August 31, 2024 • 35 mins
Is the American dream slipping through our fingers? Listen to Tony Arterburn from Wise Wolf Gold as he unpacks the critical role of gold and silver in preserving wealth amid today's economic turbulence. With subsidies and welfare magnets making financial stability more elusive, Tony guides us through the historical context of gold-backed currencies, the impact of the U.S. departure from the gold standard, and the current trend of global central banks hoarding gold. Dive into the de-dollarization movement, the surge in cross-border payment systems utilizing precious metals and digital currencies, and the potential seismic shifts brought about by central bank digital currencies (CBDCs).
Are we witnessing the collapse of traditional financial markets? This episode covers everything from the unprecedented rise in gold prices to the growing skepticism towards the U.S. dollar. Join us as we dissect key financial gatherings like Jackson Hole and the upcoming BRICS summit, explore the crisis in commercial real estate, and delve into the psychological aftermath of the COVID-19 pandemic. We'll also touch on groundbreaking state-level initiatives in cryptocurrency and gold depositories, emphasizing the benefits of decentralization for individual freedom and economic resilience. Get ready for a thorough, engaging exploration of today's most pressing financial issues with Tony's expert insights leading the way.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:05):
All right, welcome back.
And joining us now is TonyArterman.
I began the program by talkingabout the American dream and how
it's getting pushed out of ourreach by subsidies and welfare
magnets to pull people into thiscountry.
But Tony Arterman Wise, Wolf,Gold and he's kindly set up
DavidKnight Gold to take youthere.
And of course, Tony can helpyou if you want to try to have
wealth insurance, if you want totry to preserve your wealth, if
(00:27):
you want to try to have privacy.
Gold and silver are really thebest ways to do that and he can
handle small or largetransactions.
And Tony has something that'svery unique with Wolfpack you
can determine how much you wantto gradually save on a monthly
basis and you can sign up at aparticular tier.
He's got a lot of differentdollar amounts per month and
(00:49):
you'll get gold and silver eachmonth and you'll be able to
participate in a group bydiscount.
It can also help you if youwant to set up a metals IRA,
gold or silver IRA.
So Tony can help you with allthat stuff.
Thank you for joining us, Tony.
Always great to be here.
David, Thanks for having me.
Thank you, what's on your mind?
I'm looking at these.
(01:10):
Should the dollar be backed bygold?
I was just talking the otherday about.
You mentioned all the timeabout currency versus money and
all the rest of this stuff, andyou know, I think that's that's
kind of a rhetorical questionthat he's putting there.
You know what is the differencebetween money and a currency,
and so that's one of the thingsthat people need to start to get
(01:31):
their perspective right.
I think they need to understandthe difference between those
things, and you know we talkabout backing a currency by gold
.
Some people have started doingthat with cryptocurrency and
some other things, but gold isthe thing, isn't it?
I mean that's you don't reallyneed the dollar, is there?
It's not going to be backed byanything and they're not going
(01:51):
to make it honest by evenputting gold behind it, are they
?
Speaker 2 (01:56):
No, we've tried that before.
And Franklin Roosevelt made itillegal for you to own gold in
1933.
But we still had a quoteunquote gold standard until 1971
.
And you know, the rest of theworld took notice.
They realized that we werewriting checks, you know,
against funds that we didn'thave.
They started cashing in theirdollars at the gold window.
(02:17):
So Richard Nixon closed thegold window.
We took the silver out of ourcoinage, starting in 1965.
We debased it and again therest of the world noticed that.
So I don't think a gold standardis necessarily what we need.
However, I would point to allthe central banks not ours, but
all the central banks around theworld buying gold right now.
They believe, I think, thattheir currencies will be
(02:40):
remonetized against their goldholdings and I think that's just
kind of a trend.
They got to run the simulation,seeing that, you know, the
currency creation worldwide isunsustainable.
They inflate their way out ofdeficits and bubbles and crashes
and it's just going to continueto debase and devalue their own
(03:00):
currency.
So something's got to happen.
You know the Davos crowd callsit the great reset.
That's what they're looking todo.
So, you know, the dollar, thedollar is in real trouble.
We just noticed that the secondlargest reserve asset in the
world is now gold.
It supplanted the euro.
(03:20):
The first is the dollar, but wecan see that waning.
Um, there was an article up inthe financial times, uh,
yesterday about, um,cross-border payments are now at
an all-time high between russiaand china.
So all this, the weaponizationof the dollar over the past many
decades, but especially in thelast five years, has accelerated
(03:43):
de--dollarization.
See, that's the key.
It's slow.
I mean, you know we talk everyweek and we've mentioned the
petrodollar every week.
We're some of the few peopletalking about it, which is
monumental.
What happened?
I mean, it's cataclysmic forloss of purchasing power in the
dollar long term, but nobody'stalking about it.
We're losing the petrodollar,but it's still in the shadow of
(04:11):
itself because 80 percent of theenergy payments still go on in
dollars.
But again, you can see thetrend.
The trend is to dump the dollar.
These countries are figuring outa way to do it.
I think the key here, if you'rewatching commodities, is that
gold is the world's reservecurrency.
Just figuring out a way becauseit is physical, like figuring
out a way to use it as across-border payment, use it to
(04:33):
settle debts, you know, and todo that transactionally, and
that's what's happening.
That's what I think peoplemistake.
You know the BRICS nations andthey have a meeting coming up.
I think they mistake that forthem coming out with their own
currency, and they might comeout with something, but the goal
there will not be to supplantthe US dollar as some new
reserve currency that everyoneuses.
(04:56):
It'll be a way, in my opinion,for all of them and for
countries in their periphery andwho they do business with, to
transact outside of the dollarsystem.
It won't necessarily be thatit'll be one currency or one
thing, um which, again, the CBDCplans that are drawn up.
Um, the world economic forum wascrowing about that.
(05:16):
Um, a couple of months ago that96% of all countries had a
central bank digital currencyplan in action or or being
implemented.
That's what really is the, Ithink, the future.
It's.
It's gold and digitalcurrencies and these
cross-border payment systems.
The dollar is getting shovedout of the way, but it's not
happening.
It's not happening so fast thatthe mainstream media is paying
(05:40):
attention to it, but wecertainly.
Yeah, I agree.
Speaker 1 (05:43):
Yeah, I think that is the goal.
They're going to have a CBDC.
It'll be interoperable, sothere'll be each of the central
banks will have a digitalcurrency.
That'll be there and there'llbe interoperable.
But they see a lot of unrestand chaos in the interim as
we're transitioning to thisstuff and so they're
accumulating gold to help withthat chaos.
(06:04):
And it kind of reminds me of,you know, we used to go to
Williamsburg and ColonialWilliamsburg when the kids were
young and they would have thesereenactors that would play
different characters, likeJefferson or whatever, and
they'd say where are you from,sir?
You know I'm from NorthCarolina or whatever.
Oh well, you know, the banksthere are kind of shady.
(06:24):
You know they don't really havethe money to back the reserves
that are there, and it used tomake me think about that.
It's like, yeah, you know,there used to not be any central
bank during the time ofJefferson or any of the rest of
this stuff, and so it really wasfaith and good credit of a
particular bank and they wouldhave to have if you're going to
(06:44):
write a check or do a draft onthat bank.
It had to have a goodreputation and it kind of was
driven home.
When we went to Hong Kong and wechanged our money into the Hong
Kong dollars and I was back inthe hotel looking at it, because
they were very different interms of colors and everything I
noticed that they had radicallydifferent same denomination.
(07:08):
It would be radically differentcolors and everything.
And then I looked closely andone of them was issued by a bank
there in Hong Kong, and thenthe other one that looked very
different was issued by adifferent bank, and so I started
looking this up and it's likethis is the way it used to be in
colonial times.
You would have the differentcommercial banks, for example,
would be issuing their owncurrencies or their own drafts
(07:30):
or whatever, and that's the waythey actually did it in Hong
Kong.
And so that's really kind ofwhat the central banks are doing
.
As you're pointing out there.
