The Alex Jones Show Live - November 02, 2026


📉EXPERT INTEL： Data Indicates AI BUBBLE BURST Is Going To Take Other Markets Down With It!

Bowne Report： Democrats Want to Import Poland’s Judicial Coup To The U.S. Supreme Court FULL ALEX JONES SHOW — 11⧸2⧸26

Episode Stats


Length

40 minutes

Words per minute

176.74

Word count

7,082

Sentence count

462

Harmful content

Toxicity

14

sentences flagged

Hate speech

25

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 The AI bubble, I think, is the spark that's going to cause the rest of the markets to kind of fall apart because it is so big, right?
00:00:09.060 When you look at the market capitalization of the Magnificent Seven, which would be, you know, the Googles of the world, the Amazons, the Microsoft, the NVIDIAs, you know, it's massive.
00:00:21.000 And so what does, we have to ask one big fundamental question.
00:00:25.800 What does AI need, right, for it to succeed?
00:00:30.600 Well, when you build the chips and the boards and these fast things, you need copper and
00:00:35.760 you need silver.
00:00:36.700 The AI bubble is so big that when it bursts, it's going to take a lot of other markets
00:00:42.340 down with it, right?
00:00:44.260 So how do I have this gut feeling or more than a gut feeling?
00:00:48.380 I look at the math.
00:00:49.480 I look at the numbers.
00:00:50.700 And copper has been going up a lot because it's needed.
00:00:53.640 You know, it's same as silver.
00:00:54.860 it's needed for AI chips. Well, the traders are now hearing that this AI bubble is going to burst,
00:01:01.780 the demand for copper is going to come down. So what are they doing? They're unwinding their
00:01:06.300 long positions, long meaning they own it, and they're thinking the price was going to go up,
00:01:11.240 forward selling, whatever else. So in part of a good trader, they're going to hedge their
00:01:16.880 positions. So as they unwind their copper logs, they're shorting their silver contracts.
00:01:22.940 Americans have never been this pessimistic about their finances.
00:01:28.500 Think about that.
00:01:29.780 We've gone through COVID.
00:01:31.360 We've gone through the Great Depression.
00:01:33.740 We've gone through the 2009 recession.
00:01:37.180 41% of Americans right now, 41%, that's almost half, expect their financial situation to be worse over the next 12 months.
00:01:47.360 how do you think that they are going to vote when almost half of the american population don't think
00:01:54.520 that their finances are going to be better 12 months from now and you look at the people that
00:01:59.620 are in charge well it's like why would we continue to vote for them what would nuking iran do bad to
00:02:04.660 worse i mean so you'd have food shortages food prices would go through the roof fertilizer would
00:02:10.540 be non-existent oil would probably hit a couple hundred dollars a barrel at least at least and so
00:02:17.380 what would that do the whole world will go into panic mode everybody will turn against us it's
00:02:21.220 the worst idea ever the worst worst idea ever and if we get that kind of inflation the interest
00:02:27.340 rates go high what does that do to the u.s bond market it kills it so why would net yahoo who's
00:02:31.860 done it publicly through his surrogates himself so i don't want to hear this isn't happening
00:02:35.200 and tucker's wrong no they're floating this mark levin's floating it why would they even for israel
00:02:41.120 long term it's a horrible idea why what is up with israel i know you're not anti-israel i've
00:02:46.120 never been but i'm anti them going crazy like what is this i mean i'm anti-crazy leaders i'm
00:02:52.360 not anti-israel but i don't know that to me this has got to go back to a religious ideology
00:03:00.820 B, Netanyahu thinks that Iran is going to nuke Israel or Russia is
00:03:06.920 Or C, Netanyahu stays in power by having a crisis
00:03:09.320 Yeah, it's a problem because one of our greatest allies in the Middle East
00:03:13.380 We're going to have to have a come to Jesus moment with them
00:03:16.760 And say we're either going to support you or we're not, right? 0.65
00:03:19.320 And so if we don't, we don't have any allies in the Middle East
00:03:23.220 And it's full-on war everywhere
00:03:25.460 Back in the Central Texas Command Center
00:03:29.280 deep behind enemy lines, it's Alex Jones.
00:03:33.400 And once again, you are the Paul Revere's.
00:03:37.420 Share the links and spread the word of this historic broadcast.
00:03:41.900 Go to alexjoneslive.com.
00:03:45.260 We've only just begun to fight.
00:03:52.500 All right, Dr. Kirk Elliott,
00:03:54.680 who has literally been vindicated in a royal flush,
00:03:58.460 joins us on the
00:04:00.860 AI bubble, on
00:04:03.060 the crises that are unfolding
00:04:04.980 this doomsday situation
00:04:06.680 all of it
00:04:08.300 we're at the end of the fourth turning, all the governments
00:04:10.880 are scrambling, they're scared
00:04:12.180 I don't think there's any master plan in all this
00:04:14.760 there's a bunch of crises that they don't want to go to waste
00:04:16.760 as the former chief of staff
00:04:18.940 of Obama said, we don't want to let good crises go to waste
00:04:21.060 he joins us, he sent me
00:04:23.040 a lot of incredible
00:04:24.960 information
00:04:25.740 And after he leaves us, I'll go back to your phone calls for those that are holding.
00:04:30.460 And we won't just take military calls now.
00:04:32.260 We'll get to those that are holding.
00:04:33.680 Very respectful of you and appreciate your time.
00:04:35.500 Amazing points.
00:04:36.520 But open phones for everybody.
00:04:39.460 Coming up after that, and our journalist joining us on COG.
