February 20, 2025 • 63 mins
What if the stability of our global economy hinged on the mysterious vaults of Fort Knox? Join us as we navigate the turbulent waters of the precious metals market, where the prices of gold and silver are skyrocketing amidst geopolitical chaos. Broadcasting from the lively city of Acapulco during Anarchapulco, we dissect the recent election outcomes and their repercussions. With vaults in London being depleted and transparency issues surrounding U.S. gold reserves, we uncover the intricate web of economic nationalism, trade deficits, and manufacturing decline in America. Elon Musk's interest in these developments adds another layer of intrigue, as we question the very foundations of our monetary system.
We embark on a historical journey into the world of U.S. gold reserves, revisiting critical decisions like FDR's controversial 1933 executive order. This chapter of history has left a legacy laden with secrecy and speculation about the current state of Fort Knox's reserves. As debates rage over the Federal Reserve's control and its constitutional implications, we ponder the potential fallout of discrepancies in gold holdings. Could undiscovered truths about America's gold reserves trigger political and economic upheaval? With over 8,100 tons said to be stored, the allure of gold continues to captivate and concern financial leaders worldwide.
Our conversation takes a dynamic turn as we explore the potential revaluation of gold and the possible introduction of a Bitcoin Strategic Reserve. Larry Fink's bold predictions for Bitcoin's future invite speculation about the interplay between digital and traditional assets. In a world where Trump labels Zelensky a dictator and Oliver Anthony speaks to the societal challenges of modern digital life, we scrutinize the complex relationships shaping our global landscape. From historical political dynamics to the voices calling for rural revival, this episode promises a thought-provoking exploration of the factors reshaping our world. Tune in for an insightful dialogue that seeks clarity amid today's economic uncertainties.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
It's 11.59 at Radio Free America and this is Uncle
Sam, with music and the truthuntil dawn.
Right now, I've got a few wordsfor some of our brothers and
sisters in the occupied zone.
The chair is against the wall.
The chair is against the wall.
John has a long mustache.
John has a long mustache.
It's 12 o'clock, americans,another day closer to victory,
(00:22):
and for all of you out there onor behind the lines, this is
your song.
Speaker 3 (00:34):
veteran of three foreign wars, entrepreneur and
warrior poet tony arterburntakes on the issues facing our
country, civilization and planet.
Speaker 2 (01:30):
This is the Arterburn Radio Transmission.
Well, it's episode 499.
I wasn't going to miss today.
I had to go through my archivesto find one of the really old
intros from the Arterburn Radiotransmission going back to 2021.
Because I don't have my normalfiles and audio uploaded here.
(01:51):
I'm in Acapulco, mexico, forAnarchapulco.
I spoke yesterday following JeffBerwick, on Crypto Day and I'll
get into a little bit of what Italked about.
And I'm giving two differenttalks here.
One, again on Saturday, isgoing to cover gold and humanity
and the Great Reset kind of anhistorical dive.
(02:13):
But I went into the chaosreally yesterday.
This unexpected, these blackswan events that are happening
rapidly throughout the financialsystem, dealing with
commodities gold supply, silversupply.
We'll get into a little bit ofthat, but it is the 20th of
(02:33):
February 2025.
Again, I am in Mexico today.
If you're watching the videostream behind me, you can see
the Pacific Ocean and the Sea ofCortez Beautiful out here.
This is my second year in a rowto be at Anarchapulco.
Great folks, lots of goodconversation, liberty-minded
(02:54):
people.
Last year was tough and wefound a better way to be able to
do the shows.
I was on a podcast yesterdayand I was able to do the David
Knight show today.
So anyway, I hope all of youare doing well.
(03:14):
We're going to jump into someissues here.
I know it's harder for me tohave multiple tabs opened up on
the laptop with the Wi-Fi, butI'm going to do the best I can.
We've got some good stuff today.
Going back to the consequence ofthe election outcome on
(03:36):
November 5th, the fundamentalsfor the gold breaking its
all-time high, for silverbreaking its all-time high for
silver breaking its all-timegoing into close to record highs
the last year All thosefundamentals are still there,
regardless of what happened onNovember 5th.
However, that, plus the chaosand the uncertainty, the
(04:02):
geopolitical uncertainty aboutthe global order of things, the
financial system, that is thrownin a completely different set
of variables, even the audit,the supposed audit, or now that
Fort Knox has come under theattention of Elon Musk and Doge,
(04:24):
I'm going to get into a littlebit of that too today, because
that's a variable that couldcause a massive avalanche of
unintended consequences becausewe haven't audited Fort Knox for
over 70 years.
Business and gold bugs andsilver bugs We've been talking
about this forever, except Ididn't know that the senators
(04:50):
like Rand Paul and Mike Lee hadbeen asking to get in for over
10 years.
I know Ron Paul had talkedabout it, but I didn't know that
senator-level oversight.
Even Rand Paul being in hishome state, he couldn't get in.
So there's something wrongthere that is adding to the
unknown and the uncertainty.
(05:12):
Then you look at headlines likethe London bullion houses or the
London exchange for gold andsilver.
Their vaults are being clearedout right now from
multinationals and bankingentities moving from London to
the United States andrepatriating gold and silver.
(05:33):
12.5 million ounces of gold, 40million ounces of silver have
been moved.
This is going to cause, and iscausing, supply shock.
Swiss maker of gold and silverbars, arbor Herrarius, has put
(05:53):
extra premiums on and stoppedthe future sales of physical
gold bars.
South Korea stopped trading inphysical gold bars.
They halted that a couple ofweeks ago, as I've spoken about
that, and other bullion houseshave done the same thing.
This is because there's a hugedisparity and, I think,
(06:14):
criminality behind the papermarkets versus the physical
markets, and what you have tounderstand is that this has gone
on since the 1970s after reallythe Hunt family in Texas
exposed the weakness in thesilver market.
Silver is one of the.
We're going to talk about thattoday too, because that's how I
(06:36):
finished with my talk yesterdayhere in Mexico is that the
disparity that has long sincebeen under the eye of gold bugs
and people in the financialmarket who understand about the
physical supply versus the papersupply and ETFs.
We've long since said there's aproblem.
(06:57):
No one really knew what theissues were going to be in the
short run, and especially nowthat we're in the thick of
things.
No one knew what it was goingto be.
Was the catalyst?
I thought it would bede-dollarization over a long
period of time, countrieswanting to get out of the dollar
getting into gold and thenasking for their gold, or
(07:19):
companies like JP Morgan justdid a $4 billion move for
physical gold for their clients.
I thought it would be somethinglike that, asking for delivery
over the long haul.
But no, it's the black swanevent, folks.
It's the unexpected, unintendedconsequences of tariffs.
(07:41):
If you know me, I'm a huge fanof tariffs.
I like tariffs if used for thepurpose of economic nationalism
and that's kind of like the samemodern monetary theory or
(08:07):
Keynesian economics.
It all goes hand in hand.
The two parties togethersupported NAFTA.
They supported GATT, theGeneral Agreement on Trade and
Tariffs.
They supported the Chinesecoming in to the WTO.
They supported all that becausefree trade is a god to them.
They worship it and that's ledto these massive trade deficits.
It's led to the hollowing outof American manufacturing.
(08:30):
It's led to the transfer oftechnology and sustainability,
sovereignty all the stuff thatwas by design and planned and
shipped off.
Except when Trump comes back onthe scene here at the second
term number 47, he's talkingabout putting tariffs on
(08:55):
countries, the BRICS nations,who don't comply with dollar
hegemony.
Putting 100% tariffs on thosenations that don't use the
dollar or try to dump the dollaror issue a competing currency
against the dollar.
Well, those nations aren'tgoing to do that.
They're not going to issue, inmy opinion, they're not issuing
a common BRICS currency.
What they're doing is they'reremonetizing all of their
(09:16):
existing currencies against whattruly is the world's reserve
currency now and it has alwaysbeen, except for this experiment
we've been in since 1971.
The dollar, I believe, is nolonger the world's reserve
currency.
I think gold is.
If you look at the holdings ofcentral banks around the world,
(09:38):
gold just supplanted the euro asnumber two in holdings.
That's because of what happenedwith the Bank of International
Settlements back in 2021, whengold was taken from a tier three
asset to a tier one asset.
The central banks are holdinggold now and that's just
(09:58):
supplanted the Euro as numbertwo and the number one is the US
dollar.
But I think that's onlytemporary.
As I said yesterday, I thinkit's a shadow of itself.
It's a shadow of a shadow andwe're watching de-dollarization
happen and that's why a lot ofthese things are, I think,
moving at a faster pace thaneven I had expected.
(10:19):
The tariffs certainly caused anacceleration, but we're looking
at the sovereign wealth fund.
There's an executive order byDonald Trump for the sovereign
wealth fund of the United States.
It's using the resources gold,petroleum, coal I'm assuming,
(10:41):
timber, whatever they're using.
There's sovereign wealth fundsbased on the balance sheet and
that's what's being created.
That's the race that the rest ofthe world has been in for a
long time, and we've just beenaround weaponizing the dollar,
putting sanctions on people,losing dollar market share.
Yesterday I spoke about look atthe metrics of 2001,.
But look at the metrics of2001,.
(11:03):
75% of all financialtransactions in the world went
on in dollars and by 2024, it'sdown to the low 40% range.
It's really dropping sharplyafter we put sanctions on Russia
in 2022 and they bounced back.
We didn't.
(11:24):
We didn't bounce back, we justkept losing more and more market
share that's something calledmoney velocity, folks and we're
losing that, and so that's whythere's a race right now for
commodities.
All right, I'm going to go tothe chat too, but I want to jump
into first story of the day.
By the way, I found somethingreally cool that Oliver Anthony
(11:52):
did a talk this last couple ofdays about AI and I want to play
that clip.
I'll read some of the article,but it's like seven minutes, but
he does such a great jobtalking about.
You know, technology can be adouble-edged sword.
I mean, we've grown up in theinternet age and often and I'll
(12:16):
get into this, but I oftenremember something my
grandfather told me about.
He was an entrepreneur and haddone all of me, been a
wildcatter and drilled for oil,he'd sold televisions, he'd done
everything.
I mean, he was.
I think.
At his funeral I called him anold school man of the world,
kind of referencing Guy Clark.
(12:37):
But we look at that and we lookat all the technology that we
have, and he had me look at thatin 2005.
And he said you know, back inthe 70s, we just got more done.
He goes because he had emails,he had a cell phone, he had all
that.
He said all the technology, allthe fax machines, we didn't
have that.
We had a.
You know, you could have ananswering service at best, you
(12:58):
know, and somebody would leave amessage.
And we just got more done.
I'm beginning to suspect that'show it's working.
Now we're running up againstsomething that's totally new and
that's AI, about the Fort Knox.
This could be huge news and Ithink I've seen this movie
before.
I was recalling today talkingto David and yesterday somebody
(13:35):
was talking to me about the plotto Die Hard 3.
That came up yesterday aboutlooting the Federal Reserve and
doing a head fake of the goldand blowing it up.
It didn't make much sense inthe 90s.
The dollar was pretty stableeven though it was fake.
But you know we've done apretty good job keeping people
in the markets and inflation was, you know, moderately under
(13:57):
control.
It wasn't like now.
They used to even believe it ornot.
Folks, they used to havedebates on fiscal responsibility
in the United States of America.
All right, so let's get intothis article.
This is Kitco.
