Why Aging Demographics Point to Persistent Inflation

In this appearance on the Flyover Conservatives podcast, Dr. Kirk Elliott takes a long view of the demographic pressures facing the global economy. He explains how a retiring baby boomer generation, fertility rates below replacement across the United States and much of the industrialized world, and AI replacing entry-level jobs leave fewer workers paying into entitlement programs as more people draw from them, and he points to France's retirement-age changes as an example of the austerity measures governments turn to. He discusses why he sees the Treasury's expanded bond-buying operations as inflationary and at odds with the Federal Reserve's mandate under Kevin Warsh, and why he believes inflation and geopolitical conflict matter more for gold and silver than interest rates. He also reflects on generosity and the church's role in caring for those in need, frames physical metals as assets investors may want to consider, and invites viewers to schedule a consultation with the KEPM team.