The Alex Jones Show Live - CRITICAL ANALYSIS： Economist Kirk Elliot Joins Alex Jones To Break Down The Latest Developments!

00:00:00.000 the physical metals going to the world for manufacturers, if that supply chain gets shut

00:00:06.140 down, you're going to see prices go up on everything. Imagine your flat screen TVs and

00:00:12.380 computers all having to go up in price. Now people are going to really start to complain

00:00:16.380 this is happening during an election cycle. I mean, this doesn't look good for the economy, Alex.

00:00:30.000 All right, we're going to cover the latest military

00:00:38.620 and economic developments with Kirk Elliott then.

00:00:41.360 I'm going to take some calls at the start of the next hour,

00:00:43.640 and then Elizabeth Lane joins us in the fourth hour in studio

00:00:46.720 with a lot of huge news.

00:00:49.160 Another Kirk Elliott's a really smart guy.

00:00:50.780 He's a great economist.

00:00:52.420 He also has the most successful gold and silver brokerage company

00:00:55.560 in the United States, the highest ratings, kpm.com forward slash gold.

00:00:58.920 And he's a sponsor

00:01:00.440 But the main reason I have him on

00:01:01.760 Is not because of the sponsorship

00:01:02.960 It's because he's really smart

00:01:04.080 And we predicted back before this war started

00:01:06.880 What would happen

00:01:07.880 It all ties into Russia

00:01:09.040 It now ties into Zelensky breaking the ceasefire

00:01:12.120 And just all of the crazy numbers

00:01:15.080 That are coming out

00:01:17.120 Future is flat as oil rebounds

00:01:19.140 After Trump's energy ceasefire unravels

00:01:21.460 Memory stocks slide

00:01:24.420 That could be really the beginning of the AI bubble

00:01:27.000 Trump's trade wars

00:01:28.580 Sting U.S. manufacturers ahead of midterms

00:01:31.540 This is a pretty wild time

00:01:34.640 So we always unpack inflation and analyze that

00:01:36.940 I think we already know it's here

00:01:38.120 It's not going away

00:01:39.660 In other areas

00:01:41.960 How would you describe the geopolitical developments

00:01:45.340 And other things that added to the economy

00:01:47.420 And what is your current

00:01:48.600 Because I know we had you on a few weeks ago

00:01:50.760 But we're just giving updates on your prognosis

00:01:53.560 It's been dead on it or Kirk Elliott

00:01:54.840 I mean what we're seeing is

00:01:58.080 is midterm election cycle stuff really on on steroids i mean so alex we've got the war

00:02:07.760 that's going on that just never ends and it never ends and it never ends and it's dragged

00:02:12.060 down much longer than anybody thought possible causing oil to go up causing interest rates to

00:02:19.440 go up right and and people vote with their wallets right and so so you you look at that

00:02:25.780 and some of the predictive sites.

00:02:27.980 Hey, Kirk, do me a favor.

00:02:28.840 Will you drag your mic a little bit closer to you?

00:02:33.200 Is that better?

00:02:34.440 That's beautiful.

00:02:35.060 Go ahead.

00:02:35.900 Okay, good.

00:02:36.980 Yeah, so you look at some of the predictive sites

00:02:38.860 like Kalshi, for example,

00:02:41.180 90% chance that the Democrats take the Senate,

00:02:46.460 63%, I'm sorry, the House,

00:02:48.480 63% chance that they take the Senate.

00:02:51.220 So these aren't like general, you know,

00:02:54.100 pollsters that are generally biased. I don't know how the predictive sites get it so good. But

00:03:00.360 this is a problem moving forward because you've got two ways to actually grow the economy. Number

00:03:07.100 one is you lower taxes. You create a framework for economic success so people can work and make

00:03:14.120 sure that wages outpace inflation. And then that creates jobs. Or you can promise people the most

00:03:20.260 out of the treasury to get people to vote for you. Right. And, you know, those are the two ways that

00:03:24.980 you, you get votes. One is economic growth. One is economic contraction. So with this prolonged

00:03:30.640 war, with the inflationary pressures, with increasing interest rates, I'm hearing some of

00:03:35.680 the dumbest, literally dumbest comments coming out of mainstream financial media, like interest

00:03:43.420 rates. Okay. So two people are going to send the dumb stuff. Interest rates going up are going to

00:03:49.560 be great because people who have savings accounts are going to get a higher interest rate on their

00:03:54.680 savings and they need that income. It's like, okay, this would be fine if 100% of America had

00:03:59.960 savings accounts, but only 2.8% do. How many people have debt? Just about everybody, right?