They're going to be issuingtheir currency or their digital
currency, and in order forpeople to believe that they're
going to be good for it, they'regoing to have to show that
they've got some gold there andthat's why they're accumulating
(07:51):
that.
Speaker 2 (07:53):
Right, and you see, countries like Zimbabwe used to
be the laughingstock creatingthe trillion dollar notes.
They're moving to a gold backeddigital currency, same with
Nigeria, and there's others thatare that are popping up.
These are the testing grounds.
I think that's what we'rereally moving to.
I think gold will become knownas the world's reserve currency,
if you will, but all thedigitized currencies are in the
(08:18):
periphery in these nations, willbe used for cross-border
payments and again there'll beprobably a big market share of
the Chinese yuan and there stillwill be dollars and all the
rest.
But I think what really needsto be emphasized is that the
economic world order that wasset up in 1944 at Bretton Woods
is crumbling.
This is part of the.
You talk about it all the time.
(08:38):
This is part of the fourthturning where institutions get
scrapped and reset, and we'rereally watching that.
This is going to bring a lot ofeconomic chaos home.
Those dollars get repatriatedsomething called Triffin's
dilemma.
You know what happens when westocked all these central banks
around the world with dollarsand they repatriate them back
(08:58):
home to its origin, which ishere in the United States.
It will further devalue thedollar.
It is interesting to watch.
You know I read a lot ofeconomic history and you're
absolutely right.
The 19th century we didn't haveinflation.
Now there was problems withdifferent banks, different banks
.
When you have decentralizationand a free market, there's
(09:19):
always going to be problems, butnothing like the corruption of
controlling the money supplythrough the Federal Reserve.
The life of JP Morgan.
He was born in 1837, which wasyear one of us not having a
central bank.
Andrew Jackson killed thesecond bank in the United States
.
He wanted that on his tombstone, by the way.
He wanted I kill the bank onhis tombstone.
But JP Morgan was born in 1837.
(09:42):
He died in 1913.
His life was the exact span ofthe United States not having a
central bank and again theycalled it a Federal Reserve.
They met at Jekyll Island onNovember 22nd 1910.
Three years later they had theFederal Reserve enacted and of
course you talked about thatmany times.
It's a wonderful lie because itwas based off the time frame
(10:08):
going into Christmas.
So we really, I think, taking astep back.
What we're watching is thedecline of the dollar.
D-dollarization is real, it'shappening.
It's happening faster than Ihad anticipated.
I've been talking about thisfor years, but especially since
the invasion of Ukraine byRussia and the sanctions placed
(10:30):
on that.
Other countries have takennotice and they're just dumping
the system altogether and movingon, and that's why gold right
now is over $2,500 an ounce.
David, I really didn't thinkI'd see these prices either and
I'm in this business, I didn'tthink I I haven't been crowing
about, you know, $2,500 gold,that I can remember.
I thought, well, we docertainly break 2,000, 2,100,
(10:53):
certainly, certainly, you know,but these are prices that even
territory that I had notanticipated.
Speaker 1 (10:59):
At least this soon.
Speaker 2 (11:01):
I still think it's cheap, by the way.
I mean, just for all intentsand purposes, I still think it's
cheap.
But really, what this is areflection of is loss of
confidence in the dollar itselfas a reserve asset.
That's why gold has nowsupplanted the euro.
I'll say again it's supplantedthe euro as the second largest
reserve asset.
You got to remember the bank ofinternational settlements in
(11:22):
basel, switzerland?
Uh, made it a a tier one asseta few years ago.
Gold itself, um, it hadn't been, uh for a long time.
So we're really witnessingsomething historic here yeah,
and so you know we've got.
Speaker 1 (11:35):
Um, we had the meeting in jackson hole they
love to call it j hole and Icall them the a holes in j hole.
You're deciding yeah, and soyou know we've got.
We had the meeting in JacksonHole they call it J Hole and I
call them the A holes in J Hole.
You're deciding whether or notthey're going to, what they're
going to do with money, they'regoing to increase the supply,
they're going to charge more orless for interest rates and
things like that, andeverybody's expecting they're
going to change interest ratesin September.
(11:56):
Then, of course, in October wehave the BRICS summit and
that'll be all aboutde-dollarization and having
multipolar financial centers andthat type of thing breaking
away from the dollar.
So yeah, at $2,500, and it'sgone up and set several new
all-time highs in the lastcouple of weeks and it'll
retrench and it'll bounce around.
(12:17):
But I think long term, we'relooking at something not even
long term, you know, by nextyear and certainly after the
election, I think we're lookingat it going up quite a bit
higher and that's just really,as you point out, all the time,
it's really the dollar that isgoing down and that's what we're
seeing.
We're seeing the crash of thisfiat currency out of Washington,
(12:39):
as they want to tell everybodyworldwide what to do.
Now.
I got a question, though Did.
Did they put that I killed thebank on his tombstone?
Speaker 2 (12:48):
No, unfortunately no, but you know there's, there's a
lot of great history.
Andrew Jackson just despisedthe banksters.
He said they're a den of vipersand thieves and he's going to
route them out.
And in theory, you look at theconspiracy theory is that his
would-be assassin, who he canedby the way he misfired the
(13:12):
pistol, misfired he caned theman in public.
Supposedly that person was aRothschilds agent.
You never know, but definitelyhe was an enemy of international
finance and the last person toreally stand up to that cartel.
And it lasted a long time.
(13:37):
They had, because of hisopposition to a central bank and
talking to the people.
It took that long, it tookdecades, it took the lifespan of
JP Morgan, to put it, to put acentral bank back in place in
the United States and they, theyknew not to call it that.
That's why they came.
The language is very important.
It's not federal but they callit a federal reserve and there's
no reserves there.
Yeah, it's just.
It's just a scheme to tocontrol the money supply and
(14:00):
somebody like Andrew Jacksonunderstood that.
Speaker 1 (14:02):
You point out that it misfired and he caned the guy
and they got the guy, but theyput those pistols in a museum
and in recent times they tookthem out and they fired.
(14:24):
So I don't know, it's kind ofinteresting.
You know, god is sovereign indifferent things, whatever he
does.
But when we look at speaking ofmisfires, we have the
commercial real estate issues.
We have $557 billion worth ofvalue that has evaporated from
US offices.
And again, when we look at theoverall, when we're looking at
(14:46):
chaos, we're looking at thedecline of the dollar, the
decline of the financial system,especially the banks that are
in jeopardy of this.
I mean, where did this $557billion worth of value evaporate
?
Well, it's really kind ofevaporated from the banks,
because these people are goingto walk away and the banks are
going to be holding the emptybag.
(15:06):
That was money before.
We've got office buildings oneof them recently sold and it
worked out to $12 a square foot.
I mean, that's how the officecrash has really come on, and
it's really going to be thesmall and medium-sized banks
that are holding the bag withall this stuff, as it's all
(15:28):
evaporated.
Speaker 2 (15:31):
I think this is a direct correlation to not
suffering the pain, the truepain of 08, 09, you know, the
TARP funds and the injection ofliquidity into the system to
keep it from having a totalcrash.
They just put a bandaid on asucking chest wound and now
we're going to experience.
(15:51):
Unfortunately, I don't thinkthey can inflate their way out
of it, I don't think they canprint their way out of it.
You're talking about a massivepsychological loss of confidence
as well in the market.
But just, we change patterns,you know, through the lockdowns
and being not essential, and youcan't go into the office.
And these companies outsourcedand did everything over Zoom.
(16:14):
You got to remember every timethere's a commercial real estate
loan, every time there's aresidential real estate loan,
that's currency creation.
So where did it go?
Into the ether, into thenowhere it's gone.
And you look at this is why Ikeep going back to if you look
at the chart of actual so-calledwealth around the world, it's
(16:36):
estimated like what?
400 trillion.
And you see in these big blocksof like all these sovereign
wealth, funds or currencies orstock markets, and then you look
at the market cap of gold andit's 16 trillion.
How is that even possible?
How is it possible that gold,the only thing really known as
money in the history of theworld, is only a 16 trillion
(16:58):
market cap in a world where thesupposed there's hundreds of
trillions of assets?
