September 25, 2025 • 42 mins
Tony Arterburn warns the dollar’s endgame is here: China and BRICS are stockpiling gold, silver is breaking out, and stablecoins are the new Trojan horse for biometric surveillance.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Joining us now is Tony Ardeman, and we talking a
little bit about the Shanghai Gold Exchange and what's happening.
Last time you're on, Tony, you talked about the Hong
Kong Gold Exchange, I think, and so China is making
a huge move to accumulate gold. That's been one of
the many driving factors. I mean, we're into record territory
(00:27):
we've passed in terms of real terms when gold shot
up to eight hundred dollars an ounce. But it's because
there are so many different things that are driving it simultaneously.
And one of those is, as you've been talking about
for the longest time, the push by a lot of
central banks to accumulate gold. But nobody is pushing it
(00:47):
like China. As a matter of fact, they're trying to
de westernize the global bullion market, says Zero Hedge. London
and New York have been places where gold has been
stor in the past. China is trying to place that Shanghai,
perhaps Hong Kong as well. What's your take on that.
Speaker 2 (01:07):
I thought the story last week about Hong Kong play
was really important because you already have the Shanghai Gold
Exchange and it just highlights the move that China is
making as well as the bricks nations to make the
move of commodity pricing eastward. There's another headline up that's
up on zero hedge and then just I mean really
(01:29):
putting some emphasis on what's going on with the West.
And Canada has no gold reserves, Sam, did you know
that zero gold reserves?
Speaker 1 (01:39):
Well, but they've got a central bankers as their prime
minister or whatever, so I guess they're covered, right. You
don't need gold if you got a central banker.
Speaker 2 (01:49):
I think that's that's a key indicator of where we're
headed in this in this decade and especially in this century,
is that everything is flowing out of the hands of
the West. And they had an interview with Ray Dalio
and he was talking about, you know, the juxtaposition of
nineteen forty five when the United States had about eighty
(02:10):
percent of the world's money. You know, we were about
five percent of the world's population, about fifty percent or
more of the wealth, and then that's completely dissipated and
it's flowing eastward and it's being decentralized out of our
hands for sure. So dollar domination is really I think
in this timeline, it's really in danger of losing more
(02:32):
and more market share.
Speaker 1 (02:33):
Yes, zero head China headline said, nobody is hedged for
the real gold panic that hasn't even started yet.
Speaker 2 (02:43):
No, No, I don't think it has. As a matter
of fact, it's interesting every day I started calculating the
ratios and not only the gold of silver ratios, but
the bitcoin the gold ratios, and Bitcoin has slipped a
little bit off of I think AI expansion and other
things that have happened since the rate cut, and that's
(03:04):
probably temporary, but it went from thirty one ounces of
gold to make one bitcoin to about twenty nine, and
so that slipped a little bit. But the real metric
to watch is the gold of silber ratio. That's starting
to come back to normal, or at least somewhat normal levels.
I mean, we got up to past one hundred ounces
(03:28):
of silver to make one ounce of gold not too
long ago, when it was thirty five dollars an ounce
for gold and thirty five hundred dollars an ounce, or
thirty five hundred dollars ounce of gold and thirty five
dollars an ounce for silver, David, And now we're at
eighty three to one because silver passed the forty four
dollars more.
Speaker 1 (03:46):
Yeah, it truly is amazing. We're hitting one all time
high after the other. But as I said, there's a
lot of different reasons, especially for us as individuals. We
look at the rise of stable coin.
Speaker 2 (03:57):
There was an.
Speaker 1 (03:58):
Article from zero Hedge talking about one hundred billion dollar
a year battle that is shaping up between credit cards
and stable coins. But I guess though, really stable coin
be more like a debit card, you know, let you
pay for things instantaneously. But we live in a credit
card society, don't we, where people are borrowing from the future,
(04:18):
So I don't know really how much of that is
really going to be over the credit cards versus that.
I think you see the credit card companies are merging
with the stable coin companies, as Visa merged with the
biometric company. They want to be there for the for
the surveillance. So imagine, you know, they could process a
(04:40):
transaction and still put it on a credit card account
for you and.
Speaker 3 (04:44):
Charge your thirty or forty percent interest as it continue
to allow that to happen.
Speaker 2 (04:49):
Yeah, I think what makes the stable coin battle between
credit card processing and stable coins is the fees, it's
merchant fees that'll be their selling point. As a matter
of fact, I saw it was I think a coinbase
commercial about a year ago. It was highlighting how small
business could open up a coin base account and if
(05:11):
they were if they took crypto, but their fees would
be lower than if they just took credit cards, which
I thought it was interesting. And then if you enter
in stable coins. Now I've been looking into stable coins
because I thought, well, if you're gonna deal, if you're
gonna have bitcoin or something, you should have stable coin.
That's a whole other like to actually deal in stable coins,
(05:33):
it's a lot harder to deal in than it is Bitcoin,
at least right now, you have to go through a
third party, which I think that's probably how it's going
to be.
Speaker 1 (05:41):
It's not going to be are connected to Trump like
Lutnake and others.
Speaker 2 (05:47):
Yeah right, It'll be something else so that it's not
you know, meet the new boss same as the old boss.
It's probably a lot of the same entities or interest
except it's a different vehicle. And they can be competitive
because for the longest time, you know the hidden cost
of credit card fees, and I know this from being
(06:07):
in the gasoline business my entire life, and you know,
three percent at the pump and how that looks on
your balance sheet when you're selling gasoline at the retail
level that the credit card companies make more than the
retailer most of the time. You know, if it's right
over three dollars a gallon, that's nine cents of a
gallon that in the retailer usually makes about a nickel.
So that'll be an interesting I think all the infrastructure
(06:32):
that's being put in right now with stable coins, you
and I both know that it's not for it's not
to save the merchant. It's not to save the retailer
or the operator fees or anything like that. It's another
transfer of well.
Speaker 3 (06:44):
Oh yeah yeah.
Speaker 1 (06:45):
But I imagine people with a lot of retailers would
give it a chance because it is a really expensive
thing to take credit cards. I remember when we had
our retail stores video stores. It was such a big
bite that I said, well, we have the ability to
you know, with the system that I had written, we
had the ability if somebody had late fees that they'd
accrued because they turned something in late. You know, we
(07:06):
could have balances on a customer's account so they could
pay it off later. So we tried it as an experiment.
It was a very short experiment because what happened was
we said, well, if you're going to use a credit
card for the small amount, let's just defer it. Next
time you come in, you can pay it, you know,
with a check or cash or something like that. And
that did not work because people wanted to use credit
(07:26):
cards and we as a store didn't have any club
over them in terms of if they don't pay the bill,
they're not going to get a hit on their credit
rating and that type of thing. So we had to
stop that pretty quickly. But it is really a high fee.
And as we look at the banks you're talking about
how stable coin is set up centrally controlled, just like
(07:47):
a central bank, except that it's a crony system. They
have a way that they are going to know their
customer and all the rest of these so called anti
money laundering laws that are out there. Vietnam showing the
pattern talked about this last week, I think they just
immediately closed eighty six million bank accounts because people did
(08:08):
not sign in and give them biometric data. It's like, okay,
well if we don't have your biometric data. We're closing
your account right now. I think we could see that
type of thing happening in the West. That's the way
that they're going to roll this thing out, do we Lujah?
Speaker 3 (08:26):
Yeah?
Speaker 2 (08:26):
I think unfortunately that's okay, that's our future, especially is
everything it continues to get more and more digitized.
Speaker 1 (08:32):
Yeah, that's right. They're going to force our hands coming through.
Ok Yeah, you're coming through now.
Speaker 3 (08:37):
Yes.
Speaker 1 (08:38):
So I think that's the direction that they're going to
go without a doubt, And I think that's why there's
as an individual, we're looking not only at the general
economy and at the price of gold, but we're also looking
at the control that's coming through with all this. The
World Economic Forum has got a plan to overhaul the
global financial system by monetizing nature. This is an article
(09:01):
from Life site, and we've talked about this before. How
Bessant as well as Lutnik, as well as Bergham, who
Trump put ahead as head of the Interior Department, has
all the different parks and public lands in it. They've
talked about how, yeah, we need to monetize and put
to work our natural resources. And so I think that
(09:22):
they will monetize nature. They'll come up with some kind
of derivative system to do that, and that's one of
the ways that we will wind up owning nothing and
they will have everything, people like Larry Fincott, Blackrock and
Hoffman and others. That's exactly what the world economic form wants,
isn't it.
Speaker 2 (09:41):
Well, unfortunately, I think this is a natural outcropping of
what happens when you have currency. When you demonetize your currency,
you monetize everything else, and they're looking for value and everything.
That's the reason civilization is built on sound money, when
that's the whole point of having a medium of exchange.
And if you lose that, then there's chaos and then
you go back to I mean, you're in a sense
(10:03):
of bartering economy, but there's you find value and everything else.
That's the reason why we have such a massive housing bubble.
It's why we have a debt crisis, a debt a
debt time bomb around the world. It's having to borrow
against assets and everything to outpace the loss of purchasing
power in the currencies. And that's a good point of
the reason why you're seeing.
