June 6, 2024 • 43 mins
Discover the seismic shifts in the global economic landscape and how they might reshape our world. What if the petrodollar agreement between the United States and Saudi Arabia is nearing its end? Join us as we unravel the historical context and explore the potential ramifications of Saudi Arabia's pivot towards digital payment systems with China and their recent inclusion in the BRICS group. We also discuss the broader trend of de-dollarization with nations like Iraq and Turkey moving away from the dollar, signaling a major global financial realignment.
Under Jerome Powell’s leadership, the Federal Reserve has embarked on rapid interest rate hikes, but what are the true economic consequences? From stagflation to the strategic evolution from a gold standard to an oil-backed currency, we provide an in-depth analysis of the current economic strategies and challenges. We also dive into the influence of the World Economic Forum, China’s transformation into an economic powerhouse, and the vulnerabilities of the U.S. economy as it shifts from production to consumption.
For those looking at investment opportunities, this episode offers valuable insights into purchasing gold and silver, particularly the benefits of fractionalized purchases. Learn about the rising trends in gold prices, possible future trajectories, and our personal investment strategies at Wise Wolf. We also discuss the implications of global economic power shifts, the lack of U.S. governmental pressure on Saudi Arabia, and the impact of the green agenda on Western manufacturing. Don't miss out on our comprehensive exploration of these critical economic transformations and investment tips.
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Transcript
Episode Transcript
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Speaker 1 (00:05):
All right, and we've got Tony Artabanon after that
brief break from Wise Wolf Gold.
But he has set up DavidKnightGold to take you to Wise Wolf
and of course you can buy goldor silver, small amounts or
large amounts.
You can also set up a savingsprogram there.
With Wolfpack you can determinehow much you want to save each
month in gold or silver and geta group discount as part of that
(00:27):
, and so you can graduallyaccumulate that and he can also
help you if you want to do ametals IRA.
He can help you to set that up.
Great to have you on, tony.
Thank you for joining us today.
Thank you for supporting thisprogram.
Speaker 2 (00:40):
Well, it's an absolute honor, sir.
Thank you for having me back.
I always enjoy our Thursdaychats.
Speaker 1 (00:44):
Well, thank you.
Yeah, it's great to have you on, and in the brief time that we
were talking during that break,you said you heard the question
from somebody about Saudi Arabiain three days.
Is there some kind of magicagreement?
Were you able to find anythingabout that?
Speaker 2 (01:26):
Well, yes and I'm going to be very careful not to
break anything here that isunsubstantiated, because there's
a whole host of blogs out thereand speculation on what's going
to happen on the 9th and theUnited States formed a
petrodollar agreement inexchange for military protection
, that the brokering and allsales of the crude oil in Saudi
Arabia would flow throughdollars, and that's where you
get the term petrodollar.
Speaker 1 (01:37):
And so that was 50 years ago today.
That's interesting.
Speaker 2 (01:41):
Yes, d-day too, june 6th Also anniversary of
Operation Overlord 1944.
And so, yeah, it's expiring onthe 9th and so again, there's
some disinformation.
I don't want to lean tooheavily on this.
There's some blogs out thereand some sub-stacks saying that
(02:01):
the Crown Prince in Saudi Arabiahas said that they will no
longer accept dollars.
That's not something I canconfirm.
What I think is going to happenis, if you look at the, I think
the digital currency headlinesout there, saudi Arabia and
China are creating across-border digitized payment
system.
I think that will kind of startoff.
What's going to happen to thefuture is going to be a host of
(02:25):
currencies.
I don't see any evidence thatSaudi Arabia is going to stop
all transactions in dollars.
I think we would know that.
I think that would be, eventhough it's on a couple of blogs
out there.
I don't think that that is thetrue crux of the matter.
I think what we're looking atis that Saudi Arabia is going to
not renew that agreement.
(02:45):
The petrodollar soofficially're looking at is that
Saudi Arabia is going to notrenew that agreement.
The petrodollar, so officially.
Really, the petrodollar is notnecessarily dead, but it's on
its deathbed, it's in hospicecare because these other
currencies and I think it'llprobably be more dominated in
Chinese yuan.
And then the BRICS systemitself.
Let's not forget that SaudiArabia recently joined BRICS and
(03:05):
I think that made it.
I think, really, that really isgoing to accelerate
de-dollarization, david, I meanit's not that it's going to go
to zero, that Saudi Arabia isnot going to accept it, but
they're going to have acompletely new payment system
set up.
So what we've known and what wetalked about as the petrodollar
, I think, is officially comingto end here on the 9th the
petrodollar, I think, isofficially coming to an end here
(03:28):
on the 9th.
Speaker 1 (03:28):
Well now am I mistaken?
Because I thought that SaudiArabia had said they're going to
start settling contracts withChina, for example in the
Chinese Yuan.
Was I imagining that, or didthat really happen, or do you
know?
Do you remember I thoughtthey'd started doing that, but
maybe they didn't.
Speaker 2 (03:43):
What do you think?
I believe that they havestarted doing that, but maybe
they didn't.
What do you think?
I believe that they havestarted doing that and I think
even during this agreement, Ithink they've been setting that
system up.
I think that will acceleratenow more than anything, but it's
not that they won't use dollarsAt least that's what I'm able
to find and we've been talkingabout this for a while.
It's part of the overallde-dollarization, uh, globally
(04:05):
that we're seeing, and it reallyjust, I mean it accelerating
faster than I think.
As you look at the financial,the mainline financial networks
aren't even talking about this.
This is huge, you know this,this departure away from the
petrodollar system.
So no, I I'm again, I don't.
It's not going to go to zerolike they're not going to use
dollars, or iraq has done that.
By the way, the iraqi, theiraqi parliament, uh has made it
(04:28):
illegal to trade in dollars, sothat you know that in that part
of the world that is happening.
Um, but it looks like this islimping along.
I mean, there's going to betrade in dollars, but no, it's.
There's cross-border paymentsset up uh, electronic electronic
systems, electronic currenciesand digitized currencies between
Saudi Arabia and China aregoing on and I think this is
(04:50):
going to be part of that.
It'll be part of the newpayment systems through BRICS.
Speaker 1 (04:55):
Another stellar victory for the American empire.
Our former, the people werescued, don't want have made it
illegal to even take our moneyanymore.
Maybe we should offer a billlike that in Tennessee Make it
illegal to accept any, anyfederal bribery out of
Washington DC.
That would start things goingin the right direction
immediately, wouldn't it?
(05:15):
They don't even want our money.
And, of course, turkey, whichis a NATO ally.
They have declared that they'regoing to join BRICS as well.
So was there a you mentioned,you know, 50 years ago?
Today there's some kind of anagreement.
Now what kind of?
You know?
Is this kind of a handshakebetween uh, I guess we could
call it a handshake between aclown prince and kissinger, uh?
(05:39):
Or or was this some kind of aformal agreement that they
spelled out there that they canjust start to find some wiggle
room or just ignore it?
I guess, maybe, I don't know.
Speaker 2 (05:49):
Was it some kind of a ?
Speaker 1 (05:50):
formal treaty or something.
I believe so Was it Okay, Ijust thought it was kind of an
agreement.
You know if you look it up.
Speaker 2 (05:56):
the petrodollar agreement of 1973 was a deal
between the United States andSaudi Arabia.
In exchange for militaryprotection and advanced
equipment, saudi Arabia agreedto sell oil exclusively in US
dollars, and they call it anarrangement established in retro
dollar.
Speaker 1 (06:12):
We're doing a couple of mafia families there.
The Ttaglias and the Corleonesmade an arrangement there and,
of course, the reason that wetalked about this many times,
the reason they had to do that,was because everybody saw the
fraud that the dollar was notbacking up, not being backed up
by gold, as they had promised,and so they had to back it up
(06:35):
essentially, you know, with withguns, with with the military
equipment for the Saudis, andkeep them in power, because you
know it's a, it's an organizedcrime cartel that's in that
country.
It was a bit of a delayedreaction.
Speaker 2 (06:50):
You know, august 15th 1971, richard Nixon takes us
off the gold standard, closesthe gold window and it doesn't
again.
Not till June 6th 1974, do wehave this official agreement.
I think that was probably theplan all along, because it'd be
more of a floating currency, uh,based off a real-time commodity
, in some ways at least.
So it's not just because thiswas.
(07:11):
That was a huge departure fromthe breton woods agreement in
1944 and again the 1970s.
That's where you getstagflation, you get high
unemployment, uh, inflation andand low economic output, and so
that's what you get.
Also, you get the gold going up2,000% during the 1970s.
Of course, gold didn't reallygo up.
It's the dollar-loss purchasingpower.
(07:33):
But all through that, that'sthe military-backed US currency
argument and I've heard thatbefore like what backs us now?
Well, it's been a host ofthings.
It's really about moneyvelocity.
This is my opinion.
But you go and you look atplaces like iraq, uh, that we
invaded, and I I tell this storyoften like the one of the first
places I was called to at thetail end of the invasion, going
(07:55):
into mosul, they sent me to thebank.
Uh, they said, they put my teamto the bank and said, uh,
figure out what's going on.
Because people were just takingboxes of the Iraqi dinar out of
the bank and the people werestaying there and they were just
basically looting, but theywould go out in the street.
Nobody wanted any of thecurrency.
I literally got to see acurrency die in real time a
paper currency and you thinkabout the departure.
(08:15):
That was 20 years ago, david.
So if you think of thedeparture 21 years ago and I
look at that and how far we areaway from that the apex of
American power and hegemony post9-11, going into Iraq, doing
that, setting up that interimgovernment, all that with Paul
(08:35):
Bremer and all this you lookback now and they don't even
accept dollars.
Yeah, yeah, that's right andthis is a swift fall and we
talked about this last week.
You have to be.
This is on purpose that we losethese deals.
This was one of the reasons that, if you look at the history of
the Cold War in the 1980s,ronald Reagan was able to
(08:59):
bankrupt the Soviet Union andthere's a lot of moving parts
that go into that, but that wasone of the things he was able to
to work closely with with thehouse of sod.
