October 30, 2025 • 39 mins
David Knight and Tony Arterburn break down gold’s continued rise as the Fed’s final rate cut sets the stage for another 1979-style inflation storm.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Welcome back, and joining us now is Tony Rdeman of
Wisewolf Gold, and he has set up David Knight Taik
Gold to take you to him and let him know
that you're coming through us from hearing about this on
the program, and I wanted to talk to Tony today
because gold has been popping around like it was bitcoin
almost but of course it's not unusual to see gold
(00:28):
bitcoin moving several percentage points in a day or certainly
in a week, but that's something that is kind of
new for gold and silver, and so as it went
up so quickly, it is now bouncing around at different levels.
And right now, what is it around four thousand? Is
that correct?
Speaker 2 (00:46):
It's just under four thousand this morning.
Speaker 1 (00:48):
Yeah, so, I mean it's still very high compared to
where it has been for the year. And what is
shaking it up this week is the Federal Reserve cutting
interest rates by twenty five basis points a quarter of
a percentage and saying that they're going to only do
one more by the end of the year. And so
a lot of people on Wall Street and other places
(01:10):
are saying, all right, so then that means that inflation
is not going to kick up as much as we
thought it would if he gets real aggressive on these
interest cuts. He's not going to get real aggressive. The
thing is that I'm looking at, Tony, is that Powell
isn't going to be there that much longer.
Speaker 2 (01:24):
Right, His term ends in May.
Speaker 1 (01:27):
So these people are saying, well, that's it. I guess
they're gonna follow a very conservative path there that's only
going to last for a couple of months anyway. And
we know, you know, as you and I have talked about,
and Jerald Clenty has said so many times, Trump is
really good for gold because he's all about borrowing money
and not paying his bills, and so we know where
(01:50):
this is all going to go. He's going to have
somebody who is going to have an easy money approach
and it's going to stoke inflation, and it's going to
happen at the latest in May of next year.
Speaker 3 (02:04):
Now that's at the latest. And you were thinking the
exact same thing I was. It's so funny the markets
are so fickle and so short term. They look at
stuff and say, oh, well, I guess everything's fine and
we're back to normal, and uh, you know, the meltdown
isn't really happening, but it's all short term.
Speaker 2 (02:22):
And then, you know, it's interesting too.
Speaker 3 (02:24):
You mentioned Powell talking about a second rate cut, but
he didn't seem that that was a foregone conclusion.
Speaker 1 (02:30):
It may not be.
Speaker 2 (02:31):
It may not be until.
Speaker 3 (02:32):
You know, Trump finally gets his new FED chair, and
then I think all bets are off at that point.
I think it's going to be easy money, lots and
lots of printing, probably unprecedented amount of currency injection into
the economy, and that's only going to drive all these
fundamentals everything we talk about, you know, as far as
dedollarization and the repricing of commodities, it's only going to
(02:58):
continue to inflate the prices of commodities.
Speaker 2 (03:01):
Is the dollar goes and value.
Speaker 1 (03:04):
Yes, I mean, it is something that is so dear
to the heart of Trump. I mean, look at how
angry he got with Thomas Massey was pushed back against
both his stimulus bill and his One Big Beautiful Bill
because of the spending, and that is you know, he
takes that very personally, and that is one of his
core things. Now, I thought it was interesting that this
(03:25):
article said FED officials had to make yesterday's decision without
key federal economic data amid the ongoing government shutdown. The
Bureau of Labor Statistics is mostly shuttered during the shutdown.
But it's all a lie anyway, as audi's program says,
it's all a lie. All these we couldn't get the
(03:45):
numbers from the Bureau of Label Labor Statistics, but it's
all a lie anything that they would have gotten from them.
And zero Hedge is saying gold is doing what it
normally does. After FED rate cuts, goes down a little
bit and then it starts to climb shortly after that.
People are anticipation of that inflation maybe something is you know,
(04:10):
gonna kick off with us, but they realize that it's
not really going to change the fundamentals in the long term,
and so then we get back to where we were.
Speaker 3 (04:21):
It's like what we saying that the statistics don't lie,
but liars use statistics.
Speaker 2 (04:26):
That comes to mind.
Speaker 3 (04:28):
Yeah, now you know you're you're looking at gold too
as far as the price, and that's the way it
usually goes. There's a rate cut, there's some liquidation of
current holdings to get into the market because that signals,
you know, the money printer is on the money printer
is going to go bur and some of these stocks
and other things in short term investments will inflate, so
people take profit positions out on gold and there'll be
(04:52):
some sell off in the market. But again, you know
also too that the the news of there being some
sort of a tentative agreement on trade between China and
the US, and China supposedly to start buying soybeans again,
and all this other stuff all temporary, and you see
these price pullbacks some gold. Matter of fact, I bought
(05:13):
some gold over the weekend because you can't trade on
the exchange, and it was a significant amount, and Monday
morning it's just bleeding red and I'm like, I don't
think I made anything, you know, But that's okay. That's
the risk you take when you're a dealer, that you
roll with the market. Sometimes you're up, sometimes you're down.
But that's the volatile nature where we are right now.
(05:34):
And I think it's looking for both gold, silver and
bitcoin are looking for a price. I think they're trying
to find price position and price discovery in all of
this turbulence, and we just never it's like you look
at the charts. One of the reports was saying that
this is the most gains that gold has had since
(05:58):
nineteen seventy nine. It's true for silver as well. It's
a forty five years in the making of these price adjustments.
And you were, if you know, you know as well
as anybody, David the the shock, the Nixon shock of
going off the gold standard in seventy one, and by
seventy nine you had eight hundred dollars an ounce gold,
(06:18):
which was massive in nineteen seventy nine, same thing with
silver at fifty two dollars. There was a lot of
intervention that went on Paul Volker from the Fed, and
this is interesting history to look at because they went
out of their way to make sure that there wasn't
some you know, scramble or crash of the dollar at
(06:39):
that time, you know, getting out of the dollar. I
think I think they stabilized it with high interest rates
and kind of a you know, dangling the trinket of
you know, Canesy and economics and the Laugher curve with
Reaganomics and all that stuff in the eighties. I think
that's really important history to pay attention to because it
created the price of gold and it kept silver suppress
for a long time.
Speaker 1 (07:00):
Mesa has talked about that.
Speaker 3 (07:01):
When you measure the markets against gold, they don't look
good anymore.
Speaker 1 (07:05):
M M Mesa's talked about that and they said, you
know what would it take to burst the bubble for gold?
And they said, when you look at when that has happened,
like you're just talking about one of those incidents, it's
because people have lost faith in the Federal Reserve and
then they got that faith back. I don't see that happening.
I don't see the Federal Reserve being able to get
(07:27):
people's confidence back. Even if they could do it at
the retail level, they're not going to do it based
on the sanctions that have been put in by Biden
and by Trump and others, and with the competition coming
from bricks, they're not going to get the confidence of
countries back, even if they could do it at the
retail level. So I don't think that's going to happen.
(07:48):
And when you look at all of the fundamental issues
in terms of inflation, in terms of debt, those are
all still there, bigger than we've ever seen in the past.
And what Trump is doing is adding a layer of
chaos and instability to businesses, which we were already were
headed for a stagflation or a selenty said dragflation. And
(08:13):
when you add that kind of chaos and instability that
people can't plan on, then it just makes it all worse.
Speaker 3 (08:23):
No, it does, and that's I think misunderstanding where we
are too and having normalcy bias has hurt the average consumer,
the average American and possibly every person around the world.
The IMF just came out and said that they expect
that global debt will reach one hundred percent of global
(08:46):
GDP by twenty thirty. Yeh, yeah, Now isn't that an
interesting metric. Yeah, we're talking about twenty thirty and we've been.
Speaker 2 (08:54):
Calling out the.
Speaker 3 (08:56):
It's a broken world predictive programming of the great Reset.
Speaker 2 (09:01):
For a long time.
Speaker 3 (09:03):
I think these things go hand in hand, the projections
that are out there of global debt to GDP, the
collapse of Fiat currencies, the resetting of things. It's very
important to pay attention to these fundamentals about prices and commodities.
Wall Street's really talking more about the periodic table than
they have in a long time.
Speaker 2 (09:22):
I got that from Gold Telegraph.