Speaker 1 (10:23):
Yeah, that's a good point as you're saying that you've
got to have some pretense that your fiat currency is
linked to something that's real. I mean, first with first
Breton Woods, it was gold, and then the second one
they made it with oil or with energy, right, and
so now what's left. You know, they're going to monetize
it with the real estate that's here in the United States,
and that may very well be what they're going to do.
Speaker 2 (10:46):
To monetize everything, and yeah, it will be. It's still
a FIA currency. Then, even if we move to a
digitized system like a stable coin back system, it's still
going to be based off of the old blue sky.
It's going to be based off of nothing. It's going
to be based off of GDP and economic growth and
(11:07):
all the rest of that that. Unfortunately, we're seeing the
end game here where you can't inflate your way out,
you can't print your way out of economic downturns, and
a lot of the things the metrics are going backwards.
Used to when you lower interest rates and there would
be selloffs and precious metals because people would be taking
(11:30):
getting liquid in positions to buy into the market. Now
you're just seeing gold just continue to go up every
time I come on the show, it's breaking. It's another
all time high. I think silver is about to do
the same thing, and I don't want to give investment advice,
but I'm looking at silver having a big breakout here,
probably this year, going into the final quarter of twenty
(11:54):
twenty five. And as of right now, I'm stockpiling if
I can get silver and keep it. I'm holding it
if I can financially afford to keep it on the
books doing that because I think there's going to be
a squeeze even with the amount that's being sold right now.
It's really interesting. Buyers aren't necessarily there, but the price
(12:16):
keeps going up, so you have to take it to
the wholesalers. And I just don't like that game. I
think there's something inherently wrong with the price rising and
retail has slowed down, and we still have, you know,
the smaller buyers are there, but not like they used
to be, where the people are buying big chunks at
a time on the retail level. I'm watching that very
closely because those two things don't go together, the retail
(12:40):
slowing down and the price going up. That means institutions
and governments are buying, and they're signaling something I think
that we need to pay attention to.
Speaker 1 (12:48):
Yeah, they've been heavily manipulating silver, as we've said before.
You know, it was just a few months ago. I
remember seeing a YouTube video. Somebody sent it to me
as a listener and said, look at this and it
was a small show of precious metals, and the guys
that were there that were dealers, you know, the guy
went around talking to him. He said, Yeah, everybody wants
(13:08):
to sell silver, but they're not buying. He said, and
look at the ratio here, how low silver is. It's
a great deal. And so we're buying all that we can.
But the retail people are not. For whatever reason, they're
selling their silver instead of buying it. So there's a
lot of manipulations in going on for that for quite
some time.
Speaker 2 (13:26):
We got the shop and Dennison Against in Texas, my
old new bank, the branch bank that I took over.
I'll just send you some pictures of the signage. It's
a little bit of an experiment where wise Wolf Gold Silver,
Bitcoin and I rebranded it. They even have the I'll
have the drive through operational probably sometime by the end
(13:47):
of the year. But I was there just working the
counter for my son and from a from eleven am
to one pm, and I did six transactions buying silver
bullion and that was all I bought. It was a
silver boy. There wasn't any goal. There's six transactions of
different silver billion buys and probably about five thousand dollars
(14:10):
worth or more. But that's just kind of indicative the
steady pace.
Speaker 1 (14:14):
The retail trade is still the retail trade is still
selling it. When they're buying it, then.
Speaker 2 (14:20):
Yeah, well the public is selling to me. And then
I'm having to figure out how am I gonna either,
you know, get it to the trading house and make
a small margin and liquid ate it off my books,
find a way to keep it on inventory and sell
it out slowly. It's it's a very strange position to
(14:40):
be in because I love silver and I think it's
I think it's a bargain right now. It's hard to
always keep it on your books with cash flows, you
know from small business day, but you can't just continue
to to accumulate inventory and survive. So I have to
make that decision. But I think I'm buying I still
think I'm buying it cheap and the reason is is
what you mentioned, you know, with the repricing of everything,
(15:03):
I don't think that we've factored in the true destructure
of the dollar. The dollars lost forty percent of its
purchasing price compared to gold in the last year alone.
Speaker 3 (15:14):
Yeah, that's right.
Speaker 2 (15:15):
It's amazing, just in the last twelve months. Yeah, and
silver went from what was the last year, David, about
twenty nine dollars an ounce at this time somewhere in there,
and now we're at forty four dollars an ounce in climbing.
I think that's in direct correlation to the loss of
purchasing power and the dollar and where we're headed with
(15:35):
the repricing of commodities. So yeah, it's eventually. And I
think there was an article up on zero Hedge about
the phonebo. I mean, I think a lot of people
are going to look back and think this was, this
was the time, and they ended up not being able
to buy unfortunately. I think silver is going to surprise
everyone because it's been lying in wait for forty five years,
(16:00):
and it's everybody's been waiting for silver to do its
thing since nineteen eighty And you mentioned earlier, adjusted for inflation.
You're absolutely right. So in nineteen seventy nine gold or
the end of seventy nine into eighty, gold went to
over eight hundred dollars an ounce, So it went from
thirty five dollars an ounce in nineteen seventy one to
(16:21):
over eight hundred dollars an ounce in the end of
nineteen seventy nine, And that was based off of it looked.
It seemed to be that the Fed and the Treasury's
goal of you know, whip inflation now and all the
rest of that didn't happen, and people were just in it.
Gold doubled by the from first quarter of seventy nine
(16:43):
all the way down to the end, and then there
was some easing. You know, Paul Volker raised interest rates
to the teens and we've discussed this many times. So
there was a contraction in the money supply, and eventually
there was a you know, an easing of perceived inflation.
So silver took you know, went down from fifty two
dollars an ounce down to gosh, you know, almost nothing,
(17:06):
and then gold went from eight hundred dollars an ounce
down to about three hundred. So you're right, pricing for
inflation if you looked at eight hundred dollars an ounce
gold and seventy nine, we just crossed that line. So
that priced into inflation thirty five I think thirty six
hundred dollars an ounce was something like that is about
the adjusted for inflation mark of where we were in
(17:28):
seventy nine with eight hundred dollars ounce gold. But we've
not even gotten close with silver. If I said many times,
you know, fifty two dollars an ounce in eighty was
like three hundred dollars today in purchasing power. Yeah, that's
that's an estimation. So I think we've got a lot
of room to run. And all commodities. I mean, look
at what's happening with platinum, palladium. Palladium is up I
(17:52):
think five hundred percent over the past many, like five years.
I think it's what's.
Speaker 1 (17:58):
Anything that's real? Actually I get mister yeah, mister prom
ten eleven says sober is up five dollars per ounce
just in September, and he says, thank you, miss thank you, Tony.
Speaker 3 (18:11):
So I appreciate that.
Speaker 1 (18:13):
And again, you know, we go back and we look
at the inflation that was happening in the seventies. You
mentioned it, you know, the WEP inflation now, the little
wind buttons that Jeryll Ford want people to put on
their p What are we supposed to do to stop inflation?
Speaker 3 (18:26):
Right? They didn't know what to do to stop inflation.
Speaker 1 (18:31):
Yeah, that's right. I mean they would really just talk
to us as if we were children. It's the same
administration came out with the this is your brain on
drugs thing, you know, the egg in a frying pan.
It's like they really do think that we're children. And
maybe they're right.
Speaker 3 (18:44):
I don't know, but.
Speaker 2 (18:47):
I never know. You.
Speaker 3 (18:48):
Yeah, that's right. So when you go in, it's like, no,
I can't afford that none for me. Thanks. Yeah.
Speaker 1 (18:56):
Yeah, I never figured out what my responsibility and inflation was.
Speaker 3 (19:00):
I knew it is wise, but I didn't know what
mine was. Yeah, it's pretty.
Speaker 2 (19:05):
Crazy's that really is? The crux of the matter is
the fiat currency. Once you've untethered from value, and you
mentioned earlier. You know, we've talked about the petro dollar.
We had seemingly gold backed dollar until nineteen seventy one.
He wasn't legal for you to own gold. Jerald Ford
(19:26):
made that legal. I think in December nineteen seventy four,
you could finally own gold again legally in this country.
So we really didn't have the dollar had the perceived
backing of something. And we went off the petro dollar
pretty much officially last year, and you've seen the world
start moving away from using that by seeing it into energy.
(19:50):
So what's left, I think is the stable coin models
that we've discussed. And I don't know how that's going
to work out for the dollar or what's going to
go on, but in the meantime, everything's getting repriced.
Speaker 3 (20:01):
Yeah, that's right, that's right.
Speaker 1 (20:03):
Speaking of that, we got a couple of comments here,
three little birds says, ask you, Tony, who will buy
gold or silver when it becomes so highly valued? I
think you're buying things with gold and silver, I think
is what you'll be doing.
Speaker 2 (20:20):
Right.
