Episode Transcript
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Speaker 1 (00:00):
Why pay more in property taxes when you don't
have to?
I'm Sam Sosa, your local taxexpert with OwnWell.
In my 15 years of experience,I've won over 70,000 property
tax protests and I want to helpyou put money back in your
pocket this year.
Whether you own a singleproperty or multiple, you could
(00:21):
be saving hundreds, eventhousands with OwnWell.
We combine the best technologywith local experts to make
reducing property taxes simplefor you.
We'll file your protest,negotiate with the assessor and
attend any hearings, so youdon't have to Plus.
You only pay if you save.
I'm proud to say that 86% ofour customers receive a
(00:44):
reduction and hundreds ofthousands of customers trust us
every year.
Put money back in your pocketwith OwnWell.
See how much you could save inless than three minutes at
OwnWellcom.
That's O-W-N-W-E-L-L dot com.
Hi, I'm Sam Sosa, your localproperty tax expert at OwnWell.
In my 15 years of experience,I've won over 70,000 property
(01:08):
tax protests and I want to helpyou put money back in your
pocket this year.
Ownwell combines the besttechnology with local experts to
make reducing property taxessimple for you.
We'll file your protests,negotiate with the assessor and
attend any hearings, so youdon't have to Plus.
You only pay if you save.
See how much you could save inless than three minutes at
ownewellcom.
Speaker 2 (01:37):
Joining us now is Tony Ardaban of Wise Wolf Gold,
and we've got so much to talkabout, and again he set up
DavidKnight Gold.
That'll take you to Tony's WiseWolf and let him know that you
came through us.
And as we look at gold going uprecord prices, as Tony's always
said, you know when it startsshooting up, that's when
everybody gets interested inbuying it, and so it's kind of a
(01:57):
feedback loop, but there's someother fundamental things that
are driving it as well.
Thank you for joining us, Tony.
It certainly has been anamazing week, hasn't it?
Well, we keep saying that yeah,I know, every week it's like
they just go over again everytime I come in it's another
record
Speaker 3 (02:09):
high, david, and the monetary system is melting down.
Well, what's going to happennext week?
Stay tuned, folks.
The gold-silver ratio now is102 ounces of silver to make one
ounce of gold.
Isn 102, it's 102 ounces ofsilver to make one ounce of gold
.
Isn't that absolutely insane?
That is, that is History has usat 10 to 20, at most 10 to 20
(02:34):
ounces of silver to make oneounce of gold.
That changed around 1933, butit's never I mean never been
like this on a consistent basis.
102 ounces of silver to makeone ounce of gold.
That's a price disparity in andof itself.
But, as I was telling you offair, there's something really
wrong with the price of golditself.
Based off of the dollar.
(02:55):
I mean in 1971, it was $35 anounce, so it's almost 100 times.
It's almost 100 times what itwas on August 15th 1971.
And gold really hasn't gone upin value and of course it
increases about 2% or 3% a yearin supply, so it's kept up with
(03:15):
inflation and other things.
But that's the price of goldversus the purchasing power of
the dollar, and almost 100 timesDavid.
Absolutely amazing.
Speaker 2 (03:23):
That truly is amazing .
Yeah, and of course, we had alot of things happening with
pronouncements by Powell, thingshappening with the stock market
, stuff happening with tariffs.
This war between China and theUS a trade war is driving people
away from the dollar, away fromtreasury bills and, even more
so, into gold, as you and I havebeen talking about for the last
(03:45):
couple of years.
China's central bank and otherssaw this coming, especially saw
it with the tariffs, and theystarted moving away from the
dollar and towards gold.
They're seeing the resetting ofthe financial system and now I
don't know, I don't see anythingfundamentally changing with
this.
I think this is going to getreally crazy and I think this is
(04:07):
part of the financial meltdown.
I think Trump wants that.
Speaker 3 (04:12):
I do too.
What else would explain thissort of chaos?
Markets love certainty.
You're not making itadvantageous for companies to
move here, build here, investhere.
We haven't restructured, notworking on our internal tax
system, working on the externaltax system at the same time, so
we haven't lowered taxes, we'reactually raising taxes.
(04:32):
You know how I feel abouttariffs.
I like tariffs.
I think that there's sound.
I think they can create anenvironment of freedom and
liberty.
The problem is, if you add themon top of the income tax, you
just get a new tax.
Yeah, so it doesn't make anysense on its face, and I think
that's why this has nothing todo with economic nationalism,
has everything to do with thecontrolled demolition of the
(04:53):
American economy, the Americandollar.
It's the rhetoric back and forthbetween Trump and Powell.
Trump put out on his truth,social, that he's looking
forward to Powell's termination.
Termination can't come fastenough is what he said, based
off Powell's remarks on tariffsand everything else, and he says
(05:14):
he's always late.
He wants Powell to act and thisis part of the weaker dollar
strategy strategy.
If you really listen to whatTrump says, he's trying to get
the Fed to inject massiveamounts of liquidity into the
markets, qe and, of course,Powell, as we've covered for the
last couple of years, hasraised interest rates faster
(05:36):
than any other Fed chairman inhistory, trying to curtail
inflation so that it goesagainst the policy.
I mean, if you want to call theFed hawkish, it reverses all of
the Fed's policy over the pasttwo or three years and that
would be absolutely devastating,a final blow for the dollar.
If you will and it might lend,I think, a temporary boon to the
(05:59):
economy, I think we would seestock prices would soar, there'd
be a temporary high, butultimately, that sort of
injection right now when we'reat 125% of debt to GDP, david,
that would be the final blow.
I mean, I think after that we'dbe looking at the fallout from
that, because you could nolonger really do anything by
(06:20):
injecting liquidity.
That's like the last run.
It's just based off mathematicsand I think that's what Trump
wants.
I think he wants a giantliquidity injection and then you
can put a question mark overthat.
You know he likes injections.
Speaker 2 (06:34):
He likes injections, covid injections, maybe even you
know heroin injections, becausethat's what this is like.
This is like a junkie lookingfor a fix and you know he can't
get high anymore and he's goingto have to use more and more and
eventually he's going to OD andwe're going to have an economic
overdose of quantitative easing.
It's going to kill the economy,kill the government, and you
(06:56):
know this is, this is the guywho bankrupted casinos.
Now, one of the things that hereally I guess really got him
angry was what Powell said inhis remarks yesterday to the
Economic Club of Chicago.
I'll just read these to youhere.
We may find ourselves in achallenging scenario in which
our dual mandate goals are intension.
If that were to occur, we wouldconsider how far the economy is
(07:19):
from each of these goals andthe potentially different time
horizons over which thoserespective gaps would be
anticipated to close.
But then what really got him isIra, I think.
He said tariffs are likely tomove us further away from our
goals, probably for the balanceof this year, and he said, for
the time being, we're wellpositioned to just wait for
greater clarity beforeconsidering an adjustment to our
(07:41):
policy stance.
So what he's saying is like allthe businesses out there and
CEOs and everybody's like, well,we don't know what Trump's
going to do in another 12 hours,so let's just wait and see.
Right, it's this uncertainty.
You know that's the other thingthat has jumped into this, tony
.
Besides, you know the inflationand the spending and adding
taxes and everything.
It's the uncertainty abouteverything and that's freezing
(08:02):
everybody.
And even now Powell echoes itand says well, we're going to
just wait and see what he'sgoing to do, wait and see what
the stuff shakes out before wemake any policy commitments.
And everybody is doing thatwith their businesses across the
board, across the world.
Speaker 3 (08:17):
Well, absolutely.
I mean, the uncertainty is whatis causing all of the market
chaos and the whipsawing and theback and forth.
I noticed something.
There's a metric.
You know, the Chinese used tobe the largest holder of US
treasuries.
Now they're the greatest seller.
This is the upside down andthis is the changes that are on
the horizon are absolutelymassive.
(08:40):
You look at de-dollarization,continuing the trend If he gets
his wish.
I think that's what I thinkwe're trying to suss out here.
What is the goal?
Because, powell, he's not wrongabout the tariffs, because
we're placing tariffs on a topof a system that wasn't designed
for economic nationalism.
It doesn't look like policy.
(09:02):
It doesn't look like policy,and policy would be a
reformation of our currenteconomic system how we tax, what
incentives we give tocorporations and to individuals
and to investors to build thingshere.
We didn't do that.
We just put a relic on top of asystem from a bygone era.
(09:22):
We put a relic on there on topof a new system that is designed
for cheap liquidity, it'sdesigned for debt, it's designed
for fiat currency.
It's designed for you knowagain, currency creation in
order to survive.
You know the stock market in1971, go back to Nixon's era and
go off the gold standard.
(09:43):
This is a completely differenteconomy, different everything
you know.
It used to and you know this, Imean it was the stock market
was based off of earnings andyou know profit and loss
statements.
You know the Warren Buffett'sera.
It's no longer that way.
It's about ESG, it's about yourties to central banking and
venture capital, which all thatjust circles around itself.
(10:05):
This has nothing to do with oldmetrics and building things and
manufacturing and all thatstuff.
So, yeah, putting the tariffson there like that, it doesn't
make any sense and it will beinflationary.
But again, because we didn'tcause, there's no carrot, it's
just stick and that's the tell.
This is not about that.
(10:26):
It's about forcing powell orforcing a, a new chairman of the
fed, which is I'm surprised heeven stayed on in the.
I was always surprised hestayed on.
I thought this is, by a goodyou know, exit stage right there
, jerome, you should probablyexit because this is going to be
a bumpy ride.
Um, he didn't do that, so soyou know that's on him.
But something, something isgoing to happen.
(10:46):
I can't imagine they've gone allthis way to become fiscally
responsible.
I had a high school student, adaughter, a lady that works for
me in Branson.
She texted me earlier this weekand said can you tell me how
the US could balance the budget?
And so I sent her back an audiomessage and I said well, they'd
have to pass a balanced budgetamendment.
They'd have to cut spending.
(11:07):
They'd have to spend less thanthey took in.
This would have to be acomplete reformation of the
financial system.
And I said they'd have to.
We'd have to repeg the currencyto something stable so we
wouldn't constantly losepurchasing power.
There's a few steps you knowthere's you'd have to have.
Speaker 2 (11:21):
I would have sent her back a three word reply.
I'd say follow the Constitution.
Well, that's right.
That would be the big cuts tothe welfare warfare state that
eliminate for real all thisstuff.
That Doge is playing aroundwith the different on the
fringes.
Speaker 3 (11:40):
You know it just completely gone.
That's what it's going torequire Absolutely.
And I said, you know we'd haveto, we'd have to end.
I called it the welfare warfarestates.
There's about three, threethings to me.
If all the constitution, that'seven, of course, that's what
david and I would say I I had tomake it convoluted, but that's
what I looked at I said, but wedon't talk about that anymore.
Yeah, we don't talk.
That is not on the table.
