The Charlie Kirk Show - Surviving Skyrocketing Inflation w- Collin Plume

00:00:00.000 Hey everybody, today the Charlie Kirk show.

00:00:01.000 Colin Plume from NobleGoldInvestments.com.

00:00:04.000 We talk about inflation, cryptocurrency, and what you can do to hedge against inflation.

00:00:09.000 Email me your thoughts directly, freedom at charliekirk.com.

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00:00:46.000 Buckle up, everybody.

00:00:47.000 Here we go.

00:00:48.000 Charlie, what you've done is incredible here.

00:00:50.000 Maybe Charlie Kirk is on the college campus.

00:00:52.000 I want you to know we are lucky to have Charlie Kirk.

00:00:56.000 Charlie Kirk's running the White House, folks.

00:00:59.000 I want to thank Charlie.

00:01:00.000 He's an incredible guy.

00:01:01.000 His spirit, his love of this country.

00:01:03.000 He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.

00:01:09.000 We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.

00:01:18.000 That's why we are here.

00:01:21.000 Brought to you by the Loan Experts I Trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandTodd.com.

00:01:30.000 With us is someone to help us unpack everything happening with inflation right now from Noble Gold, one of our partners.

00:01:36.000 We do a lot of things together, Colin Plume.

00:01:38.000 Colin, welcome to Charlie Kirk Show.

00:01:39.000 Charlie, thanks for having me.

00:01:40.000 Excited to be out here.

00:01:41.000 So let's just kind of talk in general about what's happening in the world.

00:01:45.000 There's been a massive increase in dollar bills, a tremendous increase in the money supply.

00:01:51.000 Let's just talk a little about just economics in general.

00:01:53.000 What does that usually mean?

00:01:55.000 Well, inflation is a hot topic right now across the board.

00:01:58.000 And interestingly enough, today it was a number that made a lot of sense with gold and the dollar.

00:02:04.000 Last month, they said inflation was above 7%.

00:02:07.000 Gold is just above 7% in terms of growth this year.

00:02:11.000 So I think there's definitely a direct correlation between all the inflation that we're seeing.

00:02:17.000 It's not going away anytime soon.

00:02:19.000 Obviously, we know that.

00:02:20.000 And gold and silver prices are reacting positively to that.

00:02:24.000 So you see gold going up because gold was pretty stable for about a year, right?

00:02:29.000 It was stable last year.

00:02:30.000 Yeah, it was a little bit, you know, it was kind of trading in the 1780, 1800 range.

00:02:37.000 Today we broke 1940.

00:02:39.000 Yeah.

00:02:40.000 And then, you know, silver obviously is up almost 4% today.

00:02:45.000 So anytime you have any economic insecurity, potential war, wars happening, people are going to dive into assets that they feel comfortable with.

00:02:56.000 And gold and silver are obviously going to fit that.

00:02:58.000 Right.

00:02:58.000 So talk about just in the last week, have you seen an increase for absolutely.

00:03:03.000 Yeah.

00:03:04.000 No, gold demand has been through the roof over the last week.

00:03:08.000 Silver demand has been very high.

00:03:10.000 And the thing about silver right now that's interesting is, see, in Russia, they obviously produce and mine a lot of precious metals.

00:03:19.000 They do gold.

00:03:19.000 They're very big on gold buying.

00:03:21.000 They actually just announced they're going to buy more gold this morning, but they mine a lot of palladium.

00:03:27.000 And palladium is used in catalytic converters and a lot of different manufacturing things that are out there.

00:03:34.000 40% of the palladium in the world is mined in Russia.

00:03:37.000 Where is that palladium going to come from now?

00:03:39.000 Obviously, it's not going to get moved the way it was.

00:03:41.000 Palladium's reacted positively to that.

00:03:43.000 So I think we're seeing a situation where a lot of these precious metals, we knew with inflation they were going to go up, but now with this, with what's happening in Ukraine and Russia, it's really putting a hamper on supply.

00:03:55.000 And we're going to see some big supply issues and precious metals over the next six months.

00:03:59.000 Yeah, so just talk in general about kind of, you know, how we see historically the debasing of currency.

00:04:05.000 Like this is not, this is nothing new.

00:04:07.000 You know, regimes have a tendency to do this over a period of time.

00:04:10.000 Yeah, I mean, I mean, we could go back, obviously in history, we can go World War I, a great example.

00:04:14.000 And when people talk about really heavy inflation, you know, there was a thing called wheelbarrow inflation where after World War I, Germany was broke and their currency was worth nothing.

00:04:27.000 This is the first time, I think, in modern day that inflation is getting reported closer to what it actually is.

00:04:35.000 I mean, if you go back and you take the CPI numbers of what it used to be when Reagan was in office, inflation is well over 15%.

00:04:42.000 Government's reporting 7%.

00:04:44.000 Do you think it's underreported usually?

00:04:46.000 It's always absolutely underreported.

00:04:46.000 Oh, absolutely.

00:04:48.000 So now we're seeing it because the things that people are buying every day, the goods, food, I mean, obviously gasoline prices are going through the roof.

00:04:56.000 You know, these are things people need every day to survive.

00:04:59.000 These things are going up in an astronomical way and it's making it very difficult for people just to live day to day.

00:05:06.000 So they're looking for items that have a limited supply that are going to perform well in a safe environment so that they can survive and pay for their day-to-day living.

00:05:17.000 So everyday people are kind of confused by all this when it comes to inflation and like how to navigate it.

