Share This Episode
The Charlie Kirk Show Charlie Kirk Logo

A "Soft Landing" or a Big Economic Splat?

The Charlie Kirk Show / Charlie Kirk
The Truth Network Radio
September 9, 2024 6:57 pm

A "Soft Landing" or a Big Economic Splat?

The Charlie Kirk Show / Charlie Kirk

On-Demand Podcasts NEW!

This broadcaster has 1051 podcast archives available on-demand.

Broadcaster's Links

Keep up-to-date with this broadcaster on social media and their website.


September 9, 2024 6:57 pm

The Biden/Harris economy is clearly heaving — is there hope of a soft landing for the next U.S. president, or is everything headed for a big crash? Collin Plume of Noble Gold talks about the falling confidence in the U.S. economy, Kamala's reckless plan to tax unrealized gains, whether silver is poised for a price surge, and more.

Support the show: http://www.charliekirk.com/support

See omnystudio.com/listener for privacy information.

COVERED TOPICS / TAGS (Click to Search)
YOU MIGHT ALSO LIKE
Our Daily Bread Ministries
Various Hosts
Truth Talk
Stu Epperson
The Charlie Kirk Show
Charlie Kirk
Zach Gelb Show
Zach Gelb

Hey, everybody.

Thanks for watching The Charlie Kirk Show. What's going on with the economy? Our economic expert, Colin Plume, joins the program from Noble Gold Investments. That's noblegoldinvestments.com.

He's talking about economic news, what's happening in Russia, what's happening all across the board. Become a member today to support our program. It's members.charliekirk.com. That is members.charliekirk.com. As always, you can get involved with Turning Point USA at tpusa.com.

That is tpusa.com. Start a high school or college chapter today at tpusa.com. Buckle up, everybody. Here we go. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. 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.

That's why we are here. Noble Gold Investments is the official gold sponsor of The Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals. Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com. That is noblegoldinvestments.com. It's where I buy all of my gold.

Go to noblegoldinvestments.com. Colin, welcome back to the program. Thanks, Charlie.

Nice to be here. Colin is with Noble Gold Investments, and you guys hear us talk about Noble Gold quite a lot here. They are the official gold partner here of The Charlie Kirk Show, and I got to tell you, in a world where there is a lot of, let's just say, shady actors in the gold space. Do you ever hear that feedback, Colin? Unfortunately, yeah.

Yeah, unfortunately, I do. I do hear that a lot, and we get those calls a lot. And, you know, I just think people, they need to take their time when they're doing this and check the reviews. And unfortunately, a lot of times people, they rush into something. And so we urge people to check us out and do the reviews and spend time.

But you have to really got to look at the company and who owns it and see if the owner is out there. Like I am, you know, I'm willing to come out and talk about metals. And it's important that they back up what they're saying and what they're doing. I can say Noble Gold is an ethical company through and through because I got to know Colin because it starts at the top.

Yeah, thank you. So I'm going home with Russia. What is what is I read something about Russia and gold? Yes, they are on a buying spree.

They you know, the BRIC nations are meeting October 22nd, 23rd in Russia. And so they're been just continuously buying. They pretty much been buying before they plan the invasion. And they're doing a lot of trading directly with China. But they just announced last week that they're going to go from buying a little over a million rubles a day in gold to eight million a day, which is quite a shock. It's 600 percent increase. So it's a huge number for them to increase. They're also the third largest gold producer in the world. So they're producing a lot and they're also buying a lot. And it just shows that, you know, a lot of countries besides the U.S. are wanting to buy assets. They see the value in owning tangible assets because they realize that we've we've created so much debt in the world that we can't keep up.

And so the only way to protect yourself is to have something tangible to kind of back it up. And so Russia is there's so much so much hocus pocus in the markets. Correct.

A lot of a lot of speculation, a lot of elevated and I think overly ambitious valuations. Yes. And it's kind of sobering to be able to then touch your money. Yeah. And so we have what is this?

You gave this to me. That's from that's Saint-Gaudens coin, which is, you know, they started making the Saint-Gaudens in 1907. And that one is interesting because it's a 1924 Saint-Gaudens. So it was 100 years ago today. And just to think about what you could buy with 20 dollars 100 years ago, the buying power was was so tremendous just with a small amount of money. And so today we're in this cycle that even if we, you know, lower rates, we're addicted to cheap money. Yes, we are.