(12:00):
So you know, I think that thatis the tell, if you want to read
the room, this is not thespirit of the age, the zeitgeist
, if you will, that they're notthrowing that out, saying we
need to become fiscallyresponsible.
Nobody talks about that.
This is all about strategy andwho gets left holding what.
Speaker 2 (12:19):
Yeah, this is the Machiavellian monetary theories.
Speaker 3 (12:22):
Oh, I like that.
Speaker 2 (12:24):
Another MMT, right?
How can I use this politicallyfor something?
You know?
It was interesting.
You mentioned it's all stickand no carrot, and that was the
same thing that a commentator onRT, on Russia Today, said as
well, in terms of talking aboutthe two big issues here.
How is the EU going to respondto Trump's tariffs and things
(12:45):
like that?
How is China going to respond?
They said, well, you know, forthe EU, because of you know the
dominance of the US in so manydifferent ways with them, they
will probably grudgingly goalong, but it's all stick and no
carrot.
They don't get anything out ofit.
He hasn't given them anythingto go that way, but he's got a
big enough stick that he couldbeat them with that.
Maybe they'll go that way.
(13:06):
And so for China, he's talkingabout it, and this is a key
thing when we start talkingabout devaluation and things
like that.
China devaluated their yuan,and so what's Trump going to do?
Is he going to respond withthat?
Is he going to devaluate thedollar?
That's part of what they'vealways done with the China price
is currency manipulation, andso how does he respond to that?
(13:29):
Everybody says, well, trump'sholding all the cards because we
buy more from them than theybuy from us?
Well, not at all.
I mean, besides the rare earthminerals that they've just
stopped that, they've got like90% of the processing on
globally.
So they just stopped that.
They can devalue their currency.
They have also matched him ontariff rates.
So as he goes up, they go upand they keep going up, but he
(13:50):
doesn't have any cards to playwhen it comes to devaluation,
because that's going to workagainst dollars, certainly work
for the advantage of gold.
And when it comes to mineralsand other things like that, it
seems to me like he doesn't havethe cards.
He's got the big stick withEurope, but he doesn't seem to
have the cards in the trade warwith China, and I think that
(14:12):
that's going to continue to goon.
And I think it's thisinstability that is there, this
uncertainty that he's created,that is driving gold the most.
Don't you.
Speaker 3 (14:21):
Well, that's what the Chinese are buying gold.
They're dumping treasuries tobuy it.
The world's buying gold, um,and I think this has been
happening really acceleratedrate since 2022.
When you look at when we putthe sanctions on russia and then
the the uh, the ruble fell andthen bounced back and then they
stopped using dollars and went,did direct trade deals with
(14:41):
places like India and China forfor petroleum, for gold and vice
versa.
I think what we're on the cuspof is a a world that's moving
away from the dollar.
I've said for a while I thinkgold is already the world's
reserve currency.
It's just not in name and it's.
That's what bricks is workingon and cross border payment
(15:02):
systems.
You know, if this was 20 yearsago, you could probably take on
the Chinese, no problem, butwe've given them so much.
We gave them the infrastructure, we gave them the trade, we
gave them the technology.
Speaker 2 (15:18):
We gave them cheap energy.
We gave them cheap energy.
Yeah, you think you're going tomanufacture.
Sorry, opened everything forthem.
Speaker 3 (15:25):
You know we built them up so we could do something
like this, because we can blamethe other.
I think this is another part ofthe Great Reset, or the
technocracy, all the thingsThey've been building up China
since the trilateralists formedin 1973 with Zygmunt Brzezinski.
It's moving the technologyeastward and building up their
(15:46):
infrastructure and, of course,we opened China in 72.
Everything following thetimeline.
David, last trade surplus theUnited States ran was 1974.
This all makes sense if youlook at it in reverse.
And now we get here.
It's hard to see exactly whatthe next move is, but it's not
good.
I think it's just using this asa buffer, using them as the
(16:07):
other, setting up the boogeyman,because the damage that we've
done to ourselves with our ownpolicies, with globalization and
with the empire the Americanempire has been absolutely
disastrous and this can't lastforever.
That's what we're up against,is a.
The timeline is the window forus fixing our currency and our,
(16:28):
our system is rapidly closingand, um, it's not going to be
great, it's not going to be,it's not going to be sunshine
and rainbows on the other side.
I hate doing this because itsounds so pessimistic.
I know, um, but you just, I, Imean, look, the dollar was $35
an ounce for gold in 1971.
And now it's almost 100 times,almost.
(16:51):
I mean, right there, I didn'tthink.
This is something I've beenstudying for years and years and
I got to say this all the time,but it's moving faster than I
thought it would.
I mean, we're really in adifferent timeline now.
Speaker 2 (17:02):
Yeah, Peter Schiff had said.
This is what I've been talkingabout for as long as time is
here, you know, and all of thegold bugs have all been saying
that, but that's the case, asyou point out, you know that
ratio to silver everything isflowed into gold, right.
It's not into Bitcoin, it's notinto silver, it's not any of
these other alternatives tothese fiat currencies is all
(17:22):
going into gold right now, andso it's acting like a big hose.
That's there, you know, andthat's one of the other things.
Bitcoin, as one person said,well, we're poised for a 2023
style rebound.
As Goldman says, the dollar isovervalued.
Now that's coming from Coindeskand they're going to look at it
.
Oh well, the dollar isovervalued, so we can have
(17:44):
rebound with Bitcoin.
Well, not necessarily.
You know, it's just like thesilver thing.
Is it going to be gold thateverybody's going to run into?
And that's what we've beenseeing.
Is that?
That's where the?
Uh, the foreign banks are going, the central banks are going
and a lot of individuals aregoing into gold because they see
that as the you know, the uh anIsland of stability and this
(18:06):
chaotic situation that Trump hasmanufactured.
What do you think about Bitcoin?
I mean, is that going to regainthis or is it going to kind of
hang around and wait for theeconomy to settle down on the
stock market and all this otheruncertainty about tariffs?
Speaker 3 (18:22):
Well, I think Bitcoin is actually held up okay.
It hasn't done.
I mean, this has always beenthe question is Bitcoin digital
gold?
In times of uncertainty, intimes of fear, in times of chaos
, can Bitcoin hold its own?
It certainly has done okay.
Give it a C minus.
It's not a failure.
(18:42):
But it did have a lot of pricedrops since inauguration day,
which was, I think, 108,000.
I think it was trading theother day at about 86,000.
So not terrible.
And it's not like a lot ofthese stocks, I mean, or some of
these mean coins, other thingsthat are digital assets, like
(19:03):
Trump coin or whatever that justplummets.
So it's held up okay.
I think Bitcoin and theinfrastructure and I have a
Bitcoin company I think longterm it goes, I think, hand in
hand with gold in some way, andbecause it's a digital, it says
something that gold can't do,but gold does something that
Bitcoin can't do.
(19:23):
A lot of these people that areBitcoin maximalists I scratch my
head.
I don't really understand whythey think that Bitcoin will
demonetize gold or demonetizesilver or everything goes to
zero again.
It seems kind of cultish.
I mean, I like some of thoseguys.
They're very smart people, butat the end of the day.
I don't agree with that.
I think it's just another asset, alongside of precious metals,
(19:46):
that has a long-term viability.
I don't like any other cryptos.
I don't sell any other cryptos,I don't deal in them.
I think Bitcoin it is an islandunto itself, so I'll leave that
and put a pin in it.
I don't know.
I'll hang a question mark overit.
Think that, um, I definitelysee a rally for bitcoin sometime
in the next 24 months, um, butright now, nobody's doing
(20:11):
anything.
Speaker 1 (20:11):
I mean the you can't control inflation, but you can
challenge your property taxes.
I'm Sam Sosa, your local taxexpert with OwnWell.
In my 15 years of experience,I've won over 70,000 property
tax protests and I want to helpyou.
Put money back in your pocketthis year.
Whether you own a singleproperty or multiple, you could
(20:34):
be saving hundreds, eventhousands with OwnWell.
We combine the best technologywith local experts to make
reducing property taxes simplefor you.
We'll file your protests,negotiate with the assessor and
attend any hearings, so youdon't have to Plus.
You only pay if you save.
I'm proud to say that 86% ofour customers receive a
(20:57):
reduction and hundreds ofthousands of customers trust us
every year.
Put money back in your pocketwith OwnWell.
See how much you could save inless than three minutes at
OwnWellcom.
That's O-W-N-W-E-L-L dot com.
Speaker 3 (21:13):
When, there, I think what might happen, I think you
and I can probably.
What was that?
What was the Johnny Carson bit?
You know where he puts theletter and opens it up.
Speaker 2 (21:25):
he already knows the great Karnak, yeah.
Speaker 3 (21:27):
The Karnak, yeah Karnak.
Speaker 2 (21:29):
Karnak was magnificent.
I think yeah.
Speaker 3 (21:32):
Yeah, it was like what is quantitative easing?
That's what we're going to get,and when that happens it always
happens.
Following that, when they getsome new Fed policy and there's
trillions dumped in or something, there will be this boon.
It'll be like everything ishappy and everybody's doing
great, and then Bitcoin willrise.
There will be a sell-off ingold at some point, a little bit
(21:55):
of sell-off.
It'll pull back, maybe not thatfar, but there'll be some.
I think that's what happens alot when, when these, in these
times, when there is anopportunity to buy something,
people will liquidate their goldholdings, which puts pressure
on the price, and so that'llcome out, and I think Bitcoin
will go back over a hundredthousand.
We're not that far away from it.
It'll top another hundredthousand, but I don't.
(22:22):
In this current environment, alot of these new technologies
can't grow, whether it's ai,whether it's crypto.
It's just stagnant.
It doesn't know what to dobecause the global order is
being reset.
That's right.
The, the entire global economy,is being reset.
So for the, for the foreseeablefuture, it's commodities, and I
think maybe in the, maybe inthe totality of this decade and
to this century, it's going tobe commodities rare earth,
(22:43):
minerals.
Who controls things like crudeoil and gold and silver and
other things, I think realestate, timber.
I think those will be that'strue wealth and all the other
stuff is speculative.
Be that's true wealth and allthe other stuff is speculative.
Speaker 2 (22:58):
So I think I got a question from somebody.
When you mentioned commodities,I got a question from somebody
here.
James Faithways says can youask Tony what he thinks of
buying a little copper?
I understand the premium ishigh and that it's not really
considered to be a preciousmetal, but I can't seem to get a
straightforward answer on it.
He says so what do you thinkabout that?
Speaker 3 (23:18):
I think it's a great idea.
If you can get copper, it'sonly good.
Look, copper against anycurrency.
That's what you have toremember that if you're using
fiat currency, whatever currencyit is worldwide, whether it's
the Chinese yuan, whether it'sJapanese yen, whether it's the
euro, whether it's the poundsterling yuan, whether it's
Japanese yen, whether it's theeuro, whether it's the pound
(23:39):
sterling, if you're buying acommodity that is limited, it's
finite in this market, you'redoing good.
