March 6, 2025 • 49 mins
The inclusion of ADA, SOL, and XRP alongside Bitcoin in Trump's proposed strategic reserve has sent shockwaves through cryptocurrency markets and raised alarming questions about the true intentions behind this initiative. Tony Arterburn of Wise Wolf Gold breaks down why this dramatic shift contradicts the original vision outlined in Nashville last summer.
"If you wanted to tank the idea of a Bitcoin strategic reserve, this is the way to do it," Arterburn states, highlighting the fundamental differences between decentralized Bitcoin and these corporate-controlled alternatives. While Bitcoin remains trustless and permission-less, the newly included cryptocurrencies all lead back to companies, boards of directors, and venture capital firms – with Ripple still controlling approximately 80% of all XRP tokens.
The conversation explores a troubling possibility: this initiative may represent a stealthy approach to establishing a government-controlled digital currency system through public-private partnerships. Despite promises that "there will never be a CBDC as long as I'm president," the focus on transaction-oriented cryptocurrencies suggests otherwise. As Arbin notes, "This has nothing to do with the strategic reserve. This is a hijacking of technology."
Meanwhile, physical precious metals continue showing strength amid the uncertainty. Central banks ordered approximately 1,048 tons of gold last year, continuing a multi-year trend of significant acquisitions, while the silver market faces a 215 million ounce deficit. These developments, coupled with Jim Rickards' revelation that Federal Reserve gold certificates from 1934 may claim more gold than the U.S. officially holds, paint a concerning picture of our financial foundation.
For listeners concerned about preserving wealth in these uncertain times, Arterburn offers practical solutions through Wise Wolf Gold, including innovative Bitcoin services with no fees when converting to precious metals. The message becomes clear: in a world of institutional distrust and chaotic policies, physical assets remain the most reliable store of value.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
All right, and we have Tony Arbin of Wise Wolf
Gold joining us and Tony haskindly set up DavidKnight Gold
to take you there as well Alittle bit easier to remember.
It lets him know that you'recoming through us and it's
always a pleasure to have Tonyon.
We were just talking during thebreak and he's got some
interesting updates to theSovereign Wealth Fund.
But I want to begin with theBitcoin Reserve, which was
(00:32):
something that Trump dropped atthat Nashville thing that you
went to last summer, I guess itwas and now it's come to
fruition and they're going tohave their first meeting
tomorrow.
It's come to fruition andthey're going to have their
first meeting tomorrow, and wehad a surprise announcement
earlier this week with somestrange things added to it.
He didn't even mention Bitcoinand everybody's going.
(00:53):
What's going on?
What's this?
A Bitcoin reserve?
I mean, what do you think aboutthese other cryptocurrencies
the ADA, the SOL, the XRP?
Speaker 2 (01:02):
What is your take on that?
Well, if you wanted to tank theidea of a Bitcoin strategic
reserve, this is the way to doit.
If you want to, what you do isyou throw these other coins in
there that really I don't haveany idea why they'd be included,
like Cardano.
Why is ADA in there?
Xrp?
You know this is Well they dohave some connections to Trump.
Speaker 1 (01:35):
You know, if you look at this stuff, some of his meme
coins and other things likethat.
Speaker 2 (01:37):
There's some connections there that you know
looks like what we're startingto see a pattern of just in your
face graft and corruption.
It's just the worst ideas thatcould be tagging along with what
you know.
When I was at the Bitcoinconference in July, you know you
had RFK Jr speaking and heactually is very strategic with
his plan with you know, for ifhe was going to be elected, that
(01:57):
he would have the Treasuryorder to buy 500 Bitcoin a day
to put us on parity, where wehold about 18% of the world's
Bitcoin, roughly like we do thepercentage of the world's gold,
and that made sense to me.
I don't even know what thislooks like.
I mean, you're talking.
These are private companies.
The thing about Bitcoin thatyou know.
Again, if you're not, you know,really into crypto like I am, or
haven't been in the space since2016,.
(02:18):
It's the only crypto out therethat is decentralized truly, and
you can talk about its originstory or what it was meant to do
or some of the coding that gotput in in 2017.
And that's a side argument.
But all these other cryptoslead back to a company, a board
of directors, venture capital,so it doesn't make any sense at
(02:39):
all.
The United States it holds goldreserves and it has some
foreign currencies that it holds, but to my knowledge it doesn't
hold stocks or anything likethat.
I mean this would be a completedeparture.
These other cryptos are not likeBitcoin and, of course, even
the Bitcoin argument itself.
(03:00):
I'm happy to talk about thatitself.
I'm happy to talk about that.
Maybe it's not the best idea inthe world, but charging the
American taxpayer to buysomething that is a
decentralized electroniccurrency, perhaps that's not a
good idea.
I mean, we can argue that.
But you add all these otherentities in and I just shake my
(03:21):
head.
I'm like, where did this evencome from?
Because you know the after theinauguration, bitcoin went to
one hundred and eight thousandand it's all time high.
So far, it's dipped back downinto the almost low 80s, I
believe, in the last few weeks.
Because where's our Bitcoinstrategic reserve?
Where's the BSR and themomentum?
Speaker 1 (03:42):
in crypto has just dropped.
They just dropped the R'scrypto.
They just dropped the r.
They just dropped the r is nowjust bs.
You know to your point of thesethings being, um, uh, privately
held and everything.
The xrp, the ripple you knowit's attached to ripple and they
still have 80 of of the tokens.
(04:03):
The tokens are created all upfront.
They're not mined and they have80% of those under their
control.
And it was Angry Tiger who saidif you look at these things,
they're all about transactions.
All three of thesecryptocurrencies are about
transactions.
And so I went back and I lookedat it in detail.
I talked about it yesterday.
They're all based on proof ofstake.
(04:24):
They're all based on proof ofstake.
They're all based on, you know,just because I say so, right,
we're not doing any proof ofwork or anything.
They're all based on proof ofstake.
They have massive.
If the government was going tohold stocks.
That's a good analogy, tony,what you said.
If the government was going tohold stocks, should they go out
and buy stocks that are 80%owned by that company?
You know it doesn't make anysense.
(04:46):
And yet when you look at thetransactional status of this and
what XRP and these others wereset up to do.
You know, some of them areabout smart contracts, some of
them are about NFTs.
They're all proof of stake,they're all privately owned and
centrally controlled and all therest of this stuff.
And as I start looking at this,what it looks like and you know
(05:07):
I've said this from the verybeginning that, yeah, cbdc is
out they know that people aren'tgoing to fall for that in the
United States, so let's do it ina different way.
And they look at it and say, ok, let's rebrand this and let's
do it in a way where we can makea fortune out of this thing.
And that's what I think hasalways been in the.
You know, whether the personnelthat he's got around him
personnel or policy I thinktheir policy is for these guys
(05:29):
to make a lot of money withtheir stable coins, with their
pump and dump stuff.
And I look at this with thisbeing focused on transactions
between institutions andtransactions across countries
and stuff like that.
To me this looks like the stepnumber one of CBDCs.
They would always do it as awholesale basis, right?
So they'd already started thatin the US.
(05:50):
They said we're going to haveFedNow and that's going to be
how we're going to processtransactions between banks and
then, after everybody getsinvolved in that, we'll go to
FedCoin.
We'll take it to the retaillevel where there'll be a
digital currency for you and Ito use.
But it begins with FedNow,which is a wholesale thing out
there.
I mean, is this like apublic-private partnership for
(06:11):
FedNow?
Speaker 2 (06:13):
I think you're right, david.
What other argument could youmake at this point?
This has nothing to do with thestrategic reserve.
This is a hijacking oftechnology, in my opinion.
You look at, what they'retrying to do is have a
public-private partnership withthe technology of crypto.
They just listed all the majorcryptos and that makes no sense
(06:34):
whatsoever.
This was supposed to be anadministration that was going to
deregulate crypto, not take itover.
This was supposed to be about.
This is the Bitcoin presidencyand perhaps make Bitcoin a
strategic reserve because ofBitcoin's nature and what
Bitcoin is supposed to be.
These other coins have.
(06:54):
I mean there's somefunctionality there.
There's smart contracts, xrp,you know, delivering financial
transactions between financialinstitutions all that stuff that
could be argued that it hasfunctionality, but that has
nothing to do with what.
The whole premise behind the,the Trump announcement in
Nashville these other coinsweren't mentioned and he did say
(07:17):
in Nashville I watched him.
He said there'll never be aCBDC as long as I'm president,
and I've thought about that, youknow, because I know Gary
Kushner's role and you know, Iknow Steve.
Mnuchin, yeah right, and I'm notlooking at Trump the way the
other people in the crowd areeither, and so this starts to
(07:37):
make more sense.
I wondered what was going tohappen, and now I think that's
why a lot of the steam has runout of this euphoria and we call
it Trump euphoria after theelection and people selling off
their gold and silver andgetting into the crypto markets.
And Bitcoin did go up and itwent up to one hundred eight
thousand, and I think it will.
It will start to slow climbagain, but that has almost
(08:01):
nothing to do with the Trumppresidency.
I think it's just more and moreadoption worldwide and I think
maybe the two things can getconfused.
But the adding of these cryptoscertainly is a red flag.
Even those are cheerleaders inthe crypto space.
I listen to a lot of podcastsand even they're going.
What is happening?
This is not good for theindustry, this collusion between
(08:24):
government and the privatesector.
Speaker 1 (08:26):
Of course, it wasn't good for the industry when Trump
made so much money off of hisTrump coin and his Melania coin
either.
I mean, you know that startedto make the whole thing stink
like a pump and dump scam, whichI talked to Catherine Austin
Fitz this week.
She said she's absolutelyconvinced that's what it all is
is a pump and dump.
And to you know, to keep thisthing rolling, this thing
rolling, the end game for a lotof these people was to always
(08:47):
try to get governments involved.
That was the next stage.
We can get the governments tohold Bitcoin or whatever, and so
that's the ultimate dump itover to the government and then
we all sell out at the top andthat type of thing.
That has always been my concernas well when I look at this.
But you know, getting back tothe fact that you were just
talking about how he's going tothrow in all these different
(09:08):
cryptos and who knows how manythey're going to put in right,
and to me it looks very muchlike what he's doing with all
this tariff stuff.
You know, I talked about thetariff.
I said you look at ithistorically, you look at the
tariffs and they're either thereto protect specific industries
no, that's not what this isabout or they're there to raise
revenue, which is what Jeffersondid.
He cut the size of government.
(09:28):
He said now we're just going torun the government off of
tariff revenue.
No, it's not about that.
Instead, it's targetingcountries and he's got to roll
it back within a day or twobecause of the total chaos and
damage that was going to be doneto the automobile industry,
because things are going backand forth, back and forth over
the border.
Because, why?
Because he had already set thatup in his first administration.
(09:50):
The USMCA approach yeah, putyour stuff through Mexico,
canada and the US USMCA, so theystart doing that.
Now he's going to come in andhe's going to create chaos with
that.
It's like a pattern, tony, thateither they don't know what
they're doing or they'redeliberately trying to sabotage.
I mean, they were at the point.
Is he deliberately trying tocreate a recession, say some
people.
Is he deliberately trying tosabotage this stuff?
(10:13):
It doesn't.
There's no focus on thisBitcoin reserve, just like
there's no focus on the tariffstuff.
Creative destruction comes tomind.
Speaker 2 (10:25):
So wrote.