00:04:42.560 He's not just a UFO secret technology expert, but he's a real expert on COG.
00:04:47.000 That ties into all this.
00:04:48.020 But I want to get Dr. Kirk Elliott, a renowned economist and former board member,
00:04:52.120 focused on the family, longtime Christian patriot.
00:04:54.760 Thought about his operations for 27 years.
00:04:57.160 Overnight success story, the top silver and gold broker in the country.
00:04:59.720 He's also a sponsor.
00:05:00.900 We don't hide that.
00:05:01.740 We're proud of that.
00:05:02.600 But I have him on as a guest because he's a great economist.
00:05:05.740 If he wasn't a sponsor, he'd be on as a guest.
00:05:08.480 And so he sent me a lot of key stuff.
00:05:10.900 Here's why Diamond bought gold into the dollar debate as the new currency comes up.
00:05:17.340 And I love he was on a few weeks ago, and I saw viral videos.
00:05:20.200 Jones is promoting a new currency.
00:05:22.760 Jones is promoting, we're reporting, I saw one thing you had a million views,
00:05:27.940 like Lisk, Elliott, and him, they want a new global,
00:05:31.520 no, we're fighting these central bank digital currency,
00:05:34.680 but we pointed out the dollar is coming to an end.
00:05:37.540 China and Russia are trying to put gold behind it.
00:05:39.840 We're just calling what's going on.
00:05:41.700 It doesn't mean we're endorsing it.
00:05:43.880 If I go review a self-driving car, it doesn't mean I'm for it.
00:05:47.720 GLD lost $330 million in the week of gold mattered.
00:05:51.700 We've got all these other charts and things.
00:05:54.220 But I've got to ask you first about the AI bubble.
00:05:58.060 Obviously, you said a month ago that China would break first.
00:06:01.780 Two trillion plus loss, trillion last week here.
00:06:04.780 The stock market's flat today.
00:06:07.800 All the earnings coming in with all the AI companies losing money other than Grok.
00:06:12.940 And that's just a fact. 1.00
00:06:14.040 Oh, you're kissing Elon's ass. 1.00
00:06:15.180 No, that's just the number. 1.00
00:06:17.580 That's his little green thumb for money and not overinvesting.
00:06:22.100 All of this, what does this signify?
00:06:24.540 What do you make of Trump saying he wants to go back into Iran?
00:06:27.460 He said that.
00:06:28.780 They may use nukes.
00:06:30.880 And then all of this, this is quite the perfect storm.
00:06:34.440 The Secretary of State is saying we have a perfect storm of all these crises coming together.
00:06:38.760 Kirk Elliott, thank you for being here, my friend.
00:06:40.500 People should go to KEPM.com forward slash gold.
00:06:43.800 and then we get the support from it to get their silver and their gold.
00:06:47.720 Right now, we'll also put the toll-free number, but that's a side issue.
00:06:50.140 We'll pitch gold and silver later.
00:06:51.720 Big picture, as an economist, as a researcher, somebody that's nailed it all,
00:06:55.900 how does all this tie together?
00:06:57.200 Why is it all happening now?
00:06:58.440 What's the doomsday stuff?
00:07:00.340 Is it hype?
00:07:01.180 Is it real?
00:07:01.680 What is it, Kirk Ellinger?
00:07:03.920 Well, it's great to be with you.
00:07:06.680 You know, tomorrow is election day, right?
00:07:08.920 And it's not, in my mind, a coincidence that all the stuff is like falling apart right now, right?
00:07:14.980 Because you had mentioned Obama's advisor, you know, never let a good crisis go to waste, right?
00:07:21.420 So people vote with their wallets, Alex.
00:07:25.860 They absolutely do.
00:07:27.680 And so when you have cryptocurrency just being obliterated, you know, over the weekend because of the hack of Binance,
00:07:37.340 you know 6.9 billion dollars of a hack and it's like so so people who thought that they had
00:07:45.560 confidence in something else it's like well could vaporize overnight right and then you've seen the
00:07:51.960 correction in in gold and silver that's lasted longer than anybody thought because of the iran
00:07:57.380 conflict so that's eroding people's faith and confidence and now you've got the ai bubble right
00:08:03.280 All kind of at the same time.
00:08:05.740 Well, the AI bubble, I think, is the spark that's going to cause the rest of the markets to kind of fall apart because it is so big, right?
00:08:15.480 When you look at the market capitalization of the Magnificent Seven, which would be, you know, the Googles of the world, the Amazons, the Microsoft, the NVIDIAs, you know, it's massive.
00:08:27.420 And so what does, we have to ask one big fundamental question.
00:08:32.220 What does AI need, right, for it to succeed?
00:08:37.020 Well, when you build the chips and the boards and these fast things, you need copper and
00:08:42.180 you need silver, right?
00:08:43.500 So when you look at copper, and this tells me that the AI bubble is about to burst because
00:08:48.920 traders are very smart, right?
00:08:52.320 When they're having forward contracts to buy and sell their stuff to these major suppliers,
00:08:56.820 copper has been gone going up very rapidly over the last six to eight months right so so because 0.94
00:09:06.400 of the ai bubble and it's needed well now you look at what's happening and it's across the board
00:09:12.760 alex you've got cnbc and bloomberg and commentators everywhere saying the ai bubble it's about to
00:09:19.740 burst it's way overvalued um the valuations are way too high i was about to say them they're all
00:09:25.700 losing massive billions of dollars and i don't need to be a rocket scientist to understand that
00:09:31.520 when bill gates and them come out two months ago go oh it's rogue ai it's gonna blow it up it's all