You're going to replacesomething.
I mean copper.
I wouldn't necessarily.
I mean, in history the copperhas been money because it's been
the penny and other type ofcoins.
We stopped copper pennies in1982, yeah, um, but there's
still any penny prior to that iscopper if you go look at it.
(24:02):
So next time you know you see acopper penny, you should save
that.
It's worth more than the cent.
Um, you know, put, put thataway.
So I I think, yeah, copper is ais a.
I sometimes we put copperionrounds in, uh, for gifts and
things like that, into Wolfpackand to some of the direct
purchases that we get at WiseWolf.
(24:23):
Um, because it's just, it's anextra little thing.
But, yeah, I mean, I have.
I actually have copper bars Ibought from a customer years and
years ago, but they had, likeyou know, 10 ounce, 20 ounce, uh
, copper bar.
Yeah, stack those, and if, atthe end of the day, that's
wealth, yeah, Especially whenTrump is stacking taxes you
(24:47):
might want to stack taxes on topof taxes.
That's what I was, you knowstart stacking it.
Speaker 2 (24:53):
Yeah, that's it.
Yeah, you know, when you look atthis and we were talking about
crypto before I think the playthat's going to happen is going
to be stable coins, becausethat's something that they're
going to use and we're seeingthis more and more people
talking about it.
This article headline from ZeroHedge stable coins supply to
surge to $2 trillion in order tosupport the US dollar's
(25:17):
hegemony, and I think that'sexactly what the play is.
When you look at Lutnik and hisor Lutnik, whatever it is when
you look at his connection withTether and how much he is in the
treasury bonds and things likethat, as countries are getting
more and more reluctant to buythe treasury bonds, they can get
(25:38):
a stable coin to suck it up andit's a dual win for them,
because they can start to moveus over to a digital currency.
They can use that then tocontrol us economically, to deny
us being able to use it totrack what we're spending, but
then it also soaks up theirtreasury bonds and their debt as
other people start to getreluctant to it.
(25:59):
What do you think is going tohappen with that?
Is that the path that you seemoving forward?
Speaker 3 (26:04):
Well, unfortunately, I think that's the trend.
It has to come in that form.
You know, based off of therhetoric of, you know, being
anti-CBDC.
I always thought there wassomething underlying that.
There was something underlyingthat.
I think this is the.
What did Zygmunt Brzezinski say?
We need an end run aroundsovereignty.
You know, with the technocracy.
We need an end run around it.
They're going to do an end runaround your perceived notion of
(26:28):
CBDC with stablecoin.
That's right and it's reallynot that hard to suss out when
you give it five minutes ofthought.
Because this era of history,this timeline, the resetting of
the global financial order, thegenerational wealth that will be
(26:48):
created, if you will, when theychange the monetary system I
think a lot of this is on thetable.
I think they're looking at whowill control the keys to some of
these technologies blockchain,whatever it is, it won't be
Bitcoin.
It won't be Bitcoin.
I know too much about Bitcoinand the decentralized network.
(27:10):
It won't be Bitcoin.
I don't see it being that.
I think you're right.
I think the thing to watch isthe stable coin and those who
control that, and then you knowpairing that with things like
the dollar, but it's worldwide.
You know the Bank ofInternational Settlements has
been working on.
You know, the clearinghouseaspect of this, the IMF with
(27:34):
their Unicoin.
It's all about centralizationand the technology of blockchain
, using these stable coins toget back somehow to what's the
original goal.
I don't think we've ever perhapswe've never left the paradigm
of the old new world order.
I mean, maybe we never reallyleft that and this is all a
(27:56):
distraction to give us, you know, the illusion that there's, you
know, uh, a populist uprising,but perhaps this has all just
been a, you know, and it looksmore and more like that.
It's like a funhouse mirrorversion for people like me that
are nationalists and believe andthink like the way that the
country was built.
And then you see, you finallyget the tariffs and then they're
(28:16):
, they're this, yeah, oh yeah,and you just go wait, that's not
what I was, that's not what Imeant, um, and you know, or you
get this, it's.
This is a very strange time, soit's hard, I think you know,
when you really just go back,well, perhaps this is just, uh,
it's all a pageant the world'sstages, as shakespeare said yeah
and uh, and trump is anearthquake.
Speaker 2 (28:36):
Uh, he's, it's.
He's just he's juggling thetariffs, you know.
And are we not amused at seeinghim change them every couple of
hours?
You know it's insane what ishappening with it.
But, yeah, it's stacking thetaxes and it is also the
uncertainty and the you know thecapricious and arbitrary nature
and how it's constantlychanging.
(28:58):
That's what's really wreckingeverything.
You know, you and I have bothagreed that we like tariffs
better than we do an income tax.
I like any kind of tax betterthan I like that.
I don't like taxes.
I don't think taxes are anengine of growth.
But now you got people outthere who are cheering it oh, we
got to have tariffs.
You know it isn't.
It was the absence of taxes anda small government that made
(29:18):
America great and they forgetthat.
But when we talk about thisstablecoin thing, it's
interesting to see.
There's a couple of articlesthere on Zero Hedge.
The first one I just quoted youthe headline for, about
stablecoin turning into $2trillion and soaking up the
debts and supporting the USdollars, hegemony and that type
(29:39):
of thing.
But then also the fact that thedebanking issue with crypto has
not been solved yet by theTrump administration.
You know that was going to be.
That was the attack that wascoming on all the crypto
community under Biden.
That's still an issue andthat's going to be an issue if
we got stable coins, becausethey're going to be able to
(29:59):
effectively debank individualsand stop you from buying certain
things.
You know it might be a geofencearound a particular area.
You know you can't take yourcoin out of your 15-minute city
or whatever.
Maybe it's going to be ageofence around a particular
item.
You can't buy this kind of gun,or guns at all that type of
stuff.
So there's all these differentways that they can use it to
(30:21):
control us and I think that'swhere that's going to go.
But with everything that'shappening, as I said earlier,
peter Schiff said this is whatI've been talking about for
years.
This is the dollar bubble justburst, was his statement about
it, and he's not the only onesaying that.
I mean he's a gold bug.
He's always been saying that.
But now there's articles onplaces like MarketWatch saying
(30:43):
the US dollar's role as the defacto global reserve currency is
looking increasingly uncertain.
They're going to have to pivot,just like they did when Bretton
Woods too, where they went tothe petrodollar, they're going
to have to pivot to somethingelse.
I think it's going to be thestable coin, because then that's
how they're going to try topreserve their Machiavellian
power and then usher in the newtechnocracy as well, the
(31:06):
surveillance state, I think.
I think that's where they'regoing to pivot.
Speaker 3 (31:10):
Well, and I think they'll say the advantage that
they have there.
What makes it different thistime is that they have the
ability to expand.
They can do it in real time andthey can use this technology.
So we'll never get, you know,we can always account for every
single cent.
That's the way they'll sell itand this is the way we can
(31:32):
control it to be stable.
It's a stable coin.
Yeah, you know something likethat.
But really it's about, you know, we've said it, Catherine
Austin Fitz has said it'ssurveillance disguises money.
That's what they haven't givenup their goals for, these
control grids and things thatthey want to do with the
financial system.
But at the same time, a lot ofthings are out of their control.
(31:53):
I mean, you look at the historyof the dollar and where we were
in price structuring againstgold and then everything that's
kept gold suppressed.
I think all of those things.
I think the wheels have comeoff.
I think the black Swan event wasthe tariffs in a lot of these
countries.
I mean, look at Germany.
Germany is absolutely worriedabout its gold holdings in the U
(32:16):
?
S.
That's a country, it's not a,it's not a corporation, I mean
it's a whole country.
That's like hey, is thisavailable?
Can we get that?
They want an audit.
All that stuff that's going on.
They're not alone and a lot ofthese vaults got cleaned out.
The London bullion market thatgot cleaned out.
A lot of their holdings wererepatriated.
(32:36):
Nobody knew exactly.
So when those contracts, thestuff that they've papered over
for years, David, like hidingdeep in those vaults, all these
papers, you have to account forit at some point, I think.
I think that it's anybody'sguess at this point.
And what?
Where we end up on price, wherewe end up at anything,
especially when the ultimategoal here of the Trump
(32:58):
administration is not economicnationalism, it's quantitative
easing, and so we just look.
It's not about strengtheningthe dollar, it's not about
having a state, it's about shortterm boons in the stock market,
and I think that ultimately,that's fake.
If you're buying gold and silverright now, I think you're doing
doing yourself a favor byholding on.
(33:20):
You're preserving your wealthas the currencies of the earth
continue to go to zero.
All fiat currencies, folks goto zero.
History does not show me onesingle currency backed by
nothing that stays around.
That's hung around.
The average lifespan is 26years.
I don't have to be some sort ofseer.
(33:42):
You don't have to beNostradamus, you don't have to
be the smartest man in the room,you just need a library card.
You can figure this out.
It's going to zero, or it'sgoing to to a place where it's
you don't recognize it.
It's like we talk about everyweek.
I mean, you go look at the priceof silver.
In 1980 it was 52.50 an ounce.
Well, that doesn't even makeany sense today, I mean right
(34:06):
now.
I look at the spot price,You're at $32.17 an ounce and
it's 2025, and we debased thedollar trillions and trillions
of times over.
I mean.
So what does that mean?
Well, I just think all of thisis the metrics.
You're judging it the wrong way.
There's something elseunderlying this and I think the
(34:27):
wheels are going to come off andI think we'll see a true price
valuation sooner than later.
I agree.
Speaker 2 (34:32):
Yeah, I think you know the fact that gold is taken
off from silver and fromBitcoin is a function of what a
lot of foreign governments aredoing.
You know they see gold as thatcurrency of exchange, not
necessarily these other things,and so I think they're piling
into that a lot and I think thatthe public has picked up on it.
They look at gold as a safehaven.
I look at it as privacy.
(34:54):
All these different commoditiesand things like that.
I see it as a privacy issue andI don't think you can put a
price on privacy when you'retalking about these digital
currencies.
So, regardless, you know it'sgreat if it goes up and I'm
holding it or whatever, but youknow, to me it's really about
the privacy, because I thinkthat the stable coin thing is
what they're pivoting towardsand that's going to be.
(35:16):
You know, really, you knowthey're they.
They tied the petrodollar inthere to energy and of course,
that's something technocracywanted to do and they tied it to
something that was real.
But this time, as you point out, with ESG and all the rest of
stuff, their objectives arereally about total control, and
so they've got to have some kindof a digital currency, and the
(35:38):
stable coin would be a way theycan get that digital currency
and still maintain theirhegemony.
When we look at what ishappening, I'm looking at all
these different headlinesmaintain their hegemony.
You know, when we look at whatis happening, I'm looking at all
these different headlines uh,gold jumps a hundred dollars,
gold up 25% for the month orwhatever.