So you, while you were talking,I just remembered going back to
2015 and I got invited to seeTrump, you know, speak in Dallas
.
This was at the Americanairline center and he had just
hired Katrina Pearson and we.
We ran for Congress at the sametime in different districts and
I knew who she was.
Anyway, I got tickets, I was inthe front row and Trump came
(10:48):
out and I'd been running oneconomic nationalism.
I think I understood it and Ithought this is really
revolutionary.
He came out and I've got it onmy phone still, I recorded him
saying it.
He said that you know, when I'm, if I'm, elected, I'll just
call up the CEO of Ford MotorCompany.
(11:17):
No-transcript.
Well, we're a long way fromthat.
We've had the previous Trumppresidency and we have this one.
You're right, economicnationalism is either about
protecting, having protectionism, which was the later goal in
the 19th century, but early onit was about raising revenues.
(11:37):
There is a strategy here andit's not about either, or
because those and you mentionedthe USMCA and it really was a
codifying of NAFTA with a bunchof new tech stuff put into it.
I remember because I wasfilling in for you back in 2019,
(11:58):
2020, and they were talkingabout this as it ramped up at
the end of his first presidency.
So this is a really strange timeand it's hard to figure out
what the actual goal is.
Weaponization of the dollar byother means, with threatening
BRICS with 100% tariffs it trulydoesn't want.
This is like, again, the recipefor an economic downturn.
(12:23):
If you wanted to do that, ifyou want to shock the system,
and that would create, maybe,the opportunity for price
controls, david, or something,or the seizure of different
aspects of the economy, because,hey, things are shaky and this
is a national security.
There's something to this.
(12:47):
I I don't even see anymore anysort of patterns for why this
would create a a robust uh, youknow production economy.
Yeah, because you're, allyou're causing is uncertainty.
Now, if you were to say youcould announce tariffs on
certain things and you know, patbuchanan covered this a lot, uh
, in his work, and I've studiedit for years and years I mean,
and I know these numbers byheart If you, if you put a 25
percent tariff across the boardon manufacturing you're products
(13:11):
and you don't seek outcountries and you don't play
favorites, it creates basicallythe same amount of revenue
generation as the corporateincome tax.
So you could abolish thecorporate income tax and then
you could incentivize companiesfrom around the world to move
here and build things and avoidthe tariff and, of course, not
(13:35):
pay taxes.
Speaker 1 (13:36):
Well, he's not going to do that because they've
already agreed.
Speaker 2 (13:37):
That's not what they're talking about.
Speaker 1 (13:39):
And they've already agreed.
You know they had the agreement.
The Biden administration andthe US government and all these
different countries got together.
G7 said we're not going to haveanybody do less than a 15%
income tax rate.
So he's not going to pushagainst the globalists.
He's going to abide by theirscheme there, so he's not going
to get rid of the corporateincome tax.
I mean, that's one of thethings I think is interesting.
Mav 2022 says Bitcoin isn't acoin.
(14:02):
Let's start there.
It's a reward for a machine tocomplete a task.
And that's one of the thingsthat Catherine Austin Fisk was
saying.
She said I get having a goldreserve, I get having a
petroleum reserve, but you knowwhy do you need to have a
Bitcoin reserve?
It's speculation, you know,it's like a stock and it just
(14:24):
doesn't make any sense that youwould make a reserve out of that
.
Speaker 2 (14:28):
Well, I mean for my own philosophy.
When Texas tried to create adigitized gold-backed token, I
oppose that because I always askthe question why does the state
need to be involved in money?
You know, I look at the Bitcoin.
Now that Trump has announcedthis dilution of you know what
(14:52):
would be a strategic Bitcoinreserve, I no longer support any
of that.
I don't understand it.
Maybe there was especially onthe people who came up with the
idea maybe good intention, butthey were long past that.
So this is something completelydifferent and there's something
else going on here that hasnothing to do with stabilizing
(15:13):
our economy.
Clearly, I mean, this is just afunhouse mirror version of that
.
There's no strategy in this day.
Well, I think there's probablystrategy, just not for, you know
, to prop up the us economy oh,I agree.
Speaker 1 (15:25):
yeah, I mean, you look at lucky lutnik and you
look at scott, at the besant guyyou know, and you know one of
them is involved in uh, comingafter the british man with ge
Soros, and then the other guyand all of his financial
background is one scam after theother.
I've got a question here fromDG8 for you, tony.
He says please ask Tony aboutXRP, the Ripple thing being the
(15:49):
only crypto listed as a businesspartner of the World Economic
Forum.
Was the whole SEC case againstXRP Ripple a fraud?
Speaker 2 (16:03):
Well, the SEC in and of itself and its war on crypto.
Yeah, I mean, and this may be away that you can control it
from inside and make sure thatthe price stays stabilized for
accumulation or whatever.
I mean, these are ways thatthey pump and dump and or they,
you know they'll have a likeJamie Demon's done this before
(16:25):
of JP Morgan, where he's comeout and and bad-mouthed you know
, all of Bitcoin.
I remember this 2018 timeframe.
I mean, he came out and justand criticizing his daughter for
having it.
Yeah, yes, I mean just went andhe's done this a few times and
then, you know, the next dayit'll it'll tank and then
they'll see some accumulationand all of a sudden it'll come
back up and they do this kind ofstuff.
(16:46):
So they have ways to createthis narrative for you and I
cause we're not the insiders, wedon't.
You know, like George Carlinsaid, it's a big club and you
ain't in it.
You have to get to these, likeif you, I see I follow a lot of
stuff with crypto, obviously,but I look at some of these
other trading platforms andthings and people that are
trying to get, make money, youknow, get rich with it, and it
(17:10):
is interesting because it's allabout the pump and dump.
There's really thefunctionality and the coins
aren't really there for the mostpart.
I mean especially the memestuff.
Like if you ever, I was on withAngry Tiger last night and I
said, if you ever see mepromoting a meme coin, I've been
.
That's not me, I'm the cloneand don't trust that person.
Like, that's not me.
(17:30):
I just wanted for the record.
I would never do that Because,again, what purpose does it
serve?
I have a Bitcoin company and thereason I've been in Bitcoin
since 2016,.
Do I know everything about it?
No, it's impossible.
I don't know everything that Icould know.
I just have.
From everything I've researched,I believe that it's a
(17:50):
functional mechanism foreconomic growth, at least for an
individual, where you couldhave a way to hedge against
inflation and uncertainty.
It's not exactly preciousmetals, they're different things
, but I'm not touting any ofthese other coins because of
what I mentioned earlier theseinsider deals and who knows who
(18:13):
has ties to the, to the worldeconomic forum or Davos or or
whatever, uh, or government, andnow we, now we're just all the
lines have been completelyblurred and the conference is
tomorrow.
David, they're doing it towatch, Um, so now I, I think the
crypto, uh, this, thisexplosion of interest and all
this stuff, that, all the hopeand everything that was in the
(18:36):
it's, it's dimming, uh, becauseof, because of this, and maybe
that's on purpose too, um, sothat I think we're starting to
see, um, it, you know the, whatcould be the, the blueprint for
the cbdc, the way that theywould do it in a public private
partnership, which, if I remindpeople that is fascism, yeah, oh
yeah, oh yeah, absolutely yeah.
Speaker 1 (18:56):
You know it's not any coincidence that when you look
at things to come, or you know,based on the book, the shape of
things to come, that they comeacross as kind of fascist,
because that is, you know,economically they are fascist
and they want to tell everybodyelse they're elitist and they're
fascist.
If you look at these technocrats, uh, but you know, when we talk
about, um, the, the corruptionthat is there, yesterday I
(19:17):
talked about the fact that, um,this one guy his name is justin
sun s-u-n, 34 years old.
He was the guy that famouslywent to hong kong and some
artist had, uh, put a banana onthe wall.
Remember that, with duct tape,he bought it for six million
dollars and then, with everybodytaking pictures of him, he took
it off the wall and ate thebanana and then he put a lot of
(19:41):
money into Trump's worldfinancial thing or something
that this other crypto schemethat Trump has personally going,
and immediately the SEC, whichis investigating him on multiple
pump and dump issues,immediately stopped.
And I guess my question is arewe going to a banana republic?
Speaker 2 (20:02):
I'm going to eat that banana.
Speaker 1 (20:04):
It's based on crypto, and are we going to be eating
the crypto banana republic whenthis pump and dump thing goes
sideways on his?
Or maybe we could call thembanana republicans, I don't know
that's good.
Speaker 2 (20:18):
Well, I think a lot of this is.
Perhaps it's a sideshow,because the rest of the world if
you look at who'scrypto-focused, it's not the
rest of the world.
I mean, there's other countriespopping up and I do.
Again, this is a mixed bag forme.
But if you look at Bitcoin,like El Salvador, they recently
bowed to the IMF and, yeah, it'sstill a legal tender there.
(20:40):
The IMF said you're not goingto do this the way that they'd
had Bitcoin set up previously,and they backed off.
Speaker 1 (20:47):
And why do you think the IMF would do it?
Why would the IMF threaten themover the Bitcoin stuff?
I mean, is it because the IMFis so heavily involved with the
central banks and they see it ascompetent?
What's your take on that?
Why would they do that?
Speaker 2 (21:00):
Well, because it's outside of their control, and
this kind of goes back to whatwe were talking about.
Why list all these other coins?
Well, it's interesting becauseyou know you can control all
those other coins absolutelyeasily.
I mean it's because you knowthe founders, the founders, you
know the people on the board.
You know everything Bitcoin is.
You can't.
But if you want to control theBitcoin, what you do is you know
(21:23):
you create this environmentwhere BlackRock buys the supply
and then you can own it throughthese ETFs, and then you start
regulating how the wallets work.
Then you start saying, oh, your, oh, your own keys.
Well, we don't really supportthat.
That's that's more moneylaundering and things.
Yeah, and so you, that's howyou hijack bitcoin from the
inside and you say, well, we're,we're so crypto friendly, we
(21:44):
put all these other cryptos andI'm starting to think you know
this is how that plays out,because you know it's.
You know a lot of people wouldjust argue that bitcoin itself
is fake.
And I haven't got, I'm notthere, I don't see that.
But that's how you, this is thecaution in that.
I mean, it's really to to, toadd all these other things.
That's that's to me is thethreatening part.
(22:04):
And the IMF, you know.
Again, this is why Bitcoin, Ibelieve, is still an enemy to
the, to the bankster class,because they don't have control
of it quite yet, to the, to thebankster class, because they
don't have control of it quiteyet.
And so if, if this gets awayfrom them, if other, that's
what's called game theory in thecrypto space for Bitcoin is
that once it gets nation stateadoption at some level, it'll
(22:27):
just be a rush to who cancontrol these.
The supply and and and miningwill be strategic, which could
very well turn out to be true,but we live in an upside down
where it's not free marketanymore at all.
I mean these are contrivedthings.
I mean we have central banks,we have the oligarchs and all
(22:48):
the things that have infiltratedour politics and reality, so it
would be hard to in a perfectworld.
Obviously, this libertarianthought you know you're
libertarian, well, I used to be,I'm pretty, I'm pretty close
but they lose me on some things,especially when you get into
the fantasy of this is howpeople act, because that's not
what, that's not how realityworks.
I mean, this is right, it's agood theory, but I think I think
(23:12):
that's what's playing out rightnow is that we've still got the
Bitcoin technology, but how dothey wrap their tentacles around
it?