00:05:26.000 The federal government used to be on a gold standard, but isn't any longer.

00:05:30.000 Talk about that.

00:05:31.000 Yeah.

00:05:32.000 So we went off the gold standard in 1971 under Nixon and inflation ever since we went off that has gone through the roof.

00:05:40.000 The last heavy inflation period was the late 70s, early 80s.

00:05:45.000 We saw inflation, you know, 12, 14, 15%.

00:05:49.000 So those are numbers that, you know, in modern times, we haven't seen.

00:05:53.000 I mean, basically since 9-11, the government's reported basically 2% or less.

00:05:58.000 Do I think that number has been manipulated?

00:06:00.000 I think it's been much higher than that.

00:06:00.000 Absolutely.

00:06:02.000 But that's what they've been reporting.

00:06:04.000 So now you have a situation where different currencies across the world are being devalued because we're trying to spend our way out of this situation.

00:06:14.000 We're just basically monetizing debt.

00:06:17.000 So you have a situation where the new administration is trying to create more debt with their new bill and this infrastructure bill that they're doing.

00:06:25.000 We have heavy inflation.

00:06:27.000 And now we have a skirmish going on in Ukraine and Russia.

00:06:31.000 So there's a lot of things happening right now that could potentially hurt our dollar even more.

00:06:38.000 And so that's why alternative investments like gold and silver.

00:06:41.000 And that's why crypto has really played a pretty big role in what's happening.

00:06:45.000 You guys have some crypto wrinkles in what you're doing.

00:06:48.000 Yeah.

00:06:48.000 So my digital money is our crypto arm.

00:06:51.000 And what's interesting with having crypto is the beauty behind this situation is if you're living in Ukraine and someone needed to send you money and the banks are closed and they're limiting the amount of money you can take out, which they've done.

00:07:04.000 You could have somebody from anywhere in the world send you Bitcoin and you could potentially use that Bitcoin to get out of the country because crypto is fast, because there's no bank involved.

00:07:17.000 It has all these elements that people love and it's decentralized.

00:07:21.000 So I think having crypto in the mix right now, I mean, we're seeing upwards of $20 million in donations to Ukraine in different cryptocurrencies.

00:07:31.000 They wouldn't have been able to do that before because the banks weren't able to transact that way.

00:07:36.000 So it's giving another avenue for people to donate and to send money to friends or potentially to a government that was never around before that.

00:07:45.000 Yeah.

00:07:46.000 I mean, and you could send it instantaneously.

00:07:47.000 It's also very democratized where anyone can have a point of entry to it.

00:07:51.000 Correct.

00:07:52.000 So, you know, it seems like there is this deliberate campaign to destroy currencies as we know it.

00:07:58.000 The rupee is like basically destroyed.

00:08:00.000 They might have to reset their entire currency with this.

00:08:03.000 The dollar is becoming, it's a little bit stronger because it's happening in Russia, but it's still weakening dramatically.

00:08:10.000 When currencies collapse, basically you have to have something tangible.

00:08:16.000 There's only two currencies, fiat money, left over the last 200 years, the dollar and the pound.

00:08:16.000 Correct.

00:08:16.000 Yeah.

00:08:21.000 Everything else has been wiped away if you go back that far in history.

00:08:25.000 So yeah, you basically have to have some sort of standard.

00:08:28.000 And that's why they've been talking a lot about, you know, the world's been talking a lot about potentially going back to having some gold backing our currency, which would make a lot of sense.

00:08:38.000 And there's been people in governments.

00:08:40.000 There's Representative Mooney who's been pushing legislation to try to go back to at least a partial gold-backed system.

00:08:46.000 Because at the end of the day, people that save money, people that typically 20, 30 years ago would put money in an account, a bank account, they can't do that anymore.

00:08:55.000 It's not feasible.

00:08:56.000 It's a war on saving.

00:08:57.000 It's a war on, yeah.

00:08:58.000 I mean, a quarter of a percent in a savings account and the government's reporting 7% inflation.

00:09:03.000 You're losing 7%.

00:09:05.000 Every year.

00:09:06.000 I mean, so you can't, it's not a feasible way to save money.

00:09:09.000 So now you have to be risky, right?

00:09:11.000 It forces people to be risky.

00:09:13.000 So I think that's why, you know, right now precious metals have done so well is because I think people realize the downside risk is sort of low.

00:09:20.000 The upside potential is pretty high.

00:09:22.000 And so that's why they've sort of been shifting gears.

00:09:25.000 And we're even seeing banks, like banks like Bank of America and Goldman Sachs, which really don't have any interest in the gold business.

00:09:32.000 They've even predicting, you know, gold at 21.50.

00:09:36.000 Bank of America a year and a half ago said it's going to hit 3,000.

00:09:38.000 So places that you wouldn't typically see predicting high prices for gold, they're saying gold's going to really hit through the roof.

00:09:45.000 And so the reason why gold is attractive is there's only so much of it.

00:09:45.000 Yeah.

00:09:48.000 Correct.

00:09:49.000 Yeah.

00:09:49.000 All the gold in the world would fit in two and a half size Olympic size swimming pools.

00:09:54.000 That's all the gold in the world.

00:09:56.000 In the whole world.

00:09:57.000 Yeah.

00:09:57.000 It's a very finite amount.

00:09:59.000 And with all the mining in the world, it can only grow by 1% a year.

00:10:03.000 So it's truly the best currency of the world.