Elon Musk cast doubt on $425billion US gold reserved at Fort
(14:21):
Knox ahead of a personal Dogeaudit.
Gold reserved at Fort Knoxahead of a personal Doge audit.
Fresh off his recent foraysinto the Treasury Department's
payment system, tech billionaireElon Musk is now gearing up to
conduct an in-person audit ofthe United States gold reserves
at Fort Knox on behalf of theDepartment of Government
Efficiency.
He put out a tweet that has theSouth Park guy that says and
(14:47):
it's gone.
Republican Senator Rand Paul ofKentucky, the state where Fort
Knox is located, said in aninterview with Fox News on
Monday that he invited Musk toreview the gold reserve after
failing to gain access to thefacility for a decade.
The gold reserve after failingto gain access to the facility
(15:09):
for a decade.
I quote I think some of themmay not think it needs to be
audited at all, but I think themore sunlight the better, the
more transparency the better,paul said.
The senator also insisted thateven though the US dollar hasn't
been explicitly backed by goldfor 50 years, the precious metal
still provides some of thevalue undergirding the greenback
(15:29):
.
It brings attention to the factthat gold still has value, and
implicitly not implicitly, butgold still gives the value to
the dollar, paul said.
That's why we don't get rid ofit.
We've got it.
The IMF has it, the World Bankhas it, most of the central
banks around IMF has it, theWorld Bank has it.
Most of the central banksaround the world have gold.
It's an implicit trust that thedollar still has some backing.
(15:51):
Well, he's absolutely rightabout that and we're going to
some numbers here in case youdidn't know and this is
supposedly right we have 70years no audit of the gold at
Fort Knox, and I'll give yousome more history.
This is the side history, thisis alternative history that you
(16:12):
get into in my line of work.
What you find is let's go backto 1933 when FDR signs his
executive order and says youturn in your gold.
It wasn't necessarily goldconfiscation, but they just made
it illegal for you to quotehoard gold.
So FDR signs his executiveorder, people start turning in
(16:35):
their $20 gold pieces, their $10gold pieces, which $20 is
basically an ounce.
$10 is about a half an ounce,then the $5, which is like a
quarter, and the $2.50, you gotthe Indians and the Liberty Gold
coins and people start turningin their gold.
Well, after this big turn-inhappens and they stop all the
(16:56):
coinage at the US Mint and getall of that.
A big portion of that is melteddown.
And that gold, you wonder, didit go to Fort Knox?
Is that part of our goldreserves?
No, a big portion of that, andthat was the plan all along was
to go to the Bank ofInternational Settlements in
Basel, switzerland.
And you might ask what is theBIS?
(17:17):
It was started after World WarI, by the way.
But what does the BIS have todo with the United States?
Well, it's because the FederalReserve is not owned by you.
It's an international bankingconsortium, it's a private
corporation that controls themoney supply of the United
States.
And so they wanted their gold.
They gave the American peoplepaper notes in exchange for
(17:42):
their gold at $20 an ounce.
And when all of that gold wasturned in, franklin Roosevelt,
along with his handler HarryHopkins, who lived in the White
House, by the way, that wasHarry Hopkins, was much like
Colonel Mandel House, who livedin the White House with Woodrow
Wilson.
See, history doesn't repeatitself, but it rhymes.
And Harry Hopkins was one ofthose people that was overseeing
(18:05):
that the gold from $20 an ounceto $35 an ounce, and then
reallocated the actual gold,which is money to the Bank of
International Settlements, andso those of us who study history
in regards to the monetarysystem and gold have often
wondered how much gold does theUnited States have?
(18:25):
Well, this article continues,it says, with over 8,100 tons at
the end of 2024, according tothe World Gold Council.
This is the World Gold Council.
This is how much they think theUnited States has.
The United States has far andaway the world's largest gold
reserve.
That should have an asterisknext to it too, because we don't
(18:45):
really know about China.
The lion's share of the nation'sbullion is stored at the
108,955-acre Fort Knox complex,with the balance kept in the
Federal Reserve Bank of New York, and that's where you get into
the movie Die Hard 3, right,paul said he's been trying to
make sure it's all there forover 10 years, without success.
(19:08):
He received permission to enterFort Knox in 2017, during the
first Trump administration, butthe timing of the trip didn't
work out.
Instead, then-treasurarySecretary Steve Mnuchin and
Senator Mitch McConnell, theturtle, visited the vaults
without him and returnedclaiming the gold was present.
There's two people that I don'ttrust, and how would they know?
(19:32):
You got to send a gold personthere, somebody.
I mean, you could just put somebars out.
They don't know the difference.
I didn't go down, but theSecretary of the Treasury and
the senior senator from Kentuckydid go down and attest that
they believe they saw the golddown there.
Well, folks, there's a hugedifference between seeing what
(19:56):
you believe is gold bullion andhaving an actual audit.
Okay, I mean the amount of fakegold I've seen in my lifetime
and people that unfortunatelyand really tragically believe
that they have gold.
I've seen older people thathave got scammed and they lay
(20:17):
stuff out on my counter and Idon't even have to touch it but
I can tell that it's fake.
But there's really good fakes.
I mean you'd have to have, youneed like an independent
committee with a diverse panelof people to actually do that
audit.
It's not something that's evenvisibly that doesn't lend that
(20:41):
much credence at all.
I mean it doesn't cost thatmuch just to have some fake
there.
And you know this is I think Idon't know if this would even
come up.
By the way, and this is one ofthe consequences of elections.
Have consequences is something.
The chaos that's built intothis.
(21:01):
I said all the fundamentalsdrove gold up to break its
all-time high 30-something oddtimes in the last year are still
there, plus all of this, and sowe're in uncharted waters.
All the fundamentals plus thechaos, and then the shock of
what could be a major scandal.
(21:22):
Let's hope that it's there andeverything's stable, because
it'll cause a lot of pain Ifthere's something inherently
wrong with the gold supply.
But while we're at it, let's golook at the Federal Reserve.
Let's go look at this privateinstitution that holds the
wealth of the US.
(21:42):
Who gave them that power?
Well, they took it themselves.
By the way, it's not evenconstitutional.
They shouldn't have that.
The Constitution clearly statesthat only Congress can coin
money, and it has to be gold andsilver specie.
And it doesn't say that aninternational banking consortium
(22:03):
of globalists control yourmoney supply.
Mike Lee says here as a senator,I've tried repeatedly to get
into Fort Knox.
And it says Fort Knox, youcan't come to Fort Knox.
And he says me why?
Fort Knox, it's a militaryinstallation Me, I'm a senator,
I go to military bases all thetime.
Fort Knox, you still can't comebecause you can't.
(22:24):
Elon Musk says it would be coolto do a live video walkthrough
of Fort Knox.
Well, if you really dig downdeep into the underpinnings of
what makes global powerstructures function, what you'll
(22:47):
find is that these nations,they guard their gold and their
gold holdings are more secretivethan their nuclear weapons.
And I often wondered you know,at some level, at some point,
the cards have to go back on thetable and we've been running
(23:10):
this free-floating fiat currencyexperiment since August 15,
1971.
Currency experiment sinceAugust 15th 1971.
And that was really just theofficial departure from the gold
standard.
As I've said for many, manyshows, for many years that if
you go back and you look at the1960s, we took the silver out of
(23:34):
our coinage, starting in 1965.
And that was a subtle tip ofthe hat, if you will, to the
rest of the world that we hadexpanded our money supply, that
we were not going to back it andwe were paying for guns and
butter in Vietnam.
They called it Lyndon Johnson,called it the Great Society.
(23:56):
On the Mekong, we had the spacerace, we had the Cold War.
We expanded the money supplyand we start by debasing our
coins.
That's what the Romans did.
All great nations rise on soundmoney and economic nationalism
and they decline on fiatcurrency and free trade.
I don't make the rules, it'sjust how it works and so that's
(24:18):
what we did, and the rest of theworld took notice.
You had economist Robert Triffinthrown into the mix at that
time, testifying before Congress.
There's something calledTriffin's Dilemma, which I think
we're about to find out.
What Triffin's Dilemma is allabout, which is, if you are the
(24:39):
world's reserve currency andyou've stocked all these central
banks around the globe withyour currency and that currency
gets repatriated back to itshome economy, how does that not
cause massive devaluation andhyperinflation?
How do you run the world'sreserve currency and then
(25:02):
suddenly you don't without acurrency collapse?
Well, you just have a currencycollapse.
That's what you would have.
The US Treasury holds theworld's largest gold stockpile
of 8,100 tons, but the value ofthe gold hasn't changed since
1972, when the price was set at$42 an ounce.
Now this is important.
(25:23):
What you'll find is that after71, the central banks they did
the same thing.
It was 1972-73 that they haltedthe price of gold on most
balance sheets at that spotprice of $42 an ounce, and so
(25:44):
that's been held, especially thegold that was before 1973, held
on the balance sheet at aboutthat.
So a revaluation would resetthese other currencies a lot
easier than we have it.
We've got the amount of debt,the amount of obligations that
the US has.
(26:04):
It doesn't touch it.
As a matter of fact, someanalysts have noted that if the
government revalued its goldreserves at current prices,
which are above $2,900 an ounce,it could add more than $760
billion to the TreasuryDepartment's coffers.
Well, okay, that's good,because that would be $760
(26:25):
billion in actual value.
But if you listen to my show,you understand that since 2023
or so or the last quarter goinginto 24, we add a trillion
dollars in debt to the balancesheet every 90 days.
(26:46):
Speculation surrounding the USgovernment's gold hoard started
to ramp up earlier this monthafter newly minted Treasury
Secretary Scott Besant said thathe would monetize the asset
side of the US balance sheet.
However, on February 13th,bloomberg reported that an
unnamed source said that hisidea was not quote under serious
(27:09):
consideration among PresidentDonald Trump's top economic
advisors.
Some market analysts have alsosuggested this might not be the
best way for the government toimprove its balance sheet.
Well, yeah, when you trafficand fake, this is going to be
the fight.
(27:31):
That have so much dependence onthe Fed monetizing their
businesses, their holdings,access to cheap liquidity and
debt that to tie anything tohave any sort of fixed value is
going to destroy the currentfiat models.
(27:53):
That's how insidious thingshave become models.
That's how insidious thingshave become.
Making this gold to market$3,000 an ounce proves the asset
liability ratio of the Fed, butit only gets into the
neighborhood of major US bankslike Goldman Sachs.
He said the US Federal Reservehas a 12 to 1 asset liability
ratio.
(28:13):
With revalued gold, every $1 ofassets has $12 of liabilities.
Major US banks have 11 to1asset liability ratio.
The US Federal Reserve has a179 to 1 asset liability ratio.
With $42 gold, every $1 ofassets has $179 of liabilities.
(28:36):
This is the upside down.
Nikki Shields, head of theresearch and metal strategy at
MKS PAMP, said in a note onThursday that funds generated
would be a drop in the bucket,as US debt is north of $36
trillion.
While this remains ahypothetical debate, shields
(28:58):
also said it's unclear whetherthis would be bullish or bearish
for gold.
However, she did highlight somerisk, as this would be a
one-off boost for the TreasuryDepartment.
A second risk is that therevaluation would come as gold
prices are trading near all-timehighs.
This is not the first schemeinvolving the government's gold
(29:20):
holdings that potential Trumpadvisers have floated in the
news, stephen Moran, trump'snominee to lead the White House
Council of Economic Advisers,has suggested the US government
could sell its gold and use theproceeds to buy other currencies
.
