00:09:06.700so now we have a lake and now we have a gulf because we have the gulf of america and now we
00:09:15.980have lake america without the of thank you very much everybody enjoy lake america pay insufficient
00:09:24.940attention to the frightening scenario of a comprehensive cyber attack which would bring
00:09:32.140To a complete halt to the power supply, transportation, hospital services, our society as a whole.
00:09:42.680The COVID-19 crisis would be seen in this respect as a small disturbance in comparison to a major cyber attack.
00:09:54.600so trump has declared a national emergency and that triggers all the other executive orders
00:10:01.360they just spin congress you name it i'm not saying it's going to happen but that's pdd 51
00:10:05.120i'll show you that in a minute but move trump out of this because
00:10:08.780both the left tries to make it about him the neocon fake right it's bigger than trump we're in the end
00:10:16.460of the fourth turning a whole new systems here a whole new economic program and
00:10:23.860people need to be aware of that and understand the bigger issues. So Dr. Kirk Elliott
00:10:29.120is not just a great economist and not just the owner of the biggest silver and gold brokerage
00:10:35.640firm in North America that sells gold and silver at wholesale and is a sponsor, I should add,
00:10:40.320and we hope you get it from him. It's a smart move. He's also a father and a patriot. I want
00:10:47.200to just get his overall take on where we are, this national emergency declaration. Then we'll
00:10:52.200go into the huge amount of incredible articles you sent us with Scott Bessent's move last week
00:10:58.340to try to sure up the market, sure up the bonds, didn't work. What comes next? Talk about increasing
00:11:04.200interest rates and then what that makes in. I agree with what you said months ago. It looks
00:11:09.360like the Trump recovery was working. Now it probably won't. What should we expect? What's
00:11:13.720from bad to worse? Dr. Kirk Elliott of KEPM.com forward slash gold. Thank you so much for being
00:11:20.200Oh, it's so great to be with you, Alex. And you know, this executive order, everything that we've seen since we were together last week, right? There's been so much. We've had this executive order. We had Operation Economic Outcast. You had Besant meddling with the 30-year bonds, trying to get the yield to come down and the price to go up.
00:11:46.900And then you've got what he did with this operation of doubling the amount of economic intervention, you know, from two billion a day to four billion dollar a day operations.
00:11:58.520That's very inflationary. Now we've got this battle.
00:12:02.300We've got this battle happening starting on Friday tomorrow, which is, you know, in Jackson Hole.
00:12:10.060Kevin Warsh is going to be speaking. What does he want to do?
00:12:13.460He wants to raise interest rates because of inflation.
00:12:17.660He wants to lower interest rates and keep the bond market from collapsing.
00:12:21.820There is a battle here with supposedly people on the same team, right?
00:12:27.920And so when you do things like Operation Outcast, which to me is like the ultimate of things that you could do to get retaliation from other countries.
00:12:41.380I mean, it just truly is. Now, what was what is the goal behind that?
00:12:48.640Well, Scott, there's a video that we were talking about where he described Operation Economic Outcast.
00:12:56.980We should probably watch it. It's like 47 seconds and then talk about it.
00:13:00.900But what it does, I get it. I get what they're trying to do.
00:13:05.680Right. Move it from a physical war with Iran to an economic war, completely starve them out.
00:13:10.920Well, the problem is that was the old policy that was working.
00:27:17.680Thank you all for your support and God bless you all.
00:27:19.520everything i've talked about for 32 years on air is now converging this is the great time of change
00:27:28.940this is the fourth turning i'm sitting here mad at myself during the break like that i can't be
00:27:33.500extreme enough to get people's attention i know there's a normalcy bias all the craziness you've
00:27:37.540seen you ain't seen nothing yet we've got an economist on who has ridiculously accurate
00:27:42.380calling all of this but this kirk will tell you it's pretty easy even ila person have been
00:27:47.560predicting it because without talking to Kurt last Monday, I'm like, this is a desperate move.
00:27:51.820It might boost it for a day or two, but it's going to implode. Didn't even do that.