00:10:07.000 And that's why it's been around 5,000 years because there is a limited supply.

00:10:11.000 And now gold's not just jewelry.

00:10:14.000 It's not just sitting in central banks.

00:10:16.000 It's being used in medical devices.

00:10:18.000 You know, they're using it a lot of cancer research.

00:10:20.000 So it has, you know, always been the argument against gold is it doesn't pay a dividend or it's, it doesn't have much utility.

00:10:26.000 But I think those things are sort of going away.

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00:11:27.000 I want to play some sound here about just kind of inflation and what's going on there.

00:11:33.000 Let's play CUT 47.

00:11:35.000 The president will absolutely use the word inflation tomorrow, and he will talk about inflation in his speech.

00:11:40.000 Of course, that is a huge issue on the minds of Americans.

00:11:43.000 Now, one thing to note is one of the best, most important steps that the Senate could take is to confirm his slate of eminently qualified nominees to fill out the Federal Reserve Board, given they have a very important role as it relates to inflation.

00:11:59.000 Right.

00:11:59.000 So the way to lower inflation is we need more people in the Fed.

00:12:03.000 I didn't see how that connected.

00:12:05.000 In order to curb inflation, we need to give the Federal Reserve more power.

00:12:09.000 Put the people on the board that I want that will help inflation, even though inflation's never been this high before.

00:12:15.000 It hasn't been this high since.

00:12:17.000 Well, I think they're lying to us, too.

00:12:18.000 I mean, I've said that inflation is really 10 to 12% for years.

00:12:21.000 I think it's really 25%.

00:12:23.000 But people think I'm in the woods when I say that.

00:12:25.000 It's somewhere in between there.

00:12:26.000 But I mean, at the end of the day, I mean, if you look at your energy costs, you look at, I mean, obviously oil, housing prices.

00:12:34.000 Yeah, real estate's are up 40% in Phoenix.

00:12:36.000 Yeah.

00:12:36.000 I mean, housing prices.

00:12:37.000 And average rent is up 26%.

00:12:39.000 So I don't know what they're looking at.

00:12:40.000 Yeah.

00:12:41.000 7% for what?

00:12:42.000 Like Netflix?

00:12:43.000 Well, and it's like, you know, everybody wants the American dream is to own a home.

00:12:43.000 Yeah, exactly.

00:12:47.000 And if it goes up 40%, isn't that?

00:12:49.000 That's right.

00:12:50.000 But then also grocery stores up 8%.

00:12:50.000 Isn't that inflation?

00:12:52.000 I mean, you have to average your stuff together.

00:12:53.000 Yeah.

00:12:54.000 Typical food costs, fuel costs.

00:12:54.000 Yeah.

00:12:56.000 Yes.

00:12:57.000 Yeah.

00:12:57.000 And it'll be interesting to see because, you know, the Expedia CEO is saying that this summer is going to be the best travel summer that we've had in a long time.

00:13:04.000 Best.

00:13:05.000 Okay.

00:13:06.000 Busiest.

00:13:06.000 Best or busiest.

00:13:08.000 But it'll be interesting to see if that plays out.

00:13:11.000 I mean, if oil prices continue to go up, are people going to be wanting to take those trips?

00:13:15.000 It could really hamper travel this year.

00:13:19.000 Obviously, it could affect prices for traveling airlines.

00:13:22.000 I mean, there's a ripple effect to this.

00:13:24.000 And if these skirmishes continue, are people going to feel comfortable traveling?

00:13:29.000 So a lot is happening right now that it could affect our economy and could put us in a worse financial situation because a lot of industries, our hospitality, we need to have a big summer.

00:13:41.000 We've had a few years where nothing much is really happening.

00:13:43.000 So we need travel to come back.

00:13:46.000 So we'll see what happens with gasoline prices.

00:13:48.000 But yeah, it's astronaut.

00:13:50.000 I know here it's $4.

00:13:52.000 In California, we're well above $5.

00:13:55.000 So that makes you second guess, taking that trip at $5, $6.

00:14:01.000 And really, there's no end in sight.

00:14:02.000 I've seen reports that they think oil prices are going to go to $125, $130.

00:14:08.000 So that's going to have a pretty significant effect on the day-to-day American.

00:14:13.000 Yeah.

00:14:13.000 Inflation is a strategy.

00:14:14.000 It's a tax on the working people. 0.97

00:14:16.000 And it's also a way to try and bail out really bad decisions by our government.

00:14:20.000 Let's play CUT 48.

00:14:21.000 Inflation is near a 40-year high.

00:14:25.000 This is the fastest consumer inflation, the fastest rate of price increases we've seen for just about everything since February 1982.

00:14:33.000 Anybody who's gone shopping for a car in the grocery store, whatever the case may be, knows that everything is more expensive right now.

00:14:41.000 Yeah, prices are going up because it's really, you don't have to overcomplicate this.

00:14:47.000 When you increase the amount of dollar bills in circulation and you don't have a correlated amount of growth or new value being created, then you're going to have dollars chasing value.

00:14:55.000 Yeah.

00:14:56.000 And also, I think, yes, 100%.

00:14:58.000 And also we're, you know, we're shifting to a lot of renewables.

00:15:01.000 We're moving that direction.

00:15:02.000 I think people now are really realizing like, hey, you know, maybe getting that energy efficient vehicle, maybe it makes sense.

00:15:08.000 You know, I know people are driving less day to day, but obviously if gas goes to $6, $7, it's going to make a big difference in everyone's bottom line.

