Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Joining us now is
Tony Arderman.
Thank you for joining us, Tony.
Speaker 2 (00:08):
Oh, thanks for having
me back, David.
I was enjoying the show.
No worries at all on the delay.
Sorry about that.
Speaker 1 (00:14):
You know what I mean.
They're now openly talkingabout this.
We've got a guy who is on theFederal Reserve Board in New
York saying I think we'reprobably going to have 500 banks
fail this year.
You've got the FDIC saying Ithink it'll be at least $5.52.
But then they assuageeverybody's fears and say don't
worry, it's not going to be thebig banks, it's going to be the
small and medium-sized banks.
Speaker 2 (00:34):
Well, that's right.
I mean, it's the small andmedium-sized banks.
We saw that really spill overfrom FTX and, of course, they
were able to plug that leak.
Janet Yellet stepped in, and,of course, the Federal Reserve,
and then, when she was asked byCongress if she would step in
and save all banks if all bankswere had the ability to be saved
(00:55):
by the Federal Reserve or theTreasury, she said no and she
wasn't going to leave that onthe table.
So I think that's what you'reseeing.
And small and medium-sizedregional banks those are going
to be in the chopping blockfirst for the consolidation.
The bigger banks are going towant to buy up those assets.
We saw that in 2008 with TARPfunds in 2009, and so on and so
(01:16):
forth.
So I think what we're seeing,David, is really the games.
The chessboard is being set upto bring in these bank failures
and the bigger banks are goingto be poised to buy up all of
them.
And that's really really.
We've been talking about thisfor a couple of years Now.
That's the backbone of thecentral bank digital currency.
Speaker 1 (01:34):
Yeah, yeah, when you
go back and you look at what
kicked all this stuff off.
Everybody talked about theremoval of Glass Stiegel so
banks could get into speculativethings, and they create all
these derivatives and the realestate derivatives and the
mergers that happen to createthe really big banks, and so all
this stuff happened.
But it was really the mergersthat really kicked all this
(01:56):
stuff off, and both the repealof the Glass Stiegel Act and the
mergers happened with BillClinton and it only took about
10 years for all this stuff toblow up.
But then the aftermath of thatwe saw for several years.
I remember Matt Drudge when hewas doing conservative news.
He would talk about how manybanks had failed every year, and
(02:17):
it would be between 150 to 200banks failing every year for
several years in a row.
After they had bailed out thebig banks, they let these other
banks twist in the wind and fail.
And now we're seeing here, now,another decade later, they're
getting ready to rinse andrepeat.
And as they're talking about it,this guy who has, first of all,
he's on the Federal ReserveBoard of New York, but he's also
(02:39):
got a large commercial realestate organization there and he
says I don't think this isgoing to be a systemic problem
for real estate, he said, and hesays and for the large,
systemically important, too bigto fail banks.
So they're going to protectthese guys, he says.
However, for the regional banksaround the country, they have a
(03:02):
significant allocation of theirloans to commercial real estate
, A lot of it to multifamilydevelopers that are going to go
have loans that are upside down,and, of course, this is what
we've been talking about forquite some time and now it's
coming to fruition.
They're saying these banks aregoing to fail and they're just
fine with that because it fitstheir long term plan.
Again, this is 30 years nowthey've been working on creating
(03:25):
just a handful of banks andthen they're going to be their
partners to centralize thecentral bank.
Digital currency, I think.
Speaker 2 (03:33):
Well, let's not
forget, glass-steagall was a
remnant of the 1930s.
That was a bill passed in the1930s after the Great Depression
or during the height of theGreat Depression.
You have massive bank failuresand a lot of these regulations
were used to keep from theseother banks, from consolidating
and buying them up and thenmaking the problem worse, and
that's what was in the 1990s.
(03:54):
That was the repeal ofGlass-Steagall.
And so you had what ran up tothe dot-com bust, and we just
see more and more consolidation.
And let's not forget, too,these regional banks, smaller
banks, are the ones that lend.
Those are the banks that lendto real people, which are the
backbone of the US economy.
Small business, all of that,the non-essentials out there,
(04:16):
those of us who werenon-essential during the
lockdowns, and so that's whothey're going after.
They're going to all the stresstests and all the mistakes that
have been made by the centralbank and the debt, david, I just
read earlier today the US debtincreases $1 trillion now every
90 days.
So all of that, the fiscalirresponsibility, the financial
(04:42):
cancer that they've unleashed onnot only the United States but
the West in general, the entireworld, and that's all going to
fall on the back of these smalland regional banks, because all
of the economic blowback, allthe consequences of this
unlimited money printing andeverything they've done for the
last many years, and especiallythe last four years, that's
(05:04):
who's going to feel the painfirst.
So I think what you're watchingreally is a plan to put to dump
it in the laps of those whohave the most leverage or the
most exposed.