That's not a good idea.
This would weaken the US dollar, giving the nation a trade
(29:44):
advantage Still not a good idea.
Folks, where we're headed.
If you actually are payingattention, if you look at the
amount of gold buying by centralbanks, which is unprecedented
as I said yesterday in my talk,in 2009, the gold buying by
central banks wasn't zero, butit was almost zero and if you go
(30:09):
, look at the chart and then itstarts to go up and to the right
up and to the right up and tothe right and it continues and
they continue to break records.
The reason is is what I alludedto earlier Gold, because this
is the yesterday I put into mysearch engine before I went on.
I just wanted to ask the AI aquick question.
(30:31):
And that is what's the end ofGresham's Law?
So you look at Gresham's Lawand that's the theory.
Really, it's a law.
It's not really a theory.
It's when bad money enters asystem, good money goes into
hiding, and I've always saiduntil it doesn't, because
(30:55):
something always happens to badmoney, it goes to zero or it has
a crash or it's no longertrusted, and that's the key.
So on the other side ofGresham's Law, good money goes
back into the system, becausebad money dies Human history.
Further and further you go back.
Gold has always been a part ofour story, even John Maynard
(31:21):
Keynes.
That's where you get Keynesianeconomics.
That's where you get the reallyinsane theory.
That's a theory, the insanetheory that if you use
government stimulus and spending, that you can balance the
economy by just creating moneyout of thin air.
(31:42):
It's also known as the modernmonetary theory or, as David
Knight calls it, the magic moneytree.
Well, that's ridiculous on somany levels.
And then you look at some ofthe stats that I've found over
the years and I was reading anarticle today governments have
created about $150 trillion innew currency, but it only goosed
(32:07):
their economies by about $46trillion, so the return on
investment is awful right.
So Keynes had that theorypost-World War II and he called
gold a barbarous relic.
But he was an economist andwhen he was speaking about our
ancient history, even Keynesrecognized that without gold,
(32:29):
like the ancient Babylonians orthe cradle of civilization,
mesopotamia, sumer itself,cradle of civilization,
mesopotamia, sumer itself.
They wouldn't have had acoherent trade or coherent
economy, or maybe even survivedthrough as many centuries as
they did, without a stable meansof trade, which was gold.
(32:51):
Even Keynes recognized that.
I want to see about anythingless than this article we can go
into.
Selling the US gold reserveswould also impact the reserves
of emerging market central banksthat have been accumulating the
precious metal at record ratesfor the last three years.
(33:13):
Well, that's interesting, isn'tit?
Selling the US gold reserveswould also impact the reserves
of emerging market central banks.
Yeah, it would flood the market, it would devalue them.
So this is a we are in a veryinteresting spot.
There's those that believe thatwe're going to remonetize our
(33:36):
own currency and back it by gold, and then you have those who
believe that there's going to bea Bitcoin strategic reserve, a
BSR.
There's many in the politicalsphere that want to do that and
sell the gold to buy Bitcoin andsell the gold to buy Bitcoin.
I find this interesting.
(33:57):
I'd also have you pay attentionto some of the comments from
Larry Fink recently fromBlackRock, when he was over at
the World Economic Forum inDavos and he said that there
would be $700,000 Bitcoin.
I don't think he's ever given aprice prediction model before.
But if you do the math,$700,000 Bitcoin, that is on
(34:21):
parity with the market cap ofgold.
So if Bitcoin trades at$700,000, then that is the $16
or so $17 trillion market capthat would rival gold.
So I'm not saying I know whatthat means, but to me that's all
language and something youshould pay attention to.
The West has been at war withgold for a long time, folks
(34:43):
Since 1971, because gold wentfrom $35 an ounce to $800 an
ounce in the 70s.
And after that you had theconcerted effort between central
banks, primarily the FederalReserve in the West, to work
with the paper markets andbullion houses to suppress the
(35:05):
price of gold.
As a matter of fact, the Huntfamily of Texas.
They bought physical silver andthey were buying massive
quantities, just ordering, usingtheir oil holdings and their
wealth to corner the silvermarket.
And so other people did thesame thing.
(35:25):
They started buying up,speculating on physical silver
and it exposed a real problemwith the dollar because it drove
it to $52.50 an ounce in 1980.
And $52.50 in 1980 is like $300today in purchasing power and
that still is, by the way, 45years on, still the all-time
(35:46):
high for silver.
Since that time there's been agreat effort and, side note, the
Hunt family was deep-stated fortheir trouble and bankrupted
Not completely, because I told astory yesterday of how, as a
young real estate broker, I solda three-acre track to the Hunt
family and how strange it was.
When I was about 25, 26, my dadsold a piece of property.
(36:10):
I went to go close it and theyhad a private title company in
Fort Worth and nobody else wasin there.
And they just have somebodybrings in the paperwork and you
sign it and nobody's in thisoffice.
I don't know, it was one of theweirdest things that I've ever
seen.
But they still have a greatamount of wealth.
But they were put through thewringer and never again.
(36:30):
Nobody ever touched that again.
By the way, nobody ever saidI'm going to corner the silver
market.
Warren Buffett did some moveswith silver, but mostly through
paper in the 1990s and thenabandoned it, because if you do
that, you expose somethingfundamentally wrong with our
currency system.
(36:52):
All right, I'm going to go tothe chat and check on everybody.
This is always fun.
I, like you, know making surethat we put these shows up.
I want to keep it consistentbecause I have so many great
people that message me andinteract with me through the
shows and wonder what happens ifI don't put one up.
And so, even if I'm on a, thisis very much a working vacation
(37:16):
being in Mexico, but I want tomake sure I still get a
transmission out regardless.
Let me take this off the screenand I'm going to go talk to the
chat really quick.
Thanks everybody for being here.
By the way, let's go to Rockfin.
Over on Rockfin on the AmericaUnplugged channel, it's really
kind of hard for me to see.
(37:37):
If you look behind me, you cansee the Pacific Ocean.
The sun's coming in.
It's a little bit hazy on myscreen but I see Jason Barker's
there.
The was that Tickhan Bennett.
Okay, that's good to see you,karen Carpenter, and we've got
Guard.
Goldsmith says go, tony, I'vegot to, we've got to do a show.
(38:24):
Guard, I was actually talkingabout you.
The other night I was heremeeting and had a great time
visiting with Gareth Ike and hislovely wife.
They were just wonderful people.
They're here at the resort andwe spent the last couple of days
talking and I brought you up,guard, somebody that needs to go
on Gare's show if you haven'talready I see.
Oh, and Melissa's in the chattoo.
Yeah, melissa's also here withme.
It's good to see all of youguys.
And then I've got the channelup on Rumble.
Oh, hold on, let me pause thisreal quick.
(38:48):
This is pretty good.
Birdhouse Blue says if Dogeselects Geraldo Rivera to
inspect the vault, I'm going tobe a little bit skeptical.
That's a good classicalreference there.
Birdhouse Blues, if many peopledon't remember, geraldo Rivera,
had this huge show where he'sgoing to reveal what was in Al
(39:13):
Capone's vault.
Back in that Was that the 80s, Ithink.
Um Harp says uh, tony, Ithought it was against the law
to take guns in New Mexico andyou took two.
Well, thank you know.
There's no gym here, so I'vebeen, um, I've been every day.
(39:34):
I get up and I've been doing,uh, knuckle push-ups.
I've been doing some Hindusquats and I do a.
I get up and I've been doingknuckle push-ups.
I've been doing some Hindusquats and I do a little bit of
abs and I just do that.
If I do that every day, then Iwon't turn into what did Rocky
say in Rocky IV?
He's telling Apollo Creed whenthey're watching their old fight
footage, and he was like thatain't us anymore, apollo.
(39:55):
We're turning into regularpeople.
So I'm try not to turn into I.
By the way, you it as I getolder and I, you know, I still
go to the gym and it's just notlike it used to be as I I.
It hurts, you, you know, andyou're like you gotta, how bad
do you want it?
You know you're in good shape,well thanks, you know it really
(40:16):
hurts, like even uh, beingoutside of the the gym and even
just doing like everything hurts.
But hey, uh, I'd rather do thatand hurt than uh, than turn
into, as rocky said, regularpeople.
Uh, burnhouse blue says thanksa lot, richard n.
Yeah, nixon didn't have a lot ofchoice.
(40:37):
We had run into a real probleminflating the money supply, the
liabilities, the height of theCold War, and the other
countries wanted that gold andwe said no, because we don't
have it If you come to, andthat's how you stop the run on
(40:59):
the dollar at that point.
But the problem is, instead ofhaving a real conversation about
fiscal responsibilities andcutting things and growing the
economy, we went on the fiatexperiment and we're about to
reach the end of that experiment.
All right, and we'll do alittle foreign policy real quick
(41:19):
.
And then I want to end talkingabout this.
I'm going to play Oliver Anthony, who had a great talk on AI and
technology and just what'shappening to humanity in general
with the rise of technology andhow it's infecting us not
(41:44):
affecting us infecting us.
I did that on purpose, by theway, all right, so let's put up
this article that I found onantiwarcom, mainly because it
made me chuckle.
I think Zelensky, if there waslike a betting market on people
(42:08):
that don't have a greatpolitical future, I would start,
wasn't it?
You know, boris Johnson hadthis same kind of thing.
Where I just go, how is thisdisheveled moron held office so
long?
I mean, obviously he's a postturtle.
He's been propped up by people.
Let me put this up on thescreen.
(42:29):
This is antiwarcom Made mechuckle.
Trump calls Zelensky a dictatorwho has done a terrible job.
Okay, this is too much fun.
(42:49):
You know, this is okay.
So this is some of the thingsthat you wouldn't get with a
Harris election, and I am in noway, shape or form, captured by
the fulcrum of the left-rightparadigm, folks.
So I'm not, you know, don'tsend me a MAGA hat, okay, but
this is funny and justkarmically funny.
(43:10):
The comments come from Trumpafter Zelensky said the US
president was living in adisinformation space.
On Wednesday, president Trumpcalled Ukrainian President
Vladimir Zelensky a dictator whohas done a terrible job, as the
two leaders are trading barbsamid renewed US diplomacy with
Russia.
Think of it a modestlysuccessful comedian Zelensky
(43:37):
talked the United States ofAmerica into spending $350
billion to go into a war thatcouldn't be won, that never had
to start, but a war that he,without the US and Trump, would
never be able to settle.
This is what Trump wrote onTruth Social.
Well, those anti-Russianpolicies were going on under the
(44:00):
Trump administration, and I'vesaid I mean foreign policy from
2017 to 2021.
Under the Trump regime wascarried in the shadows somewhat,
but it was the same policy andthat's why we couldn't even
carry out US foreign policyunder that time.
(44:21):
Everything was being subverted.
Does anybody remember whenTrump met with Putin and Putin
gave him a soccer ball?
And there was supposed to be adevice and soccer ball,
according to mainstream mediaanalysts who had connections to
the CIA.
I always thought that was justso bizarre.
(44:43):
They always want tensions withRussia.
The Post came after Zelenskysaid Trump was living in a
disinformation space in responseto his criticism of Ukraine not
holding elections and for notreaching a deal with Russia
earlier in the war, before theinvasion.
I would like to have more truthwith the Trump team, zelensky
(45:06):
said.
Trump also brought up the lackof elections in Ukraine in his
post on Truth Social.
On top of this, zelensky admitsthat half of the money we sent
him is quote missing.