00:09:36.260 failed they're like giving themselves an exit strategy saying some crisis is about to happen
00:09:40.740 that's gonna pop it not them i mean it's clear face saving use a crisis poses savers it's not
00:09:46.440 even i'm not even forecasting it's clear they're about to stage something big i mean they already
00:09:50.860 say that rogue ai off facehugger and sam altman funded it it got loose oh sorry it's got all the
00:09:57.500 european banks we need a new global government to save us run by bill gates i mean it's it's
00:10:01.800 completely obvious yeah it it is obvious and and don't don't get the ai bubble bursting with ai
00:10:10.000 going away right two completely different things the ai bubble bursting has to do with the price
00:10:16.000 of the shares, right? This is the market. This is what people have invested in. AI is going nowhere
00:10:21.300 except in more demand. I totally agree. 100%. All the scamming is about to implode. The technology
00:10:29.400 gets more important after that. Well, yeah. And when you think about it, the economy heads south,
00:10:35.700 right? And what are employers going to want to do? They're going to want to use AI rather than
00:10:41.140 hire people because it's cheaper, because you don't have to pay a computer to do a job, right?
00:10:45.340 So as the economy heads south, the demand for AI is just going to go up.
00:10:49.700 But this bubble, the price bubble, is about to burst, in my opinion.
00:10:54.920 And this is not—
00:10:55.740 We have an equation.
00:10:56.960 I've tried to look at it myself.
00:10:58.540 I've even asked, like, Chad GPT, you can't even tell me, is there any profitability in AI other than Grok hasn't lost money?
00:11:05.140 I mean, we're talking about, like, trillions invested, and then like, oh, we made $2 billion.
00:11:10.460 Well, you made it, but you invested $500 billion?
00:11:13.820 I mean, what's really happening?
00:11:15.780 Yeah, well, Anthropic, I mean, I think they've made billions of dollars in the first quarter of this year.
00:11:22.560 They made billions of dollars in the second quarter of this year.
00:11:25.820 It's because people have to pay for the time that they use it, right?
00:11:31.080 And this just tells us how much people are using it.
00:11:33.860 So there's a couple very profitable companies.
00:11:36.980 Most of them I don't think are profitable yet, right?
00:11:40.400 So, but when you look at what's happened here, it's irrational exuberant, right?
00:11:49.340 It's like this fear of missing out.
00:11:52.060 People don't want to miss out on this big burst, but bubbles bursting is not a mysterious theory.
00:11:57.460 Clearly, the data centers was meant to prop it up.
00:12:01.020 Yes.
00:12:02.120 Yeah.
00:12:02.480 And what's interesting is the data centers, a lot of them didn't start out to be data centers.
00:12:07.600 They were cryptocurrency mining places.
00:12:09.820 but now that that you know the having of bitcoin and everything else and it costs too much to
00:12:14.880 actually mine they're converting those things to data center right and it takes a lot of energy and
00:12:19.820 now you've got environmental regulations and people don't like it i mean it's it's about
00:12:24.360 to burst everything you say makes more questions and i'm interrupting get back to ai and data
00:12:28.500 centers but in all of it but crypto we've always said as some utility we're not against it we're
00:12:33.160 not you know it's going forward but it's imploding and like you said now one crab dies and the other
00:12:40.500 crab takes its shell real quick what do you think is happening with with crypto well i think people
00:12:47.820 are scared you know people invest on emotion and people invest on they think that their assets are
00:12:53.660 going to be safe and that they're going to grow right and so when you when you had the binance
00:12:59.080 hack on on friday a big a big crush down when ai shows that its bubble was about to burst people
00:13:07.280 started getting out of crypto why because they're not they're thinking that it's overvalued that's
00:13:12.800 it they don't think so just give me your estimation how low is crypto going to go and what's its future
00:13:17.060 um i i think that bitcoin probably does get down into the 60 something thousand range um because
00:13:28.580 these cycles have to play themselves out but then after that you're going to see a lot of a lot of
00:13:33.820 like algorithmic traders and everybody else starting to go in and perception of retail
00:13:39.120 investors is going to change you know when i've been talking to a lot of like gold and silver
00:13:45.220 investors lately and it's a different mentality and i might explain it like this so if you're very
00:13:51.880 sold on cryptocurrency you think oh bitcoin is amazing it's going to be the freedom of money
00:13:57.480 down the road and it goes up and up and up and it gets to over a hundred thousand. And what is the
00:14:02.520 mentality of those investors that say, well, I love it, but it's too high. I'm going to wait for
00:14:08.340 the dip to buy it. Right. So then they're going to wait for the dip. Stock investors are no
00:14:12.780 different. Let's say you're investing in Amazon and it goes up and up and up and up. And it's
00:14:17.420 like, man, I love Amazon. They basically control the data of the world. They've got the best
00:14:22.460 e-commerce site on the planet. I like Jeff Bezos, whatever their rationale is, right?
00:14:28.880 So it gets up too high. And what do they say? I don't want to buy it right now. I'm going to
00:14:33.240 wait for the dip. Precious metals purchasers act a little bit differently. And for the life of me,
