January 22, 2024 • 46 mins
Brace yourself for a riveting expedition into the global financial undercurrents that are stealthily reshaping our world. As your guide, Tony Arterburn, I take you from a frostbitten Texas straight to the scorching frontlines of currency wars and the digital money revolution. Feel the ground tremble beneath your feet as we examine the BRICS Plus coalition's expansion and its shockwaves through the petrodollar's domain, a realm once unchallenged, now teetering on the edge of obsolescence. We'll peel back the layers on the strategic hoarding of gold by nations, signaling a defiance against the greenback, even as Bitcoin and its kin beckon institutional investors into a burgeoning fiscal parallel universe.
The plot thickens with an exploration of the silent but relentless crusade against cold, hard cash, revealing the stealthy advance of Central Bank Digital Currencies and their potential to rewrite the script of economic autonomy. Stand witness as I dissect the IMF's maneuvers in this new theatre of control and sketch out the contours of an emergent cashless paradigm. With no guest to sway the discourse, I'll offer pure, unadulterated insight into the financial metamorphosis unfolding before us, inviting you to join the conversation and arm yourself with knowledge in anticipation of the aftershocks that these seismic shifts in currency and control portend for our collective future.
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Transcript
Episode Transcript
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Speaker 2 (01:23):
Now I almost don't want to set off the intro music.
Might be being six years old inthe different America.
I got to turn it down.
All right, folks, welcome tothe Wise Gold and Crypto Show.
It is Monday, monetary metals,monday markets Monday 22nd of
(01:48):
January 2024.
I'm your host, tony Arterburn.
I'm broadcasting from deepwithin the heart of Texas,
although it's frozen.
Bean's, the Br-a-a-ay.
I made a very quick tripoutside this morning.
She's back in bed.
Everything's frozen over in theyard.
(02:11):
My pipes are frozen,everything's frozen.
So it might be a shorter showtoday because I have to go to
the trading floor to turn insome product.
I can't waste any time gettingstuff like that turned in.
Well, welcome again once andall.
I want to jump right into someheadlines here in me.
(02:32):
I got to turn the music all theway down.
I wanted to leave it on.
It's so much fun because it ismoney for nothing.
All right, folks.
Well, we've got a good show foryou.
It's again a little bit shorter.
We're broadcasting live on allthe technocratic approved
platforms.
I've got Facebook, twitter,both my personal Twitter at Tony
Arterburn and at Wise Wolf Gold, the Wise Wolf Gold and Crypto
(02:54):
Show Facebook page, youtube,rockfin as well, I'll go to the
chat here momentarily over onRockfin and YouTube.
If you've got any comments oryou want to join the program,
anything you want to shout out,I'll see if I can get to it.
Lots of stuff happening week toweek in this moment of history.
(03:15):
Ladies and gentlemen.
It's always going to beinteresting.
D-dollarization is not going tobe pretty and the powers that
be are doing a lot of sleight ofhand.
It's very much a magic tricktrying to get you to look
somewhere else, but that's whyyou tune into me, because I'm
(03:36):
always looking at the thingsthat aren't really headlines
that should be.
And a little bit of gold newstoday, a little bit of crypto
news.
We'll mix in Lots of stuffhappening with the Bitcoin ETFs
in the crypto space and wetalked last week about that.
(03:56):
I don't really care for ETFs andI don't need Larry Fink's
approval from BlackRock or anyof these banksters, but it is
interesting to watch.
You start seeing thisinstitutional money start
flooding into Bitcoin and itjust strengthening it more and
more.
That space continues tostrengthen.
We didn't need their help, butI think a lot of them see the
(04:17):
writing on the wall, theinevitability of well, they
reset really, they call it that.
It's the great reset, the KlausSchwabian World Economic Forum
great reset.
But it starts with currency andof course, it devolves into,
you'll know, nothing can behappy, so we've got to avoid
that.
But it starts with currency.
I think a lot of the elitesknow that and that's why the
(04:41):
crypto space is important,that's why gold's important and
we're going to get into some ofthat today.
And so, starting withde-dollarization, let's look at
this article that's up on Kitco,and I'm a fan of Andy Scheckman
.
He shows up on RobertKiyosaki's Rich Dad radio
program a lot and he owns MilesFranklin Golden Silver.
(05:01):
He's a competitor, but he's areally smart guy, so I tend to
follow what he says.
He was up on gettinginterviewed by Kitco.
Let me put the article on thescreen here.
And Andy says the BRICS Plusexpansion, and we're going to
talk about that BRICS.
What is BRICS Plus?
Brics Plus expansion isaccelerating petrodollar
(05:23):
collapse, ultimately leading tomassive global dollar dump.
Well, that's huge news, isn'tit?
I mean, why is it this all overCNBC?
Aren't they talking about it onthe mainstream hairdo
teleprompter reader networks?
Well, it's probably becausethey don't want you to
understand.
The root of our financialsystem is fake Again, kitco news
(05:49):
.
The BRICS expansion is a majorcatalyst for the ultimate demise
of the US dollar, with theadditional five new members
accelerating thede-dollarization process as they
increase trade in localcurrencies and buy and sell oil
not using the dollar, therebyfurther destabilizing the
petrodollar.
(06:10):
Born to Andy Schechman,president and owner of Miles
Franklin Precious Metals.
If you go back to the history,why do we have a petrodollar?
That's something that HenryKissinger was tasked to set up
following the August 15, 1971announcement by Richard Nixon
(06:32):
that we were closing the goldwindow and leaving the Bretton
Woods Agreement that was set in1944 that pegged gold and the
dollar together for $35 an ounceas the World Reserve currency.
We soon moved into an agreementwith the oil-rich nation,
starting with really the Houseof Saad, that they would trade
(06:55):
oil in dollars.
Therefore, we were pegging thedollar to something, and it was
oil-based, petroleum-based.
Now that's been thrown out thewindow, but if you've been
paying attention, the Bidenadministration just came
straight up and just dumped it,and they've allowed China to
fill that vacuum, russia to fillthat vacuum.
(07:17):
I mean, it's apparent the USadministration is doing a
controlled demolition not onlyof our economy and the empire
but the petrodollar.
And it starts with that.
As of January 1, the BRICS blockBrazil, russia, india, china
and South Africa officiallywelcomed Saudi Arabia, the
(07:39):
United Arab Emirates, egypt,iran and Ethiopia as new members
of the alliance.
That should be the biggestfinancial headline out there.
Right now it's the death knellfor the petrodollar and again
this happened because we have 40different sanctions in 36
different countries weaponizingthe US dollar.
We've used it as a weapon andthe world sees the opportunity
(08:03):
to get away, and they are doingthat.
They're running away andforming their own alliances.
So how is that going to workwhen we need all of that money
velocity, all that trading indollars?
How is that going to work whenthere's dollars are repatriated
or not used?
Well, it's going to devalue thecurrency even further.
I mean, the currency is basedon nothing except for money
(08:27):
velocity, except for itspsychological value that's
placed on it, and, of course,the petrodollar was a very
strong part of that.
Saudi Arabia joining the groupis particularly significant,
given its role in maintainingthe status of the petrodollar.
Shekman told Michelle McCory,lead anchor and editor-in-chief
(08:47):
at Kitco News, quote this is avery big deal.
Shekman said.
Saudi Arabia is the lynchpin tothe dollar hegemony, whether it
emanates from the bricks orfrom within.
The day of reckoning is coming.
I like his choice of language.
All of us goldbugs, we tend tolean towards a reckoning, an
(09:08):
accounting.
We're not just.
We don't believe in unlimitedcurrency creation.
That's not been part of history.
So goldbugs tend to look tohistory.
History tells us that somethingthat the philosopher Voltaire
said about paper currency thatit always returns to its natural
state, which is worthless andzero.
(09:30):
On top of the shifting mindsetin Saudi Arabia, there are also
reports that the United ArabEmirates is ditching the US
dollar oil trade as it looks atindividual oil and gas deals
with up to 15 countries based onlocal currencies.
The UAE is the seventh largestproducer of oil in the world.
They are an OPEC and now aBRICS member.
(09:54):
Shekman said what becomes evenmore provocative is the fact
that Houtan, who hasn't left hiscountry but once or twice over
the last few years because ofthe bounty on his head, just
makes a very impromptu trip tothe United Arab Emirates.
Now what do you think of that?
He said.
I watched that too.
You can't really explain what'shappening in the United States
(10:19):
without really coming to termswith the fact that something
that Tucker Carlson said in hisbook Ship of Fools.
And regardless of what youthink of Tucker Carlson, he said
something very important.
He said how can a countrysurvive like the United States
when the people that rule ithate it?
That's very important to lookto.
(10:42):
We used to have, for all theirfaults, we used to have leaders
that liked to broker deals.
There was the big foreignpolicy stuff of the late 1960s
and the 70s into the 80s withReagan.
But you had the opening ofChina in 72.
Say what you will about, butthey were doing things.