Look at the cash positions ofthese banks.
Remember, after TARP and thiswas unprecedented Ben Bernanke
came out and that was 2011.
(05:25):
If you look at the price forprecious metals, you can go back
and see that the gold wasreaching 2000 back in 2011.
It was really close.
It was a high 19 hundreds andthen silver hit $50.
Ben Bernanke came in and calmedeverybody down and said you
don't have to go into preciousmetals.
(05:46):
The Federal Reserve bailed outthese banks.
It's unprecedented.
We won't do that again.
Well, what was the debt of theUS in 2010?
It was $10 trillion, right.
So now we're at 30, 35 trillionand climbing again.
Every 90 days, the USgovernment adds one trillion to
(06:08):
the debt balance.
So this is all unsustainable.
I think they're just.
I think they're just clearingthe path for more consolidation
by the multinationals, and thisis ESG right.
This is those who are close tothe central banking hub, the
multinationals, the consortiums,and that that is what's going
to be.
You know, again, that's theprotected class, but the bank
(06:28):
balances of those who were, whotook part in the bailouts in
2008 and 2009,.
They just hoarded cash.
They didn't lend that money out.
That's right.
Speaker 1 (06:38):
That's right, and
they were able to.
They said oh, we paid it allback.
You paid it back with a zerointerest, you know?
I mean, it's like you held itfor a while, you made a lot of
money off of it and then yougave some of it back.
You didn't have to pay anyinterest on it at all.
Yeah, but what you're talkingabout, these small and
medium-sized banks, as youmentioned, they're the ones that
are lending the individuals andsmall businesses the money.
(07:01):
And that's the real concern here, because what they're going to
do is they're going to freeze upthe financial machinery.
And that's one of the reasonswhy nicely is looking at this
and saying you know what, ifanything, can we do about this
at the state level?
Looked at what happened inNorth Dakota and keeping those
small and medium-sized banksalive during the Great
Depression and things like that.
So that's why they're lookingat things and saying, even at
(07:22):
the state level you know, we gotto get into gold because we
don't want to be completelydependent on the fiat currency
coming out of Washington.
So the state needs to have somegold so the state can keep
machinery going.
They need to be able tobackstop some of these banks and
we got to be able to keep thisflowing.
But these people are looking atthrowing one monkey wrench in
(07:43):
the machinery after the other toshut everything down, to lock
everything up.
That's really what's what isand what they're trying to do, I
believe.
Speaker 2 (07:52):
Well, you played that
clip earlier of a man on the
street and asking people aboutcentral bank digital currency
and those who even had some clueof it.
Well, I'll vote.
You know, I'll vote my way outof it.
I'll vote against it.
That's not how you stand up tocentral bank digital currency,
because it is a fata complete.
They're going to bring it intoexistence.
The question is, do you haveanother system outside of it?
(08:13):
That's right, but that's whyit's so important.
These state and regional bankslooking into bullion houses and
how to you know, set up gold andsilver as legal tender.
You know, through thelegislation.
This is imperative.
We have to do that.
The parallel system is the wayto stand up to central bank
digital currency, becausethey're not going to be given a
(08:35):
choice.
This isn't going to be on aballot.
Remember, jared Kushner is theone pushing central bank digital
currency.
You think Jared Kushner is nolonger part of the Trump, going
to not be a part of the Trumpadministration.
If he's selected, they're goingto have this.
And Biden I mean Biden'spushing the central bank digital
.
These are the same masters.
And central bank digitalcurrency is just the future.
(08:57):
You have to look to the futureand what we have to do is plan
around it, and that's theparallel system.
The state banks things outsideof the systems we talk about
every week.
Speaker 1 (09:07):
And of course, you
know it'd be great if we have
states that are going to do that.
But again, that may not happenat the state level.
But you can still prepare atthe individual level.
That's why I mentioned it.
What is China doing?
Well, they're getting gold.
You know what do we have theforward-looking people at state
government looking at Well,let's get some gold for our
state organization.
Well, as an individual, youneed to start looking ahead at
(09:29):
how you're going to prepare foryourself, because it may not
happen at the state level, itmay not happen at the state that
you live in either.
So you know, but you can stillprepare as an individual for
this stuff.
Speaker 2 (09:41):
Well, the Chinese
people certainly are.
People in India are a massivegold reserves being sent to
India.
China is keeping its gold, nota net exporter, and, like I said
, I think a couple of weeks agowe talked about China 60,000
gold mines, so they're rampingup their gold and I think it's
(10:01):
something interesting going onin the global economy and, david
, it's crazy, we talked aboutgold and Bitcoin hitting their
all-time high together last week.
Bitcoin just surpassed silverin market cap yesterday, so it
actually surpassed it surpassedsilver in market cap, I think
1.4 trillion.
Speaker 1 (10:25):
So a lot of people
are going to look at this and
say, well, I need to get intoBitcoin.