00:14:39.860 I can't figure out why, right? Because silver went up to 120, comes down on the dip. And what
00:14:46.460 is their mentality? It's like, oh, I've made a huge mistake. I've made a wrong mistake. I shouldn't
00:14:52.240 have done it, but it's no different than the other ones where when you're completely sold
00:14:57.660 into the fundamentals and the rationale as to why something is going to go up, you should
00:15:02.920 look at dips as a buying opportunity.
00:15:06.240 I don't care what market you're looking at, Alex, but the AI bubble is so big that when
00:15:12.960 it bursts, it's going to take a lot of other markets down with it, right?
00:15:17.940 So how do I have this gut feeling or more than a gut feeling?
00:15:21.940 I look at the math. I look at the numbers. And copper has been going up a lot because it's needed.
00:15:27.540 You know, it's same as silver. It's needed for AI chips. Well, the traders are now hearing that
00:15:33.880 this AI bubble is going to burst. The demand for copper is going to come down. So what are they
00:15:38.180 doing? They're unwinding their long positions, long meaning they own it, and they're thinking
00:15:43.460 the price was going to go up, forward selling, whatever else. So in part of a good trader,
00:15:49.200 they're going to hedge their positions. So as they unwind their copper longs, they're shorting
00:15:55.120 their silver contracts. Because like you and I have talked about for a year, copper and silver
00:16:02.200 are connected at the hip. They come out of the same veins of the earth, right? There's only a
00:16:06.860 couple purely silver mines in North America. Most of them are just byproducts of copper mining.
00:16:12.380 So therefore, you short silver while you're unwinding the long positions. This is why
00:16:17.120 the price of silver has come down. And it's not because the fundamentals of the market have
00:16:23.460 changed. AI is going to grow. AI, we know that it's going to grow because it's a digital world
00:16:29.940 that we're living in. It's Big Brother. It's everything else. It's all the electronics that
00:16:34.140 are going to be needed. But yet people thought, well, copper, silver, AI, it's overvalued. You
00:16:40.960 start to unwind some of that overbought status. And now we have a point where it's a buying
00:16:45.700 opportunity it hasn't happened with ai yet but it's going to happen and when that happens
00:16:50.760 the perception of of investors who invest based on safety are going to say i'm out i've got to
00:16:58.880 flee for safety uh maybe they're going to go into bonds which is an absolute mistake of a lifetime
00:17:04.920 let's talk about that because the yields are so high meaning people don't know the government has
00:17:10.020 to pay way more people to buy it because they don't trust it they're even getting rid of the
00:17:12.940 long-term bonds. But this is a no-brainer with the AI bubble. It's got to burst. Do you believe
00:17:21.920 it's now burst? And then what will that process be like, or is it not burst yet?
00:17:27.340 It hasn't burst yet. But the Magnificent Seven, when you look at those big AI-type stocks,
00:17:34.780 they're down 60% from their peak, all of them. That happened on Friday. So when you see that,
00:17:41.840 all of them down 60 percent that's not the end of the correction i think that's the beginning and
00:17:47.140 they're all in concert with each other no i agree so how far do you think the correction goes and
00:17:52.140 what is the time frame with dr kirk elliott i'm no rocket scientist but i know this stay right
00:17:57.280 there talk about it basic commodities real things land skills food water guns gold silver we'll be
00:18:06.280 Right back with Dr. Kirk Kelly.
00:18:07.280 He's got massive news right ahead of us.
00:18:09.920 Alex Jones is off the air.
00:18:11.560 There's a lot of noise right now.
00:18:13.080 Taking me off the air.
00:18:14.340 It is beyond essential that you continue to spread the word about the broadcast and continue to support us.
00:18:19.160 That's usually when it matters most to have people in your corner who don't flinch.
00:18:23.080 We've been a partner of this program and of Alex's for a long time.
00:18:26.960 I'm handing out ice water in the Sahara.
00:18:28.800 I mean, it is such a top rated, the biggest company because they're the best and he's a patriot.
00:18:35.440 we're not going anywhere and that commitment runs to you here's the part that matters with us it's
00:18:40.080 eight percent when you buy and zero percent when you sell and here's something else after you make
00:18:45.440 your first purchase and become a client if you're holding metals you bought somewhere else bring
00:18:50.400 them to us we'll help you liquidate them no commission that means even if you didn't originally
00:18:56.400 buy them from us we'll still take care of you that's not a promotion it's not something that's
00:19:01.600 for a limited time only, that's just the way we do business, give us a call and we'll bend over
00:19:07.080 backwards to help. Visit kepm.com forward slash gold to get started or give us a call at 720-605-3900
00:19:19.440 and let us help you make room for what matters most. Spot price, price of the metal in the ground.
00:19:26.620 Miners haven't even touched it yet. Then they pull the metal out of the ground, they dig their
00:19:31.060 tunnels. They drive it to the refinery. They melt it down, make it into a coin or a bar. That's
00:19:34.780 wholesale. That's usually three to 5% over spot. We charge 8% on top of wholesale. When you liquidate,
00:19:40.820 we charge zero. Buy gold and silver bullion at wholesale. You can look every day with the