They were able to, you know,have a massive amount of output
of crude oil onto the market.
The main export of the SovietUnion was energy, russia and and
their natural resources.
So a couple with some otherthings.
(09:20):
That was that was deal-making,that was a strategy.
What is happening now?
I mean I know it's an insidejob, but it's pretty incredible
I mean they're not even tryinganymore that you have Biden's
economic advisor, bernstein.
He can't explain what currencyis like.
He was on 60 minutes.
He can't explain you know how,how debt is denominated, all
this stuff.
And he's also arguing he wantsto lose this, that these, these
(09:45):
are the economic, this is thehead economic advisor for Biden
wants to lose the world'sreserve currency status of the U
S dollar, which I don't knowhow, the how does the dollar
survive, david, if it's notbeing used globally?
And again we've.
I don't think that these elitesunderstand or maybe they do the
consequences.
Speaker 1 (10:03):
I think the people running the government
understand.
I think they put in these idiotsubordinates who don't.
And those are the ones that welook at and we think, oh, our
leaders, they don't understandwhat's going on.
Maybe I don't know, maybethey're such traitors that they
would do it anyway, maybethey're so stupid they don't
understand what's going on.
But the people who are settingthis whole thing up do
understand.
The people who are setting thiswhole thing up, do understand.
(10:25):
And and you know, they aredeliberately.
It's kind of like the failingschools right For the longest
time.
People say what is the matterwith the schools?
And I'd say I think they'redoing exactly what they intended
to do.
I think they're deliberatelydumbing down the kids and and
they this, our government welook at it and it's like what's
the matter with it?
Don't it doesn't?
Can't?
They see this doesn't make anysense.
No, I think they'redeliberately pulling the
(10:47):
economies apart in America andin Europe and other places in
the West.
I think it's a deliberate focuson us to rip everything apart.
Speaker 2 (10:59):
I agree.
I mean, I think it's a plan.
America will be the firstnation, I think, ever that will
be brought down artificiallyAgain.
Every nation, every greatempire has a rise, a fall, has
an apex and a collapseeventually.
But this has been accelerated.
You go back and just look atthe timeline.
I get stuck on this.
(11:19):
But if you watch the departureof American greatness and
American power andaccountability, it really just
starts again.
The acceleration point at least, is 1971.
And then that's when we go offthe gold standard and I'm
thankful for a lot of thingsthat happened post Nixon taking
us off the gold standard.
For one thing, it's legal foryou to own gold.
(11:41):
Now you could know it from 1933to 1974, which is interesting.
This is 74 is the year wesigned the agreement for the
petrodollars.
Also the year gerald ford madeit legal for you to own gold.
So again, it was you couldn'tphysically, it was you go to
prison, you couldn't physicallyhold it.
So now you can, so you can beyour own bank.
But you got to understand, likeeverything that's happening with
(12:03):
the government and the idea ofsound money and Liberty and
accountability with with inregards to the monetary system,
that's what props up the deepstate.
That's when we have theproblems that we have Uh,
there's no, there's absolutelyno accountability.
And now that they're, they'redoing this control, demolition.
This is this is the time whenyou really, folks, you got to
(12:23):
pay attention to what this isgoing to happen.
Like David says, it's agradually, then suddenly right,
with Hemingway's quote about therich going broke, I mean it's
gradually and suddenly.
I think we're going to see thesuddenly part and I I try not to
be an alarmist and say, well,tomorrow you're going to wake up
and the dollar, the dollar'snot going to zero, but it is
going to digital.
That's something that we needto really focus on.
(12:46):
It's this is all these thingsthat are happening I think you
know, david, and I talk about.
It's like how could you, even,how would you, let this
agreement lapse?
And when we need it so badly toto to strengthen the dollar as
well?
It's because they're going tocause, put in the, the
environment for you to need orask for a central bank digital
(13:07):
currency.
There'll be a run on the dollar, there will be loss of
purchasing power, foreignadversaries dumping it, and so
they're going to say, well, thisis what you need, just sign up.
Here's your biometrics and allthe rest of that stuff.
So that's the at least that'sthe signposts that I'm reading
from all this, because you can't.
(13:27):
They have to know that they'regoing to lose this status, so
there might be.
And again this Jerome Powell hasbeen raising rates faster than
any Fed chair in history andwe've noticed that, and they're
also very much on the fenceabout lowering rates now because
they have stagflation they have.
They have inflation now, butthey also have an economy that's
(13:49):
failing.
But I think you and I have alsotalked about the Fed.
The Fed will choose the strongdollar.
So there's a, there's a mixedbag and it's probably a lot of
civil war going on in the realmof finance and our dollar, which
will work its way out of thegeneral society eventually.
Speaker 1 (14:04):
You know the Civil War stuff, I agree.
Well, you know, I think it'skind of interesting when they
put in commodities of oil, butalso the other commodity that
was implicit in the petrodollarwas military power.
So those are the twocommodities that we control,
right, and so we control the oil, we control the military power.
Once they put the petrodollarthere, that was based on that,
(14:25):
then they could let people havethe gold, because prior to that
it was implicitly tied to gold,at the very least, and so they
moved these things along and, asyou point out, they're
gradually taking everything down.
Just like Fauci said, how do weaccomplish radical change is
(14:45):
basically what that guy wasasking him at Milken, and
whether you're talking aboutgetting people to take an
untested vaccine or they'retalking about radical change in
terms of our infrastructure andour economic organization, our
radical wealth redistributionfrom the Western governments to
a handful of oligarchs, whenyou're talking about radical
change, you do it from theinside, you do it with
(15:07):
disruption and you do ititeratively, and that's what
we're seeing with all thisradical change.
Speaker 2 (15:12):
Right.
And the question is whobenefits?
Yeah, and certainly not theAmerican people, that's right.
And because this system hasbeen in place so long, you're
going to develop normalcy bias,and I think that's so dangerous
right now because the elites areplanning, they've been talking
about this, they even have aterm for it, you know 2019.
I was talking about, talkingabout the, the language of the
(15:38):
great reset, and, uh, and theworld economic forum.
Uh, by the way, the worldeconomic forum started in 1971.
Same year we went off the goldstandard.
Who knew?
You know?
So, you know, you see, a lot ofthat stuff has followed us into
our present time.
In 1972, we opened china, andthen china was, uh, if you read
pat buchanan's work on him,following nixon opened china, it
(16:00):
was like this backwater, almostlike he was like he called it
like a moonscape, it was just,it was very quiet.
Uh, you know, they had, theyhad nuclear weapons in 1964, but
they were very isolated.
You know the, yeah, the, themaoist regime, even though they
were set up by the rockefellersand rothschild in 1949, it was a
, it was very insulated and theyhad, you know, cross, cross
(16:22):
border fights with skirmisheswith the Soviet Union.
A lot of that was covered up.
But they still had, you know,border disputes between some of
the lands that the Russian czarshad conquered and, you know,
conquered 200 years prior.
But there was a lot of tension.
So when that opened up.
This is where we are now China.
We have this most favoredtrading status given to it by
(16:46):
George W Bush on December 11,2001.
And after that we lost 55,000factories here in the United
States, all this wealthtransferring to China.
But I read a report thismorning.
David is really interesting.
The, the amount of dollars thatchina now holds is a mystery.
(17:06):
There was a going up, the peakwas 2014 and then there was this
decline since that time and nowthey just basically papered
over it and covered it up.
You really don't know how muchof the dollars they actually
hold.
So this is coupled with thefact that China has been
stealthily under radar, which isvery bizarre, buying gold since
(17:27):
the beginning of the century.
I think that's also a tell.
They're setting themselves upwith their economic nationalism,
their manufacturing, whichproduction?
If you listen to the former Fedchair, paul Volcker, when he
talked to Congress back in thelate 80s, he was saying well,
what's wrong with the economy?
You know why is the American?
Speaker 1 (17:47):
economy.
What's wrong with the economy?
I am.
Speaker 2 (17:51):
That's a GK.
Speaker 1 (17:52):
Chesterton thing on it, right, you know what's wrong
with the world?
I am, but he definitely was.
What was wrong with the world?
I am, but he definitely was.
What was wrong with the economy, these Fed chairmen.
Speaker 2 (18:00):
Well, it's exactly right.
Well, he pointed to the factthat the United States had
departed from a productionnation to a consumption nation.
You know that's, a consumptioneconomy is not going to be near
as strong and productive withoverall wealth as a production
economy, so we went away frommanufacturing.
So there's something happeninghere.
The history here is reallybreathtaking.
(18:23):
If you follow finance andyou're a gold bug like me and
followed, you know, preciousmetals and it's all happening
now.
I mean just even the news feeds, it's even.
It's hard for me to catch upbecause so much happening in the
realm of digital currency, butjust this here.
You know we're on the cusp oflosing the petrodollar.
I didn't think it would be thisfast, but there's really no
(18:45):
resistance.
Even the archive stories, David, if you go back, the United
States government isn't puttingmuch pressure on Saudi Arabia to
renew it or to create some sortof deal.
They don't care.
Speaker 1 (18:57):
It's truly amazing.
I mean, you would think thatBiden would go over and at least
, you know, do a sword dancewith him or something like Trump
did.
They could pull out the glowingorb and he could put his hands
on it.
It's like, yeah, all right,we're all together in on this,
but they're doing nothing, noteven a sword dance.
Speaker 2 (19:14):
Well, and have you heard anything?
I haven't heard anything on thecampaign trail from any of
these candidates.
Speaker 1 (19:18):
No, no no, all the all, the truly foundational
existential issues.
They don't care about it at all.
As a matter of fact, you know,when you look at this right, it
was energy, oil, it was militarypower, things like that that
they were focusing.
This thing on, well, as youwere talking about, is to make
the transition from amanufacturing economy to a
(19:39):
consumer economy.
That is a path to poverty andto slavery.
And yet when you look at thegreen agenda and you look at the
Paris Climate Accord of 2015,.
What is that about?
That's about making sure thatChina and India have an
insurmountable advantage interms of manufacturing, because
(19:59):
if they've got cheap availableenergy, nobody can compete with
them.