(11:03):
There was a giant.
There was moves geopoliticallyon the grand chessboard by Nixon
and Kissinger.
Again, following opening China,they had an agreement with the
Soviet Union.
It was called the SALT Treaty.
It was the Strategic ArmsLimitation Agreement.
That was to create a spirit ofwhat they called detente.
(11:25):
This was sophisticated.
The dollar was pegged to oilthrough the petrodollar system.
There was at least moves on thegrand chessboard.
What are we doing now?
Just sanctioning, and what?
Just bankruptcy.
There's no alliances.
We're not building any grandalliances, not doing anything,
(11:49):
manufacturing.
All of that is thrown out thewindow.
We have open borders, freetrade, uber, alice.
You can go listen to my radioshow, the Arteburn Radio
Transmission If you want me todig a little bit deeper into
these things, or my podcast PairTruth, or we Go Into Some of
this Stuff, but I don't thinkthis is an accident.
(12:10):
Ladies and gents, you shouldreally pay attention to this.
This is one of those moves thatwill have a reverberating,
massive reaction.
The ripple effect will go intomake it into our reality within
the next six weeks.
This is not going to besomething that oh well, two or
(12:31):
three years.
This is massive.
What the new BRICS Plusrepresents.
Again, this is BRICS Plus.
This isn't Brazil, russia,india, china, south Africa alone
.
This is BRICS Plus.
They're adding countries.
Again.
The world is witnessing the USdollar hegemony being chipped
away a little by little.
(12:51):
Shekman pointed out, every OPECcountry is on the Chinese Belt
and Road Rail Initiative, thelargest infrastructure project
in human history.
Saudi Arabia joined the BRICSand the Shanghai Cooperation
Organization, the largestregional financial and military
organization on the planet, andthey joined BRICS New
Development Bank, he noted.
(13:11):
Russia also took over the BRICSpresidency in 2024, with the
group's annual summit scheduledto take place in Kazan, russia
this fall.
Think about this the Chinese.
This was something the Chinesedid.
The Belt and Road Initiative.
The Chinese again, I'm notdefending the Chinese.
(13:32):
We all know what that tracksback to with the communist state
.
Of course, the Chinesegovernment itself was set up in
1949 by the Rockefellers thatfunded communism and Mao Zedong.
But that's a whole other story.
We go and look at what theChinese are doing.
They go around and buildinfrastructure.
The American Empire is likewell, we're going to bomb you
(13:53):
until you have some freedom.
Then, when you don't reallyhave, we'll have democracy,
which the multinationals willcontrol the levers of that.
But it's going to be a hollowedout thing and it's never really
built up.
Well, china goes around andbuilds infrastructure.
They build dams, they buildelectrical grids, they build
(14:13):
rail lines.
It all has a price to be partof the Belt and Road.
It all has a price, but it'sbuilt through infrastructure,
it's built through economicopportunity.
We really miss the boat andperhaps, again, that's on
purpose.
I'll go to the chat here in asecond too, folks.
By the way, I want to get.
(14:34):
This is a really importantarticle.
Russian President VladimirPutin already announced his
plans for 2024, includingefforts to increase BRICS role
in the international financialsystem.
Putin also recognized thatBRICS Plus now includes 10
countries, with 30 more waitingto join With the expansion, the
block now represents astaggering over 3.5 billion
(14:56):
people, or 45% of the world'spopulation, with the collective
GDP exceeding 28.5 trillion, orabout 28% of the global economy.
The BRICS Plus is now alsoresponsible for producing about
44% of the world's crude oil.
The group has made it clearthat one of its primary
(15:16):
objectives is to move away fromreliance on the US dollar and
trade in their own currencies.
Shekman said when you drilldown into the specifics of what
the BRICS are and theiremergence and they've been
around for a bit, but theiremergence over the last 36
(15:39):
months, there's no accident,folks.
After the, there was aprovocation by NATO and the West
.
They desperately wantedsomething to happen on the
Ukraine front.
They got it.
Russia invaded Ukraine, thesanctions were placed.
But something very interestinghappened there as soon as the
sanctions were placed the rubletank.
(16:01):
But it was only temporary.
And then there was anannouncement that Russia would
no longer deal in dollars.
They pegged a portion of theruble to so many grams of gold
or something.
There was an equation for howyou could trade the ruble back
through gold and their rublewere covered.
(16:21):
And then, all of a sudden, thesanctions were just hollow, but
what was the real damage was theuse of dollars in financial
transactions.
You go back to 2001 and 75% ofall the global transactions were
in dollars.
You fast forward post Ukraine,invasion by Russia and the
(16:44):
sanctions that were placed, andthe dollar velocity and the
usage goes down to 44%.
I don't know what it is now.
I'm sure it's declining furtherand further, but this is.
We have BRICS plus.
Now, ladies and gents,d-dollarization is a phenomenon
that has been years in themaking.
It is now accelerating.
(17:04):
At what point does it becomesubstantial enough in every
metric military GDP, naturalresources, shipping lanes, human
population?
At what point does it becomesubstantial enough that they
flip the switch?
We're going to see that switchwhere there ain't nothing you
can do about it.
Sheckman said you got to likehow Sheckman talks.
(17:24):
He's a man after my own heart.
I think A major sign ofsomething brewing is the BRICS
countries shedding US treasuriesand replacing them with gold,
with China leading the pack.
The central bank gold buying.
He says the BRICS commoncurrency is next.
This was supposedly somethingthat was going to be announced
(17:50):
back in August.
It didn't happen.
They had a meeting.
They don't have to do anything.
The D-Dollarization ishappening all by itself.
You don't need to make a formalannouncement anytime soon.
You can let the chips fall andsee what happens.
But you're just seeingcountries are slowly buttoning
up.
They're dumping the treasuries,they're buying gold.
(18:11):
We can all watch this, becauseI've been talking about it for
years, but especially the last18 months record gold buying by
central banks.
What does that mean?
The central banks aren'tstocking their banks with
currency.
Interesting enough, even theSwiss national bank the Swiss,
(18:32):
where you're supposed to have abanking safe haven.
You believe in some of thehistorical lore.
This was like the Swiss wereset up by the Knights Templar,
the first international bankingcombine.
This was always supposed to beneutrality and banking safe
haven.
The Swiss national bank lostmoney last year.
(18:55):
You make the money and you alsolost money.
The only thing that the Swissnational bank made money on,
actually made a profit on, wastheir gold holdings that they
bought.
Absolutely amazing folks.
Bricks Plus.
I started talking about thebricks years ago.
(19:16):
I was like, well, it's their40% of the world's population.
Just right after you have theinvasion of Ukraine by Russia
and the sanctions, it juststarted.
There was Bricks Plus all of asudden and all these countries
wanted to join.
Countries don't want to be onthe other side of these
sanctions and we're justwilly-nilly throwing them out.
(19:37):
This is what we do.
We I'm saying our government weare losing the world's reserve
currency status.
You can't paint it any otherway.
I'm not being an alarmist.
You're watching it happen inreal time.
By all means I'm sure JimKramer has you can buy some fang
(20:01):
stocks.
It's a real matter.
Let's continue with anotheraspect of this.
This was on zero hedge.
Then I'll go to the chat here.
You guys got anything.
I'll see zero in the YouTubechat.
One crypto is 34,000.
(20:22):
I'll see what that means.
I'll have to look and see whatyou're referring to.
I know the price.
We'll get the price of Bitcoinand gold and silver.
Today I've got a little bit ofnews for Wolfpack as well.
This is another aspect ofde-dollarization.
(20:43):
It's happening in the thirddimension as well, like the
actual war on cash.
If you recall something thathappened in the scammedemic
COVID-1984, the first thing theydid was say we got to turn back
all these dollars that wererepatriated from places like
(21:07):
China because they're dirty orwhatever, and then placed to
stop taking cash.
Then, all of a sudden they'relike I don't know why, but we
have a coin shortage.
They couldn't find enough coins.
I'm like that's because youshut down small business.
You told hundreds of thousandsof businesses they weren't
essential.
Of course, president Fauci madesure that the big box was open.
(21:28):
The big box was open but theydidn't take cash.
He had all these smalloperators again, hundreds of
thousands that weren't makingdaily deposits.
It made some like why is thiseven a mystery to people, those
deposits like convenience stores, restaurants, car washes.
You're not turning in yourcoins for deposits because
you've shut them down.
It wasn't that hard for me tofigure out.
(21:51):
But there was a larger, moresinister reason for that because
cash is freedom.
Of course, gold and silver arefreedom and decentralized crypto
is freedom.
This is a zero hedge.
It's an article that's put outby Schiff Gold the never-ending
(22:15):
war on cash.
It is true, it's never-ending,it's the forever war.
The forever war is on cash.
In the last few decades, therehas been a global shift towards
a cashless world, a trend thatcontinues to shape financial
autonomy.
