Latest / The Ben Ferguson Podcast / AG Nominee Jay Jones faces Backlash over 'Fantasies' plus U.S. Navy’s 250th Anniversary & Economic Analysis w Dr. Kirk Elliott

Transcript

AG Nominee Jay Jones faces Backlash over 'Fantasies' plus U.S. Navy’s 250th Anniversary & Economic Analysis w Dr. Kirk Elliott · The Ben Ferguson Podcast

• 0:01
  Speaker 1: If you want to know how mainstream violence and the
• 0:06
  Speaker 1: rhetoric of violence has become among the Democratic Party, look
• 0:10
  Speaker 1: no further than what's happening in Virginia. There is a
• 0:14
  Speaker 1: Democrat who is a leader in Virginia, a Democrat Attorney General,
• 0:20
  Speaker 1: Hopeful Jay Jones, who is now being called out by
• 0:24
  Speaker 1: the right, and many are saying it's time for him
• 0:27
  Speaker 1: to drop out of that race because of what he
• 0:31
  Speaker 1: had to say in text messages. The Virginia Democratic Attorney General,
• 0:36
  Speaker 1: Hopeful Jay Jones being pressured now to drop out of
• 0:40
  Speaker 1: the race because the text message reveals he apparently fantasized,
• 0:45
  Speaker 1: I'm gonna say this again, that he apparently fantasized about
• 0:49
  Speaker 1: a Republican lawmaker being fatally shot to death. In a
• 0:54
  Speaker 1: social media post on Saturday, the Governor Glenn Youngkin called
• 0:58
  Speaker 1: out Jones for the text messages he is accused of
• 1:01
  Speaker 1: sitting in twenty twenty two that show him wishing for
• 1:05
  Speaker 1: a now former State House Speaker Todd Gilbert and listen
• 1:11
  Speaker 1: carefully his children to be killed. The New York Post
• 1:16
  Speaker 1: has exposed in their reporting quote this violent rhetoric, disgusting
• 1:22
  Speaker 1: rhetoric targeted an elected official and his children is beyond disqualifying.
• 1:29
  Speaker 1: J Jones said that Gilbert gets two bullets to the
• 1:32
  Speaker 1: head and then hopes his children would die. That is
• 1:37
  Speaker 1: what Youngkin, the governor of Virginia, said on x. He
• 1:41
  Speaker 1: went on to say, read those words again. There is
• 1:46
  Speaker 1: no gosh. I'm sorry here. Jones doesn't have the morality
• 1:51
  Speaker 1: or character to drop out of the race, and his
• 1:54
  Speaker 1: running mate and every Democrat elected in Virginia don't have
• 1:58
  Speaker 1: the courage to call on him to step away from
• 2:01
  Speaker 1: his campaign in disgrace. The governor added, Now you may
• 2:05
  Speaker 1: want to know what was actually in these text messages. Well,
• 2:10
  Speaker 1: I'm going to read them for you, and I want
• 2:12
  Speaker 1: to be clear. They are disturbing. The private messages offer
• 2:17
  Speaker 1: not only a disturbing glints into how the Democratic Party
• 2:19
  Speaker 1: is run in Virginia, but specifically to how Jones, who
• 2:23
  Speaker 1: is looking to ouse the incumbent Republican Attorney General this fall,
• 2:27
  Speaker 1: described as political adversaries in private conversations. I want to
• 2:31
  Speaker 1: go back to this allegedly in twenty twenty two. Some
• 2:37
  Speaker 1: of this is at a point where you just have
• 2:39
  Speaker 1: to sit there and scratch your head and go how
• 2:42
  Speaker 1: did we get to this point? How did we get
• 2:46
  Speaker 1: to a point where you have this many individuals who
• 2:50
  Speaker 1: are in the Democratic who are doing exactly this, saying
• 2:54
  Speaker 1: we want kids to die, we want people to die,
• 2:59
  Speaker 1: we want there to be more death, and asking for
• 3:02
  Speaker 1: and hoping for the assassination of your political opponents. I'm
• 3:08
  Speaker 1: going to go back to part of this conversation talking
• 3:12
  Speaker 1: about Joe Johnson, a D but basically an R leaked
• 3:16
  Speaker 1: everything to your caucus. It's why Gilbert gave him such
• 3:19
  Speaker 1: a glowing tribute. I knew what you were talking about.
• 3:23
  Speaker 1: Served with my dad, who had nice words with a
• 3:27
  Speaker 1: little choice's choice sprinkled in. I didn't look at that.
• 3:31
  Speaker 1: I just saw a guy died and assumed you'd have words.