00:19:46.900 prices type and what's wholesale gold and silver. And then you get it from them with a little
00:19:50.900 processing fee. And then they buy it back for nothing with no cost. That's unprecedented.
00:19:55.440 It's so easy.
00:19:57.360 KPM.com forward slash gold.
00:19:59.760 Get a free telephone, consultation, email.
00:20:02.240 You can call 720-605-3900, 720-605-3900.
00:20:24.900 Chaos is hanging around
00:20:33.580 Put your ear to the ground 0.99
00:20:37.400 And shut up from the sound 0.99
00:20:39.880 The death machine ain't slowing down 0.99
00:20:43.840 It's gaining pound for pound
00:20:47.080 A gas mask
00:20:50.520 A gas mask is the couture in the summer of rain
00:20:54.660 I've been digging mass graves.
00:20:57.440 Yeah, the Pentagon's training
00:20:58.580 is a various mass grave.
00:21:01.320 Didn't see that? Don't believe me.
00:21:02.380 Just type it into a search engine.
00:21:04.700 Kirk, I want to get back into the economy
00:21:06.000 and big picture here with you
00:21:07.260 and what's happening next,
00:21:08.420 but what do you make of all the doomsday talk
00:21:11.460 and Trump saying he's going to attack Iran
00:21:14.040 is that that's going to make him give up
00:21:15.920 and the Russia situation,
00:21:17.520 just as a citizen, as an American, as a father,
00:21:20.200 what do you make of all this? 0.97
00:21:21.500 i i never liked the talk of nukes i mean it's it's because you're a racist so you're racist
00:21:29.900 against nuclear weapons i guess i am um i mean literally it's no you're discriminating against
00:21:37.420 thermal nuclear war why don't you like accept it a little bit like sean penn said a few years ago
00:21:41.700 says why don't we just have a nuclear war with russia why are we you see the videos why are we
00:21:45.040 against that why are we not doing it have you seen that i mean for so many people die it's it's not
00:21:54.840 good the come on be a little bit more open-minded i know i'll try it's hard i was born this way out
00:22:03.560 you're a little extreme right now yeah a little little extreme yeah um you know it's it's not
00:22:09.560 it's not good but there's a lot of a lot of politicians a lot of bankers that make a lot
00:22:15.520 of money with war um and it's not a good thing when you've got kids and you've got grandkids and
00:22:22.880 and we care you think you think that inflation is bad now if there's any kind of thing like that
00:22:33.560 with the economy it's like oh my word the food shortages would be massive you know wipe out all
00:22:39.100 kinds of production. Oil is going to go
00:22:41.100 through the ceiling. It's like, are they trying
00:22:43.220 to fight inflation? Are they trying
00:22:45.020 to make lives better?
00:22:47.420 There's got to be a better way than the 0.83
00:22:49.100 nuclear option in Iran
00:22:51.080 to get this to go away.
00:22:53.540 There's got to be a better way.
00:22:56.740 Well,
00:22:57.180 I totally agree with you.
00:22:58.720 So, I mean, you said
00:23:01.060 like three years ago on the show, you said
00:23:02.860 if he gets reelected, the only thing that will get him in trouble is
00:23:04.660 Iran war. And once it started,
00:23:06.820 you warned of it. I mean, where do you see this going?
00:23:09.100 I mean, baked in with the fertilizer and the inflation.
00:23:14.040 Notice he doesn't say the straits open now.
00:23:16.180 He's like, well, we're going to get it open.
00:23:17.480 I mean, if this keeps going on, what does it do?
00:23:21.680 Well, I think the more, okay, so I don't think this is going to end any time real soon.
00:23:26.920 Number one, you're dealing with religious ideology.
00:23:30.660 Boots on the ground generally don't change that. 0.72
00:23:33.820 Look at Afghanistan.
00:23:34.920 That lasted for over a decade.
00:23:36.880 Look at the war between the Arabs and the Jews.
00:23:41.240 It goes back to Isaac and Ishmael in the Old Testament. 0.57
00:23:45.120 Still there, right?
00:23:46.460 It's like these kind of either war or diplomatic efforts don't really change religious ideology ever.
00:23:53.920 And that's what we're dealing with right here, right?
00:23:56.620 Now I get it.
00:23:57.180 We're trying to control the oil. 0.65
00:23:59.220 We're trying to keep it out of the hands of a rogue terrorist nation, right?
00:24:02.860 But I don't see this.
00:24:04.380 no matter what the outcome, this isn't going to end anytime real soon, right? Which means
00:24:09.820 inflation is going to go up more and more, which is problematic for any policymaker,
00:24:18.100 especially policymakers that are trying to get elected in America, who consumers and voters
00:24:25.940 are voting with their wallets, right? So you look at what's going to happen tomorrow, right? And
00:24:31.700 people vote with their wallets. Well, for the first time ever, so researchers, Americans have
00:24:41.180 never been this pessimistic about their finances. Think about that. We've gone through COVID. We've
00:24:48.860 gone through the Great Depression. We've gone through the 2009 recession. 41% of Americans
00:24:56.560 right now, 41%, that's almost half, expect their financial situation to be worse over the next 12
00:25:04.240 months. How do you think that they are going to vote when almost half of the American population
00:25:11.140 don't think that their finances are going to be better 12 months from now? And you look at the
00:25:16.400 people that are in charge. Well, it's like, why would we continue to vote for them? This is why
00:25:21.600 I think, you know, people might throw rotten tomatoes at me. But but, you know, you you never
00:25:27.000 know what to believe with the polls because they're always biased. Right. But but the predictive