It looks like they're doing apretty good job so far and even
got a few things past me.
I really thought they weregoing to have a Bitcoin
strategic reserve until theythrew this out there.
It's really bizarre.
These other coins I keep goingback to that.
(23:33):
My mind just can't get awayfrom that that they added those
other coins, and justnonchalantly, by the way, oh,
yeah, and didn't mention Bitcoinuntil everybody complained
about it.
Speaker 1 (23:42):
He goes oh yeah, bitcoin and Ethereum they're
going to be the heart of it.
I wonder, though, tony, youmentioned BlackRock and their
ETF stuff and everything.
Now BlackRock is good.
It's amazing to see Alex Jonesand all these other people
cheering this that you knowbecause they bought two what is
it?
Two out of six of the portsdown in Panama.
Now it's American owned, andall the rest of stuff, and it's
(24:02):
owned by BlackRock.
Aren't we happy about that?
I was saying yesterday thatBlackRock and Larry Fink is kind
of like the Moriarty ofeverything that these people
hate.
You know all the differentlines of the Web.
You know, go back to this guy,and now he's the hero that Trump
has put out there.
You think BlackRock's going tobe managing the Bitcoin research
.
Can we make a prediction?
Speaker 2 (24:26):
Will it be BlackRock that gets to manage all the
Bitcoin reserve?
Yeah, we're going to get rid ofMonsanto.
Here's IG Farben.
We hope you enjoy.
I mean it's just.
Speaker 1 (24:33):
Yeah, is Trump going to do that, or is he going to
put BlackRock in charge?
He's going to put Bill Gates incharge?
Either way, if he does it,it'll be a great thing, you know
people have short memories.
Speaker 2 (24:42):
This is the team sport.
It causes brain damage.
No-transcript.
(25:11):
When I hear Larry Fink talkfrom BlackRock I rock I don't
think, oh, that's my ally.
He really wants a free market,you know, uh, I just listen to
what he says, and so a lot oftimes, you know, he's talked
about changing behavior and thisis something he's did many
times, oh yeah he's at thecenter of all this behavior
through the financial system.
(25:32):
That's esg folks.
That's right.
Speaker 1 (25:34):
That's right and he's at the epicenter of all that.
But it's a good thing now thatTrump has and of course it's a
Trump pressure, you know I wastalking to Mark Hall, who lives
down there most of the year.
He said you know, they hadalready their internal revenue
equivalent, had already startedauditing that Hong Kong company
(25:55):
in order to put pressure on themto sell.
And so this is a pressurecampaign conducted by Trump and
Rubio and his administrationagainst Panama to put pressure
on this company to get them tosell for the benefit of
BlackRock.
And now this is a big win.
Oh, it's America first and allthe rest of the stuff.
It's like what is?
Speaker 2 (26:14):
going on.
Thomas Jefferson said it best.
He said merchants have nocountry.
That's right.
Speaker 1 (26:21):
That's right.
Speaker 2 (26:22):
You know, and if you're an entrepreneur and
you're into, you know you take acompany or take something
global.
I completely understand that,but don't be confusing the two.
There used to be the saying wasyou know, what's good for
America is good for GM and viceversa for General Motors.
That's not true anymore.
Yeah, that's right, you know.
Bringing those factories backto Detroit, is that good for GM?
(26:43):
Is that good for America?
The GM's profits have gone downand these corporations are just
(27:04):
off the charts.
It's record intake of capital,oh yeah.
So it's not something good forAmerica, is not good for them at
this point.
So I don't think we're, I don'twant to we do.
This has gotten way out of handwith this partisan politics.
That's where we are and we'remarching straight into this.
(27:24):
The great reset remains.
Have you ever seen the movieindependence day?
You know where they finally usea nuke on one of the, the
flying saucers.
You know the big mothership.
And then they come out and theysay, oh, we think we got it,
and then it's no Target remains.
I think that's the same thing.
After this election, we'restill in it.
It's just by other means.
It's not coming at you directly.
You're right, there's somethingwith that.
(27:46):
I'm wondering when they'regoing to announce the FedNow
crypto system or something youknow through these banks.
You crypto system, or somethingyou know through these banks?
You're absolutely right.
I think you're going to list away ahead of the ball.
Speaker 1 (27:58):
I think I said the other day.
I said maybe they'll call itinstead of CBDC, maybe they'll
call it PPPDC.
You know, public privatepartnership, digital currency.
But let's talk about thesovereign wealth fund.
You know, when I talked toCatherine Austin Fitch, she said
well, you know, this looks likea pump and dump that they're
going to do to pump this thingup and then when everything goes
bust or, you know, it may bethe crypto stuff or, more likely
(28:21):
, it's just, you know, goingbust with the economy and they
say, well, we got to use ourresources.
They claim that they own theland and so they'll sell the
land to these other people.
Everything is for saleCitizenship is for sale, all the
rest of the stuff but theSovereign Wealth Fund.
When we were talking during thebreak before you came on, you
(28:42):
said you noticed something aboutthe Sovereign Wealth Fund.
Let's talk about that.
What did you see?
Speaker 2 (28:48):
Well, the article came out from Jim Rickards, you
know, and he worked with CISAand to the CIA and did these
deep dives into the financialwars and currency wars that are
going on.
That's kind of behind thescenes in this nonlinear,
asymmetrical war that goes on.
So I've read him for years andhe said something in an article
(29:10):
and it kind of just went throughand I was trying to bring it up
because it was so huge.
It put an alarm bell off in myhead.
I didn't know this.
Well, you know, scott Betts isputting together this idea of
the sovereign wealth fund andTrump signed the executive order
to the exploratory committee onthat and to lay that out and
what it would look like.
Well, we all talk about FortKnox you know Knox, with the
(29:33):
gold there, and we talk aboutwhat the United States
supposedly has about 8,133 tonsof gold bullion to back up its
well, not anymore technicallyback up our currency, but to
back up our economy.
It's part of our balance sheet.
Well, something that Rickardsaid and I didn't know, I'm
going to cover a little bit morein my show here in the next
(29:55):
hour or so.
Apparently, in 1934, fdr hadthe Treasury of the United
States write a certificate tothe Federal Reserve giving them
holdings for the gold that theFed had to give up during that
executive order.
So supposedly the Fed had togive up a certain amount of gold
(30:17):
, right?
Well, if you actually read,denominate that in ounces, those
certificates are more than the8,133 tons that we have in our
own reserve for the UnitedStates government itself that we
technically owe the Fed.
And Rickards didn't cover it inthe way that I would have if I
(30:39):
thought I didn't know that.
Yeah, and that's because I'veoften heard, you know, we had,
you know, like 18,000 tonsbefore or right at the end of
World War Two, and then, all ofa sudden, there's this
reallocation and all this stuffthat went on and we opened up
for free trade.
There's a whole stuff thathappened after World War II.
There's a lot of financialmaneuvering, and so this is
(31:00):
another, this is one of thoseclues.
As the world continues to gotowards resources.
That's where we are.
I mean, you know, you can lookat, I think, after Basel III in
2021, when gold was taken to itfrom a tier three to a tier one,
the rest of the world is justalready scrambling to get the
gold, and I think that's just.
(31:21):
Gold is already the world'sreserve currency.
Again, it's just we're talkingabout time and getting off
systems and other things, sothey have to know that here in
the US.
So I think the future is goingto be who has what and the
assets and all the rest.
It's not that the US isn'tgoing to sell its gold or
anything like that.
I don't see that happening.
(31:41):
Or putting into a particularfund, I don't think.
But I do think that there'sgoing to be a lot of exposure.
This is what we have.
A lot of cards are going to beput on the table because we're
in the Great Reset.
Because we're in the great reset, we're still watching a
meltdown of the financial systemand the debt worldwide is
(32:02):
systemic.
It's malignant and there's noway out of that.
I mean, the sheer numbers of itall, david, as you know, are
just so gargantuan.
You can't come back.
There has to be a new systemput in place and this may be the
creative destruction that we'rewatching.
You can't come back.
There has to be a new systemput in place and this may be the
creative destruction that we'rewatching, because there's
nothing to do with strategy,whether it's the tariffs or the
(32:23):
crypto fund or anything.
It doesn't make any sense.
And perhaps it doesn't make anysense for a reason.
This is just chaos for chaossake, to see where things end up
.
And now some of that unintendedconsequence I'm watching very
closely is these bullion banks.
They can't fulfill contracts.
They're starting to the cracksin the system.
(32:45):
It's going to be all over theplace and we're not even we're
just at the tip of the iceberg.
I don't know what it's going todo to prices, but I looked up
before we went live and I'lljust mention this.
You look at silver.
This should be covered on thenightly news.
What's not going to be on thefinancial sector 215 million
ounce deficit last year, so thatthat means all the orders they
(33:07):
had to go, they had to find 215million ounces of the above
ground supply, and so like thisis happening year on year and
the prices remain because of thepaper and all the stuff that's
covered up, that the world isrushing to assets, um, and I
think that's why you see so muchpressure put on these supplies
and the things of metals, and weshall see those little, those
(33:30):
little nuggets of history.
I did, you know.
I find out every, every day,when I look into this stuff.
It's.
It's pretty amazing where westand.
Especially I didn't know thatthe Fed is owed more gold than
we have.
Speaker 1 (33:44):
And so that kind of brings in this whole dog and
pony show about going into FortKnox and looking at this stuff,
which is going to be like a youknow Al Capone's vault with
Geraldo Rivera.
You know, it's going to be oneof those types of deals.
There's no way that they'regoing to audit this thing and
make it meaningful.
I mean, you know, are those,are those real gold bars or what
is it?
You know?
(34:04):
Question is what is theintention with all of this stuff
?
Is it to move everybody tochange public opinion?
That's the whole purpose of itis to change public opinion.
But to what purpose and to whatend?
Is it going to be?
To get everybody afraid thatyou know, we just got this big
speculative bubble and we gotpaper gold and we got paper
(34:25):
silver and we have these otherETFs and derivatives and there's
nothing there, you know kind oflike, which caused the real
estate crash.
Is that their intention fordestruction?
And then do they use that tomove us over to the kind of
great taking, you know where?
They say, yeah, but we got allthis land and we can now put
those assets to work.
That was what Besant said, andDoug Burgum, who is in on all
(34:47):
this stuff as well.
They put him in as interiorsecretary.
What did he say during hisconfirmation hearings?
He said well, we got $200trillion worth of land in the
United States, so they're goingto somehow put that into work,
put that into a sovereign wealthfund or something, and say
we're going to move now from youknow, the fiat currency or even
pretending that we got goldbacking, now we're going to back
(35:07):
it all with the land and maybe,you know, we implode.
What do you think is?
I mean, it's pure speculation.
At this point, you got any ideawhere they're going with this
sovereign wealth fund.
It really concerns me to hearBesant and to hear Burgum making
the kind of comments of theirown, of course, and every one of
these things.
They got Lucky Lutnik standingbeside them.
(35:28):
It's like the three-card Montyguy.
You know he's a huckster of thenth degree.
You know 33rd degree hucksterhow about that?
Speaker 2 (35:41):
I like that.
I read an article earlier thisweek that Deutsche Bank is
putting out some notices andsaying, hey, you know, the
dollar may not be a safe havenin the future, it may be losing
its safe haven status.
And I thought about DeutscheBank.