That doesn't make any sense tome, and I think what you're
watching again, it's justsomething.
There's a bubble of all bubbles.
I don't think we can wrap ourminds around what's going to
happen when that collapses,because it'll be systemic.
It'll be a malignancy that getsinto everything.
(17:18):
We just saw a flash crash onAugust 5th across the markets
and people have short memories.
They just forgot about italready, but it looked bad.
It looked like there was goingto be a greater fallout than
there actually was.
But I think that's just astress test.
That's just a little burp onthe radar, but it's coming and I
(17:40):
think you'll see a rush toassets and there'll be
revaluations everywhere andit'll be you know, to quote the
Rothschilds be blood in thestreets.
Speaker 1 (17:51):
Yeah, yeah, it's yeah .
When that happened, I said it'snot even October yet you know,
because you see this kind ofstuff happening in.
October the major stock marketcrashes, Right, so it might just
come back in October.
But as that was happening, yousaw gold go up significantly and
so many different banks Bank ofAmerica, JP Morgan, many others
(18:12):
and, of course, as that washappening, you had weekly
reports coming out.
As that was happening, you hadweekly reports coming out.
Zero Hedge picked up a reportfrom GoldFix and said, yeah,
$3,000 gold, that's lookingpretty reasonable at this point,
just a few months out.
And if you go back and you lookat how much it has gone up in
(18:32):
just the last year, it truly isastounding, as you were saying
before year.
It truly is astounding, as youwere saying before.
But it is something that iskind of a harbinger of, I think,
what is going to be happeningthis fall and certainly after
the election.
And that's why I think we'reseeing these all-time highs with
gold.
And it's not really when itpulls back as it always does.
You know you always have peopletaking profits with anything
(18:54):
going up.
It hasn't pulled back all thatmuch.
It's continually, just slowlymoving up.
Speaker 2 (19:01):
I've heard a lot of analysts say that the price in
gold is a reflection on futurepredictions of a Harris win in
November, but I disagree.
I think the price of gold keepsmoving regardless of who's
elected.
This is macro, this isgeopolitical.
This is about what we'retalking about.
(19:21):
Like, total debt worldwide isestimated 350 trillion, so
you've got a debt to grossdomestic product worldwide
that's rivaling itself.
These things are unsustainableand you know there's a sense in
the market that that's coming.
But these are still cheapprices.
Silver's just over 30 bucks.
(19:42):
Let me check that.
I'll check goldpriceorg.
It's 29.59 on the spot priceright now.
For the white metal, $52.50 in1980, david.
Yeah, $52.50 in 1980.
This is cheap.
And what do you think Gold was?
When I was born, gold was headedup to $800 an ounce.
(20:03):
Beginning of the 70s it was $35an ounce.
Into the 70s it was $800 anounce roughly.
So what's $800 an ounce in 1980, david?
Is it more than $2,500?
You bet.
You bet it is.
You know what you could get for$800 in 1980.
So really, we're denominatingprecious metals and dollars and
(20:28):
there will come a time when wedon't.
They'll be denominated in adifferent way.
Maybe, you know, in othercommodities.
There'll be a different chart,because you know the dollar in
and of itself, we givepsychological value to it,
something I study all the timeand it is weird that we do that
because that's not part of ourhistory.
Can you imagine if we werefounded, we, america, would have
(20:48):
never made anything of itself.
It was founded on a fiatcurrency.
Yeah, the country they don't,they, they don't they go and
decline.
Uh, you know, with fiatcurrencies, you know that's the
same thing with uh, with ourtrade policies.
We weren't founded on thesefree trade agreements.
We were founded on strategicmanufacturing and and and
(21:10):
economic nationalism.
And countries decline on freetrade.
They decline on fiat currency.
And we can see that and I thinkyou know in large part what's
happening to the U?
S is done on purpose, it's doneon the inside, it's an inside
job.
I'm literally watching thepetrodollar agreement lapse,
watching, uh, these cross-borderpayments increase, not having
(21:31):
anything, not no interventionwhatsoever to bolster the dollar
, and then everybody looks tojerome powell to ask when you
know, please, daddy, can we havesome more inflation?
I know, it's just we're.
It's insane times and and you,you know, you talked about the
office stuff with the commercialreal estate.
Gerald Cilente is absolutelyright.
That's where it will begin.
It won't begin in theresidential market this time.
(21:53):
It'll be in the commercial.
That's right.
Speaker 1 (21:55):
Yeah, this is something I briefly mentioned.
I don't know if you know anymore about this, but Wyoming is
going to launch a stable coinnext year, is going to launch a
stable coin next year, and theysaid they did it because they're
very concerned about the Fed'spolicy instability, because they
know that they're going tosupport the too-big-to-fail
banks.
We know they're not going toget there.
They're going to throw thesmall and medium-sized banks to
(22:15):
the wolves when this commercialreal estate thing busts, but
they will try to save the bigbanks and bail that out.
And so there's a lot ofdifferent states that are
looking at various ways to kindof have a fallback position, a
hedge against the bad policiesof the Federal Reserve and what
may happen with the dollar, whatmay happen with the overall
(22:38):
economic system.
Some of the states here, likeTennessee and Senator Nisle was
trying to get the state to putmore gold in, you know, to buy
more gold and hold it, becauseit's kind of a hedge against
what the Federal Reserve wasgoing to do.
There's several differentsouthern states that are looking
at that.
And then of course there'sWyoming, which is talking about
(22:59):
doing a stable coin.
But you know they're just goingto put it into a crypto thing,
rather than having gold thatthey accumulate there.
But still, it's everybody'sconcerned about what the Federal
Reserve is going to do, whatthe economic system is going to
be, how the bank some banks willbe saved, but everybody else is
just going to be left to die.
What have you heard aboutWyoming, or have you heard
(23:21):
anything about that?
What is?
What are they doing with theirstable coin?
Do you know?
Speaker 2 (23:25):
I've heard a little about it and I think this is a
trend that will just continue toincrease all over the place.
I mean, just, you know whetherit's states doing it.
You look into something likeTether.
You know Tether did this withthe US dollar and have been
quite successful with it.
I don't own any Tether, but Ithink there's going to be more
(23:51):
of this popping up.
And you're absolutely right.
The states are decentralizing,setting up their own reserves
and allowing for gold and silverto be legal tender.
I applaud all this.
Oklahoma recently just passedsome massive legislation being
very friendly to crypto, veryfriendly to Bitcoin.
I'd love to see it.
That's what you need on a stateand local level recognizing
currency, recognizing gold andsilver as legal tender, anything
(24:11):
that pops up that competes withthe Fed.
I love it.
So I'm a fan, becausedecentralization promotes
freedom.
Centralization detracts fromfreedom.
It's as simple as that, andwe're watching some history
happen.
Decentralization detracts fromfreedom.
It's as simple as that andwe're watching some history
happen.
And when the BRICS nationscontinue to do what they're
doing with cross-border paymentsand recognizing gold and
commodities, the dollarcontinues to wane.
(24:32):
There'll be less influence fromthe Fed, and that's great.
That's a good thing.
It's some pain.
There'll be some short-termpain, but I like the idea of you
being your own bank.
I do that every week for myselfand I, you know, I practice what
I preach.
I started buying, I startedgetting some smaller gold coins
I talk about this all the time.
I put them in Wolfpack, I buymy own and I set them aside,
(24:55):
even with the premiums.
I'm like well, I know that 10years from now, this won't
matter.
You know, five years from now,this premium won't matter, cause
I'm you know, psychologicallyI'm saying well, this, you know
I'm paying what?
$2,600 an ounce to get this, a10th ounce coin, as opposed to,
you know, buying an ounce.
Well, it won't matter on a longenough timeline, because I'm
still giving you, I'm takingthis, this dollar that's not
(25:16):
backed by anything, and I'm youknow, I'm putting it against the
goal get the gold, havesomething that's yours.
Don't rely too much on thirdparties, whether it's a bank,
whether it's a crypto, in anexchange.
Learn how to do somethingyourself, and I would start with
precious metals.
That's where I start.