00:04:07.420 And then you've got President Trump that actually said, you know what? The $40 trillion

00:04:12.760 debt that we have, you know, we can get rid of that by inflation. I don't mind inflation. It's

00:04:19.580 like, what? So what does he mean by that? He means when you inflate, you devalue the currency,

00:04:24.900 you're paying off the existing debt with devalued money, which is not untrue. That's not an untrue

00:04:31.800 statement, but the inflationary pressures really hurts all of America. It's a bad way to do it.

00:04:37.400 That's how Weimar Republic Germany did it, right?

00:04:40.600 They just, when they had all the debt from World War I

00:04:43.680 and the Treaty of Versailles came in and said,

00:04:46.480 hey, Germany, you've got to repay your war debts

00:04:48.120 and said, wait a second, we don't have the money.

00:04:50.660 So what did they do?

00:04:51.880 They ran the printing press like 24-7

00:04:54.620 and then sped it up until they had so much inflation

00:04:58.500 that people had to be paid in wheelbarrows full of cash.

00:05:01.240 I mean, this is not good.

00:05:03.600 It's not, is it true that inflation devalues your currency and you can pay off existing debt with the devalued dollar to make it cheaper?

00:05:11.080 Yes.

00:05:11.680 And for the elites that get first use of the money, as long as they can control the population, it works for them.

00:05:17.600 But just to be clear, you're right.

00:05:18.860 So let's start over.

00:05:19.680 We should probably make the announcement, which I already said, you said years ago, the decision has been made to basically hyperinflate the currency.

00:05:26.900 Trump's trying to get innovation and jobs, so at least you get paid more, so that mitigates some of it.

00:05:31.080 But that's questionable how that's been going, especially with this Iran war that put a wet blanket on that.

00:05:36.000 So the point is, I think we've reached the point of no return on serious inflation.

00:05:40.720 They've signaled that's the way it is.

00:05:42.980 This is historic.

00:05:44.360 How bad do you think it'll get on the current trajectory?

00:05:47.940 Well, I think it's going to get worse because you look at the numbers, the payroll numbers that just came out last week.

00:05:54.260 They rose 29,000 in September.

00:05:56.940 It's like, OK, what was it supposed to be?

00:05:59.640 It was supposed to be 80,000.

00:06:04.780 So 84,000 economists were interviewed in this pre-survey, and they expected 80,000 jobs.

00:06:14.000 Well, they only got 29,000.

00:06:15.460 How can you be off by 55,000, right?

00:06:18.220 It's like this is wildly bad.

00:06:20.840 So you start to look at the narrative that's happening right now, which is midterm elections, you've got the House and you've got the Senate that are at play.

00:06:33.760 And so what's the narrative coming out?

00:06:36.020 Well, let's have the jobs numbers look terrible and let's start increasing interest rates.

00:06:40.480 You go back to when Harris was running, right?

00:06:43.440 And what did they do during the Biden-Harris transition?

00:06:46.920 You know, what did they say?

00:06:47.880 Well, let's actually decrease interest rates and let's make the job numbers look really good.

00:06:54.720 Right. They still didn't win. But yet you see this narrative coming out of financial media, which is fabricated to tell a story that they want us to hear.

00:07:04.280 So when you start to look at the truth, it tells me that this inflationary picture that we are going to see moving forward, I don't think it's going to end anytime soon.

00:07:14.800 the job numbers are not looking good. This conflict in Iran, maybe it ends, maybe it doesn't.

00:07:21.720 But even if it does, there's so much backlog that we've talked about for the last year

00:07:27.000 of the damage that's already been done to fertilizer and causing food shortages. And

00:07:32.320 you're seeing inflation at the grocery stores and you're seeing inflation in oil. Look what's

00:07:36.320 happening to diesel fuel, right? I mean, this is not a good situation. All at the time,

00:07:42.740 When we are sitting at a at a transitionary time frame of a commodity super cycle, right, which which there's there's short term cycles and there's long term cycles.

00:07:55.060 Right. And so we're on the verge of of a long term commodities super cycle, almost like a fourth turning cycle, which means we're at the bottom.

00:08:05.720 We should see a trend up in commodities prices for a long, long time, like literally multiple decades.

00:08:12.120 So you've got all of these things happening at the same time, which points towards what?

00:08:17.000 They're going with hyperinflation.

00:08:19.220 So land, gold, silver, everything of tangible value is going to go straight up

00:08:23.160 because everything else is going straight down.

00:08:25.060 It's not really going up.

00:08:26.200 It's just the only thing that holds value because it's tangible and real.

00:08:29.120 So let's talk about this final capitulation wave for silver.

00:08:32.080 See you at 300 silver.

00:08:34.020 You've got Russia increasing their purchasing of silver, gold, five-fold.