And if you look into theinsider trading that went on
prior to 9-11, these, you know,shell corporations and kind of
(36:04):
in the periphery of DeutscheBank was some of these entities
that shorted airline stocks andother things right prior to 9-11
.
And they had ties if you reallydrill down ties to intelligence
and goes back to Mossad andothers, and there's millions
that never got claimed.
By the way, I think that totouch it would be to expose
(36:24):
yourself.
So there were some that theydidn't secure, just right.
But you know, this is acontrolled demolition, yeah,
whatever it is.
And you know, going into theTrump presidency with the meme
coin and I just shaking my head,you know, I just this is the,
you can make money on it andthat's only insider stuff, but
(36:45):
it's going to leave the regularfolk holding the bag losing 90%.
You know that.
Going in, why would you do it?
Well, it's the same thing youcould do with a sovereign wealth
fund or something like that.
We're in a post-trust era.
That's another thing.
These institutions lose trustthing.
(37:08):
These institutions lose trust.
That's why things like gold andcommodities and other things in
this era that we're in becomeseven more important, because
that's why the United Stateswe're losing and de-dollarizing
is so rapid.
It probably would have tookanother 100 years had we just
been a good steward.
We could have, uh, the worldrunning on our currency for a
long, long time, but we gotarrogant.
We have to nightstick peoplelike a drunk cop or something.
(37:31):
That's what we do around theworld 40 different say.
It's probably more than that.
I've been saying that for threeyears, but it's 40 sanctions on
36 countries.
Yeah, so we weaponized all thatstuff and so we already know
the con.
We we do cause and effect.
So that's apparent that it'snot working, but we continue to
do it.
So there's an open questionwhether you know they're just
want to accelerate this thing orwhat to do?
(37:52):
A pump and dump.
Maybe they'll create a UnitedStates meme coin itself, like
this is for the country get inearly.
You know the rest of the world.
So I I don't trust anythingthat you know.
This is why I think we lean tooheavily to say well, the United
States needs to go on a goldstandard, go yourself on a gold
standard.
(38:12):
That's right.
We have the opportunity to dothat.
Thank you, gerald Ford 1974,for making it legal for me to
own gold.
You know, I just don't needthem and that's why I oppose the
Texas setting that up.
I don't need them and that'swhy I opposed the Texas setting
that up.
I don't need the state involvedwith that.
Speaker 1 (38:27):
That's right.
See, what happened this lastweek is there's all this
uncertainty about the tariffsand everything.
Stock market goes down.
Bitcoin gets shaky, as well asyou know, because Bitcoin's pump
was based on all this stuffabout the Bitcoin reserve thing.
So you know, you look at thatand what does that do?
You see, gold is still hangingin there strong.
How is the situation right now?
(38:49):
I mean, you were the first oneto talk about that.
I heard and long before I sawanything in the press.
You were talking about themovement of massive movement of
metal back to the US and howit's creating problems in London
and other places like that.
How is the supply looking now?
Is creating problems in Londonand other places like that.
Speaker 2 (39:07):
How is supply looking now?
Oh, it's slowed.
Some as far as, like theclearing out of vaults and other
things that's happened aroundthe world.
I think the next shoot or dropis just the fallout from a lot
of these companies and countriesand funds that will be asking
for physical delivery, and Ithink, not all of it, but it
will be a big chunk that won'tshow up and it will create a
cascading effect of of otherorders.
(39:27):
One of the reasons, like youknow, fdr had a banking holiday.
You remember that, from when hetook over in 1933, he had a
banking holiday and that wasjust for him to get control of
the financial system, becausepeople were going to do a run on
the banks, you know.
So I think that's probablygoing to have a.
There's a, there's a physical,uh, golden silver.
(39:49):
There's a hidden time bomb, Ibelieve it, just people being
able to get access to it and, uhand I watch it very closely I
think supply's okay right now.
I didn't, I still don't I'mnever back to the 2018, 2019
supply levels that I would.
I would find I've never'venever recovered from that.
Um, I can still get things andthat's one of the reasons.
(40:10):
You know we have this multiplelocations now for for me to
supply, like my membership,stuff for wolfpack is just I
need to buy from the public.
I can't necessarily get thesame kind of products, even from
the wholesalers anymore in thetimeframe that I need.
So it is right now I'd say it'srelatively calm, but I think
(40:33):
we're on the cusp of anotheragain, another shoe to drop,
another hitting another level ofthis of the real physical
versus the paper, and this will,I think, be even more exposed
in the currency and trade warsthat are afoot and are going on
right now behind the scenes asthe world continues to lurch
(40:56):
towards gold.
2024, david, was another yearwhere central banks, they
ordered 1,048 tons or so, andbefore that it was another 1,000
.
And before that it was another1,000.
Before that it was another1,000.
This trend continues.
They're concerned about theinstability as well.
Speaker 1 (41:14):
It's very unstable, very unpredictable.
There's a lot of chaos that'sbeing sown in here.
When you see that kind of stuff, everybody runs to gold.
Speaker 2 (41:20):
Everybody wants to go .
It's the way that history showsus that.
That's what it's always beenfor, and, and even in rickard's
article today he was like goldis not just you know.
You could have said, well, it'sa safe haven against inflation,
he goes.
Well, inflation was, what youknow, 10 or whatever, and gold
went up 80 in the last, uh,three years.
(41:42):
So what, what?
What's driving that?
Well, fear, uncertainty, doubt,geopolitical tension, uh, and
the and the reset of themonetary system, the growing
debt, and this isn't whatever.
This is that's coming out ofWashington, is not?
It's, it's not strategy, well,not strategy for building the
(42:03):
economy.
It's something completelydifferent.
Speaker 1 (42:05):
That's right, it's chaos and they're accelerating
it, and so that's why I look atthis and it's like I want to get
off of this train.
As you point out, you can geton a gold standard yourself.
You can do that on a regularbasis.
I love what you do withWolfpack, where people can set
up an amount that they want tohave different tiers there that
people can subscribe to on amonthly basis and gradually
(42:27):
accumulate this.
Of course, you handle anytransactions it can be small or
large or whatever but you canalso do that savings program.
What else is going on atWolfpack that you'd like to tell
us about?
Speaker 2 (42:40):
Well, we've got a big announcement next week.
I can't announce it yet, butwe're going to be adding another
tier to Wolfpack.
It's the final one, and I'vedecided we're going to put
something between the Wise Wolflevel and the Sage Wolf, so
between five and a hundred and athousand.
I'm going to have some newincentives that I'm throwing in.
(43:02):
We've got a lot of stuff bynext week when I come on the
show got we got a lot of stuff.
By next week, when I come onthe show, I'll have a lot of
stuff to announce.
They're going to be some deals,um, some other things.
I'm trying to to make it justeven more streamlined for
people's budgets and if theywant to beef it up a little bit
like again, I understand howtight things are.
So we're going to be addingsome, uh, free shipping, free
(43:24):
shipping and other things, uh,and then some variety.
Uh, I'm just I had, I did aconference call with the team
yesterday and I said, look, I'mgoing to be making some changes,
you have to roll with it.
We've got.
We've got a lot of stuff.
We're going to have to bemanually checking some things
for customers, uh, but I want tohave the most variety, the
easiest ordering all the stuff,uh, in that that price range and
(43:46):
I think, uh well, people willlike what we have going on next
week.
And, of course, you know we gotuh Bitcoin.
Uh, you can buy and sellBitcoin with us now.
Just, we're fully operational.
So, if you want to, you want tobuy a Bitcoin, you want to sell
Bitcoin?
We'd love to buy it, we cansell it to you, we can help you
with that.
It's a white glove service, youknow.
(44:06):
So we got it's hands on whenpeople walk you through it.
And if you want to use yourBitcoin to buy precious metals
through me, absolutely no fee.
We're the only no fee broker inAmerica.
Speaker 1 (44:16):
That's great, yeah, and and of course you can help
them.
You said a white glove servicehelps somebody if they want to
figure out how to maintain aprivate wallet, that type of
thing.
Speaker 2 (44:25):
I've got a question.
Speaker 1 (44:27):
Yeah, that's good.
I got a question here fromCecilia 14.
David, can you ask him what hethinks of Trump wanting rich
foreigners to buy their way into this country the five million
dollar gold card?
I wonder what he's going to getwith a platinum card.
That's what I'm waiting for.
Speaker 2 (44:43):
I like what my friend Sam Tripoli said.
He said, yeah, you can do that,sell it to them.
But they got to move to Detroit, they got to go to the Rust
Belt.
Like they can't live in LA,they can't go to Miami.
I said you know what?
I'm fine with that.
You make some.
You know you got to rebuildsomething inside the US.
Make it, you know, make itcontingent on you doing
(45:05):
something for us.
Speaker 1 (45:11):
That's right.
That was what they were doingwith the HB5 thing or something.
And you know it's like amillion dollars and you get your
green card only $800,000 if yougo into a distressed area, you
know, like Detroit or somethinglike that, and yet that's been
just riddled with fraud.
And, of course, the amazingthing to me was when you go
through the numbers and you'vegot Lucky.
Lutnik says we've got 250,000people right now who want to
(45:31):
sign up for this and somebodysaid no, if you look at this, we
know how many people there arein the world that have a net
worth of, let's say, 30 million.
Just set it there If they canafford to spend $5 million for
this.
And of all those is about 400and some thousand people, and
there was about 264, somethingthousand outside of the US.
(45:52):
So they have to be basicallyeverybody with a net worth of
over $30 million that's outsideof the US would want to buy into
that.
That's absolutely ludicrous.
But the thing that bothered meabout it when I saw it, I
thought what is the differencewith this?
Well, they don't have to doanything.
They don't have to buildanything, they don't have to
invest in a company or anything.
They just give $5 million toWashington and they have then
(46:17):
superior rights to Americancitizens, which you would expect
out of something like this fromTrump, out of something like
this from Trump.
They don't have to pay taxes onincome that they get outside of
the United States, whichAmerican citizens have to pay
that, and so he's giving themspecial privileges.
Isn't that interesting?
Isn't that disgusting?
Speaker 2 (46:41):
It's like the plot to Lethal Weapon 2 or something
with the South African guys.
Look, I'm for a moratorium onimmigration and I was just being
silly, you know, buying yourway in.
We don't need that, I don't.
You know, if you want toattract companies, you want to
attract.
But we would be laying thegroundwork for deregulation, as
you mentioned earlier in theshow.
(47:01):
We'd be incentivizingproduction and, and you know,
investment and things like that,because that trust inspires
that we're not doing that.
So, and you know, investmentand things like that, because
that trust inspires that we'renot doing that.
So you know, I don't.
We need a complete moratorium onall immigration to get to have
some breathing room to figureout what just happened, because
we've had an unprecedentedamount that we've never I don't
care what people say like thatthat you know the great waves of
(47:24):
immigration never even touchedwhat.
The numbers that we've donepost-Immigration, act of 1965,
teddy Kennedy and even thepost-fall of the Berlin Wall,
david as you know, massive, themost heaviest immigration we've
ever seen in this country bymany, many factors.
(47:45):
You can go watch a presentationcalled Gumball Immigration if
you want to learn more aboutthat.
I'll just show you the sheer.
It's called Numbers.
You know the Numbers USA.
Go check that out.
Speaker 1 (47:54):
Now, I did like Gumball Rally, but I'm assuming
that this would not be.
Speaker 2 (47:58):
No, that's another grift.