And that's why we're seeing alot of these.
We're seeing factory afterfactory close, they are the last
steel plant in the UK closing,and on and on.
You see all this stuff why?
Because manufacturing is energyintensive, and if it's energy
intensive, it's going to be donein the places where energy is
(20:20):
cheap.
And so this whole green agendahas been about making China the
manufacturing king and making itso that we can't manufacture
anything, not competitively atleast.
Speaker 2 (20:34):
Well, it's a way to consolidate power too, and you
called it a watermelon that'sgreen on the outside and red
communism on the inside.
That's exactly right.
I mean, this is what the planof the elites in the world
economic forum, whatever youwant to call it.
There's probably a massiveamount of influence too, and I I
probably need to do a wholeshow on this where the
trilateral commission, thecouncil on foreign relations
Relations how much of their handis in something like BRICS and
(20:58):
the foundation of BRICS?
We know that they founded theTrilateral Commission in 1973.
All these years are very pivotal, beginning of the 1970s, going
off the gold standard, openingChina.
Trilateral Commission.
74 is also a very importantyear, not only for this
agreement, but it's the lastyear that the United States ever
ran a trade surplus.
And you got to remember, folks,the trade surplus again.
(21:21):
This is what we had for most ofour history.
There was a reason we werecalled the arsenal of democracy
and the manufacturing marvel ofmankind.
I mean, it's what we, the, thefounding father, especially
alexander hamilton set up atariff system so we would
protect our markets and we builtthings, and so there was always
a trade.
That's how we even paid.
You know David's mentioned thismany times that was our taxing
(21:44):
system.
About 70% of the government,the federal government, was
funded through tariffs.
So foreign imports you had topay a tax to enter our home
markets.
And now you look at thattimeline, david, david, the
going off, the going on, thepetrodollar, but it was the last
year we ever ran a tradesurplus.
Now where does that money go?
So if you're running tradedeficits, that's that's funds
(22:06):
and wealth away from you.
And I remember running for,when I was running for Congress,
I said, well, we're going toreach a trillion dollar trade
deficit and I was laughed at byI think it was the Dallas
Morning News, and I thoughtthat's just crazy.
Well, we hit that and it was.
You know, it wasn't some, itwasn't that much longer after
that.
It's because we continue toconsume, consume and we're based
off of debt and the elites pushthat.
(22:27):
That's.
You know.
We went from a productioneconomy to a consumption economy
and so that's where we are.
All those dollars, though, asI've mentioned, have to go
somewhere.
They and so that's where we areAll those dollars, though, as
I've mentioned, have to gosomewhere.
They don't just float off inthe ether Wealth transfers.
So this large transfer ofwealth has been happening under
your feet for the past 50 years.
That's right.
(22:47):
And now we're just.
I think they're consolidating,that's rearranging the grand
chessboard, all of that.
And the danger here is all ofus just thinking well, you know,
tomorrow will be a lot liketoday.
Yeah, that's just so.
It's not.
It's not going to be.
Speaker 1 (23:02):
And you go back and you look at it and I remember
you had a lot of people who wereall about free trade, you know,
carrying the water for themultinational corporations, and
so this is going to be great.
You're going to be able to look, you'll get everything so much
cheaper.
You know these, these people inChina, they've got nothing,
they'll work for nothing, and soyou're going to get really
cheap goods from these peopleand all this kind of stuff.
And it's like, well, you know,is, um, is that a?
(23:24):
Is that a good thing that we'regoing to use these people as
slaves to make cheap stuff forus?
And then what?
Where?
What is the long-term pictureof this?
You know, we're going to getwealthier as a community.
Think about that as a community.
If we are just doing eachother's laundry or cooking for
each other with restaurants, andthat's really all that's left
to us now are these servicebusinesses as individuals.
(23:45):
You know, if you're not on nota big multinational corporation
on the New York Stock Exchange,what have you got left?
Basically, service businesses.
Now, if you do a good servicebusiness, you can still get rich
, but at the same time, yourcommunity or the country is
getting poorer and poorer.
So you're going to be a bigfish in a shrinking pond.
That's there, and eventuallyyou're going to run out of water
(24:07):
in that pond.
And so that's the directionthat we've been taking as a
community and a lot of thesepeople who sold us this open
trade stuff.
Again, when you go back and youlook at how these things got put
in, at the same time we wentfrom having taxes at the border
to having taxes internally.
(24:29):
We also set up the FederalReserve and we set up the income
tax and all the rest of thatstuff.
That's when we made, you know,essentially the, you know, the
guns turned in on us in the sameway that the guns are turning
in on us now with thesurveillance state and the
police state and the rest ofthis.
They turned that gun on useconomically a long time ago and
you're right talking about the70s, when you had.
(24:50):
There's a big new Brzezinski,when he's starting the
trilateral thing and you know,and they loved him, they loved
his thesis that he wrote alittle bit before that and sets
up the Trilateral Commission andthen, when they switch out
Nixon with Jimmy Carter, theyput him in charge, take over
from Henry Kissinger who'srunning the show.
Then you get ZbigniewBrzezinski running the show for
(25:12):
the Trilateral Commission.
It truly is amazing to watchthis thing unfold over all these
different years and how thesepeople are painting us into a
corner.
And boy, we're in one now andwe're in a tight spot now.
As they said in that brotherwar, the barn's on fire and
they're shooting inside.
Speaker 2 (25:33):
It truly is an end game and, as much as I don't
like that, the fact that this,this plan, that it's been a long
term plan to transfer thewealth and power and the ability
to project power away from theUnited States of America and
it's going to wake up.
You know that quote that'soften attributed to Thomas
(25:54):
Jefferson.
You wake up, homeless on thecontinent your forefathers
conquered because this was aplan that was implemented.
You mentioned the income taxand the Federal Reserve.
I mean 1913 is the fourhorsemen of the political
apocalypse.
You have the 17th Amendment,the direct election of senators
by bankers instead of your statelegislator.
You get the 16th Amendment,which was the income tax.
(26:16):
You get the Federal Reservelegislator.
You get the 16th Amendment,which was the income tax.
You get the Federal Reserve.
But you also get in there inthe incubation stage where we
start moving away from beingeconomic nationalists to a free
trade system.
In 1913, with Woodrow WilsonFolks, all that was set up by
the elites.
This was their plan.
The Cecil Rhodes roundtable,internationalist merging of the
(26:38):
British Empire, the city ofLondon and the United States and
its power, to you know, form aone world government.
And that's where you know.
You know, years later you get,after the end of World War One.
The League of Nations wasrejected because we still had
somewhat of you know, we stillhad some people that loved this
country that were in the UnitedStates Senate and it was
(26:59):
rejected.
But that's where you get theCouncil on Foreign Relations.
They've been working.
It's an inside job, they'vebeen working on this and it's
beyond just human intervention.
This is a spiritual thing.
But they've been working onthis since, well, since the
beginning of the country, butespecially accelerated after
World War.
I I mean and I'll end with this,david, you know the debt of the
(27:20):
US going into World War I, thewar to end all wars, was a
billion dollars and when we weredone with the war it was five.
You know, because now we hadthe Federal Reserve too and they
had hijacked the money supplyand they've expanded.
You know it was five billion.
That's pretty quaint comparedto where we are now, with a
(27:41):
trillion dollars every 90 days.
You know, so, totallyunsustainable.
But you know, watch, watch.
This is monumental.
They were watching theseagreements expire and this is a.
This is the passing of an ageof of the American empire,
american empire, and it'sswiftly eroding.
Speaker 1 (27:57):
Right, yeah, and of course, when you look at China,
they loved China because thecommunist leaders were nothing
but thieves.
You know Marxism is essentiallya kleptocracy from one regard.
You know kleptocracy combinedwith totalitarianism.
So they knew these people werebribable and what they did was
they set up a kind of fascistsystem where you had
(28:20):
public-private partnerships.
You didn't have a businessthere unless you had a Communist
Party partner there, and sothat kind of model that they
used.
They liked China because theycould have their way with it,
and you hear the politicians andeverybody else saying that all
the time oh, I love China, I cando whatever I want to there,
because it's a dictatorship, andthey want a fascist
(28:40):
dictatorship here.
That's what the public privatepartnerships are all about, and
they're the ones who are goingto that.
You know.
You asked before where does themoney go?
Well, we know it goes to theseguys.
They're the ones who get it.
I've got a question for you,tony.
This is from Michelle Obama,and thank you for the tip on
Rockfin.
It said Tony, does the gold yousend me that is larger in size
(29:00):
have less value because it's notas easy to break down and trade
for day-to-day items?
Speaker 2 (29:08):
no, uh.
Well, I think what you'rereferring to is there's when you
get gold that is broken intothings like uh half ounce,
quarter ounce, uh tenth out,tenth of an ounce, or even gram
bars.
I gotta put a lot of the grambars in the wolf pack packages.
There's a premium placed onthose.
Just just getting that, likethe, my cost is going to be
(29:28):
higher, doesn't?
It's not like it's not a costI'm passing necessarily on to
you from the mint that's my.
I have to absorb the cost firstand then sell it.
So there's always a higherpremium on fractionalized gold,
as there is on fractionalizedsilver.
It's just the way that metalswork, the minting process and
all of that.
(29:48):
There's always going to be alittle bit more and sometimes a
lot more premium.
It's one of the things that'sgreat about wolfpack.
We buy the the gram bar sheetsand sheets of 100, so 100 grams
of gold per sheet, and what I dois we we put, take those little
white gloves and we break offthe the grams and then repackage
them into a coin flip.
(30:08):
So instead of you paying likegoing online and finding one,
that's an assay that's through.
Like you know, one of the majorretailers will save you, you
know, 10, 15 dollars a piece onthose.
So it's not that it's your gold.
Your gold's worth less if it'sin an ounce form and it's not
necessarily that your gold wasworth more when it's in a, a
(30:30):
fractionalized form.
But you end up paying a littlebit more and I think there's
probably a psychological valueplaced on that.
It's like if you can just tradegrams at a time, I think people
will like that, by the way, andI think that's a, that's a way
that you could, um, handlebusiness, uh, and it gives you
the ability to it's.