It's like, well, silver's onsale right now.
It's on absolute sale.
Speaker 2 (10:31):
So the headline on
KITCO is silver surpassed by
Bitcoin in market cap.
But the gray metal has begunits longaway to move and there's
a lot of things going on,because it's not just one thing.
You're talking about a completerevaluation of currency and, as
the dollar loses the world'sreserve currency status, and you
(10:51):
see all these reports comingout inflation's worse than they
thought.
They try to paper over this asbest they can, but the world is
moving away from the dollar.
So there's just this shrinkingdemand, which is shrinking value
.
Again, it's psychological, butpeople around the world are
starting to dump dollars andthey're going into other areas.
But the dollar represents ourmarkets.
(11:12):
It represents the stockexchange.
All that fake and all that tiedto that's political, everything
around Wall Street, and so thedollar itself, king Dollar,
represents that and people aremoving away.
The Bitcoin ETFs, david, and I'mnot a fan of the ETFs, I'm not
pushing for that.
When you got Larry Fink fromBlackRock praising Bitcoin, I
(11:34):
start questioning my own sanityor where my loyalties lie.
But again they're pushing that.
$1 billion in inflows yesterday, yesterday, $1 billion inflows
in the ETFs and the Bitcoin Allthat money moving in there.
Why is that?
That's because the dollar islosing purchasing power, and
(11:56):
that reflects all of theuncertainty in every market.
So this is a completerevaluation of things.
So when you say, well, is itgoing to be gold, is it going to
be Bitcoin, is it silver?
My answer is yes, it's allthose things People are looking
for, something that's not goingto be unlimited.
There's some checks to it,there's going to be some way to
(12:17):
hedge against the loss ofpurchasing power and the loss of
not only that, but the loss ofvalue in these markets that are
so tied to it.
And yeah, they're going to cutrates.
We know that.
They're going to do QE.
They're signaling that, and thereason gold is moving and
Bitcoin is moving is becausethey're talking about cutting
interest rates on top of highinflation data.
(12:38):
So these two things can't gotogether.
Speaker 1 (12:41):
Yeah, well, they're
political, so they have to do it
.
It doesn't really matter.
I mean, they can manipulate theinflation stuff as much as they
want and even after theymanipulate the inflation rate
and bump it down so dramatically, it's still twice what their
target rate is, but they'regoing to raise rates anyway, but
it's still much higher thanwhat they're saying it is.
(13:01):
But when you look at this,powell is saying the same kind
of stuff.
He says, yeah, there's going tobe a lot of disruption and
there's going to be a lot offailures, but don't worry, it's
just the small banks andregional banks and so it's
manageable is what he said.
And we don't have to worryabout the big banks, because
that's all they're worried about.
But when you look at and I thinkthe trigger for this, and I
(13:22):
think this is what A lot ofperiod pull are seeing, which is
why they're moving into Bitcoinand ETF or anything that is
away from the dollar they seethis whole thing as just
freezing up and we've got to getsomething that is outside of
this.
We just had, on Monday, on the11th, this program that they had
(13:43):
put together to help some ofthese banks that were in trouble
.
They just brought it to anabrupt end and so, interestingly
enough, on the fourthanniversary of the World Health
Organization declaring a globalpandemic when there wasn't one,
these people are pulling out therug from these banks have been
relying on.
It's one of the reasons whythey know it's going to be 500
(14:03):
banks failing because they'reending that program.
They're not worried about it,but it's going to create massive
unrest.
As you point out, people arelooking for any kind of a haven
outside of the dollar.
Speaker 2 (14:16):
Well, I looked at
some of that intel and we
discussed last week there mightbe an issue on the 11th because
that program was ending.
And I woke up early on the 11thand I wired out every single
invoice that I needed to payEverybody who'd paid me.
I got to the trading floor, Igot it off my balance sheets by
9 am.
I wasn't taking any.
(14:36):
I'm not going to be leftholding the bag, especially for
my customers.
I've sent everything out to thetrading floor, paid every
single invoice and got it tozero because we don't know,
these are very uncertain timesand so building something
outside of the system absolutelyimperative.
Of course, they're going toblame this on every day the
(14:59):
small business, the regionalbanks and they're going to say
well, we need more regulation.
The more regulation is just.
We need to help these biggerbanks.
They're your friend.
They're not lending to peopleand that's the thing.
The way to control is more andmore consolidation.
They're going to continue toback these big banks and leave
these smaller and regional banksout to dry.
Speaker 1 (15:19):
Yes, absolutely.
As a matter of fact, there wasone article I saw where they
were talking about Javier Malaiin Argentina.
He said, okay, he's tying itall to the dollar, he had said
when he was running.
He said, yeah, I understand theproblem with the American
Central Bank, the FederalReserve, but he said our central
bank is even worse and this isjust a pivot move, temporary
(15:43):
move or something like that.
