March 21, 2024 • 34 mins
Tony Arterburn, DavidKnight.gold,
- Time for an election and interest rate drops as scheduled
- BlackRock moves into tokenization & "digital liquidity fund"
- Liz Warren's Wealth Tax
- Listeners' questions
- How to set up or roll-over a metals commodity IRA
- And more
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Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:05):
All right, and joining us now is Tony Ardabon
of Wise Wolf, Gold and Silver,and Tony has set up DavidNight
Gold.
To take you there and let himknow that you're coming through
me.
We've had Tony as a friend anda contributor and a supporter
for a very, very long time.
It's always a pleasure to haveTony on.
Thanks for joining us, Tony.
Speaker 2 (00:25):
Thanks for having me back, David.
It's always good to see you.
Speaker 1 (00:27):
Well, it's been kind of interesting, isn't it?
Well, tony knew this was goingto happen.
It's no surprise election yearwhere they've got the rationale
for it or not, they don't care,they will create a rationale.
And so now they started talkingabout doing some Fed interest
rate cuts and this having theanticipated effect, isn't it?
Speaker 2 (00:48):
Well, they're counting on the memory of the
American people being very short, as it usually is.
Gord Middall said we were theUnited States of Amnesia.
I go back to two years ago.
They were talking about oh,this inflation is transitory
yeah, I use the transitory andnow they've gone so far as to
say we're at the terminal rate.
I like that phrase, theology alot better.
(01:09):
But they didn't move interestrates.
But they're hinting and theyare going to you and I both know
this are going to lowerinterest rates.
It looks like somewhere aroundthree times this year.
But if you look a littlefurther down the road, in 2025,
they're going to happen.
They'll have to raise interestrates again because inflation is
going to go completely out ofcontrol.
(01:32):
The headlines across everythingthat I look at when I monitor
precious metals is that gold hitits all time high, which I
think is something that'sinevitable.
It's not even surprisinganymore, but what it should have
said is that the dollar hit itsall time low.
I think we need to startlooking at it that way.
The dollar is continuing to hitanother all time low and
(01:53):
commodities and precious metals,the prices, are being reset
globally.
That's the big story here.
That's the takeaway, but Ithink we're watching these
interest rates.
It's a sideshow, david.
The interest rates are going toget lowered.
We're going to have a fakeeconomy, going into a fake
election with fake politicians,just like we always do.
Except the consequences, Ithink, with the dollar losing
(02:17):
the world's reserve currencystatus.
I think these are the much moredire consequences than we've
had in the past.
Speaker 1 (02:23):
I guess it's kind of like the old thing is the glass
half empty or half full?
I guess it depends on whetheryou're measuring the water or
the air.
The dollar would be equivalentto measuring the air.
Gold would be equivalent to thewater, the actual stuff, that's
right.
Speaker 2 (02:38):
It's like the Matrix with the little boy and the
spoon bender.
Is that what you have toremember?
There is no spoon.
It's kind of like there is nocurrency here.
It's your imagination.
Speaker 1 (02:48):
Oh man, I'll tell you .
So just the rumor of what we'regoing to have an interest rate
cut, maybe coming up this summer, maybe three months from now,
maybe in June or whatever Justthe rumor of that Sent the stock
market up, Sent gold up, Sentcrypto up.
What it did was, as you pointout, it sent the dollar down.
(03:09):
More so than thinking it Well,everything went up except for
the dollar.
What it did was when they said,well, we're going to devalue
the dollar by doing this, we allknew they were going to do it
for the election.
They're demanding that this bedone.
We've got Elizabeth Warren, aswell as Bernie Sanders, those
(03:29):
two economic experts, sending ademand letter with 19 Democrats
from Congress telling them youbetter lower the interest rates.
They give every reason they canthink of and none of them valid
, except for the fact that it'san election year.
That's the key thing, isn't it?
Speaker 2 (03:45):
Well, I liked your analysis this morning at the
beginning of the show, when youwere talking about this writing
unlimited checks.
Yeah, there's no fiscalresponsibility left.
That's not in any of thevernacular coming out of
Washington DC or the politicalparties.
I'm not talking about that atall.
It used to be a big issue.
That's right and, as you notice, that's the dog it does, and
(04:06):
nobody talks about it anymore.
And so I think we're watchingthis death of a currency, the
looting of the treasury.
All bets are off.
That's what we're watching andyou're exactly right.
The only thing that rains inthis out of control federal
government, the out of controlthe Wall Street criminals, the
only thing that rains them in isthe loss of the world's reserve
(04:28):
currency status of the dollar,this money velocity.
You can just go and continue toprint without consequence, but
the consequences are real, theyaffect real people in real time
and I think again, fake money,real consequences, and that's
what we're watching play out of.
Speaker 1 (04:46):
Oh, absolutely, and that's one of the reasons why
you've got Russia and Chinamoving with bricks and
everything, because theyunderstand that's our superpower
.
Our superpower is to be able tocreate money out of thin air.
That's what real Americanexceptionalism is about.
We've got a couple of questionshere on Rockfin.
Gordon Shumway says gold isgoing to go to 3,000, silver to
(05:07):
90.
When is the bubble going toburst?
Speaker 2 (05:13):
Well, I go back to 2020.
That's a good question for goldbugs and silver bugs like me.
I've been paying attention tothis for years and years and
again, it's something thatcannot go on.
Forever will stop.
That's Herbert Stein's lawNever underestimate how willing
the powers that be are todevalue currency and to create
(05:36):
new currency supply.
We have a trillion new dollarsin debt every 90 days Now.
It took us from 1776 to 1980 togo a trillion dollars in debt
for the United States of America.
Now it's every 90 days.
So everything is accelerating.
To make a call on when silver isgoing to break its all time
high, you know again, 50, $52.50in 1980 for silver.
(05:59):
It did it.
It did it close to that againin 2011.
Gold came close to 2000 orbroke 2000 in 2011.
And again Ben Bernanke camealong and said oh well, calm
everybody down and said we won't.
We won't do the tarp fundsagain and the bailouts and the
too big to fail.
Don't worry about that.
We're going to have a lot morefiscal responsibility and all
(06:21):
that is going to tone everythingdown.
And precious metals fell, yeah,and they fell for a while.
And then again, 2020, goldbreaks its all time high.
I was hosting your show down inAustin when it did on August, I
believe August 6, 2020.
But again, the ride from therehas been strange because of all
of this intervention.
And this is a very powerfulentity and you've had, you know,
(06:43):
I've had Stuart Angward on, whowrote the book rigged about the
gold and silver markets, abouthow the bullion banks, the giant
ones, work with the centralbank, because in the West fiat
currency not just the dollar thefiat currencies that war with
gold, so they don't they have avested interest in the price not
going up.
Just like I said earlier, it'sthe gold's, not it's all time
(07:04):
high, the dollars, it's all timelow.
It's an inversion of how youshould look at it, and so I
don't know when these things aregoing to kick off, but I do
know Citibank, going back to2020, I've been, I have a memory
, I go back.
I remember all theseprojections, even like major
banks were saying $3,000 goldeasy within the next year.
That was 2020.
That didn't happen.
So I think we have a lot ofdelayed reactions.
(07:25):
The best thing you can do rightnow is because supply is not as
strong as you may think and thisis some cut.
Take it from somebody who'strying to source and supply.
You know I've got close to 800members right now for Wolfpack,
so that's automatic.
Every month we have 800 peoplethat are doing the bulk buy ins
together.
So I have to project two orthree weeks out it's not as
(07:47):
strong as you may think and oneor two whales in the silver
market there being almost nosupply, and that's how close we
are to a revaluation here.
So I would just you know ifyou're accumulating your stack
and keep doing that, if you cankeep from selling, keep from
selling.
If you don't have to sell,don't sell.
Of course, if you're going tosell, sell to me.
I need supply.
(08:07):
If you don't have to sell,don't sell, because I think
these prices are going to changeand again is it going to go up?
Well, I know that it's going togo up technically and this is
an investment advice because thedollar is going to go down.
Speaker 1 (08:22):
Yeah, especially if you look at just the reaction,
the rumor, you know it getseverything, you know crypto,
stock market, gold andeverything.
When they actually start to doit.
And I know they say you know,you know, look at the buy it on
the rumor and sell it on when itactually happens.
But it's going to happenmultiple times and I think you
(08:42):
know what you point out it'sgoing to be probably three times
.
That's what the rumors are now.