It's you.
Speaker 1 (30:52):
You've made that coin divisible so that's the whole
point of why you're paying alittle bit of.
I agree, yeah, yeah, when youget something that's bigger, it
is that you're going to get abulk discount type of thing on
it, right, and if it's smalleruh, you've got some more utility
for it in terms of maybe youknow in the future, if you're
trying to so those those twothings that just kind of there's
, they're, you know, differenttypes of uh that you might
accumulate.
You know you're looking to geta massive amount that you then
(31:16):
can't break down and but you canget a quantity discount on it.
Or you're going to getsomething that you know there's
more more involved inmanufacturing it and more stuff
that has to go into it, moreprocessing but it might have a
little bit more utility for youin the future.
I guess it's just that maybeit's that kind of trade-off,
what else.
Speaker 2 (31:34):
By the way, that's the way I buy a lot of my gold
for myself personally, eventhough I mean, I buy it from
people that come here to my shopor to my place in Denison,
texas, but I, you know, I try tobuy the 10th ounce pieces.
So you know the same things.
If you call me and you want tobuy something, just know that
I'm it's like I'm buying formyself.
I'd think what would I do withthis particular situation.
So it's, you know, that's justme projecting my own strategy
(31:59):
with my customers and, uh, so II told that's a great question
because I have the same, I havethe same thoughts.
Like a 10th ounce gold,krugerrand.
I love Krugerrands.
Um, you know, south African,it's part of the bricks nations,
it's probably a good hedgethere.
You can usually get a good dealon them.
They're not, uh, there's thepremiums on their mark like, uh,
american Eagles.
So I like to, I like to savethose, those Krugerrands.
(32:21):
I like the 10th ounce pieces.
Matter of fact, I got onelittle gold with you just in
case, like a backup.
You can always do that withjewelry.
Speaker 1 (32:34):
If you want to go on a plane, the TSA will always
steal it from you right?
Wait a minute, I had thisbasket.
Where'd that go?
Speaker 2 (32:44):
Yeah, wear it.
Speaker 1 (32:46):
Don't put it in your bag, the touch it and steal it.
Authority that's what the TSAstands for, I guess.
So what's going on?
Other things that are happening, any specials or anything?
Speaker 2 (33:00):
like that that's going on at Wise Wolf you want
to let us know about.
Well, so we're working onpayment systems.
I've had a lot of people reachout and I heard you on David
Knight talking about the newpayment systems, working on that
, where you can do ACH it's forsome of the larger tiers or
one-time purchases and I'mworking on being able to accept
major crypto.
Uh, on wolfpack, so you can goon and get in the shopping cart,
use bitcoin or ethereum.
(33:21):
We should be announcingprobably this time next week
when I'm on with you again,hopefully we'll be announcing
that.
So that'll be really exciting.
Oh, yeah, uh, and and we've gota lot of great, great products
uh, going out on wolfpack.
If you haven't checked outwolfpack, go to davidknightgold
and, uh, look at all the thingsthat you can set up and the
automatic.
You can do one-time purchasesand we buy your medals for you.
(33:44):
Um, so, the more we've gotclose to we're getting close to
like 1200 people.
So we've we've expanded ourreach there a bit.
I got like 700 five-starreviews.
So if you haven't joinedwolfpacker, you've been on the
fence about it uh, especiallywith this going off of the
petrodollar, uh, save somesilver, get some gold, uh, you
know, and and with us you'regonna get quality products
(34:07):
delivered directly to your doorand and all that certified, and
I buy free.
I buy for you like I buy for me, just so you know.
Speaker 1 (34:13):
Yeah, what would Tony do?
That's what you're thinkingwhen you're making the purchases
.
Well, you know, as GeraldSlenty will always say, he says
I don't predict the future, Ipredict trends, and we know what
the trend is for gold.
We don't know when it's goingto happen, when the price is
going to go up exactly or godown, up exactly or go down, but
we know what the trend is forthe dollar and we know what the
trend is for gold, and so that'sall you need to know, to know
(34:34):
that you need to startaccumulating gold and silver.
Thank you so much, tony.
It's always great talking toyou and you got your show is
going to be following.
I've got another question here.
I think this is from Atomic Dog.
He said David, gold has gone upabout 32% over the last two
years.
What does your gut say aboutthe future price increases?
Is 3,000 likely within the nexttwo years?
(34:56):
I saw something the other day,and I don't remember what the
time period was, talking aboutgold.
Maybe it was longer than twoyears, but it had gone up quite
a bit.
What is my gut feeling about it?
Well, well, let me ask you,tony, what's your gut feeling
about it.
We're not making predictionshere, but we're talking about
the trend.
You know if we got any.
I know that there's a lot ofbanks that have picked $2,700,.
(35:19):
You know, by the end of thisyear, beginning of next year,
several of them have picked$3,000.
And, of course, you've got somewild outliers that go really
high, just like you see withbitcoin predictions and things
like that.
What do you think?
Speaker 2 (35:33):
well, I think just conservatively, go back to 2020
and city bank was expectingthree thousand dollar gold.
Uh, during that time that Ithink the second quarter they
were talking about 2021, 3000there's been a lot of
disruptions in the naturalprogression of what gold's value
is.
You gotta understand.
This is warfare, folks.
This is yeah is a very you know, this is fourth-dimensional
(35:54):
warfare.
You've got the United States'central bank is at war with gold
.
That's why they don't buy it.
That's right.
Speaker 1 (36:02):
The West isn't buying it.
It's not simply market forces.
You've also got, you know,active manipulation.
Speaker 2 (36:09):
Active manipulation.
Again, there's a revaluation ofcommodities, even things being
denominated in dollars, and Ithink one day we'll look back
and wonder what does that evenmean, that we were denominating
all this stuff in dollars?
It is crazy, you know.
Gold is really.
If you step back from it, goldis the world's reserve currency.
(36:30):
It's supplanted the dollaralready, you know, and I think
the final nail in the coffin was2022, with the invasion of
Ukraine by Russia and thesanctions that were placed to
blow back from that, and so Ithink that gold, it really is
the world's reserve currency now.
So what happens with it beingdenominated in dollars?
That's a great question and Ithink, if I'm betting on
(36:54):
something I think, easy threethousand dollar gold in the next
24 months, I don't think that'sreally a problem.
It could be much higher.
I mean, honestly, would anybodyblink at five thousand dollar?
You know, an ounce gold?
Probably not.
But if I'm understanding whathappens when the price goes up,
(37:16):
it really slows down all thethings that I do.
You would think it would speedit up and there would be like
some windfall, but it reallydoesn't.
It's a really crazy time, likeit takes me about two weeks now
to get paid on a certain type ofitems, especially the larger
gold items, even though theprice is up, I usually have to
sell them to the trading house.
It's taking a long time forthat to be evaluated, to be paid
(37:38):
for, so everything is sloweddown and I think it's like
choking out some of the becauseyou know you're dealing with
more dollars.
There's more risk that happensif you're holding that much more
.
So you've got to understand allthe factors that will happen.
So I don't pray for higherprices.
By the way, I don't think that'sa good thing right now.
I think it's right.
I mean right.
Where we are is crazy.
(37:59):
So this is the you know it'shit its all time.
Gold hit its all time high inthe last five times or something
like the last four months.
So we are we are on atrajectory of a bull market for
gold.
But I don't think it's just abull market.
I really think it's agenerational shift for the
world's reserve currency of thedollar status moving away,
de-dollarization and revaluation.
Speaker 1 (38:20):
Well, you know, we've talked about Zimbabwe, for
example.
You know the Bax case in moderntimes, a trillion dollar
Zimbabwe note and all the restof the stuff, trillion Zimbabwe
dollars.
They did the Ziggy, theZimbabwe gold thing, and it's
actually gaining against the USdollar.
How bad is that?
(38:42):
When the US dollar is fallingagainst Zimbabwe's currency,
it's up 2% over the US dollar.
So I said it's having someproblems in the country because
there is a big black marketthere competing in a lot of
different ways with thegovernment's currency.
But internationally, you know,people are liking it again
because they supposedly tied itto gold.
(39:03):
I guess maybe internally peopledon't believe that it's tied to
gold.
This is the big lie.
How do we know that they'retelling us the truth?
You know, it's like when theyalways tell us a lie.
So but yeah, I think it's goingto be there.
It's the.
It's a safe play.
I'm, you know, when you've um,we reach a certain point in time
and you've been on rollercoasters of investments.
(39:24):
I'm not interested in anyroller coasters at this point in
time.
I'm too old to ride them, youknow.
So I'm looking for something'sgoing to be kind of slow and
steady and stable and physicaland all the rest of these things
that gold and silver are.
That's just my personal opinion.
I you know the stock market isdoing really well, but it's like
(39:45):
you know just a couple ofstocks that are doing it.
You know, first it was seven,Now it's only about four stocks,
and it's focused on AI and it'sfocused on NVIDIA and things
like that.
These are things that are kindof fads, and I've seen a lot of
fads come and go.
You know, as these people aresetting up their global conquest
, what were we doing back in the70s?
(40:05):
You know people were dancing todisco and wearing bell bottoms.
You know it's like what do weknow?
It's kind of crazy, Uh, and howuninformed we are about what
these movers and shakers aredoing in the background.
Um, so, uh, you've got aprogram that is coming up
following this one.
Is that correct?
Oh, yes, sir.
Speaker 2 (40:24):
Uh, just at 11 AM central time.
Arterburn radio transmission.
I'll be live on a rock fin onthe america unplugged channel
and my twitter at 20 r tonyarterburn and a couple other
places.
Free worldfm as well.
Speaker 1 (40:36):
Yes yes, good, yes, and I think we still need to get
there um on free someday.
Yeah, someday we'll get ourtech uh changes done.
It's so much stuff on a regularbasis it's hard to get
something.
I understand.
Uh, all right.
Well, uh, always great.
Talking to you, tony.
Thank you so much for joiningus.
Thank you so much for yoursupport of the show and
everybody.
Check out his programimmediately following this and
(40:58):
you can find him on Twitter onlet's see at Rockfin.