00:08:41.400 and we can just get overshadowed. Yeah. And so, I mean, this is a big deal.

00:08:47.800 It's a, it's a big deal. So that, that chart that you have on top, the capitulation of silver,

00:08:52.660 this is the fundamentals that you and I have been talking about. This is the technical,

00:08:57.740 basically reality that the fundamentals are making. The fundamentals always make a chart.

00:09:03.060 So what does that chart show in any bull market? Two steps forward, one step back,

00:09:07.420 consolidate, go sideways for a while. Two steps forward, one step back, consolidate,

00:09:11.560 go sideways for a while. On a chart, that shows a pennant formation of descending highs and

00:09:19.080 increasing lows. And when you get to the tip of that pennant, it's usually a massive breakout.

00:09:25.100 So this researcher thinks that that could be silver at $300 by January. I think that's a,

00:09:30.800 I'm not going that far in my head, but I've said for a year, 100 to 120 by January,

00:09:36.860 And so if this guy is right, I'd be the happiest guy on earth. Right. But but I still think the foundation is there, which is why I've been talking about it for so long.

00:09:47.540 And sometimes markets can stay irrational longer than we can stay rational, Alex.

00:09:52.400 And and this sideways movement because of the Iran conflict is about over. Right.

00:09:57.840 is the fundamental messaging shifts.

00:10:00.020 So then you look at what Jesse Colombo,

00:10:03.020 who I think is a brilliant researcher,

00:10:05.840 he said, we've got this pattern in gold and silver

00:10:10.520 where we came down

00:10:12.320 after one of those consolidation periods.

00:10:14.520 And why are those consolidation periods important?

00:10:18.400 Because they build a platform,

00:10:20.460 like a trampoline for the next leg up.

00:10:23.260 Well, when the prices come down,

00:10:25.040 you could either hit that,

00:10:26.100 it's a resistance level,

00:10:27.840 bounce off of it and go up or you could keep going down which means that the trend is going

00:10:32.680 to continue to go down but what did they do they hit the resistance and they're starting to bounce

00:10:38.040 up another bullish technical pattern what's another fundamental thing that we're seeing

00:10:44.420 russia and china are buying gold and silver a lot so how much did china actually buy so they in

00:10:53.360 September, they bought another 23 tons. I mean, that's a lot, right? And what did Russia decide

00:11:00.140 to do? They're going to increase their purchasing of gold by 5x. So you've got this picture moving

00:11:08.400 forward that says things don't look so hot for the global economy, but what if they not stopped

00:11:15.440 doing? They didn't stop buying gold and silver. Only consumers did because they get tired of the

00:11:23.340 sideways actions, like, oh, I'm just going to wait

00:11:25.480 for a while, and blah, blah, blah, but

00:11:27.400 the big boys, the central banks,

00:11:29.640 the hedge funds, the international

00:11:31.420 money center banks, like J.P. Morgan,

00:11:33.680 Bank of America, etc., they've

00:11:35.480 been buying. Well, by the way,

00:11:37.680 it's hard to even have to explain this to

00:11:39.420 people, that all the elites are buying

00:11:41.560 it up for years as fast as they can the

00:11:43.440 last three years, and then when it

00:11:45.380 makes a pause because of manipulation, because of the uncertainty

00:11:47.520 of the war, that's a buying opportunity.

00:11:50.000 I mean, I'm not going to give people bad advice.

00:11:51.680 This is the best advice there is.

00:11:53.020 Is anything perfect in this world?

00:11:53.960 No, other than God.

00:11:55.900 But yeah, I mean, I'm here pitching silver and gold.

00:11:58.000 You got great prices and great service, great reviews.

00:12:00.240 But that's a side issue compared to what is this going to do to the real economy?

00:12:05.100 Because gold and silver going up is a sign that things ain't going too hot.

00:12:08.560 What do you make of how bad the strait being closed for 200 and something days?

00:12:12.380 And what's baked into this now?

00:12:15.560 Zelensky sabotaging peace deals.

00:12:17.900 Trump demanding he removes.

00:12:19.060 Zelensky publicly rubbing Trump's nose in it.

00:12:21.520 We know the CIA is really running the war against Russia.

00:12:24.080 So it looks like they're basically, I don't think Trump's just paying lip service.

00:12:28.900 He wants to be the big peace guy.

00:12:30.860 Where do you see that going?

00:12:33.940 Well, I don't think it's going to end anytime real soon.

00:12:37.500 And so you look at the price of commodities that comes from that, right?

00:12:42.080 The price of oil, the price of copper, the price of steel, the price of gold and silver,

00:12:46.720 the price of tungsten or lithium.

00:12:49.060 They're all going up, right?

00:12:51.460 They're all going up.