That's going to.
It'll happen more than once andso there'll still be, there'll
still be going up with that.
Speaker 2 (08:52):
It wouldn't surprise me either, david, if, if gold
fell below, way below 2000.
And the reason being is because, if you look at history, look
at what happened in the firstquarter of 2020, when you had
the highest stock market since1929 and the lowest it was in
the same week.
You know this huge dip and goldwent to like $1,100 an ounce or
(09:14):
something like that.
No one could find it for thatbut and say it's the same thing
Silver went to some crazy numberlike $13 an ounce or $12 an
ounce.
I just looked up and when youand I did my first interview
with you, gold was at $1425 anounce.
I looked that up this morning.
That's how.
We're far away from that.
Yeah, you know.
But again, can it come back downin short periods?
(09:35):
Sure, it can't cause.
It can follow the markets andyou got to understand how much
paper gold there is.
That's right.
We don't really to understandthat cause you and I don't think
like we don't think like we'rein best lords, but there's a
huge amount of that where it'sjust not real and so that that
follows the market.
There's a lot of those tradesthat go on.
But you know, it's interestingsomething happening at the same
time gold is contesting anotherall time high or the dollar is
(09:58):
all time low.
But this, you know this hugephenomenon with Bitcoin and
there was billions and billionsbeing taken out of the gold that
are flowing out of gold ETFs atleast hundreds of millions and
it's going into the Bitcoin ETFsand supposedly that all these
analysts were saying that thegold price was going to go down.
It's not going down because thecentral it's, it's, it's too
(10:20):
big.
You're talking about a massiveshift away from a currency and I
don't think these analysts, Idon't think they fully
appreciate the the historicalgravity of what's happened.
Speaker 1 (10:31):
Yeah, and that's the thing that makes me really antsy
about all that is the ETFs.
You know, because of what Iknow about paper gold and paper
silver and how they can use thatto manipulate things, because
of what I saw with the realestate derivatives and all the
rest of the stuff, when theystart creating these ETF things,
you know it just, to me itlooks like NFTs.
So it's like is this thing forreal, or or or they just using
(10:54):
this as a tool to manipulate?
And that's another questionwe've got here.
This is from Michelle Obama.
Thank you for the tip.
Can you ask Tony aboutBlackRock's tokenization of all
assets?
And, of course, they've justgiven an Ethereum backed digital
equity fund $100 million.
Again, you know, even you know,along with BlackRock and
(11:16):
creating these, these digitalassets and tokenization stuff.
You've got Ethereum, whichthere's a lot of talk, and it
has been talked for a while thatmaybe you know when they
introduce CBDC, they might do it.
If they do it really quickly,they could piggyback it on top
of Ethereum.
That really seems to be theinside track.
Everybody in the public likesBitcoin, but the system seems to
(11:40):
be shifting people towardsEthereum.
I don't know enough about thecrypto, but what do you think,
tony?
What's going on with BlackRock?
Speaker 2 (11:47):
Yeah, I read that yesterday.
It's very troublesome, and I'vebeen asking this same question
since the launch of these ETFsand Larry Fink from BlackRock
praising Bitcoin, talking aboutdigital gold and stores of value
, and I just start lookingaround and says anybody else
noticing this?
You have this, the Bankster atleast the face of one that you
can see talking about howthere's validity in
(12:11):
cryptocurrency.
Now I guess, color me skeptical.
I don't believe these people.
I don't think that they'reintent because you know Larry
Fink has also said aboutchanging behavior of people
using, using, you know, esg todo that and of course, they're
also major buyers of residentialreal estate in the United
(12:34):
States.
You got to ask yourself whythat is as well to change
behavior.
Right, this is what this is,what banksters do you go back to
?
The funding of the BolshevikRevolution or the Revolution in
China and with Mao in 1949 isbacked by the world's richest
people.
So I'm skeptical.
I don't like it when, again,something that's the crypto
(12:54):
market didn't need yourintervention, intervention.
As a matter of fact, the, thewhole purpose of crypto was to
move away from a dying systemthat's corrupt and that is not
free market, and there's a lotof problems with the crypto
market with the meme coins andeverything else.
And I agree with you on withEthereum.
I think that Bitcoin isdifferent because Bitcoin has no
(13:16):
company.
Nobody knows who SatoshiNakamoto was or if it's a person
or a group of people.
Nobody really knows and it's anopen question.
But it has no centralizedcompany, no country where all
these other, every other crypto,like it or not, traces back to
someone, because it's opensource.
You know there's an, there's ainitial coin offering, you know
(13:38):
who it is.
So Bitcoin is different in thatway.
And, again, you can still beskeptical, but there's something
with that.
Yeah, they're not going to runthe CBDC off the back of Bitcoin
.
Yeah, I don't, I don't see thathappening.
But it would be one of theseother coins.
And you know, I remember youknow Ethereum.
It was trading.
It was 10, it's 10 times whatit was when I started trading it
(13:59):
.
You know, when I was, I used toto sometimes offer Ethereum.
I've pretty much gone down tojust Bitcoin for right now, just
trying to see what happens inthis market when I, if I do any
kind of trades through the shop.
But yeah, you'd be veryskeptical of that.
I I whenever BlackRock orVanguard or any of these majors
are touching cryptocurrency andtrying to drag it into the old
(14:22):
system.
I think it's a red flag and Idon't.
You know even Max Kaiser.
You know he's talking about howthe people that buy the ETFs
are going to lose out.
You know you should.
If you're going to own Bitcoin,go get it yourself.
Yeah, if it's not, you knowyour keys are important.
You know it's just likephysical gold.
You know if you're going to buygold ETFs, all you're buying
really is a stake in a spotprice.
(14:43):
You're not really actuallybuying gold.
You should always think aboutthe counterparty risk to
anything, whether it's crypto orgold.
That's right.
Speaker 1 (14:51):
And whenever you see these again, these derivatives
or the ETFs or the involvementof companies like BlackRock and
JP Morgan, who are alwayspoo-pooing you know
cryptocurrencies when you seethat happening you know they
it's kind of like the old thing.
They got to get behind youbefore they can stab you in the
back.
When these big companies startto buy into something, it's like
(15:12):
oh good, now they're they're aninvestor like me.
No, they're getting into it sothat they can manipulate this
thing, because if they canmanipulate it and crash it,
they've still got lots moremoney they can put in and ride
this thing up.
That's the whole point.
They don't want things goinggoing horizontal.
They want them.
They want a roller coaster rideright, dip and then straight up
with a ride and all the rest ofthe stuff.
(15:32):
And so to me, that's a big, bigwarning.
When you've got biginstitutions coming in and
you've got derivativeinstruments that they're
inventing and all of a suddencreating for the first time.
But that's a.
To me that's a real scary thing.
We got another question for you.
This is off of Rumble.
Atomic Dog, says David.
In four years, almost to theday, gold is now up 33.2%, 25%
(15:58):
last three, 14% the last twoyears.
I would accept that as realinflation that we have seen over
the last four years.
Would Tony agree Absolutely?
Speaker 2 (16:09):
Yeah, yeah, I think that's more into watch
commodities, even though they'remanipulated.
And I and I think that'sprobably just the tip of the
iceberg if you really follow theamount of currency creation,
the actual expansion of themoney supply, the inflation is
much worse.
And it's and you find it infood and other things, because a
(16:29):
lot of these other productsthat we talked about this before
, they're saying, oh well, thoseprices are stabilizing or
they've gone down.
That's because there's nodemand.
You're talking about luxuryitems or or electronics and
things that people can dowithout or they can use an older
model.
But the real inflation is inthe grocery store.
Yeah, that's where you go findthe real, the real cost of what
they've done in the last fiveyears.
That's right, yeah, and whenyou look at it again, you know,
(16:50):
whenever you're in a market, youknow you're in a market, you're
in a market, you know you're ina market, you're in a market.
Speaker 1 (16:53):
Yeah, and when you look at it again, you know
whenever you look at a trendline with something, you're
going to see the stuff jumpingall around and then they draw
the line through it becausethere's a lot of noise that's
there and that's this kind ofday to day variation or month to
month variation.
But over a period of time.
You can see that and you and Ihave talked about this for the
longest time how, over a centuryor longer, you can see that.
(17:15):
You know, the value of goldstays there, along with the
value of other things that youbuy with a custom suit or travel
or things like that.
