is not
26:46
Speaker 8: messing around when he's using this as a negotiating tool
26:50
Speaker 8: to not just bring money back into America, have other
26:54
Speaker 8: countries basically put our tax bill, right, That's that's what
26:57
Speaker 8: tariffs are all about. But what he's doing is he's
27:01
Speaker 8: leveling the playing field that's been so unfair for so long.
27:06
Speaker 8: And I've never been so excited about the future of America,
27:11
Speaker 8: the economic growth that's coming. And when you think about it,
27:15
Speaker 8: how do we invest during times of economic growth? Tangible
27:19
Speaker 8: assets go up a lot. Silver. The demand for silver
27:22
Speaker 8: is going to go through this ceiling then, because it's
27:26
Speaker 8: going to be used for more solar and electric vehicles
27:29
Speaker 8: and battery technology, and military industrial complex and nuclear power
27:34
Speaker 8: and all of the demand and AI. Right, it's like
27:37
Speaker 8: there's a lot of demand, which will be even more
27:41
Speaker 8: as the economy grows.
27:44
Speaker 1: Yeah, it really is incredible to witness this right now,
27:46
Speaker 1: and you look at it, these numbers, they keep hitting
27:50
Speaker 1: these highs. Certainly on the gold side, I mean we're
27:52
Speaker 1: almost at thirty four hundred ounce. Silver is actually many believe,
27:57
Speaker 1: one hell of a deal right now at around thirty
27:59
Speaker 1: eight and ounce because of how much of it is
28:03
Speaker 1: going to be needed, as you just mentioned, and when
28:05
Speaker 1: you look at this. For people that are listening right now,
28:08
Speaker 1: is it insane to think, hey, maybe I want to
28:11
Speaker 1: go more into silver. It just seems like it might
28:13
Speaker 1: be a better value.
28:15
Speaker 8: It's it's not insane, it is it actually is a
28:17
Speaker 8: better value. That's why as a firm, we're allocated more
28:20
Speaker 8: into silver, because with gold you have this flight for
28:25
Speaker 8: quality type demand. Right, the worst things get, the more
28:28
Speaker 8: unstable they are, the more inflationary pressures you have, the
28:31
Speaker 8: more geopolitical conflict, the better gold does. But it's a
28:35
Speaker 8: financial metal. Silver has all of those characteristics as well,
28:39
Speaker 8: but it also has industrial demand. It's used in electronics
28:44
Speaker 8: and all the chips that are used for AI and
28:46
Speaker 8: cryptocurrency mining and all this other stuff. Like, you've got
28:49
Speaker 8: this whole extra element of demand that you have that
28:53
Speaker 8: you don't have with gold. But here's the thing, economics,
28:57
Speaker 8: one on one, let's just boil it down to simplicity.
28:59
Speaker 8: When you have more demand and less supply, prices go up. Right,
29:04
Speaker 8: Which is why we're allocated so heavily into silver, is
29:09
Speaker 8: to actually minimize people's risk. Right, You minimize risk by
29:14
Speaker 8: going into the thing that's going to grow and outperform
29:17
Speaker 8: the market. Now, not God. I don't control things. I
29:20
Speaker 8: can't make guarantees right, But all the fundamentals that are
29:24
Speaker 8: pushing gold and silver up, I don't see them stopping
29:27
Speaker 8: or slowing down anytime real soon.
29:31
Speaker 1: Let's talk also about where we're going to go with
29:33
Speaker 1: this economy and what can happen there. It seems that
29:37
Speaker 1: almost everybody out there is saying the idea that we
29:40
Speaker 1: were going into recession is now a dead idea. And
29:44
Speaker 1: now that's where you're seeing Wall Street, I think take
29:46
Speaker 1: off and people are looking at big opportunities now.
29:49
Speaker 2: Is that something that also excites you as well?