Speaker 1 (20:20):
Well, look at it, I'm sorry, go back and look
at the stories about the waymar Republic. You know, when
the paper money became worthless and people using wheelbearers full
of bit One guy became incredibly wealthy because early on
he got out of the currency and got into gold
and then he could basically buy whatever he wanted to
on the cheap.
Speaker 2 (20:40):
Right, Well, the hardest money wins and those stories about
the Wymar Republic to the meltdown where somebody bought a
hotel for a twenty dollars gold piece, you know, because
the current priced in the currency, and that's the this
gets complicated if you've priced in your models based off
(21:01):
of currency. So you have a you know, have a
promisory note, you have a mortgage that's priced into the
currency at the time. It's one of the reasons why
you know, you had William Jennings Bryan at the end
of the nineteenth century with the Cross of Gold speech.
The currency had become so hard like the United States
(21:21):
was deflationary. It was harder and harder for the farmers
to you know, get liquid and pay off that their
their notes, and so that's why they call for free silver.
It's really the whole allegory of the Wizard of Oz
is all about that, with the yellow brick road and yeah,
you know Dorothy's slippers were originally silver. You know, she's
she tapped him to go back home. All the rest
(21:43):
of that. There's a there's an allegory there, but that
was the that was the the inverse, that was the
opposite problem. We had a currency that was so rigid
and harder and like it was deflationary, that it was
harder to get out of debt. Now, if you you know,
if you free up capital for a while, it looks
pretty good, like, oh, you can pay off dead a
(22:05):
lot easier. But then you start everything gets repriced and
so you know, an ounce of gold will go a
lot further. And you talk about that in relation to
what's known as Gresham's law, and I don't want to
get too technical. I don't think I'm the guy to
explain it, but it's Gresham's law is simply states that
(22:26):
when bad money enters a system, then good money goes
into the hiding. And so I always, you know, I
try to figure out what's the what's the end game
of Gresham's law? Well, how do you how does it
end up? Good money comes back? And that's the you know,
the proper money always reasserts itself. Gold always wins. If
you look at history, gold always comes back, Silver comes back,
(22:49):
and it can be pushed out for a while. And
I think that period between when they put down the
gold and silver rebellion, because I really think that's what
it was in nineteen eighty. As I look back and
you realize what happened with the Hunt family, you know,
they were deep stated. You know, I think they were
punished for exposing something that was wrong with the dollar
(23:11):
and making silver go up to fifty two dollars an ounce,
and and you know the rest is history with that,
because silver was nothing throughout the eighties. In the nineteen nineties,
Warren Buffett for a while seemingly cornered the silver market,
but nothing really happened. That's why you called it a
pet rock. You know, it said gold was like a
pet rock, or it didn't do anything and it just
(23:33):
sits there. Well, that's the whole point. It's it's not
supposed to it's supposed to sit there. It's supposed to
house value. It's supposed to be a monetary thing. Whereas
the dollar, you know, again the dollars with fiance currency
loses purchasing power. So we had that interim period between
the eighties and nineties and early two thousands where it
(23:53):
looked like fiat currency kind of at least stabilized enough.
But that's all. You know, three hundred dollars an ounce
gold David in two thousand and three and I remember
that because I was going into a rack, I bought
my first gold coins, and I remember, you know, the
(24:16):
dealer that I called put me in some I didn't
know what I was doing, so he put me in
numismatic collectibles that I never could get any value out of.
But if I just bought gold bullion, I'd have been
way way up wid wish I had that I invested
three thousand dollars in two thousand and three, I could
have got ten ounces of gold. I'd be looking a
lot better right now.
Speaker 1 (24:34):
Well, you know, when we talk about these different scenarios,
you know, one of the scenarios is like the bayer
maor republic where the entire financial system collapses and the
currency collapses, and that type of thing, and that's where
you pay where you buy the hotel for a twenty
dollars gold piece type of thing. But then you also
have what happened in the seventies and eighties were because
of bad government policy, an number of different ways inflation
(24:59):
got out of hand, and eventually when they got that
under control, then gold came back down for a while.
But I think we're looking at something that is more
like the Ymar scenario and this fourth turning these institutions.
Everything is being changed, The international financial system is being
re engineered. All of these different things are happening. So
(25:21):
I think when you look at exploding debt in the
West and you look, you know, that's looking ymar like,
you've got the desire by the Russians and the Chinese
to completely change the financial system. This is something unlike
what we have seen before, and we could very well
be pushed into a worldwide depression, especially with Trump's capricious
(25:43):
and arbitrary tariffs that are happening out there. So you know,
that's that's really I think more of the scenario that
we're looking at. And as you point out, Tony, when
you have a collapse of that order, people are looking
for real money, for hard money for real assets. Falls
back to that and the FII currency becomes like Confederate dollars.
(26:05):
So I think maybe that's the answer. That's exactly right.
That's the one that I would give.
Speaker 2 (26:13):
History shows us, you know, it's that old maximum of
the golden rule. He who has the gold max the rules,
And I mentioned earlier about where we were in nineteen
forty five, especially you know, post World War two, how
much wealth that the United States held and the rules
that it was able to make because of that, and
(26:33):
that's dissipated. It flowed out and because of our monetary policy.
You look at places, I mean Canada again, that's another
they fall into that fiat trap. Well we've got all
this currency and we've got a central bank. Well, so
what you know, do you have assets to back it up?
And that's the rest of the world is moving away
and has been moving away rapidly. And I think when
(26:54):
I was on last week and I was pointing out
that the Hong Kong gold depots the Toria, I thought
that was big news. It didn't get a lot of play,
but you know, the next week, Bloomberg's running a story
on China leveraging the Shanghai Gold Exchange in Hong Kong
to husher in a new you know, commodity pricing system.
(27:17):
And I think that's really important to watch as the
outflows continue to happen, and these especially the bricks nations
accumulate more and more monetary metal.
Speaker 1 (27:26):
And they're doing that again. You know, the centers have
been London in New York, but there's been some scandals
involved in that. A lot of people wanted to get
their money out of New York as well as out
of London, and some difficulty in getting that. So I
think China sees an opportunity there.
Speaker 2 (27:44):
Well, they're right, yeah, And the backbone of all of
this is trust, and I believe the West has eroded
its trust, and especially the dollar system and the weaponization
of the dollar. It was very mismanaged on purpose. I
was reading an old book by Jim Mars on the
(28:07):
plane yesterday was coming out here to to La and
it's ruled by secrecy, and it talks about James forrestall
that famous quote from James Forstall. You know who was
I think murdered, you know, I pushed out of a window,
but as enable hospital for his views as he was
(28:27):
the first Secretary of Defense and under Truman. But he
had that famous quote he said, you know, if they
were just stupid, then every once in a while, the
air in our favorite talking about the ruling elite, he said,
they never do. You know. That's how you know that
it's it's pretty brilliant and it's a plan except for,
you know, the controlled demolition of the dollar. We have
(28:48):
to really ask the question, and the control demolition of
this current monetary system, Shu bono, Who benefits? Really, who benefits?
Because we're watching the destruction of our montum in real
time and the vacuum that's.
Speaker 3 (29:03):
Going to leave.
Speaker 2 (29:05):
You just look at places like China, which I don't
think is a good thing.
Speaker 1 (29:08):
That's right, absolutely. Well, you know, we've talked, always talked
about the economic system or anything. Let me get your
take on war, because we had quickly before we leave
the economic system. We've had a comment from three little
birds wants to know, Tony, do you think the future
could hold two separate economies?
Speaker 2 (29:29):
Do I Do I think the future have two separate economies?
Speaker 3 (29:31):
Yes, that is a question. May medancial systems.
Speaker 2 (29:35):
Their example is a metals based one and an energy
based one.
Speaker 3 (29:39):
But you know, will there'd be two separate ways of
doing business?
Speaker 2 (29:41):
You're like the established method and then something other than that, say,
you know, gold silver. I think that's entirely possible. It's
going to take a while. Nothing like this happens rapidly.
Well maybe it's more gradually then suddenly probably, But I
don't think people are exactly ready for that yet. But
I think there will be, you know, different ways to
(30:03):
conduct business in parallel economies that we discussed for many years,
especially with decentralized tokens through crypto and then things like
gold and silver that are physical in the real world
that you can actually trade and hold in your hand.
I think that will make a that will make parallel economies.
I think naturally people want to have the best money.
(30:27):
And if the if the the money and from the
established order is constantly in flux or in danger, or
you've got to deal with social credit scores or anything
like that, you're going to naturally gravitate towards something that's
outside of that. It may not happen in a day,
but it will happen. That's I think that's a natural
(30:48):
human condition. History shows us that you can't you can't
debase your way out of economic downturns. The Romans learn
that many times by the way they did more than one.
You know, we've had the coin clipping and other things
when debasing the currency and then bringing it back. We
always see that nations rise on on sound money, you know,
(31:12):
empire has rise on sound money and economic nationalism, and
they decline on fiat currency and free trade.