We're still going to have awise wolf Bitcoin coming up very
soon, and I have some.
There's going to be some reallyneat stuff that I'm going to be
(25:38):
able to announce on that, butit is a lot of work.
I'm working on it.
I'm kind of buried here in myoffice been working on all of
this stuff and you should seethe paperwork stacked up behind
me.
Speaker 1 (25:48):
I've been trying to get all this stuff in action,
but yeah, it's of course they'vebeen thinking about how they
can multiply the paperwork outthere to make it difficult.
Oh, which is yours no, and withthat I mean they've been pretty
successful.
If they can produce anything,they can produce paperwork out
of Washington.
Can't they successful?
If they can produce anything,they can produce paperwork out
of Washington, can't they?
It's bad, yeah.
(26:10):
Well, you know that's whatwe're talking about in terms of
the stable coin in Wyoming or,you know, adding gold to the
state treasury in southernstates and other places like
that.
People just understand theshaky situation that we're in
with the Federal Reserve and so,you see, you know Costco out
there saying, well, you know,we're going to offer gold or
whatever, or that reflects ageneral understanding of what is
(26:32):
the kind.
You know the value of gold andthe risk that we're in right now
.
This is another one.
This is an Idaho-based golddepository that's going to have
more gold in it than Fort Knoxwill be able to do.
It's called Money Metals.
It's opening up.
That's another example of youknow, we talk about bringing it
home and a lot, of, a lot ofthese large central banks and
(26:56):
other countries are bringing ithome.
They're bringing it home interms of gold.
They can't just divorcethemselves from the dollar all
at once, because it'd beabsolutely worthless if they did
that.
So they got to do it in acontrolled way, but they're
trying to bring home wealthinsurance into their country,
and that's what individuals aredoing.
You know you bring it home butyou don't necessarily want to
(27:16):
keep it at home.
This is a recognition of thatthat so many people are starting
to accumulate gold, thatthere's a market out there for a
very large, very expensiveinvestment.
Somebody's made 37,000 squarefoot vault for people to keep
gold in.
That tells you something aboutthe awareness of the importance
(27:38):
of having gold by individualsand some high net worth
individuals or some businessesor institutions, I guess yeah.
Speaker 2 (27:46):
Well, to be fair, your local pawn shop might have
more gold than Fort Knox.
I don't know.
Speaker 1 (27:51):
We haven't audited it , that's true, that's just kind
of a metaphor, I guess at thispoint I know it's an estimation-
Right.
Speaker 2 (28:01):
I send product to Money Metals all the time with
my customers who use thatdepository for their IRAs.
Money metals does a good job.
So this is the privateaccumulation of gold and I like
to see people doing that, anddepositories are the way to go
when you've got a large amount.
I mean, the super wealthy arenot going to keep that at home.
(28:22):
That's right.
You don't want to tell people Iown a lot of gold and it's at
my house.
Speaker 1 (28:26):
You might have a Venezuelan gang that shows up,
you know.
Speaker 2 (28:32):
That's right.
The home invasion, that's right, you don't?
You?
It's a, it's a good hedge, andif you listen to people like
robert kiyosaki, I mean, all ofhis gold is in depositories and
so, um, I, I, I support thoseand I use money, metals, for
sure yeah, yeah, and, and, butyou know their expansion.
Speaker 1 (28:46):
You know 37 000 square feet.
They're adding and, and theysaid they can expand it up to
60,000 square feet.
So they're very, they're verybullish on people being
bullion-ish.
I guess that certainly is thezeitgeist.
Everybody is picking up on whatthe risks are and everybody
(29:08):
kind of instinctively knows whatthe solution is.
Well, anything else you want totell us about what's going on
at Wise Wolf?
I know you're working on tryingto get the crypto stuff on the
side.
What else is happening there?
Speaker 2 (29:19):
Well, we're definitely working on that with
the Bitcoin.
We're working on a new masterwebsite just because it's the
confusion between the twolocations and working on some
new projects.
A lot of great stuff we'reannouncing soon.
Wolfpack is growing and thankyou for the plug at the
beginning of the show and youknow definitely a huge portion
(29:40):
of Wolfpack are David KnightShow listeners and we so
appreciate that.
Well, that's great.
We've got some amazing products.
I think it's such a great ideathat you're doing.
Speaker 1 (29:48):
You know nobody else does that.
That I know of, and I know it'sa lot of work and a lot of
overhead for you to do that.
But it also helps for people tobe able to take advantage of.
You know a group buy and thevalue of just being able to set
aside something on a regular youknow monthly basis and to
gradually start to accumulate.
That's the whole point of it.
(30:08):
You know it's not a get richquick thing.
You know gold is not a rollercoaster, which is what I like
about it.
You know it is a, but you knowthe race goes to the tortoise,
not to the hare, necessarilyright, right, and it should be
that way, I get too worried whenI see the prices of the stock
market going up and down and thecryptocurrency going up and
down.
You can get rich quick or youcan get poor quick, depending on
(30:31):
.
Sometimes you're forced to getoff the roller coaster, you know
, and you might have to get offthe roller coaster when it's
down.
Speaker 2 (30:41):
Well, if anybody that knows me and I've always been
honest, but I like crypto and Ido use Bitcoin and I like
Bitcoin and we're going to havemore to say about that very soon
but if you really press me andsay, tony, what are you going to
?
If you had, if you had, to turnsome fiat currency into
something, what would you do?
It would be gold and silver and, depending on if I, how fast I
needed to move or go somewhere,or how mobile I needed to be, it
(31:01):
would be either gold you knowthat would depend on what I
bought but at the end of the day, it's going to be precious
metals, because they exist inthe real world.
And you're right, a lot ofpeople in the crypto space
complain about gold, complainabout silver.
It really doesn't go up thatfast.
It's not parabolic.
Well, that's because it's money.
It's not supposed to.
(31:23):
It's not these otherspeculative assets, especially
when they're still figuringthemselves out.
What know?
What does it mean to ownBitcoin?
What does it mean for markets?
It's still in its infancy.
These are going to be swingingall over the place.
Wild Gold has been around sincefor all of recorded history.
We talk about this all the time.
(31:43):
You can go back 100 years.
It's basically the buys aboutthe same amount of land, crude
oil, food, uh, clothing than itdid.
You know, it's not.
It's just that the dollaramount changed because of free
floating fiat currency and notbeing tethered by it.
So, yeah, I, I like the factthat it is a more stable and I
would tell people I didn'texpect 2500 an ounce gold.
(32:06):
Yeah, I did not expect this,and it's not coming from the
average person wanting gold.
There is some of that.
It's it's coming from you needto watch this closely.
It's coming from centralbankers.
What do they know that youdon't?
Speaker 1 (32:20):
What are they planning that you don't know?
Yes, they're planning something.
Yeah, that really is true.
It's you know, when you look atit, it is.
I think of it, it as wealthinsurance and just trying to
preserve what you've got.
That's probably going to be themost important thing that we
can do coming up into theseturbulent times, and it's going
to be very turbulent times thenext four years, no question
(32:40):
about it.
Change is going to really beaccelerating, and it may not be
for the better, and so you needto have something that you can
fall back on.
Saving is always good, but youwant to make sure that you save
money and not the pieces ofpaper, and I would include that
with the paper gold that wetalked about so many times.
It's one of the reasons why, ora method that they can use to
(33:01):
manipulate the price of gold,and, of course, now they're
doing derivatives oncryptocurrency as well.
That's always the way that theycan manipulate these markets
with it, but the reality is isif you go back and you look at
the price of things in gold,that really tells you how it is
a store of wealth and how it issolid versus the price of gold
(33:21):
in dollars, that's.
That doesn't really tell youanything at all.
So that's always great talkingto you, tony, and thank you so
much for supporting the program.
It really is important to us.
I appreciate that.
Appreciate you, sir.
Thank you and again, uh,davidknightgold, take you to
Tony at wisewolfgold and checkout Wolfpack, the common man.
(33:51):
They created common core todumb down our children.
They created common past totrack and control us, their
commons project to make sure thecommoners own nothing, and the
communist future.