29:53
Speaker 8: It very much excites me because what we're seeing for
29:56
Speaker 8: the first time and literally since like maybe nineteen thirteen,
30:02
Speaker 8: you know, because back then he had the irs. The
30:04
Speaker 8: Federal Reserve came into a fact that the Federal Reserve
30:07
Speaker 8: Act is now with Trump issuing stable coins, the Genius Act,
30:12
Speaker 8: the Stable Colin Act. What are people doing they're saying
30:16
Speaker 8: by them saying, I like cryptocurrency. Stable coins are a
30:20
Speaker 8: way to actually invest in the US dollar outside of
30:23
Speaker 8: this paper money that the Federal Reserve is printing, because
30:26
Speaker 8: it can be issued by tether or circle or PayPal.
30:31
Speaker 3: Right.
30:31
Speaker 8: Stable coins are blockchain versions of US dollars creates demand.
30:37
Speaker 8: And if Trump gets his way and allows for real
30:40
Speaker 8: estate and cryptocurrency to go into four oh one KSE,
30:44
Speaker 8: this is going to open up the door to alternative assets,
30:48
Speaker 8: to a way of people thinking, Wow, I didn't trust
30:51
Speaker 8: banks before, I didn't trust the government, but look what
30:53
Speaker 8: Trump is doing. He's giving me options to invest the
30:57
Speaker 8: way that I want to. And when you start to
31:00
Speaker 8: see people moving away from the assets that they've known
31:05
Speaker 8: since nineteen thirteen, paper based money printed by FIAT to
31:10
Speaker 8: something that's different like gold and silver or decentralized blockchain
31:14
Speaker 8: and cryptocurrency, that's a pendulum shifting moment which I think
31:19
Speaker 8: we're going to be at the forefront of a new
31:21
Speaker 8: digital economy, a new alternative asset economy that's going to
31:25
Speaker 8: be just different than what we've known for the last
31:28
Speaker 8: hundred plus years. And I'm excited about that because we're
31:31
Speaker 8: going to be at the forefront of it.
31:33
Speaker 2: Yeah, it really is incredible.
31:35
Speaker 1: If you want to find out more about what all
31:37
Speaker 1: they do at Kurt Elliott Precious Metals their company, I use,
31:40
Speaker 1: I trust them and they will work with you to
31:44
Speaker 1: make sure that you're reaching your goals and your aspirations
31:47
Speaker 1: for your future. They also do a great job of
31:50
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31:55
Speaker 1: on quote rare coins. They can make huge profits and
31:59
Speaker 1: they also so are easy when you want to go
32:01
Speaker 1: and sell your coins as well.
32:03
Speaker 2: You can find out more.
32:05
Speaker 1: At Kurt or at k e PM dot com. That's
32:10
Speaker 1: k e PM dot com.
32:13
Speaker 2: And when I say they're.
32:14
Speaker 1: Just real simple, one of the things I love is Kurt,
32:17
Speaker 1: you guys actually tell everyone what you are going to
32:20
Speaker 1: what the transaction looks like. If you're buying gold or silver,
32:23
Speaker 1: you know exactly what you're paying over the spot price
32:26
Speaker 1: right now, and when you go to sell it, you
32:28
Speaker 1: guys don't take a huge fee. That's why I love
32:31
Speaker 1: the honesty and transparency. So thanks for doing that way
32:33
Speaker 1: as well.
32:35
Speaker 8: Oh you are so welcome. You know it is simple
32:38
Speaker 8: eight percent. You purchased zero percent when you liquidate. If
32:41
Speaker 8: anyone's trying to sell you high grade rare coins that
32:43
Speaker 8: are super expensive and high premium, if you tried to
32:46
Speaker 8: buy that from us, I would send you back and
32:47
Speaker 8: it's like I don't sell those, it's not a good investment.
32:51
Speaker 8: So bullion only, low cost transparency, Wow, that's how you
32:56
Speaker 8: grow and compound your ounces and gain wealth.
33:00
Speaker 2: There you go. I love it.
33:01
Speaker 1: Check them out online k E p M dot com.
33:04
Speaker 1: Kurt always a pleasure. Thank you, sir, don't forget Share
33:08
Speaker 1: this podcast please with your family and your friends wherever
33:11
Speaker 1: they are, and I will see you back here tomorrow