Some of those have been helpedby efficiencies of manufacturing
or other things like that, butfor the most part it stays there
, not so with these fiatcurrencies.
So that's a key thing, you know.
(17:36):
One of the things that we'reseeing also is the fact that Liz
Warren and others, always,always Liz Warren.
She's always present presentingherself as a champion of a
little guy when she's really forbig government and big banks.
Now they're talking about awealth tax.
I don't know if you saw this ornot, but it'll only apply to
the ultra rich.
So you and I don't have toworry about this.
(17:56):
Right, right, right, but itjust like the income tax you
know that only applied to theultra, ultra rich and it was a
very small tax initially for theultra, ultra rich, but we know
what happened to that.
Now they're pushing this outthere to confiscate money, and
the other part of it is theyknow that's going to drive
people out of the country, sothen they have to, on the back
end of it, put a big penalty foranybody that leaves the country
(18:16):
.
This is another sign ofdesperation and the fact that
they're never going to leavepeople alone, isn't it?
Speaker 2 (18:25):
Well, it's again go back to 1913.
You go back to the 16thAmendment.
This was brought to you by theworld's richest people.
They indemnified themselves,they built their foundations and
then they said oh no, no, no,this is just for the ultra rich,
it's just, it's just for thetop.
Well, it wasn't.
It's supposed to trickle downand it's supposed to affect all
of their competition.
(18:45):
Elizabeth Warren is a stoogeFor international banking.
That's what she is.
I mean that she's not whether.
Where's the grassrootsenthusiasm For Elizabeth Warren?
I remember when she this wasback in the 2019 at the primary
and she was running and I washaving my radio show Went in.
I said I think she's got the itfactor, though, you know, like
the clown, it like in the sewer,I think she's definitely got
(19:08):
the it factors.
That's when she had thecommercial streets Like I'm
gonna go get a beer out of therefrigerator.
And you think, if this personis this animatronics, is she
escaped from Chuck E cheese?
There's something wrong withher.
And she's always, you know,portraying herself as well Other
than other than being, you know, Pocahontas and all the rest of
that to portraying herself forthe is the little guy.
(19:29):
You know, I'm for the littleguy.
I'm sticking up for the workingclass and the teachers and all
that.
And you look at how adamant sheis about.
Speaker 1 (19:36):
I mean boys, you have the true hatred of crypto and
pushing all its other stuff.
You know that she's there forthe big banks.
You know she's aligned withthem and her interest precisely,
and yet continuing to tellpeople oh, I'm there for the
little guys that the consumerand I always get the word order
out.
But this consumer financialprotection board that she she
(19:56):
created.
What they did was I drove a lotof small, medium-sized banks
out of business.
It didn't protect any consumersat all.
It just drove small,medium-sized banks out of
business that were thecompetitors of her bosses.
Speaker 2 (20:06):
Always the goal.
Yeah, she is a mouthpiece forinternational banking and
multinational Corporations,period.
That's all she is.
And all these this is likethey're speaking through her.
You know, those who oppose thefree market of crypto.
It always is the high-gainlyand dialectic to David, you know
, it's like oh well, we need toregulate these well, well, well,
well, we need to do is wecreate an ETF and we'll let the
(20:29):
black rock regulated, we'll letthe you know, the majors and the
banks will regulate, crit willgo through them, so that it's a
poison pill, you know, any kind.
That's the way they do it.
Well, it's either gonna outlawit or we'll make it go through
this system, and that's again.
So it's so transparent.
If you're looking, if you'relooking at history, to know
whether these people Actuallyare and you know, I I'd like to
(20:51):
I wonder how that's the stafferthat she had that came out and
was.
It was all for the Bitcoin ETFsthat.
You see, I don't know if youremember that Somebody got it in
, hector or staffer, maybe ontheir way out.
I hope they're okay.
I don't know where I did someflowers somewhere or whatever
happened to that staffer, butsomebody came out on her Twitter
(21:12):
and was endorsing Bitcoin.
Speaker 1 (21:14):
Well, you know, when you look at this and the origins
of this and you compare it tothe beginning and the origin of
the income tax and the ratesthat were there, that was like,
I think, a 1% tax and you had tobe like a you know, I forget
the level, but it was, you know,like a multi-billionaire.
Today she's starting out atsomething that's even higher
than that to begin with, and weall know that it's going to
migrate, as the income tax did,to the middle class.
(21:35):
But they're starting out with a2% tax on anybody that's got a
net worth between 50 million anda billion.
If you're over a billion, itgoes to 3% and they put this in
and they sell it to people basedon people's envy.
It's like, oh yeah, why I'mnowhere close to 50 million.
So I, you know, yeah, thosepeople should pay their fair
share, and so forth and so on,knowing that these people have
(21:59):
an army of accountants andthey're not gonna pay any taxes,
no matter what Elizabeth Warrendoes, they're gonna find some
way out of it, or they'll buysome politicians to put a couple
loopholes in specifically, andthey'll jump through those
loopholes.
But the thing that concerns me,that just doesn't have any
attention anymore from theRepublicans is this army of IRS
(22:20):
agents.
In fact, they're gonna makethis thing not even five times
bigger.
You know you had Kevin McCarthysay well, let's not make it
nine times Bigger, let's onlymake it five times bigger.
Whatever, I'm sorry, seventimes bigger, let's make it five
times bigger.
And now you got Johnson, who'sback up to making it as big as
Biden and Pelosi wanted it inthe first place up to seven
times bigger.
(22:40):
Nobody is talking about that andand that, along with their
Continual push to say that theywant to, that one of their key
duties is to have CBDC.
That's the stuff that reallyconcerns me, this digitization,
and so you know we've talkedabout the value and the
imploding value, I think, thevalue of the dollar that will
(23:02):
implode.
But the thing that concerns meeven more than that is Having
something that is going to beprivate.
There's gonna be physical, as aCatherine Austin Fitz points
out, having financial, privatefinancial transactions, and
that's the thing that makes mewant to get out of digital and
(23:23):
get into physical.
That's the key thing that I'mlooking for JP Morgan visa
joining Mastercard and so manyothers talking about how they're
going to biometric scanning,facial recognition, contactless
payment.
They want to start with grocerystores.
They want to start withEntertainment venues.
That's what they focused onthose two and I thought, yeah,
(23:45):
bread and circuses, that's whatI want to get everybody.
You're gonna have to have adigital currency and biometric
ID in order to get bread orcircuses.
They want to use those chokepoints on people.
Speaker 2 (23:56):
Oh, the only thing new under the Sun is the history
you don't know.
That's right, that took hold.
Harry Truman, and you know,thinking about Shakespeare, is
that when troubles come, they,not they don't come in single
spies, but in battalions, andthese are All these things that
are coming down the CBD.
See, yeah, again.
Speaker 1 (24:14):
Battalions of IRS 7000 ira.
Was that battalions of?
Speaker 2 (24:18):
IRS, yeah, but battalions over the 87,000 IRS
agents.
The new regulations are gettinghaving to use your biometrics
and this is, they're creating aTrap for all of us.
Anybody who remembers what itwas like to live in and and what
a semblance at least IConsciously accepted it as a
free country.
I don't know what I'm inanymore.
(24:38):
I'm in some sort of economysector in the new world order.
That's what I feel like.
Yeah, no longer, no longer in.
And what I feel like was youknow, my beloved Republic that I
that I love so much, yes, and Ithink this is what we're having
to endure is it's multi-pronged, but at the same time, again,
we're not trying to fix that oldsystem, we're just building new
(24:59):
ones.
That's the you know, our buck.
Mr Fuller talked about that andI, you know he's long since
died, in the early 80s, but hewas a futurist and a genius and
you talked about having you knowit.
Would you see something?
The old system don't try to togo to, go yell at it or try to
prop it back up or whatever.
Fix it from the inside.
Just build a new thing and that, and I think there's a lot of
(25:20):
innovation, there's good thingsgoing on at the same time.
But we need to be aware of theproblems, like we're we
Definitely you and I talk aboutthem every week.
We definitely know they'recoming and we're we were way
ahead of Even mainstream or evenyou know the have conservatives
now I'm gonna do theconservatives.
You have people talking aboutCBDC, but I don't think they
fully grasp where it's comingfrom.
(25:40):
You know both, both majorcandidates in the race Going
into 2024.
We know their history with CBDC.
Whether it's Trump, with yourKrishna, or Biden, and again I
these are, they have the samedonors.
They have the same plans.