And how did it get?
Was it a 30, 33, 70 something?
Was it?
Yes, yeah.
Speaker 3 (35:56):
It's almost $3,400 an ounce.
That's amazing, yeah.
And and the calls now are are4,000.
Wow.
I think there's analysts inmajor banks that are saying
4,000.
Wow, Because when you havede-dollarization worldwide, what
is the price of gold?
Speaker 2 (36:15):
Mm-hmm, yeah, what is the price?
Speaker 3 (36:19):
I don't think we've.
This isn't the price discovery.
I don't think it's true andmuch of what has happened over
the years with Stuart Angler,you know, who wrote the book
Rigged I've had on my show hespent his last 30 years looking
at gold price suppression andhow they've done it.
I don't think they can do itanymore, David.
(36:40):
Perhaps they don't want to.
Perhaps this is part of that,because it doesn't seem like
anybody's putting an effort in.
I mean, the Fed is watchinggold.
Believe me, the Federal Reserveis watching gold right now, very
, very closely, looking at this,wondering what their next move
is going to be, and the world iswatching it.
That's why I think that youknow I said this back in
(37:01):
December I think gold is theworld's reserve currency.
The dollar has been supplanted.
You go back to Basel III inSwitzerland, the Bank of
International Settlements, in2021, that's when they removed
gold from a Tier 3 asset to aTier 1 asset and then central
banks started supplanting theirholdings and it surpassed the
(37:27):
euro.
So it was way down on the listand now it surpassed the euro as
number two holdings of centralbanks around the world.
The number one is the dollar,but I think that's only for
transactional at this point.
It's not about stability.
I think the world is moving togold faster than I thought
possible, but it's certainlyhappening right before your eyes
(37:50):
.
Speaker 2 (37:50):
Well, everybody was concerned about it and became
more concerned because of Bidenusing it, weaponizing it back in
2022.
And then Trump has just doubledand tripled down on it.
It truly is amazing.
I got a question from a highbooth for you.
He says can you ask Tony,wouldn't it just be wise for
businesses to wait four yearsand let the next selected
president fix all of Trump'smistakes?
(38:11):
Is he just the Hegeliandialectic he says?
That's there.
Speaker 3 (38:17):
I think we pay way too much attention to the
so-called policies of eitherparty or whatever's going on.
And you, you have to startthinking in terms of your, your
own autonomy and sovereignty,and what's the best move.
You think outside of politicsand whether what administration
is going to do X, y or Z.
You know, david and I talkedabout this before the selection
(38:40):
and we said what's going tohappen.
I think we called it.
You know what's going to happen.
We talked on Halloween what'sgoing to happen on the election
If it goes Harris or it goesTrump, and I think we called it,
and now it's resetting itself.
It didn't even matter becausewe threw the tariffs in
(39:10):
no-transcript.
We're not fixing our fiscalhouse, we're not reigning in the
empire.
There's nothing new here.
It's just the fundamentals areall there.
So I think it doesn't matterwhat administration you need to
bank on yourself.
Understand what the differencebetween currency and money, but
(39:31):
there's always underlyingopportunity in this too.
I don't want to sound like analarmist, but I don't think it's
going to get better from thetop down, and I definitely.
If you've got a 401K or IRAfolks and there's a temporary
lull, you really need toconsider putting that, and this
is not financial advice.
Can I just bracket that I don'tknow where the prices of metals
(39:52):
are going, but I feel like Iknow where the prices of some of
these stocks are going in thesepools of so-called value.
I don't think we're going tohold up well in an uncertain
world or any of the thingsespecially.
I said something, I looked atsomething the other day and I
brought it up on the show $1.2trillion of holdings of the
(40:17):
mortgage-backed securities thesame that acidic thing that had
like the China syndrome where itmelted into the markets and
caused the 08 debacle.
$1.2 trillion of those holdingsare held by foreign governments
and the largest foreigngovernment holder is China.
So China can literally just.
(40:37):
You know you're not going towin this If you're going after
China with a stick.
They've got too much leverageand they think long term.
We think presidency topresidency.
They think a hundred years inthe future and infrastructure.
They'll lose for a long timejust to win in the end.
So you're not going to beatthem that way.
You know, if you really wantedto go after China, you would.
(40:59):
You create a, an atmosphere ofLiberty.
You create an atmosphere.
You would have, you wouldincentivize, you would take off
the regulations, you would, youwould give people certainty and
incentive and that's that's theyou know.
Just the same way you balancethe budget, you know, follow the
constitution.
That's good.
Speaker 2 (41:18):
You have stability and freedom and Liberty and
stability and Liberty would winevery time.
But instead they want to becomelike China.
Right, and because we've alwaysseen this from all these
presidents Remember George WBush, I wish I could be like the
Chinese government.
Just tell everybody what to do.
Or you see Trudeau saying this.
I love the fact that they canjust tell people what to do.
I wish I could do that.
(41:38):
They all want that, and that'swhat we're seeing from Trump.
Everything is an emergency, andthe solution to every emergency
is to let him make all theorders, you know, and dictate
the solutions, and so you knowhe wants to be like Mao or Xi or
whatever, and so it's crazy,but that's where they're headed,
(41:59):
and so the best thing that wecan do, I think, is to try to
get out of that system, try tomaintain privacy as much as we
can, try to prep for what iscoming.
And a lot of people are lookingat this and the instinct of a
lot of people, especially who'vebeen in the stock market as
they see the stock marketfailing, they decide they're
going to get into these gold andsilver ETFs, and that is not.
(42:20):
I wonder how they have beengoing, because I first caught on
to that.
I did that myself for a while,and then I saw that when gold
started to move, they weren'tmoving and I thought what's up
with that?
Why isn't that going?
Why is that going up?
Why is it flatlining?
And then I realized, as Ilooked into it, it's like no,
they're not.
This is not actually, you know,an ounce of gold there that
(42:43):
they're splitting in 10different ways.
You know selling you a share ofit.
No, that's just anotherderivative, like the real estate
market derivatives, you know,and you don't really own
anything in that.
So it's really key for peopleto have it on their own.
That's when it's private,that's when they can't take it
away from you and when you'veactually physically have it.
You know.
That's the key thing, I think.
Speaker 3 (43:05):
Wasn't it Jefferson that said that paper was poverty
or something?
Like that right, so paper ispoverty.
Speaker 2 (43:12):
We got to the essence , didn't we, of all these
different things.
Speaker 3 (43:15):
It's so funny.
Yesterday here in Denison,texas, I went by and talked to
my accountants, my bookkeepersand I'd just done a trade, I'd
consolidated a lot of stuff.
I got to take the trading floorand I held up a bag.
I said this is fifty thousanddollars.
And it was, you know, gold, oneounce eagles like this fifty
thousand.
They just looked at it and heldit.
Speaker 1 (43:32):
They're like that's not, that's not a lot yeah, you
know like they thought it wasgonna be like a suitcase or
something like no, that's fiftythousand dollars it's just a
ziploc bag full of coins.
Speaker 3 (43:42):
I'm like, no, that that's what happened.
I go, you know, and I go.
Basically, you know, if you goback to this would be about $500
, you know, in 1971.
Speaker 2 (43:56):
That's amazing.
Well, it's uh.
So tell us what's going on atat um, at Wise Wolf, I imagine
you're really pretty, uh, prettyheavy there.
People are looking at this andand you've got headlines saying
you know, gold is going to gohyperbolic and this may be the
start of it.
So there's kind of a marketmania that's happening.
Speaker 3 (44:15):
I don't know.
I don't know what happens next.
I think there's a strain onthese institutions with this
price going the way it is.
I mean, honestly, I like astable price, I like just kind
of clear, cut and dry in and out.
That way, you know, um, I thinkthere's going to be a lot of
urban gold mining going on.
Um, what I mean by that?
People are going to go throughgarage sales, start going
(44:37):
through their attics, startlooking just like they did in
the 70s with silver, I thinkthere's just.
Speaker 2 (44:42):
You're going to have rappers pulling out their teeth
and selling them.
Speaker 3 (44:45):
Yes, I bought lots of teeth over the years.
I've bought crazy things.
You couldn't believe.
Between San Antonio and hereand Branson I bought some crazy
things.
But I think I'm going to seelots of urban gold mine.
I think the price continues,especially in this environment.
So you know it's hard to say,david, what happens to supply.
(45:05):
I think silver is an outlierright now.
Price reflection I don't thinkthat we have true valuation or
even close to it now.
So if you're stacking silver, Ithink you're doing yourself a
favor at some level, becauseit's just super cheap based off
of where everything that I know.
Um, I think silver is just agreat thing to have and if you
(45:29):
have those, uh, those iras and401ks, you really ought to let
us take a look at putting you insome bullion.
Get you out of this.
You know, I think that thisroller coaster ride and I don't
know where we're headed, butit's a it might be advantageous
for you to take a look at itjust converting that into
something physical outside ofthe financial system, that you
know that it's, you know, storedwhen the third party, that you
(45:52):
know these vaults, that they'renot in, that they're not a bank,
and I don't trust these CEOs.
I don't trust anybody who'swanting Jerome Powell to cut
rates so and that's what they'reall looking for.
So I'm just I'm working on,continuing to work on supply and
infrastructure and Wise Wolf'sgoing to stay lean.
We have the Wise Wolf Bitcoin.
(46:12):
We're up and running.
So if you've got, you want tobuy some Bitcoin or, you know,
sell some Bitcoin we buy, a selland we have the ability for you
to use it as cash for purchases.
So if you've got some Bitcoin,you want to turn it into some
precious metals, give us a call.
That would be great.
Speaker 2 (46:31):
Yeah Well, it was always great talking to you,
tony.
I really do appreciate yoursupport of the program and the
things that you've got there atWise Wolf For the longest time.
Like you said, we appreciatehaving stability.
For the longest time we wentthrough this period where you
could gradually accumulate stuff, and you set up Wise Wolf
Wolfpack to let people do thaton a gradual basis, and we're
(46:52):
seeing that you know thedollar's losing a few percentage
points of value every year andit accumulates over the long
term, and so that was kind ofthe long term stable thing.
But now we're getting intocraziness and I guess you know a
lot of people are saying thisis great because Trump is
scaring everybody.
He's making them very muchafraid of him because he's
acting like a crazy man.
But then you can only do thatfor so long and then it's going
(47:16):
to really backfire on you and soit's going to be a rough ride,
I think, and so it's good to tryto get out of the system as
much as you can, try to getsomething of value that you can
physically hang on to yourself.
I think that's an importantpart of prepping and you've got
a lot of programs there to helppeople do that.
It's been great to deal withyou over the years and really do
appreciate your support of thisprogram, and you've got a
(47:38):
program that's coming up rightafter this program.
Is that correct?
Speaker 3 (47:41):
Yeah, god willing, if there's no work going on in my
house Arterburn RadioTransmission 11 am Central Time
We'll kind of dive more intothese headlines and stuff that
you and I have gone over.