Physical currency is becomingincreasingly rare, as the
majority of the world's moneysupply exists in electronic form
(22:37):
.
Governments and financialinstitutions are actively
promoting a cashless society,raising concerns about
individual financial freedom.
The Federal Reserve's lastannual update on physical
currency and circulationreported about $2.2 trillion in
physical cash supply.
This includes physical coins,dimes, quarters, dollars and
(23:00):
green Federal Reserve notes.
Nevertheless, there has been arapid shift towards electronic
funds.
In the current era, the totalglobal money supply is
predominantly composed ofelectronic funds, with physical
currency representing adiminishing percentage.
The concept of central bankdigital currencies, cbdc, in the
(23:23):
last year has gainedsubstantial prominence globally.
What's funny, in the last yearI've been talking about CBDC
before.
It was cool.
I guess I've been talking aboutthe world currency.
You go back to 1989 and theEconomist magazine.
Their cover was thisdouble-headed eagle and it said
(23:45):
time for world currency.
This is something that, nowthat they've got the blockchain
technology and the white paperseverything drawn up, this is.
Even the Biden administration,at the beginning of 2021, put
out an executive order to haveall federal executive branches
explore their connection to whata central bank digital currency
(24:09):
would look like in theiroperations.
Now the IMF director,christineling Georgia Jiva,
noted that in her speech lastyear that CBDCs have already
been introduced in the Bahamas,jamaica and Nigeria, with over
100 additional countries,including the United States,
currently in the exploratoryphase.
(24:30):
They introduced it in Nigeria.
It was a complete flop.
Thank you, nigeria.
Nigerians use Bitcoin.
It means ubiquitous, it'severywhere.
The central banksters thought,well, if they like Bitcoin, well
for sure they'll like ourunlimited social credit score,
biometrically controlled garbage.
(24:53):
Nigeria said no, I don't wantany of that.
The push towards a cashlesssociety is often justified on
the grounds of enhanced security, with claims that electronic
transactions deter terrorism,money laundering and
counterfeiting.
Oh well, don't get me startedon where terrorism comes from.
(25:13):
The biggest crooks in the worldwant to make sure that nobody
else is a crook.
I guess the headlines arealways.
It's always about safety.
It has nothing to do withsafety.
This is an absolute control gridthat is being set up to end
(25:34):
history.
Francis Fukuyama, that historyprofessor, wrote that book as
kind of celebrating globalism inthe early 90s is called the End
of History, saying that liberaldemocracy had triumphed and no
more nation states and all thisstuff.
Globalism is on the rise andwe're all going to have
cooperative things.
No, the real end of history isthe coup d'etat of the banking
(26:02):
class over all aspects of ourlives, making politics
impossible, making pushback,making free speech, making free
movement impossible, and they dothat through a central bank
digital currency.
However, upon closerexamination, it becomes apparent
the primary objective is anattempt to bar the doors and
(26:24):
keep assets within the USfinancial system Reduced.
Reliance on physical cashfacilitates increased monitoring
and taxation on financialtransactions, aligning with the
government's and centralplanner's interest, interesting
even the diminishing purchasingpower of the US dollar.
The face value of the FederalReserve notes have also been
(26:45):
decreasing.
Today, the highest denominationnote produced by the Federal
Reserve is a $100 note.
The elimination of higherdenominations such as 500, 1,000
, 5,000, and $10,000 notes beganin 1969.
Why wonder?
Why?
Were they anticipating the factthat massive amounts of our
(27:07):
cash were outside of thecontinental United States and
they were about to decouple itfrom gold?
Discussions continue, with someadvocating for the complete
discontinuation of cash.
Governments benefit from acashless system as it allows for
more efficient taxation andcentral planning, while banks
see advantages in increased feesand regulatory power.
(27:30):
A cashless society results inlarger bank deposits,
contributing to an expansion ofthe money supply through
fractional reserve banking.
Well, of course, and in oursystem, the super Uber Elite.
They don't pay taxes reallybecause they can offshore things
(27:51):
.
They have armies of accountantsand the tax system the tax code
is meant for the wealthy.
That's why they don't fight it.
I mean, the wealthy don't everwant lower taxes because they
don't have to pay them.
That's why they always want usto pay them.
That's why they want us to have.
Warren Buffett advocates highertaxes because they never want
you to reach anywhere near them,so they never have to compete.
(28:12):
You understand, it's like a runout the clock situation.
And then the system alsorequires taxation as a means to
ensure a ruling regime never isthreatened also.
So you have to understand thatthat's their favorite thing.
(28:34):
Even though they're just goingto print the money, they're
going to create the money out ofthin air, or money or the
currency out of thin air, theystill need you to pay your quote
, unquote, fair share.
So this is what all about.
This is a tracking system.
The move towards a cashlesssociety raises concerns about
individual control over personalwealth.
Governments in large banks arelikely to exert increasing
(28:56):
pressure to discourage holdingliquid wealth outside the
banking system.
Acquiring physical cash andprecious metals may become more
challenging, potentiallyreaching a point where coins and
Federal Reserve notes are nolonger considered legal tender.
Well, this is interesting.
There's two things going on atthe same time, you have states
like Texas, missouri, arkansas Imean all across the board.
(29:17):
I'm just naming a few.
Tennessee is looking to set upa Reserve Bank for precious
metals.
This is so important.
Oklahoma they're all doing thisin the face of the
announcements from the federalgovernment and the central bank
about a top down totalitariancontrol system, and so these
(29:38):
states are doing a decentralizedthing.
That's why this is so importantPhysical, without counterparty
risk metals, so importantoutside of the system.
A lot of these states are goingto make cash or gold legal
tender.
They're going to make silverlegal tender, which is wonderful
.
Some states and I want to say Iread it was Ohio some of these
(30:01):
other states.
You can even use Bitcoin to paythings like property tax.
Contrary to paper currency, theintrinsic value of precious
metals, particularly gold andsilver, has hardly been impacted
by the government decision.
We talk more about this in theConfiscation Con White Paper.
You can go in this article.
(30:22):
There's a link to thisConfiscation Con White Paper.
I'd like to see that the use ofgold and silver as money is
determined ultimately by thefree market and the free market
alone.
This is our current reality.
This is like we're thinkingabout my shows or anything.
(30:42):
I don't sugarcoat anything.
We're going to jump right intoit.
You got the emergingde-dollarization.
The United States is losing theworld's reserve currency status
.
The dollar is being replaced,not by one thing.
It's not just China, it's aseries of nations that are
(31:02):
colluding together to offsetthat control and get away from
the possibility of beingsanctioned.
That will have a blowbackeffect.
The CIA has a term for that.
It's called blowback.
What you do, actions haveconsequences.
Who knew there's for everyaction there's an equal and
opposite reaction.
Everything we've done over thelast many decades is finally
(31:24):
blowing back on us with ourdollar weaponization.
You have that aspect.
That train has left the station.
How that's going to end, Idon't know.
It won't be.
Pretty Typically, historyteaches us that when a great
empire starts to lose control ofthe global, the hegemonic
(31:47):
dominance, whether economicallyor military or both, that there
is a conflict.
We don't want that.
We don't want to go to war forthe bankers' war.
We don't want anything to dowith any of that.
That would be set up.
It would all be nonsense and itwould just be organized murder.
We don't want anything to dowith that.
We have to be careful, becausethat's what happens.
I seem to be aware that usuallythere's a currency war, a trade
(32:10):
war and an actual war.
We are in the cycle of historywhere this is a very dangerous
time.
Then you get the war on cash.
That's not something that's aconspiracy theory or made up.
There's a war on cash.
The reason there's a war oncash is because you can't track
that.
There's a war on gold andsilver as legal tender, because
that isn't so much of a Even thegeneral public it's a fraction
(32:35):
of a fraction that actually ownsreal precious metals.
I mean, a lot of people justown it in paper.
That hasn't been attacked asmuch.
That probably is on the docket.
It's on the menu.
You need to be aware of that.
That's why they're attackingcrypto.
Crypto is so much easier.
You get a Bitcoin wallet, youdownload it on your phone.
(32:55):
Your friend has Bitcoin or yourcontact has Bitcoin.
You can turn it in and buysomething with it.
You guys trade it amongstyourselves.
Where's the bank there?
Where's the control there?
Again, that's why there's a waron cash.
There's a war on crypto.
There's a war on gold.
You're going to see thataccelerate as the dollar loses
more of its buying power as thegovernment realizes that it
(33:20):
can't just run this warfarewelfare state willy-nilly.
We can't go on forever withthem printing unlimited funds
from the Treasury or from thecentral bank.
It will have a consequence.
Stay frosty.
All right, let me go to theRockfinchat.
(33:40):
I'm going to hit the YouTubechat.
I appreciate all you guysjoining today.
Oh, nobody in the Rockfinchat.
Well, you never know.
This is a new timeframe for theWise Wolf Gold and Crypto show.
I sure appreciate all you guysbeing here on YouTube.
I've got zero.