00:12:52.280 And so what does that mean?

00:12:54.420 It means that everything that you buy that has those in them, from electric vehicles to batteries to electronics to AI chips to computers to solar to nuclear to everything, literally everything is going to have prices going forward.

00:13:10.820 So what's then the propensity going to be to the Federal Reserve that says, what is their mandate to create jobs and to price, have price stability?

00:13:22.620 So fight inflation. So what are they going to do? They're going to what's their tool to fight inflation?

00:13:29.140 You can either pull money out of the money supply or you can raise interest rates.

00:13:32.220 So what are they going to do? They really never pull money out of the money supply.

00:13:35.980 So they're going to raise interest rates, right?

00:13:39.240 And so that's happening at the Fed, while at the same time, Treasury Secretary Besant is saying, my goal is not what the Fed's goal.

00:13:49.980 My goal is to make sure that the dollar stays strong and the bond market doesn't fall apart, right?

00:13:54.220 You have to have a strong Treasury.

00:13:56.160 So this is what is such an interesting development.

00:13:59.080 Yeah, and people know about the paradox.

00:14:00.780 You predicted this years ago.

00:14:02.120 Now it's here.

00:14:03.260 But what does the paradox do?

00:14:04.700 What are your predictions for the future?

00:14:07.560 Well, my prediction for the future is short-term Scott Bacent is going to lose.

00:14:12.680 I think that Kevin Warsh is going to win because what Bacent is doing in increasing treasury operations to bail out the bond market by doubling treasury operations, that's inflation.

00:14:25.640 That's like quantitative easing on steroids.

00:14:28.180 So that creates inflation.

00:14:29.700 Kevin Warsh is going to win in the short term because he's got he's the guy that has his finger on the button last.

00:14:36.280 He's saying, well, if a sense going to create inflation, I'm going to slow it down by jacking up interest rates and percent saying, well, wait a second.

00:14:42.640 I want to lower interest rates, stimulate this thing. Right.

00:14:45.360 So this is the internal battle. Now, something very interesting happened last week.

00:14:51.120 So Judy Shelton, who Trump wanted to be chairman of the Fed, you know, but she she didn't even make it past the Senate committee hearings last time.

00:15:00.620 Does that mean she's bad? 0.85

00:15:01.720 No, it means she's good because she probably had really good ideas. 0.64

00:15:04.640 You know, we don't want good ideas.

00:15:06.980 Right. So what is her idea?

00:15:09.720 She's a very stable currency, hard currency. 0.88

00:15:14.880 She likes gold. 1.00

00:15:15.920 She wants sound money. 0.76

00:15:17.420 What's wrong with any of that?

00:15:18.580 Nothing.

00:15:19.060 What's weird about the story is Scott Bessent hired her at the Treasury to be one of his top advisors and on this kind of dream team to get things fixed because he knows that things are broken.

00:15:33.340 Right. And his goal as Treasury secretary is to what?

00:15:37.040 Maintain a solid bond market, Treasury market and keep the dollar afloat.

00:15:40.940 So he brings in Judy Shelton. 0.72

00:15:43.480 What is Judy Shelton? 1.00

00:15:44.400 She doesn't necessarily want a gold backed currency. 1.00

00:15:47.200 She wants a gold-backed treasury bond.

00:15:49.700 So after your treasury bond matures, you leave it up to the people.

00:15:54.520 Do you want redemption in gold or do you want redemption in fiat money?

00:15:58.520 She's thinking people are going to want redemption in gold.

00:16:00.680 And as you said a couple years ago, we see China, Russia,

00:16:03.080 everybody moving towards a partially gold-backed system.

00:16:07.160 Absolutely, and I think this is a move in that direction too.

00:16:11.320 You've got to keep up with these other nations.

00:16:13.140 If you had a choice, Alex, like everybody that's watching this show,

00:16:17.200 Are you going to say, I want to invest in a currency, whether it's in Japan or the Euro or the United States or China or anywhere, that doesn't have any kind of tangible backing?

00:16:27.320 Or do you feel safer having one that has tangible backing?

00:16:29.740 Sure, and it's a good sign to move in that direction as you predicted.

00:16:31.840 So tell us, people need to call the number, do a free consultation or email you guys.

00:16:37.140 They need to get into silver and gold.

00:16:38.400 That's obviously a smart move.

00:16:39.600 You guys have the best ratings.

00:16:41.120 We'll put your URL on screen for people, KPM.com forward slash gold and the toll-free number.

00:16:47.200 or the number, everything's toll-free now.

00:16:51.580 You can also roll over financial instruments.

00:16:53.280 Tell us about that.

00:16:55.460 Yeah, so 401ks, IRAs.