Speaker 3 (09:23):
He's talking about how he was overhearing traders talking about
copper and things that they you know, years ago you
wouldn't have heard it would be tech stocks and AI.
But I think getting looking around the world, seeing what
nation states are hoarding and what they're stockpiling based off
of I think the devaluation that's inevitable, the devaluation of
(09:48):
Fiat currencies is really important to understand those metrics. Yes,
and I think the average person here in this country
is going to get caught flat footed, unfortunately, because just
going off of you know, these rate cuts and other
things that it really don't matter much in especially in
the long term. They matter in the short term, but
(10:10):
it's not changing the fundamentals of what we're witnessing in this.
Speaker 2 (10:17):
Revaluation of all things.
Speaker 1 (10:18):
Well, when you look at the global great reset and
the great taking and all the rest of this stuff
that's there, Trump has got a really important role to
play in all this. He has been sowing global discord
with his tariff tantrums that are out there, and so
we look at it and we say, we argue about
whether or not he's got the power to do this,
and you know, what is the basis for him putting
(10:41):
this stuff in? But the reality is is that this
is exactly what the globalists want to have done, and
so it really kind of plays into everything they want
to the extent that you have to wonder if, just
like in twenty twenty, if he isn't the leader for
the globalist agenda rather than the leader of the opposition,
because he's putting all this stuff in, you know, and
(11:04):
all this chaos that is out there. Canada just cut
theirs by their interest rates by a quarter bule percent.
They're about one and a half points in terms of
interest rates below us. They're down at two and a
quarter and they say it's because of structural damage caused
by the Trump tantrums, reducing capacity of the economy and
(11:25):
adding costs to people limits a role that monetary policy
can play, and so they're saying, you know, these Trump
tariffs and trade policy have harmed our economy, and of
course it's harming a lot of other economies, and it's just,
you know, we have this global system, which I'm not
a big fan of, but that's what we have right now.
(11:46):
And what he's doing is he's just wrecking it like
you wrecked the supply chains in twenty twenty with his lockdown,
and in a sense, what he's doing is contributing to
this chaos and this reset that is there doing it
globally because all these different lines have been connected to
the United States and it is just just you know,
(12:08):
by abruptly cutting off these supply things, rather than going
through an orderly transition or having a plan, he just
does this knee jerk reaction and does it all at
once and say, Okay, we're going to cut this off. Nay,
you can build your business back up by your own
bootstraps without the suppliers that you've been getting product from.
(12:30):
And so he's harming American businesses as well. But the
impact that he's having around the world is huge.
Speaker 3 (12:38):
Yeah, and it's disastrous. Yeah, you and I both know
what grows an economy. What what what made the United
States great in the first place? You know, it's free markets.
There was there was a plan, Yes, there was, there
was coherence.
Speaker 1 (12:53):
And government was out of our lives. People. People can
make a plan. Government was out of our lives. It
didn't it didn't have a heavy tax burden on them,
and so you had stability, you had freedom, and people
can invest in the future. All this stuff has been
shut down. These types of policies.
Speaker 3 (13:10):
You go back to COVID nineteen eighty four. I mean,
look at the smashing of small business. I mean just
the wrecking of the system and the supply lines. And
that wasn't the beginning of inflation in this country, but
it certainly was the accelerant that was poured on it.
And think of the wealth that has been stolen from
(13:30):
the average American. Think of this transfer of wealth, likes
of which we've never seen before. The only thing that
even comes close to it was the free trade policies
put in by the technocrats and the oligarchs back in
the nineteen seventies who wanted to transfer the wealth away
from the United States and moved eastward. Absolutely nothing like
(13:53):
this though, we've not seen anything ever before. This massive
transfer of wealth that's gone onntinues to go on. And no,
you're right to call this out because if you really
wanted to grow the economy, you have the markets love certainty,
and not only that, but incentives for people, let for
(14:14):
them to be able to feel safe to take risks.
Speaker 2 (14:17):
I don't see that.
Speaker 3 (14:17):
There's lots of small manufacturers that are absolutely baffled.
Speaker 2 (14:22):
You look at the cattle industry.
Speaker 1 (14:24):
Oh yeah, they have.
Speaker 3 (14:25):
No idea like why are we helping Argentinian beef producers
over our own? You know, we're injecting cash all over
the world into places that again they're not it's not
our business, and it's not America first. All that stuff
that really is just shameful and all of those fundamentals too.
Speaker 2 (14:47):
Everything that we're doing right now will.
Speaker 3 (14:49):
Have lasting repercussions, unfortunately for this continual transfer of wealth.
And that's why it's important to understand the difference between
currency and money.
Speaker 1 (14:58):
Well, when you look at more than ever, the entire
Chicago border trade, as I said this last week, why
is that there, Well, it's because farmers want to be
able to lock in a price at some point. They're
willing to pay a premium for that. And that's the
entire reason that that giant Chicago border trade exists is
to lock in prices for farmers so that they have
(15:19):
certainty so they can make plans. And what Trump is
doing is single handedly worse than just taking out the
entire Chicago border trades. Like he flew over it with
his jet and dropped a bunch of excrement on it.
That's what's really happening to all the cattle farmers, and
so it's it's and not just them, other farmers as well,
(15:43):
the cattle ranchers, I should say, but also the farmers,
because they've got to have that certainty. And that's what
Trump is destroying. Nobody can make any plans. Nobody knows
what's going to happen. And that's true not just for
the farmers and the ranchers, it's also true for all
the small retailers, all the small manufacturers. They need to
know what their parts are going to cost, or what
(16:05):
their goods are going to cost. If they're a manufacturer,
they're going to have to get some parts. They don't
know if they're even going to be able to get
the parts anymore. It might be embargoed. But if they
get it, they don't know if it's going to be
a twenty percent tariff or it's going to be one
hundred percent tariff. You can't operate like that.
Speaker 3 (16:22):
And this was supposed to be, you know, the basis
for bringing jobs back to this country, and we've just
weaponized the dollar by other means. That's what the threat
of tariffs, and in the incoherence of the blanket tariffs
that they put out, I mean, it really is, you know,
the playbook for accelerating the Great Reset. I mean that's
(16:45):
all that is. I mean, it's we're not winning. I
know we're supposed to get or we're supposed to be
tired of winning by now, David, that's what I was told.
We're going to get so tired of winning. But we're
not winning.
Speaker 2 (16:56):
And that's I.
Speaker 1 (16:57):
Think they must spell that. I'm just tired of the
whining coming out of the White House. I'm very tired
of that. Yeah, but let's look at gold, because we
just had the London Bullion Market Association talked about where
they think gold is going to go in the next year.
Last year, they thought that gold this year would get
up to twenty nine forty one announce and it's quite
(17:20):
a bit higher than that obviously, and so it's up
around Instead of twenty nine hundred and around three thousand,
it is now around four thousand. So they missed it
by about a third. So they were pretty conservative on it,
and they are expecting that gold is going to get
up to around five thousand and about a year. And
(17:40):
while we're talking about London and the medals, did we
talk about when you were here last week. Did we
talk about what happened with silver and India and all
the rest of that stuff, the massive shortage of that stuff. Yeah,
so silver has done quite a bit better than they
thought it would. Gold is seeing its best annual gains
since nineteen seven, prices up fifty percent this year. However,
(18:03):
it's not the best performing asset of precious metals. Silver
is up sixty one percent year to date and platinum
is up by ninety three percent. You said people are
looking at the the different minerals and trading that the
chart there, So I guess palladium is another one of
(18:25):
these things that's there. But anyway, forty percent participants expect
gold to be the top performing asset and precious metals
through twenty twenty six. And so again last year they
thought it would be silver, and it was silver. And
then you see what is happening with tether Lucky Lutnix company.
(18:48):
They are making massive investments in gold and then tokenizing it.
And I'm looking at this, I'm thinking, why in the
world would you want to own gold that way? When
you look at all of the different issues about how
they can change the rules about what you can do
(19:09):
with your token coins. They can completely shut you off.
You can have any kind a lot of different kinds
of cyber attacks or things like that that can separate
you from your ownership of that stuff. I'm just looking
at it. I'm saying, what's in it for the people
that are out there. I just really don't understand that
the risk's greatly fign Yeah.