But they said so what iseverybody else going to do?
What are Americans going to dowhen there's no other currency
that we can go to to prop it up?
That's a bigger thing.
He said that's why everybody'smoving into the ETF, bitcoin
ETFs and Bitcoin and gold andsilver and things like that,
because everybody is gettingvery afraid of this system that
(16:06):
is teetering on collapse and isimminent and according to the
people who are running thesystem and pulling the levers.
But you know, it's alsointeresting, I think, to see how
all of this is focusing peopletowards the CBDC and New South
Wales, where we had GladysBergiclian, one of the worst of
(16:29):
the COVID tyrants, her party, toremind everybody, her party
present itself as a libertarianparty.
They call them liberals, but weuse the term libertarian here
because the liberals stole thatword, but they were the liberal
party, so they were supposed tobe about individual liberty, and
they were the ones who weresome of the worst tyrants.
Now they're pushing toconsolidate payments, even more
(16:50):
so in New South Wales into acentral currency, and in Nigeria
, where they've been strugglingto impose the CBDC thing as one
of the first countries.
You and I have talked aboutthat many times.
They're now really leaning onBinance and they're saying you
got to give us all theinformation on your top 100
customers and we want you toturn over all the transactions
(17:11):
from the last six months.
What do you think is going tohappen with this army of IRS
agents that Biden and theRepublicans want to send against
us in the next couple of years?
Speaker 2 (17:22):
Well, they're
building an army for a war.
That's right.
I mean, it's a war on theAmerican people.
It's a war on people all aroundthe world.
From their governments, theywant to control all financial
transactions.
They don't look at what BlackRock's doing or these
multinationals or any of theseWall Street criminals.
Don't look at what they'redoing.
We don't follow the money there, we only follow your $600 Venmo
(17:43):
transactions.
That's what that army of IRS.
The income tax was never aboutfair share or anything.
It was built by the wealthy.
I don't know.
When you know history, it'slike living in the twilight zone
.
You realize, as a progressive,that the world's richest people,
they made their foundations andthey exempted themselves and
they gave you the 16th Amendment, which is the income tax.
(18:04):
It's a way for the rich, themost powerful, to control you.
They use and it's funny the sameway they built these platforms
for speech.
David, you've been kicked offYouTube.
I've been kicked off YouTube,but it used to be websites or
Facebook.
You go and same thing Facebook,twitter, all that Used to be
(18:25):
websites and they draw you intothese things and it's all free
and it looks like it's workingreally well and you're
connecting All of a sudden.
No, you're curated.
Like Tim Cook says, we're acurator system for podcasts.
They curate.
They're doing the same thingwith crypto.
In a lot of ways, I love thecrypto space, but when it
(18:47):
becomes more mainstream, whenthese websites start bowing down
and we're going to be regulatedand we don't look at the SEC
and whatever regulatory agencyand they're not standing up for
freedom because a token systemis just meant to be peer to peer
.
It has nothing to do with thegovernment Well, that's what
(19:08):
they're being built to bring youin there and then they're going
to bring the hammer down if youdon't comply.
Not everything in crypto isequal.
Not everything is built on thesame system or the same
philosophy of the cypherpunksand the cryptography that was
built to make things likeBitcoin.
So, again, it's not all thesame ecosystem, but they're
(19:31):
going to use that.
And I think the same thing withFTX and all that.
It was a test balloon to seehow people would react.
They shut down the SilvergateBank.
There was nothing wrong with it.
We talked about that.
There was nothing wrong with it.
I used to wire Silvergate formy Bitcoin.
Speaker 1 (19:48):
And they were
completely solvent.
Speaker 3 (19:49):
And they made it
worse than that.
They were completely solvent.
Speaker 2 (19:51):
There was nothing
wrong with it, but they touched
something that, if you look atit, the same SandBankman fried
stuff.
I mean, this looks so much likea setup like how did that guy
ever have the amount of fundsthat he supposedly have, you
know, in all funnels back toUkraine and all these things,
but they used that.
I think that's the same thingwith some of these larger crypto
(20:12):
exchanges and something.
When they have political ties,again people get involved with
it it crashes.
This is a problem In the cryptospace right now.
There's mean coins that aregoing up.
I mean, they have Joe Bowdenthe coin.
They have Trump coin is up 400percent or some crazy thing,
which is a mean coin.
(20:33):
They have a coin based onElizabeth Warren that I won't
say what the name of it is onair, but they have.
They have a whole bunch ofthese things and they're just.
They're not.
They don't mean anything,they're just.
But people are excited becauseof the Bitcoin ETFs.
It appears, if you watch thefinancial networks, that
everything's great and there'slots of liquidity.
(20:53):
But watch out when they pullthe plug, who gets blamed.
