(5/9/2025) | AUDIO CHAT 173 | SG Sits Down w/ Precious Metals Expert Kirk Elliott PhD: $USD Reset Officially Main-Stream News

➡ The Q News Patriot Rumble Channel recently discussed significant changes in the financial markets and economic systems, both domestically and globally. The conversation highlighted the impact of Trump’s tariffs on China and the retaliatory measures taken by China, including the dumping of US Treasuries. This has led to a decrease in the value of the US Dollar, which could potentially benefit US exports. Additionally, there are speculations about the US possibly using gold to back its currency, indicating a shift in the world economic system.
➡ The text discusses societal shifts, known as “turnings,” that occur roughly every 80 years, leading to significant changes in societal attitudes and behaviors. It suggests we are currently in a “fourth turning,” characterized by chaos, change, and a lack of trust in government. The text also argues that Trump’s presidency was a catalyst for change during this turning. Lastly, it discusses the potential irrelevance of central banking and the shift towards private, decentralized forms of currency like gold, silver, and cryptocurrency.
➡ The article discusses the impact of tariffs on the US and China, with the author arguing that these tariffs are beneficial for America. The author suggests that the tariffs are forcing companies to manufacture more in the US, and that the revenue from tariffs is helping to reduce the national debt. The author also believes that the tariffs are causing economic problems for China, which could lead to them making concessions in the trade war. However, the author warns that these changes could lead to turbulence and suggests investing in tangible assets like gold and silver.
➡ Trump’s economic strategies may cause short-term discomfort but are aimed at long-term benefits for America. To navigate this period, investing in tangible assets like gold and silver, which hold their value, is recommended. This investment is expected to be beneficial for the next five to ten years. It’s crucial to act wisely and confidently during this time, despite differing opinions in the media.

Foreign Patriots and Welcome to the 173rd audio chat on the Q News Patriot Rumble Channel series. I’m the Q News Patriot, joined today by Precious metals expert Dr. Kirk Elliott, Ph.D. my name is SG and on Patriots we have some seriously exciting developments coming out now in recent days with respect to the narrative and news regarding the financial markets and the changeovers happening inside economic systems both domestically and around the world. I’ve asked Dr. Kirk to come back and weigh in a little bit more quickly this time than our typical spacing between shows because some of those announcements include significant revelations about gold and the banking sector overall.

Dr. Kirk, thank you very much for coming back on Q News Patriot with a little bit of short notice. It’s my pleasure. Always happy to do so. Well, I just have to say, and I’m not going to keep the audience waiting out there. You know, we’ve got a couple of amazing headlines that have come out. As a matter of fact, the these coming from just today. The first from Fox Business titled In Gold We Trust, Ex Trump economic Advisor makes the case for a dollar Reset. Patriots out there can go to foxbusiness.com media and find this article.

A monetary economist and former Trump advisor, Judy Shelton, she was the lead advisor for the first Trump administration’s transition team inside the Treasury Department in 2017, and she’s very bullish on gold when it comes to a dependable US Dollar. At the same time that that’s occurring, we have an announcement Also, same day, May 9, 2025, developments in treasury market liquidity and funding. This announcement made by Roberto Perley, manager of the System Open Markets account at the 8th short term funding Markets Conference for the Federal Reserve board in Washington, D.C. where he said, and I quote, various measures of illiquidity in the treasury cash market rapidly neared or even exceeded the level seen from March 2023 during the banking sector stress episode while he was referencing what happened with Trump’s tariffs in early April.

That’s a big setup there, Dr. Kirk. Please take it away. Well, to me, none of this is a surprise. Actually shouldn’t be much of a surprise to your viewers and listeners either, because we’ve talked about some of these things. We’ve talked about the retaliatory nature of Trump’s tariffs coming from China and how Xi Jinping is not gonna lay down lightly on any of this. Right? Like most countries wanted, called Trump right away after Liberation Day and said, hey Trump, let’s negotiate. We don’t wanna lose access to the wealthy American consumer. Right? So their tariffs came down as they should.