00:16:59.140 If you have a 401k, you're older than 59 1⁄2,

00:17:01.560 it can go into physical gold and silver, tangible assets,

00:17:05.000 not an ETF, not paper, physical gold and silver

00:17:08.140 held for you in an IRA.

00:17:10.680 If it has IRA in the name, beneficiary IRA,

00:17:14.520 traditional IRA, simple IRA, SEPA, Roth IRA. We can do that as well already because IRAs,

00:17:21.740 you can do that. So 401ks are interesting if you're older than 59 and a half. But if you have

00:17:29.680 just a brokerage account, that's not a retirement account, you can also do that in physical precious

00:17:34.020 metals. You either take delivery of it at home or you can store it. Now we charge 8% on top of

00:17:39.400 wholesale zero percent when you liquidate zero nothing i hope it grows hundred thousand dollar

00:17:45.660 portfolio grows to a million because when you sell it if there's a commission on the back end

00:17:50.200 that could be huge ours is zero right and it's only bullion because it's liquid it has to be

00:17:56.180 liquid if you can't sell it m.com forward slash gold 720-605-3900 i got one more question for

00:18:02.580 you when we come back explain what final capitulation wave for silver means in these

00:18:07.920 graphs, and these big

00:18:09.940 moves by the big banks into gold

00:18:12.120 and silver. What does that mean?

00:18:14.080 I'm going to shift gears into other news.

00:18:16.080 Stay with us, folks. We'll be right back.

00:18:27.280 You're watching

00:18:28.560 The Alex Jones Show.

00:18:30.560 Tomorrow's news today. 1.00

00:18:37.920 Enter Betty Valentine from the upper hall. 1.00

00:18:41.860 She sees a bartender in a pool of blood.

00:18:45.680 Cries out, my God, they've killed them all.

00:18:49.460 Here comes the story of the hurricane.

00:18:53.240 The man the authorities came.

00:18:54.920 Any way you slice it, we're in a time of incredible change.

00:19:00.500 And we're here trying to analyze it with really smart people that have track records of being accurate.

00:19:05.780 That's all we're doing here, ladies and gentlemen.

00:19:07.600 is trying to discover what's happening just like

00:19:09.640 you are together. We don't claim

00:19:11.660 to have all the answers, but we sure got a lot more

00:19:13.560 answers than almost everybody, because we're not here to

00:19:15.540 lie to you. We're independent. It's what the bad guys

00:19:17.220 want to shut down. Dr. Kirk Ellington's going to leave us here

00:19:19.640 in a few minutes, but we've got really big news I'm about to finish up

00:19:21.500 with him on. I want to open the phones up

00:19:23.640 for you to be able to respond

00:19:25.500 to everything that's been going on.

00:19:27.920 Zelensky killing the ceasefire deal.

00:19:29.940 Trump's saying it needs to be removed.

00:19:31.700 Iran blowing up the Saudi Arabian airports.

00:19:33.660 Those being closed.

00:19:35.720 The midterms, 20 days out.

00:19:37.600 all of the craziness going on,

00:19:40.780 the big Jeffrey Epstein,

00:19:42.560 Howard Lightning whistleblower

00:19:43.500 being found murdered.

00:19:45.040 I mean, there is a lot

00:19:46.000 to talk about Trump last week.

00:19:47.240 He's not going to prosecute

00:19:48.120 the deep state.

00:19:49.040 But then they are now

00:19:50.240 raiding Ilhan Omar.

00:19:52.980 That's just a stunt.

00:19:53.920 Where do you think that's going?

00:19:55.480 And the big news I've covered

00:19:56.540 the last two days

00:19:57.260 that nobody else is heading on.

00:19:59.660 Bill Gates, Obama,

00:20:00.860 with Sam Altman of OpenAI

00:20:03.500 and the Anthropic Group

00:20:05.040 and others are all saying

00:20:06.380 that their competition is about to launch a giant cyber takeover,

00:20:10.980 that AI is rogue.

00:20:12.220 They want a world government headed up by Bill Gates.

00:20:14.760 He actually says that to protect us from AI.

00:20:18.380 They're getting ready to false flag, folks.

00:20:20.320 That is so obvious.

00:20:21.940 It's not even veiled.

00:20:23.660 So that's a huge deal.

00:20:24.780 The number to join us is 512-266-0642.

00:20:28.360 Any of those big topics.

00:20:30.180 First-time callers.

00:20:31.000 We'll take first-time callers today.

00:20:32.600 512-266-0642.