Right. And that and people don't realize that like it really started after 9-11. I mean, we were we weren't doing great before that, but we weren't doing as bad. But since 9-11 last 23 years, the amount of debt we've created is something that we've never seen in the world. Let's go into that.

I totally agree. By the way, I just did a whole show on how I'm not a fan of Dick Cheney. Like the the Cheney Bush regime made a decision to open up the guzzle of cheap money. Yes. Which financed war and a welfare state. So what exactly happened? There was the Greenspan put. And then there was a decision to lower rates and keep them low after 9-11. Yeah. The financial center gets hit. Right. World Trade Center. They say we now have to use the Federal Reserve as a psychological mechanism, essentially.

Correct. I mean, I don't I don't know why that emergency created a situation where rates had to be low for so long. And even Greenspan, he talks about gold. And he always says that gold is a great barometer to how he was doing his job. And so he would say that, you know, when gold was sitting at three hundred dollars an ounce, he would say, if if gold hits four hundred dollars an ounce, then I know that my my monetary policy is maybe a little bit too loose.

And then if it drops, maybe I'm a little too tight. So he actually looked at gold as a great barometer to how we're doing things. And I would say right now is the most interesting time because we actually raised rates the quickest we've ever done.

Right. We did it over two years ago. We raised rates to combat inflation. So we raised rates to hopefully tighten things up. Yet gold skyrocketed. So I don't think even Greenspan is probably sitting back going, wait a minute. What have we done to our economy that we could increase rates so much and gold still is skyrocketing. That means there's so many dollar bills in this.

There's so many. Yeah, exactly. I mean, that's that's the big issue with us printing this much money. You know, one hundred trillion dollars in debt every hundred days. That's where we're at right now. And we're one hundred billion. Yeah. One hundred. No, wait.

In terms of debt, we're no one. I'm sorry. One trillion. OK.

Sorry about that. One trillion every hundred days. No, no, that's right. OK, got it. Yeah. So I mean, that's that trillion a year. Yeah.

Oh, yeah. That's where we're that's what we're talking about. So you're looking at a situation where we've had gold have this. And that's why the retail market and the Western market totally missed this gold rush. They missed it.

You know, we've been talking about it for a long time, four years. And our investors have done our noninvestors, our community that became investors did very well. They did.

Yeah, they did. And, you know, they looked at gold and in retail across the board, they said, well, rates are high. Gold shouldn't do well.

But you go back. I mean, you go back this year, you know, gold outperformed the S&P. You go back the last three years, it's outperformed the S&P. So it's moved in an in a way that I would say is unusual because the Western market, you know, the funds, the mutual funds are just now getting into the market. Bank of America is now saying gold is going to hit three thousand dollars now. It's like so the Western community sort of missed the boat. But Russia and China and India and Brazil and all the BRIC countries have obviously been riding this this train up.

Yeah. And so if there if there was even to be a design of a soft landing, what would that look like? I think they the idea of a soft landing where, you know, unemployment feels good and the markets feel good and real estate comes back, I think is, in my opinion, totally impossible. I think in a normal world with these rates, even where they are and everybody wants rates to come down because they feel like it should come down in a lot of ways. You can make an argument that they shouldn't, because really things haven't gotten much better and our debt just continues to go up. And really, with rates going down next week, which they are, they've obviously indicated at least a quarter point that just opens up the money supply more.

Right. That's going to create more potential inflation. And if inflation is the big problem that everyone's really worried and I think they should be worried about it. I don't know how lowering rates is going to help that. It will open it up for businesses. It will make it more desirable. But prices will go up. Prices will go up. Yeah.

One hundred percent. I think that the real benefactor to lowering rates is the Fed realizes that if they don't lower rates, commercial banks, mid banks next year will just be totally out of business because there's so much debt coming due. They won't be able to keep up. So with all this debt coming due in the next 12 to 18 months, if they don't start to lower rates a little bit, what are the banks going to do?

Are they going to take back all these properties? No, they don't have the bandwidth. They don't have to do it. So they have to. And then obviously it's great timing. You know, two months before the before the election to lower rates was just something that I always felt that they were going to do.

So and some argue they could have done it last last meeting, but they're going to do it next month. It doesn't necessarily bode well for regular people. Regular people are kind of saying in some ways like cash in the bank's paying a decent amount right now. We're actually maybe housing prices coming down is not the worst thing in the world. But lowering rates will just will just you know, the cheap money train will just skyrocket again, unfortunately. Yeah.