• 3:36
  Speaker 1: He was a D. They say nice things about everyone,
• 3:40
  Speaker 1: loll if those guys die before me. Quote this is
• 3:45
  Speaker 1: again the guy who's trying to become the attorney general
• 3:48
  Speaker 1: and the Democratic Party in Virginia. He says, if those
• 3:52
  Speaker 1: guys die before me, I will go to their funerals
• 3:55
  Speaker 1: and blank on their graves, send them out a wash
• 3:59
  Speaker 1: in something. The guy who's responding by the rights back
• 4:02
  Speaker 1: Jay Jones. Then he says, three people, two bullets, Gilbert
• 4:07
  Speaker 1: Hitler and polpot, Gilbert gets two bullets to the head.
• 4:12
  Speaker 1: Spoiler put Gilbert in the crew with the two worst
• 4:16
  Speaker 1: people you know, and it receives both bullets every time. Jay,
• 4:22
  Speaker 1: please stop Lol, Okay, okay, it really bothers me when
• 4:27
  Speaker 1: you talk about hurting people are wishing death on them.
• 4:30
  Speaker 1: The person that text message responds, you weren't simply asking,
• 4:35
  Speaker 1: and you know it. I genuinely was. I wasn't attacking you.
• 4:39
  Speaker 1: I was trying to understand your logic. He writes back.
• 4:42
  Speaker 1: You weren't trying to understand. You were talking about hoping
• 4:44
  Speaker 1: Jennifer Gilbert's children would die. Jay then responds, yes, I've
• 4:49
  Speaker 1: told you this before only and again, listen carefully. Only
• 4:55
  Speaker 1: when people feel pain personally do they move on police.
• 5:01
  Speaker 1: There isn't. I point blank asked you more than three times,
• 5:05
  Speaker 1: and you dug in that you mean it. I honestly
• 5:08
  Speaker 1: am questioning a lot today. He writes back, I mean,
• 5:12
  Speaker 1: do I think Todd and Jennifer are evil and that
• 5:15
  Speaker 1: they're breeding little fascists? Yes? This was in twenty twenty two.
• 5:23
  Speaker 1: The private messages offer a disturbing look into how Jones,
• 5:28
  Speaker 1: a Democrat who's been mainstreamed by the Democratic Party is
• 5:33
  Speaker 1: not only wanting to ouse the incumbent Republican Attorney general
• 5:36
  Speaker 1: this fall, but he describes his political adversaries as fascists
• 5:40
  Speaker 1: breeding little fascists who deserve two bullets in their head,
• 5:45
  Speaker 1: not one, and their kids deserve to die. This is
• 5:49
  Speaker 1: what is happening right now in the Democratic Party. This
• 5:53
  Speaker 1: is how long it's been festering. This is exactly why
• 5:57
  Speaker 1: we have the attacks on Charlie, assassination I should say,
• 6:01
  Speaker 1: of Charlie Kirk, the attempt at assassinations on Donald Trump.
• 6:05
  Speaker 1: This is why Democrats around the country celebrated the assassination
• 6:11
  Speaker 1: of Charlie Kirk because of everything that I just told you.
• 6:16
  Speaker 1: It is incredibly scary. It is also incredibly sick that
• 6:21
  Speaker 1: this is now where we are. This is what is
• 6:25
  Speaker 1: actually happening. We are now in a situation where the
• 6:29
  Speaker 1: Democratic Party is being exposed for advocating for this for years.
• 6:36
  Speaker 1: I want to say that again, for years. This is
• 6:41
  Speaker 1: what they have been advocating for. And when they also
• 6:44
  Speaker 1: talk about this elected official, they clearly talk about the
• 6:49
  Speaker 1: family and the children. They believe that because your dad
• 6:54
  Speaker 1: is in politics and they disagree with you, that you
• 6:57
  Speaker 1: are quote breeding as they described it fascists. I want
• 7:02
  Speaker 1: you to think about that, little fascists. Say it again,
• 7:08
  Speaker 1: little fascists. When you look at this and you realize
• 7:13
  Speaker 1: what is being said here, it is truly shocking. It
• 7:20
  Speaker 1: is incredibly scary that we are sitting in a situation
• 7:24
  Speaker 1: now in this country where this is what the Democrats
• 7:29
  Speaker 1: are saying in their private conversations. And do not tell
• 7:33
  Speaker 1: me this is just one. Do not tell me that
• 7:36
  Speaker 1: this is an outlier. Do not tell me any of
• 7:39
  Speaker 1: those things. This is what the Democratic Party has refused
• 7:44
  Speaker 1: to police. This is what the Democratic Party has refused
• 7:49
  Speaker 1: to condemn. This is what the Democratic Party has refused
• 7:54
  Speaker 1: to reign in. In fact, they're the opposite of that.