00:27:55.840So they're out of options here, ladies and gentlemen. People said, well, great,
00:27:59.520they're the globalists, bring them down. We live here. So I have this weird paradox where I hate
00:28:03.340the establishment, but at the same time, I know it's the boat I'm floating and I want to blow it
00:28:07.000up. I want to reprove it and repair it and put a new captain in charge of it. So here's the
00:28:11.400Treasury Secretary talking about this new D-Day against Iran. That was the old policy. Iran is
00:28:15.160ignoring that with full war is closure straight or her moose, which is still closed despite the
00:28:19.140lies. And then you've got him, you know, you know, separately. I mean, he said a few days ago, he
00:28:24.360said, oh, we're going to grow our way out of this. Well, all the actuaries show you've got to cut
00:28:29.000and grow and innovate out. You got to have like 5% growth rate with what's going on. We're gonna
00:28:34.560have like 2% growth rate if we're lucky. But I'm not going to sit here and lie to you and tell you
00:28:40.600this isn't bad news. Here's the clips that Dr. Elliott was talking about. Iran now faces a very
00:28:47.060clear choice with only two paths before them. Complete global isolation and a subsistence
00:28:54.100economy or a path back to normalcy with an opportunity to rejoin the global economy.
00:29:01.140Today we are launching Operation Economic Outcast to foreclose every other option
00:29:07.600available to the Iranian regime. Treasury has mapped every node, every facilitator,
00:29:15.140and every network that Iran has used to smuggle oil and evade sanctions. Beginning today,
00:29:22.340the actions of Treasury and other agencies will tighten the noose and block every potential
00:29:28.260source of revenue that funds the IRGC and the evil Iranian regime. We are enforcing a zero-leakage
00:29:36.460approach. There will be no minimal breathing space for the regime to rebuild its capacity
00:29:41.740to inflict terror against America and the world. Let's see. You in the front.
00:29:50.940You described this as an economic D-Day, but D-Day wasn't a threat of an invasion,
00:29:56.160and the U.S. didn't give a timeline to Germany. So why not impose the sanctions today?
00:30:01.260Well, we are giving everyone the opportunity to remedy bad behavior.
00:30:09.300Why would I want to blow up the global financial system?
00:30:12.960We believe that it is important to level set and give people a cure period, but they should
00:30:18.560know that that will move very quickly and that we are serious.
00:30:24.160Secondary sanctions are a very powerful tool, and we here at Treasury, this is Gene Lang,
00:30:30.360acting undersecretary for terrorism finance and in the terrorism finance
00:30:35.460department and at OFAC the reason we are able to use secondary sanctions is
00:30:40.320because we do not take their use lightly so we believe that a warning shot and a
00:30:46.620level set of expectations is appropriate and if people do not want to meet our
00:30:52.200expectations then we expect and they should expect that they should will
00:30:57.140leave the dollar system okay thank you all unspeakable so they're acting like it's a
00:31:02.480micro issue when it's a macro issue okay we can obliterate canada except the aftermath will cause
00:31:08.220us a few percentage points drop we can obliterate iran it'll cause a 5 10 point drop you start okay
00:31:15.440we can go to war with russia and attrition but then at bankrupt you add all this together when
00:31:21.080we're on the verge of collapse that's why black rock's so happy this kills the trump recovery
00:31:25.380that kirk elliott two and a half years ago when he first started joining us war could be the only
00:31:28.800thing that got re-elected would derail it would be this war that indeed has happened and what an
00:31:33.300incredible admission by this head of the treasury as you said we i saw the clip last week we're
00:31:38.520trying to pull it up where trump said well i don't want to do this i want to blow up the world
00:31:41.580economy he's admitting this will blow up the world economy but we're willing to do it so they quote
00:31:48.320don't get a nuclear weapon no you're willing to do it because the israel lobby wants this and
00:31:52.280That's just a fact. That's where it's at. And it's not like Dr. Elliott, who was the former, you know, board member of Focus on the Family, pro-Israel, anti-Israel.
00:31:58.700I'm not either, but I am anti the crazies running it. Netanyahu is going to go to prison if he doesn't expand the war.
00:32:04.580This is insanity. Dr. Elliott, just unprecedented where we're at.
00:32:08.360They've been admitting we're about to blow up the world economy. It's already blown up.
00:32:11.940And and then the Iranians are like, we're not backing down because they hold the cards.
00:32:15.940This is a unmitigated disaster. Break down what happens next.
00:32:18.520well absolutely unmitigated so number one either people comply and you're giving them this grace
00:32:26.280period um which they're but they're not going to i mean here's the thing they're all dug in0.86
00:32:32.120they're all saying f you the chinese the iranians our so-called ally the indians they screw you
00:32:36.980we're keep buying and selling goods yeah they're all said f you yeah especially china right when
00:32:43.720When China needs oil for manufacturing and Iran is their, you know, China is Iran's number one trading partner for oil.
00:33:08.120I mean, so I think the ramifications are huge because I think this because economic warfare isn't enough to break a company, a country, not when you've got people that have been fighting with each other for thousands of years.
00:33:24.660You're the economist. You've explained this for years, but explain it again.
00:33:27.880It's the world reserve currency that's the dollar, more than our military, more than our propaganda.