I mean, we're the everyday American 70, 75 percent Americans do not like the state of the current economy, nor should they. I mean, prices are out of control. It's noblegoldinvestments.com.

Check it out right now. Noblegoldinvestments.com and you get a free quarter ounce gold standard coin. Yeah.

One of these gold standard coins. Well, those are those are very those are those are different points. But you know, I know it's special. It's in this kind of case. Colin brings it in a case that, you know, then I know. Otherwise, he's just throwing them out. You know, everybody.

Hey, everybody, Charlie Kirk here. Americans are tired and frustrated by a stalling economy, inflation, endless wars and the relentless assault on our values. Thankfully, there's companies like Patriot Mobile that still believe in America and our Constitution. I'm proud to partner with Patriot Mobile because they're on the front lines fighting for the First and Second Amendments, sanctity of life and our military and first responder heroes. Take a stand for conservative causes and put America first by switching to Patriot Mobile today. You'll get the same nationwide coverage as the big providers because Patriot Mobile operates across all three major networks. Plus, they back their service with a coverage guarantee.

They're 100 percent U.S. based customer service team will find the best plan for your needs. Go to Patriot Mobile dot com slash Charlie or call 972 Patriot right now. Get a free month when you use offer code Charlie.

Don't get fooled by other providers pretending to share your values or the same coverage. Go to Patriot Mobile dot com slash Charlie or call 972 Patriot for your free month of service today. That is Patriot Mobile dot com slash Charlie.

Patriot Mobile dot com slash Charlie. You know, part of the reason that we've built a great reputation is we focus on bullying coins and bars, which I bought a bullying gold bar today, which is this is a one ounce gold bar. And I love you know, I've seen videos online where people are like, oh, you can't you can't see gold anywhere. And it's not I mean, I fly all over across the country with, you know, these items, a 10 ounce silver bar. Yeah. And you can travel anywhere with these items.

They are completely liquid. You know, I brought you a few great coins and you know that. So I love the 1907, 1908 St. God. And that's when, you know, President Roosevelt finally said, like, we have to have beautiful coins. We're an amazing country. We've created something.

We've we've won. And so he went to St. God and created the coinage that we use from from 1907. Where is that now? Where's the. Oh, that's the St. God is the sculptor that.

OK. He was a famous sculptor and he created those beautiful coins, which is a lot of people say is is the most beautiful coins ever created. But the coin that I bought that I always thought was interesting is that when they came out with the coinage, there's a coin that has that they took off and God we trust. And I always think it's an interesting thing to look at, because we from the 1860s, 1850s, we always had in God we trust. It was just part of our our DNA, part of our. Yeah.

And it was who we are as a country is that we we had those, you know, those Christian values. And so that so for a very brief six month period, they released the coin and it didn't have in God we trust. And people got very upset. Are you serious?

Yeah. They got very upset about it. They didn't. It wouldn't happen today. It would not. Well, yeah. Yeah.

Be interesting to see what would happen today. I see it right here. Yeah. Yeah. Yeah.

So yeah. So you look at that 1908 coin, it doesn't have the in God we trust. Roosevelt took it off because he thought money was kind of dirty and he didn't like some of the places that people were using money, you know, gambling institutions and whatnot.

So he did it very intentionally. But Congress said, listen, you're not in charge of the money. We're in charge of the money.

They change it. And now ever since then, they've had in God we trust. So it's a nice piece of history. And I always look at what people look at when they're buying, you know, things of history or relics or or antiques. You know, those things have were in circulation. People use those to buy things, you know, 120 years ago and they still have tremendous value. And people are buying them today. So the idea that you can hold a piece of history that is unique and that, you know, people in the early nineteen hundreds were using and it's also got gold in it.

I think it's just one of those things that's really great. It's not like, you know, when people bought these Rolexes and all these watches, this market just totally collapsed. Like these things have inherent value and we don't focus really on numismatics, rare coins.

But I just thought I'd bring it just to kind of talk about something interesting. What does that mean? What is numismatic? Numismatic means it's the value is is it's it's it has a rarity above and beyond the metal price. So like, you know, these are bullion. This is ninety nine point nine percent of what we sell is bullion coins and bars. See what you get.

You see what you get. Exactly. But a numismatic coin is a coin that has some history behind it.