Speaker 3 (19:30):
I mean, if you don't understand the risk of the
counting party risk of those type of coins, then yeah,
maybe it looks great to you and you can digitize whatever.
Maybe you have a lot more faith in the system
than I do. But think about that. Think about the
power to take something digital and then buy real assets
with that. When somebody gives you value for the digitized
(19:51):
thing that you made up, I mean, that is a
that's a brig that's not since the credit card fees
have since something been so brilliant.
Speaker 2 (20:00):
It's almost evil genius. Or maybe it is.
Speaker 1 (20:02):
Oh, it is evil genius and it's Scott Bessen and
it's the Trump family. There's a long article from Reuters
about the Trump family's global crypto cash machine and the
connections that they've made with other foreign governments who have
who are able to invest in these crypto ventures. They
have a World Liberty Financial which is WLF instead of
(20:25):
w EF, but kind of the same idea. You will
own nothing and you will transfer all of your wealth
to the Trump family and they will do a pump
and dump on you, which they've already pulled off once
this year on people. It's pretty amazing. But they see
themselves as replacing banks and even as replacing the Central Bank,
(20:46):
I think is what their goal is, and they're going
to become probably trillionaires off of this thing.
Speaker 2 (20:52):
That is the play.
Speaker 3 (20:53):
I think there's a reason why, you know, especially with
the difference between the Harris administration that never was in
this one as the push for CBDC and the centralized
plan to digitize through the Federal Reserve, or as the
plan to do it through stable coin in this public
private partnership. And think about the wealth that'll be created
(21:17):
for a few again when you start using these stable
coins and if they you know, dollar for dollar, you
trade it in and they buy real assets, which they're doing.
They're buying bitcoin and they're buying gold and other things.
And you mentioned that you know the Trump family, and
I think it's Eric Trump with the American Bitcoin yeah,
(21:38):
and Don Junior is involved with another what I believe
out of Japan.
Speaker 1 (21:43):
Well, we look at this World Liberty financial thing. You've
got Eric and Don Jor and Baron are listed as
the co founders, along with Witcoff's two kids. That's Trump's
real estate partners, now his special envoy to Israel in
other places, and Trump is listed. This is really funny.
(22:04):
As emeritus co founder, I got to get his name
on there. And so Reuters went around talking to these
different individuals, many of them high ranking government officials and
other countries that are pouring massive amounts of money in
and they're pretty clear that they said, well, there's been
(22:25):
no special offers made to us outside of this, but
we think it's going to do really well because it's
connected to the Trump family. So a lot of people
are talking about the open corruption, which is really pretty amazing.
But you know, we saw that open corruption in the
Biden family with Hunter and you know, the big guy,
and what was happening in Ukraine. This is the same
type of thing, except the Trump's situation is global. It's
(22:48):
not just limited to one corrupt country in Ukraine. And
nobody on the right is going to talk about this
because they all are afraid of Trump's wrath iOS wrath.
Speaker 3 (23:01):
Yeah, well, they don't understand what's actually being done here.
I mean, if you're you get to wreck a current
system in order to create a new one, that's pretty
apparent that's what happens. And so they're going to you know,
if you want to see the dollar on it, you
want to accelerate the way the dollar being turned into
or digitized and doing you know, create a bridge to
(23:22):
a new system, well you got to you know, hasten
its decline. And that's if you wanted to whip saw
the value and create uncertainty, this is how you would
do it.
Speaker 1 (23:33):
It's being done, that's right. Yeah, their income from crypto
has gone up seventeen fold and just the first half
of this year. I mean they're making unbelievable amounts of
money and uh, you're partnering with Lucky loutnik Is, We're
going to see that really explode. And it is as
(23:54):
they said in this article, it's legal but unethical. And
I thought, well, okay, that's a bit different than most
of the things that Trump does. Most of the things
he does are unethical and illegal. At least this is
legal but unethical, I guess. So it's a little bit
of a surprise there that he actually do something within
the law, kind of break it and then dare them
(24:15):
to do something about it. But so as we look
at it, I would just say that we're kind of
in the same situation that we were last year with
the election and everybody soured on gold and silver and
started moving into crypto. Of course, crypto has been a
phenomenal investment for the Trumps as well, But I still
(24:36):
think that gold and silver are on sale. I think
that they are very important to not only see them
as a hedge against uncertainty and a hedge against the
complete restructuring of the financial system, but to see them
as a hedge against the surveillance state and the attack
on private financial transactions and your ability to make private
(24:59):
financial transactions or to buy and to do what you want.
That's going to be a function of having that ability.
So I don't really see anything fundamentally changing on this stuff,
even though the price is going to get noisy from
time to time reacting to things that may or may
not be real.
Speaker 3 (25:17):
What do you think, Well, that's true, and we're I
think still looking for price discovery. There's a lot of
unknowns that are pushing the price of gold and silver,
and a nation state adoption of the bitcoin also is
another unknown of you know, bitcoin was trading at one
hundred thousand, hit one hundred thousand in December of last year,
(25:41):
and it really hasn't. It's had another all time high
this month, but you know, one hundred and twenty four thousand
or whatever it was, but it's back down. You know,
the news of the rate cuts and you know, volatility
is it hurts Bitcoin's price.
Speaker 2 (25:56):
Gold has gone the opposite way. You know, it's because
of the volatility.
Speaker 3 (26:00):
It's it's driven up to a forty three hundred announced
and then of course silver going up to fifty three
plus announce. These are price discoveries in an uncertain time.
Speaker 2 (26:12):
The system that was built post World War two.
Speaker 3 (26:16):
You know, the Breton Woods one system is unraveling, and
we had Breton once two in nineteen seventy one.
Speaker 2 (26:22):
With going off the gold standard.
Speaker 3 (26:24):
But this is chaos in so many ways, and I
think that's what it's looking for. So fundamentals, you know,
are still there. The rate cuts are important to watch
because there's going to be selloffs and things happen.
Speaker 2 (26:37):
But and we may see a.
Speaker 3 (26:40):
Dip in gold further down, there may be more liquidations
and holdings, and that would be a good time. You know,
it's a good always good to buy someone when you
see the price in the red, because we're not going
back to any sort of You mentioned earlier the restoration trust,
which always reminds me this happened in twenty eleven. If
(27:03):
history's your guide, they you know, Bernanki came out and
said it was the Great.
Speaker 2 (27:07):
Depression was our fault. We did that.
Speaker 3 (27:10):
Also, this won't happen again, and we're not going to
bail these banks out. We're not going to do this
massive liquidity injection again. And that was quaint as I
think we're about eleven trillion in debt at the time,
so now we're, you know, thirty eight trillion plus in debt.
Nobody believes that rhetoric anymore. So all bets are off
(27:30):
at this point. The future is finite in the sense
of commodities and the pricing of currencies because trust has diminished,
and so inside the fourth turning, I think that's really
important to remember. The trust is diminished in the institutions,
so people are going to be looking for what they
can count, what's real, or at least to the best
(27:53):
of their ability to understand what's real and cannot be
duplicated or counterfeited. That will be more more important is
the years go on. Trust outside of counterparty risk will
be everything in the next five years.
Speaker 1 (28:08):
I agree. Yeah, we talked earlier about how Powell's term
is going to end in May of next year. There's rumors.
Now this is a newsweek talking about Donald Trump considering
Sorous's soy boy Scott Bessant for the chair of the FED,
and of course this type of thing that we saw
with Jennet Yellen. We have this revolving door between Treasury
(28:30):
Secretary and FED chair, kind of what you see with
these high level cabinet positions with HHS and FDA and
CDC going back and forth with big pharmaceutical companies like Pfizer,
Moderna and Eli Lilly. So it's that kind of revolving
door that's there. And it truly amazes me, Tony that
(28:52):
the right is I see all this stuff all the
time about Soros this and soroside, and look at his
connections with legal immigration, which is true, and it's connections
with Andy Va, which is true. But when it comes
to Scott Bessant, the guy who helped him and actually
probably masterminded the breaking of the Bank of England, they
don't see anything at all there, even as this guy
(29:15):
is breaking our farmers in order to bail out a
foreign country Argentina. You know, when you look at bailouts
down the road with somebody like Scott Bessant a lieutenant
in there, how bad do you think that's going to be?
If he gets in there as a fed chair. Of
course he's going to do that type of thing. It's
(29:37):
truly amazing to me to see the people that are
getting the levers of control and our government's kind of scary, frankly.