He refuses to have elections,is very low in Ukrainian polls
and the only thing he was goodat was playing Biden like a
fiddle.
A dictator without elections.
(45:26):
Zelensky better move fast orhe's not going to have a country
left.
Well, this is a new era thatwe're in.
Maybe we just called it a newera, but we're going to actually
have some winding down of this,it looks like.
Unless there's a false flag ofepic proportions folks and they
(45:50):
tried that They've been tryingfalse flags for a long time the
Nord Stream Pipeline.
Does anybody remember that?
Trump said his administrationwas currently successfully
negotiating an end to the war inUkraine?
Us and Russia officials agreedon Tuesday during the talks in
Saudi Arabia to work tonormalize diplomatic relations
(46:11):
and toward an end of the war.
Quote Biden never tried.
Europe has failed to bringpeace and Zelensky probably
wants to keep the gravy traingoing.
I love Ukraine, but Zelensky hasdone a terrible job.
His country is shattered andmillions have unnecessarily died
.
Think about that.
Think about millions folks,millions have unnecessarily died
(46:40):
.
That's why I've been saying foryears I truly think that
Zelensky is evil.
You look at the inability, thatcold, whatever that rationality
, and it's not evenMachiavellian.
I think it's beyond that,because to be Machiavellian you
would have some semblance ofmine of total victory or some
(47:03):
outcome that benefits you in apower struggle.
I don't even understand whatthe goal has been.
Vice President JD Vance alsotook aim at Zelensky over his
criticism of Trump.
The idea that Zelensky is goingto change the president's mind
by bad-mouthing him in public.
(47:23):
Everyone who knows thepresident will tell you that is
an atrocious way to deal withthis administration.
Well, zelensky, you know theydid a political obituary of
Richard Nixon in 1962 during hisfailed attempt to beat Pat
(47:48):
Brown in the run for governor ofCalifornia.
That you know happened to runinto the same election cycle as
the Cuban Missile Crisis andpeople united behind Kennedy.
And that's where you have Nixonfamously comes out and says
just think of what you'll bemissing.
You won't have Nixon to kickaround anymore.
(48:09):
And then they did a famouspolitical obit about Nixon.
Well, that was, you know, toquote Mark Twain.
You know the rumors of my deathhave been greatly exaggerated.
That was a bridge too far, butI think they should run one for
Zelensky, because this doesn'tlook good.
(48:30):
And I, you know, is thisschadenfreude?
Do I have schadenfreude rightnow?
That's the German word fortaking pleasure, being happy to
see the misfortune of others.
I generally don't do that, buthe's such an evil, evil man and
(48:51):
has presided over, almostbrought the world to nuclear
Armageddon because of hisinability to have any nuance or
seek peace.
He's not a peaceful man, so Idon't have any respect for him.
All right, we've got about 11minutes left.
Wwcr cuts off right at the topof the hour, so let's go into
(49:16):
this article that's up on ZeroHedge I want to get into.
Let me stop this screen.
This is a really interestingtalk.
Put this up Again.
Zero Hedge.
Oliver Anthony.
We are the last humans in worldhistory to remember what life
(49:42):
was like before AI.
Oliver Anthony, a former factoryworker who emerged from the
woods of Virginia, gave nationalattention in the late summer of
2023 with the song Rich MenNorth of Richmond great song, by
the way.
The song became number one oniTunes, resonating as an anthem
(50:02):
for over 80 million Americanswho've been smeared, ignored,
mocked, slandered and robbed bythe deep state that President
Trump and Elon Musk and Doge arefiring en masse.
Now Anthony has elevated hismessage and warning about the
dangers of the technologicalsociety.
(50:23):
On Tuesday, anthony spoke withthe Alliance for Reasonable
Citizenship event in London.
The big question is why wasthis internet-famous singer
invited to speak at a conferencewith world leaders and how do
his credentials compare to thoseof others in the room?
I'm going to put this up.
That is a good question, but Ithought the sentiment here, and
(50:49):
this runs about seven minutes,so I'll hang on.
I want you to hear this becauseit truly is insightful.
Speaker 3 (50:57):
I appreciate for your opportunity, for your time.
I've only got a few minuteshere so I've written some things
down so you don't have tolisten to me ramble, but there
is an evil.
I have seen under the sun thesort of error that arises from a
ruler.
Fools are put in many highpositions while the rich occupy
(51:20):
low ones.
I have seen slaves on horsebackwhile princes go on foot like
slaves.
Since August of 2023, I havereceived a flood of messages,
social media, email, handwrittenletters.
I've had I don't know how manyconversations with people
face-to-face probably thousandsat this point, and I realize now
(51:43):
that we don't have any clue tohow many around us are really
broken, how many are silentlysuffering and barely hanging on.
More often than not, they startthe message with hey, I'm a
nobody, but Followed by horrorsof addiction, mental illness,
financial and householdstruggles, oftentimes incredibly
(52:05):
complicated stories that Isuspect they may have never told
anyone before.
But they still have hopes of ahopeful future and they don't
want to give up, no matter what.
And it kills me because thesepeople, they aren't nobodies as
they describe themselves.
Our modern society's convenient, comfortable, fragile little
existence is oftentimes carriedon the backs of these
(52:25):
self-declared nobodies, andforgive my generalization, but
in the modern world we are sobusy idolizing the genuine
nothings of society theself-centered celebrities,
spineless politicians, clickbait, social media influencers.
It seems from my perspectivethat oftentimes these people
live comfortable little lives,while many of our real heroes
are drugged through the mud andnever once given a genuine thank
(52:46):
you for it.
But it's not just them that arehurting.
We all are, I mean.
That's why you're here at thisconference, right?
That's why people have traveledfrom all over the world to
gather here.
You all realize that it's timeto do something.
(53:08):
So, to set the record straight,I'm not here as an intellectual
or a psychologist or apolitician, or even a respected
member of society.
All things considered, I'm ahigh school dropout who lives in
a log cabin in the woods inVirginia.
I myself am just a 32-year-oldnobody.
So I'm just here today as themessenger.
I believe that many of theproblems identified at this
(53:30):
conference are quite possiblysymptoms of a bigger problem.
We currently exist in an age ofrapid digital immersion.
The current average Americanteenager will have spent
something like 30,000 hours bythe time they are 30 on social
media.
The average American spends sixto nine hours a day staring at
devices, and whether it's a citysidewalk, a family dinner table
(53:51):
, the receptionist at an office,even people driving their damn
cars down the roadway, Iconstantly see the struggle
between maintaining consciousattention in the real world and
the overwhelming pull we feeltowards the digital one.
And in my unprofessionalopinion, neuroplasticity has
made us increasingly digitallyproficient, but at a cost of
being digitally dependent.
(54:11):
And if being hired on as aLondon cab driver can change
your brain on an MRI scan, andif life experiences like PSD can
alter the DNA in sperm, whatirreversible alterations will
30,000 hours of staring intoalgorithmically fed state of
hypnosis do to the human mind orto their offspring?
And in this short breath oftime, we live in a state of
(54:42):
existence that quite possibly noone else in world history has.
We have both access to instantglobal connectivity, infinite
information and consumer-levelaccess to artificial
intelligence.
But we are the last few humansin world history who remember
what life was like before it.
We are the last few humans inworld history who remember what
life was like before it.
We are the last living peoplein history to have experienced
(55:03):
life before the digital age, andI fear that it may become
nearly impossible for youngergenerations to even
differentiate the digital worldfrom the real one before the end
of my lifetime.
There is nothing inherentlywrong with technology.
There is nothing wrong withinstant connection, and there is
nothing inherently wrong withtechnology.
There is nothing wrong withinstant connection and there is
nothing intrinsically bad aboutaccess to abundant information,
but what is bad is the lack ofcontrol and agency we have over
(55:26):
these systems and, withoutrealizing it, we are being
programmed and our culture isbecoming commodified.
Therefore, the more time wespend on these digital
information systems, the more werevert to the mean of one of a
fixed set of broad internetcohorts.
In other words, the more timewe spend online, the more
commoditized our culture, themore tribal our psychology and
(55:48):
the more vulnerable we become.
When the floods first came toWestern North Carolina last year
, where I used to live, therewere tens of thousands of people
who showed up to help from allover the country.
No one asked them, no one paidthem, and most of the world has
no idea they were ever eventhere.
I was there the same day thatthe governor of North Carolina
(56:09):
came for his little photo op.
He made a public announcementthat day saying that the current
statewide death toll with thefloods.
Oh, I'm sorry.
He made a public announcementthat day with the current
statewide death toll of thefloods.
But that same morning alonevolunteer veterans with cadaver
dogs that I had met with hadpulled 15 bodies out of a single
(56:30):
pile of debris near the KOAcampground in Swannanoa.
The statewide count at thatpoint had to have been well into
the hundreds.
I believe the number thegovernor used that day was 28.
In fact there was a reefer truckthat sat for two days full of
bodies because the morgues wereoverflowing and while FEMA was
hoarding donated generators anddenying people on their
(56:51):
applications, it was thenobodies of the world that were
driving ATVs and Jeeps withchainsaws up mountain roads
rescuing people.
There was two guys we met thathot-wired a bulldozer from a
quarry to cut a navigable paththrough a washed-out road in two
days that the state said wouldtake months, allowing supplies
to people who hadn't had contactwith anyone in over a week.
Volunteers were working 16hours a day taking supplies on
(57:16):
everything from horses tohelicopters.
It was humanity there in frontof my very eyes, and it was in
that seven days in NorthCarolina that changed everything
for me.
It was people, saving peopleEven with lack of leadership,
failed protocols andoverwhelming inefficiency from
the state.
The nobodies took up the slack,and so I'm just here to remind
(57:40):
you that we don't need our falseidols.
We should no longer rely onpoliticians who bow down to
money to manage our city or ourstates.
We need to find the realleaders everywhere and empower
them.
Western North Carolina was proofto me that there is an army of
good people left in this worldwho want to do good things.
We just have to give themplaces to gather and give them
(58:02):
the ability to act.
And so I'll close with this Donot fret because of those who
are evil or be envious of thosewho do wrong, for, like the
grass, they will soon wither.
Like green plants, they willsoon die away.
(58:24):
Trust in the Lord and do good.
Dwell in the land and enjoysafe pasture.
Take delight in the Lord, andhe will give you the desires of
your heart.
And so I'll see you on Aprilthe 5th in Spruce Pine, north
Carolina, for the first officialgathering.
It is now my life's mission torevive rural America, one town
(58:44):
at a time.
It's called the Rural RevivalProject, so thank you for
listening.
Speaker 2 (59:06):
Absolutely powerful, ladies and gentlemen Sorry I had
to reset my mic there at theend, I was feeding that audio
through but absolutely powerfuland something is afoot here.
You pay attention to theconsciousness that underpins our
civilization, not only here inthe West, but around the world.
This is something that's goingon.
Decentralization is the future,and the elites, the World
(59:30):
Economic Forum, klaus Schwabiantypes they're fighting against
history.
The New World Order is indirect conflict with the
trajectory of mankind, and soI'm happy to report that there
is good things to look at, andespecially rhetoric like that
that you don't see, haven't seenin our lifetime, especially the
last 30, 40 years in popculture, so that is something
(59:52):
really important to watch.
I don't have much more time.
Arterburngold moreParatroothers coming soon.
Be sure and tune into that,share the links and give us a
good review when you can.
I've got some greatannouncements coming in through
Wolfpack and Wise Wolf, gold andSilver.