You know, the no motto obviously is an interesting story because it doesn't have one god we trust. So there's certain coins in history that that have it. There's a story recently about a I think it's a nickel or dime from nineteen seventy five that this family has been holding. And that coin is going to be worth probably a few million dollars.

And it's, you know, a tiny little dime. So it's it's fun. These stories are interesting. And I think people like to hold a piece of history. They they collect Civil War memorabilia. They collect all these things, which is fine. But I believe if you're going to own something that has some kind of value, you should have something behind it that will actually go up, too. And obviously the fact that they have gold in them is going to inherently push the price up over time, even if the rare coin value isn't as valuable as it once was. If that makes sense. Of course, noble gold investments dot com. I want to get to some of the economic stuff with Mark Cuban commenting on the economic plan of what Kamala Harris's plan would mean for the economy.

Yes. I just want you as an objective onlooker and someone who deals in economic news to comment on it really quick. I mean, what would this do to the American economy from taxing unrealized gains, unrealized gains? Yeah, I mean, they get this idea.

I mean, I don't like when they move the goalposts and when Americans right now are really struggling in retirement just to cover their normal day to day. And then imagine, you know, someone that is in their 60s and 70s and 80s that has a majority of their net worth tied up either in the stock market or in their house. And they're not ready to sell or maybe they're selling over time. How do you tax them on an unrealized gain in those two assets? Because what would you do if the stock market's up, you'll tax them. And then what if it goes down the next year? Are you going to give them the money back?

Is the government ever giving you money? No, this is this would be this would crush the American economy. It would.

Yeah. And it would it wouldn't give any faith. You know, part of what the government's job is, is to give confidence militarily, allegedly and also fiscally.

Hey, everybody, Charlie Kirk here. What an unbelievable start to 2024. We had last month saving babies with preborn by providing ultrasounds, and we're doing again this year what we did last year. We're going to stand for life because remaining silent in the face of the most radically pro-death administration is not an option.

As Sir Edmund Burke said, the only thing necessary for the triumph of evil is for good men to do nothing. And we're not going to do nothing. Your gift to preborn will give a girl the truth about what's happening in her body so that she can make the right choice. Two hundred eighty dollars can save 10 babies. Twenty eight dollars a month can save a baby a month all year long. And a fifteen thousand dollar gift will provide a complete ultrasound machine that will save thousands of babies for years and years to come.

And will also save moms from a lifetime of pain and regret. Call 833-850-2229. That's 833-850-2229 or click on the preborn banner at CharlieKirk.com. That is CharlieKirk.com and click on the preborn banner. Also save moms from a lifetime of pain and regret. I'm a donor of this organization.

They're terrific. Go to CharlieKirk.com, click on the preborn banner. Let's play cut 34. This is Mark Cuban, who I'm not a fan of, but he is correct on this Harris tax plan issue.

Play cut 34. There's a there's a whole bunch of folks in the Valley who I've been in touch with in the past week on this unrealized tax issue, gain issue. And where we've talked about, you know, those who are taking loans against their their unrealized stock, et cetera, et cetera. And then they say, well, you know, if you start to tax that, we won't be able to make investments in startups.

We won't be able to give money over to venture capitalists and private equity folks and other things like that. What's the what's your feedback to that distinction? I wonder what is a critique of one then, you know, of one policy and you get rid of that policy.

Then then, of course, it moves to the critique of the next version of it. Well, of course. But OK, so what I told him was if you tax unrealized gains, you're going to kill the stock market, going to kill the stock market. So where does this idea come from? I mean, I think it's the idea that, you know, there's people that her administration or whoever's around are saying, like, we need to tax those people. We need to get that money out. There's all this money tied up there. We need to get that that money out there. And then what they don't realize is that, yeah, there is a lot because there's 401ks and IRAs. And right, there is a lot of money there. But people do need that money to live on.

They're saving it for the future. And also they're betting on the American economy. Yes, I mean, Warren Buffett over the last two to three months has been selling anything he can sell. So I don't know if he believes that something like this could potentially happen, but he's been dumping. I mean, he's dumped Bank of America. He's dumped a lot of very large investments. He's just sitting in cash, probably waiting to see what's going to happen over the next few months. You know, and this is and I remember 2008, 2009, when Warren Buffett was really positive on the stock market. I don't know if you remember, but he was like, we're going to fix it. We're going to make things happen. It's like best bet ever.

Best bet ever. And he was he was doubling down. He was buying more. And now he's going into cash.