• 7:57
  Speaker 1: This is what they advocate for. This is what they
• 8:02
  Speaker 1: fantasize about. This is what they encourage, calling them little fascists,
• 8:09
  Speaker 1: that they're breeding little fascists. You notice these words that
• 8:15
  Speaker 1: they've been using long before what we've recently witnessed in
• 8:18
  Speaker 1: the worst case scenario in this country of people going
• 8:22
  Speaker 1: after and trying to kill Republicans. This is the encouragement
• 8:27
  Speaker 1: using the word fascists over and over again. And you
• 8:31
  Speaker 1: know what happened.
• 8:31
  Speaker 2: It worked.
• 8:33
  Speaker 1: Are you one of those that's just so tired of
• 8:36
  Speaker 1: giving your money to radical left woke companies that actually
• 8:39
  Speaker 1: are fighting against your values every day.
• 8:42
  Speaker 2: Well, there are certain bills that you pay.
• 8:44
  Speaker 1: Every month that if you can go with a conservative company,
• 8:48
  Speaker 1: why not do it? In fact, why not go with
• 8:51
  Speaker 1: a conservative company that actually takes part of your bill
• 8:53
  Speaker 1: every month that you're going to pay to somebody and
• 8:55
  Speaker 1: they give it back to organizations that support your First
• 8:59
  Speaker 1: and your Second Amendment rights, that support the rights of
• 9:02
  Speaker 1: unborn children, that stand with our military, are first responders,
• 9:07
  Speaker 1: and so many wounded warriors that need help. Well, that
• 9:11
  Speaker 1: bill I'm talking about is your cell phone bill. And
• 9:15
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• 10:52
  Speaker 1: to deal with, and it is I would say as
• 10:56
  Speaker 1: important as the last thing that we were just talking about.
• 11:00
  Speaker 1: You may not realize this, but did you know that
• 11:02
  Speaker 1: it was the Navy's two hundred and fiftieth anniversary. Let
• 11:07
  Speaker 1: me say that again. It was the Navy's two undred
• 11:10
  Speaker 1: fiftieth anniversary. The War Secretary Peter Hedgseth addressed a audience
• 11:15
  Speaker 1: of US Navy sailors in Virginia to commemorate the military's
• 11:19
  Speaker 1: branches two hundred and fiftieth anniversary, reiterating President Donald Trump's
• 11:26
  Speaker 1: emphasis on America First and peace through strength. But that's
• 11:31
  Speaker 1: not what the media wanted to talk about. They wanted
• 11:34
  Speaker 1: to say that the speech was hateful, means spirited, bigoted,
• 11:38
  Speaker 1: lacked diversity, equity and inclusion. Why because that is exactly
• 11:45
  Speaker 1: what Pete talked about, that we need in America first
• 11:49
  Speaker 1: and peace through strength mentality. And then he blasted with
• 11:53
  Speaker 1: the left guards more importantly than anything else, diversity, equity,
• 12:00
  Speaker 1: an inclusion. Headset, by the way, received loud applause. He
• 12:04
  Speaker 1: began his remarks to thousands of sailors at the Naval
• 12:07
  Speaker 1: Station Norfolk, Virginia. It's the world's largest naval station, with
• 12:11
  Speaker 1: over eighty two thousand active duty military that are on
• 12:15
  Speaker 1: base and over twenty nine thousand civilians. The Secretary of
• 12:19
  Speaker 1: War Pete Headseth, just took the stage at the Naval
• 12:22
  Speaker 1: Station Norfolk, and the sailors, well, they loved what he
• 12:25
  Speaker 1: had to say when he got up there, listened carefully.
• 12:28
  Speaker 2: Well, good afternoon.
• 12:29
  Speaker 3: How are we doing, sailors, absolute best of America.
• 12:40
  Speaker 4: Honored to be at the world's largest naval base. Now,
• 12:44
  Speaker 4: I'm the only thing between you, the first Lady, and
• 12:46
  Speaker 4: the Commander of Chief. So I'm going to keep this
• 12:48
  Speaker 4: very brief. Looking out at all of you, I know
• 12:52
  Speaker 4: you know why the President always says we have the strongest,
• 12:56
  Speaker 4: most powerful, most lethal, most ready military the planet, and
• 13:01
  Speaker 4: he's going to make sure we keep it that way.