Yeah, at Rockfin and also atgive me the address again the FM
At freeworldfm.
Speaker 2 (41:13):
You can listen to a lot of great hosts there live
and, uh, uh, shout out to jasonbarker, who's been doing an
amazing job.
He's streaming your show rightnow on free worldfm.
Speaker 1 (41:20):
Well, that's great.
Yeah, I would do.
We have a link to that on ourwebsite.
We need to make sure we got atleast a link to that.
Uh, so that's great.
I'm glad that he's streamingthat there.
Well, again, thank you, t Tony,and we're going to take a quick
break, folks, and we will beright back.
Thank you, making sense common.
(43:10):
Again.
You're listening to the DavidKnight Show.
All right, and we've got Tony Artabanon after that
brief break from Wise Wolf Gold.
But he has set up DavidKnightGold to take you to Wise Wolf
and of course you can buy goldor silver, small amounts or
large amounts.
You can also set up a savingsprogram there.
With Wolfpack you can determinehow much you want to save each
month in gold or silver and geta group discount as part of that
(00:27):
, and so you can graduallyaccumulate that and he can also
help you if you want to do ametals IRA.
He can help you to set that up.
Great to have you on, tony.
Thank you for joining us today.
Thank you for supporting thisprogram.
Speaker 2 (00:40):
Well, it's an absolute honor, sir.
Thank you for having me back.
I always enjoy our Thursdaychats.
Speaker 1 (00:44):
Well, thank you.
Yeah, it's great to have you on, and in the brief time that we
were talking during that break,you said you heard the question
from somebody about Saudi Arabiain three days.
Is there some kind of magicagreement?
Were you able to find anythingabout that?
Speaker 2 (01:26):
Well, yes and I'm going to be very careful not to
break anything here that isunsubstantiated, because there's
a whole host of blogs out thereand speculation on what's going
to happen on the 9th and theUnited States formed a
petrodollar agreement inexchange for military protection
, that the brokering and allsales of the crude oil in Saudi
Arabia would flow throughdollars, and that's where you
get the term petrodollar.
Speaker 1 (01:37):
And so that was 50 years ago today.
That's interesting.
Speaker 2 (01:41):
Yes, d-day too, june 6th Also anniversary of
Operation Overlord 1944.
And so, yeah, it's expiring onthe 9th and so again, there's
some disinformation.
I don't want to lean tooheavily on this.
There's some blogs out thereand some sub-stacks saying that
(02:01):
the Crown Prince in Saudi Arabiahas said that they will no
longer accept dollars.
That's not something I canconfirm.
What I think is going to happenis, if you look at the, I think
the digital currency headlinesout there, saudi Arabia and
China are creating across-border digitized payment
system.
I think that will kind of startoff.
What's going to happen to thefuture is going to be a host of
(02:25):
currencies.
I don't see any evidence thatSaudi Arabia is going to stop
all transactions in dollars.
I think we would know that.
I think that would be, eventhough it's on a couple of blogs
out there.
I don't think that that is thetrue crux of the matter.
I think what we're looking atis that Saudi Arabia is going to
not renew that agreement.
(02:45):
The petrodollar soofficially're looking at is that
Saudi Arabia is going to notrenew that agreement.
The petrodollar, so officially.
Really, the petrodollar is notnecessarily dead, but it's on
its deathbed, it's in hospicecare because these other
currencies and I think it'llprobably be more dominated in
Chinese yuan.
And then the BRICS systemitself.
Let's not forget that SaudiArabia recently joined BRICS and
(03:05):
I think that made it.
I think, really, that really isgoing to accelerate
de-dollarization, david, I meanit's not that it's going to go
to zero, that Saudi Arabia isnot going to accept it, but
they're going to have acompletely new payment system
set up.
So what we've known and what wetalked about as the petrodollar
, I think, is officially comingto end here on the 9th the
petrodollar, I think, isofficially coming to an end here
(03:28):
on the 9th.
Speaker 1 (03:28):
Well now am I mistaken?
Because I thought that SaudiArabia had said they're going to
start settling contracts withChina, for example in the
Chinese Yuan.
Was I imagining that, or didthat really happen, or do you
know?
Do you remember I thoughtthey'd started doing that, but
maybe they didn't.
Speaker 2 (03:43):
What do you think?
I believe that they havestarted doing that, but maybe
they didn't.
What do you think?
I believe that they havestarted doing that and I think
even during this agreement, Ithink they've been setting that
system up.
I think that will acceleratenow more than anything, but it's
not that they won't use dollarsAt least that's what I'm able
to find and we've been talkingabout this for a while.
It's part of the overallde-dollarization, uh, globally
(04:05):
that we're seeing, and it reallyjust, I mean it accelerating
faster than I think.
As you look at the financial,the mainline financial networks
aren't even talking about this.
This is huge, you know this,this departure away from the
petrodollar system.
So no, I I'm again, I don't.
It's not going to go to zerolike they're not going to use
dollars, or iraq has done that.
By the way, the iraqi, theiraqi parliament, uh has made it
(04:28):
illegal to trade in dollars, sothat you know that in that part
of the world that is happening.
Um, but it looks like this islimping along.
I mean, there's going to betrade in dollars, but no, it's.
There's cross-border paymentsset up uh, electronic electronic
systems, electronic currenciesand digitized currencies between
Saudi Arabia and China aregoing on and I think this is
(04:50):
going to be part of that.
It'll be part of the newpayment systems through BRICS.
Speaker 1 (04:55):
Another stellar victory for the American empire.
Our former, the people werescued, don't want have made it
illegal to even take our moneyanymore.
Maybe we should offer a billlike that in Tennessee Make it
illegal to accept any, anyfederal bribery out of
Washington DC.
That would start things goingin the right direction
immediately, wouldn't it?
(05:15):
They don't even want our money.
And, of course, turkey, whichis a NATO ally.
They have declared that they'regoing to join BRICS as well.
So was there a you mentioned,you know, 50 years ago?
Today there's some kind of anagreement.
Now what kind of?
You know?
Is this kind of a handshakebetween uh, I guess we could
call it a handshake between aclown prince and kissinger, uh?
(05:39):
Or or was this some kind of aformal agreement that they
spelled out there that they canjust start to find some wiggle
room or just ignore it?
I guess, maybe, I don't know.
Speaker 2 (05:49):
Was it some kind of a ?
Speaker 1 (05:50):
formal treaty or something.
I believe so Was it Okay, Ijust thought it was kind of an
agreement.
You know if you look it up.
Speaker 2 (05:56):
the petrodollar agreement of 1973 was a deal
between the United States andSaudi Arabia.
In exchange for militaryprotection and advanced
equipment, saudi Arabia agreedto sell oil exclusively in US
dollars, and they call it anarrangement established in retro
dollar.
Speaker 1 (06:12):
We're doing a couple of mafia families there.
The Ttaglias and the Corleonesmade an arrangement there and,
of course, the reason that wetalked about this many times,
the reason they had to do that,was because everybody saw the
fraud that the dollar was notbacking up, not being backed up
by gold, as they had promised,and so they had to back it up
(06:35):
essentially, you know, with withguns, with with the military
equipment for the Saudis, andkeep them in power, because you
know it's a, it's an organizedcrime cartel that's in that
country.
It was a bit of a delayedreaction.
Speaker 2 (06:50):
You know, august 15th 1971, richard Nixon takes us
off the gold standard, closesthe gold window and it doesn't
again.
Not till June 6th 1974, do wehave this official agreement.
I think that was probably theplan all along, because it'd be
more of a floating currency, uh,based off a real-time commodity
, in some ways at least.
So it's not just because thiswas.
(07:11):
That was a huge departure fromthe breton woods agreement in
1944 and again the 1970s.
That's where you getstagflation, you get high
unemployment, uh, inflation andand low economic output, and so
that's what you get.
Also, you get the gold going up2,000% during the 1970s.
Of course, gold didn't reallygo up.
It's the dollar-loss purchasingpower.
(07:33):
But all through that, that'sthe military-backed US currency
argument and I've heard thatbefore like what backs us now?
Well, it's been a host ofthings.
It's really about moneyvelocity.
This is my opinion.
But you go and you look atplaces like iraq, uh, that we
invaded, and I I tell this storyoften like the one of the first
places I was called to at thetail end of the invasion, going
(07:55):
into mosul, they sent me to thebank.
Uh, they said, they put my teamto the bank and said, uh,
figure out what's going on.
Because people were just takingboxes of the Iraqi dinar out of
the bank and the people werestaying there and they were just
basically looting, but theywould go out in the street.
Nobody wanted any of thecurrency.
I literally got to see acurrency die in real time a
paper currency and you thinkabout the departure.
(08:15):
That was 20 years ago, david.
So if you think of thedeparture 21 years ago and I
look at that and how far we areaway from that the apex of
American power and hegemony post9-11, going into Iraq, doing
that, setting up that interimgovernment, all that with Paul
(08:35):
Bremer and all this you lookback now and they don't even
accept dollars.
Yeah, yeah, that's right andthis is a swift fall and we
talked about this last week.
You have to be.
This is on purpose that we losethese deals.
This was one of the reasons that, if you look at the history of
the Cold War in the 1980s,ronald Reagan was able to
(08:59):
bankrupt the Soviet Union andthere's a lot of moving parts
that go into that, but that wasone of the things he was able to
to work closely with with thehouse of sod.
They were able to, you know,have a massive amount of output
of crude oil onto the market.
The main export of the SovietUnion was energy, russia and and
their natural resources.
So a couple with some otherthings.
(09:20):
That was that was deal-making,that was a strategy.
What is happening now?
I mean I know it's an insidejob, but it's pretty incredible
I mean they're not even tryinganymore that you have Biden's
economic advisor, bernstein.
He can't explain what currencyis like.
He was on 60 minutes.
He can't explain you know how,how debt is denominated, all
this stuff.
And he's also arguing he wantsto lose this, that these, these
(09:45):
are the economic, this is thehead economic advisor for Biden
wants to lose the world'sreserve currency status of the U
S dollar, which I don't knowhow, the how does the dollar
survive, david, if it's notbeing used globally?