Trump is a great negotiator. China, not the case. They kept doubling down and doubling down and doubling down and see, Xi Jinping is surrounded. If you were to use a military example, right, he’s got the. The opposing army completely surrounding him. There’s no way out. And he’s tried to get out his own way, but it’s not going to work, not against Trump. So. So when you think about it, sg, we’ve got. We’ve got tariffs on China and they’ve got retaliatory tariffs on American goods. So let’s ask one quick, simple question. How many Chinese citizens in China actually buy U.S.

goods? Maybe 4 to 6% of them. I mean, it’s not much. They’re China. They manufacture all their own stuff. How many Americans buy Chinese goods? Like, literally 100% of us, 100% of the time, right? We’re always buying, except from China. So a tariff on China is way more impactful than a Chinese retaliatory tariff on US So Xi knows that he can’t win the tariff war. So what does he have that he can actually fight with? Because you see, if. If he capitulates, he loses political favor, as he said over and over and over again. We’re never going to bow our knee to America.

You know, we’re Chinese. We’re proud, we’re going to win. And, but, so if he capitulates and actually goes negotiates with Trump on tariffs, he actually loses politically. Here’s the thing, he might not lose politically if he does that, but he kills the economy in China. The fact that there’s tariffs on Chinese goods and 100% of Americans buy Chinese goods all the time, that would kill the economy. So what’s he going to do? Is he gonna lose political favor? Is he gonna lose the economy? He still thinks that he might have some wiggle room to get out of this.

So what does he have? He’s got US Treasuries that he’s dumping, like, yesterday’s trash right there. And if you look at a chart of the US Dollar, it’s like somebody jumping off a cliff. And that’s what it looks like. It’s just like straight down about four or five days ago, we hit critical support levels. And I was talking then. It’s like, if we go past this, the dollar could sink even more. Sure enough, we went past it, right? And the dollar just keeps tanking because China and now many parts of the world are dumping US Treasuries.

Well, that’s their retaliatory move. This is where Trump doesn’t lose on that one either. I mean, Trump’s really smart the way he’s put this together. Because if we would have had Biden or Harris in office, or pretty much any president since Reagan that wasn’t bringing jobs back to America, that wasn’t going to bring manufacturing back to America, then a tanking of the US Dollar would have crushed us. Absolutely crushed us. But what does Trump want to do? He wants to make America great again. He wants to bring jobs back to America when we have a weak dollar and America’s manufacturing, a weak dollar makes our exports cheaper all over the world because in relative terms, the other countries currencies are worth more than a tanking US Dollar.

So it takes fewer of their currency to buy US Goods, which means they’re going to buy US goods. See, even if Xi starts dumping the US Treasuries like he’s doing, Trump still wins. It’s like truly, he’s completely surrounded. Right, so now you’ve got the dollar that’s tanking any former president, Biden or even Harris, God forbid, if she would have been in office, we would have lost already. We would have absolutely lost. But, but what is, what is Trump also now got up his sleeve, Right? And this is where the story that you led with is so interesting because the puzzle pieces are being put together, right? We’ve talked on the last show that we did how gold was leaving London, it was coming back home to roost, right? Trump is repatriating it.

They’re going to audit Fort Knox. Why? Why would they need to audit Fort Knox? Well, because they might need to use the gold for something. How about backing a currency? Right? See, things are changing. There’s this pendulum shifting moment and literally over the last week and a half, people have called me complaining, said, kurt, gold is outperforming silver this year. And you keep talking about silver. It’s like, yeah, for the last couple of months, gold has outperformed silver, but for the last three years, silver’s outperformed gold. Just be patient, just wait. Well, China’s not even buying silver gold anymore.

Like over the last week they haven’t. And people are thinking, is it over? Has gold lost its luster? Do they not want it anymore? Why? Well, mainstream media is not telling a story, even the simplest of stories, and that is China’s still very interested in gold. They were on holiday for a week. Their markets were closed. They couldn’t buy anything because the markets were closed. So two days ago, actually, sorry, three Days ago, China was off holiday. They resumed trading. Gold is up literally like $130 an ounce since then. Silver’s up well over a dollar since then.

See, they’ve resumed the massive buying of gold and silver because they’re off holiday. This tells us that the world economic system is changing. Right? There’s this pendulum shifting moment. Now, these comments that you led the show with tells us that Trump is completely aware of this. Right? And he wants the dollar to be strong. He wants to remain the world’s reserve currency while letting the dollar sink in value. Because if you keep the world’s reserve currency, there’s built in demand. If you weaken the dollar. Do not get this confused with a weak country. A weak currency doesn’t equal a weak country.