So I think that's pretty telling. I mean, Bank of America is, you know, if not the largest, probably the largest bank in the U.S. And he's basically just continues to divest. So I do think that people are concerned about the stock market and what this potential idea could could do. I mean, it's it's not it's not a fair way to look at it, to have money that's sitting there that that they're going to go after and potentially go after. It's not only that she wants to raise corporate tax.

There's three or four different tax measures there that are that are very I mean, and we're talking about corporate tax from 20 to, you know, she wants to go to 40. I mean, like very aggressive numbers that would make it very difficult for I mean, business owners are already struggling with wages going up with higher rates. So they're they're already sort of struggling.

Then you add this potential tax. I mean, are people really going to want to hire in this environment? I think it's going to reduce excitement to hire more people without a doubt. And so the the current state of the economy is not in a healthy place where most voters think or most Americans think. And the the stock market is all over the place. It's up today.

It's down. And it's interesting point about Warren Buffett. Has he signaled that he thinks a collapse is incoming? I mean, I don't think he wants to do it because it would it would be inherently in his not work for him to say that, because obviously the more if Warren Buffett came out and said, I'm dumping my stocks and Berkshire Hathaway is getting out, you know, and I don't I don't feel confident.

I mean, that would be decimating huge signal, huge signal to the economy. So he hasn't he hasn't done it, but he's been he's been unloading. He's unloading a lot.

He's sitting in cash. And I think that is a true sign. And I think that what we have to look at is that, you know, the dollar and the stock market, a lot of it is just based on faith.

Right. You know, gold's been actually very interesting that if you look at the last 12 to 18 months, there's been more money going out of gold than in. And there's more money going into Bitcoin ETFs than out yet. And this is the thing that people always say that the people that don't believe in gold, they say the only reason gold goes up is because there's more people buying it. But actually, if you look at the trends over the last 12 to 18 months, most of the Western world has actually been dumping it.

They haven't been been hoarding it. The growth in gold has been from emerging nations. You know, the emerging nations are growing GDP wise and they're growing with their gold reserves more than more than ever.

I mean, more of our growth in the world is coming from emerging nations. And so they have they're growing and they're looking at assets that they can acquire. And so gold and silver has have been those assets. So gold is near all time highs now. Correct. And JP, there was a bank that says they think gold is going to go to three thousand dollars. Yeah. That's the Bank of America believes that it's going to hit three thousand.

Yeah. I mean, I think that's because a lot of it has to do with the Western market just catching up now. I mean, a lot of the big funds are looking to get into it. And then also, you've got to look at the gold to silver ratio.

It's sitting at about 80 to one right now. So what does that mean? So basically gold, one ounce of gold to silver. It costs basically 80 ounces of silver to one ounce of gold. And so when you look at that ratio, that's a pretty high ratio. Typically, when gold is is running, you see silver really kind of fall suit.

And it has it. It hasn't really kept up because gold broke through its all time high last year at over two thousand dollars an ounce and silver still sitting in the twenty nine dollar range is still half of its all time high. All time high of silver is about 50 an ounce. So gold has made this massive move. Silver hasn't moved yet. A lot of it has to do with the industrial side of silver.

It hasn't really caught up. But there is tremendous demand for silver. They're using it in solar panels or using an electric vehicles. So it is a utility to it.

There's a utility to it, which makes it day to day more volatile, but also long term. I mean, I've seen Robert Kiyosaki talk about three, four hundred dollar an ounce silver. You know, I think that's kind of aggressive, but I never I always think about what silver is like.

What other item could you buy today that's cheaper than it was in the early 1980s? And silver is really the only the only thing out there. I'm looking at the chart and just the chart for gold goes straight up. And so it's an indictment also of the current monetary status of the dollar, of the of kind of where we are currently sitting.

And so the uncertainty that the markets are feeling can be best best displayed also in the political instability that we're seeing, where people do not feel as if their leaders are making rational decisions that will actually empower them. So how are you guys navigating this when people call in to noble gold investments and they have questions? You guys are a resource to them. Yeah. And I will say this. I do believe in diversification.

I always talk about it. I'm diversified. So I'm not like telling you that this is the only thing in the world that you should own. I mean, there's there's other assets out there and I do believe in being diversified, but we really just talk to people about what we do on the physical side. And I think it's an education in that you don't have to have all of your assets tied up in funds or something where they charge a lot of annual fees. I mean, that's the other thing people don't realize is that mutual funds can charge anywhere from one to three percent. And so unless you're like making significantly more than that, that can really hurt your bottom line. I mean, that's a lot over and that's annually. And as it goes up, those percentages don't go anywhere. With our IRA program, our fees to store the metal and the custodian fee are flat.