00:25:32.060 markets, if for some reason, Vegas gets it right most of the time. Right. So the predictive markets
00:25:39.660 predict, you know, 90 percent chance that the Democrats take over the House, 63 percent chance
00:25:46.460 the Democrats take over the Senate. Why is that? Because people are voting with their wallets.
00:25:51.600 41% of Americans think their finances are going to be worse a year from now.
00:25:56.940 So with that being said, you've also got Kevin Warsh at the Fed, who didn't raise interest rates last week.
00:26:06.260 Why? Probably because it's an election this week.
00:26:09.800 He's not going to upset the apple cart now.
00:26:12.340 But now there's a 75% chance that they raise rates in December.
00:26:17.860 Why? Why would you have to raise rates if you think that the Iran conflict is going to be over
00:26:24.280 And the inflationary pressures have subsided
00:26:26.440 Nobody thinks the Iran conflict is going to be over by December
00:26:29.680 They're going to have to continue to raise rates to slow down that inflation
00:26:33.520 So then, Kevin Warsh, when he basically said
00:26:39.820 We're not going to raise rates right now
00:26:42.600 right now what did he he invoked something really bizarre which was a research paper
00:26:50.820 by fed chairman burns who was the chairman of the fed back in the night i'm gonna say you sent me a
00:26:57.200 bunch of documents we should probably go over these before you leave us i mean you always send
00:27:01.400 me a lot of stuff but this all looks crazy yeah i mean so so for for kevin warsh to bring up this
00:27:08.300 research paper by Burns, who was the chairman of the Fed, during the time when we had massive
00:27:16.120 inflation, huge recession, there was an oil crisis. Remember? I mean, all of your viewers
00:27:22.060 probably remember. It's like, yeah, there was rationing at the pumps. We could only get five
00:27:26.220 gallons at a time. I mean, so what did they do? They had to jack up interest rates to 18%
00:27:32.360 to slow down inflation. Why would Warsh bring up that, right? It's to give him ammunition to say,
00:27:41.160 look, they screwed up in the 1970s, not in the sense that you're thinking I'm going to say.
00:27:48.000 Basically, they screwed up because they said, we had a chance back then. This was the whole
00:27:53.200 basis of Burns' research paper. They said, we had a chance to defy Congress and to raise interest
00:28:00.640 rates to kill inflation, but they didn't raise them high enough, and they didn't do it long enough.
00:28:05.380 So 18% wasn't high enough?
00:28:07.720 No, nor did they do it for long enough, right?
00:28:10.260 It only lasted for like a year or so, right?
00:28:13.340 And then Reagan came in and started to pull him down, but they didn't actually—
00:28:17.540 Sure, so what are they saying there?
00:28:20.340 Well, they're saying—what Warsh is saying by bringing this up, you have to read between
00:28:24.880 the lines.
00:28:25.760 He's saying, look, I'm going to have to raise rates, and it's probably not going to be pleasant,
00:28:29.920 And it's going to be longer for than what people want, because he brought this paper up saying they did it wrong back then.
00:28:37.080 I'm not going to do it wrong on my watch.
00:28:39.600 Wow. So that's very bullish on high interest rates.
00:28:42.760 So let's look at this. You sent me this, which is big news.
00:28:47.040 Carney, the big globalist, who's even Canadian, gets in.
00:28:51.360 And then now he tried to join the EU. The EU rejected that.
00:28:54.900 But now, Canada war game, U.S. invasion
00:28:58.300 A former NORAD commander explains why
00:29:01.460 And then we've got all the documents here
00:29:03.320 Where they're preparing for Trump to invade Canada
00:29:05.060 I don't actually believe that
00:29:06.100 But what the hell is this hype?
00:29:08.420 What is going on here?
00:29:10.380 Well, that has to do with natural resources, right?
00:29:12.980 It's like, what comes from Canada?
00:29:15.000 Oil, gold, timber
00:29:17.420 We've got a lot of cars that are being built up there
00:29:20.260 And, you know, even though Canada's our friendly northern neighbor, right, they're basically more communist than Russia is, they're not our kissing cousins anymore like they used to be, right?
00:29:35.520 There's massive trade imbalances, and there's political infighting, and this is all just a sign that things that we get, oil, gold, cars, timber, they're all going to go up in price, and Trump is threatening more tariffs on them, right?
00:29:54.520 And so you look at that, of course, Kevin Warsh is going to have to raise interest rates to slow down this inflation train coming from all over the world, whether it's because of tariffs, whether it's because the world is de-dollarizing and getting out of dollars.
00:30:09.220 And so how does Scott Besant fix that?
00:30:13.300 Well, he's going to have to increase treasury operations and buy billions of dollars per operation.
00:30:18.420 Yeah, more monetization.
00:30:19.380 So in closing, if Trump nukes Iran, which they're floating,
00:30:23.920 which I can't imagine they would do, it's so insane,
00:30:25.820 but things are so insane we can't say it's on the table.
00:30:29.600 A huge radiation cloud, the whole world turns against us. 0.53
00:30:32.660 Pakistan might nuke Israel. 0.99
00:30:33.940 They said they would. 1.00
00:30:35.180 That is the most cuckoo thing I've ever heard of. 1.00
00:30:37.320 Do you think that's a good idea to nuke Iran? 1.00
00:30:39.800 No. 0.97
00:30:40.300 If people are concerned about prices right now, let alone the loss of life. 1.00
00:30:44.680 Yeah, as an economist, what would nuking Iran do, bad to worse? 1.00