You know, if there's a, ifthere's a, especially if is
Bitcoin's driving up, and I'm abeliever in Bitcoin.
But if Bitcoin keeps driving up, if people get hurt, if there
is a collapse in some way, andall this inflow and outside you
know these are retirement fundsIf this is a collapse of the
total crypto ecosystem, which itcould be in the even in the
(21:18):
short run, well, there's goingto be a blame, and the blame
will be on crypto.
And how do we fix that?
How do we fix all your moneyproblems?
Well, we give you a centralbank, digital currency.
We need the, we need the adultsin charge.
You know.
We need somebody with aregulatory mind to come in and
and and fix all this and we'llmake up for it.
That's what I'm afraid of.
Whether it's a banking crisisor a crypto crisis, or or
(21:43):
economically, they'll fuse ittogether and use it.
Speaker 1 (21:46):
They've trained
people with that.
You know it's like.
Remember when the the woofoohit us and how we helped you out
with the stimulus checks.
That's just what this is now,except it's going to be a little
bit easier for us to get youthis money.
We can do it faster with a CBDCand all that.
So just take the number.
They got everybody accustomedto all of that stuff.
When we look at, like you said,bitcoin can crash, regardless of
(22:11):
whether or not that's real.
Look at the dot-com bust.
All of that stuff was theinternet was a real thing, just
as we see now, also with AI.
We've got AI.
We've got Bitcoin.
Those are things that peopleare going to be able to leverage
.
Bitcoin is going to be thereand people can make a lot of
(22:32):
money from AI.
Whatever, the bottom line isthat that was all there with
dot-com.
You knew that the internet wascoming, that it was going to be
big, but it got out ahead ofitself, turned into a bubble,
and they used that to get peopleafraid of it and to all jump
out of the market at the sametime.
(22:52):
Well, that's what I'm afraid of.
Speaker 2 (22:54):
Yeah, exactly, I'm
afraid, because it brings in
regulation.
It allows those who haveinnovated and put their lives
and fortunes on the line tobring something to market, who
truly believed in something.
They're going to be vulnerableand they're going to be
vulnerable to be bought up.
That's what happened with thedot-com revolution and the
internet.
Again, it got consolidated intowhat we see now, which is a
(23:16):
hellscape, a dystopia, thatwhere slowly the gears turning
down, speech throttling, anybodythat can be seen that wants to
just have their own opinion.
Again, curating, like Tim Cooksays.
That's the same thing.
I'm a firm believer in thecrypto space.
I've been in it since 2016.
I'm also a golden silver guy.
(23:37):
I believe I'm precious metalsfirst, but I think in technology
and where we're headed if youwanted to have any innovation at
all, the energy is in crypto.
It's the future.
It's the future if there's aquestion mark hanging over all
of this.
That's why I'm not a pessimistper se, but I am skeptical.
(23:59):
When there's so much going onand things that don't make sense
, I call attention to it.
I don't want to just be anoutright cheerleader and say all
of it's good.
There's that phrase in thecrypto space.
It's just number go up, numbergo up and that's what people
look to.
I'm not sure that's really thepurpose of it is not really
(24:19):
number go up.
The purpose of it is to buildsomething outside of the corrupt
fiat system.
That was the goal from thebeginning.
It's the same thing that goldbugs have always talked about,
or silver bugs.
We don't want to be part ofthis.
If Richard Nixon hadn't takenus off the gold standard in 1971
, would there be a Bitcoin?
Would that really be a thing?
I wouldn't have a business.
(24:40):
What would gold be?
We'd do $35 an ounce and we'dhave a completely different
looking country.
We have a different world.
It's a thought experiment.
I'd love to see what it wouldlook like, just for curiosity's
sake, but none of these thingswould exist if we had any
semblance of real money and wedo not, I agree.
Speaker 1 (25:03):
I talked to Aaron Day
about his.
He ran briefly for president sohe could try to bring attention
to the CBDC issue.
He says get into gold andsilver and Bitcoin and other
things like that.
He said with Bitcoin, he wasearly adopter of it.
He said we turned that cornerat one point.
It was all set up to be whatyou were just talking about an
(25:26):
alternative system, analternative payment system.
Then he said it turned into aspeculative asset.
The big banks and other peoplelike that had a big part to play
in that.
Now they're doing that onsteroids.
When you look at the CTF thing,that's turning it into a
speculative asset on steroids.
I don't know what happens withit in terms of some kind of an
(25:50):
alternative currency Goingforward with all this.
Looking at the debt, there's anarticle this week this was from
Reason Magazine.
The White House says they'regoing to borrow $16 trillion
over the next decade.
Isn't that ridiculous?
I just want to point outthey're going up every 90 days
by a trillion dollars You'retalking about over the next
(26:12):
decade.
Are you serious?
That is going to be way, waymore than that.
It's going to explode andimplode long before that happens
.