It may come in different forms,but CBDC is coming.
So I think, just knowing thatyou talk about it being outside
of the system, whether it's, youknow, physical gold and silver.
(26:03):
You know having that in yourhand.
You know having an ability toaccess physical metals, like you
know, david, if you and I wantto do, if I want to buy a
tractor from you and I, you knowI go down to Tennessee and I
want to buy a tractor from youor whatever, and I give you a
few gold coins, where's the bankin that?
Where's the yes, who knowsabout you?
And I know, and I've got valuefor value and and we get, we
(26:24):
walk away.
That's right and that is athat's a major fear to the
powers to be.
That's why they want to killcash.
That's right.
It's you know they there's beena war on, there's a war on cash
.
I promise you that.
Speaker 1 (26:36):
The physical thing is the key.
Physical thing, physical andanonymous that's that's really
the key and that's a very, veryimportant thing to prepare for,
absolutely.
Talk a little bit about theIRAs.
You said that you had somebodyask you a question about About
how to do a metal IRA.
Speaker 2 (26:54):
Yeah, one of your listeners called me yesterday
and just said you know it wouldbe great if you and David take
just a few minutes to explainthat he goes.
There's probably hundreds ofpeople like me that want to know
, as you mentioned it, but youdon't ever explain how it works.
Well, I appreciate the question.
It's I've been doing these.
When I first set up my shop Iwanted to be a little bit
smaller.
Shops generally don't offer IRA.
(27:15):
That's usually your big 1 800number places and you know
that's they do a lot of thebigger transactions.
So I decided I'll get into this.
I'll get my tones figure outhow to do it, and we did.
We have a company that wepartnered with through the
trading floor in Dallas Callednew direction trust.
So they handle all the legal,you know, set up your IRA, all
the paperwork, all the docs,make sure everything's great.
(27:35):
Once you set that it's $50, yougo to new direction trust
website.
You set up an account, you know, deposit $50 and then you've
got a precious metals IRA.
If you have an existing IRA or401k, you can without penalty
roll that in all those fundsthat are sitting in the fiat
market, because that's what itis.
(27:56):
And if you're in paper oryou're 401k is IRA's, it's it's
fiat market.
Whenever you want to put that,those funds, you can roll that
again, no penalty.
New direction trust helps youroll over those funds into the
precious metals IRA.
Once it's in there you cancontact us and we'll buy you
physical.
Precious metals is not a pieceof paper, it's your metals.
I mean, it's gonna you pick.
(28:16):
If you want Canadian MapleLeafs, those are your Canadian
Maple Leafs.
You know that's.
If you're American Eagles, it'syour American Eagles and you
own those.
They have to go into athird-party vault again, not in
the bank, it has nothing to do,it's not inside.
The cool thing about theprecious metals IRAs and why
endorse them is because at leastit's a First step removed.
There's no bank, there's nobank, it's not under that
(28:39):
regulation.
So those are gonna go intothird-party store storage vaults
.
I use Dallas, I and I and that'sjust me personally but there's
all over the United States.
They've got them in Nevada,that the Idaho, they've, they've
got them in Delaware.
So there's all there, they'reall over the place.
There's I think there's 10major vaults you can choose from
.
Um storage is about a hundredand eighty dollars a year.
(29:01):
So if you got, you know fiatfunds in the market and you're
interested, it's a very easyprocess.
So you can go to David Knight,dog Golding, contact us.
I can show you how.
It's just Literally a newdirection.
Once you, once you open anaccount with them, they will
help you get any existing fundsover there and we get the
process done in a couple ofweeks and then you've got metal
(29:22):
stored, you know, and there'sand again there's.
You'll start to see, and I had alady that approached me when I
was in an archipelago and shesaid well, you please take a
look at my precious metals IRA.
And I spent some time with herand I had to tell her,
unfortunately, used you, used adealer that Oversold you and
some new mismatic stuff.
(29:43):
Even that happens in IRAs.
They over, they justovercharged her.
So you got to be careful withthose because a lot of these 1
800 numbers they're gonna putyou in some collectibles and
I'll, even though you've got themetals.
But you would, she got to lookat it as your melt value.
So if you they say you gave meten thousand dollars and I'm
gonna have to, you know I'mgonna have to.
There's premiums on physicalmetals, whether I like it or not
.
I can't buy things at spot, sothere's gonna be some premium
(30:05):
there, but your melt value isgonna be you know how many
ounces to spot that you have andand I try to make that number
as large as possible because Idon't want people to say, well,
I got ripped off and this lady,unfortunately, it's like more
than 50% what her deposit wasput into new mismatic blue sky.
You know just, yeah, etherealcost, when it really what you're
looking for is the melt,because that's with your
(30:27):
absolute rock bottom.
So we try to do that.
It, wise wolf, I'm very, verycognizant of.
You know People have workedvery hard to save up what they
have in these fiat markets.
You'll take a little bit of ahit because it won't be dollar
for dollar, but you're stillgonna have gold, physical gold,
physical silver, even physicalplatinum or anything.
If you want to do that in in a,you know, a tax-free Shelter,
(30:52):
which is that's really what itis, and it's outside of the bank
, that's great.
Speaker 1 (30:55):
So you just basically , once you set up the new
dimension account and then youtell your current IRA to roll
this stuff over to them.
Once they get it, they, theycontact you and you contact the
user and find out what, whatkind of mix you want to put into
your metal IRA.
Speaker 2 (31:13):
So it's a pretty simple and the first, the first
thing I do if I'm talking tosomebody Whether it's the IRA or
anything else, david, I I don'tknow if anybody else I pull up
my competition and I said thisis what the competition's
charging for x, y and z and thisis what I can do, you know.
So we generally try to save youa bit at least.
At least be transparent enoughso you know what you're buying,
mm-hmm.
Speaker 1 (31:33):
That's great.
Speaker 2 (31:33):
Yeah, it's an easy process.
Once you have it in there, weyou know we can get a.
We can get your metals in therein a few days.
Speaker 1 (31:39):
That's great, let's.
Let's talk about one more thingbefore I let you go.
If you got the time, yournetwork that you're setting up,
tell people a bit about that,where that is, and we're gonna
be there eventually.
Speaker 2 (31:48):
Well, yeah, we've got .
Jason Barker is an ambassadorfor us now and Melissa's been
helping.
We've got the free world FM isthe network.
Billy Ray Valentine and myselfhave been working on that for
about a year and a half and weare maybe two years now.
Time flies when you're in theapocalypse.
So we, we, definitely.
We talked a lot about having alifeboat for free speech.
(32:13):
Yeah, something that's.
You know I'm gonna, I'mbuilding the infrastructure so
we can have eventually have ourown servers and other things
like that, have our own app Inits audio only, but it's free
world FM.
It's a 24-hour station.
Have some great hosts overthere, like Jason Barker, angry
tiger.
A guard is up and running.
I do my show there and many,many others.
(32:34):
You have a slot there for wewant to bring you over.
We just need to get yoursoftware hooked up and that's
pretty much the last step.
And, of course, you and you andI, we can.
We can talk off air too,because I have some other ideas.
I want to run past you, but itis, it's for the people.
We got a chat there.
I think it's pretty, prettyactive On the free world FM
(32:56):
website.
So, yeah, we.
Speaker 1 (32:58):
Want to be there.
We're looking forward to beingthere.
I want to be there because,again, she said we're gonna have
a lifeboat for free speech.
It's getting rapidly worse,very, very rapidly worse.
People getting now jailsentences for Speech that the
government hates there.
They're ready to really crackthis thing down.
I think we're going to see thatafter this next election they
(33:20):
may even do it before in thename of, you know, making the
election more honest they mayshut down speech because we, you
know, we want to have an honestelection.
You certainly don't want tohave a debate, right.
So We'll be there and we'll getthis together, and we're
probably it's taking us a whileto get this stuff together, but
we want to do that and we'll bethere.
(33:41):
Free world FM good to know thatyou're putting that up and
thank you so much, tony, forsupporting us with David Knight
on gold.
We really do appreciate it,thank you.
Speaker 3 (33:49):
Thank you, dave.
The David Knight show is acritical thinking Supress
spreader.
If you've been exposed to logicby listening to the David
(34:12):
Knight show, please do your partand try not to spread it.
Financial support or simplytelling others about the show
Causes this dangerousinformation to spread.
Father, people have to trust me.
(34:32):
I mean trust the science.