Speaker 1 (31:18):
Yes, And I think you know, once you get this
dominant Viat currency out of the way. You're going to
have the market trying a lot of different things, many
of them probably simultaneously, until they settle on maybe something
or one system. But I wanted to ask you about
war because you know, war is always a part of
these fourth turnings. You know, it begins with financial issues,
(31:40):
then they take us to war, as Gerald Slunty said,
and we've had Trump do a complete one eighty at
the UN. Now he's all in for Ukraine. They're going
to take back all their land and maybe even some
of Russia. He says, what do you what do you
think is happening with us? And it wasn't even I
think a full twenty four hours before we have Denmark
(32:00):
saying well, we've got drones in our airports. Again, this
has got to be the Russians, Let's go to war.
What do you think You're gonna take us to war
pretty quickly.
Speaker 2 (32:09):
I think this is the most volatile situation that the
world has been in since nineteen sixty two, since the
Cuban missile crisis, honestly, and it's a sad thing to watch.
If you followed history or geopolitics, like I have an
interest in it and been part of the instrument of
failed foreign policy. I was a tiny cog in that
(32:31):
machine as a young man, watching some disastrous decisions unfold.
This is really unnerving, and I've warned against it for
a long time, and it seems to kind of go
away and then it'll come back. You know, the dressing
down of Zelensky at the White House. I wondered how
much of that was theater, because it seemed like, Oh,
(32:55):
we're making a move here, We're gonna finally put this
thing to bed, which was, you know, the established order
wants that war. They want NATO and Russia locked in
some sort of kinetic conflict. It's ideological reasons, it's territorial reasons,
it's financial reasons. That all of that's baked into that,
(33:15):
and that's something that I thought was so myopic. It's
so I think it's psychotic at the same time, and
they're focusing on one or two things, but the wider
picture is that the West is sleepwalking into a cataclysm.
You look at somebody like Zelenski. He said earlier, I
(33:37):
think in the last couple of days, he said that
that Russia either makes peace or they make bomb shelters. Wow,
that's the kind of rhetoric for a madman.
Speaker 3 (33:48):
Yeah, it is.
Speaker 1 (33:49):
And yet we're seeing that from European countries now. We've
seeing it from Poland, you're seeing it now from Denmark,
that they're all jumping into this. And you got the
Germans just calmly saying, well, we're going to have to
be able to take care of a couple of thousand
casualties a day here in our hospitals. That's what's coming in.
And they're setting up their military, they're looking how they're
going to get a larger army, all these different things.
(34:11):
They're just doing it. It's kind of a matter of
fact that it'sn't like there's not any panic about it.
It's just like, well, this is what we're going to
do now. And they're kind of telling everybody what they're
going to do.
Speaker 2 (34:23):
And for what. Yeah, what is the point here? What
it would be the point of the sacrifice other than
some sort of ritualistic Lucidfarian agenda. I mean, I don't
see the point here. What is the point that they're
trying to make? What is the security threat to Europe
by Russia? If you leave it alone, I mean I
(34:44):
don't really understand it since for all the Soviet Union,
we've done everything to expand NATO, to interfere with even
like you look at the was it twenty fourteen, we
had the CIA back who in Ukraine the democratically elected
the leader from the fled to Russia the Orange Revolution
(35:07):
in two thousand and seven. We've done everything to get
us to this point. Is really on the West Russia.
I'm not a Rusiphile, and I don't I don't pretend
to think that Vladimir Putin is a great guy or
that you know, he's a sane actor. But at the
same time, we just look psychotic and schizophrenic.
Speaker 1 (35:27):
I mean, well, it's NATO and we've broken our promise.
NATO was set up to fight Russia. When Soviet Union collapses,
it's like, oh, now what do we do? Right, And
we've had in the the Warsaw Pact. Yeah, yeah, exactly.
In the past, we've had NATO do Operation Gladio where
they staged terrorist attacks, kidnapped prime minister, killed him, all
that type of thing.
Speaker 3 (35:48):
Uh.
Speaker 1 (35:48):
These are people who are satanic and insane. They have
operated literally as terrorists in Italy and in Germany for
their political agenda. And these are the people who are
looking to do anything that they can in order to
preserve this institution. Mark Ruda, who tried to destroy all
farming in the Netherlands, gets mooted out. And where do
(36:10):
they put him as head of NATO because he's.
Speaker 3 (36:13):
That kind of guy.
Speaker 1 (36:14):
I mean, it's almost funny, except that it's so serious
because they're trying to drag us. They're determined to drag
us into World War three, no matter how flimsy the excuse.
I mean, we'll be drug into World War three over
some drones harassing an airport. I mean that sounds like
getting drug into a world war because some archduke was
(36:35):
assassinated somewhere and a place that we've never heard of before.
Speaker 2 (36:38):
It's claz you've never heard of. That makes no sense.
And yeah, you run into people. I remember I was
at in Washington, d VC in twenty fourteen, and I
went up there to speak at an event for Congressman
around fall at the Capitol Grill. And before that they
had a little luncheon and somebody, some kid from the
(37:01):
Heritage Foundation was This was again right on the heels
of the Ron Paul Revolution, and there was a lot
of libertarian thought that was entering into conservatism, which I
thought was a great thing. And I was one of
those people, and they said, we've got to instruct people,
you know about even things like World War One. You know,
World War One was worth fighting and it was the
(37:23):
reason why we fought it. And I remember looking at
this luncheon and I'm like, am on a different planet,
Like what can you explain to me what that was?
I mean, modern historians really can't say why we fought this,
you know, have you cannon call it the Great Civil
War of the West, which was World War one and two?
Just this blood letting other than some ritualistic bankers. War
(37:46):
was what was the security measure? What was what was
it threat here? Other than the wealth and control of
the very few?
Speaker 3 (37:54):
Yeah, I agree. Yeah.
Speaker 1 (37:56):
One of my favorite movies, the first half of it
is Sergeant York. They gaslight him and give him to
go full you know, and this war it's like, no,
you're right the first time.
Speaker 3 (38:06):
Don't let them trick you.
Speaker 1 (38:07):
You know, wars when they tell us who to fight
revolutions when we figured out for ourselves. So you've got
a program that's coming up after this show don't you
are you doing that?
Speaker 3 (38:17):
You're in California. You're still going to do today's show.
Speaker 2 (38:20):
I'm still going to do today's show live from the
from the green room here in Thousand Oaks. I'm going
to do the arder burn radio transmission. So yeah, we'll
be live on Rumble in the America Plug channel and
live on my ex at Tony Arterburn. And I can't
believe I still do YouTube. Me and Jimmy Kimmel, We've
got YouTube. Now. I'll be over at Tony arderburn how
about you too?
Speaker 1 (38:40):
So did they never take you off? They just they
just missed it or something. The sensors are well a long.
Speaker 2 (38:46):
I've had other channels gone, but I just this time,
I just used my name. I just said I'm Tony
Ardburner at Tony Arderburner. We'll see how long they take
to figure out that's me over there.
Speaker 1 (38:56):
And maybe, well maybe you got on there after Linda left.
She was so the Yacharina or whatever or.
Speaker 2 (39:03):
She got about me.
Speaker 3 (39:03):
Was that Susan LOGIKEI.
Speaker 1 (39:06):
Yeah, that's right. Yeah, one of the Yacarina shoe is
that X. But well that's great. So you're gonna be
on x and YouTube right after this program, right during
the live broadcast.
Speaker 2 (39:17):
Here right at twelve twelve eastern eleven am Central time,
will be will be live, So come join us over there.
And I still want to reiterate too on Davidknight dot
Gold if you, if anybody's in your listeners, there's a
there's a special tum running. It's just for David Night
listeners and my listeners. We've got some in house silver
silver deals and it's a hodgepodge of stuff. Like I
(39:39):
said yesterday, we were buying a lot of silver. So
to take advantage of that. If there's in house pricing,
we can beat a lot of the major retailers right
now and give you a pass on a great deal.
Can't promise exactly melt on everything, but we can get
really close to spot wow on some items. And it
could be you know, ten ounce coins, five ounces of
(39:59):
far and pre nineteen sixty five US silver. But I'd
even hate to sell it, honestly. I love I love,
I love selling it. I make a little bit, but
I'm trying to stockpile right now because I think that
price is going to keep moving because the dollar, you know,
the saying goes gold and silver and you know have
(40:20):
no no top because Fiat has no bottom.
Speaker 1 (40:23):
That's a good thing and very true. Thank you so
much for joining us, Tony really do appreciate it. And again,
folks go to David Knight I Goldb'll take you Tony's
wise wolf Gold. Let him know that she came through us.
Speaker 3 (40:34):
Thank you.
Speaker 1 (40:34):
So the common man they created common Core dumbed down
our children. They created common Past to track and control us,
(40:55):
their Commons project to make sure the commoners own nothing
and the communist future. They see the common man as simple,
unsophisticated ordinary. But each of us has worth and dignity
created in the image of God. That is what we
have in common. That is what they want to take away.
(41:18):
Their most powerful weapons are isolation, deception, intimidation. They desire
to know everything about us while they hide everything from us.