And again, the thing about Trump is that he can
push a globalist agenda of a great reset, he can
hire Soros people to do it, and Maga people don't
(29:58):
see it at all coming. It's truly a It was
kind of like.
Speaker 3 (30:02):
The first head of the Federal Reserve was Paul Warburg. Yeah,
you know, it's where they based the character Daddy Warbucks
and little orphan Annie off of, you know, and if
you watch the movie or what watch the play, like
he calls up Roosevelt and tells him what to do
in the nineteen thirties that they knew that then, you know,
the Warburgs were really out, you know, in the periphery
(30:23):
of the House of Rothschild. Of course, his brother Max
Warburg ran the Central Bank in Germany at the time.
We're supposed to have this mortal enemy, you know, in
the First World War.
Speaker 2 (30:31):
Yeah, so there's always.
Speaker 1 (30:33):
And he gave one and ten million dollars in gold.
What else would you give him? Right right? Put him
on a seal train to go in and start the
Russian Revolution. Here's a bunch of gold, you know, to
do something.
Speaker 3 (30:44):
This has always been the case, and it's always a
Goldman Sacks person, you know. And I was besting is
he Goldman Sax I'm sure or something like that. And
the same thing with the the.
Speaker 2 (30:55):
Connection of sorts. It reminds me of Bill Barr. You know.
Speaker 3 (30:59):
Bill Barr's picked by Trump to come in and be
Attorney General. And we know where it's what he tracks
back to what he is, you know, going back to
the first Bush administration and uh being the defending lan
Haruci you know who shot Vicky Weaver in the head.
I mean just These are awful people that are with
(31:19):
the with their tentacles and you know, deep state connections
and all the rest. And as long as it's you know,
we have this team sport mentality in this country. If
we're oh, so and so is picked by by my guy,
so it absolves him, washes away all of his sins.
Speaker 1 (31:34):
Yeah, when you look at him. There's a lot of
articles being put out by the conservatives really upset about
Mom Danny. Okay for New York mayor, And here's a
typical headline, Soros's fingerprints are all over the rise of
Democrat socialist zoron Mom Danny and yeah, oh, I guess
he's got his fingerprints on BESTNT, don't you think. I mean,
(31:57):
it's pretty amazing, you know, Scott Bessant h o's his
entire career to his relationship with sorrows. But that's nothing
that there's nothing to see here. Just move on. We'll
focus on Mom Danny, who again I'm not a fan
of uh. And they can see the Sorows fingerprints on him,
but they can't see it when when Trump is there,
(32:19):
I guess he wipes the fingerprints off.
Speaker 3 (32:22):
Oh yeah, I mean it if you start unveiling things.
It confuses people, it can be I'm sure unsettling, and
there's it's it's scary obviously, it's terrifying to look at
the world through the lens of wow, that's all a.
Speaker 2 (32:35):
Lie because you cling to like, my side is fighting.
Speaker 3 (32:40):
I can just you know, I can turn it off
for a while at my side fight it out with
the other side. But what if both sides. What if
it's not really a side. What if it's just you know,
you've got a corrupt few that are orchestrating a lot
of these things.
Speaker 1 (32:54):
In the other Monday, I have people say that to me, So, well,
wait a minute. You know, we got to have a
hope and something, and you know, if Trump can't do it,
then what is our option? What do we do? I said, well,
you got to think outside the ballot box, and you know,
think outside this box they put you in. Maybe your
solution doesn't lie in politics and government. Maybe you need
(33:14):
to keep an eye on them, but they're not the
solution and the savior of things. And so that is
a scary thing for people. They want to have a
savior that they can put their hope in, which just
leads to a fake idolatry.
Speaker 3 (33:27):
I think, well, it's like the I saw a meme
today and just made me laugh.
Speaker 2 (33:35):
It's the Star Wars.
Speaker 3 (33:36):
It's the Two Suns or the Two Moons or whatever
it was on tattoo Wing. I think with Luke Skywalker
and it says it had both the Republicans and the
Democrats and it was like.
Speaker 2 (33:47):
Most important election of our lifetimes. Every and it's.
Speaker 3 (33:51):
The same one. It's the same, both of them saying
the same things. It's the most important election of our lifetimes. Yeah,
just get off that train. Yeah, that's the you're just
caught up in that. And unfortunately it's about ideas and
about what you do as an individual. It's a it's
it's the it's a counterintuitive way to deal with this
amount of corruption, but you know, just joining it and
(34:13):
getting in team sports it just encourages some folks stop
doing That's right.
Speaker 1 (34:18):
We'll tell us at a bit about what's going on
with a team wolf Pack there and uh and what's
happening with Wise wolf Gold before.
Speaker 3 (34:26):
We go, Well, I'm going to make some announcements soon.
I may put up a I don't know. I'm thinking
about doing something really different here at the Texas location.
Speaker 2 (34:37):
I may start refining, but I don't know.
Speaker 3 (34:40):
I may put up an opportunity if somebody wants to
join in with me on it.
Speaker 1 (34:43):
I don't know.
Speaker 2 (34:44):
I've been running it through.
Speaker 1 (34:46):
Are you talking about urban mining and.
Speaker 2 (34:49):
I'm talking about Actually there's so I have that.
Speaker 3 (34:52):
I'm in the bank location now and it's not a
very big building, but in the back, I's all wired
in and I could put in, you know, the equipment
to melt and refine and put make my own bars.
Speaker 2 (35:03):
I could make once, you know, you could.
Speaker 3 (35:04):
I could even be a hub for dealers to sell
scrap gold and silver to And right now the refiners
aren't even melting silver day like, they won't take it.
So they're like, we're too busy because they're buying so
much that and that may that may ease up here
shortly with the prices being down a little further. But
(35:24):
I'm just stockpile like I kept I buy. I still
even though I can't melt it, I'm still buying uh
scrap silver, which you know sterling silver. You know all
the dinnerware and you know jewelry and other things.
Speaker 1 (35:38):
So keep your eye out for that stuff coming from
the Louver, right, I think that's got more than scrap
value associated with it.
Speaker 3 (35:48):
I think so there's there's some stuff that han't got
more than scrap value for sure, but yeah.
Speaker 2 (35:52):
I'm thinking about doing something with that. So I don't know.
Speaker 3 (35:55):
I there's there's gonna be so much opportunity in the
coming years. I want to be able to better serve people.
So I'm working on that. And we've got, of course
wolf Pack and just keeping that supply, which is you
know every week and you talk about it.
Speaker 2 (36:09):
It's it's a weird place.
Speaker 3 (36:11):
I'm sourcing different products and we appreciate anybody who's part
of wolf Pack. You know, we've got the I think
we got the best precious pedtal subscription service in the
business in my opinion on variety, and uh I agree, yeah,
in service. I got a great team. So just keeping
these things afloat. And I'm really grateful.
Speaker 1 (36:28):
I don't mr job because you know, we're talking about
how difficult things are for farmers and cattlemen and all
the rest of the stuff, and and yet you know,
you're in this very volatile situation as well, where the
price is fluctuating quite a bit. It's it's very difficult
to navigate those waters in a storm like that.
Speaker 2 (36:47):
Yeah, well, I think I'm built for it.
Speaker 3 (36:49):
I think you Fortunately for me, God wanted me to
do this if I I think I'd have failed long
ago if I didn't have his help.
Speaker 1 (36:56):
So you know, at least you've had a lot of
experience with it. That's good to have that. Well, thank
you so much for coming on, and really really do
appreciate your support of our show. Here and if you
want to go to Tony, you can also find a
wolf pack and everything else there David Knight dot Gold.
He can help you with metal iras. He can also
help you with large purchases or with the wolf pack
(37:19):
where you can start to gradually accumulate physical metals that
are going to retain their value in this very chaotic
environment that we're in right now. Thank you so much, Tony,
appreciate it. Thank you. The common man. They created common Core,
(37:48):
dumbed down our children. They created common Past to track
and control us, their Commons project to make sure the
commoners own nothing and the communist future they see. The
common man is simple, unsophisticated, ordinary, but each of us
has worth and dignity created in the image of God,
(38:12):
that is what we have in common. That is what
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(38:33):
and links you'll find at the Davidknightshow dot com. Thank
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dot com
Welcome back, and joining us now is Tony Rdeman of
Wisewolf Gold, and he has set up David Knight Taik
Gold to take you to him and let him know
that you're coming through us from hearing about this on
the program, and I wanted to talk to Tony today
because gold has been popping around like it was bitcoin
almost but of course it's not unusual to see gold
(00:28):
bitcoin moving several percentage points in a day or certainly
in a week, but that's something that is kind of
new for gold and silver, and so as it went
up so quickly, it is now bouncing around at different levels.