00:15:16.000 So silver is a big component of that.

00:15:19.000 Silver is going to play a big part in a lot of these new energy efficient vehicles.

00:15:23.000 So I've been saying it for a long time.

00:15:25.000 I don't understand why silver is sitting where it's at.

00:15:28.000 You know, all-time high of silver is almost 50.

00:15:30.000 You know, we're sitting in the $24 range.

00:15:32.000 Obviously, had a big move today, almost 4% up.

00:15:36.000 But I love where silver is sitting right now.

00:15:39.000 You know, the only thing I always say, you know, my wife and I always talk about silver, the downside is like, where do you keep it all?

00:15:44.000 You know, a lot of silver is it's bulky.

00:15:46.000 But you guys have storage options, though.

00:15:48.000 We do.

00:15:48.000 Yeah, we can store silver for you.

00:15:50.000 We also ship directly to your home.

00:15:51.000 A lot of people want to have it in their hands, and I respect that.

00:15:54.000 But if people travel a lot or they don't feel comfortable, we can store the silver and gold for them safely in a segregated way.

00:16:00.000 And it's a good way.

00:16:01.000 It's a good option for people.

00:16:02.000 So it's noblegoldinvestments.com.

00:16:04.000 I think that I have a promo code somewhere for me, but whatever.

00:16:07.000 I think you just, I think if they call and they say it's Charlie Kirk, I think they will know.

00:16:12.000 You guys can open an account 877-646-5347.

00:16:15.000 There's a lot of weird people in the gold business.

00:16:17.000 Everybody, if you have any desire to go into gold, go with Noble Gold Investments.

00:16:21.000 They're phenomenal.

00:16:22.000 And because there's a lot of just kind of transit, like just weird people.

00:16:25.000 This is a legit business.

00:16:26.000 Great people, ethical.

00:16:30.000 Look, inflation is out of control.

00:16:32.000 One area we see it more than ever is the grocery store.

00:16:34.000 Even though grocery prices feel like they've doubled, Good Ranchers' prices have stayed low and affordable.

00:16:39.000 Once you subscribe, it's locked in.

00:16:41.000 The price never goes up.

00:16:42.000 Your best price is locked in for life.

00:16:44.000 They sell 100% American meat and deliver it to your door for a great price.

00:16:48.000 Good Ranchers help solve your meat problem.

00:16:50.000 And the problem is 85% of the grass-fed beef in stores and online is imported.

00:16:55.000 Shop Good Ranchers for all your beef, chicken, and seafood needs.

00:16:58.000 Their pre-trimmed and pre-marinated chicken breasts are absolutely delicious.

00:17:02.000 I love Good Ranchers, and you guys should too.

00:17:04.000 Their animals are ethically raised and they're beautifully sourced.

00:17:07.000 They do the things the right way and it shows in every box.

00:17:10.000 Good Ranchers takes the guest work out of the meat aisle and grocery shopping.

00:17:14.000 Get a steakhouse quality at home with Good Ranchers.

00:17:17.000 Right now, go to goodranchers.com/slash Charlie and do it right now.

00:17:21.000 It's Good Ranchers, American meat delivered.

00:17:24.000 I love Good Ranchers.

00:17:25.000 When Good Ranchers get delivered to our home or to our office, it's something incredible.

00:17:31.000 If you don't buy the meat in your house, tell the person who does to check out Good Ranchers, support the Charlie Kirk show, support America, goodranchers.com/slash Charlie.

00:17:43.000 Stock market is down 650 points, 675 points now.

00:17:48.000 Stock market's not the investment it used to be.

00:17:52.000 This is a very volatile year.

00:17:53.000 We're having a lot of those corrections right now.

00:17:57.000 And, you know, obviously, nobody knows when this bull run's going to end.

00:18:01.000 It's been going on for a long time.

00:18:03.000 But I do think diversifying is going to be pretty important.

00:18:08.000 You should have some inflation-proof assets.

00:18:11.000 I think so.

00:18:11.000 The VIX is up today, big time.

00:18:13.000 So that's the volatility index.

00:18:14.000 Yeah.

00:18:15.000 Thankfully, I own a fair amount of that.

00:18:17.000 Okay, so let's go into another cut here.

00:18:19.000 Let's go to cut 49.

00:18:22.000 Let's play it right now.

00:18:23.000 Another pricey day at the pump.

00:18:26.000 I got to put 20 and then today, next day, another 20 and then another 20.

00:18:31.000 And Fontana resident Jose Molina says he is now paying double every week just to get around.

00:18:37.000 It's frustrating to say the least.

00:18:39.000 When the gas is going up, food is going up.

00:18:43.000 Everything else is going up.

00:18:45.000 But the salary is not going up.

00:18:47.000 It's still the same.

00:18:49.000 Salary's not going up.

00:18:51.000 Well, that's not 100% true.

00:18:53.000 I mean, salaries have gone up pretty dramatically.

00:18:55.000 It's not correlating with the not going up enough.

00:18:58.000 I think that's probably a pretty strong argument.

00:19:00.000 But I mean, salaries have gone up.

00:19:02.000 Minimum wages have gone up in a lot of states.

00:19:05.000 So it has gone up, but probably not enough.

00:19:08.000 And, you know, unfortunately, when you're in a situation when inflation is moving that fast, you know, for this gentleman, you know, every week that $20 is getting less and less gas.

00:19:19.000 And that's highly unusual.