00:30:49.500 I mean, so you'd have food shortages. 1.00
00:30:51.540 Food prices would go through the roof.
00:30:53.400 Fertilizer would be nonexistent.
00:30:55.260 Oil would probably hit a couple hundred dollars a barrel at least.
00:30:58.920 At least.
00:31:00.600 And so what would that do?
00:31:01.980 The whole world will go into panic mode.
00:31:03.580 Everybody will turn against us.
00:31:04.660 It's the worst idea ever.
00:31:07.120 Worst idea ever.
00:31:08.540 And if we get that kind of inflation, the interest rates go high.
00:31:11.560 What does that do to the U.S. bond market?
00:31:13.180 It kills it.
00:31:13.820 So why would Netanyahu, who's done it publicly through his surrogates himself,
00:31:17.560 so I don't want to hear this isn't happening and Tucker's wrong.
00:31:19.400 No, they're floating this.
00:31:21.020 Mark Levin's floating it.
00:31:22.200 Why would they, even for Israel, long term, it's a horrible idea.
00:31:26.780 What is up with Israel?
00:31:28.400 I know you're not anti-Israel. 0.98
00:31:29.580 I've never been, but I'm anti them going crazy. 0.99
00:31:31.820 Like, what is this?
00:31:33.780 I mean, I'm anti-crazy leaders.
00:31:35.820 I'm not anti-Israel, but I don't know.
00:31:38.620 To me, this has got to go back to, A, religious ideology, B, Netanyahu thinks that Iran is going to nuke Israel, or Russia is, or China is.
00:31:50.800 Or C, Netanyahu stays in power by having a crisis.
00:31:54.600 Yeah.
00:31:55.400 I mean, who wants to get rid of the president? 1.00
00:31:56.980 Kissing Israel's ass doesn't get me anywhere. 1.00
00:31:59.520 They're super unpopular now. 1.00
00:32:00.820 I literally don't want to blow up Israel. 0.76
00:32:03.260 Plus, they have nukes.
00:32:03.980 They're not going anywhere.
00:32:04.480 I'm literally like not running around with a heart on 0.80
00:32:07.380 In secret swastika outfits at night 1.00
00:32:09.100 But I have to look at Israel with all they're doing 1.00
00:32:11.220 And I'm like you are a big problem 1.00
00:32:12.880 I mean what is your problem
00:32:14.460 I feel like Sergeant Hartman when he goes in
00:32:17.400 And Private Powell's got the gun in the bathroom 0.99
00:32:19.100 He's like what is your fucking malfunction 1.00
00:32:20.820 What is your problem 1.00
00:32:22.520 Did Mama not give you enough attention 0.98
00:32:25.000 I mean what the hell is your problem
00:32:26.760 Yeah it's a problem
00:32:28.900 Because one of our greatest allies
00:32:30.740 In the Middle East
00:32:31.680 we're going to have to have a come to jesus moment with them and say we're either going to
00:32:36.040 support you or we're not right and so if we don't we don't have any allies in the middle east and
00:32:41.700 it's full-on war everywhere it's like so this is this is definitely a pickle and and the united
00:32:48.960 states is losing its luster everywhere the dollar is losing credibility the only thing lower than
00:32:56.420 us is israel and approval rating so in closing we love you you got to come back soon come back
00:33:00.280 letter this week during the election. It's going to go on
00:33:02.280 for days. People need to go
00:33:04.260 because you are a sponsor. We should do a little bit of that.
00:33:06.820 The highest quality,
00:33:08.880 lowest prices,
00:33:10.220 certified, ready to ship
00:33:12.320 to you privately or whatever vault you want.
00:33:14.980 Silver, gold,
00:33:16.100 it's all cut and dry. Wholesale.
00:33:19.020 Boom. KPM.com
00:33:20.400 forward slash gold. 720-605-3800.
00:33:23.860 It's a no-brander.
00:33:24.460 You can roll over financial instruments.
00:33:27.240 Is it gold and silver the last
00:33:28.380 three years, heads above the number one
00:33:30.320 investment, clearly?
00:33:32.160 Yes. And it's
00:33:34.300 safe because there's very little counterparty
00:33:36.400 risk to it when you're owning something tangible.
00:33:38.200 It doesn't matter. But let's say that again.
00:33:40.340 Because I got out of gold and silver 14 years
00:33:42.180 and said, get out of it. I got into it three years ago, and we've
00:33:44.260 been proving right. I only share people in the right direction.
00:33:47.080 And obviously, they've been suppressing
00:33:48.200 it. But regardless, you're
00:33:50.380 holding on to your value, meaning inflation. I don't
00:33:52.300 see how they suppress it. All the big banks say it's going
00:33:54.300 to go up double or whatever. The point is
00:33:56.340 people need to get into gold and silver right now. They should use this
00:33:58.240 of buying opportunity. Buying opportunity. And those of you who are already in it, hold steady,
00:34:05.300 hold the course. Don't lose faith. Don't lose confidence. All the fundamentals are in place.
00:34:10.140 And if you have any capital on the side, there is an AI bubble that's going to burst,
00:34:15.900 right? I would reallocate into safety as quick as you can. These prices
00:34:19.220 are a gift of the next few years. I mean, I'm neurotic about being right,
00:34:24.540 And I don't see a safer bet than silver right now.
00:34:28.840 Yeah, I don't either.
00:34:30.700 I mean, technically, and we can do this on a later show, right?
00:34:34.080 But technically, fundamentally, the charts are in favor of it.
00:34:37.940 Double bottom on the charts, the demand is sky high with AI.
00:34:42.160 I mean, goodness, I can't think of a better time to actually allocate into silver than right now.
00:34:47.120 But the biggest thing is, explain the financial instruments, how easy it is.
00:34:51.200 You guys are the big guys.
00:34:52.120 You do it professionally.
00:34:52.740 you just roll that stuff right over tell people about that i mean it's easier than what you would