It's time to turn that around and expose what they
want to hide. Please share the information and links you'll
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(41:40):
Thank you for sharing. If you can't support us financially,
please keep us in your prayers. Ddavidknightshow dot com
Joining us now is Tony Ardeman, and we talking a
little bit about the Shanghai Gold Exchange and what's happening.
Last time you're on, Tony, you talked about the Hong
Kong Gold Exchange, I think, and so China is making
a huge move to accumulate gold. That's been one of
the many driving factors. I mean, we're into record territory
(00:27):
we've passed in terms of real terms when gold shot
up to eight hundred dollars an ounce. But it's because
there are so many different things that are driving it simultaneously.
And one of those is, as you've been talking about
for the longest time, the push by a lot of
central banks to accumulate gold. But nobody is pushing it
(00:47):
like China. As a matter of fact, they're trying to
de westernize the global bullion market, says Zero Hedge. London
and New York have been places where gold has been
stor in the past. China is trying to place that Shanghai,
perhaps Hong Kong as well. What's your take on that.
Speaker 2 (01:07):
I thought the story last week about Hong Kong play
was really important because you already have the Shanghai Gold
Exchange and it just highlights the move that China is
making as well as the bricks nations to make the
move of commodity pricing eastward. There's another headline up that's
up on zero hedge and then just I mean really
(01:29):
putting some emphasis on what's going on with the West.
And Canada has no gold reserves, Sam, did you know
that zero gold reserves?
Speaker 1 (01:39):
Well, but they've got a central bankers as their prime
minister or whatever, so I guess they're covered, right. You
don't need gold if you got a central banker.
Speaker 2 (01:49):
I think that's that's a key indicator of where we're
headed in this in this decade and especially in this century,
is that everything is flowing out of the hands of
the West. And they had an interview with Ray Dalio
and he was talking about, you know, the juxtaposition of
nineteen forty five when the United States had about eighty
(02:10):
percent of the world's money. You know, we were about
five percent of the world's population, about fifty percent or
more of the wealth, and then that's completely dissipated and
it's flowing eastward and it's being decentralized out of our
hands for sure. So dollar domination is really I think
in this timeline, it's really in danger of losing more
(02:32):
and more market share.
Speaker 1 (02:33):
Yes, zero head China headline said, nobody is hedged for
the real gold panic that hasn't even started yet.
Speaker 2 (02:43):
No, No, I don't think it has. As a matter
of fact, it's interesting every day I started calculating the
ratios and not only the gold of silver ratios, but
the bitcoin the gold ratios, and Bitcoin has slipped a
little bit off of I think AI expansion and other
things that have happened since the rate cut, and that's
(03:04):
probably temporary, but it went from thirty one ounces of
gold to make one bitcoin to about twenty nine, and
so that slipped a little bit. But the real metric
to watch is the gold of silber ratio. That's starting
to come back to normal, or at least somewhat normal levels.
I mean, we got up to past one hundred ounces
(03:28):
of silver to make one ounce of gold not too
long ago, when it was thirty five dollars an ounce
for gold and thirty five hundred dollars an ounce, or
thirty five hundred dollars ounce of gold and thirty five
dollars an ounce for silver, David, And now we're at
eighty three to one because silver passed the forty four
dollars more.
Speaker 1 (03:46):
Yeah, it truly is amazing. We're hitting one all time
high after the other. But as I said, there's a
lot of different reasons, especially for us as individuals. We
look at the rise of stable coin.
Speaker 2 (03:57):
There was an.
Speaker 1 (03:58):
Article from zero Hedge talking about one hundred billion dollar
a year battle that is shaping up between credit cards
and stable coins. But I guess though, really stable coin
be more like a debit card, you know, let you
pay for things instantaneously. But we live in a credit
card society, don't we, where people are borrowing from the future,
(04:18):
So I don't know really how much of that is
really going to be over the credit cards versus that.
I think you see the credit card companies are merging
with the stable coin companies, as Visa merged with the
biometric company. They want to be there for the for
the surveillance. So imagine, you know, they could process a
(04:40):
transaction and still put it on a credit card account
for you and.
Speaker 3 (04:44):
Charge your thirty or forty percent interest as it continue
to allow that to happen.
Speaker 2 (04:49):
Yeah, I think what makes the stable coin battle between
credit card processing and stable coins is the fees, it's
merchant fees that'll be their selling point. As a matter
of fact, I saw it was I think a coinbase
commercial about a year ago. It was highlighting how small
business could open up a coin base account and if
(05:11):
they were if they took crypto, but their fees would
be lower than if they just took credit cards, which
I thought it was interesting. And then if you enter
in stable coins. Now I've been looking into stable coins
because I thought, well, if you're gonna deal, if you're
gonna have bitcoin or something, you should have stable coin.
That's a whole other like to actually deal in stable coins,
(05:33):
it's a lot harder to deal in than it is Bitcoin,
at least right now, you have to go through a
third party, which I think that's probably how it's going
to be.
Speaker 1 (05:41):
It's not going to be are connected to Trump like
Lutnake and others.
Speaker 2 (05:47):
Yeah right, It'll be something else so that it's not
you know, meet the new boss same as the old boss.
It's probably a lot of the same entities or interest
except it's a different vehicle. And they can be competitive
because for the longest time, you know the hidden cost
of credit card fees, and I know this from being
(06:07):
in the gasoline business my entire life, and you know,
three percent at the pump and how that looks on
your balance sheet when you're selling gasoline at the retail
level that the credit card companies make more than the
retailer most of the time. You know, if it's right
over three dollars a gallon, that's nine cents of a
gallon that in the retailer usually makes about a nickel.
So that'll be an interesting I think all the infrastructure
(06:32):
that's being put in right now with stable coins, you
and I both know that it's not for it's not
to save the merchant. It's not to save the retailer
or the operator fees or anything like that. It's another
transfer of well.
Speaker 3 (06:44):
Oh yeah yeah.
Speaker 1 (06:45):
But I imagine people with a lot of retailers would
give it a chance because it is a really expensive
thing to take credit cards. I remember when we had
our retail stores video stores. It was such a big
bite that I said, well, we have the ability to
you know, with the system that I had written, we
had the ability if somebody had late fees that they'd
accrued because they turned something in late. You know, we
(07:06):
could have balances on a customer's account so they could
pay it off later. So we tried it as an experiment.
It was a very short experiment because what happened was
we said, well, if you're going to use a credit
card for the small amount, let's just defer it. Next
time you come in, you can pay it, you know,
with a check or cash or something like that. And
that did not work because people wanted to use credit
(07:26):
cards and we as a store didn't have any club
over them in terms of if they don't pay the bill,
they're not going to get a hit on their credit
rating and that type of thing. So we had to
stop that pretty quickly. But it is really a high fee.
And as we look at the banks you're talking about
how stable coin is set up centrally controlled, just like
(07:47):
a central bank, except that it's a crony system. They
have a way that they are going to know their
customer and all the rest of these so called anti
money laundering laws that are out there. Vietnam showing the
pattern talked about this last week, I think they just
immediately closed eighty six million bank accounts because people did
(08:08):
not sign in and give them biometric data. It's like, okay,
well if we don't have your biometric data. We're closing
your account right now. I think we could see that
type of thing happening in the West. That's the way
that they're going to roll this thing out, do we Lujah?
Speaker 3 (08:26):
Yeah?
Speaker 2 (08:26):
I think unfortunately that's okay, that's our future, especially is
everything it continues to get more and more digitized.
Speaker 1 (08:32):
Yeah, that's right. They're going to force our hands coming through.
Ok Yeah, you're coming through now.
Speaker 3 (08:37):
Yes.
Speaker 1 (08:38):
So I think that's the direction that they're going to
go without a doubt, And I think that's why there's
as an individual, we're looking not only at the general
economy and at the price of gold, but we're also looking
at the control that's coming through with all this. The
World Economic Forum has got a plan to overhaul the
global financial system by monetizing nature. This is an article
(09:01):
from Life site, and we've talked about this before. How
Bessant as well as Lutnik, as well as Bergham, who
Trump put ahead as head of the Interior Department, has
all the different parks and public lands in it. They've
talked about how, yeah, we need to monetize and put
to work our natural resources. And so I think that
(09:22):
they will monetize nature. They'll come up with some kind
of derivative system to do that, and that's one of
the ways that we will wind up owning nothing and
they will have everything, people like Larry Fincott, Blackrock and
Hoffman and others. That's exactly what the world economic form wants,
isn't it.
Speaker 2 (09:41):
Well, unfortunately, I think this is a natural outcropping of
what happens when you have currency. When you demonetize your currency,
you monetize everything else, and they're looking for value and everything.
That's the reason civilization is built on sound money, when
that's the whole point of having a medium of exchange.
And if you lose that, then there's chaos and then
you go back to I mean, you're in a sense
(10:03):
of bartering economy, but there's you find value and everything else.
That's the reason why we have such a massive housing bubble.
It's why we have a debt crisis, a debt a
debt time bomb around the world. It's having to borrow
against assets and everything to outpace the loss of purchasing
power in the currencies. And that's a good point of
the reason why you're seeing.