Be sure and go and check thatout.
(01:00:13):
If you've got Bitcoin, you wantto use it as cash, and check
that out.
If you've got Bitcoin, you wantto use it as cash.
We're the first and onlyprecious metals dealer in
America to deal with Bitcoin ascash and no fee.
Other dealers take it, but theyalways charge a fee, just like
a credit card.
I don't do that.
That's part of the symbioticrelationship we're creating
there just to bring some morevalue and do something a little
(01:00:34):
bit different.
That's been my mission allalong, so I appreciate each and
every one of you.
I'll see you next week forepisode 500.
So take care of each other.
End of transmission.
It's 11.59 at Radio Free America and this is Uncle
Sam, with music and the truthuntil dawn.
Right now, I've got a few wordsfor some of our brothers and
sisters in the occupied zone.
The chair is against the wall.
The chair is against the wall.
John has a long mustache.
John has a long mustache.
It's 12 o'clock, americans,another day closer to victory,
(00:22):
and for all of you out there onor behind the lines, this is
your song.
Speaker 3 (00:34):
veteran of three foreign wars, entrepreneur and
warrior poet tony arterburntakes on the issues facing our
country, civilization and planet.
Speaker 2 (01:30):
This is the Arterburn Radio Transmission.
Well, it's episode 499.
I wasn't going to miss today.
I had to go through my archivesto find one of the really old
intros from the Arterburn Radiotransmission going back to 2021.
Because I don't have my normalfiles and audio uploaded here.
(01:51):
I'm in Acapulco, mexico, forAnarchapulco.
I spoke yesterday following JeffBerwick, on Crypto Day and I'll
get into a little bit of what Italked about.
And I'm giving two differenttalks here.
One, again on Saturday, isgoing to cover gold and humanity
and the Great Reset kind of anhistorical dive.
(02:13):
But I went into the chaosreally yesterday.
This unexpected, these blackswan events that are happening
rapidly throughout the financialsystem, dealing with
commodities gold supply, silversupply.
We'll get into a little bit ofthat, but it is the 20th of
(02:33):
February 2025.
Again, I am in Mexico today.
If you're watching the videostream behind me, you can see
the Pacific Ocean and the Sea ofCortez Beautiful out here.
This is my second year in a rowto be at Anarchapulco.
Great folks, lots of goodconversation, liberty-minded
(02:54):
people.
Last year was tough and wefound a better way to be able to
do the shows.
I was on a podcast yesterdayand I was able to do the David
Knight show today.
So anyway, I hope all of youare doing well.
(03:14):
We're going to jump into someissues here.
I know it's harder for me tohave multiple tabs opened up on
the laptop with the Wi-Fi, butI'm going to do the best I can.
We've got some good stuff today.
Going back to the consequence ofthe election outcome on
(03:36):
November 5th, the fundamentalsfor the gold breaking its
all-time high, for silverbreaking its all-time high for
silver breaking its all-timegoing into close to record highs
the last year All thosefundamentals are still there,
regardless of what happened onNovember 5th.
However, that, plus the chaosand the uncertainty, the
(04:02):
geopolitical uncertainty aboutthe global order of things, the
financial system, that is thrownin a completely different set
of variables, even the audit,the supposed audit, or now that
Fort Knox has come under theattention of Elon Musk and Doge,
(04:24):
I'm going to get into a littlebit of that too today, because
that's a variable that couldcause a massive avalanche of
unintended consequences becausewe haven't audited Fort Knox for
over 70 years.
Business and gold bugs andsilver bugs We've been talking
about this forever, except Ididn't know that the senators
(04:50):
like Rand Paul and Mike Lee hadbeen asking to get in for over
10 years.
I know Ron Paul had talkedabout it, but I didn't know that
senator-level oversight.
Even Rand Paul being in hishome state, he couldn't get in.
So there's something wrongthere that is adding to the
unknown and the uncertainty.
(05:12):
Then you look at headlines likethe London bullion houses or the
London exchange for gold andsilver.
Their vaults are being clearedout right now from
multinationals and bankingentities moving from London to
the United States andrepatriating gold and silver.
(05:33):
12.5 million ounces of gold, 40million ounces of silver have
been moved.
This is going to cause, and iscausing, supply shock.
Swiss maker of gold and silverbars, arbor Herrarius, has put
(05:53):
extra premiums on and stoppedthe future sales of physical
gold bars.
South Korea stopped trading inphysical gold bars.
They halted that a couple ofweeks ago, as I've spoken about
that, and other bullion houseshave done the same thing.
This is because there's a hugedisparity and, I think,
(06:14):
criminality behind the papermarkets versus the physical
markets, and what you have tounderstand is that this has gone
on since the 1970s after reallythe Hunt family in Texas
exposed the weakness in thesilver market.
Silver is one of the.
We're going to talk about thattoday too, because that's how I
(06:36):
finished with my talk yesterdayhere in Mexico is that the
disparity that has long sincebeen under the eye of gold bugs
and people in the financialmarket who understand about the
physical supply versus the papersupply and ETFs.
We've long since said there's aproblem.
(06:57):
No one really knew what theissues were going to be in the
short run, and especially nowthat we're in the thick of
things.
No one knew what it was goingto be.
Was the catalyst?
I thought it would bede-dollarization over a long
period of time, countrieswanting to get out of the dollar
getting into gold and thenasking for their gold, or
(07:19):
companies like JP Morgan justdid a $4 billion move for
physical gold for their clients.
I thought it would be somethinglike that, asking for delivery
over the long haul.
But no, it's the black swanevent, folks.
It's the unexpected, unintendedconsequences of tariffs.
(07:41):
If you know me, I'm a huge fanof tariffs.
I like tariffs if used for thepurpose of economic nationalism
and that's kind of like the samemodern monetary theory or
(08:07):
Keynesian economics.
It all goes hand in hand.
The two parties togethersupported NAFTA.
They supported GATT, theGeneral Agreement on Trade and
Tariffs.
They supported the Chinesecoming in to the WTO.
They supported all that becausefree trade is a god to them.
They worship it and that's ledto these massive trade deficits.
It's led to the hollowing outof American manufacturing.
(08:30):
It's led to the transfer oftechnology and sustainability,
sovereignty all the stuff thatwas by design and planned and
shipped off.
Except when Trump comes back onthe scene here at the second
term number 47, he's talkingabout putting tariffs on
(08:55):
countries, the BRICS nations,who don't comply with dollar
hegemony.
Putting 100% tariffs on thosenations that don't use the
dollar or try to dump the dollaror issue a competing currency
against the dollar.
Well, those nations aren'tgoing to do that.
They're not going to issue, inmy opinion, they're not issuing
a common BRICS currency.
What they're doing is they'reremonetizing all of their
(09:16):
existing currencies against whattruly is the world's reserve
currency now and it has alwaysbeen, except for this experiment
we've been in since 1971.
The dollar, I believe, is nolonger the world's reserve
currency.
I think gold is.
If you look at the holdings ofcentral banks around the world,
(09:38):
gold just supplanted the euro asnumber two in holdings.
That's because of what happenedwith the Bank of International
Settlements back in 2021, whengold was taken from a tier three
asset to a tier one asset.
The central banks are holdinggold now and that's just
(09:58):
supplanted the Euro as numbertwo and the number one is the US
dollar.
But I think that's onlytemporary.
As I said yesterday, I thinkit's a shadow of itself.
It's a shadow of a shadow andwe're watching de-dollarization
happen and that's why a lot ofthese things are, I think,
moving at a faster pace thaneven I had expected.
(10:19):
The tariffs certainly caused anacceleration, but we're looking
at the sovereign wealth fund.
There's an executive order byDonald Trump for the sovereign
wealth fund of the United States.
It's using the resources gold,petroleum, coal I'm assuming,
(10:41):
timber, whatever they're using.
There's sovereign wealth fundsbased on the balance sheet and
that's what's being created.
That's the race that the rest ofthe world has been in for a
long time, and we've just beenaround weaponizing the dollar,
putting sanctions on people,losing dollar market share.
Yesterday I spoke about look atthe metrics of 2001,.
But look at the metrics of2001,.
(11:03):
75% of all financialtransactions in the world went
on in dollars and by 2024, it'sdown to the low 40% range.
It's really dropping sharplyafter we put sanctions on Russia
in 2022 and they bounced back.
We didn't.
(11:24):
We didn't bounce back, we justkept losing more and more market
share that's something calledmoney velocity, folks and we're
losing that, and so that's whythere's a race right now for
commodities.
All right, I'm going to go tothe chat too, but I want to jump
into first story of the day.
By the way, I found somethingreally cool that Oliver Anthony
(11:52):
did a talk this last couple ofdays about AI and I want to play
that clip.
I'll read some of the article,but it's like seven minutes, but
he does such a great jobtalking about.
You know, technology can be adouble-edged sword.
I mean, we've grown up in theinternet age and often and I'll
(12:16):
get into this, but I oftenremember something my
grandfather told me about.
He was an entrepreneur and haddone all of me, been a
wildcatter and drilled for oil,he'd sold televisions, he'd done
everything.
I mean, he was.
I think.
At his funeral I called him anold school man of the world,
kind of referencing Guy Clark.
(12:37):
But we look at that and we lookat all the technology that we
have, and he had me look at thatin 2005.
And he said you know, back inthe 70s, we just got more done.
He goes because he had emails,he had a cell phone, he had all
that.
He said all the technology, allthe fax machines, we didn't
have that.
We had a.
You know, you could have ananswering service at best, you
(12:58):
know, and somebody would leave amessage.
And we just got more done.
I'm beginning to suspect that'show it's working.
Now we're running up againstsomething that's totally new and
that's AI, about the Fort Knox.
This could be huge news and Ithink I've seen this movie
before.
I was recalling today talkingto David and yesterday somebody
(13:35):
was talking to me about the plotto Die Hard 3.
That came up yesterday aboutlooting the Federal Reserve and
doing a head fake of the goldand blowing it up.
It didn't make much sense inthe 90s.
The dollar was pretty stableeven though it was fake.
But you know we've done apretty good job keeping people
in the markets and inflation was, you know, moderately under
(13:57):
control.
It wasn't like now.
They used to even believe it ornot.
Folks, they used to havedebates on fiscal responsibility
in the United States of America.
All right, so let's get intothis article.
This is Kitco.
Elon Musk cast doubt on $425billion US gold reserved at Fort
(14:21):
Knox ahead of a personal Dogeaudit.
Gold reserved at Fort Knoxahead of a personal Doge audit.
Fresh off his recent foraysinto the Treasury Department's
payment system, tech billionaireElon Musk is now gearing up to
conduct an in-person audit ofthe United States gold reserves
at Fort Knox on behalf of theDepartment of Government
Efficiency.
He put out a tweet that has theSouth Park guy that says and
(14:47):
it's gone.
Republican Senator Rand Paul ofKentucky, the state where Fort
Knox is located, said in aninterview with Fox News on
Monday that he invited Musk toreview the gold reserve after
failing to gain access to thefacility for a decade.
The gold reserve after failingto gain access to the facility
(15:09):
for a decade.
I quote I think some of themmay not think it needs to be
audited at all, but I think themore sunlight the better, the
more transparency the better,paul said.
The senator also insisted thateven though the US dollar hasn't
been explicitly backed by goldfor 50 years, the precious metal
still provides some of thevalue undergirding the greenback
(15:29):
.
It brings attention to the factthat gold still has value, and
implicitly not implicitly, butgold still gives the value to
the dollar, paul said.