You know it's all that stuffand you know all that stuff and
you know you're right.
They're not going to invest.
It's has nothing to do withthat.
We is really what this is trulyabout and it's a we've got to
get in more rich people.
Speaker 1 (48:29):
Maybe he can offer them a special benefits at
Mar-a-Lago trial membership orsomething.
But it's not about us.
But it's always great havingyou on, tony Love your
innovative programs there atwise wolf and thank you for
sending up David night dot goldto take people there.
Thank you for sending updavidknightgold to take people
there.
Thank you for your support ofthe program and you're going to
be talking more about this FDRgold scam coming up at the end
(48:52):
of this program.
Tell people where they can findit.
Speaker 2 (48:58):
Go to America Unplugged channel, over on
Rockfin or Rumble and then on myX.
It's at Tony Arterburn.
We'll be live there, so comefind us.
Speaker 1 (49:05):
That's great.
Thank you so much.
All right, and we have Tony Arbin of Wise Wolf
Gold joining us and Tony haskindly set up DavidKnight Gold
to take you there as well Alittle bit easier to remember.
It lets him know that you'recoming through us and it's
always a pleasure to have Tonyon.
We were just talking during thebreak and he's got some
interesting updates to theSovereign Wealth Fund.
But I want to begin with theBitcoin Reserve, which was
(00:32):
something that Trump dropped atthat Nashville thing that you
went to last summer, I guess itwas and now it's come to
fruition and they're going tohave their first meeting
tomorrow.
It's come to fruition andthey're going to have their
first meeting tomorrow, and wehad a surprise announcement
earlier this week with somestrange things added to it.
He didn't even mention Bitcoinand everybody's going.
(00:53):
What's going on?
What's this?
A Bitcoin reserve?
I mean, what do you think aboutthese other cryptocurrencies
the ADA, the SOL, the XRP?
Speaker 2 (01:02):
What is your take on that?
Well, if you wanted to tank theidea of a Bitcoin strategic
reserve, this is the way to doit.
If you want to, what you do isyou throw these other coins in
there that really I don't haveany idea why they'd be included,
like Cardano.
Why is ADA in there?
Xrp?
You know this is Well they dohave some connections to Trump.
Speaker 1 (01:35):
You know, if you look at this stuff, some of his meme
coins and other things likethat.
Speaker 2 (01:37):
There's some connections there that you know
looks like what we're startingto see a pattern of just in your
face graft and corruption.
It's just the worst ideas thatcould be tagging along with what
you know.
When I was at the Bitcoinconference in July, you know you
had RFK Jr speaking and heactually is very strategic with
his plan with you know, for ifhe was going to be elected, that
(01:57):
he would have the Treasuryorder to buy 500 Bitcoin a day
to put us on parity, where wehold about 18% of the world's
Bitcoin, roughly like we do thepercentage of the world's gold,
and that made sense to me.
I don't even know what thislooks like.
I mean, you're talking.
These are private companies.
The thing about Bitcoin thatyou know.
Again, if you're not, you know,really into crypto like I am, or
haven't been in the space since2016,.
(02:18):
It's the only crypto out therethat is decentralized truly, and
you can talk about its originstory or what it was meant to do
or some of the coding that gotput in in 2017.
And that's a side argument.
But all these other cryptoslead back to a company, a board
of directors, venture capital,so it doesn't make any sense at
(02:39):
all.
The United States it holds goldreserves and it has some
foreign currencies that it holds, but to my knowledge it doesn't
hold stocks or anything likethat.
I mean this would be a completedeparture.
These other cryptos are not likeBitcoin and, of course, even
the Bitcoin argument itself.
(03:00):
I'm happy to talk about thatitself.
I'm happy to talk about that.
Maybe it's not the best idea inthe world, but charging the
American taxpayer to buysomething that is a
decentralized electroniccurrency, perhaps that's not a
good idea.
I mean, we can argue that.
But you add all these otherentities in and I just shake my
(03:21):
head.
I'm like, where did this evencome from?
Because you know the after theinauguration, bitcoin went to
one hundred and eight thousandand it's all time high.
So far, it's dipped back downinto the almost low 80s, I
believe, in the last few weeks.
Because where's our Bitcoinstrategic reserve?
Where's the BSR and themomentum?
Speaker 1 (03:42):
in crypto has just dropped.
They just dropped the R'scrypto.
They just dropped the r.
They just dropped the r is nowjust bs.
You know to your point of thesethings being, um, uh, privately
held and everything.
The xrp, the ripple you knowit's attached to ripple and they
still have 80 of of the tokens.
(04:03):
The tokens are created all upfront.
They're not mined and they have80% of those under their
control.
And it was Angry Tiger who saidif you look at these things,
they're all about transactions.
All three of thesecryptocurrencies are about
transactions.
And so I went back and I lookedat it in detail.
I talked about it yesterday.
They're all based on proof ofstake.
(04:24):
They're all based on proof ofstake.
They're all based on, you know,just because I say so, right,
we're not doing any proof ofwork or anything.
They're all based on proof ofstake.
They have massive.
If the government was going tohold stocks.
That's a good analogy, tony,what you said.
If the government was going tohold stocks, should they go out
and buy stocks that are 80%owned by that company?
You know it doesn't make anysense.
(04:46):
And yet when you look at thetransactional status of this and
what XRP and these others wereset up to do.
You know, some of them areabout smart contracts, some of
them are about NFTs.
They're all proof of stake,they're all privately owned and
centrally controlled and all therest of this stuff.
And as I start looking at this,what it looks like and you know
(05:07):
I've said this from the verybeginning that, yeah, cbdc is
out they know that people aren'tgoing to fall for that in the
United States, so let's do it ina different way.
And they look at it and say, ok, let's rebrand this and let's
do it in a way where we can makea fortune out of this thing.
And that's what I think hasalways been in the.
You know, whether the personnelthat he's got around him
personnel or policy I thinktheir policy is for these guys
(05:29):
to make a lot of money withtheir stable coins, with their
pump and dump stuff.
And I look at this with thisbeing focused on transactions
between institutions andtransactions across countries
and stuff like that.
To me this looks like the stepnumber one of CBDCs.
They would always do it as awholesale basis, right?
So they'd already started thatin the US.
(05:50):
They said we're going to haveFedNow and that's going to be
how we're going to processtransactions between banks and
then, after everybody getsinvolved in that, we'll go to
FedCoin.
We'll take it to the retaillevel where there'll be a
digital currency for you and Ito use.
But it begins with FedNow,which is a wholesale thing out
there.
I mean, is this like apublic-private partnership for
(06:11):
FedNow?
Speaker 2 (06:13):
I think you're right, david.
What other argument could youmake at this point?
This has nothing to do with thestrategic reserve.
This is a hijacking oftechnology, in my opinion.
You look at, what they'retrying to do is have a
public-private partnership withthe technology of crypto.
They just listed all the majorcryptos and that makes no sense
(06:34):
whatsoever.
This was supposed to be anadministration that was going to
deregulate crypto, not take itover.
This was supposed to be about.
This is the Bitcoin presidencyand perhaps make Bitcoin a
strategic reserve because ofBitcoin's nature and what
Bitcoin is supposed to be.
These other coins have.
(06:54):
I mean there's somefunctionality there.
There's smart contracts, xrp,you know, delivering financial
transactions between financialinstitutions all that stuff that
could be argued that it hasfunctionality, but that has
nothing to do with what.
The whole premise behind the,the Trump announcement in
Nashville these other coinsweren't mentioned and he did say
(07:17):
in Nashville I watched him.
He said there'll never be aCBDC as long as I'm president,
and I've thought about that, youknow, because I know Gary
Kushner's role and you know, Iknow Steve.
Mnuchin, yeah right, and I'm notlooking at Trump the way the
other people in the crowd areeither, and so this starts to
(07:37):
make more sense.
I wondered what was going tohappen, and now I think that's
why a lot of the steam has runout of this euphoria and we call
it Trump euphoria after theelection and people selling off
their gold and silver andgetting into the crypto markets.
And Bitcoin did go up and itwent up to one hundred eight
thousand, and I think it will.
It will start to slow climbagain, but that has almost
(08:01):
nothing to do with the Trumppresidency.
I think it's just more and moreadoption worldwide and I think
maybe the two things can getconfused.
But the adding of these cryptoscertainly is a red flag.
Even those are cheerleaders inthe crypto space.
I listen to a lot of podcastsand even they're going.
What is happening?
This is not good for theindustry, this collusion between
(08:24):
government and the privatesector.
Speaker 1 (08:26):
Of course, it wasn't good for the industry when Trump
made so much money off of hisTrump coin and his Melania coin
either.
I mean, you know that startedto make the whole thing stink
like a pump and dump scam, whichI talked to Catherine Austin
Fitz this week.
She said she's absolutelyconvinced that's what it all is
is a pump and dump.
And to you know, to keep thisthing rolling, this thing
rolling, the end game for a lotof these people was to always
(08:47):
try to get governments involved.
That was the next stage.
We can get the governments tohold Bitcoin or whatever, and so
that's the ultimate dump itover to the government and then
we all sell out at the top andthat type of thing.
That has always been my concernas well when I look at this.
But you know, getting back tothe fact that you were just
talking about how he's going tothrow in all these different
(09:08):
cryptos and who knows how manythey're going to put in right,
and to me it looks very muchlike what he's doing with all
this tariff stuff.
You know, I talked about thetariff.
I said you look at ithistorically, you look at the
tariffs and they're either thereto protect specific industries
no, that's not what this isabout or they're there to raise
revenue, which is what Jeffersondid.
He cut the size of government.
(09:28):
He said now we're just going torun the government off of
tariff revenue.
No, it's not about that.
Instead, it's targetingcountries and he's got to roll
it back within a day or twobecause of the total chaos and
damage that was going to be doneto the automobile industry,
because things are going backand forth, back and forth over
the border.
Because, why?
Because he had already set thatup in his first administration.
(09:50):
The USMCA approach yeah, putyour stuff through Mexico,
canada and the US USMCA, so theystart doing that.
Now he's going to come in andhe's going to create chaos with
that.
It's like a pattern, tony, thateither they don't know what
they're doing or they'redeliberately trying to sabotage.
I mean, they were at the point.
Is he deliberately trying tocreate a recession, say some
people.
Is he deliberately trying tosabotage this stuff?
(10:13):
It doesn't.
There's no focus on thisBitcoin reserve, just like
there's no focus on the tariffstuff.
Creative destruction comes tomind.
Speaker 2 (10:25):
So wrote.
So you, while you were talking,I just remembered going back to
2015 and I got invited to seeTrump, you know, speak in Dallas
.
This was at the Americanairline center and he had just
hired Katrina Pearson and we.
We ran for Congress at the sametime in different districts and
I knew who she was.
Anyway, I got tickets, I was inthe front row and Trump came
(10:48):
out and I'd been running oneconomic nationalism.
I think I understood it and Ithought this is really
revolutionary.
He came out and I've got it onmy phone still, I recorded him
saying it.
He said that you know, when I'm, if I'm, elected, I'll just
call up the CEO of Ford MotorCompany.
(11:17):
No-transcript.
Well, we're a long way fromthat.
We've had the previous Trumppresidency and we have this one.
You're right, economicnationalism is either about
protecting, having protectionism, which was the later goal in
the 19th century, but early onit was about raising revenues.