Where you mask, take yourvaccine, don't ask questions.
Speaker 1 (34:46):
Using free speech to free minds.
It's the David.
Speaker 3 (34:51):
Knight show.
All right, and joining us now is Tony Ardabon
of Wise Wolf, Gold and Silver,and Tony has set up DavidNight
Gold.
To take you there and let himknow that you're coming through
me.
We've had Tony as a friend anda contributor and a supporter
for a very, very long time.
It's always a pleasure to haveTony on.
Thanks for joining us, Tony.
Speaker 2 (00:25):
Thanks for having me back, David.
It's always good to see you.
Speaker 1 (00:27):
Well, it's been kind of interesting, isn't it?
Well, tony knew this was goingto happen.
It's no surprise election yearwhere they've got the rationale
for it or not, they don't care,they will create a rationale.
And so now they started talkingabout doing some Fed interest
rate cuts and this having theanticipated effect, isn't it?
Speaker 2 (00:48):
Well, they're counting on the memory of the
American people being very short, as it usually is.
Gord Middall said we were theUnited States of Amnesia.
I go back to two years ago.
They were talking about oh,this inflation is transitory
yeah, I use the transitory andnow they've gone so far as to
say we're at the terminal rate.
I like that phrase, theology alot better.
(01:09):
But they didn't move interestrates.
But they're hinting and theyare going to you and I both know
this are going to lowerinterest rates.
It looks like somewhere aroundthree times this year.
But if you look a littlefurther down the road, in 2025,
they're going to happen.
They'll have to raise interestrates again because inflation is
going to go completely out ofcontrol.
(01:32):
The headlines across everythingthat I look at when I monitor
precious metals is that gold hitits all time high, which I
think is something that'sinevitable.
It's not even surprisinganymore, but what it should have
said is that the dollar hit itsall time low.
I think we need to startlooking at it that way.
The dollar is continuing to hitanother all time low and
(01:53):
commodities and precious metals,the prices, are being reset
globally.
That's the big story here.
That's the takeaway, but Ithink we're watching these
interest rates.
It's a sideshow, david.
The interest rates are going toget lowered.
We're going to have a fakeeconomy, going into a fake
election with fake politicians,just like we always do.
Except the consequences, Ithink, with the dollar losing
(02:17):
the world's reserve currencystatus.
I think these are the much moredire consequences than we've
had in the past.
Speaker 1 (02:23):
I guess it's kind of like the old thing is the glass
half empty or half full?
I guess it depends on whetheryou're measuring the water or
the air.
The dollar would be equivalentto measuring the air.
Gold would be equivalent to thewater, the actual stuff, that's
right.
Speaker 2 (02:38):
It's like the Matrix with the little boy and the
spoon bender.
Is that what you have toremember?
There is no spoon.
It's kind of like there is nocurrency here.
It's your imagination.
Speaker 1 (02:48):
Oh man, I'll tell you .
So just the rumor of what we'regoing to have an interest rate
cut, maybe coming up this summer, maybe three months from now,
maybe in June or whatever Justthe rumor of that Sent the stock
market up, Sent gold up, Sentcrypto up.
What it did was, as you pointout, it sent the dollar down.
(03:09):
More so than thinking it Well,everything went up except for
the dollar.
What it did was when they said,well, we're going to devalue
the dollar by doing this, we allknew they were going to do it
for the election.
They're demanding that this bedone.
We've got Elizabeth Warren, aswell as Bernie Sanders, those
(03:29):
two economic experts, sending ademand letter with 19 Democrats
from Congress telling them youbetter lower the interest rates.
They give every reason they canthink of and none of them valid
, except for the fact that it'san election year.
That's the key thing, isn't it?
Speaker 2 (03:45):
Well, I liked your analysis this morning at the
beginning of the show, when youwere talking about this writing
unlimited checks.
Yeah, there's no fiscalresponsibility left.
That's not in any of thevernacular coming out of
Washington DC or the politicalparties.
I'm not talking about that atall.
It used to be a big issue.
That's right and, as you notice, that's the dog it does, and
(04:06):
nobody talks about it anymore.
And so I think we're watchingthis death of a currency, the
looting of the treasury.
All bets are off.
That's what we're watching andyou're exactly right.
The only thing that rains inthis out of control federal
government, the out of controlthe Wall Street criminals, the
only thing that rains them in isthe loss of the world's reserve
(04:28):
currency status of the dollar,this money velocity.
You can just go and continue toprint without consequence, but
the consequences are real, theyaffect real people in real time
and I think again, fake money,real consequences, and that's
what we're watching play out of.
Speaker 1 (04:46):
Oh, absolutely, and that's one of the reasons why
you've got Russia and Chinamoving with bricks and
everything, because theyunderstand that's our superpower
.
Our superpower is to be able tocreate money out of thin air.
That's what real Americanexceptionalism is about.
We've got a couple of questionshere on Rockfin.
Gordon Shumway says gold isgoing to go to 3,000, silver to
(05:07):
90.
When is the bubble going toburst?
Speaker 2 (05:13):
Well, I go back to 2020.
That's a good question for goldbugs and silver bugs like me.
I've been paying attention tothis for years and years and
again, it's something thatcannot go on.
Forever will stop.
That's Herbert Stein's lawNever underestimate how willing
the powers that be are todevalue currency and to create
(05:36):
new currency supply.
We have a trillion new dollarsin debt every 90 days Now.
It took us from 1776 to 1980 togo a trillion dollars in debt
for the United States of America.
Now it's every 90 days.
So everything is accelerating.
To make a call on when silver isgoing to break its all time
high, you know again, 50, $52.50in 1980 for silver.
(05:59):
It did it.
It did it close to that againin 2011.
Gold came close to 2000 orbroke 2000 in 2011.
And again Ben Bernanke camealong and said oh well, calm
everybody down and said we won't.
We won't do the tarp fundsagain and the bailouts and the
too big to fail.
Don't worry about that.
We're going to have a lot morefiscal responsibility and all
(06:21):
that is going to tone everythingdown.
And precious metals fell, yeah,and they fell for a while.
And then again, 2020, goldbreaks its all time high.
I was hosting your show down inAustin when it did on August, I
believe August 6, 2020.
But again, the ride from therehas been strange because of all
of this intervention.
And this is a very powerfulentity and you've had, you know,
(06:43):
I've had Stuart Angward on, whowrote the book rigged about the
gold and silver markets, abouthow the bullion banks, the giant
ones, work with the centralbank, because in the West fiat
currency not just the dollar thefiat currencies that war with
gold, so they don't they have avested interest in the price not
going up.
Just like I said earlier, it'sthe gold's, not it's all time
(07:04):
high, the dollars, it's all timelow.
It's an inversion of how youshould look at it, and so I
don't know when these things aregoing to kick off, but I do
know Citibank, going back to2020, I've been, I have a memory
, I go back.
I remember all theseprojections, even like major
banks were saying $3,000 goldeasy within the next year.
That was 2020.
That didn't happen.
So I think we have a lot ofdelayed reactions.
(07:25):
The best thing you can do rightnow is because supply is not as
strong as you may think and thisis some cut.
Take it from somebody who'strying to source and supply.
You know I've got close to 800members right now for Wolfpack,
so that's automatic.
Every month we have 800 peoplethat are doing the bulk buy ins
together.
So I have to project two orthree weeks out it's not as
(07:47):
strong as you may think and oneor two whales in the silver
market there being almost nosupply, and that's how close we
are to a revaluation here.
So I would just you know ifyou're accumulating your stack
and keep doing that, if you cankeep from selling, keep from
selling.
If you don't have to sell,don't sell.
Of course, if you're going tosell, sell to me.
I need supply.
(08:07):
If you don't have to sell,don't sell, because I think
these prices are going to changeand again is it going to go up?
Well, I know that it's going togo up technically and this is
an investment advice because thedollar is going to go down.
Speaker 1 (08:22):
Yeah, especially if you look at just the reaction,
the rumor, you know it getseverything, you know crypto,
stock market, gold andeverything.
When they actually start to doit.
And I know they say you know,you know, look at the buy it on
the rumor and sell it on when itactually happens.
But it's going to happenmultiple times and I think you
(08:42):
know what you point out it'sgoing to be probably three times
.
That's what the rumors are now.
That's going to.
It'll happen more than once andso there'll still be, there'll
still be going up with that.
Speaker 2 (08:52):
It wouldn't surprise me either, david, if, if gold
fell below, way below 2000.