They really don't care.
Just take a look at the IRS andthe fact that they're going up
a trillion dollars in theMelanti Coupe that costs over a
(26:34):
billion dollars for only onetrillion dollars.
Include an account of what thelength of the following figures
have an account of.
You saw off the rungs of theladder that you can't climb up.
(26:56):
That's the curse of 1913.
Speaker 2 (26:59):
You had to put the
16th Amendment in place, which
is the income tax, completelyoutside of our heritage, our
constitution, the intent of ourfounding fathers, I mean, and
it's ridiculous, it doesn't makesense.
The income tax is there just topunish you, it's just to make
sure that you cannot competewith the world's richest people
(27:20):
who really run everything.
You look at Paul Warburg, whothey base, the character Daddy
Warbucks off in LittleOrphananny.
If you watch the movie or watchthe play, he calls up Franklin
Roosevelt and tells him what todo.
People back in that time frame,they really knew things, didn't
they?
They really understood whothese people were.
(27:42):
The Warburg, his brother, maxWarburg, was the head of the
Central Bank in Germany.
At the same time we're supposedto be mortal enemies in World
War I.
They put these things in place,things like being income tax.
Speaker 1 (27:55):
Max gave Vladimir
Lenin $10 million in gold and
put them on a steel train tostart the Russian Revolution.
Speaker 2 (28:01):
Yeah, that's exactly
right.
Same thing in this country.
We had Leon Trotsky, who was anewspaper reporter in New York
and they loaded him down withgold.
Woodrow Wilson, as a matter offact, pushed his passport make
sure he got out of Canada.
He was able to get through andget on to Russia to start the
revolution.
This is because he had a bankerhandler, a Colonel, mandel
House, who lived with him in theWhite House, kind of like Harry
(28:24):
Hopkins did with FranklinRoosevelt.
Yeah, so no, they built these.
This is a system built by theworld's most powerful, richest
people to make sure that you'rea dead slave.
The 16th Amendment was there tomake sure that you never are
able to compete with them Again.
Who has reached the pinnaclesof anybody like a Warburg in
(28:46):
this country?
I can't think of anybody that's.
You know these.
Who's our JP Morgan?
It's not Elon Musk.
You know who is it.
You know we haven't reached,there's been nobody to reach
these heights of wealth andpower, and like they did in that
timeframe, those who met atJekyll Island, the Rockefellers.
Who's our Rockefeller?
Nobody.
(29:06):
They always have these puppetslike Bill Gates and Elon Musk
and others.
Nobody reaches these types ofthe types of wealth.
And because that's what thisincome tax was designed to do.
It's just slow you down, grindyou down.
You can't, you can't.
You know the regulation.
Who understands it?
Yeah, you know what's taxable,what's not.
They don't even they'll admitthey don't understand it, so
(29:28):
we're all you know.
It's one of the reasons I havemy one of my sponsors in my show
is Legal Shield.
I've been with them for 20 plusyears.
They've got audit protectionbuilt into their membership.
You get audited and you got alaw firm on your side.
But again, not.
This is coming with 87,000 andthe Republicans slow that down.
And I forgot.
(29:49):
I know they're busy banningTikTok.
That's right, which you can ban, tiktok, but not that right.
Speaker 1 (29:55):
That's right In and
of itself.
I mean, that's a very dangerousthing, you know we've had this
is a new thing for Congress toessentially go out and ban some
application or website orbusiness or whatever, over and
above the free speech issuesthat are there.
But so what is on your purviewin terms of?
You know, last week we weretalking about record highs and
(30:18):
we're still seeing some recordhighs, I guess.
For for a Bitcoin, things keptpushing up with.
Speaker 2 (30:23):
Gold got close to
2,200, didn't it, before it fell
back it did and I think wemight see a dip and some sell
off in both metals.
You know in the short run, butin the long run that's what
we're moving to a revaluation ofcommodities.
The BRICS nations they'repushing for new, the new pricing
and commodities because theyget that there's suppression in
(30:45):
the precious metals marketsbecause of the dollars been at
war with gold Since we went offthe gold standard in 1971, I
mean, it's a natural enemy.
Gold was up 2,000% in theseventies, not because it went
up in value, but because thedollar lost purchasing power.
Again, when you reach the endof a currency and I'm not sure
we've ever seen anything quitelike what we're watching right
(31:07):
now we talk about, you know,every 90 days the debt going up
a trillion dollars it reminds meof something that the
speechwriter for Nixon, herbertStein they call it Herbert
Stein's law he said whensomething cannot go on forever,
it will stop.
Well, this will go.
This will stop because itcannot go on forever.
So I think we're going to seemore and more.
And again, when I go to theBitcoin ETF and I listen to a
(31:29):
lot of podcasts and those are inthe crypto space that are
really excited, I don't want torain on your parade because I'm
early adoption of Bitcoin for mein my life.