That's why we don't get rid ofit.
We've got it.
The IMF has it, the World Bankhas it, most of the central
banks around IMF has it, theWorld Bank has it.
Most of the central banksaround the world have gold.
It's an implicit trust that thedollar still has some backing.
(15:51):
Well, he's absolutely rightabout that and we're going to
some numbers here in case youdidn't know and this is
supposedly right we have 70years no audit of the gold at
Fort Knox, and I'll give yousome more history.
This is the side history, thisis alternative history that you
(16:12):
get into in my line of work.
What you find is let's go backto 1933 when FDR signs his
executive order and says youturn in your gold.
It wasn't necessarily goldconfiscation, but they just made
it illegal for you to quotehoard gold.
So FDR signs his executiveorder, people start turning in
(16:35):
their $20 gold pieces, their $10gold pieces, which $20 is
basically an ounce.
$10 is about a half an ounce,then the $5, which is like a
quarter, and the $2.50, you gotthe Indians and the Liberty Gold
coins and people start turningin their gold.
Well, after this big turn-inhappens and they stop all the
(16:56):
coinage at the US Mint and getall of that.
A big portion of that is melteddown.
And that gold, you wonder, didit go to Fort Knox?
Is that part of our goldreserves?
No, a big portion of that, andthat was the plan all along was
to go to the Bank ofInternational Settlements in
Basel, switzerland.
And you might ask what is theBIS?
(17:17):
It was started after World WarI, by the way.
But what does the BIS have todo with the United States?
Well, it's because the FederalReserve is not owned by you.
It's an international bankingconsortium, it's a private
corporation that controls themoney supply of the United
States.
And so they wanted their gold.
They gave the American peoplepaper notes in exchange for
(17:42):
their gold at $20 an ounce.
And when all of that gold wasturned in, franklin Roosevelt,
along with his handler HarryHopkins, who lived in the White
House, by the way, that wasHarry Hopkins, was much like
Colonel Mandel House, who livedin the White House with Woodrow
Wilson.
See, history doesn't repeatitself, but it rhymes.
And Harry Hopkins was one ofthose people that was overseeing
(18:05):
that the gold from $20 an ounceto $35 an ounce, and then
reallocated the actual gold,which is money to the Bank of
International Settlements, andso those of us who study history
in regards to the monetarysystem and gold have often
wondered how much gold does theUnited States have?
(18:25):
Well, this article continues,it says, with over 8,100 tons at
the end of 2024, according tothe World Gold Council.
This is the World Gold Council.
This is how much they think theUnited States has.
The United States has far andaway the world's largest gold
reserve.
That should have an asterisknext to it too, because we don't
(18:45):
really know about China.
The lion's share of the nation'sbullion is stored at the
108,955-acre Fort Knox complex,with the balance kept in the
Federal Reserve Bank of New York, and that's where you get into
the movie Die Hard 3, right,paul said he's been trying to
make sure it's all there forover 10 years, without success.
(19:08):
He received permission to enterFort Knox in 2017, during the
first Trump administration, butthe timing of the trip didn't
work out.
Instead, then-treasurarySecretary Steve Mnuchin and
Senator Mitch McConnell, theturtle, visited the vaults
without him and returnedclaiming the gold was present.
There's two people that I don'ttrust, and how would they know?
(19:32):
You got to send a gold personthere, somebody.
I mean, you could just put somebars out.
They don't know the difference.
I didn't go down, but theSecretary of the Treasury and
the senior senator from Kentuckydid go down and attest that
they believe they saw the golddown there.
Well, folks, there's a hugedifference between seeing what
(19:56):
you believe is gold bullion andhaving an actual audit.
Okay, I mean the amount of fakegold I've seen in my lifetime
and people that unfortunatelyand really tragically believe
that they have gold.
I've seen older people thathave got scammed and they lay
(20:17):
stuff out on my counter and Idon't even have to touch it but
I can tell that it's fake.
But there's really good fakes.
I mean you'd have to have, youneed like an independent
committee with a diverse panelof people to actually do that
audit.
It's not something that's evenvisibly that doesn't lend that
(20:41):
much credence at all.
I mean it doesn't cost thatmuch just to have some fake
there.
And you know this is I think Idon't know if this would even
come up.
By the way, and this is one ofthe consequences of elections.
Have consequences is something.
The chaos that's built intothis.
(21:01):
I said all the fundamentalsdrove gold up to break its
all-time high 30-something oddtimes in the last year are still
there, plus all of this, and sowe're in uncharted waters.
All the fundamentals plus thechaos, and then the shock of
what could be a major scandal.
(21:22):
Let's hope that it's there andeverything's stable, because
it'll cause a lot of pain Ifthere's something inherently
wrong with the gold supply.
But while we're at it, let's golook at the Federal Reserve.
Let's go look at this privateinstitution that holds the
wealth of the US.
(21:42):
Who gave them that power?
Well, they took it themselves.
By the way, it's not evenconstitutional.
They shouldn't have that.
The Constitution clearly statesthat only Congress can coin
money, and it has to be gold andsilver specie.
And it doesn't say that aninternational banking consortium
(22:03):
of globalists control yourmoney supply.
Mike Lee says here as a senator,I've tried repeatedly to get
into Fort Knox.
And it says Fort Knox, youcan't come to Fort Knox.
And he says me why?
Fort Knox, it's a militaryinstallation Me, I'm a senator,
I go to military bases all thetime.
Fort Knox, you still can't comebecause you can't.
(22:24):
Elon Musk says it would be coolto do a live video walkthrough
of Fort Knox.
Well, if you really dig downdeep into the underpinnings of
what makes global powerstructures function, what you'll
(22:47):
find is that these nations,they guard their gold and their
gold holdings are more secretivethan their nuclear weapons.
And I often wondered you know,at some level, at some point,
the cards have to go back on thetable and we've been running
(23:10):
this free-floating fiat currencyexperiment since August 15,
1971.
Currency experiment sinceAugust 15th 1971.
And that was really just theofficial departure from the gold
standard.
As I've said for many, manyshows, for many years that if
you go back and you look at the1960s, we took the silver out of
(23:34):
our coinage, starting in 1965.
And that was a subtle tip ofthe hat, if you will, to the
rest of the world that we hadexpanded our money supply, that
we were not going to back it andwe were paying for guns and
butter in Vietnam.
They called it Lyndon Johnson,called it the Great Society.
(23:56):
On the Mekong, we had the spacerace, we had the Cold War.
We expanded the money supplyand we start by debasing our
coins.
That's what the Romans did.
All great nations rise on soundmoney and economic nationalism
and they decline on fiatcurrency and free trade.
I don't make the rules, it'sjust how it works and so that's
(24:18):
what we did, and the rest of theworld took notice.
You had economist Robert Triffinthrown into the mix at that
time, testifying before Congress.
There's something calledTriffin's Dilemma, which I think
we're about to find out.
What Triffin's Dilemma is allabout, which is, if you are the
(24:39):
world's reserve currency andyou've stocked all these central
banks around the globe withyour currency and that currency
gets repatriated back to itshome economy, how does that not
cause massive devaluation andhyperinflation?
How do you run the world'sreserve currency and then
(25:02):
suddenly you don't without acurrency collapse?
Well, you just have a currencycollapse.
That's what you would have.
The US Treasury holds theworld's largest gold stockpile
of 8,100 tons, but the value ofthe gold hasn't changed since
1972, when the price was set at$42 an ounce.
Now this is important.
(25:23):
What you'll find is that after71, the central banks they did
the same thing.
It was 1972-73 that they haltedthe price of gold on most
balance sheets at that spotprice of $42 an ounce, and so
(25:44):
that's been held, especially thegold that was before 1973, held
on the balance sheet at aboutthat.
So a revaluation would resetthese other currencies a lot
easier than we have it.
We've got the amount of debt,the amount of obligations that
the US has.
(26:04):
It doesn't touch it.
As a matter of fact, someanalysts have noted that if the
government revalued its goldreserves at current prices,
which are above $2,900 an ounce,it could add more than $760
billion to the TreasuryDepartment's coffers.
Well, okay, that's good,because that would be $760
(26:25):
billion in actual value.
But if you listen to my show,you understand that since 2023
or so or the last quarter goinginto 24, we add a trillion
dollars in debt to the balancesheet every 90 days.
(26:46):
Speculation surrounding the USgovernment's gold hoard started
to ramp up earlier this monthafter newly minted Treasury
Secretary Scott Besant said thathe would monetize the asset
side of the US balance sheet.
However, on February 13th,bloomberg reported that an
unnamed source said that hisidea was not quote under serious
(27:09):
consideration among PresidentDonald Trump's top economic
advisors.
Some market analysts have alsosuggested this might not be the
best way for the government toimprove its balance sheet.
Well, yeah, when you trafficand fake, this is going to be
the fight.
(27:31):
That have so much dependence onthe Fed monetizing their
businesses, their holdings,access to cheap liquidity and
debt that to tie anything tohave any sort of fixed value is
going to destroy the currentfiat models.
(27:53):
That's how insidious thingshave become models.
That's how insidious thingshave become.
Making this gold to market$3,000 an ounce proves the asset
liability ratio of the Fed, butit only gets into the
neighborhood of major US bankslike Goldman Sachs.
He said the US Federal Reservehas a 12 to 1 asset liability
ratio.
(28:13):
With revalued gold, every $1 ofassets has $12 of liabilities.
Major US banks have 11 to1asset liability ratio.
The US Federal Reserve has a179 to 1 asset liability ratio.
With $42 gold, every $1 ofassets has $179 of liabilities.
(28:36):
This is the upside down.
Nikki Shields, head of theresearch and metal strategy at
MKS PAMP, said in a note onThursday that funds generated
would be a drop in the bucket,as US debt is north of $36
trillion.
While this remains ahypothetical debate, shields
(28:58):
also said it's unclear whetherthis would be bullish or bearish
for gold.
However, she did highlight somerisk, as this would be a
one-off boost for the TreasuryDepartment.
A second risk is that therevaluation would come as gold
prices are trading near all-timehighs.
This is not the first schemeinvolving the government's gold
(29:20):
holdings that potential Trumpadvisers have floated in the
news, stephen Moran, trump'snominee to lead the White House
Council of Economic Advisers,has suggested the US government
could sell its gold and use theproceeds to buy other currencies
.
That's not a good idea.
This would weaken the US dollar, giving the nation a trade
(29:44):
advantage Still not a good idea.
Folks, where we're headed.
If you actually are payingattention, if you look at the
amount of gold buying by centralbanks, which is unprecedented
as I said yesterday in my talk,in 2009, the gold buying by
central banks wasn't zero, butit was almost zero and if you go
(30:09):
, look at the chart and then itstarts to go up and to the right
up and to the right up and tothe right and it continues and
they continue to break records.
The reason is is what I alludedto earlier Gold, because this
is the yesterday I put into mysearch engine before I went on.
I just wanted to ask the AI aquick question.
(30:31):
And that is what's the end ofGresham's Law?
So you look at Gresham's Lawand that's the theory.
Really, it's a law.
It's not really a theory.
It's when bad money enters asystem, good money goes into
hiding, and I've always saiduntil it doesn't, because
(30:55):
something always happens to badmoney, it goes to zero or it has
a crash or it's no longertrusted, and that's the key.
So on the other side ofGresham's Law, good money goes
back into the system, becausebad money dies Human history.
Further and further you go back.