Speaker 2 (47:53):
That's great.
And where are you right now?
Where are you broadcasting?
Speaker 3 (47:56):
Twitter.
Right now I'm in Denison, texas, and I'm broadcasting over the
X at Tony Arterburn and Rumbleon the America Unplugged channel
.
We're working on some newchannels as well, so I'm looking
at some new streaming stuff.
I need to talk to you andTravis also.
Speaker 2 (48:10):
Yeah, yeah, yeah, Kick looks like it's got a lot
of nice features for streamingas well.
It's really kind of set up forstreaming, I think from what
Travis was saying.
I haven't looked at it.
Travis has been the one who'staking care of that.
All All right.
So coming up on Rumble and on Xright after this program, you
can find out more from Tony.
And again, DavidKnight Goldwill take you to Tony Arterman's
Wise Wolf Gold, a way to get toan island of stability in this
(48:35):
storm, and that is physicalmetals that you hold yourself.
Thank you so much, Tony,Appreciate it.
Thank you, Dave.
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Speaker 2 (01:37):
Joining us now is Tony Ardaban of Wise Wolf Gold,
and we've got so much to talkabout, and again he set up
DavidKnight Gold.
That'll take you to Tony's WiseWolf and let him know that you
came through us.
And as we look at gold going uprecord prices, as Tony's always
said, you know when it startsshooting up, that's when
everybody gets interested inbuying it, and so it's kind of a
(01:57):
feedback loop, but there's someother fundamental things that
are driving it as well.
Thank you for joining us, Tony.
It certainly has been anamazing week, hasn't it?
Well, we keep saying that yeah,I know, every week it's like
they just go over again everytime I come in it's another
record
Speaker 3 (02:09):
high, david, and the monetary system is melting down.
Well, what's going to happennext week?
Stay tuned, folks.
The gold-silver ratio now is102 ounces of silver to make one
ounce of gold.
Isn 102, it's 102 ounces ofsilver to make one ounce of gold
.
Isn't that absolutely insane?
That is, that is History has usat 10 to 20, at most 10 to 20
(02:34):
ounces of silver to make oneounce of gold.
That changed around 1933, butit's never I mean never been
like this on a consistent basis.
102 ounces of silver to makeone ounce of gold.
That's a price disparity in andof itself.
But, as I was telling you offair, there's something really
wrong with the price of golditself.
Based off of the dollar.
(02:55):
I mean in 1971, it was $35 anounce, so it's almost 100 times.
It's almost 100 times what itwas on August 15th 1971.
And gold really hasn't gone upin value and of course it
increases about 2% or 3% a yearin supply, so it's kept up with
(03:15):
inflation and other things.
But that's the price of goldversus the purchasing power of
the dollar, and almost 100 timesDavid.
Absolutely amazing.
Speaker 2 (03:23):
That truly is amazing .
Yeah, and of course, we had alot of things happening with
pronouncements by Powell, thingshappening with the stock market
, stuff happening with tariffs.
This war between China and theUS a trade war is driving people
away from the dollar, away fromtreasury bills and, even more
so, into gold, as you and I havebeen talking about for the last
(03:45):
couple of years.
China's central bank and otherssaw this coming, especially saw
it with the tariffs, and theystarted moving away from the
dollar and towards gold.
They're seeing the resetting ofthe financial system and now I
don't know, I don't see anythingfundamentally changing with
this.
I think this is going to getreally crazy and I think this is
(04:07):
part of the financial meltdown.
I think Trump wants that.
Speaker 3 (04:12):
I do too.
What else would explain thissort of chaos?
Markets love certainty.
You're not making itadvantageous for companies to
move here, build here, investhere.
We haven't restructured, notworking on our internal tax
system, working on the externaltax system at the same time, so
we haven't lowered taxes, we'reactually raising taxes.
(04:32):
You know how I feel abouttariffs.
I like tariffs.
I think that there's sound.
I think they can create anenvironment of freedom and
liberty.
The problem is, if you add themon top of the income tax, you
just get a new tax.
Yeah, so it doesn't make anysense on its face, and I think
that's why this has nothing todo with economic nationalism,
has everything to do with thecontrolled demolition of the
(04:53):
American economy, the Americandollar.
It's the rhetoric back and forthbetween Trump and Powell.
Trump put out on his truth,social, that he's looking
forward to Powell's termination.
Termination can't come fastenough is what he said, based
off Powell's remarks on tariffsand everything else, and he says
(05:14):
he's always late.
He wants Powell to act and thisis part of the weaker dollar
strategy strategy.
If you really listen to whatTrump says, he's trying to get
the Fed to inject massiveamounts of liquidity into the
markets, qe and, of course,Powell, as we've covered for the
last couple of years, hasraised interest rates faster
(05:36):
than any other Fed chairman inhistory, trying to curtail
inflation so that it goesagainst the policy.
I mean, if you want to call theFed hawkish, it reverses all of
the Fed's policy over the pasttwo or three years and that
would be absolutely devastating,a final blow for the dollar.
If you will and it might lend,I think, a temporary boon to the
(05:59):
economy, I think we would seestock prices would soar, there'd
be a temporary high, butultimately, that sort of
injection right now when we'reat 125% of debt to GDP, david,
that would be the final blow.
I mean, I think after that we'dbe looking at the fallout from
that, because you could nolonger really do anything by
(06:20):
injecting liquidity.
That's like the last run.
It's just based off mathematicsand I think that's what Trump
wants.
I think he wants a giantliquidity injection and then you
can put a question mark overthat.
You know he likes injections.
Speaker 2 (06:34):
He likes injections, covid injections, maybe even you
know heroin injections, becausethat's what this is like.
This is like a junkie lookingfor a fix and you know he can't
get high anymore and he's goingto have to use more and more and
eventually he's going to OD andwe're going to have an economic
overdose of quantitative easing.
It's going to kill the economy,kill the government, and you
(06:56):
know this is, this is the guywho bankrupted casinos.
Now, one of the things that hereally I guess really got him
angry was what Powell said inhis remarks yesterday to the
Economic Club of Chicago.
I'll just read these to youhere.
We may find ourselves in achallenging scenario in which
our dual mandate goals are intension.
If that were to occur, we wouldconsider how far the economy is
(07:19):
from each of these goals andthe potentially different time
horizons over which thoserespective gaps would be
anticipated to close.
But then what really got him isIra, I think.
He said tariffs are likely tomove us further away from our
goals, probably for the balanceof this year, and he said, for
the time being, we're wellpositioned to just wait for
greater clarity beforeconsidering an adjustment to our
(07:41):
policy stance.
So what he's saying is like allthe businesses out there and
CEOs and everybody's like, well,we don't know what Trump's
going to do in another 12 hours,so let's just wait and see.
Right, it's this uncertainty.
You know that's the other thingthat has jumped into this, tony
.
Besides, you know the inflationand the spending and adding
taxes and everything.
It's the uncertainty abouteverything and that's freezing
(08:02):
everybody.
And even now Powell echoes itand says well, we're going to
just wait and see what he'sgoing to do, wait and see what
the stuff shakes out before wemake any policy commitments.
And everybody is doing thatwith their businesses across the
board, across the world.
Speaker 3 (08:17):
Well, absolutely.
I mean, the uncertainty is whatis causing all of the market
chaos and the whipsawing and theback and forth.
I noticed something.
There's a metric.
You know, the Chinese used tobe the largest holder of US
treasuries.
Now they're the greatest seller.
This is the upside down andthis is the changes that are on
the horizon are absolutelymassive.
(08:40):
You look at de-dollarization,continuing the trend If he gets
his wish.
I think that's what I thinkwe're trying to suss out here.
What is the goal?
Because, powell, he's not wrongabout the tariffs, because
we're placing tariffs on a topof a system that wasn't designed
for economic nationalism.
It doesn't look like policy.
(09:02):
It doesn't look like policy,and policy would be a
reformation of our currenteconomic system how we tax, what
incentives we give tocorporations and to individuals
and to investors to build thingshere.
We didn't do that.
We just put a relic on top of asystem from a bygone era.
(09:22):
We put a relic on there on topof a new system that is designed
for cheap liquidity, it'sdesigned for debt, it's designed
for fiat currency.
It's designed for you knowagain, currency creation in
order to survive.
You know the stock market in1971, go back to Nixon's era and
go off the gold standard.
(09:43):
This is a completely differenteconomy, different everything
you know.
It used to and you know this, Imean it was the stock market
was based off of earnings andyou know profit and loss
statements.
You know the Warren Buffett'sera.
It's no longer that way.
It's about ESG, it's about yourties to central banking and
venture capital, which all thatjust circles around itself.
(10:05):
This has nothing to do with oldmetrics and building things and
manufacturing and all thatstuff.
So, yeah, putting the tariffson there like that, it doesn't
make any sense and it will beinflationary.
But again, because we didn'tcause, there's no carrot, it's
just stick and that's the tell.
This is not about that.
(10:26):
It's about forcing powell orforcing a, a new chairman of the
fed, which is I'm surprised heeven stayed on in the.
I was always surprised hestayed on.
I thought this is, by a goodyou know, exit stage right there
, jerome, you should probablyexit because this is going to be
a bumpy ride.
Um, he didn't do that, so soyou know that's on him.
But something, something isgoing to happen.
(10:46):
I can't imagine they've gone allthis way to become fiscally
responsible.
I had a high school student, adaughter, a lady that works for
me in Branson.
She texted me earlier this weekand said can you tell me how
the US could balance the budget?
And so I sent her back an audiomessage and I said well, they'd
have to pass a balanced budgetamendment.
They'd have to cut spending.
(11:07):
They'd have to spend less thanthey took in.
This would have to be acomplete reformation of the
financial system.
And I said they'd have to.
We'd have to repeg the currencyto something stable so we
wouldn't constantly losepurchasing power.
There's a few steps you knowthere's you'd have to have.
Speaker 2 (11:21):
I would have sent her back a three word reply.
I'd say follow the Constitution.
Well, that's right.
That would be the big cuts tothe welfare warfare state that
eliminate for real all thisstuff.
That Doge is playing aroundwith the different on the
fringes.
Speaker 3 (11:40):
You know it just completely gone.
That's what it's going torequire Absolutely.
And I said, you know we'd haveto, we'd have to end.
I called it the welfare warfarestates.
There's about three, threethings to me.
If all the constitution, that'seven, of course, that's what
david and I would say I I had tomake it convoluted, but that's
what I looked at I said, but wedon't talk about that anymore.
Yeah, we don't talk.
That is not on the table.
(12:00):
So you know, I think that thatis the tell, if you want to read
the room, this is not thespirit of the age, the zeitgeist
, if you will, that they're notthrowing that out, saying we
need to become fiscallyresponsible.
Nobody talks about that.
This is all about strategy andwho gets left holding what.