And again we've.
I don't think that these elitesunderstand or maybe they do the
consequences.
Speaker 1 (10:03):
I think the people running the government
understand.
I think they put in these idiotsubordinates who don't.
And those are the ones that welook at and we think, oh, our
leaders, they don't understandwhat's going on.
Maybe I don't know, maybethey're such traitors that they
would do it anyway, maybethey're so stupid they don't
understand what's going on.
But the people who are settingthis whole thing up do
understand.
The people who are setting thiswhole thing up, do understand.
(10:25):
And and you know, they aredeliberately.
It's kind of like the failingschools right For the longest
time.
People say what is the matterwith the schools?
And I'd say I think they'redoing exactly what they intended
to do.
I think they're deliberatelydumbing down the kids and and
they this, our government welook at it and it's like what's
the matter with it?
Don't it doesn't?
Can't?
They see this doesn't make anysense.
No, I think they'redeliberately pulling the
(10:47):
economies apart in America andin Europe and other places in
the West.
I think it's a deliberate focuson us to rip everything apart.
Speaker 2 (10:59):
I agree.
I mean, I think it's a plan.
America will be the firstnation, I think, ever that will
be brought down artificiallyAgain.
Every nation, every greatempire has a rise, a fall, has
an apex and a collapseeventually.
But this has been accelerated.
You go back and just look atthe timeline.
I get stuck on this.
(11:19):
But if you watch the departureof American greatness and
American power andaccountability, it really just
starts again.
The acceleration point at least, is 1971.
And then that's when we go offthe gold standard and I'm
thankful for a lot of thingsthat happened post Nixon taking
us off the gold standard.
For one thing, it's legal foryou to own gold.
(11:41):
Now you could know it from 1933to 1974, which is interesting.
This is 74 is the year wesigned the agreement for the
petrodollars.
Also the year gerald ford madeit legal for you to own gold.
So again, it was you couldn'tphysically, it was you go to
prison, you couldn't physicallyhold it.
So now you can, so you can beyour own bank.
But you got to understand, likeeverything that's happening with
(12:03):
the government and the idea ofsound money and Liberty and
accountability with with inregards to the monetary system,
that's what props up the deepstate.
That's when we have theproblems that we have Uh,
there's no, there's absolutelyno accountability.
And now that they're, they'redoing this control, demolition.
This is this is the time whenyou really, folks, you got to
(12:23):
pay attention to what this isgoing to happen.
Like David says, it's agradually, then suddenly right,
with Hemingway's quote about therich going broke, I mean it's
gradually and suddenly.
I think we're going to see thesuddenly part and I I try not to
be an alarmist and say, well,tomorrow you're going to wake up
and the dollar, the dollar'snot going to zero, but it is
going to digital.
That's something that we needto really focus on.
(12:46):
It's this is all these thingsthat are happening I think you
know, david, and I talk about.
It's like how could you, even,how would you, let this
agreement lapse?
And when we need it so badly toto to strengthen the dollar as
well?
It's because they're going tocause, put in the, the
environment for you to need orask for a central bank digital
(13:07):
currency.
There'll be a run on the dollar, there will be loss of
purchasing power, foreignadversaries dumping it, and so
they're going to say, well, thisis what you need, just sign up.
Here's your biometrics and allthe rest of that stuff.
So that's the at least that'sthe signposts that I'm reading
from all this, because you can't.
(13:27):
They have to know that they'regoing to lose this status, so
there might be.
And again this Jerome Powell hasbeen raising rates faster than
any Fed chair in history andwe've noticed that, and they're
also very much on the fenceabout lowering rates now because
they have stagflation they have.
They have inflation now, butthey also have an economy that's
(13:49):
failing.
But I think you and I have alsotalked about the Fed.
The Fed will choose the strongdollar.
So there's a, there's a mixedbag and it's probably a lot of
civil war going on in the realmof finance and our dollar, which
will work its way out of thegeneral society eventually.
Speaker 1 (14:04):
You know the Civil War stuff, I agree.
Well, you know, I think it'skind of interesting when they
put in commodities of oil, butalso the other commodity that
was implicit in the petrodollarwas military power.
So those are the twocommodities that we control,
right, and so we control the oil, we control the military power.
Once they put the petrodollarthere, that was based on that,
(14:25):
then they could let people havethe gold, because prior to that
it was implicitly tied to gold,at the very least, and so they
moved these things along and, asyou point out, they're
gradually taking everything down.
Just like Fauci said, how do weaccomplish radical change is
(14:45):
basically what that guy wasasking him at Milken, and
whether you're talking aboutgetting people to take an
untested vaccine or they'retalking about radical change in
terms of our infrastructure andour economic organization, our
radical wealth redistributionfrom the Western governments to
a handful of oligarchs, whenyou're talking about radical
change, you do it from theinside, you do it with
(15:07):
disruption and you do ititeratively, and that's what
we're seeing with all thisradical change.
Speaker 2 (15:12):
Right.
And the question is whobenefits?
Yeah, and certainly not theAmerican people, that's right.
And because this system hasbeen in place so long, you're
going to develop normalcy bias,and I think that's so dangerous
right now because the elites areplanning, they've been talking
about this, they even have aterm for it, you know 2019.
I was talking about, talkingabout the, the language of the
(15:38):
great reset, and, uh, and theworld economic forum.
Uh, by the way, the worldeconomic forum started in 1971.
Same year we went off the goldstandard.
Who knew?
You know?
So, you know, you see, a lot ofthat stuff has followed us into
our present time.
In 1972, we opened china, andthen china was, uh, if you read
pat buchanan's work on him,following nixon opened china, it
(16:00):
was like this backwater, almostlike he was like he called it
like a moonscape, it was just,it was very quiet.
Uh, you know, they had, theyhad nuclear weapons in 1964, but
they were very isolated.
You know the, yeah, the, themaoist regime, even though they
were set up by the rockefellersand rothschild in 1949, it was a
, it was very insulated and theyhad, you know, cross, cross
(16:22):
border fights with skirmisheswith the Soviet Union.
A lot of that was covered up.
But they still had, you know,border disputes between some of
the lands that the Russian czarshad conquered and, you know,
conquered 200 years prior.
But there was a lot of tension.
So when that opened up.
This is where we are now China.
We have this most favoredtrading status given to it by
(16:46):
George W Bush on December 11,2001.
And after that we lost 55,000factories here in the United
States, all this wealthtransferring to China.
But I read a report thismorning.
David is really interesting.
The, the amount of dollars thatchina now holds is a mystery.
(17:06):
There was a going up, the peakwas 2014 and then there was this
decline since that time and nowthey just basically papered
over it and covered it up.
You really don't know how muchof the dollars they actually
hold.
So this is coupled with thefact that China has been
stealthily under radar, which isvery bizarre, buying gold since
(17:27):
the beginning of the century.
I think that's also a tell.
They're setting themselves upwith their economic nationalism,
their manufacturing, whichproduction?
If you listen to the former Fedchair, paul Volcker, when he
talked to Congress back in thelate 80s, he was saying well,
what's wrong with the economy?
You know why is the American?
Speaker 1 (17:47):
economy.
What's wrong with the economy?
I am.
Speaker 2 (17:51):
That's a GK.
Speaker 1 (17:52):
Chesterton thing on it, right, you know what's wrong
with the world?
I am, but he definitely was.
What was wrong with the world?
I am, but he definitely was.
What was wrong with the economy, these Fed chairmen.
Speaker 2 (18:00):
Well, it's exactly right.
Well, he pointed to the factthat the United States had
departed from a productionnation to a consumption nation.
You know that's, a consumptioneconomy is not going to be near
as strong and productive withoverall wealth as a production
economy, so we went away frommanufacturing.
So there's something happeninghere.
The history here is reallybreathtaking.
(18:23):
If you follow finance andyou're a gold bug like me and
followed, you know, preciousmetals and it's all happening
now.
I mean just even the news feeds, it's even.
It's hard for me to catch upbecause so much happening in the
realm of digital currency, butjust this here.
You know we're on the cusp oflosing the petrodollar.
I didn't think it would be thisfast, but there's really no
(18:45):
resistance.
Even the archive stories, David, if you go back, the United
States government isn't puttingmuch pressure on Saudi Arabia to
renew it or to create some sortof deal.
They don't care.
Speaker 1 (18:57):
It's truly amazing.
I mean, you would think thatBiden would go over and at least
, you know, do a sword dancewith him or something like Trump
did.
They could pull out the glowingorb and he could put his hands
on it.
It's like, yeah, all right,we're all together in on this,
but they're doing nothing, noteven a sword dance.
Speaker 2 (19:14):
Well, and have you heard anything?
I haven't heard anything on thecampaign trail from any of
these candidates.
Speaker 1 (19:18):
No, no no, all the all, the truly foundational
existential issues.
They don't care about it at all.
As a matter of fact, you know,when you look at this right, it
was energy, oil, it was militarypower, things like that that
they were focusing.
This thing on, well, as youwere talking about, is to make
the transition from amanufacturing economy to a
(19:39):
consumer economy.
That is a path to poverty andto slavery.
And yet when you look at thegreen agenda and you look at the
Paris Climate Accord of 2015,.
What is that about?
That's about making sure thatChina and India have an
insurmountable advantage interms of manufacturing, because
(19:59):
if they've got cheap availableenergy, nobody can compete with
them.
And that's why we're seeing alot of these.
We're seeing factory afterfactory close, they are the last
steel plant in the UK closing,and on and on.
You see all this stuff why?
Because manufacturing is energyintensive, and if it's energy
intensive, it's going to be donein the places where energy is
(20:20):
cheap.
And so this whole green agendahas been about making China the
manufacturing king and making itso that we can't manufacture
anything, not competitively atleast.
Speaker 2 (20:34):
Well, it's a way to consolidate power too, and you
called it a watermelon that'sgreen on the outside and red
communism on the inside.
That's exactly right.
I mean, this is what the planof the elites in the world
economic forum, whatever youwant to call it.