00:20:34.640 512-266-0642

00:20:38.840 at least in the first round of callers

00:20:40.220 first time callers

00:20:41.300 after you hear somebody hang up

00:20:42.220 you can call in if you're a regular caller

00:20:43.240 won't give new people a chance

00:20:44.480 512-266-0642

00:20:47.560 512-266-0642

00:20:49.760 so Elliot

00:20:50.500 I understand some of this

00:20:51.800 but you're the economist

00:20:52.580 and the silver gold expert

00:20:53.780 final capitulation wave for silver

00:20:56.260 see you at 300

00:20:57.500 what do these charts with it going straight up mean

00:21:00.120 and we can put that on screen

00:21:02.380 and then that ties into the crisis as you predicted so many of these big gold and silver

00:21:08.400 holding houses are running out there's demand higher than what the mines can even get what

00:21:13.260 what does this chart on screen mean to lay folks like myself yeah so so that means that pennant

00:21:19.620 pattern that you see there at the end where it's narrowing and tapering once the price breaks above

00:21:26.600 that, you kind of lose the resistance. You break out of the consolidation pattern. So that article

00:21:34.140 where it talks about capitulation is simply the act of surrendering, right? It's giving up

00:21:39.200 resistance. And so it's breaking out of that resistance. And whenever you see that kind of

00:21:46.120 a technical pattern, chances are it's going to go up a lot and it's going to go up a lot quickly.

00:21:53.200 Like we saw this in 25, the end of 25 going into 26, right?

00:21:58.280 Silver was 70 something dollars an ounce, went to 120 in the matter of like six weeks.

00:22:03.200 It's amazing.

00:22:04.520 It's amazing.

00:22:05.240 Why?

00:22:05.500 Because you break out of a consolidation pattern and in layman's terms, it's like a compressed spring, right?

00:22:13.340 The harder you hold it, the more that it pops when you let it go.

00:22:17.360 That's what we're about to see, in my opinion, because of everything that's going on.

00:22:22.940 Now, we just had a big black swan event of LBMA, which is where the physical metals are basically traded from.

00:22:31.380 It's the largest physical metal supplier on Earth goes through London.

00:22:36.320 Well, they're on the verge of bankruptcy because of some big lawsuits that have come against them.

00:22:42.300 They don't have the funds to pay it, so they might go under.

00:22:44.660 So what if they go under LBMA?

00:22:48.240 What happens to the gold and silver markets?

00:22:51.100 They either go to the United States or they go to China.

00:22:54.120 Well, most of the world does not trust the United States.

00:22:56.540 They've already been repatriating their gold and silver out of New York.

00:23:00.740 So chances are it goes east.

00:23:02.540 It goes to Asia. 0.99

00:23:04.100 This is going to create havoc in the markets. 0.99

00:23:07.580 I mean, just the story of it is going to create havoc.

00:23:10.420 And so take advantage of the mayhem rather than letting this mayhem take advantage of you.

00:23:16.120 This volatility that comes from that, just the story of it, gold and silver like volatility, right?

00:23:23.140 They like mayhem.

00:23:24.300 They like chaos.

00:23:25.380 Now, the reality is when that happens, you start to lose massive supply, massive supply.

00:23:34.240 This is exactly the same setup that we saw in December when London had no supply.

00:23:39.900 What happened?

00:23:40.480 The lease rates went through the ceiling.

00:23:42.480 You couldn't get any physical silver.

00:23:44.460 the price started to go up and that started to really impact individual

00:23:49.100 purchasers as well as global purchasers and a short squeeze.

00:23:53.820 I mean, we're being set up for something really great here, Alex,

00:23:57.300 in the metals markets, not good for the rest of the world,

00:24:00.400 but good for those of you who hold metals.

00:24:03.100 I was about to say in closing that this is not a good sign for the rest of

00:24:06.580 the economy.

00:24:07.760 No, it's a bad sign.

00:24:09.540 It's like really bad.

00:24:11.720 When you look at the physical metals going to the world for manufacturers,

00:24:17.440 if that supply chain gets shut down, you're going to see prices go up on everything.

00:24:23.840 Imagine your flat screen TVs and computers all having to go up in price.

00:24:28.420 Now people are going to really start to complain.

00:24:30.600 This is happening during an election cycle.

00:24:32.560 I mean, this doesn't look good for the economy, Alex.

00:24:36.780 Now, I know most people understand this from people who don't know.

00:24:39.740 yields up i see people coming on x well that means you know the bonds are making more yeah for the

00:24:45.640 people buying them but you're having to offer them more because they're more risky that is the surest

00:24:49.660 side of inflation like diesel prices being off the hook so explain that to folks that don't seem

00:24:54.540 to understand the bond crisis that's happening and beset's attempts to get the yields down has

00:25:00.000 miserably failed not a good sign not a good sign i mean when when beset did his first operation

00:25:06.700 of doubling from $2 billion to $4 billion per operation

00:25:10.900 to try to bail out the bond market.