(11:37):
There is a strategy here andit's not about either, or
because those and you mentionedthe USMCA and it really was a
codifying of NAFTA with a bunchof new tech stuff put into it.
I remember because I wasfilling in for you back in 2019,
(11:58):
2020, and they were talkingabout this as it ramped up at
the end of his first presidency.
So this is a really strange timeand it's hard to figure out
what the actual goal is.
Weaponization of the dollar byother means, with threatening
BRICS with 100% tariffs it trulydoesn't want.
This is like, again, the recipefor an economic downturn.
(12:23):
If you wanted to do that, ifyou want to shock the system,
and that would create, maybe,the opportunity for price
controls, david, or something,or the seizure of different
aspects of the economy, because,hey, things are shaky and this
is a national security.
There's something to this.
(12:47):
I I don't even see anymore anysort of patterns for why this
would create a a robust uh, youknow production economy.
Yeah, because you're, allyou're causing is uncertainty.
Now, if you were to say youcould announce tariffs on
certain things and you know, patbuchanan covered this a lot, uh
, in his work, and I've studiedit for years and years I mean,
and I know these numbers byheart If you, if you put a 25
percent tariff across the boardon manufacturing you're products
(13:11):
and you don't seek outcountries and you don't play
favorites, it creates basicallythe same amount of revenue
generation as the corporateincome tax.
So you could abolish thecorporate income tax and then
you could incentivize companiesfrom around the world to move
here and build things and avoidthe tariff and, of course, not
(13:35):
pay taxes.
Speaker 1 (13:36):
Well, he's not going to do that because they've
already agreed.
Speaker 2 (13:37):
That's not what they're talking about.
Speaker 1 (13:39):
And they've already agreed.
You know they had the agreement.
The Biden administration andthe US government and all these
different countries got together.
G7 said we're not going to haveanybody do less than a 15%
income tax rate.
So he's not going to pushagainst the globalists.
He's going to abide by theirscheme there, so he's not going
to get rid of the corporateincome tax.
I mean, that's one of thethings I think is interesting.
Mav 2022 says Bitcoin isn't acoin.
(14:02):
Let's start there.
It's a reward for a machine tocomplete a task.
And that's one of the thingsthat Catherine Austin Fisk was
saying.
She said I get having a goldreserve, I get having a
petroleum reserve, but you knowwhy do you need to have a
Bitcoin reserve?
It's speculation, you know,it's like a stock and it just
(14:24):
doesn't make any sense that youwould make a reserve out of that
.
Speaker 2 (14:28):
Well, I mean for my own philosophy.
When Texas tried to create adigitized gold-backed token, I
oppose that because I always askthe question why does the state
need to be involved in money?
You know, I look at the Bitcoin.
Now that Trump has announcedthis dilution of you know what
(14:52):
would be a strategic Bitcoinreserve, I no longer support any
of that.
I don't understand it.
Maybe there was especially onthe people who came up with the
idea maybe good intention, butthey were long past that.
So this is something completelydifferent and there's something
else going on here that hasnothing to do with stabilizing
(15:13):
our economy.
Clearly, I mean, this is just afunhouse mirror version of that
.
There's no strategy in this day.
Well, I think there's probablystrategy, just not for, you know
, to prop up the us economy oh,I agree.
Speaker 1 (15:25):
yeah, I mean, you look at lucky lutnik and you
look at scott, at the besant guyyou know, and you know one of
them is involved in uh, comingafter the british man with ge
Soros, and then the other guyand all of his financial
background is one scam after theother.
I've got a question here fromDG8 for you, tony.
He says please ask Tony aboutXRP, the Ripple thing being the
(15:49):
only crypto listed as a businesspartner of the World Economic
Forum.
Was the whole SEC case againstXRP Ripple a fraud?
Speaker 2 (16:03):
Well, the SEC in and of itself and its war on crypto.
Yeah, I mean, and this may be away that you can control it
from inside and make sure thatthe price stays stabilized for
accumulation or whatever.
I mean, these are ways thatthey pump and dump and or they,
you know they'll have a likeJamie Demon's done this before
(16:25):
of JP Morgan, where he's comeout and and bad-mouthed you know
, all of Bitcoin.
I remember this 2018 timeframe.
I mean, he came out and justand criticizing his daughter for
having it.
Yeah, yes, I mean just went andhe's done this a few times and
then, you know, the next dayit'll it'll tank and then
they'll see some accumulationand all of a sudden it'll come
back up and they do this kind ofstuff.
(16:46):
So they have ways to createthis narrative for you and I
cause we're not the insiders, wedon't.
You know, like George Carlinsaid, it's a big club and you
ain't in it.
You have to get to these, likeif you, I see I follow a lot of
stuff with crypto, obviously,but I look at some of these
other trading platforms andthings and people that are
trying to get, make money, youknow, get rich with it, and it
(17:10):
is interesting because it's allabout the pump and dump.
There's really thefunctionality and the coins
aren't really there for the mostpart.
I mean especially the memestuff.
Like if you ever, I was on withAngry Tiger last night and I
said, if you ever see mepromoting a meme coin, I've been
.
That's not me, I'm the cloneand don't trust that person.
Like, that's not me.
(17:30):
I just wanted for the record.
I would never do that Because,again, what purpose does it
serve?
I have a Bitcoin company and thereason I've been in Bitcoin
since 2016,.
Do I know everything about it?
No, it's impossible.
I don't know everything that Icould know.
I just have.
From everything I've researched,I believe that it's a
(17:50):
functional mechanism foreconomic growth, at least for an
individual, where you couldhave a way to hedge against
inflation and uncertainty.
It's not exactly preciousmetals, they're different things
, but I'm not touting any ofthese other coins because of
what I mentioned earlier theseinsider deals and who knows who
(18:13):
has ties to the, to the worldeconomic forum or Davos or or
whatever, uh, or government, andnow we, now we're just all the
lines have been completelyblurred and the conference is
tomorrow.
David, they're doing it towatch, Um, so now I, I think the
crypto, uh, this, thisexplosion of interest and all
this stuff, that, all the hopeand everything that was in the
(18:36):
it's, it's dimming, uh, becauseof, because of this, and maybe
that's on purpose too, um, sothat I think we're starting to
see, um, it, you know the, whatcould be the, the blueprint for
the cbdc, the way that theywould do it in a public private
partnership, which, if I remindpeople that is fascism, yeah, oh
yeah, oh yeah, absolutely yeah.
Speaker 1 (18:56):
You know it's not any coincidence that when you look
at things to come, or you know,based on the book, the shape of
things to come, that they comeacross as kind of fascist,
because that is, you know,economically they are fascist
and they want to tell everybodyelse they're elitist and they're
fascist.
If you look at these technocrats, uh, but you know, when we talk
about, um, the, the corruptionthat is there, yesterday I
(19:17):
talked about the fact that, um,this one guy his name is justin
sun s-u-n, 34 years old.
He was the guy that famouslywent to hong kong and some
artist had, uh, put a banana onthe wall.
Remember that, with duct tape,he bought it for six million
dollars and then, with everybodytaking pictures of him, he took
it off the wall and ate thebanana and then he put a lot of
(19:41):
money into Trump's worldfinancial thing or something
that this other crypto schemethat Trump has personally going,
and immediately the SEC, whichis investigating him on multiple
pump and dump issues,immediately stopped.
And I guess my question is arewe going to a banana republic?
Speaker 2 (20:02):
I'm going to eat that banana.
Speaker 1 (20:04):
It's based on crypto, and are we going to be eating
the crypto banana republic whenthis pump and dump thing goes
sideways on his?
Or maybe we could call thembanana republicans, I don't know
that's good.
Speaker 2 (20:18):
Well, I think a lot of this is.
Perhaps it's a sideshow,because the rest of the world if
you look at who'scrypto-focused, it's not the
rest of the world.
I mean, there's other countriespopping up and I do.
Again, this is a mixed bag forme.
But if you look at Bitcoin,like El Salvador, they recently
bowed to the IMF and, yeah, it'sstill a legal tender there.
(20:40):
The IMF said you're not goingto do this the way that they'd
had Bitcoin set up previously,and they backed off.
Speaker 1 (20:47):
And why do you think the IMF would do it?
Why would the IMF threaten themover the Bitcoin stuff?
I mean, is it because the IMFis so heavily involved with the
central banks and they see it ascompetent?
What's your take on that?
Why would they do that?
Speaker 2 (21:00):
Well, because it's outside of their control, and
this kind of goes back to whatwe were talking about.
Why list all these other coins?
Well, it's interesting becauseyou know you can control all
those other coins absolutelyeasily.
I mean it's because you knowthe founders, the founders, you
know the people on the board.
You know everything Bitcoin is.
You can't.
But if you want to control theBitcoin, what you do is you know
(21:23):
you create this environmentwhere BlackRock buys the supply
and then you can own it throughthese ETFs, and then you start
regulating how the wallets work.
Then you start saying, oh, your, oh, your own keys.
Well, we don't really supportthat.
That's that's more moneylaundering and things.
Yeah, and so you, that's howyou hijack bitcoin from the
inside and you say, well, we're,we're so crypto friendly, we
(21:44):
put all these other cryptos andI'm starting to think you know
this is how that plays out,because you know it's.
You know a lot of people wouldjust argue that bitcoin itself
is fake.
And I haven't got, I'm notthere, I don't see that.
But that's how you, this is thecaution in that.
I mean, it's really to to, toadd all these other things.
That's that's to me is thethreatening part.
(22:04):
And the IMF, you know.
Again, this is why Bitcoin, Ibelieve, is still an enemy to
the, to the bankster class,because they don't have control
of it quite yet, to the, to thebankster class, because they
don't have control of it quiteyet.
And so if, if this gets awayfrom them, if other, that's
what's called game theory in thecrypto space for Bitcoin is
that once it gets nation stateadoption at some level, it'll
(22:27):
just be a rush to who cancontrol these.
The supply and and and miningwill be strategic, which could
very well turn out to be true,but we live in an upside down
where it's not free marketanymore at all.
I mean these are contrivedthings.
I mean we have central banks,we have the oligarchs and all
(22:48):
the things that have infiltratedour politics and reality, so it
would be hard to in a perfectworld.
Obviously, this libertarianthought you know you're
libertarian, well, I used to be,I'm pretty, I'm pretty close
but they lose me on some things,especially when you get into
the fantasy of this is howpeople act, because that's not
what, that's not how realityworks.
I mean, this is right, it's agood theory, but I think I think
(23:12):
that's what's playing out rightnow is that we've still got the
Bitcoin technology, but how dothey wrap their tentacles around
it?
It looks like they're doing apretty good job so far and even
got a few things past me.
I really thought they weregoing to have a Bitcoin
strategic reserve until theythrew this out there.
It's really bizarre.
These other coins I keep goingback to that.
(23:33):
My mind just can't get awayfrom that that they added those
other coins, and justnonchalantly, by the way, oh,
yeah, and didn't mention Bitcoinuntil everybody complained
about it.
Speaker 1 (23:42):
He goes oh yeah, bitcoin and Ethereum they're
going to be the heart of it.
I wonder, though, tony, youmentioned BlackRock and their
ETF stuff and everything.
Now BlackRock is good.
It's amazing to see Alex Jonesand all these other people
cheering this that you knowbecause they bought two what is
it?
Two out of six of the portsdown in Panama.
Now it's American owned, andall the rest of stuff, and it's
(24:02):
owned by BlackRock.