And right now, what is it around four thousand? Is
that correct?
Speaker 2 (00:46):
It's just under four thousand this morning.
Speaker 1 (00:48):
Yeah, so, I mean it's still very high compared to
where it has been for the year. And what is
shaking it up this week is the Federal Reserve cutting
interest rates by twenty five basis points a quarter of
a percentage and saying that they're going to only do
one more by the end of the year. And so
a lot of people on Wall Street and other places
(01:10):
are saying, all right, so then that means that inflation
is not going to kick up as much as we
thought it would if he gets real aggressive on these
interest cuts. He's not going to get real aggressive. The
thing is that I'm looking at, Tony, is that Powell
isn't going to be there that much longer.
Speaker 2 (01:24):
Right, His term ends in May.
Speaker 1 (01:27):
So these people are saying, well, that's it. I guess
they're gonna follow a very conservative path there that's only
going to last for a couple of months anyway. And
we know, you know, as you and I have talked about,
and Jerald Clenty has said so many times, Trump is
really good for gold because he's all about borrowing money
and not paying his bills, and so we know where
(01:50):
this is all going to go. He's going to have
somebody who is going to have an easy money approach
and it's going to stoke inflation, and it's going to
happen at the latest in May of next year.
Speaker 3 (02:04):
Now that's at the latest. And you were thinking the
exact same thing I was. It's so funny the markets
are so fickle and so short term. They look at
stuff and say, oh, well, I guess everything's fine and
we're back to normal, and uh, you know, the meltdown
isn't really happening, but it's all short term.
Speaker 2 (02:22):
And then, you know, it's interesting too.
Speaker 3 (02:24):
You mentioned Powell talking about a second rate cut, but
he didn't seem that that was a foregone conclusion.
Speaker 1 (02:30):
It may not be.
Speaker 2 (02:31):
It may not be until.
Speaker 3 (02:32):
You know, Trump finally gets his new FED chair, and
then I think all bets are off at that point.
I think it's going to be easy money, lots and
lots of printing, probably unprecedented amount of currency injection into
the economy, and that's only going to drive all these
fundamentals everything we talk about, you know, as far as
dedollarization and the repricing of commodities, it's only going to
(02:58):
continue to inflate the prices of commodities.
Speaker 2 (03:01):
Is the dollar goes and value.
Speaker 1 (03:04):
Yes, I mean, it is something that is so dear
to the heart of Trump. I mean, look at how
angry he got with Thomas Massey was pushed back against
both his stimulus bill and his One Big Beautiful Bill
because of the spending, and that is you know, he
takes that very personally, and that is one of his
core things. Now, I thought it was interesting that this
(03:25):
article said FED officials had to make yesterday's decision without
key federal economic data amid the ongoing government shutdown. The
Bureau of Labor Statistics is mostly shuttered during the shutdown.
But it's all a lie anyway, as audi's program says,
it's all a lie. All these we couldn't get the
(03:45):
numbers from the Bureau of Label Labor Statistics, but it's
all a lie anything that they would have gotten from them.
And zero Hedge is saying gold is doing what it
normally does. After FED rate cuts, goes down a little
bit and then it starts to climb shortly after that.
People are anticipation of that inflation maybe something is you know,
(04:10):
gonna kick off with us, but they realize that it's
not really going to change the fundamentals in the long term,
and so then we get back to where we were.
Speaker 3 (04:21):
It's like what we saying that the statistics don't lie,
but liars use statistics.
Speaker 2 (04:26):
That comes to mind.
Speaker 3 (04:28):
Yeah, now you know you're you're looking at gold too
as far as the price, and that's the way it
usually goes. There's a rate cut, there's some liquidation of
current holdings to get into the market because that signals,
you know, the money printer is on the money printer
is going to go bur and some of these stocks
and other things in short term investments will inflate, so
people take profit positions out on gold and there'll be
(04:52):
some sell off in the market. But again, you know
also too that the the news of there being some
sort of a tentative agreement on trade between China and
the US, and China supposedly to start buying soybeans again,
and all this other stuff all temporary, and you see
these price pullbacks some gold. Matter of fact, I bought
(05:13):
some gold over the weekend because you can't trade on
the exchange, and it was a significant amount, and Monday
morning it's just bleeding red and I'm like, I don't
think I made anything, you know, But that's okay. That's
the risk you take when you're a dealer, that you
roll with the market. Sometimes you're up, sometimes you're down.
But that's the volatile nature where we are right now.
(05:34):
And I think it's looking for both gold, silver and
bitcoin are looking for a price. I think they're trying
to find price position and price discovery in all of
this turbulence, and we just never it's like you look
at the charts. One of the reports was saying that
this is the most gains that gold has had since
(05:58):
nineteen seventy nine. It's true for silver as well. It's
a forty five years in the making of these price adjustments.
And you were, if you know, you know as well
as anybody, David the the shock, the Nixon shock of
going off the gold standard in seventy one, and by
seventy nine you had eight hundred dollars an ounce gold,
(06:18):
which was massive in nineteen seventy nine, same thing with
silver at fifty two dollars. There was a lot of
intervention that went on Paul Volker from the Fed, and
this is interesting history to look at because they went
out of their way to make sure that there wasn't
some you know, scramble or crash of the dollar at
(06:39):
that time, you know, getting out of the dollar. I
think I think they stabilized it with high interest rates
and kind of a you know, dangling the trinket of
you know, Canesy and economics and the Laugher curve with
Reaganomics and all that stuff in the eighties. I think
that's really important history to pay attention to because it
created the price of gold and it kept silver suppress
for a long time.
Speaker 1 (07:00):
Mesa has talked about that.
Speaker 3 (07:01):
When you measure the markets against gold, they don't look
good anymore.
Speaker 1 (07:05):
M M Mesa's talked about that and they said, you
know what would it take to burst the bubble for gold?
And they said, when you look at when that has happened,
like you're just talking about one of those incidents, it's
because people have lost faith in the Federal Reserve and
then they got that faith back. I don't see that happening.
I don't see the Federal Reserve being able to get
(07:27):
people's confidence back. Even if they could do it at
the retail level, they're not going to do it based
on the sanctions that have been put in by Biden
and by Trump and others, and with the competition coming
from bricks, they're not going to get the confidence of
countries back, even if they could do it at the
retail level. So I don't think that's going to happen.
(07:48):
And when you look at all of the fundamental issues
in terms of inflation, in terms of debt, those are
all still there, bigger than we've ever seen in the past.
And what Trump is doing is adding a layer of
chaos and instability to businesses, which we were already were
headed for a stagflation or a selenty said dragflation. And
(08:13):
when you add that kind of chaos and instability that
people can't plan on, then it just makes it all worse.
Speaker 3 (08:23):
No, it does, and that's I think misunderstanding where we
are too and having normalcy bias has hurt the average consumer,
the average American and possibly every person around the world.
The IMF just came out and said that they expect
that global debt will reach one hundred percent of global
(08:46):
GDP by twenty thirty. Yeh, yeah, Now isn't that an
interesting metric. Yeah, we're talking about twenty thirty and we've been.
Speaker 2 (08:54):
Calling out the.
Speaker 3 (08:56):
It's a broken world predictive programming of the great Reset.
Speaker 2 (09:01):
For a long time.
Speaker 3 (09:03):
I think these things go hand in hand, the projections
that are out there of global debt to GDP, the
collapse of Fiat currencies, the resetting of things. It's very
important to pay attention to these fundamentals about prices and commodities.
Wall Street's really talking more about the periodic table than
they have in a long time.
Speaker 2 (09:22):
I got that from Gold Telegraph.
Speaker 3 (09:23):
He's talking about how he was overhearing traders talking about
copper and things that they you know, years ago you
wouldn't have heard it would be tech stocks and AI.