00:19:22.000 And a lot of it is, you know, currencies like the dollar, they're made to sort of hold value.

00:19:28.000 And we've lost that.

00:19:30.000 And we lost that.

00:19:31.000 It basically started after 9-11.

00:19:33.000 Once we realized that we're going to keep interest rates relatively low forever.

00:19:38.000 And once the banks realize that they don't have to pay any money on saving, once they got away with that, I mean, we even had, you know, in Switzerland, they had negative bank accounts where they were paying you like 10% below.

00:19:50.000 So you were losing money there.

00:19:51.000 So once they realize that that is feasible, that you can actually attain that, that's when that dynamic shifted.

00:19:59.000 And now we're in this never-ending cycle of low interest rates.

00:20:04.000 And we're in stagflation right now.

00:20:06.000 I know they say like we're getting close to stagflation.

00:20:09.000 We are in stagflation.

00:20:10.000 It's happening.

00:20:11.000 We have low growth.

00:20:12.000 We have high inflation.

00:20:13.000 I mean, I don't know how far the numbers need to be off, but I mean, growth, you know, one and a half, 2%.

00:20:19.000 You got inflation at 7%.

00:20:20.000 That's enough for me to say we're in a stagflation type period.

00:20:24.000 The Big Mac price is up 40%.

00:20:26.000 Yeah.

00:20:26.000 That's the Big Mac index.

00:20:28.000 Yeah.

00:20:28.000 The Big Mac is.

00:20:29.000 And the dollar store is no longer the dollar store.

00:20:31.000 The Big Mac's eating in your pocket pretty substantially.

00:20:31.000 Yeah.

00:20:35.000 And I think that, you know, obviously people are changing, having to change their habits.

00:20:40.000 You know, they're changing the way that they look at money and they need to.

00:20:44.000 And that's really important right now.

00:20:46.000 Talk a little about that.

00:20:47.000 Well, and I think like overall, like more people working from home, more people are going to just settle into their house and they need to.

00:20:55.000 You know, the one thing about during the pandemic that I was the best statistic was that credit card debt dropped by like 60%.

00:21:02.000 People actually were, ironically, even though a lot of people were either out of work or making a lot less or just working, they were saving money.

00:21:10.000 They were paying down their debt.

00:21:12.000 Soon as things started to fly back open, credit card debt sort of flied through the roof again, unfortunately.

00:21:16.000 So living within your means, having some sound money principles is really what we need to get back to.

00:21:23.000 And you and I were sort of joking about the federal government hopefully having some similar values.

00:21:29.000 Yes.

00:21:29.000 Right.

00:21:30.000 If they got on blockchain, sure.

00:21:32.000 If they got on blockchain.

00:21:33.000 Yeah.

00:21:33.000 I mean, that would be the way that we could curtail a lot of the spending.

00:21:37.000 If every government contract, you were able to see where all that money was going for on the blockchain, people would be held more accountable.

00:21:47.000 Right now, they're not.

00:21:48.000 No one knows where this money goes.

00:21:49.000 No one knows how much over budget they're going.

00:21:51.000 There's no way to track those things.

00:21:53.000 Blockchain could easily fix those problems, but obviously that would be, they'd have to be held accountable.

00:22:01.000 Right.

00:22:02.000 And I don't think they don't want to be held accountable.

00:22:04.000 They certainly don't want the transparency that comes along with that.

00:22:07.000 Absolutely.

00:22:08.000 Not at all.

00:22:08.000 So money is supposed to be a representation of value.

00:22:11.000 Correct.

00:22:11.000 It's supposed to hold value.

00:22:12.000 Correct.

00:22:13.000 You know, money is a replacement for the barter system so that you're not trading chickens for cows.

00:22:18.000 And money is able to also stretch out the needs and wants problem.

00:22:24.000 So for example, you might be selling chickens, but I don't want chickens.

00:22:28.000 Right.

00:22:28.000 But we would be able to do trade together because there's a replacement for that.

00:22:32.000 It's like, oh, well, you don't have chickens, but you have dollar bills instead of chickens and I could use the dollar bills to go buy fuel instead of the chicken.

00:22:38.000 Sure.

00:22:38.000 So by definition, it makes the economy more efficient.

00:22:42.000 Are you starting to see a reintroduction of the barter system?

00:22:46.000 Yeah.

00:22:46.000 Well, I mean, there's a lot of states that have allowed people to pay tax in gold and silver.

00:22:54.000 Utah is the one, but there's other states that come to mind.

00:22:58.000 There's also states that are allowing people to pay in crypto too.

00:23:02.000 So they're changing how states are able to receive funds.

00:23:08.000 I have clients that pay for some of their goods in silver.

00:23:12.000 I have one of my oldest clients, he pays his mechanic in silver.

00:23:15.000 He's been paying his mechanic in silver for a long time.

00:23:18.000 It's been easy to sort of barter with that.

00:23:21.000 So yeah, to your chicken analogy, the other flip side of that too is when someone's bartering with cows or chickens, and then when the transaction ends up happening, a few chickens get sick, it's not an equal trade.

00:23:36.000 And money's supposed to replace the perishable component of goods, right?

00:23:40.000 Especially in those things that have short spans, right?

00:23:43.000 Exactly.

00:23:44.000 Entertainment or food, fuel, things like that.

00:23:46.000 Yeah.

00:23:46.000 And think about these states, these really smart states that have been collecting gold and silver for taxes.