Aren't we happy about that?
I was saying yesterday thatBlackRock and Larry Fink is kind
of like the Moriarty ofeverything that these people
hate.
You know all the differentlines of the Web.
You know, go back to this guy,and now he's the hero that Trump
has put out there.
You think BlackRock's going tobe managing the Bitcoin research
.
Can we make a prediction?
Speaker 2 (24:26):
Will it be BlackRock that gets to manage all the
Bitcoin reserve?
Yeah, we're going to get rid ofMonsanto.
Here's IG Farben.
We hope you enjoy.
I mean it's just.
Speaker 1 (24:33):
Yeah, is Trump going to do that, or is he going to
put BlackRock in charge?
He's going to put Bill Gates incharge?
Either way, if he does it,it'll be a great thing, you know
people have short memories.
Speaker 2 (24:42):
This is the team sport.
It causes brain damage.
No-transcript.
(25:11):
When I hear Larry Fink talkfrom BlackRock I rock I don't
think, oh, that's my ally.
He really wants a free market,you know, uh, I just listen to
what he says, and so a lot oftimes, you know, he's talked
about changing behavior and thisis something he's did many
times, oh yeah he's at thecenter of all this behavior
through the financial system.
(25:32):
That's esg folks.
That's right.
Speaker 1 (25:34):
That's right and he's at the epicenter of all that.
But it's a good thing now thatTrump has and of course it's a
Trump pressure, you know I wastalking to Mark Hall, who lives
down there most of the year.
He said you know, they hadalready their internal revenue
equivalent, had already startedauditing that Hong Kong company
(25:55):
in order to put pressure on themto sell.
And so this is a pressurecampaign conducted by Trump and
Rubio and his administrationagainst Panama to put pressure
on this company to get them tosell for the benefit of
BlackRock.
And now this is a big win.
Oh, it's America first and allthe rest of the stuff.
It's like what is?
Speaker 2 (26:14):
going on.
Thomas Jefferson said it best.
He said merchants have nocountry.
That's right.
Speaker 1 (26:21):
That's right.
Speaker 2 (26:22):
You know, and if you're an entrepreneur and
you're into, you know you take acompany or take something
global.
I completely understand that,but don't be confusing the two.
There used to be the saying wasyou know, what's good for
America is good for GM and viceversa for General Motors.
That's not true anymore.
Yeah, that's right, you know.
Bringing those factories backto Detroit, is that good for GM?
(26:43):
Is that good for America?
The GM's profits have gone downand these corporations are just
(27:04):
off the charts.
It's record intake of capital,oh yeah.
So it's not something good forAmerica, is not good for them at
this point.
So I don't think we're, I don'twant to we do.
This has gotten way out of handwith this partisan politics.
That's where we are and we'remarching straight into this.
(27:24):
The great reset remains.
Have you ever seen the movieindependence day?
You know where they finally usea nuke on one of the, the
flying saucers.
You know the big mothership.
And then they come out and theysay, oh, we think we got it,
and then it's no Target remains.
I think that's the same thing.
After this election, we'restill in it.
It's just by other means.
It's not coming at you directly.
You're right, there's somethingwith that.
(27:46):
I'm wondering when they'regoing to announce the FedNow
crypto system or something youknow through these banks.
You crypto system, or somethingyou know through these banks?
You're absolutely right.
I think you're going to list away ahead of the ball.
Speaker 1 (27:58):
I think I said the other day.
I said maybe they'll call itinstead of CBDC, maybe they'll
call it PPPDC.
You know, public privatepartnership, digital currency.
But let's talk about thesovereign wealth fund.
You know, when I talked toCatherine Austin Fitch, she said
well, you know, this looks likea pump and dump that they're
going to do to pump this thingup and then when everything goes
bust or, you know, it may bethe crypto stuff or, more likely
(28:21):
, it's just, you know, goingbust with the economy and they
say, well, we got to use ourresources.
They claim that they own theland and so they'll sell the
land to these other people.
Everything is for saleCitizenship is for sale, all the
rest of the stuff but theSovereign Wealth Fund.
When we were talking during thebreak before you came on, you
(28:42):
said you noticed something aboutthe Sovereign Wealth Fund.
Let's talk about that.
What did you see?
Speaker 2 (28:48):
Well, the article came out from Jim Rickards, you
know, and he worked with CISAand to the CIA and did these
deep dives into the financialwars and currency wars that are
going on.
That's kind of behind thescenes in this nonlinear,
asymmetrical war that goes on.
So I've read him for years andhe said something in an article
(29:10):
and it kind of just went throughand I was trying to bring it up
because it was so huge.
It put an alarm bell off in myhead.
I didn't know this.
Well, you know, scott Betts isputting together this idea of
the sovereign wealth fund andTrump signed the executive order
to the exploratory committee onthat and to lay that out and
what it would look like.
Well, we all talk about FortKnox you know Knox, with the
(29:33):
gold there, and we talk aboutwhat the United States
supposedly has about 8,133 tonsof gold bullion to back up its
well, not anymore technicallyback up our currency, but to
back up our economy.
It's part of our balance sheet.
Well, something that Rickardsaid and I didn't know, I'm
going to cover a little bit morein my show here in the next
(29:55):
hour or so.
Apparently, in 1934, fdr hadthe Treasury of the United
States write a certificate tothe Federal Reserve giving them
holdings for the gold that theFed had to give up during that
executive order.
So supposedly the Fed had togive up a certain amount of gold
(30:17):
, right?
Well, if you actually read,denominate that in ounces, those
certificates are more than the8,133 tons that we have in our
own reserve for the UnitedStates government itself that we
technically owe the Fed.
And Rickards didn't cover it inthe way that I would have if I
(30:39):
thought I didn't know that.
Yeah, and that's because I'veoften heard, you know, we had,
you know, like 18,000 tonsbefore or right at the end of
World War Two, and then, all ofa sudden, there's this
reallocation and all this stuffthat went on and we opened up
for free trade.
There's a whole stuff thathappened after World War II.
There's a lot of financialmaneuvering, and so this is
(31:00):
another, this is one of thoseclues.
As the world continues to gotowards resources.
That's where we are.
I mean, you know, you can lookat, I think, after Basel III in
2021, when gold was taken to itfrom a tier three to a tier one,
the rest of the world is justalready scrambling to get the
gold, and I think that's just.
(31:21):
Gold is already the world'sreserve currency.
Again, it's just we're talkingabout time and getting off
systems and other things, sothey have to know that here in
the US.
So I think the future is goingto be who has what and the
assets and all the rest.
It's not that the US isn'tgoing to sell its gold or
anything like that.
I don't see that happening.
(31:41):
Or putting into a particularfund, I don't think.
But I do think that there'sgoing to be a lot of exposure.
This is what we have.
A lot of cards are going to beput on the table because we're
in the Great Reset.
Because we're in the great reset, we're still watching a
meltdown of the financial systemand the debt worldwide is
(32:02):
systemic.
It's malignant and there's noway out of that.
I mean, the sheer numbers of itall, david, as you know, are
just so gargantuan.
You can't come back.
There has to be a new systemput in place and this may be the
creative destruction that we'rewatching.
You can't come back.
There has to be a new systemput in place and this may be the
creative destruction that we'rewatching, because there's
nothing to do with strategy,whether it's the tariffs or the
(32:23):
crypto fund or anything.
It doesn't make any sense.
And perhaps it doesn't make anysense for a reason.
This is just chaos for chaossake, to see where things end up
.
And now some of that unintendedconsequence I'm watching very
closely is these bullion banks.
They can't fulfill contracts.
They're starting to the cracksin the system.
(32:45):
It's going to be all over theplace and we're not even we're
just at the tip of the iceberg.
I don't know what it's going todo to prices, but I looked up
before we went live and I'lljust mention this.
You look at silver.
This should be covered on thenightly news.
What's not going to be on thefinancial sector 215 million
ounce deficit last year, so thatthat means all the orders they
(33:07):
had to go, they had to find 215million ounces of the above
ground supply, and so like thisis happening year on year and
the prices remain because of thepaper and all the stuff that's
covered up, that the world isrushing to assets, um, and I
think that's why you see so muchpressure put on these supplies
and the things of metals, and weshall see those little, those
(33:30):
little nuggets of history.
I did, you know.
I find out every, every day,when I look into this stuff.
It's.
It's pretty amazing where westand.
Especially I didn't know thatthe Fed is owed more gold than
we have.
Speaker 1 (33:44):
And so that kind of brings in this whole dog and
pony show about going into FortKnox and looking at this stuff,
which is going to be like a youknow Al Capone's vault with
Geraldo Rivera.
You know, it's going to be oneof those types of deals.
There's no way that they'regoing to audit this thing and
make it meaningful.
I mean, you know, are those,are those real gold bars or what
is it?
You know?
(34:04):
Question is what is theintention with all of this stuff
?
Is it to move everybody tochange public opinion?
That's the whole purpose of itis to change public opinion.
But to what purpose and to whatend?
Is it going to be?
To get everybody afraid thatyou know, we just got this big
speculative bubble and we gotpaper gold and we got paper
(34:25):
silver and we have these otherETFs and derivatives and there's
nothing there, you know kind oflike, which caused the real
estate crash.
Is that their intention fordestruction?
And then do they use that tomove us over to the kind of
great taking, you know where?
They say, yeah, but we got allthis land and we can now put
those assets to work.
That was what Besant said, andDoug Burgum, who is in on all
(34:47):
this stuff as well.
They put him in as interiorsecretary.
What did he say during hisconfirmation hearings?
He said well, we got $200trillion worth of land in the
United States, so they're goingto somehow put that into work,
put that into a sovereign wealthfund or something, and say
we're going to move now from youknow, the fiat currency or even
pretending that we got goldbacking, now we're going to back
(35:07):
it all with the land and maybe,you know, we implode.
What do you think is?
I mean, it's pure speculation.
At this point, you got any ideawhere they're going with this
sovereign wealth fund.
It really concerns me to hearBesant and to hear Burgum making
the kind of comments of theirown, of course, and every one of
these things.
They got Lucky Lutnik standingbeside them.
(35:28):
It's like the three-card Montyguy.
You know he's a huckster of thenth degree.
You know 33rd degree hucksterhow about that?
Speaker 2 (35:41):
I like that.
I read an article earlier thisweek that Deutsche Bank is
putting out some notices andsaying, hey, you know, the
dollar may not be a safe havenin the future, it may be losing
its safe haven status.
And I thought about DeutscheBank.
And if you look into theinsider trading that went on
prior to 9-11, these, you know,shell corporations and kind of
(36:04):
in the periphery of DeutscheBank was some of these entities
that shorted airline stocks andother things right prior to 9-11
.
And they had ties if you reallydrill down ties to intelligence
and goes back to Mossad andothers, and there's millions
that never got claimed.
By the way, I think that totouch it would be to expose
(36:24):
yourself.
So there were some that theydidn't secure, just right.
But you know, this is acontrolled demolition, yeah,
whatever it is.
And you know, going into theTrump presidency with the meme
coin and I just shaking my head,you know, I just this is the,
you can make money on it andthat's only insider stuff, but
(36:45):
it's going to leave the regularfolk holding the bag losing 90%.
You know that.
Going in, why would you do it?
Well, it's the same thing youcould do with a sovereign wealth
fund or something like that.
We're in a post-trust era.
That's another thing.
These institutions lose trustthing.