00:34:59.040 think um if you have a 401k and you're over 59 and a half if you have an ira um if you have just
00:35:05.960 a brokerage account my team will fill out the paperwork with you all you have to do is e-sign
00:35:12.420 document sign it we handle the transfer when the funds get here it's your money not ours we call
00:35:19.600 you and confirm your allocation, and then you either take delivery of it at home, or if it's
00:35:24.820 an IRA, it needs to be stored at an approved facility, which we use a vault in Texas.
00:35:30.960 It's so easy. I mean, it's just as easy as going from Schwab to Fidelity, right? Where you just,
00:35:37.440 I'm just doing an IRA rollover. No different. The only difference is we're allocating into
00:35:41.880 tangible assets that have very little counterparty risk because they're tangible. They're real. You
00:35:47.740 can't print more of it it's not digital can't be stolen like crypto just was and in the future
00:35:53.060 in your hand baby is going to be the number one thing in the universe kpm.com forward slash gold
00:35:59.020 720-605-300 thank you kirk elliott talk to you soon talk to you soon bye-bye inflation is up
00:36:05.980 that's an issue so how does berkshire how does berkshire handle that with its businesses well
00:36:09.860 we can't handle runaway inflation except not to be there but there are dozens and dozens of
00:36:15.620 countries that have experienced it. And of course, you have countries that have gone bankrupt like
00:36:21.920 six or seven times. I mean, not having faith in the money does to a country. It turns it into
00:36:30.820 something else. And I, you know, I always hope that, you know, the U.S. never does it, but we
00:36:37.500 are not immune from it happening. Dollar collapse means we keep continuing on where we are. Dollar
00:36:44.060 devalues. We've got massive inflation. You raise interest rates to slow that inflation down. So
00:36:49.400 the implications of that are bond market is toast because the value of bonds, the price of bonds
00:36:56.620 comes down as interest rates rise. The inverse is also true. When interest rates come down,
00:37:01.140 the value bonds goes up. So as you raise interest rates, the value of bonds comes down. Who's
00:37:06.000 allocated into bonds? The bond market is way larger than the equity market, the stock market.
00:37:11.200 So you've got pension funds that are allocated into bonds, right? Anybody that's on a fixed income, banks are allocated into bonds. Consider this an insurance company. Most insurance companies across the country are allocated about 90% into the bond market with their internal portfolios.
00:37:29.120 What is what does an insurance company do? It pays beneficiaries when people die. Right.
00:37:35.300 So if the asset that they have to sell to pay those beneficiaries is coming down in price, this is going to have a cataclysmic cataclysmic effect on the insurance industry, on pension funds, on everything.
00:37:47.800 And let's be clear, though, a dollar being the world currency is how we could just print it and buy whatever we wanted.
00:37:54.600 If the world sees it like the Mexican peso or worse, we're screwed.
00:37:59.120 Yeah, because that was our get out of jail free card, right?
00:38:02.820 We could print as much money as we want, and everybody around the world still needed the U.S. dollar.
00:38:09.000 If you don't have reserve currency status like every other country, other than the one that has reserve currency status, when you print excessively, people no longer want your currency.
00:38:19.700 Don't let the news scare you, but rather use the wisdom, the creativity that God gave you.
00:38:25.020 Go into tangible assets that have zero counterparty risk.
00:38:27.660 silver was up over 140 last year since january 30th when it corrected and it had a 50 correction
00:38:35.920 went down into the 60s it's almost 90 literally since february silver's up over 30 alex so you
00:38:43.460 can roll over your iras you have an old 401k roll that over your brokerage accounts take delivery
00:38:49.280 of it at home or stored at a depository if you don't want to take delivery at home we'll walk
00:38:54.700 you through that answer your questions make sure that you feel comfortable with everything because
00:38:59.860 it's ultimately your decision we're just here to help guide and go on this journey with you
00:39:04.720 thousand ounce bars of silver 100 ounce bars 10 ounce bars or one ounce generic refinery rounds
00:39:08.940 then you can roll over the financial instruments too one ounce gold bars aquila bars iras um if it
00:39:14.440 has ira in the name simple sep roth traditional inherited we can do that or you can do just a
00:39:21.180 brokerage account that you just wire as funds, and it's a non-IRA account.
00:39:25.420 Is it wholesale? And are they buying it back with no cost? No fee.
00:39:29.640 This is the place to go, and we'll get into gold and silver as well.
00:39:33.860 Dr. Kirk Kelly at KEPM.com forward slash gold. That way they know it comes from us.
00:39:37.780 So it supports broadcast KEPM.com forward slash gold or 720-605-3900, 720-605-3900.
00:39:46.100 Call and get a free consultation or sign up for email. They'll call you back.
00:39:49.520 They can also roll over a lot of financial instruments.
00:39:51.900 This is the place to go, KEPM.com forward slash gold.
00:39:55.260 So gold and silver is the way to go.
00:39:56.520 The best investment for the last two plus years.
00:39:58.000 And you just check the wholesale price every day.
00:39:59.460 That's what you get it for.
00:40:00.380 You sell it back for no cost.
00:40:02.280 Nobody else of any size does that that's real.