Gold has always been a part ofour story, even John Maynard
(31:21):
Keynes.
That's where you get Keynesianeconomics.
That's where you get the reallyinsane theory.
That's a theory, the insanetheory that if you use
government stimulus and spending, that you can balance the
economy by just creating moneyout of thin air.
(31:42):
It's also known as the modernmonetary theory or, as David
Knight calls it, the magic moneytree.
Well, that's ridiculous on somany levels.
And then you look at some ofthe stats that I've found over
the years and I was reading anarticle today governments have
created about $150 trillion innew currency, but it only goosed
(32:07):
their economies by about $46trillion, so the return on
investment is awful right.
So Keynes had that theorypost-World War II and he called
gold a barbarous relic.
But he was an economist andwhen he was speaking about our
ancient history, even Keynesrecognized that without gold,
(32:29):
like the ancient Babylonians orthe cradle of civilization,
mesopotamia, sumer itself,cradle of civilization,
mesopotamia, sumer itself.
They wouldn't have had acoherent trade or coherent
economy, or maybe even survivedthrough as many centuries as
they did, without a stable meansof trade, which was gold.
(32:51):
Even Keynes recognized that.
I want to see about anythingless than this article we can go
into.
Selling the US gold reserveswould also impact the reserves
of emerging market central banksthat have been accumulating the
precious metal at record ratesfor the last three years.
(33:13):
Well, that's interesting, isn'tit?
Selling the US gold reserveswould also impact the reserves
of emerging market central banks.
Yeah, it would flood the market, it would devalue them.
So this is a we are in a veryinteresting spot.
There's those that believe thatwe're going to remonetize our
(33:36):
own currency and back it by gold, and then you have those who
believe that there's going to bea Bitcoin strategic reserve, a
BSR.
There's many in the politicalsphere that want to do that and
sell the gold to buy Bitcoin andsell the gold to buy Bitcoin.
I find this interesting.
(33:57):
I'd also have you pay attentionto some of the comments from
Larry Fink recently fromBlackRock, when he was over at
the World Economic Forum inDavos and he said that there
would be $700,000 Bitcoin.
I don't think he's ever given aprice prediction model before.
But if you do the math,$700,000 Bitcoin, that is on
(34:21):
parity with the market cap ofgold.
So if Bitcoin trades at$700,000, then that is the $16
or so $17 trillion market capthat would rival gold.
So I'm not saying I know whatthat means, but to me that's all
language and something youshould pay attention to.
The West has been at war withgold for a long time, folks
(34:43):
Since 1971, because gold wentfrom $35 an ounce to $800 an
ounce in the 70s.
And after that you had theconcerted effort between central
banks, primarily the FederalReserve in the West, to work
with the paper markets andbullion houses to suppress the
(35:05):
price of gold.
As a matter of fact, the Huntfamily of Texas.
They bought physical silver andthey were buying massive
quantities, just ordering, usingtheir oil holdings and their
wealth to corner the silvermarket.
And so other people did thesame thing.
(35:25):
They started buying up,speculating on physical silver
and it exposed a real problemwith the dollar because it drove
it to $52.50 an ounce in 1980.
And $52.50 in 1980 is like $300today in purchasing power and
that still is, by the way, 45years on, still the all-time
(35:46):
high for silver.
Since that time there's been agreat effort and, side note, the
Hunt family was deep-stated fortheir trouble and bankrupted
Not completely, because I told astory yesterday of how, as a
young real estate broker, I solda three-acre track to the Hunt
family and how strange it was.
When I was about 25, 26, my dadsold a piece of property.
(36:10):
I went to go close it and theyhad a private title company in
Fort Worth and nobody else wasin there.
And they just have somebodybrings in the paperwork and you
sign it and nobody's in thisoffice.
I don't know, it was one of theweirdest things that I've ever
seen.
But they still have a greatamount of wealth.
But they were put through thewringer and never again.
(36:30):
Nobody ever touched that again.
By the way, nobody ever saidI'm going to corner the silver
market.
Warren Buffett did some moveswith silver, but mostly through
paper in the 1990s and thenabandoned it, because if you do
that, you expose somethingfundamentally wrong with our
currency system.
(36:52):
All right, I'm going to go tothe chat and check on everybody.
This is always fun.
I, like you, know making surethat we put these shows up.
I want to keep it consistentbecause I have so many great
people that message me andinteract with me through the
shows and wonder what happens ifI don't put one up.
And so, even if I'm on a, thisis very much a working vacation
(37:16):
being in Mexico, but I want tomake sure I still get a
transmission out regardless.
Let me take this off the screenand I'm going to go talk to the
chat really quick.
Thanks everybody for being here.
By the way, let's go to Rockfin.
Over on Rockfin on the AmericaUnplugged channel, it's really
kind of hard for me to see.
(37:37):
If you look behind me, you cansee the Pacific Ocean.
The sun's coming in.
It's a little bit hazy on myscreen but I see Jason Barker's
there.
The was that Tickhan Bennett.
Okay, that's good to see you,karen Carpenter, and we've got
Guard.
Goldsmith says go, tony, I'vegot to, we've got to do a show.
(38:24):
Guard, I was actually talkingabout you.
The other night I was heremeeting and had a great time
visiting with Gareth Ike and hislovely wife.
They were just wonderful people.
They're here at the resort andwe spent the last couple of days
talking and I brought you up,guard, somebody that needs to go
on Gare's show if you haven'talready I see.
Oh, and Melissa's in the chattoo.
Yeah, melissa's also here withme.
It's good to see all of youguys.
And then I've got the channelup on Rumble.
Oh, hold on, let me pause thisreal quick.
(38:48):
This is pretty good.
Birdhouse Blue says if Dogeselects Geraldo Rivera to
inspect the vault, I'm going tobe a little bit skeptical.
That's a good classicalreference there.
Birdhouse Blues, if many peopledon't remember, geraldo Rivera,
had this huge show where he'sgoing to reveal what was in Al
(39:13):
Capone's vault.
Back in that Was that the 80s, Ithink.
Um Harp says uh, tony, Ithought it was against the law
to take guns in New Mexico andyou took two.
Well, thank you know.
There's no gym here, so I'vebeen, um, I've been every day.
(39:34):
I get up and I've been doing,uh, knuckle push-ups.
I've been doing some Hindusquats and I do a.
I get up and I've been doingknuckle push-ups.
I've been doing some Hindusquats and I do a little bit of
abs and I just do that.
If I do that every day, then Iwon't turn into what did Rocky
say in Rocky IV?
He's telling Apollo Creed whenthey're watching their old fight
footage, and he was like thatain't us anymore, apollo.
(39:55):
We're turning into regularpeople.
So I'm try not to turn into I.
By the way, you it as I getolder and I, you know, I still
go to the gym and it's just notlike it used to be as I I.
It hurts, you, you know, andyou're like you gotta, how bad
do you want it?
You know you're in good shape,well thanks, you know it really
(40:16):
hurts, like even uh, beingoutside of the the gym and even
just doing like everything hurts.
But hey, uh, I'd rather do thatand hurt than uh, than turn
into, as rocky said, regularpeople.
Uh, burnhouse blue says thanksa lot, richard n.
Yeah, nixon didn't have a lot ofchoice.
(40:37):
We had run into a real probleminflating the money supply, the
liabilities, the height of theCold War, and the other
countries wanted that gold andwe said no, because we don't
have it If you come to, andthat's how you stop the run on
(40:59):
the dollar at that point.
But the problem is, instead ofhaving a real conversation about
fiscal responsibilities andcutting things and growing the
economy, we went on the fiatexperiment and we're about to
reach the end of that experiment.
All right, and we'll do alittle foreign policy real quick
(41:19):
.
And then I want to end talkingabout this.
I'm going to play Oliver Anthony, who had a great talk on AI and
technology and just what'shappening to humanity in general
with the rise of technology andhow it's infecting us not
(41:44):
affecting us infecting us.
I did that on purpose, by theway, all right, so let's put up
this article that I found onantiwarcom, mainly because it
made me chuckle.
I think Zelensky, if there waslike a betting market on people
(42:08):
that don't have a greatpolitical future, I would start,
wasn't it?
You know, boris Johnson hadthis same kind of thing.
Where I just go, how is thisdisheveled moron held office so
long?
I mean, obviously he's a postturtle.
He's been propped up by people.
Let me put this up on thescreen.
(42:29):
This is antiwarcom Made mechuckle.
Trump calls Zelensky a dictatorwho has done a terrible job.
Okay, this is too much fun.
(42:49):
You know, this is okay.
So this is some of the thingsthat you wouldn't get with a
Harris election, and I am in noway, shape or form, captured by
the fulcrum of the left-rightparadigm, folks.
So I'm not, you know, don'tsend me a MAGA hat, okay, but
this is funny and justkarmically funny.
(43:10):
The comments come from Trumpafter Zelensky said the US
president was living in adisinformation space.
On Wednesday, president Trumpcalled Ukrainian President
Vladimir Zelensky a dictator whohas done a terrible job, as the
two leaders are trading barbsamid renewed US diplomacy with
Russia.
Think of it a modestlysuccessful comedian Zelensky
(43:37):
talked the United States ofAmerica into spending $350
billion to go into a war thatcouldn't be won, that never had
to start, but a war that he,without the US and Trump, would
never be able to settle.
This is what Trump wrote onTruth Social.
Well, those anti-Russianpolicies were going on under the
(44:00):
Trump administration, and I'vesaid I mean foreign policy from
2017 to 2021.
Under the Trump regime wascarried in the shadows somewhat,
but it was the same policy andthat's why we couldn't even
carry out US foreign policyunder that time.
(44:21):
Everything was being subverted.
Does anybody remember whenTrump met with Putin and Putin
gave him a soccer ball?
And there was supposed to be adevice and soccer ball,
according to mainstream mediaanalysts who had connections to
the CIA.
I always thought that was justso bizarre.
(44:43):
They always want tensions withRussia.
The Post came after Zelenskysaid Trump was living in a
disinformation space in responseto his criticism of Ukraine not
holding elections and for notreaching a deal with Russia
earlier in the war, before theinvasion.
I would like to have more truthwith the Trump team, zelensky
(45:06):
said.
Trump also brought up the lackof elections in Ukraine in his
post on Truth Social.
On top of this, zelensky admitsthat half of the money we sent
him is quote missing.
He refuses to have elections,is very low in Ukrainian polls
and the only thing he was goodat was playing Biden like a
fiddle.
A dictator without elections.
(45:26):
Zelensky better move fast orhe's not going to have a country
left.
Well, this is a new era thatwe're in.
Maybe we just called it a newera, but we're going to actually
have some winding down of this,it looks like.
Unless there's a false flag ofepic proportions folks and they
(45:50):
tried that They've been tryingfalse flags for a long time the
Nord Stream Pipeline.
Does anybody remember that?
Trump said his administrationwas currently successfully
negotiating an end to the war inUkraine?
Us and Russia officials agreedon Tuesday during the talks in
Saudi Arabia to work tonormalize diplomatic relations
(46:11):
and toward an end of the war.
Quote Biden never tried.
Europe has failed to bringpeace and Zelensky probably
wants to keep the gravy traingoing.
I love Ukraine, but Zelensky hasdone a terrible job.
His country is shattered andmillions have unnecessarily died
.
Think about that.
Think about millions folks,millions have unnecessarily died
(46:40):
.
That's why I've been saying foryears I truly think that
Zelensky is evil.