00:25:12.520 That's just money that they're injecting to buy bonds

00:25:15.280 when the rest of the world doesn't want them.

00:25:17.620 If Japan, if Russia, if China, 0.90

00:25:20.240 if they're all de-dollarizing the world 0.93

00:25:22.100 and selling U.S. treasuries,

00:25:23.980 somebody needs to buy them.

00:25:26.720 So what did Basant say?

00:25:28.140 We're going to be the buyer of last resort.

00:25:29.620 We'll buy our own stuff.

00:25:30.460 We'll just tell the Fed to print money.

00:25:31.800 We'll buy our treasuries.

00:25:33.420 And so when there's demand, the yield should come down.

00:25:36.380 But what happened?

00:25:37.700 It stayed down for like less than a day.

00:25:40.160 The day after he did that, yields went up higher than they were before,

00:25:45.460 which means the whole world sees that the emperor has no clothes.

00:25:48.920 I was about to say, you predicted months before he would monetize Japanese debt

00:25:52.560 when it came due, and then because they were really buying our debt,

00:25:56.140 so he's monetizing our debt through them buying our debt.

00:25:58.000 Now they're saying they're going to even basically stop buying our debt. 0.92

00:26:00.420 The Chinese have already cut way back. 0.97

00:26:02.400 And so you were able to predict that he would do that, 0.98

00:26:06.180 but it would backfire. It has. So what do you predict comes next?

00:26:10.240 I think just more quantitative easing with the bad job numbers with the rest of the world still

00:26:16.360 de-dollarizing. But we need we need funds to make ends meet in our country. And so this is and if

00:26:23.820 they don't, if they don't keep this bond market afloat and keep it from imploding, which it will

00:26:29.800 implode if the rest of the world is de-dollarizing and dumping treasuries on the open market,

00:26:34.820 It will implode.

00:26:35.720 If that happens, bond market comes crashing down to earth.

00:26:39.480 That's also going to impact the stock market in a bad way.

00:26:44.300 Because that's a key point.

00:26:45.300 Some listeners, when they watch this on Rumble or X, I see the comments when you're on, they go, why are you endorsing quantitative easing?

00:26:52.020 We're not.

00:26:52.560 It's like, do you drink cyanide or do you drink arsenic?

00:26:55.560 Arsenic is probably, you know, 20, 30 times, depending on how concentrated, less poisonous than cyanide.

00:27:00.780 One little half a gram of cyanide, you're dead.

00:27:04.120 you can drink a lot of arsenic. You'll be really sick. There's ways of detox. You might survive.

00:27:09.640 We don't want to drink the arsenic, but if we got a gun to our head, you got to drink one poison.

00:27:14.280 But like you said, Basin's plan is failing. So they're going with the Federal Reserve plan.

00:27:19.500 And so this is going to be spectacular. It's going to be something else. It's like it's the

00:27:24.520 lesser of two evils, right? You could say, well, yeah, we don't do quantitative easing. We'll let

00:27:29.020 the bond market collapse the financial system as we know it is toast so therefore you just keep

00:27:34.820 printing but i was about to say though but i was about to say if you do the interest rate increase

00:27:39.280 and you have the quantitative easing what do you call that um stagflation you call that um

00:27:47.820 or host is what you call that because you're going to have higher prices and higher cost of debt

00:27:55.040 Those shouldn't go together.

00:27:57.400 Yeah, but this was done the last time we were in a situation like this.

00:28:01.060 It was 70, so maybe it's about a sign.

00:28:05.040 It's stagflation.

00:28:05.980 How did Reagan fix it?

00:28:07.360 To slow down that inflation, he jacked up interest rates to 18%.

00:28:11.500 I mean, 18 is the only way that they could slow down that inflation train.

00:28:16.380 And so when people complain that mortgages are now just pushed above 7% for the first

00:28:22.660 time since like 2009, they're complaining about it.

00:28:27.120 Imagine what the end result could be if this is allowed to play on like this and you get

00:28:31.960 interest rates in the teens again.

00:28:34.180 I mean, that's how he had to slow it down.

00:28:36.960 What's worse this time is we have way more debt.

00:28:39.660 Wages aren't keeping up.

00:28:40.920 I mean, you've got more inflation.

00:28:43.000 And so when you've got more inflation, more debt, bigger supply and demand discrepancies, we're going to have higher interest rates.

00:28:51.380 How high do they go?

00:28:52.500 That's what we don't know.

00:28:54.260 But that's going to be very problematic for pension funds.

00:28:58.720 Any people with bonds, right?

00:29:02.840 Why?

00:29:03.080 If you hold a bond and interest rates go up, well, isn't that better, Kirk, because you're getting a higher interest rate?