(34:01):
He asks what makes a good crypto.
Well, a good crypto issomething that's decentralized.
A good crypto is somethingthat's somewhat stable.
It needs to be.
In my opinion, bitcoin fills alot of that role because it's
finite, it's decentralized.
It's the only crypto and I'mnot a Bitcoin maximalist, but
(34:22):
I'm only really buying Bitcoinright now.
We're going to talk a littlebit about Solana and some
Cardano.
There's a couple of other coinsthat are in the news today.
We'll talk a little bit aboutthat before we close out.
I own probably 10 or 15different cryptos.
I'm not acquiring them rightnow, other than Bitcoin, bitcoin
(34:44):
being finite at 21 million.
They open ledger thedecentralization.
I like Bitcoin.
It's got some flaws, but as faras privacy and other things are
concerned, but it is a, I think, a representation, a store of
value.
That's what I would think makesa good crypto.
(35:05):
I appreciate the question,though it's expensive.
Well, bitcoin is expensivebecause there's only 21 million.
It's the inverted.
It's like the opposite of thedollar, like if the dollar had
an evil twin.
It's like it's the opposite, orBitcoin had an evil twin to
beat the dollar.
(35:25):
All right, let me jump into somemore stories and we'll close
out the show.
Thanks again for everybody.
Joining Means a lot to me.
I've got an interview tomorrow.
That's going to be great.
You're going to go andsubscribe to the actual podcast
channel.
This is going to go up on theWise Wolf Golden Crypto Show.
You guys don't want to miss myinterview.
It's going to go up probablytomorrow afternoon and I'm
(35:47):
recording it tomorrow aroundnoon.
You're going to want to hearthis.
I'm going to put it up on mychannel, so go subscribe so you
don't miss it.
All right, let's hit this storyon Bitcoin ETFs.
I thought this was interesting.
You know, again, I don't needBlackRock to endorse Bitcoin or
(36:08):
anything like that.
I don't need the establishmentfinancial hacks to like it, but
it is interesting to watchbecause the more and more they
play with this, they realizethat their own system is moving
towards.
This is a parallel system.
It's not part of the financialnetwork that's been built on
(36:32):
fake.
There's going to be a lot ofrealizations over the next few
years.
I promise you that Bitcoin ETFsrapidly accumulate 95,000 BTCs,
95,000 Bitcoins, nearing 4billion.
Just six days of trading, therecently approved Spot Bitcoin
Exchange traded funds ETFs havecollectively accumulated
(36:55):
impressive 95,000 BTC, withtotal assets under management
inching close to the 4 billionmark.
According to Eric Balkanus, asenior ETF analyst at Bloomberg
Intelligence, the inflow intothe newly launched ETFs has now
exceeded the outflows from thegrayscale Bitcoin trust.
(37:16):
The net flows now stand at 1.2billion.
This is just the beginning.
I don't think the differencebetween this and the dot-com
bubble of the late 90s, early2000s, leading into 2001,.
(37:40):
The reason that I don't thinkthis will have the same effect
is because you're talking aboutstocks and you're talking about
unlimited.
That's why, when you get intothe counterparty risk now, gold
and silver have the ultimatelystand outside of counterparty
risk, but Bitcoin is again.
(38:02):
It's finite and it's not likeyou can just oh, we're just
going to create more preferredstock.
They can't do that.
As you have more and moreadoption, it becomes more and
more scarce.
The genius of it the fact thatit is finite, but it is also
divisible.
Every Bitcoin, I believe, has100 million Satoshis.
(38:24):
A Satoshi is just afractionalized piece of every
Bitcoin.
That's what makes Bitcoin,because you can use it as
currency, you can use it asmoney, you can use it as a store
of value, but they're not goingto just dump a whole lot more
onto you.
The speculative part of thatyeah, there'll be ups and downs.
(38:47):
It's not going straight up andto the right forever.
It's not how this works, butover the long enough timeline,
it becomes more and more scarce.
It becomes what actual money is.
Fidelity and BlackRock's BitcoinETFs are leading.
Leading the pack among the ETFsare Fidelity's FBTC and
(39:08):
BlackRock's iShares BitcoinTrust, amassing inflows of 1.28
and 1.23 billion respectively.
Fidelity is known as one of themore crypto-friendly
traditional finance firms in theUS.
That could be one reason behindthe popularity of its Bitcoin
ETF, among other things.
(39:28):
The firm has argued that in areport that Bitcoin is better
than gold when it comes tofulfilling specific requirements
in an investment portfolio.
Well, I don't know that it'sbetter than gold.
I've never made that claim.
I don't think you're going tohear that from me, but I do
think this entire space is worthlearning.
(39:48):
We're going to have some peoplein this space, too, on the show
over this year.
I hope you'll all come togetherand download the podcast and
follow me on the live feed,because we're going to learn
stuff together.
I've been in the crypto spacesince 2016,.
Bought my first Bitcoin ATM.
I know enough to be dangerous.
(40:09):
I don't give investment advice.
I own several cryptos, as Imentioned earlier, but right now
I'm only buying.
I'll tell you what I'm buying.
I'm buying BTC.
I use it monthly to pay some ofthe people that I sponsor with
WiseWolf and I just accumulateit on its own just for the sake
(40:32):
of accumulating.
Last story of the day and thenwe'll get you guys out of here.
This is from CoinDash.
Let me put it up on the screen.
I tried to cherry pick what'sthe most notable story.
We don't get too much lost inthe technical, because this
isn't like a trading platformshow, just a 37,000-foot view.
(40:56):
This was CoinDash.
This morning, solana Cardanolead crypto markets lower as
traders grapple with Bitcoinheadwinds.
Coindash 20, a liquid index ofthe highest traded token slumped
2.8% in the last 24 hours.
The WiseWolf phone is ringing.
(41:19):
I guess that's good, right.
I may have to go turn it offone second.
God Be right back, can't havedead air.
I'm my own producer, sorryabout that.
(41:44):
This is the WiseWolf phone.
If I don't answer it, it'lljust keep ringing.
All right, this again.
This was CoinDash.
Prominent cryptocurrenciesstarted the week in the red as
fears of the large Bitcoin VTCsales continued to confront
investors, who are likelyscaling back exposure in the
broader market in anticipationof lower prices.
(42:06):
Coindash 20, a liquid index ofthe highest traded token,
slumped 2.8% in the last 24hours.
Solanas SOL and Cardano's ADAfell 5% in the past 24 hours,
leading losses among majors BNBchains.
Again, this is stemming from somuch pouring into the ETFs, so
(42:32):
much happening with Bitcoin,that a lot of the investors seem
spooked because, well, you'reinflating.
Is there a crash or a bubble ora correction?
Because there's just moreactivity than normal.
Dojacoin DOGE initially buckedthe broader market weakness amid
(42:52):
speculation of adoption and anupcoming feature on social
application X, but has retreatedin the past six hours.
Bitcoin, the world's largestcryptocurrency by market value,
lost the $41,000 support levelearly Monday.
Traders expect prices to fallas low as $38,000 in the coming
weeks, which could lead to morelosses and other cryptocurrency.
(43:15):
This is just a broader view.
There's some pullback in thetrading market.
The influx the initial influxalways happens in anything and
there's profit taking.
I think what you're seeing is anatural path for all of the
(43:36):
crypto market.
Yeah, there's going to beinitial interest inflow, then
there will be profit taking.
There'll be a slump.
Could Bitcoin right now justtrading at $40,728, or a Loose
Ferry and Bankster Notes perBitcoin.
(43:57):
Ethereum's at $2,376.
I remember when I was buyingEthereum for customers when I
had my shop in San Antonio at$200.
That's been a heck of a rise.
Binance coin 311.93,.
Solano $86.99,.
Xrp at $0.51.
(44:19):
The XRP and the Ripple that'sanother story.
We'll have to get into some ofthat.
I've been hearing about it'sused for the ledger and the
banking system as a means topatriot everything and clear.
(44:39):
That could be an interestingdevelopment, but I've not seen
that really get pushed through.
We'll have to check back onthat as well.
All right, folks, I appreciateall of you joining.
That's today's wrap up.
Again, join the podcast channel.
Go and subscribe to the podcastAlways Wolf Golden Crypto Show,
anywhere, podcast or served up.
(45:00):
Go and subscribe to that If youcan give us a rating.
I haven't had a rating theresince February.
If you like the show, if youlike me being my own producer
and having Beans the Brave instudio, give us a five star.
It really helps the algorithmsand people can find us.
We're going to have some greatguests in 2024.
Hopefully the analysis will begood.
(45:21):
You can also find me on myother podcasts the Arteburn
radio transmission andPeritrutor Perotruther.
We do that a couple of times aweek.
I just released excuse me, Ijust recorded I have a new show
released on Perotruther.
It's a great interview with thelegendary Don Jeffries on the
(45:42):
New Orleans connection of theJFK assassination.