There's probably a massiveamount of influence too, and I I
probably need to do a wholeshow on this where the
trilateral commission, thecouncil on foreign relations
Relations how much of their handis in something like BRICS and
(20:58):
the foundation of BRICS?
We know that they founded theTrilateral Commission in 1973.
All these years are very pivotal, beginning of the 1970s, going
off the gold standard, openingChina.
Trilateral Commission.
74 is also a very importantyear, not only for this
agreement, but it's the lastyear that the United States ever
ran a trade surplus.
And you got to remember, folks,the trade surplus again.
(21:21):
This is what we had for most ofour history.
There was a reason we werecalled the arsenal of democracy
and the manufacturing marvel ofmankind.
I mean, it's what we, the, thefounding father, especially
alexander hamilton set up atariff system so we would
protect our markets and we builtthings, and so there was always
a trade.
That's how we even paid.
You know David's mentioned thismany times that was our taxing
(21:44):
system.
About 70% of the government,the federal government, was
funded through tariffs.
So foreign imports you had topay a tax to enter our home
markets.
And now you look at thattimeline, david, david, the
going off, the going on, thepetrodollar, but it was the last
year we ever ran a tradesurplus.
Now where does that money go?
So if you're running tradedeficits, that's that's funds
(22:06):
and wealth away from you.
And I remember running for,when I was running for Congress,
I said, well, we're going toreach a trillion dollar trade
deficit and I was laughed at byI think it was the Dallas
Morning News, and I thoughtthat's just crazy.
Well, we hit that and it was.
You know, it wasn't some, itwasn't that much longer after
that.
It's because we continue toconsume, consume and we're based
off of debt and the elites pushthat.
(22:27):
That's.
You know.
We went from a productioneconomy to a consumption economy
and so that's where we are.
All those dollars, though, asI've mentioned, have to go
somewhere.
They and so that's where we areAll those dollars, though, as
I've mentioned, have to gosomewhere.
They don't just float off inthe ether Wealth transfers.
So this large transfer ofwealth has been happening under
your feet for the past 50 years.
That's right.
(22:47):
And now we're just.
I think they're consolidating,that's rearranging the grand
chessboard, all of that.
And the danger here is all ofus just thinking well, you know,
tomorrow will be a lot liketoday.
Yeah, that's just so.
It's not.
It's not going to be.
Speaker 1 (23:02):
And you go back and you look at it and I remember
you had a lot of people who wereall about free trade, you know,
carrying the water for themultinational corporations, and
so this is going to be great.
You're going to be able to look, you'll get everything so much
cheaper.
You know these, these people inChina, they've got nothing,
they'll work for nothing, and soyou're going to get really
cheap goods from these peopleand all this kind of stuff.
And it's like, well, you know,is, um, is that a?
(23:24):
Is that a good thing that we'regoing to use these people as
slaves to make cheap stuff forus?
And then what?
Where?
What is the long-term pictureof this?
You know, we're going to getwealthier as a community.
Think about that as a community.
If we are just doing eachother's laundry or cooking for
each other with restaurants, andthat's really all that's left
to us now are these servicebusinesses as individuals.
(23:45):
You know, if you're not on nota big multinational corporation
on the New York Stock Exchange,what have you got left?
Basically, service businesses.
Now, if you do a good servicebusiness, you can still get rich
, but at the same time, yourcommunity or the country is
getting poorer and poorer.
So you're going to be a bigfish in a shrinking pond.
That's there, and eventuallyyou're going to run out of water
(24:07):
in that pond.
And so that's the directionthat we've been taking as a
community and a lot of thesepeople who sold us this open
trade stuff.
Again, when you go back and youlook at how these things got put
in, at the same time we wentfrom having taxes at the border
to having taxes internally.
(24:29):
We also set up the FederalReserve and we set up the income
tax and all the rest of thatstuff.
That's when we made, you know,essentially the, you know, the
guns turned in on us in the sameway that the guns are turning
in on us now with thesurveillance state and the
police state and the rest ofthis.
They turned that gun on useconomically a long time ago and
you're right talking about the70s, when you had.
(24:50):
There's a big new Brzezinski,when he's starting the
trilateral thing and you know,and they loved him, they loved
his thesis that he wrote alittle bit before that and sets
up the Trilateral Commission andthen, when they switch out
Nixon with Jimmy Carter, theyput him in charge, take over
from Henry Kissinger who'srunning the show.
Then you get ZbigniewBrzezinski running the show for
(25:12):
the Trilateral Commission.
It truly is amazing to watchthis thing unfold over all these
different years and how thesepeople are painting us into a
corner.
And boy, we're in one now andwe're in a tight spot now.
As they said in that brotherwar, the barn's on fire and
they're shooting inside.
Speaker 2 (25:33):
It truly is an end game and, as much as I don't
like that, the fact that this,this plan, that it's been a long
term plan to transfer thewealth and power and the ability
to project power away from theUnited States of America and
it's going to wake up.
You know that quote that'soften attributed to Thomas
(25:54):
Jefferson.
You wake up, homeless on thecontinent your forefathers
conquered because this was aplan that was implemented.
You mentioned the income taxand the Federal Reserve.
I mean 1913 is the fourhorsemen of the political
apocalypse.
You have the 17th Amendment,the direct election of senators
by bankers instead of your statelegislator.
You get the 16th Amendment,which was the income tax.
(26:16):
You get the Federal Reservelegislator.
You get the 16th Amendment,which was the income tax.
You get the Federal Reserve.
But you also get in there inthe incubation stage where we
start moving away from beingeconomic nationalists to a free
trade system.
In 1913, with Woodrow WilsonFolks, all that was set up by
the elites.
This was their plan.
The Cecil Rhodes roundtable,internationalist merging of the
(26:38):
British Empire, the city ofLondon and the United States and
its power, to you know, form aone world government.
And that's where you know.
You know, years later you get,after the end of World War One.
The League of Nations wasrejected because we still had
somewhat of you know, we stillhad some people that loved this
country that were in the UnitedStates Senate and it was
(26:59):
rejected.
But that's where you get theCouncil on Foreign Relations.
They've been working.
It's an inside job, they'vebeen working on this and it's
beyond just human intervention.
This is a spiritual thing.
But they've been working onthis since, well, since the
beginning of the country, butespecially accelerated after
World War.
I I mean and I'll end with this,david, you know the debt of the
(27:20):
US going into World War I, thewar to end all wars, was a
billion dollars and when we weredone with the war it was five.
You know, because now we hadthe Federal Reserve too and they
had hijacked the money supplyand they've expanded.
You know it was five billion.
That's pretty quaint comparedto where we are now, with a
(27:41):
trillion dollars every 90 days.
You know, so, totallyunsustainable.
But you know, watch, watch.
This is monumental.
They were watching theseagreements expire and this is a.
This is the passing of an ageof of the American empire,
american empire, and it'sswiftly eroding.
Speaker 1 (27:57):
Right, yeah, and of course, when you look at China,
they loved China because thecommunist leaders were nothing
but thieves.
You know Marxism is essentiallya kleptocracy from one regard.
You know kleptocracy combinedwith totalitarianism.
So they knew these people werebribable and what they did was
they set up a kind of fascistsystem where you had
(28:20):
public-private partnerships.
You didn't have a businessthere unless you had a Communist
Party partner there, and sothat kind of model that they
used.
They liked China because theycould have their way with it,
and you hear the politicians andeverybody else saying that all
the time oh, I love China, I cando whatever I want to there,
because it's a dictatorship, andthey want a fascist
(28:40):
dictatorship here.
That's what the public privatepartnerships are all about, and
they're the ones who are goingto that.
You know.
You asked before where does themoney go?
Well, we know it goes to theseguys.
They're the ones who get it.
I've got a question for you,tony.
This is from Michelle Obama,and thank you for the tip on
Rockfin.
It said Tony, does the gold yousend me that is larger in size
(29:00):
have less value because it's notas easy to break down and trade
for day-to-day items?
Speaker 2 (29:08):
no, uh.
Well, I think what you'rereferring to is there's when you
get gold that is broken intothings like uh half ounce,
quarter ounce, uh tenth out,tenth of an ounce, or even gram
bars.
I gotta put a lot of the grambars in the wolf pack packages.
There's a premium placed onthose.
Just just getting that, likethe, my cost is going to be
(29:28):
higher, doesn't?
It's not like it's not a costI'm passing necessarily on to
you from the mint that's my.
I have to absorb the cost firstand then sell it.
So there's always a higherpremium on fractionalized gold,
as there is on fractionalizedsilver.
It's just the way that metalswork, the minting process and
all of that.
(29:48):
There's always going to be alittle bit more and sometimes a
lot more premium.
It's one of the things that'sgreat about wolfpack.
We buy the the gram bar sheetsand sheets of 100, so 100 grams
of gold per sheet, and what I dois we we put, take those little
white gloves and we break offthe the grams and then repackage
them into a coin flip.
(30:08):
So instead of you paying likegoing online and finding one,
that's an assay that's through.
Like you know, one of the majorretailers will save you, you
know, 10, 15 dollars a piece onthose.
So it's not that it's your gold.
Your gold's worth less if it'sin an ounce form and it's not
necessarily that your gold wasworth more when it's in a, a
(30:30):
fractionalized form.
But you end up paying a littlebit more and I think there's
probably a psychological valueplaced on that.
It's like if you can just tradegrams at a time, I think people
will like that, by the way, andI think that's a, that's a way
that you could, um, handlebusiness, uh, and it gives you
the ability to it's.
It's you.
Speaker 1 (30:52):
You've made that coin divisible so that's the whole
point of why you're paying alittle bit of.
I agree, yeah, yeah, when youget something that's bigger, it
is that you're going to get abulk discount type of thing on
it, right, and if it's smalleruh, you've got some more utility
for it in terms of maybe youknow in the future, if you're
trying to so those those twothings that just kind of there's
, they're, you know, differenttypes of uh that you might
accumulate.
You know you're looking to geta massive amount that you then
(31:16):
can't break down and but you canget a quantity discount on it.
Or you're going to getsomething that you know there's
more more involved inmanufacturing it and more stuff
that has to go into it, moreprocessing but it might have a
little bit more utility for youin the future.