I've been a fan.
I just have a problem.
When Larry Fink of BlackRockcomes out, there's only one or
two possibilities.
Either he's giving it itsblessing to kill it and he wants
you to just take this thinglike because that's where our
(31:50):
mind naturally goes with thesetype of people.
It's like are you, is it apoison pill?
We want to wreck the wholething so we can replace it with
something else, kind of acreative destruction.
Like we bless it, it blows upand now we give you the central
bank digital currency becausethose who control the money
supply, like Mayor AmselRothschild said, I care not who
(32:11):
sits on the British stone, theperson who controls the British
empire is the person whocontrols the British money
supply.
I control the British moneysupply.
That was in the 19th century.
So you wonder, you know, withthe BlackRock's ties to the Fed
because of Trump, this was, Imean.
The reality is these big bankshave ties to the Federal Reserve
and help manage it and all theintricacies of it.
(32:32):
So you wonder why would they befor something that's outside of
that?
I have questions.
They're either the possibilityis trying to blow it up or he's
a true believer.
I don't know.
I'm just color me skeptical.
I'm going to be skeptical onthat forever and so I'm never
going to truly believe thatthese people have seen the light
and they believe in sound moneyor even just having a finite
(32:55):
based commodity system forpayments.
I don't really buy it becausethey're born out of fiat.
Everything that goes, that'screated, these new markets and
these mega banks, david, is allfiat fake currency.
That's why they're.
If you look at theconsolidation by the wealthy
since the 1970s, it's massive inthe working class in this
(33:15):
country and the middle class isshrinking and declining in
wealth.
There's something inherentlywrong with so.
I'm watching that very closely.
I'm also seeing things like wetalked about the market cap of
silver being surpassed byBitcoin.
I'm not concerned about that atall because when you see more
and more of the outflows andthings coming from people just
(33:38):
around the world getting out oftheir own currencies and getting
into commodities and gettinginto things like gold and silver
, there's a place at the tablefor all commodities, silver land
.
In this whole era that we're inor you could call it an era,
like you usually do it's an era.
All of this is fiat and it'sfake and it's coming to an end.
It's not going to be tomorrow,but I think you're going to see
(34:00):
more and more consolidation inthe commodities market.
I'm just preparing on my side ofthe business is just to have
supply.
That's one of the reasons Ihave two locations.
I needed a supply chain.
What's going to happen to mymembership program when I could
call, like the first quarter of2020, after March, if you called
and locked in silver with me,it was six weeks out.
(34:22):
People couldn't believe it.
I'm like well, I can't helpthat.
That's just all the resourcesthat I have.
Everywhere in wholesalers, itwould be four to six weeks out
for most products.
Luckily, we're not in that timeframe anymore and you can still
get supply.
It's not as great as it wasbefore.
All of this happened before2019 or so, but that's the key
(34:43):
is going to be supply.
I know that the metal dealersthat I respect that are in this
business.
That's their number onepriorities to make sure people
have supply.
So I've asked that question whathappens to my Wolfpack members
when I have delays?
Well, I'll even be able tocontinue that program.
I hope so.
We're working on that right now, because I do see it just takes
(35:04):
a little push.
We're just right on the edge ofsomething really historic, and
some of it could be good, someof it could be bad.
We're watching the bankingissues.
I tell you that story.
I woke up early in the morningon the 11th.
I had my wire set on both banksand I emptied both bank
accounts.
I think there was going to be abanking crisis.
(35:26):
I just have a question.
It's not that I know.
I just have a question and I'mnot going to be hopefully not
caught flat-footed, because Ihave responsibilities to people
who are my customers or myclients.
So that's what I'm lookingtowards right now, dave.
It's just having supply.
Speaker 1 (35:45):
I, like your, you've
got a lot of experience.
You've got a lot of insightinto all this, as people can
hear and when we go back and welook at it, as everybody says,
history doesn't repeat, but itrhymes, of course, right, and it
just seems to me like we sawthis massive wealth destruction
with real estate that so many ofthe middle class had in terms
of wealth destruction because ofthis pump and dump that they
(36:09):
did in the mid-2000s, and alarge component of that that
allowed them to do it was thisderivative instrument that they
created.
And so I look at this and I'veseen, for the longest time,
people saying well, you know theyounger generations, they find
it difficult to get into realestate and housing and get the
capital to get started, in thatA lot of them are building
(36:30):
wealth on crypto, especiallyBitcoin.
Oh, okay, so we're going to doa derivative on Bitcoin.
I don't know if that's whatthat's about or not, but I look
at it as like, or so they'regoing to try to.
Is this a big rope-a-dope thingto destroy people's wealth by
bringing in this derivativestuff?
Because that just allows themto manipulate things through an
(36:53):
amazing degree, as you and Ihave talked about for the
longest time, the ETFs for goldand silver, allowing them to
manipulate prices for that.