I cover a broad spectrum, butGolden, silver Coins, monetary
System Currency that's history.
That's my wheelhouse, so go andcheck that out and subscribe to
the show.
Freeworldfm is also anotherplace you can get.
We're working on more news andwe've got some magnificent hosts
(46:07):
over there.
I'm working on getting an appfor it, so that's going to be
cool.
Just carry it in your pocket.
You can turn on FreeWorldanytime and get some
alternatives.
The alternative to thealternative will be FreeWorldfm.
So thanks everybody for joining.
I appreciate everybody over onRockfinn as well, and we'll be
(46:30):
back next week.
Okay, in a world of bulls andbears, be the wolf.
See you next time.
Now I almost don't want to set off the intro music.
Might be being six years old inthe different America.
I got to turn it down.
All right, folks, welcome tothe Wise Gold and Crypto Show.
It is Monday, monetary metals,monday markets Monday 22nd of
(01:48):
January 2024.
I'm your host, tony Arterburn.
I'm broadcasting from deepwithin the heart of Texas,
although it's frozen.
Bean's, the Br-a-a-ay.
I made a very quick tripoutside this morning.
She's back in bed.
Everything's frozen over in theyard.
(02:11):
My pipes are frozen,everything's frozen.
So it might be a shorter showtoday because I have to go to
the trading floor to turn insome product.
I can't waste any time gettingstuff like that turned in.
Well, welcome again once andall.
I want to jump right into someheadlines here in me.
(02:32):
I got to turn the music all theway down.
I wanted to leave it on.
It's so much fun because it ismoney for nothing.
All right, folks.
Well, we've got a good show foryou.
It's again a little bit shorter.
We're broadcasting live on allthe technocratic approved
platforms.
I've got Facebook, twitter,both my personal Twitter at Tony
Arterburn and at Wise Wolf Gold, the Wise Wolf Gold and Crypto
(02:54):
Show Facebook page, youtube,rockfin as well, I'll go to the
chat here momentarily over onRockfin and YouTube.
If you've got any comments oryou want to join the program,
anything you want to shout out,I'll see if I can get to it.
Lots of stuff happening week toweek in this moment of history.
(03:15):
Ladies and gentlemen.
It's always going to beinteresting.
D-dollarization is not going tobe pretty and the powers that
be are doing a lot of sleight ofhand.
It's very much a magic tricktrying to get you to look
somewhere else, but that's whyyou tune into me, because I'm
(03:36):
always looking at the thingsthat aren't really headlines
that should be.
And a little bit of gold newstoday, a little bit of crypto
news.
We'll mix in Lots of stuffhappening with the Bitcoin ETFs
in the crypto space and wetalked last week about that.
(03:56):
I don't really care for ETFs andI don't need Larry Fink's
approval from BlackRock or anyof these banksters, but it is
interesting to watch.
You start seeing thisinstitutional money start
flooding into Bitcoin and itjust strengthening it more and
more.
That space continues tostrengthen.
We didn't need their help, butI think a lot of them see the
(04:17):
writing on the wall, theinevitability of well, they
reset really, they call it that.
It's the great reset, the KlausSchwabian World Economic Forum
great reset.
But it starts with currency andof course, it devolves into,
you'll know, nothing can behappy, so we've got to avoid
that.
But it starts with currency.
I think a lot of the elitesknow that and that's why the
(04:41):
crypto space is important,that's why gold's important and
we're going to get into some ofthat today.
And so, starting withde-dollarization, let's look at
this article that's up on Kitco,and I'm a fan of Andy Scheckman
.
He shows up on RobertKiyosaki's Rich Dad radio
program a lot and he owns MilesFranklin Golden Silver.
(05:01):
He's a competitor, but he's areally smart guy, so I tend to
follow what he says.
He was up on gettinginterviewed by Kitco.
Let me put the article on thescreen here.
And Andy says the BRICS Plusexpansion, and we're going to
talk about that BRICS.
What is BRICS Plus?
Brics Plus expansion isaccelerating petrodollar
(05:23):
collapse, ultimately leading tomassive global dollar dump.
Well, that's huge news, isn'tit?
I mean, why is it this all overCNBC?
Aren't they talking about it onthe mainstream hairdo
teleprompter reader networks?
Well, it's probably becausethey don't want you to
understand.
The root of our financialsystem is fake Again, kitco news
(05:49):
.
The BRICS expansion is a majorcatalyst for the ultimate demise
of the US dollar, with theadditional five new members
accelerating thede-dollarization process as they
increase trade in localcurrencies and buy and sell oil
not using the dollar, therebyfurther destabilizing the
petrodollar.
(06:10):
Born to Andy Schechman,president and owner of Miles
Franklin Precious Metals.
If you go back to the history,why do we have a petrodollar?
That's something that HenryKissinger was tasked to set up
following the August 15, 1971announcement by Richard Nixon
(06:32):
that we were closing the goldwindow and leaving the Bretton
Woods Agreement that was set in1944 that pegged gold and the
dollar together for $35 an ounceas the World Reserve currency.
We soon moved into an agreementwith the oil-rich nation,
starting with really the Houseof Saad, that they would trade
(06:55):
oil in dollars.
Therefore, we were pegging thedollar to something, and it was
oil-based, petroleum-based.
Now that's been thrown out thewindow, but if you've been
paying attention, the Bidenadministration just came
straight up and just dumped it,and they've allowed China to
fill that vacuum, russia to fillthat vacuum.
(07:17):
I mean, it's apparent the USadministration is doing a
controlled demolition not onlyof our economy and the empire
but the petrodollar.
And it starts with that.
As of January 1, the BRICS blockBrazil, russia, india, china
and South Africa officiallywelcomed Saudi Arabia, the
(07:39):
United Arab Emirates, egypt,iran and Ethiopia as new members
of the alliance.
That should be the biggestfinancial headline out there.
Right now it's the death knellfor the petrodollar and again
this happened because we have 40different sanctions in 36
different countries weaponizingthe US dollar.
We've used it as a weapon andthe world sees the opportunity
(08:03):
to get away, and they are doingthat.
They're running away andforming their own alliances.
So how is that going to workwhen we need all of that money
velocity, all that trading indollars?
How is that going to work whenthere's dollars are repatriated
or not used?
Well, it's going to devalue thecurrency even further.
I mean, the currency is basedon nothing except for money
(08:27):
velocity, except for itspsychological value that's
placed on it, and, of course,the petrodollar was a very
strong part of that.
Saudi Arabia joining the groupis particularly significant,
given its role in maintainingthe status of the petrodollar.
Shekman told Michelle McCory,lead anchor and editor-in-chief
(08:47):
at Kitco News, quote this is avery big deal.
Shekman said.
Saudi Arabia is the lynchpin tothe dollar hegemony, whether it
emanates from the bricks orfrom within.
The day of reckoning is coming.
I like his choice of language.
All of us goldbugs, we tend tolean towards a reckoning, an
(09:08):
accounting.
We're not just.
We don't believe in unlimitedcurrency creation.
That's not been part of history.
So goldbugs tend to look tohistory.
History tells us that somethingthat the philosopher Voltaire
said about paper currency thatit always returns to its natural
state, which is worthless andzero.
(09:30):
On top of the shifting mindsetin Saudi Arabia, there are also
reports that the United ArabEmirates is ditching the US
dollar oil trade as it looks atindividual oil and gas deals
with up to 15 countries based onlocal currencies.
The UAE is the seventh largestproducer of oil in the world.
They are an OPEC and now aBRICS member.
(09:54):
Shekman said what becomes evenmore provocative is the fact
that Houtan, who hasn't left hiscountry but once or twice over
the last few years because ofthe bounty on his head, just
makes a very impromptu trip tothe United Arab Emirates.
Now what do you think of that?
He said.
I watched that too.
You can't really explain what'shappening in the United States
(10:19):
without really coming to termswith the fact that something
that Tucker Carlson said in hisbook Ship of Fools.
And regardless of what youthink of Tucker Carlson, he said
something very important.
He said how can a countrysurvive like the United States
when the people that rule ithate it?
That's very important to lookto.
(10:42):
We used to have, for all theirfaults, we used to have leaders
that liked to broker deals.
There was the big foreignpolicy stuff of the late 1960s
and the 70s into the 80s withReagan.
But you had the opening ofChina in 72.
Say what you will about, butthey were doing things.
(11:03):
There was a giant.
There was moves geopoliticallyon the grand chessboard by Nixon
and Kissinger.
Again, following opening China,they had an agreement with the
Soviet Union.
It was called the SALT Treaty.
It was the Strategic ArmsLimitation Agreement.
That was to create a spirit ofwhat they called detente.
(11:25):
This was sophisticated.
The dollar was pegged to oilthrough the petrodollar system.
There was at least moves on thegrand chessboard.
What are we doing now?
Just sanctioning, and what?
Just bankruptcy.
There's no alliances.
We're not building any grandalliances, not doing anything,
(11:49):
manufacturing.