• 13:04
  Speaker 4: This is the perfect way to mark two hundred and
• 13:07
  Speaker 4: fifty years of the United States Navy. You know, President
• 13:11
  Speaker 4: Trump has made our mission clear America first at peace
• 13:15
  Speaker 4: through strength, with common sense at every turn. At the
• 13:20
  Speaker 4: War Department, it is the War Department we're committed to
• 13:24
  Speaker 4: that core mission of peace through strength.
• 13:27
  Speaker 1: Now you have to ask yourself what is so controversial
• 13:31
  Speaker 1: about that. Calling to the crowd, the absolute best of America,
• 13:35
  Speaker 1: the War Secretary said, looking at all of you, I
• 13:38
  Speaker 1: know you know why. The President always says, we have
• 13:41
  Speaker 1: the strongest, most powerful, most lethal, most ready military on
• 13:44
  Speaker 1: the planet, and he's going to make sure we keep
• 13:47
  Speaker 1: it that way. Why would anyone think that that is controversial. Now,
• 13:54
  Speaker 1: Pete wasn't done there. He had another thing to say
• 13:57
  Speaker 1: to the Navy troops, and this is what triggered them.
• 14:00
  Speaker 2: Left.
• 14:01
  Speaker 4: Nobody, nobody in the world does it better than the
• 14:04
  Speaker 4: United States Navy. Always remember this.
• 14:12
  Speaker 1: Fact.
• 14:14
  Speaker 4: You are not civilians. You are different sailors, seals, marines.
• 14:18
  Speaker 4: You were set apart for a distinct purpose. Your diversity
• 14:22
  Speaker 4: is not your strength. Your strength is your unity of purpose,
• 14:27
  Speaker 4: your shared mission, your love of country. Generation after generation,
• 14:32
  Speaker 4: battle after battle, ship after ship, sailor after sailor. You
• 14:36
  Speaker 4: have set the tone.
• 14:39
  Speaker 1: How is that controversial? Headseth went on to blast ei mantra,
• 14:44
  Speaker 1: saying diversity is our strength, instead highlighting the common mission
• 14:48
  Speaker 1: that unites all service members, saying quote, you're not civilians,
• 14:52
  Speaker 1: you are different sailors, seals, marines. Right, this is this again,
• 14:56
  Speaker 1: lifting them up. You are set apart for the distinct purpose.
• 15:00
  Speaker 1: Your diversity is not your strength. Think about that. Your
• 15:04
  Speaker 1: strength is your unity of purpose, your shared mission, your
• 15:10
  Speaker 1: love of country. Generation after generation, battle after battleship after ship,
• 15:15
  Speaker 1: sailor after sailor, you have set the tone. In other words,
• 15:18
  Speaker 1: it is not woke THEEI. That is not what sets
• 15:23
  Speaker 1: you apart. He continued on to reference John Paul Jones,
• 15:27
  Speaker 1: a Scott's born naval officer who is also known as
• 15:30
  Speaker 1: the Father of the American Navy for his role in
• 15:32
  Speaker 1: the Continental Navy during the American Revolutionary War, saying quote,
• 15:35
  Speaker 1: the story began with John Paul Jones when he declared,
• 15:38
  Speaker 1: I have not yet begun to fight.
• 15:40
  Speaker 2: Today.
• 15:41
  Speaker 1: We have a commander in chief who fights for all
• 15:43
  Speaker 1: of you and fights for our country every single day.
• 15:46
  Speaker 1: A commander in chief who guarantees that you, the war fighters,
• 15:50
  Speaker 1: have everything you need on the high season to our
• 15:53
  Speaker 1: enemies and if necessary went overwhelmingly. We have a president
• 15:58
  Speaker 1: who appreciates your dedication. He appreciates your service, your sacrifice,
• 16:03
  Speaker 1: and that of your family as well. And as I
• 16:06
  Speaker 1: always tell every service member, every sailor I see, he
• 16:10
  Speaker 1: referring to Donald Trump, has your back. Headsets, by the way,
• 16:13
  Speaker 1: concluded speech with a message of gratitude the sailors from
• 16:16
  Speaker 1: the Pentagon, saying quote, So war fighters on half of
• 16:21
  Speaker 1: everyone at the Department of War. Thank you, Thank you
• 16:24
  Speaker 1: for a commitment to America's navy. You stand the watch
• 16:27
  Speaker 1: two hundred and fifty years later. God bless you, and
• 16:31
  Speaker 1: may God bless our great Republic. God speed, the secretary
• 16:34
  Speaker 1: said to again, more of a round of applause. Now,
• 16:40
  Speaker 1: what in there is controversial? It's America first. It's celebrating
• 16:44
  Speaker 1: our men and women who saved this Country's celebrating the
• 16:46
  Speaker 1: men and women who've come before, those sailors that were
• 16:49
  Speaker 1: there today listening, who've given the ultimate sacrifice. What in
• 16:52
  Speaker 1: there is controversial? And why are Democrats losing their minds?