Speaker 2 (12:19):
Yeah, this is the Machiavellian monetary theories.
Speaker 3 (12:22):
Oh, I like that.
Speaker 2 (12:24):
Another MMT, right?
How can I use this politicallyfor something?
You know?
It was interesting.
You mentioned it's all stickand no carrot, and that was the
same thing that a commentator onRT, on Russia Today, said as
well, in terms of talking aboutthe two big issues here.
How is the EU going to respondto Trump's tariffs and things
(12:45):
like that?
How is China going to respond?
They said, well, you know, forthe EU, because of you know the
dominance of the US in so manydifferent ways with them, they
will probably grudgingly goalong, but it's all stick and no
carrot.
They don't get anything out ofit.
He hasn't given them anythingto go that way, but he's got a
big enough stick that he couldbeat them with that.
Maybe they'll go that way.
(13:06):
And so for China, he's talkingabout it, and this is a key
thing when we start talkingabout devaluation and things
like that.
China devaluated their yuan,and so what's Trump going to do?
Is he going to respond withthat?
Is he going to devaluate thedollar?
That's part of what they'vealways done with the China price
is currency manipulation, andso how does he respond to that?
(13:29):
Everybody says, well, trump'sholding all the cards because we
buy more from them than theybuy from us?
Well, not at all.
I mean, besides the rare earthminerals that they've just
stopped that, they've got like90% of the processing on
globally.
So they just stopped that.
They can devalue their currency.
They have also matched him ontariff rates.
So as he goes up, they go upand they keep going up, but he
(13:50):
doesn't have any cards to playwhen it comes to devaluation,
because that's going to workagainst dollars, certainly work
for the advantage of gold.
And when it comes to mineralsand other things like that, it
seems to me like he doesn't havethe cards.
He's got the big stick withEurope, but he doesn't seem to
have the cards in the trade warwith China, and I think that
(14:12):
that's going to continue to goon.
And I think it's thisinstability that is there, this
uncertainty that he's created,that is driving gold the most.
Don't you.
Speaker 3 (14:21):
Well, that's what the Chinese are buying gold.
They're dumping treasuries tobuy it.
The world's buying gold, um,and I think this has been
happening really acceleratedrate since 2022.
When you look at when we putthe sanctions on russia and then
the the uh, the ruble fell andthen bounced back and then they
stopped using dollars and went,did direct trade deals with
(14:41):
places like India and China forfor petroleum, for gold and vice
versa.
I think what we're on the cuspof is a a world that's moving
away from the dollar.
I've said for a while I thinkgold is already the world's
reserve currency.
It's just not in name and it's.
That's what bricks is workingon and cross border payment
(15:02):
systems.
You know, if this was 20 yearsago, you could probably take on
the Chinese, no problem, butwe've given them so much.
We gave them the infrastructure, we gave them the trade, we
gave them the technology.
Speaker 2 (15:18):
We gave them cheap energy.
We gave them cheap energy.
Yeah, you think you're going tomanufacture.
Sorry, opened everything forthem.
Speaker 3 (15:25):
You know we built them up so we could do something
like this, because we can blamethe other.
I think this is another part ofthe Great Reset, or the
technocracy, all the thingsThey've been building up China
since the trilateralists formedin 1973 with Zygmunt Brzezinski.
It's moving the technologyeastward and building up their
(15:46):
infrastructure and, of course,we opened China in 72.
Everything following thetimeline.
David, last trade surplus theUnited States ran was 1974.
This all makes sense if youlook at it in reverse.
And now we get here.
It's hard to see exactly whatthe next move is, but it's not
good.
I think it's just using this asa buffer, using them as the
(16:07):
other, setting up the boogeyman,because the damage that we've
done to ourselves with our ownpolicies, with globalization and
with the empire the Americanempire has been absolutely
disastrous and this can't lastforever.
That's what we're up against,is a.
The timeline is the window forus fixing our currency and our,
(16:28):
our system is rapidly closingand, um, it's not going to be
great, it's not going to be,it's not going to be sunshine
and rainbows on the other side.
I hate doing this because itsounds so pessimistic.
I know, um, but you just, I, Imean, look, the dollar was $35
an ounce for gold in 1971.
And now it's almost 100 times,almost.
(16:51):
I mean, right there, I didn'tthink.
This is something I've beenstudying for years and years and
I got to say this all the time,but it's moving faster than I
thought it would.
I mean, we're really in adifferent timeline now.
Speaker 2 (17:02):
Yeah, Peter Schiff had said.
This is what I've been talkingabout for as long as time is
here, you know, and all of thegold bugs have all been saying
that, but that's the case, asyou point out, you know that
ratio to silver everything isflowed into gold, right.
It's not into Bitcoin, it's notinto silver, it's not any of
these other alternatives tothese fiat currencies is all
(17:22):
going into gold right now, andso it's acting like a big hose.
That's there, you know, andthat's one of the other things.
Bitcoin, as one person said,well, we're poised for a 2023
style rebound.
As Goldman says, the dollar isovervalued.
Now that's coming from Coindeskand they're going to look at it
.
Oh well, the dollar isovervalued, so we can have
(17:44):
rebound with Bitcoin.
Well, not necessarily.
You know, it's just like thesilver thing.
Is it going to be gold thateverybody's going to run into?
And that's what we've beenseeing.
Is that?
That's where the?
Uh, the foreign banks are going, the central banks are going
and a lot of individuals aregoing into gold because they see
that as the you know, the uh anIsland of stability and this
(18:06):
chaotic situation that Trump hasmanufactured.
What do you think about Bitcoin?
I mean, is that going to regainthis or is it going to kind of
hang around and wait for theeconomy to settle down on the
stock market and all this otheruncertainty about tariffs?
Speaker 3 (18:22):
Well, I think Bitcoin is actually held up okay.
It hasn't done.
I mean, this has always beenthe question is Bitcoin digital
gold?
In times of uncertainty, intimes of fear, in times of chaos
, can Bitcoin hold its own?
It certainly has done okay.
Give it a C minus.
It's not a failure.
(18:42):
But it did have a lot of pricedrops since inauguration day,
which was, I think, 108,000.
I think it was trading theother day at about 86,000.
So not terrible.
And it's not like a lot ofthese stocks, I mean, or some of
these mean coins, other thingsthat are digital assets, like
(19:03):
Trump coin or whatever that justplummets.
So it's held up okay.
I think Bitcoin and theinfrastructure and I have a
Bitcoin company I think longterm it goes, I think, hand in
hand with gold in some way, andbecause it's a digital, it says
something that gold can't do,but gold does something that
Bitcoin can't do.
(19:23):
A lot of these people that areBitcoin maximalists I scratch my
head.
I don't really understand whythey think that Bitcoin will
demonetize gold or demonetizesilver or everything goes to
zero again.
It seems kind of cultish.
I mean, I like some of thoseguys.
They're very smart people, butat the end of the day.
I don't agree with that.
I think it's just another asset, alongside of precious metals,
(19:46):
that has a long-term viability.
I don't like any other cryptos.
I don't sell any other cryptos,I don't deal in them.
I think Bitcoin it is an islandunto itself, so I'll leave that
and put a pin in it.
I don't know.
I'll hang a question mark overit.
Think that, um, I definitelysee a rally for bitcoin sometime
in the next 24 months, um, butright now, nobody's doing
(20:11):
anything.
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Speaker 3 (21:13):
When, there, I think what might happen, I think you
and I can probably.
What was that?
What was the Johnny Carson bit?
You know where he puts theletter and opens it up.
Speaker 2 (21:25):
he already knows the great Karnak, yeah.
Speaker 3 (21:27):
The Karnak, yeah Karnak.
Speaker 2 (21:29):
Karnak was magnificent.
I think yeah.
Speaker 3 (21:32):
Yeah, it was like what is quantitative easing?
That's what we're going to get,and when that happens it always
happens.
Following that, when they getsome new Fed policy and there's
trillions dumped in or something, there will be this boon.
It'll be like everything ishappy and everybody's doing
great, and then Bitcoin willrise.
There will be a sell-off ingold at some point, a little bit
(21:55):
of sell-off.
It'll pull back, maybe not thatfar, but there'll be some.
I think that's what happens alot when, when these, in these
times, when there is anopportunity to buy something,
people will liquidate their goldholdings, which puts pressure
on the price, and so that'llcome out, and I think Bitcoin
will go back over a hundredthousand.
We're not that far away from it.
It'll top another hundredthousand, but I don't.
(22:22):
In this current environment, alot of these new technologies
can't grow, whether it's ai,whether it's crypto.
It's just stagnant.
It doesn't know what to dobecause the global order is
being reset.
That's right.
The, the entire global economy,is being reset.
So for the, for the foreseeablefuture, it's commodities, and I
think maybe in the, maybe inthe totality of this decade and
to this century, it's going tobe commodities rare earth,
(22:43):
minerals.
Who controls things like crudeoil and gold and silver and
other things, I think realestate, timber.
I think those will be that'strue wealth and all the other
stuff is speculative.
Be that's true wealth and allthe other stuff is speculative.
Speaker 2 (22:58):
So I think I got a question from somebody.
When you mentioned commodities,I got a question from somebody
here.
James Faithways says can youask Tony what he thinks of
buying a little copper?
I understand the premium ishigh and that it's not really
considered to be a preciousmetal, but I can't seem to get a
straightforward answer on it.
He says so what do you thinkabout that?
Speaker 3 (23:18):
I think it's a great idea.
If you can get copper, it'sonly good.
Look, copper against anycurrency.
That's what you have toremember that if you're using
fiat currency, whatever currencyit is worldwide, whether it's
the Chinese yuan, whether it'sJapanese yen, whether it's the
euro, whether it's the poundsterling yuan, whether it's
Japanese yen, whether it's theeuro, whether it's the pound
(23:39):
sterling, if you're buying acommodity that is limited, it's
finite in this market, you'redoing good.
You're going to replacesomething.
I mean copper.
I wouldn't necessarily.
I mean, in history the copperhas been money because it's been
the penny and other type ofcoins.
We stopped copper pennies in1982, yeah, um, but there's
still any penny prior to that iscopper if you go look at it.
(24:02):
So next time you know you see acopper penny, you should save
that.
It's worth more than the cent.
Um, you know, put, put thataway.
So I I think, yeah, copper is ais a.
I sometimes we put copperionrounds in, uh, for gifts and
things like that, into Wolfpackand to some of the direct
purchases that we get at WiseWolf.
(24:23):
Um, because it's just, it's anextra little thing.
But, yeah, I mean, I have.
I actually have copper bars Ibought from a customer years and
years ago, but they had, likeyou know, 10 ounce, 20 ounce, uh
, copper bar.
Yeah, stack those, and if, atthe end of the day, that's
wealth, yeah, Especially whenTrump is stacking taxes you
(24:47):
might want to stack taxes on topof taxes.