But I think getting looking around the world, seeing what
nation states are hoarding and what they're stockpiling based off
of I think the devaluation that's inevitable, the devaluation of
(09:48):
Fiat currencies is really important to understand those metrics. Yes,
and I think the average person here in this country
is going to get caught flat footed, unfortunately, because just
going off of you know, these rate cuts and other
things that it really don't matter much in especially in
the long term. They matter in the short term, but
(10:10):
it's not changing the fundamentals of what we're witnessing in this.
Speaker 2 (10:17):
Revaluation of all things.
Speaker 1 (10:18):
Well, when you look at the global great reset and
the great taking and all the rest of this stuff
that's there, Trump has got a really important role to
play in all this. He has been sowing global discord
with his tariff tantrums that are out there, and so
we look at it and we say, we argue about
whether or not he's got the power to do this,
and you know, what is the basis for him putting
(10:41):
this stuff in? But the reality is is that this
is exactly what the globalists want to have done, and
so it really kind of plays into everything they want
to the extent that you have to wonder if, just
like in twenty twenty, if he isn't the leader for
the globalist agenda rather than the leader of the opposition,
because he's putting all this stuff in, you know, and
(11:04):
all this chaos that is out there. Canada just cut
theirs by their interest rates by a quarter bule percent.
They're about one and a half points in terms of
interest rates below us. They're down at two and a
quarter and they say it's because of structural damage caused
by the Trump tantrums, reducing capacity of the economy and
(11:25):
adding costs to people limits a role that monetary policy
can play, and so they're saying, you know, these Trump
tariffs and trade policy have harmed our economy, and of
course it's harming a lot of other economies, and it's just,
you know, we have this global system, which I'm not
a big fan of, but that's what we have right now.
(11:46):
And what he's doing is he's just wrecking it like
you wrecked the supply chains in twenty twenty with his lockdown,
and in a sense, what he's doing is contributing to
this chaos and this reset that is there doing it
globally because all these different lines have been connected to
the United States and it is just just you know,
(12:08):
by abruptly cutting off these supply things, rather than going
through an orderly transition or having a plan, he just
does this knee jerk reaction and does it all at
once and say, Okay, we're going to cut this off. Nay,
you can build your business back up by your own
bootstraps without the suppliers that you've been getting product from.
(12:30):
And so he's harming American businesses as well. But the
impact that he's having around the world is huge.
Speaker 3 (12:38):
Yeah, and it's disastrous. Yeah, you and I both know
what grows an economy. What what what made the United
States great in the first place? You know, it's free markets.
There was there was a plan, Yes, there was, there
was coherence.
Speaker 1 (12:53):
And government was out of our lives. People. People can
make a plan. Government was out of our lives. It
didn't it didn't have a heavy tax burden on them,
and so you had stability, you had freedom, and people
can invest in the future. All this stuff has been
shut down. These types of policies.
Speaker 3 (13:10):
You go back to COVID nineteen eighty four. I mean,
look at the smashing of small business. I mean just
the wrecking of the system and the supply lines. And
that wasn't the beginning of inflation in this country, but
it certainly was the accelerant that was poured on it.
And think of the wealth that has been stolen from
(13:30):
the average American. Think of this transfer of wealth, likes
of which we've never seen before. The only thing that
even comes close to it was the free trade policies
put in by the technocrats and the oligarchs back in
the nineteen seventies who wanted to transfer the wealth away
from the United States and moved eastward. Absolutely nothing like
(13:53):
this though, we've not seen anything ever before. This massive
transfer of wealth that's gone onntinues to go on. And no,
you're right to call this out because if you really
wanted to grow the economy, you have the markets love certainty,
and not only that, but incentives for people, let for
(14:14):
them to be able to feel safe to take risks.
Speaker 2 (14:17):
I don't see that.
Speaker 3 (14:17):
There's lots of small manufacturers that are absolutely baffled.
Speaker 2 (14:22):
You look at the cattle industry.
Speaker 1 (14:24):
Oh yeah, they have.
Speaker 3 (14:25):
No idea like why are we helping Argentinian beef producers
over our own? You know, we're injecting cash all over
the world into places that again they're not it's not
our business, and it's not America first. All that stuff
that really is just shameful and all of those fundamentals too.
Speaker 2 (14:47):
Everything that we're doing right now will.
Speaker 3 (14:49):
Have lasting repercussions, unfortunately for this continual transfer of wealth.
And that's why it's important to understand the difference between
currency and money.
Speaker 1 (14:58):
Well, when you look at more than ever, the entire
Chicago border trade, as I said this last week, why
is that there, Well, it's because farmers want to be
able to lock in a price at some point. They're
willing to pay a premium for that. And that's the
entire reason that that giant Chicago border trade exists is
to lock in prices for farmers so that they have
(15:19):
certainty so they can make plans. And what Trump is
doing is single handedly worse than just taking out the
entire Chicago border trades. Like he flew over it with
his jet and dropped a bunch of excrement on it.
That's what's really happening to all the cattle farmers, and
so it's it's and not just them, other farmers as well,
(15:43):
the cattle ranchers, I should say, but also the farmers,
because they've got to have that certainty. And that's what
Trump is destroying. Nobody can make any plans. Nobody knows
what's going to happen. And that's true not just for
the farmers and the ranchers, it's also true for all
the small retailers, all the small manufacturers. They need to
know what their parts are going to cost, or what
(16:05):
their goods are going to cost. If they're a manufacturer,
they're going to have to get some parts. They don't
know if they're even going to be able to get
the parts anymore. It might be embargoed. But if they
get it, they don't know if it's going to be
a twenty percent tariff or it's going to be one
hundred percent tariff. You can't operate like that.
Speaker 3 (16:22):
And this was supposed to be, you know, the basis
for bringing jobs back to this country, and we've just
weaponized the dollar by other means. That's what the threat
of tariffs, and in the incoherence of the blanket tariffs
that they put out, I mean, it really is, you know,
the playbook for accelerating the Great Reset. I mean that's
(16:45):
all that is. I mean, it's we're not winning. I
know we're supposed to get or we're supposed to be
tired of winning by now, David, that's what I was told.
We're going to get so tired of winning. But we're
not winning.
Speaker 2 (16:56):
And that's I.
Speaker 1 (16:57):
Think they must spell that. I'm just tired of the
whining coming out of the White House. I'm very tired
of that. Yeah, but let's look at gold, because we
just had the London Bullion Market Association talked about where
they think gold is going to go in the next year.
Last year, they thought that gold this year would get
up to twenty nine forty one announce and it's quite
(17:20):
a bit higher than that obviously, and so it's up
around Instead of twenty nine hundred and around three thousand,
it is now around four thousand. So they missed it
by about a third. So they were pretty conservative on it,
and they are expecting that gold is going to get
up to around five thousand and about a year. And
(17:40):
while we're talking about London and the medals, did we
talk about when you were here last week. Did we
talk about what happened with silver and India and all
the rest of that stuff, the massive shortage of that stuff. Yeah,
so silver has done quite a bit better than they
thought it would. Gold is seeing its best annual gains
since nineteen seven, prices up fifty percent this year. However,
(18:03):
it's not the best performing asset of precious metals. Silver
is up sixty one percent year to date and platinum
is up by ninety three percent. You said people are
looking at the the different minerals and trading that the
chart there, So I guess palladium is another one of
(18:25):
these things that's there. But anyway, forty percent participants expect
gold to be the top performing asset and precious metals
through twenty twenty six. And so again last year they
thought it would be silver, and it was silver. And
then you see what is happening with tether Lucky Lutnix company.
(18:48):
They are making massive investments in gold and then tokenizing it.
And I'm looking at this, I'm thinking, why in the
world would you want to own gold that way? When
you look at all of the different issues about how
they can change the rules about what you can do
(19:09):
with your token coins. They can completely shut you off.
You can have any kind a lot of different kinds
of cyber attacks or things like that that can separate
you from your ownership of that stuff. I'm just looking
at it. I'm saying, what's in it for the people
that are out there. I just really don't understand that
the risk's greatly fign Yeah.
Speaker 3 (19:30):
I mean, if you don't understand the risk of the
counting party risk of those type of coins, then yeah,
maybe it looks great to you and you can digitize whatever.