Speaker 1 (10:23):
Yeah, that's a good point as you're saying that you've
got to have some pretense that your fiat currency is
linked to something that's real. I mean, first with first
Breton Woods, it was gold, and then the second one
they made it with oil or with energy, right, and
so now what's left. You know, they're going to monetize
it with the real estate that's here in the United States,
and that may very well be what they're going to do.
Speaker 2 (10:46):
To monetize everything, and yeah, it will be. It's still
a FIA currency. Then, even if we move to a
digitized system like a stable coin back system, it's still
going to be based off of the old blue sky.
It's going to be based off of nothing. It's going
to be based off of GDP and economic growth and
(11:07):
all the rest of that that. Unfortunately, we're seeing the
end game here where you can't inflate your way out,
you can't print your way out of economic downturns, and
a lot of the things the metrics are going backwards.
Used to when you lower interest rates and there would
be selloffs and precious metals because people would be taking
(11:30):
getting liquid in positions to buy into the market. Now
you're just seeing gold just continue to go up every
time I come on the show, it's breaking. It's another
all time high. I think silver is about to do
the same thing, and I don't want to give investment advice,
but I'm looking at silver having a big breakout here,
probably this year, going into the final quarter of twenty
(11:54):
twenty five. And as of right now, I'm stockpiling if
I can get silver and keep it. I'm holding it
if I can financially afford to keep it on the
books doing that because I think there's going to be
a squeeze even with the amount that's being sold right now.
It's really interesting. Buyers aren't necessarily there, but the price
(12:16):
keeps going up, so you have to take it to
the wholesalers. And I just don't like that game. I
think there's something inherently wrong with the price rising and
retail has slowed down, and we still have, you know,
the smaller buyers are there, but not like they used
to be, where the people are buying big chunks at
a time on the retail level. I'm watching that very
closely because those two things don't go together, the retail
(12:40):
slowing down and the price going up. That means institutions
and governments are buying, and they're signaling something I think
that we need to pay attention to.
Speaker 1 (12:48):
Yeah, they've been heavily manipulating silver, as we've said before.
You know, it was just a few months ago. I
remember seeing a YouTube video. Somebody sent it to me
as a listener and said, look at this and it
was a small show of precious metals, and the guys
that were there that were dealers, you know, the guy
went around talking to him. He said, Yeah, everybody wants
(13:08):
to sell silver, but they're not buying. He said, and
look at the ratio here, how low silver is. It's
a great deal. And so we're buying all that we can.
But the retail people are not. For whatever reason, they're
selling their silver instead of buying it. So there's a
lot of manipulations in going on for that for quite
some time.
Speaker 2 (13:26):
We got the shop and Dennison Against in Texas, my
old new bank, the branch bank that I took over.
I'll just send you some pictures of the signage. It's
a little bit of an experiment where wise Wolf Gold Silver,
Bitcoin and I rebranded it. They even have the I'll
have the drive through operational probably sometime by the end
(13:47):
of the year. But I was there just working the
counter for my son and from a from eleven am
to one pm, and I did six transactions buying silver
bullion and that was all I bought. It was a
silver boy. There wasn't any goal. There's six transactions of
different silver billion buys and probably about five thousand dollars
(14:10):
worth or more. But that's just kind of indicative the
steady pace.
Speaker 1 (14:14):
The retail trade is still the retail trade is still
selling it. When they're buying it, then.
Speaker 2 (14:20):
Yeah, well the public is selling to me. And then
I'm having to figure out how am I gonna either,
you know, get it to the trading house and make
a small margin and liquid ate it off my books,
find a way to keep it on inventory and sell
it out slowly. It's it's a very strange position to
(14:40):
be in because I love silver and I think it's
I think it's a bargain right now. It's hard to
always keep it on your books with cash flows, you
know from small business day, but you can't just continue
to to accumulate inventory and survive. So I have to
make that decision. But I think I'm buying I still
think I'm buying it cheap and the reason is is
what you mentioned, you know, with the repricing of everything,
(15:03):
I don't think that we've factored in the true destructure
of the dollar. The dollars lost forty percent of its
purchasing price compared to gold in the last year alone.
Speaker 3 (15:14):
Yeah, that's right.
Speaker 2 (15:15):
It's amazing, just in the last twelve months. Yeah, and
silver went from what was the last year, David, about
twenty nine dollars an ounce at this time somewhere in there,
and now we're at forty four dollars an ounce in climbing.
I think that's in direct correlation to the loss of
purchasing power and the dollar and where we're headed with
(15:35):
the repricing of commodities. So yeah, it's eventually. And I
think there was an article up on zero Hedge about
the phonebo. I mean, I think a lot of people
are going to look back and think this was, this
was the time, and they ended up not being able
to buy unfortunately. I think silver is going to surprise
everyone because it's been lying in wait for forty five years,
(16:00):
and it's everybody's been waiting for silver to do its
thing since nineteen eighty And you mentioned earlier, adjusted for inflation.
You're absolutely right. So in nineteen seventy nine gold or
the end of seventy nine into eighty, gold went to
over eight hundred dollars an ounce, So it went from
thirty five dollars an ounce in nineteen seventy one to
(16:21):
over eight hundred dollars an ounce in the end of
nineteen seventy nine, And that was based off of it looked.
It seemed to be that the Fed and the Treasury's
goal of you know, whip inflation now and all the
rest of that didn't happen, and people were just in it.
Gold doubled by the from first quarter of seventy nine
(16:43):
all the way down to the end, and then there
was some easing. You know, Paul Volker raised interest rates
to the teens and we've discussed this many times. So
there was a contraction in the money supply, and eventually
there was a you know, an easing of perceived inflation.
So silver took you know, went down from fifty two
dollars an ounce down to gosh, you know, almost nothing,
(17:06):
and then gold went from eight hundred dollars an ounce
down to about three hundred. So you're right, pricing for
inflation if you looked at eight hundred dollars an ounce
gold and seventy nine, we just crossed that line. So
that priced into inflation thirty five I think thirty six
hundred dollars an ounce was something like that is about
the adjusted for inflation mark of where we were in
(17:28):
seventy nine with eight hundred dollars ounce gold. But we've
not even gotten close with silver. If I said many times,
you know, fifty two dollars an ounce in eighty was
like three hundred dollars today in purchasing power. Yeah, that's
that's an estimation. So I think we've got a lot
of room to run. And all commodities. I mean, look
at what's happening with platinum, palladium. Palladium is up I
(17:52):
think five hundred percent over the past many, like five years.
I think it's what's.
Speaker 1 (17:58):
Anything that's real? Actually I get mister yeah, mister prom
ten eleven says sober is up five dollars per ounce
just in September, and he says, thank you, miss thank you, Tony.
Speaker 3 (18:11):
So I appreciate that.
Speaker 1 (18:13):
And again, you know, we go back and we look
at the inflation that was happening in the seventies. You
mentioned it, you know, the WEP inflation now, the little
wind buttons that Jeryll Ford want people to put on
their p What are we supposed to do to stop inflation?
Speaker 3 (18:26):
Right? They didn't know what to do to stop inflation.
Speaker 1 (18:31):
Yeah, that's right. I mean they would really just talk
to us as if we were children. It's the same
administration came out with the this is your brain on
drugs thing, you know, the egg in a frying pan.
It's like they really do think that we're children. And
maybe they're right.
Speaker 3 (18:44):
I don't know, but.
Speaker 2 (18:47):
I never know. You.
Speaker 3 (18:48):
Yeah, that's right. So when you go in, it's like, no,
I can't afford that none for me. Thanks. Yeah.
Speaker 1 (18:56):
Yeah, I never figured out what my responsibility and inflation was.
Speaker 3 (19:00):
I knew it is wise, but I didn't know what
mine was. Yeah, it's pretty.
Speaker 2 (19:05):
Crazy's that really is? The crux of the matter is
the fiat currency. Once you've untethered from value, and you
mentioned earlier. You know, we've talked about the petro dollar.
We had seemingly gold backed dollar until nineteen seventy one.
He wasn't legal for you to own gold. Jerald Ford
(19:26):
made that legal. I think in December nineteen seventy four,
you could finally own gold again legally in this country.
So we really didn't have the dollar had the perceived
backing of something. And we went off the petro dollar
pretty much officially last year, and you've seen the world
start moving away from using that by seeing it into energy.
(19:50):
So what's left, I think is the stable coin models
that we've discussed. And I don't know how that's going
to work out for the dollar or what's going to
go on, but in the meantime, everything's getting repriced.
Speaker 3 (20:01):
Yeah, that's right, that's right.
Speaker 1 (20:03):
Speaking of that, we got a couple of comments here,
three little birds says, ask you, Tony, who will buy
gold or silver when it becomes so highly valued? I
think you're buying things with gold and silver, I think
is what you'll be doing.
Speaker 2 (20:20):
Right.
Speaker 1 (20:20):
Well, look at it, I'm sorry, go back and look
at the stories about the waymar Republic. You know, when
the paper money became worthless and people using wheelbearers full
of bit One guy became incredibly wealthy because early on
he got out of the currency and got into gold
and then he could basically buy whatever he wanted to
on the cheap.