All of that is thrown out thewindow.
We have open borders, freetrade, uber, alice.
You can go listen to my radioshow, the Arteburn Radio
Transmission If you want me todig a little bit deeper into
these things, or my podcast PairTruth, or we Go Into Some of
this Stuff, but I don't thinkthis is an accident.
(12:10):
Ladies and gents, you shouldreally pay attention to this.
This is one of those moves thatwill have a reverberating,
massive reaction.
The ripple effect will go intomake it into our reality within
the next six weeks.
This is not going to besomething that oh well, two or
(12:31):
three years.
This is massive.
What the new BRICS Plusrepresents.
Again, this is BRICS Plus.
This isn't Brazil, russia,india, china, south Africa alone
.
This is BRICS Plus.
They're adding countries.
Again.
The world is witnessing the USdollar hegemony being chipped
away a little by little.
(12:51):
Shekman pointed out, every OPECcountry is on the Chinese Belt
and Road Rail Initiative, thelargest infrastructure project
in human history.
Saudi Arabia joined the BRICSand the Shanghai Cooperation
Organization, the largestregional financial and military
organization on the planet, andthey joined BRICS New
Development Bank, he noted.
(13:11):
Russia also took over the BRICSpresidency in 2024, with the
group's annual summit scheduledto take place in Kazan, russia
this fall.
Think about this the Chinese.
This was something the Chinesedid.
The Belt and Road Initiative.
The Chinese again, I'm notdefending the Chinese.
(13:32):
We all know what that tracksback to with the communist state
.
Of course, the Chinesegovernment itself was set up in
1949 by the Rockefellers thatfunded communism and Mao Zedong.
But that's a whole other story.
We go and look at what theChinese are doing.
They go around and buildinfrastructure.
The American Empire is likewell, we're going to bomb you
(13:53):
until you have some freedom.
Then, when you don't reallyhave, we'll have democracy,
which the multinationals willcontrol the levers of that.
But it's going to be a hollowedout thing and it's never really
built up.
Well, china goes around andbuilds infrastructure.
They build dams, they buildelectrical grids, they build
(14:13):
rail lines.
It all has a price to be partof the Belt and Road.
It all has a price, but it'sbuilt through infrastructure,
it's built through economicopportunity.
We really miss the boat andperhaps, again, that's on
purpose.
I'll go to the chat here in asecond too, folks.
By the way, I want to get.
(14:34):
This is a really importantarticle.
Russian President VladimirPutin already announced his
plans for 2024, includingefforts to increase BRICS role
in the international financialsystem.
Putin also recognized thatBRICS Plus now includes 10
countries, with 30 more waitingto join With the expansion, the
block now represents astaggering over 3.5 billion
(14:56):
people, or 45% of the world'spopulation, with the collective
GDP exceeding 28.5 trillion, orabout 28% of the global economy.
The BRICS Plus is now alsoresponsible for producing about
44% of the world's crude oil.
The group has made it clearthat one of its primary
(15:16):
objectives is to move away fromreliance on the US dollar and
trade in their own currencies.
Shekman said when you drilldown into the specifics of what
the BRICS are and theiremergence and they've been
around for a bit, but theiremergence over the last 36
(15:39):
months, there's no accident,folks.
After the, there was aprovocation by NATO and the West
.
They desperately wantedsomething to happen on the
Ukraine front.
They got it.
Russia invaded Ukraine, thesanctions were placed.
But something very interestinghappened there as soon as the
sanctions were placed the rubletank.
(16:01):
But it was only temporary.
And then there was anannouncement that Russia would
no longer deal in dollars.
They pegged a portion of theruble to so many grams of gold
or something.
There was an equation for howyou could trade the ruble back
through gold and their rublewere covered.
(16:21):
And then, all of a sudden, thesanctions were just hollow, but
what was the real damage was theuse of dollars in financial
transactions.
You go back to 2001 and 75% ofall the global transactions were
in dollars.
You fast forward post Ukraine,invasion by Russia and the
(16:44):
sanctions that were placed, andthe dollar velocity and the
usage goes down to 44%.
I don't know what it is now.
I'm sure it's declining furtherand further, but this is.
We have BRICS plus.
Now, ladies and gents,d-dollarization is a phenomenon
that has been years in themaking.
It is now accelerating.
(17:04):
At what point does it becomesubstantial enough in every
metric military GDP, naturalresources, shipping lanes, human
population?
At what point does it becomesubstantial enough that they
flip the switch?
We're going to see that switchwhere there ain't nothing you
can do about it.
Sheckman said you got to likehow Sheckman talks.
(17:24):
He's a man after my own heart.
I think A major sign ofsomething brewing is the BRICS
countries shedding US treasuriesand replacing them with gold,
with China leading the pack.
The central bank gold buying.
He says the BRICS commoncurrency is next.
This was supposedly somethingthat was going to be announced
(17:50):
back in August.
It didn't happen.
They had a meeting.
They don't have to do anything.
The D-Dollarization ishappening all by itself.
You don't need to make a formalannouncement anytime soon.
You can let the chips fall andsee what happens.
But you're just seeingcountries are slowly buttoning
up.
They're dumping the treasuries,they're buying gold.
(18:11):
We can all watch this, becauseI've been talking about it for
years, but especially the last18 months record gold buying by
central banks.
What does that mean?
The central banks aren'tstocking their banks with
currency.
Interesting enough, even theSwiss national bank the Swiss,
(18:32):
where you're supposed to have abanking safe haven.
You believe in some of thehistorical lore.
This was like the Swiss wereset up by the Knights Templar,
the first international bankingcombine.
This was always supposed to beneutrality and banking safe
haven.
The Swiss national bank lostmoney last year.
(18:55):
You make the money and you alsolost money.
The only thing that the Swissnational bank made money on,
actually made a profit on, wastheir gold holdings that they
bought.
Absolutely amazing folks.
Bricks Plus.
I started talking about thebricks years ago.
(19:16):
I was like, well, it's their40% of the world's population.
Just right after you have theinvasion of Ukraine by Russia
and the sanctions, it juststarted.
There was Bricks Plus all of asudden and all these countries
wanted to join.
Countries don't want to be onthe other side of these
sanctions and we're justwilly-nilly throwing them out.
(19:37):
This is what we do.
We I'm saying our government weare losing the world's reserve
currency status.
You can't paint it any otherway.
I'm not being an alarmist.
You're watching it happen inreal time.
By all means I'm sure JimKramer has you can buy some fang
(20:01):
stocks.
It's a real matter.
Let's continue with anotheraspect of this.
This was on zero hedge.
Then I'll go to the chat here.
You guys got anything.
I'll see zero in the YouTubechat.
One crypto is 34,000.
(20:22):
I'll see what that means.
I'll have to look and see whatyou're referring to.
I know the price.
We'll get the price of Bitcoinand gold and silver.
Today I've got a little bit ofnews for Wolfpack as well.
This is another aspect ofde-dollarization.
(20:43):
It's happening in the thirddimension as well, like the
actual war on cash.
If you recall something thathappened in the scammedemic
COVID-1984, the first thing theydid was say we got to turn back
all these dollars that wererepatriated from places like
(21:07):
China because they're dirty orwhatever, and then placed to
stop taking cash.
Then, all of a sudden they'relike I don't know why, but we
have a coin shortage.
They couldn't find enough coins.
I'm like that's because youshut down small business.
You told hundreds of thousandsof businesses they weren't
essential.
Of course, president Fauci madesure that the big box was open.
(21:28):
The big box was open but theydidn't take cash.
He had all these smalloperators again, hundreds of
thousands that weren't makingdaily deposits.
It made some like why is thiseven a mystery to people, those
deposits like convenience stores, restaurants, car washes.
You're not turning in yourcoins for deposits because
you've shut them down.
It wasn't that hard for me tofigure out.
(21:51):
But there was a larger, moresinister reason for that because
cash is freedom.
Of course, gold and silver arefreedom and decentralized crypto
is freedom.
This is a zero hedge.
It's an article that's put outby Schiff Gold the never-ending
(22:15):
war on cash.
It is true, it's never-ending,it's the forever war.
The forever war is on cash.
In the last few decades, therehas been a global shift towards
a cashless world, a trend thatcontinues to shape financial
autonomy.
Physical currency is becomingincreasingly rare, as the
majority of the world's moneysupply exists in electronic form
(22:37):
.
Governments and financialinstitutions are actively
promoting a cashless society,raising concerns about
individual financial freedom.
The Federal Reserve's lastannual update on physical
currency and circulationreported about $2.2 trillion in
physical cash supply.
This includes physical coins,dimes, quarters, dollars and
(23:00):
green Federal Reserve notes.
Nevertheless, there has been arapid shift towards electronic
funds.
In the current era, the totalglobal money supply is
predominantly composed ofelectronic funds, with physical
currency representing adiminishing percentage.
The concept of central bankdigital currencies, cbdc, in the
(23:23):
last year has gainedsubstantial prominence globally.