Maybe you have a lot more faith in the system
than I do. But think about that. Think about the
power to take something digital and then buy real assets
with that. When somebody gives you value for the digitized
(19:51):
thing that you made up, I mean, that is a
that's a brig that's not since the credit card fees
have since something been so brilliant.
Speaker 2 (20:00):
It's almost evil genius. Or maybe it is.
Speaker 1 (20:02):
Oh, it is evil genius and it's Scott Bessen and
it's the Trump family. There's a long article from Reuters
about the Trump family's global crypto cash machine and the
connections that they've made with other foreign governments who have
who are able to invest in these crypto ventures. They
have a World Liberty Financial which is WLF instead of
(20:25):
w EF, but kind of the same idea. You will
own nothing and you will transfer all of your wealth
to the Trump family and they will do a pump
and dump on you, which they've already pulled off once
this year on people. It's pretty amazing. But they see
themselves as replacing banks and even as replacing the Central Bank,
(20:46):
I think is what their goal is, and they're going
to become probably trillionaires off of this thing.
Speaker 2 (20:52):
That is the play.
Speaker 3 (20:53):
I think there's a reason why, you know, especially with
the difference between the Harris administration that never was in
this one as the push for CBDC and the centralized
plan to digitize through the Federal Reserve, or as the
plan to do it through stable coin in this public
private partnership. And think about the wealth that'll be created
(21:17):
for a few again when you start using these stable
coins and if they you know, dollar for dollar, you
trade it in and they buy real assets, which they're doing.
They're buying bitcoin and they're buying gold and other things.
And you mentioned that you know the Trump family, and
I think it's Eric Trump with the American Bitcoin yeah,
(21:38):
and Don Junior is involved with another what I believe
out of Japan.
Speaker 1 (21:43):
Well, we look at this World Liberty financial thing. You've
got Eric and Don Jor and Baron are listed as
the co founders, along with Witcoff's two kids. That's Trump's
real estate partners, now his special envoy to Israel in
other places, and Trump is listed. This is really funny.
(22:04):
As emeritus co founder, I got to get his name
on there. And so Reuters went around talking to these
different individuals, many of them high ranking government officials and
other countries that are pouring massive amounts of money in
and they're pretty clear that they said, well, there's been
(22:25):
no special offers made to us outside of this, but
we think it's going to do really well because it's
connected to the Trump family. So a lot of people
are talking about the open corruption, which is really pretty amazing.
But you know, we saw that open corruption in the
Biden family with Hunter and you know, the big guy,
and what was happening in Ukraine. This is the same
type of thing, except the Trump's situation is global. It's
(22:48):
not just limited to one corrupt country in Ukraine. And
nobody on the right is going to talk about this
because they all are afraid of Trump's wrath iOS wrath.
Speaker 3 (23:01):
Yeah, well, they don't understand what's actually being done here.
I mean, if you're you get to wreck a current
system in order to create a new one, that's pretty
apparent that's what happens. And so they're going to you know,
if you want to see the dollar on it, you
want to accelerate the way the dollar being turned into
or digitized and doing you know, create a bridge to
(23:22):
a new system, well you got to you know, hasten
its decline. And that's if you wanted to whip saw
the value and create uncertainty, this is how you would
do it.
Speaker 1 (23:33):
It's being done, that's right. Yeah, their income from crypto
has gone up seventeen fold and just the first half
of this year. I mean they're making unbelievable amounts of
money and uh, you're partnering with Lucky loutnik Is, We're
going to see that really explode. And it is as
(23:54):
they said in this article, it's legal but unethical. And
I thought, well, okay, that's a bit different than most
of the things that Trump does. Most of the things
he does are unethical and illegal. At least this is
legal but unethical, I guess. So it's a little bit
of a surprise there that he actually do something within
the law, kind of break it and then dare them
(24:15):
to do something about it. But so as we look
at it, I would just say that we're kind of
in the same situation that we were last year with
the election and everybody soured on gold and silver and
started moving into crypto. Of course, crypto has been a
phenomenal investment for the Trumps as well, But I still
(24:36):
think that gold and silver are on sale. I think
that they are very important to not only see them
as a hedge against uncertainty and a hedge against the
complete restructuring of the financial system, but to see them
as a hedge against the surveillance state and the attack
on private financial transactions and your ability to make private
(24:59):
financial transactions or to buy and to do what you want.
That's going to be a function of having that ability.
So I don't really see anything fundamentally changing on this stuff,
even though the price is going to get noisy from
time to time reacting to things that may or may
not be real.
Speaker 3 (25:17):
What do you think, Well, that's true, and we're I
think still looking for price discovery. There's a lot of
unknowns that are pushing the price of gold and silver,
and a nation state adoption of the bitcoin also is
another unknown of you know, bitcoin was trading at one
hundred thousand, hit one hundred thousand in December of last year,
(25:41):
and it really hasn't. It's had another all time high
this month, but you know, one hundred and twenty four thousand
or whatever it was, but it's back down. You know,
the news of the rate cuts and you know, volatility
is it hurts Bitcoin's price.
Speaker 2 (25:56):
Gold has gone the opposite way. You know, it's because
of the volatility.
Speaker 3 (26:00):
It's it's driven up to a forty three hundred announced
and then of course silver going up to fifty three
plus announce. These are price discoveries in an uncertain time.
Speaker 2 (26:12):
The system that was built post World War two.
Speaker 3 (26:16):
You know, the Breton Woods one system is unraveling, and
we had Breton once two in nineteen seventy one.
Speaker 2 (26:22):
With going off the gold standard.
Speaker 3 (26:24):
But this is chaos in so many ways, and I
think that's what it's looking for. So fundamentals, you know,
are still there. The rate cuts are important to watch
because there's going to be selloffs and things happen.
Speaker 2 (26:37):
But and we may see a.
Speaker 3 (26:40):
Dip in gold further down, there may be more liquidations
and holdings, and that would be a good time. You know,
it's a good always good to buy someone when you
see the price in the red, because we're not going
back to any sort of You mentioned earlier the restoration trust,
which always reminds me this happened in twenty eleven. If
(27:03):
history's your guide, they you know, Bernanki came out and
said it was the Great.
Speaker 2 (27:07):
Depression was our fault. We did that.
Speaker 3 (27:10):
Also, this won't happen again, and we're not going to
bail these banks out. We're not going to do this
massive liquidity injection again. And that was quaint as I
think we're about eleven trillion in debt at the time,
so now we're, you know, thirty eight trillion plus in debt.
Nobody believes that rhetoric anymore. So all bets are off
(27:30):
at this point. The future is finite in the sense
of commodities and the pricing of currencies because trust has diminished,
and so inside the fourth turning, I think that's really
important to remember. The trust is diminished in the institutions,
so people are going to be looking for what they
can count, what's real, or at least to the best
(27:53):
of their ability to understand what's real and cannot be
duplicated or counterfeited. That will be more more important is
the years go on. Trust outside of counterparty risk will
be everything in the next five years.
Speaker 1 (28:08):
I agree. Yeah, we talked earlier about how Powell's term
is going to end in May of next year. There's rumors.
Now this is a newsweek talking about Donald Trump considering
Sorous's soy boy Scott Bessant for the chair of the FED,
and of course this type of thing that we saw
with Jennet Yellen. We have this revolving door between Treasury
(28:30):
Secretary and FED chair, kind of what you see with
these high level cabinet positions with HHS and FDA and
CDC going back and forth with big pharmaceutical companies like Pfizer,
Moderna and Eli Lilly. So it's that kind of revolving
door that's there. And it truly amazes me, Tony that
(28:52):
the right is I see all this stuff all the
time about Soros this and soroside, and look at his
connections with legal immigration, which is true, and it's connections
with Andy Va, which is true. But when it comes
to Scott Bessant, the guy who helped him and actually
probably masterminded the breaking of the Bank of England, they
don't see anything at all there, even as this guy
(29:15):
is breaking our farmers in order to bail out a
foreign country Argentina. You know, when you look at bailouts
down the road with somebody like Scott Bessant a lieutenant
in there, how bad do you think that's going to be?
If he gets in there as a fed chair. Of
course he's going to do that type of thing. It's
(29:37):
truly amazing to me to see the people that are
getting the levers of control and our government's kind of scary, frankly.