Speaker 2 (20:40):
Right, Well, the hardest money wins and those stories about
the Wymar Republic to the meltdown where somebody bought a
hotel for a twenty dollars gold piece, you know, because
the current priced in the currency, and that's the this
gets complicated if you've priced in your models based off
(21:01):
of currency. So you have a you know, have a
promisory note, you have a mortgage that's priced into the
currency at the time. It's one of the reasons why
you know, you had William Jennings Bryan at the end
of the nineteenth century with the Cross of Gold speech.
The currency had become so hard like the United States
(21:21):
was deflationary. It was harder and harder for the farmers
to you know, get liquid and pay off that their
their notes, and so that's why they call for free silver.
It's really the whole allegory of the Wizard of Oz
is all about that, with the yellow brick road and yeah,
you know Dorothy's slippers were originally silver. You know, she's
she tapped him to go back home. All the rest
(21:43):
of that. There's a there's an allegory there, but that
was the that was the the inverse, that was the
opposite problem. We had a currency that was so rigid
and harder and like it was deflationary, that it was
harder to get out of debt. Now, if you you know,
if you free up capital for a while, it looks
pretty good, like, oh, you can pay off dead a
(22:05):
lot easier. But then you start everything gets repriced and
so you know, an ounce of gold will go a
lot further. And you talk about that in relation to
what's known as Gresham's law, and I don't want to
get too technical. I don't think I'm the guy to
explain it, but it's Gresham's law is simply states that
(22:26):
when bad money enters a system, then good money goes
into the hiding. And so I always, you know, I
try to figure out what's the what's the end game
of Gresham's law? Well, how do you how does it
end up? Good money comes back? And that's the you know,
the proper money always reasserts itself. Gold always wins. If
you look at history, gold always comes back, Silver comes back,
(22:49):
and it can be pushed out for a while. And
I think that period between when they put down the
gold and silver rebellion, because I really think that's what
it was in nineteen eighty. As I look back and
you realize what happened with the Hunt family, you know,
they were deep stated. You know, I think they were
punished for exposing something that was wrong with the dollar
(23:11):
and making silver go up to fifty two dollars an ounce,
and and you know the rest is history with that,
because silver was nothing throughout the eighties. In the nineteen nineties,
Warren Buffett for a while seemingly cornered the silver market,
but nothing really happened. That's why you called it a
pet rock. You know, it said gold was like a
pet rock, or it didn't do anything and it just
(23:33):
sits there. Well, that's the whole point. It's it's not
supposed to it's supposed to sit there. It's supposed to
house value. It's supposed to be a monetary thing. Whereas
the dollar, you know, again the dollars with fiance currency
loses purchasing power. So we had that interim period between
the eighties and nineties and early two thousands where it
(23:53):
looked like fiat currency kind of at least stabilized enough.
But that's all. You know, three hundred dollars an ounce
gold David in two thousand and three and I remember
that because I was going into a rack, I bought
my first gold coins, and I remember, you know, the
(24:16):
dealer that I called put me in some I didn't
know what I was doing, so he put me in
numismatic collectibles that I never could get any value out of.
But if I just bought gold bullion, I'd have been
way way up wid wish I had that I invested
three thousand dollars in two thousand and three, I could
have got ten ounces of gold. I'd be looking a
lot better right now.
Speaker 1 (24:34):
Well, you know, when we talk about these different scenarios,
you know, one of the scenarios is like the bayer
maor republic where the entire financial system collapses and the
currency collapses, and that type of thing, and that's where
you pay where you buy the hotel for a twenty
dollars gold piece type of thing. But then you also
have what happened in the seventies and eighties were because
of bad government policy, an number of different ways inflation
(24:59):
got out of hand, and eventually when they got that
under control, then gold came back down for a while.
But I think we're looking at something that is more
like the Ymar scenario and this fourth turning these institutions.
Everything is being changed, The international financial system is being
re engineered. All of these different things are happening. So
(25:21):
I think when you look at exploding debt in the
West and you look, you know, that's looking ymar like,
you've got the desire by the Russians and the Chinese
to completely change the financial system. This is something unlike
what we have seen before, and we could very well
be pushed into a worldwide depression, especially with Trump's capricious
(25:43):
and arbitrary tariffs that are happening out there. So you know,
that's that's really I think more of the scenario that
we're looking at. And as you point out, Tony, when
you have a collapse of that order, people are looking
for real money, for hard money for real assets. Falls
back to that and the FII currency becomes like Confederate dollars.
(26:05):
So I think maybe that's the answer. That's exactly right.
That's the one that I would give.
Speaker 2 (26:13):
History shows us, you know, it's that old maximum of
the golden rule. He who has the gold max the rules,
And I mentioned earlier about where we were in nineteen
forty five, especially you know, post World War two, how
much wealth that the United States held and the rules
that it was able to make because of that, and
(26:33):
that's dissipated. It flowed out and because of our monetary policy.
You look at places, I mean Canada again, that's another
they fall into that fiat trap. Well we've got all
this currency and we've got a central bank. Well, so
what you know, do you have assets to back it up?
And that's the rest of the world is moving away
and has been moving away rapidly. And I think when
(26:54):
I was on last week and I was pointing out
that the Hong Kong gold depots the Toria, I thought
that was big news. It didn't get a lot of play,
but you know, the next week, Bloomberg's running a story
on China leveraging the Shanghai Gold Exchange in Hong Kong
to husher in a new you know, commodity pricing system.
(27:17):
And I think that's really important to watch as the
outflows continue to happen, and these especially the bricks nations
accumulate more and more monetary metal.
Speaker 1 (27:26):
And they're doing that again. You know, the centers have
been London in New York, but there's been some scandals
involved in that. A lot of people wanted to get
their money out of New York as well as out
of London, and some difficulty in getting that. So I
think China sees an opportunity there.
Speaker 2 (27:44):
Well, they're right, yeah, And the backbone of all of
this is trust, and I believe the West has eroded
its trust, and especially the dollar system and the weaponization
of the dollar. It was very mismanaged on purpose. I
was reading an old book by Jim Mars on the
(28:07):
plane yesterday was coming out here to to La and
it's ruled by secrecy, and it talks about James forrestall
that famous quote from James Forstall. You know who was
I think murdered, you know, I pushed out of a window,
but as enable hospital for his views as he was
(28:27):
the first Secretary of Defense and under Truman. But he
had that famous quote he said, you know, if they
were just stupid, then every once in a while, the
air in our favorite talking about the ruling elite, he said,
they never do. You know. That's how you know that
it's it's pretty brilliant and it's a plan except for,
you know, the controlled demolition of the dollar. We have
(28:48):
to really ask the question, and the control demolition of
this current monetary system, Shu bono, Who benefits? Really, who benefits?
Because we're watching the destruction of our montum in real
time and the vacuum that's.
Speaker 3 (29:03):
Going to leave.
Speaker 2 (29:05):
You just look at places like China, which I don't
think is a good thing.
Speaker 1 (29:08):
That's right, absolutely. Well, you know, we've talked, always talked
about the economic system or anything. Let me get your
take on war, because we had quickly before we leave
the economic system. We've had a comment from three little
birds wants to know, Tony, do you think the future
could hold two separate economies?
Speaker 2 (29:29):
Do I Do I think the future have two separate economies?
Speaker 3 (29:31):
Yes, that is a question. May medancial systems.
Speaker 2 (29:35):
Their example is a metals based one and an energy
based one.
Speaker 3 (29:39):
But you know, will there'd be two separate ways of
doing business?
Speaker 2 (29:41):
You're like the established method and then something other than that, say,
you know, gold silver. I think that's entirely possible. It's
going to take a while. Nothing like this happens rapidly.
Well maybe it's more gradually then suddenly probably, But I
don't think people are exactly ready for that yet. But
I think there will be, you know, different ways to
(30:03):
conduct business in parallel economies that we discussed for many years,
especially with decentralized tokens through crypto and then things like
gold and silver that are physical in the real world
that you can actually trade and hold in your hand.
I think that will make a that will make parallel economies.
I think naturally people want to have the best money.
(30:27):
And if the if the the money and from the
established order is constantly in flux or in danger, or
you've got to deal with social credit scores or anything
like that, you're going to naturally gravitate towards something that's
outside of that. It may not happen in a day,
but it will happen. That's I think that's a natural
(30:48):
human condition. History shows us that you can't you can't
debase your way out of economic downturns. The Romans learn
that many times by the way they did more than one.
You know, we've had the coin clipping and other things
when debasing the currency and then bringing it back. We
always see that nations rise on on sound money, you know,
(31:12):
empire has rise on sound money and economic nationalism, and
they decline on fiat currency and free trade.