What's funny, in the last yearI've been talking about CBDC
before.
It was cool.
I guess I've been talking aboutthe world currency.
You go back to 1989 and theEconomist magazine.
Their cover was thisdouble-headed eagle and it said
(23:45):
time for world currency.
This is something that, nowthat they've got the blockchain
technology and the white paperseverything drawn up, this is.
Even the Biden administration,at the beginning of 2021, put
out an executive order to haveall federal executive branches
explore their connection to whata central bank digital currency
(24:09):
would look like in theiroperations.
Now the IMF director,christineling Georgia Jiva,
noted that in her speech lastyear that CBDCs have already
been introduced in the Bahamas,jamaica and Nigeria, with over
100 additional countries,including the United States,
currently in the exploratoryphase.
(24:30):
They introduced it in Nigeria.
It was a complete flop.
Thank you, nigeria.
Nigerians use Bitcoin.
It means ubiquitous, it'severywhere.
The central banksters thought,well, if they like Bitcoin, well
for sure they'll like ourunlimited social credit score,
biometrically controlled garbage.
(24:53):
Nigeria said no, I don't wantany of that.
The push towards a cashlesssociety is often justified on
the grounds of enhanced security, with claims that electronic
transactions deter terrorism,money laundering and
counterfeiting.
Oh well, don't get me startedon where terrorism comes from.
(25:13):
The biggest crooks in the worldwant to make sure that nobody
else is a crook.
I guess the headlines arealways.
It's always about safety.
It has nothing to do withsafety.
This is an absolute control gridthat is being set up to end
(25:34):
history.
Francis Fukuyama, that historyprofessor, wrote that book as
kind of celebrating globalism inthe early 90s is called the End
of History, saying that liberaldemocracy had triumphed and no
more nation states and all thisstuff.
Globalism is on the rise andwe're all going to have
cooperative things.
No, the real end of history isthe coup d'etat of the banking
(26:02):
class over all aspects of ourlives, making politics
impossible, making pushback,making free speech, making free
movement impossible, and they dothat through a central bank
digital currency.
However, upon closerexamination, it becomes apparent
the primary objective is anattempt to bar the doors and
(26:24):
keep assets within the USfinancial system Reduced.
Reliance on physical cashfacilitates increased monitoring
and taxation on financialtransactions, aligning with the
government's and centralplanner's interest, interesting
even the diminishing purchasingpower of the US dollar.
The face value of the FederalReserve notes have also been
(26:45):
decreasing.
Today, the highest denominationnote produced by the Federal
Reserve is a $100 note.
The elimination of higherdenominations such as 500, 1,000
, 5,000, and $10,000 notes beganin 1969.
Why wonder?
Why?
Were they anticipating the factthat massive amounts of our
(27:07):
cash were outside of thecontinental United States and
they were about to decouple itfrom gold?
Discussions continue, with someadvocating for the complete
discontinuation of cash.
Governments benefit from acashless system as it allows for
more efficient taxation andcentral planning, while banks
see advantages in increased feesand regulatory power.
(27:30):
A cashless society results inlarger bank deposits,
contributing to an expansion ofthe money supply through
fractional reserve banking.
Well, of course, and in oursystem, the super Uber Elite.
They don't pay taxes reallybecause they can offshore things
(27:51):
.
They have armies of accountantsand the tax system the tax code
is meant for the wealthy.
That's why they don't fight it.
I mean, the wealthy don't everwant lower taxes because they
don't have to pay them.
That's why they always want usto pay them.
That's why they want us to have.
Warren Buffett advocates highertaxes because they never want
you to reach anywhere near them,so they never have to compete.
(28:12):
You understand, it's like a runout the clock situation.
And then the system alsorequires taxation as a means to
ensure a ruling regime never isthreatened also.
So you have to understand thatthat's their favorite thing.
(28:34):
Even though they're just goingto print the money, they're
going to create the money out ofthin air, or money or the
currency out of thin air, theystill need you to pay your quote
, unquote, fair share.
So this is what all about.
This is a tracking system.
The move towards a cashlesssociety raises concerns about
individual control over personalwealth.
Governments in large banks arelikely to exert increasing
(28:56):
pressure to discourage holdingliquid wealth outside the
banking system.
Acquiring physical cash andprecious metals may become more
challenging, potentiallyreaching a point where coins and
Federal Reserve notes are nolonger considered legal tender.
Well, this is interesting.
There's two things going on atthe same time, you have states
like Texas, missouri, arkansas Imean all across the board.
(29:17):
I'm just naming a few.
Tennessee is looking to set upa Reserve Bank for precious
metals.
This is so important.
Oklahoma they're all doing thisin the face of the
announcements from the federalgovernment and the central bank
about a top down totalitariancontrol system, and so these
(29:38):
states are doing a decentralizedthing.
That's why this is so importantPhysical, without counterparty
risk metals, so importantoutside of the system.
A lot of these states are goingto make cash or gold legal
tender.
They're going to make silverlegal tender, which is wonderful
.
Some states and I want to say Iread it was Ohio some of these
(30:01):
other states.
You can even use Bitcoin to paythings like property tax.
Contrary to paper currency, theintrinsic value of precious
metals, particularly gold andsilver, has hardly been impacted
by the government decision.
We talk more about this in theConfiscation Con White Paper.
You can go in this article.
(30:22):
There's a link to thisConfiscation Con White Paper.
I'd like to see that the use ofgold and silver as money is
determined ultimately by thefree market and the free market
alone.
This is our current reality.
This is like we're thinkingabout my shows or anything.
(30:42):
I don't sugarcoat anything.
We're going to jump right intoit.
You got the emergingde-dollarization.
The United States is losing theworld's reserve currency status
.
The dollar is being replaced,not by one thing.
It's not just China, it's aseries of nations that are
(31:02):
colluding together to offsetthat control and get away from
the possibility of beingsanctioned.
That will have a blowbackeffect.
The CIA has a term for that.
It's called blowback.
What you do, actions haveconsequences.
Who knew there's for everyaction there's an equal and
opposite reaction.
Everything we've done over thelast many decades is finally
(31:24):
blowing back on us with ourdollar weaponization.
You have that aspect.
That train has left the station.
How that's going to end, Idon't know.
It won't be.
Pretty Typically, historyteaches us that when a great
empire starts to lose control ofthe global, the hegemonic
(31:47):
dominance, whether economicallyor military or both, that there
is a conflict.
We don't want that.
We don't want to go to war forthe bankers' war.
We don't want anything to dowith any of that.
That would be set up.
It would all be nonsense and itwould just be organized murder.
We don't want anything to dowith that.
We have to be careful, becausethat's what happens.
I seem to be aware that usuallythere's a currency war, a trade
(32:10):
war and an actual war.
We are in the cycle of historywhere this is a very dangerous
time.
Then you get the war on cash.
That's not something that's aconspiracy theory or made up.
There's a war on cash.
The reason there's a war oncash is because you can't track
that.
There's a war on gold andsilver as legal tender, because
that isn't so much of a Even thegeneral public it's a fraction
(32:35):
of a fraction that actually ownsreal precious metals.
I mean, a lot of people justown it in paper.
That hasn't been attacked asmuch.
That probably is on the docket.
It's on the menu.
You need to be aware of that.
That's why they're attackingcrypto.
Crypto is so much easier.
You get a Bitcoin wallet, youdownload it on your phone.
(32:55):
Your friend has Bitcoin or yourcontact has Bitcoin.
You can turn it in and buysomething with it.
You guys trade it amongstyourselves.
Where's the bank there?
Where's the control there?
Again, that's why there's a waron cash.
There's a war on crypto.
There's a war on gold.
You're going to see thataccelerate as the dollar loses
more of its buying power as thegovernment realizes that it
(33:20):
can't just run this warfarewelfare state willy-nilly.
We can't go on forever withthem printing unlimited funds
from the Treasury or from thecentral bank.
It will have a consequence.
Stay frosty.
All right, let me go to theRockfinchat.
(33:40):
I'm going to hit the YouTubechat.
I appreciate all you guysjoining today.
Oh, nobody in the Rockfinchat.
Well, you never know.
This is a new timeframe for theWise Wolf Gold and Crypto show.
I sure appreciate all you guysbeing here on YouTube.
I've got zero.
(34:01):
He asks what makes a good crypto.
Well, a good crypto issomething that's decentralized.
A good crypto is somethingthat's somewhat stable.
It needs to be.
In my opinion, bitcoin fills alot of that role because it's
finite, it's decentralized.
It's the only crypto and I'mnot a Bitcoin maximalist, but
(34:22):
I'm only really buying Bitcoinright now.
We're going to talk a littlebit about Solana and some
Cardano.
There's a couple of other coinsthat are in the news today.
We'll talk a little bit aboutthat before we close out.
I own probably 10 or 15different cryptos.
I'm not acquiring them rightnow, other than Bitcoin, bitcoin
(34:44):
being finite at 21 million.