They're two hundred seventy five dollars per year and that's it. So you audit it, too. And we do audit.

Yeah, I'm sexist. We have Texas and Delaware. I'll be out there actually next month to do another audit. But basically that two seventy five is flat so that, you know, if you have fifty thousand and it doubles or it goes up, you know, wherever it goes to, it's flat. So it is different in terms of the fees. Like people always say, like, oh, the fees, physical gold, it could be higher. And actually, if you do it and you matching it to mutual funds, if you just buy gold and hold it for the long term, it's actually over time you could save a lot of money because you're not getting charged. There's no like trading fee, you know, in these mutual funds there. And they're always trying to hide how they're doing. Right.

And one to three percent on if you go over 30, 40 years in a portfolio, that could that could be, you know, millions of dollars, at least hundreds of thousands of dollars in lost revenue for an investor. And it gets it gets hidden in a lot of the paper. Absolutely. Yeah. Yeah.

And, you know, it's really changed. I mean, I I always look at like people look at the stockbrokers, how they were in the 70 days, and they thought like, oh, those guys were sharks and this and that. But actually, the way they did it was better because they made a fee based on picking good stocks. Now they don't. They just get a management fee.

They don't they don't really they're just trying to get the most money in. Whereas before you get a call from a stockbroker, he's like, I got a cool idea, this blue chip stock. And he tell you about it and you buy it and they'd make money on that. And then if he didn't make money, you wouldn't use him again. Right.

I think that's a much better way to do it. But we've moved to this new model where they just try to get the majority of your money and they charge these large fees and management. And in general, is the gold market growing as far as like dealers, vendors, companies? Yeah. It seems as if, like, you know, you turn over a rock, there's another gold company.

But going to an ethical one is pretty important. Yeah, no, there are new ones that pop up. I think to get to where we are, where you're doing, you know, we've done over two billion dollars in gold and silver to get to that number is getting harder. So there are some smaller firms that are popping up and they, you know, they want to get it when the price going up and anything, you know, it's like, you know, there's people out there that like want to be influencers now. And how many influencers actually make any money? Right.

Probably less than one percent. So it's like, you know, really to get in and have that stability where you have that volume, that big volume, two billion dollars that I think there's less of that available in the market. It's noble gold investments and also other fun, like giveaways, stuff you want to be aware of. Yeah, I mean, I mean, yeah, we I mean, we always have different coins. We're doing the silver Trump coins that we're giving away. Where's my silver Trump coin? I thought you had it here. I don't I don't know what I'm surprised you don't you don't have one here.

I think it's in my office. OK. Yeah. So so so right now we're doing silver Trump coins for any qualified IRAs. We have flags, silver flag bars. You know, yeah, we give away a lot of stuff. But ultimately, our goal is to get you the most bang for your buck. So we don't want to be overly gimmicky. You know, it's the idea is that we do heavy volume. Right. And so we want to pass on good pricing. And so that's really what we what we focus on.

Very good. So you get the best sleep of your life, but that's not all. Get their six piece kitchen and bath towel set for only twenty five dollars. The brand new mattress topper for as low as sixty nine ninety eight and their famous my pillow bed sheets for as low as twenty five dollars.

And so, so much more. Go to my pillow dot com or call eight hundred eight seven five zero four to five. Use promo code Kirk to get huge discounts on all my pillow products, including the premium queen size my pillow for only nineteen ninety eight.

That's the lowest price ever. Don't delay. Order today. Use promo code Kirk to check out. That is promo code Kirk at my pillow dot com. Check it out right now. Wonderful organization.

My pillow dot com. So, Colin, I want to talk about how it looks like a thirty seven. These employment numbers keep on getting downgraded and revised.

Let's play cut thirty seven in June. The number was revised lower by sixty one thousand. So that takes you to one hundred and eighteen thousand from one hundred and seventy nine. And the change for July revised down by twenty five thousand from the one fourteen K. So that takes you to eighty nine. So together employment in June and July. Eighty six thousand lower than previously reported.

Colin, what's going on here? Well, it is interesting because I think that, you know, they are now the Fed is sort of looking at those numbers going. That's why I have to lower rates.