Weak currency just means what is it valued at relative to other currencies. And if it’s weak, we can export all over the world and our stuff is gonna be cheaper. If we had a strong dollar like we had during much of the Democrat administrations in office, I mean, you look back and it’s just, yeah, we had a strong dollar during those administrations. That means our exports are more expensive all over the world. Well, Trump thinks, well, okay, this is simple math. There’s way more people in the world than there are in America. So why don’t we have a weak dollar because we can export more.

I mean, to me, it’s just simple. It’s simple. But I understand. I just want to interject really quickly here, Dr. Kirk, because that’s a really interesting point that you have just made there. And we talk a lot on this platform about approaching things with a little bit of an irregular lens. I think Trump has done that really since day one, because he understands the game that these individuals at very high levels of power have been playing. So you just essentially stated there that this is a silent restructuring and re imagination of our system that’s now slowly being evidenced out into the public over time.

Is that fair? Yeah, I think it’s very fair. 100% fair. And this is a bigger. This is a bigger story. It’s a societal move that the Trump didn’t create. However, he happens to be a spark during the societal move that’s changing. So have you read SG the Fourth Turning by Neil Howe? I have not. Okay. It’s an amazing book. So it was written probably in the 90s would be my guess. Long, long time ago. Like 20, 30, 30 years ago. Well, in this book, Neil Howe’s a sociologist, he’s a demographer. He studies demographics. Right. And there’s there’s these shifts in society.

There’s four turnings in every gender, in every generation. So. And they all last quite some time. But, but they, these turnings from beginning to end take about 80 years, right? So, so let’s look at it. And because this is going to paint an amazing picture, and we’re at a fourth turning right now, which, a fourth turning societally is basically 360 degrees. It’s chaos, it’s change. It’s an abandonment of everything that you’ve known to hold near and dear to your heart. And people don’t want things anymore. They don’t trust the government. This is what happens about every 80 plus years, like clockwork.

It’s human nature. Why? Because of the generational impact when parents have kids. So, for example, you look at like 80 years ago, it was after World War too. You know, you had all these troops that went to war. They fought for our freedom. They came back and created the baby boomers, right? They came back and they had kids. But that generation that fought in the war, it’s like, we’re going to work hard, we’re going to put our life on the line. We are going to live with honor, right? That’s, that’s basically how you would personify that generation now.

Their kids, the baby boomers saw their parents that lived like that and they started to rebel a little bit, saying, well, boy, my parents are so dogmatic. They’re so judgmental. They, they work really hard. I don’t want to work that hard. Right? And so then what did that produce? That generation after the, after the people that fought in the war, this was like the, the free love, free sex, hippie movement, the Beatles, right? That’s where Bill Clinton came from. He came from that generation. So now it’s people in that generation that are leading the world now, right? So it’s like, okay, kind of a deviation from things that are good and true and noble and just right into.

Let’s just have free thinking, right? So then the kids of that generation see their parents that live like that, they think there’s no rules. What rules? Right. So, so now those are the kids that are kind of living apathetically through life right now. And then you get to a point where society with that leadership, with a younger generation that doesn’t seem to care, starts to just erode. And this is where we are. This is where we are right now. And that erosion will cause us to go back to the generation like the ones that fought in the war.

It’s like, enough is enough. This ideology that’s lasted for about 40 years has killed society, it’s killed our way of thinking, it’s killed our religious worldview, our political worldview, our personal worldview, everything, right? So you go back to what made America great again. This is where we are. Trump just happens to be the catalyst for change in America. So Neil Howe, the author of this book, was just interviewed a few days ago and he said he refers to these seasons of societal change as turnings. Like I just talked about, the fourth turning is a bust of its cycle.

It’s where the status quo falls apart and chaotically and it’s replaced by a brand new order. Aren’t we seeing that globally? Right, so this fourth turning isn’t just a US Centric thing. It’s actually a global fourth turning that’s happening. And so Trump in his first hundred days is taking charge during a fourth turning. It’s no wonder he got elected. People are just ready for it. People are ready for change. They’re ready. People don’t trust that non governmental organizations and international cooperation can actually fix things anymore. Like, you know, after, after 1980, when, when Reagan came in, the economy stunk after the Carter years.