They see the common man assimple, unsophisticated,
(34:11):
ordinary.
But each of us has worth anddignity, created in the image of
God.
That is what we have in common.
That is what they want to takeaway.
Their most powerful weapons areisolation, deception,
intimidation.
They desire to know everythingabout us, while they hide
(34:32):
everything from us.
It's time to turn that aroundand expose what they want to
hide.
Please share the informationand links you'll find at
thedavidknightshowcom.
Thank you for listening.
Thank you for sharing.
Thank you for listening.
Thank you for sharing.
If you can't support usfinancially, please keep us in
(34:55):
your prayers.
Thank you.
All right, welcome back.
And joining us now is TonyArterman.
I began the program by talkingabout the American dream and how
it's getting pushed out of ourreach by subsidies and welfare
magnets to pull people into thiscountry.
But Tony Arterman Wise, Wolf,Gold and he's kindly set up
DavidKnight Gold to take youthere.
And of course, Tony can helpyou if you want to try to have
wealth insurance, if you want totry to preserve your wealth, if
(00:27):
you want to try to have privacy.
Gold and silver are really thebest ways to do that and he can
handle small or largetransactions.
And Tony has something that'svery unique with Wolfpack you
can determine how much you wantto gradually save on a monthly
basis and you can sign up at aparticular tier.
He's got a lot of differentdollar amounts per month and
(00:49):
you'll get gold and silver eachmonth and you'll be able to
participate in a group bydiscount.
It can also help you if youwant to set up a metals IRA,
gold or silver IRA.
So Tony can help you with allthat stuff.
Thank you for joining us, Tony.
Always great to be here.
David, Thanks for having me.
Thank you, what's on your mind?
I'm looking at these.
(01:10):
Should the dollar be backed bygold?
I was just talking the otherday about.
You mentioned all the timeabout currency versus money and
all the rest of this stuff, andyou know, I think that's that's
kind of a rhetorical questionthat he's putting there.
You know what is the differencebetween money and a currency,
and so that's one of the thingsthat people need to start to get
(01:31):
their perspective right.
I think they need to understandthe difference between those
things, and you know we talkabout backing a currency by gold
.
Some people have started doingthat with cryptocurrency and
some other things, but gold isthe thing, isn't it?
I mean that's you don't reallyneed the dollar, is there?
It's not going to be backed byanything and they're not going
(01:51):
to make it honest by evenputting gold behind it, are they
?
Speaker 2 (01:56):
No, we've tried that before.
And Franklin Roosevelt made itillegal for you to own gold in
1933.
But we still had a quoteunquote gold standard until 1971
.
And you know, the rest of theworld took notice.
They realized that we werewriting checks, you know,
against funds that we didn'thave.
They started cashing in theirdollars at the gold window.
(02:17):
So Richard Nixon closed thegold window.
We took the silver out of ourcoinage, starting in 1965.
We debased it and again therest of the world noticed that.
So I don't think a gold standardis necessarily what we need.
However, I would point to allthe central banks not ours, but
all the central banks around theworld buying gold right now.
They believe, I think, thattheir currencies will be
(02:40):
remonetized against their goldholdings and I think that's just
kind of a trend.
They got to run the simulation,seeing that, you know, the
currency creation worldwide isunsustainable.
They inflate their way out ofdeficits and bubbles and crashes
and it's just going to continueto debase and devalue their own
(03:00):
currency.
So something's got to happen.
You know the Davos crowd callsit the great reset.
That's what they're looking todo.
So, you know, the dollar, thedollar is in real trouble.
We just noticed that the secondlargest reserve asset in the
world is now gold.
It supplanted the euro.
(03:20):
The first is the dollar, but wecan see that waning.
Um, there was an article up inthe financial times, uh,
yesterday about, um,cross-border payments are now at
an all-time high between russiaand china.
So all this, the weaponizationof the dollar over the past many
decades, but especially in thelast five years, has accelerated
(03:43):
de--dollarization.
See, that's the key.
It's slow.
I mean, you know we talk everyweek and we've mentioned the
petrodollar every week.
We're some of the few peopletalking about it, which is
monumental.
What happened?
I mean, it's cataclysmic forloss of purchasing power in the
dollar long term, but nobody'stalking about it.
We're losing the petrodollar,but it's still in the shadow of
(04:11):
itself because 80 percent of theenergy payments still go on in
dollars.
But again, you can see thetrend.
The trend is to dump the dollar.
These countries are figuring outa way to do it.
I think the key here, if you'rewatching commodities, is that
gold is the world's reservecurrency.
Just figuring out a way becauseit is physical, like figuring
out a way to use it as across-border payment, use it to
(04:33):
settle debts, you know, and todo that transactionally, and
that's what's happening.
That's what I think peoplemistake.
You know the BRICS nations andthey have a meeting coming up.
I think they mistake that forthem coming out with their own
currency, and they might comeout with something, but the goal
there will not be to supplantthe US dollar as some new
reserve currency that everyoneuses.
(04:56):
It'll be a way, in my opinion,for all of them and for
countries in their periphery andwho they do business with, to
transact outside of the dollarsystem.
It won't necessarily be thatit'll be one currency or one
thing, um which, again, the CBDCplans that are drawn up.
Um, the world economic forum wascrowing about that.
(05:16):
Um, a couple of months ago that96% of all countries had a
central bank digital currencyplan in action or or being
implemented.
That's what really is the, Ithink, the future.
It's.
It's gold and digitalcurrencies and these
cross-border payment systems.
The dollar is getting shovedout of the way, but it's not
happening.
It's not happening so fast thatthe mainstream media is paying
(05:40):
attention to it, but wecertainly.
Yeah, I agree.
Speaker 1 (05:43):
Yeah, I think that is the goal.
They're going to have a CBDC.
It'll be interoperable, sothere'll be each of the central
banks will have a digitalcurrency.
That'll be there and there'llbe interoperable.
But they see a lot of unrestand chaos in the interim as
we're transitioning to thisstuff and so they're
accumulating gold to help withthat chaos.
(06:04):
And it kind of reminds me of,you know, we used to go to
Williamsburg and ColonialWilliamsburg when the kids were
young and they would have thesereenactors that would play
different characters, likeJefferson or whatever, and
they'd say where are you from,sir?
You know I'm from NorthCarolina or whatever.
Oh well, you know, the banksthere are kind of shady.
(06:24):
You know they don't really havethe money to back the reserves
that are there, and it used tomake me think about that.
It's like, yeah, you know,there used to not be any central
bank during the time ofJefferson or any of the rest of
this stuff, and so it really wasfaith and good credit of a
particular bank and they wouldhave to have if you're going to
(06:44):
write a check or do a draft onthat bank.
It had to have a goodreputation and it kind of was
driven home.
When we went to Hong Kong and wechanged our money into the Hong
Kong dollars and I was back inthe hotel looking at it, because
they were very different interms of colors and everything I
noticed that they had radicallydifferent same denomination.
(07:08):
It would be radically differentcolors and everything.
And then I looked closely andone of them was issued by a bank
there in Hong Kong, and thenthe other one that looked very
different was issued by adifferent bank, and so I started
looking this up and it's likethis is the way it used to be in
colonial times.
You would have the differentcommercial banks, for example,
would be issuing their owncurrencies or their own drafts
(07:30):
or whatever, and that's the waythey actually did it in Hong
Kong.
And so that's really kind ofwhat the central banks are doing
.
As you're pointing out there.
They're going to be issuingtheir currency or their digital
currency, and in order forpeople to believe that they're
going to be good for it, they'regoing to have to show that
they've got some gold there andthat's why they're accumulating
(07:51):
that.
Speaker 2 (07:53):
Right, and you see, countries like Zimbabwe used to
be the laughingstock creatingthe trillion dollar notes.
They're moving to a gold backeddigital currency, same with
Nigeria, and there's others thatare that are popping up.
These are the testing grounds.
I think that's what we'rereally moving to.
I think gold will become knownas the world's reserve currency,
if you will, but all thedigitized currencies are in the
(08:18):
periphery in these nations, willbe used for cross-border
payments and again there'll beprobably a big market share of
the Chinese yuan and there stillwill be dollars and all the
rest.