Bringing in this massive rushinto Bitcoin with these ETFs,
that really just I don't know.
My spidey senses are tingling,mine too, yeah, yeah.
Speaker 2 (37:13):
And I think you feed
the old system by doing it.
I mean, you go look atsomething our buckminster fuller
talked about.
He said don't fight the oldsystem, you just give it energy,
just go build the new one.
You know, and that's a lot ofthe innovators and the futurists
and people that want to createa better tomorrow.
That's the people that havefollowed our buckminster fuller.
You know we'll have to talkabout him sometime.
(37:36):
He's an interesting figure.
You know, he had to.
He created the bucky, the buckyball.
You know the, the, the geodesicdome and all that.
He's a genius.
But he talked a lot aboutfinances and he wrote a book
right before he passed away inthe 80s called Grunch of Giants,
and it was the gross universalcash heist and he talked about
(37:56):
how the richest people werestealing the wealth through the
money supply.
Right, this was this guy's agenius and you know, just
talking about concepts to tryand explain it to to the
everyday person, because youcan't see it.
You can't see your slavery.
It's built by these same people.
So when you're absolutely right, my spidey sense is when you
know history and you have someof these same people saying,
(38:18):
well, the Bitcoin is great,we're going to make an ETF out
of it and I say, well, that'sinteresting, this should be your
like.
Why would you feed it and I?
So I have questions and youknow, again, not always right
with our pessimism, but it issomething to be cautious about
and I would be absolutely cutbecause this really tracks back
to something that could be acontrolled demolition.
(38:39):
We know that they like tocontrol the demolish things,
don't they, david?
Yeah, that's.
Speaker 1 (38:43):
That's what it looks
like.
They are all meant to doeverything in our society.
It's always great talking toyou, tony, and, as you're
pointing out, you know, in termsof supply, that is going to
really, I think you're right,it's going to be the key thing.
It's good that you are on topof that.
Any specials or anything?
I bet you want to talk about it.
My name is Judith Auf.
Speaker 2 (39:01):
Well, we got the 1776
promo over on Wolfpackgold.
But go to DavidNightgold andclick the link so you can
support David through there.
We always support David throughWiseWolf and Wolfpack and 1776
promo for Free Silver.
I've got some announcementshere in the next couple of weeks
.
We've got some great stuffgoing on at Wolfpack and some
(39:25):
new specials.
We added a new tier.
It's called ZenWolf.
I don't think I've announcedthat over here.
Zenwolf is the highest level.
I'm not making any more wolvesthat we reached.
I thought SageWolf would be thelast tier, which was a thousand
a month, and people startedbuying multiple sages.
I'm like, well, okay, well,I'll go to another tier up.
(39:47):
What we do is we have ZenWolf.
It's treated a little bitdifferently Sometimes.
If people can select we've madeit to where they can select all
gold, all silver.
We have to create these otherinvoices in bulk.
But ZenWolf is interesting.
If you're looking at dollarcost average over the next two
or three months or six months,you should check out ZenWolf
(40:09):
because you can go all the wayup to 5,000.
It doesn't mean you have tomake it automatic.
You can do one-time purchases.
But if you just want to have mego buy it for you, then that's
one way to do it.
We're just trying to make iteasier for people over on
Wolfpack.
You can do direct purchases allthe way down to even if you
want to buy somebody a gift andbuy them a WolfCup at 35, you
(40:30):
can do one time you want to do amembership.
Speaker 1 (40:31):
That's great.
That's great.
I like the original thinkingand you're doing everything that
you can to try to helpcustomers.
Make sure you got supply, makesure that you got a lot of
different programs to feeddifferent levels.
That's something I've alwaysliked about what you do with
Wolfpack.
It's always great to have youon, Tony, Thank you so much for
coming on.
And again, people can get toWiseWolf Gold by going to
(40:53):
DavidNightgold and let Tony knowthat I sent you.
Speaker 2 (40:57):
So thank you so much.
I would say too Thank you,david, and my show will be live.
We're going to be live on theRockfin channel on America,
unplugged on that channel hereat 11 am central time.
So here in like 41 minuteswe'll be live.
And freeworldfm so come checkout the show.
I had a lot of your listenerscome over last time, so we'll be
(41:18):
talking about this topics andmore.
Speaker 1 (41:20):
Come see us.
Good match, Good match.
So again you can check outTony's show.
And thank you again, Tony, foryour support.
I've been here for a long timeand really do appreciate it.
Thank you so much.
Speaker 2 (41:34):
Thank you, David.
Speaker 3 (41:45):
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If you've been exposed to logicby listening to the DavidNight
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Financial support or simplytelling others about the show
(42:09):
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People have to trust me.
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Speaker 1 (42:31):
Using free speech to
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It's the DavidNight show.