I mean, it was awful. I mean, we had high unemployment, huge recession, the highest income tax bracket was like over 70%. 70. Right. And inflation was through the roof and interest rates went to 18%. It was awful. Right? So, so, you know, God rest his soul, President Carter died, you know, not too long ago. He may have been the only white guy clapping when, when Biden stunk it up so bad. Right, because he said, sweet, I’m not the worst economic president in the history of America anymore. Biden is. Right? So, so he lost that prize, but he stunk.

So what did Reagan do? Reagan brought us back to, we’re going to work hard, we’re going to lower interest rates, we’re going to create economic growth. And when you create economic growth and people are working and people are spending, your wages are going to keep up with the inflationary pressures. See you go to where we are today. This is why Trump and Jerome Powell are battling like, nonstop. In fact, Trump had literally the quote of the day yesterday when he was talking about Jerome Powell, and his quote was simply this. Too late. Jerome Powell is a fool who doesn’t have a clue.

Other than that I like him very much kind of a quote. Is that right? So why does Trump hate Powell? Because Powell is. To pretend that the Federal Reserve is apolitical and independent is a pipe dream. Powell did absolutely nothing during the Biden administration. Biden got away with whatever he wanted, but he’s fighting Trump tooth and nail. And I sort of get his dilemma. Sgi do. It’s like Trump has got these tariffs. It’s going to cause prices to go up because he has to unwind the hangover effect from Biden, which is the hangover effect from other previous presidents who have exported jobs overseas for 40 plus years.

And our factories are rusty. You know, you’ve got to retool them. You have to retrain our population to actually work in the factories, to bring manufacturing back to America. We’re not there. So in the meantime, we’re going to have inflation because tariffs will bring inflation. Because until people start buying American, which they really can’t, because you have to retool the factories first. Right. Well, then it’s going to end. So what Trump wants Powell to do is lower interest rates. He said stimulate the economy, get people working. When people are working, people will spend money and that will increase their wages and the wages will keep up with inflation.

But if you don’t do anything, you’re gonna create stagflation, which is an economy that’s dying while prices are going up. And that’s the worst of all political nightmares for politicians. But see, this is where Powell is actually exposing his political colors. He doesn’t like Trump. He wants Trump to be the guy that takes the blame for all of this. Right. When it’s not. Powell needs to actually probably lower interest rates. And I get it, it will bring higher inflation, but it’s actually going to stimulate the economy. Short term pain for long term gain. Short term pain for long term gain, absolutely.

But what is this telling us? What’s the bigger picture and how does this apply to this fourth turning? I think the world is now starting to see that central banking as we know it, even the Federal Reserve is irrelevant. Right. And so it’s like, well, they’re, they’re not independent, they’re truly not apolitical. They’re irrelevant. We don’t need them. Just like Congress decide the true fate of money. Right? And so people now globally are moving away. They’re getting out of the system is no really better way to put it. Right? So, so how do I know that? Because look at what’s happening with gold, look what’s happening with silver.

Let’s get what’s happening with cryptocurrency. They’re all going up. And by that it’s like people get out of something that they’ve known forever. Central bank money, fiat based money creation go into something that they view as private, decentralized blockchain. For example, if it’s crypto or gold and silver, that’s just a private metal that you take delivery of. So they’re moving away from the system. And so, so Trump moving away from the system of globalism that we’ve seen forever. I just saw this article on Bloomberg yesterday. The first ship came in from China at post tariffs. It was called the Violet.

So the Violet shows up at Long Beach Port and it’s got $540 million worth of stuff on it, right? That’s the retail price of all the stuff that’s on this cargo ship. Well, the tariff prices are 412 million. So basically Bloomberg is complaining and saying, look, these tariffs are going to be awful for Americans. The price just about doubled. But there was more than Chinese goods on this cargo ship. So all the other countries that are called Trump and negotiated said, we don’t want tariffs, what can we do? There was only $7 million of tariffs on all the stuff from the other countries.