But I think what really needsto be emphasized is that the
economic world order that wasset up in 1944 at Bretton Woods
is crumbling.
This is part of the.
You talk about it all the time.
(08:38):
This is part of the fourthturning where institutions get
scrapped and reset, and we'rereally watching that.
This is going to bring a lot ofeconomic chaos home.
Those dollars get repatriatedsomething called Triffin's
dilemma.
You know what happens when westocked all these central banks
around the world with dollarsand they repatriate them back
(08:58):
home to its origin, which ishere in the United States.
It will further devalue thedollar.
It is interesting to watch.
You know I read a lot ofeconomic history and you're
absolutely right.
The 19th century we didn't haveinflation.
Now there was problems withdifferent banks, different banks
.
When you have decentralizationand a free market, there's
(09:19):
always going to be problems, butnothing like the corruption of
controlling the money supplythrough the Federal Reserve.
The life of JP Morgan.
He was born in 1837, which wasyear one of us not having a
central bank.
Andrew Jackson killed thesecond bank in the United States
.
He wanted that on his tombstone, by the way.
He wanted I kill the bank onhis tombstone.
But JP Morgan was born in 1837.
(09:42):
He died in 1913.
His life was the exact span ofthe United States not having a
central bank and again theycalled it a Federal Reserve.
They met at Jekyll Island onNovember 22nd 1910.
Three years later they had theFederal Reserve enacted and of
course you talked about thatmany times.
It's a wonderful lie because itwas based off the time frame
(10:08):
going into Christmas.
So we really, I think, taking astep back.
What we're watching is thedecline of the dollar.
D-dollarization is real, it'shappening.
It's happening faster than Ihad anticipated.
I've been talking about thisfor years, but especially since
the invasion of Ukraine byRussia and the sanctions placed
(10:30):
on that.
Other countries have takennotice and they're just dumping
the system altogether and movingon, and that's why gold right
now is over $2,500 an ounce.
David, I really didn't thinkI'd see these prices either and
I'm in this business, I didn'tthink I I haven't been crowing
about, you know, $2,500 gold,that I can remember.
I thought, well, we docertainly break 2,000, 2,100,
(10:53):
certainly, certainly, you know,but these are prices that even
territory that I had notanticipated.
Speaker 1 (10:59):
At least this soon.
Speaker 2 (11:01):
I still think it's cheap, by the way.
I mean, just for all intentsand purposes, I still think it's
cheap.
But really, what this is areflection of is loss of
confidence in the dollar itselfas a reserve asset.
That's why gold has nowsupplanted the euro.
I'll say again it's supplantedthe euro as the second largest
reserve asset.
You got to remember the bank ofinternational settlements in
(11:22):
basel, switzerland?
Uh, made it a a tier one asseta few years ago.
Gold itself, um, it hadn't been, uh for a long time.
So we're really witnessingsomething historic here yeah,
and so you know we've got.
Speaker 1 (11:35):
Um, we had the meeting in jackson hole they
love to call it j hole and Icall them the a holes in j hole.
You're deciding yeah, and soyou know we've got.
We had the meeting in JacksonHole they call it J Hole and I
call them the A holes in J Hole.
You're deciding whether or notthey're going to, what they're
going to do with money, they'regoing to increase the supply,
they're going to charge more orless for interest rates and
things like that, andeverybody's expecting they're
going to change interest ratesin September.
(11:56):
Then, of course, in October wehave the BRICS summit and
that'll be all aboutde-dollarization and having
multipolar financial centers andthat type of thing breaking
away from the dollar.
So yeah, at $2,500, and it'sgone up and set several new
all-time highs in the lastcouple of weeks and it'll
retrench and it'll bounce around.
(12:17):
But I think long term, we'relooking at something not even
long term, you know, by nextyear and certainly after the
election, I think we're lookingat it going up quite a bit
higher and that's just really,as you point out, all the time,
it's really the dollar that isgoing down and that's what we're
seeing.
We're seeing the crash of thisfiat currency out of Washington,
(12:39):
as they want to tell everybodyworldwide what to do.
Now.
I got a question, though Did.
Did they put that I killed thebank on his tombstone?
Speaker 2 (12:48):
No, unfortunately no, but you know there's, there's a
lot of great history.
Andrew Jackson just despisedthe banksters.
He said they're a den of vipersand thieves and he's going to
route them out.
And in theory, you look at theconspiracy theory is that his
would-be assassin, who he canedby the way he misfired the
(13:12):
pistol, misfired he caned theman in public.
Supposedly that person was aRothschilds agent.
You never know, but definitelyhe was an enemy of international
finance and the last person toreally stand up to that cartel.
And it lasted a long time.
(13:37):
They had, because of hisopposition to a central bank and
talking to the people.
It took that long, it tookdecades, it took the lifespan of
JP Morgan, to put it, to put acentral bank back in place in
the United States and they, theyknew not to call it that.
That's why they came.
The language is very important.
It's not federal but they callit a federal reserve and there's
no reserves there.
Yeah, it's just.
It's just a scheme to tocontrol the money supply and
(14:00):
somebody like Andrew Jacksonunderstood that.
Speaker 1 (14:02):
You point out that it misfired and he caned the guy
and they got the guy, but theyput those pistols in a museum
and in recent times they tookthem out and they fired.
(14:24):
So I don't know, it's kind ofinteresting.
You know, god is sovereign indifferent things, whatever he
does.
But when we look at speaking ofmisfires, we have the
commercial real estate issues.
We have $557 billion worth ofvalue that has evaporated from
US offices.
And again, when we look at theoverall, when we're looking at
(14:46):
chaos, we're looking at thedecline of the dollar, the
decline of the financial system,especially the banks that are
in jeopardy of this.
I mean, where did this $557billion worth of value evaporate
?
Well, it's really kind ofevaporated from the banks,
because these people are goingto walk away and the banks are
going to be holding the emptybag.
(15:06):
That was money before.
We've got office buildings oneof them recently sold and it
worked out to $12 a square foot.
I mean, that's how the officecrash has really come on, and
it's really going to be thesmall and medium-sized banks
that are holding the bag withall this stuff, as it's all
(15:28):
evaporated.
Speaker 2 (15:31):
I think this is a direct correlation to not
suffering the pain, the truepain of 08, 09, you know, the
TARP funds and the injection ofliquidity into the system to
keep it from having a totalcrash.
They just put a bandaid on asucking chest wound and now
we're going to experience.
(15:51):
Unfortunately, I don't thinkthey can inflate their way out
of it, I don't think they canprint their way out of it.
You're talking about a massivepsychological loss of confidence
as well in the market.
But just, we change patterns,you know, through the lockdowns
and being not essential, and youcan't go into the office.
And these companies outsourcedand did everything over Zoom.
(16:14):
You got to remember every timethere's a commercial real estate
loan, every time there's aresidential real estate loan,
that's currency creation.
So where did it go?
Into the ether, into thenowhere it's gone.
And you look at this is why Ikeep going back to if you look
at the chart of actual so-calledwealth around the world, it's
(16:36):
estimated like what?
400 trillion.
And you see in these big blocksof like all these sovereign
wealth, funds or currencies orstock markets, and then you look
at the market cap of gold andit's 16 trillion.
How is that even possible?
How is it possible that gold,the only thing really known as
money in the history of theworld, is only a 16 trillion
(16:58):
market cap in a world where thesupposed there's hundreds of
trillions of assets?
That doesn't make any sense tome, and I think what you're
watching again, it's justsomething.
There's a bubble of all bubbles.
I don't think we can wrap ourminds around what's going to
happen when that collapses,because it'll be systemic.
It'll be a malignancy that getsinto everything.
(17:18):
We just saw a flash crash onAugust 5th across the markets
and people have short memories.
They just forgot about italready, but it looked bad.
It looked like there was goingto be a greater fallout than
there actually was.
But I think that's just astress test.
That's just a little burp onthe radar, but it's coming and I
(17:40):
think you'll see a rush toassets and there'll be
revaluations everywhere andit'll be you know, to quote the
Rothschilds be blood in thestreets.