00:23:53.000 I mean, think of what a win-win that is for the people in that state.

00:23:57.000 Instead of them taking dollars, which has been dropping 7%, as we've discussed, now they're taking gold and silver in their costs.

00:24:04.000 More valuable just this year.

00:24:06.000 I mean, the dollar's down 7%, gold's up 7%.

00:24:09.000 Yeah, exactly.

00:24:09.000 So that's why a lot of times when people are buying, you know, gold from us and it's, you know, it's just, it's a part of the pie.

00:24:15.000 It's not everything.

00:24:16.000 I know, you know, you're interested in gold, you buy gold.

00:24:18.000 I have gold.

00:24:19.000 It's not everything.

00:24:20.000 I have gold.

00:24:20.000 It's a piece.

00:24:20.000 Yeah.

00:24:21.000 It's a portfolio.

00:24:22.000 Yeah.

00:24:22.000 You hedge your bet.

00:24:23.000 But the beauty is, is when we retire, wherever the markets, let's say the market's down and let's say it goes down for a few months in the stock market.

00:24:31.000 If gold's up, then if you need money to live, you liquidate some of that gold.

00:24:36.000 It gives you that flexibility.

00:24:37.000 That's the problem with people is that they dive into everything.

00:24:40.000 Yeah, and look, I mean, we have, you know, we talk a lot about gold is also really good if things really fall apart.

00:24:46.000 And that's the other thing is that if there's a collapse, like a legitimate economic collapse or something that we wouldn't expect like COVID, you know, that goes even further, sure.

00:24:56.000 Then all of a sudden having hard metallic assets to be able to trade or to be able to, you know, barter on are really important.

00:25:02.000 Let's play Janet Yellen, cut 50. 0.99

00:25:04.000 I don't anticipate that inflation is going to be a problem.

00:25:08.000 And it will be transitory.

00:25:11.000 Now they say.

00:25:12.000 I'm ready to retire the word transitory.

00:25:16.000 So what went wrong?

00:25:17.000 Some politicians blame greedy corporations.

00:25:21.000 This is about price gouging, corporate greed.

00:25:24.000 Corporate greed.

00:25:25.000 Greed is constant.

00:25:27.000 Economist David Henderson studies inflation.

00:25:30.000 If it's greed, how do we explain when prices fall?

00:25:34.000 So great point.

00:25:35.000 Yeah.

00:25:36.000 And so any thoughts on that?

00:25:37.000 Well, I just think that's, we have to raise prices.

00:25:41.000 You know, companies in corporate, if, if wages are going up, the cost of goods are going up, oil is going up.

00:25:47.000 I mean, we have to.

00:25:48.000 I mean, you remember during Christmas time, you know, goods that were coming over from China, you know, those crates to get those crates, you know, out to be shipped, they went from a few thousand dollars to 20 or 30 or 40,000.

00:26:00.000 Well, how does a company recoup that cost?

00:26:03.000 They have to increase the cost of those items.

00:26:06.000 So, you know, across the board, this is happening.

00:26:09.000 You know, every all the oil prices, obviously we're, we're moving to get off oil to be, you know, so dependent on oil.

00:26:16.000 And we're moving in that direction, but it's going to be 10, 15, 20 years before we can do that.

00:26:21.000 So, you know, energy costs, I don't know how anyone can say that could be greedy corporations.

00:26:25.000 I mean, these are things that are happening.

00:26:27.000 You have to adjust your prices.

00:26:28.000 You have to adjust your prices, of course.

00:26:30.000 I mean, that's what happens every day.

00:26:32.000 Everybody's going to go ahead and charge, you know, like you said, the dollar store is gone.

00:26:35.000 I mean, these companies can't survive at these prices anymore.

00:26:38.000 So it's just what's happening.

00:26:40.000 And either you jump on the bandwagon and realize this is where things are going, or you put your head in the sand.

00:26:45.000 And unfortunately, you're going to be caught, you know, in a pretty bad financial situation.

00:26:48.000 So we've seen $6 trillion new dollars in spending over the last year and a half, which just dramatically increased the money supply.

00:26:55.000 You probably saw it.

00:26:55.000 70 to 80% of all dollar bills ever created were created in the last two years.

00:26:59.000 Yeah, it's unbelievable.

00:27:00.000 Yeah.

00:27:00.000 And people that don't realize that are not watching that and feel like they can do things the same, you know, unfortunately are going to be in a bad position.

00:27:09.000 And that's why this gig economy has blown up.

00:27:13.000 I mean, people since COVID have like realized, like, I got to, I got, maybe I have this job for whatever reason, but I got to do things on the side of bringing in more income.

00:27:21.000 So it's created this firestorm of all these entrepreneurs.

00:27:25.000 And that's what we want.

00:27:26.000 And we want to encourage that.

00:27:28.000 And we need to encourage that.

00:27:29.000 We need that more than ever.

00:27:31.000 They're saying that 50% of people in the U.S. will be self-employed in the next 10 to 12 years.

00:27:36.000 That's where the U.S., that's how we come out of this.

00:27:40.000 But we also have to make sure we give them the tools.

00:27:42.000 We don't tax them too heavily.

00:27:44.000 And we make sure that they have the opportunity to survive, especially in the first few years, starting a business, as you know, first few years.

00:27:50.000 It's awful.

00:27:51.000 It's awful.

00:27:52.000 It's tough.

00:27:52.000 I mean, I was there.

00:27:53.000 I remember we were talking about it.