(37:08):
These institutions lose trust.
That's why things like gold andcommodities and other things in
this era that we're in becomeseven more important, because
that's why the United Stateswe're losing and de-dollarizing
is so rapid.
It probably would have tookanother 100 years had we just
been a good steward.
We could have, uh, the worldrunning on our currency for a
long, long time, but we gotarrogant.
We have to nightstick peoplelike a drunk cop or something.
(37:31):
That's what we do around theworld 40 different say.
It's probably more than that.
I've been saying that for threeyears, but it's 40 sanctions on
36 countries.
Yeah, so we weaponized all thatstuff and so we already know
the con.
We we do cause and effect.
So that's apparent that it'snot working, but we continue to
do it.
So there's an open questionwhether you know they're just
want to accelerate this thing orwhat to do?
(37:52):
A pump and dump.
Maybe they'll create a UnitedStates meme coin itself, like
this is for the country get inearly.
You know the rest of the world.
So I I don't trust anythingthat you know.
This is why I think we lean tooheavily to say well, the United
States needs to go on a goldstandard, go yourself on a gold
standard.
(38:12):
That's right.
We have the opportunity to dothat.
Thank you, gerald Ford 1974,for making it legal for me to
own gold.
You know, I just don't needthem and that's why I oppose the
Texas setting that up.
I don't need them and that'swhy I opposed the Texas setting
that up.
I don't need the state involvedwith that.
Speaker 1 (38:27):
That's right.
See, what happened this lastweek is there's all this
uncertainty about the tariffsand everything.
Stock market goes down.
Bitcoin gets shaky, as well asyou know, because Bitcoin's pump
was based on all this stuffabout the Bitcoin reserve thing.
So you know, you look at thatand what does that do?
You see, gold is still hangingin there strong.
How is the situation right now?
(38:49):
I mean, you were the first oneto talk about that.
I heard and long before I sawanything in the press.
You were talking about themovement of massive movement of
metal back to the US and howit's creating problems in London
and other places like that.
How is the supply looking now?
Is creating problems in Londonand other places like that.
Speaker 2 (39:07):
How is supply looking now?
Oh, it's slowed.
Some as far as, like theclearing out of vaults and other
things that's happened aroundthe world.
I think the next shoot or dropis just the fallout from a lot
of these companies and countriesand funds that will be asking
for physical delivery, and Ithink, not all of it, but it
will be a big chunk that won'tshow up and it will create a
cascading effect of of otherorders.
(39:27):
One of the reasons, like youknow, fdr had a banking holiday.
You remember that, from when hetook over in 1933, he had a
banking holiday and that wasjust for him to get control of
the financial system, becausepeople were going to do a run on
the banks, you know.
So I think that's probablygoing to have a.
There's a, there's a physical,uh, golden silver.
(39:49):
There's a hidden time bomb, Ibelieve it, just people being
able to get access to it and, uhand I watch it very closely I
think supply's okay right now.
I didn't, I still don't I'mnever back to the 2018, 2019
supply levels that I would.
I would find I've never'venever recovered from that.
Um, I can still get things andthat's one of the reasons.
(40:10):
You know we have this multiplelocations now for for me to
supply, like my membership,stuff for wolfpack is just I
need to buy from the public.
I can't necessarily get thesame kind of products, even from
the wholesalers anymore in thetimeframe that I need.
So it is right now I'd say it'srelatively calm, but I think
(40:33):
we're on the cusp of anotheragain, another shoe to drop,
another hitting another level ofthis of the real physical
versus the paper, and this will,I think, be even more exposed
in the currency and trade warsthat are afoot and are going on
right now behind the scenes asthe world continues to lurch
(40:56):
towards gold.
2024, david, was another yearwhere central banks, they
ordered 1,048 tons or so, andbefore that it was another 1,000
.
And before that it was another1,000.
Before that it was another1,000.
This trend continues.
They're concerned about theinstability as well.
Speaker 1 (41:14):
It's very unstable, very unpredictable.
There's a lot of chaos that'sbeing sown in here.
When you see that kind of stuff, everybody runs to gold.
Speaker 2 (41:20):
Everybody wants to go .
It's the way that history showsus that.
That's what it's always beenfor, and, and even in rickard's
article today he was like goldis not just you know.
You could have said, well, it'sa safe haven against inflation,
he goes.
Well, inflation was, what youknow, 10 or whatever, and gold
went up 80 in the last, uh,three years.
(41:42):
So what, what?
What's driving that?
Well, fear, uncertainty, doubt,geopolitical tension, uh, and
the and the reset of themonetary system, the growing
debt, and this isn't whatever.
This is that's coming out ofWashington, is not?
It's, it's not strategy, well,not strategy for building the
(42:03):
economy.
It's something completelydifferent.
Speaker 1 (42:05):
That's right, it's chaos and they're accelerating
it, and so that's why I look atthis and it's like I want to get
off of this train.
As you point out, you can geton a gold standard yourself.
You can do that on a regularbasis.
I love what you do withWolfpack, where people can set
up an amount that they want tohave different tiers there that
people can subscribe to on amonthly basis and gradually
(42:27):
accumulate this.
Of course, you handle anytransactions it can be small or
large or whatever but you canalso do that savings program.
What else is going on atWolfpack that you'd like to tell
us about?
Speaker 2 (42:40):
Well, we've got a big announcement next week.
I can't announce it yet, butwe're going to be adding another
tier to Wolfpack.
It's the final one, and I'vedecided we're going to put
something between the Wise Wolflevel and the Sage Wolf, so
between five and a hundred and athousand.
I'm going to have some newincentives that I'm throwing in.
(43:02):
We've got a lot of stuff bynext week when I come on the
show got we got a lot of stuff.
By next week, when I come onthe show, I'll have a lot of
stuff to announce.
They're going to be some deals,um, some other things.
I'm trying to to make it justeven more streamlined for
people's budgets and if theywant to beef it up a little bit
like again, I understand howtight things are.
So we're going to be addingsome, uh, free shipping, free
(43:24):
shipping and other things, uh,and then some variety.
Uh, I'm just I had, I did aconference call with the team
yesterday and I said, look, I'mgoing to be making some changes,
you have to roll with it.
We've got.
We've got a lot of stuff.
We're going to have to bemanually checking some things
for customers, uh, but I want tohave the most variety, the
easiest ordering all the stuff,uh, in that that price range and
(43:46):
I think, uh well, people willlike what we have going on next
week.
And, of course, you know we gotuh Bitcoin.
Uh, you can buy and sellBitcoin with us now.
Just, we're fully operational.
So, if you want to, you want tobuy a Bitcoin, you want to sell
Bitcoin?
We'd love to buy it, we cansell it to you, we can help you
with that.
It's a white glove service, youknow.
(44:06):
So we got it's hands on whenpeople walk you through it.
And if you want to use yourBitcoin to buy precious metals
through me, absolutely no fee.
We're the only no fee broker inAmerica.
Speaker 1 (44:16):
That's great, yeah, and and of course you can help
them.
You said a white glove servicehelps somebody if they want to
figure out how to maintain aprivate wallet, that type of
thing.
Speaker 2 (44:25):
I've got a question.
Speaker 1 (44:27):
Yeah, that's good.
I got a question here fromCecilia 14.
David, can you ask him what hethinks of Trump wanting rich
foreigners to buy their way into this country the five million
dollar gold card?
I wonder what he's going to getwith a platinum card.
That's what I'm waiting for.
Speaker 2 (44:43):
I like what my friend Sam Tripoli said.
He said, yeah, you can do that,sell it to them.
But they got to move to Detroit, they got to go to the Rust
Belt.
Like they can't live in LA,they can't go to Miami.
I said you know what?
I'm fine with that.
You make some.
You know you got to rebuildsomething inside the US.
Make it, you know, make itcontingent on you doing
(45:05):
something for us.
Speaker 1 (45:11):
That's right.
That was what they were doingwith the HB5 thing or something.
And you know it's like amillion dollars and you get your
green card only $800,000 if yougo into a distressed area, you
know, like Detroit or somethinglike that, and yet that's been
just riddled with fraud.
And, of course, the amazingthing to me was when you go
through the numbers and you'vegot Lucky.
Lutnik says we've got 250,000people right now who want to
(45:31):
sign up for this and somebodysaid no, if you look at this, we
know how many people there arein the world that have a net
worth of, let's say, 30 million.
Just set it there If they canafford to spend $5 million for
this.
And of all those is about 400and some thousand people, and
there was about 264, somethingthousand outside of the US.
(45:52):
So they have to be basicallyeverybody with a net worth of
over $30 million that's outsideof the US would want to buy into
that.
That's absolutely ludicrous.
But the thing that bothered meabout it when I saw it, I
thought what is the differencewith this?
Well, they don't have to doanything.
They don't have to buildanything, they don't have to
invest in a company or anything.
They just give $5 million toWashington and they have then
(46:17):
superior rights to Americancitizens, which you would expect
out of something like this fromTrump, out of something like
this from Trump.
They don't have to pay taxes onincome that they get outside of
the United States, whichAmerican citizens have to pay
that, and so he's giving themspecial privileges.
Isn't that interesting?
Isn't that disgusting?
Speaker 2 (46:41):
It's like the plot to Lethal Weapon 2 or something
with the South African guys.
Look, I'm for a moratorium onimmigration and I was just being
silly, you know, buying yourway in.
We don't need that, I don't.
You know, if you want toattract companies, you want to
attract.
But we would be laying thegroundwork for deregulation, as
you mentioned earlier in theshow.
(47:01):
We'd be incentivizingproduction and, and you know,
investment and things like that,because that trust inspires
that we're not doing that.
So, and you know, investmentand things like that, because
that trust inspires that we'renot doing that.
So you know, I don't.
We need a complete moratorium onall immigration to get to have
some breathing room to figureout what just happened, because
we've had an unprecedentedamount that we've never I don't
care what people say like thatthat you know the great waves of
(47:24):
immigration never even touchedwhat.
The numbers that we've donepost-Immigration, act of 1965,
teddy Kennedy and even thepost-fall of the Berlin Wall,
david as you know, massive, themost heaviest immigration we've
ever seen in this country bymany, many factors.
(47:45):
You can go watch a presentationcalled Gumball Immigration if
you want to learn more aboutthat.
I'll just show you the sheer.
It's called Numbers.
You know the Numbers USA.
Go check that out.
Speaker 1 (47:54):
Now, I did like Gumball Rally, but I'm assuming
that this would not be.
Speaker 2 (47:58):
No, that's another grift.
You know it's all that stuffand you know all that stuff and
you know you're right.
They're not going to invest.
It's has nothing to do withthat.
We is really what this is trulyabout and it's a we've got to
get in more rich people.
Speaker 1 (48:29):
Maybe he can offer them a special benefits at
Mar-a-Lago trial membership orsomething.
But it's not about us.
But it's always great havingyou on, tony Love your
innovative programs there atwise wolf and thank you for
sending up David night dot goldto take people there.
Thank you for sending updavidknightgold to take people
there.
Thank you for your support ofthe program and you're going to
be talking more about this FDRgold scam coming up at the end
(48:52):
of this program.
Tell people where they can findit.
Speaker 2 (48:58):
Go to America Unplugged channel, over on
Rockfin or Rumble and then on myX.
It's at Tony Arterburn.
We'll be live there, so comefind us.
Speaker 1 (49:05):
That's great.
Thank you so much.
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