Speaker 1 (17:51):
Yeah, yeah, it's yeah .
When that happened, I said it'snot even October yet you know,
because you see this kind ofstuff happening in.
October the major stock marketcrashes, Right, so it might just
come back in October.
But as that was happening, yousaw gold go up significantly and
so many different banks Bank ofAmerica, JP Morgan, many others
(18:12):
and, of course, as that washappening, you had weekly
reports coming out.
As that was happening, you hadweekly reports coming out.
Zero Hedge picked up a reportfrom GoldFix and said, yeah,
$3,000 gold, that's lookingpretty reasonable at this point,
just a few months out.
And if you go back and you lookat how much it has gone up in
(18:32):
just the last year, it truly isastounding, as you were saying
before year.
It truly is astounding, as youwere saying before.
But it is something that iskind of a harbinger of, I think,
what is going to be happeningthis fall and certainly after
the election.
And that's why I think we'reseeing these all-time highs with
gold.
And it's not really when itpulls back as it always does.
You know you always have peopletaking profits with anything
(18:54):
going up.
It hasn't pulled back all thatmuch.
It's continually, just slowlymoving up.
Speaker 2 (19:01):
I've heard a lot of analysts say that the price in
gold is a reflection on futurepredictions of a Harris win in
November, but I disagree.
I think the price of gold keepsmoving regardless of who's
elected.
This is macro, this isgeopolitical.
This is about what we'retalking about.
(19:21):
Like, total debt worldwide isestimated 350 trillion, so
you've got a debt to grossdomestic product worldwide
that's rivaling itself.
These things are unsustainableand you know there's a sense in
the market that that's coming.
But these are still cheapprices.
Silver's just over 30 bucks.
(19:42):
Let me check that.
I'll check goldpriceorg.
It's 29.59 on the spot priceright now.
For the white metal, $52.50 in1980, david.
Yeah, $52.50 in 1980.
This is cheap.
And what do you think Gold was?
When I was born, gold was headedup to $800 an ounce.
(20:03):
Beginning of the 70s it was $35an ounce.
Into the 70s it was $800 anounce roughly.
So what's $800 an ounce in 1980, david?
Is it more than $2,500?
You bet.
You bet it is.
You know what you could get for$800 in 1980.
So really, we're denominatingprecious metals and dollars and
(20:28):
there will come a time when wedon't.
They'll be denominated in adifferent way.
Maybe, you know, in othercommodities.
There'll be a different chart,because you know the dollar in
and of itself, we givepsychological value to it,
something I study all the timeand it is weird that we do that
because that's not part of ourhistory.
Can you imagine if we werefounded, we, america, would have
(20:48):
never made anything of itself.
It was founded on a fiatcurrency.
Yeah, the country they don't,they, they don't they go and
decline.
Uh, you know, with fiatcurrencies, you know that's the
same thing with uh, with ourtrade policies.
We weren't founded on thesefree trade agreements.
We were founded on strategicmanufacturing and and and
(21:10):
economic nationalism.
And countries decline on freetrade.
They decline on fiat currency.
And we can see that and I thinkyou know in large part what's
happening to the U?
S is done on purpose, it's doneon the inside, it's an inside
job.
I'm literally watching thepetrodollar agreement lapse,
watching, uh, these cross-borderpayments increase, not having
(21:31):
anything, not no interventionwhatsoever to bolster the dollar
, and then everybody looks tojerome powell to ask when you
know, please, daddy, can we havesome more inflation?
I know, it's just we're.
It's insane times and and you,you know, you talked about the
office stuff with the commercialreal estate.
Gerald Cilente is absolutelyright.
That's where it will begin.
It won't begin in theresidential market this time.
(21:53):
It'll be in the commercial.
That's right.
Speaker 1 (21:55):
Yeah, this is something I briefly mentioned.
I don't know if you know anymore about this, but Wyoming is
going to launch a stable coinnext year, is going to launch a
stable coin next year, and theysaid they did it because they're
very concerned about the Fed'spolicy instability, because they
know that they're going tosupport the too-big-to-fail
banks.
We know they're not going toget there.
They're going to throw thesmall and medium-sized banks to
(22:15):
the wolves when this commercialreal estate thing busts, but
they will try to save the bigbanks and bail that out.
And so there's a lot ofdifferent states that are
looking at various ways to kindof have a fallback position, a
hedge against the bad policiesof the Federal Reserve and what
may happen with the dollar, whatmay happen with the overall
(22:38):
economic system.
Some of the states here, likeTennessee and Senator Nisle was
trying to get the state to putmore gold in, you know, to buy
more gold and hold it, becauseit's kind of a hedge against
what the Federal Reserve wasgoing to do.
There's several differentsouthern states that are looking
at that.
And then of course there'sWyoming, which is talking about
(22:59):
doing a stable coin.
But you know they're just goingto put it into a crypto thing,
rather than having gold thatthey accumulate there.
But still, it's everybody'sconcerned about what the Federal
Reserve is going to do, whatthe economic system is going to
be, how the bank some banks willbe saved, but everybody else is
just going to be left to die.
What have you heard aboutWyoming, or have you heard
(23:21):
anything about that?
What is?
What are they doing with theirstable coin?
Do you know?
Speaker 2 (23:25):
I've heard a little about it and I think this is a
trend that will just continue toincrease all over the place.
I mean, just, you know whetherit's states doing it.
You look into something likeTether.
You know Tether did this withthe US dollar and have been
quite successful with it.
I don't own any Tether, but Ithink there's going to be more
(23:51):
of this popping up.
And you're absolutely right.
The states are decentralizing,setting up their own reserves
and allowing for gold and silverto be legal tender.
I applaud all this.
Oklahoma recently just passedsome massive legislation being
very friendly to crypto, veryfriendly to Bitcoin.
I'd love to see it.
That's what you need on a stateand local level recognizing
currency, recognizing gold andsilver as legal tender, anything
(24:11):
that pops up that competes withthe Fed.
I love it.
So I'm a fan, becausedecentralization promotes
freedom.
Centralization detracts fromfreedom.
It's as simple as that, andwe're watching some history
happen.
Decentralization detracts fromfreedom.
It's as simple as that andwe're watching some history
happen.
And when the BRICS nationscontinue to do what they're
doing with cross-border paymentsand recognizing gold and
commodities, the dollarcontinues to wane.
(24:32):
There'll be less influence fromthe Fed, and that's great.
That's a good thing.
It's some pain.
There'll be some short-termpain, but I like the idea of you
being your own bank.
I do that every week for myselfand I, you know, I practice what
I preach.
I started buying, I startedgetting some smaller gold coins
I talk about this all the time.
I put them in Wolfpack, I buymy own and I set them aside,
(24:55):
even with the premiums.
I'm like well, I know that 10years from now, this won't
matter.
You know, five years from now,this premium won't matter, cause
I'm you know, psychologicallyI'm saying well, this, you know
I'm paying what?
$2,600 an ounce to get this, a10th ounce coin, as opposed to,
you know, buying an ounce.
Well, it won't matter on a longenough timeline, because I'm
still giving you, I'm takingthis, this dollar that's not
(25:16):
backed by anything, and I'm youknow, I'm putting it against the
goal get the gold, havesomething that's yours.
Don't rely too much on thirdparties, whether it's a bank,
whether it's a crypto, in anexchange.
Learn how to do somethingyourself, and I would start with
precious metals.
That's where I start.
We're still going to have awise wolf Bitcoin coming up very
soon, and I have some.
There's going to be some reallyneat stuff that I'm going to be
(25:38):
able to announce on that, butit is a lot of work.
I'm working on it.
I'm kind of buried here in myoffice been working on all of
this stuff and you should seethe paperwork stacked up behind
me.
Speaker 1 (25:48):
I've been trying to get all this stuff in action,
but yeah, it's of course they'vebeen thinking about how they
can multiply the paperwork outthere to make it difficult.
Oh, which is yours no, and withthat I mean they've been pretty
successful.
If they can produce anything,they can produce paperwork out
of Washington.