00:27:55.000 You really fall on your face a lot.

00:27:58.000 You learn a lot.

00:27:59.000 And hopefully you can get out of it.

00:28:01.000 But the important thing is that we need to give entrepreneurs the runway right now.

00:28:06.000 The infrastructure bill should be the entrepreneur bill.

00:28:09.000 That's what we should be focused on.

00:28:11.000 Yeah.

00:28:11.000 And inflation makes entrepreneurship more difficult because if prices are just rising 10% a month, it's really hard to start a business.

00:28:18.000 Absolutely.

00:28:19.000 How do you price your goods?

00:28:21.000 How do you price your employees?

00:28:22.000 I mean, and you're already trying to figure out enough stuff.

00:28:24.000 You're trying that.

00:28:24.000 Exactly.

00:28:25.000 You're trying to figure out.

00:28:26.000 And you figure it's not just the goods that you're buying.

00:28:28.000 It's insurance.

00:28:29.000 I mean, everything is going.

00:28:30.000 I mean, if you're delivering items, say you have a product that you're delivering, let's say, you know, you got something you're delivering day to day.

00:28:38.000 I mean, your cost has gone up, what, 20, 25% over the last six months?

00:28:42.000 I mean, you can't eat that cost.

00:28:44.000 So we got to get inflation under control and we got to create a way where people can really kind of take the power back and really focus on creating opportunities for their families and not be so beholden on working for certain corporations.

00:29:00.000 That's well said.

00:29:01.000 We're seeing a lot of different kind of forces happening right now.

00:29:05.000 Talk a little bit about, I want to talk more about the crypto side of it.

00:29:08.000 I think it's really interesting.

00:29:09.000 I was like, it's unique that as a gold company, you guys are getting into that.

00:29:12.000 Well, we found when we started getting into crypto that the cryptocurrency, the person that believes in anti-government, the person that wants to take the gold and silver for themselves and control their destiny is the same mindset typically of a crypto.

00:29:29.000 Someone that buys and loves crypto, they love the decentralized, the peer-to-peer.

00:29:33.000 You and I can, we can send money back and forth, right?

00:29:36.000 We don't have to worry about the banks.

00:29:38.000 We don't have to worry about anything.

00:29:40.000 And also, the value of what we're sending back and forth is not manipulated by the Fed.

00:29:45.000 Yeah.

00:29:45.000 And we know, especially Bitcoin, on Bitcoin in particular, the code does not allow for inflation.

00:29:52.000 It becomes harder to create a new Bitcoin the more people want it.

00:29:55.000 Yeah, absolutely.

00:29:59.000 Being an entrepreneur and running a business are not for the faint of heart.

00:30:02.000 There's a lot of stress when everything is on your shoulders.

00:30:04.000 And if you're not careful, that stress can take the toll on your body, raising your blood pressure, making it hard to sleep, draining you of vital energy and making more irritable.

00:30:12.000 I discovered magnesium and it's amazing.

00:30:14.000 It's a natural supplement.

00:30:16.000 And do you know 75% of people are magnesium deficient?

00:30:19.000 The number might be even higher among business owners and C-level professionals.

00:30:22.000 That's because stress depletes magnesium levels.

00:30:25.000 This can trigger a vicious cycle of rising stress and severe magnesium deficiency.

00:30:30.000 This deficiency can lead to higher levels of anxiety, irritability, trouble sleeping, and low energy.

00:30:35.000 It can even contribute to foot and leg cramps while you sleep.

00:30:37.000 Now, you might be wondering, does magnesium really affect all these things?

00:30:40.000 Well, the answer shortly is yes.

00:30:42.000 In fact, magnesium is involved in more than 300 chemical processes inside your body.

00:30:46.000 So a lot of different things can start to go wrong when you're deficient.

00:30:49.000 The good news is that you can experience a number of positive health benefits from just getting enough magnesium, including better sleep, more energy, healthy blood pressure, less irritability, a calmer mood, stronger bones, reduced muscle cramping, and even fewer migraines.

00:31:01.000 But to experience these health benefits, you have to get the right kinds of magnesium.

00:31:05.000 Truth is, most magnesium supplements you'll find in health stores use only the two cheapest synthetic forms, and they're not full spectrum.

00:31:11.000 And they won't fix your magnesium deficiency or to do much for your health.

00:31:14.000 There are actually seven unique forms of magnesium.

00:31:17.000 You must get all of them if you want to experience its calming stress-relieving effects.

00:31:20.000 That's why I recommend magnesium breakthroughs by Buy Optimizers.

00:31:24.000 It's the only fully organic, full-spectrum magnesium supplement that includes seven unique forms of magnesium for stress relief, better sleep all in one bottle.

00:31:31.000 Simply take two capsules before you go to bed and you'll be amazed by the improvements in your mood or energy levels and how much more rested you'll feel when you wake up.

00:31:38.000 For an exclusive offer for my listeners, go to magbreakthrough.com slash Kirk or use Kirk10 during checkout to save 10% and get free shipping.

00:31:45.000 Magbreakthrough.com slash Kirk.

00:31:47.000 Check it out right now.

00:31:51.000 So let's get into the crypto side of it.

00:31:53.000 Yes.

00:31:53.000 So what makes crypto so compelling for a gold guy?

00:31:57.000 Well, I think it's the decentralized aspect of it, you know, that it doesn't have to go through any banks.

00:32:02.000 It's not controlled by the Fed.