And again, the thing about Trump is that he can
push a globalist agenda of a great reset, he can
hire Soros people to do it, and Maga people don't
(29:58):
see it at all coming. It's truly a It was
kind of like.
Speaker 3 (30:02):
The first head of the Federal Reserve was Paul Warburg. Yeah,
you know, it's where they based the character Daddy Warbucks
and little orphan Annie off of, you know, and if
you watch the movie or what watch the play, like
he calls up Roosevelt and tells him what to do
in the nineteen thirties that they knew that then, you know,
the Warburgs were really out, you know, in the periphery
(30:23):
of the House of Rothschild. Of course, his brother Max
Warburg ran the Central Bank in Germany at the time.
We're supposed to have this mortal enemy, you know, in
the First World War.
Speaker 2 (30:31):
Yeah, so there's always.
Speaker 1 (30:33):
And he gave one and ten million dollars in gold.
What else would you give him? Right right? Put him
on a seal train to go in and start the
Russian Revolution. Here's a bunch of gold, you know, to
do something.
Speaker 3 (30:44):
This has always been the case, and it's always a
Goldman Sacks person, you know. And I was besting is
he Goldman Sax I'm sure or something like that. And
the same thing with the the.
Speaker 2 (30:55):
Connection of sorts. It reminds me of Bill Barr. You know.
Speaker 3 (30:59):
Bill Barr's picked by Trump to come in and be
Attorney General. And we know where it's what he tracks
back to what he is, you know, going back to
the first Bush administration and uh being the defending lan
Haruci you know who shot Vicky Weaver in the head.
I mean just These are awful people that are with
(31:19):
the with their tentacles and you know, deep state connections
and all the rest. And as long as it's you know,
we have this team sport mentality in this country. If
we're oh, so and so is picked by by my guy,
so it absolves him, washes away all of his sins.
Speaker 1 (31:34):
Yeah, when you look at him. There's a lot of
articles being put out by the conservatives really upset about
Mom Danny. Okay for New York mayor, And here's a
typical headline, Soros's fingerprints are all over the rise of
Democrat socialist zoron Mom Danny and yeah, oh, I guess
he's got his fingerprints on BESTNT, don't you think. I mean,
(31:57):
it's pretty amazing, you know, Scott Bessant h o's his
entire career to his relationship with sorrows. But that's nothing
that there's nothing to see here. Just move on. We'll
focus on Mom Danny, who again I'm not a fan
of uh. And they can see the Sorows fingerprints on him,
but they can't see it when when Trump is there,
(32:19):
I guess he wipes the fingerprints off.
Speaker 3 (32:22):
Oh yeah, I mean it if you start unveiling things.
It confuses people, it can be I'm sure unsettling, and
there's it's it's scary obviously, it's terrifying to look at
the world through the lens of wow, that's all a.
Speaker 2 (32:35):
Lie because you cling to like, my side is fighting.
Speaker 3 (32:40):
I can just you know, I can turn it off
for a while at my side fight it out with
the other side. But what if both sides. What if
it's not really a side. What if it's just you know,
you've got a corrupt few that are orchestrating a lot
of these things.
Speaker 1 (32:54):
In the other Monday, I have people say that to me, So, well,
wait a minute. You know, we got to have a
hope and something, and you know, if Trump can't do it,
then what is our option? What do we do? I said, well,
you got to think outside the ballot box, and you know,
think outside this box they put you in. Maybe your
solution doesn't lie in politics and government. Maybe you need
(33:14):
to keep an eye on them, but they're not the
solution and the savior of things. And so that is
a scary thing for people. They want to have a
savior that they can put their hope in, which just
leads to a fake idolatry.
Speaker 3 (33:27):
I think, well, it's like the I saw a meme
today and just made me laugh.
Speaker 2 (33:35):
It's the Star Wars.
Speaker 3 (33:36):
It's the Two Suns or the Two Moons or whatever
it was on tattoo Wing. I think with Luke Skywalker
and it says it had both the Republicans and the
Democrats and it was like.
Speaker 2 (33:47):
Most important election of our lifetimes. Every and it's.
Speaker 3 (33:51):
The same one. It's the same, both of them saying
the same things. It's the most important election of our lifetimes. Yeah,
just get off that train. Yeah, that's the you're just
caught up in that. And unfortunately it's about ideas and
about what you do as an individual. It's a it's
it's the it's a counterintuitive way to deal with this
amount of corruption, but you know, just joining it and
(34:13):
getting in team sports it just encourages some folks stop
doing That's right.
Speaker 1 (34:18):
We'll tell us at a bit about what's going on
with a team wolf Pack there and uh and what's
happening with Wise wolf Gold before.
Speaker 3 (34:26):
We go, Well, I'm going to make some announcements soon.
I may put up a I don't know. I'm thinking
about doing something really different here at the Texas location.
Speaker 2 (34:37):
I may start refining, but I don't know.
Speaker 3 (34:40):
I may put up an opportunity if somebody wants to
join in with me on it.
Speaker 1 (34:43):
I don't know.
Speaker 2 (34:44):
I've been running it through.
Speaker 1 (34:46):
Are you talking about urban mining and.
Speaker 2 (34:49):
I'm talking about Actually there's so I have that.
Speaker 3 (34:52):
I'm in the bank location now and it's not a
very big building, but in the back, I's all wired
in and I could put in, you know, the equipment
to melt and refine and put make my own bars.
Speaker 2 (35:03):
I could make once, you know, you could.
Speaker 3 (35:04):
I could even be a hub for dealers to sell
scrap gold and silver to And right now the refiners
aren't even melting silver day like, they won't take it.
So they're like, we're too busy because they're buying so
much that and that may that may ease up here
shortly with the prices being down a little further. But
(35:24):
I'm just stockpile like I kept I buy. I still
even though I can't melt it, I'm still buying uh
scrap silver, which you know sterling silver. You know all
the dinnerware and you know jewelry and other things.
Speaker 1 (35:38):
So keep your eye out for that stuff coming from
the Louver, right, I think that's got more than scrap
value associated with it.
Speaker 3 (35:48):
I think so there's there's some stuff that han't got
more than scrap value for sure, but yeah.
Speaker 2 (35:52):
I'm thinking about doing something with that. So I don't know.
Speaker 3 (35:55):
I there's there's gonna be so much opportunity in the
coming years. I want to be able to better serve people.
So I'm working on that. And we've got, of course
wolf Pack and just keeping that supply, which is you
know every week and you talk about it.
Speaker 2 (36:09):
It's it's a weird place.
Speaker 3 (36:11):
I'm sourcing different products and we appreciate anybody who's part
of wolf Pack. You know, we've got the I think
we got the best precious pedtal subscription service in the
business in my opinion on variety, and uh I agree, yeah,
in service. I got a great team. So just keeping
these things afloat. And I'm really grateful.
Speaker 1 (36:28):
I don't mr job because you know, we're talking about
how difficult things are for farmers and cattlemen and all
the rest of the stuff, and and yet you know,
you're in this very volatile situation as well, where the
price is fluctuating quite a bit. It's it's very difficult
to navigate those waters in a storm like that.
Speaker 2 (36:47):
Yeah, well, I think I'm built for it.
Speaker 3 (36:49):
I think you Fortunately for me, God wanted me to
do this if I I think I'd have failed long
ago if I didn't have his help.
Speaker 1 (36:56):
So you know, at least you've had a lot of
experience with it. That's good to have that. Well, thank
you so much for coming on, and really really do
appreciate your support of our show. Here and if you
want to go to Tony, you can also find a
wolf pack and everything else there David Knight dot Gold.
He can help you with metal iras. He can also
help you with large purchases or with the wolf pack
(37:19):
where you can start to gradually accumulate physical metals that
are going to retain their value in this very chaotic
environment that we're in right now. Thank you so much, Tony,
appreciate it. Thank you. The common man. They created common Core,
(37:48):
dumbed down our children. They created common Past to track
and control us, their Commons project to make sure the
commoners own nothing and the communist future they see. The
common man is simple, unsophisticated, ordinary, but each of us
has worth and dignity created in the image of God,
(38:12):
that is what we have in common. That is what
they want to take away. 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
(38:33):
and links you'll find at the Davidknightshow dot com. Thank
you for listening, Thank you for sharing. If you can't
support us financially, please keep us in your prayers. Ddavidknightshow
dot com
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