Can't they successful?
If they can produce anything,they can produce paperwork out
of Washington, can't they?
It's bad, yeah.
(26:10):
Well, you know that's whatwe're talking about in terms of
the stable coin in Wyoming or,you know, adding gold to the
state treasury in southernstates and other places like
that.
People just understand theshaky situation that we're in
with the Federal Reserve and so,you see, you know Costco out
there saying, well, you know,we're going to offer gold or
whatever, or that reflects ageneral understanding of what is
(26:32):
the kind.
You know the value of gold andthe risk that we're in right now
.
This is another one.
This is an Idaho-based golddepository that's going to have
more gold in it than Fort Knoxwill be able to do.
It's called Money Metals.
It's opening up.
That's another example of youknow, we talk about bringing it
home and a lot, of, a lot ofthese large central banks and
(26:56):
other countries are bringing ithome.
They're bringing it home interms of gold.
They can't just divorcethemselves from the dollar all
at once, because it'd beabsolutely worthless if they did
that.
So they got to do it in acontrolled way, but they're
trying to bring home wealthinsurance into their country,
and that's what individuals aredoing.
You know you bring it home butyou don't necessarily want to
(27:16):
keep it at home.
This is a recognition of thatthat so many people are starting
to accumulate gold, thatthere's a market out there for a
very large, very expensiveinvestment.
Somebody's made 37,000 squarefoot vault for people to keep
gold in.
That tells you something aboutthe awareness of the importance
(27:38):
of having gold by individualsand some high net worth
individuals or some businessesor institutions, I guess yeah.
Speaker 2 (27:46):
Well, to be fair, your local pawn shop might have
more gold than Fort Knox.
I don't know.
Speaker 1 (27:51):
We haven't audited it , that's true, that's just kind
of a metaphor, I guess at thispoint I know it's an estimation-
Right.
Speaker 2 (28:01):
I send product to Money Metals all the time with
my customers who use thatdepository for their IRAs.
Money metals does a good job.
So this is the privateaccumulation of gold and I like
to see people doing that, anddepositories are the way to go
when you've got a large amount.
I mean, the super wealthy arenot going to keep that at home.
(28:22):
That's right.
You don't want to tell people Iown a lot of gold and it's at
my house.
Speaker 1 (28:26):
You might have a Venezuelan gang that shows up,
you know.
Speaker 2 (28:32):
That's right.
The home invasion, that's right, you don't?
You?
It's a, it's a good hedge, andif you listen to people like
robert kiyosaki, I mean, all ofhis gold is in depositories and
so, um, I, I, I support thoseand I use money, metals, for
sure yeah, yeah, and, and, butyou know their expansion.
Speaker 1 (28:46):
You know 37 000 square feet.
They're adding and, and theysaid they can expand it up to
60,000 square feet.
So they're very, they're verybullish on people being
bullion-ish.
I guess that certainly is thezeitgeist.
Everybody is picking up on whatthe risks are and everybody
(29:08):
kind of instinctively knows whatthe solution is.
Well, anything else you want totell us about what's going on
at Wise Wolf?
I know you're working on tryingto get the crypto stuff on the
side.
What else is happening there?
Speaker 2 (29:19):
Well, we're definitely working on that with
the Bitcoin.
We're working on a new masterwebsite just because it's the
confusion between the twolocations and working on some
new projects.
A lot of great stuff we'reannouncing soon.
Wolfpack is growing and thankyou for the plug at the
beginning of the show and youknow definitely a huge portion
(29:40):
of Wolfpack are David KnightShow listeners and we so
appreciate that.
Well, that's great.
We've got some amazing products.
I think it's such a great ideathat you're doing.
Speaker 1 (29:48):
You know nobody else does that.
That I know of, and I know it'sa lot of work and a lot of
overhead for you to do that.
But it also helps for people tobe able to take advantage of.
You know a group buy and thevalue of just being able to set
aside something on a regular youknow monthly basis and to
gradually start to accumulate.
That's the whole point of it.
(30:08):
You know it's not a get richquick thing.
You know gold is not a rollercoaster, which is what I like
about it.
You know it is a, but you knowthe race goes to the tortoise,
not to the hare, necessarilyright, right, and it should be
that way, I get too worried whenI see the prices of the stock
market going up and down and thecryptocurrency going up and
down.
You can get rich quick or youcan get poor quick, depending on
(30:31):
.
Sometimes you're forced to getoff the roller coaster, you know
, and you might have to get offthe roller coaster when it's
down.
Speaker 2 (30:41):
Well, if anybody that knows me and I've always been
honest, but I like crypto and Ido use Bitcoin and I like
Bitcoin and we're going to havemore to say about that very soon
but if you really press me andsay, tony, what are you going to
?
If you had, if you had, to turnsome fiat currency into
something, what would you do?
It would be gold and silver and, depending on if I, how fast I
needed to move or go somewhere,or how mobile I needed to be, it
(31:01):
would be either gold you knowthat would depend on what I
bought but at the end of the day, it's going to be precious
metals, because they exist inthe real world.
And you're right, a lot ofpeople in the crypto space
complain about gold, complainabout silver.
It really doesn't go up thatfast.
It's not parabolic.
Well, that's because it's money.
It's not supposed to.
(31:23):
It's not these otherspeculative assets, especially
when they're still figuringthemselves out.
What know?
What does it mean to ownBitcoin?
What does it mean for markets?
It's still in its infancy.
These are going to be swingingall over the place.
Wild Gold has been around sincefor all of recorded history.
We talk about this all the time.
(31:43):
You can go back 100 years.
It's basically the buys aboutthe same amount of land, crude
oil, food, uh, clothing than itdid.
You know, it's not.
It's just that the dollaramount changed because of free
floating fiat currency and notbeing tethered by it.
So, yeah, I, I like the factthat it is a more stable and I
would tell people I didn'texpect 2500 an ounce gold.
(32:06):
Yeah, I did not expect this,and it's not coming from the
average person wanting gold.
There is some of that.
It's it's coming from you needto watch this closely.
It's coming from centralbankers.
What do they know that youdon't?
Speaker 1 (32:20):
What are they planning that you don't know?
Yes, they're planning something.
Yeah, that really is true.
It's you know, when you look atit, it is.
I think of it, it as wealthinsurance and just trying to
preserve what you've got.
That's probably going to be themost important thing that we
can do coming up into theseturbulent times, and it's going
to be very turbulent times thenext four years, no question
(32:40):
about it.
Change is going to really beaccelerating, and it may not be
for the better, and so you needto have something that you can
fall back on.
Saving is always good, but youwant to make sure that you save
money and not the pieces ofpaper, and I would include that
with the paper gold that wetalked about so many times.
It's one of the reasons why, ora method that they can use to
(33:01):
manipulate the price of gold,and, of course, now they're
doing derivatives oncryptocurrency as well.
That's always the way that theycan manipulate these markets
with it, but the reality is isif you go back and you look at
the price of things in gold,that really tells you how it is
a store of wealth and how it issolid versus the price of gold
(33:21):
in dollars, that's.
That doesn't really tell youanything at all.
So that's always great talkingto you, tony, and thank you so
much for supporting the program.
It really is important to us.
I appreciate that.
Appreciate you, sir.
Thank you and again, uh,davidknightgold, take you to
Tony at wisewolfgold and checkout Wolfpack, the common man.
(33:51):
They created common core todumb down our children.
They created common past totrack and control us, their
commons project to make sure thecommoners own nothing, and the
communist future.
They see the common man assimple, unsophisticated,
(34:11):
ordinary.
But each of us has worth anddignity, created in the image of
God.
That is what we have in common.
That is what they want to takeaway.
Their most powerful weapons areisolation, deception,
intimidation.
They desire to know everythingabout us, while they hide
(34:32):
everything from us.
It's time to turn that aroundand expose what they want to
hide.
Please share the informationand links you'll find at
thedavidknightshowcom.
Thank you for listening.
Thank you for sharing.
Thank you for listening.
Thank you for sharing.
If you can't support usfinancially, please keep us in
(34:55):
your prayers.
Thank you.
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