• 16:57
  Speaker 2: Now?
• 16:57
  Speaker 1: If you want to know, part of the reason is
• 16:59
  Speaker 1: because we're putting a Marrea and we're talking about having
• 17:01
  Speaker 1: a strong, not woke dei military. Something else to put
• 17:06
  Speaker 1: in context. Headset speech was immediately followed by short remarks
• 17:11
  Speaker 1: from the first lady she loves our military, which I love,
• 17:16
  Speaker 1: and then a forty five minute speech about America first
• 17:19
  Speaker 1: from Donald Trump. Now you have to ask yourself, what
• 17:23
  Speaker 1: possibly could Democrats be so angry about in this speech?
• 17:28
  Speaker 1: What possibly could they be so mad about? Right now?
• 17:35
  Speaker 1: Donald Trump getting up there, and here's what he said.
• 17:39
  Speaker 5: Then a month or shortly thereafter, and speaking to them
• 17:42
  Speaker 5: would have been much more difficult. In recent weeks, the
• 17:45
  Speaker 5: Navy has supported our mission to blow the cartel terrorists
• 17:49
  Speaker 5: the hell out of the water. You see that, and
• 17:58
  Speaker 5: you know, there are no votes in the world anymore.
• 18:00
  Speaker 5: We can't find any We'll have a hard time finding them.
• 18:04
  Speaker 5: But you know, it's a pretty tough thing we've been doing.
• 18:07
  Speaker 2: But you have to think of it this way.
• 18:09
  Speaker 5: Every one of those boats is responsible for the death
• 18:13
  Speaker 5: of twenty five thousand American people, had the destruction of families.
• 18:19
  Speaker 2: So when you think of it that way, what.
• 18:20
  Speaker 5: We're doing is actually an act of kindness. But we
• 18:25
  Speaker 5: did another one last night. Now we just can't find
• 18:28
  Speaker 5: any you know, it's the old story. We're so good
• 18:30
  Speaker 5: at it that there are no boats, in fact, even
• 18:33
  Speaker 5: fishing boats. Nobody wants to go into the water anymore.
• 18:36
  Speaker 5: Sorry to tell you that, but we stop. We're stopping
• 18:39
  Speaker 5: drugs coming into America.
• 18:41
  Speaker 2: That's okay.
• 18:42
  Speaker 5: We're stopping drugs at a level that nobody's ever seen before.
• 18:45
  Speaker 5: Last year we lost I believe three hundred thousand people
• 18:50
  Speaker 5: and that's not talking about the destruction to families. Every
• 18:53
  Speaker 5: one of us knows families that have been destroyed because
• 18:56
  Speaker 5: the son's daughter, even mothers and fathers are destroyed by
• 19:00
  Speaker 5: the fence at all boring in and drugs boring in
• 19:03
  Speaker 5: well not coming in by sea anymore. So now we'll
• 19:05
  Speaker 5: have to start looking about the land because they'll.
• 19:08
  Speaker 1: Be Let's just stop there and ask this simple question.
• 19:12
  Speaker 1: What is it the President said there that's controversial stopping
• 19:16
  Speaker 1: drugs coming in this country, using our navy to protect
• 19:18
  Speaker 1: America's homeway, and making sure that people aren't dying. What
• 19:21
  Speaker 1: is so controversial about that? And let's also just make
• 19:25
  Speaker 1: it clear. Isn't this exactly what Americans voted for. Isn't
• 19:30
  Speaker 1: this what Donald Trump said he was going to do,
• 19:33
  Speaker 1: because this is exactly why I'm happy and proud of
• 19:36
  Speaker 1: him being president. Let me also just go back to
• 19:39
  Speaker 1: something else that the President said that I wanted to
• 19:42
  Speaker 1: play for you, and this is him again talking to
• 19:46
  Speaker 1: the Navy today. He was talking about how we need
• 19:50
  Speaker 1: to have pay raises for our men and women in
• 19:52
  Speaker 1: the military because they're underpaid.
• 19:55
  Speaker 6: Listen, how worried about it you'll worry about do not
• 20:03
  Speaker 6: worry about it.
• 20:04
  Speaker 5: It's all coming.
• 20:05
  Speaker 2: It's coming.