Right. Because they haven't hit their mandate, their two percent mandate. So but they're worried about unemployment. But they should have been worried probably like six months, eight months ago, because now the true numbers are coming out. So I think we're going to hit probably closer to five percent unemployment.

Obviously, a lot of people are after 18 months. They get out of the workforce, too. So the numbers would be much higher. And then if you also take into effect, you know, how many people are actually taking a second and third job in the in the gig economy? You know, I think you could probably argue that unemployment is probably 10 to 12 percent.

They're not really even if you're paid full, they're not getting enough money to actually cover their day to day goods and you know how they're going to live. So, yeah, I think they've been manipulating the numbers and they wanted to just be able to raise rates next week to kind of create the shock event to potentially help politically. Yeah, I think so. So but have you ever seen this many revisions? I can't remember. No, I can't.

I can't remember. And and I also think, you know, maybe maybe it has happened over time. But I also think part of it is that we've been looking at these job numbers so closely. You know, everyone that's in real estate is is waiting on bated breath to hopefully have rates come down so they can actually do some business. Because letter of the law of the Fed, they have not hit the two percent number. And, you know, until they hit that two percent inflation number, they they probably shouldn't be lowering rates, but they sort of now are looking at unemployment.

So they're they're trying to manipulate everything they can to create the policy that they want and the agenda that they want. But as I said, I do think lowering rates and then I do think maybe they just go bananas, they go QE again like they did in 2009, 2010, and they really open up money. And I think if if unemployment hits that five percent number, I would not be surprised if they just open up the floodgates.

Yeah, that's what I think. Let's play cut 38. CNBC says we are in a type of recession that would lead to what you're saying.

Play cut 38. I think we're in the type of recession eventually that comes due to this cycle of higher interest rates, higher inflation. The stress that puts on the consumer eventually hits their savings rates, increases their delinquency rates. That hits the employment markets where we're already starting to see some signs of companies slowing down in terms of hiring. They've paused hiring already.

I think the next step will be when we start to see more layoffs and that then will bring you your run of the mill, more of a normal type of recession. That's kind of what you're talking about. Yeah. Yeah.

No. And they and they also lowering rates would also do the thing that they want. They want people to start getting money out of the banks.

Right. They want people to start investing and really start moving money and getting the the the you know, the economy moving because so many people are just sitting in cash. So many people are just they've done this cash grab situation and they just want to sit in there because they're getting this rate that they're really feeling. So lowering it, you know, maybe the savings accounts are paying in the threes, maybe they start paying the high twos and that's going to get people to push back into the stock market, which is really what they're what they're attempting to do. But, you know, ultimately, like you got to get assets that keep up with inflation. You have to you have to put some money out there, even in the four percent in the bank. You know, if you look at some of the other gold this year, you know, is well over 20 percent. Some of the other you have to make significantly more than that to keep up with the day to day living.

The cost of everything, energy costs, food costs, everything has gone up significantly higher than the three, four percent than the reporting. So you've got to make a better return out there. Just to summarize again, it's noblegoldinvestments.com. People can get these beautiful coins from you. Absolutely. Yeah. And gold IRA, gold IRA, silver IRA.

And I'd say silver. Last thing I just want to mention is Samsung battery that we have going on. You know, this Samsung battery, if they can get it into a price, it makes sense. They're talking about this is for EV vehicles. They have a Samsung battery coming out. They're talking about charging, going from, you know, 45 minutes to an hour to go to about a nine or 10 minute charge. And they're going from 300 mile charge to a 600 mile charge.

Silver, it's a silver carbon battery. So, you know, all the things that people were talking about, EV and everything's happening. Listen, I love gas cars and I have a lot of gas cars. But I also think if gas prices start to hit eight, 10, 12 dollars a gallon, you know, having another vehicle there to offset some of those costs, you know, putter around your neighborhood.

And so you're not constantly filling up and having to keep going up and up. So this Samsung battery is very interesting. There's going to be a silver component in it.

So you've got to really look at silver as a silver option there. Globalgoldinvestments.com. Colin, great job. Thank you. Thank you. Thanks so much for listening, everybody. Email us, as always, freedom at CharlieKirk.com. Thanks so much for listening and God bless.
Whisper: medium.en / 2024-09-09 20:14:37 / 2024-09-09 20:30:33 / 16

Get The Truth Mobile App and Listen to your Favorite Station Anytime