They open ledger thedecentralization.
I like Bitcoin.
It's got some flaws, but as faras privacy and other things are
concerned, but it is a, I think, a representation, a store of
value.
That's what I would think makesa good crypto.
(35:05):
I appreciate the question,though it's expensive.
Well, bitcoin is expensivebecause there's only 21 million.
It's the inverted.
It's like the opposite of thedollar, like if the dollar had
an evil twin.
It's like it's the opposite, orBitcoin had an evil twin to
beat the dollar.
(35:25):
All right, let me jump into somemore stories and we'll close
out the show.
Thanks again for everybody.
Joining Means a lot to me.
I've got an interview tomorrow.
That's going to be great.
You're going to go andsubscribe to the actual podcast
channel.
This is going to go up on theWise Wolf Golden Crypto Show.
You guys don't want to miss myinterview.
It's going to go up probablytomorrow afternoon and I'm
(35:47):
recording it tomorrow aroundnoon.
You're going to want to hearthis.
I'm going to put it up on mychannel, so go subscribe so you
don't miss it.
All right, let's hit this storyon Bitcoin ETFs.
I thought this was interesting.
You know, again, I don't needBlackRock to endorse Bitcoin or
(36:08):
anything like that.
I don't need the establishmentfinancial hacks to like it, but
it is interesting to watchbecause the more and more they
play with this, they realizethat their own system is moving
towards.
This is a parallel system.
It's not part of the financialnetwork that's been built on
(36:32):
fake.
There's going to be a lot ofrealizations over the next few
years.
I promise you that Bitcoin ETFsrapidly accumulate 95,000 BTCs,
95,000 Bitcoins, nearing 4billion.
Just six days of trading, therecently approved Spot Bitcoin
Exchange traded funds ETFs havecollectively accumulated
(36:55):
impressive 95,000 BTC, withtotal assets under management
inching close to the 4 billionmark.
According to Eric Balkanus, asenior ETF analyst at Bloomberg
Intelligence, the inflow intothe newly launched ETFs has now
exceeded the outflows from thegrayscale Bitcoin trust.
(37:16):
The net flows now stand at 1.2billion.
This is just the beginning.
I don't think the differencebetween this and the dot-com
bubble of the late 90s, early2000s, leading into 2001,.
(37:40):
The reason that I don't thinkthis will have the same effect
is because you're talking aboutstocks and you're talking about
unlimited.
That's why, when you get intothe counterparty risk now, gold
and silver have the ultimatelystand outside of counterparty
risk, but Bitcoin is again.
(38:02):
It's finite and it's not likeyou can just oh, we're just
going to create more preferredstock.
They can't do that.
As you have more and moreadoption, it becomes more and
more scarce.
The genius of it the fact thatit is finite, but it is also
divisible.
Every Bitcoin, I believe, has100 million Satoshis.
(38:24):
A Satoshi is just afractionalized piece of every
Bitcoin.
That's what makes Bitcoin,because you can use it as
currency, you can use it asmoney, you can use it as a store
of value, but they're not goingto just dump a whole lot more
onto you.
The speculative part of thatyeah, there'll be ups and downs.
(38:47):
It's not going straight up andto the right forever.
It's not how this works, butover the long enough timeline,
it becomes more and more scarce.
It becomes what actual money is.
Fidelity and BlackRock's BitcoinETFs are leading.
Leading the pack among the ETFsare Fidelity's FBTC and
(39:08):
BlackRock's iShares BitcoinTrust, amassing inflows of 1.28
and 1.23 billion respectively.
Fidelity is known as one of themore crypto-friendly
traditional finance firms in theUS.
That could be one reason behindthe popularity of its Bitcoin
ETF, among other things.
(39:28):
The firm has argued that in areport that Bitcoin is better
than gold when it comes tofulfilling specific requirements
in an investment portfolio.
Well, I don't know that it'sbetter than gold.
I've never made that claim.
I don't think you're going tohear that from me, but I do
think this entire space is worthlearning.
(39:48):
We're going to have some peoplein this space, too, on the show
over this year.
I hope you'll all come togetherand download the podcast and
follow me on the live feed,because we're going to learn
stuff together.
I've been in the crypto spacesince 2016,.
Bought my first Bitcoin ATM.
I know enough to be dangerous.
(40:09):
I don't give investment advice.
I own several cryptos, as Imentioned earlier, but right now
I'm only buying.
I'll tell you what I'm buying.
I'm buying BTC.
I use it monthly to pay some ofthe people that I sponsor with
WiseWolf and I just accumulateit on its own just for the sake
(40:32):
of accumulating.
Last story of the day and thenwe'll get you guys out of here.
This is from CoinDash.
Let me put it up on the screen.
I tried to cherry pick what'sthe most notable story.
We don't get too much lost inthe technical, because this
isn't like a trading platformshow, just a 37,000-foot view.
(40:56):
This was CoinDash.
This morning, solana Cardanolead crypto markets lower as
traders grapple with Bitcoinheadwinds.
Coindash 20, a liquid index ofthe highest traded token slumped
2.8% in the last 24 hours.
The WiseWolf phone is ringing.
(41:19):
I guess that's good, right.
I may have to go turn it offone second.
God Be right back, can't havedead air.
I'm my own producer, sorryabout that.
(41:44):
This is the WiseWolf phone.
If I don't answer it, it'lljust keep ringing.
All right, this again.
This was CoinDash.
Prominent cryptocurrenciesstarted the week in the red as
fears of the large Bitcoin VTCsales continued to confront
investors, who are likelyscaling back exposure in the
broader market in anticipationof lower prices.
(42:06):
Coindash 20, a liquid index ofthe highest traded token,
slumped 2.8% in the last 24hours.
Solanas SOL and Cardano's ADAfell 5% in the past 24 hours,
leading losses among majors BNBchains.
Again, this is stemming from somuch pouring into the ETFs, so
(42:32):
much happening with Bitcoin,that a lot of the investors seem
spooked because, well, you'reinflating.
Is there a crash or a bubble ora correction?
Because there's just moreactivity than normal.
Dojacoin DOGE initially buckedthe broader market weakness amid
(42:52):
speculation of adoption and anupcoming feature on social
application X, but has retreatedin the past six hours.
Bitcoin, the world's largestcryptocurrency by market value,
lost the $41,000 support levelearly Monday.
Traders expect prices to fallas low as $38,000 in the coming
weeks, which could lead to morelosses and other cryptocurrency.
(43:15):
This is just a broader view.
There's some pullback in thetrading market.
The influx the initial influxalways happens in anything and
there's profit taking.
I think what you're seeing is anatural path for all of the
(43:36):
crypto market.
Yeah, there's going to beinitial interest inflow, then
there will be profit taking.
There'll be a slump.
Could Bitcoin right now justtrading at $40,728, or a Loose
Ferry and Bankster Notes perBitcoin.
(43:57):
Ethereum's at $2,376.
I remember when I was buyingEthereum for customers when I
had my shop in San Antonio at$200.
That's been a heck of a rise.
Binance coin 311.93,.
Solano $86.99,.
Xrp at $0.51.
(44:19):
The XRP and the Ripple that'sanother story.
We'll have to get into some ofthat.
I've been hearing about it'sused for the ledger and the
banking system as a means topatriot everything and clear.
(44:39):
That could be an interestingdevelopment, but I've not seen
that really get pushed through.
We'll have to check back onthat as well.
All right, folks, I appreciateall of you joining.
That's today's wrap up.
Again, join the podcast channel.
Go and subscribe to the podcastAlways Wolf Golden Crypto Show,
anywhere, podcast or served up.
(45:00):
Go and subscribe to that If youcan give us a rating.
I haven't had a rating theresince February.
If you like the show, if youlike me being my own producer
and having Beans the Brave instudio, give us a five star.
It really helps the algorithmsand people can find us.
We're going to have some greatguests in 2024.
Hopefully the analysis will begood.
(45:21):
You can also find me on myother podcasts the Arteburn
radio transmission andPeritrutor Perotruther.
We do that a couple of times aweek.
I just released excuse me, Ijust recorded I have a new show
released on Perotruther.
It's a great interview with thelegendary Don Jeffries on the
(45:42):
New Orleans connection of theJFK assassination.
I cover a broad spectrum, butGolden, silver Coins, monetary
System Currency that's history.
That's my wheelhouse, so go andcheck that out and subscribe to
the show.
Freeworldfm is also anotherplace you can get.
We're working on more news andwe've got some magnificent hosts
(46:07):
over there.
I'm working on getting an appfor it, so that's going to be
cool.
Just carry it in your pocket.
You can turn on FreeWorldanytime and get some
alternatives.
The alternative to thealternative will be FreeWorldfm.
So thanks everybody for joining.
I appreciate everybody over onRockfinn as well, and we'll be
(46:30):
back next week.
Okay, in a world of bulls andbears, be the wolf.
See you next time.
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