• 20:06
  Speaker 5: And even more because I'm supporting the across the board
• 20:09
  Speaker 5: pay races for every sailor and service member of the
• 20:12
  Speaker 5: United States enfoard. But we have to take care of
• 20:18
  Speaker 5: this little nat that's on our shoulder called the Democrats.
• 20:21
  Speaker 5: They want to give all of our money to illegal
• 20:23
  Speaker 5: aliens that pour into the country. And you know, I
• 20:25
  Speaker 5: have a bigger heart than they do. But the problem
• 20:27
  Speaker 5: is when you do that, they come in by the minions.
• 20:29
  Speaker 5: Everybody wants that they can't do it. But I've also
• 20:33
  Speaker 5: pledged the largest ever investment in our military's history. We're
• 20:37
  Speaker 5: spending over one trillion dollars. We've never had anything like
• 20:41
  Speaker 5: that before, one trillion dollars on our military. And that
• 20:45
  Speaker 5: includes along with your Secretary of the Navy and Pete
• 20:49
  Speaker 5: heg sayth we're going to be building lots of ships
• 20:51
  Speaker 5: and doing a lot of things that you haven't seen
• 20:54
  Speaker 5: happen for thirty five years. We'll soon revitalize our once
• 20:59
  Speaker 5: great ships with hundreds of billions of dollars in new
• 21:02
  Speaker 5: investments and people coming from all around the world, and
• 21:06
  Speaker 5: they're gonna build chips in America.
• 21:08
  Speaker 2: We want to build in America.
• 21:09
  Speaker 5: And as I told generals and admirals last Tuesday. We
• 21:13
  Speaker 5: are getting woke. This the hell out of our military.
• 21:15
  Speaker 2: It's gone.
• 21:16
  Speaker 1: You gotta love a present. It says, not only am
• 21:18
  Speaker 1: I supporting across the board pay raises for every sailor
• 21:21
  Speaker 1: and service member of these armed forces. This is the
• 21:24
  Speaker 1: first time we've had that in a while. It also
• 21:26
  Speaker 1: talks about how I think he believes that America is flourishing.
• 21:30
  Speaker 1: Join me now to talk about this and what's happening
• 21:32
  Speaker 1: in the marketplace. Kurt Elliott, he's with Kirk Elliott Precious Metals.
• 21:35
  Speaker 2: Kurt.
• 21:36
  Speaker 1: You hear the present there talking about sailors and saying
• 21:39
  Speaker 1: it's time to give them pay raises. That is not
• 21:42
  Speaker 1: something you hear very often. He's also saying it while
• 21:45
  Speaker 1: he's doing major cuts in our government. That's something that's
• 21:48
  Speaker 1: very exciting as well when you hear both of those
• 21:50
  Speaker 1: combos together. And a lot of this I think goes
• 21:53
  Speaker 1: back to where we are with the economy and what
• 21:55
  Speaker 1: we're seeing, including that quarter point that we saw come
• 21:59
  Speaker 1: off with the that was pretty impressive. Your reaction to
• 22:02
  Speaker 1: all that awesome.
• 22:04
  Speaker 6: I mean, it's really great to see a strong leader
• 22:06
  Speaker 6: that really wants Americans first in the economy to flourish, right.
• 22:11
  Speaker 2: And part of that is paying people for what they're worth.
• 22:14
  Speaker 6: Part of that is getting rid of some of the massive,
• 22:19
  Speaker 6: massive government expenditures that aren't needed, right, And so this
• 22:23
  Speaker 6: is why we're seeing the government shutdown and and but
• 22:27
  Speaker 6: what we're you know, as an economist, I look at this,
• 22:30
  Speaker 6: It's like, Okay, we're going to see a bunch of
• 22:32
  Speaker 6: people furloughed this week, right, So then moving forward, we're
• 22:36
  Speaker 6: probably going to see some massive layoffs, not in essential jobs,
• 22:40
  Speaker 6: but in places that really aren't needed.
• 22:44
  Speaker 2: So moving forward, what is this going to mean?
• 22:46
  Speaker 6: As I look at it, you know, a month from now,
• 22:50
  Speaker 6: we're probably going to see the unemployment numbers go up.
• 22:53
  Speaker 2: The left is going to blame Trump. Trump, It's not
• 22:57
  Speaker 2: his fault, right there.
• 22:58
  Speaker 6: Nobody came to the table to actually play a reasonable
• 23:01
  Speaker 6: game on stopping the government shutdown. So when you look
• 23:06
  Speaker 6: at that, it's like, all right, he doesn't want to
• 23:08
  Speaker 6: spend one point five trillion dollars when the government doesn't
• 23:12
  Speaker 6: have money, So there's going to be a government shutdown.