00:32:03.000 It's not controlled by it's, it's, it's, the market dictates the price.

00:32:07.000 So, you know, obviously there's wild fluctuations.

00:32:10.000 There's, there's a lot of volatility in crypto, but you know that that volatility is based on supply and demand of what's happening.

00:32:17.000 People are buying and selling out there.

00:32:18.000 So I think that's the first side of it.

00:32:20.000 Second side is just creating a system of utility in the world.

00:32:24.000 A lot of cryptocurrencies, their mission is to make our lives better in so many different ways from healthcare.

00:32:33.000 I mean, the ability to have all of our data, you know, and my father's a veteran.

00:32:38.000 And so when he goes to the VA, they have his data from when he was, you know, he's 76 now.

00:32:46.000 They have his data when he served, when he was 18 years old.

00:32:49.000 And so they can pull all that up, right?

00:32:51.000 Which is so convenient.

00:32:52.000 Most people like us, you go to seven different doctors.

00:32:55.000 Oh, where's your, oh, you broke your leg.

00:32:57.000 How do I get that?

00:32:57.000 How do I get that X-ray?

00:32:58.000 You can't get that data.

00:33:00.000 So the VA has that system.

00:33:02.000 The blockchain is creating that system.

00:33:04.000 So your doctor, whatever doctor you go to, let's say you got some emergency, you're in a car accident, you fly in and they don't know that you're allergic to penicillin and something happens, which happens all the time, right?

00:33:17.000 These, these kind of mistakes.

00:33:18.000 So that data would be at the fingertips because of what they can build on the blockchain.

00:33:22.000 So that utility is something that I don't think anyone can disagree with and also would make our lives better and easier.

00:33:30.000 And we see it now in currency and in assets.

00:33:33.000 The federal government doesn't like it, though.

00:33:35.000 The feds have a new cryptocurrency unit to add to growing U.S. enforcement measures taken to stop crypto crimes.

00:33:41.000 Why is it that the federal government doesn't like crypto?

00:33:44.000 I think obviously number one is a control aspect.

00:33:47.000 They don't control it.

00:33:49.000 This task force, I actually look at it as a positive for crypto because they're actually creating a task force to find people that are stealing crypto.

00:33:58.000 So that's really what the task force is.

00:34:00.000 Now, the double-edged sword of that is they're also trying to find people that aren't paying taxes on crypto.

00:34:05.000 I'm sure that's a big part of the division, but there's been a lot of hacks in crypto.

00:34:10.000 So a lot of people, they've created a vision.

00:34:12.000 They know the values there.

00:34:14.000 They know it's not going to go anywhere anytime soon.

00:34:16.000 So I think it is a sign that they believe crypto will be around.

00:34:20.000 It's here to stay.

00:34:21.000 And they just want to make sure that platforms that are buying it, people that are buying it.

00:34:27.000 That's one of the great things about this country is that if you buy an asset and you buy Bitcoin at 39,000 and it goes to 200,000, you want to reap the benefits of that.

00:34:36.000 You don't want to get stolen by some guy in some country.

00:34:40.000 So I think they're looking for ways to sort of protect the investment for people is the way I look at it.

00:34:47.000 I hope you're right.

00:34:48.000 I don't know if I trust the government in that way.

00:34:51.000 I had another story here.

00:34:52.000 Just talk about Russia, Ukraine, kind of just the general geopolitical tensions you're seeing.

00:34:56.000 Yeah.

00:34:56.000 So I think it's interesting right now is the conversation about, I think an interesting conversation about crypto is good versus evil, right?

00:35:04.000 So the good of crypto right now is that someone in the Ukraine could get, they can't get enough money from the bank.

00:35:11.000 They go and someone sends them crypto.

00:35:12.000 They could buy a car.

00:35:13.000 They flee the country.

00:35:14.000 So that's the positive.

00:35:15.000 The downside is how much crypto does Russia have, right?

00:35:19.000 Are they going to use this?

00:35:21.000 A lot of their traditional ways of getting funding is sort of changing.

00:35:24.000 So there is two sides to the coin, right?

00:35:28.000 So what they're going to be monitoring, this task force is going to be monitoring now, is they're going to be looking for influx of crypto into things that people wouldn't normally see, like NFTs.

00:35:39.000 If there's big purchases of NFTs going back and forth, this wouldn't be a normal place for people to see these transactions.

00:35:45.000 So I think they're going to be monitoring this to see if that's a way that they're sort of funneling money to kind of go around the sanctions that are happening in Russia.

00:35:54.000 Got it.

00:35:55.000 Colin, thank you for joining us, man.

00:35:56.000 This was great.

00:35:57.000 Absolutely pleasure.

00:35:58.000 NobleGoldInvestments.com.

00:35:59.000 Check it out, everybody.

00:36:00.000 It's one of our great partners and they help us out with a lot of different things.

00:36:02.000 And you guys can get rid of those coins.

00:36:04.000 Yeah.

00:36:04.000 And My Digital Money is our crypto platform.

00:36:06.000 Very good.

00:36:07.000 So I appreciate it.

00:36:10.000 Thank you so much for listening, everybody.

00:36:11.000 Email me directly, freedom at charliekirk.com.

00:36:13.000 Thanks so much for listening.

00:36:14.000 God bless.

00:36:18.000 For more on many of these stories and news you can trust, go to CharlieKirk. com.

The Charlie Kirk Show - March 02, 2022

Surviving Skyrocketing Inflation w- Collin Plume

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