And the reason being is because, if you look at history, look
at what happened in the firstquarter of 2020, when you had
the highest stock market since1929 and the lowest it was in
the same week.
You know this huge dip and goldwent to like $1,100 an ounce or
(09:14):
something like that.
No one could find it for thatbut and say it's the same thing
Silver went to some crazy numberlike $13 an ounce or $12 an
ounce.
I just looked up and when youand I did my first interview
with you, gold was at $1425 anounce.
I looked that up this morning.
That's how.
We're far away from that.
Yeah, you know.
But again, can it come back downin short periods?
(09:35):
Sure, it can't cause.
It can follow the markets andyou got to understand how much
paper gold there is.
That's right.
We don't really to understandthat cause you and I don't think
like we don't think like we'rein best lords, but there's a
huge amount of that where it'sjust not real and so that that
follows the market.
There's a lot of those tradesthat go on.
But you know, it's interestingsomething happening at the same
time gold is contesting anotherall time high or the dollar is
(09:58):
all time low.
But this, you know this hugephenomenon with Bitcoin and
there was billions and billionsbeing taken out of the gold that
are flowing out of gold ETFs atleast hundreds of millions and
it's going into the Bitcoin ETFsand supposedly that all these
analysts were saying that thegold price was going to go down.
It's not going down because thecentral it's, it's, it's too
(10:20):
big.
You're talking about a massiveshift away from a currency and I
don't think these analysts, Idon't think they fully
appreciate the the historicalgravity of what's happened.
Speaker 1 (10:31):
Yeah, and that's the thing that makes me really antsy
about all that is the ETFs.
You know, because of what Iknow about paper gold and paper
silver and how they can use thatto manipulate things, because
of what I saw with the realestate derivatives and all the
rest of the stuff, when theystart creating these ETF things,
you know it just, to me itlooks like NFTs.
So it's like is this thing forreal, or or or they just using
(10:54):
this as a tool to manipulate?
And that's another questionwe've got here.
This is from Michelle Obama.
Thank you for the tip.
Can you ask Tony aboutBlackRock's tokenization of all
assets?
And, of course, they've justgiven an Ethereum backed digital
equity fund $100 million.
Again, you know, even you know,along with BlackRock and
(11:16):
creating these, these digitalassets and tokenization stuff.
You've got Ethereum, whichthere's a lot of talk, and it
has been talked for a while thatmaybe you know when they
introduce CBDC, they might do it.
If they do it really quickly,they could piggyback it on top
of Ethereum.
That really seems to be theinside track.
Everybody in the public likesBitcoin, but the system seems to
(11:40):
be shifting people towardsEthereum.
I don't know enough about thecrypto, but what do you think,
tony?
What's going on with BlackRock?
Speaker 2 (11:47):
Yeah, I read that yesterday.
It's very troublesome, and I'vebeen asking this same question
since the launch of these ETFsand Larry Fink from BlackRock
praising Bitcoin, talking aboutdigital gold and stores of value
, and I just start lookingaround and says anybody else
noticing this?
You have this, the Bankster atleast the face of one that you
can see talking about howthere's validity in
(12:11):
cryptocurrency.
Now I guess, color me skeptical.
I don't believe these people.
I don't think that they'reintent because you know Larry
Fink has also said aboutchanging behavior of people
using, using, you know, esg todo that and of course, they're
also major buyers of residentialreal estate in the United
(12:34):
States.
You got to ask yourself whythat is as well to change
behavior.
Right, this is what this is,what banksters do you go back to
?
The funding of the BolshevikRevolution or the Revolution in
China and with Mao in 1949 isbacked by the world's richest
people.
So I'm skeptical.
I don't like it when, again,something that's the crypto
(12:54):
market didn't need yourintervention, intervention.
As a matter of fact, the, thewhole purpose of crypto was to
move away from a dying systemthat's corrupt and that is not
free market, and there's a lotof problems with the crypto
market with the meme coins andeverything else.
And I agree with you on withEthereum.
I think that Bitcoin isdifferent because Bitcoin has no
(13:16):
company.
Nobody knows who SatoshiNakamoto was or if it's a person
or a group of people.
Nobody really knows and it's anopen question.
But it has no centralizedcompany, no country where all
these other, every other crypto,like it or not, traces back to
someone, because it's opensource.
You know there's an, there's ainitial coin offering, you know
(13:38):
who it is.
So Bitcoin is different in thatway.
And, again, you can still beskeptical, but there's something
with that.
Yeah, they're not going to runthe CBDC off the back of Bitcoin
.
Yeah, I don't, I don't see thathappening.
But it would be one of theseother coins.
And you know, I remember youknow Ethereum.
It was trading.
It was 10, it's 10 times whatit was when I started trading it
(13:59):
.
You know, when I was, I used toto sometimes offer Ethereum.
I've pretty much gone down tojust Bitcoin for right now, just
trying to see what happens inthis market when I, if I do any
kind of trades through the shop.
But yeah, you'd be veryskeptical of that.
I I whenever BlackRock orVanguard or any of these majors
are touching cryptocurrency andtrying to drag it into the old
(14:22):
system.
I think it's a red flag and Idon't.
You know even Max Kaiser.
You know he's talking about howthe people that buy the ETFs
are going to lose out.
You know you should.
If you're going to own Bitcoin,go get it yourself.
Yeah, if it's not, you knowyour keys are important.
You know it's just likephysical gold.
You know if you're going to buygold ETFs, all you're buying
really is a stake in a spotprice.
(14:43):
You're not really actuallybuying gold.
You should always think aboutthe counterparty risk to
anything, whether it's crypto orgold.
That's right.
Speaker 1 (14:51):
And whenever you see these again, these derivatives
or the ETFs or the involvementof companies like BlackRock and
JP Morgan, who are alwayspoo-pooing you know
cryptocurrencies when you seethat happening you know they
it's kind of like the old thing.
They got to get behind youbefore they can stab you in the
back.
When these big companies startto buy into something, it's like
(15:12):
oh good, now they're they're aninvestor like me.
No, they're getting into it sothat they can manipulate this
thing, because if they canmanipulate it and crash it,
they've still got lots moremoney they can put in and ride
this thing up.
That's the whole point.
They don't want things goinggoing horizontal.
They want them.
They want a roller coaster rideright, dip and then straight up
with a ride and all the rest ofthe stuff.
(15:32):
And so to me, that's a big, bigwarning.
When you've got biginstitutions coming in and
you've got derivativeinstruments that they're
inventing and all of a suddencreating for the first time.
But that's a.
To me that's a real scary thing.
We got another question for you.
This is off of Rumble.
Atomic Dog, says David.
In four years, almost to theday, gold is now up 33.2%, 25%
(15:58):
last three, 14% the last twoyears.
I would accept that as realinflation that we have seen over
the last four years.
Would Tony agree Absolutely?
Speaker 2 (16:09):
Yeah, yeah, I think that's more into watch
commodities, even though they'remanipulated.
And I and I think that'sprobably just the tip of the
iceberg if you really follow theamount of currency creation,
the actual expansion of themoney supply, the inflation is
much worse.
And it's and you find it infood and other things, because a
(16:29):
lot of these other productsthat we talked about this before
, they're saying, oh well, thoseprices are stabilizing or
they've gone down.
That's because there's nodemand.
You're talking about luxuryitems or or electronics and
things that people can dowithout or they can use an older
model.
But the real inflation is inthe grocery store.
Yeah, that's where you go findthe real, the real cost of what
they've done in the last fiveyears.
That's right, yeah, and whenyou look at it again, you know,
(16:50):
whenever you're in a market, youknow you're in a market, you're
in a market, you know you're ina market, you're in a market.
Speaker 1 (16:53):
Yeah, and when you look at it again, you know
whenever you look at a trendline with something, you're
going to see the stuff jumpingall around and then they draw
the line through it becausethere's a lot of noise that's
there and that's this kind ofday to day variation or month to
month variation.
But over a period of time.
You can see that and you and Ihave talked about this for the
longest time how, over a centuryor longer, you can see that.
(17:15):
You know, the value of goldstays there, along with the
value of other things that youbuy with a custom suit or travel
or things like that.
Some of those have been helpedby efficiencies of manufacturing
or other things like that, butfor the most part it stays there
, not so with these fiatcurrencies.
So that's a key thing, you know.