• 23:15
  Speaker 6: But when you see the unemployment numbers that are probably
• 23:18
  Speaker 6: going to go.
• 23:19
  Speaker 2: Up, what does that mean?
• 23:20
  Speaker 6: Means the Fed is going to have to lower interest
• 23:23
  Speaker 6: rates again because the unemployment numbers are higher.
• 23:27
  Speaker 2: But there's a problem.
• 23:29
  Speaker 6: The problem is a lot of the BLS, which is
• 23:32
  Speaker 6: considered a non essential government entity, is possibly going to
• 23:37
  Speaker 6: be furloughed, so you might not actually see the labor
• 23:42
  Speaker 6: numbers and the unemployment numbers come out over the next
• 23:44
  Speaker 6: thirty days.
• 23:45
  Speaker 2: So the Fed's got this problem that they always have.
• 23:48
  Speaker 2: It's like, well, we don't know what to do, we.
• 23:49
  Speaker 6: Don't know where the economy is going, so they might
• 23:52
  Speaker 6: not do anything. Then they might not do anything this
• 23:57
  Speaker 6: next time, and this creates uncertainty and turbulence, and with that,
• 24:02
  Speaker 6: you're going to see the stock market probably come down
• 24:05
  Speaker 6: because of the uncertainty in the turbulence.
• 24:08
  Speaker 2: You're going to see.
• 24:08
  Speaker 6: Gold and silver rise because of the uncertainty in the turbulence.
• 24:12
  Speaker 6: You might see cryptocurrencies kind of stay static because they
• 24:17
  Speaker 6: don't know what's going on, and a lot of times
• 24:19
  Speaker 6: cryptocurrency tends to rise and fall with the stock market.
• 24:22
  Speaker 6: So there's a lot of turbulence right now. Right But
• 24:27
  Speaker 6: with that, I'm so encouraged, so encouraged that I don't
• 24:32
  Speaker 6: care how long this government shut down last, whether it's
• 24:34
  Speaker 6: two weeks or two months, we're going to start to
• 24:38
  Speaker 6: see some enhancement to the economy. Ultimately, they will have
• 24:42
  Speaker 6: to lower interest rates to stimulate the economy, just like
• 24:46
  Speaker 6: Trump what was asking for. And that's going to be
• 24:48
  Speaker 6: good things for all Americans. But in the meantime, we
• 24:52
  Speaker 6: have to play the hand that's dealt us, and that
• 24:55
  Speaker 6: is turbulence. The Fed isn't probably going to do anything
• 24:59
  Speaker 6: meaningful over the on October twenty ninth, and so what
• 25:04
  Speaker 6: we do we allocate into strength. As an economist, as
• 25:08
  Speaker 6: an investor, we have to allocate into strength. And that
• 25:12
  Speaker 6: strength is during times of uncertainty. Gold and silver really rise,
• 25:16
  Speaker 6: and they rise a lot.
• 25:18
  Speaker 1: You talk about the rise, and this is one of
• 25:21
  Speaker 1: the things that I do love about what you guys
• 25:23
  Speaker 1: do over Kurt Elict Precious Meals, and you can check
• 25:24
  Speaker 1: them out online as well and you can see what
• 25:28
  Speaker 1: they do. It's k e p M dot com k
• 25:32
  Speaker 1: e PM dot com. But what you guys look at
• 25:35
  Speaker 1: is the overall diversification. You look at gold right now,
• 25:38
  Speaker 1: it's crazy. It is almost almost four thousand an ounce.
• 25:43
  Speaker 1: It's at thirty nine hundred and change. Solver is it
• 25:46
  Speaker 1: close to the all time high at forty eight. Like there,
• 25:49
  Speaker 1: people around the world are running to this because of
• 25:52
  Speaker 1: all the things that you just mentioned.
• 25:55
  Speaker 6: Well, exactly right. I mean you look at gold that's
• 25:57
  Speaker 6: at an all time high. You look at silver, it's
• 26:00
  Speaker 6: sixty cents off of its all time high. And why,
• 26:04
  Speaker 6: I mean everything that we just mentioned is going to
• 26:07
  Speaker 6: propel it further. But year to date, I mean it's
• 26:10
  Speaker 6: it's October right. Year to date, gold is up probably
• 26:14
  Speaker 6: forty six percent year to date, not too shabby. Silver
• 26:19
  Speaker 6: is up over sixty six percent year to date. And
• 26:22
  Speaker 6: the reason is silver has a double layer of demand,
• 26:26
  Speaker 6: which is it's in manufacturing medal.