Speaker 1 (31:18):
Yes, And I think you know, once you get this
dominant Viat currency out of the way. You're going to
have the market trying a lot of different things, many
of them probably simultaneously, until they settle on maybe something
or one system. But I wanted to ask you about
war because you know, war is always a part of
these fourth turnings. You know, it begins with financial issues,
(31:40):
then they take us to war, as Gerald Slunty said,
and we've had Trump do a complete one eighty at
the UN. Now he's all in for Ukraine. They're going
to take back all their land and maybe even some
of Russia. He says, what do you what do you
think is happening with us? And it wasn't even I
think a full twenty four hours before we have Denmark
(32:00):
saying well, we've got drones in our airports. Again, this
has got to be the Russians, Let's go to war.
What do you think You're gonna take us to war
pretty quickly.
Speaker 2 (32:09):
I think this is the most volatile situation that the
world has been in since nineteen sixty two, since the
Cuban missile crisis, honestly, and it's a sad thing to watch.
If you followed history or geopolitics, like I have an
interest in it and been part of the instrument of
failed foreign policy. I was a tiny cog in that
(32:31):
machine as a young man, watching some disastrous decisions unfold.
This is really unnerving, and I've warned against it for
a long time, and it seems to kind of go
away and then it'll come back. You know, the dressing
down of Zelensky at the White House. I wondered how
much of that was theater, because it seemed like, Oh,
(32:55):
we're making a move here, We're gonna finally put this
thing to bed, which was, you know, the established order
wants that war. They want NATO and Russia locked in
some sort of kinetic conflict. It's ideological reasons, it's territorial reasons,
it's financial reasons. That all of that's baked into that,
(33:15):
and that's something that I thought was so myopic. It's
so I think it's psychotic at the same time, and
they're focusing on one or two things, but the wider
picture is that the West is sleepwalking into a cataclysm.
You look at somebody like Zelenski. He said earlier, I
(33:37):
think in the last couple of days, he said that
that Russia either makes peace or they make bomb shelters. Wow,
that's the kind of rhetoric for a madman.
Speaker 3 (33:48):
Yeah, it is.
Speaker 1 (33:49):
And yet we're seeing that from European countries now. We've
seeing it from Poland, you're seeing it now from Denmark,
that they're all jumping into this. And you got the
Germans just calmly saying, well, we're going to have to
be able to take care of a couple of thousand
casualties a day here in our hospitals. That's what's coming in.
And they're setting up their military, they're looking how they're
going to get a larger army, all these different things.
(34:11):
They're just doing it. It's kind of a matter of
fact that it'sn't like there's not any panic about it.
It's just like, well, this is what we're going to
do now. And they're kind of telling everybody what they're
going to do.
Speaker 2 (34:23):
And for what. Yeah, what is the point here? What
it would be the point of the sacrifice other than
some sort of ritualistic Lucidfarian agenda. I mean, I don't
see the point here. What is the point that they're
trying to make? What is the security threat to Europe
by Russia? If you leave it alone, I mean I
(34:44):
don't really understand it since for all the Soviet Union,
we've done everything to expand NATO, to interfere with even
like you look at the was it twenty fourteen, we
had the CIA back who in Ukraine the democratically elected
the leader from the fled to Russia the Orange Revolution
(35:07):
in two thousand and seven. We've done everything to get
us to this point. Is really on the West Russia.
I'm not a Rusiphile, and I don't I don't pretend
to think that Vladimir Putin is a great guy or
that you know, he's a sane actor. But at the
same time, we just look psychotic and schizophrenic.
Speaker 1 (35:27):
I mean, well, it's NATO and we've broken our promise.
NATO was set up to fight Russia. When Soviet Union collapses,
it's like, oh, now what do we do? Right, And
we've had in the the Warsaw Pact. Yeah, yeah, exactly.
In the past, we've had NATO do Operation Gladio where
they staged terrorist attacks, kidnapped prime minister, killed him, all
that type of thing.
Speaker 3 (35:48):
Uh.
Speaker 1 (35:48):
These are people who are satanic and insane. They have
operated literally as terrorists in Italy and in Germany for
their political agenda. And these are the people who are
looking to do anything that they can in order to
preserve this institution. Mark Ruda, who tried to destroy all
farming in the Netherlands, gets mooted out. And where do
(36:10):
they put him as head of NATO because he's.
Speaker 3 (36:13):
That kind of guy.
Speaker 1 (36:14):
I mean, it's almost funny, except that it's so serious
because they're trying to drag us. They're determined to drag
us into World War three, no matter how flimsy the excuse.
I mean, we'll be drug into World War three over
some drones harassing an airport. I mean that sounds like
getting drug into a world war because some archduke was
(36:35):
assassinated somewhere and a place that we've never heard of before.
Speaker 2 (36:38):
It's claz you've never heard of. That makes no sense.
And yeah, you run into people. I remember I was
at in Washington, d VC in twenty fourteen, and I
went up there to speak at an event for Congressman
around fall at the Capitol Grill. And before that they
had a little luncheon and somebody, some kid from the
(37:01):
Heritage Foundation was This was again right on the heels
of the Ron Paul Revolution, and there was a lot
of libertarian thought that was entering into conservatism, which I
thought was a great thing. And I was one of
those people, and they said, we've got to instruct people,
you know about even things like World War One. You know,
World War One was worth fighting and it was the
(37:23):
reason why we fought it. And I remember looking at
this luncheon and I'm like, am on a different planet,
Like what can you explain to me what that was?
I mean, modern historians really can't say why we fought this,
you know, have you cannon call it the Great Civil
War of the West, which was World War one and two?
Just this blood letting other than some ritualistic bankers. War
(37:46):
was what was the security measure? What was what was
it threat here? Other than the wealth and control of
the very few?
Speaker 3 (37:54):
Yeah, I agree. Yeah.
Speaker 1 (37:56):
One of my favorite movies, the first half of it
is Sergeant York. They gaslight him and give him to
go full you know, and this war it's like, no,
you're right the first time.
Speaker 3 (38:06):
Don't let them trick you.
Speaker 1 (38:07):
You know, wars when they tell us who to fight
revolutions when we figured out for ourselves. So you've got
a program that's coming up after this show don't you
are you doing that?
Speaker 3 (38:17):
You're in California. You're still going to do today's show.
Speaker 2 (38:20):
I'm still going to do today's show live from the
from the green room here in Thousand Oaks. I'm going
to do the arder burn radio transmission. So yeah, we'll
be live on Rumble in the America Plug channel and
live on my ex at Tony Arterburn. And I can't
believe I still do YouTube. Me and Jimmy Kimmel, We've
got YouTube. Now. I'll be over at Tony arderburn how
about you too?
Speaker 1 (38:40):
So did they never take you off? They just they
just missed it or something. The sensors are well a long.
Speaker 2 (38:46):
I've had other channels gone, but I just this time,
I just used my name. I just said I'm Tony
Ardburner at Tony Arderburner. We'll see how long they take
to figure out that's me over there.
Speaker 1 (38:56):
And maybe, well maybe you got on there after Linda left.
She was so the Yacharina or whatever or.
Speaker 2 (39:03):
She got about me.
Speaker 3 (39:03):
Was that Susan LOGIKEI.
Speaker 1 (39:06):
Yeah, that's right. Yeah, one of the Yacarina shoe is
that X. But well that's great. So you're gonna be
on x and YouTube right after this program, right during
the live broadcast.
Speaker 2 (39:17):
Here right at twelve twelve eastern eleven am Central time,
will be will be live, So come join us over there.
And I still want to reiterate too on Davidknight dot
Gold if you, if anybody's in your listeners, there's a
there's a special tum running. It's just for David Night
listeners and my listeners. We've got some in house silver
silver deals and it's a hodgepodge of stuff. Like I
(39:39):
said yesterday, we were buying a lot of silver. So
to take advantage of that. If there's in house pricing,
we can beat a lot of the major retailers right
now and give you a pass on a great deal.
Can't promise exactly melt on everything, but we can get
really close to spot wow on some items. And it
could be you know, ten ounce coins, five ounces of
(39:59):
far and pre nineteen sixty five US silver. But I'd
even hate to sell it, honestly. I love I love,
I love selling it. I make a little bit, but
I'm trying to stockpile right now because I think that
price is going to keep moving because the dollar, you know,
the saying goes gold and silver and you know have
(40:20):
no no top because Fiat has no bottom.
Speaker 1 (40:23):
That's a good thing and very true. Thank you so
much for joining us, Tony really do appreciate it. And again,
folks go to David Knight I Goldb'll take you Tony's
wise wolf Gold. Let him know that she came through us.
Speaker 3 (40:34):
Thank you.
Speaker 1 (40:34):
So the common man they created common Core dumbed down
our children. They created common Past to track and control us,
(40:55):
their Commons project to make sure the commoners own nothing
and the communist future. They see the common man as simple,
unsophisticated ordinary. But each of us has worth and dignity
created in the image of God. That is what we
have in common. That is what they want to take away.
(41:18):
Their most powerful weapons are isolation, deception, intimidation. They desire
to know everything about us while they hide everything from us.
It's time to turn that around and expose what they
want to hide. Please share the information and links you'll
find at the Davidknightshow dot com. Thank you for listening,
(41:40):
Thank you for sharing. If you can't support us financially,
please keep us in your prayers. Ddavidknightshow dot com
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