(17:36):
One of the things that we'reseeing also is the fact that Liz
Warren and others, always,always Liz Warren.
She's always present presentingherself as a champion of a
little guy when she's really forbig government and big banks.
Now they're talking about awealth tax.
I don't know if you saw this ornot, but it'll only apply to
the ultra rich.
So you and I don't have toworry about this.
(17:56):
Right, right, right, but itjust like the income tax you
know that only applied to theultra, ultra rich and it was a
very small tax initially for theultra, ultra rich, but we know
what happened to that.
Now they're pushing this outthere to confiscate money, and
the other part of it is theyknow that's going to drive
people out of the country, sothen they have to, on the back
end of it, put a big penalty foranybody that leaves the country
(18:16):
.
This is another sign ofdesperation and the fact that
they're never going to leavepeople alone, isn't it?
Speaker 2 (18:25):
Well, it's again go back to 1913.
You go back to the 16thAmendment.
This was brought to you by theworld's richest people.
They indemnified themselves,they built their foundations and
then they said oh no, no, no,this is just for the ultra rich,
it's just, it's just for thetop.
Well, it wasn't.
It's supposed to trickle downand it's supposed to affect all
of their competition.
(18:45):
Elizabeth Warren is a stoogeFor international banking.
That's what she is.
I mean that she's not whether.
Where's the grassrootsenthusiasm For Elizabeth Warren?
I remember when she this wasback in the 2019 at the primary
and she was running and I washaving my radio show Went in.
I said I think she's got the itfactor, though, you know, like
the clown, it like in the sewer,I think she's definitely got
(19:08):
the it factors.
That's when she had thecommercial streets Like I'm
gonna go get a beer out of therefrigerator.
And you think, if this personis this animatronics, is she
escaped from Chuck E cheese?
There's something wrong withher.
And she's always, you know,portraying herself as well Other
than other than being, you know, Pocahontas and all the rest of
that to portraying herself forthe is the little guy.
(19:29):
You know, I'm for the littleguy.
I'm sticking up for the workingclass and the teachers and all
that.
And you look at how adamant sheis about.
Speaker 1 (19:36):
I mean boys, you have the true hatred of crypto and
pushing all its other stuff.
You know that she's there forthe big banks.
You know she's aligned withthem and her interest precisely,
and yet continuing to tellpeople oh, I'm there for the
little guys that the consumerand I always get the word order
out.
But this consumer financialprotection board that she she
(19:56):
created.
What they did was I drove a lotof small, medium-sized banks
out of business.
It didn't protect any consumersat all.
It just drove small,medium-sized banks out of
business that were thecompetitors of her bosses.
Speaker 2 (20:06):
Always the goal.
Yeah, she is a mouthpiece forinternational banking and
multinational Corporations,period.
That's all she is.
And all these this is likethey're speaking through her.
You know, those who oppose thefree market of crypto.
It always is the high-gainlyand dialectic to David, you know
, it's like oh well, we need toregulate these well, well, well,
well, we need to do is wecreate an ETF and we'll let the
(20:29):
black rock regulated, we'll letthe you know, the majors and the
banks will regulate, crit willgo through them, so that it's a
poison pill, you know, any kind.
That's the way they do it.
Well, it's either gonna outlawit or we'll make it go through
this system, and that's again.
So it's so transparent.
If you're looking, if you'relooking at history, to know
whether these people Actuallyare and you know, I I'd like to
(20:51):
I wonder how that's the stafferthat she had that came out and
was.
It was all for the Bitcoin ETFsthat.
You see, I don't know if youremember that Somebody got it in
, hector or staffer, maybe ontheir way out.
I hope they're okay.
I don't know where I did someflowers somewhere or whatever
happened to that staffer, butsomebody came out on her Twitter
(21:12):
and was endorsing Bitcoin.
Speaker 1 (21:14):
Well, you know, when you look at this and the origins
of this and you compare it tothe beginning and the origin of
the income tax and the ratesthat were there, that was like,
I think, a 1% tax and you had tobe like a you know, I forget
the level, but it was, you know,like a multi-billionaire.
Today she's starting out atsomething that's even higher
than that to begin with, and weall know that it's going to
migrate, as the income tax did,to the middle class.
(21:35):
But they're starting out with a2% tax on anybody that's got a
net worth between 50 million anda billion.
If you're over a billion, itgoes to 3% and they put this in
and they sell it to people basedon people's envy.
It's like, oh yeah, why I'mnowhere close to 50 million.
So I, you know, yeah, thosepeople should pay their fair
share, and so forth and so on,knowing that these people have
(21:59):
an army of accountants andthey're not gonna pay any taxes,
no matter what Elizabeth Warrendoes, they're gonna find some
way out of it, or they'll buysome politicians to put a couple
loopholes in specifically, andthey'll jump through those
loopholes.
But the thing that concerns me,that just doesn't have any
attention anymore from theRepublicans is this army of IRS
(22:20):
agents.
In fact, they're gonna makethis thing not even five times
bigger.
You know you had Kevin McCarthysay well, let's not make it
nine times Bigger, let's onlymake it five times bigger.
Whatever, I'm sorry, seventimes bigger, let's make it five
times bigger.
And now you got Johnson, who'sback up to making it as big as
Biden and Pelosi wanted it inthe first place up to seven
times bigger.
(22:40):
Nobody is talking about that andand that, along with their
Continual push to say that theywant to, that one of their key
duties is to have CBDC.
That's the stuff that reallyconcerns me, this digitization,
and so you know we've talkedabout the value and the
imploding value, I think, thevalue of the dollar that will
(23:02):
implode.
But the thing that concerns meeven more than that is Having
something that is going to beprivate.
There's gonna be physical, as aCatherine Austin Fitz points
out, having financial, privatefinancial transactions, and
that's the thing that makes mewant to get out of digital and
(23:23):
get into physical.
That's the key thing that I'mlooking for JP Morgan visa
joining Mastercard and so manyothers talking about how they're
going to biometric scanning,facial recognition, contactless
payment.
They want to start with grocerystores.
They want to start withEntertainment venues.
That's what they focused onthose two and I thought, yeah,
(23:45):
bread and circuses, that's whatI want to get everybody.
You're gonna have to have adigital currency and biometric
ID in order to get bread orcircuses.
They want to use those chokepoints on people.
Speaker 2 (23:56):
Oh, the only thing new under the Sun is the history
you don't know.
That's right, that took hold.
Harry Truman, and you know,thinking about Shakespeare, is
that when troubles come, they,not they don't come in single
spies, but in battalions, andthese are All these things that
are coming down the CBD.
See, yeah, again.
Speaker 1 (24:14):
Battalions of IRS 7000 ira.
Was that battalions of?
Speaker 2 (24:18):
IRS, yeah, but battalions over the 87,000 IRS
agents.
The new regulations are gettinghaving to use your biometrics
and this is, they're creating aTrap for all of us.
Anybody who remembers what itwas like to live in and and what
a semblance at least IConsciously accepted it as a
free country.
I don't know what I'm inanymore.
(24:38):
I'm in some sort of economysector in the new world order.
That's what I feel like.
Yeah, no longer, no longer in.
And what I feel like was youknow, my beloved Republic that I
that I love so much, yes, and Ithink this is what we're having
to endure is it's multi-pronged, but at the same time, again,
we're not trying to fix that oldsystem, we're just building new
(24:59):
ones.
That's the you know, our buck.
Mr Fuller talked about that andI, you know he's long since
died, in the early 80s, but hewas a futurist and a genius and
you talked about having you knowit.
Would you see something?
The old system don't try to togo to, go yell at it or try to
prop it back up or whatever.
Fix it from the inside.
Just build a new thing and that, and I think there's a lot of
(25:20):
innovation, there's good thingsgoing on at the same time.
But we need to be aware of theproblems, like we're we
Definitely you and I talk aboutthem every week.
We definitely know they'recoming and we're we were way
ahead of Even mainstream or evenyou know the have conservatives
now I'm gonna do theconservatives.
You have people talking aboutCBDC, but I don't think they
fully grasp where it's comingfrom.
(25:40):
You know both, both majorcandidates in the race Going
into 2024.
We know their history with CBDC.
Whether it's Trump, with yourKrishna, or Biden, and again I
these are, they have the samedonors.
They have the same plans.
It may come in different forms,but CBDC is coming.
So I think, just knowing thatyou talk about it being outside
of the system, whether it's, youknow, physical gold and silver.