00:29:07.400 No, because you're going to ultimately sell that bond.

00:29:10.500 These bond funds and portfolios that hold bonds, when interest rates go up, the value of bonds comes down.

00:29:16.820 So they are selling them at a lower price.

00:29:19.960 That's not good.

00:29:21.840 This is why for the bond market to be prosperous and successful and grow and thrive, you need to have lowering interest rates.

00:29:30.280 This is why Besant's wanting to lower interest rates, because it strengthens the bond market.

00:29:34.840 That's not where we're going.

00:29:36.080 We're going in the opposite direction to slow down inflation.

00:29:39.460 Wow, what an insane time.

00:29:40.960 Well, the smartest move is gold and silver.

00:29:42.720 You've got the highest ratings.

00:29:43.940 People should call you right now.

00:29:45.260 You guys are super low pressure, so you've got to, like, make them sell you silver and gold.

00:29:48.360 People should go to kpm.com forward slash gold, kpm.com forward slash gold, or 720-605-3900-720-605-3900.

00:29:58.560 Dr. Kirk Elliott, thank you so much.

00:29:59.940 Talk to you soon.

00:30:01.400 You bet.

00:30:01.660 It's my pleasure.

00:30:02.960 Buy gold and silver bullion at wholesale.

00:30:05.840 You can look every day with the prizes.

00:30:07.220 They type in what's wholesale, gold, and silver, and then you get it from them with a little processing fee,

00:30:11.920 and then they buy it back for nothing, with no cost.

00:30:14.140 That's unprecedented.

00:30:15.300 It's so easy.

00:30:16.720 They're the real deal, folks.

00:30:18.160 You want to get in there.

00:30:19.140 You want to get a consultation.

00:30:20.560 Financial insurance, you want to roll over.

00:30:21.700 But just spot price, price of the metal in the ground.

00:30:25.100 Miners haven't even touched it yet.

00:30:26.640 Then they pull the metal out of the ground. 0.57

00:30:28.480 They dig their tunnels.

00:30:29.320 They drive it to the refinery.

00:30:30.360 They melt it down, make it into a coin or a bar.

00:30:32.280 That's wholesale.

00:30:33.260 We charge 8% on top of wholesale.

00:30:35.040 When you liquidate, we charge zero.

00:30:38.240 See, all dealers around the country are getting at wholesale.

00:30:42.740 So then why are some people charging 200% over spot?

00:30:46.760 Because it's commission.

00:30:48.260 I mean, it's insane.

00:30:49.400 I have these companies.

00:30:50.220 I had them laugh at me last week.

00:30:51.500 They go, look, we're not ripping people off.

00:30:53.220 We're doing 40.

00:30:53.860 That's standard.

00:30:54.820 Come on, man.

00:30:55.400 Two and a half million right now.

00:30:56.520 A month.

00:30:58.040 And I'm just like, and I said, I'm not doing it.

00:30:59.540 They just laughed at me.

00:31:01.000 Well, hey, you go ahead and act like that.

00:31:02.560 You go ahead and behave like that.

00:31:03.540 I mean, that's how they can afford to pay $2.5 million a month.

00:31:07.820 I mean, it's insane.

00:31:09.420 So these companies, if you ever see a collectible, a commemorative,

00:31:13.800 and you talked about it early on.

00:31:15.480 It's like you have that for a fundraiser, for the voice of freedom.

00:31:20.120 But don't invest in that.

00:31:22.320 It doesn't have a good ending.

00:31:23.660 I don't know how these people sleep at night.

00:31:25.720 It's like bank robbing.

00:31:26.700 I could not do that to my listeners.

00:31:29.520 I mean, I couldn't either.

00:31:31.340 And if anybody wants to read about the intricacies of that, Dale Whitaker wrote a great book called The Gold Grift.

00:31:36.880 It's fantastic.

00:31:37.700 It explains all of it.

00:31:38.980 So that's why bullion is so important.

00:31:40.480 It's 100% liquid because it's a global commodity used for manufacturing.

00:31:44.100 You press a button, you sell it, and we don't charge anything when you liquidate it.

00:31:47.660 You could do that in an IRA.

00:31:49.780 You could do that with an old 401k.

00:31:51.460 You could do it with a current 401k as long as you're 59 1⁄2 and just roll it into an IRA.

00:31:55.980 People need to call you right now, Dr. Elliott.

00:31:58.440 Now is the time.

00:31:59.280 Thank you so much, and God bless you for the incredible information.

The Alex Jones Show Live - October 12, 2026

CRITICAL ANALYSIS： Economist Kirk Elliot Joins Alex Jones To Break Down The Latest Developments!

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