That's what I was, you knowstart stacking it.
Speaker 2 (24:53):
Yeah, that's it.
Yeah, you know, when you look atthis and we were talking about
crypto before I think the playthat's going to happen is going
to be stable coins, becausethat's something that they're
going to use and we're seeingthis more and more people
talking about it.
This article headline from ZeroHedge stable coins supply to
surge to $2 trillion in order tosupport the US dollar's
(25:17):
hegemony, and I think that'sexactly what the play is.
When you look at Lutnik and hisor Lutnik, whatever it is when
you look at his connection withTether and how much he is in the
treasury bonds and things likethat, as countries are getting
more and more reluctant to buythe treasury bonds, they can get
(25:38):
a stable coin to suck it up andit's a dual win for them,
because they can start to moveus over to a digital currency.
They can use that then tocontrol us economically, to deny
us being able to use it totrack what we're spending, but
then it also soaks up theirtreasury bonds and their debt as
other people start to getreluctant to it.
(25:59):
What do you think is going tohappen with that?
Is that the path that you seemoving forward?
Speaker 3 (26:04):
Well, unfortunately, I think that's the trend.
It has to come in that form.
You know, based off of therhetoric of, you know, being
anti-CBDC.
I always thought there wassomething underlying that.
There was something underlyingthat.
I think this is the.
What did Zygmunt Brzezinski say?
We need an end run aroundsovereignty.
You know, with the technocracy.
We need an end run around it.
They're going to do an end runaround your perceived notion of
(26:28):
CBDC with stablecoin.
That's right and it's reallynot that hard to suss out when
you give it five minutes ofthought.
Because this era of history,this timeline, the resetting of
the global financial order, thegenerational wealth that will be
(26:48):
created, if you will, when theychange the monetary system I
think a lot of this is on thetable.
I think they're looking at whowill control the keys to some of
these technologies blockchain,whatever it is, it won't be
Bitcoin.
It won't be Bitcoin.
I know too much about Bitcoinand the decentralized network.
(27:10):
It won't be Bitcoin.
I don't see it being that.
I think you're right.
I think the thing to watch isthe stable coin and those who
control that, and then you knowpairing that with things like
the dollar, but it's worldwide.
You know the Bank ofInternational Settlements has
been working on.
You know, the clearinghouseaspect of this, the IMF with
(27:34):
their Unicoin.
It's all about centralizationand the technology of blockchain
, using these stable coins toget back somehow to what's the
original goal.
I don't think we've ever perhapswe've never left the paradigm
of the old new world order.
I mean, maybe we never reallyleft that and this is all a
(27:56):
distraction to give us, you know, the illusion that there's, you
know, uh, a populist uprising,but perhaps this has all just
been a, you know, and it looksmore and more like that.
It's like a funhouse mirrorversion for people like me that
are nationalists and believe andthink like the way that the
country was built.
And then you see, you finallyget the tariffs and then they're
(28:16):
, they're this, yeah, oh yeah,and you just go wait, that's not
what I was, that's not what Imeant, um, and you know, or you
get this, it's.
This is a very strange time, soit's hard, I think you know,
when you really just go back,well, perhaps this is just, uh,
it's all a pageant the world'sstages, as shakespeare said yeah
and uh, and trump is anearthquake.
Speaker 2 (28:36):
Uh, he's, it's.
He's just he's juggling thetariffs, you know.
And are we not amused at seeinghim change them every couple of
hours?
You know it's insane what ishappening with it.
But, yeah, it's stacking thetaxes and it is also the
uncertainty and the you know thecapricious and arbitrary nature
and how it's constantlychanging.
(28:58):
That's what's really wreckingeverything.
You know, you and I have bothagreed that we like tariffs
better than we do an income tax.
I like any kind of tax betterthan I like that.
I don't like taxes.
I don't think taxes are anengine of growth.
But now you got people outthere who are cheering it oh, we
got to have tariffs.
You know it isn't.
It was the absence of taxes anda small government that made
(29:18):
America great and they forgetthat.
But when we talk about thisstablecoin thing, it's
interesting to see.
There's a couple of articlesthere on Zero Hedge.
The first one I just quoted youthe headline for, about
stablecoin turning into $2trillion and soaking up the
debts and supporting the USdollars, hegemony and that type
(29:39):
of thing.
But then also the fact that thedebanking issue with crypto has
not been solved yet by theTrump administration.
You know that was going to be.
That was the attack that wascoming on all the crypto
community under Biden.
That's still an issue andthat's going to be an issue if
we got stable coins, becausethey're going to be able to
(29:59):
effectively debank individualsand stop you from buying certain
things.
You know it might be a geofencearound a particular area.
You know you can't take yourcoin out of your 15-minute city
or whatever.
Maybe it's going to be ageofence around a particular
item.
You can't buy this kind of gun,or guns at all that type of
stuff.
So there's all these differentways that they can use it to
(30:21):
control us and I think that'swhere that's going to go.
But with everything that'shappening, as I said earlier,
peter Schiff said this is whatI've been talking about for
years.
This is the dollar bubble justburst, was his statement about
it, and he's not the only onesaying that.
I mean he's a gold bug.
He's always been saying that.
But now there's articles onplaces like MarketWatch saying
(30:43):
the US dollar's role as the defacto global reserve currency is
looking increasingly uncertain.
They're going to have to pivot,just like they did when Bretton
Woods too, where they went tothe petrodollar, they're going
to have to pivot to somethingelse.
I think it's going to be thestable coin, because then that's
how they're going to try topreserve their Machiavellian
power and then usher in the newtechnocracy as well, the
(31:06):
surveillance state, I think.
I think that's where they'regoing to pivot.
Speaker 3 (31:10):
Well, and I think they'll say the advantage that
they have there.
What makes it different thistime is that they have the
ability to expand.
They can do it in real time andthey can use this technology.
So we'll never get, you know,we can always account for every
single cent.
That's the way they'll sell itand this is the way we can
(31:32):
control it to be stable.
It's a stable coin.
Yeah, you know something likethat.
But really it's about, you know, we've said it, Catherine
Austin Fitz has said it'ssurveillance disguises money.
That's what they haven't givenup their goals for, these
control grids and things thatthey want to do with the
financial system.
But at the same time, a lot ofthings are out of their control.
(31:53):
I mean, you look at the historyof the dollar and where we were
in price structuring againstgold and then everything that's
kept gold suppressed.
I think all of those things.
I think the wheels have comeoff.
I think the black Swan event wasthe tariffs in a lot of these
countries.
I mean, look at Germany.
Germany is absolutely worriedabout its gold holdings in the U
(32:16):
?
S.
That's a country, it's not a,it's not a corporation, I mean
it's a whole country.
That's like hey, is thisavailable?
Can we get that?
They want an audit.
All that stuff that's going on.
They're not alone and a lot ofthese vaults got cleaned out.
The London bullion market thatgot cleaned out.
A lot of their holdings wererepatriated.
(32:36):
Nobody knew exactly.
So when those contracts, thestuff that they've papered over
for years, David, like hidingdeep in those vaults, all these
papers, you have to account forit at some point, I think.
I think that it's anybody'sguess at this point.
And what?
Where we end up on price, wherewe end up at anything,
especially when the ultimategoal here of the Trump
(32:58):
administration is not economicnationalism, it's quantitative
easing, and so we just look.
It's not about strengtheningthe dollar, it's not about
having a state, it's about shortterm boons in the stock market,
and I think that ultimately,that's fake.
If you're buying gold and silverright now, I think you're doing
doing yourself a favor byholding on.
(33:20):
You're preserving your wealthas the currencies of the earth
continue to go to zero.
All fiat currencies, folks goto zero.
History does not show me onesingle currency backed by
nothing that stays around.
That's hung around.
The average lifespan is 26years.
I don't have to be some sort ofseer.
(33:42):
You don't have to beNostradamus, you don't have to
be the smartest man in the room,you just need a library card.
You can figure this out.
It's going to zero, or it'sgoing to to a place where it's
you don't recognize it.
It's like we talk about everyweek.
I mean, you go look at the priceof silver.
In 1980 it was 52.50 an ounce.
Well, that doesn't even makeany sense today, I mean right
(34:06):
now.
I look at the spot price,You're at $32.17 an ounce and
it's 2025, and we debased thedollar trillions and trillions
of times over.
I mean.
So what does that mean?
Well, I just think all of thisis the metrics.
You're judging it the wrong way.
There's something elseunderlying this and I think the
(34:27):
wheels are going to come off andI think we'll see a true price
valuation sooner than later.
I agree.
Speaker 2 (34:32):
Yeah, I think you know the fact that gold is taken
off from silver and fromBitcoin is a function of what a
lot of foreign governments aredoing.
You know they see gold as thatcurrency of exchange, not
necessarily these other things,and so I think they're piling
into that a lot and I think thatthe public has picked up on it.
They look at gold as a safehaven.
I look at it as privacy.
(34:54):
All these different commoditiesand things like that.
I see it as a privacy issue andI don't think you can put a
price on privacy when you'retalking about these digital
currencies.
So, regardless, you know it'sgreat if it goes up and I'm
holding it or whatever, but youknow, to me it's really about
the privacy, because I thinkthat the stable coin thing is
what they're pivoting towardsand that's going to be.
(35:16):
You know, really, you knowthey're they.
They tied the petrodollar inthere to energy and of course,
that's something technocracywanted to do and they tied it to
something that was real.
But this time, as you point out, with ESG and all the rest of
stuff, their objectives arereally about total control, and
so they've got to have some kindof a digital currency, and the
(35:38):
stable coin would be a way theycan get that digital currency
and still maintain theirhegemony.
When we look at what ishappening, I'm looking at all
these different headlinesmaintain their hegemony.
You know, when we look at whatis happening, I'm looking at all
these different headlines uh,gold jumps a hundred dollars,
gold up 25% for the month orwhatever.
And how did it get?
Was it a 30, 33, 70 something?
Was it?
Yes, yeah.
Speaker 3 (35:56):
It's almost $3,400 an ounce.
That's amazing, yeah.
And and the calls now are are4,000.
Wow.
I think there's analysts inmajor banks that are saying
4,000.
Wow, Because when you havede-dollarization worldwide, what
is the price of gold?
Speaker 2 (36:15):
Mm-hmm, yeah, what is the price?
Speaker 3 (36:19):
I don't think we've.
This isn't the price discovery.
I don't think it's true andmuch of what has happened over
the years with Stuart Angler,you know, who wrote the book
Rigged I've had on my show hespent his last 30 years looking
at gold price suppression andhow they've done it.
I don't think they can do itanymore, David.
(36:40):
Perhaps they don't want to.
Perhaps this is part of that,because it doesn't seem like
anybody's putting an effort in.
I mean, the Fed is watchinggold.
Believe me, the Federal Reserveis watching gold right now, very
, very closely, looking at this,wondering what their next move
is going to be, and the world iswatching it.