• 26:28
  Speaker 2: It's an industrial metal.
• 26:29
  Speaker 6: It's needed for everything that we're seeing, solar power, electric vehicles,
• 26:34
  Speaker 6: new battery technology, electronics, AI chips, cryptocurrency mining.
• 26:39
  Speaker 2: All of that needs silver.
• 26:41
  Speaker 6: Where where gold thrives been on uncertainty, turbulence, turmoil, inflationary pressures,
• 26:48
  Speaker 6: everything that we're seeing, which is why central banks around
• 26:51
  Speaker 6: the world allocate.
• 26:52
  Speaker 2: Into it by the hundreds of thousands of tons.
• 26:55
  Speaker 6: Silver now acts as a financial medal just like gold does,
• 26:59
  Speaker 6: but it has this extra layer of demand and that
• 27:02
  Speaker 6: supplies are diminishing.
• 27:04
  Speaker 2: I don't know if you and I talked about it.
• 27:07
  Speaker 2: I don't know if we've talked about.
• 27:08
  Speaker 6: It on air yet, but when we met earlier this week,
• 27:11
  Speaker 6: you know the TV Securities Toronto Dominion, you know like
• 27:14
  Speaker 6: TV Ameritrade, that TV their chief commodities analysts said it
• 27:20
  Speaker 6: actually amplified what I've been talking about for months, which
• 27:23
  Speaker 6: is London LBMA, the massive depository throughout the world. They
• 27:29
  Speaker 6: are going to be depleted from silver in four months.
• 27:32
  Speaker 6: What does that mean for the manufacturers like Samsung and
• 27:35
  Speaker 6: LG and Sony and Boeing and Lockheed Martin When they
• 27:39
  Speaker 6: need supply, they need physical delivery to make sure that
• 27:43
  Speaker 6: they can make flat panel TVs, and they can't get
• 27:46
  Speaker 6: it because it's running out, Prices just go up. This
• 27:49
  Speaker 6: is economics one oh one. And this is where I
• 27:53
  Speaker 6: get really excited, because when we can strip the emotion
• 27:57
  Speaker 6: out of our investment decisions and actually operate on logic,
• 28:01
  Speaker 6: you can be at the right place at the right
• 28:02
  Speaker 6: time and capitalize on this turbulence and turmoil and uncertain
• 28:06
  Speaker 6: Because one thing is not uncertain, that is metals are
• 28:10
  Speaker 6: running out, physical inventories are running out. How do I know, Well,
• 28:15
  Speaker 6: when you look at the futures price like of silver,
• 28:19
  Speaker 6: for example, the futures price is less than the current
• 28:24
  Speaker 6: spot price.
• 28:25
  Speaker 2: What does that mean.
• 28:26
  Speaker 6: It means that they need metals for physical delivery. They're
• 28:30
  Speaker 6: actually offering a higher price right now because they don't
• 28:33
  Speaker 6: have it. Then it's not there, and when the manufacturers
• 28:37
  Speaker 6: of the world need it.
• 28:38
  Speaker 2: And it's not there, they offer a higher price.
• 28:41
  Speaker 6: That's what that number tells me and us as investors
• 28:43
  Speaker 6: when we want to minimize risk and maximize return, play
• 28:47
  Speaker 6: into that market in what Trump is doing in this
• 28:52
  Speaker 6: economy is going to grow it.
• 28:54
  Speaker 2: I love It's incredible.
• 28:55
  Speaker 1: I love the way you say play into what Trump
• 28:57
  Speaker 1: is doing, play into what we need know he's doing
• 29:02
  Speaker 1: and what is happening right now. I couldn't agree more
• 29:05
  Speaker 1: with you on that. Look, if you guys that are listening
• 29:07
  Speaker 1: right now want to talk more with Kirk Elliott and
• 29:09
  Speaker 1: his team, they do an amazing job. I'm literally holding
• 29:11
  Speaker 1: a ten ounce Troy bar of silver in my hand
• 29:14
  Speaker 1: as we speak. I just got a hundred ounce bar
• 29:17
  Speaker 1: the other day because I'm diversifying. And if you want
• 29:20
  Speaker 1: to see everything they have for you, you can go
• 29:22
  Speaker 1: online to k e PM dot com. That's k e
• 29:26
  Speaker 1: PM dot com.
• 29:29
  Speaker 2: Don't forget.
• 29:29
  Speaker 1: Share this podcast wherever you can with your family and
• 29:32
  Speaker 1: your friends, and I'll see you back here tomorrow