It’s a drop in the bucket, right? So if I were Trump, here’s what I would say. I wouldn’t listen to Bloomberg. I would say, hey, America, if you don’t want to feed the beast, you don’t like the higher prices on Chinese goods, don’t buy Chinese goods. There’s 75 other countries that we’ve negotiated with already. In fact, he just made an amazing trade deal with the United Kingdom two days ago, or maybe it was yesterday. Time’s flying. But this is really good for America. So you can buy from other countries. And this is all that Trump’s saying is, I want an equal playing field.

I’m going to get China to capitulate. And if you don’t like the high prices on Chinese goods, then buy it from another country or buy American better yet. Right? So four or five days ago, the CEO of Ford has this interview and he’s bragging about how Trump’s tariffs actually changed things for Ford and that they opened up new manufacturing in Ohio and Tennessee. Like, why is he bragging about that? Ford’s an American company. Why aren’t they building in Ohio and Tennessee to begin with? Right? So this goes back to nafta, you know, and all these capitalists that love NAFTA and free trade.

And this is going to be great. And the North American Free Trade Agreement, this is going to let us compete with the European Union and the Eurozone. And no, NAFTA was the Worst multilateral trade agreement for America ever. It wasn’t about free trade. It was about building up Canada and Mexico and the US Came down. So all of these globalist things that Trump is trying to level the playing field on these, these bilateral multilateral trade agreements that are horrible for America, good for the rest of the world, which to me, that’s an equalizing, is the haves come down, the have nots come up, and you meet somewhere in the middle.

What I just explained, communism, Right? So, so that’s what the globalists want. The globalist, ultra wealthy bankers, business leaders profited from NAFTA ultimately, while most of America did not. Right? So Trump, so then the CEO of Ford saying, well, we still have a problem because of Trump’s tariffs, and that is component parts coming into America are still expensive, still gonna cost more to manufacture Ford cars. So again, if I were Trump, I’d say, okay, well then build the component pieces in America too, so we can avoid the tariffs. Right? So this ship that comes in that Bloomberg’s just bellyaching about how it’s gonna be so horrible for most of America, cause of the 500 plus million dollars, over 400 million is going to be impacted by tariffs.

That’s like doubling the price. Close to it. Here’s the thing. If I were Trump, I would say, thank you, Xi Jinping. We just got $412 million of tariff money. We just paid down our national debt by 412 million. Keep drawing a line in the sand and you’re going to keep paying our expenses. Right? But if they keep doing that, China’s going to tank. Already in the first quarter of this year, the top six banks in China, which are all state owned, lost $1 billion worth of revenue and earnings. A billion in the first quarter. And then yesterday comes out that over 60 banks in China are closing their doors.

So again, here’s where Trump is a stinking genius, right? As he’s attacking China economically when they were already hurting. The global economy has been sick for a while, so their earnings, it’s been coming down and down and down. Now he attacks him with the tariffs. Now Chinese banks all over the country are folding, and you’ve got financial stress and these fractures that are showing up in the system. And so what’s Trump doing? He’s doubling down. This is why Xi is ultimately going to capitulate. And Trump wins. He wins the trade war. He brings America back to prominence.

But in the meantime, we’ve got turbulence. And when there’s turbulence, you invest into tangible assets like Gold and silver, because that’s when they thrive the most. They’ve done good already, They’ve done great. I mean, gold’s at an all time high. Central banks are allocating into it because we’ve got this fourth Turning happening where it’s a pendulum has shifted where things as we know that we held sacred near dear to our heart, it’s going away. There’s a new order that’s coming. And Trump is actually just a piece of that. He wasn’t necessarily the catalyst, a facilitative agent.

He’s a facilitative agent. Exactly right. He happens to be almost like that. It was ordained to be. Right, right. He happened to be the President in charge when this fourth Turning was happening. I mean, that’s a societal thing. It happens every 80 years. You go through all these four cycles. Well, Trump doing it for America is waking up the rest of the world now. So it’s like, which comes first, the chicken or the egg? I’m not really sure. But time is right for a change. And we’ve been talking about this literally for a, a year, how we move C to Big Brother and, and unlimited knowledge of all transactions.

This is what central banking is all about in the digital world. Well, there’s a way out of that. Decentralized blockchain or tangible assets like gold and silver. It’s a way to get out of the system. And this is where globalism is now starting to shift to NASA nationalism. And I think that nationalism even shifts to, I don’t know what the right word would be. Individual sovereignty, maybe almost like even, even more than nationalism. People are going to start to take, take root of their life, of their spirituality into communities that are, that are smaller than a national economy.