That's why I think that youknow I said this back in
(37:01):
December I think gold is theworld's reserve currency.
The dollar has been supplanted.
You go back to Basel III inSwitzerland, the Bank of
International Settlements, in2021, that's when they removed
gold from a Tier 3 asset to aTier 1 asset and then central
banks started supplanting theirholdings and it surpassed the
(37:27):
euro.
So it was way down on the listand now it surpassed the euro as
number two holdings of centralbanks around the world.
The number one is the dollar,but I think that's only for
transactional at this point.
It's not about stability.
I think the world is moving togold faster than I thought
possible, but it's certainlyhappening right before your eyes
(37:50):
.
Speaker 2 (37:50):
Well, everybody was concerned about it and became
more concerned because of Bidenusing it, weaponizing it back in
2022.
And then Trump has just doubledand tripled down on it.
It truly is amazing.
I got a question from a highbooth for you.
He says can you ask Tony,wouldn't it just be wise for
businesses to wait four yearsand let the next selected
president fix all of Trump'smistakes?
(38:11):
Is he just the Hegeliandialectic he says?
That's there.
Speaker 3 (38:17):
I think we pay way too much attention to the
so-called policies of eitherparty or whatever's going on.
And you, you have to startthinking in terms of your, your
own autonomy and sovereignty,and what's the best move.
You think outside of politicsand whether what administration
is going to do X, y or Z.
You know, david and I talkedabout this before the selection
(38:40):
and we said what's going tohappen.
I think we called it.
You know what's going to happen.
We talked on Halloween what'sgoing to happen on the election
If it goes Harris or it goesTrump, and I think we called it,
and now it's resetting itself.
It didn't even matter becausewe threw the tariffs in
(39:10):
no-transcript.
We're not fixing our fiscalhouse, we're not reigning in the
empire.
There's nothing new here.
It's just the fundamentals areall there.
So I think it doesn't matterwhat administration you need to
bank on yourself.
Understand what the differencebetween currency and money, but
(39:31):
there's always underlyingopportunity in this too.
I don't want to sound like analarmist, but I don't think it's
going to get better from thetop down, and I definitely.
If you've got a 401K or IRAfolks and there's a temporary
lull, you really need toconsider putting that, and this
is not financial advice.
Can I just bracket that I don'tknow where the prices of metals
(39:52):
are going, but I feel like Iknow where the prices of some of
these stocks are going in thesepools of so-called value.
I don't think we're going tohold up well in an uncertain
world or any of the thingsespecially.
I said something, I looked atsomething the other day and I
brought it up on the show $1.2trillion of holdings of the
(40:17):
mortgage-backed securities thesame that acidic thing that had
like the China syndrome where itmelted into the markets and
caused the 08 debacle.
$1.2 trillion of those holdingsare held by foreign governments
and the largest foreigngovernment holder is China.
So China can literally just.
(40:37):
You know you're not going towin this If you're going after
China with a stick.
They've got too much leverageand they think long term.
We think presidency topresidency.
They think a hundred years inthe future and infrastructure.
They'll lose for a long timejust to win in the end.
So you're not going to beatthem that way.
You know, if you really wantedto go after China, you would.
(40:59):
You create a, an atmosphere ofLiberty.
You create an atmosphere.
You would have, you wouldincentivize, you would take off
the regulations, you would, youwould give people certainty and
incentive and that's that's theyou know.
Just the same way you balancethe budget, you know, follow the
constitution.
That's good.
Speaker 2 (41:18):
You have stability and freedom and Liberty and
stability and Liberty would winevery time.
But instead they want to becomelike China.
Right, and because we've alwaysseen this from all these
presidents Remember George WBush, I wish I could be like the
Chinese government.
Just tell everybody what to do.
Or you see Trudeau saying this.
I love the fact that they canjust tell people what to do.
I wish I could do that.
(41:38):
They all want that, and that'swhat we're seeing from Trump.
Everything is an emergency, andthe solution to every emergency
is to let him make all theorders, you know, and dictate
the solutions, and so you knowhe wants to be like Mao or Xi or
whatever, and so it's crazy,but that's where they're headed,
(41:59):
and so the best thing that wecan do, I think, is to try to
get out of that system, try tomaintain privacy as much as we
can, try to prep for what iscoming.
And a lot of people are lookingat this and the instinct of a
lot of people, especially who'vebeen in the stock market as
they see the stock marketfailing, they decide they're
going to get into these gold andsilver ETFs, and that is not.
(42:20):
I wonder how they have beengoing, because I first caught on
to that.
I did that myself for a while,and then I saw that when gold
started to move, they weren'tmoving and I thought what's up
with that?
Why isn't that going?
Why is that going up?
Why is it flatlining?
And then I realized, as Ilooked into it, it's like no,
they're not.
This is not actually, you know,an ounce of gold there that
(42:43):
they're splitting in 10different ways.
You know selling you a share ofit.
No, that's just anotherderivative, like the real estate
market derivatives, you know,and you don't really own
anything in that.
So it's really key for peopleto have it on their own.
That's when it's private,that's when they can't take it
away from you and when you'veactually physically have it.
You know.
That's the key thing, I think.
Speaker 3 (43:05):
Wasn't it Jefferson that said that paper was poverty
or something?
Like that right, so paper ispoverty.
Speaker 2 (43:12):
We got to the essence , didn't we, of all these
different things.
Speaker 3 (43:15):
It's so funny.
Yesterday here in Denison,texas, I went by and talked to
my accountants, my bookkeepersand I'd just done a trade, I'd
consolidated a lot of stuff.
I got to take the trading floorand I held up a bag.
I said this is fifty thousanddollars.
And it was, you know, gold, oneounce eagles like this fifty
thousand.
They just looked at it and heldit.
Speaker 1 (43:32):
They're like that's not, that's not a lot yeah, you
know like they thought it wasgonna be like a suitcase or
something like no, that's fiftythousand dollars it's just a
ziploc bag full of coins.
Speaker 3 (43:42):
I'm like, no, that that's what happened.
I go, you know, and I go.
Basically, you know, if you goback to this would be about $500
, you know, in 1971.
Speaker 2 (43:56):
That's amazing.
Well, it's uh.
So tell us what's going on atat um, at Wise Wolf, I imagine
you're really pretty, uh, prettyheavy there.
People are looking at this andand you've got headlines saying
you know, gold is going to gohyperbolic and this may be the
start of it.
So there's kind of a marketmania that's happening.
Speaker 3 (44:15):
I don't know.
I don't know what happens next.
I think there's a strain onthese institutions with this
price going the way it is.
I mean, honestly, I like astable price, I like just kind
of clear, cut and dry in and out.
That way, you know, um, I thinkthere's going to be a lot of
urban gold mining going on.
Um, what I mean by that?
People are going to go throughgarage sales, start going
(44:37):
through their attics, startlooking just like they did in
the 70s with silver, I thinkthere's just.
Speaker 2 (44:42):
You're going to have rappers pulling out their teeth
and selling them.
Speaker 3 (44:45):
Yes, I bought lots of teeth over the years.
I've bought crazy things.
You couldn't believe.
Between San Antonio and hereand Branson I bought some crazy
things.
But I think I'm going to seelots of urban gold mine.
I think the price continues,especially in this environment.
So you know it's hard to say,david, what happens to supply.
(45:05):
I think silver is an outlierright now.
Price reflection I don't thinkthat we have true valuation or
even close to it now.
So if you're stacking silver, Ithink you're doing yourself a
favor at some level, becauseit's just super cheap based off
of where everything that I know.
Um, I think silver is just agreat thing to have and if you
(45:29):
have those, uh, those iras and401ks, you really ought to let
us take a look at putting you insome bullion.
Get you out of this.
You know, I think that thisroller coaster ride and I don't
know where we're headed, butit's a it might be advantageous
for you to take a look at itjust converting that into
something physical outside ofthe financial system, that you
know that it's, you know, storedwhen the third party, that you
(45:52):
know these vaults, that they'renot in, that they're not a bank,
and I don't trust these CEOs.
I don't trust anybody who'swanting Jerome Powell to cut
rates so and that's what they'reall looking for.
So I'm just I'm working on,continuing to work on supply and
infrastructure and Wise Wolf'sgoing to stay lean.
We have the Wise Wolf Bitcoin.
(46:12):
We're up and running.
So if you've got, you want tobuy some Bitcoin or, you know,
sell some Bitcoin we buy, a selland we have the ability for you
to use it as cash for purchases.
So if you've got some Bitcoin,you want to turn it into some
precious metals, give us a call.
That would be great.
Speaker 2 (46:31):
Yeah Well, it was always great talking to you,
tony.
I really do appreciate yoursupport of the program and the
things that you've got there atWise Wolf For the longest time.
Like you said, we appreciatehaving stability.
For the longest time we wentthrough this period where you
could gradually accumulate stuff, and you set up Wise Wolf
Wolfpack to let people do thaton a gradual basis, and we're
(46:52):
seeing that you know thedollar's losing a few percentage
points of value every year andit accumulates over the long
term, and so that was kind ofthe long term stable thing.
But now we're getting intocraziness and I guess you know a
lot of people are saying thisis great because Trump is
scaring everybody.
He's making them very muchafraid of him because he's
acting like a crazy man.
But then you can only do thatfor so long and then it's going
(47:16):
to really backfire on you and soit's going to be a rough ride,
I think, and so it's good to tryto get out of the system as
much as you can, try to getsomething of value that you can
physically hang on to yourself.
I think that's an importantpart of prepping and you've got
a lot of programs there to helppeople do that.
It's been great to deal withyou over the years and really do
appreciate your support of thisprogram, and you've got a
(47:38):
program that's coming up rightafter this program.
Is that correct?
Speaker 3 (47:41):
Yeah, god willing, if there's no work going on in my
house Arterburn RadioTransmission 11 am Central Time
We'll kind of dive more intothese headlines and stuff that
you and I have gone over.
Speaker 2 (47:53):
That's great.
And where are you right now?
Where are you broadcasting?
Speaker 3 (47:56):
Twitter.
Right now I'm in Denison, texas, and I'm broadcasting over the
X at Tony Arterburn and Rumbleon the America Unplugged channel
.
We're working on some newchannels as well, so I'm looking
at some new streaming stuff.
I need to talk to you andTravis also.
Speaker 2 (48:10):
Yeah, yeah, yeah, Kick looks like it's got a lot
of nice features for streamingas well.
It's really kind of set up forstreaming, I think from what
Travis was saying.
I haven't looked at it.
Travis has been the one who'staking care of that.
All All right.
So coming up on Rumble and on Xright after this program, you
can find out more from Tony.
And again, DavidKnight Goldwill take you to Tony Arterman's
Wise Wolf Gold, a way to get toan island of stability in this
(48:35):
storm, and that is physicalmetals that you hold yourself.
Thank you so much, Tony,Appreciate it.
Thank you, Dave.
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