You look at the inability, thatcold, whatever that rationality
, and it's not evenMachiavellian.
I think it's beyond that,because to be Machiavellian you
would have some semblance ofmine of total victory or some
(47:03):
outcome that benefits you in apower struggle.
I don't even understand whatthe goal has been.
Vice President JD Vance alsotook aim at Zelensky over his
criticism of Trump.
The idea that Zelensky is goingto change the president's mind
by bad-mouthing him in public.
(47:23):
Everyone who knows thepresident will tell you that is
an atrocious way to deal withthis administration.
Well, zelensky, you know theydid a political obituary of
Richard Nixon in 1962 during hisfailed attempt to beat Pat
(47:48):
Brown in the run for governor ofCalifornia.
That you know happened to runinto the same election cycle as
the Cuban Missile Crisis andpeople united behind Kennedy.
And that's where you have Nixonfamously comes out and says
just think of what you'll bemissing.
You won't have Nixon to kickaround anymore.
(48:09):
And then they did a famouspolitical obit about Nixon.
Well, that was, you know, toquote Mark Twain.
You know the rumors of my deathhave been greatly exaggerated.
That was a bridge too far, butI think they should run one for
Zelensky, because this doesn'tlook good.
(48:30):
And I, you know, is thisschadenfreude?
Do I have schadenfreude rightnow?
That's the German word fortaking pleasure, being happy to
see the misfortune of others.
I generally don't do that, buthe's such an evil, evil man and
(48:51):
has presided over, almostbrought the world to nuclear
Armageddon because of hisinability to have any nuance or
seek peace.
He's not a peaceful man, so Idon't have any respect for him.
All right, we've got about 11minutes left.
Wwcr cuts off right at the topof the hour, so let's go into
(49:16):
this article that's up on ZeroHedge I want to get into.
Let me stop this screen.
This is a really interestingtalk.
Put this up Again.
Zero Hedge.
Oliver Anthony.
We are the last humans in worldhistory to remember what life
(49:42):
was like before AI.
Oliver Anthony, a former factoryworker who emerged from the
woods of Virginia, gave nationalattention in the late summer of
2023 with the song Rich MenNorth of Richmond great song, by
the way.
The song became number one oniTunes, resonating as an anthem
(50:02):
for over 80 million Americanswho've been smeared, ignored,
mocked, slandered and robbed bythe deep state that President
Trump and Elon Musk and Doge arefiring en masse.
Now Anthony has elevated hismessage and warning about the
dangers of the technologicalsociety.
(50:23):
On Tuesday, anthony spoke withthe Alliance for Reasonable
Citizenship event in London.
The big question is why wasthis internet-famous singer
invited to speak at a conferencewith world leaders and how do
his credentials compare to thoseof others in the room?
I'm going to put this up.
That is a good question, but Ithought the sentiment here, and
(50:49):
this runs about seven minutes,so I'll hang on.
I want you to hear this becauseit truly is insightful.
Speaker 3 (50:57):
I appreciate for your opportunity, for your time.
I've only got a few minuteshere so I've written some things
down so you don't have tolisten to me ramble, but there
is an evil.
I have seen under the sun thesort of error that arises from a
ruler.
Fools are put in many highpositions while the rich occupy
(51:20):
low ones.
I have seen slaves on horsebackwhile princes go on foot like
slaves.
Since August of 2023, I havereceived a flood of messages,
social media, email, handwrittenletters.
I've had I don't know how manyconversations with people
face-to-face probably thousandsat this point, and I realize now
(51:43):
that we don't have any clue tohow many around us are really
broken, how many are silentlysuffering and barely hanging on.
More often than not, they startthe message with hey, I'm a
nobody, but Followed by horrorsof addiction, mental illness,
financial and householdstruggles, oftentimes incredibly
(52:05):
complicated stories that Isuspect they may have never told
anyone before.
But they still have hopes of ahopeful future and they don't
want to give up, no matter what.
And it kills me because thesepeople, they aren't nobodies as
they describe themselves.
Our modern society's convenient, comfortable, fragile little
existence is oftentimes carriedon the backs of these
(52:25):
self-declared nobodies, andforgive my generalization, but
in the modern world we are sobusy idolizing the genuine
nothings of society theself-centered celebrities,
spineless politicians, clickbait, social media influencers.
It seems from my perspectivethat oftentimes these people
live comfortable little lives,while many of our real heroes
are drugged through the mud andnever once given a genuine thank
(52:46):
you for it.
But it's not just them that arehurting.
We all are, I mean.
That's why you're here at thisconference, right?
That's why people have traveledfrom all over the world to
gather here.
You all realize that it's timeto do something.
(53:08):
So, to set the record straight,I'm not here as an intellectual
or a psychologist or apolitician, or even a respected
member of society.
All things considered, I'm ahigh school dropout who lives in
a log cabin in the woods inVirginia.
I myself am just a 32-year-oldnobody.
So I'm just here today as themessenger.
I believe that many of theproblems identified at this
(53:30):
conference are quite possiblysymptoms of a bigger problem.
We currently exist in an age ofrapid digital immersion.
The current average Americanteenager will have spent
something like 30,000 hours bythe time they are 30 on social
media.
The average American spends sixto nine hours a day staring at
devices, and whether it's a citysidewalk, a family dinner table
(53:51):
, the receptionist at an office,even people driving their damn
cars down the roadway, Iconstantly see the struggle
between maintaining consciousattention in the real world and
the overwhelming pull we feeltowards the digital one.
And in my unprofessionalopinion, neuroplasticity has
made us increasingly digitallyproficient, but at a cost of
being digitally dependent.
(54:11):
And if being hired on as aLondon cab driver can change
your brain on an MRI scan, andif life experiences like PSD can
alter the DNA in sperm, whatirreversible alterations will
30,000 hours of staring intoalgorithmically fed state of
hypnosis do to the human mind orto their offspring?
And in this short breath oftime, we live in a state of
(54:42):
existence that quite possibly noone else in world history has.
We have both access to instantglobal connectivity, infinite
information and consumer-levelaccess to artificial
intelligence.
But we are the last few humansin world history who remember
what life was like before it.
We are the last few humans inworld history who remember what
life was like before it.
We are the last living peoplein history to have experienced
(55:03):
life before the digital age, andI fear that it may become
nearly impossible for youngergenerations to even
differentiate the digital worldfrom the real one before the end
of my lifetime.
There is nothing inherentlywrong with technology.
There is nothing wrong withinstant connection, and there is
nothing inherently wrong withtechnology.
There is nothing wrong withinstant connection and there is
nothing intrinsically bad aboutaccess to abundant information,
but what is bad is the lack ofcontrol and agency we have over
(55:26):
these systems and, withoutrealizing it, we are being
programmed and our culture isbecoming commodified.
Therefore, the more time wespend on these digital
information systems, the more werevert to the mean of one of a
fixed set of broad internetcohorts.
In other words, the more timewe spend online, the more
commoditized our culture, themore tribal our psychology and
(55:48):
the more vulnerable we become.
When the floods first came toWestern North Carolina last year
, where I used to live, therewere tens of thousands of people
who showed up to help from allover the country.
No one asked them, no one paidthem, and most of the world has
no idea they were ever eventhere.
I was there the same day thatthe governor of North Carolina
(56:09):
came for his little photo op.
He made a public announcementthat day saying that the current
statewide death toll with thefloods.
Oh, I'm sorry.
He made a public announcementthat day with the current
statewide death toll of thefloods.
But that same morning alonevolunteer veterans with cadaver
dogs that I had met with hadpulled 15 bodies out of a single
(56:30):
pile of debris near the KOAcampground in Swannanoa.
The statewide count at thatpoint had to have been well into
the hundreds.
I believe the number thegovernor used that day was 28.
In fact there was a reefer truckthat sat for two days full of
bodies because the morgues wereoverflowing and while FEMA was
hoarding donated generators anddenying people on their
(56:51):
applications, it was thenobodies of the world that were
driving ATVs and Jeeps withchainsaws up mountain roads
rescuing people.
There was two guys we met thathot-wired a bulldozer from a
quarry to cut a navigable paththrough a washed-out road in two
days that the state said wouldtake months, allowing supplies
to people who hadn't had contactwith anyone in over a week.
Volunteers were working 16hours a day taking supplies on
(57:16):
everything from horses tohelicopters.
It was humanity there in frontof my very eyes, and it was in
that seven days in NorthCarolina that changed everything
for me.
It was people, saving peopleEven with lack of leadership,
failed protocols andoverwhelming inefficiency from
the state.
The nobodies took up the slack,and so I'm just here to remind
(57:40):
you that we don't need our falseidols.
We should no longer rely onpoliticians who bow down to
money to manage our city or ourstates.
We need to find the realleaders everywhere and empower
them.
Western North Carolina was proofto me that there is an army of
good people left in this worldwho want to do good things.
We just have to give themplaces to gather and give them
(58:02):
the ability to act.
And so I'll close with this Donot fret because of those who
are evil or be envious of thosewho do wrong, for, like the
grass, they will soon wither.
Like green plants, they willsoon die away.
(58:24):
Trust in the Lord and do good.
Dwell in the land and enjoysafe pasture.
Take delight in the Lord, andhe will give you the desires of
your heart.
And so I'll see you on Aprilthe 5th in Spruce Pine, north
Carolina, for the first officialgathering.
It is now my life's mission torevive rural America, one town
(58:44):
at a time.
It's called the Rural RevivalProject, so thank you for
listening.
Speaker 2 (59:06):
Absolutely powerful, ladies and gentlemen Sorry I had
to reset my mic there at theend, I was feeding that audio
through but absolutely powerfuland something is afoot here.
You pay attention to theconsciousness that underpins our
civilization, not only here inthe West, but around the world.
This is something that's goingon.
Decentralization is the future,and the elites, the World
(59:30):
Economic Forum, klaus Schwabiantypes they're fighting against
history.
The New World Order is indirect conflict with the
trajectory of mankind, and soI'm happy to report that there
is good things to look at, andespecially rhetoric like that
that you don't see, haven't seenin our lifetime, especially the
last 30, 40 years in popculture, so that is something
(59:52):
really important to watch.
I don't have much more time.
Arterburngold moreParatroothers coming soon.
Be sure and tune into that,share the links and give us a
good review when you can.
I've got some greatannouncements coming in through
Wolfpack and Wise Wolf, gold andSilver.
Be sure and go and check thatout.
(01:00:13):
If you've got Bitcoin, you wantto use it as cash, and check
that out.
If you've got Bitcoin, you wantto use it as cash.
We're the first and onlyprecious metals dealer in
America to deal with Bitcoin ascash and no fee.
Other dealers take it, but theyalways charge a fee, just like
a credit card.
I don't do that.
That's part of the symbioticrelationship we're creating
there just to bring some morevalue and do something a little
(01:00:34):
bit different.
That's been my mission allalong, so I appreciate each and
every one of you.
I'll see you next week forepisode 500.
So take care of each other.
End of transmission.
Popular Podcasts
Bookmarked by Reese's Book Club
Welcome to Bookmarked by Reese’s Book Club — the podcast where great stories, bold women, and irresistible conversations collide! Hosted by award-winning journalist Danielle Robay, each week new episodes balance thoughtful literary insight with the fervor of buzzy book trends, pop culture and more. Bookmarked brings together celebrities, tastemakers, influencers and authors from Reese's Book Club and beyond to share stories that transcend the page. Pull up a chair. You’re not just listening — you’re part of the conversation.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com