(26:03):
You know having that in yourhand.
You know having an ability toaccess physical metals, like you
know, david, if you and I wantto do, if I want to buy a
tractor from you and I, you knowI go down to Tennessee and I
want to buy a tractor from youor whatever, and I give you a
few gold coins, where's the bankin that?
Where's the yes, who knowsabout you?
And I know, and I've got valuefor value and and we get, we
(26:24):
walk away.
That's right and that is athat's a major fear to the
powers to be.
That's why they want to killcash.
That's right.
It's you know they there's beena war on, there's a war on cash
.
I promise you that.
Speaker 1 (26:36):
The physical thing is the key.
Physical thing, physical andanonymous that's that's really
the key and that's a very, veryimportant thing to prepare for,
absolutely.
Talk a little bit about theIRAs.
You said that you had somebodyask you a question about About
how to do a metal IRA.
Speaker 2 (26:54):
Yeah, one of your listeners called me yesterday
and just said you know it wouldbe great if you and David take
just a few minutes to explainthat he goes.
There's probably hundreds ofpeople like me that want to know
, as you mentioned it, but youdon't ever explain how it works.
Well, I appreciate the question.
It's I've been doing these.
When I first set up my shop Iwanted to be a little bit
smaller.
Shops generally don't offer IRA.
(27:15):
That's usually your big 1 800number places and you know
that's they do a lot of thebigger transactions.
So I decided I'll get into this.
I'll get my tones figure outhow to do it, and we did.
We have a company that wepartnered with through the
trading floor in Dallas Callednew direction trust.
So they handle all the legal,you know, set up your IRA, all
the paperwork, all the docs,make sure everything's great.
(27:35):
Once you set that it's $50, yougo to new direction trust
website.
You set up an account, you know, deposit $50 and then you've
got a precious metals IRA.
If you have an existing IRA or401k, you can without penalty
roll that in all those fundsthat are sitting in the fiat
market, because that's what itis.
(27:56):
And if you're in paper oryou're 401k is IRA's, it's it's
fiat market.
Whenever you want to put that,those funds, you can roll that
again, no penalty.
New direction trust helps youroll over those funds into the
precious metals IRA.
Once it's in there you cancontact us and we'll buy you
physical.
Precious metals is not a pieceof paper, it's your metals.
I mean, it's gonna you pick.
(28:16):
If you want Canadian MapleLeafs, those are your Canadian
Maple Leafs.
You know that's.
If you're American Eagles, it'syour American Eagles and you
own those.
They have to go into athird-party vault again, not in
the bank, it has nothing to do,it's not inside.
The cool thing about theprecious metals IRAs and why
endorse them is because at leastit's a First step removed.
There's no bank, there's nobank, it's not under that
(28:39):
regulation.
So those are gonna go intothird-party store storage vaults
.
I use Dallas, I and I and that'sjust me personally but there's
all over the United States.
They've got them in Nevada,that the Idaho, they've, they've
got them in Delaware.
So there's all there, they'reall over the place.
There's I think there's 10major vaults you can choose from
.
Um storage is about a hundredand eighty dollars a year.
(29:01):
So if you got, you know fiatfunds in the market and you're
interested, it's a very easyprocess.
So you can go to David Knight,dog Golding, contact us.
I can show you how.
It's just Literally a newdirection.
Once you, once you open anaccount with them, they will
help you get any existing fundsover there and we get the
process done in a couple ofweeks and then you've got metal
(29:22):
stored, you know, and there'sand again there's.
You'll start to see, and I had alady that approached me when I
was in an archipelago and shesaid well, you please take a
look at my precious metals IRA.
And I spent some time with herand I had to tell her,
unfortunately, used you, used adealer that Oversold you and
some new mismatic stuff.
(29:43):
Even that happens in IRAs.
They over, they justovercharged her.
So you got to be careful withthose because a lot of these 1
800 numbers they're gonna putyou in some collectibles and
I'll, even though you've got themetals.
But you would, she got to lookat it as your melt value.
So if you they say you gave meten thousand dollars and I'm
gonna have to, you know I'mgonna have to.
There's premiums on physicalmetals, whether I like it or not
.
I can't buy things at spot, sothere's gonna be some premium
(30:05):
there, but your melt value isgonna be you know how many
ounces to spot that you have andand I try to make that number
as large as possible because Idon't want people to say, well,
I got ripped off and this lady,unfortunately, it's like more
than 50% what her deposit wasput into new mismatic blue sky.
You know just, yeah, etherealcost, when it really what you're
looking for is the melt,because that's with your
(30:27):
absolute rock bottom.
So we try to do that.
It, wise wolf, I'm very, verycognizant of.
You know People have workedvery hard to save up what they
have in these fiat markets.
You'll take a little bit of ahit because it won't be dollar
for dollar, but you're stillgonna have gold, physical gold,
physical silver, even physicalplatinum or anything.
If you want to do that in in a,you know, a tax-free Shelter,
(30:52):
which is that's really what itis, and it's outside of the bank
, that's great.
Speaker 1 (30:55):
So you just basically , once you set up the new
dimension account and then youtell your current IRA to roll
this stuff over to them.
Once they get it, they, theycontact you and you contact the
user and find out what, whatkind of mix you want to put into
your metal IRA.
Speaker 2 (31:13):
So it's a pretty simple and the first, the first
thing I do if I'm talking tosomebody Whether it's the IRA or
anything else, david, I I don'tknow if anybody else I pull up
my competition and I said thisis what the competition's
charging for x, y and z and thisis what I can do, you know.
So we generally try to save youa bit at least.
At least be transparent enoughso you know what you're buying,
mm-hmm.
Speaker 1 (31:33):
That's great.
Speaker 2 (31:33):
Yeah, it's an easy process.
Once you have it in there, weyou know we can get a.
We can get your metals in therein a few days.
Speaker 1 (31:39):
That's great, let's.
Let's talk about one more thingbefore I let you go.
If you got the time, yournetwork that you're setting up,
tell people a bit about that,where that is, and we're gonna
be there eventually.
Speaker 2 (31:48):
Well, yeah, we've got .
Jason Barker is an ambassadorfor us now and Melissa's been
helping.
We've got the free world FM isthe network.
Billy Ray Valentine and myselfhave been working on that for
about a year and a half and weare maybe two years now.
Time flies when you're in theapocalypse.
So we, we, definitely.
We talked a lot about having alifeboat for free speech.
(32:13):
Yeah, something that's.
You know I'm gonna, I'mbuilding the infrastructure so
we can have eventually have ourown servers and other things
like that, have our own app Inits audio only, but it's free
world FM.
It's a 24-hour station.
Have some great hosts overthere, like Jason Barker, angry
tiger.
A guard is up and running.
I do my show there and many,many others.
(32:34):
You have a slot there for wewant to bring you over.
We just need to get yoursoftware hooked up and that's
pretty much the last step.
And, of course, you and you andI, we can.
We can talk off air too,because I have some other ideas.
I want to run past you, but itis, it's for the people.
We got a chat there.
I think it's pretty, prettyactive On the free world FM
(32:56):
website.
So, yeah, we.
Speaker 1 (32:58):
Want to be there.
We're looking forward to beingthere.
I want to be there because,again, she said we're gonna have
a lifeboat for free speech.
It's getting rapidly worse,very, very rapidly worse.
People getting now jailsentences for Speech that the
government hates there.
They're ready to really crackthis thing down.
I think we're going to see thatafter this next election they
(33:20):
may even do it before in thename of, you know, making the
election more honest they mayshut down speech because we, you
know, we want to have an honestelection.
You certainly don't want tohave a debate, right.
So We'll be there and we'll getthis together, and we're
probably it's taking us a whileto get this stuff together, but
we want to do that and we'll bethere.
(33:41):
Free world FM good to know thatyou're putting that up and
thank you so much, tony, forsupporting us with David Knight
on gold.
We really do appreciate it,thank you.
Speaker 3 (33:49):
Thank you, dave.
The David Knight show is acritical thinking Supress
spreader.
If you've been exposed to logicby listening to the David
(34:12):
Knight show, please do your partand try not to spread it.
Financial support or simplytelling others about the show
Causes this dangerousinformation to spread.
Father, people have to trust me.
(34:32):
I mean trust the science.
Where you mask, take yourvaccine, don't ask questions.
Speaker 1 (34:46):
Using free speech to free minds.
It's the David.
Speaker 3 (34:51):
Knight show.
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