I guess it's just that maybeit's that kind of trade-off,
what else.
Speaker 2 (31:34):
By the way, that's the way I buy a lot of my gold
for myself personally, eventhough I mean, I buy it from
people that come here to my shopor to my place in Denison,
texas, but I, you know, I try tobuy the 10th ounce pieces.
So you know the same things.
If you call me and you want tobuy something, just know that
I'm it's like I'm buying formyself.
I'd think what would I do withthis particular situation.
So it's, you know, that's justme projecting my own strategy
(31:59):
with my customers and, uh, so II told that's a great question
because I have the same, I havethe same thoughts.
Like a 10th ounce gold,krugerrand.
I love Krugerrands.
Um, you know, south African,it's part of the bricks nations,
it's probably a good hedgethere.
You can usually get a good dealon them.
They're not, uh, there's thepremiums on their mark like, uh,
american Eagles.
So I like to, I like to savethose, those Krugerrands.
(32:21):
I like the 10th ounce pieces.
Matter of fact, I got onelittle gold with you just in
case, like a backup.
You can always do that withjewelry.
Speaker 1 (32:34):
If you want to go on a plane, the TSA will always
steal it from you right?
Wait a minute, I had thisbasket.
Where'd that go?
Speaker 2 (32:44):
Yeah, wear it.
Speaker 1 (32:46):
Don't put it in your bag, the touch it and steal it.
Authority that's what the TSAstands for, I guess.
So what's going on?
Other things that are happening, any specials or anything?
Speaker 2 (33:00):
like that that's going on at Wise Wolf you want
to let us know about.
Well, so we're working onpayment systems.
I've had a lot of people reachout and I heard you on David
Knight talking about the newpayment systems, working on that
, where you can do ACH it's forsome of the larger tiers or
one-time purchases and I'mworking on being able to accept
major crypto.
Uh, on wolfpack, so you can goon and get in the shopping cart,
use bitcoin or ethereum.
(33:21):
We should be announcingprobably this time next week
when I'm on with you again,hopefully we'll be announcing
that.
So that'll be really exciting.
Oh, yeah, uh, and and we've gota lot of great, great products
uh, going out on wolfpack.
If you haven't checked outwolfpack, go to davidknightgold
and, uh, look at all the thingsthat you can set up and the
automatic.
You can do one-time purchasesand we buy your medals for you.
(33:44):
Um, so, the more we've gotclose to we're getting close to
like 1200 people.
So we've we've expanded ourreach there a bit.
I got like 700 five-starreviews.
So if you haven't joinedwolfpacker, you've been on the
fence about it uh, especiallywith this going off of the
petrodollar, uh, save somesilver, get some gold, uh, you
know, and and with us you'regonna get quality products
(34:07):
delivered directly to your doorand and all that certified, and
I buy free.
I buy for you like I buy for me, just so you know.
Speaker 1 (34:13):
Yeah, what would Tony do?
That's what you're thinkingwhen you're making the purchases
.
Well, you know, as GeraldSlenty will always say, he says
I don't predict the future, Ipredict trends, and we know what
the trend is for gold.
We don't know when it's goingto happen, when the price is
going to go up exactly or godown, up exactly or go down, but
we know what the trend is forthe dollar and we know what the
trend is for gold, and so that'sall you need to know, to know
(34:34):
that you need to startaccumulating gold and silver.
Thank you so much, tony.
It's always great talking toyou and you got your show is
going to be following.
I've got another question here.
I think this is from Atomic Dog.
He said David, gold has gone upabout 32% over the last two
years.
What does your gut say aboutthe future price increases?
Is 3,000 likely within the nexttwo years?
(34:56):
I saw something the other day,and I don't remember what the
time period was, talking aboutgold.
Maybe it was longer than twoyears, but it had gone up quite
a bit.
What is my gut feeling about it?
Well, well, let me ask you,tony, what's your gut feeling
about it.
We're not making predictionshere, but we're talking about
the trend.
You know if we got any.
I know that there's a lot ofbanks that have picked $2,700,.
(35:19):
You know, by the end of thisyear, beginning of next year,
several of them have picked$3,000.
And, of course, you've got somewild outliers that go really
high, just like you see withbitcoin predictions and things
like that.
What do you think?
Speaker 2 (35:33):
well, I think just conservatively, go back to 2020
and city bank was expectingthree thousand dollar gold.
Uh, during that time that Ithink the second quarter they
were talking about 2021, 3000there's been a lot of
disruptions in the naturalprogression of what gold's value
is.
You gotta understand.
This is warfare, folks.
This is yeah is a very you know, this is fourth-dimensional
(35:54):
warfare.
You've got the United States'central bank is at war with gold
.
That's why they don't buy it.
That's right.
Speaker 1 (36:02):
The West isn't buying it.
It's not simply market forces.
You've also got, you know,active manipulation.
Speaker 2 (36:09):
Active manipulation.
Again, there's a revaluation ofcommodities, even things being
denominated in dollars, and Ithink one day we'll look back
and wonder what does that evenmean, that we were denominating
all this stuff in dollars?
It is crazy, you know.
Gold is really.
If you step back from it, goldis the world's reserve currency.
(36:30):
It's supplanted the dollaralready, you know, and I think
the final nail in the coffin was2022, with the invasion of
Ukraine by Russia and thesanctions that were placed to
blow back from that, and so Ithink that gold, it really is
the world's reserve currency now.
So what happens with it beingdenominated in dollars?
That's a great question and Ithink, if I'm betting on
(36:54):
something I think, easy threethousand dollar gold in the next
24 months, I don't think that'sreally a problem.
It could be much higher.
I mean, honestly, would anybodyblink at five thousand dollar?
You know, an ounce gold?
Probably not.
But if I'm understanding whathappens when the price goes up,
(37:16):
it really slows down all thethings that I do.
You would think it would speedit up and there would be like
some windfall, but it reallydoesn't.
It's a really crazy time, likeit takes me about two weeks now
to get paid on a certain type ofitems, especially the larger
gold items, even though theprice is up, I usually have to
sell them to the trading house.
It's taking a long time forthat to be evaluated, to be paid
(37:38):
for, so everything is sloweddown and I think it's like
choking out some of the becauseyou know you're dealing with
more dollars.
There's more risk that happensif you're holding that much more
.
So you've got to understand allthe factors that will happen.
So I don't pray for higherprices.
By the way, I don't think that'sa good thing right now.
I think it's right.
I mean right.
Where we are is crazy.
(37:59):
So this is the you know it'shit its all time.
Gold hit its all time high inthe last five times or something
like the last four months.
So we are we are on atrajectory of a bull market for
gold.
But I don't think it's just abull market.
I really think it's agenerational shift for the
world's reserve currency of thedollar status moving away,
de-dollarization and revaluation.
Speaker 1 (38:20):
Well, you know, we've talked about Zimbabwe, for
example.
You know the Bax case in moderntimes, a trillion dollar
Zimbabwe note and all the restof the stuff, trillion Zimbabwe
dollars.
They did the Ziggy, theZimbabwe gold thing, and it's
actually gaining against the USdollar.
How bad is that?
(38:42):
When the US dollar is fallingagainst Zimbabwe's currency,
it's up 2% over the US dollar.
So I said it's having someproblems in the country because
there is a big black marketthere competing in a lot of
different ways with thegovernment's currency.
But internationally, you know,people are liking it again
because they supposedly tied itto gold.
(39:03):
I guess maybe internally peopledon't believe that it's tied to
gold.
This is the big lie.
How do we know that they'retelling us the truth?
You know, it's like when theyalways tell us a lie.
So but yeah, I think it's goingto be there.
It's the.
It's a safe play.
I'm, you know, when you've um,we reach a certain point in time
and you've been on rollercoasters of investments.
(39:24):
I'm not interested in anyroller coasters at this point in
time.
I'm too old to ride them, youknow.
So I'm looking for something'sgoing to be kind of slow and
steady and stable and physicaland all the rest of these things
that gold and silver are.
That's just my personal opinion.
I you know the stock market isdoing really well, but it's like
(39:45):
you know just a couple ofstocks that are doing it.
You know, first it was seven,Now it's only about four stocks,
and it's focused on AI and it'sfocused on NVIDIA and things
like that.
These are things that are kindof fads, and I've seen a lot of
fads come and go.
You know, as these people aresetting up their global conquest
, what were we doing back in the70s?
(40:05):
You know people were dancing todisco and wearing bell bottoms.
You know it's like what do weknow?
It's kind of crazy, Uh, and howuninformed we are about what
these movers and shakers aredoing in the background.
Um, so, uh, you've got aprogram that is coming up
following this one.
Is that correct?
Oh, yes, sir.
Speaker 2 (40:24):
Uh, just at 11 AM central time.
Arterburn radio transmission.
I'll be live on a rock fin onthe america unplugged channel
and my twitter at 20 r tonyarterburn and a couple other
places.
Free worldfm as well.
Speaker 1 (40:36):
Yes yes, good, yes, and I think we still need to get
there um on free someday.
Yeah, someday we'll get ourtech uh changes done.
It's so much stuff on a regularbasis it's hard to get
something.
I understand.
Uh, all right.
Well, uh, always great.
Talking to you, tony.
Thank you so much for joiningus.
Thank you so much for yoursupport of the show and
everybody.
Check out his programimmediately following this and
(40:58):
you can find him on Twitter onlet's see at Rockfin.
Yeah, at Rockfin and also atgive me the address again the FM
At freeworldfm.
Speaker 2 (41:13):
You can listen to a lot of great hosts there live
and, uh, uh, shout out to jasonbarker, who's been doing an
amazing job.
He's streaming your show rightnow on free worldfm.
Speaker 1 (41:20):
Well, that's great.
Yeah, I would do.
We have a link to that on ourwebsite.
We need to make sure we got atleast a link to that.
Uh, so that's great.
I'm glad that he's streamingthat there.
Well, again, thank you, t Tony,and we're going to take a quick
break, folks, and we will beright back.
Thank you, making sense common.
(43:10):
Again.
You're listening to the DavidKnight Show.
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