It’s almost like a sovereign individual kind of a feeling. Right. And I think this is the trend that we’re going to. This is the societal shift that I think is happening. All I know is that when you look at a fourth Turning, it’s monumental at a magnitude that nobody ever thought possible. And this is where we are. How it ends up in a year or two, not exactly sure, but you can sure feel it. And sensitive. I apologize there for the audio delay, Dr. Kirk. We did have a small interruption there, but this sort of teased me up directly for my last question.

I hope the audience out there can bear with us a little bit with the connection because this is such a really important conversation. But my last question deals with pacing for the events that you just described. You know, President Trump essentially came into office in 2025, and pushed the pedal all of the way through the floor of the car and down onto the pavement to get this economic landscape and this financial situation at an international and a domestic level changed over and really away from the dock, so to speak, at a really rapid pace. And so we’ve seen, of course, the changes here domestically.

You talked about the big Chinese banks there a moment ago. Excuse me. We know that Russia and China recently discussed expanding their economic cooperation even further still with President Xi and President Putin in Moscow prior to this Victory Day parade. So my overall, overall question here is, what does this pacing mean? Are we, are we attempting to prevent the collapse of the international order and, and avoid starting a new world war in this process while changing over finance and business? No, I don’t think we’re trying to stop it. I think we’re trying to, because I don’t think stopping it is actually possible.

If you look at every fourth turning in history, it’s usually accompanied by a massive global conflict. It’s just what happens when people’s perceptions and ideologies change and you have a changing of the guard and there’s a new order that’s usually accompanied with military conflict of some sort. So if it’s going to happen, you better have a strong leader at the helm. And this is what we have with Trump. He’s not going to take no for an answer. If there’s negotiation that needs to be done, I trust him to do it. He’s the master of the art of the deal.

Look what he’s done with the tariffs. See, tariffs aren’t just about generating revenue for the country. That’s part of it. The other part of tariffs is they can be used as a negotiating tool. He needed to level this playing field. It’s hard to actually win a game when, when you’re playing against cheaters, right? You can be really, really good. But if you’re playing against cheaters, which is what the globalist agenda has created, an uneven playing field that’s better for the rest of the world, worse for America. This has been going on for decade after decade after decade after decade.

And this is why there’s a little bit of pain when you’re pruning this tree. Just like any good gardener would know, to get a healthy flower, you got to prune it, you got to take off the dead branches so the ones that are left get more water. Right? This is what Trump is doing in creating something amazing for our economy. But it will come with short term pain to actually achieve the long term gain. So how do you navigate through that successfully, knowing that there’s going to be some gain? Well, you go into what I would say, a tangible asset that’s real, that’s solid, that always holds its value, never goes to zero.

Right. And in times of chaos and turbulence, it does better than anything else. And this is gold and silver. It’s a flight for quality type of investment. Not saying it’s going to be the best investment for the rest of your life, saying it’s going to be the best investment probably for the next five to 10 years. At some point things turn around. But in the meantime, if you don’t acquire capital during this chapter, you’re not going to have any. When the chapter page, you know, when it turns out. This is why it’s so important to act with confidence and boldness and wisdom and discernment right now.

Because not every voice out there is a good one. Right. If you listen to mainstream media, they think Trump’s bad, they think tariffs are awful. They’re not. They’re actually good for America. They’re bad for the rest of the world. They’re good for America. What a powerful discussion, Dr. Kirk. Every time we come on air, it’s like I learned something new and I appreciate it very much. How can patriots reach out potentially get a little bit of guidance, support, have their questions answered in this area if they would like to? Yeah. So two ways. Just call us 720-605-3900 just say SG sent you or you can go to the link that you have, which is Kepm, like Kirk Elliot precious metals.

So kepm.comsg fantastic as always. Your time is appreciated for the audience out there. If you’d like to learn a little bit more, you can navigate to the links in the description box below the video or reach out personally yourself. This is SG and on. I’ll be back with each and every one of you again soon on the Q News Patriot Rumble. God bless everybody. Stay safe today. Thanks. Bye bye.
[tr:tra].